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SEPTEMBER 1979 / VOLUME 59 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
1
ERRATA
4
U.S. Department of Commerce
National Income and Product Tables
5
Plant and Equipment Expenditures,
the Four Quarters of 1979
Juanita M. Kreps / Secretary
Courtenay M. Slater / Chief Economist
for the Department of Commerce
14
Capital Expenditures by Majority-Owned Foreign
Affiliates of U.S. Companies, 1979 and 1980
19
U.S. International Transactions, Second Quarter 1979
25
Bureau of Economic Analysis
George Jaszi / Director
Allan H. Young / Deputy. Director
Carol S. Carson / Editor-in-Chief,
Survey of Current Business
Manuscript Editor: Dannelet A. Grosvenor
Managing Editor: Patti A. Trujillo
Staff Contributions to This Issue: William K. Chung,
Jeanette Honsa, Jorge C. Lamas, Kenneth N. Petrick,
Edward I. Steinberg, John T. Woodward.
SURVEY OF CURRENT BUSINESS. Published monthly by
CURRENT BUSINESS STATISTICS
General
SI
Industry
S22
Footnotes
S37
Subject Index (Inside Back Cover)
the Bureau of Economic Analysis of the U.S. Department
of Commerce, Editorial correspondence should be addressed to the Editor-in-Chief, Survey of Current Business, Bureau of Economic Analysis, U.S. Department of
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U.S. DEPARTMENT OF COMMERCE DISTRICT OFFICES
ALA., Birmingham 35205
908 S. 20th St. 254-1331
ALASKA, Anchorage 99501
632 6th Ave. 265-5307
ARIZ., Phoenix 85073
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1000 Liberty Ave. 644-2850
CONN., Hartford 06103
450 Main St. 244-3530
LA., New Orleans 70130
432 International Trade Mart 589-6546
N. MEX., Albuquerque 87102
505 Marquette Ave., N.W. 766-2386
P.R., San Juan 00918
659 Federal Bldg. 753-4555
FLA., Miami 33130
25 West Flagler St. 350-5267
MD., Baltimore 21202
415 U.S. Customhouse 962-3560
N.Y., Buffalo 14202
111 W. Huroa St. 846-4191
S.C., Columbia 29204
2611 Forest Dr. 765-5345
GA., Atlanta 30309
1365 Peachtree St., N.E. 881-7000
MASS., Boston 02116
441 Stuart St. 223-2312
N.Y., New York 1OOO7
26 Federal Plaza 264-0634
TENN., Memphis 38103
147 Jefferson Ave. 521-3213
CALIF., Los Angeles 90049
11777 San Vicente Blvd. 824-7591
CALIF., San Francisco 94102
450 Golden Gate Ave. 556-5868
UTAH, Salt Lake City 84138
125 South State St. 524-5116
VA., Richmond 23240
8010 Federal Bldg. 782-2246
WASH., Seattle 98109
Rm. 706 Lake Union Bldg. 442-5615
W. VA., Charleston 25301
500 Quarrier St. 343-6181
W1S., Milwaukee 53202
517 E. Wisconsin Ave. 291-3473
WYO., Cheyenne 82001
2120 Capitol Ave. 778-2220
the BUSINESS SITUATION
JL ERSONAL income increased $45%
billion in the third quarter, compared
with $40 billion in the second.1 (The
third-quarter estimate is based on data
for July and August.) As can be seen
from table and chart 1, wage and salary
disbursements increased almost as much
in the third quarter as in the second.
The major differences between the
quarterly changes in the components of
personal income were in the income of
farm proprietors and in transfer payments. After changing little in the second quarter, farm proprietors' income
declined $5 billion, mainly due to a
sharp drop in livestock prices. Transfer
payments increased $17 billion, compared with $6% billion in the second
quarter. The acceleration was more
than accounted for by cost-of-living increases in benefits paid under several
Federal programs. These increases, most
of which were effective July 1, added
$11% billion to third-quarter transfer
payments; of this amount, $9% billion
was accounted for by the 9.9-percent
increase in social security benefits.
Personal taxes, which are deducted
from personal income in deriving disposable personal income, increased $15
billion in the third quarter, compared
with $10% billion in the second. Most of
the acceleration was in State and local
taxes. In the second quarter, these
taxes had not changed as tax reductions
in New York and California offset
growth in the State and local tax base.
In the third quarter, disposable income—the income available for spending and saving—increased about $31
billion, and personal outlays increased
about $19% billion more than disposable
income. In contrast, in the second
quarter, disposable income had increased $29% billion, and personal outlays had increased $6% billion less. Re1. Quarterly estimates of the national income and product
accounts are expressed at seasonally adjusted annual rates,
and quarterly changes in them are differences between these
rates.
fleeting these contrasting changes, the
personal saving rate, which had been 5
percent in the first quarter, increased to
5.4 percent in the second and dropped
to close to 4 percent in the third.
Prices paid by consumers, as measured by the implicit price deflator for
personal consumption expenditures
(PCE), increased somewhat more than
the 9% percent annual rate registered in
the second quarter, and real disposable
personal income declined for the second
consecutive quarter. PCE food prices
increased at roughly one-half the 6%
percent second-quarter rate, reflecting
declines in the prices of meat, poultry,
and eggs. This deceleration was about
offset by an acceleration in PCE energy
prices, which had increased over 50
percent in the second quarter. The
acceleration was in all major categories
of PCE energy—gasoline and oil, fuel
oil and coal, and electricity and gas.
Since the fourth quarter of 1978, when
the recent round of extraordinary price
increases began, PCE energy prices
have increased about 40 percent at an
annual rate.
Despite the declines in real disposable
income, real PCE increased about 3 percent in the third quarter—about as
much as it had declined in the second.2
The third-quarter increase was broadly
based; in contrast, the second-quarter
CHART 1
Personal Income and Consumption:
Change From Preceding Quarter
Billion $
80
PERSONAL INCOME
Total
40
20
Wage and Salary Disbursements
•Projected
-20
80
DISPOSABLE PERSONAL INCOME
60
-
40
-
20
-
Current $
-20
1
Ir
Ti
Constant $
1
40
PERSONAL CONSUMPTION EXPENDITURES
2. The major source data that shed light on third-quarter
GNP are limited to 1 or 2 months of the quarter, and in some
20
Constant $
m
cases are preliminary. These data are: For personal consumption expenditures (PCE), July and August retail sales, unit
sales of autos through the first 10 days of September, and
sales of trucks for July and August; for nonresidential fixed
investment, the same data for autos and trucks as for PCE,
July construction put in place, July manufacturers' shipments of equipment, and business investment plans for the
quarter; for residential investment, July construction put in-20
place, and July and August housing starts; for change in
1976
'
1977
'
1978
'
1979
business inventories, July book values for manufacturing and
Based on Seasonally Adjusted Annual Rates
trade, and unit auto inventories for July and August; for
lilll.ll.lll-JL
net exports of goods and services, July merchandise trade; for U.S. Department of Commerce, Bureau of Economic Analysis
government purchases of goods and services, Federal unified
budget outlays for July, State and local construction put
in place for July, and State and local employment for July
and August; and for prices, the Consumer Price Index for
July, the Producer Price Index for July and August, and unit
value indexes for exports and imports for July.
79-9-1
SUEVEY OF CUEEENT BUSINESS
Table 1.-—Personal Income: Change From
Preceding Quarter
third quarter, after a decline in the
second that reflected unusually high
expenditures for electricity and gas for
home heating during the first quarter
and shortages of gasoline in the second.
Real PCE for motor vehicles increased about $1 billion (at an annual
rate of about 10 percent) in the third
quarter, after a decline of $7 billion (at
an annual rate of 40 percent) in the
second. In the second quarter, there had
been a shift in the composition of new
car sales toward domestic small cars and
imports, which are relatively fuelefficient (chart 2). This shift suggests
that a sales slump in that quarter
mainly reflected concern over the price
and availability of gasoline. A shift back
toward large domestic cars in the third
quarter, to which incentive and cash
rebate programs contributed, suggests a
lessening of the concern. Purchases of
motor vehicles other than by consumers
(largely by business) also slumped in
the second quarter and showed little
change in the third. Despite the
strengthening in purchases of motor
vehicles, output of motor vehicles continued to decline sharply. The increase
[Billions of dollars; based on seasonally adjusted
annual rates]
1979:11
1979:111*
39.9
45.6
23.1
21.8
3.7
5.0
4.7
5.7
3.1
2.7
5.8
7.7
4.1
2.5
.3
-2.8
Personal income
Wage and salary disbursements
Manufacturing
_
O ther commodity-producing
Distributive
Services
_..
__
Government and government enterprises
Proprietors' income
Farm
_
__
-5.2
2.5
-.4
Nonfarm
.7
Transfer payments.__
16.9
6.3
Other income
Less: Contributions for social insurance
__
_
_
10.7
11.2
1.1
*Projected.
decline had centered in motor vehicles
and energy.
Eeal PCE for furniture and equipment increased substantially in the
third quarter, as it had in the second.
Food and clothing both increased after
declines earlier in the year. Services
other than energy continued to increase.
PCE for energy changed little in the
September 1979
in purchases was more than offset by a
reduction in inventories that may have
amounted to about $5 billion in real
terms.
With the exception of net exports, the
remaining components of real final sales
(exclusive of motor vehicles)—business
CHART 2
Retail Sales of New Passenger Cars
Million units
12.5
12.0-
11.5-
11.0
10.5-
10.0-
Table 2.—Selected Labor Market Indicators
[Seasonally adjusted]
III
Household survey
Civilian labor force (millions) _ 100.8
Employment
94.7
6.0
Unemployment -_ _ _
Unemployment rate (percent) :
Total
__
6.0
4.1
Adult men.
6.1
Adult women ._
_
16.1
Teenagers ._
E mployment-population
ratio.
58.7
Civilian labor force participation rate (percent): total-._
63.3
9.0 i i i i i t i M i i i t i i > » I i i i i i I i i i i > I t i i
1979
1978
IV
I
II
July
August
1978: I I I - 1978: I V 1978: IV 1979:I
1979: I - 1979:111979: II 1979: Aug.
Goods producing
Manufacturing
Other _ _
Distributive l
Services 2
Government. .
Average weekly hours, private nonfarm:
Total .
Manufacturing
102.5
96.6
5.9
102.3
96.4
5.9
103.1
97.2
5.8
103.0
96.9
6.1
0.8
.9
—.1
1.0
1.0
0
-0.2
-.2
0
0.8
.5
.3
5.8
4.0
5.8
16.3
5.7
4.0
5.7
15.8
5.7
39
5.7
16.2
5.7
4.1
5.5
15.3
6.0
4.2
5.9
16.5
-.2
-.1
0
-.1
0
—.1
0
.4
.3
.3
59.0
59.4
59.1
59.4
59.1
.3
.4
Q
€3.5
63.8
63.5
63.8
63.7
.2
.3
-.3
i
-.3
.2
fj
4.0
A/
3.0
87.0
87.9
88.5
88.8
88.8
.8
.9
.0
25.9
20.6
5.3
26.2
20.9
5.3
26.4
20.9
5.5
26.4
20.9
5.6
26.3
20.7
5.5
.4
.3
.1
.4
.3
.1
.2
0
.1
-.1
-.2
.1
24.4
20.8
15.5
24.6
21.0
15.5
24.9
21.3
15. 5
25.0
21.5
15.6
25.0
21.6
15.7
25.1
21.7
15.7
.3
.3
.1
.1
.2
-.1
.3
0
.2
.1
.2
35.8
40.4
35.9
40.6
35.8
40.7
35.6
39.8
35.6
40.2
35.6
40.0
.1
.2
-.1
.1
-.2
-.9
.1
0
.2
V
If 1
A
2.0
/
/
\/
V
—
.3
25.5
20.3
5.2
A
rJ\
\ iJ\
.2
86.1
A A
~L KJA T
3.5
2
.3
0
n_
Intermediate
2.5
1. Transportation and public utilities, and wholesale and retail trade.
2. Services, andfinance,insurance, and real estate.
Source: Bureau of Labor Statistics.
SALES BY DOMESTIC SIZE CATEGORY AND IMPORTS
Small
101.5
95.6
5.9
Establishment survey
Employment, nonfarm payroll (millions)
4.5
/
Full-Size
/ }"\
1
\l
\l
U
i
/
WA
v
Imports
V
j
\/
\
1.5 , , i , , I , ,
i
l. 1979
1977
1978
Seasonally Adjusted at Annual Rates
NOTE—The components may not add to the total because each category
was separately adjusted for seasonal variation.
Data: Motor Vehicle Manufacturers Association of the United States, Inc. and
Ward's Automotive Reports; seasonal adjustment by BEA.
U.S. Department of Commerce, Bureau of Economic Analysis
79.9-2
September 1979
fixed investment, residential investment, and government purchases—
changed little in the third quarter. Exports of agricultural products increased
sharply, as shipments of grain to
Eastern Europe were stepped up, and
nonagricultural exports resumed their
uptrend after an interruption in the
second quarter.
Information on the change in business
inventories other than of motor vehicles
is confined to the book value change in
manufacturing and trade inventories in
July. The July increase was extraordinarily large because wholesale trade
inventories included increases for imported cars and for farm products that
are not likely to be repeated. On the
basis of these data, it is not possible to
estimate with any degree of precision
SURVEY OF CURRENT BUSINESS
the third-quarter change in inventories
and, hence, the direction of the change
in real GNP—let alone its size. A large
increase in inventories and an increase
in GNP resulting from it would not
necessarily be a favorable development,
because these increases probably would
reflect involuntary inventory accumulation and indicate the likelihood of
subsequent downward adjustments in
real inventory investment and GNP.
Labor markets
If August is taken as representative
of the third quarter, labor market conditions weakened, even though the household measure of employment, which had
declined in the second quarter, increased
475,000 in the third (table 2). The labor
force increased more rapidly, and unem-
Table 3.—Revisions in Selected Component Series of the NIPA's, Second Quarter of 1979
Seasonally adjusted at
annual rates
45-day
estimate
Percent change from
preceding quarter at
annual rates
75-day Revision 45-day
estimate
estimate
75-day Revision
estimate
Billions of current dollars
GNP.
Personal consumption expenditures.
Nonresidential fixed investment
Residential investment
Change in business inventories
Net exports
Government purchases
Federal
State and local
National income .
Compensation of employees
Corporate profits with inventory valuation and capital
consumption adjustments
Other
Personal income..
2,329.4
2,329.8
0.4
6.7
6.7
1,475.2
247.6
113.5
34.6
-7.6
466.1
161.5
304.6
1, 475.9
.7
1.5
5.9
7.1
8.4
6.1
9.6
6.1
2.5
-2.3
5.3
-5.0
11.3
5.8
-4.6
11.9
.5
.4
.6
249.1
112.9
33.4
-8.1
466.6
161.7
304.9
-1.2
-.5
.5
.2
.3
1,897.0
1, 897.9
6.1
6.3
1, 439.7
8.2
8.3
.1
175.5
282.0
176.6
281.6
1.1
-.4
-7.2
4.5
-5.0
4.0
1, 892.5
-.3
9.0
8.9
Profits from current production—
corporate profits with inventory valuation and capital consumption adjustments—declined $2}i billion (revised)
in the second quarter, following a decline of $6 billion in the first (see the accompanying tabulation).3 The secondquarter decline is $1 billion less than
that published a month ago. Domestic
profits of nonfinancial corporations were
revised up $1% billion and domestic
profits of financial corporations were revised down $K billion.
2.2
-.5
1,892.8
Second-quarter corporate profits
.2
1, 439.4
ployment increased 275,000. This increase was the largest since the second
quarter of 1975, and was more than
accounted for by an increase in job
losers. The unemployment rate rose for
each major demographic group—men,
women, and teenagers—and the aggregate rate rose three-tenths of a percentage point, to 6 percent.
The payroll measure of employment
increased only 300,000. Services and
government accounted for virtually the
entire increase; small increases in other
sectors offset a decline of 175,000 in
manufacturing. Average weekly hours
in the private nonfarm economy were
unchanged at 35.6. Manufacturing
hours were up slightly, but not enough
to offset the second-quarter decline.
-.1
[Change from preceding quarter, based on seasonally
adjusted annual rates]
I
II
Billions of dollars
Billions of constant (1972)
dollars
GNP
Personal consumption expenditures..
Nonresidential fixed investment
Residential investment
Change in business inventories
Net exports
Government purchases
._.
Federal
State and local
1,422.1
914.8
145.9
57.2
18.5
13.4
272.3
98.2
174.1
1,422.3
915.0
146.9
56.7
18.1
13.2
272.4
98.1
174.3
Corporate profits with inventory valuation and capital consumption
.2
.2
1.0
-.5
-.4
-2.4
-3.0
-3.4
-2.3
-2.9
-.8
-7.2
.1
2.6
-3.6
9
!
.2
-3.4
-11.0
1.2
-3.3
-11.3
1.6
5 9
.1
Rest of the world
Domestic industries:
Financial
Nonfinancial
.1
-.3
.4
1. Not at annual rates.
NOTE.—For the second quarter of 1979, the following
revised or additional major source data became available: For
personal consumption expenditures, revised retail sales for
June, sales and inventories of used cars of franchised automobile dealers for June, consumption of electricity for May,
expenditures for hospital and telephone service for June, and
expenditures in the United States by foreigners for the
quarter; for nonresidential fixed investment, revised manufacturers' shipments of equipment for June, revised construction put in place for June, and business expenditures for plant,
and equipment for the quarter; for residential investment,
revised construction put in place for June; for change in busi-
163.81
166.6
.02
.1
0
-2.0
Per cent
Real gross domestic product
163.79
166.5
-.5
-7.9
Nonfinancial corporate business:
Index numbers, 1972=100 i
GNP implicit price deflator
GNP fixed-weighted price index.
GNP chain price index
•>. 3
9.2
9.3
8.6
9.3
9.5
8.8
.1
.2
ness inventories, revised book values for manufacturing and trade for June; for net exports of goods and services,
revised merchandise trade for June, and revised service
receipts for the quarter; for government purchases of goods and
services, revised construction put in place for June; for wages
and salaries, revised employment, average hourly earnings,
and average weekly hours for June; for corporate profits,
revised domestic book profits for the quarter, revised dividends from abroad and branch profits (net) for the quarter;
for net interest, revised net interest received from abroad for
the quarter; and for GNP prices, revised residential housing
prices for the quarter.
Unit price
Unit labor cost
Unit nonlabor cost
Unit profits
2.5
-2.6
7.4
13.3
8.3
-21.4
10.2
11.2
14.2
-4. 9
Domestic profits of nonfinancial corporations accounted for most of the
3. Quarterly estimates of the national income and product
accounts are expressed at seasonally adjusted annual rates,
and quarterly changes in them are differences between these
rates.
SUEVEY OF CUERENT BUSINESS
second-quarter decline. These profits
declined $2 billion, following a decline
of $8 billion. Both real corporate product and profits per unit of real product
were down in the second quarter. Unit
profits reflected a faster increase in costs
incurred by corporations than in the
prices they charged. Most of the secondquarter decline in profits occurred in
durable goods manufacturing—particularly motor vehicles—and in the transportation, communication, and utilities
group. Profits in the remaining industries increased. In nondurable goods
manufacturing, large increases in petroleum and food offset declines in
chemicals and other nondurables.
Domestic profits of financial corporations were unchanged from the first
quarter, following a decline of $% billion.
Profits from the rest of the world—
measured by the net inflow of branch
September 1979
profits and dividends—declined $}i billion, following an increase of %2){ billion.
Before-tax profits declined $5}i billion
in the second quarter, following a $6
billion increase in the first. These profits
exclude the two valuation adjustments,
which are designed to value inventories
and fixed capital used up in production
at replacement cost, the valuation
concept underlying national income and
product accounting, rather than at
historical cost, the valuation concept
generally underlying business accounting. If, as in the second quarter, the
historical cost of inventories used up is
less than their replacement cost, profits
as measured by business exceed profits
as measured in the national income and
product accounts by an amount that is
called inventory profits. Following an
increase in $11 billion in the first
quarter, inventory profits declined $3K
billion in the second due to a deceleration in food price increases.
Corporate profits taxes, which are
levied on profits including inventory
profits, declined $2}i billion in the
second quarter, following a decline of
$4 billion in the first. The decline in the
second quarter resulted from lower
before-tax book profits; in the first
quarter, it had resulted from the reduction in Federal corporate income tax
rates and other changes provided by the
Revenue Act of 1978 and the Energy
Act of 1978. After-tax profits declined
$3 billion, following an increase of
$9K billion.
Second-quarter NIPA revisions
The 75-day revisions of the secondquarter national income and product
estimates are shown in table 3.
ERRATA
The following errata have been identified in the U.S. National Income
and Product Accounts: Revised Estimates, 1976-78, which appeared in
the July 1979 issue of the SURVEY.
Table
Line
Period
Published
Correct
Line
Period
Published
Correct
1. 1
21
1975
338, 411
19
1975
40.4
11
1977-11
250. 3
1. 13
23
1978
85, 518
84, 518
1. 15
39
39
1977-III
1977-IV
87.6
87. 1
87. 1
87.6
2. 1
30
31
31
31
31
31
31
31
31
31
31
32
32
32
32
1978
1976-III
1976-IV
1977-1
1977-11
1977-III
1977-IV
1978-1
1978-11
1978-III
1978-IV
1976-III
1977-1
1977-11
1977-III
972.6
5,540
5,665
5,782
5,937
6,096
6,257
6,402
6,584
6,749
6,955
4, 148
4,200
4,255
4,313
12 1976-III
13 1976-III
375.2
134.4
374.2
135.4
5.6
16 1978
12, 400
13, 400
350.3
32
32
32
32
33
33
40.5
1.5
4,374
4,389
4,425
4,461
215.9
217. 6
338, 441
1.4
4,375
4,390
4,426
4,462
215.8
217. 5
2.4
Table
1977-IV
1978-1
1978-11
1978-III
1976-IV
1977-IV
2. 1—
Continued
972.5
5,539
5,664
5,781
5,936
6,094
6,256
6,401
6,583
6,748
6,954
4, 147
4, 199
4,254
4,312
Corrections are shown here for 1929-72 estimates published in The
National Income and Product Accounts of the United States, 1929-74'Statistical Tables. Other corrections and additions appeared in the
November 1976 (pp. 12-13), August 1978 (pp. 67-70), and November
1978 (pp. 27-31) issues of the SURVEY.
Table
dne
1.8
10
1940
6.6
3.6
1. 13
18
18
18
18
1948-1
1948-11
1958-1
1967-IV
8.5
8.4
8.4
8.5
16. 4
23.7
16.5
23.6
19
19
1962-III
1965-1
1. 13
Period
Published
-4.0
-4.0
Correct
-3.9
-3.9
SUEVEY OF CURRENT BUSINESS
September 1979
NATIONAL INCOME AND PRODUCT TABLES
1977
I
1978
II
1978
1979
1978
III
IV
I
II r
1977
1978
I
II
1979
III
IV
I
II r
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of 1972 dollars
Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
,899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2,329. 8 1,340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1,430.6 1,422. 3
Gross national product
, 210.0 1,350.8 1,287.2 1,331.2 1,369.3 1,415.4 1,454.2 1, 475. 9
Durable goods
Nondurable goods..
Services
Gross private domestic investment.
861.7
900.8
882.7
894.8
905.3
920.3
921.8
915.0
178.8
481.3
549.8
Personal consumption expenditures..
200.3
530.6
619.8
185.3
505.9
596.0
200.3
521.8
609.1
203.5
536.7
629.1
212.1
558.1
645.1
213.8
571.1
669.3
208.7
581.2
686.0
138.2
332.7
390.8
146.7
343.3
410.8
139.3
337.3
406.1
147.8
339.4
407.6
147.5
344.7
413.1
152.1
351.9
416.3
150.2
348.1
423.5
144.8
344.1
426.1
303.3
351.5
327.0
352.3
356.2
370.5
373.8
395.4
200.1
214.3
209.0
216.8
214.0
217.4
217.2
221.7
192.5
201.2
281.3
329.1
304.1
326.5
336.1
349.8
354.6
186.9
200.2
201.8
205.5
204.9
203.5
Nonresidential
__
Structures
Producers' durable equipment..
189.4
62.6
126.8
221.1
76.5
144.6
203.7
66.9
136.8
218.8
75.2
143.6
225.9
79.7
146.3
236.1
84.4
151.8
243.4
84.9
158.5
249.1
90.5
158.6
129.3
39.1
90.1
140.1
43.9
96.2
133.1
40.2
93.0
140.3
43.9
96.4
141.6
45.1
96.5
145.5
46.5
98.9
147.2
45.8
101.3
146.9
47.9
99.0
Residential..
Nonfarm structures.
Farm structures
Producers' durable equipment..
91.9
88.8
1.5
1.6
108.0
104.4
1.8
1.9
100.5
96.8
1.9
1.9
107.7
104.3
1.4
2.0
110.2
106.4
1.9
1.9
113.7
110.0
1.9
1.9
111.2
107.8
1.5
1.9
112.9
109.1
1.8
2.0
57.7
55.5
60.1
57.7
1.0
1.4
59.4
56.8
1.1
1.4
60.9
58.6
.8
1.5
60.2
57.7
1.0
1.4
60.0
57.6
1.0
1.4
57.7
55.6
.8
1.4
56.7
54.4
.9
1.4
21.9
20.7
1.2
22.3
21.3
1.1
22.8
22.0
.8
25.8
25.3
.5
20.0
18.5
1.6
20.6
19.3
1.3
19.1
18.8
33.4
32.6
13.1
13.3
*
14.1
13.7
.3
16.5
16.3
.2
15.6
15.5
0
12.2
11.6
.6
12.0
11.5
.5
12.3
12.1
.2
18.1
17.7
.4
-7.6
-6.8
-4.5
4.0
-8.1
10.3
11.0
5.3
12.3
13.3
12.9
17.0
13.2
238.5
234.4
243.7
251.9
98.4
88.2
108.9
97.9
100.7
95.4
109.2
96.9
111.9
98.5
113.8
101.0
117.0
100.0
116.0
102.9
270.7
271.3
274.7
276.0
274.7
272.4
96.6
98.5
99.3
101.1
98.1
174.7
176.2
176.6
173.6
174.3
Fixed investment
Change in business inventories..
Nonfarm
Farm
Net exports of goods and services.
-9.9
Government purchases of goods and services..
Federal
National defense..
Nondefense
State and local
-10.3
-22.2
175.9
185.8
396.2
207.2
217.5
184.4
206.6
205.7
213.3
213.8
220.6
224.9
229.4
435.6
419.4
428.3
440.9
453.8
460.1
466.6
268.5
273.2
144.4
93.7
50.6
251.8
Exports.
Imports.
152.6
99.0
53.6
283.0
150.9
97.6
53.3
268.5
148.2
98.2
50.0
280.1
152.3
99.0
53.3
288.6
159.0
101.2
57.8
294.8
163.6
103.4
60.2
296.5
161.7
106.0
55.7
304.9
100.6
98.6
167.9
174.6
170.9
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product.
1,899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2, 329. 8 1,340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1,430.6 1,422. 3
Final sales
Change in business inventories.
Goods.
1,877.6 2,105.. 2 1,988.5 2,078.4 2,139. 5 2,214.5 2,272.9 2, 296. 4 1,327. 4 1,385.1 1,351.3 1,379.6 1,395.1 1,414. 6 1,418.4 1,404.1
18.1
12.3
12.2
33.4
14.1
16.5
15.6
12.0
13.1
21.9
22.3
20.6
19.1
25.8
22.8
20.0
842.2
930.0
873.0
922.5
940.9
983.8 1,011.8 1,018.1
615.6
639.5
621.4
637.2
641.8
657.3
658.6
647.3
Final sales
Change in business inventories.
Durable goodsT
Final sales
Change in business inventories.
820.2
21.9
907.7
22.3
850.2
22.8
896.7
25.8
920.8
20.0
963.2
20.6
992.7
19.1
984. 6
33.4
602.4
13.1
625.4
14.1
604.9
16.5
621.6
15.6
629.6
12.2
645.3
12.0
646.3
12.3
629.1
18.1
345.9
333.9
11.9
380.4
366.5
13.9
358.7
340.1
18.6
378.0
364.9
13.1
382.6
372.3
10.3
402.3
388.9
13.4
425.5
407.1
18.4
422.4
398.0
24.3
256.5
248.6
8.0
270.0
261.4
8.6
260.3
248.5
11.8
270.8
262.8
7.9
269.9
263.6
6.3
279.1
270.6
8.5
286.0
275.2
10.8
278.3
265.1
13.2
Nondurable goods
Final sales
Change in business inventories.
496.3
486.3
10.0
549.6
541.2
8.4
514.3
510.1
4.2
544.5
531.8
12.7
558.3
548.6
9.7
581.6
574.3
7.2
586.2
585.5
.7
595.7
586. 6
9.1
359.1
353.9
5.2
369.4
364.0
5.5
361.2
356.4
4.7
366.5
358.8
7.6
372.0
366.0
5.9
378.2
374.7
3.5
372.6
371.2
1.4
369.0
364.1
4.9
866.4
190.9
969.3
228.2
934.1
204.2
956.2
225.6
981.7 1,005.3 1,041.4 1,064. 2
237.0
246.0
247.5
238.9
604.4
120.5
630.3
129.5
624.2
122.1
627.9
130.1
633.1
132.4
636.0
133.3
645.2
126.8
647.3
127.7
Services...
Structures.
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product..
Gross domestic product
Business
Nonfarm
Nonfarm less housing..
Housing
Farm
Statistical discrepancy—
Residual i
Households and institutionsGovernment
Federal
State and local.
Revised.
1,881.7 2,107.0 1.992.0 2,083.2 2,138.9 2,213.9 2,267.9 2, 306.1 1,332.9 1,391.1 1,359.9 1,386.8 1,399.2 1,418.4 1.421.7 1, 414. 2
1,609. 0 1,807.8 1.701.1 1,787.5 1,837.6 1,904.9 1,951. 4 1,984.5 1,143. 7 1,197.5 1,167. 5 1,193. 6 1,205.1 1,223.9 1,226. 9 1,219.0
1,552.2 1,745.0 1,641.8 1,725.8 1,774.8 1,837.5 1,880.8 1, 915. 2 1,100. 7 1,160.0 1,126. 6 1,156. 2 1,169.1 1,188.0 1,193.1 1,184. 7
1,404.5 1,579.2 1,482.8 1,562.3 1,607.1 1,664.7 1,702.3 1, 731. 0 986.0 1,039.6 1,007.9 1,036.5 1,048.2 1,065.8 1,068.6 1,058. 2
184.2
122.3
126. 5
124.5
114.7
147.7
119.8
121.0
163.5
120.4
159.0
178.6
118.7
167.7
172.9
165.8
70.6
33.2
35.1
34.4
33.4
49.2
34.2
34.2
33.6
59.4
56.3
70.0
35.7
58.9
63.3
59.5
-1.3
7.5
2.3
3.0
.6
3.9
4.1
3.3
.4
3.2
-.8
2.7
3.4
8.7
5.3
2.4
62.6
69.6
67.3
68.9
70.3
72.1
74.8
75.8
147.0
48.7
98.4
149.9
49.1
100.8
149.4
48.9
100.5
149.8
49.0
100.8
7.6
8.1
7.8
8.4
210.1
66.4
143.7
229.6
71.8
157.8
223.6
70.2
153.4
226.8
70.7
156.1
231.0
71.5
159.4
237.0
74.8
162.2
241.8
75.5
166. 3
245.8
75.8
170.0
17.8
Rest of the world.
r
1,899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2, 329. 8 1,340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1.430.6 1,422. 3
20.5
19.3
21.0
20.7
21.2
24.2
23.7
42.2
43.6
43.0
43.4
44.1
44.4
150.2
49.2
100.9
150.4
49.3
101.1
150.4
49.2
101.2
150. 5
49.1
101.4
8.1
8.1
8.9
8.1
43.9
See footnotes on p . 7.
HISTORICAL STATISTICS
The national income and product data for 1929-72 are in The
National Income and Product Accounts of the United States, 1929-74:
Statistical Tables (available for $4.95, SN 003-010-00052-9, from
Commerce Department District Offices or the Superintendent of
Documents; see addresses inside front cover). Data for 1973, 1974,
1975, and 1975-78 are in the July 1976, 1977, 1978, and 1979
issues of the SURVEY, respectively.
SURVEY OF CUEEENT BUSINESS
6
1979
1978
1977
1978
II
I
September 1979
III
I
IV
1978
II r
1977
1978
I
II
1979
III
II '
I
IV
I
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of dollars
Billions of dollars
Table 6.—Net National Product and National Income by Sector in
Current and Constant Dollars (1.11, 1.12)
Table 4.—Relation of Gross National Product, Net National
Product, National Income, and Personal Income (1.9)
Gross national product
Less: Capital
consumption
allowances
with
capital
consumption adjustment
Capital consumption
allowances without
capital
consumption adjustment
Less: Capital consumption
adjustment
1 899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2,329.8
195.4
216.9
209.1
214.4
219.6
224.6
229.9
239.0
157.4
172.0
167.5
170.9
173.2
176.5
180.1
186.4
- 3 8 . 0 - 4 4 . 9 -41.6 -43.5 -46.4 - 4 8 . 0 -49.7 - 5 2 . 5
Equals: Net national product- 1,704.1 1,910.7 1,802.2 1,889.8 1,940.0 2,010.6 2,062.2 2,090.8
Less: Indirect business tax
and nontax liability...
Business transfer payments
Statistical discrepancy..
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation
and capital consumption adjustments
Net interest
Contributions for social
insurance
Wage accruals less disbursements
Plus: Government
transfer
payments to persons..
Personal interest income
Net interest
Interest paid by government to persons
and business
Less: interest received
by government
Interest paid by consumers to business..
Dividends
Business transfer payments
Equals: Personal income
Net national product.
Net domestic product
186.9
165.1
178.1
173.6
179.3
177.2
182.1
184.8
8.7
7.5
9.2
3.3
8.9
3.0
9.0
2.3
9.2
3.9
9.5
4.1
9.6
.6
— 1.3
3.1
4.2
4.3
4.6
2.8
5.1
1.8
2.6
9.9
, 704.1 1, 910.7 1,802.2 1,889.8 1,940.0 2,010.6 2,062.2 2,090.8
686.3 1,890.1 1,782.9 1,868.8 1,919.3 1,989.4 2,038.1 2,067.2
Business
Nonfarm
Farm
Statistical discrepancy
Households and institutions.
Government
413.5 1 590.
,492. 1 1, 573.1 1,618.1 1, 680. 4 1,,721.
,745.6
371..1 1 534.
, 448.1 ,527. 0 l ,571.1 1,629. 0 1 667.
, 693.1
34.9
43.8
43.1
41.0
43.8
47.3
53.8
53.6
7.5
3.9
3.3
3.0
4.1
2.3
.6 - 1 . 3
70.3
62.6
69.6
67.3
68.9
72.1
74.8
75.8
210.1 229.6 223.6 226.8 231.0 237.0 241.8
245.8
19.3
Rest of the world
17.8
21.0
20.7
24.2
20.5
21.2
23.7
National income
1,703. 9 1
,525. 8 1
1,752.5 1 820. 0 1,,869.0
[,724.3 1,621.0 1
1,897.9
Domestic income
1,682.9 1
508.0 1,703.8 1,601.7 1
1,731. 8 1 798.8 1,844.9 1
,874.3
Business
, 235.2 1, 404. 6 1, 310.8 1,387.1 1,430.
,
489. 8 1 528. 3 1, 552. 7
.,
,201.7 1, 361. 3 1 270.4 1,344. 3 % 388.
Nonfarm
441. 9 1 476.7 1, 500. 9
.,
1.
Farm
33.5
43.3
40.3
47.9
51.8
42.8
41.9
51.6
67.3
Households and institutions.
62.6
69.6
72.1
70.3
75.8
74.8
223.6 226.8 231.0 237.0 241.8 245.8
Government
210.1 229.
Rest of the world.
17.8
20.5
1,525.8 1,724.3 1,621.0 1,703.9 1,752.5 1,820.0 1,869.0 1,897.9
167.7
109.5
141.2
101.5
169.4
106.8
175.2
111.9
184.8
117.6
178.9
122.6
176.6
125.6
142.5
164.1
158.3
162.6
165.7
170.0
184.6
187.7
0
0
.4
.1
—.9
0
.2
199.6
214.9
208.5
209.8
219.1
222.3
227.7
233.7
141.7
94.0
163.3
109.5
152.2
101.5
159.4
106.8
167.2
111.9
174.3
117.6
181.0
122.6
187.6
125.6
43.8
49.8
47.1
48.9
51.1
52.1
55.0
58.3
25.3
30.7
28.7
30.3
31.4
32.4
34.3
35.4
29.3
42.1
34.8
47.2
32.4
45.1
34.0
46.0
35.6
47.8
37.1
49.7
37.7
51.5
39.0
52.3
8.7
9.2
8.9
9.0
9.2
9.5
9.6
9.9
21.0
20.7
21.2
24.2
23.7
Billions of 1972 dollars
Net national product
150.0
94.0
19.3
Net domestic product
,211.2 ,266.7 1,236.3 1, 263.0 1,274.4 1,292.9 1,296.1 1,286.0
203. 6 1,258.5 1,228.4 1,254. 6 1,266.3 1,284. 1,287.2 1,278.0
1.8
, 014.4 1,065. 0 1 036.1 1,061.4 1,072. 2 1,,090. 3 1 092.4 1,082.8
Business
.,
.,
980. 5 1 036.7 1,004. 3 1 033." 1,045. 5 1 , 063.7 1,067.9 1,057. 8
".,
" ".,
Nonfarm
3
25.2
24.9
26.5
24.9
Farm
24.3
24.0
24.1
25.7
3.4
5.3
3.2
8.7
2.4
2.7
.4
Residual»
-.8
43.6
43.0
43.4
42.2
43.9
44.1
Households and institutions.
44.4
44.7
149.4 149.8 150.2 150.4 150.4
147.0 149.
Government
150.5
8.4
7.8
8.1
Rest of the world
7.6
8.1
8.1
8.9
8.1
National income
1,070. 2 1,,124.4 1,095.3 1,121.8 1,131.9 1,148.5 1,153.2
1,145.8
Domestic income
1,062.6 1,116.2 1,087.4 1,113.4 1,123.8 1,140.4 1,144.4
1,137.7
873.4 922.7 895.1 920.2 929.7 945.9 949.5 942.5
Business
846.6 896.0 866.6 893.6 903.9 920.1 923.6 914.7
Nonfarm
26.9
28.5
26.7
Farm
25.8
25.8
25.9
27.8
26.7
42.2
43.0
43.6
43.
44.1
44.4
Households and institutions.
44.7
43.4
147.0 149.9 149.4 149.8 150.2 150.4 150.4 150.5
Government
Rest of the world.
7.6
8.1
7.8
8.4
8.1
8.1
8.9
8.1
1,531.6 1,717.4 1,634.8 1,689.3 1,742.5 1,803.1 1,852.6 1,892.5
r
Table 5.—Relation of Gross National Product, Net National
Product, and National Income in Constant Dollars (1.10)
[Billions of 1972 dollars]
Gross national product- _
Less: Capital
consumption
allowances with capital consumption adjustment. _
, 340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1,430.6 1,422.3
129.3
132.5 131.5 132.2 132.9 133.6
134.5
136.3
Equals: Net national product.. 1,211.2 1,266.7 1,236.3 1,263.0 1,274.4 1,292.9 1 ,296.1 1,286.0
Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current surplus of government
enterprises
Residual
Equals: National i n c o m e . . .
Revised.
1. Equals G N P in constant dollars measured as the sum of final products less G N P in constant dollars measured as the sum of gross product by industry. The quarterly estimates are
obtained by interpolating the annual estimates with the statistical discrepancy deflated by
the implicit price deflator for gross domestic business product.
NOTE.—Table 6: The industry classification within the business sector is on an establishment basis and is based on the 1972 Standard Industrial Classification.
132.3
138.9
3.4
135.7
5.
138.0
140.2
141.8
142.5
2.4
2.7
.4
141.0
1,070.2 1,124.4 1,095.3 1,121.8 1,131.9 1,148.5 1,153.2 1,145.8
Footnotes for tables 2 and 3.
1. Equals G N P in constant dollars measured as the sum of final products less G N P in constant dollars measured as the sum of gross product by industry. The quarterly estimates are
obtained by interpolating the annual estimates with the statistical discrepancy deflated by
the implicit price deflator for gross domestic business product.
NOTE.—Table 2: "Final sales" is classified as durable or nondurable by type of product.
"Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of product sold by the establishment holding the inventory; for construction, durable; and for other
industries, nondurable.
Table 8: The industry classification within the business sector is on an establishment basis
and is based on the 1972 Standard Industrial Classification.
SUEVEY OF CUREENT BUSINESS
September 1979
1978
1977
II
1978
1978
1979
III
IV
I
1977
II
1978
National income
Compensation of employees
Corporate profits with inventory valuation and
capital consumption
140.1
adjustments
167.3
Profits before tax
Profits tax liability-__. 72.6
94.7
Profits after tax
37.4
Dividends
Undistributed prof57.2
its
Inventory valuation ad-15.2
justment
Capital consumption
-12.0
adjustment
9.0
Net interest
1,525.8 1,724.3 1,621.0 1
1,703.9 1,752.5 1,820.0 1,869. 0 1,897.9
1,156.9 1,304.5 1,244.0 1
L.288. 1,
1.2 ,321.1 1,364.8 1,411. 2 1,439.7
Proprietors' income with inventory valuation and capital consumption adjustments
_
Farm
Proprietors' income with
inventory valuation adjustment and without
capital consumption adjustment
Capital consumption adjustment
Nonfarm
Proprietors' income without inventory valuation
and capital consumption adj ustments
Inventory valuation adjustment..
Capital consumption adjustment
Rental income of persons with
capital consumption adjustment
_
Rental income
Capital consumption adjustment
Corporate profits with inventory valuation and capital
consumption adjustments..
984.0 1,103.5 1,052.0 1,090. 1,117. 4 1 ,154.7 1,189.4 1,211.5
1.0
215.3
874.6
198.3
219.2
898.1
225.1
929.6
228.1
961.3
231.2
980.3
201.0
212.3
839.7
192.0
203.7
210.1
221.8
228.2
94.6
106.5
91.0
101.1
93.6
104.7
95.5
108.2
98.2
111.9
105.8
116.0
107.9
120.3
81.2
91.8
100.2
116.8
109.1
115.0
117.4
125.7
129.0
27.7
25.7
27.7
26.1
31.3
34.2
33.7
24.0
32.6
30.4
32.5
31.1
36.4
39.3
;9.o
-4.3
80.5
-4.9
89.1
-4.7
83.4
-4.
87.3
-5.0
91.3
-5.1
94.4
-5.1
94.8
-5.3
95.5
81.9
92.2
85.6
90.1
94.5
98.5
-2.1
-1.7
-2.0
-2.0
-2.4
-3.1
-2.5
-1.0
-.5
-1.1
-1.6
-1.
-2.5
24.7
25.9
25.2
24.4
26.8
27.1
27.3
26.8
44.2
49.3
46.9
47.3
50.9
52.1
53.0
54.1
-.1
100.5
- 1 9 . 5 - 2 3 . 4 -21.7 - 2 2 . 9 - 2 4 . 1 - 2 5 . 0 - 2 5 . 7 - 2 7 . 3
150.0
167.7
141.2
169.4
175.2
184.8
178.9
176.6
Corporate profits with inventory valuation adjustment and without capital
consumption adjustment.. 162.0 180.8 153.6 182.0 189.0 198.6 193.3 191.3
Profits before tax.
177.1 206.0 177.5 207.2 212.0 227.4 233.3 227.9
Profits tax liability....
72.6
84.5
87.5
70.8
95.1
91.3
84.7
88.7
Profits after tax
104.5 121.5 106.7 122.4 124.6 132.3 142.0 139.3
Dividends
47.8
49.7
42.1
47.2
45.1
51.5
46.0
52.3
Undistributed profits
76.8
82.6
62.4
74.3
61.6
90.5
76.4
87.0
Inventory valuation adjustment
-23.0 -28.8
-39.
-36.6
Capital consumption ad- - 1 5 . 2 - 2 5 . 2 - 2 3 . 9 - 2 5 . 1
justment
-13.8 -13.8
-12.0 -13.1 -12.4 -12.6
-14.5 -14.7
111.9 117.6
Net interest
94.0 109.5 101.5 106.8
122.6 125.6
Addenda:
Corporate profits with inventory valuation and
capital consumption adjustments
150.0 167.7 141.2 169.4 175.2 184.8 178.9 176.6
Profits tax liability...
_.
72.6
84.5
70.8
91.3
95.1
84.7
88.7
Profits after tax with inventory valuation and capital
consumption adjustments.
83.2
70.4
84.7
87.8
87.6
77.3
88.0
Dividends
45.1
46.0
47.8
51.5
52.3
49.7
42.1
Undistributed
profits
with inventory valuation and capital consumption adjustments.
35.2
36.0
40.0
25.3
38.7
36.1
40.1
35.6
Table 8.—Gross Domestic Product of Corporate Business (1.15, 7.8)
Gross domestic product
of corporate business... 1,164.5 1,311.9 1,230.8 1,300.5 1,333.9 1,382.2 1,414.6 1,439.4
Capital consumption allowances with capital consumption adjustment
121.3 132.
128.9 131.7 134.3 136.8 139.9 145.1
Net domestic product
1,043.1 1,,178. 9 1,101. 9 1,168.9 1,199. 6 1 245.4 1,274.7 1, 294. 3
.,
Indirect business tax and
nontax liability plus business transfer payments
less subsidies..
117. 2 127.6 123.2 127.7 128.0 131.6 133.8 135.4
Domestic income
925.9 1,051.3 978.7 1,041.2 1,071. 6 1,113.8 1,140.9 1,158. 9
Compensation of employees
776.9 884.9 839.0 873.9 897.4 929.1 964.1 984.0
Wages and salaries
651.9 739.0 700.3 730.1 749.5 776.2 802.7 817.9
Supplements to wages
and salaries
125.0 145.9 138.7 143.8 148.0 152.9 161.4 166.0
I
II'
157.5
195.8
84.5
111.3
42.1
131.1
167.4
70.8
96.6
40.4
158.4
196.1
84.7
111.4
40.2
165.1
201.9
87.5
114.4
43.1
175.3
217.8
95.1
122.8
44.8
69.2
56.2
71.2
71.3
78.0
167.0
221.4
91.3
130.1
46.8
83.3
- 2 5 . 2 -23.9 - 2 5 . 1 - 2 3 . 0 - 2 8 . 8
164.9
216.2
88.7
127.6
47.6
79.9
-36.6
-39.!
-13.1 -12.4 -12.6 -13.8 -13.8 -14.5 -14.7
9.0
10.1
8.6
8.8
9.1
9.4
9.8
Gross domestic product
of financial corporate
business 1
58.1
64.0
68.2
69.0
65.0
61.7
66.0
68.1
Gross domestic product
of nonfinancial cor1,106. 3 1, 246. 9 1,169.1 1,236. 5 1,267. 9 1
porate business
1,314.1 1,346.4 1,370.4
129.3
19.6
—1.
IV
Table 8.—Gross Domestic Product of Corporate Business—Con.
Table 7.—National Income by Type of Income (1.13)
218.0
885.5
III
Billions of dollars
Billions of dollars
201.3
782.7
172.9
II
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Wages and salaries
Government and government enterprises
Other
Supplements to wages and
salaries
_
Employer contributions for
social insurance
Other labor income
I
1979
Capital consumption allowances with capital consumption adjustment
116.0 126.9 123.2 125.8 128.2 130.5 133.4 138.4
Net domestic product
990. 3 1,120. 0 1,
L,
,045. 8 1,
,110.8 1, 139.7 1,183.5 1,213.0 1 232. 0
Indirect business tax and
nontax liability plus business transfer payments
107.8 117.2 113.2 117.4 117.5 120.7 122.8 124.2
less subsidies
882.5 1,002.7 932.6 993.4 1,022.2 1,062. 8 1,090.2 1,107.8
Domestic income
Compensation of em732.6 834.7 791.4 824.6 846.5 876.5 910.0 928.4
ployees
615.3 697.8 661.1 689.5 707.6 733.0 758.3 772.5
Wages and salaries
Supplements to wages
117.3 137.0 130.2 135.1 138.9 143.1 151.7 155.9
and salaries
Corporate profits with inventory valuation and
capital consumption
116.5 128.3 104.3 130.0 135.1 143.8 135.9 133.9
adjustments
143.5 166.1 140.2 167.3 171.3 185.7 189.5 184.2
Profits before tax
Profits tax liability.... 59.6 68.8 56.5 69.5 71.2 77.9 74.7 71.8
83.8
97.4
83.8
97.8 100.1 107.8 114.8 112.5
Profits after tax
37.2
47.3
41.8
40.4
44.1
46.2
40.0
42.8
Dividends
Undistributed prof65.2
46.6
55.5
63.7
68.6
43.3
57.7
57.3
its
Inventory valuation ad-36.6
-15.2 -25.2 -23.9 -25.1 -23.0 -28.8
justment
Capital consumption
-11.8 -12.6 -12.1 -12.1 -13.2 -13.1 -13.6 -13.8
adjustment
45.5
44.2
33.4
42.4
39.7
37.0
38.8
40.6
Net interest
Billions of 1972 dollars
Gross domestic product
of nonfinancial corporate business
Capital consumption allowances with capital consumption adjustment
Net domestic product
Indirect business tax and
nontax liability plus business transfer payments
less subsidies
Domestic income
770.7
818.7
789.8
817.1
826.3
841.4
846.6
841.0
76.9
693.8
78.4
740.3
77.9
711.9
78.2
738.9
78.6
747.7
78.9
762.6
79.3
767.3
80.2
760.8
86.7
607.1
90.5
649.7
88.7
623.2
89.9
649.0
91.1
656.6
92.4
670.2
93.7
673.6
91.3
669.5
Dollars
Current-dollar cost per
unit of constant-dollar
gross2 domestic product
Capital consumption allowances with capital consumption adjustment
Net domestic product
Indirect business tax and
nontax liability plus business transfer payments
less subsidies
Domestic income
Compensation of employees
Corporate profits with inventory valuation and
capital consumption
adjustments
Profits tax liability
Profits after tax with inventory valuation and
capital consumption
adjustments
Net interest
r
1.436
1. 523
, . 480
1. 513
1. 534
1. 562
1. 590
1.629
.151
1.2S5
155
1. 368
156
1. 324
154
1. 359
155
1. 379
155
1. 407
158
1. 433
.165
1.465
.140
1.145
143
1. 225
143
1. 181
144
1. 216
142
143
1. 237
1. 263
145
1. 288
.148
1.317
.951
1. 020
1. 002
1. 009
1. 024
1. 042
1. 075
1.104
.151
.077
157
084
132
071
159
085
163
086
171
093
161
088
.159
.085
.074
.043
073
048
061
047
074
047
077
049
078
050
072
052
.074
.054
Revised.
1. Consists of the following industries; Banking; credit agencies other than banks; security,
commodity brokers and services; insurance carriers; regulated investment companies; small
business investment companies; and real estate investment trusts.
2. Equals the deflator for gross domestic product of nonfinancial corporate business with
the decimal point shifted two places to the left.
SUKVEY OF CURRENT BUSINESS
8
1979
1978
1977
1978
I
II
September 1979
III
IV
I
1978
II r
1977
1978
Seasonally adjusted at annual rates
Final sales
71.2
Personal consumption expenditures.
61.7
46.2
New autos
Net purchases of used
15.5
autos..
Producers' durable equip12.5
ment
19.1
New autos
Net purchases of used
-6.6
autos
-3.6
Net exports
7.0
Exports
10.7
Imports
Government purchases of
.6
goods and services
77.5
73.9
79.6
75.8
III
IV
I
II r
Billions of dollars
Table 10.—Personal Income and Its Disposition (2.1)
Table 9.—Auto Output in Current and Constant Dollars (1.16, 1.17)
72.3
II
Seasonally adjusted at annual rates
Billions of dollars
Auto output.
I
1979
80.6
84.3
77.5
76.7
70.5
80.0
78.1
78.3
84.6
76.1
68.0
50.3
62.3
46.4
70.2
53.0
68.9
50.4
70.6
51.3
74.0
55.5
68.2
49.5
17.7
15.8
17.2
18.5
19.3
18.5
18.7
14.2
22.1
14.7
22.5
14.8
23.3
13.9
22.5
14.2
23.9
12.3
21.5
-7.9
-6.1
7.6
13.7
13.3
19.9
-6.6
-5.7
7.0
12.6
-7.8 -8.5
-5.6 -6.3
7.8
7.5
13.1 14.1
-8.6
-6.8
8.0
14.8
-9.8
-4.2
9.4
13.6
-9.2
-4.9
9.9
14.8
.6
.6
.6
.6
Personal income
531.6 1,717.4 1,634.8 1,689.3 1,742.5 [,803.1 ,852.6 ,892.5
Wage and salary disbursements
Commodity-producing industri es 3
Manufacturing
Distributive industries4 -...
Service industries 6
Government and government enterprises
984.0 1,103.3 1,052.0 1,090.0 1,116.8 ,154.3 ,189.3 ,212.4
New..
Used-
1.1
.7
3.5
1.3
-.2
.9
-.1
3.7
-.2
.6
.6
-2.3
2.2
-.3
1.5
- . 9 -2.4
0
.4
2.9
-.7
-.6
.3
2.3
-.4
Addenda:
Domestic 1 output of new
autos
--..
Sales of imported new autos2.
59.5
15.0
63.6
16.4
59.7
15.4
64.8
16.4
62.7
16.8
67.3
17.0
71.8
19.5
65.8
19.5
Billions of 1972 dollars
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 of
goods and services
Change in business inventories of new and used autos.
New.
Used.
r Revised
383.4
294.1
265.9
225.4
393.7
300.8
272.5
231.
408.6
312.7
281.6
239.4
423.0
324.8
291.1
247.2
431.7
328.5
295.8
252.8
201.3
217.8
212.3
215.3
218.7
224.7
228.0
232.1
91.8
106.5
101.1
104.7
108.2
111.9
116.0
120.3
100.2
116.8
109.1
115.0
117.4
125.7
129.0
129.3
19.6
80.5
27.7
89.1
25.7
83.4
27.7
87.3
26.1
91.3
31.3
94.4
34.2
94.8
33.7
95.5
Rental income of persons with
capital consumption adjustment
24.7
25.9
25.2
24.4
26.8
27.1
27.3
26.8
Dividends
42.1
47.2
45.1
46.0
47.8
49.7
51.5
52.3
Personal interest income...
141.7
163.3
152.2
159.4
167.2
174.3
181.0
187.6
208.4
224.1
217.4
218.8
228.3
231.8
237.3
243.6
104.9
116.3
111.4
112.4
119.8
121.5
123.8
127.1
12.5
13.8
9.2
13.9
10.5
14.0
9.2
13.7
9.0
13.7
8.2
14.1
8.7
14.5
8.8
14.1
29.2
32.9
31.4
32.5
33.1
34.6
35.3
36.7
10.6
37.3
10.7
41.1
10.7
39.5
10.8
40.3
10.7
42.0
10.7
10.7
44.3
10.8
46.2
61.3
69.6
67.3
69.0
70.2
78.7
79.8
280.4
290.7
Other labor income
_
Proprietors' income with inventory valuation and capital consumption adjustments
Farm
Nonfarm.
55.2
54.9
53.6
56.8
53.0
56.3
58.1
52.9
54.2
54.6
51.4
57.6
54.8
54.8
57.8
51.3
44.4
35.9
45.4
36.3
42.9
34.4
47.6
38.7
45.2
35.9
45.9
36.4
47.1
38.3
42.5
33.3
8.5
9.1
8.5
8.9
9.3
9.5
8.7
9.2
10.8
14.8
11.2
15.9
10.6
14.7
11.6
16.4
11.5
16.5
11.0
15.9
11.2
16.5
9.3
14.4
Less: Personal contributions
for social insurance...
-4.0
-1.5
5.4
6.9
-4.7
-2.4
5.5
7.8
-4.2
-2.5
5.1
7.6
-4.8 -5.0
-2.2 -2.4
5.5
5.6
7.6
7.9
-5.0
-2.6
5.6
8.2
-5.4
-.9
6.5
7.4
-5.1
Less: Personal tax and nontax
payments
.5
.5
.5
.5
.5
.4
.4
.4
1.0
.3
2.2
-.7
-1.8
1.6
.4
1.6
1.1
-.1
.4
-.1
2.3
-.1
-1.0 -1.8
0
.3
2.0
-.4
.2
.2
2.0
-.5
46.3
11.7
46.0
11.8
44.2
11.4
44.6
11.9
47.7
12.1
49.6
13.4
44.2
13.1
6.6
7.5
47.3
12.0
,
. .
xl
1. Consists of final sales and change in business inventories of new autos produced m the
United States.
.
2. Consists of personal consumption expenditures, producers' durable equipment, ana
government purchases.
3. Consists of agriculture, forestry, andfisheries;mining; construction; and manufacturing.
4. Consists of transportation; communication; electric, gas, and sanitary services; and trade.
5. Consists offinance,insurance, and real estate; services; and rest of the world.
NOTE.—Table 10: The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is based on the 1972 Standard Industrial
Classification.
363.9
285.6
257.6
218.2
Old-age, survivors, disability, and health insurance
benefits
Government
unemployment insurance benefits...
Veterans benefits
Government employees retirement benefits
Aid to families with dependent children...
Other
Addenda:
Domestic l output of new
autos
Sales of imported new autos2
387.4
298.3
269.4
228.
Transfer payments
Change in business inventories of new and used autos..
343.1
266.0
239.1
200.5
42.
71.8
226.4
259.0
239.8
252.1
266.0
278.2
Equals: Disposable personal
,524.8 1, 572.2 1 ,601.7
income
1,305.1 1,458.4 1,395.0 11,437. 3 1
1,476. 5 1,
,453. ,493. 0 1,515.8
1,240.2 1,386.4 1,,320.4 1,366.1 1,405. 6 1,
Less: Personal outlays
Personal consumption expenditures
1,210.0 1,350.8 1,287. 1,331.2 1,3
1,415. 4 1, 454.2 1,475.9
Interest paid by consumers
29.
39.0
to business
34.8
32.4
37.1
37.
34.0
35.6
Personal transfer payments
.9
.8
to foreigners (net)
.9
.8
.9
1.1
.9
70.9
85.9
65.0
72.0
Equals: Personal saving
74.6
71.5
79.2
71.2
Addenda:
Disposable personal income:
Total, billions of 1972
dollars
Per capita:
Current dollars..
1972 dollars
Population (millions)
Personal saving as percentage of disposable personal
income
976.:
991.5
6,583
4,425
6,748
4,461
6,954,522
7,15:
4,536
7,275
4,510
217.9
218.
218.8
219.3
219.7
220.2
5.3
5.0
4.8
4.7
5.0
5.4
929.5
972.5
956.6
6,01'
4,285
216.9
6,672
4,449
6,401
4,389
218.6
5.0
4.9
993.0
SURVEY OF CURRENT BUSINESS
September 1979
1979
1978
1977
I
1978
II
III
IV
I
1978
II'
1977
II
I
1978
Seansonally adjusted at <
annual rates
1979
III
I
IV
II'
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1972 dollars
Table 11.—Personal Consumption Expenditures by Major Type of Product in Current and Constant Dollars (2.3, 2.4)
1,210.0 1,350.8 1,287.2 1,331.2 1,369.3 1,415.4 1,454.2 1,475.9
Personal consumption expenditures._
Durable goods
861.7
900.8
882.7
894.8
905.3
920.3
921.8
915.0
138.2
146.7
139.3
147.8
147.5
152.1
150.2
144.8
178.8
Motor vehicles and parts
Furniture and household equipmentOther
200.3
185.3
200.3
203.5
212.1
213.8
81.6
70.9
26.3
_
208.7
91.2
77.6
31.5
84.1
72.4
28.8
93.5
76.5
30.4
92.4
78.9
32.2
94.9
82.7
34.5
97.7
82.1
34.0
89.1
84.2
35.4
60.2
57.3
20.8
62.7
60.3
23.7
59.6
57.6
22.2
65.0
59.7
23.1
62.4
60.9
24.2
63.7
62.9
25.5
64.0
61.4
24.8
57.1
62.4
25.4
481.3
Food
Clothing and shoes.
Gasoline and oil
Fuel oil and coal
Other
530.6
505.9
521.8
536.7
558.1
571.1
581.2
332.7
343.3
337.3
339.4
344.7
351.9
348.1
344.1
246.7
82.4
46.7
13.1
92.5
Nondurable goods
271.7
91.2
50.9
14.0
102.9
260.6
85.4
48.1
14.6
97.2
267.7
89.9
49.0
14.4
100.8
274.5
92.7
51.5
13.4
104.7
283.9
96.8
55.0
13.6
108.9
292.9
95.5
58.4
15.4
108.9
296. 7
96.9
60.2
17.2
110.2
166.5
67.4
26.8
5.5
66.5
167.1
72.7
28.0
5.5
70.0
167.8
68.9
27.0
5.9
67.6
165.5
71.5
27.5
5.7
69.2
166.6
73.8
28.3
5.3
70.7
168.6
76.4
29.1
5.2
72.6
167.2
75.0
29.1
5.5
71.2
166.7
74.9
26.1
5.3
71.0
549.8
Housing
Household operation.
Electricity and gas.
Other
Transportation
Other..
619.8
596.0
609.1
629.1
645.1
669.3
686.0
390.8
410.8
406.1
407.6
413.1
416.3
423.5
426.1
187.3
82.0
38.3
43.7
43.6
236.9
Services.
212.2
91.4
42.6
48.8
49.2
267.1
202.5
90.4
43.4
47.0
47.6
255.5
209.0
88.9
40.8
48.1
48.6
262.6
215.0
92.5
42.8
49.7
49.7
271.9
222.1
93.7
43.4
50.3
50.8
278.5
229.5
99.1
47.7
51.4
52.9
287.8
236. 3
99.7
47.3
52.5
54.5
295.5
142.5
55.7
22.5
33.1
30.5
162.1
150.8
58.6
23.2
35.4
32.5
168.9
147.9
59.4
24.6
34.8
31.9
166.9
149.9
57.4
22.2
35.2
32.4
167.9
151.7
58.4
22.7
35.7
32.7
170.2
153.7
59.1
23.2
35.9
33.0
170.5
156.4
61.6
25.2
36.4
33.6
171.9
158. 6
60.7
23.8
36.9
33.9
172.9
1978
1977
1978
II
1979
III
1978
IV
1977
1978
Seasonally adjusted at annual rates
III
Billions of dollars
Table 12.—Federal Government Receipts and Expenditures (3.2)
Table 13.—State and Local Government Receipts and
Expenditures (3.4)
375.4 432.1 397.8 424.8 442.1 463.5 475.0 485.8
Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Indirect business tax and nontax accruals
Excise taxes
Customs duties l
Nontaxes
169.6 194.9 178.9
200.9 211.0 213.0 223.4
162.3 189.4 173.3 183.4 195.6 205.4 207.4 217.8
7.2
5.2
5.3
5.4
5.4
5.1
5.4
5.3
.2
.2
.2
.2
.2
.2
61.8
72.0
60.2
72.2
74.6
81.2
77.2
74.9
25.1
17.6
5.4
2.1
28.1
18.4
7.1
2.6
26.6
17.8
6.4
2.4
28.0
18.5
7.1
2.5
28.4
18.5
7.3
2.6
29.3
18.9
7.6
2.8
29.4
18.
7.5
3.0
29.9
19.3
7.5
3.2
Receipts..
Personal tax and nontax receipts
Income taxes
Nontaxes
Other
298.8 331.0 319.0 330.5 331.8 342.6 343.9
56.8
30.9
18.5
7.4
64.1
35.5
20.8
7.8
63.3
35.2
20.4
7.7
65.0
36.0
21.1
7.9
67.2
37.3
21.9
8.0
67.3
36.5
22.7
8.2
67.3
35.6
23.4
8.3
12.5
12.9
13.9
14.1
13.7
151.3 148.8 152.8 155.5
70.5 72.3 74.8 76.1
65.5 60.8 61.9 62.8
15.3 15.7 16.1 16.6
157.0
76.2
63.7
17.1
28.0
29.1
30.2
80.7
77.8
118.9 137.0 132.2 135.8 138.2 142.0 155.5 157.5
421.7 459.8 447.3 449.4 462.6 479.7 486.8 492.9
Contributions for social insurance
23.6
27.1
26.0
Purchases of goods and services..
National defense
Compensation of employees.
Military
Civilian
Other
144.4 152.6 150.9 148.2 152.3 159.0 163.6 161.7
98.2 99.0 101.2 103.4 106.0
93.7 99.0 97.
42.9 46.1 45.2 45.4 45.9 48.0 48.3 48.4
26.1 27.2 27.2 27.1
24.9 26.3 25.9 25.
19.3 19.5 19.8 20.8 21.1 21 2
18.0 19.
50.8 52.9 52.4 52.8 53.1 53.2 55.2 57'. 6
Federal grants-in-aid
67.5
77.3
74.4
Nondefense
Compensation of employees.
53.6 53.3 50.0 53.3 57.8 60.2 55.7
25.7 25.0 25.3 25.6 26.8 27.2 27.4
27.9 28.3 24.7 27.7 31.0 33.0 28.3
172.7 185.4 179.8 180.7 188.8 192.1 196.8 201.9
169.5 181.6 176.4 176.8 185.3 187.
192.7 198.0
3.9
3.4
3.7
4.0
4.2
3.5
3.9
Contributions for social insurance
Expenditures
Other
Transfer payments.
To persons
To foreigners
Grants-in-aid to State and local
governments
Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received by government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government
enterprises
50.6
23.5
27.1
67.
77.3
74.4
29.0
35.4
29.9
5.
6.4
34.8
43.4
34.8
8.7
8.6
32.5
40.3
32.4
7.8
7.
8.1
77.6
34.0
42.4
34.0
8.4
8.4
80.7
77.8
77.7
35.6
44.6
36.0
8.6
9.0
37.1
46.5
40.0
50.4
39.3
11.0
10.3
42.6
53.1
42.6
10.6
10.6
9.8
9.1
8.4
-.8
-1.
9.8
9.4
10.9
10.
8.1
-.7
Surplus or deficit (-), national
income and product accounts. -46.3 - 2 7 . 7 -49.4 - 2 4 . 6 - 2 0 . 4 -16. -11.7 - 7 . 0
Social insurance funds
- 9 . 9 —1. - 1 . 8
9.1
7.1
1.
-3.7
Other funds
-26.3 -47.6 -26.1 -16.7 -14.9 -20.8 - 1 4 . 1
Surplus or deficit (—), national
income and product accounts..-.
Social insurance funds..
Other funds
r
27.5
326.1
251.8 283.0 268.5 280.1 288.6 294.8 296.5
143.7 157.8 153.4 156.1 159.4 162.2 166.3
108.1 125.2 115.1 124.0 129.1 132.6 130.2
304.9
170.0
135.0
32.1
33.0
21.0
34.4
-5.2
5.4
27.4
30.2
29.6
23.2
4.2
22.4
7.9
23.1
6.5
35.7
15.7
24.0
24.8
-5.6 -5.8 -6.5
.3
.2
.3
-6.4
.3
23.0
5.8
6.1
.3
.2
0
35.0
-9.0
15.8
22.5
5.3
26.8
19.6
7.3
33.8
-6.4 -7.0 -7.3 -7.6
15.4
14.6
Subsidies less current surplus of government enterprises
- 5 . 0 -5.5 - 5 . 4
Subsidies
.2
2
.2
Less: Current surplus of government
5.6
5.7
enterprises
Less: Wage accruals less disbursements
26.8
271.9 303.6 288.8 301.0 309.1 315.5 316.3
30.2 33.3
Transfer payments to persons.
-5.0 -7.1
Net interest paid
13.9 15.0
Interest paid
Less: Interest received by govern18.9 22.1
ment
9.0
8.3
Less: Wage accruals less disbursements
0 - 7 9 - 2
Expenditures
Purchases of goods and servicesCompensation of employees
Other
.
345.9
60.9
33.5
19.8
7.6
10.9 12.5 10.6
Corporate profits tax accruals
Indirect business tax and nontax accruals
140.0 150.0 147.0
63.9 71.3 67.7
Sales taxes....
62.4 63.2 04.5
Property taxes
13.7 15.5 14.8
Other
299-722
IV
Seasonally adjusted at annual rates
Billions of dollars
Receipts..
II
1979
.4
22.7
23.6
27.1
23.8
3.3
Revised.
1. Includes fees for licenses to import petroleum and petroleum products.
6.8
.3
-.9
27.6
19.7
25.0
2.0
26.0
-6.3
SUEVEY OF CUKKENT BUSINESS
10
1978
1977
1978
I
II
September 1979
1979
III
IV
I
1978
II r
1977
1978
Seasonally adjusted at annual rates
Receipts from foreigners. 175.9
207.2
184.4
205.7
213.8
224.9
239.6
244.9
Exports of goods and services.. 175.9
119.7
Merchandise
56.1
Other
207.2
140.7
66.5
184.4
122.6
61.9
205.7
139.9
65.8
213.8
145.9
67.9
224.9
154.5
70.4
238.5
163.0
75.5
243.7
166.8
76.9
1.1
0
0
0
Payment to foreigners. -. 175.9
207.2
184.4
205.7
213.8
224.9
239.6
244.9
Imports of goods and services. 185.8
150.6
Merchandise
35.2
Other
217.5
174.9
42.6
206.6
167.3
39.3
213.3
172.0
41.3
220.6
177.2
43.4
229.4
183.1
46.3
234.4
186.0
48.4
251.9
200.4
51.4
4.2
.9
3.2
4.6
.8
3.7
4.2
.8
3.4
4.8
.9
3.9
4.2
.7
3.5
5.1
.9
4.2
5.1
1.1
4.0
4.7
.9
3.9
5.5
8.7
7.8
8.4
8.6
9.8
11.0
10.6
- 1 9 . 6 - 2 3 . 5 - 3 4 . 2 - 2 0 . 8 -19.6 -19.4 - 1 1 . 0
-22.3
Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government
to foreigners
Net foreign investment..
0
III
IV
I
II r
Billions of dollars
Table 14.—Foreign Transactions in the National Income and
Product Accounts (4.1)
0
II
Seasonally adjusted at annual rates
Billions of dollars
Capital grants received by the
United States (net)
I
1979
0
1.1
Table 16.—Inventories and Final Sales of Business in Current and
Constant Dollars (5.9, 5.10)
526.4
544.7
563.2
66.1
69.0
71.5
76.7
79.8
81.2
460.3
266.8
193.5
475.7
275.9
199.8
491.7
285.2
206.5
510.2
296.7
213.5
533.5
311.2
222.4
553.9
324.5
229.4
Manufacturing.
Durable goods
Nondurable goods..
230.3
149.1
81.2
237.0
153.9
83.1
245.5
159.9
85.6
253.7
165.8
87.9
267.4
175.4
92.0
277.7
183.1
94.6
Wholesale trade
Durable goods
Nondurable goods..
90.9
59.3
31.5
94.2
61.8
32.4
97.1
63.9
33.2
102.0
66.9
35.1
106.9
69.8
37.1
111.0
72.4
38.0
Retail trade
Durable goods.
Nondurable goods..
95.0
44.0
51.1
45.4
53.4
102.0
46.3
55.8
105.4
48.4
57.1
107.6
49.7
58.0
111.6
52.4
59.3
Other
44.1
45.7
47.0
49.1
51.6
53.5
Inventorie
Farm.
Nonfarm
Durable goods
Nondurable goods..
Final sales *_.
.314
Nonfarm 3__
Gross saving..
276.1
324.6
289.7
329.2
332.7
346.9
362.2
295.6
324.9
308.9
324.2
330.4
336.1
345.2
360.5
Personal s a v i n g . . .
65.0
72.0
74.6
71.2
70.9
71.5
79.2
85.9
.274
.310
.270
.311
.317
.325
.271
.271
.276
.284
333.5
374.3
Gross private saving.
613.4 635.1
1,678.3 1,761.7 1,817. 6 1 884. 3 1 932.2 1,951.1
Ratio of inventories to
final sales
Table 15.—Gross Saving and Investment (5.1)
i.9
Undistributed
corporate
profits with inventory
valuation and capital
consumption
adjustments.
35.2
25.3
40.1
36.1
36.0
38.7
40.0
Undistributed profits
62.4
76.4
74.3
90.5
61.6
82.6
76.8
Inventory valuation adjustment
-15.2 -25.2 -23.9 -25.1 -23.0 -28.8 -39.9
Capital consumption adjustment
-12.0 -13.1 -12.4 -12.6 -13.8 -13.8 -14.5
Corporate capital consumption allowances with capital consumption adjustment
121.3 132.9 128.9 131.7 134.3 136.8 139.9
Noncorporate capital consumption allowances with
capital consumption adjustment
80.2
74.1
82.7
85.2
87.7
89.9
84.0
Wage accruals less disbursements
0
0
0
0
0
0
0
Government surplus or deficit (—), national income
and product a c c o u n t s ^ . . - 1 9 . 5
Billions of 1972 dollars
Inventories *
315.9
319.8
322.9
325.9
328.9
41.0
41.0
41.2
41.3
41.4
41.5
274.9
160.5
114.4
278.8
162.5
116.3
281.7
164.1
117.6
284.6
166.2
118.4
287.6
168.9
118.7
292.0
172.2
119.8
Manufacturing
Durable goods
Nondurable goods.
132.6
86.6
46.0
134.3
87.8
46.5
135.6
88.9
46.7
136.3
89.5
46.7
138.4
91.5
47.0
141.1
93.5
47.6
Wholesale trade
Durable goods
Nondurable goods..
55.5
37.2
18.3
56.3
38.0
18.4
56.8
38.4
18.4
58.2
39.4
18.9
59.3
39.9
19.3
59.4
39.8
19.6
Retail trade
Durable goods
Nondurable goods..
62.6
28.6
34.0
63.5
28.6
35.0
64.4
28.5
35.8
64.8
29.0
35.7
64.4
29.2
35.2
65.8
30.5
35.3
24.3
24.7
24.9
25.3
25.5
25.7
Farm.
35.6
87.0
-36.6
-14.7
145.1
93.9
0
Nonfarm
Durable goods
Nondurable goods..
Other..
,151. 0 1 178.0 1,192.9 1,212.0 1,214.6 ,200.9
Final sales »_.
15.8
12.7
-46.3 -27.7 -49.4 -24.6 -20.4 -16.3 -11.7
Federal
30.2
27.4
27.1
29.6
22.7
26.8
27.6
State and local.
Capital grants received by the
0
0
0
0
0
United States (net)
0
1.1
-7.0
19.7
-.3
-19.2
5.0
2.3
10.8
351.0
1.1
362.8
395.4
-22.3
.271
.271
.269
.271
.278
.237
.274
Nonfarm 3
.236
.235
.237
.243
Table 17.—National Income Without Capital Consumption
Adjustment by Industry (6.4)
373.1
Gross private domestic investment
303.3 351.5 327.0 352.3 356.2 370.5 373.8
Net foreign investment
-19.6 -23.5 -34.2 -20.8 -19.6 -19.4 -11.0
Ratio of inventories to
final sales
Gross investment..
Statistical discrepancy..
283.6
7.5
327.9
3.3
292.7
3.0
331.5
2.3
336.5
3.9
4.1
.6
— 1.3
r
Revised.
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories shown in this table is not the current-dollar change
in business inventories (CBI) components of GNP. The former is the difference between two
inventory stocks, each valued at 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 annual rates.
3. Equals ratio of nonfarm inventories to final sales of business. These sales include a small
amount of final sales by farms.
NOTE.—Table 16: Inventories are classified as durable or nondurable as follows: For manufacturing, by the type of product produced by the establishment holding the inventory; for
trade, by the type of product sold by the establishment holding the inventory; for construction, durable; and for other nonfarm industries, nondurable. The industry classification is
based on the 1972 Standard Industrial Classification.
Table 17: The industry classification of compensation of employees, proprietors' income,
and rental income is on an establishment basis; the industry classification of corporate profits
and net interest is on a company basis. The industry classification of these items is based on
the 1972 Standard Industrial Classification.
National income without capital consumpi.2 1,947.7
tion adjustment
,745. 0 1,
,796.4 1,865. 5 1,916. 1
1,561.7 1,766.8 1,660. 3 1
Domestic income..
1,924.1
,775. 7 1,844.3 1,892.0 1
1,543.9 1,,746.2 1,641.0 1,724. 0 1
Agriculture, forestry, and
fisheries
43.3
54.7
51.1
54.2
53.
60.0
63.9
64.7
Mining and construction
98.7
114.1
98.6
114.2
119.2
124.3
123.2
130.5
409.4
161.6
247.8
459.5
176.0
283.5
430.0
167.2
262.8
456.0
174.8
281.1
465.8
178.2
287.7
486.2
183.8
302.4
506.5
191.6
314.9
508. 6
195. 6
313.1
58.8
68.2
62.0
68.3
69.2
73.1
75.8
75.7
Communication..
35.2
40.5
38.9
39.5
41.6
42.1
43.0
43.3
Electric, gas, and sanitary
services
31.1
34.!
34.0
33.9
34.7
37.1
38.0
36.4
Manufacturing
Nondurable goods..
Durable goods
Transportation...
Wholesale and retail trade...
Wholesale —
Retail
234.5
96.0
138.4
261.8
107.0
154.8
244.3
98.9
145.5
257.4
104.8
152.6
268.6
109.
158.7
276.8
114.2
162.5
277.8
114.7
163.1
286.7
120.4
166. 3
Finance, insurance, and real
estate
Services
Government and government enterprises
184.4
213.4
210.7
245.2
199.0
233.2
205.6
241.4
215.6
249.3
222.8
257.1
227.6
265.9
232.2
271.5
235.0
256.6
249.8
253.4
258.2
264.9
270.2
274.5
17.8
20.5
19.3
21.0
20.7
21.2
Rest of the world.
24.2
23.7
SURVEY OF CUEEENT BUSINESS
September 1979
1978
1977
1978
I
II
11
III
I
IV
II '
1977
1978
I
Rest of the world.
Corporate profits with
inventory
valuation
adjustment and without capital consumption adjustment
Domestic industries
1
Financial
Federal Reserve banks
Other
167.7
141.2
169.4
175.2
184.8
178.9
176.6
140.1 157.5
23. G 29.2
116.5 128.3
131.1
26.8
104.3
158.4
28.4
130.0
165.1
30.0
135.1
175.3
31.5
143.8
167.0
31.0
135.9
164.9
31.0
133.9
Durable goods
Nondurable goods..
Services
10.2
10.1
11.0
10.2
9.6
11.9
11.7
162.0
180.8
153.6
182.0
189.0
198.6
193.3
191.3
152.1
23.8
6.2
17.6
170.6
29.7
7.7
21.9
140.9
81.7
41.4
143.5
27.2
6.9
20.3
171.0
28.9
7.4
21.5
178.8
30.6
8.0
22.6
189.0
32.1
8.6
23.5
181.4
31.9
8.8
23.1
179.6
32.0
9.2
22.8
116.3
67.6
36.7
142.1
83.4
41.0
148.3
85.1
42.7
156.9
90.6
45.1
149.6
94.1
48.2
147.7
90.6
49.4
Nonflnancial
Manufacturing
Nondurable goods
Food and kindred
products
Chemicals and allied
product
Petroleum and coal
products
Other
128.3
73.5
39.3
Durable goods
Primary metal industries
Fabricated
metal
products
Machinery,
except
electrical
Electric and electronic
equipment
Motor vehicles and
equipment
Other
5.7
4.6
5.5
6.5
6.4
5.7
7.6
7.6
7.9
7.4
7.6
7.8
8.9
9.0
8.0
12.2
13.4
13.0
14.7
10.0
14.8
13.3
14.7
14.1
14.4
14.8
15.1
16.4
17.1
19.5
14.2
34.2
40.3
30.9
42.3
42.4
45.5
46.0
41.2
1.3
2.5
.7
3.2
3.1
2.9
3.8
4.2
4.3
4.6
3.8
4.8
4.9
5.1
5.0
5.4
7.1
8.3
6.1
9.4
7.8
8.2
5.2
4.7
4.9
6.1
5.1
5.5
9.1
8.2
8.9
10.8
7.0
8.6
17.9
9.6
10.5
9.5
11.0
9.3
13.3
11.4
12.0
16.8
20.3
Other
13.9
16.0
13.7
9.8
10.2
10.1
Corporate profits before
deduction of capital
consumption
allowances, with inventory
valuation adjustment-. 271.3
17.1
22.7
25.5
25.8
18.6
22.4
21.2
22.7
21.7
18.5
16.0
16.5
17.9
15.1
16.1
11.0
10.2
9.6
11.9
11.7
20.1
300.6
270.1
301.1
309.6
321.7
318.8
321.7
261.4
28.9
6.2
22.7
290.4
35.2
7.8
27.4
260.0
32.5
7.0
25.6
290.1
34.3
7.4
26.9
299.4
36.1
8.0
28.1
306.9
37.5
8.8
28.8
310.0
37.7
9.2
28.5
232.5
119.9
62.1
255.2
132.1
66.3
227.5
117.0
61.0
255.8
133.7
65.9
263.3
135.5
312.1
37.8
8.6
29.1
274.4
142.2
70.7
269.4
147.2
74.4
272.3
145.9
76.9
10.0
9.9
8.6
9.5
10.7
10.1
12.2
12.8
13.6
12.8
13.2
15.2
14.5
19.9
19.5
21.7
21.2
18.4
21.1
22.0
21.1
13.5
22.7
20.9
14.9
23.5
21.5
25.4
23.8
29.0
21.1
Durable goods
Primary metal industries
Fabricated
metal
products
Machinery,
except
electrical
Electric and electronic
equipment
Motor vehicles and
equipment
Other
57.9
65.8
56.0
67.9
67.9
71.6
72.7
69.1
5.2
6.7
4.9
7.3
7.3
7.2
8.1
8.6
6.4
6.9
6.0
7.0
7.2
7.4
7.5
8.1
11.6
13.2
10.8
14.2
12.8
14.9
13.3
13.0
7.8
9.0
8.4
8.9
9.9
8.9
9.5
9.4
13.2
13.7
13.3
16.8
11.6
14.3
14.3
16.2
13.8
16.9
16.0
18.4
12.0
17.9
Wholesale and retail tradeTransportation, communication, and electric,
gas, and sanitary services
36.0
36.2
30.6
35.7
38.9
13.5
19.8
39.5
32.5
36.7
43.3
49.7
45.7
49.4
51.0
52.7
52.2
50.4
Other.
32.2
37.3
34.3
37.0
37.9
39.9
37.5
39.4
9.8
10.2
10.1
11.0
10.2
9.6
11.9
11.7
Domestic industries
Financial »
Federal Reserve banks
Other
Nonflnancial
Manufacturing
Nondurable goods
Food and kindred
products
Chemicals and allied
product
Petroleum and coal
products
Other
Rest of the world.
67.6
10.6
163.81
140.4
150.0
145.8
148.8
151.3
153.8
157.8
161.3
129.4
144.7
140.7
136.5
154.6
150.9
133.0
150.0
146.8
135.6
153.7
149.4
137.9
155.7
152.3
139.4
158.6
155.0
142.4
164.1
158.0
144.1
168.9
161.0
150.5
146.6
160.0
164.4
157.8
174.3
158.0
153.0
166.5
162 3
156.0
171.5
166.6
159 6
176.5
170.3
162.3
181.4
173.0
165.4
185.2
177.8
169.6
189.0
140.7
159. 3
160.0
159.7
150.3
179.7
180.8
180.3
147.1
169.3
170.2
171.5
149.0
176.7
177.9
176.8
151.7
183.1
184.3
183.8
153.4
189.5
190.8
189.3
156.4
192.6
194.0
192.7
160.2
199.2
200.7
199.8
126.3
132.3
129.2
131.4
133.0
135.6
138.2
139.5
178.7
210.7
190.3
222.1
183.1
216.6
188.4
220.2
191.1
223.9
197.6
227.2
203.9
234.5
210.1
244.9
147.6
159.4
154.9
157.8
160.5
164.5
167.5
171.3
143.6
150.0
154.8
162.1
151.1
157.1
153.4
160.3
154.6
163.8
160.1
166.9
161.9
170.8
164.8
174.9
Change in business inventories
Net exports of goods and services
7.4
11.3
23.0
ex-
Fixed investment
Nonresidential
Structures
Producers'
durable
equipment
Residential
Nonfarm structures
Farm structures
Producers'
durable
equipment
5.2
24.1
II r
Gross private domestic investment
7.6
4.2
Wholesale and retail tradeTransportation, communication, and electric,
gas, and sanitary services
Rest of the world
I
Gross national product... 141.70 152.05 147.05 150.82 153.45 156.68 160.22
Personal consumption
penditures
9.8
IV
Table 19.—Implicit Price Deflators for Gross National Product (7.1)
Table 18.—Corporate Profits by Industry (6.18)
Financial
Nonfinancial
III
Index numbers, 1972=100
Billions of dollars
Domestic industries..
1
II
Seasonally adjusted
Seasonally adjusted at annual rates
Corporate profits with
inventory valuation
and capital consump
tion adjustments
150.0
1979
1978
1979
Exports.
Imports .
Government purchases
goods and services
of
Federal
State and local.
Table 20.—Fixed-Weigh ted Price Indexes for Gross National
Product, 1972 Weights (7.2)
Gross national product... 143.5
Personal consumption expenditures
154.2
149.1
152.6
155.7
159.0
162.8
166.6
141.6
151.6
147.1
150.5
153.1
155.9
160.0
163.9
130.4
146.2
141.2
137.9
156.9
151.5
134.3
151.6
147.2
136.8
155.9
150.1
139.3
158.3
153.0
140.9
161.6
155.7
144.2
167.1
158.7
146.1
172.7
161.9
152.4
148.7
156.6
167.2
160.6
170.7
160.1
155.2
163.0
165.0
158.7
167.9
169. 5
162.4
172.9
173.9
165.5
177.7
177.1
168.8
181.6
182.2
173.1
186.4
144.2
159.2
154.8
179.6
150.7
169.3
153. 5
176.7
156.4
182.9
158.5
189.5
161.5
192.7
165.6
199. 3
181.4
199.4
Durable goods
Nondurable goods
Services
192.3
215.3
184.9
210.2
189.6
215.3
192.9
217.4
199.2
222.1
205.3
229.6
211.4
240.9
Gross private domestic investment-
Fixed investment
Nonresidential
Structures
Producers'
equipment
Residential
durable
Change in business inventories
Net exports of goods and serices
Exports.
ImportsGovernment purchases
goods and services
Federal
State and local.
Addenda:
Final sales
Gross domestic product
Business
Nonfarm
r
of
148.0
159.5
155.0
157.7
160.6
164.5
168.2
172.0
145.7
149.6
155.8
162.0
152.1
157.0
154.1
160.2
156.1
163. 7
160.8
167.0
164.0
171.1
167.2
175.2
143.4
142.9
142.8
143.0
154.1
153.7
153.6
153.1
149.1
148.7
148.2
147.8
152.5
152.1
152.0
151.1
155.6
155.2
155.2
154.3
158.9
158.5
158.5
157.2
162.7
162.3
162.3
160.5
166.4
166.0
166.3
164.8
Revised.
1. Consists of the following industries: Banking; credit agencies other than banks; security, commodity brokers and services; insurance carriers; regulated investment companies;
small business investment companies; and real estate investment trusts.
NOTE.—Table 18: The industry classification is on a company basis and is based on the 1972
Standard Industrial Classification.
SURVEY OF CUEEENT BUSINESS
12
1979
1978
1977
1978
I
II
September 1979
III
I
IV
1978
II'
1977
1978
I
Seasonally adjusted
Gross national product.. 141.70 152.05 147.05 150.82 153.45 156.68 160.22
.
Final sales
Change in business inventories
Durable goods
Final sales__
Change in business inventories
Nondurable goods
Final sales
Change in business inventories - Services
Structures .-
152.0
147.2
150.6
153.4
156.6
160.3
163.81
140.5
144.8
146.6
149.7
153.6
157.3
145.2
140.5
144.2
146.3
149.3
153.6
156.5
141.8
141.2
144.1
143.7
148.8
148.0
134.8
134.3
140.9
140.2
137.8
136.9
139.6
138.8
140.7
150.8
145.8
149.6
152.2
155.5
159.1
140.1
150.2
145.1
149.0
151.6
154.8
158.3
161.8
139.3
139.8
138.8
149.4
148.9
175.8
144.0
144.2
154.9
148.2
147.8
175.9
150.9
150.3
177.4
154.1
153.1
197.5
157.6
156.1
222.2
161.2
160.1
209.0
159.6
153.1
156.5
149.7
158.7
151.5
160.0
153.8
163.3
157.6
168.3
160.7
169.7
163.3
142.6
153.4
148.0
151.9
154.8
158.5
162.1
165.6
141.9
152.6
147.3
151.1
154.1
157.7
161.2
164.7
141.4
142.0
124.8
152.2
151.9
162.2
146.4
146.6
141.8
150.7
150.4
160.5
153. 9
153.6
162.6
157.5
156.7
186.2
161.0
159.9
199.0
164.7
164.1
186.2
Households and institutions _ 148.3
Government..
