Full text of Survey of Current Business : October 1992
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OCTOBER 1992 *^ VOLUME J2 NUMBER
1O
SURVEY of CURRENT BUSINESS
IN THIS ISSUE . . .
Foreign Direct Investment in the United States:
Establishment Data for 1987
U.S, DEPARTMENT OF COMMERCE <^ ECONOMICS AND STATISTICS ADMINISTRATION
BUREAU OF ECONOMIC ANALYSIS
OCTOBER 1992
VOLUME J2 NUMBER
SURVEY of CURRENT BUSINESS
* Department of Commerce
Barbara HackmanFranWin, Secretary
1
Business Situation
8
National Income and Product Accounts
Economics and Statistics
Administration
8
27
J, Antonio Viliamil,
Under Secretary for Economic Affairs
Carol S. Carson, Director
Allan H. Young, Acting
Deputy Director
Editor-in-Chief: Douglas R. Box
Managing Editor: Leland L. Scott
Selected NIPA Tables
NIPA Charts
29
Summary Fixed Reproducible Tangible Wealth Series, 1925-91
31
Motor Vehicles, Model Year 1992
38
Personal Income by State and Region, Second Quarter 1992
44
Foreign Direct Investment in the United States:
Establishment Data for 1987
Publication Staff: W. Ronnie Foster,
M* Gretchen Gibson, Eric B. Manning,
ponald 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,
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C-pages: Business Cycle Indicators
(Seepage C-l for contents)
S-pages: Current Business Statistics
(Seepage S-36for contents and subject index)
Inside back cover: BEA Information
NOTE.—This issue of the SURVEY went to the printer on November 5> 1992,
It incorporates data from the folio wing monthly BEA news releases:
Gross Domestic Product (Oct. 27),
Personal Income and Outlays (Oct. 28)> and
Composite Indexes of Leading, Coincident, and Lagging
, Indicators (Nov. 3).
SURVEY OF CURRENT BUSINESS
October 1992
THE BUSINESS SITUATION
Daniel Larkins and
Ralph Morris
prepared this
article.
ACCORDING TO advance estimates of the
^/± national income and product accounts
(NIPA'S), real gross domestic product (GDP) increased 2.7 percent in the third quarter of 1992
after increasing 1.5 percent in the second quarter (chart i).1 The step-up was accounted for
by goods other than motor vehicles and by services; structures and motor vehicles swung down
(table i).
Real gross domestic purchases increased 3.3
percent in the third quarter, about the same rate
as in the second. Unlike GDP, gross domestic
purchases excludes exports of goods and services and includes imports of goods and services.
Exports increased in the third quarter after decreasing in the second; imports increased about
Change From Preceding Quarter
percent
10
REAL GROSS DOMESTIC PRODUCT
!• 0 •>••
I--'
REAL GROSS DOMESTIC PURCHASES
III
'.
i. Quarterly estimates in the national income and product accounts are
expressed at seasonally adjusted annual rates, and quarterly changes are differences between these rates. Quarter-to-quarter percent changes are annualized.
Real, or constant-dollar, estimates are expressed in 1987 dollars.
' -td
GROSS DOMESTIC PURCHASES PRICE INDEX
(FIXED WEIGHTS)
Looking Ahead...
•
U.S.-Canadian
Current-Account
Statistics. The results of a comprehensive
reconciliation of the 1991 bilateral currentaccount statistics of the United States and
Canada will be presented in the November SURVEY. The article will contain detailed
data and methodology.
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Table 1.—Recent Patterns in Gross Domestic Product by Major Type of Product
[Seasonally adjusted annual rates]
Billions of 1987 dollars
Percent change from preceding quarter
Change from preceding quarter
1992
1991
Level
1991
1992
II
I
IV
6.7
Gross domestic product
4,924.5
Goods
Motor vehicles
Non-motor vehicles
1,961.0
189.7
1,771.3
Services
2,537.8
5.3
11.1
Structures
425.6
3.9
4,309.2
4.9
Gross domestic product excluding motor vehicles and structures
-2.6
-2.1
-.5
II
I
IV
1992:111
III
III
18.7
32.1
0.6
2.9
1.5
12.7
12.3
-.5
1.7
2.7
-4.7
.4
24.3
-1.9
26.2
2.3
15.4
15.8
3.8
-7.7
3.9
13.6
2.6
41.7
.5
35.2
8.3
5.8
2.5
14.1
30.4
-.1
.6
.1
.8
1.8
.4
16.2
1.3
NOTE.—Most series are found in table 1.4 of the "Selected NIPA Tables. Output of motor vehicles is the sum of auto output and truck output (from tables 8.4 and 8.6).
3.6
.2
2.7
5.1
-3.9
6.1
2.5
-6.9
4.0
SURVEY OF CURRENT BUSINESS
2 • October 1992
Table 2.—Recent Patterns in Real Gross Domestic Product and Purchases
[Seasonally adjusted annual rates]
Percent change from preceding quarter
Billions of 1987 dollars
1991
Change from preceding quarter
1992
Level
1991
1992
IV
1992:111
Gross domestic product
Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases
4,924.5
566.0
617.5
4,976.0
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Government purchases
6.7
II
35.2
4.0
5.0
17.2
6.0
-4.5
18.7
2.9
3.5
1.5
2.7
3.0
3.4
3.3
-.9
4.7
1.7
2.7
-.1
3.4
.3
.4
2.0
-11.4
56.3
20.8
3,316.1
-2.2
-6.6
40.3
-7.1
2.9
-.4
4,961.3
938.8
0.6
39.7
41.1
3.7
8.3
3.9
32.1
10.2
20.4
4.7
III
20.5
36.3
515.1
191.4
II
13.3
4.2
20
-20.1
14.7
I
III
6.9
Less' Change in business inventories
Equals'. Final sales to domestic purchasers
I
IV
-.8
18.9
5.6
-2.8
2.6
-1.4
14.7
1.9
6.9
6.9
32.8
-.3
27.6
.4
.2
4.6
-5.2
11.3
-3.0
5.1
3.0
20.1
1.7
16.1
12.6
-1.2
NOTE.—Dollar levels of aggregates are found in tables 1.2 and 1.6 of the "Selected NIPA Tables," and percent changes are found in table 8.1.
one-half as much in the third quarter as in the
second (table 2).
Although real gross domestic purchases increased at about the same rate in the second
and third quarters, the composition of the two
quarterly increases differed considerably. The
second-quarter increase was evenly split between
inventory investment (change in business inventories) and final sales to domestic purchasers; the
third-quarter increase was largely in final sales
to domestic purchasers. Among the final sales
components, personal consumption expenditures
(PCE) and government purchases both increased
in the third quarter after decreasing in the second.
The upswing in PCE was widespread: Durable
goods, nondurable goods, and services each contributed. The upswing in government purchases
was largely accounted for by national defense
purchases. Nonresidential fixed investment and
residential investment both decelerated sharply in
the third quarter.
The fixed-weighted price index for gross domestic purchases increased 2.4 percent in the
third quarter after increasing 3.2 percent in the
second. The fixed-weighted price index for GDP
increased 2.1 percent after increasing 2.9 percent.
Hurricanes Andrew and Iniki.—Hurricane Andrew struck Florida and Louisiana in late August,
and Hurricane Iniki struck Hawaii in midSeptember. As explained in the September
"Business Situation," BEA will not attempt to
quantify the total impact of the hurricanes on the
third-quarter NIPA aggregates, primarily because
most of the effects of the storms are embedded in
the source data and cannot easily be separated.2
2. In addition, reductions in production and incomes in the areas hit by
the storms may be at least partly offset by subsequent rebuilding efforts and
by increases in production and incomes elsewhere in the United States.
However, BEA has adjusted certain components
of the NIPA'S to reflect effects that are not accounted for in the source data. The adjustments
(based mainly on information from an insurance
industry trade association), which are described
in the following paragraphs, are subject to further
revision as more information becomes available.
All adjustments relate to third-quarter estimates
and, unless otherwise noted, are given in current
dollars at annual rates.
Table 3.—Adjustments to NIPA's for Impact of Hurricanes
Andrew and Iniki, 1992:111
[Billions of dollars at annual rates]
Adjustment
Income side:
-1.4
Wages and salaries
Rental income of persons with CCAdj
Consumption of fixed capital
Insurance benefits received
Other
Proprietors' income with IVA and CCAdj
Consumption of fixed capital
.
Insurance benefits received
Lost crop sales
Corporate profits with IVA and CCAdj
Consumption of fixed capital
Insurance benefits received
Benefits paid by insurance companies ..
Payments received from foreign reinsurers
-9.4
-36.3
27.3
-4
-3.5
. .
-49
2.4
-1 0
-40.3
-13.9
11 0
-49.2
11 8
Product side:
Personal consumption expenditures
Casualty insurance
Space rent
Net exports
Imports of services
-87
-85
_2
11.8
-11.8
Addenda:
Consumption of fixed capital, total
Transfer payments to persons
State and local government payments
55.1
3
.3
NOTE.—Adjustments shown are revised, on the basis of more complete information, from
those reported in the September SURVEY.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
SURVEY OF CURRENT BUSINESS
Adjustments were calculated to reflect destruction of structures and equipment owned by
businesses (including owner-occupied housing,
which is treated as a business entity in the
NIPA'S), lost wages, lost sales of crops by farmers, insurance benefits received by consumers and
businesses, and insurance benefits paid by foreign
companies. On the income side of the NIPA'S, the
adjustments affect consumption of fixed capital,
rental income of persons, proprietors' income,
corporate profits, and wages and salaries. On the
product side, the adjustments affect personal consumption expenditures and imports of services
(table 3).
Consumption of fixed capital was increased
$55.1 billion. This amount reflects destruction of
structures and equipment owned by businesses;
it is approximately three times as large as the
adjustment made after Hurricane Hugo struck
South Carolina and North Carolina in September 1989. The level of GDP is not affected by this
adjustment because it is offset by adjustments to
rental income, proprietors' income, and corporate profits. The level of net domestic product
(NDP) is affected, however; NDP is GDP less consumption of fixed capital. Current-dollar NDP
increased only 0.4 percent in the third quarter
but would have increased 4.7 percent were it not
for the hurricanes.
Rental income of persons was reduced $9.4
billion. Destruction of residential property was
estimated at $36.3 billion; insurance benefits were
estimated at $27.3 billion.
Proprietors' income was reduced $3.5 billion.
Destruction of property of proprietors was estimated at $4.9 billion, $2.4 billion of which was
Third Quarter 1992 Advance GDP Estimate: Source Data and Assumptions
The advance GDP estimate for the third quarter is based
on the following major source data, some of which are
subject to revision. (The number of months for which
data were available is shown in parentheses.)
Personal consumption expenditures: Sales of retail stores
(3) and unit auto and truck sales (3);
Nonresidential fixed investment: Unit auto and truck
sales (3), construction put in place (2), manufacturers'
shipments of machinery and equipment (2), and exports
and imports of machinery and equipment (2);
Residential investment: Construction put in place (2)
and housing starts (3);
Change in business inventories: Manufacturing and
trade inventories (2) and unit auto and truck inventories
(3);
Net exports of goods and services: Merchandise exports
and merchandise imports (2);
Government purchases: Federal outlays (2), State and
local construction put in place (2), and State and local
employment (3);
GDP prices: Consumer Price Index (3), Producer Price
Index (3), price indexes for nonpetroleum merchandise
exports and imports (3), and values and quantities of
petroleum imports (2).
In addition to incorporating the above source data,
BEA makes assumptions for the source data that are not
yet available.1 The following paragraphs, based on a table made available shortly after release of each advance
estimate, highlight the source data incorporated and the
assumptions made in preparingthe estimates of the components that contributed the most to the 2.7-percent
increase in real GDP in the third quarter.
i. The table of assumptions is available shortly after the release of each
advance estimate on the Department of Commerce's Economic Bulletin
Board or by request from BEA. For additional information, see "Key
Source Data and Assumptions for the Advance Estimates of GNP: Easier
Access and Redesigned Format" in the July 1988 SURVEY OF CURRENT
BUSINESS.
For personal consumption expenditures, the estimate
of goods was based on 3 months of Census Bureau sales
of retail stores and trade-source unit auto and truck
sales. The estimates of service components that increased were based partly on BEA projections based on
past trends and partly on 3 months of source data—
primarily trade-source airline passenger revenue miles,
trade-source shares traded on securities markets, Bureau
of Labor Statistics (BLS) employment and earnings in
service industries, and State government agency revenues
from casino gambling. The price data used to prepare
the constant-dollar estimates of both goods and services
were based primarily on 3 months of BLS consumer price
indexes.
For inventory investment, the estimate of nonfarm
inventories was largely based on 3 months of tradesource unit auto and truck inventories and 2 months
of Census Bureau manufacturing and trade inventories.
For September, BEA assumed a substantial liquidation
in manufacturing and trade inventories, following substantial accumulations in July and August. The estimate
of farm inventories was based on BEA quarterly distributions of annual forecasts of production and sales
prepared by the U.S. Department of Agriculture (USDA).
The price data used to prepare the constant-dollar estimates of inventories were based largely on 3 months
of BLS producer price indexes and on prices received by
farmers from USDA.
For government purchases, the estimate of national
defense purchases was based on 2 months of outlays
by the U.S. Department of Defense (DOD), as published
in the Monthly Treasury Statement. For September,
based on unpublished data, BEA assumed that outlays
were about equal to the average of the July and August
estimates. The price data used to prepare the constantdollar estimates of defense purchases were BEA price
indexes developed primarily from detailed information
from DOD.
October 1992
SURVEY OF CURRENT BUSINESS
4 • October 1992
covered by insurance. Proprietors' income was
further lowered by $1.0 billion of lost crop sales
attributable to the hurricanes.
In addition to the downward adjustments in
rental income of persons and in proprietors' income, wages and salaries was reduced $1.4 billion,
and government transfer payments was raised
$0.3 billion. As a result of these adjustments,
personal income was reduced $14.0 billion in the
third quarter.
The third-quarter estimate of corporate profits
will be released in late November. At present,,
it is estimated that profits will be reduced $40.3
billion to reflect the effect of the hurricanes. Destruction of property of corporations is estimated
at $13.9 billion, $11.0 billion of which is covered
by insurance. Insurance companies are estimated
to be liable for $49.2 billion in claims arising from
the hurricanes, $11.8 billion of which would be
covered by foreign reinsurers.
On the product side of the NIPA'S, PCE and
imports were adjusted down. The personal property and motor vehicle insurance components of
PCE were adjusted down $8.7 billion. As explained in the September "Business Situation,"
these components are defined as premiums paid
less benefits received; benefits increased. In addition, PCE was adjusted down $0.2 billion to reflect
lost rental payments resulting from the destruction of rental and owner-occupied housing units.
Imports of services was adjusted down $11.8
billion, reflecting payments under reinsurance
policies that domestic insurers have with foreign
insurance companies. As in PCE, imports of insurance services are defined as premiums paid
less benefits received. The adjustments for insurance services were made only to current-dollar
estimates; no adjustments were made to the corresponding constant-dollar estimates, which are
based only on premiums paid.
in the prices of gasoline and oil offset accelerations in the prices of fuel oil and coal and of
electricity and gas.
Prices
Gross domestic product
As noted earlier, the fixed-weighted price index for gross domestic purchases increased 2.4
percent in the third quarter after increasing 3.2
percent in the second (table 4). The deceleration
was largely accounted for by prices of PCE.
Prices of PCE increased 2.2 percent in the third
quarter after increasing 3.5 percent in the second. Most of the components of PCE except food
and energy contributed to the slowdown. Prices
of food increased somewhat more in the third
quarter than in the second. Prices of the energy
components increased at about the same rate in
the third quarter as in the second; a deceleration
Prices of nonresidential fixed investment increased 1.2 percent in the third quarter, the
same as in the second. Prices of nonresidential structures increased more than in the second
quarter, and prices of producers' durable equipment increased less. The step-up in the prices
of structures was in buildings; the slowdown in
the prices of equipment largely reflected prices of
computers and of transportation equipment.
Prices of residential investment increased 4.0
percent in the third quarter after increasing 2.5
percent in the second.
Prices of government purchases increased 3.5
percent in the third quarter, the same as in the
second. Prices paid by the Federal Government
increased 3.4 percent after increasing 2.8 percent. Prices paid by State and local governments
increased 3.6 percent after increasing 4.0 percent.
The price index for GDP, which measures prices
paid for goods and services produced in the
United States, increased 2.1 percent in the third
quarter after increasing 2.9 percent in the second.
This index differs from the price index for gross
domestic purchases because it includes prices of
exports and excludes prices of imports. Prices of
exports increased less than in the second quarter,
and prices of imports increased more.
Table 4.—Fixed-Weighted Price Indexes: Change From
Preceding Quarter
[Percent change at annual rates; based on seasonally adjusted index
numbers (1987=100)]
1991
IV
1992
I
II
2.4
3.6
2.9
2.1
2.4
3.1
.5
-2.9
2.1
4.8
1.0
5.9
2.5
3.1
3.2
2.4
Equals: Final sales to domestic purchasers ....
2.5
3.1
3.2
2.4
Personal consumption expenditures
Food
Energy
Other personal consumption expenditures ....
Nonresidential structures
Producers' durable equipment
Residential investment
Government purchases
31
11
3,8
3.5
-1 6
1.6
-2.1
27
3.5
22
-5.8
4.5
-1.3
1.6
-7
30
3.5
12
6.6
3.7
14
1.1
2.5
35
22
21
6.8
1.9
23
.6
4.0
35
3 8 -42
20.1 -48.7
18
22
48
71.8
2
66
28.6
44
Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases
III
Less: Change in business inventories
Addenda:
Merchandise imports
Petroleum and products
Other merchandise
NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA
Tables." Most index number levels are found in tables 7.1 and 7.2.
SURVEY OF CURRENT BUSINESS
Personal income
Real disposable personal income (DPI) was unchanged in the third quarter after increasing 1.2
percent in the second (chart 2). The deceleration was more than accounted for by a slowdown
in current-dollar DPI from a 4.8-percent increase in the second quarter to a i.4-percent
increase in the third. The personal saving rate
fell 0.8 percentage point to 4.5 percent, reflecting a larger increase in current-dollar personal
outlays—mainly PCE—than in current-dollar DPI.
Personal income increased $27.1 billion in the
third quarter after increasing $48.4 billion in the
second (table 5). As explained earlier in the
"Business Situation," adjustments made to reflect
the impact of hurricanes Andrew and Iniki reduced personal income $14.0 billion in the third
quarter.
Wage and salary disbursements increased $20.0
billion in the third quarter after increasing $23.7
October 1992 • J
billion in the second. Wages and salaries in
both private industry and government increased
slightly less in the third quarter than in the
second.
Farm proprietors' income decreased $7.8 billion in the third quarter after decreasing $1.6
billion in the second.
Excluding the effects of the hurricanes, farm proprietors' income decreased $4.8 billion in the third quarter.
Federal farm subsidy payments decreased $6.4 billion after increasing $0.3 billion. Excluding subsidies and the effects of
the hurricanes, farm proprietors' income swung
up, reflecting upswings in farm prices and
production.
Nonfarm proprietors' income increased $6.3
billion in the third quarter, the same as in
the second. Excluding the effects of the hurricanes, nonfarm proprietors' income was up
slightly more in the third quarter than in the
second.
Table 5.—Personal Income and Its Disposition
[Billions of dollars; seasonally adjusted at annual rates]
Level
1992:
III
1991
IV
Wage and salary disbursements
Commodity-producing industries ..
Manufacturing
Other
Distributive industries
Service industries
Government and government
enterprises
2,921.3
741.6
564.7
176.9
666.1
.946.9
Level
Change from preceding
quarter
20.6
2.7
4.9
-2.2
1.8
14.1
1992:
III
1992
I
32.6
-4.6
-4.0
-.6
8.0
21.0
II
III
23.7
20.0
-1.5
6.3
4.8
1.5
2.0
8.6
0
-1.5
3.2
13.0
566.6
2.1
8.2
6.8
5.2
Other labor income
307.9
4.4
4.2
4.4
4.3
Proprietors' income with IVA and CCAdj ..
Farm
Nonfarm
396.8
366.2
Rental income of persons with CCAdj
Personal dividend income
Personal interest income
0
141.0
666.7
-1.3
Transfer payments to persons
873.5
22.7
Less: Personal contributions for social
insurance
Personal income
Less: Personal tax and nontax
payments
Equals: Disposable personal income ....
30.7
251.3
5,056.0
628.7
10.8
8.4
2.4
3.7
1.5
1.4
61.0
3.7
15.7
2.2
4.8
-1.6
-1.6
-7.8
6.3
13.6
6.3
2.1
-.4
-18.5
7.8
2.7
-9.6
-8.5
42.9
17.0
13.8
5.3
2.5
-3.3
4.4
2.0
73.3
48.4
27.1
-2.7
-2.5
11.6
4,427.3
57.3
76.0
50.9
15.5
Less* Personal outlays
4,226.6
28.9
80.8
33.2
47.1
Equals: Personal saving
200.7
28.4
-4.8
17.7
-31.6
Addenda: Special factors in personal
income:
In wages and salaries:
Federal Government and Postal
Service pay adjustments
Work interruptions due to hurricanes
Andrew and Iniki
-.5
4.6
NOTE.-Most dollar levels are found in table 2.1 of the "Selected NIPA Tables."
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
.5
.1
-1.6
In farm proprietors' income:
Agricultural subsidy payments
Uninsured losses to residential and
business property as well as crop
losses due to hurricanes Andrew
and Iniki
Change from preceding
quarter
1991
IV
1992
I
8.7
-1.2
II
III
.3
-3.0
In nonfarm proprietors' income:
Uninsured losses to business
property due to hurricanes Andrew
and Iniki
In rental income of persons with
CCAdj:
Uninsured losses due to Oakland,
California, fire
Uninsured losses to residential and
business property due to
hurricanes Andrew and Iniki
In transfer payments to persons:
Social security retroactive payments
Cost-of-living increases in Federal
transfer payments
Emergency Unemployment
Compensation payments
Veteran's life insurance dividends ....
Earned income credit payments
Japanese-American World War II
internee payments .. .
In personal contributions for social
insurance:
Social security rate and base
changes and increase in premium
for supplementary medical
insurance . ...
-6.4
-.7
-2.1
2.1
0
0
-9.5
.9
-1.2
0
0
1.4
12.9
0
0
3.1
0
0
10.4
1.8
-1.7
0
1.5
2.8
2.8
.9
-2.0
0
0
0
-.1
0
0
0
-1.5
6 • October 1992
SURVEY OF CURRENT BUSINESS
Rental income of persons decreased $3.3 billion
in the third quarter after increasing $7.8 billion
in the second. Excluding the effects of the hurricanes, rental income increased $6.1 billion in the
third quarter. In both quarters, changes in rental
income reflected the reductions in mortgage interest payments that resulted from lower interest
rates. (Mortgage interest payments are deducted
as expenses in calculating rental income.)
Among the remaining components of personal
income, personal dividend income increased $4.4
billion in the third quarter after increasing $2.7
billion in the second; the increases followed five
consecutive quarterly decreases. Personal interest
income decreased $8.5 billion in the third quarter
after decreasing $9.6 billion in the second; the
decreases reflected lower interest rates. Transfer
payments increased somewhat less in the third
quarter than in the second.
Personal contributions for social insurance,
which are subtracted in deriving the personal income total, increased about the same amount in
both quarters.
Personal tax and nontax payments increased
$11.6 billion in the third quarter after decreasing
in the previous two quarters. The decreases in
the first and second quarters reflected a reduction in personal income tax withholding that was
implemented by executive action in March. H
Selected Personal income and
Saving Measures
Slion $;
' Peroerit'"" ';iv<l !/V
['•tO"—"
'" ' ''"'
CHANGE IN REAL DPI
1
Percenf •• • .'/•'. >"'.V 10—^^
——
PERSONAL SAVING RATE
0
1989 ;
19&Q
1991
1992
-, ;' „ .
Based on Seasonally Adjusted Annual Bales
Note.-Changes are from preceding quarter.
U.S. Department of Commerce, Bureau of Economic
Just Released! A Historical Look at the U.S. Economy
The National Income and Product Account
of the United States:
Volume 2, 1959-88
This volume presents a detailed statistical description of the U. S. economy over the last 30 years. The national income and
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and incomes. With these data, users can track long-term trends and short-term fluctuations in U.S. economic activity.
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tables. Featured NIPA estimates include:
• Gross domestic product
• Personal income and outlays
NATIONAL INCOME AND PRODUCT
ACCOUNTS Of THE UNITED STATES
Volume 1. 1959-89
• Quantity and price indexes
V
f
• Corporate profits
• Government receipts and expenditures
\
\
• Exports and imports
• Saving and investment
^
• Selected data by industry
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revisions are undertaken about every 5 years to incorporate definitional and classificational changes, statistical changes,
and new and redesigned tables.
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8
SURVEY OF CURRENT BUSINESS
October 1992
NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Third quarter 1992, advance.
The selected set of national income and product accounts (NIPA) tables shown in this section presents quar-.
terly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) Alternative
quantity and price measures are not yet available; leaders are shown for these parts.
The tables shown are available on the day of the gross domestic product (GDP) news release on printouts
and diskettes on a subscription basis or from the Commerce Department's Economic Bulletin Board. Most
shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information,
write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230,
or call (202) 523-0669.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.
Table 1.1 .—Gross Domestic Product
Table 1.2.—Gross Domestic Product in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
II
Gross domestic
product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports
Imports
Government purchases
Federal
National defense
Nondefense
State and local
1990
1992
IV
III
I
II
3,748.4 3,887.7 3,871.9 3,914.2 39429 4,022.8 4,057.1 4,105.0
464.3 446.1 441.4
453.0 450.4 469.4 470.6 481.6
1,224.5 1,251.5 1,254.2 1,255.3 1,251.4 1,274.1 1,277.5 1,290.1
2,059.7 2,190.1 2,176.3 2,205.9 2,241.1 2,279.3 2,309.0 2,333.3
799.5
721.1
710.2
732.8
736.1
722.4
773.2
776.9
793.2
577.6
201.1
731.3
541.1
180.1
732.0
545.8
185.2
732.6
538.4
175.6
726.9
528.7
169.7
738.2
531.0
170.1
765.1
550.3
170.3
761.5
544.5
163.3
376.5
215.6
360.9
190.3
360.6
186.2
362.8
194.2
358.9
198.2
360.8
207.2
380.0
214.8
381.1
217.0
6.3
3.3
3.1
-10.2
103
0
-21.8
-27.0
5.2
9.2
-1.2
-15.8
-13.3
-2.4
8.1
6.4
1.7
15.4
10.3
1.4
14.5
-5.3
-68.9
-21.8
-15.3
-27.1
-16.0
-8.1
-37.1
-37.3
557.0
625.9
598.2
620.0
594.3
609.6
602.3
629.5
622.9
638.9
628.1
636.2
625.4
662.5
626.8
664.2
447.3
323.8
123.6
643.2
449.9
325.9
124.0
640.8
447.2
321.9
125.3
646.0
440.8
314.7
126.1
649.5
445.0
313.6
131.4
658.0
444.8
311.7
133.1
664.3
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
5.1
1,043.2 1,090.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.1 1,122.5
426.4
314.0
112.4
616.8
II
III
5,522.2 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,967.1
.2
1991
1991
451.7
318.1
133.5
670.9
Gross domestic
product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports
Imoorts
Government purchases
Federal
National defense
Nondefense
State and local
4,877.5 4,821.0
4,817.1
1992
IV
III
I
II
III
4,831.8 4,838.5 4,873.7 4,892.4 4,924.5
3,260.4 3,240.8 3,239.3 3,251.2 3,249.0 3,289.3 3,288.5 3,316.1
432.3 430.0 439.0
419.4 416.1
439.3 414.7 411.3
1,056.5 1,042.4 1,046.3 1,044.8 1,035.6 1,049.6 1,045.6 1,050.0
1,797.4
1,783.7
1,807.3
1,812.9 1,827.0
1,787.0
1,781.8
1,764.6
739.1
661.1
649.5
672.0
676.9
668.9
713.6
721.2
732.9
538.1
179.1
670.4
500.2
157.6
669.8
503.0
162.2
671.4
498.7
153.0
669.3
492.1
148.4
681.4
495.8
149.4
705.9
514.7
149.1
706.4
515.1
142.0
359.0
194.8
342.6
170.2
340.8
166.9
345.8
172.6
343.7
177.3
346.4
185.6
365.6
191.2
373.1
191.4
6.2
3.7
2.5
-9.3
-9.6
7.5
1.6
11.8
-4.2
-12.6
-10.7
7.8
6.0
1.8
14.7
-1.0
.3
-20.4
-24.5
4.1
-51.8
-21.8
-17.4
-31.6
-20.5
-21.5
-43.9
-51.5
510.0
561.8
539.4
561.2
536.1
553.5
544.2
575.8
561.4
581.8
565.4
586.8
563.4
607.3
566.0
617.5
929.9
941.0
945.6
940.2
933.1
937.0
934.2
938.8
383.6
283.3
100.3
546.3
388.3
282.8
105.5
552.7
393.8
287.6
106.2
551.8
387.2
280.6
106.6
553.0
378.2
271.0
107.2
554.9
375.3
265.6
109.7
561.8
372.7
262.1
110.6
561.5
376.7
266.5
110.2
562.1
.6
-1.9
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 6.1.
9.8
5.0
SURVEY OF CURRENT BUSINESS
Table 1.3.—Gross Domestic Product by Major Type of Product
October 1992
Table 1.4.—Gross Domestic Product by Major Type of Product
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Gross domestic
product
Final sales of domestic
product
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
Services1
Structures
Seasonally adjusted at annual rates
1992
IV
III
I
II
5,515.9 5,687.7 5,679.4 5,712.9 5,744.2 5,855.9 5,894.1 5,951.7
6.3
-10.2
-21.8
.2
9.2
-15.8
8.1
15.4
2,166.4 2,182.5 2,179.1 2,195.1 2,197.6 2,217.8 2,241.3 2,265.5
2,160.0 2,192.7 2,200.9 2,194.9 2,188.4 2,233.6 2,233.2 2,250.2
6.3
919.7
920.6
-.9
-10.2
-21.8
.2
9.2
888.4
907.6
890.2
916.8
903.8
910.8
897.6
905.7
-19.2
-26.5
-7.0
-8.1
-15.8
904.3
923.6
-19.3
8.1
15.4
941.8
932.3
943.2
939.4
9.5
3.9
1,246.7 1,294.1 1,288.9 1,291.3 1,300.0 1,313.5 1,299.5 1,322.3
1,239.5 1,285.1 1,284.1 1,284.1 1,282.7 1,310.0 1,300.8 1,310.8
7.2
9.0
4.8
7.2
17.3
3.5
-1.4
11.5
2,846.4 3,030.2 3,013.8 3,053.6 3,090.3 3,142.2 3,173.4 3,218.1
509.4
464.7
464.7
464.4
465.5
480.1
II
ill
55222 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,967.1
483.4
487.6
1991
1991
1990
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services 1
Structures .
1992
IV
III
I
II
III
4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,924.5
4,871.3 4,830.3 4,837.4 4,831.2 4,830.9 4,886.3 4,884.6 4,909.8
6.2
-9.3
.6
-20.4
7.5
-12.6
7.8
14.7
1,956.8 1,911.2 1,907.6 1,918.3 1,915.7 1,924.0 1,936.7 1,961.0
1,950.7 1,920.5 1,928.0 1,917.7 1,908.2 1,936.6 1,929.0 1,946.3
6.2
880.3
881.0
-.7
-9.3
-20.4
.6
7.5
834.1
851.6
836.3
860.2
845.3
851.7
839.4
846.8
-17.5
-24.0
-6.4
-7.4
-12.6
842.4
859.6
-17.3
7.8
14.7
874.2
865.7
881.3
877.2
8.6
4.1
1,076.6 1,077.1 1,071.4 1,073.0 1,076.3 1,081.7 1,062.5 1,079.7
1,069.7 1,069.0 1,067.8 1,066.0 71,061.3 1,077.0 1,063.3 1,069.1
6.9
8.2
7.0
3.6
15.0
4.7
-.8
10.6
2,463.0 2,497.6 2,497.3 2,503.7 2,509.0 2,520.1 2,522.4 2,537.8
457.7
412.2
412.1
409.8
413.7
429.5
433.3
425.6
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
;
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars
[Billions of dollars]
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Grossl domestic
purchases
Less: Change in business
inventories
Equals: Final sales to 2
domestic purchasers
5,522.2
[Billions of 1987 dollars]
5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,967.1
5570
5982
5943
6023
6229
6281
6254
6268
625.9
620.0
609.6
629.5
638.9
636.2
662.5
664.2
5,591.1 5,699.3 5,672.9 5,740.3 5,769.3 5,848.3 5,939.4 6,004.4
6.3
-102
-21 8
2
92
-158
81
154
5,584.8 5,709.5 5,694.7 5,740.1 5,760.1 5,864.1 5,931.3 5,989.0
1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases *
Less: Change in business
inventories
Equals: Final sales to 2
domestic purchasers
4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,924.5
5100
539 4
5361
5442
561 4
5654
5634
5660
561 8
5612
5535
575.8
581.8
586.8
607.3
617.5
4,929 3 4,842.8 4,834.4 4,863.4 4,858.9 4,895.2 4,936.3 4,976.0
62
-93
6
-204
75
-126
147
78
4,923.1 4,852.1 4,854.8 4,862.8 4,851.4 4,907.7 4,928.5 4,961.3
1. Purchases by U.S. residents of goods and: services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.7.—Gross Domestic Product by Sector
Table 1.8.—Gross Domestic Product by Sector in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Gross domestic
product
Business
Nonfarm
Nonfarm less housing ....
Housina
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing
. IWMWMig
55222 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,967.1
4,702.8 4,803.8 4,786.7 4,835.2 4,867.2 4,937.4 4,988.6 5,043.9
4,612.4 4,702.8 4,677.1 4,725.5 4,772.9 4,826.9 4,877.6 4,931.4
4,162.8 4,229.8 4,207.3 4,251.4 4,289.5 4,341.1 4,386.9 4,409.9
4834 4858 4907 521.5
4496 4730 4698 4741
5.4
79.1
21.9
82.5
27.1
79.2
30.5
77.9
16.4
81.6
29.0
80.1
30.9
81.6
30.9
227.8
246.1
244.1
249.3
253.5
258.3
261.5
264.8
9.4
218.4
9.2
236.9
9.2
234.8
9.2
240.0
9.3
244.2
9.4
248.9
9.6
251.9
9.7
255.1
591.6
627.6
626.8
628.7
632.7
644.4
652.2
658.4
180.3
411.4
192.0
435.6
192.4
434.5
191.3
437.4
191.1
441.6
198.2
446.2
198.7
453.5
198.9
459.5
85.0
4,248.7 4,326.3
Gross domestic
product
Business
Nonfarm
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing
4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,924.5
4,170.1 4,103.9 4,098.3 4,116.1 4,123.1 4,156.8 4,174.4 4,203.8
4,094.7 4,015.8 4,007.1 4,021.6 4,036.3 4,058.8 4,076.1 4,104.8
3,704.3 3,621.0 3,612.6 3,626.1 3,640.3 3,661.1 3,677.0 3,704.8
400.0
390.4 394.9 394.5 395.5 396.0 397.6 399.1
725
728
732
685
736
705
694
680
24.4
26.0
13.9
25.9
25.8
23.2
18.7
4.9
197.7
202.4
201.9
203.1
204.8
206.7
206.7
209.0
8.8
188.8
8.2
194.2
8.3
193.5
8.3
184.9
8.2
196.6
8.3
198.4
8.4
198.3
8.4
200.6
509.8
514.7
516.9
512.6
510.6
510.3
511.3
511.7
1563
1571
1586
1534
1525
3535
3575
3583
1555
3571
3573
3577
151 8
359.5
151 1
3606
37758 37052
SURVEY OF CURRENT BUSINESS
1O • October 1992
Table 1.9.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, National Income, and Personal
Income
Table 1.10.—Relation of Gross Domestic Product, Gross Nationall
Product, Net National Product, and National Income in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world l
Less: Payments of factor
income to the rest of the
world2
Equals: Gross national
product
Less: Consumption of fixed
capital
Capital
consumption
allowances
Less: Capital
consumption
adjustment
Equals: Net national product
Less: Indirect business tax
and nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments
Net interest
Contributions for
social insurance
Wage accruals less
disbursements
Plus: Personal interest income
Personal dividend
income
Government transfer
payments to
persons
Business transfer
payments to
persons
Equals: Personal income
Addenda:
Net domestic product
Domestic income
Gross national income
5,522.2 5,677.5
III
5,657.6
Seasonally adjusted at annual rates
1990
1992
IV
I
II
II
5,713.1 5,753.3 5,840.2 5,902.2 5,967.1
160.6
143.5
143.2
137.8
133.1
132.9
131.3
139.9
126.0
126.5
124.5
122.3
113.3
124.3
5,542.9 5,694.9 5,674.3 5,726.4 5,764.1 5,859.8 5,909.3
602.8
626.1
623.5
624.9
637.1
631.4
638.2
697.3
566.2
574.2
568.5
576.4
588.2
598.0
608.9
642.8
-36.6
-51.9
-54.9
-48.5
-48.8
-33.5
-29.3
-54.5
4,940.1 5,068.8 5,050.9 5,101.5 5,127.0 5,228.3 5,271.1
444.2
475.2
468.2
480.0
487.9
493.8
497.6
506.1
26.4
28.1
21.9
27.9
27.1
28.4
30.5
28.6
16.4
29.4
29.0
29.8
30.9
30.0
5.4
4.2
•5
1.6
-7.1
5.1
3.2
3.6
-3.6
346.3
449.5
347.3
444.4
341.2
347.1
460.7
450.5
446.9
384.0
430.0
388.4
420.0
502.3
528.8
526.5
532.1
535.2
546.2
550.8
.1
694.5
-.1
700.6
-.4
696.2
0
701.8
703.3
684.8
675.2
666.7
140.3
137.0
136.7
135.6
134.3
133.9
136.6
141.0
664.6
748.3
739.8
754.0
776.5
818.6
835.3
848.7
21.2
22.8
22.6
23.1
23.3
24.1
24.4
24.8
0
0
0
553.9
1992
IV
I
II
III
4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,924.5
141.1
120.8
120.9
115.4
110.8
109.7
107.6
122.6
105.4
106.2
103.6
101.0
92.7
101.0
4,895.9 4,836.4 4,831.8 4,843.7 4,848.2 4,890.7 4,899.1
554.9
569.3
565.8
569.6
579.1
576.4
578.0
628.2
4,341.0 4,267.2 4,266.0 4,274.1 4,269.1 4,314.3 4,321.1
396.5
4.9
391.6
18.7
393.1
23.2
394.3
26.0
391.3
13.9
396.3
24.4
399.5
25.9
402.0
3,939.7 3,856.9 3,849.6 3,853.8 3,863.9 3,893.6 3,895.8
4,322.6 4,251.7 4,251.2 4,262.3 4,259.4 4,297.3 4,314.4 4,296.3
3,921.2 3,841.5 3,834.9 3,842.0 3,854.2 3,876.6 3,889.1
4,891.0 4,817.8 4,808.6 4,817.7 4,834.3 4,866.3 4,873.2
Table 1.11.—Command-Basis Gross National Product in Constant
Dollars
[Billions of 1987 dollars]
0
4,664.2 4,828.3 4,806.9 4,846.2 4,907.2 4,980.5 5,028.9 5,056.0
4,919.4 5,051.4 5,034.2 5,088.2 5,116.3 5,208.7 5,264.1 5,269.7
4,447.6 4,526.7 4,512.5 4,542.2 4,588.4 4,659.8 4,709.5
5,537.5 5,673.1 5,647.2 5,695.9 5,747.7 5,830.8 5,878.4
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world l
Less: Payments of factor
income2 to the rest of the
world
Equals: Gross national
product
Less: Consumption of fixed
capital
Equals: Net national product
Less: Indirect business tax
and nontax liability plus
business transfer payments
less subsidies plus current
surplus of government
enterprises
Statistical discrepancy
Equals: National income
Addenda:
Net domestic product
Domestic income
Gross national income
III
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
4,468.3 4,544.2 4,529.2 4,555.4 4,599.1 4,679.4 4,716.5
361.7
1991
1991
III
Gross national product
Less: Exports of goods and
services and receipts of
factor income from the rest
of the world
Plus: Command-basis exports
of goods and services and
receipts of factor income l
Equals: Command-basis
gross national product ....
Addendum:
Terms of trade2
4,895.9 4,836.4 4,831.8 4,843.7 4,848.2 4,890.7 4,899.1
651 0
660.2
6570
659.6
672.2
675.0
671.0
641.4
662.8
660.9
666.8
678.2
689.9
681.2
4,886.3 4,838.9 4,835.7 4,850.9 4,854.2 4,905.6 4,909.2
98.5
100.4
100.6
101.1
100.9
102.2
101.5
1. Exports of goods and services and receipts of factor income deflated by the implicit price deflator for
imports of goods and services and payments of factor income.
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
corresponding implicit price deflator for imports with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
October 1992 • 11
SURVEY OF CURRENT BUSINESS
Table 1.14.—National Income by Type of Income
Table 1.16.—Gross Domestic Product of Corporate Business in
Current Dollars and Gross Domestic Product of Nonfinancial
Corporate Business in Current and Constant Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
III
Seasonally adjusted at annual rates
1992
I
IV
II
1990
III
1991
National income
ill
Supplements to wages and
salaries
Employer contributions
for social insurance ...
Other labor income
Proprietors' income with
IVA and CCAdj
Farm
Proprietors' income with
IVA
CCAdj
Nonfarm
Proprietors' income
IVA
CCAdj
Rental income of persons
with CCAdj
Rental income of persons ..
CCAdj
Corporate profits with IVA
and CCAdj
Corporate profits with IVA ..
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
IVA
2,742.9 2,812.2 2,804.3 2,824.4 2,845.0 2,877.6 2,901.3 2,921.3
514.8 543.5 543.4 544.3 546.4 554.6 561.4 566.6
2,228.0 2,268.7 2,260.9 2,280.0 2,298.6 2,323.0 2,339.9 2,354.7
548.4
578.7
575.2
582.6
588.7
598.7
605.0
610.5
277.4
271.0
290.4
288.3
289.1
286.1
292.0
290.6
293.7
295.0
299.4
299.2
301.5
303.6
302.6
307.9
366.9
368.0
370.4
367.1
377.9
393.6
398.4
396.8
41.7
35.8
41.3
29.5
37.9
40.1
38.5
30.7
49.5
-7.8
43.4
-7.6
48.9
-7.6
37.1
-7.6
45.4
-7.5
47.5
-7.4
45.8
-7.3
38.9
-8.2
325.2
310.0
-.8
332.2
318.7
-.3
329.1
316.5
-.3
337.6
322.4
-.5
340.0
325.6
-.1
353.6
339.1
-.8
359.9
344.8
366.2
350.5
-.6
16.0
13.8
12.9
15.6
14.4
15.2
-12.3
-10.4
-12.3
-10.3
-6.6
-4.5
44.6
47.5
44.3
47.0
54.7
51.7
60.0
84.0
-56.9
-57.9
-56.6
-57.3
-61.3
-56.2
-56.6
-84.0
361.7
346.3
347.3
341.2
347.1
384.0
388.4
341.2
355.4
136.7
218.7
149.3
337.8
334.7
124.0
210.7
146.5
342.2
332.3
122.9
209.4
146.2
331.9
336.7
127.0
209.6
145.1
333.1
332.3
125.0
207.4
143.9
360.7
366.1
136.4
229.7
143.6
361.4
376.8
144.1
232.7
146.6 ""151.2
69.4
64.2
63.2
64.5
-4.8
63.4
86.2
-5.4
-14.2
CCAdj
20.5
Net interest
460.7
Addenda:
Corporate profits after tax
with IVA and CCAdj
Net cash flow with IVA
andCAdj
Undistributed profits
with IVA and CCAdj
Consumption of fixed
capital
Less- IVA
Equals: Net cash flow ....
I
II
III
3.1
9.9
8.4
5.1
9.3
449.5
444.4
450.5
.7
-1.0
16.1
3.3
16.2
0
86.1
-155
-11.1
30,0
14.1
23.3
27.0
446.9
430.0
420.0
Billions of dollars
Gross domestic
product of corporate
business
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
Gross domestic
product of financial
corporate business ..
222.3
224.4
214.2
222.2
247.6
244.3
444.0
458.8
460.6
452.5
464.6
490.1
488.9
75.7
75.8
78.1
69.0
78.3
104.0
97.7
368.3
-14.2
458.1
383.0
3.1
455.6
382.5
9.9
450.7
383.5
-4.8
457.3
386.3
.7
463.9
386.1
-5.4
495.6
391.2
-15.5
504.3
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
406.9
-11.1
368.3
383.0
382.5
383.5
386.3
386.1
391.2
406.9
2,940.0 2,969.2 2,957.6 2,982.3 3,005.1 3,051.2 3,080.2
318.8
342.2
336.4
346.8
351.5
355.7
357.5
363.8
271.8
278.4
277.4
281.4
280.4
299.2
292.5
Gross domestic
product of
nonfinancial
corporate business .. 3,036.5 3,073.8 3,062.7 3,084.4 3,111.1 3,138.1 3,178.8
Net domestic product
225.1
3,308.3 3,352.2 3,340.1 3,365.8 3,391.5 3,437.3 3,471.4
2,621.2 2,627.0 2,621.3 2,635.5 2,653.7 2,695.5 2,722.7
Domestic income
Compensation of
2,182.8 2,219.5 2,212.4 2,230.3 2,245.7 2,261.4 2,277.8 2,290.4
employees
Wages and salaries ... 1,833.9 1,855.8 1,850.7 1,863.3 1,874.9 1,890.6 1,903.1 1,912.8
Supplements to wages
348.9 363.7 361.7 367.0 370.9 370.8 374.7 377.6
and salaries
Corporate profits with
296.0 279.8 280.9 279.3 284.2 315.3 327.4
IVA and CCAdj
289.7 268.2 265.9 274.7 269.4 297.4 315.9
Profits before tax
1441
1250
1229
1367
Profits tax liability
1364
1270
1240
Profits after tax
161.0 171.7
153.0 144.2 143.1 147.7 144.5
126.7 123.6 131.9 116.6 122.3
128.3
129.3
Dividends
Undistributed
49.5
44.4
12.6
24.1
16.4
23.7
15.9
profits
-ii.i
-5.4
-15.5
.7
9.9
-14.2
-4.8
3.1
IVA
14.1
8.4
27.0
23.3
9.3
5.1
20.5
30.0
CCAdj
118.7
142.4 127.7 127.9
117.5
125.9 123.7
Net interest
Consumption of fixed capital ..
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
IV
4,468.3 4,544.2 4,529.2 4,555.4 4,599.1 4,679.4 4,716.5
Compensation of employees 3,291.2 3,390.8 3,379.6 3,407.0 3,433.8 3,476.3 3,506.3 3,531.8
Wages and salaries
Government
Other
1992
1991
II
329.3
341.2
341.0
341.5
343.5
342.7
347.6
363.0
2,707.2 2,732.6 2,721.7 2,742.9 2,767.5 2,795.4 2,831.3
290.9
310.8
305.5
314.7
318.7
322.6
324.1
330.0
2,416.3 2,421.8 2,416.2 2,428.2 2,448.8 2,472.8 2,507.1
Domestic income
Compensation of
2,019.0 2,048.6 2,042.0 2,058.6 2,071.8 2,081.0 2,096.4 2,106.3
employees
Wages and salaries ... 1,695.1 1,711.3 1,706.6 1,718.2 1,727.9 1,738.0 1,749.7 1,757.3
Supplements to wages
323.9 337.3 335.4 340.5 343.9 343.0 346.6 349.0
and salaries
Corporate profits with
IVA and CCAdj
248.3 229.9 231.4 226.5 235.3 255.7 276.2
Profits before tax
232.9 207.3 205.2 211.2 209.7 227.3 254.5
90.2
82.1
83.3
92.8
Profits tax liability ..
100.8
80.3
81.1
137.1
140.2 126.2
Profits after tax
153.7
124.9 127.9 127.6
113.4
118.5
Dividends
117.3 115.5 113.9 120.9 107.1
Undistributed
14.1
40.4
6.7
9.3
21.6
profits
30.1
8.8
-5.4
.7
-4.8
9.9
-14.2
IVA
-15.5 "-iT'i
3.1
16.2
19.4
37.1
39.7
33.8
24.8
20.1
29.5
CCAdj
143.4 142.9 143.0 141.7
149.0
Net interest
136.0 134.6
Billions of 1987 dollars
Gross domestic
product of
nonfinancial
corporate business .. 2,740.0 2,698.0 2,687.4 2,699.1 2,722.0 2,737.6 2,760.8
314.0
Consumption of fixed capital .. 303.4 309.5 308.5 310.2 312.0 313.2
2,436.6 2,388.5 2,378.9 2,389.0 2,410.0 2,424.3 2,446.9
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
253.2 249.0 248.8 251.0
249.5 252.6 254.8
payments less subsidies
2,183.4 2,139.6 2,130.1 2,138.0 2,160.5 2,171.8 2,192.0
Domestic income
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
326.8
256.5
SURVEY OF CURRENT BUSINESS
12 • October 1992
Table 2.1 .—Personal Income and Its Disposition
[Billions of dollars]
Table 2.2.—Personal Consumption Expenditures by Major Type of
Product
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Personal income
Wage and salary
disbursements
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
Rental income of persons
with capital
consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to
persons
Old-age, survivors,
disability, and health
insurance benefits
Government
unemployment
insurance benefits
Veterans benefits
Government employees
retirement benefits
Other transfer payments
Aid to families with
dependent children
Other
Less: Personal
contributions for social
insurance
Less: Personal tax and
nontax payments
Equals: Disposable personal
I
IV
III
Seasonally adjusted at annual rates
1992
II
1990
III
II
2,742.8 2,812.2 2,804.7 2,824.4 2,845.0 2,877.6 2,901.3 2,921.3
745.6
556.1
634.6
847.8
514.8
737.4
556.9
647.4
883.9
543.6
734.6
553.4
647.0
879.4
543.8
738.8
559.0
651.1
890.2
544.3
741.5
563.9
652.9
904.3
546.4
736.8
559.9
660.9
925.3
554.6
743.1
564.7
662.9
933.9
561.4
741.6
564.7
666.1
946.9
566.6
271.0
288.3
286.1
290.6
295.0
299.2
303.6
307.9
366.9
368.0
370.4
367.1
377.9
393.6
398.4
396.8
41.7
35.8
41.3
29.5
37.9
40.1
38.5
30.7
325.2
332.2
329.1
337.6
340.0
353.6
359.9
366.2
-12.3
-10.4
-12.3
-10.3
-6.6
-4.5
3.3
0
140.3
137.0
136.7
135.6
134.3
133.9
136.6
141.0
694.5
700.6
696.2
701.8
703.3
684.8
675.2
666.7
685.8
771.1
762.4
777.1
799.8
842.7
859.7
873.5
352.0
382.0
378.9
384.2
390.6
405.7
412.1
417.1
18.0
17.8
27.5
18.1
28.3
18.5
27.6
18.1
30.0
18.1
39.7
20.2
41.7
18.7
40.2
18.5
94.0
203.9
101.3
242.1
100.4
236.3
101.0
246.1
102.0
259.1
106.4
270.7
106.4
280.8
106.6
291.1
19.8
22.0
21.8
22.2
22.7
23.0
23.4
23.5
184.2
220.2
214.6
224.0
236.4
247.7
257.4
267.6
224.8
238.4
237.4
240.1
241.5
246.8
249.3
251.3
621.3
618.7
617.2
618.6
622.3
619.6
617.1
628.7
3,867.3 4,009.9 3,994.4 4,036.6 4,065.5 4,146.3 4,179.5 4,226.6
3,748.4 3,887.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1 4,105.0
112.7
112.8 113.3 112.0 111.3
109.6
112.5
112.5
9.3
9.7
9.8
9.9
9.7
10.2
10.4
10.3
175.6
199.6
195.3
191.0
219.4
214.6
232.3
200.7
3,516.5 3,509.0 3,505.2 3,511.5 3,530.8 3,565.7 3,576.0 3,576.4
16,174 16,658 16,604 16,706 16,885 17,143 17,297 17,308
14,068 13,886 13,891 13,876 13,913 14,017 14,021 13,982
250.0
252.7
252.3
253.1
253.8
254.4
255.1
255.8
4.3
4.7
4.7
4.5
5.1
4.9
5.3
4.5
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
III
1992
IV
I
II
III
4,664.2 4,828.3 4,806.9 4,846.2 4,907.2 4,980.5 5,028.9 5,056.0
4,042.9 4,209.6 4,189.7 4,227.6 4,284.9 4,360.9 4,411.8 4,427.3
Less: Personal outlays
Personal consumption
expenditures
.. ..
Interest paid by persons ....
Personal transfer payments
to rest of the world (net)
Equals: Personal saving
}
Addenda:
Disposable personal
income:
Total, billions of 1987
dollars
Per capita:
Current dollars
1987 dollars
Population (mid-period,
millions)
Personal saving as
percentage of
disposable personal
income
1991
1991
Personal consumption
expenditures
Durable goods
Motor vehicles and parts ....
Furniture and household
eouioment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other
3,748.4 3,887.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1 4,105.0
464.3
446.1
441.4
453.0
450.4
469.4
470.6
481.6
202.4
185.4
180.7
189.3
190.9
198.9
200.7
200.6
172.1
170.4
171.5
172.2
168.9
176.3
176.3
182.3
89.8
90.2
89.3
91.5
90.6
94.1
93.5
98.7
1,224.5 1,251.5 1,254.2 1,255.3 1,251.4 1,274.1 1,277.5 1,290.1
601.4
206.9
108.5
617.7
209.0
105.5
619.2
210.8
105.5
617.9
212.0
104.7
620.0
206.8
103.5
627.9
216.5
102.8
623.2
217.4
105.4
623.0
224.7
108.6
12.6
11.7
11.4
11.8
11.3
11.6
13.8
12.5
295.1
307.7
307.3
308.9
309.8
315.4
317.7
321.3
2,059.7 2,190.1 2,176.3 2,205.9 2,241.1 2,279.3 2,309.0 2,333.3
97.6
574.0
223.7
103.6
571.5
224.8
104.4
576.5
226.1
104.6
583.0
225.5
105.2
590.9
223.5
101.8
597.4
227.9
104.2
603.6
225.2
105.3
117.4
142.8
524.9
629.5
120.1
147.3
580.2
664.9
120.3
146.2
572.5
661.3
121.5
148.2
586.3
668.9
120.3
149.8
603.2
679.6
121.8
152.6
614.8
697.5
123.6
152.5
629.0
702.2
119.8
153.1
641.9
709.6
547.5
215.0
Table 2.3.—Personal Consumption Expenditures by Major Type of
Product in Constant Dollars
[Billions of 1987 dollars]
Personal consumption
expenditures
Durable goods
Motor vehicles and parts ....
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household
opearation
Transportation
Medical care
Other
3,260.4 3,240.8 3,239.3 3,251.2 3,249.0 3,289.3 3,288.5 3,316.1
439.0
439.3
414.7
411.3
419.4
416.1
432.3
430.0
192.2
171.0
167.2
173.3
174.0
181.5
180.2
178.0
169.5
168.6
169.3
170.4
167.9
174.4
174.4
181.5
77.6
75.0
74.8
75.7
74.2
76.5
75.4
79.5
1,056.5 1,042.4 1,046.3 1,044.8 1,035.6 1,049.6 1,045.6 1,050.0
520.8
185.9
864
10.1
253.4
515.8
181.3
852
9.7
250.5
516.3
183.2
860
9.8
251.0
515.0
183.7
860
515.3
177.5
518.9
184.1
513.5
184.4
510.8
191.1
84.7
10.0
9.4
248.6
85.7
10.2
85.8
12.0
86.6
10.5
250.7
249.8
251.0
250.0
1,764.6 1,783.7 1,781.8 1,787.0 1,797.4 1,807.3 1,812.9 1,827.0
4747
203.7
4782
204.7
4798
204.6
481 2
201.6
4833
204.2
4860
204.8
95.2
4779
206.5
N 96.6
4788
206.5
92.4
96.3
95.6
92.9
94.5
94.5
111.3
124.7
4239
5376
109.6
121.2
4388
5407
109.9
121.5
•435 6
5402
110.2
121.2
4405
109.0
121.0
4472
5448
108.7
120.3
4496
5546
109.7
121.3
4537
5505
110.3
124.5
4579
5538
5401
SURVEY OF CURRENT BUSINESS
October 1992
Table 3.2.—Federal Government Receipts and Expenditures
Table 3.3.—State and Local Government Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
II
Receipts
Personal tax and nontax
receipts
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Federal Reserve banks
Other
Indirect business tax and
nontax accruals
Excise taxes
Customs duties
Nontaxes
Contributions for social
insurance
Expenditures
Purchases
National defense
Nondefense
Transfer payments (net)
To persons
To rest of the world (net) ...
Grants-in-aid to State and
local governments
Net interest paid
Interest paid
To persons and business
To rest of the world (net)
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
IV
III
1990
1992
II
I
482.6
470.1
473.4
461.4
473.1
461.6
473.4
460.6
472.2
460.5
468.4
456.4
464.2
452.3
475.5
462.9
11.6
11.0
10.6
11.8
10.7
10.9
10.8
11.5
.9
1.0
1.0
1.0
1.1
1.1
1.1
113.9
102.5
101.6
104.9
103.3
112.2
118.3
23.6
90.3
20.8
81.7
20.8
80.8
20.5
84.4
20.3
83.0
19.3
92.9
19.0
99.3
66.0
36.3
17.5
12.2
78.2
45.6
17.2
15.3
76.3
45.6
16.1
14.6
78.3
45.6
17.1
15.6
80.8
45.7
18.9
16.2
79.2
46.0
17.1
16.1
79.8
46.1
17.9
15.8
81.4
46.6
18.8
16.0
444.9
468.2
466.3
471.1
473.2
483.5
487.4
489.8
1.1
1,273.6 1,332.7 1,329.4 1,348.7 1,388.1 1,432.5 1,452.7 1,449.5
426.4
314.0
112.4
447.3
323.8
123.6
449.9
325.9
124.0
447.2
321.9
125.3
440.8
314.7
126.1
445.0
313.6
131.4
444.8
311.7
133.1
451.7
318.1
133.5
513.3
499.9
514.8
546.6
-31.8
545.5
551.7
619.5
605.9
620.8
610.1
-6.2
565.9
564.7
1.3
609.8
597.8
13.4
521.9
550.2
-28.3
12.0
13.6
10.8
132.3
153.3
151.9
153.4
163.6
165.1
174.1
170.0
176.6
209.2
171.4
186.9
220.9
181.9
188.1
221.1
182.3
186.8
221.3
181.9
190.1
223.2
185.0
186.8
220.3
182.0
187.5
221.9
183.1
187.1
221.2
183.6
37.9
39.0
38.9
39.4
38.2
38.2
38.9
37.6
32.6
34.0
33.0
34.6
33.2
33.4
34.5
34.0
25.1
27.5
23.1
29.1
24.4
31.2
15.7
22.0
27.7
33.4
25.7
30.9
26.9
31.6
19.9
24.5
2.4
6.0
6.8
6.3
5.7
5.2
4.7
4.6
.1
-.1
-.4
0
0
0
0
0
-166.2 -210.4 -212.2 -221.0 -258.7 -289.2 -302.9
50.1
50.5
52.2
46.2
28.5
28,4
-230.2 -260.6 -262.7 -273.2 -304.8 -317.6 -331.3
29.9
Receipts
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Sales taxes
Property taxes
Other
Contributions for social
insurance
Federal grants-in-aid
Expenditures
Purchases
Compensation of
employees
Other
Transfer payments to persons
Net interest paid
Interest paid ....
Less: Interest received by
government
Less: Dividendsl received by
government
Subsidies less current surplus
of government enterprises .
CnhciHipQ
Less: Current surplus of
government enterprises ..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
1992
1991
II
III
1,107.4 1,122.2 1,117.3 1,127.7 1,129.4 1,143.3 1,149.8
64.0
1991
II
I
IV
III
III
729.3
777.9
769.3
783.5
804.6
817.8
834.0
138.7
106.0
145.4
110.3
144.1
109.5
145.2
109.9
150.1
114.2
151.1
114.6
152.9
115.8
153.2
115.6
15.5
17.2
16.7
18.4
16.5
18.1
16.8
18.5
17.1
18.8
17.4
19.1
17.7
19.4
18.0
19.6
22.7
21.5
21.3
22.1
21.7
24.2
25.8
378.2
183.5
155.4
397.0
189.0
167.7
391.9
186.2
166.2
401.7
192.3
169.3
407.1
192.9
172.4
414.6
197.3
175.6
417.8
198.5
178.9
424.7
201.4
182.3
39.4
40.4
39.5
40.1
41.8
41.7
40.4
41.0
57.3
60.6
60.2
61.0
62.0
62.7
63.4
64.1
132.3
153.3
151.9
153.4
163.6
165.1
174.1
170.0
699.2
760.7
752.8
768.1
782.5
801.2
816.3
832.5
616.8
643.2
640.8
646.0
649.5
658.0
664.3
670.9
411.4
205.4
435.6
207.6
434.5
206.4
437.4
208.6
441.6
207.9
446.2
211.8
453.5
210.8
459.5
211.4
164.7
198.0
193.2
202.3
211.8
220.8
229.4
238.6
-52.4
-48.4
-49.0
-47.9
-46.6
-45.4
-44.3
-43.3
60.7
63.7
63.4
64.1
64.8
65.4
66.1
66.8
113.1
112.1
112.4
112.0
111.3
110.8
110.4
110.1
9.0
9.5
9.5
9.5
9.6
9.7
10.0
10.1
-20.9
.4
-22.6
.4
-22.8
.4
-22.9
-22.6
-22.5
-23.2
-23.6
21.3
23.0
23.2
23.2
23.0
22.9
23.6
24.0
0
0
0
0
0
0
0
0
30.1
17.1
16.5
15.4
22.0
16.6
17.7
63.0
60.3
60.7
59.9
59.4
58.4
58.0
-32.9
-43.1
-44.1
-44.5
-37.3
-41.8
-40.3
57.3
SURVEY OF CURRENT BUSINESS
14 • October 1992
Table 3.7B.—Government Purchases by Type
Table 3.8B.—Government Purchases by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Government purchases
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures
IV
III
Seasonally adjusted at annual rates
1990
1992
II
I
II
III
1,043.2 1,090.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.1 1,122.5
426.4
447.3
449.9
447.2
440.8
445.0
444.8
451.7
314.0
323.8
325.9
321.9
314.7
313.6
311.7
318.1
84.2
11.8
84.1
12.2
86.2
11.2
82.7
11.2
80.2
12.5
79.5
10.3
76.7
12.1
81.0
11.0
211.8
222.5
223.3
223.7
217.1
218.7
216.8
220.5
125.5
132.6
133.0
131.3
130.9
135.2
135.2
135.2
82.9
42.5
86.4
88.6
44.0
90.0
89.2
43.8
90.3
87.5
43.8
92.4
86.5
44.4
86.2
88.9
46.3
83.4
88.4
46.8
81.6
88.2
47.0
85.3
6.3
4.9
5.2
4.3
4.9
5.2
6.0
5.7
112.4
5.9
5.1
123.6
6.8
7.0
124.0
7.1
8.0
125.3
7.0
7.0
126.1
7.0
5.3
131.4
7.2
7.1
133.1
7.4
8.0
133.5
7.2
9.5
-1.7
1.3
6.6
99.5
-.3
7.3
102.1
-2.0
93.4
.4
6.6
100.4
7.4
102.9
-.7
7.9
106.2
-.2
8.2
107.2
1.5
8.1
106.6
54.8
38.6
59.4
41.0
59.4
40.1
60.0
42.1
6.8
8.0
9.4
9.5
9.2
60.2
42.7
10.8
62.9
43.2
10.9
63.5
43.7
10.4
63.8
42.8
10.2
616.8
643.2
640.8
646.0
649.5
658.0
664.3
670.9
34.9
56.0
36.4
58.0
36.3
57.7
36.4
57.9
36.7
57.8
36.8
57.3
37.0
58.7
37.0
59.0
440.6
462.1
461.6
463.8
466.6
470.4
475.7
480.6
411.4
435.6
434.5
437.4
441.6
446.2
26.6
86.7
27.1
85.3
26.5
87.8
25.0
88.4
24.2
93.5
453.5
222
459.5
29.2
85.3
92.9
1991
1991
21.1
94.2
1992
IV
III
II
I
III
929.9
941.0
945.6
940.2
933.1
937.0
934.2
938.8
383.6
388.3
393.8
387.2
378.2
375.3
372.7
376.7
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
283.3
282.8
287.6
280.6
271.0
265.6
262.1
266.5
80.3
78.6
10.4
80.7
77.5
10.0
74.7
10.8
74.1
71.5
11.0
75.7
189.5
5.4
4.2
4.4
3.6
.76.6
4.3
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
100.3
5.7
5.2
105.5
6.8
6.5
106.2
7.0
7.4
106.6
7.1
6.3
107.2
7.2
5.4
.7
5.9
1.5
5.9
_ -j
6.5
Government purchases
Federal
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures
9.3
188.3
189.6
9.9
192.5
108.8
108.6
110.0
72.2
36.6
79.5
72.9
35.7
81.0
74.5
35.5
82.5
-1.0
6.2
181.1
9.7
177.2
174.5
9.6
176.3
106.6
104.6
103.5
102.5
101.8
71.2
35.4
82.9
69.0
35.6
67.8
35.7
73.7
66.6
35.9
72.0
65.9
35.9
74.5
-1.2
6.6
4.5
5.1
4.9
109.7
7.5
6.9
110.6
7.8
7.4
110.2
7.7
8.1
-.1
7.0
.1
7.3
83.9
83.4
85.1
85.1
85.6
86.3
85.5
47.5
34.8
48.6
35.4
48.6
34.9
48.9
36.2
48.8
36.3
49.3
36.2
49.0
36.5
49.3
36.9
7.2
8.2
8.3
8.1
9.5
9.7
9.2
8.9
546.3
552.7
551.8
553.0
554.9
561.8
561.5
562.1
322
48.4
32.7
50.3
32.7
50.3
32.8
50.4
32.8
50.5
32.7
50.5
32.7
50.6
32.6
50.5
387.8
391.3
392.1
390.9
391.1
391.6
392.9
393.6
353.5
357.5
358.3
357.1
357.3
357.7
359.5
360.6
34.4
77.8
33.8
78.3
33.8
76.7
33.8
78.9
33.8
80.6
33.9
86.9
33.4
85.2
33.0
85.2
Table 3.10—National Defense Purchases
Table 3.11.—National Defense Purchases in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
National defense
purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods ....
Services . .
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support l
Weapons support2
Personnel support3
Transportation of
material
Travel of persons
Other .
Structures
Military facilities
Other
314.0
323.8
325.9
321.9
314.7
313.6
311.7
318.1
84.2
84.1
86.2
82.7
80.2
79.5
76.7
81.0
795
290
781
270
799
278
767
271
740
257
735
231
71 3
227
748
228
15.0
16.4
15.9
15.8
16.3
15.8
15.7
17.7
125
4.5
7.1
121
47
6.7
125
5.6
7.5
126
4.9
6.1
120
3.8
6.2
11 2
4.3
6.5
11 3
4.1
6.2
112
5.0
6.0
11.4
11.2
10.6
10.1
10.1
12.5
11.3
12.1
4.6
11.8
5.3
34
3.0
211.8
1255
82.9
42.5
86.4
6.0
12.2
6.3
11.2
6.0
11.2
6.2
12.5
6.0
10.3
5.4
12.1
6.2
11.0
3.5
3.9
38
3.5
4.5
34
3.3
5.1
39
3.5
4.1
26
3.6
3.8
5.1
3.2
4.0
3.7
3.2
999 5
223.3
223.7
217.1
218.7
216.8
220.5
5.0
36
1326
88.6
44.0
90.0
31 7
256
22.5
10.4
13.6
23.1
11.2
13.0
133.0
131.3
130.9
135.2
135.2
135.2
89.2
43.8
90.3
87.5
43.8
92.4
86.5
44.4
86.2
88.9
46.3
83.4
88.4
46.8
81.6
88.2
47.0
85.3
25.5
22.3
10.6
13.5
260
24.1
22.8
12.1
11.6
220
22.8
23.0
12.0
11.6
23.7
23.3
12.8
12.2
10.8
9.7
23.3
11.1
13.4
24.2
11.5
11.6
6.8
9.3
-.5
6.2
8.3
-.4
5.4
7.3
-.4
6.0
7.7
-.4
4.7
4.1
-6
9.3
8.5
-.8
6.3
4.9
5.2
4.3
4.9
5.2
6.0
5.7
3.6
26
2.5
24
2.8
25
1.9
24
2.6
23
3.1
21
3.7
23
3.4
23
8.4
-.7
10.2
-1.3
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
National defense
purchases
Durable goods
Military equipment
Aircraft . .
Missiles
Ships .
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods ....
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support1
Weapons support2
Personnel support3
Transportation of
material
Travel of persons
Other
Structures
Military facilities
Other
.9
7.2
82.3
283.3
282.8
287.6
280.6
271.0
265.6
262.1
266.5
80.3
78.6
80.7
77.5
74.7
74.1
71.5
75.7
75.7
72.6
74.6
71.5
68.3
67.9
65.7
69.0
275
156
11 3
42
6.7
103
4.5
249
168
103
43
6.3
99
6.0
258
166
106
53
7.1
94
6.1
252
164
107
46
5.7
89
6.0
231
171
101
33
5.8
89
6.4
209
166
96
38
6.0
109
6.3
207
164
96
37
5.7
97
5.8
205
186
95
44
5.5
105
6.7
9.3
10.4
9.9
10.0
10.8
9.7
11.0
9.6
36
36
2.8
36
31
2.6
37
37
3.0
188.3
189.6
192.5
189.5
1088
108.6
72 9
357
1100
1066
722
366
79.5
29.7
20.3
9.5
33
37
3.0
32
50
2.8
31
37
2.8
181.1
177.2
174.5
176.3
1025
101 8
71 2
354
104.6
690
356
1035
745
355
678
357
666
359
81.0
82.5
82.9
76.6
73.7
72.0
74.5
23.4
20.3
23.3
19.7
23.7
20.4
21.7
19.9
10.4
19.9
21.3
20.3
20.2
10.2
21.0
20.1
10.7
9.8
9.3
9.6
10.7
10.3
10.8
51
3.8
-.5
103
7.5
-.6
126
7.4
-.6
105
' 9.0
5.4
4.2
4.4
33
20
23
19
25
19
3.6
17
18
11.6
37
29
3.1
38
40
3.0
-1.0
659
359
8.9
9.8
8.8
8.9
9.1
77
8.4
-.4
69
7.4
-.3
61
6.7
-.3
67
7.2
-.3
4.3
4.5
5.1
4.9
24
1.8
28
1.7
32
1.9
31
1.8
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.
SURVEY OF CURRENT BUSINESS
October 1992
• 15
Table 4.1.—Foreign Transactions in the National income and Product
Accounts
Table 4.2.—Exports and Imports of Goods and Services and
Receipts and Payments of Factor Income in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Receipts from rest of the world
Exports of goods
and services
Merchandise l
Durable
Nondurable
Services l
Receipts of factor income2
Capital grants received by the United
States (net)
Payments to rest of the world ...
Imports of goodsl and services
Merchandise
Durable
Nondurable
Servicesl
Payments of factor income 3
Transfer payments (net)
From persons (net)
From government (net)
From business
Net foreign investment
III
1992
IV
I
II
717.6
741.7
737.5 740.1 756.0 761.0 756.7
557.0
398.1
262.6
135.5
159.0
598.2
423.1
282.0
141.0
175.1
594.3
421.1
284.2
136.8
173.2
602.3
423.5
285.2
138.4
178.8
622.9
437.7
293.3
144.3
185.3
628.1
437.3
293.2
144.1
190.8
625.4
435.2
292.8
142.4
190.2
143.2
137.8
133.1
132.9
131.3
0
0
0
0
0
160.6 143.5
0
0
717.6
741.7
737.5 740.1 756.0 761.0 756.7
625.9
507.8
314.5
193.3
118.1
620.0
499.9
315.3
184.6
120.1
609.6
489.5
305.7
183.9
120.0
629.5
508.7
323.1
185.6
120.8
638.9
516.2
327.5
188.7
122.7
126.0
126.5
124.5
122.3 113.3 124.3
139.9
-16.7
.9.7
9.3
9.8
13.4 -28.3 -31.8
5.2
5.3
5.3
27.9
-76.1
-13.3
9.0
18.2
9.1
9.9
-6.2
5.3
Seasonally adjusted at annual rates
16.2
9.7
1.3
5.3
229 -21.5
636.2
513.1
330.2
182.9
123.1
27.4
10.2
12.0
5.3
-16.0
662.5
537.0
339.1
197.9
125.5
29.3
10.4
13.6
5.3
594
1990
626.8
435.3
290.9
144.4
191.6
0
664.2
549.8
346.5
203.2
114.4
26.3
10.3
10.8
5.2
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
ign corporations.
Exports of goods
and services
Merchandise l
Durable
Nondurable
Services 1
Receipts of factor income2
Imports of goods
and services
Merchandise1
Durable
Nondurable .
Services J
Payments of factor income 3
510.0
368.5
249.2
119.3
141.4
1991
1991
III
539.4
392.5
266.4
126.1
146.9
1992
II
III
IV
I
II
III
536.1
390.1
267.9
122.1
146.1
544.2
395.2
269.6
125.5
149.0
561.4
407.3
277.0
130.3
154.0
565.4
408.1
276.1
131.9
157.3
563.4
408.0
278.4
129.6
155.4
566.0
411.0
278.9
132.0
155.0
141.1
120.8
120.9 115.4 110.8 109.7 107.6
561.8
460.3
291.2
169.1
101.5
561.2
463.5
296.7
166.8
553.5
454.9
286.6
168.3
98.5
122.6
105.4
97.7
575.8
477.9
306.9
171.0
97.9
581.8
482.2
311.0
171.3
99.6
106.2 103.6 101.0
586.8
488.0
316.3
171.8
98.8
607.3
507.8
327.0
180.8
99.5
617.5
517.8
336.6
181.2
99.7
92.7 101.0
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 4.3.—Exports and Imports of Merchandise by End-Use Category
Table 4.4.—Exports and imports of Merchandise by End-Use Category
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
.-.
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products l
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2 and line 5.
398.1
423.1
421.1
35.1
35.7
33.1
423.5 437.7 437.3 435.2 435.3
36.7
38.6
40.2
102.0 106.4 106.5 104.1 104.9 104.2
357 372 380 378 364 36.1
37.8
40.3
104.8 105.5
357 364
663
69.2
685
662
685
68.1
69.1
691
153.3
167.0
169.4
166.7
176.3
176.4
173.9
170.2
32.2
25.9
95.2
36.5
42.8
36.4
27.3
38.7
27.2
35.4
26.8
40.8
27.9
42.6
27.4
37.7
28.6
33.5
27.9
103.3
103.4
104.5
107.6
40.0
45.9
39.7
44.5
43.7
44.9
41.7
48.2
42.9
47.9
229
238
199
284
142
142
222
279
232
21 3
106.4 107.6 108.9
46.2
48.5
48.9
49.9
232
249
249
250
251
232
281
230
256
236
240
248
205
12.0
12.0
10.2
278
217
274
13.9
13.9
13.7
14.0
12.8
139
139
137
140
128
507.8 499.9 489.5 508.7 516.2
513.1
102
537.0 549.8
267
26.5
27.6
26.3
26.4
26.8
29.1
28.0
77.6
39.0
75.6
36.3
75.3
36.0
75.5
36.5
78.0
37.0
80.9
39.6
81.4
38.9
80.9
37.9
387
392
392
389
41 0
41 3
425
429
62.3
51.2
51.7
52.5
48.8
41.5
51.7
56.3
116.0
120.7
120.4
121.3
122.1
125.1
131.4
136.2
10.5
23.0
11.7
26.1
12.2
25.8
11.5
26.8
825
829
824
87.7
84.9
79.1
12.5
27.1
81.7
90.8
88.6
12.1
27.7
85.4
87.8
13.5
30.7
87.2
89.5
11.3
33.7
91.3
89.4
109.9
118.7
116.2
119.2
125.1
63.0
55.7
33.6
16.8
16.8
60.2
56.0
34.9
17.4
17.4
62.0
57.3
34.7
17.4
17.4
66.0
43.2
43.3
41.9
44.5
105.3 108.0 101.6
53.3
557 56.8
49.6
51.2
48.4
322
330
338
16.1
16.1
16.5
16.5
16.9
16.9
58.2
51.7
32.4
16.2
16.2
40.2
40.1
37.5
40.7
838
591
33.9
16.9
16.9
357.9 382.9 383.6 382.9 394.5 394.0 393.3 390.8
445.5 448.7 437.8 456.2 467.4 471.6 485.3 493.5
Exports of merchandise
Foods feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods .
Nondurable goods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products l
Exports of nonagricultural products ...
Imports of nonpetroleum products
1.Includes parts of line 2 and line 5.
368.5 392.5 390.1
304
894
395.2 407.3 408.1
325
951
332
334
964
408.0 411.0
330
967
307
660
584
955
324
631
291
953
331
622
150.0
163.7
165.4
28.6
33.8
30.9
40.6
33.1
39.3
29.8
41.3
34.2
43.9
35.5
44.1
876
922
930
927
944
935
944
955
34.0
39.2
36.3
40.9
36.0
39.4
39.4
39.9
37.5
42.7
38.4
41.3
41.1
41.9
43.5
43.0
21 4
21 6
21 0
21 0
227
21 6
21 9
178
256
128
128
192
248
124
124
185
248
124
124
189
245
122
122
200
249
124
124
197
228
114
200
21 2
221
21 0
18 1
106
106
9.1
91
31 0
31 3
35.1
975
36.7
959
306
653
31 9 31 7
61 9 645 658
163.8 172.5 173.1 174.0
173.7
31.4
48.3
27.6
50.7
11 4
460.3 463.5 454.9 477.9 482.2 488.0 507.8 517.8
25.5
24.5
25.3
24.1
24.5
24.9
27.2
26.1
663
655
647
665
691
714
708
701
32.6
307
339
31.9
367
327
381
31.7
345
325
366
34.7
337
313
342
52.1
48.6
51.5
52.4
46.5
46.7
50.9
52.0
122.6
127.6
146.9
10.4
39.0
70.7
90.2
10.5
43.9
73.2
80.7
97.7
155.7
9.3
113.9 124.4
9.3 10.0
129.3 135.6
9.6 10.0
45.7
74.0
78.3
48.6
77.0
76.4
11.2
56.2
79.4
77.7
384
65.3
81.1
76.8
29.9
74.7
80.4
93.3
41.1
73.4
75.7
95.4
500
506
476
522
434
448
426
455
487
480
492
498
28.9
29.3
30.0
28.9
29.8
30.9
30.7
29.7
144
146
150
144
149
154
153
149
14.4
14.6
15.0
14.4
14.9
15.4
15.3
14.9
35.1
35.5
32.9
36.3
38.1
38.7
37.6
40.9
731
104.6 102.2 103.5 107.4
559 541 543 576
333.4 357.0 357.2 358.9 369.2 369.4 370.4 370.0
408.2 414.8 403.4 425.5 435.7 441.3 456.8 465.8
SURVEY OF CURRENT BUSINESS
16 • October 1992
Table 5.1 .—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Gross saving
Gross private saving
Personal saving
Undistributed corporate
profits with inventory
valuation and capital
consumption adjusments
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment
Corporate consumption of
fixed capital
Noncorporate consumption
of fixed capital
Wage accruals less
disbursements
Government surplus or
deficit (-), national
income and product
accounts
Federal
State and local
Capital grants received by
the United States (net)
Gross investment
Gross private domestic
investment
Net foreign investment
Statistical discrepancy
1992
II
I
IV
III
III
718.0
708.2
701.3
679.4
698.2
677.5
682.9
854.1
175.6
901.5
199.6
896.9
195.3
884.9
191.0
934.8
219.4
950.1
214.6
968.1
232.3 "2667
75.7
69.4
75.8
64.2
78.1
63.2
69.0
64.5
78.3
63.4
104.0
-14.2
3.1
9.9
20.5
8.4
5.1
9.3
368.3
383.0
382.5
234.6
243.1
241.0
0
0
0
.7
86.2
97.7
86.1
-5.4
-15.5
14.1
23.3
27.0
30.0
383.5
386.3
386.1
391.2
406.9
241.4
250.7
245.3
247.0
290.4
0
0
0
0
-4.8
0
-11.1
-136.1 -193.3 -195.6 -205.6 -236.6 -272.6 285.2
-166.2 -210.4 -212.2 -221.0 -258.7 -289.2 -302.9
17.1
30.1
0
0
15.4
16.5
0
0
22.0
0
16.6
0
17.7
0
0
723.4
730.1
728.4
709.9
714.6
706.5
713.8
720.0
799.5
-76.1
721.1
9.0
710.2
732.8
-22.9
736.1
-21.5
722.4
-16.0
773.2
-59.4
776.9
18.2
21.9
27.1
30.5
16.4
29.0
30.9
5.4
Table 5.4.—Fixed Investment by Type
Table 5.5.—Fixed Investment by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
II
III
1992
IV
I
II
1990
Fixed investment
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
eauioment ]
Other
Industrial equipment
Transportation and related
equipment
Other
793.2 731.3 732.0 732.6 726.9 738.2 765.1 761.5
Residential
Structures
Single family
Multifamily .
Other structures
Producers' durable equipment
215.6 190.3 186.2 194.2 198.2 207.2 214.8 217.0
577.6 541.1 545.8 538.4 528.7 531.0 550.3 544.5
180.1
150.1
127.4 132.4
163.3
115.8 114.4 104.8
122.6
116.8
27.2
28.6
28.6
28.9
29.0
30.5
30.7
31.2
15.4
15.3
15.6
14.5
14.5
13.5
10.3
13.4
11.8
14.0
13.2
8.3
8.8
8.7
9.6
9.4
376.5 360.9 360.6 362.8 358.9 360.8 380.0 381.1
123.0
123.6
34.8
88.1
89.5
34.2
89.4
81.3
83.1
81.0
85.1
71.0
121.3 124.7
33.3
88.0
81.5
34.5
90.2
79.2
85.9
71.8
88.4
70.6
127.4
129.9
36.1
91.2
79.6
37.6
92.3
78.3
82.6
69.3
82.3
70.4
131.4 139.2
39.6
91.7
79.0
42.3
96.9
81.2
98.3
71.3
88.8
71.9
208.8 183.7 179.5 187.5 191.7 200.3 207.9 210.0
108.7
100.4 104.8 111.7 115.1 118.5
95.4
89.5
19.3
80.8
6.8
15.1
73.1
6.6
1. Includes new computers and peripheral equipment only.
185.2 175.6 169.7 170.1 170.3
201.1
15.4
74.5
6.7
14.1
73.0
6.7
13.8
73.0
6.5
12.9
75.8
6.9
14.2
78.6
6.9
12.8
78.7
7.1
1991
1991
II
III
Fixed investment
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
eouiDment l
...
ai^_!!.....:::::::::::::::
Industrial equipment
Transportation and related
equipment
Other T.
Residential
Structures
. ..
Single family
Multifamily
Other structures
Producers' durable equipment
111
1992
IV
I
II
III
732.9 670.4 669.8 671.4 669.3 681.4 705.9 7064
538.1 500.2 503.0 498.7 492.1 495.8 514.7 515,,1
162.2 153.0 148.4 149.4 149.1
179.1
157.6
134.9
113.0 117.5
142,0
108.3
103.6
103.0
101.4
24.1
25.0
25.1
25.2
25.2
26.5
26.5
92.3
26.9
12.6
11.7
11.9
11.0
11.1
10.5
10.4
10.7
11.0
11.8
7.6
7.9
7.7
8.5
8.5
9.4
359.0 342.6 340.8 345.8 343.7 346.4 365.6 373.1
130.0
136.1
131.9
139.0
143.8
148.2
153.8
167.6
45.3
84.7
79.0
51.4
84.7
68.9
48.4
83.5
69.4
53.6
85.4
67.1
57.6
86.2
67.0
61.5
86.8
65.7
67.9
85.9
65.9
77.2
90.4
67.3
76.7
73.2
75.0
62.5
76.0
63.4
77.7
62.0
72.3
60.6
71.2
61.2
84.1
61.8
76.2
62.0
194.8
170.2
166.9
172.6
177.3
185.6
191.2
191.4
188.2
163.9 160.4 166.3 171.0 179.0 184.6 184.6
80.5
89.4
85.5
100.6 102.9 104.6
93.9
97.6
17.3
73.3
6.5
13,6
64.8
6.4
1. Includes new computers and peripheral equipment only.
13.9
66.0
6.5
12.6
64.3
6.4
12.4
64.7
6.3
11.6
66.8
6.6
12.7
69.0
6.6
11.3
68.8
6.7
SURVEY OF CURRENT BUSINESS
Table 5.10.—Change in Business Inventories by Industry
October 1992 •
Table 5.11.—Change in Business Inventories by Industry in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Change in business inventories
Farm
Nonfarm
Change in book value
Inventory valuation adjustment
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Durable goods
Nondurable goods
.2
1.4
3.3 -10.3 -27.0
24.5 -14.0 -38.1
-21.3
3.8 11.2
-1.2
5.9
-7.1
3.8
75 126
.4 -11.3 -14.0
3.4
3.8
1.4
I
IV
III
5.2
0
Seasonally adjusted at annual rates
1992
6.3 -10.2 -21.8
3.1
II
III
8.1
15.4
1.7
5.1
9.2 -15.8
-5.3
1990
-2.4
14.5 -13.3
6.4 10.3
16.3 -5.6 28.8 25.3
-1.8 -7.8 -22.4 -15.0
77
-8.2 125 10 1
4.1
-7.9 -16.3 -15.1 -9.3 -1.8
-.3
3.9
5.0
1.6
5.9
5.0
2.3
2.7
.9 -11.9
1 5 -13.5
2.4
1.6
-.3
-3.7
3.4
15.5 -6.7
9.4 -10.1
6.1
3.3
3.8
5.7
-1.9
1.4
1.1
.4
3.7
2.5
1.2
1.3
-.2
1.5
1.8 -11.3
'1 4 -12.0
.7
3.1
-.8
-.6
-.1 -1.5
-.7
.9
-2.0
-5.1
3.1
1.6
1.4
.3
17.4
10.5
7.0
-2.0
-1.1
-.9
-6.1
-9.5
3.4
-.7
-.6
-.1
2.5
5.9
-3.4
1.3
-.2
1.5
.1
12
1.3
1.3
2.3
-1.0
-4.3
-2.5
15
-.9
-1.9
2.2
-1.7
-1.4
-.4
3.9
1.4
4.7
4.9
-.2
-3.3
14.4
8.4
7.0
1.3
6.0
14.3
.9
g
1.8
13.4
.2
7.3
5.4
1.9
-7.1
12.9
11.1
6.1
5.0
1.8
6.3
5.8
2.7
3.1
.6
-1.2
-1.1
-.1
-5.9
-4.7
-1.1
-3.8
-3.8
-.1
-7.0
-3.8
-3.2
-2.8
-2.0
-.8
3.4
-1.4
4.8
-2.6
2.0
-4.5
-1.6
-1.2
-.4
1991
II
Change in business inventories
Farm
Nonfarm
.
....
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Durable goods
Nondurable goods
6.2
3.7 -6.9 -11.4
.4 -10.3 -12.8
3.4
3.4
1.4
III
7.8
14.7
1.8
5.0
11.8 -10.7
-7.6 -11.3 -8.7
-7.3 -14.8 -13.5
4.8
-.3
3.5
6.0
9.8
-6.5
-8.0
1.5
4.3
-1.1
5.4
1.6
-9.6 -24.5
II
-1.9
.6
4.1
.3
I
IV
III
-9.3 -20.4
2.5
3.7
1992
1991
7.5 -12.6
-4.2
10
4.6
2.2
2.4
.9 11 1
-1.3 -12.2
2.2
1.1
0
-3.2
3.3
13.3
8.4
5.0
-5.6
-9.0
3.4
3.2
5.0
-1.8
1.3
1.2
.1
3.7
2.4
1.3
.8
-.2
1.1
1.5 -10.5
-1.2 -10.8
2.7
.3
-.6
-.6
-.1 -1.4
-.5
.8
-1.5
-4.6
3.0
1.6
1.3
.2
15.2
9.5
5.7
-1.8
-1.1
-.7
-4.9
-8.4
3.5
-.7
-.5
-.1
2.1
5.1
-3.1
1.1
-.2
1.3
-.1
-1.0
.9
1.4
2.2
-.8
-3.7
-2.3
-1.4
-.8
-1.5
1.7
-1.6
-1.3
-.3
3.3
1.7
4.4
4.5
-.1
-2.8
12.8
7.6
6.5
1.1
5.2
12.3
.8
-.9
1.6
11.5
.5
6.5
4.8
1.7
-6.0
11.8
9.9
5.5
4.4
1.9
5.7
5.1
2.4
2.7
.6
-.9
-1.0
.2
-5.3
-4.3
-1.0
-3.6
-3.4
-.2
-6.2
-3.4
-2.8
-2.6
-1.8
-.8
3.2
-1.3
4.4
-2.5
1.7
-4.2
-1.4
10
-.4
Table 5.12.—Inventories and Final Sales of Domestic Business
by Industry
Table 5.13.—Inventories and Final Sales of Domestic Business
by Industry in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted quarterly totals
1991
II
III
Seasonally adjusted quarterly totals
1991
1992
IV
I
II
II
III
1
Inventories *
1,089.6 1,085.5 1,082.1 1,085.1 1,090.9 1,052.8
91.4
93.0
90.5
96.9
Farm
46 1
101.1
992.1 999.4 1 006 8
Nonfarm
988.5 988.6 991.6
571.7 569.1
568.5 568.3 572.0 575.0
Durable goods
Nondurable aoods
416.8 419.5 423.1 423.8 427.5 431 8
Manufacturing
.
..
411.9 409.9 406.7 404.0 403.1 406 2
265.2 262.7 259.4 256.4 253.9 254 4
Durable goods
Nondurable goods
146.7 147.1 147.3 147.6 149.1 151.8
231.4 231.8 235.5 236.0 238.3 239.8
Wholesale trade
149.6 148.7 150.7
Durable goods
151 8
147.6 146.6
87.6
85.9
87.3
85.2
Nondurable goods
83.7
88.0
204.7 204.6 208.8 209.8 211.7 212.9
Merchant wholesalers
131.2 129.8 133.0 132.4 134.4
134.8
Durable goods
77.4
75.9
77.3
74.8
Nondurable goods
73.5
78.1
26.2
27.2
26.7
26.6
Nonmerchant wholesalers
26.6
26.9
16.4
16.4
16.3
16.6
16.8
Durable goods
17.0
10.4
9.8
10.2
10.3
10.1
Nondurable goods
9.9
248.9 252.5 255.8 257.4 263.3 265.6
Retail trade
128.6
121.5 124.9
130.2
119.1 121.3
Durable goods
67.4
65.0
63.1
63.5
61.7
67.7
Automotive
58.4
59.8
57.4
62.4
61.1
57.8
Other
134.7
132.5
129.7
134.3
131.1
135.5
Nondurable goods
94.7
95.2
94.8
93.6
96.4
94.5
Other
Final sales of domestic business2 ... 399.3 401.8 403.9 411.1 414.5 418.5
Final sales of goods and2structures
of domestic business
222.1 221.6 221.2 226.1 226.7 227.8
Inventories
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
. . .
Final sales of domestic business2 ...
Final sales of goods and2 structures
of domestic business
Ratio of inventories to final sales of domestic
business
Ratio of inventories to final sales of domestic
business
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
2.73
2.48
2.70
2.46
2.68
2.45
2.64
2.41
2.63
2.41
2 52
2.41
4.45
4.46
4.48
4.39
4.41
4.42
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from
current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of
GDP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarter
prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In
addition, changes calculated from this table are at quarterly rates, whereas CBI is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product
less gross product of households and institutions and general government and includes a small amount of final
sales by farm.
1J
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
III
1992
IV
I
II
III
976.3
976.4
978.3
975.2
977.1
85.0
85.4
84.3
83.8
84.3
85.5
891.3
522.0
369.3
891.1
520.4
370.7
894.0
518.6
375.5
891.4
514.2
377.1
892.9
516.4
376.5
895.3
517.4
377.9
375.4
244.5
130.9
373.5
242.7
130.8
370.7
239.0
131.7
368.5
235.6
132.9
366.9
233.6
133.3
368.0
233.4
134.6
204.6
131.8
72.8
204.6
131.0
73.6
207.9
133.1
74.8
206.5
130.9
75.7
207.3
132.1
75.2
207.6
132.4
75.3
180.6
116.9
63.8
24.0
15.0
9.0
180.2
115.7
64.5
24.4
15.3
9.1
184.0
118.1
65.9
23.9
15.0
8.9
182.8
116.0
66.8
23.7
14.9
8.8
183.3
117.3
66.1
24.0
14.8
9.2
183.3
117.0
66.3
24.4
15.4
9.0
222.8
109.7
57.8
51.9
113.1
226.0
111.6
59.4
52.1
114.4
229.0
111.8
59.2
52.5
117.3
229.2
113.4
60.4
53.0
115.8
232.1
115.9
61.8
54.1
116.2
233.5
117.1
62.4
54.7
116.4
980.8
88.5
87.0
86.3
87.1
86.5
86.1
342.0
342.0
342.1
346.0
346.7
348.7
195.0
194.0
193.5
197.2
196.9
197.7
2.85
2.61
2.86
2.61
2.86
2.61
2.82
2.58
2.82
2.58
2.81
2.57
4.57
4.59
4.62
4.52
4.54
4.53
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at
quarterly rates, whereas the constant-dollar change in business inventories component of GDP is stated at annual
rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product
less gross product of households and institutions and general government and includes a small amount of final
sales by farm.
SURVEY OF CURRENT BUSINESS
l8 • October 1992
Table 6.1C.—National Income Without Capital Consumption Adjustment
by Industry
Table 6.16C.—Corporate Profits by Industry
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
II
National income
without capital
consumption
adjustment
Domestic industries
Private industries
Agriculture, forestry, and
fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public
utilities
Transportation
Communications
Electric, gas, and
sanitary services ....
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
Government
Rest of the world
III
1990
IV
I
II
II
4,496.5 4,587.5 4,575.6 4,595.4 4,639.5 4,704.5 4,737.4
3,815.9 3,870.6 3,860.7 3,881.0 3,923.7 3,967.0 4,004.1
96.9
37.1
90.9
36.7
96.5
36.3
84.5
36.4
92.9
35.5
95.4
36.0
94.8
34.9
222.7
210.1
206.7
211.9
213.6
214.4
218.9
855.4
483.2
372.2
841.0
464.2
376.7
836.9
464.9
371.9
846.7
466.0
380.6
848.6
467.8
380.9
850.7
467.5
383.3
874.6
477.3
397.3
325.9
137.1
335.2
140.8
338.1
142.3
333.6
139.8
336.4
142.6
339.2
145.4
333.3
140.6
91.9
95.3
95.1
96.2
95.2
97.9
97.3
96.8
99.0
100.7
97.6
98.6
95.9
95.4
258.3
391.7
266.0
403.3
267.4
402.9
266.5
403.3
265.8
409.9
264.9
413.6
270.2
416.1
679.8 687.7 694.2 704.0 698.5
996.1 1,010.5 1,026.9 1,048.8 1,062.8
659.8
699.4
698.2
701.2
705.0
717.8
20.7
17.4
16.7
13.3
10.8
19.6
III
1992
IV
I
II
III
4,475.7 4,570.1 4,558.9 4,582.2 4,628.8 4,684.9 4,730.4
673.8 685.0
954.3 1,002.4
1991
1991
1992
726.2
7.0
:::
Corporate profits with inventory
valuation and capital
consumption adjustments
Domestic industries
Financial
Nonfinancial
Rest of the world
Receipts from the rest of the world ...
Less: Payments to the rest of the
world
Corporate profits with inventory
valuation adjustment
Domestic industries
Financial
Federal Reserve banks
Other
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products ....
Industrial machinery and
equipment
Electronic and other electric
equipment
Motor vehicles and
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
361.7
346.3 347.3 341.2 347.1 384.0 388.4
296.0 279.8 280.9 279.3 284.2 315.3 327.4
47.7
49.9
49.6
52.8
48.9
59.6
51.2
248.3 229.9 231.4 226.5 235.3 255.7 276.2
65.7
67.7
2.0
66.5
62.5
66.3
61.7
61.9
59.8
62.9
59.1
68.7
67.1
-4.0
-4.7
-2.2
-3.8
-1.6
61.0
67.1
6.1
341.2 337.8 342.2 331.9 333.1 360.7 361.4
275.5 271.3
56.7
21.4
35.3
60.9
20.2
40.7
275.9 270.0 270.2 292.0 300.4
60.7
20.2
40.5
63.6
20.0
43.6
59.7
19.8
39.9
70.1
18.8
51.3
218.8 210.4 215.1 206.4 210.5 221.9
90.3
91.8
87.5
97.5
106.9 89.3
40.5
3.1
6.3
11.3
7.5
25.8
29.0
26.2
24.8
31.8
61.3
18.5
42.8
239.0
115.2
38.3
1.1
5.4
1.2
5.5
.2
5.8
1.4
6.0
.8
6.1
1.1
7.8
8.9
9.7
6.8
9.2
8.6
9.5
6.8
7.2
6.4
1.8
4.5
6.6
6.9
5.5
-2.6
14.9
66.5
13.2
-6.9
10.8
63.5
16.6
-7.5
13.2
61.3
16.6
-4.3
12.2
65.7
18.4
-4.9
62.7
14.6
65.7
15.2
76.9
19.5
16.2
14.6
22.5
43.9
35.8
32.1
65.7
16.1
14.1
17.1
20.1
17.8
17.1
11.1
29.2
42.2
46.7
35.0
61.0
7.7
23.1
46.1
440
31.1
66.5
6.8
23.8
49.6
45.5
29.8
66.3
4.2
25.9
42.2
41.7
30.7
61.9
6.2
5.1
22.9
45.6
44.5
32.9
62.9
7.4
8.2
24.5
49.4
39.9
35.1
68.7
9.0
III
SURVEY OF CURRENT BUSINESS
October 1992
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price Indexes
[Index numbers, 1987=100]
Seasonally adjusted
Seasonally adjusted
1990
1991
1991
II
Gross domestic product:
Current dollars
121.6
Quantity indexes:
Fixed 1987 weights
107.4
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
113.5
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
113.2
Personal consumption expenditures:
Current dollars
122.8
Quantity indexes:
Fixed 1987 weights
106.8
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
115.3
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
115.0
Durable goods:
Current dollars
115.0
Quantity indexes:
Fixed 1987 weights
108.8
Chain-type annual weights .
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
106.3
Chain-type annual weignts
Benchmark-years weights
105.7
Implicit price deflator
Nondurable goods:
121.1
Current dollars
Quantity indexes:
Fixed 1987 weights
104.5
Chain-type annual weights
Benchmark-years weignts
Price indexes:
116.2
Rxed 1987 weights
Chain-type annual weignts
Benchmark-years weights
Implicit price deflator
115.9
Services:
Current dollars
125.8
Quantity indexes:
Fixed 1987 weights
107.8
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Benchmark-vears weidhts
Price indexes:
Fixed 1987 weights ..
Chain-type annual weights . . .
Benchmark-years weignts
Implicit price deflator
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weionts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
116.9
III
125.1 124.6 125.8
106.2
IV
I
126.7
128.6
106.1 106.4 106.6
118.1 117.7 118.6
119.3
126.9
128.2
106.2
106.1 106.5
II
120.4 121.3 121.9
120.6 121.2
129.2 131.8 132.9
106.4
108.6
107.8
134.5
107.7 108.6
120.4 119.9 120.8 121.8 122.9 124.0
124.7
120.0 119.5
120.4 121.4 122.3 123.4 123.8
110.5 109.3
112.2 111.6 116.3 116.6, 119.3
102.7 101.9
103.9
108.9 108.6 109.5
107.6
109.8
107.3 108.0 108.3
123.8 124.0 124.2
103.1
103.1 107.1
103.5 103.3
120.5 120.3
110.3
106.5 108.7
111.3 111.8
108.6 109.4 109.7
123.8 126.0
126.4 127.6
102.4 103.8 103.4 103.9
120.6 121.3 121.8 122.7 123.4
CivoH 1QP7 ittoinhtc
120.1 119.9 120.2 120.8 121.4 122.2 122.9
133.8 132.9
108.9
134.7 136.9
108.8 109.1
123.1 122.5
123.8
139.2
141.0
142.5
109.8 110.4 110.7 111.6
125.1 126.6 127.8
128.5
116.7 122.8 122.1 123.4 124.7 126.1
127.4 127.7
106.7
103.2 104.4
98.6
109.7
101.4
Nonresidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit orice deflator
Residential:
Current dollars
Quantity indexes:
96.2
94.8
88.2
86.7
97.8
98.2
96.4
89.7
90.3
89.3
95.2
96.9
101.2 101.2 101.3 100.5 102.1 105.8 105.3
92.7
92.6
109.1 110.8
110.6
108.2 109.1 109.3
92.9
92.6
94.2
97.6
97.7
111.2 111.1 111.1 111.0 111.6
109.1 108.6 108.3
108.4 107.8
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
1991
1991
III
130.0 131.6
107.4 107.8
117.8 117.5 118.2 118.9 119.8
127.4
1990
1992
1992
II
III
IV
I
II
III
116.0
108.7
109.6
108.2
106.2
106.7
110.6 109.4
108.1
100.5
101.0
100.2
98.9
99.6
103.4 103.5
108.3
110.4
110.2
110.6
107.3
108.2
108.5
108.0 107.4
117.4 105.1
108.1 102.5
104.6
92.0
94.7
89.3
112.4
114.3
114.2
114.9
110.7 110.8
107.1
111.1
111.4
106.9 105.7
99.1
99.3
99.4
95.3
86.6
87.2
87.0
82.9
114.4 114.0 114.4 115.1
114.2 114.8 114.4 113.9
114.2
115.0
110.5
116.4
116.7
105.3 106.1
112.0
114.3
106.1 108.3 108.1 108.3 108.7 109.2
109.5
109.7
104.2 103.9
102.2
112.3 114.3
115.3 110.6 110.5 111.1
110.0
104.9 104.4 105.9
104.9 105.4 105.8 104.9
110.0
104.5
95.7
1 84.5
82.7
86.2
88.0
92.0
95.4
96.4
86.5
75.6
74.1
76.6
78.7
82.4
84.9
85.0
110.8
111.8
111.6
112.5
111.9
111.7 112.4
113.5
112.5 111.8
111.7 112.3
113.4
110.7 111.8 111.6
153.0 164.4 163.3 165.5
149.5 154.2
155.3
154.8 155.5
112.4 112.3 112.1 112.8
113.0
113.6
140.1 148.2 147.3
110.1
171.2 172.6 171.8 172.2
109.2 110.9
110.9
110.7
111.0 111.1
113.9
111.0 110.7
123.4 122.3 120.2 124.1 126.0 125.5 130.7 131.0
110.8
110.7 109.2
113.6
114.8 115.7
112.6
113.7 113.0
112.8
113.7 112.9 114.2 115.9
111.4 110.5
110.1 109.3
109.8
119.8
121.8
108.4 109.1 107.6
SURVEY OF CURRENT BUSINESS
2O • October 1992
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price Indexes
[Index numbers, 1987=100]
Table 7.2.-Fixed-Weighted and Alternative Quantity and Price Indexes
for Domestic Product, Final Sales, and Purchases
[Index numbers, 1987=100]
Se<asonally adjust 3d
1990
1991
1991
II
III
Seasonally adjusted
1992
IV
I
II
1990
III
1991
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
1183
1237
1237 1240
105.5 106.7 107.3
1125
1165
1160
112.2 115.9 115.4
1237
1251
106.7 105.8 1063
1169
1177
1186
1258
1273
106.0 1065
1196
1206
116.3 116.9 117.7 118.7 119.6
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ..
Benchmark-years weights
Implicit price deflator
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights ... .
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights
Implicit price deflator .
1108
99.7
1162
1169
100.9 102.3
1162
1145
1156
1155
1173
100.6
98.2
97.5
96.8
97.9
112.0 116.7 115.9
116.9 118.3 120.1 120.9 121.9
111.2 115.2 114.3
115.5 116.6 118.6 119.3 119.9
1075
1109
97.0
96.8
111 6 1102
98.5
96.1
1078
1074
1067
1089
92.8
90.9
89.8
91.2
112.2 116.5 115.5
116.7 118.5 120.2 121.0 122.1
110.8 114.5 113.3
114.7 116.2 118.1 118.9 119.4
121.0 133.0 133.5
135.0 135.7 141.5 143.3 143.8
108.0 113.6 114.3
114.8 115.4 118.1 119.1 118.7
111.5 117.0 116.9
117.6 117.7 119.7 120.2 120.8
112.0 117.1
116.8
117.6 117.6 119.8 120.3 121.1
1242
1295
1290 1301
1100
111 3 111 1 111 4 111 7 1131
112.9 116.4 116.2
1129
1164
1161
1308
1325
1338
1351
113.1 1132
116.9 117.2 117.4 118.5 119.6
1168
1171
1171
118.3 119.4
NOTE.—The quantity and price indexes in this table are calculate from weighted averages of the detailed output
and prices used to prepare each aggregate and component. The fixed weighted measures use as weights the
composition of output in 1987. For the alternative indexes, the chain-type indexes with annual weights use weights
for the preceding and current years, and the indexes with benchmark-years weights use weights of 1959, 1963,
1967, 1972, 1977, 1982, and 1987 and the most recent year Percent changes from preceding period for selected
items in this table are shown in table 8.1.
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights . . ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Final sales of domestic product1:
Current dollars
Quantity indexes:
Fixea 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Gross domestic purchases2:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts ..I
Implicit price deflator
Final sales to domestic purchasers3:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weignts
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
<
1992
1991
II
III
IV
I
II
III
121.6 125.1 124.6 125.8 126.7 128.6 130.0 131.6
107.4 106.2 106.1 106.4 106.6 107.4 107.8 108.6
113.5 118.1 117.7 118.6 119.3 120.4 121.3 121.9
113.2 117.8 117.5 118.2 118.9 119.8 120.6 121.2
122.2 126.0 125.8 126.6 127.3 129.7 130.6 131.9
107.9 107.0 107.2 107.0 107.0 108.3 108.2 108.8
113.6 118.2 117.8 118.7 119.4 120.4 121.4 122.0
113.2 117.8 117.4 118.3 118.9 119.8 120.7 121.2
119.4 121.7
121.1 122.6 123.2 124.9 126.8 128.3
105.3 103.4 103.2 103.9 103.8 104.5 105.4 106.4
113.7 118.1
117.6
118.5
119.2
120.2 121.1
121.8
113.4 117.7 117.3 118.0 118.7 119.5 120.3 120.7
119.9 122.6 122.3 123.3 123.7 125.9 127.4 128.6
105.7 104.2 104.3 104.4 104.2 105.4 '105.8 106.5
113.8 118.2 117.8 118.6 119.3 120.2 121.2 121.9
113.4 117.7 117.3 118.0 118.7 119.5 120.3 120.7
1. Equals GOP less change in business inventories.
2. Equals GDP less net exports of goods and services or the sum of personal consumptions expenditures,
gross private domestic investment, and government purchases.
3. Equals gross domestic purchases less change in business inventories or the sum of personal consumption
expenditures, gross private domestic fixed investment, and government purchases.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
Table 7.3.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross National Product and Command-Basis Gross National
Product
October 1992 • 21
Table 7.6.—Price Indexes for Fixed Investment by Type, Fixed
1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
Seasonally adjusted
1990
1991
III
IV
I
II
II
107.7 106.4 106.3 106.6 106.7 107.6 107.8
113.5 118.1 117.7 118.6 119.3 120.4 121.3
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
equipment l
Other1
Industrial equipment
Transportation and related
eauiDment
Other
113.2 117.8 117.4 118.2 118.9 119.8 120.6
153.0 158.1 157.2 157.8 161.2 162.3 161.3
138.8 140.8 140.1 140.6 143.3 143.9 143.1
Plus: Command-basis exports of
goods and services and receipts
of factor income:
Current dollars
Quantity index, fixed 1987 weights
153.0 164.4 163.3 165.5 171.2 172.6 171.8
136.8 141.3 140.9 142.2 144.6 147.1 145.2
Equals: Command-basis gross
national product:
Current dollars
Quantity index, fixed 1987 weights
Residential
122.0 125.3 124.9 126.0 126.8 128.9 130.0
107.5 106.5 106.4 106.7 106.8 107.9 108.0
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.4.—Price Indexes for Personal Consumption Expenditures
by Major Type of Product, Fixed 1987 Weights
[Index numbers, 1987=100]
Personal consumption
expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment ..
Other
115.3
120.4 119.9
I
II
III
110.8
110.6
111.2
111.1
111.1
111.0
111.6
110.2
110.6
110.7
110.8
111.1
111.4
112.4 114.3 114.2 114.9 114.4 114.0
114.4 115.1
111.3 112.8 112.6 113.2 112.8 112.4 112.8 113.6
113.3 114.4 114.2 114.8 114.8 115.1 115.6 116.0
122.7 130.5 130.7 132.3 130.5 129.9 129.3 128.6
110.0 112.2 112.8 112.7 111.6 110.0 111.2 112.7
106.1 108.3 108.1 108.3 108.7 109.2 109.5 109.7
96.2
78.6
94.6
70.0
95.0
71.8
94.0
68.3
93.8
66.9
93.8
93.2
92.5
65.3
62.4
58.9
104.1 105.7 105.6 105.8 106.1 106.8 107.2 107.8
113.4 117.9 117.3 117.9 118.7 119.1 119.8 120.7
108.8 113.4 112.9 113.7 114.7 115.9 116.9 117.2
111.0 114.4 114.0 114.7 115.2 115.6 116.1 116.8
110.8 111.8
111.6
112.5
111.9
111.7
112.4 113.5
111.8
111.2
110.9
112.9
112.7
112.3
112.0
113.5
112.1
111.7
111.4
113.0
111.9
111.0
110.7
113.5
112.6
111.9
111.6
113.8
Structures
Single family
Multifamily
;
Other structures
111.0
111.4
111.2
110.2
Producers' durable equipment
104.1 104.2 103.6 105.5 103.6 104.4 105.0 105.3
112.0
111.7
111.4
112.8
113.7
113.3
113.0
114.4
Addenda:
Price indexes for fixed investment:
Chain-type annual weights
Benchmark-years weights
1. Includes new computers and peripheral equipment only. Prior to 1982, all computers and peripheral
equipment are included in other information processing and related equipment (line 11).
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
120.8 121.8
122.9 124.0 124.7
106.3 108.9 108.6 109.5 109.8 110.3
111.3
111.8
105.4 1088 1085 1096 1099 1100 1116 1128
102.4 103.0 102.9 103.3 102.9 103.8 104.1 103.8
1194
IV
108.3 110.4
109.1
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
122.0 125.3 124.9 126.0 126.8 128.9 130.0
Less: Exports of goods and services
and receipts of factor income:
Current dollars
Quantity index, fixed 1987 weights
III
1992
III
Fixed investment
Gross national product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
1991
1991
1992
1991
II
1990
1212
1235
1245
Table 7.9—Price Indexes for Exports and Imports of Goods
and Services and for Receipts and Payments of Factor Income,
Fixed 1987 Weights
1247
1159
1205
Nondurable goods
116.2
120.5 120.3 120.6 121.3
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
1157
Exports of goods and services
110.1
112.4 112.3
112.1
112.8
113.0 113.6 113.9
1093
1098
1092
1098
1096
1255
1175
Merchandise!
Durable
Nondurable
Services l ..
Receipts of factor income2
1135
1120
1121
1189
113.9
118.7
Imports of goods and services
112.6 113.7
1228
1201 1204 1203 1206 121 3 121 7 1223
111.4 115.3 115.1 115.5 116.6 117.6 118.0 117.7
1256 1238 1226 121 7 1221 1199 1228 1253
1212
1237
1170
1231
1173
1242
1205
1255
1135
1264
1151
1279
1154
1202
1197
105.9
105.6
106.0
114.5
124.2
109.8
108.8
110.6
121.9
132.8
109.3
108.0
110.5
120.8
132.0
121 7 1230 1237
110.1 110.8 111.4 112.2
108.7 110.1 109.6 110.4
111.4 111.3 113.0 113.8
1227 1242 1273 126.4
133.7 135.6 137.6 139.6
1174
1237
1231
1245
1205
1269
1284
Addenda:
Price indexes for personal
consumption expenditures:
Chain-type annual weights
Benchmark-years weights
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1194
1288
116.9 123.1 122.5 123.8 125.1 126.6 127.8 128.5
1256
[Index numbers, 1987=100]
121.8 122.7 123.4
1243
113.1
111.5
114.5
123.8
141.2
1291
Merchandise l
Durable
Nondurable
Services1 .
Payments of factor income3
1099
1100
1099
106.9 108.4 108.3 108.5 108.8 109.3 109.5 109.7
1125
1183
1104
1193
1115
1203
1107
121 2 1223
1101
1101
1236
118.4 119.4 120.1 121.2 122.0
113.0
112.8 113.7
112.9 114.2 115.9
111 5 111 2 1107 1101 111 2 1100 111 3 1130
109.9 111.4 111.3 110.9 111.6 111.7 112.2 113.5
1142
1175
1108
1250
1096
1236
114.1
119.6
119.2 120.3 121.1
1087
1251
1103
1253
1068
1260
1096
1275
1123
1285
122.3 123.1
Addenda:
Price indexes for exports of goods
and services:
Chain-type annual weights
Benchmark-years weights
Price indexes for imports of goods
and services:
Chain-type annual weights
Benchmark-years weights
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
NOTE— Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
22 • October 1992
Table 7.10.—Price Indexes for Exports and Imports of Merchandise
by End-Use Category, Fixed 1987 Weights
Table 7.11.—Price Indexes for Government Purchases by Type,
Fixed 1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1990
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products l
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2 and line 5.
1991
1991
Seasonally adjusted
1990
1992
II
III
IV
I
II
III
109.3
109.8
109.9
109.2
109.8
109.6
110.0
109.9
115.7
114.1
115.5
113.4
103.8
112.3
114.8
111.4
115.2
109.7
105.4
117.8
115.5
111.7
115.1
110.2
105.3
117.1
113.6
109.5
115.0
107.0
105.5
118.9
117.9
109.0
114.6
106.4
105.9
119.3
117.2
107.2
114.7
103.8
106.0
120.2
116.8
108.6
117.0
104.8
105.7
120.4
112.1
110.2
119.6
105.9
105.3
121.4
69.4
71.2
67.4
66.1
64.7
62.3
59.1
109.8
107.4
110.7
109.9
111.3
111.2
111.2
111.2
11.3.7 113.1
110.5 110.2
113.8 114.4
111.7 112.4
115.7 116.1
112.5 112.3
112.5 112.3
112.5 112.3
114.2
110.9
113.7
111.2
115.8
112.1
112.1
112.1
115.1
111.2
114.3
111.4
116.8
112.7
112.7
112.7
115.5
111.8
117.7
117.4
118.1
112.6
112.6
112.6
115.9
112.3
117.9
116.2
119.5
113.0
113.0
113.0
115.9
112.5
118.0
116.1
119.6
113.1
113.1
113.1
111.5
111.2
110.1
111.2
110.0
111.3
113.0
78.1
110.7
104.0 108.4 109.1 108.2 108.8 111.7
116.8
117.9
115.6
119.6
105.2
112.6
114.9
114.5
115.3
105.2
106.2
117.7
115.8
115.3
116.3
100.5
106.1
117.1
113.4
113.7
113.2
100.2
104.9
118.9
112.8
112.8
112.8
104.9
106.0
119.3
107.2 107.3
113.6 114.3
114.1 116.2
113.2 112.3
88.7 101.6
105.0 103.8
120.2 120.3
115.0
116.9
112.8
108.2
105.8
121.3
80.3
71.7
73.2
70.9
68.6
66.8
65.1
63.6
111.0
108.8
113.3
112.4
114.5
111.5
111.5
111.5
114.2
112.5
114.0
113.9
114.1
112.8
112.8
112.8
113.7
112.2
113.4
113.3
113.6
112.8
112.8
112.8
112.8
112.8
113.5
113.5
113.5
112.2
112.2
112.2
114.7
113.6
114.5
114.6
114.5
112.7
112.7
112.7
113.9
114.7
115.0
113.7
116.6
112.9
112.9
112.9
112.8
114.9
116.5
116.3
116.7
113.1
113.1
113.1
115.6
116.1
117.8
116.9
118.8
114.1
114.1
114.1
114.3 112.9 114.2 111.6 114.4 113.2 112.9 108.4
108.6 109.4 109.3 108.9 109.2 109.1 109.6 110.4
110.5 111.9 111.9 111.3 111.9 112.4 112.4 113.6
Government purchases
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods . .
Nondurable goods
Commodity Credit Corporation
inventory change
Other nondurable!
Services
Compensation of employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures
Addenda:
Price indexes for government
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal national
defense purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal nondefense
purchases:
Chain-type annual weights . .
Benchmark-years weights
Price indexes for State and local
purchases:
Chain-type annual weights
Benchmark-years weignts
1991
1991
1992
II
III
IV
I
II
III
112.5
116.5
116.0
116.9
117.7
118.6
119.6
120.6
112.0
116.7
115.9
116.9
118.3
120.1
120.9
121.9
112.2
108.9
125.5
112.8
115.3
114.8
116.2
109.3
116.1
116.5
111.6
121.1
118.6
122.1
121.5
123.3
113.6
118.0
115.5
110.7
117.9
117.6
120.8
119.7
123.0
113.1
117.9
116,7
110.8
117.5
119.3
123.1
122.9
123.7
113.8
120.6
118.5
113.0
120.6
121.2
125.1
125.4
124.6
115.5
116.1
120.2
112.9
112.0
124.3
130.7
131.2
129.6
115.2
116.3
121.0
112.9
116.9
125.2
131.9
132.8
130.1
115.4
118.5
122.1
113.8
121.9
126.3
132.8
133.8
130.7
116.9
118.2
111.5 117.0 116.9 117.6 117.7 119.7 120.2 120.8
104.5 106.6 106.7 107.1 105.6 103.0 102.9 103.6
109.1
113.3
115.5
110.2
110.6
108.7
119.4
122.4
115.2
113.3
109.3
119.9
122.7
116.0
113.8
108.6
120.8
123.4
117.2
113.3
109.0
123.8
128.4
117.3
112.6
109.4
124.0
128.7
117.5
113.4
108.1
126.3
132.8
116.9
118.2
112.9
108.2
115.6
113.5
116.5
116.4 116.2 116.9
111.2 110.8 111.3
115.1 114.6 114.9
118.1 117.7 118.7
122.0 121.4 122.6
117.2
111.9
114.5
119.4
123.7
117.4
112.4
113.4
120.3
124.9
118.5
113.2
115.9
121.2
126.4
119.6
113.4
116.7
122.3
127.6
72.1
70.0
65.1
81.7
76.5
108.8
118.9
122.2
114.4
113.5
77.9
109.6 110.5 111.2
76.1
111.1
109.5 107.4 108.8
64.0
110.5
SURVEY OF CURRENT BUSINESS
October 1992
• 23
Table 7.12.—Price Indexes for National Defense Purchases, Fixed
1987 Weights
Table 7.14.—Implicit Price Deflators for Gross Domestic Product
by Sector
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1990
1991
1991
II
National defense purchases
Durable goods .
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support2l
Weaoons suooort
Personnel support
Transportation of material
Travel of persons
Other
Structures
Military facilities
Other
Addenda:
Price indexes for national defense
purchases:
Chain-type annual weights
Benchmark-years weights
III
Seasonally adjusted
1990
1992
IV
I
II
112.2
116.5
115.5
116.7
118.5
120.2
121.0
122.1
111.6
110.7
110.8
113.0
112.9
112.9
113.8
108.9 112.0
111.5 114.0
99.5 101.6
110.2 117.2
110.7 115.2
105.9 107.0
113.0 115.4
108.0 107.6
111.0
112.4
100.3
117.7
113.8
106.8
115.5
108.0
111.2
112.5
113.6
117.1
100.0
117.6 118.6
115.4 118.8
107.1 107.6
115.9 115.4
107.3 106.7
113.5 113.9 114.9
116.8 116.2 117.8
99.9 101.0 101.5
118.4 118.7 118.7
119.1 119.0 121.5
107.8 109.0 109.1
115.2 116.2 116.1
107.1 103.1 102.4
125.5
117.9
117.5
112.0
121.1
99.9
120.6
116.9
121.9
145.6 132.1 120.1 123.9 131.7 108.8 116.0 128.6
112.3 109.5 112.5 108.1 108.2 107.9 123.9 126.4
116.1 120.1 120.6 119.5 120.3 119.4 119.9 119.1
112.8
118.6
117.6
119.3
121.2
124.3
125.2
126.3
115.3
114.8
116.2
109.3
122.1
121.5
123.3
113.6
120.8
119.7
123.0
113.1
123.1
122.9
123.7
113.8
125.1
125.4
124.6
115.5
130.7
131.2
129.6
115.2
131.9
132.8
130.1
115.4
132.8
133.8
130.7
116.9
108.8
113.6
115.6
126.7
96.5 102.5
107.3 112.3
108.8
112.8
114.9
125.5
101.9
112.7
108.8
114.1
116.0
126.3
101.8
113.5
110.1
114.8
118.4
131.1
105.6
111.5
109.9
113.5
118.0
132.6
103.7
112.5
111.6
113.3
118.6
131.9
102.1
109.1
112.3
114.9
119.6
137.0
101.9
107.0
106.1
110.7
109.9
118.0
116.1
118.0
117.9
120.6
116.1
116.3
118.5
118.2
108.0 109.6 110.5 110.9 108.0 111.5 113.3 111.9
131.0 133.3 131.5 138.4 131.0 125.1 128.5 130.1
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
Table 7.13.—Implicit Price Deflators for the Relation of Gross
Domestic Product, Gross National Product, Net National Product,
and National Income
[Index numbers, 1987=100]
113.2
Gross domestic product
Plus: Receipts of factor 1income from
the rest of the world
113.8
Less: Payments of factor
income to the
1140
rest of the world2
113.2
Equals: Gross national product
108.6
Less: Consumption of fixed capital
113.8
Equals: Net national product
Less: Indirect business tax and nontax
i
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises .... 117.6
Statistical discrepancy
112.8
113.4
Equals: National income
Addenda:
1138
Net domestic product
113.4
Domestic income
117.8
117.5
118.2
118.9
119.8
120.6
118.7 118.4 119.4 120.1 121.2
122.0
1195
1191
120.2
121.1
122.3
123.1
117.8
117.4
118.2
118.9
119.8
120.6
121.2
110.0
110.2 109.7 110.0 109.5 110.4 111.0
118.8
118.4
119.4
120.1
121.2
1??0
128.4 125.8 130.7 130.7 131.2 131.1 134.3
117.1 116.8 117.5 118.0 118.8 119.5
117.8
117.7
118.2
1190
120.1 121.2 1220
119.1 120.2 121.1
1188
1184
1194
117.8
117.7
118.2
1?0,7 1?11
122.7
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
II
III
108.9
1991
1991
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions . .
....
General government
Federal
State and local
Addendum:
Gross domestic business product
less housing
iwwwuig
III
1992
IV
I
II
III
113.2
117.8
117.5
118.2
118.9
119.8
120.6
121.2
112.8
112.6
112.4
115.2
120.5
112.8
117.1
117.1
116.8
119.8
114.0
117.1
116.8
116.7
116.5
119.1
121.3
116.8
117.5
117.5
117.2
119.9
115.5
117.5
118.0
118.2
117.8
122.0
106.9
118.0
118.8
118.9
118.6
122.2
110.8
118.8
119.5
119.7
119.3
123.0
110.5
119.5
120.0
120.1
119.0
130.4
111.4
120.0
125.0 126.5
113.9 114.9
125.4 127.0
126.7
116.4
127.1
115.2 121.6 120.9 122.7 123.8
106.0 111.4 110.9 111.7 113.2
115.7 122.0 121.3 123.2 124.2
116.1 121.9 121.3 122.6
115.3 122.2 121.3 123.0
116.4 121.8 121.3 122.5
123.9 126.3 127.6 128.7
124.6 129.9 130.8 131.6
123.6 124.7 126.2 127.4
112.5 116.8
Table 7.15.—Current-Dollar Cost and Profit Per Unit of ConstantDollar Gross Domestic Product of Nonfinancial Corporate Business
[Dollars]
Current-dollar cost and profit
per unit of constant-dollar
gross domestic product *
Consumption of fixed capital
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
1.108
1.139
1.140
1.143
1.143
1.146
.120
.126
.127
.127
.126
.125
.126
.988
1.013
1.013
1.016
1.017
1.021
1.026
.118
.117
.106
.115
.114
.117
.117
900
900
903
908
.737
.759
.760
.763
.761
.760
.759
.091
.085
.086
.084
.086
.093
.100
034
030
030
031
030
033
037
.056
.052
.060
.050
.064
.049
882
.057
.054
898
.055
.053
899
1.151
.056
.053
.053
.053
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point
shitted two places to the left.
SURVEY OF CURRENT BUSINESS
24 • October 1992
Table 8.1 .—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
1990
1991
1991
II
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Personal consumption expenditures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
,.
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Presidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
5.2
Seasonally adjusted at annual rates
1990
1992
IV
III
I
II
II
III
5.2
4.0
2.8
6.2
4.3
4.5
1.7
1.2
.6
2.9
1.5
2.7
4.0
3.5
3.0
2.4
3.6
2.9
2.1
6.4
3.7
5.4
4.4
3.0
8.4
3.5
4.8
1.2
-.6
2.0
1.5
-.3
5.1
-.1
3.4
5.3
4.4
3.3
3.0
3.1
3.5
3.5
2.2
1.0
9.7
.8
4.5
2.8
-1.2
1.1
-3.9
1.7
-.3
-5.6
-.7
8.1
10.9
1.7
2.4
2.9
3.6
6.5
2.2
3.0
.4
1.3
-.6
.5
-1.3
-2.3
18.0
-3.1
16.5
-2.1
8.6
1.8
3.6
1.8
-1.2
7.5
1.1
4.0
-3.5
5.5
1.1
-1.5
1.7
6.1
3.6
1.7
.7
2.4
1.8
2.8
2.4
7.6
6.3
75
5.6
6.5
7.0
5.3
4.3
1.9
1.1
3.0
1.2
2.3
2.2
1.2
3.1
5.6
5.3
4.G
4.3
4.0
4.9
3.8
2.1
-3.9
-9.8
2.7
13.3
1.8
-7.2
31.2
1.9
-5.7
-10.6
2.2
14.6
2.9
-4.6
29.5
4.3
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Residential:
Current dollars
.. .
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Exports of goods and services:
Current dollars
Quantity indexes:
CivnH 1QP7 lAiPinhto
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Imports of goods and services:
Current dollars
Quantity indexes:
FiYPrl 1QR7 u/pinhtc
1992
1991
1991
4.0 -10.4
IV
III
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
III
-19.2 -12.8
.9
.5 -15.5
.8 -12.0 -10.6 -20.8 -11.5
2.7
-.8 -17.7
-9.7
3.1
1.7
1.1
2.2
-1.6
.5
-4.1
-.9
2.5
-4.2
2.1
23.0
1.2
-1.0
-4.6
.7
6.0
-2.4
3.2
24.1
8.5
2.0
-.1
.6
-6.6
-11.7
8.1
18.3
-9.1
-12.6
7.0
14.4
2.7
.9
.7
9.6
7.4
2.1
8.1
5.8
1.7
2.1
15.6
16.6
-.3
5.1
6.5
3.0
-.1
15.6
3.7
1.0
-7.9
7.0
4.5
1.2
2.8
1.2
.2
4.2
3.5
1.8
6.2
4.9
2.0
1.2
-.3
4.5
4.1
1.1
1.6
8.5
11.3
-1.3
1.6
20.1
12.6
.4
-.7
14.4
3.4
13.3
2.9
2.4
.6
4.2
5.5
-.6
1.1
2.3
15.5
-2.1
6.2
1.4
19.4
3.3
.5
2.5
4.0
-1.7
.9
-1.4
1.9
2.1
1.0
17.6
1.0
14.7
6.9
13.7
6.1
17.1
4.2
3.5
-.6
3.1
oq
4.8
5.9
.9
•j -j
4.8
2.2
4.9
-3.0
1.7
12
2.0
3.0
3.5
3.5
Price indexes:
FivpH 1QA7 wpinhtc
II
I
-2.3
-1.7
Ohflin-h/np annual wpinhte
Benchmark-years weights
Price indexes:
FiYpri 1QA7 u/pinhtc
—.7
-2.8
-7.8
-8.5
c
-3.1
6.4
15.4
-.8
1.0
-1.2
7.4
15.2
L
1.8
-1.0
-.3
.1
1.5
-1.9
.3
0
2.5
1.6
1.7
-6.3
-4.0
-5.3
-7.0
1.8
15.4
-4.1
—A
-7.0
-3.1
-3.4
-5.2
3.0
16.1
.3
2.4
'1.9
i
5
.3
1.2
1.2
1.2
Chain-type annual weights
Benchmark-years weights
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weiohts
Benchmark-years weights
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
-1.2
2.9
2.7
-2.4
-5.6
3.9
-6.5
-9.0
-3.0
3.5
5.0
6.0
6.4
-2.7
2.8
4.4
3.4
4.7
3.1
-7.6
-4.8
-8.7
-1.4
-2.4
8.5
.7
— .e.
-5.6
-9.4
-13.0
-7.7
-5.2
6.9
4.5
3.9
,4
3.9
6.5
5.6
3.2
3.9
SURVEY OF CURRENT BUSINESS
Table 8.1 .—Percent Change From Preceding Period in Selected
Series
October 1992 • 25
Table 8.2.—Selected Per Capita Product and Income Series in
Current and Constant Dollars and Population of the United States
[Dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Addenda:
Final sales of domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weignts
Benchmark-years weights
Gross domestic purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Final sales to domestic purchasers:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross national produceCurrent dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weignts
Benchmark-years weights
Command-basis gross national
product:
Quantity index, fixed 1987 weights ...
Disposable personal income:
Current dollars
1987 dollars
10.5
5.8
4.5
10.0
5.2
4.8
I
IV
III
II
18.7
4.3
2.6
16.6
1.5
2.3
3.2
1990
1992
2.3
.3
II
17.9
9.7
7.3
II
III
5.3
3.3
1.5
1.2
-1.4
1.7
7.5
4.3
2.9
3.3
2.2
5.3
3.9
4.0
3.4
1.2
.6
.9
1.4
5.1
-.2
.4
3.9
3.1
2.3
2.5
5.7
3.1
4.7
2.4
1.3
8
1.3
5
4.5
4.0
3.6
2.9
4.9
.1.9
4.2
.4
-1.8
1.7
.9
2.2
.8
4.0
3.6
8.0
2.6
4.0
0
4.7
1
2.1
2.4
3.6
3.1
2.1
4.8
2.0
5.6
6.4
4.4
2.4
-.4
3.0
3.4
3.3
4.6
3.8
2.5
2.9
2.5
3.1
3.2
2.4
5.4
2.2
3.7
3.2
1.4
7.4
4.7
3.9
1.3
.7
-.9
4.7
1.7
2.7
3.8
2.6
2.8
2.5
3.1
3.2
2.4
2.7
4.3
3.7
2.7
6.8
3.4
.8
1.0
.4
3.6
.7
3.5
3.0
2.4
3.6
2.9
1.7
1.3
.3
4.3
.3
5.3
1.9
3.7
.7
5.5
2.2
7.3
4.0
4.8
1.2
.8
4.6
5.2
.9
4.5
.7
6.8
1.5
-1:4
-1.2
4.0
-1.0
4.1
-.2
1.4
0
NOTE.—Except for disposable personal income, the quantity and price indexes in this table are calculated from
weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixed
weighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type
indexes with annual weights use weights for the preceding and current years, and the indexes with benchmarkyears weights use weights of 1959, 1963,1967, 1972,1977,1982, and 1987 and the most recent year.
1991
1991
Current dollars:
Gross domestic
product
Gross national
product
Personal income .
Disposable
personal
income
Personal
consumption
expenditures ...
Durable goods
Nondurable
goods
Services
Constant (1987)
dollars:
III
1992
IV
I
II
III
22,092
22,466
22,422
22,577
22,671
22,958
23,141
22,175
18,660
22,535
19,106
22,488
19,050
22,629
19,151
22,713
19,337
23,035
19,578
23,169
19,717 ""19!766
16,174
16,658
16,604
16,706
16,885
17,143
17,297
17,308
14,996
1,857
15,384
1,765
15,345
1,749
15,468
1,790
15,537
1,775
15,814
1,845
15,907
1,845
16,048
1,883
4,899
8,240
4,952
8,666
4,971
8,625
4,961
8,717
4,931
8,831
5,008
8,960
5,009
9,053
5,043
9,122
23,328
Gross domestic
product
19,513 19,077 19,090 19,094 19,066 19,159 19,182 19,252
Gross national
product
19,587 19,138 19,149 19,141 19,104 19,225 19,208
Disposable
personal
income
14,068 13,886 13,891 13,876 13,913 14,017 14,021 13,982
Personal
consumption
expenditures ... 13,044 12,824 12,838 12,848 12,803 12,930 12,893 12,964
Durable goods
1,757
1,641
1,630
1,658
1,716
1,639
1,700
1,686
Nondurable .
4,227
4,147
goods
4,125
4,129
4,105
4,081
4,126
4,099
7,062
Services
7,059
7,058
7,061
7,082
7,104
7,143
7,108
Population (midperiod,
thousands)
249,961 252,711 252,329 253,053 253,776 254,388 255,054 255,795
SURVEY OF CURRENT BUSINESS
26 • October 1992
Table 8.3.-Auto Output
[Billions of dollars]
Table 8.4.—Auto Output in Constant Dollars
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
Auto output
Final sales
Personal consumption expenditures ..
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
Change in business inventories of
new and used autos
New
Used
Addenda:
Domestic output of new autos 1
Sales of imported new autos2
129.7
1991
1991
119.7
II
III
118.8
125.0
Seasonally adjusted at annual rates
1990
1992
IV
I
122.3 125.1
II
135.0 136.1
132.9 119.7 119.8 120.9 120.8 129.9 130.3 131.9
130.4 115.3 112.0 117.7 117.5 124.4 122.0 121.4
96.7
33.7
35.5
55.1
79.5
35.8
36.6
59.8
78.5
33.5
36.8
60.2
78.7
39.0
38.8
65.0
82.7
34.8
35.7
58.1
87.6
36.7
36.0
57.6
83.1
38.9
38.7
65.2
81.0
40.4
36.5
62.7
-19.6 -23.3 -23.3 -26.3 -22.4 -21.6 -26.5 -26.2
-35.4 -33.9 -30.6 -37.1 -33.8 -32.0 -32.0 -27.8
10.5
45.9
2.4
-3.2
-2.3
9
99.5
61.3
11.7
45.6
1.7
0
-.3
.4
94.7
56.2
10.9
41.6
13.3
50.4
1.7
-1.0
-3.1
2.1
90.4
58.4
11.7
45.5
1.6
1.3
4.1
3.9
.2
1.5
.7
.8
99.4
60.7
98.0
54.5
12.4
44.4
1.5
-4.8
-3.1
17
98.5
56.8
13.4
45.4
16.7
44.5
1.7
1.7
4.7
2.9
1.8
4.1
3.4
.8
104.8 103.7
61.1
58.6
1991
1991
II
III
Auto output
Final sales
Personal consumption expenditures ..
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
Change in business inventories of
new and used autos
New
Used
Addenda:
Domestic output of new autos l
Sales of imported new autos2
121.7
109.3
125.8 109.2
125.0 107.6
91.6
33.4
33.3
52.1
72.6
35.0
32.4
54.7
110.7
109.1
III
2.2
-4.1
-3.3
-.8
93.3
58.1
42.8
II
III
112.2
109.4 111.2
121.4
119.7
104.7
109.1
108.3
117.7
115.0
115.6
110.8
115.3
108.5
71.8
32.9
32.5
55.0
71.6
37.3
34.2
59.1
75.0
33.3
31.4
52.7
79.2
35.8
31.2
52.0
74.3
36.6
33.5
58.3
71.9
36.6
32.0
55.7
-21.3 -20.8 -24.8
-31.7 -29.7 -30.2
-23.6
-26.6
11.2
40.8
14.8
41.4
39.5
47.6
10.6
42.3
1.5
1.4
1.3
1.2
.1
-.5
•6
1.6
-.7
2.2
3.4
2.9
.5
.3
-.7
1.1
86.4
51.4
I
108.8
108.9
-18.9 -22.3 -22.5 -25.0
-34.6 -32.2 -29.6 -35.6
9.9 10.6
9.9 12.0
44.5
1992
IV
84.2
53.4
89.9
55.2
1.3
-6.6
-4.9
-1.7
88.0
49.4
87.1
51.3
11.9
42.1
1.4
1.4
5.8
4.1
1.7
4.5
3.8
.7
94.8
54.6
92.7
52.0
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.
