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SEPTEMBER 1985 / VOLUME 65 NUMBER
SURVEY OF CUBKENT BUSINESS
CONTENTS
Business Situation
1
National Income and Product Accounts Tables
4
Reconciliation and Other Special Tables
15
Federal Budget Developments
16
Plant and Equipment Expenditures,
the Four Quarters of 1985
19
U.S.- Department ol? Commerce
Malcolm Baldrige / Secretary
Sidney L. Jones / Under Secretary
for Economic Affairs
of Economic Analysis
Allan H. Young / Director
Carol S. Carson / Deputy Director
Capital Expenditures by Majority-Owned Foreign
Affiliates of U.S. Companies, 1985 and 1986
U.S.
22
Editor-in-Chief: Carol S. Carson
International Transactions,
Second Quarter 1985
Survey of Current Business
28
Manuscript Editor: Dannelet A. Grosvenor
Managing Editor: Leland L. Scott
Constant-Dollar Inventories, Sales, and Inventory-Sales
Ratios for Manufacturing and Trade
53
Staff Contributors to This Issue: Lorna M. Aldrich, Leo M.
Bernstein, Ralph Kozlow, Russell C. Krueger, John Moil,
Eugene P. Seskin, David F. Sullivan, Joseph C. Wakefield
SURVEY OF CURRENT BUSINESS. Published monthly by the Bureau
of Economic Analysis of the U.S. Department of Commerce, Editorial correspondence should be addressed to the Editor-in-Chief,
Survey of Current Business, Bureau of Economic Analysis, U.S.
CURRENT BUSINESS STATISTICS
General
SI
Industry
S19
Footnotes
S33
Subject Index (Inside Back Cover)
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the BUSINESS SITUATION
THE
Table 1.—GNP and GNP Prices
pace of production picked up
modestly in the third quarter, accord- [Levels at seasonally adjusted annual rates; percent changes at
annual rates]
ing to the "flash" estimates. Real
GNP increased at an annual rate of 3
1984
1985
percent, up from 2 percent in the
IV
I
II
III*
second quarter (table I).1
GNP (bilIn contrast to the recent pattern, Current-dollar
lions of dollars):
Level
3,758.7 3,810.6 3,853 1 3,909 4
the increase in U.S. production apPercent change from
7.1
preceding quarter
5.6
4.5
6.0
pears to have roughly matched the inGNP (billions of
crease in U.S. demand. Over the four Real
1972 dollars):
quarters ending in the second quarter
Level
16624 16635 16713 16830
Percent change from
of 1985, U.S. demand—as measured
4.3
preceding quarter
.3
1.9
2.8
by real gross domestic purchases— GNP fixed-weighted price
index (index,
had outpaced U.S. production by more
1972=100):
Level
2372
2397
2421
2438
than 1 percentage point. The differPercent change from
preceding
quarter
3.6
4.3
3.9
2.9
ence reflects both a decline in foreign
sales of U.S. production (exports) and GNP implicit price deflator (index, 1972 = 100):
an increase in sales in the United
Level
22610 22907 23055 23229
Percent change from
States of foreign production (imports).
2.8
5.4
preceding quarter
2.6
3.1
In the third quarter, exports again deRevised.
clined, but imports declined as well.
* Flash.
1. The use of the GNP implicit price deflator as a measure
It appears likely that little, if any, of price change should be avoided; see page 6 of the May 1985
inventory accumulation occurred in SURVEY OF CURRENT BUSINESS.
the third quarter. Thus, as in the
second quarter, a slowing in the rate of accumulation contributed negatively to the changes in real GNP and in
real gross domestic purchases. Among
1. Quarterly estimates in the national income and
product accounts are expressed at seasonally adjusted
final sales other than net exports,
annual rates, and quarterly changes in them are difpersonal consumption expenditures
ferences between these rates. Quarter-to-quarter peragain
registered a sizable increase.
cent changes are annualized. Real, or constant-dollar,
estimates are expressed in 1972 dollars.
Both fixed investment and governThe procedures used to prepare the "flash" estiment purchases—reflecting the patmates—that is, estimates prepared 15 days before the
r
1
T
end of the quarter—are the same as those used to prepare the estimates released after the end of the quarter. However, the source data that are available for
the "flash" estimates are limited to only 1 or 2
months of the quarter and are preliminary in some
cases. BEA makes projections of the missing source
data. The major source data that are available are:
For personal consumption expenditures (PCE), July
and August retail sales, unit sales of new autos
through the first 10 days of September, and sales of
new 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 place, and July housing
starts; for change in business inventories, July book
values for manufacturing and trade, and unit auto inventories for July and August; for net exports of goods
and services, July merchandise trade; for 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 GNP prices, the Consumer Price Index for July, and the Producer Price
Index for July.
The estimates for the second quarter are revised;
see table 2.
484-873 0 - 85 - 1 : QL 3
tern of particularly volatile subcomponents—registered changes markedly different from those in the second
quarter. Fixed investment was flat
after a substantial increase, and government purchases were up sharply
after a moderate increase.
Inflation slowed modestly. The
GNP fixed-weighted price index increased 3 percent, down from 4 percent in the second quarter; prices of
gross domestic purchases followed a
similar pattern. Energy prices accounted for most of the slowing; after
a substantial increase in the second
quarter, they changed little in the
third.
Third-quarter developments in the
components of real GNP and in personal income are sketched below on
the basis of data available as of midSeptember.
• Personal consumption expenditures registered a sizable increase, although less than the 5 percent registered in the second quarter. The increase was less evenly spread in the
third quarter than in the second. An
increase in durables, larger than the
second quarter's 7 percent, was accounted for by motor vehicles, as sales
of both autos and trucks increased
Looking Ahead . . .
• NIPA Revisions. An advance overview of the upcoming comprehensive revision of the NIPA's will appear in the October SURVEY. This overview will describe the statistical revisions, the definitional and classificational revisions, and changes in the table formats; it will not present any
of the revised estimates, which are scheduled for release in December.
• Metropolitan Area Projections. An article summarizing projected
trends in income, employment, and population for metropolitan areas to
the year 2000 will appear in a fall issue of the SURVEY. The detailed projections on which the article will be based will be available in October in
volume 2 of 1985 BEA Regional Projections.
• Input-Output Estimates. Two sets of estimates—new structures and
equipment by using industry, and employment and employee compensation—consistent with the 1977 input-output table will appear in a fall
issue of the SURVEY. (BEA's 1977 input-output table was presented in the
May 1984 SURVEY.)
SURVEY OF CURRENT BUSINESS
sharply; furniture and household
equipment edged down after a long
climb. Nondurables changed little
after a 4V2-percent increase, reflecting
the pattern of food as well as clothing
and shoes. Services increased at about
the second quarter's 4 percent.
• Nonresidential fixed investment
slipped after a 14V2-percent increase.
Both structures and producers' durable equipment (PDE) contributed to
the swing. In PDE, most of the swing
was accounted for by computers,
which are quite volatile from quarter
to quarter. Purchases of computers
accounted for much of a large increase in PDE in the second quarter
and more than accounted for a decline in the third. The effect of computers on PDE was partly offset by
motor vehicles; largely reflecting
autos, purchases of motor vehicles declined in the second quarter and increased in the third. In structures,
the swing was concentrated in commercial structures other than office
buildings and in industrial structures;
most categories changed little in the
third quarter.
• Residential investment increased
somewhat more than the 6J/2 percent
registered in the second quarter. The
third-quarter increase was largely in
the components other than new construction that together make up
about one-third of residential investment. Each of these components—additions and alterations, commissions
on the sale of residences, and mobile
homes—increased in the third quarter. The recovery in residential investment from the recent low in the
fourth quarter of 1984 also has been
largely in these components. Over
this period, single-family construction,
which was flat in the third quarter,
has increased moderately. Multifamily construction, which was up in the
third quarter, has declined over this
period.
• Little, if any, appears to have
been added to business inventories in
the third quarter, after moderate accumulation—about $8J/2 billion (1972
dollars)—in the second. Thus, the contribution of inventories to the change
in GNP was negative, although a
little less so than in the second quarter. On the basis of fragmentary information, it appears that farm inventories continued to accumulate, although somewhat less than the $3%
billion in the second quarter. Accumulation in recent quarters has put
farm stocks at levels that are taxing
the capacity of storage facilities. Nonfarm inventories appear to have been
reduced after accumulation of $5 billion in the second quarter. Auto inventories more than accounted for the
reduction. After a substantial increase in the first quarter, auto inventories have been run down to levels
below that considered desirable by the
industry. Overall, it is likely that the
ratio of business inventories to total
final sales moved toward the low end
of the 3.01-3.09 range within which it
has fluctuated during the last 2 years.
• Net exports appear to have increased slightly, as exports declined
less than imports. As in the second
quarter, the changes were largely accounted for by merchandise trade. In
exports, agricultural products registered another sharp decline in the
face of ample worldwide supplies;
nonagricultural exports increased
somewhat after a second-quarter decline. In imports, petroleum was flat
after a large second-quarter increase
that may have reflected some purchases that had been deferred in the
first quarter when petroleum prices
were declining. Nonpetroleum imports again edged down.
• Government purchases increased
substantially after a 3V2-percent increase in the second quarter. In Federal purchases, both defense and nondefense increased. The recent volatility in nondefense purchases is traceable to transactions of the Commodity
Credit Corporation (CCC). The thirdquarter increase in nondefense purchases, and also the second-quarter
decline and the first-quarter increase,
were accounted for by these transactions. Crop prices have been falling,
and, as they fell below support levels,
farmers have taken the option of placing substantial amounts of wheat,
corn, and some other crops with the
CCC. In State and local purchases,
third- and second-quarter increases
were in construction, largely highways.
• Personal income, as it has in
every quarter since the beginning of
1984, increased less than in the preceding quarter: it increased $27 billion, compared with $31 billion in the
second quarter. One source of the
slowing in recent quarters, and by far
the largest source in the third quarter, was farm proprietors' income.
Farm income declined $3 billion on
average in the first and second quar-
September 1985
ters and plummeted $10 Vk billion in
the third. Increases in subsidies had
propped up farm income in the first
and second quarters, but, in the third
quarter, subsidies declined $8x/2 billion. In addition, declines in crop and
livestock prices in the third quarter
more than offset increases in production.
Wage and salary disbursements increased roughly $3% billion less than
the second quarter's $28 billion. Manufacturing increased after no change,
but all other major groups—other
commodity-producing,
distributive,
services, and government and government enterprises—increased less than
in the second quarter. Transfer payments increased roughly $5 billion
more than the second quarter's $x/2
billion. A major factor in the step-up
was an increase, after a decline, in
retroactive Social Security payments.
Personal interest income registered
another small decline, reflecting the
declining rate of interest paid on personal assets. Other components of personal income registered changes that
were similar to those in the second
quarter.
The change in, but not the level of,
personal taxes and nontax payments
in the third quarter reflected the
impact of the timing of refunds on
1984 Federal personal income taxes.
Refund payments are netted against
tax payments in calculating personal
taxes, and, because refunds were
shifted from the first quarter to the
second, personal taxes were unusually
large in the first quarter and unusually small in the second. The impact
on the change in taxes was a plus
$27 V2 billion in the first quarter, a
minus $55 billion in the second, and a
plus $27 V2 billion in the third. Excluding these impacts, personal taxes
increased about $14 Vk billion in the
second quarter and—reflecting the
smaller increase in the tax base and
about $3 billion in legislated reductions—roughly $9Vfe billion in the
third.
Disposable personal income—that
is, personal income less personal
taxes—declined roughly $10 billion in
the third quarter, in contrast to a
$71x/2 billion increase in the second.
Excluding the effect of the tax refunds, the third-quarter increase in
disposable personal income was
roughly the same as the second quarter's 2V2 percent. However, these increases only about matched those in
September 1985
prices; again excluding the effect of
the tax refunds, real disposable
income declined l/2 percent in the
second quarter and was about flat in
the third.
Although the increase in personal
outlays was several billion dollars less
than the $51 billion in the second
quarter, personal saving declined
sharply, reflecting the huge swing in
disposable personal income. The personal saving rate, which had moved
up in the second quarter to 5 percent,
dropped below 3% percent in the
third. Although the pattern of change
in the saving rate was probably affected by the tax refunds, the thirdquarter level probably was not.
Second-quarter corporate profits
Revised second-quarter estimates
show that profits from current production—profits with inventory valuation adjustment (IVA) and capital
consumption adjustment (CCAdj)—increased $6 billion, to $298% billion,
following a $¥2 billion increase in the
first quarter. The revised estimate is
$1 billion higher than the estimate
issued a month ago. Profits from the
rest of the world were revised up $2
billion; domestic profits of nonfinancial corporations were revised down
$V2 billion.
Domestic profits of financial corporations increased $5% billion, to $34
billion, following a $1 billion increase.
Domestic profits of nonfinancial corporations declined $1% billion, to
$242 billion, following no change.
Profits from the rest of the world increased $2 billion, to $23 billion, also
following no change. Profits from the
rest of the world reflected increases
in earnings on direct investment in
Western Europe and Canada, which
more than offset decreases in Latin
America and Australia.
Profits before tax (PBT) differ from
profits from current production by
the IVA and CCAdj. In the second
quarter, both adjustments increased:
the IVA by $l.Vi billion, to $2% billion, and the CCAdj by $6 billion, to
SURVEY OF CURRENT BUSINESS
Table 2.—Revisions in Selected Component Series of the NIPA's, Second Quarter of 1985
Percent change from
preceding quarter at
annual rates
Seasonally adjusted at annual rates
45-day
estimate
75-day
estimate
Revision
45-day
estimate
75-day
estimate
Billions of current dollars
GNP
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Change in business inventories..
Net exports
Government purchases
National income
Compensation of employees
Corporate profits with inventory valuation and capital
consumption adjustments
Other.. ..
Personal income
3,855.1
3,853.1
-2.0
4.7
4.5
2,497.5
464.5
158.2
18.1
-93.4
810.1
2,493.0
467.3
158.0
17.9
-94.0
810.9
-4.5
2.8
-.2
-.2
-.6
.8
8.6
12.6
8.1
7.8
15.3
7.4
9.5
ib.o
3,105.7
3,106.5
•8
3.9
4.0
2,305.2
2,305.9
.7
5.8
6.0
297.3
503.3
298.5
502.1
1.2
-1.2
7.0
-6.3
8.9
-7.2
3,175.5
3,174.7
.8
4.1
4.0
Billions of constant (1972) dollars
GNP
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Change in business inventories
Net exports
Government purchases
1,671.6
1,671.3
-.3
2.0
1.9
1,103.4
219.0
60.8
8.3
-33.3
313.5
1,102.1
220.3
60.9
8.3
-33.8
313.5
13
1.3
.1
0
-.5
0
5.3
11.8
5.6
4.8
14.5
6.4
3.6
3.7
07
-.1
2.7
4.1
3.9
2.6
3.9
3.8
Index numbers, 1972=100 1
GNP implicit price deflator
GNP fixed-weighted price index
GNP chain price index
230.62
242.2
230.55
242.1
1. Not at annual rates.
NOTE.—For the second quarter of 1985, the following revised or additional major source data became available: for personal
consumption expenditures, revised retail sales for June, consumer share of new car purchases for June, and consumption of
electricity for June; for nonresidential fixed investment, revised manufacturers' shipments of equipment for June, revised
construction put in place for June, and business share of new car purchases for June; for residential investment, revised
construction put in place for June; for change in business inventories, revised book values for manufacturing and trade for June;
for net exports of goods and services, revised merchandise trade 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 net interest, financial assets held by households for the quarter, and
revised net interest received from abroad for the quarter; for corporate profits, revised domestic book profits for the quarter, and
revised profits from the rest of the world for the quarter; and for GNP prices, revised residential housing prices for the quarter.
$75 billion. PBT declined $1% billion,
to $221 billion, following a $6y2 billion decline.
Profits with IVA but without
CCAdj—the variant of profits available by industry—increased
$Vfe billion, to $2231/2 billion, following a $4
billion decline. Increases of $5 billion
in domestic profits of financial corporations and of $2 billion in profits
from the rest of the world slightly
more than offset declines in domestic
profits of nonfinancial corporations.
Overall, the domestic profits picture
is essentially the same as that described in the August "Business Situation/' Among financial corporations,
profits of savings and loan associa-
tions increased sharply, because their
costs of raising funds have gone down
with interest rates. Among nonfinancial corporations, profits of manufacturers—particularly of motor vehicles
and petroleum products—and profits
of transportation and public utilities
were down, but trade profits increased.
*
*
*
Second-quarter NIP A revisions
The 75-day revisions of the national
income and product accounts estimates for the second quarter of 1985
are shown in table 2.
SURVEY OF CURRENT BUSINESS
September 1985
National Income and Product Accounts Tables
New estimates in this issue: Second quarter 1985,
The abbreviations used in the tables are: CCAdj
IVA
NIPA's
revised.
Capital consumption adjustment
Inventory valuation adjustment
National income and product accounts
Preliminary
Revised
The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock
No. 003-010-00101-1, price $10.00). Estimates for 1977-79 and corrections for earlier years are in the July 1982 SURVEY; estimates for 1980 and
corrections for earlier years are in the July 1983 SURVEY; estimates for 1981-83 and corrections for earlier years are in the July 1984 SURVEY.
Summary NIPA Series, 1952-83, are in the August 1984 SURVEY. These publications are available from the Superintendent of Documents and
Commerce Department District Offices; see addresses inside front cover.
The full set of NIPA estimates shown regularly in this part of the SURVEY are now available on diskette for $240 per year (12 updates). For
more information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.
Table 1.1-1.2.—Gross National Product in Current and Constant Dollars
Billions of dollars
Billions of 1972 dollars
Seasonally adjusted at annual rates
1983
1984
1984
I
Gross national product
3,304.8 3,662.8 3,553.3
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential. ..
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm .
Farm
Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal
National defense
Nondefense
State and local
II
Seasonally adjusted at annual rates
1985
III
IV
1983
2,341.8
2,276.5 2,332.7
279.8
801.7
1,074.4
318.8
856.9
1,166.1
310.9
841.3
1,124.4
471.6
637.8
485.1
352.9
129.7
223.2
132.2
127.6
1.0
3.6
-13.5
31
-10.4
579.6
425.7
150.4
275.3
153.9
148.8
1.1
4.0
58.2
49.6
8.6
2,361.4 2,396.5 2,446.5 2,493.0
1985
1984
II r
I
3,644.7 3,694.6 3,758.7 3,810.6 3,853.1
2,155.9
1984
I
II
1,534.7
1,639.3 1,610.9
1,009.2
1,062.4
III
I
11 r
1,662.4
1,663.5
1,671.3
1,065.9
1,075.4
1,089.1
1,102.1
1,638.8 1,645.2
1,044.1 1,064.2
IV
320.7
858.3
1,153.7
317.2
861.4
1,182.8
326.3
866.5
1,203.8
334.8
877.3
1,234.4
339.2
891.9
1,261.9
157.5
376.3
475.4
178.0
393.5
490.8
173.7
387.1
483.4
178.6
396.6
488.9
177.0
395.5
493.5
182.9
395.0
497.5
187.0
398.6
503.5
190.1
403.2
508.7
623.8
627.0
662.8
637.8
646.8
643.2
221.0
289.9
285.5
283.9
300.2
289.9
292.1
289.5
550.0
398.8
142.2
256.7
151.2
146.4
.9
3.9
73.8
60.6
13.2
576.4
420.8
150.0
270.7
155.6
150.5
1.0
4.1
50.6
47.0
3.5
591.0
435.7
151.4
284.2
155.3
150.1
1.2
4.0
71.8
63.7
8.1
601.1
447.7
157.9
289.7
153.5
148.3
1.0
4.1
36.6
27.2
9.4
606.1
450.9
162.9
288.0
155.2
150.0
1.0
4.2
40.7
34.1
6.6
625.3
467.3
168.3
299.0
158.0
152.4
1.3
4.3
17.9
11.4
6.5
224.6
171.0
49.2
121.8
53.7
51.2
.4
2.1
36
.6
-4.2
265.1
204.9
56.9
148.0
60.2
57.5
.4
2.3
24.8
20.9
4.0
253.9
193.3
54.1
139.2
60.6
58.0
.4
2.2
31.6
26.2
5.4
263.7
202.9
56.8
146.0
60.8
58.1
.4
2.3
20.3
18.7
1.6
269.6
209.5
57.1
152.4
60.1
57.3
.5
2.3
30.6
26.5
4.1
273.1
213.8
59.4
154.4
59.2
56.5
.4
2.4
16.8
12.0
4.8
273.0
213.0
60.8
152.2
60.0
57.2
.4
2.4
19.1
15.7
3.4
281.2
220.3
62.1
158.2
60.9
57.9
.5
2,5
8.3
4.9
3.4
-74.5
-94.0
-13.4
-8.3
-64.2
90 6
56 0
336.2
344.4
364.3
428.5
358.9
410.4
362.4
421.1
368.6
459.3
367.2
423.2
685.5
747.4
704.4
743.7
761.0
269.7
200.5
69.3
415.8
295.4
221.5
73.9
452.0
267.6
213.4
54.2
436.8
296.4
220.8
75.6
447.4
302.0
220.3
81.7
458.9
-51.5
-58.7
-28.4
-33.8
360.7
435.2
347.7
441.6
139.5
126.9
146.0
161.1
144.9
153.2
144.7
156.2
147.4
174.4
147.1
160.5
143.7
172.1
137.9
171.8
780.5
791.9
810.9
291.9
302.1
289.5
302.1
306.1
310.5
310.7
313.5
315.7
231.6
84.1
464.8
319.9
233.9
85.9
472.0
324.2
241.1
83.2
486.7
116.2
84.7
31.5
175.7
122.5
89.6
32.9
179.6
112.2
87.1
25.2
177.3
123.2
89.6
33.6
178.9
125.0
89.1
36.0
181.1
129.6
92.7
36.8
180.9
129.8
92.7
37.1
180.9
129.7
94.3
35.4
183.9
12.6
-15.0
-8.3
-11.4
-27.0
Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
Billions of dollars
Billions of 1972 dollars
Seasonally adjusted at annual rates
1983
1984
1984
I
Gross national product
Final sales
Change in business inventories
Goods
3,304.8 3,662.8 3,553.3
II
Seasonally adjusted at annual rates
1985
III
IV
I
1983
II r
I
3,644.7 3,694.6 3,758.7
3,810.6 3,853.1
1,534.7
3,318.3
-13.5
3,604.6 3,479.5 3,594.1 3,622.8 3,722.1
58.2
73.8
50.6
71,8
36.6
3,770.0 3,835.2
40.7
17.9
1,538.3 1,614.5
24.8
36
1,355.7
1,543.0
Final sales
Change in business inventories
1,369.2
-13.5
1,484.8 1,424.2
58.2
73.8
Durable goods
Final sales
Change in business inventories
Nondurable goods ...
Final sales
Change in business inventories
555.3
557.5
-2.1
800.4
811.7
-11.3
1,498.0
1985
1984
1984
1,639.3 1,610.9
1,579.3
31.6
II
III
IV
I
Ur
1,638.8 1,645.2
1,662.4
1,663.5 1,671.3
1,614.6
30.6
1,645.6
16.8
1,644.4
19.1
1,618.5
20.3
1,663.0
8.3
1,544.8 1,549.2
1,579.8
1,583.8 1,579.5
688.6
764.5
744.9
767.4
766.8
778.8
773.0
772.2
1,494.2
50.6
1,477.4
71.8
1,543.2
36.6
1,543.1
40.7
1,561.7
17.9
692.2
36
739.6
24.8
713.3
31.6
747.1
20.3
736.1
30.6
762.0
16.8
753.8
19.1
763.9
8.3
632.3
597.5
34.9
865.7
826.8
38.9
647.9
,629.7
18.2
896.9
864.6
32.4
654.7
613.1
41.7
894.4
864.3
30.1
687.7
661.0
26.7
892.1
882.2
9.9
677.1
648.2
29.0
906.7
895.0
11.7
669.6
665.9
3.7
910.0
895.8
14.2
295.6
296.1
-.5
392.9
396.1
-3.2
341.6
328.4
13.2
422.9
411.2
11.7
331.1
316.4
14.7
413.8
396.9
16.9
339.5
331.4
8.1
427.9
415.7
12.2
340.2
322.4
17.8
426.5
413.7
12.8
355.4
343.4
12.0
423.5
418.6
4.8
346.9
334.3
12.6
426.0
419.5
6.5
3464
344.4
2.1
425.7
419.5
6.2
Services
Structures
1,639.3 1,763.3 1,713.7
309.8
356.5
341.6
1,742.6
357.2
1,783.3 1,813.7
362.1
365.2
1,857.2
369.6
1,888.8
384.8
723.2
122.9
736.7
138.1
731.4
134.6
732.9
138.5
739.0
139.4
743.6
140.0
749.7
140.9
753.5
145.5
Addenda:
Gross domestic purchases l
Final sales to domestic purchasers 1
3,313.1 3,727.0 3,604.8 3,703.4 3,785.2 3,814.8
3,326.5 3,668.8 3,531.0 3,652.8 3,713.4 3,778.1
3,885.2
3,844.5
3,947.1
3,929.2
1,522.1
1,525.7
1,654.4
1,629.5
655.7
625.3
30.4
887.3
859.5
27.8
1,619.2 1,650.2
1,587.6 1,629.9
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
1,672.2 1,675.8
1,641.6 1,659.0
1,692.0 1,705.1
1,672.8 1,696.8
SURVEY OF CURRENT BUSINESS
September 1985
Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1983
1984
1984
I
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
Government
Federal
State and local
Rest of the world
Addendum:
Gross domestic business product less housing
II
1983
1985
III
IV
I
II
r
1985
1984
1984
I
II
III
IV
1,662.4
3,304.8 3,662.8 3,553.3
3,644.7 3,694.6 3,758.7 3,810.6
3,853.1
1,534.7
1,639.3
1,610.9
1,638.8
1,645.2
3,256.5
2,790.8
27289
2,434.7
294.2
61.5
.5
116.5
7.8
108.7
349.2
107.8
241.4
48.3
3,602.6
3,106.8
30375
2,718.8
318.7
78.3
-9.0
123.1
8.0
115.1
372.7
114.4
258.3
42.1
3,816.1
3,287.7
32294
2,877.2
352.1
72.0
137
130.4
8.5
121.8
398.1
119.7
278.3
37.0
1,512.1
1,307.8
1,273.8
1,130.6
143.2
33.8
.2
47.3
3.3
44.0
157.0
51.3
105.7
22.5
1,619.7 1,589.2
1,413.9 1,384.0
1,377.6 1,347.5
1,228.8 1,200.9
146.5
148.8
35.6
39.7
1.0
-3.3
47.6
47.8
3.4
3.4
44.2
44.4
157.7
158.0
51.8
51.9
105.8
106.1
21.6
19.6
1,619.8
1,414.1
1,380.1
1,232.1
148.0
38.1
-4.1
47.9
3.4
44.5
157.8
51.9
105.9
19.0
1,625.3 1,644.6
1,419.5 1,438.1
1,383.5 1,399.2
1,233.9 1,248.1
149.6
151.1
43.3
41.8
-4.4
-5.9
48.2
47.7
3.4
3.5
44.8
44.3
158.3
158.1
52.0
52.0
106.2
106.3
17.8
19.9
3,619.2
3,120.5
30490
2,725.7
323.2
78.9
74
123.5
8.1
115.4
375.3
114.6
260.7
43.6
3,505.7
3,017.2
29434
2,632.8
310.6
71.6
2.2
121.0
7.9
113.1
367.4
113.8
253.6
47.6
3,650.1
3,148.5
30780
2,750.3
327.7
83.5
-13.0
123.8
8.1
115.7
377.7
114.7
263.0
44.5
3,718.6
3,209.4
3 1370
2,801.1
335.9
82.3
-9.9
126.0
8.3
117.8
383.2
115.3
267.8
40.2
3,772.9
3,252.5
3 1850
2,841.6
343.3
75.7
-8.1
128.0
8.4
119.7
392.4
119.1
273.3
37.7
2,487.7
r
I
II
1,663.5
1,671.3
1,647.0 1,655.2
1,440.0 1,447.7
1,401.9 1,411.1
1,249.2 1,256.9
152.6
154.2
41.7
42.6
-3.6
-6.0
48.5
48.8
3.5
3.6
45.0
45.2
158.7
158.5
52.0
52.2
106.5
106.6
16.5
16.1
1 163.5
Table 1.7.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income
Table 1.11.—National Income by Type of Income
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1983
I
III
II
1983
IV
Less:
Capital consumption allowances with CCAdj...
Capital consumption allowances
Less- CCAdj
Equals: Net national product
Less:
Indirect business tax and
nontax liability
Business transfer payments
.
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less:
Corporate profits with
IVA and CCAdj
Net interest
Contributions for social
insurance
Wage accruals less disbursements
Plus:
Government transfer payments to persons
Personal interest income....
Personal dividend income..
Business transfer payments
Equals: Personal income
3,304.8 3,662.8 3,553.3 3,644.7 3,694.6 3,758.7 3,810.6 3,853.1
377.1
403.3
391.8
400.0
406.9
414.4
421.0
427.7
367.2
-9.9
417.3
14.1
398.6
6.8
410.3
10.3
423.1
16.3
437.2
22.9
450.1
29.1
463.7
36.0
2,927.7 3,259.6 3,161.5 3,244.7 3,287.7 3,344.4 3,389.6 3,425.4
280.4
304.0
295.5
301.3
306.6
312.5
317.5
327.4
15.6
.5
17.3
-7.4
16.7
2.2
17.1
-9.0
17.5
-13.0
18.0
-9.9
18.5
-8.1
19.0
-13.7
15.6
14.2
26.4
9.6
8.4
12.6
14.8
13.8
2,646.7 2,959.9 2,873.5 2,944.8 2,984.9 3,036.3 3,076.5 3,106.5
225.2
256.6
285.7
284.1
277.4
266.8
291.1
282.8
282.8
293.5
291.6
293.4
292.3
287.0
298.5
274.7
272.7
306.0
298.9
304.2
308.1
312.7
330.0
334.6
-.4
.1
.2
.2
-.4
.5
.1
-1.0
389.3
376.3
70.3
399.4
433.7
77.7
394.7
403.9
75.0
398.1
425.6
77.2
401.0
449.3
78.5
403.8
456.1
80.2
420.7
456.0
81.4
420.5
453.0
82.5
15.6
17.3
16.7
17.1
17.5
18.0
18.5
19.0
2,744.2 3,012.1 2,920.5 2,984.6 3,047.3 3,096.2 3,143.8 3,174.7
[Billions of 1972 dollars]
1,534.7 1,639.3 1,610.9 1,638.8 1,645.2 1,662.4 1,663.5 1,671.3
168.1
175.2
172.2
174.1
176.0
178.5
II
1985
III
IV
I
II r
II r
I
Table 1.8.—Relation of Gross National Product, Net National Product,
and National Income in Constant Dollars
Iross national product
^rLess: Capital consumption
allowances with CCAdj
Equals: Net national product
Less:
Indirect business tax and
nontax liability business transfer payments
less subsidies plus current surplus of government enterprises
Statistical discrepancy
Equals: National income
1984
I
National income
Gross national product
1984
1985
1984
1984
180.5
182.6
1,366.6 1,464.1 1,438.7 1,464.7 1,469.2 1,484.0 1,483.0 1,488.7
162.4
160.0
161.4
159.1
158.9
151.8
159.0
157.9
-4.4
-6.0
-3.6
-4.1
-5.9
1.0
.2
-3.3
1,214.5 1,308.5 1,279.8 1,309.9 1,316.0 1,328.4 1,352.2 1,332.4
2,646.7 2,959.9 2,873.5 2,944.8 2,984.9 3,036.3 3,076.5 3,106.5
Compensation of employees ..
1,984.9 2,173.2 2,113.4 2,159.2 2,191.9 2,228.1 2,272.7 2,305.9
Wages and salaries
1,658.8 1,804.1 1,755.9 1,793.3 1,819.1 1,848.2 1,882.8 1,909.5
Government and government enterprises .... 327.7
349.9
342.9
352.0
357.2
365.5
370.7
347.5
Other
1,331.1 1,454.2 1,413.0 1,445.8 1,467.1 1,490.9 1,517.3 1,538.9
Supplements to wages
and salaries
326.2
369.0
357.4
365.9
372.8
380.0
389.8
396.3
Employer
contributions for social insurance
169.4
153.1
173.5
172.4
174.7
177.5
183.6
186.1
Other labor income
173.1
195.5
188.1
202.5
206.3
193.5
198.1
210.2
Proprietors' income with
IVA and CCAdj...
Farm
Proprietors' income
with IVA
CCAdj
Nonfarm
Proprietors' income
IVA
CCAdj
121.7
13.8
154.4
28.2
154.9
32.5
149.8
23.4
153.7
27.3
159.1
29.4
159.8
25.7
160.7
23.4
22.1
-8.4
107.9
100.4
8
8^3
36.4
-8.2
126.2
114.5
4
12.2
40.7
-8.3
122.5
112.4
12
11.2
31.7
-8.3
126.3
115.0
4
11.8
35.5
-8.2
126.4
113.8
.1
12.5
37.6
-8.2
129.7
116.7
2
13.2
33.9
-8.2
134.0
119.5
3
14.8
31.5
-8.1
137.3
121.6
2
15.9
58.3
62.5
61.0
62.0
63.0
64.1
64.8
66.7
96.6
-38.3
103.0
-40.5
99.9
-38.8
102.5
-40.6
104.2
41 2
105.5
41 4
106.1
41 3
108.1
41 4
225.2
285.7
277.4
291.1
282.8
291.6
292.3
298.5
192.0
203.2
75.8
127.4
72.9
230.0
235.7
89.8
145.9
80.5
229.8
243.3
92.7
150.6
77.7
238.7
246.0
95.8
150.2
79.9
224.5
224.8
83.1
141.7
81.3
227.1
228.7
87.7
141.0
83.1
223.2
222.3
85.3
137.0
84.5
223.5
221.0
83.6
137.4
85.6
54.5
-11.2
33.2
65.4
-5.7
55.7
72.9
-13.5
47.6
70.2
-7.3
52.3
60.3
-.2
58.3
58.0
-1.6
64.5
52.5
.9
69.1
51.8
2.5
75.0
Net interest
256.6
284.1
266.8
282.8
293.5
293.4
287.0
274.7
Addenda:
Corporate profits after
tax with IVA and
CCAdj
Dividends
Undistributed
profits
with IVA and CCAdj
149.4
72.9
195.9
80.5
184.7
77.7
195.2
79.9
199.8
81.3
203.9
83.1
207.0
84.5
214.9
85.6
76.5
115.4
107.0
115.3
118.4
120.8
122.5
129.3
Rental income of persons
with CCAdj
Rental income of persons
CCAdj
Corporate profits with IVA
and CCAdj
Corporate profits with
IVA
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits. .
IVA
CCAdj
SURVEY OF CURRENT BUSINESS
6
September 1985
Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business
in Current and Constant Dollars
1983
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
I
Gross
domestic
product of corporate business
Capital consumption allowances with CCAdj
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
II
1983
1985
1984
1984
II
I
IV
III
I
231.2
246.2
239.9
244.1
257.4
252.8
248.1
261.6
1,805.8 2,030.9 1,967.5 2,027.2 2,044.3 2,084.7 2,116.4 2,146.5
206.2
224.8
217.2
227.2
223.5
242.5
234.8
231.2
Domestic income
1,599.6 1,806.2 1,750.3 1,803.7 1,817.1 1,853.5 1,881.5 1,904.0
Compensation of em1,357.1 1,494.8 1,453.2 1,485.6 1,508.3 1,532.1 1,560.2 1,580.3
ployees
1,121.2 1,225.8 1,192.0 1,219.0 1,236.5 1,255.5 1,276.7 1,292.4
Wages and salaries
Supplements to
287.9
283.6
271.7
276.7
266.6
261.2
wages and salaries... 236.0
269.1
Corporate profits with
275.8
271.6
258.5 270.9
269.8
262.7
251.7
IVA and CCAdj
200.4
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest
Gross
domestic
product of financial
corporate
business
Gross
domestic
product of nonfinancial
corporate business
Capital consumption allowances with CCAdj
178.4
75.8
102.6
63.0
212.7
89.8
122.9
71.6
217.6
92.7
124.9
66.3
224.8
95.8
128.9
70.9
200.4
83.1
117.3
71.6
208.0
87.7
120.4
77.6
201.6
85.3
116.3
74.2
198.3
83.6
114.6
84.9
39.6
-11.2
33.2
42.1
51.3
-5.7
55.7
48.6
58.6
-13.5
47.6
45.4
58.1
-7.3
52.3
48.3
45.7
-.2
58.3
50.4
42.8
-1.6
64.5
50.5
42.1
.9
69.1
49.7
29.8
2.5
75.0
48.0
119.3
124.4
123.3
124.3
123.5
231.2
225.6
229.3
232.9
237.1
1,263.1 1,392.8 1,354.0 1,384.5 1,405.2 1,427.4 1,452.8 1,471.4
1,044.3 1,143.0 1,111.3 1,137.1 1,153.0 1,170.7 1,189.9 1,204.5
Gross domestic product of nonfinancial
corporate business-
218.8
249.7
242.7
247.4
252.1
256.7
263.0
266.9
171.0
234.7
223.0
240.8
231.6
243.4
243.2
241.9
148.8
58.0
90.8
62.8
184.9
71.2
113.7
71.0
188.9
74.5
114.5
65.9
195.9
77.2
118.6
70.3
173.8
64.4
109.5
70.9
181.0
68.7
112.2
76.7
173.6
66.6
107.0
73.2
165.0
63.6
101.4
83.9
28.0
-11.2
33.4
69.0
42.7
-5.7
55.4
79.5
48.5
-13.5
47.5
74.2
48.3
-7.3
52.2
78.9
38.5
-.2
58.0
82.4
35.6
16
64.1
82.5
33.8
.9
68.6
81.3
17.6
2.5
74.4
78.5
992.5
994.0
998.7
896.4
Capital consumption allowances with CCAdj
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
Domestic income
244.9
241.1
II r
Billions of 1972 dollars
1,917.7 2,152.8 2,084.2 2,146.9 2,168.9 2,211.2 2,242.6 2,268.2
218.0
III
I
224.2
231.5
214.6
220.7
196.7
207.3
213.4
216.9
1,503.0 1,707.0 1,651.2 1,704.2 1,719.1 1,753.3 1,777.3 1,791.7
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest
140.0
131.1
126.3
II
IV
1,699.7 1,921.6 1,858.6 1,917.6 1,936.0 1,974.1 2,001.5 2,023.2
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
Domestic income
Compensation of employees
Wages and salaries
Supplements
to
wages and salaries ...
Corporate profits with
IVA and CCAdj
2,037.0 2,277.2 2,207.4 2,271.3 2,292.4 2,337.5 2,373.7 2,408.1
1985
1984
1984
r
977.2
956.9
979.5
980.0
100.0
104.0
102.4
103.4
104.5
105.8
107.0
108.1
796.4
873.2
854.6
876.1
875.5
886.6
887.1
890.5
97.8
698.6
101.3
771.9
100.7
753.9
101.2
774.9
101.1
774.4
102.3
784.3
103.3
783.8
103.8
786.7
Table 1.14-1.15.—Auto Output in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1984
1983
1984
I
Auto output
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases.. .
Change in business inventories
New
Used
Addenda:
Domestic output of new autos2 1
Sales of imported new autos .
1985
III
II
IV
1984
1983
II r
I
1985
1984
I
II
II r
I
IV
III
88.7
106.4
114.8
98.7
99.0
113.2
124.8
98.5
49.9
58.1
62.5
54.4
54.4
61.3
66.0
54.0
87.5
88.3
65.2
23.0
17.3
31.0
-13.7
192
4.1
23.2
1.2
1.2
.7
.4
103.5
102.3
75.9
26.4
24.9
40.3
-15.4
247
5.0
29.6
.9
2.9
2.6
.4
104.0
101.9
76.2
25.7
24.3
39.6
15 3
-23.5
5.4
28.8
1.2
10.8
10.0
.9
105.8
104.6
77.8
26.8
24.9
40.8
15 9
245
4.6
29.1
.9
-7.1
82
1.1
100.6
100.9
73.6
27.3
26.2
41.8
-15.6
-27.4
5.0
32.4
.8
-1.6
-1.3
3
103.6
101.8
76.0
25.8
24.3
39.1
-14.8
234
4.9
28.3
.8
9.7
9.8
-.1
107.3
103.2
77.6
25.6
28.3
43.8
-15.5
251
6.2
31.3
.9
17.5
17.2
.3
104.8
104.7
79.4
25.2
27.7
42.9
15 2
-28.4
5.6
34.0
.8
-6.3
70
.6
49.1
43.4
35.8
7.6
12.4
17.0
46
-7.4
2.2
9.6
.7
.8
.7
.1
56.7
48.5
40.6
7.9
16.9
21.5
46
-9.3
2.6
11.9
.7
1.4
1.3
.1
57.2
48.8
41.0
7.8
16.5
21.2
47
-8.9
2.8
11.7
.8
2.3
5.0
.3
58.3
49.7
41.8
7.9
17.1
21.8
-4.7
-9.2
2.4
11.7
.7
5.2
42
.3
55.4
47.4
39.4
8.0
17.6
22.2
46
103
2.6
12.9
.6
-3.9
9
-.1
55.9
47.9
40.2
7.7
16.2
20.6
-4.4
-8.8
2.6
11.4
.6
-1.0
5.4
0
58.2
48.1
40.5
7.6
18.3
22.8
-4.5
89
3.1
12.0
.7
7.7
7.6
.1
57.3
48.9
41.3
7.6
17.8
22.3
-4.4
-10.0
2.9
12.9
.6
- 32
-3.4
.2
70.1
33.1
86.7
37.8
95.7
34.4
79.3
38.2
82.4
37.1
89.5
41.4
101.1
37.2
82.7
42.2
38.4
18.1
46.2
20.2
51.2
18.5
42.5
20.6
43.9
19.9
47.3
21.9
52.6
19.5
42.7
22.0
Table 1.16-1.17.—Truck Output in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1983
Truck output l
Final sales
Personal consumption expenditures .
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
1984
1984
I
II
1985
III
I
1984
II r
1985
1984
I
II
III
IV
I
11 r
36.3
54.2
49.6
51.1
56.8
59.4
57.3
55.8
16.7
23.7
22.1
22.5
24.5
25.7
24.7
23M
36.1
15.3
20.8
39
2.0
5.9
3.9
51.5
19.3
32.5
54
2.5
7.9
5.0
45.8
17.9
27.3
47
2.4
7.1
5.3
50.5
19.3
32.7
66
2.2
8.8
5.1
52.6
19.6
33.7
-5.3
2.6
7.9
4.6
57.0
20.6
36.4
-5.0
2.8
7.8
5.1
57.8
23.4
35.0
69
2.5
9.4
6.3
56.1
22.7
35.0
-7.7
2.6
10.3
6.0
16.6
8.4
8.6
19
.8
2.7
1.6
22.5
10.3
12.8
26
1.0
3.6
2.0
20.5
9.6
11.0
22
3.2
2.1
22.2
10.3
12.9
31
.9
4.0
2.0
22.8
10.5
13.2
26
1.0
3.6
1.8
24.7
10.8
14.3
-2.4
1.1
3.5
2.0
24.9
12.2
13.6
33
1.0
4.2
2.4
23.9
11.8
13.4
-3.7
1.0
4.6
2.3
.2
2.7
3.8
.6
4.2
2.4
-.5
2
.1
1.1
1.6
.3
1.7
1.0
-.2
-.1
Table 1.14-1.15:
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.
IV
1983
Table 1.16-1.17:
1. Includes new trucks only.
i!o
SURVEY OF CURRENT BUSINESS
September 1985
Table 2.2-2.3.—Personal Consumption Expenditures by Major Type of
Table 2.1.—Personal Income and Its Disposition
Rillions of dollars
Billions of dollars
Seasonally adjusted at annual rates
1983
1984
1984
I
II
Seasonally adjusted at annual rates
1985
III
IV
1983
II r
I
1984
1984
I
Wage and salary disbursements
Commodity-producing
Manufacturing
Distributive industries
Service industries
Government and govern-
Proprietors' income with IVA
and CCAdj
Farm
Nonfarm
Rental income of
with CCAdj
2,744.2
3,012.1 2,920.5 2,984.6 3,047.3 3,096.2 3,143.8
1,659.2
1,804.0 1,755.7 1,793.1 1,819.5 1,847.6 1,882.7
! 910.6
318.8
310.9
320.7
317.2
326.3
334.8
339.2
129.3
149.8
147.7
152.3
148.6
150.7
155.7
157.6
104.1
46.4
117.0
51.9
113.0
50.3
116.6
51.7
116.8
51.9
121.8
53.8
123.8
55.3
126.0
55.6
555.9
424.6
419.2
437.9
567.0
432.2
429.5
449.3
573.3
436.4
436.4
457.3
580.9
442.4
443.1
466.9
590.9
447.9
449.0
477.4
328.2
349.8
342.8
347.3
352.4
356.7
365.4
0171 n
173.1
195.5
188.1
193.5
198.1
202.5
206.3
2102
Nondurable goods
801.7
856.9
841.3
858.3
861.4
866.5
877.3
891.9
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
.
0
Services
„ .
Housing
Household operation
Electricity and gas
Other
,,
Transportation
Other
416.5
127.0
90.0
168.2
21.0
147.2
443.6
140.2
91.4
181.7
21.2
160.5
433.9
136.1
92.0
179.3
22.5
156.7
442.1
142.2
92.8
181.2
21.6
159.7
448.6
139.3
90.0
183.6
21.1
162.5
449.8
143.2
90.8
182.7
19.7
163.1
457.3
145.5
89.9
184.6
18.5
166.0
463.9
149.2
93.6
185.3
17.7
167.6
121.7
13.8
107.9
154.4
28.2
126.2
154.9
32.5
122.5
149.8
23.4
126.3
153.7
27.3
126.4
159.1
29.4
129.7
159.8
25.7
134.0
jgQ 7
23*4
137 '3
61.0
62.0
63.0
64.1
64.8
66.7
81.4
82.5
62.5
77.7
75.0
77.2
78.5
80.2
Personal interest income
376.3
433.7
403.9
425.6
449.3
456.1
456.0
453 0
Transfer payments
Old-age, survivors, disability, and health insurance
benefits
Government unemployment
insurance benefits
Veterans benefits
Government employees retirement benefits
Other transfer payments
Aid to families with dependent children
Other
405.0
416.7
411.3
415.2
418.6
421.8
439.2
*QQ K
221.6
237.3
232.1
235.2
238.2
243.5
249.6
249.9
26.1
16.6
15.9
16.5
16.7
16.4
15.8
16.6
15.2
16.7
16.0
16.4
17.8
16.9
15.8
16.9
59.5
81.0
62.2
84.9
62.4
83.7
63.1
84.5
63.9
84.6
59.2
86.7
67.1
87.8
68.3
88.5
14.9
68.8
14.9
69.6
14.6
70.0
14.6
72.1
15.1
72.7
15.3
73.3
14.2
66.8
14.7
70.1
119.6
132.5
129.6
131.8
133.4
135.2
146.4
148 4
404.2
435.3
418.3
430.3
440.9
451.7
489.0
448.2
2,576.8 2,502.2 2,554.3 2,606.4 2,644.5 2,654.8
2 726 5
Less: Personal outlays
2,222.0
Personal consumption expenditures
, 2,155.9
Interest paid by consumers
to business
,
65.1
Personal transfer payments
1.0
to foreigners (net)
118.1
Addenda:
Disposable personal
income:
Total, billions of 1972 dol1,095.4
lars
Per capita:
9,977
Current dollars
4,670
1972 dollars
Population (millions)
234.5
2,420.7 2,349.6 2,409.5 2,442.3 2,481.5 2,536.2
2,587 1
2,341.8 2,276.5 2,332.7 2,361.4 2,396.5 2,446.5
2,493.0
77.8
75.7
79.8
83.6
87.9
92.6
1.2
1.2
1.0
1.1
1.5
1.8
15
156.1
152.5
144.8
164.1
163.0
118.6
1394
1,169.0 1,147.6 1,165.3 1,176.5 1,186.7 1,181.9
1.205.3
10,887 10,608 10,806 11,000 11,133 11,154
4,939 4,865 4,930 4,965 4,996 4,965
236.7 235.9 236.4 237.0 237.5 238.0
Personal saving as percentage of disposable person5.0
71.9
6.1
6.1
5.7
6.3
6.2
4.5
1,074.4 1,166.1 1,124.4 1,153.7 1,182.8 1,203.8 1,234.4 1,261.9
363.3
153.8
81.3
72.5
72.5
484.8
Personal consumption expenditures
Durable goods
Motor vehicles and parts ...
Furniture and household
equipment
Other
392.4
163.3
86.1
77.2
77.6
520.4
403.3
167.6
88.4
79.2
78.5
533.4
413.4
166.4
85.9
80.5
81.2
542.8
422.2
170.9
88.8
82.1
83.6
557.7
432.9
170.3
85.5
84.8
84.5
574.3
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other ..
Services
Housing
Household operation ....
Electricity and gas
Other
Transportation
Other ...
157.5
178.0
173.7
178.6
177.0
182.9
187.0
190.1
66.6
75.8
75.2
77.2
74.8
75.9
77.7
78.7
65.9
25.0
74.8
27.5
71.7
26.7
74.1
27.4
74.8
27.4
78.5
28.5
80.2
29.1
82.3
29.2
376.3
393.5
387.1
396.6
395.5
395.0
398.6
403.2
188.9
88.5
26.1
72.9
4.0
68.9
193.4
96.5
26.9
76.7
3.9
72.8
189.7
94.2
27.0
76.1
4.1
72.0
193.6
99.1
27.1
76.9
3.9
73.0
195.6
95.9
26.9
77.1
3.9
73.1
194.7
96.9
26.7
76.7
3.7
73.1
196.8
97.9
26.9
77.1
3.6
73.5
199.8
99.8
26.7
77.0
3.3
73.6
475.4
490.8
483.4
488.9
493.5
497.5
503.5
508.7
171.3
64.1
24.9
39.1
31.7
208.3
177.7
64.8
25.1
39.7
32.7
215.6
175.1
-64.0
24.8
39.2
32.4
211.9
176.8
65.1
25.6
39.5
32.7
214.3
178.5
65.1
25.2
39.9
32.6
217.2
180.3
65.2
25.0
40.2
33.1
218.9
182.1
66.4
25.6
40.8
33.4
221.7
183.9
66.1
24.6
41.5
33.7
225.0
Table 3.14.— State and Local Government Social Insurance Funds
Receipts and Expenditures
>432
5,054
K!
382.4
158.8
82.6
76.2
76.1
507.1
1,009.2 1,062.4 1,044.1 1,064.2 1,065.9 1,075.4 1,089.1 1,102.1
11
25oG
397.9
164.0
85.7
78.3
78.3
525.9
Billions of 1972 dollars
Nondurable goods
Equals: Disposable personal
income
2,340.1
279.8
569.3
433.9
432.0
452.9
58.3
Equals: Personal saving
2,155.9 2,341.8 2,276.5 2,332.7 2,361.4 2,396.5 2,446.5 2,493.0
519.3
395.2
398.6
413.1
70.3
and
nr
Durable goods
._ ,
,..
,
Motor vehicles and parts ...
Furniture and household
equipment
Other
Personal dividend income
Less: Personal tax
nontax payments.
1985
I
IV
III
594 2
447.9
455 7
489 0
persons
Less: Personal contributions for social insurance .
Personal consumption expenditures
II
[Billions of dollars]
Receipts
Contributions for social insurance
Personal contribution
Employer contributions
Government and government enterprises ....
Other
Interest and dividends received
Expenditures
Administrative
expenses
(purchases of goods and
services)
Transfer payments to persons
Surplus
( )
or
64.6
73.0
69.8
72.0
74.1
76.2
78.0
79.8
39.0
390
42.6
413
41.3
42.1
43.0
43.8
44.7
45.7
i10.4
nA
28.6
11/1
11.4
31.2
111.0
1n
119
11 K
11.5
31.5
11 7
30.3
11.2
30.9
11.7
32.1
190
12.0
32.7
19
12.3Q
33.4
26.1
25
28.5
27
27.6
27
28.2
27
28.8
2.7
29.3
2.7
29.9
2.8
30.6
2.8
256
305
285
298
31.1
32.4
33.3
34.2
27.1
30.4
29.3
30.0
30.8
31.7
32.6
33.7
1.0
1.1
1.1
1.1
1.1
1.2
1.2
1.3
261
293
283
290
29.6
30.5
31.4
32.4
37.5
42.6
40.5
41.9
43.3
44.5
45.4
46.1
deficit
Table 3.14:
NOTE.—In this table, interest and dividends received are included in receipts; in tables 3.2 and
3.3, interest received and dividends received are netted against expenditures.
8
SURVEY OF CURRENT BUSINESS
Table 3.3.—State and Local Government Receipts and Expenditures
Table 3.2.—Federal Government Receipts and Expenditures
1983
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1984
1984
I
Receipts
641.1
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
Nontaxes
Contributions for social
insurance
Expenditures
Purchases of goods and
services. ...
National defense
Nondefense
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
704.7
September 1985
686.4
1985
II
III
IV
704.3
706.2
721.9
1983
1984
1984
II r
I
I
Receipts
733.9
771.4
295.2
288.8
5.9
.5
315.0
308.4
5.9
.7
301.6
294.5
6.4
.6
310.7
303.8
6.2
.6
319.7
314.0
5.0
.7
327.9
321.2
6.0
.7
362.2
355.4
6.2
.7
318.3
310.8
6.7
.7
59.8
70.8
73.0
75.6
65.3
69.1
67.4
66.1
52.4
36.1
9.1
7.1
55.5
35.8
11.9
7.8
54.1
36.0
10.9
7.1
55.9
36.1
12.1
7.7
56.1
35.6
12.4
8.2
55.9
35.5
12.1
8.4
56.4
35.3
12.5
8.7
60.7
35.3
11.5
13.8
233.7
263.4
257.6
262.0
265.2
269.0
285.3
288.9
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
Indirect business tax and
nontaxaccruals
Sales taxes
Property taxes
Other
Contributions for social insurance
819.7
880.5
847.6
868.0
886.8
919.7
936.5
948.0
Federal grants-in-aid
269.7
200.5
69.3
345.6
338.7
7.0
295.4
221.5
73.9
353.0
344.5
8.4
267.6
213.4
54.2
347.7
341.1
6.6
296.4
220.8
75.6
350.1
343.7
6.4
302.0
220.3
81.7
353.8
346.2
7.7
315.7
231.6
84.1
360.4
347.2
13.1
319.9
233.9
85.9
370.3
363.1
7.2
324.2
241.1
83.2
369.8
361.6
8.2
86.3
94.2
119.5
93.2
116.7
143.6
90.6
107.6
133.6
93.2
110.9
138.0
92.1
122.0
149.0
97.0
126.4
153.9
95.1
128.2
155.6
98.1
132.8
159.6
101.8
17.7
25.3
124.0
19.6
26.9
115.2
18.4
26.0
119.2
18.9
27.2
128.9
20.0
27.0
132.9
21.0
27.4
134.9
20.7
27.4
139.0
20.6
26.9
23.4
21.7
22.3
21.6
34.4
33.7
17.7
16.4
16.5
15.8
20.7
20.5
23.1
23.7
22.1
25.7
-1.7
-.7
-.7
-1.3
-.7
-.3
.6
Expenditures
Purchases of goods and
services
Compensation of employees
Other
Transfer payments to persons
Net interest paid
Interest paid
1985
II
III
IV
II r
I
478.2
523.6
509.6
520.6
524.6
539.7
545.6
558.0
109.0
58.7
40.8
9.5
120.3
64.5
45.8
10.0
116.7
63.0
43.9
9.8
119.6
64.5
45.2
9.9
121.2
64.6
46.5
10.2
123.8
65.7
47.8
10.3
126.8
67.2
49,1
10.5
129.9
68.7
50.6
10.7
16.0
19.1
19.7
20.2
17.8
18.5
17.9
17.6
228.0
107.4
91.3
29.3
248.4
119.4
98.3
30.7
241.4
116.2
95.2
30.0
245.4
118.3
96.9
30.2
250.5
120.2
99.4
30.9
256.6
123.0
101.9
31.7
261.1
125.0
103.9
32.2
266.8
127.9
106.0
32.9
39.0
42.6
41.3
42.1
43.0
43.8
44.7
45.7
86.3
93.2
90.6
93.2
92.1
97.0
95.1
98.1
434.1
470.7
455.7
466.1
477.0
484.0
491.9
507.7
415.8
452.0
436.8
447.4
458.9
464.8
472.0
486.7
241.4
174.4
260.7
191.3
253.6
183.2
258.3
189.1
263.0
195.9
267.8
197.0
273.3
198.7
278.3
208.3
50.7
21 9
32.4
54.8
253
38.2
53.6
-24.0
35.9
54.4
249
37.5
54.8
259
39.0
56.6
264
40.6
57.6
264
42.2
58.9
-26.5
43.8
54.3
63.5
59.9
62.4
64.9
66.9
68.6
70.2
Less: Dividends received
Subsidies less current surplus of government
enterprises
Subsidies
2.6
2.8
2.7
2.7
2.8
2.9
3.0
3.1
-7.8
.5
-8.1
.6
-8.0
.6
-8.0
.6
-8.1
.6
-8.2
.6
-8.2
.7
-8.3
.7
3.6
Less: Current surplus of
government enterprises .
8.3
8.7
8.6
8.6
8.7
8.8
8.9
9.0
-1.0
Less: Wage accruals less
disbursements
0
0
0
0
0
0
0
0
Surplus or deficit
(-), NIPA's
-178.6 -175.8 -161.3 -163.7 -180.6 -197.8 -165.1 -214.1
Surplus or deficit
(-),NIPA's
44.1
52.9
53.9
54.5
47.6
55.6
53.7
50.3
37.5
6.6
42.6
10.4
40.5
13.4
41.9
12.6
43.3
4.3
44.5
11.1
45.4
8.3
46.1
4.2
Subsidies less current surplus of government
enterprises
Subsidies
Less: Current surplus of
government enterprises .
Less: Wage accruals less
disbursements
-.4
-28.4
1502
Social insurance funds
Other
.1
.2
-8.5
-8.7
1674 -152.5
.2
-.4
-7.7
-7.3
1560 -173.3
.5
.1
Less: Interest received
Social insurance funds
Other
-10.2
-2.5
1.8
1877 -162.6 -215.8
Table 3.7B-3.8B.—Government Purchases of Goods and Services by Type in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1983
1984
1984
I
Government purchases of goods and services
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation: Inventory change
Other nondurables
Services
Compensation of employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures
II
1983
1985
III
IV
I
II r
1985
1984
1984
I
II
III
IV
I
II r
685.5
747.4
704.4
743.7
761.0
780.5
791.9
810.9
291.9
302.1
289.5
302.1
306.1
310.5
310.7
313.5
269.7
200.5
59.1
12.4
124.4
73.1
43.6
29.5
51.3
4.6
295.4
221.5
69.3
11.6
135.7
77.9
46.7
31.2
57.7
4.9
267.6
213.4
66.5
11.6
130.9
77.5
46.5
31.0
53.4
4.4
296.4
220.8
70.7
11.9
133.7
77.8
46.7
31.1
55.9
4.5
302.0
220.3
66.3
11.8
136.8
78.1
46.8
31.2
58.7
5.4
315.7
231.6
73.7
11.3
145.3
78.4
47.0
31.5
63.0
5.2
319.9
233.9
73.5
10.7
145.1
81.1
48.7
32.4
64.0
4.6
324.2
241.1
76.3
13.0
146.2
81.5
48.9
32.6
64.7
5.5
116.2
84.7
24.2
2.9
55.5
34.6
20.2
14.3
21.0
2.0
122.5
89.6
26.9
2.8
57.8
35.0
20.6
14.5
22.8
2.1
112.2
87.1
26.1
2.7
56.3
35.0
20.5
14.4
21.3
1.9
123.2
89.6
27.7
2.8
57.1
35.0
20.6
14.5
22.1
1.9
125.0
89.1
25.8
2.9
58.2
35.0
20.6
14.5
23.1
2.3
129.6
92.7
28.0
2.8
59.8
35.1
20.6
14.5
24.8
2.2
129.8
92.7
28.1
2.7
60.0
35.1
20.6
14.5
24.9
1.9
129.7
94.3
28.8
3.0
60.2
35.2
20.6
14.5
25.0
2.3
69.3
3.5
-.2
-5.9
5.7
59.3
34.7
24.6
6.6
73.9
3.7
.6
-4.9
5.5
62.8
36.6
26.2
6.8
54.2
3.5
-18.0
-22.9
4.9
62.4
36.4
26.0
6.3
75.6
3.6
3.7
-1.9
5.5
61.4
36.5
24.8
7.0
81.7
3.7
8.3
3.0
5.3
62.9
36.6
26.3
6.8
84.1
4.0
8.5
2.0
6.5
64.5
36.9
27.6
7.0
85.9
4.1
8.7
3.8
4.9
66.2
38.0
28.2
7.0
83.2
4.1
6.0
.3
5.7
65.9
38.3
27.7
7.2
31.5
1.6
-.6
-2.4
1.8
27.6
16.8
10.8
2.8
32.9
1.7
.4
-1.5
1.9
28.0
16.9
11.1
2.8
25.2
1.7
-7.1
-9.0
1.9
28.0
16.9
11.2
2.7
33.6
1.6
1.6
-.2
1.7
27.5
16.9
10.6
2.9
36.0
1.6
3.5
1.7
1.8
28.0
16.9
11.1
2.8
36.8
1.7
3.6
1.4
2.2
28.5
16.9
11.6
2.9
37.1
1.8
3.9
2.1
1.8
28.6
16.9
11.7
2.9
35.4
1.8
2.3
.2
2.1
28.4
17.0
11.4
2.9
415.8
13.4
33.1
329.0
241.4
87.6
40.3
452.0
14.2
36.6
356.7
260.7
96.0
44.6
436.8
13.9
35.5
346.1
253.6
92.5
41.4
447.4
14.0
36.3
352.9
258.3
94.6
44.2
458.9
14.3
36.9
360.6
263.0
97.6
47.2
464.8
14.5
37.5
367.2
267.8
99.3
45.7
472.0
14.7
38.2
375.0
273.3
101.7
44.1
486.7
15.0
39.1
382.5
278.3
104.2
50.1
175.7
6.1
12.6
139.7
105.7
34.0
17.3
179.6
6.3
13.6
141.2
105.7
35.2
18.5
177.3
6.2
13.2
140.4
105.8
34.6
17.5
178.9
6.3
13.4
140.8
105.8
34.9
18.4
181.1
6.3
13.7
141.5
105.9
35.4
19.5
180.9
6.4
13.9
142.0
106.2
35.7
18.6
180.9
6.4
14.2
142.6
106.5
36.1
17.7
183.9
6.5
14.4
143.1
106.6
36.6
19.8
SURVEY OF CURRENT BUSINESS
September 1985
Table 4.1-4.2.—Foreign Transactions in the National Income and Product Accounts in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1983
1984
I
Receipts from foreigners
Exports of goods and services..
Merchandise
Durable goods
Nondurable goods
1985
1984
II
III
IV
I
1983
II
1985
1984
1984
r
I
II
III
IV
II r
I
336.2
364.3
358.9
362.4
368.6
367.2
360.7
347.7
336.2
198.6
114.0
84.6
364.3
219.2
126.9
92.4
358.9
215.2
123.8
91.4
362.4
217.7
125.6
92.1
368.6
219.8
128.1
91.8
367.2
224.2
130.0
94.2
360.7
222.6
133.6
89.0
347.7
213.4
131.9
81.5
139.5
76.7
41.7
35.0
146.0
82.1
45.4
36.7
144.9
80.7
44.5
36.2
144.7
80.6
44.9
35.7
147.4
82.1
45.6
36.5
147.1
85.0
46.4
38.6
143.7
84.4
47.6
36.8
137.9
80.6
46.8
33.8
137.6
84.1
53.5
145.0
91.7
53.3
143.7
90.4
53.3
144.7
91.3
53.4
148.8
96.1
52.7
143.0
89.1
53.8
138.1
82.6
55.5
134.2
82.2
52.0
62.8
39.3
23.5
64.0
41.2
22.8
64.2
41.1
23.1
64.1
41.2
22.9
65.3
42.9
22.4
62.2
39.6
22.6
59.3
36.1
23.2
57.3
35.7
21.6
Services
Factor income l
Other
Capital grants received by the United States (net)
0
0
0
0
0
0
0
0
Payments to foreigners
336.2
364.3
358.9
362.4
368.6
367.2
360.7
347.7
Imports of goods and services
Merchandise
Durable goods
Nondurable goods
344.4
258.9
139.1
119.9
428.5
325.5
186.9
138.6
410.4
316.6
181.6
135.0
421.1
317.4
179.7
137.7
459.3
350.7
204.8
145.9
423.2
317.1
181.3
135.8
435.2
333.6
204.7
128.9
441.6
339.6
203.9
135.7
126.9
89.1
58.9
30.2
161.1
116.0
80.2
35.8
153.2
112.2
77.1
35.1
156.2
110.6
76.1
34.5
174.4
126.9
88.6
38.3
160.5
114.1
78.8
35.2
172.1
127.8
91.2
36.6
171.8
127.5
90.2
37.3
85.5
35.8
49.7
103.0
48.1
54.9
93.8
42.8
51.0
103.7
49.2
54.5
108.6
51.6
57.0
106.1
48.9
57.1
101.6
44.8
56.7
102.0
45.2
56.8
37.8
16.7
21.1
45.1
21.6
23.5
41.0
19.5
21.5
45.6
22.2
23.4
47.5
23.0
24.5
46.4
21.7
24.7
44.3
19.6
24.7
44.2
19.7
24.6
8.0
1.0
7.0
9.6
1.2
8.4
7.7
1.2
6.6
7.4
1.0
6.4
8.8
1.1
7.7
14.6
1.5
13.1
9.0
1.8
7.2
9.6
1.5
8.2
Services
Factor income l
Other
Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government to foreigners
Net foreign investment
17.7
19.6
18.4
-93.4
-33.9
-77.7
18.9
20.0
-119.4
-85.0
21.0
-91.6
20.7
20.6
-104.2
-124.3
Tables 4-1-4.2:
1. Equals rest-of-the-world production as shown in tables 1.5-1.6.
Table 4.3-4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1983
1984
1984
I
Merchandise exports
198.6
Foods, feeds and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
31.1
... .
Capital goods, except autos...
219.2
31.5
II
215.2
34.5
217.7
30.5
1985
I
1983
II r
III
IV
219.8
224.2
222.6
213.4
76.7
31.5
27.7
23.9
13.7
29.5
1984
1985
1984
III
IV
II r
I
I
II
82.1
80.7
80.6
82.1
85.0
84.4
13.5
14.2
12.5
12.8
14.4
12.9
11.2
20.7
5.9
14.7
20.8
5.7
15.1
22.0
6.0
16.0
21.8
6.0
15.7
22.0
5.9
16.1
20.7
6.1
14.6
26.7
27.0
27.3
27.7
29.2
27.5
7.0
7.2
56.3
16.6
40.2
60.6
16.9
43.8
58.4
16.7
41.7
60.1
16.6
43.5
62.8
17.2
45.6
61.3
17.0
44.4
61.0
16.3
44.6
56.4
16.6
39.8
20.4
5.8
14.6
21.3
5.9
15.4
68.3
73.1
71.3
72.5
73.5
75.1
79.6
75.2
25.9
27.2
80.6
Autos... .
18.3
22.4
22.5
21.1
23.4
22.6
23.9
25.0
5.6
6.6
6.7
6.2
6.9
6.6
Consumer goods
Durable goods
Nondurable goods
13.9
5.9
8.0
13.7
5.6
8.1
13.9
6.0
7.9
13.5
5.5
8.0
13.9
5.6
8.3
13.6
5.4
8.2
13.8
5.5
8.3
12.8
5.1
7.7
7.0
2.4
4.6
6.8
2.3
4.5
6.9
2.4
4.5
6.7
2.2
4.5
6.9
2.3
4.6
6.8
2.3
4.6
6.9
2.3
4.6
6.4
2.2
4.3
Other
Durable goods
Nondurable goods
10.6
5.3
5.3
17.9
8.9
8.9
14.7
7.4
7.4
20.0
10.0
10.0
16.7
8.3
8.3
20.1
10.0
10.0
16.7
8.3
8.3
20.1
10.0
10.0
4.1
2.0
2.0
6.7
3.3
3.3
5.5
2.8
2.8
7.4
3.7
3.7
6.2
3.1
3.1
7.6
3.8
3.8
6.3
3.2
3.2
7.6
3.8
3.8
258.9
325.5
316.6
317.4
350.7
317.1
333.6
339.6
89.1
116.0
112.2
110.6
126.9
114.1
127.8
127.5
7.6
8.7
8.7
8.2
9.3
8.6
9.6
9.1
18.9
9.7
9.2
23.6
12.5
11.1
23.4
12.7
10.6
22.6
12.0
10.7
25.2
13.2
12.0
23.0
11.9
11.1
24.4
13.0
11.3
24.9
12.8
12.1
Merchandise imports .
Foods, feeds, and beverages
18.2
Industrial supplies and materials, excluding petroleum
Durable goods
Nondurable goods
51.2
26.4
24.8
Petroleum and products
Capital goods, except autos
Autos.
. ..
21.2
20.9
20.3
63.0
33.3
29.7
63.0
34.4
28.6
61.4
32.5
28.9
22.9
67.2
35.2
32.0
20.7
22.8
21.4
60.5
31.3
29.2
61.8
33.1
28.7
62.4
32.0
30.4
53.8
57.3
55.4
59.6
57.9
56.4
44.8
52.4
4.9
5.3
5.1
5.5
5.4
5.3
4.3
5.1
41.0
60.3
57.5
56.3
69.3
58.2
65.3
63.4
20.4
30.7
28.7
28.3
35.4
30.2
34.8
33.8
42.0
55.5
53.3
55.2
59.2
54.4
61.1
64.9
13.7
17.6
17.0
17.5
18.7
17.2
19.3
20.4
26.6
17.7
8.9
26.2
17.0
9.1
25.3
16.8
8,6
28.9
19.3
9.6
26.1
17.7
8.4
30.9
21.8
9.1
30.6
21.4
9.1
Consumer goods
Durable goods
Nondurable goods
45.3
25.9
19.4
59.7
33.5
26.2
58.7
32.5
26.2
57.0
31.9
25.0
64.6
36.3
28.3
58.5
33.1
25.3
67.3
40.0
27.3
66.3
39.2
27.1
20.5
13.6
6.9
Other
Durable goods
Nondurable goods
7.4
3.7
3.7
8.3
4.2
4.2
7.7
4.3
3.9
7.6
3.9
3.8
9.5
4.7
4.7
8.4
4.2
4.2
10.5
5.3
5.3
8.9
4.4
4.4
3.0
1.5
1.5
3.4
1.7
1.7
3.2
1.6
1.6
3.1
1.6
1.6
3.9
2.0
2.0
3.5
1.8
1.8
4.5
2.3
2.3
3.8
1.9
1.9
36.6
161.9
205.1
38.1
181.1
268.1
41.1
174.1
261.2
37.0
180.7
257.8
36.0
183.8
292.8
38.5
185.7
260.7
34.2
188.4
288.8
29.1
184.3
287.2
16.1
60.5
84.2
16.1
66.0
110.6
16.9
63.8
107.1
15.0
65.6
105.1
15.2
66.8
121.5
17.3
67.7
108.8
15.6
68.8
123.5
13.4
67.2
122.5
Addenda:
Exports:
Agricultural products
Nonagricultural products
Imports of nonpetroleum products
SURVEY OF CURRENT BUSINESS
10
Table 5.1.—Gross Saving and Investment
September 1985
Table 5.10-5.11.—Inventories and Final Sales of Business in Current
and Constant Dollars
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
I
Gross saving
. .
Gross private saving
Personal saving
Undistributed
corporate
profits with IVA and
CCAdj
Undistributed profits
IVA
CCAdj
Capital consumption allowances with CCAdj:
Corporate
Noncorporate
Wage accruals less disbursements
Government surplus or
deficit (-), NIPA's
Federal
State and local
Capital grants received by
the United States (net)
III
II
Seasonally adjusted quarterly totals
1985
1984
1984
1983
II r
I
IV
437.2
551.8
543.9
551.0
556.4
556.0
550.7
532.6
571.7
118.1
674.8
156.1
651.3
152.5
660.2
144.8
689.4
164.1
698.2
163.0
662.1
118.6
696.3
139.4
76.5
54.5
11 2
33.2
115.4
65.4
-5.7
55.7
107.0
72.9
135
47.6
115.3
70.2
-7.3
52.3
118.4
60.3
2
58.3
120.8
58.0
16
64.5
122.5
52.5
.9
69.1
129.3
51.8
2.5
75.0
231.2
145.9
246.2
157.0
239.9
151.8
244.1
156.0
248.1
158.8
252.8
161.5
257.4
163.7
261.6
166.1
0
0
0
0
0
0
0
0
-134.5 -122.9 -107.4 -109.2 -133.0 -142.2 -111.4 -163.8
1613 -163.7 -180.6 -197.8 165.1 -214.1
-178.6 -175.8
50.3
53.7
55.6
53.9
54.5
47.6
44.1
52.9
0
0
0
0
0
0
0
0
437.7
544.4
546.1
542.0
543.4
546.1
542.6
518.9
Gross private domestic investment
Net foreign investment
471.6
-33.9
637.8
-93.4
623.8
-77.7
Statistical discrepancy
.5
-7.4
2.2
Gross investment
662.8
627.0
-85.0 -119.4
643.2
646.8
637.8
-91.6 -104.2 -124.3
13.0
-9.0
9.9
-8.1
-13.7
1984
I
II
1985
ni
IV
I
II r
Inventories1
Farm
Nonfarm
Durable goods
Nondurable goods
845.2
85.3
759.9
430.4
329.5
856.4
85.0
771.4
435.1
336.3
870.7
84.2
786.5
445.2
341.3
877.6
84.3
793.3
453.2
340.2
883.9
84.6
799.4
460.9
338.5
879.9
82.5
797.3
460.7
336.7
Manufacturing
Durable goods .
Nondurable goods
348.3
223.1
125.2
356.6
228.9
127.7
364.4
234.6
129.8
363.9
236.7
127.2
362.9
237.8
125.1
360.8
236.6
124.2
167.6
105.7
61.9
138.7
90.1
48.6
28.9
15.6
13.3
171.0
107.8
63.2
141.4
91.9
49.5
29.6
15.9
13.7
175.6
111.9
63.7
145.9
95.6
50.3
29.7
16.3
13.5
178.0
113.8
64.2
147.8
97.3
50.5
30.2
16.5
13.7
178.6
114.8
63.9
149.2
98.2
51.0
29.4
16.5
12.9
180.2
115.1
65.1
151.1
98.6
52.5
29.1
16.5
12.7
159.2
73.0
86.3
84.8
159.7
71.9
87.7
84.1
160.8
72.0
88.8
85.7
166.2
76.1
90.0
85.3
172.8
81.4
91.5
85.0
172.2
80.9
91.3
84.1
245.3
147.2
254.7
154.3
256.4
153.3
264.4
159.0
267.7
159.4
272.5
162.2
3.45
3.10
3.36
3.03
3.40
3.07
3.32
3.00
3.30
2.99
3.23
2.93
5.16
5.00
5.13
4.99
5.01
4.92
Wholesale trade
Durable goods
Nondurable goods .
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
....
Retail trade
Durable goods
Nondurable goods
Other
Final sales 2
Final sales of goods and structures
Ratio' Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods
and structures
Billions of 1972 dollars
Table 5.8-5.9.—Change in Business Inventories by Industry in Current
and Constant Dollars
Billions of dollars
Seasonally adjusted at annual rates
1983
Change in business inventories
Farm
Nonfarm
Change
in book value
IVA1
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
...
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
,
,
1984
1984
1985
I
II
III
IV
I
II r
-13.5
58.2
73.8
50.6
71.8
36.6
40.7
17.9
-10.4
-3.1
9.2
-12.3
8.6
13.2
49.6 60.6
56.2 75.7
65 -15.1
3.5
47.0
55.5
84
8.1
63.7
64.1
3
9.4
27.2
29.4
23
6.6
34.1
33.1
1.0
6.5
11.4
8.9
2.5
35.5
23.3
12.1
14.2
7.0
7.2
10.7
5.6
5.2
3.4
1.4
2.0
2.5
-3.8
6.3
-5.1
-8.2
3.1
32.4
24.4
8.1
21.2
16.4
4.8
20.0
14.7
5.3
1.2
1.7
-.5
5.8
1.3
4.6
4.3
-.4
4.6
-1.7
6.5
-8.3
10.2
6.3
3.9
7.8
5.6
2.2
2.3
.6
1.7
18.2
14.7
3.5
.5
-.8
1.3
4.3
4.8
-.5
3.9
3.7
.2
6.9
3.4
3.5
-3.0
.3
-3.3
22.8
18.4
4.5
3.1
2.1
1.0
.8
.9
-.1
8.3
.5
7.7
8.3
.7
7.7
0
-.1
.1
21
-.9
-1.2
4.4
3.2
1.2
94
-7.3
-2.2
24
-2.1
-.3
-1.2
18
.7
-1.2
3
-.9
7.6
4.7
2.9
1.1
2.5
-1.4
22.2
17.1
5.1
14.0
9.4
4.5
11.5
8.2
3.3
2.4
1.2
1.2
12.9
6.2
6.7
.6
-2.3
2.9
22.6
14.1
8.5
10.4
8.1
2.3
7.5
7.0
.5
2.8
1.1
1.7
25.1
12.7
12.4
2.5
0
2.5
Billions of 1972 dollars
Change in business inventories
Farm
Nonfarm ..
Manufacturing
Durable goods
Nondurable goods
Wholesale trad£
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other .
Durable goods
Nondurable goods
-3.6
24.8
31.6
20.3
30.6
16.8
19.1
8.3
-4.2
.6
4.0
20.9
5.4
26.2
1.6
18.7
4.1
26.5
4.8
12.0
3.4
15.7
3.4
4.9
-3.5
29
-.6
-.5
8
.3
-.2
7
.4
-.3
-.1
— 2
3^4
2.1
1.3
1.2
1.1
.1
9.0
7.2
1.7
5.9
4.1
1.7
5.1
3.6
1.4
.8
.5
.3
5.9
2.8
3.2
.1
-1.0
1.1
9.1
5.8
3.3
4.8
3.5
1.2
3.9
3.1
.8
.9
.5
.4
11.4
5.4
6.1
.9
0
.9
13.8
9.7
4.2
5.3
3.1
2.2
4.1
2.5
1.7
1.2
.6
.6
1.7
13
3.0
21
-3.4
1.3
1
13.0
10.3
3.1
2.7 -3.2
3.9
9.5
2.8
7.2
2.3
1.1
3.5
8.8
2.5
6.5
1.0
2.3
.4
.7
.7
.3
0
.1
2.5
8.1
6.5
.5
2.0
1.6
.1
1.5
3
-.1
.5
1.7
2.1
2.3
-.3
2.4
1.6
.8
2.8
1.4
1.4
-.4
.1
5
10.1
7.8
2.2
1.2
.9
.3
.5
.7
-.1
3.5
.4
3.1
3.5
.4
3.1
0
0
.1
-1.0
-.2
7
1.8
1.3
.5
Inventories 1 . ..
344.3
349.4
357.1
361.3
366.1
368.1
40.2
304.1
180.0
124.1
40.6
308.8
182.0
126.8
41.7
315.4
186.4
129.0
42.9
318.4
189.4
129.0
43.7
322.3
192.6
129.8
44.6
323.6
193.1
130.4
138.2
92.9
45.3
141.6
95.3
46.4
144.9
97.9
47.0
144.9
98.6
46.2
145.4
99.2
46.2
145.5
99.4
46.1
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
66.6
43.3
23.3
56.2
36.7
19.5
10.4
6.5
3.9
67.9
44.0
23.9
57.2
37.3
19.9
10.7
6.7
4.0
70.3
45.8
24.5
59.4
39.0
20.5
10.9
6.9
4.0
71.3
46.5
24.7
60.3
39.6
20.7
11.0
7.0
4.0
71.9
46.9
24.9
61.0
39.9
21.1
10.9
7.0
3.9
72.8
47.0
25.7
61.9
40.1
21.8
10.9
7.0
3.9
Retail trade
Durable goods
Nondurable goods
Other
70.7
32.0
38.8
28.6
71.1
31.6
39.5
28.1
71.8
31.8
40.0
28.4
73.8
33.4
40.4
28.5
76.3
35.3
41.0
28.8
76.1
35.3
40.8
29.2
112.7
70.7
116.2
73.8
115.7
73.0
118.4
75.2
118.4
74.6
119.9
75.8
3.06
2.70
3.01
2.66
3.09
2.73
3.05
2.69
3.09
2.72
3.07
2.70
4.30
4.18
4.32
4.24
4.32
4.27
Farm
Nonfarm
Durable goods
Nondurable goods
...
Manufacturing
Durable goods
Nondurable goods
.. .
,
Final sales 2
Final sales of goods and structures . ..
Ratio: Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods
and structures
Table 5.10-5.11:
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GNP. The former is the difference between two inventory
stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarter rates, whereas CBI is stated at annual rates. Quarter-to-quarter
changes calculated from the constant-dollar inventories shown in this table are at quarterly
rates, whereas the constant-dollar change in business inventories component of GNP is stated at
annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of
households and institutions, government, and rest-of-the-world and includes a small amount of
final sales by farms.
Table 5.8-5.9:
1. The IVA shown in this table differs from that which adjusts business income. The IVA in
this table reflects the mix of methods (first-in-first-out, last-in-first-out, etc.) underlying book
value inventories derived primarily from Census Bureau Statistics. The mix differs from that underlying business income derived primarily from Internal Revenue Service statistics.
SURVEY OF CURRENT BUSINESS
September 1985
Table 6.4.—National Income Without Capital Consumption Adjustment
by Industry
11
Table 7.1.—Implicit Price Deflators for Gross National Product
Index numbers, 1972=100
Billions of dollars
Seasonally adjusted
Seasonally adjusted at annual rates
1983
1984
National
income
without CCAdj
II
III
I
II r
I
IV
Gross national product
2,651.9 2,940.8 2,861.8 2,929.6 2,963.6 3,008.3 3,042.1 3,065.1
Domestic industries
2,603.6 2,897.2 2,814.2 2,887.5 2,919.0 2,968.1 3,004.4 3,028.2
Private industries
2,212.0 2,476.9 2,402.7 2,470.2 2,496.1 2,538.4 2,564.5 2,581.8
60.9
40.0
112.3
76.2
45.5
126.8
79.9
42.4
122.0
70.9
46.2
127.2
75.6
46.7
128.3
78.4
46.5
129.7
75.2
46.8
135.8
73.5
47.2
138.9
Manufacturing
Durable goods
Nondurable goods
579.9
329.5
250.4
656.2
387.4
268.8
646.7
378.4
268.3
660.4
383.8
276.6
653.3
388.1
265.1
664.6
399.3
265.3
668.4
400,2
268.2
662.3
398.2
264.1
Transportation and
public utilities
Transportation
Communication
Electric, gas, and
sanitary services
212.9
87.7
60.1
234.5
99.3
64.7
226.3
95.0
62.8
234.1
99.1
65.0
238.0
101.3
65.7
239.7
101.6
65.1
242.4
103.0
65.7
241.4
103.4
66.2
64.3
70.6
68.5
70.0
71.0
73.0
73.7
71.8
161.2
225.2
186.9
244.7
177.3
236.2
184.4
246.6
190.8
245.1
195.0
250.8
195.2
252.9
197.1
257.6
394.0
426.6
433.9
472.2
415.6
456.3
432.4
468.0
441.5
476.9
446.1
487.6
448.4
499.5
452.5
511.3
391.7
420.4
411.6
417.3
422.9
429.7
439.9
446.4
48.3
43.6
47.6
42.1
44.5
40.2
37.7
37.0
Government and government enterprises
Rest of the world
..
215.34 223.43 220.58 222.40 224.57 226.10 229.07 230.55
213.6
177.7
213.0
226.0
220.4
179.0
217.7
237.6
218.0
179.0
217.4
232.6
219.2
179.5
216.4
236.0
221.5
179.2
217.8
239.7
222.8
178.4
219.4
242.0
224.6
179.1
220.1
245.2
226.2
178.4
221.2
248.1
216.0
206.4
263.7
183.3
246.4
249.4
247.3
172.6
218.7
207.8
264.5
186.0
255.7
259.0
261.5
173.2
216.6
206.3
262.6
184.4
249.4
252.3
258.5
174.1
218.6
207.4
264.1
185.4
255.9
259.2
261.7
173.6
219.2
208.0
265.2
186.5
258.6
262.1
261.1
172.3
220.1
209.4
265.9
187.6
259.1
262.7
266.5
172.9
222.1
211.8
268.1
189.2
258.6
262.2
271.8
172.6
222.4
212.1
271.0
189.1
259.3
262.9
274.2
171.5
Net exports of goods and
services
Exports
Imports
241.0
271.5
249.4
266.0
247.7
267.9
250.4
269.6
250.1
263.3
249.6
263.7
251.0
252.8
252.0
257.1
Government purchases of
goods and services
Federal
National defense
Nondefense
State and local
234.9
232.1
236.6
220.0
236.7
247.4
241.2
247.2
224.7
251.7
243.3
238.5
245.1
215.5
246.4
246.2
240.6
246.4
225.1
250.0
248.6
241.5
247.4
227.1
253.5
251.4
243.7
249.8
228.2
256.9
254.8
246.4
252.4
231.5
260.9
258.6
250.1
255.6
235.2
264.7
Fixed investment
Nonresidential
Structures
Producers' durable equipment ..
Residential
Nonfarm structures
Farm structures
Producers' durable equipment ..
Change in business inventories
Index numbers, 1972=100
Billions of dollars
Seasonally adjusted
Seasonally adjusted at annual rates
1984
1983
II
1983
1985
1984
I
225.2
285.7
277.4
291.1
282.8
291.6
292.3
298.5
262.7
28.1
234.7
23.0
251.7
28.7
223.0
25.7
269.8
29.1
240.8
21.3
258.5
26.9
231.6
24.3
270.9
27.5
243.4
20.7
271.6
28.4
243.2
20.7
275.8
33.9
241.9
22.8
Corporate
with IVA
192.0
230.0
229.8
238.7
224.5
227.1
223.2
223.5
profits
167.2
207.1
204.1
217.5
200.2
206.4
202.5
200.8
Financial
Federal Reserve banks....
Other
29.6
14.8
14.8
27.8
16.7
11.1
28.7
16.0
12.7
28.9
16.4
12.5
26.6
17.1
9.5
27.1
17.5
9.6
28.0
16.9
11.1
33.2
17.2
16.0
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated
metal
products
Machinery, except
electrical
Electric and electronic equipment ..