142,9
159.6
153.1
156.5
149.7
158.7
151.5
160.0
153.8
163.3
157.6
168.3
160.7
169.7
163.3
Business
.
Nonfarm . . . .
Farm
Residual
145.4
151.8
150.2
. .
Domestic income -
138.2
137.4
148.8
148.7
142.4
143.1
148.6
148.2
150.1
149.9
153.8
153.3
157.3
157.7
161.4
161.1
143.3
158.4
153.8
176.2
149.6
167.3
152.3
173.4
155.1
178.9
158.1
184.6
161.4
188.4
164.4
193.8
147.05
150.82 153.45
162.6
Rest of the world
National income
156.68
160.22
163.81
159.5
163.1
Business
Nonfarm
Farm
Rest of the world .
Table 25.—Implicit Price Deflators
f o r j\uto
Output (7.9)
146.5
140 7
141.0
142.5
128.8
143.2
151.0
150.4
151.9
137.7
174.2
Households and institutions. 148.3
Government
Federal
State and local..
142.9
136.5
146.1
150.2
152.9
156.1
145.7
145.7
147.1
134.0
157.9
149.8
149.3
150.7
136.5
173.9
152.5
151.8
153.3
138.7
175.5
155.6
154.7
156.2
141.4
190.5
159.1
157.6
159.3
143.4
209.4
162.8
161.7
163.6
145.6
201.2
159.6
156.5
158.7
160.0
163.3
168.3
169.7
153.1
146.2
156.5
149.7
143.5
152.7
151.5
144.4
154.9
153.8
145.3
158.0
157.6
151.7
160.4
160.7
153.4
164.3
163.3
154 3
167.7
Rest of the world
Table 23.—Implicit Price Deflators for the Relation of Gross National Product, Net National Product, and National Income
(7.6)
141.70
152.05 147.05 150.82 153.45 156.68 160. 22
163.81
151.2
163.6
159.0
162.2
165.2
168.0
170.9
150.8
145.8
149.6
152.2
155.5
159.1
162.6
141.0
137.9
140.0
142.9
143.0
145.0
146.6
131.3
140.4
137.0
139.0
142.6
143.0
146.5
148.2
Personal consumption expenditures _
New autos
Net purchases of used
autos
138.9
128.6
149.8
138.4
145.2
134.9
147.5
137.1
152.6
140.6
153.9
141.0
157.3
144.8
160.4
148.9
Producers' durable equipment
New autos..
Net purchases of used
autos
115.8
128.8
126.8
138.6
125.6
135.2
126.8
137.1
128.7
140.6
126.2
141.2
127.1
144.8
131.8
149.0
128.9
153.6
138.8
174.3
135. 4
166.0
137.3
172.4
140.8
177.9
141.4
180.2
145.1
184.4
149.2
198.6
129.2
141.3
139.6
138.0
143.4
144.5
144.8
154.0
128.5
128.6
138.5
138.5
135.0
135.0
137.2
137.1
140.7
140.7
140.9
141.1
144.7
144.9
148.8
148.9
Auto output
Final sales
. _
Government purchases of
goods and services
Change in business inventories of new and used autos.
Addenda:
Domestic output of new
autos 1
Sales of imported new autos 2
175.4
Equals: Net national product.. 140.7
130.9
Net exports
Exports
Imports
151.5
Less: Capital
consumption
allowances with capital consumption adjustment
Net national product
Net domestic product
136.2
141.2
Gross national product
II'
Table 24.—Implicit Price Deflators for Net National Product and
National Income by Sector (7.7)
163.5
136.8
Gross national product- - 141.70 152.05
Business
Nonfarm
N onfarm less housing
Housing
Farm
Residual
I
Households and institutions. 148.3
Government
142.9
141.5
Table 22.—Implicit Price Deflators for Gross National Product
by Sector (7.5)
Gros3 domestic product
IV
Index numbers, 1972=100
Table 21.—Implicit Price Deflators for Gross National Product by
Major Type of Product (7.3)
Goods .
III
Seasonally adjusted
Index numbers, 1972=100
Final sales
Change in business inventories
II
1979
Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current
surplus of government
enterprises
"Rpci final
Equals: National income
r
Personal consumption
expenditures
129.1
142.6
131.8
153.4
131.3
148.0
133.1
151.9
131.0
154.8
131.6
158.5
135.1
162.1
137.7
165.6
Revised.
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
NOTE.—Table 21: "Final sales" is classified as durable or nondurable by type of product.
"Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of product sold by the establishment holding the inventory; for construction, durable; and for other
industries, nondurable.
Tables 22 and 24: The industry classification within the business sector is on an establishment basis and is based on the 1972 Standard Industrial Classification.
Table 26.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product (7.11)
Durable goods.
Motor vehicles and parts
Furniture and household
equipment
Other
140.4
129.4
135.7
150.0
136.5
145.5
145.8
133.0
141.1
148.8
135.6
143.7
151.3
153.8
157.8
161.3
137.9
139.4
142.4
144.1
149.0
152.8
156.1
135. 0
139.5
148.0
123.7
126.9
128.7
132.7
125.7
130.0
128.0
132.0
129.5
133.1
131.4
135.2
133.5
137.3
144.7
154.6
150.0
153.7
155.7
158.6
164.1
168.9
Food
.- 148.2
122.3
Clothing and shoes. 174.3
Gasoline and oil
238.9
Fuel oil and coal
Other
-- -.- 139.0
162.5
125.5
182.1
253.3
146. 9
155.3
124.0
178.0
246.9
143.7
161.8
125.7
178.6
250.8
145.6
164.7
125.5
182.3
253.8
148.1
168.3
126.7
189.1
262.7
150.0
175.1
127.2
200.9
279.2
153.0
178.0
129.4
230.3
323.9
155.1
140.7
150.9
146.8
149.4
152.3
155.0
158.0
161.0
136.9
152.3
176.5
135.2
149.0
153.1
139.4
155.0
183.8
136.8
150.2
156.3
141.7
158.2
188.4
139.0
152.0
159.8
144.5
158.4
187.0
140.0
154.0
163.3
146.8
161.0
189.8
141.1
157.2
167.4
149.0
164. 3
198.4
142.2
160.4
170.9
Nondurable goods
Services
Housing
. . . .
Household operation
Electricity and gas .
Other
Transportation
Other
131.4
147.3
170.0
131.9
143.2
146.1
140.7
156.0
183.8
137.8
151.3
158.2
SURVEY OF CURRENT BUSINESS
September 19TO
1978
I
1977
II
13
1978
1979
III
I
IV
1978
II'
I
1977
1978
Seasonally adjusted
Percent
Percent at annual rate
Percent
Gross national product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index...
Fixed-weighted price index..
11.6
5.3
6.0
6.3
6.4
12.0
4.4
7.3
7.4
7.5
8.4
1.9
6.3
6.8
6.8
19.8
8.3
10.6
9.4
9.6
10.9
3.5
7.2
8.2
8.3
14.8
5.6
8.7
8.6
8.9
10.6
1.1
9.3
9.7
9.9
6.7
-2.3
9.3
8.8
9.5
Personal consumption expenditures:
Current dollars.
1972 dollars....
Implicit price deflator
Chain price index
Fixed-weighted price index..
11.0
5.0
5.7
5.9
5.9
11.6
4.5
6.8
7.0
7.1
9.0
.8
8.1
7.4
7.6
14.4
5.6
8.3
9.4
9.6
11.9
4.8
6.8
7.1
7.2
14.2
6.8
6.9
7.2
7.4
11.4
.6
10.8
10.4
11.0
6.1
-2.9
9.3
10.0
10.3
13.6
9.2
4.1
4.3
12.0
6.1
5.5
5.6
-2.3
-8.3
6.5
6.7
36.6
26.6
7.9
7.4
6.4
-.7
7.1
7.3
18.1
13.0
4.5
4.8
3.3
-5.0
8.7
9.2
-9.2
-13. 6
5.0
5.5
4.4
5.8
6.9
7.6
7.5
4.7
9.4
5.4
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator—
Chain price index
Fixed-weighted price index
Services:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
_.
Fixed-weighted price index
_
10.2
3.2
6.8
7.2
5.5
-3.2
9.0
8.0
13.2
2.6
10.3
11.5
11.9
6.3
5.3
6.2
16.9
8.6
7.7
8.1
-4.2
14.5
13.8
8.2
11.8
6.4
8.4
14.5
I
II-
12.5
4.9
7.3
7.3
12.7
5.1
7.3
7.3
16.1
7.9
7.6
7.2
9.1
1.4
7.5
8.3
13.8
5.5
7.9
7.8
10.6
3.2
7.2
7.2
15.8
7.1
8.2
8.0
7.4
7.3
7.2
8.2
7.8
7.3
Percent at annual rate
Exports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index..
7.7
2.4
5.2
5.2
5.3
17.8
10.6
6.5
6.1
6.0
25.7
14.9
9.4
8.5
7.7
54.7
38.2
12.0
11.0
10.6
16.8
10.2
6.0
7.1
6.9
22.3
7.1
14.2
13.3
13.8
26.4
11.5
13.4
12.8
12.9
9. 1
-3.1
12.6
11.9
12.4
Imports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index...
19.6
9.7
9.0
7.7
8.1
17.1
11.1
5.4
7.7
8.0
33.4
18.4
12.6
13.6
12.6
13.6
6.5
6.7
10.3
10.0
14.3
7.0
6.8
4.1
4.0
16.9
10.2
6.1
8.6
9.1
9.2
—3.8
13.5
13.7
14.1
33.2
12.1
18.9
24.4
21.2
Government purchases of goods
and services:
Current dollars
1972dollars
Implicit price deflator
Chain price index
Fixed-weighted price index-..
9.7
2.0
7.5
9.9
1.8
8.0
6.5
-1.2
7.8
8.8
.9
7.8
12.3
5.0
69
7.8
6.6
7.1
7.6
5.6
-1.8
7.6
9.4
9.4
5.8
-3.3
9.4
9.0
7.5
12.2
1.8
10.2
9.5
10.0
Federal:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price
index
11.3
4.4
6.6
6.8
5.7
-2.0
7.8
7.1
- . 9 -7.0
- 7 . 4 -12.3
6.1
6.9
5.6
5.1
11.7
8.2
3.2
5.5
18.7
3.2
15.0
13.0
7.0
6.9
3.8
5.2
5.3
12.8
8.2
7.9
8.7
.6
8.1
8.0
12.4
4.0
8.1
8.0
11.1
2.7
8.2
8.3
18.5
9.3
8.4
8.0
12.6
3.3
9.0
8.7
8.9
1.0
7.8
7.7
2.3
-6.6
9.5
10.3
11.9
1.6
10.1
7.9
8.3
8.5
8.4
9.1
8.2
10.1
10.0
Final sales:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index...
11.0
4.8
5.9
6.3
6.4
12.1
4.4
7.4
7.4
7.5
7.5
.4
7.1
6.7
6.8
19.3
8.7
9.8
9.4
9.6
12.3
4.6
7.4
8.2
8.3
14.8
5.7
8.6
8.6
8.8
11.0
1.1
9.8
9.7
9.9
4.2
-3.9
8.5
8.9
9.5
Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index. .
11.5
5.3
5.9
6.2
6.4
12.0
4.4
7.3
7.4
7.5
8.1
1.8
6.2
6.7
6.8
19.6
8.1
10.6
9.4
9.7
11.1
3.6
7.2
8.2
8.3
14.8
5.6
8.7
8.7
8.9
10.1
.9
9.1
9.6
9.9
6.9
-2.1
9.2
8.7
9.4
Business:
Current dollars
1972 dollars
.
Implicit price deflator..
Chain price index
Fixed-weighted price
index
11.9
5.9
5.6
6.0
12.4
4.7
7.3
7.4
7.7
1.8
5.9
6.5
21.9
9.2
11.6
10.2
11.7
3.9
7.5
8.6
15.5
6.4
8.5
8.5
10.1
1.0
9.1
9.7
7.0
-2.5
6.2
7.6
6.6
10.5
8.8
8.7
10.0
10.1
Nonfarm:
Current dollars
1972 dollars
Implicit price index
Chain price index
Fixed-weighted price
index
12.1
5.8
5.9
6.0
12.4
5.4
6.7
6.9
7.6
2.8
4.6
5.5
22.1
11.0
10.0
9.0
11.9
4.5
7.0
8.7
14.9
6.6
7.8
7.6
9.8
1.7
7.9
8.5
7.3
-2.8
10.4
10.1
6.5
7.0
5.5
9.3
8.9
7.7
8.5
11.3
10.2
4.2
11.7
4.6
10.3
2.0
12.7
4.0
11.4
4.2
13.8
6.4
13.0
2.1
7.7
-1.4
14.0
State and local:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
index
8.1
10.4
2.5
7.7
8.2
12.1 - 4 . 6
7.2 -11. 3
4.6
7.5
7.6
7.3
Addenda:
Gross private domestic investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index.
24.8
15.4
15.9
7.1
13.3
12.3
34.8
15.7
4.5
-5.0
17.1
6.6
3.6
-.5
25.2
8.5
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
20.8
12.1
7.8
7.8
17.0
7.1
9.2
9.5
7.8
1.6
6.1
6.7
32.8
19.3
11.3
12.0
12.3
1.2
11.0
11.2
17.4
7.5
9.2
10.0
5.6
-1.0
6.7
7.6
8.5
-2.7
11.5
11.9
8.2
9.7
6.8
12.6
11.5
10.6
7.7
12.0
Nonresidential:
Current dollars
1972 dollars
Implicit price deflator..
Chain price index.
Fixed-weighted price
index
.
14.9
8.6
5.8
6.1
16.7
8.4
7.7
7.9
10.6
4.6
5.8
6.3
33.3
23.2
13.7
3.9
9.4
9.3
19.3
11.3
7.2
7.6
12.9
4.8
7.7
7.8
9.6
6.3
8.0
6.4
9.5
8.0
8.2
Structures:
Current dollars.
1972 dollars
Implicit price deflator..
Chain price index
Fixed-weighted price
index
9.3
2.1
7.1
6.8
22.2
12.2
8.9
9.2
4.0
.1
3.9
5.0
60.1
42.2
12.6
12.5
25.9
12.3
12.1
12.7
25.9
12.7
11.8
12.2
2.4
-5.6
8.5
9.1
29.1
19.0
8.5
10.7
6.5
9.0
5.5
12.4
12.5
11.6
9.1
10.9
Producers'
durable
equipment:
Current dollars
1972 dollars
Implicit price deflator..
Chain price index
Fixed-weighted price
index
17.9
11.7
5.5
5.8
14.1
6.7
6.8
7.3
14.1
6.6
7.0
7.0
21.4
15.6
5.0
7.1
7.7
.2
7.4
7.6
15.8
10.7
4.6
5.1
19.0
10.1
8.2
7.1
.2
-8.9
10.0
10.8
6.1
7.4
7.0
7.4
7.7
5.7
7.6
10.5
Residential:
Current dollars
1972 dollars
Implicit price deflator..
Chain price index
Fixed-weighted price
index
35.0
20.7
11.8
11.8
17.5
4.2
12.8
12.9
2.4
-4.7
7.4
7.5
32.0
11.0
18.9
18.7
9.5
-4.9
15.2
15.2
13.5 - 8 . 5
- 1 . 1 -14.3
14.8
6.7
15.1
7.0
6.1
-7.2
14.3
14.3
11.8
12.8
7.6
18.6
15.0
IV
Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)—Continued
7.3
-4.5
12.3
13.9
7.3
8.4
3.5
4.8
4.9
III
Seasonally adjusted
Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)
Durable goods:
Current dollars
1972 dollars
Implicit price deflator...
Chain price index
Fixed-weighted price index
II
1979
15.1
7.0
10.6
10.8
14.3
Disposable personal income:
Current dollars
1972 dollars
r
9.1
Revised.
NOTE.—Table 27: The implicit price deflator for GNP is a weighted average of the detailed
price indexes used in the deflation of GNP. In each period, the weights are based on the
composition of constant-dollar output in that period. In other words, the price index for each
item is weighted by the ratio of the quantity of the item valued in 1972 prices to the total
output in 1972 prices. Changes in the implicit price deflator reflect both changes in prices and
changes in the composition of output. The chain price index uses as weights the composition
of output in the prior period, and, therefore, reflects only the change in prices between the
two periods. However, comparisons of percent changes in the chain index also reflect changes
in the composition of output. The fixed-weighted price index uses as weights the composition
of output in 1972. Accordingly, comparison over any timespan reflect only changes in prices.
By JOHN T. WOODWARD
Plant and Equipment Expenditures,
the Four Quarters of 1979
CHART 3
X LANNED expenditures for new
plant and equipment total $174.1 billion
in 1979, 13.2 percent more than in 1978
(table 6 and chart 3), according to the
BEA survey conducted in late July and
August.1 This increase compares with
12.7 percent reported in the April-May
survey and 11.3 percent reported in the
January-February survey. Spending in
i 1 IIt1 II III 1I1 III1 I 1 III M I I
1978 was $153.8 billion, 13.3 percent
more than in 1977.
The small upward revision in 1979
spending programs—one-half of 1 perNondurables
Plant and Equipment Expenditures
Billion $ (Ratio scale)
200
ALL INDUSTRIES
60 I I I I M I 1 I I I I II
50
MANUFACTURING
40 —
30
^•A
20
_
Durables
j
_
15
IM
10 I I 1 ! 1 II I 1 1 1 I 111 i 11 i 11 !
60
1 1 f 1 1 1 1 i 1 I 1 1 1 f | 1 1
COMMUNICATION AND COMMERCIAL
50
cent—was in nonmanufacturing and
durable goods manufacturing industries. In nonmanufacturing, sizable
CHART 4
Starts and Carryover of Investment
Projects
Billion $ (Ratio scale)
80
•MANUFACTURING
1. Plans have been adjusted for biases (table 6, footnote 2).
The adjustments were calculated for each industry. Before
adjustment, plans for 1979 were $79.95 billion for manufacturing and $97.24 billion for nonmanufacturing. The net
effect of the adjustments was to lower manufacturing $2.42
billion and nonmanufacturing $0.66 billion.
Table 1.—Expenditures for New Plant and
Equipment by U.S. Business: Percent
Change From Preceding Year
40
1978
Actual
30
1979 Planned
as reported in—
Feb.
May
Expenditures
4
Aug
200
I I I I I , I ) ! ! , I , I I I ! , , I , , I I , , I I I , , I I , I I ! ! ! I ,
PUBLIC UTILITIES
150
90 111i
I ii 11, n 1. it I 11.1 n , I, n I, i , 1. n I, , . I,
All industries
Manufacturing
50
Durable goods
PUBLIC UTILITIES
40
Primary metals *
Blast
furnaces,
steel works
Nonferrous metal s.
Electrical machinery.
Machinery, except
electrical
Transportation
equipmenti
Motor vehicles
Aircraft
Stone, clay, and glass.
Other durables
30
20
15
10
15
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables...
TRANSPORTATION INCLUDING RAILROAD
10
8
Nonmanufacturing
11.3
12.7
12.4
14.7
14.8
14.6
14.0
19.5
16.9
18.5
3.4
11.3
14.1
11.3
-8.1
9.6
21.3
19.9
7.6
25.3
8.7
15.1
23.0
10.5
12.7
26.0
9.2
25.4
19.4
27.0
20.2
14.6
48.6
23.9
16.0
20.3
16.8
31.1
17.8
17.7
20.9
16.1
36.1
10.5
12.0
21.6
16.5
37.1
15.4
10.6
11.0
10.4
12.9
11.2
16.6
13.4
3.0
4.0
11.7
20.2
25.8
4.6
1.8
30.2
13.7
5.5
4.8
24.6
4.5
4.5
39.9
16.9
7.8
6.1
21.1
3.8
2.8
38.2
19.1
3.6
3.0
24.0
13.9
8.6
11.1
12.0
6.3
18.5
42.5
-3.0
14.3
14.8
11.4
17.5
6.4
17.4
17.1
14.3
9.9
10.2
8.4
6.2
10.4
14.0
23.7
24.6
11.1
11.8
7.6
7.2
13.3
17.5
36.3
21.9
11.5
12.7
5.3
8.8
11.0
10.9
6
4
3
I ! I ! I I I I M I II I I II I I II I I I ! I I I I I I M I L I I I I
1969
71
73
75
77
79
Seasonally A d j u s t e d at A n n u a l Rates
Mining
Railroad
Air transportation...
Other transportation.
Public utilities
Electric
Gas and other
Communication
Commercial
and
other
13.2
13.3
11.9
o Planned
• i , i , i i,
1969
11 , • , i , , , i i
71
73
, i i i i i i,
i i,
75
Seasonally Adjusted
* Carryover as of end of period
U.S. Department of Commerce, Bureau of Economic Analysis
14
79.9.3
1. Includes industries not shown separately.
U.S. Department of Commerce, Bureau of Economic Analysis
, , i ,
77
79
SURVEY OF CURRENT BUSINESS
September 1979
upward revisions occurred in the railroad, airline, and communications
groups. In durable goods manufacturing, the upward revisions were in
machinery and stone-clay-glass.
Neither plans nor actual spending
reported in the survey are adjusted for
price changes. It is difficult to adjust
the plans for such changes, partly because information is not available on
business expectations for capital goods
prices and on the extent to which they
are reflected in the plans. The implicit
price deflator for fixed nonresidential investment in the national income and
product accounts rose at an annual rate
of 9 percent in the first half of 1979. If
the latest spending plans reflect an expected price rise of about that magnitude, a 4-percent rise in real spending is
indicated for the year. If 1978 spending
is adjusted by the deflator, the increase
from 1977 is about 5 percent.
Spending in the second quarter rose
4.6 percent, to an annual rate of $173.5
15
2.-—Planned and Actual Expenditures
billion; this rise followed a much smaller Table New Plant and Equipment: Percent
for
one of 1.2 percent in the first quarter.
Change From Preceding Quarter
Planned spending is up 1 percent in the
Planned
third quarter and 2.4 percent in the
Actual
fourth.
Two quarters One quarter
ahead
ahead
As shown in table 2, the secondquarter rise is one of the strongest since 1974: I _ _
3.1
3.3
3.4
II
3.1
2.6
3.8
the 1974-75 recession period. It is 2
III
1.4
2.3
2.3
IV..
.4
2.0
2.8
percentage points larger than the
3.2
-1.4
-2.6
planned rise reported 3 months earlier. 1975: III
.5
-1.0
-1.8
III
..
.4
.9
—.3
The second quarter was the fifth succesIV
— 3
2.4
.2
sive quarter in which actual spending 1976: I
6.2
2.6
2.9
II.
5.6
3.0
.8
exceeded planned spending reported one
III..
4.1
3.7
1.5
IV
4.3
3.3
quarter ahead. In the past, this pattern
_..
1.2
3.2
4.0
has occurred most often during periods 1977:1I
I
3.3
3.1
2.7
III
3.1
4.6
1.8
of relatively strong investment ad1.4
-1.6
IV
2.6
vances. It is uncertain whether this pat- 1978: I _
4.4
2.7
5.9
II
4.5
2.0
3.2
tern will continue. The investment outIII
3.1
3.3
2.9
5.5
IV..
2.5
3.8
look has been clouded by this year's
1.2
.2
1.3
slowing in economic activity. Manu- 1979: II I . .
2! 6
4.6
2.0
Ill
1.0
2.6
facturers' capital appropriations, starts
2.4
IV
of new projects by manufacturers, new
orders for nondefense capital goods, and
capacity utilization in manufacturing— second quarter—also suggest a deceleraall of which registered declines in the tion in investment.
9
9
Table 3.—Starts and Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities
[Billions of dollars]
Carryover
March
June
Sept.
2
Dec
Manufacturing
Durable goods 3
Primary metals
Electrical machinery
Machinery, except electrical
Transportation equipment 4
Stone, clay, and glass
Nondurable goods 3
Food including beverage.
Textiles
Paper
Chemicals
Petroleum
28.39
2.99
.42
3.91
6.54
12.09
Public utilities..
Manufacturing.
115.86
17.41
18.10
16.96
19.97
21.98
53.34
19.56
Durable goods 3
Primary metals
Electrical machinery
Machinery, except electrical
Transportation equipment 4
Stone, clay, and glass
24.31
6.72
2.G6
4.02
4.97
2.46
26.47
2.68
.42
2.90
6.23
11.88
Nondurable goods 3
Food including beverage.
Textiles
Paper
Chemicals
Petroleum
Public utilities1. Starts are estimated by adding changes in carryover to expenditures during the given
period.
2. Carryover refers to expenditures yet to be incurred on plant and equipment projects
already underway at the end of the period.
117. 05
3. Includes industries not shown separately.
4. Includes guided missiles and space vehicles.
25.58
7.33
2.93
4.34
5.34
2.15
28.58
3.04
27.76
3.04
3.36
6. 61
12.87
3.89
6. 42
11.73
123.11
118.29
115. 63
.41
.41
SUEVEY OF CURRENT BUSINESS
16
September 1979
CHART 6
CHART 5
Manufacturers' Capacity Utilization Rates
by Major Industry Groups
Manufacturers' Evaluation of Plant and
Equipment Facilities*
Percent of Capital Assets Held by Respondents
Reporting—
60 f
MORE CAPACITY NEEDED
''
ou
' I I I I I I I I 1 I I I I I I 1 I I I I I I 1 I I I [ I I I I I > 1 I ! I I
CAPACITY ADEQUATE
70 60
-
pj\
/
50
40
I I I M I I I I I I
71
1969
71
1969
73
75
77
1 1 1 1 . 1 1 1 f 1i I i 1 I i i 1 t i i I i i t
73
75
77
* Relative to prospective operations during the ensuing 12-month period.
Seasonally Adjusted
U.S. Department of Commerce, Bureau of Economic Analysis
79-9-6
U.S. Department of Commerce, Bureau of Economic Analysis
Table 4.—Manufacturers' Capacity Utilization Rates: Operating Rates and Ratios of Operating to Preferred Rates l
[Seasonally adjusted]
Ratios of operating to preferred rates
Operating rates (percent)
Industry and asset size
Sept.
AH manufacturing
-
. . . .
1979
1978
1977
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
1979
1978
1977
Dec.
Mar.
June
Sept.
Dec.
Mar.
June
82
82
84
84
83
84
84
83
0.87
0.87
0.88
0.90
0.88
0.90
0.90
0.89
84
8«J
77
84
80
78
86
81
79
87
81
77
85
81
77
87
81
77
87
82
76
86
81
76
.88
.86
.83
.88
.86
.84
.90
.87
.85
.92
.87
.85
.90
.87
.83
.92
.88
.84
.92
.88
.83
.91
.87
.83
82
82
84
85
83
85
85
84
.86
.87
.88
.90
.88
.90
.90
.88
84
79
75
85
78
73
87
80
75
88
80
77
86
80
76
88
81
78
88
81
75
87
79
76
.88
.84
.81
.89
.83
.80
.90
.85
.81
.92
.86
.83
.90
.86
.83
.91
.87
.85
.92
.86
.81
.91
.85
.82
79
82
90
82
93
66
78
79
82
90
83
94
67
77
80
84
91
85
98
67
77
86
83
91
87
97
70
81
86
82
90
82
90
69
80
86
82
92
87
96
72
84
87
84
92
87
96
74
78
87
82
92
83
89
75
82
.84
.90
.95
.83
.89
.71
.84
.83
.90
.95
.84
.90
.72
.84
.85
.92
.96
.86
.94
.71
.84
.91
.91
.96
.87
.94
.75
.87
.91
.91
.95
.82
.87
.74
.86
.92
.91
.98
.87
.93
.77
.91
.92
.93
.97
.88
.92
.80
.84
.93
.90
.97
.84
.86
.82
.88
82
82
83
82
82
83
83
82
.87
.88
.89
.89
.88
.89
.89
.89
82
82
78
83
83
82
84
82
83
85
82
77
84
82
77
86
81
77
86
82
78
85
83
76
.88
.87
.85
.88
.89
.87
.90
.88
.88
.91
.88
.87
.90
.88
.83
.92
.88
.84
.92
.89
.84
.91
.89
.84
Food including beverage
Textiles
Paper
Chemicals... ...
Petroleum...
..
Rubber
78
86
85
77
91
84
80
87
87
76
91
81
81
88
88
79
90
80
78
83
90
80
90
84
79
85
87
79
91
85
79
85
89
83
91
84
79
85
91
83
89
87
81
82
91
82
88
76
.86
.89
.88
.83
.93
.89
.89
.89
.89
.83
.93
.86
.88
.91
.90
.85
.94
.84
.89
.87
.93
.87
.93
.89
.86
.88
.90
.87
.94
.89
.87
.88
.92
.91
.93
.89
.86
.89
.94
.91
.92
.92
.90
.86
.94
.90
.92
.80
Primary-processed goods 5
Advanced-processed goods 6
82
82
82
83
83
84
84
84
84
82
85
84
85
84
84
83
.86
.87
.86
.88
.87
.89
.90
.90
.89
.87
.90
.89
.90
.89
.89
.88
Asset size:
$100.0 million and over
$10.0 to $99.9 million
Under $10.0 million.. . .
Durable goods
2
--------
- - -
Asset size:
$100.0 million and over
$10.0 to $99.9 million
Under $10.0 million
Primary metals
..
Electrical machinery
. . ...
... - - Machinery, except electrical
T r a n s p o r t a t i o n e q u i p m e n t 3__ - - - - - - M o t o r vehicles
Aircraft
._
Stone, clay, a n d glass
.. . . . .. .
Nondurable goods 4
Asset size:
$100.0 million and over
$10.0 to $99.9 million..
Under $10.0 million
-
1. The survey asks manufacturers to report actual and preferred rates of capacity utilization
for the last month of each quarter. Utilization rates for industry and asset-size groups are
weighted averages of individual company rates. See "The Utilization of Manufacturing
Capacity, 1965-73," SURVEY OF CURRENT BUSINESS, July 1974, p. 47.
2. Also includes lumber, furniture, fabricated metals, instruments, and miscellaneous.
3. Also includes other transportation equipment.
4. Also includes tobacco, apparel, printing-publishing, and leather.
5. Consists of lumber; stone, clay, and glass; primary metals; fabricated metals; textiles;
paper; chemicals (at % weight); petroleum; and rubber.
6. Consists of furniture, electrical machinery, machinery except electrical, motor vehicles,
aircraft, other transportation equipment, instruments, food including beverage, tobacco,
apparel, printing-publishing, chemicals (at % weight), leather, and miscellaneous.
September 1979
SURVEY OF CUEEENT BUSINESS
17
largely with the drop in output of motor
The rates for large- and mediumvehicles and related parts and equip- sized firms declined 1 point from March
ment. The overall utilization rate has to June, to 86 and 81 percent, respecManufacturing Programs
varied between 82 and 84 percent for tively. The rate for small firms was
Spending by manufacturers increased the past 2}i years. The June rate is 8 unchanged, at 76 percent.
7 percent in the second quarter, follow- points above the recession trough of
Manufacturing companies owning 34
ing a 2-percent decline in the first. 75 percent in June 1975 and 3 points percent of fixed assets reported a need
Increases of 2){ percent in the third below the peak of 86 percent in June for more facilities as of the end of June,
quarter and 4}£ percent in the fourth 1973.
unchanged from the end of March
are planned. Again this year, spending
The utilization rate for motor vehicles (table 5 and chart 6). Facilities viewed
by durable goods producers is stronger declined 7 points, to 89 percent, re- as "about adequate" remained at 61
than by nondurable goods producers. flecting the decline in motor vehicle percent and facilities viewed as in
Durables reported an 8K-percent in- sales in the second quarter. The rate for excess of needs remained at 5 percent.
crease in the second quarter, after rubber dropped 11 points, to 76 percent,
almost no change in the first. Increases due to declining sales of both original Nonmanufacturing Programs
of 3 and 6 percent are planned in the equipment and replacement tires as
third and fourth quarters. Nondurables well as a work stoppage at one major
Spending by nonmanufacturing inreported a 5-percent increase in the firm. Textiles declined 3 points, to 82 dustries rose 3 percent in the second
second quarter, following a 4-percent percent, and electrical machinery de- quarter, to a seasonally adjusted annual
decline. Increases of 2 and 3 percent are clined 2 points, to 82 percent. Following rate of $97.1 billion; this followed a
planned in the third and fourth quarters. a 6-point drop from December to 4-percent increase in the first quarter.
For the year 1979, manufacturers March, stone-clay-glass increased 4 Gas utilities and communication firms
plan a 14^-percent increase, compared points, to 82 percent. Food-beverage reported the largest second-quarter inwith an actual increase of 1 } 5 percent increased 2 points, to 81 percent. Other creases. No change in spending is
2<
in 1978. For durables and nondurables, major industries showed little or no
planned in the third quarter and an
planned increases are larger this year change.
The utilization rates for primary- and increase of one-half of 1 percent is
than actual increases last year. The
planned increases are 18% percent for advanced-processed goods industries planned in the fourth.
durables and 11 percent for nondur- each declined 1 point, to 84 and 83 For the year 1979, spending plans in
nonmanufacturing are up 12 percent
ables. In durables, the largest increases percent, respectively.
are in aircraft, 37 percent; nonelectrical
machinery, 27 percent; and electrical
Table 5.—Manufacturers' Evaluation of Their Plant and Equipment Facilities ]
machinery, 26 percent. In nondurables,
[Percent distribution of gross capital assets]
the largest increases are in paper, 38
percent; "other nondurables/' 24 per1979
1978
1977
cent; and chemicals, 19 percent.
Sept. 30 Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31 June 30
Manufacturing projects started in the
second quarter of 1979 totaled $19.6 More plant and equipment needed:
billion, 11 percent less than in the first All manufacturing
34
2
35
quarter (table 3 and chart 4). The Durable goods 3
Primary metals
18
Metal fabricators2
44
decline was in nondurables; declines in
Nondurable goods
34
Food including beverage..
32
petroleum, chemicals, and food-bevChemicals
43
Petroleum
39
erage were partly offset by an increase About adequate:
in paper. In durables, a decline in All manufacturing
61
63
Durable goods 2
58
stone-clay-glass was offset by increases
74
Primary metals
Metal fabricators 3
50
in machinery, transportation equip63
Nondurable goods 2
59
Food including beverage..
ment, and primary metals. Carryover
54
Chemicals
61
Petroleum
increased. At the end of June, it totaled
$53.3 billion, $0.4 billion higher than at Existing plant and equipment exceeds
needs:
the end of March.
All manufacturing
2
Capacity utilization
The utilization of manufacturing
capacity was 83 percent in June (table 4
and chart 5), a 1-point decline from
March. The decline was associated
7 9 - 3
Durable goods
Primary metals
Metal fabricators 3
Nondurable goods 2
Food including beverage..
Chemicals
Petroleum
1. According to respondent companies' characterizations of their plant and equipment facilities, taking into account their
current and prospective sales for the next 12 months.
2. Includes industries not shown separately.
3. Includes machinery, transportation equipment, and fabricated metals.
SUEVEY OF CUREENT BUSINESS
18
over last year, less than the 14-percent
increase in actual spending from 1977
to 1978. The largest increases are in
airlines, 36 percent; railroads, 17% percent; and "other transportation," 22
percent.
Starts of new projects by public
utilities totaled $5.8 billion in the
second quarter, compared with $3.3
billion in the first quarter and $14
billion in the fourth quarter of 1978.
Carryover declined $2.7 billion in the
September 1979
second quarter, to a total of $115.6
billion at the end of June,
Table 6.—Expenditures for New Plant and Equipment by U.S. Business *
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally unadjusted
1977
1978
1979 2
1978
1979
II
All industries
III
IV
1978
II
III 2
IV 2
1979
III
II
IV
III 2
IV 2
135.80
153.82
174.11
32.35
37.89
38.67
44.91
37.41
43.69
43.69
49.31
144.25
150.76
155.41
163.96
165.94
173.48
175.29
179.56
60.16
67.62
77.53
13.67
16.76
16.89
20.30
15.88
19.08
19.64
22.92
61.57
67.20
67.75
73.24
71.56
76.42
78.30
81.95
Durable goods _ _ 3
Primary metals
Blast furnaces, steel
works.
Nonferrous metals
Electrical machinery
Machinery, except electrical
Transportation
equipment3
Motor vehicles
4
Aircraft
Stone, clay, and glass
Other durables«
27.77
5.68
31.66
5.87
2.46
2.45
3.98
37.53
6.54
2.72
2.76
5.02
6.36
1.10
7.79
1.46
9.53
1.81
9.17
1.50
.65
.64
1.14
9.44
1.69
.72
.68
1.25
28.72
5.13
33.99
6.30
2.43
2.83
4.36
34.00
5.84
2.29
2.53
4.58
40.38
7.20
2.20
2.10
3.52
32.25
5.94
2.48
2.38
4.07
38.03
6.54
1.69
31.40
5.99
2.68
2.41
3.83
36.86
6.14
.65
.59
.92
7.53
1.26
.47
.57
.95
11.39
2.08
.45
.47
.73
7.97
1.50
.62
.60
1.01
2.67
2.57
4.74
2.82
2.66
4.98
2.90
3.06
5.50
5.76
6.29
7.99
1.37
1.60
1.57
1.76
1.60
2.08
1.96
2.36
6.15
6.45
6.32
6.26
7.19
8.42
7.95
8.44
5.32
4.06
1.02
1.99
5.73
6.40
4.65
1.51
2.46
6.65
7.78
5.42
2.07
2.84
7.36
1.30
1.00
.25
.50
1.36
1.62
1.24
.32
.60
1.60
1.61
1.16
.39
.62
1.66
1.87
1.26
.54
.74
2.03
1.56
1.12
.37
.63
1.54
1.88
1.34
.47
.73
1.85
2.04
1.35
.62
.67
1.82
5.71
4.33
1.15
2.26
5.94
6.22
4.74
1.26
2.43
6.49
6.50
4.84
1.44
2.52
6.90
7.28
4.79
2.22
2.64
7.16
6.86
4.85
1.68
2.81
6.72
7.16
5.05
1.84
2.96
7.43
8.28
5.64
2.39
2.77
7.51
8.81
6.18
2.32
2.84
7.59
Nondurable goods
Food including beverage..
Textiles
Paper
C hemicals
Petroleum
Rubber
Other nondurables 6
32.39
4.18
.92
3.36
6.83
13.87
1.45
1.78
35.96
4.87
1.04
3.46
7.10
15.50
1.75
2.24
40.00
5.06
1.07
4.79
8.46
16.06
1.80
2.77
7.31
1.05
.24
.67
1.47
3.03
.36
.47
8.97
1.27
.27
.78
1.75
10.77
1.39
.25
1.12
2.12
4.73
.47
8.35
1.13
.24
3.90
.47
8.92
1.16
.27
.89
1.75
3.84
.44
9.92
1.39
.26
1.14
2.07
3.90
.47
.57
32.86
4.80
1.01
3.06
6.53
13.68
1.66
2.10
35.80
4.91
1.11
3.23
7.04
15.62
1.80
.52
10.20
1.25
.28
1.20
2.14
4.13
.45
.74
2.30
1.62
.61
.82
2.15
11.54
1.28
.28
1.53
35.50
4.44
1.06
3.54
7.08
15.33
1.76
2.30
39.26
5.29
.98
3.85
7.61
17.37
1.75
2.40
37.56
5.17
1.00
4.20
7.33
15.62
1.85
2.38
39.56
5.36
1.05
4.80
8.32
15.64
1.76
2.64
40.27
4.84
1.08
4.68
8.65
16.18
1.80
3.04
41.58
4.86
1.14
5.14
9.00
16.70
1.78
2.95
75.64
86.19
96.58
18.68
21.13
21.78
24.61
24.05
82.68
83.56
87.66
90.71
94.38
97.06
96.99
97.61
Mining
4.50
4.78
5.41
1.07
1.36
1.35
4.45
4.81
4.99
4.98
5.46
5.31
5.30
5.58
Railroad
2.80
3.32
3.90
.71
.97
1.05
3.35
3.09
3.38
3.49
4.02
4.13
3.92
Air transportation
1.62
2.30
3.14
.52
.96
.69
2.67
2.08
2.20
2.39
3.35
3.26
2.92
3.15
Other transportation
2.51
2 A3
2.96
.51
.60
.81
2.23
2.47
2.55
2.71
2.79
3.24
29.48
24.79
32.89
27.94
6.15
5.27
.88
7.14
6.01
1.13
8.78
7.40
1.37
7.16
6.30
8.36
7.10
1.26
8.26
6.93
1.33
.85
9.10
7.61
1.50
2.44
25.80
21.59
.62
7.43
6.11
1.32
.73
27.92
23.15
4.78
28.46
23.83
4.62
29.62
31.73
26.95
32.35
27.70
33.24
28.06
33.26
28.52
4.74
32.79
27.46
5.33
3.97
4.56
4.68
4.96
.86
5.10
13.15
17.07
18.18
111. 90
48.13
49.08
Manufacturing _
Nonmanufacturing
Public utilities
Electric
2.67
2.24
3.28
Gas and other
4.21
4.70
4.94
Communication
15.45
18.16
19.77
1.22
.83
1.24
.84
.54
.74
.79
1.33
.92
1.66
3.46
.40
.53
24.61
1.26
.94
.64
.71
21.53
1.31
.85
.65
.57
7.34
6.43
4.36
6.18
5.76
28.50
25.71
Commercial and other ?_. 22.97
6.64
1. Excludes agricultural business; real estate; medical, legal, educational, and cultural
services; and nonprofit organizations.
2. Estimates are based on planned capital expenditures reported by business in late July
and August 1979. The planned expenditures for 1979 have been corrected for biases. The adjustment procedures are described in the February 1970 issue of the SURVEY OF CURRENT
BUSINESS. Before adjustment, plans were $177.19 billion for all industries, $79.95 billion for
manufacturing, and $97.24 billion for nonmanufacturing.
7.12
3.
4.
5.
6.
7.
2.59
4.56
.48
.82
26.39
1.40
1.04
.84
24.76
24.71
24.92
4.70
4.78
4.66
5.18
18.90
18.46
18.75
20.29
26.09
27.12
27.73
28.51
Includes industries not shown separately.
Includes guided missiles and space vehicles.
Consists of fabricated metal, lumber, furniture, instruments, and miscellaneous.
Consists of apparel, tobacco, leather, and printing-publishing.
Consists of trade, service, construction, finance, and insurance.
By WILLIAM K. CHUNG
Capital Expenditures by Majority-Owned Foreign Affiliates
of U.S. Companies, 1979 and 1980
Plans for 1979, reported in June, ported last December, which showed a
LAJORITY-owned foreign affiliates
of U.S. companies plan to increase cap- were revised upward from plans re- 15-percent increase. There were upward
revisions in nearly all major areas and
ital expenditures 15 percent in 1980, to
industries. The revisions in petroleum
$43 billion, following a planned 22-per3. During 1978, the
declined percent on a
,
„
.
cent increase in 1979. In 1978, spend- weighted basis againstdollarcurrencies 10 ten industrial trade- and in manuiactunng—mainly transthe
of
couning increased 12 percent (chart 7 and tries (Belgium, Canada, France, Germany, Italy, Japan, portation equipment, paper and allied
the Netherlands, Sweden, Switzerland, and the United
.
i •
i
table I). 1
Kingdom).
p r o d u c t s , electrical m a c h i n e r y , a n d
Although larger than the 13-percent
CHART 7
average annual increase for the 1970-78
period, the increase planned for 1980 is
Capital Expenditures by Majority-Owned Foreign Affiliates
smaller than that for 1979, in part
of U.S. Companies
reflecting expectations of more moderate economic growth abroad next year Billion $
(Ratio scale)
Billion $
60
than this year. The near-record increase
BY INDUSTRY
BY AREA
2
for 1979 reflects several factors. Busi40
ness activity in most foreign developed 40
countries has been expanding. Strong
Total
Total
demand for manufactured goods—particularly automobiles—has led to in- 20
20
creased spending to expand productive
capacity. In addition, inflation abroad
has accelerated in a number of countries
this year, raising the cost of projects;
some foreign affiliates may have moved
their spending plans forward in time in
anticipation of rapid future inflation.
Other Developing
../
Finally, depreciation of the dollar in
Countries
>X
foreign exchange markets last year
/
/
increased foreign-currency expenditures
Latin America
stated in dollar terms.3
#
NOTE.—The
estimates
were
prepared
by
Jeffrey H. Lowe.
1. Capital expenditures are expenditures that are made to
acquire, add to, or improve property, plant, and equipment,
and that are charged to capital accounts. They are on a gross
basis; sales and other dispositions offixedassets are not netted
against them. Capital expenditures are reported to BE A in
current dollars; they are not adjusted for price changes in host
countries or for changes in the value of foreign currencies
against the dollar, because the data needed for such adjustments are unavailable.
A majority-owned foreign affiliate is a foreign business enterprise in which a U.S. company owns, directly or indirectly, at least 50 percent of the voting rights. These data arc
universe estimates based on BEA's semiannual sample
survey. The latest survey, taken in June 1979, covered about
5,000 majority-owned foreign affiliates.
2. The largest annual increase since 1957, the first year for
which spending estimates are available, was 23 percent
in 1974.
Trade
/
/
Mining & Smelting
\
"
'
\
..••'
y
and Unallocated
/Other
/"Developed
/ Countries
.2 I
I
1967
I
I
69
I
I
71
I
I
73
I
I
I
75
I
77
I
I
79
I I
i
i
i
1967 69
I
i
71
i
i
73
i
i
75
i
i
77
i
79
• Planned
.U.S. Department of Commerce, Bureau of Economic Analysis
19
i
I .2
SURVEY OF CURRENT BUSINESS
20
September 1979
3A-C). The increase is primarily for
projects to extract crude oil from tar
sands and to produce synthetic crude
oil. Affiliates in the United Kingdom
plan a 9-percent increase, to $3.1
billion, following a 5-percent increase.
The increase is for exploration and
production in the North Sea. Sizable
increases are planned in Germany in
both years, primarily for modernization
and expansion of refining facilities.
Affiliates in the Netherlands and Denmark also plan to increase spending
sharply, mainly for offshore exploration
and development. In Australia, affiliates
plan a 47-percent increase, to $0.5
billion, following a moderate increase
this year. The increase is largely for
exploration in western Australia, a
frontier area involving high-risk and
high-cost operations.
In contrast, Norwegian affiliates plan
a 6-percent increase, to $0.8 billion,
chemicals—were large in both de- in 1980 than in 1979. In petroleum, an
18-percent increase is planned, folveloping countries.
In 1980, affiliates in developed lowing a 12-percent increase this year;
countries plan a 15-percent increase in in mining, a 62-percent increase is
spending, to $32.1 billion, compared planned, following a 24-percent inwith a 20-pecent increase in 1979. In crease.
developing countries, affiliates plan a
Petroleum
17-percent increase, to $9.4 billion, comPetroleum affiliates plan to increase
pared with a 28-percent increase. Affiliates in "international and unallo- spending 18 percent, to $13.2 billion,
cated"—mainly those with shipping following a 12-percent increase this year
operations spanning more than one (table 2). The step-up mainly reflects
geographic area—plan an 8-percent in- an intensified search in a number of
crease, to $1.5 billion, compared with a countries for new sources of petroleum,
following the disruption of Iranian sup22-percent increase.
By industry, manufacturing affiliates plies and the sharp increase in crude oil
plan a smaller increase in spending in prices by the Organization of Petroleum
1980 than in 1979—16 percent com- Exporting Countries.
In developed countries, spending is to
pared with 27 percent. Spending by
trade affiliates is expected to decline increase 13 percent, compared with 8
slightly after a 33-percent increase in percent in 1979. Canadian affiliates plan
1979. In contrast, petroleum and mining to increase spending 15 percent, to $2.5
affiliates plan larger spending increases billion, after a 5-percent increase (tables
Table 1.—Capital Expenditures by Majority-Owned Foreign Affiliates of Ur.S. Companies, 1974-80
Billions of dollars
P e r c e n t change from preceding yeai
Latest plans l
Actual expenditures
1975
Total
1976
1977
1978 1
Earlier p l a n s
1980
1979
1978
6
-8
11
12
22
15
9
13
-21
-11
-33
18
7
8
24
12
62
18
2
1979
Latest plans 1
Actual expenditures
1974
1975
1976
1977
1978 !
1979
1980
Earlier plans 2
1978
1979
15
25.3
26.8
24.7
27.5
30.7
37.4
43.0
30.6
35.2
10
7
11
1.2
8.9
11.3
.9
7.9
.6
9.3
.6
10.0
.7
11.2
1.2
13.2
.6
10.0
.7
10.7
By industry
Mining and smelting
Petroleum
-3
-4
17
15
27
16
13
19
1.1
7.8
11.6
10.9
12.7
14.6
18.6
21.6
14.4
17.1
Food products
Paper and allied products,.
Chemicals and allied products
-8
-21
25
(*)
-15
10
25
18
-11
21
19
1
25
34
23
6
48
-4
20
30
-3
6
16
14
.7
.9
2.1
.7
.7
2.5
.7
.6
2.7
.9
.7
2.4
1.0
.8
2.5
1.3
1.1
3.0
1.4
1.7
2.9
1.0
.9
2.4
1.1
1.1
2.7
Rubber products
Primary and fabricated metals
Machinery, except electrical
3
-5
-10
—22
-1
-4
—15
5
36
14
1
20
—5
3
18
g
7
19
—6
-7
14
32
-13
22
4
.7
3.1
4
.7
2.8
.3
.7
2.7
3
.7
3.6
3
.7
4.4
.3
.7
5.2
.3
.8
6.2
.2
.6
4.2
.3
.6
5.1
-23
-11
10
-9
-4
-14
22
35
19
8
22
21
23
63
27
12
27
17
11
29
17
13
38
19
1.1
1.6
1.1
.9
1.4
1.3
.8
1.4
1.1
1.0
1.8
1.3
1.1
2.2
1.6
1.3
3.7
2.0
1.5
4.6
2.3
1.1
2.4
1.5
1.2
3.3
1.8
4
13
-32
9
10
-8
13
13
33
23
-3
4
22
13
17
20
2.1
2.6
2.4
3.1
1.6
3.3
1.8
3.1
2.0
3.5
2.6
4.3
2.6
4.5
2.1
3.5
2.5
Manufacturing
Electrical machinery
Transportation equipment
Other
Trade
Other
.
_-
-- _
(*)
4.2
By area
5
European Communities (9)
France
Germany...
_
United Kingdom
Other
Other
Japan
_
_
Australia, New Zealand, and South
Africa
International and unallocated
14
20
15
12
14
17.8
18.8
17.8
20.4
23.3
28.0
32.1
22.9
26.1
10
18
1
17
20
21
24
11
5
13
10
18
55
10.2
50
11.7
5.6
10.5
62
12.4
62
14.5
7.5
17.6
9.3
19.6
6.5
14.0
16.5
-11
-37
-9
-1
—6
-8
21
22
5
32
14
6
18
8
36
20
4
14
20
16
29
14
27
30
12
9
12
13
13
5
14
5
31
16
4
5
16
15
20
12
20
34
8.8
1 5
2.3
2.7
2.4
1.4
9.9
1.9
2.1
3.6
2.3
1.8
8.8
1.2
1.9
3.6
2.2
1.6
10.7
1.5
2.0
4.7
2.5
1.7
12.6
1.6
2.7
5.7
2.6
2.0
15.1
1.8
3.5
6.5
3.2
2.6
16.9
2.0
3.9
7.3
3.7
2.7
12.2
1.5
2.6
5.5
2.6
1.8
14.1
1.8
-8
—18
20
47
25
—5
44
10
.8
.8
.6
.8
1.1
1.4
1.3
1.1
1.2
19
—1
1.2
1.2
1.0
1.1
1.4
1.5
1.9
1.3
1.3
6.5
7.6
3.1
.9
1.3
1.3
3.8
1.0
1.1
1.6
1.2
1.4
—15
25
7
26
_
.
-19
9
13
28
17
17
17
5.4
6.4
5.1
5.6
6.3
8.0
9.4
1
22
55
20
-14
-18
-17
-35
-2
28
31
2
22
18
-22
41
33
17
1
47
13
-5
20
17
2.9
.6
4.2
1.0
4.7
1.0
-12
26
.8
1.1
1.3
1.3
1.1
.8
2.6
.7
1.4
.8
3.1
.9
-11
51
3.1
.7
2.6
.6
36
27
24
19
1.1
1.2
1.1
1.8
1.5
2.2
-23
5
-17
-26
22
7
-20
22
2.0
1.7
1.8
1.5
1.1
1.4
1.5
* Less than 0.5 percent (±).
1. Based on the BEA survey taken in June 1979.
9
18
D evelopin g countries
Latin America
Other Africa
Middle East
Other Asia and Pacific
15
11
-11
13
22
-9
37
(*)
22
Canada
Europe
-5
—9
14
Developed countries -
2. Based on the BEA survey taken in December 1978.
7.1
3.2
6.1
3.1
2.4
September 1979
compared with a 31-percent increase in
1979. The slower growth partly reflects
the completion in 1979 of several North
Sea projects, as well as a slowdown in
North Sea development associated with
anti-inflationary policies of the Norwegian Government. A large decline is
planned in Japan, after a substantial
increase in 1979. The decline reflects
the completion in 1979 of several large
projects for the expansion of refineries
and the construction of storage facilities.
In developing countries, spending is
to increase 27 percent, to $4.4 billion,
compared with 17 percent this year.
Affiliates in "other Middle East" plan
to increase spending 41 percent, after a
20-percent increase. The increase is for
ongoing projects, including exploration
and development, additional port facilities, and a saltwater injection system
to assist in more complete extraction of
petroleum. In "other Asia and Pacific,"
affiliates plan a 32-percent increase,
about the same rate of increase as this
year. The increase is primarily for
expansion of refining capacity in Korea
and for development of gas resources in
Thailand.
In "international and unallocated,"
affiliates plan a 23-percent increase, to
$0.5 billion, following a 49-percent increase. The increase is largely for the
purchase of new and used tankers and
reflects the continued recovery of tanker
rates, after several years of decline.
Manufacturing
Manufacturing affiliates plan to increase spending 16 percent, to $21.6
billion, following a 27-percent increase
in 1979. Increases are planned in all
industries except chemicals; they are
particularly large in transportation
equipment, nonelectrical machinery,
and paper and allied products.
In developed countries, affiliates plan
a 16-percent increase, to $18.4 billion,
following a 26-percent increase in 1979.
The increase is centered in Canada and
Europe, particularly the United Kingdom, Germany, and France.
Canadian affiliates plan to increase
spending 26 percent, to $4.9 billion, following a 33-percent increase. By far the
largest dollar increase is in transportation equipment, mainly for expansion of
capacity to produce new fuel-efficient
automobiles. The sharp increase in
SURVEY OF CUEEENT BUSINESS
21
Table 2.—-Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies,
Selected Areas and Industries, Latest Plans for 1979 and 1980
1979
Total
Petroleum
1980
Manufacturing
Other i
Total
Petroleum
Manufacturing
Other i
Percent change from preceding year
12
27
26
15
18
16
7
8
17
49
AH
Developed countries
Developing countries
International and unallocated.
26
32
23
46
12
15
17
8
13
27
23
16
17
12
()
*
()
*
Millions of dollars
All areas.
Developed countries
Developing countries
International and unallocated -
37,408
11,198
18,572
7,638
42,969
13,169
21,598
8,202
28,008
8,049
1,351
7,317
3,442
439
15,830
2,742
4,861
1,866
912
32,091
9,425
1,452
8,270
4,361
539
18, 396
3, 203
5,426
1,861
914
* Less than 0.5 percent ((±).
1. Consists of mining and smelting, trade, and "other" industries, which are shown separately in table 1.
paper and allied products is for expansion of pulpmills and related facilities,
probably in response to the current
tight supply of such products in North
America. In nonelectrical machinery,
affiliates plan a substantial spending increase, both for construction of new
plants and for capitalization of computer equipment for rental.
Affiliates in the United Kingdom plan
an 18-percent increase, to $3.6 billion,
about the same rate of increase as in
1979. The increase is primarily in nonelectrical machinery and, as in Canada,
is for plant expansion and capitalization of computer equipment for rental.
German affiliates plan to increase
spending 14 percent, to $3.4 billion, following a 31-percent increase in 1979.
The increase, which is concentrated in
the transportation equipment industry,
is mainly for expansion and modernization of automobile plants. In contrast,
German chemical affiliates plan a sizable decline in spending, following a substantial increase. The decline partly reflects the completion of several major
expansion projects in 1979, as well as
some decline in demand due to higher
prices, reflecting increased costs of
petroleum feedstocks. In France, affiliates plan a 20-percent increase in
spending, to $1.4 billion, following a
moderate increase in 1979. The increase
is centered in the nonelectrical machinery and transportation equipment industries. In nonelectrical machinery,
the increase is for the capitalization of
computer equipment for rental; in
transportation equipment, it is for expansion of an auto-components plant.
In developing countries, affiliates plan
a 17-percent increase, to $3.2 billion,
following a 32-percent increase this
year. Particularly large increases are
planned in Brazil and Mexico. The
increase in Brazil is primarily for automotive plant expansion and construction of a new glass manufacturing
plant. The increase in Mexico is for the
construction of an automotive engine
plant and expansion of assembly
capacity.
Mining and smelting,
other industries
trade, and
Mining and smelting affiliates plan to
increase spending 62 percent, to $1.2
billion, following a 24-percent increase
in 1979. The increase is largely accounted for by Canadian affiliates' plans
to expand copper smelting capacity and
to develop new potash mining facilities.
Trade affiliates plan a 3-percent
decline in spending, to $2.6 billion,
after a 33-percent increase in 1979.
Declines are expected in many countries, but are particularly large in
France and Germany, where major
expansion and modernization projects
were completed this year.
Affiliates in "other" industries—agriculture, public utilities, transportation,
construction, and finance and other
services—plan a 4-percent increase, to
$4.5 billion, after a 23-percent increase
in 1979. An increase planned by a
Canadian affiliate in public utilities is
partly offset by a decline in "other
Latin American Republics/7 where a
major overhaul of undersea cables was
completed this year.
SUEVEY OF CURRENT BUSINESS
22
September 1979
Table 3A.—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 1978 1
[Millions of dollars]
Manufacturing
Mining Petroindus- and
leum
tries smelting
All
Total
Food
products
ChemiPrimary MachinPaper
and
and
cals and Rubber
ery,
allied
allied products fabriexcept
cated
products products
elecmetals
trical
Electrical machinery
Transportation
equipment
Other
manufacturing
Other
Trade industries
All countries. _.
30,704
585
10,041
14,612
1,043
835
2,459
301
703
4,391
1,055
2,243
1,582
1,988
3,478
Developed countries-
23,296
424
6,794
12,539
758
728
2,026
208
547
4,022
886
2,004
1,358
1,679
1,861
Canada
6,249
214
2,022
2,928
155
486
752
91
78
442
197
516
211
212
872
Europe
14,540
7
4,188
8,413
478
206
1,115
100
452
3,207
628
1,243
1,181
751
12,560
438
1,597
2,731
859
908
145
215
5,666
4
0
0
0
436
16
50
74
30
142
14
5
105
189
6
24
2
41
71
1
0
46
1,026
118
83
170
60
133
3
33
426
90
33
122
256
72
150
37
71
2,748
7,862
338
1,171
2,317
708
622
30
135
2,542
431
6
39
91
10
52
1
(*)
230
3,089
(D)
669
825
372
(D)
1
1
1,048
553
22
61
179
120
27
8
4
131
1,091
36
100
623
16
57
1
(*)
257
958
26
124
341
46
56
(*)
90
275
873
41
241
137
59
110
(D)
(D)
265
331
26
63
21
19
26
(D)
(D)
107
1,980
644
496
180
353
308
3
2
()
*
0
0
()
*
118
75
26
543
55
32
18
52
14
76
5
23
20
13
152
0
147
1
1
3
9
21
44
18
166
59
420
54
121
1
136
109
Japan
1,121
()
*
242
717
100
122
40
Australia, Ney Zealand and South
Africa
1,387
202
341
481
1,081
47
258
185
1
16
287
(D)
(D)
3S7
11
84
6,300
161
2,952
2,074
285
3,122
122
665
1,674
189
European Communities (9)_.
Belgium and Luxembourg..
France
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom
Other
Norway
Spain
Sweden
Switzerland.
Other
Australia
New Zealand..
South Africa. .
Developing countries.
Latin America
Latin American Republics.
Argentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central AmericaOther and unallocated
2,794
292
1,025
41
195
347
33
145
473
149
94
Other Western Hemisphere
Bahamas
Bermuda
Jamaica
Other and unallocated . . .
116
3
34
176
Other Africa-
Liberia
Libya
Nigeria
Other and unallocated.
Middle East
Iran
Other and unallocated.
0
0
92
3
45
2
(D)
o
10
29
()
*
0
499
113
65
4
81
1
4
112
15
57
47
166
20
2
()
*
144
882
36
156
92
1,104
17
2
3
8
3
1
(*)
(*)
(*)
188
6
59
1
9
52
3
1
36
15
6
(D)
(D)
179
63
165
198
(D)
1
160
3
16
51
1
11
90
15
59
132
(D)
(D)
805
49
1
18
106
433
155
369
169
239
224
308
90
345
118
341
91
87
7
60
220
199
220
442
197
15
211
34
88
(•)
3
41
2
1
30
7
5
338
52
80
(*)
90
C) r
(•)
332
13
142
1
25
59
(*)
3
81
4
2
13
(*)
(*)
118
8
18
1
2
22
0
(*)
(D)
()
*
(D)
(D)
341
16
255
0
7
60
0
220
15
103
(*)
(*)
C)
(*)
(*)
17
32
1
6
11
25
0
4
3
C)
24
169
(*)
1
23
20
149
47
162
(*)
(*)
(*)
(*)
(*)
291
India
Indonesia
Korea
;
Philippines
Other and unallocated..
25
324
84
170
589
1
271
53
42
292
22
13
16
109
132
International and unallocated..
1,108
295
• Less than $500,000.
D
Suppressed to avoid disclosure of data of individual reporters.
(*)
91
(*)
(*)
(*)
101
24
20
(*)
(*)
(*)
()
*
1
24
16
104
95
(*)
(*)
(*)
658
66
(D)
5
1
1
58
1,192
Other Asia and Pacific-
27
(D)
(D)
24
59
(*)
(*)
(*)
69
792
(D)
(*)
(D)
20
()
860
107
997
1,654
91
747
24
110
276
9
6
328
50
13
770
64
156
122
540
551
23
277
129
(D)
(*)
(*)
(*)
(*)
20
()
(*)
(P)
26
16
106
812
See footnote 1, table 1.
SURVEY OF CURRENT BUSINESS
September 1979
23
Table 3B.—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 1979
[Millions of dollars]
Manufacturing
All
Mining
indusand
tries
smelting
Petroleum
AH countries...
37,408
728
11,198
18,572
Developed countries..
28,008
469
7,317
15,830
Canada
7,485
219
2,132
Europe
17,639
6
15,071
553
1,847
3,522
1,032
1,142
198
323
6,454
4
European Communities (9)..
Belgium and Luxembourg.
France
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom
Other
Norway
Spain
Sweden
Switzerland.
Other
Japan
Australia, New Zealand and South
Africa
Australia
New ZealandSouth Africa..
2,568
824
768
191
460
324
1,403
1,481
8,049
Other AfricaLiberia
_
Libya
Nigeria
Other and unallocated _
Middle East
Iran
Other a n d unallocated.
Other Asia and PacificIndia
Indonesia __
Korea
Philippine s
Other and unallocated. _
International a nd unallocated
(*)
(*)
(*)
244
Machinery,
except
electrical
Electrical machinery
1,299
1,120
3,019
287
725
5,162
1,301
3,655
2,005
2,639
4,271
982
1,014
2,396
194
579
4,797
1,063
3,120
1,685
2,226
2,166
3,882
224
562
841
72
93
678
268
946
198
273
979
4,506
10,545
624
412
1,411
97
474
3,665
707
1,866
1,289
1,644
938
3,636
(D)
(D)
272
(D)
108
(D)
37
2,872
870
710
69
29
7
55
9,801
467
1,211
3,027
880
855
40
274
3,047
552
20
54
71
41
228
9
5
125
381
7
40
3
50
194
1
0
86
1,294
182
88
266
79
108
2
62
506
444
11
45
71
26
62
(*)
1
228
3,556
(D)
659
943
495
617
1,631
(D)
78
1,019
17
75
2
3
1,236
25
138
475
41
75
(*)
199
283
1,215
45
339
202
79
158
16
2
374
744
29
443
138
47
87
72
29
14
109
(*)
13
81
7
9
53
38
235
0
228
3
2
2
429
17
100
23
227
62
523
68
156
1
179
119
304
0
0
Primary
and
fabricated
metals
910
59
152
202
4,153
3,788
351
1,222
73
211
569
36
270
607
156
293
(*)
3
(*)
D
)
2
3
82
493
72
26
23
3
1
1,254
90
27
11
381
33
2
37
20
6
1
42
1
18
7
1
2
260
3,442
2,742
317
106
623
170
714
2,293
209
95
520
522
122
(D)
5
39
1
5
221
8
55
2,267
209
9
58
95
502
14
203
2
29
96
1
6
142
7
3
119
7
28
2
5
49
0
1
24
3
( D
\
6
3
24
0
18
33
(D)
0
(D)
16
192
26
2
(*)
164
1,036
7
4
0
0
3
13
133
100
680
1,110
1
35
1,075
1
C)
(•)
(*)
(*)
927
133
121
734
10
164
500
9
10
505
48
26
(*)
27
1
1
16
(*)
C)
(*)
(*)
(*)
(*)
0
13
34
42
167
28
1
12
98
16
53
320
413
1,193
161
515
265
305
670
156
11
116
(*)
515
263
30
96
1
40
21
292
57
144
1
6
35
3
1
32
7
7
570
(D)
117
(D)
13
100
90
(*)
332
9
225
0
16
80
0
107
2
129
0
(*)
236
0
0
(*)
(*)
0
0
0
0
0
(*)
(*)
54
(*)
11
948
9
44
(*)
(*)
842
312
219
204
985
1
212
151
44
434
25
17
47
136
123
C)
27
16
15
63
28
229
1
(D)
9
35
15
(*)
48
30
0
3
2
14
84
2
12
(*)
12
71
(*)
(*)
(*)
73
71
3
(*)
50
1
348
0
68
0
0
14
(*)
()
21
(*)
958
156
156
(*)
(*)
82
n
21
(P)
156
(*)
1,750
(D)
21
535
119
137
24
)
415
(D)
126
145
()
Trade
Other
manufacturing
26
62
361
21
110
364
121
4
33
207
1,351
85
169
122
Transportation
equipment
29
375
(*)
(*)
(*)
(*)
(*)
56
439
* Less than $500,000.
Suppressed to avoid disclosure of data of individual reporters.
D
117
1
77
19
3
18
(*)
321
()
266
Latin America
Other Western Hemisphere Bahamas
Bermuda
Jamaica
Other and unallocated
(*)
0
0
1,151
64
Developing countries.
Latin American Republics.
Argentina
Brazil
Chile...
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other and unallocated-_.
(*)
products
Rubber
products
Total
Paper
and
allied
Other
industries
Chemicals and
allied
products
Food
products
(*)
1. See footnote 1, table 1.
404
(*)
14
)
358
912
24
September 1979
SURVEY OF CURRENT BUSINESS
Table 3C—-Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 1980 *
[Millions of dollars]
Manufacturing
All
Mining
indusand
Petrotries
smelt- leum
ing
Total
AH countries. _.
42,969
21,598
1,374
Developed countriesCanada
Europe
_.
European Communities (9). _
Belgium and Luxembourg.
France
Germany
Italy
Netherlands
Denmark
Ireland
_
United Kingdom..
Other..
Norway
Spain
Sweden
Switzerland.
Other.
1,179
13,169
32,091
895
8,270
18,396
980
9,266
508
2,458
4,880
19,629
4
3
5,101
4,178
11,971
11,195
0
0
327
0
246
180
8
3,143
1,449
3,440
1,069
1,021
16, 926
574
2,010
3,944
1,212
1,470
305
112
7,299
2,703
909
756
206
444
388
Japan
Australia, New Zealand and South
Africa
1,862
(*)
(
\
(*)
(*)
(*)
0
0
1
923
751
66
33
7
1,334
Australia
New Zealand.
South Africa..
Developing countries.
Latin America
Latin American Republics.
Argentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other and unallocated...
Other Western Hemisphere.
Bahamas
Bermuda
Jamaica
Other and unallocated
Other Africa.
Liberia
Libya
Nigeria
Other and unallocated.
37
93
3,604
775
71
396
149
39
121
1
75
9,425
284
474
163
4,361
1,022
10
876
5
0
0
4
13
143
112
Middle East.
1,514
1
1,560
246
288
1,132
561
515
8
56
96
13
73
()
*
1
266
4,408
4,282
2,234
2,041
1,336
1,298
1,586
1,138
(D)
145
22
100
3
1
(D)
26
141
549
54
152
()
•
47
328
49
273
149
65
176
(D)
(D)
397
968
412
1,688
809
673
37
90
201
139
33
18
9
146
47
30
8
5
3
2
126
()
*
15
(D)
D
()
10
137
(D)
D
()
13
(D)
52
193
0
185
1
3
4
38
3
11
(D)
(D)
12
448
18
100
23
217
91
403
66
46
204
119
68
30
66
2
27
1
2
907
769
65
74
672
590
24
58
82
66
206
9
3
142
557
533
9
85
4
118
222
1
0
94
1,309
1,188
84
76
(D)
12
5
13
9
()
*
0
(D)
8
0
1
2
82
121
1
69
14
3
34
70
6
5
2
()
*
4
Iran
Other and unallocated.
Other Asia and Pacific
1
1,476
15
1,332
(*)
111
73
(D)
20
1
1
48
1
24
D
3,203
394
119
638
2,628
283
96
282
10
83
()
*
12
94
5
()
*
44
15
18
132
1,114
6
161
661
6
3
453
37
28
0
71
0
0
40
1
0
1
C)
1
214
242
626
(D)
(D)
468
22
22
112
125
188
101
1
1
145
7
3
571
93
3
2
492
404
1,173
88
382
321
575
88
108
6
40
()
*
4
36
0
()
*
19
2
()
*
398
15
257
0
27
97
0
()
*
3
()
*
()
*
1
0
0
1
0
208
561
34
380
41
143
1
40
55
()
*
()
*
93
2
6
308
20
171
1
8
59
3
1
29
8
7
475
85
135
(D)
(D)
39
27
24
86
38
32
2
13
()
*
1
3
9
100
90
(*)
(D)
(D)
1
11
34
0
1
7
2
0
0
0
0
()
*
0
0
0
()
*
5
64
1
1
0
(D)
()
*
(D)
76
19
69
5
1
6
16
40
(D)
200
0
()
*
136
0
0
5
0
0
1
4
0
0
0
0
0
2
4
0
0
0
0
0
2
0
0
3
1
3
2
0
0
2
0
0
77
19
105
51
0
2
86
4
12
3
5
1
0
()
*
1
()
*
1
0
(D)
(D)
()
*
18
37
1
()
*
5
(D)
2
1
28
(D)
0
8
8
3
15
0
1
4
4
0
0
0
1
19
2
7
0
9
2
(D)
()
*
0
0
5
165
()
*
(D)
2
()
*
4
()
*
(D)
3
()
*
(D)
(D)
164
561
9
(*)
95
17
57
584
9
()
•
()
*
101
169
213
0
0
4
(*)
()
60
40
2
18
209
(D)
(D)
D
399
0
0
()
*
556
69
193
1
181
110
109
10
1
)
152
296
()
*
()
*
>27
436
11
2
()
*
28
(D)r
132
()
*
(*)
()
*
1,281
112
15
2
(*)
(D)
()
*
0
0
0
70
184
1
(D)
(*)
()
482
(D)
1
D
()
*
()
*
4
51
6
12
()
*
0
2
()
*
1. See footnote 1, table 1.
9
20
1
0
()
•
4
15
2
12
84
12
71
(D)
(D)
()
*
2
7
39
()
*
539
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual reporters.
1,021
5
9
37
()
*
6
96
(*)
()
497
()
*
31
1,115
138
766
(D)
22
1,347
1,452
256
167
32
2
37
25
2
1
16
6
International and unallocated.
2,369
836
5,716
71
332
(D)
2
(D)
26
346
382
182
1,280
2,162
645
434
17
116
42
(D)
India
Indonesia
Korea
Philippines
Other and unallocated..
4,049
197
(D)
513
127
4
30
352
2,216
4,456
1,161
2,268
()
*
Other
industries
2,567
1,535
136
96
200
71
133
3
30
519
Trade
1,845
(D)
2,603
987
1,456
Other
manufacturing
2,337
117
690
162
(D)
(D)
43
1
5
245
8
99
58
19
6,152
Transportation
equipment
4,633
777
49
120
3
(D)
57
(D)
9
4
14
0
12
17
0
Electrical machinery
309
70
4,195
401
1,486
80
216
770
45
288
575
193
141
(D)
Machinery,
except
electrical
2,906
1,654
568
382
1,472
57
334
4,708
482
Primary
Paper
Chemiand
and
cals and Rubber
fabriallied
allied
products
cated
products products
metals
977
58
144
125
661
Food
products
471
(*)
39
26
18
387
914
By JORGE C. LAMAS
U.S. International Transactions,
Second Quarter 1979
OUBSTANTIAL increases in both
U.S. private assets abroad and foreign
private assets in the United States, and
the second consecutive large decline in
foreign official assets here, highlighted
U.S. international transactions in the
second quarter. U.S. private assets
abroad increased $14.8 billion, compared with a $3 billion increase in the
first quarter. Claims on foreigners reported by U.S. banks increased $7.1
billion, in contrast to a $6.6 billion firstquarter decrease. The increase probably
reflected a narrowing of interest rate
differentials between the United States
and other leading industrial countries.
Outflows for U.S. direct investments increased $1.3 billion, to $7 billion; most
of the increase was accounted for by
reinvested earnings outflows. In contrast, net U.S. purchases of foreign
securities decreased $0.4 billion to $0.6
billion, mainly reflecting a decline in
new issues of Canadian securities in the
United States.
Foreign private assets in the United
States increased $13.9 billion, compared
with a $10.9 billion increase in the first
quarter. Partly offsetting was a $9.5
billion decline in foreign official assets
in the United States, following a similar
decline in the first quarter. The decline
mainly reflected continued intervention
sales of dollars in exchange markets by
several leading industrial countries.
Among foreign private assets, liabilities
to private foreigners and international
financial institutions reported by U.S.
banks increased $11.1 billion in the
second quarter, compared with a $9.7
billion increase in the first. These large
inflows were encouraged by higher
interest rates in the United States than
abroad and by the strength of the dollar
during much of the quarter. Inflows for
foreign direct investments in the United
States—mainly for equity and intercompany accounts—increased $1 billion
to $2 billion. Net foreign purchases of
U.S. securities other than Treasury
securities increased $0.1 billion to $0.9
billion.
The U.S. balance on current account
shifted to a $1 billion deficit from a
$0.4 billion first-quarter surplus; a $1.6
billion increase in the merchandise
trade deficit, to $7.7 billion, more than
accounted for the shift. Net service
receipts increased $0.3 billion to $8.1
billion. Receipts of income on U.S.
investments abroad continued to advance strongly, outpacing moderate
increases in payments of income on
Table A.—Summary of U.S. International Transactions
[Millions of dollars, seasonally adjusted]
1979
1978
Line
Lines in tables 1, 2, a n d 10 in which transactions are included are
indicated in ( )
1977
III
Exports of goods and services (1).
Merchandise, excluding military (2)..
Other goods and services (3-15)
Imports of goods and services (17)
Merchandise, excluding military (18)..
Other goods and services (19-31)
U.S. Government grants (excluding military grants of goods and
services) (34)
Remittances, pensions and other transfers (35, 36)
U.S. assets abroad, net (increase/capital outflow (—)) (37)
U.S. official reserve assets, net (38)
U.S. Government assets, other than official reserve assets, net
(43).....
U.S. private assets, net (47)
Foreign assets in the United States, net (increase/capital inflow (+))
(56)
Foreign official assets, net (57)
Other foreign assets, net (64)
Allocations of special drawing rights (74)..
Statistical discrepancy (75)
Change:
1979
I-II
1978
IV
II
J
184,592
120,816
63,776
220,849
141,884
78,965
49,085
30,811
18,274
54,225
35,267
18,958
56,222
36,491
19,731
61,317
39,315
22,002
64,893
41,348
23,545
67,563
42,792
24,771
2,670
1,444
1,226
-194,015
-151,689
-42,326
-229,658
-176,071
-53,587
-54,792
-42, 710
-12,082
-56,338
-43,174
-13,164
-58,216
-44,503
-13,713
-60,316
-45,684
-14,632
-63,156
-47,463
-15,693
-67,146
-50,508
-16,638
-3,990
-3,045
-945
-2,775
-1,895
-3,152
-1,934
-765
-463
-827
-486
-770
-463
-790
-524
-517
-897
-485
-92
32
-35,793
-375
-60,957
732
-15,188
187
-5,466
248
-10,049
115
-30,254
182
-7,637
-3,585
-15,468
343
-7,831
3,928
-31,725
-4,656
-57,033
-1,009
-14,366
-1,263
-4,451
-1,390
-8,774
-994
-29,442
-1,094
-2,958
-1,000
-14,811
94
-11,853
50,823
36,656
14,167
63,713
33,758
29,956
18,175
15,618
2,557
941
-5,265
6,206
15,358
4,641
10,717
29,239
18,764
10,475
1,476
-9,391
10,868
4,416
-9,515
13,931
2,940
-124
3,063
-937
11,139
3,947
7,950
-2,082
1,328
1,139
4,606
12,016
-1,139
7,410
r
Revised.
p Preliminary.
25
SURVEY OF CURRENT BUSINESS
26
September 1979
Table B.—Selected Transactions With Official Agencies
[Millions of dollars]
1978
1977
Line
1979
1978
II
Changes in foreign official assets in the U.S., net (decrease —) (line
57, table 1)
Industrial countries l
..,
Members of O P E C 2
Other countries
Changes in U.S. official reserve assets (increase - ) (line 38, table 1) _
III
Change:
1979 I - I I
IV
36,656
28,766
6,351
1,539
33, 758
34,289
-727
196
15,618
13,141
1,969
508
-5,265
-2,032
- 2 , 705
-528
4,641
6,382
- 1 , 794
53
18,764
16,798
1,803
163
-9,391
-7,020
-1,916
-455
-9,515
-11,493
676
1,302
-124
-4,473
2,592
1,757
-375
732
187
248
115
182
-3,585
343
3,928
-1,423
75
-1,498
-409
887
-1,296
4,953
5,961
-1,008
-3,356
408
-3,764
-2,195
827
-3,022
1,161
419
742
31
-31
31
-31
Activity under U.S. official reciprocal currency arrangements with
foreigh monetary authorities: 3
6
6a
6b
U.S. drawings, or repayments (—), net
Drawings
Repayments
240
835
-595
5,067
8,965
-3,898
1,946
2,042
-96
7
7a
7b
Foreign drawings, or repayments (—), net.
Drawings
Repayments.
-300
120
-420
317
-317
295
-295
r
p Preliminary.
Revised.
1. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
2. Based, on data for Ecuador, Venezuela, Indonesia, and other Asian and African oilexporting countries.
22
-22
3. Consists of transactions of the Federal Reserve System and the U.S. Treasury Department's Exchange Stabilization Fund.
appreciation of the dollar during the
first part of the quarter against most
major currencies, except the British
pound, reflected continued confidence
in the U.S. commitment to defend the
dollar, and higher interest rates in the
United States than abroad, which encouraged substantial dollar inflows.
Also, early in the second quarter,
exchange markets reflected perceptions
regarding the unfavorable impact of
higher prices of imported petroleum on
countries more heavily dependent on
foreign oil than the United States,
particularly Japan. In this environment,
U.S. monetary authorities were able to
repay their outstanding debt under
official reciprocal currency arrangements with foreign monetary authorities.
foreign assets in the United States. Unilateral transfers were $1.4 billion, $0.1
billion more than in the first quarter.
The statistical discrepancy (errors
and omissions in reported transactions)
was a record quarterly inflow of $12
billion. The inflow may have partly
reflected some reversal, early in the
quarter, of unfavorable leads and lags
in commercial and financial payments.
By area, there were large unreported
inflows from Japan, Western Europe,
and Other Asia and Africa.
U.S. dollar in exchange markets
There were wide fluctuations in the
value of the dollar in exchange markets
in the April-June period. The continued
Several factors contributed to a new
decline of the dollar late in the quarter:
Interest rate differentials in favor of the
United States narrowed sharply as
foreign countries raised their interest
rates to combat inflation; there was an
unfavorable shift in market perceptions
regarding U.S. gasoline shortages and
U.S. inaction on an energy policy; and
the number of forecasts predicting a
U.S. recession increased, suggesting
that U.S. interest rates might not rise
further, in contrast to continued rises
abroad.
From the end of March to the end of
June, the dollar appreciated 4 percent
against the Japanese yen, and 1 percent
against the Dutch guilder and Canadian
dollar. In contrast, the dollar dep re-
Table C—Indexes of Foreign Currency Price of the U.S. Dollar
[May 1970=100]
E n d of period
I
Trade-weighted average against 22 OECD currencies 1
Trade-weighted average against 10 currencies 2
Selected currencies: 3
Canada
France
Germany
_.
Italy
Japan
Netherlands
__
Switzerland
United Kingdom.
_
" III
IV
I
II
III
IV
I
II
90.7
86.6
89.7
85.6
90.3
85.1
85.4
79.5
84.1
77.4
82.1
77.1
79.2
73.2
78.5
71.3
80.3
73.0
80.9
72.4
98.4
90 0
65.8
141.1
77 3
68.6
58.8
139.7
98.7
89 1
64.4
140.7
74 6
68.1
56.9
139.6
99.9
88.8
63.5
140.3
74 0
67.6
54.1
137.6
101.9
85.2
57.9
138.6
66 9
62.8
46.5
126.0
105.4
83.0
55.7
135.5
62.0
59.6
43.2
129.4
104.7
81.6
57.1
135.9
57.0
61.5
43.0
129.1
110.2
78.5
53.4
130.9
52.7
58.0
35.7
121.8
110.4
75.7
50.3
131.9
54.2
54.2
37.5
118.1
108.1
77.8
51.4
133.5
58.3
55.4
39.1
116.1
108.7
77.6
50.9
132.4
60.5
55.9
38.5
110.8
1. Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France,
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway,
Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom. Data: U.S. Department
of the Treasury.
II
1979
1978
1977
2. Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, United Kingdom. Data: Federal Reserve Board. The index has been revised as a result
of a change in method of computation; for details, see the August 1978 Federal Reserve Bulletin.
The new F R B index was rebased by B E A.
3. Data: International Monetary F u n d .
September 1979
SURVEY OF CUEEENT BUSINESS
27
in deficit by $7.7 billion in the second
quarter, compared with $6.1 billion in
the first. The $1.6 billion increase
resulted from faster growth in imports
than in exports.
Imports increased $3 billion, or 6
percent, to $50.5 billion; volume inMerchandise trade
creased 1 percent. Petroleum imports,
The merchandise trade balance was which are not adjusted for seasonal
variation, increased 11 percent to $12.9
billion. Average unit prices increased
CHART 8
17 percent, more than accounting for
the increase. In the first quarter, prices
Indexes of Foreign Currency Price of the U.S. Dollar (May 1970=100)
had increased 5 percent. The average
Trade-weighted average against 22 OECD currencies1
number of barrels imported daily fell to
100
8.71 million in the second quarter from
9.27 million in the first. Compared with
the second quarter of 1978, average unit
prices were 23 percent higher, and the
Trade-weighted average against 10 currencies2
average number of barrels imported
100
100
was 5 percent higher. Although the
80
80
value of petroleum imports from Iran
^ — ^
dropped by more than one half in the
60
60
1973
1974
1975
1976
1977
1978
1979
first six months of 1979, there were
3
offsetting increases from Venezuela,
Selected currencies
Saudi Arabia, Nigeria, and Mexico.
120
Nonpetroleum imports increased $1.8
100
billion, or 5 percent, to $37.5 billion;
80
volume increased 4 percent. All major
end-use categories increased. Foods,
60
feeds, and beverages; industrial supplies
i , i I,i , ,i Ii ,,i ,Ii , , ,,I , ,,ii I ,
I . . .. .I. .• < .I. i .. .I.i i• . Ii .
40
40
and materials; and capital goods regis100
100
tered the largest increases. The increase
FRANCE
NETHERLANDS
in foods was in meat, poultry, and fish.
80
80
The increase in nonpetroleum industrial
60
60
supplies and materials was primarily in
, ,,I
I
I ,
40 , , , I , , , , , I , , , , , I , , , , , I
40
nonferrous metals, iron and steel, and
chemicals. Almost half of the increase in
100
100
GERMANY
SWITZERLAND
nonferrous metals was in gold; the in80
80
crease in other nonferrous metals re60
flected the rise in their world prices.
60
Imports of iron and steel increased 16
40
40
percent, partly reflecting a shift of
i I i i i i i I ii i i i I i i iii I iii i i I ii i i
,, • I
I ,, , ., I , , , I
I ,
20
20
domestic steel consumers to foreign
sources as domestic suppliers ap160
160
UNITED KINGDOM
ITALY
proached full capacity. The increase in
140
140
chemicals was concentrated in in120
120
dustrial chemicals. Machinery imports
paced the rise in capital goods. Auto100
100
mobile imports from areas other than
, I, ,i
,,,,I,,,,,I,,,,iI,,,,, I
80
80 • , , , I . , , , , I . i , . t I
Canada increased 25 percent, as sales in
1977
1978
1979
1977
1978
1979
the United States continued brisk and
1. Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan,
the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom. Data: U.S. Department of
inventories declined. Automobile imthe Treasury.
2. Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, United Kingdom. Data: Federal
ports from Canada declined 21 percent.
Reserve Board. The index has been revised as a result of a change in method of computation; for details see the August 1978
Federal Reserve Bulletin. The new FRB index was rebased by BEA.
This pattern reflected the current em3. Data: International Monetary Fund.
phasis on small, fuel-efficient models in
NOTE.—Data are for end of month.
the domestic market.
U.S. Department of Commerce, Bureau of Economic Analysis.
ciated 1 percent against the German
mark and Italian lira, and 5 percent
against tbe British pound. The dollar
was unchanged against the Swiss and
French francs. Measured in terms of its
trade-weighted average value against
the currencies of 22 OECD countries,
the dollar appreciated 1 percent; against
the currencies of 10 major industrial
countries, it depreciated 1 percent. The
indexes were 8 percent and 5 percent,
respectively, above their October lows.
The difference between the two indexes
is due to differences in weighting and
currency composition.
i i i i i I i i i i i I i i i i i ! i i i i i I i i i i i i i i i i i I i i i i i I i i i i i I i i i i i I i i i i i I i i i i t i i i i i i I
28
Exports increased $1.4 billion, or 3
percent, to $42.8 billion; volume increased 2 percent. Agricultural exports
increased $0.1 billion, or 1 percent, to
$7.7 billion; volume declined 1 percent.
Increases in grain and tobacco were
partly offset by a 28 percent decline in
soybeans, which was due to a reduction
in European demand for soybean meal.
By area, increases in the value of exports to Eastern Europe, Latin America,
and Japan were largely offset by declines to Western Europe and Canada.
Nonagricultural exports increased
$1.4 billion, or 4 percent, to $35.1
billion; volume increased 2 percent.
An increase in industrial supplies and
materials—primarily textiles, paper,
and gold—was partly offset by declines
in capital goods and automotive products. Within the capital goods category,
machinery registered its sixth consecutive quarterly increase. The secondquarter increase was more than offset
by a decline in civilian aircraft. Automotive exports to Canada also declined, reflecting the decline in U.S.
demand for large-size automobiles assembled in Canada.
By major area, the U.S. bilateral
trade surplus with Eastern Europe increased $0.3 billion to $0.9 billion, as a
result of the previously mentioned increase in agricultural exports. The U.S.
trade balances with all other areas
showed smaller surpluses or larger
deficits. The surplus with Western
Europe declined $1.1 billion to $2.2
billion, and the deficits with Japan and
Canada both increased slightly. However, the quarterly deficits remained
smaller and the surpluses larger than
in the first half of 1978. The deficits
with OPEC members and other developing countries both increased substantially. Higher priced oil imports and
unchanged exports led to a secondquarter deficit with OPEC members of
$6.5 billion, $1.2 billion more than in the
first quarter and $1.8 billion more than
in the fourth quarter of 1978. The
deficit with other developing countries
was $1 billion, compared with $0.6
billion in the first quarter.
SURVEY OF CURRENT BUSINESS
Service transactions
transfers
and unilateral
Net service receipts were $8.1 billion,
compared with $7.8 billion in the first
quarter. Higher receipts of income from
U.S. assets abroad and from travel in
the United States by foreigners more
than offset the rise in income payments
on foreign assets in the United States
and in travel payments abroad by U.S.
residents.
Income receipts on U.S. assets abroad
increased $1 billion to $15.2 billion.
Direct investment income increased
$0.9 billion to $8.7 billion; reinvested
earnings, which rose to a record $4.6
billion, accounted for the entire increase. Increases from the United Kingdom and Canada were especially large.
Income from other private assets increased $0.2 billion to $5.9 billion,
reflecting an increase in outstanding
claims on foreigners.