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
Table 8.5.-Truck Output
[Billions of dollars]
Table 8.6.—Truck Output In Constant Dollars
[Billions of 1987 dollars]
Truck output *
Final sales
Persona! consumption expenditures ..
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
1. Includes new trucks only.
72.4
735
67.9
69.1
71.6
72.9
78.0
81.7
82.1
694
699
703
711
711
844
83?
39.4
33.1
-5.4
36.2
30.9
-3.8
34.8
29.6
-2.1
38.1
30.9
-4.2
38.6
33.8
-5.4
37.9
34.0
-6.5
43.2
37.1
-4.3
43.4
38.2
-5.0
4.2
5.4
6.2
5.4
9.6
6.3
9.2
6.0
8.3
7.5
9.6
5.5
-.7
1.3
-1.0
-1.5
5.3
10.7
4.6
11.1
4.1
5.6
1.8
6.9
6.2
10.5
8.4
-2.7
5.4
10.4
6.6
-1.1
Truck output1
Final sales
Personal consumption expenditures ..
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
1. Includes new trucks only.
67.0
68.0
36.4
30.6
-5.0
39
8.9
5.8
-1.0
60.4
62.0
63.4
64.1
68.1
70.2
70.0
61.7
32.0
27.7
-3.3
62.6
30.9
26.8
-1.9
62.3
33.5
27.6
-3.7
62.5
33.8
29.8
-4.8
62.0
33.0
29.7
-5.7
72.4
37.0
31.9
-3.7
70.9
37.0
32.6
-4.2
48
82
5.4
-1.3
56
7.5
6.8
49
8.5
4.9
47
9.4
3.6
40
9.7
4.9
-.6
1.2
1.7
6.1
53
90
7.2
-2.3
46
89
5.6
-.9
SURVEY OF CURRENT BUSINESS
October 1992
NIPA Charts
Dec. Nov.
P
T
1964 65
66 67
68 69
70 71 72
Nov.
P
73
Mar.
T
74 75
76 77
78 79
81
82
83
84
85
86
87
89 90
91 1992
28 • October 1992
SURVEY OF CURRENT BUSINESS
Percent Change
10
10
1
REAL GROSS DOMESTIC PRODUCT
In
,
GROSS DOMESTIC PURCHASES PRICE INDEX
(FIXED WEIGHTS)1
•!•
.-10
1989
10
1990
1991
1992
1989
500
REAL GROSS DOMESTIC PURCHASES1
1990
JllUIl
1991
CORPORATE PROFITS WITH IVAAND CCAdj2
400
i III
• n^
300
200
-10
100
1989
10
1990
1991
1992
Percent
10
1
REAL DISPOSABLE PERSONAL INCOME
I .11.
I
1989
1990
1991
1992:
1. Percent change at annual rats from preceding quarter; based on seasonal^ adjusted estates,
2. Seasonally adjusted annual rate; IVA is inventory valuation adjustment, and CC Ad| is capital
consumption ac|ustment.
3. Personal saving as percentage of disposable personal income; based on season"- •i*«*-* «***«*-
19$1
1992
1991
1992
PERSONAL SAVING RATE3
1.1 I.
I
-10
1989
1990
1
1989
1990
October 1992
SURVEY OF CURRENT BUSINESS
Summary Fixed Reproducible Tangible Wealth Series, 1925-91
Summary estimates of fixed reproducible tangible wealth in the United States are presented in tables 1-4 for the entire
period for which these series are available. These tables summarize the detailed wealth estimates that appeared in the January
1992 and August 1992 issues of the SURVEY OF CURRENT BUSINESS. More detailed estimates, the investment series and service
lives used to derive the estimates, and an updated statement of methodology will be available soon in Fixed Reproducible
Tangible Wealth in the United States, 1925-89; the availability of this publication will be announced in the SURVEY.
NOTE.—John C. Musgrave prepared the wealth estimates.
Table 1.—Current-Cost Gross Stock of Fixed Reproducible Tangible
Wealth, 1925-91
Table 2.-Current-Cost Net Stock of Fixed Reproducible Tangible
Wealth, 1925-91
[Billions of dollars]
[Billions of dollars]
Fixed private capital
Yearend
Government-owned fixed
capital
Nonresidential
Total
Rpej.
ncol
Total
Total
1925
1926
1927
1928
1929
419.9
434.6
446.1
460.9
466.8
311.0
1930
1931
1932
1933
1934
445.5
327.0
399.1
368.4
382.1
397.0
Equipment
Structures
dential
^tatP
oidlc
Total
Federal
and
local
Durable
goods
owned
by consumers
Yearend
Total
Total
54.5
57.0
58.5
59.5
60.1
126.8
129.8
132.2
133.9
133.1
129.6
134.7
138.2
146.3
150.7
48.4
49.8
51.1
52.4
52.8
11.9
11.9
11.7
11.6
11.4
36.5
37.9
39.4
40.8
41.5
60.5
63.3
66.1
68.8
70.2
1925
1926
1927
1928
1929
250.7
260.2
58.1
54.5
51.4
50.8
51.3
125.1
111.9
103.6
105.2
107.7
143.8
125.2
111.5
116.9
122.5
51.3
46.6
46.6
54.3
60.1
10.7
291.6
266.4
272.8
281.5
183.2
166.4
155.0
156.0
159.0
67.3
60.9
55.4
54.9
55.5
1930
1931
1932
1933
1934
264.5
232.9
10.9
12.4
40.6
36.9
37.0
43.4
47.6
405.0
435.0
460.5
465.3
475.5
285.7
305.9
326.2
328.9
334.9
161.4
170.8
180.2
178.9
180.2
51.0
52.7
55.7
55.7
56.1
110.4
118.2
124.5
123.1
124.1
124.3
135.0
146.0
150.0
154.7
64.2
72.2
75.4
77.8
81.1
13.9
16,7
17.4
18:3
19.5
50.4
55.4
58.0
59.6
61.6
55.1
56.9
59.0
58.6
59.5
509.3
576.9
356.2
388.7
189.0
661.5
750.2
824.9
218.7
223.7
228.2
129.8
141.1
151.7
156.2
159.6
167.2
183.1
197.1
213.2
230.2
22:5
34.6
70.8
436.9
458.4
59.2
64.5
66.9
67.5
68.6
89.1
205.6
12612
176.1
66.6
78.3
89.1
91.1
89.5
64.1
75.2
85.8
96.0
1945
1946
1947
1948
1949
913.0
1,038.4
1,177.1
1,249.0
1,280.7
496.4
589.5
695.0
757.9
792.0
248.7
299.0
353.7
386.3
402.4
75.3
89.9
247.7
290.6
313.8
335.1
346.9
337.1
319.5
21&8
94.0
226.2
107.8
125.6
138.9
173.4
209.1
245.8
260.7
263.4
218.2
198.5
181.0
1950
1951
1952
1953
1954
1,392.6
1,524.9
1,608.3
1,668.3
1,738.6
868.3
946.4
993.8
1,031.4
1,075.6
441.1
483.4
509.1
529.7
549.5
158.3
178.4
192.8
207.9
221.3
282.9
427.1
462.9
484.7
501.6
526.0
323.9
1955
1956
1957
1958
1,155.1
1,241.8
1,300.8
1,341.1
1,394.7
594.8
654.3
693.9
243.2
272.9
297.3
427.4
468.7
715.5
742.7
311.8
328.8
351.5
381.4
396.6
403.6
413.9
560.4
587.5
606.9
625.6
1959
1,866.0
2,023.7
2,117.1
2,191.9
2,278.1
1960
1961
1962
1963
1964
2,350.8
2,430.1
2,529.6
2,624.4
2,755.2
1,436.8
1,480.0
1,532.6
1,579.4
1,666.0
761.0
780.9
808.2
838.5
879.9
341.7
350.9
365.1
381.5
402.6
419.2
430.0
443.2
457.0
477.3
675.9
1965
1966
1967
1968
1969
2,909.6
3,148.0
3,368.2
3,710.2
4,067.4
1,764.5
1,914.5
2,042.0
2,265.9
2,487.9
941.1
1,024.4
1,104.0
i.215.0
1,334.9
431.1
474.2
519.5
570.1
619.1
823.4
510.0
550.2 890.1
584.5 938.0
644.9 1,050.9
715.8 1,153.0
1970
1971
1972
1973
1974
4,428.2
4,847.4
5,367.8
6,044.9
7,127.2
2,689.0
2,973.9
3,367.5
3,827.1
4,456.7
1,469.6 679.5 790.1 1,219.4 1,059.6
1,619.0 734.0 885.0 1,354.9 1,151.2
1,797.2 791.4 1,005.8 1,570.3 1,222.3
2,035.1 879.1 1,156.0 1,792.0 1,359.4
2,435.8 1,089.7 1,346.1 2,020.9 1,664.8
1975
1976
1977
1978
1979
7,843.4
8,577.0
9,622.8
11,056.1
12,683.5
4,978.7
5,502.8
6,236.7
7,169.2
8,233.9
<2,754.6
3,023.4
3,371.6
13,832.1
4,397.2
1,264.5
1,405.3
1,576.6
1,791.8
2,057.5
1,490.1
1,618.1
1,794.9
2,040.3
2,339.7
2,224.1
2,479.4
2,865.1
3,337.1
3,836.7
1,745.6
1,840.4
2,014.3
2,345.5
2,691.9
1980
1981
1982
1983
1984
14,306.0
15,670.2
16,526.5
17,277.1
18,259.0
9,364.1
10,387.1
11,004.6
11,476.5
12,082.5
5,072.1
5,755.3
6,186.1
6,442.8
6,786.9
2,388.7
2,723.3
2,939.0
3,066.6
3,213.7
2,683.4
3,031.9
3,247.1
3,376.2
3,573.2
1985
1986
1987
1988
1989
19,329.7
20,502.6
21,774.4
22,965.5
24,361.2
12,746.6
13,535.7
14,387.6
15,077.9
16,022.3
7,156.4
7,550.1
7,930.6
8,488.0
9,012.4
3,373.6
3,599.2
3,775.0
4,009.9
4,256.9
3,782.8
3,950.9
4,155.6
4,478.2
4,755.5
1990
1991
1936
........
1937
1938
1939
1940
1941
1942
1943
1944
,.
Nonresidential
Total
181.4
186.8
190.7
193.4
193.1
1935
Government-owned fixed
capital
Fixed private capital
182.8
189.5
194.1
200.8
203.2
Equipment
Structures
Residential
Total
Federal
8.4
8.1
7.8
7.5
7.2
6.7
5.9
5.8
6.8
7.8
8.8
Durable
goods
owned
State by
conand
local sumers
26.7
27.7
28.8
29.7
30.2
32.7
34.8
36.5
37.9
38.8
29.6
26.8
26.8
31.2
33.9
36.6
32.2
28.1
27.0
26.7
35.4
38.8
40.2
41.2
42.6
26.4
27.7
29.4
29.2
30.1
45.8
53.5
60.1
60.2
57.9
33.2
37.9
41.7
44.9
46.1
59.5
67.8
79.5
85.3
85.1
46.2
53.2
65.1
76.3
86.6
93.2
109.7
120.4
125.8
105.3
110.7
110.7
116.5
108.2
124.4
134.0
143.0
147.1
310.3
318.5
134.1
142.7
146.7
149.3
152.1
128.7
144.1
153.9
161.0
166.4
157.3
171.9
176.2
182.0
189.0
154.4
158.8
164.6
168.3
170.7
173.8
183.8
197.7
211.4
224.7
193.7
196.8
202.3
212.8
223.7
236.1
258.5
283.2
314.2
343.7
102.8
104.7
105.9
106.0
29.4
30.8
31.4
31.8
32.3
70.3
71.9
73.3
74.1
73.7
83.0
86.8
89.4
94.8
97.3
35.1
35.8
36.5
37.2
37.4
210.4
214.9
220.5
191.7
168.0
149.6
150.0
152.2
99.7
88.8
80.1
78.2
78.0
30.8
27.9
24.9
23.5
23.1
69.0
60.8
55.1
54.6
54.8
91.9
79.2
69.5
71.8
74.2
36.2
32.8
32.7
37.9
41.6
1935
1936
1937
1938
1939
223.1
240.0
253.9
255.3
260.8
152.4
162.5
173.2
173.3
175.8
78.0
82.3
87.2
85.7
85.7
22.8
24.0
26.3
26.3
26.7
55.2
58.3
60.9
59.4
59.1
74.5
80.2
86.0
87.7
90.0
44.2
49.7
51.3
52.8
54.9
280.4
187.1
90.1
98.9
103.6
104.1
105.4
61.2
66.2
70.2
71.1
! 71.6
106.0
112.9
120.4
128.1
60.1
77.4
216.5
224.5
233.4
28.9
32.7
33.4
33.0
33.7
97.0
320.1
371.4
424.0
461.0
204.9
101.0
1940
1941
1942
1943
1944
108.9
123.7
138.6
138.6
102.8
113.7
135.2
154.0
169.1
1945
1946
1947
1948
1949
498.1
554.3
627.0
674.3
697.5
251.4
302.1
363.0
404.3
428.4
115.4
141.8
172.5
193.6
205.2
38.4
47.7
60.6
73.4
82.2
77.1
; 94.1
172.6
181.2
190.9
200.5
208.3
151.3
170.8
179.3
179.0
187.2
200.4
226.6
244.3
257.5
267.6
1950
1951
1952
1953
1954
774.1
856.0
911.5
957.4
1,002.3
477.7
526.5
557.0
583.4
94.6
612.9
228.4
253.5
268.8
282.7
295.0
133.9
146.7
154.3
159.8
165.8
221.9
239.7
248.0
252.4
259.4
205.4
283.5
1955
322.0
313.1
324.9
345.1
363.1
1956
1958
1959
1,084.6
1,178.7
1,235.3
1,276.4
1,328.0
664.5
229.1
243.4
253.4
261.0
719.9
758.6
784.1
820.5
358.1
383.0
395.2
411.7
141.4
158.2
171.8
177.7
186.2
266.9
276.5
290.4
300.0
309.8
271.6
286.1
306.5
326.1
344.7
375.5
387.4
400.2
1960
1961 :..
1962
849.5
878.2
419.0
434.8
1963
1,371.3
1,417.6
1,478.5
1,539.5
1,625.1
947.0
1,006.0
423.5
435.7
453.4
472.9
500.4
322.7
340.8
357.2
375.0
373.4
411.9
448.4
498.2
559.8
449.0
480.9
520.5
1965
1966
1967
1968
1969
1,074.7
1,175.5
1,258.1
1,403.2
1,548.3
542.3
598.7
649.4
571.2
621.6
1,730.2
1,890.7
2,033.0
2,256.8
2,487.5
424.1
' 635.5 679.7
446.2 704.9 722.4
774.2 778.0
448.1
887.0 858.4
472.3
533.8 1,131.0 1,005.6
1970
1971 ........
1972
1973
1974 L
2,707.8
2,965.1
3,294.4
3,722.4
4,373.0
878.8
1,673.8
1,854.6 967.7
2,110.5 1,076.4
2,408.3 1,223.1
2,794.3 1,459.5
563.9 1,181.7 1,119.1
607.6 1,232.8 1,233.8
651.9 1,362.4 1,371.8
722.7 1,622.8 1,541.5
797.9 1,894.0 1,757.7
1975
1976
1977
1978
1979
4,773.7
5,192.1
5,820.9
6,694.3
7,682.0
3,101.5
3,415.4
3,872.6
4,462.0
5,132.7
906.9
1,638.0 731.2
1,784.5 805.7 978.8
1,981.4 900.9 1,080.5
2,250.8 1,024.9 1,225.9
2,585.6 1,178.4 1,407.2
1,463.4
1,630.9
1,891.2
2,211.2
2,547.1
1,076.5
1,124.0
1,222.7
1,417.2
1,624.9
778.3
298.1
317.1
807.0
338.0 884.7
372.7 1,044.5
415.0 1,209.9
4,292.0
4,631.8
4,818.5
5,033.7
5,295.6
885.0 2,093.7 1,963.3
2,978.7
968.0 2,173.4 2,141.7
3,141.4
3,237.1 1,018.0 2,219.1 2,284.9
3,368.0 1,066.6 2,301.5 2,432.5
3,568.4 1,119.3 2,449.0 2,608.2
1980
1981
1982
1983
1984
8,619.0
9,373.7
9,792.1
10,172.1
10,734.4
5,814.2
6,412.9
6,737.3
6,987.0
7,348.0
2,974.2
3,363.3
3,589.0
3,707.1
3,899.4
1,359.8
1,539.6
1,637.1
1,687.6
1,765.6
1,614.5
1,823.8
1,951.9
2,019.5
2,133.8
2,840.0
3,049.6
3,148.3
3,279.9
3,448.6
1,790.5
1,874.5
1,921.1
1,991.3
2,104.9
464.2 1,326.3 1,014.3
508.5 1,366.1 1,086.2
537.1 1,384.0 1,133.7
567.8 1,423.5 1,193.8
600.7 1,504.3 1,281.5
5,590.2
5,985.6
6,457.0
6,589.9
7,009.9
3,771.9
3,916.4
4,083.5
4,305.9
4,516.2
2,811.1
3,050.5
3,303.3
3,581.7
3,822.7
1985
1986
1987
1988
1989
11,367.3
12,062.7
12,802.9
13,458.4
14,244.6
7,751.8
8,224.3
8,729.1
9,108.3
9,650.3
4,112.7
4,322.2
4,515.9
4,810.3
5,084.2
1,851.8
1,968.6
2,053.1
2,173.9
2,298.6
2,260.8
2,353.6
2,462.8
2,636.4
2,785.6
3,639.1
3,902.1
4,213.2
4,298.0
4,566.1
2,224.5
2,310.9
2,414.3
2,541.8
2,664.7
640.7
677.6
711.8
745.8
789.3
25,651.6 16,893.8 9,507.0 4,542.9 4,964.2 7,386.7 4,713.3 1,469.3 3,244.0 4,044.5
26,698.9 17,489.0 9,784.1 4,674.4 5,109.7 7,704.9 4,903.9 1,543.1 3,360.8 4,306.0
1990
1991
14,936.0 10,130.0 5,334.2 2,439.8 2,894.3 4,795.9 2,775.3
15,411.5 10,411.6 5,438.2 2,483.8 2,954.3 4,973.4 2,877.3
321.5
328.8
339.7
343.8
415.8
305.1
316.3
321.8
328.2
341.4
371.6
389.7
651.9
699.1
724.3
740.9
786.0
112.9
159.9
217.3
265.6
351.9
370.2
379.4
395.4
491.4
505.8
520.4
538.5
562.6
596.9
626.1
654.5
696.1
752.7
805.6
873.2
957.9
9.7
9.6
398.1
1,176.1
1,226.7
1,269.4
1,324.5
1,394.0
2,595.8
2,689.7
2,814.1
2,981.4
3,122.3
1957
1964
267.1
275.9
279.4
913.8
99.8
719.3
796.3
111.9
120.2
122.9
106.8
114.5
122.9
129.2
113.2
154.7
181.5
136.0
160.3
190.5
210.7
223.3
200.5
249.3
188.2
205.1
220.5
231.1
242.3
273.1
288.2
300.7
317.9
199.0
198.9
193.8
182.5
10.9
11.1
11.6
12.3
14.3
23.9
53.1
94.4
123.6
141.0
131.1
119.4
108.5
97.3
95.1
99.7
180.6
199.9
21 1.2
217.4
225.5
342.5
192.4
196.0
203.5
212.5
225.3
231.1
239.7
249.9
260.4
275.1
426.0
442.4
460.4
474.1
505.6
328.1
342.7
362.3
379.7
395.4
244.0
272.3
300.0
330.7
298.2
326.4
349.4
388.6
435.0
532.5
576.9
608.7
683.9
752.0
419.4
456.6
491.6
539.4
595.4
174.5
184.8
193.7
206.3
219.9
244.9
795.0 661.6
886.8 716.8
542.1
618.1 1,034.0 759.2
710.4 1,185.2 843.6
823.9 1,334.8 1,034.6
235.2
244.3
426.4
472.5
241.5
252.8
285.1
590.8
749.5
361.4
396.2
425.6
458.3
512.7
635.6
1
1
361.8
375.6
389.0
408.8
262.8
286.9
300.6
482.6
271.8
297.9
333.1
375.6
517.7
1,583.8
1,633.3
1,702.5
1,796.0
1,875.3
372.4
393.7
424.7
470.5
544.2
595.7
652.8
725.5
815.2
924.4
1,391.1
1,527.5
1,659.5
1,808.4
1,929.6
833.4 1,941.9 2,030.7
872.8 2,004.5 2,122.7
SURVEY OF CURRENT BUSINESS
3O • October 1992
Table 3.—Constant-Cost Gross Stock of Fixed Reproducible Tangible
Wealth, 1925-91
Table 4.-Constant-Cost Net Stock of Fixed Reproducible Tangible
Wealth, 1925-91
[Billions of 1987 dollars]
[Billions of 1987 dollars]
Fixed private capital
Yearend
Structures
Government-owned fixed
Durable
capital
goods
owned
ResiState
by condential Total Federal and
sumers
local
Nonresidential
Total
Total
Total
Equipment
Government-owned fixed
capital
Fixed private capital
Yearend
Nonresidential
Total
Total
Total
Equipment
Structures
Residential
Total
Federal
State
and
local
Durable
goods
owned
ay consumers
1925
1926
1927
1928
1929
4,052.9
4,197.2
4,331.6
4,460.2
4,585.3
3,338.3
3,448.4
3,546.9
3,638.5
3,724.8
1,913.7
1,968.3
2,015.4
2,059.9
2,114.0
492.1
508.2
518.6
529.2
545.0
1,421.7
1,460.1
1,496.8
1,530.7
1,569.0
1,424.5
1,480.1
1,531.5
1,578.7
1,610.8
455.0
474.8
497.1
520.3
543.7
124.1
125.0
125.8
126.3
127.0
330.9
349.8
371.3
394.0
416.7
259.6
274.1
287.6
301.4
316.8
1925
1926
1927
1928
1929
2,429.7
2,522.4
2,605.2
2,681.1
2,752.3
1,964.3
2,035.5
2,096.6
2,150.2
2,197.7
1,052.1
1,082.0
1,106.1
1,127.5
1,158.2
263.6
272.1
275.8
279.7
288.9
788.5 912.2
809.9 953.5
830.3 990.5
847.8 1,022.7
869.3 1,039.4
336.6
350.4
365.1
379.9
87.7
85.5
83.3
81.3
79.9
237.4
251.1
267.1
283.7
300.0
140.2
150.3
158.3
165.9
174.7
1930
1931
1932
1933
1934
4,672.2
4,717.7
4,717.0
4,698.8
4,691.6
3,775.7
3,788.7
3,767.2
3,736.4
3,711.7
2,149.4
2,151.4
2,129.1
2,099.5
2,074.5
552.0
546.7
532.4
516.5
504.0
1,597.4
1,604.7
1,596.6
1,583.1
1,570.6
1,626.3
1,637.2
1,638.1
1,636.8
1,637.2
572.0
601.6
626.4
644.5
667.6
128.5
131.1
135.1
141.1
148.7
443.5
470.5
491.3
503.4
518.9
324.5
327.5
323.5
317.9
312.3
1930
1931
1932
1933
1934
2,785.4
2,779.0
2,730.3
2,669.7
2,625.7
2,210.4
2,187.2
2,131.6
2,071.0
2,021.0
1,170.9
1,151.7
1,109.9
1,065.0
1,028.7
289.0
277.6
257.9
239.0
226.3
881.9
874.0
852.1
826.0
802.5
1,039.6
1,035.6
1,021.7
1,006.0
992.2
399.4
419.6
434.7
442.3
454.5
79.3
79.9
81.9
85.4
90.3
320.1
339.8
352.8
356.9
364.3
175.5
172.2
164.0
156.3
150.2
1935 .
1936
1937
1938
1939
4,698.5
4,741.7
4,792.3
4,822.8
4,874.4
3,697.4
3,702.9
3,719.4
3,716.6
3,723.9
2,054.7
2,048.3
2,051.3
2,035.4
2,021.8
496.0
496.5
501.2
494.9
491.4
1,558.7
1,551.9
1,550.1
1,540.5
1,530.3
1,642.7
1,654.6
1,668.0
1,681.3
1,702.1
691.8
728.3
759.1
794.1
834.7
158.9
168.8
177.9
187.1
196.8
532.9
559.5
581.2
607.0
637.9
309.2
310.5
313.8
312.1
315.9
1935
1936
1937
1938
1939
2,601.1
2,616.2
2,639.1
2,641.7
2,666.8
1,985.5 1,001.4
1,973.0 990.3
1,972.8 990.1
1,954.5 971.9
1,948.4 958.0
220.3
224.1
232.6
229.5
229.8
781.0
766.3
757.5
742.4
728.2
984.2
982.7
982.7
982.6
990.4
467.6
492.3
510.7
532.6
559.5
97.3
103.9
109.3
114.3
119.7
370.2
388.4
401.4
418.3
439.9
148.0
150.9
155.5
154.5
158.8
1940
1941
1942
1943
1944
4,943.2
5,093.7
5,357.4
5,716.8
6,025.7
3,745.5
3,780.5
3,768.2
3,736.5
3,717.5
2,020.0
2,028.9
2,010.7
1,982.4
1,968.4
496.8
508.3
507.2
503.6
509.2
1,523.2
1,520.6
1,503.5
1,478.8
1,459.2
1,725.5 873.1 212.2
1,751.6 974.5 297.7
1,757.5 1,245.8 561.5
1,754.1 1,635.0 949.3
1,749.1 1,962.9 1,276.9
660.9
676.8
684.3
685.7
686.0
324.6
338.8
343.4
345.3
345.3
1940
1941
1942
1943
1944
2,708.5
2,811.6
2,997.5
3,229.5
3,372.5
1,957.7
1,980.8
1,953.5
1,909.4
1,879.6
956.9
967.1
947.0
918.8
906.0
238.4
252.6
250.4
245.8
251.1
718.6 1,000.8 583.7
714.5 1,013.7 662.0
696.6 1,006.5 878.4
673.0 990.6 1,159.7
654.8 973.6 1,337.9
130.2
202.3
420.9
710.2
897.1
453.4
459.7
457.6
449.6
440.7
167.0
168.8
165.6
160.4
155.1
1945
1946
1947
1948
1949
6,202.8
6,159.4
6,159.5
6,180.6
6,253.3
3,725.3
3,807.7
3,914.6
4,044.2
4,150.8
1,979.3
2,024.5
2,079.4
2,141.8
2,189.9
532.0
566.4
617.6
670.0
709.4
1,447.3
1,458.1
1,461.7
1,471.8
1,480.4
1,746.0
1,783.1
1,835.3
1,902.4
1,960.9
2,130.1 1,443.3
1,982.4 1,288.4
1,844,1 1,133.5
1,702.0 971.4
1,632.6 878.6
686.8
694.0
710.6
730.6
753.9
347.4
369.4
400.8
434.4
470.0
1945
1946
1947
1948
1949
3,387.2
3,295.5
3,291.7
3,349.7
3,420.0
1,876.8 917.9
1,944.7 960.4
2,037.9 1,013.3
2,148.5 1,069.8
2,232.8 1,109.0
273.1
302.1
346.7
390.0
416.9
644.8 958.9 1,357.5
658.3 984.3 1,182.4
666.6 1,024.5 1,064.0
679.8 1,078.7 988.4
692.1 1,123.7 949.1
924.8
751.4
625.6
539.5
486.1
432.7
431.0
438.4
448.9
463.0
152.9
168.4
189.9
212.8
238.0
1950
1951
1952
1953
1954
6,375.0
6,568.0
6,790.5
7,024.3
7,261.2
4,295.4
4,430.3
4,560.2
4,699.2
4,837.3
2,250.2
2,316.6
2,381.4
2,452.7
2,516.9
756.0
806.3
854.8
904.8
946.4
1,494.1
1,510.3
1,526.6
1,547.9
1,570.4
2,045.3
2,113.8
2,178.8
2,246.5
2,320.5
1,569.4
1,593.1
1,653.6
1,717.0
1,780.2
789.0
785.0
817.1
849.7
875.1
780.5
808.1
836.5
867.3
905.2
510.1
544.6
576.7
608.2
643.6
1950
1951
1952
1953
1954
3,555.5
3,696.5
3,858.4
4,037.5
4,197.2
2,349.4
2,452.9
2,546.3
2,647.1
2,746.0
1,155.5
1,205.7
1,250.1
1,300.0
1,342.5
447.4
478.3
504.0
530.6
548.4
708.2
727.4
746.1
769.3
794.0
1,193.8 934.3
1,247.2 947.3
1,296.2 998.3
1,347.2 1,055.0
1,403.6 1,099.7
454.1
449.3
482.3
518.9
536.9
480.1
498.0
516.1
536.2
562.8
271.9
296.4
313.7
335.3
351.4
1955
1956
1957
1958
1959
7,524.4
7,781.1
8,024.9
8,248.4
8,518.3
5,000.2
5,163.8
5,317.2
5,448.5
5,612.7
2,591.2
2,675.0
2,754.6
2,809.9
2,876.3
993.2
1,041.5
1,085.8
1,111.4
1,144.4
1,598.0
1,633.5
1,668.7
1,698.4
1,731.9
2,409.0
2,488.7
2,562.7
2,638.7
2,736.4
1,838.3
1,891.5
1,947.5
2,011.9
2,086.6
892.0 946.3
903.0 988.5
914.2 1,033.3
930.8 1,081.1
956.2 1,130.4
686.0
725.8
760.2
788.0
818.9
1955
1956
1957
1958
1959
4,385.3
4,551.4
4,708.2
4,843.4
5,017.9
2,868.0
2,988.4
3,098.4
3,186.3
3,304.9
1,394.3
1,454.9
1,511.3
1,544.7
1,588.2
572.6
598.0
620.8
626.9
641.0
821.6
856.9
890.5
917.8
947.2
1,473.7
1,533.6
1,587.1
1,641.6
1,716.7
1,139.2
1,167.5
1,200.9
1,243.9
1,288.6
547.1
545.7
547.5
556.4
566.4
592.1
621.7
653.4
687.5
722.2
378.1
395.5
408.9
413.2
424.4
1960
1961
1962
1963
1964
8,781.3
9,038.7
9,329.0
9,640.8
9,979.1
5,773.1
5,930.4
6,105.1
6,300.9
6,518.0
2,948.1
3,017.7
3,097.4
3,183.4
3,290.4
1,176.5
1,203.8
1,238.5
1,278.2
1,329.3
1,771.6
1,813.8
1,858.9
1,905.2
1,961.1
2,825.0
2,912.7
3,007.7
3,117.5
3,227.6
2,160.6
2,237.9
2,323.3
2,404.6
2,487.4
980.8
1,004.8
1,035.1
1,057.2
1,076.8
1,179.7
1,233.1
1,288.2
1,347.4
1,410.6
847.6
870.4
900.5
935.2
973.7
1960
1961
1962
1963
1964
5,184.3
5,346.4
5,533.6
5,745.3
5,977.2
3,418.5
3,527.0
3,651.4
3,792.9
3,951.3
1,637.1
1,682.6
1,738.1
1,797.2
1,874.5
655.5
666.1
684.4
707.1
740.1
981.6
1,016.4
1,053.7
1,090.1
1,134.4
1,781.4
1,844.5
1,913.2
1,995.7
2,076.9
1,330.5
1,378.9
1,428.4
1,478.8
1,526.7
573.8
584.2
594.8
602.3
603.9
756.7
794.7
833.6
876.6
922.7
435.3
440.5
453.8
473.5
499.2
1965
1966
1967
1968
1969
10,371.1
10,784.0
11,184.3
11,621.4
12,067.5
6,774.3
7,037.8
7,290.9
7,568.4
7,858.8
3,431.3
3,591.4
3,744.6
3,906.1
4,082.1
1,399.4
1,484.5
1,565.4
1,653.1
1,749.7
2,031.9
2,106.9
2,179.2
2,253.0
2,332.4
3,343.1
3,446.4
3,546.3
3,662.3
3,776.7
2,572.7
2,666.1
2,758.1
2,844.9
2,929.1
1,094.8
1,116.2
1,129.6
1,133.8
1,141.0
1,477.9
1,550.0
1,628.5
1,711.1
1,788.0
1,024.0
1,080.1
1,135.4
1,208.1
1,279.6
1965
1966
1967
1968
1969
6,256.1
6,555.7
6,831.4
7,139.1
7,439.9
4,143.8
4,336.6
4,511.5
4,703.8
4,902.1
1,981.4 790.0
2,102.5 851.2
2,209.9 904.1
2,320.3 960.0
2,439.3 1,021.0
1,191.4
1,251.4
1,305.9
1,360.3
1,418.3
2,162.3
2,234.1
2,301.6
2,383.5
2,462.8
1,576.4
1,641.5
1,705.7
1,774.6
1,834.0
604.3
615.8
621.0
628.5
632.6
972.1
1,025.7
1,084.7
1,146.1
1,201.4
535.9
577.5
614.2
660.7
703.3
1970
1971
1972
1973
1974
12,476.2
12,923.7
13,401.3
13,934.7
14,408.9
8,131.2
8,429.9
8,759.0
9,131.4
9,462.2
4,250.1
4,410.3
4,580.7
4,795.2
5,007.1
1,839.2
1,922.5
2,019.6
2,149.1
2,279.5
2,411.0
2,487.8
2,561.1
2,646.1
2,727.6
3,881.1
4,019.6
4,178.3
4,336.2
4,455.2
3,001.4
3,071,9
3,129.8
3,182.6
3,235.7
1,141.5
1,143.3
1,136.2
1,126.9
1,116.4
1,859.9
1,928.6
1,993.6
2,055.7
2,119.3
1,343.7
1,421.8
1,512.5
1,620.7
1,711.0
1970
1971
1972
1973
1974
7,690.6
7,958.9
8,255.9
8,598.9
8,865.3
5,074.2
5,266.9
5,486.7
5,741.4
5,943.7
2,543.6
2,635.5
2,735.7
2,873.9
3,000.7
1,070.5
1,112.0
1,165.3
1,247.8
1,325.3
1,473.1
1,523.5
1,570.4
1,626.1
1,675.4
2,530.7
2,631.4
2,751.0
2,867.5
2,943.0
1,883.5
1,920.9
1,947.7
1,973.6
2,001.1
633.7
626.7
613.7
603.7
594.7
1,249.8
1,294.1
1,334.0
1,369.9
1,406.3
732.3
771.1
821.6
883.9
920.6
1975
1976
1977
1978
1979
14,816.3
15,266.6
15,785.9
16,372.5
16,963.4
9,725.6
10,020.4
10,378.4
10,792.2
11,220.3
5,170.6
5,334.7
5,527.2
5,762.4
6,021.7
2,373.4
2,468.3
2,588.4
2,731.1
2,882.3
2,797.3
2,866.3
2,938.8
3,031.3
3,139.5
4,554.9
4,685.7
4,851.2
5,029.7
5,198.6
3,292.3
3,344.9
3,392.5
3,441.0
3,486.5
1,114.6
1,113.7
1,113.3
1,115.4
1,113.4
2,177.7
2,231.2
2,279.2
2,325.5
2,373.1
1,798.5
1,901.3
2,015.0
2,139.4
2,256.5
1975
1976
1977
1978
1979
9,050.8
9,277.2
9,572.0
9,919.2
10,270.4
6,075.8
6,235.2
6,454.0
6,719.1
6,993.0
3,077.8
3,152.1
3,251.9
3,387.5
3,543.0
1,366.6
1,408.3
1,472.9
1,556.7
1,646.2
1,711.2
1,743.8
1,779.0
1,830.8
1,896.9
2,998.0
3,083.1
3,202.1
3,331.7
3,449.9
2,023.7
2,042.0
2,057.1
2,072.6
2,095.6
587.2
580.0
575.8
574.0
577.6
1,436.5
1,462.0
1,481.2
1,498.7
1,517.9
951.3
1,000.0
1,061.0
1,127.4
1,181.9
1980
1981
1982
1983
1984
17,468.5
17,963.0
18,370.1
18,845.1
19,440.5
11,584.7
11,936.3
12,216.7
12,523.3
12,909.2
6,263.6
6,509.7
6,711.4
6,891.2
7,126.0
3,008.8
3,125.9
3,205.9
3,285.4
3,396.5
3,254.8
3,383.8
3,505.5
3,605.8
3,729.5
5,321.2
5,426.6
5,505.2
5,632.1
5,783.2
3,543.7
3,602.7
3,648.3
3,704.8
3,769.8
1,122.3
1,137.9
1,142.1
1,155.9
1,176.7
2,421.5
2,464.8
2,506.2
2,548.9
2,593.0
2,340.1
2,423.9
2,505.1
2,616.9
2,761.6
1980
1981
1982
1983
1984
10,523.7
10,754.8
10,902.0
11,111.7
11,440.6
7,197.7
7,383.9
7,499.3
7,642.5
7,865.7
3,677.4
3,810.6
3,900.6
3,970.2
4,096.8
1,709.2
1,763.0
1,782.1
1,804.4
1,862.2
1,968.3
2,047.6
2,118.5
2,165.8
2,234.7
3,520.3
3,573.3
3,598.7
3,672.3
3,768.8
2,123.0
2,148.1
2,166.5
2,191.3
2,223.0
587.1
597.5
602.9
614.7
630.2
1,535.9
1,550.6
1,563.6
1,576.6
1,592.8
1,203.0
1,222.7
1,236.2
1,277.9
1,351.9
1985
1986
1987
1988
1989
20,091.3
20,752.8
21,399.9
22,062.1
22,717.3
13,322.3
13,727.6
14,112.0
14,503.6
14,886.3
7,388.5
7,616.0
7,825.5
8,045.3
8,272.2
3,518.4
3,632.7
3,737.3
3,854.6
3,978.9
3,870.1
3,983.3
4,088.2
4,190.8
4,293.3
5,933.8
6,111.6
6,286.5
6,458.2
6,614.0
3,849.2
3,933.8
4,026.3
4,114.9
4,204.4
1,204.4
1,232.7
1,266.0
1,292.6
1,319.1
2,644.8
2,701.1
2,760.3
2,822.3
2,885.3
2,919.8
3,091.5
3,261.7
3,443.5
3,626.7
1985
1986
1987
1988
1989
11,823.5
12,214.2
12,576.9
12,942.1
13,292.9
8,112.4
8,346.3
8,557.9
8,773.8
8,980.3
4,247.8
4,361.5
4,457.1
4,561.9
4,672.9
1,929.0
1,986.3
2,034.1
2,092.0
2,154.9
2,318.9
2,375.2
2,423.0
2,469.8
2,518.0
3,864.6
3,984.7
4,100.8
4,211.9
4,307.5
2,268.7
2,320.5
2,380.0
2,429.9
2,481.7
654.8
680.2
710.2
729.6
748.5
1,613.9
1,640.3
1,669.8
1,700.3
1,733.2
1,442.3
1,547.4
1,639.0
1,738.4
1,830,8
1990
1991
23,338.9 15,244.5 8,490.2 4,092.6 4,397.6 6,754.3 4,307.1 1,351.2 2,955.8 3,787.3
23,849.2 15,521.8 8,655.7 4,178.8 4,476.9 6,866.1 4,403.3 1,378.6 3,024.7 3,924.1
1990
1991
13,597.5
13,784.7
9,157.1 4,772.7 2,204.3 2,568.3 4,384.5 2,537.3
9,257.9 4,824.4 2,229.4 2,595.0 4,433.5 2,586.8
325.1
767.5 1,769.7 1,903.1
782.2 1,804.6 1,940.0
October 190,2
SURVEY OF CURRENT BUSINESS
Motor Vehicles, Model Year 1992
By Larry R. Moran
fxSoDEL YEAR 1992 marked the first imJ \L provement in the motor vehicle industry in 5 years; however, the improvement was
slight.
Sales, employment, and production
each increased modestly in 1992, and inventories
remained lean.
Sales of new motor vehicles in the United States
edged up i percent in model year 1992 to 12.9
million units after decreasing 10 percent in 1991
to 12.8 million, the lowest level since 1983 (table i).1. Sales have declined in 4 of the last
6 years after reaching a peak of 16.1 million in
1986. The 1992 increase in motor vehicle sales was
more than accounted for by sales of trucks. Sales
of domestic-nameplate trucks and of transplant
trucks increased, and sales of imported trucks
declined.2 Sales of cars declined; sales of both
domestic-nameplate and imported cars declined,
but sales of transplant cars edged up.
Employment in the motor vehicle industry increased 3l/2 percent to 811,492 in model year 1992
after falling 5 percent in both 1991 and 1990, and
the average weekly hours of production workers
increased to 42.5 in 1992 from 42.0 in 1991. Capacity utilization for the mptor vehicle industry
increased 4^2 percentage points to ?ol/2 percent.
i. This article uses data on unit sales, inventories, and production mainly
from Ward's Automotive Reports and the Motor Vehicle Manufacturers Association and data on prices mainly from the Automobile Invoice Service
and the Bureau of Labor Statistics, U.S. Department of Labor. These data
underlie the estimates of auto and truck output in the national income and
product accounts.
For this article, the model year is defined as beginning on October i
and ending on the following September 30. Thus, model year 1992 covers
the fourth calendar quarter of 1991 and the first, second, and third calendar
quarters of 1992.
2. Sales of domestic cars and trucks consist of sales of vehicles manufactured in North America and sold in the United States. Domestic-nameplate
vehicles are those manufactured in North America at factories owned by U.S.
companies. Transplant vehicles are those manufactured in North America
at foreign-owned factories, which are known as transplants. Sales of imported cars and trucks consist of sales of vehicles manufactured outside North
America and sold in the United States.
Table 1.—Selected Motor Vehicle Indicators
Calendar quarter; seasonally adjusted
Model year
1987
1991
1988
1989
1990
1991
1992
1992
III
i
IV
I
II
III
.
Thousands of units (quarterly data at annual rates)
New motor vehicle sales
15,455
15,614
15,394
14,169
12,757
12,870
12,824
12,501
12,625
13,266
12,863
New car sales
Domestic
U S nameplates
Transplants
Import
10,575
7,348
6,807
10,505
7,338
6,738
10,328
7,387
6,642
9,436
6,790
5,758
8,589
6,276
8,334
8,210
8,314
6,194
8,559
6,273
6,060
6,075
8,501
6,316
6,239
540
599
3,168
745
2,941
2,645
5,137
1,139
2,312
1,146
2,140
5,109
5,066
4,723
4,205
4,733
4,428
3,996
4,168
3,916
3,582
4,536
4,276
4,026
518
343
432
306
334
253
250
260
3,691
332
241
7,138
6,281
5,445
5,646
New truck sales
Light
Domestic
Import
Other
Domestic car production
3,228
.
.
.
.
4,880
4,585
3,693
4,772
892
295
4,128
644
338
7,280
6,992
1,032
8,211
5.049
Domestic car inventories 1
Domestic car inventory-sales ratio2
2,286
2,150
2,239
2,185
1,973
4,265
4,024
4,291
4,311
4.053
3,758
4,057
3,792
4,765
4,495
4,252
4,652
4,378
295
238
265
255
242
270
4,175
203
274
5,540
5,538
5,507
5,903
5,637
1,296
1,301
1,256
1,326
1,392
2.48
2.58
2.48
2.52
2.68
17,256
17,001
17,973
17,621
16,886
19,614
17,638
16,847
19,925
Dollars
Average expenditure per new car3
Domestic
Import
~
13,502
13,009
14,628
14,248
13,866
15,146
1 . End of quarter, not at annual rate.
2. Ratio of end-of-quarter inventories to average monthly sales for the quarter.
3 RFA estimate based on the manufacturer's suanested retail Dries (adjusted for notions, discounts or premiums, and sales taxes) for each model, weighted by each model's share of sales;
15,078
14,730
15,957
15,937
15,477
17,143
16,587
16,123
17,860
17,563
16,942
19,371
16,940
16,495
18,159
17,738
17,032
19,970
not at annual rates.
Source: Motor Vehicle Manufacturers Association of the United States, Inc., and Ward's Automotive Reoorts: data are seasonally adjusted bv BEA.
32 • October 1992
SURVEY OF CURRENT BUSINESS
Motor vehicle sales have behaved atypically
during the current business cycle.3 Usually, motor vehicle sales lead the recovery and are strong
in the first year of the recovery (chart i). However, in this business cycle, motor vehicle sales
reached their low point of 12.3 million units (seasonally adjusted annual rate) in the same quarter
that the economy reached its low point—the first
quarter of 1991. In addition, the i-percent increase in sales in model year 1992 was well below
first-year increases in other recent recoveries; for
example, sales increased 15 V2 percent in model
year 1983 after 4 years of decline, and they increased 26 percent in model year 1976 after 2 years
of decline.
Factors affecting 1992 sales.—Typically, motor vehicle sales jump sharply in the first year after
a recession, reflecting both improvement in the
general factors associated with consumer ex3. After slowing in 1989 and the first half of 1990, the U.S. economy
entered a recession in the third quarter of 1990. In the second quarter of
1991, many of the major measures of economic activity, such as real gross
domestic product (GDP), turned up; since then, GDP has increased modestly,
and in the third quarter of 1992, it surpassed its second-quarter 1990 peak.
penditures for durable goods and the release of
demand that built up during the recession because consumers postponed purchases. In model
year 1992, sales were held down by three interrelated general factors that are usually associated
with expenditures for durable goods: Real disposable personal income (DPI) increased only iVi
percent, well below the normal increase in the
first year of a recovery; the unemployment rate
increased for the third consecutive year, to its
highest level since 1984; and the Index of Consumer Sentiment—prepared by the University of
Michigan's Survey Research Center—declined for
the third consecutive year, to its lowest level since
1982. There was evidence that some pent-up demand may have been released in model year 1992:
Real personal consumption expenditures for motor vehicles increased 3% percent, considerably
more than the increase in real DPI.
Motor vehicle sales in 1992 may have been bolstered by several factors that are specific to the
motor vehicle market: Finance terms on new-car
loans, sales-incentive programs for consumers,
and new-car prices. Finance terms on new-car
New Motor Vehicle Sales
Mitfion units
20
Million units
T
P
Total
//
15
15:
10
10
V
i i i 1i i i M i
IttWIV MUJUV
1972
73
74
ll
I i i iI i i i i i i ii i i iI
I
_L
i i i i i i i 11 i i i i i i i i i i i I i i i I i i i I
UMHivitnriVHun^
/tijjttiy '<'iti$fyttiWi&::W,M;ty;i}nN ittftuviHtttiv
rnnuv
: :
'!''\tt,']\j.ffi'j-/'{^^
so
.'
;
:
I i i i i i i
'"•• !£*:'. ' ^^^'^Y'
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'
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'
';'""'' ^r. '^ •?•' '*"' Y;4:^i|?;;S Y§>Y^ : ,l> l563^
/of recession (shaded area). Trough (T) indicates the end of business cycle recession and the beginning of expansion. Business cycle
jf^i^j^^1/ '"''"^-rj" 1"" : ' .Y'V'f 1 - 1 "'- •
SURVEY OF CURRENT BUSINESS
loans were more favorable in 1992 than in 1991
(chart 2). First, interest rates were lower; for
loans made by auto finance companies, rates averaged wl/i percent in 1992 after averaging 13
percent in 1991. Second, downpayments were
smaller; for loans made by auto finance companies, the ratio of the average value of loans to the
value of cars purchased rose to 89 percent in 1992
from 87 percent in 1991.
Manufacturers offered attractive sales-incentive
programs to consumers throughout model year
1992.
These programs consisted of discount
packages on options, rebates, and below-market
Finance Terms on 48
New Car Installment Loans
Present
14 INTEREST RATES
Auto Finance
Companies
- \
10
ftl . . . I . . . I ' . . . 1 . . . I . . . I
AVERAGE LENGTH TO MATURITY
55
S3
Auto Finance Companies
51
Aft I
f
i | I i i f I j | i I i
>^^
,! ;&jS[/|i^^
'j 1 :f> \.?
financing; rebates remained the most frequently
selected of the incentive-program choices.
New-car prices increased slightly less in 1992
than in 1991. The consumer price index (CPI) for
new cars increased 2l/2 percent after increasing 3
percent in 1991. In contrast, the average expenditure per new car increased more in 1992 than in
1991: It was up 6 percent to $17,563 after increasing 4 percent in 1991.4 The 1992 increase in the
average expenditure reflected increased purchases
of options (such as driver-side airbags, antilock
brakes, automatic transmissions, and power windows) rather than an upscaling in the size class of
cars purchased (see the discussion on purchases
by size-class later in this article).
Two market-specific factors may have dampened sales in 1992. First, manufacturers' marketing programs for fleet sales to businesses were less
attractive in 1992 than in i99i.5 Under these programs, manufacturers agree to repurchase fleet
cars after they reach certain minimum age and
mileage requirements. The fleet marketing programs offered in model year 1992 had slightly
higher age and mileage requirements than those
offered in 1991; these higher requirements probably encouraged companies with fleets to wait
longer to purchase new cars. Second, 1992 sales
may have been affected by another substantial increase in the cost of car ownership. The cost of
car ownership increased 8J/2 percent in 1992 after an ii-percent increase in 1991, according to a
study by the American Automobile Association.
In addition, two long-term trends have dampened motor vehicle sales in recent years. First,
since the early 1980*8, the growth rates in the
driving-age population and in household formation have slowed. Second, owners are keeping
their vehicles longer; according to the Motor
Vehicle Manufacturers Association, the average
age of cars on the road climbed to 7.9 years in
1991 (the most recent year for which data are
available), the highest level since 1950.
Another long-term trend that is related to the
motor vehicle industry should also be noted. The
ratio of consumer auto installment credit to DPI
has fallen to 6.0 in 1992 from 8.8 in 1988. The decline may reflect increases in personal-use leasing
4. BEA derives the average expenditure per new car by weighting each
model's suggested retail price (adjusted for options, discounts or premiums,
and sales taxes) by its snare of sales. Movements in the average expenditure
differ from movements in the new-car component of the CPI, which is a
fixed-weighted price index, primarily because the CPI, unlike the average
expenditure, is adjusted to remove the influence of quality change on prices
and because the average expenditure, unlike the CPI, reflects changes in the
mix of models and options sold and includes cars sold to businesses and
government.
5. Fleet sales are sales to businesses that purchase 10 or more vehicles for
rental, leasing, or commercial use.
October 1992 • 33
SURVEY OF CURRENT BUSINESS
34 • October 1992
and in auto purchases financed by home equity
loans. By 1992, personal-use leasing accounted
for 11 Vi percent of new-car registrations and for
8 percent of new-truck registrations, according
to R.L. Polk and Company. Since 1986, when
changes in the tax law phased out interest paid on
auto loans as a deduction from taxable income
in calculating tax liability, an increasing number
of consumers may have used home equity loans
to finance car purchases, because they could still
deduct the interest on these loans.
New Cars
Sales of new cars declined 3 percent—the sixth
consecutive decline—to 8.3 million units in
model year 1992 from 8.6 million in 1991. Car
sales had declined 9 percent in 1991, 8x/2 percent
in 1990, and iVi percent in 1989. Sales of both
domestic and imported cars decreased in 1992.
Sales of domestic cars, which consist of both
domestic-nameplate cars and transplant cars, declined il/2 percent to 6.2 million units in 1992
from 6.3 million in 1991. Sales of domesticnameplate cars declined iVi percent to 5.0 million
after falling 11 percent in 1991. Sales of transplant cars increased l/2 percent to 1.1 million after
increasing 10^2 percent.
The market share (percent of total new-car
sales) of domestic cars increased to j4l/2 percent
in 1992 from 73 percent in 1991. The market share
Share of New Car Sales by Source
| Domestic Nameplate1 |g Transplants2
El Imports
of domestic-nameplate cars edged up to 6ol/2 percent from 60 percent (chart 3); their share had
peaked at 69% percent in 1986. The slight 1992
gain may have partly reflected new-product introductions and quality improvements. The market
share of transplant cars remained at 13% percent
in 1992.
By size class, the 1992 decline in domestic-car
sales was more than accounted for by sales of
middle-sized and luxury cars; sales of small and
large cars increased. Sales of middle-sized cars
declined to 3.0 million, but their market share
was unchanged at 36 percent (chart 4). Sales
of luxury cars declined to 0.6 million, and their
market share declined to 7 percent from 8 percent. Sales of small cars increased to 1.8 million,
and their market share increased to 22 percent
from 21 percent. Sales of large cars increased to
0.7 million, and their market share increased to
9 percent from 8 percent.
Sales of imported cars fell 7^2 percent to 2.1
million in 1992—the lowest level since 1978—
from 2.3 million in 1991. Sales of these cars
had declined 12% percent in 1991, 10 percent in
1990, and 7 percent in 1989. The market share
of imported cars declined to 251/2 percent in 1992
from 27 percent in 1991; their share had peaked
at 30x/2 percent in 1987. The recent declines in
sales largely reflected shifts in production by foreign manufacturers from overseas plants to U.S.
Share of New Car
Model Year 1992
Percent
60
40
20
92
1987
1 . Domestic nameplates are cars manufactured In North America at
jhotMtaownfld^
2. Transplants are cam manufactured in North America at factories
'
Note.— Based on October through September sales for each model year;
Data: Motor Vehicle Manufacturers Association of the United States, Inc.
U.S. Department of Commerce, Bureau of Economic Analysis
hJote.-Based on data October 1,1<
Data: Motor Vehicle Manufactui
and Ward's Automotive Report
US, Department or Commerce, Bureau of Economic Analysis
SURVEY OF CURRENT BUSINESS
transplants; most of the models manufactured at
transplants are the same as those previously manufactured overseas and then imported. The 1992
decline in sales may also have reflected the weakening of the U.S. dollar against the Japanese yen,
which led to larger price increases for Japanese
cars than for domestic cars.
Domestic-car production edged up to 5.6 million units in 1992 from 5.4 million in 1991, the
lowest level in 9 years. Manufacturers limited the
increase in production because sales were weak
throughout the year and because they wanted to
maintain lean inventories. After struggling with
ballooning inventories in the late 1980*8, car manufacturers and retailers have kept inventories low
in the 1990*8 for two reasons: First, the cost of
holding large inventories either cut into profits
or forced higher prices, which may have resulted
in lower sales; second, cars held in inventory for
long periods may lose value by deteriorating or
by going out of style.
Quarterly patterns in model year 1992
Sales of new cars fell in the fourth quarter of
1991, increased modestly in the first and second
10
.^
VI . 1 . 1 . . I
Imports
I I I I I I i I I I I I I I I I I
I l l
i Data; Motor Vehicle Manufacturers Association of the United States, Inc.
MWffi^
ti$;0t
':ji ;:•;',
id;''
quarters of 1992, and then fell again in the third
quarter (chart 5).
Domestic cars.—In the fourth quarter of 1991,
domestic-car sales dropped to 6.1 million (seasonally adjusted annual rate) from 6.3 million
in the third quarter. The drop was more than
accounted for by sales to businesses; sales to
consumers increased. The decline in sales to
businesses reflected a cutback in manufacturers' fleet marketing programs. The step-up in
sales to consumers may have been bolstered by
a 2-percent increase in real DPI, the largest in
seven quarters. Domestic-car production was
unchanged in the fourth quarter at 5.5 million
(seasonally adjusted annual rate). Inventories
were unchanged at 1.3 million at the end of the
fourth quarter. The inventory-sales ratio edged
up to 2.6 from 2.5; traditionally, the industry
targets an inventory-sales ratio of about 2.4.
In the first quarter of 1992, sales remained at 6.1
million. Sales to consumers increased, but sales
to businesses dropped. The continued growth
in sales to consumers reflected a step-up—to a
4-percent increase—in real DPI and a decline in
interest rates on new-car loans. The drop in sales
to businesses again reflected a cutback in manufacturers* fleet marketing programs. Production
remained at 5.5 million. Inventories remained at
1.3 million, and the inventory-sales ratio edged
back down to 2.5.
In the second quarter, sales increased to 6.3
million. The increase was more than accounted
for by sales to businesses; sales to consumers
fell. The decline in sales to consumers reflected
an anemic increase in consumer income, a jump
in unemployment, and weakness in consumer
confidence. Production increased to 5.9 million,
the highest level in nearly 2 years. Inventories
again were unchanged at 1.3 million, and the
inventory-sales ratio remained at 2.5.
In the third quarter, sales edged down to 6.2
million. Sales to both consumers and businesses
decreased slightly. The decline in sales to consumers reflected virtually no change in consumer
income, an increase in unemployment, and a decline in consumer confidence. Production fell to
5.6 million. Inventories edged up to 1.4 million,
and the inventory-sales ratio increased to 2.7, the
highest level since the fourth quarter of 1989.
Imported cars.-—Sales of imported cars decreased
to 2.1 million in the fourth quarter of 1991 and
edged up to 2.2 million in the first quarter of
1992; they were unchanged in the second quarter and decreased to 2.0 million, the lowest level
October 1992
•
35
SURVEY OF CURRENT BUSINESS
$6 • October 1992
in more than 10 years, in the third quarter. Inventories of imported cars changed little in the
fourth quarter of 1991 and decreased in the first
quarter of 1992; they decreased more sharply in
the second quarter and increased slightly in the
third.
New Trucks
Sales of new trucks jumped 9 percent—the largest
increase since 1985—to 4.5 million units in model
year 1992 after declining i2x/2 percent in 1991, 6
percent in 1990, and % percent in 1989. The 1992
jump was accounted for by increases in the sales
of domestic light trucks and of "other" trucks;
sales of imported light trucks declined. The share
of total motor vehicle sales accounted for by
trucks jumped to a record 35 percent in 1992 after
declining to 32*72 percent in 1991, the first decline
since 1982.
Sales of light trucks increased 9 percent to 4.3
million in 1992 after declining in each of the
preceding 3 years.6 The increase was mainly
accounted for by sales of sport-utility vehicles,
vans, and small pickups. Light trucks, many of
which are purchased for personal use, accounted
for 94l/2 percent of total truck sales in 1992, up
slightly from 1991.
The strength in 1992 light-truck sales is somewhat surprising because many of the same
factors—such as weak growth in DPI, rising unemployment, and falling consumer confidence—
that may have weakened car sales also affected
light-truck sales.
Sales of domestic light trucks jumped i2l/2 percent to 4.0 million in 1992 after falling loVi
percent in 1991 and 5 percent in 1990. Sales of
domestic-nameplate light trucks increased 11 percent to 3.9 million, and their share of light-truck
sales increased to 91 percent from &9l/2 percent
in 1991. The strength in sales of these trucks
reflected new-product introductions, quality improvements, and efforts by manufacturers to hold
down price increases; in addition, a weak dollar against the yen led to large price increases
in imported Japanese trucks. Sales of transplant
trucks jumped 76 percent to o.i million; their
share of light-truck sales increased to 3 percent
from 2 percent. In model year 1993 and beyond,
Japanese manufacturers plan to introduce more
truck models, including larger pickup trucks, into
the U.S. market. Initially, these models will be
6. Light trucks are those with up to 10,000 pounds gross vehicle weight.
These trucks include light conventional pickups, compact pickups, sportutility vehicles, and passenger vans.
built in Japan, but eventually they will be built
in U.S. transplants.
Sales of imported light trucks plummeted 2^/2
percent to 0.2 million in 1992, continuing a series of sharp declines; these drops, like those of
imported-car sales, partly reflected a shift in production from overseas plants to transplants. The
imported truck share of light-truck sales fell to 6
percent from 8J/2 percent.
Sales of "other" trucks increased 3 percent to
0.3 million.7 Nearly all of these trucks are purchased by businesses. The domestic models'
share of total sales of "other" trucks has declined
in recent years, to roughly 90 percent in 1992.
Quarterly patterns in model year 1992.—Most of
the strength in truck sales was in the second quarter of 1992. Truck sales were unchanged in the
fourth quarter of 1991 and in the first quarter of
1992; they jumped sharply in the second quarter
and decreased slightly in the third (chart 6).
In the fourth quarter of 1991, truck sales were
unchanged at 4.3 million. An increase in sales
of domestic light trucks offset small decreases
in sales of imported light trucks and of "other"
trucks.
7. "Other" trucks are those with over 10,000 pounds gross vehicle weight.
These trucks range from medium-duty general delivery trucks to heavy-duty
diesel tractor-trailers.
Retail Sales of New Trucks
Million units
Total
Light Imports
I I I I I I I I I I I I I I I \\
SURVEY OF CURRENT BUSINESS
In the first quarter of 1992, truck sales remained at 4.3 million. A decrease in sales of
imported light trucks offset small increases in
sales of domestic light trucks and of "other"
trucks.
In the second quarter, truck sales jumped
to 4.8 million. The jump was accounted for
by sales of domestic light trucks; sales of imported light trucks and of "other" trucks changed
little.
In the third quarter, truck sales edged down
to 4.7 million. Sales of domestic light trucks and
of imported light trucks decreased, and sales of
"other" trucks were unchanged. S
October 1992 •
37
October 1992
SURVEY OF CURRENT BUSINESS
Personal Income by State and Region,
Second Quarter 1992
This article was
written by Howard
L. Friedenberg and
Rudolph E.
DePass. The
quarterly estimates
of State personal
income were
prepared by the
Regional Economic
Measurement
Division.
ERSONAL INCOME in the Nation grew slower
in the second quarter of 1992 than in the first
quarter. It increased i.o percent after increasing
1.5 percent.1
In the second quarter, personal income growth
slowed in 37 States, picked up in 11 States,
and was unchanged in Colorado and New Mexico. The States with the sharpest slowdowns
were Iowa, Alaska, Mississippi, Nebraska, and
Arkansas. The slowdowns in Iowa, Mississippi,
Nebraska, and Arkansas were largely in farm income; the slowdown in Alaska was spread across
most industries. The States with the sharpest
pickups were North Dakota, Montana, Kansas,
South Dakota, and Wyoming; the pickups largely
reflected upswings in farm income. (See tables i
and 2 at the end of this article.)
by the fixed-weighted price index for personal
consumption expenditures increased 3.4 percent. In all States except California, Connecticut,
and Delaware, the increases in personal income
exceeded the 3.4-percent increase in prices.
Fastest growing States.—Increases in personal income in the 10 fastest growing States ranged from
8.4 percent in Montana to 6.3 percent in Mississippi and North Carolina (table A and chart i).
As a group, these States accounted for less than
10 percent of the Nation's personal income.
All 10 States had above-average increases in
payrolls in retail trade. Most had above-average
increases in payrolls in durables manufacturing, in construction, in wholesale trade, in the
finance-insurance-real estate group, in services,
and in government. In Montana, Washington,
South Dakota, and Idaho, construction payrolls
increased more than 10 percent, in contrast to a
1.2-percent decline for the Nation.
In some of the fastest growing States, payrolls
in particular industries were weak. In Montana,
Nevada, Idaho, Mississippi, and North Carolina,
payrolls in the transportation and public utilities
Income growth since the second quarter of 1991
Personal income in the Nation increased 4.7 percent in the four quarters since the second quarter
of 1991. During this period, prices measured
i. These percent changes are not at annual rates.
Table A.—Percent Change In Personal Income for Selected States and the United States, 1991:11-1992:11
Personal income
Rank
Selected States
Total
1
2
3
4
5
6
7
8
9
10
41
42
43
44
45
46
47
48
49
50
Wage and salary disbursements (payrolls)
Durables Nondurables Conmanu- manufactur- struction
facturing
ing
Farm
Mining
Transportation
and
public
utilities
-0.3
Fastest growing States:
Montana
Utah
Nevada
Washington
South Dakota
Kentucky
Idaho
Oregon
Mississippi
North Carolina
8.4
7.2
6.8
6.6
6.6
6.4
6.4
6.4
6.3
6.3
-10.9
3.0
32.4
7.3
25.7
-4.4
5.3
-1.6
28.5
-1.3
13.4
7.7
.2
1.8
14.1
10.9
11.1
24.2
-7.6
17.4
-9.7
14.6
-2.4
-.6
8.1
3.0
9.1
6.0
6.5
3.0
6.3
6.6
1.3
3.4
8.0
8.7
9.8
.4
United States
4.7
-1.6
.8
4.1
Slowest growing States:
North Dakota
Michigan
Massachusetts
Maryland
Florida
Nebraska
Illinois
California
Connecticut
Delaware
4.0
4.0
3.9
3.8
3.7
3.6
3.6
3.3
3.3
2.7
-38.1
7.8
6.1
.9
-28.6
7.2
4.7
5.4
7.1
3.7
5.3
3.2
7.4
2.9
.3
-.5
-14.5
8.0
-8.3
-.4
-6.9
.3
2.5
-1.4
-.9
-3.9
.9
4.9
2.0
-4.1
-.2
-3.1
-7.9
6.2
10.6
-1.0
2.9
5
-1.2
8.6
-1.6
10.1
-4.9
-4.1
.8
1.1
-7.7
-5.9
-8.6
Wholesale
trade
Finance,
insurGovernance, Services ment
and real
estate
6.8
6.9
6.9
5.6
9.2
6.1
6.5
4.1
5.5
11.1
10.1
5.5
5.0
2.8
7.6
8.6
5.5
3.7
-39.4
11
6.2
2.4
3.1
5.3
4.7
2.2
4.5
3.4
11.2
5.0
6.7
8.1
6.2
3.8
9.9
7.0
6.7
2.6
9.2
7.9
1.4
1.3
3.9
5.4
6.5
3.7
2.5
4.4
3.7
2.3
9.3
1.9
.9
2.9
5.2
2.7
4.1
1.4
6.8
2.7
.9
4.4
3.1
6.5
5.0
-.9
6.7
9.1
6.8
7.2
5.2
5.4
7.9
6.8
6.0
4.4
2.0
7.3
1.6
4.2
.6
-.8
1.3
2.1
4.4
2.7
.1
.9
-19.2
-5.0
-2.6
-15.0
73
1.7
-.9
2.2
2.2
4.8
-.6
1.8
-1.1
-3.8
-8.4
1.4
-26.5
-2.1
-1.2
-7.3
-4.1
-10.7
-6.3
-16.4
67.3
2.4
1.7
2.5
-7.2
2.3
6.2
Retail
trade
-3.4
-2.4
3.0
-.8
-2.8
-1.2
20
-2.5
9.6
11.4
-2.8
2.6
9.6
11.9
7.2
11.6
8.3
9.8
10.7
8.9
5.5
SURVEY OF CURRENT BUSINESS
group declined. In Montana and Idaho, farm
income declined considerably more than it did
for the Nation; in Idaho and North Carolina,
mining payrolls declined considerably more than
they did for the Nation.
Slowest growing States.—Increases in personal income in the 10 slowest growing States ranged
from 2.7 percent in Delaware to 4.0 percent
in Michigan and North Dakota. As a group,
these States accounted for about one-third of the
Nation's personal income.
In Michigan, Massachusetts, Maryland, Illinois, California, Connecticut, and Delaware,
payrolls declined in durables manufacturing and
in construction. In most of these States, payrolls declined in wholesale trade; payrolls increased at below-average rates in retail trade,
in the finance-insurance-real estate group, in
services, and in government. In Delaware, a
tc^^
large decline in nondurables-manufacturing payrolls mainly reflected weakness in the chemicals
industry.
In North Dakota, Florida, and Nebraska, personal income growth was slowed by substantial
declines in farm income. In North Dakota and
Florida, the declines reflected lower cash receipts;
in Nebraska, the decline reflected lower Federal
subsidy payments. In addition, payrolls in Nebraska declined in wholesale trade, and payrolls
in Florida declined in construction and in the
transportation and public utilities group.
In some of the slowest growing States, increases in payrolls in particular industries were
well above average. In North Dakota, payrolls
increased in construction and in retail trade.
In Delaware, payrolls increased in the financeinsurance-real estate group, and in Nebraska,
they increased in manufacturing.
Tables i and 2 follow. S
-1992:11
UNITED STATES 4.7%
10 fastest growing States
HI 10 slowest growing States
\~\ All other States
7
Oepa$rmrtt ,of Commeme, Su&aw.trf Economic Analysis
October 1992 • 39
SURVEY OF CURRENT BUSINESS
4O • October 1992
Table 1.—Total Personal Income,
[Millions of dollars, seasonally
Une
1
1986
State and region
United States
\r
l
\\r
1987
IV
III"
\r
IK
1988
III'
\r
IV
II"
III'
IV
3,511,971
3,576,371
3,600,839
3,633,619
3,710,236
3,744,933
3,794,385
3,910,911
3,953,636
4,026,547
4,088,094
4,186,863
215,644
61,234
14,918
101,274
16,957
14,163
7,098
220,072
62,529
15,288
103,256
17,366
14,421
7,212
224,081
63,491
15,635
105,314
17,651
14,661
7,329
228,739
65,008
15,971
107,381
18,024
14,893
7,462
232,925
66,342
16,251
109,088
18,519
15,121
7,604
237,528
67,679
16,640
111,052
19,016
15,356
7,784
243,657
69,347
17,060
113,909
19,610
15,771
7,961
251,051
71,427
17,586
117,179
20,376
16,246
8,237
255,344
72,830
17,762
119,529
20,568
16,399
8,256
260,711
73,947
18,189
122,186
21,034
16,882
8,475
266,196
75,843
18,613
124,423
21,390
17,177
8,749
273,303
78,224
19,112
127,561
21,949
17,516
8,940
706,217
9,676
11,378
74,945
141,778
298,351
170,089
718,216
9,923
11,470
76,430
144,768
303,002
172,624
729,833
10,096
11,578
77,668
147,563
307,940
174,987
736,055
10,200
11,660
79,019
149,005
310,255
175,917
748,675
10,416
11,909
80,902
152,923
314,633
177,891
759,947
10,620
12,069
82,374
154,992
319,298
180,595
773,548
10,835
12,229
84,028
158,299
324,920
183,238
794,117
11,171
12,533
86,851
163,144
332,186
188,232
808,400
11,204
12,660
88,366
167,126
339,024
190,021
821,491
11,535
13,013
89,785
169,953
344,452
192,752
840,397
11,949
13,341
92,689
174,381
350,606
197,430
860,492
12,192
13,590
94,518
178,819
360,958
200,416
599,001
177,382
71,612
135,524
148,873
65,610
613,170
183,456
73,621
137,984
150,783
67,325
613,320
182,509
73,338
138,305
151,810
67,358
618,138
183,742
74,088
139,589
152,976
67,744
629,954
187,507
75,705
141,730
155,715
69,297
631,837
188,042
76,003
142,454
155,722
69,616
638983
190!375
76,866
143,215
158,030
70,497
659,533
197,716
80,001
146,832
162,122
72,861
668,542
200,916
81,064
149,596
163,870
73,097
675,650
201,693
81,563
151,525
167,054
73,814
685,028
204,355
82,504
153,943
169,571
74,655
698,434
209,209
83,279
156,715
172,243
76,988
Plains
Iowa
Kansas
Minnesota
Missouri .
Nebraska
North Dakota
South Dakota
237,819
36,141
33,929
61,608
70,386
20,334
7,639
7,781
252,710
39,695
35,462
64,632
71,630
23,316
9,068
8,908
245,041
37,189
35,469
63,682
72,151
20,802
7,686
8,061
248,427
36,871
36,266
64,412
72,670
21,081
8,771
8,357
256,842
39,381
36,448
66,915
74,213
22,260
8,835
8,789
253,236
37,649
36,528
66,228
74,390
21,472
8,438
8,531
252,517
37,126
36,288
66,903
74,879
21,120
7,892
8,310
269,474
42,089
38,016
70,302
77,083
23,971
8,764
9,250
267,935
41,263
37,955
70,585
77,452
23,045
8,477
9,158
270,280
40,388
39,148
70,557
79,008
24,138
8,144
8,897
265,739
39,038
38,357
70,438
79,455
23,059
7,005
8,387
276,605
40,790
40,100
72,721
81,478
24,479
7,904
9,133
30
31
32
33
34
35
36
37
38
39
40
41
42
Southeast
726,050
45,666
26,005
169,899
81,422
42,270
52,220
25,292
78,355
37,963
57,772
88,655
20,532
734,675
45,837
26,070
172,859
82,701
42,473
51,594
25,461
80,009
38,504
58,620
90,104
20,444
743,990
46,558
26,170
175,159
84,124
42,742
51,218
25,577
81,599
39,027
59,668
91,595
20,553
751,028
46,778
26,363
177,397
85,415
42,864
50,501
25,615
82,366
39,565
60,288
93,352
20,523
770,369
47,768
27,403
182,901
87,062
43,655
51,211
26,924
84,342
40,440
62,076
95,923
20,663
778,777
48,081
27,014
186,256
88,190
44,160
50,456
26,583
85,738
41,142
62,672
97,649
20,836
791,583
48,968
26,860
189,601
89,990
45,065
50,917
26,717
87,282
41,841
63,667
99,697
20,979
815,482
50,518
27,479
196,053
92,896
46,460
52,029
27,446
89,790
43,112
65,812
102,471
21,417
823,684
50,503
28,234
197,281
93,913
46,490
52,616
28,029
91,206
43,658
66,336
103,876
21,542
843,225
51,938
29,346
201,8*2
96,236
47,379
53,675
28,813
93,187
44,887
67,759
106,317
21,876
858,861
52,812
28,873
207,227
98,121
48,142
53,988
28,958
95,623
45,711
68,769
108,560
22,076
878,285
54,179
29,586
212,747
100,293
48,956
55,221
29,685
97,658
46,555
70,332
110,719
22,355
43
44
45
46
47
Southwest
Arizona
New Mexico
Oklahoma
Texas
335,215
45,179
17,038
41,246
231,753
334,996
45,700
17,113
41,271
230,912
333,571
46,232
17,121
40,276
229,941
331,892
47,149
17,154
40,487
227,103
339,090
48,317
17,510
40,777
232,487
338,262
49,131
17,695
40,364
231,072
341,449
49,746
17,869
40,594
233,241
348,447
51,704
18,278
41,069
237,396
350,922
51,284
18,329
41,746
239,563
359,221
52,407
18,772
42,250
245,791
361,345
53,301
18,865
42,507
246,671
369,019
54,153
19,250
43,399
252,217
48
49
50
51
52
53
Rocky Mountain
Colorado .
Idaho
Montana
Utah
Wyoming
96,825
50,231
11,202
9,527
18,901
6,964
97,873
50,625
11,456
10.105
18,973
6,714
97,301
50,610
11,560
9,650
19,034
6,447
97,769
50,418
11,703
10,211
19,170
6,267
98,932
51,054
11,884
10,285
19,482
6,226
99,968
51,609
11,901
10,138
19,934
6,386
100,191
51,864
11,928
9,986
20,052
6,361
102,468
53,157
12,231
10,167
20,442
6,471
102,437
53,080
12,286
10,079
20,551
6,440
104,429
54,214
12,500
10,191
20,898
6,626
104,831
54,472
12,663
9,983
21,176
6,538
108,009
55,706
13,158
10,944
21,585
6,617
54
55
56
57
58
59
60
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
595,201
10,102
453,261
15,722
14,947
35,559
65,610
604,659
9,986
460,386
15,963
15,313
36,136
66,876
613,702
9,889
467,632
16,258
15,579
36,590
67,754
621,570
9,773
473,125
16,456
15,821
36,833
69,562
633,450
9,540
483,723
16,719
16,192
37,513
69,762
645,378
9,519
493,881
17,019
16,563
37,914
70,482
652,457
9,506
498,864
17,334
16,938
38,531
71,284
670,339
9,614
512,855
17,762
17,502
39,298
73,307
676,373
9,725
516,847
18,104
17,883
39,888
73,927
691,541
9,864
528,710
18,383
18,476
40,588
75,519
705,698
9,866
540,012
18,669
18,928
41,522
76,700
722,716
10,060
552,334
19,280
19,532
42,771
78,740
251,051
683,562
659,533
269,474
656,294
190,235
357,973
189,953
652,836
255,344
696,170
668,542
267,935
663,706
191,358
362,158
189,933
658,490
260,711
707,157
675,650
270,280
678,649
195,889
371,062
194,084
673,064
266,196
722,417
685,028
265,739
695,298
198,681
372,039
195,926
686,770
273,303
740,192
698,434
276,605
710,626
203,152
380,423
200,945
703,184
2
3
4
5
6
7
8
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
9
10
11
12
13
14
15
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
16
17
18
19
20
21
Great Lakes
Illinois
22
23
24
25
26
27
28
29
.
Michigan
Ohio
. .
Arkansas
Florida
Georgia
Kentucky
Louisiana
North Carolinai Z^ZZIIZZZ!".!!!!!! """I. ""!!"!!"""
South Carolina
Tennessee
Virginia
West Virginia
.. ..
.
•
Census Divisions
61
62
63
64
65
66
67
68
69
New England
Middle Atlantic
.
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
r
....
215,644
610,219
599,001
237,819
572,825
171,000
351,223
173,988
580,253
220,072
620,394
613,170
252,710
582,443
172,391
349,846
175,998
589,346
224,081
630,490
613,320
245,041
591,401
174,545
347,604
176,234
598,122
Revised. The quarterly estimates for 1986-92 incorporate the results of the December 1991 comprehensive
(benchmark) revision of the national income and product accounts (NIPA's), the July 1992 annual NIPA revision,
and the August 1992 State annual comprehensive (benchmark) revision of personal income.
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 definition, it omits
228,739
635,176
618,138
248,427
599,497
175,546
344,453
177,894
605,748
232,925
645,448
629,954
256,842
614,559
180,423
351,878
180,950
617,258
237,528
654,884
631,837
253,236
624,874
181,495
348,906
183,357
628,815
243,657
666,457
638,983
252,517
636,481
184,416
351,612
184,744
635,519
the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision
schedules.
NOTE.-—The quarterly estimates of State personal income were prepared by Marian B. Sacks, James P. Stehle,
Isabelle B. Whiston, and James M. Zavrel, under the supervision of Robert L. Brown,
SURVEY OF CURRENT BUSINESS
October 1992 • 41
States and Regions
1989
I-
1990
II'
III-
IV
I-
II-
1991
III-
IV-
I-
II-
Percent change
1992
III-
IV-
I'
\\P
1992:1-1992:11
1 ino
une
1991:11-1992:11
4,293,776
4,345,479
4,376,588
4,458,138
4,559,535
4,625,984
4,676,293
4,737,012
4,736,343
4,791,981
4,832,928
4,896,728
4,970,706
5,019,041
1.0
4.7
1
278,388
79,166
19,713
129,855
22,419
17,963
9,272
280,602
79,815
19,902
130,849
22,527
18,117
9,392
281,716
80,173
19,942
131,473
22,568
18,140
9,420
285,175
81,469
20,337
132,629
22,797
18,353
9,590
288,776
82,297
20,763
134,110
23,054
18,675
9,877
292,047
83,539
21,092
135,310
23,303
18,846
9,957
294,965
84,581
21,314
136,518
23,505
19,006
10,040
295,554
85,495
21,228
136,327
23,486
18,986
10,031
295,095
84,528
21,330
136,513
23,612
19,082
10,030
297,442
85,497
21,375
137,446
23,860
19,124
10,139
299,401
85,783
21,650
138,144
24,139
19,403
10,282
302,628
86,761
21,839
139,594
24,542
19,552
10,339
306,689
87,495
22,116
141,970
24,678
19,949
10,482
309,040
88,281
22,269
142,831
24,880
20,198
10,581
.8
.9
.7
.6
.8
1.2
.9
3.9
3.3
4.2
3.9
4.3
5.6
4.4
2
3
4
5
6
7
8
879,364
12,577
13,711
97,232
181,545
367,804
206,494
890,102
12,774
13,830
98,320
183,211
374,122
207,844
898,012
12,859
13,869
99,313
184,509
377,423
210,038
910,249
13,049
14,069
101,113
186,653
382,261
213,105
929,893
13,456
13,815
102,891
191,271
390,922
217,539
942,107
13,675
13,865
104,350
193,804
394,793
221,620
954,025
13,890
14,145
105,701
196,053
399,427
224,810
961,027
13,886
14,352
106,105
197,265
402,884
226,534
958,315
14,035
14,174
106,491
196,346
399,980
227,288
967,967
14,077
14,337
107,432
198,330
404,063
229,729
975,425
14,177
14,504
108,186
200,058
406,785
231,716
987,294
14,325
14,575
109,237
201,990
412,232
234,934
1,003,634
14,442
14,942
110,465
206,038
418,976
238,770
1,014,115
14,460
15,154
111,531
207,731
423,600
241,639
1.0
.1
1.4
1.0
.8
1.1
1.2
4.8
2.7
5.7
3.8
4.7
4.8
5.2
9
10
11
12
13
14
15
720,617
215,812
87,654
161,235
177,012
78,904
726,273
218,148
87,896
162,187
178,090
79,952
730,395
220,115
87,897
163,618
179,285
79,481
743,467
224,014
89,116
165,651
181,602
83,085
755,353
228,517
91,841
167,126
184,980
82,888
768,123
231,412
92,484
170,092
189,158
84,977
775,996
233,391
93,937
172,010
190,327
86,332
785,389
237,621
94,773
172,312
192,089
88,595
780,301
235,440
94,684
171,202
191,920
87,055
789,738
238,662
95,803
174,268
192,488
88,517
797,244
240,455
96,719
175,400
195,200
89,470
807,451
242,617
98,255
178,132
197,928
90,519
818,490
245,353
100,065
179,644
201,020
92,408
827,077
247,313
101,293
181,174
204,105
93,191
1.0
.8
1.2
.9
1.5
.8
4.7
3.6
5.7
4.0
6.0
5.3
16
17
18
19
20
21
287,408
44,163
40,068
75,870
83,200
25,167
9,099
9,841
288,483
43,571
40,635
76,720
84,069
25,068
8,717
9,702
288,130
43,053
40,341
77,254
84,671
24,947
8,348
9,515
297,751
44,948
42,025
79,621
86,237
25,667
9,191
10,061
306,284
47,787
43,101
80,751
87,392
27,259
9,258
10,736
307,676
46,445
43,600
82,040
88,401
27,093
9,391
10,707
306,642
45,945
43,626
81,940
89,003
26,872
8,828
10,429
317,442
47,591
45,934
83,424
90,471
27,647
11,021
11,354
314,915
48,284
44,536
83,177
90,809
27,682
9,386
11,041
319,458
48,221
45,635
84,391
91,675
28,305
9,893
11,338
319,668
47,762
45,447
84,959
92,697
28,281
9,473
11,048
328,832
49,121
47,207
86,550
94,700
28,611
10,860
11,783
333,382
50,913
47,066
88,513
95,791
29,317
9,915
11,868
335,642
50,457
47,485
89,456
96,532
29,336
10,290
12,086
.7
-.9
.9
1.1
.8
.1
3.8
1.8
5.1
4.6
4.1
6.0
5.3
3.6
4.0
6.6
22
23
24
25
26
27
28
29
902,513
55,095
31,105
220,118
102,003
50,621
55,640
30,760
100,598
48,117
71,535
114,000
22,922
913,389
55,946
30,517
225,821
103,040
50,902
55,931
30,653
101,642
48,438
72,312
115,415
22,773
916,459
56,238
30,394
228,197
103,875
51,489
56,194
30,623
101,708
45,569
73,021
116,295
22,858
937,693
57,273
31,135
233,056
105,513
52,604
57,155
31,164
104,113
49,722
74,308
118,340
23,308
963,775
58,725
32,763
238,517
108,492
54,146
58,906
32,190
107,685
51,578
76,135
120,619
24,018
976,820
60,058
32,956
241,829
110,151
54,712
59,637
32,567
108,965
52,697
76,928
121,953
24,367
988,539
60,621
32,851
244,613
111,840
55,507
60,413
32,799
110,181
53,283
78,230
123,502
24,699
997,275
61,426
33,297
247,200
112,403
56,510
61,566
33,302
109,545
53,706
79,153
124,126
25,039
1,008,871
62,425
34,505
249,445
113,402
56,539
62,715
34,044
110,920
54,430
80,059
125,093
25,295
1,019,021
63,039
34,778
251,381
114,827
57,441
63,499
34,332
112,471
54,738
81,013
125,870
25,632
1,029,019
63,809
34,335
252,692
116,194
58,550
64,279
34,587
114,872
55,257
81,897
126,684
25,863
1,041,297
64,560
35,175
255,066
117,469
59,580
65,388
35,217
115,880
55,797
83,634
127,301
26,228
1,062,264
66,145
36,462
258,749
120,212
60,903
66,549
36,301
118,374
56,849
85,318
129,733
26,670
1,071,131
66,665
36,942
260,641
121,515
61,128
66,893
36,495
119,542
57,294
86,002
131,049
26,965
.8
.8
1.3
.7
1.1
.4
.5
.5
1.0
.8
.8
1.0
1.1
5.1
5.8
6.2
3.7
5.8
6.4
5.3
6.3
6.3
4.7
6.2
4.1
5.2
30
31
32
33
34
35
36
37
38
39
40
41
42
377,152
55,279
19,529
44,255
258,089
381,706
55,865
19,932
44,743
261,168
384688
56,400
20,073
45,011
263,205
392,839
57,313
20,485
45,950
269,090
401,432
58,262
20,838
46,587
275,746
408,413
59,131
21,113
47,202
280,968
414,133
59,903
21,517
47,716
284,996
420,909
60,594
21,941
48,975
289,399
424,675
61,269
22,178
48,550
292,677
431,152
61,988
22,557
49,299
297,308
434,386
62,274
22,840
49,231
300,041
442,188
63,133
23,086
50,282
305,687
447,942
64,233
23,510
50,739
309,460
452,835
64,934
23,924
51,421
312,557
1.1
1.1
1.8
1.3
1.0
5.0
4.8
6.1
4.3
5.1
43
44
45
46
47
110,322
56,810
13,684
11,136
21,941
6,750
112,073
57,691
13,926
11,228
22,370
6,858
112,965
58,417
14,009
11,053
22,576
6,910
116,213
59,583
14,591
11,809
23,126
7,104
117,443
60,402
14,864
11,451
23,500
7,227
119,615
61,450
15,236
11,500
24,013
7,417
120,820
62,234
15,233
11,357
24,553
7,442
124,622
63,682
15,750
12,527
25,012
7,650
124,382
63,912
15,426
12,101
25,296
7,647
126,784
64,944
15,870
12,490
25,732
7,747
127,871
65,543
15,959
12,513
26,066
7,790
131,546
67,060
16,485
13,587
26,467
7,946
132,860
67,794
16,671
13,226
27,141
8,027
134,776
68,574
16,887
13,540
27,593
8,182
1.4
1.1
1.3
2.4
1.7
1.9
6.3
5.6
6.4
8.4
7.2
5.6
48
49
50
51
52
53
738,012
10,420
562,655
19,819
20,390
43,620
81,108
752,851
10,891
572,731
20,323
21,084
44,744
83,079
764,224
11,155
580,510
20,773
21,594
45,541
84,650
774,751
10,969
586,381
21,335
22,411
46,748
86,908
796,579
11,184
603,397
21,912
23,283
47,629
89,174
811,182
11,404
613,612
22,640
23,824
48,616
91,087
821,173
11,494
620,006
23,227
24,432
49,342
92,671
834,795
11,706
629,658
23,747
24,792
50,080
94,812
829,791
11,924
623,139
23,837
24,954
50,339
95,599
840,419
11,901
631,547
23,922
25,205
50,898
96,946
849,915
12,047
638,030
24,144
25,588
51,755
98,351
855,492
12,190
640,589
24,278
25,846
52,418
100,170
865,445
12,573
645,377
24,907
26,531
53,570
102,488
874,426
12,610
652,223
25,155
26,928
54,156
103,354
1.0
.3
1.1
1.0
1.5
1.1
.8
4.0
6.0
3.3
5.2
6.8
6.4
6.6
54
55
56
57
58
59
60
299,401
838,559
797,244
319,668
828,428
238,843
447,886
238,573
824,327
302,628
849,156
807,451
328,832
835,879
242,992
456,532
243,611
829,646
306,689
863,785
818,490
333,382
850,436
248,666
463,210
247,134
838,914
309,040
872,970
827,077
335,642
858,150
250,290
467,813
250,561
847,498
.8
1.1
1.0
.7
.9
.7
1.0
1.4
1.0
3.9
4.9
4.7
5.1
4.6
6.1
5.2
5.9
4.0
61
62
63
64
65
66
67
68
69
Census Divisions
278,388
755,843
720,617
287,408
731,279
208,011
389,088
205,520
717,622
280,602
765,178
726,273
288,483
742,054
209,812
392,357
208,954
731,767
281,716
771,970
730,395
288,130
744,542
211,370
394,804
211,031.
742,629
285,175
782,019
743,467
297,751
762,283
215,349
403,331
216,423
752,340
288,776
799,731
755,353
306,284
781,071
221,196
414,002
219,826
773,296
292,047
810,217
768,123
307,676
791,851
224,265
420,763
223,682
787,359
294,965
820,289
775,996
306,642
801,853
227,158
425,977
226,673
796,741
295,554
826,683
785,389
317,442
806,363
230,392
433,237
231,949
810,003
295,095
823,614
780,301
314,915
813,284
233,067
438,447
232,783
804,837
297,442
832,122
789,738
319,458
820,764
235,825
444,884
236,534
815,214
Data Availability
i
Detailed tabulations of the quarterly estimates for the years 1986-92 are available. These tabulations present personal
income by major type of payment, labor, and proprietors' earnings by Standard Industrial Classification (sic) Division,
and wages and salaries by sic Division. Quarterly estimates for the years 1969-85 are also available; these estimates do
not reflect the comprehensive revisions to the State annual estimates that were released in September 1992. For further
information, write to the Regional Economic Information System, Regional Economic Measurement Division, BE-55,
Bureau of Economic Analysis, U. S. Department of Commerce, Washington, DC 20230, or call (202) 254-6630.
SURVEY OF CURRENT BUSINESS
42 • October 1992
Table 2.—Nonfarm Personal Income,
[Millions of dollars, seasonally
1986
Line
1
tab and region
United States
2 New England
3
Connecticut
4
Maine
5
Massachusetts
6
New Hampshire
7
Rhode Island
8
Vermont
I"
II'
1987
III"
IVr
I'
IIr
1988
lllr
IVr
I'
\V
lllr
IV
3,491,488
3,532,189
3,573,368
3,602,695
3,666,003
3,710,972
3,769,418
3,861,218
3,984,789
4,061,142
4,144,057
215,153
61,099
14,840
101,127
16,937
14,125
7,024
219,555
62,394
15,205
103,098
17,346
14,378
7,133
223,402
63,330
15,537
105,102
17,621
14,599
7,214
228,117
64,862
15,880
107,164
17,999
14,845
7,367
232,340
66,189
16,132
108,929
18,491
15,084
7,515
236,911
67,527
16,517
110,893
18,978
15,313
7,683
242,986
69,194
16,911
113,767
19,553
15,717
7,845
250,302
71,259
17,415
117,014
20,312
16,194
8,107
254,807
72,677 _
•17,665
119,393
20,527
16,369
8,177
260,114
73,785
18,080
122,037
20,989
16,845
8,378
265,385
75,637
18,467
124,220
21,331
17,113
8,617
272,477
78,024
18,949
127,349
21,893
17,465
8,797
3,912,405
9
10
11
12
13
14
15
Mideast .
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
704,498
9,559
11,378
74,720
141,592
297,870
169,378
716,060
9,769
11,470
76,111
144,521
302,377
171,812
727,417
9,932
11,578
77,376
147,281
307,279
173,972
734,054
10,056
11,660
78,743
148,790
309,683
175,122
746,739
10,313
11,909
80,618
152,668
314,114
177,116
757,883
10,517
12,069
82,094
154,744
318,689
179,770
771,547
10,737
12,229
83,777
158,039
324,277
182,488
791,503
11,039
12,533
86,487
162,858
331,296
187,290
806,400
11,089
12,660
88,072
166,907
338,371
189,301
819,373
11,391
13,013
89,438
169,720
343,840
191,971
837,966
11,730
13,341
92,280
174,069
349,999
196,546
857,845
11,970
13,590
94,063
178,519
360,209
199,494
16
17
18
19
20
21
Great Lakes
Illinois
Indiana
Michigan
Ohio ..
Wisconsin
597,434
176,910
71,660
135,393
148,608
64,863
604,932
179,913
72,343
137,313
149,749
65,613
610,638
181,988
73,145
137,903
151,393
66,210
615,375
182,969
73,862
139,215
152,538
66,791
625,260
186,152
74,824
141,215
155,032
68,036
628,815
187,508
75,564
142,091
155,249
68,402
637,713
190,592
76,856
142,933
157,808
69,525
651,379
194,668
78,884
145,758
161,058
71,011
661,498
198,548
79,412
148,843
162,879
71,815
671,998
200,659
81,008
150,905
166,393
73,034
685,890
205,385
83,030
153,659
169,441
74,375
697,492
209,477
84,222
156,118
172,052
75,623
22
23
24
25
26
27
28
29
Plains ....
Iowa ..
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota .
235,729
35,283
34,105
60,985
70,286
19,844
7,647
7,579
237,983
35,522
34,286
61,824
70,933
20,072
7,669
7,677
240,428
35,719
34,574
62,746
71,740
20,213
7,670
7,766
241,412
35,608
34,888
63,041
72,331
20,163
7,619
7,761
245,704
36,320
35,149
64,627
73,579
20,427
7,752
7,850
247,103
36,603
35,437
64,994
73,980
20,481
7,739
7,868
249,610
36,812
35,849
65,898
74,633
20,703
7,784
7,930
254,170
37,675
36,464
67,053
76,017
21,048
7,840
8,074
256,932
37,894
36,722
68,271
76,749
21,328
7,852
8,115
261,513
38,569
37,577
69,255
78,351
21,606
7,898
8,258
264,913
39,253
38,003
70,136
79,415
21,910
7,893
8,303
269,971
40,082
38,623
71,779
80,640
22,388
7,990
8,468
30 Southeast .
Alabama
31
32
Arkansas
33
Florida
34
Georgia
Kentucky
35
36
Louisiana
37
Mississippi
38
North Carolina
39
South Carolina
40
Tennessee
41
Virginia
42
West Virginia
719,786
45,184
25,141
167,632
80,757
41,873
51,916
25,112
77,563
37,921
57,691
88,485
20,511
727,936
45,530
25,352
170,557
81,911
41,912
51,393
25,259
78,849
38,429
58,490
89,842
20,410
737,748
46,105
25,631
173,192
83,302
42,194
51,164
25,503
80,308
38,960
59,494
91,377
20,518
744,896
46,328
25,842
175,417
84,550
42,266
50,444
25,539
81,270
39,490
60,134
93,118
20,498
760,116
47,153
25,846
180,568
86,119
43,114
50,406
25,872
82,925
40,176
61,678
95,613
20,645
770,484
47,616
26,086
183,774
87,367
43,626
50,208
26,029
84,322
40,910
62,417
97,321
20,809
784,966
48,528
26,331
187,689
89,268
44,456
50,725
26,423
86,038
41,663
63,465
99,431
20,950
806,955
49,929
26,905
193,859
91,857
45,504
51,788
27,052
88,287
42,841
65,460
102,078
21,395
814,528
49,985
27,082
194,798
93,082
45,887
52,181
27,310
89,832
43,392
65,989
103,479
21,510
832,220
51,303
27,625
199,012
95,325
46,759
52,953
27,912
91,620
44,555
67,409
105,909
21,838
849,033
52,019
27,936
204,700
96,985
47,493
53,606
28,344
93,826
45,403
68,522
108,147
22,053
865,302
53,095
28,299
209,922
98,706
47,995
54,260
28,750
95,849
46,141
69,769
110,204
22,313
333 382
44,632
16,897
40,964
230,890
332,056
45,161
16,880
40,417
229,598
331,564
45,745
16,937
39,957
228,925
329,429
46,709
16,957
39,599
226,165
333,518
47,603
17,257
39,696
228,962
334,936
48,561
17,420
39,770
229,185
339,210
49,230
17,686
40,195
232,098
345,371
50,871
18,064
40,612
235,824
347,848
50,841
18,113
40,927
237,968
354,244
51,633
18,489
41,536
242,586
358,692
52,538
18,621
41,933
245,601
364,078
53,161
18,907
42,457
249,552
96,575
50,170
10,986
9,620
18,852
6,947
96,301
50,108
11,015
9,645
18,869
6,665
96,220
50,170
11,077
9,627
18,940
6,405
95,952
49,977
11,037
9,626
19,089
6,223
97,223
50,645
11,232
9,772
19,377
6,198
98,195
51,062
11,297
9,781
19,781
6,274
99,099
51,578
11,427
9,824
19,944
6,325
100,887
52,530
11,663
9,965
20,310
6,418
101,127
52,633
11,719
9,993
20,411
6,370
102,617
53,412
11,900
10,125
20,697
6,482
103,832
54,074
12,101
10,191
20,994
6,473
105,429
54,836
12,353
10,411
21,337
6,492
588,931
10,097
448,344
15,472
14,930
35,186
64,903
597,366
9,980
455,011
15,705
15,289
35,634
65,748
605,951
9,879
461,808
15,977
15,544
36,016
66,726
613,460
9,767
467,337
16,196
15,785
36,152
68,223
625,103
9,535
477,493
16,497
16,158
36,927
68,493
636,645
9,512
487,261
16,791
16,502
37,294
69,285
644,287
9,490
492,622
17,108
16,892
37,934
70,241
660,651
9,606
505,208
17,523
17,459
38,667
72,189
669,265
9,719
511,574
17,893
17,837
39,261
72,980
682,710
9,857
521,981
18,161
18,390
39,899
74,421
695,430
9,856
532,249
18,419
18,867
40,548
75,492
711,464
10,043
543,906
19,028
19,456
41,765
77,265
250,302
681 ,444
651,379
254,170
650,377
187,945
355,129
187,280
643,193
254,807
694,578
661,498
256,932
657,915
189,171
358,159
187,917
651,428
260,114
705,531
671 ,998
261,513
672,102
193,382
364,700
191,129
664,320
265,385
720,614
685,890
264,913
688,465
196,377
369,076
193858
676,564
272,477
738,222
697,492
269,971
702,758
199,609
374^567
196954
692,007
43
44
45
46
47
Southwest
Arizona
New Mexico
Oklahoma
Texas
48
49
50
51
52
53
Rocky Mountain
Colorado
Idaho
Montana
Utah .
Wyoming
54
55
56
57
58
59
60
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
Census Divisions
61
62
63
64
65
66
67
68
69
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific .
215,153
608,841
597 434
235,729
568,526
169,860
348,911
173,033
574,001
' Revised.
p Preliminary.
NOTE.—Nonfarm personal income is total personal income less farm earnings.
219,555
618,710
604,932
237,983
577,349
171,192
346,761
173,630
582,078
223,402
628,531
610,638
240,428
586,544
173295
345,677
174,445
590,407
228,117
633,596
615,375
241,412
594,802
174,267
342,049
175,403
597,675
232,340
643898
625,260
245,704
608,887
177,818
344,910
178,241
608,945
236,911
653,202
628,815
247,103
619,183
179,688
345,248
180,678
620,143
242,986
664,804
637,713
249,610
631,781
182,873
349,350
182,908
627,395
SURVEY OF CURRENT BUSINESS
October 1992 • 43
States and Regions
adjusted at annual rates]
1989
\r
1990
II'
III'
IV r
1'
II'
1991
III'
IV
I'
II'
Percent change
1992
III'
IV
I'
II*
1992:1-1992:11
ILine
jno
1991:11-1992:11
4,233,510
4,295,065
4,340,158
4,410,715
4,502,552
4,575,046
4,638,145
4,685,501
4,693,126
4,741,913
4,795,380
4,848,402
4,920,084
4,969,798
1.0
4.8
1
277,602
78,946
19,561
129,636
22,379
17,922
9,159
279,847
79,621
19,745
130,654
22,486
18,075
9,267
280,999
79,993
19,776
131,311
22,531
18,089
9,297
284,466
81,307
20,166
132,456
22,757
18,315
9,464
287,892
82,031
20,575
133,891
23,005
18,639
9,752
291,200
83,302
20,893
135,115
23,253
18,807
9,831
294,181
84,368
21,122
136,344
23,461
18,969
9,916
294,855
85,317
21,049
136,173
23,441
18,957
9,918
294,340
84,292
21,208
136,299
23,566
19,049
9,926
296,650
85,267
21,239
137,226
23,810
19,084
10,023
298,622
85,568
21,504
137,940
24,088
19,363
10,159
301,877
86,563
21,687
139,394
24,494
19,517
10,221
305,859
87,293
21,959
141,756
24,619
19,908
10,325
308,160
88,067
22,095
142,598
24,822
20,159
10,419
.8
.9
.6
.6
.8
1.3
.9
3.9
3.3
4.0
3.9
4.3
5.6
4.0
2
3
4
5
6
7
8
876,193
12,362
13,711
96,721
181,214
366,926
205,259
886,981
12,545
13,830
97,867
182,902
373,179
206,658
895,283
12,669
13,869
98939
184^232
376,562
209,011
907,608
12,886
14,069
100,759
186,416
381,385
212,094
926,760
13,266
13,815
102,410
190,985
389,972
216,311
938,919
13,476
13,865
103,842
193,509
393,862
220,364
951,251
13,711
14,145
105,262
195,807
398,590
223,735
958,519
13,752
14,352
105,741
197,053
401,998
225,624
955,861
13,881
14,174
106,113
196,089
399,165
226,440
965,181
13,887
14,337
106,966
198,049
403,175
228,766
972,951
14,000
14,504
107,761
199,796
406,013
230,877
984,893
14,153
14,575
108,821
201,754
411,477
234,113
1,000,913
14,239
14,942
109,988
205,786
418,084
237,874
1,011,336
14,270
15,154
111,070
207,451
422,712
240,678
1.0
.2
1.4
1.0
.8
1.1
1.2
4.8
2.8
5.7
3.8
4.7
4.8
5.2
9
10
11
12
13
14
15
711,544
212,780
86,226
159,907
175,695
76,935
718,942
216,258
86,850
161,029
177,021
77,783
726,427
218,943
87,269
162,822
178,609
78,784
736,582
222,521
88,308
164,767
180,778
80,209
747,908
225,725
90,419
165,914
183,717
82,132
762,409
229,844
91,637
169,150
188,185
83,593
772,068
232,781
93,487
171,299189,617
84,884
779,026
236,391
94,069
171,505
191,186
85,875
776,415
234,185
94,220
170,410
191,284
86,316
785,175
237,358
95,305
173,415
191,864
87,233
794,206
239,900
96,556
174,739
194,802
88,209
803,667
241,782
98,005
177,383
197,388
89,108
813,064
243,828
99,483
178,702
200,314
90,737
822,404
246,116
100,906
180,255
203,495
91,633
1.1
.9
1.4
.9
1.6
1.0
4.7
3.7
5.9
3.9
6.1
5.0
16
17
18
19
20
21
274,477
40,675
39,243
72,789
82,075
22,875
8,186
8,634
279,486
41,402
39,801
74,606
83,238
23,322
8,301
8,816
282,769
41,728
40,183
75,664
84,229
23,661
8,385
8,919
288,004
42,742
40,955
77,341
85,228
24,086
8,544
9,108
292,305
43,550
41,795
77,867
86,475
24,566
8,708
9,345
297,565
44,177
42,540
79,694
87,731
25,081
8,834
9,507
301,103
44,836
43,230
80,510
88,575
25,312
8,954
9,685
304,615
45,385
43,636
81,388
89,464
25,839
9,093
9,810
306,349
45,738
43,999
81,474
90,102
25,961
9,127
9,948
309,693
46,193
44,443
82,599
90,997
26,178
9,216
10,067
314,009
46,644
45,170
83,668
92,291
26r608
9,360
10,268
317,858
47,146
45,650
84,751
93,694
26,771
9,472
10,373
323,522
48,101
46,446
86,654
94,965
27,101
9,645
10,611
326,771
48,525
46,802
87,689
95,731
27,362
9,871
10,791
1.0
.9
.8
1.2
.8
1.0
2.3
1.7
5.5
5.0
5.3
6.2
5.2
4.5
7.1
7.2
22
23
24
25
26
27
28
29
887,201
54,099
28,803
216,753
100,542
49,389
54,610
29,552
98,526
47,679
70,964
113,412
22,873
900,904
55,019
29,258
222,363
101,657
49,953
55,419
30,022
99,684
48,031
71,934
114,838
22,727
907,391
55,443
29,711
226,108
102,616
50,610
55,921
30,269
100,062
45,233
72,778
115,811
22,827
927,994
56,494
30,286
231,031
104,373
51,483
56,760
30,646
102,559
49,345
73,919
117,823
23,275
950,365
57,892
31,032
235,590
107,264
52,953
58,097
31,351
105,331
51,240
75,677
120,016
23,922
964,861
59,041
31,520
239,461
108,912
53,793
58,982
31,863
106,768
52,370
76,530
121,344
24,276
978,915
59,774
32,013
242,559
110,742
54,622
59,986
32,337
108,282
53,029
77,943
123,009
24,620
987,319
60,579
32,259
245,174
111,355
55,432
61,036
32,703
107,986
53,405
78,701
123,714
24,977
995,635
61,378
32,690
246,530
112,137
55,501
61,932
33,149
108,748
54,056
79,664
124,619
25,231
1,004,799
61,850
32,892
247,985
113,321
56,541
62,805
33,465
110,138
54,283
80,641
125,312
25,564
1,017,494
62,627
33,381
250,253
114,554
57,643
63,784
33,971
112,841
54,833
81,607
126,205
25,794
1,028,655
63,344
33,874
252,594
115,891
58,361
64,676
34,420
113,939
55,389
83,170
126,832
26,164
1,047,353
64,781
34,665
255,994
118,461
59,630
65,493
35,225
116,088
56,384
84,829
129,202
26,602
1,056,898
65,494
35,204
258,217
119,627
60,010
65,785
35,502
117,265
56,834
85,523
130,548
26,887
.9
1.1
1.6
.9
1.0
.6
.4
.8
1.0
.8
.8
1.0
1.1
5.2
5.9
7.0
4.1
5.6
6.1
4.7
6.1
6.5
4.7
6.1
4.2
5.2
30
31
32
33
34
35
36
37
38
39
40
41
42
371,396
54,375
19,200
43,160
254,662
377,253
55,110
19,565
43,805
258,773
382,006
55,772
19,762
44,277
262,196
388,673
56,658
20,070
44,989
266,956
396,004
57,519
20,506
45,667
272,312
403,084
58,402
20,778
46,258
277,646
410,346
59,314
21,214
46,871
282,947
415,161
59,951
21,519
47,516
286,174
420,226
60,667
21,878
47,818
289,864
425,618
61,343
22,135
48,251
293,889
430,774
61,665
22,493
48,724
297,892
437,263
62,484
22,701
49,221
302,856
442,923
63,486
23,165
49,923
306,350
447,226
64,180
23,541
50,666
308,840
1.0
1.1
1.6
1.5
.8
5.1
4.6
6.4
5.0
5.1
43
44
45
46
47
107,727
56,072
12,676
10,595
21,725
6,658
109,656
56,928
12,995
10,823
22,149
6,761
111,145
57,843
13,199
10,869
22,386
6,847
112,972
58,591
13,496
11,032
22,879
6,975
115,050
59,595
13,845
11,228
23,257
7,124
117,049
60,652
14,078
11,246
23,762
7,311
119,074
61,664
14,318
11,400
24,345
7,347
120,912
62,589
14,558
11,547
24,749
7,470
122,621
63,381
14,760
11,837
25,122
7,520
124,228
64,184
14,999
11,987
25,501
7,558
126,260
65,056
15,320
12,345
25,882
7,658
128,215
66,118
15,553
12,558
26,242
7,744
130,864
67,218
15,985
12,867
26,944
7,850
132,478
67,935
16,142
13,091
27,356
7,954
1.2
1.1
1.0
1.7
1.5
1.3
6.6
5.8
7.6
9.2
7.3
5.2
48
49
50
51
52
53
727,370
10,414
554,611
19,587
20,295
42,768
79,695
741,996
10,884
564,541
20,087
20,973
43,918
81,593
754,138
11,149
573,039
20,538
21,488
44,626
83,298
764,416
10,959
578,930
21,102
22,299
45,789
85,338
786,269
11,177
595,704
21,685
23,182
46,780
87,739
799,959
11,397
605,070
22,403
23,721
47,728
89,640
811,208
11,488
612,611
22,997
24,333
48,445
91,335
825,094
11,696
622,985
23,526
24,689
49,103
93,095
821,678
11,919
617,286
23,620
24,868
49,608
94,378
830,570
11,896
624,484
23,700
25,114
50,018
95,357
841,063
12,042
631,592
23,927
25,501
50,869
97,133
845,973
12,182
634,150
24,064
25,738
51,415
98,424
855,585
12J568
638,306
24,687
26,422
52,594
101,009
864,525
12,604
645,189
24,930
26,812
53,205
101,785
1.0
.3
1.1
1.0
1.5
1.2
.8
4.1
6.0
3.3
5.2
6.8
6.4
6.7
54
55
56
57
58
59
60
298,622
836,686
794,206
314,009
820,746
235,848
443,781
235,919
815,562
301,877
847,344
803,667
317,858
828,359
239,295
450,628
239,139
820,236
305,859
861,744
813,064
323,522
841,899
244,464
456,431
243,937
829,164
308,160
870,842
822,404
326,771
849,872
246,530
460,496
247,011
837,713
.8
1.1
1.1
1.0
.9
.8
.9
1.3
1.0
3.9
4.9
4.7
5.5
4.7
6.0
5.2
6.1
4.0
61
62
63
64
65
66
67
68
69
Census Divisions
277,602
753,398
711,544
274,477
722,580
204,003
381,234
201,596
707,075
279,847
762,739
718,942
279,486
733,542
206,928
387,254
205,304
721,023
280,999
769,805
726,427
282,769
738,135
209,100
392,105
208,166
732,650
284,466
779,895
736,582
288,004
756,119
212,542
398,992
211,998
742,118
287,892
797,269
747,908
292,305
772,854
217,873
407,108
216,257
763,087
291,200
807,735
762,409
297,565
784,316
221,227
414,406
219,950
776,238
294,181
818,133
772,068
301,103
795,359
224,676
421,816
223,935
786,875
294,855
824,674
779,026
304,615
800,455
227,414
426,985
227,072
800,405
294,340
821,694
776,415
306,349
805,489
229,692
432,304
230,033
796,810
296,650
829,990
785,175
309,693
811,794
232,498
437,836
232 821
805,455
44
SURVEY OF CURRENT BUSINESS
October 1992
Foreign Direct Investment in the United States:
Establishment Data for 1987
By Ned G. Howenstine and William J. Zeile
N JUNE 1992, highly detailed establishment7
level data on foreign direct investment in the
United States (FDIUS) became available for the
first time as a result of an ongoing project between the Bureau of Economic Analysis (BEA)
and the Bureau of the Census.1 The project,
which linked BEA'S enterprise, or company, data
with the Census Bureau's establishment, or plant,
data was undertaken as a result of the passage of
the Foreign Direct Investment and International
Financial Data Improvements Act of 1990, which
authorized the exchange of confidential data between the two statistical agencies.2 The purpose
of this exchange was to improve the quality of
U.S. Government data on FDIUS so that analysts
could better assess the impact of FDIUS on the
U.S. economy.
The new data cover the number, employment,
payroll, and shipments or sales of the establishments of U.S. affiliates of foreign companies in
198/.3 The data are disaggregated by industry in
much finer detail than the previously available
company-level data collected by BEA (more than
800 industries, up from 135), and they more precisely indicate the activities conducted by affiliates
in specific industries.
The initial data link covered 1987 because that
was a benchmark, or census, year for both
agencies. In 1993, expanded information will
be published for 1989 and 1990 on the man1. This article presents only summary data from the project. For more
detailed data, see Bureau of Economic Analysis and Bureau of the Census,
Foreign Direct Investment in the United States: Establishment Data for 1987
(Washington, DC: U.S. Government Printing Office, June 1992).
2. In addition to the exchange of data with the Census Bureau, the act
also authorized BEA to give the Bureau of Labor Statistics (BLS) access to
its foreign direct investment data so that BLS could identify foreign-owned
establishments in its database. This year, BLS released data on the number,
employment, and payroll of foreign-owned establishments in 1989 and 1990.
3. A U.S. affiliate is a U.S. business enterprise that is owned 10 percent
or more, directly or indirectly, by a foreign person. "Person" is broadly defined to include any individual, corporation, branch, partnership, associated
group, association, estate, trust, or other organization and any government
(including any corporation, institution, or other entity or instrumentality of
the government). For convenience, the establishments of U.S. affiliates of
foreign companies are sometimes referred to in this article as "foreign-owned
establishments." The data presented here for these establishments are not
adjusted for percentage of foreign ownership. Thus, for example, the employment data include all employees of any given establishment, even though
the foreign investor may own less than 100 percent of the affiliate to which
the establishment belongs.
ufacturing establishments of U.S. affiliates; this
information will include most of the items covered by the Census Bureau's Annual Survey of
Manufactures.
The establishment data for U.S. affiliates shed
new light on the characteristics of FDIUS and help
answer key questions, such as the following.
• How much of U.S. industry is owned by
foreign companies? The new data indicate that
foreign-owned establishments accounted for only
4 percent of the employment of U.S. businesses.
In manufacturing, foreign-owned establishments'
employment share was 7 percent. In nearly
one-half of 459 detailed manufacturing industries, foreign-owned establishments' employment
shares were less than 5 percent; their employment
share exceeded 25 percent in only 5 percent of
these industries. In a very small number of industries, these establishments accounted for over
50 percent of all-U.S.-business employment.
• Where do foreign companies locate their
U.S. operations? Over one-fourth of the employment by foreign-owned establishments is in
three States—California, New York, and Texas;
their share of total State employment is largest in
Delaware (13 percent) and Hawaii (7 percent).
• Do foreign-owned establishments employ
larger amounts of capital and skilled labor than
other establishments? They tend to be in industries that rely more on physical capital (plant and
equipment): The average employment share for
foreign-owned establishments was significantly
higher in the 50 most capital-intensive manufacturing industries than it was in the 50 least
capital-intensive—15 percent, compared with 4
percent. Similarly, they tend to be in industries
that have a more skilled labor force: The average
employment share for foreign-owned establishments was significantly higher in the 50 most
skill-intensive manufacturing industries than it
was in the 50 least skill-intensive—13 percent,
compared with 2 percent.
• Do foreign-owned establishments spend relatively more for research and development than
other establishments? This cannot be measured
SURVEY OF CURRENT BUSINESS
directly with the new data; however, foreignowned establishments tend to be concentrated
in the U.S. industries with the most research
and development activity. In the manufacturing industries with the highest research and
development activity, the average share of total
employment for foreign-owned establishments
was 12 percent, considerably above their average employment share of 7 percent in all other
manufacturing industries.
• How does the compensation of employees
of foreign-owned businesses compare with that
of U.S.-owned businesses? According to the new
data, the payroll per employee of foreign-owned
establishments was 29 percent higher than that of
U.S.-owned establishments. In manufacturing, it
was 12 percent higher. Within manufacturing,
payroll per employee for foreign-owned establishments was at least 5 percent higher than that
for U.S.-owned establishments in 50 percent of
the 201 detailed manufacturing industries examined; it was at least 5 percent lower in 20 percent
of the industries and roughly equal to that of
U.S.-owned establishments in 30 percent of the
industries.
This article explores these and other questions
that can be addressed using the new establishment data. The remainder of the article
consists of four sections and a technical note.
The first section explains how the establishment
data differ from and complement the enterprise
data on FDIUS that BEA collects. The second provides an overview of the establishment
data for 1987. The third examines characteristics of the manufacturing industries in which
foreign-owned establishments are most active.
The fourth compares the payroll per employee
of foreign-owned and U.S.-owned manufacturing establishments. The technical note describes
differences between the establishment and enterprise data in terms of coverage, definition,
measurement, and classification.
Establishment and Enterprise Data
Compared
Because they more precisely measure activities
in particular industries and are more detailed
than enterprise data, the establishment data are
especially useful for analyzing the activities and
importance of U.S. affiliates of foreign companies
in specific industries. On an establishment basis, data are collected for each plant or location
of an enterprise, and these data are classified by
industry according to the major activity of that
plant or location. On an enterprise basis, in contrast, all of a company's plants or locations are
consolidated on a single report and classified in
a single industry—the one that accounts for the
largest share of the company's activity. Because
U.S. affiliates are often highly diversified, they are
likely to have activities in industries other than
the one in which they are classified.
Establishment data also provide industry information in greater detail than is appropriate
for enterprise data. Because enterprises may be
diverse, it is not meaningful to classify them in industries that are narrowly defined. Consequently,
in the BEA data, enterprises are classified only at a
level that roughly approximates the Standard Industrial Classification (sic) three-digit level. At
this level, there are 135 industries. Because individual establishments are less diversified than
enterprises, they can be meaningfully classified
at a more detailed level; accordingly, in the
new establishment data, they are classified at
the sic four-digit level, which includes over 800
industries.
In addition, the establishment data provide
much more detailed industry data within individual States than has been available in the past.
Previously, data by State were available only for
the major industry divisions and for a few twodigit industries. The establishment data expand
the maximum detail shown by State to the sic
four-digit level.
The establishment data for U.S. affiliates complement BEA'S enterprise data, which are needed
for analyzing the overall significance of, and
trends in, FDIUS and for compiling the U.S. international transactions accounts, the international
investment position of the United States, and the
U.S. national income and product accounts. The
data on positions of and transactions between
U.S. affiliates and their foreign parents exist only
at the enterprise level. In addition, analyses
of some topics, such as profits and taxes, are
appropriate only at the enterprise level because
the critical, nonduplicative financial and operating data—such as balance sheets and income
statements—that are needed for these purposes
exist only at that level.
At the aggregate level, the Census Bureau establishment and BEA enterprise data for 1987 were
very similar. About 90 percent of the BEA affiliates with employment linked to one or more
Census Bureau establishments, and these affiliates
accounted for 97 percent of all affiliate employment. The linked affiliates' employment was
almost the same in BEA'S enterprise data and
October 1992 •
45
46 • October 1992
SURVEY OF CURRENT BUSINESS
the Census Bureau establishment data—3,229,200
and 3,228,900, respectively. The 3OO-employee
difference reflects the net effect of differences in
coverage, definition, and measurement; these differences are discussed in the technical note, which
begins on page 54.
Although close at the aggregate level, the BEA
and Census Bureau data for individual industries often differed significantly. The differences
tended to be largest for the industries that
contained a concentration of highly diversified
enterprises—that is, enterprises with significant
portions of their activities accounted for by establishments in secondary industries. The larger
enterprises in wholesale trade and manufacturing tended to be particularly diversified. Almost
one-half of the employment of foreign-owned en-
terprises in wholesale trade was accounted for by
establishments in secondary industries—mainly
manufacturing, retail trade, and services. Similarly, about one-fourth of the employment of
foreign-owned enterprises in manufacturing was
accounted for by establishments in secondary
industries—mainly wholesale trade, retail trade,
services, and mining.
Overview of the 1987 Establishment Data
In 1987, foreign-owned U.S. companies that
linked had 66,900 establishments employing
3,228,900 workers with a payroll of $81.1 billion.
These foreign-owned establishments accounted
for i percent of the number, 4 percent of the employment, and 5 percent of the payroll of all U.S.
Table A.-Overview of Establishment Data for U.S. Affiliates, by Industry of Establishment, 1987
U.S. affiliates
Industry
All industries
Agricultural services, forestry, and fishing
Mininq
Millions of dollars
U.S. affiliates as a percentage
of all U.S.
businesses1
Number
of establishments
Number of
employees
Payroll
Shipments or
sales
Establishments
Employment
Payroll
Shipments or
sales
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
66,878
3,228,896
81,065
n.a.
1.1
3.7
4.7
96
2,106
51
n.a.
.1
.5
.8
n.a.
n.a.
16.8
1,299
97,622
3,645
26,525
3.9
643
51,422
1,647
9,142
.1
1.0
1.5
1.8
8,151
747
116
57
130
69
273
456
1,148
1,311,398
110,164
29,319
9,466
13,849
15,406
43,261
51,761
171,759
36,696
2,583
557
154
279
257
1,240
1,277
5,732
237,106
28,504
2,794
802
1,840
1,266
8,319
6,426
54,599
2.2
3.6
1.9
.2
.4
.6
4.3
.7
9.5
6.9
7.6
4.4
.9
2.0
3.0
7.1
3.5
7.7
8.5
4.9
1.1
2.2
2.8
7.4
3.8
9.6
213
417
849
311
401
675
562
163
18,201
64,220
64,525
78,119
61,434
115,976
170,320
55,783
679
1,551
1,681
2,292
1,607
3,193
4,028
1,568
26,197
8,319
9,275
17,834
7,305
14,289
21,438
14,679
9.5
2.9
5.2
4.7
1.1
1.3
3.5
1.6
97
320
170
1,074
40,456
72,839
34,284
130,712
1,141
1,980
720
5,318
12,890
7,761
5,458
2.2
3.1
.6
2,164
94,284
2,339
Wholesale trade
Of which:
Motor vehicles and eauioment
12,789
343,348
10,907
839
30,233
881
Retail trade
24,403
628,793
7,096
Finance, insurance, and real estate2
8,316
310,852
12,120
Services
9,058
390,674
6,611
14
47
225
567
6
15
mining
Construction2
Manufacturing
Food and kindred products
Textile mill products
Apparel and other textile products
Lumber and wood products
Furniture and fixtures
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products manufacturing
Rubber and miscellaneous plastics products
Stone clay and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
Electric and electronic equipment
Transportation equipment
Of which:
Motor vehicles and equipment
Instruments and related
products
Other manufacturing3
Administrative and auxiliary
..
Transoortation and oublic utilities4
Private education and noncommercial establishments
Unclassified establishments
n.a. Not available.
1. In accordance with Census Bureau practice, percentages between 0 and 0.15 are shown
as 0.1.
2. Includes "land subdivides and developers, except cemeteries" (SIC 6552).
3. Consists of the following SIC two-digit industries: Tobacco products, leather and leather products, and miscellaneous manufacturing industries.
n.a.
10.8
14.0
16.8
8.6
4.5
1.2
2.6
3.4
7.6
4.7
21.1
22.9
23.8
15.7
17.0
20.1
7.7
12.3
11.1
4.2
6.3
10.9
8.8
13.6
11.6
4.6
6.3
10.4
9.6
15.1
14.8
5.0
6.6
12.5
3.1
2.7
4.4
5.4
7.4
1.9
4.8
6.9
1.3
6.3
7.2
8.8
10.6
11.3
n.a.
1.0
1.8
1.7
n.a.
2.7
6.1
8.2
15.1
79,851
1.8
6.3
8.9
24.4
54,022
1.6
3.5
4.0
1.6
4.6
7.1
16,302
.6
2.4
2.3
2.1
13
n.a.
.1
.1
.1
.3
.1
.3
.1
n.a.
n.a.
380,137
n.a.
3.6
n.a.
4. Excludes railroads.
NOTE.—In this table, unlike in most BEA tables published elsewhere on direct investment, petroleum is not shown as a separate major industry. Instead, in order to be consistent with Census
Bureau practice, data for the various petroleum subindustries are distributed among the other
major industries. Thus, manufacturing includes petroleum and coal products, wholesale trade includes petroleum wholesale trade, retail trade includes gasoline service stations, and so on.
SURVEY OF CURRENT BUSINESS
business establishments.4 Their shares of employment and payroll were larger than their share
of the number of establishments because they
tend to be larger, on average, than U.S.-owned
establishments. Also, foreign-owned establishments tend to be more concentrated in industries,
such as manufacturing, in which establishments
were relatively large.
Table A shows, at a highly aggregated industry level, each of the items available for
foreign-owned establishments: Number of establishments, employment, payroll, and shipments
or sales.5 More detailed data are shown in tables
1-7 at the end of the article.
By industry
Among the major industries, foreign-owned establishments' shares of all-U.S.-business employment were largest in mining (14 percent), manufacturing (7 percent), and wholesale trade (6
percent). Foreign-owned establishments also accounted for relatively large shares of payroll and
shipments in these industries: In mining, 17
percent of both payroll and shipments; in manufacturing, 8 percent of payroll and 10 percent of
shipments; and in wholesale trade, 8 percent of
payroll and 15 percent of shipments. In order to
simplify the discussion and because shipments or
sales data are not available for some industries
(see footnote 5), the remainder of this section
focuses on employment.
Employment shares for foreign-owned establishments were smallest in agricultural services,
forestry, and fishing and in construction (i percent in each). They were also relatively small in
transportation and public utilities and in services
(2 percent in each).
Among the manufacturing industries shown
in table A, employment shares for foreignowned establishments were largest in chemicals
(21 percent), petroleum and coal products (16
percent), stone, clay, and glass products (12 percent), primary met^l industries (n percent), and
electric and electronic equipment (n percent).
Shares were smallest in apparel and other textile products (i percent), "other manufacturing"
4. The all-U.S.-business data used for these comparisons were taken from
the Census Bureau's Economic Censuses and County Business Patterns publications. Together, the data in these publications provide broad coverage of
the U.S. economy, accounting for about 97 percent of private U.S. employment in 1987. In terms of types of establishments, industries, and geographic
areas of the United States, the coverage of the all-U.S.-business data is the
same as that for foreign-owned establishments (see the technical note).
5. Shipments or sales data are available only for foreign-owned establishments in industries covered by the Census Bureau's 1987 Economic Censuses,
which consist of the Census of Retail Trade, Census of Wholesale Trade, Census of Service Industries, Census of Transportation, Census of Manufactures,
Census of Mineral Industries, and Census of Construction Industries.
October 1992 • 47
(2 percent), lumber and wood products (2 percent), furniture and fixtures (3 percent), and
transportation equipment (3 percent). Within
transportation equipment, foreign-owned establishments' share of total employment in motor vehicle manufacturing, which includes both
automobile and truck manufacturing, was 5
percent.
At the sic four-digit level, foreign-owned establishments had operations in 424 of the 459
industries in manufacturing. Their shares of total employment varied considerably across these
424 industries. In 175 of these industries, foreignowned establishments accounted for under 5
percent of total employment, whereas in 25 industries, they accounted for over 25 percent
(table B). In a few of the industries in the latter
group, they accounted for over 50 percent of total employment. For example, in both hydraulic
cement and noncellulosic organic fibers (which
consists mainly of polyester and nylon manufacturing), foreign-owned establishments accounted
for more than 60 percent of total employment.
As might be expected^ most of the fourdigit industries with the largest employment
shares for foreign-owned establishments were in
the two-digit industries with the largest shares
for foreign-owned establishments. For example, of the 25 four-digit industries in which the
foreign-owned share was 25 percent or more, 9
were in chemicals, 5 were in primary metals,
and 3 were in electric and electronic equipment. However, some were in the two-digit
industries—such as food, textiles, and nonelectrical machinery—in which foreign-owned establishments had relatively small employment
shares.
By country
Establishments with ultimate beneficial owners
(UBO'S) in the United Kingdom and Canada
had by far the largest employment.6 British6. An "ultimate beneficial owner" (UBO) is that person, proceeding up
a U.S. affiliate's ownership chain, beginning with and including the foreign
parent, that is not owned more than 50 percent by another person. A "foreign parent" is the first person outside the United States in a U.S. affiliate's
Table B.—Distribution of Manufacturing Industries by
Foreign-Owned Establishments' Employment Share, 1987
Percentage of total employment in an industry
accounted for by foreign-owned establishments
0
1-49
50-99 .
10.0-149
15.0-19.9
20 0-24 9
25 0 or more
Number of industries
35
175
114
60
29
21
25
48 • October 1992
SURVEY OF CURRENT BUSINESS
owned establishments had 662,000 employees—
20 percent of all employment by foreign-owned
establishments (tables 3 and 4). Canadianowned establishments had 540,000 employees, 17
percent of the total. The next largest employers were German-owned establishments, with
392,000 employees (12 percent), and Japaneseowned establishments, with 296,000 employees
(9 percent).
In manufacturing, the distribution of employment by country of UBO was similar to that for all
industries combined. In mining, establishments
with UBO'S in Canada, the United Kingdom,
and the Netherlands had the largest employment.
In wholesale trade, establishments with UBO'S
in Japan had the largest employment; establishments with UBO'S in the United Kingdom and
Germany also had sizable employment.
Within manufacturing, distributions of employment by country of UBO varied substantially among individual industries. An example is the distributions for stone, clay, and
glass products and for electric and electronic
equipment—two of the manufacturing industries in which foreign-owned establishments accounted for relatively large shares of all-U.S.business employment.
In stone, clay, and
glass products, employment was highly concentrated in British-owned establishments, which
accounted for 37 percent of employment by
all foreign-owned establishments in the industry. In contrast, in electric and electronic
equipment, employment by foreign-owned establishments was more evenly distributed: Establishments with UBO'S in four countries—the
United Kingdom, the Netherlands, Japan, and
Germany—each accounted for 14 to 29 percent of
employment by all foreign-owned establishments
in the industry.
In the other three manufacturing industries in
which foreign-owned establishments accounted
for relatively large shares of all-U.S.-business
employment—chemicals, petroleum and coal
products, and primary metals—the distributions
of employment by country of UBO were neither as concentrated as that for stone, clay,
and glass nor as dispersed as that for electric and electronic equipment. In chemicals,
establishments with UBO'S in two countries—
Canada and Germany—accounted for particularly large shares of total employment by
ownership chain that has a direct investment interest in the affiliate. Note
that a UBO, unlike a foreign parent, may be a U.S. person. A U.S. affiliate
(and its establishments) must, by definition, have a foreign parent (that is, a
foreign person must own at least 10 percent of it), even if the UBO is a U.S.
person.
foreign-owned establishments.
Similarly, in
petroleum and coal products, establishments
with UBO'S in the Netherlands and in the
United Kingdom had particularly large employment shares. In primary metals, establishments with UBO'S in three countries—Japan,
Canada, and France—had particularly large
shares.
By State
The States with the largest employment by
foreign-owned establishments were California
(376,000 employees), New York (335,000), and
Texas (218,000) (table 7). The States in which
foreign-owned establishments accounted for the
largest shares of employment were Delaware (13
percent) and Hawaii (7 percent). The next largest
shares were in New Jersey, North Carolina, South
Carolina, and West Virginia (6 percent each).
In manufacturing, foreign-owned establishments had the largest employment shares in
Delaware (38-75 percent), Alaska (19 percent) and
West Virginia (17 percent).7 In Delaware, the
large share reflected a foreign owner's minority stake in a U.S. chemical company that had
substantial employment in the State. In Alaska,
foreign-owned establishments accounted for almost one-third of all food manufacturing employment, most of which was in fish and seafood
processing. In West Virginia, foreign-owned establishments accounted for over 50 percent of
chemicals manufacturing employment.
In mining, foreign-owned establishments accounted for significant shares of total employment in many States. Over 50 percent
of all U.S. mining employment was in seven
States—Texas, Louisiana, Oklahoma, California,
Kentucky, West Virginia, and Pennsylvania—
and in each of these States, foreign-owned
establishments accounted for at least 12 percent of the mining employment. The largest
share—22 percent—was in West Virginia. In
Texas, Louisiana, and Oklahoma, foreignowned establishments had particularly large
employment shares in oil and gas extraction. In California, their share was particularly large in nonmetallic minerals mining.
In Kentucky, West Virginia, and Pennsylvania, they had a particularly large share in coal
mining.
7. A range, rather than a specific amount, is shown for Delaware because
the precise amount for this cell is suppressed to avoid disclosing confidential
information of individual companies.
SURVEY OF CURRENT BUSINESS
Characteristics of Manufacturing Industries
With Substantial Foreign Investment
Activity
This section constructs a profile of the manufacturing industries in which FDIUS tends to
be most prominent. The industry characteristics examined—capital intensity, skill level of the
workforce, plant scale, and research and development (R&D) activity—are those for which data
are readily available and are among those frequently mentioned as being important to foreign
direct investment activity.8 In the analysis, data
for foreign-owned establishments in an industry
are used in conjunction with data on the characteristics of the industry as a whole.9' Capital
intensity, skill level, and plant scale are gauged
using data from the 1987 Census of Manufactures
for 459 separate manufacturing industries. R&D
activity is gauged using more aggregated data for
54 manufacturing industries from a BEA survey
of U.S. direct investment abroad.10
The statistical findings reported in this section
indicate that in 1987 foreign-owned establishments tended to be more active in manufacturing
industries characterized by higher capital intensity: In the 50 most capital-intensive industries,
the average share of employment by foreignowned establishments was 15.0 percent, while in
the 50 least capital-intensive industries, their average employment share was 4.2 percent. The
results also indicate that foreign-owned establishments were more concentrated in manufacturing
industries that require a higher level of employee
skill: Their average employment share in the 50
most skill-intensive industries was 12.5 percent,
compared with an average share of 2.4 percent in
8. For example, some argue that foreign direct investment will be undertaken mainly by firms possessing an advantage, such as proprietary technology
or superior management, that offsets the disadvantages associated with operating in a distant and alien environment. Firms with such advantages tend to
be in industries requiring advanced technologies or a highly skilled workforce.
For summaries of these and other factors that may influence direct investment decisions, see Richard E. Caves, Multinational Enterprise and Economic
Analysis (Cambridge: Cambridge University Press, 1982), and John Cantwell,
"A Survey of Theories of International Production," in C.N. Pitelis and R.
Sugden, The Nature of the Transnational Firm (London: Routledge, 1991).
9. Data on several of these characteristics, which are now available only
for all U.S. businesses in each industry, will become separately available for
foreign-owned establishments next year, when the link is expanded to include
items from the Annual Survey of Manufactures.
10. A question of major interest that cannot be answered from the industry data is the degree to which foreign-owned establishments utilize "critical
technologies" affecting national security or long-term economic competitiveness. The U.S. Department of Defense and the National Critical Technologies
Panel have published lists of critical technologies that itemize both the processes that use such technologies and the specific products that embody them.
However, these processes and products cannot be readily associated with
industry information, even at the four-digit level, because most industries
produce a mix of products, some of which embody critical technologies and
some of which do not. In addition, multiple technologies may exist for producing some products, and information is not available to determine which
technologies have been adopted by specific establishments.
the 50 least skill-intensive industries. The results
show no significant relationship between foreign
ownership activity and the average scale of plant
operations.
At the more aggregated level of 54 manufacturing industries, the results show a significant
tendency for foreign-owned establishments to
operate in industries with the most R&D activity.
The average share of employment by foreignowned establishments in the R&D-intensive industries was 12.0 percent, compared with an
average share of 7.3 percent in all other industries.
Capital intensity, skill level, and plant scale
Based on data from the 1987 Census of Manufactures, measures of capital intensity, skill level,
and plant scale have been constructed for each
of the 459 four-digit manufacturing industries.
Capital intensity (the utilization of physical capital relative to labor) is measured as the nonpayroll
share of value added (the share of factor payments not going to wages and salaries).11 Skill
level (sometimes termed human capital intensity) is measured in two ways: (i) Payroll cost
per employee, which reflects both occupational
structure and the accumulation of skills within
occupations, and (2) wages per hour of production workers, a less comprehensive measure that
reflects the skills of production workers only.
Plant scale (the average scale of plant operations
in an industry) is measured as value added per
establishment.
In table C, the measures of capital intensity,
skill level, and plant scale are related to foreign investment activity, measured as the share of
industry employment accounted for by foreignowned establishments. Across the 459 industries,
foreign investment activity is most strongly correlated with capital intensity (measured as the
nonpayroll share of value added), suggesting that
foreign-owned establishments were most active in
industries with automated production processes.
The average value of this measure increases from
less than 60 percent in the 35 industries with zero
employment by foreign-owned establishments to
about 70 percent in the 29 industries in which the
foreign-owned establishments' share of employment ranged from 15 to 20 percent. The average
is 66 percent in the 25 industries with the most
foreign investment activity.
The tendency for foreign-owned establishments to operate in capital-intensive industries
11. Because the data needed to measure it directly are not available, capital
intensity is measured indirectly by the share of factor payments not going to
labor.
October 1992 •
49
5O •
SURVEY OF CURRENT BUSINESS
October 1992
can also be seen by comparing their activity in
the 50 most capital-intensive industries with their
activity in the 50 least capital-intensive industries.
The average employment share of foreign-owned
establishments in the 50 most capital-intensive
industries was 15.0 percent, almost four times
their average share of 4.2 percent in the 50 least
capital-intensive industries. Among the 50 most
capital-intensive industries, foreign-owned establishments accounted for at least 15 percent of
employment in 21 industries (17 of which were in
food processing or chemicals) and less than i percent of employment in only 6 industries. Among
the 50 least capital-intensive industries, foreignowned establishments accounted for at least 15
percent of employment in only 2 industries (both
of which were in household furniture) and less
than i percent of employment in 14 industries.