Motor vehicles and
equipment
Other
137.6
65.2
11.9
179.2
85.5
29.0
175.4
89.8
30.3
188.6
92.3
27.6
173.6
78.3
26.4
179.3
81.6
31.7
174.6
77.9
27.2
167.5
72.3
25.7
.4
.1
.6
.3
.5
.7
3.5
6.1
5.2
6.0
5.7
7.5
6.2
2.0
5.0
4.0
6.2
4.8
5.3
4.6
6.0
Nondurable goods
Food and kindred
products
Chemicals
and
allied products
Petroleum and coal
products
Other
Transportation and
public utilities
Wholesale and retail
trade
Other .
Rest of the world
-2.3
0
6.1
.9
2.8
2.8
1.9
3.1
3.6
2.9
2.8
7.4
.4
9.8
4,9
14.6
3.6
7.9
5.2
7.6
4.9
8.9
6.0
8.6
4.2
6.7
4.0
53.4
56.5
59.4
64.7
51.9
49.8
50.8
46.6
237.2
239.7
242.1
222.4
185.0
223.2
234.3
231.1
188.9
229.7
246.9
228.2
187.7
228.8
241.5
230.0
188.8
228.8
245.2
232.2
189.1
229.6
249.4
234.5
189.8
231.7
252.3
236.4
191.1
232.4
255.5.
238.8
191.2
234.5
258.9
Gross private domestic
investment
Fixed investment
Nonresidential .
Structures
Producers' durable equipment ..
Residential
Change in business inventories
234.5 240.6
230.4 234.9
249.8 255.4
219.3 223.0
242.3 251.7
238.6
232.9
252.3
221.8
249.4
242.2
234.7
255.3
222.8
256.4
244.0
236.1
256.2
224.5
259.0
244.9
237.1
257.6
225.4
259.7
245.6
238.7
259.9
226.5
258.7
247.0
240.4
262.6
227.7
259.6
Net exports of goods and
services .
Exports
Imports
248.0
299.9
254.8
299.0
254.4
300.3
257.2
302.1
256.3
299.3
255.3
297.0
255.4
292.2
255.8
291.7
Government purchases of
goods and services
Federal
National defense
Nondefense
State and local
236.5
236.7
242.3
222.3
236.4
249.2
246.5
252.6
230.7
251.0
245.0
244.1
250.2
228.5
245.5
248.2
246.4
252.9
230.0
249.4
250.6
247.3
253.4
231.6
252.8
252.9
247.9
253.8
232.7
256.2
257.2
252.8
258.5
238.2
260.1
259.9
253.5
259.5
238.2
264.1
Addenda:
Gross domestic purchases1
227.2
Final sales
223.8
Final 1 sales to domestic purchasers
227.3
236.3
233.5
233.4
230.5
235.7
232.9
237.9
235.2
239.9
237.3
242.1
239.9
244.4
242.3
236.4
233.5
235.8
238.0
240.1
242.3
244.6
230.9
230.5
229.5
230.9
232.7
234.2
233.9
368.3
366.7
369.1
367.9
369.4
365.2
376.0
218.5
214.8
217.3
220.1
222.5
225.1
227.5
224.3 233.9
223.5 232.4
224.6
230.6
229.3
233.0
231.6
235.3
233.9
237.4
236.0
240.0
238.1
242.4
240.3
7.7
7.8
6.7
5.6
6.3
6.7
9.0
9.5
7.8
6.5
6.4
5.8
23.5
16.5
22.7
18.7
23.6
19.1
27.9
19.5
19.3
18.2
19.9
17.9
19.8
18.4
16.7
17.4
Gross domestic product
Business
Nonfarm
28.1
29.0
26.6
33.4
16.4
45.9
20.2
40.6
17.9
47.0
21.0
46.8
21.5
49.4
20.3
45.5
22.1
46.8
21.8
24.8
23.0
25.7
21.3
24.3
20.7
20.7
22.8
II r
235.1
8.2
27.1
I
232.8
7.0
28.3
IV
230.4
6.8
27.3
III
233.4
6.6
27.7
II
223.8
Personal consumption expenditures, food
221.8
Personal consumption expenditures, energy
365.0
Other personal consumption expenditures....
209.4
22.5
1985
I
Personal consumption
expenditures
Durable goods
Nondurable goods
Services .
Gross national product
200.4
29.4
171.0
24.8
1984
1984
II r
I
IV
III
Domestic industries
Financial ..
...
Nonfinancial
Rest of the world
Domestic industries
II r
I
IV
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product,
1972 Weights
Table 6.20.—Corporate Profits by Industry
Corporate
profits
with
IVA
and
CCAdj
III
II
Gross private domestic
Agriculture, forestry,
and fisheries
Mining
Construction
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
1985
1984
1984
1985
1984
I
1983
Table 7.1-7.2:
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
12
September 1985
SURVEY OF CURRENT BUSINESS
Table 7.3.—Implicit Price Deflators for Gross National Product by
Major Type of Product
Table 7.7.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar
Gross Domestic Product of Nonfinancial Corporate Business
Dollars
Index numbers, 1972=100
Seasonally adjusted
Seasonally adjusted
1983
1984
I
Gross national product
1985
1984
II
III
IV
I
II r
215.34 223.43 220.58 222.40 224.57 226.10 229.07 230.55
215.7
223.3
220.3
222.1
224.4
226.2
229.3
230.6
196.9
201.8
201.1
201.3
202.0
202.8
204.9
204.5
Final sales
Change in business inventories.
197.8
200.7
199.7
200.0
200.7
202.5
204.7
204.4
Durable goods .
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
187.8
188.3
192.0
190.4
191.0
188.8
190.9
190.0
192.4
190.1
193.5
192.5
195.2
193.9
193.2
193.3
203.7
204.9
209.8
209.0
209.2
208.3
209.6
208.0
209.7
208.9
210.7
210.7
212.8
213.3
213.8
213.6
Services
226.7
239.3
234.3
237.8
241.3
243.9
247.7
250.7
Structures
252.0
258.1
253.8
257.9
259.7
260.9
262.4
264.4
225.3
222.6
224.4
226.4
227.6
229.6
231.5
225.1
222.4
224.1
226.2
227.7
229.8
231.6
Final sales
Change in business inventories
Goods
Addenda:
Gross domestic purchases 1
217.7
Final 1 sales to domestic purchas218.0
ers .
1984
1983 1984
I
III
II
1985
IV
II r
I
Current-dollar cost and profit per unit
of constant-dollar gross domestic
product 1
2.139 2.203 2.178 2.192 2.213 2.228 2.256 2.271
Capital consumption allowances with CCAdj
.243 .237 .236 .234 .238 .239 .243 .245
Net domestic product
1.896 1.966 1.942 1.958 1.976 1.989 2.014 2.026
Indirect business tax and nontax liability
plus business transfer payments less subsidies
.219 .220 .217 .218 .221 .222 .226 .232
Domestic income
1.677 1.747 1.726 1.740 1.754 1.767 1.788 1.794
Compensation of employees .
1.409 1.425 1.415 1.414 1.434 1.438 1.462 1.473
Corporate profits with
IVA and CCAdj
.191 .240 .233 .246 .236 .245 .245 .242
Profits tax liability ..
.065 .073 .078 .079 .066 .069 .067 .064
Profits after tax with IVA and CCAdj
.126 .167 .155 .167 .171 .176 .178 .179
Net interest
.077 .081 .078 .081 .084 .083 .082 .079
Table 7.8.—Implicit Price Deflators for Auto Output
Index numbers, 1972 = 100
Seasonally adjusted
1983 1984
Table 7.4.—Implicit Price Deflators for Gross National Product by
Sector
Gross national product
215.34 223.43 220.58 222.40 224.57 226.10 229.07 230.55
Gross domestic product
Business
Nonfarm .
Nonfarm less housing
Housing
Farm
Statistical discrepancy
215.4
2134
2142
215.3
2054
1820
213.4
223.4
2207
2213
221.8
2172
198.9
220.7
220.6
2180
2184
219.2
2120
201.5
218.0
222.4
2197
2201
220.7
2153
205.6
219.7
224.6
2218
2225
222.9
219 1
199.6
221.8
226.1
2232
2242
224.4
2223
190.1
223.2
229.1
2259
2272
227.5
2250
181.5
225.9
230.6
2271
228.8
228.9
2284
169.1
227.1
Households and institutions
Private households
Nonprofit institutions
246.4
2339
2473
258.1
2365
259.8
254.5
2360
255.9
257.3
2361
258.9
259.4
2365
261.2
261.2
237.1
263.1
263.7
238.1
265.7
267.2
238.9
269.4
Government .
Federal
State and local
2224
2099
2285
2375
220.6
2458
233.1
219.6
2396
236.1
220.3
2439
2389
220.7
2478
242.1
221.8
252.0
247.5
228.8
256.7
250.8
229.5
261.2
2142
2226
219.7
221.5
223.8
225.4
228.6
230.1
Rest of the world
21534 223.43 220.58 222.40 224.57 226.10 229.07 230.55
Less: Capital consumption allow2244
ances with CCAdj
2302
227 5
229.8
231.1
232.2
233.3
234.3
214.2
222.6
219.7
221.5
223.8
225.4
228.6
230.1
Less:
Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus
current surplus of government
184.7
enterprises
193.2
181.0
194.3
198.5
198.7
199.0
204.8
2134
220.7
2180
219.7
221.8
223.2
225.9
227.1
217.9
226.2
224.5
224.8
226.8
228.6
232.1
233.2
Statistical discrepancy .
Equals: National income
Table 7.7:
1. Equals the deflator for gross domestic product of nonfmancial corporate business with the
decimal point shifted two places to the left.
Table 7.8:
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.
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
III
1985
IV
I
II r
177.8 183.0 183.7 181.5 181.9
184.7 189.2 182.2
178.4 182.5 181.7 181.5 181.7
203.6 211.1 208.8 210.5 212.9
182.4 187.0 185.9 186.0 186.8
185.2 184.2 183.0
212.6 214.6 214.2
189.2 191.5 192.5
139.6 147.7 147.3 145.1 148.8
182.7 187.7 186.7 186.8 187.9
149.9 154.1 155.5
189.6 191.9 192.8
183.4 190.8 192.1 190.0 190.9
241.8 248.9 246.6 249.8 250.8
157.1 135.3 148.0 126.2 131.6
189.8 197.6 194.8
248.3 260.7 263.6
133.0 132.1 130.4
182.6 187.6 186.9 186.6 187.7
182.5 186.7 185.5 185.7 186.6
189.3 192.3 193.6
188.8 191.0 192.1
217.1 229.0 224.7 227.4 232.1 231.1 232.0 2214.6
217.1 228.3 223.3 227.6 230.7 230.9 231.9 234.9
182.6 187.7 186.5 186.7 187.4 189.9 192.2 193.2
2429 2532 2480 2528 256.1 254.8 257.9 260.6
243.1 253.0 248.0 252.8 256.0 254.8 257.9 260.5
2156 2209 2214 2218 2177 2288 222.1 2220
243.0 252.7 248.0 252.8 256.1 254.8 257.9 260.6
Table 7.11.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product
Personal consumption expenditures
Table 7.3:
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
Table 7.9:
1. Includes new trucks only.
Addenda:
Domestic output of new autos l
Sales of imported new autos 2
Truck output l
Table 7.5.—Implicit Price Deflators for the Relation of Gross National
Product, Net National Product, and National Income
Equals: Net national product
Auto output
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos.
Net purchases of used autos.
Net exports
Exports
Imports
Government purchases
Change in business inventories ..
II
Table 7.9.—Implicit Price Deflators for Truck Output
Addendum:
Gross domestic business product
less housing
Gross national product
1984
I
213.6 220.4 218.0 219.2 221.5 222.8 224.6 226.2
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
177.7
194 1
1581
185.8
179.0
1977
1565
188.9
179.0
1963
157.6
188.0
179.5
1974
157.4
189.0
179.2
198.5
156.1
189.7
178.4
198.5
155.0
189.0
179.1
2004
154.4
190.1
178.4
200.4
153.1
190.8
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
213.0
220.5
143.6
3449
230.8
531.2
2136
2177
2294
145.3
3394
2368
543.3
2204
217.4
228.8
144.4
3406
235.4
550.0
2175
216.4
228.4
143.6
3425
235.6
549.6
2188
217.8
229.3
145.2
334.6
238.2
538.1
222.2
219.4
231.0
147.8
340.0
238.1
535.0
223.1
220.1
232.4
1486
334.1
239.6
521 0
225.9
221.2
232.1
149.5
350.4
240.8
533.2
227.7
Services
Housing
Household operation
Electricity and gas...
Other
Transportation
Other
226.0
2121
240.0
326.2
1852
228.9
232.7
237.6
2239
253.0
341.2
1971
239.3
244.0
232.6
2184
2481
333.0
1944
234.6
239.3
236.0
2219
251.1
336.7
1956
237.2
242.8
239.7
225.9
257.3
350.9
198.2
240.6
245.6
242.0
229.3
255.3
344.0
200.3
244.9
248.0
245.2
231.9
257.6
3470
201.4
?501
351 6
248.1
235.4
257.6
347.5
204.3
250.5
255.2
September 1985
SURVEY OF CURRENT BUSINESS
Table 7.14B.—Implicit Price Deflators for Government Purchases of
Goods and Services by Type
13
Table 7.17.—Implicit Price Deflators for Merchandise Exports and
Imports by Type of Product and by End-Use Category
Index numbers, 1972=100
Index numbers, 1972=100
Seasonally adjusted
Seasonally adjusted
1983
1984
1984
I
Government purchases of
goods and services
Federal
234.9
232.1
247.4
241.2
243.3
238.5
II
246.2
240.6
1985
III
IV
248.6
251.4
241.5
243.7
1983
II r
I
254.8
246.4
258.6
250.1
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees ...
Military
Civilian
Other services
Structures
236.6
243.7
426.7
224.0
247.2
257.7
417.5
234.6
245.1
254.5
421.9
232.6
246.4
255.0
425.3
234.0
247.4
257.5
411.9
235.2
249.8
263.6
410.9
236.3
252.4
261.6
397.8
242.0
255.6
264.7
430.1
243.1
211.5
215.4
205.9
244.7
224.7
222.5
227.3
215.8
253.0
235.0
221.6
226.5
214.6
250.7
229.6
222.2
227.0
215.4
252.6
234.2
222.7
227.6
215.8
254.2
236.5
223.7
228.2
217.2
254.3
238.8
231.1
236.5
223.3
257.4
238.6
231.7
237.0
224.2
259.1
240.5
Nondefense
Durable goods ..
Nondurable goods
Commodity Credit Corporation inventory change
Other nondurables
Services .
Compensation of
employees
Other services .
Structures
220.0
215.8
224.7
223.0
215.5
218.9
225.1
222.5
227.1
224.2
228.2
226.1
231.5
229.1
235.2
229.4
State and local
Durable goods
Nondurable goods
Services
Compensation of employees...
Other services
Structures
309.1
215.1
292.3
224.2
263.1
222.6
318.7
223.4
297.3
224.6
292.4
226.2
274.2
231.1
271.9
232.0
206.7
228.1
233.4
216.6
235.8
239.2
215.6
233.3
236.6
216.3
234.7
238.7
216.7
236.8
239.5
218.0
238.1
241.8
224.2
241.2
244.3
225.1
242.3
246.6
236.7
219.1
262.8
235.5
228.5
257.5
233.0
251.7
225.3
269.5
252.6
245.8
273.0
241.1
246.4
223.2
269.2
246.5
239.6
267.4
236.8
250.0
224.4
270.1
250.6
243.9
270.8
239.9
253.5
226.1
269.2
254.8
247.8
275.7
242.0
256.9
227.2
269.4
258.5
252.0
278.1
245.2
260.9
228.6
269.3
263.0
256.7
281.6
248.8
264.7
229.8
270.7
267.2
261.2
285.0
253.2
Table 7.16.—Implicit Price Deflators for Exports and Imports of Goods
and Services
Index numbers, 1972=100
1984
1984
I
II
I
II
III
IV
II r
I
Merchandise exports
258.9
267.1
266.7
270.0
267.9
263.9
263.7
264.7
Foods, feeds and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
226.7
233.9
242.5
244.8
231.3
218.3
215.1
214.3
276.1
276.2
276.1
284.7
284.6
284.7
282.6
282.7
282.6
288.9
289.0
288.9
285.3
285.2
285.3
281.9
281.9
281.9
276.8
276.7
276.8
272.8
272.7
272.8
Capital goods except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other . .
Durable goods
Nondurable goods
263.9
328.1
198.8
250.0
172.5
259.0
259.0
259.0
269.0
338.9
200.8
242.8
179.3
267.1
267.1
267.1
266.7
336.4
201.2
245.5
177.1
266.8
266.8
266.8
268.4
338.9
201.3
245.3
179.3
270.1
270.1
270.1
269.7
340.2
200.9
241.4
180.6
267.8
267.8
267.8
271.2
340.2
199.6
238.9
180.3
263.8
263.9
263.8
272.2
341.8
198.8
235.9
180.1
263.7
263.7
263.7
273.0
346.7
199.3
235.5
180.8
264.7
264.7
264.7
Merchandise imports
290.6
280.7
282.1
287.0
276.3
278.0
261.0
266.3
Foods, feeds, and beverages
Industrial supplies and
materials, excluding
petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
237.8
244.2
241.6
247.8
247.8
239.4
237.6
234.2
Addenda:
Exports:
Agricultural products
Nonagricultural products
Imports of nonpetroleum
products
270.9 267.5 269.8 271.2 266.2 262.8 253.4 251.1
271.0 267.5 270.1 271.0 266.1 262.7 253.3 251.1
270.8 267.4 269.3 271.4 266.4 262.9 253.5 251.2
1,093.6 1,072.3 1,078.0 1,083.9 1,068.2 1,059.2 1,034.5 1,035.0
195.7
192.5
187.5
187.5
200.9 196.7 200.4 198.7
318.6
316.6
316.8
315.9
316.1
313.3
306.5 315.5
216.9
221.4 224.1 224.3 224.7 223.8 223.7 217.8
183.4
182.8
188.3
186.9
190.6
190.5
191.3
189.0
300.0 296.9
280.4 293.7 287.3 291.5 295.2 301.1
243.7 242.2 243.8 245.1 240.9 239.7 233.8 234.7
243.7 242.2 243.8 245.1 240.9 239.9 233.9 234.7
243.7 242.2 243.8 245.1 240.9 239.6 233.7 234.7
227.0
267.5
236.9
274.4;
243.1
272.9
246.9
275.3
236.2
275.1
222.8
274.4
219.4
273.8
217.9
274.1
243.7
242.4
243.9
245.3
241.0
239.7
233.9
234.5
Table 7.21.—Implicit Price Deflators for Inventories and Final Sales of
Business
Seasonally adjusted
1983
1985
1984
1984
1985
III
IV
I
II'
Index numbers, 1972 = 100
Seasonally adjusted
Exports of goods and services
241.0
249.4
247.7
250.4
250.1
249.6
251.0
252.0
Merchandise
Durable goods
Nondurable goods...
258.9
273.2
242.0
267.1
279.8
251.4
266.7
278.1
252.6
270.0
279.8
257.8
267.9
280.8
251.7
263.9
280.3
244.2
263.7
280.6
241.9
264.7
281.9
241.0
Services
Factor income
Other
219.2
214.3
227.3
226.8
222.6
234.4
223.7
219.7
230.9
225.7
221.5
233.1
227.9
223.8
235.7
230.0
225.4
238.0
232.9
228.6
239.7
234.2
230.1
241.0
1983
1985
1984
1984
I
II
III
IV
I
II r
Inventories1
245.5
245.1
243.8
242.9
241.5
239.0
211.9
249.9
239.2
265.4
209.1
249.8
239.1
265.2
202.0
249.4
238.8
264.6
196.6
249.2
239.2
263.7
193.4
248.0
239.3
260.8
185.1
246.4
238.5
258.1
271.5
266.0
267.9
269.6
263.3
263.7
252.8
257.1
Farm
Nonfarm ...
Durable goods
Nondurable goods
Merchandise
Durable goods
Nondurable goods .
290.6
235.9
397.5
280.7
233.1
387.4
282.1
235.6
384.4
287.0
236.1
399.2
276.3
231.0
381.3
278.0
230.0
385.4
261.0
224.4
352.1
266.3
226.0
363.7
Manufacturing
Durable goods
Nondurable goods
252.0
240.2
276.2
251.7
240.2
275.4
251.5
239.8
275.9
251.2
240.0
275.1
249.6
239.7
270.8
247.9
238.1
269.1
Services
Factor income
Other
226.3
214.4
235.7
228.4
222.7
233.6
228.9
219.8
237.1
227.6
221.5
233.3
228.6
223.8
233.1
228.5
225.4
231.3
229.3
228.6
229.9
230.7
230.1
231.2
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
251.6
244.2
265.2
246.7
245.3
249.4
277.8
238.2
344.9
251.7
244.7
264.7
247.0
246.0
248.9
276.6
236.9
343.2
249.8
244.1
260.5
245.5
245.5
245.5
273.4
236.3
337.3
249.7
244.4
259.5
245.0
245.7
243.7
275.2
237.3
340.7
248.5
244.5
256.0
244.6
245.9
242.1
270.8
236.8
332.1
247.7
244.7
253.1
244.1
246.2
240.2
267.9
235.8
325.7
Retail trade
Durable goods
Nondurable goods
Other
225.2
228.4
222.5
296.8
224.4
227.4
222.1
299.9
224.1
226.6
222.0
301.2
225.2
228.0
222.8
299.7
226.5
230.2
223.3
295.4
226.4
229.4
223.9
288.1
217.6
219.3
221.5
223.2
226.1
227.2
208.3
209.1
210.1
211.6
213.8
214.0
Imports of goods and services
Final sales2
Final sales of goods and structures
Table 7.21:
1. Inventories are as of the end of the quarter.
2. Business final sales equals final sales less gross product of households and institutions, government, and rest of the world.
14
September 1985
SURVEY OF CURRENT BUSINESS
Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflators, and
Price Indexes
Percent
Percent at annual rates
Percent
Percent at annual rates
Seasonally adjusted
Seasonally adjusted
1983
1984
I
II
1983
1985
1984
IV
III
I
II
r
Gross national product:
Current dollars
1972 dollars
Implicit price deflator .
Chain price index
Fixed-weighted price index
7.7
3.7
3.8
4.3
4.2
10.8
6.8
3.8
4.2
4.3
14.9
10.1
4.4
4.9
5.0
10.7
7.1
3.3
4.1
4.3
5.6
1.6
3.9
3.9
4.0
7.1
4.3
2.8
3.6
3.6
5.6
.3
5.4
4.6
4.3
4.5
1.9
2.6
3.8
3.9
Personal consumption
expenditures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
8.6
4.8
3.7
4.1
4.0
8.6
5.3
3.2
3.9
3.9
8.6
4.6
3.8
4.7
4.9
10.2
7.9
2.2
3.3
3.1
5.0
.7
4.3
3.9
4.0
6.1
3.6
2.4
3.8
3.9
8.6
5.2
3.2
3.6
3.3
7.8
4.8
2.9
4.0
4.1
Durable goods:
Current dollars
1972 dollars
Implicit price deflators
Chain price index
Fixed-weighted price index ..
14.1
12.1
1.8
2.2
2.5
13.9
13.1
.7
1.6
2.1
15.8
16.3
-.5
.2
.6
13.1
12.0
1.1
1.8
2.4
-4.2
36
-.6
.1
.7
11.9
14.1
-1.9
1.2
1.5
10.9
9.2
1.6
2.7
2.8
5.3
6.8
14
.1
.3
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index ..
5.8
3.7
2.1
2.2
2.0
6.9
4.6
2.2
2.9
2.9
9.2
4.1
4.9
5.7
5.8
8.4
10.3
17
.2
_ ^
1.5
-1.2
2.7
1.9
1.5
2.4
5
2.8
3.9
3.7
5.1
3.7
1.3
1.7
1.3
6.8
4.7
2.0
3.2
3.7
Services:
Current dollars
,
1972 dollars
Implicit price deflator
Chain price index
Fixed- weighted price index ..
9.4
3.4
5.8
6.1
6.2
8.5
3.2
5.1
5.3
5.4
6.2
1.2
5.0
5.3
5.2
10.9
4.6
6.0
6.1
6.2
10.5
3.8
6.4
6.5
7.0
7.3
3.3
3.9
4.5
4.7
10.6
5.0
5.4
5.2
5.1
9.2
4.2
4.8
5.6
5.5
13.7
13.7
35.2
31.2
78.0
71.6
2.0
-2.2
5.8
3.1
22
-3.5
Gross private domestic
investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
,
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed- weighted price index ..
Nonresidential:
Current dollars
1972 dollars
Implicit price deflator ...
Chain price index
Fixed-weighted price
index
Structures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price
index
Producers' durable
equipment:
Current dollars
1972 dollars
Implicit price deflator .
Chain price index
Fixed-weighted price
index
Residential:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price
index
Exports:
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Imports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
24.9 -14.3
24.9 -13.1
10.0
9.7
.3
.5
1.4
19.5
18.0
1.3
1.9
2.6
18.4
20.8
-2.0
1.3
2.0
20.6
16.2
3.8
4.5
6.1
10.6
9.3
1.2
2.6
3.1
7.0
5.3
1.7
1.6
1.5
3.4
-.1
3.5
1.5
1.1
13.3
12.7
.5
2.2
2.4
.9
2.5
-1.5
1.1
20.6
19.8
.7
1.2
16.5
20.6
-3.4
1.1
23.9
21.3
2.2
2.2
14.9
13.7
1.1
2.1
11.5
8.5
2.7
1.7
3.0
-1.6
4.6
2.4
15.3
14.5
.7
2.6
2.0
1.9
2.1
3.0
2.4
1.8
2.6
3.0
-8.7
78
16.0
15.6
17.2
23.2
24.1
21.3
3.8
2.0
18.3
17.2
13.2
9.5
13.8
9.2
10
-.6
.3
1.3
49
.6
2.3
4.8
1.8
1.2
1.0
2.1
3.4
3.5
4.3
4.1
3.7
4.2
-2.3
-5.6
16.2
16.6
1.2
2.3
2.3
5.0
1.4
2.2
7.6
7I
23.4
21.5
16.1
19.6
23.8
21.2
21.5
18.6
8.0
5.4
2.2
15
LI
-3.0
1.4
2.1
2.5
2.6
2.4
1.5
3.5
1.9
-.4
1.8
2.6
1.7
2.0
1.8
3.1
1.6
2.0
2.2
44.7
41.7
16.4
12.2
23.6
21.3
12.1
1.2
-.6
-4.6
-4.7
-5.5
4.6
5.3
7.4
6.4
2.1
-1.4
3.8
3.8
1.9
1.7
10.9
11.0
4.2
4.2
.8
1.2
-.7
-1.2
1.0
1.1
2
39
1.7
11.6
4.2
1.0
-1.4
1.3
-3.5
-5.5
2.1
2.0
1.7
84
4.7
3.5
2.9
2.8
15.6
11.4
3.7
2.9
2.7
4.0
— 5
4'.5
4.4
4.5
71
7.5
-'.*
-1.4
-1.6
-.7
-.9
-1.2
-1.6
69
-9.0
2.4
.6
.1
137
-15.1
1.6
.8
.7
4.6
7.6
-2.8
-2.0
24.4
26.9
-2.(
42.0
47 1
-3.5
21
10.9
8.0
2.6
2.0
41.5 -27.9
55.5 -28.3
.5
-9.0
-2.3
-2.7
11.8
32.3
15.5
5.4
6.1
.8
6.9
.2
NOTE.—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 (1972=100)
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
1985
1984
1984
I
II
II r
III
IV
I
-3.7
-3.0
-6.4
-.6
-.3
2.3
2.3
5.4
3
5.7
5.4
4.8
9.0
3.5
5.4
5.5
5.4
7.8
1.0
6.7
7.8
7.3
24.3
18.6
4.8
5.2
5.4
9.6
5.4
4.0
4.1
3.9
10.7
5.9
4.5
3.5
3.7
5.9
.3
5.6
6.7
7.0
10.0
3.7
6.1
4.0
4.2
4.2
6
4.8
4.2
3.5
9.5
5.4
3.9
4.3
4.1
2.0
28
5.0
8.0
7.3
50.5
45.2
3.7
3.7
3.8
7.8
6.2
1.5
1.6
1.4
19.4
15.2
3.6
.7
.9
5.4
.7
4.6
7.4
8.2
5.6
-.4
6.0
1.0
1.1
11.7
7.1
4.2
4.3
3.5
10.5
5.8
4.5
4.5
4.3
12.5
3.4
8.8
6.9
6.9
14.7
12.2
2.2
4.6
4.3
-.8
-2.3
1.5
1.4
.9
22.1
17.5
4.0
.2
.6
4.0
.2
4.2
7.4
7.6
12.8
7.2
5.2
1.5
1.5
Nondefense:
Current dollars
128
1972 dollars
-16.9
Implicit price deflator
4.9
Chain price index
4.1
Fixed-weighted price index ..
3.4
6.7 -29.1 277.9
4.5 -21.1
217.5
2.1 -10.2
19.0
3.8
.6
11.7
3.8
8.3
2.6
36.5
31.7
3.6
2.3
2.8
12.1
9.9
2.0
2.1
1.9
9.2
3.1
5.9
7.6
9.9
-12.3
-17.7
6.5
-.4
-.1
State and local:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index ..
6.2
.0
6.2
6.2
5.7
8.7
2.2
6.4
6.3
6.2
11.5
3.5
7.8
7.6
7.3
10.0
3.7
6.0
6.1
6.4
10.7
4.8
5.6
5.7
5.6
5.2
-.2
5.5
5.4
5.5
6.3
0
6.3
6.2
6.2
13.0
6.7
6.0
6.1
6.3
Gross domestic purchases:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
8.6
5.0
3.5
3.9
3.7
12.5
8.7
3.5
4.0
4.0
17.6
12.9
4.1
4.8
4.9
11.4
7.9
3.3
3.8
4.1
9.1
5.4
3.5
3.6
3.8
3.2
.9
2.3
3.3
3.4
7.6
3.9
3.5
3.9
3.7
6.5
3.2
3.3
3.6
3.8
Final sales:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
7.2
3.2
3.9
4.3
4.2
8.6
5.0
3.5
4.2
4.3
7.3
3.6
3.5
4.9
5.0
13.8
10.3
3.2
4.1
4.3
3.2
-1.0
4.2
4.1
4.1
11.4
7.9
3.3
3.7
3.7
5.2
-.3
5.6
4.7
4.4
7.1
4.6
2.4
3.9
4.0
Final sales to domestic purchasers:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
8.1
4.4
3.5
39
3.7
10.3
6.8
3.3
4.0
4.0
9.9
6.3
3.3
4.8
4.9
14.5
11.1
3.1
3.9
4.1
6.8
2.9
3.8
3.7
3.8
7.2
4.3
2.7
3.4
3.5
7.2
3.4
3.7
3.9
3.8
9.1
5.9
3.1
3.7
3.9
Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
7.8
3.8
3.8
4.3
4.2
11.1
7.1
3.8
4.2
4.3
15.2
10.3
4.4
49
5.0
11.5
7.9
3.3
4.1
4.3
5.4
1.4
3.9
3.9
4.0
7.7
4.8
2.8
3.6
3.6
6.0
.6
5.4
4.6
4.3
4.1
2.0
2.6
3.8
4.0
7.8
4.3
3.3
3.9
3.7
11.8
8.1
3.4
3.9
4.0
16.1
11.9
3.8
4.2
4.2
12.4
9.0
3.2
3.9
4.1
5.5
1.5
3.9
3.9
4.0
8.0
5.3
2.5
3.4
3.5
5.5
.5
4.9
4.1
3.6
4.4
2.2
2,2
3.6
3.7
8.5
4.9
3.5
4.1
11.7
8.1
3.3
13.1
9.8
3.0
13.4
10.0
3.1
5.4
1.0
4.4
7.9
4.6
3.1
6.3
.8
5.5
5.7
2.7
2.9
10.1
6.7
12.7
8.6
8.6
6.3
8.4
3.9
6.0
3.5
1.6
-1.6
11.2
8.2
Fixed-weighted price index
-2.9
Government purchases of goods
and services:
Current dollars
1972 dollars
Implicit price deflator
Chain price deflator
Fixed-weighted price index
Federal:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
,
National Defense:
Current dollars. ..
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Addenda:
Business:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nonfarm:
Current dollars
1972 dollars
Implicit price deflator .
Chain price index
Fixed-weighted price
index
Disposable personal
income:
Current dollars
1972 dollars
4.3
7.3
3.5
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, comparisons over any time span reflect only changes in prices.
15
SURVEY OF CURRENT BUSINESS
September 1985
Reconciliation and Other Special Tables
Table 1.—Relation of Net Exports of Goods and Services in the National Income and Products
Accounts (NIPA's) to Balance on Goods and Services in the Balance of Payments Accounts
(BPA's)
[Billions of dollars]
Seasonally
adjusted at
annual rates
1984
Line
1985
II
I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
17
18
19
20
21
Exports of goods and services BPA's
Less- Gold, BPA's
...
Statistical differences
Other items
1
Imports of goods and services BPA's
Less' Payments of income on U S Government liabilities
Gold, BPA's
Capital gains net of losses in direct investment income payments
Statistical differences 1
Other items
Plus- Gold NIPA's
Equals' Imports of goods and services NIPA's
.. .'.
Balance on goods and services, BPA's (1-7)
Less: Gold (2-9 + 13)
Capital gains net of losses in direct investment income (3-10)
Statistical differences (4-11)
Other items (5-12)
Plus: Payments of income on U.S. Government liabilities (8) .
Equals: Net exports of goods and services, NIPA's (6-14)
362.4
2.2
-8.4
3.1
1.2
364.3
355.8
1.9
-10.4
1.7
2.0
360.7
355.4
1.2
2.8
1.7
2.0
347.7
452.5
19.8
3.4
.7
.2
464.4
21.2
4.3
1.0
2.6
469.2
21.1
2.4
1.5
2.6
0
428.5
0
435.2
0
441.6
901
-1.2
91
3.0
1.2
19.8
-64.2
1086
-2.5
11 5
-.9
2.0
21.2
-74.5
-113.8
-1.2
1.3
-.9
2.0
21.1
-94.0
1. Consists of statistical revisions in the BPA's that have not yet been incorporated in the NIPA's.
NOTE.—Lines from the balance of payments accounts are revised and are as shown later in the SURVEY.
Table 2.—Real Gross National Product and National Income, Command Over Goods and
Services, and Related Series
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
1984
1984
II
GNP
1985
III
IV
I
II
Gross domestic purchases
Net exports of goods and services
National income
1,639.3
1,654.4
-15.0
1,308.5
1,638.8
1,650.2
-11.4
1,309.9
1,645.2
1,672.2
-27.0
1,316.0
1,662.4
1,675.8
-13.4
1,328.4
1,663.5
1,692.0
-28.4
1,325.2
1,671.3
1,705.1
-33.8
1,332.4
Command, GNP basis
Gross domestic purchases
Net exports of goods and services l .
Command, national income basis
1,630.2
1,654.4
-24.1
1,300.4
1,628.5
1,650.2
-21.8
1,300.6
1,637.8
1,672.2
-34.4
1,309.4
1,654.5
1,675.8
212
1,321.4
1,662.5
1,692.0
-29.5
1,324.3
1,668.6
1,705.1
-36.6
1,330.0
.3
1.9
-1.0
.9
1.9
1.5
2.2
1.7
Percent change from preceding period
GNP
Command, GNP basis
National income
Command, national income basis
Addendum:
Terms of trade 2
6.8
7.3
7.7
8.3
93.8
7.1
7.3
9.7
10.0
92.9
1.6
2.3
1.9
2.7
95.0
4.3
4.1
3.8
3.7
94.6
99.3
98.0
1. Equals current-dollar net exports of goods and services deflated by the implicit price deflator for imports of goods and
services.
2. Equals the ratio of the implicit price deflator for exports of goods and services to the implicit price deflator for imports of
goods and services.
By JOSEPH C. WAKEFIELD
Federal Budget Developments
"N August 30, the administration The mid-session review
mentioned, the revised estimates do
released revised estimates of the
not incorporate the resolution's nonThe
new
estimates
of
unified
fiscal year 1986 budget as part of its
defense spending totals, but the admid-session review. This release was budget receipts and outlays for fiscal ministration stated that these totals
years
1985
and
1986
reflect
revised
less than 1 month after Congress
may be modified as individual authoradopted the first concurrent resolu- economic assumptions, reestimates of ization and appropriation bills are entax
collections
and
agency
spending
tion on the budget—a step in the
acted. The revised receipt estimates
budget process that had been delayed based on more recent experience, leg- do not include the administration's
by controversy over the kind of spend- islation enacted by Congress, and tax reform proposal. According to the
ing cuts to be taken to reduce the def- policy changes by the administration administration, that proposal would
icit and that, even as adopted, was since the April budget update.
The major legislative action was not change the revenue totals very
considered by many analysts to be
much, although the allocation among
based on unrealistic assumptions the passage in early August of a sup- receipt categories would change.
plemental
appropriation
bill
for
fiscal
about the economy and the ability to
On the basis of the revised economachieve the negotiated spending cuts. year 1985. The major policy changes
(See the August 1985 SURVEY OF CUR- are the withdrawal of a proposed 5- ic assumptions, real GNP is expected
RENT BUSINESS for a discussion of the percent cut in Federal civilian pay to increase considerably less in calenresolution.) In the revised estimates, and acceptance of the lower national dar year 1985 than expected in April
the administration incorporated only defense spending in the resolution. As (table 1). From the fourth quarter of
the part of the spending cuts contained in the resolution that were for Table 1.—Economic Assumptions Underlying the Mid-Session Review Update of the Fiscal Year
national defense, maintained the
1986 Budget
deeper cuts for nondefense spending—
Calendar year
rejected by Congress in the resoluDifferences from
Actual
Estimates
tion—contained in the April budget
April
update, and made modest modifica1986
1984
1985
1983
1986
1985
tions to the economic assumptions.
Billions of dollars
With this combination of spending
cuts, the administration was able to GNP:
4,237
-48
3,906
-45
Current dollars .
3,305
3,663
show a larger reduction in the deficit
1,755
-16
1972 dollars
1,684
-17
1,535
1,639
in later years than was estimated Incomes:
3,442
6
Personal income
2,744
3,012
3,208
26
either in the April budget update or
1
2,066
1,927
3
Wages and salaries
1,804
1,659
270
23
-26
Corporate profits before taxes
228
203
236
in the resolution. Although the administration's revised estimates of the
Percent change from preceding year
deficit for fiscal years 1985 and 1986
in current dollars:
are very close to those in April, the GNP
-1.3
Annual average
6.6
8.5
7.7
10.8
-.1
-1.2
7.1
8.4
Fourth quarter
10.4
9.5
revised deficits are substantially
in 1972 dollars:
lower beginning in 1987. In 1987, the GNP
11
Annual average
4.2
.1
3.7
2.7
6.8
deficit would be $139.3 billion, comFourth quarter
3.0
4.0
.9
6.3
5.7
pared with $160.8 billion in April; in GNP deflator:
1
2
Annual average
3.8
4.1
3.8
3.8
1988, $99.8 billion, compared with
Fourth quarter
-.2
4.0
3.8
3.6
4.3
$108.9 billion; and in 1990, $17.7 bil- Consumer Price Index:
Annual average
-.3
-.1
3.0
3.4
4.2
3.8
lion, compared with $84.9 billion.
Fourth quarter
-.7
3.3
3.8
4.3
3.6
These reductions in the deficit since
Percent
April are more than accounted for by
the cuts in national defense spending Employment rate:
Annual average
.1
-.1
9.4
7.4
7.1
6.8
contained in the resolution. Compared
1
Fourth quarter
8.5
7.1
7.0
6.8
with the resolution, the administra- Insured unemployment rate:
tion's revised deficit of $177.8 billion
Annual average
3.9
.1
2.8
2.9
2.8
in 1986 is about $6 billion higher. In Interest rate:
5
91 -day Treasury bills
-.4
8.6
9.5
7.6
7.5
1987 and 1988, however, the adminis10-year Treasury notes
-.4
11.1
12.4
10.8
9.9
-.2
tration's revised estimates are about
1. Consumer Price Index for urban earners and clerical workers.
$15 billion and $13 billion lower than
2. Percent of labor force, including armed forces residing in the United States.
3.
unemployment under the State regular unemployment insurance program, excluding recipients of extended
in the resolution. (There were no esti- benefits,Insured
as percentage of covered employment under that program.
4.
Average
rate
new issues within a year. The estimates assume, by convention, that interest rates vary with the rate of
mates for 1989 and 1990 in the resolu- inflation. They do notonrepresent
a forecast of interest rates.
Source: "Mid-Session Review of the 1986 Budget."
tion.)
Digitized for16
FRASER
1
2
3
4
September 1985
SURVEY OF CURRENT BUSINESS
17
Table 2.—Federal Government Receipts and Expenditures
1984 to the fourth quarter of 1985,
[Billions of dollars]
real GNP is estimated to increase 3.0
percent, about 1 percentage point less
Fiscal year
than estimated in April. The lower
Estimates
growth is the result of a weaker-than1985
1986
expected first half of 1985. Real GNP
Actual
DifferDiffer1984
is expected to increase 4.5-5.5 percent
ence
ence
Aug.
Apr.
Apr.
Feb.
Feb.
Aug.
from
from
through the rest of 1985 and to inApr.
Apr.
crease 4.0 percent through 1986. ConUnified budget
sumer prices rise 3.8 percent in 1985,
779.8
-14.4
794.3
.
740.6
736.0
793.7
736.9
46
666.5
the same as assumed in April. The Receipts
971.7
957.7
140
Outlays
953.9
947.3
-6.6
973.7
851.8
959.1
unemployment rate is also un-.4
2113
2.0 -180.0 -177.4 -^177.8
Surplus or deficit ( )
1853 -222.2 -213.3
changed, and interest rates on 91-day
National income and product accounts
Treasury bills are lower than as- Receipts
808.6
-16.8
826.6
825.4
762.0
758.1
-3.9
687.6
758.5
sumed earlier.
365.0
-3.2
368.2
341.5
345.0
368.8
Personal tax and nontax receipts
303.2
340.6
3.5
81.7
-11.1
78.3
71.7
93.1
92.8
Corporate profits tax accruals
70.1
75.7
-6.6
Revised unified budget estimates.—
55.0
-1.7
56.3
56.7
.4
57.1
56.7
Indirect business tax and nontax accruals
55.2
56.1
306.9
-.8
307.7
Contributions for social insurance
285.9
284.8
-1.1
307.6
For fiscal year 1985, a $211.3 billion
259.1
286.1
deficit is estimated, compared with Expenditures
978.1
992.7
990.2
12.1
945.0
945.8
.8
857.9
948.5
$213.3 billion in April (table 2). Re342.7
12.2
354.9
326.7
326.4
-.3
354.9
Purchases of goods and services
285.2
326.8
271.7
254.6
-17.1
241.5
238.4
-3.1
271.7
National defense
215.4
241.5
ceipts are $4.6 billion lower; a down88.1
4.9
83.2
83.2
Nondefense
85.2
88.0
2.8
69.8
85.3
ward revision of $4.9 billion due to re1.7
388.5
Transfer payments
370.4
371.1
.7
387.5
386.8
348.4
371.2
376.5
-.4
360.0
-.2
377.6
376.9
To persons
340.7
360.2
361.0
vised economic assumptions and
11.9
2.1
10.2
9.9
9.8
To foreigners
7.7
10.2
11.1
.9
policy changes is partly offset by a
Grants-in-aid to State and local govern$0.4 billion upward revision due to
7
.6
98.4
96.1
96.3
96.9
ments
90.8
99.1
100.0
137.0
142.8
140.8
-3.8
Net interest paid
109.7
128.0
128.1
129.6
.1
reestimates. Among receipts, downSubsidies less current surplus of governward revisions in corporation income
13.0
11.4
11.4
1.6
ment enterprises
23.9
20.6
21.6
1.0
20.8
taxes ($7.6 billion) and in excise taxes
1
1
1
1
Less: Wage accruals less disbursements .
($1.3 billion) are partly offset by
Surplus or deficit (— )
-170.3 -190.0
166 1 -164.8 -169.5
-4.7
183.0
1876
-4.6
upward revisions in individual income
Sources:
"Mid-Session
Review
of
the
1986
Budget"
and
the
Bureau
of
Economic
Analysis.
taxes ($2.3 billion), in social insurance
taxes and contributions ($1.2 billion),
and in all other receipts ($1.0 billion). ance ($1.0 billion); the 1985 supple-the same reasons cited for 1985. The
Outlays in 1985 are $6.6 billion mental appropriations bill increased other large upward revision—$1.0 billion—is for foreign military assistance
lower; downward revisions of $6.8 bil- aid to Egypt, Israel, and Jordan.
For fiscal year 1986, a deficit of to offset the lower rate of spending in
lion and $0.8 billion due to reestimates and revised economic assump- $177.8 billion is estimated, compared 1985.
Revised NIPA estimates.—BEA has
tions were partly offset by a $1.1 bil- with $177.4 billion in April. Receipts
lion upward revision due to policy are $14.4 billion lower due to revised prepared estimates of the Federal
changes. On a program-by-program economic assumptions. All categories sector on the national income and
basis, the revision is the net of $14.6 of receipts—except estate and gift product account (NIPA) basis consistbillion of downward revisions and $8.2 taxes and customs duties, which are ent with the revised unified budget
billion of upward revisions. The larg- unchanged—are revised down. The estimates (table 2, and table 3 for the
est downward revision—$5.2 billion— largest revisions are for corporation quarterly pattern). On this basis,
is for national defense, largely the income taxes ($8.2 billion) and indi- fiscal year 1985 receipts are $3.9 billion lower, expenditures are $0.8 bilresult of a reestimate. Other major vidual income taxes ($2.2 billion).
Outlays in 1986 are $14.0 billion lion higher, and the deficit is $4.6 bildownward revisions are for foreign
military assistance ($1.3 billion), lower; downward revisions of $14.7 lion higher than estimated in April.
Social Security benefits ($1.1 billion), billion and $2.9 billion due to policy (Details of the April estimates are disand for the Export-Import Bank ($1.0 changes and revised economic as- cussed in the April 1985 SURVEY.)
The revision in receipts is more
billion). One-half of the upward revi- sumptions are partly offset by a $3.6
sions is due to reestimates of spending billion upward revision due to reesti- than accounted for by corporate proffor agriculture programs—$2.4 billion mates. On a program-by-program its tax accruals; a downward revision
for the Farmers Home Administra- basis, the revision is the net of $26.1 of $6.6 billion is due to lower corpotion and $1.8 billion for the Commodi- billion of downward revisions and rate profits in the revised economic
ty Credit Corporation (CCC). The $12.0 billion of upward revisions. The assumptions. The other downward reformer stems primarily from the Ag- largest downward revision—$18.6 bil- vision—$1.1 billion—is in contriburicultural Credit Insurance Fund as a lion—is for national defense; it more tions for social insurance, due to
result of reduced loan repayments than accounts for the policy changes small revisions in several programs.
and the refinancing of many loans at mentioned above. The other large Partly offsetting these downward relower interest rates. The latter stems downward revision—$3.1 billion—is visions are upward revisions in perfrom unexpectedly high crop produc- for net interest, due to lower interest sonal tax and nontax receipts ($3.5
tion this year, which has resulted in rates in the revised economic assump- billion) and in indirect business tax
lower farm prices and higher CCC tions. The largest upward revisions and nontax receipts ($0.4 billion). The
spending. The other major upward re- are for the CCC ($2.9 billion) and for former is partly due to higher wages
vision is for foreign economic assist- foreign economic assistance, both for and salaries in the revised economic
484-873 0 - 8 5 - 2 : OL 3
18
September 1985
SURVEY OF CURRENT BUSINESS
Table 3.—Federal Government Receipts and Expenditures, NIPA Basis
[Billions of dollars, seasonally adjusted at annual rates]
Calend.ir year
]Estimates
Actual
1984
19 35
I
IV
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Expenditures
19 85
1986
II
III
IV
I
II
III
721.9
771.4
7339
770.1
792.8
811.8
818.5
829.6
3279
69.1
559
2690
3622
674
564
2853
3183
661
607
2889
3524
71 1
552
2915
3667
746
543
297 1
3658
830
559
307 1
3679
839
557
3110
3757
853
542
3144
919.7
936.5
9480
9656
9723
971 8
9798
988 1
Purchases of goods and services
National defense -.
Nondefense
3157
2316
841
3199
2339
859
3242
241 1
832
3401
2458
943
3420
2490
930
3387
2525
862
3429
2564
865
3472
2605
867
Transfer payments
To persons
To foreigners
3604
3472
131
3703
363 1
72
3698
3616
82
3757
3666
91
3782
3672
11 0
3889
3769
120
3920
3796
124
3946
3822
124
Grants-in-aid to State and local governments
Net interest paid
970
1264
951
128.2
981
1328
101 2
1338
998
135.7
955
136.6
957
137.4
960
138.3
207
23 1
221
148
166
121
118
120
5
1
-10
1978
-1651
214 1
1955 — 1795
-1600
Subsidies less current surplus of government enterprises
Less: Wage accruals less disbursements
Surplus or deficit (— )
assumptions, and the latter is due to
higher nuclear waste disposal fees.
The revision in expenditures is the
net result of $4.8 billion of upward revisions and $4.0 billion of downward
revisions. The largest upward revision—$2.8 billion—is in nondefense
purchases of goods and services, reflecting higher purchases of agricultural commodities by the CCC. The
other large upward revisions are in
subsidies less current surplus of government enterprises ($1.0 billion) and
in transfer payments to foreigners
($0.9 billion). The revision in subsidies
less current surplus reflects higher
housing subsidies and a higher Postal
Service deficit. The revision in foreign
transfers reflects higher spending for
economic assistance. The largest
downward revision—$3.1 billion—is in
national defense purchases of goods
and services, due to lower-than-anticipated spending since April. The other
downward revisions are in grants-inaid to State and local governments
($0.7 billion) and in transfer payments
to persons ($0.2 billion). The revision
in grants-in-aid is concentrated in
grants for education; the revision in
personal transfers is the net result of
a $1.0 billion downward revision in
Social Security benefits and small
upward revisions in several other programs.
For fiscal year 1986, receipts are
$16.8 billion lower, expenditures are
$12.1 billion lower, and the deficit is
-1613 — 1585
$4.7 billion higher. All categories of
receipts are revised down. The largest
revision—$11.1 billion in corporate
profits tax accruals—is due to lower
corporate profits. Personal tax and
nontax receipts are revised down $3.2
billion, reflecting lower declarations
and net final settlements. Indirect
business tax and nontax accruals are
revised down $1.7 billion, reflecting
lower windfall profit taxes and other
excise taxes, such as for gasoline. Contributions for social insurance are revised down $0.8 billion, reflecting
lower Social Security contributions.
Table 4.—Relation of Federal Government Receipts in the National Income and Product
Accounts to the Unified Budget
The revision in expenditures is the
net result of $21.3 billion of downward revisions and $9.2 billion of
upward revisions. The largest downward revision—$17.1 billion for national defense purchases of goods and
services—is due to the policy decision
to accept the lower national defense
spending contained in the budget resolution. Net interest paid is revised
down $3.8 billion, reflecting the lower
interest rates in the revised economic
assumptions. Transfer payments ^to
persons are revised down $0.4 billion,
reflecting lower medicare transfers.
The largest upward revision—$4.9 billion in nondefense purchases of goods
and services—reflects higher spending
by the CCC and withdrawal of the 5percent civilian pay cut. Transfer payments to foreigners are revised up
$2.1 billion due to the Congressional
action on foreign economic assistance
programs. Subsidies less the current
surplus of government enterprises are
revised up $1.6 billion, largely reflecting higher housing subsidies and a
higher CCC deficit. Grants-in-aid to
State and local governments are revised up $0.6 billion, reflecting higher
grants for education.
Table 4 shows the relation between
unified budget and NIPA receipts,
and table 5 shows the relation between unified budget and NIPA expenditures.
Table 5.—Relation of Federal Government Expenditures in the National Income and Product Accounts to the Unified Budget
[Billions of dollars]
Fiscal year
[Billions of dollars]
1984
Fiscal year
1984
Unified budget receipts
Less: Coverage differences
Plus: Netting differences:
Contributions to government
employees retirement funds....
Other
Timing differences:
Corporate income tax
Federal and State
unemployment insurance
taxes
Withheld personal income .tax
and Social Security
Excise taxes
Other
1985
1986
666.5 736.0 779.8
1.8
13.1
1.9
2.1
i-2.3
14.7
15.1
14.2 ' 16.3
-1.9
-6.6
-2.9
-.4
-.3
.5
.2
-.7
2.9
-.8
1.5
.2
687.6 758.1
808.6
1986
851.8 947.3 957 7
Unified budget outlays
Less: Coverage differences:
Geographic
Other
Financial transactions:
Net lending
Other
Net purchases of land:
Outer Continental Shelf
Other
50
.2
52
.2
52
-1.2
18.2
_l
30.3
-1 5
12.4
-18
-35 -19
.1
.3
-30
.2
Plus: Netting differences:
Contributions to government
employees retirement funds....
Other
13.1
12.3
14.7
14.2
15.1
16.3
Timing differences:
National defense purchases
Other
2.2
17
3.9
-19
2.4
18
2
2
1
Miscellaneous
Equals: Federal Government receipts,
NIPA's
1985
Equals: Federal Government
expenditures, NIPA's .
. . . .
857.9 945.8 978.1
By EUGENE P. SESKIN and DAVID F. SULLIVAN
Plant and Equipment Expenditures,
of the Four Quarters of 1985
BUSINESS plans to spend $384.0
billion for new plant and equipment
(P&E) in 1985, 8.3 percent more than
in 1984, according to the BEA survey
conducted in July and August (tables
1 and 2, and chart I).1 Spending was
$354.4 billion in 1984, 16.3 percent
more than in 1983.
The latest estimate of planned
spending for 1985 is $2.1 billion lower
than that reported in the survey conducted in April and May. A 1.6-percent downward revision in manufacturing industries more than offset a
0.2-percent upward revision in nonmanufacturing industries. The previous survey showed planned spending
of $386.1 billion for 1985, 9.2 percent
more than 1984 spending.2
Real spending—capital spending adjusted to remove price changes—is estimated to increase 5.8 percent in
1985. Real spending increased 15.3
percent in 1984, following a decline of
0.8 percent in 1983 (tables 2 and 3).
Estimates of real spending are computed from survey data on current1. The survey covers expenditures both for new facilities and for expansion or replacement of existing
facilities that are chargeable to fixed asset accounts
and for which depreciation or amortization accounts
are ordinarily maintained. The survey excludes expenditures for land and mineral rights; maintenance
and repair; used plant and equipment, including that
purchased or acquired through mergers or acquisitions; assets located in foreign countries; residential
structures; and a few other items.
The estimates presented are universe totals of P&E
expenditures in the United States based on sample
data compiled from reports on a company basis, not
from separate reports for plants or establishments. A
company's capital expenditures are assigned to a
single industry in accordance with the industry classification of the company's principal product or service.
P&E expenditures differ from nonresidential fixed
investment, which is a component of GNP, in type of
detail, data sources, coverage, and timing. For further
information, see pages 24-25 of the February 1985
SURVEY OF CURRENT BUSINESS.
2. Spending plans have been adjusted for systematic
reporting biases. Quarterly estimates were adjusted
for each industry, for each quarter of the year, based
on the median of the ratios of planned to actual
spending for that quarter in the preceding 8 years.
Before adjustment, planned spending for 1985 was
$384.43 billion for "all industries," $157.93 billion for
manufacturing, and $226.50 billion for nonmanufacturing. The net effect of the adjustments was to lower
manufacturing: $4.48 billion and to raise nonmanufacturing $4.03 billion.
Table 1.—New Plant and Equipment Expenditures by Business:
Percent Change From Preceding Year
1983
1984
Actual
Actual r
AH industries 5
...
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables
. . .
.
Planned
2
Planned 3
Planned 4
8.3
9.2
19
16.3
8.2
8.7
195
104
11.0
12.7
10.5
-4.1
124
-14.1
-84
-9.0
38
.5
98
-6.2
147
-45
-4.8
24.8
18.4
8.9
226
22.5
279
14.1
428
53.7
227
11.6
22.2
12.9
102
16.3
-16
.5
143
9.7
202
28.7
34
4.8
12.4
13.7
110
13.3
1.2
6.8
135
6.6
261
38.2
4
.7
13.3
14.1
8.1
11.8
-4.0
3.6
14.8
10.0
23.0
31.1
68
4.1
16.7
11.1
6.6
10.4
-6.2
2.6
10.2
4.5
20.6
29.0
3.7
8.4
15.6
-3.4
-11.0
62
5.8
23
-12.3
13.7
120
15.0
13.3
23.7
21.8
183
10.3
26.2
148
8.1
15.1
-5.5
12.8
100
6.8
12.7
.9
8.5
17.0
2.2
9.6
13.3
2.4
10.6
9.3
11.5
16.6
8.1
12.5
10.4
5.3
20.9
20.8
10.0
14.6
2.5
13.8
10.8
5.5
17.1
13.6
.7
14.3
6.9
7.3
7.0
6.9
242
-5.6
85
-4.2
37
-10
3.2
-174
4.4
110
18.3
391
-18.3
306
5.6
-.6
356
17.7
1.0
4.7
68
8.5
.4
2.0
-2.7
18.9
9.6
-2.3
6.3
85
8.6
2.5
2.1
-2.6
19.1
10.4
-4.9
7.0
86
15.1
.6
.7
-5.0
21.4
10.6
-4.7
6.4
6.7
19.9
-1.9
1.3
-4.1
20.2
10.4
Nonmanufacturing 5
Mining
Transportation
Railroad
Air
Other
Public utilities
Electric
Gas and other
Commercial and other
l
37
Manufacturing
Durable goods
Primary metals 6..
Blast furnaces, steel works
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery, except electrical
Transportation equipment 6
Motor vehicles ...
.
.
Aircraft
Stone, clay and glass
Other durables
19 85
Planned
r
Revised.
1. Plans reported by business in October and November 1984.
2. Plans reported by business in January through March 1985.
3. Plans reported by business in April and May 1985.
4. Plans reported by business in July and August 1985.
5. Surveyed quarterly.
6. Includes industries not shown separately.
dollar spending and from estimated
capital goods price deflators developed
by BEA.3 The capital goods price deflator for "all industries" increased
0.9 percent in 1984 and is projected by
BEA to increase 2.4 percent in 1985.
Current-dollar spending in the
second quarter of 1985 increased 4.5
percent, to an annual rate of $387.8
billion, following a 0.8-percent increase in the first; second-quarter
spending was 0.7 percent higher than
anticipated in the previous survey.
3. Specifically, the current-dollar figures reported by
survey respondents are adjusted using implicit price
deflators derived from unpublished detailed estimates
in the national income and product accounts of current- and constant-dollar nonresidential fixed investment (adjusted to a P&E basis). To estimate planned
real spending, the implicit price deflator for each industry is projected using its growth rate over the
latest four quarters for which it is available.
Plans reported in the latest survey indicate a 0.4-percent increase in the
third quarter and a 0.5-percent decline in the fourth.
Real spending increased 4.4 percent
in the second quarter of 1985, following a 0.4-percent decline in the first.
Estimates indicate declines of 0.4 percent in the third quarter and 0.8 percent in the fourth.
The estimates for 1982-84 in this article reflect revised seasonal-adjustment
factors; estimates for earlier years were
not affected. Revised annual estimates
for 1984 were calculated from quarterly
estimates unadjusted for seasonal variations. The previously reported annual
estimates for 1984 were calculated from
seasonally adjusted quarterly estimates
derived using projected seasonal-adjustment factors.
19
Table 2.—New Plant and Equipment Expenditures by Business in Current and Constant Dollars
Billions of dollars; quarters seasonally adjusted at annual rates
1982
1983
1984
l
1985
1982
2
I
AH industries 4
Manufacturing
II
3
HI
1983
IV
I
II
3
HI
1984
IV
I
II
3
III
1985
IV
I
II
III 2
IV 2
310.58 304.78 354.44 383.98 322.24 316.65 305.06 298.32 289.36 295.24 308.79 325.75 337.95 349.97 361.48 368.29 371.16 387.83 389.54 387.40
120.68 116.20 138.82 153.44 127.10 123.81 118.42 113.35 111.32 112.73 116.70 124.05 129.91 135.96 142.44 146.96 145.65 154.33 157.82 155.98
Durable goods .. .
Primary metals 5. .. .
Blast furnaces, steel works
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery, except electrical
Transportation equipment5
Motor vehicles
Aircraft .
Stone, clay, and glass
Other durables 6
55.35
6.89
3.78
1.90
3.08
11.01
13.44
12.56
7.77
3.41
2.90
5.47
53.08
6.03
3.25
1.74
2.80
11.42
13.50
11.33
7.29
2.91
2.77
5.21
66.24
7.15
3.54
2.13
3.44
14.61
15.41
16.18
11.20
3.57
3.09
6.37
73.58
7.62
3.91
2.00
3.53
16.11
16.11
19.52
14.45
3.70
3.35
7.36
57.95
7.81
4.29
2.16
3.48
11.00
13.40
13.30
8.28
3.47
3.07
5.89
57.65
7.80
4.21
2.14
3.15
11.30
14.25
12.62
7.77
3.48
3.07
5.46
54.61
6.47
3.66
1.75
2.75
11.04
13.46
12.64
7.67
3.59
2.83
5.42
51.18
5.47
2.97
1.53
2.95
10.69
12.64
11.68
7.38
3.10
2.64
5.11
50.67
5.89
3.16
1.72
2.61
10.94
12.98
10.81
6.70
2.96
2.56
4.87
50.12
5.54
3.05
1.53
2.73
10.58
12.93
10.42
6.55
2.76
2.70
5.23
53.96
6.34
3.53
1.77
2.93
11.72
13.56
11.35
7.32
3.00
2.81
5.26
57.58
6.37
3.25
1.92
2.96
12.45
14.55
12.75
8.59
2.93
3.02
5.48
61.23
6.67
3.33
2.03
3.10
13.55
14.32
14.58
9.99
3.19
3.09
5.91
64.03
6.89
3.46
1.99
3.39
14.31
14.88
15.43
10.64
3.35
3.01
6.12
68.26
7.17
3.50
2.13
3.55
15.12
16.29
16.26
11.23
3.59
3.12
6.76
71.43
7.86
3.87
2.36
3.71
15.47
16.14
18.44
12.92
4.17
3.15
6.68
69.87
7.62
3.92
2.00
3.42
15.58
15.86
17.08
12.02
3.53
3.20
7.12
73.96
7.44
3.92
1.76
3.31
17.09
16.31
18.86
14.14
3.37
3.43
7.52
75.81
7.91
4.11
2.10
3.61
16.55
16.35
20.70
15.52
3.79
3.40
7.28
74.68
7.49
3.68
2.13
3.77
15.21
15.90
21.43
16.13
4.13
3.37
7.51
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables 7
65.33
8.74
1.46
5.60
12.66
26.39
2.16
8.31
63.12
7.78
1.55
5.92
12.96
23.14
2.46
9.30
72.58
8.82
1.92
7.21
15.32
25.53
3.11
10.68
79.86
10.11
1.87
8.21
16.97
26.93
3.64
12.14
69.16
9.16
1.54
5.70
13.48
28.10
2.24
8.93
66.16
8.72
1.45
5.59
13.20
26.77
2.24
8.20
63.81
8.33
1.34
5.60
12.36
25.89
2.13
8.17
62.17
8.78
1.51
5.50
11.59
24.79
2.05
7.95
60.65
7.53
1.43
5.73
12.29
23.30
2.11
8.25
62.61
7.71
1.42
5.98
12.56
23.33
2.51
9.10
62.74
7.73
1.57
5.96
13.00
22.45
2.49
9.55
66.48
8.16
1.78
6.02
13.98
23.48
2.73
10.33
68.68
8.07
1.87
6.49
14.95
23.66
2.99
10.65
71.93
8.63
1.99
6.82
14.85
26.44
2.76
10.45
74.18
9.32
2.02
7.38
15.36
26.64
3.17
10.29
75.53
9.27
1.81
8.14
16.12
25.38
3.51
11.31
75.78
9.41
2.01
7.76
16.43
25.44
3.36
11.37
80.36
10.40
1.86
8.10
16.90
27.69
3.58
11.83
82.02
10.55
1.85
8.22
16.88
28.37
3.92
12.23
81.30
10.07
1.76
8.75
17.68
26.24
3.69
13.11
Nonmanufacturing 4
Mining
Transportation
Railroad
Air . .
Other
Public utilities
Electric
Gas and other
Commercial and other
Wholesale and retail trade
Finance and insurance
Personal and business services 8
Communication
Addenda: 9
Total nonfarm business 10
Manufacturing
Nonmanufacturing
Surveyed quarterly 11
Surveyed annually
189.89 188.58 215.61 230.54 195.13 192.84 186.64 184.98 178.04 182.51 192.09 201.70 208.04 214.01 219.04 221.33 225.51 233.51 231.71 231.42
15.81
16.32
16.51
15.66
20.05 15.19 16.86
16.08
16.56
16.34
17.00
23.44 21.93
18.25
14.69
14.17
15.59
17.24
16.38 16.82
16.22
17.50
19.00
17.55
14.79
17.57
13.08
15.24
16.28
13.97
16.52
14.03
14.61
13.51 14.04
15.29
17.01
17.49
15.56
14.96
7.48
8.06
7.43
6.02
7.24
6.44
5.33
4.88
6.79
4.76
5.08
3.88
4.38
5.20
6.06
7.34
7.31
5.95
5.55
6.06
3.66
4.86
4.39
4.20
3.65
4.55
4.36
3.56
4.28
4.74
5.19
4.92
4.71
3.67
3.72
4.02
4.26
4.16
3.35
3.53
6.37
6.09
5.74
6.18
6.01
4.90
6.17
6.05
4.34
6.47
4.72
5.59
5.15
4.53
4.28
4.43
4.68
5.51
5.87
6.14
45.43 44.96 47.48 48.08 43.93 45.03 46.16
46;58 44.69 44.46 44.68 46.02 47.08 47.94 47.92 46.92 48.46 48.47 48.40 47.00
36.11 37.27 37.03 35.53 34.29 35.44 36.98 37.71
36.45 37.19
37.52 37.90 38.27 37.79 36.63 35.40 36.65 36.04 35.29 34.13
13.11 12.87
11.81 12.43
9.32
7.70
10.44
8.13
11.28 11.52
12.56
9.64
9.58
9.18
8.87
8.24
7.27
7.15
8.81 10.16
109.63 114.45 134.75 148.81 112.20 110.92 108.21 107.22 105.58 110.37 117.79 124.09 128.42 132.67 136.80 141.13 145.17 151.02 148.00 151.05
51.67
46.73
49.31
30.35 37.03 44.93
31.34
40.50
44.21
45.63
32.90 35.94 38.78
43.18
29.98 29.76 30.33
37.46
27.22 28.39 33.91
26.83 26.36 26.94 29.67 30.63 32.38 34.14
33.75 35.39 36.51
27.49 27.49 27.10
25.93 24.99 28.70
26.40 28.67 28.19
29.33 28.63 28.84 28.70
27.81
27.13
24.65 24.13
22.96 24.40 26.16
30.38 30.50 33.19
26.12
28.10
24.05 27.21
26.54 26.12
24.92 23.36 23.09 23.18
26.56 24.19
26.13
26.91
347.47
120.68
226.79
189.89
36.89
343.35
116.20
22715
188.58
3856
398.99
138.82 153.44 127.10 123.81 i 18.42 113.35 111.32 112.73 116.70 124.05 129.91 135.96 142.44 146.96 145.65 154.33 157.82 155.98
26016
215.61 230.54 195.13 192.84 i'86.64 184.98 178.04 182.51 192.09 201.70 208.04 214.01 219.04 221.33 225.51 233.51 231.71 231.42
4455
Billions of 1972 dollars; quarters seasonally adjusted at annual rates 12
All industries4
147.51 146.36 168.73 178.47 153.85 149.82 145.18 141.17 138.73 142.73 149.12 154.88 161.97 166.69 171.92 174.21 173.52 181.10 180.35 178.92
54.24
53.67
64.27
69.38
57.29
55.42
53.35
50.85
51.03
52.29
54.34
57.01
60.54
62.79
65.90
67.80
66.26
70.02
71.10
70.13
Durable goods
Primary metals 5
Blast furnaces, steel works . . .
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery, except electrical
Transportation equipment 5
Motor vehicles
Aircraft
Stone, clay, and6 glass
Other durables
27.92
3.25
1.80
.86
1.52
5.99
7.04
5.90
3.78
1.59
1.36
2.85
27.05
2.85
1.55
79
1.39
6.17
7.15
5.46
3.56
1.43
1.31
2.72
33.28
3.33
1.67
96
1.67
7.76
8.06
7.76
5.39
1.79
1.44
3.26
35.98
29.42
3.72
2.07
.99
1.73
6.08
7.09
6.26
4.05
1.61
1.45
3.09
28.90
3.66
2.00
.97
1.54
6.13
7.41
5.89
3.75
1.61
1.44
2.82
27.55
3.05
1.74
.79
1.35
5.98
7.04
5.96
3.72
1.69
1.33
2.84
25.80
2.56
1.41
.69
1.45
5.76
6.61
5.51
3.59
1.45
1.24
2.67
25.90
2.79
1.52
.78
1.30
5.95
6.89
5.19
3.29
1.43
1.21
2.57
25.79
2.64
1.47
.70
1.36
5.77
6.91
5.06
3.23
1.37
1.28
2.77
27.53
2.99
1.69
.81
1.45
6.32
7.19
5.51
3.58
1.50
1.33
2.74
28.97
2.98
1.54
.87
1.45
6.64
7.62
6.07
4.15
1.42
1.41
2.80
30.95
3.14
1.59
.92
1.52
7.24
7.53
7.02
4.84
1.59
1.45
3.04
32.20
3.22
1.64
.90
1.65
7.60
7.79
7.41
5.13
1.67
1.41
3.13
34.34
3.34
1.65
.96
1.73
8.02
8.52
7.81
5.41
1.80
1.45
3.47
35.59
3.63
1.81
1.05
1.79
8.15
8.37
8.81
6.17
2.07
1.45
3.39
34.32
3.48
1.81
.88
1.63
8.09
8.10
8.01
5.66
1.72
1.46
3.55
36.40
3.40
1.81
.77
1.57
8.89
8.35
8.87
6.67
1.65
1.56
3.76
37.00
36.21
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum ...
Rubber
Other nondurables 7
26.32
4.25
.69
2.73
6.00
7.25
1.06
4.33
26.62
3.78
.72
2.87
6.23
6.96
1.20
4.86
30.99
4.22
.88
3.43
7.35
8.12
1.49
5.50
33.40
27.88
4.50
.74
2.82
6.42
7.60
1.11
4.70
26.53
4.22
.68
2.72
6.23
7.34
1.09
4.24
25.80
4.05
.63
2.73
5.88
7.20
1.04
4.25
25.05
4.24
.71
2.66
5.47
6.85
1.00
4.13
25.14
3.67
.67
2.79
5.90
6.73
1.04
4.33
26.50
3.77
.67
2.91
6.08
7.05
1.24
4.78
26.81
3.76
.73
2.88
6.28
6.97
1.21
4.98
28.03
3.92
.82
2.88
6.66
7.08
1.32
5.35
29.59
3.90
.86
3.12
7.22
7.50
1.45
5.54
30.59
4.13
.91
3.26
7.15
8.43
1.33
5.39
31.56
4.45
.92
3.51
7.37
8.50
1.52
5.29
32.21
4.39
.82
3.84
7.66
8.05
1.67
5.78
31.93
4.40
.90
3.62
7.71
7.99
1.58
5.74
33.62
4.84
.83
3.77
7.91
8.65
1.68
5.94
34.11
33.92
93.27
92.70 104.46 109.10
96.55
94.39
91.84
90.31
87.70
90.44
94.78
97.87 101.43 103.90 106.02 106.41 107.26 111.09 109.25 108.79
5.23
6.87
19.82
61.35
15.96
16.82
13.23
15.34
4.37
6.40
19.18
62.74
19.16
17.62
12.56
13.40
5.10
7.41
19.90
72.05
22.43
20.77
14.10
14.76
6.05
7.26
19.42
63.82
15.94
17.38
14.26
16.23
5.69
6.95
19.70
62.05
15.59
16.89
13.85
15.72
4.82
6.57
20.09
60.36
15.95
16.64
12.59
15.17
4.37
6.69
20.05
59.20
16.35
16.39
12.21
14.25
4.03
5.99
19.26
58.43
17.17
16.37
11.65
13.23
4.10
6.24
19.08
61.02
18.83
16.87
12.35
12.98
4.61
6.47
19.05
64.65
20.08
18.47
13.17
12.93
4.76
6.92
19.34
66.85
20.56
18.78
13.04
14.47
5.18
6.97
19.88
69.39
21.92
19.95
14.27
13.26
4.99
7.69
20.14
71.08
22.11
20.91
13.87
14.19
5.10
7.79
20.06
73.07
22.74
20.76
14.35
15.22
5.10
7.17
19.50
74.64
22.93
21.47
13.90
16.34
4.69
7.10
20.05
75.43
23.81
21.59
13.77
16.26
4.91
7.63
20.09
78.45
24.89
22.30
13.62
17.64
4.84
8.21
20.00
76.20
4.65
7.52
19.35
77.27
60.54
62.79
65.90
67.80
66.26
70.02
71.10
70.13
Manufacturing
Nonmanufacturing 4
Mining
Transportation
Public utilities
Commercial and other
Wholesale and retail trade
Finance and insurance
Personal and business services 8
Communication
Addenda: 13
Total nonfarm business 10
Manufacturing
Nonmanufacturing
Surveyed quarterly
Surveyed annually *1
4.77
7.61
19.87
76.84
168.24 16774 193 16
54.24 53.67 64.27 69.38
114.01 114.07 128.89
93.27 92.70 104.46 109.10
2074 2138 2443
57.29
55.42
53.35
50.85
51.03
52.29
54.34
57.01
96.55
94.39
91.84
90.31
87.70
90.44
94.78
97.87 101.43 103.90 106.02 106.41 107.26 111.09 109.25 108.79
1. Revised annual estimates for 1984 are calculated from quarterly estimates unadjusted for
seasonal variations. The previously reported annual estimates for 1984 were calculated from seasonally adjusted quarterly estimates derived using projected seasonal-adjustment factors.
2. Estimates are based on planned capital expenditures reported by business in July and
August 1985. The planned expenditures are adjusted for systematic biases in reporting. The adjustment procedures are described in the February 1985 SURVEY OF CURRENT BUSINESS. Before
bias adjustment, current-dollar plans for 1985 were $384.43 billion for "all industries," $157.93
billion for manufacturing, and $226.50 billion for nonmanufacturing industries surveyed quarterly3. Quarterly estimates for 1982-84 reflect seasonal-adjustment factors that have been revised to
incorporate data for recent periods and to ensure that the sum of the seasonally adjusted quarters equals the annual estimate for each year.
4. Surveyed quarterly.
5. Includes industries not shown separately.
6. Consists of lumber, furniture, instruments, and miscellaneous.
7. Consists of tobacco, apparel, printing-publishing, and leather.
8. Includes construction.
9. The latest estimates for the industries surveyed annually were published in the April 1985
SURVEY. The current-dollar plans for 1985 were $433.06 billion for total nonfarm business, $279.43
billion for total nonmanufacturing, and $48.66 billion for nonmanufacturing industries surveyed
annually.
10. "All industries" plus the part of nonmanufacturing that is surveyed annually.
11. Consists of real estate; professional services; membership organizations and social services;
and forestry, fisheries, and agricultural services.
12. Procedures for preparing constant-dollar estimates are described in the February 1985
SURVEY. To estimate real spending plans, BEA adjusts the survey results for assumed price
changes. Estimates for the first quarter of 1985 have been revised to reflect new price deflators
based on revisions in the national income and product accounts data.
13. The latest estimates for the industries surveyed annually were published in the April 1985
SURVEY. The constant-dollar plans for 1985 were $206.93 billion for total nonfarm business,
$136.24 billion for total nonmanufacturing, and $26.46 billion for nonmanufacturing industries
surveyed annually.
CHART 1
New Plant and Equipment Expenditures
-20
21
SURVEY OF CURRENT BUSINESS
September 1985
-10
Table 3.—New Plant and Equipment Expenditures by Business in Constant (1972) Dollars:
Percent Change From Preceding Year
Percent change
0
10
20
1983
1984
Actual
Actual r
08
15.3
All industries 5
ALL INDUSTRIES
Manufacturing
Gas and Other
Utilities
.
....
Durable goods
Nondurable goods
Nonmanufacturing 5
Air Transportation
Mining
Transportation
Public utilities
Commercial and other
Durable Goods
Manufacturing
Nondurable Goods
Manufacturing
Railroad
Transportation
Other
Transportation
Electric Utilities
Mining
86-9-1
Although actual spending in the
second quarter of 1985 was above
plans, planned spending for the year
was revised downward slightly. Indicators of the investment outlook were
mixed in the second quarter. Factors
favorable to investment included increases in both corporate cash flow
and real final sales of GNP, as well as
the continued decline in interest
rates. Factors less favorable included
declines in net new capital appropriations, new orders for nondefense capital goods, corporate profits, and the
manufacturing capacity utilization
rate.
Manufacturing Programs
In manufacturing, current-dollar
spending increased 6.0 percent in the
second quarter of 1985, to an annual
rate of $154.3 billion, following a 0.9percent decline in the first. Durable
goods industries increased 5.9 percent
in the second quarter; nondurables,
6.1 percent. Manufacturers plan a 2.3percent increase in the third quarter
and a 1.2-percent decline in the
fourth.
For the year 1985, manufacturers
plan to spend $153.4 billion, 10.5 per-
19.8
6.7
Planned
2
7.3
Planned 3
Planned 4
6.2
5.8
7.9
8.1
7.8
9.4
10.4
10.0
11 1
7.6
12.0
8.7
10.5
9.5
31
1.2
230
16.4
-.6
12.7
5.1
5.4
3.8
4.4
165
68
-32
23
166
156
3.8
149
29
.5
.1
71
6
2.4
.5
7.5
-59
2.7
-1.6
6.1
-63
2.8
— 2
6.6
r
Revised.
1. Calculated from constant-dollar estimates based on current-dollar spending plans reported in October and November
2. Calculated from constant-dollar estimates based on current-dollar spending plans reported in January through March
3. Calculated from constant-dollar estimates based on current-dollar spending plans reported in April and May
4. Calculated from constant-dollar estimates based on current-dollar spending plans reported in July and August
5. Surveyed quarterly.
Commercial and
Other
U.S. Department of Commerce, Bureau of Economic Analysis
10
19 85
Planned »
cent more than in 1984; in the previous survey, a planned increase of 12.7
percent was reported. Manufacturers'
spending increased 19.5 percent in
1984, following a decline of 3.7 percent in 1983.
Durable goods industries plan an
11.1-percent increase in 1985. The
largest increase is in motor vehicles,
29.0 percent; both domestic and foreign manufacturers have announced
plans to open new U.S. plants and to
expand and modernize existing
plants. Large increases are also
planned in "other durables," 15.6 percent; blast furnaces-steel works, 10.4
percent; and electrical machinery,
10.2 percent. A decline of 6.2 percent
is planned in nonferrous metals.
Nondurable goods industries plan a
10.0-percent increase in 1985. The
largest increases are in rubber, 17.1
percent; food-beverage, 14.6 percent;
paper, 13.8 percent; and "other nondurables," 13.6 percent. A decline of
2.5 percent is planned in textiles and
may be related to the completion of
major expansion programs in 1984, as
well as to intense foreign competition.
Real spending by manufacturers is
estimated to increase 7.9 percent in
1985—8.1 percent in durables and 7.8
percent in nondurables. In 1984, durables increased 23.0 percent; nondurables, 16.4 percent.
Nonmanufacturing Programs
In nonmanufacturing, currentdollar spending increased 3.5 percent
in the second quarter of 1985, to an
1984.
1985.
1985.
1985.
annual rate of $233.5 billion, following a 1.9-percent increase in the first.
Nonmanufacturing industries plan a
0.8-percent decline in the third quarter and a 0.1-percent decline in the
fourth.
For the year 1985, nonmanufacturing industries plan to spend $230.5
billion, 6.9 percent more than in 1984;
in the previous survey, a planned increase of 7.0 percent was reported.
Nonmanufacturing industries' spending increased 14.3 percent in 1984, following a decline of 0.7 percent in
1983.
In 1985, the largest increases are
planned in gas utilities, 20.2 percent,
and air transportation, 19.9 percent.
Increases of 10.4 percent and 6.7 percent are planned in "commercial and
other" and railroads, respectively. Declines are planned in mining, 4.7 percent; electric utilities, 4.1 percent; and
"other transportation," 1.9 percent. In
"other transportation," most of the
weakness is in trucking, which experienced declining traffic volume and
lower profits through the first two
quarters of 1985.
Real spending by nonmanufacturing industries is estimated to increase
4.4 percent in 1985; it increased 12.7
percent in 1984. Estimated increases
in "commercial and other," 6.6 percent, and transportation, 2.8 percent,
more than offset estimated declines in
mining, 6.3 percent, and public utilities, 0.2 percent.
By RALPH KOZLOW
Capital Expenditures by Majority-Owned Foreign Affiliates
of U,S, Companies, 1985 and 1986
MAJORITY-OWNED foreign affiliates of U.S. companies plan to increase capital expenditures 2 percent,
to $40.9 billion, in 1986, following a
planned 15-percent increase
in 1985
(table 1 and chart 2).1 The strong
1985 increase is from a relatively low
base, and, even if the increases
planned for both years are realized,
spending in 1986 will be below the
levels of 1980-82.
The sharp increase in spending expected in 1985 probably reflects lower
interest rates and the moderate economic recovery abroad; however,
based on recent experience, the 1985
spending estimate may be revised
downward in later surveys. The much
smaller increase planned for 1986
may partly reflect conservative estimates by investors. Factors that
would tend to boost 1986 spending are
expectations that the business recovery abroad may continue and that
there will be a further decline in the
foreign currency value of the dollar;
those that would depress spending are
excess capacity in some industries,
and affiliates' loss of market share,
particularly in Europe, because of
heightened competition from companies in the Far East, particularly in
Japan.
Actual spending for 1984 and
spending now planned for 1985 are
well below previously planned levels,
The latest estimates for both years
are based on the survey conducted in
June; the previous estimates are
based on the survey taken 6 months
earlier. In terms of year-to-year
CHART 2
Capital Expenditures by Majority-Owned Foreign
Affiliates of U.S. Companies
Billion$
60
50
(Ratio scale)
BY INDUSTRY
40 - Total
30
20
Petroleum
10
8
6
5
Trade
4
NOTE.—Ellen M. Herr assisted in preparing
the estimates. Smith W. Allnutt III designed
the computer programs for data retrieval and
analysis.
1. Capital expenditure estimates are for majorityowned nonbank foreign affiliates of nonbank U.S. parents. (An affiliate is majority owned when the combined ownership of all U.S. parents exceeds 50 percent.) For affiliates other than those engaged in natural resource exploration and development, capital expenditures include all expenditures that are charged
to capital accounts and that are made to acquire, add
to, or improve property, plant, and equipment. For affiliates engaged in natural resource exploration and
development, capital expenditures include the full
amount of exploration and development expenditures,
whether capitalized or expensed. Capital expenditures
are on a gross basis; sales and other dispositions of
fixed assets are not netted against them. They are reported to BEA in current dollars; they are not adjusted for price changes in host countries or for changes
in the value of foreign currencies, because the necessary data are unavailable.
22
Finance (Except Banking), Insurance and Real Estate
.1
I
1978
80
JL
\
I
82
J_
JL
84
86
1978
• Planned
NOTE. - Estimates are for nonbank foreign affiliates of nonbank U.S. parents.
U.S. Department of Commerce, Bureau of Economic Analysis
86
September 1985
23
SURVEY OF CURRENT BUSINESS
Table 1.—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies, 1978-86
Percent change from preceding year
1979
Total
1980
1981
1982
Billions of dollars
Latest plans1 Earlier plans2
Actual expenditures
1983
1984
1
1985
1986
1984
1985
Latest plans1 Earlier plans2
Actual expenditures
,1979
1978
1980
1981
1982
1983
1
1985
1984
1985
1984
1986
25
30
3
(*)
-18
-4
15
2
4
13
26.1
32.6
42.4
43.7
43.8
36.0
34.7
39.9
40.9
37.5
42.5
51
16
29
25
38
11 .
31
26
54
3
37
89
34
27
29
14
37
18
24
49
29
25
2
7
2
-7
(*)
-9
-9
-10
18
13
13
47
25
-13
-5
-6
8
-4
-6
-33
-8
-11
34
-21
-18
-10
-16
3
-23
3
-25
-23
-7
37
-9
2
2
13
12
-15
25
-4
15
-1
24
18
16
14
13
11
14
3
28
27
12
19
3
1
5
14
27
10
-4
(*)
-6
1
41
4
6
6
10
20
-9
24
3
19
(*)
33
7
22
21
16
3
19
18
47
19
12
.4
9.5
12.0
.9
1.9
.6
3.6
.9
1.9
2.1
2.2
.7
11.0
15.4
1.2
2.6
.6
4.7
1.1
2.9
2.2
3.1
1.3
14.8
19.5
1.5
3.0
.9
5.6
1.3
4.4
2.8
3.8
1.3
15.8
19.2
1.4
3.0
.8
5.1
1.2
5.2
2.5
4.3
.7
19.7
16.8
1.3
2.8
.9
4.9
1.1
3.4
2.3
3.8
.5
15.5
13.7
1.2
2.3
.9
3.8
1.2
2.6
1.8
3.5
.6
14.1
14.0
1.2
2.6
1.0
3.2
1.5
2.5
2.1
3.5
.8
16.6
16.2
1.4
3.0
.9
3.7
1.5
3.2
2.6
3.9
.9
17.2
16.5
1.3
3.4
.6
4.0
1.5
3.2
2.5
4.0
.6
16.2
14.5
1.3
2.5
1.1
3.4
1.5
2.7
2.1
3.5
.8
17.3
17.7
1.5
3.0
1.0
4.1
1.7
3.9
2.5
3.9
49
22
7
28
12
5
4
-13
5
-4
47
-6
11
-5
2
-1
18
-3
12
(*)
.2
1.8
.3
2.1
.3
2.7
.4
2.9
.4
2.5
.4
2.4
.2
2.3
.2
2.1
.2
2.1
.3
2.3
.4
2.3
Developed countries
Canada
Europe
European Communities (9) 3
France
Germany
United Kingdom
Other
Other
Japan . ...
Australia, New Zealand, and South
Africa ..