Income payments on foreign assets
in the United States increased $0.5
billion to $7.8 billion; payments on
foreign direct investments in the United
States and other foreign assets each
increased $0.3 billion. Most of the
increase in income payments on foreign
direct investments was from reinvested
earnings. Earnings were largest for
affiliates of parents in Western Europe
and Japan. Income payments on private
assets increased due to a marked rise in
outstanding liabilities to foreigners.
Income payments on U.S. Government
assets declined slightly, reflecting a
decline in holdings of U.S. Treasury
securities by foreign official agencies.
Transfers under U.S. military agency
sales contracts were $1.9 billion, $0.1
billion less than in the first quarter. A
decline in deliveries to the Middle East
was partly offset by increased deliveries
to Western Europe. Direct defense expenditures abroad were unchanged at
$2 billion.
U.S. travel and passenger fare receipts increased $0.3 billion to $2.7
billion. Overseas visitors arrived in
record numbers, continuing the strong
upward trend of the previous two quar-
September 1979
ters. Payments for travel and passenger
fares by U.S. residents abroad also were
up $0.3 billion, to $3.2 billion; payments
to Canada increased 5 percent and payments to overseas areas increased 13
percent.
Unilateral transfers were up $0.1
billion to $1.4 billion. An increase in
U.S. Government grants to Israel more
than accounted for the increase.
U.S. assets abroad
U.S. assets abroad increased $15.5
billion, compared with $7.6 billion in the
first quarter. Increases in claims on
foreigners reported by banks and in
U.S. direct investments abroad accounted for most of the second-quarter
increase.
Net claims on foreigners reported by
U.S. banks increased $7.1 billion in the
second quarter, compared with a $6.6
billion reduction in the first (when there
were net repayments of dollar borrowings associated with the dollar's decline
in exchange markets in late 1978). The
increase probably reflected a narrowing
of interest rate differentials between the
United States and other leading industrial countries and continued international demand for dollars. There were
large second-quarter increases in claims
on industrial countries—especially the
United Kingdom and France—and developing countries other than OPEC
members, partly to finance sharply
higher priced oil imports. There were
small decreases in claims on Caribbean
banking centers and OPEC members.
Net capital outflows for U.S. direct
investments abroad increased $1.3 billion to $7.0 billion. Net outflows for
equity and intercompany accounts increased $0.4 billion to $2.4 billion;
reinvested earnings increased $0.9 billion to $4.6 billion. Among equity and
intercompany accounts, outflows to
petroleum affiliates increased $1.1 billion; the increase was more than
accounted for by a $1 billion increase in
outflows to an affiliate in the Middle
East and a $0.6 billion shift to outflows
to several U.K. affiliates operating in
SURVEY OF CURRENT BUSINESS
September 1979
CHARTS
Changes in Foreign Assets in
the United States
Billion $
30
h
j
25 Total
20 -
k
//r 1
jJ
i
V
_
-
/M
/ 'I
/
\\ I
ll
/
1 1 1/
• f\1
1
1
15 -
10
1
ll
[\
f
/
ft
J
•
1
1
1
-
/
the decline in the exchange rate of the
Canadian dollar and the rise in U.S.
long-term interest rates. Net sales and
redemptions of outstanding foreign
stocks and bonds were $0.2 billion,
down from $0.4 billion in the first
quarter.
U.S. official reserve assets decreased
$0.3 billion in the second quarter, compared with a $3.6 billion increase in the
first. The decrease reflected a reduction
in foreign currency holdings (primarily
German marks) as a result of intervention in exchange markets by U.S.
monetary authorities when the dollar
depreciated in late June.
Foreign assets in the United States
Foreign assets in the United States
increased $4.4 billion in the second
1
5
1
1
quarter, following a $1.5 billion increase
in the first (chart 9). Increases in liabilV III
IV i
ities to private foreigners and interna/
Other
if /
n
U
I
tional financial institutions reported by
i i
/
1
i /
U.S. banks, and in foreign direct invest/
1
t/
1
w
ments in the United States, more than
1/
1
-5 —
t
1
offset a continued reduction in dollar
1
1
holdings of foreign official agencies.
1
Official
1
Foreign official agencies reduced their
L
-10
dollar holdings in the United States
$9.5 billion in the second quarter,
following a $9.4 billion decrease in the
1
i
i
1
i
i
i
t
i
-15
first (table B). The reduction was more
1977
1978
1979
than accounted for by industrial counU.S. Department of Commerce, Bureau of Economic Analysis
tries—principally Germany, Switzerthe North Sea area. Outflows to nonpe- land and Japan—whose dollar assets
troleum affiliates declined $0.9 billion, declined $11.5 billion as a result of net
reflecting a $0.4 billion decline in out- intervention sales of dollars to limit the
flows to Canada, and a $0.2 billion shift depreciation of their currencies during
to inflows from developing countries in the first part of the quarter. Dollar
Asia and Africa.
assets of OPEC members and nonNet U.S. purchases of foreign secu- OPEC developing countries increased
rities declined from $1.1 billion to $0.6 $0.7 billion and $1.3 billion, respecbillion, reflecting a decline in new issues tively, reversing first-quarter declines.
of Canadian securities to $0.2 billion,
Liabilities to private foreigners and
the lowest level since the third quarter international financial institutions reof 1973. Private and provincial Cana- ported by U.S. banks increased $11.1
dian borrowing in the United States has billion, $1.4 billion more than in the
been low for several quarters due to first quarter. Although most U.S. short-
V
1/
/
Al\
\y I
V
29
term interest rates averaged about the
same or were slightly lower in April and
May than in the first quarter, and all
rates declined sharply in June, they
remained high by historical standards
and in comparison to rates in several
other leading money markets. In addition, confidence in the dollar during
much of the quarter encouraged inflows.
Inflows from industrial countries were
about the same in the second quarter
as in the first; inflows from Caribbean
banking centers were smaller. There
was a shift to inflows from oil-exporting
and other developing countries.
Net capital inflows for foreign direct
investments in the United States increased $1 billion to $2 billion. Net
inflows for equity and intercompany
accounts increased $0.7 billion to $1
billion; reinvested earnings increased
$0.3 billion to $0.9 billion. A shift to
inflows from Japan, largely on shortterm intercompany accounts, and larger inflows from Western Europe and
Canada, accounted for the increase.
Foreign purchases of U.S. securities
other than U.S. Treasury securities
were $0.9 billion, compared with $0.8
billion in the first quarter. Purchases
of Eurobonds issued abroad by U.S.
corporations accounted for the increase.
At $0.5 billion in the second quarter
and $0.4 billion in the first, Eurobond
purchases have exceeded the total for
the entire year 1978. Although Eurobond interest rates have risen substantially over the period, they
remained well below comparable U.S.
rates, creating incentives for corporations to borrow abroad. Foreign purchases of outstanding U.S. bonds were
$0.1 billion in the second quarter,
largely reflecting purchases by the
United Kingdom. Purchases of U.S.
stocks were $0.3 billion, down slightly
from the previous quarter because of a
decline in Japanese purchases.
(Tables 1-10 begin on following page)
SUEVEY OF CUEKENT BUSINESS
30
September 1979
Table 1.—-U.S. International Transactions
[Millions of dollars]
1978
1979
1978
(Credits + ; debits - ) i
Line
III
Exports of goods and services 2
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affiliatesReinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts
220,849
141,884
7,744
7,284
1,583
8,151
4,806
1,065
4,284
585
48,643
30,789
1,924
1,659
305
1,797
1,093
244
1,016
133
55,754
36,599
1,990
1,872
364
2,042
1,155
259
1,055
146
54,080
34,495
2,120
2,085
533
2,225
1,154
274
1,090
164
62,372
40,001
1,709
1,668
382
2,086
1,405
288
1,122
142
64,371
41,322
2,036
1,799
413
2,082
1,137
293
1,107
123
69,411
44,441
1,906
2,287
529
2,287
1,259
295
1,117
147
25,656
13,593
12,063
15,964
1,845
5,901
3,089
2,812
3,400
382
6,178
3,645
2,532
3,575
521
5,444
2,851
2,593
4,103
394
8,134
4,007
4,127
4,887
548
7,857
3,823
4,034
5,723
8,883
4,068
4,815
5,755
505
259
69
63
31
48
-57,292
-43,907
-1,753
-2,176
-890
-2,119
-88
-53
-581
-381
-58,802
-44,155
-1,873
-2,994
-805
-2,294
-103
-55
-592
-349
-60,333
-46,110
-1,948
-1,782
-581
-2,226
-108
-56
-607
-450
-61,328
-46,539
-2,002
-1,713
-627
-2,232
-102
-54
-617
-351
-68,108
-51,312
-1,998
-2,552
-922
-2,477
-107
-54
-635
-357
-605
-317
-287
-1,878
-1,943
-1,193
-466
-727
-2,079
-2,074
-1,157
-444
-713
-2,279
-2,147
-1,004
-402
-602
-2,951
-2,509
-1,150
-517
-633
-3,193
-2,750
- 1 , 496
-552
-944
-3,583
-2,616
-259
-5,086
-3,152
-1,086
U.S. military grants of goods and services, net
Unilateral transfers (excluding military grants of goods and services), net
U.S. Government grants (excluding military grants of goods and services)-.
U.S. Government pensions and other transfers
Private remittances and other transfers
50
-53,231
-41,899
-1,680
-1,523
-646
-1,967
-97
-50
-580
-364
-3,958
-1,628
-2,329
-9,188
-8,674
__.
76
-229,658
-176,071
-7,252
-8,475
-2,922
-8,606
-396
-214
-2,359
-1,545
Transfers of goods and services under U.S. military grant programs, net..
Imports of goods and services
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel
Passenger fares
Other t r a n s p o r t a t i o n
Fees a n d royalties t o affiliated foreigners
Fees a n d royalties to unaffiliated foreigners
P r i v a t e p a y m e n t s for other services
U.S. Government p a y m e n t s for miscellaneous services
P a y m e n t s of income on foreign assets i n t h e United States:
Direct i n v e s t m e n t
Interest, dividends, a n d earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private p a y m e n t s
U.S. Government p a y m e n t s
IV
-76
-1,216
-765
-254
-197
-50
-1,320
-827
-270
-223
-69
-1,233
-770
-276
-188
-63
-1,317
-790
-287
-241
-31
-1,312
-805
-257
-250
-48
-1,387
-897
-278
-213
-60,957
-15,416
-5,516
-10,038
-29,988
-7,968
-15,599
U.S. official reserve assets, net 4
Gold
Special drawing rights
_
Reserve position in the International Monetary Fund.
Foreign currencies
732
-65
1,249
4,231
-4,683
187
248
115
-3,585
343
-16
324
-121
-104
437
-85
-43
195
-37
182
—65
1,412
3,275
-4,440
-1,142
-86
-2,357
6
-78
415
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term assets
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S. short-term assets, net
-4,656
-7,470
2,938
-124
-1,071
-1,671
643
-43
-1,201
-1,998
785
13
-1,434
-2,161
707
21
-951
-1,640
803
-115
-1,156
-1,856
745
-45
-1,905
952
15
-57,033
-16,670
-4,606
-12,063
-3,487
-14,532
-5,022
-2,210
-2,812
-999
-4,564
-4,499
-1,967
-2,532
-1,095
-8,719
-2,727
-134
-2,593
-475
-29,218
-4,422
-296
-4,127
-918
-3,227
-6,024
-1,990
-4,034
-1,056
-53
-3,800
-2,178
78
237
61
-90
-129
-1,769
715
-5,488
U.S. assets abroad, net (increase/capital outflow (—))
U.S. private assets, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
_
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
Short-term
[is -33,023
63,713
33,758
24,198
23,542
656
2,754
5,411
V
Foreign official assets i n t h e U n i t e d States, net
U.S. G o v e r n m e n t securities
U.S. T r e a s u r y securities 8
Other 7
Other U . S . G o v e r n m e n t liabilities 8
U.S. liabilities reported b y U . S . b a n k s , not included elsewhere,.
Other foreign official assets »
81
Memoranda:
Balance on merchandise trade (lines 2 a n d 18)
Balance on goods a n d services (lines 1 a n d 17) n
Balance on goods, services, a n d remittances (lines 77, 35, a n d 36)
Balance on current accouut (lines 77 a n d 33)11
Transactions in U.S. official reserve assets and in foreign official assets in the United States
Increase (—) i n U . S . official reserve assets, net (line 38)
.
Increase ( + ) i n foreign official assets i n the U n i t e d States (line 57 less line 61)
See footnotes on page 40.
13
s -21,9
12 -2,719
i 6,572
s
i -7,147
s
-5,959
Foreign assets in the United States, net (increase/capital inflow ( + ) ) . .
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term 10
Short-term i°
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
-311
-15,004
-7,218
-2,403
-4,815
18,175
15,358
29,239
1,476
4,416
-5,265
-5,602
-5,813
211
-136
-164
637
4,641
3,472
3,029
443
122
963
84
18,764
13,307
13,422
-115
2,045
3,156
256
- 9 , 391
-8,877
—8,872
-9,515
-12,643
-12,737
94
145
2,829
154
6,206
1,87"
1,150
727
803
1,34'
10,717
2,280
1,56'
713
-1,053
528
10,475
1,008
4O.r
602
14 1,549
540
10,868
989
356
633
1 2,583
*
790
941
29,956
6,294
3,964
2,329
" 2,180
2,867
-194
1,834
J
15, 618
13,021
12,904
117
723
1,456
418
2,557
1,130
843
287
881
453
28
470
-63
378
86
918
-245
68
12 -651
16,975
250
-654
1,865
7,958
7, 556
11,139
3,046
7,433
634
27
7,157
1,139
3,621
~ii,~268
-34,18:
-8,809
-10,743
-13,895
-11,110
-4,588
-5,039
-5,805
-7,308
-1,538
-2,031
-2,858
-9,660
-4,722
-5,185
-5,955
-6,109
2,039
1,512
722
-5,21'
3,044
2,536
1,73:
-6,871
1,302
811
-85
732
31,004
18'
14,895
248
-5,129
115
4,519
182
16,719
-3,585
-9,22"
343
-9,669
-164
-563
213
13,931
1,978
1,035
944
-239
893
11,299
SURVEY OF CURRENT BUSINESS
September 1979
Table 2.—U.S. International Transactions—Seasonally
31
Adjusted
[Millions of dollars]
1978
(Credits + ; debits - ) i
Line
II
Exports of goods and services 2
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affiliatesReinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts
Transfers of goods and services under U.S. military grant programs, net..
Imports of goods and services
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel
Passenger fares
Other transportation
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
U.S. military grants of goods and services, net _ _ _
Unilateral transfers (excluding military grants of goods and services), net.
U.S. Government grants (excluding military grants of goods and service;
U.S. Government pensions and other transfers
Private remittances and other transfers
U.S. assets abroad, net (increase/capital outflow (—))
U.S. official reserve assets, n e t 4
Gold
.
Special drawing rights
Reserve position in the International Monetary FundForeign currencies
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term assets
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S. short-term assets, net.
U.S. private assets, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
Short-term
Foreign assets in the United States, net (increase/capital inflow (+))Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities 6
Other 7
Other U.S. Government liabilities 8
U.S. liabilities reported by 9
U.S. banks, not included elsewhere. _
Other foreign official assets
70
71
72
73
74
75
75a
76
77
78
79
80
81
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term 10
.
Short-term i°
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
Memoranda:
Balance on merchandise trade (lines 2 and 18)
Balance on goods and services (lines 1 and 17) »
Balance on goods, services, and remittances (lines 77, 35, and 36)„__
. . .
Balance on current account (lines 77 and 33) » .
Transactions in U.S. official reserve assets and in foreign official assets in the United State
Increase (—) in U.S. official reserve assets, net (line 38) _
Increase (+) in foreign official assets in the United States (line 57 less line 61)
See footnotes on page 41.
1979
III
IV
49,085
30, 811
1,924
1,719
371
1,936
1,161
244
1,016
127
54,225
35,267
1,990
1,795
369
1,942
1,150
259
1,055
142
56,222
36,491
2,120
1,807
405
2,136
1,209
274
1,090
164
5,908
3,262
2, 646
3,410
458
6,074
3,655
2,419
3,688
494
6,076
3,428
2,648
4,013
437
61,317
39,315
1,709
1,963
438
2,137
1,286
288
1,122
152
7,598
3, 248
4,350
4,853
456
64,893
41,348
2,036
1,923
505
2,243
1,207
293
1,107
116
67,563
42,792
1,906
2,187
536
2,173
1,252
295
1,117
144
7,835
4,070
3,765
5,723
557
8,701
4,079
4,622
5,939
521
76
50
69
63
31
48
-54,792
-42,710
-1,680
-1,987
-720
-2,050
-97
-50
-580
-382
-56,338
-43,174
-1,753
-2,065
-738
-2,101
-88
-53
-581
-383
-58,216
-44,503
-1,873
-2,213
-716
-2,203
-103
-55
-592
-384
-60,316
-45,684
-1,948
-2,210
-748
-2,525
-108
-56
-607
-395
-63,156
-47,463
-2,002
-2,215
-697
-2,325
-102
-54
-617
-430
-67,146
-50,508
-1,998
-2,416
-768
- 2 , 458
-107
-54
-035
-439
-605
-317
-287
-1,975
-1,957
-1,193
-466
-727
-2.110
-2,099
-1,157
-444
-713
-2,259
-2,158
-1,004
-402
-602
-2,844
-2,460
-1,150
-517
-633
-3,340
-2,761
-1,496
-552
-944
- 3 , 619
-2,648
-76
-1,228
-765
-254
-209
-50
-1,313
-827
-270
-216
-69
-1,233
-770
-276
-187
-63
-1,314
-790
-287
-237
-31
-1,322
-805
-257
-260
-48
-1,382
-897
-278
-207
-15,188
-5,466
-10,049
-30,254
-7,637
-15,468
187
248
115
-3,585
343
-16
324
-121
-104
437
-85
-43
195
-37
182
-65
1,412
3,275
-4,440
-1,142
-86
- 2 , 357
6
-78
415
-1,009
—1, 671
705
-43
-1,263
-1,998
722
13
-1,390
-2,161
750
21
-994
- 1 , 640
761
-115
-1,094
-1,856
807
-45
-1,000
-1,905
890
15
-14,366
- 4 , 856
-2,210
- 2 , 646
-999
-4,451
-4,386
-1,967
-2,419
-1,095
-8,774
-2,782
-134
-2,648
-475
-29,442
- 4 , 646
--296
-4,350
-918
-2,958
-5,755
-1,990
-3,765
- 1 , 056
-14,811
-7,025
-2,403
- 4 , 622
-639
-63
-2,178
237
61
-90
-129
- 1 , 769
12 - 2 , 7 1 9
13 715
5 -5,488
-311
13 -21,980
13 6,572
13 -7,147
-5,959
941
15,358
29,239
1,476
4,416
- 5 , 265
- 5 , 602
- 5 , 813
211
-136
-164
637
4,641
3,472
3,029
443
122
963
84
18,764
13, 307
13,422
-115
2,045
3,156
256
-9, 391
-8, 877
-8,872
-5
-164
-563
213
-9,515
-12, 643
-12,737
94
154
2,829
145
6,206
1,877
1,150
727
803
1,347
10, 717
2,280
1,567
713
-1,053
528
10,475
1,008
405
602
K 1,549
540
10,868
989
356
633
1 2,583
4
790
13,931
1,978
1,035
944
-239
893
28
470
-63
378
86
918
-245
68
12 -651
250
-654
1,865
7,958
7,556
3,947
901
7,950
517
-2,082
-2,716
1,328
1,301
-11,899
-5,707
-6,170
-6,935
-7,907
-2,113
-2,599
-3,426
-8,012
-1,994
-2,457
-3,227
248
-5,129
115
4,519
18,175
15, 618
13,021
12,904
117
723
1,456
418
2,557
1,130
843
287
881
453
187
14, 895
7,157
1,139
4,606
11,299
-6,369
1,001
477
-313
-6,115
1,737
1,220
415
-7,716
417
-68
-965
182
16,719
-3,585
-9,227
343
- 9 , 669
12,016
748
SURVEY OF CUKRENT BUSINESS
32
September 1979
Table 3.—U.S. Merchandise Trade
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1978
1978
1978
1979
II
III
IV
37,020
35,261
40,340
II
1979
II
III
IV
37,229
39,634
\r
Balance of payments adjustments to Census trade data:
EXPORTS
Merchandise exports, Census basis 1 including reexports and excluding military grant shipments
41,071
44,414
30,955
35,685
207
530
202
526
34
44
50
225
581
31
20
28
166
416
33
19
8
187
517
-971 -1,310 -1,210 -1,227
149
110
73
-247
-885
317
-803
-104
143,574
30,953
146
104
36
753
1,901
31
20
28
163
416
41,091
42,782 ,
Adjustments:
Private gift parcel remittances
Virgin Islands exports to foreign countries
Gold exports, nonmonetary
Inland U.S. freight to Canada
U.S.-Canadian reconciliation adjustments, n.e.c, n e t 2
Merchandise exports transferred under U.S. military agency
sales contracts identified in Census documents 3
Other adjustments, n e t 4
Of which quarterly allocation of annual seasonal adjustment
discrepancy 5
Equals: Merchandise exports, adjusted to balance of payments
basis, excluding "military" (table 1, line 2)
-4,718
85
202
517
184
438
209
194
530
438
-971 -1,310 -1,210 -1,227
91
166
128
-229
18
17
18
18
39,315
30,811
35,267 36,491
35
47
9
208
526
34
44
50
208
581
-885
317
-803
-104
41,348
42,792
141,884
30,789
36,599
34,495
40,001
41,322
44,441
172,026
40,551
43,200
43,145
45,130
45,387
50,119
41,366
42,471
43,497
44,708
46,311
49,315
2,779
843
906
195
473
211
733
292
667
145
621
236
715
353
906
195
473
211
733
292
667
145
621
236
715
353
-165
588
-42
289
-32
55
-42
27
-49
217
-35
-40
165
-42
285
-32
51
-42
23
-49
213
-35
330
-40
165
-4
-4
-4
-4
176,071
41,899
43,907
44,155
46,110
46,539
51,312
42,710
43,174
44,503
45,684
47,463
50,508
141,884
30,789
36,599
34,495
40,001
41,322
44,441
30,811
35,267
36,491
39,315
41,348
42,792
12,567
9,860
2,523
7,165
2,707
13,172
10,077
2,507
7,233
3,095
8,586
6,889
1,684
4,961
1,697
9,468
7,638
1,861
5,512
1,830
10,333
8,314
1,700
6,326
2,019
10,977
8,742
2,007
6,406
2,235
12,443
9,760
2,474
7,115
2,683
12,702
9,717
2,385
7,009
2,985
IMPORTS
Merchandise imports, Census basis J (general imports)
Adjustments:
Virgin Islands imports from foreign countries
Gold imports, nonmonetary
U.S.-Canadian reconciliation adjustments, n.e.c., n e t 2
Merchandise imports of U.S. military agencies identified in
Census documents 3
Other adjustments, n e t 6
Of which quarterly allocation of annual seasonal adjustment
discrepancy 5
Equals: Merchandise imports, adjusted to balance of payments
basis, excluding "military" (table 1, line 18)
Merchandise trade, by area, adjusted to balance of payments basis,
excluding military: 7
EXPORTS
Total, all countries (A-10)
Western Europe
European Communities (9)
United Kingdom
European Communities (6)
Western Europe, excluding EC (9)
Eastern 2Europe
Canada
Latin American Republics and other Western Hemisphere
Japan
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
39,364
31,583
7,252
23,205
7,781
6,969
1,715
5,009
1,719
9,826
7,928
1,951
5,702
1,898
9,362
7,514
1,551
5,707
1,848
11,488
9,172
2,035
6,787
2,316
4,082
31,058
22,031
988
6,842
4,640
1,475
8,427
5,495
890
7,149
5,617
729
8,640
6,279
963
8,649
6,003
1,426
9,463
6,851
917
7,034
4,911
1,389
7,649
5,443
1,043
7,901
5,737
733
8,474
5,940
6,341
1,338
8,587
6,780
12,960
4,210
28,179
2,626
865
6,140
3,065
1,057
7,254
3,340
1,040
7,097
3,929
1,248
4,219
1,177
7,744
4,108
1,336
8,085
2,572
865
6,264
3,118
1,057
6,921
3,449
1,040
7,262
3,821
1,248
7,732
4,140
1,177
7,918
4,179
1,336
7,700
-838
222
-274
390
Seasonal adjustment discrepancy (Bl less B2, 7-12) _
Memoranda:
Developed countries 7
OPEC 7
Other developing countries 7
IMPORTS
170
87,592
14,846
35,364
19,021
3,337
7,443
22,375
3,853
20,891 25,305
3,774 3,882
8,940 10,085
26,612
3,303
10,444
28,079
3,530
11,406
19,057
3,542
7,633
21,292
3,687
8,677
22,723
3,834
9,165
24,520
3,783
9,889
26,649
3,510
10,749
26,804
3,375
11,105
176,071
41,899
43,907
44,155
46,110
46,539
51,312
42,710
43,174
44,503
45,684
47,463
50,508
Western Europe
European Communities (9)
United Kingdom
European Communities (6)
Western Europe, excluding E C (9)
36,617
29,060
6,476
21,576
7,557
8,774
6,891
1,523
5,125
1,883
9,163
7,286
1,713
5,313
1,877
9,125
7,323
1,612
5,469
1,802
9,555
7,560
1,628
5,669
1,995
9,243
7,239
1,658
5,331
2,004
10,616
8,540
1,984
6,297
2,076
8,760
6,877
1,511
5,125
1,883
9,107
7,230
1,664
5,313
1,877
9,161
7,359
1,632
5,469
1,802
9,589
7,594
1,669
5,669
1,995
9,228
7,224
1,645
5,331
2,004
10,550
8,474
1,926
6,297
2,076
Eastern 2Europe
Canada
Latin American Republics and other Western Hemisphere
1,509
33,804
23,044
370
7,910
5,674
360
8,823
5,708
351
7,730
5,628
428
9,341
6,034
315
9,125
6,657
9,887
7,196
370
8,109
5,674
360
8,178
5,708
351
8,395
5,628
428
9,122
6,034
315
9,349
6,657
434
9,167
7,196
Japan
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
24,542
4,440
52,115
5,753
904
12,514
6,276
1,051
12,526
6,384
1,104
13,833
6,129
1,381
13,242
6,269
1,229
13,701
6,569
1,466
15,144
5,784
948
12,514
6,198
1,052
12,526
6,380
1,099
13,833
6,180
1,341
13,242
6,294
1,283
13,701
6,478
1,462
15,144
551
45
Total, all countries (A-18)
Seasonal adjustment discrepancy (B17 less B18, 23-28) _
Memoranda:
Developed countries 7
OPEC7_
Other developing countries 7
See footnotes on page 41.
99,403
33,289
41,118
23,341
8,503
9,500
25,313
7,822
10,234
24,343
8,489
10,689
26,406
8,475
10, 695
25,866
8,763
11,373
28,538
9,863
12,124
23,601 24,535
8,503 7,822
9,500 10,234
77
-252
25,035
8,489
10,689
26,232
8,475
10,695
26,154
8,763
11,373
27,657
9,863
12,124
SURVEY OF CURRENT BUSINESS
September 19TO
33
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Not seasonally adjusted
Line
1978
Seasonally adjusted
1978
II
1979
III
IV
II*
III
IV
Merchandise trade, by area, adjusted to balance of payments basis,
excluding military—Continued
BALANCE (EXCESS OF EXPORTS+)
-6,871 -11,899 -7,907 -8,012 -6,369 -6,115
-7,716
1,388
1,148
338
737
240
3,215
2,536
829
1,784
679
2,152
1,243
459
712
909
305
-648
-94
577
-460
-316
904
-580
-416
-34,187
-11,110 -7,308
-9,660
-6,109
-5,217
2,747
2,523
776
1,629
224
78
192
-116
-164
663
642
238
389
21
237
191
-61
238
46
1,933
1,612
407
1,118
321
3,324
2,621
865
1,834
703
2,556
1,537
523
936
1,019
-174
12
173
-164
-186
361
408
197
199
-47
1,172
955
68
857
217
2,573
- 2 , 746
-1,013
618
-1,068
-1,034
1,115
-396
-213
539
-581
-11
301
-701
245
648
-476
-654
992
-424
-345
547
-1,075
-763
1,029
-529
-265
692
-494
109
-11,582
-230
-23,936
3,127
-39
6,374
-3,211
6
-5,272
-3,044
-64
-6,736
-2,200
-133
-5,554
-2,050
-52
-5,957
-2,461
-130
-7,059
-3,212
-83
-6,250
-3,080
5
-5,605
177
-2, 931 -2,359
-93
-59
-6,571 -5,510
70
-11,811
-18,443
-5,754
-4,320
-5,166
-2,057
•2,938
-3,969
-1,338
-3,452
-4,715
-1,749
-1,101
-4,593
-610
746
-5,460
-929
-459
-6,333
-718
-4,544
-4,961
-1,867
-3,243
-4,135
-1,557
-2,312
-4,655
-1,524
141,884
29,930
111, 954
30,789
6,692
24,097
36,599
7,987
28,612
34,495
6,922
27,573
40,001
8,329
31,672
41,322
7,822
33,500
44,441
8,057
36,384
Foods, feeds, and beverages
Foods, feeds, and beverages—agricultural.
Grains
Soybeans
25,196
24,174
13,477
5,192
5,313
5,165
2,872
1,092
6,832
6,057
5,680
3,586
6,994
6,696
3,277
1,766
6,231
6,062
3,081
1,607
Industrial supplies and materials _
Agricultural
Nonagricultural
Fuels and lubricants
Petroleum and products 8___
39, 254
5,342
33,912
4,500
1,583
8,450
1,411
7,039
560
332
9,773
1,227
8,546
1,125
379
10,010
1,159
8,851
1,309
415
11,021
1,545
9,476
1,506
457
12,558
1,671
10,887
1,366
423
Capital goods, except automotive
. Machinery, except consumer-type
Civilian aircraft, complete—all types..
Other transportation equipment
46,499
38, 361
3,654
817
10,057
8,592
500
193
11,587
9,763
658
219
11,591
9,435
995
195
Automotive vehicles, parts, and engines.
To Canada 9
To all other areas
15, 336
10,130
5,206
3,461
2,308
1,153
4,226
2,864
1,363
3,334
2,100
1,233
4,315
2,858
1,457
4,391
2,909
1,482
4,713
3,134
1,579
3,475
2,332
1,217
3,852
2,525
1,312
3,860
2,525
1,292
Consumer goods (nonfood), except automotive
10,425
2,262
2,718
2,571
2,874
2,928
3,176
2,286
2,546
5,174
1,246
1,463
1,533
1,696
1,545
1,311
1,369
33
-331
Total, all countries
33
Western Europe
European Communities (9)
United Kingdom
European Communities (6)
Western Europe, excluding E C (9)
37
Eastern Europe
Canada 2
Latin American Republics and Other Western Hemisphere
Japan
_
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
Seasonal adjustment discrepancy (B13 less B29)
Memoranda:
Developed countries 7
OPEC 7
Other developing countries
7
-1,712
-4,692
-806
-2,154 -2,299
-106
-126
-5,783 -7,444
-1,088
495
-5,253
-624
-853
-6,488
-1,019
30,811 35,267 36,491 39,315 41,348
7,640
6,510 7,666 7,937 7,817
24,301 27,601 28,554 31,498 33,708
6,612 6,662 6,490 6,383
5,432
6,651
6,205 6,129
6,377 6,381
6,402 5,211
3,742 3,586 3,277 3,081
2,872
3,731
1,394 1,400 1,398
1,000
1,177
1,486
42,792
7,733
35,059
9,797 10, 224 11,009
1,533
1,251 1,373
8, 546 8,851
9,476
1,057 1,299
1,414
379
457
415
12, 297
1,411
10,887
1,718
423
14,026
1,557
12,469
1,501
461
13, 264 13, 518 14, 372 10, 207 11,058 12, 408 12,826
10,571 10, 775 11,692 8,652 9,353 9,779 10,577
1,501
1,222
561 1,274
1,477
1,337
597
210
210
195
193
219
255
245
13,811
10, 861
1,808
255
13,695
11,193
1,140
245
4,149
2,748
1,385
4,416
2,944
1,565
4,286
2,755
1,515
2,697
2,896
2,963
2,976
971
1,523
1,781
1,435
Merchandise trade, by principal end i use category, adjusted to balance of payments basis, excluding military.
EXPORTS
Total (A-10).
Agricultural products
Nonagricultural products
All other, including balance of payments adjustments, not included in lines C 4-20
22
3,742
1,548
13,984
1,515
12, 469
1,635
461
8,224
1,185
7,039
730
332
Seasonal adjustment discrepancy (Cl less C4, 8, 13, 17, 20 and 21).
6,420
6,144
3,731
1,061
-46
IMPORTS
Total (A-18).
Petroleum and products *
Nonpetroleum products..
176,071
42, 289
133, 782
41,899
10,618
31, 281
43,907
9,991
33,916
44,155
10,873
33,282
46,110
10,807
35,303
3,587
4,092
Foods, feeds, and beverages
3,864
3,853
84,987
45, 669
20, 797
11, 380
21,077
10,953
Capital goods, except automotive
Machinery, except consumer-type_
Civilian aircraft, engines, parts
19,214
17,992
947
4,201
4,023
141
21,517 21,596
11,688 11,648
4,862 4,955 5,196
4,504 4,632 4,833
253
274
279
Automotive vehicles, parts, and engines.
From Canada
From all other areas
24,314
10,357
13,957
5,826
2,410
3,416
6,427
2,836
3,591
5,450
2,119
3,331
6,611
2,992
3,619
Consumer goods (nonfood), except automotive
All other, including balance of payments adjustments, not included in lines C 26-35
37
15,396
Industrial supplies and materials.
Fuels and lubricants
28,945
6,303
7,033
7,925
46,539
11,638
34,901
51,312
12,905
38,407
4,063
4,471
7,684
Seasonal adjustment discrepancy (C23 less C26, 27, 29, 32, 35 and
36)
See footnotes on page 41.
3,215
655
721
931
22, 575 25,530
12,510 13,924
42,710 43,174 44,503 45,684
10,618 9,991 10,873 10,807
32,092 33,183 33, 630 34,877
47,463
11,638
35,825
50,508
12,905
37,603
3,587
4,092
4,063
4,471
20, 917 20, 787 21,664
11, 380 10,953 11,688
21,619
11,648
22,695
12,510
25,189
13,924
3,864
3,853
5,602
5,154
346
6,231
5,776
345
4,201
4,023
141
4,862
4,504
274
4,955
4,632
253
5,196
4,833
279
5,602
5,154
346
6,231
5,776
345
6,494
2,890
3,604
6,902
2,485
4,417
5,589
2,350
3,200
5,945
2,553
3,434
6,172
2,560
3,582
6,608
2,894
3,741
6,238
2,814
3,387
6,397
2,235
4,235
7,122
7,492
7,633
7,243
7,402
655
721
931
977
855
7,323
977
855
533
-50
-8
-395
-37
SURVEY OF CURRENT BUSINESS
34
September 1979
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Not seasonally adjusted
Line
1978
1978
1979
II
D
Merchandise exports, Census basis, including military grant shipments (A-l)
III
IV
1978
1979
III
II v
IV
Merchandise trade, by end-use category, Census basis, 1 including
military grant shipments:
1
Seasonally adjusted
10
11
12
13
14
15
1G
17
18
19
20
23
24
25
26
28
20
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
49
Foods, feeds, and beverages
Grains and preparations
Soybeans
Other foods, feeds, and beverages
Industrial supplies and 10
materials
Fuels and lubricants
Paper and paper base stocks
Textile supplies and materials
Raw cotton, including linters
Tobacco, unmanufactured
Chemicals, excluding medicinals
Other nonmetals (hides, tallow, minerals, wood, rubber, tires,
etc.)
Steelmaking materials
Iron and steel products
Other metals, primary and advanced, including advanced
steel
Precious metals (gold, silver, platinum)
Capital goods, except automotive
Machinery, except consumer-type
Electrical and electronic, including parts and attachments.
Nonelectrical, including parts and attachments
Construction machinery and nonfarm tractors
Textile and other specialized industry machinery
Other industrial machinery, n.e.c
Agricultural machinery and farm tractors
Business and office machines, computers, etc
Electronic computers and parts
Scientific, professional, and service industry equipment..
Civilian aircraft, engines, parts
Civilian aircraft, complete, all types
Other transportation equipment
Seasonal adjustment
discrepancy
(Dl less D5,9,21,35,
30,965
37,051
35,281
40,363
41,081
44,452
30,967
35,716
37,249
39,656
41,100
42,820
6,638
24,327
24,315
7,997
29,054
29,023
6,872
28,409
28,389
8,292
32,071
32,048
7,749
33,332
33,323
8,054
36,398
36,360
7,676
6,456
24, 511 28,040
24,499 28,009
7,887
29,362
29,342
7,780
31,876
31,853
7,567
33,533
33,524
7,731
35,09O
35,052
25,049
13,464
5,208
6,377
5,250
2,852
1,089
1,310
6,834
3,764
1,564
1,506
6,007
3,587
773
1,647
6,958
3,261
1,782
1,914
6,164
3,062
1,594
1,508
6,650
3, 765
1,180
1, 705
5,371
2,852
997
1,398
6,613
3,764
1,411
1,505
6,613
3,587
1,386
1,745
6,452
3,261
1,414
1,729
6,316
3,062
1,473
1,606
6,419
3, 765
1,064
1,698
38,958
4,499
2,628
3,999
1,754
1,358
10,362
8,370
560
618
972
511
332
2,343
9,701
1,124
691
1,036
485
194
2,581
9,943
1,309
643
958
404
276
2,698
10,944
1,506
676
1,033
354
556
2,740
12,455
1,359
695
1,295
560
297
3,155
13,853
1,635
842
1,391
574
239
3,470
8,144
730
618
875
427
279
2,343
9,726
1,055
691
947
422
283
2,581
10,156
1,299
643
1,050
466
364
2,698
10,932
1,415
676
1,127
439
432
2,740
12,195
1,711
695
1,177
473
242
3,155
13,895
1,501
842
1,285
501
344
3,470
8,444
1,955
2,193
1,996
2,300
2,725
2,846
1,902
2,092
2,087
2,363
2,656
2,718
845
2,028
111
448
1,029
309
209
520
246
500
279
560
285
565
340
627
2,462
1,182
142
448
1,029
309
181
520
223
500
299
560
365
565
2,081
293
627
4,794
1,356
45,951
37,875
8,110
29, 765
6,420
2,426
10,464
1,755
5,241
4,199
3,460
1,155
1,316
1,294
2,081
335
303
409
987
9, 908 11,441 11,475 13,127 13, 364 14, 207 10, 061 10, 909 12, 293 12, 688 13, 658
9, 221 9, 675 10,455 10, 726
8,524
8,467
9, 630 9, 330 10, 448 10, 640 11,544
2,214
2, 099 2,045
2 221
1,822
2,221
2, 475 1,822
2,029
2,045
2,214
7,651
8,143
8 ' 496
,
6,645
8, 419 9, 069 6, 698 7,273
7,601
7,285
8,234
1,530
1,511
1, 599 1,780
1,844
1,476
2,037
1, 594 1,541
1,800
1,809
549
630
703
589
658
680
782
533
608
599
686
2, 963
2, 676 2,797
2,362
2, 954 3, 092 2, 368 2,623
2,714
2,547
2,841
378
455
478
447
464
375
391
393
539
423
402
1,570
1,336
1,534
1,267
1,104
1,570
1, 592 1,104
1,267
1,534
1,336
1,255
1, 079 1,243
993
884
1, 255 1,280
884
993
1,079
1,243
1,007
904
836
953
1,100
1,022
780
942
767
858
1,155
303
1,316
409
1,294
335
2,462
1,182
13,530
11,045
2,475
8,677
1,956
755
2,985
387
1, 592
1,280
1,048
7,283
3,616
793
1,950
984
195
2,469
1,487
210
2,470
1,459
255
2,418
1,320
245
1,349
592
174
1,461
553
214
2, 297
1, 263
195
2,176
1,208
210
1,790
255
2,218
1,123
245
3,282
2,129
1,153
837
600
1,846
3, 961
2, 599
1,363
1,054
756
2,152
3,150
1, 916
1,233
739
647
1,763
4,067
2,610
1,457
1,061
767
2,238
4,161
2, 679
1,482
1,094
792
2,275
4,453
2,875
1, 579
1,345
912
2,196
3, 295
2,153
1,217
857
638
1,787
3,588
2,259
1,312
924
687
1, 971
3,677
2,341
1, 293
964
655
2,030
3, 900
2,501
1,384
946
790
2,211
4,186
2,714
1,565
1,123
844
2,207
4,026
2,496
1,515
1,178
828
2,011
999
1,115
114
1,250
1,317
121
2,528
1, 091
1, 303
133
2,829
1,262
1,418
149
1,232
1,465
185
3,134
1,375
1,583
175
2,251
1,008
1,115
108
2,516
1,157
1, 317
109
2,654
1,173
1,303
150
2,851
1,264
1,418
150
2,917
1,243
1,465
177
2,934
1,272
1, 583
158
4,489
936
1,243
1,123
1,187
819
759
936
1,243
1,123
1,187
819
759
4,480
1, 974
2,506
and46).
1,597
650
214
10, 272
4,602
5,153
517
41,45
1,267
495
174
14,460
9, 254
5,206
3, 691
2,770
7,999
Automotive vehicles, parts and engines
To Canada »
To all other areas
Passenger cars, new and used
Trucks, buses, and special vehicles
Bodies, engines, parts and accessories, n.e.c
Consumer goods (nonfood), except automotive
Consumer durables, manufactured
Consumer nondurables, manufactured
Unmanufactured consumer goods (gem stones).
Special category (military-type goods)
Exports, n.e.c, and reexports
Domestic (low-value, miscellaneous)
Foreign (reexports)
See footnotes on page 41.
143,660
29,799
113,861
113,775
Agricultural products
Nonagricultural products
Excluding military grant shipments
993
422
571
1,181
511
670
1,056
490
566
1,250
551
699
1,235
516
719
1, 397
603
794
1,055
429
598
-146
1,103
511
604
1,085
490
598
1,237
551
706
1,312
516
1,303
603
717
-352
-303
-40
September 1979
SURVEY OF CUEEENT BUSINESS
35
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
III
Merchandise imports, Census basis, (A-ll)
Foods, feeds, and beverages
Coffee, cocoa, and sugar
Green coffee
.
Cane sugar
Other foods, feeds, and beverages
Industrial supplies andl0
materials
Fuels and lubricants
__.
Petroleum and products 8_--__
Paper and paper base stocks---.
Materials associated with nondurable goods and farm output,
n.e.s
Textile supplies and materials
Tobacco, unmanfactured
Chemicals, excluding medicinal.
Other (hides, copra, materials for making photos, drugs,
dyes).
Building materials, except metals
Materials associated with durable goods output, n.e.s.
Steelmaking materials
I
Iron and steel products
Other metals, primary and advanced, including advanced
steel
Precious metals (gold, silver, platinum)..
Nonmetals (oils, gums, resins, minerals, rubber, tires, etc.) _ _
_
Capital goods, except automotive
Machinery, except consumer-type
Electrical and electronic, and parts and attachments
Nonelectrical, and parts and attachments
Construction, textile and other specialized industry machinery and nonfarm tractors
Other industrial machinery, n.e.s
Agricultural machinery and farm tractors
Business and office machines, computers, etc
Scientific, professional and service industry equipment.._
Transportation equipment, except automotive
Civilian aircraft, engines, parts
Civilian aircraft, complete, all types
Automotive vehicles, parts, and engines
From Canada
From all other areas
Passenger cars, new and used
Trucks, buses, and special vehicles
Bodies, engines, parts and accessories, n.e.s
Consumer goods (nonfood), except automotive
Consumer durables, manufactured
Consumer nondurables, manufactured
Unmanufactured consumer goods (gems, nursery stock)
Imports, n.e.s. (low value, goods returned, military aircraft,
movies, exhibits)
Seasonal adjustment discrepancy (D50 less D51, 56, 72, 84, 90, and
94)
See footnotes on page 41.
1979
1978
1979
1978
1978
III
IV
IV
172,026
40,551
43,200
43.145
45,130
45,387
50,119
41,366
42,471
43,497
44,708
46,311
49,315
15,396
5,118
3,728
723
10,279
3,864
1,535
1,179
128
2,329
3,853
1,178
887
144
2,675
3,587
1,089
709
267
2,499
4,092
1,316
953
184
2,776
4,063
1,247
834
167
2,816
4,471
1,311
894
301
3,160
3,864
1,535
1,179
171
2,329
3,853
1,178
887
138
2,675
3,587
1,089
709
211
2,499
4.092
1,316
953
203
2,776
4,063
1,247
834
222
2,816
4,471
1,311
894
286
3,160
80,953
42,915
39,535
3,996
19,543
10,489
9,727
930
20,279
10,476
9,514
1,030
20,428
10,961
10.146
995
20,703
10,989
10,148
1,041
21,575
11,900
11,028
1,134
24,305
13,178
12,187
1,195
19,660
10,489
9,727
948
19,985
10,476
9,514
20,580
10,961
10,146
1,008
20,728
10,989
10,148
1,052
21,695
11,900
11,028
1,158
23,964
13,712
12,187
1,145
8,165
1,951
400
3,766
2,043
489
105
916
2,170
509
134
1,005
1,978
498
56
940
1,974
455
105
905
2,169
462
155
941
2,450
486
123
1,223
1,944
489
77
894
2,115
509
109
945
2,086
498
89
978
2,020
455
125
949
2,064
462
116
919
485
101
1,149
2,049
4,387
534
936
523
1,133
484
1,184
508
1,134
610
1,090
618
1,338
534
1,002
523
1,058
484
1,131
508
1,196
611
1,163
618
1,253
21,491
1,848
7,590
5,142
346
1,839
5,472
374
1,800
5,309
578
1,947
5,568
550
2,004
5,283
362
1,682
6,143
619
1,880
5,349
482
1,837
5,285
352
1,863
5,356
492
1,983
5,501
522
1,907
5,489
504
1,680
5,928
587
1,942
8,509
1,814
3,544
2,151
456
2,352
440
945
1,893
386
893
2,113
532
2,191
511
1,047
2,507
640
1,138
2,151
456
2,352
440
945
1,893
386
893
2,113
532
2,191
511
1,047
2,507
640
1,138
19,181
17,992
5,860
12,133
4,237
4,023
1,226
2,798
4,814
4,504
1,436
3,068
4,934
4,632
1,544
5,196
4,833
1,654
3,179
5,602
5,154
1,700
3,454
6,231
5,776
1,917
3,859
4,237
4,023
1,226
2,798
4,814
4,504
1,436
3,068
4,934
4,632
1,544
5,196
4,833
1,654
3,179
5,602
5,154
1,700
3,454
6,231
5,776
1,917
3,859
2,403
4,275
1,367
2,143
1,945
547
994
325
482
450
623
1,066
382
517
482
646
1,090
316
539
496
587
1,125
344
605
517
611
1,268
463
589
524
706
1,422
546
625
561
547
994
309
482
450
623
1,066
325
517
478
646
1,090
360
539
504
587
1,125
373
605
513
611
1,268
442
589
524
706
1,422
467
625
563
1,189
213
311
302
363
448
455
213
311
302
363
448
455
274
253
51
279
58
346
120
346
80
176
36
274
231
176
36
253
51
279
58
346
120
346
80
24,314
10,357
13,957
13,674
3,709
6,931
5,826
2,410
3,416
3,375
878
1,573
6,427
3,591
3,653
994
1,779
5,450
2,119
3,331
3,007
799
1,645
6,611
2,992
3,619
3,639
1,038
1,934
6,494
2,890
3,604
3,615
1,002
1,877
6,902
2,485
4,417
4,053
1,022
1,827
5,592
2,349
3,201
3,161
834
1,603
5,946
2,553
3,433
3,282
917
1,722
6,169
2,560
3,581
3,534
931
1,708
6,607
2,895
3,742
3,697
1,027
1,898
6,238
2,814
3,387
3,401
950
1,911
6,397
2,235
4,235
3,658
943
1,765
28,945
15,330
11,249
2,367
3,285
2,447
572
7,033
3,684
2,751
597
7,925
4,061
3,237
627
7,684
4,300
2,814
571
6,828
3,493
2,771
565
7,323
3,902
2,867
554
3,545
2,599
572
7,119
3,741
2,864
597
7,495
3,955
2,921
627
7,635
4,089
2,865
571
7,243
3,765
2,941
565
7,402
3,955
2,977
554
3,235
79
7
820
843
825
887
779
793
820
843
825
887
538
-37
September 1979
SURVEY OF CURRENT BUSINESS
36
Table 4.—Selected U.S. Government Transactions
[Millions of dollars]
1979
1978
Line
1978
IV
III
U.S. Government grants (excluding military) and transactions increasing Government assets, total _
10,746
2,479
2,812
2,911
2,545
2,706
2,786
Grants, net (table 1, line 34, with sign reversed) _
Financing military purchases i
O ther grants
_
_
3,152
500
2,652
765
179
586
827
115
712
770
177
593
790
29
761
805
51
754
897
206
691
Loans and other long-term assets (table 1, line 44, with sign reversed)
Capital subscriptions and contributions to internationalfinancialinstitutions, excluding IMF.
Credits repayable in U.S. dollars
Credits repayable in foreign currencies
_
_
Other long-term assets
_
Al
7,470
867
6,573
26
5
1,671
292
1,371
1,998
142
1,846
7
3
2,161
192
1,961
1,640
241
1,395
4
1
1,856
163
1,693
1
1,905
146
1,754
5
124
-91
43
-21
-13
-44
-21
-14
115
-12
45
-29
—15
-7
By category
Foreign currency holdings and short-term assets, net (table 1, line 46, with sign reversed) _
Foreign currency holdings (excluding administrative cash holdings), net
Receipts from—
Sales of agricultural commodities
Interest.
Repayments of principal
Reverse grants
_
Other sources
Less disbursements for—
Grants and credits in the recipient's currency
Other grants and credits
_
Other U.S. Government expenditures
Assets held under Commodity Credit Corporation Charter Act, net
Assets financing military sales contracts, net 2_ _
_.
Other short-term assets (including changes in administrative cash holdings), net
(*)
(*)
75
137
17
(*)
17
35
C)
(*)
(*)
(*)
19
34
17
43
(*)
(*)
(*)
306
170
62
38
102
13
-76
46
-19
867
1,227
5,619
1,237
1,666
231
306
206
292
229
1,399
268
252
55
74
59
142
348
1,509
354
462
67
102
32
8,355
' 4,081
r 1, 218
1,575
1,075
2,013
925
347
493
314
2,093
1,056
315
349
234
500
247
1,668
179
40
306
24
74
15
"-46
192
376
1,411
336
616
55
241
274
1,300
281
335
54
64
124
163
244
1,510
309
433
67
94
74
146
354
1,572
400
322
60
62
-4
' 1,139
'250
430
253
1,789
'961
-•306
304
274
1,902
1,063
250
197
146
2,280
1,198
313
470
264
177
87
634
29
60
255
115
60
473
129
306
123
58
102
By program
Capital subscriptions and contributions to international financial institutions, excluding IMF.
Under farm product disposal programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Other assistance programs
Other foreign currency assets acquired (lines A13, A14, and A16)
Less foreign currencies used by U.S. Government other than for grants or credits (line A19)
Other (including changes in administrative cash holdings), net
By disposition 3
31
32
33
34
35
36
37
38
39
40
41
42
43
Bl
7
Cl
Estimated transactions involving no direct dollar outflow from the United States
Expenditures on U.S. merchandise
Expenditures on U.S. services 4
Financing of military sales contracts by U.S. Government5 (line C6)
By long-term credits
By short-term credits L
By grants^
grants
S Government grants and credits to repay prior U.S. Government credits * *
U.S. G
U.S. Government long-and short-term credits to repay prior U.S. private credits
Increase in liabilities associated with U.S. Government grants and transactions increasing Government
assets (including changes in retained accounts) 6 (line Cll)
Less receipts on short-term U.S. Government assets (a)financingmilitary sales contracts i and (b) financing repayments of private credits
Less foreign currencies used by U.S. Government other than for grants or credits (line A19)
Estimated dollar payments to foreign countries and internationalfinancialinstitutions
Repayments on U.S. Government long-term assets, total (table 1, line 45)
Receipts of principal on U.S. Government credits
Under farm product disposal programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Other assistance programs
Receipts on other long-term assets
U.S. Government liabilities other than securities, total, net increase (+) (table 1, line 61)
Associated with military sales contracts2
U.S. Government cash receipts from foreign governments (including principal repayments on credits
financing military sales contracts), net of refunds x
Less U.S. Government receipts from principal repayments
Less U.S. Treasury securities issued in connection with prepayments for military purchases in the
United States..
Plusfinancingof military sales contracts by U. S. Government5 (line A34)
By long-term credits 1
By short-term credits
By grants '
Less transfers of goods and services (including transfersfinancedby grants to Israel, and by credits) ! 2
(table 1, line 3)
.
(*)
113
94
33
64
68
62
2,391
466
719
451
756
804
507
2,938
643
785
707
803
745
952
2,904
218
905
1,083
698
639
48
231
264
95
778
36
242
299
201
685
47
183
241
214
803
88
249
279
187
741
57
225
321
138
927
40
277
339
272
34
4
7
22
1
4
25
2,754
723
-136
122
2,045
-164
154
1,756
727
-155
109
1,075
-199
186
8,441
517
2,299
141
1,617
131
L,898
99
2,627
146
1,680
122
1,756
134
1,575
1,075
493
314
349
234
430
253
304
274
197
146
470
264
500
179
115
177
29
51
206
7,744
1,924
1,990
2,120
1,709
!,036
1,906
(*)
(*)
(*)
Associated with other liabilities
Sales of nuclear materials by Department of Energy .
Other sales and miscellaneous operations
997
1,029
-32
(*)
(*)
Associated with U.S. Government grants and transactions increasing Government assets (including
changes in retained accounts) 6 (line A40)
See footnotes on page 41.
206
67
362
-5
10
-15
19
23
-4
12
-16
-1
971
1,012
-41
(*)
34
-26
60
(*)
-31
33
-64
SURVEY OF CURRENT BUSINESS
September 1979
37
Table 5.—Direct Investment: Income and Capital
[Millions of dollars]
1979
1978
(Credits +; debits - )
Line
1978
II
III
IV
I"
UP
U.S. direct investment abroad:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Income (table 1, line 11)
25,656
Equity and intercompany accounts (table 1, line 49)..
Incorporated affiliates.
Equity
Increase ]2.
Decrease
_
Intercompany accounts
Short-term . .
Long-term
Unincorporated affiliates
Reinvested earnings of incorporated affiliates (table 1, line 50)
5,444
8,134
7,857
8,883
3,645
206
2 110
1 330
2,532
2,851
242
1 362
1 247
2,593
4,007
248
2 080
1 680
4,127
3,823
268
1 780
1 775
4,034
4,068
4,815
-5,022
4,499
2,727
-4,422
-6,024
-7,218
-4,606
-2,351
-658
-3,689
3,031
-1,693
-1,087
-606
—2 255
-12,063
_
6,178
3,089
176
1 400
1 513
2,812
-16,670
Capital (outflow (—'0 (table 1, line 48)
5,901
13,593
872
6 951
5 769
12,063
Interest, dividends, and earnings of unincorporated affiliates (table 1, line 12) _.
Interest
Dividends .
Earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates (table 1, line 13) -
-2,210
-772
-710
-872
163
-62
-178
115
— 1 438
-2,812
-1,967
-727
-574
-763
189
-153
-322
169
— 1,240
-2,532
-134
2
2
-760
762
-1
131
-132
—136
-2,593
-296
-854
623
-1,294
1,917
-1,477
-718
-759
558
-4,127
-1,990
-1,024
-349
-662
313
-675
-872
197
—966
-4,034
-2,403
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,815
By industry of affiliate:3
18
19
20
Income (line 1):
Petroleum
M anufacturing
Other
21
22
10", 810
9,000
1,578
2,420
1,903
1,375
2,640
2,162
1,046
2,254
2,143
1,847
3,496
2,792
2,516
3,066
2,275
n.a.
n.a.
n.a.
23
Interest, dividends, and earnings of unincorporated affiliates (line 2):
Petroleum
Manufacturing
Other
4,373
4,412
4 807
1,144
834
1 111
1,068
1,394
1 182
956
821
1 074
1,205
1,363
1,440
1,368
1,136
1,318
n.a.
n.a.
n.a.
24
25
26
Reinvested earnings of incorporated affiliates (line 6, or line 17 with sign reversed):
Petroleum
Manufacturing
Other
1 473
6,398
4 193
43S
1,586
792
307
1,246
980
91
1,433
1 069
642
2,132
1,352
1 148
1,929
957
n.a.
n.a.
n.a.
27
28
29
Equity and intercompany accounts (outflow (—)) (line 8):
Petroleum.
Manufacturing
Other. .
317
-1,533
—3 390
—874
-538
—799
— 1 273
-54
640
1,243
-1,076
301
1,220
134
-1,650
-454
-1,013
-523
-1,581
n.a.
n.a.
-1,193
-1,157
5,846
Foreign direct investment in the United States:
30
31
32
33
34
35
30
37
38
39
40
41
42
43
44
45
40
Income (table 1, line 27)
.
-3,958
-
Interest, dividends, and earnings of unincorporated affiliates (table 1, line 28)
Interest
Dividends
Earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates (table 1, line 29)
Capital (inflow (+)) (table 1, line 05).
Equity and intercompany accounts (table 1 line 06)
Incorporated affiliates
Equity
Increase 12
Decrease
Intercompany accounts
Short-term
Long-term
Unincorporated affiliatesReinvested earnings of incorporated affiliates (table 1, line 07)
...
-605
-1,004
-1,150
-1,4%
-1,628
—261
—778
-589
- 2 , 329
-317
—53
—211
-53
—287
-460
—55
— 167
-244
-727
-444
—62
— 170
-205
-713
-402
—91
-224
-87
-602
-517
-83
-241
-194
-633
—552
-90
-209
-248
-944
0,294
1,130
1,877
2,280
1,008
989
1,978
3, 904
3,095
2,014
2 219
—205
1,081
445
1 230
270
2,329
843
885
448
459
— 10
436
318
118
—42
287
1,150
1,032
788
840
—51
244
—90
334
118
727
1,507
1,458
323
390
—73
1,135
331
804
108
713
405
320
454
525
—71
-134
— 114
-20
86
002
356
228
193
205
-12
35
—354
389
128
033
1,035
— 1 297
-972
-1,088
300
-92
-207
—288
-282
-623
— 347
-274
-535
—350
-323
-324
—397
-330
-417
-473
-301
-062
—294
-477
-857
01
-141
-110
— 07
-88
-310
—70
-110
-203
—90
-138
-108
—80
-137
-294
-107
-112
-333
-1,004
-495
-831
-245
49
-91
-220
-194
-312
-278
-104
-271
-201
-180
-150
-311
-199
-123
-360
-249
-329
308
1,762
1,894
00
383
399
73
830
241
131
507
868
44
-24
386
113
256
-13
05
343
627
951
417
495
535
400
134
84
944
By industry of affiliate: 3
47
48
49
Income (line 30):
Petroleum
M anufacturing
Other. -
50
51
52
Interest, dividends, and earnings of unincorporated affiliates (line 31):
Petroleum
Manufacturing
Other
53
54
55
Reinvested earnings of incorporated affiliates (line 35, or line 40 with sign reversed):
Petroleum
.
Manufacturing
Other
50
57
58
Equity and intercompany accounts (inflow (+)) (line 37):
Petroleum.^
Manufacturing
Other
See footnotes on page 41.
.
SURVEY OF CURRENT BUSINESS
38
September 1979
Table 6.—Securities Transactions
[Millions of dollars]
1978
(Credits (+); debits (-))
Line
1979
1978
IV
III
Al
Foreign securities, net U.S. purchases (—), balance of payments basis (table 1, line 51, or lines 6+17 below) _
-3,487
-999
-1095
-475
-918
-1,056
-639
Stocks:
Treasury basis, net '
Adjustments:
Less recorded in table 1, line 48 as U.S. direct investment abroad
Plus exchange of stock associated with direct investment in the United States
Plus other adjustments
70
Balance of payments basis, net_.
526
Newly issued in the United States..
OfvMch Canada
337
-63
374
-20
-15
330
-15
-36
-36
-102
Other foreign stocks..
Western Europe
Canada
Japan
Other
132
330
239
-62
159
-6
-16
-50
-40
106
13
-53
134
12
10
56
-49
36
-33
182
29
101
45
7
-2
39
-55
61
-13
-13
61
31
-22
63
-11
Bonds:
Treasury basis, netl
Adjustments:
Plus additional Canadian redemptions 2
Plus other adjustments
'_
31
32
33
34
35
Bl
-1,329
-1,165
Balance of payments basis, net
Newly issued in the United States..
By type: Privately placed
Publicly offered
By area: Western Europe
Canada
Japan
Latin America
Other countries
International financial institutions 3
27
28
29
30
-4,013
-4,013
- 1 , 329
-1,165
-469
-1,050
-1,041
-700
-5,952
-1,896
-4,056
-1,093
-753
-340
-2,275
-409
-1,866
-943
-433
-510
- 1 , 641
-301
- 1 , 340
-1,490
-321
-1,169
-824
-159
-665
-1,712
-3,479
-98
-172
-491
-325
-659
-630
-1,331
-464
-367
-50
-596
-525
-220
-45
-64
-50
-264
-62
-293
-1,122
-48
-77
-101
-124
-74
-3
-77
1,092
380
190
522
263
115
62
365
90
65
210
199
80
17
102
265
95
46
124
283
80
72
131
226
105
75
46
847
839
1
12
-5
-500
285
39
-710
-114
745
305
24
231
185
276
235
-12
205
-152
326
14
-50
287
75
166
-50
-34
-52
302
-102
-186
11
-128
201
2,867
453
1,347
528
540
790
2,408
670
1,297
16
425
684
-1,050
-700
-80
Redemptions of U.S.-held foreign bonds 2
Canada
Other countries
Internationalfinancialinstitutions 3
Other transactions in outstanding bonds 2_.
Western Europe
Canada
Japan..
Other..
U.S. securities, excluding Treasury issues and transactions by foreign official agencies, net foreign purchases
(+), balance of payments basis (table 1, line 69, or lines 5+12 below)
Stocks:
Treasury basis, net1
Adjustments:
Plus exchange of stock associated with U.S. direct investment abroad
Plus other adjustments 4
Balance of payments basis, net
Western Europe
Canada
Japan
Other
Bonds:
'
'_'__.
Treasury basis, net.
Adjustments
i 5
Balance of payments basis, net
New issues sold abroad by U.S. corporations 5
Investments by international financial institutions 3 in nonguaranteed bonds of U.S. federally
sponsored agencies
Other transactions in U.S. bonds
Of which United Kingdom.
See footnotes on page 41.
-329
-1,0
902
74
73
260
2,445
-262
-m
341
389
965
806
-26
45
140
279
780
-26
-199
83
16
74
29
-94
65
10
48
871
515
422
167
58
118
79
352
-78
274
146
111
37
-20
-65
433
190
382
555
499
510
22
368
443
619
538
313
429
-17
169
61
-5
257
231
-234
159
7
74
297
47
-887
1,558
-316
-168
111
65
-5
125
164
September 1979
SURVEY OF CURRENT BUSINESS
39
Table 7.—Claims and Liabilities on Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns
[Millions of dollars]
1978
Line
Al
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Bl
2
3
4
5
6
8
9
10
11
12
13
14
15
16
17
18
(Credits (+); increase in U.S. liabilities or decrease in U.S. assets. Debits (—); decrease in U.S.
liabilities or increase in U.S. assets.)
_
_ _
Financial claims
Denominated in U.S. dollars
Denominated in foreign currencies
By area: Industrial countries 3
_
Of which United Kingdom
Canada _
Caribbean banking centers 4
Other
By type: Deposits
Other claims.__
_
_
_
-29
61
-90
-2,719
4
- 2 , 723
n.a.
n.a.
n.a.
29,860
5,547
24,312
n.a.
na
n.a.
n.a.
n.a.
na
n.a.
n.a.
n.a.
na
19,098
16 660
2,438
10,679
4,409
5 130
6,519
1,900
13,990
5,108
n a
na
na
n.a.
n.a.
11 a
n.a.
n.a.
-651
-425
-226
n.a.
n.a.
n.a.
13,758
3,618
10,140
n a.
n.a.
n.a.
n a.
n.a.
n.a.
n.a.
5,627
3,808
1,819
4,569
2,074
539
519
-350
—191
—159
-152
-307
109
-498
148
315
78
237
-1,898
-129
- 1 , 769
—301
—178
-123
—297
-220
-5
1
-2,241
-63
-2,178
I
—3 438
184
-853
-559
—676
- 2 , 452
51
-3,254
-3,853
-53
III
II
IV
535
563
-28
211
45
279
639
-104
_
I
-3,800
n.a.
na
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
8,132
7,511
__ _ _
_
_
_
_ _ _
Commercial claims
__ _
Denominated in U.S. dollars. _
Denominated in foreign currencies
By area* Industrial countries 3 5
Oil-exporting countries
Other
By type: Trade receivables.
Other claims
.
....
_ _
.
_
_ _
1,640
-194
1,834
498
28
470
315
-63
378
1,004
86
918
-177
-245
68
Financial liabilities
_ _
__
____
_ _ _
Commercial liabilities
Denominated in U.S dollars
Denominated in foreign currencies
By area: Industrial countries 3 5 _
_
Oil-exporting countries
Other
By type: Trade payables.
__
Other liabilities
_
__ __
II
_ _
„
Denominated in U.S. dollars _ _
Denominated to foreign currencies
B y area* I n d u s t r i a l countries 3
Of which U n i t e d K i n g d o m
Caribbean banking centers4
Other
Amounts
outstanding
March
31, 1979
-3,254
Claims, total
- Long-term 2 (table 1, line 52)
Short-term 2 (table 1, line 53)
Liabilities, total 6 2
Long-term (table 1, line 70)
Short-term 2 (table 1, line 71)
1979
1978
_
_
_ _
10, 762
10,376
386
5,858
1,281
3,623
10,008
754
621
3,864
1,947
2,321
3,431
4,701
See footnotes on page 41.
Table 8.—Claims on Foreigners Reported by U.S. Banks 1
[Millions of dollars]
(Credits (+); decrease in U.S. assets. Debits (—); increase in U.S. assets.)
1978
I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Total . . .
. .
..
Long-term 22 (table 1, line 54) . . . . . .
... _______
Short-term (table 1, line 55)
By area:
Industrial countries 3 _
Of which United Kingdom
Caribbean banking centers 4
. _ _ _ _ _ _ __
Oil-exporting countries 5_ .___
_ . .
_.
Other
._
_ _
Of which Latin American countries
Asian countries.. _ ______
African countries
By type:
Payable in dollars
Banks'claims for own account
...
On own foreign offices
Of U.S.-owned banks
Of foreign-owned banks in the United States
On foreign public borrowers 7
On other foreign banks ._
______
Of which deposits.
On other foreigners
Banks' claims for domestic customers' accounts _
Deposits
Negotiable and readily transferable instruments
_
Collections outstanding and other claims
Payable in foreign currencies
Banks' claims for own account
Of which deposits.
Banks' claims for domestic customers' accounts _
Of which deposits
Memoranda:
Claims on foreign public borrowers (incl. in line 17 above):
Long-term 22
Short-term _ _
Claims on all other foreigners (incl. in lines 18+20 above):
Long-term 22
Short-term
U.S. banks' dollar acceptances payable by foreigners
See footnotes on page 41.
-33,023
n.a.
Ill
II
—19 029
- 3 , 488
-2,177
-1,869
—5 905
- 3 , 641
—2 069
—199
3 658
2,101
2,997
1,026
— 1 109
-291
—911
86
—4 213
- 4 , 205
134
102
—3,170
-1,889
-1,023
-90
54, 335
16,145
27,749
na
n.a.
—5 484
—5, 542
— 1 495
2,637
—4 132
— 1 705
— 1 396
671
-946
58
-80
-30
168
-4
—367
—316
363
160
—21 484
— 19,505
—5 877
—4, 794
— 1 083
— 1 994
—8 840
— 1 044
--2 794
— 1,979
—473
-1,037
-469
-496
—575
-334
79
23
5 755
6,294
4 286
6,074
— 1,788
—679
2,992
—676
-305
-539
-150
-101
-288
817
927
533
-110
-84
—7,192
- 5 , 292
636
1, 995
-1,359
—353
-4,086
-1,050
-1,489
-1,900
-295
-1,367
-238
45
90
-207
-45
6
127,575
114,027
36, 295
20,220
16,075
11,128
41,474
7,390
25,130
13,548
1,439
6,230
5,879
3,052
2,530
1,346
522
144
n.a.
na
-994
— 635
- 1 , 390
-825
-608
-69
-435
76
6,372
4,551
1 a
1
—528
—2 317
- 1 040
-10,305
-294
2,990
-957
-4,483
11, 204
55, 212
n.a.
n.a.
—2 227
-208
5,532
-220
—2 370
-1,307
— 1 212
—31 448
—6 9 43
1 763
1, 567
5 063
715
n.a.
na
1°8
6
6
na
1 a
1
na
1 a
1
6
na
na
1 a
1
na
na
na
n.a.
n.a.
1 a
1
n.a.
—27
—1,048
8 —7
s —136
(8)
n.a
n a
na
na
n.a.
11 a
6 —499
—2 002
6
—670
6
—995
320
na
na
n.a.
n.a.
n.a.
1 a
1
n.a.
-7,147
n.a.
130,627
n.a.
n.a.
—1 817
-486
-1,791
-829
— 1 051
-1,443
506
—25
— 1 938
—227
- 3 , 255
-519
—558
-608
65
— 18
n a
—793
na
(8)
UP
6,572
n.a.
1 a
1
8
I'
-21,980
n.a.
na
—18 011
-4,409
-1,691
- 3 , 437
—9 884
- 6 , 999
—2 710
— 114
1 a
1
—1,575
IV
-5,488
n.a.
na
-6,270
-311
—5 959
na
na
Amounts
outstanding
June 30,
1979
1979
1978
Line
1 a
1
7,863
40, 680
25, 809
12,269
1,094
SUEVEY OF CUEEENT BUSINESS
40
September 1979
Table 9.—Foreign Official Assets in the United States and Other Foreign Assets in the United States Reported by U.S. Banks 1
[ Millions of dollars]
(Credits (+); increase in foreign assets. Debits (—); decrease in foreign assets.)
1978
III
Foreign official assets in the United States, net (table 1, line 57).
By area: (see text table B)
By type:
U.S. Treasury securities (table 1, line 59)
Bills and certificates Denominated in U.S. dollars
Denominated in foreign currencies
Bonds and notes, marketable
Bonds and notes, nonmarketable __
Denominated in U.S. dollars.
9
Denominated in foreign currencies
._
10
Other U.S. Government securities (table 1, line 60)
11
Other U.S. Government liabilities (table 1, line 61)
12
U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 62)2
13
Banks i liabilities for own account, payable in dollars 3
14
Demand deposits
15
Time deposits 2 3
16
Other
17
Banks' custody liabilities, payable in dollars 3 *
18
Other foreign official assets (table 1, line 63)
15,618
-5,265
4,641
18,764
-9,391
-9,515
156,178
23,542
19,788
19,532
256
3,711
43
1,307
-1,264
656
2,754
5,411
12,904
11,483
11,483
-5,813
-3,751
-3,751
3,029
-581
-581
103,425
46,304
46,304
-1,748
-314
-95
-219
211
-136
-164
-8,872
-7,999
-7,743
-256
157
-1,030
-156
-874
-5
-164
-563
-1,536
-526
-22
-988
973
213
-12,737
-13,348
-13,348
2,432
-1,011
-796
-215
117
723
1,456
13,422
12,637
12,381
256
300
485
1,064
-579
-115
2,045
3,156
2,273
78
-229
2,424
883
256
391
220
226
-6
94
154
2,829
2,896
334
-38
2,600
-67
145
36,424
20,697
20,697
n.a.
-304
293
5,422
1,395
Other foreign assets in the United States: U.S. Treasury securities and U.S. liabilities reported by
U.S. banks, not included elsewhere (table 1, lines 68, 72, and 73)
By area:
Industrial countries 5 . . . 6
Caribbean banking centers
Oil-exporting countries 7
Other countries
International financial institutions
By type:
Foreign commercial banks
U.S. Treasury bills and certificates
U.S. liabilities reported by U.S. banks 2
Banks' liabilities for own account 3
Payable in dollars
To own foreign offices l0
Of U.S.-owned banks
Of foreign-owned banks in the United States...
To other foreign banks
Demand deposits
Time deposits 2 3
Other..
Payable in foreign currencies
Banks' custody liabilities, payable in dollars 3 4
n.a.
-355
86
2,329
418
105
637
5,838
12,653
25,363
13,320
3,198
2,486
7,636
12,043
19,155
477
2,668
6,905
9,105
9,740
11,060
108,688
-272
606
-43
-161
347
670
206
349
807
636
3,060
4,016
-251
922
-842
7,335
-181
980
1,020
3,656
7,534
-131
-531
-788
3,800
4,705
555
2,065
-65
51,622
24,962
5,444
19,760
6,900
15,483
60
15,423
-242
20
-262
1,460
40
1,420
9
-3,397
9
-3,673
9
-3,130
7,485
7
7,478
7,254
6,951
7,199
4,956
2,243
-248
-451
14
189
303
224
6,780
-7
6,787
6,725
6,264
4,117
-207
4,324
2,147
1,528
220
399
461
62
7,751
125
7,626
7,627
7,918
10,167
4,803
5,364
-2,249
-1,890
-217
-142
-291
-1
9,872
-19
9,891
9,753
9,704
6,916
3,759
3,157
2,788
1,827
135
826
49
77,717
407
77,310
72,688
70,709
54,752
23,135
31, 617
15,957
11,176
1,397
3,384
1,979
4,622
9
n.a.
n.a.
-543
9
-57
9
-120
9
-366
472
9
287
International financial institutions 8 .
U.S. Treasury securities
Bills and certificates
Bonds and notes, marketable
U.S. liabilities reported by U.S. banks 2
Banks' liabilities for own account, payable in dollars 3
Demand deposits —
Time deposits 2 3 _.
Other
Banks' custody liabilities, payable in dollars 3 4
..
92
-129
-504
375
221
n.a.
100
131
Other private foreign residents and unallocated
U.S. Treasury securities
Bills and certificates..
Bonds and notes, marketable
Bonds and notes, nonmarketable " . . .
U.S. liabilities reported by U.S. banks 2
Banks' liabilities for own account, payable in dollars 3
Demand deposits
Time deposits 2 3
Other
Banks' custody liabilities, payable in dollars 3 4
42
n.a.
-724
-149
2,727
883
1,134
-251
443
122
963
1,005
697
585
-277
-42
84
10,793
4,647
1,035
2,588
92
8
3,580
2,249
43
611
1,595
1,331
n.a.
150
562
Memoran d u m :
Negotiable certificates of deposit held for foreigners
IV
33,758
Al
Bl
Amounts
outstanding
June 30,
1979
1979
1978
Line
-10
619
347
621
612
9
-274
n.a.
14
17
-305
636
542
-396
938
94
n.a.
21
138
-65
-842
-1,193
114
-1,307
351
288
-121
-19
428
63
-49
-99
-834
735
50
154
186
-5
-27
-104
-788
-514
10
-524
-274
-159
-53
4
-110
-115
-65
-568
-12
-556
503
736
-12
-12
760
-233
6,900
4,241
199
4,042
2,659
1,508
264
87
1,157
1,151
372
240
51
189
572
221
20
201
262
133
-2
135
129
-287
-110
-58
-119
416
2,777
2,972
14
403
2,555
-195
49
-36
151
-66
-244
1,253
348
217
131
351
2,374
1,655
-26
86
1,595
719
401
203
157
41
318
905
718
521
231
-34
187
24,071
7,623
515
2,874
i2 4,234
16,448
13,762
4,728
8,735
299
2,686
248
-620
10,634
132
n.a.
-303
277
158
3
n.a.
360
186
-195
9
97
412
Footnotes to U.S. International Transactions Tables 1-10
General notes for all tables:
r
Revised.
v Preliminary.
*Less than $500,000 ( ± ) .
n.a. Not available.
Table 1:
1. Credits, + : exports of goods and services; unilateral transfers to United States; capital
inflows (increase in foreign assets (U.S. liabilities) or decrease in U.S. assets); decrease in
U.S. official reserve assets.
Debts, —: imports of goods and services; unilateral transfer? to foreigners; capital outflows
(decrease in foreign assets (U.S. liabilities) or increase in U.S. assets); increase in U.S. official
reserve assets.
2. Excludes transfers of goods and services under U.S. military grant programs (see line 16).
3. Excludes exports of goods under U.S. Military agency sales contracts identified in Census
export documents, excludes imports of goods under direct defense expenditures identified in
Census import documents, and reflects various other adjustments (for valuation, coverage,
and timing) of Census statistics to balance of payments basis; see table 3.
4. For all areas, amounts outstanding June 30, 1979, were as follows in millions of dollars:
line 38, 21,246; line 39,11,323; line 40, 2,670; line 41, 1,204; line 42, 6,049.
5. Includes sales of foreign obligations to foreigners.
6. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible bonds and notes.
7. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere,
and of debt securities of U.S. Government corporations and agencies.
8. Includes, primarily, U.S. Government liabilities associated with military sales contracts
and other transactions arranged with or through foreign official agencies; see table 4.
9. Consists of investment in U.S. corporate stocks and in debt securities of private corporations and State and local governments.
10. Beginning with estimates for the second quarter of 1978, the distinction between shortand long-term liabilities is discontinued.
11. Conceptually, the sum of lines 79 and 74 (total, all areas) is equal to " n e t foreign investm e n t " in the national income and product accounts ( N I P A ' s ) of the United States. However,
the foreign transactions account in the N I P A makes adjustments to the international accounts
for the treatment of gold, excludes reinvested earnings of incorporated foreign affiliates of
U.S. direct investors and of incorporated U.S. affiliates of foreign direct investors and, beginning with 1973-IV excludes shipments and financing of extraordinary military orders
placed b y Israel. Line 77 (total, all areas) differs from " n e t exports of goods and services" in
the N I P A due t o the difference in gold treatment, t h e omission i n the N I P A of net reinvested earnings, shipments of extraordinary military orders placed b y Israel, and U.S.
Government interest payments to foreigners. T h e latter payments are classified in a separate
category in the foreign transactions account in the N I P A ' s . A reconciliation table of the international accounts and the N I P A ' s foreign transactions accounts appeared in table 4.3 in the
presentation of the N I P A ' s in the J u l y 1979 S U R V E Y OF C U R R E N T B U S I N E S S .
12. Due to the introduction of new reporting forms for nonbank claims and liabilities, the
maturity breakdown is available only on the limited basis shown in table 7.
13. D u e to the introduction of new reporting forms for bank-related transactions, the
maturity breakdown is available only on the limited basis shown in table 8.
14. Includes foreign currency denominated notes sold to private residents abroad. See
table 9, line 35, footnote 11.
September 1979
SURVEY OF CURRENT BUSINESS
Table 2:
For footnotes 1-14, see table 1.
Table 3:
1. Exports, Census basis, represent transaction values, f.a.s. U.S. port of exportation; imports, Census basis, represent transaction values, f.a.s. foreign port of exportation.
2. Adjustments in lines A6, A14, B8, B24, and B40 reflect the Census Bureau's reconciliation
of discrepancies in the merchandise trade statistics published by the United States and the
counterpart statistics published by Canada.
3. Exports of military equipment under U.S. military agency sales contracts with foreign
governments (line A7), and direct imports by the Department of Defense and the Coast
Guard (line A15), to the extent such trade is identifiable from Customs declarations. These
exports are included in tables 1, 2, and 10, line 3 (transfers under U.S. military agency sales
contracts); and the imports are included in tables 1, 2, and 10, line 19 (direct defense
expenditures).
4. Addition of electrical energy; deduction of exposed motion picture film for rental rather
than sale; deduction of exports to the Panama Canal Zone; net change in stock of U.S.-owned
grains in storage in Canada; net timing adjustments for goods recorded in Census data in one
period but found to have been shipped in another; and coverage adjustments for special
situations in which shipments were omitted from Census data.
5. Correction for discrepancy between sum of four quarters, seasonally adjusted, and the
unadjusted annual totals.
6. Addition of electrical energy; deduction of foreign charges for repair of U.S. vessels abroad,
which are included in tables 1, 2, and 10, line 22 (other transportation); deduction of imports
from Panama Canal Zone; net timing adjustments for goods recorded in Census data in one
period but found to have been shipped in another; and coverage adjustments for special
situations in which shipments were omitted from Census data.
7. Annual and unadjusted quarterly data shown in this table correspond to country and area
data in table 10, lines 2 and 18, except that imports from international organizations,
namely, purchases of nonmonetary gold from the IMF, are included in data for other countries
in Asia and Africa. The memorandum items are defined as follows: Developed countries:
Western Europe, Canada, Japan, and Australia, New Zealand, and South Africa; OPEC:
Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Indonesia, Algeria, Libya, Nigeria, Gabon; Other developing countries: Latin American Republics,
Other Western Hemisphere, and Other countries in Asia and Africa, less OPEC and the
IMF.
8. BE A has suspended seasonal adjustment of petroleum import data pending completion
of a review of seasonal adjustment procedures.
9. The statistical identification of automotive products exports to Canada (line D36) is not
as complete and comprehensive as the identification of imports under the U.S.-Canada Automotive Products Trade Act. However, the underestimation of automotive shipments to
Canada due to unidentified auto parts and unreported exports, amounting to about $1,600
million in 1978, has been largely corrected in line C18.
10. Includes nuclear fuel materials and fuels.
NOTE.—The "seasonal adjustment discrepancy" lines (B13, B29, B45, C22, C37, D49, and
D95) show the difference between total exports and imports and the sum of major items independently adjusted.
Table 4:
1. Expenditures to release Israel from its contractual liability to pay for defense articles
and services purchased through military sales contracts—authorized under Public Law
93-199 and subsequent similar legislation—are included in line A3. Deliveries against these
military sales contracts are included in line C10; see footnote 2. Of the line A3 items, part of the
military expenditures is applied in lines A38 and A41 to reduce short-term assets previously
recorded in lines A36 and C8; this application of funds is excluded from lines C3 and C4. A
second part of line A3 expenditures finances future deliveries under military sales contract
and is applied directly to lines A37 and C9. A third portion of line A3, disbursed directly to
finance purchases by Israel and other countries from commercial suppliers, is included in
line A32.
2. Transactions under military sales contracts are those in which the Department of Defense
sells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.
Purchases by foreigners directly from commercial suppliers are not included as transactions
under military sales contracts. The entries for the several categories of transactions related to
military sales contracts in this and other tables are partially estimated from incomplete data.
3. The identification of transactions involving direct dollar outflows from the United
States is made in reports by each operating agency.
4. Line A33 includes foreign currency collected as interest and lines A38 and B2 include
foreign currency collected as principal, as recorded in lines A13 and A14, respectively.
5. Includes (a) advance payments of the Department of Defense (on military sales contracts) financed by loans extended to foreigners by U.S. Government agencies and (b) the
counter value of the part of line C10 which was delivered without prepayment by the foreign
purchaser. Also includes expenditures of appropriations available to release foreign purchasers
from liability to make repayment.
6. Excludes liabilities associated with military sales contracts financed by U.S. Government grants and credits and included in line C2.
Table 5:
1. Acquisition of capital stock of existing and newly established companies, capitalization
of intercompany accounts, and other equity contributions.
2. Sales and liquidations of capital stock and other equity holdings, total and partial.
3. Petroleum includes the exploration, development and production of crude oil and gas
and the transportation, refining and marketing of petroleum products exclusive of petrochemicals. Manufacturing excludes petroleum refining and the smelting operations of mining
companies. "Other" industries includes industries other than petroleum and manufacturing,
the major ones being agriculture, mining and smelting, public utilities, transportation, trade,
insurance, finance and services.
Table 6:
1. As published in Treasury Bulletin, Treassury data are based on transactions by foreigners
reported by banks and brokers in the United States; net purchases by foreigners (+) correspond to net U.S. sales (+).
41
2. Redemptions consists of scheduled retirements and identifiable premature retirements of
U.S.-held foreign debt securities, and estimates for redemptions of Canadian issues held by
U.S. residents based on Canadian statistics. Unidentifiable nonscheduled retirements appear
in line 31.
3. Consists of International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Asian
Development Bank (ADB), and Inter-American Development Bank (IDB).
4. Mainly reflects exclusion of investments by foreign official agencies in U.S. corporate
stocks and in debt securities of U.S. Government corporations and agencies, private corporations, and State and local governments. These investments are included in table 1, lines
60 and 63.
5. Securities newly issued by finance subsidiaries incorporated in the Netherlands Antilles
are included to the extent that the proceeds are transferred to U.S. parent companies.
Table 7:
1. Because of changes in U.S. Treasury reporting forms, there is discontinuity in the data
series beginning with amounts outstanding at the end of December 1978. Details on the old
basis are available in the June 1979 SURVEY.
2. Beginning with the first quarter of 1979, long-term is defined as more than one year
remaining to contractual maturity.
3. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
4. Mainly in the Bahamas and Cayman Islands.
5. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oilexporting countries.
6. Includes funds obtained by finance subsidiaries incorporated in the Netherlands Antilles
from sources other than sales of newly issued securities to the extent that they are transferred
to U.S. parent companies.
Table 8:
1. Because of changes in U.S. Treasury reporting forms, there is discontinuity in the data
series for components of claims on foreigners reported by U.S. banks beginning with amounts
outstanding at the end of April 1978. Only partial data are available for the second quarter of
1978 on the new basis; data on the old basis are available in the June and September 1978
SURVEY.
2. Beginning with estimates for the second quarter of 1978, long-term claims are defined as
claims haying more than one year remaining to contractual maturity.
3. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
4. Mainly in the Bahamas and Cayman Islands.
5. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oilexporting countries.
6. Based on data for May and June.
7. Includes central governments (central banks, departments, and agencies), state, provincial and local governments, and international and regional organizations.
8. Prior to third quarter 1978, banks' deposits for own account are commingled with those
for domestic customers' accounts.
Table 9:
1. Because of changes in U.S. Treasury reporting forms, there is discontinuity in the data
series for some components cf liabilities reported by U.S. banks beginning with amounts
outstanding at the end of April 1978. Data on the old basis are available in the June and
September 1978 SURVEY.
2. The distinction between long- and short-term liabilities is discontinued beginning with
the second quarter of 1978; for prior quarters, all long-term liabilities are combined with shortterm time deposits.
3. Negotiable certificates of deposit issued to foreigners by U.S. banks are included with
U.S. banks' custody liabilities, and are shown in the memorandum.
4. Mainly negotiable and readily transferable instruments; excludes U.S. Treasury
securities.
5. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
6. Mainly in the Bahamas and Cayman Islands.
7. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oilexporting countries.
8. Mainly the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Asian
Development Bank (ADB), Inter-American Development Bank (IDB), and the Trust
Fund of the International Monetary Fund.
9. Based on data for May and June.
10. Beginning in the second quarter 1978, coverage is expanded from Western Europe,
Canada, Japan, Bahamas, and Cayman Islands to all countries.
11. Consists of U.S. Treasury notes denominated in foreign currencies, sold through foreign
central banks to domestic residents in country of issue; notes are subject to restricted
transferability.
12. Valuation at time of issue was $4,150 million.
Table 10:
For footnotes 1-9, see table 1.
10. See footnote 11 to table 1.
11. The "European Communities (9)" includes the "European Communities (6)", the
United Kingdom, Denmark and Ireland.
12. The "European Communities (6)" includes Belgium, France, Germany, Italy, Luxembourg, the Netherlands, the European Atomic Energy Community, the European Coal and
Steel Community, and the European Investment Bank.
13. Includes transactions with U.S. affiliated shipping companies operating under the
flags of Honduras, Liberia, and Panama, and U.S. affiliated multinational trading companies,
finance, and insurance companies, not designated by country.
14. See footnote 12 to table 1.
15. See footnote 13 to table 1.
16. Details not shown separately; see totals in lines 57 and 64.
17. Details not shown separately are included in combined lines 72 and 73.
SURVEY OF CUEEENT BUSINESS
42
September 1979
Table 10.—U.S. International
[Millions
Western Europe
(Credits + ; debits - )
Line
l
1978
1978
II
11
12
13
14
15
Exports of goods and services 2
_
_
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
_
Interest, dividends, and earnings of unincorporated affiliates-.
Reinvested earnings of incorporated affiliates
Other private receipts.
U.S. Government receipts...
16
Transfers of goods and services under U.S. military grant programs, net.
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Imports of goods and services
Merchandise, adjusted, excluding military s_
Direct defense expenditures
Travel
Passenger fares
Other transportation
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
32
U.S. military grants of goods and services, net.
33
Unilateral transfers (excluding military grants of goods and services), n e t . . .
-121
34
35
36
U.S. Government grants (excluding military grants of goods and services).
U.S. Government pensions and other transfers...
_
Private remittances and other transfers
U.S. assets abroad, net (increase/capital outflow (—))
_.