Table C also shows that foreign-owned establishments tended to be most active in industries
requiring a high level of employee skill. Foreign investment activity is positively correlated
with both payroll per employee and production
Table C.—Measures of Capital Intensity, Worker Skill
Level, and Plant Scale: Averages for Manufacturing
Industries Grouped by Foreign-Owned Establishments'
Employment Share, 1987
Percent
Dollars
Worker skill level
Capital inPlant
tensity:
scale:
ProducNonpayroll
Value
tion
industries
Payroll
share of per em- worker added per
establishvalue
hourly
ployee
added
ment
wages
Number
of
All industries ....
459
60.4
23,006
9.99
11,038,387
35
175
114
60
29
21
25
59.0
56.1
60.8
63.8
70.5
65.0
66.4
18,933
21,608
23833
24,419
24,260
25,978
27,380
8.39
9.44
10.18
10.53
10.67
11.45
11.87
16,497,665
6,248,51 1
16,641 365
9,062,997
10,593,963
10,682,473
16,930,380
.302*
.293*
Percentage of total
industry employment
accounted for by
foreign owned
establishments:
0
1-49
5.0-9.9
10.0-14.9
15.0-19.9
20 0-24 9
25 0 or more
Addendum:
Coefficient of
correlation between
industry measure
and foreign-owned
establishments'
share of
employment1
.342*
.034
* Statistically significant at the 5-percent level.
1. A coefficient of correlation between two variables may take on a value between -1 and
1, with absolute values closer to 1 indicating a stronger linear relationship, and with the sign
indicating whether it is a direct or inverse relationship. The Student's t test was used to
determine whether the coefficients were significantly different from zero.
NOTE.—The measures of capital intensity, worker skill level, and plant scale were computed
for all U.S. businesses in each of the 459 four-digit manufacturing industries using data from
the Census of Manufactures. The averages shown are the unweighted averages of these
measures for all industries in a given size group (defined by the share of industry employment
accounted for by foreign-owned establishments).
worker hourly wages.12 In the table, the industry averages for these two measures display a
nearly uniform tendency to increase with foreign
investment activity. Average payroll per employee increases from $18,933 in the 35 industries
with zero employment by foreign-owned establishments to $27,380 in the 25 industries with the
most foreign investment activity. Between these
same two groups of industries, the average value
of hourly wages of production workers increases
from $8.39 to $11.87.
Across the 459 industries, the two measures of
worker skill level were highly correlated with one
another: The industries with higher payroll per
employee were also the industries with higher
hourly wages for production workers.13 For payroll per employee, the average employment share
of foreign-owned establishments in the 50 most
skill-intensive industries was 12.5 percent, more
than five times their average employment share
of 2.4 percent in the 50 least skill-intensive industries. Among the 50 most skill-intensive industries, foreign-owned establishments accounted
for at least 15 percent of employment in 15 industries (8 of which were in chemicals) and for
less than i percent of employment in 8 industries (3 of which were in aerospace). Among the
50 least skill-intensive industries, foreign-owned
establishments accounted for at least 15 percent
of employment in only i industry and for less
than i percent of employment in 32 industries
(22 of which were in textiles and apparel). Similar results hold for hourly wages of production
workers.
The results in table C show no correlation
between foreign investment activity and the
measure of plant scale (value added per establishment). Foreign investment activity was
high both in industries with large-scale plant
operations (for example, industries in chemicals, primary metals, and food processing) and
in industries with small-scale plant operations
(for example, industries in furniture, machinery,
and stone, clay, and glass products). Employment by foreign-owned establishments was zero
in two of the top four industries in terms of
value added per establishment—guided missiles
and space vehicles, and cereal breakfast foods.
Country analysis.—The industry characteristics
can be related to the employment shares for
12. The industries with high employee skill requirements are not necessarily the ones with high capital intensity. The coefficient of correlation across
industries between payroll per employee (skill level) and the nonpayroll share
of value added (capital intensity) is 0.254.
13. The coefficient of correlation between payroll per employee and
production worker wages per hour is 0.959.
SURVEY OF CURRENT BUSINESS
establishments of each of six major investing
countries—Canada, France, Germany, Japan, the
Netherlands, and the United Kingdom. These six
countries together accounted for three-quarters
of the manufacturing employment of all foreignowned establishments in 1987. Except for plant
scale, which is not significantly correlated with
the employment shares of any of the six countries, the relations vary significantly among the
countries according to their industry composition of investment. Across the 459 industries, the
measure of capital intensity is significantly correlated with the employment shares of all of the
countries except France and Japan. Both measures of employee skill level are significantly correlated with the employment shares of Canada,
Germany, and the United Kingdom, but not with
those of the other three countries.
October 1992
Table D shows the relationship between the
employment shares of the establishments of the
six investing countries and industry capital intensity, as measured by the nonpayroll share of
value added. Among the six investing countries,
the correlation between the share of employment
and industry capital intensity is strongest for
British-owned establishments. The average employment share of British-owned establishments
increases from 0.4 percent in the 5 industries
with the lowest capital intensity to 5.8 percent
in the 29 industries with the highest capital intensity. In 7 of the 29 industries in the latter
group, the share for British-owned establishments was greater than 10 percent. Altogether,
British-owned establishments accounted for at
least 3 percent of employment in 21 of the 50
most capital-intensive industries; 14 of these 21
Table D.—Average Employment Shares of Foreign-Owned Establishments in Manufacturing Industries Grouped
by Level of Capital Intensity, by Selected Country of UBO, 1987
Percentage of total industry employment accounted for by establishments
with UBO's in:
Number of
industries
All industries
All
countries
Canada
France
Germany,
Federal
Republic
of
Japan
Nether- United
lands Kingdom
459
8.5
1.1
0.7
1.0
0.6
0.6
2.2
5
64
188
111
62
29
1.4
5.1
7.1
8.8
0
.5
.8
1.4
1.7
2.4
1.0
.6
.5
.7
.9
1.0
0
.7
.8
1.0
1.7
1.2
0
.5
.5
.8
.8
.8
0
.8
.3
.4
1.2
1.1
.4
.8
2.2
2.1
2.5
5.8
Capital intensity:
Nonpayroll snare of value added (percent):
Less than 40 0
40(M99
50.0-59.9
60.0-69.9
70.0-79.9
80.0 or more
Addendum:
Coefficient of correlation between capitall intensity and foreign-owned
establishments' share of employment
* Statistically significant at the 5-percent level.
1. See footnote 1 to table C.
NOTE.—The nonpayroll share of value added was computed for all U.S. businesses in each
12.6
16.7
.342*
.175*
.044
.105*
.065
.140*
.244*
of the 459 four-digit manufacturing industries using data from the Census of Manufactures.
Industries are grouped by the nonpayroll share of value added. The average employment shares
shown are unweighted averages for all industries in a given size group.
UBO Ultimate beneficial owner
Table E.—Average Employment Shares of Foreign-Owned Establishments in Manufacturing Industries Grouped
by Level of Employee Skill, by Selected Country of UBO, 1987
Percentage of total industry employment accounted for by establishments
with UBO's in:
Number of
industries
All industries
Germany,
Federal
Republic
of
Nether- United
lands Kingdom
All
countries
Canada
459
8.5
1.1
0.7
1.0
0.6
0.6
2.2
54
99
148
101
41
16
2.6
7.3
7.4
9.1
.3
.6
.8
1.9
1.8
2.9
.1
.7
.6
.9
1.1
.5
.2
.3
.8
1.7
2.2
1.4
.3
.9
.5
.6
.9
.9
(')
.8
.5
.5
.8
1.1
.7
2.2
2.1
3.1
3.2
1.0
0.302*
0.196*
0.077
0.217*
0.050
0.074
0.122*
France
Japan
Employee skill level:
Payroll per employee (dollars):
Less than 15000
15 000-19 999
20,000-24,999
25000-29999
30 000-34 999
35 000 or more
Addendum:
Coefficient of correlation between employee
skill level and foreign-owned
establishments' share of employment5
* Statistically significant at the 5-percent level.
1. Less than 0.05 percent.
2. See footnote 1 to table C.
NOTE.—Payroll per employee was computed for all U.S. businesses in each of the 459 four-
12.6
12.8
digit manufacturing industries using data from the Census of Manufactures. Industries are grouped
by the size of payroll per employee. The average employment shares shown are unweighted averages for all industries in a given size group.
UBO Ultimate beneficial owner
• 51
SURVEY OF CURRENT BUSINESS
52 • October 1992
industries were in food processing and tobacco
products.
In table E, the employment shares of the establishments of the six investing countries are
related to payroll per employee, the broader
measure of employee skill level. Among the six
investing countries, the correlation between the
share of employment and the skill level of the
workforce is strongest for German-owned establishments. The average employment share of
German-owned establishments increases from 0.2
percent for the 54 industries with payroll per
employee under $15,000 to 2.2 percent for the
41 industries with payroll per employee between
$30,000 and $35,000. Altogether, German-owned
establishments accounted for at least 3 percent of
industry employment in 13 of the 50 industries
with the highest payroll per employee; 8 of the 13
were in chemicals.
Research and development
Enterprise data on employees engaged in R&D are
collected by BEA for U.S. parent companies with
direct investment abroad and are classified by
BEA'S International Surveys Industry (isi) code.
For manufacturing, there are 54 isi groups. Because U.S. parent companies account for a large
share of economic activity in most U.S. manufacturing industries, the ratio of R&D employees
to total employment in a given industry for these
companies is taken to be representative of the degree of R&D activity in the industry as a whole.14
14. The R&D employment data used here are from BEA'S 1989 Benchmark
Survey of U.S. Direct Investment Abroad. An alternative source of enterprise
data on R&D by manufacturing industry is that published by the National
Science Foundation (NSF) in Research and Development in Industry: 1987. The
suppression by NSF of the R&D data for some industries, however, severely
To relate this measure to data on foreign-owned
establishments, employment shares of foreignowned establishments in the 54 isi manufacturing
groups were calculated.
The relationship between R&D activity in
these 54 industries and the foreign-owned establishments' employment shares—total and by
country—is shown in table F. Across the 54 industries, the share of employment accounted for
by all foreign-owned establishments is mildly correlated with the percentage of employees engaged
in R&D.15 The average share increases from 6.6
percent in the 21 industries with an R&D employment ratio of less than 2 percent to 13.9
percent in the 7 industries with an R&D employment ratio of 6-8 percent, then drops to 8.7
percent in the 4 industries with an R&D employment ratio of 8 percent or more. The figure
for the latter group was depressed by the low
share (less than 2 percent) in "other transportation equipment." Most of the R&D activity in this
industry, which includes aircraft and guided missiles, is by defense-related companies, which are
effectively shielded from acquisition by foreign
companies.16 The average employment share for
limits the usefulness of the NSF published data for cross-industry statistical
analysis. The NSF published data are also considerably more aggregated than
the BEA data on the R&D of U.S. parent companies. In table B-2 of the
NSF report, data on R&D employment and total company employment are
reported for 12 of the 20 sic two-digit industries in manufacturing. To check
for consistency with the NSF data, the BEA data on R&D employment and total
company employment by isi group were aggregated to the sic two-digit level.
Across the 12 two-digit industries for which NSF published data are available,
the coefficient of correlation between the R&D employment ratio using BEA
data and the ratio using NSF data is 0.919.
15. The share of employment by foreign-owned establishments is also
mildly correlated with an alternative measure of industry R&D activity—
expenditures on R&D performed for U.S. parent companies as a percentage
of U.S. parent company sales, which was also available from BEA data.
16. Barriers to the acquisition of defense-related companies were formalized by the passage in 1988 of the Exon-Florio amendment to the Defense
Table F.—Average Employment Shares of Foreign-Owned Establishments in Manufacturing Industries Grouped
by R&D Activity, by Selected Country of UBO, 1987
Percentage of total industry employment accounted for by establishments
with UBO's in:
Number of
industries
All
countries
All industries
Canada
France
Germany,
Federal
Republic
Japan
of
Netherlands
United
Kingdom
54
8.3
1.3
0.6
1.0
0.6
0.6
2.0
21
15
7
7
4
6.6
8.0
8.0
1.0
1.2
.9
3.4
.3
.5
.9
.7
.7
.5
.3
.9
1.3
2.6
1.3
.4
.5
.7
1.3
.8
.3
.7
.5
1.1
.8
2.2
1.7
2.0
2.2
2.0
.351*
.365*
R&D activity:
R&D employment as a percentage of total industry employment:
0-19
20-3.9
40-59
60-79
8.0 or more
Addendum:
Coefficient of correlation between R&D activity
and foreign-owned
establishments' share of emolovment l
* Statistically significant at the 5-percent level.
1. See footnote 1 to table C.
NOTE.—The percentage of total employment accounted for by R&D employees was computed
for the 54 industries using U.S. parent company data from a BEA survey of U.S. direct investment
13.9
8.7
.286*
.094
.057
.233
-.044
abroad. Industries are grouped by the percentage of U.S. parent companies' employees engaged
in R&D. The average employment shares shown are unweighted averages for all industries in
a given size group.
UBO Ultimate beneficial owner
R&D Research and development
SURVEY OF CURRENT BUSINESS
foreign-owned establishments in the other three
industries in the group was 11.1 percent.
In the 11 industries with an R&D employment
ratio of 6 percent or more (hereafter referred
to as "high-technology industries"), the average employment share was 12.0 percent, almost
twice as large as the /.3-percent average share
in the other 43 industries. If "other transportation equipment" is excluded, foreign-owned
establishments' average employment share in the
high-technology industries was 13.1 percent.17
Among individual industries, foreign-owned establishments accounted for at least 10 percent of
the employment in 5 of the n high-technology
industries; 3 of these industries were in chemicals,
and 2 were in electric and electronic equipment.
Among the six major investing countries, the
correlation between employment shares and R&D
activity is strongest for Japan and Germany.
Among the high-technology industries, Japaneseowned establishments had relatively large employment shares in the computer and electronics
industries, and German-owned establishments
had large shares in chemicals. The correlation
between employment shares and R&D activity is
weakest for British-owned establishments, which
had relatively large employment shares in a number of industries—mostly in food processing and
in stone, clay, and glass products—with very low
R&D employment ratios.
October 1992 • 53
els can be addressed because payroll per employee
can be computed for both foreign-owned and
U.S.-owned establishments.
In 1987, payroll per employee for foreignowned establishments in all industries combined
was $25,106, 29 percent higher than the $19,416 for
U.S.-owned establishments. In manufacturing,
payroll per employee for foreign-owned establishments was $27,983,12 percent higher than the
$24,886 for U.S.-owned establishments.
To some extent, the higher average payroll
per employee for foreign-owned establishments
merely reflects the concentration of these establishments in industries with higher-than-average
payroll per employee. In manufacturing, however, payroll per employee of foreign-owned establishments was also higher within most—over
two-thirds—of the sic two-digit manufacturing
industries (table G). For one-half of the industries, payroll per employee for foreign-owned
establishments exceeded that for U.S.-owned
establishments by more than 10 percent.
In some cases, the results for the sic twodigit industries reflect a tendency for foreignowned establishments to be concentrated in the
sic four-digit industries with the highest payroll per employee. For example, in stone,
clay, and glass products, payroll per employee
for foreign-owned establishments was about 12
rect Investment in the United States, 2nd edition (Washington, DC: Institute
for International Economics, 1991).
Payroll per Employee of Foreign- and
U.S.-Owned Manufacturing Establishments
The preceding section found that foreign investment activity tended to be highest in industries
with above-average capital intensity, skill levels, and R&D activity. A question arises as to
whether these characteristics differ significantly
between foreign-owned establishments and their
U.S.-owned counterparts in the same industries.
Establishment-level data are not available to answer this question for capital intensity or R&D
activity,18 but the issue of differences in skill levProduction Act. This amendment grants the President authority to suspend
or prohibit foreign acquisitions, mergers, or takeovers that threaten to impair
the national security.
17. If this industry is excluded, the coefficient of correlation between the
R&D employment share and the affiliate share of employment is 0.404 instead
of 0.286.
18. BEA'S enterprise data include information on U.S. affiliates' capital
stock and R&D expenditures. Because the capital stock measure for U.S. affiliates differs in valuation and classification from available enterprise-level
measures for all U.S. businesses, the capital intensity of U.S. affiliates and
all U.S. businesses cannot be readily compared. For R&D expenditures,
enterprise-level comparisons have been made. For example, in a recent study,
Edward M. Graham and Paul R. Krugman found the R&D expenditures per
worker of manufacturing affiliates was roughly comparable with that of all
U.S. businesses. See Edward M. Graham and Paul R. Krugman, Foreign Di-
Table G.—Payroll per Employee for All Establishments,
Foreign-Owned Establishments, and U.S.-Owned Establishments, by Major Manufacturing Industry, 1987
[Dollars]
Foreignowned
establishments establishments
All
Industry
Manufacturina
25,100
U.S.owned
establishments
27,983
24,886
Food and kindred products
20,891 23,445
Tobacco products
33235
(D)
18,985
Textile mill products
16,979
16,296
12,867
Apparel and other textile products
18,194 20,168
Lumber and wood products
Furniture and fixtures
17,780 16,703
Paper and allied products
27,580 28,665
Printing and publishing
22,383 24,681
Chemicals and allied products
30733 33375
Petroleum and coal products
manufacturing
34480 37282
Rubber and miscellaneous plastics
products
21 147 24158
14,191
Leather and leather products
(D)
23,580 26,050
Stone, clay, and glass products
Primary metal industries
28,209 29,343
24005 26152
Fabricated metal products
Machinery except electrical
27409 27532
24758 23649
Electric and electronic equipment
32,349 28,103
Transportation equipment
Instruments and related products
29,294 27,184
Miscellaneous maj^cturinji induces ...,., * ~ , J&392 .21,312
H 38$$
20,681
"4Qfeae
D
Suppressed to avoid disclosure-pf data of'-individual companies
8f K
(D)
16,887
12,836
18,154
17,814
27,498
22,300
30026
33958
20895
(D)
23,233
28,067
23,911
27401
24,893
32,483
29,463
SURVEY OF CURRENT BUSINESS
54 • October 1992
percent higher than that for U.S.-owned establishments. Much of this difference, however,
reflects foreign-owned establishments' large share
of employment in industries, such as flat glass
and hydraulic cement, that are among the top
50 in terms of payroll per employee and their
very low share of employment in industries, such
as cut stone and miscellaneous pottery products,
characterized by low payroll per employee.
In general, however, a more systematic examination of the four-digit manufacturing industry
data indicates that payroll per employee is higher
for foreign-owned establishments than for U.S.owned establishments, though the difference is
smaller than that indicated by the overall ratios
for manufacturing. For the 201 industries with
at least 10 foreign-owned establishments,19 the
unweighted average payroll per employee for the
foreign-owned establishments was $26,036, 5 percent higher than the unweighted average for the
U.S.-owned establishments.20 Among the fourdigit industries examined, many had significantly
higher payroll per employee for foreign-owned
establishments than for U.S.-owned establishments, and relatively few had significantly lower
payroll per employee. As the following tabulation
indicates, payroll per employee for foreign-owned
establishments was at least 5 percent higher than
that for U.S.-owned establishments in 100 of the
201 industries examined; in contrast, payroll per
employee for foreign-owned establishments was
at least 5 percent lower in only 38 industries.
Payroll per employee of foreign-owned
establishments relative to
U.S.-owned establishments
At least 15 percent lower —
Between 5 and 15 percent lower . . .
Within 5 percent lower or higher .
Between 5 and 15 percent higher ..
More than 15 percent higher
Number of
industries
12
26
63
52
48
Payroll per employee for foreign-owned establishments may have been higher because these
establishments had an occupational mix weighted
more heavily with higher skilled occupations than
other establishments in the same industry, perhaps reflecting the use of different technologies.
Other factors may have also played a role. For
19. In industries with only a few foreign-owned establishments, the industry ratio of payroll per employee may be distorted by the special circumstances
of one or more establishments. When establishments are created or shut
down during the year, data for the numerator may not be comparable with
data in the denominator. Because of this problem, the payroll-per-employee
comparisons for four-digit industries were limited to industries with at least
10 foreign-owned establishments.
20. A formal statistical test indicated that the mean values from the two
samples were significantly different. The computed (-statistic was 2.41, indicating a significant difference (at the 5-percent confidence level) between the
example, foreign-owned establishments may have
paid higher wage rates at a given skill level than
U.S.-owned establishments because they tended
to be located in high-wage areas or because they
faced labor market conditions that differed from
those faced by U.S.-owned establishments. The
currently available data make it difficult to assess
the relative importance of these factors. However, in 1993, additional information from the
project linking BEA and Census Bureau data will
be available to facilitate evaluation of their relative importance; a key series will be data on
the hourly wage rates paid by foreign-owned
establishments.
Technical Note
BEA'S data on foreign-owned enterprises were
linked to the Census Bureau's establishment data
primarily by matching employer identification
numbers (EIN'S). EIN'S are identification numbers that companies are required to use when
filing Federal and State payroll and income taxes;
they were reported on BEA'S 1987 benchmark survey of foreign direct investment in the United
States and are included in the Census Bureau's
establishment files. Some enterprises failed to
link based on EIN'S; in many of these cases, a
link was established by using other identification
information, such as names and addresses.
Overall, about 90 percent of the BEA affiliates
with employment linked to one or more Census
Bureau establishments.21 Based on the BEA data,
affiliates that linked had 3,229,200 employees and
accounted for 97 percent of the employment of
all U.S. affiliates (table H).22
In most industries, virtually all of the employment of BEA enterprises was accounted for by
affiliates that linked to Census Bureau establishments. Of the 104,700 employees of affiliates
that failed to link, most were in manufacturing (54,200 employees), services (15,800), and
wholesale trade (9,200).
For affiliates that linked, the employment total
based on the Census Bureau establishment data,
at 3,228,900 (column 3 of table H), was very close
to the total based on BEA'S enterprise data. The
300-employee difference (column 4) reflects the
net effect of differences in coverage, definition,
and measurement.
21. To be consistent with the all-U.S.-business data published by the
Census Bureau, the U.S.-affiliate establishment data cover only firms with
employment.
22. The BEA employment totals in column i of table H are from U.S.
Department of Commerce, Bureau of Economic Analysis, Foreign Direct
Investment in the United States: 1987 Benchmark Survey, Final Results
(Washington, DC: U.S. Government Printing Office, August 1990).
October 1992 • 55
SURVEY OF CURRENT BUSINESS
Coverage differences exist partly because the
Census Bureau data do not cover agricultural
production of crops and livestock or railroad
transportation, whereas the BEA data do. Also,
the Census Bureau data cover only the 50 States
and the District of Columbia, whereas the BEA
data also cover Puerto Rico, the Virgin Islands,
Guam, American Samoa, U.S. offshore oil and
gas sites, other outlying U.S. areas, and the employees of U.S. affiliates working abroad. Based
on the BEA data, employment in the industries
and geographic areas covered by the BEA data but
not by the Census Bureau data was 47,300 in 1987.
The effects of differences in definition and
measurement partly offset the effects of the differences in coverage. For example, in the BEA data,
employment is defined as the level at the end of
the affiliate's fiscal year. In the Census Bureau
data, employment is defined as the level during
the pay period that includes March 12. Endof-year employment can differ from March 12
employment because of seasonal factors and because some establishments begin or discontinue
operations during the year.
The BEA and Census Bureau employment totals also differ because of the few cases in which
employment of a given company was measured
incorrectly in one or the other data set. In
some of these cases, companies provided estimates of their employment, rather than actual
counts, when reporting to one of the agencies.
For some individual industries, the difference
between the BEA and Census Bureau employment totals is quite large. The principal reason
for these differences is that, as discussed earlier,
the data are classified differently by industry in
the two data sets: The BEA data are classified by
primary industry of the consolidated enterprise,
Table H.—Employment of U.S. Affiliates: BEA Enterprise Data Compared With Census Bureau Establishment
Data, 1987
[Thousands of employees]
BEA enterprise data
All industries
For all affiliates
For affiliates that
linked to Census
Bureau establishments
Census Bureau establishment data
for linked affiliates
Employment of BEA
enterprises that
linked less employment of Census Bureau establishments
that linked
(col.2-col.3)
(1)
(2)
(3)
(4)
3,333.9
3,229.2
Agriculture, forestry, and fishing'
14.3
12.4
Mining
35.5
31.4
2
Construction
52.4
Manufacturing
49.2
3,228.9
2.1
97.6
51.4
0.3
10.3
-66.2
-2.2
1,633.2
1,579.0
1,311.4
267.6
142.6
395.8
138.9
392.7
110.2
171.8
220.9
90.6
85.5
73.8
90.5
84.5
73.1
18.2
78.1
61.4
72.3
109.3
216.8
104.8
213.4
116.0
170.3
-11.2
77.2
74.2
93.6
49.0
52.9
51.8
64.5
72.8
55.8
Of which:
Food and kindred products
Chemicals and allied products
Petroleum and coal products manufacturing
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Printing and publishing
Stone, clay, and glass products
Instruments and related products
Transportation equipment
Of which:
Motor vehicles and equipment
103.2
64.6
55.7
Transportation and public utilities3
Wholesale trade
Of which:
Motor vehicles and equipment
,
Retail trade
33.2
31.0
40.5
98.0
95.5
94.3
334.9
325.7
343.3
28.7
6.4
11.6
43.1
22.5
29.1
-23.8
-2.9
-9.5
1.2
-17.6
71.4
71.2
30.2
41.0
560.4
553.9
628.8
-74.9
Finance, insurance, and real estate2
314.8
307.6
310.9
-3.3
Services
290.3
274.5
390.7
-116.2
n.a.
n.a.
.2
n.a.
.6
n.a.
Private education and noncommercial establishments
Unclassified establishments
n.a. Not applicable.
1. For the Census Bureau data, excludes agricultural production of crops and livestock (SIC
01 and 02).
2. For the Census Bureau data, includes "land subdivides and developers, except cemeteries"
(SIC 6552).
3. For the Census Bureau data, excludes railroads.
n.a.
n.a.
NOTE—In this table, unlike in most BEA tables published elsewhere on direct investment, petroleum is not shown as a separate major industry. Instead, in order to be consistent with Census
Bureau practice, data for the various petroleum subindustries are distributed among the other
major industries. Thus, manufacturing includes petroleum and coal products, wholesale trade includes petroleum wholesale trade, retail trade includes gasoline service stations, and so on.
October 1992
SURVEY OF CURRENT BUSINESS
whereas the Census Bureau data are classified by
the industry of each individual establishment, or
plant, within the enterprise. Differences in the
industry employment totals are largest in mining
(BEA'S total is 66,200 employees lower than the
Census Bureau's total), manufacturing (BEA'S total is 267,600 higher), retail trade (BEA'S total is
74,900 lower), and services (BEA'S total is 116,200
lower). Within manufacturing, the largest differences are in chemicals (BEA'S total is 220,900
higher) and petroleum and coal products (BEA'S
total is 72,300 higher).
Table I provides additional information on
how the differences in coverage, definition, measurement, and industry classification affect the
industry distribution of the data. Like table H,
table I shows the BEA enterprise and the Census
Bureau establishment employment totals for U.S.
affiliates that linked (columns i and 2). However, in table I, the Census Bureau employment
data are classified by the BEA industry rather
than by the Census Bureau industry—that is,
column 2 shows the distribution of Census Bureau employment data that would result if the
employment of all establishments were classified in the primary industry of the enterprise
of which they were a part. This approach removes the effects of classificational differences
between the two data sets, leaving, as shown
in column 25, only the effects of differences in
coverage, definition, and measurement. For example, for agriculture, forestry, and fishing, the
Table I.—Employment of U.S. Affiliates, Industry of BEA Enterprise
[Thousands
Census Bureau establishment data for linked affiliates
BEA enterprise
data for
affiliates
Total by
Agriculthat linked industry
of
tural
to Census BEA en- services,
Bureau
forestry,
establish- terprise and
fishments
ing
Industry of BEA enterprise
Line
1
Total
3,229.2
2 Aariculture. forestry, and fishina
3
12.4
Mining
24.6
4 Construction
5 Petroleum
6 Manufacturing
7
8
9
10
11
12
13
14
15
16
Of which:
Food and kindred products
Chemicals and allied products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Printing and publishing
Stone, clay, and glass products
Instruments and related products
Transportation equipment
Of which:
Motor vehicles and eauioment
(3)
(2)
(1)
Industry of Census Bureau establishment
Manufacturing
Mining
(4)
3,228.9
2.1
2.4
.3
25.4
0
0
Total
(5)
(6)
97.6
51.4
A
0
19.9
B
49.2
43.0
B
34.0
112.7
119.0
.2
28.1
0
1,488.5
1,463.2
.5
45.4
6.3
138.9
392.7
143.2
403.4
84.5
73.1
81.0
70.0
104.8
213.4
110.6
199.9
74.2
93.6
49.0
52.9
54.7
93.8
56.5
52.6
E
C
0
0
0
0
0
0
0
0
C
.1
.1
H
E
E
A
2.0
C
C
0
31.0
31.1
0
0
Transportation and public utilities
93.8
76.2
B
G
19
313.7
321.1
ChemiFood
and kin- cals and
dred
allied
products products
(8)
(7)
1,311.4
110.2
171.8
F
0
3.3
0
B
3.0
1,119.1
85.9
303.2
68.2
60.6
82.8
166.3
41.7
76.0
37.6
46.3
Primary . Fabricated
metal
metal
industries products
(10)
(9)
F
37.7
A
J
6.5
E
1.5
A
0
6.3
I
0
18
17
Of which:
Construc-1
tion
78.1
61.4
0
B
.5
B
E
0
0
1.1
H
5.7
E
1.0
86.7
161.7
74.9
11.6
0
B
0
B
0
0
0
0
.9
149.8
2.6
H
E
.6
E
1.3
.7
0
70.7
A
E
49.0
7.7
1.5
1.8
0
E
E
I
55.5
C
7.6
4.1
27.7
2.1
3.0
.2
1.4
E
4.9
26.8
0
0
F
H
.1
G
G
0
A
B
1.3
123.2
14.9
3.9
6.1
3.0
E
20
Wholesale trade
...
Of which:
Motor vehicles and eauioment
71.2
73.2
0
0
F
0
0
C
21
Retail trade
552.3
536.3
A
0
E
6.7
2.7
0
0
0
22
Finance, insurance, and real estate
307.6
331.5
A
5.8
3.5
F
E
E
23
Services
274.5
310.8
F
.
.
.
1. Includes "land subdivides and developers, except cemeteries" (SIC 6552).
2. Excludes railroads.
3. Consists of private education and noncommercial establishments and unclassified establishments.
in pmniovment reik that are smnressed The size rames are- A_o to 19- B1-5000to9»
.5
1.3
.4
G
3.8
35.2
11.7
0
c
c
0
.2
Unsuppressed cells with between 0 and 150 employees are shown as 0.1.
The distribution of the BEA employment data among industries shown in column 1 differs from that in table H
because, in the stub for this table, petroleum is shown as a separate major industry in order to be consistent with
Piously
published BEA data. In this table, the major industry "petroleum" includes affiliate employment in the
various
Petroleum subindustries. All of the other major industries exclude these petroleum subindustries. For examexcludes crude etroleum no refinin
Ple- minin
9
P
(
9> and natural 9as' ™™^mQ excludes petroleum and coal products ^fc^ ^g exdudes petroieum wholesale trade, and so on.
SURVEY OF CURRENT BUSINESS
BEA employment total is 10,000 employees higher
than the Census Bureau total largely because, as
noted earlier, coverage of agriculture is broader
in the BEA data. Other industries with relatively large differences are services (BEA'S total
is 36,300 lower), finance, insurance, and real
estate (BEA'S total is 23,900 lower), and manufacturing (BEA'S total is 25,000 higher). In
each of these industries, the differences are primarily due to differences in measurement. For
example, in services, a few companies that provide temporary employment services reported
much smaller employment to BEA than to the
Census Bureau; when reporting to BEA, they
treated some of their temporary workers as private contractors, whereas when reporting to the
October 1992
•
57
Census Bureau, they treated these workers as
employees.
Table I also breaks down each industry's
enterprise-based employment total into the industries of the establishments. That is, for
each BEA industry, columns 3-24 cross-classify
the employment total shown in column 2 by
the industry of each Census Bureau establishment. For example, column 2 shows that total
employment in enterprises classified in wholesale trade is 321,100, whereas column 19 shows
that only 169,600 of these employees actually
worked in wholesale trade establishments. The
remaining employees worked mainly in manufacturing (123,200), retail trade (10,700), and
services (7,700) establishments. Similarly, total
by Industry of Census Bureau Establishment, 1987
of employees]
Census Bureau establishment data for linked affiliates
Industry of Census Bureau establishment
Manufacturing
a which:
Machinery, except electrical
Electric
and electronic
equipment
Printing
and publishing
Stone,
clay, and
glass
products
Instruments
and related products
(11)
(12)
(13)
(14)
(15)
Transportation equipment
Total
Of which:
Motor vehicles and
equipment
(16)
(17)
Wholesale trade
Transportation and
public
utilities2
(18)
Total
Of which:
Motor vehicles and
equipment
(19)
(20)
Retail
trade
Finance,
insurance,
and real
estate l
Services
(21)
(22)
(23)
Other3
170.3
51.8
64.5
72.8
55.8
40.5
94.3
30.2
628.8
310.9
390.7
0
0
0
0
0
0
0
0
.9
0
0
C
B
0
B
0
0
1.3
A
0
0
F
.7
0
B
.3
F
A
E
C
A
.6
99.2
C
8.0
2.3
5.4
60.0
10.3
.8
141.8
E
B
0
0
E
E
B
A
0
9.4
12.0
45.5
61.2
66.8
33.7
20.8
7.9
145.8
E
0
H
E
21.8
35.9
0
0
0
53.7
0
E
27.2
G
20.4
14.1
.4
3.6
.1
C.
B
.2
.8
.6
0
G
B
0
0
F
14.4
14.0
G
B
0
0
A
B
B
65.6
5.3
21.0
19.6
0
12.4
1.3
3.0
7.0
113.3
E
2.0
G
6.3
0
.7
G
G
H
0
14.1
0
0
23.6
0
2.2
G
0
G
0
37.2
B
1.6
2.0
1.9
C
1.3
0
.8
G
12.6
.5
1.6
1.6
15.8
B
4.3
2.2
1.0
1.7
0
G
G
0
F
E
1.2
C
E
0
F
G
3.4
4.2
1.6
I
74.1
3.8
0
.4
B
E
.4
20.7
.2
1.2
.1
B
.2
.5
E
.4
.1
C
C
5
.4
25.2
6
13.4
E
A
A
0
A
A
A
.1
0
A
-4.4
J
1.1
H
8.4
4.2
2.9
1.1
2.8
.4
.3
7
8
9
10
11
12
13
14
15
16
C
A
-.2
17
A
2.8
1.7
A
0
F
.3
5.4
169.6
24.6
10.7
3.3
7.7
33.4
23.6
.9
4
59.9
0
F
A
1.9
* .3
6.2
-6.3
I
7.0
I
4.2
16.8
27.7
3
.1
J
G
A
E
F
G
.5
0
A
3.1
3.7
-.8
.7
.1
-10.7
3.5
3.1
-5.9
13.4
19.5
-.3
-7.5
17.6
18
-7.4
19
1.4
1.1
A
-2.0
20
1.2
12.2
A
16.1
21
.5
1.0
B
3.0
295.7
23.6
C
-23.9
22
4.5
3.1
0
5.6
H
275.5
-36.3
23
19.9
19.6
F
0
C
0
0
G
B
E
F
B
B
B
B
1.5
3.5
H
0
B
B
.5
1.0
1
2
505.4
C
A
.5
E
28.9
0.3
10.0
C
A
B
.8
0
A
0.8
8.7
0
0
2.8
.5
Line
(25)
(24)
116.0
343.3
Employment
of BEA enterprises that
linked less
employment of
Census Bureau establishments that
linked
(coU-coI.2)
.2
•
October 1992
SURVEY OF CURRENT BUSINESS
employment by enterprises classified in manufacturing is 1,463,200, but only 1,119,100, or about
three-fourths of the total, worked in manufacturing establishments. The rest worked mainly in
wholesale trade, retail trade, services, and mining establishments. For some industries, nearly
all of the employment total on an enterprise basis remains in the same industry when that total
is broken down by industry of establishment.
For example, of the 536,300 employees of retail trade enterprises, 94 percent worked in retail
trade establishments. Similarly, 89 percent of the
310,800 employees of services enterprises worked
in services establishments.
The matrix format of table I also enables one
to see how the total for each industry on an
establishment basis is distributed when crossclassified by industry of enterprise. The first
row of the table shows the employment total for
each industry on an establishment basis. Rows
2-23 show how the industry totals in row i
are distributed by industry of enterprise. For
example, the employment total for manufacturing establishments is 1,311,400 (row i, column
6). Reading down the column for manufacturing shows that about 85 percent of this total
(1,119,100 employees) was accounted for by enterprises classified in manufacturing, with most
of the remaining employees working for enterprises classified in wholesale trade. In motor
vehicle manufacturing, only one-third of the
40,500 employee total on an establishment basis was accounted for by enterprises classified
in motor vehicle manufacturing. Almost onehalf of the employment in the industry was
accounted for by enterprises classified in motor vehicle wholesale trade. For some industries,
most of the establishments were operated by enterprises classified in the same industries. For
example, 95 percent of the employment by finance, insurance, and real estate establishments
was accounted for by enterprises classified in that
industry.
Tables i through 7 follow. E3
SURVEY OF CURRENT BUSINESS
October 1992
•
59
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987
U.S. affiliates
SIC code
Number
of estab- Number of
lishments employees
Industry
All industries
07
071
072
074
075
076
0761
0762
078
08
Agricultural services
Soil preparation services
Crop services
Veterinary services
Animal services except veterinary
Farm labor and management services
Farm labor contractors
Farm management services
Landscape and horticultural services
Forestry
. . .
09
Administrative and auxiliary
10
101
1011
102
1021
103
1031
104
1041
1044
106
1061
108
1081
109
1094
1099
12
122
1221
1222
123
1231
124
1241
13
131
1311
132
1321
138
1381
1382
1389
14
141
1411
142
1422
1423
1429
144
1442
1446
145
1455
1459
147
1474
1475
1479
148
1481
149
1499
15
1521
1522
1531
1541
1542
Mining
Metal mining
Iron ores
Iron ores
Copper ores
Copper ores
Lead and zinc ores
Lead and zinc ores
Gold and silver ores
Gold ores
Silver ores
Ferroalloy ores except vanadium
Ferroalloy ores except vanadium
Metal mining services
Metal mining services
Miscellaneous metal ores
Uranium-radium-vanadium ores
Metal ores nee . . . .
. ,
Coal mining
Bituminous coal and lignite mining
Bituminous coal and lignite-surface
Bituminous coal-underground
Anthracite mining
Anthracite mining
Coal mining services
Coal mining services
Oil and gas extraction
Crude petroleum and natural gas
Crude petroleum and natural gas
Natural gas liquids
Natural gas liquids
Oil arid gas field services
Drilling oil and gas wells
Oil and gas exploration services
Oil and gas field services, nee
Nonmetallic minerals, except fuels
Dimension stone
Dimension stone
Crushed and broken stone
Crushed and broken limestone
.
Crushed and broken granite
Crushed and broken stone nee
Sand and gravel
Construction sand and gravel
Industrial sand
Clay, ceramic and refractory minerals
Kaolin and ball clay
Clay and related minerals, nee
Chemical and fertilizer minerals
Potash, soda, and borate minerals
Phosphate rock
Chemical and fertilizer mining, nee
Nonmetallic minerals services, except fuels
Nonmetallic minerals services, except fuels
Miscellaneous nonmetallic minerals except fuels
Miscellaneous nonmetallic minerals, except fuels
.
.
. .
Construction3
General building contractors
Single-family housing construction
Residential construction nee
Operative builders
Industrial buildings and warehouses
Nonresidential construction nee
16
Highway and street construction
Bridge tunnel and elevated highway
Water sewer and utility lines
Heavy construction nee
17
Special trade contractors
Plumbing heating and air-conditioning
1711
Painting and paper hanging
1721
Electrical work
1731
1741
Masonry and other stonework
Plastering drywall and insulation
1742
Terrgz7Q til? marble mosaic work
1743
Carpentry work
1751
1752
Floor laying and floor work nee
See foot notes at end of table.
1611
1622
1623
1629
.
. ..
U.S. affiliates as a percentage
<
all U.S. businesses2
All U.S. businesses
Millions of dollars
Shipments or
sales
Payroll
Number of
establishments
Millions of dollars
Number of
employeesl
Payroll
Shipments
or sales
Establishments
Employment
Shi
Payroll mer
or
salt
66,878
3,228,896
65
n.a.
5,928,998
87,396,607
1,715,273
n.a.
1.1
3.7
4.7
n
96
2,106
51
n.a.
75,687
437,869
6,468
.8
1,696
38
D
)
16
J)
71,992
581
3,309
16,748
6,886
807
108
506
40,543
409,364
4,498
33,271
98,553
31,510
11,593
4,548
4,059
216,965
5,957
74
503
1,391
369
128
46
66
3,323
.4
.6
1.5
J)
3.3
j)
1.8
0
5.2
.1
3.7
0
7.2
.1
11
85
1,796
17,692
264
.5
.9
5
C
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
.1
.1
.5
78
7
32
0
5
21
0
21
13
1,826
8,420
176
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n
n
n
n
n
n
n
n
n
n
n
n
n
81,0
490
0
E
212
0
212
264
0
5
4
3
D
)
n.a.
n.a.
1.2
1.0
0
.1
2.6
0
4.2
.1
.6
.3
2
C
64
1,982
59
1,299
97,622
3,645
26,525
33,617
698,100
21,739
157,964
163
7
7
19
19
13
13
49
46
3
7
7
43
43
25
15
10
10,620
G
G
H
H
1,093
1,093
3,996
H
F
19
19
585
585
958
499
459
340
o\
1,700
2
23
23
40
17
23
1
4
4
77
29
48
1,027
51
51
61
61
39
39
372
319
53
58
58
268
268
178
101
77
44,100
7,100
7,100
13,900
13,900
2,000
2,000
13,100
11,400
1,700
1,300
1,300
2,800
2,800
3,800
2,300
1,600
1,354
224
224
405
405
58
58
423
372
52
46
46
81
81
116
72
44
6,852
1,362
1,362
2,150
2,150
268
268
2,261
2,067
194
110
110
251
251
449
252
198
201
192
108
84
6
6
2
2
26,825
26,397
7,144
19,253
E
E
B
B
1,052
1,036
280
756
D
)
4,363
4,354
1,671
2,683
3,905
3,507
1,804
1,703
107
107
291
291
163,400
157,500
63,800
93,700
1,900
1,900
4,000
4,000
5,567
5,410
2,204
3,206
41
41
116
116
25,955
25,347
13,618
11,729
206
206
402
402
5.1
5.5
6.0
4.9
5.6
5.6
.7
.7
592
263
263
50
50
279
51
37
191
43,334
J
J
G
G
17,669
2,863
3,036
11,770
1,758
18,203
22,910
10,203
10,203
714
714
11,993
2,591
1,917
7,485
377,900
198,800
198,800
12,700
12,700
166,500
55,000
16,900
94,600
11,961
7,510
7,510
433
433
4,018
1,318
452
2,248
112,363
76,518
76,518
24,750
24,750
11,095
3,626
1,096
6,373
343
0
0
82
37
20
25
174
133
41
29
8
21
36
10
5
21
4
4
18
18
16,843
0
0
3,181
1,472
737
972
4,527
2,818
1,709
3,372
G
G
5,039
3,423
C
G
B
B
F
F
495
0
0
92
42
17
33
122
77
46
101
D
)
D
)
161
114
5,775
149
149
2,002
1,335
238
429
2,750
2,559
191
197
45
152
148
30
39
79
177
177
352
352
112,700
1,300
1,300
43,700
28,900
6,500
8,300
32,800
28,900
3,900
9,900
5,300
4,600
16,300
6,900
5,300
4,200
1,800
1,800
7,000
7,000
2,858
25
25
1,082
702
169
211
772
673
99
272
170
103
501
235
140
127
45
45
162
162
12,795
86
86
4,768
2,914
923
931
3,139
2,697
442
1,249
751
498
2,772
1,272
887
613
165
165
616
616
643
51,422
1,647
9,142
544,233
5,054,367
111,067
499,982
.1
1.0
167
21
10
53
21
55
21,195
F
H
2,077
7,975
7,975
630
5,584
1,067
1,435
2,279
1,278,420
396,291
81,708
168,940
143,001
488,480
27,870
6,272
1,752
4,385
3,619
11,843
212,628
39,098
13,316
48,960
21,462
89,793
.1
.1
.1
.3
.3
.2
1.7
64
203
255
157,638
90,378
8,143
20,766
7,014
31,337
1.2
5.6
1.6
(D)
1.5
5.6
2.2
91
33
9
10
38
10,030
3,213
1,661
420
4,729
375
126
46
22
181
1,634
662
221
63
679
36,596
10,986
1,159
9,919
14,532
827,124
284,380
47,494
197,632
297,618
20,408
7,041
1,192
4,513
7,662
82,285
34,161
5,481
17,010
25,633
.2
.3
.8
.1
.3
1.2
1.1
3.5
.2
1.6
1.8
1.8
3.8
.5
2.4
255
53
2
39
1
6
1
4
0
15,946
3,685
E
4,913
A
220
B
79
0
510
129
D
)
138
D
)
6
1,575
407
342,033
69,566
29,867
49,436
23,284
17,809
5,089
36,009
8,174
2,909,042
617,333
169,968
509,309
168,978
253,563
34,420
190,431
44,579
61,921
14,330
2,979
12,664
2,947
5,485
734
3,272
906
200,432
49,503
7,953
35,838
8,714
16,427
2,272
11,244
3,651
.1
.1
.1
.1
.1
.1
.1
.1
0
.5
.6
D
)
°
i
28
120
I
149
149
678
|D\
D
1
43
e
66
145
432
2,258
0
0
461
214
112
135
533
336
198
410
1
618
D
)
°!
a( )
D
16
°l
0
0
3.1
3.9
15.9
13.7
13.7
31.1
31.1
33.3
33.3
13.2
14.4
14.0
16.8
24.1
25.1
IR
54.7
54.7
30.5
47.2
47.2
28.5
5.7
4.6
4.6
1(
2'
5!
5£
!
12.1
12.1
16.0
16.0
14.0
14.9
20.9
20.9
25.2
21.7
28.2
28.2
34.3
23.4
1
1
1/
11
13.0
28.7
52.3
24
16.4
16.8
11.2
20.5
18.9
19.1
12.7
23.6
2.6
2.6
2.6
7.0
7.0
2.3
2.0
1.9
2.6
11.5
14.7
18.0
12.4
32.0
19.2
5.9
0
0
4.1
2.8
8.4
5.8
6.3
5.2
14.9
17.3
21.5
14.7
17.8
13.8
24.3
33.3
12.8
26.6
i!s
ie
r
12
22
'
1(
/D\
(°)
10.6
5.2
0
0
7.3
5.1
16.0
5.0
0
0
8.5
6.0
11.3
11.7
10.4
15.7
13.8
15.8
11.4
46.1
37.0
9.8
43.8
34.1
R
30.9
49.6
48.7
D
)
)
)
D
)
r
0
0
s
12
14
r
12
^
32
j
4*
D
D
2.3
2.3
5.1
5.1
D
D
)
1.5
1
23
D'
i
'
i
.8
.9
1.0
n1.1
.1
0
0
.1
1
(
(
0
6o • October 1992
SURVEY OF CURRENT BUSINESS
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
All U.S. businesses
U.S. affiliates
Millions of dollars
SIC code
1761
1771
1781
1791
1793
1794
1795
1796
1799
6552
Industry
Number
of establishments
Roofing, siding, and sheet metal work
Concrete work
Water well drilling
. . . .
Structural steel erection
Glass and glazing work
Excavation work
Wrecking and demolition work
Installing building equipment, nee
Special trade contractors nee
Land subdividers and developers except cemeteries
Administrative and auxiliary
2011
2013
2015
202
2021
2022
2023
2024
2026
203
2032
2033
2034
2035
2037
2038
204
2041
2043
2044
2045
2046
2047
2048
205
2051
2052
2053
206
2061
2062
2063
2064
2066
2067
2068
207
2074
2075
2076
2077
2079
208
2082
2083
2084
2085
2086
2087
209
2091
2092
2095
2096
2097
2098
2099
21
211
2111
212
2121
213
2131
214
2141
22
221
2211
222
2221
223
2231
224
2241
225
2251
2252
2253
2254
2257
2258
Food and kindred products
Meat products
Meat packing plants
Sausages and other prepared meats
Poultry slauahterina and orocessina
Dairy products
Creamery butter
Cheese natural and processed
.
Dry, condensed, evaporated products
Ice cream and frozen desserts
Fluid milk
Preserved fruits and vegetables
Canned specialties
Canned fruits and vegetables
Dehydrated fruits vegetables soups
Pickles sauces and salad dressings
Frozen fruits a n d vegetables .
Frozen specialties nee
Grain mill products
Flour and other grain mill products
Cereal breakfast foods
. .
Prepared flour mixes and doughs
Wet corn milling
Dog and cat food
Prepared feeds nee
Bakery products
Bread cake and related products
Cookies and crackers
Frozen bakery products, except bread
Sugar and confection9ry products
Raw cane sugar
.
Cane sugar refining
Beet sugar
.
Candy and other confectionery products
Chocolate and cocoa products
Chewing gum
Salted and roasted nuts and seeds
Fats and oils
Cottonseed oil mills
Soybean oil mills
Vegetable oil mills nee
Animal and marine fats and oils
Edible fats and oils nee
Beverages
Malt beverages
Malt
Wines brandy and brandy spirits
Distilled and blended liquors
Bottled and canned soft drinks
Flavoring extracts and syrups nee
Miscellaneous food and kindred products
Canned and cured fish and seafoods
Fresh or frozen prepared fisfi'
Roasted coffee
Potato chips and similar snacks
Manufactured ice
Macaroni and spaghetti
Food preparations nee .
.
.
Tobacco products
Cigarettes
Cigarettes
Cigars
Cigars
Chewing and smoking tobacco
Chewing and smoking tobacco
Tobacco stemming and redrying
Tobacco stemming and redrying
493
E
A
F
C
421
B
3,953
604
102
8,151
.
. .
~
.
.
.
Textile mill products
Broadwoven fabric mills cotton
Broadwoven fabric mills cotton
Broadwoven fabric mills manmade fiber and silk
Broadwoven fabric mills manmade fiber and silk
Broadwoven fabric mills wool
Broadwoven fabric mills wool
Narrow fabric mills
Narrow fabric mills
Knitting mills
Women's hosiery except socks
Hosiery nee
Knit outerwear mills
Knit underwear mills
Weft knit fabric mills
Lace and waro knit fabric mills
See footnotes at end of table.
10
6
1
5
4
10
2
100
11
28
Manufacturing
20
201
Number of
employees
. .
.. .
.. .
.
. .
.. .
747
47
8
24
15
67
0
7
15
9
36
82
8
18
8
21
15
12
162
8
0
2
10
18
14
110
67
44
20
3
62
2
2
9
37
6
2
4
33
3
11
3
1
15
93
1
0
22
20
36
14
134
10
29
16
11
3
1
64
10
\1
i !\
(
17
D
)
139
22
37
(D)
2 33
135
2,395
1,856
69
62
3-19
n a.
1,311,398
110,164
11,258
1,107
4,364
5,787
10,470
0
F
2,040
F
6,778
18,465
G
3,812
G
2,448
3,219
5,111
10,839
606
0
B
821
H
G
3,925
13,425
H
8,584
36,6 96
237,1 36
2,5 B3
187
18
91
78
290
0
D
)
62
D
)
187
378
28,5!34
1,9 38
2 55
1,1 38
5 76
3,6 33
0
14,654
E
G
9,166
G
E
E
3,804
C
G
C
A
G
12,239
E
0
H
3,873
3,623
1,827
15,010
F
4,539
2,276
1,778
B
B
5,544
5
2
2
0
0
2
2
1
1
H
G
G
0
0
C
C
F
F
116
8
8
22
22
29,319
4,377
4,377
4,031
4,031
H
H
924
924
1,331
E
B
A
0
C
F
7
4
4
1C
£
1
1
C
Number of
establishments
Shipments or
sales
Payroll
3
8
3°)
2,3 17
4,1 90
1
'<7I
58
104
305
15
0
D
)
16
4 36
934
3,8 09
195
0
(
3
100
3
326
J3
f
*
3
3
?
1
3
ij
2,192
1,C i)
D
)
3,C 20
D
)
°!
1,4 06
D
)
D
*
°>
• 34
D
)
i
1
80
59
1 28
$64
36
2,5 80
D)
i°\
3,208
^
1,5£1
7 58
3 55
4,184
D
)
1,102
1,172
68
D]
D
l
1
1,5 60
D
D\
°!
D
)
0
0
'$
D
0
DC
!
D]
i 557
82
82
96
96
q
21
21
21
(D)
R
0
B
U.S. affiliates as a percentage
o
all U.S. businesses2
Millions of dollars
2,7 94
i 05
4 05
f 98
j 98
R
82
82
151
D
(b
)
C
151
D
)
25,673
23,422
3,414
4,017
4,636
13,422
1,240
3,777
23,198
7,955
380
368,897
20,583
3,240
1,434
1,343
463
2,366
49
644
186
541
946
1,918
211
647
132
382
258
288
2,607
358
53
63
149
60
186
1,738
2,850
2,357
379
114
1,075
40
21
42
685
186
13
88
586
52
106
23
305
100
2,211
134
27
508
72
1,190
280
3,730
175
645
141
344
549
218
1,658
137
12
12
20
20
29
29
76
76
6,065
301
301
436
436
118
118
272
272
2,127
161
426
824
63
334
240
Number of
employees J
231,137
218,194
17,598
65,348
40,511
95,329
14,109
62,151
176,084
39,768
18,274
18,950,300
1,448,800
340,500
113,900
78,700
147,900
141,500
1,700
33,000
14,100
20,300
72,400
208,500
24,500
65,100
10,100
21,400
49,800
37,500
102,400
13,300
16,000
4,500
12,100
8,600
13,400
34,500
217,000
161,900
45,300
9,900
90,300
6,200
5,500
7,900
45,800
11,000
5,200
8,800
29,600
2,600
7,000
900
9,800
9,300
160,900
31,900
1,400
13,900
9,000
95,600
9,100
158,000
6,700
38,200
10,700
33,100
4,700
6,600
58,000
44,700
32,000
32,000
2,500
2,500
3,300
3,300
6,900
6,900
672,000
72,300
72,300
88,300
88,300
14,000
14,000
18,500
18,500
203,100
29,300
36,500
59,000
19,300
34,900
20.500
Payroll
4,314
4,175
335
1,594
919
2,060
261
1,858
3,089
867
726
Shipments
or sales
Establishments
15,028
15,056
1,330
4,863
3,222
8,244
912
5,360
10,814
2
26
1
4,636
1.3
n.a.
7.4
475,651 2,475,901
30,268
329,725
5,701
77,002
2,162
45,537
1,612
16,553
14,912
1,926
3,217
44,755
1,420
39
12,971
658
5,857
399
3,917
440
1,681
20,591
3,784
36,343
525
5,350
11,890
1,161
191
1,822
452
5,050
787
6,606
669
5,625
2,704
36,737
355
4,985
599
6,566
89
1,235
276
2,625
4,789
299
366
5,069
720
11,468
4,761
23,677
16,221
3,558
1,008
6,291
195
1,165
18,887
1,991
143
1,239
177
2,460
1,832
190
900
6,980
283
3,108
1,090
126
172
2,178
702
15,881
471
45
9,074
173
432
20
211
1,753
253
4,151
4,521
47,327
1,355
13,619
44
531
342
3,208
244
3,474
2,277
21,830
258
4,665
2,887
29,116
767
101
534
5,783
303
6,401
5,041
622
77
290
140
1,048
1,110
9,787
20,757
1,486
1,234
17,372
1,234
17,372
36
192
36
192
77
1,114
77
1,114
139
2,079
139
2,079
11,410
62,786
1,260
5,508
1,260
5,508
1,596
8,049
1,596
8,049
236
1,051
236
1,051
296
1,136
1,1.36
296
2,988
13,531
386
1,498
468
1,952
838
3,265
276
1,058
578
3,579
388
1.992
Employment
Payroll
.2
.2
R
84
( )'
(D)
D 4
6.4
.3
6.0
10.2
Ship
men
or
sale
.8
°).5
.7
1
i1
7.9
7
8.6
n
2.2
6.9
7.7
9
3.6
1.5
.6
1.8
3.2
2.8
0
1.1
8.1
1.7
3.8
4.3
3.8
2.8
6.1
5.5
5.8
4.2
6.2
2.2
0
3.2
6.7
7.6
3.3
1.0
5.5
3.9
7.4
0
D
)
8.5
3.3
.8
5.6
4.0
9.0
0
D
)
8
2
30.0
7.5
6.3
2.4
1.9
5.3
2.6
5.8
5.0
9.5
14.5
15.5
(D)
9.4
8.9
(D)
(
1,
(D)
11.4
6.5
13.6
10.6
5.4
3.2
4.5
5.6
5.8
10.4
13.0
12.2
7.4
15.5
11.3
4.1
0
4.6
0
( )
6.8
1.9
<°!
°i
D
11.4
6.2
( )
D
18.9
(D)
16.2
13.9
6.8
n
21.3
)
20.0
21.5
(°)
D
R
11
11
5
14
6
17
1C
o"
|
11
£
2!
D
17.0
(D)
D
)
D
)
21.4
-5.4
11.1
10.0
(°)
6.9
(D)
6
3
8
0
(
14
ii
2
)
1
V
12.9
13.7
(D)
(
?
(D)
(
!?
7.4
i
(D)'6
0
1
0
47.4
4
1
.3
15.0
4.2
.7
0
4.3
27.8
3.0
5.0
3.6
5.7
4.5
11.3
3.2
.5
.5
3.9
3.7
16.7
16.7
0
0
6.9
6.9
1.3
1.3
1.9
2.7
2.7
5.0
5.0
5.9
5.9
1.5
1.5
.5
1.2
.2
.1
0
.9
1.3
3*
(D)
20.1
23.1
11.3
3.8
9.5
(D)
3.5
(D)
11.9
21.3
14.7
21.0
5.4
D
)
D
)
9.6
5.8
(D)
(D)
12.5
R( ) R
T
1
1
11
1
D
0
0
0
D
R 1
R )
0
0
)
D
4.4
6.1
6.1
4.6
4.6
5.0
5.0
.7
D
)
DJ
0
(°)
P)
4.9
6.5
6.5
6.0
6.0
37.0
7.0
.7
(")
R
0
(D)
(°)
C
SURVEY OF CURRENT BUSINESS
61
October 1992
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
U.S. affiliates
Industry
SIC code
2259
226
2261
2262
2269
227
2273
228
2281
2282
2284
229
2295
2296
2297
2298
2299
23
231
2311
232
2321
2322
2323
2325
2326
2329
233
2331
2335
2337
2339
234
2341
2342
235
2353
236
2361
2369
237
2371
238
2381
2384
2385
2386
2387
2389
239
2391
2392
2393
2394
2395
2396
2397
2399
24
241
Knitting mills, nee
Textile finishing, except wool
Finishjng plants, cotton
Finishing plants, manmade
Finishing plants, nee
Carpets and rugs
Carpets and rugs
Yarn and thread mills
Yarn spinning mills
Throwing and winding mills
Thread mills ...
Miscellaneous textile goods
Coated fabrics, not rubberized
Tire cord and fabrics
Nonwoven fabrics
Cordage and twine
Textile goods, nee
Apparel and other textile products
Men's and boys' suits and coats
Men's and boys' suits and coats
Men's and boys' furnishings
Men's and boys' shirts
Men's and boys' underwear and nightwear
Men's and boys' neckwear
Men's and boys' trousers and slacks
Men's and boys' work clothing
Men's and boys' clothing, nee
Women's and misses' outerwear
Women's and misses' blouses and shirts
Women's, junior's, and misses' dresses
Women's and misses' suits and coats
Women's and misses' outerwear, nee
Women's and children's undergarments
Women's and children's underwear
Bras, girdles, and allied garments
Hats, caps, and millinery
Hats, caps, and millinery
Girls' and children's outerwear
Girls' and children's dresses and blouses
Girls' and children's outerwear, nee
Fur goods
Fur goods
Miscellaneous apparel and accessories
Fabric dress and work gloves
Robes and dressing gowns
Waterproof outerwear
Leather and sheep-lined clothing
Apparel belts ..
Apparel and accessories, nee
Miscellaneous fabricated textile products
Curtains and draperies
Housefurnishings, nee
Textile bags ....
Canvas and related products
Pleating and stitching
Automotive and apparel trimmings
Schiffli machine embroideries
Fabricated textile products, nee
Lumber and wood products
Logging
2411
242
2421
2426
2429
243
2431
2434
2435
2436
2439
244
2441
2448
2449
245
2451
2452
249
2491
2493
2499
25
251
2511
2512
2514
2515
2517
2519
252
2521
2522
253
2531
254
2541
2542
Sawmills and planing mills
Sawmills and planing mills, general
Hardwood dimension and flooring mills
Special product sawmills, nee
Millwork, plywood and structural members
Millwork
Wood kitchen cabinets
Hardwood veneer and plywood
Softwood veneer and plywood
Structural wood members, nee
Wood containers .
Nailed wood boxes and shook
Wood pallets and skids ,
Wood containers, nee
Wood buildings and mobile homes
Mobile homes
Prefabricated wood buildings
Miscellaneous wood products
Wood preserving
Reconstituted wood products
Wood products, nee
Furniture and fixtures
Household furniture
Wood household furniture
Upholstered household furniture
Metal household furniture
Mattresses and bedsprings
Wood television and radio cabinets
Household furniture, nee
Office furniture ...
Wood office furniture
Office furniture, except wood
Public building and related furniture
Public building and related furniture
Partitions and fixtures
Wood partitions and fixtures
Partitions and fixtures, except wood
See footnotes at end of table.
Number
of establishments
0
10
2
1
7
5
5
25
14
3
8
25
3
1
6
5
10
57
2
2
9
5
0
1
Millions of dollars
Number of
employees
0
47
P)
863
1,118
9,466
E
2,015
G
0
B
F
0
1,518
0
2
4
B
1,113
4
3
3
0
0
0
2
1
1
0
0
E
G
G
0
0
0
E
E
B
0
0
5
4
E
E
0
1
0
0
0
26
0
16
3
0
0
0
A
0
0
0
3,746
0
2,467
C
0
0
1
1
B
B
5
937
130
16
13,849
16
40
915
4,513
3,761
F
B
6,014
1
1
0
32
6
10
16
69
39
22
8
3
0
3
3
8
0
8
5
5
8
3
5
)
E
E
C
38
13
13
7
2
3
3
0
3
0
D
D
)
D
7,803
4,179
1,573
2,051
4,009
1
10
0
5
2
|DJ
)
123
67
23
34
107
2
0
33
Payroll
0
1,276
915
2391
/D\
51
14
27
154
D
)
D
)
22
P)
C
E
C
0
C
0
C
C
0
2,179
197
1,591
391
15,406
11,544
2,344
H
G
0
G
G
G
0
G
E
E
790
190
600
79
648
R)
198
268
D
D
)
D
I 79)
340
64
175
595
P)
D
802
23,168
337
337
2,194
D\
)
601
96
142
°o
484
255
o
(
)
30
0
P)
138
24
P)
P)
P)
0
0
D0
"
)
0
H0
0
0
D)
D
R
0
P)
1,076
64
115
)
D
182
475
475
612
414
139
59
185
13
130
197
551
:
! 73
D
°l
Number of
establishments
n
280
o
0
D)
D)
D\
o
0
D0
D)
616
10,257
1,496
5,471
1,092
2,198
562
434
128
462
462
835
454
381
380
380
981
82
0
D
)
96
67
131
265
340
0
0
0
74
0
42
P)
0
0
0
0
0
414
0
224
D
)
0
0
26
167
916
279
24
1,840
24
102
323
628
89
585
P)
D
i 47
233
P")
122
33,987
11,937
11,937
6,712
5,741
737
234
7,933
2,783
3,714
R
R
101
37
G
1,259
Millions of dollars
Shipments or
sales
2,812
F
C
G
F
F
U.S. affiliates as a percentage
all U.S. businesses2
All U.S. businesses
18
P)
P)
P)
0
0
R
0
49
3
39
6
257
184
36
P)
P)
o
D
)
D
)
D
)
o
D
)
)
D
)
18
5
13
D
q
323
D
)
D
)
D
)
0
P)
0
D
D)
)
0
322
36
247
39
1,266
827
246
D
D!
i
0
D
)
D
)
D
)
D0
D)
D)
)
83
16
66
7,160
1,250
944
262
1,274
685
1,558
271
311
232
893
2,217
308
1,701
208
1,084
395
689
4,104
540
240
3,324
11,636
5,614
2,949
1,150
418
839
81
177
986
649
337
491
491
2,459
1,867
592
Number of
employees ]
3800
56,100
16,500
27,900
11,700
53,300
53,300
113,900
89,000
18,300
6,500
52,500
10,300
5,100
13,800
6,900
16,400
Payroll
Shipments
or sales
55
188
1,036
299
546
7,042
1,385
4,392
1,265
9,795
9,795
10,277
7,518
2,124
192
1,039
1,039
1,850
1,453
291
106
1,109
252
100
331
112
315
1,080,600
55,200
55,200
279,800
76,700
17,200
7,400
93,300
33,100
52,200
348,500
73,400
112,700
55,200
107,300
67,600
53,700
13,800
17,200
17,200
71,700
30,900
40,800
2,200
2,200
40,800
4,800
8,700
6,400
2,100
10,500
8,300
197,600
27,100
50,500
8,800
16,700
14,100
44,200
5,900
30,500
13,904
698,400
85,800
85,800
180,100
148,300
29,700
2,200
240,000
89000
67,000
20,500
38,900
24,600
37,000
5,900
25,700
5,400
65,300
39,900
25,400
90,100
11,800
22,000
56,300
12,707
1,518
1,518
3,297
2,824
441
33
4,658
1,809
1,185
510,800
284,200
135,900
82,100
30,100
24,400
5,900
5,900
80,700
31,000
49,700
21,800
21,800
74,100
40,600
33,500
9,082
4,452
2,018
1,295
779
779
3,246
869
200
117
1,103
336
621
4,297
857
1,360
819
1,262
636
6,398
1,434
1,005
1,966
541
1,452
64,243
2,863
2,863
15,441
4,075
1,045
476
6,014
1,542
2,290
19,389
3,831
5,448
4,447
5,663
3,738
2,658
1,080
Establishments
0
1.5
1.0
.4
3.8
1.1
1.1
4.1
3.4
2.2
13.6
2.3
1.6
7.7
4.6
2.5
1.8
.2,
.6
.6
.4
.8
0
.7
.4
0
.2
.1
0
.1
.4
423
423
.2
.5
.7
0
0
0
.2
.2
.3
0
0
2,229
181
.5
4.9
101
86
34
151
98
503
333
202
628
383
3,143
15,744
1,540
4,530
0
1.5
0
0
0
.4
0
1.7
1.1
0
0
844
645
199
204
204
826
350
475
48
48
518
40.
343
714
118
271
174
994
98
430
340
889
435
483
85
328
70
1,215
741
473
1,536
208
505
824
498
448
92
101
1,790
562
1,227
397
397
1,552
861
691
663
663
3,753
1,519
2,235
572
1,066
728
Employment
0
5.0
P)
P)
P)
P)
6.9
47
8.6
8.4
D<9
1.1
P)
.7
P)
0
P)
0
P)
.4
0
lo
P)
P)
P)
o
0
D0
7,538
2,084
5,454
2,088
2,088
5,537
2,816
2,721
•
P)
.7
P)
0
P)
(D
d
P)
.7
0
(
0
i
0
(
0
(D
29
P)
P)
P)
0
0
0
i
i
0
0
0
P
P)0
0
0
0
0
0
0
R R
0
P)
0
0
0
1.9
0
4.9
P)
0
0
1.1
2.5
351
404
r
P)
2.0
1.1
37,462
18,559
7,982
5,263
2,141
2,417
i
f
2
\
\
i
1j
)
0
.1
.6
.6
2.5
.7
.9
DJ
2.5
2.7
0
.8
1.1
4.2
.5
.6
.7
.7
.7
.7
0
3.7
1.7
.8
0
2.4
1.0
1.0
.3
.2
.8
j
D)
D
.4
.1
.1
.3
0
( )
69,747
10,938
10,938
19,220
17,357
1,714
149
.22,614
9,327
4,378
2,061
4,920
1,929
2,069
6,575
4,102
2,472
8,330
2,170
2,865
3,296
15.4
12.6
6.8
3.1
325
67
4^6
7.9
9.7
P)
P)
.5
248
P)
7.6
P)
D
)
9.2
12.5
Shi
mer
or
sale
8
P)
31.9
.1
.4
1,496
0
4.6
31.6
4,565
302
2,442
.5
.5
.4
2.3
.9
.3
.1
0
.2
0
Payroll
6.1
P)
P)
P)
Q0
0
R
0
2.4
1.7
7.2
.7
3.0
4.1
1.7
D
)
D
)
0
P)
P)
D
)
0
P)
!?
1.1
.5
1.8
P)0
0
0
2.3
0
5.9
P)
0
0
P)
P)
6.0
2.2
1.6
1.6
3.1
3.1
P)
2.2
20
P)
5.3
P)
P)
P)
0
P)
0
P)
P)0
3.2
1.7
7.7
.8
2.8
4.1
1.8
P)
P)
0
P)
P)
P)
0
P)
P)
P)
1.2
.6
1.9
I
(
0
0
0
0
i
(
0
0
I
I
2
3
j
^
i
,
i
i
(
i
0
(
I
0
0
£
1
t
1
:
L
f
0
(
0
I
1
SURVEY OF CURRENT BUSINESS
62 • October 1992
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
All U.S. businesses
U.S. affiliates
Millions c f
Millions of dollars
SIC code
259
2591
2599
26
261
2611
262
2621
263
2631
265
2652
2653
2655
2656
2657
267
2671
2672
2673
2674
2675
2676
2677
2678
2679
27
271
2711
272
2721
273
2731
2732
274
2741
275
2752
2754
2759
276
2761
277
Industry
Number
of establishments
Miscellaneous furniture and fixtures
Drapery hardware and blinds and shades
Furniture and fixtures nee
Paper and allied products
Pulp mills
Pulp mills
Paper mills
Paper mills
Paperboard mills
Paperboard mills
Paperboard containers and boxes
Setup paperboard boxes . .. .
Corrugated and solid fiber boxes
Fiber cans drums and similar products
Sanitary food containers
Folding paperboard boxes
Miscellaneous converted paper products
Paper coated and laminated packaging
Paper coated and laminated nee
Bags* plastics laminated and coated
Bags: uncoated paper and multiwall
Die-cut paper and board
Sanitary paper products
Envelopes
Stationery products
Converted oaoer oroducts nee
Printing and publishing
Newspapers
Newspapers
Periodicals
Periodicals
Books
Book publishing
Book printing
Miscellaneous publishing
Miscellaneous publishing
Commercial printing
9
6
3
273
3
3
27
27
31
31
138
4
73
26
1
34
74
8
12
10
5
12
1
2
1
23
456
128
128
62
62
30
27
3
15
15
124
63
18
43
46
46
0
0
41
39
2
10
3
7
..
,
.
Commercial printing, gravure
Commercial printing nee
Manifold business forms
Manifold business forms
Greeting cards
.
.
'.
2771
278
2782
2789
279
2791
2796
28
281
2812
2813
2816
2819
282
2821
2822
2823
2824
283
2833
2834
2835
2836
284
2841
2842
2843
2844
285
2851
286
2861
2865
2869
287
2873
2874
2875
2879
289
2891
2892
2893
2895
2899
29
291
2911
295
2951
2952
299
2992
2999
Blankbooks and bookbinding
Blankbooks and looseleaf binders
Bookbinding and related work
Printing trade services
Typesetting
Platemaking services
Chemicals and allied products
Industrial inorganic chemicals .
Alkalies and chlorine
Industrial gases
Inorganic pigments
Industrial inorganic chemicals nee
Plastics materials and synthetics
Plastics materials and resins
Synthetic rubber . .
Cellulosic manmade fibers
Organic fibers noncellulosic
Drugs .
Medicinals and botanicals
Pharmaceutical preparations
Diagnostic substances
Biological products except diagnostic
Soap cleaners and toilet goods
Soap and other detergents
Polishes and sanitation goods
Surface active agents
Toilet preparations
Paints and allied products
Paints and allied products
Industrial organic chemicals
Gum and wood chemicals
Cyclic crudes and intermediates
Industrial organic chemicals nee
Agricultural chemicals
Nitrogenous fertilizers
Phosphatic fertilizers
Fertilizers mixing only
Agricultural chemicals nee
Miscellaneous chemical products
Adhesives and sealants
Explosives
Printing ink
Carbon black
Chemical preparations nee
Petroleum and coal products
Petroleum refining
Petroleum refining
Asphalt paving and roofing materials
Asphalt paving mixtures and blocks
Asphalt felts and coatings
Miscellaneous petroleum and coal products
Lubricating oils and greases
Petroleum and coal oroducts nee
See footnotes at end of table.
.
.
;
1,148
332
2
222
23
85
115
75
13
3
24
108
17
58
14
19
98
17
24
28
29
66
66
141
6
27
108
57
6
6
15
30
231
72
22
68
0
69
213
35
35
143
125
18
35
30
5
Number of
employees
865
E
E
43,261
E
10,381
10,381
I
I
14,593
E
8,187
G
A
4,929
11,388
861
3,367
1,834
704
G
A
C
E
2,695
51,761
12,300
12,300
4,467
4,467
3,924
H
G
G
G
17,898
8,413
5,627
3,858
I
I
0
0
2,970
H
B
1,114
F
C
171,759
18,088
C
3,608
H
10,099
46,826
11,215
H
H
27,433
33,382
1,694
25,430
1,928
4,330
14,100
H
G
2,873
6,133
7,825
7,825
31,038
I
23,580
8,946
E
G
E
6,762
11,554
3,456
1,129
1,782
0
5,187
18,201
14,399
14,399
2,323
G
F
1,479
1,211
268
Payroll
Shipments or
sales
15
71
R
R
R
1,240
379
379
sR
127
267
23
88
43
16
Number of
establishments
8,319
R
R
2,669
2,669
2,094
if
1,844
124
765
178
96
8
1,277
240
240
127
127
100
498
232
162
105
R
0
0
60
R
316
6,426
840
840
781
781
620
2,367
1,096
858
414
1
0
214
R
5,732
587
(D)
105
(D)
330
1,520
409
54,599
4,986
(D)
920
(D)
2,573
13,981
5,779
R
R
849
1,146
65
893
65
123
431
6,240
9,268
416
7,889
331
631
5,587
160
241
241
1,154
2448
2,579
2,579
12,616
&
10,689
3,250
313
R
254
341
102
31
51
0
157
2$
2,333
779
103
424
0
1,027
679
562
562
70
26,197
24,614
24,614
785
R
47
38
9
R
798
679
119
2,086
489
1,597
6
H
39
282
282
205
205
2,779
200
1,600
281
92
606
2,987
120
412
483
132
399
133
298
189
821
61,791
9,091
9,091
4,020
4,020
2,859
2,298
561
2,369
2,369
36,111
24,984
332
10,795
856
856
162
162
1,546
510
1,036
4,777
3,364
1,413
12,039
1,393
45
594
92
662
626
480
68
71
1,356
225
732
158
241
2,401
764
726
217
694
1,428
1,428
962
77
186
699
970
164
77
452
277
2,903
714
132
504
22
1,531
2,232
308
308
1,367
1,101
266
557
451
106
Number of
employees '
49,900
20,600
29,300
611,300
14,200
14,200
129,100
129,100
52,300
52,300
193,500
8,700
105,700
12,500
15,800
50,700
222,200
15,000
30,900
36,600
17,100
15,700
38,400
27,600
11,200
29,600
1,494,000
434,400
434,400
110,000
110,000
113,600
70,100
43,500
69,500
69,500
553,400
403,900
23,800
125,800
53,300
53,300
21,500
21,500
68,800
39,100
29,700
69,400
37,600
31,800
814,000
93,600
5,000
8,100
8,300
72,200
122,500
56,300
10,400
10,500
45,400
171,900
11,600
131,600
15,400
13,300
119,200
31,700
20,600
9,100
57,900
55,200
55,200
125,700
2,600
22,800
100,300
40,300
7,400
9,400
7,500
16,100
85,400
20,900
13,800
11,100
1,800
37,900
115,900
74,600
74,600
28,100
14,600
13,500
13,100
11,200
1.900
Payroll
892
342
550
16,860
535
535
4,597
4,597
1,859
1,859
4,618
131
2,609
281
341
1,256
5,251
406
839
784
348
308
1,155
613
206
593
33,440
9,022
9,022
2,983
2,983
2,821
1,860
961
1,513
1,513
12,301
9,154
669
2,479
1,281
1,281
471
471
1,265
768
497
1,784
809
974
25,016
3,099
165
241
267
2,425
4,013
2,006
395
281
1,332
5,304
377
4,168
437
322
3,099
956
500
290
1,353
1,492
1,492
4,541
57
787
3,697
1,171
223
285
145
518
2,298
553
349
311
65
1,021
3,996
2,845
2,845
786
431
355
365
312
54
U.S. affiliates as a percentage
o
all U.S. businesses2
HnllarQ
Shipments
or sales
3,740
1,780
1,960
108,989
4.314
4,314
28,918
28,918
13,730
13,730
25,863
437
16,104
1,534
2,083
5,705
36,165
2,416
5,892
4,577
2,448
1,749
11,698
2,598
1,216
3,570
136,196
31,850
31,850
17,329
17,329
15,876
12,620
3,256
7,810
7,810
44,786
32,832
3,060
8,894
7,397
7,397
2,911
2,911
4,080
2,904
1,176
4,157
1,784
2,373
229,546
19,774
1,548
2,618
2,388
13,220
40,851
26,246
3,283
1,320
10,003
39,263
3,350
32,094
2,205
1,614
34,748
11,559
5,594
3,002
14,593
12,702
12,702
51,158
487
8,859
41,812
14,267
2,447
3,819
1,701
6,300
16,782
4,678
1,118
2,392
570
8,025
130,414
118,186
118,186
7,749
4,346
3,403
4,479
3,766
713
Establishments
.4
1.2
.2
4.3
7.7
7.7
9.6
9.6
15.1
15.1
5.0
2.0
4.6
9.3
1.1
5.6
2.5
6.7
2.9
2.1
3.8
3.0
.8
.7
.5
2.8
.7
1.4
1.4
1.5
1.5
1.0
1.2
.5
.6
.6
.3
.3
5.4
.4
5.4
5.4
0
0
2.7
7.6
.2
.2
.1
.5
9.5
23.8
4.4
37.4
25.0
12.8
18.4
15.6
19.1
42.9
33.8
8.0
7.6
7.9
8.9
7.9
4.1
2.2
3.3
12.9
4.2
4.6
4.6
14.7
7.8
14.5
15.5
5.9
3.7
7.8
3.3
10.8
8.0
10.1
16.7
13.5
0
4.5
9.5
11.4
11.4
10.5
11.4
6.8
6.3
6.7
4.7
Employment
Payroll
1.7
1.7
(D)
(D)
7.4
(D)
(D)
8.2
8.2
(D)
R
7.1
R
8.0
8.0
37.5 \
D
), (Dlo
(D)
(10.1)
R
9.7
5.1
5.7
10.9
5.0
4.1
D
)
o}
r
5.1
5.7
10.4
5.4
4.5
R
P
9.9
3.5
2.8
2.8
4.1
4.1
3.5
(D)
3.8
2.7
2.7
4.3
4.3
3.5
R( ) RR
D
3.2
2.1
23.6
3.1
f?
0
4.3
D
)
D
)
1.6
4.1
2.5
24.2
4.2
D
°
0
0
4.7
D
)
D
)
1.4
R
1
21.1
19.3
22.9
18.9
(D)
(D)
(D)
(D
44.5
14.0
38.2
19.9
R
60.4
19.4
14.6
19.3
12.5
32.6
11.8
R
43.6
13.6
37.9
20.4
D
)
D
)
24.3
26.7
8.8
16.3
0
15.4
15.7
19.3
19.3
17.0
19.7
19.7
11.3
10.8
14.1
11
5
5
13
3
3
j
8
4
2
2
4
4
3
(
I
3
28
4
i
0
0
5
(
1
(
23
25
35
1S
34
22
I
•\i
2C
2C
24
J22
°
49.0
14.8
18.5
0
8.3
(
8
D
D
13.7
R
8
j
R
16.1
9
i
(D)
n
i,
§
8.2
I
62
2C
12
2^
15
3£
1£
33.7
11.8
16.2
16.2
25.4
42.0
13.5
16.5
1
!
63.7
21.6
17.3
21.4
14.8
38.3
13.9
31.6
10.6
14.2
14.2
24.7
22.2
Ship
ment
or
sale
8.9
h
(D)
12.9
12.3
16.3
41
1:
K
i
r
0
12
2(
2(
2(
1
1
M
1
October 1992
SURVEY OF CURRENT BUSINESS
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
U.S. affiliates
Industry
SIC code
30
301
3011
302
3021
305
3052
3053
306
3061
3069
308
3081
3082
3083
3084
3085
3086
3087
3086
3089
31
311
3111
313
3131
314
3142
3143
3144
3149
315
3151
316
3161
317
3171
3172
319
3199
32
321
3211
322
3221
3229
323
3231
324
3241
325
3251
3253
3255
3259
326
3261
3262
3263
3264
3269
327
3271
3272
3273
3274
3275
328
3281
329
3291
3292
3295
3296
3297
3299
33
331
3312
3313
3315
3316
3317
332
3321
3322
3324
3325
333
3331
3334
3339
334
3341
335
3351
3353
3354
Rubber and miscellaneous plastics products
Tires and inner tubes ....
Tires and inner tubes
Rubber and plastics footwear
Rubber and plastics footwear
Hose and belting and gaskets and packing
Rubber and plastics hose and belting
Gaskets, packing and sealing devices
Fabricated rubber products, nee
Mechanical rubber goods
Fabricated rubber products, nee
Miscellaneous plastics products, nee
Unsupported plastics film and sheet
Unsupported plastics profile shapes
Laminated plastics plate and sheet
Plastics pipe
Plastics bottles
Plastics foam products
Custom compound purchased resins
Plastics plumbing fixtures
Plastics products, nee
Leather and leather products
Leather tanning and finishing
Leather tanning and finishing
Footwear cut stock
Footwear cut stock ....
Footwear, except rubber
House slippers
Men's footwear, except athletic
Women's footwear, except athletic
Footwear, except rubber, nee
Leather gloves and mittens
Leather gloves and mittens
Luggage
Luggage
Handbags and personal leather goods
Women's handbags and purses
Personal leather goods, nee
Leather goods, nee
Leather goods, nee ...
Stone, clay, and glass products
Flat glass
Flat glass
Glass and glassware, pressed or blown
Glass containers
'
Pressed and blown glass, nee
Products of purchased glass
Products of purchased glass
Cement, hydraulic
Cement, hydraulic
Structural clay products .
Brick and structural clay tile
Ceramic wall and floor tile
Clay refractories
Structural clay products, nee
Pottery and related products
Vitreous plumbing fixtures
Vitreous china table and kitchenware
Semivitreous table and kitchenware
Porcelain electrical supplies
Pottery products, nee
Concrete, gypsum, and plaster products
Concrete block and brick
Concrete products, nee
Ready-mixed concrete
Ljme
Gypsum products
Cut stone and stone products
Cut stone and stone products
Miscellaneous nonmetallic mineral products
Abrasive products
Asbestos products
Minerals, ground or treated
Mineral wool
Nonclay refractories ...
Nonmetallic mineral products, nee
Primary metal industries .
Blast furnace and basic steel products
Blast furnaces and steel mills
Electrometallurgies! products
Steel wire and related products
Cold finishing of steel shapes ..
Steel pipe and tubes
Iron and steel foundries
Gray and ductile iron foundries
Malleable iron foundries
Steel investment foundries
Steel foundries, nee
Primary nonferrous metals
Primary copper
Primary aluminum
Primary nonferrous metals, nee
Secondary nonferrous metals
Secondary nonferrous metals
Nonferrous rolling and drawing
Copper rolling and drawing
Aluminum sheet, plate, and foil
Aluminum extruded oroducts
See footnotes at end of table.
Number
of establishments
Number of
employees
417
12
12
5
5
64,220
13,899
13,899
38
22
I
4,783
16
64
8
56
297
35
16
6
23
5
29
25
2
156
53
8
8
4
4
32
1
16
10
5
1
1
4
G
G
G
7,281
928
6,353
35,917
6,998
2,303
782
1,926
E
3,556
1,549
E
18,004
J
G
G
E
E
7,883
F
H
G
F
B
B
191
Millions of dollars
Shipments or
sales
Payroll
1,551
414
414
D
)
D
)
8,319
1,982
1,982
(D)
(D)
D
)
109
D
( )
172
18
154
810
211
54
16
44
(D)
68
37
(D)
369
D
( )
(D)
(D)
(DD)
( )
101
(DD)
( )
(D)
(D)
(D)
(D)
2
2
426
(D)
868
94
774
4,844
1,416
273
100
483
(D)
393
284
(D)
1,804
D
( )
(D)
(D)
(D)
n
402
(D)
(D)
(D)
(D)
(D)
\ i
8
8
Number of
establishments
14,589
163
163
65
65
684
188
496
1,633
624
1,009
12,044
594
581
234
251
286
946
405
176
8,571
2,198
344
344
127
127
483
37
154
163
129
77
77
241
4
3
191
F
2
1
1
1
F
B
B
B
(D)
(D)
(D)
(D)
(DD)
( )
(D)
(D)
321
209
396
396
849
4
4
25
14
11
30
30
86
86
67
53
5
7
2
14
3
2
0
7
2
556
41
138
357
12
8
2
2
65
13
5
.11
12
18
6
64,525
1,681
9,275
16,191
H
H
D
311
97
26
10
34
9
18
22
12
0
78,119
35,922
23,436
2,244
5,396
2,540
2,306
9,956
5
5
I
E
5,693
G
F
3,879
29
3
4
22
15
15
96
5
10
11
( )
n
6,930
195
I
G
H
H
(D)
(D)
(D)
11,681
11,681
7,125
5,022
374
374
134
94
(D)
19
D
)
62
D
)
D
)
0
29
(D)
481
31
198
210
(D)
H
(D)
(D)
234
41
(D)
30
F
809
E
2,738
F
F
0
1,203
C
20,071
1,411
8,556
8,690
F
F
C
C
8,542
1,665
C
1,192
H
1,864
C
H
0
998
998
21,938
G
5,379
2.025
U.S. affiliates as a percentage o
all U.S. businesses2
All U.S. businesses
Millions of dollars
/D\
/D\
54
(D)
2,292
1,164
822
65
125
85
68
250
D
)
o
JDJ
153
a
103
27
27
600
189
46
734
(D)
(D)
(D)
(D)
2,896
2,896
526
374
(D)
87
(D)
177
/D\
/D\
o
75
(D)
2,745
241
530
84
84
522
106
416
1,429
1,429
213
213
600
266
114
153
67
1,013
65
34
44
116
754
1,348
9,835
1,128
3,154
5,319
(D)
(D)
(D)
82
152
746
746
179
882
1,280
1,749
236
(D)
182
(D)
206
(D)
405
54
381
231
135
543
17,834
7,664
5,124
6,661
1,127
406
763
779
592
905
(D)
o
342
30
343
191
221
1,231
774
28
a
135
294
2,840
170
8
13
49
1,968
585
585
108
398
398
2,396
1,069
121
56
277
204
5,320
Number of
employees1
Payroll
Shipments
or sales
831,400
65,400
65,400
10,900
10,900
51,600
23,200
28,400
104,100
49,800
54,300
599,400
48,400
25,200
17,300
12,500
25,100
61,300
17,300
7,500
384,900
17,581
2,070
2,070
7,288
33,795
129,000
14,600
14,600
5,000
5,000
71,100
3,700
31,600
26,600
9,200
3,100
3,100
11,400
11,400
16,700
9,500
7,200
7,100
7,100
1,831
9,082
2,219
2,219
86,634
10,427
10,427
153
153
557
557
1,159
531
4,648
2,268
2,379
9,227
3,963
5,264
61,775
8,140
2,281
2,144
2,456
2,835
6,913
2,503
627
2,245
1,092
1,153
11,955
1,256
512
413
263
502
1,184
398
138
292
292
70
70
913
50
434
320
109
34
34
196
709
324
324
4,073
233
2,105
1,316
Establishments
2.9
7.4
7.4
7.7
7.7
3.2
3.9
1.3
5.6
2.5
5.9
2.8
2.6
9.2
1.7
3.1
6.2
1.1
1.8
2.4
2.3
2.3
3.2
3.2
6.6
2.7
10.4
419
185
185
929
196
232
929
942
1.7
.6
131
101
95
95
549
393
411
411
523,700
14,600
14,600
77,400
41,100
36,300
51,100
51,100
19,100
19,100
34,600
16,600
9,500
6,400
2,100
38,100
9,700
5,400
1,800
10,700
10,500
203,200
18,600
70,000
96,800
5700
12,100
12,500
12,500
73,000
23,400
4,000
8,800
21,500
7,700
7,600
12,349
61,477
2,549
2,549
8,339
4,778
3,561
5,429
5,429
4,335
4,335
2,915
1,254
.6
.5
.3
.3
5.2
4.8
4.8
4.8
701,100
252,800
188,100
3,900
24,700
16,400
19,600
129,800
82,400
4,200
20,300
22,900
31,700
3,300
17,300
11,000
12,500
12,500
163,000
22,600
26,100
30,700
19,777
8,166
6,422
1,959
1,065
894
1,060
1,060
599
599
689
312
183
150
45
762
217
105
26
248
167
4,632
412
1,467
2,287
142
324
243
243
1,898
624
99
218
619
203
135
113
592
524
515
717
788
155
2,416
791
298
93
714
520
24,427
2,246
5828
12,966
716
2,671
841
841
10,226
3,621
387
1,406
3,260
955
597
120,248
51,815
38,569
844
3,426
2,290
3330
5,216
3,856
10,628
7,213
121
283
471
544
1,451
1,680
10,869
2,557
5,006
3,307
4,431
4,431
33,282
5,134
9,497
4,293
996
98
569
329
312
312
4,298
589
912
741
7.7
21.3
21.3
(D)
D
( )
Payroll
8.8
Ship
men
or
sale
g
20.0
20.0
(D)
D
19
19
(
(
20.6
18
(
9
2
14
7
17
12
4
19
(
5
11
(
5
/
( )
5.6
11.7
6.1
3.9
1.3
1.3
1.7
507
507
Employment
13.2
2.6
2.1
2.1
40.4
40.4
11.2
19.9
4.4
4.6
3.0
1.4
4.6
5.9
0
6.0
.3
5.7
3.6
4.4
6.7
20.6
D
( )
7.0
1.9
11.7
6.0
14.5
9.1
4.5
(D)
7.7
1.7
13.4
6.8
16.8
10.5
3.9
15.4
D
16.6
D
D
D
)
5.8
9.0
(D)
4.7
)
D}
D
)
)
D
11.1
(D)
(D)
(D)
(D)
(D)
D
( )
1.7
1.7
(D)
(D)
(D)
( )
)
5.7
9.2
D
)
5.1
)
)
)
D
)
D
)
D
D
11.1
(D)
(D)
(D)
(D)
(D)
(D)
1.0
1.0
(D)
(D)
(D)
(D)
12.3
13.6
•
9.0
D
( )
(D)
(D)
(D)
H
61.2
61.2
62.6
62.6
19.5
30.3
20.6
30.3
(D)
12.6
D
( )
7.2
H
D
)
0
11.2
D
( )
9.9
7.6
12.2
9.0
13.3
1.1
4.7
8.6
7.6
33.3
99
4.7
8.1
1.8
1.6
0
3.7
1.7
17.1
23.1
8.2
20.4
3.8
3.8
9.0
4.1
17.9
5.4
(D)
(D)
(D)
11.7
7.1
(n)
13.5
10.0
(D)
(D)
/D\
(P)
12.5
(D)
8.1
/D\
|D\
0
11.7
D
( )
10.4
7.4
13.5
9.2
D
)
)
)
123
6.6
(D)
D
D
13.8
(D)
(D)
24.2
26.6
D
n
11.1
( )
14.2
12.5
57.5
11.6
14.3
12.8
57.4
21.8
212
15.5
11.8
16.3
13.1
7.7
(D)
7.3
(D)
a
8
8
(D)
H
o
18.0
(
(
(
(
(
(
(
(
15
(D)
14.6
5.3
.3
.3
3.7
3.2
9.3
2.9
5.2
(
o
15.3
8
(
(
(
66
66
18
29
(
11
(
7
(
(
0
10
(
11
8
15
10
(
(/
(
12
6
(
12
(
21
(
14
14
13
46
22
14
15
6
(
0
(
26
I
13.5
14.0
59
13
13
16
B.
6.6
207
62
J6
35.3
8.0
8.0
31.4
8.6
8.6
SURVEY OF CURRENT BUSINESS
64 • October 1992
Table 1.-Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987-Continued
U.S. affiliates
SIC code
3355
3356
3357
336
3363
3364
3365
3366
3369
339
3398
3399
34
341
3411
3412
342
3421
3423
3425
3429
343
3431
3432
3433
344
Industry
Number
of estab- Number of
lishments employees
Aluminum rolling and drawing, nee
Nonferrous rolling and drawing nee
Nonferrous wiredrawing and insulating .
Nonferrous foundries (castings)
Aluminum die-castings
Nonferrous die-casting except aluminum
Aluminum foundries
..
Copper foundries
Nonferrous foundries nee
Miscellaneous primary metal products
Metal heat treating
Primary metal products nee
Fabricated metal products
Metal cans and shipping containers
Metal cans
Metal barrels drums and pails
Cutlery, handtools, and hardware
Cutlery
Hand and edge tools nee
.
Saw blades and handsaws
Hardware, nee
Plumbing and heating, except electric
Metal sanitary ware
Plumbing fixture fittings and trim
Heating equipment, except electric
Fabricated structural metal products
0
25
45
28
7
8
4
7
2
24
3
21
.
3441
3442
3443
3444
3446
3448
3449
345
3451
3452
346
3462
3463
3465
3466
3469
347
3471
3479
348
3482
3483
3484
3489
349
3491
3492
3493
3494
3495
3496
3497
3498
3499
35
351
3511
3519
352
3523
3524
353
3531
3532
3533
3534
3535
3536
3537
354
3541
3542
3543
3544
3545
3546
3547
3548
3549
355
3552
3553
3554
3555
3556
3559
356
3561
3562
3563
3564
3565
Metal doors, sash, and trim
Fabricated plate work (boiler shops)
Sheet metal work
Architectural metal work
Prefabricated metal buildings
Miscellaneous metal work
Screw machine products, bolts, etc
Screw machine products
Bolts nuts rivets, and washers
Metal forgings and stampings
Iron and steel forgings
Nonferrous forgings
Automotive stampings .
Crowns and closures
Metal stampings nee
Metal services, nee
Plating and polishing
Metal coating and allied services
Ordnance and accessories nee
Small arms ammunition
.
Ammunition, except for small arms, nee
Small arms
Ordnance and accessories nee
Miscellaneous fabricated metal products
Industrial valves
..
Fluid power valves and hose fittings
Steel springs, except wire
Valves and pipe fittings, nee
Miscellaneous fabricated wire products
Metal foil and leaf
Fabricated pipe and fittings
Fabricated metal products nee
Industrial machinery and equipment
Engines and turbines
Turbines and turbine generator sets
Internal combustion engines, nee
Farm and garden machinery
Farm machinery and equipment
Construction and related machinery
Construction machinery
Mining machinery
Oil and gas field machinery
Elevators and moving stairways
Conveyors and conveying equipment
Hoists cranes and monorails
Industrial trucks and tractors
Metalworking machinery
Machine tools, metal cutting types
Machine tools metal forming types
Industrial patterns
Special dies tools jigs and fixtures
Machine tool accessories
Power-driven handtools
Rolling mill machinery
Welding apparatus
Metalworking machinery nee
Special industry machinery
Textile machinery
Woodworking machinery
Paper industries machinery
Printing trades machinery
Food products machinery
Special industry machinery nee
General industrial machinery
Pumos and oumoina eauioment
Ball and roller bearings
Air and gas compressors
Packaaina machinery
See footnotes at end of table.
i
....
401
11
4
7
36
5
4
3
24
10
1
2
7
113
13
15
27
33
4
11
10
7
3
4
57
5
4
18
4
26
42
16
26
12
2
4
4
2
113
21
8
3
8
4
19
7
22
21
675
16
3
12
15
8
7
102
38
14
19
3
14
6
8
103
15
10
2
14
32
5
2
15
8
120
14
4
21
10
19
52
152
22
33
7
20
13
0
4,817
8,428
1,671
E
418
299
476
C
1,941
281
1,660
61,434
1,009
C
F
8,473
810
G
C
6,396
837
A
C
F
17,835
2,029
3,485
7,037
2,365
E
G
927
720
E
E
11,627
832
F
6,152
F
2,877
2,427
1,235
1,192
6,680
H
G
E
11,826
3,073
1,272
C
1,226
F
1,119
672
969
2,792
115,976
5,243
F
H
3,927
1,029
2,898
12,828
5,247
1,065
2,653
F
1,902
E
907
12,328
1,890
995
1,443
3,152
1,634
B
1,472
1,205
19,607
1,273
137
4,553
5,032
3,692
4,920
21,381
3,108
9,147
1,391
1,738
1.715
All U.S. businesses
Millions of dollars
Payroll
Shipments or
sales
0
142
189
42
(D)
11
7
12
0
938
1,482
164
S
'.
325
39
49
39
317
1,607
27
7,305
162
15
19
a
440
43
64
196
58
2,280
218
339
711
508
18
67
23
(D)
214
75
81
*105
A
fi259
54
26
28
177
*
107
152
698
316
81
32
1,464
355
101
D
D
23
19
22
86
148
191
96
366
g( ) s( )
14
8
1S
8
550
%
136
413
1,803
841
126
374
(D)
254
346
55
28
1,410
295
97
'•$
71
23
48
362
144
28
79
g
987
41
(D)
39
44
600
30
3
147
169
96
156
547
78
225
36
43
46
0
306
321
(D)
156
96
2,223
154
12
655
466
379
557
2,261
312
807
240
204
149
Number of
establishments
U.S. affiliates as a percentage
of
all U.S. businesses2
Millions of dollars
Number of
employees *
Payroll
Shipments
or sales
29
172
487
1,689
412
304
583
334
56
977
725
252
900
17,900
64,900
79,500
28,100
12,900
26,300
8,200
4,000
31,800
18,000
13,800
24
528
1,504
1,805
697
260
572
175
101
775
422
353
482
3,049
10,827
6,315
2,469
1,010
1,872
625
340
2,907
1,397
1,510
36,092
537
369
168
2328
141
810
138
1,239
833
97
180
556
12,583
2,453
1,592
1,740
4,296
1,345
560
597
2,572
1,635
937
4,070
406
79
713
57
2,815
5,265
3,451
1,814
376
79
87
151
59
7,528
384
386
151
416
407
1,157
117
728
3,782
52,091
359
81
278
1,799
1,634
165
3,473
954
321
633
176
747
175
467
11,446
417
207
813
7,317
1,881
199
86
225
301
4,557
506
292
278
438
512
2,531
3,952
405
169
259
507
439
1,458,000
48,200
39,400
8,700
145,200
10,500
41,900
7,700
85,200
45,500
8,000
17,100
20,500
407,200
80,900
74,700
74,700
100,200
28,000
25,800
22,900
94,700
42,700
52,000
255,300
26,600
7,300
119,800
6,100
95,500
112,600
71,100
41,500
87,600
9,000
41,500
13,300
23,900
261,700
45,900
27,900
5,000
25,100
19,700
35,100
10,400
20,000
72,500
35,000
1,527
1,325
202
3,389
241
922
177
2,049
1,005
193
356
456
9,042
1,880
1,414
1,842
2,237
573
559
538
2,270
945
1,325
7,235
747
218
3,977
162
2,132
2,167
1,336
832
2,458
244
1,073
337
805
5,906
1,194
686
122
570
407
674
304
423
1,526
50,553
2!906
863
2,043
1,917
1,416
501
5,272
2,428
355
719
262
857
175
476
7,301
922
414
238
3,164
1,187
383
121
542
332
4,588
352
205
502
752
491
2,286
6,203
970
950
652
549
632
147,366
12,114
11,014
1,100
13,481
1,054
3,606
675
8,146
5,283
803
2,355
2,124
40,416
8,678
6,591
6,810
9,699
2,269
3,138
3,231
7,890
2,806
5,084
28,410
3,004
1,004
15,252
820
8,331
7,790
3,867
3,923
7,644
889
3,983
1,093
1,678
24,340
4,591
2,452
459
2,377
1,580
2,721
2,287
1,726
6,149
217,670
14,570
3,448
11,123
11,474
6,880
4,594
24,622
12,768
1,518
2,728
1,084
3,408
675
2,440
22,004
3,190
1,396
499
7,550
3,601
2,162
468
2,105
1,033
17,096
1,241
884
1,867
2,858
1,971
8,275
24,121
3,998
3,724
3,051
2,272
2,190
1,844,400
86,900
22,900
64,000
82,000
57,000
24,900
188,300
81,100
13,600
24,800
10,200
31,500
7,000
20,100
267,700
31,700
13,800
8,600
114,400
48,500
16,800
3,900
18,700
11,300
169,100
15,600
8,900
17,100
25,000
19,200
83,300
240,400
35,200
36,900
23,800
24,800
22,600
Establishments
Employment
Payroll
0
0
0
14.5
26.9
13.0
26.9
12.6
9.2
1.7
1.7
2.6
.7
2.1
3.6
2.5
.4
8.3
1.1
2.0
1.1
4.2
1.5
3.5
.5
2.2
1.9
1.2
1.0
1.1
1.3
.9
.5
.9
1.6
.8
.3
2.0
1.7
.3
.2
.4
1.4
1.2
5.1
2.5
7.0
.9
.8
.5
1.4
3.2
2.5
4.6
2.6
3.4
1.5
5.5
2.1
2.0
1.9
1.0
1.6
6.0
3.0
.6
1.3
4.5
3.7
4.3
.8
.5
4.2
2.9
4.0
4.4
3.0
1.7
1.9
3.4
1.7
.9
3.6
4.8
.2
.2
1.7
2.5
2.3
6.7
2.7
2.6
2.8
1.4
7.6
2.3
3.7
2.1
3.8
5.4
19.5
2.7
3.9
3.0
Shipments
or
sales
2.3
2.1
(
\ <1
1.2
1.1
5.8
1,
2.6
8
1.3
6.8
6.3
),
£
2.8
(D
1.7
1.6
12.0
0
30.8
13.7
13.9
21.0
4.2
2.1
4.6
1.7
5.0
1.3
7.7
6.1
6.4
?!i
1a
a a
a
l'.8
7.7
1.9
( )
D
4.4
2.5
4.7
9.4
2.4
4.9
2.3
4.5
10.6
4.6
3.1
(D)
5.1
(D)
3.0
2.2
1.7
2.9
7.6
a
a
4.5
6.7
4.6
D
( )
4.9
(D)
3.2
6.5
4.8
3.9
6.3
6.0
52
5.4
.8
'.8
3.1
3.5
<1<
'la
2.5
1.9
3.4
7.2
6.8
4.7
1.8
6.8
6.5
7.8
10.7
(D)
6.0
(°)
4.5
4.6
6.0
7.2
(D)
1.3
6.5
9.7
(D)
7.9
10.7
11.6
8.3
5.5
6.0
a
6.3
5.7
6.6
37
3.7
1.6
9.5
6.9
5.9
7.8
2^0
9.0
7.3
6.6
8.3
11.0
(D
).2
(D)
5.0
4.7
6.0
6.8
(D)
1.5
7.3
10.8
H
7.2
13.2
13.1
26.6
20.1
19.2
29.4
22.4
19.5
5.8
7.0
7.6
7.7
4.1
6.3
5.2
5.6
8.5
1.6
24.8
5
Q
(D3.5
)
8.2
1.5
5.9
8.9
8.8
n
5.4
(D)
3.9
3.3
2.8
3.9
9.1
ls
(
1a
11.6
10.4
2.6
a a
8 1
4.0
.8
7.4
1.5
(D)
(D)
(D)
5.6
2.5
5.1
6.8
8.8
8.1
23.7
5.6
7.9
7.3
13.7
%
(D)
5.1
6.4
9.3
6.9
(D)
1.3
8.5
14.8
(D)
7.4
9.3
13.0
12.4
1.3
35.1
16.3
19.2
6.7
9.4
7.8
21.7
7.9
9.0
6.8
October 1992 •
SURVEY OF CURRENT BUSINESS
65
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
U.S. affiliates
Industry
SIC code
3566
3567
3568
3569
357
3571
3572
3575
3577
3578
3579
358
3581
3582
3585
3586
3589
359
3592
3593
3594
3596
3599
36
361
3612
3613
362
3621
3624
3625
3629
363
3631
3632
3633
3634
3635
3639
364
3641
3643
3644
3645
3646
3647
3648
365
3651
3652
366
3661
3663
3669
367
3671
3672
3674
3675
3676
3677
3678
3679
369
3691
3692
3694
3695
3699
37
371
3711
3713
3714
3715
3716
372
Number
of establishments
Speed changers, drives, and gears
Industrial furnaces and ovens
Power transmission equipment, nee
General industrial machinery nee
Computer and office equipment
Electronic computers
Computer storage devices
Computer peripheral equipment, nee
Calculating and accounting equipment
Office machines nee
Refrigeration and service machinery
Automatic vending machines
Commercial laundry equipment
Refrigeration and heating equipment
Measuring and dispensing pumps
Service industry machinery, nee
Industrial machinery nee
Carburetors, pistons, rings, valves
Fluid power cylinders and actuators
Fluid power pumps and motors
Scales and balances except laboratory
Industrial machinery nee
. . .
Electronic and other electric equipment .
Electric distribution equipment
Transformers, except electronic
Switchgear and switchboard apparatus
Electrical industrial apparatus .
Motors and generators
Carbon and graphite products
Relays and industrial controls
Electrical industrial apparatus nee
Household appliances
Household cooking equipment
Household refrigerators and freezers
Household laundry equipment
Electric housewares and fans
Household vacuum cleaners
Household appliances nee
Bectric lighting and wiring equipment
Electric lamps
Current-carrying wiring devices
Noncurrent-carrying wiring devices
Residential lighting fixtures ....
. .
Commercial lighting fixtures
Vehicular lighting equipment
Lighting equipment nee
Household audio and video equipment
Household audio and video equipment
Prerecorded records and tapes
Communications equipment
Telephone and telegraph apparatus
Radio and television communications equipment
Communications equipment nee
Electronic components and accessories
Electron tubes
Printed circuit boards
Semiconductors and related devices
Electronic resistors
Electronic coils and transformers .
.
. . . .
. .
Electronic connectors
Electronic components, nee
Miscellaneous electrical equipment and supplies
Storage batteries
Primary batteries dry and wet
Engine electrical equipment
Magnetic and optical recording media
Electrical equipment and supplies, nee
Transportation equipment
Motor vehicles and equipment ...
Motor vehicles and car bodies
Truck and bus bodies
Motor vehicle parts and accessories
Truck trailers
.
. .
Motor homes .
Aircraft and parts
. . .
3721
Aircraft engines and engine parts
Aircraft parts and equipment, nee
Ship and boat building and repairing
Ship building and repairing
3731
Boat buildina and reoairina
3732
374
Railroad equipment
Railroad equipment
3743
Motorcycles bicycles and parts
375
Motorcycles bicycles and parts
3751
Guided missiles, space vehicles, parts
376
Guided missiles and space vehicles
3761
Space propulsion units and parts
3764
Space vehicle equipment nee
3769
Miscellaneous transportation equipment
379
Travel trailers and campers
3792
Tanks and tank components
3795
Transportation equipment nee
3799
Instruments and related products
38
Search and navigation equipment
381
Search and navigation equipment
3812
See foot notes at end of table.
3724
3728
373
.
. ..
Number of
employees
U.S. affiliates as a percentage <
all U.S. businesses2
All U.S. businesses
Millions of dollars
Millions of dollars
Shipments or
sales
Payroll
10
16
12
19
56
26
2
4
16
0
8
58
1
1
33
8
15
53
8
5
5
5
30
760
1,190
901
1,431
23,064
12,636
E
G
4,584
0
4,072
11,201
C
B
8,966
G
942
6,397
2,436
700
660
930
1,671
19
35
24
39
682
421
164
56
22
18
22
47
555
203
88
76
45
144
562
43
14
29
73
24
14
29
6
23
5
4
4
5
2
3
67
9
9
3
11
15
4
16
24
18
6
89
40
28
21
182
12
9
53
9
19
4
16
60
61
15
5
4
7
30
170,320
11,080
4,250
6,830
16,966
8,873
2,751
4,481
861
13,642
H
H
G
G
E
E
14,507
H
2,179
C
H
H
E
1,624
14,929
12,270
2,659
36,112
28,189
5,041
2,882
50,093
3,669
1,505
25,452
2,927
3,835
1,043
3,842
7,820
12,991
2,446
1,701
390
3,955
4,499
4,028
240
92
148
415
210
81
100
24
288
21,438
1,318
522
795
1,640
736
384
398
122
1,713
37
298
250
49
924
719
130
75
1,240
84
34
720
51
63
24
92
173
298
49
28
6
94
122
(D)
211
4,137
3,519
617
4,989
4,013
672
304
4,632
431
96
2,812
205
177
64
314
532
1,571
255
71
26
904
316
163
97
19
8
67
2
0
41
2
15
24
10
4
6
7
7
2
2
4
0
1
3
2
0
1
1
55,783
40,456
22,764
G
15,596
F
0
11,135
G
G
7,850
G
E
G
505
505
E
E
E
0
C
E
F
0
E
E
1,568
1,141
712
14,679
12,890
9,641
320
40
40
72,839
15,243
15,243
S
0
93
255
R
196
S
1
97
174
80
199
3,439
2,492
R
439
0
381
1,504
1,177
$
1
'n
141
D
( )
S «8
n
T
319
20
0
1,291
40
°i
D
0
)
0
R
R
1,980
431
431
7,761
1,266
1,266
Number of
establishments
Number of
employees '
Payroll
Shipments
or sales
Establishments
276
370
308
1,219
2,052
974
106
121
549
98
204
2,105
98
81
894
83
949
22,348
155
362
150
134
21,547
17,900
16,600
22,000
40,600
327,700
151,900
43,300
15,000
76,200
12,800
28,500
190,400
7,900
4,600
133,300
9,400
35,200
291,900
21,700
20,200
14,800
6,700
228,500
474
401
563
1,014
10,668
4,953
1,443
442
2625
381
825
4,752
186
107
3,356
249
855
6,946
648
602
429
146
5,121
1,569
1,435
2,041
3,840
60,627
33,627
6,395
1,799
14,022
1,487
3,297
23,235
715
456
17,035
1,069
3,960
19,921
2,287
1,897
1,404
633
; 13,700
3.6
4.3
3.9
1.6
2.7
2.7
1.9
3.3
2.9
0
3.9
2.8
1.0
1.2
3.7
9.6
1.6
.2
5.2
1.4
3.3
3.7
.1
15,922
760
286
474
2,206
462
95
1,168
481
481
78
49
18
230
31
75
1,951
127
430
209
580
271
72
262
854
378
476
1,506
469
655
382
5,836
121
1,009
853
148
118
416
271
2,900
2,328
190
72
487
200
1,379
1,564,700
77,000
32,200
44,800
165,500
74,600
9,800
66,600
14,500
116,800
21,900
25,700
16,700
25,100
11,300
16,000
166,600
22,200
47,900
21,500
22,500
22,700
15,500
14,400
44,200
30,900
13,300
260,200
112,300
126,000
21,900
546,400
28,400
66,600
184,600
21,700
15,700
23,900
42,800
162,600
188,000
24,200
10,700
67,300
25,600
60,300
38,738
1,791
720
1,071
3,882
1,664
263
1,631
325
2,642
476
651
466
433
247
370
3,732
527
964
550
399
478
509
304
850
584
266
7,537
3,228
3,776
533
13,623
792
1,379
5,495
393
293
396
985
3,890
4,682
626
232
1,719
639
1,466
171,286
8,197
3,290
4,907
15,266
6,753
1,225
6,101
1,188
16,498
3,396
3,519
3,035
2,826
! 1,324
; 2,398
i 18,004
! 3,097
, 3,848
2,903
1,773
i 2,740
1,970
1,674
7,833
5,911
1,922
! 34,001
: 17,583
t 14,229
2,190
50,258
2,735
4,673
19,795
1,440
883
1,228
4,065
15,439
21,230
3,303
1,878
7,489
3,504
5,056
3.5
5.7
4.9
6.1
3.3
5.2
10,505
4,438
413
716
2,807
337
165
1,622
155
453
1,014
2,766
590
2,176
174
174
246
246
141
40
35
66
1,118
427
56
635
1,817,400
751,400
281,300
37,800
389,600
27,500
15,100
596,000
268,200
139,600
188,200
177,400
120,200
57,200
22,100
22,100
7,400
7,400
213,700
166,700
31,800
15,100
49,400
17,200
16,700
15,400
58,790
23,910
10,214
851
11,958
570
317
20,590
9,680
4,814
6,097
4,266
3,218
1,048
631
631
158
158
8,114
6,415
1,175
525
1,122
316
499
307
332,936
205,923
133,346
4,589
62,068
3,434
2,487
77,304
39,093
20,262
17,949
13,857
8,504
5,353
2,471
2,471
1,063
1,063
26,?85
21,566
3,537
1,182
6,033
1,869
2,522
1,642
1.6
2.2
4.6
1.1
2.4
.6
0
2.5
1.3
3.3
2.4
.4
.7
.3
4.0
4.0
.8
.8
2.8
0
2.9
4.5
.2
0
1.8
.2
10,193
1,084
1,084
982,400
369,400
369,400
28,778
12,368
12,368
107,325
36,267
36,267
3.1
3.7
3.7
14.7
2.5
1.2
4.8
6.4
8.2
222
2.2
6.5
4.0
3.4
7.1
2.1
1.4
1.9
5.5
5.6
6.1
2.8
4.8
1.3
5.9
8.5
4.3
5.5
3.1
9.9
.9
6.2
6.1
16.1
1.0
5.9
2.1
2.6
7.9
6.9
.8
3.5
2.2
Employment
4.2
7.2
4.1
3.5
7.0
8.3
Payroll
4:1
8.7
4.3
3.9
6.4
8.5
R R
6.0
0
14.3
5.9
4.4
0
11.3
5.4
R R
6.7
P
L
2.2
11.2
3.5
4.5
13.9
5.9
(D)
3.4
2.4
8.6
3.6
4.1
6.7
5.9
11.7
.9
10.4
13.4
12.7
13.8
10.7
12.7
30.7
6.1
7.4
10.9
R
R
8.7
'Is
R
R
11.3
33.8
39.7
20.0
13.9
25.1
4.0
13.2
9.2
12.9
2.3
13.8
13.5
24.4
4.4
9.0
4.8
6.9
10.1
15.9
I
JU
3,
35.1
42.8
18.3
12.3
22.3
3.4
14.1
9.1
10.6
6.0
9.3
4.4
6.4
7.8
L
\
L
I
'
12
1C
15
1C
1C
1C
31
£
1C
1C
I
£
i
I
12
52
59
32
14
22
4
1C
c
1E
\i
\L
2(
i
.4
14.7
8.3
3.1
5.4
8.1
D
( )
4.0
(D)
0
1.9
(D)
D
( )
4.2
2.7
4.8
7.0
0
!
12.0
7.5
2.3
2.3
I
0
11
6
2.5
13.1
12.9
21.3
.6
15.4
t
12
*
j
I
15.2
.7
10.9
14.4
13.2
15.2
10.3
11.9
28.1
Shif
men
or
sale
<D
2£
e
4
£
(
L
4
|D1.6
0
1
^
(D)
(D)
3.8
3.2
3.2
R
T
R( ) B
R R
D
0
0
7.4
4.1
4.1
6.9
3.5
3.5
|
1
1
j
0
j
!
7
3
3
66 • October 1992
SURVEY OF CURRENT BUSINESS
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
U.S. affiliates
SIC code
382
3821
3822
3823
3824
3825
3826
3827
3829
384
3841
3842
3843
3844
3845
385
3851
386
3861
387
3873
39
391
3911
3914
3915
393
3931
394
3942
3944
3949
395
3951
3952
3953
3955
396
3961
3965
399
3991
3993
3995
3996
3999
41
411
4111
4119
412
413
414
4141
4142
415
417
4171
4172
42
421
4212
4213
4214
4215
422
4221
4222
4225
4226
423
44
441,2,
3,4
441,2
4412
4424
443,4
4432
4449
448
4482
4481,9
4481
4489
449
4493
4491,2,9
4491
4492
4499
45
451
Number
of estab- Number of
lishments employees
Industry
Measuring and controlling devices
Laboratory apparatus and furniture
Environmental controls
Process control instruments
Fluid meters and counting devices
Instruments to measure electricity
Analytical instruments
Optical instruments and lenses
Measuring and controlling devices nee
Medical instruments and supplies
Surgical and medical instruments
Surgical appliances and supplies
Dental equipment and supplies
X-ray apparatus and tubes
Electromedical equipment
Ophthalmic goods
Ophthalmic goods
Photographic equipment and supplies
Photographic equipment and supplies
Watches, clocks, watchcases, and parts
Watches, clocks, watchcases, and parts
Miscellaneous manufacturing industries
Jewelry silverware and plated ware
Jewelry, precious metal
Silverware and plated ware
Jewelers' materials and lapidary work
Musical instruments
Musical instruments
Toys and sporting goods
Dolls and stuffed toys
Games toys and children's vehicles
Sporting and athletic goods nee
Pens pencils office and art supplies
Pens and mechanical pencils .
Lead pencils and art goods
Marking devices
Carbon paper and inked ribbons
Costume jewelry and notions
Costume jewelry
Fasteners buttons needles and pins
Miscellaneous manufactures
Brooms and brushes
Signs and advertising specialties
Burial caskets
Hard surface floor coverings nee
Manufacturing industries, nee
Administrative and auxiliary
. .
. ..
Transportation and public utilities4
Local and interurban passenger transit
Local and suburban transportation
Local and suburban transit
Local passenger transportation nee
Taxicabs .
Intercity highway transportation ..
Transportation charter service
Local passenger charter service
Charter service except local
School buses
Bus terminal and service facilities
Bus terminal facilities
Bus service facilities
Trucking and warehousing
Trucking and courier services, except air
Local trucking without storage
Trucking except local
Local trucking with storage
Courier services except by air
Public warehousing and storage
Farm product warehousing and storage
Refrigerated warehousing and storage
General warehousing and storage
Special warehousing and storage, nee
Trucking terminal facilities
Water transportation
Water transportation of freight
Deep sea foreign and domestic freight
. .
Deep sea foreign transportation of freight .
.
Deep sea domestic transportation of freight
Other water transportation of freight
Freight transportation on the Great Lakes
Water transportation of freight nee
Water transportation of passengers
Ferries
Water transportation of passengers except by ferry
Deep sea passenger transportation
Water passenger transportation nee .
Water transportation services
Marinas .
Other services incidental to water transportation
Marine cargo handling
Towing and tugboat service
.
....
Water transportation sen/ices nee
Transportation by air
Certificated air transportation
See footnotes at end of table.
..
...
.
142
10
14
27
6
30
18
9
28
92
36
29
9
4
14
12
12
23
23
11
11
27,512
2,027
I
4,676
G
7,025
1,593
1,510
3,814
14,456
6,614
3,781
1,114
668
2,279
5,274
5,274
8,010
8,010
2,344
2,344
112
7
3
2
2
16
16
28
0
9
19
14
8
4
1
1
7
1
6
40
2
7
0
2
29
1,074
20,900
1,266
E
C
F
2,041
2,041
7,387
0
3,414
3,973
1,971
F
F
B
E
1,432
C
G
6,803
E
F
0
F
4,894
130,712
2,164
95
13
1
12
1
0
9
2
7
72
0
0
0
94,284
All U.S. businesses
Millions of dollars
Shipments or
sales
Payroll
732
62
( D)
10
D
)
I25
48
37
117
393
178
90
30
23
72
115
115
266
266
43
43
445
23
D
)
2,598
397
(D)
330
(D)
639
220
107
401
1,661
696
417
121
119
308
314
314
1,721
1,721
201
201
2,494
131
D
)
)
0
D
)
34
D
4,317
1,353
389
7
(D)
470
273
197
306
24
282
592
101
491
104
387
5,664
2,641
3,023
851
880
1,292
28,472
16,787
11,685
11,607
1,001
10,606
19,976
1,592
18,384
13,780
4,604
108,959
16,433
92,526
62,543
20,235
9,748
1,013
578
436
339
54
285
341
30
311
231
79
2,624
263
2,361
1,661
460
240
7,834
5,221
2,613
2,104
229
1,875
2,342
96
2,247
1,934
313
8,357
1,455
6,903
3,998
1,482
1,422
n.a.
n.a.
8,469
5,458
549,039
480.642
16,867
15.466
n.a.
n.a.
105
24
5,333
848
149
26
15
12
3
9
3
6
0
0
0
0
0
81
2
79
63
9
7
196
B
C
652
E
E
0
0
0
0
0
4,485
B
H
4,265
99
B
6
269
196
145
14,818
12.803
8
0
0
0
0
0
124
D
( )
(D)
118
3
(D)
141
I>95
.7
.2
.1
1.0
.5
3.8
3.8
1.0
0
1.3
1.1
1.4
7.3
2.8
.2
.8
.7
.1
2.3
.5
.7
.2
0
9.5
.7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
103,043
97,722
20,518
60,809
3,737
12,658
5,255
586
1,171
2,333
1,165
66
20,638
9,938
48
181
102
143
3
769
360
19
32,012
5,554
4,078
529
947
814
814
8,798
294
3,381
5,123
2,536
819
609
443
665
2,062
1,392
670
12,248
990
4,283
840
1,310
4,825
n.a.
136,586
3,815
1,741
804
936
338
530
229
96
105
839
37
33
5
30,997
29,522
5,687
17,148
1,262
5,425
1,448
131
334
670
312
27
s13
591
379
78
289
5
7
206
77
67
21
41
6
8
3.4
3.8
5.5
3.4
3.8
3.2
3.2
3.6
2.9
2.7
3.2
1.9
1.8
5.3
6.3
2.4
2.4
2.9
2.9
5.0
5.0
5,102,987
299,157
112,638
38,682
73,894
34,298
26,243
16,539
5,704
8,303
96,646
3,076
2,704
371
1,446,230
1,369,023
299,756
731,243
72,443
265,581
75,966
7,729
16,051
37,143
15,043
1,241
169,014
40,079
814
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,757
1,280
167
1,029
8
26,042
1,769
2,069
4,788
939
7,703
3,468
1,864
3,442
22,865
7,780
8,534
1,421
1,554
3,577
1,689
1,689
19,241
19,241
1,221
1,221
226,703
15,180
5,582
710
4,860
3,434
704
701
213
348
3,329
301
274
26
102,703
95,393
45,893
37,742
5,804
5,954
7,232
751
982
4,294
1,205
78
7,032
776
8
2,339
118
D
)
134
11
50
35
37
1
7,807
441
602
1,476
237
2,477
893
582
1,099
5,027
1,786
1,786
348
257
851
475
475
2,878
2,878
223
223
6,884
941
682
133
126
218
218
1,512
58
542
913
540
167
103
137
134
498
329
169
3,174
231
1,365
163
225
1,191
47,202
1,233,600
161
161
1,067
0
556
511
213
13,255
G
B
G
E
0
F
F
C
J
0
0
0
22,724
16,110
2,601
12,612
E
E
6,518
554
2,529
2,119
1,316
96
0
0
0
£ 73
t 38
61
f 62
Establishments
374,300
49,500
35,500
6,900
7,100
12,200
12,200
88,900
4,400
30,900
53,600
28,800
8,400
5,600
7,500
7,300
31,800
22,200
9,600
163,300
12,300
66,300
8,700
7,600
68,300
n.a.
D]
Shipments
or sales
Payroll
16,573
2,975
2,324
209
442
423
423
2,713
197
716
1,800
1,016
110
145
636
125
1,022
760
262
8,424
301
3,778
231
21
4,093
9,952
5,3 18
\
Number of
employees l
284,700
17,100
26,500
53,300
10,100
85,200
31,200
20,100
41,000
204,200
73,100
78,500
14,600
8,700
29,200
24,200
24,200
88,000
88,000
11,800
11,800
8
1
178
Number of
establishments
4,168
260
254
784
158
930
562
250
970
3,441
1,136
1,501
505
75
224
495
495
787
787
218
218
D
D
)
42
42
142
0
76
66
32
U.S. affiliates as a percentage of
all U.S. businesses2
Millions of dollars
B
e
q
0
0
0
0
409
D
( )
(°)
10.8
Employment
9.7
14.0
(D)
7.4
D
)
9.1
5.3
6.4
21.8
21.8
24.3
24.3
9.1
9.1
7.8
10.0
5.0
8.6
8.9
8.5
9.2
9.2
19.1
19.1
D
5.6
2.6
)
D
)
D
)
D
16.7
16.7
19.3
19.3
11.0
7.4
6.8
8
8
4.5
(D)
(D)
4.2
(D)
T(D
].2
10.6
1.8
.6
.2
.1
.2
.1
0
1.3
.9
2.0
2.2
0
0
0
.6
.4
.2
.8
.1
.1
2.8
4.4
6.8
.5
3.4
7.7
10.7
19.9
19.9
8.3
0
6.5
2.4
)
D
)
D
)
9.4
0
14.0
7.2
6.0
D
)
D
D
)
)
5.8
D
)
D
)
5.6
D
)
D
)
0
(D)
D
8.6
7.2
5.7
8.7
7.7
7.3
8.9
4.9
8.5
7.7
8.6
18.6
18.6
8.9
8.9
16.5
16.5
7.8
2.4
19.8
19.8
12.1
0
16.4
10
8.4
8
$
5.3
(D)
(D)
6.6
(D)
(D)
0
n
n.a.
1.7
3.1
o
15.8
11.6
12.2
0
8
(D)
6.9
(D)
8.3
6.3
5.7
11.3
D\
0
0
1.6
1.2
.9
1.7
10
22.5
11.3
a
8D
()
8(D
i
Shipments
or
sales
9.4
11.9
(D)
8.8
(D)
8.2
5.1
7.5
9.3
7.1
9.0
4.8
7.6
7.7
7.8
1.0
10.3
Payroll
0
0
1.9
1.5
1.1
2.1
(D)
D
)
9.3
8.7
15.0
5.3
11.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1.7
1.3
.8
1.7
e
8.2
15.4
4.4
12.3
4.5
4.7
1.5
3.1
3.2
2.1
3.5
1.9
3.7
3.6
3.2
4.4
1.5
2.9
.7
(D)
D
( )
5.6
.6
3.4
12.5
2.1
0
0
0
0
0
1.4
.1
2.6
7.4
1.0
.5
2.3
2.7
8
0
0
0
0
0
4.1
°!
6.8
.5
)
2.7
2.7
D
8
5.7
(D)
(D)
0
0
0
0
0
4.7
n
(D)
4.3
8
0
0
0
0
0
4.9
18
n'7
2.0
1.9
.5
n
n.a.
n.a.
October 1992 •
SURVEY OF CURRENT BUSINESS
67
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
Industry
SIC code
458
46
461
47
472
4724
4725
4729
473
474,8
474
478
4783
4785
4789
48
481
482
483
489
49
491
492
493
4931
4932
4939
494
495
496
497
Air transportation services
Pipelines, except natural 93$
Pipelines, except natural gas ...
Transportation services
Passenger transportation arrangement
Travel agencies
Tour operators
Passenger transport arrangement, nee
Freight transportation arrangement
Other transportation services ...
Rental of railroad cars
Miscellaneous transportation services
Packing and crating
Inspection and fixed facilities
Transportation services, nee
Communication
Telephone communication
Telegraph communication
Radio and television broadcasting
Communication services, nee ..
Electric, gas, and sanitary services
Electric services
Gas production and distribution
Combination utility services
Electric and other services combined
Gas and other services combined
Combination utility services, nee
Water supply
Sanitary services
Steam supply
Irrigation systems
Administrative and auxiliary
50
Wholesale trade-durable goods
501
Motor vehicles, parts, and supplies
5012
Automobiles and other motor vehicles
5013
Motor vehicle supplies and new parts
5014
Tires and tubes
5015
Motor vehicle parts, used ....
502
Furniture and homefumishings .
5021
Furniture
5023
Homefumishings
503
Lumber and construction materials
5031
Lumber, plywood, and millwork
5032
Brick, stone, and related materials
5033
Roofing, siding, and insulation
5039
Construction materials, nee .
504
Professional and commercial equipment
5043
Photographic equipment and supplies
5044
Office equipment
5045
Computers, peripherals and software
5046
Commercial equipment, nee
5047
Medical and hospital equipment
5048
Ophthalmic goods
5049
Professional equipment, nee
505
Metals and minerals, except petroleum
5051
Metals service centers and offices
5052
Coal and other minerals and ores
506
Electrical goods
5063
Electrical apparatus and equipment
5064
Electrical appliances, televisions and radios
5065
Electronic parts and equipment
507
Hardware, plumbing and heating equipment
5072
Hardware
..
5074
Plumbing and hydronic heating supplies
5075
Warm air heating and air conditioning
5078
Refrigeration equipment and supplies
508
Machinery, equipment, and supplies
5082
Construction and mining machinery
5083
Farm and garden machinery
5084
Industrial machinery and equipment
5085
Industrial supplies
5087
Service establishment equipment
5088
Transportation equipment and supplies
509
Miscellaneous durable goods ...
5091
Sporting and recreational goods
5092
Toys and hobby goods and supplies
5093
Scrap and waste materials ..
5094
Jewelry and precious stones
5099
Durable goods, nee
51
Wholesale trade-nondurable goods
511
Paper and paper products
5111
Printing and writing paper....
5112
Stationery and office supplies
5113
Industrial and personal service paper
512
Drugs, proprietaries, and sundries
5122
Drugs, proprietaries, and sundries
513
Apparel, piece goods, and notions
5131
Piece goods and notions
5136
Men's and boys' clothing
5137
Women's and children's clothing
5139
Footwear
514
Groceries and related products
5141
Groceries, general line
5142
Packaged frozen foods
See footnotes at end of table.
Number
of estab- Number of
lishments
Millions of dollars
Payroll
Shipments or
sales
45
1,972
206
3,643
3,643
n.a.
14,348
3,122
997
206
586
112
72
33
6
463
10
0
10
0
5
5
101
11
22
27
40
n.a.
261
974
G
F
10,799
75
0
75
0
0
C
C
6,840
8
n.a.
Number of
employees1
2,822
67,478
1,375
607
16,315
16,278
634
633
n.a.
38,459
27,319
23,185
2,492
1,642
9,409
1,731
139
1,592
481
160
951
290,332
165,195
131,131
24,821
9,243
97,360
27,777
5,371
2,602
2,010
16,779
7,291
5,220
1,583
488
6,577
2,910
1,752
1,158
260
121
777
.6
0
3.1
.5
32,320
17,790
883
7,822
5,400
1,201,544
811,361
10,512
226,298
150,357
35,507
25,332
324
3,789
n.a.
n.a.
n.a.
n.a.
n.a.
.3
.1
2.5
.3
.7
847,883
440,133
135,831
160,863
110,821
45,498
4,171
23,520
78,717
2,781
2,100
28,465
n.a.
1.2
.1
1.1
.3
0
0
1.5
2.3
2.1
0
598
n.a.
n.a.
n.a.
n.a.
211
8,985
n.a.
3
35
3
0
0
2
74
94
0
2
B
H
B
0
0
B
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
18,042
4,855
3,305
1,026
682
162
132
3,197
4,460
66
336
0
B
Millions of dollars
Number of
establishments
F
2,215
3,544
1,767
3,384
2,376
25,401
5,405
1,438
18,558
Payroll
449
144
2,301
468
81
386
82
27
277
6,003
15,398
4,318
5,998
4,133
1,740
116
519
2,018
114
30
73
4,338
3,891
283,473
10,613
12,789
343,348
10,907
380,137
469,539
5,609,024
133,359
7,342
839
227
457
155
0
112
29
83
490
104
233
47
106
1,234
123
317
409
64
217
30
74
564
533
31
1,357
406
158
793
403
153
225
19
193,417
30,233
15,098
J
H
0
3,851
1,093
2,758
6,040
2,629
1,897
468
1,046
48,574
5,213
15,481
12,249
1,433
10,099
1,893
2,206
10,171
9,730
441
41,008
7,232
12,572
21,204
6,169
881
481
223,125
79,851
297,292
45,848
7,125
28,902
3,746
6,075
14,521
6,819
7,702
19,075
6,743
3,068
2,973
416
6
286
2,016
186
90
1,090
545
22
83
327
64
15
76
62
110
36,116
4,259
1,578
19,760
7,626
513
2,380
10,681
1,766
492
1,474
2,504
4,445
4,667
626
69
482
75
201
201
230
100
46
44
40
862
48
56
111,095
8,584
G
H
2,341
13,485
13,485
7,749
1,476
1,882
1,379
3,012
31,811
6,628
1,655
25
73
167
65
61
14
27
1,557
187
460
408
39
347
47
69
378
358
19
1,450
238
441
771
177
82
72
14
9
1,100
123
41
677
167
16
77
361
47
18
31
90
175
U.S. affiliates as a percentage
of
all U.S. businesses2
All U.S. businesses
U.S. affiliates
0
4,322
240
1,082
4,911
1,849
2,114
533
416
17,426
3,238
4,949
5,306
280
2,507
484
662
27,329
24,083
3,246
33,369
3,150
16,951
13,268
2,344
997
1,107
145
94
15,705
1,658
511
8,889
2,978
103
1,567
1,161
756
910
18,843
157,012
6,155
1,28'
5,657
5,657
4,786
1,363
673
907
1,842
24,466
3,714
2,383
82,770
9,872
2,910
5,478
3,
1,704
1,948
5,476
2,812
800
2,684
4,413
44,248
1,556
11,524
12,821
5,587
7,747
1,899
3,114
11,093
10,281
812
33,509
15,045
3,740
14,724
23,097
7,552
8,931
5,101
1,513
73,564
4,983
11,782
30,304
14,780
8,467
3,248
32,337
4,922
2,424
8,716
6,927
9,348
172,247
16,808
2,074
9,778
4,956
4,912
4,912
16,935
5,696
3,311
6,234
1,694
42,075
4,368
2,835
767
1,096
19,728
846
4,766
8,890
1,215
821
4,038
3,854
184
11,526
4,299
1,663
5,564
5,610
2,111
2,086
1,110
303
17,308
2,209
1,959
7,255
3,562
1,330
993
5,558
957
508
1,624
1,093
1,376
50,589
5,202
1,100
2,304
1,799
2,968
2,968
4,661
1,425
939
1,709
588
16,729
3,702
1,281
Shipments
or sales
Establishments
Employment
ShipPayroll ments
or
sales
1.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
33.9
n.a.