25
20
30
28
26
28
27
31
42
15
29
29
27
27
23
17
33
28
26
42
-2
-2
4
-9
-13
-15
-6
-8
28
-11
4
-9
3
-4
(*)
-9
-5
2
3
17
16
-12
15
-11
-4
-4
-20
-4
-30
33
(*)
2
I
-6
7
8
2
21
15
28
8
12
8
8
11
18
-8
24
3
1
3
4
6
5
8
4
-5
11
8
11
7
5
-6
1
14
1
17
19
12
16
7
11
15
20
3
15
-6
34
19.8
5.4
12.6
10.9
1.4
2.6
4.7
2.2
1.7
.6
24.8
6.5
16.4
14.0
1.8
3.4
6.0
2.9
2.4
.6
31.9
8.3
20.8
17.8
2.2
3.9
8.0
3.7
3.0
.9
31.3
8.1
20.1
16.2
1.9
3.4
7.5
3.4
3.9
.8
30.0
7.4
19.5
15.5
1.9
3.1
7.1
3.3
4.0
.9
25.3
6.5
16.5
13.7
1.9
3.0
5.7
3.2
2.8
.6
25.3
6.6
16.4
13.5
1.8
2.8
6.1
2.9
2.9
.8
29.1
8.5
17.8
15.1
1.9
3.0
6.7
3.5
2.6
.9
29.8
8.5
18.3
15.8
2.0
3.1
7.3
3.3
2.5
1.0
27.2
7.2
17.7
14.4
1.7
2.9
6.5
3.2
3.3
.7
30.5
8.4
19.0
15.9
2.0
3.5
6.7
3.7
3.1
1.0
7
40
22
2
28
8
28
4
—2
35
1.2
1.3
1.8
2.2
2.2
1.6
1.5
1.9
1.9
1.6
2.1
Developing countries
Latin America
Other Africa
Middle East
Other Asia and Pacific
20
27
12
27
52
38
42
44
10
47
23
24
25
24
33
13
-8
54
40
23
20
-36
23
3
(*)
10
10
23
-10
-20
15
23
24
6
6
3
5
2
-7
2
-2
18
-14
-10
-12
17
23
18
6
14
5.5
2.5
.8
1.1
1.1
6.6
3.2
.9
.8
1.7
9.0
4.6
1.3
.7
2.5
11.1
5.7
1.6
.5
3.3
12.5
5.2
2.5
.7
4.1
10.1
3.3
1.9
.8
4.1
9.1
3.7
1.5
.7
3.3
10.4
4.5
1.8
.6
3.4
10.7
4.7
1.9
.6
3.5
9.8
3.9
1.6
.7
3.6
11.5
4.8
1.9
.6
4.1
International
51
22
-8
-5
-45
-49
21
-17
-37
22
.8
1.2
1.5
1.4
1.3
.7
.4
.4
.4
.4
.5
13
-4
46
15.8
2.4
14.4
2.5
15.9
2.8
By industry
Mining
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery, except electrical
Electric and electronic equipment
Transportation equipment...
Other manufacturing
Trade
Finance (except banking), insurance,
and real estate
Other industries
By area
Addenda: European
Communities (10) 4
OPEC5
-2
13
-11
-9
-I
4
-1
-32
12
12
4
2
5
-22
10
14
1.9
1.9
2.1
16.2
2.4
15.5
3.5
13.7
3.2
13.6
2.1
15.2
2.4
* Less than 0.5 percent (±).
1. Based on the BEA survey taken in June 1985.
2. Based on the BEA survey taken in December 1984.
3. European Communities (9) comprises Belgium, Denmark, France, Germany, Ireland, Italy,
Luxembourg, Netherlands, and the United Kingdom.
4. European Communities (10) comprises European Communities (9) and Greece.
5. OPEC comprises Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria,
Qatar, Saudi Arabia, Venezuela, and the United Arab Emirates.
NOTE.—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
changes, the earlier plans for 1984
showed a 4-percent increase, whereas
the latest estimates show a 4-percent
decline (table 2). In contrast, for 1985,
the percentage increase is now larger
than previously planned, because the
downward revision in the level of
spending for 1984 was proportionally
larger than that for 1985.
By area, affiliates in developed
countries plan a 3-percent spending
increase in 1986, to $29.8 billion, compared with a 15-percent increase in
1985. In developing countries, affiliates also plan to increase spending 3
percent, to $10.7 billion, after a 15percent increase. Affiliates in "international"—those that have operations
spanning more than one country and
that are engaged in petroleum shipping, other water transportation, or
operating oil and gas drilling equipment that is moved from country to
country during the year—plan to cut
spending 17 percent, to $0.4 billion, in
1986, after a 21-percent increase.
Petroleum
Petroleum affiliates plan to increase spending 3 percent, to $17.2
billion, after an 18-percent increase in
1985 (tables 3-5). However, largely
due to the oil glut and weak prices in
recent years, spending in 1986 is expected to be well below the 1982 level.
In developed countries, affiliates plan
to increase spending 5 percent, to
$11.4 billion, after an 18-percent increase. In both years, Canadian affiliates account for much of the higher
spending; their expenditures are expected to increase 12 percent in 1986,
to $3.9 billion, after a planned 33-percent increase. The increases reflect
that country's decontrol of oil prices
and lower tax rates.
Elsewhere in developed countries,
British affiliates plan to increase expenditures 10 percent, to $4.0 billion,
following a 17-percent increase. The
increases, which are for development
of offshore oilfields, reflect, in part,
the increased costs associated with developing smaller or deeper fields, as
production from many larger or shallower fields is expected to peak. In
contrast to the increases in spending
planned by affiliates in Canada and
the United Kingdom, affiliates in the
Table 2.—Revisions to Capital Expenditure
Estimates, 1984-85
[Millions of dollars]
Expenditure
estimates for:
Date of BEA survey: 1
June 1983. ..
December 1983
June 1984
December 1984
June 1985
Addendum:
Total percent change from
first to most recent
Percent change
from preceding
year
1984
1985
1984
1985
45,716
42,443
40,448
37,512
34,723
n.a
n.a
43,958
42,537
39,926
+ 6.9
+ 12.5
+ 12.2
+ 4.1
-3.7
n.a.
n.a.
+8.7
+ 13.4
+ 15.0
240
9.2
n.a. Not applicable.
1. Results of the June 1983, December 1983, June 1984, and
December 1984 surveys were published in the September 1983,
March 1984, September 1984, and March 1985 issues of the
SURVEY OF CURRENT BUSINESS, respectively. Results of the
June 1985 survey are presented in this article.
24
Netherlands plan to reduce spending
37 percent, to $0.5 billion, in 1986,
after a 56-percent increase; the bulge
in expenditures in 1985 was primarily
for refinery expansion.
In developing countries, affiliates
plan a 1-percent increase, to $5.4 billion, following a 17-percent increase.
In both years, the increases are largely accounted for by Indonesian affiliates engaged in offshore gasfield and
oilfield development.
Affiliates in "international" plan a
small dollar (but sizable percentage)
increase in spending in 1985 and a
small dollar (but sizeable percentage)
decrease in 1986. Reflecting an excess
supply of mobile offshore drilling rigs
and tankers, spending is expected to
continue at depressed levels.
Manufacturing
Manufacturing affiliates plan to increase spending 1 percent, to $16.5
billion, in 1986, after a 16-percent increase in 1985. In 1985, affiliates in
every industry except primary and
fabricated metals plan increases; in
1986, only affiliates in chemicals and
nonelectrical machinery plan increases.
In developed countries, affiliates
plan to increase spending 2 percent,
SURVEY OF CURRENT BUSINESS
to $13.2 billion, following a 15-percent
increase in 1985. The 1986 increase
reflects small increases in spending
by affiliates in several European
countries, largely offset by a decline
in spending by affiliates in Canada.
In Europe, the largest increase in
1986 is planned by German affiliates.
They expect to increase spending 6
percent, to $2.4 billion, following a
similar increase in 1985; affiliates in
nonelectrical machinery, mostly computer manufacturers, account for virtually all of the increase. In Canada,
affiliates plan to reduce expenditures
9 percent, to $3.2 billion, following a
30-percent increase. The largest decline in spending in 1986 is by an affiliate in primary and fabricated
metals; it reflects the expected completion in 1985 of a capacity expansion project. The sharp increase in
Canadian affiliates' 1985 spending is
concentrated in transportation equipment, and is largely for expansion
and modernization of vehicle manufacturing and assembly facilities.
In developing countries, affiliates
plan a 1-percent increase, to $3.2 billion, in 1986, after a 20-percent increase in 1985. The largest dollar increase in 1986 is planned in Brazil;
the largest in 1985 is planned in
Mexico. The increases reflect general
September 1985
economic improvement in both countries.
Other industries
Affiliates in all other industries
combined plan to increase spending 3
percent in 1986, to $7.3 billion, after a
7-percent increase. Affiliates in
mining account for most of next
year's increase; their expenditures are
expected to increase 19 percent, to
$0.9 billion, after a 24-percent increase. Next year's planned increase
is largely by a copper mining affiliate
in Chile; in contrast, this year's increase is largely by a bauxite mining
affiliate in Australia that is building
a refinery.
Trade affiliates plan to increase
spending 1 percent, to $4.0 billion,
after a 12-percent increase in 1985.
The 1986 increase results from small,
nearly offsetting changes in spending
in many areas, and may reflect investor concerns about the extent of the
recovery abroad. Affiliates in finance
(except banking), insurance, and real
estate plan to maintain spending at
$0.2 billion in both years. Partly offsetting the increases in mining and
trade are small reductions in spending in both years by affiliates in
"other industries"—agriculture, construction, public utilities, and other
services.
September 1985
SURVEY OF CURRENT BUSINESS
25
Table 3.—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 19841
[Millions of dollars]
Manufacturing
All
industries
Mining
Petroleum
Total
Chemi- Primary
Food
and
cals and
and
fabriallied
kindred
cated
products products metals
Electric
Maand
chinery,
elecexcept
tronic
elecequiptrical
ment
Transportation
equipment
Other
manufacturing
Trade
Finance
(except
banking),
insurance,
and real
estate
Other
industries
34,723
624
14,070
14,048
1,214
2,620
1,003
3,206
1,466
2,488
2,050
3,511
215
2,255
25,270
159
9,247
11,395
973
2,146
723
2,826
910
2,082
1,734
2,842
183
1,444
Canada
6,614
53
2,650
2,702
253
507
450
295
143
454
600
420
70
719
Europe
16,435
3
6,074
7,619
590
1,440
255
2,247
599
1,475
1,014
1,986
86
668
13,576
482
225
1,779
2,769
37
247
728
38
1,215
6,055
2
1
0
0
1
(*)
(*)
0
0
0
4,321
42
104
174
272
13
40
83
(*)
508
3,085
7,132
314
36
1,232
2,163
17
170
504
37
551
2,107
539
13
13
52
84
4
9
34
0
80
250
1,366
110
(D)
152
220
7
76
91
(D)
280
410
239
11
(D)
16
90
(*)
3
16
(D)
24
70
2,166
29
(*)
746
577
(*)
24
208
7
110
465
500
43
(D)
57
179
2
10
41
(D)
15
140
1,367
57
(*)
70
734
1
15
38
0
2
450
954
51
4
139
280
3
32
76
7
40
322
1,432
110
81
285
258
6
31
105
(*)
81
475
75
(*)
(*)
1
7
(*)
3
(*)
(*)
1
63
613
15
4
88
68
(*)
3
36
(*)
74
325
1,753
7
1,610
5
88
17
5
13
9
487
47
27
25
238
95
50
2
3
51
5
0
3
29
6
8
(*)
0
74
6
1
2
50
11
4
(*)
(*)
15
5
0
1
4
2
2
0
1
81
3
5
1
6
63
3
0
(*)
98
15
(D)
9
38
4
17
1
(D)
108
8
(*)
2
96
2
(*)
0
0
553
4435
15
125
77
186
23
49
10
(*)
(DD)
( )
1
(*)
3
0
(*)
55
4
(DD)
( )
15
3
29
(*)
(*)
AH countries
Developed countries
European Communities (10)
Belgium.
Denmark
France...
Germany
Greece ...
Ireland
Italy
Luxembourg
Netherlands
United Kingdom
Other Europe
Austria
Norway.
Portugal
Spain
Sweden.. .
Switzerland
TurkeyOther
2,859
102
1,680
46
467
192
272
39
61
Japan
Australia, New Zealand and South Africa
Australia
New Zealand . . .
South Africa
Developing countries
Latin America
(*)
1
0
1
0
0
0
0
(*)
0
59
5
(D)
7
15
7'
17
1
(D)
758
0
75
551
15
100
6
258
138
5
28
120
11
2
1,463
1,107
70
286
103
102
(*)
1
448
392
13
43
523
364
22
137
115
69
4
43
99
72
6
21
13
6
(*)
6
26
14
(*)
12
30
23
1
6
148
120
6
22
91
59
5
28
316
194
31
91
17
17
(*)
(*)
55
38
3
14
9,092
464
4,572
2,653
241
474
279
380
556
407
317
670
32
701
24
237
3,664
398
702
1,909
181
377
274
319
108
391
259
395
2,758
310
1,363
134
587
47
172
119
27
372
(D)
6
65
(D)
0
11
0
1
572
39
115
12
224
30
140
8
4
1,462
241
1,035
8
66
11
4
79
18
137
35
54
1
17
4
1
23
3
269
43
170
1
31
3
1
20
1
261
5
234
2
4
1
(*)
1
14
271
98
171
(*)
(*)
0
(*)
1
(*)
61
4
52
1
1
1
(*)
1
(*)
248
30
205
(*)
2
0
(*)
10
(*)
215
25
148
3
11
3
1
24
1
277
20
175
26
6
4
16
26
4
18
(*)
14
(*)
2
1
1
(*)
(*)
56
(D)
18
23
(D)
(*)
(*)
5
(*)
Central America
Mexico
Panama
Other
663
554
24
85
4
(*)
0
4
20
2
4
14
424
388
3
33
36
25
1
10
104
99
1
4
13
13
0
(*)
48
48
0
0
39
29
(*)
10
143
143
0
(*)
42
32
1
9
111
95
9
7
2
1
1
(*)
102
67
8
27
Other Western Hemisphere
Bahamas .. . .
Bermuda
Netherlands Antilles
Trinidad and Tobago
Other
244
29
8
16
79
111
22
(*)
0
1
0
20
110
8
2
11
74
15
23
2
3
(*)
2
15
8
1
0
(*)
(*)
0
0
(*)
0
•o
6
4
2
0
(*)
(*)
2
8
(D)
3
0
(*)
(D)
0
0
0
0
0
0
2
(D)
(*)
(*)
(*)
(D)
7
1
(*)
1
2
3
3
1
(*)
1
(*)
1
79
16
3
1
1
57
1,482
694
483
125
87
788
32
224
532
19
(D)
1
(D)
0
D
( )
1
(DD)
( )
1,397
681
475
124
82
716
16
210
490
31
6
4
(*)
3
24
1
4
20
13
(*)
0
0
(*)
13
1
1
11
7
3
2
0
(*)
4
0
2
3
2
1
0
0
2
1
1
(*)
0
(*)
(*)
(*)
0
0
16
(D)
2
(D)
2
(D)
2
(DD)
( )
1
(*)
0
0
(*)
1
1
(*)
(*)
17
1
1
0
(*)
16
12
4
(*)
685
133
448
104
(*)
0
(*)
501
(*)
407
94
79
73
6
(*)
5
3
2
(*)
3,261
432
28
1,182
460
157
193
99
133
366
210
46
0
0
19
(D)
0
0
0
0
(*)D
()
1,972
16
3
1,110
293
22
34
5
(*)
317
172
635
33
25
16
148
110
117
48
94
35
9
19
1,889
117
South America
Argentina
Brazil
Chile
Colombia
Ecuador... .
Peru
Venezuela
Other
Other Africa
Saharan
Egypt.
Libya
Other. ...
Sub-Saharan
Liberia
Nigeria..
Other
Middle East.. .
Israel
OPEC
Other
Other Asia and Pacific
Hong Kong
India
Indonesia ..
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Other
International
Memorandum — OPEC 2
0
360
. . .
2,145
0
0
1
1
0
(*)
1
3
(*)
(*)
0
(*)
3
0
(*)
2
(*)
4
1
(*)
0
1
2
0
1
1
7
7
(*)
(*)
0
0
0
0
5
2
3
(*)
61
61
(*)
0
0
0
0
0
1
(*)
1
0
50
37
8
4
3
2
(*)
(*)
52
20
27
5
41
2
0
1
1
25
3
2
2
4
2
83
2
7
3
2
22
14
8
6
14
6
4
1
0
0
0
0
0
54
7
3
2
6
(*)
23
12
1
0
0
384
18
7
4
130
55
69
22
63
15
(*)
16
0
0
0
4
1
6
0
5
(*)
0
53
3
9
6
5
7
1
4
17
2
(*)
208
45
(*)
14
17
14
24
44
37
13
(*)
4
1
0
(*)
0
(*)
3
0
0
0
0
395
338
(*)
24
(D)
11
15
1
2
1
(D)
30
27
2
7
7
10
34
59
1
1
1
(*)
1
(*)
1
(*)
0
0
110
250
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Based on the BEA survey taken in June 1985.
2. See footnote 5, table 1.
NOTE.—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
(*)
0
0
0
0
0
60
26
September 1985
SURVEY OF CURRENT BUSINESS
Table 4.—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 1985
[Millions of dollars]
Manufacturing
All
industries
Mining
Petroleum
Total
Food
and
kindred
products
Chemicals and
allied
products
Primary
and
fabricated
metals
Machinery,
except
electrical
Electric
and
Transelecportation
tronic
equipequipment
ment
Other
manufacturing
Trade
Finance
(except
>anking),
insurance,
and real
estate
Other
industries
39,926
776
16,616
16,226
1,388
2,959
888
3,668
1,515
3,195
2,612
3,934
238
2,136
29,068
376
10,934
13,051
1,089
2,375
656
3,247
972
2,551
2,159
3,047
207
1,453
Canada
8,465
78
3,515
3,507
265
618
365
486
153
795
825
510
85
770
Europe
17,798
4
6,803
8,159
680
1,484
267
2,345
683
1,533
1,168
2,092
98
643
15,155
523
265
1,926
2,991
36
199
918
60
1,497
6,740
2
1
0
0
1
(*)
(*)
0
0
0
5,317
55
142
268
311
8
28
116
1
790
3,600
7,605
358
37
1,223
2,300
20
139
673
59
562
2,232
619
13
18
85
94
5
14
40
0
98
253
1,403
151
(D)
163
317
9
32
122
D
( )
253
323
246
15
(D)
22
75
(*)
3
14
(D)
25
86
2,245
25
(*)
658
546
(*)
33
294
7
105
577
581
39
(D)
69
191
2
19
51
(D)
17
174
1,406
56
1
81
781
(*)
7
31
0
1
447
1,105
60
2
146
297
3
31
122
11
62
372
1,551
94
83
320
275
8
27
98
(*)
96
550
94
(*)
(*)
2
22
(*)
2
(*)
(*)
7
61
585
15
3
113
82
(*)
3
31
(*)
42
296
1
1
1,486
10
1,274
23
133
14
10
9
13
554
56
25
24
268
119
57
2
3
61
10
0
4
30
10
7
(*)
0
81
3
1
2
59
9
6
1
(*)
21
6
0
(*)
10
1
3
0
(*)
100
2
2
2
7
84
4
0
(*)
103
15
(D)
12
38
5
17
1
(D)
127
10
(*)
2
110
4
(*)
0
0
62
10
(D)
3
15
5
18
1
(D)
541
38
56
16
88
71
223
6
44
4
(*)
2
0
(*)
(*)
1
0
(*)
57
3
3
2
19
4
26
(*)
1
All countries
Developed countries
European Communities (10)
Belgium
Denmark
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands .
United Kingdom
Other Europe
Austria
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
Other
Japan
2,643
107
1,361
66
508
207
316
17
61
1
0
0
0
0
0
(*)
0
938
0
70
735
15
162
5
382
104
9
58
121
8
4
1,867
1,536
83
248
294
293
(*)
1
546
478
14
55
650
500
29
120
129
101
3
26
112
79
5
27
19
14
(*)
6
35
18
(*)
17
32
28
1
3
213
190
12
11
109
71
7
30
324
220
36
68
16
16
(*)
(*)
36
29
4
4
10,423
400
5,362
3,175
299
584
232
421
543
644
453
887
31
568
4,489
350
1,000
2,392
230
475
224
368
110
611
374
563
23
161
South America
Argentina
Brazil
Chile
Colombia
Ecuador . .
Peru
Venezuela . . .
Other
3,250
427
1,540
113
774
43
148
178
28
336
2
8
55
(D)
0
9
0
(D)
804
107
98
14
430
21
111
15
7
1,663
273
1,163
9
63
11
5
121
17
160
39
71
2
12
1
1
33
1
347
65
217
2
30
4
1
28
1
202
6
174
3
3
1
(*)
1
14
342
105
235
(*)
(*)
0
(*)
2
(*)
60
3
50
1
2
1
(*)
3
(*)
272
21
235
(*)
3
0
(*)
13
(*)
280
34
181
2
13
4
2
43
1
390
36
238
32
18
8
20
37
2
16
(*)
12
(*)
1
1
2
(*)
(*)
41
8
20
3
(D)
1
1
4
(D)
Central America
Mexico.. . .
Panama
Other
935
841
21
72
4
(*)
0
4
14
2
4
8
701
666
3
32
61
48
2
12
121
116
1
4
22
21
0
1
26
26
0
0
41
36
(*)
5
339
339
0
(*)
91
81
(*)
10
167
152
7
8
3
1
2
(*)
46
20
6
20
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
Trinidad and Tobago
Other
..
305
30
7
5
159
104
11
1
0
1
0
9
182
14
1
(*)
152
15
27
3
4
(*)
4
16
8
1
0
(*)
7
2
0
(*)
2
3
(*)
0
0
(*)
0
0
0
0
0
0
0
9
0
4
0
(*)
5
0
0
0
0
0
0
3
0
(*)
(*)
1
1
6
1
(*)
1
2
2
4
1
1
1
(*)
2
74
11
1
1
1
60
1,839
924
743
153
28
915
32
256
626
23
(D)
1
(D)
0
D
( )
1
(DD)
( )
1,733
899
724
152
22
835
15
240
580
38
10
8
(*)
3
27
1
9
18
10
1
0
0
2
1
0
0
1
1
0
0
(D)
1
1
(*)
D0
5
1
1
0
(*)
3
0
1
2
(*)
(*)
(*)
8
13
6
6
0
(*)
7
0
4
3
(*)
(D)
1
(*)
0
1
(D)
0
3
(D)
23
12
10
(*)
2
11
1
3
7
2
(*)
0
0
(*)
2
1
(*)
1
20
(D)
1
(D)
(*)
D
( )
14
( DD )
( )
647
104
389
154
(*)
(*)
0
507
(*)
361
146
70
65
5
(*)
6
4
2
(*)
6
6
(*)
(*)
0
0
0
0
3
(*)
53
53
(*)
0
0
0
0
0
(DD)
( )
(*)
0
37
26
8
3
3
3
(*)
(*)
28
10
14
5
3
2,121
18
(*)
1,295
307
23
38
6
(*)
210
224
676
31
29
17
149
98
129
47
120
32
24
53
3
0
3
1
22
5
8
4
4
5
90
3
12
6
6
28
7
2
8
10
10
6
2
0
(*)
1
(*)
3
0
0
0
0
45
3
3
1
4
(*)
23
11
(*)
0
0
376
18
8
5
125
34
87
18
65
17
1
33
0
0
0
5
2
4
0
22
(*)
0
72
3
5
3
7
12
1
9
22
2
8
263
54
(*)
16
15
10
52
59
39
17
1
4
1
0
(*)
0
(*)
3
0
0
0
0
359
302
(*)
24
1
11
12
4
(*V
2
3
23
2,085
164
40
41
2
6
10
13
53
73
2
Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa
Developing countries
Latin America
Other Africa
Saharan
Egypt. . .
Libya
Other
Sub-Saharan .
Liberia
Nigeria
Other
Middle East
Israel
OPEC
Other
Other Asia and Pacific
Hong Kong . .
India
Indonesia .
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Other
International
Memorandum — OPEC 2
3,448
407
29
1,375
472
141
234
116
159
261
254
0
26
0
0
22
(*)
0
0
0
0
(*)
435
2,394
1
1
1
10
(*)
1
( 0)
(*)D
()
(DD)
()
0
0
(*)
0
0
320
115
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Based on the BE A survey taken in June 1985.
2. See footnote 5, table 1.
NOTE.—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
7
48
27
SURVEY OF CURRENT BUSINESS
September 1985
Table 5.—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 1986 1
[Millions of dollars]
Manufacturing
All
industries
Developed countries
Canada
European Communities (10)
Belgium
Denmark
. . .
...
France
Germany
Greece
Ireland
Italy
....
Luxembourg
Netherlands
...
United Kingdom
Other Europe
Austria
Norway
Portugal
Spain .
Sweden
Switzerland
Turkey
Other
...
Japan
....
....
Other
manufacturing
Trade
Other
industries
Total
925
17,150
16,465
1,321
3,374
645
4,019
1,459
3,195
2,453
3,977
244
2,118
29,813
333
11,443
13,250
1,029
2,670
517
3,539
988
2,537
1,969
3,085
216
1,487
8,522
80
3,920
3,184
212
681
217
375
171
841
686
475
68
795
8,576
705
1,716
274
2,678
675
1,440
1,089
2,131
126
646
1,631
169
(D)
165
358
5
31
125
(D)
346
386
254
11
(D)
21
78
(*)
2
17
(D)
25
94
2,567
57
(*)
734
696
(*)
27
288
7
103
655
566
37
(D)
73
201
2
11
46
(D)
22
159
1,321
59
1
75
705
(*)
5
36
0
2
437
1,018
50
2
159
285
4
28
91
10
51
337
1,566
103
77
300
275
6
29
99
(*)
88
590
122
(*)
(*)
1
32
(*)
1
(*)
(*)
10
78.
581
14
3
103
76
(*)
3
32
(*)
47
302
565
48
71
14
74
75
219
6
58
4
(*)
2
0
(*)
(*)
1
0
(*)
65
6
2
2
20
5
30
(*)
1
18,316
Europe
Primary
Machinery,
and
fabriexcept
eleccated
trical
metals
Finance
(except
Danking),
insurance,
and real
estate
Petroleum
40,879
All countries
ChemiFood
and
cals and
kindred
allied
products products
Electric
Transand
portation
elecequiptronic
ment
equipment
15,806
561
256
2,038
3,142
30
245
922
67
1,277
7,269
Mining
6
6,831
5
3
0
0
1
(*)
(*)
0
0
0
5,522
43
138
313
322
7
95
153
1
500
3,950
8,009
397
37
1,321
2,436
17
117
638
66
633
2,348
653
14
16
93
112
5
12
36
0
85
280
567
39
36
25
270
129
61
3
4
51
3
0
2
32
7
7
(*)
0
85
3
1
1
64
7
9
1
(*)
20
4
0
1
9
1
5
0
(*)
111
2
1
4
7
92
4
0
(*)
109
9
(D)
14
42
6
18
1
(D)
119
12
(*)
2
97
8
(*)
0
0
71
6
(D)
2
18
8
18
1
(D)
815
11
148
6
460
110
5
75
141
8
4
14
14
(*)
(*)
41
35
3
4
1
1
0
1
2,510
107
1,256
61
446
226
322
16
76
0
0
0
0
(*)0
1,308
14
1,144
20
82
16
12
7
14
1,041
0
74
1,933
1,587
89
257
247
245
(*)
2
618
529
12
77
675
551
34
89
101
89
4
9
126
93
6
26
19
14
(*)
5
26
16
(*)
10
32
28
1
3
251
225
13
13
120
88
9
23
338
213
39
85
10,705
592
5,441
3,215
292
704
128
480
471
658
483
892
28
537
4,712
541
915
2,497
234
595
123
430
110
600
405
589
19
152
3,536
445
1,587
367
729
43
151
190
23
529
4
3
305
D
( )
0
10
0
(D)
781
107
94
12
426
22
107
8
4
1,775
298
1,240
10
67
9
3
134
15
157
31
78
2
10
1
1
33
1
451
85
287
2
33
5
1
38
1
98
5
74
2
4
(*)
(*)
1
12
401
125
274
(*)
(*)
0
(*)
2
(*)
55
2
48
1
1
1
(*)
1
(*)
317
22
265
(*)
4
0
C)
25
(*)
297
27
214
3
15
2
1
34
1
395
30
220
37
26
11
27
42
3
13
(*)
9
(*)
1
1
2
(*)
(*)
43
6
21
3
(D)
1
3
5
(D)
Central America
Mexico
Panama
Other .
946
851
22
74
4
(*)
0
4
15
2
4
8
697
660
3
35
70
56
1
13
138
133
1
4
25
24
0
(*)
28
28
0
0
48
43
(*)
5
283
283
0
(*)
105
92
1
13
187
169
8
10
1
1
(*)
(*)
41
19
6
16
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles.
Trinidad and Tobago.
Other
230
26
7
4
95
97
7
(D)
0
1
D0
()
119
14
1
(*)
90
14
25
3
4
(*)
2
15
8
1
0
(*)
(*)
6
6
2
0
(*)
1
3
(*)
0
0
(*)
0
0
0
0
0
0
0
8
0
4
0
(*)
4
0
0
0
0
0
0
3
0
(*)
(*)
1
1
7
1
(*)
1
2
3
5
(D)
1
1
(*)
D
( )
68
7
1
1
1
58
1,871
808
663
101
44
1,063
31
185
846
23
(D)
1
(D)
0
(D)
1
(DD)
( )
1,763
787
650
100
37
976
11
165
800
43
13
8
(*)
4
30
1
9
20
11
(*)
0
0
(*)
11
1
1
9
16
8
6
0
2
8
0
4
3
2
(*)
0
0
5
1
1
0
(*)
3
0
1
3
(*)
(*)
(*)
(*)
(D)
2
(*)
0
2
(D)
0
3
(D)
17
5
3
(*)
2
12
1
7
4
2
(D)
0
(D)
(*)
(D)
1
(DD)
( )
22
1
1
(*)
(*)
21
16
4
1
600
86
366
147
1
0
481
(*)
340
141
61
55
6
(*)
5
4
2
(*)
10
10
(*)
(*)
0
0
0
0
(*)
38
38
(*)
0
0
0
0
0
(DD)
( )
1
0
28
21
5
2
3
3
(*)
(*)
26
8
14
5
3,523
381
28
1,564
515
130
175
125
186
222
195
27
0
0
()
2,282
11
1
1,500
372
24
31
5
1
175
165
614
26
27
16
125
86
103
50
144
25
13
40
3
0
3
1
19
2
2
4
3
5
83
2
16
2
5
28
11
2
5
5
6
4
1
0
(*)
1
(*)
2
0
0
0
0
42
4
3
1
5
(*)
18
11
(*)
0
0
317
13
3
8
103
28
66
19
63
13
(*)
57
0
0
0
7
2
3
0
46
(*)
0
70
3
5
2
4
8
1
15
26
4
2
258
47
(*)
20
17
11
30
71
42
21
1
4
1
0
(*)
0
(*)
3
0
0
0
0
337
297
(*)
18
1
9
9
1
(*)
(DD)
( )
12
2,135
175
39
49
1
6
11
25
43
84
2
Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa
Developing countries
Latin America
South America
Argentina
Brazil.
Chile
Colombia
Ecuador.
Peru.
Venezuela
Other .
Other Africa .
Saharan
Egypt
Libya
Other .
Sub-Saharan
Liberia
Nigeria
Other .
Middle East.
Israel
OPEC,
Other .
Other Asia and Pacific.
Hong Kong.
India
Indonesia
Malaysia
Philippines
Singapore.
South Korea,
Taiwan
Thailand .
Other.
1
0
11
(*)
0
0
0
0
(DD)
Memorandum OPEC
2,449
0
0
1
0
0
(*)
0
0
95
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. Based on the BEA survey taken in June 1985.
2. See footnote 5, table 1.
NOTE.—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
D
(*)
1
(D)
(*)
(*)
(*)0
(D0)
(*)D
()
(DD)
( 4)
266
361
2
(*)
42
By RUSSELL C. KRUEGER
U.S. International Transactions,
Second Quarter 1985
THE U.S. current-account deficit increased to $31.8 billion in the second
quarter from $29.5 billion in the first.
An increase in the merchandise trade
deficit to a record $33.0 billion was
partly offset by an increase in net
service receipts. The latter was more
than accounted for by larger receipts
of income on U.S. direct investment
abroad, which were boosted by exchange-rate related capital gains after
large losses in the first quarter. Unilateral transfers increased, reflecting
higher payments to international organizations' programs.
Among capital flows, U.S. direct investment abroad shifted to net outflows, largely reflecting higher reinvested earnings. Net U.S. purchases
of foreign securities slowed; a decrease in stock purchases was only
partly offset by larger bond purchases. Claims on foreigners reported
by U.S. banks fell substantially; although claims on banks' own foreign
offices increased, claims on other (unaffiliated) foreigners decreased, partly
due to continued soft demand for U.S.
bank credit abroad.
for commercial and investment purposes, and subsequently changed little
or depreciated only slightly.
The dollar depreciated 12 percent
against the British pound. Short-term
interest rates that were over 450 basis
points higher than U.S. rates and
rates in other major financial centers
contributed to heavy inflows into sterling-denominated assets, as may have
the pickup in economic activity following the end of the coal strike. The
dollar depreciated 5 to 6 percent
against the major European Monetary
System (EMS) currencies, except the
Italian lira, against which it depreciated 3 percent. Although interest
rates in EMS countries did not decline as rapidly as in the United
States, appreciation of these currencies was limited by only moderate economic expansion in Europe and the
greater attractiveness of sterling
assets.
The dollar depreciated 3 percent
against the Japanese yen, which was
supported by the expanding Japanese
economy and by a large current-account surplus. The dollar appreciated
Foreign direct investment in the
United States increased, mostly reflecting two large loans by European
companies to their U.S. affiliates. Net
foreign purchases of U.S. securities
remained strong, but were down from
their record first-quarter level; net
purchases of U.S. Treasury securities
increased. Foreign official assets in
the United States increased in contrast to a large decrease in the first
quarter.
The statistical discrepancy (errors
and omissions in reported transactions) was an inflow of $8.9 billion.
U.S. dollar in exchange markets
The dollar depreciated 5 percent in
the second quarter on a trade-weighted quarterly average basis against the
currencies of 10 industrial countries
(chart 3, table C). At the beginning of
the quarter, the dollar continued to
decline substantially against most
major currencies, due to falling interest rates and concerns about the lack
of strength in the U.S. economy. In
mid-April, the dollar firmed, partly
due to increased demand for dollars
Table A.—Summary of U.S. International Transactions
[Millions of dollars, seasonally adjusted]
1985
1984
Line
Lines in tables 1, 2, and 10 in which transactions are included are indicated in ( )
1 Exports of goods and services (1)
2
Merchandise, excluding military (2)
3
Other goods and services (3-13)
4 Imports of goods and services (15) . .
5
Merchandise, excluding military (16)
6
Other goods and services (17-27)
7 U S Government grants (excluding military grants of goods and services) (30)
8 Remittances, pensions, and other transfers (31 32) .
9 U.S assets abroad net (increase/capital outflow ( )) (33)
10
U.S. official reserve assets, net (34)
11
U S Government assets other than official reserve assets net (39)
12
U.S private assets net (43)
1983
333,586
200,745
132,841
1984
362,421
220,316
142,105
I
90,764
53,753
37,011
II
88,996
54,677
34,319
III
IV
Ir
UP
91,124
55,530
35,594
91,539
56,355
35,184
88,939
55,707
33,232
88,846
53,245
35,601
365 524 -452,539 -107,616 -111,257 -120,748 -112,921 -116,092 117 305
-262,757 328 597
85239 -86,246
88037 -80,912
79322 -80,326
-102,767 -123,942 -28,294 -30,931 -32,711 -32,009 -30,853 -31,059
-6,287
2566
-8,522
-2,892
-55,045 -20,447
1 196 -3,131
-5,006
5 516
-48,843 -11,800
1 480
-732
1 522
-710
4 976 -18,988
-566
-657
-2,059 -1,353
2 260
17 070
-2,511
-841
-273
93
18,364
14 846
-799
-1,110
-1,369
-734
20,532 -13,003
-365
-233
-850
718
-2,862
-356
-849
-1,657
-2,497
-123
1
-2,375
33,310
13,711
7,119 -11,204
26,191
24,915
25,789
8,154
17,636
12,078
19,358
7 279
8,883
-8,096
97,319
3,424
93,895
19,277
-2,786
22,063
41,592
-224
41,816
3,140
-686
3,825
16 Allocations of special drawing rights (62)
17 Statistical discrepancy (63)
11,513
24,660
4,763
1,889
10,997
28
1 213
-1,007
-206
2238
-934
84,322
5,795
78,526
Revised.
Preliminary.
-93
-2,462
2,369
-3,313
-782
2207
-669
13 Foreign assets in the United States, net (increase/capital inflow (+)) (48)
14
Foreign official assets net (49)
. . . .
15
Other foreign assets net (56)
r
Change:
1985 I-II
7,013
16,979
September 1985
29
SURVEY OF CURRENT BUSINESS
CHART 3
Merchandise trade
Indexes of Foreign Currency Price of the U.S. Dollar (1977=100)
180
170
160
150
140
130
120
110
m o f M - M { I I I'M i l l I I t I 4^1 f~M I I I I t I lU I 1 I 1: I l:i I I i I I 'i.i.'j i
1982
1983
1984
1985
1. Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Netherlands,
New Zealand,, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, and United Kingdom.
Data: U.S. Department of the Treasury. End-of-month rates. Index rebased by BEA.
2. Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, and-United Kingdom.
Data: Federal Reserve Board. Monthly average rates. Index rebased by BEA.
U.S. Department of Commerce, Bureau of Economic Analysis
1 percent
dollar.
against
the
as-a
Canadian
Near the end of the quarter, Mexican authorities permitted foreign exchange trading houses operated by
Mexican banks to carry out certain
large transactions on the open
market, resulting in a de facto devaluation of the peso. This step effec-
tively created a third peso-dollar exchange rate about equal to the rate
on unofficial peso transactions available from currency traders in the
United States along the Mexican
border. The new "superfree" exchange rate was 27 percent lower
than the previously existing "free"
rate and 37 percent lower than the
"controlled" rate.
The merchandise trade deficit increased $3.5 billion to a record $33.0
billion in the second quarter. Exports
decreased $2.5 billion to $53.2 billion,
the lowest quarterly level since the
fourth quarter of 1983. Volume decreased 5 percent. The decrease was
due to declining demand for agricultural products, the continued impact
of the high exchange value of the
dollar, and only moderate economic
expansion abroad. Imports increased
$1.0 billion to $86.2 billion, reflecting
a pickup in petroleum imports; nonpetroleum imports decreased slightly.
Volume was unchanged.
Agricultural exports decreased
sharply for the second consecutive
quarter; they were down $1.3 billion,
or 15 percent, to $7.1 billion. Volume
decreased 14 percent. Feedgrains, soybeans and other oil seeds, cotton, and
tobacco fell; wheat remained at its
lowest level since 1978. Exports decreased to all major areas except
Latin America.
|
Nonagricultural exports decreased
$1.2 billion, or 3 percent, to $46.1 billion, all in volume. Exports have been
flat since the third quarter of 1984.
Chart 4 shows the slowdown in industrial production among several major
trading partners and regions beginning in late 1984 and the corresponding slowdown in U.S. n6nagricultural
exports.
Exports of nonagricultural industrial supplies and materials decreased
$1.0 billion to $13.0 billion. Coal, fuel
oil, and fertilizers fell sharply; smaller decreases occurred in precious
metals and paper. Capital goods decreased $1.1 billion to $18.8 billion.
Electrical equipment, computers, and
Table B.—Selected Transactions With Official Agencies
[Millions of dollars]
19 85
19 84
1
2
3
4
Changes in foreign official
assets in the U.S., net (decrease — Xtable 1, line 49)
Industrial countries 1
2
Members of OPEC
..
Other countries ..
. .
...
5
Activity under U.S.
official reciprocal currency arrangements with foreign monetary authorities: 3
6
Foreign drawings or repayments ( ) net
Drawings
.
6a
6b
py
r
p
I
II
III
-224
1,003
-2,097
870
-686
-2,528
-453
2,295
-566
-799
5,795
10284
-8,283
3,794
3,424
376
-4,143
7,191
-2,786
-846
-2,405
465
1 196
3 131
657
-2083
600
-2683
490
545
-55
-10
-ib
Revised.
Preliminary.
1. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
2. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries.
3. Consists of transactions of the Federal Reserve System and the U.S. Treasury Department's Exchange Stabilization Fund.
IV
\r
II *
Change:
1985 I
II
7,119
2,747
812
3,560
-11,204
-6,335
-2,021
-2,848
8,154
6,657
-1,862
3,359
19,358
12,992
159
6,207
-1,110
233
356
-123
143
143
643
143
500
500
545
-45
-500
-500
SURVEY OF CURRENT BUSINESS
30
September 1985
Table C.—Indexes of Foreign Currency Price of the U.S. Dollar
[1977 = 100]
1984
Trade- weighted average against 22 OECD currencies
Trade- weigh ted average against 10 currencies 2
Selected currencies: 3
Canada
United Kingdom
European Monetary System currencies:
Belgium
France
Germany
Italy
Netherlands
Switzerland
Japan
1
19 85
1984
19 85
II
III
IV
I
II
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
142.6
1283
150.1
1370
155.9
1423
162.7
151 2
163.2
144 1
145.7
1298
149.1
134 6
148.3
135 5
153.0
140 8
153.6
1426
155.9
140 1
158.3
144 2
159.9
1477
166.7
153 1
161.6
1528
163.1
1446
163.7
1449
162.7
1427
121 7
1249
123 8
1345
124 2
1435
127 6
1564
1290
1388
122 8
1266
124 7
132 1
122 8
1327
123 8
1387
124 2
1429
124 0
1407
124 3
1470
124 7
1547
127 6
1595
130 4
1549
128 6
1408
1296
1396
1288
136 1
154 1
169 5
1166
1893
1244
935
855
1645
1823
1257
203 1
1342
1017
907
1718
190 6
1315
213 3
140 4
1048
91 6
1822
202 5
140 1
228 3
1499
1147
959
1734
191 6
1329
222 4
1420
1080
933
1556
171 2
1179
191 2
1257
950
870
160 8
177 7
122 6
197 6
130 9
1004
90 5
1624
180 1
124 2
200 8
132 5
1005
90 2
1704
189 1
1304
210 9
1392
1043
91 4
1729
191 3
132 0
214 1
140 9
105 1
91 8
1685
187 1
1290
210 1
1377
1028
907
1739
193 3
133 6
2157
142 6
1066
92 3
1769
197 2
136 4
219 9
145 8
1107
94 6
1848
205 2
142 1230 3
1522
1167
970
1848
205 0
141 9
234 6
151 8
1167
960
1736
192 0
133 1
223 0
142 4
1080
937
1744
192 9
1338
223 9
1429
1089
937
172 1
1898
1318
2204
140 6
107
1
c
>26
1. Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Japan, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden,
Switzerland, Turkey, United Kingdom. Data: U.S. Department of the Treasury. End-of-month rates. Index rebased by BEA.
2. Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, United Kingdom. Data: Federal Reserve Board. Monthly average rates. Index rebased by BEA.
3. Data: Federal Reserve Board. Monthly average rates. Indexes rebased by BEA.
aircraft all decreased after first-quarter surges. Automotive products increased $0.3 billion to $6.2 billion; an
increase in parts was partly offset by
lower deliveries of complete cars to
Canada. Consumer goods decreased
$0.2 billion to $3.2 billion.
Petroleum imports increased $1.9
billion, or 17 percent, to $13.2 billion;
the average number of barrels imported per day increased to 5.36 million
from 4.61 million. The increase reflected a partial rebound from a sharp
fall in the first quarter, when falling
prices may have led importers to
defer some purchases. In contrast to
declines in the three previous quarters, the average price per barrel rose
slightly—up 11 cents—to $26.97. Domestic petroleum stocks rose moderately after a substantial drop in the
first quarter.
Nonpetroleum imports decreased
$0.9 billion, or 1 percent, to $73.1 billion, all in volume. All major commodity categories except automotive
products decreased, probably due to
the slower growth of the domestic
economy. The dollar's second-quarter
depreciation probably had little or no
effect on imports, because exchange
rate changes affect trade flows only
with a time lag.
Foods, feeds, and beverages decreased $0.4 billion to $5.4 billion.
Nonpetroleum industrial supplies and
materials decreased $0.7 billion to
$14.7 billion; decreases in nonmonetary gold and in iron and steel were
partly offset by increases in coal and
nuclear fuels, lumber, and tobacco.
Capital goods decreased $0.5 billion to
$16.1 billion; large decreases in electrical machinery and in business machinery and computers were partly
offset by increases in aircraft and
parts, primarily from
Western
Europe. Consumer goods decreased
$0.3 billion to $16.7 billion; the largest
decreases were in electrical appliances and numismatic coins.
CHART 4
Industrial Production and
Merchandise Trade
1977 = 100
160
INDEXES OF INDUSTRIAL PRODUCTION1
Japan2
140
120
OECD Europe2
100
I
I
I
I
I
I
I
I
I
I
I
Billion 1972$
30
U,8, MERCHANDISE TRADE
20
teagrlcultutal
10
I
I I
1983
I
1984
I
Reports
i
1985
1. Data: United States, Federal Reserve Board; Other countries,
Organization for Economic Cooperation and Development. Indexes
rebased by BEA.
2. For second quarter 1985, estimated from incomplete monthly data.
U.S. Department of Commerce, Bureau of Economic Analysis
85-9-4
Automotive products, up $1.0 billion
to a record $16.3 billion, continued to
increase strongly. Strong domestic
auto sales have resulted in a near
doubling of imports during the past 3
years. Imports from areas other than
Canada accounted for the increase;
complete cars from Japan were especially strong. Restrictions on exports
of Japanese cars to the United States
were eased starting in the second
quarter.
By area, the increase in the merchandise trade deficit was accounted
for by the rise in the deficit with industrialized countries. The deficit
with industrial countries increased
$3.6 billion to $22.1 billion. The deficit
with Western Europe increased $2.3
billion to $6.4 billion, as U.S. exports
fell sharply and imports rose. A similar pattern held for Japan, where the
deficit increased $1.2 billion to $11.9
billion. The deficit with Canada was
unchanged at $3.9 billion, as both exports and imports increased. An $0.8
billion increase in the deficit with
members of OPEC to $2.7 billion reflected a decline in nonagricultural
exports and increased petroleum imports. This increase about offset a decrease in the deficit with other countries to $8.3 billion. Imports from
Latin America and from newly industrialized countries in Asia dropped
more than agricultural exports.
Service transactions
Net service receipts increased $2.2
billion to $4.5 billion in the second
quarter. Higher receipts of income on
direct investment more than accounted for the increase.
Receipts of income on U.S. direct
investment abroad increased $3.7 billion to $8.4 billion. The depreciation
September 1985
of the dollar contributed to a $3.3 billion shift to capital gains of $0.8 billion. Over the past 2 years, fluctuations in capital gains and losses,
caused primarily by changes in the
exchange value of the dollar, have
been a major source of fluctuations in
direct investment income and in net
service receipts. Operating earnings
(that is, earnings before capital gains
and losses, shown in table 5 as line 4
less line 3) increased $0.5 billion to
$8.8 billion; increases in Western
Europe and Canada more than offset
decreases in Latin America and Australia. Interest payments increased
$0.1 billion to $1.1 billion, largely reflecting payments to Netherlands Antilles finance affiliates. Payments of
income on foreign direct investment
in the United States were unchanged
at $2.4 billion.
Receipts of income on other private
investment decreased $0.3 billion to
$12.6 billion. A decline in bank-reported receipts, due to lower interest
rates, was partly offset by increased
receipts from bonds, due to larger
holdings. Payments increased $0.1 billion to $8.9 billion, due to heavy foreign investment in U.S. corporate
bonds. Receipts on U.S. Government
assets decreased $0.2 billion to $1.1
billion; payments were unchanged at
$5.3 billion, as an increase in foreign
holdings of Treasury securities was
offset by lower rates.
Net travel payments increased $0.3
billion to $1.3 billion. After a surge of
visitors from overseas, especially
Japan, in the first quarter, receipts
fell $0.3 billion to $2.9 billion; receipts
from Canada and Mexico also fell.
Payments were unchanged at $4.2 billion: overseas travel remained strong,
significantly above last year's levels.
Payments were up slightly to Canada,
but down slightly to Mexico. Passenger fare receipts decreased slightly to
$0.8 billion, and payments increased
to $1.9 billion. Other transportation
receipts decreased slightly to $3.5 billion, and payments increased slightly
to $4.0 billion.
Transfers under U.S. military
agency sales contracts decreased $0.4
billion to $2.3 billion. Deliveries of
aircraft, ships, and vehicles under
several major programs have now
been completed and a significant increase in deliveries is not expected
until late 1986. Direct defense expenditures decreased $0.1 billion to $2.8
billion.
SURVEY OF CURRENT BUSINESS
31
CHART 5
capital-asset ratios. Also, the concentration of credit demands in bond
markets and the recent development
of Euronote securities, which closely
substitute for syndicated bank lending
(see below), have reduced bank claims
(chart 5). These claims—on unaffiliated foreign banks and on other foreigners, respectively—decreased $3.9
billion and $1.9 billion, in the second
quarter. With the exception of increased claims on banks in the Caribbean and in Israel, reductions were
widespread and included large reductions on Canada, the United Kingdom, Italy, Japan, and Mexico. In contrast, claims on banks' own foreign offices increased for the third consecutive quarter; they were up $6.3 billion, compared with $1.7 billion in the
first quarter. The virtual disappearance of the differential between domestic and Eurodollar overnight rates
in the second quarter encouraged U.S.
banks to fund their own foreign offices, partly to meet those offices'
midyear seasonal demands; concurrently, a lag in the decline in the U.S.
prime rate contributed to a sharp increase in lending by foreign offices to
nonbank U.S. borrowers. U.S. banks'
domestic customers' claims decreased
$4.4 billion, mostly due to a sharp
drop in money market mutual funds'
holdings of Eurodollar deposits.
Net U.S. purchases of foreign securities decreased $0.6 billion to $1.9 billion; a sharp drop in net stock purchases was only partly offset by increased net bond purchases. Net stock
purchases were virtually zero, following a record $1.9 billion in the first
quarter. A moderate U.S. stock
market rally and sharply rising U.S.
bond prices, fueled by large decreases
in interest rates, shifted U.S. investors' interest to domestic markets.
U.S. investors may also have taken
profits following recent substantial
appreciation in the value of foreign
stocks and foreign currencies. Net
purchases of Canadian, British, and
Dutch stocks decreased, and there
was a shift to net sales of Japanese
stocks.
Placements of new bond issues
shifted to the U.S. market from the
Eurobond market: new foreign issues
in the United States increased $0.3
billion to $1.6 billion, as U.S. interest
rates decreased more than Eurobond
rates and as Eurobond dealers reduced their inventory of issues after
Claims on Unaffiliated Foreigners
Reported by U.S. Banks
Billion $
10
-5y On ynaffiilated Banks
Bon Nonbank Foreigners
-10
1983
1984
1985
NOTE.-Half-year periods shown.
U.S. Department of Commerce, Bureau of Economic Analysis
85-9-5
Net unilateral transfers increased
$0.2 billion to $3.4 billion. U.S. Government grants increased, largely due
to renewed payments to international
organizations' programs, which had
been negligible in the first quarter.
U.S. assets abroad
U.S. official reserve assets increased
$0.4 billion in the second quarter. Foreign currency holdings increased $0.2
billion, reflecting interest earnings on
foreign currency assets and acquisition of Argentine currency. The latter
was part of the U.S. portion of a
bridge loan to Argentina pending disbursement of a loan from the International Monetary Fund. Part of the
loan was used by Argentina to pay interest arrears to U.S. banks. Holdings
of special drawing rights also increased $0.2 billion.
U.S. claims on foreigners reported
by U.S. banks decreased $4.4 billion,
compared with virtually no change in
the first quarter. Claims on unaffiliated foreign banks and on other foreigners have decreased in recent
quarters, as only moderate economic
expansion abroad has limited the
demand for U.S. bank credit and as
U.S. banks have reduced their foreign
loan exposure and increased their
32
SURVEY OF CURRENT BUSINESS
record placements in the first quar- tries rebuilt dollar holdings while exter. Canadian issues increased $0.5 change markets were less volatile and
billion to $0.8 billion, despite a drop the stronger European currencies exin total international bond financing perienced capital inflows. Dollar holdby Canadian entities. European issues ings of OPEC members decreased $1.9
were up $0.3 billion to $0.5 billion. billion, slightly less than in the first
Trading in outstanding issues shifted quarter. Dollar holdings of other
$0.9 billion to net purchases of $0.7 countries increased $3.4 billion, combillion. Purchases of British gilt-edge pared with a decrease of $2.8 billion.
bonds increased $0.8 billion to $1.7
Purchases of U.S. Treasury securibillion; purchases were heavy early in ties by private foreigners and internathe quarter, when the pound tional financial institutions were $5.3
strengthened and British interest billion, compared with $2.6 billion in
rates rose slightly in contrast to rap- the first quarter (chart 6). A third
idly falling U.S. rates. Large pur- Foreign Targeted Treasury Note was
chases from Belgium were more than issued, amounting to $1.0 billion; two
offset by sales to the Netherlands An- previous issues, totaling $2.0 billion,
tilles, Japan, and several smaller fi- had been sold in the fourth quarter of
nancial centers. Redemptions were 1984. Japanese purchases of bonds ac$0.5 billion.
counted for more than one-half of the
U.S. direct investment abroad shift- second-quarter increase. In the first
ed to outflows of $4.1 billion from in- half of 1985, Japanese purchases of
flows of $1.9 billion in the first quar- bonds were $6.0 billion, $1.5 billion
ter. Reinvested earnings increased more than in all of 1984.
strongly to $6.5 billion from $0.2 bil- Liabilities to private foreigners and
lion, reflecting both a shift to capital international financial institutions regains because of dollar depreciation ported by U.S. banks, excluding U.S.
and a drop in distributed earnings. Treasury securities, increased $0.3 bilEquity capital shifted to outflows of lion, compared with a $13.3 billion in$0.4 billion, reflecting increased petro- crease. A large differential between
leum investment in one Latin Ameri- domestic and Eurodollar overnight
can country and the absence of the rates, which had favored bank borfirst-quarter's inflows from Canada. rowing from abroad late in the first
Intercompany debt inflows increased quarter, fell during the second. Conse$0.9 billion to $2.8 billion; transac- quently, inflows from banks' own fortions with Netherland Antilles fi- eign offices dropped to $0.9 billion
nance affiliates shifted $0.6 billion to from $4.1 billion; shifts to outflows to
outflows of $0.3 billion, probably re- Japan and Latin America were partly
flecting payments to retire those af- offset by a shift to inflows from the
United Kingdom. Liabilities to unaffiliates' Eurobonds.
filiated foreign banks shifted to a $3.8
billion decrease from a $5.7 billion inForeign assets in the United States
crease; British and Carribean banks
Foreign official assets in the United accounted for most of the shift. A
States increased $8.2 billion in the larger decline in U.S. interest rates
second quarter, in contrast to an $11.2 than in foreign rates probably was a
billion decrease in the first quarter contributing factor. Liabilities to
(table B). Following
first-quarter other foreigners increased $1.7 billion,
drawdowns related to heavy interven- almost all due to a single large intertion sales of dollars, developed coun- national institution.
Table D.—Selected Direct Investment Transactions With Netherlands Antilles Finance Affiliates
[Millions of dollars]
19 84
I
Capital
Equity capital
Reinvested earnings
Intercompany debt
..
Income
Of which interest
...
3,920
1 227
1041
6,188
-2918
4246
II
19 35
III
IV
II"
3,253
970
-1,025
5,248
1,165
2,116
873
-284
1,741
-295
3,296
-180
-294
1,347
-152
-1,136
327
225
179
281
n.a.
-301
-3,485
5263
-754
1 138
-850
1300
-920
1365
-960
— 1460
781
-1,206
n.a.
1286
292
885
902
387
lr
n.a.
-15
n.a. Not available.
"r Preliminary.
Revised.
NOTE.—Table shows only transactions with affiliates established primarily to borrow funds abroad and relend them to their
U.S. parents.
September 1985
CHART 6
Net Purchases and Sales of U.S.
Securities by Private Foreigners
Billion $
15
10
-5
1983
1984
U.S. Department of Commerce, Bureau of Economic Analysis
1985
85-9-6
Second-quarter data on U.S. liabilities to unaffiliated foreigners reported by nonbanking concerns are unavailable. However, newly reported
first-quarter data indicate that these
liabilities decreased $2.7 billion. Most
of the decrease reflected continued repayment of borrowing to finance
large mergers and acquisitions during
1984.
The data on U.S. liabilities to unaffiliated foreigners now include U.S.
corporations' drawings in the Euronote market through Euronote facilities (ENF's), which are short- and
medium-term note issuance arrangements operated primarily by banks.
ENF's are standby agreements to
raise funds in the Euronote market,
with amounts, maturities, and interest rate spreads all prearranged. Once
established with a group of investment bankers, a corporation draws on
its ENF as needed by selling its notes
in the Euronote market, which is
similar to the U.S. commercial paper
market. However, ENF's frequently
include guarantees by bank consortia
to lend to the corporation if the notes
cannot be sold. ENF's originated in
late 1984 largely as a technique for
banks to arrange financing for their
customers "off the balance sheet" so
September 1985
SURVEY OF CURRENT BUSINESS
that banks' capital-asset ratios would
not be affected. ENF's were not utilized by U.S. companies until 1985,
when a $1.0 billion facility was established in the first quarter and $5.0
billion in facilities were established in
the second. Although actual drawings
cannot be separately identified, it is
believed that the facility established
in the first quarter was fully drawn,
but that little or none of the facilities
established during the second quarter
was drawn.
stocks and appreciation of the pound.
Net Japanese transactions shifted
$0.4 billion to $0.2 billion in purchases. Purchases from the Caribbean, primarily the Netherlands Antilles and Bermuda, were up $0.2 billion
to $0.5 billion; steady purchases from
the Caribbean over the past six quarters contrast sharply with the selloff
from other regions.
Net foreign purchases of U.S. securities decreased to $7.1 billion from a
record $9.5 billion. A shift to net purchases of U.S. stocks was more than
offset by a drop in purchases of Eurobonds issued by U.S. corporations. A
four-quarter selloff of U.S. stocks
ended in the second quarter with a
$1.5 billion shift to $0.4 billion in net
purchases, possibly because of the
moderate stock market rally. Net
sales by Western Europeans fell by
two-thirds to $0.4 billion, the slowest
pace in five quarters. Net sales by
Switzerland, the Netherlands, Germany, and France decreased, but sales
by the United Kingdom increased because of continued strength in British
New bond issues sold abroad by
U.S. corporations were substantial—
$5.3 billion, although down from a
record $9.6 billion. Total bond financing by U.S. corporations was at a
record in the second quarter, but a
narrowing of the differential between
U.S. and Eurobond interest rates led
many U.S. borrowers to shift some financing to the domestic market. In
addition, record Eurobond placements
in the first quarter left dealers with
large unsold inventories. Much of the
second-quarter activity was corporate
refinancing to lock in lower long-term
rates and roll over short-term debt,
but some substituted for the marked
slowdown in international lending by
U.S. and foreign banks. U.S. banks
themselves were major borrowers
during the quarter, issuing $1.8 bil-
33
lion in floating-rate notes. Purchases
of other outstanding U.S. corporate
bonds increased $0.4 billion to $0.8
billion; purchases by Japanese institutional investors, who also accounted
for nearly all of the $0.6 billion in
purchases of U.S. agency bonds, were
heavy. Recent partial easing of restrictions on capital exports by Japan
has led to large net purchases of U.S.
domestic bonds and Eurobonds by
Japanese corporations and pension
funds seeking to diversify their assets
and obtain high returns on dollar-denominated bonds. Most of the balance
of purchases was accounted for by the
Netherlands, Belgium, and Hong
Kong.
Inflows for foreign direct investment in the United States were $4.9
billion, compared with $2.1 billion. Intercompany debt transactions shifted
from small outflows to inflows of $2.4
billion: payables increased sharply
due to large loans by two European
companies to their U.S. affiliates to
complete financial arrangements for
earlier purchases of U.S. companies.
Equity capital inflows fell to $1.7 billion from $2.1 billion. Reinvested
earnings increased $0.2 billion to $0.8
billion.
Table 1-2.—U.S. International Transactions
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
(Credits + ; debits -) »
1984
I
1 Exports of goods and services
2
2
3
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
4
5
6
Travel
Passenger fares
Other transportation
7
8
9
10
Fees and royalties from affiliated foreigners
Fees and royalties fron unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
11
12
13
Receipts of income on U.S. assets abroad:
Direct investment.
Other private receipts
U.S. Government receipts
14 Transfers of goods and services under U.S. military grant
programs, net.
15 Imports of goods and services
16
17
Merchandise adjusted excluding military 3
Direct defense expenditures
18
19
20
Travel
Passenger fares
Other transportation
21
22
23
24
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
25
26
27
Payments of income on foreign assets in the United
States:
Direct investment
Other private payments
U.S. Government payments
28 U.S. military grants of goods and services net
29 Unilateral transfers (excluding military grants of goods
and services), net.
30
31
32
U.S. Government grants (excluding military grants of
goods and services).
U.S. Government pensions and other transfers
Private remittances and other transfers
33 U.S. assets abroad, net (increase/capital outflow (-))
II
1985
1984
1985
III
IV
Ir
HP
II
I
III
IV
lr
HP
362,421
90,611
90,766
88,770
92,274
88,469
90,805
90,764
88,996
91,124
91,539
88,939
88,846
220,316
10,086
55,857
2,555
56,276
2,476
53,580
2,590
56,603
2,466
55,590
2,713
55,051
2,254
53,753
2,555
54,677
2,476
55,530
2,590
56,355
2,466
55,707
2,713
53,245
2,254
11,386
3,023
13,799
2,782
679
3,241
2,949
881
3,374
3,200
849
3,670
2,455
614
3,515
3,022
656
3,510
2,994
824
3,495
2,855
804
3,307
2,814
818
3,354
2,824
682
3,602
2,893
719
3,536
3,129
780
3,582
2,863
767
3,475
6,530
1,585
7,463
624
1,515
391
1,884
120
1,543
393
1,824
185
1,655
397
1,886
172
1,817
404
1,869
147
1,528
415
1,915
218
1,527
423
1,940
229
1,575
391
1,884
138
1,578
393
1,824
167
1,700
397
1,886
144
1,677
404
1,869
175
1,585
415
1,915
245
1,563
423
1,940
212
23,078
59,301
5,230
8,462
13,899
1,226
4,651
14,902
1,313
3,539
15,874
1,360
6,427
14,626
1,332
4,724
12,922
1,256
8,440
12,610
1,017
8,411
13,899
1,192
4,598
14,902
1,395
4,579
15,874
1,316
5,491
14,626
1,328
4,683
12,922
1,263
8,415
12,610
1,079
190
41
44
45
61
10
15
41
44
45
61
10
15
452,539 -106,822 -113,180 -121,644 -110,894 -114,740 -119,510 -107,616 -111,257 -120,748 -112,921
116,092
117,305
-328,597 -79,714 -81,435 -87,504 -79,944 -85,210 -87,505
2820
-11,851 -2,901 -3,069 -2,840 -3,041 -2,925
79322 -80,326 -88,037 -80,912 -85,239 -86,246
2,820
-2,901 -3,069 -2,840 -3,041 -2,925
-16,008
6508
-14,666
-2,893
-1,340
3384
-4,239
-2,116
3587
-5,389
-1,730
4053
-3,487
-1,322
3642
-3,236
1535
3849
-4,581
2432
-4,135
-3,728
-1,519
3472
-3,903
-1,645
3487
4070
-1,642
-3,971
-4,307
-1,702
3736
4 163
-1,738
-3,947
-4,199
1,887
-4,019
187
-329
-3,762
-2,133
99
-79
-910
-433
-30
81
-922
-424
-155
83
-887
-490
101
86
-1,043
-787
64
-89
-988
-515
15
-91
-977
-431
99
79
-910
-516
-30
81
-922
-517
-155
-83
-887
-550
-101
-86
-1,043
-551
-64
-89
988
-608
-15
-91
-977
-529
-10,188
38543
-19,769
-2,146
-8,466
-4,656
-2,640 -2,792
-9,875 -10,662
-4,762 -5,059
-2,611
9,540
-5,291
-2,295
8740
-5,296
-2,400
8850
-5,272
-2,146
-8,466
-4,656
2792
2640
-9,875 -10,662
4762 -5,059
2611
-9,540
-5,291
2295
-8,740
-5,296
-2,400
8,850
-5,272
190
41
44
45
61
-10
15
-41
-44
-45
-61
-10
-15
-11,413
-2,184
-2,240
-2,850
-4,139
-3,145
-3,360
-2,212
-2,232
-2,876
-4,095
-3,172
-3,352
-8,522
-1,480
-1,522
-2,207
-3,313
-2,238
-2,511
-1,480
-1,522
-2,207
-3,313
-2,238
-2,511
-1,591
1300
-392
312
-412
307
382
-262
406
-420
410
-497
-391
-458
-392
-340
-412
-298
-382
-287
-406
-376
-410
-524
-391
-450
-6,066 -19,433
18,364 -14,846
-365
-2,862
-799
-1,110
-233
-356
-194
-143
-772
-264
281
-250
180
72
-248
-4,976 -18,988
18,418
-13,365
-1,579
-3,184
34
35
36
37
38
U.S. official reserve assets, net 4
Gold
Special drawing rights
Reserve position in the International Monetary Fund ....
Foreign currencies
-3,131
-657
-566
-799
-1,110
-233
-356
-657
566
979
-995
-1,156
226
-200
-231
288
-321
44
271
-331
-197
-194
-143
-772
-264
281
-250
180
72
-248
-226
-200
-231
-288
-321
44
-271
-331
197
39
U.S. Government assets, other than official reserve
assets, net.
U.S. credits and other long-term
assets
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S. short-term
assets, net.
-5,516
-2,148
-1,335
-1,409
-624
-937
-830
-2,059
-1,353
-1,369
-734
-850
-849
-9,619
4,483
-380
-2,784
888
-251
-2,713
1,378
(*)
-2,203
924
-130
-1,919
1,294
1
1776
931
-93
-2,139
1,060
249
-2,784
976
-251
-2,713
1,360
-2,203
964
-130
-1,919
1,184
1
-1,776
1,019
-93
-2,139
1,041
249
40
41
42
43
44
45
46
47
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S.
nonbanking concerns.
U.S. claims reported by U.S. banks, not included
elsewhere.
48 Foreign assets in the United States, net (increase/capital
inflow ( + )).
49
50
51
52
53
54
55
56
57
58
59
60
61
Foreign official assets in the United States, net
U.S. Government securities6
U.S. Treasury
securities . .. .
Other 7
Other U S Government liabilities 8
U.S. liabilities reported by U.S. banks, not included
elsewhere.
Other foreign official assets 9 ..
Other foreign assets in the United States net
Direct investment
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.
U.S. liabilities reported by U.S. banks, not included
elsewhere.
-20,447
-11,800
4503
-5,059
6,266
3262 -17,532
-4,114
1,502
673
756
1,908
1,289
20,625 -11,631
2,114
-4,005
1313 -3,663
2,099
970
409
749
-2,494
1,201
1998
4 486
-1,862
n.a.
-2,260 -17,070
1,964
-3,112
756
673
1,908
1,289
20,532
2,021
-1,313
2,099
13,003
-5,377
-3,663
970
718
1,876
-2,494
1,201
- 1,657
4 145
-1,862
n.a.
-8,504
-1,110 -20,186
17,725
-4,933
135
4,350
-1,110 -20,186
17,725
-4,933
135
4,350
33,310
13,711
25,789
19,277
41,592
3,140
33,310
13,711
25,789
7,119 -11,204
5,747 -7,526
5,814 -7,219
-67
-307
462
197
2,052 -3,099
8,154
8,657
8,521
136
503
-185
-2,786
272
-275
g
233
-2,147
-224
128
274
146
555
328
-686
-490
575
85
139
430
7,119 -11,204
5,747 -7,526
7219
5,814
-307
-67
462
197
2,052 -3,099
8,154
8,657
8,521
136
503
-185
97,319
19,277
41,592
3,140
3,424
4,857
4,690
167
453
663
-2,786
-272
275
3
233
-2,147
-224
128
-274
146
555
328
-686
490
-575
85
-139
430
-2,549
600
-979
-487
-483
-117
-821
-600
-979
-487
-483
-117
-821
93,895
22,514
22,440
12,983
4,284
22,063
3,305
1,396
1,494
4,520
41,816
9,289
6,485
506
4,566
3,825
5,228
5,058
1,603
-2,939
26,191
4,692
9,501
9,380
-1,863
24,915
2,082
2,633
9,510
-2,655
17,636
4,902
5,291
7,117
n.a
22,063
3,305
1,396
1,494
4,520
41,816
9,289
6,485
506
4,566
3,825
5,228
5,058
1,603
-2,939
26,191
4,692
9,501
9,380
-1,863
24,915
2,082
2,633
9,510
-2,655
17,636
4,902
5,291
7,117
n.a.
31,674
11,348
20,970
-5,125
4,481
13,345
326
11,348
20,970
-5,125
4,481
13,345
326
24,660
5,185
2,495
14,167
2,813
17,284
9,461
62 Allocations of special drawing rights
63 Statistical discrepancy (sum of above items with sign
reversed).
Of which seasonal adjustment discrepancy
63a
Memoranda:
64 Balance on merchandise trade (lines 2 and 16)
65 Balance on goods and services (lines 1 and 15) 10
66 Balance on goods, services, and remittances (lines 65, 31,
and 32).
67 Balance on current account (lines 65 and 29) 10
68
69
Transactions in U.S. official reserve assets and in foreign
official assets in the United States:
Increase ( — ) in U.S. official reserve assets, net (line 34) ..
Increase ( + ) in foreign official assets in the United
States (line 49 less line 53).
See footnotes on page 52.
4,763
1,889
10,997
7,013
16,979
8,883
-422
-606
-3,170
4,200
-305
-578
108 281 -25,857 -25,159 -33,924 -23,341
29 620 -32,454 -25,569 -25,649 -32,507 -24,557 -29,532 -33,001
32874
18619 -26,272 -28,706 -16,852 -22,261 -29,624 -21,382 -27,153 -28,459
-90,119 -16,212 -22,414
-29,555 -17,584 -22,971 -30,293 -22,164 -28,087 -29,300
-27,179
-93,010 -16,915 -23,132 -33,517 -19,445
-101,532 -18,395 -24,654
-3,131
2,971
-657
-3,019
-566
-779
35724
-799
-547
22759 -29,416 -32,066 -19,064
-233
-1,110
7,316 -10,742
-356
7,651
-657
-3,019
-24,493
-566
-779
-32,500 -25,477
-799
-547
-1,110
7,316
-30,325 -31,811
-233
-10,742
-356
7,651
SURVEY OF CURRENT BUSINESS
September 1985
35
Table 3.—U.S. Merchandise Trade
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1984
1984
I
II
217,865
53,782
54,894
223
60
52
IV
lr
II"
53,270
55,919
56,146
54,322
38
73
67
57
III
1985
1984
1985
II
III
IV
lr
II"
53,002
53,204
55,487
55,948
55,701
52,628
60
52
38
73
67
57
I
A Balance of payment adjustments to Census trade data:
EXPORTS
1 Merchandise exports, Census basis 1 including reexports and
excluding military grant shipments.
Adjustments:
2
Private gift parcel remittances
3
Gold exports, nonmonetary
330
45
38
57
190
131
38
45
38
57
190
131
38
4
5
6
Inland U.S. freight to Canada
U.S.-Canadian reconciliation adjustments, n.e.c., net 2
Merchandise exports transferred under U.S. military
agency
sales contracts identified in Census documents.3
Other adjustments, net 4
Of which quarterly seasonal adjustment discrepancy 5
1,541
4,961
-5,719
369
1,283
-1,344
412
1,353
-1,276
382
1,512
-1,535
378
813
-1,564
358
1,291
-1,498
408
1,453
-1,475
381
1,283
- 1,344
394
1,353
-1,276
386
1,512
-1,535
380
813
-1,564
368
1,291
-1,498
384
1,453
-1,475
247
326
665
912
110
-415
-271
515
278
-353
549
157
-96
9 Equals: Merchandise exports, adjusted to balance of payments
basis excluding "military" (table 1, line 2).
220,315
53,856
56,276
53,580
56,603
55,590
55,050
53,753
54,677
55,530
56,355
55,707
53,245
325,726
79,346
80,732
86,460
79,188
83,502
88,009
79,572
79,362
86,610
80,047
84,411
86,405
1,074
474
1,504
775
-795
272
70
414
370
-149
241
149
363
98
-204
301
141
361
107
-239
260
114
366
200
-203
224
138
362
268
52
392
355
141
361
107
-239
236
114
366
200
-203
268
52
392
-275
245
149
363
98
-204
224
138
362
-239
238
70
414
370
-149
-239
-275
-161
-609
56
373
19
1,222
-940
-1,193
-585
313
257
702
329
152
134
342
-880
-596
346
7
8
1,114
-339
803
-144
794
-905
IMPORTS
10 Merchandise imports, Census basis l (general imports)
Adjustments:
11
12
13
14
15
16
17
Klectric energy
Gold imports, nonmonetary
Inland freight in Canada
U.S.-Canadian reconciliation adjustment, n.e.c., net 2
Merchandise imports 3of U.S. military agencies identified in
Census documents.
Other adjustments, net 6
Of which quarterly seasonal adjustment discrepancy 5
18 Equals: Merchandise imports, adjusted to balance of payments
basis, excluding "military" (table 1, line 16).
328,597
79,714
81,435
87,504
79,944
85,210
87,504
79,321
80,326
88,037
80,913
85,239
86,246
B Merchandise trade, by area and country, adjusted to balance of
payments basis, excluding military: 7
EXPORTS
1 Total, all countries
220,315
53,856
56,276
53,580
56,603
55,590
55,050
53,753
54,677
55,530
56,355
55,707
53,245
2
3
4
5
6
7
8
9
10
11
Western Europe
European Communities (10)
Belgium and Luxembourg
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Western Europe, excluding EC (10)
57,055
46,527
5,213
6,075
8,812
4,322
7,525
12,232
2,348
10,529
14,847
11,903
1,297
1,561
2,269
1,158
2,067
2,982
570
2,945
14,056
11,573
1,291
1,540
2,169
1,146
1,892
2,949
587
2,484
13,274
11,014
1,283
1,442
2,053
948
1,587
3,107
594
2,261
14,877
12,037
1,342
1,532
2,321
1,070
1,979
3,195
598
2,840
15,023
12,265
1,241
1,586
2,429
1,267
1,796
3,299
647
2,758
13,894
11,393
1,145
1,514
2,266
1,231
1,786
2,767
685
2,501
14,823
11,907
1,295
1,568
2,271
1,155
2,047
3,000
570
2,917
13,642
11,217
1,248
1,490
2,098
1,115
1,862
2,837
567
2,425
13,748
11,379
1,329
1,481
2,119
984
1,657
3,192
615
2,369
14,843
12,025
1,341
1,535
2,324
1,067
1,959
3,202
596
2,818
15,070
12,321
1,251
1,600
2,440
1,265
1,785
3,333
648
2,749
13,402
10,987
1,102
1,455
2,182
1,187
1,740
2,662
662
2,414
12
13
14
Canada2
Japan
Australia, New Zealand, and South Africa
53,135
23,248
7,877
12,923
5,582
1,944
14,556
6,015
2,068
12,978
5,683
1,928
12,679
5,968
1,937
13,433
5,873
1,689
15,145
5,335
1,672
13,033
5,524
1,953
14,080
5,891
2,001
13,291
5,941
1,983
12,732
5,892
1,940
13,564
5,850
1,707
14,608
5,198
1,605
15
Eastern Europe
4,306
974
947
924
1,461
1,176
856
934
962
1,008
1,401
1,122
862
16
17
18
19
20
Latin America and Other Western Hemisphere
Brazil
Mexico
Venezuela . . .
Other
29,789
2,749
12,037
3,395
11,608
6,876
509
2,816
841
2,710
7,298
671
2,904
809
2,914
7,568
781
3,046
829
2,914
8,047
789
3,271
917
3,071
7,703
864
3,426
750
2,663
7,487
734
3,355
817
2,581
6,850
508
2,804
835
2,704
7,082
651
2,820
789
2,823
7,851
809
3,152
863
3,028
8,006
782
3,262
908
3,054
7,704
861
3,424
750
2,670
7,243
710
3,241
792
2,500
21
22
23
24
25
26
27
28
Other countries in Asia and Africa
Asia
Members of OPEC ..
China
Hong Kong
Korea, Republic of ...
Singapore
Taiwan
44,872
39,045
8,414
3,010
3,112
5,905
3,693
4,775
10,710
9,350
2,220
570
656
1,387
824
1,102
11,303
9,854
2,110
578
835
1,602
941
1,165
11,225
9,595
2,052
824
772
1,460
859
1,164
11,634
10,246
2,032
1,038
849
1,456
1,069
1,344
10,641
9,277
1,685
775
767
1,468
904
1,163
10,563
9,017
1,505
963
737
1,631
881
1,020
10,634
9,308
2,218
561
656
1,369
830
1,092
10,987
9,564
2,044
560
809
1,567
907
1,136
11,711
9,980
2,130
857
799
1,526
883
1,220
11,541
10,193
2,022
1,033
848
1,444
1,073
1,327
10,638
9,299
1,694
782
770
1,461
915
1,154
10,225
8,709
1,455
927
712
1,589
846
995
5,534
1,320
1,309
357
1,382
308
1,551
278
1,293
376
1,412
412
1,582
411
1,278
351
1,354
305
1,641
295
1,261
369
1,387
405
1,552
405
52
99
51
102
36,018
3,003
16,517
36,045
2,866
16,041
36,192
3,004
16,460
34,813
2,780
15,550
29
30
31
Africa
Members of OPEC
International organizations and unallocated
33
33
33
Memoranda:
32
33
34
Industrial countries7 7
Members of OPEC
Other countries 7
See footnotes on page 52.
,
141,315
13,778
65,189
35,296
3,614
14,945
36,694
3,373
16,175
33,864
3,305
16,413
35,461
3,485
17,656
35,333
3,600
14,818
35,613
3,279
15,752
34,962
3,441
17,129
35,406
3,458
17,490
September 1985
SURVEY OF CURRENT BUSINESS
36
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1984
1984
I
II
III
IV
lr
1985
1984
1985
II p
I
III
II
IV
Ir
II P
B Merchandise trade, by area and country, adjusted to balance of
payments basis, excluding military 7 — Continued
IMPORTS
35 Total, all countries
36
Western Europe
37
European Communities (10)
38
Belgium and Luxembourg
39
France
40
Germany Federal Republic of
41
Italy
42
Netherlands
43
United Kingdom
44
Other
45
Western Europe, excluding EC (10)
Canada2
Japan
Australia New Zealand and South Africa
46
47
48
328,597
71,004
57,013
3,114
7,999
16,922
7,912
4,047
14,387
2,633
13,991
79,714
17,669
14,228
829
1,985
4,383
1,876
1,065
3,491
600
3,441
81,435
17,089
13,664
756
1,792
4,151
1,769
1,106
3,447
643
3,425
87,504
19,127
15,301
832
2,377
4,296
2,369
963
3,772
693
3,826
79,944
17,119
13,819
697
1,846
4,092
1,898
912
3,677
697
3,300
85,210
19,189
15,290
820
2,168
5,043
2,298
942
3,255
764
3,899
87,504
20,155
16,291
895
2,581
4,988
2,360
1,104
3,662
701
3,865
79,321
17,620
14,187
827
1,985
4,386
1,873
1,055
3,460
599
3,433
80,326
16,817
13,446
744
1,756
4,071
1,737
1,096
3,410
631
3,370
88,037
19,224
15,379
836
2,386
4,315
2,380
970
3,797
696
3,845
80,913
17,344
14,000
707
1,871
4,150
1,923
925
3,720
707
3,344
85,239
19.227
15,321
822
2,176
5,060
2,303
942
3,252
766
3,907
86,246
19,828
16,027
879
2,535
4,897
2,323
1,090
3,615
689
3,802
69,515
57,270
5,596
17,019
12,999
1,258
17,961
14,063
1,428
16,620
16,393
1,490
17,916
13,816
1,419
17,484
16,542
1,373
18,816
17,441
1,438
16,960
13,010
1,258
17,680
13,790
1,403
16,755
16,462
1,497
18,120
14,009
1,437
17,506
16,600
1,375
18,534
17,123
1,416
49
Eastern Europe
2,151
480
430
643
599
536
533
475
425
646
605
535
528
50
51
52
53
54
Latin America and Other Western Hemisphere
Brazil
Mexico
Venezuela
.
Other
48,014
7,600
18,038
6,543
15,832
12,401
1,657
4,592
1,530
4,622
11,886
1,742
4,497
1,769
3,878
12,096
2,145
•4,438
1,657
3,856
11,631
2,057
4,512
1,587
3,476
12,063
2,022
4,620
1,565
3,857
11,247
1,776
4,987
1,431
3,053
12,251
1,653
4,537
1,489
4,572
11,817
1,712
4,471
1,783
3,850
12,190
2,154
4,472
1,674
3,891
11,757
2,082
4,559
1,597
3,519
11,988
2,025
4,591
1,536
3,837
11,155
1,747
4,952
1,437
3,018
55
56
57
58
59
60
61
62
Other countries in Asia and Africa
Asia
Members of OPEC
China
Hong Kong
Korea, Republic of
Singapore
Taiwan
75,047
63,102
11,518
3,062
8,228
9,608
3,923
14,772
17,888
14,827
2,516
739
1,929
2,153
968
3,380
18,579
15,411
3,078
753
1,742
2,417
929
3,635
21,136
18,063
3,285
881
2,435
2,909
1,077
4,387
17,444
14,801
2,639
690
2,122
2,128
949
3,370
18,023
15,876
1,853
871
2,176
2,498
1,117
4,120
17,874
15,037
1,936
930
1,768
2,515
1,075
4,025
17,745
14,755
2,450
736
1,928
2,155
966
3,383
18,396
15,209
3,098
743
1,706
2,373
912
3,565
21,264
18,158
3,316
885
2,444
2,921
1,082
4,407
17,642
14,980
2,654
698
2,150
2,158
962
3,417
18,006
15,883
1,828
870
2,183
2,507
1,118
4,134
17,661
14,815
1,940
920
1,735
2,470
1,057
3,951
11,847
6,839
3,043
1,706
3,145
1,976
3,051
1,699
2,609
1,459
2,118
1,149
2,814
1,741
2,972
1,657
3,164
1,996
3,084
1,718
2,628
1,467
2,093
1,130
2,822
1,752
203,385
26,593
98,618
48,945
6,217
24,552
50,540
7,221
23,673
53,630
7,073
26,801
50,270
6,082
23,592
54,588
5,029
25,593
57,850
5,464
24,191
48,849
6,053
24,419
49,689
7,276
23,362
53,937
7,146
26,954
50,909
6,119
23,885
54,709
4,951
25,579
56,900
5,483
23,816
25,649 -32,507 -24,558 -29,532
-5,476 -2,501 -4,157
-4,000
1,976 -3,000
429
634
493
-576
-335
-905
2195 -1,826 -2,619
-1,395
-855 -1,038
843
687
1,034
81
-518
-605
-119
-111
81
1,158
-525
-1,476
33001
63
64
.
Africa
Members of OPEC
65
International organizations and unallocated
Memoranda:
Industrial countries7 7
Members of OPEC
Other countries 7
66
67
68
BALANCE (EXCESS OF EXPORTS +)
69 Total, all countries
. .
70
Western Europe
71
European Communities (10)
72
Belgium and Luxembourg
73
France
74
Germany, Federal Republic of
75
Italy
76
Netherlands
77
United Kingdom
78
Other
79
Western Europe, excluding EC (10)
....
80
Canada 2
81
Japan
82
Australia, New Zealand, and South Africa
83
Eastern Europe
84
Latin America and Other Western Hemisphere
85
Brazil
86
Mexico ...
....
87
Venezuela
88
Other
89
90
91
92
93
94
95
96
97
98
99
Other countries in Asia and Africa
Asia
Members of OPEC
China
. .
Hong Kong
Korea Republic of
Singapore
.. .
Taiwan
Africa
Members of OPEC
International organizations and unallocated
-108,282 -25,858 -25,159 -33,924 -23,341 -29,620 -32,454 -25,568
-13,949 -2,822 -3,033 -5,853 -2,242 -4,166 -6,261 -2,797
2325
3025
4898 -2,281
10486
2092 -4,288 -1,781
468
467
251
2,099
646
421
535
451
417
-582
1068
-1,924
424
-252
-313
-935
-8,110 -2,114 -1,982 -2,243 -1,771 -2,613 -2,722 -2,116
718
-1,032
-3,590
718
-828
-1,128
-623 -1,421
992
1,003
1,067
854
682
3,479
786
623
460
44
895
2155
509
-498
-665
-483
-29
-30
-117
-16
-57
-99
-285
99
517
497
-941
-460
1
140
-1,364
-3,463
-1,565
4096
3405
3,671 -3,928
16380
3642 -5,237 -4,051
-34,023 -7,417 -8,048 -10,710 -7,849 -10,669 -12,106 -7,486
695
2,281
686
640
438
518
315
233
494
862
323
459
2,155
518
281
639
-18,225 -5,525 -4,588 -4,527 -3,585 -4,360 -3,760 -5,401
4,851 -1,149 -1,070
1364 -1,268 -1,158 -1,042 -1,145
1734
-6,002 -1,775 -1,593 -1,393 -1,241 -1,194 -1,633
-654
-690
-960
-671
-614
-3,148
-828
-814
472 -1,868
4224 -1,912
965
943
405
1 194
-30,175
-24,057
-3,104
-52
-5,116
3702
-230
9 997
-6,314
-5,519
33
-7,178 -7,276
-5,477 -5,557
296
-968
-169
-175
-907
-1,273
815
-766
-144
13
-2,278 -2,470
-9,911 -5,810
4 555
-8,468
-607
-1,233
348
-56
-1,663 -1,272
672
1 449
120
-218
2026
-3,224
-1,734 -1,763 -1,500
1348 -1,668 -1,421
33
1316
-1,083
-3,175
-2,229
504
-266
-1,973
-621
766
-573
64
-945
-3,600
7899
598
538
4735
-1,061
-1,652
994
-1,028
7409
-7,382 -7,311 -7,111
6020 -5,447 -5,645
-6,599
-232 -1,054
-168
431
184
33
-175
-96
-897
-1,410 -1,031 -1,272
-806
786
1 031
883
5
-136
-212
-194
-2,957 -3,005 -2,291 -2,429
-706
-737
-1,232
-1,329
52
99
-3,464 -5,388 -3,942
10522 -8,116 -10,751
332
503
486
586
796
362
-4,339 -3,751 -4,284
-1,345 -1,300 -1,164
1,167
-1,320 -1,298
-786
-688
812
-465 -1,167
-863
-3,926
-11,925
189
334
-3,912
-1,037
1,712
-645
-518
-9,553 -6,101 -7,368 -7,436
-8,179 -4,786 -6,584 -6,106
4.85
-134
-632
-1,186
7
-88
-28
335
1302 -1,413 -1,023
1645
1046
-882
-715
-1,396
-203
-211
199
111
2980
2957
-3,187 -2,090
-1,694 -1,810 -1,443 -1,367
1098
-1,306 -1,692
1423
33
6,426
-5,040
223
-1,079
-2,715
-1,136
651
-953
-27
-1,387
706
1270
-725 -1,347
51
102
Memoranda:
100
101
102
Industrial countries7 7
Members of OPEC
Other countries 7
See footnotes on page 52.