-149
-480
-27
-117
508
-24,830
III
107
-3,006
10
37
38
39
40
41
42
U.S. official reserve assets, n e t
Gold
Special drawing rights
Reserve position in the International Monetary FundForeign currencies
43
44
45
46
13,962
202
226
89
534
565
101
194
46
15,619
9,826
247
362
154
680
571
106
203
47
14 756
9,362
270
422
231
763
588
110
209
58
18,927
11,488
421
353
143
684
706
114
214
19,968
12,567
341
298
139
691
602
117
216
37
21,481
13,172
553
470
219
770
666
120
215
45
10,647
4,647
6,000
3,173
427
2,628
1,049
1,579
608
79
2,635
1,573
1,061
708
79
1,861
838
1,023
783
99
3,523
1,187
2,335
1,073
170
3,609
1,317
2,292
1,249
104
1,164
2,675
1,292
121
-61,788
-36,617
-3,748
-2,600
-2,230
-2,778
-311
-170
-877
-355
-13,888
-8,774
-855
-302
-457
-629
-73
-40
-222
-89
-15,569
-9,163
-898
-745
-717
-683
-62
-42
-219
-84
-16,069
-9,125
ggg
-1,090
-612
-740
-83
-44
-221
-85
-16,263
-9,555
-1,006
-463
-444
-726
-93
-45
-215
-97
-16,213
-9,243
-1,056
-313
-439
-745
-84
-43
-221
-103
-18,858
-10,616
-998
-942
-744
-828
-85
-44
-231
-104
-2,848
-1,166
-1,682
-4,550
-4,704
-429
-235
-194
-960
-1,058
-819
-286
-534
-1,036
-799
-313
-486
-1,130
-802
-333
-469
-1,424
-811
-371
-440
-1,539
-1,616
-1,049
-379
-670
-1,676
-1,101
-1,151
-1,394
-49
-3
-4
-35
-7
-17
-33
-34
-32
-118
-41
-120
-49
-125
-41
-116
124
134
128
140
-1,969
136
-3,123
-3,794
-14,907
-2,174
-8,240
-85
-37
-2,803
49
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term assets
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S. short-term assets, net
47
48
49
50
51
U.S. private assets, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
__
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term. __
Short-term
_
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
-3,046
Allocations of special drawing rights.
_.
Statistical discrepancy (sum of above items with sign reversed)
Memoranda:
Balance on merchandise trade (lines 2 and 18) 10
Balance on goods and services (lines 1 and 17)
Balance on goods, services, and remittances 10
(lines 77, 35, and 36).
Balance on current account (lines 77 and 33)
See footnotes on page 41.
35
-37
-121
-1,542
-4
-33
-33
-44
-125
438
-3,046
-121
-85
-37
-2,803
-2,174
438
-683
-1,374
746
-55
-90
-226
115
21
-261
-445
175
9
-178
-437
202
57
-154
-266
254
-143
-176
-365
177
12
24
-219
-21,101
-8,444
-2,445
-6,000
-476
-2,795
-2,486
-907
-1,579
224
-2,777
-1,710
-649
-1,061
-295
-3,579
-1,379
-356
-1,023
-161
-11,951
-2,868
-533
-2,335
-244
381
-2,661
-368
-2,292
-553
-8,701
-3,410
-735
-2,675
-218
-1,275
-75
230
6
208
-649
15-10,688
103
-790
i5 - 9 8 6
37,294
6,293
824
10,264
19,913
-980
503
23,235
6,263
-1,470
5,974
12,468
-3,226
-6,728
(16)
(16)
Foreign assets in the United States, net (increase/capital inflow (+))
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities 6
_._
Other 7____
Other U.S. Government liabilities »
U.S. liabilities reported by 9
U.S. banks, not included elsewhere
Other foreign official assets
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
Short-term
_
IV
63,264
39,364
1,139
1,363
617
2,661
2,431
432
820
190
_
4
1979
(16)
668
(16)
14,059
4,144
2,463
1.682
(16)
(16)
(16)
30
485
292
194
(16)
-1,392 is -7,623
(16)
(16)
89
97
196
(16)
-151
-1,064 J K - 1 4 3
11
0
(16)
(16)
(16)
(16)
2,293
1,329
796
534
4,290
1,741
1,254
7,446
589
121
469
2,246
820
380
440
7,231
1,110
440
670
(16)
(16)
(16)
(16)
(16)
486
418
1,018
221
-79
657
134
279
-67
42
105
185
-251
151
570
45
6
0 )
-13,819
2,747
1,476
1,504
1,355
(16)
-3,3
-86
75
65
37
-10
(16)
1,702
•
15 3,738 is _4,654
(16)
(16)
(16)
637
11-439
(16)
(16)
2,266
-5,125
-7,636
-773
5,146
663
50
66
33
237
1,313
1,305
1,346
1,933
2,664
2,679
2,630
3,324
3,755
3,763
3,722
2,556
2,623
2,634
2,591
September 1979
SURVEY OF CUREENT BUSINESS
43
Transactions, by Area
of dollars]
European Communities (9) n
1978
1978
1979
1978
531
131
172
70
385
517
84
143
27
360
602
114
8,589
3,611
4,979
2,459
II
11,188
6,969
1,046
484
1,764
2,179
.
19 79
2,202
IV
III
12,383
7,928
75
285
120
446
510
88
150
30
11,457
7,514
130
330
185
499
523
93
153
37
14,831
9,172
195
259
109
435
629
96
157
20
15,685
9,860
198
225
113
442
552
99
158
21
16,519
10,077
1,371
602
769
606
16
2,827
919
1,908
841
92
2,999
1,016
1,983
989
30
3,167
-8
-1
148
473
17
2,189
1,282
907
539
23
-9
-1
(*)
808
1,394
1978
I
UP
I'
273
369
169
495
600
102
157
29
920
2,246
1,039
43
13,306
7,252
187
317
186
558
690
93
219
39
2,299
1,050
1,249
1,378
88
(*)
III
II
3,276
1,715
14
53
28
122
183
25
52
11
785
166
620
284
5
3,284
1,951
15
85
45
139
145
24
55
11
515
351
163
295
6
IV
I'
II P
2,881
1,551
36
100
68
159
164
23
56
9
3,865
2,035
121
79
46
139
198
22
57
8
4,377
2,523
44
65
47
141
153
23
57
9
4,731
2,507
29
105
60
152
169
24
56
12
34,651
23, 205
372
259
114
337
5
626
274
352
462
72
745
458
287
565
5
1,009
257
752
604
5
5,922
2,541
3,381
1,054
(*)
I
-426
-196
-231
-628
-886
1
-729
-224
-506
-689
-917
-751
-237
-515
-735
-959
-677
-697
-261
-300
-377
-436
-953 -1,020
-1,114 -1,246
-722
-939
-289
-280
-650
-442
-1,160 - 1 , 588
-1,235
-742
8
1
324
62
88
80
94
79
97
-9
-1
-81
144
-1
-82
171
-5
-82
167
-2
-87
183
-2
-79
160
-582
-292
-223
-79
-144
-385
-166
26
261
360
64
55
9
-332
664
-2,767
(*)
-2,767
(*)
(*)
-178
-94
-84
-501
-163
-143
-117
-27
-552
-176
-13
33
-7,439 -7,896
-723
-829
9 -2,729
-47
49
-829
54
-23
79
-2
-13
38
-13
48
-920 -1,084 - 5 , 1 6 9
-1
-13
38
1,432
72
26
142
-12
12
-9
14
-1
12
29
104
-32
-17,083 -2,194 - 1 , 9 2 3 - 2 , 8 1 6 - 1 0 , 1 5 0
201 -7,919 -8,025
-7,163 -2,022 - 1 , 5 3 8 - 1 , 1 3 8 - 2 , 4 6 4 - 2 , 1 5 3 -2,752 -2,815
-631
-369
-556
-170
-629
-2,185
-506 -1,567
-907
- 7 6 9 - 1 , 9 0 8 - 1 , 9 8 3 -2,246 -1,249
-4,979 -1,394
273
41
-142
154
-243
-405
82
-539
-727
-910
-290
-620
-932 -1,126 - 5 , 2 4 1
-934
-645
-327
-582
-482
-213
-352
-163
-114
11
144
-328
(
Ji5_8,489 X
26,144
( 17 )
,
IT
,
963
3,846
2,159
1,687
(17)
2,244
-9
741
37
(17)
7,744
12,673
(17)
4,764
(17)
(17)
32
-165
- 6 0 8 - 1 , 1 1 9 14 - 1 9 1
n.a. \( -187
-696
133 15 —472 is-1,256 15-6,159 15 2,950 is-4,628 15-4,409 (
-735
I
400
k>
-6
236
(17)
99
196
(17)
(17)
507
132
369
00
1,255
749
506
1,780
1,266
515
(17)
414
183
231
(17)
943
-61
36
69
( )
94
159
397
-39
436
(17)
215
1,524
(17)
(17)
17
578
127
41
( 17 )
49
( )
738
360
377
524
- 1 7 4 \ 14
177 [ 14-540
735
952
302
650
(17)
507
(
n.a. (
256
-21
176
2,074
641
1,433
371
19
2,184
514
1,670
414
24
2,054
11
12
13
14
15
__j
( )
1,044
602
442
(17)
1,760
11
416
22
-479
(17)
26
(17)
-62
-60
2
(17)
00
798
581
217
(17)
(17)
629
467
33
-14
46
-9
-255
510
-1
-62
114
-1
-63
135
-5
-63
122
-2
-67
140
-2
-59
127
-2
-66
143
34
35
36
-5,460 -11,156
-1,324
-938
-1,523
-7,371
-1,979
-1,843
37
-47
9
-2,729
-829
426
-47
9
-2,729
-829
426
38
39
40
41
42
66
-4
61
9
71
-1
42
30
-79
37
21
-100
24
13
52
-1
48
5
43
44
45
46
-957 -1,603 -4,564
-828
-717 -1,318
115
-160
-134
-668
-583 -1,433
192
-256
7
-1,187
-1,960
-291
-1,670
-234
-2,321
-1,478
47
48
49
50
51
59
229
_5
-22
64
134
17 17 17-2,557 17-1,264 17-3,283
(*)
(*)
40
-5,457
-1,140
-388
-752
-113
-8,487
-3,861
-480
-3,381
-34
-1,364
-998
-302
-697
22
9
-17
10
n.a. f
X
-605
-16)
is 2,101 is-4,205 is-3,996 tI - 3 6 5 ]
( )
361
334
27
370
-107
75 \ 14—169
633
-3,865 -2,054
-2,841
4,105
6,383
831
2,800
558
2,194
-4,708
642
192
281
279
191
-1,260
-1,175
-1,180
2,621
3,217
3,298
3,296
1,537
1,713
1,812
1,810
776
662
778
778
192
547
567
567
238
-48
-22
-22
-61
-513
-479
-479
407
677
712
712
865
1,177
1,201
1,201
17 6 17 1,984 " 1 , 5 3 4
24,390
(17)
77
-21
17
(17)
327
27
28
29
30
31
75
(17)
337
-697
-535
-183
-192
-353
-505
-455
-490
- 1 , 040 -1,020
1
(17)
33
-51
84
-516
-166
-350
-442
-926
66
(17)
(17)
-528
-157
-371
-346
-770
8
3,703
275
131
144
17
18
19
20
21
22
23
24
25
26
71
2,075
(17)
16
- 8 , 8 7 6 -10,333
- 5 , 331 - 6 , 297
-780
-724
-141
-315
-164
-315
-275
-306
-24
-33
-18
-18
-70
-73
-43
-48
55
1,406
-92
195
-287
-169
- 1 5 6 Ji4 - 4 3 4
-674
-50
-1
-8,397 -8,863 -9,065
- 5 , 313 - 5 , 469 - 5 , 669
-653
-753
-744
-142
-328
-267
-302
-246
-183
-249
-267
-268
-42
-24
-28
-16
-17
-18
-69
-70
-70
-41
-47
-41
71
2,263
59
426
36
1
1,005
26
-8
(*)
646
1,408
51
-397
-163
-234
-291
-649
24
16
-8,295 - 3 , 0 1 0
937
353
583
263
10
14
12
17-636
1,612
2,167
2,263
2,261
1,586
918
668
238
15
98
-5
148
-44
17 4,936 17 11,990
78
329
392
392
1,325
629
697
182
11
-3
-22
19
-1
1718,922 17 3,305 17-1,309
2,523
1,428
1,760
1,752
1
2
3
4
5
f
>
7
8
9
10
238
248
101
295
412
76
95
15
247
(17)
-675 -1,858
61
17
-32
281
151
-378 [ 15 -20S 15-486 15-3,488
(17)
(17)
17
11,228
7,233
—2,767
42
-38
196
10,959
7,165
149
151
61
258
377
75
94
9
-2,767
12
-177
-1,295
10,378
6,787
69
167
58
251
409
72
93
9
32
426
3
134
-135
8,149
5,707
89
220
110
289
341
68
92
24
-1,874
-635
-1,240
-1,398
- 3 , 055
24
129
39
10
8,637
5,702
58
187
69
264
346
63
89
17
9
35
-13
48
I'
-240
-97
-143
-658
-191
426
45
-5
40
11
108
-5
56
57
94
-4
83
15
20
IV
III
7,487
5,009
113
112
39
217
321
58
86
14
-34,099 -7,773
-21,576 -5,125
- 2 , 795
-645
-132
-869
-899
-168
-1,012
-227
-111
-18
-16
-67
-280
-71
-164
-34
(*)
35
(*)
116
-51
167
-87
186
9 -2,729
-47
250
-9
312
-53
(*)
II
Q
(*)
-333
-222
-75
-217
-368
-191
1,022
1,416
2
-19,600 -2,145 - 1 , 8 7 6 - 2 , 6 9 9 - 1 2 , 8 8 1
-30
-32
2
329
686
277
(*)
(*)
-48,432 -10,859 - 1 2 , 1 9 1 - 1 2 , 7 1 7 - 1 2 , 6 6 5 - 1 2 , 4 6 8 -14,806 -12,644 -2,730 -3,333 -3,394 - 3 , 1 8 8 - 3 , 2 0 0 - 3 , 9 9 7
-29,060 -6,891 - 7 , 2 8 6 - 7 , 323 - 7 , 560 - 7 , 239 - 8 , 540 - 6 , 476 -1,523 -1,713 -1,612 - 1 , 6 2 8 - 1 , 6 5 8 - 1 , 9 8 4
-762
-876
-874
-915
-97
-112
-123
-112
-763
- 3 , 275
-848
-421
-107
-105
-520
-795
-290
-215
-73
-260
-136
-68
-215
-1,820
-637
-771
-177
-385
-523
-457
-310
-336
-130
-126
-187
-325
-1,641
-538
-636
-137
-187
-182
-507
-469
-512
-500
-182
-207
-185
-431
-1,907
-570
-695
-157
-170
-186
-41
-35
-46
-57
-75
-21
-11
-15
-69
-51
-27
-29
-17
-190
-35
-38
-40
-42
-40
-40
-84
-20
-22
-21
-19
-23
-21
-154
-176
-114
-176
-175
-183
-102
-108
-178
-705
-191
-410
-103
-103
-102
o
-41
-52
-56
-55
-25
-5
-48
-58
-5
-6
-10
-9
-196
-2,604
-917
- 1 , 687
- 3 , 004
- 3 , 876
Line
1979
1978
1978
I
49,860
31,583
European Communities (6) i2
United Kingdom
( )
343
200
143
25
-52
10
-135
2,705
6,403
38
(17)
129
-70
-1,408
-413
(
n.a. 1
52
(
" 7 6 5 is - 4 3 0 I
54
55
14 242
-2,252
1,515
1,144
371
479
167
318
111
(
-16
X
322
72
131
-53
59
29
30
(17)
33
100
(17)
00
454
169
285
380
10,152
32
53
56
-1,258
{S
1 59
465
231
234
2,806
1,566
1,240
(17)
-9
-428
is - 2 9 4 is - 7 6 8 is-2,553
-4
00
17
( )
(*)
00
264
17
5,131
-434
-149
-285
-318
-709
371
22
350
(17)
-117
00
380
27
353
(17)
154
-66
(17)
609
105
505
[
(
{
\
60
61
62
63
Ut
65
66
67
68
69
00
132
{
70
I
71
(
17 2,903 17 20,536 17 4,300 17 1,888 17 4,589 17 9,759 17-2,450 17-1,933 [
72
73
n.a.
- 6 4 | 14-369
102
991 - 1 4 , 0 3 4 - 3 , 5 7 2
-2,077
-4,220
-4,165
2,082
2,130
74
75
-116
-286
-235
-235
389
240
312
310
238
-714
-655
-660
1,118
1,314
1,386
1,384
1,834
2,083
2,151
2,149
936
895
972
970
76
77
78
79
523
734
766
766
1,629
552
808
799
SUEVEY OF CUREENT BUSINESS
44
September 1979
Table 10.—U.S. International
[Millions
Eastern Europe
(Credits + ; debits - ) i
Line
1978
1978
1979
III
Exports of goods and services 2
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel...
Passenger fares
O ther transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates.
Reinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts
IV
4,509
4,082
1,582
1,475
890
840
729
1,086
963
126
32
35
29
1,571
1,426
35
117
75
Transfers of goods and services under U.S. military grant programs, net.
Imports of goods and services
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel
Passenger fares
Other transportation
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
O ther private payments
U.S. Government payments
-1,756
-1,509
-3
-94
-17
-60
-411
-370
(*)
-4
-1
-15
-422
-360
-1
-19
-9
-17
-444
-351
-1
-52
-6
-16
-479
-428
-1
-19
-1
-12
-315
(*)
-5
-1
-16
-4
-31
-24
-1
-10
-7
-1
—7
-5
-1
—7
-6
-1
-7
-6
-11
-5
-15
(*)
(*)
i
-1
(*)
(*)
(•)
-500
-434
-1
-20
-9
-17
U.S. military grants of goods and services, net
Unilateral transfers (excluding military grants of goods and services), net
-65
-11
-17
U.S. Government grants (excluding military grants of goods and services)U.S. Government pensions and other transfers
Private remittances and other transfers
U.S. assets abroad, net (increase/capital outflow (—))
-20
-44
-1
-10
-6
-10
-484
-29
-419
-617
174
24
-87
-119
32
(*)
-65
58
-17
-11
-15
-12
-5
-12
-2
-10
-5
-10
-121
-196
-139
-40
-128
-126
-182
41
15
-174
-247
67
-33
-69
35
1
-70
-136
58
-43
-144
92
-22
-106
30
-85
14
-3
-59
H _3
U.S. official reserve assets, net 4 .
Gold
Special drawing rights
Reserve position in the International Monetary Fund.
Foreign currencies
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term assets
Repayments on U.S. loans «
U.S. foreign currency holdings and U.S. short-term assets, net
U.S. private assets, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
Short-term
Foreign assets in the United States, net (increase/capital inflow (+))
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities 6
Other ^
Other U.S. Government liabilities 8
U.S. liabilities reported by 9
U.S. banks, not included elsewhere
Other foreign official assets
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
Short-term
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)...
Memoranda.
Balance on merchandise trade (lines 2 and 18) 10
Balance on goods and services (lines 1 and 17)
Balance on goods, services, and remittances (lines 77, 35, and 36).
Balance on current account (lines 77 and 33) 10
See footnotes on page 41.
-12
26
38
s -99
15 - 1 2
15 33
is - 7 4
171
-76
85
136
50
-76
26
07)
07)
07)
i
i
-5
07)
07)
(17)
(*)
(17)
(17)
()
*
07)
(17)
(17)
(17)
(17)
07)
(*)
(*)
63
-5
15
17 73
84
1M6
17 68
-1
(17)
(17)
14 4
17-80
17 50
-2,376
-561
-1,160
-365
-290
-601
-977
2,573
2,753
2,689
2,689
618
677
665
665
1,115
1,161
1,144
1,144
539
554
534
534
301
361
345
345
648
729
717
717
992
1,071
1,055
1,055
SURVEY OF CURRENT BUSINESS
September 1979
45
Transactions, by Area—Continued
of dollars]
Canada
Japan
L a t i n A m e r i c a n Republics a n d Other
Western H e m i s p h e r e
Line
1979
1978
1978
1979
1979
1978
1978
I
41,836
31,058
71
^ 2,248
II
III
I'-
IV
U P
1978
9,465
6,842
26
683
11,042
8,427
10
583
9,808
7,149
21
610
11,521
8,640
14
372
l l , 778
8,649
27
601
12,883
9,463
21
600
116
I
II
III
8,032
4,640
23
498
60
170
74
20
195
19
9,233
5,495
14
599
60
221
95
22
202
19
9,816
5,617
14
694
112
266
72
23
209
19
11,099
6,279
10
675
81
247
120
25
222
21
10,783
6,003
27
557
75
232
69
25
205
19
12,276
6,851
23
796
76
255
95
25
212
19
18,259
12,960
59
542
289
1,046
453
343
116
55
1,016
663
353
1,237
80
1,118
606
512
1,307
82
1,210
725
485
1,503
77
1,523
776
747
1,822
74
1,387
809
578
2,100
85
1, 714
1,043
671
2,133
78
1,151
499
652
1,204
43
1
4
5
2
-7,627 -7,754
-5,708 -5,628
-52
-63
-795
-868
-51
-66
-179
-193
-1
-8
-4
-3
-202
-209
-86
-85
-8,364
-6,034
-75
-800
-38
-220
-3
-230
-93
-9,307
-6,657
-57
-1,029
-71
-202
-3
-3
-227
-93
-125
-27
-98
-715
-29
-115
-40
-75
-829
-22
IV
I
1978
U P
II
III
IV
I'
3,765
2,626
13
145
88
291
98
77
30
9
4,303
3,065
22
135
55
245
112
83
29
21
4,798
3,340
8
140
68
266
123
89
30
17
5,393
3,929
16
122
78
244
121
94
28
8
5,692
4,219
16
189
103
241
91
95
26
7
5,567
4,108
12
175
89
265
114
94
29
9
1
2
3
4
5
6
7
8
9
10
144
89
56
231
14
260
130
130
267
8
386
220
165
320
13
361
60
301
386
7
210
100
110
463
31
204
93
111
444
24
11
12
13
14
15
529
727
61
543
17
161
11
141
2
132
180
14
139
4
141
194
17
134
c
140
192
19
129
3
142
166
18
136
4
158
190
18
139
4
38,179
22,031
60
2,466
313
904
361
89
828
78
3,435
1,554
1,881
3,130
17
749
246
503
731
3
837
323
515
711
6
698
214
484
832
3
1,151
771
380
856
6
1,029
436
592
1,006
3
1,276
449
827
1,009
6
4,866
2,769
2,097
5,869
313
-37,462
-33,804
-171
-1,407
-8,484
-7,910
-53
-128
-9,814
-8,823
-34
-350
-462
-127
-10
-353
-30
-85
-31
-2
-88
-5
-111
-38
-2
-88
-16
-138
-28
-3
-89
-4
-127
-30
-3
-88
-5
-352
-157
-195
-607
-140
-23
-16
-8
-129
-30
-178
-99
-79
-137
-36
-155
-49
-107
-148
-35
5
7
-2
-194
-39
-122
-45
-77
-212
- 44
-163
-59
-105
-227
-49
-403
-133
-271
-2,041
-103
-16
—6
-1
-4
—5
-2
-1
3
-133
-29
-40
-28
-37
-36
-31
-822
-202
-192
-209
-221
-222
-209
-73
-38
7
-255
-145
-422
-71
-36
-95
-52
-36
-104
-59
-37
-112
-73
-36
-112
-67
-41
-115
-57
-38
-114
-21
-52
-10
-5
-15
-757 -16,285
-5,937
3,383 - 4 , 4 8 8
-9,244
-592
-2,645
-5,995
-1,370
-342
:J4.
j
16
-148
15
-8,800
-9,086 -10,078
- 7 , 730 - 9 , 3 4 1
-44
-40
-214
-715
6
-9,918 -11,013 -31,341
-9,125 -9,887 -23,044
-32
-28
-234
-137
-374 -3,317
-224
-110
-765
-139
-38
-19
-34
-3
-14
-3
-838
-89
-93
-340
-7
-18
-7,596
-5,674
-44
-854
-69
-173
-7
-4
-197
-76
-37
-2
-38
11
-39
2
-38
2
-2,391 -2,176
-1,617
-2,617
-2,771
-34
5
-97
-51
-46
-374
-27
-87
-25
-63
-436
-27
-95
-31
-64
-516
-20
1
-3
-3
(*)
-96
-36
-59
-986
-21
-256
-82
-174
-422
-1,720
-54
-6
-48
-77
-343
-81
-32
-49
-96
-410
-85
-30
-56
-106
-447
-36
-14
-21
-143
-522
-20
-17
-21
3
(*)
-5
-7
3
i
4
-2
5
4
-1
6
(•)
(*)
-5
(*)
6
-11
-8,809 -2,397 -2,171 -1,621
-559
-397
-319
-1,333
-75
106
196
549
-484
-503
-515
- 1 , 881
-348
-567 ^1,307
-3,237
- 2 , 6 2 0 - 2 , 766
-57
-957
322
-364
-380
-592
-1,016
-718
32
-220
-50
463 | H-678
-49
-578
115-3,612 (
\
-14
-747
27 J is-454
is-526 is-1,960
-699
2,859
25
127
-702
(16)
(16)
14
i
\
2,732
513
318
195
(16)
178
-2
154
} 06)
1,701
1,521
-288
1,602
935 -1,104
998
(16)
C)
(16)
13
(16)
(
-17
-74
(16)
727
586
260
253
8
178
99
79
(16)
(16)
-29
2
- 1
26
(16)
(16)
(16)
816
72
-35
107
(16)
(16)
3
1
2
(16)
(16)
-11
796
212
135
77
(16)
67
92
(16)
-439
(*)
-1,045
8
614
11
-8
-59
-215
164
-8
- 7 7 5 - 1 5 , 8 4 6 - 5 , 878
-830 -4,207
-498
- 3 -2,110
-146
-827 -2,097
-353
181
-126
38
169
n.a. f
(-1,541
15 180 is-10,449 (
\
9,540
-966
15
-1,476
-188
-327
139
(*)
-91
-231
142
-2
3,484 - 4 , 3 0 0
-761 -1,286
-249
-801
-512
-485
139
-22
-9,153
- 1 , 661
-914
-747
26
90
-58
15
854
-33
-178
144
1
-17
-231
210
4
-27
-100
54
19
-6
-25
19
(*)
-559 -2,628 -4,330 -1,375
-854
-776
-717
-2
-276
-105
-65
54
-671
-652
-578
-56
141
326
-538
88
-337
-187
-57
-130
389
f
n.a. { - 1 7 1
33
5
-20
-6
—9
150 - 4 , 4 3 2
-22
27
-183
—183
-11
-31
10
10
1
-13
17
-2
22
-9
32
-1
43
44
45
46
165 - 2 , 7 8 4
-348
-180
-47
-15
-301
-165
191
285
159
-136
-26
-110
-6
5
-195
-84
-111
-65
47
48
49
50
51
14 184
n.a.
(
[
52
53
15 117
f
i«265 {
54
55
-5
-11
-18
-312
6
238
-16
-26
5
6
8
-15
-5
-16
4
-82 |
1,841
2,543
4,643
2,506
6,851
6,526
13,749
-14
34
35
36
15 162 is-2,643
551
32
(*)
—1,637
5
-19
21
3
49 4
[i -2,296
-861
112
| 14 - 2 4
(16)
(17)
(16)
(17)
-6
(16)
115
234
129
105
25
I ()
(17)
(17)
121
n.a. [
\
495
225
271
351
-57
321
(17)
14
-3
(17)
(16)
(16)
17
(17)
(17)
15
-31
46
(17)
8,346
-906
3,767 - 2 , 6 7 8
206
17 8,404 17 1,686
17188
1,211
-391
-440
-116
-2,746 -1,068
4,374
981
4,241
952
4,241
952
-396
1,229
1,189
1,189
-581
722
694
694
-701
1,443
1,405
1,405
-476
1,859
1,823
1,823
-424 -1,013 -1,034
1,870
6,838
435
1,840
6,271
305
1,840
6,016
234
730
67
3,862 - 5 , 3 4 9
-213
1,607
1,468
1,415
(17)
(17)
-14
16
(17)
(17)
1,089
—7
(17)
(17)
(17)
(17)
(17
(17)
37
19
(17)
)
(17)
3
(17)
(17)
1,031
(17)
-24
(17)
37
38
39
40
41
42
-4,562
(17)
56
f
I
i
110
(17)
f
57
58
59
60
61
62
\
63
I
64
65
66
67
68
209
n.a. f
I
69
70
71
(
17 4,196 17 2,334 17 6,528 17 6,328 17 11,371 17 7,973 17-1,361 17 2, 351 17 2,408 17-2,568 17-5,240 X
72
73
281
217
64
(17)
26
-36
153
-535
-2
(17)
76
14
63
(17)
27
28
29
30
31
-15
j
13 Ji5 - 7 8 3
- 4 9 5 [is 4,074
15-3,861 5-6,706 is 2,503 15-1,992 15-3,769
X -518
3,461
1,415
-101
-272
170
1
-138
-36
-102
-168
-510
592 - 1 , 0 8 1
(16)
604
137
4
41
1,387
(16)
9
-8
(16)
15-413
18
-85
-35
-50
-155
-568
17
18
19
20
21
22
23
24
25
26
-1,637
-15
—1 637
5
-3
6
2
16
(*)
- 9 , 9 1 3 -29,725 - 6 , 8 5 7 - 7 , 5 9 4 - 7 , 7 6 5 - 7 , 5 0 9 - 7 , 7 6 3 - 8 , 1 4 8
- 7 , 1 9 6 -24,542 - 5 , 7 5 3 - 6 , 2 7 6 - 6 , 3 8 4 - 6 , 1 2 9 - 6 , 2 6 9 - 6 , 5 6 9
-950
-245
-236
-75
-222
-249
-235
-246
-155
-46
-51
-920
-17
-49
-43
-19
-118
-33
-33
-57
-30
-40
-15
-24
-401
-428
-227 -1,497
-346
-375
-374
-390
66
17
19
-2
15
15
20
23
-15
-3
-72
-232
-19
-19
-18
-19
-17
-18
-43
-100
-11
-11
-10
-13
-9
-9
—1,637
9
-12
20
(*)
U P
71
-18
115
-2,008
-11
2,062
1,912
1,853
174
99
75
123
26
98
(17)
(17)
49
- 3 | 14
-14
222
163
59
(17)
94
69
(17)
-17
n.a. {
X
4,225 - 7 , 5 1 4
-6,036
-654
1,476
1,321
1,254
-345
2,363
2,211
2,154
245
2,734
2,586
2,514
927
753
174
202
-44
203
312
264
48
(17)
30
-54
66
3,784 - 3 , 8 6 8
-11,582
-11,466
-11,538
-11,538
-3,127
-3,092
-3,107
-3,107
266
216
49
(17)
163
108
56
(17)
100
47
-30
-1
57
(17)
187
165
21
(17)
-201
-251
50
(17)
102
138
6 | 14 - 2 3
33
359
257
102
(17)
2,803
4,786
7,131
74
75
-3,211 -3,044 -2,200
-3,291 -2,966 -2,116
2 983 - 2 , 1 3 7
-3,311
-2,137
- 3 , 3 1 1 -2,983
-2,050
-2,071
- 2 , 085
-2,085
-2,461
-2,582
-2,596
-2,596
76
77
78
79
4,559
291
September 1979
SUEVEY OF CURRENT BUSINESS
46
Table 10.—U.S. International
[Millions
Australia, New Zealand, and South Africa
(Credits -f; debits - ) i
Line
II
Exports of goods a n d services 2
Merchandise, adjusted, excluding military
3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from, affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates.
Reinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts..
1979
1978
1978
III
IV
6,874
4,210
207
208
126
193
243
46
138
3
1,387
865
23
32
22
33
55
10
32
1
1,752
1,057
41
68
42
49
62
11
33
1
1,662
1,040
74
58
36
57
58
12
36
1
2,073
1,248
70
50
26
53
68
13
1,875
1,177
54
45
29
48
57
13
2,173
1,336
44
88
66
54
64
13
35
1
1,150
692
457
332
19
253
169
84
58
3
287
192
95
94
7
222
109
113
66
3
387
222
165
114
6
341
176
165
73
4
355
185
170
112
6
-5,017
-4,440
-28
-150
-128
-97
-2
-1
-35
-37
-1,056
-904
-5
-45
-41
-22
(*)
(*)
-9
-1,179
-1,051
-7
-24
-29
-23
(*)
-1,559
-1,381
-8
-62
-26
-27
1,398
1,229
-7
-50
-41
-28
1,622
1,466
-8
-30
-31
-31
(*)~X
-9
-9
-9
-7
-14
-10
-20
11
-49
-42
-2
-3
2
-11
-9
-1
-6
4
-12
-11
5
-2
7
-12
-11
-11
-9
-2
-14
-11
5
-13
-9
-7
1
-13
-14
-10
-10
-10
-11
-2
-8
-2
-8
-2
-6
-78
139
-305
Transfers ^f goods a n d services u n d e r U . S . military grant programs, netImports of goods a n d services
Merchandise, adjusted, excluding m i l i t a r y 3
Direct defense expenditures
Travel
Passenger fares
Other transportation
Fees a n d royalties to affiliated foreigners
Fees a n d royalties to unaffiliated foreigners
Private p a y m e n t s for other services
U.S. G o v e r n m s n t p a y m e n t s for miscellaneous services
P a y m e n t s of income on foreign assets in t h e United States:
Direct investment
Interest, dividends, a n d earnings of unincorporated affiliatesReinvested earnings of incorporated affiliates
Other private p a y m e n t s
U . S . Government p a y m e n t s
C)
-9
-11
-1,224
-1,104
-8
-19
-32
-25
(*)
C)
U.S. military grants of goods a n d services, net
Unilateral transfers (excluding military grants of goods a n d services), net
U.S. Government grants (excluding military grants of goods and services).
U.S. Government pensions and other transfers
Private remittances and other transfers...
U.S. assets a b r o a d , net (increase/capital outflow (—))
-38
-10
-27
-906
-204
-3
-7 •
2
-5
-416
U.S. officialreserveassets.net4
Gold
Special drawing rights
Reserve position in the International Monetary Fund..
Foreign currencies..
_
U . S . G o v e r n m e n t assets, other t h a n official reserve assets, n e t
U.S. loans a n d other long-term assets
R e p a y m e n t s on U . S . loans 5
U.S. foreign currency holdings a n d U . S . short-term assets, n e t —
U.S. private assets, net
Direct i n v e s t m e n t
._
E q u i t y a n d intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported b y U.S. n o n b a n k i n g concerns:
Long-term
Short-term
U . S . claims reported b y U . S . b a n k s , not included elsewhere:
Long-term
_.
Short-term.. _
Foreign assets in the United States, net (increase/capital inflow (+)).
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities 6
Other.
Other U.S. Government liabilities 8.
U.S. liabilities reported by 9
U.S. banks, not included elsewhere
Other foreign official assets
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities.
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term.
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
Short-term
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed) _..
Memoranda:
Balance on merchandise trade (lines 2 and 18) 10
Balance on goods and services (lines 1 and 17)
Balance on goods, services and remittances (lines 77, 35, and 36).
Balance on current account (lines 77 and 33) i°
See footnotes on page 41.
-23
-23
3
-3
5
-1
-941
-812
-355
-457
-174
(*)
-207
-139
-55
-84
3
-13
15 58
12
-86
-71
26
-3
-6
6
11
-3
11
15
-1
15
3
-10
11
-1
-441
-246
-151
-95
-177
-3
-205
-143
-30
-113
-11
3
-89
-285
-119
-165
11
1
124
-92
73
-165
-3
2
-285
-287
-117
-170
7
-1
-14
36
-11
48
10
1
-12
14 4
n.a.
15-61
15 196
«216
-334
-51
157
(*)
15-3
176
07)
(17)
138
(17)
-25
36
13
(17)
(17)
65
76
-11
(17)
4
6
-2
07)
137
(17)
70
27
07)
15-4
5
9
-4
16
23
(17)_
41
39
2
4
-5
(17)
1
2
-1
(17)
2
1
-2
13
1
-23
-4
10
1 49
7
1 -299
7
17 - 1 1 2
114
-376
-762
-374
-64
-133
514
504
504
-52
477
-130
551
513
543
-4
25
-1
25
1 -245
7
1U17
-842
-295
-286
-230
1,857
1,819
1,819
-39
331
324
324
574
564
564
427
427
n.a.
1*44
17 107
466
17 97
SURVEY OF CURRENT BUSINESS
September 1979
47
Transactions, by Area—Continued
of dollars]
International organizations and unallocated 13
Other countries in Asia and Africa
1978
1979
I
II
45,216
28,179
6,198
457
237
1,404
520
01
1,323
105
10,252
0,140
1,638
75
45
295
120
14
305
39
11,535
7,254
1,648
125
51
390
122
15
323
36
4,063
3,251
812
1,710
839
1,025
819
206
367
183
956
794
162
382
233
1978
IV
I'
11,563
7,097
1,734
161
87
387
107
16
342
40
11,867
7,688
1,179
90
54
392
166
17
354
49
12,437
7,744
1,571
109
07
390
134
17
351
34
12,694
8,085
1,252
158
79
428
105
16
343
47
2,712
991
720
271
434
169
1,091
917
174
528
254
1,132
939
193
655
233
1,286
1,053
233
650
243
III
Line
1979
1978
1978
I
IV
III
II
692
680
687
I'
11,
653
766
752
1
1,230
71
328
14
294
13
311
13
298
32
303
18
317
25
448
69
104
15
109
10
115
19
120
19
125
19
128
18
2
4
5
0
7
8
9
10
345
180
165
429
112
85
53
32
138
9
85
27
58
80
84
70
25
51
130
11
99
74
25
75
9
150
46
104
135
4
211
83
128
72
-5
11
12
13
14
15
17
18
19
8
8
(*)
10
196
67
46
30
54
21
43
-58,830
-51,363
-2,118
-752
-153
-933
-4
-1
-152
-355
-14,033
-12,329
-500
-173
-32
-217
(*)
(*)
-37
-78
-14,187
-12,348
-513
-194
-37
-235
-2
(*)
-37
-85
-15,427
-13,550
-520
-204
-42
-240
-1
(*)
-39
-93
-15,182
-13,136
-579
-181
-42
-241
-2
(*)
-40
-100
-15,466
-13,479
-604
-160
-35
-250
1
-17,021
-14,791
-653
-215
-39
-271
-4
-3,739
-752
-905
-185
-902
-178
-1,033
-283
-898
-106
-905
-222
-1,033
-353
-52
-2,014
-16
-479
-495
-14
-540
-15
-499
-10
-491
-9
-538
-41
-87
-42
-100
-1
-362
-93
-26
-19
-7
-329
-380
-27
-20
-8
-328
-379
-36
-25
-11
-427
-398
-15
-18
4
-416
-381
-44
-35
-9
-476
-385
-89
-71
-19
-1,374
-1,535
(*)
—7
-290
-378
-196
-3,472
-67
C)
-41
20
21
22
23
24
25
20
27
28
29
30
31
C)
(*)
(*)
-84
-55
(*)
-131
(*)
-130
-429
-34
-98
-29
-110
-30
-105
-31
-117
-24
-111
-31
-90
32
-46
-30
-54
-21
-43
-932
-791
-918
-929
-981
-363
-83
-94
-127
-60
-56
-96
33
-81
-92
-125
-58
-54
-94
34
35
36
-2,392
-262
-818
-832
-580
-59
-187
-650
-04
-218
-546
-65
-181
-611
-75
-233
-643
-64
-222
-702
-64
-215
-356
—7
-2
-2
-2
-2
-2
2
-9,107
-2,894
-2,768
-326
-3,120
-1,210
-3,268
5,449
414
46
440
4,549
-1,503
-283
37
5,415
-05
1,249
4,231
308
333
152
-1,228
-72
-10
324
-104
437
-43
195
4,622
—05
1,412
3,275
-1,142
-80
0
-78
38
39
40
41
42
-2,050
-3,824
1,277
-103
-047
-882
298
-005
-1,005
352
-11
-846
-1,083
282
-40
-493
-854
340
15
-790
-1,002
320
-54
-832
-1,180
361
-13
-483
-488
5
-202
-200
3
-02
-02
-35
-30
2
-184
-184
-99
-102
3
-112
-112
43
44
45
40
-0,457
-1,409
-597
-812
-389
-2,247
-1,771
-1,560
-206
-192
-2,103
-900
-744
-102
-1
521
531
802
-271
-163
-2,028
737
911
-174
-35
-421
-1,044
-852
-193
33
-2,430
-1,003
- 1 , 370
-233
23
518
252
417
-105
279
308
272
304
-32
33
-225
-371
-313
-58
153
323
291
342
-51
38
111
59
84
-25
55
-170
-281
-177
-104
103
-99
-117
12
-128
19
47
48
49
50
51
44
-252
27
99
6
-10
-109
u 213
n.a.
-3,197
•5 377
'5-850
1,277
-2,145
| 15-4,451 |
\
527
23
-433
21
-154 J
15 271
1,241
-304
(17)
I5
-366
(17)
-131
885
(17)
8
12
61
74
16
-7
390
-5
-79
1
151
528
-3
-210
7
(*)
(17)
(17)
..-0
15—7
365
-1,192
330
15 I
15-1
-1,040
{
55
-25
'5-3
141
f
1
-15
-11
-4
(17)
(17)
26
J
-356
330
365
-1,192
141
53
43
9
14
« -282
n.a.
17-1,040
1 776
7
17 - 1 , 558
1 -782
7
1 524
7
1 -1,648
7
1 2, 656
7
25,666
6,266
8,039
5,285
6,076
7,313
5,823
-23,184
- 1 3 , 613
- 1 4 , 693
- 1 7 , 086
-6,189
- 3 , 782
- 4 , 028
-4,614
-5,094
- 2 , 652
- 2 , 934
- 3 , 584
-6,453
- 3 , 864
-4,110
-4,655
-5,448
-3,315
- 3 , 623
-4,233
- 5 , 735
-3,029
- 3 , 314
- 3 , 958
- 6 , 706
-4,327
-4,606
- 5 , 308
-356
1
65
54
11
(17)
31
-225
(17)
164
j
5?
53
1
23
16
7
(17)
(
\
r
53
60
-7
148
130
19
}
15-13
2,753
(17)
484
871
n.a.
1
-88
J "-1,115
-1,688
(17)
-1
(17)
268
(17)
-7
-44
-1,040
(17)
(17)
59
259
-25
(17)
-215
56
57
58
59
60
61
62
63
64
65
66
67
68
69
f
n.a. (
{
1 -623
7
-3,703
-752
-1,027
-1,034
- 1 , 390
70
71
(
17-18 1
72
73
17 - 1 , 2 5 1
1 -118
7
17 - 8 2 5
-103
1,232
-4,384
1,612
671
74
75
-178
-215
-217
-309
-283
-354
-355
-480
-106
-246
-248
-306
-222
-153
-155
-209
-353
-268
-269
-364
76
77
78
79
17 337
17 409
-448
-185
-213
-214
-295
SUEVEY OF CUERENT BUSINESS
48
THE CURRENT BUSINESS STATISTICS section, pp. S-l-S-40 of
the SURVEY, has been reorganized. Although the order of subjects within the
S-pages has not changed, all series appear on a different page than previously.
The index to CURRENT BUSINESS STATISTICS, on the inside of the
back cover, lists the new page numbers. All footnotes are now at the end of
the section, beginning on p. S-37. The quarterly National Income and Product
data are no longer carried in the S-pages, but can be found on p. 5.
U. S. GOVERNMENT PRINTING OFFICE : 1979 0 - 299-722
September 1979
CURRENT BUSINESS STATISTICS
THE STATISTICS here update series published in the 1977 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT
BUSINESS. That volume (available from the Superintendent of Documents for $6.25) provides a description of each series, references to sources of earlier figures,
and historical data as follows: For all series, monthly or quarterly, 1973 through 1976 (1966-76 for major quarterly series), annually, 1947-76; for selected
series, monthly or quarterly, 1947-76 (where available).
The sources of the data are given in the 1977 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed
alphabetically on pages 181-182. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources
are provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1976
1977
1978
Annual total
IV
1978
1977
1976
I
II
III
IV
I
II
1979
III
IV
I
II
III
IV
GENERAL BUSINESS INDICATORS—Quarterly Series
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries tf
Nondurable goods industries
fl
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other
Seas. adj. quarterly totals at annual rates:
All industries
Manufacturing
Durable goods industries |f
Nondurable goods industries
fl
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other
rl
X
bil. $..
do....
do....
do....
120.49
52.48
23.68
28.81
135.80
60.16
27.77
32.39
153.82
67.62
31.66
35.96
34.52
15.38
7.27
8.12
29.20
12.52
5.80
6.72
33.73
14.84
6.79
8.06
34.82
15.60
7.17
8.43
38.06
17.19
8.00
9.18
32.35
13.67
6.36
7.31
37.89
16.76
7.79
8.97
38.67
16.89
7.97
8.92
44.91
20.30
9.53
10.77
37.41
15.88
7.53
8.35
42.69
19.08
9.17
9.92
do....
do....
do....
do....
do....
68.01
4.00
2.52
1.30
3.63
75.64
4.50
2.80
1.62
2.51
86.19
4.78
3.32
2.30
2.43
19.14
1.05
0.70
0.35
0.94
16.68
1.02
0.59
0.33
0.61
18.88
1.16
0.67
0.43
0.76
19.21
1.17
0.78
0.39
0.50
20.87
1.15
0.76
0.46
0.63
18.68
1.07
0.71
0.52
0.51
21.13
1.22
0.83
0.60
0.60
21.78
1.24
0.84
0.54
0.62
24.61
1.26
0.94
0.64
0.71
21.53
1.31
0.85
0.65
0.57
24.61
1.36
0.97
0.96
• 0.73
24.05
1.35
1.05
0.69
0.81
26.39
1.40
1.04
0.84
0.85
do....
do....
do....
do....
do....
22.28
18.80
3.47
13.30
20.99
25.80
21.59
4.41
15.45
22.97
29.48
24.79
4.70
18.16
25.71
6.46
5.34
1.12
3.84
5.78
5.55
4.78
0.77
3.30
5.27
6.37
5.34
1.03
3.86
5.64
6.61
5.41
1.20
4.03
5.73
7.28
6.06
1.21
4.26
6.33
6.15
5.27
0.88
3.97
5.76
7.14
6.01
1.13
4.56
6.18
7.43
6.11
1.32
4.68
6.43
8.78
7.40
1.37
4.96
7.34
7.16
6.30
0.86
4.36
6.64
8.36
7.10
1.26
5.10
7.12
8.26
6.93
1.33
9.10
7.61
1.50
do....
do....
do....
do....
125.22
54.44
25.50
28.93
130.16
56.43
26.30
30.13
134.24
59.46
27.26
32.19
140.38
63.02
29.23
33.79
138.11
61.41
28.19
33.22
144.25
61.57
28.72
32.86
150.76
67.20
31.40
35.80
155.41
67.75
32.25
35.50
163.96
73.24
33.99
39.26
165.94
71.56
34.00
37.56
173.48
76.42
36.86
39.56
175.29
78.30
38.03
40.27
179.56
81.95
40.38
41.58
do..
do..
do..
do..
do..
70.78
4.13
2.63
1.41
3.49
73.74
4.24
2.71
1.62
2.96
74.78
4.49
2.57
1.43
2.96
77.36
4.74
3.20
1.69
1.96
76.70
4.50
2.80
1.76
2.32
82.68
4.45
3.35
2.67
2.44
83.56
4.81
3.09
2.08
2.23
87.66
4.99
3.38
2.20
2.47
90.71
4.98
3.49
2.39
2.55
94.38
5.46
4.02
3.35
2.71
97.06
5.31
3.66
3.26
2.79
96.99
5.30
4.13
2.92
3.24
97.61
5.58
3.92
3.15
3.08
do..
do..
do..
do..
do..
23.46
19.49
3.96
14.30
21.36
25.35
21.19
4.16
14.19
22.67
25.29
21.14
4.16
15.32
22.73
26.22
21.90
4.32
16.40
23.14
26.23
22.05
4.18
15.82
23.27
27.92
23.15
4.78
17.07
24.76
28.46
23.83
4.62
18.18
24.71
29.62
24.92
4.70
18.90
26.09
31.73
26.95
4.78
18.46
27.12
32.35
27.70
4.66
18.75
27.73
33.24
28.06
5.18
20.29
28.51
33.26
28.52
4.74
32.79
27.46
5.33
43.69
19.64
9.44
10.20
2
2
11.72
48.13
49.31
22.92
11.39
11.54
2
2
13.41
49.08
U.S. INTERNATIONAL TRANSACTIONS
Quarterly Data Are Seasonally Adjusted
(Credits + ; debits—)
Exports of goods and services (excl. transfers under
military grants)
mil. $..
Merchandise, adjusted, excl. military
do...
Transfers under U.S. military agency sales
contracts
mil. $.,
Receipts of income on U.S. assets abroad
do...
Other services
do...
171,761
114,745
184,592
120,816
220,849
141,884
44,500
29,718
44,850
29,518
46,914
31,075
46,897
30,558
45,935
29,665
49,085
30,811
54,225
35,267
56,222
36,491
61,317
39,315
5,574
29,286
22,156
7,441
32,587
23,750
7,744
43,465
27,758
1,609
7,455
5,718
1,854
7,775
5,703
1,851
8,080
5,908
1,877
8,420
6,042
1,860
8,312
6,098
1,924
9,776
6,574
1,990
10,256
6,712
2,120
10,526
7,085
1,709
12,907
7,386
r
r
64,893 "67,563
41,348 "42,792
r
r
2,036
"1,906
14,115 "15,161
r
p
7,394
7,704
Imports of goods and services
do... -162,159 -194,015 -229,658 -43,137 -47,170 ^48,087 -48,556 -50,207 -54,792 -56,338 -58,216 -60,316 r-63,156 --67,146
Merchandise, adjusted, excl. military
do... -124,051 -151,689 -176,071 -33,315 -37,185 -37,639 -37,996 -38,869 -42,710 -43,174 -44,503 ^45,684 M7.463 "^50,508
Direct defense expenditures
do...
^4,900
-5,762
-7,252 -1,288
-1,345 -1,444 -1,470 -1,503 -1,680 -1,753 -1,873 -1,948 r -2,002 "-1,998
Payments of income on foreign assets in the
U.S
mil. $. -13,311 -14,598 -21,820 -3,281 -3,192 ^3,519 -3,686 -4,201 ^4,537 -5,402 -5,574 -6,308 r -7,251 "-7,763
Other services
do... -19,896 -21,967 -24,517 -5,253
-5,448 -5,485 -5,404 -5,634 -5,866 -6,009 -6,266 -6,376 r-6,440 "-6,877
Unilateral transfers (excl. military grants), net
mil. $.
U.S. Government grants (excl. military)
do...
Other
do...
U.S. assets abroad, net
do...
U.S. official reserve assets, net
do...
U.S. Gov't assets, other than official reserve
assets, net
mil. $.
U.S. private assets, net
doDirect Investments abroad
do...
-4,998
-3,146
-1,851
-4,670
-2,775
-1,895
-51,269
-2,558
-35,793
-375
-60,957 -16,588
207
732
-4,214
-44,498
-11,949
-3,693
-31,725
-12,898
-4,656 -1,124
-57,033 -15,671
-16,670 -2,682
-5,086
-3,152
-1,934
-1,039
-567
-A72
-1,116
-626
^490
-1,283
^811
^472
-1,683 -12,272
-420
-24
-1,249 -1,023
-564
-774
^459
^475
-6,625 -15,213
112
-43
-1,062
-201
-2,365
-885
-11,363
-3,873
-1,001
-746
-5,736 -14,424
-3,090 -3,570
-1,314
-790
-524
r
-l,322
r
-805
r
-517
-15,188
187
-5,466 -10,049 -30,254
248
182
115
r
-7,637 "-15,468
-3,585
"343
-1,009
-14,366
-4,856
-1,263
-4,451
^4,386
-994
-1,390
-8,774 -29,442
-2,782 -4,646
-1,228
-765
^463
-1,313
-827
-486
-1,233
-770
-463
Foreign assets in the U.S., net
Foreign official assets, net
Other foreign assets, net
Direct investments in the U.S
do...
do...
do...
do...
17,573
18,826
4,347
50,823
36,656
14,167
3,728
63,713
33,758
29,956
6,294
12,278
6,998
5,280
790
2,596
5,491
-2,895
980
14,002
7,720
6,282
965
14,236
8,266
5,970
1,023
19,991
15,179
4,812
761
18,175
15,618
2,557
1,130
941
-5,265
6,206
1,877
15,358
4,641
10,717
2,280
29,239
18,764
10,475
1,008
Allocation of special drawing rights
Statistical discrepancy
do..
do..
10,265
-937
11,139
3,986
2,523
726
-4,703
517
3,947
7,950
-2,082
-9,306
9,603
7,752
4,605
-30,873
-9,423
-11,317
-14,092
-34,187
-8,809
-10,743
-13,895
-3,597
1,363
891
324
-7,667
-2,320
-2,810
-3,436
-6,564
-1,173
-1,645
-2,456
-7,438
-1,659
-2,134
-2,908
-9,204 -11,899
^4,272 -5,707
-4,731 -6,170
-5,295 -6,935
-7,907
-2,113
-2,599
-3,426
-8,012
-1,994
-2,457
-3,227
-6,369
1,001
477
r
r
r
-l,094 "-1,000
-2,958 "-14,811
-5,755 "-7,025
r
l,476
"4,416
-9,391 "-9,515
10,868 "13,931
r
989
"1,978
1,328
merchandise trade
do..
goods and services
do..
goods, services, and remittances .... do..
current account
do..
r
"-1,382
"-897
"-485
r
r
r
r
l,139
4,606
p
12,016
Memoranda:
Balance
Balance
Balance
Balance
on
on
on
on
See footnotes at end of tables.
r
-6,115
r
l,737
r
l,220
r
415
"-7,716
"417
"-68
"-965
S-l
S-2
September 1979
SURVEY OF CURRENT BUSINESS
1977
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1978
Annual
July
Aug.
Sept.
1979
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates: t
Total personal income
bil. $..
Wage and salary disbursements, total
do—
Commodity-producing industries, total.... do—
Manufacturing
do—
Distributive industries
do—
Service industries
do—
Govt. and govt. enterprises
do—
Other labor income
do....
Proprietors' income: t
Farm
do—
Nonfarm
do—
Rental income of persons with capital
consumption adjustment
bil. $..
Dividends
do—
Personal interest income
do—
Transfer payments
do—
Less: Personal contrib. for social insur
do—
Total nonfarm income
do—
FARM INCOME AND MARKETING t
Cash receipts from farming, including Government
payments, total
mil. $..
Farm marketings and CCC loans, total
do—
Crops
do—
Livestock and products, total #
do—
Dairy products
do—
Meat animals
do—
Poultry and eggs
do—
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1967=100..
Crops
do—
Livestock and products
do—
Indexes of volume of farm marketings, unadjusted:
All commodities
1967=100..
Crops
do—
Livestock and products
do....
INDUSTRIAL PRODUCTION H
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
1967=100..
By market groupings:
Products, total
do—
Final products
do....
Consumer goods
do....
Durable consumer goods
do....
Nondurable consumer goods
do—
Equipment
do—
Intermediate products
do—
Materials
do—
By industry groupings:
Mining and utilities
do....
Manufacturing
do—
Nondurable manufactures
do...
Durable manufactures
do...
Seasonally Adjusted
Total index
doBy market groupings:
Products, total
do...
Final products
do...
Consumer goods
doDurable consumer goods
do—
Automotive products
do...
Autos and utility vehicles
do—
Autos
do—
Auto parts and allied goods
doHome goods
do...
Appliances, air cond., and TV
do...
Carpeting and furniture
do...
Nondurable consumer goods
do—
Clothing
doConsumer staples
do...
Consumer foods and tobacco
do—
Nonfood staples
doEquipment
do—
Business equipment
do...
Industrial equipment #
do...
Building and mining equip
doManufacturing equipment
do...
Commercial, transit, farm eq. #
do...
Commercial equipment
do...
Transit equipment
do...
Defense and space equipment
do...
See footnotes at end of tables.
1,531.6
984.0
343.1
266.0
239.1
200.5
201.3
91.8
19.6
80.5
1,717.4 1,730.0 1,741.3 1,756.1 1,781.0 1,801.4 1,826.8 1,834.3 1,851.4 1,872.1 1,880.7 1,891.6 1,905.1 1,929.7 1,938.1
1,103.3 1,109.7 1,115.0 1,125.9 1,141.7 1,154.4 1,166.8 1,177.1 1,188.5 1,202.3 1,205.9 1,210.8 1,220.5 1,229.5 1,233.1
429.4
428.6
432.1 r434.5 rr437.6 rr436.2
402.3
416.7
422.9
391.5
392.6
396.9
408.8
414.7
387.4
328.1
327.4
328.3 rr329.7 r331.9 r330.2
307.6
321.4
324.9
299.3
299.7
303.3
312.9
317.6
298.3
294.0
293.3
295.3
278.3
288.4
290.9
298.8
300.0
301.4
270.5
272.4
274.6
281.2
285.3
269.4
251.9 r254.7 r258.1 rr260.7
244.5
247.0
249.9
251.9
237.7
239.6
240.9
228.7
230.0
231.2
234.5
r
231.6
227.4
229.0
232.1
232.6
233.5
234.8
223.4
224.8
226.0
227.7
217.6
218.7
219.8
217.8
120.3
114.5
117.4
118.9
121.8
123.3 124.9
110.6
111.9
113.2
107.1
108.2
109.3
116.0
106.5
27.5
90.1
25.7
91.7
25.1
92.0
27.5
93.8
30.0
94.3
36.5
95.0
33.0
94.8
34.2
94.8
35.3
94.9
34.3
95.2
33.5
95.5
r
31.0
r
33.4
95.8
r
r
28.4
r
r
27.7
89.1
r
27.5
r
97.2
98.2
24.7
42.1
141.7
208.4
61.3
1,498.1
26.0
27.2
27.1
27.2
27.4
27.1
27.4
26.7
27.1
27.1
27.3
26.9
26.9
25.9
51.9
51.7
52.5
52.6
52.5
52.7
49.6
50.4
51.1
51.7
47.0
48.0
48.5
49.1
47.2
183.3
185.8 187.5 r189.4 191.6 193.4
176.4
178.7
181.0
164.4
167.1
170.0
172.3
174.3
163.3
242.3
244.7 r258.1 r260.8
233.7
236.0
236.7
239.2
243.9
231.5
227.2
228.9
230.1
224.1
228.9
r
r
79.4
79.5 r 79.7
80.2
80.7
80.9
72.3
78.1
78.7
69.9
70.1
71.2
71.8
69.6
70.6
1,674.2 1,687.0 1,699.9 1,715.0 1,737.3 1,754.9 1,773.6 1,784.3 1,800.1 1,819.5 1,828.8 l,840.3 1,853.7 1,880.6 1,891.5
96,889
96,068
48,415
47,653
11,782
27,909
7,207
112,719
110,296
50,591
56,661
12,557
35,607
7,823
7,417
7,342
3,680
3,662
1,058
1,764
791
8,048
7,991
3,257
4,734
1,051
2,910
728
10,457
10,229
5,414
4,815
1,011
3,160
556
13,224
12,949
7,299
5,650
1,016
3,924
666
12,497
12,326
6,992
5,333
1,043
3,527
709
14,338
13,450
5,184
5,223
1,117
3,310
732
10,596
10,471
4,827
5,644
1,190
3,626
791
8,913
8,822
3,747
5,075
1,086
3,240
701
10,123
10,019
4,285
5,734
1,225
3,662
805
9,438
9,126
3,451
5,675
1,215
3,666
749
222
258
195
251
275
232
206
240
180
254
282
233
262
293
238
360
468
278
345
455
262
292
338
257
293
314
278
247
244
250
281
279
282
256
225
279
125
140
114
123
139
111
113
124
104
127
150
110
129
149
114
172
239
124
165
232
117
134
167
110
129
156
110
101
109
95
111
122
104
103
103
103
138.2
146.1
142.9
148.2
153.0
153.4
150.5
147.1
146.6
152.3
154.0
151.1
152.5
156.3
137.9
135.9
145.3
154.0
141.9
123.0
145.1
138.6
144.8
142.2
149.1
159.2
145.1
132.8
154.1
148.3
142.3
139.1
144.1
144.4
143.9
132.3
154.3
143.8
148.0
144.8
152.5
147.6
154.4
134.2
159.9
148.6
153.8
151.6
160.5
166.3
158.2
139.4
162.1
151.7
152.6
150.2
158.4
173.8
152.2
139.1
161.4
154.8
148.0
145.2
150.3
164.3
144.8
138.2
158.1
154.5
142.9
140.0
142.3
150.5
139.0
136.8
153.5
153.5
143.3
141.3
144.8
155.0
140.7
136.6
150.8
151.6
149.4
147.1
151.7
166.5
145.8
140.8
157.8
156.9
150.8
148.7
153.4
169.5
147.0
142.2
158.8
158.8
147.5
144.3
148.3
157.2
144.8
138.8
159.3
156.8
149.3
146.3
150.2
164.7
144.5
141.0
160.1
157.6
154.3
151.6
156.6
166.0
152.8
144.8
164.0
159.6
136.3
138.4
150.5
130.0
141.7
146.8
156.9
139.7
145.5
142.6
152.5
135.7
147.4
148.3
162.8
138.3
144.8
154.1
166.4
145.6
141.9
155.0
165.4
147.9
140.9
151.9
160.8
145.6
145.1
147.3
153.8
142.8
149.0
146.2
152.3
142.0
148.2
152.9
159.7
148.2
142.6
155.6
162.8
150.6
139.5
152.7
161.9
146.3
137.5
154.6
162.5
149.1
138.2
146.1
147.1
148.0
148.6
149.7
151.8
151.5
152.0
153.0
150.8
137.9
135.9
145.3
154.0
175.6
169.3
148.4
191.8
141.9
127.8
155.3
141.9
131.8
144.7
136.5
154.1
123.0
147.8
135.0
188.9
113.4
162.5
197.8
113.5
81.3
144.8
142.2
149.1
159.2
179.9
172.5
148.6
198.5
147.7
133.3
164.2
145.1
131.1
148.9
140.6
158.5
132.8
160.3
145.8
207.3
121.2
177.2
212.0
133.8
86.5
145.6
143.2
149.8
162.1
183.8
176.7
152.7
201.9
150.0
138.8
168.2
144.9
130.4
148.9
141.1
158.0
134.0
161.7
147.0
210.3
121.4
178.8
214.4
134.7
87.5
146.6
144.2
150.6
161.5
183.5
174.9
150.2
205.5
149.2
132.4
167.1
146.3
133.3
149.9
141.9
159.2
135.3
163.4
148.0
209.0
123.2
181.2
215.3
139.2
87.9
146.9
144.5
150.8
160.5
179.5
170.0
144.2
203.7
149.9
136.2
167.9
147.0
135.0
150.3
141.4
160.6
135.9
163.8
147.6
208.4
122.8
182.5
217.6
139.5
89.0
147.5
145.1
151.2
162.6
187.6
181.0
154.7
204.3
148.6
132.3
165.3
146.6
132.6
150.5
141.4
161.1
136.6
164.8
148.1
208.8
123.4
184.1
218.2
143.3
89.3
149.0
146.1
151.5
161.8
186.9
179.2
151.9
206.5
147.7
129.8
164.3
147.3
132.2
151.5
143.2
161.2
138.6
166.8
148.4
206.3
124.5
188.0
218.7
151.0
91.4
149.2
146.1
150.6
160.4
181.4
173.2
145.8
202.2
148.6
124.0
170.7
146.7
130.1
151.3
141.8
162.4
149.9
146.8
151.5
161.1
179.3
170.3
144.9
202.2
150.9
129.8
171.8
147.7
130.7
152.4
142.4
164.0
140.4
169.0
152.5
207.9
129.1
188.1
221.2
146.6
92.4
150.8
148.2
152.9
163.6
186.8
178.8
153.8
207.2
150.6
128.4
173.5
148.6
130.9
153.6
145.1
163.4
141.7
170.8
152.8
205.2
130.3
191.6
224.4
150.5
92.9
148.4
145.4
149.1
151.6
163.0
147.4
128.6
202.7
145.2
115.6
170.7
148.0
127.7
153.7
145.2
163.5
140.4
168.7
150.4
204.2
128.0
189.9
223.0
148.8
92.9
148.0
145.3
151.3
162.9
190.2
185.0
159.7
203.2
147.6
129.1
164.2
146.7
132.4
150.6
141.7
161.0
137.1
165.0
147.6
207.8
123.3
185.0
217.8
145.7
90.3
139.9
168.1
151.4
208.8
127.4
187.4
220.8
146.8
92.4
148.5
151.4
"146.9
143.6
"146.0
"140.3
"148.3
"140.4
"159.0
"151.0
e
150.0
e
146.4
e
150.9
137.9
e
156.0
140.3
163.5
153.6
141.3
158.4
167.5
152.1
"144.5
"148.9
"158.8
-142.0
148.6
152.4
167.3
e
142.0
152.4
152.4
"152.6
150.9
150.3
147.8
152.0
150.1
147.6
151.7
158.5
175.9
167.4
"148.0
197.5
148.8
129.3
170.6
149.0
128.9
154.6
146.2
164.3
142.0
171.6
152.0
r
205.4
130.1
194.2
'226.4
155.6
r
92.3
"149.8
"147.2
"150.9
"155.8
"169.1
"155.2
"141.8
"204.4
"148.4
"129.6
"170.0
"148.9
148.0
145.1
e
147.7
"154.8
"146.7
"164.1
"142.1
"171.6
"152.1
"208.6
"130.1
"194.2
"227.3
153.0
"92.4
154.0
160.5
182.7
176.3
153.1
199.0
148.1
128.4
170.2
148.7
128.6
154.2
145.7
164.1
141.9
171.4
151.8
203.7
130.1
193.9
r
224.9
156.7
92.5
P
147.4
147.5
125.6
118.5
«203.0
147.3
127.2
e
147.9
163.8
141.4
e
170.3
151.2
e
210.0
129.0
192.3
e
227.5
147.5
e
92.9
September 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
S-3
1979
1978
1978
Annual
July
Aug.
Sept.
Nov.
Oct.
Jan.
Dec.
Feb.
Apr.
Mar.
June
May
July
Aug.
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION U—Continued
Seasonally Adjusted—Continued
By market groupings—Continued
Intermediate products
1967=100.
Construction supplies
do...
Business supplies
do...
Materials
do...
Durable goods materials #
do...
Durable consumer parts
do...
Equipment parts
do...
Nondurable goods materials #
do...
Textile, paper, and chemical
do...
Energy materials
do...
145.1
140.6
149.5
138.6
136.1
133.3
147.3
155.6
160.8
123.5
154.1
151.7
156.5
148.3
149.0
140.8
166.5
165.6
171.8
125.3
154.7
152.4
156.9
155.6
153.8
157.4
155.6
153.5
157.7
156.4
154.5
158.4
157.8
156.1
159.6
159.9
158.3
161.5
160.8
159.1
162.5
161.4
159.3
163.6
160.4
157.1
163.8
159.7
156.0
163.2
159.5
156.4
162.5
159.2
156.2
162.3
149.3
150.5
142.3
169.4
164.5
171.3
127.7
150.2
151.9
142.1
168.8
165.3
170.7
127.5
151.2
153.4
145.1
170.7
167.8
174.6
125.6
153.2
155.5
147.0
172.9
168.8
175.3
128.6
154.5
157.0
147.2
176.7
170.2
177.1
129.3
156.2
159.5
148.6
179.2
171.9
178.9
128.8
155.0
158.1
148.5
182.2
171.0
177.5
127.8
155.2
158.0
146.0
184.4
172.4
179.6
127.1
156.3
159.2
145.8
186.8
173.1
180.1
128.7
154.5
155.7
136.9
187.0
173.0
180.7
128.4
155.7
157.9
142.5
188.0
173.8
181.5
127.7
156.0
159.6
142.0
191.0
172.4
180.4
126.9
By industry groupings:
Mining and utilities
Mining
Metal mining
Coal
Oil and gas extraction #
Crude oil
N atural gas
Stone and e a r t h minerals
do..
do..
do..
do..
do..
do..
do..
do..
136.3
118.2
105.5
121.9
118.0
92.3
110.9
124.9
141.7
124.0
121.0
114.7
124.6
96.9
108.6
131.2
143.6
127.1
117.0
133.1
126.6
97.5
109.6
131.4
143.2
126.2
118.0
125.9
126.2
98.0
108.7
132.1
142.6
124.4
115.6
114.0
125.4
98.1
107.2
133.7
144.6
127.9
122.1
141.9
125.5
98.0
107.9
133.6
144.8
128.0
124.3
144.6
124.8
96.8
107.0
133.8
145.0
127.4
123.8
144.7
123.8
96.4
107.1
134.8
143.9
123.8
124.2
115.9
123.0
94.7
109.8
135.9
143.0
120.9
125.3
104.5
120.4
94.2
110.8
135.7
143.5
122.3
126.9
124.0
119.3
95.3
108.3
135.6
143.8
122.7
128.9
130.1
118.6
95.3
108.4
135.3
143.4
122.8
123.1
133.4
118.6
r
93.9
108.9
137.8
142.9
123.5
123.4
137.5
119.0
93.0
"143.3
"124.0
"120.5
"136.6
"120.1
"94.8
137.3
"138.4
do..
do..
156.5
176.8
138.4
150.5
138.8
112.8
134.4
134.2
137.5
127.6
185.7
142.6
232.3
73.6
130.0
73.5
131.2
145.0
145.8
111.1
103.8
124.1
131.0
143.6
145.4
122.2
161.1
156.2
161.4
182.2
162.0
183.2
162.2
183.3
163.0
184.5
163.2
184.7
163.7
185.2
164.7
186.7
166.2
188.4
167.7
189.9
167.1
188.8
167.4
189.0
166.5
186.4
164.4
"164.8
Utilities
Electric
"159.4
"156.8
"162.0
e
"156.9
160.0
"136.1
"193.5
"174.9
"183.0
"127.0
155.3
157.1
130.5
•191.1
e
174.1
182.4
127.9
p
Manufacturing
do..
146.8
147.7
150.7
152.9
152.5
148.6
"153.8
149.6
151.6
153.3
154.5
151.6
153.8
153.8
Nondurable manufactures
do..
156.9
157.2
159.5
161.7
160.7
158.4
"163.3
159.3
160.4
162.0
163.0
161.7
162.8
162.7
Foods
do..
142.7
143.1
143.2
144.7
143.9
143.9
"149.3
143.7
143.7
145.5
147.6
147.0
149.2
150.0
Tobacco products
do..
118.3
118.5
118.2
120.3
119.0
118.8
120.6
116.2
120.0
120.2
118.3
119.1
123.3
Textile mill products
do..
137.5
137.1
137.0
138.6
139.6
140.4
141.6
139.9
141.2
141.5
142.2
"142.8
141.7
142.3
134.2
Apparel products
do..
137.7
132.7
139.6
136.8
135.8
130.3
133.5
130.8
128.2
136.5
136.5
130.2
144.8
142.2
Paper and products
do..
142.1
144.2
145.8
146.7
144.6
146.6
148.7
147.9
148.5
149.0
"152.0
148.0
Printing and publishing
do..
131.5
131.4
131.9
136.8
132.6
132.6
133.7
134.4
135.6
138.2
135.7
136.9
"135.1
137.3
r
Chemicals and products
do..
197.4
198.6
199.3
209.7
201.3
202.7
204.6
207.2
206.5
208.6
207.7
207.8
"209.3
207.4
Petroleum products
do..
145.2
144.1
146.0
142.4
147.6
147.6
150.2
151.3
147.0
146.0
145.4
142.8
"144.8
143.8
r
r
Rubber and plastics products
do..
253.6
260.3
263.4
270.0
260.9
262.3
263.0
263.3
267.4
267.5
265.5
269.1
"271.1
270.4
r
73.8
Leather and products
do..
73.2
73.3
72.3
72.9
72.4
73.4
73.8
74.8
73.4
69.6
70.1
"71.1
72.9
Durable manufactures
do..
139.7
141.1
141.8
147.6
142.9
144.6
145.5
146.8
146.8
147.2
148.6
144.6
147.6
"147.3
r
Ordnance, pvt. and govt
do..
73.7
74.0
75.3
74.1
73.8
74.2
74.2
74.6
74.9
75.8
75.4
75.1
75.1
"75.3
Lumber and products
do..
136.3
136.0
136.1
136.2
138.1
140.1
144.0
137.3
137.2
137.7
137.2
136.7
136.2
"137.2
Furniture and fixtures
do..
155.8
159.5
159.3
160.7
159.9
158.6
161.7
163.1
159.4
159.6
157.6
163.5
159.6
"159.2
Clay, glass, and stone products
do..
157.2
157.6
157.0
159.8
161.3
162.1
167.4
166.9
161.2
163.8
164.0
164.9
162.8
"163.0
Primary metals
do..
119.9
124.9
122.5
127.4
129.4
130.8
123.4
120.4
121.7
121.0
132.1
123.7
124.3
"126.5
Iron and steel
do..
113.2
118.3
116.5
121.3
123.8
124.4
113.3
110.8
115.8
114.3
125.3
116.2
118.1
"118.9
131.9
Nonferrous metals
do..
138.3
132.7
138.0
138.9
141.3
140.9
138.8
131.4
132.6
144.8
137.7
135.6
"144.8
141.6
Fabricated metal products
do..
143.7
142.8
144.2
144.9
145.6
149.1
150.8
148.8
150.3
147.1
150.2
149.4
"149.7
153.6
Nonelectrical machinery
do..
155.5
154.7
156.4
157.5
157.8
161.2
162.9
161.8
164.3
158.1
164.0
164.5
"165.7
159.4
Electrical machinery
do..
161.5
162.5
163.3
164.2
165.2
170.9
173.2
170.6
174.7
167.7
174.2
175.2
"174.5
Transportation equipment
do...
132.5
133.4
134.2
134.9
139.7
142.9
141.2
139.9
141.9
142.1
143.7
131.6
139.4
"135.0
Motor vehicles and parts
do...
169.9
171.5
171.6
171.0
178.9
177.9
173.1
176.3
181.9
182.1
179.7
156.0
169.6
"159.5
Instruments
do...
167.1
167.7
170.3
170.4
170.3
175.2
176.0
174.7
171.3
177.3
176.3
175.8
"175.4
173.1
BUSINESS SALES
Mfg. and trade sales (unadj.), total t
mil. $. 2,696,228 3,049,496 241,021 262,369 262,777 273,215 270,496 276,104 249,764 258,944 294,551 278,866
296,227 275,570
rl
Mfg. and trade sales (seas, adj.), total t
do...
3,049,496 252,728 259,226 260,099 266,724 269,792 272,537 273,304 274,579 285,372 275,936 287,139 283,388 287,496
Manufacturing, total f
do... 11,330,104 r l 1,496,573 123,079 127,029 127,483 130,415 132,082 133,796 135,301 135,962 142,503 134,126 142,288 138,960 140,435
Durable goods industries
do... 696,120 798,057 65,106 67,972 68,476 70,096 71,392 72,637 72,897 73,646 76,855 70,996 75,698 72,629 73,161
Nondurable goods industries
do... 633,985 698,515 57,972 59,057 59,007 60,319 60,689 61,159 62,404 62,316 65,648 63,130 66,590 66,331 67,274
Retail trade, total
do... ^24,020
66,224 67,303 68,085 68,971 70,158 70,918
70,855 71,122 72,045 71,316 71,914 71,803 72,283
Durable goods stores
do... 247,832 277,916 23,049 23,617 23,872 24,422 24,954 25,163 25,250 25,035 25,450 24,614 24,731 24,316 24,389
Nondurable goods stores
do.... 476,188 520,902 43,175 43,686 44,213 44,549 45,204 45,755 45,605 46,087 46,595 46,752 47,183 47,487 47,894
Merchant wholesalers, total
do.... 1642,104 1 754,105 63,425 64,894 64,531 67,338 67,552 67,823 67,148 67,495 70,824 70,444 72,937 72,625 74,778
Durable goods establishments
do.... 285,605 1349,916 29,859 30,043 29,863 30,953 31,498 31,939 31,012 31,769 33,570 32,770 33,354 32,956 34,010
Nondurable goods establishments
do.... 356,498 404,189 33,566 34,851 34,668 36,385 36,054 35,884 36,136 35,726 37,254 37,674 39,583 39,669 40,768
Mfg. and trade sales in constant (1972) dollars
(seas, adj.), total *
bil. $..
157.2
160.3
159.4
161.7
162.3
163.2
161.5
160.5
158.4
162.9
160.5
165.3
159.9
Manufacturing *
do....
74.7
76.6
76.0
77.0
77.4
78.0
77.6
75.2
77.8
78.8
76.5
80.5
76.7
Retail trade *
do....
45.7
46.3
46.5
46.8
47.3
47.8
46.8
46.5
45.9
46.0
45.6
46.8
45.5
Merchant wholesalers *
do....
36.8
37.4
36.9
37.9
37.6
36.7
36.4
37.3
37.6
38.1
38.4
38.0
37.7
BUSINESS INVENTORIES
Mfg. and trade inventories, book value, end of year
or month (unadj.), total t
mil. $. 336,821
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total t
mil. $., 338,099
Manufacturing, total t
do..., 179,981
Durable goods industries
do..., rl 15,552
Nondurable goods industries
do... r646,430
Retail trade, total
do...
90,120
Durable goods stores
do...,
43,414
Nondurable goods stores
do....
46,706
Merchant wholesalers, total
do...
67,998
Durable goods establishments
do...
44,368
Nondurable goods establishments
do...,
23,630
Mfg. and trade inventories in constant(1972)dollars,
end of year or month(seas.adj.),total*
bil. $.,
Manufacturing *
do....
Retail trade *
do....
Merchant wholesalers *
do....
See footnotes at end of tables.
377,428
r
r
r
379,630
r
r
r
198,041 190,783 192,412 193,764 194,500 196,803 198,041 r200,908 r203,642 r205,589 r209,178 r211,085 r214,339 217,080
129,226 123,624 124,952 126,108 126,715 128,422 129,226 131,699 133,994 135,278 137,903 139,502 141,700 143,148
r
r
68,816 r 67,158 r 67,460 r 67,657 r 67,785
68,816 r 69,209 r 69,648 r 70,311 •71,275 r 71,583 r 72,639 73,932
r
359,879
363,048
361,756
r
366,574
r
365,818
r
369,227
r
374,518
r
372,404
r
381,302
r
376,812
r
377,428
379,630
r
r
382,991
r
384,190
r
388,938
r
395,729
r
387,822
r
391,893
r
400,326
r
403,276
r
397,530
r
401,504
r
405,380 409,937
405,966 413,808
100,818
48,161
52,657
96,521
45,704
50,817
97,824
46,116
51,708
98,350
46,444
51,906
99,279 100,483 100,818
47,006 47,555 48,161
52,273 52,928 52,657
80,771
52,460
28,311
75,744
49,414
26,330
76,338
49,972
26,366
77,113
50,160
26,953
78,625
50,948
27,677
79,526
51,625
27,901
80,771
52,460
28,311
81,543
52,490
29,053
83,005
53,773
29,232
84,078
53,937
30,141
84,973
54,408
30,565
85,257
54,542
30,703
85,245
54,542
30,703
88,040
55,853
32,187
245.5
134.8
63.8
46.9
246.8
135.4
64.3
47.0
247.1
135.6
64.4
47.2
247.9
135.5
64.6
47.8
249.1
136.0
65.0
48.1
249.6
136.3
64.8
48.5
251.0
137.4
64.9
48.7
251.4
138.1
64.2
49.1
252.2
138.4
64.4
49.4
253.8
139.5
64.7
49.6
254.7
139.9
65.4
49.4
256.2
141.1
65.8
49.3
259.2
141.9
66.8
50.5
101,739 101,175 102,226 103,379 105,162 106,382 108,688
49,302 49,367 49,583 50,526 51,805 52,518 53,781
52,437 51,808 52,643 52,853 53,357 53,864 54,907
e
159.1
156.9
e
e
e
e
e
144.3
125.8
"e'l45"8
121.0
165.0
151.9
162.7
e
•151.1
135.3
e
144.4
e
75.6
e
124.1
e
148.0
164.9
173.4
e
e
123.4
e
136.0
175.9
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
September 1979
SURVEY OF CURRENT BUSINESS
S-4
1977
1978
Annual
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORY-SALES RATIOS
1.45
1.41
1.44
1.41
1.42
1.40
Manufacturing and trade, total t
ratio.
1.40
1.55
1.49
1.49
1.52
1.51
1.52
1.58
Manufacturing, total f
do...
1.89
1.80
1.79
1.84
1.83
1.83
1.93
Durable goods industries
do...
0.61
0.58
0.57
0.60
0.59
0.60
0.65
Materials and supplies
do...
0.81
0.77
0.77
0.77
0.78
0.78
0.78
Work in process
do0.48
0.45
0.45
0.47
0.47
0.46
0.49
Finished goods
do1.13
1.16
1.15
1.12
1.14
1.14
1.19
Nondurable goods industries
do..
0.44
0.45
0.44
0.43
0.44
0.44
0.48
Materials and supplies
do..
0.18
0.18
0.18
0.18
0.18
0.18
0.19
Work in process
do..
0.52
0.53
0.53
0.51
0.52
0.53
0.53
Finished goods
do..
1.43
1.44
1.44
1.46
1.45
1.44
Retail trade, total
do..
1.40
1.91
1.92
1.97
1.98
1.95
1.95
1.97
Durable goods stores
do..
1.17
1.17
1.15
1.18
1.18
1.17
1.11
Nondurable goods stores
do..
1.18
1.19
1.17
1.19
1.18
1.19
1.21
Merchant wholesalers, total
do....
1.65
1.64
1.67
1.65
1.68
1.66
1.73
Durable goods establishments
do....
0.76
0.78
0.78
0.77
0.78
0.76
Nondurable goods establishments
do....
0.80
Manufacturing and trade in constant (1972) dollars,
1.53
1.54
1.56
1.54
1.55
total *
do....
1.76
1.76
1.81
1.77
1.78
Manufacturing *
do....
1.38
1.38
1.40
1.39
1.39
Retail trade *
do....
1.27
1.29
1.29
1.27
1.30
Merchant wholesalers *
do....
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
6,867
6,940
5,716
76,257
6,033
6,813
66,765
Unadjusted, total
mil. $.
6,847
6,643
6,406
6,932
6,666
Seasonally adj., total
do...
Shipments (not seas, adj.), total t
do... 1,330,104 1,496,573 113,813 125,565 132,627 135,514 131,499
Durable goods industries, total
do... 696,120 798,057 58,902 65,653 71,345 73,238 70,662
3,855
43,888
4,039
4,176
3,581
4,081
35,274
Stone, clay, and glass products
do9,131 10,110 10,643 10,918 10,467
Primary metals
do... 103,340 120,390
5,068
4,678
5,283
5,445
60,533
5,039
51,519
Blast furnaces, steel mills
do...
8,489
7,158
8,637
8,599
96,212
8,393
85,255
Fabricated metal products
doMachinery, except electrical
do... 118,541 137,119 10,370 10,992 12,224 12,312 11,686
8,699
8,967
98,661
7,271
8,273
9,026
85,759
Electrical machinery
do...
Transportation equipment
do... 168,133 188,883 12,873 13,606 16,544 17,858 17,568
8,645
9,141 11,290 12,987 12,532
Motor vehicles and parts
do... 117,758 132,207
2,841
2,390
2,857
31,560
2,716
2,890
28,570
Instruments and related products
do...
633,985 698,515 54,911 59,912 61,282 62,276 60,837
Nondurable goods industries, total
do..
189,993 211,921 16,770 17,947 18,373 18,981 18,547
Food and kindred products
do..
1,014
1,043
10,941
968
939
9,589
821
Tobacco products
do..
3,783
3,990
3,744
43,951
3,100
3,901
40,821
Textile mill products
do..
5,157
5,007
5,061
57,654
4,592
4,966
52,368
Paper and allied products
do..
9,605 10,241 10,914 10,704 10,435
113,891 126,445
Chemical and allied products
do..
8,899
9,074
8,719
9,110
95,656 103,567
8,925
Petroleum and coal products
do..
3,642
3,461
3,001
3,522
36,995
39,930
3,544
Rubber and plastics products
do..
123,079 127,029 127,483 130,415 132,082
Shipments (seas, adj.), total t
do..
By industry group:
65,106 67,972 68,476 70,096 71,392
Durable goods industries, total #
do..
3,891
3,903
3,662
3,746
3,776
Stone, clay, and glass products
do..
9,908 10,370 10,332 10,918 11,034
Primary metals
do..
5,456
5,009
5,567
5,196
5,098
Blast furnaces, steel mills
do..
8,670
8,252
8,214
7,621
8,209
Fabricated metal products
do..
11,376 11,717 11,973 12,318 12,213
Machinery, except electrical
do..
8,558
8,554
8,427
8,532
8,102
Electrical machinery
do..
15,261 15,840 16,248 16,352 17,072
Transportation equipment
do..
10,701 11,031 11,024 11,380 12,004
Motor vehicles and parts
do..
2,754
2,720
2,598
2,710
2,705
Instruments and related products
do..
57,972 59,057 59,007 60,319 60,689
Nondurable goods industries, total #
do..
17,540 17,909 17,767 18,290 18,329
Food and kindred products
do..
993
950
1,006
831
941
Tobacco products
do..
3,693
3,665
3,744
3,707
3,673
Textile mill products
do..
5,099
4,852
5,073
4,868
4,863
Paper and allied products
do..
10,441 10,351 10,489 10,783 10,962
Chemicals and allied products
do..
9,090
9,046
8,972
8,635
8,852
Petroleum and coal products
do..
3,546
3,430
3,483
3,279
3,515
Rubber and plastics products
do..
By market category: t
9,937
9,787
9,976
9,347
9,780
102,713 114,547
Home goods and apparel
do..
242,134 268,237 22,240 22,646 22,566 22,991 23,177
Consumer staples
do..
177,268 203,025 16,795 17,421 18,050 17,851 18,158
Equipment and defense prod., exc. auto .... do..
137,605 153,752 12,395 12,797 12,877 13,540 13,873
Automotive equipment
do..
109,361 130,079 10,674 11,176 11,034 11,410 11,786
Construction materials and supplies
do..
561,024 626,934 51,628 53,209 53,169 54,647 55,150
Other materials and supplies
do..
Supplementary series:
4,425
4,494
4,430
4,348
51,453
4,192
45,015
Household durables
do..
202,190 233,405 19,229 19,925 20,677 20,404 20,710
Capital goods industries
do..
172,014 200,895 16,649 17,235 17,912 17,724 17,972
Nondefense
do..
2,738
2,680
2,690
2,765
32,512
2,581
30,176
Defense
do..
Inventories, end of year or month: t
180,116 197,979 189,434 191,265 191,945 193,459 195,872
Book value (unadjusted), total
do..
114,860 128,405 123,155 124,414 124,973 125,548 127,196
Durable goods industries, total
do..
69,574 66,279 66,851 66,972 67,911 68,676
65,256
Nondurable goods industries, total
do..
179,981 198,041 190,783 192,412 193,764 194,500 196,803
Book value (seasonally adjusted), total t
do..
By industry group:
115,552 129,226 123,624 124,952 126,108 126,715 128,422
Durable goods industries, total #
do..
4,787
4,741
4,704
4,826
4,614
4,684
4,256
Stone, clay, and glass products
do..
17,962 17,333 17,496 17,573 17,651 17,995
17,674
Primary metals
do..
9,828
9,299
9,832
9,379
9,479
9,692
9,108
Blast furnaces, steel mills
do..
16,834 16,279
1,638 16,378 16,657 16,677
14,793
Fabricated metal products
do..
30,925 29,034 29,378 29,705 30,081 30,410
26,300
Machinery, except electrical
do..
17,066 16,714 16,839 17,012 17,003 17,098
15,465
Electrical machinery
do..
24,131 22,936 23,286 23,714 23,458 24,054
21,458
Transportation equipment
do..
7,825
8,179
7,767
8,500
7,844
7,934
8,166
Motor vehicles and parts
do..
6,412
6,292
6,366
6,468
6,157
6,220
5,742
Instruments and related products
do..
See footnotes at end of tables.