34.4
5.9
3.6
1.5
.4
.3
1.3
1.1
810
.4
4.9
.6
0
2.6
0
6.5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1.9
2,524,727
1,278,771
326,625
246,933
62,456
8
2.5
1,245,956
83,173
28,531
20,614
34,028
64,280
64,280
81,476
25.668
18,235
26,280
11,293
380,945
93,215
33,264
2.7
3.7
3.3
4.9
1.5
4.1
4.1
1.4
1.8
1.4
.7
2.4
2.0
1.1
2.0
6,881
114,528
101,143
13,384
173,174
28.3
4.1'
42,707
71,078
57,126
20,054
23,246
11,143
2,684
185,446
23,971
24,172
71,446
41,754
9,442
14,660
118,654
15,359
8,540
18,904
38,582
37,269
9,655
25,243
4,026
24.4
1.8
3.2
1.6
0
.8
.4
1.1
2.6
1.3
6.0
1.8
2.4
2.8
7.9
2.8
3.2
1.1
2.8
1.6
2.4
5.1
5.2
3.8
4.1
2.7
4.2
5.4
1.7
2.0
2.5
.4
.4
2.7
3.7
.8
3.6
3.7
.3
2.6
1.0
1.3
.6
.9
.9
1.2
48,123
18,630
29,493
79,946
45,877
9,094
12,901
12,073
175,149
17,066
27,762
84,515
15.1
17.4
2.7
0
2.5
1.6
3.3
2.6
2.2
5.7
1.5
2.2
7.0
18.5
8.2
4.6
2.7
10.4
6.3
6.3
7.1
7.1
7.6
9.7
4.3
20.0
11.1
2.9
3.4
3.3
1.0
2.3
5.1
5.3
1.5
7.4
5.3
.7
6.5
4.0
3.9
2.1
1.7
5.3
6.9
4.9
3.8
I.5
10.1
10.1
4.3
2.8
4.9
1.9
16.6
4.2
4.2
2.9
0
2.7
1.5
3.7
3.0
2.3
7.6
1.9
2.5
7.9
22.1
9.7
4.6
3.2
13.4
7.9
8.5
9.4
9.3
10.6
12.6
5.5
26.5
13.9
3.2
3.9
3.5
1.3
2.9
6.4
5.5
2.1
9.3
4.7
1.2
7.8
6.5
5.0
3.5
1.9
8.2
12.7
6.6
5.3
i.3
14.9
14.9
5.5
3.1
5.6
2.8
19.0
4.9
4.3
4.0
0
2.7
1.3
3.7
6.1
4.0
23.2
4.1
3.4
9.9
19.0
17.8
6.3
2.9
9.9
12.0
9.6
23.9
23.8
24.3
19.3
5.3
39.7
18.7
4.1
5.0
4.8
1.3
3.5
8.5
6.9
2.1
12.4
7.1
1.1
10.7
34.4
7.6
8.9
4.8
48.8
51.5
12.6
7.4
8.8
8.8
5.9
5.3
3.7
3.5
16.3
6.4
4.0
7.2
68 • October 1992
SURVEY OF CURRENT BUSINESS
Tabie 1.-Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
All U.S. businesses
U.S. affiliates
Millions o f
Millions of dollars
SIC code
5143
5144
5145
5146
5147
5148
5149
515
5153
5154
5159
516
5162
5169
517
5171
5172
518
5181
5182
519
5191
5192
5193
5194
5198
5199
52
521
523
525
526
527
53
531
533
539
54
541
542
543
544
545
546
549
55 ex.
554
551
552
553
555
556
557
559
554
56
561
562
563
564
565
566
569
57
5712
5713
5714
5719
572
573
5731
5734
5735
5736
58
5812
5813
591
Industry
Number
of establishments
Dairy products, except dried or canned
Poultry and poultry products
Confectionery
Fish and seafoods
Meats and meat products
Fresh fruits and vegetables
Groceries and related products, nee
Farm-product raw materials
Grain and field beans
Livestock
Farm-product raw materials nee
Chemicals and allied products
Plastics materials and basic shapes
Chemicals and allied products nee
Petroleum and petroleum products
Petroleum bulk stations and terminals
Petroleum products nee
Beer wine and distilled beverages
Beer and ale
Wine and distilled beverages
Miscellaneous nondurable goods
Farm supplies . . .
Books periodicals and newspapers
Flowers and floriste' supplies .
Tobacco and tobacco products
Paints, varnishes, and supplies
Nondurable goods nee
Administrative and auxiliary
Retail trade
Building materials and garden supplies
Lumber and other building materials
Paint glass and wallpaper stores
Hardware stores
Retail nurseries and garden stores
Mobile home dealers
.
<
780
'
Department stores
Variety stores
Miscellaneous general merchandise stores
Food stores
Grocery stores
Meat andfishmarkets ...
.
Fruit and vegetable markets
Candy nut and confectionery stores
Dairy products stores
Retail bakeries
Miscellaneous food stores
Automotive dealers . . .
New and used car dealers
.
Used car dealers
Auto and home supply stores
Boat dealers
Recreational vehicle dealers
Motorcycle dealers
Automotive dealers, nee .
Gasoline service stations
Apparel and accessory stores
Men's and boys' clothing stores
Women's clothing stores
Women's accessory and specialty stores
Children's and infants' wear stores
Family clothing stores
Shoe stores
Miscellaneous apparel and accessory stores
Furniture and homefurnishings stores
Furniture stores
Floor covering stores
Drapery and upholstery stores
Miscellaneous homefurnishings stores
Household appliance stores
Radio, television, and computer stores
Radio, television, and electronic stores
Computer and software stores
Record and prerecorded tape stores
Musical instrument stores
Eating and drinking places
Eating places
Drinking places
Drug stores and proprietary stores
Miscellaneous retail stores
59 ex.
591
Liquor stores
592
593
Used merchandise stores
594
Miscellaneous shopping goods stores
5941
Soortino ooods and bicvcle shoos
5942
Book stores
Stationery stores
5943
Jewelry stores
5944
Hobby toy and game shops
5945
Camera and photographic supply stores .
5946
5947
Gift, noveltv. and souvenir shoos
See footnotes at end of table.
86
7
63
16
26
49
511
222
181
1
40
843
105
738
463
361
102
150
11
139
1,070
464
53
4
45
412
91
.. . .
.
Number of
employees
2,251
353
1,615
193
1,153
2,262
15,701
4,312
3,237
A
G
15,235
2,629
12,606
6,723
3,952
2,771
4,406
383
4,023
18,790
7,033
1,611
G
3,476
3,829
38,836
Number of
establishments
Shipments or
sales
Payroll
59
7
40
6
30
51
413
135
104
86
417
247
128
119
173
14
159
499
179
54
8
1,414
140
1,071
590
1,309
831
13,013
18,530
20,152
2,589
17,563
41,803
20,382
21,421
5,729
221
5,509
29,735
4,139
455
90
129
1,388
1,157
22,141
7,096
116
102
9
54,022
1,055
968
54
n.a.
24,403
292
228
46
11
6
1
822
533
246
43
4,143
3,530
7
0
359
1
226
20
428
628,793
9,142
8,286
476
E
C
A
104,737
98,723
H
H
200,816
196,894
66
0
G
A
1,705
E
5,061
89
1,002
37
2
386
2
0
0
1
1,817
A
3,217
A
0
0
A
30,937
73,893
3,542
38,136
F
B
15,073
16,068
453
5,324
2,973
A
0
1,618
C
F
E
C
0
A
s
703
0
0
0
0
225
661
54
316
5,089
3,295
6,919
110
2,855
44
15
537
3,330
28
237
88
1
0
52
20
76
55
19
0
2
2,170
2,160
10
853
4,769
103
. .
3,972
247
1,018
2,648
0
23
B
()
D(
D
D\
1,067
1,015
8,903
7,876
2,248
2,217
1
0
23,941
23,777
6
0
a a
a
12
47
8
n
2&
*375
2,448
a
81
52
1,238
1,054
40
627
378
19
162
123
154
7
66,818
66,559
259
J
59,877
455
453
2
1,703
1,692
11
608
5,034
986
B
47,490
I
I
B
30,236
A
0
423
12
i
0
4
148
3,334
28
Number of
employees l
Payroll
U.S. affiliates as a percentage
of
all U.S. businesses2
HnllarQ
Shipments
or sales
3,743
1,372
2,818
2,745
4,779
5,838
13,577
12,577
8,155
2,592
1,830
12,705
2,744
9,961
16,726
12,353
4,373
5,835
3,934
1,901
43,674
18,321
3,935
3,573
1,813
3,657
12,375
5,734
48,038
23,850
39,271
27,233
78,973
98,870
232,888
116,726
63,272
34,510
18,944
131,442
28,453
102,989
175,188
135,923
39,265
145,810
90,091
55,719
403,996
131,146
64,837
39,042
42,672
30,780
95,519
300,526
1,097
405
829
473
1,642
1,811
5,488
1,847
1,273
238
336
3,847
788
3,058
3,658
2,689
968
3,849
2,315
1,535
7,828
2,371
1,368
661
785
660
1,983
10,565
26,927
8,554
13,952
9,387
47,387
30,450
117,811
117,606
73,512
26,726
17,369
94,620
20,307
74,312
234,874
139,655
95,219
49,433
24,288
25,145
139,550
40,774
14,696
4,986
25,465
6,702
46,928
1,503,593
73,805
27,497
10,504
20,059
10,692
5,053
35,434
10,041
10,424
14,969
190,706
137,584
11,364
3,271
6,124
3,302
21,790
7,271
102,704
17,779,942
668,448
379,984
51,748
137,860
71,370
27,486
2,003,181
1,651,465
120,684
231,032
2,854,673
2,502,468
59,044
20,013
30,767
17,377
185,396
39,608
1,373,238
177,548
9,760
6,157
772
1,564
822
445
19,586
16,365
926
2,294
1,493,309
81,487
55,284
5,241
10,535
5,411
5,015
181,147
144,017
6,762
30,368
301,847
285,481
5,616
1,802
1,182
880
4,871
2,014
28,320
14,948
46,207
5,174
3,006
4,197
852
114,748
149,435
16,507
52,304
7,490
6,146
18,443
39,488
9,057
109,653
32,763
13,752
3,856
14,378
11,192
33,712
18,892
3,858
6,272
4,690
391,303
332,611
58,692
52,181
283,624
939,929
55,494
286,155
34,875
24,621
27,070
5,094
701,690
1,121,011
115,169
418,972
35,640
37,284
267,719
205,237
40,990
702,583
246,772
75,373
17,182
83,261
65,419
214,576
122,525
21,895
44,408
25,748
6,099,720
5,786,889
312,831
573,692
1,681,706
22,205
809
4,152
620
437
382
83
6,414
9,725
1,361
3,150
368
245
2,362
1,880
358
9,904
3,828
1,325
192
873
953
2,734
1,686
325
372
352
38,582
36,633
1,950
6,476
18,594
35,194
14,871
122,850
21,601
11,076
4,817
28,050
9,629
3,791
32.245
156,519
68,551
706,363
120,714
72,334
26,898
162,795
75,932
21,425
150.730
1,454
663
6,481
1,218
581
287
1,921
614
276
1.055
18,597
3,502
49,460
10,077
5,116
1,814
11,994
7,031
2,294
7.459
29,819
27,084
606
186
199
106
1,353
285
28,688
n.a.
Establishments
Employment
2.3
.5
2.2
.6
.5
.8
3.8
1.8
2.2
.1
2.2
6.6
3.8
7.4
2.8
2.9
2.3
2.6
.3
7.3
2.5
2.5
1.3
.1
2.5
4.7
1.5
4.1
.7
1.5
2.3
6.7
3.7
5.1
11.3
.7
13.6
1.6
.4
.8
.4
.1
.1
.1
2.3
5.3
2.4
.3
a
11.6
9.2
12.2
3.8
2.9
7.1
3.0
.4
7.2
4.7
5.4
25
o-
11.3
4.0
Payroll
5.4
1.7
4.9
1.4
1.9
2.8
7.5
7.3
8.2
8
13.1
10.9
13.6
6.8
4.8
12.2
4.5
.6
10.4
6.4
7.5
4.0
13.6
6.5
13.1
12.9
3.5
1.4
2.2
.9
8
4.0
1.2
1.7
Shipments
or
sales
5.3
.6
7.7
5.3
2.8
2.7
1 .0
15.8
2 1.7
2 .3
12.7
2 3.6
17.8
14.6
22.5
11.6
.9
2 1.9
2 1.3
10.2
3.1
3
17.3
4 7.2
n .a.
3.6
1.3
1.8
1.0
3
5.2
6
D '°
5.4
6.2
4.9
5.5
8
7.9
B.3
.1
0
2.2
2.6
.1
0'
5.9
.1
1.0
.3
7.0
7.9
.1
0
333,420
.4
.4
.3
.3
280,529
10,849
25,460
6,824
5,538
3,475
744
101,997
77,391
8,869
25,868
2,663
2,101
21,117
14,411
2,362
74,783
25,997
9,226
1,027
6,121
8,332
24,080
15,178
2,651
3,930
2,321
.1
.1
.8
.1
0
0
.1
,2
.2
.3
1.1
1.0
148,776
139,282
9,495
53,824
138,636
2.9
4.6
.7
5.5
.6
.2
2.9
8.4
.3
7.5
8.2
.2
J)
1. 2
0
j)
4.4
3.5
6.6
3.1
9.1
6.8
4.0
a
1.2
C
C
0
0
10.0
5.0
6.7
4.2
9.5
a
5.6
7.8
1.1
2.1
5.9
7.3
1.7
.2
.3
.1
0
.4
.2
.2
.3
.5
0
.1
.8
1.2
.8
1.4
.8
1.5
1.9
0
2.2
.6
.6
.1
1.1
1.2
.1
1.2
1.2
.1
1.7
3.6
3.3
.3
.1
3.2
1.1
9.2
.1
9.4
.1
0
.1
D> 6
8.2
()
2.6
(
1.6
6.7
(")
n
18.6
.3
.8
s
5.8
11.6
.3
8
1.1
1.2
.1
D
)
3.6
68
6.7
8
13.9
.4
SURVEY OF CURRENT BUSINESS
69
October 1992
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
U.S. affiliates
Industry
SIC code
5948
5949
596
5961
5962
5963
598
5983
5984
5989
5992
5993
5994
5995
5999
60
602
604
605
61
611
6112
612
613
614
615
616
62
621
622
623
628
63
631
632
6321
6324
633
635
636
637
639
64
65
651
653
654
655
66
67
671
672
673
6732
6733
679
6794
6798
6799
70 ex.
704
7011
702,3
702
703
7032
7033
72
721
7211
7213
7215
7216
7217
7218
7212,9
7212
7219
722
723,4
723
724
725
726
729
7291
7299
Number
of estab- Number of
lishments employees
Luggage and leather goods stores
Sewing, needlework, and piece goods
Nonstore retailers
Catalog and mail-order houses
Merchandising machine operators
Direct selling establishments
Fuel dealers
Fuel oil dealers
Liquefied petroleum gas dealers
Fuel dealers nee
Florists .
Tobacco stores and stands ....
News dealers and newsstands
Optical goods stores
Miscellaneous retail stores, nee
Administrative and auxiliary ....
26
5
76
24
5
47
23
2
21
0
5
1
0
501
83
F
B
7,874
1
C
2,263
C
A
C
0
A
A
0
G
1,092
475
Finance, insurance, and real estate3
Banking
Commercial and stock savings banks
Trust companies, nondeposit .
Functions closely related to banking
Credit agencies other than banks
Rediscount and financing institutions
Rediscounting, not for agricultural
Savings and loan associations
Agricultural credit institutions ..
Personal credit institutions
Business credit institutions
Mortgage bankers and brokers
Security, commodity brokers and services
Security brokers and dealers .
Commodity contracts brokers and dealers
Security and commodity exchanges
Security and commodity services
Insurance carriers
Life insurance
Medical service and health insurance
Accident and health insurance
Hospital and medical service plans
Rre, marine, and casualty insurance
Surety insurance
Title insurance
Pension, health, and welfare funds
Insurance carriers, nee
Insurance agents, brokers, and service
Real estate
Real estate operators and lessors
Real estate agents and managers
Title abstract offices
Subdivides and developers ... .
Combined real estate, insurance, etc
Holding and other investment offices
Holding offices
Investment offices
Trusts . .
Educational, religious, etc., trusts
Trusts, nee
Miscellaneous investing
Patent owners and lessors
Real estate investment trusts
Investors, nee
Administrative and auxiliary ....
8,316
3,364
3,154
0
189
743
1
1
181
1
279
139
142
996
895
17
6
77
Services
Hotels and other (odoinci places except membership lodQino.
Hotels and motels
Other lodging places
Rooming and boarding houses
Camps and recreational vehicle parks
Sporting and recreational camps
Trailer parks and campsites
Personal services
Laundry cleaning and garment services
Power laundries family and commercial
Linen supply
Coin-operated laundries and cleaning
Drycleaning plants except rug
Carpet and upholstery cleaning
Industrial launderers
Garment pressing laundry services nee
Garment pressing and cleaners' agents
Laundry and garment services nee
Photographic studios portrait
Beauty and barber shops
Beauty shops
Barber shops
Shoe repair and shoeshine parlors
Funeral service and crematories
Miscellaneous personal services
Tax return preparation services
Miscellaneous personal services, nee
See footnotes at end of table.
Shipments or
sales
Payroll
Number of
establishments
Number of
employees *
11,033
64,502
317,972
123,195
73,652
121,125
98,842
54,035
43,045
1,762
125,048
6,736
10,149
54,312
137,214
122
406
4,523
1,932
1,090
1,501
1,824
1,059
746
19
1,019
57
90
811
1,672
9
L
(D)
n.a.
13,650
793,273
19,000
310,852
12,120
2,938
2,446
0
472
535,745
55856
50,105
102
2,721
6,727,313
1,650,646
1,495,695
3,718
47,178
892,177
3,390
3,383
360,702
16,044
254,938
84,445
171,854
170,375
35,022
31,344
93
1,429
21,133
98
98
7,511
387
5,119
3,002
5,000
433,317
351,084
14,201
7,294
59,512
1,340,622
564,281
167,151
43,280
122,504
494,286
9,905
60,313
30,601
6,682
656,743
25,333
21,515
564
288
2,914
R
°.
R
183
0
R.( ) i}
D
585
241
256
1
21,661
10,651
8,157
C
H
A
431
304
12
11
3
8
102
15
21
51
95
12,440
9,620
C
F
B
F
2,026
171
167
1,481
J
540
423
(D)
9,058
421
390,674
46,987
6,611
643
16,302
2,115
1,626,017
46,793
418
3
0
3
2
1
46,735
252
0
252
C
A
641
1
0
2,110
5
0
5
R
905
248
4
1
1
172
19
35
16
15
1
0
652
652
0
0
0
5
0
5
14,674
4,730
B
A
A
G
G
G
B
B
A
0
I
I
0
0
0
C
0
C
R
131
66
298
182
40,424
6,369
1,781
4,588
1,729
2,859
185,443
50,913
2,114
1,338
12,725
21,257
5,816
1,379
6,284
3,696
2,588
9,485
86,465
80,274
6,191
2,848
15,544
20,188
7,297
12,891
850
432
264
3
122
Estab-
Payroll
18
i
R
1,296
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,230
805
9
8
1
347
46
9
3
8
606
.
Millions of dollars
2,009
9,632
23,064
7,227
5,302
10,535
12,743
5,816
6,378
549
26,683
1,948
2,198
13,580
30,493
107,525
95,901
0
11,038
16,087
B
B
3,170
A
3,199
6,293
H
57,841
52,071
F
C
4,886
50,481
23,802
273
C
B
24,460
G
B
C
173
26,091
U.S. affiliates as a percentage of
all U.S. businesses2
All U.S. businesses
Millions of dollars
461
$
193
(D)
5,100
4,697
1,262
569
8
R
631
780
R
(D)
8
11
56
^R. %
0
0
(D)
^
0
0
1
( )
D
64,306
75
73
18,148
1,009
29,948
3,460
11,479
22,439
13,697
1,419
140
6,828
41,102
14,491
2,135
1,198
930
13,159
518
3,129
6,707
286
106,904
214,997
96,953
84,907
3,232
19,957
4,275
23,706
5,534
1,179
9,696
3,389
6,285
7,128
833
833
4,598
2,160
Shipments lishor sales ments
839
2,836
33,894
20,347
5,692
7,855
14,198
9,294
4,769
135
4,810
518
703
3,415
9,539
n.a.
1.3
.1
.3
.3
.1
.4
.2
.1
.3
0
.1
.1
0
3.7
.3
3.5
Employment
ShipPayroll ments
or
sales
D
°!
)
)
2.5
D
3.8
R R
3 RD
R 3^
1.9
3.1
0
"4
D
)
H,
n
1,298,096
484,892
601,547
26,901
144,443
23,474
35,048
15,043
4,000
1,054
2,909
13,322
295
1,444
580
169
16,089
24,277
7,312
12,605
551
3,120
494
239,664
115,203
12,587
61,248
28,678
32,491
50,229
13,434
6,681
25,836
192,574
7,890
4,478
632
1,229
562
666
1,537
347
226
823
5,088
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
16,054,738
1,410,792
289,807
14,452
772,194
51,865
•6
.9
2.4
2.3
3.3
4.4
1,380,244
30,548
8,376
22,172
9,331
12,841
14,135
318
63
255
110
145
10,853
4,388
343
765
345
1,486
312
933
204
80
124
514
3,538
3,358
181
65
1,362
985
343
642
50,372
1,493
246
1,246
472
774
1.0
.1
0
.1
.1
.1
3.4
.8
0
1.1
4.5
.4
0
.5
31,491
12,860
821
2,114
1,667
3,998
919
2,700
641
312
330
2,045
7,869
7,461
408
218
5,343
3,156
905
2,251
.5
.5
.2
.1
.1
.8
.3
2.5
.3
.4
.1
0
.8
.8
0
0
0
.1
0
1,104,961
408,345
33,180
53,385
45,416
163,369
31,772
58,962
22,261
10,166
12,095
50,137
390,748
373,012
17,736
6,684
82,631
166,416
81,083
85,333
1.6
4.6
7.1
6.0
6.3
0
6.9
6.5
6.4
0
8.4
7.8
0
1.2
1.3
1.4
1.0
.1
.9
4.0
1.2
4.4
6.5
1.2
4.3
1.1
3.0
5.6
.4
.7
.1
2.6
8.9
.3
.1
2.8
.6
.4
.4
.3
.1
.6
.1
1.8
5.5
1.0
.1
.1
.1
1.4
1.8
2.5
1.1
4.4
.1
23.4
1.8
3,
(D)
1.3
7.5
n
13.3
14.8
R
8.2
3.8
4.2
.2
33.1
22
(D)
'I,
(
°l«
6.4
)
D
20.1
21.8
D
)
)
n
12.1
3.6
3.8
.2
R R
4.9
(D)
D
( )
(D)
2.6
4.0
4.7
R{D
L
4.8
(D)
5.2
2.4
3.3
2.0
D
)
D
)
D
( )
6.8
D8'4
D9'5
1.7
2.2
1.4
(D)
(D)
(D)
4.0
1.3
2.5
5.7
(D)
5.5
2.4
5.0
6.8
(D)
R R
1.3
1.2
)
D
1
3)
D
D
)
)
°)
0
D
q
0
0
D0
( 0)
(D)
1.2
1.5
( )
D
)
D
)
D
)
D
)
D
)
D
)
D
)
D
)
0
(D)
°)
0
0
0
R
3.8
R
2.3
0
(D)
o"
^
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2.1
4.1
4.2
.3
0
.4
R
.9
1.4
D
n0
(D)
8
(°)
0
(D)
(D)
0
0
0
o"
n
SURVEY OF CURRENT BUSINESS
• October 1992
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
U.S. affiliates
SIC code
73
731
7311
7312
7313
7319
732
7322
7323
733
7331
7334
7338
7335,6
7335
7336
734
7342
7349
735
7352
7353
7359
736
7361
7363
737
7371,2,3
7371
7372
7373
7374,5,6
7374,5
7374
7375
7376
7377,8,9
7377
7378
7379
738
7381,2
7381
7382
7383
7384
7389
75
751
7513
7514,5
7514
7515
7519
752
753
7532
7538
7533,4,
6,7,9
7533
7534
7536
7537
7539
754
7542
7549
76
762
7622
7623,9
7623
7629
763
764
769
7692
7694
7699
78,79,84
781,2
7819
7829
783
7832
7833
784
792
7922
7929
793
79 ex.
792,3;
84
794
Industry
Number
of estab- Number of
lishments employees
Business services
Advertising
Advertising agencies ..
Outdoor advertising services
Radio, television, publisher representatives
Advertising, nee
Credit reporting and collection
Adjustment and collection services
Credit reporting services
Mailing, reproduction, stenographic
Direct mail advertising services
Photocopying and duplicating services
Secretarial and court reporting
Commercial photography, art and graphics
Commercial photography
Commercial art and graphic design
Services to buildings
Disinfecting and pest control services
Building maintenance services, nee
Miscellaneous equipment rental and leasing
Medical equipment rental
Heavy construction equipment rental
Equipment rental and leasing, nee
Personnel supply services
Employment agencies
Help supply services ..
Computer and data processing services
Computer programming, prepackaged software, and systems design
Computer programming services
Prepackaged software
.
.
Computer integrated systems design
Data processing services
Computer processing, information retrieval
Data processing and preparation
Information retrieval services
Computer facilities management
Computer rental, maintenance, and related services, nee
Computer rental and leasing
Computer maintenance and repair
Computer related services, nee
Miscellaneous business services
Detective agencies and protective services
Detective and armored car services
Security systems services
News syndicates
Photofinishing laboratories
Business services nee
Auto repair, services, and parking
Automotive rentals without drivers
.
Truck rental and leasing without drivers
Passenger car rental and leasing without drivers
Passenger car rental
Passenger car leasing
Utility trailer rental
Automobile parking
Automotive repair shops
Top and body repair and paint shops
General automotive repair shops
Other automotive repair shops
Auto exhaust system repair shops
Tire retreading and repair shops
Automotive glass replacement shops
Automotive transmission repair shops
Automotive repair shops nee
Automotive services except repair
Carwashes
Automotive services, nee
Miscellaneous repair services
Electrical repair shops
Radio and television repair
.
Other electrical repair shops
Refrigeration service and repair
Electrical repair shops nee
Watch clock and jewelry repair
Reupholstery and furniture repair
Miscellaneous repair shops
Welding repair
Armature rewinding shops
Repair services nee
Motion pictures, amusement services, and museums
Motion picture production and distribution
Services allied to motion pictures
Motion picture distribution services
.
Motion picture theaters
Motion picture theaters except drive-in
.
Drive-in motion picture theaters
Video tape rental
.
Producers orchestras entertainers
Theatrical producers and services
Entertainers and entertainment groups
Bowling centers
Commercial sports other amusement services and museums
Commercial sports
Sports clubs managers and promoters
7948
Racina. includina track ooeration
See footnotes at end of table.
7941
..
.
2,746
143
110
2
30
1
69
68
1
22
4
2
1
15
0
15
328
6
322
508
179
16
313
388
45
343
447
270
147
91
32
83
62
59
3
- 21
94
11
73
10
841
421
212
209
154
80
186
1,927
32
12
20
6
14
0
1,762
109
2
66
41
. . . .
.
. .
1
1
37
0
2
24
9
15
329
144
41
103
0
103
11
0
174
2
12
160
431
63
9
0
259
256
3
46
7
6
1
1
55
2
1
1
200,340
10,540
8,888
A
G
A
G
G
A
864
E
B
A
356
0
356
49,214
Payroll
2,892
401
352
21
12
0
12
358
/D\
60,661
358
22,189
13,481
5,836
5,329
2,316
5,152
4,993
H
C
159
3,556
1,060
1,611
885
49,061
32,644
J
I
G
I
5,584
5,473
1,215
232
983
F
E
0
H
1,061
A
594
G
F
G
0
G
E
0
5,040
6,529
912
793
50
0
26
5 33
|D\
JD\
R
840
562
259
222
81
153
149
R
126
29
57
40
758
476
D
)
129
5 11
1
2,1
1.C 00
56
3187
2 58
/[54
4 40
R
14
f 182
141
169
72
1,1j04
1,1)13
!D)
3
74
26
5
21
£8
^
i192
>47
43
>04
R
30
<2Dl
0
g( )
D
A
A
E
0
B
E
E
B
7,396
Number of
establishments
Shipments or
sales
C
K
1
G
C
H
G
L
<3
3
()
D
6,126
687
0
H
H
A
F
560
F
B
B
4,511
C
B
B
R(°\
3,184
807
2.377
R
R
582
0
3 |J
144
414
387
251
28
0
1, 535
1, 312
94
DO
3C
i
1,179
1,816
1,869
7,077
5,204
1,873
27,232
3,512
4,474
5,420
13,826
3,736
10,090
47,585
9,399
38,186
24,859
2,317
4,620
17,922
24,160
11,832
12,328
39,701
21,594
14,687
3,392
3,515
8,533
7,795
7,332
463
738
9,574
1,061
3,693
4,820
64,087
12,697
10,246
2,451
609
6,843
43,938
151,218
11,353
4,617
6,185
4,647
1,538
551
9,299
114,601
32,951
55,348
26,302
235
0
208
D
)
D
)
D
)
0
251,900
17,199
12,335
4,910
1,930
3,534
6,335
9,593
15,965
9,132
6,833
65,532
18,732
6,523
12,209
3,565
8,644
1,661
7,146
37,993
5,985
2,830
29,178
99,480
11,242
3,668
196
7,776
6,777
999
16,824
7,847
3,253
4,594
6,671
49,120
C
E
H
16,638
U.S. affiliates as a percentage
o
all U.S. businesses2
All U.S. businesses
Millions of dollars
Millions c f Hnllarc
Number of
employees '
4,414,436
181,594
133,957
13,278
17,921
16,438
82,830
52,644
30,186
210,629
79,931
37,785
22,879
70,034
17,608
52,426
745,962
64,793
681,169
185,268
18,377
38,019
128,872
1,397,082
134,351
1,262,731
637,409
306,211
184,222
55,701
66,288
234,356
215,828
202,707
13,121
18,528
96,842
8,671
53,280
34,891
973,662
475,764
434,550
41,214
7,815
82,474
407,609
785,290
134,584
52,321
79,123
68,918
10,205
3,140
45,692
485,566
162,814
202,564
120,188
Payroll
Shipments
or sales
66,456
5,537
4,399
166,322
14,278
10,213
318
473
347
1,415
889
525
3,945
1,325
607
351
1,662
370
1,293
6,555
1,073
5,483
3,579
349
910
2,320
13,590
2,024
11,566
19,142
10,539
6,287
2,052
2,200
5,440
4,935
4,580
355
505
3,163
320
1,717
1,127
12,693
5,040
4,260
781
218
1,116
6,319
1,484
1,295
1,286
4,124
2,146
1,979
12,407
4,098
1,978
1,087
5,244
1,185
4,059
13,185
2,673
10,513
14,719
1,499
3,335
9,884
19,924
3,873
16,051
54,099
27,154
14,170
5,894
7,090
16,443
15,244
14,068
1,176
1,198
10,502
2,166
5,749
2,588
33,584
8,851
6,633
2,218
783
4,002
19,947
11,690
2,366
51,423
16,441
6,359
9,836
6,908
2,928
1,076
1,240
1,019
221
50
491
7,727
2,698
3,062
1,966
246
2,639
28,664
Establishments
Employment
1.1
4.5
5.8
.8
.9
.2
1.7
.1
1.0
1.3
.1
.1
.1
.1
.1
.1
0
.1
.7
.1
.8
2.0
7.7
.3
1.7
1.6
.4
2.8
1.1
1.3
1.0
2.7
.9
1.0
.8
.8
.6
2.8
1.0
1.0
2.0
.2
1.3
3.3
2.1
8.5
1.2
.4
1.3
.3
.3
.3
.1
.9
0
18.9
11,872
7,479
21,706
13,808
18,107
26,265
40,302
119,448
76,566
42,882
372
223
316
417
638
1,106
548
558
1,467
1,104
1,278
1,394
2,237
3,679
1,802
1,877
.1
.1
1.0
0
.1
.2
.1
.2
345,836
107,378
32,091
75,287
20,512
54,775
5,259
23,836
209,363
24,778
27,255
157,330
6,416
2,107
530
1,576
464
1,112
69
289
3,951
391
596
2,965
15,474
4,973
1,997
38
584
551
34
581
1,607
745
862
702
7,026
20,838
6,597
.5
.8
.6
.8
0
1.2
.7
0
.5
.1
.4
.5
.4
.6
.2
0
3.3
3.8
.3
.3
.1
.2
.1
.1
.1
2,047
5,023
1,354
693
1,904
3.119
1,094,396
171,328
87,955
1,079
94,086
89,613
4,473
79,559
55,226
31,534
23,692
99,780
594,417
75,523
26,566
48.957
1,623
4,974
1,521
3,453
231
882
13,128
1,238
1,944
9,946
57,638
19,917
4,557
106
3,977
3,809
168
2,687
4,904
2,543
2.361
2,540
23,613
D'
8
(D)
.1
.1
.1
4.4
7.3
8.0
(D)
D
)
Ship
men
or
sale
3
6
7
D
D
D
4
D)
5
(D)'4
(D)
5
0
.7
6.6
.7
0
.9
5.5
R
§(D
16
1R
4.3
4.4
3.2
9.6
3.5
2.2
2.3
4.4
5.3
4.1
10.8
3.7
2.8
3.0
il il
3.7
12.2
3.0
2.5
5.0
6.9
(D)
25.3
.1
.1
.1
.2
9,312
66
Payroll
1.4
.7
.9
.4
1.2
D
)
D
)
0
D>
2
",
n
n
R
0
(D)
s
4.0
9.0
3.3
3.6
6.0
9.4
(D)
D
)
D
)
D
)
2.0
.6
1.1
.4
1.7
R
0
".a
(°)
.4
(D)
0
)
)
D
)
D
)
3.2
D
)
D
4
\
i
^3
8
3
2
2
1
3
6
2
2
A
11
•
1
1
0
(
(
(
;
D
2.1
(D)
R
0
1
,
^
0
(DD)
()
0
2.4
1.5
3.6
.8
0
3.6
2.5
5.0
1.4
0
R 3
II 13
§ R')
D
.8
"!»
(
0
1.2
i
0
SURVEY OF CURRENT BUSINESS
October
Table 1.—Data for U.S. Affiliates and All U.S. Businesses, by Industry of Establishment, 1987—Continued
Millions of dollars
Millions of dollars
SIC code
79 ex.
792,
3,4;
84
791
7991
7992
7993
7996
7997
7999,84
80
801
802
803
804
8041
8042
8043,9
8043
8049
805
8051
8052,9
8052
8059
806
8062
8063
8069
807,8,9
807
8071
8072
8082
809
8092
8093
8099
81
823,4,9
823
824
8243
8244
8249
829
83
835
832,3,
6,9
832
833
836
839
87 ex.
8733
871
8711
8712
8713
872
873 ex.
8733
8731
8732
8734
874
8741
8742
8743
8744
8748
89
Industry
Museums, other amusement services except sports
Dance studios, schools, and halls
Physical fitness facilities ..
Public golf courses
Coin-operated amusement devices
Amusement parks
Membership sports and recreation clubs
Museums, amusement, nee
Health services
Offices and clinics of medical doctors
Offices and clinics of dentists ..
Offices of osteopathic physicians
Offices of other health practitioners
Offices and clinics of chiropractors
Offices and clinics of optometrists
Offices of podiatrists and other health practitioners
Offices and clinics of podiatrists
Offices of health practitioners, nee
Nursing and personal care facilities
Skilled nursing care facilities
Other personal care facilities
Intermediate care facilities
Nursing and personal care, nee
Hospitals
General medical and surgical hospitals
Psychiatric hospitals
Specially hospitals except psychiatric
Other health services
Medical and dental laboratories
Medical laboratories
Dental laboratories
Home health care services ..
Health and allied services, nee
Kidney dialysis centers ....
Specially outpatient clinics, nee
Health and allied services, nee
Legal services
Selected educational services ...
Libraries
Vocational schools
Data processing schools
Business and secretarial schools
Vocational schools, nee
Schools and educational services, nee
Social services
Child day care services
Other social services
Individual and family services
Job training and related services
Residential care
Social services, nee
Engineering and management services, except noncommercial research
Engineering and architectural services
Engineering services .
Architectural services
Surveying services
Accounting auditing and bookkeeping
Research and testing services, except noncommercial research
Commercial physical research
Commercial nonphysical research
Testing laboratories .
Management and public relations
Management services
Management consulting services
Public relations services
Facilities support services
Business consulting, nee
Services nee
Administrative and auxiliary
U.S. affiliates as a percentage
all U.S. businesses2
All U.S. businesses
U.S. affiliates
Shi
Payroll mer
or
sale
Number of
establishments
Number of
employees '
188
45,936
518,894
4,979
18,590
.1
.8
1.2
0
16
30
4,016
9,376
2,736
4,450
744
7,659
16,955
19,759
104,917
24,239
24,924
60,414
112,724
171,917
112
745
299
297
820
1,173
1,534
383
2,571
1,113
1,396
3,470
3,700
5,957
0
.1
.4
.1
.7
.2
.1
0
.6
3.0
(D)
(D)
2.4
.2
0
.8
4.1
406,753
195,502
104,151
7,314
55,555
20,065
15,972
19,518
7,474
12,044
13,415
9,482
3,933
2,407
1,526
1,395
885
373
137
29,421
14,841
6,871
7,970
5,080
9,500
711
5,287
3,502
3,592,482
1,131,603
491,536
35,572
188,835
58,041
57,900
72,894
21,969
50,925
961,598
798,425
163,173
119,829
43,344
366,495
294,133
54,358
18,004
416,843
131,822
91,114
40,708
184,793
100,228
13,102
51,320
35,806
78,820
43,856
8,760
967
3,193
900
893
1,400
404
996
9,465
7,996
1,469
1,047
422
6,582
5,243
1,020
319
5,997
2,567
1,884
683
1,578
1,851
243
1,058
550
182,289
90,462
24,017
2,119
10,341
3,275
3,450
3,615
1,278
2,337
20,063
16,938
3,125
2,191
934
19,720
15,891
2,930
899
15,568
7,114
5,518
1,596
3,024
5,430
825
2,949
1,656
.2
.1
.1
0
.1
0
.1
.1
.1
.1
1.3
1.1
1.8
2.7
.2
1.9
2.8
0
.7
2.4
1.8
3.9
0
3.7
2.7
0
1.7
4.7
1.3
(°)
138,222
807,599
26,078
66,998
.1
14
42
10,596
109,432
1,657
4,882
.4
.9
.9
0
6
0
0
19
J)
178
3,702
721
909
2,072
6,716
902
65,267
8,038
25,346
31,883
43,263
13
1,086
161
380
545
558
33
3,058
459
908
1,692
1,791
0
.5
0
.1
.8
.3
0
.4
0
D
( )
(D)
1.8
0
.6
0
43,071
26,809
16,262
357,343
199,666
157,677
2,971
1,307
1,664
7,330
2,944
4,386
.1
.1
.1
.4
Number
of establishments
Number of
employees
53
4,386
57
0
8
11
1
5
19
9
0
622
722
A
B
2,738
273
0
6
12
941
4
20
0
4
0
2
2
1
1
176
107
69
66
3
26
25
0
1
711
271
271
0
188
252
0
89
163
46,576
48
E
0
A
0
A
A
A
A
16,221
10,494
I
1
C
1
1
0
C
23,688
5,404
5,404
0
J
H
0
C
G
6
C
(D)
39
1,028
0
18
0
1
17
21
0
252
0
A
C
776
51
35
16
1,306
F
F
1
1
13
1
A
A
455
C
995
Shipments or
sales
Payroll
R
R
36
2
129
9
541
2
1,327
(
1
5
ti
114
°i
fl91
91
0
R
R
0
H
0
(D)
0
272
n
597
273
273
0
R
8
oj
17
52
R
R
R
R
Payroll
Shipments
or sales
Establishments
13
(D)
3,289
4,519
1,777
8,516
1,450
24,852
24,149
98,407
10,269
297
363
882
123
729
795
2,490
373
.1
.1
.2
.1
34,210
4
(D)
1,255
204,963
1,969,187
53,508
127,344
386
322
28
36
13
313
15,492
13,716
1,446
330
902
8,848
625
564
51
10
36
269
1,945
1,761
157
27
16
567
62,299
36,086
17,777
8,436
69,773
12,390
746,983
558,384
136,809
51,790
448,143
222,219
23,175
18,216
3,953
1,006
10,204
5,615
47
40
226
283
123
90
38
5
27
2,758
1,732
4,358
8,968
4,340
1,951
1,727
306
644
105
53
111
325
142
84
67
8
24
196
111
260
760
376
172
148
12
52
3,522
5,574
3,294
60,501
17,543
28,535
5,060
452
8,911
92,653
85,190
44,376
551,842
226,509
186,224
29,854
56,843
52,412
Employment
T( )1
D
0
1.7
1.3
( )
(D)
D
n
(DD)
( 0)
'17
4.1
5.9
0
(D)
(D)
0
.2
.7
.1
(D)
0
(D)
0
1.8
1.4
R
R
(°)u
(D
(D
6>
|
1
•
/
0
I
0
i(
R R
()
(°)
D
R
1.4
.6
R R
R R
.5
.5
(D)
1.7
.5
(D)
2.3
53,563
41,615
9,855
2,094
24,483
14,184
.6
.9
.2
.4
.1
2.5
2.1
2.5
1.1
.6
.2
4.0
2.7
3.1
1.3
1.0
.4
4.8
3,014
1,578
1,022
14,515
5,238
5,613
794
1,586
1,283
7,210
4,579
2,395
35,114
12,710
13,268
2,102
3,708
3,326
1.3
.7
6.9
.5
.7
.3
.8
1.1
.3
3.0
2.0
9.8
1.6
1.9
1.0
5.8
.5
1.2
3.5
3.4
10.8
2.2
2.7
1.5
8.4
.5
1.8
.1
16
E
(D)
434
(D)
n.a.
22,046
62,984
1,433
15,631
6,628
281,657
8,122
3,775
n.a.
3.8
(D)
5.6
(D)
5.3
Private education and noncommercial establishments
14
225
6
13
175,829
6,736,670
117,976
267,490
.1
.1
.1
Unclassified establishments
47
567
15
n.a.
171,801
221,842
5,128
n.a.
.1
2
.3
0
0
C
4.3
3.6
4.8
0
(D)
251
n.a. Not available.
D
Suppressed to avoid disclosure of data of individual companies.
1. For some industries, the data shown in this column are rounded to the nearest 100 employees because, in
the Census Bureau publications from which they were taken, they were rounded on this basis.
2. In accordance with Census Bureau practice, percentages between 0 and 0.15 are shown as 0.1.
3. Includes "land subdivides and developers, except cemeteries" (SIC 6552).
4. Excludes railroads.
NOTE.—Size ranges are given in employment cells that are suppressed. The size ranges are: A—0 to 19; B—
0
0
0
1
I
'
(
i
i
1'
;
•
n
n
20 to 99; C-100 to 249; E-250 to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; 1-5,000 to 9,999;
J-10,000 to 24,999; K-25,000 to 49,999; L-50,000 to 99,999; M-100,000 or more.
In this table, unlike in most BEA tables published elsewhere on direct investment, petroleum is not shown as
a separate major industry. Instead, in order to be consistent with Census Bureau practice, data for the various
petroleum subindustries 'are distributed among the other major industries. Thus, manufacturing includes petroleum
and coal products, wholesale trade includes petroleum wholesale trade, retail trade includes gasoline service stations,
and so on.
SIC Standard Industrial Classification
72 • October 1992
SURVEY OF CURRENT BUSINESS
Table 2.-Number of Establishments of U.S. Affiliates, Industry of Establishment by Country of UBO, 1987
Europe
Asia and Pacific
Latin
America
and
Other
Western
Hemisphere
Of which:
All countries
Canada
Germany.
Nether- SwitFederal
lands zerland
Republic of
Total
France
All Industries
Agricultural services, forestry, and fishing
Mining
Coal
Other
Food and kindred products
Beverages
Other
Textile mill products
Apparel and other textile products
Lumber and wood products
Furniture and fixtures
Paper and allied products
..
NewsDaoers
otneT;.. zzzzzzzzzzzzzzzzzzzz
Chemicals and allied products
Industrial inorganic chemicals
Plastics materials and synthetics
Industrial organic chemicals
Drugs
Soap, cleaners, and toilet goods
Other
Petroleum and coal products manufacturing
Rubber and miscellaneous plastics products
Stone clay and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Household audio and video equipment
Communications equipment
Electronic components and accessories
Other
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related
products
Other manufacturing2
Administrative and auxiliary
_
.
.....
.
Transportation and public utilities3
Transportation
Electric gas and sanitary services
Administrative and auxiliary
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies .
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
Administrative and auxiliary
. .
,.
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other retail trade, including administrative and auxiliary
Banking
Other finance
Real estate
Administrative and auxiliary
Services
Hotels and other lodoina olaces
Business services
.
Computer and data processing services
Other business services
Motion pictures, amusement services, and museums
Engineering, architectural, and surveying services
Accounting auditing and bookkeeping
Research and testing services
Management and public relations
Health services
Other services
Administrative and auxiliary
Private education and noncommercial establishments
Unclassified establishments
.. ..
Australia
Japan
12,251
40,096
5,508
3,450
16,542
2,262
337
5,284
635
96
4
54
5
0
7
10
25
12
0
3
23
0
23
0
1,299
251
78
173
660
98
562
91
5
86
48
25
23
108
26
82
14
0
14
333
34
299
101
0
101
76
2
74
43
4
39
159
17
142
95
10
85
25
9
2
7
4,041
5,916
10,007
1,290
1,443
4
21
643
95
411
67
43
23
91
117
18
1
11
106
38
56
1
8,151
747
93
654
116
57
130
69
273
456
128
328
1,148
332
115
141
108
98
354
1,017
83
11
72
19
10
25
5
42
184
105
79
109
16
29
17
4
10
33
5,710
556
57
499
79
33
93
51
181
221
16
205
897
297
65
118
90
80
247
657
85
16
69
4
1
5
4
4
0
0
0
150
115
4
10
3
3
15
754
24
3
21
16
11
4
7
9
19
3
16
173
16
25
42
14
28
48
470
49
3
46
4
1
0
8
6
9
0
9
90
7
10
13
15
14
31
478
85
5
80
5
0
4
3
6
6
0
6
93
5
4
21
23
15
25
2,499
259
28
231
41
15
49
10
31
155
13
142
296
139
13
22
20
16
86
161
9
2
7
0
4
1
0
5
10
1
9
7
1
0
1
5
0
0
60
3
0
3
0
0
0
0
7
12
0
12
6
6
0
0
0
0
0
68
3
0
3
0
0
2
0
5
1
1
0
7
0
0
0
0
5
2
1,099
93
23
70
18
10
9
13
32
19
5
14
122
12
21
5
9
3
72
175
17
3
14
0
3
1
1
0
12
4
8
8
3
0
0
0
1
4
718
60
17
43
9
7
6
3
31
7
1
6
103
9
19
4
8
2
61
36
0
0
0
0
0
0
0
213
417
849
311
401
675
56
619
562
24
89
182
267
163
97
66
320
170
1,074
15
71
33
59
85
54
4
50
39
2
12
14
11
21
13
8
16
9
138
159
276
623
166
240
494
34
460
417
7
60
126
224
97
55
42
241
123
763
61
24
60
24
16
30
7
23
41
2
9
11
19
6
2
4
10
15
117
2
32
24
25
36
109
4
105
72
0
8
18
46
23
20
3
49
9
110
14
29
51
7
21
25
5
20
58
1
5
27
25
4
0
4
11
11
72
0
12
33
11
17
36
0
36
26
1
5
3
17
3
0
3
38
7
93
66
137
394
58
111
179
13
166
171
3
29
59
80
48
21
27
116
61
302
5
1
17
6
16
15
4
11
13
0
5
5
3
4
0
4
19
7
22
0
2
4
7
0
5
0
5
4
0
0
3
1
1
1
0
5
0
4
0
1
3
9
11
8
0
8
0
0
0
0
0
4
0
4
4
0
10
34
66
169
53
46
94
14
80
86
15
11
32
28
35
28
7
35
31
134
0
11
40
13
17
5
0
5
6
0
0
3
3
1
1
0
5
18
17
4
39
77
36
23
72
12
60
71
13
11
28
19
33
27
6
29
13
95
0
0
0
11
3
5
0
5
3
0
1
2
0
1
0
1
0
0
3
2,164
1,779
101
211
73
312
194
22
84
12
977
823
28
98
28
125
30
10
82
3
101
95
4
1
1
234
227
0
0
7
110
102
1
3
4
292
259
11
10
12
83
53
27
0
3
37
6
0
21
10
76
58
15
1
2
674
640
9
7
18
352
327
9
6
10
249
242
0
1
6
5
5
0
0
0
12,789
839
1,234
564
1,357
2,016
1,332
862
222
3,583
780
1,405
9
87
68
112
142
91
80
5
747
64
8,362
535
748
312
811
1,396
940
615
160
2,389
456
1,353
82
231
30
64
182
168
93
110
332
61
1,359
155
128
88
142
380
77
46
0
281
62
808
2
76
10
106
87
24
67
6
384
46
711
2
28
8
123
82
85
140
24
122
97
2,899
166
214
89
282
410
365
243
1
1,008
121
369
25
5
14
44
109
33
29
3
83
24
90
21
5
9
1
35
1
6
0
8
4
119
49
11
0
6
29
5
5
0
7
7
2,421
200
378
148
382
300
260
126
54
348
225
144
13
22
10
1
6
44
5
1
33
g
2,041
172
350
133
370
238
194
75
51
257
201
23
0
0
13
1
5
2
1
0
1
0
24,403
822
4,143
6,919
12,519
7,423
135
468
2,733
4,087
15,556
591
3,546
3,826
7,593
1,269
0
634
30
605
2,139
259
1,540
124
216
3,322
242
237
1,268
1,575
649
31
0
35
583
6,993
53
305
2,354
4,281
462
34
15
19
394
18
0
0
1
17
192
1
0
39
152
720
61
113
280
266
357
18
93
166
80
213
10
20
23
160
32
0
1
21
10
8,316
3,364
2,170
1,836
850
96
962
27
151
438
340
6
3,915
1,891
829
890
259
46
137
57
51
7
17
5
1,241
986
126
74
38
17
379
19
105
196
57
2
354
6
110
199
37
2
943
246
209
400
77
11
364
70
145
90
59
0
43
2
38
0
2
1
458
372
41
6
36
3
2,159
1,002
957
15
149
36
56
6
25
4
1S
1,447
435
887
11
88
26
415
0
9
397
5
4
9,058
421
2,746
447
2,299
431
386
13
313
283
941
3,273
251
809
14
219
94
125
286
30
3
17
9
190
26
15
4,451
315
1,490
272
1,218
75
279
8
259
198
442
1,273
112
336
12
143
68
75
46
59
0
4
12
2
41
17
232
5
79
64
15
1
30
0
6
10
55
37
9
159
18
80
16
64
A
2
3
8
13
0
15
16
1,037
29
404
74
330
1
25
1
186
10
348
15
18
2,440
236
694
44
650
18
141
3
46
136
36
1,085
45
693
7
581
34
547
6
18
2
2
16
15
17
29
11
0
4
2
2
C
2
0
0
4
0
0
1
324
20
70
3
67
22
0
0
13
183
8
5
2,658
61
358
28
330
60
34
0
33
39
39
1,946
88
223
1
142
6
136
44
1
0
1
7
1
16
10
525
39
186
18
168
12
31
0
30
24
38
147
18
112
4
24
14
10
1
1
0
2
4
72
3
1
14
47
0
11
7
21
1
3
1
2
0
2
1
0
2
7
1
3
0
0
1
6
8
1. Includes "land subdivides and developers, except cemeteries" (SIC 6552).
2. Consists of the following SIC two-digit industries: Tobacco products, leather and leather products, and miscellaneous manufacturing industries.
3. Excludes railroads.
United
States
Total
66,878
201
1,098
Constructionl
United
Kingdom
Of which:
Middle
East
Africa
1
t
1
9
0
9
0
0
0
0
0
0
0
0
2
NOTE.—In this table, unlike in most BEA tables published elsewhere on direct investment, petroleum is not shown
as a separate major industry. Instead, in order to be consistent with Census Bureau practice, data for the various
petroleum subindustries are distributed among the other major industries. Thus, manufacturing includes petroleum
and coal products, wholesale trade includes petroleum wholesale trade, retail trade includes gasoline service stations,
and so on.
SURVEY OF CURRENT BUSINESS
October 1992 •
73
Table 3.—Employment of U.S. Affiliates, Industry of Establishment by Country of UBO, 1987
Europe
All countripc
ulcS
All Industries
Agricultural services, forestry, and fishing
Mining
Coal
Other
Manufacturina
Food and kindred products
Beverages
Other
Textile mill products ...
Apparel and other textile products
Lumber and wood products
Furniture and fixtures .
Paper and allied products
Printing and publishing
Newspapers
Other
Chemicals and allied products
Industrial inorganic chemicals
Plastics materials and synthetics
Industrial organic chemicals
Drugs
Soap, cleaners, and toilet goods
Other
Petroleum and coal products manufacturing
Rubber and miscellaneous plastics products
Stone, clay, and glass products ....
Primary metal industries
Fabricated metal products
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Household audio and video equipment
Communications equipment
Electronic components and accessories
Other
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related
products
Other manufacturing2
Administrative and auxiliary
Transportation and public utilities3
Transportation
Communication
Electric, gas, and sanitary services
Administrative and auxiliary
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum ..
Electrical goods
Machinery, equipment, and supplies
Other durable goods ..
Groceries and related products
Farm-product raw materials
Other nondurable goods
Administrative and auxiliary
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other retail trade, including administrative and auxiliary
Finance, insurance, and real estatel
Banking
Other finance
Insurance
Real estate
Administrative and auxiliary
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, amusement services, and museums
Engineering, architectural, and surveying services
Accounting, auditing, and bookkeeping
Research and testing services
Management and public relations
Health services
Other services
Administrative and auxiliary
Private education and noncommercial establishments
Unclassified establishments
Of which:
Canada
Total
Pronto
rrance
Netherlands
Switzerland
United
Kingdom
Asia and Pacific
Of which:
Middle
Pact
tasi
Africa
Total
United
Ofatac
oiaies
Australia
Japan
3,228,896
540,403
1,975,312
181,894
391,596
254,396
214,413
661,804
139,259
18,981
66,160
459,768
86,577
296,139
2,106
121
G
c
0
B
E
F
F
0
72
102
0
102
0
97,622
26825
70,797
24,055
j
J
K
12960
33,735
2,915
2.934
H
E
J
H
I
338
J
3.333
c
10,581
2,496
8^085
6,636
E
E
338
22,329
4,899
17,430
c
51,422
5,876
32,872
1,311,398
110,164
12,239
97,925
29,319
9,466
13,849
15,406
43,261
51,761
12,300
39,461
171,759
18,088
46,826
31,038
33382
14,100
28,325
211,295
16,595
H
J
8,152
1,579
3,045
478
9,630
19,708
I
J
K
H
J
I
F
F
I
870,477
84,912
7,365
77,547
15,619
5,534
9,958
11,637
27,622
22,946
589
22,357
114,972
10,885
J
J
28,960
12,573
19,201
18,201
64,220
64,525
78,119
61,434
115,976
23,064
92,912
170,320
14,929
36,112
50,093
69,186
55,783
40,456
15,327
72,839
34,284
130,712
G
12,096
3,484
14,449
10,942
9,886
1,576
8,310
J
E
J
H
G
H
1,976
G
I
E
26,658
94,284
74,121
6,840
8,985
4,338
29,013
H
2,114
488
1,626
I
G
F
G
J
1,018
2,161
6,337
G
A
E
10,537
3,972
5,984
A
92,981
11,559
G
I
E
A
379
G
E
0
0
0
8,344
H
521
2,464
B
E
G
167,143
2,415
158
2,257
2,824
2,174
941
H
1,321
2,691
168
2,523
44,105
1,421
16,333
10,212
99,839
85,391
23,852
F
J
1,151
0
E
C
794
G
0
G
18,490
E
E
3,315
9584
1,953
2,950
309,577
32,460
4,589
27,871
9,286
2,866
4,409
G
6,651
11,550
421
11,129
24,058
4,601
1,656
2,602
6,637
3,087
5,475
47,204
G
B
G
0
G
B
0
F
H
C
G
I
G
0
B
H
0
0
8,222
411
0
411
0
0
0
0
G
F
0
F
F
F
0
0
8,967
C
0
C
0
0
C
0
F
A
A
0
E
0
0
0
2,491
I
E
1
F
C
0
G
G
473
0
473
13,200
E
1,303
2,477
2,527
H
G
0
0
E
B
156,225
6,824
G
H
5,548
G
F
3,291
3252
1
H
1,873
6,478
470
G
387
F
E
G
25,232
1,143
F
E
0
C
A
B
0
H
H
G
673
C
0
0
0
E
E
109,353
4,350
G
H
1,431
854
301
E
3,221
409
C
E
4,205
E
G
211
969
C
G
9,008
0
0
0
0
0
0
0
B
E
0
E
0
0
0
0
0
0
0
13,646
42,209
42,832
32,896
37,734
82,419
j
L
120,810
I
J
35,107
62,191
35,971
25,325
10,646
53,965
26,707
88,088
1,569
8,326
7,612
10,011
1,568
10,940
I
I
3,674
1,714
1,413
1,661
3,292
1,908
1 384
K
H
1,215
J
J
E
0
E
J
G
14,945
0
1,448
3,182
2,479
1,231
4,336
0
4336
3,823
B
F
C
2,996
C
0
C
4,913
1,138
15,506
4,137
14,270
23,783
6,396
20,047
26,483
2,811
23672
37,156
151
8,976
8,277
19,752
14,776
6,455
8,321
25,299
J
27,256
2,365
A
I
G
I
2,405
G
F
3,080
0
G
510
E
F
0
F
I
E
6,588
0
E
F
G
0
E
0
E
E
0
0
C
B
C
C
0
F
0
F
0
C
C
1,891
G
1,399
0
1,399
0
0
0
0
0
G
0
G
C
0
E
E
I
11,523
20,242
3,529
19,282
8,177
11,105
26,854
9,493
2,765
9,411
5,185
J
J
1,070
H
6,730
8,060
0
G
3,943
H
1,053
484
i 0
484
G
0
0
F
F
B
B
0
F
4,659
C
6,260
4,940
14,908
1,637
17,418
; 8,109
, 9,309
24,214
8,910
2,765
8,434
4,105
13,629
12,965
664
3,069
2,071
5,847
0
0
0
11,546
G
4,226
1,619
H
4,989
H
G
G
H
8,092
C
9,849
3,363
5,560
8,168
17,511
834
16677
24,145
0
2,904
J
I
11,537
11,232
305
9,369
F
16,693
F
E
0
E
G
0
C
G
0
A
0
A
0
0
E
22,400
J
2,216
3,146
E
27,735
21,717
1,665
H
G
3,462
F
370
1,925
C
3,574
H
C
A
A
1
H
0
0
372
1,821
1,774
A
B
A
10,497
I
G
F
1,063
3,012
G
F
0
B
H
B
0
H
F
H
H
F
A
F
33,251
31,065
G
A
F
21,865
19,933
G
A
F
1
1
0
A
C
B
B
0
0
0
343,348
30,233
48,574
10,171
41,008
36,116
27,315
31,811
4,312
74,972
38,836
36,887
382
3,483
815
H
2,509
G
4,185
C
J
4,937
207,584
15,709
26,450
5,562
16,424
23,653
17,492
23,314
3,384
50,880
24,716
31,934
2,479
6,072
799
1,438
4,176
2,168
2,410
G
I
2,260
43,634
5,040
8,507
1,797
4,155
6,787
1,597
I
0
I
4,821
22,038
E
3,253
130
2,161
899
F
2,071
328
8,119
3,930
18,372
B
937
217
1,100
2,110
G
H
F
5,902
2,417
65,664
3,892
5,192
1,597
5,478
5,728
7,817
8,553
C
J
7,771
9,778
2,104
B
E
1,346
2,447
584
337
C
1,981
488
1,886
E
B
E
B
796
A
C
0
28
80
2,925
G
F
0
174
293
62
B
0
E
267
84,042
J
17,917
2,976
J
6,309
6,944
3,805
'F
8,426
8,348
3,842
C
G
104
B
89
386
C
A
1,026
680
73,265
10,106
15,948
2,742
17,319
5,710
6,181
2,230
609
5,389
7,031
246
0
0
B
16
109
B
A
0
A
0
628,793
104,737
200,816
73,893
249,347
173,563
K
29,272
29,031
L
412,668
59,300
167,167
39,242
146,959
19,360
0
10,487
300
8,573
104,775
3,686
L
1,291
J
93,764
K
J
J
J
17,368
•' I
0
E
J
121,138
J
J
18,786
L
11,600
4,621
B
G
5,747
212
0
B
C
G
B
0
G
1,136
27,428
J
H
G
9,989
8,458
G
H
G
1,679
8580
G
399
340
I
F
0
A
F
C
310,852
107,525
86,368
76,572
21,661
18,726
30,531
1,661
4,550
10,548
J
E
162,937
57,114
36,472
50,252
3,990
15,109
4,989
2,649
1,415
173
C
F
43,445
J
1
H
438
1
14,255
1,776
G
J
817
C
19,266
745
I
J
537
C
49,693
11,413
10,197
24,907
1,638
G
9,109
H
3,186
G
444
0
G
B
G
0
A
A
J
9,734
1,186
B
F
B
80,598
35,680
38,505
F
H
2,942
2,232
666
814
C
561
A
57,889
16,935
K
E
1,712
H
J
0
G
J
C
C
390,674
46,987
200,340
22,189
178,151
16,638
15,492
902
8,848
8,968
46,576
30,292
15,631
37,126
1,746
6,307
2,525
3,782
7,717
1,881
B
839
E
16,615
1,052
615
212,928
J
123,121
16,085
107,036
2,180
9,170
C
7,182
6,425
J
21,523
7,594
17,724
2,368
7,115
3,492
3,623
E
1,868
0
F
F
A
G
H
15,503
184
3,333
2,976
357
A
2,285
0
188
491
7,573
G
359
5,959
1,694
2,501
1,908
593
C
B
C
643
302
0
C
E
69,352
I
50,501
H
K
A
401
B
H
E
I
798
1,604
75,596
I
36,037
4,199
31,838
1,200
3,895
34
2,072
4,075
419
16,402
2,029
45,907
599
38,178
1,335
36,843
E
1,316
F
B
360
C
G
2,606
E
0
C
B
B
0
B
0
0
118
0
0
B
33,568
2,900
J
B
J
B
H
0
0
352
J
C
E
57,204
J
19,452
F
J
I
F
0
F
1,129
G
I
H
14,460
E
7,692
C
I
I
A
0
A
54
A
467
E
31,596
11,104
11,371
618
10,753
745
478
0
478
713
G
H
H
H
1,610
G
G
B
A
B
0
C
E
B
A
B
225
567
0
88
C
431
A
A
A
A
0
B
A
0
B
E
A
A
0
A
0
A
B
B
B
B
A
A
0
A
c
H
1. Includes "land subdivides and developers, except cemeteries" (SIC 6552).
2. Consists of the following SIC two-digit industries: Tobacco products, leather and leather products, and miscellaneous manufacturing industries.
3. Excludes railroads.
NOTE.-Size ranges are given in employment cells that are suppressed. The size ranges are: A-0 to 19; B20 to 99; C-100 to 249; E-250 to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; 1-5,000 to 9,999;
~
vaermany,
Federal
Republic
of
Latin
America
and
Other
Western
Hemisphere
o
o
J
o
o
o
;628
I
J—10,000 to 24,999; K—25,000 to 49,999; L—50,000 to 99,999; M—100,000 or more.
In this table, unlike in most BEA tables published elsewhere on direct investment, petroleum is not shown as
a separate major industry. Instead, in order to be consistent with Census Bureau practice, data for the various
petroleum subindustries are distributed among the other major industries. Thus, manufacturing includes petroleum
and coal products, wholesale trade includes petroleum wholesale trade, retail trade includes gasoline service stations,
and so on.
SURVEY OF CURRENT BUSINESS
October 1992
Table 4.—Employment of U.S. Affiliates, by Industry of Establishment, Total and Percent Distribution by Country of UBO, 1987
Percentage of U.S.-affiliate employment accounted for by affiliates with UBO's in:
Europe
Employment by
U.S. affili- All counCanada
ates
tries
(1)
All industries
Agricultural services, forestry, and fishing
Minina
Coll
'
'
Other
Construction *
Food and kindred products
Beverages . . .
Other
Textile mill products .
Apparel and other textile products
Lumber and wood products . . . .
Furniture and fixtures
Paper and allied products
Printing and publishing
Newsoaoers
other . ..:'::".;..".'".:"."":'.:".""'".""'""".'
Chemicals and allied products
Industrial inorganic chemicals
Plastics materials and synthetics
Industrial organic chemicals
Drugs
Soap cleaners and toilet goods
Other
Petroleum and coal products manufacturing
Rubber and miscellaneous plastics products
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
Office and computing machines
Other
Electric and electronic equipment
Household audio and video equipment
Communications equipment ..
Electronic components and accessories
Other
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related
products
Other manufacturing2
Administrative and auxiliary
Transportation and public utilities3
Transportation
Communication
Electric, gas, and sanitary services
Administrative and auxiliary
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-prdduct raw materials
Other nondurable goods
Administrative and auxiliary
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other retail trade, including administrative and auxiliary
Finance insurance, and real estate l
Banking
Other finance
Insurance
Real estate
Administrative and auxiliary
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, amusement services, and museums
Engineering, architectural, and surveying services
Accounting auditing, and bookkeeping
Research and testing services
Management and public relations
Health services
Other services
Administrative and auxiliary
Private education and noncommercial establishments
Unclassified establishments
. .
'.
3,228,896
2,106
97,622
26,825
70,797
51,422
1,311,398
110,164
12,239
97,925
29,319
9,466
13,849
15,406
43,261
51,761
12,300
39,461
171,759
18,088
46,826
31,038
33,382
14,100
28,325
18,201
64,220
64,525
78,119
61,434
115,976
23,064
92,912
170,320
14,929
36,112
50,093
69,186
55,783
40,456
15,327
72,839
34,284
130,712
94,284
74,121
6,840
8,985
4,338
343,348
30,233
48,574
10,171
41,008
36,116
27,315
31,811
4,312
74,972
38,836
628,793
104,737
200,816
73,893
249,347
310,852
107,525
86,368
76,572
21,661
18,726
390,674
46,987
200,340
22,189
178,151
16,638
15,492
902
8,848
8,968
46,576
30,292
15,631
225
567
(3)
(2)
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
Of which:
Total
(4)
Germany,
Federal NetherFrance Republic
lands
of
(5)
17
61
6
12
8
6
25
37-93
14-35
11
47-100
26-51
48
48
64
66
77
60
79
53
58
72
76
64
44
5
57
67
60
21-53
32-61
87
89
68
75
66
66
42
61
71
43-100
54-100
71
33-67
28-69
70
90
64
63
69
74
78
67
29
29
24
28-56
23-58
60
52
54
55
40
65
64
73
78
68
64
66
57
83
53
59
52
53
42
66
18
81
55
21-53
61
72
60
13
59
11-28
81
72
21-54
71
49
44-100
76
5-12
0
3
1-5
16
15
20-41
10-26
28
17
22
3
22
38
41-81
25-63
15-29
14-28
21-53
16-32
1-3
4-7
18-35
5-14
19
5
18
18
9
7
9
6-15
2-3
28-69
5-10
1-4
4-9
5
7-16
7-14
1
20
24
13-34
32
35
6-12
11
1
7
8
6-12
7
4-9
13
2-6
13-33
13
28
24-48
15
39
2IMO
10
2
tj
14
46-100
1-3
10
4
3
11
2
46
12
2-11
9
3-6
36
4
0
16
3
0-1
4-7
16
7
10
8-20
5-10
1-2
0
6-16
1
0
0
0
5
14-28
1
8
0
2-4
4-9
9
13
12
13
3
9
22-43
5-11
7
7-17
12
3
4-7
9
6-12
7-16
1-3
7-15
9-19
0-1
19-49
13
2
1
2
10
23
7
16-32
3
5
1
6
26
8
35
33
15-30
18
18-35
1
15
5
7
13
15
4
18
14
0
8
20-50
7-14
21
28
2
13
1-3
13
4
3-7
1-4
6
4
1
5
21
2-6
9
8
13
8
4
12
8
8
23-58
13
17
18
18
10
19
6
16-31
0
7-13
7-13
6
3
0
(
l
2
2
,3
3-5
§
5
4
16
2
2-3
12
0
6-11
6-11
&
16-32
0-8
0-3
* Less than 0.5 percent.
1. Includes "land subdivides and developers, except cemeteries" (SIC 6552).
2. Consists of the following SIC two-digit industries: Tobacco products, leather and leather products, and miscellaneous manufacturing industries.
3. Excludes railroads.
(8)
(7)
(6)
8
12
17
4
25-50
9-19
7-14
14
9-23
6-12
3-7
27-5J
4
rt
13
!j
t
t
16
«
L
0-8
0-3
12-24
<2
n
2
8
5-9
2-4
5-10
2-3
1-3
0
6-16
2-6
1
0
1
8
1-3
3
8
8
18-35
4-9
27-55
6
3
2
3
3
8
1
15-29
17-33
3
20-50
14-36
0-1
0
2-3
14-34
3-7
11
5-11
3-7
0
0
9
6
1-2
7
1
5
2
2-4
7
8
11
10
15
24-48
5-12
4-10
4
7
22
4-8
10-26
4
0
2-4
1-2
2
2-5
0
3-6
11
1-3
1
11
29
14
10
1-2
7
3
12
2
2
1
2
3
6
4-9
8-16
12-23
8
6
3
5-10
0
0-1
2
4
1
9
n1
0-1
11-28
7
*-.
0
0-1
2-3
0
4-17
6
1
6-12
13-33
2
1
18
11-21
25
11-23
14-28
n
2-11
28-56
3-6
11-21
1C
0-8
0
Japan
(14)
(15)
(16)
14
3
9
24-47
23
18
25
12
24
29
37
28
32
30
32
24-47
10-26
0
14-35
2-5
4
1-2
0-1
1-3
0
11-26
0-1
0
1-2
0
3
2
2
2
5
11
9
11
0
7
4-9
5
0-1
1
20
12
6
6-11
5
(13)
(12)
(11)
Australia
2
15-37
n
Total
1
7-13
oP
United
States
Of which:
4
15
22
3
28
14
25
4
8
20
22
19
23
22
37
8
33
23
12
25
22
1
25
17
29
26
16
54
35
29-73
21
11
n4
n0
Asia and Pacific
Middle
East
Africa
20
6-16
0
2
5
3
2
4
0
5
2
0-1
1-3
4-10
5
2
1-3
13-33
4
1
(10)
(9)
7
10-26
14-34
4-10
Latin
America
and Other
Western
HemiSwitzer- United
Kingdom sphere
land
25
19
13
11
16
13
16
29
27
2-6
13-33
20
19
10-24
5-12
25
20-40
16
11
12
33
8
5-13
19
11-21
18
19
18
7
25
4
23
45
1
54
13
9-44
44-88
5-10
1-2
3-6
3-6
6-14
0
7-0
0
0
13
8-Q
1-3
8-16
2
4-11
1
2
0
3-7
1
0-1
1-2
0
3-7
3
0-1
4-7
n
(1
i
°0
0
1
2-6
1-2
0
1-3
0-1
3-6
0
0
0
0
0
0
0-1
1-2
1-3
0
n0
0-1
"o
0
8
0-1
0
1
n0
0
1-2
0
1-2
n
n0
(
i
0
0
0
2-4
n
0
8
2
2-4
1
0
2
0
0
0
0
0
2-4
0
7-16
1
0
0-1
n
n
3
1-3
3-5
3-5
3-7
7-14
e
7-15
0
0-2
3
4
7
2
1
2-6
1
2
4
i3
2
3
2-5
4
1-2
2
0
12
1
19
6
21
2-3
8
55-100
0-1
i
0-1
3-8
17
0-8
0-3
1
1
28-56
12-23
1
1-2
&
1
&0
n
n
n
c
8
7-15
12-23
1
3-8
1-2
n
f!
0-1
1
9
1-3
n
0-1
3-8
9
1
8(
'l
2-5
0-1
,<]
\
0-1
0
0
1
0
0
0-1
0
0-3
n
9
6
5-12
J]
0-1
16-32
0
(
21-5;
0-1
2-3
0
0-3
8-20
3-5
19
11-26
4-7
21
8
10-19
20-41
5
4
3
2-5
1
1-3
2-4
4-9
1-3
8-16
18
26
6
17
35
12
16
64
8
19
7
18-45
25-62
7
3-7
20
6
35
42
15-37
(*)
12-23
24
33-83
37
29
24-61
17
25
12
12-23
11
21
4
10-24
1-2
1-3
4
26
33
45
1
12-23
16
15
21-53
10
2-5
6-14
30-60
3-6
0
6-11
13
2-5
17-33
16-32
9-44
4-17
7-14
8
2
1
4-8
0-1
0
1-3
n
0-1
0
5-10
20-41
3-6
r
i
0
0
0
2-4
1-2
0
2-4
6
3-6
2
n0
1
1
0
0
1-2
1
n
0
0
1
14
n
23
27
15-37
i*S
1
0-1
2-5
1
H
0-1
n
2
1
1-2
1-2
1-3
1
1
1
1
0
ri
4
1
4
0-1
3-6
30-60
n
r:
(\
2-3
9-44
4-17
1-3
2-4
1-4
12
8
4
8-20
3-5
5
9
2
2-3
7
1
1-2
1
2
1-3
2-5
1
3
1-2
4-9
1
10
8
19
3
15
35
10
14
60
8
17
6
24
32
4
4
6
4
5-11
7-13
0
n
2-6
21
33
33
27
42
16
23
7
14
7
18
1
1-2
1
0
0-1
1-2
n
n
1
0
0
0
0
0
0
0
n
0-1
0
1
0
0
0
0
0
0
0
0
0
0
6-13
1-2
n
0
0-1
1
0
0-1
2-5
0
•3n
0
0
n
8
0
0
0
n0
0
0-1
n
8
2-4
n0
n0
n
n
19
16
29-58
0-1
8
13-27
3-8
0
1-3
13-33
0-1
1
8
24
6
1
3
0-1
e
L
(
i
I
2-5
8-17
5-11
8
0-1
0
1-3
3-6
8
16-32
0-1
0-8
0-3
0
0-3
of the size range shown in the corresponding cell in table 3 by the industry total shown in column 1 of this table.
Similarly, the maximum value was computed by dividing the maximum value of the size range shown in the correspending cell in table 3 by the industry total shown in column 1 of this table.
In this table, unlike in most BEA tables published elsewhere on direct investment, petroleum is not shown as
a separate major industry. Instead, in order to be consistent with Census Bureau practice, data for the various
petroleum subindustries are, distributed among the other major industries. Thus, manufacturing includes petroleum
• "«**• P**"1 «**•* *•*• «««* *«**• «"*• •«*• **»•
SURVEY OF CURRENT BUSINESS
October 1992 •
75
Table 5.—Payroll of U.S. Affiliates, Industry of Establishment by Country of UBO, 1987
[Millions of dollars]
Europe
All countries
All industries .
Agricultural services, forestry, and fishing
Mining
Coal
Other
l
Construction
Manufacturing
Food and kindred products
Beverages
Other
Textile mill products
Apparel and other textile products ....
Lumber and wood products
Furniture and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other!.!.
Chemicals and allied products
Industrial inorganic chemicals
Plastics materials and synthetics .
Industrial organic chemicals..
Drugs
Soap, cleaners, and toilet goods .
Other
..
Petroleum and coal products manufacturing ..
Rubber and miscellaneous plastics products .
Stpne, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Office and computing machines .
Other
Electric and electronic equipment
Household audio and video equipment
Communications equipment
Electronic components and accessories ....
Other
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related
products
Other manufacturing2
Administrative and auxiliary
Transportation and public utilities3.
Transportation
Communication
Electric, gas, and sanitary services .
Administrative and auxiliary
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies ....
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
Administrative and auxiliary
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other retail trade, including administrative and auxiliary .
Finance, insurance, and real estate *
Banking
Other finance
Insurance
Administrative and auxiliary.,
81,065
Total
France
49,491
4,720
3,645
1,052
2,594
5,223
9,681
United
Kingdom
16,262
3,312
Asia and Pacific
Of which:
Africa
Total
Australia Japan
1,184
9,397
828
1,247
1,647
994
36,696
2,583
334
2,249
557
154
279
257
1,240
1,277
240
1,037
5,732
587
1,520
1,154
1,146
431
894
23,924
2,021
206
1,814
297
102
201
194
759
587
13
575
679
1,551
1,681
2,292
1,607
3,193
682
2,511
4,028
298
924
1,240
1,566
1,568
1,141
426
1,980
720
5,318
2,339
1,706
194
265
173
10,907
881
1,557
378
1,450
1,100
803
818
135
2,397
1,388
7,096
1,067
R
989
397
578
506
985
1,130
878
1,022
2263
R
2,835
:
R
861
1,409
973
676
297
1,370
585
3,499
R
22
R
2,939
6,374
7,024
6
15
(D)
1,444
600
48
12,120
Private education and noncommercial establishments .
Unclassified establishments
2,903
181
647
228
7,994
837
135
701
165
54
86
(D)
193
282
10
272
748
145
58
89
215
97
145
139
309
597
163
492
702
66
636
884
4
230
177
473
368
137
231
579
791
2,248
661
3,120
2,938
6,101
2,042
585
455
4,947
3,717
344
451
842
185
570
691
474
598
103
1,613
848
4,775
595
1,883
372
1,925
6,611
643
2,892
840
2,052
387
625
36
269
325
541
459
434
1,623
3,561
1,375
108
358
3,836
>)
1,910
591
1,319
51
355
(D)
197
249
101
1,085
2,577
458
80
1,668
352
272
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000.
1. Includes "land subdivides and developers, except cemeteries" (SIC 6552).
2. Consists of the following SIC two-digit industries: Tobacco products, leather and leather products, and miscellaneous manufacturing industries.
3. Excludes railroads.
NOTE.—in this table, unlike in most BEA tables published elsewhere on direct investment, petroleum is not shown
Germany,
SwitzerFederal Re- Netherlands
land
public of
Latin America and
Other Western Hemisphere
51
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, amusement services, arid museums ....
Engineering, architectural, and surveying services
Accounting, auditing, and bookkeeping
Research and testing services
Management and public relations
Health services
Other services
Administrative and auxiliary
D
Canada
Of which:
8
as a separate major industry. Instead, in order to be consistent with Census Bureau practice, data for the various
petroleum subindustries are distributed among the other major industries. Thus, manufacturing includes petroleum
and coal products, wholesale trade includes petroleum wholesale trade, retail trade includes gasoline service stations,
and so on.
76 • October 1992
SURVEY OF CURRENT BUSINESS
Table 6.—Shipments or Sales of U.S. Affiliates, Selected Industry of Establishment by Country of UBO, 1987
[Millions of dollars]
Europe
Of which:
All countries
Canada
Total
France
Mining
Coal
Other
Manufacturi
Food and kindred products
Beverages
Other
Textile mill products
Apparel and other textile products .. . .
Lumber and wood products
Furniture and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
'
Chemicals and allied products ..
Plastics materials and synthetics
Industrial organic chemicals
Drugs
Soao cleaners and toilet aoods
Other
Petroleum and coal products manufacturing
Rubber and miscellaneous plastics products
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
Other
Electric and electronic equipment
Household audio and video equipment
Communications equipment
Electronic components and accessories
Other
Transportation equipment
Motor vehicles and equipment .
Other transportation equipment
Instruments and related products
Other manufacturing2
Administrative and auxiliary
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery equipment and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
Administrative and auxiliary
26,525
4,363
22,161
5,141
9,142
(D)
1,928
16,963
377
672
R
R
1,428
5,025
1,101
(D)
237,106
28,504
3,208
25,296
2,794
39,358
152,312
23,467
2,249
21,218
15,429
26,358
2,115
802
1,840
1,266
8,319
6,426
840
5,585
54,599
4,986
13,981
12,616
9,268
5,587
8,162
84
411
115
1,796
612
27
586
374
191
110
(D)
223
500
8
492
11,267
275
3,763
3,604
(D>
1,043
(D)
26,197
8,319
9,275
17,834
7,305
14,289
3,439
10,850
21,438
4,137
4,989
4,632
7,680
14,679
12,890
1,789
7,761
5,458
n.a.
380,137
79,851
17,426
27,329
33,369
15,705
49,446
24,466
18,530
114,016
n.a.
R
3,125
2,250
/D\
/D\
(°)
1,758
494
3,576
1,716
1,089
58
1,031
269
8
n.a.
31,535
129
1,167
3,230
(D)
1,074
(D)
2,603
R
n.a.
12,086
5,216
1,938
(D)
Services
Hotels and other lodoina places
Business services
Computer and data processing services . .
Other business services
Motion pictures, amusement services, and museums
Engineering, architectural, and surveying services
Accounting auditing and bookkeeping
Research and testing services
Management and public relations
Health services
.
Other services
Administrative and auxiliary
16,302
D
2,115
6,529
2,136
4,393
1,535
1,945
16
567
760
1,327
1,503
n.a.
13
n.a.
(D)
3,333
1,416
65
348
115
233
390
158
7,952
5,336
5,486
18,291
5,049
6,540
5,391
4,297
9,922
R
7,103
5,877
1,226
4,840
4,848
n.a.
162,501
19,889
6,376
6,597
10,395
8,571
25,041
17,931
11,829
55,871
0
0
2,146
271
(D)
1,642
1,064
1,227
1,280
180
1,791
(D)
(D)
1,598
(D)
353
120
'!
n.a.
3',065
27
1,147
(D)
( )
n.a.
24,908
16,470
7,228
50,563
9,276
0
0
a
0
64
6,635
A
2,560
460
R
(D)
353
160
174
189
384
236
147
(D)
H
217
0
D
( )
0
(D)
5,596
846
2,797
891
972
0
129
696
644
145
620
0
620
298
229
(D)
0
(D)
520
145
n.a.
n.a.
1,029
9,097
|D\
n.a.
D
( )
n.a.
n.a.
D
( )
n.a.
1
470
94
236
187
49
8
8
80
0
(D)
n.a.
0
n.a.
a
T?
900
27
45
1,465
(D)
3,773
D
( )
1,958
386
1,572
98
382
2
116
367
14
438
23,603
1,53
199
842
(D)
(D)
141
43
59
(D)
2,541
9,385
1,358
123
0
123
0
0
0
0
1,076
n
?
£0
(D
^
1
0
3
R
n
$
0
0
0
0
R
288
0
a
1}
a
( 0)
1
j)
n0
»
R
R
290
716
480
1,925
90
(D)
174
R
0
(DD)
(D)
()
0
A30
H
104
R
(DD)
()
1
0
0
R
R
D0
D)
0
)
D0
331
(D)
70
0
70
0
0
0
0
0
3
6i841
441
2,696
1,132
1,564
5,176
2,715
467
1,042
952
(D)
541
$( )
D
134
65
0
65
(D0
^
(D)
R(D
l
A
n.a.
n.a.
n.a.
n.a.
13,226
2,809
617
770
170,664
R
R
R
16,236
472
5$
%
623
1,319
1,007
123
«&
0
21
n.a.
1,529
920
(D)
(D)
517
1,274
33
972
158
814
(D)
83
8
R
n.a.
n.a.
D
D
D
( )
n.a.
4,903
1,436
(D)
n.a.
( )
n.a.
32,086
(D)
0
R
(l
1,080
0
51,053
2,343
1,207
1,193
1,799
2,157
19,267
6,796
f
1,603
1,692
416
1,276
4,680
(D)
n.a.
R
800
146
11
135
D
( )
n.a.
R
n.a.
16
0
0
R
1
a
0
7
0
0
n.a.
0
n.a.
9$
1,286
F
(<
8
189
(D)
(D)
(D)
974
759
3,641
243
2,350
1,103
1,246
4,837
2,521
467
982
867
6,843
6,667
176
455
241
!
i
(
(
n.a.
n.a.
n
1,652
161,733
54,394
9,224
15,447
18,006
4,927
20,513
8;
R
(
i
0
57
123
37
(D)
0
(D)
n.a.
21,228
2,757
n.a.
n.a.
n.a.
n
(D)
2,197
709
517
(D)
34
44
(D)
(
1,603
671
427
92
335
32
56
0
68
56
(
1
fl
1,236
136
0
0
41
R
119
2,031
6,145
31,046
33,536
R( )
D
8
782
104
3,258
1,150
(D)
202
(D)
A( )
D
0
(D0)
Japan
(D)
(D)
(D)
614
(D
5,952
1,676
3,421
1,092
2,125
2,674
331
2,343
3,340
7
894
536
1,903
1,500
811
689
2,017
United
States
Total
Australia
15
n.a.
7,451
Of which:
Middle
East
Africa
0
0
0
0
(D)
219
103
573
807
(D)
R
Asia and Pacific
1,785
7,491
943
268
648
(D)
1,454
1,388
27
1,361
8,945
1,442
400
1,264
3,328
894
1,616
(D)
710
358
1,440
254
(D)
1,458
173
18,234
1,063
7
289
260
29
(D)
223
0
19
68
391
(D)
0
n.a.
1,194
1,908
2,780
1,275
2,644
1,007
(D)
0
969
95
485
295
190
(D)
166
0
D
191
1,590
692
2,877
751
1,538
1,163
8,849
A
131
n.a.
224
(D)
101
(D)
598
(D)
809
n.a.
r]
( )
16,595
11,753
201
911
6,124
778
5,346
n.a.
0
1,161
32
1,068
1,601
63
0
63
23,054
2,262
2,662
United
Kingdom
n.a.
37,928
4,544
20,104
2,903
10,376
«a
Switzerland
28,423
10,250
n.a.
n.a.
Netherlands
24,134
2,493
Suppressed to avoid disclosure of data of individual companies.
n.a. Not available.
1. Includes "land subdivides and developers, except cemeteries" (SIC 6552).
2. Consists of the following SIC two-digit industries: Tobacco products, leather and leather products, and miscellaneous manufacturing industries.
(D)
1,414
625
921
1,131
1,944
59
1,885
2,512
0
302
n
n.a.
s a
33
n.a.
e
8 R
R
6^520
54,022
8,903
23,941
15,962
1,616
535
1,336
861
5,383
2,900
35
2,865
37,100
3,107
12,834
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other retail trade, including administrative and auxiliary
Public education and noncommercial establishments
Unclassified establishments
Germany, Federal Republic of
Latin
America
and
Other
Western
Hemisphere
§
0
8
R
0
(
1
d
n.a.
n.a.
n.a.
0
n.a.
D
D
( )
n.a.
( )
n.a.
R
n.a.
i
(
(
|
n
D
( )
n.a.
n
NOTE.—In this table, unlike in most BEA tables published elsewhere on direct investment, petroleum is not shown
as a separate major industry. Instead, in order to be consistent with Census Bureau practice, data for the various
petroleum subindustries are distributed among the other major industries. Thus, manufacturing includes petroleum
ar)
d coal products, wholesale trade includes petroleum wholesale trade, retail trade includes gasoline service stations,
and so on.
October 1992 • 77
SURVEY OF CURRENT BUSINESS
Table 7.—Employment of U.S. Affiliates and All U.S. Businesses, State by Industry of Establishment, 1987
U.S. affiliates
Construction l
Mining
All industries
All U.S.
businesses
U.S. affiliates as a
percentage
of all U.S.
businesses
U.S. affiliates
All U.S.
businesses
U.S. affiliates as a
percentage
of all U.S.
businesses3
U.S. affiliates
Transportation and public utilities2
Manufacturing
U.S. affiliates as a
percentage
All U.S.
businesses of all U.S.
businesses3
U.S. affiliates
All U.S.
businesses
U.S. affiliates as a
percentage
of all U.S.
businesses3
U.S. affiliates
All U.S.
businesses
U.S. affiliates as a
percentage
of all U.S.
businesses3
3,228,896
87,396,607
4
97,622
698,100
14
51,422
5,054,367
1
1,311,398
18,950,300
7
94,284
5,102,987
2
Alabama
Alaska
Arizona
Arkansas
California
35,421
6,410
49,532
20,441
375,741
1,198,557
138,290
1,137,479
668,585
10,086,198
3
5
4
3
4
E
2,008
G
222
6,319
11,100
7,400
12,800
4,000
44,100
2-4
27
8-20
6
14
C
B
344
0
6,432
84,812
12,764
97,854
30,434
598,320
£0
1
24,172
2,089
12,129
12,281
129,308
347,300
11,100
184,100
205,500
2,104,300
7
19
7
6
6
286
E
I
312
14,022
74,258
16,148
62,146
45,994
608,642
2-3
8-16
1
2
Colorado
Connecticut
Delaware
District of Columbia
Florida
32,596
56,028
35,191
8,179
108,045
1,168,657
1,467,926
273,642
396,808
4,085,245
3
4
13
2
3
2,938
F
A
B
782
21,700
1,500
500
200
9,600
14
33-67
0-4
10-50
8
2,253
E
C
E
2,480
79,961
89,494
19,728
11,222
329,877
3
0-1
1-1
2-4
1
9,205
25,850
K
151
29,494
183,800
388,900
66,600
17,000
499,300
5
7
38-75
1
6
629
2,109
336
441
3,508
85,640
72,196
13,119
21,502
247,656
1
3
3
2
1
Georqia
Hawaii
Idaho
Illinois
Indiana
114,141
26,220
4,499
156,623
61,789
2,292,064
363,491
253,334
4,219,010
1,934,427
5
7
2
4
3
G
C
F
3,905
8,100
200
2,400
22,500
7,700
12-31
50-100
21-42
17
6-13
1,476
3,142
A
G
E
149,698
21,706
13,847
209,154
96,408
1
14
n
50,971
G
1,227
62,474
40,699
569,900
22,200
52,900
989,600
602,000
9
5-11
2
6
7
2,036
G
B
3.716
942
167,813
34,087
15,023
252,227
103,641
1
3-7
0-1
1
1
Iowa
Kansas
Kentucky
Louisiana
Maine
18,695
17,000
37,620
50,857
20,933
874,688
811,000
1,053,094
1,179,288
389,457
2
2
4
4
5
A
301
5,209
8,576
A
2,400
12,500
39,500
50,700
200
0-1
2
13
17
0-10
A
B
B
2,455
A
37,825
46,042
55,761
76,720
32,706
8
10,931
5,924
21,945
12,131
7,527
206,100
189,100
251,600
161,400
101,600
5
3
9
8
7
116
G
521
1,307
260
46,304
54,399
58,292
89,889
17,724
2-5
1
1
1
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
54,240
91,485
93,838
34,844
16,912
1,674,595
2,750,697
3,191,942
1,653,299
658,943
3
3
3
2
3
C
B
669
1,267
438
2,900
1,800
9,800
6,100
5,300
3-9
1-6
7
21
8
537
F
524
C
E
160,612
143,625
140,085
83,814
32,450
0
18,358
35,483
53,210
16,013
11,641
230,400
591,300
980,100
374,200
218,900
8
6
5
4
5
1,473
1,426
2,724
948
E
89,291
129,965
143,972
95,462
37,202
2
1
2
1
1-1
Missouri
Montana
Nebraska
Nevada
New Hampshire
50,166
3,046
7,140
9,858
18,239
1,863,041
204,176
513,286
430,935
437,332
3
1
1
2
4
E
1,021
A
1,833
5,600
5,700
1,600
7,600
500
4-9
18
0-1
24
20-50
H
0
A
A
0
105,191
10,186
26,566
32,961
37,889
2-5
0
19,837
1,053
3,801
1,004
7,936
418,800
20,100
90,700
23,700
107,900
5
5
4
4
7
2,159
A
B
C
B
136,390
16,412
30,204
25,212
18,646
•8
New Jersey
New Mexico
New York
North Carolina
North Dakota .
178,610
13,964
335,131
136,252
1,559
3,103,657
383,908
6,781,844
2,398,725
180,245
6
4
5
6
1
F
1,639
1,843
419
273
4,200
14,800
8,800
4,000
4,000
12-24
11
21
10
7
1,499
E
4,080
I
0
187,617
29,139
326,979
154,844
11,066
1-2
1
3-6
0
75,594
2,507
73,616
81,431
303
690,800
34,700
1,278,700
842,400
15,400
11
7
6
10
2
5,468
C
9,329
1,811
A
238,045
24,646
417,368
136,288
12,806
2
0-1
2
1
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
129,422
27,737
24,377
167,399
11,008
3,905,031
865,444
883,382
4,264,961
398,106
3
3
3
4
3
4,717
5,795
A
4,024
A
19,000
46,000
1,400
33,400
200
25
13
0-1
12
0-10
G
F
C
G
C
181,669
38,728
38,504
234,314
20,328
1-1
1-3
0-1
0-1
0-1
64,926
6,391
8,784
83,579
7,723
1,100,200
151,200
202,900
1,037,500
112,000
6
4
4
8
7
3,650
1,005
1,172
4,339
B
197,596
61,042
56,662
232,311
14,522
2
2
2
2
0-1
South Carolina
South Dakota
Tennessee
Texas
Utah
65,829
1,489
74,645
217,966
11,294
1,116,550
187,245
1,675,135
5,433,514
492,998
6
1
4
4
2
379
A
1,194
19,416
2,174
1,500
2,100
6,500
158,000
7,900
25
0-1
18
12
28
190
0
161
1
C
95,354
9,452
99,216
349,578
27,287
1
,11
0-1
37,853
46,794
69,532
4,398
365,800
27,500
484,900
914,000
88,800
10
2-4
10
8
5
1,003
0
835
8,814
C
48,737
12,577
82,149
365,295
36,624
2
0
1
2
0-1
Vermont
Virginia
Washington
West Virginia
6,230
84,377
42,420
25,097
54,964
3,397
203,511
2,080,250
1,464,613
445,885
1,726,874
122,440
3
4
3
6
3
3
C
G
364
7,713
B
2,163
700
18,800
2,800
35,400
1,800
17,100
14-36
5-13
13
22
1-6
13
0
E
319
A
B
B
16,630
171,298
85,585
20,669
77,419
8,952
G
32,674
14,525
14,332
28,827
151
48,500
429,200
309,700
83,800
514,000
7,700
2-5
8
5
17
6
2
A
2,659
2,562
B
1,503
B
9,192
128,809
93,939
28,044
91,099
10,047
(
Total
Wisconsin
Wyoming
See footnotes at end of table.
0
0-1
0-1
3
n
(M
R
0
1
0
*)
1
J
n
n
2
0-1
0-1
n
l
3
n2
0-1
SURVEY OF CURRENT BUSINESS
• October 1992
Table 7.—Employment of U.S. Affiliates and All U.S. Businesses, State by Industry of Establishment, 1987—Continued
Wholesale trade
U.S. affiliates
Finance, insurance, and real estate1
Retail trade
U.S. affiliates
as a percent-
All U.S. businesses
age of all U.S.
businesses3
U.S. affiliates
All U.S. businesses
U.S. affiliates
as a percentage of all U.S.
businesses3
U.S. affiliates
Services
U.S. affiliates
as a percent-
All U.S. businesses
age of all U.S.
U.S. affiliates
businesses3
All U.S. businesses
U.S. affiliates
as a percentage of allU.S.
businesses 3
Total
343,348
5,609,024
6
628,793
17,779,942
4
310,852
6,727,313
5
390,674
16,054,738
2
Alaska .. ..
Arizona
Arkansas
California
2,014
72
2,843
573
58,590
77,559
7,176
64,687
38,940
684,516
3
1
4
1
9
3,255
1,060
12,151
H
33,937
249,847
35,967
260,512
138,671
2,022,068
1
3
5
2-4
2
1,059
67
7,694
1,820
61,841
72,539
10,450
91,179
36,972
842,732
1
1
8
5
7
4,251
754
6,639
F
65,173
189,566
27,555
243,999
93,960
2,248,466
2
3
3
1-1
3
Colorado
Connecticut
Delaware
District of Columbia
Florida .
3,581
7,107
886
243
10,289
76,393
84,714
15,526
8,856
261,765
5
8
6
3
4
H
11,487
1,976
G
32,881
267,899
267,611
56,077
54,549
1,022,862
1-2
4
4
2-5
3
7,210
2,368
2,915
2,524
9,641
101,733
152,941
24,474
42,454
361,066
7
2
12
6
3
4,489
5,864
2,490
3,044
19,952
256,147
250,198
46,209
120,844
974,746
2!
2!
5
3
2
Georgia
Hawaii
Idaho
Illinois
Indiana
14,385
1,107
634
25,262
5,033
178,235
20,157
20,814
319,497
108,208
8
5
3
8
5
20,797
7,069
1,002
33,836
8,170
486,992
101,969
62,535
820,197
412,466
4
7
2
4
2
8,657
1,798
6
5
3-7
3
2
13,768
10,529
170
15,901
3,926
414,969
91,673
47,621
729,655
282,483
3
11
9,910
1,779
154,607
33,471
15,314
375,507
112,665
1,728
1,562
1,983
2,985
2,040
65,941
60,810
63,606
80,533
22,665
3
3
3
4
9
4,084
4,699
5,349
16,927
10,246
203,517
174,947
243,641
277,708
91,991
2
3
2
6
11
879
675
365
2,510
527
69,646
60,752
61,641
84,960
24,853
1
1
1
3
2
729
1,676
2,077
3,935
325
131,041
128,013
166,228
240,551
57,526
1
1
1
2
1
4,225
10,737
8,153
4,010
797
99,512
160,791
179,452
114,343
39,936
4
7
5
4
2
11,541
21,926
17,309
4,410
1,737
377,862
529,891
673,265
347,038
140,361
3
4
3
1
1
11,004
6,982
G
2,546
520
141,157
228,186
184,447
125,622
40,005
8
3
1-1
2
1
6,910
14,290
9,510
5,256
1,073
368,662
523,188
533,061
294,807
84,293
2
3
2
2
1
3,416
97
675
563
1,543
125,247
14,824
43,148
17,627
22,548
3
1
2
3
7
15,531
507
1,241
1,794
5,411
375,917
56,985
117,936
81,491
102,082
4
1
1
2
5
1,592
304
528
2,709
2,192
137,355
13,425
51,837
22,850
32,580
1
2
1
12
7
4,065
B
832
1,825
953
323,658
36,499
89,254
205,709
68,191
n1
1
1
New Jersey
New Mexico
New York
North Carolina
North Dakota
39,019
282
36,964
6,430
322
270,976
22,137
466,027
140,158
17,525
14
1
8
5
2
30,901
6,769
72,590
29,263
387
566,214
104,620
1,150,448
464,862
48,163
5
6
6
6
1
8,941
1,412
95,563
H
170
238,303
25,827
839,335
128,635
13,054
4
5
11
2-4
1
16,096
764
41,196
8,229
B
595,807
88,313
1,292,626
331,402
27,753
n
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
11,032
3,192
3,736
11,125
635
248,661
54,918
64,115
247,599
22,284
4
6
6
4
3
22528
8,601
G
31,628
1,522
804,182
206,897
203,847
847,907
76,449
3
4
0-1
4
2
1,988
F
6,193
6,424
258
252,435
63,306
61,314
296,939
27,863
1
1-2
10
2
1
18,842
1,617
2,861
23,692
F
648,361
149,370
157,257
693,760
60,638
3
1
2
3
1-2
South Carolina
South Dakota
Tennessee
Texas
Utah
3,479
44
7,754
25,152
970
54,551
15,311
115,927
396,138
34,180
6
6
3
16,653
245
10,910
46,057
1,470
237,122
49,324
338,168
1,174,108
108,925
7
<•)
1
808
C
2,210
10,519
866
62,980
14,948
104,107
448,209
33,055
1
1-2
2
2
3
5,464
B
4,775
31,927
1,163
169,535
26,538
282,908
1,060,911
93,897
357
6,981
4,895
541
3,128
177
10,270
115,126
102,778
24,217
101,731
6,369
3
6
5
2
3
3
2.569
22,125
7,753
1,504
14,981
252
46,635
453,325
329,204
109,220
372,205
33,263
6
5
2
1
4
1
C
8,115
5,573
B
2,336
E
11,995
140,986
112,299
23,500
113,158
7,645
1-2
6
5
1,354
9,115
6,308
907
3,985
225
36,674
438,728
277,118
67,281
265,298
21,791
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Minnesota"..!..."...."!..."...."....".".."!.
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
Vermont
Virginia
West Virginia
Wisconsin
Wyoming
* Less than 0.5 percent.
1. Includes "land subdividers and developers, except cemeteries" (SIC 6552).
2. Excludes railroads.
3. A range is shown in this column if the column for employment of U.S. affiliates in the same industry and
State contains an employment size range. The minimum value for the range was computed by dividing the minimum
value of the size range for employment of U.S. affiliates by the employment of all U.S. businesses in the same
industry and State. Similarly, the maximum value for the range was computed by dividing the maximum value for
employment of U.S. affiliates by the employment of all U.S. businesses in the same industry and State.
(
'l4
0
2
3-7
'!1
1
3
1
3
2
3
n2
3
1
4
2
2
1
2
1
NOTE.—Size ranges are given in employment cells that are suppressed. The size ranges are: A—0 to 19; B—
20 to 99; C-100 to 249; E-250 to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; 1-5,000 to 9,999;
J-10,000 to 24,999; K-25,000 to 49,999; L-50,000 to 99,999; M-100,000 or more.
In this table, unlike in most BEA tables published elsewhere on direct investment, petroleum is not shown as
a separate major industry. Instead, in order to be consistent with Census Bureau practice, data for the various
petroleum subindustries are distributed among the other major industries. Thus, manufacturing includes petroleum
and coal products, wholesale trade includes petroleum wholesale trade, retail trade includes gasoline service stations,
and so on.
New, Highly Detailed Data on Foreign Investment
FOREIGN DIRECT INVESTMENT IN THE UNITED STATES:
Establishment Data for 1987
This volume contains the initial results of an effort by the Bureau of Economic Analysis (BEA) and the
Bureau of the Census to expand U.S. Government data on foreign direct investment in the United States.
The volume provides information on the U.S. operations of foreign companies in much greater industry
detail, both nationally and in individual States, than has been available in the past. Over 800
4-digit Standard Industrial Classification (SIC) industries are covered. The data show the number,
employment, payroll, and shipments or sales of the establishments of U.S. affiliates and are broken down
by industry, by State, and by country of ultimate beneficial owner.
FOREIGN DIRECT INVESTMENT
IN THE UNITED STATES
The new data in this volume were obtained by linking BEA
company-level data on foreign direct investment with Census Bureau establishment-(plant-)level data for all U.S.
companies. This initial link covered 1987 because that year
is both agencies' latest census year, when reporting is the
most complete.
iiiiiiillsyl
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SURVEY OF CURRENT BUSINESS
October 1992
BUSINESS
CYCLE
Footnotes for pages C-l through C-5
Charts
Historical data for selected series
C-6
C-7
C-25
C-l
INDICATORS
Business cycle expansions and contractions
Cyclical leads and lags for selected indicators
Titles and sources of series
C-45
C-46
C-47
NOTE TO USERS: The composite indexes of leading, coincident, and lagging indicators have been revised from January 1987
through August 1992. For more information, see the box on page C-6.
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 Business Cycle 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 Business Cycle Indicators Branch.
Series
no.
Series title and timing classification
Year
1991
1991
Sept.
Aug.
1992
Dec.
Nov.
Oct.
Jan.
Feb.
Mar.
Apr.
May
June | July
'147.9
'.4
'148.3
.3
'149.2
.6
'148.8
-.3
1.9
Aug.
Sept.*
1. COMPOSITE INDEXES
The Leading Index
Composite index of leading indicators, 1982=100 (L,L,L)§ .
Percent change from previous month §
Percent change over 3-month span AR§
•
Leading index components:
1*
Average weekly hours mfg (L L L)
Average weekly initial claims for 'unemployment
54
insurance, thous. (L.C.L) * $.
8*
Mfrs.1 new orders, consumer goods and materials,
oil. 1982$ (L,L,L).
32*
Vendor performance, slower deliveries diffusion index,
percent (L.L.L).
20*
Contracts and orders for plant and equipment, bil. 1982$
(L.L.L).
29 •
Index of new private housing units authorized by local
building permits, 1967=100 (L,U).
92 •
Change in mfrs.' unfilled orders, durable goods, bil.
1982$, smoothed (L,L,L)f.
99 «
Change in sensitive materials prices, percent, smoothed
(L,L,L)t19 •
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L,L,L).
106 •
Money supply M2, bil. 1982$ (L,L,L)
83*
Index of consumer expectations,
U. of Michigan,
1966:1=100, NSA (L.L.L) © 2 .
Diffusion index of 11 leading indicator components:
950
Percent rising over 1 -month span §
Percent rising over 6-month span §
•
910*
143.4
.3
4.1
r
145.2
0
'5.1
'145.0
-.1
'0
'145.2
.1
'144.9
'-.8
'-.2
'-.8
'144.7
-.1
'3.1
'146.3 , '147.3
1.1
.7
'6.8
9.1
'5.6
'5.3
'2.5
'149.0
.1
'-1.6
'148.6
* 148.2
'-.3
'-.3
'-1.6
40.7
40.9
40.9
40.9
40.9
41.0
40.9
41.1
41.3
41.0
41.0
431
435
422
436
435
424
427
4t1
431
41.1
444
414
415
429
412
41.0
'437
'40.8
454
1,048.27
91.00
91.06
90.62
89.73
85.92
88.10
89.08
88.61
90.19
'89.75
90.78
'91.47
'90.11
'90.77
47.3
48.8
49.4
50.3
50.6
49.5
48.0
48.7
49.5
47.4
49.9
50.6
52.3
50.7
41.58
43.77
37.01
42.94
42.98
45.29
489.17
41.33
'38.97
'43.87
'43.50
'45.67
'44.45
'44.72
51.9
'44.37
75.5
75.0
77.7
79.3
78.1
85.6
88.2
91.4
87.2
84.4
84.1
82.3
86.1
85.8
89.7
-1.31
-.96
-.99
-1.15
-1.41
-1.73
-1.85
-2.22
-2.54
-2.63
-2.73
-2.75
-2.97
'-3.13
'-3.50
-.65
-.60
-.75
-.82
-.72
-.53
-.39
-.21
.17
.56
'.81
.85
.71
.50
.30
376.18
389.40
387.20
386.88
385.92
388.51
416.08
412.56
407.36
407.41
414.81
408.27
415.05
417.93
418.48
2,409.6
2,408.1
2,401.1
'2,405.9
'2,418.0
'2,405.5
'2,397.2
'2,376.3 '2,378.0
2,400.3
2,401.5
2,402.2
'2,395.0
'2,382.0
'2,376.9
70.3
75.3
76.4
70.5
61.9
61.5
59.1
61.8
70.3
70.5
71.2
70.7
67.6
69.5
67.4
50.8
61.7
36.4
63.6
'40.9
'45.5
'36.4
45.5
63.6
'45.5
'54.5
36.4
M5.5
36.4
'59.1
40.9
68.2
50.0
63.6
63.6
59.1
45.5
36.4
50.0
72.7
72.7
63.6
'123.4
'123.4
'123.3
'123.8
'123.0
0
-.3
-.1
1.3
.4
'-1.3
'-.6
The Coincident Index
920*
•
41 *
51*
474
57*
951
•
'124.6
124.5
'124.6
Composite index of coincident indicators, 1982=100
(C,C,C)§.
'0
-.3
Percent change from previous month §
'-1.3
Percent change over 3-month span AR §
-3.1
'-13
Coincident index components:
Employees on nonagricultural payrolls, thous. (C.C.C) ....
108,310 108,267 108,293
3,379.1
3,382.2 3,379.4
Personal income less transfer payments, bil. 1987$, AR
(C.C.C).
108.4
107.1
108.0
Index of industrial production, 1987=100 (C.C.C)
5,626,856 '472,688 '474,696
Manufacturing and trade sales, mil. 1982$ (C,C,C)
Diffusion index of 4 coincident indicator components:
r
'75.0
47.9
37.5
Percent rising over 1 -month span §
'50.0
44.8
'50.0
Percent rising over 6-month span §
3
'124.6
'123.7
'123.3
'122.8
'123.4
'0
'-2.9
'-.7
'-.3
'-4.1
'-5.7
-.4
'-1.0
'.5
'.3
108,285
3,384.5
108,139
3,372.1
108,154
3,399.0
108,100
3,372.5
108,142
3,388.7
108,200
3,386.0
108,377
3,377.6
108,496
3,380.7
108,423 '108,594 '108,466 "108,409
3,377.3 '3,376.3 '3,378.5 '3,380.5
108.4
475,886
108.1
473,830
107.4
466,626
106.6
474,654
107.2
478,523
107.6
479,892
108.1
481,019
108.9
478,395
108.5
'109.3
'108.9
484,377 '489,720 '483,858
0
'75.0
0
50.0
'50.0
'111.3
'111.1
'110.8
37.5
37.5
50.0
87.5
100.0
0
'2.0
75.0
75.0
'123.4
0
0
25.0
66.7
3
-.3
'108.6
3
'25.0
75.0
75.0
'75.0
'108.0
'107.5
'106.3
'105.4
'104.9
'105.1
-.4
'-.8
'-.5
'.2
87.5
3
-2.3
100.0
3
122.6
33.3
The Lagging Index
Composite index of lagging indicators, 1982=100
(Lg,Lg,Lg)§.
Percent change from previous month §
Percent change over 3-month span AR§
•
Lagging index components:
91*
Average duration of unemployment, weeks (Lg,Lg,Lg) $ .
Ratio, mfg. and trade inventories to sales in 1982$
77 4
9304
62*
109*
1014
954
1204
952
Change in labor cost per unit of output, mfg., percent,
AR, smoothed (Lg,Lg,Lg)t.
Average prime rate charged by banks, percent, NSA
(Lg,Lg,Lg).
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg).
Ratio, consumer installment credit outstanding to
personal income, percent (Lg.Lg.Lg).
Change in Consumer Price Index for services, percent,
AR, smoothed (Lg,Lg,Lg)t.
Diffusion index of 7 lagging indicator components:
Percent rising over 1-month span§
4
9404
Ratio, coincident index to lagging index, 1982=100 (L,L,L)§
115.1
'112.6
'111.6
'108.4
4
104.8
4
'-1.0
'-9.1
'-.3
'-1.2
-1.0
'-8.2
'-3
'-5.2
'-.2
-7.6
'-2.8
'-6.3
-9.4
'-9.7
-7.1
-.5
'-7.5
'-1.1
'-9.3
'-9.3
'-4.4
13.8
1.46
14.1
1.44
14.2
1.43
14.6
1.43
14.9
1.44
15.3
1.47
16.4
1.44
17.0
1.42
17.1
1.42
17.0
1.42
18.3
1.42
18.6
1.41
18.3
1.40
'1.42
-1.1
-2.2
1.1
'.3
'-.4
'-1.1
'-1.4
'-1.9
'-1.7
'-.6
6.50
6.02
6.00
6.00
-.6
3.1
'-.9
-.9
-.5
1.6
1.7
4
18.2
8.46
8.50
7.58
7.21
6.50
6.50
6.50
379,222
374,562
373,050
372,429
369,110
366,724
368,222
368,053
15.13
15.00
14.96
14.91
14.89
14.72
14.74
14.60
14.52
14.43
14.36
'14.35
'14.30
' 14.30
4.6
3.8
3.9
4.0
4.1
4.3
4.3
4.1
4.2
4.2
3.9
3.6
3.4
3.2
'14.3
'35.7
'42.9
35.7
35.7
0
0
'112.1
'113.8
0
'114.8
7.1
0
'50.0
28.6
14.3
'7.1
'28.6
42.9
35.7
28.6
21.4
28.6
'117.0
'118.0
'117.0
29.2
15.5
108.3
28.6
0
'110.7
8.20
'111.6
8.00
'111.9
'111.3
42.9
28.6
'111.3
'114.3
6.50
6.50
-.3
-2.3
385,475
NOTE.-The following current high values were reached before August 1991: November 1983-BCI-32 (67.5) and
BCI-99 smoothed (2.09); February 1984-BCI-29 (158.5); March 1984-BCI-83 (97.7) and BCI-92 smoothed (4.61);
August 1984-BCI-109 (13.00); March 1986-BCI-77 (1.58); July 1987-BCI-5 (286); May 1988-BCI-106 (2,473.4);
December 1988-BCI-8 (100.42); June 1989-BCI-91 (11.1); September 1989-BCI-95 (16.05); November 1989-
'109.5
18.3
366,095 '361,479 '355,203 '356,836 '356,588 '353,231
'116.1
4
2.9
4
30.0
'117.0
BCI-930 (121.4); December 1989-BCI-20 (48.56); April 1990-BCI-51 (3,484.8); June 1990-BCI-41 (110,304) and
BCI-920 (133.4); July 1990-BCI-101 (409,650); August 1990-BCI-57 (489,996); September 1990-BCI-47 (110.6)
and BCI-120 smoothed (6.6); and March 1991-BCI-62 smoothed (8.9).
See page C-6 for other footnotes.
C-2 • October 1992
441
442
451
452
453
1•
214
54
46>
60
484
42
41 4
963
404
904
37
434
45
914
44
Labor force:
Civilian labor force thous
Civilian employment, thous
Civilian labor force participation rates (percent):
Males 20 years and over
Females 20 years and over
Both sexes 16-19 years of age
Marginal employment adjustments:
Average weekly hours mfg (L L L)
Average weekly overtime hours, mfg. (L.C.L)
Average weekly initial claims for unemployment
insurance, thous. (L^L)1*.
Job vacancies:
Index of help-wanted advertising, 1967=100 (L,Lg,U)
Ratio, help-wanted advertising to unemployed (L,Lg,U) ...
EmploymentEmployee hours in nonagricultural establishments,
bil. hours, AR (U.C.C).
Persons engaged in nonagricultural activities, thous.
(U.C.C).
Employees on nonagricultural payrolls, thous. (C,C,C) ....
Diffusion index of employees on private nonagricultural
payrolls, 356 industries:
Percent rising over 1-month span
Percent rising over 6-month span
Employees in goods-producing industries, thous. (L,C,U)
Ratio, civilian employment to population of working age,
percent (U.Lg.U).
Unemployment:
Number of persons unemployed, thous. (L,Lg,U)*
Civilian unemployment rate, percent (L,Lg,U) %
Average weekly insured unemployment rate, percent
(LXg.U)2*.
Average duration of unemployment, weeks (Lg.Lg.Lg) $ .
Unemployment rate, 15 weeks and over, percent
(Lg.Lg.Lg):!:.
SURVEY OF CURRENT BUSINESS
125,303
116,877
125,004
116,484
125,590
117^089
125,508
116,867
125,374
116,772
125,619
116,728
126,046
117,117
126,287
117,043
126,590
117,348
126,830
117^675
127,160
117,656
127,549
117,574
127,532
117,772
127,437
117,737
127,273
117,701
77.3
77.2
57.8
49.5
77.5
57.8
51.5
77.2
77.1
58.2
52.1
50.5
77.5
58.5
49.9
77.9
51.1
77.0
58.2
51.6
77.3
51.7
77.1
57.7
51.4
77.0
51.7
51.2
77.7
58.6
51.8
77.5
58.8
50.9
77.5
58.5
51.1
77.3
58.2
52.9
40.7
40.9
40.9
40.9
40.9
41.0
40.9
41.1
41.1
41.1
41.3
41.0
41.0
3.6
444
3.7
431
3.7
435
3.7
422
3.7
436
3.7
435
3.6
424
3.7
427
3.8
431
3.9
414
4.1
415
3.8
429
3.8
412
41.0
'3.7
'437
'40.8
'3.5
579
578
579
585
583
454
93
91
92
88
89
90
85
89
93
90
93
92
91
93
'89
.329
.318
.322
.303
.308
.301
.283
.286
.299
.292
.291
.274
.277
.285
f. 277
199.92
'201.26
P 198.96
114,568
114,519
114,459
r
199.67
199.53
200.22
199.68
199.74
200.14
199.45
201.05
200.64
200.12
201.07
200.10
113,644
113,230
113,806
113,663
113,500
113,545
113,951
113,811
114,155
114,465
114,478
114,322
108,310
108,267
108,293
108,285
108,139
108,154
108,100
108,142
108,200
108,377
108,496
108,423
45.0
39.6
23,830
61.6
50.0
46.8
44.0
23,613
61.3
46.9
43.4
23,584
61.2
51.4
''47.5
23,548
61.5
45.2
'47.9
23,470
61.4
'49.0
506
23,525
61.3
58.4
r
51.1
23,530
61.6
''42.4
478
23,527
61.4
47.5
49.7
23,532
61.4
'49.6
469
23,755
61.6
47.1
46.1
23,704
61.4
47.9
463
23,791
61.3
'23,459
61.5
'23,364
61.4
'23,318
61.3
8,426
6.7
8,520
6.8
8,501
6.8
8,641
6.9
8,602
6.9
8,891
7.1
8,929
7.1
9,244
73
9,242
7.3
9,155
7.2
9,504
7.5
9,975
7.8
9,760
7.7
9,700
7.6
9,572
7.5
3.1
3.1
3.1
3.1
3.1
3.1
3.2
3.1
3.1
3.2
3.1
3.1
3.2
3.0
3.0
13.8
14.1
„ 1.9
14.2
14.6
14.9
15.3
16.4
17.0
17.1
17.0
18.3
18.6
18.3
18.2
18.3
1.9
5.0
/
2.1
2.3
2.4
2.5
2.5
2.4
2.6
2.9
2.8
2.8
2.7
1.9
51.4
43.5
r
108,594 '108,466 '108,409
3. OUTPUT, PRODUCTION, AND CAPACITY UTILIZATION
554
50
49
474
734
744
754
124
824
Output:
Gross domestic product, bil. 1987$, AR (C.C.C)
Percent change from previous quarter AR
Gross national product, bil. 1987$, AR (C,C,C)
Value of domestic goods output, bil. 1987$, AR (C,C,C)
Industrial production indexes, 1987=100:
Total (CCC)
Durable manufactures (C,C,C)
Nondurable manufactures (C.L.L)
Consumer goods (C L C)
Capacity utilization rates (percent):
Total industry (L C U)
Manufacturing
a (L C U)
4,821.0
-1 2
48364
1,911.2
4,831.8
12
48437
1,918.3
1071
1071
107.9
1075
1080
1078
109.0
1084
1084
1084
109.6
1094
794
798
78.2
78.6
4,892.4
15
4,899.1
1,936.7
4,873.7
29
48907
1,924.0
4,838.5
6
4,848.2
1,915.7
'4,924.5
'27
'1,961.0
1084
1082
1101
1097
1081
107.8
109.6
1100
1074
107.1
109.5
1091
1066
105.8
109.5
1081
1072
1070
109.6
1088
1076
1070
1104
1093
1081
107.6
110.7
1101
1089
109.1
110.9
1108
1085
'1085
'111.0
'1096
'1093
1090
'111.6
'1103
'1089
'109.0
'110.9
'1101
'1086
'108.2
'110.8
'1102
799
798
793
787
780
783
784
787
791
78.8
78.7
78.2
77.7
77.0
77.4
77.5
77.7
78.2
'786
77.8
'791
'78.0
'787
'77.7
'78.4
'77.2
4. SALES, ORDERS, AND DELIVERIES
574
594
74
84
924
324
Sales:
Manufacturing and trade sales, mil. 1982$ (C,C,C)
Sales of retail stores, mil. 1982$ (U.L.U)
Orders and deliveries:
Mfrs.' new orders, durable goods, bil. 1982$ (L.L.L)
Mfrs.' new orders, consumer goods and materials,
bil. 1982$ (L.L.L).
Mfrs.1 unfilled orders, durable goods, mil. 1982$0
Change from previous month, bil. 1982$
Change from previous month, bil. 1982$, smoothed
(L,L,L)t.
Vendor performance, slower deliveries diffusion index,
percent (L,L,L).
5,626,856 '472,688 '474,696
1,457,154 '121,459 '121,785
475,886
121,900
473,830
121,046
466,626
121,289
474,654
124,356
478,523
125,395
479,892
123,531
481,019
123,932
478,395
124,305
484,377 '489,720 '483,858
124,205 '125,514 '125,173 '125,393
1,145.58
1,048.27
99.94
91.00
94.89
91.06
97.83
90.62
97.76
89.73
92.39
85.92
95.63
88.10
95.19
89.08
96.92
88.61
98.62
90.19
96.46
'89.75
99.17
90.78
'96.43
'91.47
392,358
-1.59
-1.31
403,913
.65
-.96
399,487
-4.43
-.99
397,414
-2.07
-1.15
395,078
-2.34
-1.41
392,358
-2.72
-1.73
391,162
-1.20
-1.85
387,088
-4.07
-2.22
384,088
-3.00
-2.54
382,275
-1.81
-2.63
379,305
-2.97
-2.73
47.3
48.8
49.4
50.3
50.6
49.5
48.0
48.7
49.5
47.4
49.9
50.6
52.3
1157
55,065
1157
57,403
1150
'54,462
1157
115.3
'1151
'96.01
'90.11
'95.64
'90.77
376,850 '372,579 '369,370 '364,143
'-4.27
'-3.21
'-5.23
-2.46
-2.97
'-3.13
'-3.50
-2.75
50.7
51.9
5. FIXED CAPITAL INVESTMENT
124
134
10
204
274
94
11
97
61
1004
Formation of business enterprises:
Index of net business formation, 1967=100 (L,L,L) ....
Number of new business incorporations (L,L L)
Business investment commitments:
Contracts and orders for plant and equipment, bil.$
(L.L.L).
Contracts and orders for plant and equipment, bil. 1982$
(L.L.L).
Mfrs.' new orders, nondefense capital goods, bil. 1982$
(L.L.L).
Construction contracts awarded for commercial and
industrial buildings, mil. sq. ft.(L,C,U) © 3.
New capital appropriations mfg bil $ (U Lg U)
Backlog of capital appropriations mfg bil $ (C Lg Lg) 0
Business investment expenditures:
New plant and equipment expenditures by business,
bil.$, AR (C,Lg,Lg).
New plant and equipment expenditures by business
bil.1987$,AR(C,Lg,Lg).
1153
629 901
116.0
53,315
1154
52,284
115.3
53,892
115.1
52,898
116.9
57,469
405.38
33.62
'3225
33.11
35.94
29.81
33.83
33.94
35.72
34.86
33.41
34.48
'32.88
'32.12
'32.58
489.17
41.33
'38.97
41.58
43.77
37.01
42.94
42.98
45.29
'43.87
'43.50
'45.67
'44.45 '
'44.72
'44.37
452.63
38.07
36.24
38.70
41.50
34.75
39.97
39.42
42.46
'39.95
'41.17
'42.89
'41.64
'41.62
'41.83
532.30
42.28
33.96
52.08
39.50
39.94
39.37
46.93
41.43
41.60
35.27
43.73
40.13
42.92
36.48
12987
9551
33.83
'31.90
'9551
9776
528.39
526.59
529.87
48858
48758
49336
NOTE.-The following current high values were reached before August 1991: November 1983-BCI-32 (67.5);
March 1984-BCI-92 change (8.67) and BCI-92 smoothed (4.61); September 1985-BCI-9 (93.19); December 1986BCl-13 (65,691); July 1987—BCI-5 (286); November 1987—BCI-46 (162); December 1988—BCI-7 (115.84), BCI-8
(100.42), and BCI-60 (0.736); January 1989-BCI-40 (25,411) and BCI-82 (85.1); March 1989-BCI-12 (126.5), BCI37 (6,189), and BCI-43 (5.0); 1st Q 1989-BCI-11 (50.01); April 1989-BC1-124 (85.0); May 1989-BCI-45 (2.0);
115.9
54,165
535.72
540.91
-565.16
50020
50599
a
530.64
June 1989-BCI-44 (1.0) and BCI-91 (11.1); 2d Q 1989-BCI-97 (117.90); December 1989-BCMO (43.89), BCI20 (48.56), and BCI-27 (43.50); March 1990-BCI-90 (63.1); April 1990-BCI-92 level (415,789); May 1990-BCI42 (115,095); June 1990—BCI-41 (110,304) and BCI-48 (204.60); 2d Q 1990—BCI-49 (1,975.3) and BCI-50
(4,915.5); August 1990-BCI-57 (489,996); and September 1990-BCI-47 (110.6) and BCI-73 (113.8).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
Series
no.
Series title and timing classification
Year
October 1992 •
1992
1991
Aug. | Sept.
1991
C-3
| Nov.
Oct.
Jan.
Dec.
| Mar.
Feb.
Apr.
May
| June
'432.80
' 427.89
Aug.
July
| Sept.*
5. FIXED CAPITAL INVESTMENT-Continued
69 •
76 •
864
874
88 •
28*
294
894
Business investment expenditures—Continued:
Mfrs.' machinery and equipment sales and business
construction expenditures, bil.$, AR (C.Lg.Lg).
index of industrial production, business equipment,
1987=100 (C,Lg,U).
Gross private nonresidential fixed investment, bil. 1987$,
Total (C Lg C)
Structures (Lg Lg Lg)
Producers' durable equipment (C Lg C)
Residential construction and investment:
New private housing units started, thous., AR (L.L.L)
Index of new private housing units authorized by local
building permits, 1967=100 (L.L.L).
Gross private residential fixed investment bil 1987$ AR
(L.L.L).
437.36
435.42
121.5
121.3
5002
157.6
3426
4987
153.0
3458
1,014
75.5
1,053
75.0
1702
1726
438.49
122.2
443.53
416.37
442.89
122.3
121.4
121.8
424.47
119.9
4921
148.4
3437
1,020
77.7
1,085
79.3
434.40
121.0
449.23
121.5
123.0
124.5
1,118
85.6
1,180
88.2
1773
1,257
91.4
r
124.1
r
442.52
124.5
5147
149.1
3656
4958
149.4
3464
1,085
78.1
'457.56
1,340
87.2
1,086
84.4
1,196
84.1
r
125.1
'435.75
'124.7
'5151
'142.0
f 373.1
1,147
82.3
'1,100
86.1
r
1,239
85.8
'1,256
89.7
'191 4
191 2
1856
429.27
6. INVENTORIES AND INVENTORY INVESTMENT
70
774
304
31 4
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).
Inventory investment:
Change in business inventories bil 1987$ AR(LLL) .
Change in mfg. and trade inventories, bil.$, AR (L.L.L) ..
684.64
1.46
-93
-7.8
680.81
1.44
680.99
1.43
682.42
1.43
682.87
1.44
684.64
1.47
681.68
1.44
6
-2.6
"32.6
27.3
75
10.0
32.1
-48.4
r
681.64
1.42
681.70
1.42
682.35
1.42
680.67
1.42
683.23
1.41
'685.73
1.40
'687.96
'1.42
55
19.1
29.1
78
-7.2
46.1
'42.0
'147
'32.7
-126
7. PRICES
Sensitive commodity prices:
Index of sensitive materials prices, 1982=100
Percent change from previous month
994
Percent change from previous month, smoothed
(L,L,L)t.
98
Index of producer prices for sensitive crude and
intermediate materials, 1982=100 (L,L,L).
Cattle hides
Lumber and wood products
Wastepaper news
Wastepaper, mixed NSA
Wastepaper corrugated
Iron and steel scrap
Copper base scrap
Aluminum base scrap
Other nonferrous scrap, n.e.c., NSA
Sand, gravel, and crushed stone
Raw cotton
Domestic apparel wool
234
Index of spot market prices, raw
industrial materials,
1967=100, NSA (U.L.L)©1.
Copper scrap $ per Ib ©
Lead scrap, $ per Ib. ©
. .
Steel scrap, $ per ton©
Tin, $ per Ib., NSA©
Zinc $perlb NSA©
Burlap, $ per yd., NSA©
Cotton $ per Ib.©
Print cloth, $ per yd., NSA©
Wool tops, $ per Ib., NSA©
Hides, $ per Ib., NSA©
Rosin $ per 100 Ib ©
Rubber, $ per Ib. ©
Tallow $ per Ib ©
Producer Price Indexes:
336
Finished goods, 1982=100
Percent change over 1 -month span
4
Percent change over 6-month span, AR
337
Finished goods less foods and energy, 1982=100
Percent change over 1 -month span
4
Percent change over 6-month span AR
334
Finished consumer goods, 1982=100
Percent change over 1 -month span
+
Percent change over 6-month span, AR
333
Capital equipment 1982=100
Percent change over 1 -month span
Percent change over 6-month span, AR
332 •
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
331
Percent change over 1 -month span
4
Percent change over 6-month span AR
Fixed-weighted price index gross domestic business
311
product, 1987=100.
4
Percent change from previous quarter AR
Consumer Price Indexes for all urban consumers:
320
All items 1982-84=100 NSA
Percent change over 1 -month span
....
4
Percent change over 6-month span AR
All items less food and energy, 1982-84=100
323
Percent change over 1 -month span
4
Percent change over 6-month span AR
Services 1982-84=100
Percent change from previous month, AR
Percent change from previous month, AR, smoothed
1204
(Lg,Lg,Lg)t.
118.20
-1.43
-.60
116.63
-1.33
-.75
115.94
-.59
-.82
116.20
116.48
116.14
116.54
118.64
120.31
120.39
-29
.34
180
141
-37
-21
-10
-.72
-.53
-.39
-.21
.17
.56
121.21
'-04
.85
120.51
.24
121 .26
r
.79
'.81
12076
.22
.71
.50
.30
136.19
134.47
134.59
134.66
134.82
135.84
136.08
139.83
141.97
141.97
'142.03
141.20
141.10
140.77
142.88
1734
132.1
101 7
1614
132.6
1555
133.3
1637
136.4
1687
1388
1725
1439
1663
146.3
161 0
146.3
1689
'146.1
1702
144.8
1649
1432
1698
1442
923
1571
133.7
91 6
1637
134.3
897
532
892
525
831
556
892
567
905
928
537
912
528
856
1652
1476
1700
1430
135.8
128.7
1160
1541
1429
1656
1396
132.5
129.0
1029
54.4
1430
1458
1609
133.9
129.9
129.2
1059
941
529
834
641
959
549
1461
1470
1649
1285
127.5
129.4
999
151 8
1464
1639
125.6
126.3
129.6
948
1542
1439
1658
125.4
124.0
129.8
957
1551
1382
1557
1237
122.6
129.7
91 9
150 1
1384
1625
1349
127.8
129.3
874
51 9
1400
141 8
1762
1441
137.0
130.7
970
51 1
1353
1346
1767
1451
139.7
130.8
927
1790
1483
1001
51 5
1347
1364
1654
1339
134.2
131.0
954
51 7
1496
1436
161 4
1386
133.6
130.2
848
1509
1419
1591
1459
136.8
130.1
856
'563
'1522
'1399
'161 9
'1462
' 135.8
130.0
882
1493
1390
1695
141 0
134.3
130.3
895
686
726
725
670
660
669
725
783
884
871
908
850
854
848
847
283.0
276.9
271.9
271.7
271.0
269.2
265.6
262.8
268.0
278.1
281.5
284.2
285.7
283.1
284.7
811
817
.138
97.097
3.585
137
141
149
161
168
177
175
168
156
153
168
96.907
3.555
98.319
3.545
90326
•3.677
89.321
3769
89510
3.756
91.185
3.870
91 .241
4.032
91.065
4.352
88589
4503
86022
4409
87280
4.344
848
863
156
126
123
96.257
3.417
91707
3.645
95755
3.628
808
784
825
854
827
825
873
911
1 017
986
895
601
598
518
505
546
593
573
562
601
640
665
673
635
663
673
.282
.698
.834
4.172
.847
60226
.284
642
.855
3962
.772
61 856
.431
.272
.639
.880
3852
.742
61287
.437
.272
.591
.880
3.670
.752
60914
.457
.271
.563
.880
3.738
.755
59880
.469
.271
.567
.816
3.980
.710
58997
.460
.271
552
.782
3888
.706
59172
.271
529
.758
4040
.696
59113
.271
534
.787
4000
.768
59406
.258
578
.744
4000
60729
.252
563
.700
4000
.730
60914
.249
.539
.696
3840
.764
60729
144
137
136
132
126
120
434
124
456
134
.269
.520
.782
4000
.800
59821
.465
.266
538
.782
4000
.764
60181
435
122
.271
.529
.730
3.775
.678
58997
.429
139
465
133
459
144
466
164
467
155
121.5
1218
122.1
122.2
122.1
1219
1222
122.4
122.8
'123.1
123.3
1234
123.5
123.9
134.2
'-2
15
121.9
'2
134.5
2
134.3
1
134.6
2
121.9
122.0
1
122.5
4
457
130
121.7
o
.1
.2
1.0
.2
1.2
.2
1.2
.1
1.2
-.1
1.0
_2
1.1
132.0
2
132.2
2
132.4
2
133.1
5
131.1
3
131.3
2
131.7
3
29
2.2
2.5
3.1
2.9
29
32
120.5
-1
120.2
.3
120.4
2
120.8
.3
120.9
.1
120.7
-2
120.2
-4
-.5
.8
1.0
.7
.7
.7
.5
1267
1269
1271
1273
1275
1277
1283
2
2.3
1
1.4
2
1.6
2
2.4
2
2.4
2
2.7
5
28
2
r
1.5
133.2
1
2
2.0
3
2.5
2
2.1
2
2.5
765
1
1
133.6
3
134.1
4
27
21
120.6
3
r
1.2
1284
120.8
2
121.1
2
'134.5
'3
17
'121.6
'4
20
28
2.3
2.8
1288
1291
1292
1291
1293
1294
1294
113.8
16
114.0
'114.5
115.2
115.2
115.2
115.4
.4
2.7
'100.0
'1.7
'.6
2.8
101.1
'1.1
11 2
1
2.7
3
22
2
1
1.6
_1
.9
o
2
1
114.1
-.2
-2.3
101.2
-1.0
-108
99.1
-2
-1 0
1175
1179
118.6
1194
'1203
'1209
38
26
21
28
'28
'20
1362
.2
30
142.1
4
1366
.3
33
143.0
.4
.3
o
114.3
.2
-.5
98.4 ,
-7
-20
137.2
.4
3.1
143.6
.4
114.0
114.0
-.3
-1.1
100.5
2.1
0
-.7
100.4
-.1
-.2
-40
137.4
.2
3.1
143.9
.2
137.8
.4
3.1
144.4
.3
113.9
113.2
113.7
-.1
-.9
98.3
-2.1
-.6
0
97.3
-1.0
.4
r
.9
99.0
1.7
.1
2.3
97.3
-1.7
.2
3.6
98.3
1.0
-22
-43
'-8
58
80
137.9
.2
3.4
144.7
.2
138.1
.1
34
145.1
.3
3
35
r
114.4
138.6
.3
29
145.7
.4
1393
.5
31
146.4
.5
139.5
.2
3.2
146.8
.3
41
139.7
.1
3.2
147.1
.2
140.2
.3
2.6
147.4
.2
42
40
38
38
38
39
41
38
38
36
3.2
26
1463
4.6
4.6
1470
4.2
3.8
147.6
5.0
3.9
148.1
4.1
4.0
148.6
4.1
4.1
149.2
5.0
4.3
149.7
4.1
4.3
150.0
2.4
4.1
150.7
5.7
4.2
151.2
4.1
4.2
151.4
1.6
3.9
151.8
3.2
3.6
NOTE.-The following current high values were reached before August 1991: November 1983-BCI-99 smoothed
(2.09); February 1984-BCI-28 (2,260) and BCI-29 (158.5); 1st Q 1984-BCI-30 (79.9); 2d Q 1985-BCI-87 (199.1);
March 1986-BCI-77 (1.58); 3d Q 1986-BCI-89 (231.3); October 1986-BCI-99 change (3.37); December 1988BCI-31 (98.6); March 1989-BCI-99 index (135.83); April 1989-BCI-23 (335.0); November 1989-BCI-70 (705.14);
February 1990-BCI-69 (461.12); 1st Q 1990-BCI-86 (544.8); September 1990-BCI-76 (126.4) and BCI-120
r
119.49
-.50
-.65
smoothed (6.6); and January 1991-BCI-120 change (9.7).
See page C-6 for other footnotes.
0
101.1
0
140.5
0
101.0
-.1
140.9
o
.2
102.6
1.6
141 3
.1
.3
.2
147.7
.2
148.0
.2
148.3
.2
152.2
3.2
3.4
152.6
3.2
3.2
152.8
1.6
2.9
SURVEY OF CURRENT BUSINESS
C-4 • October 1992
Series
no.
Year
1992
1991
Series title and timing classification
1991
Aug. | Sept. |
| Feb.
Jan.
Oct. | Nov. | Dec.
| Apr.
Mar.
May
June
|
Aug.
July
| Sept.*
8. PROFITS AND CASH FLOW
16*
18*
22*
81 *
264
35
Profits and profit margins:
Corporate profits after tax bil $, AR (L,L,L)
Corporate profits after tax, bil. 1987$, AR (L.L.L)
Ratio corporate domestic profits after tax to corporate
domestic income, percent (L,L,L).
Ratio, corporate domestic profits after tax with IVA and
CCAdj to corporate domestic income, percent (U.L.L).
Ratio implicit price deflator to unit labor cost all
persons, nonfarm business sector, 1 982=1 00(L,L,L).
Corporate net cash flow bil 1987$ AR(LLL)
2107
181.5
55
5.9
207.4
177.5
54
209.6
180.2
56
5.8
2297
197.9
60
232.7
199.3
63
6.7
66
6.0
1025
1024
1028
1033
1037
4182
4204
4270
4592
4635
9. WAGES, LABOR COSTS, AND PRODUCTIVITY
62*
370
•
358 •
Index of labor cost per unit of output, mfg., 1987=100 ...
Percent change from previous month, AR
Percent change from previous month, AR, smoothed
(Lg,Lg,Lg)t.
Productivity:
Index of output per hour, all persons, business sector,
1982=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.