-62,070 -13,649 -13,846 -19,766 14,809 -18,571 21805 13,516 -14,076 -18,975 -15,503 -18,517 -22,087
-12,815 -2,602 -3,848 -3,768 -2,597 -2,027 -2,598 -2,453 -3,997 -3,705 -2,660 -1,946 -2,703
33430 -9,607
7498 10389 -5,937 -9,075 -8,150 -9,600
7609 -9,825
6396 -9,119 -8,311
SURVEY OF CURRENT BUSINESS
September 1985
37
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1984
1984
I
II
III
IV
r
l
1985
1984
1985
11"
I
II
III
IV
lr
II"
C Merchandise trade, by principal end use category,
adjusted to
balance of payments basis, excluding military.2
EXPORTS
220,315
38,415
181,900
53,856
10,883
42,973
56,276
9,091
47,185
53,580
8,320
45,260
56,603
10,121
46,482
55,590
8,889
46,701
55,050
6,924
48,126
53,753
10,283
43,470
54,677
9,348
45,329
55,530
9,217
46,313
56,355
9,567
46,788
55,707
8,367
47,340
53,245
7,108
46,137
Foods feeds, and beverages
Foods, feeds, and beverages —agricultural
Grains
. .
Soybeans
Other agricultural foods, feeds and beverages
Nonagricultural foods, feeds, and beverages
31,662
30,696
18,154
5,448
7,093
966
8,802
8,642
4,860
1,904
1,877
160
7,444
7,270
4,156
1,389
1,725
174
7,225
6,792
4,516
708
1,568
433
8,191
7,992
4,621
1,447
1,924
199
6,888
6,719
3,865
1,287
1,567
168
5,612
5,403
3,115
729
1,560
208
8,592
8,334
4,605
1,657
2,071
258
7,702
7,468
4,293
1,520
1,655
234
7,543
7,300
4,618
1,007
1,674
243
7,825
7,595
4,638
1,265
1,6,93
230
6,746
6,474
3,689
1,078
1,707
272
5,804
5,526
3,205
782
1,539
278
10
11
12
13
14
15
16
17
Industrial supplies and materials
Agricultural
Nonagricultural
Energy products
Fuels and lubricants
Petroleum and products
Other nonagricultural
Nonmonetary gold
63,338
7,272
56,066
9,668
9,657
4,675
46,398
2,210
15,126
2,126
13,000
1,952
1,943
985
11,048
392
16,053
1,699
14,354
2,683
2,683
1,201
11,671
406
16,225
1,441
14,783
2,521
2,520
1,049
12,262
807
15,935
2,006
13,929
2,512
2,511
1,439
11,417
606
15,714
2,066
13,649
2,410
2,410
1,313
11,238
464
14,925
1,427
13,498
2,334
2,328
1,006
11,164
296
15,140
1,834
13,306
2,172
2,163
973
11,134
392
15,627
1,759
13,868
2,556
2,555
1,189
11,313
406
16,511
1,829
14,682
2,439
2,439
1,060
12,243
807
16,060
1,851
14,209
2,501
2,501
1,452
11,708
606
15,830
1,788
14,041
2,700
2,700
1,299
11,341
464
14,529
1,489
13,039
2,195
2,189
994
10,845
296
18
19
20
21
22
Capital goods, except automotive
Machinery, except consumer-type
Civilian aircraft, complete— all types
Parts and engines for civilian aircraft
Other transportation equipment
73,225
61,509
4,227
5,781
1,708
17,665
14,934
855
1,486
390
18,678
15,643
1,247
1,418
370
17,953
15,323
821
1,405
404
18,930
15,610
1,304
1,472
544
19,679
16,048
1,667
1,531
434
19,494
15,734
1,743
1,601
416
17,862
15,121
879
1,468
393
18,055
15,245
1,072
1,378
360
18,514
15,542
1,110
1,457
404
18,795
15,600
1,166
1,479
551
19,909
16,248
1,712
1,510
439
18,812
15,361
1,487
1,555
409
23
24
25
Automotive vehicles, parts and engines
To Canada
To all other areas
22,326
16,962
5,364
5,675
4,395
1,281
5,996
4,676
1,320
5,164
3,840
1,324
5,492
4,052
1,440
6,118
4,751
1,367
6,960
5,499
1,460
5,526
4,244
1,282
5,372
4,051
1,320
5,783
4,440
1,343
5,646
4,227
1,419
5,976
4,607
1,370
6,246
4,786
1,461
26
27
Consumer goods (nonfood) except automotive
All other, including balance of payments adjustments not
included in lines C 4-26.
13,830
15,932
3,467
3,122
3,549
4,555
3,422
3,592
3,392
4,662
3,447
3,742
3,334
4,726
3,491
3,144
3,426
4,494
3,490
3,689
3,424
4,605
3,469
3,776
3,219
4,636
28 Total (A-18)
328,597
79,714
81,435
87,504
79,944
85,210
87,504
79,321
80,326
88,037
80,913
85,239
86,246
29
30
Petroleum and products
Nonpetroleum products
57,480
271,117
14,335
65,379
14,756
66,679
14,272
73,232
14,117
65,827
11,535
73,675
13,102
74,402
13,915
65,406
14,926
65,400
14,440
73,597
14,199
66,714
11,305
73,934
13,194
73,052
31
Foods, feeds, and beverages
21,059
5,186
5,186
5,391
5,295
5,749
5,469
5,180
5,059
5,635
5,186
5,715
5,356
1 Total (A-9)
2
Agricultural products
3
Nonagricultural products . .
4
5
6
7
8
9
IMPORTS
32
33
34
35
36
Industrial supplies and materials
Energy products
Fuels and lubricants
Nonenergy products
Nonmonetary gold
123,892
63,501
62,428
60,391
3,411
30,973
15,961
15,689
15,012
700
31,269
16,043
15,802
15,226
979
31,669
15,635
15,334
16,034
878
29,982
15,862
15,603
14,119
854
28,403
12,968
12,744
15,434
1,075
29,666
14,661
14,393
15,005
589
30,208
15,288
15,050
14,920
700
31,224
16,309
16,064
14,915
979
32,112
15,976
15,621
16,136
878
30,350
15,929
15,693
14,420
854
27,982
12,558
12,333
15,424
1,075
29,547
14,843
14,575
14,704
589
37
38
39
40
Capital goods, except automotive
Machinery, except consumer-type
Civilian aircraft, engines and parts
Other transportation equipment
60,217
55,410
3,948
860
13,994
12,866
1,076
52
14,392
13,374
772
245
17,259
15,759
1,145
355
14,572
13,410
955
207
16,384
14,850
1,239
295
16,589
14,808
1,506
275
14,200
13,072
1,076
52
13,953
12,936
772
245
17,237
15,737
1,145
355
14,827
13,665
955
207
16,604
15,071
1,239
295
16,115
14,334
1,506
275
41
42
43
44
45
Automotive vehicles, parts and engines
From Canada
Passenger cars, new and used..
From all other areas
Passenger cars, new and used
55,506
23,434
10,110
32,073
19,487
13,832
5,902
2,481
7,930
5,034
14,747
6,388
2,875
8,359
5,159
13,433
5,368
2,202
8,064
4,695
13,495
5,775
2,551
7,720
4,599
15,808
6,030
2,533
9,778
6,000
17,427
6,577
2,954
10,851
6,773
13,416
5,802
2,346
7,614
4,736
13,768
5,751
2,384
8,017
4,823
14,598
6,104
2,750
8,494
5,110
13,724
5,777
2,630
7,947
4,818
15,382
5,972
2,424
9,411
5,651
16,347
5,926
2,462
10,421
6,349
46
47
Consumer goods (nonfood) except automotive
All other, including balance of payments adjustments not
included in lines C 31-46.
59,631
8,291
13,886
1,842
13,706
2,135
17,430
2,322
14,609
1,992
16,348
2,519
16,073
2,280
14,425
1,893
14,270
2,053
16,175
2,280
14,761
2,066
16,969
2,587
16,715
2,166
See footnotes on page 52.
September 1985
SURVEY OF CURRENT BUSINESS
38
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
1984
Line
II
I
III
Ir
IV
1985
1984
1985
1984
II"
III
II
I
IV
lr
UP
Merchandise trade, by end-use category, Census basis,1
including military grant shipments:
D
1 Merchandise exports, Census basis, including military grant
shipments.
217,888
53,789
54,901
53,276
55,922
56,146
54,322
53,673
53,320
55,222
55,673
56,252
52,540
2
3
4
38,230
179,658
179,635
10,839
42,950
42,943
9,050
45,851
45,844
8,272
45,004
44,998
10,069
45,853
45,850
9,033
47,113
47,109
6,957
47,365
47,356
10,239
43,434
43,428
9,307
44,011
44,006
9,169
46,053
46,047
9,515
46,158
46,155
8,511
47,741
47,738
7,141
45,399
45,390
31,519
8,775
7,416
7,183
8,144
7,028
5,626
8,565
7,675
7,502
7,778
6,887
5,818
30,568
18,172
6,736
5,419
6,976
8,618
4,873
1,573
1,897
1,848
7,246
4,166
1,441
1,386
1,694
6,755
4,537
2,176
690
1,529
7,948
4,596
1,547
1,446
1,906
6,863
3,888
1,116
1,408
1,567
5,436
3,133
956
744
1,560
8,310
4,618
1,437
1,650
2,042
7,444
4,303
1,566
1,516
1,624
7,263
4,639
2,169
989
1,635
7,551
4,612
1,564
1,264
1,675
6,618
3,713
1,015
1,199
1,707
5,559
3,223
1,039
797
1,539
,
952
157
171
428
196
165
190
255
232
238
227
269
260
,
61,465
14,656
15,627
15,678
15,504
15,167
14,489
14,670
15,202
15,965
15,628
15,282
14,093
7,216
2,456
1,511
3,249
2,106
832
369
905
1,683
664
260
758
1,429
428
216
786
1,998
533
665
800
2,066
770
385
910
1,427
446
255
725
1,814
604
417
792
1,743
635
325
783
1,817
586
336
895
1,843
632
433
778
1,788
558
423
807
1,489
427
306
756
54,249
9,657
4,225
4,675
12,550
1,943
791
985
13,945
2,683
1,234
1,201
14,249
2,520
1,305
1,049
13,505
2,511
894
1,439
13,102
2,410
927
1,313
13,062
2,328
1,204
1,006
12,857
2,163
1,023
973
13,459
2,555
1,118
1,189
14,148
2,439
1,213
1,060
13,785
2,501
871
1,452
13,494
2,700
1,230
1,299
12,603
2,189
1,076
994
4,556
2,494
18,762
8,522
1,096
609
4,467
2,123
1,193
632
4,700
2,225
1,173
621
4,956
2,093
1,093
632
4,638
2,081
1,075
585
4,762
2,009
1,058
639
4,538
2,139
1,132
611
4,465
2,141
1,124
612
4,622
2,123
1,172
642
4,859
2,125
1,128
628
4,817
2,132
1,111
586
4,772
2,029
997
620
4,472
2,043
1,183
1,762
7,313
205
454
1,654
306
466
1,739
359
428
2,098
313
414
1,822
230
403
1,628
293
415
1,653
217
466
1,662
266
450
1,706
363
434
2,115
337
411
1,830
247
414
1,637
258
401
1,624
Agricultural products
Nonagricultural products
Excluding military grant shipments
5
Foods, feeds, and beverages
6
7
8
9
10
Agricultural
Grains and preparations
Wheat
Soybeans
Other agricultural goods, feeds and beverages
11
Nonagricultural (fish, distilled beverages, etc.)
12
Industrial supplies and materials
13
14
15
16
Agricultural
Raw cotton including linters
Tobacco, unmanufactured
..
Other agricultural industrial supplies (hides, tallow, etc.)
17
18
19
20
Nonagricultural
Fuels and lubricants 9
Coal and related fuels
Petroleum and products
.
,
21
22
23
24
Paper and paper base stocks
Textile supplies and materials
Chemicals excluding medicinals
Other nonmetals (minerals, wood, rubber, tires, etc.)
25
26
27
Steel making materials
. . .
Iron and steel products
,
Other metals, primary and advanced, including advanced
steel.
Precious metals (gold, silver, platinum)
28
29
Capital goods, except automotive
30
31
32
33
34
35
36
37
38
39
40
41
42
Machinery, except consumer-type
Electrical and electronic, including parts and attachments...
Generators, transformers and accessories
Broadcasting and communications equipment
,
Telephonic and other electrical apparatus
Nonelectrical, including parts and attachments
Construction machinery and nonfarm tractors...
Textile and other specialized industry machinery
Other industrial machinery, n e e .
Agricultural machinery and farm tractors
Business and office machines, computers, etc
Electronic computers and parts
Scientific, professional, and service industry equipment....
43
44
45
Civilian aircraft, engines, parts
Civilian aircraft, complete all types
Other transportation equipment
46
47
48
Automotive vehicles, parts and engines
To Canada
To all other areas
2,333
451
481
861
540
431
349
451
481
861
540
431
349
71,982
17,316
18,342
17,609
18,716
19,284
19,143
17,513
17,719
18,170
18,581
19,514
18,461
60,566
14,843
1,687
7,636
5,520
45,723
6,414
3,763
13,167
1,604
15,773
14,143
5,001
14,645
3,684
431
1,864
1,389
10,961
1,562
846
3,361
363
3,556
3,147
1,272
15,420
3,838
455
1,991
1,392
11,582
1,679
943
3,290
508
3,893
3,482
1,269
15,052
3,699
378
1,968
1,354
11,352
1,539
976
3,183
419
4,014
3,618
1,222
15,450
3,623
423
1,814
1,386
11,827
1,634
998
3,333
313
4,310
3,896
1,238
15,777
3,815
394
1,969
1,452
11,962
1,644
982
3,322
295
4,406
4,026
1,313
15,476
3,480
405
1,690
1,386
11,996
1,858
938
3,310
426
4,178
3,776
1,286
14,832
3,761
449
1,920
1,392
11,071
1,634
866
3,357
381
3,576
3,170
1,259
15,022
3,717
420
1,945
1,352
11,305
1,601
916
3,282
434
3,836
3,430
1,236
15,272
3,700
399
1,928
1,373
11,571
1,502
1,023
3,234
432
4,126
3,717
1,254
15,440
3,665
419
1,843
1,403
11,776
1,677
959
3,294
358
4,236
3,826
1,252
15,977
3,892
411
2,028
1,453
12,086
1,717
1,004
3,321
307
4,437
4,061
1,299
15,104
3,372
374
1,650
1,349
11,731
1,784
912
3,307
360
4,112
3,715
1,256
9,761
4,147
1,655
2,294
852
377
2,568
1,198
354
2,168
812
389
2,731
1,285
535
3,087
1,606
420
3,267
1,715
400
2,300
876
380
2,352
1,023
344
2,509
1,102
389
2,599
1,147
542
3,111
1,651
425
2,964
1,458
393
20,852
5,278
5,589
4,739
5,246
5,751
6,412
5,129
4,965
5,358
5,400
5,609
5,699
15,488
5,364
3,998
1,281
4,269
1,320
3,415
1,324
3,807
1,440
4,384
1,367
4,952
1,460
3,846
1,282
3,644
1,320
4,015
1,343
3,982
1,419
4,239
1,370
4,238
1,461
49
50
51
Passenger cars new and used
Trucks, buses, and special vehicles
Bodies, engines, parts and accessories, n.e.c
4,919
2,450
13,484
1,309
589
3,380
1,433
648
3,508
947
601
3,191
1,230
612
3,405
1,576
608
3,567
1,768
768
3,876
1,302
585
3,242
1,150
543
3,272
1,223
644
3,492
1,244
678
3,478
1,576
610
3,423
1,417
646
3,635
52
Consumer goods (nonfood), except automotive
13,329
3,335
3,420
3,265
3,309
3,299
3,186
3,359
3,297
3,333
3,341
3,320
3,070
5,029
7,855
445
1,305
1,913
116
1,318
1,986
115
1,202
1,960
104
1,203
1,997
109
1,179
2,001
119
1,187
1,874
125
1,339
1,908
111
1,239
1,949
109
1,230
1,990
113
1,222
2,008
112
1,215
1,991
114
1,115
1,838
118
53
54
55
Consumer durables, manufactured
Consumer nondurables manufactured
Unmanufactured consumer goods (gem stones)
56
Special category (military-type goods)
57
Exports, n.e.c., and reexports
58
59
Domestic (low-value, miscellaneous)
Foreign (reexports)
See footnotes on page 52.
4,964
1,102
1,129
1,402
1,332
1,514
1,378
1,102
1,129
1,402
1,332
1,514
1,378
13,775
3,327
3,376
3,401
3,671
4,103
4,087
3,336
3,333
3,494
3,613
4,126
4,021
7,944
5,831
1,906
1,420
1,986
1,390
1,963
1,438
2,088
1,583
2,493
1,610
2,506
1,582
1,929
1,406
1,937
1,396
1,983
1,511
2,095
1,518
2,532
1,594
2,428
1,593
September 1985
39
SURVEY OF CURRENT BUSINESS
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1984
1984
I
60 Merchandise imports, Census basis
II
III
IV
1985
1984
1985
lr
II »
I
II
III
IV
lr
II"
325,726
79,346
80,732
86,460
79,188
83,502
88,009
78,987
79,619
86,939
80,181
83,531
86,750
61
Foods, feeds and beverages
21,029
5,168
5,184
5,389
5,288
5,749
5,469
5,161
5,056
5,632
5,179
5,715
5,356
62
63
64
Coffee, cocoa, and sugar
Green coffee
Cane sugar
4,733
3,064
1,258
1,234
744
364
1,249
796
323
1,235
857
298
1,014
666
273
1,392
848
284
1,144
766
257
1,235
724
.423
1,262
841
310
1,248
855
298
988
644
228
1,353
829
337
1,168
813
252
65
66
67
68
69
Other foods, feeds, and beverages
Meat products and poultry
Fish and shellfish
Vegetables, fruits, nuts and preparations
Whiskey and other alcoholic beverages
16,296
2,084
3,655
2,970
2,853
3,934
485
876
863
611
3,934
479
889
851
665
4,154
589
953
650
753
4,274
531
938
606
824
4,357
550
933
963
630
4,325
596
987
946
705
3,926
485
949
722
696
3,794
479
894
695
686
4,384
589
915
807
755
4,191
531
897
746
715
4,362
550
1,011
835
716
4,187
596
999
781
728
70
. ..
122,077
30,594
30,870
31,182
29,432
27,308
30,081
29,862
30,821
31,571
29,824
26,887
29,962
71
72
Fuels and lubricants 8
Petroleum and products
62,231
57,285
15,660
14,251
15,802
14,688
15,294
14,250
15,475
14,096
12,011
10,802
15,129
13,838
15,021
13,831
16,064
14,858
15,581
14,419
15,565
14,177
11,600
10,572
15,310
13,930
73
74
Paper and paper base stocks
Materials associated with nondurable goods and farm
output, n.e.s.
Textile supplies and materials
Tobacco, unmanufactured
Chemicals, excluding medicinal
Other (hides, copra, materials for making photos, drugs,
dyes).
7,273
16,031
1,656
4,104
1,800
4,093
1,962
4,236
1,854
' 3,598
1,881
4,180
1,816
4,330
1,656
3,938
1,726
3,979
2,044
4,339
1,847
3,774
1,886
4,033
1,742
4,213
3,532
629
8,301
3,568
907
187
2,029
981
896
198
2,172
827
961
174
2,184
918
769
71
1,915
843
884
116
2,230
950
904
199
2,329
897
898
146
1,984
910
864
163
2,131
820
950
202
2,234
954
820
119
1,951
884
877
89
2,182
886
873
164
2,284
892
Building materials, except metals
Materials associated with durable goods output n e s
Steelmaking materials
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.).
5,154
31,388
1,680
10,143
14,877
1,205
7,968
366
2,435
3,950
1,310
7,864
436
2,302
3,964
1,420
8,269
470
2,861
3,707
1,218
7,288
408
2,545
3,256
1,296
7,939
316
2,751
3,597
1,550
7,257
369
2,459
3,222
1,264
7,984
452
2,449
3,870
1,257
7,795
392
2,397
3,848
1,313
8,293
444
2,827
3,789
1,320
7,316
392
2,470
3,371
1,382
7,984
420
2,757
3,536
1,489
7,208
333
2,558
3,116
5,262
4,688
1,431
1,217
1,406
1,163
1,262
1,230
1,164
1,078
1,443
1,276
1,088
1,207
1,431
1,213
1,406
1,158
1,262
1,233
1,164
1,084
1,443
1,272
1,088
1,201
59,801
13,979
14,267
17,078
14,477
16,166
16,462
14,184
13,828
17,056
14,732
16,387
15,988
55,460
18,740
36,720
6,014
12,844
4,288
8,557
1,315
13,407
4,556
8,852
1,450
15,806
5,304
10,502
1,758
13,402
4,593
8,810
1,492
14,850
4,809
10,040
1,732
14,808
4,777
10,032
1,689
13,050
4,484
8,566
1,316
12,969
4,507
8,462
1,449
15,784
5,184
10,600
1,757
13,658
4,566
9,092
1,493
15,071
5,021
10,050
1,732
14,334
4,720
9,615
1,688
9,651
1,882
13,835
5,338
2,260
447
3,297
1,237
2,330
523
3,284
1,265
2,879
507
3,849
1,509
2,181
405
3,405
1,327
2,683
460
3,673
1,493
2,968
448
3,329
1,599
2,323
437
3,274
1,217
2,170
453
3,157
1,232
2,816
556
3,941
1,531
2,342
435
3,463
1,358
2,758
453
3,637
1,469
2,776
388
3,206
1,556
4,341
3,950
1,537
1,134
1,082
492
859
771
263
1,272
1,144
499
1,075
953
283
1,317
1,239
502
1,654
1,506
592
1,134
1,082
492
859
771
263
1,272
1,144
499
1,075
953
283
1,317
1,239
502
1,654
1,506
592
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
Industrial supplies and materials
Capital goods, except automotive
91
92
93
94
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
95
96
97
Transportation equipment, except automotive
Civilian aircraft, engines, parts
Civilian aircraft, complete, all types
98
99
100
101
102
103
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
104
105
106
107
108
109
Consumer goods (nonfood), except automotive
Consumer durables, manufactured
Electric household appliances, radio, television
Consumer nondurables, manufactured
Textile products, except rugs
Unmanufactured consumer goods (gems, nursery stock)
110
Imports, n.e.s. (low value, U.S. goods returned, military
aircraft, movies, exhibits).
See footnotes on page 52.
55,108
13,593
14,700
13,328
13,486
15,852
17,428
13,178
13,720
14,494
13,716
15,427
16,348
23,035
32,073
5,663
7,930
6,340
8,359
5,264
8,064
5,767
7,720
6,030
9,822
6,577
10,851
5,563
7,614
5,703
8,017
5,999
8,494
5,769
7,947
5,972
9,455
5,926
10,422
29,596
7,909
7,515
1,778
8,034
2,200
6,897
1,984
7,150
1,946
8,577
2,344
9,728
2,570
7,082
1,778
7,207
2,200
7,860
1,984
7,447
1,946
8,118
2,344
8,812
2,570
17,602
4,300
4,466
4,447
4,390
4,931
5,130
4,318
4,313
4,649
4,322
4,964
4,967
59,974
30,125
9,761
25,842
13,676
4,008
14,246
7,000
2,025
6,139
3,292
1,107
13,701
6,954
2,292
5,895
3,114
852
17,427
8,485
2,929
7,926
4,206
1,016
14,600
7,686
2,516
5,882
3,064
1,032
16,348
8,550
3,086
6,845
3,682
953
16,073
8,533
3,024
6,618
3,496
922
14,785
7,390
2,250
6,286
3,412
1,109
14,266
7,260
2,376
6,152
3,217
853
16,172
8,176
2,773
6,971
3,617
1,024
14,752
7,299
2,362
6,433
3,430
1,021
16,969
9,078
3,415
6,936
3,757
954
16,715
8,907
3,122
6,886
3,600
922
7,737
1,766
2,010
2,056
1,904
2,078
2,495
1,817
1,928
2,014
1,978
2,146
2,382
SURVEY OF CURRENT BUSINESS
40
September 1985
Table 4.—Selected U.S. Government Transactions
[Millions of dollars]
1985
1984
Line
II
I
Al U.S. Government grants (excluding military) and transactions increasing Government assets total
18,521
By category
2
8,522
Grants, net (table 1, line 30 with
sign reversed)
.
3
2,022
Financing military purchases 1
4
6,500
Other grants
5
9,619
Credits and other long-term assets (table 1 line 40 with sign reversed)
1,427
6
Capital subscriptions and contributions to international financial institutions excluding IMF
7
7,639
Credits repayable in U.S dollars.
8
160
Credits repayable in other than U S dollars
393
9
Other long-term assets
380
10
Foreign currency holdings and short-term assets ' net (table 1 line 42 with sign reversed)
-74
11
Foreign currency holdings (excluding administrative cash holdings) net
Receipts from —
12
Sales of agricultural commodities
(*)
43
13
Interest
105
14
Repayments of principal
15
42
16
Other sources
Less currencies used for —
'6
17
Grants and credits in the recipient's currency
r
5
18
Other grants and credits
254
19
Other U S Government expenditures
560
20
Assets acquired in performance of US Government guarantee and insurance obligations, net
,
5
21
Other assets held under Commodity Credit Corporation Charter Act net
22
-102
23
Other short-term assets (including changes in administrative cash holdings) net
By program
24
Capital subscriptions and contributions to international financial institutions excluding IMF
, 1,427
1,842
25
Under Agricultural Trade Development and Assistance Act and related programs
11,036
26
Under Foreign Assistance Act and related programs
27
2,515
Under Export-Import Bank Act
28
973
Under Commodity Credit Corporation Charter Act
505
29
Under other grant and credit programs
191
30
Under foreign currency assets acquired (lines A13 A14 and A16)
...
....
....
....
31
254
Less foreign currencies used by U.S. Government other than for grants or credits (line A19)
32
286
Other (including changes in administrative cash holdings) net
By disposition 3
33
13,235
Estimated transactions involving no direct dollar outflow from the United States
34
6,286
Expenditures on U S merchandise
35
2,321
Expenditures on U.S. services 4
.
5
36
2,888
Financing of military sales contracts by U S Governments (line C6)
37
1,829
By long-term credits..
..
..
l
38
Short-term1 credits
39
1,059
By grants
.. .
.
....
14
40
747
U.S. Government grants and credits to repay prior U S Government credits
41
1,287
U.S. Government long- and short-term credits to repay prior U S private credits 6 and other assets
1
42
Increase in liabilities associated 7with U.S. Government grants and transactions increasing Government assets (including
changes in retained accounts) (line Cll).
43
41
Less receipts on short-term U.S. Government assets (a) financing military sales contracts,1 (b) financing repayments of
private credits and other assets, and (c) financing expenditures on U.S. merchandise.
44
254
Less foreign currencies used by U S Government other than for grants or credits (line A19)
45
5,286
Estimated dollar payments to foreign countries and international financial institutions
Bl Repayments on U.S. Government long-term assets, total (table 1, line 41)
4,483
.
2
4,054
Receipts of principal on U.S. Government credits
3
333
Under Agricultural Trade Development and Assistance Act and related programs
4
1,329
Under Foreign Assistance Act and related programs
5
Under Export-Import Bank Act
2,156
6
108
Under Commodity Credit Corporation Charter Act
7
Under other credit programs
127
8
Receipts on other long-term assets
430
Cl U.S. Government liabilities other than securities, total, net increase ( + ) (table 1, line 53)
453
2
656
Associated with military sales contracts 2
. ...
3
8,575
U.S. Government cash receipts
from
foreign
governments
(including
principal
repayments
on
credits
financing
military
sales
contracts), net of refunds.1
4
641
Less U.S. Government receipts from principal repayments
....
5
80
Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States
6
2,888
Plus financing of military sales contracts by U S Government 5 (line A36)
7
1,829
By long-term credits 1
8
By short-term
credits
.. .
.
....
9
By grants 1
1,059
10
Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) 1 2 (table 1, 10,086
line 3).
11
1
Associated with
U.S. Government grants and transactions increasing Government assets (including changes in retained
accounts) 7 (line A42).
12
-204
Associated with other liabilities
13
-360
Nuclear material sales by Department of Energy
14
Space launch sales by National Aeronautics and Space Administration
88
15
68
Other sales and miscellaneous operations
See footnotes on page 52.
III
IV
lr
UP
4,515
4,235
4,539
5,232
4,106
4,401
1,480
350
1,130
2,784
324
2,313
54
93
251
-24
1,522
354
1,168
2,713
311
2,271
33
98
(*)
-28
2,207
807
1,400
2,203
376
1,698
23
105
130
14
3,313
512
2,802
1,919
415
1,356
50
97
1
-8
2,238
874
1,363
1,776
335
1,294
52
94
93
-19
2,511
890
1,621
2,139
340
1,692
6
100
-249
-8
(*)
13
16
(*)
11
29
(*)
9
20
(*)
11
41
(*)
8
20
(*)
12
25
18
6
15
3
3
5
4
1
(*)
r
l
r
(*)
1
50
29
(*)
50
-200
(*)
68
269
-1
72
67
-1
57
162
-2
5
56
62
(*)
8
-38
-16
55
83
-42
324
310
2,614
658
416
114
48
68
100
311
623
2,095
887
156
133
45
72
58
376
542
2,728
460
242
116
44
57
88
415
367
3,599
510
160
142
54
56
39
335
525
2,542
390
46
111
32
50
174
340
648
2,885
315
19
145
43
50
56
3,695
1,673
581
885
712
3,400
1,483
660
631
420
3,540
1,712
585
894
3JT.
2,600
1,418
496
477
339
3,096
1,561
577
774
289
3,329
1,605
601
1,059
567
174
104
526
3
211
478
219
4
536
74
352
(*)
138
91
191
-6
485
100
137
4
491
68
53
-1
8
3
20
10
7
5
68
821
888
783
40
319
407
9
8
105
233
247
2,156
72
835
1,378
1,265
81
380
773
28
3
113
555
641
1,622
57
999
924
821
51
292
420
47
12
103
-139
130
2,428
56
2,632
1,294
1,185
162
338
555
24
105
109
-197
-102
2,369
50
1,010
931
816
31
223
542
13
7
115
-462
-372
2,510
50
1,072
1,060
950
57
311
560
23
(*)
110
503
505
1,396
186
136
104 -1,050
631
885
420
712
135
728
894
358
183
299
477
339
103
840
774
289
178
-482
1,059
567
174
2,555
211
2,476
536
2,590
138
2,466
485
2,713
491
2,254
3
4
(*)
-6
4
-1
—94
-38
-16
-40
_i
-11
36
46
-17
-33
31
-14
-90
-113
-12
34
-8
130
51
71
-90
-84
18
-24
September 1985
41
SURVEY OF CURRENT BUSINESS
Table 5.—Direct Investment: Income, Capital, and Fees and Royalties
[Millions of dollars]
1985
1984
Line
(Credits +; debits -)
1984
III
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
U.S. direct investment abroad:
Income (table 1, line 11)
Income before capital gains/losses
Capital gains/losses (gains +; losses — ) 1
Earnings (net of withholding taxes)
Distributed earnings
Reinvested earnings
Interest (net of withholding taxes)
IV
23,078
31,478
—8,400
27,455
16,490
10,965
-4,377
8,462
8,200
262
9,361
3,072
6,290
-899
4,651
7,672
-3,021
5,695
3,354
2,341
-1,044
3,539
6,806
-3,267
4,735
3,324
1,411
-1,197
6,427
8,801
-2,374
7,664
6,740
924
-1,237
4,724
7,333
-2,609
5,721
4,424
1,297
-997
8,440
7,727
712
9,535
2,701
6,834
1,095
Capital (table 1, line 44)
Equity capital
Increases in equity capital 2
Decreases in equity capital 3
Reinvested earnings
Intercompany debt
U.S. parents' receivables
U.S. parents' payables
-4,503
-1,478
-8,584
7,106
-10,965
7,940
-492
8,432
-4,114
-620
-1,657
1,037
-6,290
2,796
-1,246
4,042
1,502
-1,109
-3,220
2,111
-2,341
4,951
-1,585
6,536
2,114
22
-1,744
1,766
-1,411
3,502
1,358
2,144
-4,005
228
-1,963
2,191
-924
-3,309
981
-4,290
750
189
-1,503
1,692
-1,297
1,858
803
1,055
4,486
-439
n.a.
n.a.
6,834
2,786
n.a.
n.a.
Fees and royalties (table 1; line 7)
6,530
1,515
1,543
1,655
1,817
1,528
1,527
23,078
10,065
7,236
5,777
31,478
11,130
12,378
7,970
8,462
3,208
3,192
2,062
8,200
3,053
3,175
1,973
4,651
2,042
1,678
931
7,672
2,400
3,278
1,993
3,539
2,440
230
2,663
2,448
1,695
6,427
2,375
2,135
1,916
8,801
3,015
3,477
2,309
4,724
1,522
1,694
1,508
7,333
2,743
2,779
1,811
8,440
2,592
3,500
2,348
7,727
2,602
3,103
2,023
-1,478
164
—535
-1,108
-10,965
-4,017
-1,551
-5,397
7,940
3,090
-793
5,642
-620
-553
-6,290
-2,096
-2,006
-2,187
2,796
1,846
-317
1,267
-1,109
-404
28
-732
-2,341
-1,017
-318
-1,005
4,951
1,376
130
3,445
22
293
-227
-43
-1,411
-1,282
1,067
-1,195
3,502
1,419
-63
2,147
228
246
-240
221
-924
379
-293
-1,010
-3,309
-1,551
-542
-1,217
189
298
-80
-29
-1,297
106
-456
-947
1,858
232
1,084
542
-439
-58
-223
-158
-6,834
-1,766
-2,681
-2,386
2,786
2,209
302
276
-10,187
-9,495
-693
—7,194
-3,473
—3,722
-2,993
-3,580
587
-2,146
-1,942
-204
-1,579
-926
-653
-567
-696
129
-2,640
-2,786
147
-1,831
-837
-994
-809
-963
155
-2,792
-2,244
-547
-2,009
-823
-1,186
-783
-932
150
2,610
2,522
-88
1,775
-835
-989
154
-2,295
-2,033
-262
-1,551
-1,006
-545
-745
-909
164
-2,400
-2,022
-379
-1,652
-896
-756
-748
-915
166
By industry of affiliate: 4
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Income (line 1)
Petroleum
Manufacturing
Other
Income before capital gains/losses (line 2)
Petroleum
Manufacturing
Other
t
Capital:
Equity capital (line 9)
Petroleum
Manufacturing
:
Other
Reinvested earnings (line 12, or line 6 with sign reversed)
Petroleum
Manufacturing
Other
Intercompany debt (line 13)
Petroleum
Manufacturing
Other
Foreign direct investment in the United States:
37
38
39
40
41
42
43
44
45
Income (table 1, line 25)
Income before capital gains/losses
Capital gains/losses (gains -; losses +) 5
Earnings (net of withholding taxes)
Distributed earnings
Reinvested earnings
Interest (net of withholding taxes)
U.S. affiliates' payments
U.S. affiliates' receipts
46
47
48
49
50
51
52
53
Capital (table 1, line 57)
Equity capital
Increases in equity capital 23
Decreases in equity capital
Reinvested earnings
Intercompany debt
U.S. affiliates' payables...:
U.S. affiliates' receivables
22,514
10,909
12,382
—1,474
3,722
7,883
8,959
-1,075
3,304
2,068
2,437
-369
653
583
793
-210
9,289
3,449
3,945
-496
994
4,846
5,592
-745
5,228
2,955
3,118
-163
1,186
1,087
475
612
4,692
2,436
2,882
-446
888
1,367
2,099
-732
2,082
2,072
2,223
-151
545
-535
972
-1,507
4,902
1,732
2,223
-491
756
2,413
2,302
112
54
55
56
Fees and royalties (table 1, line 21)
U.S. affiliates' payments
U.S. affiliates' receipts
-187
-2,013
1,826
99
-426
525
-30
-448
418
-155
-553
398
-101
-586
485
-64
-509
445
-15
-494
479
-10,187
-2,659
-2,678
-4,851
-9,495
-2,693
-2,646
-4,156
-2,146
-490
-619
-1,037
-1,942
-528
-596
-819
-2,640
-672
-937
-1,030
-2,786
-718
-924
-1,144
-2,792
-642
-659
-1,490
-2,244
-587
-664
-993
-2,610
-855
-462
-1,294
-2,522
-861
-462
-1,200
-2,295
-649
-385
-1,261
-2,033
-650
-349
-1,034
-2,400
-713
-430
-1,257
-2,022
-685
-415
-922
10,909
340
2,355
8,214
3,722
1,401
1,055
1,266
7,883
4,916
-72
3,040
2,068
222
567
1,279
653
160
213
280
583
-268
-360
1,211
3,449
-100
359
3,190
994
412
539
43
4,846
4,867
194
-214
2,955
181
1,221
1,554
1,186
391
304
492
1,087
210
-487
1,364
2,436
37
208
2,191
888
439
-1
451
1,367
107
580
680
2,072
49
803
1,219
545
1,732
142
1,097
492
756
249
50
457
2,413
1,252
1,182
-21
By industry of affiliate: 4
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
Income (line 37)
Petroleum
Manufacturing
!
Other
Income before capital gains/losses (line 38)
Petroleum
Manufacturing
Other
Capital:
Equity capital (line 47)
Petroleum
Manufacturing
Other
Reinvested earnings (line 50, or line 42 with sign reversed)
Petroleum
Manufacturing
Other
Intercompany debt (line 51)
Petroleum
Manufacturing
Other
See footnotes on page 52.
272
-535
127
913
-1,576
42
September 1985
SURVEY OF CURRENT BUSINESS
Table 6.—Securities Transactions
[Millions of dollars]
198 5
19*54
(Credits +; debits — )
Al
2
I
Foreign securities net U S purchases ( ) (table 1 line 45 or lines 2 + 12 below)
Stocks, net U.S. purchases
III
II
5 059
673
756
1,313
-1,127
330
3
723
IV
-3,663
-731
lr
II"
2,494
-1,862
-1,921
26
3
4
5
New issues in the United States
Of which Canada
-454
90
-25
13
-223
-40
166
-37
-40
-85
-72
11
6
7
Transactions in outstanding stocks net
Western Europe
Of which United Kingdom
Canada
Japan
Other
-673
-608
-325
278
354
-697
355
36
-64
143
220
-44
220
78
62
57
231
146
557
-209
3
-7
45
-386
-691
-513
-326
85
142
-121
-1,836
835
— 379
292
-566
143
15
-168
— 79
-147
371
-71
-3,932
342
753
590
-2,931
573
1,836
2,287
864
-1,838
-1,278
1,610
-290
200
-195
593
497
-200
-739
174
8
9
10
11
12
13
14
15
16
17
Bonds, net U.S. purchases
New issues in the United States
By issuer:
Central governments and their agencies and corporations
Other governments and their agencies and corporations 1
Private corporations
International financial institutions 2
18
19
20
21
22
23
By area:
Western Europe
Canada
Japan
Latin America
Other countries
International financial institutions
24
25
26
27
28
Redemptions of U S -held foreign bonds 3
Western Europe
Canada
Other countries
International financial institutions 2
29
30
Other transactions in outstanding bonds, net 3
Western Europe
Of which United Kingdom
Canada . .
Japan
Other
31
32
33
34
2
....
.. .
...
Bl U.S. securities, excluding Treasury securities and transactions of foreign official agencies, net
foreign purchases ( + ), (table 1, line 59 or lines 2 + 10 below).
2
3
4
5
6
7
8
9
Stocks, net foreign purchases
By area:
Western Europe
Of which Germany
Switzerland
United Kingdom
Canada
Japan
Other
-5,669
-680
-3,461
992
-418
-798
-163
492
-25
-1,738
-250
-199
100
350
-250
-114
-150
-1,210
-2,582
-1,113
398
-18
760
-798
— 25
-475
100
-18
62
-1,672
-298
-150
-350
260
-48
534
-80
-100
-200
-350
-527
831
-66
-100
-56
150
-576
548
-45
90
-593
10
-68
174
2,960
425
1,595
590
350
820
150
420
125
125
765
150
375
165
75
825
75
450
150
150
550
50
350
150
525
500
400
400
125
100
- 1,223
-5,520
-4,706
257
1,082
3472
203
764
-628
231
82
654
768
-695
-355
-121
239
1345
-551
-1,426
1,203
-175
555
495
-1,643
2,635
-2,520
-192
206
978
180
-726
—917
100
-42
1,048
-726
2,617
-1,662
345
291
1,255
12,983
1,494
506
1,603
9,380
9,510
7,117
1 030
— 87
-1,032
741
-1,124
425
-2,969
48
1 490
659
1674
131
596
165
362
188
280
707
39
119
-481
-81
251
124
170
-958
-102
-413
142
331
105
-9
-1,346
357
-414
236
214
191
199
371
66
91
-356
20
191
625
830
80
-548
224
1,695
-227
1014
-113
466
-65
262
10
Corporate and other bonds, net foreign purchases
13,813
464
593
2,635
10,121
10,634
6,692
11
12
13
By type:
New issues sold abroad by U S corporations 4
U.S. federally-sponsored agency bonds, net
Other outstanding bonds, net
.
10383
1,215
2,215
-56
520
180
30
383
1,881
440
314
8,322
801
998
9,628
674
332
5,274
642
776
14
15
16
17
18
19
20
21
By area:
Western Europe
Of which Germany
Switzerland
United Kingdom
Canada
Japan
Other countries ....
International financial institutions 2
11285
1,732
640
8527
71
1463
842
294
213
48
135
330
75
230
76
20
145
297
21
196
42
313
102
75
1808
456
66
1 150
22
380
387
38
9,119
931
688
7,243
24
540
277
161
9,756
-199
810
9,041
44
428
382
24
5,341
180
229
4,679
46
1,120
168
17
506
167
452
-2,097
20904
9,942
1 036
3
27
-627
262
3840
425
85
35
-522
4820
3044
465
67
13
-470
12 171
231
-1,428
307
-40
-77
1629
5,417
136
-925
104
7,690
Memoranda:
Other foreign transactions in marketable, long-term U.S. securities included elsewhere in international transactions accounts:
Foreign official assets in the United States (lines in table 9):
1
U.S. Treasury marketable bonds (line A4)
2
Other U S Government securities (line A6)
3
U.S. corporate and other bonds (part of line A14)
4
U.S. stocks (part of line A14)
5 Other foreign transactions in U S Treasury bonds and notes (table 9 line B4)
6 New issues of bonds sold abroad
by U S corporations' finance affiliates in the Netherlands Antilles
(included in table 5, line 8) 4.
See footnotes on page 52.
570
146
501
-478
4 175
2,827
September 1985
SURVEY OF CURRENT BUSINESS
43
Table 7.—Claims on and Liabilities to Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns
[Millions of dollars]
Al
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Claims, total (table 1, line 46)
I"
IV
1,289
1,908
2,099
970
1,201
1,020
786
234
1,490
1,542
-52
2,038
1,883
155
1,146
900
894
1,186
n.a
n.a
n.a
17,935
15,893
By type: Deposits
Other claims l
4,881
813
871
149
1,362
128
1,581
457
1,067
79
316
578
n.a
n.a
13,941
3,994
By area: Industrial countries 2
Of which United Kingdom
Canada
Caribbean banking centers3
Other
3,195
1,281
2,202
2,456
43
671
220
501
259
90
362
5
485
1,264
1,703
840
836
222
113
459
216
380
711
-24
-207
-233
11
582
519
n.a
n.a
n.a
n.a
n.a
10,105
572
670
—98
267
301
418
446
-174
-98
-76
307
-28
61
21
40
71
236
n.a
n.a
n.a
10,440
9,941
499
637
—65
181
86
435
-17
220
-159
-199
25
348
-41
n.a
n.a
8,762
-310
190
692
-210
85
392
187
18
213
-15
1
75
-272
86
12
239
-76
144
n.a
n.a
n.a
4,284
4,520
4,566
-2,939
-1,863
-2,655
3,509
3,420
89
3,754
3,515
239
4,163
-2,486
-1,922
-2,005
83
-2,337
-2,220
-117
n.a
n.a
n.a
10,705
8,953
1,752
7,572
2,847
2,441
692
Commercial claims
Denominated in U.S. dollars.
Denominated in foreign currencies
By type: Trade receivables
Advance payments and other claims
2
Bl
Liabilities, total (table 1, line 60)
9
10
11
III
5,694
5,111
583
By area: Industrial countries
Members of OPEC4
Other
5
6
7
8
1984
6,266
Financial claims
Denominated in U.S. dollars
Denominated in foreign currencies
17
18
19
2
3
4
Amounts
outstanding
March 31,
1985
1985
1984
(Credits + ; increase in U.S. liabilities or decrease in U.S. assets. Debits — ;
decrease in U.S. liabilities or increase in U.S. assets.)
Line
Financial liabilities
Denominated in U.S. dollars
Denominated in foreign currencies
By area: Industrial countries2
Of which United Kingdom
Caribbean banking centers3
Other
Commercial liabilities
Denominated in U.S. dollars
Denominated in foreign currencies
1,434
549
1,661
414
4,138
25
28,375
4,901
3,945
6,643
1,187
1,678
6,163
1,337
2,940
27,287
1
40
97
276
-81
n.a
n.a
n.a
n.a
766
404
468
-453
-305
58
60
-2
-318
-239
-79
n.a
n.a
n.a
16,582
15,655
927
1,474
951
144
222
-381
-542.
197
-82
-1,054
2,279
3,979
-2,202
-2,395
-1,202
775
1,011
— 236
788
-22
-502
12
13
By type: Trade payables
Advance receipts and other liabilities
-775
1,550
128
637
4
400
-997
544
90
-31
-28
-290
n.a
n.a
6,961
9,621
14
15
16
2
By area: Industrial countries
Members of OPEC4
Other
1,061
-979
693
427
-192
531
-167
994
-423
835
-1,749
-34
-32
124
296
275
n.a
n.a
n.a
8,123
3,673
4,786
See footnotes on page 52.
461
44
SURVEY OF CURRENT BUSINESS
September 1985
Table 8.—Claims on Foreigners Reported by U.S. Banks
[Millions of dollars]
(Credits +; decrease in U.S. assets. Debits —; increase in U.S. assets.)
1 Total (table 1, line 47)
By type:
Banks' own claims
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Payable in dollars
By borrower:
Claims on:
own foreign offices
unaffiliated foreign banks
foreign public borrowers 1
other private foreigners
By bank ownership: 2
U.S.-owned banks' claims on:
own foreign offices
unaffiliated foreign banks
other foreigners
Foreign-owned banks' claims on:
own foreign offices
unaffiliated foreign banks
other foreigners
Payable in foreign currencies
Banks' domestic customers' claims
Payable in dollars
Deposits
Negotiable and readily transferable instruments
Outstanding collections and other
Payable in foreign currencies
21
22
23
24
25
26
By area:
Industrial countries3
Western Europe
Of which United Kingdom
Canada
Japan
Other
27
Caribbean banking centers 4
28
29
30
31
32
33
Other areas
Of which Members of OPEC, included below 5
Latin America
Asia
Africa 6
Other
Memoranda:
1 International banking facilities' (IBF's) own claims, payable in dollars (lines 113 above).
By borrower:
Claims on:
2
own foreign offices
3
unaffiliated foreign banks
4
foreign public borrowers
5
all other foreigners
By bank ownership: 2
6
U.S.-owned IBF's
7
Foreign-owned IBF's
8 Banks' dollar acceptances payable by foreigners
See footnotes on page 52.
Amounts
outstanding
June 30,
1985
1985
1984
Line
1984
III
IV
-8,504
-1,110
-20,186
17,725
-4,933
135
4,350
439,273
-10,981
452
-20,339
15,172
-6,266
736
-71
409,608
-7,412
2,255
-19,686
14,818
-4,799
2,068
1,302
395,596
—10,104
63
—3,803
6,432
-2,975
1,730
-234
3,734
-9,514
-7,743
-1,546
-883
6,826
7,374
-269
887
-4,441
-1,298
-1,754
2,694
-1,731
2,038
-204
1,965
-4,523
3,941
541
1,343
162,456
118,204
61,136
53,800
—7,076
5,754
92
-5,214
2,247
3,515
-4,155
-2,777
-2,838
7,294
5,642
-5,001
642
-499
246
3,894
461
-2,620
1,504
2,018
90,932
59,909
64,291
-3,028
-5,691
2,537
2,239
-517
-15
-5,359
-4,966
409
-468
1,732
704
560
-1,940
1,439
-1,977
-1,856
1,300
-1,903
2,437
-134
71,524
58,295
50,645
—3,569
-1,803
-653
354
-1,467
-1,332
-1,373
14,012
2,477
1,987
-410
2,259
138
490
-1,562
-2,259
-685
697
153
18
201
624
-807
135
2,553
2,607
-1,117
2,417
1,307
-54
1,333
1,621
1,196
102
323
-288
-601
-730
-492
-771
533
129
4,421
4,224
1,001
3,512
-289
197
29,665
29,422
2,870
21,064
5,488
243
-6,191
-4,423
-6,179
-269
-538
-961
-2,639
-2,222
-1,885
-752
590
-255
-12,145
-10,343
-6,676
-873
-601
-328
6,761
6,528
2,461
1,173
-488
-452
1,832
1,614
-79
183
-39
74
-5,875
-4,128
-2,718
-2,534
449
6,719
3,418
2,018
1,439
1,548
314
183,000
123,921
76,954
22,711
30,927
5,441
-700
947
-4,814
7,442
-4,275
2,489
-1,267
107,082
-1,613
408
-927
-745
279
-220
582
1,386
89
-85
-3,227
-400
-686
-2,932
208
183
3,522
1,324
210
2,976
143
193
-2,490
-584
357
-2,175
-161
-511
3,521
307
1,835
1,332
31
323
-1,102
-111
467
-1,462
200
-307
149,191
21,056
101,977
39,956
3,993
3,265
-15,071
-5,135
-11,865
3,845
-1,916
-6,592
3,676
186,581
-7,454
-5,140
—4,485
2,008
-3,002
-557
-894
-682
-5,980
-5,143
-1,815
1,073
3,047
883
-323
238
-1,519
-323
-1,453
1,379
-3,516
-3,342
-720
1,090
2,397
-163
352
45,063
69,477
44,666
27,375
-4,504
-10,567
1,140
-727
-4,408
756
-5,433
-6,432
-5,406
2,667
1,178
3,829
-1,011
-905
1,961
-1,556
-5,036
1,463
3,798
-122
3,510
71,447
115,134
31,694
SURVEY OF CURRENT BUSINESS
September 1985
45
Table 9.—Foreign Official Assets and Other Foreign Assets in the United States Reported by U.S. Banks
[Millions of dollars]
1985
1984
Line
Al
2
3
4
5
6
7
8
9
10
11
12
13
14
(Credits +; increase in foreign assets. Debits — ; decrease in foreign assets.)
Foreign official assets in the United States (table 1, line 49)
By type:
U S Treasury securities (table 1 line 51)
Bills and certificates
Bonds and notes, marketable
Bonds and notes nonmarketable
Other U S Government securities (table 1 line 52)
Other U S Government liabilities (table 1 line 53)
U.S liabilities reported by U S banks not included elsewhere
(table 1 line 54)
Banks' liabilities for own account payable in dollars 1
Demand deposits
Time deposits * 2
. ..
Other liabilities
Banks' custody liabilities payables in dollars l 3
Other foreign official assets (table 1 line 55)
1984
IV
Ir
II"
Amounts
outstanding
June 30,
1985
I
II
3,424
-2,786
-224
686
7,119
-11,204
8,154
195,714
4,690
5,634
506
1450
167
453
663
-362
-15
2,073
2420
1,025
-2,549
275
-661
1,036
-650
3
233
-2,147
-2,308
100
-590
-1,818
161
600
274
296
-570
5,814
5,349
465
146
555
328
525
-29
789
-1,285
853
979
-575
650
425
-800
85
-139
430
-213
60
349
-622
643
-487
67
-197
2,052
2,684
-146
1,525
1,305
632
-483
7,219
-5,291
-1,428
500
-307
-462
-3,099
-2,262
100
-905
1,457
-837
-117
8,521
3,904
5,417
-800
136
503
-185
908
-56
516
448
-1,093
821
136,661
58,589
73,572
4,500
7,230
14,762
22,805
17,685
' 1,867
8,985
6,833
5,120
14,256
54,114
12,744
27,455
67
13,982
15,978
5,617
391,814
22,440
1,396
6,485
5,058
9,501
2,633
5,291
64,794
1,536
20,904
1,658
262
2,310
4,175
238
4,820
2,670
12,171
1,004
1,629
-2,399
7,690
14,468
50,326
749
16,259
5,432
582
-94
908
2,092
3,468
925
618
5,344
332
-1,307
7,541
3,267
-325
2,766
192
-857
6,785
-637
9,745
44,486
10,563
31,674
30,315
28,033
11,348
10,827
10,229
20,970
19,874
19,232
-5,125
5706
-5,474
4,481
5,320
4,046
13,345
12,041
11,571
326
966
-1,172
327,020
309,297
299,147
III
By area: (see text table B)
Bl
2
Other foreign assets in the United States (table 1 lines 58 and 61)
By type:
U S Treasury securities (line 58)
3
4
5
By security:
Bills and certificates
Marketable bonds and notes
Nonmarketable bonds and notes 4
6
7
8
By holder:
Foreign banks
Other private foreigners
International financial institutions 5
9
10
11
U.S liabilities reported 1by U S banks (line 61)
Banks' own liabilities
Payable in dollars
.
.
5,539
3,185
11,127
-10,696
1,923
4,064
876
155,487
13
14
15
By account:
Liabilities to own foreign offices
Liabilities to unaffiliated foreigners:
demand deposits
time deposits 1 2
other liabilities
2,086
17,530
2,878
181
7,289
64
297
7,112
696
-508
6,341
-611
2,478
-3,212
2,857
-1,584
8,606
485
1,314
-3,532
170
17,521
107,228
18,911
16
17
18
19
By holder:
Liabilities to:
own foreign offices
unaffiliated foreign banks ..
other private foreigners
international financial institutions 5
5,539
14,625
10,857
2988
3,185
4,460
3,169
585
11,127
4,972
4,259
-1,126
-10,696
2,963
1,875
384
1,923
2,230
1,554
-1,661
4,064
5,727
1,091
689
876
3,752
109
1,595
155,487
76,768
62,964
3,928
3,060
2,552
3,012
6,602
-969
773
7,089
2,274
1,001
-9,771
635
1,727
-860
612
-489
7,265
1,586
883
-989
-643
1,053
83,431
20,283
40,001
2,479
12,073
4,857
-3,417
5,429
1,811
4,038
2,698
2,132
925
2,328
532
-3,201
4,141
897
1,865
-3,109
651
72,056
56,485
26,891
2,282
598
642
232
1,274
470
2,138
10,150
1,359
353
521
393
1,096
671
581
638
-839
1349
1,304
286
640
-821
17,723
11,169
33,451
22,586
3,314
7,551
6,081
14,582
2,347
6,712
4,486
329
3,055
9,390
6,018
1,421
1,951
2,302
1,052
123
1,460
1,016
164
444
16,248
13,586
1,980
682
6,190
5,017
2,097
1,965
2,781
283
-12
-600
-3,229
356
2,273
-3,526
4,059
477
2,320
1,250
-180
669
8,413
6,211
-443
2,645
1,115
4,454
604
967
1,471
62
1,954
9,073
3,697
-37
5,413
3,898
3,007
1,084
844
1,117
212
834
1,062
366
704
2,132
662
3,893
219
609
2,290
336
658
191,165
143,619
17,949
29,597
111,774
88,875
16,692
44,006
26,172
2,425
16,272
14,791
9,485
7,550
-3,389
1,145
8,942
-8,142
171,536
179
11,480
1,246
1,886
4,552
4,363
-424
994
1,125
4,640
587
1,198
-7,926
3,537
-232
1,232
2,428
-1,060
1,315
-1,538
1,744
6,525
-803
1,476
-3,961
-5,362
841
340
74,349
60,294
7,672
29,221
-1,252
16,043
2,507
6,978
2,825
4,725
-5,657
2,268
-927
2,072
3,795
5,147
-5,053
-3,089
66,570
104,966
129
-704
1,304
102
12
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
By bank ownership: 6
U.S.-owned banks' liabilities to:
own foreign offices
unaffiliated foreign banks
other private foreigners and international financial institutions
Foreign-owned banks' liabilities to:
own foreign offices
unaffiliated foreign banks
other private foreigners and international financial institutions
5
5
Payable in foreign currencies
Banks' custody liabilities payable in dollars 1 3
Of which negotiable and readily transferable instruments
By area:
Industrial countries 7
Western Europe
Canada
Other
Caribbean banking centers 8
Other areas
Of which Members of OPEC included below 9
Latin America
Asia
Africa 10
Other
Memoranda:
1 International banking facilities' (IBF's) own liabilities, payable in dollars (in lines A9 and
Bll above).
2
3
4
5
By holder:
Liabilities to:
own foreign offices
unaffiliated foreign banks
foreign official agencies
other private foreigners and international financial institutions 5
6
7
By bank ownership:6
U S -owned IBF's
Foreign-owned IBF's
8 Negotiable certificates of deposit held for foreigners 1 (in lines A13 and B27 above)
See footnotes on page 52.
2,783
1,618
382 \
-573
-1,064
-733
8,679
46
September 1985
SURVEY OF CURRENT BUSINESS
Table 10.—U.S. International
[Millions
European Communities (10) l l
Western Europe
Line
(Credits +; debits -)
l
II
I
2
1984
1985
1984
1984
III
Ir
IV
II
I
11"
98,924
26,312
23,881
22,558
26,173
24,597
26,253
78,536
20,947
19,018
57,054
2,924
14,847
779
14,056
658
13,274
749
14,877
738
15,023
621
13,894
502
46,526
1,704
11,903
480
11,572
416
Travel
Passenger fares
Other transportation .
2,227
1,125
4,266
440
240
1,002
601
325
1,060
702
338
1,114
484
222
1,089
506
257
1,020
620
307
1,057
1,708
910
3,161
334
202
749
452
271
764
7
8
9
10
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
3,414
619
1,578
152
767
151
436
24
813
153
371
23
867
155
382
52
967
159
388
53
780
164
365
62
861
168
378
24
2,978
525
1,187
111
677
129
348
17
709
130
272
18
11
12
13
Receipts of income on U.S. assets abroad:
Direct investment
Other private receipts
U.S. Government receipts
8,886
15,753
926
3,877
3,556
192
1,655
3,961
205
368
4,319
238
2,986
3,917
291
2,209
3,379
211
4,869
3,351
222
6,158
13,114
453
3,036
2,969
104
1,009
3,308
97
98
23
27
38
11
4
8
1 Exports of goods and services
2
3
Merchandise, adjusted excluding military 3
Transfers under U.S. military agency sales contracts . . .
4
5
6
.
...
14 Transfers of goods and services under U S. military grant programs, net
15 Imports of goods and services
16
17
Merchandise, adjusted, excluding military 3
Direct defense expenditures
18
19
20
Travel
Passenger fares
Other transportation
21
22
23
24
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services.
. . . .
U S Government payments for miscellaneous services
25
26
27
Payments of income on foreign assets in the United States:
Direct investment
Other private payments
U.S Government payments
2
(*)
1
-126,054 -29,484 -32,003 -34,126 -30,442 -31,969 -35,408 -100,386
23,498
25,448
-71,003 -17,669 -17,089 -19,127 -17,118 -19,189 -20,155 -57,012
1790 -6,595
1756 -1,836 -1,802
-7,155 -1,734 -1,829
14,228
-1,614
13,664
-1,708
1792
2044
-685
-884
533 -1,574
-5,035
-940 -1,149 -1,906
-988 -1,665 -1,234
-4,827
-4,907 -1,143 -1,207 -1,341 -1,216 -1,238 -1,351
-3,820
-3,573
3508
-377
716
813
-1,159
-1,195
-849
99
-67
-209
144
259
-209
-696
-338
-68
-50
172
-91
-43
-51
-186
-69
-1,601 -1,963
-3,409 -3,669
2352 -2,264
-6,633
11,255
-6,490
-1,392
-2,467
-1,511
2,026
-2,934
1,563
-373
245
-906
-513
-93
59
-206
127
-70
60
-218
106
-98
62
-190
-134
-113
63
-291
-146
1824
1 613 2181 -1,753
7371
-14,660 -3,235 -3,802 -4,001 -3,624
2386
2202
2086
2387
9061
-106
65
-202
169
23
27
-38
11
-4
-8
-2
(*)
1
29 Unilateral transfers (excluding military grants of goods and services) net
-450
-40
-67
153
191
221
196
213
52
55
30
31
32
-421
673
644
-31
178
169
-64
-171
167
161
-160
168
166
-164
140
191
-168
137
-123
-171
98
-25
525
763
-6
-139
197
8
-133
195
-7,803 -3,572
-7,308
2,255 -12,023
-4,732
-9,211
-205
78
28 U.S. 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
33 U.S. assets abroad, net (increase/capital outflow ( ))
34
35
36
37
38
U.S. official reserve assets net 4
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
39
40
41
42
U.S. Government assets, other than official reserve assets, net .
U.S. credits and other long-term
assets
Repayments on U S loans 5
U.S. foreign currency holdings and U.S short-term assets, net
43
U.S. private assets, net
44
Direct investment
45
Foreign securities
46
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
47
U.S. claims reported by U S banks not included elsewhere
48 Foreign assets in the United States, net (increase/capital inflow ( + ))
49
Foreign official assets in the United States, net
50
U.S. Government securities6 .
51
U.S Treasury securities
52
Other 7
53
Other U.S. Government liabilities 8
54
U.S. liabilities reported by U.S. banks, not included elsewhere
55
56
57
58
59
60
61
Other foreign assets in the United States net
Direct investment
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
U.S. liabilities reported by U S banks, not included elsewhere
62 Allocations of special drawing rights
63 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above
items with sign reversed).
64
65
66
67
Memoranda:
Balance on merchandise trade (lines 2 and 16)10
Balance on goods and services (lines 1 and 15)
Balance on goods, services, and remittances (lines
65, 31, and 32)
Balance on current account (lines 65 and 29) 10
See footnotes on page 52.
98
-14,254 -5,619 -12,867
-533
-208
77
-163
-239
-163
-239
533
208
77
33
-1,049
984
98
188
-373
207
22
128
111
194
45
68
177
236
10
24
-388
348
64
7,898 -3,357
13755 -5,223 -13,072
-354
2,466 -1,039
-1,559 -2,632
-615 -2,315 -2,028 -3,657
-8,615
-169
924
-52
246
949
1,507
6,536
-4,530 -2,222 -10,351
48,831 10,698 21,511 -2,483 19,105
2071
1,900
2,386
159
2,374
(14)
(14)
(14)
-212
(14)
46,457
13,809
(14)
(14)
(14)
82
(14)
-35
-146
-412
2,759
17,205
2,673
114
60
8,160
147
(14)
(14)
-527
205
78
30
-255
203
22
324
-152
408
68
-9
-63
81
-28
72
-17
61
28
-6,668 -2,152 -11,819
-527
2307
-1,153
-1,769 -3,312 -6,883
916
n.a.
363
-5,325
3,467
-4,109
45,874
6,447 14,585
4,518
-2,014
941
296
-1,859
9,361
431
-618
-231
-8,943
28
189
284
67
11,636
15,387
6,509
(14)
(14)
(14)
(14)
(14)
(14)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
121
78
(14)
111
(15)
(15)
(15)
(15)
5932
(14)
(15)
8
-120
(15)
(15)
(15)
(15)
2,154
(15)
5,686
4,969
n.a.
9,016
1,412
15
22,851
277
1,459
15
7,737
-239
208
15
9,853
8,453 -2,978 -12,214
-4,404
198
-2,822 -3,033 -5,853 -2,241 -4,166 -6,261 -10,486
-3,173
8 121 11 568
21 851
4 269 -7,371 -9,156
-3,181 -8,124 -11,560 -4,294 -7,402 -9,229 -21,612
8 188 11 721 -4,460 -7,592 -9,352 -21,637
-3,212
-2,325
2551
-2,494
-2,499
-2,092
6430
-6,368
6 375
8,318
1,799
378
1,786
13949
-27,131
-27,159
-27,581
(14)
(14)
(14)
-73
-668
12,706
(14)
-6,996
-113
(14)
(14)
(14)
(14)
-527
8,076
3,488
10,539
2,310
(14)
(14)
(14)
(14)
(14)
-73
668
(14)
-1,867
19,125
6,068
(14)
-334
74
(14)
-456
(14)
(14)
(14)
(14)
6,401 -11,073
12,380
1,683
(14)
8,411
1 400
(14)
(14)
(14)
(15)
(15)
47
SURVEY OF CURRENT BUSINESS
September 1985
Transactions, by Area
of dollars]
European Communities (10)11
1984
European Communities (6)12
United Kingdom
1985
1984
IV
Ir
II"
18,043
20,528
19,802
21,100
11,014
518
12,037
290
12,265
448
11,393
362
550
260
828
372
177
821
385
210
759
767
132
280
38
827
135
288
38
-82
3,640
100
2,195
3,197
152
1984
IV
Ir
II"
11,113
9,929
11,911
11,419
12,298
1
8,037
262
7,313
336
8,244
185
8,319
268
7,941
174
2
3
214
98
416
296
115
451
398
147
465
252
85
479
251
111
430
305
111
457
4
5
6
1,984
382
555
48
431
94
131
8
479
94
141
4
504
96
140
23
571
98
143
13
441
102
138
8
511
105
142
9
7
8
9
10
1,884
1,789
8
2,072
4,026
288
_j
1,797
929
77
—1
133
1,030
71
-659
1,095
73
_j
801
973
68
408
878
66
1,607
855
81
11
12
13
IV
II"
6,884
7,284
7,099
7,389
45,786
12,832
3,107
145
3,195
68
3,299
105
2,767
151
31,946
1,069
8,352
287
126
141
168
128
101
201
94
66
217
109
88
168
125
117
174
1,160
445
1,811
196
32
199
7
182
32
112
14
215
32
120
14
221
33
126
23
197
33
131
30
202
34
129
9
995
1,947
8
633
2,172
8
384
2,429
9
1,051
2,128
63
1,070
1,862
%8
II
27,701
6,887
6,646
12,233
475
2,982
152
2,949
110
460
245
769
445
402
764
97
94
178
678
139
289
40
751
142
293
20
813
129
557
57
1,675
2,825
89
3,062
8,677
87
III
Line
III
lr
I
1985
1984
1985
1984
III
I
II
-1
1
2
3,829
2,726
110
1
1
14
-24,477
-25,300
-28,263
-31,549
-7,072
-8,108
-8,547
(*)
-7,822 -7,435
(*)
-26,964
-8,501
-64,093
-15,369
-16,147
-17,078
-15,500
-16,630
-18,509
15
-15,302
-1,595
-13,818
-1,679
-15,290
-1,668
-16,291
-1,677
-14,387
-920
-3,491
-255
-3,447
-257
-3,772
-202
-3,677
-206
-3,255
-267
-3,662
-220
-39,992
-5,374
-10,137
-1,272
-9,574
-1,354
-10,837
-1,332
-9,444
-1,416
-11,271
-1,355
-11,928
-1,404
16
17
-1,549
-896
-961
-735
-766
-884
-517
-883
-880
-1,388
-1,404
-943
-1,234
-1,234
-865
-128
-230
-209
-349
-442
-193
-439
-315
-220
-318
-247
-243
-188
-332
-193
-494
-552
-228
-2,213
-2,026
-1,908
-225
-402
-431
-699
-689
-474
-932
-502
-520
-357
-433
-483
-302
-463
-477
-748
-786
-530
18
19
20
-76
-53
-158
-100
-72
-54
-181
-79
-77
-56
-166
-95
-69
-57
-172
-92
-157
-92
-269
-47
-43
-22
-78
-10
-31
-23
-68
-15
-55
-23
-62
-12
-28
-24
-61
-11
-19
-25
-66
-24
-27
-25
-70
-18
-110
-115
-371
-246
-25
-28
-80
-71
-15
-28
-104
-45
-23
-29
-81
-74
-47
-30
-105
-56
-50
-31
-86
-60
-35
-32
-87
-64
21
22
23
24
-1,537
-3,088
-1,648
-1,677
-2,766
-1,767
-1,336
-2,645
-1,688
-1,763
-2,810
-1,597
-2,619
-8,038
-1,687
-430
-1,808
-367
-839
-2,082
-363
-775
-2,232
-441
-575
-1,916
-517
-697
-1,855
-516
-879
-1,824
-501
-961
-637
-1,100
1
-1,175
-829
-1,162
-748
-828
-1,170
1
-1,084
-824
-1,220
-635
-765
-1,136
-875
-962
-1,059
25
26
27
(*)
34
-3,968
-3,118
-4,652
1
28
55
167
37
37
48
45
(*)
22
-1
46
-24
29
25
-342
535
6
-93
135
-8
-86
131
_7
-81
135
-6
-83
133
-6
-84
112
-3
-86
65
30
31
32
-125
-1,069
-1,434
3,479
-1,102
-2,774
103
33
-527
205
78
— 160
-240
-666
-65
—527
—205
78
-160
-240
-666
65
34
35
36
37
38
152
—33
122
63
250
1,358
-1,790
-110
792
17,143
(J»)
-5
60
38
-13
36
17
-21
-859
-894
-261
38
258
5,779
30
30
-1,572
738
-224
-252
-1,834
4,946
29
10
3,601
1,703
-695
216
2,377
-709
58
33
47
44
-920
-188
-611
-112
-9
7,126
46
-59
-2,095
-340
-557
118
-1,316
-5,957
26
9
132
281
-1,448
n.a.
1,299
5,027
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
-61
51
-32
-5
(15)
(15)
(15)
(15)
(*)
1
-1
-2
1
(*)
67
40
30
-7
219
60
63
62
,-7
-125
198
-6
-128
173
-6
-131
167
3
-132
128
-78
297
-20
80
-20
83
-19
81
-19
53
-20
67
-19
74
-11,536
-3,322
-7,345
2,125
-2,994
-5,033
-1,198
_j
5,473
-3,553
-7,935
-1,446
-160
240
-682
-66
-160
-240
-682
-66
89
14
86
17
5,544
1,711
-1,979
1,006
4,806
-522
172
-59
179
52
-3,485
-656
3,345
-155
671
19,373
16
-23
101
-62
-7,269
-1,503
-1,831
170
-4,106
5,345
(15)
(15)
(15)
(15)
-83
(15)
(15)
(15)
(15)
16
16
8
131
-64
28
56
162
16
-2
-1,388 -11,667
-1,213
-1,328
-5,304
-3,298
n.a.
1,029
-6,179
3,238
28,612
11,532
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
84
(15)
(15)
-3
-76
(15)
(15)
(15)
(15)
(15)
(15)
(*)
(15)
(15)
(15)
(15)
(15)
876
2,449
6,228
-15
—28
18
-4
-3,307
-960
-704
242
-1,885
5,948
13
14
-2
-7,358
-209
-453
-20
-6,676
10,479
(15)
(15)
(15)
759
526
930
1,527
6,337
(15)
(15)
(15)
(15)
(15)
7,101
-104
15
4,556
8,806
-847
15
2,160
4,323
n.a.
15
443
1,123
308
15
9,474
236
252
15
3,203
72
27
15
4,210
18
-96
15
- 2,305
797
125
15
4,366
-825
-419
is_ 4,443
490
n.a.
15
3,621
-583
-8,628
-5,760
-3,970
1,123
-2,211
1,484
4,330
-2,480
13,919
1,106
-665
-1,663
-1,601
-1,601
-482
-538
-505
-505
44
-336
-290
-290
-895
-1,111
-1,056
-1,056
-8,046
-18,307
-18,115
-18,140
-1,785
-2,536
-2,494
-2,500
-1,537
-5,033
-4,988
-4,996
-3,524
-7,149
-7,094
-7,101
-1,200
-3,589
-3,538
-3,544
-2,952
-5,211
-5,183
-5,189
-3,987
-6,211
-6,232
-6,235
64
65
66
67
(15)
(15)
-26
-3
-18
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
50
1,173
15
4,729
-319
187
15
5,692
1,038
-208
15
- 1,512
8,058
-2,916
-13,447
-2,502
-1,734
-3,025
-5,499
-5,462
-5,468
-4,898
-7,163
-7,167
-7,171
-2,154
-3,848
-3,629
-3,629
-509
-185
-125
-125
-498
-1,462
-1,399
-1,399
7,985
-1,281
15
- 2,231
3,902
-11,911
-4,288
-8,921
—8,847
,„_*_ 8,854
-1,781
-3,949
-3,904
-3,909
-106
(15)
(15)
7,870
1,048
15
13,465
7,906
43
15
9,010
(
(15)
(15)
4,839
n.a.
15
4,320
1,072
-298
15
-3,749
(15)
qj)
16
(15)
(15)
(15)
(15)
(15)
(15)
-99
4,922
(15)
(15)
(15)
0«)
-69
21
(15)
(15)
(15)
(15)
34
(15)
2,330
(15)
-20
35
13
22
2
(*)
-5,038 -1,177
-983 -1,454
-1,296 -1,742
-42
n.a.
2,018
-2,718
6,224
11,083
22
47
(15)
2,537
111
18
112
4
-1
2,102 -3,104
182
-226
-1,302 -2,845
761
46
2,461
-79
59 12,126
(15)
(15)
(15)
(15)
(15)
(15)
-i
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
22
(15)
(15)
2,072
(15)
743
(15)
(15)
(15)
(15)
1,735
(15)
(15)
(15)
(15)
1,787
(15)
(15)
-238
(15)
(15)
(15)
(15)
921
(15)
SURVEY OF CURRENT BUSINESS
48
September 1985
Table 10.—U.S. International
[Millions
Canada
Eastern Europe
(Credits +; debits -) l
Line
1984
1 Exports of goods and services 2
I
II
4,872 1,112
2
3
Merchandise, adjusted, excluding military 3
Transfers under U S military agency sales contracts
4
5
6
Travel
Passenger fares
Other transportation
1,099
1984
1985
1984
lr
III
IV
1,066
1,596
4,308
975
948
924
194
51
53
50
985
71,887
17,727
19,081
1,461 1,176
856
53,135
119
12,923
24
14,555
55
957
843
41
40
939
184
210
290
18
203
2
279
18
206
3
1,436
1,677
13
1,139
1,763
11
1,298
3,116
7
8
9
10
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
11
12
13
Receipts of income on U.S. assets abroad:
Direct investment
Other private receipts
U.S. Government receipts
,
.
14 Transfers of goods and services under U.S. military grant programs, net .
II
I
II"
39
17
74
7
4
19
2
4
18
3
4
18
1
4
19
1
4
20
9
4
21
1
1,162
72
818
30
232
40
56
5
59
13
61
7
56
15
44
4
47
16
5,500
6,949
49
.
15 Imports of goods and services
.
...
-672
-752
-526
2,499 -549
430
-1
643
(*)
-80
-6
-27
-39
-8
-8
-23
2,416
172
-41
43
-46
-42
-46
-47
-659
116
160
-87
-3
-96
7
-3
-100
11
67
-524
96
-2
-577
-80
-42
-48
67
Merchandise adjusted excluding military "
Direct defense expenditures
18
19
20
Travel
Passenger fares
Other transportation
21
22
23
24
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
-1
-19
40
(*)
-5
10
(*)
-5
13
(*)
5
(*)
5
-9
25
26
27
Payments of income on foreign assets in the United States:
Direct investment
Other private payments
U.S. Government payments
-33
-7
-8
-30
5
-2,152
-2
.
...
.
.
.
-626 -77,023 -18,194 -19,619
-617
-599 -536 -533 -69,516 -17,019 - 17,961
-56
-228
44
(*)
(*)
(*)
480
_]_
16
17
-269
-588
81
-9
(*)
-6
-12
(*)
-6
-9
-434
12
-435
-78
10
-9
-8
-8
(*)
511
-2,340
395
-50
-41
45
-32
-32
-173
24
15
-6
24
8
-6
19
9
-6
-18
258
62
85
20
19
117
8
28
-747
-1,532
-669
28 U.S. military grants of goods and services, net
29 Unilateral transfers (excluding military grants of goods and services) net
30
31
32
-166
U.S. Government pensions and other transfers . . .
Private remittances and other transfers
59
-23
-84
-19
-20
15
-6
-20
33 U.S. assets abroad, net (increase/capital outflow ( — ))
161
-77
-76
197
-146 -154
32
10
105
163
218
-11
-32
43
22
19
1
22
-4
29
-29
9
6
11
3
-12
43
34
3
116
-16
39
14
102
19
-35
n.a.
39
34
35
36
37
38
U.S. official reserve assets, net 4
Gold
..
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies... .
39
40
41
42
U.S. Government assets, other than official reserve assets net
U.S. credits and other long-term assets
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S short-term assets, net
43
44
45
46
47
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns .
U.S. claims reported by U.S. banks, not included elsewhere
48 Foreign assets in the United States, net (increase/capital inflow ( + ))
49
50
51
52
53
54
55
56
57
58
59
60
61
Direct investment
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
U.S. liabilities reported by U.S. banks, not included elsewhere
77
65
178
(*)
1
305
(*)
10
67
(*)
-8
-57
(*)
-15
193
-192
28
60
76
3
-9
14
-3
-96
20
(*)
647 -1,534
-2,811 -1,359
306
413
271
2,020
-752
-269
-593
-307
27
615
-873
-100
-158
60
-2
6,639
2,274
1,282
-925
-497
-985
-6
176
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(14)
(14)
(14)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(14)
(14)
(14)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(14)
(14)
(14)
2
14
-2
-35
(14)
(14)
(15)
0)
0)
(14)
(14)
(15)
(15)
7,564
2,401
2,771
798
2,267
139
33
15
-177 15 -6
n.a.
15
62
(*)
(15)
15
6
306
-18
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities 6
Other7
Other U.S. Government liabilities 8
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets9
6
4
1
(15)
1
(15)
(15)
(15)
(15)
(15)
(15)
(15)
-14
-1
35
11
-39 15 _ 7
1
(*)
(15)
(15)
(15)
(15)
(15)
(15)
(14)
(14)
1,602
248
632
-79
127
21
(14)
(14)
(14)
1
9
15
-15
15
15
160
-440
-646
15
(14)
62 Allocations of special drawing rights
63 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items with sign
reversed).
64
65
66
67
Memoranda:
Balance on merchandise trade (lines 2 and 16)
...
Balance on goods and services (lines 1 and 15) 10
Balance on goods, services, and remittances (lines 65 31 and 32)
Balance on current account (lines 65 and 29) 10
See footnotes on page 52.
-2,350 -461
2,156
2,373
2,266
2,207
495
563
538
533
518
572
546
522
281
314
288
273
-804
862
924
894
878
-670
640
682
658
650
-414
-583
323 -16,381
359 -5,137
335 -5,309
326 -5,309
-234
-4,096
-467
-509
-509
-28
-3,406
-537
-585
-585
September 1985
49
SURVEY OF CURRENT BUSINESS
Transactions, by Area—Continued
of dollars]
Canada
III
1985
UP
I
II
1984
III
IV
Ir
II"
I
II
Line
1985
1984
1985
1984
1984
lr
IV
Japan
Latin American Republics and other Western Hemisphere
1984
III
IV
lr
II"
17,801
17,278
17,069
19,652
64,073
15,329
15,224
16,832
16,689
15,875
15,292
33,586
8,205
8,555
8,310
8,516
8,284
7,816
1
12,978
28
12,679
11
15,145
21
29,790
209
6,876
57
7,298
45
7,569
60
8,047
47
7,703
97
7,487
127
23,247
494
5,582
72
6,015
113
5,683
136
5,967
174
5,873
118
5,335
88
2
3
803
760
556
13,433
16
909
265
279
222
217
3,391
472
1,713
724
122
408
823
126
403
878
137
511
966
87
391
876
99
396
844
102
390
1,287
768
2,061
351
196
489
305
257
482
383
146
563
248
169
528
382
187
529
338
267
516
4
5
6
279
18
207
4
313
19
203
21
293
19
206
1
204
20
200
25
513
87
1,258
85
105
23
300
18
109
22
311
24
147
21
310
26
152
21
337
17
138
22
377
22
102
23
373
31
394
524
257
13
88
128
63
5
110
130
64
2
100
132
64
5
95
134
66
2
77
136
67
5
105
137
68
2
7
8
9
10
1,435
1,812
15
1,490
1,697
10
309
1,642
19
1,389
1,620
8
867
25,292
396
597
6,022
77
-388
6,358
93
360
6,695
118
298
6,217
108
676
5,376
92
527
5,204
81
335
844
51
145
894
39
59
802
48
171
751
37
11
12
13
4
1
2
14
1
1
53
994
51
—1
227
869
39
21
761
3,601
180
1
-19,457
-19,754
-19,070 -20,635
-75,116
-18,690
-18,645
-19,569
-18,212
-18,619
-17,464
-68,286
-15,479
-16,825
-19,298
-16,684
-19,392
-20,364
15
-16,620
-82
-17,916
-46
-17,484
-123
-18,816
-72
-48,012
-397
-12,401
-125
-11,885
-128
-12,095 -11,631
-71
-72
-12,063
-66
-11,248
-68
-57,270
-1,498
-12,999
-321
-14,062
-410
-16,393
-349
-13,816
-417
-16,542
-373
-17,441
-364
16
17
-1,194
-365
-273
-619
-188
-196
-150
-173
-5,969
571
-1,780
-1,516
-140
-432
-1,388
-164
-461
-1,568
-173
-497
-1,497
-94
-389
-1,676
150
-437
-1,453
195
-473
-399
268
-2,470
-70
-56
-601
-144
92
-573
-88
75
-712
-97
45
-584
-83
-63
-635
-162
-115
677
18
19
20
-130
-3
-105
-13
-136
-3
-134
-48
-128
-3
-129
-8
-91
-3
-105
-26
53
-9
-1,648
-332
7
-2
-416
-75
21
-2
-416
-90
8
-2
-399
-94
17
-2
-418
-73
-13
-2
-458
-97
-1
-2
-457
-73
-9
-53
-114
-26
27
-12
-28
-9
-18
-13
-28
-7
-25
-14
-28
-8
8
-15
-29
-3
35
-16
-29
-11
41
-17
-31
-7
21
22
23
24
-361
-666
-95
-215
-572
-124
-111
-545
-116
-113
-497
-122
-351
-15,722
-379
-98
-3,421
-71
-5
-4,040
-86
I
-159
-4,413
-105
2
-89
-3,848
-117
-97
-3,406
-155
-20
-3,286
-189
-1,928
-1,536
-2,715
-491
-308
-611
-431
401
-646
-489
-420
-696
-518
-407
-762
-465
-385
-825
-295
-397
-902
25
26
27
14
-1
-1
1
-39
-44
-59
-52
-2,334
-445
-787
-642
-682
-818
-64
—4
-22
-14
-24
-21
-1
29
-1,330
-304
-700
-210
-76
-158
-460
211
-77
-172
536
-74
-177
373
-77
-193
409
-78
-195
536
-77
-205
-1
-63
13
-17
-8
-15
(*)
-14
-7
-18
-7
-14
15
-16
30
31
32
3,579
1,633
-47
7,430
-5,437
6,143
-1,327
683
545
-397
-422
2,412
33
10
-500
500
-143
-134
33
-152
34
687
-490
-34
-33
-82
-32
-32
18
18
(*)
2,426
217
662
n.a.
1,548
4,629
(15)
(15)
(15)
(15)
-21
-61
22
-67
23
-67
8
-63
11
1,149
305
-1,369
272
—4
14
28
1
488
176
355
130
257
-303
26
n.a.
(14)
862
2,653
15
15,327
223
2,742
15
3,987
170
3,878
15
8,701
287
-1,855
15
-1,119
182
-2,112
15
3,758
514
-1,456
15
3,754
652
n.a.
15
2,383
1,333
234
15
9,132
269
91
15
2,112
313
8
15
873
315
254
15
2,575
436
-119
15
3,572
237
-196
15
5,357
1,311
n.a.
15
2,810
-1,238
917
2,572
1,007
-9,872
-4,923
-8,850
-1,674
5,575
-5,361
1,249
20,319
4,262
5,818
6,234
4,005
6,074
5,509
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
-3,642
-1,665
-1,695
-1,695
-5,237
-2,476
-2,520
-2,520
-4,051
-2,001
-2,060
-2,060
-3,671
-983
-1,035
-1,035
-18,222
-11,044
-12,047
-13,378
-5,525
-3,361
-3,595
-3,806
-4,587
-3,422
-3,671
-3,882
-4,526
-2,738
-2,989
-3,525
-3,584
-1,523
-1,792
-2,165
-4,360
-2,744
-3,017
-3,426
-3,761 -34,023
-2,172 -34,699
-2,453 -34,764
-2,990 -34,764
-7,417
-7,272
-7,278
-7,278
-8,047
-8,269
-8,292
-8,292
-10,710
-10,988
-11,002
-11,002
-7,849
-8,168
-8,192
-8,192
-10,669
-11,108
-11,129
-11,129
-12,106
-12,549
-12,550
-12,550
64
65
66
67
9
-490
-1,477
-2,276
1,119
-319
5,545
1,625
2,190
3,355
-1,624
19,671
-35
54
18
1
340
-394
163
388
183
1,299
481
43
35
49
-6
-1,413
1,748
-414
-213
-2,534
858
198
17
18
237
-969
-233
n.a.
1,439
-244
-158
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(*)
(14)
(14)
22
11
(14)
(14)
-15
(14)
(14)
311
(14)
(14)
1,709
689
817
775
660
743
-86
593
(15)
10
-1
1,140
-750
-29
746
1,173
1,784
75
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(14)
(15)
(15)
(15)
(15)
(15)
(15)
-502
-593
218
-127
7,931
-193
254
218
7,652
-2,230
-500
-205
428
261
-38
-4,732
-2,000
374
812
-3,918
2,027
500
-209
389
216
-35
5,851
373
377
797
4,304
2,645
-143
-107
-600
282
212
-1,077
-1,146
864
n.a.