1.39
1.48
1.77
0.58
0.76
0.44
1.13
0.44
0.18
0.51
1.42
1.91
1.15
1.19
1.64
0.79
1.41
1.48
1.81
0.58
0.77
0.46
1.53
1.75
1.35
1.31
1.11
0.43
0.17
0.50
1.44
1.95
1.15
1.21
1.69
0.80
1.41
1.50
1.82
0.57
0.78
0.46
1.12
0.44
0.18
0.50
1.42
1.97
1.12
1.23
1.69
0.82
1.37
1.44
1.76
0.62
0.75
0.44
1.07
0.42
0.17
0.48
1.42
1.95
1.13
1.19
1.61
0.81
1.44
1.56
1.94
0.59
0.83
0.49
1.13
0.44
0.18
0.51
1.45
2.05
1.13
1.21
1.65
0.82
1.40
1.48
1.84
0.62
0.79
0.46
1.07
0.42
0.17
0.48
1.46
2.09
1.13
1.17
1.65
0.77
1.43
1.54
1.95
0.59
0.85
0.49
1.10
0.43
0.17
0.50
1.48
2.16
1.13
1.17
1.65
0.77
1.44
1.55
1.96
0.59
0.85
0.49
1.10
0.43
0.17
0.50
1.50
2.21
1.15
1.18
1.64
0.79
1.56
1.76
1.39
1.33
1.57
1.78
1.38
1.35
1.53
1.72
1.38
1.30
1.60
1.86
1.41
1.33
1.56
1.78
1.42
1.30
1.60
1.84
1.45
1.31
1.62
1.86
1.47
1.31
6,702
6,588
7,604
6,806
6,999
7,034
6,919
6,151
6,834
6,430
7,601
7,148
6,650
7,030
6,462
6,640
126,980 124,147 136,570 148,034 137,558 144,304 147,053 130,393
68,389 65,767 73,464 80,920 73,560 77,997 78,976 60,974
4,263
3,942
3,989
4,471
3,147
3,386
3,924
3,389
10,397 10,350 11,653 13,122 11,024 13,055 12,599 11,210
5,604
6,725
6,208
5,277
5,186
5,747
5,001
6,656
8,451
9,939
9,787
8,399
7,933
8,721
8,895
9,620
12,495 11,120 13,078 14,144 13,176 13,251 14,043 11,956
8,107
9,562
8,990
9,851
9,101
8,873
8,695
8,128
15,677 16,522 17,729 19,273 17,090 18,190 17,086 13,197
8,147
12,658 13,424 11,568 12,883 11,567
10,566 11,748
2,762
3,211
3,058
2,943
2,769
2,837
2,741
2,509
58,591 58,380 63,106 67,114 63,998 66,307 68,077 63,714
18,473 17,507 19,037 19,875 18,754 19,268 19,604 18,570
1,127
985
1,040
885
882
952
941
991
3,517
4,077
4,207
3,637
3,973
3,491
3,519
5,373
5,639
5,637
5,770
4,737
5,379
5,464
4,573
10,425 10,782 11,704 13,121 12,476 12,898 13,175 11,505
9,252
9,704 10,015
9,800 10,388 10,909 10,876
9,464
3,452
3,337
3,829
4,145
3,812
3,893
3,923
3,021
133,796 135,301 135,962 142,503 134,126 142,288 138,960 140,435
72,637
3,918
11,471
5,872
9,051
12,487
8,735
16,851
11,936
2,739
61,159
18,813
919
3,608
4,882
11,403
9,328
3,312
72,897
3,731
10,980
5,260
8,762
12,106
8,924
18,411
12,642
2,768
62,404
18,460
1,051
3,877
4,994
11,742
9,333
3,680
73,646
3,678
11,659
5,730
8,877
12,776
8,962
17,523
12,458
2,869
62,316
18,903
936
3,654
5,272
11,416
9,512
3,773
76,855
3,903
12,323
6,244
9,781
13,065
9,275
17,817
12,216
3,009
65,648
19,651
1,008
3,856
5,527
12,225
10,231
3,913
70,996
3,850
10,405
4,808
8,695
12,719
8,835
16,065
10,748
2,873
63,130
18,772
964
3,859
5,412
11,577
9,867
3,635
75,698
4,124
12,372
6,351
9,338
13,058
9,157
17,239
12,123
2,963
66,590
19,418
1,027
3,914
5,613
12,419
10,622
3,809
72,629
4,072
11,494
5,628
9,040
12,902
9,308
15,429
10,345
3,028
66,331
19,296
843
3,984
5,479
12,552
10,757
3,704
73,161
4,035
12,166
6,000
9,026
13,151
9,022
15,173
9,692
3,003
67,274
19,445
1,143
4,182
5,694
12,505
10,769
3,778
9,705
23,541
18,394
13,752
11,937
56,467
9,916
23,524
18,825
14,694
11,442
56,899
9,793
23,805
18,848
14,388
11,601
57,527
10,275
24,763
19,710
14,086
12,591
61,078
9,912
23,840
19,022
12,490
11,913
56,949
10,381
24,686
19,331
13,798
12,429
61,663
10,551
24,480
19,075
11,972
12,319
60,563
10,400
24,809
19,641
11,416
12,441
61,728
4,442
21,059
18,246
2,813
4,392
21,582
18,641
2,941
4,498
21,363
18,612
2,751
4,691
22,525
19,497
3,028
4,563
21,536
18,587
2,949
4,577
21,840
19,036
2,804
4,661
21,791
18,762
3,029
4,643
21,962
19,234
2,728
197,979 202,336 205,426 207,096 210,291 212,123 213,818 215,489
128,405 132,053 135,093 136,660 139,064 140,697 142,041 142,538
69,574 70,283 70,333 70,436 71,227 71,426 71,777 72,951
198,041 200,908 203,642 205,589 209,178 211,085 214,339 217,080
129,226 131,699 133,994 135,278 137,903 139,502 141,700 143,148
5,144
5,372
5,478
5,099
5,322
4,934
5,252
4,826
17,962 17,844 17,907 17,761 18,608 18,191 18,578 18,790
9,823 10,478
9,964 10,260 10,342
9,969
9,852
16,834 17,129 17,484 17,796 18,068 18,195 18,584 18,406
30,925 31,444 31,856 32,509 32,903 33,573 34,120 34,542
17,066 17,654 17,755 18,066 18,228 18,479 18,714 18,964
24,131 24,952 25,891 25,717 26,401 27,125 27,390 27,910
8,761
8,381
8,868
9,070
9,177
8,857
9,163
7,767
7,036
6,790
7,109
6,468
7,212
7,336
7,453
Aug.
September 1979
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
1977
1979
1978
1978
Annual
S-5
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Apr.
May
June
42,615
6,505
8,846
5,049
7,711
57,262
6,342
14,661
8,330
14,512
34,117
5,060
8,349
4,376
3,668
69,648
17,850
3,528
5,728
5,901
15,521
5,139
4,632
43,570
6,602
9,081
5,227
7,719
57,656
6,244
14,985
8,491
14,362
34,052
4,915
8,443
4,348
3,636
70,311
18,119
3,586
5,718
6,045
15,548
5,063
4,707
43,848
6,635
9,069
5,244
7,931
58,995
6,659
15,143
8,622
14,694
35,060
5,314
8,691
4,362
3,776
71,275
18,249
3,575
5,725
6,206
15,919
5,181
4,880
44,504
6,644
9,374
5,363
7,979
59,975
6,485
15,434
8,753
15,205
35,023
5,062
8,765
4,363
3,941
71,583
18,524
3,581
5,666
6,294
15,964
5,063
4,868
44,885
6,751
9,531
5,483
7,657
61,461
6,669
15,620
8,908
15,829
35,354
5,158
8,969
4,323
3,904
72,639
19,106
3,716
5,645
6,344
15,901
5,347
4,870
27,292
10,990
31,366
27,712
10,982
31,617
28,089
11,149
32,037
28,079
11,335
32,256
28,400
11,301
32,904
17,408
26,954
51,941
11,215
17,801
78,323
17,573
27,394
52,542
11,111
17,944
79,025
17,415
27,675
53,318
11,496
18,351
80,923
17,284
28,166
54,447
11,567
18,589
81,032
17,398
28,780
55,632
11,219
18,982
82,328
Feb.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS t—Continued
Inventories, end of year or month t—Continued
Book value (seasonally adjusted) t—Continued
By industry group—Continued
Durable goods industries—Continued
By stage of fabrication: t
Materials and supplies
mil. $
38,719
41,325 39,727 40,343 41,133 40,916 41,228 41,325 42,030
Primary metals
do..
7,141
6,587
6,619
6,394
6,554
6,499
6,647
6,619
6,483
Machinery, except electrical
do..
7,345
8,175
8,743
8,155
8,412
8,680
8,573
8,743
8,796
Electrical machinery
do..
4,520
4,872
4,949
4,873
4,979
4,951
4,937
4,949
5,117
Transportation equipment
do..
6,733
6,763
6,791
6,541
7,122
6,593
6,840
6,791
7,387
Work in process #
do..
46,864
55,484 52,763 53,296 53,375 54,210 54,815 55,484 56,275
Primary metals
do..
5,760
6,363
6,025
5,998
6,155
6,257
6,305
6,363
6,351
Machinery, except electrical
do..
11,803
14,333 13,102 13,374 13,556 13,567 13,919 14,333 14,512
Electrical machinery ...
do..
6,835
7,815
7,557
7,456
7,645
7,707
7,815
8,064
7,894
Transportation equipment
do...
11,655
14,156 13,698 13,722 13,506 13,924 14,079 14,156 14,229
Finished goods #
do...
29,843
32,332 31,340 31,567 31,668 31,658 32,314 32,332 33,394
Primary metals
do..
4,878
5,053
4,934
4,943
4,969
4,995
5,166
5,053
5,010
Machinery, except electrical
do..
7,231
7,961
7,825
7,805
7,739
7,801
7,765
7,961
8,136
Electrical machinery
do...
4,079
4,261
4,431
4,429
4,399
4,301
4,289
4,261
4,473
2,870
Transportation equipment
do...
2,961
2,915
2,771
2,986
2,908
3,097
2,961
3,336
Nondurable goods industries, total #
do...
64,290
68,661 67,337 67,676 67,887 67,951 68,230 68,661 69,209
Food and kindred products
do...
15,575
17,099 16,525 16,674 16,895 17,104 16,956 17,099 17,335
Tobacco products
do..
3,524
3,639
3,385
3,359
3,481
3,544
3,653
3,639
3,651
Textile mill products
do..,
5,294
5,620
5,542
5,554
5,601
5,571
5,632
5,620
5,731
5,622
Paper and allied products
do...
5,868
5,939
5,816
5,855
5,795
5,778
5,868
5,867
14,134
Chemicals and allied products
do...
15,461 15,054 15,182 15,317 15,246 15,269 15,461 15,495
5,992
Petroleum and coal products
do...
5,458
5,530
5,512
5,406
5,503
5,625
5,458
5,380
4,281
Rubber and plastics products
do...
4,580
4,521
4,581
4,561
4,528
4,491
4,580
4,649
By stage of fabrication:
Materials and supplies
do...
25,102
26,538 26,145 26,024 26,108 26,171 26,381 26,538 27,098
Work in process
do...
10,116
10,733 10,348 10,352 10,484 10,754 10,658 10,733 10,839
Finished goods
do...
29,071
31,390 30,844 31,300 31,295 31,026 31,191 31,390 31,272
By market category: t
Home goods and apparel
mil. $.
15,340
16,874 16,707 16,859 16,887 16,618 16,679 16,874 17,332
Consumer staples
do...
23,942
26,429 25,366 25,511 25,919 25,990 26,271 26,429 26,610
Equip, and defense prod., exc. auto
do...
42,836
50,355 47,339 47,790 48,255 48,907 49,229 50,355 51,289
Automotive equipment
do...
10,108
10,106 10,510 10,751 10,066 10,474
9,983 10,689
Construction materials and supplies
do...
14,935
16,963 16,299 16,372 16,503 16,731 16,828 16,963 17,296
72,553
Other materials and supplies
do...
77,198 75,350 75,840 75,748 76,423 77,106 77,198 77,692
Supplementary series:
Household durables
do...
7,771
8,595
8,635
8,574
8,678
8,559
8,595
8,842
8,590
Capital goods industries
do...
46,677
55,326 52,112 52,620 53,007 53,839 54,390 55,326 56,520
Nondefense
do...
40,294
48,155 45,227 45,743 46,907 46,905 47,422 48,155 49,109
Defense
do...
6,383
6,877
6,761
7,171
6,885
6,932
6,968
7,411
7,171
New orders, net (not seas, adj.), total t
do... 2l,354,099 2l,551,160 117,023 129,873 136,129 143,164 136,618 132,396 132,056
Durable goods industries, total
do... 717,537 848,932 61,702 69,713 74,520 80,752 75,518 73,650 73,762
Nondurable goods industries, total
do... 636,562 702,228 55,321 60,160 61,609 62,389 61,100 58,746 58,294
New orders, net (seas, adj.), total t
do... 1,354,099 1,551,160 123,279 130,952 131,840 137,185 137,662 140,356 141,748
By industry group:
Durable goods industries, total
do... 717,537 848,932 65,187 71,582 72,645 76,984 76,654 78,623 79,647
Primary metals
do... 105,968 128,002 10,095 10,876 11,233 11,722 11,092 11,806 13,607
Blast furnaces, steel mills
do...
53,394
65,307
5,151
5,184
5,764
5,709
7,331
5,917
5,527
Nonferrous and other primary met
do...
41,360
49,653
3,850
4,504
4,365
4,827
5,078
4,647
4,318
Fabricated metal products
do...
85,609
98,913
7,524
8,294
8,196
9,527
9,276
8,524
8,804
Machinery, except electrical
do... 122,489 144,166 11,669 11,830 12,708 13,234 13,099 13,273 13,085
Electrical machinery
do...
88,241 103,216
7,902
8,730
8,919
9,285
8,988
8,960
9,611
Transportation equipment
do... 178,617 216,473 15,226 18,516 18,536 20,553 20,916 20,167 20,102
Aircraft, missiles, and parts
do...
42,420
60,110
3,298
5,460
5,412
5,594
6,949
5,928
5,124
Nondurable goods industries, total
do... 636,562 702,228 58,092 59,370 59,195 60,201 61,008 61,733 62,101
Industries with unfilled orders $
do... 139,673 153,795 13,070 13,208 12,866 12,986 13,273 13,184 14,074
Industries without unfilled orders jj
do... 496,889 548,433 45,022 46,162 46,329 47,215 47,735 48,549 48,027
By market category: t
Home goods and apparel
do... 103,442 114,499
9,177
9,955
9,938
9,808
9,797
9,704 10,122
Consumer staples
do... 244,051 270,832 22,350 22,840 22,626 23,211 23,446 23,933 23,523
Equip, and defense prod., excl. auto
do... 186,752 229,717 16,204 19,485 20,281 21,709 21,165 21,402 20,136
Automotive equipment
do... 138,805 155,810 12,209 13,000 13,132 13,947 14,261 14,281 14,964
Construction materials and supplies
do... 110,261 131,327 10,437 10,986 10,714 11,640 11,551 12,428 11,560
Other materials and supplies
do... 570,788 648,975 52,902 54,686 55,149 56,870 57,442 58,608 61,443
Supplementary series:
Household durables
do...
45,733
51,408
4,039
4,563
4,456
4,295
4,320
4,446
4,596
Capital goods industries
do... 216,849 268,762 19,355 22,701 23,667 25,455 25,234 25,091 24,191
Nondefense
do... 182,413 225,770 17,074 19,344 20,149 22,219 20,575 20,790 21,410
Defense
do...
34,436
42,992
3,357
2,281
3,518
3,236
4,659
4,301
2,781
Unfilled orders, end of year or month (unadjusted),
total t
mil. $., 193,029 240,483 217,738 221,444 224,149 231,261 235,753 240,483 245,032
* Durable goods industries, total
do... 184,482 230,324 207,714 211,434 214,067 221,233 225,619 230,324 234,957
Nondur. goods ind. with unfilled orders $
do...
8,547
10,159 10,024 10,010 10,082 10,028 10,134 10,159 10,075
Unfilled orders, end of year or month (seasonally
adjusted) total t
mil. $., 193,659 241,025 216,922 219,999 223,921 230,464 235,704 241,025 245,113
By industry group:
Durable goods industries, total #
do... 184,834 230,554 207,026 209,922 213,650 220,341 225,361 230,554 234,943
Primary metals
do...
18,513
26,216 23,232 23,760 24,753 25,612 25,834 26,216 29,366
Blast furnaces, steel mills
do...,
11,852
16,662 15,464 15,583 16,193 16,576 16,829 16,662 19,250
Nonferrous and other primary met
do....
5,350
7,450
6,184
6,421
6,750
7,450
7,143
6,997
7,928
Fabricated metal products
do....
23,203
26,005 24,941 24,993 24,990 25,361 25,526 26,005 26,609
Machinery, except electrical
do...
47,221
53,039 50,268 50,266 50,912 51,776 52,558 53,039 54,019
Electrical machinery
do....
25,833
30,413 28,358 28,594 29,006 29,466 29,910 30,413 31,115
Transportation equipment
do....
60,527
83,994 69,745 71,938 73,733 77,612 81,052 83,994 82,605
Aircraft, missiles, and parts
do....
41,275
59,613 48,751 50,650 51,964 54,210 57,397 59,613 57,313
Nondur. goods ind. with unfilled orders t •• do....
8,825
10,471
9,896 10,077 10,271 10,123 10,343 10,471 10,170
By market category: t
Home goods, apparel, consumer staples
do....
4,091
4,025
4,396
4,266
4,482
4,270
4,098
4,025
4,316
Equip, and defense prod., incl. auto
do.... 110,488 137,784 122,938 124,857 127,137 131,291 134,544 137,784 136,260
Construction materials and supplies
do....
20,043 20,102 19,888 19,539 19,800 19,621 20,043 20,314
18,765
Other materials and supplies
do....
79,173 69,616 70,858 72,763 75,103 77,441 79,173 84,223
60,315
Supplementary series:
Household durables
do....
3,389
3,299
3,431
3,546
3,649
3,442
3,326
3,299
3,552
Capital goods industries
do.... 120,899 150,853 134,172 136,464 138,841 143,550 147,595 150,853 150,408
Nondefense
do....
85,893 107,041 95,021 96,767 98,560 102,795 105,088 107,041 106,999
Defense
do....
35,006
43,812 39,151 39,697 40,281 40,755 42,508 43,812 43,409
See footnotes at end of tables.
8,777
8,756
8,828
8,793
8,831
57,308 58,139 59,016 60,440
1,710
49,796 50,540 51,442 52,608 53,730
7,574
7,512
7,599
7,832
7,980
145,491 153,972 142,739 144,733 149,476
81,842 86,971 78,341 78,568 81,471
63,649 67,001 64,398 66,165 68,005
144,036 148,586 139,332 143,594 142,269
81,312
13,042
6,873
4,941
9,193
13,401
10,017
21,869
7,340
62,724
13,725
48,999
83,088
13,037
6,833
4,921
10,509
14,988
9,676
20,002
5,547
65,498
17,380
48,118
76,099
11,782
6,040
4,658
9,036
12,772
9,362
18,375
5,712
63,233
13,885
49,348
77,027
11,270
5,219
4,756
9,477
13,140
9,587
18,966
5,343
66,567
15,262
51,305
75,888
11,658
5,476
5,050
8,878
13,380
9,690
17,776
6,236
66,381
15,216
51,165
10,074
23,805
23,273
14,580
11,762
60,542
10,448
24,765
24,011
13,755
13,071
62,536
10,105
23,856
20,359
12,502
12,326
60,184
10,094
24,696
21,392
13,442
12,449
61,521
10,818
24,442
12,128
12,046
62,837
4,724
26,726
4,828
27,079
23,978
3,101
4,744
23,980
20,767
3,213
4,308
24,583
20,965
3,618
4,855
24,318
21,821
2,497
3,858
253,954
265,078 265,506 268,001
243,337 249,393 254,172 254,745 257,239
10,617 10,503 10,906 10,761 10,762
253,187 259,267 264,479 265,782 261,155
242,608 248,839 253,948 255,273 258,526
30,749 31,463 32,840 31,738 31,902
20,393 20,982 22,214 21,082 20,930
8,073
8,282
8,115
8,176
8,445
26,923 27,652 27,996 28,132 27,970
54,644 56,565 56,617
57,174
32,172 32,569 33,096 33,527 33,906
86,952 89,138 91,449 93,177 95,524
61,491 63,199 65,360 67,142
10,579 10,428 10,531 10,509 10,629
4,771
4,596
4,981
4,705
5,001
140,877 144,844 146,194 147,898 148,974
20,475 20,955 21,369 21,388 21,114
87,239 88,697 91,935 91,791 94,066
3,777
4,097
3,915
3,828
4,020
155,769 160,318 162,764 165,506 168,032
111,254 115,730 117,910 119,836 122,894
44,515 44,588 44,854 45,670 45,138
July
Aug.
S-6
September 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
1978
Annual
Aug.
July
Sept.
1979
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
43,486
42,302
46,938
43,623
June
July
Aug.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS t
New incorporations (50 States and Dist. Col.):
Unadjusted
number.
Seasonally adjusted
do...
432,172
477,827
39,245
39,403
42,392
42,605
38,732
41,827
41,022
41,945
37,661
41,568
39,701
42,461
44,745
42,777
37,759
42,048
46,674
42,087
7,919
1,041
1,463
1,122
3,406
887
6,619
773
1,204
1,013
2,889
740
459
60
94
76
181
48
675
73
131
104
308
59
458
38
92
61
215
52
511
60
80
78
233
60
556
63
102
94
235
62
535
59
111
91
217
57
642
81
127
99
269
66
545
46
104
70
265
60
732
79
129
112
307
105
INDUSTRIAL AND COMMERCIAL
FAILURES t
Failures, total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
number.
do...
do...
do...
do...
do...
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
thous. $. 3,095,317 2,356,006 231,821 206,395 127,022 175,342 178,933 196,535 182,220 177,087 187,763
6,373 14,886
358,686 325,681 54,753 32,569
8,732 10,714 12,465 13,448 23,471
do...
420,220 328,378 32,405 39,278 15,263 15,223 25,101 86,734 24,653 19,382 25,790
do...
do... 1,221,122 878,727 59,220 81,522 46,935 45,234 46,192 30,531 71,647 53,497 64,600
482,560 477,450 25,832 40,005 28,943 86,550 39,424 45,841 36,212 72,573 49,314
do...
612,729 345,770 59,611 13,021 27,149 17,621 55,751 19,981 26,237 25,262 33,173
do...
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns.
X
28.4
22.0
29.8
22.6
22.5
25.2
26.4
27.4
24.4
27.9
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
=
1910-14 = 100..
457
525
539
528
542
544
541
556
579
602
615
609
615
610
r
611
586
Crops #
Commercial vegetables
Cotton
Feed grains and hay
Food grains
Fruit
Tobacco
do
do....
do....
do
do....
do
do....
432
498
511
316
275
370
972
458
535
465
320
336
516
1,061
480
537
477
324
336
595
1,038
459
466
485
307
337
564
1,079
461
480
475
302
336
634
1,147
454
468
503
302
343
560
1,110
454
482
516
309
349
483
1,116
461
542
490
319
347
471
1,143
470
638
473
322
346
482
1,134
485
700
458
330
344
519
1,124
482
621
443
334
344
521
1,120
476
541
451
339
350
500
1,135
496
526
469
362
370
545
1,141
524
526
497
380
423
579
1,141
r
539
r
500
r
514
r
394
r
442
r
623
1,105
517
530
498
377
423
572
1,155
Livestock and products #
Dairy products
Meat animals
Poultry and eggs
do....
do....
dodo....
481
594
564
228
595
647
757
242
599
618
767
256
600
642
769
243
625
667
805
247
639
691
828
238
632
709
800
250
656
722
835
261
693
728
904
264
726
728
964
269
754
722
1,018
276
749
709
1,019
265
740
704
1,007
261
700
704
937
246
687
709
916
237
657
728
857
226
591
573
579
638
616
626
642
620
631
643
624
629
650
628
638
655
632
643
658
638
645
664
641
652
676
644
668
688
650
683
706
657
704
714
664
713
719
671
111
722
679
718
r
731
687
726
729
694
721
687
744
749
750
757
761
764
770
796
808
826
837
842
845
r
853
852
66
71
72
70
72
71
71
72
73
75
74
73
73
72
72
69
181.5
195.3
196.7
197.7
199.1
200.7
201.8
202.9
204.7
207.1
209.3
211.8
214.3
216.9
219.4
181.5
195.4
196.7
197.8
199.3
200.9
202.0
202.9
204.7
207.1
209.1
211.5
214.1
216.6
218.9
179 1
178 4
180.3
1913
1912
194.0
192 7
192 0
195.3
193.5
193 3
196.3
194.5
195 1
197.9
195.8
196 7
199.4
196.7
197.8
200.5
197.8
198.6
201.5
199.5
199.8
203.2
201.6
201.8
205.5
203.7
203.8
207.6
206.0
206.3
210.1
208.4
208.9
212.7
210.7
211.8
215.2
212.7
214.2
217.6
do
do....
do....
do
do
do
do....
174 7
178.9
166.5
163 2
165.1
194 3
201.6
187 1
192.0
174.3
173 9
174.7
210 9
219.4
188.6
193.6
174.1
175 3
175.4
2117
220.4
189.3
194.4
175.4
175 9
176.3
213.4
222.2
190.5
195.4
177.1
177 2
177.8
215.6
224.6
191.8
196.6
178.1
178 8
179.1
217.6
226.7
192.9
197.5
179.1
180.0
180.3
218.6
227.8
194.2
198.8
180.0
181.2
181.3
219.2
228.2
195.8
201.0
180.3
182.0
181.9
221.1
230.4
198.3
204.0
182.2
183.6
183.7
223.3
232.9
200.5
206.9
185.7
184.9
185.9
225.1
235.0
203.3
209.9
189.6
187.2
188.9
227.0
237.1
205.8
212.8
193.2
189.2
191.6
229.5
239.8
208.4
215.7
197.6
191.1
194.7
232.1
242.6
210.5
218.3
201.1
192.6
197.0
234.7
245.6
Food #
Food at home *
do
do....
192 2
190.2
2114
210.2
215 0
214.7
215.4
214.5
215.6
214.1
216.8
215.4
217.8
216.1
219.4
217.9
223.9
223.1
228.2
228.0
230.4
229.9
232.3
231.7
234.3
233.4
235.4
234.2
236.9
235.5
Housing
Shelter #
Rent
Homeownership
Fuel and utilities #
Fuel oil and coal
Gas (piped) and electricity
Houshold furnishings and operation
do
do....
do
do....
do
do
do....
do....
186 5
191.1
153.5
204.9
202.2
283 4
213.4
167.5
202 8
210.4
164.0
227.2
4
216.0
8
298 3
232.6
2
177.7
203 8
211.3
164.2
228.3
218.0
294 5
237.2
178.1
205 2
213.3
165.1
230.6
218.1
294.2
236.9
178.9
207 5
216.2
166.4
234.2
218.8
295.7
237.9
180.5
209.5
218.6
167.4
237.0
220.1
300.1
240.0
181.9
210.6
220.1
168.5
238.8
218.5
306.1
234.9
183.0
211.5
221.0
169.5
239.5
219.9
311.8
236.2
184.0
213.1
222.8
170.3
241.6
221.5
316.4
239.5
184.8
215.6
225.9
171.0
245.6
223.3
326.1
241.2
186.0
217.6
228.0
171.3
248.2
225.9
339.5
244.0
187.4
219.8
230.7
172.0
251.7
227.5
349.8
245.3
188.6
222.4
233.5
173.8
254.9
232.2
364.3
251.6
189.2
225.5
236.7
174.7
258.8
239.0
391.2
259.9
190.1
228.4
240.1
175.9
263.0
243.5
412.9
264.5
190.4
Apparel and upkeep
TransDortation
Private
New cars
Used cars
Public
Medical care
do....
do
do .
do....
do
do....
do
154.2
177.2
176 6
142.9
182 8
182.4
202.4
159.6
185.5
185 0
153.8
186 5
187.8
219.4
158.0
187.2
186.8
153.9
195 9
187.7
219.4
159.6
188.1
187.7
153.8
196.7
187.6
221.4
161.9
188.7
188.3
153.5
195.9
188.2
222.6
163.3
189.7
189.4
155.5
195.4
189.3
224.7
164.1
191.4
191.1
158.5
194.7
189.7
227.0
163.2
192.6
192.5
159.8
194.0
189.1
227.8
160.7
193.9
193.8
161.2
193.6
190.0
230.7
161.4
195.6
195.5
162.3
193.4
190.7
232.6
164.3
198.1
198.1
162.7
195.4
191.5
233.9
165.4
202.9
203.2
164.3
200.0
192.6
235.1
166.1
207.7
208.1
165.8
205.4
193.3
236.3
165.7
212.6
213.3
166.3
208.9
194.0
237.7
164.3
216.6
217.4
166.7
209.2
197.1
239.9
All items, percent change from previous montl
Commodities
1967== 100..
do .
Commodities less food
do....
Food
do
Food at home
0.6
187.7
174 7
213.7
212.7
0.6
188.7
175.7
214.6
213.2
0.9
190.2
177.2
216.0
214.5
0.8
191.7
178.5
217.9
216.5
0.6
193.0
179.8
219.2
217.8
0.6
194.6
181.3
221.3
220.1
0.9
196.7
182.9
224.5
223.7
1.2
199.1
184.8
228.1
227.7
1.0
201.3
186.9
230.5
230.0
1.1
203.8
189.4
232.7
232.4
1.1
205.7
191.4
234.3
233.5
1.0
207.7
193.9
234.7
233.2
1.0
209.5
196.3
235.0
233.0
Fuels and utilities
Fuel oil and coal
do
do
218.2
297.0
218.9
297.9
219.6
300.3
221.0
303.2
218.9
306.8
220.0
310.3
220.9
312.3
222.6
320.3
225.1
335.5
227.2
348.1
232.1
364.7
239.1
393.6
243.7
416.2
Prices received, all farm products
Prices paid:
All commodities and services
do
Family living items
do....
Ho
Production items
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100..
Parity ratio §
do
r
CONSUMER PRICES H
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W) 11
1967 - 1 no
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)H
1967== 100..
Special group indexes:
do
All items less shelter
All items less food
do
do....
All items less medical care
Commodities
Nondurables
Nondurables less food
Durables
Commodities less food
Services
Services less rent
2
3
Seasonally Adjusted t
Apparel and upkeep
do
159.2
160.0
160.9
161.7
161.9
161.8
162.2
162.7
165.2
166.0
166.0
165.8
165.6
Transportation
Private
New cars
do
do. .
do....
185 6
185.2
155.5
186.9
186.5
156.2
188.2
187.9
156.9
189.0
188.8
155.3
191.2
191.1
157.0
193.2
193.2
157.3
195.4
195.4
159.1
197.5
197.5
161.0
199.9
200.0
162.1
203.8
204.0
164.3
207.5
207.9
166.1
211.1
211.8
167.0
214.8
215.4
168.4
Services
Ho
212.2
213.8
215.7
217.6
218.7
219.5
220.7
223.1
225.1
227.2
230.1
232.5
235.0
See footnotes at end of tables.
September 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1979
1978
1978
Annual
S-7
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
COMMODITY PRICES—Continued
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
Spot market prices, basic commodities:
22 Commodities
1967=100.
9 Foodstuffs
do...
13 Raw industrials
do...
All commodities
do...
By stage of processing:
Crude materials for further processing
do...
Intermediate materials, supplies, etc
do...
Finished goods #
do...
Finished consumer goods
do...
Capital equipment
do...
By durability of product:
Durable goods
do...
Nondurable goods
do...
Total manufactures
do...
Durable manufactures
do...
Nondurable manufactures
do...
Farm prod., processed foods and feeds
Farm products #
Fruits and vegetables, fresh and dried....
Grains
Live poultry
Livestock
Foods and feeds, processed #
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats, poultry, and fish
1
1
2O8.2
x
210.4
234.1
239.2
'230.6
277.1
254.4
293.8
278.1
256.5
293.9
230.0
231.6
233.1
236.6
238.1
279.9
r
235.8
r
211.4
r
210.2
r
214.0
282.2
237.7
212.4
211.3
214.7
283.0
239.8
213.4
212.4
215.5
287.3
244.2
215.8
215.2
216.9
281.7
247.1
217.3
217.2
217.1
227.2
243.5
229.4
226.2
232.2
228.0
245.5
231.5
227.2
235.5
236.2
241.4
232.6
228.9
234.9
224.7
X
r
243.0
248.7
239.1
251.0
253.1
249.4
252.2
248.3
254.8
250.8
249.1
251.8
255.3
250.9
258.3
268.0
260.2
273.5
277.4
261.8
288.5
210.6
212.4
214.9
215.7
217.5
220.8
224.1
226.7
r
276.6
231.5
209.1
207.9
211.7
194.2
214.3
201.7
180.6
178.9
184.5
209.3
210.7
240.2
377.5
194.6
192.6
199.1
245.4
216.0
196.0
194.6
199.2
240.2
217.3
195.6
193.6
200.0
244.8
218.7
197.1
195.4
201.1
249.2
220.8
199.6
197.5
204.4
248.4
222.0
200.3
197.9
206.1
252.5
223.0
202.5
200.5
207.0
260.2
225.7
205.4
203.7
209.3
270.4
228.5
207.7
206.3
210.8
188.1
198.4
190.1
188.1
191.8
204.9
211.9
204.2
204.7
203.0
205.5
213.9
205.0
205.3
203.9
207.3
212.1
205.7
207.1
203.4
208.2
214.7
207.3
208.0
205.7
210.7
217.3
209.7
210.5
208.0
212.1
217.5
210.7
211.8
208.6
213.0
219.9
212.1
212.8
210.6
216.3
223.4
215.0
215.8
213.4
218.6
227.2
217.2
217.7
215.9
do...
do...
do...
do...
do...
do...
188.8
192.5
192.2
165.0
175.4
173.0
206.7
212.7
218.2
182.5
199.8
220.1
210.3
219.9
252.4
183.8
246.5
226.8
205.3
210.3
215.3
178.9
204.8
216.6
209.4
215.1
208.0
176.9
211.1
226.8
213.2
219.4
214.2
182.0
184.9
235.1
212.3
218.2
207.0
189.0
192.4
222.4
216.2
222.7
221.6
184.7
198.5
230.1
221.0
230.4
233.7
184.4
206.0
247.3
227.2
240.9
263.0
189.3
217.8
266.5
do...
do...
do...
do...
do...
do...
186.1
201.0
173.4
173.4
187.4
182.0
202.6
200.1
190.2
188.4
202.6
217.1
204.2
198.4
191.0
186.1
200.4
224.4
201.8
196.9
192.5
190.8
203.3
215.9
205.5
197.8
191.0
192.9
205.1
224.4
209.0
201.1
193.3
197.0
210.1
228.2
208.2
201.4
196.2
199.6
216.3
220.9
211.8
201.0
196.8
202.8
218.4
229.2
215.2
200.9
197.2
203.5
218.5
240.3
218.9
201.1
199.1
203.2
219.5
248.5
220.5
201.2
200.1
r
204.9
r
219.6
250.6
r
r
221.0
234.0
219.7
219.8
219.0
229.0
242.8
235.7
192.0
217.6
275.8
276.3
251.8
294.5
r
223.9
234.1
223.1
r
222.7
r
222.8
r
r
r
224.2
236.7
224.6
223.2
225.4
r
225.2
238.7
226.1
224.0
227.7
281.2
259.3
297.3
r
279.5
254.3
298.1
231.2
246.0
237.2
198.3
209.4
284.0
230.8
245.2
226.5
210.3
216.3
280.7
229.0
242.8
226.2
218.7
182.9
264.0
232.0
246.8
226.6
247.4
183.8
256.0
227.3
238.5
241.6
229.1
171.9
240.2
222.3
201.5
203.0
207.0
220.4
r
253.0
222.1
205.3
205.0
207.9
221.3
250.4
220.7
208.3
206.4
208.3
221.4
241.6
223.0
213.7
210.5
209.0
223.1
237.7
220.3
215.9
215.1
215.2
224.4
225.5
r
r
do..
195.1
209.4
210.1
211.4
212.5
214.7
216.0
217.2
220.0
222.5
225.4
r
229.0
231.1
233.5
237.2
240.3
Chemicals and allied products #
Agric. chemicals and chem. prod
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Prepared paint
do..
do..
do..
do..
do..
do..
192.8
187.8
223.9
140.5
279.0
182.4
198.8
198.2
225.5
148.1
315.8
192.4
199.8
202.1
225.1
148.5
335.6
192.6
199.5
202.1
201.6
203.4
228.1
150.3
340.0
192.6
202.3
202.3
227.4
152.1
361.2
196.5
202.3
201.9
229.1
153.2
332.9
198.7
205.0
201.7
234.0
155.4
336.1
198.9
207.3
203.1
237.4
156.2
367.9
202.3
209.9
206.3
r
239.7
156.6
398.5
r
202.3
r
215.1
209.8
247.5
157.5
448.7
203.3
217.7
209.6
255.4
157.7
418.3
201.3
218.9
209.1
258.9
159.0
374.1
201.3
224.3
210.4
148.9
312.9
192.6
200.3
202.7
226.4
149.6
338.5
192.6
159.2
381.6
205.3
227.3
213.5
275.6
159.6
376.4
205.3
Fuels and related prod., and power #
Coal
Electric power
Gas fuels
Petroleum products, refined
do..
do..
do..
do..
do..
302.2
389.4
232.9
387.8
308.2
322.5
480.0
250.7
429.1
321.0
324.5
437.1
254.8
430.6
321.1
324.9
441.7
253.6
425.3
323.3
326.7
442.7
252.5
431.4
325.7
328.5
443.9
252.7
429.2
329.4
329.7
442.2
250.3
433.9
331.9
334.3
443.8
250.7
444.6
338.2
338.1
342.5
444.0
251.1
458.1
350.0
350.9
445.3
257.3
471.0
360.3
r
251.0
449.9
343.9
361.5
447.5
260.8
r
477.4
r
378.6
377.3
451.0
266.2
505.4
399.5
393.2
451.6
270.1
519.4
423.4
411.7
452.8
275.0
549.9
449.2
432.5
454.5
279.0
569.0
482.8
Furniture and household durables #
Appliances, household....
Furniture, household
Home electronic equipment
do..
do..
do..
do..
151.5
145.1
162.2
87.7
160.1
152.8
173.4
89.3
161.4
153.5
174.6
90.8
161.8
154.0
175.6
90.8
162.0
154.2
176.1
91.6
162.9
154.5
177.9
91.3
163.5
155.6
178.8
91.5
164.6
155.7
179.3
92.3
166.6
157.0
181.0
92.2
167.9
158.3
181.3
92.3
168.3
158.8
181.8
r
92.3
168.7
158.6
182.6
89.7
168.9
159.1
184.5
89.8
169.3
159.9
185.3
170.1
161.0
185.8
87.7
170.7
161.9
186.2
87.7
Hides, skins, and leather products #
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
do..
do..
do..
do..
do..
do..
179.3
168.7
286.7
201.0
236.3
276.5
200.1
183.2
360.5
238.6
275.9
322.1
197.3
181.7
360.4
224.5
277.5
319.1
205.1
184.0
400.8
251.9
281.6
326.7
210.7
186.0
435.3
269.4
282.8
332.2
213.0
190.7
427.9
269.4
284.2
334.5
215.8
192.2
417.0
278.7
290.0
342.0
216.2
194.3
401.3
279.6
288.6
339.1
223.4
196.4
452.8
292.8
290.2
336.6
232.2
203.0
497.8
309.2
293.9
253.3
209.9
639.6
371.9
300.5
r
350.5
r
215.8
666.9
429.4
302.8
354.8
267.2
219.7
611.0
414.6
299.7
355.1
262.2
222.3
566.5
385.2
300.2
355.2
258.0
225.6
511.9
365.9
304.4
365.2
Machinery and equipment #
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Metalworking machinery and equip
do..
do..
do..
do..
do..
181.7
197.9
213.5
154.1
198.5
196.0
212.8
232.8
164.9
216.9
196.5
212.2
232.8
165.4
216.7
197.5
214.1
234.6
165.8
218.2
198.8
217.8
237.0
166.4
220.3
200.5
218.6
240.4
167.5
223.8
202.7
220.6
242.3
169.6
226.3
203.8
221.9
243.8
170.5
228.2
205.1
222.8
245.5
171.2
230.4
206.5
223.9
247.9
172.8
232.0
r
209.8
225.1
250.6
175.0
r
235.3
210.8
227.0
252.7
176.1
237.2
211.7
228.3
253.1
176.7
238.9
214.2
230.0
256.5
179.3
241.1
215.7
232.4
258.0
181.0
243.2
Metals and metal products #
Heating equipment
Iron and steel
Nonferrous metals
do..
do..
do..
do..
209.0
165.5
230.4
195.4
227.1
174.4
253.5
207.7
227.3
174.4
253.9
205.9
231.0
176.2
258.6
211.1
231.4
176.0
258.5
211.4
234.1
176.9
259.9
217.1
235.5
177.2
261.7
218.2
236.6
179.1
263.2
219.0
241.9
180.1
272.4
223.5
247.3
180.9
274.9
239.2
251.7
183.4
279.9
246.6
r
256.0
183.9
279.8
r
259.6
255.7
185.3
279.0
256.5
257.6
185.7
282.9
256.9
260.6
186.1
286.2
261.5
261.6
187.9
285.9
262.3
Nonmetallic mineral products #
Clay prod., structural, excl. refrac
Concrete products
Gypsum products
Pulp, paper, and allied products
Paper
Rubber and plastics products
Tires and tubes
do...
do...
do...
do...
do...
do...
do...
do...
200.5
179.8
191.8
183.5
186.4
194.3
167.6
169.9
222.8
197.1
214.0
229.1
195.5
206.1
174.7
179.1
224.7
196.6
214.4
234.0
195.5
206.8
174.9
179.9
227.2
197.7
219.7
235.9
195.8
208.0
175.7
180.0
228.2
202.3
221.4
236.0
199.0
210.2
176.7
180.4
229.1
202.4
222.2
236.8
202.4
213.0
178.1
184.5
230.0
204.4
222.9
242.1
203.9
214.0
179.4
187.7
231.1
206.5
224.2
242.7
205.2
214.6
179.7
188.8
238.3
209.7
235.6
247.6
207.0
217.9
180.8
191.5
240.5
210.7
236.4
250.6
208.8
221.2
183.2
194.1
240.8
212.8
237.8
251.0
212.3
r
223.3
185.9
195.0
r
243.4
214.8
239.9
252.2
r
215.0
225.9
188.8
194.8
245.2
215.7
241.2
248.8
215.8
227.5
190.2
195.7
246.8
216.5
243.8
251.3
216.6
227.8
192.8
198.2
249.2
220.3
245.2
251.8
218.1
228.4
195.5
205.4
249.6
222.4
246.4
252.3
221.9
229.6
197.9
210.1
Textile products and apparel
do....
Synthetic fibers
Dec. 1975=100..
Processed yarns and threads
do....
Gray fabrics
do....
Finished fabrics
do....
Apparel
1967 = 100..
Textile house furnishings
do....
154.0
107.3
100.9
104.7
103.7
147.3
171.3
159.7
109.7
102.3
118.6
103.8
152.4
178.6
160.0
108.9
101.9
119.2
103.2
153.0
179.4
160.5
109.1
102.4
120.9
103.4
153.5
179.2
161.3
109.1
103.3
124.2
104.1
153.3
180.3
162.3
109.4
104.0
126.5
104.5
154.1
181.0
163.2
110.6
105.3
126.7
104.8
155.3
180.5
163.6
110.6
104.7
125.9
106.0
155.5
183.4
164.1
113.0
105.3
125.6
103.5
157.4
181.8
164.2
113.5
105.3
123.2
104.1
157.6
186.0
165.2
113.6
107.0
123.1
105.4
158.3
187.4
166.4
115.4
106.0
124.4
105.6
159.3
187.6
166.8
117.6
107.0
124.6
106.6
159.3
188.0
168.1
118.8
108.6
124.7
107.1
160.0
189.3
169.2
119.8
109.5
128.1
107.9
160.1
189.9
170.4
120.9
110.3
128.9
108.9
161.1
190.5
Transportation equipment # ....Dec. 1968=100..
Motor vehicles and equip
1967 = 100..
161.3
163.7
173.4
175.9
172.8
175.5
173.1
175.8
173.6
175.9
179.2
181.8
180.1
182.5
180.5
182.8
182.7
185.0
183.5
185.9
183.8
186.1
186.8
189.4
186.8
189.5
187.1
189.7
188.0
190.4
187.2
189.2
Industrial commodities
r
r
r
r
r
r
207.9
224.8
248.7
173.8
233.0
r
258.9
212.6
642.2
393.6
'304.9
355.1
Seasonally Adjusted t
All commodities, percent change from previous
month
By stage of processing:
Crude materials for further processing 1967=100.
Intermediate materials, supplies, etc
do....
Finished goods #
do....
Finished consumer goods
do....
Food
do....
Finished goods, exc. foods
do....
Durable
do....
Nondurable
do....
Capital equipment
do....
See footnotes at end of tables.
0.4
0.3
0.8
1.1
0.8
0.7
1.3
1.3
1.2
1.2
0.7
0.7
1.5
0.9
241.5
215.4
195.6
193.7
207.4
184.9
168.5
195.5
200.1
241.5
216.8
196.1
194.0
206.6
185.9
169.8
196.3
201.0
245.7
218.2
197.7
195.8
209.7
186.9
171.0
197.2
202.1
252.7
220.8
199.2
197.4
213.1
187.6
169.7
199.3
203.4
255.6
222.6
200.6
198.6
214.7
188.7
169.9
201.1
205.1
257.5
224.2
202.7
201.0
217.3
1.90.9
172.3
203.1
206.4
263.4
226.7
205.3
203.8
221.3
193.1
174.2
205.6
208.5
272.2
229.2
207.6
206.3
225.3
194.8
175.7
207.4
210.3
275.0
231.7
209.6
208.6
227.9
197.0
176.6
210.4
211.5
273.9
r
235.1
r
211.4
r
210.1
r
227.1
199.6
178.2
213.7
r
214.1
276.0
237.0
212.0
210.7
224.0
202.0
179.2
217.1
215.1
277.9
239.1
213.1
211.7
221.3
204.8
180.0
221.4
216.2
282.8
243.6
215.4
214.2
221.3
208.6
181.8
226.4
217.9
283.1
246.5
217.9
217.7
224.0
212.3
182.7
232.3
218.2
S-8
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
September 1979
SURVEY OF CURRENT BUSINESS
1977
1978
July
Annual
1979
1978
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
COMMODITY PRICES—Continued
PRODUCER PRICES—Continued
(U.S. Department of Labor Indexes)—Continued
Seasonally Adjusted
By durability of product:
Total manufactures
1967=100..
Durable manufactures
do....
Nondurable manufactures
do
Farm products
do
Processed foods and feeds
do
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
fl
1967=$1.00..
Consumer prices $
do
204.4
205.5
202 5
216.0
201.7
0.554
0.551
0.514
0.512
205.5
207.3
203 2
210.8
201.9
207.3
208.4
205 3
215.4
204 9
209.7
209.9
208 2
220.3
209.6
211.1
211.8
209 4
223.1
210.5
212.7
213.2
211.4
225.5
212.3
215.4
216.0
214 0
231.8
215.0
217.9
218.0
217 0
239.4
219.1
220.1
219.8
219.7
244.3
222.2
r
222.9
r
222.5
r
222 6
245.1
r
222.8
224.2
223.0
225.2
241.5
221.5
225.6
224.0
226 3
241.1
218.9
228.7
226.4
230 6
242.9
220.3
231.3
227.4
235 3
239.2
220.5
0.510
0.508
0.511
0.506
0.507
0.502
0.501
0.498
0.499
0.495
0.494
0.493
0.487
0.489
0.481
0.483
0.478
0.478
0.473
0.473
0.471
0.467
0.469
0.462
0.463
0.457
0.460
17,183 '19,288
13,782 '15,130 '16,228
7,698 '8,517 '9,227
5,862 '6,453 '7,140
21,214
16,497
9,481
7,419
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE @
New construction (unadjusted), total
mil. $.
Private, total #
do...
Residential
do...
New housing units
do...
Nonresidential buildings, except farm and
public utilities, total #
mil. $.,
Industrial
do....
Commercial
do....
Public utilities:
Telephone and telegraph
do....
Public, total #
do....
Buildings (excluding military) #
do..
Housing and redevelopment
do..
Industrial
do..
Military facilities
do..
Highways and streets
do..
New construction (seasonally adjusted at annual
rates), total
bil. $
Private, total #
do..
Residential
do..
New housing units
do..
Nonresidential buildings, except farm and
public utilities, total #
bil. $
Industrial
do..
Commercial
do..
Public utilities:
Telephone and telegraph
do..
Public, total #
do..
Buildings (excluding military) #
do..
Housing and redevelopment
do..
Industrial
do..
Military facilities
do..
Highways and streets
do..
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F.W. Dodge
Division, McGraw-Hill):
Valuation, total
mil. $..
Index (mo. data seas, adj.) #
1972=100..
Public ownership
mil. $..
Private ownership
do....
By type of building:
Nonresidential
do....
Residential
do....
Non-building construction
do....
New construction planning
(Engineering News-Record) §
do....
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
thous..
Inside SMSA's
do....
Privately owned
do....
One-family structures
do....
Seasonally adjusted at annual rates:
Total privately owned @@
do....
One-family structures @ @
do....
New private housing units authorized by building
permits (16,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous.
One-family structures
do...
Manufacturers' shipments of mobile homes
(Manufacfactured Housing Institute):
Unadjusted
thous.
Seasonally adjusted at annual rates
do...
See footnotes at end of tables.
174,000
135,826
80,956
65,749
206,224
160,403
93,425
75,808
19,608
15,023
9,153
7,384
20,540
15,561
9,321
7,560
20,320
15,370
9,110
7,467
20,208
15,453
8,841
7,361
19,191
14,910
8,470
7,096
17,153
13,648
7,315
5,978
14,003
11,183
6,097
4,857
13,436
10,914
5,865
4,675
15,839
12,870
6,875
5,435
28,695
7,712
14,783
36,293
10,994
18,565
3,299
1,006
1,691
3,458
1,079
1,752
3,511
1,125
1,769
3,658
1,158
1,884
3,552
1,111
1,824
3,368
1,152
1,654
2,811
933
1,397
2,793
958
1,361
3,328
1,192
1,586
3,423
1,145
3,715
1,209
1,918
'3,986
'1,247
'2,116
4,105
1,313
2,149
4,345
38,174
12,799
908
1,070
1,429
9,380
5,418
45,821
15,235
1,053
1,183
1,498
10,709
446
4,585
1,458
82
108
132
1,252
530
4,979
1,488
98
111
134
1,484
488
4,950
1,457
113
97
176
1,323
548
4,755
1,407
111
95
102
1,379
502
4,281
1,366
129
96
132
1,055
504
3,506
1,219
104
98
135
375
2,820
1,164
78
96
123
368
352
2,522
1,011
85
91
84
307
483
2,968
1,155
92
108
160
453
3,401
1,204
89
116
120
622
529
4,158
1,333
103
130
136
996
558
'4,441
'1,369
'98
'128
137
'1,118
4,717
1,446
122
124
131
1,211
212.8
164.6
95.6
77.6
215.3
166.5
96.0
77.7
38.6
12.5
19.2
217.8
168.5
95.9
77.6
220.0
170.7
97.5
78.9
223.2
173.8
99.7
80.7
212.2
165.8
93.7
73.6
210.8
169.3
97.7
77.2
216.8
172.8
96.6
75.9
216.8
172.0
96.0
76.0
37.9
11.6
19.2
213.7
165.1
95.8
77.7
38.1
12.0
19.2
39.7
13.0
19.9
40.2
12.9
20.4
40.8
13.5
20.5
39.2
12.7
19.8
38.9
13.4
19.0
43.3
15.2
21.0
42.6
14.0
21.5
223.2
174.8
95.5
'75.7
45.2
14.5
23.6
'224.5
'178.7
'98.0
'77.7
'46.8
14.7
'24.8
5.5
48.2
16.1
0.9
1.4
1.6
10.7
5.7
48.6
16.1
1.0
1.4
1.6
11.6
5.6
48.8
15.9
1.2
1.2
1.8
11.3
5.9
49.3
16.0
1.2
1.1
1.3
11.8
5.6
49.3
15.9
1.4
1.2
1.6
11.6
6.1
49.4
15.9
1.5
1.1
1.6
12.1
5.9
46.4
15.5
1.2
1.2
1.6
10.1
5.4
41.6
14.2
1.2
1.1
1.1
8.9
5.7
44.0
15.3
1.2
1.5
2.0
8.9
5.6
44.8
15.4
1.2
1.4
1.6
9.9
6.1
48.4
15.6
1.2
1.5
1.5
11.7
6.1
'45.8
'15.5
'1.1
'1.4
1.6
'10.3
50.0
16.3
1.4
1.7
1.5
10.4
158,438 '14,791
X
173
174
38,827 r3,557
119,610 11,233
15,597
177
3,857
11,740
13,816
182
3,499
10,317
14,863
193
3,099
11,764
11,557
173
2,867
8,690
10,185
184
2,978
7,207
10,716
181
2,984
7,732
14,166
231
6,595
7,571
13,947
186
3,878
10,069
15,396
202
3,508
11,888
16,425
178
4,947
11,478
15,645
'177
4,448
11,197
14,715
165
4,096
10,619
4,461
'6,823
'3,506
3,945
6,910
4,742
4,572
6,317
2,926
4,141
6,821
3,901
3,532
5,921
2,104
3,096
4,781
2,308
3,952
4,468
2,296
3,412
4,632
6,122
4,227
6,870
2,850
4,260
5,969
5,167
4,553
8,076
3,796
5,056
7,277
3,313
4,510
7,008
3,198
139,723
*154
36,917
102,805
r
230.0
180.0
98.9
77.9
47.0
15.2
24.4
35,086
62,017
42,620
44,373
74,531
39,534
91,702
112,069
9,071
9,756
5,882
9,837
13,209
14,269
9,936
11,752
13,750
11,070
14,357
9,258
7,507
1,989.8
1,377.9
1,987.1
1,450.9
2,023.3
2
833.2
2,020.3
1,433.3
192.3
131.2
192.2
139.3
190.9
()
190.9
140.0
181.1
192.1
158.6
121.4
88.4
84.7
153.3
161.3
189.1
'192.0
'165.2
180.5
124.6
192.1
131.1
158.6
110.4
119.5
81.4
88.2
57.5
84.5
59.3
152.9
109.8
161.0
121.2
189.1
131.2
'191.8
'134.5
'164.4
'118.3
169.4
116.4
2,104
1,455
2,004
1,431
2,024
1,432
2,054
1,436
2,107
1,502
2,074
1,539
1,679
1,139
1,381
953
1,786
1,266
1,745
1,278
1,835
1,226
'1,923
'1,288
'1,791
'1,225
1,783
1,209
1,614
994
3
1,690
3
1,126
1,800
1,183
1,765
1,140
1,716
1,129
1,838
1,184
1,835
1,209
1,789
1,172
1,827
1,268
'1,451
'929
1,425
881
1,621
1,056
1,517
1,036
1,618
1,047
1,639
1,012
'1,528
'1,001
277.0
275.6
20.2
255
28.0
267
24.1
275
25.8
286
22.2
280
17.0
19.1
311
18.6
272
23.4
270
24.6
273
27.6
271
26.1
279
22.4
282
10,343
September 1979
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
1977
1978
1979
1978
July
Annual
S-9
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
1972=100..
197.0
156.5
175.7
176.2
180.0
185.0
186.6
188.0
178.8
183.1
189.9
191.0
191.1
194.8
196.1
American Appraisal Co., The:
2,377
2,287
2,291
2,355
2,401
2,249
2,325
1,998
2,173
2,180
2,207
2,244
2,268
2,254
2,264
2,218
Average, 30 cities
1913=100..
2,483
2,446
2,446
2,477
2,522
2,322
2,388
2,467
2,141
2,348
2,366
2,389
2,430
2,379
2,431
2,374
Atlanta
do....
2,446
2 222
2,359
2,360
2,386
2,488
2,297
2,375
2,065
2,211
2,223
2,298
2,353
2,324
2,331
2,229
New York
do....
2,263
2,500
2,427
2,428
2,460
2,535
2,336
2,449
2,063
2,295
2,312
2,338
2,372
2,332
2,377
2,321
San Francisco
do....
2,071
2,255
2,173
2,173
2,251
2,285
2,121
2,235
1,905
2,087
2,102
2,122
2,157
2,154
2,161
2,111
St. Louis
do....
Boeckh indexes:
Average, 20 cities: @
Apartments, hotels, office buildings 1972=100.
172.3
148.6
165.8
169.3
158.2
158.8
163.8
164.9
160.7
181.5
Commercial and factory buildings
do...
152.8
173.2
178.3
164.3
165.2
170.9
172.2
167.5
Residences
do...
148.5
172.0
173.9
179.2
161.8
162.0
170.8
171.6
166.4
Engineering News-Record:
Building
1967= 100.
228.6
267.5
270.4 x
*273.9
247.7
251.0
256.7
254.8
256.3
257.6
259.0
259.3
259.9
252.3
257.5
254.5
Construction
do240.0
283.9
258.4
262.6
265.4
266.4
267.9
268.7
268.8
277.6
286.0
267.0
263.3
267.4
269.2
265.4
Federal Highway Adm.—Highway construction:
Composite (avg. for year or qtr.)
1967=100..
216.4
277.2
264.9
302.7
296.1
294.9
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted #
1947-49=100..
180.4
Seasonally adjusted
do....
Iron and steel products, unadjusted
do....
147.3
141.3
180.6
162.8
158.6
153.2
173.2
158.8
152.6
173.8
148.4
159.4
Lumber and wood products, unadjusted .... do....
199.8
179.9
205.2
197.8
196.6
177.6
204.8
193.4
181.8
207.2
185.7
198.7
Portland cement, unadjusted
do....
208.7
111.5
193.9
225.2
261.6
289.9
226.4
173.2
301.2
99.5
266.4
REAL ESTATE H
Mortgage applications for new home construction:
FHA net applications
thous. units..
10.9
11.6
8.0
8.3
12.7
11.6
11.5
13.4
11.1
8.6
9.4
12.2
15.2
113.3
118.8
11.1
Seasonally adjusted annual rates
do....
129
147
132
133
148
120
101
145
113
143
140
143
133
122
Requests for VA appraisals
do...
15.4
17.0
15.7
14.6
19.5
19.9
15.5
13.2
14.9
21.4
18.8
19.5
20.4
192.7
211.8
17.7
194
217
231
188
190
207
222
217
238
199
205
215
188
Seasonally adjusted annual rates
do...
187
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
mil. $. 8,840.84 11,139.97 886.60 1,049.48 867.76 1,916.27 905.02 565.36 1,420.67 1,422.09 1,467.69 1,045.24 1,453.98 1,530.82 1,521.04 1,578.30
Vet. Adm.: Face amount §
do... 13,753.02 14,470.40 1,178.68 1,319.00 1,536.24 1,178.75 1,115.62 1,176.51 1,418.91 1,367.36 1,415.68 1,074.90 1,082.49 1,096.35 1,423.50 1,695.20
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $.,
20,173
32,670 26,605 27,869 29,158 30,104 30,975 32,670 32,489 31,738 31,881 33,149 33,802 35,071 36,188 36,922
New mortgage loans of all savings and loan
associations, estimated total
mil. $. 107,368 110,294
9,674
9,031 10,398
5,691
7,707
8,650 10,401 10,939
9,165
8,426
9,305
6,679
9,379
By purpose of loan:
Home construction
do...
20,717
1,981
2,017
1,272
22,495
1,794
1,692
1,811
1,807
1,420
1,702
1,877
2,153 r2,132
1,892
Home purchase
do...
66,060
68,380
6,830
6,077
3,322
5,775
5,117
5,756
6,049
3,961
4,620
5,280
6,547 r7,056
5,981
All other purposes
do..'..
20,591
19,419
1,587
1,580
1,097
1,596
1,617
1,464
1,449
1,298
1,385
1,493
1,701 1,751
1,506
2
Fire losses (on bldgs., contents, etc.)
mil. $..
3,764
3,689
320
302
351
295
311
DOMESTIC TRADE
ADVERTISING
McCann-Erickson national advertising index,
seasonally adjusted:
Combined index
1967=100.
Network TV
do...
Spot TV
doMagazines
do...
Newspapers
do...
Magazine advertising (general and natl. farm
magazines):
Cost, total
mil. $.
Apparel and accessories
do...
Automotive, incl. accessories
do...
Building materials
do...
Drugs and toiletries
do...
Foods, soft drinks, confectionery
do...
Beer, wine, liquors
do...
Houshold equip., supplies, furnishings
do...
Industrial materials
do...
Soaps, cleansers, etc
do...
Smoking materials
do...
All other
do...
Newspaper advertising expenditures (64 cities): t
Total
mil. $..
Automotive
doClassified
do...,
Financial
do...
General
do....
Retail
do...,
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total
mil. $..
Durable goods establishments
do....
Nondurable goods establishments
do...,
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil. $..
Durable goods establishments
do....
Nondurable goods establishments
do....
See footnotes at end of tables.
2 9 9 - 7 2 2 0 - 79 - S2
224
240
252
280
284
216
217
261
292
277
222
244
263
301
279
227
231
268
288
292
239
246
269
299
262
239
268
153.6
5.4
12.9
1.9
13.6
9.9
10.7
7.2
4.0
2.7
15.7
69.7
188.2
3.6
17.2
2.3
19.1
17.8
12.2
5.7
5.0
2.8
19.9
82.6
213.5
7.9
21.5
3.3
22.3
16.2
16.2
9.4
5.8
4.1
19.5
87.2
250.6
11.2
25.0
4.8
25.4
15.2
19.8
13.5
6.0
3.6
22.8
103.3
244.6
7.5
22.3
4.6
27.3
15.5
19.0
15.0
6.3
3.4
21.5
102.1
216.6
5.1
18.0
3.8
26.0
17.9
22.2
10.4
5.5
3.8
22.4
81.2
175.1
r
4.7
15.7
r
2.8
19.3
15.3
18.2
7.2
3.7
2.3
23.2
62.7
590.0
9.1
128.6
19.9
63.7
368.7
532.0
15.4
166.0
21.3
72.9
256.5
549.4
15.4
165.1
14.6
76.0
278.4
639.6
18.2
193.2
20.7
83.4
324.2
684.4
19.7
203.4
23.4
86.9
351.1
682.2
18.2
194.4
18.6
88.7
362.4
641.1
18.0
191.0
21.5
83.3
327.3
600.1
17.2
196.7
25.2
63.8
297.1
67,700
31,038
36,662
64,527
29,340
35,187
63,739
28,284
35,455
61,721
28,141
33,580
74,319
34,689
39,630
70,768
33,429
37,339
76,814
35,723
41,091
r
74,361
r
34,447
r
73,202
33,673
39,529
80,100
50,971
29,129
80,922
51,646
29,276
81,896
51,860
30,036
83,917
53,807
30,110
85,436
54,381
31,055
85,345
54,731
30,614
85,199
55,566
29,633
85,649
56,242
29,407
211
237
229
174
198
241
269
263
209
214
242
267
264
218
209
252
282
254
226
236
247
289
252
221
205
250
284
284
206
218
254
277
283
220
228
256
293
273
220
219
254
279
262
226
241
259
295
1,976.8
68.6
177.1
37.1
201.0
150.3
133.3
110.0
55.0
33.7
194.3
813.0
2,374.2
86.1
227.7
46.3
219.4
186.9
193.3
152.2
58.4
37.4
204.7
965.2
162.9
3.5
17.6
2.1
13.7
14.3
18.6
9.5
3.3
2.5
18.0
59.5
146.9
6.0
13.8
2.4
13.9
13.4
11.3
9.8
3.9
2.8
16.3
53.3
215.9
11.8
12.4
5.1
19.8
16.3
13.8
13.9
5.5
3.3
16.0
100.0
259.5
10.8
29.2
5.6
23.1
18.5
20.0
15.7
6.3
2.9
19.0
108.4
263.5
9.5
26.0
4.4
21.6
24.6
22.8
18.1
5.8
4.0
18.2
108.5
207.8
6.4
16.1
2.7
19.8
16.4
29.3
9.0
4.8
3.0
16.7
83.4
5,696.1
144.5
1,522.5
147.4
752.3
3,129.5
6,643.7
151.0
1,884.5
201.7
826.6
3,579.9
523.2
10.9
172.9
17.1
50.9
271.3
488.7
10.8
162.7
8.6
47.4
259.2
497.9
11.4
158.0
11.8
59.8
257.0
578.1
12.8
174.0
16.2
72.9
302.2
663.6
14.5
155.0
19.9
91.2
382.9
642,104
285,605
356,498
754,105
349,916
404,189
60,651
28,701
31,950
67,702
32,279
35,423
63,931
30,404
33,527
69,086
32,242
36,844
68,555
43,676
24,879
80,922
51,646
29,276
74,874
49,900
24,974
74,943
49,841
25,102
76,074
49,944
26,130
78,715
50,462
28,253
39,914
146.9
6.0
13.8
2.4
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
September 1979
SURVEY OF CURRENT BUSINESS
S-10
1977
1978
1979
1978
Annual
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
r
r
r
r
75,703
26,157
DOMESTIC TRADE—Continued
RETAIL TRADE
All retail stores: t
Estimated sales (unadj.), total t
mil. $.
Durable goods stores #
do...,
Building materials, hardware, garden supply,
and mobile home dealers #
mil. $..
Building materials and supply stores .. do....
Hardware stores
do....
Automotive dealers #
do..
Motor vehicle dealers
do..
Auto and home supply stores
do..
Furniture, home furn., and equip #
do..
Furniture, home furnishings stores
do..
Household appliance, radio, TV
do..
Nondurable goods stores
do..
General merch. group stores
do..
Department stores
do..
Variety stores
do..
Food stores
do...
Grocery stores
do...,
Gasoline service stations
do...,
Apparel and accessory stores #
do...
Men's and boys' clothing
do...,
Women's clothing, spec, stores, furriers do...
Shoe stores
do...,
Eating and drinking places
do...
Drug and proprietary stores
do...
Liquor stores
do...
Mail-order houses (dept. store mdse.) § .. do...
Estimated sales (seas, adj.), total t
do...
Durable goods stores #
do...
Building materials, hardware, garden supply,
and mobile home dealers #
mil. $.
Building materials and supply stores .. do...
Hardware stores
do...
Automotive dealers
do..
Motor vehicle dealers
do..
Auto and home supply stores
do..
Furniture, home furn., and equip. #
do..
Furniture, home furnishings stores
do..
Household appliance, radio, TV
do..
Nondurable goods stores
do..
General merch. group stores
do..
Department stores
do..
Variety stores
do..
Food stores
do..
Grocery stores
do..
Gasoline service stations
do..
Apparel and accessory stores #
do..
Men's and boys' clothing
do..
Women's clothing, spec, stores, furriers do..
Shoe stores
do..
Eating and drinking places
do...
Drug and proprietary stores
do...
Liquor stores
do...
Mail-order houses (dept. store mdse.) § .. do...
Estimated inventories, end of year or month: t
Book value (unadjusted), total
mil. $.
Durable goods stores #
do...
Building materials and supply stores .. do...
Automotive dealers
do...
Furniture, home furn., and equip
do...
Nondurable goods stores #
do...
General merch. group stores
do...
Department stores
do...
Food stores
do...
Apparel and accessory stores
do...
Book value (seas, adj.), total
do...
Durable goods stores #
do...
Building materials and supply stores .. do...
Automotive dealers
do...
Furniture, home furn., and equip
do...
Nondurable goods stores #
do...
General merch. group stores
do...
Department stores
do...
Food stores
do...
Apparel and accessory stores
do...
Firms with 11 or more stores:
Estimated sales (unadjusted), total
mil. $.
Durable goods stores
do...
Auto and home supply stores
do...
Nondurable goods stores #
do..
General merchandise group stores
do..
Department stores
do..
Variety stores
do..
Miscellaneous general stores
do..
See footnotes at end of tables.
247,832
798,818
277,916
66,557
23,932
69,102
24,898
66,219
22,563
68,615
24,596
71,297
24,463
84,597
25,872
61,878
21,100
60,653
21,131
71,998
26,071
70,540
25,649
74,781
27,236
38,641
26,509
6,516
148,444
135,777
12,667
34,761
20,792
10,801
476,188
90,133
72,333
7,602
158,519
147,142
58,231
34,341
7,052
13,106
5,852
63,556
22,918
12,832
6,705
44,125
29,991
6,881
163,668
149,664
13,993
37,430
22,719
10,991
520,902
99,505
79,732
7,809
174,458
161,527
60,884
37,828
7,353
14,660
6,593
70,083
25,337
13,616
7,073
4,074
2,841
585
14,294
13,090
1,204
3,021
1,853
883
42,625
7,497
5,965
605
15,006
13,941
5,283
2,754
508
1,095
467
4,308
3,079
582
14,642
13,385
1,257
3,224
1,999
930
44,204
8,165
6,520
649
14,858
13,781
5,387
3,194
554
1,249
571
6,527
2,109
1,161
588
67,303
23,617
3,809
2,625
580
13,895
12,699
1,196
3,170
1,922
935
43,686
8,361
6,701
4,034
2,861
600
12,733
11,512
1,221
3,138
1,897
930
43,656
8,024
6,468
605
14,942
13,892
5,191
3,236
552
1,310
594
6,134
2,041
1,147
552
68,085
23,872
3,798
2,613
599
14,033
12,791
1,242
3,228
1,978
938
44,213
8,379
6,696
658
14,775
13,587
5,191
3,261
629
1,274
547
5,996
2,158
1,167
593
4,219
2,985
624
14,401
13,118
1,283
3,231
1,973
943
44,019
8,262
6,610
631
14,417
13,295
5,264
3,273
609
1,320
578
6,006
2,106
1,123
776
68,971
24,422
3,911
2,675
609
14,352
13,105
1,247
3,248
1,967
962
44,549
8,394
6,684
660
14,947
13,835
5,222
3,271
636
1,262
568
6,018
2,180
1,158
595
3,918
2,699
632
13,160
12,322
1,288
3,566
2,197
1,034
46,834
9,883
7,908
712
14,834
13,695
5,197
3,675
763
1,396
617
5,775
2,164
1,196
902
70,158
24,954
3,971
2,667
621
14,431
13,179
1,252
3,303
2,003
975
45,204
8,549
6,806
663
15,125
13,960
5,276
3,388
685
1,287
590
6,003
2,240
1,181
598
3,560
2,263
749
12,452
11,169
1,283
4,216
2,290
1,359
58,725
15,784
12,635
1,273
16,690
15,243
5,318
2,873
1,925
496
12,805
11,703
1,102
2,959
1,833
851
40,778
5,946
4,747
476
14,944
13,769
5,059
2,689
561
996
478
5,389
2,139
1,061
439
70,855
25,250
3,956
2,577
667
15,011
13,736
1,275
3,337
2,067
2,708
1,790
452
13,100
12,084
1,016
2,882
1,796
842
39,522
5,925
4,700
483
14,215
13,024
4,898
2,416
462
948
402
5,339
2,058
1,034
374
71,122
25,035
3,676
2,380
608
14,932
13,654
1,278
3,333
2,062
45,605
8,402
6,791
685
15,659
14,358
5,353
3,273
635
1,228
580
6,041
2,278
1,225
604
46,087
8,378
6,708
660
15,639
14,357
5,566
3,214
626
1,234
533
6,274
2,257
1,235
482
3,733
2,427
645
16,207
14,920
1,287
3,318
2,105
941
46,127
7,881
6,304
614
16,238
14,937
5,483
3,154
564
1,236
560
6,373
2,223
1,146
459
72,045
25,450
4,045
2,599
701
14,972
13,688
1,284
3,359
2,107
965
46,595
8,626
6,943
660
15,635
14,349
5,561
3,440
646
1,316
628
6,563
2,234
1,197
443
4,083
2,580
711
15,552
14,208
1,344
3,149
2,015
883
44,891
8,137
6,511
662
15,132
13,811
5,606
3,267
582
1,252
582
6,232
2,222
1,110
404
71,366
24,614
3,946
2,580
711
14,253
12,975
1,278
3,321
2,065
979
46,752
8,627
6,905
704
15,881
14,553
5,715
3,292
594
1,326
573
6,372
2,288
1,221
424
4,707
2,947
809
16,015
14,625
1,390
3,374
2,144
978
47,545
8,685
6,946
674
16,330
15,022
6,070
3,204
586
1,250
587
6,472
2,308
1,197
386
71,914
24,731
4,087
2,699
711
14,107
12,784
1,323
3,391
2,110
1,005
47,183
8,902
7,131
702
15,948
14,699
5,905
3,373
627
1,305
605
6,071
2,315
1,213
424
724,020
88,148
43,170
7,187
21,875
6,808
44,978
15,895
11,932
9,558
7,149
90,120
43,414
7,494
21,594
6,808
46,706
17,376
13,026
9,426
7,478
2,016
1,181
499
66,224
23,049
3,707
2,546
558
13,490
12,337
1,153
3,091
1,883
893
43,175
8,287
6,650
660
14,609
13,574
4,887
3,126
588
1,237
532
5,867
2,102
1,122
598
14,629
13,577
5,082
3,221
614
1,272
543
5,923
2,135
1,151
584
1,293
2,144
823
6,141
3,040
1,675
722
70,918
25,163
4,009
2,727
631
14,558
13,296
1,262
3,307
2,014
956
45,755
8,716
6,897
649
15,284
13,984
5,292
3,376
675
1,313
586
6,184
2,232
1,194
604
98,527
47,888
7,792
25,011
7,133
50,639
17,926
13,638
10,734
7,957
100,818
48,161
8,125
24,690
7,140
52,657
19,622
14,905
10,596
8,332
95,571
45,652
8,016
22,564
7,121
49,919
18,770
14,086
10,082
7,922
96,521
45,704
8,024
22,474
7,215
50,817
19,053
14,447
10,215
8,067
95,548
7,911
20,542
7,241
51,693
19,631
14,686
10,186
8,324
97,824
46,116
7,991
22,673
7,299
51,708
19,401
14,642
10,373
8,217
97,799 102,344 105,330 98,527 98,759 99,595 103,197 104,690 105,926
44,411 46,357 47,798 47,888 49,125 49,755 51,100 52,078 53,206
8,490
8,511
8,115
8,415
7,792
8,225
7,910
7,922
7,891
20,778 22,201 23,396 25,011 25,736 26,141 27,024 27,803 28,933
7,473
7,419
7,141
7,402
7,190
7,133
7,313
7,538
7,441
53,388 55,987 57,532 50,639 49,634 49,840 52,097 52,612 52,720
20,574 21,894 22,452 17,926 17,660 18,094 19,334 19,599 19,818
15,459 16,602 17,113 13,638 13,376 13,654 14,626 14,831 15,002
10,312 10,734 11,008 10,734 10,655 10,588 10,948 11,008 10,834
8,307
8,388
8,221
7,536
7,771
9,271
7,957
9,127
8,767
98,350 99,279 100,818 100,818 101,739 101,175 102,226 103,379 105,135
46,444 47,006 47,555 48,161 49,302 49,367 49,583 50,526 51,766
8,203
8,247
8,047
8,332
8,217
8,154
8,125
7,987
7,986
22,985 23,493 23,849 24,690 25,281 25,330 25,518 26,379 27,634
7,488
7,449
7,492
7,287
7,367
7,176
7,140
7,262
7,248
51,906 52,273 52,928 52,657 52,437 51,808 52,643 52,853 53,369
19,607 19,661 19,877 19,622 19,629 19,448 19,773 19,622 19,881
14,836 14,850 14,933 14,905 14,895 14,745 14,924 14,772 14,972
10,406 10,503 10,595 10,596 10,795 10,738 10,981 11,041 10,856
8,451
8,630
8,147
8,389
8,413
8,332
8,154
8,240
8,305
270,279
20,546
3,146
249,733
88,176
75,308
6,332
6,536
21,611
1,724
267
19,887
6,604
5,649
481
474
22,570
1,782
275
20,788
7,224
6,176
521
527
22,548
1,733
272
20,815
7,111
6,111
497
503
22,848
1,793
284
21,055
7,307
6,232
513
562
25,261
1,950
287
23,311
8,798
7,455
596
747
33,515
2,562
286
30,953
14,095
11,884
1,088
1,123
19,863
1,350
228
18,513
5,219
4,438
388
366
19,144
1,299
221
17,845
5,230
4,454
396
380
23,372
1,679
269
21,693
6,955
5,971
510
474
22,795
1,722
288
21,073
7,190
6,164
540
486
24,157
1,922
292
22,235
7,666
6,571
550
545
74,813
26,622
r
4,817
r
3,148
•798
r
15,049
r
13,600
r
l,449
r
3,559
r
2,203
1,085
r
48,191
r
8,503
r
6,810
r
669
17,051
15,745
r
6,294
r
3,174
615
1,202
r
568
r
6,655
r
2,282
1,320
r
347
r
71,803
r
24,316
r
4,175
r
2,769
r
700
13,363
12,025
1,338
r
3,545
'2,160
1,082
r
47,487
r
8,655
r
6,921
r
693
16,274
15,024
r
6,040
r
3,341
628
1,277
r
598
r
6,139
r
2,296
1,268
r
439
71,975
25,283
r
4,599
3,139
724
14,167
12,794
1,373
r
3,562
2,223
1,070
'46,692
r
7,976
r
6,396
623
16,234
14,970
r
6,362
r
3,030
557
1,166
527
r
6,690
1,329
369
•72,283
r
24,389
r
4,184
2,800
691
13,321
12,002
1,319
r
3,637
2,250
1,091
r
47,894
r
8,846
r
7,162
680
16,240
15,000
r
5,896
r
3,497
655
1,333
608
r
6,241
'2,357
1,289
421
4,733
14,247
3,865
49,546
8,698
7,033
16,998
15,738
6,553
3,509
6,984
2,361
72,786
24,624
4,174
13,365
3,789
48,162
8,815
7,147
16,218
14,989
6,176
3,481
6,264
2,368
SURVEY OF CURRENT BUSINESS
September 1979
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
S-ll
1979
1978
1978
Annual
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Aug.
220.25
220.42
220.61
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Firms with 11 or more stores—Continued
Estimated sales (unadjusted)—Continued
Nondurable goods stores—Continued
Food stores
Grocery stores
Apparel and accessory stores #
Women's clothing, specialty stores,
furriers
Family clothing stores
Shoe stores
mil. $.
do...
do...
92,737
91,700
13,091
7,873
7,790
931
7,683
7,602
1,162
7,985
7,907
1,166
7,574
7,494
1,149
7,929
7,846
1,284
8,985
8,864
2,004
8,026
7,945
804
7,579
7,485
751
8,706
8,609
1,088
7,929
7,820
1,167
8,532
8,438
1,085
mil. $.
do...
do...
5,520
3,029
3,129
13,758
11,971
406
222
212
1,236
22,629
255
6,291
534
7,759
1,103
466
266
990
489
273
280
1,238
978
22,698
261
6,315
535
7,671
1,140
470
268
991
494
254
296
1,171
940
22,833
281
6,320
540
7,699
1,129
470
270
1,002
493
249
278
1,212
974
22,975
276
6,327
537
7,686
1,135
475
278
1,018
539
294
298
1,184
1,038
23,566
276
6,443
548
7,846
1,164
486
279
1,105
846
492
408
1,211
1,630
24,028
278
6,526
541
8,058
1,151
487
268
1,055
325
179
211
1,054
1,007
23,414
276
6,309
576
8,233
1,097
453
272
1,118
323
166
185
1,034
967
23,283
275
6,381
548
8,162
1,098
474
261
1,104
463
231
286
1,303
1,063
23,607
274
6,576
540
8,145
1,200
516
305
1,077
489
244
315
1,247
1,079
23,774
266
6,523
579
8,310
1,122
498
263
1,130
470
245
262
1,302
1,122
24,291
278
6,788
575
8,396
1,136
488
280
1,139
32,147
10,375
21,772
10,319
21,828
32,807
10,195
22,612
10,381
22,426
32,534
10,490
22,044
10,513
22,021
33,101
10,312
22,789
10,749
22,352
32,879
10,501
22,378
10,589
22,290
33,262
10,204
23,058
10,685
22,577
33,680
10,884
22,796
10,973
22,707
33,906
10,608
23,298
10,891
23,015
34,621
10,818
23,803
11,138
23,483
34,423
10,761
23,662
11,129
23,294
37,316
10,903
26,413
11,599
25,717
34,843
10,823
24,020
11,331
23,512
35,941
10,538
25,403
11,017
24,924
35,294
10,991
24,303
11,315
23,979
34,985
10,146
24,839
10,781
24,204
35,289
10,672
24,617
11,170
24,119
34,708
10,276
24,432
10,955
23,753
35,220
10,675
24,545
11,050
24,170
34,894
10,612
24,282
11,124
23,770
35,347
10,747
24,600
10,989
24,358
35,328
11,027
24,301
11,338
23,990
35,417
10,934
24,483
10,901
24,516
219.78
219.93
220.09
Eating places
do...
Drug stores and proprietary stores
do...
Estimated sales (sea. adj.), total #
do...
Auto and home supply stores
do...
Department stores
do...
Variety stores
do...
Grocery stores
do...
Apparel and accessory stores
do..
Women's clothing, spec, stores, furriers., do..
Shoe stores
do...
Drug stores and proprietary stores
do...
All retail stores, accts, receivable, end of yr. or mo.:
Total (unadjusted)
mil. $.
Durable goods stores
do...
Nondurable goods stores
do...
Charge accounts
do..
Installment accounts
do..
Total (seasonally adjusted)
do...
Durable goods stores
do...
Nondurable goods stores
do...
Charge accounts
do...
Installment accounts
do...
34,149
10,089
24,060
10,659
23,490
32,018
10,019
21,999
10,490
21,528
37,316
10,903
26,413
11,599
25,717
34,843
10,823
24,020
11,331
23,512
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas $
mil.
LABOR FORCE
Not Seasonally Adjusted
Labor force, total (including armed forces), persons
16 years of age and over
thous.
Civilian labor force
do...
Employed, total
do...
Agriculture
do...
Nonagricultural industries
do...
Unemployed
do...
Seasonally Adjusted
Civilian labor force
do..
Employed, total
do..
Agriculture
do..
Nonagricultural industries
do..
Unemployed
do...
Long-term, 15 weeks and over
do...
Rates (unemployed in each group as percent
of total in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16—19 years
White
Black and other
Married men, wife present
Occupation:
White-collar workers
Blue-collar workers
Industry of last job (nonagricultural):
Private wage and salary workers
Construction
Manufacturing
Durable goods
EMPLOYMENT t
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation ....thous
Private sector (excl. government)
do..
Seasonally Adjusted t
Total employees, nonagricultural payrolls
do..
Private sector (excl. government)
do..
Nonmanufacturing industries
do..
Goods-producing
do..
Mining
do..
Construction
do..
See footnotes at end of tables.
X
218.55
218.55
218.72
218.91
219.08
219.24
219.38
219.53
219.67
99,534
97,401
90,546
3,244
87,302
6,855
102,537 104,755 104,169 102,961 103,677 103,776 103,740 102,961 103,343 103,755 103,318 103,551 106,229 107,077 106,453
100,420 102,639 102,047 100,838 101,555 101,659 101,632 100,867 101,249 101,665 101,236 101,473 104,153 104,995 104,363
94,373 96,202 96,116 95,041 96,095 96,029 95,906 94,436 94,765 95,501 95,675 96,220 97,917 98,891 98,226
3,857
3,795
3,309
3,785
2,925
3,074
2,762
2,796
3,342
2,990
3,100
3,997
3,549
3,553
3,856
91,031 92,204 92,261 91,492 92,541 92,929 92,916 91,673 91,969 92,576 92,601 92,911 94,132 95,034 94,431
6,137
6,104
5,253
6,235
6,165
5,561
6,431
6,484
5,725
6,047
5,629
5,460
6,438
5,797
5,931
1,911
100,622 100,663 100,974 101,077 101,628 101,867 102,183 102,527 102,714 102,111 102,247 102,528 103,059 103,049
94,446 94,723 95,010 95,241 95,751 95,855 96,300 96,647 96,842 96,174 96,318 96,754 97,210 96,900
3,322
3,262
3,184
3,260
3,343
3,186
3,232
3,311
3,387
3,275
3,377
3,374
3,351
3,406
91,069 91,372 91,604 91,867 92,476 92,468 93,068 93,335 93,499 92,987 93,134 93,494 93,949 93,578
6,149
5,848
5,929
5,774
5,871
5,937
5,883
5,881
5,877
6,012
5,836
6,176
5,964
5,940
1,191
1,052
1,213
1,086
1,235
1,251
1,260
1,305
1,196
1,208
1,317
1,314
1,234
1,268
1,379
7.0
5.2
7.0
17.7
6.2
13.1
3.6
6.0
4.2
6.0
16.3
5.2
11.9
2.8
6.1
4.1
6.4
16.3
5.2
12.3
2.7
5.9
4.1
5.9
15.7
5.2
11.5
2.8
5.9
4.1
5.9
16.3
5.2
11.3
2.6
5.8
4.0
5.6
16.2
5.1
11.3
2.6
5.8
3.9
5.8
16.2
5.0
11.7
2.4
5.9
4.1
5.8
16.5
5.2
11.5
2.5
5.8
4.0
5.7
15.7
5.1
11.2
2.6
5.7
4.0
5.7
16.1
4.9
11.9
2.6
5.7
4.0
5.7
15.5
5.0
11.2
2.6
5.8
4.0
5.7
16.5
4.9
11.8
2.7
5.8
3.9
5.8
16.8
5.0
11.6
2.5
5.6
3.9
5.8
15.3
4.9
11.3
2.6
5.7
4.1
5.5
15.3
4.9
10.8
2.9
6.0
4.2
5.9
16.5
5.3
11.0
3.0
4.3
8.1
3.5
6.9
3.7
6.7
3.5
6.9
3.5
6.8
3.3
6.8
3.2
6.4
3.5
6.8
3.3
6.4
3.4
6.4
3.4
6.6
3.3
6.9
3.4
6.5
3.2
6.8
3.6
7.6
7.0
12.7
6.7
6.2
5.9
10.6
5.5
4.9
6.0
9.6
5.5
5.0
5.8
9.4
5.6
5.4
5.8
10.6
5.3
4.8
5.6
11.2
5.1
4.6
5.6
10.8
5.1
4.6
5.8
12.1
5.0
4.4
5.7
10.6
5.0
4.4
5.6
11.5
4.8
4.1
5.5
10.2
5.2
4.3
5.7
10.3
5.4
4.6
3.2
6.7
5.7
9.6
5.4
4.4
5.6
9.6
5.3
4.8
5.7
9.5
5.8
5.5
6.1
9.5
6.2
5.7
82,256
67,177
85,760
70,282
85,923
70,994
86,134
71,375
86,688
71,556
87,303
71,745
87,800
72,097
88,054
72,367
86,295
70,795
86,487
70,769
87,323
71,531
87,942
72,117
88,777
72,919
r
89,603
r
r
88,708
r
82,256
67,177
47,530
24,289
809
3,833
85,760
70,282
49,951
25,381
837
4,213
86,033
70,476
50,174
25,501
882
4,317
86,149
70,613
50,335
25,463
887
4,298
86,163
70,718
50,432
25,471
887
4,298
86,573
71,130
50,694
25,670
893
4,341
87,036
71,564
50,963
25,872
903
4,368
87,281
71,810
51,081
26,030
904
4,397
87,524
72,063
51,238
26,111
905
4,381
87,818
72,350
51,455
26,199
919
4,385
88,263
72,756
51,792
26,412
922
4,526
88,248
72,673
51,751
26,351
922
4,507
r
88,539
r
72,928
r
r
88,764
r
73,096
r
52,203
r
26,433
r
930
r
r
88,813
r
73,112
r
52,249
r
26,441
r
933
r
r
52,022
26,423
923
4,594
73,840
4,610
"88,714
73,641 "73,777
"88,815
"73,091
"52,351
"26,286
"952
4,645 "4,594
September 1979
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
1978
July
Aug.
Sept.
1979
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
20,863 '20,740
12,659 "12,600
'748
"748
'482
"476
708
"708
1,246
"1,232
p
1,700
l,691
'2,526 "2,516
'2,086 "2,057
r
2,018 "2,024
"699
'700
'445
"449
'8,204 '8,140
1,675 "1,656
'71
"66
'901
"895
1,298 "1,277
'719
"718
1,232
"1,230
1,106 "1,098
212
"213
'770
"754
'220
"233
'62,372 "62,529
'5,075 "5,066
19,959 "19,996
'5,088 "5,100
14,871 "14,896
'4,907 "4,939
16,730 "16,804
15,701 "15,724
'2,788 "2,785
12,875 12,913 "12,939
July
Aug.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT t—Continued
Seasonally Adjusted t
Employees on nonag. payrolls—Continued
Goods-producing—Continued
Manufacturing
thous.
Durable goods
do...
Lumber and wood products
do...
Furniture and fixtures
do...
Stone, clay and glass products
do...
Primary metal industries
doFabricated metal products §
do...
Machinery, except electrical
do...
Electric and electronic equipment @.... d o Transportation equipment §
do...
Instruments and related products
doMiscellaneous manufacturing
do...
Nondurable goods
do...
Food and kindred products
do...
Tobacco manufactures
doTextile mill products
do...
Apparel and other textile products
do...
Paper and allied products
doPrinting and publishing
do...
Chemicals and allied products
doPetroleum and coal products
do...
Rubber and plastics products, nee
doLeather and leather products
do...
Service-producing
do..
Trans., comm., electric, gas, etc
doWholesale and retail trade
doWholesale trade
doRetail trade
do...
Finance, insurance, and real estate
do...
Services
do...
Government
do...
Federal
doState and local
do...
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted thous.
Manufacturing
doSeasonally Adjusted t
Production or nonsupervisory workers on private
nonagricultural payrolls t
thous.
Goods-producing
doMining
do...