106.2
107.2
106.9
108.0
107.4
107.1
-4.4
-2.2
11.9
-3.3
13.1
-6.5
-3.3
r
'106.8
'-1.1
'106.5
'-3.3
'-1.1
107.0
1.2
3.1
106.6
2.3
109.7
109.9
110.7
111.8
0
1.6
108.3
1.7
2.5
108.5
3.3
25
109.1
40
1.2
110.2
110.7
-1.1
-.9
1.6
-.5
1.7
1.1
106.9
'-2.2
'.3
'-.4
'106.5
'0
'-1.4
'106.2
'-3.3
'-1.9
'106.3
1.1
'-1.7
'106.8
'5.8
'-.6
112.2
10. PERSONAL INCOME AND CONSUMER ATTITUDES
52
51*
58
83*
122
123*
Personal income:
Personal income, bil. 1987$, AR (C,C,C)
Personal income less transfer payments, bil. 1987$, AR
(C.C.C).
Indexes of consumer attitudes:
Consumer sentiment, U. of Michigan, 1966:1=100, NSA
(L,L,L)©'.
Consumer expectations,
U. of Michigan, 1966:1=100,
NSA^UL)©1.
Consumer confidence, The Conference Board, 1985=100
(L,L,L).
Consumer expectations, The Conference Board,
1985=100 (L,L,L).
4,024.8
3,382.2
4,026.2
3,379.4
4,026.0
3,379.1
77.6
82.0
83.0
70.3
75.3
76.4
68.5
76.1
72.9
85.8
96.8
95.4
4,040.7
3,384.5
4,025.9
3,372.1
4,066.5
3,399.0
69.1
68.2
67.5
70.5
61.9
61.5
59.1
60.1
52.7
52.5
50.2
79.5
69.7
72.6
68.7
78.3
4,079.1
3,388.7
4,058.5
3,372.5
4,076.2
3,386.0
4,070.9
3,377.6
4,078.4
3,380.7
4,076.5 '4,078.4 '4,085.3 '4,088.2
3,377.3 '3,376.3 '3,378.5 '3,380.5
76.0
77.2
79.2
80.4
76.6
76.1
75.6
61.8
70.3
70.5
71.2
70.7
67.6
69.5
67.4
47.3
56.5
65.1
71.9
72.6
61.2
59.0
57.3
63.5
76.7
89.7
96.9
95.9
80.1
78.3
74.2
68.8
11. SAVING
290
295
292
298*
293*
Gross saving, bil.$, AR
Business saving bil $ AR
Personal saving bil $ AR
Government surplus or deficit bil $ AR
Personal saving rate percent
708.2
701.9
199.6
-193.3
4.7
679.4
693.9
191.0
-205.6
4.5
698.2
715.4
219.4
-2366
5.1
682.9
735.9
232.3
-285.2
5.3
6775
735.4
214.6
-272.6
49
'2007
'4.5
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES
85*
102*
105
106*
107
108
93
94
Money:
Percent change in money supply M1 (L,L,L)
Percent change in money supply M2 (L,C,U)
Money supply M1 bil 1982$ (ILL)
Money supply M2 bil 1982$ (ILL)
Velocity of money:
Ratio, gross domestic product to money suppy M1
(C,C,C).
Ratio, personal income to money supply M2 (C,Lg,C) ....
Bank reserves:
Free reserves, mil.$, NSA (L,U,U)$
Member bank borrowings from the Federal Reserve,
.18
618.6
2,400.3
1.422
1.425
1.430
1.424
1.438
622
764
586
645
834
261
785
108
788
192
.76
.07
611.9
2,408.1
6.601
6.596
1.419
882
373
1.02
1.19
.40
623.8
2,401.5
1.37
'.23
635.3
'2,405.9
.40
'-.14
651.1
'2,397.2
.05
658.1
'2,395.0
1.436
1.441
1.445
'1.449
1.455
'1.459
990
77
939
91
1,049
90
845
155
684
229
681
284
647.9
2,41 8.0
.86
'.04
771
233
r
1.22
-.26
'-.27
654.6
'2,382.0
'6.123
6.215
6.301
' 1.434 •
1.33
.95
'1.62
-.08
.25
'.28
659.9
666.8
'676.3
'2,376.9 '2,376.3 '2,378.0
649.8
'2,405.5
2.26
'.78
r
6.464
NOTE.-The following current high values were reached before August 1991: January 1983-BCI-102 (2.82); May
1983-BCI-123 (124.3); July 1983-BCI-14 (829.2); February 1984-BCI-39 (1.78); March 1984-BCI-58 (101.0) and
BCI-83 (97.7); 1st Q 1984-BCI-22 (7.0); May 1984-BCI-93 (-2,381); June 1984-BCI-111 (22.7); August 1984BCI-94 (8,017); 4th Q 1984-BCM07 (7.058); March 1985-BCI-113 (138.85); 3d Q 1985-BCI-81 (8.4); 4th Q
1985-BCM10 (983,756); 1st Q 1986-BCI-26 (105.1); December 1986-BCI-85 (2.50); May 1988-BCI-106
.75
.24
627.2
2,402.2
.63
.06
613.7
2,401.1
.70
.25
609.2
2,409.6
'1.453
'684
251
P 1.459
707
287
(2,473.4); October 1988-BCI-53 (671.2); 4th Q 1988-BCI-18 (215.1); February 1989-BCI-122 (120.7); May 1989BCI-112 (119.74); April 1990-BCI-51 (3,484.8); December 1990-BCI-62 change (31.3); and March 1991-BCI-62
smoothed (8.9).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
Series
no.
Series title and timing classification
Year
1991
1992
1991
Aug.
Sept. |
C-5
October 1992
Jan.
Oct. [ Nov. | Dec.
| Feb. | Mar. | Apr. |
May | June
| July
| Aug. | Sept.*
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES-Continued
66
72
101*
95*
119*
114*
116*
115*
117
118
109*
19*
Outstanding debt:
Consumer installment credit outstanding, mil.$
(Lg,Lg,Lg)0.
Commercial and industrial loans outstanding, mil.$,
(Lg.Lg.Lg).
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg).
Ratio, consumer installment credit outstanding to
personal income, percent (Lg.Lg.Lg).
Interest rates (percent, NSA):
Federal funds rate (L Lg Lg)
Discount rate on new 91 -day Treasury bills (C.Lg.Lg)
Yield on new high-grade corporate bonds (Lg.Lg.Lg)
Yield on long-term Treasury bonds (C.Lg.Lg)
Yield on municipal bonds, 20-bond average (U.Lg.Lg) ....
Secondary market yields on FHA mortgages (Lg.Lg.Lg) .
Average prime rate charged by banks (Lg.Lg.Lg)
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L,L,L).
727,799
727,311
727,449
729,225
727,960
727,799
728,618
728,395
727,404
723,821
722,928 '722,919 '721,820 '720,861
449,234
440,656
434,866
434,230
433,507
427,799
423,933
427,137
427,309
425,768
423,653 "418,429 -420,353 '"419,348 '416,106
385,475
379,222
374,562
373,050
372,429
369,110
366,724
368,222
368,053
366,095 " 361 ,479
15.13
15.00
14.96
14.91
14.89
14.72
14.74
14.60
14.52
14.43
14.36
"14.35
-14.30
'14.30
569
566
545
5.41
9.05
8.16
6.92
9.25
8.46
5.39
8.88
8.17
6.90
9.14
8.50
5.25
8.79
7.96
6.80
9.06
8.20
5.21
5.03
8.81
7.88
6.68
8.71
8.00
4.81
4.60
8.72
7.83
6.73
8.69
7.58
4.43
4.12
8.55
7.58
6.69
8.10
7.21
4.03
3.84
8.36
7.48
6.54
8.72
6.50
4.06
3.84
8.63
7.78
6.74
8.74
6.50
3.98
4.05
8.62
7.93
6.76
8.85
6.50
3.73
3.81
8.59
7.88
6.67
8.79
6.50
3.82
3.66
8.57
7.80
6.57
8.66
6.50
3.76
3.70
8.45
7.72
6.49
8.56
6.50
3.25
3.28
8.19
7.40
6.13
8.12
6.02
3.30
3.14
7.96
7.19
6.16
8.08
6.00
3.22
2.97
7.99
7.08
6.25
8.06
6.00
376.18
389.40
387.20
386.88
385.92
388.51
416.08
412.56
407.36
407.41
414.81
408.27
415.05
417.93
418.48
93,877
91.1
10201
10,960
89.8
16848
5,059
89.1
8,462
89.1
4,946
88.8
8,425
88.1
11 134
8,075
86.7
11,262
6,126
86.2
12961
6,730
85.6
12393
8,101
84.7
10996
5,854
84.2
10098
7,167
83.6
14 142
r
5,630
'82.9
'9807
'6',398
'82.2
'5,396
'81.2
1,159
3238
1 146
321 9
1 141
1 137
1 129
3147
1 124
1 116
1 108
3136
1 098
1 084
1 076
311 7
1 065
1 054
422,389
38,533
89,427
487129
50154
68,941
415,962
489,398
-73 436
34,463
3,209
7,258
41 078
4381
6,314
104,151
124,325
-20 174
35,466
3,292
7352
41 266
3391
6066
37,653
3,610
7,948
40948
3312
5644
107946
125 168
-17222
37,083
3,112
7,318
42668
3464
6005
36,405
3,584
7,522
43469
4202
6036
35,717
3,109
7,504
42859
3939
5,989
'107580
'131,998
'-24418
38,163
3,729
8,210
44893
4749
5,918
'37,805
3,621
7858
'45082
5209
5675
35,506
3,417
7598
44512
4164
5815
1089
1085
'110
118.1
'1093
'1089
'119.0
'115
'117
r
355,203
r
356,836 ''356,588 ' 353,231
13. NATIONAL DEFENSE
525
548
557
570
564*
Defense Department prime contract awards mil $
Manufacturers' new orders, defense products, mil.$
Index of industrial production, defense and space
equipment, 1987=100.
Employment, defense products industries, thous
Federal Government purchases national defense bil $ AR
'1 045
'318 1
14. EXPORTS AND IMPORTS
602
604
606
612
614
616
618*
620*
622
Exports, excluding military aid shipments, mil.$
Exports of domestic agricultural products, mil.$
Exports of nonelectrical machinery, mil.$
General imports mil$
Imports of petroleum and petroleum products, mil $ ... .
Imports of automobiles and parts, mil.$
Merchandise exports, adjusted excluding military, mil.$ ll ....
Merchandise imports, adjusted, excluding military, mil.$ ....
Balance on merchandise trade mil $ *
35,280
3,254
7,609
41 757
3958
6,161
36,840
3,502
7,656
42712
4041
6,150
37,268
3,290
7,996
41382
3736
5,941
107,851
126,390
-18539
36,052
3,594
7,749
41 674
3968
5,539
15. INTERNATIONAL COMPARISONS
47*
721 *
728*
725*
726*
722*
727*
723 *
320
+
738
4
735
4
736
4
732
737 *
733 *
*
19*
748*
745*
746*
742*
747*
743*
750*
758*
755*
756*
752*
757*
753*
Industrial production indexes (1987=100):
United States
OECD, European countries2
Japan
Federal Republic of Germany
France
United Kinodom
Sy
r:
Canada
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
1071
110
124.1
1080
109
110
122.8
123.7
118
110
100
117
111
100
117
110
100
1081
1050
964
970
1362
30
1150
1084
'111
123.9
1081
111
108
111
112
111
110
110
123.8
122.0
121.5
120.6
117.2
117.6
115.6
117
111
1074
1066
1072
1076
1081
118
110
100
113
109
100
119
111
99
120
110
100
118
110
99
117
111
100
117
110
99
'109
1088
'101
1066
1125
1056
967
953
964
111 6
'964
1054
972
1095
'956
1120
975
966
1099
'961
'1081
'960
'100
'1082
'954
1366
1372
1374
1378
1379
1381
1386
1393
1395
1397
1402
1405
1409
33
31
31
31
34
34
29
31
32
32
26
1151
1164
1166
1160
1158
1175
12
1200
1176
16
1205
1175
1166
1169
1207
1207
1209
1149
1157
35
28
25
23
35
31
3
1163
23
1160
1168
1170
1174
1179
1180
1185
1192
1197
21
116
99
'1086
141 3
121 2
4.1
6.0
47
28
34
38
34
'31
39
41
36
30
1372
1377
1380
1386
1389
1391
1394
1398
1402
1405
1409
141 0
141 4
141 5
1637
163 1
1632
179 1
1792
1798
1456
1456
1455
2.9
35
35
32
37
34
28
29
26
26
20
1569
1576
1581
1587
1593
1594
1593
160 1
1606
1631
1637
4.2
4.3
3.9
3.7
4.0
4.0
4.6
4.3
3.7
3.4
2.9
2.7
171 0
1723
1735
1740
1754
1759
1766
1773
1783
1789
1700
Percent change over 6-month span, AR
Canada NSA
Percent change over 6-month span, AR
Stock price indexes (1967=100, NSA):
United States
japan
Federal Republic of Germany
France
United Kingdom
Italy
.
. .
Canada
Exchange rates:
Exchange value of U.S. dollar, index: March 1973=100,
NSA .
Foreign currency per U.S. dollar (NSA):
Japan (yen)
Federal Republic of Germany (d mark)
France (franc)
United Kingdom (pound)
Italy (lira)
Canada (dollar)
1084
1703
4.1
5.8
3.9
5.3
1431
1439
1437
2.8
1.8
.8
1.3
409.2
423.6
1,668.4 1,593.0
3263
3170
8142
8326
1 1455 12005
321.7
3258
392.1
397.5
421.2
1,612.8
3302
871 7
1221 6
3152
382.8
420.8
1,694.0
3158
861 7
12071
3047
397.3
93.47
91.18
90.69
136.82
134.51
1 6585
1 7435
59244
5.6388
.5667
.5938
1 239 62 1 303 31
1 1460 1 1452
134.30
1 6933
5.7621
.5792
1 266 25
1 1370
89.73
1434
5.0
5.4
54
56
57
50
54
51
1440
1434
1440
18
1441
8
1446
11
1446
15
1449
1452
24
21
.3
7
419.8
1,631.8
3132
8569
1 1776
3064
390.3
4226
1,533.4
301 3
8097
1 1306
2994
396.9
4526
1,474.7
3151
891 2
1 1776
321 3
4063
4488
1,426.0
3267
9078
1 1957
3262
4047
4431
1,333.0
331 6
9204
1 1782
3121
3856
4432
1,176.0
3349
951 3
1 2071
311 0
3792
451 2
1,242.8
3377
9694
1 2842
3022
3828
87.98
85.65
86.09
88.04
90.44
89.84
88.30
130.77
129.63
1 6893
1 6208
5.7583
5.5391
.5803
.5619
1 263 20 1 221 04
1 1279
1 1302
128.04
133.54
125.46
127.70
132.86
1 5630
1 5788
1 6186 1 6616 1 6493
53406
53858
55773
55088
56400
5528
.5473
.5693
.5625
5801
1 18221 1 18976 1 21592 1 248 28 1 241 55
1 1571 1 1825
1 1874
1 1467
1 1928
1638
4441
451 5
4546
4552
1,132.7 '1,093.9
1,176.0
1,242.8
3162
'2922
3358
'2903
9388
8953
8580
9004
1 1800 ' 1 080 6'1 0134 ' 1 044 6
'2947
'2492
'2620
'2275
3828
3891
3845
3726
85.91
82.57
80.97
130.77
126.84
125.88
12623
1 6225
1 4914 1 4475
1 5726
50321
49119
54548
52940
.5526
.5391
.5215
.5146
1 22095 1 18952 1 12983 1 10000
1 1991 1 1960 1 1924
1 1907
81.98
122.60
1 4514
49378
.5416
1 17621
1 2225
16. ALTERNATIVE COMPOSITE INDEXES
990*
991*
992*
993*
1967=1 0044§
CIBCR long-leading composite index,
CIBCR short-leading composite index, 1967=1 00 §
BEA coincident composite indexes: 5
Modified methodology 1982=1 00 §
Stock and Watson methodology, Aug. 1982=1005§
238.1
204.0
240.3
'207.0
241.3
208.0
243.7
208.6
242.7
'209.0
241.6
'207.3
'244.0
211.0
'246.7
'211.8
246.4
'213.4
'247.3
'213.8
'249.5
'216.3
'250.2
'215.9
'252.7
'217.4
'253.2
'217.7
'253.8
'216.6
1244
129.5
'1247
'130.4
'124.8
'130.8
'124.9
'130.8
'124.6
'130.5
'124.5
'129.8
124.3
'129.3
124.8
'129.7
1249
'130.1
125.0
'130.7
125.2
'131.3
1252
'131.2
1256
'132.0
'125.3
'131.5
'1253
'131.3
NOTE.-The following current high values were reached before August 1991: May 1984-BCM18 (15.01); June
1984-BCM15 (13.00), BCI-116 (14.49), and BCI-117 (10.67); August 1984-BCI-109 (13.00), BCI-114 (10.49), and
BCI-119 (11.64); September 1989-BCI-95 (16.05); July 1990-BCM01 (409,650); October 1990-BCI-72 (476,867);
and November 1990-BCI-66 (736,742).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
C-6 • October 1992
FOOTNOTES FOR PAGES C-l THROUGH 05
a
AR
c
©
e
Anticipated.
Annual rate,
Corrected.
Copyrighted,
Estimated.
Available data for later period(s) listed in notes.
NSA
p
r
•
§
o
Not seasonally adjusted.
Preliminary.
Revised.
Graph included for this series.
Major revision-see notes.
End of period.
L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks, troughs, and overall. Series classifications
are shown in parentheses following the series titles.
t Cyclical indicator series denoted by J are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to composite indexes,
and current high values,
t Cyclical indicator series denoted by t 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 C47 and C-48.
Page C-1
NOTE.—Major data revision: The composite indexes of leading, coincident, and lagging indicators
(BCI-910, -920, and -930), the ratio of the coincident to lagging composite indexes (BCI-940), and
the corresponding diffusion indexes (BCI-950, -951, and -952) have been revised from January 1987
forward. (See the box below.)
* Preliminary October 1992 values: BCI-32 = 48.9, BCI-19 = 412.50, and BCI-109 = 6.00.
1. Data include initial claims made under the July 1992 Emergency Unemployment Compensation
amendments. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
3. Excludes BCI-57, for which data are not available.
4. Excludes BCI-77 and BCI-95, for which data are not available.
Page C-2
* Preliminary October 1992 values: BCI-32 = 48.9; anticipated 4th quarter 1992 values: BCI-61 =
562.36 and BCI-100 = 529.98.
1. Data include initial claims made under the July 1992 Emergency Unemployment Compensation
amendments. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Data exclude Puerto Rico, which is included in figures published by the source agency.
3. Copyrighted. This series may not be reproduced without written permission from McGraw-Hill
Information Systems Company, F.W. Dodge Division, 1221 Avenue of the Americas, New York, NY
10020.
Page C-3
* Preliminary October 1992 value: BCI-23 = 277.9.
1. Copyrighted. This series may not be reproduced without written permission from Commodity
Research Bureau, Inc., 75 Wall Street, 22d Floor, New York, NY 10005.
Page C-4
NOTE.—Major data revision: The series on funds raised by private nonfinancial borrowers in credit
markets (BCI-110) has been revised by the source from 1952 forward to incorporate benchmark revisions
and new seasonal adjustment factors. For further information, contact the Board of Governors of the
Federal Reserve System, Division of Research and Statistics, Flow of Funds Section, Washington, DC
20551.
* Preliminary October 1992 values: BCi-122 = 53.0, BCI-123 = 69.6, and BCI-85 = 1.78.
1. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
Page C-5
NOTE.—Major data revisions:
CIBCR long-leading and short-leading composite indexes (BCI-990 and BCI- 991) have been revised by the source from 1987 forward to incorporate revised data for component series. For further
information, contact the Center for International Business Cycle Research (CIBCR), Graduate School of
Business, Columbia University, New York, NY 10027.
Alternative BEA coincident composite indexes (BCI-992 and BCI-993) have been revised from 1987
forward to incorporate revised data for component series. For further information, contact the U.S.
Department of Commerce, Bureau of Economic Analysis, Business Outlook Division, Washington, DC
20230.
* Preliminary October 1992 values: BCI-119 = 3.15, BCI-114 = 2.80, BCI-116 = 8.14, BC1-115 =
7.20, BCI-117 = 6.36, BCI-109 = 6.00, BCI-19 (1941-43=10) = 412.50, BCI-19 (1967=100) = 448.7,
BCI-748 = 1,173.9, BCI-745 = 279.2, BCl-746 = 849.4, BCI-742 = 1,103.6, BCI-747 = 247.0, BCI-743
= 353.6, BCI-750 = 84.26, BCI-758 = 120.68, BCI-755 = 1.4680, BCI-756 = 4.9794, BCI-752 = 0.5962,
BCI-757 = 1,304.52, and BCI-753 = 1.2464.
1. Balance of payments basis: Excludes transfers under military grants and Department of Defense
sales contracts (exports) and Department of Defense purchases (imports).
2. Organisation for Economic Co-operation and Development.
3. This index is the weighted-average exchange value of the U.S. dollar against the currencies of
the other G-10 countries plus Switzerland. Each country is weighted by its 1972-76 global trade. For a
description of this index, see the August 1978 Federal Reserve Bulletin (p. 700).
4. This index is compiled by the Center for International Business Cycle Research (CIBCR), Graduate
School of Business, Columbia University, New York, NY 10027.
5. For an explanation of this index, see The Composite Index of Coincident Indicators and Alternative
Coincident Indexes" in the June 1992 SURVEY.
Annual Revision of Composite Indexes
The composite indexes of leading, coincident, and lagging indicators (series 910, 920, and 930) have been revised from January 1987 through August 1992. These
revisions incorporate revised data for component series but do not involve changes in the composition of the indexes or in the standardization or trend factors. One leading
index component, average weekly initial claims for unemployment insurance (series 5), has been redefined to include initial claims made under the July 1992 Emergency
Unemployment Compensation amendments. 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.
SURVEY OF CURRENT BUSINESS
October 1992 • C-7
Composite Indexes
Aug. Apr.
P T
Apr. Feb.
P
T
Dec. Nov.
P
T
Nov. Mar.
P
T
Jan. July July Nov.
PT
P
T
lajging
95, m 109,
-
coircident index >o lagg ng
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE—The numbers and arrows indicate length of leads (-) and lags (+) in months from business
cycle turning dates. Current data for these series are shown on page C-1.
C-8
SURVEY OF CURRENT BUSINESS
• October 1992
Composite Indexes: Rates of Change
Percent change over 3-month span, annual rate
Composite Indexes: Diffusion
Percent 01 components rising over 6-month span
liffus on indi jx of 4 coincident indie
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
October 1992
Composite Indexes: Leading Index Components
Aug. Apr.
Apr. Feb.
P T
P
T
Stale prog rams
usands—inverted scale
consumer gaods a id materials ndustres(bil
iffusion inde>
equip nent in 1982
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—Current data for these series are shown on page C-1.
• C-9
C-10 • October 1992
SURVEY OF CURRENT BUSINESS
Composite Indexes: Leading Index Components—Continued
Aug. Apr.
P T
Apr. Feb.
P T
mits authoriz >d by I >cal bi ilding Dermit (inde
Chingeir manufactu
unf lied orders
lars, durable gooc Is industries
Cl lange i isens live material; p
19. Stock prices, 50) comr ion stocks (ir dex: 1941-43=10)
SS.Cpnsum r expectatior s, U. of Michigan2 (index:
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 tor these series are shown on page C-1.
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.
SURVEY OF CURRENT BUSINESS
October 1992
Composite Indexes: Coincident Index Components
Aug. Apr.
PT
Apr. Feb.
P T
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85
NOTE.—Current data for these series are shown on page C-1.
87 88 89 90 911992
• C-ll
C-12
•
October 1992
SURVEY OF CURRENT BUSINESS
Composite Indexes: Lagging Index Components
Aug. Apr.
Apr. Feb.
P T
P T
to sales ir 1982 dollars (ratio)
Tianufacturing, smoothed1
personal incom 5 (percent)
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 auloregressive-moving-average filter developed by Statistics Canada.
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
October 1992
Employment and Unemployment
Dec. Nov.
P
T
Nov. Mar.
P
T
weekly overtime flours o
Jan. July July
F T P
Nov.
T
on or nonsupervisory workers, manufacturing (hours)
Help -wanted advertisi ig in newspapers (ind
Employee hou
nonag icultural establis iments (ann
Employees cnnonag icultural payrolls
ucmg industries (millions)
90. Ratio, civilian emplc yment tc populat on of working age (percer
Civil an unerr ployment rate (percent-Inverted scale)
1964 65
66 67
68 69
70 71 72 73 74 75 76 77 78 79 80 81
NOTE.—Current data for these series are shown on page C-2.
82 83 84 85
86 87
88 89 90
91 1992
• C-13
C-14
•
SURVEY OF CURRENT BUSINESS
October 1992
Output, Production, and Capacity Utilization
Dec. Nov.
P
T
Nov.
P
Mar.
T
Jan. July July
P T
P
Nov.
T
toss dc mestic product
Industrial prod
manufactures (index: 1987=100)
productio i, durable manufactures (index
industrial production
goods (index: 1987
82. Capacity utilization rat ), manufacturing (percent)
1964 65
66 67
68 69 70
71 72 73 74 75
NOTE.—Current data for these series are shown on page C-2.
76 77
78 79 80
81
82 83 84 85
86 87
88 89
90
91 1992
SURVEY OF CURRENT BUSINESS
October 1992
Sales and Orders
19 32 dollars (bil
Manufacturers
ble gooes Industries (bil
Wages and Consumer Attitudes
iges andisalaries
, manufactur ng, and
Consumer expe
1964 65
66 67
68
69 70 71
72 73
74
NOTE.—Current data for these series are shown on pages C-2 and C-4.
75
1 heConference Board (index: 1985=100)
L,L,L
76 77
78
79
80 81
82 83 84 85
86 87 88
89 90
91 1992
• C-15
C-16
SURVEY OF CURRENT BUSINESS
• October 1992
Fixed Capital Investment
Dec. Nov.
P
T
Nov.
P
Mar.
T
Jan. July July
P T
P
Nov.
T
formatic n (index: 1967=1CO)
mercial and industrial
avg.)
1964 65
67
68
69
70
71
72
73
74
75
76 77
1. This is a copyrighted series used by permission; it may not be reproduced without written
permission from McGraw-Hill Information Systems Company, F.W. Dodge Division.
78 79
80 81
82 83 84 85 86
87 88
89
NOTE.—Current data for these series are shown on page C-2.
90
91 1992
SURVEY OF CURRENT BUSINESS
October 199.2
• C-17
Fixed Capital Investment—Continued
Dec. Nov.
P
T
Nov. Mar.
P
T
Jan. July July
F T P
July
P
Nov.
T
600-
100. New plai 1 and eq jipment expenditures by bjusines
1987 dolars,Q'(ann. rate
500400-
300-
200J
600-
69. Maniifacturer machinery and i squipmem sales and
business construction expend! ures (am. rates.bl.dol.)
500400-
300-
200-
140120-
lalpriduction business equipment (index: 1987=100)
100-
8015
o
CO
60-
40J
onresider tial fixed investm
1957dollars-
700600500400-
d arable equipment
300-
200-
150-
100-
1964 65
66 67
68 69 70
71 72
73
74 75
1. Dotted line represents anticipated expenditures.
NOTE.—Current data for these senes are shown on pages C-2 and C-3.
76 77 78
79 80
81
82
83
84 85
86 87
88 89
90
91 1992
C-18 • October 1992
SURVEY OF CURRENT BUSINESS
Fixed Capital Investment—Continued
Dec. Nov.
P
T
Nov.
P
Mar.
T
Jan. July July
P T
P
Nov.
T
Inventories and Inventory Investment
Change in business inven
Change in manufacturing
1964 65
66 67
68 69
70
71 72
73 74
NOTE.—Current data lor these series are shown on page C-3.
75 76
77
78 79
80 81
82
83
84
85
86
87
88
90
91 1992
October 1992 • C-19
SURVEY OF CURRENT BUSINESS
Prices and Profits
400-1
350300250-
200150-
100J
280240200-
160120-
80-
met taj in current dollars
40 J
corporate tomestic profits after tax t) corpor; te domestic
22.
141210864'
corporate domesti : profits after tax vith IVA and CCA Jj to
pors te domestic incoi ie, Q (percent)
2
cost, nc nfarm business
108-i
106104102100-
1964 65
66 67
68
69 70
71
72
73
74
75
IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment.
NOTE.—Current data for these series are shown on pages C-3 and C-4.
76
77
78
79
80
81
82
83
84 85
86
87
88
90
91 1992
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.
1
C-20
SURVEY OF CURRENT BUSINESS
October 1992
Money, Credit, and Interest Rates
Jan.July
P T
July
P
Nov.
T
ney supply M1 (i ercent)1
Fe Jeral fun Js rate (percent)
new issues
of 91-day Treasury bills (per
Netcha
(ann. ra
new issues of high-grade
e bonds (percent
Treasury bonds! (percent
1980 81
82 83 84 85
86
87 88
90 91 1992
1. The heavy line is a centered 6-term moving average.
NOTE.—Current data for these series are shown on pages C-4 and C-5.
1980 81
82 83 84 85
86
87
88 89
90
91 1992
SURVEY OF CURRENT BUSINESS
October 1992
Alternative Composite Indexes
CIBCR leading irdexes-
Long-le; ding ind w (19674100)
Short-leading index (1967
ncident indexes-•
Modified methodology1 (
Stock and Watson methodology1 (Aug. 1982=100)
1964 65
66 67 68
70
71 72 73 74 75 76 77
78 79 80 81 82 83 84 85
CIBCR Center for International Business Cycle Research (Columbia University).
1. See The Composite Index of Coincident Indicators and Alternative Coincident Indexes,* SURVEY
OF CURREOT BUSINESS 72 (June 1992): 42-45.
86 87 88 89 90
NOTE.—Current data for these series are shown on page C-5.
91 1992
• C-21
C-22
•
October 1992
SURVEY OF CURRENT BUSINESS
Prices
Jan.July July
PT
P
Other Measures
Nov.
T
July
P
Jan. July
P T
July
P
Nov.
T
July
P
_L
Percent change at annual rate
311c. Fixec -weighted price ii x, gross
ness prdduct (1-0 span)
Consumer Price Indexes for all
108642-
6-month span
n consumers—
20
400-40-80- <
^05
-120-160- W
-200-240-280
3 !3c. All ii ems less food and energy
Producer Price ndexes-336c. Fir ished goads-
20100-10-
37Qf. Change in output per hour, all persons,
business sector (ann. rate, percent)
10-
span
5-
"Y
337c. Finished goods less foods and energy
20-
0-
1-quajrtersparv^'
100-
-5-
-10-
334<:. Finished consul ner goods
20100-10-
333c. Capital equipment
332c. In ermediale materii Is, supp ies, and components
1980 81
200-
100-10-
150-
20-
82 83
84 85
86
87
403020100-10-20-3088
89
90
91 1992
NOTE.—Current data for these series are shown on pages C-3, C-4, and C-5.
400350300250-
20-
100-10-
331 c. € rude mai erials foi further j
504, federal Government puj •chases for national
defense, Q (ann . rate, bil. dol.)
650550-
620. Merchandise imports, adjusted,
nilitary, Q (ann. rate, bil. i
450350250-
618. Merchandise exports,
' adjusted, !
1980 81
82
83
84 85
86
87
88
150J
90
91 1992
SURVEY OF CURRENT BUSINESS
International Industrial Production
Jan.July
P T
July
P
Nov.
T
October 1992
International Consumer Prices
Jan. July
P T
July
P
Nov.
T
Percent change over 6-month span, annual rate
Consumer prices—
320c. United States
721. OjECD European countries
,
^4f-t««-
— ——
A.
722. United Kingdom
1980 81
82 83 84 85
86
87 88
89
NOTE.—Current data for these series are shown on page C-5.
90 91 1992
1980 81 82 83
84 85
86 87
88
90 91 1992
•
C-23
C-24
•
October 1992
SURVEY OF CURRENT BUSINESS
International Stock Prices
Jan. July July
P T
P
International Exchange Rates
Nov.
T
Jan. July July
F T P
Nov.
T
-aveerage exchange value of
Marbh 1973=100)
Index: 1967=100
Stock! rtees—
Foreign currency
758. Japan (yen
755. Federal Rei>ubl c of
745. Federal Republic of Germany
Germany (a. mark)
2600
2200
748. Ja oan
A=v
1800
1400
742. Un ted King torn
-Afv/v,
-- _
2000
1800
1600
1400
1200
753. Canada (dollar)
1980 81
82 83
84 85
86 87
88 89 90 91 1992
NOTE.—Current data for these series are shown on page C-5.
1980 81
82 83 84 85
86 87
88 89 90
91 1992
October 1992 •
SURVEY OF CURRENT BUSINESS
C-25
Historical Data for Selected Series
YEAR
Jan.
Mar.
Feb.
May
Apr.
June
July
Nov.
Oct.
Sept.
Aug.
Annual
Dec.
910. Composite index of 11 leading indicators (1982=100)
1948
1949
37.9
35.7
37.5
35.5
37.8
35.3
38.2
34.8
37.7
34.9
38.3
34.8
38.1
35.5
37.7
36.3
37.1
37.4
37.2
37.6
36.9
38.3
36.3
38.9
37.6
36.3
1950
1951
39.8
46.9
41.4
40.3
46.2
41.7
41.3
44.7
41.8
44.7
42.4
42.4
44.2
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
41.2
43.5
42.7
44.3
45.6
41.3
44.9
41.8
44.9
45.6
41.3
44.3
41.7
45.8
45.4
41.0
44.3
41.3
46.7
45.8
41.2
44.5
41.4
47.4
43.3
43.2
43.0
43.3
44.0
51.2
50.6
47.0
51.3
50.4
50.3
50.5
46.6
48.6
53.0
54.0
52.9
55.2
49.3
54.8
53.7
53.8
59.9
61.7
57.2
60.2
44.8
41.4
44.9
41.8
40.7
45.9
41.8
44.8
42.0
1955
1956
1957
1958
1959
48.2
51.1
49.1
50.7
49.7
50.9
49.9
51.0
50.2
50.2
50.3
49.9
50.8
50.3
50.6
50.4
51.0
50.2
50.9
50.4
50.0
46.5
53.8
49.8
46.1
54.5
49.5
46.5
55.3
49.1
46.7
55.3
49.1
47.6
55.4
49.0
48.5
55.4
48.7
49.7
55.2
48.6
50.6
54.7
47.9
51.5
54.8
47.5
52.1
.54.5
1960
1961
54.3
54.6
60.6
62.8
66.6
53.4
53.4
55.4
60.6
63.3
67.0
56.1
60.3
63.8
67.5
53.5
56.8
59.7
64.3
68.0
53.5
57.4
59.1
64.2
68.2
53.7
57.5
59.5
64.1
69.0
53.9
58.4
59.6
64.3
69.5
54.0
58.0
60.0
64.8
70.1
53.8
58.8
60.2
65.1
70.3
53.7
59.4
1963
1964
55.0
54.2
59.9
62.2
66.1
1965
1966
1967
1968
1969
71.7
75.8
73.3
78.0
83.1
71.7
76.0
72.9
78.7
82.9
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
72.5
75.4
74.5
79.2
82.3
72.8
75.1
75.4
79.6
81.8
72.7
74.4
76.5
79.2
81.7
73.3
74.0
76.7
80.2
81.9
74.1
73.3
76.9
81.4
81.1
1970
79.0
79.8
88.1
97.3
95.5
77.9
80.8
89.0
97.8
94.4
77.2
81.8
89.9
97.8
94.9
76.3
82.8
90.3
97.6
93.1
76.7
83.2
90.8
97.6
92.7
76.9
83.3
91.4
97.5
91.1
76.6
83.3
92.5
97.4
90.0
76.6
83.4
93.6
96.6
87.7
76.7
83.9
94.5
97.0
85.3
76.5
84.6
95.0
96.9
83.4
78.0
93.0
98.5
78.0
94.0
99.3
78.7
94.4
81.2
94.4
83.1
95.3
84.3
96.1
85.7
97.3
86.9
97.4
99.7
100.3
104.1
104.5
100.8
104.3
105.1
1952
1953
1954
1962
1971
1972
1973
1974
1975
1976
1977
101.3
104.5
104.6
101.1
104.6
103.1
101.5
105.0
102.7
61.2
65.4
70.8
65.6
71.2
64.2
68.7
74.9
73.1
77.2
81.9
80.5
75.6
72.8
78.1
82.3
80.2
73.0
75.0
75.1
79.8
82.0
76.9
85.4
95.9
97.2
81.1
78.7
87.0
96.8
95.8
79.1
77.2
83.3
92.3
97.2
89.0
88.2
97.7
89.2
97.5
90.1
98.0
90.6
98.8
101.9
106.1
103.0
101.8
107.1
101.6
102.3
106.3
100.8
103.1
105.4
100.6
84.5
96.2
102.5
104.1
102.8
99.2
98.5
97.8
97.8
101.8
121.1
119.4
103.0
121.9
120.1
104.7
122.1
120.3
101.2
100.0
116.2
121.7
101.0
104.6
103.6
1979
101.9
105.3
102.9
105.5
103.0
106.1
1980
1981
101.2
102.8
101.5
101.5
102.0
1982
1983
97.2
98.9
98.3
106.8
123.1
109.1
123.4
111.4
123.3
113.5
123.3
115.3
123.0
116.9
121.8
118.2
121.3
118.4
120.9
101.1
100.0
100.6
119.6
120.6
121.4
128.4
136.8
139.5
146.0
121.7
129.4
137.7
141.2
145.6
122.2
130.4
138.2
141.5
144.5
121.8
131.5
138.7
141.6
145.2
122.7
131.5
139.2
142.0
143.7
123.8
132.4
140.7
143.5
143.5
124.1
132.8
142.5
142.5
143.2
125.1
132.9
143.0
143.1
143.6
125.8
132.9
143.0
143.0
144.0
126.0
134.4
142.1
143.1
143.6
126.2
135.3
140.0
143.4
144.1
127.6
137.1
139.5
144.8
145.2
124.0
132.4
140.1
142.4
144.4
1991
145.5
139.1
144.2
140.8
145.4
141.8
145.3
142.2
146.0
143.1
145.8
143.2
145.7
145.2
143.8
145.2
142.8
145.0
141.4
145.2
139.9
144.9
139.9
144.7
143.8
143.4
1948
38.4
38.3
37.0
38.1
36.7
36.1
36.0
35.3
35.8
39.3
36.4
39.4
37.8
38.1
37.4
38.5
1949
39.0
35.4
38.6
35.7
38.8
36.2
1950
36.4
43.9
44.3
37.3
44.1
38.2
44.2
44.9
44.8
49.5
45.1
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
42.6
44.1
47.7
49.5
45.3
39.2
44.3
44.9
49.5
44.8
42.4
48.6
45.9
36.3
43.8
45.0
49.0
45.9
42.5
44.2
47.9
47.2
46.2
43.5
44.3
48.4
46.3
46.6
40.3
44.1
45.8
48.7
45.4
47.5
52.0
53.4
47.9
51.6
48.4
52.0
53.2
. 47.3
52.3
49.0
52.4
52.6
46.6
53.2
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
53.5
50.3
51.9
52.5
48.5
51.8
50.8
52.4
51.9
48.9
51.7
51.2
1958
1959
47.2
52.0
52.9
48.9
51.1
52.9
51.3
49.3
51.4
51.6
52.7
50.6
50.5
52.1
51.9
53.2
49.6
50.2
53.9
49.8
52.2
52.1
48.3
52.5
1960
1961
1962
1963
1964
54.7
51.0
54.7
56.6
59.7
54.5
50.8
55.3
57.1
60.3
54.2
51.1
55.7
57.3
60.4
54.2
51.4
56.0
57.7
61.1
53.9
52.0
56.0
58.0
61.5
53.6
52.7
56.0
58.1
61.6
53.3
52.8
56.3
58.4
62.2
53.0
53.3
56.5
58.4
62.6
52.7
53.4
56.4
58.8
63.0
52.6
54.1
56.6
59.2
62.4
51.8
54.8
56.9
59.0
63.5
51.2
55.1
56.6
59.6
64.6
53:3
52.7
56.1
58.2
61.9
1965
1966
1967
1968
1969
64.7
70.9
75.0
77.5
82.0
65.1
71.3
74.7
78.1
82.4
65.9
72.2
74.7
78.4
83.1
66.2
72.3
74.8
78.7
83.2
66.6
72.7
74.8
79.2
83.4
67.1
73.5
75.0
79.8
83.8
67.9
73.6
75.2
80.2
84.4
68.0
73.8
75.8
80.2
84.6
68.3
73.9
75.8
80.5
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
67.4
73.1
75.5
79.8
83.8
1970
1971
1972
83.5
81.5
85.4
94.4
96.3
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
82.7
82.2
87.8
95.4
95.2
82.4
82.4
87.6
95.8
95.2
82.5
82.1
88.2
96.2
95.2
82.1
81.8
89.4
96.1
94.5
81.9
82.6
90.2
96.4
94.1
80.1
82.7
91.6
97.5
93.7
79.4
83.4
93.0
98.3
91.5
80.9
84.2
94.1
82.1
82.3
88.9
97.2
88.6
96.1
94.2
87.2
84.4
84.8
89.8
95.3
85.9
90.8
95.7
84.8
92.0
97.8
85.1
92.2
98.6
85.5
92.6
99.3
86.7
92.7
99.6
87.2
93.0
87.7
92.7
87.7
94.1
88.3
95.2
101.1
110.5
102.1
110.9
103.5
112.0
106.0
110.2
106.4
111.4
107.2
111.1
107.4
111.0
108.0
110.8
100.4
108.5
110.4
100.9
109.5
110.7
101.3
110.1
110.6
101.8
110.9
110.4
86.3
92.3
98.7
1980
1981
1982
111.0
108.5
102.1
110.5
108.2
103.0
109.5
108.0
102.6
107.4
107.8
102.0
104.1
108.4
104.9
108.3
105.6
107.5
107.1
106.3
108.1
105.1
108.5
103.8
98.2
97.3
97.2
97.0
1983
1984
97.9
97.6
98.4
104.3
107.9
100.5
101.4
112.5
102.3
113.0
102.1
113.1
104.1
113.5
105.4
113.4
106.2
114.2
107.6
114.9
107.2
107.3
100.0
101.9
112.3
1978
1984
1985
1986
1987
1988
1989
^1990
98.0
95.3
103.5
99.1
93.6
103.7
99.4
94.9
102.7
98.8
96.9
102.0
99.4
98.9
102.1
98.8
920. Composite index of 4 coincident indicators (1982=100)
1951
1952
1953
1954
1955
1956
1957
1973
1974
1975
1976
1977
1978
1979
,
....
,..
91.0
96.6
91.7
97.2
392
39.3
39.4
43.9
47.0
48.4
45.0
34.7
48.2
45.3
106.7
110.8
109.1
110.2
110.7
111.0
105.2
107.4
101.7
100.2
111.4
1988
1989
114.9
118.1
120.0
126.4
132.4
115.5
118.1
121.8
127.1
132.3
116.0
118.0
122.0
128.0
132.4
116.4
119.4
122.3
128.2
133.0
116.4
118.7
122.5
128.4
132.2
116.0
118.4
122.9
129.1
132.0
115.7
118.4
123.6
129.3
131.4
116.4
118.7
124.1
129.5
T32.4
116.7
119.7
124.3
129.5
131.7
116.6
119.4
126.1
131.0
131.6
117.0
119.8
125.5
130.8
132.2
118.0
121.1
127.0
131.8
132.4
116.3
119.0
123.5
129.1
132.2
1990
1991
131.5
125.5
132.7
124.5
133.2
123.9
132.8
124.2
133.1
124.7
133.4
125.0
132.8
125.0
132.4
124.6
131.3
124.6
130.1
124.6
128.8
123.7
127.8
123.3
131.7
124.5
1985
1986
1987
99.1
99.6
98.9
C-26 • October 1992
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series—Continued
YEAR
Jan.
Mar.
Feb.
Apr.
June
May
July
Sept.
Aug.
Nov.
Oct.
Annual
Dec.
930. Composite index of 7 lagging indicators (1982=100)
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 .
32.3
34.9
34.5
38.7
43.5
45.9
50.2
45.4
52.4
58.2
61.6
54.8
63.4
64.5
62.2
64.9
68.2
71.1
76.2
82.2
82.4
87.6
93.2
89.3
85.4
87.6
97.7
32.6
35.1
32.7
34.9
32.7
34.8
32.8
35.0
34.4
39.4
43.4
46.4
49.7
34.2
34.4
40.4
43.5
47.7
34.4
45.3
52.6
57.7
60.0
55.1
40.0
43.7
46.7
48.8
45.6
53.4
58.2
59.7
47.8
45.4
54.6
58.5
58.5
55.6
32.8
34.5
33.1
34.4
34.3
41.5
45.1
49.0
46.7
34.2
41.7
44.8
49.4
45.9
55.8
58.9
56.2
46.7
56.1
59.0
55.0
47.0
57.7
59.0
54.2
49.2
57.2
60.7
53.4
40.9
44.2
48.8
47.4
34.0
34.6
34.7
34.2
34.6
34.4
33.4
34.6
35.5
41.7
44.8
49.9
45.6
36.9
41.9
44.7
50.0
45.5
38.3
42.1
45.1
50.4
45.4
38.0
42.9
45.6
50.7
45.6
35.3
41.1
44.5
48.7
47.1
49.6
57.8
61.8
54.5
64.4
50.8
57.6
61.5
54.8
65.3
51.9
58.0
62.2
54.4
52.0
57.7
62.6
55.2
65.2
64.2
47.9
55.9
59.9
56.5
59.7
63.8
61.3
64.3
61.1
64.6
61.6
64.9
62.2
64.3
67.3
70.6
64.5
68.0
70.3
64.8
68.2
63.6
66.2
69.3
34.3
33.8
34.0
34.0
34.0
41.8
45.4
49.0
46.5
45.8
57.0
58.6
59.6
61.5
66.0
62.3
63.4
66.4
61.6
64.0
66.4
61.0
64.1
66.1
68.8
65.8
61.0
64.2
66.7
68.7
65.0
63.0
63.0
65.1
69.0
69.6
64.1
61.3
64.2
67.0
70.0
71.9
76.9
82.4
82.8
87.9
72.2
77.2
82.7
83.5
88.4
72.8
78.1
82.7
84.1
89.2
73.5
79.1
82.4
84.5
90.0
74.1
80.9
82.4
85.9
91.2
74.2
81.1
82.7
86.0
91.7
74.8
81.2
82.7
86.0
92.1
75.5
82.3
82.2
86.2
92.2
76.0
82.3
82.5
86.7
93.6
88.9
85.0
88.7
97.8
94.2
88.2
85.7
93.3
87.2
92.7
86.8
86.3
92.3
87.7
91.7
87.9
86.4
94.4
91.3
87.1
86.5
89.5
97.1
92.3
103.5
100.2
102.5
101.0
100.0
88.0
86.9
92.5
98.8
87.9
87.2
92.7
87.8
108.3
101.2
104.9
63.9
64.3
62.3
65.1
68.4
55.2
64.7
63.6
62.5
64.9
89.5
97.4
85.9
90.8
98.6
65.3
68.7
91.1
99.5
73.3
79.7
73.4
80.6
82.8
84.9
90.9
82.9
84.9
91.0
92.6
85.9
86.9
92.0
92.0
86.6
86.8
93.1
86.6
92.9
94.9
90.9
86.5
86.3
95.7
100.1
100.4
100.7
102.1
101.9
102.3
88.1
86.7
88.0
87.2
90.7
87.9
86.7
96.9
87.1
94.6
86.9
87.8
92.7
88.1
93.4
91.0
86.2
89.0
94.2
89.9
86.3
89.3
94.8
88.8
86.3
89.9
95.3
101.1
101.1
102.4
102.8
103.7
105.2
113.6
112.3
102.2
101.4
109.7
103.3
101.7
104.9
103.5
101.1
101.1
103.9
98.7
105.7
101.7
91.0
96.4
90.9
97.9
90.1
99.6
90.1
90.4
99.7
91.4
98.6
91.4
97.1
91.6
100.9
101.8
103.2
104.3
105.3
110.8
109.8
113.7
118.7
106.2
112.5
109.8
114.1
119.1
105.9
111.6
110.0
114.6
118.7
106.6
111.7
109.9
114.4
119.6
106.8
111.6
110.1
114.9
120.1
107.7
111.9
110.3
114.7
120.5
107.9
111.7
110.3
115.2
120.8
120.1
120.5
120.1
120.2
120.6
120.1
121.0
118.2
120.5
116.2
120.0
114.3
120.4
113.7
119.6
112.6
118.9
108.3
116.9
106.6
117.1
106.0
116.5
105.$
117.4
103.1
119.5
104.3
118.7
102.6
105.5
113.4
101.8
105.9
105.5
111.2
103.7
105.6
109.1
110.2
102.7
106.0
111.0*
109.4
103.0
103.8
114.0
108.3
101.6
101.4
116.6
106.7
122.6
104.5
98.9
96.5
91.4
92.4
92.8
94.4
94.5
96.4
104.0
104.9
106.1
99.2
90.9
79.4
93.2
98.9
92.5
97.4
91.4
79.8
93.6
79.2
94.7
86.3
79.1
87.9
87.2
87.5
85.3
79.0
88.8
87.7
88.2
91.0
93.0
91.2
94.1
90.5
92.7
90.7
94.3
93.7
87.5
93.3
98.8
108.8
100.7
103.5
111.4
99.6
99.4
102.1
91.9
94.0
91.7
95.3
105.5
110.7
111.3
113.3
117.6
1990 .
1991 .
1948 ,
1949 .
1950 .
1951 .
1952 .
1953 .
1954 .
1955 .
1956 .
1957 .
1958 .
1959 .
1960 .
1961 .
1962 .
1963 .
1964 .
1965 .
1966 .
1967 .
99.4
70.5
92.5
73.6
79.6
82.6
84.8
90.4
92.3
87.4
86,2
93.1
87.0
96.3
91.2
97.8
106.1
107.2
107.3
102.8
97.4
98.4
105.3
104.9
101.2
104.3
95.2
92.7
93.0
93.6
105.5
102.8
100.0
105.1
105.0
105.0
100.7
108.4
110.8
111.9
115.6
120.7
109.4
111.8
111.8
115.7
121.4
109.7
111.4
112.4
116.9
121.4
110.1
110.4
112.3
116.8
121.2
107.5
111.4
110.8
115.0
120.0
119.5
111.6
119.2
111.3
119.1
111.1
119.7
110.8
120.0
115.1
115.9
105.3
114.6
107.7
115.9
100.3
112.4
103.5
111.6
103.8
116.3
104.8
125.4
105.5
102.2
119.4
105.3
104.9
115.4
105.3
106.7
111.0
105.0
106.2
114.5
103.3
106.1
97.0
98.7
96.4
93.7
91.3
96.3
98.8
97.8
114.2
107.3
102.9
100.1
99.6
101.8
102.2
90.3
96.0
91.3
98.3
89.1
94.8
91.4
940. Ratio, coincident composite index to lagging composite index (1982=100)
93.6
1970 .
1971 .
1972 .
1973 .
1974 .
1975 .
1976 .
1977 .
1978 .
1979 .
1980 ,
1981 ,
1982 ,
1983 .
1984 ,
1985 ,
1986 ,
1987 ,
1988 .
1989 .
1990 .
1991 .
100.6
101.0
96.5
106.6
107.2
102.2
102.4
100.8
99.4
87.2
79.7
95.7
92.9
89.0
86.0
92.0
90.7
86.5
90.8
84.2
90.7
84.0
89.7
80.3
91.8
83.4
90.0
78.7
90.9
81.4
92.8
79.9
99.8
92.2
79.2
90.9
84.0
104.1
93.4
89.0
83.1
94.2
83.8
80.3
89.1
88.3
87.9
83.4
81.7
80.7
83.5
88.3
88.8
89.5
85.6
87.5
88.6
89.0
80.3
86.6
87.8
80.5
87.4
88.0
87.6
89.9
82.2
87.1
82.4
81.6
88.9
88.6
88.6
80.6
89.7
88.2
86.8
90.3
79.3
89.4
87.3
87.4
91.6
82.2
84.8
88.1
87.9
89.3
91.3
93.5
90.3
93.9
94.0
90.9
92.6
90.4
90.6
91.9
90.8
93.7
92.7
91.5
92.2
90.6
94.0
92.2
92.5
91.3
90.7
94.5
92.7
91.8
91.2
92.0
93.4
92.8
92.0
91.1
91.7
93.6
92.5
92.5
90.3
93.6
94.8
91.5
92.8
90.5
94.4
94.5
91.2
91.7
91.8
91.5
94.1
92.7
107.9
93.6
93.3
108.1
88.3
87.9
87.8
90.0
92.4
91.6
91.4
94.2
92.4
93.4
87.2
85.8
88.4
89.6
91.3
89.0
91.5
88.4
92.4
89.0
93.8
89.2
94.7
89.0
95.9
89.7
88.9
93.3
89.3
94.0
87.7
94.9
87.3
96.4
90.4
94.8
97.5
89.0
94.2
100.0
107.8
100.8
107.3
101.1
106.3
101.9
104.6
101.7
104.7
100.8
104.1
101.6
103.3
103.2
103.4
104.4
102.1
105.9
102.7
107.8
102.7
109.3
100.1
103.2
104.1
.
89.4
85.6
94.1
85.1
85.0
84.4
87.5
89.6
93.5
95.1
97.6
99.0
99.7
99.8
102.0
109.7
109.3
111.8
103.3
109.7
110.1
111.6
103.6
110.4
110.9
113.4
105.3
110.7
114.3
109.0
105.9
111.0
113.9
110.2
107.0
110.8
113.8
108.5
107.3
111.2
113.3
108.0
107.4
110.8
113.3
106.8
107.3
111.2
113.0
104.9
106.3
111.2
113.7
104.3
108.5
111.1
112.6
103.2
100.3
110.2
111.5
112.8
102.9
106.2
110.8
112.6
107.9
102.5
107.2
101.6
107.4
99.2
99.5
106.5
116.1
109.9
100.2
102.1
114.6
108.8
107.2
97.3
104.3
115.0
109.4
101.9
104.4
100.1
111.4
111.6
98.6
97.8
97.7
96.0
95.7
95.1
94.8
93.8
92.2
92.0
93.1
98.3
94.5
93.7
95.1
108.5
100.3
109.0
113.4
105.1
100.3
111.2
111.8
104.5
103.8
104.2
107.0
101.7
98.8
98.5
99.2
99.6
106.4
115.6
108.4
100.5
108.1
114.8
112.5
111.5
113.2
111.0
111.7
109.6
113.9
108.8
110.0
100.9
100.2
115.1
107.9
108.9
106.7
107.8
111.6
112.6
109.7
106.6
110.9
111.8
111.5
109.2
104.9
111.1
112.2
111.2
109.9
107.0
111.2
111.9
112.0
109.2
106.3
111.5
112.2
110.5
108.6
106.1
111.6
112.4
109.9
107.4
105.8
112.1
112.7
109.0
107.9
106.3
112.5
112.4
109.6
107.7
108.0
111.1
112.0
109.1
106.6
106.8
112.8
113.2
108.4
106.7
107.5
111.7
111.9
108.9
107.2
109.7
113.1
112.8
109.2
108.3
106.8
111.5
112.3
110.2
109.5
104.1
110.5
103.6
110.4
103.2
109.8
105.1
110.5
107.3
111.2
109.4
110.3
109.9
110.7
110.7
109.9
111.6
109.1
111.9
108.1
111.3
106.8
111.3
109.7
108.3
104.7
99.5
SURVEY OF CURRENT BUSINESS
October 1992 •
C-27
Historical Data for Selected Series—Continued
YEAR
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
1991
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 .
1991 .
Jan.
20.0
100.0
65.0
60.0
54.5
54.5
90.9
31.8
18.2
45.5
81.8
27.3
54.5
54.5
77.3
72.7
72.7
68.2
63.6
36.4
86.4
9.1
72.7
86.4
63.6
45.5
9.1
81.8
36.4
18.2
36.4
72.7
22.7
36.4
72.7
72.7
77.3
63.6
31.8
50.0
72.7
36.4
36.4
20.0
100.0
50.0
60.0
55.0
72.7
90.9
54.5
9.1
36.4
90.9
36.4
77.3
63.6
86.4
90.9
63.6
81.8
36.4
59.1
72.7
9.1
100.0
100.0
81.8
0
36.4
90.9
63.6
72.7
36.4
9.1
45.5
36.4
100.0
81.8
45.5
72.7
81.8
31.8
54.5
72.7
27.3
Feb.
Mar.
27.8
35.0
90.0
45.0
65.0
59.1
72.7
90.9
13.6
36.4
36.4
81.8
36.4
72.7
72.7
81.8
63.6
50.0
63.6
54.5
63.6
36.4
9.1
72.7
81.8
54.5
18.2
36.4
54.5
54.5
54.5
50.0
59.1
18.2
54.5
81.8
63.6
54.5
63.6
54.5
72.7
36.4
36.4
63.6
20.0
100.0
55.0
60.0
36.4
72.7
90.9
18.2
9.1
54.5
81.8
54.5
100.0
22.7
90.9
81.8
63.6
63.6
45.5
682
36.4
18.2
100.0
90.9
63.6
0
50.0
90.9
63.6
68.2
18.2
9.1
36.4
54.5
100.0
72.7
54.5
86.4
68.2
50.0
27.3
54.5
59.1
Apr.
66.7
25.0
65.0
40.0
60.0
59.1
72.7
63.6
36.4
31.8
63.6
72.7
9.1
81.8
45.5
72.7
50.0
63.6
63.6
40.9
63.6
31.8
18.2
77.3
68.2
45.5
59.1
45.5
54.5
45.5
45.5
81.8
18.2
50.0
45.5
90.9
54.5
45.5
54.5
63.6
59.1
31.8
77.3
36.4
20.0
100.0
30.0
50.0
27.3
77.3
90.9
27.3
9.1
77.3
81.8
9.1
90.9
27.3
81.8
77.3
68.2
50.0
54.5
59.1
27.3
9.1
90.9
81.8
63.6
18.2
72.7
86.4
68.2
72.7
27.3
18.2
27.3
59.1
100.0
45.5
63.6
63.6
72.7
86.4
22.7
45.5
63.6
May
June
Aug.
Sept.
Oct.
Dec.
Nov.
950. Diffusion index of 11 leading indicator components (percent rising over 1-month span)
0
20.0
20.0
61.1
33.3
61.1
30.0
90.0
70.0
40.0
60.0
90.0
70.0
60.0
80.0
30.0
80.0
80.0
30.0
50.0
55.0
20.0
10.0
45.0
45.0
80.0
60.0
90.0
60.0
65.0
9.1
18.2
36.4
40.9
18.2
27.3
72.7
63.6
86.4
90.9
90.9
90.9
36.4
68.2
68.2
54.5
63.6
63.6
36.4
40.9
54.5
9.1
40.9
54.5
22.7
45.5
27.3
27.3
40.9
40.9
81.8
54.5
90.9
90.9
90.9
90.9
22.7
36.4
54.5
45.5
54.5,
27.3
36.4
45.5
45.5
59.1
45.5
54.5
86.4
90.9
100.0
72.7
81.8
27.3
18.2
45.5
45.5
68.2
18.2
81.8
63.6
77.3
54.5
50.0
72.7
45.5
72.7
72.7
81.8
72.7
63.6
59.1
54.5
72.7
54.5
40.9
45.5
59.1
36.4
18.2
22.7
18.2
45.5
13.6
100.0
86.4
72.7
45.5
54.5
77.3
36.4
45.5
90.9
54.5
59.1
50.0
59.1
22.7
31.8
18.2
31.8
54.5
36.4
63.6
63.6
45.5
54.5
9.1
63.6
50.0
68.2
45.5
54.5
54.5
68.2
81.8
54.5
54.5
63.6
81.8
36.4
45.5
27.3
54.5
36.4
63.6
36.4
9.1
4.5
22.7
27.3
9.1
72.7
68.2
86.4
90.9
90.9
90.9
54.5
45.5
90.963.6
54.5
63.6
36.4
59.1
63.6
59.1
59.1
63.6
72.7
68.2
68.2
45.5
45.5
54.5
63.6
22.7
27.3
31.8
54.5
27.3
100.0
81.8
27.3
9.1
90.9
63.6
36.4
54.5
18.2
36.4
0
90.9
36.4
72.7
68.2
27.3
59.1
50.0
86.4
81.8
59.1
90.9
90.9
100.0
36.4
36.4
45.5
45.5
22.7
45.5
36.4
59.1
81.8
40.9
63.6
81.8
36.4
45.5
54.5
54.5
54.5
63.6
59.1
72.7
86.4
45.5
45.5
59.1
45.5
45.5
13.6
50.0
63.6
54.5
36.4
45.5
50.0
18.2
50.0
63.6
36.4
36.4
18.2
27.3
31.8
63.6
36.4
72.7
77.3
54.5
59.1
40.9
70.0
55.0
50.0
60.0
50.0
36.4
100.0
45.5
40.9
36.4
72.7
31.8
18.2
81.8
63.6
72.7
63.6
81.8
13.6
54.5
86.4
18.2
54.5
72.7
54.5
45.5
13.6
72.7
54.5
54.5
63.6
13.6
81.8
36.4
90.9
90.9
27.3
72.7
68.2
54.5
31.8
31.8
27.3
45.5
15.0
80.0
15.0
40.0
60.0
36.4
77.3
63.6
59.1
0
81.8
27.3
45.5
63.6
90.9
50.0
72.7
72.7
18.2
59.1
72.7
13.6
54.5
68.2
81.8
54.5
9.1
81.8
54.5
77.3
45.5
18.2
77.3
36.4
90.9
68.2
59.1
40.9
72.7
22.7
45.5
50.0
36.4
36.4
950. Diffusion index
55.6
30.0
90.0
25.0
80.0
18.2
90.9
90.9
27.3
18.2
90.9
54.5
18.2
90.9
36.4
81.8
72.7
45.5
40.9
63.6
72.7
27.3
9.1
68.2
81.8
45.5
22.7
90.9
77.3
72.7
63.6
36.4
9.1
18.2
63.6
100.0
18.2
59.1
45.5
81.8
77.3
9.1
45.5
90.9
10.0
100.0
65.0
50.0
70.0
27.3
90.9
63.6
54.5
9.1
100.0
27.3
45.5
86.4
86.4
63.6
90.9
81.8
36.4
72.7
90.9
9.1
63.6
100.0
72.7
36.4
0
100.0
54.5
45.5
54.5
18.2
81.8
18.2
81.8
81.8
36.4
81.8
72.7
36.4
81.8
54.5
0
36.4
10.0
100.0
40.0
70.0
90.0
45.5
90.9
45.5
27.3
13.6
90.9
45.5
40.9
90.9
86.4
90.9
63.6
72.7
36.4
72.7
90.9
0
81.8
100.0
81.8
36.4
9.1
90.9
63.6
54.5
40.9
36.4
72.7
18.2
100.0
81.8
36.4
86.4
81.8
40.9
54.5
40.9
18.2
63.6
of 11 leading indicator components (percent rising over 6-month span)
44.4
22.2
11.1
33.3
0
50.0
100.0
100.0
90.0
100.0
80.0
70.0
80.0
80.0
80.0
20.0
30.0
20.0
20.0
20.0
100.0
80.0
80.0
80.0
60.0
9.1
18.2
18.2
9.1
9.1
86.4
100.0
77.3
90.9
90.9
68.2
63.6
72.7
81.8
72.7
36.4
13.6
18.2
63.6
36.4
18.2
18.2
18.2
0
0
100.0
100.0
100.0
100.0
100.0
22.7
36.4
18.2
9.1
27.3
36.4
36.4
36.4
36.4
54.5
100.0
81.8
90.9
100.0
100.0
72.7
22.7
31.8
18.2
81.8
77.3
68.2
63.6
81.8
63.6
72.7
86.4
72.7
81.8
90.9
63.6
81.8
50.0
81.8
90.9
18.2
13.6
0
0
9.1
90.9
90.9
90.9
90.9
81.8
90.9
45.5
59.1
81.8
90.9
18.2
18.2
27.3
0
0
18.2
18.2
45.5
63.6
27.3
81.8
81.8
63.6
63.6
63.6
72.7
100.0
100.0
95.5
90.9
36.4
36.4
40.9
31.8
27.3
9.1
9.1
9.1
0
0
86.4
100.0
90.9
81.8
100.0
72.7
72.7
59.1
68.2
63.6
72.7
63.6
59.1
63.6
63.6
63.6
54.5
81.8
63.6
63.6
18.2
31.8
27.3
9.1
27.3
86.4
100.0
100.0
27.3
45.5
9.1
9.1
0
63.6
9.1
72.7
45.5
54.5
54.5
54.5
81.8
100.0
90.9
81.8
100.0
36.4
27.3
36.4
27.3
27.3
81.8
81.8
72.7
81.8
81.8
72.7
81.8
45.5
54.5
63.6
68.2
54.5
50.0
63.6
72.7
45.5
45.5
63.6
50.0
63.6
54.5
45.5
27.3
45.5
27.3
22.7
9.1
9.1
27.3
40.9
72.7
63.6
72.7
63.6
54.5
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.
July
Annual
0
80.0
50.0
50.0
54.5
54.5
72.7
45.5
36.4
18.2
50.0
72.7
63.6
81.8
68.2
63.6
54.5
72.7
36.4
90.9
59.1
36.4
77.3
100.0
81.8
27.3
18.2
63.6
63.6
63.6
45.5
36.4
54.5
54.5
90.9
59.1
31.8
72.7
90.9
27.3
54.5
63.6
45.5
50.0
56.3
64.2
42.5
62.5
37.5
78.8
62.9
37.9
28.8
70.8
50.8
40.6
74.6
56.1
65.1
66.6
61.7
34.9
66.7
59.9
36.7
41.3
66.7
71.6
46.2
22.7
67.4
61.3
56.1
52.3
38.6
61.4
37.9
60.2
81.1
45.1
60.6
60.2
51.9
48.9
45.8
39.4
50.8
20.0
100.0
60.0
70.0
50.0
45.5
90.9
36.4
36.4
18.2
90.9
18.2
59.1
90.9
81.8
86.4
63.6
81.8
36.4
68.2
72.7
0
90.9
100.0
81.8
18.2
18.2
100.0
45.5
72.7
50.0
9.1
78.8
38.3
71.7
26.6
86.0
72.3
34.5
11.8
86.7
42.8
38.7
91.7
52.7
78.0
78.8
70.4
32.2
71.6
73.5
19.7
37.9
84.5
87.5
43.2
8.0
83.3
70.5
63.6
62.5
24.6
72.7
52.7
27.3
90.9
77.3
23.5
64.0
91.3
45.5
40.9
63.6
71.2
70.1
61.4
57.6
100.0
45.5
40.9
54.5
18.2
72.7
38.6
30.3
61.7
C-28 • October 1992
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series—Continued
YEAR
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
1991
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 .
1991 .
Jan.
Feb.
0
75.0
750
75.0
100.0
25.0
100.0
62.5
25.0
0
75.0
100.0
50.0
250
62.5
75.0
62.5
87.5
100.0
12.5
75.0
0
100.0
100.0
62.5
50.0
25.0
100.0
75.0
50.0
25.0
100.0
62.5
0
75.0
100.0
50.0
75.0
25.0
62.5
100.0
25.0
0
100.0
75.0
100.0
100.0
0
100.0
100.0
50.0
0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
50.0
100.0
100.0
100.0
50.0
0
100.0
100.0
100.0
75.0
25.0
75.0
0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
0
50.0
0
50.0
62.5
100.0
100.0
50.0
100.0
50.0
100.0
0
100.0
25.0
50.0
100.0
100.0
87.5
100.0
100.0
37.5
75.0
100.0
37.5
25.0
75.0
100.0
25.0
0
100.0
100.0
87.5
75.0
50.0
50.0
87.5
25.0
87.5
100.0
50.0
100.0
87.5
50.0
100.0
25.0
100.0
100.0
100.0
100.0
0
100.0
62.5
75.0
0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
50.0
100.0
100.0
100.0
25.0
0
100.0
100.0
100.0
100.0
0
75.0
50.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
0
Mar.
Apr.
May
June
Aug.
Sept.
100.0
75.0
100.0
100.0
50.0
87.5
100.0
50.0
62.5
12.5
75.0
100.0
100.0
100.0
37.5
75.0
50.0
100.0
87.5
100.0
50.0
62.5
100.0
75.0
100.0
25.0
100.0
75.0
62.5
100.0
25.0
100.0
50.0
50.0
0
100.0
50.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
12.5
100.0
100.0
75.0
50.0
0
100.0
100.0
100.0
87.5
0
75.0
12.5
100.0
100.0
100.0
75.0
87.5
100.0
75.0
100.0
50.0
951. Diffusion index of 4 coincident indicator components (percent rising over 6-month span)
100.0
100.0
100.0
100.0
75.0
50.0
0
0
25.0
0
50.0
50.0
100.0
100.0
100.0
100.0
100.0
100.0
50.0
62.5
50.0
50.0
75.0
50.0
100.0
100.0
50.0
100.0
100.0
100.0
62.5
25.0
25.0
100.0
0
25.0
37.5
25.0
50.0
50.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
25.0
50.0
100.0
100.0
100.0
100.0
62.5
25.0
25.0
25.0
0
12.5
100.0
100.0
100.0
100.0
37.5
75.0
100.0
50.0
12.5
75.0
50.0
50.0
12.5
25.0
50.0
25.0
0
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
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
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
75.0
0
50.0
0
25.0
25.0
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
75.0
100.0
75.0
100.0
100.0
50.0
75.0
75.0
50.0
0
0
100.0
100.0
100.0
12.5
100.0
100.0
100.0
100.0
87.5
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
25.0
100.0
100.0
50.0
75.0
75.0
0
12.5
50.0
0
100.0
100.0
50.0
75.0
50.0
75.0
25.0
0
0
0
25.0
0
0
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
75.0
100.0
75.0
75.0
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
25.0
62.5
75.0
75.0
75.0
100.0
75.0
25.0
37.5
100.0
0
0
50.0
75.0
62.5
100.0
50.0
50.0
75.0
25.0
100.0
75.0
50.0
100.0
0
100.0
87.5
50.0
25.0
100.0
25.0
100.0
100.0
100.0
62.5
100.0
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.
July
951. Diffusion index of 4 coincident indicator components (percent rising over 1-month span)
62.5
75.0
75.0
100.0
75.0
62.5
0
0
37.5
0
100.0
100.0
100.0
100.0
50.0
100.0
100.0
75.0
50.0
50.0
12.5
37.5
50.0
75.0
0
50.0
62.5
50.0
100.0
100.0
25.0
50.0
62.5
0
62.5
62.5
87.5
37.5
25.0
50.0
75.0
37.5
100.0
100.0
50.0
100.0
100.0
87.5
0
100.0
100.0
25.0
75.0
100.0
25.0
0
12.5
75.0
62.5
62.5
0
75.0
100.0
100.0
100.0
75.0
100.0
50.0
25.0
0
100.0
100.0
62.5
0
25.0
0
37.5
12.5
100.0
100.0
75.0
75.0
100.0
62.5
100.0
50.0
50.0
100.0
50.0
100.0
100.0
75.0
75.0
100.0
75.0
100.0
100.0
100.0
100.0
75.0
100.0
75.0
75.0
87.5
100.0
100.0
100.0
75.0
75.0
75.0
100.0
75.0
50.0
100.0
87.5
62.5
50.0
100.0
87.5
62.5
75.0
100.0
100.0
75.0
100.0
75.0
75.0
50.0
87.5
100.0
75.0
100.0
25.0
25.0
100.0
50.0
12.5
25.0
100.0
100.0
62.5
37.5
100.0
37.5
100.0
75.0
75.0
50.0
100.0
100.0
50.0
75.0
75.0
87.5
75.0
62.5
100.0
25.0
75.0
75.0
37.5
12.5
75.0
50.0
75.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
75.0
100.0
100.0
75.0
100.0
75.0
100.0
100.0
75.0
75.0
100.0
75.0
100.0
37.5
87.5
62.5
75.0
50.0
0
25.0
25.0
87.5
100.0
0
0
37.5
75.0
87.5
87.5
12.5
25.0
12.5
25.0
62.5
0
0
0
100.0
100.0
100.0
100.0
50.0
100.0
75.0
75.0
100.0
75.0
75.0
75.0
25.0
100.0
75.0
50.0
100.0
100.0
37.5
25.0
50.0
100.0
100.0
100.0
87.5
100.0
75.0
100.0
100.0
75.0
100.0
75.0
50.0
100.0
75.0
87.5
25.0
50.0
50.0
37.5
75.0
75.0
75.0
87.5
37.5
25.0
50.0
37.5
87.5
62.5
75.0
37.5
50.0
100.0
Nov.
Oct.
Annual
Dec.
75.0
0
75.0
87.5
87.5
25.0
100.0
75.0
100.0
0
87.5
25.0
37.5
100.0
100.0
100.0
25.0
100.0
100.0
37.5
100.0
100.0
0
75.0
100.0
100.0
50.0
100.0
62.5
100.0
100.0
87.5
100.0
0
25.0
100.0
50.0
50.0
75.0
100.0
100.0
50.0
0
75.0
12.5
100.0
50.0
62.5
50.0
0
100.0
100.0
50.0
12.5
100.0
100.0
0
100.0
87.5
50.0
100.0
100.0
50.0
100.0
100.0
12.5
12.5
100.0
100.0
100.0
0
62.5
100.0
8715
100.0
62.5
75.0
0
75.0
100.0
100.0
100.0
100.0
25.0
75.0
100.0
25.0
0
25.0
75.0
100.0
75.0
100.0
0
75.0
100.0
100.0
0
62.5
100.0
25.0
100.0
37.5
75.0
100.0
100.0
100.0
100.0
75.0
50.0
100.0
100.0
100.0
25.0
0
100.0
100.0
87.5
100.0
37.5
75.0
0
37.5
100.0
87.5
75.0
100.0
100.0
100.0
87.5
25.0
37.5
0
100.0
75.0
0
75.0
75.0
100.0,
100.0
0
100.0
100.0
100.0
0
100.0 '
100.0
25.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
50.0
37.5
100.0
100.0
50.0
0
100.0
100.0
100.0
100.0
75.0
100.0
0
50.0
100.0
75.0
100.0
100.0
100.0
100.0
75.0
0
50.0
0
100.0
100.0
100.0
0
100.0
100.0
100.0
0
100.0
100.0
0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
50.0
50.0
100.0
100.0
75.0
0
100.0
100.0
75.0
100.0
100.0
100.0
0
37.5
100.0
75.0
100.0
100.0
100.0
100.0
75.0
0
0
75.0
100.0
100.0
0
100.0
75.0
100.0
0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
50.0
75.0
100.0
100.0
50.0
0
100.0
100.0
100.0
100.0
50.0
100.0
0
75.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
0
50.0
36.5
81.3
59.4
68.8
49.0
55.2
92.7
70.8
35.4
60.4
72.9
29.2
84.4
75.0
84.4
83.3
91.7
84.4
75.0
82.3
77.1
36.5
77.1
89.6
71.9
42.7
66.7
90.6
91.7
88.5
58.3
56.3
42.7
31.3
87.5
82.3
77.1
71.9
79.2
84.4
64.6
49.0
47.9
33.3
93.8
74.0
92.7
44.8
57.3
97.9
82.3
27.1
67.7
78.1
34.4
91.7
100.0
100.0
100.0
100.0
95.8
91.7
100.0
85.4
31.3
100.0
100.0
81.3
31.3
67.7
99.0
97.9
100.0
76.0
49.0
41.7
20.8
100.0
95.8
93.8
91.7
99.0
100.0
78.1
44.8
44.8
October 1992 •
SURVEY OF CURRENT BUSINESS
C-29
Historical Data for Selected Series—Continued
YEAR
Jan.
Mar.
Feb.
Apr.
June
May
July
Aug.
Nov.
Oct.
Sept.
Dec.
Annual
952. Diffusion index of 7 lagging indicator components (percent rising over 1-month span)
1948
.
75.0
58.3
1949 .
58.3
.
.
.
1953 .
58.3
75.0
58.3
75.0
25.0
41.7
66.7
41.7
50.0
41.7
75.0
71.4
21.4
75.0
28.6
50.0
35.7
1950
1951
1952
1954 .
.
.
.
1958 .
1959 .
1955
1956
1957
75.0
25.0
50.0
41.7
58.3
33.3
16.7
41.7
58.3
41.7
58.3
75.0
58.3
25.0
58.3
58.3
41.7
92.9
78.6
64.3
78.6
71.4
71.4
50.0
42.9
85.7
57.1
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
50.0
50.0
57.1
35.7
42.9
78.6
64.3
71.4
50.0
28.6
50.0
71.4
57.1
28.6
71.4
57.1
92.9
35.7
42.9
64.3
50.0
35.7
85.7
64.3
42.9
50.0
64.3
85.7
71.4
14.3
57.1
28.6
57.1
78.6
71.4
57.1
64.3
78.6
85.7
50.0
57.1
92.9
64.3
50.0
66.1
0
0
64.3
57.1
71.4
92.9
14.3
71.4
14.3
42.9
64.3
50.0
57.1
14.3
78.6
50.0
50.0
50.0
35.7
28.6
85.7
35.7
57.1
85.7
42.3
62.5
36.3
50.0
73.2
50.0
28.6
92.9
71.4
42.9
71.4
78.6
78.6
64.3
57.1
50.0
35.7
57.1
78.6
50.0
71.4
28.6
35.7
35.7
57.1
14.3
35.7
57.1
50.0
28.6
85.7
42.9
28.6
64.3
71.4
42.9
100.0
50.0
28.6
50.0
.
.
28.6
28.6
42.9
78.6
71.4
35.7
42.9
64.3
71.4
28.6
42.9
64.3
85.7
57.1
.
.
.
1983 .
1984 .
71.4
35.7
64.3
28.6
57.1
71.4
42.9
28.6
50.0
92.9
1985
1986
1987
.
.
.
1988 .
1989 .
71.4
64.3
64.3
71.4
42.9
42.9
50.0
28.6
50.0
78.6
42.9
42.9
50.0
.
1991 .
28.6
64.3
35.7
35.7
50.0
21.4
1990
64.3
57.1
85.7
57.2
45.2
64.3
42.9
78.6
28.6
14.3
78.6
57.1
429
35.7
85.7
35.7
71.4
57.1
42.9
28.6
78.6
50.0
64.3
78.6
42.9
64.3
50.0
50.0
50.0
78.6
57.1
1980
1981
1982
28.6
57.1
42.9
57.1
57.1
57.1
71.4
57.1
64.3
71.4
64.3
42.9
71.4
50.0
64.3
78.6
71.4
42.9
50.0
78.6
1978
1979
70.1
67.0
64.3
29.2
68.5
42.9
64.3
57.1
42.9
1977 .
58.3
42.9
57.1
78.6
28.6
64.3
57.1
64.3
50.0
71.4
.
.
83.3
71.4
78.6
35.7
28.6
50.0
21.4
64.3
42.9
57.1
1975
1976
100.0
78.6
71.4
85.7
92.9
21.4
.
83.3
57.1
78.6
42.9
85.7
64.3
21.4
64.3
28.6
64.3
42.9
57.1
1974
58.3
58.3
45.1
78.6
71.4
71.4
1973 .
54.9
62.5
58.3
50.0
41.7
50.0
83.3
75.0
58.3
58.3
85.7
21.4
78.6
.
.
.
75.0
66.7
58.3
100.0
64.3
1970
1971
1972
66.7
58.3
58.3
91.7
66.7
58.3
58.3
25.0
58.3
78.6
78.6
14.3
78.6
429
.
.
33.3
66.7
91.7
66.7
50.0
14.3
71.4
75.0
1965
1966
75.0
25.0
85.7
14.3
85.7
16.7
100.0
1967 .
1968 .
1969 .
50.0
83.3
75.0
25.0
50.0
25.0
100.0
83.3
78.6
50.0
85.7
57.1
41.7
58.3
91.7
75.0
25.0
75.0
41.7
41.7
.
.
.
1963 .
1964 .
91.7
41.7
58.3
58.3
58.3
41.7
33.3
58.3
75.0
66.7
25.0
58.3
75.0
64.3
35.7
1960
1961
1962
66.7
25.0
7.1
92.9
35.7
78.6
78.6
7.1
42.9
78.6
64.3
78.6
85.7
0
0
0
50.0
71.4
50.0
71.4
50.0
92.9
85.7
50.0
57.1
71.4
71.4
71.4
57.1
71.4
28.6
28.6
85.7
57.1
28.6
21.4
57.1
71.4
50.0
71.4
7.1
100.0
35.7
21.4
78.6
50.0
71.4
64.3
57.1
57.1
8.3
58.3
16.7
42.9
50.0
7.1
92.9
42.9
64.3
50.0
42.9
85.7
57.1
42.9
50.0
42.9
71.4
57,1
50.0
57.1
71.4
78.6
50.0
35.7
42.9
50.0
57.1
57.1
28.6
35.7
64.3
57.1
35.7
14.3
42.9
64.3
35.7
28.6
28.6
7.1
64.3
57.1
64.3
7.1
35.7
50.0
35.7
85.7
50.0
64.3
50.0
71.4
62.5
31.3
63.1
58.3
63.7
67.9
47.6
62.5
66.7
64.3
78.6
28.6
57.1
64.3
57.1
57.1
64.3
57.1
42.9
21.4
28.6
50.0
57.1
71.4
42.9
57.1
64.3
42.9
39.3
41.1
45.3
70.2
54.2
50.0
64.3
71.4
28.6
28.6
85.7
57.1
35.7
42.9
71.4
26.2
47.0
66.1
74.4
64.3
42.9
21.4
42.9
57.1
7.1
57.1
28.6
78.6
64.3
42.9
35.7
57.7
47.0
53.0
59.5
53.6
35.7
42.9
42.9
45.2
29.2
25.0
75.0
58.3
75.0
58.3
40.3
83.3
66.7
41.7
83.3
83.3
83.3
58.3
83.3
58.3
50.0
41.7
16.7
83.3
71.4
57.1
71.4
57.1
100.0
77.8
64.3
42.9
71.4
57.1
83.1
69.0
23.8
85.7
35.7
64.3
35.7
57.1
57.1
952. Diffusion index of 7 lagging indicator components (percent rising over 6-month span)
75.0
66.7
83.3
66.7
100.0
1949
58.3
41.7
41.7
41.7
33.3
25.0
41.7
25.0
1950
1951
58.3
83.3
58.3
66.7
41.7
1952
58.3
91.7
58.3
83.3
66.7
•66.7
100.0
66.7
41.7
75.0
58.3
58.3
58.3
100.0
8.3
83.3
83.3
0
0
8.3
83.3
58.3
83.3
66.7
58.3
66.7
100.0
91.7
33.3
100.0
100.0
66.7
41.7
58.3
41.7
66.7
75.0
58.3
58.3
41.7
71.5
72.9
55.6
77.1
41.7
91.7
16.7
41.7
41.7
50.0
58.3
91.7
83.3
100.0
91.7
91.7
100.0
100.0
100.0
100.0
100.0
100.0
78.6
28.6
71.4
78.6
14.3
85.7
78.6
64.3
85.7
83.3
85.7
75.0
71.4
75.0
71.4
57.1
57.1
71.4
57.1
0
0
28.6
28.6
85.7
0
100.0
14.3
85.7
0
100.0
100.0
100.0
100.0
28.6
85.7
64.3
21.4
92.9
64.3
35.7
78.6
21.4
78.6
78.6
21.4
92.9
50.0
42.9
64.3
35.7
71.4
21.4
85.7
85.7
50.0
71.4
21.4
64.3
92.9
50.0
57.1
21.4
64.3
85.7
57.1
57.1
28.6
50.0
92.9
64.3
35.7
1963
1964
50.0
28.6
78.6
50.0
64.3
78.6
42.9
71.4
50.0
64.3
64.3
1965
1966
1967
1968
1969
64.3
92.9
57.1
64.3
78.6
64.3
78.6
100.0
100.0
42.9
78.6
57.1
85.7
50.0
85.7
57.1
71.4
78.6
85.7
57.1
100.0
100.0
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
85.7
42.9
57.1
100.0
78.6
85.7
42.9
85.7
78.6
1970
57.1
28.6
42.9
85.7
42.9
28.6
28.6
42.9
14.3
42.9
42.9
14.3
71.4
21.4
14.3
100.0
14.3
64.3
71.4
71.4
85.7
28.6
28.6
85.7
100.0
85.7
57.1
28.6
57.1
71.4
71.4
57.1
14.3
42.9
42.9
100.0
100.0
28.6
42.9
71.4
85.7
71.4
28.6
57.1
42.9
71.4
100.0
42.9
35.7
71.4
71.4
57.1
50.0
57.1
57.1
42.9
28.6
42.9
57.1
85.7
28.6
42.9
57.1
71.4
0
0
0
28.6
78.6
78.6
57.1
71.4
71.4
64.3
92.9
71.4
0
71.4
28.6
42.9
78.6
92.9
85.7
78.6
100.0
85.7
78.6
85.7
28.6
28.6
78.6
71.4
85.7
57.1
14.3
57.1
85.7
78.6
57.1
14.3
57.1
85.7
85.7
71.4
28.6
57.1
100.0
14.3
57.1
85.7
78.6
71.4
57.1
15.5
50.6
79.2
76.2
76.2
71.4
71.4
57.1
85.7
71.4
14.3
57.1
28.6
71.4
28.6
71.4
28.6
28.6
92.9
28.6
28.6
85.7
28.6
42.9
28.6
57.1
14.3
71.4
92.9
71.4
85.7
85.7
85.7
71.4
32.2
67.3
21.4
52.4
100.0
14.3
85.7
71.4
28.6
50.0
14.3
85.7
100.0
64.3
28.6
28.6
85.7
28.6
85.7
0
78.6
14.3
14.3
28.6
57.1
0
42.9
42.9
14.3
92.9
28.6
71.4
57.1
83.9
42.9
42.9
57.1
57.1
71.4
42.9
57.1
71.4
28.6
71.4
85.7
42.9
28.6
71.4
57.1
42.9
71.4
85.7
64.3
42.9
71.4
71.4
64.3
28.6
85.7
71.4
57.1
42.9
64.3
71.4
64.3
50.0
57.1
28.6
85.7
42.9
71.4
71.4
71.4
78.6
50.0
42.9
78.6
71.4
35.7
85.7
35.7
62.5
41.1
63.7
75.0
35.7
28.6
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
57.1
42.9
28.6
14.3
0
50.0
42.9
42.9
85.7
71.4
64.3
85.7
100.0
50.0
71.4
28.6
35.7
35.7
35.7
28.6
35.7
0
0
0
0
0
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.
8.3
8.3
50.0
57.1
78.6
64.3
100.0
7.1
25.0
42.9
64.3
64.3
85.7
7.1
28.6
42.9
0
64.3
64.3
78.6
57.1
64.3
28.6
78.6
57.1
42.9
57.1
92.9
42.9
28.6
28.6
42.9
28.6
100.0
36.3
67.9
73.2
56.0
71.4
76.8
51.2
76.2
81.0
32.8
30.4
58.9
83.9
63.7
58.9
35.1
15.5
SURVEY OF CURRENT BUSINESS
C-30 • October 1992
Historical Data for Selected Series-Continued
YEAR
Jan.
Mar.
Feb.
June
May
Apr.
Aug.
July
Sept.
Nov.
Oct.
Annual
Dec.
1. Average weekly hours of production or nonsupervisory workers, manufacturing (hours)
1949 .
1950 .
1951 .
1952 .
1953 .
1954 .
1955 .
1956 .
1957 .
1958 .
1959 .
1960,.
1961 .
1962 .
1963 .
1964 .
1965 .
1966 .
1967 .
1970 .
1971 .
1972 .
1973 .
1974 .
1975 .
1976 .
1977 .
1978 .
1979 .
1980 .
1981 .
1982 .
1983 .
1984 ,
1985 ,
1986 ,
1987 ,
1990 .
1991 .
40.4
39.4
39.6
40.8
40.7
41.0
39.5
40.3
40.8
40.3
38.8
40.1
40.5
39.2
40.0
40.4
40.1
41.2
41.4
41.0
40.3
40.7
40.4
39.9
40.2
40.4
40.5
39.2
40.5
39.7
39.6
40.5
40.0
40.1
38.0
39.4
40.7
40.4
40.8
40.9
41.1
41.2
40.8
40.5
40.2
39.4
39.7
40.8
40.7
41.0
39.7
40.5
40.6
40.4
38.6
40.2
40.1
39.3
40.3
40.3
40.6
41.2
41.6
40.4
40.9
40.4
40.2
39.7
40.4
40.9
40.4
38.9
40.3
40.3
39.9
40.5
40.1
39.2
41.0
40.1
40.6
41.2
41.0
41.1
40.8
40.4
40.4
39.1
39.7
41.0
40.6
41.1
39.5
40.7
40.4
40.2
38.7
40.4
39.9
39.4
40.5
40.4
40.6
41.4
41.5
40.4
40.7
40.8
40.1
39.8
40.4
40.8
40.4
38.8
40.2
40.2
40.5
40.6
39.8
40.0
39.1
39.6
40.7
40.4
40.8
41.0
41.0
41.1
40.9
40.3
40.4
38.8
40.1
41.2
40.1
41.1
39.4
40.6
40.6
40.1
38.6
40.5
39.7
39.6
40.7
40.2
40.8
41.0
41.5
40.5
40.0
40.7
39.9
39.7
40.7
40.9
39.3
39.2
39.6
40.4
40.8
39.2
39.5
40.1
38.9
39.8
40.9
40.3
40.6
40.9
41.1
41.2
40.8
40.4
40.2
38.9
40.2
40.9
40.4
40.9
39.5
40.9
40.2
39.8
38.8
40.6
40.0
39.6
40.5
40.5
40.7
41.2
41.4
40.4
40.9
40.7
39.8
39.9
40.5
40.7
40.3
39.0
40.3
40.4
40.4
40.2
39.3
40.1
39.0
40.0
40.7
40.4
40.7
41.0
41.1
41.0
41.0
40.5
40.2
38.9
40.5
40.7
40.5
40.7
39.6
40.6
40.1
39.9
39.0
40.5
39.8
39.9
40.4
40.6
40.7
41.1
41.4
40.4
40.9
40.7
39.9
40.0
40.6
40.6
40.2
39.2
40.2
40.5
40.5
40.2
39.2
40.0
39.1
40.1
40.7
40.5
40.6
41.0
41.1
41.0
40.9
40.7
40.1
39.1
40.8
40.5
40.1
40.6
39.6
40.6
40.2
39.9
39.2
40.2
39.8
40.0
40.4
40.5
40.8
41.1
41.2
40.5
40.8
40.6
40.0
39.9
40.5
40.7
40.2
39.4
40.3
40.3
40.6
40.2
39.1
39.9
39.2
40.3
40.6
40.4
40.6
41.0
41.1
40.9
40.9
40.7
40.0
39.0
41.1
40.2
40.5
40.4
39.7
40.6
40.2
39.8
39.4
40.3
397
40.1
40.3
40.4
40.9
41.0
41.4
40.6
40.7
40.6
39.8
39.8
40.6
40.5
40.2
39.7
40.1
40.4
40.5
40.1
39.4
39.9
39.0
40.3
40.5
40.6
40.8
41.0
40.9
40.9
40.8
40.9
39.6
39.4
40.8
40.4
41.0
39.8
39.5
40.7
40.4
39.7
39.6
40.1
39.4
39.5
40.5
40.6
40.5
40.8
41.3
40.7
40.9
40.7
39.3
39.4
40.6
40.7
40.0
39.9
39.8
40.4
40.6
40.2
39.6
39.7
39.0
40.6
40.5
40.6
40.7
40.9
41.1
40.8
40.9
40.9
39.7
39.4
40.9
40.2
41.1
40.0
39.6
40.9
40.5
39.3
39.5
40.1
39.6
40.2
40.2
40.6
40.6
41.2
41.3
40.6
40.9
40.6
39.5
39.9
40.7
40.6
40.0
39.8
40.0
40.5
40.5
40.2
39.8
39.7
38.9
40.7
40.5
40.7
40.7
41.1
41.1
40.7
40.7
40.9
39.7
39.0
40.9
40.3
41.0
39.8
40.1
41.0
40.4
39.2
39.8
39.8
39.2
40.5
40.3
40.5
40.8
41.3
41.2
40.6
40.8
40.4
39.5
40.0
40.8
40.7
39.5
39.9
40.1
40.4
40.6
40.1
40.0
39.4
39.1
40.6
40.5
40.7
40.8
41.1
41.2
40.7
40.5
40.9
203
386
194
234
175
251
315
224
214
302
314
311
373
304
304
282
249
209
203
220
188
202
329
294
250
244
419
420
409
357
326
400
447
517
651
386
405
367
361
289
291
359
423
422
211
344
200
210
169
298
276
215
223
320
311
351
385
305
299
276
262
212
208
209
190
211
322
283
241
251
473
393
390
347
340
420
422
539
616
381
397
371
351
303
298
338
447
436
39.5
39.3
40.8
40.6
41.1
39.6
40.0
40.8
40.5
39.0
39.8
40.2
38.4
40.3
40.2
40.6
41.1
41.4
40.9
40.7
40.7
40.5
39.5
40.2
40.5
40.6
39.3
40.2
40.0
40.4
40.6
40.2
^ 40.3
39.4
39.1
40.6
40.6
40.9
40.9
41.1
41.0
40.6
40.6
41.0
40.0
39.1
40.5
40.6
40.7
40.5
39.5
40.7
40,4
39.8
39.2
40.3
39.7
39.8
40.4
40.5
40.7
41.2
41.4
40.6
40.7
40.6
39.8
39.9
40.5
40.7
40.0
39.5
40.1
40.3
40.4
40.2
39.7
39.8
38.9
40.1
40.7
40.5
40.7
41.0
41.1
41.0
40.8
40.7
234
298
197
213
190
280
253
214
230
355
320
275
381
296
310
301
251
206
219
204
190
210
299
265
236
284
494
364
361
342
347
428
420
551
531
378
386
391
350
308
304
351
442
435
209
343
232
210
211
218
305
226
227
267
370
279
331
348
299
290
260
228
201
225
194
193
292
291
257
240
351
468
381
368
338
379
480
446
578
426
366
383
370
314
305
327
383
5. Average weekly initial claims for unemployment insurance, State programs (thous.)
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
166
285
294
174
221
175
303
256
218
242
354
292
281
393
301
310
283
243
222
196
206
179
240
292
264
226
294
522
360
394
343
353
416
424
563
507
364
378
375
355
345
291
360
440
206
305
288
181
201
177
318
240
226
225
407
284
271
429
295
301
270
248
219
231
196
186
256
286
262
223
315
532
340
427
381
352
397
410
514
478
345
402
373
348
310
299
346
472
201
333
276
166
209
188
320
228
221
219
436
258
303
379
287
288
277
237
182
256
194
185
262
294
258
227
302
536
358
346
335
346
438
413
566
479
348
389
395
326
302
317
345
210
379
263
199
219
179
313
228
223
239
438
244
294
381
283
293
265
237
179
259
193
181
326
281
260
238
289
521
371
371
322
411
532
395
566
470
360
387
371
318
299
304
356
467
239
377
250
199
213
198
313
222
236
244
400
246
316
358
301
288
262
224
192
236
195
182
302
290
262
234
294
496
392
378
324
341
616
401
585
453
348
383
370
321
304
320
354
443
219
359
252
209
242
195
314
222
227
246
410
258
322
334
304
284
257
224
194
231
194
197
291
289
286
233
314
491
394
358
331
358
581
405
551
406
350
392
374
320
295
334
362
434
194
340
223
236
315
207
294
223
245
267
350
264
335
348
303
282
260
231
199
231
192
195
273
285
272
232
294
442
393
370
347
377
510
395
533
380
365
381
363
286
323
340
377
411
202
385
170
254
207
229
319
233
224
235
363
291
363
316
305
290
244
248
195
212
199
196
287
325
246
247
350
449
389
368
339
383
495
421
605
408
358
375
376
299
299
329
384
431
218
320
182
242
168
238
322
204
236
305
338
271
351
329
300
285
245
218
197
217
194
195
319
307
245
241
374
447
410
363
321
378
488
483
653
387
368
381
380
294
290
337
397
435
SURVEY OF CURRENT BUSINESS
October 1992 •
C-31
Historical Data for Selected Series—Continued
YEAR
Jan.
Feb.
Mar.
Apr.
May
I. Manufacturers'
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 .
1991 .
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
new orders in 1982 dollars, consumer goods and materials industries (bil. $)
28.07
25.06
27.81
24.27
29.30
23.77
28.50
22.71
29.36
22.82
31.59
21.78
31.07
23.31
30.64
26.99
28.93
27.22
27.99
25.42
27.11
26.54
25.95
26.06
346.32
295.95
28.09
46.14
32.84
42.17
31.11
28.21
41.27
33.04
40.40
32.75
28.01
42.38
36.92
40.97
32.86
29.32
38.58
38.10
42.38
33.00
32.70
37.05
33.55
41.27
33.00
32.98
35.87
38.97
40.52
34.69
41.08
35.67
36.62
40.11
33.17
46.00
32.57
35.76
35.03
34.15
36.33
31.25
37.73
31.34
35.92
36.67
34.62
35.78
30.32
36.35
33.42
33.37
35.92
30.86
38.52
35.39
32.30
38.81
31.14
41.29
408.20
441.07
434.04
446.51
416.81
43.31
42.97
40.47
35.73
42.95
42.97
41.72
42.15
32.93
46.12
46.00
41.45
41.29
33.90
46.36
44.77
42.06
39.97
33.79
45.52
44.43
40.74
39.79
45:32'
39.79
40.13
36.79
4425
46:16
40.04
38.54
37.62
42.88
44.77
40.61
38.99
39.55
40.96
44.05
39.56
39.13
38.92
40.61
43.55
40.86
37.46
39.84
40.60
45.18
41.02
35.99
41.84
40.20
44.30
41.40
33.94
41.36
43.38
-534.81
492.22
467.85
447.49
518.13
42.24
38.17
47.10
47.53
52.36
41.25
38.10
46.07
49.08
51.12
40.31
40.72
45.97
49.47
50.76
40.51
42.19
43.91
51.00
53.42
40.54
43.61
44.96
52.41
41.22
44.46
44.46
48.19
53.02
40.86
42.81
45.70
50.18
54.81
42.04
44.93
46.48
47.72
52.57
41.99
44.47
46,92
48.79
56.09
40.54
44.42
47.58
50.60
52.89
40.18
46.81
47.44
50.43
54.24
39.94
48.37
46.26
50.02
56.13
491.62
519.06
552.85
592.68
639.82
57.42
61.44
60.08
64.42
68.57
57.46
62.29
59.85
65.02
68.40
57.64
64.66
59.50
65.02
68.52
57.81
63.19
60.12
64.51
68.43
57.40
62.22
61.16
65.83
68.33
57.97
62.91
61.52
65.82
67.97
59.75
61.40
60.99
65.16
68.49
59.56
61.55
63.91
62.01
68.39
55.80
62.93
61.92
68.61
69.50
58.46
63.04
60.83
60.65
61.35
62.80
69.62
66.67
62.02
60.89
67.62
67.77
66.93
701.94
747.87
740.30
792.85
819.56
63.47
65.54
68.82
82.06
80.37
62.91
65.56
70.65
83.36
79.77
62.55
65.94
70.23
83.60
77.81
62.26
64.42
70.49
80.70
78.66
63.28
63.85
71.26
82.54
80.83
64.44
63.31
72.69
81.42
79.32
62.91
64.10
70.98
81.51
76.91
62.73
65.82
74.51
81.19
76.60
62.44
65.48
77.27
80.34
73.58
58.55
65.15
76.54
81.49
71.26
58.20
66.59
77.94
82.22
69.12
64.31
68.00
79.98
79.24
62.77
748.05
783.76
881.36
979.67
907.00
61.96
70.70
79:15
81.06
88.34
61.91
72.36
79.35
82.53
87.06
59.24
73.86
83.30
84.45
89.32
61.91
73.26
80.87
88.34
85.73
62.54
63.34
74.89
82.78
88.49
87.39
66.64
74.23
82.38
86.63
84.83
68.30
74.64
82.60
87.82
82.58
68.34
74.37
82.86
87.01
83.78
68.20
72.59
82.24
88.11
81.81
67.69
75.80
84.27
88.82
80.70
68.57
78.84
84.53
91.16
80.23
778.64
81.74
87.76
87.40
81.57
74.12
68.58
71.48
86.17
82.05
77.60
69.26
72.69
86.58
77.33
77.69
72.78
72.29
85.09
71.39
78.86
70.70
73.92
84.60
68.08
79.44
70.84
76.05
85.15
68.86
79.82
71.27
77.59
83.34
71.16
78.18
71.27
78.96
85.64
73.35
75.35
69.21
79.41
85.82
76.82
74.08
70.42
80.05
82.50
80.27
71.62
67.42
83.04
83.39
79.18
69.92
67.24
83.33
84.08
79.19
69:93
68.02
84.86
83.69
837.01
933.67
1,016.05
89.07
89.73
86.67
91.01
97.30
82.97
86.58
90.71
92.38
95.69
84.35
85.26
91.60
91.80
91.50
83.54
86.90
91.52
90.66
93.71
85.17
84.13
90.20
95.12
90.92
85.01
87.34
93.17
92.86
91.36
84.16
85.67
92.51
92.77
86.19
85.38
86.11
90.34
91.85
91.34
86.67
94.11
92,18
85.25
87.80
93.29
92.37
90.17
85.90
84.73
92.25
94.01
92.67
84.88
90.17
92.21
100.42
92.24
1,022.35
1,042.88
1,097.46
1,119.36
1,105.27
88.46
83.34
91.75
84.46
94.21
80.46
92.46
86.63
94.54
93.15
85.47
91.75
91.30
93.47
91.00
90.57
91.06
91.12
90.62
86.53
89.73
83.26
85.92
1,091.27
1,048.27
14.83
15.36
14.10
14.77
14.30
14.91
15.40
14.89
16.15
14.78
16.82
13.97
15.76
15.49
16.19
15.89
15.29
16.11
15.19
16.54
15.53
15.23
18.74
21.55
24.38
23.95
28.96
17.38
21.93
25.08
24.29
30.13
18.43
22.89
25.18
24.39
30.73
19.08
23.48
24.78
23.27
31.45
19.87
23.36
24.26
23.97
32.18
19.83
22.71
25.03
24.50
33.44
19.75
23.41
26.04
24.83
34.97
18.40
22.34
24.50
24.73
29.69
35.22
44.30
49.67
74.39 .
986.07
1,042.18
1,019.17
909.25
906.61
19. Index of stock prices, 500 common stocks, NSA (1941-43=10)
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 .
1991 ,
16.42
14.76
15.94
15.29
16.88
21.21
24.19
26.18
25.46
22.00
23.75
25.86
26.02
17.35
21.63
23.81
25.99
26.57
17.84
21.92
23.74
24.71
27.63
18.44
21.93
23.73
24.84
28.73
35.60
44.15
45.43
41.12
55.62
36.79
44.43
43.47
41.26
54.77
36.50
47.49
44.03
42.11
56.15
37.76
48.05
45.05
42.34
57.10
37.60
46.54
46.78
43.70
57.96
39.78
46.27
47.55
44.75
57.46
42.69
48.78
48.51
45.98
59.74
42.43
48.49
45.84
47.70
59.40
44.34
46.84
43.98
48.96
57.05
42.11
46.24
41.24
50.95
57.00
44.95
45.76
40.35
52.50
57.23
45.37
46.44
40.33
53.49
59.06
40.49
46.62
44.38
46.24
57.38
58.03
59.72
69.07
65.06
76.45
55.78
62.17
70.22
65.92
77.39
55.02
64.12
70.29
65.67
78.80
55.73
65.83
68.05
68.76
79.94
55.22
66.50
62.99
70.14
80.72
57.26
65.62
55.63
70.11
80.24
55.84
65.44
56.97
69.07
83.22
56.51
67.79
58.52
70.98
82.00
54.81
67.26
58.00
72.85
83.41
53.73
68.00
56.17
73.03
84.85
55.47
71.08
60.04
72.62
85.44
56.80
71.74
62.64
74.17
83.96
55.85
66.27
62.38
69.87
81.37
86.12
93.32
84.45
95.04
102.04
86.75
92.69
87.36
90.75
101.46
89.42
89.09
99.30
87.97
91.60
90.96
95.67
101.26
89.28
86.78
92.59
97.87
104.62
85.04
86.06
91.43
100.53
99.14
84.91
85.84
93.01
100.30
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
95.66
103.76
95.52
92.15
80.99
92.66
105.40
96.21
91.73
81.33
95.30
106.48
91.11
88.17
85.26
91.93
98.70
97.84
90.31
93.49
103.30
118.42
96.11
87.16
97.11
105.24
114.16
93.45
107.69
112.42
97.44
85.95
103.04
108.81
110.27
92.46
76.06
101.64
107.65
107.22
89.67
75.59
99.72
108.01
104.75
89.79
75.72
99.00
107.21
105.83
82.82
77.92
97.24
111.01
103.80
76.03
82.58
99.40
109.39
105.61
68.12
84.37
97.29
109.56
109.84
69.44
84.28
92.78
115.05
102.03
71.74
90.05
99.17
117.50
94.78
67.07
83.22
98.29
109.20
107.43
82.85
72.56
96.86
103.81
90.25
99.71
80.10
100.64
100.96
88.98
98.23
83.78
101.08
100.57
88.82
100.11
84.72
101.93
99.05
92.71
102.07
90.10
101.16
98.76
97.41
99.73
92.40
101.77
99.29
97.66
101.73
92.49
104.20
100.18
97.19
102.71
85.71
103.29
97.75
103.92
107.36
84.67
105.45
96.23
103.86
108.60
88.57
101.89
93.74
100.58
104.47
90.07
101.19
94.28
94.71
103.66
88.70
104.66
93.82
96.11
107.78
86.16
102.01
98.20
96.02
103.01
110.87
132.97
117.28
144.27
166.39
115.34
128.40
114.50
146.80
157.25
104.69
133.19
110.84
151.88
157.44
102.97
134.43
116.31
157.71
157.60
107.69
131.73
116.35
164.10
156.55
114.55
132.28
109.70
166.39
153.12
119.83
129.13
109.38
166.96
151.08
123.50
129.63
109.65
162.42
164.42
126.51
118.27
122.43
167.16
166.11
130.22
119.80
132.66
167.65
164.82
135.65
122.92
138.10
165.23
166.27
133.48
123.79
139.37
164.36
164.48
118.78
128.05
119.71
160.41
160.46
171.61
208.19
264.51
250.48
285.41
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
302.25
184.90
238.46
289.12
256.12
313.93
245.30
301.38
270.68
323.73
192.54
240.18
310.09
269.05
331.93
188.31
245.00
329.36
263.73
346.61
184.06
238.27
318.66
267.97
347.33
186.18
237.36
280.16
277.40
347.40
197.45
245.09
245.01
271.02
340.22
207.26
248.61
240.96
276.51
348.57
186.84
236.35
286.83
265.79
322.84
339.97
325.49
330.45
362.26
338.47
372.28
338.18
379.68
350.25
377.99
360.39
378.29
360.03
380.23
330.75
315.41
387.20
307.12
386.88
315.29
385.92
328.75
388.51
334.59
376.18
NSA Not seasonally adjusted
1121
C-32 • October 1992
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series-Continued
YEAR
Jan.
Mar.
Feb.
Apr.
June
May
Aug.
July
Sept.
Nov.
Oct.
Dec.
Annual
20. Contracts and orders for plant and equipment in 1982 dollars (bil. $)
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 ,
1991 ,
7.34
8.45
5.90
6.40
8.03
6.34
5.47
7.66
5.64
8.81
6.22
7.94
7.41
5.70
6.19
11.25
11.11
10.78
10.21
7.34
7.27
7.95
7.91
9.73
9.39
13.55
13.84
17.71
9.92
9.97
9.30
11.65
10.54
11.07
11.30
12.47
10.06
10.25
12.54
9.77
11.16
10.66
8.38
8.50
7.25
7.40
7.62
8.21
7.82
9.45
10.24
11.55
11.54
11.83
11.50
11.46
11.09
11.80
10.17
10.51
12.23
10.64
11.12
12.35
10.09
7.20
7.15
6.72
93.47
75.39
12.06
11.08
1-1.19
122.38
144.26
123.73
118.80
99.16
7.25
6.81
7.35
6.57
7.43
13.87
10.70
12.86
9.19
11.40
10.20
11.35
10.22
9.72
8.47
8.21
13.42
9.79
9.84
10.55
9.27
8.97
8.78
9.31
8.59
8.11
9.13
11.58
11.59
10.02
12.19
11.10
11.54
11.04
12.43
12.44
12.29
11.69
8.94
9.86
9.20
9.54
9.19
9.31
8.75
9.02
8.17
8.70
9.58
8.39
8.35
8.41
8.49
8.96
9.86
11.60
10.39
10.66
11.05
9.88
9.81
11.13
10.75
10.10
10.67
10.00
10.82
11.08
11.56
14.28
10.23
10.50
12.10
11.93
12.90
9.94
10.80
13.40
14.54
10.52
10.67
11.20
12.02
14.03
10.50
11.25
11.24
12.35
14.19
10.63
10.50
11.13
12.72
14.39
10.32
10.75
11.37
12.98
14,48
9.90
11.27
11.81
13.40
10.79
10.06
11.77
12.13
13.52
10.86
10.44
10.49
11.07
12.16
14.94
135.28
140.98
121.80
107.51
126.46
11.46
12.22
13.81
15.50
10.76
10.51
12.60
13.92
15.72
124.83
126.84
138.33)
150.79
171.89
14.68
17.21
14.97
21.12
23.36
14.85
18.51
16.09
19.68
23.05
15.65
18.02
16.46
23.73
20.28
15.77
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
17.30
22.44
20.62
16.05
17.43
17.27
18.40
19.94
17.12
17.34
17.62
20.17
19.80
188.34
217.68
200.88
238.05
257.56
22.56
18.39
23.17
27.12
20.69
19.92
18.80
24.89
27.72
18.25
19.63
20.22
24.52
28.12
17.61
19.28
19.81
25.17
26.80
17.38
17.96
21.91
25.69
27.60
16.90
20.64
18.68
25.52
25.17
18.12
16.44
21.80
26.38
29.94
17.47
19.40
20.75
27.16
26.76
17.16
19.75
23.18
25.75
26.07
15.30
17.48
22.13
28.68
24.52
17.40
18.82
22.61
28.40
21.29
18.98
19.09
23.20
27.02
23.72
217.82
226.80
251.34
312.35
314.83
20.92
21.03
22.45
26.76
31.26
19.29
20.30
22.60
29.56
33.09
17.67
21.65
21.63
26.70
35.35
21.13
21.24
23.63
26.25
32.83
21.07
18.76
25.74
29.32
29.17
20.79
22.36
25.57
26.91
30.43
19.95
24.54
22.45
28.77
31.08
22.39
21.79
25.11
30.00
29.39
18.43
23.57
27.34
30.96
30,24
18.33
24.04
23.85
35.74
31.12
17.89
21.81
23.95
30.06
30.39
16.97
22.80
27.25
26.91
30.29
234.83
263.89
291.57
347.94
374.64
31.75
29.94
26.68
21.88
28.14
28.38
26.23
28.08
21.05
28.26
28.73
28.58
25.61
21.73
28.81
27.91
30.02
24.30
23.29
27.78
24.02
27.22
21.54
24.09
31.48
25.89
27.77
21.44
24.52
29.40
27.49
27.56
22.37
22.93
30.49
27.16
26.59
21.23
24.60
28.89
27.20
25.54
22.19
26.26
28.54
28.48
26.36
22.79
27.42
29.67
26.54
24.86
21.33
25.29
29.91
28.19
23.39
22.65
24.62
28.17
331.74
324.06
280.21
287.68
349.54
28.62
30.95
32.93
40.96
45.17
34.34
34.44
33.66
41.98
41.38
32.42
31.74
32.92
38.51
42.78
28.93
30.54
34.83
40.73
43.88
30.30
30.65
35.85
38.22
41.62
31.78
32.08
37.24
41.47
43.92
31.13
30.86
39.03
42,34
45.00
31.67
31.04
35.99
46.24
41.66
33.81
31.84
35.97
40.79
41.78
33.90
31.99
37.68
40.01
40.60
30.47
32.61
37.03
40.93
42.93
33.95
34.32
39.61
44.42
48.56
381.32
383.06
432.74
496.60
519.28
43.48
42.90
40.91
42.01
44.96
40.90
41.26
38.24
41.46
38.88
40.38
38.53
44.52
45.05
38.78
41.33
43.73
38.97
45.03
41.58
40.31
43.77
44.62
37.01
509.44
489.17
109.4
100.4
104.0
116.5
82.8
98.4
81.9
86.8
96.7
106.7
104.2
86.2
80.4
135.6
141.9
146.7
111.6
157.4
146.3
159.1
104.5
105.6
111.6
105.8
161.9
161.3
126.2
123.6
158.6
105.0
101.9
159.2
114.9
115.3
110.7
100.4
103.5
106.3
106.9
101.2
106.4
108.8
101.6
103.5
116.9
107.9
100.0
119.9
118.9
121.9
153.6
103.9
108.4
103.2
116.3
136.4
109.8
151.0
106.8
129.3
109.8
132.9
109.5
133.6
101.9
126.2
100.1
126.7
122.2
99.4
86.5
91.5
90.9
78.7
91.7
87.2
86.7
91.9
90.5
96.2
92.5
86.2
97.0
92.1
114.7
119.6
125.0
119.4
117.4
102.7
115.5
111.9
112.6
111.7
113.7
102.8
102.4
11.90
11.98
1825
9.90
9.93
1128
11.01
11.79
9.82
8.60
29. Index of new private housing units authorized by local building permits (1967=100)
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 .
1991 ,
99.6
96.9
99.3
103.1
106.4
160.7
96.9
102.2
110.2
182.8
92.9
94.9
112.3
158.2
94.8
107.7
98.4
84.8
136.2
133.8
122.2
115.5
93.2
90.9
94.2
116.8
126.2
117.2
100.1
135.9
108.3
102.4
132.1
120.4
117.9
107.5
107.0
94.5
92.4
93.1
91.1
93.7
88.5
92.8
89.3
114.5
109.5
118.2
105.3
134.1
100.7
115.8
108.2
94.6
99.6
125.9
100.7
89.9
104.5
113.5
95.6
94.2
99.0
96.6
93.9
93.5
92.6
91.4
92.1
89.3
94.4
90.4
89.8
94.0
90.1
91.2
105.5
113.0
117.4
112.3
109.7
130.6
106.7
113.9
118.8
116.2
116.6
114.5
107.4
122.2
117.6
100.7
108.5
121.8
115.8
101.9
111.9
119.6
118.1
109.0
112.9
118.6
118.3
103.2
115.0
128.0
114.5
105.6
111.1
128.1
111.5
108.3
116.2
122.9
113.5
109.2
116.2
128.8
105.3
100.4
111.7
120.3
116.3
114.5
120.0
107.3
104.9
109.6
111.8
105.2
103.7
109.3
112.4
112.0
113.1
111.1
115.8
118.3
119.1
112.3
97.7
86.6
84.4
79.4
70.2
66.9
66.6
67.2
88.3
87.2
79.5
83.7
90.8
94.3
103.3
127.9
117.6
131.0
120.0
126.0
112.8
126.3
113.7
116.5
102.5
114.0
118.3
103.2
117.9
112.0
107.8
118.9
115.4
112.1
128.4
110.7
112.2
124.6
106.6
113.7
125.9
104.4
115.3
121.8
101.3
100.2
118.2
116.4
107.3
153.0
184.3
164.5
108.1
116.5
172.9
178.1
166.4
115.8
166.8
188.1
176.7
116.1
181.4
189.2
156.8
122.2
175.7
195.1
155.9
125.0
175.0
206.2
146.9
137.2
177.6
202.9
121.7
131.7
182.2
192.6
120.8
154.9
186.9
208.5
111.0
118:1
167.4
192.2
157.2
93.1
98.0
99.2
144.0
192.9
195.7
114.7
139.2
186.9
191.9
117.2
154.2
181.4
177.7
124.1
62.6
62.8
61.2
98.1
93.6
86.4
79.0
72.4
71.0
67.5
74.9
92.3
78.8
81.5
87.9
85.7
91.7
94.4
95.6
94.0
80.9
143.1
157.4
129.0
102.9
143.8
142.7
136.0
102.4
151.0
160.2
132.5
107.3
145.4
144.3
123.9
112.9
153.4
136.6
128.5
127.6
144.3
141.4
132.3
122.8
151.5
143.9
119.6
132.0
152.7
145.0
103.1
130.2
151.2
146.9
101.3
111.8
144.9
145.4
123.6
65.3
96.1
71.7
69.6
94.8
77.0
90.3
78.8
73.8
101.7
110.4
119.9
110.3
111.7
100.9
96.7
95.6
72.0
75.5
84.3
71.8
68.4
64.3
84.2
59.1
92.8
60.4
74.8
99.3
118.8
158.5
119.2
137.6
126.5
141.6
134.8
138.8
142.9
144.7
145.0
128.0
138.4
122.0
128.0
121.5
138.6
118.8
134.7
131.0
109.1
131.4
129.7
131.1
134.8
137.7
141.9
135.9
121.6
116.9
132.5
140.9
134.7
114.7
110.3
132.7
148.2
127.7
114.0
109.7
136.3
143.3
119.6
115.2
110.1
136.8
142.7
121.4
118.4
105.4
135.3
141.9
120.9
114.8
102.3
144.2
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
108.9
134.9
131.1
116.2
120.3
107.2
143.1
151.8
107.3
119.7
113.4
138.1
141.2
122.9
115.8
107.7
139.4
106.0
99.4
73.2
85.1
78.8
86.0
77.4
85.2
75.0
77.8
77.7
73.8
79.3
75.0
78.1
68.7
68.3
90.6
72.8
88.4
63.9
85.6
89.6
75.5
103.0
124.6
140.6
118.0
102.6
134.5
140.2
120.5
100.3
143.1
145.3
138.9
103.4
96.9
79.8
98.6
96.9
64.1
65.3
115.2
144.8
132.4
147.3
134.8
99.2
96.8
74.6
97.6
76.2
80.0
80.7
October 1992 •
SURVEY OF CURRENT BUSINESS
C-33
Historical Data for Selected Series—Continued
YEAR
Jan.
June
May
Apr.
Mar.
Feb.
July
Aug.
Sept.
Dec.
Nov.
Oct.
Annual
32. Vendor performance, slower deliveries diffusion index (percent)
1948
1949
36.3
16.6
37.1
13.1
32.7
12.4
41.6
16.2
40.4
15.5
38.4
15.0
36.8
22.4
31.2
33.0
28.3
39.9
28.7
46.1
28.0
51.5
17.7
52.2
33.1
27.8
1950
1951
1952 .
1953
1954
56.3
88.7
31.3
41.5
23.6
68.0
93.3
24.9
41.8
26.9
72.0
85.1
18.8
41.8
28.0
68.8
65.7
19.4
38.6
30.3
82.9
45.0
22.4
35.1
34.3
76.5
36.7
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
23.2
43.6
70.3
47.2
43.3
20.7
49.5
79.1
34.9
45.0
20.2
51.9
87.5
33.6
43.5
21.8
54.5
75.5
53.4
34.4
31.1
37.7
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
65.7
41.0
30.0
39.2
63.7
67.0
53.9
36.8
43.0
59.1
64.3
46.8
30.8
44.7
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
54.6
61.4
39.5
27.3
56.4
53.7
66.1
46.2
30.6
42.7
60.6
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
46.2
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
58.2
57.7
32.3
47.9
45.2
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
66.2
37.3
50.7
45.1
49.7
71.9
36.2
52.4
46.7
47.4
71.2
37.6
51.1
48.7
48.7
70.3
40.4
55.8
50.1
47.6
67.8
35.7
48.1
48.8
51.1
62.8
68.5
74.9
48.2
50.6
63.6
68.1
80.1
49.9
53.9
60.1
65.9
86.4
38.0
54.0
60.5
69.4
79.3
36.9
49.0
63.9
68.9
74.6
34.4
49.4
64.9
69.3
71.6
36.5
49.9
67.0
65.1
73.1
40.9
55.9
65.7
65.4
74.3
44.8
47.8
70.3
61.2
72.4
46.5
48.4
68.9
59.1
68.7
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
65.2
1970
1971
1972
1973
1974
57.9
39.8
55.2
83.7
91.8
57.7
44.2
52.6
85.2
88.8
49.3
45.0
57.1
87.5
88.9
48.7
48.9
55.0
86.7
82.1
67.2
49.4
56.1
86.6
74.5
66.1
47.9
57.7
85.6
73.1
49.8
47.4
61.7
85.2
69.2
46.1
49.7
62.9
86.7
66.3
46.5
48.9
65.5
90.1
51.8
39.0
50.9
73.0
88.7
45.3
37.8
50.9
74.5
96.8
34.0
37.5
53.3
80.7
92.8
23.2
50.3
48.0
62.7
88.0
65.8
1975
1976
1977
1978
1979
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
21.7
57.3
54.6
57.1
75.6
22.7
58.3
55.4
57.4
63.7
24.9
58.6
53.3
61.1
61.4
28.7
54.0
58.3
59.4
57.4
35.1
55.2
53.5
60.6
52.9
43.8
52.6
56.7
60.0
50.7
44.8
49.0
53.6
64.7
46.9
46.8
47.2
56.3
64.5
46.8
41.2
53.3
57.1
63.5
42.2
30.2
54.4
55.7
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
36.4
50.8
65.5
36.9
51.2
38.2
52.7
64.6
29.8
50.2
42.1
51.9
62.5
32.4
47.9
45.2
56.8
56.2
36.3
44.9
45.8
58.9
59.1
40.1
49.6
45.3
60.2
55.2
41.2
45.9
45.9
60.7
52.8
46.5
37.7
46.5
62.8
49.3
46.8
40.5
46.9
67.5
48.1
50.1
41.2
48.6
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
53.9
48.6
49.8
51.2
61.2
54.0
46.7
50.5
51.9
57.3
52.5
46.1
50.7
52.8
58.6
52.2
48.0
50.2
54.0
56.9
49.1
47.1
49.9
56.8
65.6
46.5
45.7
49.9
58.9
58.4
46.1
46.6
50.8
60.3
57.4
44.0
49.5
49.6
61.5
55.2
43.9
50.0
51.3
62.2
54.8
43.3
48.5
52.0
64.9
52.1
42.5
49.3
52.8
62.7
53.0
43.5
48.0
50.6
57.4
57.7
47.6
1990
1991
47.5
43.6
44.0
44.1
46.9
43.5
47.1
44.9
48.0
45.9
49.7
47.1
47.0
50.4
50.4
48.8
49.4
49.4
48.3
50.3
49.0
50.6
47.3
49.5
47.9
47.3
392
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
1991
'„.„".
44,680
44,631
43,472
47,227
48,229
50,043
49,340
49,363
51,880
52,808
52,002
52,410
54,184
53,524
54,703
55,927
57,281
59,419
62,415
65,240
66,656
69,297
71,059
70,752
72,357
75,521
78,020
77,153
78,317
80,527
84,478
88,711
90,784
90,927
90,391
88,807
92,572
96,391
98,771
100,779
103,931
107,447
109,488
108,845
44,492
44,399
43,175
47,519
48,491
50,271
49,270
49,523
52,096
53,000
51,448
52,558
54,406
53,373
54,996
56,039
57,621
59,710
62,766
65,224
67,026
69,575
71,201
70,689
72,542
75,923
78,181
76,743
78,614
80,783
84,800
88,955
90,889
90,987
90,391
88,715
93,068
96,503
98,892
100,990
104,384
107,700
109,810
108,557
44,615
44,169
43,816
47,700
48,450
50,360
49,081
49,867
52,141
53,052
51,131
52,863
54,348
53,462
55,109
56,157
57,686
59,921
63,129
65,305
67,156
69,803
71,363
70,766
72,850
76,168
78,184
76,429
78,828
81,228
85,339
89,406
90,970
91,085
90,264
88,919
93,355
96,840
98,957
101,236
104,662
107,877
109,997
108,344
44,334
44,057
44,238
47,849
48,476
50,367
48,984
50,106
52,302
53,029
50,787
53,190
54,561
53,485
55,384
56,398
57,846
60,080
63,318
65,373
67,422
69,980
71,283
70,969
73,079
76,308
78,239
76,333
79,142
81,615
86,064
89,356
90,747
91,175
90,028
89,244
93,722
97,017
99,143
101,594
104,908
108,049
109,969
108,178
41. Employees on nonagricultural payrolls (thous.)
44,615
44,863
45,059
45,052
43,806
43,582
43,415
43,490
44,589
44,953
45,361
46,035
47,803
47,915
47,923
47,806
48,478
48,130
47,992
48,687
50,343
50,386
50,385
50,272
48,857
48,810
48,689
48,644
50,414
50,705
50,823
50,905
52,387
52,454
51,764
52,396
52,999
52,961
52,970
52,918
50,760
50,822
50,915
51,118
53,382
53,603
53,683
53,230
54,366
54,292
54,230
54,198
53,664
53,922
54,052
54,232
55,514
55,563
55,663
55,796
56,534
56,571
56,705
56,832
57,974
58,128
58,309
58,510
60,389
60,590
60,868
61,072
63,595
63,989
64,166
64,306
65,478
65,642
65,816
65,933
67,519
67,779
67,979
68,189
70,197
70,478
70,629
70,742
70,998
70,888
70,927
70,750
71,129
71,136
71,169
71,168
73,346
73,639
73,576
73,908
76,473
76,743
76,713
77,009
78,381
78,443
78,492
78,511
76,470
76,400
76,640
77,034
79,188
79,264
79,469
79,591
81,984
82,392
82,743
82,954
86,396
86,833
87,060
87,319
89,671
89,985
90,088
90,148
90,269
89,931
89,670
89,933
91,151
91,328
91,467
91,415
90,006
89,769
89,435
89,272
89,558
89,970
90,404
90,065
94,039
94,432
94,760
94,988
97,283
97,413
97,608
97,814
99,263
99,152
99,454
99,615
101,802
101,960
102,287
102,522
105,092
105,483
105,697
105,869
108,160
108,292
108,364
108,454
110,241
110,304
110,078
109,877
108,265
108,227
108,190
108,267
45,167
43,708
46,304
47,743
49,076
50,216
48,752
51,085
52,446
52,825
51,359
53,265
54,069
54,303
55,860
56,971
58,777
61,333
64,367
66,074
68,333
70,800
70,815
71,499
74,107
77,170
78,542
77,216
79,857
83,460
87,470
90,166
90,058
91,354
89,122
91,214
95,302
98,021
99,943
102,682
106,111
108,617
109,737
108,293
45,084
42,823
46,530
47,833
49,436
50,114
48,828
51,308
52,667
52,673
51,379
53,203
53,982
54,375
55,919
57,148
58,658
61,538
64,614
66,091
68,569
70,957
70,383
71,485
74,537
77,506
78,599
77,479
79,847
83,659
87,788
90,356
90,350
91,259
88,836
91,457
95,594
98,240
100,174
103,238
106,419
108,747
109,548
108,285
155.8
45,083
43,148
46,654
48,026
49,710
49,824
49,102
51,491
52,722
52,458
51,831
53,503
53,843
54,636
55,943
57,125
59,080
61,859
64,839
66,570
68,837
70,921
70,264
71,723
74,904
77,867
78,234
77,582
80,122
84,012
88,233
90,449
90,583
91,020
88,671
91,771
95,936
98,435
100,348
103,458
106,740
109,022
109,284
108,139
45,032
43,497
46,756
48,119
49,933
49,627
49,242
51,721
52,865
52,281
51,968
54,033
53,571
54,739
55,915
57,251
59,320
62,209
65,042
66,767
69,151
71,119
70,661
71,977
75,164
77,933
77,531
77,878
80,310
84,260
88,534
90,595
90,818
90,750
88,644
92,131
96,078
98,634
100,596
103,804
107,064
109,161
109,101
108,154
44,866
43,754
45,197
47,819
48,793
50,202
48,990
50,641
52,369
52,853
51,324
53,268
54,189
53,999
55,549
56,653
58,283
60,765
63,901
65,803
67,897
70,384
70,880
71,214
73,675
76,790
78,265
76,945
79,382
82,471
86,697
89,823
90,406
91,156
89,566
90,200
94,496
97,519
99,525
102,200
105,536
108,329
109,782
108,310
C-34 • October 1992
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series—Continued
YEAR
Jan.
Mar.
Feb.
June
May
Apr.
July
Aug.
Sept.
Dec.
Nov.
Oct.
Annual
47. Index of industrial production (1987=100)
1948
1949
<
1950
1951
1952
1953
. •
23 5
23.2
22.9
28.1
23.3
22.5
23.3
22.4
23.7
22.1
24.0
22.0
24.0
22.0
23.9
23.0
23.8
28.4
25.2
28.4
28.1
25.9
28.6
31.8
29.5
24.6
28.5
28.4
32.0
29.3
26.7
27.8
27.4
32.4
29.6
27.6
27.5
29.2
32.7
33.1
33.7
33.7
34.8
36.3
31.9
37.2
35.1
35.8
31.4
38.0
34.8
35.7
31.7
38.6
34.5
35.8
32.6
38.6
38.9
36.4
41.3
43.2
38.6
37.2
41.4
43.6
38.5
37.7
41.3
44.1
38.1
38.3
45.8
46.5
46.8
512
28.3
28.5
31.6
29.7
284
31.4
1954
23.5
22.9
29.6
322
29.5
23.7
22.4
23.9
21.6
23.6
22.2
23.4
22.6
23.6
22.3
27.6
27.7
30.5
31.3
30.0
27.5
27.9
29.6
27.4
27.7
30.2
31.6
29.6
28.0
28.1
31.3
29.8
30.9
25.8
28.0
29.1
31.6
29.9
34.0
33.9
34.1
34.7
34.8
33.4
36.0
33.0
37.7
34.8
36.0
33.7
36.4
35.6
35.7
34.0
36.4
35.9
35.1
34.4
35.6
34.3
35.4
36.1
36.3
34.9
36.1
33.7
35.5
38.6
33.7
35.1
35.6
33.3
37.3
37.9
39.1
41.7
44.2
36.9
40.4
42.2
46.9
472
47.5
37.5
39.0
41.9
44.6
47.7
37.4
44.3
37.9
38.7
41.6
44.1
36.2
40.7
42.2
45.1
49.1
38.1
38.4
41.6
44.0
47.0
51.6
56.3
56.7
60.8
63.6
52.1
56.6
56.5
60.7
63.9
52.3
56.7
57.6
60.9
64.1
52.4
53.8
57.3
59.5
62.2
63.3
51.7
56.3
57.5
60.7
63.5
61.6
61.2
62.7
61.0
64.1
71.7
74.0
68.1
68.3
73.8
72.7
282
27.8
32.0
29.6
222
322
31.1
30.6
30.5
1955
31.6
1956
1957
36.0
1958
1959
33.0
36.0
32.0
34.8
36.3
32.3
36.7
1960
1961
39.6
36.3
392
362
1962
1963
1964
40.4
42.5
45.5
41.1
42.9
45.8
1965
1966
1967
1968
1969
49.6
54.4
49.9
54.7
50.6
55.5
50.8
55.5
576
57.0
59.6
63.0
56.6
59.8
63.5
572
59.9
63.2
56.1
56.7
60.6
63.0
1970
1971
1972
62.1
61.5
65.6
62.1
1973
1974
71.8
73.0
62.0
61.3
66.5
72.8
73.0
61.9
61.6
67.6
73.0
72.9
61.8
61.9
67.5
73.4
73.8
67.7
73.9
74.0
61.7
62.0
67.6
74.4
73.6
61.6
61.7
68.5
74.3
73.4
74.9
73.7
732
71.1
75.2
71.1
1975
1976
1977
66.3
69.9
75.5
64.1
64.7
71.2
77.7
82.0
85.2
64.5
72.0
78.3
82.3
86.2
65.3
72.1
78.9
83.1
86.1
65.7
72.5
78.9
83.3
85.6
66.9
72.9
79.0
83.6
85.3
67.6
73.1
79.4
84.1
85.5
67.9
73.4
79.4
84.5
86.0
68.6
74.6
79.5
85.2
85.7
69.1
75.2
79.1
85.4
85.6
66.3
72.4
78.2
82.6
85.7
84.5
85.0
83.2
82.3
92.4
82.5
85.6
82.7
81.2
87.1
82.0
85.3
93.9
82.4
86.9
81.6
86.5
94.0
83.5
86.5
81.0
87.9
93.9
84.0
85.8
80.3
88.6
93.2
85.5
84.8
80.0
88.8
93.3
85.9
84.1
79.3
84.1
85.7
81.9
84.9
93.0
81.5
86.1
82.4
83.7
93.5
92.8
92.8
94.5
94.8
98.3
94.7
94.8
94.4
94.4
94.1
94.8
94.5
95.0
95.0
94.6
95.6
96.7
94.4
95.3
35 1
59.4
62.6
61.3
66.0
72.8
72.7
1978
1979
78.8
85.1
65.3
71.1
75.9
79.0
85.8
1980
1981
1982
1983
1984
85.9
862
862
852
85.4
84.2
80.7
85.7
83.7
81.3
91.9
82.4
80.8
91.0
1985
1^86
1987
90.9
93 1
70.9
76.6
80.0
86.1
94.1
832
412
622
109.9
108.4
108.3
108.1
1072
784.2
761.1
788.4
747.3
783.8
755.3
774.2
759.1
770.7
756.0
823.3
891.3
930.3*
952.2
949.1
831.3
8892
936.4
954.4
954.6
839.6
894.6
936.6
959.6
958.8
847.9
895.0
930.6
9572
968.4
858.2
898.9
935.4
950.2
967.8
811.3
878.9
917.3
952.5
948.3
1,013.3
1,050.8
1,083.9
1,086.6
1,360.7
1,012.8
1,061.3
1,085.9
1,084.2
1,346.1
1,020.9
1,066.0
1,081.5
1,090.0
1,344.1
1,026.7
1,073.4
1,0772
1,091.7
1,346.7
1,035.1
1,070.2
1,076.7
1,106.6
1,366.1
1,040.4
1,073.7
1,069.6
1,108.2
1,381.6
1,004.4
1,058.0
1,078.0
1,079.2
1,349.3
1,390.5
1,415.9
1,491.1
1,530.7
1,618.2
1,388.0
1,417.6
1,497.5
1,533.4
1,628.2
1,388.4
1,425.5
1,495.7
1,541.5
1,636.3
1,385.1
1,425.8
1,494.4
1,552.3
1,6462
1,385.6
1,439.8
1,500.7
1,564.1
1,649.7
1,383.0
1,454.8
1,505.3
1,564.9
1,663.7
1,377.9
1,462.4
1,512.3
1,573.7
1,677.1
1,384.6
1,418.6
1,488.2
1,537.2
1,624.2
1,708.8
1,806.6
1,872.1
1,961.7
2,051.0
1,722.0
1,817.4
1,880.5
1,971.6
2,056.0
1,726.3
1,822.9
1,889.2
1,982.3
2,0742
1,735.0
1,830.0
1,897.1
1,984.5
2,079.9
1,738.8
1,829.1
1,893.7
2,000.3
2,086.9
1,759.5
1,841.4
1,897.8
2,002.1
2,093.0
1,775.6
1,846.5
1,909.1
2,011.4
2,098.3
1,784.3
1,848.4
1,923.2
2,022.2
2,097.4
1,723.6
1,816.8
1,885.0
1,973.8
2,063.3
2,098.3
2,107.0
2208.1
2,324.0
2,322.9
2,093.0
2,116.7
2215.8
2,346.6
2,324.4
2,087.6
2,114.4
2,1992
2,355.5
2,3302
2,096.6
2,117.3
2,232.7
2,355.0
2,334.8
2,101.7
2,130.3
2,256.6
2,368.6
2,327.5
2,101.1
2,130.2
2,267.8
2,379.6
2,330.3
2,091.7
2,134.9
2,289.8
2,409.3
2,337.2
2,091.7
2,147.2
2,314.0
2,428.2
2,314.7
2,093.1
2,166.6
2,327.8
2,421.8
2,305.3
2,093.7
2,123.2
2,239.4
2,365.2
2,334.8
2,259.0
2,370.7
2,447.1
2,590.8
2,726.6
2,256.5
2,380.6
2,452.7
2,620.4
2,712.6
2,264.0
2,391.0
2,469.9
2,623.4
2,711.3
2,271.2
2,388.2
2,473.8
2,640.0
2,717.9
2,273.5
2,392.3
2,496.8
2,642.0
2,725.7
2,294.9
2,398.1
2,510.8
2,654.8
2,727.0
2,309.9
2,402.1
2,524.5
2,668.7
2,728.8
2,326.6
2,401.9
2,527.7
2,685.4
2,737.0
2,328.9
2,424.9
2,534.5
2,692.5
2,744.2
2,328.0
2,432.3
2,546.8
2,702.8
2,749.7
2,287.1
2,391.1
2,488.1
2,636.1
2,724.8
2,744.1
2,772.6
2,776.1
2,760.2
2,963.6
2,731.4
2,775.7
2,781.7
2,764.4
2,982.9
2,706.4
2,775.9
2,800.5
2,778.0
2,9872
2,686.5
2,772.4
2,806.1
2,791.7
2,986.8
2,684.0
2,781.5
2,788.1
2,800.3
3,007.7
2,676.4
2,799.9
2,776.4
2,814.1
3,023.7
2,692.2
2,814.3
2,771.7
2,804.3
3,038.6
2,706.6
2,813.5
2,762.0
2,826.3
3,064.3
2,741.9
2,805.3
2,758.7
2,8622
3,046.0
2,760.9
2,793.9
2,756.5
2,879.3
3,060.1
2,781.2
2,781.9
2,767.6
2,900.7
3,098.8
2,722.1
2,788.6
2,776.2
2,812.4
3,015.2
3,081.3
3,139.7
32202
3,307.9
3,427.6
3,092.9
3,158.7
3240.1
3,322.3
3,445.5
3,103.6
3,187.4
3,240.6
3,335.3
3,4552
3,118.7
3,227.7
3,242.8
3,342.1
3,448.3
3,0982
3,212.3
3,233.5
3,341.6
3,429.0
3,109.9
3,199.5
3,232.3
3,350.7
3,422.5
3,104.1
3,198.3
3,242.1
3,3552
3,429.0
3,104.5
3,211.0
3,255.8
3,357.6
3,424.8
3,105.1
3,216.3
3,258.5
3,362.6
3,414.2
3,123.6
3,206.7
3,309.4
3,410.6
3,432.1
3,118.7
3,209.9
3,292.7
3,386.5
3,447.5
3,154.3
3,233.1
3,345.5
3,411.5
3,457.2
3,109.6
3,200.1
3,259.5
3,357.0
3,436.1
3,446.8
3,386.5
3,465.3
3,3732
3,476.7
3,381.2
3,484.8
3,377.9
3,475.1
3,382.9
3,475.8
3,389.9
3,476.5
3,380.5
3,456.3
3,379.4
3,450.2
3,379.1
3,421.7
3,384.5
3,434.6
3,372.1
3,458.1
3,399.0
3,460.2
3,382.2
108.9
105.0
108.8
105.5
109.4
106.4
110.1
107.3
110.4
108.1
753.8
763.0
749.4
759.9
756.7
761.7
758.8
759.6
774.7
850.3
890.1
938.1
946.7
770.8
850.5
903.2
943.6
9452
783.0
861.7
905.0
951.8
939.3
7902
873.2
903.2
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
1956
1957
1958
1959
971.0
1,040.6
1,070.1
1,065.4
1,318.7
972.8
1,045.8
1,0772
1,062.5
1,326.1
978.5
1,047.5
1,078.4
1,066.0
1,338.1
987.9
1,055.5
1,076.4
1,059.7
1,349.3
995.9
1,054.2
1,077.0
1,061.6
1,354.6
997.9
1,057.3
1,082.3
1,067.8
1,359.3
1960
1961
1962
1963
1964
1,387.1
1,389.5
1,459.1
1,505.6
1,576.5
1,379.9
1,390.9
1,464.3
1,515.5
1,586.2
1,378.0
1,391.3
1,475.7
1,515.1
1,593.8
1,380.7
1,400.4
1,481.9
1,520.7
1,604.5
1,390.9
1,408.7
1,480.9
1,529.1
1,609.6
1S65
1966
1967
1968
1969
1,676.5
1,783.1
1,863.9
1,922.1
2,020.1
1,678.3
1,786.1
1,863.2
1,937.9
2,025.1
1,686.4
1,791.1
1,865.3
1,941.0
2,0372
1,691.9
1,798.7
1,864.4
1,948.3
2,040.2
1970
1971
1972
1973
1974
2,092.0
2,104.6
2,1772
2,331.1
2,390.7
2,087.2
2,103.8
2,188.3
2,331.6
2,364.1
2,090.6
2,105.4
2,195.1
2,330.8
2,334.9
1975
1976
1977
1978
1979
2,276.6
2,349.0
2,432.8
2,550.0
2,701.6
2,255.9
2,362.5
2,439.8
2,562.3
2,714.6
1980
1981
1982
1983
1984
2,753.7
2,776.2
2,768.6
2,767.8
2,922.4
1985
1986
1987
1988
1989
1990
1991
1955
622
110.6
108.4
108.5
105.7
1954
892
61.4
110.5
108.0
101.0
106.4
1953
59.6
63.4
1082
100.8
106.1
107.8
1952
63.1
70.2
75.2
962
102.2
106.9
108.1
100.1
105.0
108.4
1950
1951
60.0
53.2
57.2
102.3
106.5
107.7
992
104.8
108.3
1948
1949
58.8
62.0
63.5
95.1
94.6
104.3
108.6
1990
692
52.9
57.6
58.0
61.2
64.1
100.9
106.2
108.2
96.1
96.5
982
103.9
107.7
1991
61.1
64.1
45.1
48.5
94.2
95.6
93.8
95.5
97.6
103.5
107.6
1988
1989
572
57.5
39.8
42.0
44.9
47.0
103.5
107.7
107.5
106.6
* Data prior to 1959 are in 1982 dollars.