-796
3,068
-134
96
-33
31
34
17
34
31
-33
17
98
-3
721
69
1,313
-123
-538
13,762
33
-1
547
-285
327
-85
590
2,471
17
1
-136
84
370
11
-601
2,626
31
-1
691
497
653
29
-488
4,081
is
-1
2,038
960
340
597
141
7,095
-355
-747
436
-44
308
2,858
1,221
1,728
-5,499
12,779
-381
-227
-37
-78
-39
4,585
-82
23
13
34
2
-364
-84
-608
-121
449
5,477
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
-37
90
(15)
(15)
210
49
25
56
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
10
-415
-508
203
-110
(15)
(15)
(15)
(15)
181
(15)
-60
247
519
(15)
(15)
(15)
(15)
(15)
(15)
150
-193
-24
(15)
(15)
(15)
(15)
(15)
(15)
-91
67
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
-406
-161
-221
(15)
(15)
(15)
(15)
-130
-17
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
1,364
(15)
1,098
917
209
525
(15)
3,469
90
(15)
(15)
(15)
(15)
(15)
50
SURVEY OF CURRENT BUSINESS
September 1985
Table 10.—U.S. International
[Millions
Australia, New Zealand, and South Africa
(Credits +; debits-) 1
Line
II
III
IV
lr
II"
11,893
7,877
537
3,043
1,944
59
3,097
2,068
64
2,917
1,928
329
2,837
1,937
85
2,262
1,688
80
2,589
1,672
144
436
249
406
78
41
103
144
74
94
146
72
103
68
62
106
86
39
99
148
64
100
422
72
221
6
96
17
56
1
91
18
56
2
116
18
54
2
120
19
55
1
82
19
58
4
85
20
60
1
602
1,035
31
416
225
5
231
252
5
147
285
11
102
272
10
-130
232
5
64
229
4
,
-7,788 -1,782 -1,917
2,100
,
-5,596 -1,258 -1,428 -1,490 -1,420
-15
18
-8
-14
55
1 Exports of goods and services 2
2
Merchandise, adjusted, excluding military 3
3 Transfers under U.S. military agency sales contracts
4
5
6
Travel
Passenger fares
Other transportation
7
8
9
10
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
11
12
13
Receipts of income on U.S. assets abroad:
Direct investment
Other private receipts. .
U.S. Government receipts
1985
1984
I
. . .
14 Transfers of goods and services under U S military grant programs net
15 Imports of goods and services
16
17
Merchandise, adjusted, excluding military 3
Direct defense expenditures
18
19
20
Travel
Passenger fares
Other transportation
21
22
23
24
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
25
26
27
Payments of income on foreign assets in the United States:
Direct investment
Other private payments
U.S. Government payments
.
.
.
.
,
28 U.S. military grants of goods and services, net
.
29 Unilateral transfers (excluding military grants of goods and services), net
30
U.S. Government grants (excluding military grants of goods and services)
31
U.S. Government pensions and other transfers
32
Private remittances and other transfers
U.S. official reserve assets, net 4 . . . .
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
39
U.S. Government assets, other than official reserve assets, net
40
U.S. credits and other long-term assets .
41
Repayments on U.S. loans 5
42
U.S. foreign currency holdings and U S short-term assets net
43
U.S. private assets, net
44
Direct investment
45
Foreign securities
46
U.S. claims on unaffiliated foreigners reported by U S nonbanking concerns
47
U.S. claims reported by U S banks not included elsewhere
48 Foreign assets in the United States, net (increase/capital inflow ( + ))
49
Foreign official assets in the United States net
50
U.S. Government securities6
51
U.S. Treasury
securities
52
Other 7
53
Other U.S. Government liabilities 8
.
....
54
U.S. liabilities reported by U9 S banks not included elsewhere
55
Other foreign official assets
56
Other foreign assets in the United States, net
57
Direct investment
58
U.S. Treasury securities
59
U.S. securities other than U.S. Treasury securities. .
60
U.S. liabilities to unaffiliated foreigners reported by U S nonbanking concerns
61
U.S. liabilities reported by U S banks not included elsewhere
. .
,
. .
578
-318
419
4
-6
44
-45
-137
-61
-98
1
-1
11
-9
68
-72
99
4
-2
11
-19
163
-99
114
-210
86
108
-163
69
-99
-92
90
-110
(*)
-2
-11
-10
1
-2
-11
-7
-1
2
-12
17
-1
-2
-12
-7
(*)
-133
-589
1
31
-163
-12
-34
-151
-25
-34
-144
36
-35
131
11
-34
112
8
33
-89
-85
-1
-18
-65
-22
(*)
-5
-17
-21
(*)
-5
-16
-20
(*)
-5
- 15
22
(*)
-5
-17
-26
(*)
-5
-21
-22
(*)
-4
-18
769
513
-631
-558
154
215
12
18
-40
58
(*)
-649
788
-515
39
-961
-515
1
—2
3
(*)
-559
295
-39
29
-255
-542
10
-6
16
(*)
144
528
31
-25
328
872
-19
-32
13
(*)
-197
355
-88
-12
-452
-511
25
6
15
25
(*)
-37
200
-358
47
74
-335
5
1
763
329
92
4
338
-582
16
(*)
498
179
5
n.a.
314
230
. .
. .
62 Allocations of special drawing rights ...
. . .
. .
.
63 Statistical discrepancy, and transfers of funds between foreign areas net (sum of above items with sign reversed)
Memoranda:
64 Balance on merchandise trade (lines 2 and 16)10
65 Balance on goods and services (lines 1 and 15)
66 Balance on goods, services, and remittances (lines
65, 31, and 32)
67 Balance on current account (lines 65 and 29) 10
See footnotes on page 52 .
1,373 - 1,438
-5
-11
.
33 U.S. assets abroad, net (increase/capital outflow ( — ))
34
35
36
37
38
.. ..
1,989 -1,880 -1,870
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
171
178
93
166
51
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
1,497
17
-100
-251
(15)
(15)
(15)
-47
(15)
149
216
2414
-21
104
671
-2,875
. .
79
(15)
1,367
15
80
2,281
4,106
4,022
4,021
15
-139
686
1,261
1,239
1,239
161
(15)
-37
n.a.
15
-405
8
23
827
61
84
15
-495
101
5
15
-421
127
44
15
-493
-2,186
-71
479
544
-980
640
1,180
1,160
1,159
438
817
797
797
517
848
826
826
315
383
357
357
234
719
697
697
15
SURVEY OF CURRENT BUSINESS
September 1985
51
Transactions, by Area—Continued
of dollars]
International organizations and unallocated 13
Other countries in Asia and Africa
1984
1984
1984
lr
I
II
72,562
44,872
5,804
17,768
10,710
1,564
18,533
11,303
1,541
18,095
11,224
1,289
18,166
11,635
1,411
17,810
10,641
1,780
16,971
10,563
1,372
4,624
33
(*)
1,117
929
409
3,358
232
80
847
233
99
822
331
156
844
133
74
845
263
74
955
241
84
922
862
707
194
1,927
270
180
50
482
67
169
48
484
71
170
48
483
81
189
48
479
51
171
50
504
57
181
51
507
89
5,925
5,513
2,654
1,607
1,290
659
1,697
1,389
677
1,337
1,481
653
1,284
1,354
664
1,478
1,212
625
1,327
1,166
469
III
IV
I
II P
lr
IV
III
II
Line
1985
1984
1985
UP
1
2
3
1,295
33
1,193
1,020
1,274
53
1,248
99
156
249
220
238
248
253
-80
-11
-27
-23
-18
-13
-10
1,330
61
325
2
316
57
367
1
322
1
319
56
333
57
7
8
9
10
537
927
954
192
230
223
173
226
269
132
227
268
40
243
194
124
234
253
93
242
181
11
12
13
-3,017
-614
-655
-686
-1,062
-817
-796
(*)
4
5
6
71
14
16
6
36
5
7
-92,756
-22,031
-22,990
-25,657
-22,079
-22,379
-22,347
75,048
-2,517
-17,888
663
18580
-627
-21,136
572
-17,444
655
-18,023
-550
-17,874
-521
1,531
-459
-3,120
-362
-76
-703
-450
-112
-733
293
-132
-863
426
-139
-822
-348
-84
-915
-440
-114
-953
-65
-1,139
-19
-252
-11
-312
-17
-291
-18
-284
-20
-328
-12
-352
18
19
20
579
4
-497
-611
246
1
-126
-139
121
-1
-120
-162
89
1
-123
-178
122
1
-129
-132
149
-1
-128
-153
135
-1
-131
-152
-98
-489
-22
-58
-24
-16
-26
-45
-27
-370
-25
-48
-28
-15
21
22
23
24
-26
-3,736
-5,786
12
-851
-1,456
-8
-913
-1,405
-5
-1,026
-1,417
(*)
-946
-1,508
-33
-872
-1,422
18
-858
-1,420
-383
-843
-90
-174
-99
-193
-93
-214
-100
-262
-82
-314
-104
-286
25
26
27
-162
-162
-209
-194
-173
-173
-176
-176
-107
-107
-303
-288
14
15
16
17
71
-14
16
-6
-36
-5
-7
-7,422
-6,006
314
-1,101
-1,440
-1,072
-79
289
-1,363
-1,029
79
-255
-1,623
-1,322
-75
-226
-2,995
-2,583
-81
332
-1,997
-1,523
-80
-394
-1,936
-1,556
84
-296
-719
-704
15
29
30
31
32
-6,003
136
-4,839
2,145
-3,444
736
-2,273
-3,234
-595
-938
-778
-924
-119
-553
33
-1,974
426
609
-602
-337
17
-108
-979
-995
226
-200
288
-321
-271
-331
-i'94
-143
-264
281
180
72
34
35
36
37
38
-911
-919
8
-221
-225
4
-217
-222
5
-212
-212
-261
-261
-209
-213
4
-244
-244
-349
182
-49
-3
-.479
3,367
21
52
16
118
-2
-80
391
21
-112
-108
-149
-4
149
334
-20
37
-29
95
3
-32
662
14
-326
303
-113
73
-28
-266
-516
1,979
5
366
916
-48
-201
-74
250
n.a.
-376
169
-36
21
21
-20
14
5
-48
-36
-3,030
-5,144
2,050
64
-2,973
-2,797
204
28
-408
5,582
-1,205
-1,668
415
48
1,341
-518
235
223
1,401
-3,115
-832
-1,499
647
20
-4,007
-1,199
175
357
-2,626
2,194
-803
-1,188
393
-8
2,947
-232
-170
206
3,143
1,661
-190
-789
595
4
-3,254
-848
-36
-44
-2,326
4,842
-628
-965
328
9
1,364
-436
92
352
1,356
-2,078
-505
-997
490
2
-1,769
-386
-98
n.a.
-1,285
3,753
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
587
(15)
(15)
166
396
12
(15)
(15)
13
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
28
(15)
281
(15)
418
(15)
(15)
28
-15
-15
28,037
8,682
8,465
5,380
5,511
7,907
5,832
-1,021
-137
173
-218
-839
-1,147
235
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
-30,176
20,194
-21,610
-27,616
7,178
-4,263
-4,631
-5,703
-7,277
-4,457
-4,791
-5,820
-9,912
-7,561
-7,863
-9,185
5,809
-3,913
-4,326
-6,909
-7,382
-4,569
-5,043
-6,566
-7,311
-5,376
-5,756
-7,312
33
1,607
1,592
889
502
502
341
33
640
625
431
506
506
334
-41
-41
-217
53
457
457
351
99
452
437
149
64
65
66
67
948
(15)
321
-1,128
4,854
15
15
53
-152
-3,155
15
131
664
723
75
-1,639
2,795
15
-520
62
-1
4,491
388
(15)
(15)
(15)
(15)
(15)
-110
277
15
(15)
15
-26
660
-2,081
3,346
370
354
648
1,974
(15)
(15)
(15)
(15)
(15)
963
205
159
(15)
(15)
15
214
n.a.
2,992
15
413
227
2,706
-38
17
391
15
15
90
37
227
15
262
86
300
15
99
87
1,788
(")
-10
51
^922
(15)
-18
n.a.
223
15
52
SURVEY OF CURRENT BUSINESS
September 1985
Footnotes to U.S. International Transactions Tables 1-10
General notes for all tables:
r
Revised.
" Preliminary.
*Less than $500,000 (±).
n.a. Not available.
Table 1-2:
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; increase in foreign official assets in the United States.
Debits, —: imports of goods and services, unilateral transfers to foreigners; capital outflows (decrease in foreign assets (U.S. liabilities) or increase in U.S. assets); increase in U.S. official reserve assets; decrease in foreign official assets in the United States.
2. Excludes transfers of goods and services under U.S. military grant programs (see line 14).
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, 1985, were as follows in millions of dollars: line
34, 36,088; line 35, 11,090; line 36, 6,196; line 37, 11,394; line 38, 7,408.
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 agency sales contracts and other transactions arranged with or through foreign official agencies; see table 4.
9. Consists of investments in U.S. corporate stocks and in debt securities of private corporations
and State and local governments.
10. Conceptually, the sum of lines 67 and 62 is equal to "net foreign investment" in the national income and product accounts (NIPA's). However, the foreign transactions account in the
NIPA's (a) includes adjustments to the international transactions accounts for the treatment of
gold, (b) excludes capital gains and losses of foreign affiliates of U.S. parent companies from the
NIPA measure of income receipts from direct investment abroad, and from the corresponding
income payments, and (c) beginning with 1973-IV, excludes shipments and financing of military
orders placed by Israel under Public Law 93-199 and subsequent similar legislation. Line 65 differs from "net exports of goods and services" in the NIPA's for the same reasons with the exception of the military financing, which is excluded, and the additional exclusion of U.S. Government interest payments to foreigners. The latter payments, for NIPA purposes, are excluded from
"net exports of goods and services" but included with transfers in "net foreign investment." A
partial reconciliation table of the international accounts and the NIPA foreign transactions account appears in the "Reconciliation and other Special Tables" section in this issue of the SURVEY
OF CURRENT BUSINESS.
4. Line A35 includes foreign currency collected as interest and line A40 includes foreign currency collected as principal, as recorded in lines A13 and A14, respectively.
5. Includes (a) advance payments to the Department of Defense (on military sales contracts
financed by loans extended to foreigners by U.S. Government agencies and (b) the contraentry for
the part of lines CIO 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. Includes purchases of loans from U.S. banks and exporters and payments by the U.S. Government under commercial export credit and investment guarantee programs.
7. Excludes liabilities associated with military sales contracts financed by U.S. Government
grants and credits and included in line C2.
Table 3:
1. Exports, Census basis, represent transaction values, f.a.s. U.S. port of exportation; imports,
Census basis, represent Customs values (see Technical Notes, June 1982 SURVEY). The unadjusted
figures for exports and imports shown in lines Al, A10, Dl, and D60, are as published by the
Census Bureau, as are the seasonally adjusted figures in lines Al and A10. The seasonally adjusted figures in lines Dl and D60 are prepared by BEA and are the summation of seasonally adjusted 4<ligit end-use categories (see Technical Notes in the June 1980 SURVEY).
2. Adjustments in lines A5 and A14, B12, B46, and B80 reflect the Census Bureau's reconciliation of discrepancies between the merchandise trade statistics published by the United States and
the counterpart statistics published in Canada. These adjustments also have been distributed to
the affected end-use categories in section C.
3. Exports of military equipment under U.S. military agency sales contracts with foreign governments (line A6), 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 17 (direct defense expenditures).
4. Addition of electrical energy; deduction of exposed motion picture film for rental rather than
sale; 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 trom Census data.
5. Correction for discrepancy between sum of four quarters, seasonally adjusted, and unadjusted annual totals, plus the difference between Census published seasonally adjusted totals and the
summation of seasonally adjusted 4-digit end-use categories prepared by BEA.
6. Deduction of foreign charges for repair of U.S. vessels abroad, which are included in tables 1,
2, and 10, line 20 (other transportation); 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 16. Trade with international organizations includes purchases of nonmonetary gold from the IMF, transfers of tin to the International Tin Council (ITC), and sales of
satellites to Intelsat. The memoranda are defined as follows: Industrial countries: Western
Europe, Canada, Japan, and Australia, New Zealand, and South Africa; Members of OPEC: Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Indonesia, Algeria, Libya, Nigeria, Gabon; Other countries: Eastern Europe, Latin American Republics, other
Western Hemisphere, and other countries in Asia and Africa, less OPEC. For all years, "Asia"
and "Africa" exclude certain Pacific Islands and unidentified countries included in "Other countries in Asia and Africa."
8. Includes nuclear fuel materials and fuels.
Table 7:
1. Primarily mortgages, loans, and bills and notes drawn on foreigners.
2. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
3. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
4. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries.
Table 4:
1. Expenditures to release foreign governments from their contractual liabilities to pay for defense articles and services purchased through military sales contracts—first authorized (for
Israel) under Public Law 93-199, section 4, and subsequently authorized (for many recipients)
under similar legislation—are included in line A3. Deliveries against these military sales contracts are included in line CIO; see footnote 2. Of the line A3 items, part of these military expenditures is applied in lines A40 and A43 to reduce short-term assets previously recorded in lines
A38 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 contracts for the recipient countries
and is applied directly to lines A39 and C9. A third part of line A3, disbursed directly to finance
purchases by recipient countries from commercial suppliers in the United States, is included in
line A34. A fourth part of line A3, representing dollars paid to the recipient countries to finance
purchases from countries other than the United States, is included in line A45.
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 partly 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. Data for the most recent quarters are extrapolated
estimates by BEA because of incomplete reports from two operating agencies.
Table 5:
1. Also included in line 4.
2. Acquisition of equity holdings in existing and newly established companies, capital contributions, capitalization of intercompany accounts, and other equity contributions.
3. Sales, liquidations, and other dispositions of equity holdings, total and partial.
4. 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. "Other" industries includes mining; trade; banking; finance (except banking), insurance, and real estate; agriculture, forestry, and fishing; construction, transportation, communications, and public utilities; and services.
5. Also included in line 40.
Table 6;
1. Primarily provincial, regional, and municipal.
2. Largely transactions by International Bank for Reconstruction and Development (IBRD),
International Development Association (IDA), International Finance Corporation (IFC), Asian Development Bank (ADB), and Inter-American Development Bank (IDE).
3. Estimate for scheduled redemptions and identifiable early retirements. Includes estimates
based on Canadian statistics for redemptions of Canadian issues held in the United States. Unidentified and nonscheduled retirements appear in line 29.
4. Issues through finance affiliates established primarily to borrow capital from abroad. Issues
are almost always guaranteed by the establishing U.S. parent and are often convertible into the
parents' securities. To the extent proceeds are transferred from offshore affiliates to U.S. parents—the common practice—they are recorded as direct investment transactions in table 5, line
8.
Table 8:
1. Includes central governments and their agencies and corporations; state, provincial, and
local governments and their agencies and corporations; and international and regional organizations.
2. U.S.-owned banks are mainly U.S.-chartered banks and Edge Act subsidiaries. U.S. brokers'
and dealers' accounts may be commingled in some categories. Foreign-owned banks include U.S.
branches and agencies of foreign banks and majority-owned bank subsidiaries in the United
States.
3. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
4. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
5. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries.
6. Includes Eastern Europe and international and regional organizations.
Table 9:
1. Negotiable certificates of deposit issued by banks in the United States are included in banks'
custody liabilities and are separately identified in memorandum line 8. Nonnegotiable certificates
of deposit are included in time deposits.
2. Includes borrowing under Federal funds or repurchase arrangements, deferred credits, and
liabilities other than deposits.
3. Mainly negotiable and readily transferable instruments, excluding U.S. Treasury securities.
4. U.S. Treasury notes denominated in foreign currencies and subject to restricted transferability that were sold through foreign central banks to domestic residents in country of placement.
None of these notes were outstanding after July 1983.
5. Mainly International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Asian Development Bank
(ADB), Inter-American Development Bank (IDE), and the Trust Fund of the International Monetary Fund.
6. U.S.-owned banks are mainly U.S.-chartered banks and Edge Act subsidiaries. U.S. brokers'
and dealers' liabilities may be commingled in some categories. Foreign-owned banks are U.S.
branches and agencies of foreign banks and majority-owned bank subsidiaries in the United
States.
7. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
8. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
9. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries.
10. Includes Eastern Europe and international and regional organizations.
Table 10:
For footnotes 1-10, see table 1.
11. The "European Communities (10)" includes the "European Communities (6)," United Kingdom, Denmark, Ireland, and Greece.
12. The "European Communities (6)" includes Belgium, France, Germany, Italy, Luxembourg,
Netherlands, European Atomic Energy Community, European Coal and Steel Community, and
European Investment Bank.
13. Includes, as part of international and unallocated, the estimated direct investment iin foreign affiliates engaged in international shipping, in operating oil and gas drilling equipment that
is moved from country to country during the year, and in petroleum trading.
14. Details not shown separately; see totals in lines 49 and 56.
15. Details not shown separately are included in line 61.
53
SURVEY OF CURRENT BUSINESS
September 1985
Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and
Trade
Tables 1, 2, and 3 present constant-dollar inventories, sales, and inventory-sales ratios, respectively, quarterly and monthly. Table 4 presents
quarterly constant-dollar fixed-weighted inventory-sales ratios, i.e., ratios
obtained by weighting detailed industry ratios by 1972 sales. Table 5 pre-
sents monthly inventories for manufacturing by stage of fabrication.
Quarterly estimates for 1981:1 to 1984:11, and monthly estimates for 1984
were published in the September 1984 SURVEY OF CURRENT BUSINESS.
Table 1. — Manufacturing and Trade Inventories in Constant Dollars,
Seasonally Adjusted, End of Period
Table 2.—Manufacturing and Trade Sales in Constant Dollars,
Seasonally Adjusted Total at Monthly Rate
[Billions of 1972 dollars]
[Billions of 1972 dollars]
19 85
II
Feb.
Mar.
Apr/ May
June July"
282.7
283.5
282.3
282.7
283.4
282.8
283.5
283.9
145.4
145.5
145.4
145.4
145.5
145.1
145.5
145.8
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles
Other..
Other durable goods 1
992
11.5
108
23.0
18.1
19.8
4.8
150
16.1
994
11.3
107
22.8
18.5
20.1
4.8
153
16.0
991
11.4
107
23.1
18.1
19.8
4.9
149
16.1
992
11.5
108
23.0
18.1
19.8
4.8
150
16.1
99.3
11.3
107
23.1
18.2
19.9
4.9
15.0
16.1
99.0
11.3
107
23.0
18.3
19.9
4.8
15.1
15.9
99.4
11.3
107
22.8
18.5
20.1
4.8
153
16.0
99.8
11.2
106
22.8
18.7
20.3
4.9
15.4
16.1
Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied
products
Petroleum and coal
products
Rubber and plastic products..
Other nondurable goods 2
46.2
11.1
35.1
4.6
46 1
11.2
349
4.5
46.3
11.2
35.1
4.5
46.2
11.1
35.1
4.6
46.3
11.2
35.0
4.5
46.1
11.2
34.9
4.5
46.1
11.2
34.9
4.5
46.0
11.3
34.8
4.4
9.1
9.3
9.0
9.1
9.1
9.2
9.3
9.3
3.2
3.1
15.2
3.1
3.1
14.9
3.2
3.1
15.3
3.2
3.1
15.2
3.2
3.1
15.2
3.2
3.1
15.0
3.1
3.1
14.9
3.1
3.1
14.8
61.0
61.9
61.0
61.0
61.2
61.4
61.9
61.9
399
21.1
8.3
12.8
401
21.8
8.7
13.1
401
20.9
8.2
12.8
399
21.1
8.3
12.8
40.1
21.1
8.3
12.9
40.0
21.4
8.6
12.8
40 1
21.8
8.7
13.1
40.1
21.8
8.8
13.0
76.3
76.1
75.9
76.3
76.7
76.3
76.1
76.2
353
17.3
18 1
410
79
331
353
17.1
182
408
81
327
347
16.8
178
41.2
79
333
353
17.3
181
41.0
79
331
356
17.4
182
41.1
80
331
352
16.9
182
41 1
80
331
353
17.1
182
40.8
81
327
349
16.7
182
41.3
81
332
Manufacturing and trade
Manufacturing
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade . ..
Durable goods
Auto dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
19 85
19 85
19 85
I
I
II
Feb.
Mar.
Apr. T
May
June
July"
181.1
183.2
181.1
181.8
183.5
184.8
181.1
182.5
81.7
82.0
81.5
82.2
81.7
82.3
81.9
81.9
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical ....
Electrical machinery
Transportation equipment
Motor vehicles
Other
Other durable goods 1
462
41
5.3
9.1
8.5
10.2
72
30
90
463
4.2
5.4
9.5
8.4
9.7
6.7
30
92
461
4.1
5.2
8.9
8.6
10.3
73
30
90
464
40
5.3
9.6
8.7
9.8
67
31
90
462
4.2
5.3
9.5
8.2
9.9
6.8
30
91
464
4.2
5.5
9.5
8.2
9.9
6.9
29
9.2
464
4.1
5.5
9.5
8.7
9.5
6.3
31
9.2
46.1
4.2
5.7
8.9
8.3
9.8
6.6
32
9.2
Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied
products.
Petroleum and coal
products.
Rubber and plastic products..
Other nondurable goods 2
355
11.6
238
3.1
356
11.7
239
3.1
355
11.6
238
3.1
358
11.8
24 1
3.1
355
11.6
239
3.1
359
12.0
239
3.2
35.5
11.5
240
3.1
35.7
11.8
23.9
3.1
66
6.6
66
66
6.7
6.5
6.7
6.8
29
1.8
9.5
29
1.7
9.5
29
1.8
9.4
30
1.8
9.7
30
1.8
9.4
2.9
1.8
9.5
2.9
1.7
9.5
2.9
1.7
9.4
Manufacturing and trade
Manufacturing ...
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade
Durable goods
Auto dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
44.3
44.9
44.2
44.4
45.4
46.0
43.2
44.4
20.6
237
12.5
11.3
20.9
240
12.5
11.5
20.2
240
12.5
11.5
20.9
235
12.2
11.3
21.1
243
12.4
11.9
21.5
245
12.8
11.7
20.0
232
12.1
11.0
20.4
24.0
12.3
11.8
55 1
56 3
554
552
564
565
561
56.3
21.1
117
9.4
340
104
23.6
22.0
123
9.7
344
10.6
23.8
21.2
118
9.4
342
104
23.8
21.3
118
9.4
339
103
23.7
22.0
123
9.7
345
10.5
23.9
22.2
125
9.7
344
10.5
23.8
21.8
122
9.6
343
10.6
23.6
21.9
12.3
9.6
344
10.6
23.8
See footnotes to table 4.
See footnotes to table 4.
Table 3.—Constant-Dollar Inventory-Sales Ratios for Manufacturing
and Trade, Seasonally Adjusted
Table 4.—Fixed-Weight Constant-Dollar Inventory-Sales Ratios for
Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1972 dollars]
[Ratio, based on 1972 dollars]
19 85
I
19 85
II
Feb.
Mar.
19 84
Apr/ May
June
July"
1,56
1.55
1.56
1.56
1.54
1.53
1.57
1.56
1.78
1.78
1.78
1.77
1.78
1.76
1.78
1.78
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles
Other
Other durable goods 1
215
2.81
205
2.53
2.12
1.93
.67
497
179
215
2.72
1 98
2.40
2.21
2.07
.72
5.04
174
215
2.77
2.06
2.59
2.11
1.92
.67
4.91
180
214
2.88
2.04
2.39
2.08
2.02
.72
4.85
179
215
2.72
2.01
2.43
2.22
2.01
.71
4.93
1.76
213
2.70
1.95
2.42
2.22
2.01
.69
5.14
174
214
2.74
1.96
2.40
2.13
2.13
.76
4.91
1.73
216
2.67
1.88
2.55
2.25
2.07
.74
4.78
1.75
Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied
products
Petroleum and coal
products
Rubber and plastic products..
Other nondurable goods 2
1 30
.96
147
1.48
1 30
.96
1.46
1.43
1.31
.96
1.47
1.46
1.29
.95
1.46
1.48
1.30
.96
1.47
1.47
1.29
.94
1.46
1.42
1.30
.98
1.46
1.43
1.29
.95
1.45
1.42
1.37
1.40
1.38
1.38
1.35
1.41
1.39
1.37
1.10
1.71
1.60
1.07
1.78
1.57
1.08
1.69
1.63
1.08
1.73
1.57
1.06
1.77
1.62
1.10
1.73
1.57
1.07
1.83
1.57
1.06
1.80
1.58
1.38
1.38
1.38
1.38
1.35
1.34
1.43
1.39
1.94
89
.67
1.13
1.92
91
.70
1.14
1.99
.87
.65
1.11
1.92
.90
.68
1.13
1.90
.87
.67
1.08
1.86
.88
.67
1.10
2.00
.94
.72
1.19
1.97
.91
.72
1.10
1.39
1.35
1.37
1.38
1.36
1.35
1.36
1.36
168
1.47
193
1.21
76
1.40
161
1.39
188
1.19
76
1.38
1.64
1.42
1.90
1.21
.76
1.40
1.66
1.46
1.92
1.21
.77
1.40
1.62
1.42
1.88
1.19
76
1.38
1.59
1.35
1.88
1.20
.76
1.39
1.62
1.40
1.90
1.19
.76
1.38
1.60
1.36
1.90
1.20
.76
1.40
Manufacturing and trade
Manufacturing
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade
Durable goods
Auto dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
See footnotes to table 4.
1985
III
IV
I
II
1.55
1.55
1.56
1.54
1.82
1.79
1.80
1.78
Durable goods
Nondurable goods
220
1 38
2 16
136
219
134
2 16
133
Merchant wholesalers
1.35
1.37
1.37
1.38
Durable goods
Nondurable goods
1.92
89
1.96
89
1.96
88
1.95
91
1.27
1.28
1.31
1.27
1.56
1 12
1.60
1.13
1.66
1 13
1.59
1 11
Manufacturing and trade
Manufacturing
Retail trade
Durable goods
Nondurable goods .
r
Revised.
p
.
.
.
.
.
Preliminary
1. Includes lumber and wood products; furniture and fixtures; stone, clay, and glass products;
instruments and related products; and miscellaneous manufacturing industries.
2. Includes tobacco manufacturers; textile mill products; apparel products; printing and
publishing; and leather and leather products.
NOTE.—Manufacturing inventories are classified by the type of product produced by the
establishment holding the inventory. Trade inventories are classified by the type of product sold
by the establishment holding the inventory.
Table 4: The I-S ratios shown in this table were obtained by weighting detailed industry I-S
ratios by 1972 sales. For manufacturing, 21 industries were used; for merchant wholesalers, 20
kinds of business; and for retail trade, 8 kinds of business.
54
SURVEY OF CURRENT BUSINESS
September 1985
Table 5.—Manufacturing Inventories by Stage of Fabrication in Constant Dollars, Seasonally Adjusted, End of Period
[Billions of 1972 dollars]
1985
1985
Feb.
Mar.
Apr. r
May
June
July'
Materials and supplies
Manufacturing
48.8
48.5
49.1
48.8
48.9
48.4
48.5
48.1
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation equipment
Other durable goods
30.2
4.0
4.5
6.7
4.9
2.5
2.2
5.5
29.8
4.0
4.4
6.6
4.7
2.5
2.2
5.4
30.3
4.1
4.4
6.7
4.9
2.5
2.3
5.5
30.2
4.0
4.5
6.7
4.9
2.5
2.2
5.5
30.2
4.0
4.5
6.7
4.8
2.5
2.3
5.5
29.8
4.0
4.4
6.6
4.8
2.4
2.2
5.4
29.8
4.0
4.4
6.6
4.7
2.5
2.2
5.4
29.6
3.9
4.4
6.5
4.6
2.5
2.3
5.4
Nondurable goods
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods
18.6
3.9
2.3
3.4
.9
1.1
6.9
18.7
4.1
2.3
3.5
.9
1.2
6.8
18.8
4.0
2.3
3.4
.9
1.1
7.0
18.6
3.9
2.3
3.4
.9
1.1
6.9
18.6
3.9
2.3
3.5
.9
1.1
6.9
18.5
3.9
2.3
3.4
.9
1.1
6.8
18.7
4.1
2.3
3.5
.9
1.2
6.8
18.5
4.0
2.3
3.5
.9
1.1
6.8
Work-in-process
Manufacturing
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation equipment
Other durable goods
Nondurable goods
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods
51.3
51.7
51.0
51.3
51.3
51.3
51.7
52.1
44.3
4.3
3.6
9.5
9.5
1.5
11.3
4.5
44.7
4.2
3.6
9.2
10.0
1.5
11.7
4.5
44.0
4.1
3.6
9.5
9,5
1.5
11.2
4.5
44.3
4.3
3.6
9.5
9.5
1.5
11.3
4.5
44.3
4.2
3.6
9.4
9.7
1.5
11.3
4.5
44.4
4.2
3.6
9.3
9.8
1.5
11.5
4.5
44.7
4.2
3.6
9.2
10.0
1.5
11.7
4.5
45.2
4.2
3.6
9.4
10.2
1.5
11.8
4.6
7.0
.9
.5
1.4
.6
.5
3.0
6.9
.9
.5
1.5
.6
.5
2.9
7.0
.9
.5
1.4
.6
.5
3.0
7.0
.9
.5
1.4
.6
.5
3.0
7.0
.9
.5
1.4
.6
.5
3.0
7.0
.9
.5
1.4
.6
.5
3.0
6.9
.9
.5
1.5
.6
.5
2.9
6.9
.9
.5
1.5
.6
.5
2.9
Finished goods
45.3
45.3
45.3
45.3
45.4
45.4
45.3
45.6
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation equipment
Other durable goods
24.7
3.2
2.7
6.8
3.7
.8
1.4
6.1
24.8
3.2
2.7
6.9
3.8
.8
1.4
6.1
24.8
3.2
2.7
6.9
3.7
.9
1.4
6.1
24.7
3.2
2.7
6.8
3.7
.8
1.4
6.1
24.7
3.1
2.7
7.0
3.7
.9
1.4
6.0
24.8
3.1
2.7
7.0
3.7
.9
1.4
6.0
24.8
3.2
2.7
6.9
1.4
6.1
25.0
3.2
2.7
6.9
3.9
.9
1.4
6.1
Nondurable goods
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods
20.6
6.3
1.7
4.3
1.7
1.4
5.2
20.5
6.3
1.7
4.3
1.7
1.4
5.2
20.5
6.3
1.7
4.2
1.7
1.4
5.3
20.6
6.3
1.7
4.3
1.7
1.4
5.2
20.7
6.4
1.7
4.2
1.7
1.5
5.3
20.6
6.4
1.7
4.3
1.7
1.4
5.2
20.5
6.3
1.7
4.3
1.7
1.4
5.2
20.7
6.4
1.7
4.4
1.6
1.5
5.2
Manufacturing
See footnotes to table 4.
3
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CURRENT BUSINESS STATISTICS
The statistics here update series published in BUSINESS STATISTICS: 1982, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume
(available from the Superintendent of Documents for $8.00, stock no. 003-010-00124-1) provides a description of each series, references to sources of earlier
figures, and historical data as follows: For all series, monthly or quarterly, 1979 through 1982, annually, 1961-82; for selected series, monthly or quarterly,
1961-82 (where available).
The sources of the series are given in BUSINESS STATISTICS: 1982; they appear in the main methodological note for each series, and are also listed
alphabetically on pages 135-136. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
Annual
IT .,
Umts
1983
1984
July
1984
Sept.
Aug.
1985
Oct.
Nov.
Dec.
Apr.
June
July
Aug.
Jan.
Feb.
Mar.
3 1460
3 1562 '3 184 7 '3 163 7 r3 175 7 '3 189 7 3 1989
May
GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates:
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: $
Farm ... .
do
Nonfarm
do
Rental income of persons with capital
consumption adjustment....
bil. $..
Dividends
do
Personal interest income
do....
Transfer payments
do
Less: Personal contributions for
social insurance
do
Total nonfarm income
do
DISPOSITION OF PERSONAL INCOME t
Seasonally adjusted, at annual rates:
Total personal income
bil $
Less: Personal tax and nontax
payments
do
Equals: Disposable personal income
do ....
Less: Personal outlays
do....
Personal consumption expenditures
do....
Durable goods
do
Nondurable goods
do
Services
do
Interest paid by consumers to
business
do
Personal transfer payments to
foreigners (net)
do....
Equals: personal saving
do
Personal saving as percentage of disposable
personal income §
percentDisposable personal income in constant (1972)
dollars
bil $
Personal consumption expenditures in
constant (1972) dollars
do....
Durable goods
do
Nondurable goods
do
Services
do
Implicit price deflator for personal consumption
expenditures
index, 1972—100..
INDUSTRIAL PRODUCTION <>
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
1977= 100 ..
By industry groupings:
Mining a n d utilities . . .
do
Manufacturing
do
Nondurable manufactures
do ....
Durable manufactures
do...
Seasonally Adjusted
Total index...
do
By market groupings:
Products, total
do .
Final products
do
Consumer goods
do
27442
30121
30277
30458
30683
30793
30975
31118
3 1292
16592
18040
18124
18169
1829 1
18309
18472
18649
1 872 5 18809
5193
3952
398.6
413 1
328.2
1731
5693
4339
432.0
4529
349.8
1955
5712
4350
435.9
4548
3505
1967
574 1
4375
434.3
4558
3526
1981
5748
4368
439.0
461 3
354.1
1995
5752
4381
438.7
461 8
355.1
2010
5808
4425
443.5
4662
3567
2025
5867
4468
447.0
4729
3584
2039
5903
4484
445.6
4733
3632
2051
5894
4464
448.8
477 2
3656
2063
593 1
4489
452.5
481 8
3673
2075
593 4
4472
452.3
4853
3721
2088
594 1
4477
455.5
4877
3707
2102
4488
'459.2
r
4940
3724
2115
4486
'458.8
r
4954
r
3744
r
2128
138
1079
282
1262
265
1260
274
1261
280
127 1
291
1293
280
1296
31 0
1302
264
1320
282
1342
226
1359
42 1
1366
14 1
1375
14 1
1377
1388
1415
58.3
703
376.3
4050
62.5
111
433.7
4167
62.6
780
441.4
4171
62.9
782
449.5
4199
63.3
794
457.1
4187
63.7
798
456.8
4228
64.1
802
456.0
4251
64.5
805
455.5
4176
64.6
81 0
455.8
4376
64.7
81 4
456.1
4404
64.9
81 9
456.2
4396
r
'67.5
827
451.6
4391
'68.6
829
'452.1
'4473
69.4
832
451.2
4429
1196
2701 1
1325
29543
1330
29716
1333
29885
134 1
30102
134 2
30199
1352
30390
1363
30501
1458
30732
1463
30851
27442
30121
30277
3 0458
3068 3
30793
3097 5
3 111 8 3 129 2 3 1460
3 1562
r
3 184 7 '3 163 7 '3 175 7 '3 189 7
31989
4042
2,340.1
2,222.0
2,155.9
2798
8017
10744
4353
2,576.8
2,420.7
2,341.8
318 8
8569
1 1662
4388
2,589.0
2,430.2
2,350.5
320 2
859 2
1 171 1
4404
2,605.4
2,431.1
2,350.1
313 2
853 5
1 183 4
4434
2,624.9
2,465.6
2,383.7
318 2
871 6
1 1938
4460
2,633.3
2,461.6
2,378.1
318 1
8626
1 1974
451 8
2,645.7
2,480.9
2,395.9
3243
864 6
1 2069
457 2
2,654.5
2,502.1
2,415.5
3364
8722
1 2069
457 6
2,671.6
2,520.8
2,432.6
331 7
8752
1 2257
519 1
2,637.1
2,542.5
2,451.1
3347
877 1
12393
r
r
'4809
4795
4656
3995
'2,708.8
'2,719.1 rr 2,764! 1 '2,6961
r
2,595.8
'2,606.8
'2,575.7
2,589.8
r
2,483.0 r2,495.6 r2,500.4 '2,510.4
'3339
'3367
3427
341 0
'8922
8912
'8904
894 1
'1
281 6
1
276
1
1 247 9 1 261 8
4852
2,713.7
2,639.0
2,541.5
3586
8939
12889
651
778
786
799
809
82 1
83 5
85 1
864
1.0
118 1
1.2
1561
1.1
1587
1.1
1743
1.1
159 2
1.5
171 6
1.5
164 9
1.5
152 5
1.8
1509
1.8
110 3
5.0
61
61
63
64
63
62
59
52
45
1 0954
1 1690
1 174 3
1 1747
1 1807
1 181 5
1 186 3
1 1923
1 1928
1 1822
1 1707 1 205 4 1 222 7 1 187 8 1 1922
1,009.2
1575
3763
4754
1,062.4
1781
393 6
4908
1,066.1
1784
396 1
4915
1,059.5
1748
391 1
4936
1,072.2
1778
399 1
4953
1,067.0
1783
3924
4963
1,074.3
181 7
3944
498 2
1,085.0
188 8
3983
497 9
1,086 0
1862
397 8
5020
1,093.2
1882
4003
504 8
1,088.2 1 100 7 1,103.9 1,101.6
1922
187
8
186 5
190 3
r
403 0
4023
397 8
404 4
'511 4
503 9
'506 1 r5087
2136
2204
2205
2218
2223
2229
2230
222 6
224 0
2246
2253
2256
r
r
109.2
121.8
121.6
125.8
127.0
125.5
123.0
119.5
120.0
123.7
124.1
122.9
123.3
127.2
P122.7
127.1
1106
1302
128.7
1312
P
1132
1293
131.2
1280
1038
1102
113.7
107.7
1109
1239
122.5
1248
1119
1235
123.2
1235
1143
1280
127.9
1279
1129
1297
129.3
1299
1066
1291
127.9
1298
1096
1256
123.3
1270
1092
1218
1232
1235
1233
1227
113.9
1147
1093
127 1
1278
1182
1286
1292
119 1
1290
1297
1184
1288
1298
1183
1290
1299
1185
4904
2,655.6
2,545.3
2,455.8
3380
879 4
1 238 3
87 7
1 903 1 19080 1 920 7 1 923 0 19345
1 8947
r
65.6
823
454.4
4396
r
67.0
825
'453.0
4397
r
595 1
r
r
r
5944
r
136
5984
4521
459.8
4999
3764
2141
124
1492
1494
1502
1478
1483
1472
31044 '3 112 1 '3 119 1 '3 131 1 '3 145 7 31561
89 6
1.8
94 6
r
43
r
1.5
143 4
r
939
'950
962
1.5
1743
1.5
1004
1.3
'1021
1.3
747
r
r
927
91 2
51
51
226 1
3.4
46
1,104.9
189 4
403 3
512 1
2272
2270
1108
121 3
117.9
1235
1142
121 2
117.1
1242
116 8
1252
121.8
1276
111 8
1264
122.5
1292
1076
1258
122^4
1282
106 7
1265
123.7
1285
1234
123 3
1236
1237
1240
124 1
124 1
1244
"1244
1248
1299
1307
1196
1298
1306
H9>7
1296
1304
1188
1298
130 4
119 1
1303
1308
1198
1308
131 3
119 5
131 4
131 7
1200
1317
131 7
1207
P
1317
P
132 3
1324
121 3
110 1
"1246
"124.6
"1246
131 7
P1204
See footnotes at end of tables.
S-l
S-2
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,,Um
unus
1983
September 1985
1985
1984
Annual
1984
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
115.1
121.0
120.9
'101.3
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION <>-Continued
Seasonally Adjusted— Continued
By market groupings—Continued
Final products—Continued
Durable consumer goods
1977 = 100...
98.5
112.6
113.8
Automotive products
do ....
95.1
110.4
109.8
Autos and trucks, consumer *...do....
84.7
103.0
102.8
Autos, consumer *
do ....
81.1
93.2
92.8
Trucks consumer *
do
91 5
121 2
121 5
Home goods
do
101 1
1148
1164
Nondurable consumer goods,
do ....
113.3
120.2
120.9
Consumer staples
do....
125.9
117.7
125.0
Consumer foods and
tobacco
do
1262
1269
1196
Nonfood staples
do
1157
1250
1239
Equipment
do
1217
1405
1425
Business
and defense
equipment *
do....
141.4
121.0
1396
Business equipment
do
1370
1154
1349
Construction, mining,
and farm *
do. .
68.9
53.6
666
Manufacturing
do
1106
917
1094
Power *
do
714
792
803
Commercial
do ....
213.5
178.4
209.2
Transit
.do
976
886
986
Defense and space equipment
do....
143.1
158.5
157.9
Intermediate products
do ....
127.0
124.9
111.2
Construction supplies
do....
100.6
114.3
114.0
Business supplies
.do
1378
1203
1342
Materials
do....
1028
115.8
114.6
Durable goods materials
do....
103.7
123.5
122.3
Nondurable goods materials
do ....
106.2
111.2
111.6
98.4
106.0
Energy materials
do ....
104.0
By industry groupings:
Mining and utilities
do
1038
1129
1109
Mining
do
1029
1148
1109
Metal mining
do ...
652
79.6
770
Coal . . . .
do
1133
1417
1276
Oil and gas extraction #
do
1028
1109
1091
Crude oil
do
1053
1069
1061
Natural gas
do...,
831
91.0
899
Stone and earth, minerals
do
1061
116 1
1183
Utilities . . .
do
1052
1098
1109
Electric
.
do
1112
1168
1161
Manufacturing
do
1102
1239
1254
Nondurable manufactures
do ....
113.7
123.9
122.5
Foods
do
1204
127 1
1278
Tobacco products
do..,
1013
1007
1009
Textile mill products
do
1009
1037
1057
Apparel products. .
do
953
1028
1023
Paper and products
do
1198
1273
1282
Printing and publishing
do....
129.8
147.9
152.3
Chemicals and products
do
1140
121 7
1229
Petroleum products
do ....
84.0
87.4
87.0
Rubber and plastics products
do
1460
1243
143 2
Leather and products
do.
820
767
770
Durable manufactures
.do .. .
1077
1248
1264
Lumber and products
do
1002
1091
1079
Furniture and fixtures
do
1182
1367
139 4
Clay glass and stone products
do
99 1
1123
113 8
Primary metals
do ..
730
824
806
Iron and steel
do
66 1
735
690
Nonferrous metals
do ...
86.2
102.7
99.3
89.1
103.7
Fabricated metal products
do ...
102.8
Nonelectrical machinery
do ...
1183
1420
1461
Electrical machinery
do...
143.8
172.4
175.3
Transportation equipment
do . . .
99.2
114.2
113.6
Motor vehicles and parts
do...
85.8
105.4
105.6
Instruments
. do
1232
1369
1394
BUSINESS SALES
4
424
965
4
940
798
Mfg and trade sales (unadj ) total @
mil $
395 232
Mfg. and trade sales (seas, adj.),
total @
do 1 4 424 965 1 4 940 798 412 233
Manufacturing, total tt • •• •
do 1 2 045 2971 2 274 932 189 896
Durable goods industries
do
1 019 411 1 182 019 97 841
Nondurable goods industries
do ... 1,025,886 1,092,913 92,055
Retail trade, total $
..do. . 1 1,174,298 ; 1 297 015107 563
Durable goods stores
do
396 493 464 287
38465
Nondurable goods stores
do
69098
777 805 832 728
Merchant wholesalers total t
do 1 1 205 3701 1 368 851 114 774
Durable goods establishments .
. do
516 964 613 382
51818
Nondurable goods establishments
do ...
62,956
698,406 755,469
Mfg. and trade sales in constant (1972)
dollars (seas, adj.), total §
bil $
1786
Manufacturing
do
808
Retail trade
....do..
537
Merchant wholesalers
do
440
See footnotes at end of tables.
113.3
111.6
106.0
92.7
1308
1146
120.2
125.4
111.5
107.4
98.7
851
124 1
1147
120.7
126.3
111.4
104.2
95.0
840
1154
1169
121.0
126.7
113.3
110.2
103.1
89.7
127 8
1158
121.8
127.4
113.1
111.6
104.7
95.6
121 5
1143
122.1
127.7
112.8
114.2
112.5
102.5
131 1
1116
121.1
126.6
112.8
115.4
111.7
100.7
1320
1109
121.4
126.9
113.5
115.1
110.5
101.3
1275
1122
122.1
127.9
111.5
113.1
109.0
100.5
1247
1102
122.5
128.5
111.8
113.6
109.6
98.1
1309
1104
123.1
129.0
112.9
113.8
109.4
97.0
1323
112.2
123.5
129.7
"ii2.i
1266
1243
1445
1277
1250
1450
1282
1254
1450
1276
1275
1455
129 1
1265
1449
127 1
1260
1457
1278
1260
1453
1280
127.7
145.4
1294
127.6
146.9
1289
129.1
147.1
130.6
128.7
146.4
"129.9
"128.9
"146.6
129.6
147.1
143.5
1391
144.1
1392
144.1
1391
144.6
1398
143.9
1384
145.5
1404
145.6
1400
146.1
1402
147.7
1420
147.9
1419
147.2
1406
"147.2
"140.4
147.7
140.7
68.1
1134
803
216.5
1006
160.7
126.9
115.3
136.9
116.1
124.4
111.6
105.5
67.9
1133
824
216.9
99.3
163.4
125.6
114.7
134.9
115.9
124.0
111.4
105.5
69.5
1127
837
216.4
98.5
163.5
126.2
114.6
136.1
114.2
123.7
111.2
99.9
68.2
1124
838
217.1
102.9
163.3
127.2
115.7
137.1
114.6
123.9
110.7
101.5
68.5
1115
845
214.5
100.9
165.3
127.3
114.7
138.0
114.6
123.4
110.7
102.4
68.8
1116
825
217.4
106.7
165.3
126.8
116.2
135.9
115.4
124.2
110.9
103.9
68.3
1123
818
217.0
104.9
167.3
127.7
115.7
137.9
115.4
123.3
111.4
104.9
67.1
1120
796
218.9
104.5
169.0
128.6
116.9
138.6
115.5
123.3
110.3
106.2
68.4
1124
818
221.8
106.0
170.1
129.3
117.4
139.4
115.0
122.8
110.4
105.3
67.4
1131
f
828
'222.8
102.9
171.2
130.3
118.1
140.7
114.2
120.7
111.3
105.3
r
67.7
111.9
r
83.3
r
219.6
103.1
172.8
131.8
119.7
142.2
114.5
121.2
111.6
105.2
"68.5
"112.3
"83.7
"218.9
"102.2
"173.5
"131.9
"120.1
"142.0
"114.3
"121.2
"112.6
"103.9
1119
1130
72.2
1364
1102
1068
889
1184
1100
1168
1259
123.2
127 7
973
1035
1013
1282
151.5
1220
87.5
144 5
742
1277
109 4
1400
113 7
840
746
101.9
104.1
1478
176.2
116.2
108.3
1398
1121
113.6
73.6
1442
1092
1059
88.1
1176
1097
1162
1256
123.1
1282
996
1009
1001
1289
148.8
1242
85.7
144 1
734
1272
110 4
140 9
1126
829
73 6
100.6
104.8
1465
176.8
114.3
104.6
1402
1080
1072
75.3
1020
1101
1072
89.3
1142
1094
1168
1255
123.3
129 1
103 1
1003
100 5
1276
149.5
123 5
85^4
146 0
709
1270
110 2
139 9
113 3
813
71 0
100.6
104.8
1466
178.4
113.4
103.1
1386
1101
108.8
75.5
1131
1098
1072
89.2
1153
1121
1187
1260
123.8
1287
1027
97 1
101 1
1277
153.5
124 3
86^2
146 6
71 5
1275
109 5
1398
1136
809
71 1
99.5
105.4
1458
178.9
116.0
107.5
1386
1099
108.9
69.3
1162
1098
1070
89.7
1132
111 6
1175
1258
123.4
129 0
1074
947
1025
1288
151.2
123 4
84.7
146 6
714
1274
1094
1380
111 8
784
689
96.3
105.9
1446
180.2
117.8
109.5
1389
1114
1105
70.5
1185
1107
1082
92.3
1185
1130
1189
1259
123.2
128 2
972
936
1026
1283
150.4
1257
84.1
1459
691
1278
1092
136 5
1127
817
71 0
102.0
1064
1450
176.0
120.4
113.0
1387
1119
1095
74.5
1215
1082
1075
90.2
1198
1158
1219
1258
123.8
1294
1038
985
1031
1264
150.3
1258
84.0
1457
692
1272
109 1
1390
1105
802
68 5
102.2
107.6
1449
173.2
120.5
112.5
1387
1118
110.5
83.6
1319
106.8
108.4
89.4
1187
1139
1195
1263
123.9
1285
103.4
994
1013
1269
152.6
1265
84.7
144 1
694
1280
1095
1392
111 4
818
732
98.1
108.6
1465
173.1
120.8
111.3
139.0
111.1
109.6
81.2
1285
106.5
107.1
85.8
1185
1136
1191
1266
124.3
1308
98.4
990
1002
1251
154.2
1258
87!3
144 9
699
1282
1109
1410
114 5
814
719
99.3
109.1
148.9
168.9
120.7
110.9
138.5
111.3
109.8
r
78.3
1287
106.9
108.3
86.5
1187
1137
1195
1266
124.7
1314
r
95.7
1000
1003
124 1
155.4
1267
r
87.4
144 3
71.0
127.9
1122
1420
1163
r
76.4
654
r
97.2
108.3
149.1
169.3
120.9
110.5
139.9
111.7
110.4
r
77.2
134.0
106.7
107.8
87.5
117.9
113.8
119.4
1267
125.4
1318
100.5
1033
r
992
127.1
156.3
1264
'87.0
1446
70.5
127.7
1140
1419
1158
78.3
r
676
'98.5
107.4
145.9
169.9
121.7
110.5
140.7
"111.0
"109.6
"76.1
"128.0
"107.0
"108.1
"85.9
"1178
"113.3
"118.9
"126.8
"125.8
"1315
"116.7
"113.7
"101.1
"1372
"108.6
"123.5
"129.4
"104.0
"100.9
"127.9
"156.4
"1270
"87.5
"1455
"71.3
"127.5
"144.6
"1165
"78.3
"664
"100.8
"107.7
"145.8
"165.7
"123.2
"112.5
"140.7
417 072 413 047
426 712 420 403 433 117
386 374 392 159
430 696 425 937 442 179 r433 541 408 884
413 300
191 155
100 254
90,901
107 396
38071
69325
114 749
51920
62,829
412 276
189 330
98214
91,116
108 373
38301
70072
114 573
51 888
62,685
414 243
191 275
100 807
90,468
108 974
39281
69693
113 994
51780
62,214
417 635
193 043
102 394
90,649
110,255
39934
70321
114 337
51 505
62,832
421 613
196 181
103 939
92,242
110 519
40295
70224
114913
51045
63868
417 350 418 667
191 724 192261
101 966 101 724
89,758 90,537
110 972 112 096
40 622 41073
70350 71023
114 654 114310
52582 50874
62072 63436
420 776
194 303
102 116
92,187
111 854
40765
71089
114 619
52729
61890
426 472
193,509
102 068
91,441
115351
42932
72419
117 612
53136
64476
428 275
194,638
102 718
91,920
114,884
42789
72095
118 753
54274
64,479
1789
819
532
438
1783
807
54.1
435
1781
809
535
437
1797
817
54.1
440
1827
833
55.1
44 3
1818
822
552
444
1835
817
564
454
1848
823
565
460
1805
814
548
444
181 1
815
554
44 2
r
418 378
193,871
102
657
r
91,214
113,730
r
42 064
r
71 666
110
777
r
50 429
r
60 348
181
1
r
81.9
r
56.1
r
432
422,243
193,793
102 492
91,301
113,912
42218
71694
114 538
51,487
63,051
1825
819
56.3
444
110.6
123.5
129.8
112.9
'84.1
<219.3
102.8
175.0
132.2
120.2
114.5
121.6
113.0
103.2
1?
110.4
?
' 108.9
127.0
106.5
112.9
118.3
127.5
126.1
157.8
'88.4
'128.4
'78.9
107'!5
146.5
165.9
126.8
117.5
141.2
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-3
SURVEY OF CURRENT BUSINESS
September 1985
.. u
unils
1983
1985
1984
Annual
1984
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
July
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES
Mfg. and trade inventories, book value, end of
period (unadj.), total @
.mil. $
514 377 566 119
Mfg. and trade inventories, book value, end of
period (seas, adj ), total @
mil $
520 281 573 434
Manufacturing, total tt
do
260 682 285 709
Durable goods industries
do
171 629 191 109
Nondurable goods industries
do
89053
94600
Retail trade, total $
do
139 123 155 517
Durable goods stores
do.
66845
74582
Nondurable goods stores
do
72278
80935
Merchant wholesalers total t
do
120 476 132 208
Durable goods establishments
do
77331
86436
Nondurable goods establishments .
do
43 145
45772
Mfg. and trade inventories in constant (1972)
dollars, end of period(seas. adj.),total §....bil. $ ..
Manufacturing
do
Retail trade
do
Merchant wholesalers
do.
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade total @
ratio
138
134
152
1.45
Manufacturing, total tt
do . ..
Durable goods industries
do
201
185
Materials and supplies
do
60
55
Work in process
do. .
90
85
45
Finished goods
do
51
Nondurable goods industries
do . ..
103
103
Materials and supplies
do
41
41
Work in process
do
17
16
Finished goods
do .
46
46
Retail trade, total $
do
134
137
Durable goods stores
do
183
187
Nondurable goods stores
do
1 12
107
Merchant wholesalers, total t
do....
1.17
1.11
Durable goods establishments
do ....
1.76
1.60
Nondurable goods establishments
do ...
71
72
Manufacturing and trade in constant (1972)
dollars, total § .
do
Manufacturing
do
Retail trade
do
Merchant wholesalers
do.
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS tt
Shipments (not seas, adj.), total
mil $ 2 045 297 2 274 932
Durable goods industries, total
do
1019411 1 182 019
Stone, clay, and glass products
do ..
49058
54993
Primary metals
do
117 904 131 152
Blast furnaces, steel mills
do
48189
53836
Fabricated metal products
do
120 570 139 213
Machinery, except electrical
do
178 267 210 168
Electrical machinery
do. ..
156,016 182 534
Transportation equipment
do
240 496 288 306
Motor vehicles and parts.. .
.
do
151 870 191 493
Instruments and related products
do.
47913
53511
Nondurable goods industries, total
do . 1 025 886 1 092 913
Food and kindred products
do. .. 286,605 295 050
Tobacco products . .
do
15462
16918
Textile mill products
do
52219
55078
Paper and allied products
do
85135
95944
Chemical and allied products..
do. .. 190,230 211 833
Petroleum and coal products ..
do
191 551 200 588
Rubber and plastics products
do
50320
52147
Shipments (seas, adj.), total
do
By industry group:
Durable goods industries, total #
do
Stone, clay, and glass products
do ....
Primary metals
do ..
Blast furnaces, steel mills
do
Fabricated metal products
do
Machinery, except electrical
do . . . .
Electrical machinery
do
Transportation equipment .
do
Motor vehicles and parts
do
Instruments and related
products
do
Nondurable goods industries, total # do....
Food and kindred products
do
Tobacco products
.
do
Textile mill products
do
Paper and allied products .
do
Chemicals and allied products
do...,
Petroleum and coal products
do
Rubber and plastics products .
. do
See footnotes at end of tables.
553 030
558 519 565 439 577 714 582 094
566 119
568 432 577 064
580 273 582 604 579 140 r577 841 575,413
557 168
279 774
184 588
95186
148 817
70012
78805
128 577
82913
45*664
561 715
282 774
187 035
95739
149 508
70201
79 307
129 433
83908
45525
565 475
284 531
188 619
95*912
150 334
70801
79 533
130 610
84882
45728
568 750
285 597
190 088
95509
152 130
71896
80234
131 023
85208
45815
571 239
285 668
190 669
94999
153 070
72839
80 231
132 501
85868
46633
573 434
285 709
191 109
94600
155 517
74582
80935
132 208
86436
45772
575 802
285 785
192 153
93632
157 770
76393
81 377
132 247
86423
45824
578 940
286 146
192 030
94116
159 163
76838
82325
133 631
87589
46042
578 768
286 171
192 355
93816
158 732
77401
81331
133 865
87084
46781
580 201
286 049
192 475
93574
160 184
78,312
81872
133 968
87451
46517
577 781
284 900
191 546
93354
158 867
77001
81866
134 014
86966
47048
2721
1426
713
582
2743
1440
715
588
2761
144 9
718
594
2776
1453
727
596
2783
145 1
728
603
2790
144 9
738
603
2804
145 1
749
603
2823
1454
759
610
2827
145 4
763
610
2834
145 5
767
612
2828
145 1
763
614
135
147
189
56
86
45
1.03
41
16
46
138
182
1 14
1.12
1.60
73
1 36
148
187
56
85
45
105
41
17
48
139
184
1 14
1.13
1.62
72
137
150
192
57
88
46
105
41
16
48
139
185
1 14
1.14
1.64
73
137
149
189
56
87
46
1.06
42
17
48
140
183
1 15
1.15
1.65
74
137
148
186
55
87
46
105
41
16
48
139
182
1 14
1.16
1.67
74
1 36
146
184
54
85
45
103
40
16
47
141
1 85
1 15
1 15
1.69
72
1 38
149
188
55
87
47
104
41
16
47
142
188
1 16
1 15
1.64
74
138
149
189
55
87
46
104
41
16
47
142
187
116
1.17
1.72
73
138
1.47
188
54
88
46
102
39
16
47
142
190
114
1.17
1.65
76
1 36
148
188
55
88
46
102
40
16
47
139
182
1 13
1.14
1.65
72
152
177
133
132
1 53
176
134
134
155
180
133
137
156
180
136
137
155
178
135
137
153
174
134
136
155
178
137
136
1 56
178
137
138
156
177
138
138
1 54
178
136
135
175 871 188 640
88392 96620
4526
4981
10 101 10952
4*216
4432
10713 11786
15*762 16389
13700 15009
20081 22 260
12854 14791
4168
4436
87479 92020
23733 24452
1291
1 494
3843
4*697
7706
8167
16502 17447
16783 16641
4 190
4*441
189,896 191 155
97841 100 254
4,573
4680
11,098
11,170
4622
4559
11 560 11 612
17,474 17,645
15127 15434
23437 24942
15575 16872
4544
92,055
25091
1399
4505
8143
17995
16714
4362
199 382
103 544
4931
10 569
4 286
12346
19297
16718
23777
15*106
4*914
95838
25897
1 571
4 918
8170
18349
17 509
4557
189 330
196 319
103 893
4998
10 926
4428
12670
18059
15605
25 630
17 345
4564
92426
25279
1 379
4 643
8149
16951
16 584
4423
191 275
190 545
100 716
4639
10263
4 101
12380
17799
15372
25612
17 113
4550
89829
24427
1 343
4259
7860
16524
16608
4316
193 043
189 108 175 771
99614
91591
4101
4015
9252
10 185
4 281
3741
11936
11 909
14734
19328
13557
16572
24 438
24341
17 168
14226
4099
4706
89494
84180
22817
24894
1 208
1 717
3706
4 141
7721
7 811
17 124
17550
16 588
14699
3894
3857
196 181 191 724
98214 100 807 102 394 103 939
4510
4706
4722
4693
10,471 10912 10846 10322
4369
4494
4 334
4 092
11 737 12 110 12726 12910
18122 18,149 18012 17 915
15705 15338 15378 16730
22905 24 586 25847 26*556
14588 16 175 17388 17427
4504
4540
90901 91,116
24429 24329
1 412 1 421
4518
4556
7997
8004
17980 17666
16426 17087
4272
4302
4428
90,468
24614
1356
4459
8050
17732
16416
4142
4523
90,649
24593
1331
4375
8137
17557
16592
4435
4562
92242
25023
1 599
4412
8 253
18095
16 416
4334
192 579
101 849
4391
10771
4483
13055
17 107
15288
26707
17*904
4*645
90730
24969
1 522
4*224
8389
17*860
15285
4*155
192 261
r
579 665
285 678
192
239
r
93,439
158,508
r
77,344
r
81 164
135
479
r
87 357
r
48 122
r
r
579,752
285,151
192,381
92,770
158,602
76,497
82105
135 999
87563
48436
2835
1455
r
761
r
619
2839
1458
762
619
135
146
186
53
87
46
102
39
16
47
138
180
1 14
113
1.60
73
139
1.47
187
53
88
46
1.02
40
16
r
47
139
184
1 13
122
1.73
r
80
137
1.47
188
53
.89
46
1.02
39
.15
.47
1.39
181
1 15
1.19
1.70
77
153
176
135
134
157
178
136
143
156
178
136
1.39
203 913 194 611 197 375 r207 055 179,521
92,763
109 305 103 923 105 450 112,012
r
4,764
5,231
4725
4994
4984
9685
236
10912 11 106 11015 11
r
4044
4*603
4749
4579
4*647
14106 13751 14391 14 982 13,458
19982 17769 18149 19 867 15,634
16352 14612 14796 16,844 13,551
27639 26630 26747 r27 268 21470
499 13118
17962 17749 18224 17
r
4,442
5 252
4670
4946
4529
r
94608 90688 91925 r95 043 86,758
23,419
25939 23980 25030 25,276
r
1349
219§
1800
1 442 1772
r
3783
4360
4651
4720
4*266
r
7,662
8491
8394
8099
8224
19157 18702 18211 19,194 16,727
15923 16397 16342 16
812 16149
r
3,843
4208
4110
4098
4 107
194 303 193 509 194 638 193,871 193,793
657 102,492
101 966 101 724 102 116 102 068 102 718 102
r
4,819
4,753
4,822
4718
4670
4933
4742
10,639
10500 10411 10034 10,586 10,579 10,481
r
4434
4377
4181
4478
4282
4413
4377
13 478 13 204 13 470 13548 13975 13 854 14403
16788 17*049 18367 18117 18067 17 979 17,323
669 14974
14782 15220 15544 14589 14801 15
r
26795 26331 25 120 25317 25 175 24 335 24989
18359 17497 16187 16475 16673 15*291 15842
4542
89758
24825
1 329
4254
8069
18001
14869
4227
4784
90,537
24893
1 684
4*231
8 140
17630
15554
4 185
4692
4699
92,187 91,441
25045 24603
1 874 1 468
4306
4*299
8047
8029
17583 17*955
16520 16816
4102
4*049
4747
91,920
25101
1836
4287
8190
17456
16418
4103
r
4896
r
91,214
r
24
139
r
2006
r
4248
r
8 131
17 982
16
308
r
3903
4,841
91,301
24717
1465
4,423
8094
18,230
16096
3,992
Aug.
S-4
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,, .,
September 1985
1985
1984
Annual
unils
1983
1984
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS t-Continued
Shipments (seas, adj.)—Continued
By market category:
Home goods and apparel
mil $
Consumer staples . .
do
Equipment and defense products,
except auto
..
do
Automotive equipment
do
Construction materials, supplies, and
intermediate products
do
Other materials, supplies, and
intermediate products
do
Supplementary series:
Household durables
do
Capital goods industries
do
Nondefense .....
do
Defense
do
Inventories, end of year or month:
Book value (unadjusted) total
do
Durable goods industries total
do
Nondurable goods industries total
do
Book value (seasonally adjusted), total
do....
By industry group:
Durable goods industries,
total #
do
Stone, clay, and glass
products
do
Primary metals
do
Blast furnaces steel mills
do
Fabricated metal products
do
Machinery except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor
vehicles
and
parts
do
Instruments and related
products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
do
Nondurable goods industries,
total #
do
Food and kindred products
do
Tobacco products
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied
products
do .
Petroleum
and
coal
products
do
Rubber and plastics
products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
do
By market category:
Home goods and apparel
do
Consumer staples
do
Equip, and defense prod.,
exc. auto
do
Automotive equipment
do
Construction materials, supplies, and
intermediate products
do
Other materials, supplies, and
intermediate products
do
Supplementary series:
Household durables
do
Capital goods industries
do
Nondefense
do
Defense
do
New orders, net (not seas, adj.),
total
do
Durable goods industries total
do
Nondurable goods industries total
do
New orders net (seas adj ) total
do
By industry group:
Durable goods industries, total .
do
Primary metals
do
Blast furnaces, steel mills
do
Nonferrous and other primary metals
do
Fabricated metal products
do...
Machinery except electrical
,
do
Electrical machinery
do .
Transportation equipment
do ...
Aircraft, missiles, and parts , . . . do
Nondurable goods industries, total
do .
Industries with
unfilled
orders $
.
do
Industries without unfilled
orders Q
do
By market category-'
Home goods and apparel
do...
Consumer staples
do
Equip, and defense prod., exc. auto
do...
Automotive equipment
do ...
Construction materials, supplies, and
intermediate products
do ...
Other materials, supplies, and
intermediate products
do ...
Supplementary series:
Household durables ...
do
Capital goods industries
do ...
Nondefense
do
Defense
do
See footnotes at end of tables.
1 145 igs 1 156 346
1
383 308 1 403 584
13 023
34230
12885
33702
12809
33621
12868
33969
12 839
33718
13 183
34 675
12837
34512
12982
34677
13222
35116
13114
33979
13214
34923
13
173
r
34 802
13022
34495
'1 297 016 11 338 881
174 193 215 445
1 157 168 1 179 172
27969
17 549
28420
18 806
29296
16 533
28951
18 109
29403
19 388
30531
19324
27920
20389
29,552
19345
30887
18 148
30,170
18413
29,843
18600
r
31,123
17 190
29,832
17630
14 636
15007
15 136
15574
16018
16 371
16688
16338
16669
17 014
17396
17 488
17556
1 888 427
1981500
82489
82335
81935
81 804
81677
82097
79378
79367
80261
80,819
80662
r
80,095
81,258
1
64 777
1
337 497
1
272
339
7
1
75 036
1
386 980
1
314
475
1
6331
31979
25926
6053
6,295
6,263
33452
27371
6081
6,533
33105
26782
6323
6,377
33434
27095
6339
6348
35086
28321
6765
6521
31628
25248
6380
6,316
33029
26334
6695
6,451
34485
27767
6,718
6,443
33454
27102
6,352
6,574
33393
26,809
6,584
r
6,608
r
34 703
r
27,482
r
6,466
33,623
26,774
6,849
65 158
72 503
oo QQQ
26360
6033
257 601
169 023
88 578
260,682
281 956 279 544 283 072 283 187 285 417 284 794 281 956
188 091 184 794 187 591 187 888 189 632 189 368 188 091
93 865 94751 95482 95299 95785 95426 93865
285,709 279,774 282,774 284,531 285,597 285,668 285,709
171 629
191 109
184 588
190,088
190 669
191,109
5676
19*403
9 213
17 764
36*757
28*178
40*457
5869
20632
9401
19 251
40696
32783
47418
5878
21073
9897
18353
39059
30912
45202
5897
21 199
9 983
18283
39939
31 459
46077
5932
21 270
9 990
18712
39835
31 934
46824
5896
20927
9764
18803
40360
32 564
47281
5887
20734
9612
19269
40659
32764
47,092
5869
20632
9401
19251
40696
32783
47418
9408
11219
10510
10579
10747
10963
10923
11219
9412
9007
9477
187 035 188 619
9,513
9,360
9,470
9,417
9412
7,221
r
284 529 287 323 286 913 288 095 287,400 286,071 284,960
077 192 603
190 648 192 814 193 157 193 991 193 692 193
93881 94509 93756 94104 93708 r92 994 92357
r
285,785 286,146 286,171 286,049 284,900 285,678 285,151
192,381
192 153 192,030
192,355
5911
19577
8950
19139
41463
33 396
47801
5880
19,310
8816
19024
41 669
33 537
47,733
5958
19558
8878
19210
41502
33 614
47,708
5920
19,297
8717
19093
41609
33 744
48,091
5880
19083
8619
18804
41273
33957
48,060
5,982
19,100
r
8587
18 893
r
41,009
r
34 270
r
48,582
5968
18,898
8481
18637
40949
34541
48,903
10993
11 142
11 115
11254
10979
11 127
11261
9,709
9,684
9,537
9,670
9,714
192,475 191,546 192,239
r
r
9,657
9,713
54,104
91073
47,204
51604
77 463
42562
56469
88 105
46 535
55491
84797
44300
56155
86170
44710
56592
86886
45141
56619
87685
45784
56101
88290
46278
56469
88 105
46535
56033
88 672
47448
55768
88967
47295
55,445
89684
47226
55,638
89537
47300
54,693
89654
47 199
r
54,714
r
90 306
r
89053
2Q869
3935
6908
8728
94600
21 500
3 558
7 017
9691
95186
22061
3 543
7 331
9*368
95739
21 933
3511
7364
9461
95912
21 630
3578
7310
9581
95509
21 344
3 586
7 342
9594
94999
21 448
3 544
7 118
9667
94600
21 500
3*558
7*017
9691
93632
23800
3 599
6946
9880
94116
24 183
3629
6991
9883
93816
24 180
3530
6*932
9942
93574
23929
3470
6876
9782
93,354
23612
3426
6747
9690
r
93 439
r
23
465
r
3301
r
6737
r
9678
92,770
23209
3317
6651
9502
19616
21872
21545
21874
22247
22102
21918
21872
21360
21366
21420
21,364
21,499
r
22,050
21,870
8266
8427
8821
8839
8757
8800
8609
8427
8209
8045
8042
7,973
8,183
r
5676
5989
6199
6283
6 158
6104
6043
5989
5931
6028
6069
6044
6055
r
36170
14480
38403
36635
14811
43 154
37595
14943
42648
37513
15135
43091
37 534
14968
43410
37 387
15*014
43108
37 197
14*810
42992
36635
14811
43154
36731
14656
42245
36914
14642
42560
36400
14524
42,892
36399
14351
42,824
21018
32 266
23046
34262
22554
34 032
22676
34091
22845
34 173
23021
34084
22959
34 223
23046
34*262
23136
34 102
22885
34417
22685
34 209
73281
11 566
83372
13713
79489
12856
81221
13 001
81815
13 175
83129
13 422
83526
13*397
83372
13 713
84796
13499
85263
13 680
84844
13 606
19 850
19 551
19 583
19495
19 563
19 352
111 713 111 765
110 669
110 406
111 264
110 600
11837
96427
73336
23091
11680
96834
73429
23405
11694
96629
73140
23489
11703
97299
73293
24006
19 150
19 551
19 656
19 591
19 639
19 681
103 401
111 765
111 187
112 194
112 884
112 260
10110
83226
65389
17837
11585
94 813
72296
22 517
10922
90 586
69852
20734
11 045
92440
71 125
21 315
11203
93*251
71*110
22 141
11 378
94487
71 936
22 551
2 079 102 2 299 609
1 051 573 1 207 327
1 027 529 1 092 282
7
2 079 102 1 2 299 609
7,953
7,621
6,094
6,153
36107
14318
42,929
r
36 448
14,336
r
42,655
35833
14,103
42,834
22797
34234
22340
34247
r
22 354
r
22,358
34140
85377
13 689
85586
13449
r
85,567
13 498
86,092
13642
19336
19 555
19473
11371
94 629
72048
22 581
11 585
94 813
72296
22*517
178 051 187 068 197 133 193 050 190 850
90449 95493 101 496 100 935 101 287
87 602 91 575 95637 92 115 89 563
194 061 192 384 189 217 186 799 194 982
190 119
100 479
89 640
193 671
183 087 195 781 204 229
98622 105 013 109 729
84465 90768 94 500
195 210 193 057 191 532
105 447 102 467
10 803 10015
4377
4 680
99544
10019
4093
99839
11 169
4734
* 1 051 573 1 1 207 327 101 979 101 860
1 1123 394 1 129 346
11 012 10848
4386
51 282 7 52 547
4377
47 219
34 053
109 942 1 10,651 109,446
11,487
97467
73505
23962
1 1,407 11,486
98352
73,079
24 721 25273
r
98 019
r
73,298
r
192 564 195 193 r208 112 178 929
101 914 103,166 112
968 92,087
90650 92027 r95 144 86842
191 081 195,019 198 261 195,647
102 971 106 780 104,355
10559 10 736 10578
r
4344
4534
4215
98210
10086
3954
96506 104 434
10462 10536
4338
4368
101 307
10 098
4 248
5086
11,892
17705
16,457
25,491
7633
90524
4896
11995
17800
16592
22,605
7 148
91007
4 925
12,257
16928
14929
22,226
5211
90293
4 985
13,131
17905
14976
28470
9723
90548
4734
12,824
16751
15136
26,725
8106
92364
4826
13*582
15255
17935
27818
8329
89763
4 527
12,979
20497
14502
24,831
6095
90590
4 657
13,253
18782
15871
22,532
5026
91988
5 101
13,457
17002
14378
23,975
6433
91242
5013
13,593
17332
14947
26,416
8002
92048
r
5229
13,426
17 822
16 200
r
28,300
10 573
r
91 481
4807
14,245
17615
14952
26,719
9350
91292
20669
20189
20475
20477
20341
20811
20927
20704
20836
20396
21243
r
21096
848 041
71 413
70335
70532
69816
70 207
71 553
68 836
69 886
71 152
70846
70 805
r
70 114
70 196
1
145,896
1
383 242
1
310,882
1
1
156,164
1
403 509
1
361,887
1
13,090
34219
30,778
17,465
12,873
33714
30,744
18,476
12,709
33593
30,247
16,107
12,700
34003
27,318
17/707
12,354
33690
32,982
19,110
13,197
34675
29016
19,186
13,426
34516
29982
20,231
12,962
34758
30366
19,662
12,910
35047
30,750
18,123
12,843
33988
29299
18,247
13,118
34943
30,738
18,461
13,210
r
34 770
r
33,946
17,438
13,033
34490
31,795
17,337
1
156,572
1
179,527
14,530
15,249
15,059
15,681
16057
16574
16822
16,511
16322
17,036
17200
17,324
17,450
1
905,890
1
984,368
83,979
81,328
81502
79390
80789
81023
80233
78798
78380
79668
80559
r
81 573
81542
1
74 969
;
413,931
7
6377
35,740
28140
7 600
6320
34,826
26736
8 090
6188
34695
27394
7 301
6417
30,426
25259
5 167
5925
36927
26836
10 091
6371
34341
26893
7 448
7 093
34694
23633
11 061
6220
34201
29493
4 708
6 167
33446
27206
6 240
6 195
31591
25461
6 130
6453
34367
25594
8773
r
6616
r
39 222
r
6423
36143
26473
9670
1 59 618
1
61 342
1
140,282
1
213
008
1
191 281
7
301,530
1
5249
11392
18692
16232
25170
81 899
93 227
8417
1
1 027 5291 1 092 282 92082
1
119,455
1
180 874
1
165,573
1
254,004
1
1
1
222 706 1 244 241
804 823
176,620
1
65 389
1
354,712
7
273
162
1
81 550
1
214,151
324 208
1 89 723
21367
27 984
11 238
Aug.
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-5
SURVEY OF CURRENT BUSINESS
September 1985
,, ..
1985
1984
Annual
u
1983
July
1984
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
July
Aug.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS tt— Continued
Unfilled orders, end of period (unadjusted),
total
mil $
328 232
Durable goods industries total
do
317 708
Nondurable goods industries with
unfilled orders $
do
10524
Unfilled orders, end of period (seasonally
adjusted) total
mil $
330 924
By industry group:
Durable goods industries, total #
do
320 123
Primary metals
do
20933
Blast furnaces steel mills
do
9969
Nonferrous and other primary metals
do
8408
Fabricated metal products
do
20535
Machinery except electrical
do
58444
Electrical machinery
do
70106
Transportation equipment
do
134 451
Aircraft,
missiles, and
parts
do
103 820
Nondurable goods industries with
unfilled orders $
do
10801
By market category:
Home goods and apparel * .
do
4783
Consumer staples *
do
719
Equip, and defense prod., excl.
auto *
do
196 921
Automotive equipment *
do
7544
Construction materials, supplies, and
intermediate products... .
do
12261
Other materials, supplies, and
intermediate products
do
108 696
Supplementary series:
Household durables
do
4256
Capital goods industries
do
236 818
Nondefense
do
124 064
Defense
do
112 754
BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col.):
Unadjusted
number
600 400
Seasonally adjusted
do .
INDUSTRIAL AND COMMERCIAL
FAILURES ®
Failures, total
number .
31,334
Commercial service
do ....
8,627
Construction
do
5247
Manufacturing and mining
... . do
4433
Retail trade
do ....
11,429
Wholesale trade
do
3598
Liabilities (current), total
thous. $..
(2)
Commercial service
do 3 038 790
Construction
do. . 1 548 554
Manufacturing and mining
do.... 6,371,932
Retail trade
do 2 329 134
Wholesale trade
do 2 784 450
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns ..
109.7
352 940
343*026
358 699
347 720
357 132
346 596
354 888
344 549
9914
10979
10536
10339
351 620 351 926
341 591 342 161
10029
9765
352 940
343 026
9914
360 261 363 459
350*061 353 223
10200
10236
363 772
353 645
361 728
351 638
10 127
10090
359 545 r360 602
349 353 r350 309
10192
360 010
349 633
10 293
10,377
361,356
r
355 640
359 571 360 800
356211
358 150
355 640
359 125
359 926
357 151
354 731
355,112 359,502
345 443
19100
8 660
348 734
20791
9223
350 340
20469
9041
350 336 346 035
20084
19634
8470
8 626
348 075
19324
8 504
345 443
19100
8660
348 924
19403
8963
349 671
19009
9058
347 096
18993
8970
344 874
19576
9291
345 127 r349 250 351,113
19,556 19,811 19,750
r
9095
9028
8995
7444
21651
61 328
78868
147 596
8287
20647
64082
79363
146 915
8108
20927
64 142
80386
147 464
8172
21 185
63 820
81273
147 164
7964
21332
62599
80*864
144 804
7708
21737
62492
80462
147 427
7444
21651
61 328
78868
147 596
7367
21754
59794
82023
148'618
6989
21529
63 245
81304
147 120
6963
21313
63659
81630
144 531
7 118
21222
62 547
81423
143 189
r
7,409
7528
7223
20,254
20840 r20,412
61 814 rr61 657 61 949
82078
81*569 82 100
144*428 148 393 150 123
119 920
116 347
117 549
117 987
116372
119 208
119 920
121 388
120 298
118 097
117 351
118 529 121 735
123 468
10197
10837
10460
10351
10176
10075
10197
10201
10255
10055
9857
9985
10 252
10,243
5313
5301
5201
5033
4548
5133
666
675
4456
653
735
4819
643
677
5154
4552
671
4562
216 241
7861
218 565
7531
219 516
7105
217 883
6703
221 462
6425
219 947
6287
222 007
6129
222 824
6446
222 686
6422
221 820
6256
4562
649
219 947
6287
659
360 687
649
649
r
4493
r
663
4504
537
222 714 r225
r
6365
6117
227 500
6072
695
658
12640
12126
12368
12291
12398
12437
12640
12774
12946
12600
12621
12 261
12155
111 555
117 371
116364
115931
113 517
112 629
111 555
112408
111 842
109 958
108 807
108 705 110 183
110 467
4 155
263 713
133 938
129 775
4750
259 968
136 749
123 219
4775
262 401
137 125
125 276
4700
263 644
137 148
126 496
4584
260*965
135 625
125 340
4 132
264 458
135 366
129 092
4 155
263 713
133 938
129 775
4730
266*777
132*322
134 455
4 633
4 347
267 953 266 911
135 486 134 921
132 467 131 990
4 103
265*054
133 285
131 769
r
3990
3982
266*028 r270 547
132 070 132 572
133 958 137 975
3947
273 067
132 271
140,796
634 991
52040
52,092
53326
51723
47 118
51835
55216
52587
49585
53,490
51844
53503
55769
53266
49789
54533
57493
55764
618
541
619
546
617
540
611
548
598
541
12425
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS t
Prices received, all farm products
1910-14=100..
Crops #
do
Commercial vegetables
do
Cotton
do
Feed grains and hay
do
Food grains
do
Fruit
do
Tobacco
do
Livestock and products #
do
Dairy products
do
Meat animals
do
Poultry and eggs
do
Prices paid:
Production items
do
All commodities and services, interest, taxes,
and wage rates (parity index)
1910-14=100..
Parity ratio §
do
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W) 0
1967-100
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U) 0
1967 — 100
Special group indexes:
All items less shelter
do....
All items less food ()
do
All items less medical care (>
do....
See footnotes at end of tables.
614
551
648
531
452
407
451
649
598
670
553
460
394
730
661
623
611
556
482
375
862
653
619
631
585
696
569
461
391
906
637
545
434
390
900
629
593
681
545
409
390
623
557
529
522
398
392
890
572
471
403
385
753
639
440
410
385
729
681
413
408
383
697
763
460
410
385
646
610
472
418
390
636
590
536
561
462
420
375
668
585
528
500
485
409
354
686
1 505
1 484
1 434
1 459
1 521
1 062
1 503
1 550
1 550
1 574
1 540
1 549
1 530
1 529
1 529
679
830
831
270
701
823
854
307
700
795
873
291
688
807
856
274
679
832
826
277
666
856
799
265
690
875
822
290
697
856
852
277
696
856
856
266
697
838
871
258
677
813
837
265
656
789
815
251
645
764
806
245
643
740
801
261
r
575
r
524
r
635
r
490
r
394
r
337
r
681
1 529
r
627
740
r
770
261
559
496
671
460
369
329
646
1 436
624
740
762
267
883
896
898
894
889
883
884
882
892
891
888
886
883
877
870
864
1,104
56
1,127
58
1,129
59
1,128
58
1,126
56
1,123
56
1,125
55
1,123
55
1,130
55
1,130
55
1,130
54
1,133
53
1,133
52
1,129
52
1,124
r
51
1,120
50
2974
3076
307 5
3103
3121
3122
311 9
3122
312 6
313 9
3153
3167
317 8
318 7
319 1
319 6
2984
311 1
3117
3130
3145
3153
3153
3155
3161
3174
3188
3201
3213
3223
3228
3235
283.5
2983
295.1
295.1
3113
307.3
295.6
3120
307.9
296.7
3132
309.2
298.1
3152
310.7
298.7
3161
311.4
298.6
3162
311.3
298.6
3162
311.5
298.9
3163
311.9
300.0
3174
313.1
301.5
3191
314.5
302.8
3208
315.8
303.4
3224
317.0
304.3
3236
317.9
304.4
3242
318.4
304.6
3250
318.9
3
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
,, .t
vnm
Annual
1983
September 1985
1985
1984
July
1984
Sept.
Aug.
Nov.
Oct.
Feb.
Jan.
Dec.
Aug.
July
June
May
Apr.
Mar.
COMMODITY PRICES—Continued
CONSUMER PRICES— Continued
(U.S. Department of Labor Indexes)— Continued
Not Seasonally Adjusted
All items (CPI-U)—Continued
Commodities Q
1967 — 100
Nondurables .