Construction
doManufacturing
do...
Durable goods
do...
Lumber and wood products
do...
Furniture and fixtures
do...
Stone, clay, and glass products
do...
Primary metal industries
do...
Fabricated metal products §
do...
Machinery, except electrical
doElectric and electronic equipment @.... doTransportation equipment §
doInstruments and related products ....
Miscellaneous manufacturing
do...
Nondurable goods
do...
Food and kindred products
do...
Tobacco manufactures
doTextile mill products
do...
Apparel and other textile products
do...
Paper and allied products
do...
Printing and publishing
do...
Chemicals and allied products
do—
Petroleum and coal products
do...
Rubber and plastics products, nee
do...
Leather and leather products
do...
Service-producing
do..
Transportation, comm., elec, gas, etc
do..
Wholesale and retail trade
do..
Wholesale trade
doRetail trade
doFinance, insurance, and real estate
do..
Services
do..
AVERAGE HOURS PER WEEK t
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls: ]J Seasonally adjusted
hours.
Not seasonally adjusted
doMining
doConstruction
do...
Manufacturing:
Not seasonally adjusted
doSeasonally adjusted
doOvertime hours
do—
Durable goods
do—
Overtime hours
do...
Lumber and wood products
do—
Furniture and fixtures
doStone, clay, and glass products
doPrimary metal industries
do—
See footnotes at end of tables.
r
8,074
1,703
74
914
1,312
693
1,338
1,071
202
712
253
57,968
4,696
18,492
4,677
13,795
4,452
15,249
15,079
2,727
12,352
20,331
12,159
751
486
696
1,206
1,653
2,337
1,966
1,956
654
454
8,172
1,694
73
911
1,316
702
1,181
1,088
209
748
251
60,380
4,858
19,392
4,897
14,496
4,676
15,976
15,478
2,754
12,723
20,302
12,138
743
485
698
1,199
1,643
2,345
1,977
1,937
660
451
8,164
1,688
73
909
1,307
710
1,187
1,091
207
749
243
60,532
4,827
19,469
4,901
14,568
4,690
15,989
15,557
2,765
12,792
20,278
12,146
743
481
692
1,205
1,646
2,351
1,975
1,941
661
451
8,132
1,670
69
903
1,309
698
1,188
1,089
209
746
251
60,686
4,846
19,523
4,905
14,618
4,707
16,074
15,536
2,765
12,771
20,286
12,166
744
480
692
1,214
1,650
2,358
1,972
1,943
662
451
8,120
1,665
70
907
1,309
697
1,178
1,088
209
744
253
60,692
4,855
19,546
4,917
14,629
4,719
16,127
15,445
2,752
12,693
20,436
12,305
748
484
696
1,220
1,667
2,391
1,987
1,991
665
456
8,131
1,667
71
907
1,307
692
1,185
1,089
210
752
251
60,903
4,922
19,632
4,945
14,687
4,737
16,169
15,443
2,760
12,683
20,601
12,410
759
487
701
1,235
1,684
2,404
2,001
2,010
671
458
8,191
1,693
71
910
1,307
700
1,198
1,093
210
761
248
61,164
4,947
19,701
4,968
14,733
4,774
16,270
15,472
2,757
12,715
20,729
12,491
765
491
707
1,240
1,697
2,425
2,011
2,021
676
458
8,238
1,711
72
910
1,312
705
1,203
1,097
211
771
246
61,251
4,967
19,697
4,995
14,702
4,789
16,327
15,471
2,734
12,737
20,825
12,562
770
494
706
1,241
1,706
2,447
2,027
2,031
681
459
8,263
1,716
72
912
1,318
708
1,209
1,099
211
773
245
61,413
4,974
19,817
5,020
14,797
4,809
16,352
15,461
2,755
12,706
20,895
12,647
773
493
709
1,251
1,715
2,465
2,042
2,055
686
458
8,248
1,708
71
911
1,304
712
1,214
1,098
212
777
241
61,619
5,001
19,883
5,035
14,848
4,829
16,438
15,468
2,755
12,713
20,964
12,699
768
491
714
1,254
1,712
2,481
2,064
2,067
690
458
8,265
1,716
73
909
1,301
717
1,219
1,098
214
778
240
61,851
5,025
19,945
5,055
14,890
4,839
16,535
15,507
2,754
12,753
20,922
12,665
758
488
711
1,253
1,712
2,496
2,062
2,038
693
454
8,257
1,709
73
903
1,305
719
1,219
1,101
214
776
238
61,897
4,935
19,959
5,062
14,897
4,853
16,575
15,575
2,756
12,819
20,906
12,645
758
483
712
1,247
1,711
2,499
2,064
2,031
692
448
8,261
1,702
74
904
1,303
718
1,222
1,106
213
779
240
62,116
5,031
19,985
5,080
14,905
4,867
16,622
15,611
2,770
12,841
55,040
14,110
57,536
14,611
58,120
14,476
58,437
14,532
58,637
14,877
58,771
14,878
59,063
14,803
59,323
14,927
57,746
14,793
57,693
14,793
58,392
14,872
58,905
14,880
59,625 r60,410 '60,163 "60,239
14,937 15,113 14,805 "14,819
55,040
17,729
615
3,004
14,110
8,291
616
381
533
920
1,194
1,425
1,227
1,284
375
335
5,819
1,154
60
795
1,126
519
644
615
131
557
217
37,311
3,993
16,297
57,704
18,675
667
3,439
14,569
57,771
18,619
668
3,419
14,532
637
398
554
942
1,245
1,547
1,293
1,328
407
343
5,875
1,142
58
791
1,121
535
669
628
135
587
209
39,035
4,051
17,165
4,040
13,125
3,565
14,254
636
394
549
947
1,245
1,544
1,293
1,336
405
344
5,839
1,124
54
785
1,127
523
667
623
136
584
216
39,152
4,066
17,214
4,042
13,172
3,579
14,293
57,861
18,629
671
3,422
14,536
8,706
636
395
548
953
1,248
1,550
1,290
1,337
406
343
5,830
1,122
56
790
1,124
522
657
624
137
581
217
39,232
4,064
17,228
4,053
13,175
3,591
14,349
58,151
18,795
675
3,465
14,655
8,816
641
398
551
960
1,264
1,576
1,301
1,370
408
347
5,839
1,122
57
790
1,123
519
663
624
137
589
215
39,356
4,129
17,288
4,075
13,213
3,603
14,336
58,576
18,974
683
3,488
14,803
8,909
649
400
556
976
1,280
1,581
1,312
1,393
412
350
5,894
1,148
56
795
1,123
525
672
627
138
598
212
39,602
4,150
17,372
4,093
13,279
3,635
14,445
58,780
19,114
682
3,513
14,919
12,427
3,385
13,636
57,536
18,576
628
3,337
14,611
8,727
644
400
554
948
1,255
1,537
1,290
1,351
401
347
5,884
1,147
58
793
1,130
528
666
624
137
587
215
38,961
4,088
17,092
4,036
13,056
3,556
14,225
654
403
561
981
1,291
1,603
1,320
1,407
416
349
5,934
1,166
58
793
1,124
531
676
630
139
607
210
39,666
4,155
17,355
4,109
13,246
3,644
14,512
58,914
19,151
687
3,468
14,996
9,034
658
405
560
981
1,295
1,615
1,334
1,415
420
351
5,962
1,174
58
795
1,131
534
681
632
139
609
209
39,763
4,168
17,430
4,127
13,303
3,663
14,502
59,157
19,214
694
3,473
15,047
9,100
660
404
562
991
1,305
1,630
1,345
1,429
424
350
5,947
1,165
57
793
1,119
538
685
632
140
613
205
39,943
4,186
17,502
4,144
13,358
3,672
14,583
59,514
19,395
694
3,613
15,088
9,131
658
402
566
992
1,301
1,638
1,362
1,437
425
350
5,957
1,175
58
790
1,114
543
689
630
141
613
204
40,119
4,204
17,554
4,163
13,391
3,681
14,680
59,391
19,322
693
3,594
15,035
9,090
648
399
563
990
1,298
1,649
1,359
1,412
426
346
5,945
1,170
58
785
1,116
544
688
632
140
610
202
40,069
4,120
17,553
4,167
13,386
3,694
14,702
59,611
19,373
694
3,673
15,006
9,059
646
395
563
983
1,296
1,648
1,357
1,405
424
342
5,947
1,163
60
787
1,114
545
691
632
139
612
204
40,238
4,211
17,576
4,177
13,399
3,701
14,750
36.0
43.4
36.5
35.8
43.4
36.7
35.9
36.3
43.0
37.3
35.8
36.2
43.6
37.1
35.8
36.0
43.0
37.0
35.9
35.9
43.0
36.9
35.8
35.8
43.3
36.8
35.9
36.1
43.7
37.2
35.7
35.2
43.4
35.9
35.7
35.4
43.0
36.4
35.9
35.7
43.2
37.6
35.4
35.1
43.0
35.8
35.7
35.5
42.7
37.2
40.3
40.4
3.4
3.6
41.1
3.8
39.7
39.3
41.6
41.8
40.3
40.5
3.6
40.4
40.3
3.4
40.7
40.4
3.6
41.0
3.6
39.3
39.0
41.6
42.0
41.1
3.8
39.6
38.8
41.8
41.8
40.9
40.7
3.7
41.4
4.0
40.1
39.2
41.9
42.3
41.4
40.7
3.8
41.5
4.1
40.0
39.2
42.0
42.2
40.1
40.7
3.8
41.5
4.2
40.0
39.2
41.4
42.4
40.3
40.7
3.8
41.2
3.8
39.8
39.3
41.7
41.8
40.6
40.5
3.6
41.2
3.9
40.1
39.0
41.8
42.1
40.6
40.8
3.8
41.6
4.1
40.1
39.4
42.3
41.9
38.9
39.2
2.8
39.6
2.8
39.2
38.1
41.3
41.7
40.1
40.2
3.4
40.8
3.6
39.2
38.4
41.6
41.3
19,647
11,573
722
463
668
1,179
1,577
2,179
1,868
1,862
615
41.0
3.7
39.8
39.0
41.3
41.3
41.5
4.2
39.5
38.8
41.5
42.3
r
12,649
'754
r
479
r
713
r
l,249
r
l,710
'2,513
2,080
r
2,003
r
698
450
r
8,244
1,699
74
901
'1,294
718
1,228
1,110
212
r
769
239
'62,331
r
5,085
19,980
5,097
14,883
r
4,892
16,706
15,668
2,793
r
59,761 '59,747 '59,644
19,377 19,350 19,160
r
"711
695
'697
'3,728 "3,667
14,986 14,925 "14,782
r
9,043 '9,032 "8,949
r
"637
644
'639
r
"387
391
393
"557
564
558
r
"966
985
'982
1,296
1,285
"1,272
1,654 1,663 "1,633
1,363 "1,334
1,363
1,376
"1,392
1,382
427
"427
'429
343
'338
"344
r
5,925 '5,893 "5,833
1,160
1,177 "1,179
r
59
57
"52
r
785
'785
"778
1,104
1,107 "1,087
r
691
'695
"694
r
'695
"694
691
'633
"628
636
139
138
"142
r
602
'603
"590
187
204
"199
r
40,384 '40,397 "40,484
r
4,261 '4,248 "4,245
17,571 17,551 "17,581
r
4,193 '4,180 "4,181
13,378 13,371 "13,400
3,719 '3,733 "3,756
14,833 14,865 "14,902
35.7
'35.6
36.0
'41.8
'36.9
"35.6
"36.0
"42.4
"37.3
40.4
40.1
40.0
40.2
3.3
"40.0
"40.0
"3.3
40.7
3.5
39.4
'38.4
41.5
'41.3
40.8
3.5
'39.4
'38.4
'41.3
'41.2
"40.6
"3.4
"39.6
"37.9
"41.2
"40.9
r
35.9
r
43.0
37.4
r
September 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
1978
Annual
S-13
July
Aug.
Sept.
1979
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEK f—Cont.
Seasonally Adjusted—Continued
Average weekly hours per worker—Cont.
Manufacturing—Continued
Durable goods—Continued
Fabricated metal products §
Machinery, except electrical
Electric and electronic equipment @
Transportation equipment §
Instruments and related products
Miscellaneous manufacturing
p
hours.
do...
do...
do...
do...
do...
41.0
41.5
40.4
42.5
40.6
38.8
41.0
42.0
40.3
42.1
40.9
38.8
41.0
42.2
40.7
42.1
40.7
38.8
40.9
41.8
40.4
41.8
41.0
39.0
40.9
41.9
40.1
42.5
40.9
39.0
40.8
42.0
40.3
42.6
40.9
38.8
41.1
42.2
40.4
42.9
40.9
38.8
41.4
42.5
40.5
42.9
40.9
38.8
41.2
42.2
40.7
43.0
41.1
39.1
41.4
42.6
40.9
42.7
41.1
39.0
41.5
42.6
40.9
42.4
41.4
39.2
39.1
40.5
39.0
38.0
40.2
37.7
40.7
42.0
40.3
41.2
40.8
38.5
40.7
42.0
40.2
r
40.7
40.6
38.8
40.8
42.0
40.4
r
41.0
p
40.5
39.1
Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
do..
do..
do..
do..
do..
do..
39.4
3.2
40.0
37.9
40.4
35.6
39.4
3.2
39.8
38.2
40.4
35.6
39.4
3.2
39.8
38.6
40.2
35.8
39.3
3.2
39.5
37.7
40.4
35.6
39.4
3.2
39.5
37.9
40.4
35.7
39.3
3.2
39.9
36.7
40.3
35.2
39.6
3.2
40.0
37.4
40.4
35.7
39.5
3.3
40.0
38.1
40.4
35.6
39.6
3.2
40.1
36.7
40.9
35.3
39.4
3.2
39.7
36.7
40.0
35.5
39.6
3.3
40.1
38.5
40.6
35.5
38.7
2.7
39.7
37.9
38.9
34.3
39.2
3.0
39.8
38.9
40.0
35.2
39.2
2.9
39.7
38.2
40.0
35.2
39.3
3.0
40.1
38.1
40.0
35.5
"39.2
"3.1
"40.1
"37.6
"40.0
"35.3
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
do..
do..
do..
do..
do..
do..
42.9
37.7
41.7
42.7
41.0
36.9
42.9
37.6
41.8
43.5
40.9
37.1
42.9
37.6
41.8
43.9
40.9
37.2
42.7
37.4
41.9
44.3
40.9
37.1
42.7
37.8
41.8
43.8
41.0
37.2
42.6
37.7
41.9
43.9
41.0
37.1
43.1
37.9
42.1
44.2
41.1
36.8
42.7
37.6
41.8
43.7
41.2
36.7
42.9
37.7
42.0
43.4
41.5
37.0
42.9
37.7
41.9
43.4
41.5
36.3
42.9
37.8
42.0
44.2
41.4
36.2
42.3
37.2
41.8
44.1
39.8
35.8
42.5
37.3
41.9
43.7
40.8
36.2
r
do..
do..
do..
do..
do..
do..
39.9
33.3
38.8
31.6
36.4
33.0
40.0
32.8
38.8
31.0
36.5
32.8
39.6
32.9
38.7
31.1
36.6
32.8
39.9
32.8
38.8
30.9
36.5
32.7
40.1
32.8
39.0
30.9
36.5
32.8
40.1
32.9
38.9
31.0
36.6
32.8
40.0
32.8
38.8
30.9
36.3
32.7
40.0
32.9
38.9
31.0
36.3
32.5
40.2
32.4
38.7
30.5
36.3
32.6
40.0
32.5
38.7
30.6
36.3
32.6
40.2
32.7
39.1
30.7
36.3
32.8
39.3
32.8
38.8
30.9
36.5
32.7
39.9
32.6
38.9
30.6
36.1
32.7
r
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month,
seas adj. at annual rate
bil. hours.
Total private sector
do...
Mining
do...
Construction
do...
Manufacturing
do...
Transportation, comm., elec, gas
do...
Wholesale and retail trade
do...
Finance, insurance, and real estate
do...
Services
do...
Government
do...
156.31
126.67
1.83
7.28
40.96
9.74
32.14
8.44
26.28
29.64
162.49
132.02
1.89
8.03
42.47
10.11
33.27
8.87
27.38
30.55
163.47
132.56
1.99
8.39
42.54
9.93
33.42
8.94
27.35
30.92
162.91
132.29
2.03
8.29
42.22
10.05
33.38
8.93
27.39
30.62
162.91
132.58
1.99
8.23
42.30
10.12
33.44
8.96
27.53
30.34
163.68
133.51
2.01
8.32
42.60
10.21
33.66
9.01
27.70
30.18
165.19
134.22
2.06
8.33
43.14
10.27
33.63
9.03
27.76
30.97
164.72
134.85
2.06
8.54
43.52
10.32
33.67
9.04
27.72
30.62
165.73
135.00
2.03
8.27
43.76
10.37
33.60
9.12
27.86
30.73
165.96
135.49
2.04
8.27
43.93
10.45
33.75
9.14
27.92
30.45
167.89
137.14
2.06
8.79
44.18
10.48
34.17
9.17
28.39
30.75
164.80
135.72
2.05
8.30
43.57
10.18
34.11
9.20
28.25
29.08
166.84
r
136.16
2.06
r
8.87
r
43.34
10.43
r
33.96
r
9.17
28.32
'30.68
Indexes of employee-hours (aggregate weekly): f[
Private nonagric payrolls, total
1967=100.
Goods-producing
do...
Mining
do...
Construction
do...
Manufacturing
.^
do...
Durable goods
do...
Nondurable goods
do...
Service-producing
do...
Transportation, comm., elec, gas
do...
Wholesale and retail trade
do...
Wholesale trade
do...
Retail trade
do...
Finance, insurance, and real estate
do...
Services
do...
115.4
100.2
133.4
105.8
98.0
98.7
97.1
126.0
105.9
123.0
120.6
123.1
131.3
138.8
120.2
105.1
135.9
118.2
101.8
104.2
98.2
130.6
108.6
126.8
126.0
127.1
138.0
144.0
120.6
106.1
143.5
124.2
101.6
104.0
98.1
130.7
106.5
127.4
125.7
128.0
139.0
144.1
120.4
105.4
145.7
122.8
101.0
103.5
97.2
130.8
107.7
127.2
126.1
127.7
139.2
144.1
120.8
105.5
144.4
122.6
101.2
103.9
97.2
131.4
108.2
127.5
127.1
127.7
139.6
145.1
121.6
106.5
145.2
123.8
102.1
105.5
97.2
132.0
109.9
128.2
127.4
128.5
140.5
145.0
122.4
108.0
148.0
124.3
103.7
107.1
98.8
132.3
110.2
128.4
127.6
128.7
140.6
145.6
122.9
109.1
149.1
126.5
104.6
108.3
99.1
132.5
110.3
128.7
128.5
128.8
140.9
145.4
122.6
108.7
149.2
120.6
105.2
108.8
99.9
132.3
111.2
127.6
128.4
127.3
141.7
145.8
123.2
109.1
149.3
122.4
105.4
109.6
99.2
132.9
111.2
128.4
128.9
128.2
142.0
146.6
124.7
111.0
150.0
131.5
106.0
110.2
99.8
134.2
112.2
129.5
130.8
129.0
142.4
148.4
122.4
106.3
149.1
124.6
101.6
104.4
97.5
133.7
107.5
129.8
130.0
129.8
143.6
148.2
123.9
109.3
148.3
132.3
103.8
107.3
98.7
134.0
111.5
129.2
130.6
128.6
142.3
148.7
5.24
6.94
8.09
5.67
5.68
7.61
8.62
6.16
6.06
6.57
5.09
4.34
5.80
7.40
5.90
6.25
5.39
7.28
5.29
4.36
5.59
4.67
6.31
8.19
6.33
6.75
5.82
7.89
5.70
4.69
5.69
7.82
8.63
6.17
5.92
6.57
6.29
5.71
4.68
6.37
8.19
6.32
6.73
5.83
7.84
5.70
4.70
5.71
7.79
8.72
6.16
5.90
6.57
6.28
5.68
4.72
6.40
8.31
6.35
6.74
5.87
7.78
5.73
4.70
5.82
7.94
8.87
6.28
5.99
6.71
6.39
5.75
4.76
6.46
8.42
6.45
6.88
5.94
8.04
5.76
4.74
5.86
7.97
8.88
6.32
6.04
6.76
6.44
5.77
4.78
6.48
8.42
6.49
6.94
5.86
8.21
5.79
4.77
5.88
8.05
8.88
6.38
6.10
6.81
6.49
5.76
4.80
6.53
8.52
6.54
7.00
5.98
8.27
5.83
4.80
5.91
8.05
8.91
6.47
6.18
6.92
6.59
5.79
4.86
6.57
8.56
6.62
7.13
6.10
8.40
5.95
4.86
5.96
8.20
8.96
6.49
6.22
6.91
6.61
5.79
4.87
6.56
8.62
6.61
7.09
6.12
8.34
5.98
4.93
6.00
8.20
9.01
6.52
6.25
6.95
6.64
5.82
4.93
6.57
8.75
6.65
7.14
6.14
8.34
6.01
4.95
€.02
8.26
8.96
6.55
6.28
6.99
6.67
5.84
4.95
6.63
8.74
6.72
7.18
6.17
8.41
6.04
4.95
6.02
8.52
9.02
6.54
6.33
6.95
6.73
5.89
4.94
6.72
8.92
6.62
7.09
6.12
8.26
6.02
4.96
8.43
9.13
6.62
6.36
7.07
6.79
5.97
4.97
6.77
8.83
6.77
7.24
6.23
8.55
6.10
5.00
5.10
5.53
5.37
5.62
3.98
3.62
5.96
6.11
6.43
7.82
5.17
3.41
6.99
4.27
5.39
3.85
4.54
4.65
5.80
6.27
4.29
3.94
6.52
6.47
7.01
8.60
5.50
3.90
7.54
4.66
5.88
4.19
4.90
4.99
5.57
5.35
5.80
6.58
4.32
3.92
6.63
6.47
7.05
8.58
5.51
3.89
7.53
4.66
5.91
4.19
4.93
4.95
5.56
5.33
5.80
6.30
4.37
3.93
6.59
6.51
7.06
8.59
5.54
3.87
7.63
4.67
5.92
4.19
4.91
4.94
5.62
5.38
5.87
6.10
4.42
3.99
6.68
6.58
7.13
8.67
5.58
3.92
7.71
4.74
6.02
4.25
4.97
5.00
5.64
5.41
5.89
5.99
4.42
4.01
6.68
6.58
7.19
8.67
5.66
3.94
7.72
4.78
6.06
4.28
5.02
5.12
5.70
5.47
5.97
6.18
4.45
4.04
6.75
6.64
7.22
8.75
5.69
3.98
7.72
4.80
6.08
4.30
5.03
5.13
5.75
5.52
6.02
6.32
4.48
4.07
6.79
6.68
7.28
8.86
5.75
4.01
7.82
4.80
6.15
4.31
5.07
5.16
5.81
5.59
6.09
6.47
4.52
4.17
6.80
6.69
7.32
8.99
5.80
4.13
7.83
4.96
6.19
4.47
5.13
5.24
5.81
5.60
6.10
6.63
4.51
4.16
6.83
6.71
7.32
9.08
5.82
4.15
7.91
4.97
6.21
4.46
5.19
5.27
5.85
5.63
6.12
6.74
4.52
4.19
6.88
6.74
7.36
9.28
5.83
4.17
7.89
4.98
6.24
4.47
5.16
5.27
5.89
5.71
6.19
6.89
4.48
4.18
6.92
6.70
7.50
9.42
5.80
4.18
7.87
5.00
6.31
4.49
5.23
5.30
5.91
5.70
6.22
6.93
4.52
4.19
6.97
6.81
7.46
9.36
5.88
4.19
7.93
5.00
6.30
4.48
5.22
5.28
Trans., comm., elec, gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
40.1
"41.4
p
40.3
P
41.3
"40.9
"38.7
42.5
37.4
41.7
43.2
40.7
36.3
r
42.5
37.4
41.7
r
43.6
r
40.4
r
36.6
r
42.2
"37.5
"41.7
"43.5
"39.8
"36.3
39.9
32.6
38.8
r
30.6
r
36.2
32.7
r
"39.8
"32.5
"38.7
"30.5
"36.2
"32.8
39.7
32.6
38.8
r
30.6
r
36.3
32.8
AGGREGATE EMPLOYEE-HOURS t
Seasonally Adjusted
167.48 "167.68
136.56 "136.65
r
2.09
"2.08
r
8.97
"8.92
r
43.31
"43.26
r
10.48
"10.50
r
34.05
"33.97
r
9.20
"9.31
r
P
28.45
28.61
r
30.92
"31.04
r
124.1
109.2
149.5
133.8
103.4
106.9
r
98.3
134.6
112.9
129.1
130.8
128.4
143.4
149.5
124.1
108.9
145.8
133.2
103.3
107.0
r
98.0
134.7
112.0
128.9
130.4
128.3
144.4
150.3
"123.7
"107.7
"150.8
"132.4
"101.9
"105.4
"96.7
"134.8
"112.2
"128.7
"130.1
"128.2
"144.9
"150.7
6.11
8.47
9.12
7.11
6.81
6.16
5.05
r
6.84
r
8.90
6.81
7.33
r
6.27
r
8.52
6.11
4.99
6.15
8.55
9.23
6.71
r
6.45
7.14
6.85
r
6.22
r
5.06
r
6.89
9.01
r
6.81
r
7.33
r
6.29
r
8.55
6.15
r
5.04
"6.16
"8.54
"9.29
"6.68
"6.41
"7.10
"6.80
"6.28
"5.12
"6.87
"9.09
"6.81
"7.28
"6.34
"8.40
"6.18
"5.04
r
r
"6.04
"5.80
"6.31
"6.64
"4.78
"4.23
"7.22
"6.94
"7.66
"9.37
"5.81
"4.22
"8.16
"5.05
"6.43
"4.51
"5.26
"5.30
HOURLY AND WEEKLY EARNINGS t
Average hourly earnings per worker: U
Not seasonally adjusted:
Private nonagric. payrolls
dollars.
Mining
do...
Construction
do...
Manufacturing
do...
Excluding overtime
do...
Durable goods
do...
Excluding overtime
do...
Lumber and wood products
do...
Furniture and fixtures
do...
Stone, clay, and glass products
do...
Primary metal industries
do...
Fabricated metal products §
do...
Machinery, except electrical
do...
Electric and electronic equipment @ do...
Transportation equipment §
do...
Instruments and related products .... do...
Miscellaneous manufacturing
do...
Nondurable goods
do...
Excluding overtime
do...
Food and kindred products
do...
Tobacco manufactures
do...,
Textile mill products
do...
Apparel and other textile products .. do...
Paper and allied products
do...,
Printing and publishing
do....
Chemicals and allied products
do....
Petroleum and coal products
do....
Rubber and plastics products, nee .... do....
Leather and leather products
do....
Transportation, comm., elec, gas
do....
Wholesale and retail trade
do....
Wholesale trade
do....
Retail trade
do....
Finance, insurance, and real estate
do....
Services
do....
See footnotes at end of tables.
r
5.93
5.71
6.22
r
6.90
r
4.54
4.20
•7.06
r
6.85
r
7.52
r
9.29
5.89
4.19
r
8.01
5.02
r
6.35
r
4.49
5.22
5.27
r
r
r
6.02
5.80
6.28
r
6.92
r
4.65
r
4.22
•7.17
r
6.87
7.59
r
9.37
r
5.93
r
4.19
r
8.11
5.04
r
6.40|
r
4.50i
r
5.29
r
5.29
r
r
September 1979
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1977
1979
1978
Annual
Aug.
July
Sept.
Nov.
Oct.
Jan.
Dec.
Feb.
Mar.
May
Apr.
June
July
Aug.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS t—Cont.
Average hourly earnings per worker—Cont.
Seasonally adjusted:
Private nonagricultural payrolls
dollarsMining
do....
Construction
do....
Manufacturing
do....
Transportation, comm., elec, gas
do....
Wholesale and retail trade
do....
Finance, insurance, and real estate
do....
Services
do....
Indexes of avg. hourly earnings, seas, adj.: H
Private nonfarm economy:
Current dollars
1967=100..
1967 dollars $
do....
Mining
do....
Construction
do....
Manufacturing
do...,
Transportation, comm., elec, gas
do....
Wholesale and retail trade
do....
Finance, insurance, and real estate
do....
Services
do....
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr..
Skilled labor
do....
Farm (U.S.) wage rates, hired workers, by
method of pay:
All workers, including piece-rate
$ per hr..
All workers, other than piece-rate
do....
Workers receiving cash wages only
do....
Workers paid per hour, cash wages only.... do....
Railroad wages (average, class I)
do....
Avg. weekly earnings per worker,
private nonfarm: fl
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted *
Spendable earnings (worker with 3 dependents):
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted t
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollarsMining
do....
Construction
do....
Manufacturing
do....
Durable goods
do...,
Nondurable goods
do....
Transportation, comm., elec, gas
do...
Wholesale and retail trade
do...,
Wholesale trade
do...,
Retail trade
do...
Finance, insurance, and real estate
do...
Services
,
do...
HELP-WANTED ADVERTISING
Seasonally adjusted index
1967=100.
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees.
New hires
do...
Separation rate, total
do...
Quit
doLayoff
doSeasonally adjusted:
Accession rate, total
do...
New hires
do...
Separation rate, total
do...
Quit
do...
Layoff
do...
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly # @
thous..
State programs (excl. extended duration prov.):
Initial claims
thous..
Insured unemployment, avg. weekly
do....
Percent of covered employment: @ @
Unadjusted
Seasonally adjusted
Beneficiaries, average weekly
thous...
Benefits paid @
mil. $.
Federal employees, insured unemployment,
average weekly
thous..
Veterans' program (UCX):
Initial claims
do....
Insured unemployment, avg. weekly
do....
Beneficiaries, average weekly
do...
Benefits paid
mil. $..
Railroad program:
Applications
thous..
Insured unemployment, avg. weekly
do...
Benefits paid
mil. $..
See footnotes at end of tables.
5.24
6.94
8.09
5.67
6.99
4.27
4.54
4.65
5.68
7.61
8.62
6.16
7.54
4.66
4.90
4.99
5.71
7.85
8.66
6.18
7.53
4.67
4.95
5.01
5.73
7.88
8.72
6.20
7.58
4.70
4.92
5.02
5.77
7.88
8.75
6.25
7.65
4.73
4.98
5.05
5.82
7.99
8.77
6.32
7.66
4.77
5.03
5.10
5.87
8.03
8.82
6.38
7.68
4.81
5.06
5.11
5.91
8.03
8.86
6.43
7.81
4.84
5.08
5.14
5.97
8.12
8.92
6.45
7.89
4.93
5.09
5.21
5.99
8.18
9.05
6.52
7.92
4.93
5.13
5.22
6.04
8.25
9.03
6.56
7.95
4.97
5.14
5.25
6.04
8.53
9.11
6.56
7.91
5.00
5.23
5.29
6.09
8.45
9.20
6.63
7.99
5.00
5.21
5.27
196.8
108.4
214.8
194.3
199.4
213.2
189.5
180.7
197.9
212.6
108.9
238.5
206.8
215.7
230.1
206.5
194.6
212.5
214.1
109.1
244.3
207.9
216.7
230.4
207.6
196.9
213.2
214.6
108.7
244.5
209.2
217.5
231.2
208.3
196.0
212.9
216.2
108.7
247.1
209.9
218.9
233.3
209.9
198.2
214.8
218.0
108.7
249.7
210.6
220.8
234.0
211.6
199.8
217.5
219.0
108.5
249.8
211.4
222.4
234.7
213.0
200.8
217.8
220.7
108.6
249.1
212.5
224.1
238.3
214.6
202.0
218.9
222.8
108.5
251.7
213.4
225.4
240.7
217.8
202.3
221.7
223.9
107.8
253.3
216.3
227.1
241.6
218.1
203.9
222.2
225.3
107.3
256.0
216.5
228.8
242.7
219.8
204.3
223.5
227.0
107.0
264.2
218.0
231.1
241.9
221.0
207.6
225.3
227.4
106.1
262.6
220.7
232.3
243.9
220.9
207.0
224.0
9.46
12.56
10.08
13.36
10.26
13.55
10.27
13.61
10.31
13.66
10.33
13.68
10.34
13.72
10.37
13.73
10.37
13.76
10.40
13.79
10.40
13.80
10.40
13.81
10.43
13.90
2.87
2.82
3.06
2.90
7.481
3.07
3.02
3.22
3.10
8.128
2.93
2.90
3.06
3.00
188.64
103.93
203.72
104.25
204.99
104.48
3.37
3.33
3.60
3.34
3.18
3.11
3.34
3.20
205.13
103.97
206.57
103.86
208.94
104.16
210.15
104.14
212.17
104.41
213.13
103.86
6.13
8.50
9.21
6.67
8.04
5.03
5.24
5.30
r
228.8
105.6
264.7
220.7
233.6
r
246.1
222.3
207.7
r
225.5
r
10.70
14.11
'3.40
r
3.35
3.64
3.42
213.84
102.96
216.84
103.31
213.82
100.76
6.17
8.54
9.29
6.72
8.06
5.06
5.S2
5.36
'230.4
231.0
105.3
'268.8 "269.0
'221.7
222.4
'235.6
236.0
'247.5
246.8
224.9
'223.6
209.7
'211.0
227.7
'226.9
11.03
14.37
11.05
14.45
3.23
3.20
3.41
3.30
217.41 218.84
101.40 '101.03
r
220.27
100.72
169.66
93.48
180.73
92.50
181.68
92.60
181.78
92.13
182.86
91.94
184.64
92.04
185.55
91.95
187.06
92.06
189.54
92.37
190.10
91.53
192.43
91.68
190.08
89.58
192.88
188.64
301.20
295.29
228.50
248.46
200.94
278.90
142.19
209.13
121.66
165.26
153.45
203.34
330.27
316.35
248.86
270.03
217.88
301.60
152.85
228.14
129.89
178.85
163.67
206.55
337.82
329.67
248.65
268.71
220.02
301.20
157.04
230.49
134.08
180.93
164.84
206.70
338.09
330.49
248.86
268.71
220.18
307.49
156.45
230.49
133.24
179.71
164.01
209.52
345.39
332.63
255.60
277.79
223.68
309.94
155.47
234.78
131.33
180.91
165.46
210.37
348.29
336.55
256.59
279.19
222.78
309.57
156.31
236.34
131.82
183.73
167.42
210.50
352.59
324.12
260.94
283.30
226.86
308.80
156.00
235.90
131.58
182.59
167.24
212.99
351.85
330.04
267.86
292.72
229.43
313.50
158.55
240.47
134.90
182.95
168.22
209.79
347.68
310.02
260.25
282.62
226.59
310.07
158.22
237.70
133.65
186.73
169.78
212.40
350.14
318.95
262.10
285.65
226.01
315.61
159.54
238.46
134.25
188.92
170.75
214.91
355.54
331.89
265.93
289.39
229.91
316.40
161.03
242.11
135.58
187.31
171.28
211.30
362.95
320.21
254.41
273.83
225.59
307.72
162.50
243.57
137.39
190.37
172.25
215.84 r219.35 221.40 "221.76
359.96 r366.75 '359.10 "360.39
340.55 346.56 '347.97 "353.95
265.46
268.40 "267.20
288.46 r291.51 '289.17 "286.84
231.08 r233.64 '236.59 "237.98
314.82 321.20 '325.21 "328.03
162.00 '165.16 '167.83 "167.66
245.07 r247.65 '250.24 "250.13
136.19 '139.19 '141.75 "141.61
188.44 '188.96 '192.56 "190.94
171.60 173.38 '176.16 "176.49
118
149
149
150
152
161
161
165
161
158
156
155
154
153
155
4.0
2.8
3.8
1.9
1.2
4.1
3.0
3.8
2.1
0.9
4.4
3.2
4.1
2.1
1.1
5.3
4.1
5.2
3.4
0.7
4.8
3.9
4.8
3.0
0.8
4.3
3.5
4.0
2.3
0.9
3.3
2.6
3.5
1.7
1.0
2.3
1.7
3.4
1.3
1.3
4.0
2.8
3.8
1.8
1.1
3.4
2.5
3.2
1.6
0.8
3.8
2.8
3.6
1.9
0.8
3.8
2.9
3.6
1.9
0.8
4.7
3.6
3.7
2.1
0.7
'4.7
3.8
'3.9
2.1
0.9
"4.3
"3.1
"4.2
"2.0
"1.3
3.8
2.9
3.9
2.0
0.9
3.8
2.8
3.7
1.9
0.9
4.1
3.1
3.7
2.0
0.8
4.4
3.4
3.9
2.3
0.9
4.5
3.5
3.9
2.2
0.8
4.4
3.5
4.1
2.2
0.9
4.4
3.4
4.0
2.3
0.8
4.3
3.4
4.0
2.3
0.8
4.1
3.2
4.0
2.2
0.9
3.9
3.0
4.0
2.1
1.0
4.1
3.1
3.9
2.0
1.0
'3.8
2.9
'4.1
2.0
1.3
"3.7
"2.7
"3.9
"1.9
"1.1
2,581
2,394
2,064
1,999
2,148
2,567
3,198
3,209
2,921
2,610
2,230
2,119
2,386
3,037
1,579
3,053
1,396
2,750
1,599
2,440
1,302
2,708
1,991
3,304
3,311
19,488
2,655
18,002
2,358
1,680
2,265
1,372
2,168
1,059
1,860
1,288
1,816
1,526
2,009
"1,882
2,421
3.9
4.0
2,178
8,357.2
1,944
8,226.6
3.2
3.4
1,680
557.8
3.0
3.6
1,811
677.4
2.6
3.3
1,552
521.0
2.4
3.1
1,456
519.7
2.7
3.1
"1,536
550.7
3.2
3.1
"1,883
"646.1
3.9
3.1
"2,474
970.8
4.0
3.1
2,717
920.7
3.6
3.0
2,524
975.6
31.0
30.0
2,162
'787.3
193.99
r
89.56
28.0
1,843
'725.2
24
46
34
31
32
31
34
32
34
"37
35
33
27
354
81
78
470.7
273
53
54
248.3
24
49
46
17.8
25
50
51
21.5
23
48
53
18.3
23
49
46
"18.9
22
48
"51
"20.6
P24
50
"54
"21.0
"24
54
"59
"25.1
21
53
55
21.2
22
52
55
22.6
20
48
50
r
19.8
104
21
99.8
130
25
16
16
3.9
28
33
1.5
8
31
1.4
15
23
1.0
10
17
5.4
8
17
5.7
13
24
9.6
6
25
9.9
P
20
45
48
20.8
r
3
3
9
5
17
12
9
23
10.5 7,276.0 5,681.0 3,314.0
195.10
89.21
September 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1979
1978
1978
July
Annual
S-15
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Industrial disputes:
Number of stoppages:
Beginning in month or year
In effect during month
Workers involved in stoppages:
Beginning in month or year
In effect during month
Days idle during month or year
number..
do....
thous..
do....
do....
4,300
2,040
35,822
467
850
439
847
453
854
389
740
290
591
157
408
301
405
326
528
447
664
553
822
598
919
543
873
554
900
1,600
5,506
177
305
3,071
198
332
3,714
448
551
4,446
106
205
2,277
63
135
1,776
49
139
1,440
101
177
1,810
105
251
1,465
169
280
1,501
411
520
5,193
157
370
3,768
162
277
3,335
202
324
3,128
p
39,000
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. $
Commercial and financial co. paper, total
do...
Financial companies
do..,
Dealer placed
do..
Directly placed
do..
Nonfinancial companies
do..
25,450
63,977
49,322
8,926
40,396
14,655
33,700
82,236
63,857
12,350
51,507
18,379
27,579
73,809
56,633
10,258
46,375
17,176
28,319
73,273
56,236
10,511
45,725
17,037
27,952
74,994
57,373
10,966
46,407
17,621
30,579
78,518
59,917
11,219
48,698
18,601
32,145
81,890
62,584
11,842
50,742
19,306
33,700
82,236
63,857
12,350
51,507
18,379
33,749
86,232
66,451
13,408
53,043
19,781
34,337
88,971
68,515
13,929
54,586
20,456
34,617
90,229
69,458
14,278
55,180
20,771
34,391
93,998
70,806
15,025
55,781
23,192
35,286
96,993 100,201 101,599
74,596 76,431 77,024
15,494 15,775 16,492
59,102 60,656 60,532
22,397 23,770 24,575
41,713
47,344
45,201
45,614
46,051
46,729
47,053
47,344
48,374
49,351
50,362
51,470
52,171
53,203
54,331
22,139
5,600
13,974
25,596
6,102
15,646
24,152
5,747
15,302
24,467
5,634
15,513
24,760
5,642
15,649
25,070
6,214
15,445
25,355
6,382
15,316
25,596
6,102
15,646
26,020
6,732
15,622
26,355
7,255
15,740
7,413
16,053
27,387
7,457
16,626
27,927
7,188
17,056
28,463
7,156
17,584
28,919
7,468
17,944
do...
do...
do..
139,889
116,303
265
102,819
11,718
139,889
35,550
26,870
93,153
153,151
123,488
1,174
110,562
11,671
153,151
36,972
31,152
103,325
146,137
123,607
1,127
108,885
11,693
146,137
39,910
28,461
95,571
148,947
126,311
954
111,739
11,679
148,947
40,773
27,705
96,534
153,075
129,675
1,365
115,279
11,668
153,075
44,430
26,830
96,572
156,320
129,266
1,207
115,322
11,655
156,320
42,563
26,260
98,154
153,098
129,255
813
113,305
11,642
153,098
39,452
31,919
100,825
153,151
123,488
1,174
110,562
11,671
153,151
36,972
31,152
103,325
147,138
119,730
4,366
101,279
11,592
147,138
34,666
29,931
99,354
147,749
121,207
1,603
103,486
11,544
147,749
34,288
29,723
99,999
151,782
124,276
963
110,940
11,479
151,782
38,451
31,714
100,654
153,422
125,070
1,256
108,588
11,416
153,422
38,888
34,587
101,767
151,844
123,456
1,330
106,185
11,354
151,844
34,835
31,602
103,748
158,096
125,206
1,558
109,737
11,323
158,096
39,637
30,407
104,794
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $.
Required
do...
Excess
doBorrowings from Federal Reserve banks
doFree reserves
do...
'36,471
'36,297
'174
'558
'-330
'41,572
'41,447
'125
'874
'-615
38,189
38,049
140
1,286
-1,003
37,666
37,404
262
1,147
-697
37,689
37,614
75
1,068
-802
38,434
38,222
212
1,261
-828
39,728
39,423
305
722
-232
41,572
41,447
125
874
-615
43,167
42,865
302
994
-580
40,703
40,494
209
973
-650
40,316
40,059
257
999
-621
40,546
40,548
-2
897
-765
40,382
40,095
287
1,777
-1,317
40,105
39,884
221
1,396
-987
120,472
200,280
143,553
6,346
3,744
29,275
252,424
113,248
203,092
144,438
5,309
981
34,086
258,061
116,955
192,013
138,220
6,632
1,444
28,213
267,169
114,813
186,539
135,136
5,592
1,031
27,563
270,102
113,870
191,858
135,128
5,802
5,970
28,666
272,480
118,184
201,237
142,470
6,709
1,303
31,091
276,533
114,248
191,695
138,612
5,672
954
29,773
280,971
113,248
203,092
144,438
5,309
981
34,086
258,061
92,461
121,400
324,557
125,534
13,638
23,904
74,600
111,547
113,934
46,111
91,857
135,919
345,594
135,467
12,172
23,520
82,621
114,293
110,097
42,847
91,590
137,422
348,636
134,981
12,490
23,576
84,410
113,853
110,888
42,777
67,250 68,111
91,633
139,485
353,784
136,710
12,865
24,022
85,882
114,813
112,020
42,917
90,783
143,895
365,297
139,878
13,048
24,692
87,588
120,965
111,176
41,484
90,044
148,290
366,087
140,573
10,971
24,119
88,929
125,474
111,498
41,317
67,823
77,865
141,940
347,246
134,038
10,655
24,166
80,655
119,560
97,953
35,549
32,437
62,404
69,103
69,692
870.6
617.0
95.6
158.0
977.7
715.4
88.8
173.5
940.0
674.0
100.8
165.2
945.9
680.6
98.3
167.0
958.1
691.6
97.8
168.7
967.3
700.9
96.0
170.4
977.6
715.1
91.4
171.1
977.7
715.4
88.8
173.5
732.4
89.4
176.8
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $..
Farm mortgage loans:
Federal land banks
do....
Loans to cooperatives
do....
Other loans and discounts
do....
Federal Reserve banks, condition, end of period:
Assets, total #
mil. $..
Reserve bank credit outstanding, total # .. do....
Time loans
do....
U.S. Government securities
do....
Gold certificate account
do....
Liabilities, total #
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
do....
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits: t
Demand, adjusted §
mil. $.
Demand, total #
Individuals, partnerships, and corp
State and local governments
U.S. Government
Domestic commercial banks
do...
do...
do...
do...
do...
Time, total #
Individuals, partnerships, and corp.:
Savings
Other time
do..
do..
do..
Loans (adjusted), total %$
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
Other loans
do..
do..
do..
do..
do..
do..
Investments, total $
U.S. Government securities, total
Investment account *
Other securities
do..
do..
do..
do..
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates), seas adj.:
Total loans and investments 1
J
bil. $.
Loans jj
do...
U.S. Government securities.
do...
Other securities
do...
77,865
141,940
347,246
134,038
10,655
24,166
80,655
119,560
97,953
35,549
32,437
70,181 62,404
r
155,056 153,280
r
126,233 127,592
r
852
1,572
111,445 113,027
11,290 11,259
r
155,056 153,280
r
34,053 33,937
r
30,279 29,407
105,957 106,900
40,900
40,710
r
190
1,179
r
-821
40,738
40,502
236
1,097
-685
101,765 98,781 97,101 101,766 96,446 99,351 103,728
176,356 180,383 169,110 181,180 181,172 178,718 187,361
124,481 126,009 120,176 128,370 129,356 124,620 130,490
5,224
5,420
4,355
5,679
4,632
5,364
4,550
1,837
826
763
1,450
1,411
862
728
29,036 31,681 26,546 28,839 30,094 30,529 32,234
258,293 257,738 256,756 250,710 248,871 247,812 249,153
101,955
76,480
142,539
341,886
131,604
10,979
23,297
81,849
124,743
98,848
34,984
31,051
63,864
76,023
142,730
343,926
133,899
10,287
22,980
82,387
115,230
100,582
36,140
31,732
64,442
76,831
141,430
345,057
135,918
9,731
22,695
83,274
113,982
102,134
36,939
32,809
65,195
76,564
138,139
355,972
140,100
11,307
23,875
84,552
117,341
102,759
36,048
31,644
66,711
76,583
137,462
356,725
141,323
10,229
23,541
86,217
117,286
104,201
37,016
31,670
67,185
77,123
137,975
364,478
143,728
11,573
24,040
88,235
117,715
103,616
35,531
30,832
68,085
r
177,448
124,242
4,341
570
30,740
252,134
77,635 77,129
139,860 143,119
372,906 376,078
147,415 147,616
12,035 11,651
25,506 25,663
90,444 92,045
118,715 120,015
103,616 104,463
35,228 34,676
30,422 29,995
68,388 69,787
1,007.7 1,012.6 1,024.3 1,035.2 1,048.7 rl,060.2
738.3
771.7 r780.5
743.4
753.0
760.2
r
90.5
92.1
95.7
97.4
91.9
34.6
177.3
178.7
181.3
182.3
179.4
180.4
1,070.0
790.7
94.5
184.8
Money and interest rates:
Discount rate (N. Y.F.R. Bank), end of year or
month
percent.
6.00
6.93
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.
3-5 year issues
See footnotes at end of tables.
do...
9.50
8.01
7.43
8.18
7.83
8.27
8.26
8.38
9.50
8.50
9.50
8.70
9.50
9.16
9.50
9.48
9.50
9.69
9.50
9.89
9.50
10.04
9.50
10.12
10.24
2
7.23
8.05
9.69
2
10.18
10.23
2
8.80
2
2
9.30
2
9.36
9.34
9.41
9.45
9.55
9.50
9.62
9.60
9.68
9.63
9.74
9.76
9.85
9.92
10.08
9.94
10.14
10.02
10.22
10.06
10.29
10.20
10.35
10.39
10.46
•10.49
10.67
10.73
10.88
3
5.59
3
5.60
3
Federal intermediate credit bank loans
doHome mortgage rates (conventional 1st
mortgages):
New home purchase (U.S. avg.)
percent.
Existing home purchase (U.S. avg.)
do...
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do...
Commercial paper (prime, 4-6 months)
do...
Finance co. paper placed directly, 3-6 mo .. do...
3
•8.11
7.99
3
7.78
8.02
7.91
7.66
7.98
7.90
7.65
8.54
8.44
8.18
9.32
9.03
8.78
10.53
10.23
9.82
10.55
10.43
10.06
10.29
10.32
10.10
10.01
10.01
9.85
9.94
9.96
9.73
9.90
9.87
9.64
9.98
9.75
9.79
9.71
9.44
9.99
9.82
9.39
10.62
10.39
9.82
7.221
3
8.30
7.074
8.54
7.036
8.31
7.836
8.38
8.132
8.61
8.787
8.97
9.122
9.23
9.351
9.36
9.265
9.16
9.457
9.25
9.493
9.32
9.579
9.30
9.045
8.89
9.262
8.88
9.450
9.08
8.83
5.49
3
5.265
3
6.85
3
September 1979
SURVEY OF CURRENT BUSINESS
S-16
1977
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
Aug.
July
Annual
1979
1978
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
CONSUMER INSTALLMENT CREDIT f
Total extended and liquidated:
Unadjusted:
Extended
mil. $.
Liquidated
doSeasonally adjusted:
Extended, total #
do..
By major holder:
Commercial banks
do..
Finance companies
do..
Credit unions
do..
Retailers
do..
By major credit type:
Automobile
do..
Revolving
do..
Mobile home
do..
Liquidated, total #
do..
By major holder:
Commercial banks
do..
Finance companies
do..
Credit unions
do..
Retailers
do..
By major credit type:
Automobile
do..
Revolving
do..
Mobile home
do..
Total outstanding, end of year or month #
do..
By major holder:
Commercial banks
do..
Finance companies
do..
Credit unions
do..
Retailers
do..
By major credit type:
Automobile
do...
Revolving
do...
Mobile home
do...
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
mil. $.
Outlays (net)
do...
Budget surplus or deficit (—)
do...
Budget financing, total
do...
Borrowing from the public
do...
Reduction in cash balances
do...
Gross amount of debt outstanding
do...
Held by the public
do...
Budget receipts by source and outlays by agency:
Receipts (net), total
mil. $.
Individual income taxes (net)
do...
Corporation income taxes (net)
do...
Social insurance taxes and contributions
(net)
mil. $.
Other
do...
Outlays, total #
do..
Agriculture Department
do..
Defense Department, military
do..
Health, Education, and Welfare
Department
mil. $
Treasury Department
do..
National Aeronautics and Space Adm
do..
Veterans Administration
do..
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance cos
bil. $.
Government securities
do...
Corporate securities
do...
Mortgage loans, total
do...
Nonfarm
do...
Real estate
do...
Policy loans and premium notes
do...
Cash
doOther assets
do..,
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total
mil. $
Ordinary (incl. mass-marketed ord.)
do..
Group
do..
Industrial
do..
See footnotes at end of tables.
r
25,707
r
25,266
21,234
28,313
22,596
24,859
21,086
'27,494 '22,609 '21,999 '26,461 '27,016 '29,762 '28,023
22,087 '21,301 '22,901 '21,317 '24,027 '22,896 '25,022 '23,482
27,702
24,506
25,022
25,669
25,537 '25,766 '25,956 '26,516 '25,548 '26,452 '26,533 '27,009 '27,901 '26,139
26,848
12,187
4,261
3,271
3,477
12,255
4,348
3,379
3,725
12,123 12,190 '12,211
4,372
4,605 '4,519
3,530
3,360
3,401
3,571
3,718
3,518
12,412 '13,111 '13,400 '12,278
'4,958 '5,239 '5,186 '4,641
3,250
2,753
2,986
3,124
3,611
3,742
3,853
3,721
12,292
5,353
3,282
3,687
7,652
8,700
509
21,556
7,744
9,028
531
22,037
7,756 '7,794 '7,999 '8,260 '7,178
7,833 '7,549
7,542
7,501 '7,788
9,176
9,417
9,714
9,357
9,722 '10,039 10,136
9,424
9,006
8,846
486
'518
454
'510
'547
502
369
'668
494
604
21,857 '22,390 '22,124 '22,117 '22,481 '22,889 '22,908 '22,904 '24,595 '23,581
7,447
9,856
519
24,405
10,087
3,590
2,758
3,333
254,071 '298,351
218,793 r253,541
10,470
3,612
2,766
3,383
10,409
3,525
2,721
3,390
25,290
22,852
r
10,565
r
3,748
2,757
3,403
10,551
'3,503
2,751
3,385
12,521
'4,695
3,526
3,612
10,441
'3,598
2,753
3,416
12,153
'4,551
3,241
3,565
10,823
'3,204
2,881
3,655
12,430
'5,072
3,238
3,460
10,800
'3,612
2,836
3,681
10,947 '10,994 '11,735 '11,294
'3,730 '3,861 '4,293 '3,728
2,722
2,614
3,000
2,842
3,468
3,436
3,438
3,565
11,630
4,168
2,940
3,507
6,831
6,053 '5,868
6,191 '6,308 '6,612 '7,035 '6,488
5,941
6,140
6,010
6,126 '6,033
8,511
8,972
8,804 '9,290
9,427
8,555
8,984
9,040
9,340
8,100
8,384
8,291
8,500
'410
'428
411
329
398
'434
445
447
431
426
422
579
452
230,829 '275,629 253,897 259,614 263,387 '265,814 '269,436 '275,629 '275,337 '276,019 '278,453 '282,575 '287,315 '291,856 295,052
112,373
44,868
37,605
23,490
82,911
39,274
15,141
1
357,762
'402,725
1
-44,963
'44,963
'53,516
'-8,553
'709,138
'551,843
136,189 126,619 129,622 131,403 132,702 133,908 136,189 136,452 136,671 137,445 '139,843 '142,102 '144,035 145,169
r
54,298 49,502 50,558 51,280 r51,977 '53,090 '54,298 '54,995 '55,929 '56,991 '58,334 '59,635 '60,996 62,463
45,939 42,355 43,499 44,325 44,635 45,305 45,939 45,526 45,661 46,301 46,322 46,832 47,478 47,772
24,876 21,828 22,093 22,302 22,464 23,006 24,876 23,962 23,246 22,929 23,097 23,421 23,672 23,713
102,468
47,051
16,042
95,289
40,553
15,663
97,687
41,629
15,799
99,062 100,159 101,565 102,468 102,890 103,780 105,426 '107,186 '109,211 '110,930 111,952
42,420 42,579 43,523 47,051 46,516 45,586 45,240 45,781 '46,489 '47,458 47,894
15,910 15,925 16,017 16,042 16,004 16,008 16,092 16,198 16,453 '16,607 16,719
'401,997 29,194 35,040 42,591 28,745 33,227 37,477 38,364 32,639 31,144 52,230 38,287 53,910
'450,836 36,426 39,572 38,935 42,691 39,134 41,392 41,095 37,739 43,725 40,752 41,618 40,687
'-48,839 -7,232 -4,532
3,655 -13,946 -5,907 -3,915 -2,731 -5,100 -12,581 11,478 -3,331 13,223
5,907
2,731
5,100 12,581 -11,478
3,331 -13,223
3,915
'48,839
7,232
4,532 -3,655 13,946
3,312
5,236
-668
8,012 -4,965
1,806 -1,458
'59,106
3,195
3,533
9,039
2,821
6,484
-581
671
'-10,267
4,037 -4,057 -6,476
382
5,768
4,569 -6,513
1,525 -11,765
7,462
'780,425 760,203 773,340 780,425 785,267 791,563 797,694 798,733 800,470 804,624 804,046 812,220 812,247
'610,948 599,089 608,128 610,948 617,433 622,669 626,202 629,513 628,845 636,857 631,893 633,698 632,241
'357,762 '401,997
1
157,626 '180,988
'54,892 '59,952
29,194
14,590
1,785
35,040
14,784
1,122
42,591
20,883
9,753
28,745
15,922
1,684
33,227
16,609
1,048
37,477
16,066
10,386
38,364
23,667
2,146
32,639
14,509
1,281
31,144
8,255
9,301
52,230
25,029
9,767
38,287
14,575
1,403
53,910
25,568
15,640
1
108,688 '123,410
'36,556 '37,647
'402,725 '450,836
'16,738 '20,368
'95,650 '103,042
9,518
3,300
36,426
1,336
8,285
15,587
3,547
39,572
1,200
9,552
8,515
3,439
38,935
1,865
8,811
7,805
3,335
42,691
1,696
9,164
11,923
3,647
39,134
2,654
9,224
7,716
3,309
41,392
2,859
9,383
9,429
3,121
41,095
3,352
9,218
13,614
3,235
37,739
1,712
8,920
10,373
3,216
43,725
1,724
9,979
14,165
3,269
40,752
1,999
9,329
18,652
3,657
41,618
1,178
9,830
9,375
3,326
40,687
550
9,838
'147,455 '162,856
'50,384 '56,355
'3,944
'3,980
'18,019 '18,962
13,122
5,180
324
608
14,417
3,727
320
1,528
14,402
3,585
344
1,440
14,103
5,714
300
1,645
14,512
3,990
350
1,665
15,017
7,479
333
2,648
14,416
5,068
354
754
14,584
4,470
365
1,620
15,762
4,399
389
2,715
14,728
6,363
198
837
15,384
4,718
366
1,691
15,282
8,204
389
2,495
351.72
23.55
171.65
96.85
88.01
11.06
27.56
2.13
18.92
389.92
26.55
191.56
106.17
95.67
11.76
30.15
2.37
21.37
374.76
24.51
187.64
100.36
90.53
11.56
28.80
1.43
20.45
378.65
24.94
189.84
101.37
91.41
11.53
29.03
1.46
20.48
381.91
25.66
190.88
102.17
92.05
11.57
29.25
1.44
20.94
383.36
26.23
190.30
102.97
92.70
11.67
29.48
1.51
21.20
386.38
26.63
191.56
103.94
93.58
11.67
29.78
1.58
21.22
389.92
26.55
191.56
106.17
95.67
11.76
30.15
2.37
21.37
394.18
27.09
195.01
106.55
96.04
11.86
30.47
1.57
21.53
396.19
27.22
196.34
107.38
96.71
11.94
30.78
1.42
21.60
400.08
27.56
197.80
108.42
97.50
11.99
31.16
1.25
21.91
402.96
27.84
198.83
109.20
98.12
12.09
31.51
1.57
21.92
405.63
28.00
200.16
110.02
98.77
12.10
31.83
1.35
22.16
409.85
28.18
202.02
111.12
99.65
12.20
32.13
1.55
22.65
367,335
242,842
117,960
6,533
407,042
279,044
121,729
6,269
28,660
21,028
7,138
494
32,685
23,912
8,255
518
34,616
22,486
11,644
486
34,172
25,007
8,509
656
34,801
24,321
9,946
534
49,497
28,484
20,573
440
32,111
21,480
10,200
432
31,459
22,204
8,842
413
38,278
26,819
10,913
546
33,739
26,097
7,118
523
37,131
27,798
8,821
512
41,499
27,336
13,692
471
35,420
25,922
9,080
418
Aug.
September 1979
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
1977
1979
1978
1978
Annual
S-17
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FINANCE—CONTINUED
MONETARY STATISTICS
Gold and silver:
Gold:
11,719
Monetary stock, U.S. (end of period)
mil. $
11,671
426
Net release from earmark §
do..
525
Exports
thous. $ 1,042,625 1,113,795
674,026 903,023
Imports
do..
Production:
South Africa
mil. $
955.4
Canada
do..
70.4
Silver:
Exports
thous. $.
84,645 119,125
Imports
do... 354,818 389,015
Price at New York
dol. per fine oz.
4.623
5.401
Production:
27,519
United States
thous. fine oz.
23,972
Currency in circulation (end of period)
bil. $.
103.8
114.6
Money supply and related data (avg. of daily fig.):
Unadjusted for seasonal variation:
Total money supply
bil. $.
327.4
352.8
Currency outside banks
do...
84.8
93.2
Demand deposits
do...
242.6
259.6
Time deposits adjusted I
do...
517.1
580.2
U.S. Government demand deposits
fl
do...
4.2
5.4
Adjusted for seasonal variation:
Total money supply
do...
Currency outside banks
do...
Demand deposits
do...
Time deposits adjusted \
do...
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes, all industries
mil. $.
70,366 r81,148
5,575
Food and kindred products
do...
6,213
Textile mill products
do...
828
1,170
Paper and allied products
do...
2,367
2,598
Chemicals and allied products
do...
8,060
9,117
Petroleum and coal products
do...
12,179 12,805
Stone, clay, and glass products
do...
1,686
2,353
Primary nonferrous metal
do...
873
1,362
2,124
Primary iron and steel
do...
864
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $.
3,458
3,815
Machinery (except electrical)
do...
9,131
10,746
5,383
6,500
Elec. machinery, equip., and supplies
do...
Transportation equipment (except motor
1,989
vehicles, etc.)
mil. $.
2,374
6,133
Motor vehicles and equipment
do...
6,211
11,840
13,760
All other manufacturing industries
do...
Dividends paid (cash), all industries
do...
26,585
28,932
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
mil. $.
56,438
51,093
By type of security:
Bonds and notes, corporate
do...
39,879
35,975
Common stock
do...
8,047
7,956
3,916
2,832
Preferred stock
do...
By type of issuer:
51,836
Corporate, total #
mil. $.
46,764
13,754
Manufacturing
do...
11,065
2,682
3,114
Extractive (mining)
do...
13,705
12,336
Public utility
do...
Transportation
do...
1,802
1,763
Communication
do...
4,442
3,638
11,690
Financial and real estate
do...
10,958
State and municipal issues (Bond Buyer):
45,060
46,215
Long-term
do...
21,349
21,642
Short-term
do...
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
9,993
11,035
or month
mil. $.
640
Free credit balances at brokers:
835
2,060
Margin accounts
do...
2,510
Cash accounts
do...
See footnotes at end of tables.
2 9 9 - 7 2 2 0 - 79 - S3
11,693
26
40,906
32,994
11,679 11,668 11,655 11,642
23
22
5
19
29,538 269,917 45,804 207,133
71,754 58,454 121,231 74,477
11,671 11,592 11,544 11,479 11,418 11,354 11,323 11,290
25
34
6
20
25
62
16
15
18,078 247,736 292,397 349,738 332,623 441,315 309,958 460,706
75,253 53,828 37,323 56,015 40,511 123,863 114,203 84,965
81.1
5.9
82.8
5.8
83.6
5.5
79.8
6.0
79.4
5.8
74.3
6.1
77.3
78.1
80.6
79.8
82.3
79.7
80.2
6,079
32,209
5.331
12,468
33,105
5.495
21,038
30,572
5.575
12,472
35,716
5.918
8,444
29,985
5.866
5,539
30,556
5.928
8,873
32,158
6.255
15,264
38,667
7.417
11,213
95,502
7.445
6,443
29,122
7.492
12,462
61,630
8.373
13,940
50,062
8.538
10,668
52,809
9.135
1,526
106.6
1,434
107.6
2,456
107.7
2,045
109.3
1,645
112.1
3,870
114.6
1,467
110.7
1,690
111.3
2,473
112.0
1,679
113.2
1,759
115.4
2,346
116.6
2,231
117.9
356.2
93.9
262.3
582.4
4.4
354.1
94.2
259.9
587.4
3.5
358.5
94.9
263.6
592.9
6.2
361.0
95.6
265.3
597.4
4.2
362.6
97.3
265.3
604.8
8.0
371.3
99.1
272.2
609.7
10.2
365.4
97.4
268.0
615.3
11.9
351.9
97.6
254.2
618.7
8.3
353.7
98.6
255.1
622.0
6.5
367.4
99.9
267.5
622.1
5.3
359.1
100.6
258.5
622.0
8.4
368.2
101.8
266.4
622.2
10.8
354.4
93.2
261.2
582.1
356.7
93.9
262.8
587.4
360.7
95.2
265.5
593.5
361.2
95.8
265.3
597.7
360.6
96.6
264.0
608.5
361.2
97.5
263.7
611.2
359.7
98.2
261.5
615.8
358.6
98.9
259.7
620.2
359.0
99.4
259.5
619.5
364.3
100.2
264.1
620.6
364.5
100.7
263.8
619.9
369.0
101.5
267.5
620.3
r
r
r
22,637
1,457
246
867
2,729
r
3,938
291
601
617
1,000
2,501
1,742
669
1,015
3,637
7,047
658
2,164
3,524
7,130
712
1,699
3,726
8,560
372.1
102.4
269.8
626.6
374.2
103.6
270.6
634.2
r
3,877
1,459
864
1,917
3,936
8,164
r
r
r
r
r
5,181
r
r
r
r
3,292
407
4,247
3,329
4,542
4,916
3,413
3,516
456
172
2,421
625
157
3,269
807
127
2,649
1,422
62
2,436
577
149
826
424
4,144
843
500
793
261
376
1,147
3,203
740
278
877
95
552
385
4,203
1,116
184
1,379
133
215
690
4,133
498
430
1,626
67
302
750
3,162
840
53
761
66
457
814
4,643
1,323
465
664
221
460
978
3,683
1,598
6,020
1,760
2,289
1,937
3,272
1,273
4,026
978
3,854
2,077
2,695
1,596
2,502
1,546
11,438
11,984
12,626
12,307
11,209
11,035
10,955
710
2,295
795
2,555
825
2,655
885
2,465
790
2,305
835
2,510
810
2,565
4,660
371.5
103.9
267.7
634.1
9.8
1,280
3,036
1,943
967
3,042
1,759
r
374.0
103.2
270.9
627.0
13.2
r
26,778
1,918
355
917
2,925
5,221
755
745
966
1,028
2,710
1,807
22,603
1,797
307
734
2,473
r
3,667
660
469
591
20,357
1,522
306
614
2,242
r
3,418
765
308
618
81.0
4,851
3,345
763
171
r
4,279
r
934
r
420
r
917
r
120
429
r
l,214
3,556
2,029
712
201
r
2,942
r
399
142
1,086
r
222
558
304
4,778
4,056
441
231
r
4,728
r
763
101
1,331
r
235
582
1,363
4,584
3,805
r
424
155
r
184
4,384
r
820
170
r
848
r
259
r
261
1,902
3,883
1,173
182
855
4,525
1,354
3,138
4,406
2,917
762
10,989
11,056
11,416
11,314
11,763
775
2,430
830
2,490
835
2,550
840
2,590
897
2,880
168
104
1,141
r
4,491
1,660
3,287
1,571
September 1979
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
1979
1978
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composite §
dol. per $100 bond.
Domestic municipal (15 bonds)
do...
U.S. Treasury bonds, taxable
fl
do...
Sales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $.
Yields:
Domestic corporate (Moody's)
percent.
By rating:
Aaa
do...
Aa
do...
A
doBaa
doBy group:
Industrials
do...
Public utilities
do...
Railroads
do—
Domestic municipal:
Bond Buyer (20 bonds)
do...
Standard & Poor's Corp. (15 bonds)
do...
U.S. Treasury bonds, taxable t
do...
Stocks
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation: §
Combined index (500 Stocks)
1941-43=10..
Industrial, total (400 Stocks) #
do.
Capital goods (111 Stocks)
do.
Consumer goods (189 Stocks)
do....
Utilities (40 Stocks)
do....
Transportation (20 Stocks)
1970=10..
Railroads (10 Stocks)
1941-43=10..
Financial (40 Stocks)
1970=10..
NewYorkCity banks(6 Stocks) 1941-43=10..
Banks outside N.Y.C. (10 Stocks)
do....
Property-Casualty Insurance (6 Stocks) do....
New York Stock Exchange common stock indexes:
Composite
12/31/65=50..
Industrial
do,
Transportation
do.
Utility
do—
Finance
do...
Yields (Standard & Poor's Corp.):
Composite (500 stocks)
percent.
Industrials (400 stocks)
do...
Utilities (40 stocks)
doTransportation (20 stocks)
do...
Financial (40 stocks)
do...
Preferred stocks, 10 high-grade
do...
Sales:
Total on all registered exchanges (SEC):
Market value
mil. $.
Shares sold
millions.
On New York Stock Exchange:
Market value
mil. $.
Shares sold (cleared or settled)
millions.
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions.
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $.
Number of shares listed
millions.
59.6
81.3
56.89
55.6
77.9
51.26
54.5
75.2
49.97
56.1
77.0
51.32
56.1
77.6
51.67
54.7
77.4
50.11
54.3
76.6
49.54
53.3
73.8
48.38
52.8
74.6
47.97
52.6
75.1
47.97
52.2
75.4
47.84
52.3
75.6
47.89
51.9
76.0
47.24
53.5
77.0
48.61
53.4
76.4
48.39
53.0
75.9
48.01
4,646.35
4,554.01
348.52
459.78
393.73
392.14
334.59
320.23
329.73
235.52
275.46
279.00
289.25
305.01
280.72
368.70
8.43
9.07
9.22
9.08
9.04
9.20
9.40
9.49
9.65
9.63
9.76
9.81
9.96
9.81
9.69
9.74
8.02
8.24
8.49
8.97
8.73
8.92
9.12
9.49
8.88
9.07
9.33
9.60
8.69
8.96
9.18
9.48
8.69
8.92
9.11
9.42
9.07
9.26
9.59
9.03
9.24
9.48
9.83
9.16
9.33
9.53
9.94
9.25
9.48
9.72
10.13
9.26
9.50
9.68
10.08
9.37
9.61
9.81
10.26
9.38
9.65
9.88
10.33
9.50
.9.86
10.00
10.47
9.29
9.66
9.89
10.38
9.20
9.49
9.75
10.29
9.23
9.53
9.85
10.35
8.28
8.58
8.13
8.90
9.22
8.64
9.05
9.38
8.70
8.95
9.21
8.72
8.90
9.17
8.68
9.03
9.37
8.74
9.21
9.58
9.01
9.31
9.67
9.15
9.44
9.85
9.21
9.42
9.84
9.22
9.50
10.02
9.30
9.57
10.05
9.38
9.69
10.23
9.48
9.57
10.04
9.44
9.47
9.90
9.45
9.52
9.97
9.48
5.67
5.56
7.06
6.07
5.90
7.89
6.12
6.18
8.09
6.16
5.98
7.87
6.09
5.93
7.82
6.22
5.95
8.07
6.29
6.03
8.16
6.61
6.33
8.36
6.22
6.25
8.43
9.42
6.19
8.43
9.28
6.16
8.45
6.27
6.14
8.44
6.16
6.10
8.55
6.12
5.99
8.32
6.14
6.05
8.35
6.36
6.10
8.42
301.70
894.62
110.96
225.16
282.59
817.17
104.24
221.80
287.85
831.71
105.54
227.06
306.73
887.93
108.51
248.96
305.26
878.64
106.67
250.25
294.58
857.69
103.88
234.64
274.07
804.29
98.40
211.93
274.87
807.94
99.38
211.12
283.85
837.39
102.24
216.85
280.06
825.18
103.75
210.41
286.50
847.84
103.85
216.44
294.69
864.96
103.23
231.81
286.65
837.41
100.26
227.92
293.01
838.65
104.59
239.68
297.04
836.95
107.43
248.42
310.60
873.55
108.80
265.75
98.20
108.44
106.79
85.27
54.23
14.06
49.94
11.63
47.34
98.23
112.42
96.02
106.16
104.38
84.80
51.64
13.81
45.35
11.53
43.70
100.99
106.96
97.19
107.39
105.16
86.68
52.32
14.00
43.97
11.75
43.62
100.76
106.90
103.92
114.99
115.19
92.45
53.35
15.41
47.26
12.85
48.02
113.19
117.48
103.86
115.11
113.94
91.30
52.54
15.46
48.19
12.76
48.01
114.25
115.64
100.58
111.56
111.37
88.00
51.28
14.62
47.63
12.23
48.13
111.80
110.98
94.71
105.23
103.38
81.71
49.04
13.17
43.56
11.21
43.61
99.93
101.35
96.11
106.92
105.82
82.53
49.32
13.10
43.37
11.36
43.19
100.78
105.07
99.71
111.15
112.08
84.42
50.33
13.46
44.45
11.68
44.12
102.32
108.73
98.23
109.49
110.66
81.80
50.74
13.08
44.92
11.28
41.91
97.54
108.22
100.11
111.66
114.50
82.70
50.62
13.48
46.64
11.63
42.54
99.28
116.11
102.07
113.95
116.32
84.03
50.09
14.18
49.75
11.97
44.24
101.93
118.88
99.73
111.24
113.76
81.79
48.65
14.07
49.88
11.85
44.18
100.47
117.03
101.73
112.98
114.76
83.30
50.57
14.65
52.60
12.51
44.93
104.76
120.67
102.71
113.63
114.08
82.40
51.73
15.20
54.73
13.01
46.61
109.29
122.13
107.36
118.93
119.82
87.54
52.52
16.18
57.62
13.69
49.26
117.81
125.91
53.69
57.86
41.08
40.92
55.25
53.70
58.23
43.50
39.22
56.65
54.61
59.35
44.74
39.28
57.97
58.53
64.07
49.45
40.20
63.28
58.58
64.23
50.19
39.82
63.22
56.40
61.60
46.70
39.44
60.42
52.74
57.50
41.80
37.88
54.95
53.69
58.72
42.49
38.09
55.68
55.77
61.31
43.69
38.79
57.59
55.08
60.37
42.27
39.21
56.09
56.19
61.89
43.22
38.94
57.65
57.50
63.63
45.92
38.63
59.50
56.21
62.21
45.60
37.48
58.80
57.61
63.57
47.53
38.44
61.87
58.38
64.24
48.85
38.88
64.43
61.19
67.71
52.48
39.26
68.40
4.62
4.43
7.39
3.98
4.30
7.61
5.28
5.06
8.33
4.49
5.03
8.24
5.25
5.04
8.23
4.40
4.98
8.42
4.93
4.72
8.15
4.05
4.63
8.26
4.97
4.75
8.31
4.04
4.70
8.24
5.11
4.88
8.47
4.23
4.86
8.29
5.45
5.18
8.98
4.82
5.40
8.43
5.39
5.13
8.99
4.99
5.38
8.84
5.28
4.99
8.94
4.92
5.35
8.79
5.43
5.15
8.96
5.07
5.59
8.77
5.36
5.08
8.97
4.89
5.45
8.77
5.35
5.07
9.09
4.65
5.50
8.75
5.58
5.30
9.42
4.78
5.67
8.82
5.53
5.27
9.07
4.60
5.50
8.87
5.50
5.26
8.92
4.48
5.42
8.93
9.02
187,203
7,023
249,257
9,602
18,318
669
30,452
1,099
27,342
1,136
22,016
801
20,091
788
16,820
654
20,752
754
17,595
629
23,356
851
22,769
839
22,006
811
25,683
962
157,250
5,613
9,483
7,618
15,229
534
26,123
895
1,016
790
18,476
17,248
637
14,078
522
17,868
615
14,953
514
19,613
688
19,191
671
18,252
635
21,318
754
5,274
7,205
541
672
682
515
493
616
476
650
621
624
728
681
825
796.64
822.74
27,573
864.13
26,940
883.85
27,152
792.03
27,243
811.60
27,401
822.74
27,573
858.65
27,626
828.79
27,726
877.86
27,837
882.00
27,970
863.40
28,216
901.56
29,285
912.84
29,371
964.41
29,504
890.57
27,012
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
10,944.7 11,621.8 12,714.4 13,157.4 13,672.3 13,532.9
Exports (mdse.), incl. reexports, total @ @ .... mil. $. 121,212.3
Excl. Dept. of Defense shipments
Seasonally adjusted @
12,561.3 12,932.5 15,586.7 14,267.3 14,818.9 15,365.9 14,731.8
10,934.0 11,613.9 12,713.1 13,153.6 13,655.4 13,531.0 12,558.1 12,928.5 15,584.4 14,257.0 14,812.9 15,344.5 14,725.7
11,661.5 12,293.7 13,274.2 12,901.1 13,450.6 13,282.5 13,131.8 13,506.8 14,452.0 13,882.6 13,862.1 15,037.6 15,668.9
d o - 121,150.4
do...
aphic regions:
Asia
Australia and Oceania
Europe
do..
do..
do..
do-
5,545.6
31,435.8
2,876.5
37,304.2
5,885.5
39,628.2
3,462.1
43,614.9
544.4
3,209.4
256.8
3,076.2
435.2
3,346.8
260.6
3,467.7
486.6
3,589.0
355.8
3,829.2
510.2
3,583.3
354.7
3,786.4
427.3
3,720.0
433.2
4,308.4
504.3
3,910.3
303.9
4,154.0
425.6
3,358.8
395.9
4,048.3
506.0
3,669.6
274.1
4,222.2
524.2
4,197.9
334.9
5,302.9
458.4
3,827.6
336.4
4,595.4
497.3
3,737.0
361.5
4,998.8
529.5
4,052.6
352.6
4,885.5
r
480.0
4,375.5
315.6
4,609.6
Northern North America
Southern North America
South America
do..
do..
do..
25,791.4
8,676.5
9,283.5
28,373.1
11,026.5
10,989.5
1,995.5
868.9
927.9
2,143.8
969.9
901.6
2,397.0
956.6
1,047.4
2,806.0
1,033.1
981.2
2,583.7
1,109.6
1,023.5
2,512.3
1,051.6
1,072.6
2,424.8
1,028.0
879.9
2,378.9
1,041.9
839.8
3,052.8
1,152.7
1,021.2
2,804.8
1,178.4
971.3
2,919.6
1,179.1
1,007.3
2,941.0
1,330.3
1,176.9
2,527.7
1,119.0
1,222.0
See footnotes at end of tables.
September 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
S-19
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS—Continued
Exports (mdse.), incl. reexports—Continued
By leading countries:
Africa:
Egypt
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan
mil. $.
do...
982.4
1,054.4
1,134.1
1,079.6
110.7
76.1
80.8
90.7
86.7
92.2
86.6
118.0
90.6
115.6
112.3
76.7
85.9
130.3
103.5
173.3
103.6
113.5
108.2
140.7
108.9
122.5
122.3
do...
do...
do...
do...
2,375.6
778.6
292.7
560.7
2,941.9
947.9
495.7
728.4
219.4
84.7
16.3
72.6
216.4
70.1
40.0
59.4
312.5
86.7
54.8
70.9
296.6
49.0
48.9
69.5
382.7
63.6
21.1
58.0
254.7
84.7
64.9
66.4
340.7
61.2
42.0
58.0
232.2
110.4
73.6
61.3
285.5
98.3
53.9
77.8
286.5
74.0
60.1
66.7
312.2
57.7
24.6
76.4
294.9
73.6
38.1
89.4
do...
do...
do...
763.2
875.9
10,528.9
751.4
1,040.0
12,885.1
59.2
88.2
1,046.7
53.8
87.3
1,092.3
56.2
88.8
1,193.5
60.0
87.1
1,248.9
48.1
109.3
1,369.1
53.1
99.6
1,280.8
44.4
112.6
1,225.2
51.7
100.4
1,365.4
74.8
115.1
1,609.7
71.2
130.9
1,317.2
107.3
130.2
1,257.7
79.4
112.1
1,505.2
109.2
147.9
1,584.8
3,503.2
4,166.3
280.1
415.2
395.5
373.9
431.4
375.2
443.5
368.7
546.6
470.7
410.4
438.6
392.5
36.1
170.4
0.3
11.5
15.4
17.2
30.6
23.7
9.9
6.6
32.9
26.2
33.1
31.1
9.2
5,988.8
6,956.9
472.7
542.2
802.6
668.4
694.7
685.4
626.5
606.5
811.2
647.6
679.5
650.9
610.1
do...
do...
do...
2,789.6
1,627.5
5,950.9
3,360.4
2,252.3
7,118.7
258.0
170.9
460.6
222.6
163.0
534.0
275.1
97.0
575.9
302.0
96.5
593.1
286.5
79.4
761.5
373.0
121.2
620.6
314.0
152.1
772.4
315.6
174.5
812.3
406.3
271.0
962.1
363.5
273.7
864.5
378.5
234.6
866.6
364.9
352.4
766.5
273.5
364.5
903.5
do...
25,788.1
28,371.6
1,995.4
2,143.8
2,396.9
2,805.9
2,583.6
2,512.1
2,424.7
2,378.7
3,052.8
2,804.6
2,919.6
2,940.9
2,527.7
do...
do...
do...
do...
do...
do...
do...
16,371.1
731.1
2,489.8
520.2
782.0
4,806.1
3,170.5
20,182.7
841.8
2,978.3
724.6
1,046.0
6,680.5
3,726.9
1,662.7
73.3
275.7
76.3
73.3
543.3
289.6
1,720.5
67.5
251.8
69.5
81.0
597.9
292.3
1,843.7
76.2
278.6
77.2
96.1
598.8
375.9
1,853.9
83.1
239.1
70.7
122.7
663.2
316.3
1,952.3
79.3
289.2
71.1
111.1
705.3
327.6
1,950.5
121.3
253.8
90.3
116.1
663.9
320.4
1,753.5
147.9
186.6
53.4
80.0
659.4
281.1
1,720.2
84.3
207.9
56.9
91.2
678.3
265.9
1,974.0
99.2
272.9
53.1
99.2
711.1
330.1
1,969.1
112.1
232.9
50.3
102.3
763.2
353.4
2,001.2
143.0
228.9
56.9
108.9
755.3
312.9
2,320.9
124.9
254.6
86.6
181.6
905.3
343.6
2,169.9
155.4
321.8
81.0
128.0
718.9
353.9
Europe:
France
do...
German Democratic Republic (formerly
E. Germany)
mil. $.
Federal Republic of Germany (formerly
W. Germany)
mil. $.
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American republics, total #
Argentina
Brazil
Chile
Colombia
Mexico
Venezuela
Exports of U.S. merchandise, total §
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
do... 119,005.5 141,154.2
do... 118,943.7 141,068.9
do... 23,671.0 29,406.9
do... 94,291.8 111,747.2
By commodity groups and principal
commodities:
Food and live animals #
mil. $..
Meats and preparations (incl. poultry).... do....
Grains and cereal preparations
do....
14,115.7
796.9
8,754.8
Beverages and tobacco
do..
do...
do...
do...
do...
13,086.3
1,529.5
4,393.2
1,197.0
mil. $.
do...
do...
18,333.2
957.8
11,634.0
1,846.8
Crude materials, inedible, exc. fuels #
Cotton, raw, excl. linters and waste
Soybeans, exc. canned or prepared
Metal ores, concentrates, and scrap
1
4,183.6
2,730.4
1,275.6
Mineral fuels, lubricants, etc. #
Coal and related products
Petroleum and products
r
r
82.8
122.0
259.5
82.6
70.2
74.9
10,780.0 11,429.3 12,505.7 12,926.4 13,433.5 13,303.9 12,352.5 12,708.7 15,300.1 14,020.8 14,534.9 15,102.6 14,496.0
10,769.4 11,421.4 12,504.4 12,922.6 13,416.5 13,302.1 12,349.4 12,704.7 15,297.8 14,010.5 14,529.0 15,081.1 14,489.9
2,133.8 2,391.1 2,268.0 2,665.8 2,806.7 2,738.3 2,431.9 2,356.4 2,877.3 2,651.5 2,509.1 2,760.6 2,715.2
8,646.2 9,038.2 10,237.7 10,260.6 10,626.8 10,565.6 9,920.6 10,352.3 12,422.8 11,369.4 12,025.8 12,342.0 11,780.8
1,540.6
64.8
1,008.5
1,716.2
90.7
1,107.2
1,645.7
93.2
1,049.2
1,597.9
94.4
937.8
1,513.7
95.0
885.2
1,555.2
88.6
945.4
1,313.3
78.8
766.9
1,314.3
77.2
788.6
1,581.0
94.7
929.9
1,528.1
86.8
960.8
1,584.8
90.0
1,039.4
1,905.2
106.9
1,225.3
2,053.3
87.5
1,397.2
*2,292.8
161.6
213.3
176.9
251.3
281.1
259.7
135.4
171.2
223.2
202.3
183.1
175.8
176.4
15,552.8
1,739.6
5,210.4
1,838.9
992.5
132.2
238.6
152.0
1,083.4
153.7
271.9
162.1
1,111.9
114.4
262.6
179.8
1,470.4
84.7
593.2
176.6
1,678.4
112.5
696.7
201.4
1,556.5
154.3
493.7
202.1
1,550.4
175.0
557.3
182.5
1,513.5
192.4
393.5
201.9
1,837.5
188.7
644.4
226.6
1,668.0
198.1
517.1
211.9
1,626.7
174.7
349.4
296.3
1,605.2
197.2
319.0
248.1
1,434.6
133.5
260.3
296.1
1
3,878.3
2,122.6
1,561.3
321.7
180.2
118.9
335.4
181.7
139.1
348.0
176.7
156.8
422.1
256.1
152.7
465.9
317.8
137.3
417.9
236.3
163.3
350.2
202.4
138.2
292.0
154.0
119.7
435.7
258.8
152.3
467.0
279.6
169.1
471.2
325.9
139.3
499.8
316.7
157.4
534.0
330.0
188.4
130.7
120.9
156.3
113.9
121.0
147.0
145.8
173.2
171.3
129.6
104.4
187.6
157.6
12,618.3
1,077.2
1,149.1
1,197.9
1,085.0
1,174.4
1,137.0
1,235.6
1,155.6
1,522.3
1,289.8
1,320.8
1,513.2
1,433.2
939.4
164.2
129.4
80.7
1,024.7
180.9
149.3
86.1
1,132.5
202.5
149.7
119.1
1,120.8
212.6
164.3
88.2
1,134.3
230.9
149.0
104.4
1,186.6
224.0
174.7
104.7
1,121.5
219.0
153.7
128.0
1,135.3
222.6
157.2
113.5
1,384.1
263.8
198.8
129.3
1,228.5
238.8
184.5
126.3
1,355.0
266.8
183.8
141.4
1,468.1
286.9
208.4
153.2
1,230.3
243.7
194.0
116.9
1
Oils and fats, animal and vegetable
do...
1,308.7
Chemicals
do...
10,812.3
1
Manufactured goods #
Textiles
Iron and steel
Nonferrous base metals
do...
do...
do...
do...
10,857.0
1,958.9
1,660.5
1,058.4
1
X
12,430.3
2,225.4
1,713.9
1,047.8
Machinery and transport equipment,
total
mil. $.
50,247.6
59,257.9
4,478.9
4,592.7
5,141.5
5,584.4
5,497.3
5,713.5
5,040.1
5,394.3
6,325.1
5,843.9
6,047.2
5,984.1
5,651.0
Machinery, total #
Agricultural
Metalworking
Construction, excav. and mining
Electrical
do...
do...
do...
do...
do...
32,516.6
1,871.1
730.3
4,405.5
10,285.3
37,022.3
2,151.5
1,188.4
681.8
6,966.9
2,912.3
166.3
92.5
r
87.4
549.1
2,933.3
146.0
102.8
47.5
581.8
3,211.4
148.4
89.0
49.0
624.4
3,358.1
158.4
100.0
50.7
628.4
3,296.7
167.3
100.4
52.3
603.5
3,553.8
193.0
121.5
66.0
636.3
3,160.7
183.1
89.3
79.6
609.8
3,324.3
184.2
111.6
74.9
642.3
3,971.7
275.3
119.6
117.6
748.3
3,580.2
259.9
106.7
107.9
703.6
3,806.1
267.5
139.3
105.4
738.7
3,875.1
235.0
129.0
114.4
750.2
3,556.8
224.7
120.0
105.7
673.7
Transport equipment, total
do...
Motor vehicles and parts
do...
18,520.0
11,796.5
22,248.0
13,234.9
1,574.5
873.2
1,666.4
878.5
1,930.7
1,124.4
2,228.3
1,330.3
2,200.6
1,207.2
2,160.3
1,135.4
1,879.7
1,108.6
2,072.0
1,250.5
2,354.4
1,395.4
2,264.8
1,259.0
2,243.0
1,451.5
2,125.9
1,399.9
2,095.7
1,037.2
Miscellaneous manufactured articles
do...
8,233.9
777.5
855.8
891.1
953.1
925.1
921.6
873.2
916.8
1,133.2
965.3
1,071.7
1,074.8
997.6
Commodities not classified
do...
4,313.6
349.2
329.9
702.5
323.9
625.3
407.2
584.0
638.6
684.5
688.1
764.1
667.4
821.8
VALUE OF IMPORTS
do... 147,685.0 172,025.5
do...
14,703.9 14,024.0 14,416.9 15,118.3 15,054.9 14,956.3 15,846.3 13,776.3 15,764.8 16,172.0 16,511.5 17,435.6 17,115.0
14,544.7 14,132.6 14,819.7 14,851.6 14,824.7 15,031.8 16,231.1 14,806.3 15,273.3 16,035.8 16,341.9 16,937.4 16,776.6
do...
do...
do...
do...