AR Annual rate
51. Personal income less transfer payments in 1987 dollars (AR, bil. $) *
763.7
776.7
776.4
782.6
759.0
751.2
744.5
750.8
102.6
107.4
108.6
107.4
100.0
105.4
108.1
109.2
107.1
October 1992 •
SURVEY OF CURRENT BUSINESS
C-35
Historical Data for Selected Series-Continued
Jan.
YEAR
June
May
Apr.
Mar.
Feb.
July
Aug.
Sept.
Dec.
Nov.
Oct.
Annual
57. Manufacturing and trade sales in 1982 dollars (mil. $)
1948
1949
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
122,186
118,438
1,447,917
1,436,979
1950
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
140,207
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
147,270
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
167,231
168,298
162,647
166,886
172,431
167,504
169,945
158,962
162,305
177,213
1,963,642
1,991,739
1,999,211
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
195,246
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
240,660
253,276
262,794
219,720
235,261
240,088
252,388
263,288
224,425
239,082
241,274
254,702
264,807
224,961
237,236
241,746
254,472
266,077
222,586
236,400
241,780
255,814
265,582
223,579
238,940
242,212
258,292
265,548
227,599
237,516
242,211
261,393
266,811
226,309
239,017
245,116
257,279
268,233
226,300
238,581
244,545
258,449
269,746
228,433
239,223
242,669
262,408
272,330
231,626
238,267
249,369
264,523
268,777
232,436
239,320
254,493
262,330
268,450
2,706,975
2,853,847
2,926,163
3,095,326
3,202,443
266,171
266,471
285,987
319,684
322,220
266,059
268,325
283,315
320,633
321,172
263,052
269,513
288,383
318,531
324,577
261,155
270,799
290,633
316,974
323,207
264,232
272,706
292,088
315,801
324,196
265,035
276,009
293,358
315,053
322,925
265,258
274,530
294,362
319,393
324,009
263,992
272,723
299,423
315,006
319,896
263,688
275,853
302,699
314,685
316,539
259,382
276,671
306,488
321,752
311,955
255,055
281,121
310,933
325,840
307,763
263,408
283,087
315,447
321,106
297,555
3,156,487
3,287,808
3,563,116
3,824,458
3,816,014
299,291
311,810
331,685
342,026
369,744
297,772
313,572
334,475
349,100
367,905
289,053
315,943
337,853
351,448
377,060
293,709
318,772
338,066
361,627
366,590
293,356
317,996
337,301
360,908
377,020
295,883
321,447
340,445
362,048
371,239
298,708
322,506
342,352
359,664
372,145
300,684
321,689
341,450
365,841
372,568
301,964
322,056
342,620
365,125
371,398
302,230
318,733
344,131
368,386
371,041
300,826
324,069
346,374
369,822
369,882
304,055
333,720
350,590
371,236
368,654
3,577,531
3,842,313
4,087,342
4,327,231
4,455,246
374,975
371,003
345,020
347,897
387,518
371,075
368,755
352,379
346,261
387,414
361,932
366,178
353,211
351,505
387,654
355,538
368,005
352,927
352,155
390,016
349,980
364,956
354,832
357,323
392,876
348,371
364,915
350,105
365,687
396,989
354,257
365,217
350,445
366,086
395,520
355,689
364,441
347,332
366,660
394,532
362,060
361,694
347,338
370,580
395,332
369,522
357,112
342,892
373,984
396,193
368,824
354,587
343,596
377,603
399,749
368,542
350,616
343,031
385,275
401,087
4,340,765
4,357,479
4,183,108
4,361,016
4,724,880
1986
1987
1988
1989
400,094
413,698
424,616
454,007
477,569
400,828
410,744
438,988
456,490
471,613
403,450
409,871
438,754
463,030
470,626
404,105
418,872
440,160
462,014
478,616
407,667
415,994
442,446
463,508
476245
402,878
419,554
444,062
467,751
475,362
402,179
418,371
447,339
464,968
470,937
409,708
421,129
449,503
467,448
486,212
409,923
433,139
453,105
465,774
481,561
407,049
424,363
453,494
471,950
478,030
410,924
425,688
450,873
472,605
479,987
410,045
434,002
453,806
476,402
479,846
4,868,850
5,045,425
5,337,146
5,585,947
5,726,604
1990
1991
474,994
458,453
480,842
460,098
484,350
458,745
480,083
466,955
484,472
470,767
487,032
472,138
483,973
475,974
489,996
472,688
480,928
474,696
480,045
475,886
472,414
473,830
463,010
466,626
5,762,139
5,626,856
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
. .
.
62a. Index of labor cost per unit of output, manufacturing (1987=100)
1948
1949
37.0
38.3
36.5
38.7
372
,37.2
38.1
38.3
382
37.2
38.0
37.8
37.7
38.2
37.4
38.0
37.4
1950
372
1951
1952
1953
38.3
41.8
42.7
36.4
40.7
42.7
43.0
44.0
36.0
41.3
42.1
43.0
43.8
35.9
41.8
42.3
42.7
44.0
37.5
41.4
42.7
42.9
44.5
36.6
40.4
42.6
42.9
44.2
36.6
41.6
42.6
42.9
44.6
36.8
39.5
42.1
43.0
44.5
36.7
40.2
42.2
1954
37.3
38.9
41.9
42.6
44.4
43.6
43.3
43.9
1955
42.9
43.2
43.1
43.3
42.8
42.5
43.7
42.5
44.0
42.4
44.4
42.5
45.9
42.9
45.0
42.9
45.0
42.7
45.2
45.3
47.9
45.1
48.0
462
45.5
47.0
46.1
46.9
45.8
46.9
47.3
45.6
47.1
462
45.9
47.9
45.8
45.5
46.4
45.6
48.6
45.9
46.1
46.5
47.9
46.0
48.6
47.0
46.7
472
48.6
46.8
46.7
46.1
48.6
47.0
46.4
47.3
47.8
47.4
47.6
47.7
47.9
47.4
47.7
47.2
47.6
46.8
47.5
45.8
47.6
46.0
47.4
46.4
47.0
46.2
47.8
46.6
47.2
45.4
45.6
46.8
48.3
49.7
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
46.8
45.8
1967
45.5
45.2
46.7
1968
1969
47.8
49.7
1970
1971
1972
1973
1974
1975
53.5
54.1
53.2
54.8
59.3
48.5
81.8
69.1
71.1
72.9
77.7
83.5
69.8
71.0
69.3
72.0
75.0
79.0
86.5
69.6
71.8
75.8
79.5
86.3
78.5
85.7
94.1
94.3
94.4
99.1
98.7
103.9
104.0
101.8
101.3
99.8
1042
88.1
96.9
89.3
97.1
90.8
98.4
92.7
96.1
104.7
103.8
100.7
102.4
103.8
101.1
102.8
103.0
100.9
103.4
102.8
101.4
103.8
102.3
101.1
1022
104.1
102.4
102.4
100.1
101.5
103.1
102.6
101.1
100.7
102.1
104.4
104.6
101.3
102.1
102.9
102.5
102.8
100.7
101.1
101.2
102.2
103.1
103.2
103.2
1987
1988
1989
101.1
101.2
101.6
101.3
101.1
102.2
1990
1991
103.1
106.7
103.1
103.8
107.7
104.6
107.4
103.7
107.2
103.5
106.8
103.4
106.4
1985
1986
1072
70.0
72.0
76.5
80.8
88.1
62.5
1982
1983
1984
69.7
72.0
76.1
79.4
54.1
56.0
61.9
1980
1981
88.4
54.0
56.1
61.9
542
54.0
53.5
54.0
56.6
63.5
78.5
85.1
98.5
99.7
101.1
98.5
103.5
102.9
98.3
47.1
46.2
46.2
542
53.8
53.7
77.9
84.0
47.5
47.4
53.8
54.1
54.0
54.9
54.1
56.1
62.3
78.0
83.2
46.4
54.0
54.0
54.0
69.4
71.9
74.4
46.8
53.9
53.5
54.0
57.1
64.6
53.8
54.3
69.0
71.3
74.4
46.5
482
45.1
46.0
47.3
49.0
50.9
53.6
54.4
54.1
55.8
60.8
692
48.1
48.2
46.8
46.9
45.2
46.6
47.3
49.8
52.6
51.3
71.3
73.8
42.8
44.5
45.9
47.4
45.3
46.8
47.3
49.6
52.0
50.9
732
42.9
45.5
47.4
46.5
46.0
53.7
54.2
53.6
55.7
60.4
55.7
61.1
43.5
45.3
47.2
46.3
41.7
42.1
43.9
45.0
46.2
47.2
49.9
51.7
46.4
44.8
46.4
47.8
542
442
37.0
40.7
42.3
43.1
44.1
44.8
46.3
47.6
49.5
51.6
46.2
53.8
54.4
54.1
37.5
37,8
38.2
42.1
42.5
44.6
43.6
46.0
44.6
45.9
47.9
492
37.1
46.1
46.4
46.2
492
382
38.4
46.9
46.5
45.8
45.0
46.0
47.5
48.9
50.9
49.8
38.4
36.6
47.0
45.9
46.4
46.1
82.3
77.0
48.0
46.7
44.9
45.8
47.3
48.7
50.8
70.8
72.9
78.7
81.6
47.8
45.0
45.8
47.0
48.7
50.3
69.7
1978
1979
472
46.6
682
69.9
72.8
77.9
382
45.3
45.5
47.3
48.4
55.3
59.9
67.5
70.7
72.0
45.8
36.9
462
53.3
54.3
53.8
55.1
59.9
1977
1976
.43.8
452
36.8
54.2
562
86.9
58.5
66.7
69.2
71.3
742
78.6
84.6
94.4
94.7
94.6
95.6
100.1
104.3
100.4
102.0
101.5
104.5
100.6
102.4
102.0
104.7
101.2
102.9
102.8
105.5
101.8
103.9
104.0
102.1
101.7
104.8
103.0
103.3
102.0
99.0
99.8
100.8
101.9
102.8
102.6
100.5
101.8
101.8
103.1
103.7
102.0
102.7
103.8
101.3
100.0
101.6
102.8
103.4
102.8
100.0
101.4
102.1
103.2
106.6
103.3
106.2
103.6
107.2
104.5
106.9
106.9
108.0
103.9
107.0
101.0
101.7
103.0
102.9
99.1
92.6
99.3
C-36 • October 1992
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series—Continued
YEAR
1948 .
1949 .
.
.
.
.
.
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 .
1950
1951
1952
1953
1954
1991
Mar.
Feb.
21.7
3.2
3.3
3.2
-82
5.8
0
-17.7
8.7
, -15.1
13.3
3.3
20.5
2.9
-2.8
-5.3
5.7
2.8
25.6
-17.1
-15.0
202
5.9
11.9
2.7
-8.0
14.8
-5.1
13.4
-5.2
-2.6
-12.2
-5.1
2.7
132
0
19.9
13.6
-2.5
-16.6
0
-5.0
-2.5
8.1
-7.4
13.8
-7.6
-2.6
10.4
16.7
0
2.6
2.5
112
2.6
13.4
13.3
-2.4
22.6
2.2
-16.4
-4.4
14.1
17.7
15.4
12.7
0
8.1
12.6
0
17.6
24.6
-17.7
-12.2
2.3
-15.0
13.8
1.2
-12
3.6
-22
0
4.5
14.4
6.8
12.8
132
-12.8
142
15.0
3.0
4.2
-9.5
-23.4
0
4.9
-10.9
2.4
-142
7.4
7.3
0
5.8
0
5.3
-2.6
-2.6
13.6
2.5
2.4
11.9
22
6.9
4.4
0
29.8
16.6
1.7
13.0
7.6
12.9
132
4.8
-8.9
-2.3
162
26.1
2.4
18.0
9.8
8.5
5.7
June
May
Apr.
July
Sept.
Aug.
62b. Change in index of labor cost per unit of output, manufacturing (AR, percent)
0
-12.2
3.3
102
212
13.5
6.5
-3.1
0
-6.1
-9.1
-9.1
-32
23.5
2.9
-2.8
0
-«.1
-2.7
11.2
2.5
-7.5
2.6
-18.1
10.7
-14.5
-5.8
-7.7
82
-7.4
7.7
12.7
-22
-4.3
-10.5
9.0
10.5
-9.9
52
0
-142
19.0
22.1
17.3
72
-2.3
6.1
-19.8
-18.8
-6.9
-11.1
-18.1
9.7
-3.3
-32
6.1
12.0
0
-7.8
0
8.6
82
-16.0
-2.6
7.9
-2.5
2.6
0
-2.6
-2.6
0
7.9
0
12.6
-2.2
4.5
11.8
22
82
12.9
-1.7
5.1
4.7
-42
282
12
4.7
-5.7
-3.5
-3.5
3.6
-11.3
0
0
-9.9
-22
-6.4
9.3
2.9
2.8
-5.3
-2.8
11.5
-10.0
-20.4
8.1
7.8
-7.3
2.6
5.4
2.6
2.7
5.4
52
5.0
2.4
4.6
-22
2.2
-2.1
6.1
-9.8
5.2
10.3
-1.5
122
19.7
7.6
1.2
-1.2
0
12.4
1.2
-13.5
6.1
12
-2.3
-4.4
-12.4
19.2
-15.6
0
-5.3
2.9
49.0
0
52
22.9
-4.9
-4.9
-4.9
10.9
0
-10.2
-2.6
10.6
7.6
0
4.6
-2.2
-2.2
6.7
16.9
-3.4
0
10.2
9.6
16.9
2.6
-4.7
1.2
-4.6
2.4
3.5
-3.4
-2.4
-5.7
112
-12
-4.4
-3.3
15.5
5.9
-8.1
5.6
11.9
-212
8.2
-7.4
10.7
-2.5
-9.7
-9.7
-5.1
5.3
5.5
13.9
-2.5
0
9.8
0
16.6
0
2.2
8.0
7.2
10.6
0
0
8.8
1.3
14.2
2.3
-9.0
4.8
-5.6
0
102
-3.5
-3.5
-2.3
2.3
26.1
-5.6
8.9
5.8
-10.4
0
0
-5.1
5.2
13.4
5.2
-5.0
5.2
-2.6
0
0
-2.6
-4.9
7.6
7.2
-4.4
-23.3
2.2
2.2
3.9
-1.7
1.7
10.1
7.9
11.8
0
3.7
1.2
-6.9
3.6
-2.3
-3.4
18.3
12.6
-12
1.2
-4.4
Annual
Dec.
Oct.
-6.1
0
33.8
-5.6
2.9
11.8
8.6
-5.5
5.5
14.0
-14.3
2.5
5.1
2.6
-5.0
-5.1
0
5.5
-2.6
-9.6
10.1
2.4
4.6
-4.4
-4.3
8.9
21.0
5.3
-3.3
13.6
7.9
-2.7
3.9
18.1
2.3
2.4
4.8
26.0
4.8
-16.5
16.4
24.8
3.5
11.9
13.4
-22.9
32.9
9.1
-15.6
18.0
8.5
25.0
2.7
32.7
-5.0
5.1
5.1
2.6
-2.5
2.6
-9.9
8.3
16.7
2.6
-7.0
72
-2.2
0
0
11.1
22.9
1.7
3.4
4.9
-1.5
8.7
-1.3
6.1
2.3
7.4
6.0
-15.9
-11.0
10.1
-12.1
-11.0
10.9
-3.3
-6.1
17.7
-6.1
12.1
12.0
20.9
-15.1
-15.4
5.4
5.2
5.3
-33.4
0
-9.8
0
13.9
-5.1
-2.6
-5.0
0
4.9
14.8
22
11.8
4.5
33.7
46.8
5.3
0
6.5
23.3
17.9
13.4
9.8
9.6
7.4
12.3
6.0
-7.9
2.4
-4.6
1.2
31.3
13.1
5.8
-2.2
4.2
10.6
1.4
5.3
-2.0
-1.0
7.1
4.7
-1.3
1.0
4.0
-3.5
1.3
-.6
-1.2
-1.2
3.3
1.7
5.4
5.8
2.9
.5
.7
8.3
14.6
5.5
3.1
6.4
6.0
9.3
8.9
7.9
3.2
-3.3
2.2
.7
-1.8
-.6
2.1
1.7
4.4
1.2
7.7
-8.0
13.0
5.9
.1
4.7
-.8
4.5
62
7.3
-6.8
9.9
3.3
-4.5
-1.8
—4
-.5
1.8
4.0
-.7
4.4
6.1
0
-3.0
2
5.1
12.3
-.1
2.7
8.1
3.5
82
5.4
82
1.6
-2.9
3.7
2.1
-1.7
1.2
2.9
3.7
1.1
-.5
6.2
-6.1
15.0
5.4
.5
8.6
-1.5
3.8
5.1
9.9
-5.5
4.0
3.0
-4.2
-2.1
1.6
-2.0
2.5
3.5
-1.3
3.7
7.3
-.1
-1.5
.4
9.6
18.3
.5
2.0
8.1
6.1
8.9
4.8
8.8
2.7
-.3
5.3
2.3
-3.2
2.3
1.5
3.3
62
1.6
7.4
-1.4
.5
132
2.0
2.6
1.5
-1.9
7.0
2.5
1.8
1.9
2.1
-2.5
1.2
-2.1
.7
-2.7
3.6
2.6
4.6
4.5
4.6
.1
.9
5.1
12.5
10.6
3.3
5.1
5.5
9.5
10.1
6.7
4.1
-3.3
1.6
1.8
-2
-2.6
3.1
1.0
1.9
3.1
62. Change in index of labor cost per unit of output, manufacturing, smoothed (AR, percent) t
12.4
1948
1949
1950
1951
1952
1953 .
1954
1955 .....
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
14.6
3.3
1.4
9,8
-4.0
4.0
3.0
1956
1957
1960
1961
1962
1963
1964
4.9
-3.6
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
1990 .
1991 .
10.0
5.3
-1.8
152
2.0
1.4
8.4
-42
4.0
.7
162
1.8
2.8
6.9
11.8
-3.8
-1.6
-2.0
3.9
.1
-2.5
.7
-2.6
2.3
2.5
-1.3
11.9
-4.4
3.9
-12
-2.4
.4
-3.6
2.5
3.1
.3
2.4
10.0
2
10.6
-4.4
3.7
2.8
3.0
1.4
9.7
.9
-1.0
4.1
-4.9
5.4
-.4
11.9
-2.9
-.2
3.3
1.5
-3.3
2.6
-4.7
3.6
4.1
4.5
.9
9.8
1.5
1.0
5.1
13.4
15.5
14.6
21.4
22.1
23.6
2.5
1.3
8.1
8.4
8.1
6.1
11.3
.6
-.4
5.9
.1
-1.8
2.8
.3
3.1
1.6
2.7
9.1
9.1
72
4.8
8.1
-.7
.3
4.0
-.9
-2.7
3.8
.6
2.6
8.9
3.t
3.3
10.1
9.3
7.4
5.2
5.8
-2.6
.4
4.5
2.1
-2.5
62
1.9
3.1
8.9
1.4
-2.2
17.8
1.8
2.9
5.0
-5.7
5.1
.6
10.7
-3.1
1.3
.1
3.6
-5.2
2.1
-5.2
4.1
3.3
5.8
22
8.3
1.1
.6
6.3
13.6
19.9
42
32
7.5
10.7
9.4
7.0
4.6
-3.6
12
1.5
1,1
-3.0
5.3
.1
4.3
7.3
6.0
.1
-2.6
17.1
32
2.5
22
-5.4
5.5
2.1
6.5
-3.1
3.0
-2.1
4.7
-5.7
' 1.1
-52
3.9
3.4
5.8
4.4
5.9
1.3
1.9
6.4
122
16.9
4.1
3.5
5.6
9.5
13.2
7.3
3.9
-4.5
1.0
-.9
.9
-4.4
4.1
-1.0
3.0
5.1
t Data are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
AR Annual rate
3.6
-.6
-3.4
15.7
3.9
2.4
-.4
-4.9
6.5
1.4
.3
-1.6
4.7
-4.1
5.0
-4.4
.8
-4.1
3.9
3.8
5.7
5.4
4.4
1.0
2.7
5.3
10.6
11.5
4.2
4.5
3.5
92
16.3
7.5
32
-4.6
.8
-.5
.7
-6.4
3.6
-1.4
1.6
2.5
3.1
-1.8
-5.0
15.3
1.8
1.9
-2.6
-3.5
12.8
.8
-2.6
2.6
4.4
-5.4
3.9
-1.7
.5
-4.3
3.1
4.9
5.9
52
3.5
.3
2.5
4.9
10.5
6.3
3.7
5.9
3.1
10.0
162
6.0
2.5
-4.7
.9
2
.1
-7.1
2.1
.1
.4
0
5.2
-3.4
-5.8
15.1
1.1
.3
-2.8
-.6
11.9
1.4
-5.0
6.1
3.3
-6.7
1.4
-.5
.9
-3.1
4.1
4.5
52
5.8
2.5
2.1
2.1
4.3
10.1
3.4
4.3
5.9
2.4
10.4
14.2
62
2.0
-5.3
1.4
-.1
-.3
-5.1
.5
.5
-.7
-1.1
7.5
-5.2
-1.9
12.2
1.7
.1
-3.9
1.1
9.8
.9
-5.0
9.2
2.9
-7.3
.5
-.1
1.1
-2.0
3.7
3.1
5.1
6.3
1.0
-2
1.8
3.6
9.1
1.0
4.3
6.5
2.8
10.8
11.1
6.0
1.7
-5.8
2.1
-.6
-.9
-.9
1.1
.5
-1.1
-22
7.1
-5.5
5.1
8.1
22
1.6
-2.9
1.3
8.0
2.4
-6.2
10.1
3.0
-6.3
-.8
-.5
1.0
-.3
2.7
.5
5.8
6.0
.6
-2.2
.8
4.0
10.0
2
3.3
7.8
3.7
9.2
8.3
7.5
1.5
-5.1
2.8
2.7
-.5
-.5
3.6
3.8
-.7
-.9
October 1992 • C-37
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series—Continued
YEAR
Jan.
May
Apr.
Mar.
Feb.
June
July
Aug.
Sept.
Nov.
Oct.
Annual
Dec.
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
1.48
1.40
1.64
1.55
1.64
1.45
1.44
1.62
1.53
1.61
*\M
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
1.59
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
1.51
1.44
1.51
1.55
1.51
1.51
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
1.56
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
1.42
1.55
1.48
1.48
1.47
1.44
1.54
1.49
1.49
1.48
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
1975
1976
1977
1978
1979
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
1.51
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
1.60
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
1.57
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
1.58
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
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1.58
1.60
1.74
1.67
1.52
1.59
1.61
1.69
1.67
1.53
1.64
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
1.56
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
1.51
1.48
1.45
1.47
1.56
1.48
1.48
1.45
1.46
1.56
1.54
1.47
1.46
1.46
1990
1991
1.47
1.52
1.45
1.51
1.44
1.50
1.45
1.47
1.44
1.45
1.43
1.44
1.45
1.43
1.43
1.44
1.45
1.43
1.45
1.43
1.48
1.44
1.50
1.47
1.45
1.46
53.8
51.5
69.3
52.8
1950 .
1951
1952
1953
1954
. ..
1.46.
83. Index of consumer expectations, NSA (1966:1=100)© '
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
95.5
85.3
92.4
83.9
89.7
861
999
. .
103.8
105.2
105.2
1033
96.2
86.3
94.1
95.8
829
975
104.6
ZZZZ
975
985
934
98.6
94.9
981
103.4
96.5
94.1
99.9
99.4
97.0
972
1965
1966
1967
1968
1969
103.0
100.0
96.4
94.3
98.0
943
899
1970
1971
1972
1973
1974
75.8
75.9
90.9
73.3
49.4
1975
1976
1977
1978
1979
75.7
58.4
50.0
81.2
84.2
77.2
62.2
712
759
822
673
639
698
795
836
1980
1981
1982
1983
1984
54.1
67.2
62.9
65.2
97.0
54.9
61.4
58.7
71.2
1985
1986
1987
1988
1989
90.3
85.3
80.9
80.9
89.9
1990
1991
83.4
55.2
107.3
902
1043
907
955
896
96.0
....
91.1
91.1
91.6
79.6
86.6
757
71.3
77.2
87.8
67.1
78.4
91.3
630
576
707
512
69.5
53.7
71.1
53.3
73.0
54.9
68.1
51.4
72.0
44.2
67.0
49.3
69.8
53.6
71.7
49.5
69.9
85.9
75.9
62.8
52.0
44.4
68.1
61.1
86.9
91.4
45.3
72.9
62.0
93.4
90.6
53.0
70.5
60.1
89.2
89.8
53.4
66.4
57.6
91.1
91.9
* 59.6
932
44.3
61.4
53.1
80.9
97.7
67.2
68.3
66.9
85.8
96.4
68.9
61.5
70.4
86.1
91.6
76.2
55.6
71.0
87.9
91.5
59.7
56.8
67.9
91.0
87.9
56.8
65.0
62.7
84.7
92.7
86.5
87.8
81.6
81.9
68.8
87.3
86.9
83.3
85.2
87.6
87.0
88.5
84.7
82.4
83.2
84.2
87.5
80.6
87.3
80.1
91.1
90.3
80.8
85.7
82.0
87.4
88.5
83.3
82.3
85.5
86.3
85.9
85.8
88.8
80.3
84.2
81.3
84.5
81.6
72.7
86.3
84.3
88.1
78.3
76.7
85.5
85.5
86.5
85.8
81.3
89.5
88.6
80.8
87.1
80.4
87.0
87.2
81.3
62.0
81.3
84.5
83.9
74.7
79.3
71.5
76.6
75.9
77.3
74.4
62.9
75.3
58.8
76.4
50.9
70.5
52.8
61.9
53.7
61.5
702
85.5
815
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
93.4
96.8
99.2
97.0
70.1
60.9
88.2
93.7
842
852
85.3
70.3
C-38 • October 1992
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series—Continued
YEAR
Jan.
8.9
8.2
1948
1949
1950
1951
1952
1953
1954
11.3
10.6
9.3
9.3
8.7
1955
1956
1957
1958
1959
.
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
8.4
8.3
11.8
10.8
8.8
8.4
9.5
9.9
7.8
7.9
13.1
8.7
7.3
8.2
12.5
12.2
9.2
7.5
7.9
9.1
7.6
8.0
8.5
9.5
7.8
8.1
8.6
11.7
10.9
11.6
11.8
10.0
122
9.1
8.1
7.1
12.3
10.7
10.7
12.1
8.9
9.1
7.2
9.7
9.5
7.9
9.3
8.8
8.0
9.7
8.4
8.0
11.6
12.3
12.5
12.8
12.9
13.3
13.2
13.4
11.8
14.4
10.4
10.4
13.1
14.7
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
16.5
13.7
11.5
11.6
11.1
16.5
12.9
11.3
10.9
10.4
16.4
13.1
12.0
11.4
10.4
15.7
13.1
13.0
11.3
10.5
13.9
14.4
13.5
13.7
15.3
13.1
13.6
16.0
14.1
13.2
13.0
14.1
15.0
14.5
13.5
12.6
15.5
14.9
14.5
12.4
11.9
15.6
15.5
14.5
13.6
11.9
12.6
17.3
14.6
14.0
14.7
122
15.1
14.0
13.6
17.0
14.5
13.9
13.0
12.9
16.1
14.1
14.2
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
12.6
12.0
11.1
11.4
10.8
11.1
11.6
11.6
11.9
11.9
10.1
12.1
10.3
11.7
11.4
11.8
10.4
9.3
9.4
8.1
7.9
105
112
92
8.7
7.9
8.0
10.4
12.4
10.5
8.9
8.5
7.9
8.3
10.6
12.3
10.6
8.8
8.7
7.9
82
10.9
12.4
10.0
102
8.7
82
7.9
8.6
112
12.3
10.1
162
9.7
8.3
7.9
7.7
8.6
11.6
12.4
9.6
9.7
9.7
8.3
8.4
7.8
8.9
11.5
11.8
9.6
9.9
9.8
9.8
8.9
8.3
7.9
8.8
11.5
11.8
9.8
9.8
8.4
82
8.0
8.9
11.9
12.1
9.4
9.6
8.7
8.4
7.6
8.7
12.6
11.7
10.2
9.7
8.9
8.1
8.0
9.3
12.0
11.4
9.5
8.6
8.2
8.0
9.8
11.5
11.4
9.5
8.7
8.4
7.8
8.6
11.3
12.0
10.0
9.7
9.8
9.9
9.9
9.6
10.1
9.8
11.8
16.5
14.5
12.4
11.7
12.9
15.9
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
15.7
14.3
12.0
10.3
15.6
15.6
13.9
11.4
10.6
16.1
15.2
14.0
11.4
10.5
15.4
15.2
13.7
11.7
10.5
16.6
15.3
13.6
11.1
10.6
16.5
15.1
13.6
10.6
10.8
14.2
15.8
14.3
11.9
10.8
11.4
13.9
14.5
19.5
18.9
10.9
13.6
14.9
20.5
18.8
11.3
13.7
15.7
20.8
18.1
11.8
13.8
15.4
21.2
18.0
12.4
14.4
12.9
13.6
16.6
20.0
17.3
202
19.0
11.0
14.0
14.1
19.4
19.1
13.1
13.5
17.2
20.2
16.7
13.6
13.1
17.1
19.7
17.0
13.7
13.1
18.1
19.2
16.8
11.9
13.7
15.6
20.0
18.2
16.1
14.6
14.9
13.7
12.3
16.4
14.7
14.8
13.2
12.3
15.3
14.7
14.9
13.9
12.0
15.5
15.2
14.9
13.2
11.1
15.5
15.2
14.2
13.5
11.9
15.3
15.5
14.4
13.6
11.4
15.3
15.4
14.9
14.2
12.6
15.9
15.2
14.7
14.3
12.3
13.5
11.5
15.3
15.2
14.0
13.4
11.9
15.7
15.0
14.0
12.6
11.7
15.1
15.0
14.2
12.9
11.6
15.6
15.0
14.5
13.5
11.9
12.0
12.5
11.8
12.9
11.9
13.0
11.8
13.4
11.8
13.1
11.8
14.0
12.0
13.9
12.3
14.1
12.4
14.2
12.1
14.6
12.5
14.9
12.5
15.3
12.1
13.8
9.5
9.6
1980
1981
1982
1983
1984
10.4
14.3
13.4
19.4
20.4
10.6
14.1
14.1
1985
1986
1987
1988
1989
15.9
1990
1991
12.9
11.1
148
.
12.7
Annual
14.3
11.0
10.6
12.1
14.9
166
152
.
91. Average duration of unemployment in weeks (weeks)
9.1
8.8
8.6
8.8
9.1
10.0
10.8
11.0
Dec.
Nov.
Oct.
10.9
10.7
.
9.0
7.8
Sept.
13.4
11.6
10.8
11.2
15.3
12.1
11.0
1966
8.4
8.5
12.6
10.6
Aug.
10.6
1975
1976
1977
1978
1979
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
' 1988
1989
1990
1991
12.4
10.1
8.5
8.8
July
14.2
12.5
10.7
11.0
15.5
138
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
8.7
8.3
June
May
Apr.
13.4
11.7
10.4
10.5
16.3
13.5
12.2
11.9
.
Mar.
Feb.
129,601
105,029
85,249
156,483
234,385
271,558
199,227
161,505
190563
198,831
140,492
134,593
139,561
124,045
132,066
138,710
153,390
184,271
22? 672
264,139
275,055
279,523
280,005
249,145
237,344
264,201
329,204
313,336
266164
265,075
281,886
333,562
352,119
342,414
319,489
301,863
326,002
345,155
351,375
346,756
373,200
393,422
411,956
410,925
11.7
16.3
14.7
12.5
112
192
127,653
101,541
86,403
166,891
234,363
273,117
193,238
163,115
190,696
198,781
135,948
137,517
136,356
124,347
133,757
141,470
154,943
187224
227,692
264,003
275,388
280,759
276,557
251,740
238,122
270,470
333,608
307,457
264,236
263,210
284,026
340,724
352,928
339,502
317,760
299,706
330,420
345,269
352,938
345,681
376,166
394,507
411,194
411,531
125,846
97,615
88,113
178,845
241,586
269,185
184,387
167,273
191,405
195,464
135,116
140,994
132,911
123,614
132,602
145,880
156,991
189,765
234,003
262,943
278,415
281,444
273,135
250,743
238,658
279,112
334,783
299,397
265,789
263,524
289,440
346,799
347,516
339,425
317,923
300,377
339,093
343,703
357,049
346,701
374,912
396,638
414,561
408,056
9.6
162
17.0
142
92a. Manufacturers' unfilled orders in 1982 dollars, durable goods industries (bil. $)
124,776
122,705
124,317
125,355
124,654
121,915
92,295
87,775
83,045
79,740
78,382
77,475
89,657
91,062
93,892
102,716
117,370
125,230
190,346
198,524
207,281
215,482
219,007
221,938
249,568
249,420
259,358
265,934
268,314
270,422
228,757
266,351
265,065
262,209
253,427
242,752
177,915
171,553
165,039
160,841
156,778
157,813
167,934
169,143
169,879
172,093
173,759
175,997
194,147
194,659
194,255
198,389
203,862
204,875
192,171
189,601
185,728
179,830
174,583
169,702
132,954
132,655
133,741
133,430
132,994
131,290
142,898
142,464
143,125
141,563
141,101
143,234
130,450
129,012
128,432
126,926
127,911
128,631
124,710
125,485
125,814
126,367
127,651
127,892
131,048
129,964
129,377
129,299
127,952
129,078
148,240
150,772
150,129
149,937
149,734
150,510
159,098
162,077
164,710
169,201
170,704
173,385
192,290
195,067
197,592
199,529
201,787
204,822
239,223
242,896
247,362
251,303
254,434
259,875
263,237
266,299
270,020
271,406
271,500
271,216
278,507
275,995
274,978
271,582
273,840
275,870
286,016
286,832
287,013
286,653
287,065
288,727
269,733
265,573
263,242
259,659
255,825
254,005
248,012
243,410
239,217
236,171
236,875
236,536
237,812
239,800
241,914
243,787
245,755
250,665
284,708
288,040
292,004
294,670
301,275
307,156
338,911
342,120
342,644
341,705
345,713
342,911
292,947
287,937
283,009
283,151
281,647
279,483
265,736
264,213
264,131
265,740
262,821
262,755
265,191
265204
268,064
269,122
271,543
272,858
292,540
297,475
301,183
304,140
307,773
314,074
351,734
349,479
349,399
351,450
351,005
350,177
343,799
339,621
338,019
341,556
340,172
341,539
339,552
339,399
336,936
336,623
334,173
332,817
317,464
312,869
308,702
305,313
300,499
298,398
300,108
300,985
304,211
305,442
306,550
309,476
339,579
341,901
340,893
343,983
343,943
343,913
341,846
341217
344,799
344,809
345,799
348,635
354,763
352,462
350,115
349,623
347,588
349,172
350,412
354,118
358,457
363,126
365,515
365,567
375,793
376,372
377,573
378,896
381,562
381,600
399,131
397,611
399,769
401,736
399,480
400,327
415,789
415,771
413,104
414,402
413,144
413,120
404,362
402,030
397,601
403,259
403,913
399,487
116,539
79,205
131,582
228,434
267,402
220,608
162,426
179,764
202,420
163,319
130,973
145,101
126,292
127,743
130,979
151,018
177,479
209,466
262,276
273,765
278,898
287,657
249,878
235,359
252,800
313,583
334,652
276,506
264,399
275,718
320,942
352,918
342,947
329,062
298,365
316,122
341,297
348,860
348,251
367,163
383,477
399,906
414,960
397,414
113,554
81,345
134,429
231,415
266,025
214,819
159,553
181,829
201,290
158,871
132,803
144,804
125,674
128,552
130,976
151296
178,746
212,985
263,222
274,008
278,831
285,682
248,112
236,258
254,383
319,366
328,289
273,625
263,590
276,739
328,032
350,894
342,090
325,446
295,741
320,720
342,580
346,441
348,958
368,013
382,902
403,256
409,123
395,078
109,543
82,793
137,345
232,212
265,255
207,933
159,331
186,847
200,251
154,454
132,347
143,528
124,328
130,485
135,240
149,839
180,338
217,082
264,210
277,042
279,126
283,190
246,713
236,939
259,848
323,653
320,139
269,440
264,988
280,990
331,041
349,305
342,609
320,804
298,708
322,471
341,867
348,005
348,393
369,106
390,277
409,758
411,381
392,358
109,543
82,793
137,345
232,212
265,255
207,933
159,331
186,847
200,251
154,454
132,347
143,528
124,328
130,485
135,240
149,839
180,338
217,082
264,210
277,042
279,126
283,190
246,713
236,939
259,848
323,653
320,139
269,440
264,988
280,990
331,041
349,305
342,609
320,804
298,708
322,471
341,867
348,005
348,393
369,106
390,277
409,758
411,381
392,358
October 1992 •
SURVEY OF CURRENT BUSINESS
C-39
Historical Data for Selected Series—Continued
YEAR
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
1990 .
1991 .
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 .
1990 .
1991 .
Jan.
Mar.
Feb.
-2.10
-4.51
2.46
19.14
2.17
6.30
-8.71
2.17
3.72
-1.42
-14.06
2.25
-3.97
-.28
1.58
3.47
3.55
3.93
5.59
-.07
-1.99
.40
-3.18
2.43
.40
4.35
5.55
-6.80
-328
'.09
.90
2.52
2.81
-.20
-1.32
3.16
3.53
3.29
3.37
-1.64
4.09
3.14
2.20
-.46
-1.95
-3.49
-1.82
-3.21
.97
8.08
3.18
.99
-9.02
.29
3.13
-.28
-6.52
.71
-.47
-.62
.98
1.57
.21
2.72
3.83
2.01
1.03
.83
-1.32
-1.87
-21
3.46
5.42
-5.65
-2.52
.33
2.29
5.08
-.35
.41
-3.04
-.58
3.68
-.07
.94
-.60
2.00
2.38
2.05
-.79
-1.87
-3.63
1.55
9.12
2.16
1.07
1.15
10.41
-.02
1.56
-5.99
1.61
.13
-.05
-4.54
2.92
-3.20
.30
1.69
2.76
1.55
2.95
5.02
Apr.
-1.81
-3.93
1.71
11.95
7.22
-3.93
-8.85
4.16
.71
-3.32
-.83
3.48
-3.44
-.73
-1.16
4.41
2.05
2.54
6.31
-.14
.33
124
-1.06
3.03
.68
-3.45
2.60
-3.42
-1.00
.54
8.64
1.18
-8.06
1.55
.31
5.41
6.08
-5.41
-.08
.78
6.27
4.40
-5.88
-1.93
-1.86
2.14
7.16
.81
-2.91
-1.73
-2.16
.16
.67
4.42
8.67
.11
1.56
-1.08
-1.57
4.11
1.02
-1.25
2.13
3.37
-3.48
2.97
1.08
-.76
.61
-8.59
.96
2.96
-.63
-6.94
1.20
-1.27
-.47
1.19
2.18
.54
2.76
4.27
1.25
.75
.91
-2.03
-.73
.19
4.09
5.28
-€.50
-2.52
.10
2.28
5.15
-.11
.01
-2.96
-.10
3.86
.12
1.21
-.70
2.14
2.57
2.05
-.57
June
May
Aug.
Sept.
92b. Change in manufacturers' unfilled orders in 1982 dollars, durable goods industries
1.04
-2.07
-0.70
1.61
-1.07
-4.52
-5.32
-1.36
-3.31
^.73
8.82
1.41
1.54
14.65
2.83
3.53
8.20
8.76
8.18
11.50
9.94
2.38
6.58
-.15
7.98
-10.67
-8.78
-2.86
-1.29
-2.83
-6.47
-4.06
-4.20
-6.51
-6.36
.74
1.67
2.21
1.21
.66
5.47
2.74
4.13
-.40
.51
-2.57
-5.90
-3.87
-5.25
-3.29
-.44
1.09
-.30
-.31
-2.16
-.46
-1.56
.66
-.43
1.90
-1.44
.98
-.58
-1.51
-2.46
1.28
.55
.33
.78
1.10
-1.35
-.08
-.59
-1.08
-1.55
-.64
-.20
-.19
2.53
2.36
1.50
4.49
2.63
2.98
2.11
1.94
2.52
226
2.78
2.52
3.94
4.47
3.67
3.13
5.22
3.72
.09
1.39
3.06
.29
-3.40
-1.02
-2.51
2.26
.09
.41
-.36
.18
.82
4.57
-3.83
-3.58
-2.33
-4.16
-3.40
.70
-3.05
-4.19
-4.60
-2.73
1.97
1.87
2.11
1.99
-.85
6.60
2.67
3.96
5.60
3.33
-.94
.52
3.21
4.01
4.13
.14
-1.50
-4.93
-5.01
-6.45
-2.92
-.08
1.61
-1.52
-.05
2.42
1.06
2.86
.01
1.67
3.71
4.94
3.63
2.96
3.10
-.44
2.05
-.83
-.08
2.68
3.54
-1.60
-1.38
-3.72
-4.18
-2.46
-2.45
-.31
-.15
.13
-4.17
-4.81
-3.39
-4.60
-.46
1.11
3.23
1.23
.88
-.27
-.04
3.09
-1.01
2.32
.49
-1.86
-2.29
3.71
.88
2.49
1.23
-.63
3.58
-2.30
3.71
.58
-1.52
-.02
-2.35
4.34
-3.69
-2.33
-4.43
1.20
2.16
-2.67
Nov.
Oct.
(bil. $)
-2.74
-.91
7.86
2.93
2.11
-13.99
1.04
2.24
1.01
-4.88
-1.70
2.13
.72
.24
1.13
.78
2.68
3.04
5.44
-.28
2.03
1.66
-1.82
-.34
4.91
5.88
-2.80
-2.16
-.07
1.32
6.30
1.56
1.37
-1.36
-2.10
2.93
-.03
.01
-.49
4.67
1.32
1.97
.99
-2.04
2.39
2.67
-2.26
2.84
1.30
5.66
-1.26
.65
-.02
-4.43
1.58
.05
.04
.85
92. Change in manufacturers' unfilled orders in 1982 dollars, durable goods industries, smoothed (bil. $)t
-1.78
-1.76
-1.30
-.71
-.37
'
-.48
-4.28
-4.52
-4.69
-4.60
-4.12
-3.40
2.18
3.14
5.24
2.08
2.08
6.83
1.91
7.54
10.87
10.72
9.05
10.11
10.96
10.23
2.24
4.06
4.95
3.11
5.13
4.83
3.06
-1.57
.44
-4.71
-7.02
-2.89
-.36
-.96
-6.52
-5.82
-8.37
-7.99
-7.55
-7.15
-4.49
1.97
2.11
2.03
1.78
2.18
1.89
1.89
2.34
1.44
1.49
2.24
1.97
2.05
2.55
-4.11
-3.46
-4.60
-1.80
-2.26
-2.75
-1.19
-4.24
-.41
-2.81
-1.63
-.79
-5.46
-6.36
1.16
2.03
1.76
.59
.46
1.80
2.16
-2.67
-2.23
-1.00
-2.02
-2.52
-2.48
-1.66
.42
.62
-.41
.69
-.18
.09
.28
.07
-.31
-.49
-.72
-.60
.55
1.00
1.42
3.27
2.81
2.13
.92
3.17
2.85
.94
1.33
2.69
1.78
2.16
2.85
2.91
2.71
2.70
2.67
2.55
2.45
2.46
2.75
4.44
5.17
5.18
5.10
4.89
4.53
4.80
1.24
.72
1.13
1.09
.03
.16
.50
-.07
.40
-.79
-.80
.89
.86
-.43
.97
1.64
1.57
1.26
.93
1.43
.90
-2.64
-3.63
-3.47
-3,09
-3.50
-3.59
-3.69
-.67
-1.50
-2.19
-2.20
-1.96
-.09
-.08
.47
.97
1.28
2.16
.48
.66
1.55
5.77
5.05
5.07
5.72
5.56
4.96
5.03
3.14
2.20
1.89
1.08
4.65
4.21
3.81
-7.37
-5.75
-3.42
-7.21
-7.52
-6.95
-4.48
-.24
-1.07
-.31
-1.97
-1.39
-.75
-.31
.92
1.29
.23
.63
1.51
-.01
.16
3.44
3.80
3.73
3.81
4.16
2.70
3.00
1.44
3.44
2.45
4.22
.86
5.32
5.06
-2.24
-2.62
-2.02
-1.58
-.93
-1.43
-.69
-.37
-.67
-.79
-1.09
-.24
-.34
-1.30
-2.63
-3.26
-1.94
-1.98
-2.29
-3.11
-2.49
1.74
1.32
1.46
.44
.59
1.03
.29
4.14
1.32
2.69
2.00
3.23
4.50
4.61
.41
-.12
.14
.90
-.54
-.31
.01
.07
-.98
.88
-.48
-1.01
1.53
1.75
3.37
1.02
1.98
3.20
2.90
.15
-.52
1.11
1.08
1.12
.95
.90
1.77
1.43
1.00
.62
1.77
1.62
2.64
2.09
2.62
.14
1.89
1.09
.65
-.19
223
2.20
-.99
-1.82
-2.43
-1.70
-.84
-1.38
-1.88
-3.92
t Data are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
July
-5.38
1.73
6.35
6.50
-3.02
-8.15
4.61
3.77
-2.45
-6.38
-.32
1.87
-2.34
-.15
1.90
.51
4.09
4.64
2.40
2.55
3.03
-1.07
-4.13
-1.18
2.14
6.43
-8.26
-2.98
Annual
Dec.
-2.99
2.14
2.85
2.98
-1.38
-5.79
-2.87
2.07
-1.13
-4.45
1.83
-.30
-.62
.81
0
.28
127
3.52
.95
.24
-.07
-1.98
-1.77
.90
1.58
5.78
-6.36
-4.01
1.45
2.92
.80
-.77
-6.89
-.22
5.02
-1.04
-4.42
-.46
-128
-1.35
1.93426
-1.46
1.59
4.10
.99
3.03
.30
-2.49
-1.40
.68
5.46
4.29
-8.15
-1.85
-2.23
4.55
7.91
2.75
-4.78
-4.05
2.29
1.12
-3.82
-1.85
.93
-1.60
.51
.40
1.22
2.54
3.06
3.93
1.07
.17
.34
-3.04
-.82
1.91
5.32
-.29
-4.22
-.37
1.33
4.17
.85
-.58
3.35
-5.84
-4.18
1.40
4.25
3.01
-1.59
.52
-4.64
2.97
1.75
-71.
1.56
-.56
1.09
7.38
6.50
226
-2.34
-2.72
-1.21
-1.87
-1.05
-2.55
.02
-1.47
-2.29
7.69
7.55
5.43
221
-9.05
-1.36
228
1.03
-5.34
.23
.53
-.65
.60
.07
.33
6.84
4.18
.99
-9.06
-.55
2.98
3.04
3.50
2.72
3.35
2.80
1.36
.78
-.59
4.01
8.57
3.29
-3.47
-5.82
1.85
1.94
-3.07
-2.90
1.10
-1.54
20
, .19
1.76
2.02
2.74
4.39
.99
29
.88
-3.03
-1.24
1.31
5.07
2.03
-520
-.91
.93
3.73
2.76
-.98
-.94
-2.59
1.30
2.50
.25
.14
1.51
1.37
1.62
.86
-1.31
-2.88
1.64
2.86
-.81
6.87
1.18
1.41
-3.76
-.03
6.65
-2.62
22
-.92
7.09
-2.02
1.60
1.88
-.42
1.84
-2.07
6.51
3.60
-8.53
-2.48
2.14
1.72
-5.13
-.18
.58
-.80
.62
-20
.57
3.11
2.76
4.12
1.21
.26
.59
-3.43
-1.72
2.51
5.26
-.65
-2.74
-.05
1.82
4.72
.56
-23
-1.76
-2.92
2.56
.40
1.02
-.86
-3.62
-2.62
4.60
1.28
-2.42
.71
1.14
.61
.06
-3.18
-1.22
2.59
5.46
-2.43
-2.36
0
1.90
5.37
.04
.09
-227
-2.67
3.32
2.73
.35
-5.34
.37
.26
-.66
.77
.78
-.05
-2.80
-.67
3.03
5.43
^.24
-2.39
.21
226
5.44
-.48
.34
-2.89
-1.77
3.55
-.37
.26
-.03
.73
-.71
2.43
1.00
.46
-.10
-1.15
-.82
1.39
-.83
-1.41
-1.73
1.09
-.95
2.89
1.18
.63
-.55
1.98
1.75
1.52
-.56
-1.82
-1.84
1.98
1.62
.51
.03
1.73
1.77
1.62
.14
-1.59
-3.31
C-40 • October 1992
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series—Continued
YEAR
Jan.
Feb.
May
Apr.
Mar.
June
July
Aug.
Sept.
Nov.
Oct.
Annual
Dec.
95. Ratio, consumer installment credit to personal income (percent)
1948
1949
3.56
4.51
3.65
4.60
3.77
4.65
3.89
4.77
3.96
4.90
3.97
5.07
4.06
5.20
4.11
5.27
4.21
5.31
4.22
5.56
429
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
5.63
6.28
6.05
7.22
8.19
5.69
6.26
6.01
7.32
8.17
5.68
6.20
6.04
7.45
8.17
5.90
6.09
6.11
7.57
8.20
6.03
6.03
6.25
7.67
8.17
6.20
5.98
6.45
7.73
8.18
6.31
5.93
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
6.80
8.05
8.13
822
8.30
9.24
9.41
9.70
8.42
9.32
9.43
9.60
9.32
8.50
9.31
9.45
9.59
9.35
8.60
9.37
9.48
9.53
9.41
8.75
9.36
9.46
9.45
9.48
8.75
9.42
9.49
9.28
9.61
8.91
9.37
9.50
9.27
9.84
9.01
9.34
9.58
9.24
9.96
9.05
9.31
9.63
1960
1961
1962
1963
1964
10.10
10.76
10.35
10.87
11.68
12.25
12.67
12.48
12.12
12.26
12.43
12.38
12.48
12.91
13.22
12.79
12.11
12.51
13.22
13.75
13.83
12.25
12.01 ^
11.80
12.34
13.62
14.99
15.47
15.61
15.96
15.86
15.44
10.35
10.65
10.33
11.10
11.84
12.44
12.68
12.45
12.08
12.33
12.38
12.39
12.50
13.05
13.34
12.74
12.15
12.64
13.24
13.77
13.76
12.16
11.91
11.88
12.51
13.89
15.03
15.33
15.60
15.81
15.72
15.39
10.38
10.59
10.37
11.19
11.87
12.53
12.69
12.43
12.08
12.36
12.10
12.38
12.57
13.15
13.35
12.65
12.20
12.73
13.21
13.89
13.67
12.16
11.84
11.83
12.61
14.01
15.04
15.40
15.61
15.85
15.68
15.33
10.43
10.50
10.45
10.51
10.40
10.51
11.26
12.00
12.58
12.65
12.35
12.07
12.40
12.25
12.15
12.88
13.21
13.29
12.21
12.27
12.89
13.44
13.98
13.36
12.13
11.81
11.87
13.01
14.28
10.56
10.35
10.56
11.38
12.05
12.63
12.66
12.28
12.07
12.39
12.26
12.38
12.75
13.33
13.20
12.36
10.60
10.36
10.63
11.44
12.07
12.70
12.61
12.24
12.06
12.36
12.25
12.39
12.73
13.28
13.19
12.24
12.27
12.90
13.54
13.88
12.98
11.85
11.76
12.11
13.15
14.48
15.42
15.62
15.74
16.04
15.66
15.00
10.64
10.38
10.66
11.48
12.14
12.48
12.55
12.26
12.06
12.38
12.23
12.46
12.75
13.28
13.15
12.18
12.32
12.96
13.58
13.91
12.77
11.93
11.78
12.10
13.17
14.69
15.52
15.63
15.72
16.05
15.59
14.96
prices (1982=100)
40.88
40.52
34.81
35.30
41.06
44.15
48.52
46.12
39.88
40.21
39.12
38.93
39.04
38.81
41.28
41.24
40.97
41.14
40.10
40.02
38.24
38.49
40.68
40.83
40.66
40.63
40.12
40.27
39.68
39.57
40.04
40.08
41.31
41.73
43.64
43.88
44.69
43.58
40.66
40.58
42.29
42.60
46.06
46.56
45.43
45.35
45.28
45.70
51.65
51.86
64.42
66.40
78.05
77.22
65.14
66.62
78.43
78.53
79.97
80.51
86.39
87.86
102.88
102.58
106.65
108.85
111.21
111.40
99.33
98.44
105.17
108.55
116.81
115.31
106.00
105.37
106.81
104.03
120.54
122.07
128.27
128.68
131.60
131.17
127.60
128.05
119.92
11820
39.95
35.70
46.72
44.70
40.54
38.63
39.02
41.29
41.23
39.71
38.74
41.03
40.49
40.23
39.57
39.91
42.14
43.93
43.16
40.66
42.81
47.03
44.92
45.96
51.99
67.65
76.45
68.67
78.65
80.56
89.04
102.48
110.12
109.65
98.81
.11022
114.98
103.71
105.94
122.82
128.31
131.40
127.71
116.63
9.20
9.43
9.72
9.25
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
1991
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
1991
.
...
40.01
39.03
35.55
53.40
43.50
39.39
37.56
39.61
42.00
41.51
38.35
39.49
41.58
39.42
40.48
39.61
40.72
42.71
44.51
41.79
40.97
44.66
47.16
44.36
46.93
55.83
76.12
66.43
70.70
78.42
83.75
92.96
110.55
110.31
104.30
97.97
115.39
110.61
104.63
112.54
123.54
133.81
125.76
123.36
929
1021
10.72
10.37
11.06
11.67
12.42
12.69
12.53
12.01
12.38
12.43
12.41
12.34
13.00
13.32
12.83
12.09
12.53
13.23
13.78
13.75
12.13
11.87
11.76
12.39
13.63
15.05
15.34
15.62
15.88
15.81
15.43
40.34
38.25
35.56
54.27
42.58
39.19
37.56
39.94
41.97
41.00
38.32
39.42
41.25
39.89
40.30
39.62
40.75
42.61
44.69
41.42
41.16
45.13
46.76
44.38
47.21
57.56
77.84
66.28
71.40
79.19
84.36
94.83
112.51
108.94
103.87
99.92
116.78
110.03
104.15
111.93
123.59
135.37
124.21
122.66
39.91
37.59
36.01
54.20
41.44
39.55
37.95
39.84
42.03
41.00
37.95
39.84
41.09
39.97
40.37
39.64
40.94
42.80
44.97
40.87
41.62
45.30
46.48
44.77
48.34
58.95
79.34
65.82
71.82
80.87
84.06
96.92
113.63
109.99
102.71
100.12
117.98
109.75
103.01
112.60
124.82
135.83
125.69
121.60
40.19
36.00
36.44
53.42
41.17
39.26
38.48
40.14
41.85
40.82
37.50
40.25
41.21
40.05
40.00
39.50
41.26
43.20
45.02
40.47
41.81
45.50
46.45
45.32
49.01
60.23
79.14
66.39
73.32
80.64
83.57
99.37
111.32
110.94
100.45
100.40
118.47
108.79
102.64
115.11
126.04
135.02
127.48
121.31
1124
11.94
12.56
12.69
12.39
12.06
12.39
12.19
12.36
12.63
13.18
13.30
12.52
12.22
12.79
13.32
13.96
13.54
12.18
11.79
11.77
12.88
1422
15.19
15.41
15.65
15.95
15.71
1521
1527
15.53
15.70
15.99
15.64
15.12
99a. Index of sensitive materials
40.71
41.07
35.47
34.76
37.54
38.62
53.00
51.62
40.85
40.10
39.53
39.38
38.56
38.85
40.30
40.56
41.54
41.04
40.56
4024
37.59
37.69
40.64
40.69
4120
40.89
40.24
39.84
40.15
39.83
39.56
39.71
41.07
41.19
43.69
43.56
44.84
44.71
40.41
40.72
41.59
41.98
45.56
45.78
46.34
45.89
44.87
45.10
50.70
51.25
61.08
63.05
77.57
77.36
66.94
65.27
74.63
75.75
80.59
79.75
84.02
85.91
100.97
102.07
107.72
106.07
111.01
110.97
100.35
98.83
101.33
102.38
118.25
117.97
107.73
106.63
103.59
105.14
117.71
118.84
126.77
128.36
133.82
132.70
127.55
127.37
121.25
120.30
1226
12.84
13.49
13.87
13.13
11.98
11.75
11.95
13.08
14.39
15.37
15.65
15.67
15.97
15.66
15.10
920
10.08
10.64
10.33
10.72
11.53
1223
12.61
12.52
12.25
12.10
12.39
1223
12.52
12.63
1321
13.03
12.14
12.36
13.04
13.54
13.91
12.59
11.94
11.73
12.14
13.38
14.74
15.71
15.41
15.56
16.02
15.60
14.91
39.68
34.98
48.02
4521
40.07
38.32
39.31
41.16
41.31
39.22
39.48
41.30
40.19
40.49
39.66
40.18
42.79
44.18
42.73
40.73
43.35
46.92
45.06
46.15
52.83
68.98
73.41
69.19
78.17
81.15
91.03
105.75
111.20
108.33
98.29
112.48
112.60
103.53
109.51
123.38
12825
131.51
126.60
115.94
4.40
5.73
4.01
5.10
6.35
5.94
6.96
8.16
8.10
6.22
5.98
7.09
6.10
6.04
6.46
7.77
8.16
9.08
9.39
9.66
9.13
9.13
9.39
9.72
9.17
10.08
10.70
10.28
10.79
11.60
12.21
12.60
12.48
12.22
12.12
12.41
12.18
12.54
12.56
13.13
13.03
12.13
12.31
13.07
13.63
13.90
12.44
11.91
11.72
12.21
13.45
14.87
15.72
15.49
15.75
15.96
15.52
14.89
10.02
10.79
10.30
10.85
11.60
12.20
12.60
12.53
12.20
12.18
12.37
12.17
12.55
12.61
13.12
12.97
12.16
12.41
13.15
13.69
13.80
12.35
11.93
11.80
12.32
13.53
14.82
15.57
15.39
15.71
15.95
15.35
14.72
39.73
35.33
49.57
44.46
39.58
38.08
39.22
41.46
41.57
38.84
39.79
41.42
40.03
39.82
39.80
40.48
42.99
39.49
35.47
50.88
44.07
39.90
37.88
39.16
42.04
41.80
38.61
39.37
41.54
39.61
40.28
39.59
40.78
43.13
44.21
42.14
41.20
44.14
47.18
44.60
46.61
54.90
74.65
67.41
70.32
78.22
82.85
92.04
108.68
111.35
105.06
97.18
114.94
111.57
103.13
111.62
122.99
13224
126.60
123.70
116.48
5.64
4421
42.35
40.81
43.91
47.11
45.16
46.20
54.06
70.66
70.85
69.54
77.79
81.72
92.52
107.39
112.04
106.40
97.45
11423
112.42
103.06
111.91
122.35
131.04
129.35
124.24
116.20
820
8.16
8.73
9.34
9.52
9.41
9.64
10.49
10.47
10.55
11.31
11.99
12.53
12.62
12.34
12.08
12.37
12.26
12.41
12.62
13.15
1320
12.41
12.25
12.84
13.43
13.87
13.18
12.05
11.81
11.98
12.96
14.30
15.32
15.47
15.66
15.95
15.65
15.13
40.21
36.06
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
43.55
43.95
40.86
42.35
46.07
45.80
45.39
50.89
64.12
75.90
67.22
75.62
80.52
87.05
101.41
110.17
109.52
100.00
105.64
115.71
106.53
106.08
118.57
127.49
132.35
126.33
119.49
October 1992 •
SURVEY OF CURRENT BUSINESS
C-41
Historical Data for Selected Series—Continued
YEAR
Jan.
1950
1951
1952
1953
1954
-2.00
.03
4.95
1.63
-1.29
-1.28
-.84
:.
.
1.15
-.10
-.69
-.67
.30
.10
1960
1961
1962
1963
1964
-.48
.50
.05
-.15
1965
1966
1967
1968
1969
1970
1971
1972
1973 .
1974
1975
1976
1977
1978
1979
-1.16
.23
-.97
.68
.
-.51
0
.83
-.07
-1.23
.03
.07
-.23
.40
-.04
-.54
-.85
.46
1.05
.05
.60
.20
.17
.05
.47
.45
.63
-1.33
1.12
.38
-.60
.88
1.69
1.97
3.10
2.26
2.39
2.41
1.93
-1.45
.54
.26
-.23
-.69
.99
.98
.73
2.01
1.77
1.00
-1.24
.96
-1.12
20
-.86
1.45
1.19
1.17
1990
1991
-.66
-.27
-1.23
.81
.39
.82
.45
-.66
.28
.59
2.12
-.36
2.20
1985
1986
1987
1988
1989
-.41
1.99
1.20
-.52
-.46
-.54
.04
-.57
-.91
.35
1.03
-.25
-1.09
.60
1.00
.34
1.19
-.86
-1.16
.51
0.70
-4.23
1.19
-1.44
-.65
-.73
1.40
.75
-.43
-.44
-1.19
1.03
.29
.20
-.92
-.35
.78
.93
.11
-.98
.46
.44
-.06
1.23
1.39
2.17
-.25
July
3.02
-.79
-.78
.69
.21
.40
-.74
-.64
.24
.97
-.02
.47
.38
.15
-.46
1.13
-.40
-.15
-.53
.13
-.24
-.99
3.45
1.41
6.32
7.53
-4.95
.83
-3.08
.82
-1.16
-.49
-.59
-.77
-.80
-.38
.75
.65
-1.20
-.79
.27
.12
-.75
-.99
-.80
.38
.29
-.30
-.29
.77
.94
.48
-.97
.51
1.08
3.23
-.27
-2.03
.86
-2.20
.28
.42
-3.23
.06
-1.53
-.10
-1.51
-.87
-.36
2.23
-.97
-.60
1.42
-.24
-1.73
.70
.93
.93
2.26
.58
-.89
.05
-.05
1.50
2.25
1.09
-.04
1.04
-24
-1.02
1.50
.96
1.25
-.84
-.14
-.78
1.60
-.07
-.56
-.07
.70
.83
.29
.18
-.04
-.15
.74
.61
-1.00
.40
.78
2.17
.89
-.20
3.54
.28
.56
.79
.55
.22
.51
2.73
-.98
-.59
1.59
1.43
-.07
-.83
.18
-.32
2.52
4.47
4.00
3.16
2.06
-1.86
-1.81
-1.62
-1.40
-1.33
-1.50
-1.18
-.33
-.63
-.21
-.37
-.21
-.09
-.06
-.12
.67
.34
-.60
.12
-.06
.41
.39
-.02
-.71
.46
.16
-.39
.09
-.03
.42
.55
.28
-1.01
.28
.94
.31
-.98
-.46
-.40
.58
.36
.31
.31
.30
1.00
.09
.60
.37
.31
-.13
-.69
.42
-.02
-.18
.08
0
.35
.18
.37
-1.01
.41
.95
-.13
-.20
.86
-.24
-.74
.47
-.09
-.01
-.06
-.03
.39
.21
.37
-1.02
.49
.85
-.25
.11
.27
.42
-05
-.35
-.64
.57
-.11
.15
-.08
-.03
.31
.35
.27
-.91
.40
.69
-.32
.15
.48
.46
-.32
-.48
-.46
.57
-.22
.10
-.19
.03
.25
.35
.13
-.62
.41
.58
-.45
.22
1.72
2.91
1.98
2.77
1.08
2.16
2.29
1.53
2.16
1.43
1.73
2.31
1975
1976
1977
1978
1979
-3.01
-2.81
-2.42
-1.74
-1.00
1.29
1.21
1.09
1.15
1.27
-.77
1.37
1.22
1.24
1.39
1980
1981
1982
1983
1984
1.32
1.45
.32
-1.12
.01
-1.10
.21
1.47
-.05
1990
1991
-.20
-.38
.19
.72
-.19
1.61
-1.01
-23
1.29
.39
.79
-.99
-.60
.19
.84
.45
.75
.51
.52
.46
.38
.55
-2.48
-.20
.73
.69
.23
.56
.61
.66
-.47
-.54
-.10
.49
-.32
.14
-.28
.17
.23
.32
.03
-.39
.47
.51
-.60
.28
1.72
2.37
.29
-.56
1.72
.11
.66
3.07
-1.06
2.27
.13
.68
-.41
-.69
-.09
-.59
.24
-.56
.58
1.31
.62
-.29
.21
-.50
.20
.49
.57
.25
1.88
-1.00
3.08
.15
.06
.66
-.74
.65
.23
.68
1.54
.57
-1.00
.17
1.26
-.23
.31
.41
2.64
-.88
-.63
-.23
.73
.63
-.97
.79
.29
-.40
.40
.22
.11
1.54
-.29
-1.58
-2.60
1.27
.32
1.84
.61
-.29
-.59
-1.06
.29
-1.05
.74
.33
0
.96
.52
.15
-1.24
.89
2.33
2.44
1.55
5.65
-3.98
.76
-3.49
.51
-4.86
-.61
-.49
.73
.70
-.85
1.56
-.16
-.59
.55
1.62
1.97
-.53
2.05
-1.28
1.40
-.50
.20
1.29
.76
-1.78
-1.57
.38
-.53
-.15
-.89
.98
-1.20
.17
.81
1.16
-.53
1.17
-.90
3.21
.40
-1.65
.35
.75
.47
.07
2.06
-2.07
-.17
3.37
.46
-.05
-.45
2.19
-.83
2.18
1.12
.55
1.38
-.52
1.20
.62
-.76
.07
-.26
.52
.92
-2.13
-.41
-.49
-.48
-.16
4.72
5.04
4.98
4.63
-2.81
-3.61
-3.44
-3.10
-2.60
-.83
-.21
-.40
-.33
-.25
-.47
-.29
-.57
-.17
-.62
3.73
.52
.68
-.43
-.52
.22
.43
-.35
.20
-.33
.25
.32
.34
-.37
-.22
.54
.55
-.63
.41
1.54
2.51
-.13
-.05
1.71
.11
.86
.47
.61
-.32
-.55
.46
.40
-.37
.20
-.32
.20
.46
.32
-.68
-.07
.57
.64
-.69
.50
1.26
2.50
-.49
.66
1.50
.10
1.04
.90
.48
.45
-.19
-.66
.80
.42
-.43
.25
-.24
.24
.69
.34
-.91
.05
.68
.57
-.59
.54
.39
.39
0
-.76
.99
.41
-.46
.03
-.43
.24
-54
.11
.26
.49
.18
-.80
.83
.39
-.56
.05
-.11
-.09
.33
.79
.32
-1.04
.14
.83
.51
.43
.79
.26
-1.04
.30
.88
.42
-.42
-.44
.51
.54
1.14
2.43
1.23
2.38
1.33
2.80
-1.17
-1.88
-2.69
1.10
1.09
1.27
1.35
.18
1.31
.98
.15
.64
.30
1.51
1.11
.46
.28
.60
-.05
-.66
.17
.45
-.39
.14
-.14
.25
.47
.21
-.40
-.19
.58
.56
-.47
.37
1.38
2.60
-.82
.37
.90
.48
.89
1.40
.22
-.16
-.72
.08
-.82
-.43
-.48
-.64
1.41
-.24
-.28
-1.33
.18
-.27
3.08
-1.26
-1.64
-1.86
.22
.35
-1.43
-0.88
-1.15
-.62
-.87
-.59
-.33
-.76
.63
.04
.09
-.96
1.91
3.23
-1.66
-1.22
1.64
1.55
-.76
1.21
.98
.11
.19
-1.23
-060
2.23
3.19
-.60
.47
.41
-.42
.74
-.31
Annual
0.13
1.00
1.34
-.10
-.95
1.12
.87
.38
.74
0
2.78
1.14
1.70
-.29
-.83
.05
-.34
-.10
-.95
.93
.41
-.55
-.73
-.03
1.10
.65
.49
-.18
.12
-1.17
.79
.41
-.74
-.14
-.77
1.01
.17
.10
-1.17
.67
.70
.14
.54
.12
.22
1.09
1.00
|- Data are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
1.02
1.28
1.19
-.86
-.72
.10
1.62
-.81
-.08
-.66
.37
-.28
1.75
-.94
-.05
1.02
.81
.27
.95
.65
.37
1.76
1.38
.25
.94
-1.11
.41
1.62
.05
-1.24
.55
.98
-1.09
.44
-.10
99. Change in :sensitive material!5 prices, smoothed (percent) t
.30
.14
.38
-2.19
-1.98
-1.40
-2.02
1.44
2.93
1985
1986
1987
1988
1989
.49
1.78
-.17
-.35
1.46
-.02
-.25
-.68
-.81
.. . ...
-.55
-.66
-2.14
.02
.41
.16
-0.68
-2.02
-6.01
-1.04
-.19
1.13
2.88
1.79
-.06
.54
-1.41
Dec.
Nov.
-2.60
-1.84
2.09
-.28
-.58
2.53
1.61
Oct.
5.82
-2.49
.98
Sept.
99b. Charige in sensitive nlaterials prices (percent)
1.29
0.88
-0.46
-0.88
-1.47
.14
1.41
-2.00
-1.98
.83
.87
Aug.
1.12
1.03
.31
.47
.17
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
.14
0
-.39
1.72
-.93
-.72
1955
1956
1957
1958
1959
1.04
-.25
-.79
1.19
-.44
1980
1981
1982
1983
1984
1950
1951
1952
1953
1954
-2.68
.92
-.97
1.07
-.89
1.09
1.00
1948
1949
1.27
-.13
-.08
-.18
-.83
-.56
1.18
.69
. .
-2.11
-1.07
-1.73
June
May
Apr.
Mar.
0.82
1948
1949
1955
1956
1957
1958
1959
Feb.
.36
.52
1.35
1.20
.49
-.65
.68
.82
.61
-.36
-.19
-.50
-1.11
2.52
-.20
-1.11
-.29
.15
.47
-.02
-.41
-.07
.48
-.20
-.01
-.12
.13
.45
.32
-.19
-.48
.52
.68
-.34
.18
1.22
2.23
.58
-.67
1.20
.28
.88
1.34
.36
-.81
1.59
-.34
-.23
-.07
-.57
1.86
-.56
-.35
-.43
2.05
-.89
-.71
-.40
2.09
-.99
-1.01
-.73
-.83
-.80
-.74
1.29
-.59
1.33
-.79
.54
.62
1.06
.15
.35
1.36
.58
-.49
.30
-.60
.42
1.29
.44
-.52
.28
-.75
.85
1.13
.29
-.45
.11
-.82
.78
.46
-.99
-.36
1.92
-.57
-.85
-.26
-.72
-.49
-.53
-.11
-.87
1.09
.21
.38
.45
.06
-.27
-.65
C-42 • October 1992
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series—Continued
YEAR
Jan.
Feb.
May
Apr.
Mar.
101.
June
July
Sept.
Aug.
Nov.
Oct.
Annual
Dec.
Commercial and industrial loans outstanding in 1982 dollars (mil. $)
1948
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
45,212
49,980
60,450
67,381
65,980
45,172
51,168
60,883
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
61,818
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
58,209
63,605
68,554
62,486
48,535
58,648
64,661
68,455
62,591
49,252
58,904
66,304
68,093
63,127
49,721
59,568
67,082
66,616
64,707
46,684
55,860
62,970
68,297
64,646
64,942
76,246
85,503
85,543
83,243
65,235
76,520
85,577
84,559
83,290
66,168
78,515
86,955
83,713
83,981
66,362
79,581
87,630
83,468
84,506
67,983
80,630
88,352
82,082
85,903
68,717
81,700
89,203
82,079
87,543
70,126
83,030
89,259
81,962
87,495
71,207
83,312
89,092
81,677
89,028
71,703
83,853
89,639
82,206
89,303
73,091
84,095
88,728
82,740
90,370
74,434
84,847
87,275
82,848
91,130
75,495
85,159
86,834
83,301
91,752
69,622
81,457
87,837
83,015
87,295
91,886
95,855
97,858
105,348
113,088
93,161
95,761
98,237
105,940
114,576
93,223
96,182
98,804
106,305
114,592
93,805
96,696
99,744
107,252
115,623
94,968
96,829
100,492
107,403
116,952
96,192
97256
101,197
107,399
117,702
96,142
96,806
101,551
107,445
118,177
95,997
97,156
102,424
108,294
119,380
96,335
97,400
102,270
109,155
120,691
96,148
97,403
103,839
110,557
121,293
96,505
97,594
104,726
112,420
122,584
96,215
97,718
105,193
114,136
124,533
95,048
96,888
101,361
108,471
118,266
126,538
149,386
171,395
184,234
205,305
129,201
150,479
172,904
183,565
206,240
131,937
152,536
175,381
183,900
208,463
133,372
154,157
177,852
186,997
213,354
135,850
156,256
177,955
186,968
215,124
136,043
158,811
178,851
188,412
217,120
137,052
160,633
179,973
189,813
217,539
140,096
163,307
179,838
193,336
221,423
142,954
164,955
180,641
194,852
224,117
144,418
167,710
182,018
197,099
225,900
146,353
169,505
183,458
199,858
226,504
147,290
170,315
184,341
201,277
227,826
137,592
159,838
178,717
190,859
217,410
225,137
226,799
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
223 082
222244
233,413
240,896
231,962
223,824
222,547
231,627
241,527
232,870
220,738
222,338
231,134
243,340
231,547
218,311
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
228,288
220,953
224,114
235,590
244,106
230,480
223,534
221,814
232,805
240,061
245,038
209,264
198,169
202,332
211,348
244,065
209,947
198,148
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
220,029
222,680
196,961
197,942
208,717
221,364
219,625
197,204
200,329
209,932
224,896
215,734
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
223,553
226,735
200,560
199,063
206,985
219,216
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
219,981
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
301,703
220,472
237,186
272,722
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
247,798
269,427
257,774
316,890
224,962
250,863
263,382
261,357
318,318
224,946
232,642
268,109
261,381
296,042
318,828
340,214
364,667
354,115
371,763
321,793
343,552
361,323
358,998
378,952
324,607
346,847
359,137
360,440
378,679
324,451
344,018
356,444
363,916
379,516
326,674
345,052
353,526
362,669
385,313
326,114
346,324
353,171
363,163
388,607
328,855
349,561
350,404
364,182
392,555
331,782
354,412
346,810
365,185
401,359
332,614
353,127
350,297
364,379
399,493
334,166
353,830
351,588
368,050
399,822
335,617
353,963
350,113
369,929
400,756
336,736
359,861
352,611
372,161
398,785
328,520
349,230
354,174
363,932
389,633
393,051
392,896
399,800
396,573
408,910
403,124
408,784
397,216
405,575
390,773
407,252
387,520
409,650
389,228
405,138
379,222
402,407
374,562
394,757
373,050
391,843
372,429
393,648
369,110
401,735
385,475
832.1
813.3
832.1
816.5
835.7
816.5
823.9
817.7
816.1
819.4
812.8
819.0
804.3
825.2
805.5
824.0
804.7
819.8
807.5
826.5
812.8
824.0
8112
828.6
816.6
820.9
833.6
801.9
807.6
840.6
856.6
834.7
791.4
814.6
842.0
856.1
833.3
791.0
816.4
843.3
858.6
841.2
792.5
816.0
845.8
860.9
838.5
792.2
821.9
848.4
868.5
840.5
797.8
822.5
846.4
871.0
832.8
801.9
819.1
851.3
878.4
831.1
808.6
825.4
850.4
882.7
8282
808.2
830.4
851.1
884.5
824.0
808.9
833.0
850.5
891.7
822.4
805.9
837.0
855.0
891.7
811.6
804.4
836.5
854.1
896.4
831.0
800.4
823.4
848.2
874.8
901.1
916.9
911.2
897.0
952.5
903.2
913.6
906.6
904.7
956.1
902.2
915.8
906.9
909.1
966.9
904.7
915.0
908.3
912.7
964.1
911.6
914.3
907.9
918.7
971.1
911.6
910.3
905.8
927.1
973.5
913.7
908.1
905.5
930.8
977.8
913.7
908.1
904.8
936.8
978.2
909.7
908.8
905.1
939.5
975.3
914.4
906.7
906.1
942.8
972.5
910.8
909.1
904.1
941.5
974.4
916.2
907.7
904.1
949.5
976.4
909.4
911.2
906.4
925.8
969.9
981.2
1,016.8
1,085.9
1,160.0
1,235.9
979.0
1,024.6
1,090.7
1,168.3
1242.8
981.3
1,029.8
1,099.4
1,172.5
1,248.8
980.7
1,035.6
1,104.2
1,181.6
1,255.6
983.7
1,043.0
1,1102
1,1902
1,263.4
984.4
1,049.2
1,115.3
1,193.4
1,267.6
994.4
1,050.6
1,121.4
1,202.5
1,277.9
999.7
1,056.8
1,123.9
1,206.6
1,287.9
1,003.9
1,0592
1,126.0
1,2132
1,293.8
1,001.9
1,065.0
1,134.3
1,217.9
1,3022
1,006.5
1,072.3
1,142.5
1,227.9
1,307.4
1,011.0
1,078.8
1,151.4
1,229.1
1,3152
992.3
1,048.5
1,117.1
1,196.9
1,274.9
1,324.5
1,401.2
1,413.5
1,493.8
1,543.1
1,332.8
1,399.4
1,418.1
1,493.2
1,536.8
1,336.7
1,402.4
1,430.7
1,500.8
1,534.8
1,340.3
1,401.2
1,435.0
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
1,454.8
1,507.2
1,526.4
1,358.6
1,401.5
1,468.4
1,508.3
1,522.0
1,363.0
1,394.4
1,472.9
1,514.9
1,515.9
1,373.7
1,402.1
1,479.3
1,521.4
1,516.4
1,380.5
1,3962
1,486.0
1,524.9
1,508.8
1,390.2
1,400.3
1,489.1
1,531.9
1,509.0
1,392.1
1,407.6
1,494.0
1,539.1
1,507.9
1,356.9
1,400.9
1,457.3
1,512.2
1,523.5
1,505.1
1,536.1
1,686.2
1,841.2
1,788.6
1,489.6
1,548.2
1,697.0
1,833.6
1,776.3
1,488.1
1,569.4
1,715.2
1,823.6
1,770.9
1,481.0
1,589.2
1,724.9
1,822.1
1,769.2
1,485.0
1,601.0
1,731.8
1,825.7
1,749.2
1,489.3
1,606.7
1,742.4
1,8282
1,745.2
1,489.8
1,614.5
1,760.7
1,836.7
1,738.6
1,500.2
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
1,513.7
1,651.9
1,802.5
1,793.9
1,698.7
1,517.8
1,667.2
1,814.8
1,7952
1,695.7
1,524.5
1,673.0
1,830.0
1,797.5
1,685.7
1,499.4
1,610.3
1,755.9
1,818.1
1,737.8
1,683.4
1,788.9
1,936.0
1,994.2
1,967.8
1,688.4
1,809.8
1,938.7
1,992.8
1,955.0
1,702.7
1,822.6
1,940.9
1,988.8
1,950.4
1,718.1
1,838.7
1,947.1
1,989.4
1,948.6
1,732.3
1,852.7
1,957.9
1,9882
1,935.1
1,749.8
1,847.4
1,962.0
1,978.2
1,936.1
1,749.4
1,853.8
1,966.9
1,976.1
1,931.9
1,761.2
1,866.8
1,975.2
1,976.6
1,925.1
1,764.3
1,877.6
1,984.9
1,981.5
1,920.6
1,765.7
1,893.5
1,990.9
1,975.3
1,910.8
1,771.2
1,908.1
1,991.1
1,973.5
1,891.5
1,776.6
1,923.5
1,991.6
1,972.6
1,880.3
1,738.6
1,857.0
1,965.3
1,982.3
1,929.4
1,865.5
1,813.8
1,852.7
1,977.3
2,0802
1,858.6
1,810.4
1,849.9
2,012.1
2,088.5
1,837.7
1,819.2
1,862.4
2,029.1
2,096.1
1,816.2
1,832.0
1,870.5
2,032.9
2,102.4
1,809.1
1,823.8
1,865.2
2,038.1
2,109.9
1,8132
1,817.6
1,853.6
2,047.2
2,118.0
1,837.4
1,811.9
1,857.6
2,0512
2,1192
1,844.4
1,816.1
1,872.5
2,054.3
2,122.4
1,846.1
1,810.6
1,886.4
2,060.6
2,1312
1,839.6
1,820.2
1,892.1
2,070.5
2,135.1
1,836.9
1,828.0
1,907.4
2,076.6
2,153.5
-1,820.7
1,838.9
1,928.8
2,082.0
2,172.3
1,835.5
1,8202
1,874.9
2,044.3
2,119.1
2,191.5
2,260.1
2,450.3
2,441.8
2,446.4
2,199.8
2,273.4
2,440.5
2,454.2
2,438.0
2,199.0
2,302.6
2,435.2
2,460.6
2,431.8
2,197.0
2,334.7
2,435.8
2,464.4
2,417.1
2,205.4
2,350.1
2,434.0
2,473.4
2,407.8
2,223.9
2,360.7
2,425.8
2,473.0
2,414.5
2,234.6
2,382.4
2,425.2
2,467.5
2,427.8
2,246.4
2,4002
2,426.8
2,460.0
2,440.1
2,256.3
2,408.9
2,429.5
2,451.0
2,447.6
2,257.1
2,425.5
2,436.5
2,447.9
2,449.7
2,258.8
2,435.1
2,429.6
2,454.3
2,457.1
2,263.8
2,448.7
2,427.7
2,453.0
2,463.6
2,227.8
2,365.2
2,433.1
2,458.4
2,436.8
2,451.8
2,395.4
2,456.1
2,410.2
2,452.0
2,419.2
2,453.7
2,419.7
2,452.3
2,4222
2,444.2
2,419.7
2,4392
2,415.0
2,429.2
2,408.1
2,424.3
2,401.1
2,411.1
2,400.3
2,403.5
2,401.5
2,400.4
2,4022
2,434.8
2,409.6
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
1991
.
..
106. Money supply M2 in 1982 dollars (bil. $)
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
1991
October 1992 •
SURVEY OF CURRENT BUSINESS
C-43
Historical Data for Selected Series-Continued
YEAR
Jan.
Mar.
Feb.
June
May
Apr.
July
Aug.
Sept.
Annual
Dec.
Nov.
Oct.
109. Average prime rate charged by banks, NSA (percent)
1948
1949
1.75
2.00
1.75
2.00
1950
1951
1952
1953
1954
2.00
2.44
3.00
3.00
3.25
2.00
2.50
3.00
3.00
1955
1956
1957
1958
1959 .,
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
2.00
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
2.08
2.50
3.00
2.25
2.62
3.00
325
325
3.00
3.00
3.00
2.25
2.75
3.00
3.25
3.00
225
325
2.00
2.50
3.00
3.00
3.13
2.00
2.50
3.00
3.03
3.00
2.85
3.00
3.25
3.00
2.07
2.56
3.00
3.17
3.05
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
423
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
4.20
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
4.50
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
8.50
4.92
6.00
6.00
6.60
8.50
4.54
5.63
5.63
6.28
7.95
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
8.50
6.29
5.18
6.00
9.73
8.50
5.88
839
8.00
4.98
6.60
8.00
5.42
5.00
7.01
1125
8.00
5.50
5.04
7.49
8.00
5.90
5.25
8.30
8.00
6.00
5.27
6.02
9.21
5.48
4.75
6.30
8.83
7.83
6.00
5.50
9.86
7.50
5.91
5.73
9.94
5.47
5.75
9.75
6.92
5.25
5.79
9.75
7.91
5.70
5.25
8.02
11.54
12.00
11.68
10.83
7.00
6.25
7.93
8.96
6.75
6.25
8.00
7.93
6.75
6.25
8.00
7.50
6.75
7.88
7.00
7.13
9.41
7.96
6.78
7.52
9.94
7.53
6.50
7.75
8.00
7.40
6.75
6.41
8.27
10.50
726
10.80
10.05
11.75
15.25
20.16
15.75
11.16
11.00
10.61
11.75
15.63
19.43
16.56
10.98
11.00
10.50
11.75
18.31
18.05
16.50
10.50
11.21
10.50
11.75
19.77
17.15
16.50
10.50
11.93
10.50
11.75
16.57
19.61
16.50
10.50
12.39
10.31
12.90
20.08
13.50
11.00
12.97
14.39
13.79
18.45
12.52
11.00
12.58
10.94
15.55
16.06
16.84
11.85
11.00
11.77
11.55
15.30
20.35
15.75
11.50
11.00
11.06
9.50
7.50
8.51
9.10
7.50
8.50
8.83
7.75
8.50
9.50
7.50
8.70
9.50
7.50
9.07
9.50
7.50
8.78
9.50
7.50
8.75
. ..
9.50
7.50
8.75
.....
10.50
10.11
10.93
10.00
11.50
10.00
11.50
10.00
10.00
10.50
10.00
10.05
10.50
10.00
10.50
10.50
10.00
10.87
10.01
9.52
9.05
9.00
9.00
10.00
10.50
10.00
820
8.00
7.58
7.21
8.46
20.9
21.8
22.6
23.3
1980
1981
1982
1983
1984
1985
1986
1987
1988 .
1989
1990
1991
475
525
10.02
625
325
11.98
923
12.00
7.07
7.20
6.75
8.63
7.15
7.25
6.75
9.00
7.66
7.01
6.83
9.01
11.65
12.63
20.03
16.50
10.50
12.60
11.54
11.48
20.39
16.26
10.50
13.00
8.50
8.14
8.84
9.78
8.50
8.25
9.00
9.50
8.16
8.25
9.29
11.50
10.00
11.07
10.00
10.98
10.00
8.50
8.50
8.50
11.91
11.12
20.50
14.39
10.89
13.00
9.50
7.90
8.25
9.84
10.50
10.00
8.50
1223
620
728
6.35
7.75
7.86
6.84
6.82
9.06
12.67
1527
18.87
14.86
10.79
12.04
9.93
8.33
8.20
9.32
120a. Consumer Price Index for services (1982-84=100)
1948 .
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
20.9
21.8
22.7
23.3
21.0
21.9
22.7
23.4
21.1
22.0
22.8
23.5
21.1
22.1
22.8
23.6
212
21.3
22.2
22.8
23.6
222
232
20.9
21.8
22.6
23.2
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
24.2
24.6
25.1
25.6
26.0
24.2
24.7
25.1
25.6
26.1
24.3
24.7
25.2
25.7
26.2
24.3
24.8
25.8
26.2
24.0
24.6
25.0
25.5
26.0
26.5
27.3
28.6
29.9
32.0
26.5
27.4
28.6
30.0
26.5
27.5
28.8
32.3
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
28.2
322
26.6
27.7
28.8
30.4
32.5
31.0
33.3
26.9
28.2
29.4
31.2
33.5
26.6
27.6
28.8
30.3
32.4
34.4
36.5
38.1
39.4
42.4
34.6
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
35.2
37.1
38.5
39.9
44.0
35.4
37.3
38.6
35.8
37.5
38.8
41.0
45.4
36.0
37.6
38.9
41.3
45.8
362
44.5
35.6
37.4
38.7
40.5
45.0
37.7
39.0
41.5
46.2
35.1
37.0
38.5
40.1
43.9
46.9
50.8
54.4
58.7
64.4
47.0
51.1
54.8
59.1
64.9
47.3
51.3
55.2
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
49.0
53.1
57.2
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
73.1
83.0
93.5
97.5
74.1
83.7
93.9
97.9
75.4
84.4
94.0
98.1
76.6
85.3
94.9
98.7
77.6
86.4
95.7
98.9
79.0
87.5
96.5
78.5
88.9
97.0
99.6
78.5
89.9
97.6
99.8
79.0
97.6
1002
80.0
91.7
97.9
81.1
92.5
97.7
82.2
93.0
96.9
102.1
107.4
113.1
117.9
123.1
129.0
135.5
143.8
102.6
107.9
113.5
118.3
123.5
129.5
136.0
144.4
103.0
108.4
114.1
118.6
123.9
130.1
137.0
144.8
103.5
108.7
114.6
119.2
124.5
130.6
137.5
145.1
103.9
109.4
114.8
119.6
124.9
131.1
138.0
145.5
104.9
110.3
115.7
120.3
125.8
132.3
139.6
146.5
105.4
110.7
116.1
120.9
126.4
132.7
140.5
147.0
105.9
111.0
116.5
121.4
127.0
133.1
141.1
147.6
100.7
106.3
111.5
116.9
121.8
127.5
133.7
141.7
148.1
101.3
106.7
112.1
101.6
107.1
112.5
117.5
122.6
128.5
134.9
142.7
149.2
77.9
88.1
96.1
99.5
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
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
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
25.8
23.9
24.5
24.9
25.4
25.9
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
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
33.8
36.4
37.9
39.1
41.8
34.0
36.5
38.0
39.2
42.0
46.5
50.5
54.1
58.3
63.8
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
NSA Not seasonally adjusted
253
302
992
104.2
109.8
115.5
120.0
125.4
131.6
138.8
145.9
402
692
912
292
1172
1222
128.0
134.3
1422
148.6
22.8
23.7
252
104.6
110.0
115.5
1202
125.7
131.9
1392
146.3
C-44 • October 1992
SURVEY OF CURRENT BUSINESS
Historical Data for Selected Series—Continued
YEAR
Jan.
Mar.
Feb.
May
Apr.
June
Aug.
July
Sept.
Nov.
Oct.
Dec.
Annual
120b. Change in Consumer Price Index for services (AR, percent)
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
0
0
5.5
5.4
5.2
0
0
0
0
5.8
5.5
5.4
0
5.1
0
4.9
0
4.7
4.6
4.3
4.2
8.0
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
1991
11.3
6.8
6.6
3.1
9.0
8.1
15.4
9.3
8.6
9.9
20.0
12.3
6.6
7.7
6.1
3.4
6.6
4.2
5.0
4.8
5.5
9.7
4.7
0
4.3
4.1
3.9
0
11.8
0
0
5.2
0
4.9
0
0
0
4.5
4.3
8.4
12.0
7.3
3.3
3.2
3.1
5.9
10.8
7.4
6.9
8.6
11.9
17.7
10.6
5.3
5.0
6.0
5.7
4.3
4.1
4.0
4.8
4.5
5.1
15.1
0
3.2
6.3
12.0
2.6
7.3
9.2
8.5
9.7
23.2
10.5
1.3
2.5
4.8
5.7
6.5
3.1
4.0
5.7
9.2
3.4
6.0
0
5.5
5.3
0
5.0
0
4.8
4.8
4.6
9.2
4.3
4.1
7.8
7.2
3.3
3.2
3.1
5.8
7.9
4.8
9.1
10.6
11.7
0
5.7
5.5
5.3
5.1
0
4.9
0
0
0
4.5
0
4.1
7.8
7.2
3.3
3.2
3.1
15.0
5.2
2.4
4.4
8.4
13.6
5.9
5.7
0
0
0
0
0
4.8
4.7
0
4.5
8.7
8.3
3.8
7.1
10.3
3.2
6.2
11.7
7.8
7.2
9.0
10.5
11.4
0
0
5.4
5.3
5.1
0
4.9
0
0
4.6
9.1
0
8.2
7.7
7.1
3.3
3.2
3.1
14.7
5.1
9.7
11.3
' 10.4
15.4
5.9
5.6
0
5.3
0
5.0
0
4.8
0
0
0
4.2.
8.2
7.6
7.0
6.7
3.2
9.4
14.5
7.8
7.1
6.6
10.3
17.2
20.9
13.6
12.1
7.6
6.0
3.4
5.4
62
6.0
4.7
4.5
2.5
16.8
16.6
10.6
2.5
4.7
8.0
2.1
4.1
3.9
4.7,
4.5?
3.45
23.9
16.4
10.5
3.7
3.5
4.5
7.6
4.1
4.9
4.7
7.2
3.3
-7.3
21.0
6.4
4.9
8.4
5.6
2.1
3.0
3.9
6.6
7.1
5.0
0
14.4
7.7
2.4
5.9
4.4
4.2
6.2
5.9
3.7
8.0
4.2
5.9
5;6
5.4
5.3
5.1
0
0
0
0
0
5.6
0
5.2
0
5.0
0
0
4.7
5.8
5.6
0
0
5.1
0
: 4.9
4.8
4.7
4.6
9.0
4.2
4.0
11.6
4.6
4.4
8.6
8.1
3.7
7.0
3.3
3.2
9.3
14.3
10.4
9.6
6.5
12.4
13.0
7.9
18.8
0
4.9
5.8
3.3
4.2
5.1
5.8
3.7
5.2
5.0
3.9
4.2
3.1
4.2
2.7
1.4
1.9
2.2
1.2
2.1
5.6
3.4
6.8
7.8
7.6
4.8
3.2
5.9
13.0
6.6
7.1
8.1
10.4
13.9
9.7
16.9
6.8
4.1
5.8
5.0
4.3
4.6
4.9
4.8
6.6
3.9
58
4.6
8.9
0
4.0
7.5
0
0
5.2
0
5.0
0
4.8
0
0
0
8.5
8.0
7.5
4.3
2.7
4.0
2.6
2.1
1.6
2.4
1.6
2.7
4.9
4.3
6.1
7.4
7.0
3.3
3.1
15.9
11.2
7.6
7.0
6.5
10.1
16.8
16.3
6.8
3.8
6.2
4.6
5.5
4.2
4.0
4.8
5.5
5.2
4.1
6.9
3.2
3.1
9.1
11.1
15.7
7.0
8.7
10.0
18.5
17.8
11.0
-2.4
7.4
4.6
6.7
3.1
4.0
4.8
5.5
4.3
4.1
6.9
3.2
3.1
6.0
11.0
7.5
7.0
6.4
3.9
16.3
17.5
6.7
-9.4
3.6
4.6
4.4
3.1
4.0
4.8
5.5
4.3
5.0
8.1
4.2
3.5
6.5
11.4.
8.0
7.7
7.8
9.4
13.8
14.6
13.2
4.4
4.9
5.4
5.1
4.5
4.3
4.8
5.0
5.8
4.6
3.7
4.5
2.7
4.6
2.4
1.8
1.4
1.9
1.4
2.5
5.7
4.2
6.9
7.5
7.3
4.6
3.1
7.9
13.3
7.0
7.2
7.7
10.7
14.7
8.7
16.0
5.8
4.5
5.7
4.9
4.2
4.6
5.0
4.8
6.4
4.0
3.9
4.8
2.1
4.2
2.6
1.9
1.6
2.0
2.0
3.1
6.1
4.0
6.6
7A
7. i
4.3
3.1
9.2
13.2
8.4
7.3
7.7
10.8
15.7
9.4
14.8
4.2
5.1
5.5
5.1
3.9
4.6
5.1
4.8
6.0
4.1
4.3
4.3
1.5
4.1
2.4
2.3
1.5
2.5
2.1
3.0
5.6
4.5
6.6
7.3
6.9
4.0
3.1
9.5
12.8
9.1
7.3
7.5
9.9
16.3
10.8
13.0
1.4
5.3
5.3
5.1
3.7
4.5
5.1
5.0
5.6
4.3
4.6
3.3
3.3
2.9
1.9
2.0
2.0
1.8
2.6
4.6
4.1
6.0
7.3
8.2
4.7
3.5
5.2
11.0
8.3
8.2
7.9
9.2
12.1
15.2
14.0
6.8
3.1
5.6
5.0
4.8
4.2
4.7
5.0
5.9
4.6
120. Change in Consumer Price Index for services, smoothed (AR, percent) 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
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
.,-
. .
4.7
4.2
1.6
3.5
2.6
2.3
1.9
2.5
2.5
3.1
5.1
4.8
6.8
7.8
6.8
4.2
3.1
9.6
12.0
10.4
7.6
7.5
9.4
4.3
4.3
2.2
3.4
2.4
1.9
1.9
2.1
3.0
2.8
4.7
4.9
6.5
8.0
6.2
4.1
3.1
9.2
11.3
10.7
7.7
7.7
9.4
17.2
11.9
11.1
.6
5.5
4.9
5.3
3.6
4.5
5.0
5.1
5.9
17.8
12.3
9.2
.7
5.7
4.8
5.3
3.6
4.4
5.0
5.1
5.9
5.1
3.8
2.3
3.5
1.9
2.1
1.6
1.6
2.9
2.8
4.4
5.4
7.1
9.1
5.1
4.0
3.5
9.3
9.7
10.5
7.9
7.9
9.5
18.9
12.4
7.0
1.0
5.7
4.8
5.5
3.6
4.3
5.0
5.7
5.6
4.8
3.7
2.7
3.2
2.1
2.0
1.9
1.7
3.1
3.7
4.2
5.5
7.5
9.5
4.2
3.8
3.7
8.9
8.6
9.5
8.2
8.4
9.8
19.8
12.5
6.4
2.1
5.7
4.7
5.5
3.9
4.5
5.0
5.8
5.0
4.8
3.9
3.3
32
1.9
2.3
1.8
1.6
2.8
4.3
,3.5
5.4
7.8
9.4
3.5
3.6
3.7
9.5
7.5
8.0
7.9
8.6
10.5
19.9
13.2
6.6
2.8
5.6
5.0
5.1
4.1
4.5
5.0
5.8
4.5
f Data are smoothed by an auloregressive-moving-average filter developed by Statistics Canada.
AR Annual rate
2.3
4.9
3.5
3.2
2.8
1.5
2.1
2.1
1.9
2.2
4.7
3.8
5.7
7.4
9.0
4.1
3.4
4.1
10.1
6.8
7.1
7.8
9.1
11.0
20.5
14.0
7.3
3.3
5.2
5.2
5.2
4.2
4.6
4.9
5.9
4.0
3.0
4.3
3.5
3.4
2.9
1.1
2.4
2.1
1.9
2.2
5.5
3.5
6.2
7.3
8.6
4.3
3.3
4.2
11.1
6.2
6.8
8.3
9.5
11.9
17.1
15.4
7.5
3.8
5.5
5.3
4.9
4.1
4.5
5.1
6.2
3.8
3.4
4.2
3.1
3.8
2.5
1.4
2.3
2.4
1.6
1.9
5.3
3.4
6.8
7.2
8.1
4.7
3.2
4.9
12.2
6.1
6.7
8.3
9.9
13.2
12.8
16.1
7.7
3.9
5.6
5.3
4.5
4.4
4.7
5.0
6.5
3.8
SURVEY OF CURRENT BUSINESS
October 1992 •
C-45
Business Cycle Expansions and Contractions
Business cycle reference dates
Trough
Duration in months
Contraction
(trough from
previous peak)
Peak
December 1854
December 1858 ..
June 1861
December 1867 ..
December 1870 ..
June 1857
October 1860
April 1865 .
June 1869
October 1873
18
8
32
March 1879
May 1885
April 1888
May 1891
June 1894
March 1882
March 1887
July 1890
January 1893
December 1895
June 1899
September 1 902
May 1907
January 1910
January 1913
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
18
18
23
13
24
24
21
33
19
12
36
42
44
46
43
42
39
56
32
36
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
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
49
8
10
11
16
6
16
24
106
36
58
12
92
47
34
117
52
64
28
32
116
47
74
18
108
Average, all cyclejs:
1854-1990 (30 cvcles)
1854-1919 16 "J,
cvcles)
ri
1919-1945 6 cycles)
vcles^
1945-1990 8 c
18
22
18
11
*35
27
35
3
50
51
48
53
56
Average, peacetirne cycles:
1854-1990 (25 cvcles)
1854-1919 (14 cvcles)
1919-1945 (5 Cycles
1945-1990 (6 Cvcles
19
22
20
11
June 1897 ...
December 1 900 ..
August 1904
June 1908
January 1912
..
December 1914
March 1919
July 1921
July 1924
November 1927
March 1933
June 1938
October 1945
October 1949
May 1954
.
..
April 1958
February 1961 ....
November 1970 ..
March 1975
July 1980
November 1982 ..
1.31 cycles.
2.15 cycles.
3. 9 cycles.
4. 26 cycles.
5.13 cycles.
.
.
April 1960
December 1969
November 1973
January 1980
July 1981
July 1990
.
...
4
29
24
26
6
43
46
46
46
46
53
49
53
3
61
2
48
47
45
6
53
5
6. 7 cycles.
NOTE.—Rgures 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.
C-46
SURVEY OF CURRENT BUSINESS
• October 1992
Cyclical Leads (-) and Lags (+) for Selected Indicators
[Length in months]
At reference peaks
Series title
Series no.
July
Jan.
1980
1981
Nov.
1973
Apr.
Dec.
1969
&
1960
July
Nov.
1948
1953
Mean
LEADING INDICATORS
1
5
8
32
20
29
92
99
19
106
83
910
940
Average weekly hours, manufacturing
Average weekly initial claims for unemployment insurance (inverted) l
Manufacturers' 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 manufacturers' unfilled orders in 19822 dollars durable goods (smoothed)2
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 1 1 leading indicators
Ratio coincident index to lagging index
41
51
47
57
920
Employees on nonagricultural payrolls
Personal income less transfer payments in 1987 dollars
Index of industrial production .. ..
.. .
Manufacturing and trade sales in 1982 dollars
Composite index of 4 coincident indicators
91
77
62
109
101
95
120
930
LAGGING INDICATORS
Average duration of unemployment (inverted)!
Ratio, manufacturing and trade inventories to sales in 1982 dollars
Change in index of labor cost per unit of output, manufacturing (smoothed)2
Average prime rate charged by banks
Commercial and industrial loans outstanding in 1982 dollars
Ratio, consumer installment credit to personal income
Change in Consumer Price Index for services (smoothed)2
Composite index of 7 laaaina indicators
-11
-13
-5
-7
-7
-13
-3
-7
0
-9
-3
-3
-10
-6
-7
-8
NST
-2
-2
-9
-10
-16
-13
-9
-10
-19
-13
-8
NST
-24
-38
-15
-21
-7
-9
-8
0
-1
-11
-6
+2
-10
-10
-15
-8
-11
-14
-11
-13
-4
-8
-10
-7
-10
-12
-11
-10
-8
-13
-11
-12
-13
-14
-13
-17
-12
-17
-9
NST
-2
-10
-12
-21
-23
-25
-28
-9
-30
-19
-24
-13
-19
-9
-20
-27
-3
-10
-3
-12
-5
-8
-26
-1
-6
NST
-5
-5
-9
0
+1
0
-6
0
+2
0
+2
-10
0
+11
0
0
0
0
+3
NST
-2
-2
-2
0
+1
-3
-3
-3
-5
0
-5
-6
-6
-1
+3
0
-3
0
-2
-1
-4
+1
-1
+5
+15
+6
+1
+14
NST
+2
+2
-6
+5
+5
+3
+2
-7
+5
+3
-2
+16
+16
+10
+10
+5
+11
+13
-2
+11
+1
+2
+8
NST
+4
+3
+2
+9
+10
+3
NST
+8
-6
+3
+1
+8
+7
+4
+1
+5
-5
+4
+2
+5
+6
+7
-1
+9
0
+11
0
NST
+3
NST
-10.5
-11.8
-11.1
-9.6
-7.0
-14.8
-11.5
n.a.
-9.3
-30
-17
-11.0
-16.2
-11.6
n.a.
-5
-5
-9.1
-13.4
COINCIDENT INDICATORS
n.a.
n.a.
+3
+5
+1.0
+.6
-1.5
-3.6
-1.5
0
+10.0
+6.4
+4.3
+5.3
+4.0
+1.8
+4.5
At reference troughs
Nov.
1982
July
Mar.
1980
1975
Nov.
1970
May
Apr.
1958
Feb.
1961
Oct.
1949
1954
Mean
LEADING INDICATORS
1
5
8
32
20
29
92
99
19
106
83
910
940
Average weekly hours manufacturing
...
Average weekly initial claims for unemployment insurance (inverted) '
Manufacturers' 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 manufacturers' unfilled orders in 19822 dollars durable goods (smoothed)2
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 1 1 leading indicators
Ratio, coincident index to lagging index
41
51
47
57
920
Employees on nonagricultural payrolls
Personal income less transfer payments in 1987 dollars
Index of industrial production
.. ..
Manufacturing and trade sales in 1982 dollars
Composite index of 4 coincident indicators
91
77
62
109
101
95
120
930
Average duration of unemployment (inverted) l
Ratio manufacturing and trade inventories to sales in 1982 dollars
Change in index of labor cost per unit of output manufacturing (smoothed)2
Average prime rate charged by banks
Commercial and industrial loans outstanding in 1982 dollars
...
Ratio consumer installment credit to personal income
Change in Consumer Price Index for services (smoothed) 2
Composite index of 7 lagging indicators
..
.
-1
-2
0
-8
+3
-13
-2
-7
-4
NST
-8
-10
-10
0
-2
-2
-2
-2
-3
-1
0
NST
-2
-4
-2
-2
0
0
0
-1
+9
0
+1
-2
-3
-2
-1
-1
0
-2
-1
0
+1
-1
-10
-3
-2
-5
-7
-6
-1
0
-2
0
0
-11
+1
-2
-9
-1
-4
NST
-3
-10
0
0
0
-2
-4
-1
-2
-2
-3
-4
-3
+1
-2
-1
-1
+4
-7
-6
-2
-8
-5
-4
-8
NST
-6
-6
-5
-6
0
-4
-7
-6
-9
-4
-4
-4
-15
+1
0
+1
-1
+1
0
0
0
-1
0
+1
-1
0
0
0
0
NST
0
0
0
0
-2
0
-1
0
+1
0
0
0
0
+3
-1
-1
-5
+3
0
-3
0
-3
0
+8
+14
+10
+8
+11
0
+2
+7
+6
+6
+7
+1
+8
NST
+3
+3
+10
+44
+8
+25
+18
+11
+5
+15
+19
+27
+12
+16
+15
NST
+27
+15
+5
+14
+7
+57
NST
+9
+5
+6
+6
+13
+7
+4
+4
+7
+8
+4
+12
+11
+11
+14
+3
+6
+8
+9
+1
NST
-1
NST
n.a.
n.a.
n.a.
-4
0
-1.5
-.1
-1.9
-4.8
+.1
-5.9
-3.1
-2.9
-4.6
-5.8
-3.9
-4.5
-2.2
COINCIDENT INDICATORS
.
+.8
-1.0
0
-1.4
+.5
LAGGING INDICATORS
NOTE.—Reference peaks and troughs are the cyclical turning prints in overall business activity (see page C45); specific peaks and troughs are the cyclical turning points in individual series. This table lists, for the composite
indexes and their components, the leads (-) and lags (+) of the specific peaks and troughs in relation to the corresponding reference peaks and troughs. See Measuring Business Cycles by Arthur F. Burns and Wesley C. Mitchell
(National Bureau of Economic Research, Inc., 1946) for information on the selection of cyclical peaks and troughs.
+9
+9
n.a. Not available. Data needed to determine a specific turning point are not available.
NST No specific turn. No specific turning point is discernible in the data.
1. This series is inverted; i.e., low values are peaks and high values are troughs.
2. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
+9.2
+17.2
+7.9
+17.9
+8.3
+6.6
+8.3
+8.5
SURVEY OF CURRENT BUSINESS
October 1992 •
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 following commonly used sources 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 (1,2,9)
5. Average weekly initial claims for unemployment insurance, State programs (M).—Source
1 and U.S. Department of Labor, Employment and Training Administration (1,2,5)
7. Manufacturers' new orders in 1982 dollars, durable goods industries (M).—Sources 1,2,
and 3 (2,15)
8. Manufacturers' new orders in 1982 dollars, consumer goods and materials industries
(M).--Sources1,2,and3(1,2,9)
9. Construction contracts awarded for commercial and industrial buildings, floor space
(M).—McGraw-Hill Information Systems Company; seasonal adjustment by Bureau of Economic Analysis (This is a copyrighted series used by permission; it 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. (2,16)
14. Current liabilities of business failures (M).-Dun & Bradstreet, Inc. (4)
16. Corporate profits after tax in current dollars (Q).—Source 1 (4,19)
18. Corporate profits after tax in 1987 dollars (Q).-Source 1 (4,19)
19. Index of stock prices, 500 common stocks (M).—Standard & Poor's Corporation
(1,5,70,24)
20. Contracts and orders for plant and equipment in 1982 dollars (M).—Sources 1, 2, and
McGraw-Hill Information Systems Company (1,2,5)
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 (4,19)
23. Index of spot market prices, raw industrial materials (M).—Sources 1,3, and Commodity
Research Bureau, Inc. (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.) (3,19)
26. Ratio, implicit price deflator to unit labor cost, all persons, nonfarm business sector
(Q).-Sources 1 and 3 (4,19)
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 (3,18)
29. Index of new private housing units authorized by local building permits (M).—Sources
land 2 (1,3,10)
30. Change in business inventories in 1987 dollars (Q).—Source 1 (3,18)
31. Change in manufacturing and trade inventories (M).—Sources 1 and 2 (3,18)
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 (1,2,9)
35. Corporate net cash flow in 1987 dollars (Q).-Source 1 (4)
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
(2,13)
41. Employees on nonagricultural payrolls (M).—Source 3(1,2,11)
42. Number of persons engaged in nonagricultural activities (M).-Source 3 (2)
43. Civilian unemployment rate (M).—Source 3 (2,13)
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 (2,13)
47. Index of industrial production (M).--Source 4 (12,5,11,23)
48.
49.
50.
51.
52.
53.
55.
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.
Employee hours in nonagricultural establishments (M).—Source 3 (2,13)
Value of domestic goods output in 1987 dollars (Q).-Source 1 (2)
Gross national product in 1987 dollars (Q).-Source 1 (2)
Personal income less transfer payments in 1987 dollars (M).—Source 1 (1,4,11)
Personal income in 1987 dollars (M).-Source 1 (4)
Wages and salaries in 1987 dollars, mining, manufacturing, and construction (M)—
Sources 1 and 3 (4,15)
Gross domestic product in 1987 dollars (Q).-Source 1 (2,14)
Manufacturing and trade sales in 1982 dollars (M).-Sources 1 and 2 (1,2,11)
Index of consumer sentiment (Q,M).—University of Michigan, Survey Research Center (This
is a copyrighted series used by permission; it may not be reproduced without written permission
from the source.) (4)
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 (2)
Change in index of labor cost per unit of output, manufacturing, smoothed (M).—Sources
land 4 (1,4,72)
Index of unit labor cost, all persons, business sector (Q).—Source 3 (4)
Consumer installment credit outstanding (EOM).-Source 4 (5)
Manufacturers' machinery and equipment sales and business construction expenditures
(M).-Sources1and2(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 (5)
Index of industrial production, durable manufactures (M).—Source 4 (2,14)
Index of industrial production, nondurable manufactures (M).—Source 4 (2,14)
Index of industrial production, consumer goods (M).—Source 4 (2,14)
Index of industrial production, business equipment (M).—Source 4 (3,17)
Ratio, manufacturing and trade inventories to sales in 1982 dollars (M).—Sources 1 and
2(1,3,72)
Ratio, corporate domestic profits after tax with inventory valuation and capital
consumption adjustments to total corporate domestic income (Q).—Source 1 (4,19)
Capacity utilization rate, manufacturing (M).—Source 4 (2,74)
Index of consumer expectations (Q,M).—University of Michigan, Survey Research Center
(This is a copyrighted series used by permission; it may not be reproduced without written
permission from the source.) (1,4,70)
Change in money supply M1 (M).—Sources 1 and 4 (4,20)
Gross private nonresidential fixed investment in 1987 dollars (Q).—Source 1 (3,77)
Gross private nonresidential fixed investment in 1987 dollars, structures (Q).—Source 1
(3,77)
Gross private nonresidential fixed investment in 1987 dollars, producers' durable
equipment (Q).-Source 1 (3,77)
Gross private residential fixed investment in 1987 dollars (Q).-Source 1 (3,78)
Ratio, civilian employment to population of working age (M).-Source 3 (2,73)
Average duration of unemployment in weeks (M).—Source 3 (1,2,72)
Change in manufacturers' unfilled orders in 1982 dollars, durable goods industries,
smoothed (M).-Sources 1,2, and 3 (1,2,10)
Free reserves (M).—Sources 1 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(1,5,72)
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. (1,3,10)
C-48
• October 1992
SURVEY OF CURRENT BUSINESS
100. New plant and equipment expenditures by business in 1987 dollars (Q).—Source 2 (2,17)
101. Commercial and industrial loans outstanding in 1982 dollars (M).—Sources 1,3,4, and
The Federal Reserve Bank of New York (1,5,12)
102. Change in money supply M2 (M).—Sources 1 and 4 (4,20)
105. Money supply M1 in 1982 dollars (M)-Sources 1,3, and 4 (4)
106. Money supply M2 in 1982 dollars (M).-Sources 1,3, and 4 (1,4,10)
107. Ratio, gross domestic product to money supply M1 (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(1,5,12)
110. Funds raised by private nonfinancial borrowers in credit markets (Q).—Source 4 (4,20)
111. 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 (5,20)
115. Yield on long-term Treasury bonds (M).-U.S. Department of the Treasury (5,20)
116. Yield on new issues of high-grade corporate bonds (M).—Citibank and U.S. Department
of the Treasury (5,20)
117. Yield on municipal bonds, 20-bond average (M).-The Bond Buyer (5)
118. Secondary market yields on FHA mortgages (M).—U.S. Department of Housing and Urban
Development, Federal Housing Administration (5)
119. Federal funds rate (M).-Source4(5,20)
120. Change in Consumer Price Index for services, smoothed (M).—Sources 1 and 2 (1,3,12)
122. Index of consumer confidence (M).—The Conference Board (4)
123. Index of consumer expectations (M).—The Conference Board (4,15)
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).-Source1(1,7,a)
920. Composite index of 4 coincident indicators (includes series 41,47,51,57) (M).—Source 1
(1,7, a)
930. Composite index of 7 lagging indicators (includes series 62, 77, 91, 95, 101, 109, 120)
(M).-Source1(1,7,0)
940. Ratio, coincident composite index (series 920) to lagging composite index (series 930)
(M).-Source1 (1,7)
950. Diffusion index of 11 leading indicator components (M).-Source 1 (1,5)
951. Diffusion index of 4 coincident indicator components (M).-Source 1 (1,5)
952. Diffusion index of 7 lagging indicator components (M).—Source 1 (1, a)
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 (5,27)
991. CIBCR short-leading composite index (M).—Columbia University, Center for International
Business Cycle Research (5,21)
992. Coincident composite index with modified methodology (M).-Source 1 (5,21)
993. Coincident composite index with Stock and Watson methodology (M).-Sourcel (5,27)
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).-Sourcel (4,22)
Business saving (Q).—Source 1 (4)
Government surplus or deficit (Q).—Source 1 (4,22)
311. Fixed-weighted price index, gross domestic business product (Q).-Source 1 (3,22)
320. Consumer Price Index for all urban consumers, all items (M).—Source 3 (3,5,22,23)
323. Consumer Price Index for all urban consumers, all items less food and energy (M).—
Source 3 (3,22)
331. Producer Price Index, crude materials for further processing (M).—Sources 1 and 3 (3,22)
332. Producer Price Index, intermediate materials, supplies, and components (M).—Sources
land 3 (3,22)
333. Producer Price Index, capital equipment (M).-Sources 1 and 3 (3,22)
334. Producer Price Index, finished consumer goods (M).—Sources 1 and 3 (3,22)
336. Producer Price Index, finished goods (M).-Sources 1 and 3 (3,22)
337. Producer Price Index, finished goods less foods and energy (M).—Sources 1 and 3 (3,22)
345. Index of average hourly compensation, all employees, nonfarm business sector (Q).—
Source 3 (4)
346. Index of real average hourly compensation, all employees, nonfarm business sector
(Q).-Source 3 (4)
358. Index of output per hour, all persons, nonfarm business sector (Q).—Source 3 (4)
370. Index of output per hour, all persons, business sector (Q).—Source 3 (4,22)
441.
442.
451.
452.
453.
Civilian labor force (M).-Source 3 (2)
Civilian employment (M)-Source 3 (2)
Civilian labor force participation rate, males 20 years and over (M).—Source 3 (2)
Civilian labor force participation rate, females 20 years and over (M).—Source 3 (2)
Civilian labor force participation rate, both sexes 16-19 years of age (M)—Source 3 (2)
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)
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, national defense (Q).—Source 1 (5,22)
570. Employment, defense products industries (M).—Sources 1 and 3 (5)
602.
604.
606.
612.
614.
616.
618.
620.
622.
Exports, excluding military aid shipments (M).—Sources 1 and 2 (5)
Exports of domestic agricultural products (M).—Sources 1 and 2 (5)
Exports of nonelectrical machinery (M).—Sources 1 and 2 (5)
General imports (M).-Source 2 (5)
Imports of petroleum and petroleum products (M).—Sources 1 and 2 (5)
Imports of automobiles and parts (M).—Sources 1 and 2 (5)
Merchandise exports, adjusted, excluding military (Q).-—Source 1 (5,22)
Merchandise imports, adjusted, excluding military (Q).—Source 1 (5,22)
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)
722. 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)
S-l
SURVEY OF CURRENT BUSINESS
October 1992
CURRENT
BUSINESS
STATISTICS
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current data for the series shown in the S-pages are available on diskette on a subscription basis or from the Commerce
Department's Economic Bulletin Board. Historical data, data sources, and methodological notes for each series are published
in BUSINESS STATISTICS, 1963-91. For more information, write to Business Statistics Branch, Business Outlook Division
(BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
NOTE,—This section of the SURVEY is prepared by the Business Statistics Branch.
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown in
BUSINESS STATISTICS, 1903-91
1992
1991
Annual
1990 |
1991
Aug. |
Sept. |
Oct.
Nov. I
Jan.
Feb.
Mar.
Apr.
548.1
296.4
4,943.2
2,852.8
733.9
557.1
654.4
911.7
552.8
297.8
4,988.7
2,884.9
737.1
561.1
6649
928.0
555.0
299.2
5,009.6
2,895.0
739.6
561.6
6634
936.1
556.0
300.7
2,890.6
741.2
563.6
661 0
9298
558.6
302.1
438
3407
349.0
407
354.8
490
356.9
358.6
Dec.
May |
June
July
Aug.
Sept.
1. GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE f
[Billions of dollars]
Seasonally adjusted, at annual rates:
Total personal income
Wage and salary disbursements total
Commodity-producing industries, total
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income: ?
Farm
Nonfarm
Rental income of persons with capital consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to persons
Less: Personal contributions for social insurance ...
Total nonfarm income
4,887.4
8960
543.3
292.1
4,889.3
28354
744.3
565.7
6500
8966
544.6
293.6
286
3382
409
3397
291
339.5
4 664.2
2 742.8
745.6
556.1
6346
8478
514.8
271.0
4,828.3
28122
737.4
556.9
6474
8839
543.6
288.3
4 847.5
28256
739.4
559.5
651 8
8903
544.2
290.6
4,863.4
2,833.1
739.7
559.8
41 7
3252
358
3322
287
3373
6541
2,838.5
737.3
560.5
6532
901.4
546.5
295.0
4,944.9
2,861 .2
742.9
565.4
6554
9148
30.5
5,015.4
5,032.7
2,907.6
745.3
566.3
6647
9363
561.3
303.6
48.1
5,038.5
2,905.7
742.8
564.2
6631
935.7
564.1
305.0
361
359.2
361.9
31.4
'5,049.1 '5,041.3
r
2,91 0.5 '2,928.5
'742.3
'741.9
r
565.3
'564.2
r
'667.1
6635
r
'952.5
9398
r
565.4
'566.6
306.4
307.9
r
30.7
364.1
5,077.5
2,924.8
740.8
564.7
6678
948.5
567.7
309.3
'24.2
'365.4
369.0
r
8.5
'-13.1
139.5
141.3
670.4
'666.7
r
869.3
'872.2
'250.4
'251.8
r
4,995.6 '4,994.3
4.7
142.3
663.0
878.9
251.6
5,017.5
r
37.1
-12.3
140.3
694.5
685.8
224.8
4 599.6
-104
-107
137.0
700.6
771.1
238.4
4,770.4
135.6
701.8
778.7
240.2
4,796.8
135.4
704.2
781.5
241.1
4,813.0
134.7
703.8
794.1
240.7
4,826.5
134.3
703.4
793.7
241.2
4,836.5
133.8
702.6
811.7
242.5
4,879.3
133.6
693.1
835.5
244.9
4,890.7
133.8
684.4
844.3
247.3
4,925.8
134.2
676.9
848.2
248.2
4,938.2
135.4
676.0
854.2
248.3
4,944.9
3.3
136.6
675.2
860.9
249.8
4,973.9
8.0
137.9
674.4
864.1
249.9
4,984.4
46642
621.3
40429
3 867.3
3,748.4
464.3
1 2245
2 059.7
109.6
4,828.3
618.7
42096
4,009.9
3,887.7
446.1
1,251.5
2,190.1
112.5
4,847.5
618.7
42288
4,028.9
3,906.6
449.3
1 2541
2,203.2
112.5
4,863.4
621.4
42420
4,051.0
3,928.7
455.5
1,252.1
2,221.1
112.4
4,889.3
621.6
42677
4,043.1
3,920.8
451.1
1,249.5
2,220.1
112.6
4,887.4
621.2
4 266.2
4,068.8
3,946.5
450.2
1,251.7
2,244.7
112.6
4,944.9
624.1
4 320.9
4,084.4
3,961.5
450.0
1,253.0
2,258.5
113.3
4,943.2
621.8
43214
4,131.3
4,007.8
469.1
1,272.3
2,266.4
113.4
4,988.7
627.9
4,360.8
4,153.8
4,030.3
475.5
1,280.6
2,274.3
113.3
5,009.6
609.0
4,400.6
4,153.7
4,030.3
463.5
1,269.5
2,297.3
113.3
5,015.4
614.7
4,400.7
4,162.7
4,039.9
462.6
1 ,274.0
2,303.3
112.4
5,032.7
617.6
4,415.1
4,174.9
4,052.6
468.6
1,280.3
2,303.7
111.9
5,038.5 r 5,049.1
r
623.8
619.0
4,419.5 rr 4,425.4
4,200.9 r4,223.1
4,078.7 4,101.4
480.5 r '479.7
1,289.4
1,278.3
2,319.9 '2,332.3
111.4
111.8
'5,041.3
'630.3
'4,411.1
'4,213.6
'4,092.0
'480.3
'1,291.4
'2,320.3
111.3
5,077.5
632.2
4,445.4
4,243.1
4,121.6
484.8
1,289.3
2,347.4
111.2
9.3
175.6
9.7
9.9
199.8
9.9
10.2
10.2
10.4
10.4
10.4
197.3
9.7
236.5
10.2
190.9
9.7
224.5
9.7
199.6
190.1
207.0
246.8
238.0
240.2
218.6
'10.3
'202.2
'10.3
'197.5
202.3
43
47
45
48
48
51
48
49
49
53
55
53
50
'47
45
3,516.5
3,509.0
3,512.7
3,511.3
3,526.4
3,513.4
3,552.5
3,549.3
3,565.9
3,581.9
3,573.3
3,578.6
3,576.1
'3,575.2 '3,573.6
3,580.5
3,260.4
4393
1 056.5
1 7646
3,240.8
3,245.0
4147
4167
1 ,042.4
1 7837
1,042.9
1 785.4
3,252.1
420.7
1,039.3
1 792.0
3,239.8
415.8
1,037.2
1,786.8
3,250.1
414.8
1,034.7
1 ,800.6
3,257.0
417.6
1,034.7
1 ,804.6
3,291.7
433.8
1,052.7
1 ,805.2
3,295.6
437.7
1,055.2
1,802.7
3,280.5
425.6
1,040.9
1,813.9
3,280.3
423.9
1,044.4
1,812.1
3,284.8
427.6
1,048.8
1 ,808.4
3,300.3 '3,313.5 '3,315.1
438.6
'437.6
'437.5
1,043.6 '1,051.6 '1,050.7
1,818.2 '1,824.3 '1,826.9
3,319.7
441.9
1,047.8
1,829.9
115.0
120.0
120.4
120.8
121.0
121.4
121.6
121.8
122.3
122.9
123.2
123.4
109.2
107.0
110.4
111.4
109.8
107.5
105.2
104.9
107.5
107.1
106.6
107.3
101.1
109.2
107.4
107.1
107.9
100.6
109.7
111.4
108.8
114.8
100.6
105.7
113.0
110.8
115.7
101.4
102.0
105.6
108.2
107.8
108.7
100.0
117.2
104.6
104.4
104.9
99.3
98.3
98.5
126.2
103.5
103.1
104.0
100.5
121.2
106.9
106.8
107.0
110.3
107.7
107.7
107.7
102.0
107.7
107.1
108.5
98.1
95.9
-8.6
-123
-4.8
-2.8
-4.2
-6.2
-3.2
-1.2
r
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
Equals1 Disposable personal income
Less: Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Interest paid by persons . . . .
.
Personal transfer payments to rest of the world
(net) .
.
.
Equals: personal saving
Personal saving as percentage of disposable
personal income §
Disposable personal income in constant (1987)
dollars
Personal consumption expenditures in constant
(1987) dollars
Durable goods
Nondurable ooods
Services
Implicit price deflator for personal consumption
expenditures 1987-100
10.3
123.6
123.8
'123.4
124.2
110.2
'107.8
'111.5
111.6
96.8
100.9
'112.3
110.7
r
114.4
'96.5
'108.0
'108.8
105.9
'112.5
'98.6
'106.7
'113.2
'110.4
'116.8
106.6
113.3
110.5
117.0
INDUSTRIAL PRODUCTION
[1987=100]
Not seasonally adjusted:
Total index
By industry groups:
Mining
Utilities
Manufacturing
Durable
Nondurable
Seasonally adjusted:
Total index
By market groups:
Products total
Final products
Consumer aoods
See footnotes at end of tables.
102.6
1080
109.9
111.6
1078
N
109.1
108.7
109.6
r
97.5
109.2
107.1
108.0
108.4
108.4
108.1
107.4
106.6
107.2
107.6
108.1
108.9
108.5
'109.3
'108.9
108.6
110.1
108.1
109.6
107.5
108.5
109.8
108.4
108.9
110.4
109.4
109.0
110.6
109.7
109.0
110.6
110.0
108.4
109.9
109.1
107.5
108.7
108.1
108.1
109.4
108.8
108.5
109.8
109.3
109.0
110.6
110.1
109.7
111.4
110.8
' 109.0
'110.5
"109.6
'109.5
111.0
'110.3
'109.3
110.9
'110.1
109.1
110.8
110.2
1108
.
97.5
111.7
110.4
113.5
r
107.3
SURVEY OF CURRENT BUSINESS
S-2 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
Annual
1990
1991
1991
Aug. |
Sept. |
Oct.
1992
Nov.
Dec.
Jan. |
Feb.
Mar. |
Apr. | May
June
July I Aug.
Sept.
1. GENERAL BUSINESS INDICATORS-Continued
INDUSTRIAL PRODUCTION-Continued
[1987=100]
Seasonally adjusted-Continued
By market groups—Continued
Final products—Continued
Consumer goods—Continued
Durable
Automotive products
Autos and trucks
Other durable goods
Nondurable
Foods and tobacco
Clothing
Chemical products
Paper products
Enerav oroducts
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 suoolies
Materials
Durable
Nondurable
Energy
By industry groups:
Mining
Metal mining
Coal
Oil and gas extraction #
Crude oil
Natural gas .