.
do
Nondurables less food
do....
Durables 0
do
Commodities less food Q
do....
Services Q
do
Food #
do
Food at home ..
do
Housing 0
do
Shelter #<>
do
Rent, residential
do
Homeowners' cost *
Dec 1982—100
Fuel and utilities #
1967 — 100
Fuel oil, coal, and bottled
gas
do
Gas (piped) and electricity
do....
Household furnishings and operation Q
do .
Apparel and upkeep
do
Transportation
do
Private
do
New cars
do
Used cars
do
Public
do
Medical care
.
do
Seasonally Adjusted t
All items, percent change from
previous month A . .
Commodities 0
1967—100
Commodities less food Q
do. .
Food
do
Food a t home . . .
do
Apparel and upkeep
do
Transportation
do
Private
do
New cars . . .
do
Services Q
do
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
1967 — 100
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 products, processed foods and
feeds
do
Farm products
do
Foods and feeds, processed
do...
Industrial commodities
do
Chemicals and allied products
do
Fuels and related prod., and
power
do
Furniture and household durables
do
Hides, skins, and leather products
do .
Lumber and wood products
do
Machinery and equipment
do...
Metals and metal products
do
Nonmetallic mineral products
do...
Pulp, paper, and allied products
do..
Rubber and plastics products ....
do
Textile products and apparel
do..
Transportation equip. #
Dec. 1968=100
Motor vehicles and equip
1967 — 100
Seasonally Adjusted t
Finished goods, 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.
Foods
do
Finished goods, exc foods
do
Durable
, do
Nondurable
do
Capital equipment
do
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
1967-$1.00
Consumer prices Q
do
See footnotes at end of tables.
2715
2790
266.3
2530
259.0
3449
2917
2822
3231
3448
2369
1025
3703
2807
2866
270.8
2665
267.0
3630
3029
2926
3365
3617
2493
1073
3873
2806
2860
269.5
2678
266.8
3645
3032
2925
3381
3627
2497
1076
3939
2814
287 1
270.0
2678
267.1
3665
3048
2944
3395
3646
251 1
1081
3955
2823
2880
272.3
2687
268.8
3689
3042
2934
3414
3665
252.4
1087
3970
283 1
2888
273.6
2693
269.8
3697
3044
2934
3412
367.8
253.8
1091
3924
2830
2885
273.3
270.0
269.9
3699
3041
2924
3409
3689
254.8
1094
3875
2828
2883
272.2
2698
269.2
3706
305 1
2932
3412
370.1
256.1
1098
3860
2827
2880
269.7
270.2
267.8
3721
3073
2961
3420
371.2
257.1
1100
387.2
2840
2892
270.2
271.4
268.6
3735
3095
298.6
343.6
373.3
258.4
110.7
386.5
2853
291.0
273.2
271.9
270.6
375.0
3097
298.4
344.7
374.3
259.2
1108
388.2
2868
292.7
276.5
272.6
272.8
376.2
309.6
297.7
345.9
375.9
260.4
111.3
388.7
2870
293.3
278.0
271.6
273.4
378.9
308.9
296.2
348.5
379.5
262.6
112.4
393.0
286.9
293.7
278.4
270.4
273.1
381.3
309.3
296.0
350.4
381.0
263.6
112.8
399.4
286.5
293.5
277.9
269.3
272.4
383.3
309.5
296.2
351.6
383.2
265.0
113.5
399.9
286.5
293.7
278.1
268.6
272.3
384.9
309.7
295.9
352.9
385.9
266.6
114.3
398.9
6280
428.7
6418
445.2
6374
459.1
6255
463.9
6221
466.4
6268
456.0
6269
444.7
6259
442.2
621 6
444.1
6234
443.3
620.8
445.5
623.5
445.9
620.8
454.7
612.0
465.6
601.9
467.1
594.6
465.1
238.5
1965
2984
2939
202.6
3297
3626
3573
242.5
2002
3117
3066
208.5
3757
3852
3795
241.9
1966
3129
3075
2081
3832
3893
3803
242.2
200 1
3129
3075
208.1
3838
3908
3819
244.1
2042
3137
308.4
208.2
3842
389.5
383.1
244.3
2057
3155
310.2
209.6
3846
391 1
385.5
244.2
2052
3161
310.8
211.4
3836
3918
387.5
244.2
2032
3158
310.4
212.0
3827
3928
388.5
244.2
1998
3147
309.1
213.1
3828
3945
391.1
246.2
2018
314.3
308.7
213.9
384.6
394.4
393.8
246.9
205.3
316.7
311.0
214.1
386.1
397.3
396.5
247.9
205.9
320.0
314.6
214.1
386.4
398.0
398.0
247.6
205.3
321.4
316.0
214.5
384.2
398.4
399.5
247.1
204.6
321.8
316.3
214.7
380.3
399.3
401.7
246.5
202.8
321.8
316.1
214.7
376.7
402.4
404.0
247.0
205.3
320.7
314.9
214.6
374.0
403.7
406.6
3
4
.4
.3
.2
3
.2
.3
.5
.4
.2
.2
.2
.2
2800
266.7
3026
2915
1989
3118
3065
2082
3643
280.7
266.9
3042
2934
200.5
311.8
3063
2091
3662
281.5
267.9
3044
293.3
201.5
312.8
3074
2102
3679
282.2
268.4
3054
294.4
203.0
313.9
3085
2108
3691
282.5
268.7
3059
294.7
202.7
314.5
3091
2106
3702
283.1
268.9
3072
295.8
202.4
315.0
3096
2109
3714
283.6
269.0
3077
296.6
202.4
315.8
3104
2116
3723
284.4
269.4
309.3
298.3
204.3
315.6
310.2
213.3
373.8
285.9
271.7
309.2
297.8
205.3
319.7
314.3
214.3
375.4
286.9
273.4
308.7
296.7
205.4
322.3
317.0
214.3
376.8
286.6
273.1
308.3
295.4
205.2
321.6
316.3
213.9
379.1
286.4
272.8
308.5
294.8
205.8
321.2
315.8
214.5
381.0
286.0
272.1
308.8
295.1
205.3
320.7
315.0
214.9
382.8
285.9
271.8
308.9
294.7
205.9
319.5
313.7
215.7
384.5
309.3
309.9
309.1
309.0
307.2
3031
3103
3119
3107
3093
3094
3103
3098
309.5
309.1
308.6
3236
3308
3341
3289
3262
3196
3232
3224
3189
318.1
312.3
r
311.0
310.0
305.5
303.7
295.5
r
319.3
293.1
291.2
r
299.9
319.9
294.2
292.6
299.8
319.3
293.9
292.0
300.7
318.6
294.8
293.2
300.8
317.8
293.5
291.5
300.9
297.1
318.4
304.2
'297.6
'310.8
297.5
319.2
305.0
298.2
312.0
297.9
317.4
304.8
298.8
310.9
297.7
317.3
304.6
298.6
310.7
297.7
314.1
303.7
298.5
308.9
3123
2852
284.6
287.2
3200
291 1
290.3
2940
3217
2923
291.6
2946
321 1
2913
290.4
2946
3203
2895
288.7
2925
3201
2915
290.3
2959
3204
2923
291.2
2965
3199
2920
290.9
2956
3195
292 1
290.6
2974
3187
2926
290.7
299.2
3186
292.1
290.1
299.3
2867
315.7
2957
287.3
304.4
2936
3233
3029
293.9
312.3
2938
3260
3043
294.2
314.8
2939
3237
3033
294.5
312.6
2927
322.3
3022
293.2
311.7
2944
3209
3032
295.1
311.6
2949
3221
3039
295.6
312.5
2948
3213
3035
295.5
311.7
2956
320.1
3037
296.2
311.4
296.4
319.0
3034
297.0
309.9
296.3
317.7
303.3
296.9
309.9
2539
2482
255.9
315.7
2930
2624
2558
265.0
322.6
3008
2649
258 7
267.3
323.9
3026
2614
253 3
264.8
323.3
301 1
2594
249 8
263.6
322.2
3009
2553
240 2
262.6
323.4
3013
2581
2457
263.8
323v8
3016
2586
2457
264.5
323.0
3007
2576
243 2
264.4
322.9
3016
258.0
2453
263.9
322.2
302.2
2546
2388
262.3
322.5
302.6
r
253.1
r
250.6
2304
260.6
325.3
303.2
249.1
229.4
258.8
324.7
303.4
250.0
229.2
260.3
324.3
303.7
244.4
218.0
257.9
323.6
303.7
6647
2140
271 1
307 1
286.4
3072
325.2
298.1
243.2
205.1
256.7
2568
6568
2187
2863
3074
293.1
3161
337.3
318.5
2468
210.0
262.6
261 5
6650
2192
2889
3044
294.0
3161
339.8
319.8
2475
210.5
262.5
2614
6579
2192
2887
3047
294.1
3162
340.8
321.3
2477
210.1
262.3
261 1
6523
2190
2887
3033
294.3
3156
340.5
322.0
248.3
210.7
257.8
2552
6544
2192
287.7
3003
294.8
3160
340.0
323.1
246.6
210.4
265.0
2638
6553
2200
2838
3010
295.3
3164
339.6
324.1
246.1
210.2
265.7
2643
6485
2201
283.6
3030
295.6
3155
340.1
324.1
245.9
210.0
265.0
2635
636.8
2203
283.7
3044
297.0
3150
341.7
327.1
246.7
210.3
266.8
2652
625.3
2208
283.7
3034
297.6
315.6
342.6
327.6
246.4
210.6
268.1
2667
625.3
221.1
282.4
303.1
297.8
315.4
343.9
327.7
246.5
210.5
267.7
2662
r
633.9
r
221.7
r
284.7
r
301.5
r
298.1
r
648.3
221.4
283.6
307.0
298.8
316.3
347.1
327.2
246.6
210.7
268.4
2665
639.6
221.5
285.2
313.8
299.1
315.1
348.5
327.0
246.1
210.2
269.4
267.7
634.5
221.7
284.5
310.5
299.1
314.6
348.7
327.2
246.3
210.2
270.0
267.6
628.2
221.8
286.0
305.8
299.4
314.9
349.7
326.5
244.6
210.3
270.1
267.7
o
o
328.5
320.7
292.0
291.2
2756
2942
237.5
3370
2950
321.7
320.4
2919
290.6
2743
2940
238.8
3356
2963
316.0
319.0
292.1
290.3
2746
293.4
239.9
3334
298.6
311.0
318.5
292.4
290.5
2735
2942
240.9
3341
2995
342
317
342
316
.342
.342
331.3
320.9
291.8
291.0
2745
35
33
343
32
294
237
337
294
327.4
320.3
2912
290.1
2738
2935
237.2
3359
2953
34
32
343
319
327.6
320.0
291.2
289.9
2734
293.4
238.2
3349
2958
34
31
324.5
320.4
291.0
289.9
2730
2935
236.6
3365
2951
343
317
329.1
320.9
292.0
290.9
2745
294.3
237.6
3372
2959
34
31
r
2368
'260.9
323.8
r
303.3
316.8
'345.5
r
327.6
r
246.6
'210.7
'268.2
'2662
-.3
315
314
'307.4
319.
293.6
291.
'2710
'297
'240.
'340
'299
34
31
305.1
320.0
294.2
292.
268
300.
241.
344
299.
.34
31
303.3
318.8
293.5
291.4
2677
298.
242.
3406
300.
301.6
317.8
294.4
292.
271.
298.
242.
340.
300.
.34
31
.33
31
294.4
317.3
293.5
291.3
2!69.2
297.5
242.0
339.2
301.6
.341
309
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-7
SURVEY OF CURRENT BUSINESS
September 1985
1985
1984
Annual
IT M
1983
1984
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
23 107
19 549
10*195
7749
22273
18 961
9*605
7307
24493
20728
10865
8381
26820
22491
11 725
8828
May
June
July
r
32099
25495
14 232
10697
Aug.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE 0
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 (excl. 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 (excl 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.)
1977 = 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 .
Privately owned. .
do
One-family structures
do....
Seasonally adjusted at annual rates: t
Total privately owned
do.. .
One-family structures
do
New private housing units authorized by building
permits (17,000 permit-issuing places): $
Monthly data are seas. adj. at annual rates:
Total
thous
One-family structures
do
Manufacturers' shipments of mobile homes @
Unadjusted
thous
Seasonally adjusted at annual
rates
do
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
1977 — 100..
American Appraisal Co., The:
Average, 30 cities
1913-100..
Atlanta
do
New York
do....
San Francisco
do ....
St. Louis
do.
Boeckh indexes:
Average, 20 cities:
Apartments,
hotels,
office
buildings
1977-100
Commercial and factory buildings
do....
Residences
do
Engineering News-Record:
Building
.
1967 — 100
Construction
do
Federal Highway Adm.— Highway construction:
Composite (avg. for year or qtr.)
1977 — 100 .
See footnotes at end of tables.
r
268 732 312988
218 017 257 801
121 308 145 059
95682 114 620
29032
23 594
13900
10966
30099
24 231
13997
11058
29 798
23862
13715
10833
60,309
12861
35793
74,147
13745
48107
6,359
1 157
4 178
6,684
1257
4381
6,887
1305
4523
7,096
1 322
4*696
6,950
1 255
4653
6,605
1 201
4399
6,351
1 111
4*317
6,265
1 131
4*246
6,529
1 145
4506
7,328
1352
4957
7,523
1368
5*084
6,471
50715
17,276
1700
1809
2544
14,142
7,174
55187
17,883
1 636
1828
2839
16294
631
5438
1,594
131
154
211
1,974
706
5868
1,687
156
167
249
2,101
626
5936
1683
157
192
346
1 972
712
5 529
1574
138
138
216
1964
662
4 928
1 556
145
145
292
1540
601
3 919
1433
144
151
233
919
511
3 558
1428
141
164
221
728
521
3 312
1,313
122
149
201
686
605
3 765
1,394
117
161
274
809
618
4 330
1,565
125
157
247
1,192
651
5238
1,633
118
182
262
1860
3191
2635
1503
1179
3212
2654
1498
1170
3210
2643
1494
1163
3182
2620
1440
1159
3131
2575
1379
1135
3101
2545
1343
1119
3410
2837
1553
1130
3343
2765
1460
1103
3337
2746
1462
1108
3431
2834
1489
1125
733
135
476
749
140
491
775
147
508
783
14 3
521
790
14 6
525
81 1
14 4
545
856
152
58 5
868
158
589
852
14 6
59 4
912
17 3
612
896
164
602
74
556
180
16
18
24
166
76
559
181
17
20
29
166
74
56 6
18 0
17
18
36
165
75
562
180
16
18
29
162
74
556
180
17
19
31
169
76
55 5
180
17
20
30
169
74
57 4
18 8
18
20
30
178
75
57 8
188
17
20
30
184
76
59 1
188
14
20
31
192
76
59 6
19 6
16
19
30
199
193 603 209 861
'137
'149
45338 49 116
148 264 160 744
19 224
150
r
4 674
14 550
19 367
148
r
4421
14 946
16755
146
4 122
12633
18388
145
4618
13*771
16 930
151
3895
13035
13950
150
3488
10463
14810
*150
3755
11*055
13 343
145
3 453
9890
19 025
162
4380
14645
62284
93567
37752
73226
100 763
35873
r
6911
r
8*845
r
r
6788
r
9162
r
3416
5750
8090
2914
7 402
8*340
2*646
6401
7614
2915
5 583
5774
2594
5528
6354
2*928
4774
5881
2689
162,576
193,603
13,515
15,079
12739
16,168
26851
21670
17612
1,712 5
17030
1,067.6
17558
17495
1,084.2
1631
1621
97.9
1478
147 4
91.9
1496
148 5
90.5
1527
152 3
91.9
1265
126 2
80.0
990
98 9
62.8
1730
1590
962
1 669
1 009
1 564
*979
1600
1 043
3
3468
29 270
23741
13006
10 559
27 493
22 565
11 976
9 933
24243
20323
10 167
8427
29 601
24 362
13
152
r
9552
r
31 845
25 831
14*688
10*202
r
'7,428
1 314
5026
7,544
1351
5113
r
654
6013
1,868
129
194
r
250
r
2224
6603
2,025
122
153
264
2,339
r
r
r
r
3495
2834
1532
1143
3474
284 1
151 1
1122
r
3454
2806
1507
1124
r
860
15
2
r
58 1
868
15 5
584
75
63 3
19 8
15
21
31
r
222
77
64 8
21 3
15
21
r
33
* r 210
66 1
22 1
15
18
31
196
19917
161
4881
15036
21 832
162
5536
16296
18718
142
4693
14024
21923
'164
5 134
16*789
20687
163
5000
15687
6443
9374
3208
6 676
9443
3797
7 351
10331
4 150
6070
8819
3828
7577
10608
3738
7236
9625
3826
16730
15081
14,013
16011
12,870
13,229
1054
1054
59.3
958
954
63.4
1452
1450
92.6
1760
1758
108.7
170 5
1702
107.5
1634
163 2
101.7
1595
159 2
105.5
1630
1 112
1849
1 060
1647
1 135
1889
1 168
1933
1 155
1681
1 039
r
r
r
1701 1647
1 031 1 062
13605
902
1 682
'922
1 591
864
1 542
853
1 517
866
1 477
827
1 616
846
1 599
843
1 635
903
1 624
927
1 741
993
1 704
948
1 778
933
1 712
*961
1 694
^967
2957
2952
24 5
300
24 3
27 7
21 8
166
18 6
197
240
26 2
280
25 1
24 3
301
302
282
302
291
282
273
276
283
287
287
270
286
1650
1645
1650
1654
1659
1662
1662
1662
1668
1670
1681
1675
157.3
1637
1648
1596
1599
1562
1668
1662
1651
1678
1673
1664
3529
3786
3579
3$€2
3579
3879
146.5
155.0
1683
1676
167 8
168 1
1675
1675
3593
3881
3597
3887
1544
3587
3874
358 3
3871
1687
1679
1686
168 5
1678
1683
357 9
3883
1660
3583
3884
359 0
3888
3594
3892
1681
360 1
391 1
1749
1073
1 754
979
169 6
1693
1704
168 9
1683
1692
3592
3891
161 4
100.8
3609
391 1
1739
363 6
3928
2
362
2
2
391 9
S-8
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,, ..s
September 1985
1985
1984
Annual
u
1984
1983
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE 0
Mortgage applications for new home construction:
FHA applications
thous. units.. 2 176.1
Seasonally adjusted annual rates
do....
(2)
Requests for VA appraisals
do....
262.8
Seasonally adjusted annual rates
do
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
mil $ 26,571 82
Vet. Adm.: Face amount §
do ... 17,896.60
Federal Home Loan Banks, outstanding advances
to member institutions, end of
period
mil $
58953
New mortgage loans of all savings and loan
associations estimated total
mil $
135 290
By purpose of loan:
Home construction
do
26096
Home purchase .
do
53982
All other purposes
do.... 55,212
9.2
137
13.3
213
11.1
145
17.1
222
7.4
92
13.8
188
9.7
115
16.7
185
9.8
134
14.5
193
14 524 93 1 116 60 1 220 14 99756
12,728.42 1,131.31 99760 775.49
82438
861.28
59522
667.57
837.22 1,497.47
723.44
846.71
115.6
198.7
8.0
94
12.6
143
7.8
84
15.2
164
11.5
156
16.4
207
15.8
169
17.9
189
12.9
146
20.9
227
801.85 1,957.07
753.79 1,910.57 2,406.29 1,432.77 2,572.88
866.69 826.25 943.72 867.87 961.45 1,104.49 1,275.00
74,489
74691
76,277
77,787
79,629
9351
9350
12415
13455
14663
14,913
1468
r
5,007
'2,876
r
4,992
r
r
6,930
r
3,451
2,142
8,135
'3,178
r
9,016
r
74621
66900
70523
73005
73201
73509
74621
73361
157 021
14706
14363
11428
11 214
11 035
12806
25542
r4
90 466
"41,014
2132
r
9185
r
3,389
2339
r
8669
'3,356
1892
r
6425
'3,110
1833
r
6543
'2,838
1619
r
6112
r
3,304
1825
r
6,445
r
4,536
17.1
186
21.4
236
17.6
201
18.2
198
16.6
207
18.6
223
15.2
162
19.6
214
1539
2,819
2,034
r
2,304
3,342
81,607
14,665
r
2,154
'8,769
'3,991
84,218
4
4
2,211
9,081
3,373
DOMESTIC TRADE
ADVERTISING
Magazine advertising (Leading National
Advertisers):
Cost total
Automotive incl accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
....
Beer wine liquors
Houshold equip., supplies, furnishings
mil $
do
do
do
40057
46680
3
2400
206 2
3
4104
473 5
3535
687
3
385 7
4636
do
do
3
do
3
3
292 3
230 2
3349
242 1
171 1
1916
3
48 0
42 5
3
Soaps cleansers etc
do
34 6
25
1
3
Smoking materials
do
403
4
4226
3
All other. .
do
17847 21485
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total *
mil $
20582 23523
Classified
do
6006
7657
National
do
2734
3081
Retail
.
do
11841
12784
WHOLESALE TRADE t
Merchant wholesalers sales (unadj.),
total
mil $ 1 205 3701 368 851
Durable goods establishments
do
516 964 613 382
Nondurable goods establishments
do
688 406 755 469
Merchant wholesalers inventories, book value,
end of period (unadj ) total
mil $
121 582 133 281
Durable goods establishments
do
77099 86090
44 483 47 191
Nondurable goods establishments
do
RETAIL TRADE %
All retail stores:
Estimated sales (unadj ), total
mil $ 1 174 298 1 297 015
Durable goods stores #
do.... 396,493 464,287
Building materials, hardware, garden
supply, and mobile home dealers mil. $.. 59,669 68,703
Automotive dealers
do
232,750 277 008
Furniture, home furnishings,
and equipment
do
54689 63581
777,805 832 728
Nondurable goods stores
do
General merch. group stores
do.... 139,386 153,642
Food stores
do
254 878 269 959
Gasoline service stations
do.... 98,862 100,997
60,304 66,891
Apparel and accessory stores
do....
Eating and drinking places
do.... 114,684 124,109
Drug and proprietary stores
do...,
40,050 44,165
19,014
Liquor stores . . . . .
do
19494
Estimated sales (seas, adj.), total
do...
Durable goods stores 4£
do
Bldg. materials, hardware, garden supply, and mobile home dealers #
mil. $.
Building materials and
supply stores
do
Hardware stores
do
Automotive dealers
do
Motor vehicle and miscellaneous
auto dealers
do...
Auto and home supply
stores
do..
Furniture, home furnishings,
and equipment #
do
Furniture, home furnishings stores
do
Household appliance, radio, and
TV stores
do
See footnotes at end of tables.
3338
79
37 0
62
330
303 1
247
23 9
30
369
4045
356
214
83
458
5047
248
433
65
460
5037
222
560
57
396
4378
198
470
26
377
2837
79
380
27
244
374.2
202
423
42
356
416.9
281
556
5.2
43.1
468.1
247
593
57
521
436.7
175
506
115
54.6
274
17 4
203
126
26.8
148
38.7
223
40.7
281
31.3
488
18.4
85
33.2
14 1
32.7
191
35.7
222
29.8
192
119
30
25
383
1490
95
27
26
332
1329
148
49
44
330
1937
248
56
40
425
2463
228
51
39
381
241.0
175
46
25
379
1982
74
24
29
31 4
139.7
105
21
45
27.0
180.8
138
35
49
271
184.1
20.8
42
43
29.1
209.8
23.4
45
42
26.8
196.0
1841
681
214
946
1903
665
226
1012
2004
697
260
1046
2148
692
312
1 145
2,242
636
322
1284
2110
552
246
1312
1808
620
276
911
1,773
622
230
921
2,174
766
261
1147
2,046
735
260
1,051
2,197
735
284
1,177
116315 111 747
52226 48901
64 089 62846
111 786
49217
62569
103 995
45888
58107
134 228 134 981 134 881 133 012 '134,069 133,607
86713 87 171 87,713 87,140 '87,968 87,738
47 515 47810 47 168 45872 '46 101 45,869
112 486 117 273 109 640 120 843
51 041 54 256 50591 56'078
61 445 63017 59049 64*765
116 563 117 984
52940 53508
63623 64476
127 188
84076
43 112
129 996 132 155
85731 85378
44*265 46777
134 248
85610
48 638
133 281
86*090
47 191
132 916
85*213
47 703
106 875 111 159
39,546 40,119
104 025 109 550
36,668 39,962
113 543 132 262
39,313 42,373
98817
35,375
95585 110 167
35,195 41,180
126 323
83079
43 244
6,160
23757
5,744
22378
5,311
20895
4,452
21790
4,162
22,329
5000
5303
5548
5381
67329 71040 67,357 69,588
10,991
11,902
12,636
12,525
22952 23480 22223 22450
8,786
8,331
8,568
8,771
4,854
5,394
5,514
5,605
10,537
11,058
11,502
10,425
3,468
3,642
3,501
3,640
1561
1689
1695
1,588
107,563 107,396 108,373 108,974
38465 38071 38301 39281
6006
74,230
16,109
22760
8,339
6,413
10,088
3,763
1,646
110,255
39,934
7534
89,889
24,381
24425
8,249
9,519
10,557
5,107
2,306
110,519
40295
5132
63,442
9,134
22279
7,990
4,449
9,495
3,703
1,471
110,972
40622
4875
60,390
9,315
20799
7,202
4,260
9,268
3,584
1,342
112,096
41,073
6,381
24075
6,420
23902
6,026
21097
5,234
26,334
113,107
43,450
6,372
27,495
2,159
761
288
1,110
124 467 '111,524 114,383
56119 '51 538 51899
68348 '59,986 62,484
120,337 '114,962 '114,980 '120,140
1
45,370
46,771 '44,236 '44,514
7,014
29,481
'6,740
'27,447
'6,847
'27,754
1
'6,683
28,447
1
5,833
'5,562
'5,619
5,649
5,271
5,429
1
69,657 73,566 '70,726 '70,466 74,770
68,987
12,398 13,309 '12,412 '11,536 '1 13,524
11,876
23,090 22,683 24,307 '23,542 '23,908 24,507
'8,947
'9,175 1 9,267
8,966
8,512
8,103
'6,216
'5,465
'5,210
5,883
5,780
5,548
10,781 11,498 '11,462 '11,574 '11,805
10,749
'3,782
'3,815 '3,937
3,914
3,790
3,811
1,672
'1,582
1,500
1,578
1,487
111,854 115,351 114,884 '113,730 '113,912 '116,102
40,765 42,932 42,789 '42,064 '42,218 '43,906
5,763
5741
5,738
5,674
5,889
5,969
5,774
5,618
5,862
6,263
5,953
'5,852
'6,051
'6,053
4 135
802
23039
4 120
820
22503
4156
815
22507
4123
788
23380
4299
798
23692
4403
791
23 858
4180
836
24621
4094
807
24949
4343
818
24492
4607
861
26226
4411
818
26,130
'4,283
817
'25,820
4,385
834
'25,797
' 27,618
20,991
20479
20,489
21,352
21,730
21,846
22,598
22,945
22,417
24,076
24,011
'23,744
'23,716
'25,570
2048
2024
2,018
2,028
1,962
2012
2,023
2,004
2,075
2,150
2,119
'2,076
2,081
5154
5279
5485
5513
5600
5629
5547
5708
5674
5,614
5,931
'5,718
'5,682
2894
2938
2992
3001
3021
3011
2891
3049
3011
2956
3,135
'3,038
3,091
1889
1986
2134
2141
2200
2243
2254
2251
2242
2247
2365
'2260
2163
' 5,663
S-9
SURVEY OF CURRENT BUSINESS
September 1985
methodological notes are as shown in
unm
1983
BUSINESS STATISTICS: 1982
1985
1984
Annual
Unless otherwise stated in footnotes
1984
July
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
DOMESTIC TRADE—Continued
RETAIL TRADE *— Continued
All retail stores—Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores
mil $.
General merch group stores
do
Department stores
do
Variety stores
do
Food stores
do ....
Grocery stores
.
do
Gasoline service stations
do
Apparel and accessory stores #
do .. .
Men's and boys' clothing and
furnishings stores
do
Women's clothing, specialty stores,
and furriers
do
Shoe stores
. .
do
Eating and drinking places ....
do
Drug and proprietary stores
do . .
Liquor stores
.
do
Estimated inventories, end of period:
A-ti
f
J
1
Furniture, home furn.,
and equip
Nondurable goods stores •$
General merch group stores
Department stores
Food stores
Apparel and accessory
stores
Firms with 11 or more stores:
Estimated sales (unadjusted),
total
Durable goods stores
Auto and home supply
stores
General merchandise group
stores
Food stores
Grocery stores
.
Apparel and accessory stores
Eating places
Drug stores and proprietary
stores
Estimated sales(sea adj ) total #
Auto and home supply stores
Department stores
Variety stores
Grocery stores
Apparel and accessory stores
Women's clothing, specialty stores,
and furriers
Shoe stores
Drug stores and proprietary
stores
70,224
13,197
11,125
755
22,607
21,186
8,299
5,772
70,350
12,893
10,781
737
23,076
21,720
8,349
5,490
71,023
13,419
11,266
772
23,067
21,680
8,110
5,791
71,089
13,303
11,117
763
22,980
21,514
8,441
5,963
72,419
13,514
11,349
760
23,476
22,018
8,784
5,949
72,095
13,269
11,127
754
23,284
21,820
8,747
5,945
684
693
741
716
696
699
711
729
706
70,072
12994
10,953
762
22,836
21411
675
670
2315
857
10364
3,654
1666
2259
858
10591
3,684
1654
o ooq
2345
874
10474
3,753
1631
2322
846
10,312
3,759
1644
148 258 152 256 160 142
68375 69*381 72476
2,400
872
10,621
3,831
1,619
2,274
855
10,515
3,853
1,636
163 052 150 882
74311 73*753
150 987
75 190
2395
867
10,530
3,805
1628
2,423
884
10,616
3,904
1,575
2,465
934
10,771
3,863
1,601
2,438
952
10,971
3,871
1,596
2,464
948
10,813
3,893
1,625
r
71,666
13,063
10,962
r
741
r
23,355
r
21,966
r
8,628
r
5,915
r
12 162
32955
11 945
34631
11 769
35975
12 111
37231
12387
38875
12862
39,008
12983
39*015
13
093
r
38,564
12828
38,674
do
10846
69079
12158
77 129
11 658
77 603
11836
79 883
11964
82875
12390
87 666
12702
88741
12158
77 129
12061
75797
12104
78347
12495
80036
12744
80806
12 842
rgo 238
12,939
79277
do
do
do
23629
18398
14591
28,164
22243
15710
29,280
22968
14735
30781
24114
14734
32,665
25638
14896
35,231
27573
15569
35,489
27993
16089
28,164
22243
15710
27,238
21489
15492
28,763
22758
15526
29,979
23733
15673
30,502
24157
15790
r
29,369
22,961
15,831
14233
14601 14968 15604 15579
148 817 149 508 150 334 152 130 153 070
70012 70201 70801 71896 72839
13144
155 517
74582
30,092
23752
15,765
12883
13641 13989 14039 13 853 13,666
158,310
157 770 159 163 158,732 160 184 158,867
r
76393 76838 77,401 78,312 77,001 77,311
J
11 464
31 322
12234
35796
12 113
32282
12 139
32410
12214
32*871
12322
33662
12 189
34666
12234
35796
12 537
37046
12387
37 816
12548
37982
12 544
38591
12
626
r
37 224
12540
37658
do
do
do
do
do
11000
72278
26 198
20307
14404
12331
80935
31 253
24578
15508
11776
78805
29656
23416
15020
11777
79307
30 173
23*805
15096
11 810
79 533
30492
24051
15046
11948
80 234
30738
24102
15189
12167
80231
30*677
24008
15*352
12331
80935
31253
24*578
15508
12434
81 377
31 120
24587
15664
12364
82325
31379
24845
15699
12608
81331
30815
24342
15673
12,912
81872
30802
24254
15838
12,933
r
81 866
r
30 608
24065
15,892
12,900
80999
30082
23,550
15,862
do.
13103
13880
14479
14231
14028
14,096
14,086
13,880
14,087
14,435
14,159
14,253
14,311
14,206
mil $
do
415 549 450 430
32795 37 697
35 131
3 119
37 795
3 154
35971
3 024
37 335
3 124
42 155
3 558
54890
4876
32650
2506
31534
2408
37240
2945
37434
3 170
r
40 027
r
3538
38,029
3379
do
4416
4687
382 754 412 733
410
32 012
416
34 641
386
32947
423
34 211
420
38 597
408
50014
342
30 144
309
29 126
382
34 295
410
34 264
431
r
36 489
416
34650
128 959 142,334
141 314 148 957
139 385 146 983
22237 25354
24354
26999
10117
12341
12192
1 776
2368
11603
12782
12631
2 168
2 449
11010
12134
11987
2Q68
2269
11656
12298
12144
2067
2285
15014
12694
12529
2510
2 225
22,725
13834
13554
3 890
2321
8,605
8,395
12585 11637
12437
11473
1 548 1547
2006
2090
11,003
13010
12,843
2157
2398
11,432
12592
12,423
2239
2307
12,316
13,574
13,418
r
2239
r
2459
11,518
12,972
12,817
2129
2,449
1916
37 135
388
10129
615
12315
2077
1993
37 361
*389
10235
617
12251
2035
1912
37 945
395
10486
645
12383
2 147
1970
37 758
395
10346
620
12417
2103
2117
38358
399
10592
667
12430
2 185
3135
38462
395
10638
639
12378
2213
1993
38313
400
10321
630
12704
2172
1938
38902
398
10788
653
12,635
2259
2,066
38824
408
10636
649
12,616
2264
2,042
39361
397
10,863
652
12,927
2311
2,150
39 200
408
10,632
649
12,865
r
2285
2,055
38,999
397
10,519
625
12,920
2,308
902
422
877
419
944
425
920
425
957
433
952
436
957
428
986
440
984
427
1,007
'986
449
1,025
445
2,006
2,046
2,090
2,092
2,133
2,121
24387
do
do
do....
2,100
2,132
2,138
10,791
4,005
1
728 157 505
155 513 158 379 159 628 r!58
77 166 78*343 78822 r78 490 78228
12055
30*997
21 582
21,711
' 8,701
' 5,886
1
12 115
30563
do
do
do
do
do
do .
do
1
23,128
1
665
12 101
32153
do.
do
do
do
do
72,196
13,503
11,448
1
2,495
899
10,857
r
3,941
1,626
11 769
35975
12435 13144
139 123 155 517
66845 74582
1
688
11 040
31510
do
do
do
sup-
r
71,694
13,117
11,082
721
'23,312
r
21,945
'8,559
r
5,827
2,464
r
921
10,895
r
3,907
1,592
r
147 162
69 559
do
General merch. group
stores
Department stores
Food stores
Apparel and accessory
stores
Book value (seas adj ) total
Durable goods stores $
.
Bldg. materials, hardware, garden
70,321
13 168
11,084
795
22,843
21364
8,372
5,737
69,325
12711
10,700
732
22,585
21 174
8,220
5,448
135 194 150 882
66 115 73*753
Durable goods stores #
do
Bldg. materials, hardware, garden supAutomotive dealers
Furniture, home furnishings,
and equipment
5,611
69,693
12853
10,830
744
22,802
21366
8,375
5,551
69,098
12557
10,592
736
22,662
21269
8234
5519
2,127
2,168
2,148
r
464
LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
Not Seasonally Adjusted
Noninstitutional population, persons 16
years of age and over *
thous ..
Labor force ®
do...
Resident Armed Forces *
.do
Civilian noninstitutional population *
do....
Civilian labor force total
do
Employed . . .
do
Unemployed
do
Seasonally Adjusted 0
Civilian labor force, total
do....
Participation rate t
percentEmployed, total
. . .
thous
Employment-population ratio t percentAgriculture
thous ..
Nonagriculture
do
Unemployed total
do
Long term, 15 weeks and
over
do....
See footnotes at end of tables.
175,891
113,226
1676
174,215
111 550
100 834
10,717
178,080
115,241
1,697
176,383
113 544
105,005
8,539
64.0
64.4
57.9
3,383
97450
59.5
3,321
101 685
4,210
2,737
178,295
116,788
1712
176,583
115 076
106 694
8,382
178,483
115,563
1720
176,763
113 843
105,792
8,051
178,661
115,955
1705
176,956
114250
106,262
7,989
178,834
115,814
1699
177,135
114115
106 246
7,869
179,004
115,726
1698
177,306
114,028
106,049
7,978
179,081
115,172
1697
177,384
113 475
104,344
9,131
179,219
115,295
1,703
177,516
113,592
104,690
8,902
179,368
116,095
1,701
177,667
114,394
105,768
8,625
179,501
116,027
1,702
177,799
114,325
106,175
8,150
179,649
116,595
1,705
177,944
114,890
106,880
8,011
179,798
118,274
1,702
178,096
116,572
107,819
8,753
179,967
119,240
1,704
178,263
117,536
108,854
8,682
180,131
118,405
1,726
178,405
116,679
108,628
8,051
113,868 113,629
64.3
64.5
105,377 105,148
59.5
59.7
3,264
3,333
102 044 101 884
8491
8481
113,764
64.4
105,394
59.6
3,319
102,075
8,370
114,016
64.4
105,649
59.7
3,169
102,480
8,367
114,074
64.4
105,932
59.8
3,334
102 598
8,142
114,464
64.6
106,273
59.9
3,385
102,888
8,191
114,875 115,084
64.8
64.8
106,391 106,685
60.1
60.0
3,340
3,320
103,071 103 345
8,399
8,484
115,514
65.0
107,119
60.3
3,362
103,757
8,396
115,371
64.9
106,945
60.1
3,428
103,517
8,426
115,373
64.8
106,960
60.1
3,312
103,648
8,413
114,783
64.5
106,370
59.7
3,138
103,232
8,413
115,314
64.7
106,862
59.9
3,126
103,737
8,451
115,299
64.6
107,172
60.1
3,092
104,080
8,127
2,605
2,527
2,428
2,374
2,416
2,400
2,377
2,247
2,348
2,264
178,138
117,896
1698
176,440
116 198
107 484
8,714
2,672
2,621
2,243
2,317
S-10
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,, .,
units
1984
1983
September 1985
1985
1984
Annual
Aug.
July
Nov.
Oct.
Sept.
Dec.
Feb.
Jan.
Apr.
Mar.
May
Aug.
July
June
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted 0
Civilian labor force—Continued
Unemployed—Continued
Rates(unemployed in each group as percent
of civilian labor force in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White
Black *
Hispanic origin *
Married men, spouse present
Married women, spouse present
Women who maintain families
Industry of last job:
Private nonagricultural wage and
salary workers
Construction
Manufacturing
Durable goods
...
Agricultural wage and salary
workers *
Not Seasonally Adjusted
Occupation: *
Managerial and professional specialty
Technical, sales, and administrative
support
Service occupations .
Precision production, craft, and repair....
Operators, fabricators, and laborers
Farming, forestry, and fishing
EMPLOYMENT t
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seas, 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
Manufacturing
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
do ....
Electric and electronic
equip
do
Transportation equipment
do....
Instruments and related
products
do
Miscellaneous manufacturing
do . . . .
Nondurable goods
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....
Service-producing
do
Transportation and public utilities
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate
do
Services
do
Government
do
Federal
do
State *
do
Local *
do
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous.
Manufacturing
do
Seasonally Adjusted t
Production or nonsupervisory workers on private
nonagricultural payrolls
thous
Goods-producing
do
Mining
do...
Construction
do
Manufacturing
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
do...
Electric and electronic
equip
do
Transportation equipment
do..
Instruments and related
products
do
Miscellaneous manufacturing
do
See footnotes at end of tables.
96
8.9
81
224
84
195
137
65
70
122
75
6.6
68
189
65
159
106
46
57
103
75
6.5
68
184
63
166
105
45
58
98
75
6.4
70
184
64
158
106
45
58
103
74
6.4
66
190
63
151
106
46
57
10 1
73
6.2
69
187
63
15.3
110
45
57
104
71
6.2
65
178
61
151
103
44
54
108
72
6.3
64
188
62
150
104
44
54
96
74
6.3
68
189
64
149
106
46
57
100
73
6.3
67
184
62
163
97
44
54
110
73
6.2
67
182
62
152
102
42
59
10.2
73
6.3
68
177
63
15.3
103
43
59
10.8
73
6.1
69
189
6.2
15.6
107
40
58
10.9
73
6.5
6.7
18.3
6.5
14.0
106
46
5.9
9.8
73
6.3
6.6
19.5
6.4
15.0
112
4.4
5.7
10.2
7.0
6.0
6.7
17.3
6.2
14.0
10.3
4.1
5.4
11.1
99
184
112
121
74
143
75
72
74
146
75
69
7.4
14 1
74
69
73
139
74
69
7.2
137
73
6.9
7.2
142
72
7.0
72
137
72
71
73
134
76
72
7.3
134
75
71
7.2
133
77
74
7.3
133
80
7.8
7.2
102
7.8
7.8
7.4
137
7.7
8.0
7.3
13.4
8.0
8.0
7.1
13.1
7.8
7.9
160
135
143
13 1
147
137
112
122
155
136
122
131
11.5
12.1
14.3
14.3
3.3
2.6
3.0
3.1
2.8
2.5
2.4
2.2
2.6
2.3
2.3
2.3
2.3
2.7
2.7
2.9
5.0
8.9
6.5
10.3
6.0
5.0
9.1
6.8
10.7
6.6
4.9
8.5
6.4
11.0
6.3
4.8
8.2
6.2
10.4
6.2
63
109
10.7
15.5
10.0
50
91
7.5
11.5
8.5
48
92
6.7
10.8
6.0
50
93
6.0
10.5
5.8
50
89
6.2
10.2
7.4
48
91
5.9
10.6
7.9
46
88
6.6
10.7
8.4
46
85
6.6
11.7
11.8
53
90
9.2
13.4
13.4
51
89
8.9
13.1
12.8
49
8.8
8.4
12.5
10.7
46
8.6
7.8
11.5
8.2
90,196
74330
94,461
78477
94,510
79287
94,808
79691
95,745
79967
96,278
80045
96,645
80257
96,719
80421
95,034
78942
95,271
78898
96,045
79577
96,909
80,434
97,787
81,247
'98,377
r
82,047
r
97,663
r
90196
74,330
55,853
23334
952
3948
18434
10,732
657
448
570
832
1,370
2,033
94461
78,477
58,775
24730
974
4345
19412
11522
707
487
595
858
1,464
2197
94615
78,655
59,146
24842
979
4354
19509
11,589
708
489
597
865
1,475
2220
94893
78,885
59,346
24889
984
4366
19539
11638
707
489
595
863
1,478
2232
95238
79,154
59,674
24851
985
4386
19480
11,611
705
486
596
852
1,476
2225
95573
79,460
59,924
24918
979
4403
19536
11652
708
491
597
851
1,483
2233
95882
79,764
60,211
24955
978
4424
19553
11,666
709
495
598
848
1,486
2232
96092
80,010
60,407
25045
973
4469
19603
11701
711
497
601
844
1,489
2232
96419
80,319
60,715
25112
'974
4534
19604
11,702
709
499
602
844
1,486
2228
96591
80,480
60,919
25062
976
4525
19561
11,675
704
498
600
840
1,483
2224
96910
80,767
61,241
25056
977
4,553
19,526
11,651
701
499
601
832
1,480
2220
97 120
80,962
61,495
25090
982
4,641
19,467
11,608
694
497
600
823
1,479
2,207
97421
81,208
61,782
25066
982
4,658
19,426
11,586
697
493
599
819
1,477
2,203
r
97,473
r
81,260
r
61,862
r
r
97,722
r
81,373
r
62,018
r
2013
1,747
2208
1,906
2224
1,911
2237
1,934
2241
1,927
2247
1,935
2250
1,940
2253
1,965
2252
1,974
2248
1^972
2243
1,969
2223
1,982
2216
1,981
r
24,978
970
r
4,653
19,355
11,514
r
695
r
494
'599
r
805
1,465
r
2,177
r
"98,010
"81,672
"62,280
"25,031
"961
"4,678
"19,392
"11,556
"699
"496
"598
"797
"1,460
"2,183
2,194
1,988
"2,196
"2,025
r
725
r
r
r
372
7,841
1,632
65
r
696
"725
"377
"7,836
"1,634
"64
"695
1,142
684
1,419
1,042
180
1,159
683
1,424
1,041
178
"1,141
"683
"1,429
'"1,040
"179
^87
176
72,744
r
5,306
r
5,776
17,464
"795
"176
"72,979
*'5,290
*'5,804
"17,511
2205
1,990
r
725
376
7,838
1,644
66
699
722
386
7887
1,620
65
726
723
386
7902
1,630
66
722
723
385
7902
1,633
67
720
725
381
7886
1,633
66
712
727
379
7875
1,638
66
706
726
377
7,859
1,630
66
707
723
378
7,840
1,634
66
701
1 180
682
1,397
1052
187
1 184
683
1,397
1054
186
1 182
683
1,403
1052
185
1 175
682
1,406
1052
184
1 167
682
1,407
1052
183
1,164
681
1,411
1049
182
1,153
682
1,414
1,044
181
792
184
70655
5223
5636
16859
796
182
70927
5229
5647
16,994
799
181
71 047
5246
5665
17026
798
179
71 307
5259
5686
17090
799
177
71529
5272
5697
17160
798
176
71854
5,269
5714
17,249
795
174
72030
5,278
5733
17,280
791
174
72355
5,301
5748
17,392
5,719
21014
16084
2827
3733
9 524
5,737
21087
16,113
2823
3727
9 563
5,755
21 184
16118
2831
3732
9 555
5776
21252
16082
2836
3722
9 524
5790
21382
16100
2836
3730
9 534
5,809
21480
16111
2834
3733
9 544
5,835
21644
16143
2850
3744
9 549
5,858
21723
16,158
2859
3749
9 550
5,888
21813
16,213
2873
3759
9581
r
5,906
21,856
16,213
r
2872
r
3765
9 576
64,614
13488
64,874
13566
64,952
13506
65,120
13425
65,235
13358
63,765
13223
63,675
13187
64,268
13209
65,058
13182
65,815
13206
r
66,511
13 291
r
63730
17470
696
3383
13391
7,802
592
392
63901
17484
700
3388
13396
7,832
591
391
64096
17,448
700
3407
13,341
7,806
588
389
64375
17497
695
3422
13380
7,835
593
393
64629
17,509
694
3439
13376
7,832
594
397
64830
17585
691
3485
13409
7855
597
399
65058
17638
690
3549
13399
7,843
595
400
65177
17578
692
3539
13347
7806
589
399
65376
17574
691
3574
13309
7,776
585
400
65571
17597
699
3649
13249
7730
579
397
65735
17,555
701
3651
13203
7,704
580
393
r
r
457
652
1079
1,328
459
657
1089
1,348
457
656
1092
1,353
457
647
1091
1,352
458
647
1 096
1,359
459
644
1 099
1,354
462
640
1 102
1,353
463
640
1 099
1,346
461
636
1 097
1,340
462
630
1 094
1,335
460
621
1 093
1,325
460
618
1 09
1,323
459
615
1086
1,314
r
458
r
608
108
1,304
"457
"600
"1 079
"1,308
1354
1,218
1366
1,221
1372
1,241
1373
1,230
1376
1,232
1374
1,230
1 371
1,251
1366
1,257
1 357
1,251
1345
1,251
1322
1,264
1313
1,260
130
1,26
1294
1,257
"1290
"1,290
r
392
r
"393
"273
692
371
7702
1,615
68
741
714
384
7,890
1,619
65
746
716
384
7920
1,625
65
748
717
386
7901
1,617
64
744
718
385
7869
1,610
66
738
720
387
7884
1,617
66
730
1 163
661
1,299
1043
196
1 197
681
1,372
1048
189
1201
684
1,379
1050
188
1 196
684
1,382
1051
188
1 181
680
1,387
1050
187
1 181
683
1,392
1051
188
711
205
66862
4954
5268
15613
782
192
69731
5171
5 550
16584
786
194
69773
5174
5557
16,623
786
189
70004
5194
5573
16673
784
186
70387
5210
5610
16750
5,468
19694
15,869
2774
C
3662
eg 434
5,682
20761
15,984
2807
C
3712
C
9465
5693
20766
15,960
2805
3712
9443
5,707
20849
16,008
2812
3723
9 473
60,070
12530
63,576
13310
64,282
13316
60070
16235
673
3033
12530
7,117
547
356
63576
17378
693
3375
13310
7J49
592
391
435
620
994
1,195
1220
1,096
388
267
25,010
974
r
4,638
19,398
11,560
'694
494
598
815
1,472
r
2,191
"97,949
82,075 "82,520
398
280
399
279
398
281
399
280
399
282
v>
400
281
400
280
399
278
400
276
399
275
397
272
394
27
r
789
173
72 463
5,295
r
5768
17,425
r
65 766
17 495
694
r
3632
13
169
r
7,67
r
576
394
r
39
27
r
•"5,934 "5,972
21,915 "22,064
16,349
"16,338
r
2876 "2887
r
3803
"3818
r
9670 "9633
r
66,466 "66,879
13,076 "13 271
65 860 "66 127
17,471
"17 521
r
69
"683
r
3638 "3 661
13,142
"13 177
r
7,637
"7,671
r
583
•'586
r
393
<°395
267
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-ll
SURVEY OF CURRENT BUSINESS
September 1985
,, .f
umis
1983
1985
1984
Annual
1984
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
Aug.
'5,498
1,153
49
r
603
'5,505
1,142
49
'602
"5,506
"1,143
"48
"600
962
'977
'516
'786
574
108
"961
"518
"789
"581
"108
June
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT t— Continued
Seasonally Adjusted t
Production or nonsupervisory workers— Continued
Nondurable goods
thous ..
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....
Service-producing
do
Transportation and public utilities
do ....
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate
do
Services
do
AVERAGE HOURS PER WEEK t
Seasonally Adjusted
Avg. weekly hours per worker on private nonag.
payrolls: 0
Not seasonally adjusted
hours . ,
Seasonally adjusted
do....
Mining $
„ do
Construction
do
Manufacturing:
Not seasonally adjusted .
do
Seasonally adjusted
.
do .
Overtime hours
do
Durable goods
do
Overtime hours
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
equip
do..
Transportation equipment
do ...
Instruments and related
products
do
Miscellaneous manufacturing
do....
Nondurable goods
do
Overtime hours
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 and public utilities .
do
Wholesale trade
do .
Retail trade . . . .
do
Finance, insurance, and real
estate $
„
do
Services
do
AGGREGATE EMPLOYEE-HOURS t
Seasonally Adjusted
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 and public utilities
do ....
Wholesale trade *
. do
Retail trade *
do
Finance, insurance, and real
estate . .
do
Services
do
Government
do
Indexes of employee-hours (aggregate weekly): <Q
Private nonagric. payrolls, total
1977 = 100 ..
Goods-producing
do
Mining
do
Construction
do ....
Manufacturing
do...
Durable goods
do...,
Nondurable goods
do....
Service-producing
do ....
Transportation and public
utilities
do
Wholesale trade
. .
do
Retail trade
do...
Finance, insurance, and real
estate
do .
Services
do...,
See footnotes at end of tables.
5,556
1,138
51
622
5,541
1,138
50
614
5,533
1,143
49
610
5,519
1,138
50
611
5,499
1,141
49
605
998
515
773
580
111
992
514
775
580
111
986
515
111
579
110
983
513
778
578
109
970
516
780
575
108
622
150
47245
4,337
4 570
15233
620
148
47420
4,344
4 589
15278
621
146
47599
4,355
4596
15337
619
145
47802
4,358
4610
15391
615
144
47974
4,365
4631
15430
611
144
48180
4,385
4644
15521
607
143
'48 271
'4,382
4662
15 568
'604
"611
147
"147
'48,389 "48,606
'4,393 "4,376
'4665 "4689
'15 582 "15 635
4 270
18756
4284
18821
4 298
18 911
4309
19002
4328
19 115
4343
19205
4364
19266
4381
19 278
'4399
'19 350
"4423
"19 483
35.1
352
432
377
35.1
352
435
380
35.5
35.2
44 1
378
34.7
351
429
377
34.6
351
432
378
35.0
352
436
381
34.9
350
433
380
35.0
351
435
376
r
35.4
351
437
372
35.3
'35.0
'428
'376
"35.4
"35.1
"427
"375
407
406
33
41 4
35
,40.1
39.8
41.9
413
41.4
420
405
405
33
41 3
35
39.7
39.6
41.9
413
41.3
419
407
405
34
41 2
36
39.6
39.7
41.8
415
41.1
418
41 2
406
34
41 3
36
39.8
39.6
41.8
412
41.4
417
403
406
34
41 3
36
39.7
40.4
41.7
41 0
41.4
417
397
401
33
407
35
38.9
39.5
41.6
409
40.9
41 1
404
404
32
41 1
35
39.6
39.5
42.0
41 1
41.1
416
40 1
402
34
409
36
39.5
39.3
42.0
410
41.1
412
403
404
31
41 1
32
39.8
38.9
42.1
412
41.1
414
406
404
32
412
33
'40.1
'38.9
41.9
416
41.3
41.6
401
'403
32
41 0
33
'39.6
'38.9
'42.0
'414
41.3
41.3
"404
"405
"33
"412
"35
"39.6
"39.4
"41.8
"418
"41.2
"41.5
410
426
41 1
428
409
426
409
424
410
428
408
431
402
419
407
425
402
423
404
426
r
406
423
'40.3
'42.5
"405
"431
413
393
39 5
31
39.7
383
398
412
392
39 5
31
39.7
389
39 5
415
394
39 5
30
39.7
383
393
413
393
394
30
39.7
387
38 8
41 4
393
39 5
31
39.7
390
39 1
418
393
396
30
40.1
388
39 2
412
392
39 5
30
39.8
383
39 2
407
390
393
29
39.7
392
38 8
41 0
391
394
29
39.8
389
39 1
407
390
39 1
30
39.6
354
388
409
393
394
29
40.1
370
389
41 1
394
394
30
'39.6
r
366
394
'406
'390
'394
30
40.1
'348
'392
"408
"39.5
"395
"31
"39.9
"377
"397
364
43.1
37.9
41.9
43.7
361
43.2
37.8
41.9
43.5
361
43.0
37.8
41.9
43.9
361
43.1
37.9
41.8
43.4
360
43.0
37.8
41.7
43.6
361
43.1
37.8
41.8
43.4
363
43.1
37.7
41.9
43.0
362
43.0
37.8
42.0
43.2
359
42.9
37.7
41.9
43.1
361
42.9
37.6
42.1
43.3
356
43.0
37.6
41.9
42.0
362
43.0
37.4
41.9
41.7
363
42.9
37.5
'42.0
'42.6
363
'42.7
37.5
'41.9
'42.5
"362
"43.0
"38.1
"41.9
"42.7
412
36.8
390
385
298
417
36.8
394
386
300
412
36.9
397
386
300
41 4
36.2
394
387
299
41 5
36.5
39 8
387
299
41 5
36.6
392
386
29 8
41 6
36.6
394
386
299
42 1
36.9
39 3
386
299
41 5
36.8
39 3
386
298
405
36.4
394
386
29 8
41 1
37.1
395
387
298
409
37.0
394
386
297
409
37.1
395
387
299
'412
'37.0
'395
'388
299
406
'36.9
'394
'386
'297
"405
"37.5
"397
"385
"297
362
327
36 5
328
367
328
364
327
366
328
36 5
328
364
328
367
329
364
327
364
328
364
328
364
327
363
328
367
'328
364
326
"364
"328
16833
137 14
211
7 62
3841
1011
1055
24 19
177 62
14586
220
8 52
4096
1061
11 14
2587
177 68
14625
220
8 51
4109
1071
11 16
2601
178 18
14626
221
8 57
41 15
1067
11 21
2587
179 62
147 27
2 24
866
4098
1081
1132
2598
179 17
14694
2 18
8 56
41 01
1068
11 30
2609
178 16
147 80
220
8 62
41 06
1072
11 32
2648
15037
14870
220
869
41 38
1071
11 36
2659
18076
148 69
2 25
8 84
41 48
1072
11 36
2580
18036
14887
227
890
41 11
1081
11 38
2589
181 79
149 82
222
903
41 08
1084
11 49
2682
181 27
14970
223
921
40 69
1085
11 51
2668
182 18
150 24
223
9 12
4073
1086
11 58
2698
1030
3384
31 19
1079
3577
31 75
10 86
3571
31 43
1080
3579
31 92
1096
3633
3235
1087
3624
32 23
1090
3648
3035
11 04
3673
31 67
1094
3647
3203
1096
3674
31 46
11 06
3727
31 97
11 10
3743
31 58
11 12
3762
31 94
11 28
'3769
'3206
11 23
'3768
'3230
"11 32
"3805
"3251
105.8
91 1
1065
102.1
882
85.0
93.0
114.0
112.9
988
1120
115.5
950
942
96.0
120.6
113.1
989
1124
115.0
952
945
96.2
121.0
113.2
99 1
1133
115.5
952
94.9
95.7
121.0
113.9
99 2
114 1
117.0
950
95.0
95.1
122.0
113.9
99 1
1117
116.9
950
95.0
95.1
122.1
114.5
993
1126
118.4
950
948
95.3
122.9
115.0
999
112 1
119.4
955
954
95.7
123.4
115.0
1000
1109
121.3
953
952
95.6
123.3
115.1
98 8
1122
12l'.2
939
93.3
94.7
124.0
115.7
99 6
1126
123.4
943
93.9
95.0
124.6
115.6
99 1
1136
125.7
933
92.8
94.1
124.7
116.2
991
1140
124.4
934
92.9
94.3
125.7
116.3
986
1126
122.4
93.4
92.7
'94.3
126.1
115.9
'985
'1110
124.0
'93.0
'92.0
'94.5
125.6
"116.7
"990
"1085
"124.4
"937
"92.9
"94.8
"126.6
994
1081
106.4
1052
1147
1134
1060
1149
1137
1057
1155
1137
1070
1163
114 1
1057
1165
1145
1065
1168
1158
1065
1173
1160
1067
1177
1159
1072
1179
1164
1076
1186
1168
1075
1188
1167
1082
1195
1182
'1082
1202
118.5
'1082
1197
117.8
"1086
"1200
"1182
1190
126.3
1245
1333
1252
1334
1249
133.5
1259
134.9
1256
135.5
1260
1361
1267
1370
1261
1368
1268
1379
1277
1387
1278
1389
1280
1398
1303
139.9
1290
139.5
"1301
"1414
5,413
1,114
52
639
5,561
1,124
49
646
5,589
1,132
49
648
5,564
1,124
49
643
984
495
712
579
118
1012
512
756
582
111
1 015
'514
762
583
111
1 010
514
762
583
111
551
171
43834
4,074
4226
14011
609
160
46198
4,270
4 469
14853
612
163
46260
4,273
4 477
14888
4068
17455
4 224
18382
35.0
35.3
425
371
433
377
401
407
30
407
30
40.1
39.4
41.5
405
40.6
40.5
5,535
1,119
50
637
5,545
1,123
50
630
5,544
1,126
50
626
999
510
764
582
111
998
513
768
582
112
996
513
770
581
112
611
157
46417
4,293
4 490
14929
609
154
46648
4,303
4 520
14989
616
153
46878
4,316
4542
15090
619
151
47 120
4,324
4 553
15217
4 234
18388
4 245
18460
4 245
18591
4 259
18671
35.6
35.3
430
375
35.5
35.2
435
376
35.4
353
440
379
34
41 4
36
39.9
39.7
42.0
417
41.4
419
403
405
33
413
35
39.5
39.8
41.9
415
41.3
419
404
405
33
413
35
39.6
39.3
41.8
412
41.2
420
405
42.1
410
427
409
423
404
391
394
30
39.5
374
404
413
394
39 6
31
39.8
389
399
362
42.6
37.6
41.6
43.9
5,554
1,135
50
623
1 000
514
768
581
111
r
516
r
782
575
108
r
'182 62 182 48 "183 51
'150 56 150 18 "151 01
"2 15
'217
221
'9 10
'902
"9 12
4073 '4055 "4079
'1091 '1090 "1092
'11 64 '1160 "1163
'27 10
'2696 "27 04
S-12
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,, .
September 1985
1985
1984
Annual
ljnns
1983
1984
July
Sept.
Aug.
Nov.
Oct.
Dec.
Jan.
June
May
Apr.
Mar.
Feb.
July
Aug.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS tt
Average hourly earnings per worker: <>
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
equip
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 and public utilities
do ....
Wholesale trade
do
Retail trade
do...,
Finance, insurance, and real
estate
.
do...
Services
do....
Seasonally adjusted:
Private nonagricultural payrolls
dollars
Mining
. do
Construction
do
Manufacturing
do
Transportation and public utilities
do ....
Wholesale trade *
do
Retail trade *
do
Finance, insurance, and real
estate
do....
Services
. .
do
Indexes of avg. hourly earnings, seas, adj.: 0
Private nonfarm economy:
Current dollars
1977 — 100
1977 dollars $
do
Mining
do
Construction . . . .
do
Manufacturing
do
Transportation and public utilities
do ....
Wholesale trade *
do
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
Avg. weekly earnings per worker,
private nonfarm: Q
Current dollars, seasonally adjusted
1977 dollars seasonally adjusted t
Current dollars, not seasonally adjusted:
Private nonfarm total
dollars
Mining
do...
Construction
do
Manufacturing
do ...
Durable goods
do
Nondurable goods
do
Transportation and public
utilities
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate
do
Services
do
EMPLOYMENT COST INDEX @
Civilian workers t
6/81 — 100 .
Workers, by occupational group
White-collar workers
do
Blue-collar workers
do...
Service workers
do
Workers, by industry division
Manufacturing
do...
Services
do...
Public administration
do...
HELP-W ANTED ADVERTISING
Seasonally adjusted index
1967—100 .
See footnotes at end of tables.
8.02
1128
1194
883
8.52
939
9.06
7.80
6.62
9.28
1135
9.12
9.55
8.33
1163
1212
918
8.81
974
9.34
8.03
6.85
9.57
1147
9.38
9.96
8.32
1163
1206
919
8.83
973
9.34
8.07
6.87
9.64
1149
9.35
9.96
8.30
1162
1210
915
878
970
9.30
8.10
6.88
9.63
1138
9.33
9.93
8.43
1172
1224
924
885
979
9.37
8.20
6.94
9.65
1143
9.43
10.02
8.40
1158
1223
924
887
978
9.38
8.11
6.93
9.64
1136
9.40
10.02
8.43
1163
1210
931
8.93
985
9.43
8.06
6.95
9.67
1149
9.44
10.07
8.46
1170
1226
940
9.00
996
9.52
8.09
6.99
9.68
1149
9.58
10.16
8.50
1186
1230
943
9.07
999
9.59
8.10
7.01
9.70
1155
9.59
10.13
8.52
1190
1233
943
9.07
999
9.59
8.09
7.01
9.73
1169
9.59
10.14
8.52
1191
1222
945
9.09
1001
9.61
8.06
7.07
9.71
11.66
9.62
10.15
8.54
1193
12.21
9.48
9.13
10.03
9.64
8.04
7.08
9.80
11.64
9.64
10.17
8.53
11.86
12.19
9.48
9.13
1004
9.66
8.12
7.11
9.80
11.64
9.63
10.22
"8.56
11.99
12.12
9.50
9.13
10.08
9.68
r
8.24
"7.18
9.84
11.65
9.65
10.28
8.54
11.87
12.16
"9.52
r
9.17
10.10
r
9.71
"8.17
7.20
9.88
11.79
"9.67
"10.32
"8.54
"11.90
"12.23
"9.50
"9.12
"10.09
"9.68
"8.27
"7.22
"9.90
"11.61
"9.64
"10.31
867
11.67
9.04
12.22
900
12.16
905
12.16
9.13
12.26
9.15
12.32
9.20
12.45
9.32
12.62
9.33
12.67
9.33
12.63
9.39
12.59
9.40
12.63
9.39
12.63
r
9.46
12.66
"9.47
"12.63
"9.52
"12.70
848
885
888
889
896
8.93
8.95
9.03
9.00
9.11
9.10
9.11
9.13
9.15
"9.21
"9.25
681
808
7.79
8.19
10.38
618
704
837
8.05
8.38
11.27
646
707
841
8.09
8.39
11.77
644
701
837
8.04
8.33
10.92
647
705
844
8.10
8.35
10.52
650
705
844
8.12
8.31
10.60
649
706
852
8.19
8.43
11.93
655
716
855
8.23
8.45
11.17
6.57
723
859
8.30
8.48
11.39
659
7.19
8.60
8,31
8.51
11.80
660
7.20
8.61
8.32
8.53
12.00
6.64
7.22
8.67
8.37
8.59
12.16
6.70
7.28
8.64
8.34
8.58
12.65
6.68
7.28
r
8.65
8.34
'8.55
12.83
r
6.69
"7.30
"8.70
"8.38
8.55
"12.92
"6.69
"7.29
"8.67
"8.33
"8.51
"12.45
"6.74
538
9.93
9.11
1058
13.28
555
10.41
9.40
11.08
13.43
553
10.52
9.38
1109
13.25
555
10.47
9.44
11.09
13.30
563
10.51
9.53
11.20
13.52
561
10.52
9.50
11.29
13.51
561
10.64
9.56
11.31
13.66
568
10.66
9.57
11.34
13.62
573
10.63
9.58
11.39
13.96
570
10.64
9.60
11.39
13.99
5.73
10.64
9.61
11.37
14.06
5.74
10.72
9.60
11.48
14.18
5.69
10.75
9.60
11.46
14.00
5.70
10.79
9.61
11.52
13.97
5.69
"10.89
9.66
"11.49
"13.99
"5.69
"10.93
"9.61
"11.54
"13.90
8.00
5.54
10.79
855
5.74
829
5.70
11.11
896
5.88
8.31
5.71
11.14
898
5.86
8.29
5.68
11.13
8.96
5.82
8.32
5.73
11.22
9.06
5.88
8.32
5.72
11.18
9.00
5.88
8.40
5.76
11.25
9.08
5.93
8.44
5.80
11.28
9.19
5.89
8.49
5.82
11.26
9.16
5.97
8.48
5.79
11.27
9.22
5.99
8.46
5.82
11.24
9.19
5.97
8.48
5.84
11.27
9.24
5.96
8.45
5.83
11.24
9.24
5.97
8.50
5.83
11.32
r
9.28
5.94
"8.55
"5.82
"11.38
"9.26
"5.94
"8.49
"5.83
"11.38
"9.23
"5.92
7.29
7.31
762
7.64
760
759
7.57
7.56
7.76
7.72
7.67
7.71
7.71
7.77
7.78
7.84
7.77
7.84
7.87
7.87
7.87
7.87
7.85
7.89
r
7.83
7.88
'7.95
r
7.91
"7.87
"7.86
"7.87
"7.86
802
11.27
1194
883
10.79
855
574
833
1158
1212
918
11.11
896
588
835
(i)
1213
919
11.16
898
588
835
(i)
1214
922
11.13
898
587
840
(i)
1215
924
11.18
905
589
838
(i)
1214
928
11.16
901
590
842
(i)
1216
931
11.18
909
593
8.47
(x)
1220
935
11.23
919
593
844
(l)
1220
938
11.21
9.09
592
849
0)
1227
941
11.25
9.20
594
8.52
(i)
1222
943
11.27
9.23
595
8.54
C1)
1226
9.48
11.30
9.22
594
r
r
729
731
762
764
763
767
761
766
778
772
768
770
772
774
781
781
7.70
774
7.81
781
7.86
786
7.85
788
1554
949
1667
1456
1579
1566
1582
1502
1607
948
1738
1480
1628
1617
1657
1539
1610
952
174 5
1479
1631
1624
166 1
1542
1608
942
174 2
1477
1635
1616
1657
1537
1617
943
175 9
1479
1637
1623
1677
1540
1616
941
174 8
1477
1641
1628
1667
1540
1623
945
1762
147 6
1647
1629
1679
1552
1634
949
1769
1489
1654
1641
1698
1556
1630
945
1774
1492
1663
1635
1692
1545
1640
947
1784
1508
1669
1642
1702
1554
1644
945
1778
1499
1674
165.4
1699
1555
1587
1560
1656
1629
1654
1636
1646
1631
1683
1648
1663
1641
167 1
1649
1686
1667
1682
164.9
1702
166.2
1522
1991
1283
1571
2066
13 33
1579
2062
13 29
1584
2087
13 18
1587
2089
13 40
1581
2084
13 46
1582
2084
13 40
15.82
2084
13 50
15.89
2091
1342
28070
17137
29405
17348
29476
17431
29392
17219
29652
17280
29498
17180
29638
17262
298.14
17314
28070
47940
44297
35408
38217
31835
29405
50358
45692
37363
40324
33145
29619
50009
46431
37036
39796
33135
29465
50547
46464
36966
39770
33145
29842
51568
47124
37607
40629
33507
29484
50026
46474
37422
40391
33254
29589
50591
45133
37892
40779
33739
42081
32918
17105
43773
34586
17640
44560
34842
17990
44186
34765
17809
44768
35153
17640
43826
34830
17464
26390
23904
27813
25059
27892
25199
27555
24948
28402
25322
27996
25212
96
131
138
128
r
r
8.55
(l)
1225
9.49
11.31
9.24
5.96
8.59
0)
12.23
9.51
11.40
r
9.32
5.94
8.57
0)
"12.23
"9.52
11.39
"9.26
"5.96
"8.60
(*)
"12.27
"9.58
"11.39
"9.25
"5.97
7.81
7.89
r
7.98
r
7.97
"7.90
"7.94
"7.92
"7.96
1648
94.4
1786
1504
167.9
165.0
1706
155.6
164.9
94.3
1779
150.0
168.4
165.0
170.7
155.9
165.6
r
94.5
178.9
149.3
168.6
166.6
171.3
155.9
165.5
94.3
"178.8
"149.1
"168.9
"166.4
"170.9
"156.0
"165.5
"94.2
"178.8
"148.5
"169.3
"165.1
"170.8
"156.2
1703
167.2
1700
167.8
169.8
167.6
172.1
169.8
"170.6
"169.1
"170.5
"169.4
15.89
2098
13 67
15.91
2089
13 38
15.91
20.89
13 62
16.01
20.98
13 45
16.00
21.01
P1358
16.00
21.01
15.97
20.95
296.24
17173
298.00
17215
299.90
17246
298.90
171.19
300.11
171.59
r
301.51
172.00
"299.95 "301.86
171.01 "171.80
30033
515.97
46098
38728
41932
34200
29495
508.79
44772
380.03
41059
33673
29479
514.08
45128
374.37
40360
33368
29820
519.28
46069
381.78
41241
33837
298.05
516.57
461.54
380.15
41023
33726
298.55
515.91
464.44
382.04
41164
33955
r
303.02
r
301.46
"508.04
"469.38
"381.75
"410 06
"341.91
444 33
35140
17612
44556
35749
17965
43801
35174
17373
44066
35220
17431
44173
35382
17552
44178
35482
17522
44173
357.59
177.91
r
449 40
r
"451 79 "455.20
"359 29 "357.20
"180.58 "179.97
28064
25408
28553
25794
28283
25480
28647
25656
28647
25656
28574
25721
28423
257 68
r
29177
r
"286 47 "2136.47
"259.38 "2(50.17
r
r
r
523.96
"461.77
385.70
41731
"342.54
360 99
179.39
261.03
122.4
123.9
125.5
126.4
124.0
119.6
1246
1255
120.9
1268
1273
122.2
1278
128.3
123.:
1280
120.4
1233
1288
126.9
122.0
1248
1309
128.6
123.9
1262
1319
1301
124.6
1272
1326
130.3
129
136
137
145
139
140
138
131
131
138
139
"802.32
"508.13
"468.41
"383.80
"412.68
"344.20
133
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-13
SURVEY OF CURRENT BUSINESS
September 1985
IT .*
units
1984
1983
1985
1984
Annual
July
Oct.
Sept.
Aug.
Nov.
Dec.
Jan.
Mar.
Feb.
Aug.
July
June
May
Apr.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year .
number
81
62
Workers involved in stoppages:
Beginning in month or year
thous ..
909
376
Days idle during month or year
do .... 17,461 *8,499
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly #@
thous..
3,775
2,565
State programs (excluding extended duration
provisions):
Initial claims
thous.. 22,795 19,632
Insured unemployment, avg.
weekly
do
3,396
2,480
Percent of covered employment: @@
Unadjusted
2.9
3.9
Seasonally adjusted
Beneficiaries average weekly
thous
2,990
2,148
Benefits paid @
mil $ 17,762.8 13,399.9
Federal employees, insured unemployment,
average weekly
thous ..
26
24
Veterans' program (UCX):
Initial claims
do
196
158
Insured unemployment, avg.
weekly
do
30
21
Beneficiaries, average weekly
do....
27
19
Benefits paid
mil $
194.6
135.1
Railroad program:
Applications
thous ..
180
100
Insured unemployment, avg.
weekly
...
do
58
28
Benefits paid
mil. $..
301.6
8
5
10
4
4
3
2
4
70
1,228
24
1,634
108
713
18
562
12
500
42
656
4
278
29
259
2,327
2,184
2,083
2,149
2,441
2,778
3,361
3,339
r
4
3
2
2
6
15
698
6
230
7
203
16
454
15
929
3,113
2,766
2,455
"2,337
r
1,767
1,459
1,260
1,758
1,825
2,074
2,610
1,662
1,509
1,633
1,486
"1,418
2,270
2,129
2,023
2,072
2,355
2,691
3,264
3,239
3,106
2,680
2,385
"2,274
2.6
2.7
1,905
974.1
2.5
2.7
1,895
1,017.8
2.3
2.7
1,806
855.4
2.4
2.8
1,759
962.9
2.7
2.9
1,914
1,005.7
3.1
2.9
2,207
1,124.8
3.7
2.9
2,692
1,505.0
3.6
3.0
2,940
1,450.0
3.4
2.9
2,786
1,442.0
20
19
19
21
23
24
27
26
24
20
17
13
14
13
15
15
12
14
12
12
11
10
10
18
16
9.6
19
17
10.7
20
18
9.9
21
19
11.7
22
20
12.0
23
21
12.0
24
22
13.9
22
21
11.7
21
20
11.2
19
17
10.5
17
16
10.2
"16
"15
"8.6
"2.5
3.0
2.6
"2.8
2.8
2.9
r
2,176 "2,068
2,478
1,346.0 1,223.0 "1,008.0
"17
25
7
6
9
10
11
13
4
3
3
3
12
17
6.7
16
6.7
18
6.3
21
8.6
27
29
33
34
32
25
18
"15
75,179
75,470
72,273
76,109
73,726
72,825
69,689
68,400
31
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. $
Commercial and financial company
paper, total
do.
Financial companies .
do
Dealer placed
do
Directly placed
do
Nonfinancial companies
do.. .
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 #
.
do
Deposits,
total
do
Member-bank reserve balances
do....
Federal Reserve notes in circulation
do
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held,
total
mil. $..
Required
.
do
Excess
do
Borrowings from Federal Reserve
banks
do
Free reserves
do
Large commercial banks reporting to Federal
Reserve System: t
Deposits:
Demand, total #
mil. $..
Individuals, partnerships, and
corporations
ft
do....
States and political subdivisions
do....
U S. Government
do
Depository institutions in U.S. £j:
do....
Transaction balances other than demand
deposits *
do
Nontransaction balances, total *
do....
Individuals, partnerships, and
corporations
do
Loans and leases(adjusted),total §
do ....
Commercial and industrial
do....
For purchasing and carrying
securities
do
To nonbank depository and other
financial
.
do
Real estate loans
do
To States and political subdivisions 0
do....
Other loans
do....
Investments,
total
do ....
U.S. Treasury and Govt. agency securities,
total 0
do
Investment account 0
do....
Other securities Q
do....
See footnotes at end of tables.
75,470
78,309
181,348 231,760
137 970 166 776
41727 57 191
96,243 109,585
43,378 64,984
80,957
79,779
77,928
75,741
222 782 220 125 226,736 230,511 238,024 231 760
160544 158 358 159 542 160 174 167 044 166 776
49676 50313 52138 54055 56,240 57 191
110 868 108,045 107,404 106,119 110,804 109,585
62,238 61,767 67,194 70,337 70,980 64,984
241,813 246,232 247,603 255,913
171 335 174 507 176 812 180 591
59425 60476 60,426 62976
111,910 114,031 116,386 117,615
70,478 71,725 70,791 75,322
68,497
259,253 259,571 265,863
181 645 182,815 187,473
62,285 62,733 66,504
119,360 120,082 120,969
77,608 76,756 78,390
80541
78003
80779
80 545
80091
79718
79246
78003
51,078
9319
20143
50,714
8760
18528
51,190
8947
20642
51219
8709
20616
51216
8497
20378
51,206
8699
19813
51 176
9033
19*036
50,714
8760
18528
198 571 208 523
204 194
198 682 205 671 208 523
200 624 205 225 207 603 224784 210 145 214,575 223,914 215,550
163 694 174 052
918
3577
151,942 160,850
11,121 11,096
198 571 208 523
26123 28252
21,446 21,818
167 113 170 648 170 433 162 417 171 216 174 052
6633
5060
5073
3577
7238
8276
150,705 153,183 155,018 148,220 157,770 160,850
11,099 11,098 11,097
11,096
11,096
11,096
204 194 203 184 207 150 198 682 205 671 208 523
25851 27417 32718 24122 28107 28252
21,355 22,733 23,612 19,740 25,052 21,818
165 585 170 657 172 235 184,595 173,557 179,013 176,348 180,252
2,068
1,567
1,338
1,765
2329
2,582
1,525
2139
154,555 159,632 160,983 173,913 164,245 169,110 167,095 170,109
11,091 11,090 11,090 11,090
11,091
11,093
11,095 11,093
200 624 205 225 207 603 224 820 210,145 214,575 223,914 215,550
26011 29193 30,660 41,939 26,163 31,155 37,383 29,933
19,858 25,092 26,997 21,962 23,468 27,236 26,253 25,665
157 097
168 327
160 402
'40,696
38 333 1 39 843
'853
'561
37,471
36858
613
3 186
2220
223,965
1
38,894
;
1
'774
117
195,538
1
1
203 184 207 150
161 551 160 046
160,972
164 102
168 327
37,264
36575
689
38,043
37415
628
38,512
37892
620
39,235
38542
693
40,696
39843
853
5924
5003
8017
6982
7 242
6295
6017
5098
4617
3712
3 186
2220
188,430
172,432
186,027
184,939
180,270
223,965
149,971 172,700 142,190
5,507
6,219
6,114
2055
1200
1 160
21,868 26,297
23,302
131,670 139,287
4,826
4,360
3930
2151
19,220 22,440
163,728 165,331 169,056
170,178
171,286
172,712
r
42,803
r
41,948
r
855
42,969
42,134
835
1,107
85
1,073
17
197,532
186,922
140,345 139,230 139,036 145,961 143,761 150,069
5,867
5,268
5,169
5,256
4,902
4,736
1,614
2,350
3555
1016
2713
2581
22,190 21,511 20,877 25,116 22,153 24,015
142,796
4,697
1,830
22,812
162 125 162,992
41,125
40380
745
1 395
'588
184,595
141,373 139,061 172,700 139,346
4,901
6,219
4,781
5,138
1389
1041
1 160
2766
21,033 20,985 26,297
20,969
40,273
39370
903
1 289
*315
40,494
39728
766
41,652
40,914
738
41,051
40,247
804
42,352
41,447
905
1593
739
1323
'450
1334
365
1205
149
185,248 182,425 182,743 192,166 190,792
r
36226
439,983 456,258
33362 32242 33893 32998 32668 36226
434,056 436,064 440,735 443,875 446,038 456,258
34715 35475 36224 37681 36374 36680 38,560 38,361
459,663 462,489 464,571 464,676 467,565 469,752 472,193 474,261
411 068 422 480
553,128 659,091
223,857 251,957
403 004 403 295 407 377 410,059 412 111 422 480
617,895 615,392 627,201 636,546 637,675 659,091
244,993 242,982 246,832 247,659 248,452 251,957
425 194 426,480 428,655 428,262 430,690 433,809 436,131 437,559
651,896 658,400 663,250 667,725 670,329 679,325 681,806 681,879
249,752 253,286 255,645 253,744 253,462 252,278 253,594 251,583
13,638
18,066
25272
142 170
25460
158,428
29,210
148,191 175,970
145,803 127,885
75,473
67,777
70,330
78,539
64,697
49,346
12,628
11,223
13,135
25094 24982 24,430
151 953 152,964 155,099
25,982 26,234 25,946
157,245 157,007 161,759
120,946 123,345 121,998
74,091
64,147
46,855
75,582
63,969
47,763
74,656
63,475
47,342
15,048
18,066
13,211
24,338 24,186 25460
156,961 158,227 158,428
26,078 26,675 29,210
166,462 167,519 175,970
126,454 124,996 127,885
23784
161,941
29,508
173,700
132,922
79,042
63,884
47,412
12,616
78,532
63,770
46,464
78,539
64,697
49,346
83,910
66,890
49,012
19,618
18,593
16,051
23,782 23,314 23,723 24,039 23,750 24,300
163,428 164,536 165,653 167,236 168,638 170,402
29,382 29,766 29,880 30,010 29,993 30,439
174,884 175,037 178,062 180,658 185,048 184,478
138,919 134,093 134,256 136,856 135,651 135,909
24,794
172,449
30,977
186,025
137,934
86,102
72,246
49,807
84,851
70,726
53,083
13,638
91,517
70,017
47,402
14,952
86,950
69,438
47,143
16,663
85,471
69,127
48,785
14,924
87,417
72,499
49,439
86,264
70,607
49,387
S-14
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,, -f
1983
September 1985
1985
1984
Annual
1984
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FINANCE—Continued
BANKING— Continued
Commercial bank credit, seas, adj.:
Total loans and securities <)
bil. $ ..
1,553.0
1,714.8
U S Treasury securities
do
260.8
260.2
Other securities
do
169.6
139.9
Total loans and leases 0
do....
1,122.7
1,314.7
Money and interest rates:
Prime rate charged by banks on
short-term business loans *
percent ..
10.79
12.04
Discount rate (New York Federal
Reserve Bank) @@
do....
8.50
8.80
Federal intermediate credit bank
loans
do
10.60
11.20
Home mortgage rates (conventional 1st
mortgages):
2
New home purchase (U.S. avg.)
percent..
'12.11
11.88
Existing home purchase(U.S. avg.)
do....
* 12.29
* 12.00
Open market rates, New York City:
Bankers' acceptances, 90 days
do ....
8.90
10.14
Commercial paper, 6-month $
do ....
8.89
10.16
Finance co. paper placed directly 6-mo
do
9.65
8.69
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)...percent.
8.630
9.580
CONSUMER INSTALLMENT CREDIT t
Not seasonally adjusted
Total outstanding (end of period) #
mil. $.. 383,701 460,500
By major holder:
Commercial banks
do
171,978
212,391
Finance companies
do
87,429
96,747
Credit unions
do
53,471
67,858
Retailers
do
37,470
40,913
23,108
Savings and loans
do....
29,945
By major credit type:
Automobile. ...
do
143,114
172,589
Revolving
. do
81,977
101,555
24,556
Mobile home
do
23,862
Seasonally adjusted *
Total outstanding (end of period) #
do...
By major holder:
Commercial banks
do
Finance companies
do
Credit unions
do
Retailers
do
Savings and loans
do
By major credit type:
Automobile
do
Revolving
do
Mobile home
do
Total net change (during period) #
do ,
By major holder:
Commercial banks
do
Finance companies
do
Credit unions
do
Retailers
do
Savings and loans
do
By major credit type:
Automobile
do
Revolving
do
Mobile home . . .
do
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
1
Receipts (net)
mil $
600,562 '666,457
1
795,916 '841,800
Outlays (net)
do ..
Budget surplus or deficit (— )
do .... '-195,354 '-175,342
1
207,711 '185,339
Budget financing total
do
1
Borrowing from the public
do
212,424 '170,817
'14,522
Reduction in cash balances
do... '- 4,713
Gross amount of debt outstanding
do... 11 1,381,886 '1,576,748
Held by the public
do .. 1,141,771 ' 1,312,589
Budget receipts by source and outlays by
agency:
Receipts (net), total
mil. $ 1 600,562 '666,457
1
Individual income taxes (net)
do
288,938
'295,955
1
Corporation income taxes (net)
do...
37,022
' 56,893
Social insurance taxes and contributions 1
(net)
mil $
208,994
'241,902
1
Other
do
65,609
'71,706
Outlays, total #
do
' 795,916 '841,800
Agriculture Department
do...
'46,384
'37,482
Defense Department military
do
1 205 Oil '220,805
Health and Human Services
1
Department
mil $
276,453 '292,224
Treasury Department
do... '116,248 '140,964
National
Aeronautics and
Space Adm
do
'6,664
'7,048
'24,816
Veterans Administration
do ..