17,120.9
49,312.0
1,727.7
28,801.5
16,898.3
58,300.3
2,351.0
37,987.4
1,355.6
5,148.7
198.4
3,421.2
1,430.7
5,153.2
176.8
3,140.0
1,465.4
5,089.6
234.2
2,904.6
1,425.0
5,092.3
209.9
3,321.3
1,637.7
4,863.0
252.9
3,293.9
1,481.6
4,872.8
200.6
3,298.8
1,738.6
5,364.6
230.5
3,263.8
1,341.2
4,559.1
219.9
2,710.5
1,651.1
4,803.7
253.0
3,458.9
1,835.0
5,233.8
277.7
3,574.2
1,795.7
4,946.8
263.7
3,569.8
1,808.4
5,772.2
285.2
3,986.1
2,053.1
5,677.3
264.5
3,784.9
Northern North America
Southern North America
South America
do...
do...
do...
29,617.8
11,689.4
9,389.8
33,550.6
12,622.6
10,307.5
2,665.3
1,049.9
864.2
2,762.2
1,005.2
741.1
2,759.4
1,056.8
906.6
3,116.9
1,024.0
928.0
3,030.4
1,075.7
900.9
3,051.5
1,117.6
932.4
2,914.4
1,226.7
1,106.8
2,885.5
1,151.4
908.1
3,373.6
1,285,8
938.1
2,968.5
1,239.4
1,042.9
3,508.1
1,418.2
1,008.7
3,096.4
1,395.7
1,091.4
2,914.5
1,362.6
1,057.8
By leading countries:
Africa:
Egypt
Republic of South Africa
do...
do...
170.0
1,261.1
105.0
2,258.9
8.9
148.6
1.7
169.1
15.3
228.1
4.8
208.0
14.1
349.8
27.2
210.7
16.9
197.4
7.5
161.7
35.1
196.8
14.9
214.1
21.4
256.9
55.1
203.0
19.5
208.9
General imports, total
Seasonally adjusted @
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
See footnotes at end of tables.
Aug.
September 1979
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
1978
July
Annual
Aug.
Sept.
1979
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF IMPORTS—Continued
General imports—Continued
By leading countries—Continued
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan
1,266.2
776.0
56.0
1,318.2
3,475.1
1,109.5
18,549.7
1,728.3
979.5
83.7
1,519.1
3,606.9
1,206.9
24,457.8
139.2
81.6
9.2
119.4
346.4
101.8
2,217.2
137.9
91.7
6.5
149.8
314.9
103.9
2,065.5
166.5
83.6
6.6
143.5
291.5
118.1
2,064.8
155.1
85.6
10.2
120.3
305.9
110.9
2,120.4
190.2
75.8
7.9
125.9
277.3
109.9
2,024.6
142.2
56.9
6.4
138.8
335.6
114.2
1,993.9
178.8
91.8
9.6
184.3
293.7
122.0
2,247.3
170.2
76.9
11.0
126.7
222.9
93.3
1,865.4
189.4
85.4
11.6
201.2
249.5
120.9
1,985.1
208.1
96.8
11.3
147.4
339.0
95.8
2,300.6
187.8
93.6
11.4
166.1
226.4
118.3
2,092.0
201.6
92.8
12.0
196.5
332.0
128.2
2,319.9
187.1
92.4
10.2
151.6
289.0
101.3
2,183.3
3,032.4
4,053.7
396.1
321.6
278.7
337.6
349.3
362.6
360.3
345.8
356.4
362.3
409.6
416.7
414.4
16.7
35.2
2.5
4.1
2.6
2.7
2.2
2.2
2.3
2.7
2.6
4.2
3.3
4.1
2.2
7,238.3
3,036.7
452.9
5,141.0
9,960.8
4,102.5
540.3
6,513.3
940.3
376.2
21.6
553.0
839.4
391.0
54.6
537.7
704.8
326.6
23.1
529.8
836.4
343.2
110.5
576.8
910.3
375.5
37.5
533.8
896.0
374.2
31.9
532.8
869.6
372.9
25.0
555.6
682.0
308.7
19.1
405.4
858.0
425.0
23.2
671.0
981.9
403.3
28.7
653.4
938.8
367.1
71.9
656.0
1,002.6
492.9
75.4
697.4
941.9
498.2
44.2
710.4
do....
29,598.6
33,529.4
2,664.7
2,372.8
2,757.9
3,115.5
3,028.7
3,051.1
2,914.2
2,882.8
3,370.6
2,968.3
3,507.3
3,094.2
2,912.0
do....
do....
do....
do....
do....
do....
do...
16,450.3
392.3
2,240.5
272.7
819.4
4,694.2
4,084.4
18,560.1
563.3
2,831.3
385.3
1,043.9
6,092.8
3,545.1
1,538.7
52.6
265.2
32.1
70.4
471.5
260.6
1,378.2
43.1
176.7
18.9
85.6
495.4
248.3
1,571.9
56.6
207.8
25.7
111.5
521.6
329.6
1,639.0
49.8
283.9
32.7
124.1
531.2
271.4
1,643.9
47.5
264.8
22.8
104.6
583.0
272.5
1,749.1
49.0
287.3
17.0
80.9
641.1
308.2
1,887.2
51.6
339.5
25.0
92.3
590.0
412.0
1,753.5
52.7
220.1
18.7
100.2
656.8
332.4
1,830.4
45.9
206.9
35.4
118.4
656.6
347.0
1,939.1
47.5
240.6
33.0
115.0
666.1
475.9
2,011.1
59.8
219.7
46.9
104.4
725.6
393.6
2,089.1
67.1
258.6
35.2
79.1
710.0
392.9
1,899.8
42.6
232.3
45.3
88.4
621.5
476.0
mil. $..
do....
do...,
do....
do...
do...
do...
Europe:
France
do...
German Democratic Republic (formerly
E. Germany)
mil. $.,
Federal Republic of Germany (formerly
W. Germany
mil. $..
Italy
do...,
Union of Soviet Socialist Republics
do...
United Kingdom
do...
North and South America:
Canada
:
Latin American republics, total #
Argentina
Brazil
Chile
Colombia
Mexico
Venezuela
By commodity groups and principal
commodities:
Agricultural products, total
Nonagricultural products, total
Food and live animals #
Cocoa beans
Coffee
Meats and preparations
Sugar
mil. $.. 13,538.3 14,960.8
do.... 133,278.4 157,064.7
do....
do....
do....
do....
do....
12,557.8
485.5
3,860.9
1,273.2
1,079.1
1
13,520.6
667.0
3,727.8
1,856.0
723.0
1,192.9 1,021.2 1,107.9 1,231.0 1,302.2 1,409.3 1,514.0 1,255.7 1,435.9 1,490.9 1,382.3 1,509.0 1,267.4
13,511.0 13,002.8 13,309.1 13,887.3 13,752.7 13,547.0 14,332.3 12,520.6 14,329.0 14,681.1 15,129.2 15,926.7 15,847.6
1,126.1
46.8
259.9
153.2
110.4
924.0
43.5
210.1
125.7
1,048.9
23.0
238.6
158.5
97.1
1,152.2
40.4
329.5
175.3
65.4
1,168.7
63.7
317.0
199.2
59.4
1,254.1
74.5
306.5
182.1
59.4
1,278.3
103.0
309.1
208.8
64.0
1,102.5
91.6
242.2
200.1
41.1
1,242.6
51.4
282.4
242.3
62.2
1,325.7
45.0
339.6
242.3
57.6
1,245.1
27.7
274.6
231.3
122.5
1,357.3
44.0
279.5
269.9
120.5
1,172.9
37.7
305.6
205.2
67.5
Beverages and tobacco
do....
1,669.4
'2,221.4
177.4
170.2
168.2
211.5
209.6
205.9
204.8
156.2
221.9
205.3
217.1
210.9
204.2
Crude materials, inedible, exc. fuels #
Metal ores
Paper base stocks
Textile fibers
Rubber
do....
do....
do....
do....
do....
8,486.2
2,234.4
1,252.4
225.1
650.3
2,850.2
1,154.2
247.8
684.7
785.3
r
234.1
r
92.9
r
28.6
43.0
813.6
266.9
91.0
23.7
64.3
827.0
r
279.9
88.9
r
17.1
72.8
827.6
272.7
104.0
17.2
52.7
837.4
307.3
111.3
21.0
46.5
805.2
242.4
113.0
14.8
74.4
812.7
231.1
108.8
22.7
81.1
738.0
187.8
115.4
16.8
72.5
859.3
r
211.1
129.4
19.8
82.3
870.1
251.6
111.7
18.8
100.5
1,006.0
302.6
156.8
19.4
61.7
960.9
298.8
122.9
20.8
95.3
919.1
306.4
125.6
20.5
67.8
Mineral fuels, lubricants, etc
Petroleum and products
do....
do....
44,537.2
41,526.1
39,108.9
3,380.1
3,140.7
3,677.1
3,448.8
3,698.9
3,471.8
3,491.6
3,260.2
3,536.2
3,301.6
3,746.3
3,465.2
4,228.0
3,935.2
3,524.9
3,248.6
3,947.9
3,673.8
4,240.6
4,015.0
4,165.9
3,802.1
4,528.2
4,236.3
5,075.0
4,757.8
Oils and fats, animal and vegetable
Chemicals
do....
do....
530.7
4,970.4
l
511.1
6,427.4
49.4
546.9
43.0
514.9
30.2
537.9
40.9
541.4
51.7
512.5
33.0
535.3
89.5
532.2
50.6
440.5
55.7
655.1
44.2
648.7
40.6
698.3
61.6
663.6
35.0
570.9
Manufactured goods #
Iron and steel
Newsprint
Nonferrous metals
Textiles
do....
do....
do....
do....
do....
21,367.0
5,804.4
1,871.8
3,938.4
1,772.4
1
27,237.3
7,259.3
2,100.7
5,121.9
2,200.1
2,418.3
636.8
195.7
433.2
192.2
2,218.6
637.9
172.5
356.5
176.2
2,215.4
593.9
164.7
344.3
175.3
2,344.5
619.2
180.1
422.0
184.2
2,373.4
738.5
178.0
384.1
175.7
2,111.5
555.5
158.8
383.1
170.0
2,255.8
543.8
170.6
424.4
193.9
2,120.7
534.5
189.0
403.8
154.1
2,424.0
479.9
209.3
562.6
185.9
2,251.0
479.8
183.0
444.4
182.9
2,596.4
678.0
186.7
522.8
189.3
2,669.8
644.1
189.5
562.1
200.6
2,481.2
626.9
185.7
507.9
179.6
Machinery and transport equipment
Machinery, total #
Metalworking
Electrical
do....
do....
do....
do....
36,406.8
17,663.8
433.5
8,432.0
1
47,625.6
24,404.0
946.7
5,170.8
4,108.2
2,217.8
86.4
465.2
3,578.5
2,046.5
91.0
453.3
3,832.0
2,077.1
82.1
467.7
4,294.6
2,277.2
76.8
494.0
4,238.3
2,162.8
80.8
451.1
4,318.7
2,183.3
93.5
480.6
4,515.9
2,206.2
105.8
474.1
3,932.6
1,971.0
82.0
399.5
4,438.3
2,289.6
105.5
547.1
4,750.0
2,313.7
113.4
482.5
4,509.3
2,291.1
119.7
523.9
4,712.5
2,536.0
135.4
607.1
4,328.6
2,402.0
121.8
564.4
do....
17,829.9
15,842.0
23,221.6
20,631.2
1,890.6
1,676.3
1,532.0
1,361.0
1,754.9
1,547.1
2,017.4
1,817.8
2,075.5
1,880.9
2,135.4
1,891.2
2,309.8
1,996.8
1,961.6
1,639.4
2,148.8
1,871.7
2,436.2
2,162.9
2,218.3
1,943.1
2,176.5
1,920.8
1,926.6
1,673.5
19,062.1
1,782.5
1,756.5
1,751.9
1,827.1
1,799.9
1,560.3
1,619.7
1,426.4
1,569.2
1,549.5
1,584.5
1,864.4
1,967.9
329.7
327.5
306.5
386.8
327.2
386.1
309.4
283.9
350.8
287.0
448.3
406.4
360.2
248.8
199.9
497.5
250.5
239.1
599.0
250.8
218.7
548.5
254.9
223.2
568.9
255.0
231.6
590.5
254.1
223.3
567.3
328.1
225.8
740.9
335.3
232.9
781.0
345.2
221.8
765.7
Transport equipment
Automobiles and parts
do....
Miscellaneous manufactured articles
do....
Commodities not classified
do....
13,809.4
1
1
3,335.7
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967=100..
Quantity
do....
Value
do....
General imports:
Unit value
do....
Quantity
do....
Value
do....
210.2
183.1
384.7
231.5
198.8
460.3
228.7
182.3
421.7
225.5
190.9
447.2
232.4
205.0
489.6
232.0
213.3
506.1
235.2
211.7
525.3
241.3
207.8
520.9
250.2
193.2
483.5
269.9
200.8
541.9
291.3
221.2
644.4
293.3
225.1
660.4
295.0
213.4
629.6
294.3
220.5
649.0
296.3
228.7
677.7
303.9
222.8
677.0
300.9
222.9
670.6
305.9
232.4
711.0
309.5
199.9
618.7
319.4
221.6
707.6
320.5
226.4
725.6
thous. sh. tons..
mil. $..
274,413
65,376
300,037
77,289
24,969
5,989
26,001
6,385
26,260
6,646
26,536
6,958
28,372
7,356
27,428
7,402
22,948
6,508
21,980
6,637
28,239
8,176
27,463
7,381
thous. sh. tonsmil. $..
612,798
103,037
592,240
115,484
50,703
10,143
53,652
9,880
56,196
9,780
49,811
9,850
51,404
9,759
49,982
9,685
53,870
10,928
43,642
8,904
45,937
10,028
51,080
11,030
r
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
Value
General imports:
Shipping weight
Value
See footnotes at end of tables.
Aug.
September 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
S-21
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
Passenger-load factor
Ton-miles (revenue), total
Operating revenues (quarterly) # §
Passenger revenues
Cargo revenues
Mail revenues
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
bil.
percent,
mil.
mil. $,
do...
do...
do...
do...
do...
15,821
15,165
497
36.61
2,302
397
44.11
2,314
374
mil. $.
do...
do...
4,104
3,852
234
19.03
60.2
2,515
6,308
5,230
520
86
5,603
629
18.81
58.2
2,536
17.75
57.3
2,414
19.39
58.4
2,545
5,756
4,697
541
118
5,639
87
19.12
57.4
2,445
17.58
58.0
2,275
22.13
64.2
2,857
20.27
70.2
2,601
20.07
65.8
2,593
23.47
69.9
2,939
17.74
281
59
18.93
316
65
14.78
308
65
4,902
4,406
433
15.03
323
66
14.44
309
67
15.66
287
89
4,575
4,486
47
15.22
265
67
14.54
253
62
18.37
318
75
16.28
280
67
15.75
288
70
18.32
294
4.73
197
27
4.78
193
28
4.25
211
29
1,406
1,197
195
3.78
234
32
3.31
226
37
3.73
187
43
1,181
1,153
40
3.90
173
28
3.05
175
27
3.76
219
32
3.99
196
30
4.32
199
30
5.15
202
29
571
619
646
684
652
609
645
724
667
713
694
142.8
185.1
187.9
4,703
4,361
326
5,979
23.70
71.1
2,972
18,184
17,151
858
mil.
Operating revenues (quarterly) §
Operating expenses (quarterly) §
Net income after taxes (quarterly) §...
182.67
3,506
808
bil.
mil.
do...
International operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
156.61
3,125
751
22.48
68.9
2,811
22,887
18,812
1,985
383
21,512
1,184
mil. $.
do...
do...
Operating revenues (quarterly) §
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
19,925
16,274
1,719
390
19,017
731
bil.
mil.
do...
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
194.75
56.2
26,100
226.78
61.5
29,679
r
17.52
Urban Transit Systems
Passengers carried, total
6
7,636
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers
Operating revenues, total
mil. $.
Net income, after extraordinary and prior period
charges and credits
mil. $.
Tonnage hauled (revenue), common and contract
carrier service
mil. tons.
100
16,618
100
4,166
100 -51,682
4,701 -51,682
100
4,329
452
495
154
143 -51,682
58
217
236
58
64 -51,682
58
100
13,853
2
2
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common and contract carriers of property
(qtrly.)
average same period, 1967 = 100.
Common carriers of general freight,
seas, adj
1967= 100.
148
157
166.2
181.7
19,947
18,658
337
21,829
20,333
356
19,299
3,377
433
3
359
21,124
160
177.6
177.6
184.3
150
188.5
186.2
166
196.9
197.1
199.5
205.4
Class I Railroads $
Financial operations, qtrly. (AAR), excl. Amtrak:
Operating revenues, total #
mil. $.
Freight
do...
Passenger, excl. Amtrak
do...
Operating expenses
,
Tax accruals and rents
Net railway operating income
Net income (after taxes)
Traffic:
Ton-miles of freight (net), total, qtrly
Revenue ton-miles, qtrly. (AAR)
Price index for railroad freight
do...
do...
do...
do...
bil.
do...
1969=100.
862.6
826.3
199.1
r
5,414
5,015
91
5,268
443
3
260
r
5,711
5,298
92
5,590
5,902
5,511
91
5,577
6,070
246
236
858.1
213.1
215.2
215.7
210.5
215.8
215.8
216.3
21.9
227.1
231.1
380
241
232.0
232.1
192.7
207.6
232.9
5
r
233.2
233.3
235.8
236.8
235.9
760
785
798
607
356
3,523
772
850
773
622
386
804
1,022
867
679
347
4,806
r4
66.1
239.4
4
4
70.3
Travel
Hotels and motor-hotels:
Restaurant sales index.... same month 1967=100.
Hotels: Average room sale
fl
dollars.
Rooms occupied
% of total.
Motor-hotels: Average room sale U
dollars.
Rooms occupied
% of total.
139
34.96
65.0
24.65
70
157
38.83
68.0
28.45
72
174
36.77
66.0
29.28
78
163
38.39
69.0
29.67
82
160
38.20
70.0
29.00
75
167
42.06
77.0
28.99
76
154
39.30
66.0
29.90
68
155
38.02
50.0
29.71
54
129
44.19
61.0
29.69
66
152
43.36
70.0
31.31
68
179
42.14
r
74.0
31.42
75
Foreign travel:
U.S. citizens: Arrivals
Departures
Aliens: Arrivals
Departures
Passports issued
thous.
do...
do...
do...
do...
8,201
8,198
6,492
5,364
3,107
8,903
8,883
7,861
6,325
3,234
1,024
858
925
545
308
do...
69,980
62,910
12,047
1,077
901
948
844
290
11,037
742
910
741
698
196
6,375
740
624
640
539
178
5,264
612
593
581
517
168
2,732
584
714
664
548
156
1,921
683
678
672
555
221
1,574
607
599
532
378
234
1,695
747
752
671
488
338
2,541
40,736
18,167
16,305
r
26,lll
r
7,295
149.9
45,905
19,909
18,630
r
29,489
8,191
r
150.4
3,783
1,680
1,526
2,356
712
147.5
3,924
1,725
1,636
2,532
703
146.6
3,942
1,765
1,573
2,527
718
148.9
3,959
1,739
1,634
2,574
708
149.5
3,967
1,765
1,588
3,413
662
149.6
3,953
1,744
1,607
8,687
654
150.4
4,046
1,772
1,682
2,608
752
15.0
3,956
1,767
3,235
2,538
732
15.1
4,153
1,802
1,738
2,390
725
15.1
mil. $.
do...
do...
554.8
439.6
86.9
576.4
470.0
85.6
46.8
37.0
7.2
50.4
39.1
8.8
47.9
37.9
7.5
51.1
53.9
5.9
49.7
41.0
6.1
49.5
41.8
3.9
49.9
42.8
4.5
49.9
40.0
7.1
53.1
42.1
8.2
52.5
42.2
7.4
54.0
45.4
5.7
54.0
44.1
6.5
do...
do...
do...
396.9
279.4
108.4
454.8
313.5
123.3
36.7
24.8
9.6
39.3
26.0
11.6
38.0
25.3
11.0
39.9
31.7
12.1
39.6
26.8
11.0
39.3
31.5
6.3
41.4
27.2
12.5
37.2
24.7
10.8
42.5
26.6
13.9
39.1
24.8
11.8
41.1
26.6
12.8
41.1
26.6
12.7
National parks, visits @
COMMUNICATION
Telephone carriers:
Operating revenues #
Station revenues
Tolls, message
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service, end of period
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
Net operating revenues (before taxes)
Overseas, total:
Operating revenues
Operating expenses
Net operating revenues (before taxes)
See footnotes at end of tables.
mil. $.
do...
do...
do...
do...
mil.
r
r
r
302
"279
September 1979
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
1978
Aug.
July
Sept.
1979
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% A12O3) $
thous. sh. tons.
Chlorine gas (100% Cl2) t
do...
Hydrochloric acid (100% HC1) $
do...
Phosphorus, elemental t
do...
Sodium carbonate (soda ash), synthetic
(58% Na2O) t
thous. sh. tons.
Sodium hydroxide (100% NaOH) $
do...
Sodium silicate, anhydrous t
do...
Sodium sulfate, anhydrous $
do...
Sodium tripolyphosphate (100% Na5P3Olo) t
doTitanium dioxide (composite and pure) $
do...
Sulfur, native (Frasch) and recovered:
Production
thous. lg. tons.
Stocks (producers') end of period
do...
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous. sh. tons.
Ammonium nitrate, original solution $
do...
Ammonium sulfate $
do...
Nitric acid (100% HNO3) t
do...
Nitrogen solutions (100% N) $
do...
Phosphoric acid (100% P2O5) t
do...
Sulfuric acid (100% H2SO4) t
do...
Superphosphate and other phosphatic fertilizers
(100% P2O5):
Production
thous. sh. tons.
Stocks, end of period
do...
Potash, deliveries (K2O)
fl
do...
Exports, total #
do..
Nitrogenous materials
do..
Phosphate materials
do..
Potash materials
do..
Imports:
Ammonium nitrate
do..
Ammonium sulfate
do..
Potassium chloride
do..
Sodium nitrate
do..
Industrial Gases
Production:
Acetylene
mil. cu. ft..
Carbon dioxide, liquid, gas, and solid
thous. sh. tons.
Hydrogen (high and low purity)
mil. cu. ft.
Nitrogen (high and low purity)
do...
Oxygen (high and low purity)
do...
Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
mil. lb.
Creosote oil
mil. gal.
Ethyl acetate (85%)
mil. lb.
Formaldehyde (37% HCHO)
do...
Glycerin, refined, all grades
do...
Methanol, synthetic
mil. gal.
Phthalic anhydride
mil. lb.
ALCOHOL
Ethyl alcohol and spirits:
Production
mil. tax gal.
Used for denaturation
do...
Taxable withdrawals
do...
Stocks, end of period
do...
Denatured alcohol:
Production
mil. wine gal.
Consumption (withdrawals)
do...
Stocks, end of period
do...
1,255
10,573
2,721
431
1,812
10,933
760
1,199
1,184
10,959
2,751
441
()
92
919
226
36
101
950
232
39
96
971
233
39
240
38
()
885
63
97
58
63
()
906
64
102
63
60
60
63
()
918
73
107
66
60
()
937
73
103
66
60
()
1,001
70
91
65
58
()
941
62
97
91
92
865
218
33
91
899
231
37
101
965
235
40
102
1,019
243
41
889
63
926
978
57
95
1,046
71
93
64
61
r
109
l,037
r
239
39
62
65
r
r
l,042
95
1,017
226
37
1,034
66
96
717
687
10,746
803
1,235
735
720
5,469
^,557
5,261
810
5,519
795
5,498
776
5,472
786
5,386
790
5,245
838
5,261
785
5,127
716
5,009
806
4,783
782
4,616
17,576
7,177
2,182
7,951
2,468
8,958
35,821
16,951
7,216
8
1,797
8,058
8
2,323
9,563
39,648
1,374
512
172
604
191
732
3,107
1,329
537
182
627
7
176
803
3,350
1,296
523
153
603
7
168
796
3,337
1,425
649
155
733
7
200
853
3,476
1,422
610
(2)
681
7
168
825
3,459
1,536
650
154
725
7
169
893
3,503
1,349
638
(2)
683
171
758
3,311
1,249
573
(2)
647
7
144
780
3,289
1,550
702
189
772
212
895
3,610
1,571
713
174
781
208
864
3,604
l,584
r
682
181
739
r
252
r
858
r
3,528
1,537
661
164
719
7
174
821
3,376
6,699
573
6,309
23,108
1,169
16,741
1,650
7,341
500
6,833
4
26,247
4
2,622
4
16,741
4
1,827
573
461
417
2,596
364
1,431
210
614
395
598
2,651
406
1,496
237
619
379
487
2,690
354
1,571
169
651
359
620
1,985
290
1,347
122
599
425
549
1,781
170
1,241
69
659
500
532
2,493
176
1,599
242
599
488
554
3
1,975
3
212
1,048
195
594
435
467
2,008
216
1,179
107
673
360
715
3,864
466
1,946
106
359
813
2,429
291
1,162
73
647
415
591
1,618
212
874
67
588
400
555
4,437
280
1,655
186
361
327
8,229
157
404
326
8,390
142
22
3
735
15
13
11
682
0
14
11
619
16
21
18
654
15
23
34
648
11
18
21
716
0
18
24
643
16
17
17
428
18
31
30
779
7
48
70
757
10
37
14
992
11
12
6
774
12
5,972
5,262
402
448
415
468
475
455
428
364
400
r
444
431
2,256
84,459
331,545
392,984
2,286
90,248
389,322
428,014
205
7,394
31,879
36,295
210
7,510
34,001
37,554
205
7,762
32,653
36,904
206
7,906
34,627
38,016
180
7,929
33,165
37,605
193
8,509
31,521
37,421
167
7,395
35,509
34,291
157
7,176
30,528
31,562
225
8,279
35,318
38,432
r
206
r
8,633
r
32,000
r
36,206
230
8,087
34,166
37,565
283
8,100
32,446
35,660
l
31.4
l
161.2
X
1
143.2
1
32.2
290.5
957.8
*993.4
2.5
10.1
19.8
535.8
20.0
83.3
87.2
2.5
11.6
20.4
522.8
29.4
79.8
80.1
2.5
12.9
17.9
546.6
26.4
87.9
79.6
2.5
11.8
20.8
585.0
28.3
73.2
73.9
2.9
12.8
21.7
531.3
24.7
60.9
76.5
2.8
12.5
20.8
548.1
21.9
90.0
94.6
2.8
10.9
15.4
496.2
21.4
71.0
80.0
2.5
10.8
24.4
484.0
24.2
87.0
76.5
3.0
13.9
24.0
582.9
29.2
72.2
100.6
2.7
12.7
22.3
580.8
26.8
100.2
94.9
2.9
13.8
25.1
564.6
25.8
99.0
102.3
2.4
14.3
21.6
561.6
r
21.1
99.0
102.0
498.3
405.4
81.0
71.4
506.9
420.5
r
90.1
71.2
42.5
25.4
5.9
85.8
45.4
36.6
7.7
88.4
50.5
30.3
7.4
96.8
40.3
40.3
8.2
76.8
38.0
38.6
7.4
64.6
40.7
37.1
11.6
71.2
42.8
36.6
6.7
66.7
41.3
35.0
5.8
62.2
49.3
39.5
7.5
59.2
47.3
36.2
6.2
63.6
42.9
37.1
7.4
65.6
223.8
224.6
2.6
227.7
228.8
2.7
17.0
17.0
3.1
19.9
19.9
3.0
16.9
17.4
2.6
21.7
21.4
2.9
16.6
17.2
2.9
20.1
20.5
2.7
21.3
21.6
2.3
19.0
18.7
2.7
19.1
21.1
2.7
20.1
19.8
3.1
21.7
21.8
3.0
128.8
937.1
232.0
450.5
458.1
142.7
960.4
260.5
427.5
469.8
151.8
962.2
257.3
473.4
459.1
169.5
967.0
246.8
477.8
500.3
151.7
937.5
268.2
434.8
479.7
138.8
961.2
244.3
481.5
493.5
149.9
896.4
282.2
504.6
470.9
518.4
589.0
516.6
470.2
5
217.8
6,046.5
286.0
l
971.8
1
926.0
1
226.7
X
PLASTICS AND RESIN MATERIALS
Production:
1
1,764.2
Phenolic resins
mil. lb.
Polyethylene and copolymers
do... no, IOO.I xll,083.4
Polypropylene
do... x
5,203.0 1 5,579.8
Polystyrene and copolymers
do...
Polyvinyl chloride and copolymers
do... X5,267.3 '5,653.8
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
mil. lb. 2,675.1 1 2,821.1
Paints, varnish, and lacquer, shipments:
6,008.1
Total shipments @
mil. $. 5,307.5
Architectural coatings
do...
Product finishes ( O E M )
do...
Special purpose coatings
do...
See footnotes at end of tables.
115
925
210
33
951
237
786.7
536.0
57
856
4,439
r
628.1
9
476.1
9
204.9
9
190.2
9
81.0
r
866
4,351
143.4
166.9
148.4
156.6
157.6
922.6 1,042.4 1,089.4 1,109.7 1,077.6
267.5
307.7
319.6
311.7
307.5
467.6
575.7
538.8
537.6
533.5
473.5
531.2
548.2
589.6
568.6
790.4
404.3
421
61
64
484.0
210.7
186.7
86.6
622.0
296.2
221.6
104.3
795.2
574.1
284.0
186.0
104.2
677.8
347.9
209.2
120.7
657.2
343.3
187.9
125.9
871
4,320
1O
546
2,929
290
1,605
107
Aug.
September 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
S-23
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities, total
By fuels
By waterpower
mil. kw.-hr. 2,124,078 2,203,891 202,595 205,637 185,597 175,621 176,295 191,703 209,525 186,324 182,971 169,514 178,151
do... 1,903,643 1,922,953 178,037 183,505 164,338 155,957 156,292 169,600 184,430 164,982 156,958 144,127 149,108
do...
220,435
280,938 24,558 22,132 21,259 19,664 20,003 22,103 25,094 21,342 26,013 25,388 29,043
Sales to ultimate customers, total (Edison Electric
Institute)
mil. kw.-hr, 1,950,791 2,017,818 176,403 181,386 108,454 167,770 160,614 170,554 182,796 181,251 174,298 164,615
Commercial and industrial:
Small light and power §
do..
469,227 r480,748
44,071 44,918 44,206 40,144 37,700 39,207
41,615 41,478 40,065 37,970
Large light and power §
do..
757,168
782,141 65,894 67,819 68,998 68,723 67,247 66,025 66,261 65,810 67,475 67,849
Railways and railroads
Residential or domestic
do..
do..
4,212
652,345
4,336
679,156
335
60,266
344
62,366
342
60,883
343
52,656
370
49,440
397
57,458
403
68,345
364
67,625
376
60,498
345
52,745
Street and highway lighting
Other public authorities
Interdepartmental
do..
do..
do..
14,418
46,242
7,179
14,803
49,509
7,125
1,129
4,103
606
1,168
4,173
598
1,218
4,201
605
1,285
4,009
609
1,330
3,913
614
1,401
5,456
610
1,359
4,177
637
1,262
4,153
559
1,245
3,916
723
1,192
3,778
735
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $.
62,610.0
69,852.9
6,318.6
6,510.8
6,420.2
5,918.6
5,552.0
5,828.2
6,339.5
6,335.9
6,179.8
5,907.1
thous.
45,725
46,269
45,355
46,269
46,668
do...
do..
do..
do..
42,108
3,400
175
42
42,623
3,430
174
42
41,816
3,332
169
38
42,623
3,430
174
42
42,911
3,521
181
55
tril. Btu
14,341
14,726
2,551
3,683
5,524
do..
do..
do...
4,946
2,409
6,711
274
5,083
2,476
6,858
429
306
1,758
59
1,254
612
1,747
70
2,439
1,068
1,897
28,303
31,945
5,503
8,416
11,541
4,980
11,385
397
12,857
5,617
13,046
425
1,332
713
3,374
85
3,323
1,456
3,525
111
GAS
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total
Residential
Commercial
Industrial
Other
Sales to customers, total
Residential
Commercial
Industrial
Other
do-
Revenue from sales to customers, total
Residential
Commercial
Industrial
Other
mil. $.
do...
do...
do...
do...
119
13,023
6,366
2,619
3,865
172
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil. bbl.
Taxable withdrawals
do...
Stocks, end of period
do...
Distilled spirits (total):
Production
mil. tax gal.
Consumption, apparent, for beverage purposes
mil. wine gal.
Taxable withdrawals
mil. tax gal.
Stocks, end of period
do...
Imports
mil. proof gal.
Whisky:
Production
mil. tax gal.
Taxable withdrawals
do...
Stocks, end of period
do...
Imports
mil. proof gal.
Rectified spirits and wines, production, total
mil. proof gal.
Whisky
doWines and distilling materials:
Effervescent wines:
Production
mil. wine gal.
Taxable withdrawals
do...
Stocks, end of period
do...
Imports
do...
Still wines:
Production
do...
Taxable withdrawals
do...
Stocks, end of period
do...
Imports
do...
170.51
156.92
12.42
179.09
162.15
13.76
159.31
16.74
15.29
19.81
17.61
16.28
14.33
14.62
13.72
14.01
14.01
12.99
13.71
12.71
12.04
13.50
12.87
11.57
13.76
13.83
12.32
14.00
13.57
12.01
14.06
16.89
15.01
14.44
16.34
14.96
14.98
16.97
15.00
14.74
16.77
15.57
14.50
166.51
7.63
13.20
14.61
18.78
18.09
15.40
15.08
14.31
18.04
17.11
18.25
445.02
237.70
662.51
128.60
32.06
15.63
678.12
9.08
35.77
21.30
672.34
9.90
34.23
20.18
669.16
10.94
37.35
25.42
665.18
14.83
44.52
22.42
663.28
14.13
52.92
17.61
662.51
11.28
32.02
18.26
661.03
8.36
30.30
13.69
661.64
8.12
37.41
19.66
662.41
9.02
34.44
17.72
665.06
9.70
18.02
668.67
9.70
8.46
80.60
128.63
649.00
91.15
79.12
133.95
600.62
101.89
3.09
8.68
619.70
6.99
6.06
11.39
614.91
8.08
7.36
12.00
610.95
8.46
8.39
15.12
605.23
12.14
9.21
12.99
601.20
11.55
7.94
8.77
600.62
8.83
8.44
10.09
598.69
6.36
8.85
7.52
599.88
5.07
11.06
10.66
600.72
6.91
10.98
9.18
603.01
7.51
11.73
9.62
606.04
7.61
6.28
110.52
41.48
111.39
r
39.77
7.46
3.03
10.25
3.48
9.77
3.40
10.49
4.49
9.60
3.42
8.06
2.60
8.34
2.58
7.12
2.20
8.91
2.84
7.74
2.43
8.76
2.70
22.86
21.35
8.56
2.93
r
23.09
r
21.43
8.25
4.31
1.92
1.13
10.97
0.28
2.55
1.76
11.58
0.30
2.06
1.90
11.43
0.40
2.73
3.27
8.51
0.44
2.59
3.25
12.56
0.64
1.52
2.50
8.25
0.47
1.93
1.12
8.19
0.36
1.66
0.85
9.95
0.18
1.80
1.52
10.33
0.34
1.91
1.30
11.65
0.35
2.49
1.55
11.56
0.32
1.89
1.62
11.46
0.32
0.33
420.20
r
319.03
527.07
89.77
2.53
23.32
320.44
8.18
32.67
25.43
332.30
8.06
140.20
26.29
431.50
7.68
151.16
29.10
553.44
8.05
41.16
31.17
555.80
8.38
22.29
27.77
527.07
7.90
6.40
26.44
484.25
7.11
7.01
23.94
458.12
4.50
6.13
32.84
465.05
7.44
4.09
27.42
438.76
6.95
6.08
26.70
397.16
6.66
5.14
26.62
384.29
8.16
7.76
X
432.56
221.12
706.68
112.94
409.75
310.41
505.49
65.79
2
r
9.77
do...
276.55
244.23
1.46
32.17
97.78
67.42
16.13
9.47
6.70
4.74
4.20
6.66
7.99
8.77
mil. lb.
do...
$ per lb.
1,085.6
184.9
1.015
994.3
206.9
1.141
71.4
297.7
1.117
63.2
284.6
1.207
64.0
266.7
1.220
70.6
251.8
1.219
66.5
228.9
1.260
77.7
206.9
1.258
97.4
208.6
1.150
86.6
214.7
1.150
89.3
209.5
1.195
92.4
216.5
1.239
98.6
239.1
1.245
84.7
260.1
1.246
74.8
252.4
1.271
mil. lb.
do...
3,358.5
2,043.1
3,519.3
2,074.2
293.6
179.6
286.5
165.6
265.0
146.4
279.3
156.7
279.7
151.4
301.4
170.3
288.9
173.8
276.0
166.0
323.0
185.3
317.7
192.0
339.7
210.6
344.7
210.9
319.0
195.2
Stocks, cold storage, end of period
do...
American, whole milk
do...
Imports
do...
Price, wholesale, American, single daisies
(Chicago)
$ per lb.
468.6
404.7
209.4
436.4
357.9
242.2
498.5
423.0
16.4
489.7
416.8
22.7
476.6
397.2
19.3
455.2
379.6
22.0
431.0
357.0
30.7
436.4
357.9
45.6
436.8
361.6
12.8
446.2
367.8
6.5
439.9
363.0
10.8
452.9
377.2
15.0
495.3
416.6
15.5
519.9
431.9
21.7
550.0
459.1
19.7
1.187
1.301
1.260
1.321
1.340
1.394
1.400
1.410
1.410
1.350
1.356
1.374
1.376
1.389
1.409
Distilling materials produced at wineries
DAIRY PRODUCTS
Butter, creamery:
Production (factory) @
Stocks, cold storage, end of period
Price, wholesale, 92 score (NY.)
Cheese:
Production (factory), total @
American, whole milk @
See footnotes at end of tables.
1.345
1.458
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
September 1979
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
June
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS—Continued
Condensed and evaporated milk:
Production, case goods @
mil. lb..
Stocks, manufacturers', case goods, end of month
or year
mil. lb..
Exports:
Condensed (sweetened)
do....
Evaporated (unsweetened)
do....
Fluid milk:
Production on farms $
do...
Utilization in mfd. dairy products @
do...
Price, wholesale, U.S. average
$ per 100 lb.
Dry milk:
Production:
Dry whole milk @
mil. lb.
Nonfat dry milk (human food)
do...
Stocks, manufacturers', end of period:
Dry whole milk
do...
Nonfat dry milk (human food) @
do...
Exports:
Dry whole milk
do...
Nonfat dry milk (human food)
do...
Price, manufacturers' average selling, nonfat dry
milk (human food) @
$ per lb.
818.9
787.9
74.3
69.0
59.0
60.7
53.5
60.6
58.0
56.8
63.0
72.0
80.6
80.2
70.7
75.2
70.3
120.2
134.4
136.0
113.8
84.4
70.3
66.0
56.4
49.6
68.3
90.3
117.1
134.7
37.0
2.3
2.1
2.4
4.2
2.7
2.4
3.1
3.1
5.0
4.3
2.8
1.8
7
4.1
28.8
o
122,698
66,062
9.72
121,928
64,748
10.60
10,534
5,586
10.10
10,213
5,314
10.50
9,733
4,769
10.90
9,832
4,807
11.30
9,364
4,512
11.60
9,788
4,838
11.80
10,035
5,285
11.90
9,379
5,016
11.90
10,555
5,748
11.80
10,609
5,837
11.60
11,175
6,373
11.50
10,982
6,290
11.50
10,705
5,874
11.60
69.4
1,106.6
74.6
920.4
6.1
97.2
5.7
75.7
4.7
57.5
5.0
48.1
5.1
42.7
5.9
55.8
7.2
55.1
5.8
54.9
8.0
76.1
9.3
87.8
8.3
104.8
7.6
112.2
7.2
94.4
6.0
60.7
4.4
40.1
9.4
94.9
9.3
73.9
7.4
63.6
5.3
52.2
3.7
36.6
4.4
40.1
4.9
37.0
4.6
40.8
4.3
51.2
5.8
84.4
7.1
110.1
8.6
128.3
8.2
123.0
122.8
31.5
15.1
87
.
10.0
40
.
31
.
14
.
30
.
12.9
13.0
53
.
88
.
0.713
0.715
0.724
0.732
0.747
0.765
0.764
0.766
0.772
0.788
0.794
0.795
0.797
288.3
327.6
303.8
260.8
248.7
252.1
202.4
194.7
248.3
266.8
283.5
338.8
361.8
32
.
10
.
388.0
273.8
114.2
0.5
07
.
01
.
2.18
2.27
2.48
2.44
2.32
2.37
2.23
2.28
2.29
2.28
7
23.8
38.8
r
p
11.90
o
0.665
0.714
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)
mil. bu.
Barley:
Production (crop estimate)
fl
do...
Stocks (domestic), end of period
do...
On farms
do...
Off farms
do...
Exports, including malt §
do...
Prices, wholesale (Minneapolis):
No. 2, malting
$ per bu.
No. 3, straight
do...
Corn:
Production (crop estimate, grain only) fl •• mil. bu.
Stocks (domestic), end of period, total
do...
On farms
do...
Off farms
do...
Exports, including meal and flour
do...
Price, wholesale:
Weighted avg., selected markets, all grades
$ per bu.
Oats:
Production (crop estimate)
fl
mil. bu.
Stocks (domestic), end of period, total
do...
On farms
do...
Off farms
do...
do...
Exports, including oatmeal
Price, wholesale, No. 2, white (Milnneapolis)
$ per bu.
Rice:
Production (crop estimate)
fl
mil. bags # .
California mills:
Receipts, domestic, rough
mil. lb.
Shipments from mills, milled rice
do...
Stocks, rough and cleaned (cleaned basis), end
of period
mil. lb.
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb.
Shipments from mills, milled rice
do...
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil. lb.
Exports
do...
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
$ per lb.
Rye:
Production (crop estimate) H
mil. bu.
Stocks (domestic), end of period
do...
Price, wholesale. No. 2 (Minneapolis)
$ per bu.
Wheat:
Production (crop estimate), total
fl
mil. bu.
Spring wheat
fl
do...
Winter wheat j|
do...
Distribution, quarterly @ @
do...
Stocks (domestic), end of period, total
do...
On farms
do...
Off farms
do...
Exports, total, including flour
do...
Wheat only
do...
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu.
No. 2 hd. and dk. hd. winter (Kans. City) .. do...
Weighted avg., selected markets, all grades
$ per bu.
See footnotes at end of tables.
2,586.1
2
2
420.2
329.2
218.9
110.3
72.8
52
.
50
.
468.3
338.7
129.6
4.3
2.30
2.29
2.12
2.10
2.14
2.11
2.26
2.29
2.45
2.64
2
6,425.5
5,503.0
3,824.3
1,678.7
1,596.2
750.9
565.0
482.3
82.7
(10)
2.43
2.44
356.5
4
228.0
4
148.8
4
294.5
196.7
97.8
03
.
79.1
1.1
23
.
25
.
2.52
2.50
2.65
2.65
2.62
2.63
2.67
2.69
2.48
2.49
6
2
7,081.8
6,198.9
4,517.5
1,681.5
1,975.2
171.3
2.39
2.47
2.22
2
6
447.0
388.0
273.8
114.2
31.3
5
l,104.0
5
659.3
5
444.7
180.3
176.4
2.31
2.24
139.5
2.27
6,198.9
4,517.5
1,681.5
153.9
159.1
130.1
2.34
2.23
2.15
4,420.7
3,098.2
1,322.5
169.6
124.6
2.48
2.46
7,108.9
3
3,230.5
3
2,262.0
3
187.5
968.5
198.5
229.9
2.58
2.74
2.72
2
221.9
2.90
2.69
6
601.5
563.7
483.2
80.6
665.7
550.7
115.0
531.0
4
288.8
4
238.0
4
393.5
329.2
64.3
563.7
483.2
80.6
50.8
11.2
15.2
1.8
5.4
0.3
1.7
0.6
1.4
0.3
0.2
0.4
0.3
0.5
0.3
0.2
1.34
1.37
1.25
1.27
1.37
1.38
1.47
1.44
1.48
1.54
1.56
1.47
1.59
1.63
1.60
2
99.2
136.7
133.8
1,675
989
214
55
103
61
229
2,215
1,460
1.45
6
2
240
58
79
72
275
126
124
162
171
79
330
151
213
191
193
123
277
237
72
109
253
304
222
122
187
139
144
141
104
106
131
80
9,557
6,217
8,824
6,130
110
385
1,005
500
3,062
599
1,708
654
884
620
822
562
607
509
482
511
563
553
539
599
351
617
198
473
142
419
2,629
2,488
4,995
4,972
684
347
842
325
2,184
545
2,604
467
2,496
371
2,488
596
3,365
361
1,624
416
1,977
484
1,740
498
1,340
531
1,001
334
717
434
0.177
0.185
0.175
0.145
0.145
0.145
0.148
0.140
0.140
0.140
0.165
0.165
0.165
0.165
0.152
8
2
17.3
9.3
2.39
2
26.2
16.3
2.64
2.39
2.19
24.0
2.37
2.32
2.48
16.3
2.52
2.38
2.49
12.6
2.32
2.39
4
9.6
2.44
23.7
2.59
2.86
2
2
2.45
6
6
2,036
2
499
1,537
1,827
1,993.8
831.3
1,162.5
905.8
863.9
1,799
2
550
1,248
2,162
1,631.8
815.4
816.4
1
1,289.4
1,243.5
110.0
106.1
2.80
2.62
3.24
3.24
3.18
3.20
2.88
3.33
3.22
2
0.190
6
2
9
839
2,137.0
1,032.9
1,104.2
122.8
136.9
118.3
131.9
116.5
113.0
3.18
3.12
3.30
3.27
3.39
3.44
3.31
3.34
3.51
506
1,631.8
815.4
816.4
91.2
93.1
90.0
92.3
3.52
3.50
3.55
9
2,133
6
530
l,603
71.3
70.4
407
1,224.9
628.7
596.2
78.3
69.8
75.5
67.1
78.7
77.0
437.3
83.1
76.8
106.2
102.2
137.2
133.3
3.16
3.46
3.32
3.41
3.47
3.52
3.50
3.56
3.54
3.58
3.85
3.62
4.46
4.12
4.55
4.46
4.21
4.17
3.40
3.30
3.55
3.59
3.54
3.76
4.24
4.52
4.41
304
4
921.6
4
484.2
4
September 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
S-25
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Mar.
Feb.
Jan.
Dec.
Apr.
May
June
July
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS—Continued
Wheat flour:
Production:
Flour $
thous. sacks (100 lb.).
Offal $
thous. sh. tons.
Grindings of wheat $
thous. bu.
Stocks held by mills, end of period
thous. sacks (100 lb.).
Exports
do...
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb.
Winter, hard, 95% patent (Kans. City)
do...
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb.,
Stocks, cold storage (frozen), end of period, total
mil. lb..
Turkeys
do....
Price, in Georgia producing area, live broilers
$ per lb.,
duction on farms @
mil. cases §.,
Stocks, cold storage, end of period:
Shell
thous. cases §.
Frozen
mil. lb.
Price, wholesale, large (delivered; Chicago)
$ per doz.
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals..
Cattle
do....
Prices, wholesale:
Beef steers (Omaha)
$ per 100 lb..
Steers, stocker and feeder (Kansas City).... do....
Calves, vealers (So. St. Paul)
do....
Hogs:
Slaughter (federally inspected)
thous. animalsPrices:
Wholesale, average, all weights (Sioux City)
$ per 100 lb..
Hog-corn price ratio (bu. of corn equal in value
to 100 lb. live hog)
Sheep and lambs:
Slaughter (federally inspected)
thous. animals.,
Price, wholesale, lambs, average (Omaha)
$ per 100 lb.
MEATS
Total meats (excluding lard):
Production, total
mil. lb.
Stocks, cold storage, end of period
do...
Exports (meat and meat preparations)
do...
Imports (meat and meat preparations)
do...,
Beef and veal:
Production, total
do...
Stocks, cold storage, end of period
do...
Exports
do...
Imports
do...
Price, wholesale, beef, fresh, steer carcasses,
choice (600-700 lbs.) (East Coast) # .. $ per lb.,
..
L a m b and mutton:
Production, total
mil. lb..
Stocks, cold storage, end of period
do...,
Pork (excluding lard):
Production, total
mil. lb..
Stocks, cold storage, end of period
do....
Exports
do....
Imports
do....
Prices, wholesale:
Hams, smoked composite
$ per lb..
Fresh loins, 8-14 lb. average (New York).... do....
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
thous. lg. tons..
Price, wholesale, Accra (New York)
$ per lb..
Coffee (green):
Inventories (roasters', importers', dealers'),
end of period
thous. bags fl..
Roastings (green weight)
do....
Imports, total
do....
From Brazil
do....
Price, wholesale, Santos, No. 4 (N.Y.)
$ per lb..
Confectionery, manufacturers' sales
mil. $..
Fish:
Stocks, cold storage, end of period
mil. lb..
See footnotes at end of tables.
22,817
404
50,886
21,542
374
48,163
23,454
401
52,454
22,291
382
50,205
3,214
486
382
1,165
3,477
1,163
8.400
7.925
8.138
7.788
7.813
7.550
8.038
7.775
1,229
1,081
978
1,057
538
425
346
236
280
175
280
171
0.265
0.245
0.245
0.250
15.2
15.9
15.8
16.5
48
29
43
29
23
28
35
26
277,844
4,855
621,276
22,335
384
49,749
25,053
438
56,062
22,395
400
50,506
24,843
436
55,348
23,738
416
52,934
21,942
381
3,214
19711
1,674
2,145
3,342
1,963
1,505
357
7.160
6.246
8.012
7.467
8.250
7.600
7.938
7.575
7.825
7.550
7.900
7.600
11,916
12,553
1,052
1,234
1,119
310
168
280
175
326
214
416
301
489
373
0.237
0.260
0.305
0.260
179.5
186.2
15.4
15.4
26
28
275,784
4,878
618,125
4,160
17,994
1
39
30
0.624
0.603
0.612
0.618
0.632
4,696
38,717
3,620
36,948
261
2,869
304
3,247
275
3,027
40.38
38.74
48.19
52.34
56.16
69.24
54.59
58.67
75.72
52.40
58.22
81.66
74,019
74,139
5,402
41.12
48.67
19.8
22.4
6,133
5,169
406
53.38
63.49
60.00
39,172
567
1,315
1,741
38,119
724
1
1,338
2,072
2,883
645
93
161
25,780
327
93
1,377
24,610
414
*388
1,635
0.662
r
24,573
422
55,093
22,532
392
50,308
752
2,689
3,895
1,727
1,669
8.313
8.175
8.300
8.125
9.013
8.800
9.288
9.075
10.638
10.388
878
1,063
1,066
1,232
1,195
1,241
259
156
239
136
235
129
263
153
327
201
410
271
0.265
0.280
0.290
0.285
0.285
0.260
0.255
16.3
14.6
16.3
15.8
16.1
15.5
15.9
r
10.513
10.888
0.225
24
21
22
26
0.672
0.716
0.713
0.677
0.735
0.687
0.619
0.648
0.619
287
3,180
274
3,029
267
2,834
265
3,090
212
2,559
245
2,670
200
2,366
188
2,622
162
2,554
190
2,492
54.26
60.23
83.25
54.93
62.06
81.82
53.82
60.75
78.60
55.54
64.19
78.00
60.35
69.95
80.73
64.88
75.61
91.48
71.04
82.55
97.50
75.00
86.83
104.56
73.99
82.20
110.35
68.53
75.00
94.25
67.06
72.07
92.39
6,227
6,203
6,576
6,737
6,101
6,393
5,693
7,113
6,962
7,284
6,678
6,734
46 94
48.83
50.34
52.58
48.68
49.73
52.11
54.93
49.66
45.29
43.77
39.98
38.58
38.41
21.0
23.9
24.2
25.8
23.4
23.0
24.0
24.2
22.3
19.5
18.6
15.9
14.4
14.3
438
435
457
413
396
391
354
431
425
421
371
384
59.25
62.50
60.00
59.50
64.00
73.75
71.25
61.25
70.50
70.75
65.00
61.52
3,274
581
119
137
3,139
598
131
182
3,355
639
124
184
3,345
715
119
201
3,094
724
111
181
3,281
736
102
201
2,758
711
95
184
3,093
763
117
214
2,882
785
99
201
3,133
791
100
190
2,990
747
124
214
2,960
678
103
168
1,896
346
28
123
2,147
324
35
107
2,019
342
42
151
2,151
356
31
141
2,083
396
32
165
1,941
414
33
145
2,110
440
28
160
1,735
413
31
151
1,816
436
36
171
1,619
422
31
157
1,798
413
22
153
1,756
396
35
166
1,716
372
24
131
0.839
0.878
0.835
0.854
0.859
0.845
0.884
0.974
0.975
1.046
1.086
1.086
1.036
1.008
341
10
300
12
23
12
25
11
25
11
27
12
25
12
24
12
23
11
22
11
27
12
26
12
25
13
21
11
22
12
13,051
186
289
298
13,209
242
'346
347
964
220
23
29
1,101
179
31
23
1,095
178
32
23
1,176
207
35
1,236
245
36
29
1,129
242
26
29
1,147
225
23
31
1,001
220
18
27
1,251
247
23
33
1,237
278
26
33
1,309
292
33
28
1,213
270
32
35
1,221
226
27
28
0.900
1.092
0.803
1.102
0.887
1.070
0.905
1.147
1.038
1.211
1.086
1.124
1.078
1.097
0.885
1.254
0.880
1.251
0.939
1.119
0.788
1.114
0.752
1.071
0.707
1.106
0.686
1.064
0.688
1.012
209.7
2.500
16.1
2.500
14.7
2.500
7.3
2.500
15.9
2.500
18.6
2.500
20.2
2.500
27.3
2.500
26.7
2.500
14.6
2.500
12.8
1.570
8.8
1.650
13.7
1.720
11.8
1.580
1.570
2,131
3,781
1,337
57
1.540
328
1,901
334
1.540
335
1,689
1.530
310
2,331
4,497
1,651
280
1.460
312
1,747
333
1.460
258
1,353
101
1.270
288
2,300
4,681
1,631
82
1.360
279
2,037
252
1.380
1,619
75
1.480
2,361
4,301
1,617
173
1.800
1,597
216
2.090
2.010
425
427
426
422
379
343
292
295
298
322
4
0.865
0.952
172.1
2.144
6
6
1,684
14,233
14,808
2,453
1,316
337
3,059
2,331
16,299
18,133
2,679
5
1.484
3,337
187
1,124
56
1.350
337
420
422
364
408
2
3
p
381
62.74
72.37
88.74
60.62
0.972
September 1979
SURVEY OF CURRENT BUSINESS
S-26
1977
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
Annual
1979
1978
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS—Cont.
Sugar (United States):
Deliveries and supply (raw basis): §
Production and receipts:
Production
. thous. sh. tons..
Deliveries, total
do....
For domestic consumption
do....
Stocks, raw and ref., end of period
do.
Exports, raw and refined
sh. tons.
Imports:
Raw sugar, total
thous. sh. tons..
From the Philippines
do....
Refined sugar, total
do.
Prices (New York):
Raw, wholesale
$ per lb..
Refined:
Retail (incl. N.E. New Jersey)
$ per 5 lb..
Wholesale (excl. excise tax)
$ per lb..
Tea, imports
thous. lb..
FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (incl. shortening):
Production
mil. lb.
Stocks, end of period @
do...
Salad or cooking oils:
Production
do..
Stocks, end of period @
do..
Margarine:
Production
do..
Stocks, end of period @
do..
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per lb..
Animal and fish fats:
Tallow, edible:
Production (quantities rendered)
mil. lb..
Consumption in end products
do....
Stocks, end of period
fl
do....
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do....
Consumption in end products
do....
Stocks, end of period
fl
do.
Vegetable oils and related products:
Coconut oil:
Production, refined
mil. lb..
Consumption in end products
do....
Stocks, refined, end of period
fl
do..
Imports
do..
Corn oil:
Production: Crude
do..
Production: Refined
do..
Consumption in end products
do....
Stocks, crude and ref., end of period fl do.
Cottonseed oil:
Production: Crude
do.
Production: Refined
do....
Consumption in end products
do.
Stocks, crude and ref., end of period fl do....
Exports (crude and refined)
do....
Price, wholesale (N.Y.)
$ per lb..
Soybean oil:
Production: Crude
mil. lb..
Production: Refined
do.
Consumption in end products
do.
Stocks, crude and ref., end of period fl do....
Exports (crude and refined)
do.
Price, wholesale (refined; N.Y.)
$ per lb..
TOBACCO
Leaf:
Production (crop estimate)
mil. lb..
Stocks, dealers' and manufacturers',
end of period
mil. lb.
Exports, incl. scrap and stems
thous. lb..
Imports, incl. scrap and stems
do,
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millionsTaxable
do....
Cigars (large), taxable
do.
Exports, cigarettes
do.
See footnotes at end of tables.
5,054
11,242
11,207
4,349
4,575
10,892
10,841
3,734
1
14,138
48
35
905
901
2,729
841
1,122
1,109
2,264
2
0.109
6
1.118
0.169
3
203,012
7
3,841.1
113.0
205
204
464
317
965
960
3,662
1,177
813
808
3,644
1,422
894
890
3,559
764
343
0
214
0
276
8
339
56
0.145
0.138
0.150
0.153
0.214
8,877
0.220
12,332
0.223
14,797
0.219
10,568
381.5
107.9
370.1
110.0
332.2
106.7
334.0
121.3
389.2
121.6
407.1
106.8
401.3
120.4
389.1
123.0
200.6
60.3
207.6
66.0
222.2
68.9
220.6
58.9
0.552
0.525
0.522
0.521
835.0
847.8
55.1
61.7
62.0
45.1
70.3
70.6
46.3
68.8
74.8
41.8
6,106.4
3,180.5
347.2
5,815.9
3,219.5
346.6
442.5
242.5
309.6
491.8
273.6
346.1
474.1
250.3
394.0
729.4
878.7
39.9
994.3
768.3
914.2
44.4
1,022.5
65.3
73.6
38.7
104.5
70.3
79.0
39.0
83.7
61.3
72.4
671.9
577.0
537.6
33.4
720.0
581.1
537.9
70.4
60.5
41.4
37.7
69.3
59.7
55.1
47.3
71.0
63.8
52.7
1,254.6
1,188.8
625.3
142.3
731.2
0.299
1,417.7
1,344.8
697.3
127.1
107.8
110.0
62.3
114.3
103.5
117.5
60.0
102.3
82.0
84.7
728.8
0.332
70.2
0.340
50.0
0.355
658
894
888
2,324
1,020
1,046
853
849
3,084
1,077
840
840
3,734
710
842
835
3,927
494
777
771
4,034
747
115
1,020
1,014
2,054
1,019
1,174
865
607
16
335
54
550
131
400
114
327
66
348
134
0.143
0.114
0.135
0.144
0.150
0.142
1.211
0.204
151,751
0.191
13,141
0.205
13,788
0.213
9,390
0.223
12,502
4,044.6
106.7
293.0
124.2
360.4
107.2
356.0
106.9
4,352.9
105.4
4,849.2
123.0
368.8
130.8
410.6
132.9
2,535.0
79.9
2,519.5
69.5
166.0
67.8
0.507
0.529
769.4
787.9
42.4
20,335
5,130
1,136
656
8,836.5
7,789.5
7,451.1
864.0
1,666.9
0.289
4
1,912
4,177
2
882
10,621.4
8,713.7
8,175.2
970.6
1
1,944.5
0.309
777.9
649.2
596.2
825.6
165.5
0.320
50.9
72.6
57.3
84.8
82.3
0.405
783.3
679.9
672.5
728.6
193.4
0.330
p
3,099
1,241
1,053
657
47
637
77
355
0
0.139
0.141
0.146
0.157
0.154
0.220
15,584
0.222
13,822
0.220
13,556
0.225
14,352
0.226
13,361
'"6.232
314.1
128.5
378.7
105.9
335.9
122.4
377.2
133.2
r
335.9
r
329.6
135.4
397.3
117.1
365.6
109.8
428.3
115.3
399.5
122.0
484.1
138.0
r
422.6
r
130.8
425.5
132.3
250.0
69.5
233.1
66.8
214.8
82.1
242.9
67.5
186.8
77.3
197.5
75.2
r
193.0
78.3
187.6
68.4
0.533
0.528
0.523
0.523
0.535
0.551
0.546
0.542
0.554
79.3
77.3
44.4
78.8
72.1
45.0
80.9
64.7
55.1
77.8
67.5
63.4
68.6
68.6
57.6
81.3
73.0
46.2
74.2
64.6
45.3
82.9
68.6
44.4
505.9
286.0
304.2
501.8
270.1
348.8
486.7
244.8
346.6
503.6
267.7
398.7
432.8
255.1
374.8
488.5
268.8
369.4
449.1
259.9
358.2
488.1
286.7
393.8
84.0
40.6
80.4
59.7
75.4
40.3
100.7
46.7
55.4
44.4
60.1
60.0
72.7
45.0
167.2
55.9
66.3
41.3
83.7
68.0
83.3
43.7
87.7
49.8
69.1
41.6
55.6
65.4
54.4
50.8
70.1
59.8
46.3
43.7
74.6
55.8
43.5
47.6
44.2
49.1
61.0
54.9
41.7
41.6
71.5
69.4
54.2
50.5
69.9
108.8
83.7
55.6
101.4
25.9
0.340
134.0
116.0
64.6
123.0
29.2
0.328
123.5
100.4
54.6
127.1
134.4
118.8
55.9
152.2
56.7
0.335
128.0
113.1
57.0
152.9
71.2
0.380
135.3
126.4
60.9
141.0
89.9
0.385
984.3
782.8
715.9
813.4
96.8
0.329
47.3
70.4
82.5
0.330
974.8 1,050.4
765.7
747.7
709.3
707.5
837.1
970.6
154.8
175.4
0.293
0.305
989.1
753.3
695.1
932.2
219.1
0.309
902.3
982.2
681.7
768.9
636.2
755.3
942.8 1,004.2
249.8
199.0
0.325
0.321
138.3
r
77.2
58.6
'47.0
469.4
253.3
394.0
470.4
265.8
371.3
48.5
69.8
42.0
52.6
'39.1
r
62.0
r
31.6
70.3
50.3
50.8
67.4
45.7
36.1
84.5
69.7
52.2
48.4
85.6
60.6
49.2
61.8
115.0
108.2
48.9
143.1
51.3
0.395
103.7
97.9
64.8
141.0
52.5
0.380
939.6
760.1
682.4
987.3
185.6
0.319
964.7
835.4
775.0
1,043.0
107.3
0.311
r
r
43.1
44.5
45.7
r
86.3
79.3
45.8
137.5
63.1
0.380
r
75.1
63.8
0.405
930.5
754.5
705.4
922.7
299.0
0.321
42,661
35,184
78,132
592,006
3,776
66,835
85,135
614,208
3,621
74,359
5,925
44,397
235
5,523
52,266
28,032
4,728
41,319
26,755
85,785
32,049
9,141
54,308
298
7,205
8,002
50,321
322
7,823
7,634
53,387
346
6,328
95,786
21,474
5,071
86,258
21,548
35,559
42,866
7,522
53,689
323
6,846
5,456
42,125
271
6,160
6,842
55,455
246
4,398
50,142
31,267
4,905
57,079
28,917
51,797
30,072
42,244
35,464
25,312
26,058
6,778
48,628
243
5,639
8,896
58,873
331
7,758
7,713
48,354
249
6,417
9,082
53,199
291
6,687
8,448
42,381
322
7,972
0.388
899.8
166.2
0.346
8
2,025
5,071
687,772
335,981
0.560
75.9
64.2
43.6
4
5,070
628,564
316,236
3
815.8
725.3
699.8
777.5
108.8
0.316
43.0
47.0
963
1,768
28,500
37,980
0.340
September 1979
SURVEY OF CURRENT BUSINESS
1977
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
1978
July
Annual
S-27
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
June
July
91,698 101,425
126
267
2,130
2,358
88,329
204
2,034
78,702
216
1,627
Apr.
May
Aug.
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total #
thous.$..
Calf and kid skins
thous. skins..
Cattle hides
thous. hides..
Imports:
Value, total #
thous. $..
Sheep and lamb skins
thous. pieces..
Goat and kid skins
do....
Price, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy, 9 1/2-15 lb
$ per lb..
Hides, steer, heavy, native, over 53 lb
do...,
LEATHER
Exports:
Upper and lining leather
thous. sq. ft.
Price, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1967=100..
LEATHER MANUFACTURES
Footwear:
Production, total
thous. pairs..
Shoes, sandals, and play shoes, except athletic
thous. pairsSlippers
do....
Athletic
do....
Other footwear
do....
Exports
do....
Prices, wholesale f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1967=100..
Women's oxfords, elk side upper, Goodyear
welt
index, 1967=100..
Women's pumps, low-medium quality
do....
582,906
2,508
24,488
X
694,617
2,665
24,792
47,511
222
1,725
58,797
189
2,176
54,396
339
1,779
60,090
181
1,922
58,503
177
1,754
91,186
241
2,676
61,605
207
1,635
77,390
264
2,056
233
2,405
105,600
17,807
1,762
8,300
1,664
190
7,800
1,323
75
7,600
1,093
117
7,700
920
112
7,100
935
175
7,000
739
158
9,200
1,321
352
8,400
1,581
145
10,000
1,835
191
10,500
1,449
121
24,800
2,967
264
16,500
1,425
231
11,900
1,080
134
1.346
0.472
1.200
0.478
1.850
0.530
1.850
0.590
1.850
0.573
1.650
0.548
1.650
0.518
1.800
0.603
2.000
0.653
2.200
0.913
2.200
0.893
2.200
0.905
1.770
0.829
1.550
0.777
206,276 ^08,799
14,160
19,726
16,224
17,438
17,947
17,176
13,854
16,014
18,833
16,480
15,664
18,526
13,153
235.2
227.2
241.6
270.4
261.7
270.4
267.5
284.7
284.7
338.0
366.7
417.1
394.0
353.8
418,948
26,114
37,090
34,181
36,348
33,826
30,175
r
24,771
6,987
1,743
214
612
23,472
4,667
1,757
181
679
r
197.3
197.3
96,600
15,468
1,137
3
0.914
0.370
2
4
206.1
413,726
316,041
77,602
15,978
2,805
314,695
79,353
20,852
2,669
20,425
4,141
1,271
190
5,411
6,179
454
211.3
185.3
8
157.5
211.4
182.9
161.3
27,429
7,468
1,818
253
605
24,655
7,393
1,780
241
2,003
270
546
r
28,405 '26,281
r
5,334 r5,326
1,504 rl,399
r
r
310
334
526
549
r
r
31,918
35,355
31,701
29,356 '24,811
r
6,034 r5,444
r
l,279 rl,280
'246
^280
657
452
27,367
6,176
1,345
352
512
24,168
5,969
1,098
363
554
340.8
37,034
570
467
213.8
5
193.3
171.8
144.9
25,667
r
33,448
35,668
1.550
0.708
182.9
161.3
221.0
218.6
187.7
161.3
197.3
170.9
197.3
197.3
204.6
207.0
211.8
219.0
219.0
183.0
219.0
183.0
LUMBER AND PRODUCTS
LUMBER—ALL TYPES #
National Forest Products Association:
Production, total
mil. bd. ft.
Hardwoods
do....
Softwoods
do.
Shipments, total
do.
Hardwoods
do.
Softwoods
do.
Stocks (gross), mill, end of period, total
do....
Hardwoods
do.
Softwoods
do....
Exports, total sawmill products
do....
Imports, total sawmill products
do....
SOFTWOODS
Douglas fir:
Orders, new
mil. bd. ft.
Orders, unfilled, end of period
do.
Production
do.
Shipments
do.
Stocks (gross), mill, end of period
do.
Exports, total sawmill products
do....
Sawed timber
d
<
Boards, planks, scantlings, etc
do....
Price, wholesale:
Dimension, construction, dried, 2" x 4", R.L.
$ per M bd. ft.
Southern pine:
Orders, new
mil. bd. ft.
Orders, unfilled, end of period
do.
Production
do.
Shipments
do.
Stocks (gross), mill and concentration yards, end
of period
mil. bd. ft.
Exports, total sawmill products
M bd. ft.
Prices, wholesale (indexes):
Boards, No. 2 and better, 1" x 6", R.L.
1967=100..
Flooring, C and better, F. G., 1" x 4", S.L.
1967=100..
See footnotes at end of tables.
2
r2
38,078
'7,402
'30,676
r2
38,124
r
7,372
r
30,752
r
4,805
802
r
4,003
1,300
12,199
2,988
597
2,391
3,156
574
2,582
4,705
706
3,999
93
1,194
3,263
591
2,672
3,357
567
2,790
4,632
732
3,900
88
1,119
3,285
580
2,705
3,250
577
2,673
4,669
737
3,932
94
1,014
3,333
629
2,704
3,262
601
2,661
4,740
765
3,975
96
1,091
3,102
618
2,484
3,116
600
2,516
4,731
783
3,948
96
979
2,931
595
2,336
2,907
572
2,335
'4,805
802
'4,003
100
954
2,877
619
2,258
2,813
604
2,209
4,811
817
3,994
97
925
2,877
607
2,270
2,756
589
2,167
4,932
835
4,097
121
761
3,306
640
2,666
3,279
620
2,659
4,964
856
4,108
129
3,119
618
2,501
3,107
604
2,503
4,975
870
4,105
126
925
3,219
647
2,572
3,329
644
2,685
4,868
875
3,993
127
1,237
3,143
664
2,479
3,087
632
2,455
5,003
907
4,096
126
1,011
8,712
565
8,796
8,781
964
488
129
359
8,894
553
8,845
8,906
903
478
119
359
719
631
614
702
902
47
4
44
637
548
678
720
776
610
731
714
877
35
11
24
739
612
783
737
923
39
8
31
629
526
701
715
909
34
7
27
716
553
683
689
903
35
7
28
745
622
663
676
890
31
8
23
646
639
668
629
929
46
11
35
800
685
768
754
943
46
13
33
752
690
733
747
929
46
13
33
596
546
706
740
895
54
22
32
793
617
687
722
860
42
13
29
230.38
253.39
245.00
272.06
274.74
266.66
271.51
262.40
258.77
260.53
261.46
267.69
271.17
270.53
2
2
2
8,198
2
2
8,287
2
8,284
669
676
769
561
733
752
671
541
688
691
738
542
737
737
626
510
663
658
618
505
646
623
669
538
654
636
691
607
642
622
792
618
742
781
622
586
665
654
686
566
669
706
745
675
673
636
1,166
157,806
1,169
152,121
1,163
8,991
1,144
10,324
1,141
12,161
1,141
10,467
1,146
15,751
1,169
12,518
1,187
15,273
1,207
25,522
1,168
15,300
1,178
13,321
1,142
14,995
1,179
15,285
8,585
271.0
329.7
333.6
337.7
344.5
346.4
347.1
347.8
348.6
349.4
355.6
359.8
362.8
364.9
370.1
372.8
250.2
276.9
276.6
280.6
282.1
283.8
284.3
285.4
285.4
286.5
288.6
290.4
291.9
293.0
304.0
308.8
37,520
6,597
30,923
2
37,755
6,712
31,043
4,851
772
4,079
1,670
10,698
8,291
470
8,264
8,319
505
106
1,010
274.89
303.60
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
September 1979
SURVEY OF CURRENT BUSINESS
S-28
1977
1978
Annual
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
301.95
LUMBER AND PRODUCTS—Continued
SOFTWOODS—Continued
Western pine:
Orders, new
mil. bd. ft.
Orders, unfilled, end of period
do...
Production
do...
Shipments
do...
Stocks (gross), mill, end of period
do...
Price, wholesale, Ponderosa, boards, No. 3,
1" x 12", R.L. (6' and over)
$ per M bd. ft.
HARDWOOD FLOORING
Oak:
Orders, new
mil. bd. ft.
Orders, unfilled, end of period
do...
Production
do...
Shipments
do...
Stocks (gross), mill, end of period
do...
10,331
590
10,309
10,295
1,329
231.53
112.8
7.9
109.8
110.0
6.2
9,946
469
10,033
10,067
1,295
857
544
796
839
1,347
237.07
232.33
108.6
9.2
104.7
106.3
2.7
8.5
11.4
7.2
7.4
3.7
3
893
506
912
931
1,328
236.92
10.5
11.4
9.9
10.4
3.1
945
1,322
911
545
908
911
1,319
254.23
7.9
10.6
8.7
8.7
3.2
9.8
11.0
8.9
9.4
2.7
717
462
786
800
1,305
8.3
9.6
9.4
8.7
3.4
777
469
760
770
1,295
796
596
710
669
1,336
715
612
731
699
1,368
821
606
863
827
1,404
808
603
814
811
1,407
503
898
933
1,372
831
524
835
810
1,397
317.01
267.17
984
545
304.49
332.11
366.87
371.17
342.59
338.16
306.16
6.3
9.2
8.0
7.2
2.7
9.4
9.2
8.3
9.4
1.6
7.3
9.2
7.8
7.2
2.1
8.4
9.1
8.3
8.6
1.9
7.3
8.3
8.2
8.0
2.1
10.3
9.4
9.1
9.2
2.0
7.6
9.9
8.5
8.7
2.7
6.9
9.5
7.0
7.3
2.4
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tonsScrap
do....
Pig iron
do....
Imports:
Steel mill products
do....
Scrap
do....
Pig iron
do....
Iron and Steel Scrap
Production
thous. sh. tonsReceipts, net
do....
Consumption
do....
Stocks, end of period
do....
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per lg. tonPittsburgh district
do....
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. lg. tonsShipments from mines
do...,
Imports
do....
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do....
Consumption at iron and steel plants
do....
Exports
do..'..
Stocks, total, end of period
do....
At mines
do....
At furnace yards
do....
At U.S. docks
do....
Manganese (mn. content), general imports
do....
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tonsConsumption
do....
Stocks, end of period
do....
Price, basic furnace
$ per sh. tonCastings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous. sh. tonsShipments, total
do....
For sale
do....
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh. tonsShipments, total
do....
For sale
do...,
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons.,
Rate of capability utilization
percentSteel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons.
Shipments, total
do...
For sale, total
do...
See footnotes at end of tables.
2,003
6,175
51
2,508
9,278
51
174
756
5
208
777
7
174
834
1
218
977
11
194
973
8
248
944
11
193
853
35
165
1,145
5
217
871
2
226
847
20
237
870
1
255
234
1,001
16
19,307
625
373
21,135
794
655
1,785
77
42
1,870
71
78
1,584
70
88
1,715
51
41
2,016
67
75
1,372
60
48
1,264
46
49
1,329
48
33
1,096
68
38
1,072
73
47
1,655
59
22
1,366
72
113
1,514
104
25
49,523
'47,873
x
92,090
^,360
x
51,960
x
51,804
'99,133
'8,313
4,070
4,144
7,659
8,865
4,565
4,426
8,279
9,018
4,426
4,186
8,338
8,808
4,699
4,443
8,918
8,536
4,442
4,342
8,397
8,458
4,323
4,239
8,300
8,313
4,222
4,147
8,200
8,008
4,110
4,019
7,928
7,780
4,900
5,122
9,428
8,000
4,658
4,884
8,967
8,138
"4,819
"4,848
"9,123
"8,270
55.99
80.35
73.84
78.29
76.00
82.50
75.40
78.50
72.81
75.50
71.67
75.50
79.05
83.50
85.95
88.50
94.48
93.50
104.74
108.50
122.59
133.00
108.20
111.50
93.16
96.00
105.33
114.00
96.99
102.50
55,750
54,053
37,905
80,718
82,539
29,924
7,559
9,757
3,686
7,593
9,779
4,488
7,314
8,707
4,534
7,032
8,088
1,610
6,546
7,667
4,015
6,552
7,095
3,057
6,144
3,296
2,108
5,634
2,486
1,479
6,681
2,792
854
7,069
5,043
2,242
7,571
9,080
3,567
7,748
9,350
3,993
94,944
108,462
2,143
59,390
14,140
42,271
2,979
834
114,227
116,305
3,762
55,339
12,469
39,301
3,569
842
11,787
9,940
143
51,561
18,772
29,939
2,850
82
14,658
10,137
348
53,791
16,461
34,349
2,981
42
12,291
9,797
520
54,681
15,165
36,738
2,778
97
12,285
10,323
317
55,500
14,104
38,585
2,811
62
11,524
9,954
733
56,432
12,982
40,049
3,401
64
9,732
10,341
435
55,339
12,469
39,301
3,569
63
4,711
9,457
183
53,028
14,852
34,473
3,703
62
3,633
8,988
31
50,685
18,000
29,059
3,626
50
4,436
10,540
20
47,801
21,886
22,862
3,053
60
7,443
10,251
343
46,745
23,912
19,943
2,890
57
12,276
10,932
517
46,563
22,406
21,202
2,955
85
13,294
10,349
411
48,027
20,809
24,173
3,045
122
81,328
82,017
1,309
M83.il
"87,687
88,384
889
196.00
7,637
7,611
1,068
191.00
7,518
7,527
1,080
203.00
7,391
7,463
1,047
203.00
7,809
7,887
983
7,533
7,594
965
203.00
7,658
7,721
889
203.00
7,064
7,098
852
203.00
6,636
6,678
835
7,953
8,043
826
203.00
7,726
7,729
737
203.00
8,277
8,317
739
203.00
"8,026
"8,039
731
203.00
935
15,318
7,496
912
15,294
7,840
946
1,148
587
1,000
1,330
711
963
1,279
673
917
1,444
729
907
1,312
663
912
1,136
561
929
1,239
600
997
1,210
574
1,039
1,478
740
1,302
662
r
l,006
r
l,408
r
173
990
1,347
646
65
829
458
66
816
446
125,333
78.4
137,031
86.8
11,388
85.1
11,550
11,467
88.6
12,105
89.8
11,654
89.4
11,812
87.7
11,105
83.5
10,562
87.9
12,576
94.5
12,196
93.4
12,789
94.8
12,230
93.7
451
1,718
1,488
797
1,863
1,627
592
124
108
634
156
134
668
159
139
711
173
153
734
161
141
797
155
136
926
171
153
938
170
150
974
195
171
1,004
160
140
1,062
183
159
1,071
168
145
2
92.03
95.00
7,799
203.00
11,821
89.9
202.50
SURVEY OF CURRENT BUSINESS
September 1979
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
S-29
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
METALS AND MANUFACTURES—Continued
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons.,
By product:
Semifinished products
do...
Structural shapes (heavy), steel piling
do...,
Plates
do...,
Rails and accessories
do...,
Bars and tool steel, total
do..
Bars: Hot rolled (incl. light shapes)
do..
Bars: Reinforcing
do..
Bars: Cold
finished
do..
Pipe and tubing
do...
Wire and wire products
do...
Tin mill products
do..
Sheets and strip (incl. electrical), total
do..,
Sheets: Hot rolled
do...
Sheets: Cold rolled
do...
By market (quarterly):
Service centers and distributors
do...,
Construction, incl. maintenance
do...,
Contractors' products
do...,
Automotive
do...,
Rail transportation
do...
Machinery, industrial equip., tools
do...
Containers, packaging, ship, materials
do...
Other
do...
Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
mil. sh. tons.
Producing mills, inventory, end of period:
Steel in process
mil. sh. tons.,
Finished steel
do...,
Service centers (warehouses), inventory, end of
period
mil. sh. tons.,
Consumers (manufacturers only):
Inventory, end of period
do...,
Receipts during period
do...,
Consumption during period
do...,
8,206
7,996
10,293
7,438
10,187
8,977
8,319
411
400
662
155
1,401
805
396
191
641
199
526
3,812
1,315
1,607
410
391
648
155
1,440
858
380
193
601
195
461
3,695
1,322
1,499
545
542
850
183
1,851
1,109
499
232
781
245
753
4,543
1,674
1,800
462
477
739
167
1,369
781
427
154
637
207
426
2,952
1,084
1,165
505
535
905
188
1,786
1,030
513
234
754
237
578
4,699
1,672
1,888
505
461
768
169
1,556
893
459
196
768
213
531
4,006
1,536
1,525
421
443
762
147
1,427
838
406
176
678
194
528
3,719
1,407
1,438
91,147
'97,935
'3,991
4,382
7,529
1,863
15,420
9,362
4,179
1,794
7,490
2,400
6,382
41,687
14,558
17,684
'5,070
1
4,667
'8,601
1
1,703
'16,915
'10,045
'4,704
'2,084
'8,399
2,510
6,100
'43,609
'15,447
'17,821
15,346
7,553
4,500
21,490
3,238
5,566
6,714
26,740
17,333
9,612
'3,480
21,253
3,549
5,992
6,595
'30,121
34.1
37.2
34.9
35.1
35.0
34.9
35.6
37.2
36.2
35.9
34.8
36.2
10.1
7.6
11.7
8.0
10.6
7.1
10.6
7.2
10.7
7.3
10.9
7.4
11.0
8.0
11.7
8.0
11.2
8.2
10.8
8.2
11.1
8.5
7.0
6.6
6.9
7.1
6.8
7.1
10.4
7.4
7.0
9.8
63.5
63.9
10.4
67.5
66.9
10.1
5.0
4.7
10.2
5.8
5.7
10.0
5.4
5.6
10.0
6.1
6.1
9.7
5.3
5.6
10.4
5.7
5.0
10.0
5.4
5.8
9.8
5.4
5.6
10.0
6.4
6.2
4,539
1,591
4,804
1,407
408
107
410
125
399
122
416
127
404
132
418
117
418
120
379
119
419
132
673.3
73.8
756.9
34.2
66.9
4.8
50.7
5.2
51.3
2.2
86.9
2.4
43.1
2.8
35.0
2.5
69.6
3.1
41.0
2.4
97.8
207.9
0.5134
126.6
197.0
0.5308
8.5
15.1
0.5300
11.0
14.5
0.5300
15.9
19.5
0.5300
17.7
13.8
0.5300
23.1
15.4
0.5300
14.3
15.7
0.5390
32.4
18.5
0.5500
15.4
18.4
0.5500
12,808
10,419
6,040
2,009
13,982
11,332
6,409
1,986
1,113
880
510
126
1,185
1,007
562
165
1,174
936
535
165
1,340
1,008
575
184
1,179
935
519
174
1,204
928
523
154
1,270
1,007
573
194
5,706
5,496
5,705
5,588
5,612
5,577
5,550
5,496
1,504.0
1,496.2
1,411.0
85.2
1,490.3
1,533.1
1,408.9
124.2
97.8
104.8
95.9
8.9
125.1
133.6
126.9
6.7
123.2
123.4
117.4
6.0
130.4
126.4
128.5
7.9
127.6
147.4
136.1
11.3
376.0
453.0
30.0
36.0
37.0
41.0
528.1
394.0
607.5
463.4
46.5
39.2
38.6
28.7
28.4
17.6
220.3
52.7
321.6
109.3
23.3
7.2
31.6
10.2
2,202
649
178
2,417
491
124
0.6677
0.6651
595
144
0.6408
2,670
2,691
579
2,769
2,775
566
589.2
734.4
204.3
1,582.3
582.9
753.0
83.9
1,468.6
7,608
393
393
694
111
1,272
661
359
149
643
175
472
3,455
1,176
1,430
8,293
457
426
697
123
1,463
845
436
174
211
498
3,720
1,316
1,512
8,252
8,599
7,813
491
419
683
140
1,465
877
407
173
683
204
536
3,630
1,288
1,473
463
422
701
156
1,531
916
422
185
699
219
487
3,921
1,391
1,588
423
424
690
145
1,370
796
411
155
652
199
410
3,499
1,292
1,398
8,196
461
424
746
154
1,430
856
408
159
619
184
524
3,653
1,384
1,420
4,320
2,463
922
5,526
1,015
1,486
1,544
7,330
4,159
2,432
934
5,365
864
1,497
1,615
7,287
4,847
2,666
1,026
5,303
1,055
1,602
1,677
8,426
4,761
2,345
1,017
5,850
985
1,579
1,847
8,112
2
1,629
2
836
2
357
2
1,473
2
320
2
501
2
580
2
2,623
r
36.0
11.5
7.6
11.9
7.5
6.8
11.2
7.7
r
7.1
9.8
5.2
5.4
10.0
6.3
6.1
10.0
r
5.8
r
5.8
10.0
5.3
4.9
402
128
423
131
410
125
44.3
36.2
57.8
r
6.0
36.0
r
6.4
62.6
4.2
14.8
17.2
0.5534
19.4
19.1
0.5800
12.0
26.3
0.5800
1.1
27.7
0.5800
8.3
17.6
1,147
911
515
183
1,374
1,096
633
203
1,129
936
524
173
r
l,252
1,011
575
183
1,184
956
5,395
5,242
5,009
5,025
r
4,960
4,900
113.9
142.8
116.8
26.0
106.4
123.6
110.2
13.4
106.1
127.3
119.2
8.0
121.5
133.4
124.7
8.6
122.9
134.3
127.3
7.1
129.2
134.1
127.5
6.5
119.9
125.0
118.5
6.5
39.0
43.0
41.2
37.6
49.1
49.0
34.5
27.8
24.8
12.3
24.2
6.6
19.2
11.2
17.2
7.0
30.5
15.7
20.5
14.9
28.0
14.7
29.9
23.1
25.2
17.2
41.2
22.2
20.8
5.3
34.4
5.3
34.8
8.8
29.8
9.8
26.3
9.4
33.1
11.6
25.5
10.0
33.0
r
8.9
22.9
r
8.7
30.3
4.8
578
189
621
560
154
550
133
534
126
595
491
124
420
101
388
100
664
372
110
352
116
304
106
0.6723
0.6763
0.7050
0.7119
0.7190
0.7657
0.8970
0.9672
0.9832
0.9123
0.8824
0.8677
37.0
64.1
8.3
109.5
41.8
62.0
5.2
116.7
41.7
65.2
2.5
108.5
7.1
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tonsRecovery from scrap (aluminum content)
do...
Imports (general):
Metal and alloys, crude
do...,
Plates, sheets, bars, etc
do...,
Exports:
Metal and alloys, crude
do....
Plates, sheets, bars, etc
do...,
Price, primary ingot, 99.5% minimum.... $ per lb..
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
mil lb.,
Mill products, total
do...,
Sheet and plate
do...,
Castings
do...
Inventories, total (ingot, mill products, and
scrap), end of period
mil. lb.
Copper:
Production:
Mine, recoverable copper
thous. tons §.
efinery, primary
do...
From domestic ores
do...
From foreign ores
do...
scondary, recovered
as refined
do...
>orts (general):
defined, unrefined,
scrap (copper cont.)
thous. tons §.
Refined
do...
Exports:
Refined and scrap
do..
Refined
do..
Consumption, refined
(by mills, etc.)
thous. sh. tons.
Stocks, refined, end of period
do...
Fabricators'
do...
Price, electrolytic (wirebars), dom., delivered
$ per lb.
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products
mil. lb.
Copper wire mill products (copper cont.)
do...
Brass and bronze foundry products
do...
Lead:
Production:
Mine, recoverable lead
thous. tons §.
Recovered from scrap (lead cont.)
do...
Imports (general), ore (lead cont.), metal
do...
Consumption, total
do...
See footnotes at end of tables.
r
35.5
54.1
11.0
99.5
47.6
62.6
11.0
125.2
49.5
68.5
4.5
124.9
55.5
71.2
7.4
140.4
50.0
70.1
5.2
130.9
49.1
67.6
4.9
123.4
r
826
747
150
708
706
139
666
682
137
53.9
34.8
r
47.6
54.6
4.0
114.6
44.0
60.5
5.4
111.0
42.5
65.1
5.3
124.3
60
.
Aug.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
September 1979
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Lead—Continued
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. tons §..
Refiners' (primary), refined and antimonial
(lead content)
thous. tons §..
Consumers' (lead content)
fl
do....
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. tons §..
Price, common grade, delivered
$ per lb..
Tin:
Imports (for consumption):
Ore (tin content)
metric tons..
Metal, unwrought, unalloyed
do....
Recovery from scrap, total (tin cont.)
do....
As metal
do....
Consumption, total
do....
Primary
do....
Exports, incl. reexports (metal)
do....
Stocks, pig (industrial), end of period
do....
Price, Straits quality (delivered)
$ per lb..
Zinc:
Mine prod., recoverable zinc
thous. tons §..
Imports (general):
Ores (zinc content)
do....
Metal (slab, blocks)
do....
Consumption (recoverable zinc content):
Ores
do....
Scrap, all types
do....
Slab zinc: @
Production (primary smelter), from domestic
and foreign ores
thous. tons §..
Secondary (redistilled) production
do....
Consumption, fabricators
do....
Exports
do....
Stocks, end of period:
Producers', at smelter (ABMS)
do....
Consumers'
do....
Price, Prime Western
$ per lb..