Stone and earth minerals
Utilities
Electric
Gas
Manufacturing
Durable
Lumber and products
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Nonferrous
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments
Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
106.1
102.2
97.2
109.3
107.6
105.9
95.7
113.2
119.6
105.9
.115.5
123.0
127.2
149.6
115.2
130.0
96.7
97.3
109.3
90.6
107.7
105.2
109.4
107.8
111.8
106.0
102.1
102.4
98.3
90.8
105.7
108.9
106.8
93.5
115.9
123.4
108.0
112.3
121.6
131.5
155.6
108.1
127.2
89.2
91.0
94.1
85.4
103.3
96.1
108.3
105.5
107.1
106.0
102.3
104.0
98.6
90.2
108.3
109.6
107.1
94.8
117.4
122.6
109.5
111.6
121.3
130.3
153.1
108.6
126.7
86.2
89.8
86.7
90.3
104.4
96.7
109.7
107.2
109.1
107.8
103.3
107.7
106.5
103.0
108.7
109.8
107.8
95.2
117.3
124.8
106.7
111.8
122.2
130.3
152.2
108.2
132.7
99.3
89.1
80.1
86.2
104.3
96.5
109.7
107.5
109.3
108.3
103.6
107.5
106.7
105.1
108.1
110.3
107.8
96.3
117.0
125.6
108.5
111.9
122.3
131.7
156.0
106.8
133.1
101.1
89.1
79.0
86.3
104.1
95.4
110.1
107.4
108.8
109.6
103.1
106.0
103.6
99.0
108.0
111.1
108.1
96.5
117.9
126.4
112.0
111.4
121.8
133.4
157.8
104.2
130.5
96.5
88.8
78.1
87.0
103.9
95.9
109.4
106.6
108.6
107.7
102.2
104.6
101.3
96.7
107.2
110.3
107.0
96.2
118.0
126.8
109.3
110.9
121.4
134.0
159.1
102.3
129.5
96.1
88.1
75.8
87.5
103.8
95.0
110.0
105.8
108.1
107.1
100.4
101.3
94.2
84.3
106.9
110.0
107.3
95.0
118.1
126.8
106.8
109.4
119.9
134.1
160.6
100.7
124.2
84.9
86.7
71.8
98.3
103.9
95.5
109.9
105.2
107.0
107.3
100.4
105.3
101.6
94.3
108.3
109.8
107.4
95.2
118.3
124.7
106.4
110.2
121.0
134.6
162.4
101.3
129.2
94.7
86.2
73.9
101.7
104.0
96.0
109.6
105.8
108.1
107.1
100.5
106.2
103.6
95.7
108.3
110.2
107.8
95.1
119.4
124.6
107.0
110.4
121.5
136.0
164.9
101.3
128.9
95.0
85.6
76.2
99.7
104.4
96.7
109.7
106.1
108.3
108.9
100.1
107.9
106.5
102.5
109.1
110.7
107.6
95.3
120.8
125.1
108.9
111.3
123.0
137.9
168.2
101.7
131.7
101.3
84.7
79.2
100.7
103.9
96.5
109.0
106.8
108.7
109.4
101.3
111.1
110.6
107.8
111.5
110.7
107.7
96.4
121.4
124.3
107.2
112.3
124.5
139.2
170.5
103.4
133.3
105.6
84.2
79.2
100.3
104.4
97.8
109.0
107.7
110.4
109.7
101.3
109.2
108.0
104.0
110.2
'109.7
'107.2
'95.5
'121.6
121.7
'104.8
'111.6
'124.1
'140.4
174.0
102.9
131.8
101.7
83.6
74.6
97.1
'104.4
'97.2
'109.4
'107.6
110.2
'110.4
'100.6
"108.5
"106.4
'100.5
110.1
110.8
"108.5
96.7
"121.5
"121.9
"107.4
"111.9
124.5
141.9
178.0
"103.6
"128.7
"98.1
'82.9
78.6
112.0
"104.8
"98.0
"109.6
"108.9
'111.1
'111.5
'102.9
"108.8
"106.0
"100.0
111.0
"110.4
"108.4
"95.5
"121.9
"121.8
"105.6
"112.1
"125.1
142.9
180.5
"102.7
"131.0
"100.7
"82.2
75.0
"106.1
"104.4
"97.9
"108.8
"108.2
"111.1
"109.8
"101.5
108.1
106.2
100.4
109.6
110.8
108.6
95.0
121.3
122.3
108.4
111.5
124.7
143.4
184.0
102.5
128.7
101.2
81.2
74.3
106.3
104.0
96.8
109.0
107.9
110.4
109.8
102.0
102.5
152.8
113.4
95.5
87.5
104.6
119.3
108.0
110.8
97.7
109.9
111.6
101.1
105.9
105.8
108.2
109.7
106.1
105.8
126.5
111.4
105.5
96.8
116.9
107.8
107.6
98.7
100.7
98.8
105.4
112.0
110.1
108.3
110.2
99.9
101.1
150.2
109.3
95.8
88.4
107.8
108.5
108.9
112.7
95.0
107.5
107.1
94.1
99.1
95.0
99.6
98.2
101.6
100.4
123.5
110.1
98.8
90.8
118.1
107.9
108.6
100.1
100.6
96.1
105.0
112.1
110.9
107.6
110.1
88.1
101.3
155.5
110.8
95.7
88.7
108.8
107.0
110.7
115.6
92.4
108.4
107.8
95.3
101.3
95.5
102.6
100.6
105.5
101.4
123.3
111.5
99.0
91.6
116.9
109.0
108.7
103.1
104.7
98.3
106.5
112.3
112.3
107.3
112.6
87.1
101.4
153.1
110.1
96.0
88.8
112.5
107.3
109.7
113.4
95.8
108.9
108.4
95.2
101.2
94.4
102.3
100.8
104.4
101.9
123.1
111.0
102.2
99.5
118.1
109.6
109.5
102.7
103.2
98.1
108.0
113.3
112.6
108.6
113.8
85.8
100.7
146.5
107.9
96.0
88.9
112.4
105.9
109.4
112.2
98.9
109.0
108.2
93.8
100.5
94.4
102.6
102.4
102.9
101.9
123.5
109.8
102.4
100.4
118.2
110.1
109.4
102.2
105.5
98.7
109.0
114.4
113.5
106.0
113.2
83.9
99.6
151.5
108.4
94.1
87.4
109.1
105.8
111.0
112.7
104.7
108.6
107.8
96.4
99.9
92.8
103.5
105.6
100.5
101.8
122.8
110.7
99.7
95.9
118.7
109.6
110.1
97.7
104.4
98.8
106.1
114.2
113.0
106.7
112.6
84.3
98.8
154.0
107.6
93.0
87.5
105.6
106.4
107.9
109.9
100.5
108.1
107.1
95.2
100.6
93.0
101.3
101.7
100.8
101.2
121.9
110.6
98.0
94.6
119.0
109.5
109.6
94.7
102.5
99.0
107.0
114.5
112.6
108.6
113.0
83.2
97.8
144.2
107.3
92.4
88.0
104.2
104.8
106.8
109.3
97.5
107.4
105.8
97.4
98.7
92.8
102.5
105.0
98.9
99.7
121.4
110.0
93.8
87.1
118.3
109.5
109.2
98.8
103.1
97.5
107.1
114.8
112.7
106.6
113.2
83.0
98.4
152.9
107.9
92.7
86.9
106.2
103.5
106.4
109.0
96.9
108.1
107.0
98.8
98.1
94.6
102.7
103.7
101.2
100.5
121.9
110.7
96.8
93.8
118.6
109.6
109.6
99.4
104.7
97.7
104.6
114.4
113.4
106.9
114.0
81.4
97.5
155.8
103.0
91.9
86.4
103.6
107.4
107.7
110.7
96.7
108.5
107.0
99.2
98.6
95.0
101.4
102.5
99.9
100.0
122.9
110.9
96.5
94.2
118.6
110.4
110.2
101.3
105.3
97.8
105.8
113.8
114.8
109.7
115.4
82.9
99.1
154.2
104.0
94.2
86.5
109.7
105.9
108.2
111.0
97.7
109.0
107.6
97.2
101.1
95.6
100.9
100.9
100.9
100.6
124.1
111.0
98.0
98.5
119.0
110.7
109.6
101.0
106.3
98.0
107.0
113.7
115.8
110.3
116.5
84.1
99.7
166.4
107.6
93.4
84.5
110.7
108.0
107.3
110.2
96.6
109.9
109.1
97.4
103.3
96.7
102.0
102.2
101.8
102.2
126.7
112.3
99.6
102.7
119.8
110.9
1093
102.5
106.8
99.0
105.8
113.4
117.0
108.5
117.1
86.2
98.0
154.0
98.6
93.9
85.8
111.4
105.6
'106.7
'109.7
'95.3
109.6
'108.5
'95.4
'100.3
96.6
102.1
101.8
102.5
102.2
'126.4
112.2
'98.2
'100.4
'118.5
'111.0
'109.0
"103.6
'105.3
'98.1
107.3
113.0
"117.5
"108.9
117.3
"86.2
"100.6
"164.1
112.0
94.0
"85.4
112.2
"106.2
"109.3
"113.0
"95.4
'110.1
109.0
"99.3
"100.8
'96.5
"105.6
"106.4
"104.5
"102.4
"127.9
"112.6
"96.6
'97.7
'118.6
'111.6
110.2
'102.7
"107.1
99.3
"109.6
112.3
"117.4
109.1
"118.4
"87.6
"99.3
"165.7
"107.5
93.0
85.4
98.1
165.8
104.3
92.0
"107.4
108.2
"111-7
"95.5
"109.8
"109.0
"98.1
"102.0
"97.2
"104.8
"105.5
"103.7
"101.7
"128.6
"113.1
"96.5
"99.2
"118.5
"110.9
"110.4
"103.8
"106.3
"97.7
"106.1
"112.3
"117.2
"105.3
"117.7
"83.3
107.8
111.0
115.2
95.6
109.4
108.2
96.6
100.4
97.0
103.1
103.3
102.8
100.3
128.9
112.7
95.3
98.3
117.7
110.8
110.5
103.4
106.9
96.5
106.5
112.2
116.7
107.0
117.9
83.4
6,489,457 6,406,052 549,020 548,176
6,489,457 1 6,406,052 " 536,825 '539,241
1
2,873,502 1 2,821 ,699 237,844 238,836
1,468,644 1,422,578
121,021 121,958
1,404,858 1,399,121 116,823 116,878
1,825,507 1,842,739 " r153,767 "154,302
54,21 5 '55,154
660,779
652,951
1,164,728 1,189,788 '99,552 '99,148
1
1,790,448 M,741 ,614 r r145,21 4 146,103
846,466
70,568 72,174
890,261
900,187
73,929
895,148 '74,646
563,232
541,247
240,912
122,771
118,141
154,569
55,450
99,119
145,766
71,204
74,562
541,579
540,382
240,980
122,814
118,166
154,092
54,722
99,370
145,310
70,855
74,455
552,437
531,919
232,730
116,869
115,861
154,280
55,406
98,874
144,909
70,467
74,442
491,363
536,977
233,247
118,698
114,549
157,808
56,919
100,889
145,922
71,280
74,642
510,044
544,017
237,898
121,991
115,907
159,753
57,961
101,792
146,366
71,644
74,722
556,171
545,424
240,684
123,503
117,181
157,873
57,122
100,751
146,867
72,807
74,060
546,661
547,081
241,749
123,483
118,266
158,385
57,442
100,943
146,947
72,140
74,807
551,605 579,829 "543,394
546,145 554,363 '559,701
241,479 247,252 "247,216
122,344 125,831 "124,789
119,135 121,421 "122,427
159,111 158,982 "160,784
57,643
57,686 '58,580
101,468 101,296 '102,204
145,555 148,129 '151,701
71,340
73,832 "75,351
74,297 "76,350
74,215
557,255
552,846
241,344
123,444
117,900
160,722
58,269
102,453
150,780
74,950
75,830
BUSINESS SALES
[Millions of dollars; constant (1982) dollar series
in billions of dollars]
Manufacturing and trade sales (unadj.), total
Manufacturing and trade sales (seas, adj.), total
Manufacturing, total
,
Durable goods industries
Nondurable goods industries
Retail trade total
Durable goods stores
Nondurable goods stores
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
Manufacturing and trade sales in constant (1982)
dollars (seas adj ) total
Manufacturing
Retail trade
Merchant wholesalers
See footnotes at end of tables.
1
476.4
224.5
123.7
128.2
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
Annual
1990
|
October 1992 •
1992
1991
1991
Aug.
Sept. |
Oct.
Nov.
Dec.
Feb. |
Jan.
Mar.
Apr. | May
June
July
Aug. |
1. GENERAL BUSINESS INDICATORS-Continued
BUSINESS INVENTORIES
[Millions of dollars; constant (1982) dollar series in
billions of dollars]
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (unadjusted),
total
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (seas, adj.),
total
Manufacturing total
Durable goods industries
Nondurable goods industries
Retail trade total
Durable goods stores ..
Nondurable goods stores
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
Manufacturing and trade inventories in constant
(1982) dollars end of period (seas adj ) total
Manufacturing
Retail trade
Merchant wholesalers
826 239
818459
835,985
398851
259 746
139,105
240217
119331
120 886
196917
130,793
66,124
828,184
386043
246,966
139,077
243162
117454
125708
198979
130,566
68,413
812462
819315
839717
843679
818459
819052
824489
826 727
831 591
827 531
823 801
r
81 9,684
387 900
250 520
137,380
r
236177
r
114 554
r
121 623
r
195 607
r
129,069
" 66,538
822,401
389 552
251,319
138,233
238842
116582
122260
194007
127,492
66,515
824,672
388 555
249 738
138,817
240 746
117293
123453
195371
127,192
68,179
825,505
388279
249 202
139,077
240 879
116873
124 006
196347
128,126
68,221
828,184
386 043
246 966
139,077
243 162
117454
125708
198979
130,566
68,413
824150
384 434
245 754
138,680
240 986
115918
125068
198730
129,517
69,213
824 609
383 255
244395
138,860
241 938
117259
124679
199416
129,834
69,582
826 204
383 239
243 787
139452
244 288
119827
124461
198677
129,059
69,618
828 630
382 206
242512
139694
247992
122884
125108
198432
129,203
69,229
828 032
383286
242447
140839
247 349
122694
124655
197397
129402
67,995
r
153
1 63
2.06
56
98
.51
1 18
44
19
.55
1 55
211
1.23
1 33
177
.90
1 52
1 61
2.03
56
97
.51
1 18
44
19
.55
1 56
2.12
1.25
1.34
1.79
.91
1 53
1 61
203
56
97
.51
1 18
44
19
.55
156
214
1.25
135
181
.92
1 56
1 66
211
58
1 01
.53
120
45
19
.56
158
212
1.27
137
185
.92
1 53
1 65
207
57
98
.52
121
45
19
57
1 53
204
1.24
1 36
182
93
1 52
1 61
200
55
95
.50
1 20
44
19
56
1 51
202
1 22
1 36
1 81
93
1 51
1 59
197
54
93
.50
1 19
44
19
56
1 55
210
1 24
1 35
177
94
1 51
1 58
1 96
54
92
50
1 18
44
19
55
1 57
214
1 24
1 35
1 79
93
1 52
1 59
1 98
55
93
51
1 is
44
19
56
1 55
213
1 23
1 36
1 81
92
238,300
119,037
5198
11,030
4658
13305
18,611
16,562
30,615
17,903
10,334
119,263
32453
2635
6198
10,583
24,005
13,831
8,963
237844
254174
130,137
5292
11,429
4829
13937
22032
18,551
34372
19,588
10,981
124,037
34117
3197
6491
10,720
25,158
13,873
9,318
238 836
250,716
127,915
5220
11,516
4909
14392
20,151
17,038
35419
22,117
10,500
122,801
33623
2,590
6514
10,635
24,156
13,959
9,413
240912
241 483
122,547
4798
10,685
4506
13421
19,579
17,751
32960
19,201
10,751
118,936
32749
3682
6116
10,114
23,035
13,690
8,358
240 980
226829
115,517
4012
9,548
4117
12118
21,713
17,666
28237
13,583
11,118
111,312
31 791
3025
5332
9,948
22,598
12,425
7,745
232 730
210835
104,302
4136
10,361
4600
11 602
16,941
14,694
25928
15,964
9,035
106,533
29318
1 734
5131
10,023
23,298
11,037
8,285
233 247
233 875
120,146
4496
11,060
4730
13068
19,325
16,601
32721
19,626
9,885
113,729
31 778
2013
5759
10,437
24040
11,259
8945
237 898
250 588
131,400
4949
11290
4885
13666
23,580
18,158
34928
20,375
11,002
119188
33158
3241
6264
10,615
25282
11,690
9288
240684
240 550
123,510
5222
1 1 ,372
4830
13233
20116
16,508
33610
20735
9,962
117040
32300
1849
5917
10,280
25426
12,831
9195
241 749
243922
124991
5322
11 438
4802
13506
20094
16,887
34335
22227
10,036
118931
33567
2484
6002
10,227
25185
13,546
9060
241 479
264164 '226 244 242 746
137601 r 109
301 122239
r
5833
5371
5840
11 818 r10401
11'150
4984 r r 4301
4657
14396 12192
13566
25,167 r18,219
19438
r
17,197
18,640
16,162
35714 r24811 30938
21 134 M3562
19320
r
11,300
9,236
9,786
120507
126563 M16943
33670 r31 393 32699
4304
2351
1 984
r
6760
5374
6459
r
10,960
10,438
10,804
26486 rr24 088 24689
14,523
14,283
13,902
r
9640
8653
8957
247 252 r 247 21 6 241 344
121,021
4,871
10865
4,657
13,328
19,986
16,619
31,948
18,555
10638
116823
32,343
2711
5,874
10,398
24040
13,153
8.841
121,958
4,889
11 030
4,764
13,241
20,120
16,916
32,724
18,836
10343
116878
32,355
2806
5,914
10,473
24,168
12,768
8,946
122,771
4,801
10,948
4,699
13,572
20,327
16,881
33,222
19,405
10,451
118,141
32,539
2,721
5,987
10,431
24,381
13,135
9,000
122,814
4,771
10845
4,609
13,624
20,463
17,210
32,495
18,679
10569
118166
32,760
3190
5,901
10,311
23,842
13,266
8.812
116,869
4,684
10620
4,573
13,084
19,731
17,201
28,778
16,716
10255
115,861
32,369
2,504
5,812
10,367
23,725
12,474
8.666
118,698
4,785
10857
4,698
13,043
20,194
16,531
30,003
17,309
10130
114549
31,648
2689
5,917
10,293
23989
11,576
8.948
121,991
4,850
11 066
4764
13077
20,055
16,811
32,604
18,812
10276
115907
32,219
2576
5917
10,373
23993
12,382
8,963
123,503
4,952
10948
4689
12,957
20,871
17,249
32,617
19,128
10331
117181
32,392
2720
6,036
10,407
24047
12,749
9,038
123,483
5,094
11 112
4713
13136
20,616
17,184
32,488
19,472
10461
118266
33,186
2111
6,043
10,387
24502
13,213
8,978
122 344
5,184
11 223
4665
13,044
20,622
17,157
31,880
19,775
10106
119135
32,940
2165
6,033
10,386
24958
13,640
8,790
123444
125831 ' 124,789
r
5,320
5,51 8
5,431
1129t r11
166
10948
r
4731
4615
4 640
13411 M3395
13483
21,622 rr 2 1,050 20914
17293 r 18,1 43 17323
32,835 r 31 ,574 31,728
19,557
19,035
19,515
10472 M0161
10083
121 421 M22427
117900
32390 r r32,666
32,557
2029
3522
3304
6173 r ^6,198 ' 6094
10,592
10,503 r 10,668
25315 r 25 458 24768
13199
14399
14,205
" 8,989
8,790
8,890
r
829 131
830 973
831 872
382854
241 891
140963
248813
123198
125615
200 205
131,211
68,994
835 373
383 491
'241 258
M42233
r
251 382
r 124 421
r
126 961
r
200 500
r
130 968
' 69,523
838101
385599
242 031
143568
250 849
124572
126277
201 653
131,811
69,842
1 50
1 55
1 92
53
89
49
1 16
43
19
54
1 57
214
1 24
1 35
1 78
93
1 49
55
93
54
89
50
1 16
43
18
54
1 56
212
124
M32
M 74
91
1 52
1 60
1 96
54
90
51
1 22
45
19
58
1 56
214
1 23
1 34
1 76
92
r
6796
323.7
1865
1694
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade total
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process
Finished goods
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
1 53
1 63
2.07
57
99
.51
1 18
44
19
.55
154
r
211
1.22
r
135
M.83
.89
r
1
r
1
r
1.43
1.44
1 51
1 32
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS t
[Millions of dollars]
Shipments (not seas, adj.), total
Durable goods industries, total
Stone clay and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas adj ) total
By industry group:
Durable goods industries total # .
Stone, clay and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and elastics oroducts
See footnotes at end of tables.
2,873,502
1,468,644
63468
146,052
62121
163053
256,344
194,849
367,927
214,964
123,777
1 ,404,858
384009
29923
65951
13-1,444
288,184
172,589
101,398
2,821 ,699
1,422,578
57103
129,969
54876
156,877
242,835
199,544
363,218
206,379
123,945
1,399,121
387 050
32273
67756
124,367
289,039
160,391
103,602
S-3
Sept.
SURVEY OF CURRENT BUSINESS
S-4 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
1991
Annual
1990
| 1991
Aug.
Sept.
Oct.
1992
Nov. | Dec.
Jan.
Feb. |
Mar. |
Apr. |
May |
June |
July |
Aug.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued t
[Millions of dollars]
Shipments (seas. adj.)-Continued
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
Inventories, end of year or month:
Book value (non-LIFO basis), (unadjusted), total
Durable goods industries, total
Nondurable goods industries total
Book value (non-LIFO basis), (seasonally
adjusted) total
By industry group:
Durable goods industries total #
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
173,073
646854
462558
110302
178,379
181 320
648872
457838
103971
169,189
15351
53945
38486
9351
14,290
15,518
53965
39199
9,504
14,416
15,813
54449
39835
9691
14,441
16085
55051
39925
9429
14,594
15726
53645
37078
8615
14,390
15,946
52913
37841
8659
14,489
15,925
53275
39015
9,424
14,875
16,275
53811
39934
9526
15,073
16,314
54288
39299
9723
15,226
16,497
54600
38751
9808
15,249
16,492
56216
40,895
9,717
15,412
"17,112
r
56 533
r
39,905
r
9,569
" 15,434
16,776
54060
39,534
9,923
15,269
962115
928 029
78267
78367
78786
78133
76064
77041
78223
78842
79566
79415
80,983
r
80,736
79265
78356
468 590
363,718
104872
80036
467 572
365 708
101 864
6837
39534
30569
8965
6907
39828
30,927
8901
6943
40170
31,509
8661
7107
40216
31,643
8573
6725
37692
29,422
8270
6851
38417
30,168
8249
6854
39668
30,930
8738
7030
40244
31,950
8294
7094
39282
30,896
8386
7018
38443
30,603
7840
6960
40,887
32,830
8,057
r
7224
38,836
31,153i
7683
392,493
254,508
137985
379,926
241,915
138011
389,161
251,675
137486
387,889
250,126
137763
388,727
249,622
139 105
387,971
248,831
139 140
379,926
241,915
138011
383,927
244,639
139288
385,716
245,863
139853
383,614
244,207
139407
384,499
244,122
140 377
385,623
244,562
141 061
381,008
241,110
139898
r
7353
r
39,923
" 31 ,847
"8076
383,467 386,969
241 ,61 6 243,433
141 851 143536
r
r
398 851
386 043
387 900
389,552
388,555
388 279
386043
384,434
383,255
383,239
382,206
383 286
382,854
r
259 746
8,162
22195
10961
24551
49118
32544
76931
13,070
25,643
246 966
8,006
20187
9995
22693
46406
30852
74469
12,806
24636
250 520
8,038
20894
10309
23041
47981
31 469
74831
12,637
24935
251 319
7,948
20771
10260
22954
47,798
31 372
75992
12,799
24,916
249 738
7,902
20619
10132
22937
47,634
31 172
75177
12,839
24,812
249 202
8,000
20427
10049
22998
47,205
31 070
75404
13,022
24,562
246 966
8,006
20187
9995
22693
46406
30852
74469
12,806
24636
245 754
7,948
19875
9853
22939
46,110
31 002
73673
12,366
24,362
244395
7,966
19,751
9870
22791
45,613
31 006
73263
12,297
24,166
243 787
7,919
19,896
9858
22717
45,324
30977
73028
12,387
23,999
242512
7,903
19864
9737
22750
45,122
30919
71 892
12,336
23,890
242447
7,924
19835
9748
22982
45,057
30871
71 531
12,284
23,874
241 891
7,955
19,835
9816
22973
44,845
31 009
70889
12,284
23,918
r
72697
122,564
64,485
139 105
28,857
5946
8822
13448
33405
13,236
11800
67645
117,575
61,746
68816
119,452
62,252
68773
120,114
62,432
68562
118,868
62,308
68264
118,751
62,187
67645
117,575
61,746
67566
116,593
61,595
67002
115,848
61,545
66542
115,330
61,915
66535
114,004
61,973
66735
113,727
61,985
67,304 r 66,800
112,540 '111,644
62,047 r 62,81 4
139077
30,038
6408
8623
13532
34082
11,286
11 120
137380
29,096
6493
8555
13177
33591
11,943
11 263
138233
29,716
6424
8,687
13,249
33650
12,039
11 150
138817
30,012
6433
8,708
13,426
33747
11,660
11 164
139077
30,032
6236
8,588
13,508
34050
11,722
11 182
139077
30,038
6408
8623
13532
34082
11,286
11 120
138680
29,857
6472
8721
13630
33750
10,887
11 123
138860
29,951
6,519
8,752
13,599
34003
10,826
10980
139452
30,260
6,499
8,750
13,634
33924
11,118
10891
139694
29,849
6,630
8,763
13,738
33997
11,206
10910
140839
30,309
6843
8,849
13759
34033
11,473
10957
140963
30,531
6,460
8,942
13,554
33893
11,823
11,077
51603
22,434
65068
51,890
22,002
65185
51416
21,940
64024
51,508
22,383
64,342
51,811
22,449
64,557
51,440
22,101
65 536
51890
22,002
65185
51 608
22,218
64854
51,555
22,352
64,953
51,750
22,374
65,328
51,880
22,578
65,236
52,060
22,611
66168
52,528
22,645
65,790
"52,962
"22,643
"66,628
52,779
22,962
67,827
26916
56675
91,328
6853
23529
27,067
57711
89,997
6624
22392
25736
57052
90,852
6441
22736
26,290
57663
90,936
6531
22675
26,505
57859
90,465
6553
22536
26,743
57788
90,413
6649
22591
27067
57711
89,997
6624
22392
27545
57190
89,853
6535
22324
27,725
57482
88,880
6456
22453
27,933
57918
88,071
6499
22613
28,168
57963
87,593
6403
22730
28,510
58697
87,404
6347
22919
28,874
58329
87,332
6340
23060
"29,014
"59,073
"87,218
"6318
"23,062
29,197
59599
88,152
6424
23,017
132,718
126,107
127,746
127,733
127,404
127,285
126,107
125,404
125,159
125,105
124,832
125,298
125,430 "125,705
126,330
13277
127422
87194
40,228
12714
121 587
85357
36,230
12308
124135
86795
37,340
12523
124,730
86628
38,102
12512
123,500
85,988
37,512
12654
122,951
85880
37,071
12714
121,587
85357
36,230
12876
120,910
85239
35,671
12834
119,706
84,297
35,409
12848
119,029
83,535
35,494
12857
117,709
83,020
34,689
12946
117,415
82,701
34,714
13,046 "13,046
116,476 "115,812
82,312 "82,130
34,164 "33,682
13,075
115,943
83,023
32,920
New orders net (unadj ) total
Durable goods industries total
Nondurable goods industries total
2 885 005
1 ,479,884
1 405 121
2 805 293
1 ,404,750
1 400 543
237 368
117,602
119766
249,046
124,711
124335
246,333
124,100
122233
238,726
120,173
118553
224,698
113,420
111 278
213,117
106,539
106578
230,845
116,923
113922
249,552
129,515
120037
239,643
122,551
117092
240,441
121,808
118633
259,174 "222,388
132,795 "105,043
126 379 "117,345
236,886
116,307
120,579
New orders net (seas adj ) total
By industry group:
Durable goods industries total
Primary metals
Blast furnaces steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Aircraft missiles and parts
2 885 005
2 805 293
239,750
233,703
238,542
238,679
229,925
232,467
233,388
237,606
240,771
238,696
244,542 "242,307
237,596
1 479 884
146569
62,620
71 357
161 289
255 709
194958
383 142
140 080
1 404 750
127631
53,713
63264
155748
238 988
198231
357 473
126216
122630
11 489
5,237
5328
13345
19844
16014
33352
11748
116528
10,946
4,709
5381
13,104
20649
16496
27,500
6564
120 227
10,699
4,712
5081
13,369
19660
16,817
31,643
10246
120343
10,712
4,276
5572
13,426
19771
17,070
32,415
12228
113921
10,143
3,935
5239
13,009
19195
17571
27,628
9290
118011
10,125
4,056
5138
13,266
20447
16824
28,767
9420
117,750
11,216
4,751
5,601
13,043
19973
16,571
29,100
8102
120,187
10,632
4,636
5,014
12,732
20623
16,738
31,191
10322
122,393
11,061
4,706
5,410
12,594
20141
17,170
32,984
10535
119808
11,117
4,648
5,382
12,645
20078
17,081
30,810
8886
123,164 "119,861
11,505 "11,288
4,852
"4,635
5,631
"5,740
13,210 "12,906
21239 "20,678
17,477 "18,157
31,391 "27,610
9,921
"7,089
119,751
11,177
4,607
5,579
13,243
20,531
17,401
28,694
7,551
Nondurable goods industries total
Industries with unfilled orders £
Industries without unfilled orders 0
1 405 121
350 008
1 055113
1 400 543
341 602
1 058 941
117120
28,727
88393
117,175
28,765
88410
118,315
28,914
89,401
118,336
28,734
89,602
116,004
28,477
87,527
114,456
27,769
86,687
115,638
27,755
87,883
117,419
28,575
88,844
118,378
28,495
89,883
118,888
28,225
90,663
121,378 "122,446
28,689 "29,409
92,689 "93,037
117,845
28,252
89,593
173396
646,681
485 646
109981
178,313
182049
648,860
448 541
104138
169,809
15665
53,931
36999
9387
14,324
15839
53,956
37639
9733
14,450
16006
54,505
38,560
9,672
14,392
16185
54,988
41,266
9,384
14,344
16003
53,581
34,716
8,556
14,416
15720
52,957
37497
8,670
14,613
15762
53,264
37,772
9,438
14,790
15862
53,795
39,828
9,487
14,991
16477
54,294
38,249
9,775
15,313
16347
54,593
39,213
9,822
15,209
16,814
56,209
39,210
9,700
15,396
"17,192
"56,580
"37,781
"9,544
"15,379
16,919
54,052
37,008
9,903
15,254
959,719
926,755
79,288
77,954
77,485
78,193
75,066
76,831
77,830
77,812
79,674
78,174
80,143
"80,242
78,854
7022
40423
29,463
10.960
7030
33,821
28,762
5.059
7082
37,914
29,453
8,461
7111
38,012
33,066
4,946
6937
35,394
26,969
8,425
6643
38,168
30,093
8,075
6,826
35,589
29,463
6,126
6,714
38,893
32,163
6,730
7,269
38,002
29,901
8,101
6,905
36,323
30,469
5,854
6,952
38,120
30,953
7,167
7,388
"34,926
"29,296
"5,630
7,198
34,726
28,149
6,577
Nondurable goods industries total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies .
Work in process
Finished goods
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
By market category:
Home qoods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
77847
481,626
386,723
94,903
80283
452,000
358,342
93.658
383,491
385,599
241 258 242 031
r
8,017
7,941
r
20,004
19,833
r
9828
9843
r
23330
23 258
r
45,165
44,906
r
30 895 31 093
r
70 146 70239
12,468
"12,230
r
23,874
23,920
r
67,257
111,677
63,097
142 233 143568
"30,558
30,681
6,920
"6,751
9,112
"9,032
13,736
"13,631
"34221
34721
"12,071
12,020
"11,112
11,179
Sept.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990 |
October 1992 •
1992
1991
1991
Aug.
Sept. |
Oct.
S-5
Nov. |
Dec.
Jan. |
Feb. |
Mar. |
Apr. |
May |
June |
July |
Aug. |
Sept.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued ft
[Millions of dollars]
Unfilled orders, end of period (unadjusted), total
Durable goods industries, total
Nondurable goods industries with unfilled orders i .
Unfilled orders, end of period (seasonally adjusted)
total
By industry group:
Durable goods industries, total #
Primary metals
Blast furnaces, steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Aircraft, missiles, and parts
Nondurable goods industries with unfilled
orders ±
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
.. ..
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
518,671
497,552
21,119
502,265
479,724
22,541
521,811
505 631
499 828
24176
10,974
482 208
21 784
8,738
10,072
25603
57,185
43,612
275 248
238,202
21,983
9918
516,664
493,436
23,228
504,547
481 961
22,586
501,517
478 738
22,779
505 631
504,851
482208
21 784
8738
10072
481 521
21 052
8096
10,011
24544
53,934
41937
270517
235 285
24469
53,398
42307
269 367
234666
23,110
23,280
9699
9799
1 308
216827
497 263
496 285
493 502
477280
21 202
8083
10,307
473 964
20886
8030
10056
472 874
20835
8023
10047
470 338
20729
8,006
9,873
24692
53,651
42,600
268131
233,529
24658
53,569
42360
264 627
230,162
24433
53,321
41 849
263 201
229522
23891
52,846
41835
263 697
229303
23492
52,302
41759
262 627
228277
r
22 802
23291
r
51,919
51,547
r
41,943
41 ,957
r
257 21 9
261 183
227,160 "224,107
23,423
23,330
23,061
23,299
23,411
23,164
23,121
9850
1 288
214121
1 701
14,128
9687
1 276
212879
1 715
14,043
9274
1 260
212773
1 676
13,961
9437
211 722
9608
1 253
210500
14048
9286
1 259
212 185
1 741
14007
123 158
122765
121 734
121 843
120604
119762 '119270
118858
5455
373592
233,485
140107
372 241
233,698
138543
370 961
232,703
138258
5228
366 074 "361,077
230,692 "228,141
135382 "132936
5202
356,967
225,137
131 830
513 107
510737
508 436
9,968
490171
22643
9696
10,006
487 627
22394
9709
9,773
485156
22261
9376
10,031
24469
53,398
42,307
269 367
234,666
25082
54,764
42,561
277400
240,739
24945
55,293
42,141
272176
235,798
24742
54,626
42077
270 597
234 578
23,423
22,639
22,936
9185
214466
1,689
14,004
1 324
218321
1 582
14244
9506
1 315
216762
1 811
14,277
215486
1793
1748
14,229
13,978
10 076
1 244
214466
1 689
14004
124677
123368
126021
125 608
124305
124367
123368
5213
5475
382422
236,057
146365
5479
380218
237,480
142738
377 920
235,027
142893
5483
377,671
234,952
142719
1372
1266
1727
393,439
242,409
151 030
377,920
235,027
142 893
390 685
240,278
150407
5336
384,678
238,113
146 565
643022
628 567
51 838
53222
47840
52284
54000
53892
46419
54165
52951
52898
59940
57,469
52917
55065
62282
57403
58111
54462
60,432
16063
8072
5090
12,826
4376
87113
22644
11 783
7422
6833
1 747
8,485
2255
1 137
7,167
6,546
1 707
8,550
8,059
2215
864
545
1 108
2201
1043
9,102
2507
1 179
8,643
2473
1 110
64 044 1
67673
29052
68297
77160
2,414.8
87 750 6
47 421 7
38936
11 1033
69843
3,910.0
5261
5691
482,135
r
500 341
518240
495 601
22727
1244
"485 883
467 671
20943
491,103
467,905
23,198
502,265
479 724
22,541
10076
490,792
496,093
472 71 1
23,382
504,396
481 821
22,575
223822
1,519
13,375
9150
1257
481,387
457,715
23,672
499,574
475 894
23,680
507,153
484,195
22,958
9751
'487,247
M63 647
r
23,600
500,481
476 853
23,628
511,536
488010
23,526
5691
5139
5314
5201
368841
232,569
136272
8127
9,958
1725
13,991
462 743 459 050
r
21 294
21 065
r
8,1 22
8114
r
10,1 25
10,351
'23,140
22562
51,164
42,035
254185
221,876
23,085
"9 689
9832
r
1 292
1 299
208 375 205 849
"1 700
1 680
"13,935
13,920
r
5193
BUSINESS INCORPORATIONS <§>
[Number]
New incorporations (50 States and DC):
Unadjusted
Seasonally adjusted
INDUSTRIAL AND COMMERCIAL FAILURES @
[For failures, number; for liabilities, millions of dollars]
Failures total
Commercial service
Construction
Manufacturing and mining
Retail trade .. .
Wholesale trade
Liabilities (current) total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Failure annual rate number per 1 0 000 concerns .
6915
16,953
6075
2021
974
628
1,424
879
542
1,389
1867
1 044
669
562
1,652
1,357
1,282
7,741
2196
1057
8,437
2257
1 157
8,580
2406
1091
729
654
728
626
570
648
629
1,723
1,628
1,832
1,683
1,430
1,635
1,628
527
522
632
552
436
685
613
617
565
491
567
586
32020
6328
3939
3467
281 6
308.0
59630
5865
101262
8683
2004
12522
3706
178.9
52601
1 1488
2292
2970
2277
777.1
66599
23729
2809
8,4457
2,660.7
219.0
6209
1 5908
552.8
68392
1,383.6
169.8
63257
1,026.1
385.6
6696
262.9
12,0202
2,551.7
197.9
5209
6359
4,499.7
13,932.0
1,057.6
190.3
24446
230.5
78812
629.6
2,756.9
19383
7996
3,575.0
997.2
320.3
3254
3458
231.7
1991
4047
8855
312.7
3315
6870
545.0
5341
5155
95.2
1804
483.3
125.4
750
2. COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS f
[1910-14=100]
Prices received, all farm products
Crops #
Commercial vegetables
Cotton
Feed grains and hay
Food grains .
Fruit
Tobacco
Livestock and products #
Dairy products
Meat animals
Poultry and eggs
Prices paid:
Production items
All commodities and services, interest, taxes, and
wane rates (parity index)
Parity ratio §
681
667
672
651
576
562
565
368
304
593
580
547
367
324
544
579
529
363
351
548
707
548
388
338
694
666
561
677
553
371
316
992
1,483
1,559
1,266
1,448
820
837
1,088
776
747
1,047
762
752
1,015
298
282
284
988
1 003
1 265
1,434
1,552
630
532
682
436
377
400
766
649
653
644
643
640
630
"633
634
521
565
469
368
390
771
552
826
419
388
424
778
565
972
421
389
417
754
546
729
439
391
408
780
533
613
441
393
407
753
528
600
480
390
382
718
506
681
467
369
354
566
"505
"773
"454
"348
"339
"599
510
783
440
347
355
604
626
1,582
1,570
1,530
1,521
1,700
1,409
1,409
1,409
754
783
762
826
737
844
735
844
732
826
750
789
745
764
991
280
997
274
940
270
935
271
941
263
997
254
998
254
747
764
1,002
758
789
1,011
757
807
1,000
253
257
259
1299
51
1,007
1,548
636
538
764
514
365
370
802
52
1,348
760
820
996
267
998
993
1,005
1,010
1 298
1 303
1,314
1,321
48
49
48
50
49
48
"1,439
"768
826
"1,007
272
1,587
764
832
995
273
54
51
129.0
134.3
134.6
135.2
135.4
135.8
135.9
136.0
136.4
137.0
137.3
137.6
138.1
138.4
138.8
139.1
130.7
136.2
136.6
137.2
137.4
137.8
137.9
138.1
138.6
139.3
139.5
139.7
140.2
140.5
140.9
141.3
133.7
136.7
134.2
134.5
137.4
134.8
134.6
137.7
134.9
135.0
138.0
135.2
135.0
138.1
135.3
135.1
138.3
135.5
135.5
138.8
135.9
136.2
139.5
136.5
136.6
139.7
136.7
136.9
140.1
136.9
137.2
140.7
137.4
137.3
141.1
137.6
137.7
141.4
138.0
138.4
141.8
138.4
CONSUMER PRICES
[1982-84=100]
Not seasonally adjusted:
All items, wage earners and clerical workers (CPIAll items, all urban consumers (CPI-U)
Special group indexes:
All items less shelter
All items less food
All items less medical care
See footnotes at end of tables.
128.2
133.5
1303
1361
128.8
133.8
SURVEY OF CURRENT BUSINESS
S-6 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1992
1991
Annual
1990 | 1991
Aug.
Sept. | Oct.
Nov. | Dec.
Jan. |
Feb. | Mar.
Apr.
May
129.2
132.8
128.1
118.5
124.5
151.7
129.0
132.5
127.8
118.6
124.3
152.5
129.3
133.0
127.9
118.5
124.3
153.0
129.9
133.8
129.1
118.5
125.1
153.2
137.4
136.1
137.2
135.7
138.0
136.9
138.5
137.4
137.7
151 1
138.3
151 8
138.6
1470
1523
1470
138.4
151 9
1466
June |
Aug. |
July
Sept.
2. COMMODITY PRICES-Continued
CONSUMER PRICES-Continued
[1982-64=100, unless otherwise indicated]
Not seasonally adjusted-Continued
All items (CPI-U)-Continued
Commodities
Nondurables
Nondurables less food
Durables
Commodities less food
Services
Food#
Food at home
Housing ..
Shelter #
Rent, residential
Homeowners' cost, Dec. 1982=100
Fuel and other utilities #
Fuel oil and other household fuel
commodities ..
Gas (piped) and electricity
Household furnishings and operation
Apparel and upkeep
Transportation
Private
New cars
Used cars
Public
Medical care .
122.8
126.0
119.9
113.4
117.4
139.2
126.6
130.3
124.5
116.0
121.3
146.3
126.4
130.1
124.3
115.9
121.1
147.3
127.1
131.0
125.9
115.9
122.1
147.9
1272
127.8
131.5
126.7
117.0'
123.0
148.3
127.5
131.1
125.5
117.2
122.4
148.8
1272
131.0
126.1
116.3
122.4
148.1
132.4
132.3
136.3
135.8
136.0
134.9
135.8
134.4
136.2
135.0
136.7
135.5
128.4
132.1
126.2
117.9
123.0
150.7
128.8
132.4
126.8
118.2
123.5
150.8
137.2
136.4
137.5
136.6
138.1
137.5
138.1
137.4
129.1
132.8
128.0
118.4
124.4
150.9
137.4
136.2
1242
128.5
133.6
134.5
136.0
134.9
134.7
134.7
134.7
135.0
135.7
136.1
136.6
136.5
136.7
1400
1463
1433
1473
1474
1477
1479
1482
144.6
151.6
145.0
152.6
145.2
153.0
1498
1456
1504
1464
1502
1462
1502
1463
153.2
153.5
154.1
154.2
154.4
155.0
155.5
155.8
156.0
1153
1162
1168
144.6
152.1
115.7
1492
1454
150.2
143.7
150.7
1153
1160
1162
1159
1158
1158
1168
1190
1194
1194
1198
993
109.3
113.3
946
112.6
116.0
878
114.7
116.2
909
112.9
116.4
948
111.2
116.5
947
112.4
116.3
1241
1205
1287
1238
1276
1238
131 3
1238
1327
1240
1329
1250
1296
1253
118.8
121.9
122.0
122.1
122.4
123.4
123.4
1210
1253
1244
1241
1250
1266
1276
117.6
142.6
118.1
148.9
120.0
147.6
119.8
146.6
120.2
144.9
120.1
149.8
1628
1770
1789
1807
120.6
147.0
181 8
138.4
144.6
111 6
Seasonally adjusted
All items, percent change from previous month or
year
Commodities
Commodities less food
Food
Food at home
Apparel and upkeep
117.4
121.6
149.6
127.6
131.1
124.9
117.6
122.1
150.1
130.6
154
142
Private
New cars
Services
889
1155
116.4
- 1797
1826
3
126.8
121.7
1271
122.1
2
127.1
122.1
4
127.6
122.6
2
127.6
122.4
1363
1353
1365
1354
1364
1352
1370
1359
1292
1300
1303
131 1
1242
1242
1240
122.5
125.9
122.6
126.3
147.0
4
920
91 5
897
1472
1115
1130
1174
1176
1175
1185
116.7
1120
1173
899
111 3
117.7
1180
117.9
118.2
118.4
118.3
118.3
1279
1245
1225
1280
1178
1515
1843
1302
1241
1220
1281
1161
1507
1862
1334
1244
1222
1282
1157
1333
1252
1229
1282
1179
1547
1881
1331
1263
1243
1284
1205
131 0
1292
1272
1302
1269
1333
1268
125.5
125.4
125.4
1278
1248
1274
148.3
1276
1264
1467
1907
191 5
1923
1128
1
3
905
153.5
1873
5
898
151.6
1887
1
2
901
1269
1254
1282
1231
1453
1894
3
900
1
3
897
127.7
145.6
1293
1297
124.9
124.9
2
130.0
125.1
1373
1358
1292
1246
1375
1359
1373
1356
1385
1373
1391
1381
1323
1320
131 8
131 8
1321
1257
1261
1267
1273
1272
1272
123.5
127.8
124.2
128.0
151.4
125.4
128.5
125.8
128.6
125.9
129.1
125.9
129.6
151.8
152.2
152.6
152.8
r
117.2
117.8
117.8
117.6
• < • 117.8
"1012
101.5
101.3
100.9
102.0
1145
' 123.2
"121.7
129.0
1153
1153
1153
1156
123.7
122.5
128.9
123.7
122.4
129.0
123.5
122.2
128.8
123.3
122.1
128.0
r
124.2
113.1
120.5
124.1
116.9
116.8
104.6
122.9
118.0
125.7
124.3
113.0
120.5
124.2
116.7
115.8
102.6
122.4
124.2
112.7
120.3
124.1
116.4
123.9
113.3
120.3
123.8
116.7
115.3
102.1
121.9
118.1
126.9
115.3
101.6
122.1
118.3
126.5
1278
1227
1372
1360
1285
1234
1379
1370
1286
1236
1378
1367
1288
1374
1364
1273
1221
1368
1354
1296
1300
131 9
1327
131 8
1245
1248
122.5
126.2
122.9
126.3
123.0
126.5
1244
1224
1242
1223
126.6
126.7
1251
1230
1272
147.6
148.1
148.6
149.2
1497
1500
1507
1512
124.1
PRODUCER PRICES §
11982=100 unless otherwise indicated]
Not seasonally adjusted:
A l l commodities
. . .
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, and
Finished goods #
Finished consumer goods
Capital equipment
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
Farm products, processed foods and feeds
Farm products
Foods and feeds, processed
Chemicals and allied products
Fuels and related prod., and power
Furniture and household durables
Hides, skins, and leather products
Lumber and wood products
Machinery and equipment
Metals and metal products
Nonmetallic mineral products
Pulp, paper, and allied products
Rubber and plastics products
Textile products and apparel
Transportation equipment #
Motor vehicles and equipment
Seasonally adjusted:
Finished goods, percent change from previous
month or year
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, and
.
1163
116.5
116.2
116.1
116.4
116.4
115.9
1156
116.0
1161
1163
108.9
101.2
99.1
98.0
99.9
99.7
97.7
96.9
98.6
97.9
98.8
1145
1144
1142
1146
1142
1140
1137
1132
1135
1136
1138
119.2
118.2
122.9
121.7
120.5
126.7
121.7
120.4
126.5
121.4
120.2
126.2
122.2
120.8
127.9
122.3
120.9
127.9
121.9
120.3
128.0
121.8
120.0
128.6
122.1
120.3
128.7
122.2
120.4
128.9
122.4
120.7
129.1
121.2
112.2
118.1
122.9
111.7
119.0
122.6
111.3
122.5
111.3
118.7
123.3
111.3
119.2
123.3
115.0
115.1
101.5
121.9
116.7
123.2
111.3
119.2
123.2
115.2
114.8
101.6
121.4
116.7
123.2
110.5
118.8
123.2
114.4
114.5
100.6
121.4
123.6
109.8
118.7
123.9
110.3
119.1
124.2
110.1
119.2
124.3
110.6
119.7
1236
1238
1241
1242
113.8
124.9
114.3
116.7
106.4
121.8
115.9
124.4
115.1
115.8
103.2
122.0
116.4
124.9
114.3
116.3
105.5
121.7
116.0
124.5
1187
1225
1223
1207
1227
115.2
118.6
112.2
121.9
115.8
115.2
116.4
105.7
121.9
116.5
114.8
115.2
102.9
121.4
116.3
115.0
115.1
103.1
121.1
116.3
123.6
125.6
124.5
124.5
81.4
1212
82.2
81.2
81.3
119.1
141.7
129.7
120.7
123.0
114.7
141.3
114.9
121.5
118.2
121.2
138.9
132.0
123.0
120.3
117.2
143.0
115.2
116.3
126.4
122.1
121.2
138.1
133.3
123.0
119.5
117.1
142.2
114.7
116.5
126.0
120.6
M9
'2.1
1136
Finished aoods #
Finished consumer goods
Foods
Finished goods, exc. foods
Durable
Nondurable .. .
Capital equipment
136.6
133.4
123.0
119.5
117.2
142.3
114.6
116.6
125.2
119.2
116.1
125.0
124.8
81.2
79.1
76.3
76.8
75.8
77.1
121.4
137.1
133.4
123.1
118.9
117.2
142.8
114.6
116.8
128.9
125.4
121.5
137.6
134.6
121.8
138.6
137.6
123.3
118.2
117.2
144.1
121.8
139.0
142.9
123.5
118.9
117.1
144.2
114.3
117.6
129.7
124.6
121.9
139.8
145.7
123.6
119.4
117.3
144.4
122.0
139.9
147.5
123.4
119.6
116.9
144.9
114.6
117.8
130.2
124.8
.1
0
1232
118.7
117.1
142.7
114.7
116.9
129.0
124.9
1005
100.4
98.3
114.1
121.5
114.3
121.8
120.4
123.3
119.0
114.0
122.1
120.8
123.3
119.6
114.0
122.2
120.9
123.1
119.8
1243
1244
126.9
115.3
127.1
.822
.732
.824
.729
1238
1149
124.6
81.3
984
118.3
102.8
121.3
115.7
121.4
136.3
133.2
123.0
119.3
117.4
142.6
114.7
116.7
129.1
125.8
991
1202
1234
1152
r
1147
117.4
129.8
124.8
1143
117.7
130.0
124.9
124.4
M12.0
" 120.3
124.2
'116.3
'117.0
"105.8
" 122.5
r
117.3
125.2
79.7
122.1
r
140.7
r
147.6
123.4
119.5
'116.9
r
145.2
r
1149
117.7
r
130.2
r
124.7
r
118.1
126.5
82.8
82.8
82.8
84.0
122.1
140.9
145.8
123.3
119.5
117.0
122.1
140.7
144.9
123.1
120.2
117.3
145.3
115.1
117.9
129.7
124.2
122.3
139.9
145.1
123.1
120.0
117.1
145.2
115.3
118.0
129.9
124.4
118.1
129.6
123.9
122.2
140.8
148.4
123.2
119.6
117.4
145.8
115.8
118.0
128.1
121.1
MOOO
101 1
101.1
101 0
1026
r
115.2
123.4
121.9
122.6
121.4
125.9
117.5
129.2
115.2
123.3
121 9
122.6
121.2
125.6
118.1
129.1
129.3
115.2
123.5
122.0
123.4
120.9
126.2
117.7
129.4
115.4
123.9
122.5
123.9
120.8
126.1
118.4
129.4
.812
.716
.808
.713
.808
.712
.810
.710
.811
.708
1452
1153
g
973
990
973
983
113.9
122.1
120.7
123.0
119.5
113.2
121.9
113.8
122.4
122.5
119.0
113.7
122.2
120.6
123.7
119.2
123.1
119.6
114.0
122.8
121.1
122.7
120.2
1246
1247
1254
1252
1258
1259
116.1
127.3
116.2
127.5
115.8
127.7
114.9
128.3
115.2
128.4
115.6
128.8
116.4
129.1
.818
.728
.818
.726
.820
.725
.821
.724
.819
.722
.818
.718
.817
.717
1202
1208
.3
r
r
114.5
123.1
121 6
r
122.5
"120.9
r
1258
r
118:
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices, 1982=$1.00
Consumer prices 1982-84=$100
See footnotes at end of tables.
.839
.822
766
734
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990 |
October 1992 •
1991
1991
Aug. |
Sept.
Oct. I
S-7
1992
Nov. I Dec.
Jan. |
Feb. |
Mar. |
Apr. |
May |
JuneJuly
Aug.
Sept.
3. CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE £
[Millions of dollars]
New construction (unadjusted) total
Private total*
Residential
New housing units
Nonresidential buildings, except farm and public
utilities total #
Industrial
Commercial
Public utilities:
Telecommunications
Public, total #
Buildings (excl. military)*
Housing and redevelopment
Industrial
Military facilities
Highways and streets
[Billions of dollars]
New construction (seasonally adjusted at annual
rates) total I
Private, total #
Residential
New housing units
Nonresidential buildings, except farm and public
utilities total #
Industrial
Commercial
Public utilities:
Telecommunications
Public, total # i.
Buildings (excl military) #
Housing and redevelopment
Industrial
Military facilities
Highways and streets
442066
400956
39109
38124
37490
34250
30303
27540
27339
30723
r
334154
182856
127,987
290706
157835
110,592
27524
15870
11,042
26816
15405
11,021
26593
15289
10,823
24,834
14240
10,358
22143
11965
8,718
20155
10971
8,195
19948
10480
7,826
22626
12424
9,299
'24934 '26344
r
14 602 '15981
10,251
10,919
117971
23848
62,862
97841
22280
48,480
8524
1876
4374
8327
1829
4237
8149
1 897
3,968
7442
1813
3,546
7220
1924
3305
6328
1 568
2,986
6616
1 627
3145
7182
1886
3301
33 981
7071
1 744
3,268
r
36 665
'38965
'39843
41 231
'28 260
'17281
'11,711
'28 504
'17728
'12,127
28,884
18411
12,605
7127
1 768
3286
7663
1 767
3,710
'7406
'1 727
'3,518
9565
8816
822
730
793
798
702
632
671
781
883
739
775
779
107,912
46,208
3498
1433
2,665
31 155
110,249
50,475
3496
1823
1,837
29918
11,584
5,025
286
11,308
4,788
313
10,897
4,536
322
9,416
4,185
310
8,160
3,937
277
7,384
3,823
285
7,390
3,946
290
8,097
4,167
297
9,047
4,375
290
10,321
4,709
266
10,705
4,588
279
'11,339
'5,010
'292
'135
147
6967
1 517
3,281
12,347
5,036
292
196
138
237
223
133
95
135
149
135
219
137
170
146
184
162
212
145
194
?99
160
209
3809
3444
3509
2456
1865
1 395
1 353
1478
2062
2869
3320
'3451
4111
404.8
4060
406.1
401.2
398.7
407.1
411.8
421.5
'427.6
'428.0
r
426.7
'427.5
424.0
291.8
161.5
1144
293.6
164.2
1171
291.7
164.7
1175
288.3
164.5
1180
287.4
164.1
1183
292.5
169.5
1220
294.8
169.8
1233
301.1
172.7
1259
r
'307.0
'182.9
1281
'312.2
'184.6
'1287
'308.1
'183.2
'1275
304.4
186.8
1302
94.3
937
207
467
91.2
21 1
44.3
87.5
21 6
41.6
87.8
224
85.5
21 3
237
87.4
21 3
40.9
412
87.3
21 7
41 6
42.1
407
85.6
21 0
39.6
'88.8
'203
43.2
'85.4
20.5
'39.8
77.4
17.7
35.3
214
47.2
r
90.6
150
179
107
'89
'89
9.2
117.8
'532
'121.0
'562
'114.5
'516
3.5
1.7
2.3
314
3.2
1.8
2.7
326
3.3
1.9
2.5
'119.4
'54.4
'3.5
'1.6
'315
'326
3.5
1.8
2.2
334
20,510
98
21,746
'98
19,787
89
23,409
'93
21,678
'91
20,170
'91
20,566
89
5608
11,429
7,003
13,507
6417
15,329
6,101
13,686
7,492
15,917
7,074
14,603
6,037
14,133
6,586
13,979
5,635
6,891
3,551
5649
7,258
4,130
5952
9,673
4,885
6833
10,018
4,895
5893
9,481
4,413
8,042
10,729
4,638
7,073
9,874
4,731
6,662
9,167
4,341
6,764
9,597
4,205
89
85
85
89
83
96
96
95
113.1
112.4
114.4
112.9
111.4
114.6
117.0
120.4
524
34
23
1.7
520
38
28
2.7
294
537
3.9
1.6
1.1
301
512
3.7
1.6
1.8
296
509
3.3
1.6
2.6
296
523
3.4
1.6
2.0
302
530
3.5
1.8
2.2
327
554
3.6
1.9
2.5
309
19,71 5
'90
22,738
98
15,083
'81
16,277
98
16,077
96
17,038
102
'6804
12,911
7,736
15,002
4,240
10,843
5,880
10,397
5,303
10,775
6741
8,298
4,676
8,337
9,984
4,417
5,103
7,427
2,552
5819
6,670
3,788
31 3
309.8
r
182.6
r
1288
188
r
2.3
119.6
52.4
CONSTRUCTION CONTRACTS
[Millions of dollars, unless otherwise indicated]
Construction contracts (F.W. Dodge Division,
McGraw-Hill):
Valuation total
Index (mo. data seas, adj.), 1987=100 §§
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning (Engineering NewsRecord) §
r
245,396
»95
221,230
»89
21,595
'93
72090
173,307
74422
146 806
7322
14,273
90240
105,509
49,645
76898
96,353
47,978
8385
8,702
4,507
1,0145
841.2
94.7
78.7
866
73.7
101.8
80.9
75.6
62.6
65.6
56.3
71.6
58.4
78.8
69.2
111.6
90.9
107.6
93.5
115.2
100.2
117.8
102.7
'106.2
'93.2
'110.5
'93.8
110.0
94.3
1 053
1020
1 085
1 085
1 118
1 180
887
907
972
989
1 340
1 068
933
1 196
1 019
1,147
864
1 257
1 109
1 086
881
'1 100
'956
'1 239
'1,058
1 256
1,071
955
754
940
764
974
782
994
788
979
792
1,073
1,106
1,146
1,094
1,058
1,054
1,032
913
946
873
879
872
879
'1,076
'877
1,116
873
170.9
17.4
15.1
16.9
13.1
10.9
13.4
13.5
16.1
17.6
17.0
18.2
18.0
19.1
178
172
172
171
176
192
197
197
199
189
194
211
198
111.7
112.4
111.7
112.3
111.3
111.8
110.9
111.4
110.7
111.3
110.1
110.6
110.5
110.6
110.9
110.9
'111.1
'111.3
'111.1
'111.3
'111.7
'112.0
'112.3
'112.5
112.4
112.8
r
r
r
r
213389
HOUSING STARTS AND PERMITS
[Thousands]
New housing units started:
Unadjusted:
Total (private and public)
Privately owned
One-family structures
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
New private housing units authorized by building
permits (17,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
.
One-familv structures
Manufacturers' shipments of mobile homes:
Unadjusted
Seasonally adjusted at annual rates
1 192.7
894.8
1,111
798
188.3
907
999
1,080
902
CONSTRUCTION COST INDEXES
Bureau of the Census, 1987=100:
Composite fixed-weighted price index *
Implicit price deflator *
Boeckh indexes, 1987=100:
Average, 20 cities:
Apartments hotels office buildings
Commercial and factory buildings
Residences
Engineering News-Record, 1967=100:
Building
Construction
Federal Highway Adm.-Highway construction,
1987=100:
Comoosite (ava. for vear or otr.)
See footnotes at end of tables.
110.3
111.2
111.2
111.8
1087
1106
1097
1120
1142
1130
400.0
440.5
407.2
450.1
108.5
107.5
113.0
115.7
1143
1129
1156
1143
413.3
455.4
412.3
455.3
107.0
412.3
455.4
413.2
455.8
1141
1166
1154
1139
1164
1151
412.1
455.1
100.4
412.0
455.1
410.8
454.7
414.4
458.6
102.9
117.4
117.7
1169
115.8
117.1
1161
415.9
460.5
418.6
462.2
420.0
462.9
110.4
421.1
464.7
422.4
468.5
2
2
422.8
469.4
SURVEY OF CURRENT BUSINESS
S-8 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990 |
1991
1991
Sept.
Aug.
Oct. |
1992
Nov. |
Dec.
Jan.
Feb.
Mar. |
Apr.
May
June
July |
Aug. |
Sept.
3. CONSTRUCTION AND REAL ESTATE-Continued
REAL ESTATE 0
[Thousands of units]
Mortgage applications for new home construction:
FHA applications
Seasonally adjusted annual rates
Requests for VA appraisals
Seasonally adjusted annual rates
[Millions of dollars]
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
Vet. Adm.: Face amount §
Federal Home Loan Banks, outstanding advances to
member institutions, end of period
New mortgage loans of SAIF-insured institutions,
estimated total @
By purpose of loan:
Home construction
Home purchase
All other purposes
1154
51,863.74 46,990.04
15,787.10
16,1 82
127
272
2
8,776
2
66
102
65
98
4,828.99 4,072.77 3,696.55 3,419.86 3,226.30
1,589.33 1,529.80
72
97
75
98
3,549.48 3,222.96
101
101
94
99
79
86
77
83
90,142
83,946
80,143
78,784
79,065
75085
75834
76275
76008
76409
76,860
12239
10591
12403
12129
15098
13605
15975
21 909
19609
16383
16330
2
1,230
10552
456
1,027
9051
513
1,077
10883
412
880
10879
365
914
13601
582
781
12428
397
826
14768
382
1,138
20230
539
1 348
17796
463
1 314
14641
428
1,370
14383
576
12,261
125
594
2
5,81 9
88
101
3,559.84 3,620.34 3,910.67 4,603.26 4,797.76
79065
2
2
2
87
111
143 674
117,096
2 152 230
71
92
81
120
74
89
67
74
980
75
94
4,588.95 4,319.72
76,194
77,078
152,986
75,670
77,316
150,165
74,785
75,380
80,158
4. DOMESTIC TRADE
ADVERTISING
[Millions of dollars]
Magazine advertising (Leading National Advertisers):
Cost total
Apparel and accessories
Automotive, incl. accessories ..~
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
Beer wine liquors
Houshold equipment supplies furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
All other
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total
Classified
National
Retail
32280
11,506
4122
16652
8,555
3,081
967
4507
6,662
2,264
958
3441
7756
2594
1 085
4077
10,567
3928
15914
7,412
2,660
933
3819
1,790,448 1,741,614
890,261
846466
900187
895148
148,825
72743
76,082
145,493
72847
72,646
158,596
78,833
79,763
142,820
69,291
73,529
142,864
68332
74,532
140,505
66410
74,095
134,652
65541
69,111
152,557
75970
76,587
148,832
73653
75,179
143,843
70058
73,785
152,943
77488
75,455
190,971
128,342
62,629
191,380
126,800
64,580
196,967
126,706
70,261
197,793
127,168
70,625
199,710
128,799
70,91 1
201,522 201,586
129,586 130,353
71 ,936 71,233
200,370
129,789
70,581
199,736
130,757
68979
196,558
130,578
65980
198,246 " 198,806 197,256
131,019 " r131 ,735 131,137
67,227
67,071
66,119
161,895
57,510
148,509
54,281
153,920
54,900
157,276
52,399
182,744
58,856
140,023
49,461
141,517
51,137
153,026
56,646
157279
58,882
163840
60,655
162,722
62,933
164,1 64 "164,344
62,280 "59,977
158,266
59,431
8,884
8,301
8,592
31,991
33,516
32,086
7,062
7,328
7,586
99020
94228
104385
17780
18583
16187
33,432
31,478
30,600
10,685
11,403
10,406
7496
7,789
8904
16,362
17,881
15,861
5,947
6,309
6,300
1 797
2014
1 733
'153,767 " 154,302 154,569
r
54,215 r 55,1 54 55,450
7,599
28,994
7,852
104877
22376
31,978
10,371
8,903
15,842
6,285
1 922
154,092
54,722
7,268
28,151
9,798
123888
32919
33,428
10,300
12599
16,239
8,204
2325
154,280
55,406
6,629
29,374
7,010
90562
13658
31,112
9,545
5987
15,380
6,312
1 668
157,808
56,919
6,802
30,847
6,924
90380
15005
29,993
9,128
6359
15,535
6,238
1 704
159,753
57,961
8,069
34,527
7,325
96380
16901
31 174
9,758
7397
16,581
6,384
1 741
157,873
57,122
9,197
35,455
7,206
98397
17701
31717
9,911
8249
16,272
6,530
1 802
158,385
57442
10,032
35,741
7,319
103185
18830
33262
10791
8284
17,323
6439
2015
159,111
57643
r
9,979
9,655
"9,163
37,729 "37,194 "34,911
7.597
"7,816
"7,806
99789 "101 884 "104367
17681 "17438 "19366
32,477 "34 037 "33,101
10,961 "11,229 "11,075
"9229
7940
"7936
16,603 "17,061 "17,324
"6,284
6,291
"6,321
"2105
1 989
"2056
158,982 "160784 "160,722
57,686 "58,580 "58,269
9,117
35,086
7,759
98835
17689
31,636
10,887
8398
15,869
6,176
8,040
6,143
977
32,521
7,905
5,957
1,005
32,060
8,174
6,238
965
32,422
8,497
6,390
1 050
33,163
8,757
6,563
1 053
33,938
8,692
6,479
1 062
33,058
8,722
6,467
1 052
33,280
8,721
6,452
1 081
33,404
8,574
6,337
1 065
33,416
"8,592
"6,409
"1088
"33,896
"8,463
"6,347
"1,109
"33,683
29,859
2,662
7,333
3,916
2.620
29,491
2,569
7,295
3,914
2.566
29,798
2,624
7,446
4,005
2.629
30,494
2,669
7,628
4,029
2.760
31245
2,693
7,660
4,096
2.724
30373
2,685
7,677
4074
2.754
30635
2,645
7,609
4073
2.712
30774
2,630
7,549
4,101
2.642
30,770
2,646
7,683
4,205
2.668
"31,200
"2,696
"7,886
"4,337
"2.716
"31,017
"2,666
"7,810
"4,254
"2.743
WHOLESALE TRADE t
[Millions of dollars]
Merchant wholesalers sales (unadj.), total
Durable goods establishments
Nondurable goods establishments
Merchant wholesalers inventories, book value (nonLIFO basis), end of period (unadj.), total
Durable goods establishments
Nondurable goods establishments .
197,554
129,004
68550
199,710
128,799
70911
r
r
r
::=:
RETAIL TRADE $
[Millions of dollars]
All retail stores:
Estimated sales (unadj.), total
Durable goods stores #
Building materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furnishings, and equipment ...
Nondurable goods stores
General merch group stores
Food stores
Gasoline service stations
Apparel and accessory stores
Eating and drinking places
Drug and proprietary stores
Liquor stores
Estimated sales (seas, adj.), total
Durable goods stores #
Bldg. materials, hardware, garden supply, and
mobile home dealers #
Building materials and supply stores
Hardware stores
Automotive dealers
Motor vehicle and miscellaneous auto
dealers
Auto and home supply stores
Furniture, home furnishings, and equipment #
Furniture home furnishings stores
Household aooliance. radio, and TV stores
See footnotes at end of tables.
1 825 507 1 842 739
660,779
652,951
95,132
96,076
385,136
378,025
91,937
88,927
1 164728 1 189788
217532
212287
371 580
380 927
126,462
130,200
94455
95308
186,162
194,005
75668
69,169
21 618
22336
r
8,120
6,064 r6,133
r
990
"1 000
r
31 ,21 5 "32,035
r
8,01 7
r
r
28
531
r
2,684
r
7,451
r
3,957
"2.676
r
29,331
r
2,704
'7,433
r
3,954
2.661
r
r
161,130
58,742
8,683
33,830
31,176
2,654
7,958
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
October 1992 •
1992
1991
Annual
1990 | 1991
Aug. |
Sept. |
Oct.
S-9
Jan.
Nov. | Dec.
Feb. | Mar.
Apr.
May
June I
July |
Aug. |
Sept.
4. DOMESTIC TRADE-Continued
RETAIL TRADE ^-Continued
[Millions of dollars-Continued]
All retail stores-Continued
Estimated sales (seas. adj.)-Continued
Nondurable goods stores
General merch. group stores
Department stores excluding leased
departments
Variety stores
'99 552
r
18 301
r
99,148
18 345
99119
18252
99370
18327
98874
17820
100,889
19,328
101,792
19,731
100,751
19,030
100',943
18,947
101,468
19,053
r
r
14447
587
14644
603
14173
594
15304
624
15606
636
15050
574
14977
586
15180
572
15076
568
'15392
'551
'15584
'544
15613
31818
29,816
10264
31835
29,860
10413
31956
29,955
10208
32049
30,064
10165
31 920
29,953
10210
31823
29,830
10229
32139
30,079
10249
31 968
29,872
10497
32200
30,075
10539
'32284
'30,158
'10544
'32620
'30,502
'10,389
32133
30,051
10590
'7961
7837
7869
7811
8057
8277
8137
8199
8318
8445
'8658
'8567
8730
726
701
709
689
729
736
729
717
730
729
'721
'714
2,782
1,449
2,766
1423
2,753
1,407
2,678
1418
2,726
1,450
2,826
1498
2,817
1,436
2,884
1,454
2,992
1,482
2,945
1,492
2,922
'1,515
'2,978
'1,496
15 989
6347
1859
16297
6392
1874
16366
6374
1875
16741
6435
1 716
16,736
6461
1851
16904
6525
1930
16715
6528
1 909
16403
6,537
1933
16420
6491
1 993
15843
6459
1985
31 589 31844
'29,591 f 29,839
'10578 '10232
Apparel and accessory stores # .
Men's and boys' clothing and furnishings
stores
Women's clothing, specialty stores, and
furriers
Shoe stores
'8019
r
716
r
2,787
1,489
r
Eating and drinking places
Drug and proprietary stores
Liquor stores
Nondurable goods stores #
General merch. group stores
Department stores excluding leased
departments
Food stores
Apparel and accessory stores
Book value (non-LIFO basis), (seas, adj.), total ..
Durable goods stores #
Bldg. materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home fum., and equipment
Nondurable goods stores #
General merch. group stores
Department stores excluding leased
departments
Food stores
Apparel and accessory stores
Firms with 11 or more stores:
Estimated sales (unadj.), total
Durable goods stores
Auto and home supply stores
Nondurable goods stores #
General merchandise group stores
Grocery stores
Apparel and accessory stores
Eating places
Drug stores and proprietary stores
14 457
'608
r
r
Food stores
Grocery stores
Gasoline service stations
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
14 421
'608
r
r
'16330
'6332
'1893
r
r
236,192
120507
238,823
118480
232,330
110617
240,046
113915
254,023
119284
257,915
121 693
238,823
118480
233,603
114791
237,187
117065
242,743
120382
247,356
123472
245,350
123 570
15521
65936
16,907
16051
63003
17,007
16034
55031
16,672
15952
56413
17,465
15874
59912
18,534
16000
61839
18,634
16051
63003
17007
16204
60535
16,500
17144
62062
16,241
17796
63149
17,064
18372
64610
17,336
18288
64279
17,415
115,685
39,873
120,343
42,472
121,713
44,261
126,131
47,120
134,739
51,863
136,222
52,356
120,343
42,472
118,812
42,391
120,122
42,847
122,361
44,807
123,884
46,081
121,780
44,509
30044
25509
17,902
32975
26341
17,678
33611
25109
20,024
35982
25333
20,698
39968
26423
21,398
40611
26991
21,486
32975
26341
17,678
33023
25781
17,358
33486
25496
18,624
35090
25571
19,096
35915
25861
19,450
34728
26075
19,199
240,217
119,331
243,162
117,454
'236,177
r
114,554
238,842
116,582
240,746
117,293
240,879
116,873
243,162
117,454
240,986
115,918
241,938
117,259
244,288
119,827
247,992
122,884
247,349
122,694
16134
63,308
17,061
16668
60,454
17,196
16244
60,189
17,123
16348
60,991
17,177
16529
60,555
17,190
16668
60,454
17,196
16740
59,605
16,958
17127
60,456
16,848
17161
61,898
17,341
17682
63,805
17,600
17450
63,409
17,716
120,886
43,529
125,708
46,311
121 623 122260
r
44,444
44,774
123453
45206
124 006
45223
125708
46,31 1
125068
46263
124679
45287
124461
45626
125108
46431
124655
46150
32763
25212
19,716
35920
26009
19,491
723,088
92788
9894
630300
202,541
216546
212922
56,594
44863
41,642
16180
'58,851
r
16 892
r
P
101,296 '102,204 '102,453
19,025 '19,581 '19,639
'15930 '16011
'6465
'6503
'1 984 '2008
17826
63950
17,427
'17762 '17607
'61 756 '59568
'17,623 '17,899
121,365 '124,885 '126,336
44,300 '46,119 '47,004
34358
26150
18,778
'35692
'26106
'20,207
'36354
'25 777
'20,948
248,813 '251,382 '250,849
123,198 '124,421 '124,572
17290
63,545
17,819
'17744
'63,570
'18,075
'17785
'63,547
'18,153
125615 '126961 '126277
46,790 '47,356 '47,233
34499
25616
19290
34907
25736
19191
34829
25917
19339
35920
26009
19491
35934
25832
19503
35286
25921
19604
35588
25785
19566
35951
26075
19646
35876
26104
19631
36358
26243
19560
'36834
'26 403
'20 007
'36833
'26278
'20 008
749,487
64,803
58,493
62,000
68,774
88,421
55,494
55,993
60,895
62,947
66,012
'63,390
64,062
66,410
98985
10570
8501
7879
8130
8697
12545
7303
7168
8074
8460
9123
979
894
969
896
848
800
791
878
934
969
650 502
206,830
226010
56302
17,608
19608
19308
5,570
4026
3,819
50614
15,273
17951
17672
4,625
3711
3,612
53870
16,840
18763
18463
4,868
3818
3,801
60077
21,500
19256
18928
5,814
3730
3,849
75876
32,034
20171
19598
8,349
3697
5424
48191
12,891
18908
18599
3,560
3589
3,812
48825
14,352
18102
17750
3,843
3596
3,814
52821
16,125
18700
18367
4,656
3902
3,878
54487
16,841
18932
18562
5,215
3943
4,034
56889
17,935
19660
19326
5,172
4196
3,989
r
62784
'896
14 187
r
385
'18441
r
4,948
62926
62715
62974
62392
64846
65241
64615
65,168
65,531
900
893
891
877
943
955
919
920
922
r
14200
14200
14423
13968
15058
15375
14783
14812
14930
380
373
385
370
400
406
366
391
392
18661
4,955
18574
4978
18630
5007
18665
4906
18636
5,134
18625
5,184
18628
5,145
18826
5156
18709
5228
1,777
1,784
1 000
4,019
958
944
972
4,014
4,046
r
999 037
59,434
44819
45898
Estimated sales (sea adj ) total
Auto and home supply stores
Department stores excluding leased departments
Variety stores
Grocery stores
.
. .
Apparel and accessory stores
Women's clothing, specialty stores, and
furriers
Shoe stores
Drug stores and proprietary stores
r
1,682
r
976
3,877
1,730
1,722
1740
1672
945
944
953
906
973
3,892
3,927
3,912
3,936
3,979
1,783
1,792
r
9120
8966
1 026
8924
r
54 270
'16,849
r
18 829
'18510
'4,967
'3965
'3,890
55096
16,599
19839
19517
4,819
4158
3,792
57486
18,508
19281
18967
5,748
4,187
3,834
'65432
'922
'14830
'392
'18697
'5311
66,169
66,401
4,046
1,832
15981
6501
244,547 '246,858 '246,748
123182 '121 973 '120412
34054
25 600
19,125
r
102,388
19,742
997
980
927
920
15145
15324
386
383
18730
5,429
19 101
5337
'1,812
'984
'4,019
1,760
1 018
3,971
1,828
1 019
3,977
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
[Thousands, unless otherwise indicated]
Not seasonally adjusted:
Noninstitutional population, persons 16 years of
age and over
Labor force @
Resident Armed Forces
Civilian noninstitutiOnal population
Civilian labor force, total
Unemployed
189686
126424
1,637
191 329
126867
1,564
191 589
127713
1,616
191 746
127029
1,624
191 903
127 182
1,614
192 057
127 001
1,605
192209
126712
1,604
192358
126 671
1,599
192469
126971
1,585
192607
127382
1,585
192745
127 455
1,577
192881
128279
1,574
193025
130,572
1,570
193190
131 168
1,568
193356
130039
1,566
193,513
128610
1,566
188,049
124,787
117,914
6,874
189,765
125,303
116,877
8,426
189,973
126,097
117,859
8,237
190,122
125,405
117,335
8,070
190,289
125,568
117,555
8,013
190,452
125,396
117,110
8,286
190,605
125,108
116,549
8,559
190,759
125,072
115,122
9,949
190,884
125,386
115,224
10,161
191,022
125,797
116,106
9,691
191,168
125,878
116,933
8,945
191,307
126,705
117,535
9,169
191,455
129,002
118,907
10,095
191,622
129,600
119,754
9,845
191,790
128,473
119,082
9,390
191,947
127,044
117,953
9,090
Seasonally adjusted:
Civilian labor force, total
Participation rate, percent i
Employed total
Employment-population ratio,
percent f
Agriculture
Nonagricuiture
66.4
66.0
125,004
65.8
116,484
125,590
66.1
117,089
125,508
66.0
116,867
125,374
65.8
116,772
125,619
65.9
116,728
126,046
66.1
117,117
126,287
66.2
117,043
126,590
66.3
117,348
126,830
66.3
117,675
127,160
66.5
117,656
127,549
66.6
117,574
127,532
66.6
117,772
127,437
66.4
117,737
127,273
66.3
117,701
62.7
3186
114,728
61.6
3233
113,644
61.3
3254
113,230
61.6
3283
113,806
61.4
3,204
113,663
61.3
3,272
113,500
61.2
3,183
113,545
61.4
3,166
113,951
61.3
3,232
113,811
61.4
3,194
114,155
61.6
3209
114,465
61.5
3,178
114,478
61.4
3,252
114,322
61.5
3,204
114,568
61.4
3,218
114,519
61.3
3242
114,459
Unemployed total
Long term, 15 weeks and over
1,504
2,323
8,520
2,417
8,501
2,422
8,641
2,570
8,602
2,623
8,891
2,843
8,929
3,059
9,244
3,204
9,242
3,185
9,155
3,018
9,504
3,361
9,975
3,675
9,760
3,616
9,700
3,563
9,572
3,472
See footnotes at end of tables.
S-10 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
SURVEY OF CURRENT BUSINESS
Annual
1990
1992
1991
1991
Aug. |
Sept.
Oct.
Nov. | Dec.
Jan.
Feb. |
Mar. |
Apr.
May
June |
July |
Aug.
Sept.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
LABOR FORCE-Continued
Seasonally adjusted-Continued
Civilian labor force—Continued
Unemployed-Continued
Rates £:
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White
Black
Hispanic origin
Married men, spouse present
Married women, spouse present
Women who maintain families
Industry of last job:
Private nonagricultural wage and
salary workers
Construction
Manufacturing
Durable goods
Agricultural wage and salary workers
Not seasonally adjusted:
Occupation:
Managerial and professional specialty ....
Technical, sales, and administrative
support
Service occupations .
.
Precision production, craft, and repair ....
Operators, fabricators, and laborers
Farming, forestry, and fishing
55
4.9
4.8
15.5
47
11.3
80
3.4
3.8
8.2
67
6.3
5.7
18.6
60
12.4
99
4.4
4.5
9.1
68
6.5
5.7
19.0
6.1
12.4
100
4.4
4.4
9.4
68
6.5
5.6
18.2
61
12.3
109
4.5
4.5
9.0
69
6.5
5.8
18.9
61
12.8
105
4.2
4.5
9.4
69
6.4
5.9
18.7
6.2
12.3
102
4.5
4.6
9.1
71
6.6
6.1
19.3
63
12.7
97
4.7
4.9
9.1
71
6.9
5.9
18.3
6.2
13.7
113
4.8
4.8
9.0
73
7.0
6.1
20.0
6.5
13.8
11 6
5.0
4.8
9.5
73
6.9
6.1
20.6
6.5
14.1
11 6
4.8
5.0
10.0
72
6.8
6.3
19.2
6.3
13.9
103
4.7
5.0
10.2
75
7.3
6.1
20.0
6.5
14.7
11.3
5.1
4.9
10.0
78
7.4
6.4
23.6
6.8
14.9
121
5.3
5.3
10.1
77
7.2
6.5
21.0
6.7
14.6
119
5.3
5.3
10.6
7.6
7.3
6.5
19.8
6.6
14.3
11.2
5.4
4.9
10.5
7.5
7.1
6.3
20.4
6.7
13.7
11.9
5.3
5.1
9.0
5.7
11 1
5.8
5.8
9.7
7.0
154
7.2
7.5
11.6
7.1
154
7.2
7.4
11.8
7.0
157
6.9
7.0
11.2
7.1
161
7.0
7.4
11.9
7.2
16.1
7.4
7.1
12.4
7.4
163
72
7.3
11.5
7.4
170
7.0
7.0
10.9
7.6
17.4
7.6
7.7
11.7
7.8
17.6
7.3
7.4
9.6
7.5
166
7.6
7.5
10.4
7.8
16.9
7.7
7.7
13.6
8.0
17.6
8.3
8.2
13.3
7.8
16.5
8.3
8.3
14.3
8.0
17.0
7.9
8.4
11.2
7.8
17.5
8.1
8.4
14.8
2.1
2.8
3.3
3.1
2.9
2.6
2.6
2.9
3.0
2.9
2.8
3.2
3.3
3.4
3.7
3.5
51
76
6.9
8.8
12
51
82
7.7
9.6
9.1
52
8.0
8.3
10.9
8.8
60
8.7
11.3
13.0
11.3
6.0
8.2
12.0
13.7
11.0
5.7
8.1
11.2
12.6
8.9
5.4
8.1
9.1
11.4
6.5
5.7
8.3
8.3
10.7
6.3
6.0
8.6
8.3
10.7
6.5
6.1
7.9
7.5
10.7
6.7
6.1
8.0
7.4
10.0
6.7
6.0
8.0
7.5
9.7
7.9
106,866
88,108
108,868
90,551
42
66
5.8
8.6
62
51
75
7.9
10.5
7.6
51
7.1
7.1
9.2
6.8
52
7.6
7.1
8.7
6.8
109,782
91,478
108,310
89,930
108,029
90,805
108,751
90,638
109,094
90,438
109,106
90,292
108,966
90,212
106,607
88,184
107,359
88,477
108,140
89,248
108,876
89,953
109,378 ' r108,298 '108,225
90,746 90,668 '90,728
109,782
91,478
72,361
24,960
710
5,133
19,117
11,130
735
507
557
757
1,423
2,099
1,676
1,990
1,008
377
7988
1,666
49
692
1,039
698
1,575
1,088
158
890
133
84822
5,808
6200
19677
6,729
28103
18304
3085
4,305
10914
108,310
89,930
71,475
23,830
691
4,685
18,455
10,602
679
472
524
726
1,359
2,007
1,598
1,891
980
366
7852
1,672
49
672
1,010
688
1,541
1,072
159
864
125
84480
5,772
6069
19259
6,678
28323
18,380
2966
4,346
11 067
108,267
89,885
71,442
23,791
686
4,662
18,443
10,582
678
471
524
725
1,356
1,994
1,591
1,901
977
365
7861
1,685
50
673
1,013
688
1,535
1,071
159
863
124
84476
5,773
6050
19244
6,661
28366
18,382
2,970
4,339
11 073
108,293
89,906
71,492
23,755
679
4,662
18,414
10,557
676
470
523
722
1,354
1,989
1,586
1,896
976
365
7857
1,676
50
674
1,017
688
1,533
1,071
159
865
124
84538
5,769
6049
19220
6,663
28450
18,387
2,978
4,336
11 073
108,285 108,139
89,715
89,875
71,354
71,487
23,704
23,613
667
674
4,642
4,585
18,361
18,388
10,530
10,498
677
678
468
469
524
520
718
715
1,351
1,352
1,981
1,967
1,581
1,578
1,889
1,886
973
969
366
366
7858
7863
1,672
1,670
49
48
677
676
1,027
1,021
687
688
1,531
1,528
1,073
1,073
159
159
867
869
124
123
84581
84526
5,766
5,761
6031
6040
19175
19130
6,665
6,666
28,514
28525
18,424
18,410
2,980
2,981
4,337
4,343
11 093
11 100
108,154
89,704
71,375
23,584
663
4,592
18,329
10,466
679
467
520
714
1,347
1,958
1,574
1,878
962
367
7863
1,671
49
679
1,026
687
1,527
1,072
158
870
124
84,570
5,758
6021
19112
6,670
28,559
18,450
2,983
4,342
11,125
108,100 108,142 108,200
89,643
89,681
89,693
71,360
71,391
71,415
23,527
23,525
23,532
657
653
651
4,587
4,582
4,603
18,283
18,290
18,278
10,417
10,422
10,430
680
686
689
464
465
466
517
517
518
711
710
710
1,344
1,342
1,342
1,954
1,950
1,948
1,564
1,560
1,570
1,850
1,872
1,863
956
963
959
367
366
366
7861
7860
7861
1,672
1,671
1,671
50
49
50
682
681
678
1,024
1,025
1,025
687
687
686
1,524
1,519
1,519
1,071
1,073
1,073
157
158
158
871
877
874
124
123
123
84,617
84,573
84,668
5,754
5,746
5,753
6010
6003
5997
19,118
19143
19092
6,675
6,665
6,673
28,577
28,584
28,643
18,457
18,507
18,461
2,981
2,981
2,989
4,347
4,346
4,345
11,129
11,134
11,173
108,377
89,835
71,556
23,530
646
4,605
18,279
10,409
688
467
520
708
1,341
1,949
1,557
1,859
952
368
7870
1,677
50
682
1,023
689
1,521
1,072
157
876
123
84847
5,746
5993
19177
6,682
28,707
18,542
2,986
4,360
11,196
108,496
89,950
71,675
23,548
641
4,632
18,275
10,398
687
467
522
707
1,343
1,959
1,554
1,842
949
368
7877
1,678
49
679
1,026
691
1,522
1,073
156
880
123
84948
5,745
5993
19150
6,681
28833
18,546
2,984
4,367
11 195
108,423 r 108,594
89,885 '89,988
71,649 r 71 ,746
23,470 '23,459
634
633
4,584
4,600
r
18,242
18,236
10,371 r 10,347
684
683
469
'470
'521
521
'702
706
1,338
1,335
r
1,954
1,947
1,549
'1,545
1,836
'1,829
946
'943
'372
368
'7895
7865
1,671
1,685
49
49
680
682
'1,034
1,023
689
'689
1,522
1,520
1,073
'1,070
154
155
884
883
122
126
84,953 '85,135
5,742
5,745
5988
'5972
19156 '19184
6,672
'6,660
28,854 '28,971
18,538 '18,606
'2,957
2,972
4,357
'4,388
'11,261
11,209
74,108
12,979
72,705
12,467
73,558
12,605
73,399
12,630
73,232
12,578
73,111
12,502
73,033
12,423
71,133
12,236
71,067
12,242
71,437
12,263
72,203
12,309
72,873
12,359
73,623
12,455
'73,558
'12,350
'73,641
'12,449
73,465
12,477
74108
17,472
509
3984
12,979
7379
605
401
433
575
1,048
1,263
1,056
1 225
500
274
72,705
16,533
491
3575
12,467
6988
556
371
405
547
994
1,198
1,004
1,170
482
264
72,679
16,524
486
3562
12,476
6986
555
370
405
547
991
1,191
1,004
1 181
479
263
72,701
16,494
481
3,564
12,449
6964
554
370
404
544
991
1,187
999
1 175
477
263
72,670
16,456
476
3,548
12,432
6945
554
369
405
541
989
1,180
996
1 171
476
264
72,538
16,378
470
3,487
12,421
6931
556
368
402
539
989
1,169
994
1 174
475
265
72,539
16,369
468
3,498
12,403
6913
556
367
401
539
985
1,165
992
1 171
472
265
72,540
16,344
464
3,494
12,386
6,895
557
367
400
535
984
1,162
992
1,161
472
265
72,561
16,348
462
3,487
12,399
6,906
563
365
399
536
984
1,162
988
1 173
471
265
72,592
16,373
461
3,506
12,406
6,909
565
367
400
535
984
1,161
988
1 173
470
266
72,777
16,383
457
3,514
12,412
6,903
565
369
403
535
985
1,165
986
1,164
465
266
72,887
16,407
452
3,545
12,410
6,896
564
369
404
533
985
1,172
988
1,149
465
267
72,859
16,347
449
3,520
12,378
6,876
560
370
404
532
981
1,169
986
1,146
463
265
'72,918
'16,348
447
'3,509
'12,392
'6,867
560
372
403
'532
'979
'1,164
'983
'1,144
'463
'267
'72,748
'16,262
'445
'3,506
'12,311
'6,832
'558
367
'402
'53
'978
'1,161
'979
'1,137
'458
'261
72,746
16,222
444
3,489
12,289
6,821
558
363
403
530
976
1,168
979
1,125
458
261
EMPLOYMENT §
[Thousands]
Employees on nonfarm payrolls by industry:
Total, not adjusted for seas, variation
Private sector (excl government)
Seasonally adjusted:
Total employees, nonfarm payrolls
Private sector (excl. government)
Nonmanufacturing industries
Goods-oroducina
Mining
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
.
Federal
State
Local
Production or nonsupervisory workers on private
nonfarm payrolls, not seas, adjusted
Manufacturing, not seas, adjusted
Production or nonsupervisory workers on private
nonfarm payrolls
Goods-producing
Construction
Manufacturing
. . .
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
See footnotes at end of tables.
'108,466 108,409
'89,785
89,816
'71,635
71,692
'23,364
23,318
'628
629
'4,586
4,565
18,150
18,124
'10,303
10,285
682
'681
465
461
'520
520
'701
701
1,330
'1,333
'1,942
1,946
'1,539
1,538
'1,819
1,805
937
'938
365
'365
'7847
7839
1,672
1,665
'51
50
678
'675
'1,014
1,006
694
687
1,521
1,520
'1,071
1,070
154
153
879
'881
122
123
'85,102
85,091
5,737
'5,728
5952
'5961
19,105
'19105
6,668
'6,663
'28,964
29,036
'18,681
18,593
'2,967
2,974
4,371
'4,376
11,248
'11,338
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
1991
Annual
1990 |
October 1992 •
1991
Aug. |
Sept. |
Oct. |
S-ll
1992
Nov. |
Dec.
Jan.
Feb. |
Mar.
Apr.
May
June |
5497
1,211
37
586
858
517
841
568
103
676
100
56,219
4,795
4,805
16808
4,820
24991
5509
1,222
37
585
857
519
842
567
103
676
101
56,394
4,791
4,810
16874
4,826
25093
5514
5502
1,218
37
582
856
519
840
567
101
683
99
56,512
4,794
4,813
16,874
4,818
25213
July |
Aug.
Sept.
'5479
'1,216
'39
5468
1,208
37
581
842
523
838
561
101
678
99
56,524
4,787
4,784
16,808
4,831
25,314
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
EMPLOYMENT ^-Continued
[Thousands]
Seasonally adjusted-Continued
Production or nonsupervisory workers—Continued
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
5600
1,198
37
594
871
524
874
601
103
689
110
56,636
4,821
4,981
17425
4,876
24534
5479
1,208
36
576
845
518
850
579
103
663
101
56,172
4,798
4,862
16,987
4,818
24707
5490
1,218
38
577
848
518
846
577
103
664
101
56,155
4,800
4,845
16,966
4,804
24740
5485
1,212
37
578
850
518
847
574
103
665
101
56,207
4,801
4,845
16,937
4,801
24823
5487
1,209
37
580
853
517
845
576
103
667
100
56,214
4,797
4,839
16,888
4,804
24886
5490
1,207
36
580
860
518
844
572
103
669
101
56,160
4,797
4,833
16,848
4,809
24873
5490
1,207
37
582
858
518
843
571
103
670
101
56,170
4,794
4,823
16,827
4,809
24917
5491
1,210
37
582
857
517
843
570
103
672
100
56,196
4,794
4,815
16,821
4,813
24953
5493
1,210
37
584
858
516
841
569
104
674
100
56,213
4,797
4,808
16,840
4,819
24949
1,221
37
583
861
521
842
568
102
679
100
56,480
4,790
4,815
16,872
4,826
25177
r
5525
'1,229
37
583
'867
519
r
841
'563
101
'684
'101
'56,570
4,789
'4,800
'16,883
'4,811
'25287
'578
'848
517
'839
'563
101
'680
98
'56,486
'4,770
'4,789
'16,812
'4,813
'25 302
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
Durable goods
Overtime hours
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industn'al machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Instruments and related products
,
Miscellaneous manufacturing
Nondurable goods
Overtime hours
. .
Food and kindred products
Tobacco manufactures $
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products $
Rubber and misc. plastics products
Leather and leather products
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate $
Services
34.5
34.3
34.7
34.3
34.6
34.4
34.4
34.3
34.3
34.4
34.7
34.5
33.8
34.3
34.2
34.6
34.3
34.5
34.2
34.3
34.4
34.6
34.6
34.3
441
444
444
442
440
441
440
38.2
38.1
38.8
39.1
39.2
37.8
37.9
437
367
442
366
443
373
442
382
443
389
434
389
40.8
40.7
40.9
40.9
41.4
40.9
41.1
40.9
41.3
40.9
41.7
41.0
40.6
40.9
40.6
41.1
40.9
41.1
40.4
41.1
41.1
41.3
41.2
41.0
37
41 3
37
37
414
37
37
37
37
36
37
38
39
41
38
38
413
3.7
36
41 1
35
41 3
37
41 3
37
414
37
41 3
35
41 6
37
41 6
37
41 5
38
419
41
41 5
38
41 6
38
'41 6
37
40.2
39.1
42.0
42.7
41.3
41.9
40.8
42.0
41.1
39.5
40.0
38.9
41.7
42.2
41.2
41.7
40.7
41.9
41.0
39.6
40.1
39.0
41.7
42.8
41.4
41.9
40.7
42.1
41.0
40.0
40.2
39.1
41.9
42.6
41.4
42.0
40.7
42.1
41.2
40.0
40.1
39.1
41.8
42.6
41.5
41.8
40.7
42.3
41.0
39.8
40.4
39.1
41.6
42.5
41.4
41.8
41.0
42.1
41.1
39.7
40.6
39.5
41.9
42.6
41.5
41.9
41.1
42.0
41.1
40.0
40.5
39.5
41.6
42.4
41.4
41.8
41.0
41.6
41.0
39.8
41.1
39.7
41.9
42.9
41.6
42.1
41.1
41.0
40.1
42.0
43.0
41.6
42.2
41.2
42.0
41.2
40.0
40.6
40.0
42.4
43.2
41.3
42.1
41.0
41.8
40.9
39.9
40.8
40.0
42.5
43.6
41.9
42.6
41.5
42.2
41.4
40.0
40.1
39.8
42.3
43.2
41.6
42.2
41.1
41.9
41.2
40.0
40.8
40.5
39.6
42.3
40Q
3.6
402
37
403
38
403
38
403
38
404
39
40.6
40.6
40.7
40.7
40.5
40.3
392
391
406
393
41 2
403
412
402
412
41 0
405
38
408
371
414
405
41
40.5
404
37
406
406
41
40.6
405
38
406
394
415
405
39
40.8
404
38
407
385
413
391
41 3
380
41 4
382
41 4
395
413
37.0
43.3
37.2
43.4
37.3
43.4
37.3
43.4
37.3
43.4
37.4
43.5
37.4
43.4
37.2
43.6
37.4
43.6
37.2
44.0
37.3
43.8
37.2
43.7
36
39.9
36.4
43.3
391'
420
41.2
39.9
34.6
34.3
'437
389
40.7
41.0
'40.1
42.5
43.1
41.9
42.1
41.3
'41.5
'41.1
35.0
'34.6
''391
41.1
41.0
40.9
40.8
'37
35
41 1
34
'43.1
'41.5
'42.2
'41.2
'42.2
'41.3
40.1
39.7
403
38
'40.3
'403
'381
41.0
37.2
43.5
'380
'391
40.7
37.2
'38
'40.5
'43.5
379
377
378
376
378
380
381
379
380
381
380
382
381
42.6
44.6
41.1
37.4
42.9
44.1
41.1
37.5
43.0
43.6
41.3
37.4
43.1
44.6
41.2
37.7
43.1
44.1
41.4
37.2
43.3
44.5
41.5
38.1
43.4
43.5
41.5
37.7
43.2
42.4
41.5
37.6
43.4
43.5
41.7
37.1
43.1
43.9
41.7
37.6
43.1
43.5
42.3
38.0
43.4
44.5
41.9
38.2
43.2
43.6
41.8
38.0
'43.1
'43.4
'41.6
38.4
'37.9
38.9
38.1
28.8
35.8
32.5
38.7
38.1
28.6
35.7
32.4
38.7
38.2
28.6
35.7
32.4
38.9
38.2
28.6
36.0
32.4
38.5
38.1
28.5
35.5
32.4
38.5
38.2
28.7
35.6
32.4
38.6
38.2
28.7
36.2
32.5
38.5
38.1
28.7
35.6
32.4
38.7
38.5
29.0
36.4
32.6
38.5
38.3
28.8
36.2
32.6
38.2
38.3
28.6
35.7
32.4
38.8
38.3
28.8
35.6
32.6
38.6
38.1
28.6
35.6
32.4
'38.8
'39.3
'38.5
'28.9
203.20
166.52
1 63
10.21
40.49
11.78
12.27
2945
12.55
48.14
36.69
199.76
162.91
1 59
199.53
163.00
1 58
201.05
163.67
1 50
200.64
163.39
1 50
123.5
109.8
120.5
103.8
622
123.7
102.3
38.0
28.5
34.3
34.3
439
371
'444
'380
43.1
'43.6
41.7
'35.6
36.3
32.4
'32.7
40.2
39.2
42.2
42.4
41.0
41.9
40.9
41.2
41.0
39.5
403
37
40.6
386
41.5
37.1
43.6
380
42.8
44.5
41.3
37.4
38.6
38.1
28.8
35.5
32.2
AGGREGATE EMPLOYEE-HOURS §
[Billions of hours]
Seasonally adjusted:
Employee-hours, wage and salary workers in
nonagric. establishments, for 1 week in the
month, seas adj. at annual rate
Total private sector
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
[1982=100]
Indexes of employee-hours (aggregate weekly): 0
Private nonfarm payrolls, total
Goods-producing
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
See footnotes at end of tables.
64.0
138.3
106.7
105.7
108.1
129.6
114.8
1162
123.4
120.6
144.9
200.22
163.37
156
199.68
162.68
1 54
199.74
162.72
153
200.14
163.21
152
199.45
162.27
149
200.12
162.74
148
201.07
163.97
148
200.10
162.90
1 43
9.29
9.21
9.31
9.20
9.04
9.17
9.04
9.01
9.07
9.15
9.37
9.16
39.04
11.64
12.02
39.12
11.63
12.02
2862
12.41
48.41
36.53
39.07
11.70
12.02
2858
12.48
48.64
36.85
39.02
11.60
11.97
28.42
12.38
48.55
37.00
39.00
11.57
11.98
28.55
12.42
48.64
37.02
38.98
11.58
11.96
28.52
12.54
48.95
36.93
38.79
11.51
11.91
28.53
12.40
48.60
37.19
38.94
11.61
12.02
28.87
12.64
49.09
37.38
38.94
11.54
11.94
28.59
12.63
49.18
37.25
38.91
11.49
11.94
28.52
12.36
48.90
37.38
39.04
11.59
11.94
28.68
12.49
49.39
37.10
38.79
11.56
11.86
28.49
12.38
49.23
37.20
120.6
104.0
120.8
104.1
120.4
103.6
120.4
103.2
120.7
103.5
120.3
102.8
121.2
103.2
121.0
103.5
120.7
103.6
121.7
104.6
120.8
103.3
61.5
60.6
59.7
59.1
58.7
57.8
58.2
58.3
57.6
57.1
55.6
122.9
102.8
100.0
106.7
128.0
113.6
113.5
119.4
118.4
145.5
124.2
102.6
122.7
102.5
120.0
102.5
121.9
102.6
120.2
102.1
119.7
102.7
120.6
102.9
121.9
102.8
125.2
103.3
100.1
107.8
129.4
113.7
113.0
119.6
119.0
149.0
122.4
102.4
2861
12.43
48.29
36.84
99.6
106.1
128.0
113.5
113.5
119.4
118.9
145.2
99.8
99.5
99.3
99.3
98.6
99.5
99.7
99.2
106.6
128.3
114.2
113.5
119.2
119.0
146.0
106.7
127.9
113.0
113.0
118.4
118.4
146.3
107.1
128.1
113.0
113.2
119.0
118.9
146.3
107.2
128.5
113.2
112.9
118.8
119.9
147.0
106.9
128.2
112.9
112.5
118.8
119.0
146.7
107.3
129.3
113.6
113.5
120.2
120.8
147.6
107.4
128.9
112.9
112.8
119.1
120.5
147.9
107.8
128.4
112.0
112.9
118.8
118.3
147.6
99.0
107.2
128.7
113.2
112.4
,118.8
118.4
148.3
'199.92 '201.26
162.69 '164.08
1.45
'1 43
'9.13
9.15
'38.79
'38.61
'11.62
11.70
11.80
'11.93
'28.71
'28.43
'12.26
'12.61
'49.21
'49.93
'37.17
'37.23
198.96
162.30
'121.7
'102.8
'56.4
'121.9
101.9
120.4
102.0
120.8
'103.3
'55.7
122.3
'102.5
99.0
'107.4
128.7
'113.7
111.8
118.4
'117.6
'148.7
98.5
'106.6
'130.2
'114.7
'113.0
'119.6
'120.7
'150.2
1.42
9.07
38.39
11.54
11.79
28.61
12.29
49.18
36.66
55.6
121.0
101.1
97.2
106.4
128.6
113.0
111.7
119.1
118.4
147.9
SURVEY OF CURRENT BUSINESS
S-12 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1992
1991
1990 | 1991
Aug. |
Sept. |
Oct. |
Nov. | Dec.
Mar. I Apr.
Jan. | Feb.
May
June I
July | Aug.
Sept.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
HOURLY AND WEEKLY EARNINGS §
[Dollars]
Average hourly earnings per worker, not seas,
adj.: 0
Private nonfarm payrolls
Mining
Construction
Manufacturing
Excluding overtime
Durable goods
Excluding overtime
Lumber and wood products
.-.
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Excluding overtime
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Average hourly earnings per worker, seas, adj.: 0
Private nonfarm payrolls
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
[Do//ars per hour]
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor
Skilled labor
Railroad wages (average class I)
[Dollars]
Avg. weekly earnings per worker, private nonfarm: 0
Current dollars, seasonally adjusted
1982 dollars, seasonally adjusted ?
Current dollars, not seasonally adjusted:
Private nonfarm total
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
r
1001
13.68
13.77
1083
10.37
11.35
10.86
9.08
8.52
11.12
12.92
10.83
11.77
10.30
14.08
11.29
8.61
1033
1418
13.99
11 18
10.71
11.75
1127
9.24
8.76
11.37
13.34
11.19
12.16
10.71
14.74
11.65
8.85
1029
1413
14.01
11 17
10.66
11.76
11.25
9.32
8.81
11.42
13.43
1121
12.14
10.76
14.77
11.60
8.85
1044
14.32
14.12
1127
10.73
11.88
11.33
9.37
8.86
11.45
1352
11.31
1223
10.81
15.00
11.67
8.90
1043
14.12
14.11
1125
10.74
11.86
11.33
9.31
8.84
11.42
13.48
11.29
1225
10.76
15.01
11.70
8.86
1045
1427
13.98
1131
10.79
11.91
11.37
9.33
884
11.48
13.49
11.35
12.28
10.86
15.05
11.74
8.93
1049
14.50
14.09
11 38
10.85
11.96
11.41
9.34
8.94
11.49
13.49
11.39
12.33
10.94
15.12
11.82
9.08
1050
14.59
14.04
11 29
10.84
11.84
11.39
9.34
8.85
11.46
13.42
11.29
1223
10.87
14.85
11.78
9.06
1052
14.52
13.87
11 32
10.87
11.89
11.43
9.37
8.85
11.42
13.45
11.33
12.29
10.88
14.94
11.77
9.07
1054
14.54
14.03
1136
10.89
11.92
11.44
9.34
8.89
11.49
13.48
11.34
12.33
10.92
14.99
11.84
9.11
1054
14.52
14.02
11 41
10.96
11.95
11.49
9.35
8.91
11.60
13.64
11.40
12.30
10.98
14.97
11.88
9.13
1055
14.45
14.05
11 44
10.94
12.02
11.49
9.40
8.95
11.65
13.65
11.43
12.38
10.99
15.17
11.86
9.10
10.53
14.51
14.09
11.45
10.93
12.04
11.50
9.41
8.99
11.66
13.69
11.43
12.44
11.06
15.18
11.90
9.12
1053
14.47
14.05
1146
r
10.96
12.03
'11.52
9.46
9.00
-11.68
r
13.77
-11.39
' 12.49
11.05
-15.12
11.93
'9.11
10.56
'14.45
'14.19
11.45
10.91
'12.04
11.50
'9.49
'9.04
'11.68
'13.73
-11.41
'12.47
'11.04
'15.22
'11.95
9.08
10.67
14.57
14.18
11.57
11.04
12.14
11.62
9.48
9.11
11.84
13.94
11.46
12.51
11.16
15.34
12.02
9.13
10.12
9.69
9.62
16.23
8.02
6.57
12.31
11.24
13.54
1654
9.76
691
12.97
1079
10.44
9.98
9.90
16.68
8.30
6.77
12.73
11.49
14.02
17.03
10.07
718
13.24
11 15
10.42
9.92
9.84
16.32
8.36
6.82
12.75
11.54
14.01
16.80
10.08
711
1326
11 13
10.48
9.97
9.89
15.74
8.42
6.88
12.83
11.63
14.15
17.16
10.13
720
13.33
1123
10.47
9.98
9.87
15.76
8.40
6.83
12.83
11.61
14.19
17.15
10.10
720
13.26
11 18
10.54
10.04
10.04
16.69
8.46
6.82
12.88
11.61
14.22
17.39
10.14
725
1328
1125
10.62
10.13
10.14
15.75
8.49
6.88
12.98
11.68
14.28
17.48
1023
734
13.38
1133
10.58
10.14
10.08
15.86
8.49
6.83
12.90
11.60
1424
17.55
10.28
737
13.36
11.29
10.58
10.15
10.07
15.96
8.49
6.85
12.88
11.59
14.23
17.92
10.24
739
13.47
1136
10.63
10.18
10.13
16.76
8.51
6.87
12.95
11.68
14.26
17.96
10.27
744
13.38
11.34
10.71
10.27
10.20
17.25
8.56
6.98
13.02
11.64
14.39
17.92
10.33
747
13.43
11.34
10.69
10.22
10.23
17.52
8.58
6.96
13.05
11.66
14.39
17.78
10.33
741
13.39
11,35
10.69
10.20
10.21
18.13
8.60
6.97
13.03
11.67
14.38
17.62
10.36
741
13.40
11.33
' 10.73
r
10.24
10.18
r
18.38
-8.60
6.94
-13.13
-11.76
14.49
- 17.70
'•10.39
r
728
-13.43
11.38
'10.70
'10.18
10.13
'16.21
'8.62
'6.97
'13.07
11.81
'14.45
r
17.68
'10.38
'7.36
13.51
'11.43
10.86
10.33
1026
16.14
8.68
7.01
13.36
11.96
14.70
18.12
10.49
7.38
13.59
11.44
r
675
695
693
703
703
706
705
710
710
711
712
712
710
710
709
9.97
9.83
10.40
1022
10.35
10.13
10.51
10.32
10.47
10.32
10.52
10.39
10.66
10.48
10.66
10.49
10.81
10.54
10.80
10.53
10.75
10.50
10.76
10.47
10.70
10.42
10.73
10.41
'10.83
10.45
10.85
10.60
10.01
1368
13.77
1083
12.97
10.79
675
9.97
9.83
10.33
1418
13.99
11 18
1324
11.15
695
10.40
1022
10.38
1423
14.03
1124
1328
11.20
699
10.46
1028
10.39
1430
14.01
1125
1327
11.21
700
10.51
10.30
10.40
1425
14.01
1127
1324
11.21
702
10.48
10.30
10.42
14.35
13.98
11 30
1327
11.25
704
10.54
10.35
10.46
1443
14.02
11.32
13.34
1127
706
10.62
10.39
10.46
1443
13.99
1127
13.34
11.27
707
10.62
10.41
10.51
14.45
13.93
11 34
13.43
11.33
709
10.73
10.47
10.55
14.50
14.06
1137
13.41
11.35
7.12
10.78
10.50
10.52
14.46
14.03
11.42
13.43
11.29
7.09
10.68
10.46
10.56
14.49
14.09
11.44
13.44
11.37
712
10.76
10.49
10.58
14.52
14.20
11.44
13.47
11.38
7.11
10.76
10.53
10.58
14.50
'14.11
11.45
-13.43
11.38
7.14
10.76
10.53
10.65
'14.55
'1420
11.52
13.54
'11.51
7.15
'10.95
10.61
10.63
14.54
14.07
11.55
13.54
11.42
7.19
10.85
10.58
1833
23.92
16.08
1888
24.76
15.68
1903
24.93
16.06
1907
25.00
15.96
1911
25.09
15.49
1914
25.19
15.10
1914
25.19
16.04
19.14
25.19
16.13
19.14
25.19
16.86
19.24
25.18
16.61
19.30
25.21
17.10
19.32
25.27
16.91
19.32
25.30
16.67
19.45
25.49
- 16.34
19.67
25.68
16.44
19.73
25.75
345.35
259.47
354.32
255.64
356.03
256.32
357.42
256.58
356.72
255.53
358.45
255.85
360.87
257.03
358.78
255.36
363.65
258.27
363.98
257.23
360.84
254.47
365.38
257.31
362.89
254.84
362.89
254.30
'368.49
'257.33
364.61
254.08
34535
60329
52601
441.86
468.76
404.80
504.53
411.10
194.40
356.93
319.48
35432
629.59
53302
455.03
482.93
419.69
512.39
424.82
198.77
37128
331.13
35706
628.79
54359
456.85
484.51
422.01
515.81
425.17
203.05
369.50
331.25
36122
641.54
55209
466.58
496.58
427.58
52120
43123
201.76
378.36
335.40
35879
626.93
55311
462.38
493.38
425.08
511.84
427.08
199.65
371.69
33334
35844
635.02
52844
467.10
495.46
430.03
51128
428.63
200.50
374.51
335.60
36400
648.15
53401
474.55
504.71
436.48
517.81
435.07
205.86
385.89
341.65
35490
633.21
51527
458.37
485.44
424.26
506.34
426.76
197.38
379.50
336.73
359.78
637.43
50764
459.59
488.68
423.20
517.25
433.95
201.64
393.48
342.55
361.52
636.85
523.32
464.62
493.49
427.33
511.12
433.19
201.92
390.96
342.23
36047
633.07
53556
460.96
489.95
425.19
513.03
433.19
203.63
383.78
339.15
362.92
634.36
546.55
470.18
501.23
430.81
518.19
434.71
204.34
383.06
339.23
364.34
635.54
548.10
471.74
50327
432.95
521.26
432.81
205.90
380.92
338.65
"364.34
-625.10
-546.55
466.42
495.64
" 430.27
'526.46
434.72
208.03
'381.99
340.41
369.60
'643.03
'554.83
470.60
"499.66
'434.42
'533.65
'440.06
'209.86
'393.13
'344.85
365.98
642.54
526.08
47321
498.95
440.92
527.29
437.01
208.66
385.18
342.38
722
EMPLOYMENT COST INDEX
[June 1989=100]
Total compensation:
Civilian workers f
Workers, by occupational group:
White-collar workers
Blue-collar workers
Service workers
Workers, by industry division:
Nonmanufacturing
Services
Wages and salaries:
Civilian workers t
Workers, by occupational group:
White-collar workers
Blue-collar workers
Service workers
Workers, by industry division:
Manufacturing
Nonmanufacturing
Services
Public administration
111 5
1122
113.5
114.2
115.4
1121
1103
1123
1128
111 1
1131
1139
1126
114.1
1146
113.5
114.7
1158
114.4
1162
1112
111 7
1138
1122
1122
1123
1146
112.6
1140
113.3
1155
114.0
1147
114.1
1163
114.6
1157
1153
1182
115.8
1100
1106
111 5
1121
1130
1108
1082
1106
111 3
1089
111 3
1122
109.8
111 9
112.8
110.6
1124
113.7
111.3
1134
1093
1102
1124
1106
1103
1107
1130
1109
111.5
111 5
1137
111 9
1122
1120
1143
1124
112.9
1130
1159
1131
HELP-WANTED ADVERTISING
Seasonally adjusted index, 1967=100
See footnotes at end of tables.
128
93
91
92
88
89
90
85
89
93
90
93
92
91
93
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, i963-9i
Annual
1990 |
October 1992 •
1992
1991
1991
Aug. |
Sept. |
S-13
Oct. |
Jan. |
Nov. | Dec.
Mar. |
Feb.
June I
Apr. | May
July I
Aug. |
Sept.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year, number
Workers involved in stoppages:
Beginning in month or year, thousands
Days idle during month or year, thousands
44
40
4
3
6
3
1
0
1
1
3
6
6
1
3
6
185
392
6
4
12
10
1
0
2
3
14
10
239
4
14
13
5,926
4,584
283
272
306
362
416
393
369
367
388
322
738
113
192
569
20184
2,514
2.4
18,058
115,957
161.64
23?99
3,332
3.1
25,446
155,120
169.97
1 519
2,940
2.8
1,911
11,636
169.02
1 359
2,734
2.6
1,681
10,199
170.70
1 735
2,728
2.6
1,831
11,079
17127
2,779
2.6
1,681
10,206
170.79
2603
3,487
3.3
2,183
13,259
170.99
2,923
4,107
3.9
2,724
16,547
171.65
1,887
4,105
3.9
2,476
14,758
173.39
1,775
4,010
3.8
2,664
15,860
173.87
1,656
3,542
3.6
2,398
'14,305
173.88
1,414
3,114
3.0
1,946
11,629
173.70
1,652
3,057
2.9
1,983
11,875
173.22
1,444
'3,019
2.9
'1,899
'11,240
'174.19
1,392
2,707
2.6
1,775
10,531
174.52
UNEMPLOYMENT INSURANCE ?
State programs:
Initial claims thousands
Average weekly insured unemployment, thousands
Rate of insured unemployment, percent @
Total benefits paid, mil. $
Weeks of unemployment compensated, thousands
Average weekly benefit dollars
Federal civilian employees unemployment insurance
(UCFE):
Initial claims thousands
Average weekly insured unemployment, thousands
Total benefits paid, mil. $
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars
Veterans unemployment insurance (UCX):
Initial claims thousands
Average weekly insured unemployment, thousands
Total benefits paid, mil. $
Weeks of unemployment compensated, thousands
Average weekly benefit dollars
131 7
24.1
159.0
1,077.5
148.04
1371
30.7
214.0
1,393.3
153.71
1329
18.4
154.0
131.7
773.3
17058
167.8
926.8
17949
22.4
1891
100
100
141
11 6
143
29.3
17.3
28.6
16.1
31.0
18.8
30.3
17.6
35.5
21.2
113.6
152.68
15.2
22.8
14.2
78.3
18183
104.0
154.46
14.4
25.6
15.5
84.7
18290
120.7
155.50
17.0
28.2
18.6
102.1
181 06
110.9
158.56
14.2
27.9
17.6
95.6
18374
134.0
157.94
20.0
41.6
28.8
15.3
36.6
23.4
145.4
160.90
91
34.7
202
123.4
163.98
9.3
32.6
20.9
127.5
163.67
101
28.0
18.2
110.6
164.27
25.4
53.4
18.3
59.1
19.6
59.2
18.7
56.3
39.5
39.8
43.0
41.5
9.7
25.6
15.9
97.2
163.50
17.6
53.8
38.2
13.8
27.5
17.8
r
2,040
'3,029
2.9
2,049
r
12,342
171.70
17.9
31.6
20.4
125.6
108.5
163.68 ! '162.18
21.8
56.3
41.4
151.7
18987
216.6
18220
'214.4
18545
232.3
18531
224.7
18457
205.9
18535
221.4
18708
43,770
528,124
403 556
221 093
182,483
124,568
43,112
535,802
403,157
221,310
181,847
132,645
41,375
534,540
397939
216,796
181,143
136,601
39,309
538,075
401877
221 480
180,397
136,198
39,335
546,398
400,697
226,667
174,030
145,701
38,384
536,585
394322
223381
170,941
142,263
37,767
544,730
405 597
234447
171,150
139,133
r
10.4
'34.1
'21.1
'131.6
'160.04
'24.6
'61.8
'44.6
233.3
'233.9
r
189 24 '19067
25.2
57.0
44.1
11.9
32.2
20.9
128.5
162.72
26.5
67.0
51.0
263.4
193.60
6. FINANCE
BANKING
[Millions of dollars]
Open market paper outstanding, end of period:
Bankers' acceptances
Commercial and financial company paper, total
Financial companies
Dealer placed
Directly placed
Nonfinancial companies
Loans of the Farm Credit System:
Total end of period
Long-term real estate loans
Short-term and intermediate-term loans
Loans to cooperatives
Federal Reserve banks, condition, end of period:
Assets, total #
Reserve bank credit outstanding, total #
Loans
U S Government securities
Gold certificate account
Liabilities total #
Deposits total
Member-bank reserve balances
Federal Reserve notes in circulation
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held total
Required .
Excess
Borrowings from Federal Reserve banks
Pree reserves
Large commercial banks reporting to Federal Reserve
System, last Wed. of mo.:
Deposits:
Demand total*
. . .
...
Individuals, partnerships, and corporations
States and political subdivisions
U S Government
Depository institutions in U.S
Transaction balances other than demand
deposits
Nontransaction balances, total
Individuals, partnerships, and corporations
Loans and leases(adjusted),total §
Commercial and industrial
For purchasing and carrying securities
To nonbank depository and other financial
Real estate loans
,
To States and political subdivisions
Other loans
U.S. Treasury and government agency
securities total
Investment account
Other securities
See footnotes at end of tables.
54771
557,811
420 398
221362
119,036
137,413
43770
528,124
403 556
221 093
182,463
124,568
44228
534,052
397453
206 702
190,751
136,599
43462
532,107
400292
213516
186,776
131,815
44910
525,624
392 341
211801
180,540
133,283
43,947
529,699
394 731
213 350
181,381
134,968
51457
28767
11223
11467
51262
29255
11389
10618
51 172
29416
10673
11 083
543,172
403,160
226,490
176,670
140,012
540,369
401 189
228,807
172,382
139,180
52242
28775
11 398
12,069
52,098
28776
10650
12671
327,573
353,061
319,763
321,636
333,357
329,519
353,061
333,129
330,347
335,971
332,011
332,729
344,466
347,656
343,638
364,084
262,002
190
252103
11 058
289,394
218
281 831
11 059
261,991
844
254959
11,062
264,528
315
258554
11062
274,061
153
267 675
11,059
271,992
106
265213
11,058
289,394
218
281 831
11059
272,481
112
266 148
11,058
271,536
62
265 423
11,058
274,013
52
267 601
11,057
274,830
115
267 945
11057
277,354
150
271 052
11057
283,729
1 359
276 883
11,060
282,069
256
275 969
11,060
288,180
244
282 153
11,059
303,724
609
296 397
11,059
327573
353061
319 763
321 636
333357
329519
353 061
333,129
330,347
335,971
332011
332,729
344,466
347,656
343,638
364,084
48228
38,658
267,657
49783
29,413
287,906
31200
23,962
275,210
36000
27,404
273,809
44061
25,513
276,792
34129
27,246
282,027
49783
29,413
287,906
40595
29,195
280,117
30,688
281,605
36952
29,480
283,383
32960
27,801
286,457
29527
23,503
289,684
36839
22,740
290,772
40270
25,302
294,107
36206
29,422
295,876
53094
27,665
297,609
59150
57 456
1 665
326
1 362
55532
54553
50607
49,521
1 086
764
622
51 127
50198
53057
52165
55532
54553
55812
54809
55238
54,174
56282
55,254
'50162
'49227
1003
1065
1028
913
965
'935
108
786
192
788
233
771
77
990
91
939
48825
47825
1 000
155
845
49823
48857
979
50455
49318
1 137
90
1 049
49496
48584
892
229
684
284
681
'684
51 527
50522
1 005
287
718
278 721
218,263
9,315
4,831
28,334
255,000
204,158
8,845
2,158
23,508
216,086
174,760
6,609
221,790
177,964
6,984
1,634
20,553
244,247
194,355
8,342
3,397
22,503
255000
204,158
8,845
2,158
23,508
230,582
182,976
7,792
1,787
20,130
233,222
184,674
8,026
1,771
22,077
236,975
188,976
8,059
247,411
194,793
8,031
1,411
24,959
240,649
194,223
7,747
2162
1790
21,004
244,783
194,581
8,107
3,544
21,629
235,901
187,252
8,985
18,887
218221
173,948
7,304
1,610
19,243
21,221
91138
797,701
762,580
101 757
788,004
758,036
90002
791,441
756,847
89,716
784,509
750,959
91751
780,087
748,624
96,188
777,657
746,642
101,757
788,004
758,036
99,453
780,392
749,284
100,503
778,947
746,634
102,383
774,935
744,372
101,466
771,221
740,092
101,775
767,467
735,992
1,027,027 1,015,162 1,015,986 1,008,330 1,007,962 1,027,027 1,015,587 1,013,644 1,015,170 1,014,895
288,696 288,876
298898 297 275 295727 294318 294 246
289 163 286,598
294246
14,104
13,371
14,197
12,672
14,817
14,817
14,315
13,725
14,351
14,096
21,694
22,022
21,832
21,987
22,529
23,032
23,123
22,499
21,961
23,123
402,432 , 400,945 400,247 403,272
402,887
396,910 396,960 396,067 395,619 402,887
18,343
17,221
17,167
17,866
17,876
17,345
16,822
18578
18091
17876
270,988 271,399 271,897
264,474 269,042 262,191
262,776 274,078
272,146
274,078
999,071
283940
14,034
21,372
400,688
16,972
262,065
1,072,019
321 314
13,129
24,462
398,753
21 054
293,307
979
192
788
1299
929
645
586
51 584
50,501
1 083
261
834
1535
251
20,731
240184
193,149
7,784
1 749
20,546
265,732
215,316
8,484
2359
21,839
100,711
758,296
729,710
102,188
754,062
726,714
103,318
749,281
721,372
106,316
739,351
713,747
996,078
280 193
14,198
20,671
399,491
16,380
265,145
984,175
276,467
14,620
20,185
397,707
15,719
259,477
983,304
274996
15,736
20,116
395,266
15,606
261,584
936,072
278,594
15,932
21,665
396,927
15,631
207,323
238,932
282,554
259,765
263,841
276,532
279,824
282,554
284,194
288,374
293,551
291,547
292,835
298,786
302,190
315,333
378,429
177,816
167,790
61,116
225,344
206,837
57,210
203,357
186,968
56,408
207,410
189,404
56,431
220,133
201,209
56,399
223,497
203,402
56,327
225,344
206,837
57,210
228,768
208,104
55,426
233,951
212,090
54,423
239,304
215,998
54,247
237,039
214,340
54,508
239,486
218,174
53,349
245,996
226,889
52,790
248,189
229,185
54,001
259,952
240.364
55,381
323,424
246,763
55,005
SURVEY OF CURRENT BUSINESS
S-14 • October 1992
Unless otherwise stated in footnotes below,
data through 1991 and methodological notes
are as shown in BUSINESS STATISTICS, 1953-91
Annual
1990
|
1992
1991
1991
Aug. |
Sept. |
Oct. | Nov.
Jan. |
Dec.
Feb. |
Mar. |
Apr. |
May |
June |
Aug. |
July
Sept.
6. FINANCE-Continued
BANKING-Continued
[Billions of dollars]
Commercial bank credit, seas, adj.: §
Total loans and securities 0
U S. Government securities
Other securities
Total loans and leases 0
[Percent]
Money and interest rates:
Prime rate charged by banks on short-term
business loans
Discount rate (New York Federal Reserve
Bank) @
Federal intermediate credit bank loans
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U.S. avg.)
Existing home purchase (U.S. avg.)
Open market rates, New York City:
Bankers' acceptances, 3-month
Commercial paper, 6-month $
Finance co. paper placed directly, 6-mo .
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)
2,723.6
4542
1756
2,093.8
2,836.0
5625
1785
2,095.0
2,776.9
5126
1744'
2,089.9
2,789.1
5230
1763
2,089.8
2,805.5
5387
1779
2,088.9
2,822.8
5508
1788
2,093.2
2,838.4
5626
1793
2,096.5
2,849.0
5657
1786
2,104.7
2,849.5
5704
1786
2,100.5
2,855.7
5785
1756
2,101.5
2,868.2
5906
1756
2,102.0
2,865.8
5991
1739
2,092.8
2,870.0
6079
1724
2,089.7
2,869.8
6151
1745
2,080.2
2,882.4
629.8
1749
2,077.6
1001
8.46
8.50
8.20
800
758
7.21
6.50
650
650
6.50
6.50
6.50
6.02
6.00
6.00
698
545
550
520
500
458
411
350
350
350
350
350
3.50
302
300
3.00
9.68
9.73
9.01
9.04
9.19
9.10
9.00
8.93
878
8.78
8.38
8.43
8.28
8.25
8.17
8.02
8.29
8.15
8.21
8.14
8.26
8.26
8.30
8.20
8.15
8.04
7.81
7.78
7.72
7.58
7.93
7.95
7.53
5.70
5.85
5.60
5.54
5.76
5.50
5.38
5.59
5.34
5.21
5.33
5.12
4.85
4.93
4.76
4.42
4.49
4.31
3.97
4.06
3.95
4.00
4.13
3.96
4.19
4.38
4.15
3.92
4.13
3.89
3.76
3.97
3.77
3.80
3.99
3.80
3.32
3.53
3.35
3.28
3.44
3.29
3.10
3.26
3.11
7.510
5.420
5.390
5.250
5.030
4.600
4.120
3.840
3.840
4.050
3.810
3.660
3.700
3.280
3.140
2.970
748,300
742,058
728,818
729,810
729,782
729,758
742,058
733,294
725,882
721,091
718,676
718,420
71 8,599
347466
137,450
92911
43552
45,616
4,822
76,483
339 565
121,901
92254
44030
40,315
4,362
99,631
333 655
128,629
92329
38091
42,014
4,857
89,243
333417
125,299
92605
38070
41,138
4,753
94,528
334835
124,299
92128
38147
41,691
4,529
94,153
333 272
123,228
91849
39460
41,337
4,388
96,224
339,565
121,901
92254
44030
40,315
4,362
99,631
335320
119,206
91894
41 567
39,448
4,377
101,482
330,464
120,280
91469
40015
38,479
4,151
101,024
327 697
118,353
91 164
39454
37,142
3,988
103,293
326 205
118,364
91 339
39553
36,499
4,094
102,622
284,813
232 370
20666
210451
263,108
255895
(3)
3
223,055
268,940
235 302
(3)
3
224,576
267,823 266,747 263,249
237 720 239 577 243349
(3)
(3)
(3)
3
224 267 3 223, 458 3223160
263,108
255 895
261,871
249 320
259,723
245088
259,530
242,267
258,449
242708
2
2
CONSUMER INSTALLMENT CREDIT f
[Millions of dollars]
Not seasonally adjusted:
Total outstanding (end of period) #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
Savings institutions
Pools of securitized asseis
By major credit type:
Automobile
Revolving
Mobile home
Other
Seasonally adjusted:
Total outstanding (end of period) #
By major credit type:
Automobile
Revolving
Mobile home
Other
Total net change (during period) # .. . .
By major credit type:
Automobile
Revolving
Mobile home
Other
727449
727,311
266,620
236,294
3
3 ( )
224,396
-1,512
-2277
1,640
(3)
3
-877
729,225
264420
241,436
264 621
238,987
(3)
3
223,842
138
-1999
2,693
(3)
3
727960
262 383
242,573
(3
(3)
(3)
3
223 055 3???,103
727,799
(3)
(3)
*-554
^73
(3)
3
-365
221 ,196
819
620
212
(3)
3
-992
131
1,503
(3)
3
-l816
221 071 3219294
3
-1475
1,686
3
260,376
245,905
(3
(3)
3
220,020
-991
466
-715
3
71 9,845
r
722,189
324,791
116,138
91 605
37824
36,224
4,193
107,645
324,171
116,690
r
92340
37438
'35,782
4,360
109,064
r
323,899
116,968
r
91 778
37219
'35,552
4,506
'108,643
323,866
117,491
91 500
38791
35,029
4,542
110,970 ZZZ
258,665
243,315
'257,442
r
245,092
'258,104
'244,661
259,897
246,917
(3)
(3)
(3)
3
21 7,311 ' 215,834
722,928
r
'721,820
720,861
259,834
246,220
r
257,339
r
'257,743
247,41 8 '247,332
257,706
247,909
722,919
(3)
(3)
(3)
(3)
3-434
3-742 3-2,479
(3)
-542
315
(3)
J-W
r
-2,495
r
1,198
(3)
3
21 5,375
(3)
3
3
21 7,541 21 6,874 '3 21 8,1 62 ' 21 6,744
'-9 '-1,099
-693
-3,583
-1 749
646
(3)
r3
3
21 7,519 21 6,440
723,821
262,125
245,259
(3
220,762
-223
(3)
727404
261659
245,974
(3)
3
(3)
728,395
263,134
244,288
(3)
-2037
1,137
3
728,618
263,003
242,785
3
3
223 369 223,004 2?2,Q1?
-161
1776 -1265
-201
2,449
(3)
r
(3)
3
21 5,246
-959
'404
'-86
(3)
-M.288 '311,418
-37
577
(3)
3-1,498
FEDERAL GOVERNMENT FINANCE
[Millions of dollars]
Federal receipts and outlays:
Receipts (net)
Outlays (net)
Total surplus or deficit (-)
Federal financing, total
Borrowing from the public
Other
Gross amount of debt outstanding
Held by the public
Federal receipts by source and outlays by
agency:
Receipts (net) total
Individual income taxes (net)
Corporation income taxes (net)
Social insurance taxes and contributions
(net)
Other
Outlays (net), total
Agriculture Department
Defense Department military
Health and Human Services Department
Treasury Department
National Aeronautics and Space
Veterans Affairs Department "...!!..!.!....!...
1
1
1 031 374 1 1 054,265
1
1,251 ,683 11,323,757
1
62,244
78,216
73,194 103,662 104,091
72,917 138,430
120,909 . 79,074
76,426
109,350
62,056
78,068
122,220
102,918
117,126
120,075
116,238 114,660 117,878 106,199 119,755 111,230 123,629 123,821 109,029
-6,887 -36 592 -44,684 -2,537 -15,664 -49,174 -50,712
14,609 -46,786
3,783 -43,146 -24,702
-220 460 -269,492 -43,649
1
1
2,537
15,664
24,702
49,174
-3,783
43,146
43,649
6,887
50,712 -14,609
46,786
36,592 44,684
220,460 1 269,492
1
38,841
28,290
32,574
25,641
22,825
11,449
6,292
33,840
22,318
27,970
40,657
20,938
50,138
263,384
293,239
1
1
14,139
21,141
20,181
-4,253 -27,821
26,101 -16,307
4,681 -19,826
776
20,901 -13,095
25,303 -10,079
6,098
1
1
3,088,71 6 1 3,489,997 3,636,298 4 3,598,919 3,651,127 3,681,196 3,736,276 3,743,534 3,762,074 3,811,671 3,822,222 3,865,111 3,918,787 3,942,569 3,983,735
1 2 351 085 2 628 699 2734682 2 687 859 2,727 824 2 753,465 2,776,290 2,788 596 2,809 534 2 859,672 2 867,085 2 900,925 2,923243 2 950,083 2,988,923
1
11 031 374 1 1,054,265
467,243 11467,649
1
98,086
93,506
76426
34,560
1,306
109,350
47,979
18,580
78,068
39,332
1,171
73,194
31,987
1,516
103,662
41,722
21,719
104,091
60,451
2,992
62,056
22,213
1,220
72,917
19,503
11,742
138,430
67,993
14,198
62,244
12,012
2,691
120,909
53,072
20,784
79,074
35,098
2,732
1
396,010
1
31,504
9056
120,075
3,085
27065
43,271
19,136
34,042
8317
116,238
3,525
21 006
39,616
16,044
28,435
9132
114,660
6,376
22765
42,710
17,457
31,502
8,189
117,878
5,926
24780
44,655
21,486
30,996
9,225
106,199
5,761
23094
43,576
49,929
31,832
8,765
119,755
4,372
24806
44,126
18,296
32,282
6,342
111,230
3,906
23262
43,595
20,185
34,237
7,434
123,629
5,462
22109
43,303
21,375
47,461
8,779
123,821
5,080
22948
45,693
19,756
40,362
7,179
109,029
5,007
23379
44,316
22,801
38,380
8,672
117,126
3,912
24868
49,575
49,230
31,722
9,522
122,220
3,595
29180
48,176
17,536
1
12,429
1
1
13,878
1
31 ,21 4
1,201
3,659
1,148
1,313
1,251
3,048
1,194
4,039
1,308
2,614
1,035
2,445
1,044
3,114
1,294
1,804
1,148
2,898
1,133
2,686
1,151
2,514
1,179
4,010
1,076
1,361
11 061
384.08
11 059
362.04
11 062
356.23
11062
348.79
11,059
358.68
11,058
359.53
11,057
361.06
11,058
354.45
11,058
353.89
11,057
344.34
11,057
338.50
11,057
337.24
11,059
340.81
11,059
353.05
342.96
345.55
4.819
4.040
3.940
4.030
4.100
4.060
3.910
4.120
4.140
4.100
4.030
4.070
4.060
3.950
3.800
3.760
1
380,047
1
90 670
1
1,251
,683
1
46,01 3
1 289 773
1
438,678
'254,597
28,999
1
97 581
1,323,757
1
54,120
1 299 196
1
483,936
1
276,887
78,216
34,715
1,579
33,139
8,782
102,918
3,266
20538
43,333
18,403 ZZZ
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of period), mil.
Price at New York, dol. per troy oz. $$ ..
Silver:
Price at New York, dol. per troy oz. $$ ..
See footnotes at end of tables.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
1991
1991
Aug. |
Sept. |
S-15
October 1992
1992
Oct.
Nov. |
Dec.
Jan.
Apr. | May
Mar.
Feb.
June |
July |
Aug. |
Sept.
6. FINANCE-Continued
MONETARY STATISTICS
[Billions of dollars]
Currency in circulation (end of period)
Money stock measures and components (averages of
daily figures):
Measures (not seasonally adjusted):
M2
M3
L (M3 plus other liquid assets)
Components (not seasonally adjusted):
Currency
Demand deposits
Other checkable deposits |±
Overnight RP's and Eurodollars 0
General purpose and broker/dealer money
market funds
Money market deposit accounts
Savings deposits
Small time deposits @
Large time deposits @
Measures (seasonally adjusted):
287.0
3077
812.0
3,298.3
40928
49322
8604
3,402.7
41605
49858
2355
277.6
291 0
81.2
2595
2801
3128
69.5
333.2
501.1
911 3
1 160.5
5255
362.9
(i)
19800
1 1299
471 9
2934
867.4
8645
8755
9173
8939
918.2
3,409.3 3,404 2 3,4134 3,435 0 3,453.7 r 3,455.6
41602 41452 41500 41691 4181 7 r 41788
"4 978 1 "4 963 6 "4 966 2 "4 996 7 "5 008 3 "49986
2620
2788
3151
67.6
261 7
2786
3187
66.9
2663
291 1
3288
73.8
2631
2837
3206
70.1
360.7
357.4
358.7
(i)
(i)
(i)
'9965 1 1 001 0 M 0133
1 1200 1 1103 1 0971
4502
4678
4605
8665
3,409.8
41567
r
49835
M2
M3
L (M3 plus other liquid assets)
Components (seasonally adjusted):
Currency
Demand deposits
Other checkable deposits $$
Savings deposits
Small time deposits @
Large time deposits @
303.2
3077
1
358.6
(i)
1 028 5
1 0801
441 9
2700
3030
3365
76.3
358.1
(i)
1
1 038 7
1 0634
4355
8720
8809
891 4
8981
3,411.9 3,418.0 3,431.8 3,439.9
41591
41529
41669
4171
0
r
49727 "4 976 3 "4 989 4 r 49881
2629
261 3
2648
2801
2838
2806
3173
3206
324.5
1
994.1 1 1,002.4 1 101 5.0
1 1208 1 111 0 1 0952
465.5
450.0
458.5
2660
2876
3297
1
1,028.7
1 0792
442.3
2673
2895
3332
1
1 042.6
1 0630
437.1
"971.1
954.7
963.3
930.8
944.0
"952.2
3,476.5 "3,489.2 "3,455.0 "3,459.3 "3,463.9 "3,468.4
41968 "41954 "41640 "4,1638 "4,164.0 "4,176.5
50024 "5 026 8 "50269 "49858 "5,001.1 "4,998.0 5,017.5
916.8
r
3,461.8
r
41882
r
r
358.2
(i)
1055 4
1 0461
4249
r
r
269.5
296.4
3432
77.8
267.8
300.0
3425
77.8
1
310.9
1
273.4
312.9
3608
72.8
2710
302.1
3500
74.8
r
"366.7
367.3
(i)
(i)
1 078 1 M 1005
1 0224 1 0032
4194
4135
1
275.7
307.5
3531
69.4
277.3
310.6
3561
72.3
280.8
317.2
3566
72.8
282.9
"319.2
"3602
"76.1
9104
3,447.7
41737
"49806
r
3,474.6
r
41987
r
2694
2939
339.0
1
10612
1 0429
4279
271 8
271 6
3051
3096
3463
3495
1
1,083.9 1 1,098.0
1 0198 1 0028
4207
4130
284.7
325.5
3650
74.3
"361.7
"346.4
343.0
"347.4
"353.3
"349.8
(i)
(i)
(i)
(i)
0
0
1115 7 M 1224 "M 1323 "M 1400 "M 1484 M 1583
941.4
952.7
"925.3
911.5
9658
9843
4024
3969
3883
"3865
3814
4045
951 8
9608
"973.6
9390
9428
9543
3,475.9 "3,471.1 r 3,472.7 "3,463.4 "3,460.8 "3,469.4
"4191 8 "41786 "41783 "41667 "4 163 0 "41738
50091 "50199 "50120 "5 002 3 "50139 i"5 006 3 5 024 0
931 0
r
r
984.1
3,471.2
4170.2
r
2747
3151
3564
M.m^ 1 1,1 22.4
9853
9687
4057
400.9
2736
311 2
350.0
2823
2762 ' 279 0
320 7
311 0 ; 3156
"358.4
"362.7
3567
1
1,1 27.0 1 1,1 34.3 f 1 1,1 45.5
9562
'941 7 ' ; • 9260
395.3
388.5 ; "384.6
989.7
3,479.7
41791
2865
3278
3671
1
1,159.9
9121
379.9
PROFITS AND DIVIDENDS (QTRLY.)
[Millions of dollars]
Manufacturing corps. (Bureau of the Census):
Net profits after taxes all manufacturing
Food and kindred products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Stone, clay, and glass products
Primary nonferrous metal
Primary iron and steel
Fabricated metal products
Machinery (except electrical)
Electrical and electronic equipment
Transportation equipment (except motor vehicles
and equipment)
Motor vehicles and equipment
All other manufacturing industries
Dividends paid (cash), all manufacturing
111 319
16074
429
4817
23412
17,967
-916
2516
583
4,638
11,205
6409
67965
19639
833
2164
20558
10,868
-1602
986
-1439
3359
-2740
4706
17994
5539
214
852
5739
1,592
253
257
17
1 092
-317
-1 315
8676
3971
460
-369
4210
1,889
-1424
-232
-1 148
274
-1,266
1 903
24341
5085
294
796
6268
2,252
-575
401
-140
1 060
1,637
1 847
5065
-552
19,756
62,197
2694
-7607
15,404
60222
85
-1 679
5,699
14654
234
-2658
2,711
15873
196
526
4,694
14,815
127 938
34693
172,576
43809
17,915
7106
13,988
4390
14,034
2203
19,215
853
19,748
1,962
66.0
68.8
69.0
69.5
71.4
71.0
71.1
73.0
10.892.70
12.698.11
924.05
899.00 1,037.61
1,274.73
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
r
15,1 22
"985
r
16,024
r
3422
r
19,301
1,407
"18,139
"3,344
"18,360
"968
"27,942
"8326
"17,558
"2645
20,594
3296
17,134
12689
70.6
71.0
71.7
73.7
75.8
76.1
74.3
1,251.32 1,124.58
924.16
840.52
904.49
999.56
867.62
859.79
r
SECURITY MARKETS
[Millions of dollars, unless otherwise indicated]
Margin credit at broker-dealers end of year or month
Free credit balances at brokers, end of year or
month:
Marqin-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
stoooed sales face value total
See footnotes at end of tables.