'25,596
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of
period)
mil $
11,121
11,096
Price at New York $$
dol. per troy oz
423.828
360.287
Silver:
11.441
Price at New York
ft
dol per troy oz
8.141
See footnotes at end of tablet
1,652.6
256.4
139.5
1,256.7
1,662.1
257.1
140.8
1,264.2
1,674.8
258.0
141.9
1,274.9
1,682.8
257.0
141.5
1,284.3
1,701.0
259.4
141.1
1,300.6
1,714.8
260.2
139.9
1,314.7
1,724.0
260.1
142.4
1,321.5
1,742.3
265.8
140.8
1,335.6
1,758.9
266.9
138.7
1,353.3
1,765.8
261.1
140.1
1,364.6
1,785.3
265.9
142.1
1,377.3
1,799.1
266.6
144.5
1,388.0
1,813.6
271.0
145.5
1,397.1
13.00
13.00
12.97
12.58
11.77
11.06
10.61
10.50
10.50
10.50
10.31
9.78
9.50
9.50
8.00
8.00
7.81
7.50
7.50
7.50
9.00
9.00
9.00
9.00
8.83
8.37
8.00
8.00
11.32
11.32
11.53
11.66
11.66
11.53
11.46
11.22
11.04
10.97
10.77
10.56
10.38
10.36
11.91
12.03
11.89
12.24
12.03
12.43
12.27
12.52
12.27
12.38
12.05
12.26
11.77
12.09
11.74
11.90
11.42
11.72
11.55
11.62
11.55
11.62
11.31
11.29
'10.94
'11.02
10.78
10.87
11.30
11.34
11.23
11.16
11.04
10.94
10.13
10.16
9.00
9.06
8.45
8.55
8.00
8.15
8.55
8.69
8.88
9.23
8.33
8.47
7.77
7.88
7.32
7.38
7.53
7.57
7.68
7.74
10.42
10.52
10.55
9.87
8.82
8.09
7.82
8.20
8.65
8.27
7.69
7.16
7.34
7.55
10.130
10.490
10.410
9.970
8.790
8.160
7.760
8.220
8.570
8.000
7.560
7.010
7.050
7.180
422,008
430,795
437,469
441,358
447,783 460,500
461,530
464,940
471,567
479,935
488,666 '495,813
503,834
195,265
92,534
61,151
35,058
26,057
199,654
94,070
62,679
35,359
26,922
202,452 204,582 206,635
95,594
95,113
95,753
66,528
63,808 64,716
35,595 35,908
37,124
27,880
28,781 29,358
212,391
96,747
67,858
40,913
29,945
213,951
96,732
68,538
38,978
30,520
215,778 219,970
97,360
99,133
70,432
70,251
37,082
37,483
32,349
31,405
161,834
86,003
24,639
165,177
88,202
24,947
167,231
90,231
25,198
168,923
91,505
24,573
170,731
93,944
24,439
172,589
101,555
24,556
173,769
100,565
24,281
176,119
99,316
24,393
179,661
100,434
24,456
183,558
101,887
24,675
187,795 '191,315
103,492 '104,333
24,925 '25,205
194,678
105,539
25,545
422,838
428,860
433,842
439,473
445,553
452,372
459,595
468,636
476,978
485,248
494,290 '499,517
505,764
196,423
91,231
61,331
35,930
26,203
199,054
92,612
62,258
36,127
27,007
200,438
94,183
63,129
36,352
27,777
203,194
94,581
64,353
36,480
28,641
205,677
95,359
66,084
36,758
29,187
208,705
96,555
67,420
37,147
29,763
212,504
97,456
68,710
37,398
30,685
217,575
98,659
70,133
37,667
31,682
222,422
100,707
70,930
37,758
32,397
226,275
102,592
72,145
37,926
33,460
230,383 '232,073 233,897
104,965 106,183 107,812
73,615 74,764
72,818
38,236
38,348
38,267
37,542
36,204
34,787
160,726
87,646
24,574
6,481
163,208
88,909
24,791
6,022
164,721
90,393
24,918
4,982
167,225
91,881
24,526
5,631
169,774
93,495
24,435
6,080
172,461
94,940
24,552
6,819
175,348
96,897
24,393
7,223
178,546
99,424
24,675
9,041
181,937
102,055
24,664
8,342
185,425
104,181
24,882
8,270
189,217 '191,903
106,610 '106,537
25,068 '25,264
'5,227
9,042
194,268
107,393
25,588
6,247
3,192
1,138
1,360
36
586
2,631
1,381
927
197
804
1,384
1,571
871
225
770
2,756
398
1224
128
864
2,483
778
1,731
278
546
3,028
1,196
1,336
389
576
3,799
901
1,290
251
922
5,071
1,203
1,423
269
997
4,847
2,048
797
91
715
3,853
1,885
1,215
168
1,063
4,108
2,373
673
341
1,327
'1,690
1,218
797
-31
1,417
1,824
1,629
1,149
112
1,338
3,087
772
334
2,482
1,263
217
1,513
1,484
127
2504
1,488
-392
2,549
1,614
-91
2,687
1,445
117
2,887
1,957
-159
3,198
2,527
282
3,391
2,631
-11
3,488
2,126
218
3,792
2,429
186
'2,686
'-73
'196
2,365
856
324
223,850 226,973 '229,676 232,913
101,324 104,130 105,971 107,985
74,614
72,381 73,468
71,418
37,399
37,548
37,091
37,472
35,901 37,301
33,514
34754
::::
55,776
72,151 53 57,970
39,794
94,593
49,606
54,021
62,404
70,454
68,019
52,251
51,494
55,209
52,017
83,621
78,012
80,245 71,506
78,067
82,228
74,851
51,234
81,037
77,583
76,838
88,707
68,432
79,956
27 845
645 -20,042
12,365 40 4^0
16,785 -28,787 -28,462 '-15,179 -6,384 -20,830 -28,461
-16,416 -33,498
27,597
21,532
1,369
41,997
29,504 -11,386
21,056
28,902
14,563
8,013
18,128
34,673 -14,811 28,019
16,157
11,857
23,921
16,333
17,036
13,159
4,167
15,994
20,754
19,353
12,675
25,340
24,055
24,540
1 1,440
25,664 -10,488 -2,389
5,062
16,345 -28,422
-6,412
9,333 -18,978
7,265
9,549 -9,492 -4,662
1,543,117 1,565,140 1,576,748 1,616,010 1,635,510 1,667,425 1,684,364 1,702,793 1,715,148 1,737,119 1,758,330 1,779,026 1,805,324 1,822,387
1,283,081 1,308,421 1,312,589 1,333,343 1,352,696 1,376,750 1,389,426 1,405,420 1,418,578 1,435,615 1,451,948 1,463,804 1,487,725 1,503,882
52,017
22,398
2,063
55,209
25,820
r
800
68,019
31,541
11,891
52,251
25,692
937
51,494
24,792
1,122
62,404
27,054
11,531
70,454
37,921
2,779
54,021
23,769
1,753
49,606
15,254
8,417
94,593
51,602
8,855
39,794
3,611
1,230
72,151
34,764
10,788
57,970
26,252
1,892
55,776
25,770
1,078
22,853
6,974
78,012
3,822
21,478
22,943
5,985
83,621
3,872
22,580
21361
6,195
68,432
2,322
18,388
r
21,932
6,657
88,707
'2,760
'19,533
18,639
5,948
51,234
2,496
18,354
19,039
6,582
81,037
4,602
18,707
19,524
6,056
79,956
4,175
20,249
18,127
5,693
77,583
5,057
19519
23,326
6,428
76,838
5,634
18,912
23,080
5,419
74,851
3,959
19,216
20551
5,385
78,067
3,874
21,039
28,032
6,103
82,228
5,159
19,597
28,423
6,530
80,245
3,222
21,491
21,049
5,549
71,506
3,053
20,247
23,636
10,586
'39,825
11,827
7,428
10,572
26,348
11,834
25,346
12,406
25,844
21,304
25,748
11,941
25,657
12,538
25,805
11,376
26,671
13,000
27,445
13,01
27,362
22,318
27,104
11,942
27,112
12,997
615
1,236
'627
'3,280
502
932
802
2,104
629
3,346
609
2,388
548
925
617
2,214
642
2,291
608
2,290
606
3,20
537
90
571
2,320
553
3,408
11,099
346.443
11,098
347.693
11,097
340.913
11,096
340.109
11,096
340.861
11,096
319.739
11,095
302.791
11,093
11,093
298.816 303.943
11,091
324.902
11,09
316.07
11,09
316.49
11,090
317.802
11,090
330.234
7.613
7.263
7.317
7.488
6.694
6.098
6014
6.458
6.28
6.17
6.104
6.247
7.416
6.069
3
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-15
SURVEY OF CURRENT BUSINESS
September 1985
., ..
umis
1983
1985
1984
Annual
1984
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
June
May
July
Aug.
'599.1
FINANCE—Continued
MONETARY STATISTICS
;
Currency in circulation (end of period)
bil $
171 9
Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted): $
Ml
bil $
5098
M2.
do
21102
M3
do
25899
L (M3 plus other liquid assets)
do
'3 026 3
Components (not seasonally adjusted):
Currency
do ...
1420
Demand deposits
do
2420
Other checkable deposits i$
. . do .
1212
Overnight RP's and Eurodollars Q
.
do
495
General purpose and broker/dealer
money market funds
do....
145.3
Money market deposit accounts *
.. do ,
3430
Savings deposits
do..
317.6
Small time deposits @
do
7520
Large time deposits @ .. .
do
3083
Measures (seasonally adjusted): $
Ml
do
M2
..
do
M3
do ...
L (M3 plus other liquid assets)
do
Components (seasonally adjusted):
Currency
. . do
Demand deposits
do....
Other checkable deposits *
do
Savings deposits
do
Small time deposits @
do....
Large time deposits @
do....
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Bureau of the Census):
Net profit after taxes, all industries1
mil $
85834
Food and kindred products
do
9436
Textile mill products
do
1599
Paper and allied products
do
2327
Chemicals and allied products
do
11 644
Petroleum and coal products
do
19297
Stone clay and glass products
do
1*002
288
Primary iron and steel
do
3746
Fabricated metal products (except ordnance,
machinery, and transportion
equipment)
..mil $
2693
Machinery (except electrical)
... . do . .
7680
Electrical machinery, equipment,
and supplies
, . do
6367
Transportation equipment (except motor
vehicles etc)
mil $
3011
Motor vehicles and equipment
do
7168
All other manufacturing industries
do
17644
Dividends paid (cash), all industries
do
41624
SECURITIES ISSUED @@
Securities and Exchange Commission:
103 750
By type of security:
49264
Common stock
do
45248
Preferred stock
do
7*689
By type of issuer:
Corporate, total #
mil $
102 200
Manufacturing
..
do
22836
Extractive (mining)
do
8580
Public utility
do
12741
Transportation
do
4004
Communication
... do
5528
35714
State and municipal issues (Bond Buyer):
Long-term
do
83348
Short-term
. .do
35849
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
or month
mil $
23000
Free credit balances at brokers:
Margin accounts
do
6620
Cash accounts
do
8430
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composite §
dol. per $100 bond
412
Domestic municipal (15 bonds)
do...
51.4
Sales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $. 7,572.32
See footnotes at end of tables.
1838
1753
1838
545.0
22775
28488
1-3 gg7 4
549.9
22857
28636
3 3957
154.3
2465
1392
156.3
2484
1394
570.4
548.2
555.9
545.0
548.5
22877 22988 23166 23444 23767
28748 28909 29206 2 960 4 30022
3 414 8 3 441 6 '3 469 0 3 5022 rg 540 9
156.5
2438
138.9
156.5
2461
1405
156.7
2458
140.8
158.7
2489
143.4
160.9
2574
147.2
185.9
1792
568.3
24042
3,024 2
3 5668
558.6
2,414 5
3,034 3
3 5899
158.3
2549
150.1
158.6
2449
150.1
r
576.2
564.9
581.6
2,429.6 r 2,439.2 2,440.7
3,057.3 3,068.2 '3,073.6
3 627 7 '3 638 5 36372
159.8
246.3
153.6
592.3
2,476.4
3,105.4
r
2,496.2
r
3,115.8
601.6
2,506.6
3,130.9
165.2
259.8
161.3
166.8
262.2
163.5
167.7
260.9
166.3
r
163.2
251.4
156.2
161.2
255.1
160.1
'62.1
65.8
580
576
62.9
69.6
67.8
59.1
63.7
62.6
150.4
150.5
150.6
152.1
155.6
162.0
167.5
171.9
175.1
177.6
176.2
172.2
175.4
175.8
176.7
395.9
298.2
8382
3789
394.2
302.6
8393
3880
388.9
295.7
8558
395.1
388.6
292.6
8674
397.9
392.0
291.7
8794
407.1
402.4
288.8
8845
411.2
415.1
286.3
8870
4169
433.7
286.9
8884
417.1
448.3
286.9
883.6
418,8
457.9
288.8
880.0
r
423.0
475.1
295.8
883.2
'423.2
'483.9
299.4
'884.0
r
419.4
491.8
299.4
879.5
424.9
5469
22802
28620
33949
5489
22928
2,878.8
34216
5515
2,308.4
2,901.0
34521
548.3
5538
5585
2,319.3 2,346.3 2,371 7
2,925.1 2,959.9 rr2,995.0
34735 '3 501 8 3 539 4
5627
2,398.9
r
3,020.5
35620
5694
2,421.0
3,041.0
35934
r
595.8
2,490.2
3,102.7 '3,113.6
606.0
2,513.4
3,136.0
1550
247.3
1394
2991
843.6
389.3
155.9
246.8
1410
2965
855.0
392.6
156.8
247.5
1422
2946
864.5
396.0
159.4
249.1
149.0
288.6
881.9
416.9
160.5
251.7
151.8
289.4
877.6
419.3
165.4
260.9
163.6
r
296.0
'888.6
'420.2
167.1
264.1
168.8
300.3
878.6
421.7
10,986
523
570
563
585
567
568
157.1
244.5
1418
292.6
872.7
405.2
157.9
246.8
1439
290.7
878.5
410.7
158.7
248.6
1460
288.6
885.6
416.2
r
460.3
290.2
879.4
r
423.8
r
463.8
291.8
880.8
r
426.0
r
581.6
572.1
574.9
2,429.3 2,427.3 r2,444.6
'3,075.7
3,055.6 '3,056.3
3,621.4 r3,624.3 3,642.3
161.3
251.9
153.6
288.6
878.6
'423.6
161.7
252.5
155.3
287.8
r
885.3
r
427.3
163.1
255.8
157.3
289.3
892.0
r
428.2
r
591.2
r
2,472.7
r
164.5
260.7
160.3
r
292.1
894.2
424.2
107,648
9760
1635
3015
13883
17 154
1870
84
379
25,670
2343
363
951
3586
3633
614
105
264
24,337
2482
309
493
2619
3854
482
713
394
22,587
1942
191
718
3179
4195
113
12
277
23,678
2,366
254
874
3,479
1,945
588
218
395
4,646
11,963
1209
3,280
1065
3181
899
1,822
1,021
2,592
8616
2,088
2345
1,899
1,694
4117
10575
843
1382
1 117
2612
1,032
2,202
1,132
2,873
20877
5537
4885
4,660
5,473
45102
10567
12143
10,987
10,906
89 066
59 613
22049
4215
85878
14442
5 513
7 517
1639
2162
45 119
6 717
5 279
1249
189
6717
882
580
785
68
97
3 608
8 864
6 633
1799
333
8765
2892
316
299
183
122
3 840
6 846
4 220
2221
155
6597
748
320
1 024
288
9
3480
10 149
7 321
1476
555
9352
3577
348
1 138
151
308
2 685
6 690
4 129
1907
654
6690
510
701
758
66
400
3 602
7 122
5 047
1984
91
7 123
1259
204
641
71
479
3952
7 402
4 382
2302
170
6854
1248
71
420
175
644
3 699
6 605
3310
3077
218
7 638
4061
2,917
461
9 563
10 543
r
8139
6440
2,587
387
r
5759
'3,023
609
4317
3,159
r
663
6605
1760
623
362
182
141
2802
7439
851
16
696
162
15
4 171
9,414
752
717
942
782
55
4603
9,391
1,955
r
!68
1319
r
333
269
r
4377
8,139
2,218
10,582
4,685
12,691
751
10,921
2,805
12,237
'5,054
453
389
605
225
3281
101 882
31068
6455
2,693
10096
2,520
8780
2,025
12678
1,999
13435
383
17 181
1041
5459
'707
7378
568
8,900
625
22470
22980
22810
22800
22330
22350
22470
22090
22970
23,230
23,900
24,300
25,260
25,220
7015
10215
6430
8125
6855
8,185
6690
8,315
6580
8,650
6700
8,420
7015
10,215
6,770
9,725
6680
9,840
6,780
10,155
6,910
9,230
6,865
9,230
7,300
10,115
7,000
9,700
47.9
46.1
48.4
47.7
46.9
47.2
48.0
50.9
50.3
49.6
51.3
53.6
55.3
6,982.29
534.20
593.47
495.72
651.67
625.38
689.39
640.78
700.85
876.17
864.36
625.60
813.58
54.6
844.56
52.9
713.33
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
methodological notes are as shown in
BUSINESS STATISTICS: 1982
September 1985
1985
1984
Annual
IJnils
1983
1984
July
Aug.
•*.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FINANCE—Continued
Bonds—Continued
Yields:
Domestic corporate (Moody's)
percent..
By rating:
Aaa
do
Aa
. do
A
do .
Baa . . . .
do
By 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 $
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 (105 Stocks)
do ....
Consumer goods (191 Stocks)
do....
Utilities (40 Stocks)
do ....
Transportation (20 Stocks) <>.. 1982=100...
Railroads (6 Stocks)
1941-43—10
Financial (40 Stocks)
1970—10
New York City banks (6 Stocks)
1941-43=10...
Banks outside NYC (10 Stocks)
do ....
Property-Casualty Insurance (5 Stocks)
do
N.Y. 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)
do
Transportation (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, NYSE, end of period:
Market value, all listed shares
bil $
Number of shares listed
millions.
12.78
' 13.49
14.32
13.78
13.56
'13.33
12.88
12.74
12.64
12.66
13.13
12.89
12.47
11.70
11.69
11.76
1204
1242
13 10
1355
'1271
1331
1374
14 19
1344
1412
1457
1515
1287
1347
14 13
1463
1266
1327
1394
1435
'1263
1311
1361
1394
1229
1266
13.09
1348
1213
1250
1292
1340
1208
1243
12.80
1326
1213
12.49
12.80
1323
1256
12.91
13.36
1369
12.23
12.69
13.14
1351
11.72
12.30
12.70
13.15
10.94
11.46
11.98
12.40
10.97
11.42
11.92
12.43
11.05
11.47
12.00
12.50
1225
1331
12.08
1321
'1403
13.07
1409
1492
1360
1361
1429
1382
1342
1404
13.68
1310
13.68
13.44
1261
1315
13.02
1251
12.96
12.69
1241
1288
12.62
12.32
13.00
12.38
1260
13.66
12.57
12.37
13.42
12.60
12.04
12.89
12.39
11.48
11.91
11.81
11.49
11.88
11.63
11.57
11.93
11.56
952
1012
992
1017
1015
1011
1004
9.87
9.37
9.71
9.75
9.37
8.81
8.80
9.01
9.09
9.79
11.78
9.48
11.42
9.08
10.96
8.78
10.36
8.90
10.51
9.18
10.59
1015
11.99
948
10.84
47224
1 190 34
129.98
54461
1055
12.82
1003
12.23
1
1017
11.97
1034
11.66
1027
11.25
1004
11.21
9.55
11.15
9.66
11.35
549.77
523.56 542.53 557.59
514.75
513.03
50153 522.80
46310
43258 47005 47211 47453 480.59 47854
1,178 48 1 113 27 1 212 82 1,213.51 1,199.30 1,211.30 1,188.96 1,238.16 1,283.23 1,268.83 1,266.36 1,279.40 1,314.00 1,343.17 1,326.18
157.30
163.87
164.29
154.96
159.92
147.89
149.78
148.97
132.83
140.84
144.75 146.16
131.77
128.23
124.79
683.94
590.59 611.86 648.66 685.75
608.40
51618 52336 52892 53964
46374
58495 626.64
51385
51786
160.41
180.49
171.62
150.77
64.87
147.05
10846
1870
160.46
181.26
171.84
150.87
67.98
136.77
10140
1699
151.08
171.70
160.02
145.42
64.66
122.04
9053
1466
164.42
186.86
175.77
155.47
68.11
138.37
10083
1665
166.11
188.10
178.04
157.28
69.71
138.71
10303
1743
164.82
185.44
174.36
155.92
72.02
137.90
10135
1762
166.27
186.57
175.37
158.34
73.58
137.99
10147
1810
164.48
183.62
170.86
157.41
74.43
139.40
10216
1827
171.61
191.64
180.57
163.71
75.83
150.95
11165
1949
180.88
202.13
192.22
171.99
78.14
160.52
12018
2109
179.42
200.42
184.17
174.01
78.89
154.61
11415
20.61
180.62
201.13
182.94
177.40
81.25
152.12
113.56
2100
184.90
204.83
184.43
178.55
83.60
159.45
117.19
2249
188.89
208.50
183.59
188.71
86.90
167.10
121.48
23.04
192.54
212.90
190.61
190.30
87.22
177.97
130.00
23.19
188.31
209.40
189.60
185.93
83.21
174.45
125.85
22.07
69.23
113.16
63.82
95.21
53.75
80.23
60.23
86.67
64.64
92.49
64.79
93.27
66.78
95.30
70.43
93.52
76.05
98.85
83.13
104.71
79.70
101.00
83.55
101.61
87.14
107.04
89.24
107.43
90.93
106.55
85.57
100.10
181.16
181.26
154.96
172.50
184.11
184.36
187.20
193.45
201.81
226.67
222.55
230.30
254.56
259.92
257.13
250.40
9263
10745
8936
4700
9534
9246
10801
8563
4644
8928
8708
10229
7672
4417
7903
9449
111 20
8686
4649
8792
95.68
11218
8688
4747
91.59
95.09
11044
8682
4902
9294
95.85
11091
8737
4993
95.28
94.85
10905
8800
5058
95.29
99.11
11399
9488
5195
101.34
104.73
12071
10176
5344
109.58
103.92
11964
9830
53.91
107.59
104.66
11993
9647
55.51
109.39
107.00
12188
99.66
57.32
115.31
109.52
124.11
105.79
59.61
118.47
111.64
126.94
111.67
59.68
119.85
109.09
124.92
109.92
56.99
114.68
440
404
924
285
479
11.02
4 64
405
948
3 22
535
11.62
4 93
429
996
3 55
615
12.13
4 62
401
953
3 30
550
11.77
4 54
396
931
325
526
11.65
462
405
903
3 26
515
11.62
4 61
407
885
3 26
498
11.36
4 68
415
876
3 24
496
11.59
4 51
399
860
306
469
11.13
430
380
8.35
292
432
10.88
4 37
3.87
8.37
306
447
10.97
437
3.87
8.31
309
441
10.75
431
3^84
8.14
302
4.15
10.60
421
3.75
7.84
4 14
3.67
7.84
285
267
4.04
10.05
4.02
9.92
74 500
2515
91876
3005
84 947 104,175
r
2,610
3,205
97,060
2,875
106,150
3,208
957 139
30,146
r
959 207
30456
62250
2124
106 265
3404
69035
2215
r
85 527
2718
81255
2375
r
815 113
r
r
69759
r
822 714
53367
91828
58945
24253
25150
1758
2848
1817
2265
1938
21590
23071
1662
2528
1769
2109
1758
73 620
103 355 101
193
r
3116
3266
77 145
88232
2048
2432
2666
1781
2674
2194
63 182
r
85 371
r
r
r
72 354
2497
2094
2,154
1,982
r
83,238
91,129
2,641
2,373
2,653
2,350
2,117
2,463
89,154
r
Egypt
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New
Guinea
Japan
See footnotes at end of tables.
mil $ 200,537.7 217,888 1 18 363 4 17 311 7 17 601 1 18,611 5 18 175 0 19 135 7 18,672 9 17,143.3 20,330.0 17,972.5 18,337.2 18,012.0 16,726.4
do .... 200,485.8 217,865.2 18,361.1 17,309 6 17,599.4 18,609.4 18,174.1 19,135.3 18,672.3 17,141.8 20,328.4 17,969.9 18,336.5 18,010.1 16,725.2
do
19 153 9 18 122 9 18 209 9 18,410 9 18 394 7 19 142 4 19 401 3 17,853.3 18,446.4 17,778.9 17,414.3 17,437.8 17,411.5
.
87677
63 813 4
48265
58 871 0
38 245 3
15,204 8
10,520.0
88266
64*5326
57445
62*207 1
46 526 2
18 632 6
11,049.8
794 9
58580
551 7
48999
36891
15799
9857
727 6
52781
3858
46199
37123
16151
9488
8854
49149
5237
5091 1
36456
1 5384
944.1
6307
52574
512 5
54094
40208
17451
9951
621 0
53259
554 0
51975
39444
15425
9476
7839
60074
3925
56590
34951
17098
10264
617 4
56874
7026
53469
37797
16705
8505
6993
47372
4326
51496
37067
15920
8249
7763
5 991.3
5086
61006
42462
1,764 9
941.6
6345
4,829.0
5168
51289
41720
1787 1
865.0
7548
5,088.0
5065
51692
44679
1,398.8
914.6
662.2
5,043.4
4130
4,559.2
4,573.9
1,859.9
877.9
5761
5,150.9
6898
4,234 5
3,721.2
1,353.8
985.8
do
28128
21294
27042
22652
2498
2154
2964
1776
3106
151 0
2045
1518
1681
1448
1759
1421
170 2
1473
2785
935
2378
1412
1942
919
2495
1056
1843
958
181 1
939
do
do
40379
21,894 3
48458
23,575 0
4700
21582
3202
19063
4563
1,767 6
4325
1 872.3
4798
21437
3180
21422
5988
21000
3647
18236
4339
23287
4465
17327
4426
18145
3539
1,750.6
6020
1,845 2
do
do
do
do
do
do
do. ..
(Jo
1,924
1 584 16 1 586 10 1 439 12 1 589 04 1 585 23 1 582 58 1 552 51 1 586 10 1 705 61 1 721 93 171616 1,709 41 1,804.24 1,812.38 1,800.46 1,778.90
51,493
50,971 51,361
49,360 49,485 49,756 49,921 50,128
45,118
49,092
49,092
48,828 48,892 48,915
48,515 48,806
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl. reexports,
total ©
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe . . . .
Northern North America
Southern North America
South America
By leading countries:
Africa:
10.15
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-17
SURVEY OF CURRENT BUSINESS
September 1985
.,,
IT
Llnus
1983
1985
1984
Annual
1984
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
Europe:
France
mil $
German Democratic Republic
do
Federal Republic of Germany
do
Italy.:..
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
Latin American Republics,
total #
do
Brazil
do
Mexico
do
Venezuela
do
Exports of U.S. merchandise, total §
do. .
Excluding military grant-aid
do
Agricultural products total
do
Nonagricultural products total
do
By commodity groups and principal
commodities:
Food and live animals #
mil $
Beverages and tobacco
..
do
Crude materials, inedible, exc.
fuels #
do
Mineral fuels lubricant^ etc #
do
Oils and fats, animal and vegetable ...
do
Chemicals
do
Manufactured goods #
do
Machinery and transport equipment,
total
mil $
Machinery total #
do
Transport equipment total
do
Motor vehicles and parts. .
do
VALUE OF IMPORTS
General imports total
do
Seasonally adjusted
do ....
By geographic regions:
Africa
do
Asia
do
Australia and Oceania
do....
Europe
do
Northern North America
do
Southern North America . . . .
do
South America
do
By leading countries:
Africa:
Egypt..
do
Republic of South Africa
do ....
Asia; Australia and Oceania:
Australia, including New
Guinea . . .
mil $
Japan
do
Europe:
France
do
German Democratic Republic
do....
Federal Republic of Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
Latin American Republics,
total #
do
Brazil
,
do
Mexico
do
Venezuela
do
By commodity groups and principal
commodities:
Agricultural products, total
mil. $..
Nonagricultural products, total
do
Food and live animals #
do....
Beverages and tobacco.
do
Crude materials, inedible, exc.
fuels #
do
Mineral fuels, lubricants, etc
do ....
Petroleum and products
do ....
Oils and fats, animal and vegetable
do
Chemicals
do..
Manufactured goods #
do ....
Machinery
and
transport
equipment
. do
Machinery, total #
do....
Transport equipment
.....do....
Motor vehicles and parts
do
See footnotes at end of tables.
484-873 O - 85 - S2
59613
1390
87367
3 907 5
60367
*1369
9083 6
4 3749
487 7
134
730 1
3355
20029
10 621 2
32839
12 209 7
1173
9707
38 244 1 46 524 3
36889
467 5
72
644 6
324 9
464 0
61
7254
3262
536 5
70
759 0
3139
4806
121
831 9
3028
494 1
208
744 2
4347
5489
149
792 6
393 5
483 2
128
777 8
3813
611 3
1i
923 1
4402
4877
'9
758 7
4872
566 3
31
767 5
4769
4653
'5
743 2
3513
407 1
40
6381
3547
3618
2606
1 021 4 1 0384
3183
1 2057
3838
9799
4265
1 0360
3486
1 0324
3150
974 6
3242
1 410 2
3089
963 9
2957
9352
778
8549
43.8
8314
37122
40207
39443
34950
37796
37066
41717
44675
45705
3 720.9
36455
22 618 4 26 301 7 22946 2 284 1 21723 24407 2 2004 2404 0 2241 6 21833
2557 1
'2530
2610
2774
*2258
26397
2370
2317
*2658
2557
90816 11 992 1 10153 10548
9575 1 1537 10063 1 1225 1 1354 1 117 1
28113
33772
3055
2392
293 1
2820
2917
3308
2444
2577
195 969 4 212 057 1 17 884 3 16 853 9 17 100 0 18 086 1 17 637 3 18 616 1 18 123 6 16 647 6
195 917 5 212 034 2 17 882 0 16 851 8 17 098 3 18 084 0 17 636 4 18 615 7 18 123 0 16 646 1
36 107 7 37 813 9 2688 3 2 586 7 29164 28607 3 527 6 3 5654 3 1423 29901
159 861 6 174 243 2 15 196 0 14 267 2 14 183 6 15 225 4 14*109 7 15 050 7 14 981 3 13 657 5
1
42462
24470 2403 1 20536 25136 20458
2234
2108
2434
2374
2596
820.3
8633 13773
12609 12367
334.7
3403
2788
2753
2502
19 765 0 17 491 5 17 816 0 17 432 6 16,172.2
19 763 4 17 488 9 17 815 3 17 430 7 16 171 0
28010 27028 2 H 0 5 20542 18016
16 964 0 14 788 7 15 705 5 15 378 4 14 370 5
24 166 0
28130
24 462 6
28494
19767
1779
23551
231 1
2011 4
3250
2 1002
4053
20992
3135
19372
2238
17320
2632
14891
1249
14454
1590
18 596 0
94999
20 248 9
93105
1 473 8 1 376 3 1 211 1
7648
8776
8196
1 3960
757 1
1 827 1 1 956 8
*7123
9728
1 7290
8043
1 634 5 1 676 2 1 594 5 1 317 2 12844
8372
7078
7384
7855
7539
1 1413
7599
14590
19 750 9
14 852 0
1 9222
22 336 3
15 139 9
168 8
20543
12463
111 9
18874
12596
1438
18646
1*244 8
1394
1947 1
12777
1313
1064
1297
107 6
1553
167 2
137 5
1604
131 4
1 758 3 1 837 4 1 937 1 1 817 8 1 958 1 1 767 6 1 882 6 1 777 4 17806
1*191 6 1 1851 12160 1*1023 12893 12393 12271 12798 1 1190
82 577 8
54 308 5
28 269 3
14 462 8
89 972 7
60*3175
29*655 2
17 547 9
76293
50836
25457
13454
6855 1
49059
19492
12416
72148
4*8197
2*395 1
13937
79350
55043
24307
14708
7 4706
4*8143
26563
1 5688
1 9853
1460
79738
50390
29349
13795
7 9866
51918
27948
15433
7 1269
4*581 9
25450
1 5482
16948
2786
9468 7
58773
35914
17685
16653
2472
7 964 5
4954 9
30096
17762
14550
1475
8 5554
53445
32109
18199
83576
52340
31236
1841 1
74148
46655
27494
14198
258 047 8 325 725 7 31 565 1 27 042 6 27 852 6 27 530 0 27 295 6 24 362 6 28 835 8 25 941 2 28 724 7 28 571 7 29 302 1 30 135 5 27 000 3
31 334 0 26,866 3 28,409 4 26,782 7 27 331 3 25*933 1 28 296 9 27*9847 28 129 2 28 295 3 286848 29,424 8 26,630.2
1
14
1
424 6
91 463 5
'3,043.5
1 55 243 0
1
55 149 6
1
25 731 0
1
15 991 9
14 354 9 12314
120 132 2 13 038 3
35580
3720
73 306 7 72788
66 496 3 5 403 3
26 833 7 22993
21 043 0 1 941 9
12008 1 1642
10 680 8 10 509 8
2878
2782
60997 63059
4 914 2 55878
21284 21360
1 730 8 1 870 6
1 1864
10 702 2
3794
56495
5 591 1
22484
1 772 9
8618
82944
2955
5718 5
5527 1
19859
1 679 4
8314
11 359 2
3579
70020
5319 8
20758
1 889 7
17
1349
67
1402
50
2215
29
1535
40
187.4
14 1
152.6
31 0
1603
24
182.9
2207
291 7
4 150 1 59688
1688
47998
2102
57249
2237
59310
2238
5 719 2
2495
58241
3647
54183
J
3027
2,027.3
1695
2,487 7
394
2049
69
1844
27 6
187.9
52
1356
122
1700
1
2 247 5
Ml 1832
2702 8
57 135 0
274 8
62596
214 0
50846
207 6
4940 1
299 2
50750
271 1
4 5882
1
9127
12092 1208 1 1 1593
10 660 4 109483 11 091 8 10,558 7
451.0
3243
3140
3263
64453 72362 73152 62740
59775 60424 62924 50741
24621 18681 23134 22319
1 4909 1 6850 1 639 1 1 497 8
10255
96370
3358
6 418 3
6003 5
22357
1 639 6
8893
6467
96568 10 935 2
2355
2865
5736 8 6754 5
5 548 9 60756
2*2123 2*2668
1 661 6 1 759 3
1
i e 025 0
'58.1
12 695 3
1
5 455 3
8 113 0
943 9
1489
150
16 995 9 1 423 8
79345
8200
712 9
771 5
129
159
1 270 4 1 5937
781 3
7712
5559
546 6
6624
686 4
909 2
133
209
139
198
168
1
4265
1 316 5 1 467 5 1 325 8 1 836 8
6786
678 0
5974
6284
7597
7620
101
17746
8361
7452
116
16900
7673
1 0459
67
16564
8072
8518
4.6
16806
8168
6702
5.2
14801
7726
1
'3465
12 469 6
5542
14 491 6
24 1
14764
806
1 1654
459
1 1447
43 1
12319
64 6
1 3209
73 0
1 153 1
393
1 141 0
47 4
10374
28 3
1029 1
261
10982
460
12426
566
14472
251
12971
52 129 7
66 478 1
54025
4913 8
5 585 8 5 591 0 6001 5
5 525 9
5319 1
5 548 5 60753
59762
6041 7
62918
50731
3 778 5 3399 1 3 5589 3 603 3 3429 4 3 274 1 3 4854 3427 2 3741 3 3 715 1 3 3140 36802
'6501
6297
747 8
6339
515 5
7268
682 3
6254
664 8
723 4
751 5
658 1
1 560 7 1 410 4 1 465 3 1 580 8 1 557 5 1 350 9 1 303 3 1 501 6 1 698 2 1 937 0 1 327 5 1 719 6
568 3
507 0
580 1
574 2
507 1
470 3
502 8
535 8
506 3
481 6
466 3
544 2
34487
5549
1 7080
4304
1
1
35
682 9 42 340 6
1
4 946 1 76210
1 16 776 i 18 020 0
1 4 938 l
65428
1
1
16 534 1 19 765 5 18164 15847 16288 16848 1 4838 15361 1 796 5 17013 19699 16648 17267 16943 14381
241 513 7 305 960 3 29 748 7 25 457 9 26 223 8 25 845 2 25811 8 22 826 6 27 039 3 24 239 9 26 754 9 26 906 9 27 575 4 28 441 3 25 562 1
15,411.7 17,972.8 1,629.6 1,411.1 1,496.0 1,609 9 1,356 8 14407 1,647.5 1,570 4 1,868 2 1,520 3 1,583.4 1,565.1 1,364.4
1
2467
3 407 6
3 653 4
3727
2998
259 5
3360
347 2
2767
306 5
314 3
348 4
2832
278 0
2849
1
'95901
2
52,325.2
11 081 7
60 979 8
55,906.1
9987
54342
5,123.1
8681
48860
4,579.9
1 014 4 8670
46634 51680
4,333.3 4,788 3
8947
52072
47950
8559
46719
4 1046
8662
8420
4 434 1 39885
39729 35227
9767
3351 1
29337
8509
48758
44526
8897
47482
44147
9154
50878
4,750 2
8738
41464
3 839.5
'4950
10,779 4
34,833.1
6960
13 697 4
46 144 7
483
12703
4601 1
691
10927
3,949 2
648
12548
40326
662
10819
3,832 1
563
1 1130
38350
580
1 131 7
3341 8
67 5
1 1434
40065
51 6
1 1403
36129
54 8
13187
4,121 7
45 5
1 1174
36769
617
14473
38005
508
13732
4,065.1
650
10854
3,600.8
98167 10 302 1 10 144 6
60077 6,141.8 6,022 4
3,809.0 4,160.3 4,122.3
34108 36653 37368
98821
57002
4,181 9
38283
89164 11 655 9 10 047 5 11 731 4 11 848 6 11 6322 11 922 1 10 300 2
50220 66587 54483 67113 65563 60910 6 186.2 5,765.3
3,894.3 4,997.2 4,599.3 5,020 0 52922 5,541.2 5,735.9 4,534.8
34779 44122 42040 45019 46627 48224 51445 40947
1
57,952
1
1
1
1
86 1311
1
46,974.9
1
119 191 7 11 631 0
68,389 9 7,225 7
39,156.2 50,801.8 4,405.3
' 35 034 1 45 412 2 37972
Aug.
S-18
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
IT .,
unils
Annual
1983
September 1985
1985
1984
1984
Aug.
July
Sept.
Oct.
Nov.
Apr.
Mar.
Feb.
Jan.
Dec.
Aug.
July
June
May
FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1977 — 100
Quantity
do
Value
do
General imports:
Unit value . .
do
Quantity
do
Value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous sh tons
Value
mil. $..
154 1
1078
1662
1562
1151
1798
157 1
1158
1820
156 0
1099
1715
1563
111 3
1740
156 5
1176
1841
1548
1159
1795
1547
1225
1895
156 3
1180
184 4
157 4
1077
1694
1574
1278
2012
1564
1138
1780
1576
1150
1813
1575
1126
1774
1564
1052
1646
1606
1103
177 1
1635
1367
2235
164 1
1584
2599
164 5
1353
2227
164 6
1393
2294
164 8
1376
2267
163 7
1373
2248
163 0
1224
1996
1604
148 0
2375
160 2
1333
2136
1596
1482
2365
1592
1478
2353
1601
1506
2412
1584
1567
2482
1584
1404
222.3
361 404 374 689
100 651 101 803
32127
8497
31630
8099
34130
8216
29794
8259
31498
8534
34648
9186
32092
8333
28196
7655
28864
8231
28950
7853
39016
19,183
35268
16,477
34778
16,362
34889
16,179
33924
15,230
31730
13,920
34255
17*597
28169
14,951
26394
16,458
32949
16,968
1
366 426
1
413 092
155,311 191,113
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue)
bil
Passenger-load factor
percent
Ton-miles (revenue), total
mil
Operating revenues (quarterly) # §
mil $
Passenger revenues .
do
Cargo revenues
do
Mail revenues
do
Operating expenses (quarterly) §
do
Net income after taxes (quarterly) §
do
Domestic operations:
Passenger-miles (revenue)
bil
Cargo ton-miles
mil
Mail ton-miles. ...
do
Operating revenues (quarterly) §
mil $
Operating expenses (quarterly) §
do
Net income after taxes (quarterly) §
do .
International operations:
Passenger-miles (revenue)
bil
Cargo ton-miles
mil
Mail ton-miles
do .
Operating revenues (quarterly) §
mil. $ .
Operating expenses (quarterly) §
do....
Net income after taxes (quarterly) §
do
Urban Transit Systems
Passengers carried, total
mil
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 ..
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight,
seas, adj
1967=100..
Class I Railroads *
Financial operations, quarterly (AAR),
excluding Amtrak: @
Operating revenues, total #
mil. $ .
Freight
.
do
Passenger, excl. Amtrak
do...
Operating expenses. . .
do
Net railway operating income
do.
Ordinary income t
do
Traffic:
Revenue ton-miles, qtrly (AAR)
bil.
Price index for railroad freight
12/84 = 100...
Travel
Lodging industry:
Restaurant sales index.... same month 1967 — 100.,
Hotels: Average room sale A
dollars
Rooms occupied
% of total..
Motor hotels: Average room sale ()
dollars ..
Rooms occupied
% of totalEconomy hotels:* Average room
sale ^
dollars
Rooms occupied *
% of total.
Foreign travel:
U.S. citizens: Arrivals (quarterly)
thous .
Departures (quarterly)
do...
Aliens: Arrivals (quarterly)
do...
Departures (quarterly)
do
Passports issued
do .
National parks, recreation visits # #
do...
See footnotes at end of tables.
281 83
*607
35756
38593
32728
2654
668
38231
292
2
304 46
592
2
38 615
2
43790
2
36
978
2
2 952
2
100
16382
2
164
135.9
26,732
25836
107
24971
1,762
1 233
2486
581
3211
2347
573
3056
2466
574
3159
10766
9048
756
199
10425
75
23 46
552
2905
21 81
566
2746
2826
674
3446
2739
637
3332
2872
650
3486
2997
706
3606
292
85
2327
310
93
1869
286
88
1986
307
96
1936
290
97
2024
260
134
8827
8518
59
1924
229
96
1831
230
93
2404
264
108
2278
252
99
2293
260
99
2304
253
92
9154
8585
212
630
268
35
669
260
35
572
258
33
2378
2,066
222
500
285
37
412
275
46
442
242
57
1840
1814
8
422
200
34
350
212
32
422
213
35
461
210
33
579
221
34
693
230
34
8030
614
670
636
731
679
653
656
646
719
713
701
652
641
137.5
136.4
'133.1
"130.8
100
100
17 413
4421
100
4587
100
4089
412
108
112
34
161
40
41
35
144.0
2
579
3 103
11680
9894
6136
2999
457
2
7872
2
7,378
287
143.9
145.0
29,459
28 478
101
25804
2
3655
2659
8283
95.0
9218
99.3
3
202
6451
3
213
6901
64
42.30
66
2163
2
353
24 41
666
164
10776
449
705
2
7859
2996
654
3693
412 662
747
22691 a 2243 10
3385
3 553
1065
1 159
2
31014
35 373
31 186 2 33 787
2
644
416
5492
2708
415
7,163
6,693
314
2793
619
3472
66
45.75
66
2869
65
2990
65
12,010
12,258
8,831
7467
4,152
49,328
14,242
13,909
8,970
7698
4,696
49,015
141.8
144.7
147.0
141.1
144.3
136.5
7048
5809
25
6363
685
488
7,415
7 167
25
6352
731
769
r
100.0
100.0
223.4
99.9
201
7146
64
4776
63
234
7193
203
71 62
247
7145
227
6819
4815
68
4693
67
69
4754
67
48 14
2906
51
29 27
58
30 18
3007
64
30 11
3095
75
14 129
4
661
4
4
926
4
871
4
566
4
4
1 199
4
14 151
719
4
400
415
2340
99.4
99.9
99.9
2217
100.0
100.0
100.0
219
6530
66
46.74
73
203
6748
68
47.44
73
215
6773
68
4581
66
222
7375
74
4666
68
207
7208
64
4511
59
217
6676
51
4505
49
169
7167
56
4549
55
3210
3023
79
2996
67
30 16
70
29 85
60
29 90
47
394
9,044
4556
4,150
2,824
2438
275
5,871
269
1,935
3 129
3108
2,079
1 857
265
1,348
298
3,938
4
r
2205
100.0
99.4
442
9,379
7,068
6,840
26
6,154
646
640
7,002
6774
25
6381
390
418
99.4
72
138.9
951
608
1 179
444
1237
69
71
65
521
605
1916
4
4
1 194
14 146
660
4
592
628
2793
64.6
99.8
4
86.9
99.8
69
71
66
552
4007
4
r
r
480
6820
r
461
9320
353
9020
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-19
SURVEY OF CURRENT BUSINESS
September 1985
,, .,
1984
1983
1985
1984
Annual
Oct.
Sept.
Aug.
July
Nov.
Jan.
Dec.
July
June
May
Apr.
Mar.
Feb.
TRANSPORTATION AND COMMUNICATION—Continued
COMMUNICATION
Telephone carriers:
Operating revenues #
Q
6
Net operating revenues (before
taxes)
78,092
33,090
28,031
53,095
12,797
134.4
2
67,625
2
28,322
2
10,353
2
44,435
2
12,206
5,606
2,367
924
3,705
990
5,762
2,414
825
3,716
1,062
5,487
2,326
726
3,551
1,034
5,629
2,381
713
3,748
1,024
6,048
2,543
748
3,998
1,081
5,772
2,368
790
3,930
931
5,903
2,417
674
3,810
1,071
5,725
2,216
631
3,657
1,069
5,766
2,464
662
3,891
972
• <P-
1,482.7
1,259.4
1,382.9
1,227.6
116.5
110.9
119.7
103.4
111.8
97.1
120.3
101.6
114.3
99.6
118.3
133.4
116.8
103.0
109.8
92.1
117.9
100.8
do....
142.2
-.7
9.3
8.1
11.2
7.8
-25.9
6.8
9.3
10.4
77
882
227
35
938
52
67
82
848
212
32
880
63
72
74
829
226
27
875
68
74
90
908
263
32
954
57
85
mil $
Tolls message
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service, end of period
Telegraph carriers, domestic and overseas: @
do
do....
do....
mil..
67.7
5,965
2,490
658
3,874
1,131
6,016
2,505
690
3,985
1,030
81
926
235
34
975
53
92
85
r
927
'246
32
r
963
66
101
85
929
249
33
935
63
101
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% AbO3) $
thous. sh. tons ..
Chlorine gas (100% Cla) t
do
Hydrochloric acid (100% HC1) $
do
Phosphorus elemental
do
Sodium hydroxide (100% NaOH) t
do
Sodium silicate anhydrous $
do
Sodium sulfate anhydrous $
do
Sodium tripolyphosphate
(100% NasPaOio) £
do
Titanium dioxide (composite and
pure) $
do
Sulfur, native (Frasch) and recovered:
Production
thous met 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) $
do....
Nitrogen solutions (100% N) $
do....
Phosphoric acid (100% P2O5) $
do....
Sulfuric acid (100% H2SO4) $
do....
Superphosphate and other phosphatic
fertilizers (gross weight):
Production
thous. sh. tons ..
Stocks, end of period $
. . do
Potash sales (KzO)
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 t
Production:
Acetylene
mil cu ft
85
832
213
31
901
62
70
60
52
65
58
53
52
48
57
52
54
48
62
72
63
73
62
62
62
63
68
67
73
111
2,782
779
2,605
787
2,525
817
2,521
826
2,513
860
2,434
834
2,419
765
2,451
839
2,483
843
2,422
887
2,420
848
'2,456
912
2,521
1,169
1,306
1,288
1,370
1,436
1,484
1,462
1,359
1,485
1,463
1,460
1,407
1,312
607
159
682
246
847
'3,324
556
175
613
202
841
3,321
1,079
10,724
2,866
383
11,224
750
872
95
892
236
32
931
50
70
97
878
242
27
919
61
72
669
673
48
760
799
66
8,156
3,218
'9,407
2,434
14,072
16,192
1
78
847
210
33
888
60
76
6,240
1,956
6,968
2,198
9,767
37,459
7,005
2,061
8,041
3,345
11,111
41,802
562
153
660
308
869
3,409
508
164
600
277
954
3,583
551
177
649
277
958
3,445
590
189
654
315
996
3,601
578
177
660
264
979
3,364
602
166
681
248
978
3,590
624
171
681
240
888
3,311
552
163
627
215
860
3,127
644
186
708
291
996
3,553
628
172
698
290
968
3,540
665
195
720
288
914
3,350
15,774
844
6,273
22,832
1,982
14,837
804
17,363
1,179
6,195
24,703
2,313
13,680
1,044
1,428
812
297
2,342
239
1,115
85
1,506
821
836
2,425
163
1,375
129
1,488
840
624
2,118
180
1,183
60
1,513
914
426
1,789
120
1,062
69
1,469
1,243
374
1,859
235
869
73
1,412
1,179
598
1,557
220
676
102
1,396
1,076
630
3,141
222
1,418
145
1,329
1,117
437
2,039
155
1,058
82
1,476
991
449
2,487
321
1,318
98
1,456
704
760
1,714
252
892
52
1,447
773
692
2,264
199
1,233
125
'1,318
'961
320
1,537
58
1,002
95
1,325
924
"227
6
(6)
( 6)
()
(6)
347
285
7,875
97
532
363
8,639
122
19
17
409
13
48
36
966
11
62
26
876
(3)
32
13
745
14
22
18
424
(3)
31
15
692
4
48
18
622
12
41
44
839
30
56
70
738
36
77
56
897
20
40
28
1,045
3
()
67
30
642
7
23
12
399
14
3,737
100,253
559,863
342,723
4,855
109,059
601,206
375,476
449
9,102
49,032
31,459
371
8,698
49,208
30,003
377
8,300
49,418
28,320
347
8,383
52,791
30,196
401
7,862
52,885
29,134
394
9,930
52,047
28,676
374
7,903
52,460
29,888
384
8,582
50,821
27,811
402
9,243
54,601
33,724
382
8,923
52,172
32,650
r
400
'9,415
'52,791
'31,976
385
8,864
51,981
26,597
2.8
6.2
16.1
470.0
24.9
105.1
60.4
1.9
6.1
14.9
460.4
24.2
94.5
77.6
3.3
8,5
16.1
510.0
24.1
101.3
82.6
2.8
7.2
16.8
491.6
26.7
95.3
65.3
1.7
7.2
14.4
444.4
30.2
95.5
57.1
2.1
16.8
449.8
22.2
92.2
62.9
28.5
25.4
48.4
80.5
48.3
72.3
51.8
74.2
60.5
99.8
50.4
101.1
63.7
132.5
64 1
123.8
45.0
128.2
31.4
27.1
3.8
15.1
29.4
26.^
5.0
12.5
28.2
29.8
4.5
10.9
44.8
38.7
10.1
16.4
39.1
44.1
16.2
15.7
Nitrogen (high and low purity)
do....
Oxygen (high and low purity)
do....
Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
mil. lb..
'30.7
'30.9
1
Creosote oil
. .
mil gal
'86.0
75.6
1
Ethyl acetate (85%)
mil. lb..
213.0
' 193.5
Formaldehyde (37% HCHO)
do
'5,464.9 '5,712.2
Glycerin, refined, all grades
do.... 1 265.4
302.7
Methanol synthetic
mil gal
1,202.1 '1,247.0
Phthalic anhydride
mil. lb..
'869.4
'838.3
ALCOHOL
Ethyl alcohol and spirits:
Production
mil. tax gal ..
'698.5
631.2
Stocks end of period
do
78.6
132.5
Denatured alcohol:
Production
mil wine gal
354.4
415.1
Consumption (withdrawals)
do....
356.7
408.2
For fuel use *
do
65.8
114.5
Stocks end of period
do
24.5
6.6
See footnotes at end of tables.
81
904
237
32
940
57
75
1,103
9,864
2,420
366
10,039
728
914
47.6
44.6
18.7
24.5
r5
76
5
18.8
5
41.5
40.0
14.4
28.0
30.4
31.6
12.1
25.1
' 47.3
5
1,428.7
22.5
5
2180
5
208.5
60.5
126.6
38.2
43.1
15.2
20.2
28.3
55.6
130.7
57.1
53.3
20.9
23.9
26.7
7.2
19.2
53.4
14974
'26.2
225.9
222.8
28.8
Aug.
S-20
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
Annual
.,
IT us
1983
September 1985
1985
1984
1984
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
mil Ib
Polyethylene and copolymers
do
Polypropylene
do
Polystyrene and copolymers
do. ..
Polyvinyl chloride and copolymers
do ....
PAINTS, VARNISH, AND LACQUER <>
Total shipments
mil $
Architectural coatings
do
Product coatings (OEM)
do
Special purpose coatings
do ....
1
1
1 459 6 1 1 470 5
1093
14 045 3 7 114 621 9 12173
4
960
7
361
4
7
58614
4749
6,256.1 1 6,957.6
457.1
1
4,456 9
1
6,254 0
1
78438
3321 3
29074
1,615.1
88732
34759
34964
1,900.9
7894
3338
284 8
170.8
1183
1200
1 164 1 12306
5005
5016
4870
5202
554.6
544.6
8381
347 1
304 8
186.2
7497
2861
296 2
167.3
1305
1156
1 233 1 12312
4547
3974
5013
4473
586.0
596.5
7710
2804
319 9
170.7
6385
2138
279 4
145.3
r4
3587
r4
3730 1
r4
1
213 4
r4
1,354.4
r4
1123
10492
4132
4588
636.2
5713
1908
253 3
127.2
3710
3,862.1
1,301.1
1,496.9
1,721.5
1,749.2
6892
2227
310 0
156.4
6858
2335
2898
162.6
8239
3194
3070
197.5
9433 1011
4
r
441.6
3885
r
3334
3368
221.4
'233.0
227 733
200 235
27498
198 121
172 240
25880
194 707
170 123
24583
184 740 196,635
160 371 170 220
24370 26415
959.2
411.0
3233
225.0
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities, total
mil kw-hr 2 310 285 2 416 304 221 245 229 296
By fuels
do
1 978 154 2 095 154 193 750 204 159
By waterpower
do
27495 25 137
332 130 321 150
Sales to ultimate customers, total (Edison
1
Electric Institute) $
mil kw -hr 2 157 598 21 279 923
Commercial §
do
546 252 578 163
Industrial §
do
780 020 1 837 gel
1
Railways and railroads
do
4296
4 412
Residential or domestic
do
750 850 1 111 421
Street and highway lighting
do
14053 11 14 155
Other public authorities
do
56,720
62,076
1
Interdepartmental
do
5407
6 036
Revenue from sales to ultimate customers
1
1
(Edison Electric Institute) $
mil $
129 507
142 201
GAS t
Total utility gas, quarterly
(American Gas Association):
Customers end of period total
thous
49651
48948
Residential
do
45035
45637
Commercial
do
3685
3785
Industrial
do
181
182
Other
do
47
47
Sales to customers, total
tril Btu
12859
13170
Residential
do
4450
4615
Commercial
do
2379
2298
Industrial
do
6036
5970
Other
do
141
140
Revenue from sales to customers, total
mil $
65837
67463
Residential
do
27397
26 173
Commercial
do
13 162
12659
Industrial
do
26237
26315
Other
do ....
667
690
195 198 190 936
174 287 170,050
20911 20887
190 380 199 996
168 121 174,162
22259 25834
614 853
162 258
216 833
875
212 708
3277
16,785
2118
544 971
139,962
205 189
1 119
178 232
3560
15,465
1443
588 112
145,282
201 548
1232
219 084
3,660
16,015
1291
40,309
34,287
36,427
48958
45044
3686
182
47
2181
380
273
1 508
20
49651
45637
3785
182
47
3215
1 140
593
1,446
35
50272
46153
3887
184
48
4761
2166
1037
1,504
54
10837
2651
1 538
6 558
' 89
16652
6869
3313
6299
170
24914
12474
5,699
6490
252
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 4£
mil wine gal
Stocks end of period
mil tax gal
Imports
mil proof gal
Whisky:
Production
mil tax gal
Imports
mil proof gal.
Wines 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
Distilling materials produced at
wineries
do
See footnotes at end of tables.
19512
177 50
13 26
1
100 49
2
431 13
57895
116 35
19255
175 13
12 86
1864
1690
14 86
12430
r
17 59
1697
1444
14 58
13 66
13 69
775
482
15 14
14 29
1374
1044
1289
11 38
1286
13 06
1240
1285
15 19
1550
13 51
1372
1575
922
29 22
55693
7 73
32 52
62449
960
3241
55431
728
874
1140
794
6 84
48476
5.74
623
556 23
6.42
513
481 47
4.48
5.81
8.30
5.02
224
134
1559
143
156
104
1730
86
264
186
1638
109
1 51
1.17
1812
.92
1.04
1.18
1.02
1892
2828
60608
11 73
689
2632
60478
11 23
497
2887
57744
748
559
3259
55891
916
376
3527
51052
946
995
11 16
906
457
7 14
210
274
253
490
49366
586
7 47
485 35
694
671
483 92
938
5 21
482 13
706
6 02
479 40
596
2 56
109
1996
105
3 69
264
20 54
105
268
192
20 17
129
4 20
672
1699
153
382
371
17 96
197
279
418
15 98
2 17
375 33
60608
12749
535
2600
43743
1304
6382
3416
48825
1007
18734
2978
56534
1130
10495
3637
67736
1018
2166
3533
64787
13 14
15336
175
3356
5568
3072
10 19
80 19
482 13
7804
303
498 16
669
37 13
3254
16 11
11 11
3566
3261
1598
1491
42948
1
366 86
65014
11983
r
438 26
r
17499
73 59
507 76
8384
r
766
1000
577
490 18
595
3270
561 68
9 00
1886
1760
1490
30 19
55377
848
41 74
557 56
13 20
33 22
563 93
8 62
1797
1586
1521
812
37 92
560 00
1020
r
r
31 37
56878
1003
1676
1446
14 97
49 31
55464
10 15
10 45
r
r
425 91
55464
117 86
14 46
1274
14 18
r
2
Aug.
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-21
SURVEY OF CURRENT BUSINESS
September 1985
IT .,
Ltllts
1983
1985
1984
Annual
1984
Aug.
July
Sept.
Nov.
Oct.
Dec.
Mar.
Feb.
Jan.
Apr.
May
Aug.
July
June
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter:
Production (factory)
mil. lb..
Stocks, cold storage, end of period.....
do ..
Producer Price Index **
1967=100 ..
Cheese:
Production (factory), total
mil lb
American, whole milk
do
Stocks, cold storage end of period
do
American, whole milk
do
Imports
do
Price, wholesale, cheddar, single daisies
(Chicago)
$ per lb..
Condensed and evaporated milk:
Production case goods
mil lb
Stocks, manufacturers', case goods, end of
period
do
Exports
do.
Fluid milk:
Production on farms . . . .
do
Utilization in manufactured 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, whole and nonfat
(human food)
do
Price, manufacturers' average selling, nonfat
dry milk (human food)
$ per lb
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye,
wheat)
mil bu
Barley:
Production (crop estimate)
do....
Stocks (domestic), end of period, total . . do
On farms
do.
Off farms
do
Exports, including malt §
do
Producer Price Index, No. 2 feed,
Minneapolis *
1967=100..
Corn:
Production (crop estimate, grain
only)
mil. bu ..
Stocks (domestic), end of period, total
do
On farms
do
Off farms
do
Exports, including meal and flour
do
Producer Price Index, No. 2, Chicago *
1967-100.
Oats:
Production (crop estimate)
mil. bu ..
Stocks (domestic), end of period,
total
do
On farms
do
Off farms
do
Exports, including oatmeal
do
Producer Price Index, No. 2, Minneapolis *
1967=100..
Rice:
Production (crop estimate)
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
Producer Price Index, medium grain,
milled**
1967-100
Rye:
Production (crop estimate)
mil. bu ..
Stocks (domestic), end of period
do . .
Producer Price Index, No. 2,
Minneapolis *....
1967 — 100
Wheat:
Production (crop estimate), total
mil. bu ..
Spring wheat
do
Winter wheat
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 ....
See footnotes at end of tables.
1,299.2
4994
226.6
1,103.3
2966
228.8
72.7
4896
242.1
48195 46738
29277 26482
1 204 6 986 2
10997
8848
2862
3060
3799
2188
1 1855
1 0783
318
70.2
4627
227.1
67.5
4263
241.3
3712
3578
1874
2046
1 147 6 1 1150
1*045 1 1 0180
' 27 1
252
79.8
3359
243.3
95.1
2966
221.5
118.4
2773
216.9
107.5
2894
216.6
107.1
2917
216.9
110.8
2727
217.5
112.9
2832
217.3
3689
381 1
1946
1871
1 0784 1 0442
'979*8
9458
322
279
3963
2100
9862
8848
348
3906
2231
9689
8657
168
3553
2017
9444
8440
240
4115
2309
9077
8064
195
4238
251.2
8986
7919
197
451.1
271.5
9110
8030
206
1.699
1.691
1.683
1.667
1.660
1.631
'1.677
84.4
3743
243.0
97.3
2868
217.6
94.7
2775
215.2
441.3
265.5
r
9542
r
8468
266
429.3
251.4
9549
8445
22.3
C
r
218.4
1.651
1.682
1.704
1.700
1.721
1.759
1.667
1.582
694 2
6477
529
54 8
523
548
51 2
53 3
442
43 i
507
593
61 8
578
579
467
56
417
81
966
4
1022
5
1029
9
887
10
543
11
417
g
422
8
436
7
502
7
682
9
833
9
976
.7
113.8
.7
139 672
135 444
11485
11206
10777
10918
10529
10967
11209
10566
11857
12007
12790
12434
12403
12,291
82655
13.60
76128
13.50
6267
13.00
6079
13.20
5605
13.60
5978
14.00
5605
14.30
6074
14.00
6494
14.00
6021
13.70
6787
13.30
7172
12.90
7780
12.50
7472
12.10
7487
12.10
"12.10
1112
14999
1196
1 1589
98
1066
82
882
104
708
90
717
92
674
92
855
117
884
11 1
91 1
141
1046
109
1260
131
1399
11.0
143.2
115
141.5
64
746
54
61 1
88
729
79
584
71
527
66
429
49
383
54
61 1
66
555
65
57 1
78
638
71
697
62
790
63
932
63
859
3216
1999
58
143
549
291
139
12 2
55
86
295
415
53
173
215
938
912
911
913
912
913
915
916
915
913
913
871
855
.851
.826
3 610 9
2679
287 1
3676
3028
3485
3504
3210
2565
2338
2395
1978
1881
1651
5736
4021
171 5
175
90
99
4362
3066
1296
118
72
47
180.1
181.8
157.1
169.9
174.1
165.6
208 2
164 4
39605
28288
1 1317
1707
2155
2146
2178
34402
2
r
2
508.9
3676
2449
1227
716
4,174.7
49129
30800
18329
18765
2
477.0
21
52
186.0
169.9
175.8
1542
242 1
58563
42962
15602
2065
2175
2163
2096
128 1
1353
'723 2
'3479
'3754
1064
2509
2712
2540
2400
2
252.6
266.5
997
2
16
174.1
174.1
165.6
39
152.9
328318
3
2*004
1
3
8277
167 7
1354
2234
2200
1057
219.6
8,468.5
956
214.9
194.2
537.4
2
271.5
(7)
250.1
4739
397 4
765
2
2
253.0
255.8
I
357 2
299 4
577
1
1
274.3
270.0
258.7
1
2559
2112
447
1
261.5
259.4
2
'1795
'1461
'334
1
.1
.1
242.3
237.3
224.6
218.9
175.5
9
1261
1370
144
166
76
(8)
1,884
116
157
153
(8)
478
293
244
183
(8)
9,143
9476
108
695
2560
1934
964
653
535
391
615
358
228
180
183
6289
6 183
440
517
610
542
545
475
462
460
396
427
461
405
443
2703
5 151
2868
4 509
984
314
930
384
2017
567
2792
331
2899
343
2868
307
2775
236
2627
292
2683
411
1 856
315
1415
355
1 132
296
854
336
2020
2027
2057
2032
201 0
1958
1954
1954
196 5
199 8
2047
204 6
2063
2066
207 0
2
2
27.1
5
58
123.2
9
2,730
2107
2
4
247 6
'1631
'845
30
4719
357 2
2994
577
19
r
2062
9
324
2009
1976
1804
1852
1761
1847
1933
1993
1968
1976
2036
2079
1877
1890
9
2
6
1373
1333
1467
146.0
1,259
2,740.0
12173
15227
2435
242.5
1395
136.9
r
963
961
600
2,141 3
9305
12108
1320
1314
1056
1053
873
818
475
1 667.3
7136
9537
617
574
6
'1,424.5
'5822
'8423
594
712
650
558
245
807
79.1
65.6
63.6
193
1907
9
2
2,420
2,596
2
2
432
535
1,988 2 2 061
2,606
2,788
2,326.4 2,141.3
10154
9305
1,311 0 12108
1,488 3 1 584 4
1,407.6 1,545.0
598.8
4
3194
2163
103 1
13
9
76562
58563
42962
15602
19286
3788
3224
564
28
2
9
200.9
2484
2
r
5965
4362
3066
129 6
955
180.9
2
1.744
2,400
9
561
1,839
S-22
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
„ .,
unns
July
1984
1983
September 1985
1985
1984
Annual
Sept.
Aug.
Nov.
Oct.
May
Apr.
Mar.
Feb.
Jan.
Dec.
July
June
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
GRAIN AND GRAIN PRODUCTS—Continued
Wheat—Continued
Producer Price Indexes: *
Hard, winter Ord, No. 1, Kansas City
1967=100..
Spring, No. 1, D.N. Ord, Minneapolis
1967=100..
Wheat flour:
Production:
Flour $
thous sacks (100 Ib )
Millfeed $
thous. sh. tons..
Grindings of wheat i
thous bu
Stocks held by mills, end of period
thous. sacks (100 Ib.)..
Exports
do. ..
Producer Price Index *
6/83—100...
POULTRY AND EGGS
Poultry:
Slaughter
mil. Ib..
Stocks, cold storage (frozen), end of period,
total
mil Ib
Turkeys
do. .
Price, in Georgia producing area,
live broilers
$ per Ib..
Eggs:
Stocks, cold storage, end of period:
Shell
thous cases §
Frozen
mil Ib
Price, wholesale, large (delivered; Chicago)
$ per doz..
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous animals
Cattle
do
Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib .
Steers, stacker and feeder
(Kansas City)
do..
Calves, vealers (So. St. Paul)
do...
Hogs:
Slaughter (federally inspected) thous. animals ..
Prices:
Wholesale, average, all weights (Sioux City)
$per lOOlb..
Hog-corn price ratio (bu. of corn equal in
value to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected) thous. animals ..
Price, wholesale, lambs, average (Omaha) $
$per lOOlb..
MEATS
Total meats (excluding lard):
Production
mil. Ib.
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 IDS.)
(Central U S )
$ per Ib
Lamb and mutton:
Production total
mil Ib
Stocks, cold storage, end of period
do...
Pork (excluding lard):
Stocks cold storage end of period
do
Exports
'~
do
Imports
do
Prices:
Producer Price Index, Hams, smoked
1967 = 100
Fresh loins, 8-14 Ib. average,
wholesale (N.Y.)
$ per Ib
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (including shells)
thous. Ig. tons
Producer price, Accra (New
York)
$ per Ib
Coffee:
Imports total
thous bags 0
From Brazil
do
Producer price, Santos, No. 4
(NY)
$ per Ib
Fish:
Stocks, cold storage, end of period
mil. Ib
See footnotes at end of tables.
237.2
228.3
219.9
225.9
235.6
231.9
229.8
224.3
228.2
226.5
217.1
218.0
205.2
208.1
191.9
181.4
228.3
220.8
240.3
206.0
198.9
200.5
202.7
193.8
193.4
196.0
195.6
200.2
197.5
198.2
189.4
159.1
311,587
5,655
698,951
299,476
5,421
674,665
22,847
416
51,763
26,025
477
59,165
24,388
440
55,195
26,289
470
58,739
25,080
450
56,335
23,656
426
53,087
25,495
447
56,866
25,571
445
57,319
26,317
465
58,893
24,683
434
54,976
26,147
457
58,142
'24,079
'419
'53,613
24,455
430
54,762
3,805
34,628
4,230
16,926
97.8
1,716
99.5
285
96.9
3,833
433
96.9
1,122
97.3
121
97.7
4,230
r
222
96.8
138
98.2
2,384
98.7
4,303
1,857
98.3
2,663
100.3
1,548
97.4
4,980
693
96.3
15,547
16,181
1,396
1,330
1,596
1,189
1,309
1,431
1,486
1,375
1,545
1,338
1,372
1,230
r
846
94.7
1,493
267
125
417
278
476
331
527
391
555
415
330
196
267
125
281
124
291
131
300
131
334
157
349
182
r
421
'243
492
304
.270
.320
.325
.290
.295
.270
.290
.270
.290
.290
.285
.260
.270
.295
.295
189.4
189.4
16.0
16.0
15.6
16.3
16.0
16.8
16.5
14.7
16.5
15.8
15.9
15.2
15.7
281
162
13
12
31
13
29
18
31
17
23
17
37
18
35
16
30
15
31
13
29
14
23
14
26
13
30
15
21
15
93.1
.270
30
18
.664
.727
.786
.690
.665
.672
.607
.704
.622
.584
.551
.623
.573
.529
.608
.586
2,798
34,816
3,030
35,880
258
2,996
294
3,260
245
2,903
282
3,313
275
2,923
247
2,784
270
3,134
236
2,661
261
2,761
252
2,848
246
3,052
221
2,770
274
3,023
62.52
65.33
65.79
64.36
62.68
60.85
64.24
65.32
64.35
62.80
59.58
58.72
57.58
56.69
53.26
51.94
61.39
72.97
63.11
63.98
62.17
58.12
61.34
52.50
62.01
52.50
62.74
53.75
63.96
50.00
64.26
50.00
66.00
52.00
67.02
62.19
66.66
60.00
66.06
60.00
64.25
60.00
59.11
63.44
57.43
62.25
57.81
58.59
84,762
82,478
5,806
6,628
6,439
7,908
7,354
6,729
7,114
6,208
6,932
7,177
7,359
6,209
6,399
47.73
49.03
54.25
52.57
47.86
45.01
48.55
49.03
49.60
49.55
44.54
41.85
42.70
45.67
47.09
43.91
17.0
17.6
18.2
16.6
15.3
6,412
6,549
54.74
61.39
38,974
679
38,987
696
15.8
16.2
16.0
16.5
18.4
19.0
18.2
18.4
16.4
15.3
15.5
485
561
528
588
524
514
473
564
512
494
423
61.50
62.76
63.58
63.35
62.98
60:08
62.13
66.92
67.75
69.50
74.25
72.56
71.98
3,045
714
3,362
628
3,111
646
3,672
677
3,324
687
3,119
696
3,420
735
2,938
711
3,161
721
3,294
773
3,486
785
3,080
'756
3,276
739
511
544
1,449
1,422
128
119
123
139
121
119
119
110
118
112
116
116
130
2,030
2,160
209
198
189
226
175
159
193
179
207
213
214
221
230
23,487
334
571
1,382
23,895
372
627
1,277
1,976
310
59
123
2,156
298
56
120
1,943
328
57
112
2,228
339
60
149
1,967
359
48
98
1,869
372
50
88
2,108
388
50
102
1,805
362
56
94
1,897
345
56
92
1,976
339
48
125
2,130
312
53
130
1,931
'303
47
123
2,102
331
64
145
.976
.944
.924
.991
1.012
.995
.974
.920
.892
.895
.885
.822
3?
31
30
32
28
31
31
2!
.978
1001
1.013
368
11
372
28
8
15,120
301
251
555
14,720
274
197
784
1,041
345
16
78
1 175
269
13
69
1,139
257
12
67
1,411
276
21
68
1,326
269
17
69
1,220
274
14
62
1,281
292
16
78
1,105
285
14
76
1,232
314
16
105
292.6
294.
286.5
294.9
295.0
294.9
312.5
337.8
300.3
296.2
1.159
1.157
1.342
1.246
1.19
1.072
1.037
1.120
1.19
1.164
213.7
190.
1.082
1.26
16,449
3,418
17,73
3,86
1.40
1.43
42
37
31
29
272.7
273.5
1.120
1.15
1.159
1,43
33
1,32
34
1,75
55
1,21
25
1.43
1.43
1.43
1.43
1.43
1.43
1.43
1,43
40
1,61
45
1,127
347
1,18
254
1.43
1.43
1.43
1.43
1.430
1.43
37
261.6
1.064
1,70
25
1,73
51
39
264.4
1.025
1,68
32
1,72
377
39
'272.5
1.06
1,62
32
1.090
41
291.7
13.
1.13
38
1,146
344
12
75
15.
1.260
37
1,125
'385
23
89
30.
42.2
1.250
10.
1,328
410
13
74
9.
18
1.21
10.8
1,288
368
15
76
39.
10.8
1.17
r
33
31
.800
2!
43.7
5.
1.21
13.3
24
*
71.42
r
28
27
'29
29
32
1.430
"350
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-23
SURVEY OF CURRENT BUSINESS
September 1985
IT
.,
1983
1985
1984
Annual
1984
July
Aug.
Oct.
Sept.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS— Cont.
Sugar:
Exports raw and refined
sh tons
207 871
Imports raw and refined
thous sh tons
2915
Producer Price Indexes: *
Raw (cane)
1967—100
3159
Refined
12/77=100...
172.1
Tea, imports
thous Ib
170 451
TOBACCO
Leaf:
1
Production (crop estimate)
mil Ib .
1,429
Stocks, dealers' and manufacturers',
end of period ..
.. .
do
5357
509 828
Imports incl scrap and stems
do
316 917
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millions
69680
Taxable
do
597 464
2
Cigars (large) taxable
do
3054
Exports, cigarettes
do ....
60,698
308 300
2 947
12019
15985
212
14022
168
27 266
21 204
313
26752
249
26 654
259
35419
165
38 165
247
202
282
32259
154
20406
239
33364
238
36548
51
3120
173.5
194 565
3154
174.2
22287
310 8
173.8
12023
3123
172.8
14169
3094
172.1
20946
3062
171.6
12386
3045
170.2
12585
2978
168.9
16238
2937
166.1
13856
2980
166.2
15491
r
298.6
166.1
13,342
301.9
166.1
15,337
305.2
166.4
15,054
303.0
165.7
15,586
20374
34845
296.7
165.7
3
'1728
5444
528 451
409 102
67 112
597 893
2960
56,517
r
54 102
32710
15800
34409
4,997
14230
33772
14 831
49 558
18 351
36 888
5186
39 148
33 184
67 982
33937
97 864
38 837
5,444
77 064
26347
34 611
32310
48495
42942
5,259
48037
27000
6091
44 541
5731
53152
276
3,885
5362
46797
261
5,308
6635
56633
282
5,617
6,302
53202
230
5,959
5,620
42779
222
4,378
5,594
44503
212
5,454
5,265
46297
179
5,311
5,728
54810
215
5,658
4,130
45782
214
2,994
5,250
49,339
259
3,575
2,766
3,999
10,431
354.5
10,266
358.1
8,855
352.5
11,023
348.5
11,637
'350.3
12,112
350.1
16,233
349.7
9,919
347.5
22 201
19 438
22600
21 111
22245
22264
24948
r
21,187
19,277
17
058
r
4168
'975
r
448
15,299
17,323
r
3020
4245
1
119
1032
r
207
352
549
453
17,005
3488
618
274
461
17,501
4022
722
287
801
17,102
4499
663
336
698
18,562
5576
810
322
619
15,445
r
5,051
r
691
376
615
15,095
3,790
392
255
639
110.7
223.7
102.6
205
4,895
1,529
LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather
thous. sq. ft .. 155,808 163,373
330.7
Producer Price Index, leather **
1967=100..
372.3
LEATHER MANUFACTURES
Footwear:
Production total C)
thous pairs r339 182 r301 398
Shoes, sandals, and play shoes,
except athletic
.
thous pairs r263
183 r233 392
r
Slippers
do
57 692 r54 026
Athletic
do
18
307
13
980
r
r
Other footwear
.
do
5254
4918
Exports
.
.
do
6158
6240
Producer Price Indexes:
Men's leather upper, dress and casual
12/80=100..
107.0
107.9
Women's leather upper
1967=100..
223.4
219.2
100.7
Women's plastic upper
12/80=100..
102.8
12,907
383.2
14,046
378.1
11,533
369.3
11,219
371.4
10,231
359.8
r
r
r
17
027
r
2889
r
682
r
403
18
872
r
5509
1477
r
376
16
314 18
875
r
r
5103
4318
1
152
1092
r
r
442
600
486
581
594
683
587
108.1
215.6
102.0
109.0
216.2
102.0
109.2
216.3
101.6
109.2
216.6
101.4
105.5
223.1
101.4
20 598
25 858
21 784
r
25 070
r
105.5
222.4
102.7
105.3
222.5
102.7
109.6
222.2
103.9
109.7
221.5
101.8
109.7
r
223.0
102.5
104.5
224.5
103.8
110.9
224.4
103.8
348.3
110.9
224.5
104.7
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
Production
do
Shipments
...
do
Stocks (gross) mill end of period
do
Exports total sawmill products
do
Sawed timber
do
Boards planks scantlings etc
do
Producer Price Index, Douglas fir, dressed t
1967=100..
See footnotes at end of tables.
2
2
36 675
25713
30 962
2
36
598
2
5 493
2
31 105
2685
497
2188
2756
470
2286
2933
563
2370
2950
529
2421
2776
544
2232
2688
520
2 168
3 154
529
2625
3154
497
2657
2814
'438
2376
2922
420
2502
2295
388
1907
2397
363
2 034
2727
444
2283
2666
440
2226
2718
480
2238
2602
468
2134
3085
562
2523
3,013
586
2427
3296
556
2,740
3496
537
2959
3,256
541
2,715
3,349
532
2817
3,101
527
2,574
3,031
499
2532
5866
1,591
4275
6225
1762
4463
6186
1626
4560
6176
1667
4 509
6265
1 692
4573
6239
1724
4 515
6327
1737
4 590
6225
1762
4 463
6299
1766
4533
6415
1,778
4637
6488
1,755
4733
6282
1,774
4508
6,198
1,783
4,415
6,445
1,812
4,633
12293
13 614
1 202
1 191
1 298
1 185
1 104
1 108
967
1203
1212
420
1431
1445
1318
7 8fi4
674
7 934
7802
994
569
129
439
8 296
*561
8329
8409
914
544
151
393
706
659
649
680
1 105
49
11
39
675
594
671
740
1036
40
10
30
674
650
665
618
1083
45
19
26
693
604
671
739
1015
40
18
22
644
587
601
661
955
33
9
23
486
561
471
512
914
35
7
28
612
561
622
612
924
40
16
24
565
567
593
559
958
36
9
27
649
580
647
636
969
44
9
35
710
587
664
703
930
52
17
35
665
563
618
689
859
39
16
23
612
555
624
620
863
43
8
34
568
555
602
568
897
42
17
25
361.5
328.1
307.8
309.2
312.5
301.6
312.8
325.8
332.9
341.5
353.1
345.0
358.9
386.8
379.6
31
479
2
5 721
25 758
2
31 358
2
5 896
2
25 462
2
2
343.3
S-24
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
1984
Annual
„ ,.
vnm
1984
1983
September 1985
1985
Aug.
July
Nov.
Oct.
Sept.
Dec.
Jan.
Apr.
Mar.
Feb.
June
May
Aug.
July
LUMBER AND PRODUCTS—Continued
SOFTWOODS— Continued
Southern pine:
f. j
' riipH
<V f
'nA
Production
do
Shipments
do
Stocks (gross), mill and concentration yards,
*~
"' "v
10 647 i 10 509
558
796
1
10 406 1 10 844
1
10 441 1 10 747
1
ri
*" ' ' "
Producer Price Index, southern pine,
dressed t
1967 = 100..
Western pine:
ft j ' -. :v"y j ' f
-^j
j "
Production
do
Shipments
do
Stocks (gross) mill end of period
do
Producer Price Index, other softwood,
dressed t
1967 — 100
HARDWOOD FLOORING
Oak:
Orders unfilled end of period
mil bd ft
Shipments
do
Stocks (gross), mill, end of period
do....
1 803
1 706
217 660 184 793
319.9
319.9
612
603
605
598
614
590
657
627
543
557
617
576
1 516 1 546 1 586
12 378 11 898 14 283
318.8
318.4
308.5
955
671
893
859
893
704
824
822
1 602 1 784
18 435 13 148
543
558
679
664
750
574
769
739
1 803
15 940
1 841
19648
790
598
783
766
1 130
530
992
1,130
818
534
890
881
1 858 1 867 1 723
18 594
8790 11 239
1028
693
1,039
1,039
644
528
894
814
1732
17 071
1818
11 180
11865
305.4
302.4
304.8
303.4
294.2
295.8
'292.4
' 325.7
347.1
321.8
617
407
575
633
1 257
648
408
641
647
1 251
584
406
623
586
1288
673
413
726
666
1348
878
464
822
827
1343
832
508
777
788
1332
798
499
783
807
1308
763
503
759
759
1308
373.6
376.9
397.7
391.8
8 350
410
8488
8264
1 279
9 Oil
407
8992
9,014
1 257
793
407
721
759
1 401
766
378
788
795
1 394
766
414
704
730
1 368
817
437
794
794
1 368
768
42^
729
782
1 315
4032
3856
3659
3688
3625
360.8
367.8
370.2
377.3
380.4
379.0
0 (•
73
1096
5.7
82
75
3.7
70
107
4.0
69
103
4.1
70
99
4.3
74
9.3
4.0
73
7.7
5.7
74
9.5
5.1
69
8.7
5.4
io!o
5.5
63
9.8
6.0
53
9.9
6.6
56
10.5
7.3
50
9.9
6.9
989
5.5
56
r
297.3
386.0
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous sh tons
Scrap
.
..
do
Pig iron
do
Imports:
Steel mill products
.
do
Scrap
do
Pig iron
do .
Iron and Steel Scrap
1 199
7520
5
980
9498
57
90
957
11
94
852
1
76
702
1
89
924
2
61
808
2
83
826
1
66
683
1
73
697
2
77
756
4
71
813
1
85
694
13
83
885
1
81
856
1
17070
641
233
26171
577
702
2656
41
67
2515
43
88
2,182
46
37
1,986
43
67
2,209
49
63
2,165
44
25
2,663
38
62
2,050
50
26
2,034
60
21
1,915
59
23
1,961
61
1
2,362
66
33
1,577
42
34
2510
3089
5662
6016
2376
2732
5143
5613
2 144
2615
4897
5484
2323
2844
5150
5457
2050
2085
4662
5313
1988
2268
4305
5202
3
2 403
3
3 025
3
5*710
3
4941
2349
3237
5640
4875
2639
3754
6,382
4,988
2634
3670
6,216
5,112
2697
3416
6,158
5,066
7682
86.50
7446
82.50
7796
87.50
7951
89.00
7719
81.00
74.69
81.50
76.44
85.50
77.78
87.00
80.14
92.00
78.30
85.00
70.98
74.50
65.09
69.50
66.15
72.50
5 143
7 265
2525
4053
5904
1545
3 888
4695
2,215
4430
5071
1,545
3 277
4985
l',675
1 966
2432
1J503
2 535
'607
1,066
3077
1046
'568
4634
1065
956
4894
4197
982
5711
5,792
872
5,258
5,828
1,326
1,337
9071
7950
5926
6298
6749
3,392
1,520
1,999
2,521
5,085
5501
932
5222
'487
4554
869
4776
386
4935
289
01 CCA
qo o-i -I
qq qoc
qq ceo
10479
18218
2*203
8628
20880
7 834
22 181
7 193
23703
5518
25517
o'fiOO
5,009
275
30 411
7 115
20473
2 823
5,031
qn qnfl
4,888
376
32 146
5 187
24017
2 942
28 924
9146
17254
2 524
46
52
31
37
33
35
43
66
81
4329
4415
489
101.0
4057
4 143
400
100.2
3473
3534
402
100.3
3739
3784
396
100.2
3817
3893
415
100.3
3,694
3985
304
99.4
3,969
43 257
323
100.1
3,897
3946
313
98.9
827
508
910
571
823
495
944
576
789
481
628
390
842
510
30
15
34
17
33
17
34
17
29
13
25
12
34
17
27 149 1 35 128
32557 1 29 524
Receipts net
do
Consumption
do
61 782 1 66 083
Stocks end of period
do
5202
5807
Prices, steel scrap, No. 1 heavy melting:
Composite
... $ per Ig ton
6724
8169
Pittsburgh district
do ....
76.92
92.38
Ore
Iron ore (operations in all U.S. districts):
1 37 552 r51 269
Mine production
thous Iff tons
1 44 595 r50 883
Shipments from mines
do
rl
Imports
. . do
13 246 17,160
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel
plants
do . 57 197 64881
Consumption at iron and steel
plants
do
61220 65990
Exports (domestic)
do
4993
'3781
qo CC7
Stocks, total end of period
do
32 146
At mines
do
3 209
5 187
At furnace yards
do
25494 24017
0 CMO
0-17/1
At U S docks
do
Manganese (manganese content),
general imports
do
483
535
Pig Iron and Iron Products
Pig iron:
Production (including production of
ferroalloys). . .
. thous sh tons 1 48706 11 51 904
Consumption
do
50 070 52 097
Stocks, end of period
do
304
459
Producer Price Index, basic
6/82=100...
100.1
100.3
Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous sh tons
637
Shipments total
do
9232 10520
For sale
do
5480
6 247
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous sh tons
18
380
Shipments total
do
291
For sale
do
98
180
See footnotes at end of tables.
0 ACfi
0 IOC
0 AOQ
3
70.51
77.00
7,352
6,741
6,858
6,046
5,922
5,643
1
545
1,697
25052 27 966 29011
12714 13410 13328
13780 13,144 14,406
1 558 1 412 1277
5,410
669
29788
12,796
15,746
1246
5,235
586
130
35
63
80
4,684
4,756
297
99.1
4,512
4,563
275
98.6
4,553
4,616
274
99.9
4,301
4,114
4,110
99.8
96.9
98.3
775
457
879
530
929
574
r
894
r
834
534
32
16
37
19
35
18
(2)
578
r
35
17
34
16
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-25
SURVEY OF CURRENT BUSINESS
September 1985
rr .,
Units
1983
1985
1984
Annual
1984
July
Aug.
Nov.
Oct
Sept.
Dec.
Feb.
Jan.
Apr.
Mar.
May
June
July
Aug.
METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
1
Production.
thous sh tons
83,379 '92,528
Rate of capability utilization
percent..
68.4
55.4
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons ..
142
Shipments, total
do
940
727
For sale, total.
do
670
862
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous sh tons
67,584 '73,739
By product:
Semifinished products
do
3,899 '4,407
Structural shapes (heavy),
1
steel piling
do
3,448 '4,156
Plates
do
3,832
4,339
Rails and accessories
do .
883
1,239
Bars and tool steel, total
do.... 1 11,666 '13,232
Bars: Hot rolled (including
light shapes)
do
'6,285 '7,255
Bars: Reinforcing
;
do ...
'4,138 '4,432
Bars: Cold finished
do
1,197
1,484
Pipe and tubing
do
4,276
3,242
Wire and wire products
do
1,384
1,222
Tin mill products
do
4,308 '4,062
Sheets and strip (including electrical),
total .. .
do
34,792 36,806
Sheets: Hot rolled
do
11,619
13,133
Sheets: Cold rolled
do
13,781 13,664
By market (quarterly):
Service centers and distributors
do .... 15,713 '17,234
Construction, incl. maintenance
do ....
6,276 '6,052
Contractors' products.
do....
2,597
2,563
Automotive
do ... 12,087 12,554
Rail transportation
do....
918
1,036
Machinery, industrial equip., tools
do....
2,320
2,737
Containers, packaging, ship,
materials
do ....
4,532
4,337
Other
do
'23,011 26,500
Steel mill shapes and forms, inventories, end
of period — total for the specified sectors:
mil. sh. tons ..
23.9
25.6
Producing mills, inventory, end of period:
Steel in process
mil. sh. tons..
7.1
7.6
Finished steel
do
5.7
6.0
Service centers (warehouses), inventory, end
of period
mil. sh. tons..
5.7
6.0
Consumers (manufacturers only):
Inventory, end of period
do..
5.4
6.0
Receipts during period
do
48.1
45.3
Consumption during period
do...,
46.8
44.7
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. met. tons ..
3,353
4,099
1,773
Recovery from scrap t
do
1,760
Imports (general):
Metal and alloys, crude
do....
714.9
975.3
Plates, sheets, bars, etc
do....
258.3
499.8
Exports:
Metal and alloys crude
do
360.7
286.2
Plates, sheets, bars, etc
do....