184.6
1
170.4
180.6
186.3
174.2
175.0
172.8
170.4
149.4
155.6
147.8
136.5
133.6
116.7
15.4
109.3
19.4
110.8
30.1
113.8
24.2
109.6
19.6
115.6
17.5
113.4
18.2
110.5
19.4
110.8
14.0
90.2
11.7
88.6
13.2
91.0
13.1
95.0
12.6
99.0
12.4
102.9
91.3
0.3070
86.6
0.3365
61.1
0.3100
63.8
0.3217
63.7
0.3406
68.7
0.3661
75.4
0.3800
86.6
0.3800
75.0
0.4076
74.7
0.4363
69.7
0.4575
66.8
0.4800
67.7
0.4880
59.6
0.5651
0.5807
6,724
48,338
18,503
1,668
68,000
55,500
5,462
8,441
5.3460
3,873
46,773
17,855
1,865
63,100
4,700
4,693
5,040
62
3,144
1,215
180
4,600
3,500
274
7,817
6.0700
355
3,382
1,410
155
5,200
3,700
508
7,260
6.3925
273
3,861
1,265
150
5,200
3,700
298
5,774
6.7484
52
3,410
1,855
175
5,300
4,000
269
4,975
7.3918
193
4,518
1,475
155
5,400
4,000
280
5,666
7.4502
718
2,530
1,380
155
4,900
3,700
375
5,040
6.9562
115
4,581
1,545
150
5,400
4,000
286
4,594
6.8423
1,477
4,115
1,355
135
5,500
3,900
332
4,254
7.2008
176
4,957
1,425
170
6,400
4,700
344
5,891
7.4180
154
5,033
700
4,298
736
4,882
46
2,905
5,400
4,000
311
6,097
7.3590
5,800
4,300
220
5,938
7.4077
515
304
7.5392
7.5952
449.6
337.6
19.9
25.6
24.6
26.6
23.6
23.9
23.0
21.5
23.4
20.8
22.6
21.8
122.8
576.7
207.2
681.1
6.0
49.9
25.6
47.4
9.2
49.2
25.3
54.0
29.2
53.4
33.6
83.8
30.8
43.7
14.9
42.1
28.0
47.0
18.1
36.1
10.2
52.9
100.8
238.2
99.0
237.8
8.8
15.6
8.1
15.6
7.4
15.6
6.8
16.3
9.1
16.3
8.4
15.2
7.5
14.1
7.3
14.2
7.7
15.2
7.1
15.1
7.6
15.1
7.9
22.5
450.1
50.6
1,103.1
0.2
406.1
38.7
1,127.3
0.8
31.7
2.7
84.3
34.5
3.1
100.0
0.4
33.5
3.9
96.4
41.3
2.9
105.3
0.1
39.0
3.4
95.6
0.1
39.1
3.5
87.9
36.9
4.6
88.4
38.4
3.5
89.3
43.8
4.2
96.9
42.6
3.8
88.4
41.0
4.2
94.1
34.2
4.8
90.7
65.8
86.8
0.3439
38.4
94.6
0.3097
31.8
93.2
0.2980
27.4
92.3
0.3116
30.1
86.8
0.3237
26.9
89.0
0.3283
32.9
85.3
0.3442
38.4
94.6
0.3450
36.2
84.2
0.3457
34.5
77.0
0.3562
34.0
93.0
0.3724
40.4
90.2
0.3899
42.4
r
89.4
0.3939
91.7
0.3939
0.0
0.0
0.0
r
80.2
r
27.2
r
26.0
0.0
0.0
0.0
23.1
45.4
r
0.3940
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly #
mil $..
Electric processing heating equipment
do....
Fuel-fired processing heating equip
do....
Material handling equipment (industrial):
Orders (new), index, seas, adj
1967=100..
Industrial trucks (electric), shipments:
Hand (motorized)
number..
Rider-type
do....
Industrial trucks and tractors (internal combustion
engines), shipments
number..
Industrial supplies, machinery and equipment:
New orders index, seas, adjusted
1967-69=100..
Industrial suppliers distribution:
Sales index, seas, adjusted
1967=100..
Price index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
fasteners, metal products, etc.)
1967=100..
Machine tools:
Metal cutting type tools:
Orders, new (net), total
mil. $..
Domestic
do....
Shipments, total
do....
Domestic
do....
Order backlog, end of period
do....
Metal forming type tools:
Orders, new (net), total
do....
Domestic
do....
Shipments, total
do....
Domestic
do....
Order backlog, end of period
do....
Tractors used in construction, shipments, qtrly:
Tracklaying, total
units..
mil. $..
Wheel (contractors' off-highway)
units..
mil. $..
Tractor shovel loaders (integral units only),
wheel and tracklaying types
units..
mil $..
Tractors, wheel, farm, nonfarm (ex. garden and
construction types), ship., qtrly
unitsmil. $..
ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement), ship
thous..
Radio sets, production, total market
thous..
Television sets (incl. combination models),
production, total market
thous..
See footnotes at end of tables.
3
240.8
3
68.0
3
92.5
286.8
71.4
118.2
232.3
336.1
318.2
433.5
308.0
353.0
364.2
392.5
396.4
357.4
444.0
375.9
400.8
18,000
21,409
20,994
25,119
1,297
1,609
1,699
2,190
1,882
2,214
1,986
2,275
1,842
2,191
1,856
2,131
1,847
2,472
1,774
2,326
2,163
2,605
1,994
2,475
1,955
2,406
2,710
3,102
43,289
51,986
3,106
4,645
4,972
5,054
4,486
4,100
4,729
4,837
5,142
4,267
4,954
5,948
65.5
16.8
23.3
78.9
24.4
29.6
106.4
24.4
53.6
199.2
231.1
227.5
225.4
232.7
251.3
258.0
253.4
266.0
267.6
261.7
263.5
261.9
257.2
260.3
207.4
236.5
238.6
243.3
253.7
250.6
253.3
247.2
255.5
256.4
263.0
269.1
270.8
279.4
276.3
191.4
205.3
205.6
206.9
207.8
210.1
212.5
213.8
215.7
217.0
218.5
220.2
221.5
222.8
224.6
2,202.05 3,373.45 249.30 274.65 253.00 334.05 352.90 301.15 420.75 360.95 376.55 357.70 389.90 r335.95
1,980.70 3,043.15 231.20 255.10 234.40 312.00 335.95 238.70 377.25 310.35 343.95 329.95 340.35 r293.00
1,650.80 2,188.50 137.75 161.70 193.60 195.05 188.85 218.50 177.30 208.05 248.10 227.15 247.55 r261.05
1,469.85 1,960.10 123.55 142.90 172.40 173.10 164.60 196.95 158.60 184.70 221.15 195.60 218.10 rr234.40
1,793.6 2,980.6 2,427.5 2,540.0 2,594.9 2,733.8 2,897.9 2,980.6 3,224.1 3,377.0 3,505.4 3,636.0 3,778.3 3,853.2
"298.15
"275.60
"197.85
"169.60
"3,953.5
r
86.65
r
67.10
r
89.50
r
"64.20
"64.20
"72.90
"66.90
"608.9
100.15
93.95
53.70
49.00
501.5
79.95
74.55
71.75
65.45
526.3
80.25
73.75
91.40
74.40
517.7
97.60
92.85
67.25
58.60
548.0
86.95
77.85
72.30
67.60
562.7
105.40
99.00
85.05
79.10
583.1
794.85
730.70
629.95
560.35
384.1
968.55
896.85
824.95
728.50
517.7
19,968
1,136.3
5,271
330.1
22,058
1,376.9
r
6,013
r
440.0
4,752
304.3
1,464
105.7
5,560
361.5
1,466
107.5
42,763
1,331.8
r
48,854
r
2,005.4
11,805
407.7
12,904
450.3
173,106
2,662.7
37,911
552.8
41,352
709.8
56,310
907.7
54,601
56,389
3,703
5,247
52,926
48,036
4,328
4,313
5
15,432
17,406
1,225
1,279
5
86.35
76.85
75.05
69.25
620.5
13,332
486.1
206
2,752.5
103.95
84.95
77.90
70.55
609.1
5,486
377.1
1,564
118.1
72.25
66.95
70.65
64.40
455.1
81.70
75.35
65.15
57.55
518.0
88.15
81.45
85.55
70.85
528.9
6,133
6,442
5,692
4,831
3,937
3,246
5
1,538
1,345
5
2,044
6,099
404.3
56,457
927.2
4,068
3,332
3,359
3,951
2,114
3,220
5
1,151
1,232
5
5,818
5,364
4,254
3,610
3,552
2,872
5
1,225
1,378
5
1,666
81.15
"617.6
1,642
3,830
3,643
4,534
3,208
1,698
1,185
Aug.
September 1979
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
1977
1979
1978
1978
Annual
S-31
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
METALS AND MANUFACTURES—Continued
ELECTRICAL EQUIPMENT—Continued
Household major appliances (electrical), factory
shipments (domestic and export) #
thous..
Air conditioners (room)
do....
Dishwashers
do....
Disposers (food waste)
do....
Ranges
do....
Refrigerators
do....
Freezers
do....
Washers
do....
Dryers (incl. gas)
do....
Vacuum cleaners (qtrly.)
do....
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments....thous..
Ranges, total, sales
do....
Water heaters (storage), automatic, sales
do....
30,957
3,270
3,356
2,941
3,011
5,707
1,598
4,933
3,553
9,392
33,216
4,037
3,557
3,313
3,217
5,890
1,522
5,038
3,621
9,136
2,603
298
210
256
246
548
163
376
246
2,789
111
301
278
294
586
168
469
327
2,720
101
288
287
274
528
115
468
340
2,162
2,855
130
342
335
298
518
103
463
347
2,554
162
342
293
259
431
81
372
324
2,225
240
276
231
221
346
67
325
256
2,143
2,479
259
300
271
236
375
97
416
306
2,506
333
260
256
224
382
116
397
291
3,286
624
334
310
276
514
160
476
328
1,188
2,851
638
275
278
252
412
154
354
233
3,369
693
308
297
277
581
187
455
298
2,888
389
268
263
264
562
199
436
273
3,413
1,508
1,746
3,158
1,636
1,794
2,921
126
124
217
137
146
230
153
165
217
173
154
247
142
147
228
154
169
263
145
139
214
128
145
227
158
167
268
139
144
258
133
153
259
145
171
234
460
50
475
41
530
124
465
80
445
48
47.677
47.677
65,835
54,495
5,895
452.0
6,249
453.2
2
2,757
164
260
285
262
584
235
390
275
p
148
134
217
p
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production $
thous. sh. tons5,861
Exports
do....
625
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton..
46.579
Bituminous: $
Production
thous. sh. tons- 691,344
Industrial consumption and retail deliveries,
^20,476
total #
thous. sh. tons.. 1475,671
Electric power utilities
do.... 1137,776
Mfg. and mining industries, total
do.... X77,387
Coke plants (oven and beehive)
do....
7,020
Retail deliveries to other consumers
do....
Stocks, industrial and retail dealers' end of
period, total
thous. sh. tons.. 152,264
Electric power utilities
do.... 130,898
Mfg. and mining industries, total
do....
21,146
Oven-coke plants
do....
12,721
Retail dealers
do....
220
Exports
do....
53,687
388.6
Price, wholesale t
Index, 1967=100..
COKE
Production: $
449
Beehive
thous. sh. tons..
53,060
Oven (byproduct)
do....
26,948
Petroleum coke §
do....
Stocks, end of period: $
Oven-coke plants, total
do....
6,444
At furnace plants
do....
6,308
At merchant plants
do....
136
Petroleum coke
do....
2,050
Exports
do....
1,241
PETROLEUM AND PRODUCTS
Crude petroleum:
18,886
Oil wells completed
number..
274.2
Price, wholesale
Index, 1967=100..
Gross input to crude oil distillation
units t
mil. bbl.. 5,468.3
90
Refinery operating ratio
% of capacityAll oils, supply, demand, and stocks:
6,832.8
New supply, total
fit
mil. bbl..
Production:
3,009.3
Crude petroleum $
do....
608.8
Natural-gas plant liquids
do....
Imports:
2,425.6
Crude and unfinished oils $
do....
789.1
Refined products $
do....
200.1
Change in stocks, all oils (decrease,—) t •••• do....
Demand, total $
do.... 6,816.1
Exports:
18.3
Crude petroleum
do....
70.3
Refined products
do....
Domestic product demand, total #$
do.... 6,727.5
Gasoline
do.... 2,633.5
64.0
Kerosene
do....
Distillate fuel oil
do.... 1,223.3
Residual fuel oil
do.... 1,120.9
Jet fuel
do....
379.3
58.3
Lubricants
do....
Asphalt
do....
156.0
Liquefied gases
do....
518.9
Stocks, end of period, total $
do.... 1,311.9
Crude petroleum
do....
347.7
121.7
Unfinished oils, natural gasoline, etc
do....
842.5
Refined products
do....
See footnotes at end of tables.
*6,445
866
555
43
680
66
575
116
535
142
575
100
425
179
455
79
360
35
M7.135
47.192
47.498
47.542
47.537
47.530
47.675
47.677
47.677
47.677
47.677
653,800
53,640
64,395
57,775
69,860
69,245
59,630
56,486
53,628
65,492
63,325
70,720
1
618,048
x
55,428
44,035
10,942
6,530
450
57,215
45,952
10,820
6,436
442
53,921
42,556
10,839
6,391
525
52,270
39,770
11,723
6,680
776
52,186
39,659
11,676
6,496
850
56,634
43,579
12,129
6,729
925
60,048
47,016
11,857
6,426
1,175
53,374
41,814
10,879
5,816
680
53,835
41,712
11,602
6,685
520
50,333
38,839
11,028
6,429
465
52,839
41,419
11,025
6,556
394
480,149
129,976
71,093
7,914
141,608 119,791 122,607 125,568 143,564 142,643 141,608 131,891 125,091 130,013 137,668 147,000
126,036 107,443 110,006 112,797 129,359 127,118 126,036 117,469 112,029 116,364 122,811 131,446
15,212 12,058 12,246 12,407 13,848 15,145 15,212 14,057 12,744 13,374 14,582 15,239
7,437
7,352
8,317
8,162
6,604
6,276
6,202
7,272
6,553
8,854
8,520
8,162
360
357
318
275
275
290
355
364
360
365
315
380
5,227
2,691
4,592
39,825
3,531
3,568
3,338
4,911
3,526
6,091
5,930
4,394
447.8
429.8
444.1
445.0
445.5
451.4
437.2
441.9
442.9
442.0
443.8
442.4
355
48,238
26,908
29
4,455
2,252
25
4,379
2,388
29
4,346
2,188
30
4,512
2,244
31
4,383
2,314
32
4,645
2,367
3,461
3,323
139
2,214
2,846
2,731
114
2,489
53
2,954
2,827
127
2,397
46
3,008
2,896
112
2,287
125
3,128
3,029
99
2,191
3,277
3,178
100
2,185
103
17,758
300.1
1,503
301.9
1,516
302.7
1,619
305.7
1,406
307.5
5,498.0
88
470.3
483.2
91
461.9
90
3,175.9
591.6
271.2
50.1
272.4
50.0
2,283.7
719.6
-34.0
7,001.8
192.8
59.5
37.1
556.8
197.0
55.7
-1.1
589.4
5
()
4,448
2,298
4,015
2,024
4,653
2,195
4,389
4,591
3,479
3,322
157
2,223
30
3,440
3,270
170
2,246
90
3,259
3,094
165
2,223
3,405
3,219
186
r
3,406
r
3,178
r
228
3,191
2,955
236
105
93
206
162
1,294
310.5
1,861
312.4
1,372
316.4
1,463
322.2
1,544
324.4
1,138
325.8
1,307
335.6
1,681
356.3
1,526
370.5
475.9
470.6
91
487.6
90
467.4
86
409.1
84
449.1
263.6
48.0
273.8
49.4
261.9
49.6
268.2
50.3
262.2
55.3
238.0
48.6
266.1
54.4
209.1
58.8
41.9
552.3
202.1
52.6
18.3
585.2
199.0
60.0
10.4
587.5
216.3
68.5
-13.9
631.6
211.0
67.0
4
-54.9
651.9
180.4
57.5
-77.1
605.9
196.6
72.6
-4.1
613.3
454.9
4,324
3,461
3,323
139
2,214
78
47.378
6,770.9
8.1
7.5
5.5
11.5
57.5
5.4
8.4
4.3
6.5
7.8
5.6
7.3
74.3
6.8
6.1
6.6
7.1
5.7
5.9
6.3
570.7
592.3
594.6
6,869.9
538.0
639.9
546.5
576.9
617.5
575.3
225.0
204.3
2,721.0
223.5
232.6
214.4
236.3
245.6
232.0
226.4
9.6
5.0
63.4
5.2
10.3
5.3
7.1
3.0
3.4
5.3
112.4
134.2
1,245.9
79.6
95.1
77.9
86.2
107.0
128.2
140.8
100.4
1,101.7
81.6
100.7
81.4
86.2
91.1
85.5
96.0
109.5
33.7
33.2
386.8
31.8
31.4
35.0
32.3
33.4
32.7
34.1
6.2
62.4
5.6
4.6
5.1
5.6
5.2
5.1
5.8
5.2
170.1
21.2
8.2
19.8
13.2
7.5
5.4
21.1
24.1
6.0
515.0
45.7
50.5
40.1
47.5
56.6
34.7
33.7
67.6
55.2
1,277.9 1,222.3 1,221.2 1,263.1 1,281.4 1,291.8 1,277.9 '1,227.2 1,150.1 1,146.0
399.9
376.8
377.9
367.9
368.3
376.8 4 375.9
381.1
357.7
381.6
115.5
116.7
122.0
121.5
115.0
117.8
116.0
119.1
120.8
116.7
630.6
784.5
781.6
732.8
779.8
653.0
744.5
789.4
784.5 4733.5
1,523
385.7
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
September 1979
SURVEY OF CURRENT BUSINESS
S-32
1977
1978
Annual
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products:
Gasoline (incl. aviation):
Production $
mil. bbl.
Exports
do...
Stocks, end of period
do...
Prices (excl. aviation):
Wholesale, regular $
Index, 2/73=100.
Retail (regular grade, excl. taxes), 55 cities
(mid-month)
$ per gal.
Aviation gasoline:
Production
mil. bbl,
Exports
doStocks, end of period
do...
Kerosene:
Production t
do...
Stocks, end of period
do...
Price, wholesale (light distillate) t
Index, 1967=100.
Distillate fuel oil:
Production $
mil. bbl.
Imports t
do..,
Exports
do...
Stocks, end of period
do...
Price, wholesale (middle distillate) t
Index, 1967=100.
Residual fuel oil:
Production $
mil. bbl,
Imports t
do..,
Exports
do..,
Stocks, end of period
do...
Price, wholesale $
Index, 1967=100.
Jet fuel: $
Production
mil. bbl.
Stocks, end of period
do...
Lubricants:
Production
do...
Exports
do...
Stocks, end of period
do...
Asphalt:
Production
do...
Stocks, end of period
do...
Liquefied gases (incl. ethane and ethylene): i
Production, total
do...
At gas processing plants (L.P.G.)
do...
At refineries (L.R.G.)
do...
Stocks (at plants and refineries)
do...
2,581.2
0.7
260.7
2,630.5
0.5
240.7
226.6
0.1
219.1
232.7
(l)
211.8
223.4
0.1
219.3
223.6
0.1
216.1
228.7
(')
223.2
243.9
253.6
265.0
266.4
271.3
275.1
278.1
277.5
282.7
0.507
0.531
0.533
0.542
0.545
0.547
0.554
0.564
14.2
0.1
3.0
13.9
(4)
2.8
1.4
1.6
1.4
1.1
1.2
1.1
2.6
2.5
2.6
2.4
2.7
2.8
62.6
18.1
55.7
14.3
3.8
15.9
4.1
16.7
3.8
16.1
4.7
15.8
4.7
15.5
5.7
14.3
358.5
392.7
393.1
394.4
395.8
397.6
398.4
1,196.3
91.3
0.5
250.3
1,149.9
62.8
1.2
216.4
96.4
4.6
0.1
180.5
101.6
4.4
0.1
200.4
95.2
4.9
0.1
220.8
101.9
5.5
0.1
233.1
100.6
6.7
0.1
233.2
393.2
393.6
394.0
400.1
226.8
0.1
258.9
6
195.3
C)
207.4
254.4
"24L9
287.0
292.5
300.2
314.0
330.9
349.3
370.9
397.9
0.684
0.700
0.732
0.772
0.814
0.878
0.931
0.968
0.8
0.6
0.9
3.1
2.9
2.7
7.0
11.5
7.4
9.8
5.3
10.4
403.0
407.5
413.8
421.0
433.9
464.8
503.5
532.2
587.7
103.5
7.9
(')
216.4
93.2
7.0
175.7
80.2
5.5
0.2
127.1
92.8
5.5
0.1
112.7
407.6
418.0
425.7
240.7
5
6
432.3
452.1
479.4
504.5
543.5
592.8
633.2
640.1
496.1
2.3
90.0
522.5
611.0
491.0
4.6
90.2
498.0
49.4
40.2
0.3
75.3
494.5
50.7
39.2
0.8
73.7
480.8
49.4
39.4
0.4
81.2
481.5
48.8
34.7
0.2
83.4
485.4
50.2
40.5
0.2
88.8
501.7
54.4
43.2
0.6
90.2
512.8
59.1
42.0
0.2
82.0
519.2
50.2
36.6
0.3
68.2
520.5
53.2
50.9
0.4
72.0
541.9
607.6
642.5
661.9
680.9
753.7
355.0
34.5
355.2
33.7
28.8
•38.0
30.1
35.7
29.7
35.3
29.1
33.1
30.5
32.8
30.8
33.7
29.5
32.0
27.9
30.4
34.0
32.6
64.5
9.6
12.1
69.5
9.7
12.2
6.3
0.7
11.9
6.1
0.9
11.6
6.0
1.0
11.8
6.3
0.6
12.1
6.1
0.7
12.3
5.7
0.9
12.2
5.8
0.5
12.5
5.4
0.5
13.0
5.9
0.9
12.2
154.1
18.7
171.7
20.8
17.7
21.8
18.9
16.8
19.1
16.2
18.6
13.7
15.4
16.1
12.3
20.8
9.0
23.8
8.5
26.9
11.7
30.4
571.6
443.0
128.6
136.3
561.0
431.5
129.5
132.0
46.4
35.6
10.8
147.3
46.3
35.4
10.9
155.1
46.1
34.7
11.4
156.7
46.8
35.8
10.9
152.4
46.8
36.1
10.7
144.2
48.0
36.8
11.3
132.0
50.5
40.0
10.5
6
113.5
42.8
33.7
9.1
99.1
48.3
38.0
10.3
96.2
384.1
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. cords (128 cu.ft.)..
Consumption
do...
Stocks, end of period
do....
Waste paper:
Consumption
thous. sh. tons.,
Stocks, end of period
do...
WOODPULP
Production:
Total, all grades #
thous. sh. tons.
Dissolving and special alpha
do...
Sulfate
do....
Sulfite
do...
Groundwood
do...
Semichemical
do...
Stocks, end of period:
Total, all mills
do...
Pulp mills
do...
Paper and board mills
do...
Nonpaper mills
do...
Exports, all grades, total
do...
Dissolving and special alpha
do...
All other
do...
Imports, all grades, total
do...
Dissolving and special alpha
do...
All other
do...
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, unadjusted
thous. sh. tons.
Paper
do...
Paperboard
do...
Wet-machine board
do...
Construction paper and board
do...
See footnotes at end of tables.
72,875
73,971
5,761
77,025
77,290
6,244
6,203
6,090
5,141
6,349
6,231
5,323
6,251
6,275
5,363
6,894
6,508
5,895
6,429
6,358
5,976
6,288
5,980
6,244
5,949
6,404
5,820
5,766
6,287
5,375
6,722
6,987
5,116
6,335
6,869
4,803
6,541
6,741
4,603
6,913
6,901
4,599
12,192
728
13,178
740
988
732
1,136
732
1,020
744
1,144
721
1,071
709
1,004
740
1,078
673
1,027
618
1,139
641
1,083
1,123
668
1,093
660
47,075
1,415
35,739
1,758
4,216
3,948
3,672
114
2,823
129
304
301
3,848
117
2,983
116
302
329
3,878
84
2,960
127
362
345
4,051
118
120
375
351
3,954
105
3,007
131
370
341
3,628
90
2,745
114
364
316
3,905
98
3,000
104
352
351
3,815
92
2,926
122
347
328
4,307
128
3,250
162
396
370
4,096
121
3,070
160
378
4,368
139
3,240
164
384
441
4,321
136
3,215
155
369
446
2
760
2
444
434
61
224
47
177
456
8
448
906
383
462
61
310
83
227
347
6
340
5,602
2,511
2,590
12
489
5,448
2,433
2,544
11
461
3
49,033
1,401
34,005
2,000
4,753
3,568
2
3
1,356
2
684
609
62
3
2,640
796
3
1,844
3
3,864
179
3
3,686
254
435
70
3
2,599
757
3
1,841
3
4,025
176
3
3,849
1,014
516
432
66
230
69
161
327
20
307
1,048
545
436
67
174
54
120
325
5
320
993
473
454
66
269
73
196
316
20
297
999
486
442
70
207
60
147
351
8
343
788
300
423
65
204
52
152
367
33
333
760
254
435
70
210
47
163
362
7
355
845
410
371
64
165
41
124
331
16
315
802
389
349
64
198
58
139
347
5
341
834
374
387
72
213
60
150
384
27
357
907
409
431
68
214
46
168
323
10
312
61,869
27,491
28,727
128
5,523
62,066
27,729
28,723
109
5,505
4,793
2,075
2,278
6
435
5,233
2,201
2,513
10
509
4,963
2,134
2,374
9
446
5,321
2,332
2,543
9
436
5,198
2,287
2,440
9
463
4,745
2,144
2,172
9
421
5,175
2,316
2,411
9
440
4,989
2,267
2,298
11
413
5,681
2,541
2,643
13
484
5,409
2,424
2,505
11
469
r
279
88
191
352
8
344
S-33
SURVEY OF CURRENT BUSINESS
September 1979
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
Annual
1979
1978
July
Aug.
Sept.
Oct.
Nov.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS—Cont.
Paper and board—Cont.
Producer price indexes:
Paperboard
Building paper and board
176.4
157.0
1967 = 100..
do....
Selected types of paper (API):
Groundwood paper, uncoated:
Orders, new
Orders, unfilled, end of period
Shipments
thous. sh. tons..
do—
do....
Coated paper:
Orders, new
Orders, unfilled, end of period
Shipments
Uncoated free sheet papers:
Orders, new
Shipments
179.4
187.4
179.5
193.1
179.4
189.8
185.1
187.0
186.1
189.5
186.3
188.7
187.4
187.6
188.5
184.1
190.2
183.6
192.3
182.6
197.2
183.4
198.5
183.3
199.8
181.2
201.5
179.7
104
179
105
134
179
112
112
192
109
143
208
124
115
r
203
r
123
120
194
127
129
199
124
134
218
119
363
404
333
345
420
353
408
413
412
r
r
405
364
401
461
366
l,336
r
137
1,331
r
l,367
r
179
'1,309
72
138
83
84
143
81
124
173
95
100
160
110
140
110
do—
do....
do,
4,279
398
4,261
r
333
405
326
382
408
381
342
405
353
360
367
390
365
356
379
do—
do.
r
6,833
"7,139
7,542
7,579
572
575
636
659
592
597
648
574
630
568
602
660
649
598
619
689
721
3,815
3,894
301
293
301
319
305
292
321
320
4,286
4,215
317
338
327
360
344
328
358
349
Unbleached kraft packaging and industrial
converting papers:
Shipments
thous. sh. tonsdo—
r
4,428
404
4,448
r
r
r
r
r
391
440
370
377
439
377
338
410
352
r
r
r
r
r
r
627
668
r
704
719
r
r
r
r
341
340
r
349
r
403
379
r
397
677
713
631
642
339
205.0
180.9
321
r
383
360
Tissue paper, production
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
do.
do....
do
9,005
282
9,713
9,792
203
838
833
293
823
813
303
759
770
292
855
868
279
782
792
269
768
834
203
828
779
252
750
725
276
823
837
262
794
790
266
793
822
237
788
804
221
United States:
Production
Shipments from mills
Stocks at mills, end of period
do,
do....
do—
3,870
3,866
34
3,768
3,779
22
248
246
33
272
277
28
319
316
30
327
332
25
321
322
24
309
311
22
318
318
22
311
309
24
351
353
22
321
324
20
342
339
22
340
338
24
6,772
7,106
560
558
566
624
657
636
555
547
629
634
647
614
796
728
868
829
840
761
728
705
712
717
708
671
689
6,559
7,484
649
680
580
672
648
532
623
613
651
568
575
585
577
215.4
226.2
228.2
230.5
230.5
230.5
230.5
230.5
230.5
238.9
241.7
244.7
247.7
247.7
247.7
247.7
558
1,037
557
600
1,370
582
560
1,560
542
598
1,600
587
584
1,470
576
605
1,479
597
566
1,412
600
546
1,370
531
618
1,451
593
621
1,482
612
657
1,583
628
630
1,638
619
605
1,674
619
621
1,554
624
599
1,554
560
616
1,588
616
227,197
243,898
17,601
22,301
20,531
22,608
20,354
18,599
20,844
19,409
22,863
20,574
21,769
20,986
19,615
2,639.0
2,105.0
2,734.0
2,278.1
200.3
167.4
244.7
207.6
232.4
195.5
247.4
210.6
231.0
193.3
238.3
202.3
218.1
187.4
208.1
180.5
254.1
218.6
205.7
180.1
233.0
204.2
228.7
201.1
206.5
181.2
Consumption by publishers 1
)
do.
Stocks at and in transit to publishers, end of
period
thous. sh. tons-
Imports
do—
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
Index, 1967=100Paperboard (American Paper Institute): §
Orders, new (weekly avg.)
thous. sh. tons..
Orders, unfilled
do—
Production, total (weekly avg.)
do—
Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil. sq. ft. surf. areaFolding paper boxes, shipments.... thous. sh. tonsmil. $..
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
Stocks, end of period
780.13
127.65
792.41
764.65
125.58
746.23
51.68
125.41
47.79
69.13
126.06
71.02
65.55
127.65
77.07
69.47
133.48
54.90
70.89
123.95
46.05
62.81
125.58
71.51
68.25
121.36
72.84
66.62
115.59
64.22
74.53
116.13
72.80
61.77
136.63
89.89
r
60.22
130.17
54.96
58.95
137.68
81.96
56.22
0.416
0.496
0.494
0.520
0.544
0.543
0.581
0.558
0.544
0.570
0.615
0.674
0.754
0.688
0.638
2,417.53
2,464.09
426.83
2,473.41
2,436.40
424.07
195.95
170.59
456.46
205.67
213.94
445.08
207.37
211.70
437.67
212.33
220.29
425.32
212.10
212.15
419.91
219.09
209.84
424.07
207.94
226.00
407.09
200.81
201.36
399.97
232.08
224.39
393.57
216.68
201.51
398.92
223.32
211.99
391.53
210.66
179.55
401.26
thous. lg. tons-
239.98
254.96
19.35
20.04
20.77
22.22
23.81
23.77
23.62
22.29
27.74
29.43
28.74
34.61
thous. metric tonsdo...
do...
85.37
111.34
16.26
119.22
118.73
14.12
9.53
8.75
13.67
10.79
9.60
15.14
5.00
10.01
15.51
10.40
11.28
14.84
10.15
9.58
15.25
9.91
10.58
14.12
thous. metric tonsdo—
Imports, incl. latex and guayule ....thous. lg. tonsPrice, wholesale, smoked sheets (N.Y.)— $ per lb..
Synthetic rubber:
Production
thous. metric tonsConsumption
do,
Stocks, end of period
do.
Exports (Bu. of Census)
Reclaimed rubber:
Production
Consumption
Stocks, end of period
34.51
TIRES AND TUBES
Pneumatic casings, automotive:
Production
thous.
231,638
223,406
15,108
19,245
19,155
20,497
18,299
18,869
20,352
19,592
21,807
18,609
18,544
15,603
Shipments, total
Original equipment
Replacement equipment
Exports
do..
do..
do..
do-
226,583
65,998
155,195
5,390
236,640
66,884
165,193
4,563
17,584
4,077
13,265
242
20,516
4,680
15,464
372
22,214
5,933
15,888
392
22,727
6,408
15,871
447
18,872
5,911
12,597
365
16,946
5,065
11,486
17,227
5,644
11,148
436
16,422
5,451
10,530
442
21,952
6,765
14,771
416
19,002
5,185
13,499
319
19,629
5,987
13,274
368
19,845
5,774
13,745
326
Stocks, end of period
Exports (Bu. of Census)
do..
do..
47,181
6,023
43,472
5,328
44,280
314
44,057
462
41,796
414
40,135
520
40,394
483
43,472
541
47,218
560
51,284
437
52,223
648
53,540
457
53,033
510
49,362
686
384
Inner tubes, automotive:
Exports (Bu. of Census)
do..
2,298
3,015
143
223
223
342
274
343
312
218
350
160
186
210
277
See footnotes at end of tables.
0.655
SURVEY OF CURRENT BUSINESS
S-34
1977
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
Annual
September 1979
1978
July
Aug.
Sept.
1979
Nov.
Oct.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
44,622
48,181
July
Aug.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl..
1
418,862
*451,739
43,755
50,340
44,617
48,468
37,851
28,952
16,628
18,713
32,420
35,846
8,300.5
45.0
9,053.1
76.2
807.1
5.4
911.6
5.1
784.9
6.9
875.4
5.7
769.2
6.0
656.4
4.9
501.5
3.6
379.7
4.6
688.8
5.6
711.2
4.9
1,106.8
941.9
94.8
106.4
91.3
94.5
72.5
50.4
37.2
37.1
68.6
63.3
61.8
58.3
4.9
5.6
5.4
5.6
4.6
5.0
3.5
3.2
4.4
4.4
266.2
204.0
297.6
234.4
21.0
231.9
27.0
234.1
24.3
243.2
27.6
243.3
25.7
244.6
23.7
247.9
25.2
253.2
23.9
255.3
28.5
CLAY CONSTRUCTION PRODUCTS
Shipments: @
Brick, unglazed (common and face)
mil. standard brick..
Structural tile, except facing
thous. sh. tons.
Sewer pipe and fittings, vitrified
do....
Facing tile (hollow), glazed and unglazed
mil. brick equivalent.
Floor and wall tile and accessories, glazed and
unglazed
mi. sq. ft.
Price index, brick (common), f.o.b. plant or N.Y.
dock
1967 = 100..
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
r
813.5
r
6.0
755.4
6.5
r
95.3
88.8
4.5
6.0
25.7
261.4
27.6
263.1
26.9
264.5
r
265.8
268.2
72
14
539
257.3
thous. $..
739,919
829,010
thous. gross..
do....
303,452
326,634
26,930
29,428
26,175
30,031
25,710
21,443
26,132
26,090
218,300
29,264
27,640
28,841
28,426
304,785
315,639
24,514
29,484
27,674
27,359
25,547
22,823
24,592
23,008
30,986
25,174
28,088
27,288
do....
do....
do....
do....
25,069
67,466
92,757
24,352
26,637
60,528
106,489
25,084
1,758
5,317
9,501
1,573
2,432
5,683
10,519
2,134
3,357
4,914
9,304
2,060
2,242
4,761
9,253
2,390
1,967
4,473
8,512
2,214
1,651
4,071
8,311
1,900
1,987
3,703
8,744
1,805
1,995
3,356
8,532
1,359
2,671
5,187
10,361
2,803
1,905
4,574
9,766
1,816
2,505
4,994
10,642
1,996
2,421
5,119
10,108
1,924
Wide-mouth containers:
Food (incl. packer's tumblers, jelly glasses,
and fruit jars)
thous. gross..
61,330
65,062
4,187
6,018
5,567
5,967
5,640
4,996
5,681
5,141
6,947
4,754
5,398
5,302
Narrow-neck and wide-mouth containers:
Medicinal and toilet
Chemical, household and industrial
do.
do....
30,091
3,720
27,998
3,841
1,906
272
2,371
327
2,147
325
2,415
331
2,440
301
1,667
227
2,357
315
2,306
319
2,676
341
2,089
270
2,217
336
2,097
317
do....
36,912
44,250
45,902
43,947
43,233
46,515
46,371
44,250
45,168
48,643
45,142
48,503
47,575
48,746
Production:
Crude gypsum (exc. byproduct) .... thous. sh. tons.
Calcined
do...
13,410
12,090
14,402
13,494
1,195
1,164
1,302
1,184
1,251
1,129
1,212
1,206
1,136
1,091
1,129
1,087
1,121
1,092
1,017
972
1,155
1,148
1,239
1,140
1,300
1,135
Imports, crude gypsum
do...
^,074
825
788
700
658
506
453
557
505
621
Sales of gypsum products:
Uncalcined
do...
>5,759
505
568
552
494
462
441
393
286
300
467
558
Glass containers:
Production
Shipments, domestic, total
Narrow-neck containers:
Food
Beverage
Beer
Liquor and wine
Stocks, end of period
202,475
213,343
GYPSUM AND PRODUCTS
Calcined:
Industrial plasters
Building plasters:
Regular basecoat
All other (incl. Keene's cement)
Board products, total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated wallboard
7,954
5,434
do...
396
28
33
33
38
29
29
24
34
31
33
do...
do....
136
312
140
306
9
25
10
29
9
26
11
31
9
25
31
23
9
19
8
18
11
27
9
23
12
27
mil. sq. ft..
do....
do....
do....
do.
do.
do.
15,369
165
418
289
11,840
2,425
232
16,412
137
458
234
12,566
2,786
231
1,351
12
40
21
1,037
221
20
1,502
13
43
21
1,147
257
21
1,326
10
36
17
1,014
228
20
1,479
11
43
17
1,136
250
22
1,317
8
35
17
1,001
237
18
1,440
8
36
15
1,097
265
18
1,375
10
36
14
1,036
260
19
1,297
14
34
14
968
248
19
1,421
14
39
17
1,068
263
19
1,377
10
38
21
1,039
251
20
1,450
12
39
23
1,084
271
22
l,021
4
380
4
630
800
307
483
835
323
502
TEXTILE PRODUCTS
FABRIC (GRAY)
Knit fabric production off knitting machines (own
use, for sale, on commission), qtrly
mil. lb,
Knitting machines active last working day ....thous.
3
1,644.5
32.6
10,237
4,237
5,915
10,147
3,962
6,070
621
234
380
774
298
468
Woven fabric (gray goods), weaving mills:
Production, total #
mil. linear yd.
Cotton
do...
Manmade
fiber
do...
389.2
32.6
403.5
33.9
1,688.6
3
34.3
4
4
4
964
375
579
863
349
505
4
l,015
4
392
4
613
752
292
452
4
l,033
4
394
4
627
r
r
4
Stocks, total, end of period #
Cotton
Manmade
fiber
do..
do..
do..
986
340
640
835
244
585
871
294
570
871
300
565
851
294
551
858
295
558
876
297
574
835
244
585
865
255
604
886
254
626
857
241
611
do...
do...
do..
2,004
858
1,146
5,027
1,230
1,799
2,811
1,082
1,728
2,772
1,008
1,765
2,752
1,043
1,709
2,923
1,166
1,758
2,908
1,127
1,781
3,029
1,230
1,799
2,938
1,259
1,679
2,899
1,262
1,637
2,898
1,279
1,619
2,821
1,257
1,564
672
1,492
4,667
6,678
820
317
493
893
249
639
911
244
661
2,975
1,307
1,667
2,805
1,267
1,539
885
238
642
Orders, unfilled, total, end of period #
Cotton
Manmade
fiber
836
323
503
r
9,321
r
r
COTTON
Cotton (excluding linters):
Production:
Ginnings
ff
thous. running bales
Crop estimate
thous. net weight bales §..
Consumption
thous. running bales..
Stocks in the United States, total, end of period #
thous. running balesDomestic cotton, total
do....
On farms and in transit
do....
Public storage and compresses
do....
Consuming establishments
do....
See footnotes at end of tables.
2
2
2
2
14,018
14,389
6,393
12,890
12,883
1,665
10,268
950
10,549
10,856
6,079
11,229
11,226
r
3,029
7,860
1,050
384
5,326
5,321
700
3,803
1,118
459
15,130
15,126
1,606
3,457
1,063
4
569
13,976
13,971
950
3,431
1,030
482
12,932
12,929
6,603
5,312
1,014
4
595
12,127
12,124
4,893
6,230
1,001
435
11,229
11,226
2,316
7,860
1,050
5
4
603
10,066
10,062
1,326
7,687
1,049
468
9,019
9,016
1,066
6,881
1,069
506
7,940
7,936
806
6,033
1,097
4
584
6,756
6,751
600
5,058
1,093
5,732
5,727
492
4,171
1,064
5
487
484
r
4,631
4,625
r
383
r
3,275
"967
r
495
p
3,790
"3,785
p
250
"2,608
"927
950
September 1979
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
1977
1978
1979
1978
July
Annual
S-35
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
July
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES—Cont.
Cotton (excluding linters)—Continued
Exports
thous. running bales..
4,448
Imports
thous. net-weight bales §..
25
Price (farm), American upland fl cents per lb..
52.1
Price, Strict Low Middling, Grade 41, staple 34
2
(1-1/16"), average 10 markets
cents per lb..
52.7
Spindle activity (cotton system spindles):
Active spindles, last working day, total
mil16.6
Consuming 100 percent cotton
do....
6.7
Spindle hours operated, all fibers, total
bil103.6
Average per working day
do....
0.398
Consuming 100 percent cotton
do....
43.4
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. lin. yd..
4,356
Orders, unfilled, end of period, compared with
5
avg. weekly production
no. weeks' prod11.7
Inventories, end of period, compared with
5
avg. weekly production
no. weeks' prod4.7
Ratio of stocks to unfilled orders (at cotton
5
mills), end of period
,
,
0.40
Exports, raw cotton equiv. thous.
net-weight §
bales460.1
Imports, raw cotton equivalent
do...
525.2
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Filament yarn (acetate)
mil. lb..
282.0
Staple, incl. tow (rayon)
do....
527.0
Noncellulosic, except textile glass:
Yarn and monofilaments
do.... 3,658.6
Staple, incl. tow
do.... 3,653.8
786.7
Textile glass
fiber
do....
Fiber stocks, producers', end of period:
Filament yarn (acetate)
mil. lb..
16.7
Staple, incl. tow (rayon)
do....
49.8
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
,
do....
353.0
Staple, incl. tow
do....
299.7
Textile glass
fiber
do....
67.9
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total #
mil. lin. yd- 6,223.6
Filament yard (100%) fabrics #
do.... 2,014.1
Chiefly rayon and/or acetate fabrics
do....
371.5
Chiefly nylon fabrics
do....
356.9
Spun yard (100%) fab., exc. blanketing #.. do.... 3,583.2
Rayon and/or acetate fabrics, blends
do....
286.2
Polyester blends with cotton
do.... 2,677.1
Filament and spun yarn fabrics
do....
359.5
Manmade fiber gray goods, owned by weaving
mills:
5
Ratio, stocks to unfilled orders, end of period
0.42
Prices, manufacturer to mfr., f.o.b. mill:
50/50 polyester/carded cotton printcloth, gray,
48", 3.90 yds./lb., 78x54-56
$ per yd0.405
65% poly./35% comb. cot. broadcl.,
3.0 oz/sp yd, 45", 128x72, gray-basis,
wh. permpresfin
$ per yd..
0.901
Manmade fiber knit fabric prices, f.o.b. mill:
65% acetate/35% nylon tricot, gray, 32 gauge,
54", 3.2 oz/linear yd
$ per yd0.501
100% textured polyester DK jacquard, 11 oz./
8
linear yd., 60", yarn dyed, finished $ per yd..
1.708
Manmade fiber manufactures:
Exports, manmade fiber equivalent
mil. lbs.. 367.08
Yarn, tops, thread, cloth
do....
206.34
Cloth, woven
do....
131.35
Manufactured prods., apparel, furnishings do....
160.74
Imports, manmade fiber equivalent
do....
531.13
Yarn, tops, thread, cloth
do....
110.11
67.70
Cloth, woven
do....
421.02
Manufactured prods., apparel, furnishings do....
365.24
Apparel, total
do....
218.68
Knit apparel
do....
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
mil. lb..
95.5
Carpet class
do....
12.5
Wool imports, clean yield
do....
53.0
Duty-free (carpet class)
do....
18.8
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills:
Domestic—Graded territory, 64's, staple 2-3/4"
and up
cents per lb..
1.83
Australian, 64's, Type 62, duty-paid
do....
2.27
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd..
101.6
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
mil. sq. yds.. 1,024.6
APPAREL
Women's, misses', juniors' apparel cuttings: @
Coats
thous. units..
18,083
Dresses
do.... 183,702
Suits (incl. pant suits, jumpsuits)
do....
36,904
Blouses
thous. dozen..
23,507
Skirts
do....
5,260
See footnotes at end of tables.
3
58.5
524
0
56.6
388
283
56.5
55.9
59.6
355
0
61.1
464
0
58.1
56.0
577
c
l
54.2
574
c
l
52.5
602
20
53.4
50.8
57.0
59.8
60.0
64.1
65.6
64.4
61.5
60.6
58.7
16.4
6.4
102.4
0.394
41.5
16.3
6.4
6.5
0.327
2.7
16.3
6.3
7.9
0.395
3.2
16.3
6.3
4
9.6
0.385
4
3.9
16.4
6.3
8.1
0.406
3.3
16.4
6.3
10.0
0.399
4
4.0
16.4
6.4
7.3
0.367
2.9
16.4
6.3
10.1
0.406
4
4.2
16.4
6.3
7.9
0.394
3.2
16.4
6.4
4
8.3
0.416
3.4
22.7
17.7
17.2
16.6
17.0
21.1
19.4
19.1
4.9
5.9
5.2
4.7
5.7
4.3
4.6
4.1
4.0
5
0.30
0.26
0.29
0.28
0.25
0.25
0.22
0.21
457.9
676.2
31.4
60.8
35.9
51.3
37.9
52.1
44.8
62.2
50.1
51.1
50.4
44.1
45.6
54.0
3
456
913
3,986
5
16.1
5
4
517
410
io542
io614
55.5
58.8
60.9
58.0
60.9
63.4
61.9
16.4
6.4
9.9
0.398
4
4.0
16.4
6.4
8.2
r
0.411
3.3
16.3
6.4
7.9
0.396
r
3.3
"'£4
18.9
18.7
19.2
18.2
21.9
3.6
3.6
3.6
3.3
4.4
0.21
0.19
0.19
0.19
0.18
0.20
45.4
48.8
56.7
47.5
44.1
38.3
50.5
50.0
57.0
40.3
46.2
34.4
1,020
6.4
1,037
300.9
534.6
76.9
133.8
76.2
139.8
78.2
143.0
78.0
143.7
3,814.3
3,952.8
r
923.3
955.5
952.1
233.7
997.4
1,001.8
235.3
1,056.2
1,056.3
229.9
1,058.5
1,067.1
273.2
15.4
28.7
12.6
37.4
15.4
28.7
12.4
27.5
10.9
37.4
343.4
335.6
97.6
334.3
328.1
89.3
343.4
335.6
98.6
366.3
314.8
91.3
363.7
301.1
98.3
6,603.0
2,247.0
406.4
384.4
3,703.1
331.2
2,593.1
376.2
1,528.5
511.3
99.9
97.6
863.1
79.1
596.3
89.2
1,754.1
634.6
102.1
107.6
959.1
83.7
671.4
93.7
1,721.2
607.0
102.4
112.1
948.2
85.5
646.4
98.4
5
r
0.22
0.21
0.20
0.19
0.17
0.19
0.18
0.21
0.22
0.20
0.492
0.496
0.496
0.516
0.514
0.496
0.495
0.491
0.470
0.469
0.765
0.778
0.776
0.794
0.824
441.70
267.28
165.71
174.42
642.59
147.55
87.76
495.04
425.18
242.40
32.06
18.62
11.11
13.43
70.41
14.13
8.61
56.28
49.66
29.34
35.38
20.99
12.48
14.39
64.90
12.29
8.51
52.61
47.10
26.89
38.12
23.29
15.12
14.82
58.31
11.79
7.85
46.52
40.24
22.92
43.68
27.52
16.95
16.16
50.47
10.24
6.86
40.23
34.38
18.53
44.41
27.15
17.93
17.26
41.08
8.68
6.00
32.40
27.49
13.53
42.88
26.82
17.72
16.06
37.54
8.06
4.93
29.49
24.58
12.02
42.86
27.30
17.69
15.56
47.07
10.02
6.88
37.05
31.64
15.64
43.91
27.70
16.39
16.20
36.31
7.23
4.58
29.08
24.71
11.72
53.20
33.37
19.37
19.83
39.06
10.92
6.72
28.13
22.87
11.16
103.3
13.0
50.4
23.4
7.0
0.8
4.7
2.3
8.4
1.0
5.4
2.5
9.4
1.4
3.4
1.9
8.1
1.2
4.0
1.8
8.1
1.2
4.8
1.5
7.5
0.8
4.0
2.0
10.1
1.4
4.5
1.9
8.2
1.1
3.4
1.3
8.9
0.8
4.2
2.2
1.90
2.34
1.92
2.36
1.92
2.36
1.95
2.36
1.97
2.36
2.02
2.37
2.02
2.37
2.02
2.37
2.02
2.49
2.06
2.65
r
0.22
6
0.21
0.21
0.475
0.470
0.470
0.469
45.03
27.30
16.76
17.72
38.47
9.96
6.51
28.51
23.72
11.90
49.28
30.64
18.84
18.64
45.19
9.79
5.61
35.43
30.45
16.38
52.81
32.27
21.23
20.54
53.03
9.68
6.29
43.35
37.26
19.99
44.92
28.71
17.00
16.21
52.25
8.34
4.91
43.91
38.44
20.03
10.0
0.9
3.9
1.8
8.5
0.8
4.3
2.0
3.1
2.3
2.20
2.73
2.20
2.78
2.18
2.82
1,860
ll,360
r
2,305
r
2,683
r
787
1,954
11,089
2,358
2,588
787
7
0.458
9
1.657
4
116.4
27.3
269.8
4
33.6
60.0
1,075.9
4
282.2
18,727
179,078
27,856
27,893
6,414
1,565
12,430
1,881
1,862
475
2,242
15,664
2,418
2,662
580
2,126
15,493
2,175
2,452
532
1,857
14,730
1,953
2,867
561
1,434
14,883
2,247
2,433
604
1,081
9,763
1,853
1,950
433
1,286
11,293
2,244
2,710
567
1,167
12,167
2,518
2,621
643
1,429
13,715
2,726
2,971
719
r
r
l,612
ll,656
r
2,271
r
2,601
r
756
r
2.18
2.83
Aug.
September 1979
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1977
Annual
1978
July
Aug.
Sept.
1979
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
TEXTILE PRODUCTS—Continued
APPAREL—Continued
Men's apparel cuttings: @
Suits
thous. units..
Coats (separate), dress and sport
do....
Trousers (separate), dress
do.
Slacks (jean cut), casual
thous. doz..
Shirts, dress, sport, inc. knit outerwear
do....
Hosiery, shipments
thous. doz. pairs..
17,311
15,627
124,674
14,627
43,445
248,144
23,050
16,029
112,750
13,500
42,807
267,683
908
900
5,658
739
2,684
22,044
1,437
1,501
1,403
1,698
1,621
1,345
3,777
24,569
4,018
23,664
3,720
24,589
1,267
1,023
9,156
1,050
2,510
20,383
1,516
1,283
3,421
24,062
1,416
1,347
1,267
1,298
1,600
1,556
357
2,979
20,584
461
3,223
22,075
641
3,515
23,928
r
1,379
1,366
541
2,948
23,407
l,287
l,261
1,288
1,373
r
617
r
3,085
22,091
r
640
3,219
26,153
26,734
837.7
6,179
384
723
r
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
mil. $.
do...
do...
do...
do...
38,922
22,682
35,478
33,315
20,704
49,937
26,769
46,602
37,471
21,961
10,491
5,024
9,330
9,298
5,364
r
16,817
r
8,405
15,542
r
10,344
'5,874
16,770
7,509
15,866
10,708
5,657
Backlog of orders, end of period #
do...
U.S. Government
do...
Aircraft (complete) and parts
do...
Engines (aircraft) and parts
do...
Missiles, space vehicle systems, engines, propulsion units, and parts
mil. $.
Other related operations (conversions, modifications), products, services
mil. $.
45,309
26,119
19,709
57,775
30,937
27,927
r
62,990
31,946
5,354
5,857
51,099
28,207
23,600
4,901
6,743
7,604
Orders, new (net), qtrly, total
U.S. Government
Prime contract
Sales (net), receipts, or billings, qtrly, total
U.S. Government
r
56,928
30,094
27,932
r
5,863
r
r
7,233
r
7,419
r
6,881
6,764
7,798
8,910
5,635
7,913
do...
thous. lb.
mil. $.
4,700.9
47,647
2,605
6,451.8
60,170
3
3,589
469.1
4,959
248
564.1
5,844
379
679.1
6,071
356
573.6
5,490
423
752.0
5,652
504
744.7
6,331
550
691.0
5,633
424
576.7
5,104
484
1,107.9
8,726
551
895.8
6,435
560
Passenger cars:
Factory sales (from U.S. plants), total
Domestic
thous.
do...
9,201
8,512
9,165
8,494
589
553
528
492
738
676
894
828
842
784
660
604
727
675
699
644
867
790
750
695
903
824
807
739
2
584
2
Retail sales, total, not seasonally adj
Domestics §
Imports §
Total, seas, adjusted at annual rate
Domestics §
Imports §
do...
do...
do...
mil.
do...
do...
11,185
9,109
2,075
11,311
9,312
2,000
930
762
168
11.0
9.1
2.0
958
752
204
11.9
9.9
2.0
828
662
166
10.8
8.9
2.0
1,034
884
150
11.1
9.2
1.9
909
770
139
11.0
9.0
2.0
769
646
123
11.2
9.4
1.8
784
645
138
11.0
9.0
2.0
841
676
165
11.4
9.1
2.2
1,116
865
251
12.4
9.7
2.7
987
764
224
11.1
8.5
2.6
1,053
798
256
11.1
8.4
2.6
905
701
204
9.4
7.2
2.3
886
689
197
10.5
8.3
2.2
"916
706
P
211
thous.
do...
1,731
1,784
1,729
1,694
1,510
1,655
1,606
1,678
1,629
1,737
1,728
1,729
1,780
1,885
1,819
1,957
1,851
1,974
1,800
1,914
1,753
2,034
1,810
2,153
1,905
thous.
do...
do...
do...
697.20
591.51
2,791.3
849.2
Aircraft (complete);
Shipments
Airframe weight
Exports, commercial
r
r
939.2
7,013
MOTOR VEHICLES (NEW)
Retail inventories, end of mo., domestics:
Not seasonally adjusted
Seasonally adjusted §
Registrations fl, total new vehicles
Imports, incl. domestically sponsored
Trucks and buses:
Factory sales (from U.S. plants), total
Domestic
Retail sales, seasonally adjusted:
Light-duty, up to 14,000 lbs. GVW
Medium-duty, 14,001-26,000 lbs. GVW
Heavy-duty, 26,001 lbs. and over GVW
2.3
2.2
2.0
2.3
45.83
33.75
36.11
25.95
198.3
41.1
61.60
46.61
212.3
78.3
66.74
50.06
232.8
77.2
3
1
314.8
11.3
16.8
261.5
12.6
17.2
308.5
13.5
17.3
309.0
13.8
16.8
301.0
14.9
17.9
299.5
14.5
19.5
283.3
15.3
20.7
268.3
14.7
19.7
641.0
16.58
664.7
22.18
694.2
24.90
732.2
21.73
773.9
21.24
816.1
17.53
847.0
25.13
85.88
63.80
76.23
83.21
90.77
75.85
93.20
70.09
3,547.2
164.5
202.3
297.7
14.1
18.0
763.9
248.42
1,035.68
Truck trailers and chassis, complete (excludes
detachables), shipments
number..
Vans
do....
Trailer bodies (detachable), sold separately
do....
Trailer chassis (detachable), sold separately
do....
3,509
3
3,963
2.8
46.78
271
251
3,145.0
171.5
169.1
822.43
3.2
73.47
61.38
227.2
57.9
354
326
do....
do....
do....
Registrations,H new vehicles, excluding buses not
produced on truck chassis
thous..
2.6
85.73
69.10
228.4
63.7
298
273
4
887
185
281
266
3
2.5
73.32
61.37
311.3
60.0
312
288
272
254
716.1
202.55
2.2
73.17
57.07
223.2
71.5
291
267
3,706
3,415
Retail inventories, end of period, seasonally
adjusted
thous..
Exports (BuCensus), assembled units
do....
Imports (BuCensus), including separate chassis
and bodies
thous..
2.4
64.49
42.92
216.2
62.1
330
305
3,442
3,179
5
386
l,061
4
198
4
396
4
4
335
4
4
305
4
314
"2.4
2.4
337
4
thous.
do-
1,062
5
183
4
7
e
4
7
6
949
158
4
361
754
132
7
282
15,808
10,321
706
1,633
763
150
6
275
16,694
10,907
800
1,141
217.1
45.0
878
212
6
329
298
290
262
r2
236.5
15.9
19.2
221.7
13.6
19.3
199.9
12.0
18.6
211.3
13.0
20.8
921.7
25.80
926.8
21.90
1,022.3
r
28.11
1,071.7
25.95
1,099.9
22.20
70.42
91.20
90.98
70.86
7
7
7
913
202
317
20,529
13,833
1,444
1,428
4
5
4
5
956
229
4
5
310
18,308
12,326
1,105
874
987
237
313
r
20,421
13,191
r
913
943
6
6
6
277
6
r
913
220
211
59.92
6
289
16,962
10,592
855
1,030
159,297
98,687
7,193
20,662
194,976
128,566
6,468
29,775
13,896
8,923
493
2,304
17,245
11,665
714
3,170
15,813
10,404
341
1,718
17,953
12,031
494
1,795
17,733
12,424
624
1,993
17,914
12,505
622
1,674
51,729
46,664
66,750
'59,557
35,910
29,490
67,440
62,400
125,307
124,862
96,255
89,944
4,753
4,351
11,599
11,265
75,461
70,426
6,697
6,198
13,586
13,086
82,733
78,197
5,942
5,533
10,561
8,911
87,200
81,423
6,465
6,174
9,010
9,010
87,605
82,119
6,733
6,461
8,802
8,302
91,773
86,059
r
r
6,827
6,048
5,874
8,039
7,316
7,030
8,296
7,704
r
r
6,524
5,667
7,547
6,619
7,787
5,608
7,281
6,884
r
12,727
6,639
15,236 14,506 14,801
6,993
7,799 13,701
11,827
7,799 13,288
14,736 14,506 14,801
6,293
96,255 104,818 113,049 119,312 119,967 125,311 123,911 124,803
89,944 98,388 107,030 113,802 114,889 120,243 119,335 119,793
1,267
8.9
96.64
75.50
1,225
7.9
93.96
76.68
1,239
9.0
94.20
76.04
1,239
8.9
94.38
76.20
1,232
8.8
94.05
76.31
1,231
8.4
94.18
76.50
1,228
8.1
94.04
76.61
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export):
Shipments
number..
Equipment manufacturers
do....
New orders
do....
Equipment manufacturers
do....
Unfilled orders, end of period
do....
Equipment manufacturers
do....
Freight cars (revenue), class 1 railroads (AAR): $
Number owned, end of period
thous..
Held for repairs, % of total owned
Capacity (carrying), total, end of mo
mil. tonsAverage per car
tons..
See footnotes at end of tables.
x
8.9
"2.1
"1,757
p
l,770
49.77
27.62
269.1
71.7
305
281
5
10,946
1,946
m.o
2,026
1,932
2.3
149
47.6
r
52.03
38.36
244.3
74.3
2.4
58.73
43.19
230.5
80.2
4
826
4
140
661.0
18.05
3
10,826
4
1,977
do...
do...
1,777
2.3
695.12
540.90
3
2,881.8
3
832.7
2.3
Inventory-retail sales ratio, domestics §
Exports (BuCensus), assembled cars
To Canada
Imports (BuCensus), complete units
From Canada, total
1,729
1,780
449
1,225
7.9
93.96
76.68
1,222
7.9
93.80
76.76
1,219
8.0
93.58
76.76
1,219
8.0
93.69
76.88
1,222
7.9
94.04
76.97
1,221
7.8
94.12
77.10
1,224
r
7.8
r
94.40
77.13
1,224
r
7.9
r
94.47
77.19
2
134
83.21
S-37
SURVEY OF CURRENT BUSINESS
September 1979
FOOTNOTES FOR PAGES S-l THROUGH S-36
General Notes for all Pages:
r.
p.
e.
c.
Revised
Preliminary
Estimated
Corrected
Page S-l
Page S-8
1. Estimates (corrected for systematic biases) for July-Sept. 1979 and Oct.-Dec. 1979
based on expected expenditures of business. Such expenditures for the year 1979 appear on
p. 19 of the June 1979 S URVEY .
2. Includes communication.
If. Data for the individual durable and nondurable goods industries appear in the Mar.,
June, Sept., and Dec. issues of the SURVEY .
1. Computed from cumulative valuation total.
2. Data are no longer available; 1978 annual represents Jan.-July.
3. Based on a sample of 14,000 permit-issuing places.
If. Beginning Jan. 1979 SURVEY, monthly and annual data have been restated to reflect
the purchasing power of the dollar as measured by finished goods; comparable data for
periods prior to November 1977 will be shown later.
%. Beginning Jan. 1978, based on CP1-U; see note "11" for p.S-6.
#. Includes data for items not shown separately.
§. Data for Aug., Nov. 1978, March, May, and Aug. 1979 are for five weeks; other
months four weeks.
@. Data for new construction have been revised back to Jan. 1975 and are available from
the Bureau of the Census, Washington, D.C. 20233.
@@. Monthly revisions back to Jan. 1975 will be shown in the 1979 BUSINESS
STATISTICS.
XX- This index has been revised to a new comparison base (1972= 100); monthly data back
to Jan. 1970 are available upon request.
Page S-2
f. Revised series. Estimates of personal income have been revised back to 1975; revisions
prior to May 1978 are on p. 36 of the July 1979 SURVEY .
X- Includes inventory valuation and capital consumption adjustments.
#. Includes data for items not shown separately.
II. Revised data back to 1976 will be shown in the 1979 BUSINESS STATISTICS.
Page S-3
1.
If.
#.
j.
*.
Based on data not seasonally adjusted.
See note "U" for p. S-2.
Includes data not shown separately.
See note "f" for p. S-4.
New series. Data back to 1967 available from BEA.
Page S-4
1. Advance estimate; total manufacturers' shipments for Aug. 1979 do not reflect
revisions for the selected components.
f. Revised series. Data revised back to 1958 to reflect (1) benchmarking of shipments and
inventories to the 1974, 1975, and 1976 Annual Surveys of Manufacturers, (2) recalculation
of new orders estimates, and (3) updating of the seasonal factors. A detailed description of
this revision and historical data appear in reports "Manufacturers' Shipments, Inventories,
and Orders" M3-1.7 (1958-1977) and M3-1.8 (1967-1978), available from the Bureau of the
Census, Washington, D.C. 20233.
*. New series. Data back to 1967 available from BEA.
#. Includes data for items not shown separately.
Page S-9
1. Index as of Sept. 1, 1979; building, 279.9; construction, 290.4.
2. Effective Dec. 1978, data are no longer available; annual total represents Jan.-Nov.
1978.
#. Includes data for items not shown separately.
II. Home mortgage rates (conventional first mortgages) are under money and interest
rates on p. S-15.
§. Data include guaranteed direct loans sold.
X- Source: Media Records, Inc. 64-City Newspaper Advertising Trend Chart.
@. These indexes are restated on the 1972=100 base; monthly data back to 1972 will be
shown in the 1979 BUSINESS STATISTICS.
Page S-10
Page S-5
1. Advance estimate.
2. Comparable data for periods prior to May 1977 are not available.
f. Effective April 1979 SURVEY, data have been revised back to Jan. 1967; revisions for
earlier periods as well as a summary of the changes, are available from the Census Bureau,
Washington, D.C. 20233.
#. Includes data for items not shown separately.
§. Includes sales of mail-order catalog desks within department stores of mail-order firms.
1. Advance estimate; total manufacturers' new and unfilled orders for Aug. 1979 do not
reflect revisions for the selected components.
2. Based on data not seasonally adjusted.
f. See similar note for p. S-4.
#. Includes data for items not shown separately.
$. Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industries are
zero.
If. 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.
1. As of July 1.
#. Includes data for items not shown separately.
X- Revisions for July 1976-Mar. 1978 appear in "Populations: Estimates of the Population
of the United States and Components of Change—1940-79," P-25 No. 802 (June 1979),
Bureau of the Census.
f. Effective Oct. 1978 SURVEY, data have been revised to conform to the 1972 SIC and
adjusted to March 1977 benchmark levels; they are not comparable with previously published data. See "BLS Establishment Estimate Revised to Reflect New Benchmark Levels
and 1972 SIC," in Oct. 1978 Employment and Earnings.
Page S-6
1. Based on unadjusted data.
2. Beginning Jan. 1978, includes TV and sound equipment and repairs formerly in "health
and recreation."
3. Beginning Jan. 1978, residential.
4. Beginning Jan. 1978, includes additional items not previously priced.
5. Includes bottled gas.
$. Compiled by Dun & Bradstreet, Inc.
#. Includes data for items not shown separately.
§. Ratio of prices received to prices paid (parity index).
II. Data through 1977 are for urban wage earners and clerical workers; beginning Jan.
1978, there are two indexes, all wage earners and clerical workers, revised (CP1-W), and all
urban consumers (CP1-U). These indexes reflect improved pricing methods, updated
expenditure patterns, etc.; complete details are available from the Bureau of Labor Statistics,
Washington, D.C. 20212.
*. New series. Earlier data available from BLS.
t. Beginning Jan. 1978, CP1-U.
Page S-7
1. Annual average computed by BEA.
§. For actual producer prices of individual commodities see respective commodities in the
Industry section beginning p. S-22. All data subject to revision four months after original
publication.
ft. Includes data for items not shown separately.
X- Beginning Mar. 1979 SURVEY, data have been revised (back to 1967) to reflect new
seasonal factors.
Page S-ll
Page S-12
f. See corresponding note on p. S-ll.
§. Effective October 1978 SURVEY, includes data formerly shown separately under
ordnance and accessories.
@. Formerly shown as Electrical equipment and supplies.
If. Production and nonsupervisory workers.
Page S-13
f. See note "f" on p. S-ll.
§. See note " § " on p. S-12.
@. See note "@" on p. S-12.
If. Production and nonsupervisory workers.
Page S-14
f. See corresponding note on p. S-ll.
If. Production and nonsupervisory workers.
X- Earnings in 1967 dollars reflect changes in purchasing power since 1967 by dividing by
Consumer Price Index; effective Mar. 1979 SURVEY , data reflect new seasonal factors for the
CPI.
§. Wages as of Sept. 1, 1979: Common, $11.10; Skilled, $14.51.
#. Includes data for items not shown separately.
@. Insured unemployment (all programs) data include claims filed under extended
duration provisions of regular State laws; amounts paid under these programs are excluded
from state benefits paid data.
@@. Insured unemployment as a percent of average covered employment in a 12-month
period.
SURVEY OF CURRENT BUSINESS
S-38
September 1979
Page S-15
Page S-22
1. Average for Dec.
2. Average for the year.
3. Daily average.
#. Includes data for items not shown separately.
§. For demand deposits, the term "adjusted" denotes demand deposits other than
domestic commercial bank and U.S. Government, less cash items in process of collection;
for loans, exclusive of loans to and Federal funds transactions with domestic commercial
banks and include valuation reserves (individual loan items are shown gross; i.e. before
deduction of valuation reserves).
U. Adjusted to exclude domestic commercial interbank loans and Federal funds sold to
domestic commercial banks.
$. Data beginning Dec. 1978 reflect a reduction in the number of banks reporting (from
317 to 171) and changes in consolidation basis as well as content of several asset and liability
items. Unless otherwise stated, comparable data for earlier periods will be available later.
*. New series. Beginning Dec. 1978, data are for all investment account securities;
comparable data for earlier periods are not available.
1. Annual total; monthly revisions are not available.
2. Data withheld to avoid disclosing operations of individual companies.
3. Beginning Jan. 1979, data include chemically-treated fertilizer and sodium nitrate
containing over 16.3% nitrogen by weight; not strictly comparable with data shown for
earlier periods.
4. Because of an overall revision to the export commodity classification system effective
Jan. 1, 1978, data may not be strictly comparable with those shown for earlier periods.
5. See "II" note, this page.
6. Effective Jan. 1979, data are no longer reported separately.
7. Represents solutions containing ammonia and ammonium nitrate/urea solutions; not
comparable with other published data.
8. Annual total for monthly data where available; not comparable with earlier periods.
9. Effective Sept. 1979 SURVEY, data beginning Jan. 1979 are for value of shipments and
comprise three new product categories. Comparable data for these new categories are not
available prior to Jan. 1979. However, the difference between total value of shipments and
total factory sales (formerly shown) is considered statistically insignificant.
10. Beginning July 1979, data include potassium magnesium sulfate and are not strictly
comparable with data for Jan. 1977-June 1979. Deliveries prior to Jan. 1977 include
potassium magnesium sulfate.
#. Includes data for items not shown separately.
§. Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
$. Monthly revisions, back to 1975 for some commodities, will be shown in the 1979
BUSINESS STATISTICS.
@. Monthly revisions for Oct. 1976-Feb. 1978 will be shown in the 1979 BUSINESS
STATISTICS.
If. Beginning Jan. 1977, data exclude potassium magnesium sulfate; not strictly
comparable with those shown for earlier periods.
Page S-16
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
f. Beginning Jan. 1979 SURVEY, the consumer credit group has been completely
restructured; comparable data for periods prior to Nov. 1977 are available from the Federal
Reserve Board, Washington, D.C. 20551.
#. Includes data for items not shown separately.
Page S-17
I.
§.
II.
#.
Reported annual total; revisions not distributed to the months.
Or increase in earmarked gold(-).
At all commercial banks.
Includes data for items not shown separately.
Page S-18
1. Beginning Jan. 1978, data are based on a new classification system and include
nonmonetary gold; the overall total and the commodity groups (but not the items within the
groups) have been revised back to Jan. 1977 to reflect these changes.
§. Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
H. Prices are derived from average yields on the basis of an assumed 3-percent 20-year
bond.
$. For bonds due or callable in 10 years or more.
#. Includes data for items not shown separately.
@. Effective Feb. 1979 SURVEY, seasonally adjusted data have been revised to reflect
sums of commodity components; comparable data for periods prior to 1977 will be shown
later.
@@. Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because of revisions to the totals not reflected in the component
items.
Page S-19
1. See note 1 for p. S-18.
#. Includes data not shown separately.
§. Data may not equal the sum of geographic regions, or commodity groups and principal
commodities, because of revisions to the totals not reflected in the components.
@. See note "@" for p. S-18.
Page S-20
1. See note 1 for p. S-18.
#. Includes data not shown separately.
Page S-21
1. Domestic trunk operations only (averaging about 90 percent of domestic total).
2. Annual total; quarterly revisions are not available.
3. Before extraordinary and prior period items.
4. For month shown.
5. Beginning Jan. 1979, data are based on a new sample of freight shipments for 1976. The
new indexes have been linked to the old indexes to maintain comparability.
6. Data are for unlinked passenger trips.
#. Includes data for items not shown separately.
§. Total revenues, expenses, and income for all groups of carriers also reflect
nonscheduled service.
$. Beginning Jan. 1975, defined as those having operating revenues of $10 million or
more; beginning Jan. 1977, $50 million or more.
II. Average daily rent per room occupied, not scheduled rates.
@. Beginning Jan. 1979, data include visits to Badlands and Theo. Roosevelt National
Parks (formerly classified as recreational areas).
Page S-23
1. Includes Hawaii, not available on a monthly basis; monthly revisions for 1976 will be
shown in the 1979 BUSINESS STATISTICS.
2. Reported annual total, including Hawaii; monthly data are preliminary and subject to
change.
§. Data are not wholly comparable from year to year because of changes from one
classification to another.
@. Monthly revisions, for some series back to 1976, will be shown in the 1979
BUSINESS STATISTICS.
Page S-24
1. See note 4 for p. S-22.
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until
June (beginning of new crop year).
5. Previous year's crop; new crop not reported until Oct. (beginning of new crop year).
6. Aug. 1, estimate of 1979 crop.
7. Beginning Jan. 1978, data for condensed and evaporated milk are reported under the
single heading "total milk and cream, condensed and evaporated"; data for dry whole milk
and nonfat dry milk are under the heading "total dry milk, whole and nonfat." See also note
4 for p. S-22.
8. Ten-month average; Feb. and June prices not available.
9. See note "@@" for this page.
10. Less than 50 thousand bushels.
§. Excludes pearl barley.
#. Bags of 100 lbs.
11. Revised crop estimates for 1970-75 will be shown in the
1979 BUSINESS
STATISTICS.
@. Monthly revisions, for some series back to 1976, will be shown in the 1979
BUSINESS STATISTICS.
$. Monthly revisions back to 1975 will be shown in the 1979 BUSINESS STATISTICS.
@@. Data are quarterly except for June (covering Apr. and May) and Sept. (covering
June-Sept.).
Page S-25
1. See note 4 for p.S-22.
2. See note " # " for this page.
3. Effective Mar. 1979, prices are for Central U.S. and Los Angeles; comparability not
affected.
4. Beginning July 1977, prices represent Midwest and Los Angeles and are not
comparable with those for earlier periods representing East Coast and Los Angeles; annual
average is for July-Dec.
5. Average for five months (Aug.-Dec).
6. Prices for Sept. 1977-Mar. 1979 are estimated; actual price not available. Annual
averages for 1977 and 1978 reflect these estimates and are not comparable with other
periods.
§. Cases of 30 dozen.
H. Bags of 132.276 lbs.
$. Monthly revisions back to Jan. 1975 will be shown in the
1979 BUSINESS
STATISTICS.
@. Monthly revisions back to 1976 will be shown in the
1979 BUSINESS
STATISTICS.
#. Effective Feb. 1979, prices are for Central U.S. (including East Coast); comparability is
not affected.
Page S-26
1. See note 4 for p. S-22.
2. Beginning Jan. 1978, data are not comparable with those shown for earlier periods;
refined sugar now reported with raw.
3. Reflects revisions not distributed to the months.
4. Crop estimate for the year.
5. Data no longer available; see note 2 for this page.
6. Beginning Aug. 1978, prices are estimated; not comparable with those shown for earlier
periods. Annual average for 1978 represents Aug.-Dec.
7. Effective July 1978, data no longer available; annual average represents Jan.-June.
8. Aug. 1 estimate of 1979 crop.
§. Monthly data reflect cumulative revisions for prior periods.
@. Producers' and warehouse stocks.
H. Factory and warehouse stocks.
Page S-27
1.
2.
3.
4.
5.
#.
See note 4 for p. S-22.
Annual total; monthly revisions are not available.
Average for Jan-Sept., Nov., and Dec.
Average for Jan.-May and July-Dec.
Average for Jan.-Oct.
Includes data for items not shown separately.
Page S-28
1.
2.
3.
4.
Annual data; monthly revisions not available.
Average for July-Dec.
Average for 11 months; price not available for Nov.
Average for 11 months; Feb. price not available.
Page S-29
1. Annual data; monthly revisions are not available.
2. For month shown.
§. Beginning with Jan. 1979 data, units are metric tons; to convert, multiply short tons by
0.907185.
Page S-30
1. Data beginning Jan. 1978 exclude stocks of lead base bullion in transit and at
refineries.
2. Less than 50 tons.
3. Annual data; quarterly revisions not available.
4. For month shown.
5. Data are for five weeks; other months 4 weeks.
§. Beginning with Jan. 1979 data, units are metric tons; earlier data are shown in short
tons; to convert, multiply short tons by 0.907185.
II. Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
@. All data (except annual production figures) reflect GSA remelted zinc and zinc
purchased for direct shipment.
#. Includes data not shown separately.
Page S-31
1. Reflects revisions not available by months.
2. Beginning July 1977, data include shipments to mobile home and travel trailer
manufacturers (formerly excluded); they are not directly comparable with data for earlier
periods.
3. Average for eleven months; no price for May.
4. Beginning Jan. 1979, data reflect coverage of additional processing facilities; not
strictly comparable with data shown for earlier periods.
5. Data for oven (byproduct) coke have been restated back to Jan. 1979 to include beehive
coke which is no longer reported separately. Earlier published data for these two items
should be combined for comparability with data shown beginning Jan. 1979.
#. Includes data for items not shown separately.
§. Includes nonmarketable catalyst coke.
U. Includes small amounts of "other hydrocarbons and hydrogen refinery input," not
shown separately.
$. Monthly revisions for the following series will be shown in the 1979 BUSINESS
STATISTICS: bituminous coal—back to 1975; coke—back to 1977; petroleum and products—back to 1976; anthracite coal production—1977; and wholesale price indexes
covering bituminous coal and petroleum and products—1977.
S-39
SURVEY OF CURRENT BUSINESS
September 1979
Page S-32
1. Less than 50 thousand barrels.
2. Data exclude small amounts of pulp because reporting would disclose the operations of
individual firms.
3. Reported annual totals; revisions not allocated to the months.
4. Effective Jan. 1978, exports of aviation gasoline are no longer reported separately.
5. Beginning Jan. 1979, price includes taxes formerly excluded and is an average based on
48 cities comparable prices for earlier periods are not available.
6. See note 4 for p. S-31.
$. See corresponding note for p. S-31.
#. Includes data for items not shown separately.
Page S-33
1. Beginning Jan. 1977, data cover passenger car and truck and bus tires; motorcycle tires
and tires for mobile homes are excluded.
2. Beginning Jan. 1979, data are no longer available.
U. As reported by publishers accounting for about 75 percent of total newsprint
consumption.
§. Monthly data are averages of the 4-week periods ending on the Saturday nearest the
end of the month; annual data are as of Dec. 31.
Page S-34
1. Annual total; revisions not allocated to the months.
2. Crop for the year.
3. Beginning 1st quarter 1977, data exclude garment lengths, trimming, and collars; not
comparable with earlier data.
4. Data cover five weeks; other months, four weeks.
5. First-of-the-month estimate of the 1979 crop.
#. Includes data for items not shown separately.
H. Cumulative ginnings to the end of month indicated.
§. Bales of 480 lbs.
@. Monthly revisions back to 1976 for shipments of clay construction products will be
shown in the 1979 BUSINESS STATISTICS.
Page S-35
1. Effective Jan. 1, 1978, includes reexports, formerly excluded.
2. Season average.
3. Average for sales prior to April 1, 1978;.
4. For five weeks; other months four weeks.
5. Monthly average.
6. Average for Jan.-Oct.
7. Average for Feb.-Jun.
8. Average for 11 months; no price for May.
9. Average of Jan.-June.
10. Less than 500 lbs.
§. Bales of 480 lbs.
H. Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price
reflects total quantity purchased and dollars paid for the entire month (revised price includes
discounts and premiums).
#. Includes data not shown separately.
@. Effective Apr. 1979, S URVEY , data include 600 additional firms; comparable data back
to Jan. 1977 (except for slacks, jean cut, casual, shown on p. S-36) will appear in the 1979
BUSINESS STATISTICS.
Page S-36
1. Annual total includes revisions not distributed to the months.
2. Estimates of production, not factory sales.
3. See note 4 for p. S-22.
4. Excludes one state.
5. Excludes two states.
6. Excludes three states.
7. Excludes four states.
@. See note "@" p. S-35.
#. Total includes backlog for nonrelated products and services and basic research.
§. Domestics include U.S.-type cars produced in the United States and Canada and
foreign-type cars produced in the U.S.; imports cover all other foreign-type cars and captive
imports, and exclude domestics produced in Canada.
11. Courtesy of R.L. Polk & Co.; republication prohibited.
%. Excludes railroad-owned private refrigerator cars and private line cars.
BUSINESS
STATISTICS
1977
BUSINESS STATISTICS 1977 is the 21st biennial supplement to the monthly SURVEY OF CURRENT
BUSINESS.
Annual data for most of the approximately 2,500 series are shown back to 1947. Quarterly series are shown back
to 1966, and monthly series back to 1973. For about 400 key series, a longer historical period of monthly or
quarterly data is shown in an appendix.
The 1977 edition, like its predecessors, contains detailed explanatory notes describing sources, definitions,
methods of compilation, revisions, and the time span for which the data are available. The footnotes in the
SURVEY OF CURRENT BUSINESS provide information that has become available since BUSINESS
STATISTICS 1977 was published.
BUSINESS STATISTICS 1977 is available from the Superintendent of Documents, U.S. Government Printing
Office (GPO), Washington, D.C. 20402. Price $6.25; 376 pages. Order by stock number 003-010-00059-7; enclose
check or money order payable to Superintendent of Documents. BUSINESS STATISTICS 1977 may be ordered
by telephone (202) 783-3238 and charged to Master Charge, VISA, or deposit account at the Superintendent of
Documents.
BfSlXfcSS STATISTICS, Pages S1-S40
INDEX. TO
SECTIONS
General:
1-6
6-8
8,9
9-11
Business indicators
Commodity prices
Construction and real estate
Domestic trade
11-15
15-18
18-20
21
Labor force, employment, and earning!
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
22
23
23—26
27
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
27,28
28-31
31, 32
32, 33
Rubber and rubber products
Stone, clay, and glass products
Textile products..
Transportation equipment
33
34
34-36
36
INDIVIDUAL SERIES
Advertising
Aerospace vehicles
Agricultural loans
Air carrier operations
Air conditioners (room)
Aircraft and parts
Alcohol, denatured and ethyl
Alcoholic beverages
Aluminum
Apparel
Asphalt
Automobiles, etc
9,14
36
15
21
31
5, 36
22
9,23
29
2-7,9-13, 35, 36
31, 32
2-7,9,10,17,19,20, 36
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 incorporations (new), failures
Business sales and inventories
Butter
15
24
30
25
7,9,19,20,23
4,5
17,18
29
34
2—5,9
9
8
6
3, 4
23
Cattle and calves
25
Cement and concrete products
7,9,34
Cereal and bakery products
7
Chain-store sales, firms with 11 or more stores. . . 10,11
Cheese
23
Chemicals
3-5, 7,12,13,17,19,20,22
Cigarettes and cigars
26
Clay products
3,4,7, 34
Coal
3,7,19,31
Cocoa
20,25
Coffee
20,25
Coke....
31
Combustion, atmosphere, heating equipment
30
Communication
1,17, 21
Confectionery, sales
25
Construction:
Contracts
8
Costs
9
Employment, unemployment, hours, earnings. . 11-14
Highways and streets
8
Housing starts
8
Materials output indexes. . . . .^7
9
New construction put in place]
8
Consumer credit
16
Consumer goods output, index
2
Consumer Price Index
6
Copper
29
Corn
24
Cost of living (see Consumer Price Index)
6
Cotton, raw and manufactures
6,19, 34, 35
Cottonseed oil
26
Credit, short- and intermediate-term
16
Crops
2,6,24,26,34
Crude oil
3, 31
Currency in circulation
17
Dairy products
Debt, U.S. Government
Department stores, sales, inventories
Deposits, bank
Dishwashers
Disputes, industrial
Distilled spirits
Dividend payments
Drugstores, sales
3c
2,6, 7,23,24
16
10,11
15,17
31
15
23
2,17
10,11
Earnings, weekly and hourly
13,14
Eating and drinking places
10,11
Eggs and poultry
2,6,7,25
Electric power. .
3, 7, 23
Electrical machinery and equipment
3-5,
7,12,13,17,19,20, 30,31
Employee-hours, aggregate, and indexes
13
Employment
11,12
Explosives
22
Exports (see also individual commodities)
1,18,19
Failures, industrial and commercial
6
Farm prices
6, 7
Farm wages
14
Fats and oils
7,19,20, 26
Federal Government
finance
16
Federal Reserve banks, condition of
15
Federal Reserve member banks
15
Fertilizers
7, 22
Fire losses
9
Fish
25
Flooring, hardwood
28
Flour, wheat
25
Food products
2-7,9,12,13,17,19,20,23-26
Foreign trade (see also individual commod.)
18—20
Freight cars (equipment)
36
Fruits and vegetables
6, 7
Fuel oil
6, 31, 32
Fuels
3, 6, 7,19, 20,31, 32
Furnaces
31
Furniture
3, 7,10,12,13
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gypsum and products
3, 6, 7,23
32
34
22
17
6, 7,19,24,25
10,11
7, 34
Hardware stores
10
Heating equipment
7, 30
Help-wanted advertising index
14
Hides and skins
7, 27
Highways and streets
8
Hogs
25
Home electronic equipment
7
Home Loan banks, outstanding advances
9
Home mortgages
9
Hosiery
36
Hotels and motor-hotels
21
Hours, average weekly
12,13
Housefurnishings
2, 4-6,9,10
Household appliances, radios, and television sets.
2,
7,10,30
Housing starts and permits
8\
Imports (see also individual commodities)
1,19, 20
Income, personal
2
Income and employment tax receipts
16
Industrial production ind@s««:
By industry
3
By market grouping."
2, 3
Installment credit
11,16
Instruments and related products
3, 4,12,13
Insurance, life
16
Interest and money rates
15
International transactions of the United States. . .
1
Inventories, manufacturers' and trade
3—5,9,10
Inventory-sales ratios
4
Iron and steel
3, 7,9,17,19,20,28,29
Labor advertising index, stoppages, turnover
14,15
Labor force
11
Lamb and mutton
25
Lead
29,30
Leather and products
3, 7,12,13, 27
Life insurance
16
Livestock
2,6, 7,25
Loans, real estate, agricultural, bank (see also
Consumer credit)
9,15
Lubricants
31, 32
Lumber and products
3, 7, 9,12,13, 27,28
Machine tools
30
Machinery
3-5, 7,12,13,17,19,20, 30
Mail order houses, sales
10
Manufacturers' sales (or shipments), inventories,
orders
4, 5
Manufacturing employment, unemployment, production workers, hours, earnings
11-14
Manufacturing production indexes
2, 3
Margarine
26
Meat animals and meats
2, 7,19,20,25
Medical care
6
Metals
3-5, 7,12,13,17,19,20,28-31
Milk
24
Mining and minerals
1-3, 7,11-14,17
Monetary statistics
17
Money and interest rates
15
Money supply
17
Mortgage applications, loans, rates
9,15,16
Motor carriers
21
Motor vehicles
2-4,6,10,17,19,20,36
National parks, visits
21
Newsprint
20, 33
New York Stock Exchange, selected data
18
Nonferrous metals
3, 5, 7,17,19,20,29, 30
Oats
Oils and fats
Orders, new and unfilled, manufacturers'
Outlays, U.S. Government
24
7,19,20, 26
5
16
Paint and paint materials
Paper and products and pulp
7, 22
3-5,
7,12,13,17,20, 32, 33
Parity ratio
6
Passenger cars
2-4,6, 7,9,10,17,19,20,36
Passports issued
21
Personal income
2
Petroleum and products
3-7,12,13,17,19,20, 31, 32
Pig iron
28
Plant and equipment expenditures
1
Plastics and resin materials
22
Population
11
Pork
25
Poultry and eggs
2,6, 7,25
Prices (see also individual commodities)
6-8
Printing and publishing
3,12,13
Private sector employment, hours, earnings
11-14
Producer Price Indexes
7, 8
Profits, corporate
17
Public utilities
1-3,8,17,18,23
Pulp and pulpwood
32
Purchasing power of the dollar
8
Radio and television
2,10, 30
Railroads
1,14,18, 21, 36
Ranges
31
Rayon and acetate
35
Real estate
9,15,16
Receipts, U.S. Government
16
Refrigerators
31
Registrations (new vehicles)
36
Rent (housing)
6
Retail trade
3, 4,6,10-14,16
Rice
24
Rubber and products (incl. plastics). 3-5, 7,12,13, 20, 33
Savings and loan assoc, new mortgage loans
9
Savings deposits
15
17
Securities issued
17,18
Security markets
Services
6, 12-14
25
Sheep and lambs
Shoes and other footwear
7,10, 11,27
17
Silver
26
Soybean oil
35
Spindle activity, cotton
20, 28,29
Steel (raw) and steel manufactures
()
Steel
28
S l scrap
17
Stock market customer financing
18
Stock prices, yields, sales, etc
Stone, clay, glass products
3,4, 7,12,13. 17,34
20,26
Sugar
22
Sulfur
22
Sulfuric acid
22
Superphosphate
Tea imports
26
Telephone and telegraph carriers
21
Television and radio
2,10, 30
Textiles and products. . . . 3-5, 7,12,13,17,19,20, 34-36
Tin
30
Tires and inner tubes
7, 33
Tobacco and manufactures
3—6,12,13,26
Tractors
30
Trade (retail and wholesale)
3,4, 6,9-14
Transit lines, urban
21
Transportation
1,6,12-14,17,18, 21
Transportatioa equipment. . . 2-5, 7,12,13,17,19, 20, 36
Travel
21
Truck trailers
36
Trucks (industrial and other)
30, 36
Unemployment and insurance
11, 14
U.S. Government bonds
15-18
U.S. Government
finance
16
U.S. International transactions
1
Utilities
1,3,6,8,17,18,23
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' unemployment insurance
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
31
10,11
19,20,26
6, 7
14
2,13,14
31
31
24, 25
3,4,6,9,12-14
32
^
30
UNITED
STATES
GOVERNMENT PRINTING OFFIC
WASHINGTON,
D.C.
20402
@FedFRASER