28210
8050
19285
880.40 1.104.51
77.1
SURVEY OF CURRENT BUSINESS
S-16 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
1991
Annual
1990
1991
Aug. |
Sept. |
Oct. |
1992
Nov.
Dec.
Jan. |
Feb.
Mar. | Apr.
May |
June |
July |
Aug.
Sept.
6. FINANCE-Cohtinued
Bonds-Continued
[Percent]
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa .. ..
Baa""!"!'"".'.'"".""!
!!
By group:
Industrials
Public utilities
Railroads
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U S Treasury bonds taxable $
9.77
9.23
916
9.03
899
893
875
864
875
881
877
871
8.63
844
8.29
932
956
877
905
875
899
861
886
855
883
848
878
831
861
820
851
829
869
835
873
833
869
828
863
822
856
807
837
795
821
792
817
9.82
1036
9.30
9.26
9.11
9.08
9.01
8.82
8.72
8.83
8.89
8.87
8.81
8.70
8.49
8.34
8.31
980
965
951
949
945
926
913
923
925
921
913
905
884
865
862
9.77
9.76
9.25
9.21
9.16
9.16
9.02
9.03
898
893
874
861
873
877
875
870
823
8.93
8.76
8.67
8.77
8.84
8.79
8.72
8.61
8.64
842
8.99
8.46
8.34
8.19
8.32
7.31
7.25
6.90
7.45
6.85
6.89
6.73
6.80
6.69
6.59
6.78
6.64
6.58
6.63
6.65
6.41
6.74
6.67
677
6.69
6.69
6.64
6.58
6.57
6.42
6.50
5.89
6.12
6.31
6.08
6.33
6.24
874
816
817
796
788
783
758
748
778
793
788
780
772
740
719
708
965.24
2,678.94
211 53
1 040.24
1,048.27
2 929.32
21032
1,170.22
334.59
390.88
28247
43392
140.16
254.32
20285
376.17
445.81
30066
54404
141.95
288.54
24819
389.40
463.26
30928
57651
140.88
295.57
25897
387.20
459.11
30357
56752
142.84
295.12
26441
386.88
457.39
30065
56488
144.54
314.42
29059
385.92
454.97
29410
56832
146.66
315.86
29312
388.51
458.00
29014
59637
148.81
312.73
291 18
416.08
493.37
32061
632.83
149.70
340.35
30220
412.56
490.89
32278
63066
143.06
348.31
30454
407.36
484.86
31767
621 24
139.45
346.73
29838
407.41
484.53
312.79
61742
141.61
344.98
31339
414.81
490.72
31945
61826
147.25
356.62
33510
408.27
481.96
31212
59889
146.79
342.07
32235
415.05
487.16
30935
617.31
153.70
334.44
31556
417.93
490.88
305.32
627.14
149.97
321.77
30561
418.48
493.56
30768
627.04
155.36
323.19
30424
26.12
8550
95.53
34256
29.69
9036
11467
37958
31.48
98.94
129.37
36958
31.43
97.57
125.96
36016
31.27
99.10
126.29
361 93
31.22
96.41
125.65
37683
31.21
92.72
127.76
39232
34.36
105.13
141.08
41266
34.34
11059
145.83
401 84
34.29
10884
14511
39126
33.94
10728
146.09
38542
35.17
117.36
154.88
38381
34.90
115.36
150.34
39063
36.18
118.86
153.07
41577
35.78
112.94
148.87
41750
35.22
109.70
145.81
42470
183.46
225.78
158.62
90.60
133.26
205.48
257.09
173.97
92.26
150.18
213.33
26821
178.51
92.38
157.69
212.54
266.21
177.99
93.71
157.68
213.09
265.68
195.74
95.24
158.94
213.25
264.88
188.52
96.77
159.77
214.32
266.09
185.68
9320
160.04
229.33
286.62
201.55
99.30
174.49
228.11
286.09
205.52
96.17
174.04
225.21
282.35
204.09
94.15
173.49
224.54
281.60
201.28
94.91
171.05
228.54
285.16
207.87
9823
175.89
224.67
279.53
202.02
97.22
174.82
228.16
281.90
198.36
101.17
180.92
230.07
284.44
191.30
103.41
180.46
230.12
285.76
191.64
102.26
17827
40921
430.57
47143
31903
179.36
17017
491 56
549.48
53565
31934
217.09
21825
51325
570.78
54298
339.54
226.77
22768
52056
582.35
53878
34202
229.72
231 95
52892
593.57
531 88
33782
233.23
23618
53658
604.36
55699
328.83
236.64
24047
544.10
617.10
56190
326.63
240.48
23499
61573
707.59
61722
36812
272.66
30141
63205
723.85
62469
38575
279.32
28905
61960
701.75
61756
39351
273.67
28000
58279
642.91
60057
40224
257.56
25679
581.47
630.97
61490
428.79
257.43
25257
56666
608.48
61517
43601
250.86
24357
56872
604.99
64264
45684
251.82
24232
569.00
603.07
67801
461.64
251.98
241 69
580.68
621.06
68503
456.88
257.35
24913
361
310
267
599
219
315
273
595
219
315
275
580
311
273
571
290
255
572
294
258
599
301
263
616
302
263
608
299
263
580
306
269
584
300
265
558
8.96
8.17
3.45
8.03
3.48
7.81
314
274
587
207
338
297
591
256
482
324
282
595
230
369
2.09
3.28
7.81
2.08
3.21
7.62
1.93
2.74
7.54
1.90
2.85
7.54
1.94
2.92
7.64
1.94
2.99
7.75
1.87
2.94
7.61
1.97
3.00
7.53
2.01
2.89
7.47
Stocks
Prices:
Dow Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation, 1941-43=10
unless otherwise Indicated: §
Combined index (500 Stocks)
Industrial, total (400 Stocks) #
Capital goods
Consumer goods
Utilities (40 Stocks)
Transportation (20 Stocks), 1982=100
Railroads
Rnancial (40 Stocks), 1970=10
(subcalegories in 1941-43=10)
Money center banks . . .
Major regional banks
Property-Casualty Insurance
N.Y. Stock Exchange common stock indexes,
1231/65=50:
Composite ....
Industrial ...
Transportation
Utility
Finance
NASDAQ over-the-counter price indexes:
Composite 2/5/71=100
Industrial
Insurance
Bank
NASDAQ/NMS composite, 7/10/64=100
Industrial
Yields (Standard & Poor's Corp.), percenf.
Composite (500 stocks) 0
Industrials (400 stocks)
Utilities (40 stocks)
Transportation (20 stocks)
Financial (40 stocks)
Preferred stocks, 10 high-grade
Sales:
Total on all registered exchanges (SEC):
Market value mil $
Shares sold, millions
On New York Stock Exchange:
Market value, mil. $
Shares sold (cleared or settled) millions
New York Stock Exchange:
Exclusive of odd-lot stock sales (sales
effected) millions
NASDAQ over-the-counter:
Market value, mil. $
Shares sold millions
Shares listed, NYSE, end of period:
bil. $$
Market value, all listed shares, bil.
Number of shares listed, millions
'316
1,069.71 1,067.44 1,087.94 1,082.22 1,077.52
3,006.08 3,010.35 3,019.73 2,986.12 2,958.64
20442
21354
21927
20803
21667
1,204.66 1,182.39 1,283.07 1,237.09 1,233.31
7.93
1,166.27 1,174.23 1,169.58 1,167.58 1,195.56
3,227.06 3,257.27 3 247 41 3,294.08 3,376.78
206.07
21315
21572
20684
20438
1,378.73 1,412.23 1,408.98 1,356.85 1,380.45
1,174.92 1,170.50 1,154.13 1,156.92
3,337.79 3,329.40 3,307.45 3,293.92
220.19
219.07
220.03
21246
1,333.28 1,303.10 1,254.65 1,275.19
1 611 667
53,338
1 776 305
58,031
156668
4,923
127 651
4,085
152760
4,971
157817
5,071
154862
5,391
213054
6,915
177051
5,507
172592
5,529
170,536
5,127
160568
4,802
164,313
5,080
1,389,084
43826
1,531,813
47674
133,673
110,065
3,346
132,782
4,127
136,256
133,722
4,351
182,510
5,440
152,516
4434
149,951
4,386
147,607
4,227
138,059
3,926
143,429
4,240
4010
4175
r
2.62
5.47
2.17
2.94
7.21
163
921 143,874
r
5,155
4,645
142,447
4,299
124,095
3,817
39665
45267
3,773
3,247
4,085
3,727
4,156
5,268
4,292
4,082
4,320
3,666
4,296
4,274
3,647
4,019
377,468
27894
693,854
41264
57,699
3346
55,614
3233
72,688
4,078
64,967
3,708
64,893
3632
108,835
5509
79,986
4264
73,400
4045
78,144
3942
57,296
64,635
3591
53,571
3083
66,871
3126
63,154
3597
2,819.78
90,732
3,712.84
99,622
3,455.05
96,221
3,664.00 3,718.28
100,117 101,214
3,654.92
102,450
3,742.72 3,782.33 3,712.82 3,870.96
103,269 107,148 110,121 111,389
3,806.74
112,519
3,840.63
113,450
3,400.30 3,470.09
97,412
96,519
3,352.40 3,712.84
99,622
98,683
7. FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
[Millions of dollars]
Exports (mdse.), incl. reexports, total @
Seasonally adjusted
Western Europe
European Economic Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kingdom
Eastern Europe
USSR former)
See footnotes at end of tables.
. . .
7.09
393,592.3
421,730.0
112,974.6
98,026.8
10,448.3
13,652.2
18,693.3
7,987.3
13,015.8
23,484.1
118,723.3
103,208.5
10,790.8
15,365.4
21,316.5
8,578.5
13,528.1
22,063.4
4,262.6
3.087.7
4,785.5
3.577.6
33,632.7 34,391.3 37,896.5 36,969.6 34,996.1
34,4642 35,282.7 36,842.1 37,269.0 36,053.0
8,626.4 9,201.0 10,1822 9,978.0 10,178.0
8,678.3 8,784.4
7,514.3 7,927.5
8,828.1
748.2
918.0
832.7
8792
869.1
1,1152 1,302.1 1,176.1 1,285.6
1,326.6
1,511.6
1,625.6
1,740.3 1,791.7
1,621.8
924.4
7522
570.9
624.0
682.5
888.4
1,275.5
861.3
1,364.0
1,275.3
1,7272 1,628.6 2,161.0 1,753.5 1,697.6
321.7
362.1
593.6
494.0
419.6
268.4
357.3
233.8
324.8
503.0
34,468.8 36,859.8 39,784.3 37,172.7 36,695.9 39,0552 ' 35,978.7 34,603.6
35,467.1 37,654.4 37,084.7 36,405.8 35,717.9 38,164.6 r 37,805.5 35,507.2
9,562.0 10,791.5 11,455.0
9,9012 9,648.9 9,484.5
8,744.0 8,678.7
8,542.9 9,373.7 10,201.3 8,776.5 8,523.7 8,215.4
7,664.0
7,660.9
832.3
766.7
793.0
727.9
832.4
864.6
824.3
926.1
1,009.2
1,012.7
1,188.1 1,423.7 1,532.0 1,280.5
1,213.9
1,151.8
1,614.7 1,656.5
1,626.0
1,824.3
1,765.9 1,962.4 2,050.8
1,771.3
727.2
762.2
697.9
772.9
880.4
705.6
838.0
740.0
919.5
1,050.8
983.0
1,163.9
1,231.4 1,114.8
1,020.6
1,523.1
1,918.4
1,794.6
1,815.2 1,655.5 1,652.1
1,903.0 2,342.4
1,986.3
448.0
502.1
415.2
341.4
320.0
418.9
533.7
485.9
220.0
334.9
393.3
299.6
241.7
287.3
290.5
330.9
3711
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
1991
Aug. |
Sept.
S-17
1992
1991
Annual
1990
October 1992 •
Oct. | Nov.
Dec.
Jan. |
Feb. |
Mar. |
Apr. |
June July
May |
Aug.
Sept.
7. FOREIGN TRADE OF THE UNITED STATES-Continued
VALUE OF EXPORTS-Continued
[Millions of dollars]
Exports (mdse.), incl. reexports-Continued
Western Hemisphere:
Canada 0
Brazil
Mexico
Venezuela
Asia:
China .
Hona Kona
Japan
Republic of Korea
Saudi Arabia
Singapore
Taiwan
Africa:
Nigeria
Republic of South Africa
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
Manufactured goods class, chiefly by material
Miscellaneous manufactured articles
Machinery and transport equipment, total
Motor vehicles and parts
83 865 5
29088
3850
69492
4432
3071 8
3574
70277
4603
3 200.1
3902
81950
4546
3,529.6
4938
78472
3854
3,509.9
4753
76660
4307
3,386.3
4548
83975
594.2
3,496.0
4975
621 5
7450
43481
14031
609.7
705.4
1 1448
5806
6838
36020
1 321 1
676.0
703.2
1 2375
5032
6298
36608
1 4734
647.7
648.3
1 0297
4705
6378
6589
6691
44170 43524
1 202.5 1,383.4
621.1
610.6
676.0
764.9
1 141 1 1 2096
5866
6708
35661
1 093.2
809.6
732.8
1 2963
613.1
7042
36661
1,288.2
535.9
792.2
12980
696.8
8308
41638
1,357.0
729.1
1,061.4
1,3046
647
148.8
6754
670
135.2
607.3
1,777.0
979
158.5
806.9
1,780.1
1,861.3
708
180.1
646.3
1,843.4
141.8
624.7
2,097.7
35 972 8
34 654 6
33 333 0
74458
6934
27402
4076
82825
4888
32235
4429
70448
61249
6172
6176
30602
4507
4708
7574
5709
6444
42170
1 2651
5662
692.3
9978
674
142.1
861.4
r
68794
426.7
3,476.6
491 8
6991.5
384.8
3,153.9
493.7
437.5
8642
4,181.0
1,210.6
492.9
808.0
1 099.9
4015.4
1,033.2
498.7
709.2
1,072.2
28 375 3
31072
851025
61541
33 275 6
46682
28428
3703
48072
68406
485848
14 398 7
4,034.8
8,019.1
114823
62868
8 1405
481465
155184
65722
8,807.8
13191 1
7887
40208
1 1630
482.2
592.8
1 2058
1,732.4
8,534.7
13,678.7
8329
2,086.3
84162
190835
682
173.8
7268
14484
375 454 2
400 839 1
31 906 2
38,783.4
341 9140
29 280 0
7,118.6
269849
12,174.8
1 1906
389833
31,670.3
39 285 3
172521.9
26 656 3
38,462.7
362 379 8
295550
2,788.0 2,803.0
3,330.1 3,954.7 3,839.7
289101 29 972 6 32 258 7 31 243 2 29 729 7
24768 24355 26934 28643 26420
498.3
451.7
601 !e
561.6
494.5
19782 22308 23289
18177
1711 9
979.4 1,007.5 1,054.4
956.0
892.8
1106
874
1177
1034
993
3 320.3 3,754.1 3,408.8 3,291.9
3,469.5
3,065.0 2,975.0 3,182.6 2,905.0 2,682.1
36273
34983 36573 40090 3761 1
14,302.7 15,877.2 16,845.9 16,916.5 15,833.5
19889 25300 27872 25556 21237
3,154.9 3,189.8 3,021.0
3,592.0 3,786.4 3,674.9 3,634.3 3,084.1
293058 31 2142 33 965 0 31 697.0 31 565 7 34 120.1 30,571.0 29,894.1
24421 29597 28731 27777 24052 25791 28425 26476
572.7
622.7
580.9
506.7
564.5
454.3
509.3
579.6
1,954.2
1 915.9 1,968.4 2,004.3
22179 22605 2,252 8 2,036.1
959.7 1,015.1
867.5
864.1
817.0
923.5
946.6
1,000.8
118.2
122.1
122.9
126.1
1227
1134
1074
1189
3,512.5
3,594.1 3,466.9 3,807.3 3,751.1 3,873.0 4,006.9 3,700.3
3,157.2 3,073.7 3,058.6 3,129.5 2,879.1 2,992.1
2,946.5 2,895.1
37094 38221 4,3543 3,930.3 3 973.2 4,?2?,5 3,793.2 3,744.2
14,823.6 16,713.6 18,301.9 16,816.4 16,350.8 18,315.0 15,224.0 15,054.3
1 9970 25435 28744 29567 29512 2 963.3 2 148.4 2,261.3
495310.5
487,129.0
108901 1
91 867 5
4,578.5
131240
281087
127233
4,971.9
20 288 2
22752
1 0654
1025965
86 480 9
4,138.7
133721
262293
11,787.4
4,827.0
185196
41,029.9 41,477.8 46,466.0 41,777.9 40,758.3
41 078 2 41 757 3 427122 41 382 4 41 674 5
79179
7921 7
96596 82637 90666
68662 65209 80945 69309 76204
339.7
300.0
445.8
217.3
312.6
1 0039 1 2627
1 0284 10183 1 1533
24605 22176 23955
1 9756 1 9631
755.9 1,055.9
992.8 1,009.0
1 064.3
534.0
378.2
365.3
450.3
503.6
1 4754 15100
1 687.0 1421.6 15687
39,867.2
41 265 9
78676
66660
. 301.9
1 0767
20004
861.1
362.9
1 511 7
91 372 1
7 976.4
30,172.3
94464
5061 9
5515
6,7503
25 462 0
12,033.2
1 1471
42,966.7
35,566.0
431622
187,359.9
281751
67636
6197
5601
3661 7
1 2564
628.9
648.4
1 1203
1052
170.0
767.0
1 740.1
32 700 4
1006
134.1
607.0
1,7897
82.2
97.5
163.0
798.7
1,777.2
1,838.0
327669 35 075 3 37 748 7 35 352.9 34 883 7
89.6
35.8
253.2
674.3
1,662.4
195.3
825.4
1,971.5
37155.8
r
717.7
6821
69.3
225.3
642.8
1,656.9
34,232.6 32,915.1
VALUE OF IMPORTS
[Millions of dollars]
General imports, total @
Seasonally adjusted
Western Europe
European Economic Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kinadom
Eastern Europe
USSR (former)
Western Hemisphere:
Canada
..
.
..
...
Brazil
Mexico
Venezuela
Asia:
China
Hong Kong
Japan . .
.
Republic of Korea .
Saudi Arabia
Singapore
Taiwan
Africa:
Nigeria
Republic of South Africa
Australia
OPEC
By commodity groups and principal commodities:
Petroleum and products
Nonpetroleum products
Food and live animals #
. . . .
Beverages and tobacco
Crude materials, inedible, exc. fuels #
Mineral fuels, lubricants, etc
Oils and fats, animal and vegetable
Chemicals
. . .
Manufactured goods class, chiefly by material
Miscellaneous manufactured articles
Machinery and transport equipment
Motor vehicles and parts
18098
1598
1153
1603
131 5
475
1659
1295
446
502
553
421
580
7,137.5
622.9
2,493.0
7688.3
626.3
2,615.2
5349
8,659.8
624.6
2,939.1
5995
8,457.1
582.0
2,933.3
5545
8,502.4
682.6
2,951.9
5935
8,814.9
701.3
3,161.8
683.9
7,228.0
615.5
2,849.3
737.1
7,816.8
652.9
2,978.3
685.3
1 7039
6374
73835
1 181 3
14368
5926
8 338.0
1 3139
7559
957.9
1 921 1
1,6781
6669
7,776.1
1 3222
7595
8388
18895
1 837.2
7,161.2
1 3358
811 2
20246
2,165.3
8462
7,548.9
14290
1 071 3
1,029.3
21080
2,491.4
942.5
8,114.2
1 6456
9556
893.1
2,209.8
2,598.7
903.1
7,745.9
14765
8598
994.3
2 205.9
119.7
263.7
21552
2666
129.1
300.6
22606
4546
153.2
349.4
23986
5383
137.2
289.2
26175
5736
176.6
326.8
3 075.6
5733
145.6
315.5
3,128.1
506.7
144.5
309.0
2,924.8
1,811.0
349.6
1,091.5
3,489.9
2,021.9
375.6
1,179.0
3,748.3
2,050.2
409.3
1,185.8
4,220.2
1,834.3
465.6
1,163.2
4,467.9
382
781
91,141.1
6,726.8
31,194.3
82284
7,480.0
528.7
2,660.4
6469
7,718.8
494.8
2,683.5
7393
8,592.8
518.3
3,161.2
6706
7,972.1
649.7
2,787.4
7413
7,040.2
536.8
2,408.1
6589
152238
94880
89 655 1
18 493 3
99743
98394
226668
189758
92864
91 582 7
17 024 5
109782
9,976.3
23 036 3
1 8673
8550
77574
14869
1 029 0
7936
21139
1 9323
8860
78442
1 4432
9398
918.3
21490
2222.2
10388
88553
1 571 1
8850
937.6
22119
1 ,961 8
8757
77613
1 4596
1 608.6
7434
80638
1 4179
8051
8152
905.2
1985.5
926.3
20067
74774
1 3683
8967
859.1
20157
59772
1,700.6
4,441.7
380170
53601
1,733.3
4,010.0
32 960 6
5045
137.0
337.4
28581
3800
116.4
380.6
2 781 .9
4564
152.5
311.1
2,901.6
3945
107.9
304.2
2,634.5
3055
116.6
285.5
2,532.5
3406
116.7
364.6
25731
61 3568
433,902.6
21 932.5
4,633.1
14,524.0
64,561.5
802.3
22 468.2
59,914.2
81,477.6
208 095 7
693821
21,952.3
4,822.6
13,079.0
54,342.7
856.7
24 168.7
57,418.9
83,389.6
2107865
67 525 4
1,678.4
415.8
1,077.1
4,890.4
1,743.7
393.7
1,080.3
4,631.5
1,764.0
553.0
1,095.7
4,524.1
1,804.3
421.1
1,057.8
4,292.8
1,900.2
453.1
1,033.2
4,285.0
1,959.1
363.0
1,119.1
3,992.2
-101,718.2
-65,399.0
-8489
36565
450.55
-5981
393.15
452.96
62.4
71.3
81.9
1 918.4 1,937.5
2,250.0
4,590.0 4,638.2 5,357.3
7,525.5 7,716.8 8,962.1
174890 178528 20 455 4
56220 57185 6,981.7
72.4
1,870.3
4,725.5
7,551.2
18287.3
6,079.4
674
70.1
2,202.1
4,501.4
6,919.8
18,233.3
5,768.3
2079
1975
1002
827
8129
r
39,099.4 43,252.1 42,877.9 42,084.6 45,669.4 45,574.9 44,491.5
40 948 3 426683 43,469 0 42,859.2 44,893.2 '45,081.5 44,511.8
81632 91896 92906 86825 9 574.4 9,888.9 8 757.3
69007 77473 78628 7 303.3 8,126.7 8,453.3 7,588.1
294.5
361.3
375.5
404.5
492.8
381.3
335.9
1 2896 1 0966
1 0829 12490 14392 1 0440 1 3170
20276 23968 24869 22852 23330 24393 " 2343.6
1,169.3
1,168.2 1,210.5
8775 1 084.2
957.3
913.6
367.7
369.1
442.1
431.9
441.8
519.3
481.0
1 5382 1 5744 1,5763 1,599.9
1,773.9
1,765.9
1,641.5
5719
1 9038
8431
70.6
2,243.3
4,731.3
7,051.2
169534
5,431.0
7641
708.3
1 7850
1429
65.4
2,150.9
4,463.6
6,757.8
171994
5,523.4
1560
87.4
2,362.7
5,014.4
7,071.6
197166
6,331.9
1408
86.8
2,345.7
5,035.1
6,825.1
190401
6,128.5
1252
7195
8481
74.4
2,134.9
5,060.4
7,026.5
183426
5,973.7
1566
94.2
1631
74.7
1,930.6 1,797.2 1,706.2
499.4
614.7
552.6
1,188.3 1,145.9 1,234.1
4,980.0 5,170.8 4,835.0 —
102.7
74.5
116.8
2,329.2 2,326.3 2,244.3
5,142.9
5,330.3 5,063.6
8,139.2 9,171.9
8,693.7
19594.4 18,508.9 18,681.0
5,829.4 4,951.9 5,144.1
MERCHANDISE TRADE BALANCE
[Millions of dollars]
Trade balance:
Not seasonally adjusted
Seasonally adjusted
[Billions of 1987 dollars]
Seasonally adjusted:
Trade balance
Exports
Imoorts
See footnotes at end of tables.
-7,397.2 -7,086.5 -8,569.5 -4,808.3 -5,762.2
-6614.0 -6,474.6 -5,870.1 -4,113.4 -5,621.5
-643
32.34
38.77
-6.20
33.06
39.26
-5.49
34.35
39.84
-3.93
34.79
38.72
-5.45
33.79
39.24
-5,398.4 -2,239.6 -3,467.8 -5,7052 -5,388.7 -6,614.2 '•-9,596.2 -9,887.9
-5,798.7 -3,293.8 -5,583.6 -7,063.2 -7,141.3 -6,728.6 r-7,276.0 -9,004.6
-5.77
33.35
39.12
-3.50
35.30
38.81
-5.90
34.74
40.64
-7.12
34.28
41.40
-7.09
33.69
40.77
-6.28
36.04
42.33
'-6.62
'35.84
'42.45
-8.30
33.67
41.97
"
SURVEY OF CURRENT BUSINESS
S-18 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990 |
|
1991 I
1991
Aug. |
Sept.
Oct. |
1992
Nov.
Dec.
Jan.
Feb. |
Mar.
Apr. |
May |
July
Aug. |
1151
1076
1163
1151
1063
1166
1149
1026
1170
1246
1252
125 6i
June |
Sept.
7. FOREIGN TRADE OF THE UNITED STATES-Continued
Export and Import Price Indexes
[1985=100]
All exports
Agricultural exports
Nonagricultural exports
All imports
Petroleum imports
Nonpetroleum imports
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight, thous. metric tons
Value, mil. $
General imports:
Shipping weight, thous. metric tons
1138
1088
1149
1232
874
1295
1147
1070
1161
1143
1071
1155
1142
1058
1156
1337
1220
1223
762
748
688
727
727
743
131 6
1304
1307
131 4
131 7
372,052
150737
389,562
162346
32,972
12866
32,171
12658
33,234
14178
495,239
283,392
448,852
272,286
41,121
23,503
40,052
23,269
37,975
25,775
1150
1095
1159
1233
1151
1092
1161
1144
1062
1158
1139
1052
1153
1147
1085
1157
1147
1085
1157
1146
1068
1159
1150
1070
1163
1238
1235
1232
1233
1231
1226
1233
674
655
667
685
738
787
789
781
1323
1331
1336
1331
1323
1320
1327
1334
1340
36,101
13770
35,172
14302
32,709
13388
31,791
13944
31,140
14682
32,230
14216
30,496
13925
34,168
22,866
37,444
22,987
37632
23117
32743
21217
36593
22670
38135
23280
39406
22686
3258
3826
3608
4906
8. TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue) billions
Passenger-load factor percent
Ton-miles (revenue), total, millions
Operating revenues (quarterly) mil $ §
Passenger revenues mil $
Cargo revenues, mil. $ ..
. . . .
Mail revenues, mil. $
Operating expenses (quarterly) mil $ §
Net income after taxes (quarterly), mil. $ §
Domestic operations:
Passenger-miles (revenue) billions
Cargo ton-miles, millions .
Mail ton-miles, millions
Operating revenues (quarterly) mil $ §
Operating expenses (quarterly) mil $ §
Net income after taxes (quarterly) mil $ §
International operations:
Passenger-miles (revenue) billions
Cargo ton-miles millions
Mail ton-miles millions
Operating revenues (quarterly) mil $ §
Operating expenses (quarterly) mil $ §
Net income after taxes (quarterly) mil $ §
45793
624
58342
44780
75984
58430
5432
75023
57055
5508
Class 1 Railroads ?
Rnancial operations, quarterly (AAR), excluding
Amtrak:
Operating revenues total mil $#
Passenger excl Amtrak mil $
Operating expenses mil $
Net railway operating income mil $
Ordinary income mil $ t ... .
Traffic:
Revenue ton-miles qtrly (AAR) billions
Producer Price Index, line haul operations, if2/
84=700
3808
3378
3748
3404
612
617
584
625
565
574
625
600
691
726
4702
4958
4479
4798
4343
4211
4922
4667
3855
61 7
4929
4453
712
5728
5550
6004
3694
20013
15638
1421
18409
14064
1,497
18830
14550
1 391
970
944
217
258
276
77898
-3,995
76815
-1,986
19689
-135
19243
-877
19292
-593
34023
5075
1,489
33241
4946
1,411
57,994
58983
-3411
56165
56691
-1,271
11770
5471
115.39
5259
513
493
17990
18,914
-584
18858
20,124
-715
8671
8484
Urban Transit Industry
Passengers carried total millions
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers number
Operating revenues total mil $
Net income, after extraordinary and prior period
charges and credits mil $
Tonnage hauled (revenue), common arid contract
carrier service mil tons
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight, seas, adj.,
1967=100
4675
626
56889
3305
2576
2766
2498
2812
2450
2384
2800
2638
2784
3247
3591
439
115
418
104
477
123
444
120
398
166
383
126
391
118
434
127
428
130
435
122
440
117
440
122
14,360
14144
-168
13,996
14220
-537
14,313
14249
-48
13.70
11.18
10.42
8.80
9.35
9.54
8.74
1026
9.70
10.71
12.06
13.15
458
42
446
39
507
43
488
49
427
60
390
39
407
37
496
39
463
39
480
38
502
38
498
39
699
681
679
4413
5,022
-340
5653
5,545
32
674
681
766
698
675
4518
5,043
-545
r
688
r
657
r
723
100
100
100
100
100
100
21810
22091
5777
5,840
5,553
6,037
442
314
143
58
82
165
172
178
45
47
47
49
1748
182.1
28 516
27 616
'*94
27845
26949
7,093
6870
7,133
6908
7,049
6831
94
24
24
23
24
24 736
'2676
1
1,953
28062
6763
6158
6664
-38
-92
253
148
8,452
-826
-745
595
587
265
162
1 0340
1 0398
2660
109.3
1092
1
1
1
1075
189.5
109.3
1882
189.6
189.4
185.0
196.0
1939
2670
109.3
109.4
109.3
1983
202.8
202.6
1099
109.9
r
203.8
209.8
7001
6794
2653
1095
201.5
2588
109.9
r
110.0
109.8
2
794
109.8
2
105 2
2
839
110.0
109.9
224
Travel
Lodging industry:
Restaurant sales index same month 1967=100 ....
Hotels' Average room sale, dollars 0
Rooms occupied % of tote/
Motor hotels* Average room sale dollars 0
Rooms occupied % of total
Economy hotels* Average room sale dollars 0
Rooms occupied % of total
Foreign travel:
U 5 citizens' Arrivals (quarterly) thousands
Departures (quarterly) thousands
Aliens' Arrivals (quarterly), thousands
Departures (quarterly), thousands
Passports issued thousands
National parks, recreation visits, thousands ##
See footnotes at end of tables.
1
19 505
19 022
16,908
1
15,024
3689
3376
249
249
56,948
56,750
10,606
6,686
1
1
293
4,913
359
2,070
204
1,565
248
275
340
347
1,594
1,715
2,325
'3,343
313
" 5,1 60
367
308
243
'7,675
'10,376
10,192
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
Ar nual
in BUSINESS STATISTICS, ig&9i
1990
October'1992 • S-19
1992
1991
1991
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
July
8. TRANSF>ORTATIONANC>COMMILJNICATI ON-Coritinued
COMMUNICATION
Telephone carriers:
Operating revenues, mil $ #
Station revenues mil $
Tolls, message, mil. $
Operating expenses (excluding taxes), mil. $
Net operating income (after taxes) mil $
Access lines, millions
9. CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
[Thousands of short tons, unless otherwise indicated]
Production:
Aluminum sulfate, commercial (17% AI203)
Chlorine gas (100% CI2)
Hydrochloric acid (100% HCI)
Phosphorus, elemental
Sodium hydroxide (100% NaOH)
Sodium silicate, anhydrous
Sodium sulfate (100% Na2S04)
Sodium tripolyphosphate (100% NasPsO,,,)
Titanium dioxide (composite and pure)
Sulfur, native (Frasch) and recovered:
Production, thous. metric tons
Stocks (producers') end of period, thous. metric
tons
1,227
11,810
3,013
346
12,030
879
786
532
1,077
1,180
11,324
2,799
312
12,197
993 IZZ
768
"»
(4)
i",093
(2)
'2,709
'664
'77
'2,937
223
166
(4)
'291
287
2,849
724
70
3,044
214
170
319
2,268
728
72
3,129
243
180
273
276
2,733
646
70
2,953
213
186
(4)
334
10,262
9,494
778
771
760
754
791
818
748
797
758
799
798
801
1,423
1,499
1,257
1,470
1,415
1,302
1,499
1,184
1,209
1,130
1,061
1,035
1,018
912
16,958
7,107
2,495
7,749
2,853
12,175
44,281
17,020
7,310
2,230
7,524
3,137
12,342
43,308
18,887
738
5,700
19,418
689
5,460
'5,507
147,840
749,525
462,293
'5,603
'152,183
'758,823
'472,215
'1,387
'39,207
'192,205
'119,806
M2.8
1
124.3
2,908.5
286.5
1
3,622.2
1
426.7
M9.4
1
126.1
'2,913.7
298.1
1
3,925.3
1
396.3
<\7
741.6
77.6
982.6
99.9
1,107.3
36.8
1,198.8
37.4
99.6
49.6
100.0
36.3
106.9
32.6
101.9
36.2
111.4
37.4
111.7
39.1
105.5
27.8
594.9
645.7
297.9
17.2
664.9
702.7
354.6
8.8
56.2
77.0
31.2
12.1
58.3
60.1
32.8
9.6
59.6
48.1
20.3
10.3
55.6
56.9
31.5
9.1
62.3
61.2
33.0
8.8
66.1
61.8
33.6
12.3
47.7
39.8
12.3
15.1
[Thousands of short tons, unless otherwise indicated]
Production:
Ammonium nitrate, original solution
Ammonium sulfate
Nitric acid (100% HN03)
Nitrogen solutions (100% N)
Phosphoric acid (100% P20S)
Sulfuric acid (100% H2S04)
Superphosphate and other phosphatic fertilizers
(gross weight):
Production
Stocks end of period
Potash sales (K20)
Imports:
Ammonium nitrate thous metric tons
Ammonium sulfate, thous. metric tons
Potassium chloride, thous. metric tons
Sodium nitrate thous metric tons
4,212
1,735
537
1,807
743
3,119
11,025
687
4,889
636
346
'4,606
'1,936
569
'2,019
'859
'3,171
'11,140
4,176
1,770
543
1,801
758
3,145
10,916
388
304
4,915
701
454
680
406
5,009
'695
526
:
i
i
779
848
4,607
1,950
611
2,038
927
3,142
10,965
5,092
635
261
Industrial Gases
[Millions of cubic feet]
Production:
Acetylene
Hydrogen (high and low purity)
Nitrogen (high and low purity)
Oxygen (high and low purity)
'1,410
'38,958
'182,611
'120,710
Organic Chemicals §
[Thousands of metric tons, unless otherwise indicated]
Production:
Ethyl acetate
Formaldehyde (37% HCHO)
Glycerin, refined, all grades, mil. Ib. 0
Methanol synthetic
1
3
5.7
299
779.5
69.2
995.6
103.3
'1,333
'38,612
'196,371
'121,384
1,278
39,215
198,360
121 740
<\7
33.2
788.4
27.5
29.0
28.9
26.9
23.0
999.4
102.3
790.8
'28.2
968.2
95.3
ALCOHOL
Ethyl alcohol and spirits:
Production, mil. tax gal.
Stocks, end of period, mil. tax gal.
Denatured alcohol:
Production mil vane gal
Consumption (withdrawals), mil. wine gal.
For fuel use, mil. wine gal.
Stocks, end of oeriod. mil. wine oal.
See footnotes at end of tables.
115.6
109.5
112.6
109.6
39.2
37.3
24.0
37.3
61.7
54.2
33.7
61.3
31.5
19.2
50.6
27.3
19.9
30.8
13.7
19.9
31.8
97.1
19.1
15.2
25.5
Aug.
Sept.
SURVEY OF CURRENT BUSINESS
S-20 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
Annual
1990
|
1992
1991
1991
Sept. |
Aug.
Oct. |
Jan. |
Nov. | Dec.
Feb. |
Mar. |
May
Apr.
June |
9. CHEMICALS AND ALLIED PRODUCTS-Continued
PLASTICS AND RESIN MATERIALS
[Thousands of metric tons/
Production:
Phenolic resins
Polyethylene and copolymers
Polypropylene
Polystyrene and copolymers
Polyvinyl chloride and copolymers
2
943.8
8,550.5
3,524.7
46241
1
4,1 12.9
1
1
1
1
2
1
7,514.0
3,397.2
1,825.3
885.1
1,918.0
8592
1,842.9
8143
1,787.2
901.8
3,977.4
1,0392
1 027.6
1 628.2
1,381.7
2831.5
1 1187
1 0594
r
6534
3,427.0
1 4834
1 1315
812.1
PAINTS, VARNISH, AND LACQUER
[Millions of dollars]
Total shipments
Architectural cnatinrrc
Product coatings (OEM)
Special purpose coatings
M 1,727.7
M9136
r
4 032.6
r
2,781.5
r
r
1 1,707.3
r
4881 9
r
3 976 7
r
2,848.8
r
3,21 8.2
1 4020
M 0250
r
791.2
r
r
r
2 670.6
r
9814
1 0270
r
662.2
r
r
10. ELECTRIC POWER AND GAS
ELECTRIC POWER
[Millions of kilowatt-hours, unless otherwise
indicated]
Production:
Electric utilities total
By fuels
By waterpower
Sales to ultimate customers, total (Edison Electric
Institute)
Commercial §
Industrial
Railways and railroads
Residential or domestic .
Street and highway lighting
Other public authorities
Interdepartmental
Revenue from sales to ultimate customers (Edison
Electric Institute) mil $
2808151
2,528 225
279 926
2 823 025
2,547 508
275516
2 667 321
734584
926,161
5297
910296
14,895
72399
3689
2710674
749 686
921,552
5420
938517
15204
76713
3,582
745612
209303
241,455
1312
268 941
3,465
20185
652 498
180292
229,825
1 348
217039
4,049
18966
666 891
178371
223,865
1 410
239100
3,984
19373
644856
183074
235,065
1 258
202 547
3,607
18702
950
980
787
603
175503
183 361
53094
43078
44131
43675
54539
50058
4269
55442
50883
4340
54916
50440
4257
54442
50883
4340
165
48
171
49
169
50
171
49
9,846
4471
2193
1890
1 120
9,937
4639
2241
1 754
1,122
1,434
2,929
1447
267818
246,071
21747
233710
215,283
18428
223258
205,720
17538
221 203
202,904
18299
233 585
211 710
21 873
243 877
222,342
21535
217 756
199,798
17958
224655
203,101
21 553
210538
191,098
19439
GAS
Total utility gas, quarterly (American Gas
Association):
Customers end of period total thousands @
Residential
Commercial
Industrial @
Other
Sales to customers, total, tril. Btu
Residential
Commercial
Industrial
Electric Generation
Other
' ' ' '
Revenue from sales to customers total mil $
Residential
Commercial
Industrial
Electric generation
171
181
45174
25014
10]610
6034
2963
45316
26060
10,802
5372
2537
553
545
389
251
375
388
31
674
481
274
53
5863
2719
1218
1,025
13368
7871
3,158
1,525
831
70
649
165
11. FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Taxable withdrawals mil bbl
Stocks end of period mil bbl
Distilled spirits (total):
Production mil tex oal
Consumption, apparent, for beverage
ourooses mil wine oal
Stocks end of period mil tax sal
Imports mil proof liters
Whisky:
Production mil tax oal
Stocks end of period mil tax oal
Imoorts mil oroof liters
Wines and distilling materials:
Effervescent wines:
Production mil wine gal
Taxable withdrawals mil wine oat
Stocks end of period mil wine gal
Imports mil liters
Still wines:
Production mil wine gal
Taxable withdrawals mil wine oal
Stocks end of period mil wine gal
Imports mil liters
Distilling materials produced at wineries, mil.
wine oal
See footnotes at end of tables.
20365
18451
1268
1447
1342
1323
1364
1284
1264
1863
1739
1427
359
793
1443
852
909
34630
2825
43874
2680
42230
3070
43739
3316
43752
3963
402 10
11834
37441
42249
1665
1513
1375
20219
18099
1264
7991
371 60
1611
1451
1403
1565
1378
1329
1023
2339
43780
1610
1360
1600
1806
1565
1479
1800
1553
1529
1889
1646
1545
1895
1747
1538
909
958
11 01
718
707
2434
43543
2723
43893
44231
39196
441 87
238
495
666
506
731
709
660
694
37944
36758
37575
37533
341 87
37729
37795
38072
6.18
38075
4.70
331 59
4.48
37714
1.91
1 17
1767
1.82
1 55
2290
1.04
1 53
1777
1.21
1 36
17.76
287
2635
2550
1760
2276
2380
1609
1 63
2024
42715
41725
57636
39439
37641
58009
3129
41534
108.07
110.73
934
4.23
259
288
1.02
223
1.51
443
338
247
2046
1804
1630
1609
1 08
1679
1782
12830
3022
51866
13790
3237
52791
6071
3337
55464
3329
3246
58009
695
469
333
274
502
641
3322
57349
3062
57227
3517
51682
3475
51196
3235
503.61
3083
400.75
32.35
33.07
10.69
4.41
7.02
10.68
4.08
3.36
3.42
3.91
2.52
93
2.32
July
Aug. I
Sept
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990 |
October 1992 •
1992
1991
1991
Aug.
Sept. |
Oct.
S-21
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June |
July
Aug.
Sept.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
DAIRY PRODUCTS
Butter:
Production (factory) mil Ib
Stocks, cold storage, end of period, mil. Ib.
Producer Price Index, 1982=100
Cheese:
Production (factory) total mil Ib
American whole milk mil Ib
Stocks, cold storage, end of period, mil. Ib.
American whole milk mil Ib
Imports, thous. metric tons
Price, wholesale, Cheddar, single daisies (Chicago),
$ per Ib
Condensed and evaporated milk:
Production case goods mil Ib
Stocks, manufacturers', case goods, end of period,
mil Ib
Exports thous metric tons
Fluid milk:
Production on farms, mil. Ib. f
Utilization in manufactured dairy products mil Ib
Price, wholesale, U.S. average, $ per 100 Ib
Dry milk:
Production:
Dry whole milk mil Ib
Nonfat dry milk (human food), mil. Ib
Stocks, manufacturers', end of period:
Dry whole milk mil Ib
Nonfat dry milk (human food), mil. Ib.
Exports, whole and nonfat (human food), thous.
metric tons
Price, manufacturers' average selling, nonfat dry
milk (human food) $ per Ib
1 3022
416.1
71.3
1 3363
5394
69.5
81 9
597.2
70.4
1023
567.1
74.0
1008
543.0
74.4
1294
539.4
70.3
1560
568.6
68.1
1320
630.3
60.6
1299
655.7
60.7
1197
701.7
60.7
1183
734.1
"60.4
1032
766.2
55.6
968
848
629.4
70.4
780.6
55.7
744.0
56.0
6061 2
28908
457.8
3472
60908
28049
415.3
3178
4982
2237
494.1
3922
4850
211 0
477.9
3740
521 0
2264
429.3
3378
5023
2183
409.0
3191
5337
2477
415.3
3178
5141
2455
438.8
3387
4971
231 3
445.9
3480
5427
2464
449.0
3355
5347
2449
450.0
3347
5509
261 8
459.1
3435
5480
2597
465.2
343.4
546.0
2593
497.1
369.9
535.9
2424
487.3
362.4
6026
5431
468
420
468
391
439
463
455
524
540
547
52.4
507
44.3
581
347
111 1
959
663
442
347
506
587
61 0
607
738
826
829
868
125,772
89998
13.74
125,683
90451
12.26
10,352
7253
12.40
9,927
6786
12.80
10,212
7245
13.50
9,926
6725
13.90
10,418
7602
13.80
10,684
8162
13.50
10,230
7620
12.90
11,092
8244
12.50
10,866
8045
12.50
11,258
8376
12.90
10,868
8235
13.20
10,939
8080
13.40
10,773
1751
8792
1068
8775
105
98
11 0
433
487
91
53.3
90
86.0
103
546
802
92
78.1
107
82.8
11 8
82.2
131
89.2
14.5
81.3
137
76.0
15.5
59.2
11 2
1146
85
610
61
687
56
487
60
396
9.2
61.0
7.0
608
8.6
36.9
64.5
62.4
66.2
76.3
10.9
98.4
12.4
112.5
113.6
948
893
895
893
966
991
993
921
932
924
1 011
1 071
1 092
1 132
1.146
823
6.4
8.5
6.8
7.2
13.50
58.7
f\ 3.60
7.9
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat), mil. bu.
Barley:
Production (crop estimate), mil. metric tons
Stocks (domestic), end of period, total, mil. metric
tons
On farms mil metric tons
Off farms mil metric tons
Exports including malt thous metric tons §
Producer Price Index, No. 2 feed, Minneapolis,
1982-100
Corn:
Production (crop estimate, grain only), mil. metric
tans
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, mil. metric
tons
On farms mil metric tons
Off farms mil metric tons
Exports including oatmeal metric tons
. ..
Producer Price Index, No. 2, Minneapolis,
1982=100
Rice:
Production (crop estimate) mil metric tons
Southern States mills:
Receipts rough from producers mil Ib
Shipments from mills milled rice mil Ib
Stocks, domestic, rough and cleaned (cleaned
basis) end of period mil Ib
Exports thous metric tons
Producer Price Index, medium grain, milled,
1982=100
Rye:
Production (crop estimate) mil metric tons
Producer Price Index, No. 2, Minneapolis,
1982-100
Wheat:
Production (crop estimate) total mil metric tons
Sprino wheat mil metric tons
Winter wheat mil metric tons
Distribution Quarterly mil metric tons @
Stocks (domestic), end of period, total, mi metric
tons
On farms mil metric tons
Off farms mil metric tons
Exports total including flour m/7 metric tons
Wheat onto. m/7. bu
See footnotes at end of tables.
2
9.192
2
10.113
6
6
6 656
6
3841
6
2816
7150
4 274
2 876
9579
5900
3678
1083
966
6
6
1170
2
201 53
2
176 29
6
123 80
6
52 49
6
6
97.0
5 189
2
2 278
5
1203
5
1 075
5
5
7.080
1134
1170
1123
1139
1152
9.042
5.639
3.403
2800
4
.983
1 817
r4
1151
1174
1169
100.4
97.4
97.1
97.5
3
11585
6630
49.55
16615
10909
57.07
'3864
M756
^LOB
1148
115.1
95.5
100.8
102.2
108.9
102.9
104.6
110.9
107.0
96.4
88.3
89.0
79.1
90.3
101.1
104.9
3 520
r5
70.4
2
1854
5
885
.968
r5
740
71.1
74.5
763
785
79.2
936
91.1
82.1
88.8
88.2
83.5
7 006
10351
6942
10150
6614
712
514
2871
1 457
518
605
779
554
550
542
500
464
672
471
562
569
440
554
514
513
490
475
552
534
2106
1 904
719
2027
2277
2089
1904
1 788
1 177
1 538
1 249
1 112
970
766
1024
1102
108.9
109.5
109.6
111.3
109.4
111.9
112.1
112.4
111.1
104.1
99.7
101.3
2
2 248
703
733
835
258
665
2
107.9
27.95
15.38
12.57
69.56
38.55
31 .02
3
3
2 485
5
1 341
5
1 144
761
2
101 9
r4
4700
2221
2480
189 86
16615
6
109 09
6
57 07
100.9
2
7150
4274
2876
7447
19 20
55 27
6214
2
2
2
2
2
6
5193
6
20 77
6
31 16
6
879
74.7
850
53.91
16 56
37 34
6743
22 15
1645
1548
39.29
6
15 37
6
23 91
55.54
2253
3300
39.29
1537
23.91
24.15
750
16.65
1289
M
12.84
394
8.90
4
r4
56.88
26.31
30.56
SURVEY OF CURRENT BUSINESS
S-22 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, i963-9i
Annual
1990 |
1992
1991
1991
Aug. |
Sept.
Oct.
Nov.
Dec.
Jan. |
Feb. | Mar.
Apr. |
May |
June |
July |
Aug. |
Sept.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat—Continued
Producer Price Indexes:
Hard red winter, No. 1, ord. protein (K.C.),
1982=100
Hard red spring, No. 1, ord. protein (Minn.),
1982=100
Wheat flour:
Production:
Flour ihous sacks (100 Ib)
Millfeed thous sh tons
Qrindings of wheat, Jftot/s. bu.
Stocks held by mills, end of period, thous. sacks
(100 Ib)
Exports thous metric tons
Producer Price Index, 6/83=100
.'.
86.3
78.1
77.5
80.5
89.0
905
982
105.5
113.4
106.6
101.0
97.8
104.0
88.9
81.2
88.4
91 1
82.1
795
841
927
932
1018
1074
1175
1123
1079
1117
1181
1003
949
1039
354348
6109
788,186
362311
6436
808,966
31 825
570
71,169
30089
537
67703
32246
582
72219
32735
594
73445
29238
527
65656
29445
526
65965
29498
534
66,157
29542
529
65,701
29438
527
66313
29152
521
65806
29060
521
65735
6267
5660
100.2
94.5
104.6
98.9
100.9
23740
24966
562
306
6336
5522
5660
6083
94.1
96.3
100.1
97.5
102.7
109.7
116.4
111.5
110.3
2220
2040
2363
1958
1982
2225
1950
2172
579
264
949
626
1003
667
990
653
644
305
579
264
650
325
681
354
310
295
310
310
300
280
275
.280
188.6
191.6
16.2
15.7
16.4
16.1
16.7
15
15
21
16
10
16
13
16
16
17
12
15
21
16
760
714
713
688
679
687
1 742
32391
1 398
31887
108
2843
115
2635
127
2855
6734
9006
6918
8974
7093
8860
7,098
7,177
51 11
22.0
r
109.2
110.8
2169
2166
2312
2328
2219
700
393
754
430
808
487
920
580
1015
662
1026
675
280
285
285
305
.305
330
340
16.4
15.4
16.8
16.2
16.4
15.8
16.4
16.4
20
20
25
19
28
20
27
19
34
19
30
21
29
19
22
20
739
591
557
557
574
520
560
530
579
125
2508
131
2491
128
2,856
111
2377
120
2599
108
2525
103
2688
105
2863
106
2802
107
2,721
8,292
7,744
7,708
8,144
7,153
7,934
7,610
6,897
7,166
7,461
7,494
4676
4351
3829
19.9
189
16.6
16.6
15.2
16.1
156
16.4
181
188
19.1
449
471
469
422
481
503
374
419
427
400
POULTRY AND EGGS
Poultry:
Slaughter mil Ib
Stocks, cold storage (frozen), end of period, total,
mil. Ib
Turkeys, mil. Ib.
Price, in Georgia producing area, live broilers, $
per Ib
Eggs:
Production on farms, mil. cases §
Stocks, cold storage, end of period:
Shell, thous. cases §
Frozen mil Ib
Price, wholesale, large (delivered; Chicago), $per
doz
r
r
.305
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves thous animals
Cattle thous animals
Prices, wholesale:
Beef steers $ per 100 Ib
Steers stacker and feeder $ per 100 Ib
Calves vealers (So St Paul), dollars
Hogs:
Slaughter (federally inspected), thous. animals
Prices:
Wholesale, average, all weights (Sioux City), $
per 100 Ib
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hoc.)
Sheep and lambs:
Slaughter (federally inspected), thous. animals
Price, wholesale, lambs, avg. (San Angelo, TX),
$per100lb "
7889
9215
82,901
85,952
5472
22.5
21.4
5,469
5,504
5404
438
456
501
5431
5325
51 20
r
18.8
19.3
MEATS
Total meats (excluding lard):
Production mil Ib
Stocks cold storage end of period mil. Ib.
Exports (meats and meat preparations), thous.
metric tons
Imports (meats and meat preparations), thous.
metric tons
Beef and veal:
Production total mil Ib
Stocks cold storage end of period mil Ib
Exports thous metric tons
Imports thous metric tons
Price, wholesale, beef, fresh steer carcasses,
choice (600-700 Ibs )(Central US) $ per Ib
Lamb and mutton:
Production, total, mil. Ib
Stocks, cold storage, end of period, mil. Ib.
Pork (excluding lard):
Production total mil Ib
Stocks cold storage end of period, mil. Ib
Exports thous metric tons
Imports thous metric tons
Prices: '
Producer Price Index, hams and picnics, except
canned 12/88=100*
Fresh loins, 8-14 Ib. average, wholesale
(Omaha) $ per to *
38606
566
39584
662
3425
578
3308
593
3708
633
3324
650
3284
662
3622
708
3088
691
3376
725
3259
707
3235
692
3422
669
3441
646
3406
595
22,950
306
23,223
292
2,099
265
1,964
282
2,142
303
1,839
313
1,809
292
2,067
336
1,732
306
1,876
320
1,811
309
1,924
310
2,063
306
2,039
300
2,004
293
357
8
362
6
27
6
29
t
32
6
2*
31
6
31
2f
32
8
33
(
25
10
27
11
27
12
25
10
15,299
234
16,000
311
1,299
282
1,316
281
1,534
300
1,456
308
1,444
311
1,524
341
1,329
353
1,467
372
1,414
363
1,287
345
1,332
323
1,374
307
1,378
269
118.6
114.6
115.8
114.7
105.2
104.2
105.9
105.6
104.3
105.2
108.4
108.
1 1752
115.8
113.8
117.1
1 1754
1 0585
1 0087
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports (including shells),
thous metric tons
Coffee:
Imports total metric tons
....
From Brazil metric tons
U S Import Price Index 1985=100
Fish:
Stocks, cold storaae. end of period, mil. Ib.
See footnotes at end of tables.,
593
546
343
380
532
351
387
385
394
380
41 7
471
524
372
344
326
321
313
305
332
375
—r.
108.8
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
October 1992 •
1992
1991
1991
Aug. |
Sept.
Oct.
S-23
Nov. |
Dec.
Jan.
Feb.
Mar.
Apr.
1126
1202
1124
1202
May
June |
July |
Aug. |
Sept.
110.4
120.4
110.4
120.4
111.7
120.9
112.8
119.8
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
MISCELLANEOUS FOOD PRODUCTS-Continued
Sugar:
Exports, raw and refined, metric tons
Imports, raw and refined, ihous. metric tons
Producer Price Indexes:
Raw (cane) 1982=100
Refined, 1982=100
Tea, imports, metric tons
1192
1141
121.4
1141
1212
1137
1216
M626
M660
3674
3744
178742
523094
2233
193778
516338
16549
42337
20,974
43430
18535
40464
15542
57123
15781
8173
32744
35718
13777
39584
48518
12572
43622
13896
39012
51 667
2133
206
*193
193
191
157
139
156
181
162
'165
217
161.3
161.8
163.4
162.8
' 163.9
163.9
164.2
163.2
164.2
143.7
126.4
120.4
143.7
126.6
121.5
144.0
126.4
121.5
145.0
126.7
121.5
145.0
126.9
123.1
3,911
3,807
1142
1208
1144
1206
1135
1204
1126
1200
1124
1201
r
1114
M199
122.7
TOBACCO
Leaf:
Production (crop estimate) mil Ib
Stocks, dealers' and manufacturers', end of period,
mil Ib
Imports, incl. scrap and stems, metric tons
Manufactured products:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt millions . . . .
Taxable millions
Cigars (large) taxable millions
Exports, cigarettes, millions
3744
3428
3276
3560
11 040
17,461
12. LEATHER AND PRODUCTS
LEATHER
Exports:
Producer Price Index, leather, 1982=100
177.6
168.4
201648
168633
165.8
163.4
161.5
162.4
162.8
LEATHER MANUFACTURES
Footwear:
Shoes, sandals, and play shoes, except athletic,
thous pairs
Slippers thous pairs
Athletic 'tfjous pairs
Other footwear thous pairs
Exports thous pairs
41 184
Producer Price Indexes:
Men's leather upper, dress and casual,
1982=100
Women's leather upper, 1982=100
Women's plastic upper, 1982=100
33436
41859
40903
41809
29126
3620
28537
8803
3563
29,569
8585
3655
525
519
494
9113
3405
2482
1358
1410
1417
120.9
113.4
124.0
115.2
124.7
116.8
141.7
124.7
116.8
140.8
124.7
116.9
141.4
124.5
116.9
1422
1446
1450
1438
124.5
116.9
125.1
117.1
126.2
119.9
126.1
119.9
143.8
126.4
119.7
4,121
3,862
3,632
962
931
960
996
2,900
2,701
'2,951
2,811
3,682
3,565
'3,936
3,803
r
13. LUMBER AND PRODUCTS
LUMBER-ALL TYPES*
[Millions of board feet, unless otherwise indicated]
National Forest Products Association:
Production total
Hardwoods
Softwoods
Shipments total
Hardwoods
Stocks (gross) mill end of period total
Hardwoods
Softwoods
Exports total sawmill products
Imports total sawmill products, thous. cubic meters ...
2
2
2
r
58834
10213
33,763
3808
3682
3933
3,473
3254
3836
3628
863
825
937
828
816
862
831
952
2,945
2,857
2,996
2,645
2,438
2,974
2,797
3,169
46,083
10 102
35,981
43,860
9844
34,016
3,926
3,676
4,012
3,477
3,370
3,912
3,693
4,078
890
813
966
808
843
904
869
899
921
3,036
2,863
3,046
2,669
2,527
3018
2833
3127
2778
2696
'3,037
2882
4,734
4,616
4,793
4,786
4,741
4,710
4,616
4,603
4,567
4,608
4,730
4,731
4,678
4,606
8,749
452
8,751
8,798
8,009
504
7,908
7,957
669
655
665
612
683
734
532
750
626
617
739
599
646
447
671
698
449
644
653
468
675
646
451
621
629
504
580
630
586
654
652
481
641
637
528
748
703
542
643
612
465
644
694
532
659
676
492
642
639
461
630
677
781
773
723
725
729
774
805
669
745
748
701
137.3
138.0
143.3
148.7
164.1
169.8
171.1
M67.8
161.0
166.8
171.5
54638
9 480
45,159
2
2
894
860
951
SOFTWOODS
[Millions of board feet, unless otherwise indicated]
Douglas fir:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross) mill end of period
Exports total sawmill products thous cubic meters
Sawed timber thous cubic meters
Boards, planks, scantlings, etc., thous. cubic
meters
Producer Price Index, Douglas fir, dressed,
1982=100
See footnotes at end of tables.
772
723
138.0
139.6
761
752
131.7
139.2
176.6
SURVEY OF CURRENT BUSINESS
S-24 • October
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990 |
1992
1991
1991
Aug.
Sept.
Oct.
Nov.
Dec.
Feb. |
Jan.
Mar.
Apr. |
May |
June |
July
Aug. |
Sept.
13. LUMBER AND PRODUCTS-Continued
SOFTWOODS-Continued
[Millions of board feet, unless otherwise indicated]
Southern pine:
Orders new
Orders unfilled end of period
Shipments
Stocks gross), mill and concentration yards, end of
period
Exports total sawmill products cubic meters
Producer Price Index, southern pine, dressed,
1982=100
Western pine:
Orders new
Orders unfilled end of period
Production
. ..
Shipments
Stocks (gross) mill end of period
Producer Price Index, other softwood, dressed,
1982=100
1 072
1 201
1 086
1 035
758
709
719
674
684
1 169
1,204
1250
1 288
1 083
1 126
1 177
1 189
1 180
1 134
1,067
1024
1 170
r
1 205
1156
1238
2071
2084
2134
2125
2081
2069
2114
2 158
2125
2043
134.2
126.1
123.3
127.3
888
520
765
810
12287
1 113
1 070
1 169
697
571
666
678
648
12,911
1
12 763
12,367
12415
1,049
1 091
1 039
1 060
2197
2134
2122
2102
111.0
111.0
112.6
110.1
10582
9535
r
740
571
903
849
1 425
671
992
972
M2827
1
109.3
1 003
r
1 264
r
741
1 295
800
111 0
113.7
117.7
1285
133.9
135.7
841
577
736
757
695
523
756
749
878
524
880
877
669
470
755
723
746
441
790
774
891
471
832
863
690
442
743
719
1 274
1200
1 224
1 179
160.6
1545
1485
152.1
136.6
483
493
10452
10605
1211
9510
9525
1 196
879
529
891
895
853
543
854
839
868
552
818
859
732
536
743
748
699
493
688
742
1281
1296
1255
1250
1 196
1 175
1 182
1 185
1 217
126.3
130.0
1322
129.4
1284
1301
1352
1425
1570
1673
1707
M679
15.8
199.9
115
131
131
150
158
163
182
182
137
147
141
18.0
18.6
16.6
16.1
19.1
16.3
19.4
17.7
18.4
147
17.3
18.5
17.3
20.1
15.8
21.1
89
84
80
76
77
68
71
16.5
99
82
73
70
75
63
447
676
3
427
779
3
362
917
4
357
744
4
389
707
2
369
969
2
376
775
2
297
937
1
336
645
2
1 325
HARDWOOD FLOORING
[Millions of board feet]
Oak:
Orders unfilled end of period . .
Shipments
Stocks (gross) mill end of period
83
205.3
100
77
77
14. METALS AND MANUFACTURES
IRON AND STEEL
[Thousands of short tons]
Exports:
Steel mill products
Scrap
Pig iron
Imports:
Steel mill products
Scrap
Pig iron
.
Iron and Steel Scrap
[Thousands of metric tons, unless otherwise indicated]
Production
Receipts net
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
IrrtDorts
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports (domestic)
Stocks total end of period
At mines
At furnace yards
At U.S. docks
Manganese (manganese content) general imports
Pig Iron and Iron Products
[Thousands of short tons, unless otherwise indicated]
Pig iron:
Production (including production of ferroalloys)
Consumption, thous. metric tons
Stocks, end of period, thous. metric tons
Castings, gray and ductile iron:
Shipments total
For sale
Castings, malleable iron:
Shipments total
. . ..
For sale
See footnotes at end of tables.
4,303
495
723
1
606
585
2
486
668
1
427
973
4
1032
1 152
1230
1312
1 576
1 132
1 288
1 584
1425
1 394
1 390
1 438
101
39
105
25
123
52
98
43
108
33
83
4
84
69
125
75
112
18
165
21
90
61
90
37
144
56
1 697
3143
4924
3,862
1724
3,170
4,996
3,831
1777
3,333
5,109
3,877
1761
3045
4855
3,937
1 736
3,132
4880
4,250
1846
3526
5249
4,285
1845
3333
5226
4,243
1901
2530
5520
4,210
1 907
3,409
5,392
4,190
1 704
3415
5432
4,170
M 825
3493
r
5371
r
4188
1 767
3226
5097
4,170
91.79
88.79
90.22
89.12
84.80
84.32
84.32
85.14
86.61
87.24
85.90
83.72
83.66
83.95
56408
57,010
18,054
55516
54,967
13,335
5210
5,506
1,180
4844
5,963
1,367
4582
5,421
1,168
4290
4,673
1,494
4840
5,835
1,445
4735
2,480
4376
1,745
4412
2,532
4845
5,431
367
386
759
5133
6,056
1,564
4624
5,941
1,453
4771
6,049
1,282
4630
6,186
752
73797
73,681
3199
21,569
4,795
15910
2,273
65,133
63,658
4045
25,445
4,853
17,611
2,981
6,617
5,564
7,075
5,579
6,232
5,641
2,897
5,776
2,156
5,720
2836
5,970
6,997
5,823
7565
5,588
7,273
5,669
278
158
231
75
3
5,604
5,809
723
475
540
708
628
24,329
8,305
14098
1,926
25148
7,096
15768
2,284
6,612
5,669
1 020
25,117
6,256
16,711
2,150
6,065
5,739
109
25,358
5,873
17,030
2,455
25,445
4,853
17,611
2,981
24,527
7,131
14,843
2,553
23,162
9,864
11 309
1,989
20922
11,745
8175
1,002
20,550
11,159
7,991
1,400
21,501
10,236
9,161
2,104
22,492
9,027
11,157
2,308
23,046
7,763
12,769
2,514
21,721
6,438
54,925
50,019
130
48,503
44,638
214
4,121
3,961
4,175
3,960
4,251
3,989
4,300
3,712
4,338
3,830
4,390
4,228
4,175
4,157
4,524
4,379
4,400
4,290
4,444
4,307
4,232
4,162
4,347
4,308
4,299
159
157
166
202
214
227
219
184
211
222
211
214
8259
6,270
7174
5391
290
169
261
140
12765
6,346
10301
16
17
17162
1424
15741
1 183
383
479
23083
39624
63705
3,989
21 300
35773
57,828
4,250
105.46
r
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990 |
Aug. |
Sept. |
Oct.
S-25
Sept.
1992
1991
1991
October 1992 •
Nov. |
Jan. |
Dec.
Feb. |
Mar.
Apr.
May
June I
July
Aug.
14. METALS AND MANUFACTURES-Continued
Steel, Raw and Semifinished
[Thousands of short tons, unless otherwise specified]
Steel (raw):
Production
Rate of capability utilization percent
Steel castings:
Shipments, total
For sale total
Steel Mill Products
[Thousands of short tons]
Steel products, net shipments:
Total (all grades)
Byproduct:
Semifinished products
Structural shapes (heavy), steel piling
Plates
Rails and accessories
Bars and tool steel total
Bars- Hot rolled (including light shapes)
Bars* Reinforcing
Bars' Cold finished
Pipe and tubing
Wire-drawn and/or rolled
Tin mill products
Sheets and strip (including electrical), total
Sheets- Hot rolled
Sheets* Cold rolled
By market (quarterly):
Service centers and distributors
Construction incl maintenance
Contractors' products
.....
Automotive
Rail transportation
Machinery industrial equipment tools .
Containers packaging ship materials
Other
[Millions of short tons]
Producing steel mills, inventory, end of period:
Total
Steel in process
Finished steel
Steel service centers (warehouses), inventory, end of
period
87310
7386
7457
84.0
742
752
78.5
1,133
1 031
1,001
908
98015
7711
780
7461
78.0
7347
7754
7432
8043
7875
7968
7584
7545
7526
74.4
80.5
82.4
83.5
85.3
83.5
82.1
78.9
78.7
6,118
7,101
84,981
78,868
6,954
6,746
7,499
6,427
6,313
6,872
5,722
6,938
642
520
568
21
550
486
543
17
642
548
599
37
522
498
539
27
1 154
593
4<M
112
402
79
359
1 162
594
450
115
360
69
336
3,222
3,696
1,162
982
1 141
1,003
1,253
1,175
6,093
7,945
519
14727
7878
5305
486
13214
6902
4934
1486
1 326
4652
4488
918
864
1215
626
457
128
337
80
345
1063
551
400
108
302
64
310
3,102
1 090
970
6,867
6,471
6,949
6,751
7,105
6,693
6,786
498
400
538
59
511
481
622
58
543
479
548
56
587
422
635
59
627
445
628
68
571
470
588
47
563
450
414
36
555
478
637
36
580
472
575
32
1 030
534
395
97
300
52
371
1 099
600
361
132
347
75
277
1 027
543
356
123
298
77
267
3,177
1 096
1,033
1 167
619
413
130
375
86
344
1 075
590
355
125
328
87
331
3,361
1,128
1,099
1 062
579
354
124
1 155
637
380
132
382
79
392
1 139
581
437
115
338
78
344
1 106
518
416
113
335
73
354
364
75
351
3,221
1,042
1,035
4032
39,784
13388
13,199
4040
36,244
12987
11,356
18250
17485
4484
4685
5165
4872
7391
6814
2261
1 790
605
2,416
155
379
1 087
1 684
570
1 697
613
1 897
607
2,901
250
433
1 100
2793
10444
901
2104
4474
38,378
14.0
3,208
9,445
837
1 648
4278
36,100
12.9
13.1
3,398
1,008
959
1,154
1,111
3,426
1,133
1,145
2,604
2,656
207
355
250
414
941
1051
8,888
9,280
13.0
2,870
12.4
8,859
12.9
12.7
13.0
13.4
13.3
3,390
3,087
3,259
1,079
1,082
1,017
1,007
1,090
1,029
8,965
13.4
13.3
13.0
2
1 614
2
589
217
2
738
67
142
353
2
2
2
2
2,974
13.1
8.1
5.9
75
5.4
77
5.3
7.7
5.4
72
5.2
7.2
5.5
7.5
5.4
7.5
5.5
7.5
5.8
7.5
5.9
7.5
5.8
75
5.9
7.4
5.6
7.3
5.8
67
59
57
53
56
56
5.9
59
60
61
5.8
5.9
5.8
6.0
344
204
320
199
343
191
330
199
342
202
330
190
339
190
209
931
21 5
971
250
946
268
963
260
878
260
NONFERROUS METALS AND PRODUCTS
[Thousands of metric tons, unless otherwise specified]
Aluminum:
Production primary (dom and foreign ores) ..
Recovery from scrap
Imports:
Metal and alloys crude
Plates sheets bars etc
Exports:
Metal and alloys crude
Plates sheets bars etc .
. . . .
.Price, U.S.. market, 99,7% purity, monthly, average,
$ per Ib
Aluminum products:
Shipments:
Ingot and mill prod (net ship ) mil Ib
Mill products total mil. Ib
Sheet and plate mil Ib
Castings mil Ib
Inventories,' total (ingot, mill products, and scrap),
end of period mil Ib
Production:
Mine recoverable copper
Refined from primary materials
Electrolytically refined @
Electrowon
Refined from scrap
Imports, unmanufactured:
Refined unrefined scrap (copper cont )
Refined
Exports:
Refined and scrap
Refined
Consumption refined (reported by mills etc )
Stocks refined end of period
Price, avg. U.S. producer cathode, delivered, $ per
Ib &
See footnotes at end of tables.
4048
2393
4121
2210
350
203
336
190
347
195
337
174
343
167
9596
3403
1 0247
2565
890
188
866
218
904
21 9
81 0
224
880
185
6798
4377
7928
508.7
801
546
429
680
807
55.4
50.0
34.5
67.3
31.0
50.8
48.5
43.8
47.8
49.7
52.1
38.6
49.9
33.6
49.9
7404
5946
5766
5575
5246
5241'
5034
5367
5820
5928
6103
5999
14761
11 964
15298
1371
1265
1241
1 034
649
943
607
987
608
1,343
1,098
702
M298
r
2049
975
624
1,307
1,014
688
1264
7501
1 389
1 048
677
1276
11 667
7514
1 905
4013
3913
4028
4008
3992
3923
3,872
3876
3899
3971
1,5872
1 5766
1,634.4
1 ,577.4
1 1362
3935
440.8
4412
131.5
134.3
951
392
141.3
141.0
992
418
131.7
1 1832
141.3
132.1
936
385
M45.6
r
1036
r
420
417.8
33.0
28.5
37.3
32.1
441 3
261 7
4420
2886
31 3
174
326
229
59.2
387
268
32.0
6472
6797
2632
2058
562
179
184
102
41 3
17.9
202
111
429
154
168
120
1.1111
1.1134
1.1003
1.0297
101
132
493
209
191
112
1.2316
1.0933
1.0597
2112
2150
363
13.4
1374
986
388
1007
r
874
568
3913
r
148.9
134.5
949
133.7
136.7
127.9
124.1
\ 123
686
r
r
r
1318
Mr 068
1294
687
1 058
696
4,032
MOOS
3869
393
362
35.3
34.1
39.8
34.8
36.7
37.6
35.2
45.0
44.6
37.6
180
226
245
319
252
253
521
574
486
399
342
305
21.7
18.4
10.8
12.3
11.7
180
117
197
122
192
123
189
116
1.0503
1.0618
1.0474
1.0493
39.6
32.6
975
r
154
132
r
184
124
r
1.0910
r
r
880
r
r
143.0
r
5842
1,267
1 074
691
141.5
140.3
MOO 2
400
r
151.3
134.4
91 2
M32
r
1390
935
455
39.4
199
114
2
2
2
1 592
2
607
2
208
2
898
2
60
2
135
2
363
2,778
SURVEY OF CURRENT BUSINESS
S-26 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1991
Annual
1990
1991
Aug. I
Sept. [
1992
Oct. |
Nov. | Dec.
Jan. [
Feb. |
Mar. [
340
71 5
99
993
340
665
152
AprTy
May [
31 2
71 0
177
985
31 5
733
157
960
June]
July |
Aug. |
Sept.
678
683
14. METALS AND MANUFACTURES-Continued
NONFERROUS METALS AND PRODUCTSContinued
[Thousands of metric tons, unless otherwise specified]
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products mil Ib
Copper wire mill products (copper content), mil. Ib.
Brass and bronze foundry products mil Ib
Lead:
Production:
Mine recoverable lead
Recovered from scrap (lead content)
Imports, ore (lead content)
Consumption, total
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
Refiners' (primary), refined and antimoniaJ (lead
content)
Consumers' (lead content) 0
Scrap (lead-base, purchased), all smelters
(gross weight)
Price, common grade, delivered, $ per Ib. @@
Tin:
Imports (for consumption):
Ore (tin content) metric tons
Metal unwrought unalloyed metric tons
Recovery from scrap total (tin content) metric tons
As metal, metric tons
Consumption, total, metric tons
Primary metric tons
Exports (metal) metric tons
Stocks pig (industrial) end of period metric tons
Price, Straits quality (delivered), $ per to
Zinc:
Mine prod., recoverable zinc
Imports:
Ores (zinc content)
Metal (slab blocks)
Consumption (recoverable zinc content):
Ores
Scrap all types
Slab zinc:
Production total *
Exports
Stocks, end of period:
Producers', at smelter (ABMS)
Consumers'
Price high grade, $ per Ib.
M659
*8837
101.3
128.9
1
1,275.2 rl 1,246.3
M740
!
9229
r4
4
41 1
700
1019
361
723
1027
389
746
280
707
261
759
106.9
102.4
927
360
761
136
1025
1083
r
224
723
163
r
1035
338
71 4
r
959
53.9
68.8
757
731
74.5
70.9
688
71 5
714
671
700
655
679
697
255
865
91
720
91
354
66
333
41
302
45
320
91
461
98
508
158
541
21 6
536
252
604
289
626
265
r
633
266
679
201
.4602
167
.3348
129
.3286
139
.3339
149
.3462
135
.3448
122
.3465
122
.3449
142
.3429
167
.3430
173
.3438
133
.3427
r
33810
17275
186
44,363
36900
658
4829
3.8629
29102
3173
3052
531
15
4,300
3300
105
2493
356
0
4,000
2900
59
3024^
3.5427
2752
529
17
3,800
2800
249
3022
3.6786
2542
499
18
3,800
2800
119
3369
3.7574
2027
544
17
3,800
2800
136
2844
3.7525
1 940
535
18
3,800
2800
232
2877
3.8683
1 877
543
17
3700
2700
113
3319
522
15
4,100
1 960
530
15
4,000
3000
61
6544
3.6076
2151
6181
203
49,000
36900
970
3024
3.6285
3100
71
6739
3.6506
6616
3.5862
472
16
4,100
3100
63
6347
3.5519
2901
4.0270
164
.3633
131
.3453
562
17
474
17
3800
3800
186
3344
4.5323
r
3800
r
2800
'2651
4.3167
r
4.4188
515.4
518.6
474
49.5
39.0
33.4
38.0
41.5
488
477
403
407
46.7
6317
45.4
5491
2.1
466
1.5
514
1.0
553
1.0
61 6
5.3
539
1.0
650
45
520
106
526
39
588
23
503
20
397
24
2549
24
2528
2
21 1
2
21 1
2
21 1
2
21.1
2
21 1
2
21 1
2
21 1
2
21 1
2
21 1
2
21 1
2
21 1
2
21 1
2078
991.0
58
1944
136
158
175
162
166
176
168
180
172
902.0
55
78.0
79.3
85.9
84.2
6
4
82.0
93.8
77.2
85.0
89.9
4
173
760
6
177
76.9
6
165
800
4.6
389
.5277
2.9
354
.4836
3.7
356
.4978
3.7
345
.4856
4.5
358
.5464
4.6
389
.5729
5.8
381
.5450
6.0
41 6
5289
6.7
370
.5695
5.3
370
.6053
5.7
395
.6317
4.8
454
.6375
4.5
369
.6239
.6495
4.6
61 0
.7459
3
4
3
4
5
4
4
40 4
461
r
r
174
181
4.5
3.8
MACHINERY AND EQUIPMENT
[Millions of dollars, unless otherwise specified]
Industrial heating equipment, new orders (domestic),
Electric processing heating equipment
Fuel-fired processing heating equipment
Materials handling equipment, dollar value bookings
index 1982=100
Industrial supplies, machinery, and equipment:
New orders index seas adj 1987-100 .
Industrial suppliers distribution:
Sales index not seas adj 1990=1 00
Inflation index, not seas. adj. (tools, material
handling equipment, valves, fittings, abrasives,
fasteners, metal products, etc.), 1977=100
Fluid power products shipments indexes:
Hydraulic products 1990=100
Pneumatic products 1990=100
Machine tools:
Metal cutting type tools:
Orders new (net) total
Domestic
Shipments, total
Domestic
Order backlog, end of period
Metal forming type tools:
Orders, new (net), total
Domestic
Domestic
Order backloa. end of oeriod
See footnotes at end of tables.
4330
896
4040
837
21 3
138
685
733
135
131
1084
21 7
440
14.1
1403
87.9
1333
131 9
1351
1415
1622
158.9
132.8
1329
160.1
1350
1793
1540
1532
121.1
107.5
107.6
109.7
107.6
110.0
106.3
102.3
110.8
116.1
115.1
1128
118.1
1251
128.2
1.0000
.9552
.9670
.9369
1.0616
.8974
.8617
.9854
9298
1.0213
.9997
.9648
10221
.9408
.9708
199.8
199.5
199.8
90.9
1040
90.0
11 4
1861
189.4
195.9
196.5
196.3
196.3
196.8
195.9
197.6
198.1
198.5
199.2
199.5
100.0
87.9
84.1
87.7
90.3
86.9
979
971
108.3
978
969
96.9
1061
93.3
1048
89.5
993
78.3
92.5
87.7
1000
81.8
95.7
2 070.30
1,771.95
2,329.60
2,004.45
1,164.0
1,893.95
1,549.20
1,871.80
1,595.35
1,186.2
126.40
117.30
137.35
121.85
1,116.5
174.05
150.25
166.80
140.90
1,123.8
155.85
133.90
177.30
155.35
1,102.3
161.55
140.85
144.35
118.70
1,119.5
283.65
241.35
217.00
181.65
1,186.2
15855
153.40
106.25
97.50
1,238.4
159.60
140.65
140.25
121.80
1,257.8
183.40
163.20
215.45
185.70
1,225.8
158.00
134.25
156.45
130.50
1,227.3
10935
96.50
124.40
100.30
1,212.2
14550
124.75
161.15
139.80
1,196.6
894.40
76055
970.30
851.10
304.4
748.15
546.35
801.65
624.60
250.9
109.35
8705
46.00
30.75
242.2
70.75
56.30
49.90
36.05
263.0
68.80
51.35
58.45
48.35
273.4
69.15
41.35
85.90
76.90
256.6
59.25
43.45
65.00
52.90
250.9
58.85
5085
53.55
38.05
256.2
56.65
4535
60.75
46.60
252.1
59.40
4765
71.05
52.30
240.4
61.50
5605
42.85
34.65
259.1
49.80
3760
45.10
33.40
263.8
65.95
5020
78.30
62.80
251.5
959
r
r
96.7
1050
r
985
95.7
1020
15460
142.70
M3310
r
110.10
1,218.1
74.80
131.70
107.25
1,177.9
21270
169.20
203.40
167.20
1,187.2
50.75
3740
50.90
44.10
251.3
68.75
6085
39.75
33.15
280.3
71.15
61 60
54.30
49.10
297.2
r
9150
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990 |
October 1992 •
1991
1991
Aug. |
Sept. |
Oct.
5-27
1992
Nov. | Dec.
Jan.
Feb. | Mar.
Apr.
May |
June |
July
Aug.
4405
1,502
4367
1,404
4770
1,344
5557
1,524
5526
1,783
6099
1,929
Sept.
14. METALS AND MANUFACTURES-Continued
MACHINERY AND EQUIPMENT-Continued
Tractors used in construction, shipments, qtrly:
Tracklaying (ex. shovel loaders), units
Tracklaying (ex shovel loaders) mil $
Wheel (contractors' off-highway) units
Wheel (contractors' off-highway), mil. $
Shovel loaders units
Shovel loaders, mil $
8,303
1 0730
4058
349.0
57766
19596
ELECTRICAL EQUIPMENT
[Thousands]
Batteries (auto -type replacement) shipments
Radio sets, factory sales, domestic market t$
Television sets (incl. combination models), production,
total market $$
Household major appliances, industry shipments #
Air conditioners (room)
Dishwashers
Disposers (food waste)
Microwave ovens/ranges
Ranges
Refrigerators
Freezers
Washers
Dryers including gas
Vacuum cleaners (qtrly )
65187
21,585
66585
18,530
6545
1,682
6962
2125
6833
2213
6773
1 768
5729
1,380
4351
1388
5116
1,585
21,779
19,649
1,569
2,249
1,846
2,009
2,300
1,257
1,586
1,821
1,489
1,619
1,869
1,402
1,933
2,448
43,194
4150
3637
4137
8126
3444
7101
1296
6,192
4320
11082
40,997
2807
3571
4002
7234
3309
7273
1414
6,197
4,313
10970
3,247
3,324
3,515
3,251
3,143
3,163
3,220
4,107
3,842
3,846
4,035
3,671
3,664
3,855
63
301
355
548
273
673
138
525
345
12
286
459
610
280
666
137
513
351
103
272
349
698
253
466
90
512
386
227
268
294
680
251
477
91
502
356
523
331
350
689
300
614
128
602
435
545
321
298
618
302
640
120
508
357
557
293
304
650
270
657
132
495
356
380
321
416
628
301
788
176
553
388
243
300
311
620
281
813
205
486
340
106
310
389
736
289
660
166
575
394
5
329
458
787
305
716
135
625
449
1950
2,429
3906
2057
2,401
3936
196
189
295
152
213
364
142
209
335
166
224
204
193
224
"339
22
342
312
739
319
648
118
593
418
31
306
280
854
295
513
106
485
373
3095
76
296
338
696
282
492
125
468
360
2913
2620
GAS EQUIPMENT (RESIDENTIAL)
[Thousands]
Furnaces warm air shipments
Ranges, total, shipments
Water heaters (storage) automatic shipments
238
211
302
239
245
378
208
226
314
224
215
370
153
181
361
163
187
356
158
208
364
15. PETROLEUM, COAL, AND PRODUCTS
COAL
[Thousands of short tons, unless otherwise specified]
Anthracite:
Production
Exports thous. metric tons
Producer Price Index, 1982=100
Bituminous and lignite:
Production
.
Consumption total
Electric power utilities
Industn'al total
. . .
Coke plants (oven and beehive)
Residential and commercial
Stocks, end of period, total
Electric power utilities . . .
Industrial, total
Oven-coke plants
Exports excluding lignite thous metric tons
Producer Price Index, 1982=100
3506
3175
313
285
346
217
235
209
194
203
180
199
183
105.5
105.6
104.7
104.7
105.1
106.3
106.3
106.4
106.4
106.4
105.7
'105.2
105.2
105.4
105.4
105.9
1025569
896 427
990972
88851
81533
90307
81 730
79383
84683
78938
82425
79630
77555
77314
79712
83329
82536
773549
116154
39824
6,724
772 315
81244
71919
8939
2,916
73943
64652
8971
2932
61 948
63830
66718
158813
158605
158004
94.7
96.5
95.2
62.1
60.6
63.1
168,210
156166
12,045
3329
158004
387
320
163,244
153231
10,013
2891
164,004
154051
9,952
2695
299
238
208
95984
97.3
97.1
9563
96.5
9577
96.5
8386
95.8
9618
97.0
96.2
93.6
94.4
93.6
94.7
"945
95.3
27616
40332
24046
41493
3583
6256
3418
3503
3512
6117
3815
3710
3266
3565
3523
3676
3720
1918
1,674
2107
1,856
2172
1,912
244
252
260
1,436
1,953
1638
1,622
1,635
1,888
1,953
1 977
2084
2,026
2198
2354
2267
70.9
4,981.3
87
61.9
4,930.4
86
60.4
434.2
89
60.4
416.5
88
66.3
406.7
83
64.0
394.7
84
55.1
422.0
87
51.3
407.0
84
53.5
369.7
81
51.0
412.0
85
56.0
403.0
86
r
59.2
429.3
88
64.3
428.6
92
COKE
[Thousands of short tons, unless otherwise specified]
Production:
Beehive and oven (byproduct)
Petroleum coke §
Stocks, end of period:
Oven-coke plants total
At furnace plants
At merchant plants
Petroleum coke
2107
1,856
252
PETROLEUM AND PRODUCTS
[Millions of barrels, unless otherwise specified]
Crude petroleum:
Producer Price Index, 1982=100
Gross input to crude oil distillation units
Refinerv ooeratina ratio % of capacity
All oils, supply, demand, and stocks:
New supply, total 0
Production:
Crude petroleum
Natural oas olant liouids
Imports:
Crude and unfinished oils
Refined products
Change in stocks all oils
Product demand total
Exports:
Crude petroleum
Refined oroducts
See footnotes at end of tables.
6,208.7
6,129.8
548.6
507.4
517.1
502.3
509.2
520.1
461.8
500.8
514.6
516.3
500.6
26847
5983
27070
6392
2268
2306
55.0
2198
2263
2283
2138
540
555
565
521
2268
55.9
2187
530
221 0
51 6
220.4
rc
55.6
2142
53.6
23251
6008
22756
5080
2200
191 1
1893
1825
1832
1974
1806
1946
436
422
-37
-506
5586
-354
5290
-304
5553
459
-67
443
-37
380
-74
5297
5691
561 9
2007
41 3
11 5
5313
2005
487
17
24.3
33
28
38
20.3
25.6
24.0
392
65129
64657
397
424
272.4
322.8
41
33.5
1565
393
375
-230
5143
-161
5487
539
37
6
33
7
31.8
24.0
25.0
27.4
399
205
383
8
5362
5366
33
242
25.5
32
SURVEY OF CURRENT BUSINESS
S-28 • October 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990 |
1991
Aug. |
1991
Sept.
Oct. |
1992
Nov. | Dec.
Jan. |
Feb.
Mar. |
May
Apr.
June |
July |
Aug. | Sept
15. PETROLEUM, COAL, AND PRODUCTS-Continued
PETROLEUM AND PRODUCTS-Continued
[Millions of barrels, unless otherwise specified]
All oils, supply, demand, and stocks—Continued
Domestic product demand total #
Gasoline
.
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants .. . .
Asphalt
Liquefied petroleum gases
Stocks, end of period, total
Crude petroleum
Strategic petroleum reserve
Unfinished oils, natural gasoline, etc
Refined petroleum products:
Gasoline (incl. aviation):
Production
Stocks, end of period
Prices, regular grade (excl. aviation):
Producer Price Index, 1982=100
Retail, U.S. city average (BLS):
Leaded $ per gal
Unleaded, $ per gal.
Aviation gasoline:
Production
Stocks end of period .
Kerosene:
62008
531 5
5264
2244
2155
34
876
342
441
4.1
103
33
957
405
463
4.2
71
35
5327
2343
2133
5269
2264
15.5
1 1025
16.9
1 0661
4485
5556
4226
.5
859
384
537.1
53.4
1622
616.3
21.1
49.4
2
859
322
452
4.8
208
8
945
319
462
4.7
188
51.5
50.5
54.6
59.7
1,620.6
908.4
585.7
1,617.0
1,648.0
1,662.9
1,644.0
1 6472
1,617.0
8931
913.8
9091
9107
9120
8931
568.5
568.5
5685
5685
5685
5685
1 6084
9097
5685
145.4
147.1
157.5
147.1
1519
5767
5767
159.2
5741
154.8
5668
162.3
5914
5803
5767
25484
25540
2254
173.4
1683
2109
1750
2285
1833
211 7
1793
2099
1824
69.2
69.2
71.4
69.9
1.143
59.7
176.3
568.0
80.3
1.149
1.164
Stocks, end of period
Producer Price Index (light distillate), 1982=100 .
Distillate fuel oil:
Production
Imports
Stocks, end of period
Producer Price Index (middle distillate),
1982=100
Residual fuel oil:
Production
Imports
Stocks end of period
Producer Price Index, 1982=100
Jet fuel:
Production
Stocks end of period
Lubricants:
501 9
2108
61006
26317
5054
26496
4.3
25
986
358
424
4.6
73
9991
5031
2182
5088
2267
31 4
59.4
52.2
1 569.3
1 5808
9148
9071
5685
5685
1536
1589
5468
5088
1833
2190
1928
70.1
67.0
1.123
5078
2244
7
853
319
412
5.6
154
10
920
1 5854
3
809
300
431
4.6
207
51.0
46.2
1 602.1
9164
1,601 3
9118
5685
5685
1555
1531
1569
5032
5089
5364
5507
1963
191 4
2081
1829
2093
2209
1841
1873
2167
1896
606
599
604
64.5
1.079
8945
5695
r
73.3
79.1
79.7
788
75.9
1.136
1.179
1.175
1.158
1.158
66.5
64.2
63.8
646
633
65.3
45.5
49.2
50.5
2
()
1.140
1.140
'1.122
1.134
8.0
16
8
17
8
17
.7
17
4
16
163
56
140
58
4
50
8
57
11
64
75.4
65.9
62.1
66.6
65.5
1 081 0
918
91 6
942
64
75
78
138.3
144.5
143.5
1015
1322
407
458
47
58
593
5204
21
939
381
403
4.3
60
419
4.8
114
468
8.5
17
10675
Stocks, end of period
Asphalt:
Production
Stocks, end of period
Liquefied petroleum gases:
Production total
At gas processing plants (L P G )
At refineries (L R G )
Stocks (at plants and refineries)
47.8
1000
4897
2037
748
52
71
143.5
1314
140.1
1.073
1.054
1.058
.5
16
7
18
5
16
6
16
5
15
16
17
21
13
10
59
58
47
48
42
7
38
8
38
6
40
68.7
63.6
54.4
59.0
55.8
57.0
61.2
63.5
931
963
874
777
853
886
91 1
900
70
60
60
920
47
1085
67
977
56
1267
96.5
1043
7
14
8
16
735
652
621
654
676
71 0
622
544
573
560
590
621
655
346.6
28.7
25.1
25.2
26.9
32.6
29.9
26.8
499
186
458
144
481
136
483
136
490
170
499
430
307
121
404
27.0
486
299
109
443
277
1838
341.1
1654
103
383
102
400
100
399
57.2
49.1
44.0
57.4
51.9
40.5
45.2
37.9
40.2
35.3
38.8
43.7
46.3
543.2
525.0
46.1
44.9
43.9
43.0
47.4
419
381
41.2
476
497
477
481
488
447
438
385
41 6
431
488
429
418
521
454
448
612
570
45
42
4.7
12.2
12.1
12.3
45
122
50
123
52
124
44
12.7
48
123
45
12.3
47
127
4.9
12.4
11 1
10.6
1640
18.7
1568
22.3
177
249
169
144
106
90
18.4
19.9
22.3
77
248
81
22.0
27.7
95
305
125
321
141
320
27.6
6384
4562
6831
542
390
152
560
420
140
561
42.5
123
923
1189
1163
1174
1075
136
923
562
427
135
782
551
399
152
676
628
427
201
725
634
41.3
1956
588
401
187
536
4875
1822
220
846
655
425
230
993
979
14 1
41 4
157
630
409
221
1097
16. PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
[Thousands of cords (128 cu. ft)]
1
Receipts
Consumption
Inventories end of period
1
99 304
99 109
5961
98659
98242
5688
8351
8419
5,100
8125
7871
5,501
8,602
8293
7,839
7966
8086
7935
8194
8166
8101
8411
6,126
8,095
8006
5,688
8,824
8626
6,122
5,717
5711
5,655
5580
8693
5,594
20,981
22,733
1,956
1 050
2,017
1 065
1,930
1 054
1,883
1 076
1 097
1,917
1 045
2,114
1 030
2,002
1076
1,944
1014
2,024
915
1 040
63 050
1293
63818
5357
5133
5483
5186
5,472
5681
5254
5525
5489
5320
1,370
117
116
105
108
121
139
110
120
114
110
51,192
6,345
4,392
4,176
4,451
4,270
4,462
4,631
4,301
4,528
4,499
4,343
4219
51,950
6,404
4094
532
316
511
330
556
372
535
336
546
344
548
363
511
332
529
349
537
340
226
476
392
219
518
451
232
614
366
192
575
348
197
547
347
195
513
345
219
518
451
247
548
450
245
571
410
236
480
438
225
530
434
8711
8861
8331
5,484
9,048
9209
5,373
2,076
2,095
2,058
1 056
1 090
1 112
2,124
1 079
5417
5711
5419
WASTE PAPER
[Thousands of short tons]
Consumption
Inventories end of period
1
WOODPULP
[Thousands of short tons]
Production:
Total
Dissolving pulp . . . .
Paper grades chemical pulp
Groundwood and thermo-mechanical
Semi'Chemical
Inventories, end of period:
Producers' own use
Producers' market
Consumers' purchased
[Thousands of metric tons]
Exports, all grades, total
Dissolvina and special aloha
All otfier. . . . . .
Imports all grades total
Dissolvina and soecial aloha
Aili other r . . ! .!.!..
See footnotes at end of tables.
1
: : ::..:..
r
127
115
129
4,433
4,676
4,404
521
347
521
335
558
363
543
343
240
570
385
230
507
423
225
596
399
245
676
388
r
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990 |
October 1992 •
1992
1991
1991
Sept. | Oct.
Aug.
S-29
Nov.
Dec.
Jan. |
Feb.
Mar. |
Apr. | May
June |
July |
Aug. |
r
6821
3295
3526
6899
3362
3538
6912
3420
3492
1342
1190
1342
1189
1359
1198
155
274
140
149
245
139
Sept.
16. PULP, PAPER, AND PAPER PRODUCTS-Continued
PAPER AND PAPER PRODUCTS
[Thousands of short tons, unless otherwise specified]
Paper and board:
Production (API):
Total
Paper
1
Producer Price Indexes:
Paperboard, 1982*100
Building paper and board 1982=100
Selected types of paper (API):
Groundwood paper:
Orders new
Orders, unfilled, end of period
Shipments
Coated papers:
Orders new
Orders, unfilled, end of period
78 782
79531
39115
40416
6973
3443
3531
6628
3267
3361
7049
3528
3522
6530
3173
3357
6619
3145
3474
6816
3314
3510
6553
3191
3362
6988
3376
3612
135.9
1122
1302
111 8
1278
1128
1318
1122
1327
1109
1328
1106
1332
1109
1334
1125
1336
1171
1334
1192
M868
1 778
184
308
152
156
295
155
138
283
163
105
245
143
129
225
140
151
255
128
117
332
116
131
317
134
r
r
221
230
1,806
1,775
!7430
589
7536
7294
576
7310
685
669
660
527
550
665
637
627
647
660
667
644
666
685
600
588
576
566
641
597
685
602
689
616
11,544
11552
1,079
1 057
982
974
1098
1 088
946
923
813
929
999
969
1,068
1
Uncoated free sheet:
Orders, new
Shipments .
....
Unbleached kraft papers:
Shipments
Tissue paper, production
[Thousands of metric tons, unless otherwise specified]
Newsprint:
Canada:
1
1
11,479
11 503
J
956
r
6707
3273
3433
6706
3201
3505
1343
1185
M343
r
1191
P
110
226
140
229
r
r
r
r
r
131
257
r
127
124
r
583
'636
583
'664
r
625
640
'665
655
1,068
1 001
r
r
r
r
642
990
981
906
r
123
r
991
661
684
699
664
713
658
1,054
957
997
999
470
193
480
193
470
190
456
201
497
685
747
724
176
465
190
486
176
458
182
464
210
480
193
466
208
502
8977
8756
536
731
731
719
698
706
735
699
686
615
714
720
665
707
654
710
737
703
741
778
815
692
766
614
635
606
619
536
618
671
644
606
569
494
5997
6,007
6206
6,154
526
496
530
527
528
551
509
532
541
530
519
552
542
46
98
545
122
526
78
565
65
545
62
1051
1,012
804
764
517
95
878
819
539
85
816
546
103
894
902
541
95
11,380
552
98
952
816
532
95
802
495
122
981
864
513
139
12,127
512
121
952
904
119.5
120.9
118.8
118.1
117.3
116.4
116.2
114.8
112.3
108.8
108.3
109.6
109.3
106.2
108.8
318,102
320,180
28,301
31 334
25150
23,453
25,532
27,730
29,178
26,856
28,368
28,886
27,898
27,956
2377
2276
'5802
5669
9068
9074
315
r
27185
115.3
28,934
196
r
r
754
424
RUBBER
[Thousands of metric tons, unless otherwise specified]
Natural rubber:
Consumption
83903
2
94.34
860.34
104.1
a
101.2
99.5
99.8
101.7
103.6
2,114.53
1 820 78
40366
TIRES AND TUBES
[Thousands]
Pneumatic casings:
Production
Shipments total .
Original equipment
Replacement equipment
Exports
Stocks, end of period
Exports (Bureau of Census)
Inner tubes:
Exports (Bureau of Census) .
See footnotes at end of tables.
1
.-.
1,007
926
17. RUBBER AND RUBBER PRODUCTS
Imports, incl. latex and guayule
U.S. Import Price Index, 1985=100
Synthetic rubber:
Production
Consumption
Stocks end of period
Exports (Bureau of Census)
136.8
1242
188
484
Shioments from mills
Inventory, end of period
United States:
Production ..
Shipments from mills
Inventory end of period
Estimated consumption, all users 0
Publishers' stocks end of period #
Imports
Producer Price Index, standard newsprint,
1982=100
Paper products:
Shipping containers, corrugated and solid fiber
shipments, mil. sq ft. surf, area
r
39359
39423
21 0662
260,424
54,191
188838
17,393
202 390
256,875
48,582
188303
18,998
17784
23985
4,254
17890
1,743
17045
25890
4,519
19476
1,803
19588
25656
5,296
18448
1,826
16354
19392
4,106
13846
1,359
15173
17661
3,064
13145
1,452
18772
19,590
3,868
13925
1,777
18762
19895
4,175
14076
1,645
20356
23702
4,783
17128
1,789
19065
23447
4,726
17068
1,653
18874
23492
5,039
16841
1,612
19380
24,170
4,723
17662
1,784
17273
21 910
3,282
16964
1,665
42,649
35,533
41,610
36,773
34,567
34,772
35,533
38,400
40,687
41,212
40,981
40,576
40,201
39,918
449
S-30 • October 1992
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
1992
1991
| 1991
Aug. |
Sept.
Oct. |
Nov. | Dec.
Jan. |
Feb. |
Mar. |
May |
Apr.
June
July | Aug.
Sept.
18. STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
1
Shipments finished cement thous bbl
467,21 1
1
41 5 203
43363
40294
44163
31 667
26041
24482
24541
30474
37654
44625
40482
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face), mil. standard
brick
Structural tile, except facing, tiious. sh. tons
Sewer pipe and fittings vitrified thous sh. tons ...
Floor and wall tile and accessories, glazed and
unglazed mil sq ft
Producer Price Index, brick and structural clay tile,
12/84=100
6,872.7
5404.8
(2)
(2)
2420
1956
509.2
429.8
115.1
116.2
1,471,447
1 350,658
289 704
284,986
281 111
277,657
25498
26,242
23546
60261
88551
26,297
23477
57141
84304
24,038
71,967
13,190
1 174
43162
15176
1 3414
1 1937
529
438
391
382
112.8
114.1
118.1
106.4
116.4
116.4
116.4
116.5
22220
23,152
25331
24,498
22898
21,044
2469
5439
7736
2,124
2174
4722
6816
1,885
1 870
4686
7133
2033
1 380
3845
6511
1831
1 202
3710
5661
1 673
1 692
3871
6402
1 941
74,683
6,973
6,224
7292
6128
4895
12,816
1 198
44058
1,348
1,210
1,348
1254
116.5
15373
117.2
''117.8
25982
25,558
24703
24,269
23986
25,188
1 898
3843
6341
1818
2407
4939
7823
2342
2304
4810
7695
2,306
2292
5259
7936
2301
5852
5312
6621
5,784
6,190
1 147
1,139
1,294
1,270
1,113
116.6
116.6
22502
21,054
24193
20,545
116.9
118.4
118.5
118.5
118.5
GLASS AND GLASS PRODUCTS
[Thousand gross, unless otherwise specified]
Rat glass, mfrs.1 shipments, tiious. $
Glass containers:
Production
Narrow-neck containers:
Food
Beveraoe
Beer
Liquor and wine
Wide-mouth containers:
ZI
"
Narrow-neck and wide-mouth containers:
Medicinal and toilet
Chemical household and industrial
Stocks end of period
377,932
340555
17455
18,207
391 358
378380
r
24 730
'26,269
r
25138
26,181
2668
5592
7851
"2,616
2506
5231
8426
2,399
r
6,531
r
r
6,364
915
153
153
121
136
95
988
78
149
194
132
100
97
44508
43486
44103
45638
44058
45208
48579
49726
48947
48145
1 308
1 176
1 233
1 250
1 373
1401
1 199
1 168
1204
1 073
1 312
1,294
1206
1 253
1220
1421
1283
1 344
1 164
1201
7634
732
762
764
588
717
748
442
525
729
745
948
'5,272
513
427
467
482
496
425
382
377
398
446
525
515
1 665
1588
1 748
1435
1 363
1 625
1537
1862
1 622
1466
1 706
1 908
1 184
1 009
1 062
1 204
460
412
7
69
55
435
480
7
72
58
1,030
r
148
46 21 5
45297
1 320
1 321
1 404
1423
GYPSUM AND PRODUCTS
[Thousands of short tons]
Production:
Crude gypsum (exc byproduct)
Calcined
Imports crude gypsum
Sales of gypsum products:
UncalcTned ......
Calcined:
Industrial plasters
Building plasters total (incl Keene's cement)
[Millions of square feet]
Board oroducts total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated wallboard
1
15 658
16 272
1
1
8726
1
5,310
4
1
1
1
4
()
()
2
H
1
14 760
14 688
20 445
1
18 317
15
442
268
12
396
227
12268
5978
11286
5033
98
713
662
85
670
608
Water/moisture resistant board
1
35
19
1 092
446
8
65
55
1
35
20
997
416
8
60
51
1
39
23
1 097
460
g
62
58
1
31
18
916
368
7
48
46
1
31
16
865
361
6
40
43
1
38
36
1 034
403
7
54
53
1
34
32
985
377
6
53
50
1
40
42
68
59
1
34
34
1
31
31
914
370
1
39
37
70
54
66
47
1
45
40
19. TEXTILE PRODUCTS
FABRIC
[Millions of linear yards]
Woven fabric, finishing plants:
Cotton
Manmade fiber and silk fabrics
Inventories held at end of period
Cotton
Manmade fiber and silk fabrics
Backloa of finishina orders
coign
•
;.;
Manmade fiber and silk fabrics
•
COTTON AND MANUFACTURES
[Thousands of running bales, unless otherwise
specified]
Cotton (excluding (inters):
Production:
Ginnings 0
Crop estimate irious net weight bales §
Consumption
Stocks in the United States total end of period #
On farms and' in transit
Public storage and compresses
Consumina establishments
See footnotes at end of tables.
15064
15,505
17146
17,614
6
6
8383
11 978
11,978
1,522
9875
581
699
2478
8474
13275
15891
8367
13579
13,579
1,924
11 075
2,215
16591
16591
13,798
2223
2199
13579
13,579
1,924
11075
580
570
580
14
16766
3
870
11 748
11 748
730
10285
10285
3
898
8516
8516
718
752
7240
7,240
5953
5,953
3
885
4504
4,504
451
682
743
3552
3,552
2806
18283
18,283
15,435
2220
663
628
864
499
189
330
268
140
83
10290
9206
7696
6273
5057
3723
594
580
631
637
628
641
5
1 674
15 885
October 1992 •
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
1992
1991
1991
Aug. |
Sept. |
Oct.
S-31
Nov.
Dec.
Jan. |
Feb. |
Mar. |
Apr. |
May |
June
July
Aug.
Sept.
19. TEXTILE PRODUCTS-Continued
COTTON AND MANUFACTURES-Continued
Cotton (excluding Iinters)-Continued
Exports thous running bales
Imports thous. net weight bales
Price(farm), American upland, cents per Ib. 0 .........
Price, Strict Low Middling, Grade 41, staple 34
(r/ie"), 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 cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.), mil. sq. yd.
Orders, unfilled, end of period, compared with
average weekly production, no weeks' prod.
Inventories, end of period, compared with avg.
weekly production, no weeks' prod.
Ratio of stocks to unfilled orders (at cotton
mills) end of period
Exports, raw cotton equivalent, thous. net weight
bales §
Imports, raw cotton equivalent, thous. net weight
bates §
Producer Price Index, gray cotton broadwovens,
1982=100
2
6
3
3
67.1
74.8
57.0
66.9
64.8
62.7
60.9
55.6
51.6
49.6
49.9
52.0
52.2
56.9
55.3
'53.8
52.1
56.7
66.4
62.4
58.3
54.7
53.9
51.5
50.8
52.0
55.0
55.4
58.8
60.9
57.6
53.5
8.7
8.7
8.7
38
38
48
38
4.8
.237
.240
20
20
9.7
9.2
9.4
9.2
38
658
37
604
40
150
37
148
4
4
8.8
8.7
38
58
37
48
241
20
4
5.9
4
.236
4
2.4
8.6
8.5
8.5
37
56
37
4.2
37
46
.226
.212
23
1.8
.231
19
116.7
117.2
117.3
122.7
122.7
122.7
6.9
1.9
4.9
50
1.8
3.3
1.88
1.88
1.88
2.24
2.20
4
4
.254
.231
.227
.224
258
243
62
59
4464
4404
1 082
1 094
113.8
1149
206.2
2991
2132
2733
54.5
55.3
52.6
697
675
666
705
4 193.7
3,990.8
4,2823
3,984.1
1,100.2
1,042.7
1,121.9
1,067.7
1064.0
1,008.0
1,118.8
1,044.1
94
104
270
98
104
109
122
17.3
23.7
27.0
26.9
33.4
304.2
3470
351.1
3337
309.8
3212
351.1
3337
342.4
321 2
309.8
3350
115.7
115.5
1206
1372
346
33.9
369
121
144
717
214
865
182
70
68.2
5.7
78
2.5
5.4
36
90
12
7.8
102
24
7.8
81
50.3
46
44
1.4
3.0
6.4
46
73
2.0
5.3
106
2.5
8.1
88
2.4
6.5
43
62
2.0
4.2
2.56
1.58
1.67
1.56
1.48
1.48
1.55
1.63
1.77
1.95
1.96
1.99
1.93
3.70
2.42
2.48
2.29
2.15
2.74
2.70
2.59
2.80
2.77
2.64
2.68
2.56
• U07
1696
414
41 5
M56
472
13485
1 2778
3472
3099
3327
3418
18120
172317
7728
92778
16001
168256
8988
93110
5228
40338
3120
25883
7
298988
38.761
300 862
38.232
83636
9,548
65368
8,878
115.3
115.3
115.4
1158
115.9
.233
4
23
r
1,144
1169
116.7
1168
4
1,163
116.7
116.8
119.9
MANMADE FIBERS AND MANUFACTURES
[Millions of pounds]
Rber production, qtrly:
Cellulosic filament yam
Rayon staple including tow
Noncellulosic, except textile glass:
Yarn and monofilaments
Staple incl tow
Textile glass fiber
Rber stocks, producers', end of period:
Cellulosic filament yarn
Rayon staple, including tow
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple incl tow
Manmade fiber and silk broadwoven fabrics:
Producer Price Index, gray synthetic broadwovens,
1982=100
116.4
116.5
116.5
116.8
118.2
119.0
119.9
120.3
60.5
120.9
'121.8
122.1
WOOL AND MANUFACTURES
[Millions of pounds, unless otherwise specified]
Wool consumption, mill (clean basis):
Apparel class
Carpet class
Wool imports clean yield f
Unimproved and other grades not finer than 46's
48's and finer
Wool prices, raw, shorn, clean basis:
Domestic—Graded territory, 64's, staple 2%" and
up, delivered to U.S. mills, $ per Ib
Australian, 64's, Type 63, duty-paid, price at
Australian Wool Corp., Charleston, SC, $ per to.
Wool broadwoven goods, exc. felts:
Production (qtrly) mil so. yd
13
51
1.2
3.9
17
35.9
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments quarterly mil sq yd
APPAREL
[Thousands, unless otherwise indicated]
Women's, misses', juniors' apparel cuttings, qtrly:
Coats
Dresses
Suits (incl pant suits jumpsuits)
Skirts
Slacks, jeans, dungarees, and jean-cut casual
slacks
Blouses thou doz
See footnotes at end of tables.
2 429
33865
8
()
21 240
r
3300
44 903
r
2556
r
25 734
4027
41 212
2904
23552
r
79,412
9,168
r
71,296
'9,562
(5)
S-32
• October 1992
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
1992
1991
Annual
1990
1991
Aug.
Sept. |
Oct. |
Nov. |
Dec.
Jan. |
Mar. |
Feb.
Apr.
May |
June |
July
Aug. |
Sept.
19. TEXTILE PRODUCTS-Continued
APPAREL-Contlnued
[Thousands, unless otherwise indicated]
Men's apparel cuttings, qtrly:
Suits
Coats (separate), dress and sport
Trousers, slacks, jeans, pants, etc
Shirts, dress and sport, thous. doz.
Hosiery, shipments thous. doz prs
11 302
13,945
10093
14,181
494621
94,543
324 867
458 476
103,239
328622
27696
2451
3,522
134731
24,335
24996
31 948
28226
r
2699
r
3,603
118164
r
27,084
4
76 978
2403
3,448
129117
7
22,472
24191
2456
3,216
123091
26,380
85160
r
20. TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
[Millions of dollars]
Orders, new (net), total
U.S. Government
Prime contract
Sales (net) receipts or billings total
US Government
Backlog of orders, end of period #
U S Government
Aircraft (complete) and parts
Missiles, space vehicle systems, engines,
propulsion units and parts
Other related operations (conversions,
modifications), products, services
Aircraft (complete):
Shipments
Exports commercial
3
145 965
56 264
141 ,293
3
3
3
3
136 646
73 552
3
250,079
82017
146 382
3
26 558
3
3
3
132 644
66 668
129,924
3
3
247,597
84 827
147 551
3
24 734
3
3
3
134 578
66 710
3
3
3
31 648
3
32 981
3
15,961
3
14,575
18444
22629
1 633
2006
1 945
2701
1 951
1 890
2711
6050
5502
9,499
6,898
2601
5407
4,874
8388
6,137
2251
417
385
711
503
208
473
424
687
498
189
572
523
719
526
193
462
416
623
458
165
378
338
611
438
173
404
371
573
417
156
444
404
664
497
167
506
457
735
541
194
506
454
729
546
183
548
489
747
565
182
572
523
838
635
203
362
334
749
573
176
418
388
660
483
177
8.4
6.2
8.5
6.2
8.3
6.1
8.3
6.2
7.9
5.9
8.0
5.9
8.5
62
8.3
6.0
82
6.0
8.4
6.3
8.9
6.7
8.3
6.4
8.0
6.0
MOTOR VEHICLES (NEW)
[Thousands, unless otherwise specified]
Passenger cars:
Factory sales (from U.S. plants):
Total
Domestic
Retail sales total not seas adj
Domestics §
Total, seas. adj. at annual rate, millions
Domestics, millions §
Imports millions §
Retail inventories, domestics, end of period: §
Not seasonally adjusted
Seasonally adjusted
Inventory-retail sales ratio domestics
Exports (Bureau of Census) total
To Canada
Imports (ITC) complete units
Registrations 0 total new vehicles
Imports including domestically sponsored
Trucks and buses:
Factory sales (from U.S. plants):
Total
Domestic
Retail sales*
Total, not seasonally adjusted *
0-10,000 Ibs. GVW, domestics
0-10,000 Ibs. GVW, imports *
10,001 Ibs. GVW and over t
Total, seasonally adjusted *
0-10000 Ibs. GVW, domestics
0-1 0000 Ibs GVW imports*
10,001 Ibs. GVW and over t
Retail inventories, domestics, end of period:
Not seasonally adjusted
Seasonally adjusted @
Exports (BuCensus)
Imports (BuCensus), including separate chassis
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
See footnotes at end of tables.
516
2.0
1,243
1,420
2.9
2.7
23
22
2.1
20
2.1
23
2.3
22
2.1
2.2
1,119
1290
1,156
1296
1,267
1 310
1,316
1,310
1,283
1 301
1,318
1258
1,304
1 242
1,303
1256
1,422
1303
1,345
1 335
1,341
1,326
25
2.5
2.5
2.5
2.6
2.5
2.6
2.5
2.4
2.5
2.6
2.6
2.4
39446
12202
37365
1 1960
3127
1052
3191
105.9
3694
120.8
3236
105.1
3152
86.4
2973
85.1
2856
1002
3148
109.3
3104
115.1
2931
111.3
2904
122.1
2604
71.6
684
301
737
320
692
283
610
247
628
253
619
245
590
225
665
253
693
260
692
257
837
312
754
287
611
1.9
9103
3459
8234
3295
3719
3448
3373
3035
277
256
326
299
378
347
303
272
244
218
249
232
302
277
376
342
349
317
365
331
368
334
232
212
330
306
4,649.9
3,947.5
404.0
298.4
4,156.0
3,594.6
3192
242.2
353.5
298.3
35.9
19.3
348.2
300.9
375.9
330.1
26.3
19.5
371.3
324.1
329.6
283.2
26.4
20.0
341.4
297.4
352.4
307.0
23.6
21.9
377.2
332.4
295.9
258.5
19.0
18.4
.344.2
300.7
325.9
289.1
17.8
19.0
363.1
320.4
3952
348.3
23.8
23.0
370.5
326.8
417.4
370.8
21.0
25.7
381.8
337.4
273
254
235
228
214
220
212
18.6
21.4
20.7
21.3
21.7
23.1
410.4
365.4
20.8
242
368.2
326.7
19.1
22.4
172
19.9
459.3
415.9
19.4
23.9
411.9
370.7
19.0
22.2
145
19.4
424.4
381.0
21.3
22.1
397.5
355.0
20.4
22.1
M06.8
r
366.8
17.7
r
22.2
M05.8
r
368.6
279
310.8
272.8
21.5
16.5
354.2
309.9
24.9
19.5
22.7
23.3
1 1401
1,081.4
1 0006
1,067.0
9946
1,060.5
9960
1,056.6
482
436
389
r
1 0743
1,103.2
9855
1,011.9
8574
914.7
8758
930.3
1,004.3
1,017.6
1,054.4
1,023.0
9855
1,011.9
1,025.8
1,009.7
1 1052
1,073.1
1 1666
1,125.6
1 1667
1,147.5
1 1695
1,130.9
4798
4345
'379
405
370
321
357
351
313
373
406
412
149117
103,894
(5)
122477
84,626
11,590
8,509
10,700
7,926
11,346
8,006
10,059
7,456
9,970
7,211
12,279
9,220
13,007
10,028
14,011
10,594
14645
11,140
15174
11,859
r
r
16 060
12,468
13703
10,423
(5)
17214
24491
32063
32063
27,197
27197
11328
11 328
32063
32063
27,197
27197
9215
9215
1,474
2,246
3,179
2,816
3,527
2,675
2,290
2,425
1 967
1 836
r
1729
RAILROAD EQUIPMENT
[Number, unless otherwise specified]
Freight cars (new), for domestic use; all railroads and
private car lines (excludes rebuilt and export cars):
Shipments
Equipment manufacturers
New orders
Equipment manufacturers
Unfilled orders, end of period
Equipment manufacturers
Freight cars (revenue), class I railroads (AAR): *
Number owned end of period thousands
Capacity (carrying) total end of month mil tons
Average per car tons
688
1,166
r
1,430
22
1,283
1 301
r
e
'173
'8.3
6.3
e
2.Q
1,408
1 418
1,151
r
1 350
'2.5
(2)
6331
6331
5,300
5300
8,775
8775
5943
5943
6,383
6383
9,215
9215
4660
4660
8,421
8421
12,975
12975
5962
5962
8,354
8354
15,367
15367
1???
r
(2)
408.1
367.4
17.4
23.3
389.0
348.4
October 1992 •
SURVEY OF CURRENT BUSINESS
S-33
FOOTNOTES FOR PAGES S-l THROUGH 8-32
General notes for all pages:
r Revised,
p Preliminary,
e Estimated,
c Corrected.
Page S-1
t Revised series. See Tables 2.8-2.11 in the July 1992 SURVEY for revised estimates for 1989-91.
Also see the article on the comprehensive revision of the national income and product accounts that
appears in the December 1991 issue of the SURVEY.
\ Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a percentage of
the centered three-month moving average of disposable personal income.
Page S-2
1. Based on data not seasonally adjusted.
# Includes data not shown separately.
Page S-3
# Includes data for items not shown separately.
t Effective with the July 1992 SURVEY, M3 data have been revised to benchmark the data to the
1989 and 1990 Annual Surveys of Manufactures, and to reflect updated seasonal factors.
Page S-4
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
I Includes textile mill products, leather and products, paper and allied products, and printing and
publishing industries; unfilled orders for other nondurable goods industries are zero.
0 For these industries (food and kindred products, tobacco, apparel and other textile products, petroleum and coal, chemicals and allied products/and rubber and plastics products) sales are considered
equal to new orders.
t See note "f for p. S-3.
Page S-5
1. Based on data not seasonally adjusted.
@ Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
1 See note T for p. S-4.
t In the Feb. and July issues of the SURVEY each year, data for the most recent six to eight years
are subject to revise and are available upon request,
ft See note "t" for p. S-3.
Page S-6
§ For producer price indexes of individual commodities, see respective commodities in the Industry
section beginning p. S-19. All indexes subject to revision four months after original publication.
# Includes data for items not shown separately.
Address requests for data to:
Business Statistics Branch
Business Outlook Division (BE-52)
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230
f Effective June 1992 SURVEY, estimates of wholesale sales have been revised back to January 1989
and wholesale inventories have been revised back to December 1990. Revised data and a summary
of changes appear in the report Revised Monthly Wholesale Trade, Sales and Inventories January
1986-March 1992, BW/91-RV, available from the Bureau of the Census, Washington, DC 20233.
J Effective June 1992 SURVEY, retail trade data have been revised. Estimates of retail sales have
been revised back to December 1991 and inventories have been revised back to January 1982. Revised
data and a summary of changes will appear in the report Revised Monthly Retail Sales and Inventories,
January 1982-December 1991, BR92-R, available from the Bureau of the Census, Washington, DC
20233.
Page S-9
1. Advance estimate.
# Includes data for items not shown separately.
t The participation rate is the percent of the civilian noninstitutional population in the civilian labor
force. The employment-population ratio is civilian employment as a percent of the civilian noninstitutional
population, 16 years and over.
@ Data include resident armed forces.
t See note y for p. S-8.
PageS-10
t The unemployment rates are the number of unemployed in each group as a percent of the civilian
labor force in that group.
§ Effective with June 1992 SURVEY, data have been revised, back to April 1990, unadjusted, and
back to Jan. 1987, seasonally adjusted, to reflect new benchmarks and seasonal adjustment factors.
The June 1992 issue of Employment and Earnings contains a detailed description of the effects of
these revisions. All of the revised historical series are published in a special supplement to Employment
and Earnings. This supplement, when combined with the historical bulletin, Employment, Hours, and
Earnings, United States, 1909-90 comprises the full historical series on national data obtained from the
establishment survey.
Page S-11
§ See note "§" for p. S-10.
% This series is not seasonally adjusted because the seasonal component is small relative to the
trend-cycle and/or irregular components and consequently cannot be separated with sufficient precision.
0 Production and nonsupervisory workers.
Page S-12
§Seenote"§ n forp. S-10.
0 Production and nonsupervisory workers.
| Earnings in 1982 dollars reflect changes in purchasing power since 1982 by dividing by Consumer
Price Index.
§§ Wages as of Oct. 1,1992: Common, $19.73; Skilled, $25.76.
t Excludes farm, household, and Federal workers.
Page S-7
Page S-13
1. Computed from cumulative valuation total.
2. Index as Oct. 1,1992: building, 424.4; construction, 470.3.
t Effective July 1992 SURVEY, data have been revised back to 1987. Effective July 1991 SURVEY,
data were revised back to 1986. Effective July 1990 SURVEY, data were revised back to 1985. Revised
data are available from the Construction Statistics Division at the Bureau of the Census, Washington,
DC 20233.
# Includes data for items not shown separately.
§ Data for Mar., May, Aug., and Nov. 1990, and Jan., May, Aug., and Oct. 1991 are for five weeks;
other months four weeks.
# The fixed-weighted price index is a weighted average of the individual price index series used to
deflate the Value of New Construction Put in Place (VIP) series. In calculating the index, the weights (the
composition of current dollar VIP in 1987 by category of construction) are held constant. Consequently,
the index reflects only changes in prices. The implicit price deflator is a derived ratio of total current
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 1992 SURVEY, data have been
revised back to 1989.
§§ Effective March 1992 SURVEY, the Construction Contracts Valuation Index has a new base year
of 1987. Data have been revised back to 1983 and are available upon request.
1. Effective Feb. 28,1989, there was a break in the series due to the enlargement of the panel of
reporting dealers to 17 and of reporting direct issuers to 36. End of month figures on the old basis are
as follows: All issuers, 481,734; financial companies, 373,717; dealer placed, 172,330; directly placed,
201,387; and nonfinancial companies, 108,017.
2. Average for Dec.
# Includes data for items not shown separately.
§ Excludes loans and federal funds transactions with domestic commercial banks and includes
valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
1 Covers 50 States and the District of Columbia. Only regular benefits are included.
@ Average weekly insured unemployment for 12-month period divided by average monthly covered
employment (lagging 4 full quarters for annual figure and 2 full quarters for monthly figure).
Page S-8
1. Advance estimate.
2. Beginning with Feb. 1989 data, associations in conservatorship are exduded.
0 Home mortgage rates are under money and interest rates on p. S-14.
§ Data include guaranteed direct loans sold.
# Includes data for items not shown separately.
@ Data are for closed mortgage loans of thrift institutions insured by the Savings Association
Insurance Fund (SAlF)-FSLIC-insured institutions prior to Sept. 1989.
Page S-14
1. Data are for fiscal years ending Sept. 30 and may include revisions not distributed to the months.
2. Weighted by number of loans.
3. Outstanding loans for mobile homes are included with other credit.
4. Beginning Sept. 1991, the Federal debt series are net of premium and discount.
§ Effective June 1992 SURVEY, data have been revised to reflect new benchmark and seasonal
adjustments and are available from the Banking and Money Market Statistics Section of the Division of
Monetary Affairs at the Federal Reserve Board, Washington, DC 20551.
# Includes data for items not shown separately.
0 Excludes loans to commercial banks in the U.S.
t Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
ft Courtesy of Metals Week.
f Effective June 1992 SURVEY, the consumer installment credit series have been revised back to
1985 to incorporate new information and updated seasonal adjustment factors. These revisions are
available from the Mortgage and Consumer Finance Section, Mail Stop 93 at the Federal Reserve Board,
Washington, DC 20551.
S-34 • October 1992
SURVEY OF CURRENT BUSINESS
Page S-15
1. Money market deposit accounts are included with savings deposits.
II Includes ATS and NOW balances at all depository institutions, credit union share draft balances,
and demand deposits at thrift institutions.
<> Overnight (and continuing contract) RP's are those issued by commercial banks to the nonbank
public, and overnight Eurodollars are those issued by Caribbean branches of member banks to U.S.
nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time deposits
are those issued in amounts of $100,000 or more and are net of the holdings of domestic banks, thrift
institutions, the U.S. Government, money market mutual funds, and foreign banks and official institutions.
# Includes data for items not shown separately.
Page S-24
1. Reported annual total; monthly revisions are not available.
Page S-25
1. Reported annual total; monthly revisions are not available.
2. For month shown.
@ Includes domestic and foreign ores.
§ Source: Metals Week.
Page S-16
Page S-26
1. Beginning with Jan. 1992 data, the data include the republics of the former USSR, excluding Estonia,
Latvia, and Lithuania.
@ Data may not equal the sum of the geographic regions, or commodity groups and principal
commodities, because the revisions to the totals are not reflected in the component items.
§ Number of issues represents number currently used; the change in number does not affect the
continuity of the series.
t For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
0 The March through August 1991 issues of the SURVEY showed month-end yields for 1991 rather
than monthly averages.
1. Reported annual total; monthly revisions are not available.
2. Less than 50 tons.
3. Break in comparability beginning Jan. 1,1991, because of a change in the Metals Week pricing
series for zinc.
4. Monthly data not available for 1990 and 1991.
0 Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
J Source for monthly data: American Bureau of Metal Statistics. Source for annual data: Bureau of
Mines.
# Includes data not shown separately.
@@ Price represents North American Mean.
Page S-17
1. See note T for p. S-16.
@ See note "@B for p. S-16.
# Includes data not shown separately.
0 Data include undocumented exports to Canada, which are based on official Canadian import
totals.
Page S-18
1. Reported annual total; quarterly or monthly revisions are not available.
2. For month shown.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service.
| 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.
Page S-19
1. Reported annual total; monthly or quarterly revisions are not available.
2. Figure suppressed because it did not meet Census publication standards.
3. Data are partially estimated for first three quarters of 1991 and are not available. Value for 4th
quarter 1991 is based on partially estimated production data.
4. Data withheld to avoid disclosing figures for individual companies.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless otherwise
indicated.
<C> Data for 1991 are reported quarterly.
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. Quarterly data are no longer available.
§ Data are not wholly comparable from year to year because of changes in classification.
@ Includes less than 500 electric generation customers not shown separately.
PageS-21
1. Previous year's crop. New crop is not reported until Sept. (crop year: Sept. 1-Aug. 31).
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until June
(beginning of new crop year).
5. Stock estimates are available once a year as June 1 stocks and shown here in the May column
and (as previous year's crop) in the annual column.
6. Stocks as of Dec. 1.
§ Excludes pearl barley.
@ Quarterly data represent the 3-month periods Dec.-Feb., Mar.-May, June-Aug., and Sept-Nov.
Annual data represent Dec.-Nov.
f Coverage for 21 selected States, representing approximately 85 percent of U.S. production.
Page S-22
§ Cases of 30 dozen.
# Series first shown in the Jan. 1991 SURVEY.
Page S-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
3. Data suppressed because they did not meet Census publication standards.
# Totals include data for items not shown separately.
Page S-27
1. Annual total includes revisions not distributed to the months or quarters.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke.
0 Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not
shown separately.
it March, June, September and December are five-week months. All others consist of four weeks.
Page S-28
1. Reported annual total; revisions not allocated to the months.
2. Beginning May 1991, the leaded gasoline price is not statistically valid for publication.
# Includes data for items not shown separately.
Page S-29
1. Reported annual total; revisions not allocated to the months.
0 Source: American Paper Institute. Total U.S. estimated consumption by all newspaper users.
# Compiled by the American Newspaper Publishers Association.
Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Rgure suppressed because it did not meet Census publication standards.
3. Data cover five weeks; other months, four weeks.
4. Beginning Jan. 1989, sales of industrial plasters are included with building plasters.
5. Oct. 1,1992 estimate of the 1992 crop.
6. Total for crop years, 1989/1990 and 1990/1991 respectively.
# Includes data for items not shown separately.
0 Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
Page S-31
1. Annual total includes revisions not distributed to the months.
2. Weighted average for crop year, Aug. 1-Jul. 31.
3. Spot market average for crop year, Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. No price because the Australian market was shut down for the month of July.
6. Weighted marketing price for Aug. 1991-Apr. 1,1992.
7. The downward revisions for 4th quarter and annual 1991 numbers reflect data withheld from
certain product lines to avoid disclosing data for individual companies.
8. The revised 4th quarter number has been withheld to avoid disclosing the data for an individual
company.
0 Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price reflects
toy quantity purchased and dollars paid for the entire month (revised price includes discounts and
premiums).
§ Bales of 480 Ibs.
t The total may include some miscellaneous wool imports.
# Series first shown in the July 1990 SURVEY.
SURVEY OF CURRENT BUSINESS
Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Sept. 1992: passenger cars, 476; trucks and
buses, 352.
3. Data are reported on an annual basis only.
4. Beginning in 1992, data are available only on a quarterly basis.
5. Beginning Jan. 1989, shipments of trailer bodies are included with trailer chassis to avoid
disclosure of data from individual firms.
6. Effective with the Dec. 1991 SURVEY, data have been revised back to 1988 and are available
upon request.
7. Data withheld to avoid disclosing figures for individual companies.
October 1992 •
S-35
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and imported
to the U.S. under the provisions of the Automotive Products Trade Act of 1965. Imports comprise all
other cars.
0 Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some States are not
available, month-to-month comparisons are not strictly valid.
* Effective with the July 1992 SURVEY, seasonally adjusted retail sales for trucks and buses have
been revised back to 1989, and are available upon request.
f Includes some imported trucks over 10,000 Ibs. GVW.
1 Excludes railroad-owned private refrigerator cars and private line cars.
@ Effective with the Mar. 1992 SURVEY, seasonally adjusted retail inventories for trucks and buses
have been revised back to 1977, and are available upon request.
S-36 • October 1992
SURVEY OF CURRENT BUSINESS
INDEX TO CURRENT BUSINESS STATISTICS
Sections
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communication
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
Footnotes
1-5
5,6
7,8
8,9
9-13
13-16
16-18
18,19
;
19,20
20
20-23
23
23,24
24-27
27,28
28,29
29
30
30-32
32
33-35
Individual Series
Advertising
8,12
Aerospace vehicles
32
Agricultural loans
13
Air carrier operations
18
Air conditioners (room)
27
Aircraft and parts
4,5,32
Alcohol, denatured and ethyl
19
Alcoholic beverages
8,20
Aluminum
25
Apparel
2,4-6,8-12,31, 32
Asphalt
28
Automobiles, etc
2-4,6, 8,9,14,15,17,32
Banking
Barley
Battery shipments
Beef and veal
Beverages
Blast furnaces, steel mills
Bonds, issued, prices, sales yields
Brass and bronze
Brick
Building and construction materials
Building costs
Building permits
Business incorporation (new), failures
Business sales and inventories
Butter
13,14
21
27
22
8,17,20
3-5
15,16
26
30
2,4,5
7
7
5
2,3
21
Carpets
31
Cattle and calves
22
Cement
30
Chain-store sales, firms with 11 or more stores
9
Cheese
21
Chemicals
2-4,10-12,15,17,19,20
Cigarettes and cigars
23
Clay products
2-4,30
Clothing (see apparel)
Coal
Cocoa
Coffee
Coke
Combustion, atmosphere, heating equipment
Communication
Construction:
Contracts
Costs
Employment, unemployment, hours, earnings
Housing starts
New construction put in place
Consumer credit
Consumer goods output, index
Consumer Price Index
Copper and copper products
Com
Cost of living (see Consumer Price Index)
Cotton, raw and manufactures
Credit, commercial bank, consumer
Crops
Crude oil
Currency in circulation
Dairy products
Debt, U.S. Government
Deflator, PCE
Department stores, sales, inventories
Deposits, bank
Dishwashers and disposers
2, 27
22
22
27
26
15,19
7
7
10-12
7
7
14
1,2
5,6
25,26
21
5,6
5,30,31
14
5, 21-23, 30
3, 27
15
5,21
14
1
9
13,15
27
Disposition of personal income
Distilled spirits
Dividend payments
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
Electrical machinery and equipment
Employee-hours, aggregate, and indexes
Employment and employment cost
Exports (see also individual commodities)
1
20
1,15
12
8,9
5, 22
2,20
2-5,10-12,15,27
11
10-12
16-18
Failures, industrial and commercial
5
Farm prices
5,6
Fats and oils
17
Federal Government finance
14
Federal Reserve System
13
Federal Reserve member banks
13
Fertilizers
19
Fish
22
Flooring, hardwood
24
Flour, wheat
22
Fluid power products
26
Food products
2-6, 8,10-12,15,17,20-23
Foreign trade (see also individual commodities)
16-18
Freight cars (equipment)
32
Fruits and vegetables
5
Fuel oil
6,28
Fuels
2, 6,17, 27, 28
Furnaces
27
Furniture
2,6,8-12
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gypsum and products
Hardware stores
Heating equipment
Help-wanted advertising index
Hides and skins
Hogs
Home loan banks, outstanding advances
Home mortgages
Hotels, motor hotels, and economy hotels
Hours, average weekly
Housefurnishings
Household appliances, radios, and television sets
Housing starts and permits
Imports (see also individual commodities)
Income, personal
Income and employment tax receipts
Industrial production indexes:
By industry
By market grouping
Installment credit
Instruments and related products
Interest and money rates
Inventories, manufacturers' and trade
Inventory-sales ratios
Iron and steel
2,6,20
28
30
19
14
5, 21,22
9
30
8
26
12
6
22
8
8
18
11
2, 4-6,8,9
27
7
17,18
1
14
1,2
1,2
14
2-4,10-12
14
3,4,8,9
3
2,15, 24, 25
Laborforce
9,10
Lamb and mutton
22
Lead
26
Leather and products
2, 6,10-12, 23
Livestock
5,22
Loans, real estate, agricultural, bank (see also Consumer credit). 8,13
Lubricants
28
Lumber and products
2, 6,10-12, 23, 24
Machine tools
26
Machinery
2-6,10-12,15,17, 26,27
Manufacturers' sales (or shipments), inventories, orders
3-5
Manufacturing employment, unemployment, production workers,
hours, earnings
10-12
Manufacturing production indexes
1,2
Meat animals and meats
5,22
Medical care
6
Metals
2-6,10-12,15, 24-26
Milk
21
Mining
2,10-12
Mobile homes, shipments, installment credit
7,14
Monetary statistics
15
Money and interest rates
14
Money supply
15
Mortgage applications, loans, rates
8,13,14
Motor carriers
18
Motor vehicles
2-4,6, 8, 9,15,17, 32
National parks, visits
18
Newsprint
New York Stock Exchange, selected data
Nonferrous metals
29
16
2, 4,5,15,25,26
Oats
Oils and fats
Orders, new and unfilled, manufacturers'
Outlays, U.S. Government
21
17
4, 5
14
Paint and paint materials
20
Paper and products and pulp
2-4,6,10-12,15,28,29
Parity ratio
5
Passenger cars
2-4, 6, 8,9,15,17,32
Passports issued
18
Personal consumption expenditures
1
Personal income
1
Personal outlays
1
Petroleum and products
2-4,10-12,15,17,27,28
Pig iron
24
Plastics and resin materials
20
Population
9
Pork
22
Poultry and eggs
5,22
Price deflator, implicit (PCE)
1
Prices (see also individual commodities)
5, 6
Printing and publishing
2,10-12
Private sector employment, hours, earnings
10-12
Producer Price Indexes (see also individual commodities)
6
Profits, corporate
15
Public utilities
1, 2, 7,15,16,20
Pulp and pulpwood
28
Purchasing power of the dollar
6
Radio and television
Railroads
Ranges and microwave ovens
Rayon and acetate
Real estate
Receipts, U.S. Government
Refrigerators
Registrations (new vehicles)
Rent (housing)
Retail trade
Rice
Rubber and products (incl. plastics)
Saving, personal
Savings deposits
Savings institutions
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Spindle activity, cotton
Steel and steel manufactures
Stock market customer financing
Stock prices, yields, sales, etc
Stone, clay, glass products
Sugar
Sulfur
Sulfuric acid
Superphosphate
Synthetic textile products
8,27
12,16,18,32
27
31
8,13
14
27
32
6
2,3, 5, 8-12,14,32
21
2-4, 6,10-12,29
1
13
8,14
15
15,16
6,10-12
22
23
14
31
24,25
15
16
2-4,10-12,15,30
23
19
19
19
31
Tea imports
Telephone carriers
Television and radio
Textiles and products
23
19
27
2-4,10-12,15, 30-32
Tires and inner tubes
Tobacco and manufactures
Tractors
Trade (retail and wholesale)
Transit lines, urban
Transportation
Transportation equipment
Travel
Truck trailers
Trucks
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
Tin
Unemployment and insurance
U.S. Government bonds
U.S. Government finance
Utilities
Vacuum cleaners
Variety stores
Vegetables and fruits
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
26
9,10,13
16
14
2, 6, 7,15,16, 20
27
9
5
1,12
27
27
21,22
2,3, 5, 8,10-12
28
31
26
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