166.6
224.4
Price, U.S. market, 99.7% purity *
$ per lb..
.6821
.6105
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
mil. lb.. 13,622 14,561
Mill products,
total
do
10,578 11,030
Sheet and plate
do
'6,336
6,333
Castings
.
do
'1,822
1,830
Inventories, total (ingot, mill products, and
scrap), end of period
mil. lb..
5,850
4,994
Copper:
Production:
Mine, recoverable copper
thous. met. tons.. 1,038.1 '1,087.0
Refinery, primary
do
1,182.1 '1,200.2
From domestic ores
. .
do
1,003.7 '1,084.3
From foreign ores
do
178.4
115.9
Refined from scrap Q ..
do
401.5
309.5
Imports, unmanufactured (general):
Refined, unrefined,
scrap (copper cont.)
do ....
652.7
714.7
Refined
do
486.4
521.3
Exports:
r
Refined and scrap
do
277.2
360.7
Refined
do
93.9
87.5
Consumption, refined
(reported by mills, etc.) Q
do....
1,767
2,036
Stocks, refined, end of period 6
do....
556
672
Price, avg. U.S. producer cathode, delivered §
.6685
$perlb..
.7653
See footnotes at end of tables.
7,460
65.3
6,915
60.5
6,378
57.7
6,703
58.4
6,422
57.8
6,013
52.4
6,984
60.9
6,851
66.1
8,269
72.1
7,872
71.6
7,830
68.9
7,292
66.3
70
64
87
79
73
67
85
79
77
72
70
67
80
76
82
76
86
80
85
79
'84
'79
75
70
5,820
6,033
5,454
6,087
5,598
6,344
6,425
6,519
6,125
350
357
332
333
317
259
315
357
438
374
407
361
282
520
330
98
1,034
282
345
99
1,143
314
304
98
977
349
342
102
1,139
301
323
90
913
274
297
82
807
379
339
97
1,038
300
328
87
998
389
410
93
1,069
221
419
96
1,129
403
421
90
1,094
398
381
83
993
321
231
63
777
451
364
114
367
98
349
638
378
122
392
100
380
510
358
105
316
98
340
618
396
121
381
100
304
492
315
102
339
79
278
426
297
78
320
69
350
592
323
118
306
96
317
586
299
107
286
91
300
563
383
117
338
112
312
395
418
111
381
113
308
567
411
111
344
105
326
509
380
99
359
99
330
355
353
69
279
91
321
2,875
1,073
1,010
2,935
1,050
1,054
2,675
922
991
3,037
1,057
1,123
2,678
907
1,007
2,409
853
894
3,130
1,032
1,185
2,852
966
1,091
3,184
1,105
1,176
3,232
1,139
1,190
3,328
1,187
1,208
3,122
1,087
1,132
2,690
942
1,000
26.7
5,317
4,867
6,017
3,696
1,523
638
3,020
253
662
3,750
1,395
580
2,906
222
570
4,168
1,498
604
3,458
273
588
4,572
1,695
688
3,360
316
555
1139
6,375
928
5,941
968
6,403
1,072
6,811
26.1
25.5
1,441
*540
*216
920
71
137
369
2,002
26.1
26.2
26.1
7.7
6.0
7.6
6.0
7.4
6.2
6,0
6.0
6.0
6.4
4.1
4.1
6.6
4.2
4.0
6.5
3.7
3.8
295
133
304
129
288!
126
88.9
44.0
73.2
36.8
80.4
47.7
84.8
35.9
75.9
34.7
34.6
14.7
.5129
24.9
17.0
.5119
31.0
17.5
.5196
'32.8
14.7
.5200
'58.8
16.2
.4794
41.8
12.4
.4686
1,132
878
490
171
1,097
868
500
157
1,254
980
573
165
1,209
970
562
165
1,287
r
983
583
166
1,175
931
545
158
5,850
5,759
5,678
5,657
5,600
••5,647
5,545
91.1
97.8
91.7
6.1
19.9
87.9
101.8
93.6
8.2
20.6
91.6
100.7
93.1
7.6
22.4
85.9
90.9
84.4
6.5
21.0
99.1
!05.0
'99.4
-5.6
23.2
92.5
101.3
r
94.1
'7.2
27.4
'95.7
107.8
100.7
'7.1
'24.0
88.9
86.4
79.9
6.5
25.0
33.4
26.9
35.0
24.6
58.1
46.7
28.7
21.8
40.5
31.8
28.1
22.3
33.5
26.8
51.1
41.5
34.2
27.2
27.7
2.0
'33.1
3.3
34.0
7.7
40.1
3.7
27.6
1.3
45.9
3.9
51.8
5.7
146
554
172
524
172
476
175
'452
174
'413
166
'368
157
357
.6354
.6449
.6645
.6555
.7032
.6986
.6709
7.7
6.0
7.4
5.7
7.2
5.8
7.6
6.0
7.5
6.0
7.5
5.7
6.5
6.4
6.2
6.3
6.0
6.0
5.9
5.9
5.9
6.0
3.8
3.5
6.3
4.5
4.2
6.2
3.7
3.8
6.1
3.7
3.8
6.0
3.3
3.4
6.0
2.9
2.9
6.1
3.5
3.4
6.4
3.7
3.4
6.4
3.8
3.8
349
141
344
144
329
134
338
149
325
132
334
128
329
130
289
127
312
136
66.8
58.4
68.0
47.8
89.9
38.1
93.0
49.0
68.6
32.3
57.4
29.6
75.6
43.4
62.7
35.5
22.1
18.4
.5607
37.5
21.2
.5438
23.9
19.2
.4845
17.9
19.7
.5014
32.9
13.0
.5508
32.3
15.3
.5144
43.9
18.6
.5007
1,107
889
512
130
1,236
925
517
154
1,128
836
453
144
1,282
956
523
171
1,140
843
469
154
1,207
773
448
127
5,775
5,794
5,881
5,889
5,922
87.0
101.7
92.9
8.9
22.9
87.8
89.0
79.4
9.6
31.0
86.8
84.5
75.5
9.0
29.0
93.0
103.3
94.7
8.5
24.4
73.7
63.0
41.5
33.6
40.0
29.1
60.8
51.9
34.8
14.0
17.1
2.3
16.1
2.2
24.8
1.9
127
647
153
636
166
606
172
585
167
554
.6440
.6454
.6204
.6565
.6341
2
7.7
6.0
25.6
8.0
6.1
r
21.9
2.8
r
41.9
6.9
25.5
r
25.5
r
7,130
63.2
5,053
26.0
25.0
8.2
6.0
26.8
7,010
62.1
.6677
.4753
S-26
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,. -t
umis
Annual
1984
1983
September 1985
1985
1984
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
June
May
July
Aug.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Copper-base mill and foundry products,
shipments (quarterly total):
Brass mill products
mil Ib
Copper wire mill products
(copper content)
do
Brass and bronze foundry products
do ....
Lead:
Production:
Mine, recoverable lead
thous. met tons .
Recovered from scrap (lead cont.)
do
Imports (general), ore (lead content),
metal
do
Consumption, total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. met. tons .
Refiners' (primary), refined and antimonial
(lead content)
thous. met tons
Consumers' (lead content) A
do. .
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. met tons .
Price, common grade, delivered
$ per Ib
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 Ib
Zinc:
Mine prod., recoverable zinc thous met tons
Imports (general):
Ores (zinc content)
do
Metal (slab, blocks)
do
Consumption (recoverable zinc content):
Ores.
,
do
Scrap, all types. ..
do
Slab zinc: @
Production, total $
thous met tons
Consumption, fabricators
do
Exports...:
do
Stocks, end of period:
Producers', at smelter (ABMS)
do....
Consumers'
do
Price, Prime Western
$ per Ib.,
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 supplies, machinery and equipment:
New orders index, seas, adjusted
1977—100
Industrial suppliers distribution:
Sales index, seas, adjusted
1977—100
Inflation index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
fasteners, metal products, etc.)... . 1977—100
Fluid power products shipments indexes:
Hydraulic products §
1972—100
Pneumatic products §
do
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
See footnotes at end of tables.
611
r
635
620
3
480
3
r
442
158
3
2285
422
2138
4
626
3
500
3
4490
5035
3219
5671
248
44.5
234
500
186
490
224
517
195
481
254
413
314
416
329
314
372
464
803
1,207 0
24
827
33
973
114
967
72
1032
54
925
69
913
83
873
49
1015
745
1079
658
706
86.9
868
990
1079
979
583
1008
477
971
829
730
756
72.4
633
73.7
644
67.9
506
67.0
477
688
462
671
328
2168
209
.2555
342
.3051
300
.2824
275
.2418
228
.2233
217
.2525
209
2189
43
2184
736
182
4,100
3,200
216
715
3510
1073
201
4,400
3,400
244
387
2834
1073
201
4,100
3,100
351
37
3271
904
199
4,000
3,000
150
33
2834
958
191
3,300
2,500
189
2688
62989
2837
62600
2495
61808
2512
60361
2326
60994
588
1 1485
1
3
2717
2116
1
969
3273
34048 141241
12
372
11
446
J
l 180 2202
55800 50,400
40,400 38,700
3552
3184
3020
6 5478
2592
62380
r
645
150
465
149
150
r
388
439
367
44.7
60
1007
50
901
41
919
30
79
851
782
779
782
66.0
75.6
565
687
743
686
841
r
719
985
71.8
203
1909
178
1882
176
1768
r
218
1992
226
.2011
g
2408
791
180
3500
2,700
243
294
3261
794
143
4,000
3,100
199
22
1526
839
132
3,900
2,900
229
1 119
2938
536
46
2352
533
4600
3,500
194
4500
3,400
245
53
3915
r
847
172
4600
3,500
303
10
'• 3145
785
145
4,400
3,300
217
2592
59876
2766
57367
5 6262
2407
56568
2228
59156
2853
58861
3042
60403
r
2528
192
162
151
21 5
214
192
197
218
236
178
189
'622
6134
956
6325
80
552
24
326
95
369
82
614
188
396
203
382
187
425
37
397
41
523
43
532
11
409
529
1902
681
2514
55
217
43
219
56
217
44
227
57
217
63
212
57
218
53
214
56
203
55
214
41
21 1
2618
'7753
4
2900
'8489
g
283
624
280
653
1
258
644
3
23.9
'890
.4139
43.7
'725
.4860
43.6
543
4294
41.7
552
4265
2753
'2745
878
'773
245
628
236
676
230
651
231
692
228
649
(2)
(2)
(2)
(2)
(2)'
(2)
39.4
727
4952
40.3
665
4785
44.4
623
4642
36.8
539
4419
32.7
587
4360
43.7
588
4362
r
C
3989
1086
1455
C
883
274
243
3538
3998
4038
3972
4176
3724
3467
256
610
244
660
193
(2)
(2)
(2)
(2)
34.3
580
4320
32.3
594
4488
32.0
538
4512
4373
32.1
1
1566
242
12
458
214
32.3
979
1206
1203
1291
1210
1185
1232
1227
1184
1164
1184
1186
1218
1255
125.5
1139
1430
1439
1549
1488
1466
1465
133 2
143 5
1459
1405
1481
1522
1441
1436
1550
1588
1594
1596
1599
1600
1603
1602
1616
1620
1624
1629
1630
1635
203
208
269
270
261
252
260
300
275
262
303
295
254
269
237
237
264
274
250
270
273
296
282
294
259
290
r
249
r
271
237
255
1 151 65 1 915 80 13585
1 069 45 1 699 55 12605
1 371 50 1 606 50 13325
1 199 60 1 483 85 12750
8232 1 1324 10378
13500
11825
11695
11105
10558
222 15
19485
15135
13870
1 1267
191 75
17665
145 15
12945
1 1732
16000
15475
159 05
147 15
1 174 2
15910
14215
20085
18345
1 1324
137 75
12475
8975
8060
1 1804
163 75
14805
108 30
9895
1 2359
227 00
20270
15900
14035
13039
12210
11285
103 15
9815
13228
17075
15735
11885
11000
13748
18285
15995
16300
14940
13946
15095
115.95
12185
108.10
14237
6560
6200
4740
44 10
4878
6405
6025
5940
51 15
4924
9185
71 55
6260
5760
5217
5200
5145
5270
4830
5210
9605
9300
7485
69 10
5422
7370
71 15
4805
4595
5678
7375
6955
5795
5270
5837
5230
4705
6865
64 20
5673
6140
5730
6660
63 65
5621
5195
4645
5845
5380
5556
5235
4855
7600
7335
5320
5000
4305
6775
6125
5142
54450 1 000 00
48875 93150
47355 67935
43045 60875
221 6
5422
17755
17355
6050
5450
4696
244
(2)
85.0
25.3
261
1098
26.8
491
1056
244
480
2757
302
628
121
695
76.6
34.3
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-27
SURVEY OF CURRENT BUSINESS
September 1985
„ ..
1983
1985
1984
Annual
1984
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT-Continued
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
units
mil $
ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement),
shipments
thous
Radio sets production total market
thous
Television sets (incl. combination models),
production, total market
thous ..
Household major appliances (electrical), factory
shipments (domestic and export) #
thous..
Air conditioners (room)
do....
Dishwashers
do
Disposers (food waste)
do. ..
Microwave ovens/ranges *
do....
Ranges
do
Refrigerators
do .
Freezers
do
Washers
do
Dryers (incl gas). ...
....
do
Vacuum cleaners (qtrly.)
do .
GAS EQUIPMENT (RESIDENTIAL)
Ranges, total, sales
Water heaters (storage), automatic,
sales
725
629
7 247
6336
3636
2729
9049
7976
4935
3753
24823
1 1430
31290
14290
51890
18162
66646
24240
3661
1289
2924
1056
5484
2080
8819
3736
4419
1486
56 105
36454
59332
46420
3 995
4 355
5377
4 174
5968
24 553
6334
5448
6085
3703
19,680
22,210
1,372
1,761
2
2,480
2,102
1,695
3,157
47
r
311
r
334
716
252
577
133
445
308
3,249
40
302
362
888
271
520
106
435
322
3,452
36
324
361
1,006
278
505
87
465
382
32,466 39,446
2,002
3,103
3121
3491
3,544
4,087
5,933
9,132
2754
3074
5476
5,994
1 341 1281
4 616
5049
3294
3684
7,942
627
569
1289
1042
655
628
696
624
607
638
785
772
1579
1101
6,711
3354
7653
3481
r
3,261
187
r
301
r
287
r
716
267
652
153
417
283
r
4093
1343
4 593
3961
4545
3 111
2
3 855
4 543
3495
2859
3741
3229
1,923
1,220
1,588
*2,180
1,471
1,481
1,970
992
1,611
3,094
51
271
363
986
252
388
81
389
309
2,886
113
254
302
953
221
335
70
341
284
3,389
209
295
374
858
257
437
110
451
360
2,949
277
259
353
598
217
357
73
416
324
3,888
530
284
356
1,120
241
448
86
425
290
3,509
524
276
275
827
251
472
90
412
286
4,182
632
286
360
1,056
260
564
112
468
307
3,830
416
322
355
855
270
648
136
462
319
3,318
171
307
293
728
261
668
149
422
298
3,211
68
285
348
838
266
537
131
425
298
2
2
4011
3410
4073
5517
3 300
2
2
do
1 662
1573
1 849
1732
134
121
170
146
200
173
224
153
172
146
163
151
148
128
114
130
126
164
112
125
115
143
131
174
128
109
do ....
3,172
3,502
277
259
236
346
272
279
319
284
286
324
278
270
288
282
15
615.0
279
22
615.0
329
62
615.0
320
69
614.9
329
168
614.9
308
128
614.8
301
64
614.8
67977 67041 77659 74875 77,011
74689 65633 64674
63 541 55393 54612 50762 54425
9640
10471
9648
3280
3508
3461
422
592
677
176 728 170 192 172,513
160 805 155 740 159 531 164 815 167 293
15923 14452 12982
4409
4992
5575
9,059
6989
5801
6008
6634
r
544.1
544.5
546.4
545.6
544.8
72,177
69,295
7,781
544.0
7,247
543.5
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production t • •
thous sh tons
Exports
do
Producer Price Index
1967 = 100 ..
Bituminous:
Production t
thous sh tons
Consumption, total t
do
Electric power utilities
do
Industrial total
do
Coke plants (oven and beehive)
do
Residential and commercial
do
Stocks, end of period, total t
do
Electric power utilities
do
Industrial total
do
Oven-coke plants
do
Exports
do
Producer Price Index
1967=100 ..
COKE
Production:
Beehive and oven (byproduct) thous. sh tons .
Petroleum coke §
do
Stocks, end of period:
Oven-coke plants, total
do
At furnace plants
do
At merchant plants
do....
Petroleum coke $
do
Exports
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
number
Producer Price Index
1967 = 100 ..
Gross input to crude oil distillation
units |
mil bbl
Refinery operating ratio $
% of capacity
All oils, supply, demand, and stocks: $
New supply, total Q
mil bbl
Production:
Crude petroleum
do
Natural gas plant liquids
do
Imports:
Crude and unfinished oils
do
Refined products
do
Change in stocks, all oils
do
Product demand, total
do
Exports:
Crude petroleum
do
Refined products
do
See footnotes at end of tables.
4089
776
617.1
3954
680
611.3
778 003
733 850
624 175
102 586
37005
7090
162 070
149 091
12979
4337
76870
533.8
886 189
788 203
663 329
117 214
43987
7660
190 410
173 017
17393
6158
80792
543.5
25808
30661
30561
32131
3518
3,233
286
1096
731
3716
3363
353
968
1 130
37,207
681.4
43607
' 72
384
121
610.8
435
186
610.8
423
91
610.8
349
45
610.8
332
88
610.2
323
3
614.7
73915 89728 77971 68584 63397 62623
70200 73343 63910 64394 64324 67806
60259 63 299 53963 54669 54 138 56467
9 466
9 329
9 178
9 177
9606 10 596
3636
3*470
3618
3555
3315
3344
612
580
743
578
769
548
186 034 193 473 201 309 200 426 195 272 190 410
164 565 170 345 176 523 178 105 175 415 173 017
21469 23 128 24786 22321 19*857 17393
9644 10089 10533
9074
7616
6158
8197
8048
4101
6522
8619
6595
547.0
545.1
546.1
545.9
545.6
544.6
2487
7522
2660
975
96
954
115
3441
3 146
295
991
87
41064
669.8
2629
672.6
3968
671.1
44710
76
3775
76
2652
2188
7211
2486
2566
2722
2914
1030
34
3471
3077
393
1086
28
1045
32
1111
215
i Too
631.2
615.1
615.5
'617.6
3710
76
3592
75
3216
74
3567
74
3590
76
2635
7 115
2595
1028
191
1000
133
3716
3363
353
968
117
959
98
3946
670.6
3434
669.8
3131
655.8
3718
649.4
3886
78
3742
78
3767
76
3677
77
2622
r
2449
115
117
621.5
620.2
619.4
3814
78
3741
79
614.8
543.5
(3)
56029
58517
4957
481 1
4783
5079
4882
4807
464 5
4065
4736
4719
5064
4649
31710
588 2
32497
613 1
2754
528
273 1
517
2698
51 0
2761
528
2694
51 3
2758
52 1
2768
522
2500
468
2767
51 5
2653
492
2780
51 1
268.9
497
13178
5259
237
58292
13688
*6202
1026
60187
1225
450
105
4970
1086
477
155
5222
1092
483
153
4773
1273
518
311
5026
1177
498
124
4943
1045
482
1
5070
889
467
453
5249
678
419
424
4712
981
473
81
4964
1143
432
147
483.2
1288
485
335
501.1
1064
39.8
2.5
487.2
599
2099
662
1969
33
132
59
167
48
151
44
141
61
195
57
247
45
200
62
177
59
156
71
15.8
77
14.1
6.8
13.9
614.3
S-28
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
IT
.,
1984
1983
September 1985
1985
1984
Annual
Nov.
Oct.
Sept.
Aug.
July
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
Aug.
July
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
All oils, supply, demand, and stocks $—Continued
Domestic product demand, total # mil. bbl..
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants
Asphalt
Liquefied petroleum gases
Stocks, end of period, total
Crude petroleum
Strategic petroleum reserve
Unfinished oils, natural gaso-
do
do
do
do
do
do
do....
do....
do
do....
Refined products
do
Refined petroleum products: $
Gasoline (incl. aviation):
Production
do
Stocks end of period
do
Prices, regular grade (excl. aviation):
Producer Price Index
2/73=100...
Retail, U.S. city average (BLS): *
Leaded
$ per gal
Unleaded
do ....
Aviation gasoline:
Production
mil bbl
Stocks end of period
do
Kerosene:
Production
do
Stocks end of period
do
Producer Price Index (light
distillate)
1967-100 .
Distillate fuel oil:
Production
mil bbl
Stocks end of period
Producer Price Index (middle
distillate)
Residual fuel oil:
Production
Imports
Stocks end of period
Producer Price Index
....
Jet fuel:
Production
Lubricants:
Production
5,559.4
2,426.5
46.4
981.9
518.6
381.8
53.4
2
136.2
550.7
1,453.6
722.9
379.1
5,755.6
2,458.2
42.2
1,041.2
501.2
430.2
57.0
149.5
575.5
1,556.2
795.9
450.5
480.4
212.5
2.8
77.6
37.0
36.8
4.4
19.5
44.8
1,513.1
771.8
423.9
499.6
220.9
2.5
79.3
39.1
38.7
4.8
22.2
46.2
1,497.5
764.1
429.5
457.4
198.3
3.5
79.6
35.0
36.2
4.9
19.1
43.9
1,512.8
756.3
431.1
484.1
209.2
2.6
85.7
33.1
37.9
5.1
16.8
51.2
1,543.9
779.8
436.8
468.8
204.7
5.2
84.8
40.6
34.7
4.4
10.7
47.7
1,556.3
786.9
443.0
476.6
203.7
4.2
88.8
36.9
38.5
3.8
6.1
53.5
1,556.2
795.9
450.5
500.4
197.0
7.7
107.3
45.9
37.5
4.0
4.2
62.0
1,509.8
793.5
457.4
447.3
183.1
5.1
92.4
37.6
31.8
4.3
4.3
52.4
1,467.4
785.6
460.1
475.0
206.2
2.7
95.1
38.9
34.8
4.5
7.3
48.4
1,459.3
790.7
461.6
460.4
208.8
2.8
83.0
34.0
36.6
4.7
10.6
41.8
1,474.0
806.7
464.9
479.3
218.9
2.3
80.6
38.9
34.9
4.6
14.6
41.8
1,507.5
828.3
471.9
466.5
210.0
2.5
77.5
31.4
34.2
4.6
17.9
43.5
1,510.0
819.4
476.6
161.5
569.2
139.8
620.6
155.9
585.3
155.3
578.1
158.9
597.6
159.8
604.4
155.6
613.8
139.8
620.6
143.8
572.5
143.9
537.9
151.6
517.0
155.4
511.9
156.7
522.5
154.5
536.1
2,323.3
187.8
2,371.1
207.9
200.9
202.2
199.5
188.3
196.2
196.5
198.7
195.5
202.1
201.2
201.4
207.9
183.0
200.4
165.7
192.6
187.9
188.9
190.4
184.4
203.2
183.6
203.7
188.6
551.7
515.1
520.9
504.6
500.3
509.8
511.3
502.0
480.5
458.4
467.2
493.9
522.5
535.7
539.2
526.7
1.109
1.193
3
1.060
3
1.148
1.041
1.131
1.071
1.159
1.119
1.205
1.144
1.231
1.153
1.241
1.154
1.242
1.143
1.229
776.1
777.4
1.157
1.241
1.129
1.212
1.129
1.212
1.116
1.196
1.120
1.203
1.127
1.209
9.2
2.3
9.1
2.7
.9
2.5
.9
2.4
.7
2.4
.7
2.5
.8
2.6
.6
2.7
.4
2.6
.5
2.6
.7
2.5
.7
2.4
.6
2.3
.7
2.2
40.0
7.9
41.8
11.9
2.6
8.0
2.7
8.5
3.7
8.9
4.1
11.2
3.9
10.8
4.7
11.9
3.5
8.0
4.2
7.4
3.5
8.3
2.6
8.1
1.7
7.5
2.1
7.2
906.1
870.3
874.3
863.0
853.2
854.4
857.1
847.5
840.8
833.3
827.5
824.5
826.9
896.5
63.5
140.3
981.2
99.4
161.1
84.3
6.2
124.4
82.5
8.0
133.3
81.2
8.7
142.9
83.4
13.0
152.2
84.8
9.5
161.0
86.7
5.9
161.1
80.9
8.4
141.8
69.8
4.2
121.5
69.6
4.8
99.4
74.2
7.3
97.1
82.8
6.3
104.7
79.4
4.4
110.0
889.8
880.5
893.4
859.6
837.8
854.4
868.9
851.4
835.7
810.3
809.9
820.3
851.0
'797.7
755.2
743.6
310.9
255.2
48.5
1,058.9
326.2
249.2
53.0
1,119.6
23.9
18.5
49.2
1,148.2
24.8
17.7
44.6
1,124.8
25.5
18.2
46.8
1,110.1
28.1
14.3
50.8
1,114.0
27.8
17.6
47.0
1,132.3
32.6
19.5
53.0
1,131.4
30.7
18.4
46.8
1,123.8
28.9
17.2
47.0
1,107.2
29.6
15.4
46.3
1,112.3
26.6
12.7
46.6
1,087.9
24.2
15.6
41.8
1,058.7
20.6
12.8
40.2
4
894.3
900.2
930.2
373.2
38.6
414.3
42.0
36.5
43.6
37.7
45.6
34.6
45.0
36.3
44.7
34.2
44.9
35.5
42.0
34.7
41.0
32.0
41.7
35.9
44.1
33.7
41.7
34.6
42.2
33.4
42.4
53.8
12.1
58.3
12.7
5.3
11.7
5.0
12.0
5.3
12.5
4.7
12.1
4.8
12.5
4.3
12.7
4.4
12.9
4.0
12.7
4.4
12.5
4.3
12.0
4.6
12.0
4.7
12.2
2
135.7
18.8
141.3
17.2
16.6
21.5
18.2
18.5
15.5
16.0
12.8
13.1
10.9
14.1
8.3
17.2
7.4
21.0
6.4
23.7
8.8
25.9
113
27.4
14.4
28.4
16.1
27.8
do
599.2
620.9
53.5
53.1
50.8
52.2
51.5
52.0
51.4
47.1
51.8
50.7
52.8
52.1
do
do ...
479.6
119.6
100.6
488.2
132.7
100.8
41.1
12.4
110.6
41.0
12.0
113.7
404
10.4
115.2
41.8
10.4
110.9
41.3
10.1
108.3
42.2
9.9
100.8
42.0
9.4
86.4
37.6
9.5
77.0
41.1
10.7
77.4
39.1
11.6
80.8
40.7
12.1
87.6
39.4
12.7
92.7
do
1967—100
mil bbl
do
do
1967 — 100
mil bbl
do
Asphalt:
Production
Stocks end of period
Liquefied petroleum gases:
Production total
At gas processing plants
do
do
At refineries (L R G )
Stocks (at plants and refineries)
1.124
1.207
4
2
4
803.1
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD t
Consumption
i §4 475 7 88 876
7
85*442 1 87 646
5 574
5 229
7 197
7 192
4 621
7 642
7 368
4 825
7 398
7 246
5 023
7 971
7 625
5 475
6 996
7 153
5 314
7 481
6875
5*574
7481
7413
5 552
7 068
6981
5453
7 483
7651
5256
7009
7 148
5 136
6958
7,072
4952
6,918
6,943
4925
1 14 696
/ 15 889
1 025
1 209
1 347
1 271
'931
1 381
1 300
1 513
1025
1 355
l'o36
1 179
1003
1360
977
1245
994
1223
970
1,268
985
1 52 537
1261
42 358
1 55 549
1206
44 709
4 530
4791
4 567
4 496
3 707
3 632
3 716
4373
'l!8
3 502
4394
104
3 506
r
3 891
4340
87
3 476
4 595
3 645
4765
'l03
3 839
4,442
97
3572
do
5067
3851
5534
4?100
471
316
461
330
455
334
462
361
436
326
447
330
452
341
429
325
do
do
170
384
174
585
153
379
159
409
160
418
164
502
161
591
174
585
165
666
172
695
191
685
506
318
43
275
389
508
285
49
236
386
474
284
48
236
344
497
274
28
246
415
484
311
65
246
416
471
301
53
247
313
8
381
7
337
5
411
16
399
3
309
482
223
39
184
380
16
364
484
399
89
309
460
17
443
do
WASTE PAPER t
Inventories end of period
WOODPULP t
Production:
Total
Dissolving pulp
923
do
thous sh tons
do
Groundwood and thermoSemi-chemical
Inventories, end of period:
At pulp mills:
Own use woodpulp
Market pulp
Market pulp at paper and board
mills
j '
•i i u
Dissolving and special alpha
All other
See footnotes at end of tables.
gt
do
dodo
99
550
484
3 674
13 594
3 027
J
4 093
179
73914
595
'2999
14490
542
279
41
238
357
147
14343
15
342
do.
1
J?° ,' .
All other
934
1
646
955
109
73
22
364
976
993
101
86
r
4844
118
3893
r
484
349
r
r
451
333
165
636
r
449
328
59
269
335
4
331
4522
112
3 618
r
r
441
352
428
346
175
560
190
529
r
442
372
80
292
384
5
379
r
444
309
46
263
380
11
369
334
52
282
392
14
378
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-29
SURVEY OF CURRENT BUSINESS
September 1985
,, -f
1985
1984
Annual
u
1983
1984
July
Aug.
Sept.
Oct.
Jan.
Dec.
Nov.
May
Apr.
Mar.
Feb.
Aug.
July
June
PULP, PAPER, AND PAPER PRODUCTS— Continued
PAPER AND PAPER PRODUCTS t
Paper and board:
Production (API):
Total
thous sh tons
Paper..
do
Paperboard
do
Producer price indexes:
Paperboard
1967-100 ..
Building paper and board
do
Selected types of paper (API):
Groundwood paper, uncoated:
Orders new
thous sh tons
Orders, unfilled, end of period
do....
Shipments
do
Coated paper:
Orders new
do
Orders unfilled end of period
do
Shipments
do
Uncoated free sheet papers:
Orders new
do
Shipments
.
do
Unbleached kraft packaging and industrial
converting papers:
Shipments
thous sh tons
Tissue paper production
. .
do
Newsprint:
Canada:
Production
thous metric tons
Shipments from mills
do
Inventory end of period
do
United States:
Production
do...
Shipments from mills
do
' 65,000
32,823
32,177
1
68,457
34,418
34,259
5,574
2,782
2,792
5,875
2,907
2,967
5,669
2,786
2,883
5,908
2,997
2,912
5,575
2,820
2,755
2,663
2,495
5,779
2,942
2,837
5,345
2,750
2,595
5,943
2,990
2,953
281.4
259.1
279.1
262.9
285.1
259.8
288.6
259.4
293.7
257.7
293.4
253.7
293.4
253.4
287.2
255.3
285.9
256.2
285.7
256.3
250.9
250.0
5,158
5,420
2,811
2,609
'5,756
r
2,870
2,886
'5,500
'2,762
'2,738
5,324
2,713
2,611
284.2
257.6
282.1
258.6
276.2
261.1
273.2
263.3
r
1,581
145
' 1,531
1
1,601
164
1,565
139
150
138
150
166
129
123
168
123
139
165
135
112
153
126
124
164
113
138
161
125
101
140
119
118
132
129
110
115
123
121
121
116
142
148
114
128
' 5,864
513
5,716
'6,171
587
6,249
502
495
478
545
488
538
479
482
496
553
570
553
527
561
527
516
587
504
555
561
563
455
520
499
472
459
540
'509
r
445
516
'464
'410
496
'492
'441
'456
437
422
455
' 9,076
' 9,060
'8,939
'9,482
696
747
724
794
712
749
797
828
733
768
693
714
111
817
763
773
865
856
r
855
r
856
'827
'848
'771
'813
741
798
1
3,666
'4,789
'3,666
'4,921
328
391
304
411
302
413
313
434
289
420
256
420
302
416
293
392
295
428
258
394
290
419
267
418
280
390
8,486
8,440
303
9,016
9,034
r
283
825
759
302
775
752
326
746
743
329
793
792
329
758
770
318
740
772
283
789
739
333
741
709
366
804
810
360
749
753
356
768
742
382
725
733
375
718
728
365
4,688
4,674
99
5,025
5,065
60
409
413
52
426
417
61
415
409
67
426
426
67
417
422
62
389
391
60
425
415
70
406
404
73
443
432
84
387
408
63
418
410
71
408
406
73
416
403
84
913
950
969
1,017
999
873
866
'955
900
955
722
951
713
924
666
903
649
875
664
874
637
916
668
961
659
967
791
977
743
955
720
'930
693
966
668
334.5
331.2
331.2
332.5
334.9
333.2
334.3
332.4
332.4
332.6
332.9
333.7
333.0
21 334
23.759
21 .605
24.852
21.103
19.496
23.127
20.337
21.708
22.582
22.345
21.245
22.025
1
1
Estimated consumption, all
users Q
do.... 10,587 11,441
Publishers' stocks, end of period #
874
thous. metric tons ..
790
7,894
6,919
Imports
thous sh tons
Producer Price Index,
standard newsprint
1967 = 100..
323.1
303.0
Paper products:
Shipping containers, corrugated and solid
259, 539 2fi8 070
fihfir shinmpnts
mil sn ft. surf area
r
1,039
1,004
957
1,009
266.3
261.0
114
334.9
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous metric tons
Stocks end of period
do
Imports, incl. latex and guayule
thous long tons
Price, wholesale, smoked sheets
(N.Y.)
$ per lb..
Synthetic rubber:
676 27
8075
75072
9642
73 94
87 03
5606
8475
6365
8622
5829
8734
5537
9130
54 13
9642
7176
9427
6574
9731
9153
9142
5167
101.91
89.00
95.90
45.17
95.62
64207
78600
7381
56 23
67 46
61 95
6236
62 21
7164
7168
8804
6398
8466
4809
59.97
.496
.460
.460
.460
.430
.428
.420
.423
.423
.418
.423
.408
.420
.403
166 66
147 14
30926
29 58
178 43
17385
30064
30 24
17302
15145
31199
29 95
17970
18412
30144
25 54
15832
16634
28588
2592
147 51
147 17
27411
2568
169 89
15580
28121
2386
161 61
16954
27181
2268
18207
159.59
288.56
2894
16600
154.76
293.96
2623
15415
152.67
292.46
30.38
14254
143.56
286.35
27.25
22.21
15546
20753
4063
16204
486
36365
453
18,078
20282
4551
15067
664
37 199
670
17333
20525
4493
15473
559
37685
533
19136
23510
5467
17390
653
37277
507
16645
19264
4906
13770
588
37995
604
15,682
17 155
4324
12159
672
39623
550
18,381
19965
5539
13748
678
41948
480
17,375
16080
4925
10388
767
45905
610
18,704
20521
5,869
13,961
691
48875
662
17,388
20801
5,708
14,561
532
49168
548
16,781
20,794
5,727
14,627
440
49,063
535
15,216
20,981
5,271
15,341
369
46,909
453
12,989
19,326
4,447
14,502
377
44,349
433
120
90
149
239
155
131
135
92
113
98
84
89
86
2
.560
1 936 09 2 095 05
Consumption .
do
1 827 94 1 984 35
Stocks, end of period
. .
do
27794 27411
Exports (Bu of Census)
thous Ig tons
27501 327 93
TIRES AND TUBES
Pneumatic casings, automotive:
Production
..thous. ' 186 923' 209 375
Shipments total
do
218 865 242 454
Original equipment
do
49364 58770
Replacement equipment
do
164 265 176 287
Exports
do
7 397
5236
Stocks end of period
do
33 340 39 623
Exports (Bu of Census)
do
4 656
6409
Inner tubes, automotive:
Exports (Bu. of Census)
do
1829
1611
See footnotes at end of tables.
.418
S-30
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
Annual
,, .,
September 1985
1985
1984
L)ims
1983
1984
July
Sept.
Aug.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
44154
42617
Aug.
July
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement
thous bbl 1 376 856 n 435 737
CLAY CONSTRUCTION PRODUCTS
Shipments: $
Brick, unglazed (common and face)
mil standard brick
62184 65155
Structural tile, except facing
thous sh tons
329
508
397 7
Sewer pipe and fittings vitrified
do
419 9
Floor and wall tile and accessories, glazed
and unglazed ....
mi sq ft
3483
3394
Producer Price Index, Brick (common), f.o.b.
plant or N.Y. dock
1967-100
3503
3378
GLASS AND GLASS PRODUCTS
Flat glass, mfrs ' shipments
thous $
954 927 955 088
Glass containers: t
294 090 291 682
Production
thous gross
Shipments, total
do
293 103 289,950
Narrow-neck containers:
Food
...
do
28270 26170
Beverage
do
62617 61575
Beer
do
97 100 90796
Liquor and wine
do
23628 24429
Wide-mouth containers:
Food and dairy products
do
60 108 64302
Narrow-neck and wide-mouth containers:
Medicinal and toilet
do
19592 20311
Chemical, household, and industrial
do. ..
2,367
1,788
Stocks, end of period
do
43307 42918
GYPSUM AND PRODUCTS
Production:
1 12 884 1 14 390
Crude gypsum (exc byproduct) thous sh tons
Calcined
do
13710 14829
Imports, crude gypsum
do
8904
8031
Sales of gypsum products:
Uncalcined
do
4064 '4544
Calcined:
;
'522
Industrial plasters
do
442
Building plasters, total
(incl Keene's cement) @
do
249
257
Board products total
mil sq ft
16818 18324
Lath
do
36
32
Veneer base
...
do
407
368
Gypsum sheathing
do
344
323
Regular gypsum board
do
10807 11
474
Type X gypsum board
do
4283 1 5 083
J
Predecorated
wallboard
do
119
125
5
/ie mobile home board
do...
'880
861
42 117
46 851
39 926
43 255
36452
25681
21 777
21 723
31 681
39415
6305
36
38 2
6604
32
47 0
6375
32
426
6381
28
41 4
5266
33
27 6
3994
35
18 1
344 4
42
260
321 5
43
229
5359
49
31 0
6014
49
360
279
276
267
284
298
296
262
245
300
294
351 1
351 1
3534
3536
3538
3540
r
r
r
r
r
23 282
22,898
26 113
25076
2345
6499
8869
2012
3 131
6716
8197
2339
2221
4880
6780
1866
1916
5206
7357
2276
1623
4421
6608
1923
1260
3897
5968
1663
5100
6 349
5373
6375
5106
4757
5135
4449
1 506
1599
1 590
1746
1526
1494
1835
1847
200
45741
205
45027
132
42918
155
r
43 738
199
r
38 804
238
r
40 252
188
44359
29.3
285,426
r
27 637
28616
285
46406
31 1
250 695
r
25951
26561
230
46440
5910
46
343
rf
21 457
21412
16482
19171
6358
47
r
373
(4)
245 357
253 243
r
22 000
22,764
19 994
19 974
1999
4496
7 137
2007
1866
4118
5793
1702
r
24 397
24,922
24252
25,084
1971
5,632
8196
2286
r
2257
r
5,791
r
8262
r
2260
2,073
6,030
7926
2,351
4852
4588
r
4547
4861
1 545
1649
1642
1,659
153
r
40 175
163
r
36 899
184
36,031
23 315
22,913
1991
4,917
7290
2080
r
24 411
24,475
1064
1 192
1266
1 511
1236
658
1373
1 179
938
1271
1 240
756
1072
1251
763
1243
1241
557
1073
1293
761
985
1 134
741
1061
1467
702
373
469
503
376
319
378
301
321
239
345
355
42
49
43
49
43
38
43
40
46
50
47
20
1496
2
33
26
908
428
10
57
18
1345
2
30
19
818
377
10
57
16
1617
2
36
27
976
445
9
76
520
199
320
627
276
351
468
175
293
3
640
3
240
3
505
195
310
607
266
341
514
188
326
406
3
504
407
7 501
7500
974
5644
882
6648
6647
1032
4817
798
21
1490
3
32
24
931
419
H
70
23
1 581
2
36
27
986
433
11
84
21
1425
2
32
27
883
394
9
77
24
1681
3
36
29
1 058
465
12
79
19
1470
2
34
23
932
407
11
61
17
1 411
2
33
22
895
403
10
46
5
1215
1 555
942
1285
1418
738
18
1 647
2
39
31
970
467
11
82
18
1 685
2
37
33
995
470
11
91
TEXTILE PRODUCTS
FABRIC
T/oven fabric, finishing plants:
Production (finished fabric)
mil linear yd
Cotton
do
IVf anmade fiber and silk fabrics
do
Inventories held at end of period
do
Cotton
do
IVfannnade fiber and silk fabrics
do
Backlog of finishing orders
do .
Cotton
...
do
Manmade fiber and silk fabrics
do....
COTTON AND MANUFACTURES
Cotton (excluding linters):
Production:
Ginnings Q
...
. thous running bales
Crop estimate
thous net weight bales §
Consumption
thous running bales
Stocks in the United States, total, end of
period $
thous running bales
Domestic cotton total
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do
See footnotes at end of tables.
403
149
254
664
267
397
536
190
346
571
212
360
672
263
409
576
187
388
3
674
3
251
3
163
634
354
416
7 676
2750
4 926
720
252
468
7 154
2663
4492
630
276
354
7504
7771
5553
12545
12 982
4803
10 686 11 442
10*685 11441
1 159 3 208
8924
7551
602
682
2 833
2*832
300
1757
708
14 798
14797
12 592
1491
714
423
643
263
380
566
206
360
563
212
351
668
272
396
509
196
313
528
194
334
659
270
389
484
192
292
3
588
3
216
3
372
630
276
354
450
190
261
506
201
305
631
273
359
443
184
259
1 175
387
4321
8972
494
415
377
11079
13381
3
407
14 026
14025
11 949
1432
644
13 289
13288
9 594
3 155
539
12477
12476
4 432
7486
?
558
11 442
11441
3208
7551
682
3
400
603
268
336
478
189
290
r
497
190
r
308
613
r
263
350
r
506
178
328
3
628
3
225
3
403
612
259
354
479
164
315
70
10 275
10274
1 942
7580
752
8714
8713
1 298
6541
874
426
r
5722
5795
C
929
3989
803
r3
522
4911
4910
C
625
3576
709
r
369
4055
4,054
425
2,908
721
681
13,655
464
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-31
SURVEY OF CURRENT BUSINESS
September 1985
., .,
umis
Annual
1983
1985
1984
1984
Aug.
July
Oct.
Sept.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
Aug.
July
June
May
TEXTILE PRODUCTS-Continued
COTTON AND MANUFACTURES— Cont.
Cotton (excluding linters)— Continued
Exports
thous running bales
5649
6 516
g
Imports
thous net-weight bales §
12
Price(farm), American upland (>
cents per Ib ..
66.0
60.4
Price, Strict Low Middling, Grade 41, staple 34
(IVie"), average 10 markets
cents per Ib..
63.1
73.1
Spindle activity (cotton system spindles):
Active spindles, last working
day, total
..
mil
139
131
Consuming 100 percent cotton
do
53
50
Spindle hours operated, all
fibers, total
bil
903
846
Average per working day
do
343
327
Consuming 100 percent cotton
do
337
309
Cotton cloth:
Cotton broad woven goods over 12" in width:
Production (qtrly.)
mil. sq. yd ..
4,002
4,192
Orders, unfilled, end of period, compared
with average weekly production
no weeks' prod
118
128
Inventories, end of period, compared with
avg. weekly production
no. weeks' prod ..
47
43
Ratio of stocks to unfilled orders (at cotton
mills), end of period
40
34
Exports, raw cotton equiv. thous.
net-weight
480 Ib bales
1709
1888
Imports, raw cotton equivalent
do
7931 10532
Producer Price Index, gray cotton
broadwovens *
12/75=100...
152.1
158.5
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Acetate filament yarn
.mil Ib
1982
2276
Rayon staple, including tow
do....
389.2
374.8
Noncellulosic, except textile glass:
Yarn and monofilaments
do
35605 35244
Staple, incl. tow
do.... 3,970.6 3,947.3
Textile glass fiber
do
1 1672 13940
Fiber stocks, producers', end of period:
Acetate filament yarn
mil. Ib..
12.5
12.4
Rayon staple, including tow
do
233
285
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do....
301.7
274.9
Staple, incl. tow
do
3420
3527
Textile glass fiber
do
1247
2100
Manmade fiber and silk broadwoven fabrics:
Production(qtrly.), total #
mil. sq. yd.. 11,460.7 11,852.4
Filament yarn (100%) fabrics #
do.... 4,472.9 4,947.8
Chiefly rayon and/or acetate
fabrics
.
do ....
Chiefly nylon fabrics
do
357 1
5790
Spun yarn (100%) fabrics #
do.... 5,702.1 5,615.7
Rayon and/or acetate fabrics, blends
do....
869
1129
Polyester blends with cotton
do.... 4,417.4 4,317.7
Acetate filament and spun
yarn fabrics
do . . 10949 10570
Producer Price Index, gray synthetic
broadwovens *
12/75=100...
147.0
152.1
Manmade fiber textile trade:
Exports, manmade fiber equivalent
mil. Ibs.. 460.71 487.87
Yarn, tops, thread, cloth..
do
167 19 17906
Cloth, woven
. . .do
10866 10940
Manufactured prods., apparel,
furnishings
do
29352 30881
Imports, manmade fiber equivalent
do.... 1,069 49 1,342 57
Yarn, tops, thread, cloth
do.... 182.50 227.46
Cloth, woven
do .... 123.21 154.95
Manufactured products, apparel,
furnishings
do.... 886.99 1,115.10
Apparel, total
....do
57439 68747
Knit apparel
do
24130 27057
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
.
mil Ib
1290
1267
Carpet class
do
139
131
Wool imports, clean yield
do....
94.2
78.1
Duty-free..
..
do
287
309
Wool prices, raw, shorn, clean basis, delivered
to U.S. mills:
Domestic— Graded territory, 64's, staple 2%"
and up
dollars per Ib
«212
228
Australian, 64's, Type 62, duty-paid
do....
2.66
263
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. sq. yd..
159.4
143.5
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
mil. sq. yds., 1,090.1 1,114.9
APPAREL
Women's, misses', juniors' apparel cuttings: @
Coats
thous units
11 944 11934
Dresses . . . . .
do
163 506 162 296
Suits (incl. pant suits, jumpsuits)
do...
13,448 11,327
Skirts
do . 101
499 98544
r
Blouses
thous dozen
30 909 r27 313
See footnotes at end of tables.
365
3
65.9
452
2
67.4
264
I
64.6
292
I
64.6
484
(i)
61.8
629
(i)
55.8
793
2
52.1
766
3
48.9
625
5
54.5
544
6
55.9
426
1
54.7
353
2
57.5
252
(i)
'58.0
"54.5
67.4
63.0
61.2
61.2
60.4
60.4
60.0
58.6
60.2
61.7
60.1
59.8
59.6
57.9
136
51
135
51
134
51
134
51
130
51
13 1
50
129
49
128
48
129
48
128
48
128
48
12.8
47
12.6
46
61
305
22
4
60
298
22
r4
7.2
r
288
4
4.9
243
18
55
276
20
4
65
75
301
27
OOO
4
24
65
325
24
58
291
22
947
*62
247
*23
57
287
20
75
296
26
4
60
298
21
25
991
1,014
955
145
11 5
120
11 1
113
109
90
85
92
92
89
98
5.2
4.5
43
45
50
32
50
51
4.8
46
45
4.4
35
39
36
41
44
29
55
60
52
50
51
45
135
1017
128
913
157
801
167
806
14 1
660
135
598
159.2
159.3
159.0
158.4
157.9
157.6
158.3
156.7
156.5
156.2
155.6
155.7
54.6
85.8
9022
9555
3808
931 1
944.4
9670
944.2
153
283
124
285
18.9
324
19.4
281
3006
3736
1396
3017
3527
2100
328.1
3612
310.3
3402
2,921 5
1,235.6
2,878 2
1,275.1
2,747.6
1,166.9
1587
13556
1287
13042
1169
1,290.6
284
10376
24 1
10190
225
10250
2720
2428
2280
370
875
8346
9535
3429
153.3
153.6
151.9
152.5
151.0
150.1
40.63
13 13
908
4402
1559
980
4394
17 32
1024
4451
17 34
978
3694
1461
807
3769
14 10
875
2750
16947
25.44
17.34
2843
12772
21.64
15.63
2662
11480
2177
13.52
27 17
9879
1620
1264
2233
8051
1338
956
23 59
7456
1549
909
144.03
8889
3838
106.08
6793
2924
9304
6270
2670
8260
5478
2163
67 14
41 98
1524
5907
36 83
11 75
112
4
l0
6.0
26
85
13
6.9
25
89
9
56
15
494
230
247
221
249
218
255
r
83
r
6
9.6
45
99
9
6.4
29
230
2.55
230
2.59
1349
11 191
772
7,144
1914
1 558
11572
837
8,861
r
2113
r
528
85.6
500
940
4
148.1
68
15
93
13
107
36
83
12
5.8
16
214
251
205
246
1 95
233
4 g
29.7
367
2763
2659
634
1 565 1 231
10913 12682 11 403
754
'951
968
6260
8211 r 7771
2051 1851
1962
149.4
449
10905
820
5997
1456
147.3
4
98
4
r
315
13172
1^076
7917
r
2 110
303
14571
1^062
7529
r
2 158
148.4
e!o
22
88
10
5.7
30
93
10
71
29
185
236
182
227
1 91
234
15
r
147.0
147.3
r4
145.7
1 93
229
193
230
2530
2892
712
13 816
1238
7233
2212
146.5
67
7
7.3
38
391
568
15172
1,072
7011
2 ng
153.7
106
*8
4.9
21
432
404
14634
I'lll
7310
2299
156.2
r
947
11 079
1,159
r
6577
T
2 137
848
10262
1,117
6744
1 982
193
226
S-32
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,,..
Annual
September 1985
1985
1984
vnns
1983
1984
Aug.
July
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
996
1672
9388
14118
2636
24,113
858
1644
9972
13294
2569
24,156
894
1724
10874
16927
2618
24,721
775
1603
9016
17943
2741
24,229
Aug.
June
July
r
723
1576
r
8,012
19,020
r
2694
26,859
559
1,461
7,224
16,679
2 409
29,388
8253
3,495
495
1,025.9
4,029
494
511
May
TEXTILE PRODUCTS—Continued
APPAREL-Continued
Men's apparel cuttings: @ @
Suits
thous units
10873 11 994
Coats (separate), dress and sport
do
19216 20656
Trousers (separate), dress
do
113 016 122 965
Slacks (jean cut), casual
do
183 515 179 665
Shirts dress and sport
thous doz
40906 39 572
Hosiery, shipments
thous. doz. pairs.. 308,079 309,357
732
986
1 144
1 072
1 643 1772
1 506 1*766
7900
11045
9683 10670
15984 16*353 15689 14784
2974
3 003
3 061
3469
31,426 24^637 23,627 27,208
1 046
788
1612
1247
7450
9478
13682
11685
2 572
2 143
25,460 21,122
829
r
!877
r
9641
17,034
r
2963
25,768
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
(5)
Orders, new (net), qtrly, total
mil $
92930
(5)
U.S. Government
do
62347
(5)
Prime contract
do
91,160
Sales (net), receipts, or billings, quarterly,
(5)
total
do
82777
(5)
U.S. Government
do
49169
(5)
Backlog of orders, end of period # ...
do
116 276
(5)
U.S. Government
do
74,246
(5)
Aircraft (complete) and parts
do
48953
(5)
Engines (aircraft) and parts ..
do
12905
Missiles, space vehicle systems, engines,
(5)
propulsion units, and parts
mil. $.. 15,524
Other related operations (conversions, modi(5)
fications), products, services
mil $
14,548
Aircraft (complete);
99275 80762
Shipments t
do
44936 34489
Airframe weight t
thous Ib
Exports, commercial
mil $
3,989
5,569
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants):
6739
7621
Total ft
thous
6201
7030
Domestic tt
do
Retail sales, total, not seas, adj
do....
9,179 10,394
Domestics §.
do
6793
7952
Imports §
. .
do
2442
2386
Total, seas. adj. at annual rate ..
mil
Domestics §
do
Imports §
do
Retail inventories, end of period, domestics: §
Not seasonally adjusted
thous ..
1,352
1,415
Seasonally adjusted
do
1350
1410
Inventory-retail sales ratio, domestics §
2.4
2.1
Exports (BuCensus), total
do
551 16 61366
To Canada
do
52399 58930
Imports (ITC), complete units ##.. . . do
31338 35594
From Canada total
do
8368 10724
Registrations ^ total new vehicles
do
8924 10118
Imports, including domestically
sponsored
do
'2457
2523
Trucks and buses:
Factory sales (from U.S. plants):
Total @
do
2414
3075
Domestic @.
do
2260
2*884
Retail sales, not seasonally adjusted: *
Light-duty $$
do .
2,520 7 3,261 3
Medium-duty $$
do
477
609
Heavy-duty $$
do
1410
2162
Retail sales, seasonally adjusted:
Light-duty $ $ . . . .
do
Medium-duty £f
do
Heavy-duty $$
do
Retail inventories, end of period:
Not seasonally adjusted *
do
583.7
7828
Seasonally adjusted
do
5985
8064
Exports (BuCensus)
do
131.86 153.38
Imports (BuCensus), including separate
chassis and bodies
. thous ..
846.89 1,077.12
Registrations Q, new vehicles, excluding buses
not produced on truck chassis
thous
2977
4 047
Truck trailers and chassis, complete (excludes
detachables) shipments "j"
number
120 658 234 230
85,067 156,600
Van type t
•
do
Trailer bodies (detachable), sold
2,698
899
separately t
do .
Trailer chassis (detachable), sold
4,406 25529
separately 1" . ..
do
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all
railroads and private car lines (excludes
rebuilt cars and cars for export):
7
Shipments
number
5 772 1 12 396
Equipment manufacturers
do
'5570 1 12 396
1
New orders
do
5,964 15,460
Unfilled orders, end of period
do ...
Equipment manufacturers
do...
Freight cars (revenue), class I railroads(AAR): $
Number owned end of period
thous
Capacity (carrying), total, end of month
mil tons
Average per car
tons
See footnotes at end of tables.
3,271
3,271
5,154
4,748
r
4760
2114
137
7161
3 143
389
6492
2,810
261
9125
3,583
344
12336
4,883
668
4109
1,969
363
974.8
3,747
436
1,036.9
4,398
761
1,067 7
4,267
667
517
474
890
684
206
105
8.1
23
519
486
814
604
210
101
7.8
24
538
493
744
567
178
10.2
7.8
24
686
641
900
690
211
10.0
7.4
27
668
622
802
601
201
10.0
7.4
26
553
511
759
561
199
109
8.2
27
733
685
835
628
207
10.9
84
25
659
606
839
645
193
11.0
8.5
24
736
664
970
769
201
10.7
8.4
22
744
677
987
787
200
11.1
8.7
24
760
693
1,075
808
267
11.3
8.4
29
677
612
926
677
249
10.3
7.6
2.7
900
634
267
10.3
7.4
2.9
1,001
745
'256
12.6
9.7
'2.9
1,298
1277
1.9
4175
4040
3231
67 0
903
1,268
1320
20
3174
3060
2710
79 1
852
1,266
1273
2.0
4801
4689
2696
798
874
1,293
1293
2.1
4206
4026
2869
921
834
1,404
1396
2.3
5263
5093
2919
960
816
1,415
1 410
21
4528
41 56
4
267 8
81 5
823
1,608
1556
2.2
5326
4999
3814
82 5
789
1,604
1 549
2.2
5886
5626
3152
868
790
1,571
1536
2.2
7352
7124
3271
956
927
1,563
1495
2.1
7239
6987
3436
925
936
1,546
1476
2.1
6808
6653
382.5
1047
912
1,573
1,523
2.2
67.49
66.27
431.8
1110
923
1,580
1,537
2.5
52.09
49.92
332.1
699
949
1,410
1,408
1.7
224
228
231
208
208
224
208
202
222
216
211
256
291
208
194
261
246
243
230
283
268
263
248
218
203
257
244
265
249
292
272
286
266
320
298
295
273
2759
70
199
2312
50
179
2473
54
191
2950
61
202
2699
55
168
2401
50
189
2870
47
172
300.5
39
156
3390
50
206
308.1
41
221
333.5
48
20.2
329.9
4.7
19.8
332.5
5.0
18.8
266.6
5.0
16.8
2901
52
194
2446
45
178
2699
sis
202
2948
59
198
2941
73
206
269 0
60
195
2998
55
176
321
2
3
4.7
17.9
3015
5.2
194
2942
3.9
19.2
2777
4.4
18.8
312.7
4.5
19.2
326.8
3.6
17.8
293.4
4.5
17.1
6367
6608
1090
6968
7295
937
7278
7444
1253
7500
7434
1148
7882
7823
11 52
7828
8064
1250
8139
7923
11.01
821.5
8113
14.70
8084
7980
15.21
820.5
8130
17.39
838.0
831.6
17.84
830.5
799.7
17.64
725.0
752.7
14.53
760.9
794.0
9530
7875
94.35
8413
9013
86.12
105.63
109.91
106.08
118.70
119.48
111.87
109.14
3934
1 535
246
3
3
3
(2)
(2)
347
330
357
350
341
361
334
346
403
398
378
399
436
19477
12640
21 525
14425
18600
11677
20996
12573
18459
11799
20892
12957
13708
9,214
15603
10,376
15619
10,367
16,043
10,339
14,869
r
9,609
13,273
8,443
18
40
19
13
1,714
1,559
1,421
923
31
163
113
132
69
21
14473
9389
9
2398
2848
2292
2326
2,132
1487
819
1327
1327
607
1300
1300
785
1465
1465
775
1295
1295
1,578
1225
1225
525
796
796
751
1223
887
403
830
830
650
868
868
1,553
979
979
816
6,821
6,571
6,306
6,056
5,616
5,366
5,899
5,493
5,199
4,793
5,154
4,748
4,134
4,064
3,954
3,884
4,629
4,559
4,466
4,396
948
943
938
909
905
902
894
892
7850
8326
7804
8324
7576
8334
7552
8342
7523
8345
7468
83.58
7458
83.65
1007
948
975
972
967
958
952
8296
82.37
7902
8334
8084
8290
8066
8296
80.21
82.96
7971
8318
7933
8330
7902
8334
15
31
817
984
966
896
593
1,077
1,077
827
1,075
1,075
1,090
1,034
1,034
770
4,093
4,093
3,843
3,843
3,858
3,858
3,594
3,594
r
Q97
S-33
SURVEY OF CURRENT BUSINESS
September 1985
FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r
p
e
c
Page S-l
t Revised series. See Tables 2.6-2.9 in the July 1984 SURVEY for revised estimates for
1981-84.
$ Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.
O See note "O" for p. S-2.
Page S-2
1. Based on data not seasonally adjusted.
O The figures presented here reflect revisions of the industrial production index introduced by the Federal Reserve Board in July 1985. The revision moves the reference year of
the index from 1967 to 1977= 100, and increases the number of basic index series from 235
to 252. New value-added weights were assigned to each series for 1977. A detailed description of the revision and its results are in the July 1985 issue of the Federal Reserve Bulletin
(pp. 487-501).
*New series. See note "O" for this page.
# Includes data not shown separately.
$ See note "$" for p. S-8.
t See note "t" for p. S-8.
tt See note "tt" for p. S-3.
@ Revised series. For manufacturing see note "tt" for p. S-3. For retail see note "$" for
p. S-8. For wholesale see note "t" for p. S-8.
§ Revised series. Data have revised back to 1981, effective with the August 1984 SURVEY. Revisions are available upon request.
Page S-3
# Includes data for items not shown separately.
$ See note "$" for p. S-8.
t See note "t" for p. S-8.
tt Effective June 1985 SURVEY, data have been revised for Jan. 1978-Dec. 1984. A
detailed description of this revision and data appear in the report "Manufacturers' Shipments, Inventories, and Orders" M3-1.14 (1978-1984). Copies of this report can be purchased from the Superintendent of Documents, U.S. Government Printing Office, Washington,
DC 20402. A computer tape of the report, including data back to 1958 can be purchased
from the Data User Services Division, Customer Services Branch, Bureau of the Census,
Washington, DC 20233.
@ See note "@" for p. S-2.
§ See note "§" for p. S-2.
Page S-4
1. Based on data not seasonally adjusted.
# 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.
t See note "tt" for p. S-3.
O For these industries (food and kindred products, tobacco, apparel and other textile
products, petroleum and coal, chemicals and allied products, and rubber and plastics products) sales are considered equal to new orders.
Page S-5
1. Based on unadjusted data.
2. The annual liabilities figure for 1983 is $16,072,860,000.
3. See note "O" for this page.
(5) Compiled by Dun & Bradstreet, Inc. Monthly data are now available through 1983,
and are available upon request.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
$ See note "$" for p. S-4.
t Effective with the Feb. 1984 SURVEY, data (back to 1981 for some commodities) have
been revised. Effective with the July 1985 SURVEY, data (back to 1982, for some commodities) have been revised. These revisions are available upon request.
O Beginning with data for Jan. 1983 (Jan. 1985, for CPI-W), the index is affected by a
change in methodology used to compute the homeownership component. For additional
information regarding this change, see p. S-36 of the Feb. 1983 SURVEY.
# New series.
tt See note "tt" for p. S-3.
Page S-6
§ For actual producer prices or price indexes of individual commodities, see respective
commodities in the Industry section beginning p. S-l9. All indexes subject to revision four
months after original publication.
Revised,
Preliminary,
Estimated,
Corrected.
# Includes data for items not shown separately.
# New series. This index (first shown in the Feb. 1984 SURVEY) reflects costs associated
with homeowners' consumption of shelter service. This new index combines the subindexes
of owners' equivalent rent and household insurance. Indexes prior to Dec. 1982 are not
available. For additional information, see p. S-36 of the Feb. 1983 SURVEY.
$ Effective with the Feb. 1984 SURVEY, data have been revised back to 1979. Effective
with the Mar. 1985 SURVEY, data have been revised back to 1980. These revisions are
available upon request.
t Effective with the Feb. 1984 SURVEY, data back to 1979 have been revised. Effective
with the Feb. 1985 SURVEY, data back to 1980 have been revised. These revisions are
available upon request.
O See note "O" for p. S-5.
Page S-7
1. Computed from cumulative valuation total.
2. Index as of Sept. 1, 1985: building, 361.2; construction, 390.4.
3. Data are for 16,000 permit-issuing places.
O Effective July 1985 SURVEY, data have been revised back to Jan. 1982. In addition to
the normal revisions, new housing units, residential buildings, private construction, and
total new construction have been revised back to Jan. 1976, based on revised estimates for
1-unit residential buildings. These revisions, resulting in a break in the series, reflect a
procedural change in the estimation of the value of units started and a coverage change to
include land development done by the builder. Revised data are available upon request.
# Includes data for items not shown separately.
§ Data for Aug. and Nov. 1984, and Jan. and May 1985 are for five weeks; other months
four weeks.
t Effective Feb. 1984 SURVEY, data for seasonally adjusted housing starts have been
revised back to 1981. Effective Feb. 1985 SURVEY, data have been revised from 1982-84.
These revisions are available upon request.
$ Effective Feb. 1985 SURVEY, data for building permit authorizations are based on
17,000 permit-issuing places beginning with Jan. 1984. These revisions are available upon
request.
@ Effective Feb. 1984 SURVEY, data for seasonally adjusted manufacturer's shipments
of mobile homes have been revised back to 1981. Effective Feb. 1985 SURVEY, unadjusted
data for Jan. 1982 through June 1984, and seasonally adjusted data from Jan. 1982 through
Nov. 1984 have been revised. These revisions are available upon request.
Page S-8
1. Advance estimate.
2. Direct endorsement cases are included beginning with June data.
3. January and February 1983 revised monthly figures are not available from source, but
they are included in the 1983 revised annual total.
4. New series effective Sept. 1985 SURVEY. All activity reported on a gross basis (i.e.,
the entire amount of loan) including refinancings and combination construction—purchase
loans. Revised data are now available back to Jan. 1984. Earlier data will be available later.
O Home mortgage rates (conventional first mortgages) are under money and interest
rates on p. S-l4.
§ Data include guaranteed direct loans sold.
# Includes data for items not shown separately.
t Effective April 1985 SURVEY, wholesale trade data have been revised for Jan. 1977-Dec.
1984. A detailed description and the revised series appear in the report "Revised Monthly
Wholesale Trade" BW-13-85, available from the Bureau of the Census, Washington, DC
20233; $2.50 per copy.
$ Effective April 1985 SURVEY, retail trade data have been revised for Jan. 1977-Dec.
1984. Revised data and a summary of changes appear in the report "Revised Monthly Retail
Sales and Inventories" BR-13-85, available from the Bureau of the Census, Washington,
DC 20233; $2.75 per copy.
* New series. Annual data for earlier periods are available upon request. Monthly data
for earlier periods will be available later.
Page S-9
1. Advance estimate.
# Includes data for items not shown separately.
O Effective with the January 1985 SURVEY, the seasonally adjusted labor force series
have been revised back to January 1980. Effective with the January 1984 SURVEY, the
seasonally adjusted labor force series have been revised back to January 1979. Revised
monthly data back to 1980 appear in the January 1985 issue of Employment and Earnings.
Revised monthly data for 1979 appear in the February 1984 issue of Employment and
Earnings.
t The participation rate is the percent of the civilian noninstitutional population in the
civilian labor force. The employment-population ratio is civilian employment as a percent
of the civilian noninstitutional population, 16 years and over.
t See note "$" for p. S-8.
* New series.
(3) Data include resident armed forces.
S-34
SURVEY OF CURRENT BUSINESS
Page S-10
September 1985
Page S-15
O See note "O" for p. S-9.
1. Beginning 1983, the reporting frequency has been changed from a monthly to a quar* New series.
terly basis.
t Effective June 1985 SURVEY, data have been revised back to April 1983 (not season2. This series has been discontinued.
ally adjusted) and January 1980 (seasonally adjusted) based on the March 1984 bencht Effective Feb. 1985 SURVEY, the money stock measures and components have been
mark, an improved method for estimating the employment effect of new firms entering the
revised and are available from the Banking Section of the Division of Research and Statiseconomy, and revised seasonal factors. The June 1985 issue of "Employment and Earntics at the Federal Reserve Board, Washington, D.C. 20551
ings" contains a detailed discussion of the effects of the revisions.
$ Composition of the money stock measures is as follows:
A/7.—This measure is currency plus demand deposits at commercial banks and interestearning checkable deposits at all depository institutions—namely NOW accounts, autoPage S-ll
matic transfer from savings (ATS) accounts, and credit union share draft balances—as well
as a small amount of demand deposits at thrift institutions that cannot, using present data
$ This series is not seasonally adjusted because the seasonal component is small relative
sources, be separated from interest-earning checkable deposits.
to the trend-cycle and/or irregular components and consequently cannot be separated with
M2.—This measure adds to Ml overnight repurchase agreements (RP's) issued by comsufficient precision.
mercial banks and certain overnight Eurodollars (those issued by Caribbean branches of
O Production and nonsupervisory workers.
member banks) held by U.S. nonbank residents, money market mutual fund shares;, and
* New series.
savings and small-denomination time deposits (those issued in denominations of less than
t See note"t" for p. S-10.
$100,000) at all depository institutions. Depository institutions are commercial banks (including U.S. agencies and branches of foreign banks, Edge Act corporations, and foreign investment
Page S-12
companies), mutual savings banks, savings and loan associations, and credit unions.
M3.—This measure equals M2 plus large-denomination time deposits (those issued in denomi1. This series is not seasonally adjusted because the seasonal component is small relative
nations of $100,000 or more) at all depository institutions (including negotiable CD's) plus
to the trend-cycle and/or irregular components and consequently cannot be separated with
term RP's issued by commercial banks and savings and loan associations.
sufficient precision. Use the corresponding unadjusted series.
L.—This broad measure of liquid assets equals M3 plus other liquid assets consisting of
O Production and nonsupervisory workers.
other Eurodollar holdings of U.S. nonbank residents, bankers acceptances, commercial
$ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
paper, savings bonds, and marketable liquid Treasury obligations.
Consumer Price Index.
t$ Includes ATS and NOW balances at all depository institutions, credit union share
§ Wages as of Sept. 1, 1985: Common, $15.95; Skilled, $21.00.
draft balances, and demand deposits at thrift institutions.
* New series.
O Overnight (and continuing contract) RP's are those issued by commercial banks to the
@ New series. The Employment Cost Index (ECI) is a quarterly measure of the average
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
change in the cost of employing labor. See p. S-36 of the August through October 1984
banks to U.S. nonbank customers.
issues of the SURVEY for a brief description of the ECI.
* New series. For "Other checkable deposits," see also note "$$" for this page.
t Excludes farm, household, and Federal workers.
(a) Small time deposits are those issued in amounts of less than $100,000. Large time
ft See note 'T'for p. S-10.
deposits are those issued in amounts of $100,000 or more and are net of the holdings of
domestic banks, thrift institutions, the U.S. Government, money market mutual funds, and
foreign banks and official institutions.
Page S-13
# Includes data for items not shown separately.
§ Number of issues represents number currently used; the change in number does not
1. Average for Dec.
affect the continuity of the series.
2. Reported annual; monthly revisions are not available.
@@ Series has been revised back to 1971. Private placement data, which was published
3. Effective December 1, 1982, there was a break in the commercial paper series because
through 1982, has been eliminated from the historical data. Public exempt offerings are not
of changes in reporting panels, modifications to reporting instructions and corrections to
included in data prior to Jan. 1985.
misreported bank data.
$ Effective January 1984, series revised due to changes in the reporting panel and in the
item contents. The new panel includes 168 banks that had domestic office assets exceeding
$1.4 billion as of December 31, 1982. Beginning Jan. 1985, data are as of the last WednesPage S-16
day of the month. Earlier data are as of the Wednesday nearest the end of the month or year
1. The Aaa public utility average was suspended Jan. 17, 1984, because of a lack of
(meaning some data are as of the first Wednesday of the next month).
appropriate issues. The average corporate and the Aaa corporate do not include Aaa utili# Includes data for items not shown separately.
ties from Jan. 17 to Oct. 12. The Aaa utility average was reinstated on Oct. 12; the Oct.
tt Reflects offsetting changes in classification of deposits of thrift institutions. Deposmonthly average includes only the last 14 days of the month.
its of thrifts were formerly grouped with deposits of individuals, partnerships, and corpora§ Number of issues represents number currently used; the change in number does not
tions, instead of with deposits of commercial banks in the United States.
affect the continuity of the series.
* "Transaction balances other than demand deposits" consists of ATS, NOW, super
$
For bonds due or callable in 10 years or more.
NOW, and telephone transfer accounts, which formerly were classified with savings depos# Includes data for items not shown separately.
its. "Nontransaction balances" reflects the combination of deposits formerly reported sep@ Data may not equal the sum of the geographic regions, or commodity groups and
arately as time deposits and the savings deposits remaining after deduction of the items now
principal commodities, because of revisions to the totals not reflected in the component
reported separately under "transaction balances."
items.
§ Excludes loans and federal funds transactions with domestic commercial banks and
O As of Jan. 25, 1984, the base period was changed to 1982= 100.
includes valuation reserves (individual loan items are shown gross; i.e., before deduction of
valuation reserves).
O Securities of Federal agencies and corporations have been shifted out of "other secuPage S-17
rities" and are now combined with U.S. Treasury securities. Also, loan obligations of States
1.
Beginning
with
Jan.
1982
data,
the Customs value is being substituted for the f.a.s.
and political subdivisions have been shifted out of "other securities" and are now shown
value.
separately among the loan items.
# Includes data not shown separately.
(a) Insured unemployment (all programs) data include claims filed under extended duration
§ Data may not equal the sum of geographic regions, or commodity groups and principal
provisions of regular State laws; amounts paid under these programs are excluded from
commodities, because of revisions to the totals not reflected in the components.
state benefits paid data.
@@ Insured unemployment as a percent of average covered employment in a 12-month
period.
Page S-18
Page S-14
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
2. Weighted by number of loans.
3. Does not include a prior period adjustment of $326 million.
t Effective March 1985 SURVEY, the consumer installment credit series have been revised
back to July 1980 to reflect more complete benchmark data for some of the components.
# Includes data for items not shown separately.
O Adjusted to exclude domestic commercial interbank loans and federal funds sold to
domestic commercial banks.
$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
J$ Courtesy of Metals Week.
@(5) Average effective rate
* New series. For an explanation of the prime rate and historical data, see p. S-36 of the
June or July 1984 SURVEY.
1. See note 1 for p. S-17.
2. Annual total; quarterly or monthly revisions are not available.
3. Restaurant sales index data represent hotels and motor hotels only.
4. For month shown.
5. Domestic trunk operations only (averaging about 90 percent of domestic total).
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service.
$ Beginning Jan. 1977, Class I railroads are defined as those having operating revenues
of $50 million or more.
O Average daily rent per room occupied, not scheduled rates.
## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.
* New series.
@ Beginning 1984, data are on a depreciation accounting system; prior data were on a
retirement-replacement-betterment accounting system,
t Before extraordinary and prior period items.
S-35
SURVEY OF CURRENT BUSINESS
September 1985
Page S-19
Page S-25
1. Reported annual total; monthly revisions are not available.
2. Data for 1984 are not comparable to 1983 because of court ordered divestiture.
3. Less than 500 short tons.
4. Data are unavailable after 1983.
5. Effective with 1985, data are reported on a quarterly basis.
6. Data are no longer available.
# 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 data back to 1981 have been revised and are available upon request.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data back to 1980
are available upon request.
@ Because of deregulation, carriers are free to enter both domestic and international
markets. Previously, carriers were limited either to domestic or overseas markets. Separate
data for domestic or overseas are no longer available.
1. Annual data; monthly revisions are not available.
2. For month shown.
t Beginning January 1982, data represent metallic (mostly aluminum) content. Data for
1981 and prior years represent aluminum content only.
# New series. Estimated U.S. free market price, prompt delivery to the Midwest.
O The source for these series is now the Bureau of Mines.
§ New series. Source: Metals Week.
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. See note "#" for this page.
3. See note 5 for p. S-19.
§ Data are not wholly comparable from year to year because of changes from one classification to another.
$ Revised quarterly data for 1981-83 are available upon request.
O Effective 1983, data are based on a new sample of approximately 150 establishments,
which was selected using the 1981 annual survey "Paints and Allied Products" panel as a
universe frame. Comparable data for 1979-82 and revisions for 1983 are available upon
request.
t Effective with the July 1984 SURVEY, data for 1980-82 (and 1975 for revenue from
sales to customers) have been revised. Effective with the Feb. 1985 SURVEY, data for 1982-83
have been revised. These revisions are available upon request.
# Effective with the Sept. 1985 SURVEY, monthly data have been restated back to Jan.
1984 to include consumption for Hawaii. Prior to 1984, consumption for Hawaii is reflected
in annual totals only.
Page S-21
1. Previous year's crop; new crop not reported until Oct. (beginning of new crop year).
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. Figure represents June 1, 1983 stocks (based on previous year's crop); whereas, 1982
and earlier annuals are for stocks ending Dec. 31 of the respective calendar year. Comparable estimates are no longer available.
6. See note "@" for this page.
7. Less than 50,000 bushels.
8. Data are no longer available.
9. Sept. 1 estimate of 1985 crop.
§ Excludes pearl barley.
# Bags of 100 Ibs.
(a) Data are quarterly except for June (covering Apr. and May) and Sept. (covering
June-Sept.).
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data for earlier
periods are available upon request.
** New series, first shown in the Sept. 1984 SURVEY. Annual and monthly indexes for
earlier periods are available upon request.
Page S-22
§ Cases of 30 dozen.
O Bags of 60 kilograms.
t Monthly revisions for 1982 are available upon request.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes covering wheat for earlier periods are available upon request.
Page S-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
3. Sept. 1 estimate of 1985 crop.
# Totals include data for items not shown separately.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes for
earlier periods are available upon request.
t New series.
O Effective Dec. 1983 SURVEY, the footwear production series have been revised back
to Jan. 1981. Effective Dec. 1984 SURVEY, the footwear production series have been revised
back to Jan. 1982. Effective Sept. 1985 SURVEY, the footwear production series have been
revised for 1983 and 1984.
** New series. Source: Bureau of Labor Statistics.
Page S-24
1. Annual data; monthly revisions not available.
2. Less than 500 tons.
3. Beginning January 1985, data have been revised because of a new estimation procedure and may not be comparable to earlier periods.
t New series.
Page S-26
1. Annual data; monthly revisions are not available.
2. Less than 50 tons.
3. Quarterly data were discontinued for 1983 and reinstated beginning first quarter 1984.
4. Beginning 1st quarter 1984, data have been revised because of a new sample and may
not be comparable to earlier periods.
O 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.
$ Source for monthly data: American Bureau of Metal Statistics. Source for annual
data: Bureau of Mines.
# Includes data not shown separately.
§ Beginning with the Aug. 1985 SURVEY, unadjusted fluid power shipments indexes are
shown. Seasonally adjusted indexes are no longer available.
Page S-27
1. Data withheld to avoid disclosing information for individual companies.
2. Data are for five weeks; other months 4 weeks.
3. Comparable data are no longer available.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke. See also note "$" for this page.
O Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not shown separately.
t Effective with the Nov. 1983 SURVEY, data for 1982 have been revised. Effective with
the June 1984 SURVEY, data for 1983 have been revised. Effective with the December 1984
SURVEY, coal production data for 1983 have been revised. Effective with the May 1985
SURVEY, coal consumption and stocks for 1984 have been revised. These revisions are available
upon request.
# New series. Includes U.S. produced and imported microwave ovens and combination
microwave oven/ranges.
$ Effective with the July 1984 SURVEY, data for 1983 have been revised. Effective with
the July 1985 SURVEY, data for 1984 have been revised. These revisions are available upon
request.
Page S-28
1. Reported annual totals; revisions not allocated to the months.
2. Effective with Jan. 1983, data include road oil. Total road oil data for 1982 were
(thous. bbl.): 591, domestic demand; 610, production; 47, stocks.
3. Effective with the Jan. 1985 price, gasoline that contains alcohol as an additive is
included.
4. Effective with June 1985, indexes reflect price movements through the middle of the
month for which they are shown. Indexes prior to June 1985 were based on prices for the
previous month; reflecting a one-month lag in pricing.
t New series. First shown in March 1984 SURVEY. Earlier data are available upon
request.
# New series, first shown in the Feb. 1984 SURVEY. Prices back to 1974 are available
upon request.
# Includes data for items not shown separately.
$ Except for price data, see note "t" for p. S-27.
Page S-29
1. See note 1 for p. S-28.
2. Average for 11 months; no price available for Dec. 1983.
0> Source: American Paper Institute. Total U.S. estimated consumption by all newspaper users.
t See note "t" for p. S-28.
# Compiled by the American Newspaper Publishers Association.
Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Crop for the year.
3. Data cover five weeks; other months, four weeks.
4. Data are no longer available.
5. Beginning Jan. 1985, figure includes sales of water/moisture resistant board, not shown
separately.
6. Beginning 1st quarter 1985, value of shipments for rolled and wire glass is excluded.
Comparable 4th quarter 1984 figure, which excludes such shipments, is $243,820,000.
# Includes data for items not shown separately.
O Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
$ Monthly revisions for 1982 and 1983 are available upon request.
t Monthly revisions for 1981-84 are available upon request.
@ Effective with the Mar. 1984 SURVEY, sales of regular basecoat and all other building plasters (including Keene's cement) have been combined to represent sales of total
building plasters. For comparability, earlier published figures for these two series should be
combined.
S-36
SURVEY OF CURRENT BUSINESS
Page S-31
1. Less than 500 bales.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. Average for 10 months; no data for Jan.-Feb.
O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price
reflects total quantity purchased and dollars paid for the entire month (revised price includes discounts and premiums).
# Includes data not shown separately.
* New series.
§ Bales of 480 Ibs..
(2) Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.
Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Aug. 1985: passenger cars, 548; trucks
and buses, 292.
3. Effective with the Feb. 1984 SURVEY, data have been revised back to 1981. Effective
with the Mar. 1985 SURVEY, data have been revised back to 1982. These revisions, which
were made to reflect updated seasonal factors, are available upon request.
4. See note "##" for this page.
September 1985
5. Series has been discontinued.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.
Imports comprise all other cars.
O Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some states
are not available, month-to-month comparisons are not strictly valid.
$ Excludes railroad-owned private refrigerator cars and private line cars.
t Monthly revisions for aircraft shipments and airframe weight for 1982 and 1983 are
available upon request. Monthly revisions for truck trailers, etc. for 1981-83 are available
upon request.
@ Includes passenger vans.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data back to
1967 are available upon request.
tt Includes Volkswagens produced in the U.S.
$$ Sizes (gross vehicle weight) are classified as follows: Light-duty, up to 14,000 Ibs.;
medium-duty, 14,001 - 26,000 Ibs.; and heavy-duty, 26,001 Ibs. and over.
## Annual and monthly data back to 1981 have been replaced with total imports of
passenger cars published by the International Trade Commission, which exclude estimated
quantities of passenger cars assembled in foreign trade zones. These new data, which are
comparable with data previously published for 1980 and earlier periods, are available: upon
request.
Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
S1-S36
TO CUI
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate...
Domestic trade
Labor force, employment, and earnings....
Finance
.
Foreign trade of the United States
Transportation and communication
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
Lumber and products
Metals and manufacturers
Petroleum, coal, and products
Pulp, paper, and paper products
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
Footnotes
1-5
5,6
7,8
8,9
9-13
13-16
16-18
18,19
19,20
20
20-23
23
23,24
24-27
27,28
28,29
29
30
30-32
32
33-35
INDIVIDUAL SERIES
Advertising
8, 12
32
Aerospace vehicles .
13
Agricultural loans
18
Air carrier operations
27
Air conditioners (room)
4,32
Aircraft and parts
Alcohol, denatured and ethyl...
19
8, 20
Alcoholic beverages
25
Aluminum
..........
2, 4-6, 8-12, 31, 32
Apparel
...
28
Asphalt
Automobiles, etc
2-4, 6, 8, 9, 14,15, 17, 32
Banking
,
,
13, 14
Barley
21
Battery shipments
27
Beef and veal
;..
22
Beverages
8,17, 20
Blast furnaces, steel mills
3-5
Bonds, prices, sales, yields
15,16
Brick
30
Building and construction materials
2, 4, 5
Building costs
7
Building permits
7
Business incorporation (new), failures
5
Business sales and inventories
2, 3
Butter
21
31
Carpets
22
Cattle and calves
30
Cement
Chain-store sales, firms with 11 or more
9
stores (retail trade)
21
Cheese
2-4,10-12,15,17,19,20
Chemicals
,
23
Cigarettes and cigars.
2-4, 30
iw>.
Clay products
Clothing (see apparel)
2,27
22
Cocoa
22
Coffee
27
Coke
Combustion, atmosphere, heating equip26
ment
..•
»•*..«*...«
15,19
Communication
Construction:
7
Contracts
7
Costs
Employment, unemployment, hours,
10-12
earnings
7
Housing starts
7
New construction put in place
14
Consumer credit
,
Consumer goods output, index
1, 2
Consumer Price Index
5, 6
Copper and copper products
25, 26
Corn
21
Cost of living (see Consumer Price Index)
5, 6
Cotton, raw and manufactures
5, 30, 31
Credit, commercial bank, consumer
14
Crops
5, 21, 23, 30
Crude oil
3, 27
Currency in circulation
15
Dairy products
,
5, 21
Debt, U.S. Government
14
Deflator, PCE
1
Department stores, sales, inventories
9
Deposits, bank
13,15
3h
Dishwashers and disposers
Disposition of personal income
Distilled spirits
Dividend payments
Drugstores, sales
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
Electrical machinery and equipment
27
1
20
1,15
8, 9
12
8, 9
5, 22
2, 20
2-5,
10-12, 15, 27
Employee-hours, aggregate, and indexes
11
Employment and employment cost
10-12
Explosives
20
Exports (see also individual commodities)
16-18
Failures, industrial and commercial
5
Farm prices
5, 6
Fats and oils
17
Federal Government finance
14
Federal Reserve banks, large commercial
13
Federal Reserve member banks
13
Fertilizers
19
Fish
22
Flooring, hardwood
24
Flour, wheat
22
Food products
2-6, 8, 10-12, 15, 17, 20-23
Foreign trade (see also individual commod.)
16-18
Freight cars (equipment)
32
Fruits and vegetables
5
Fuel oil
6, 28
Fuels
2, 6, 17, 27, 28
Furnaces
27
Furniture
2, 6, 8-12
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
*
Gypsum and products
2, 6, 20
28
30
19
14
5, 21, 22
9
30
Hardware stores
8
Heating equipment
26
Help-wanted advertising index
12
Hides and skins
6
Hogs
22
Home loan banks, outstanding advances
8
Home mortgages
*
8
Hotels, motor hotels and economy hotels
18
Hours, average weekly
11
Housefurnishings
2, 4, 6, 8, 9
Household appliances, radios, and television sets
27
Housing starts and permits
7
Imports (see also individual commodities)
17, 18
Income, personal
1
Income and employment tax receipts
14
Industrial production indexes:
By industry
,
1, 2
By market grouping
.
1, 2
Installment credit
14
Instruments and related products
2-4,10-12
Interest and money rates
14
Inventories, manufacturers' and trade
3, 4, 9
Inventory-sales rates
3
Iron and steel
2, 15, 24, 25
Labor force
9, 10
Lamb and mutton
22
Lead
26
Leather and products
2, 6, 10-12, 23
Livestock
5, 22
Loans, real estate, agricultural, bank (see also
Consumer credit)
8, 13
Lubricants
28
Lumber and products
2, 6, 10-12, 23, 24
Machine tools..
26
Machinery
2-6, 10-12,15, 17, 26, 27
Manufacturers' sales (or shipments), inventories,
orders
3—5
Manufacturing employment, unemployment,
production workers, hours, earnings
10-12
Manufacturing production indexes
1, 2
Meat animals and meats
5, 22
Medical care
6
Metals
2-6, 10-12, 15, 24-26
Milk
21
Mining
2, 10-12
Mobile homes, shipments, installment credit
7, 14
Monetary statistics
15
Money and interest rates
14
Money supply
,
15
Mortgage applications, loans, rates
8, 13, 14
Motor carriers
18
Motor vehicles
2-4, 6, 8, 9, 15,17, 32
National parks, visits
18
Newsprint
29
New York Stock Exchange, selected data
16
Nonferrous metals
,
2, 4, 5,15, 25, 26
Oats
21
Oils and fats
17
Orders, new and unfilled, manufacturers'
4, 5
Outlays, U.S. Government
,
14
20
Paint and paint materials
Paper and products and pulp....
6, 10-12, 15, 28, 29
Parity ratio
5
Passenger cars
2-4, 6, 8, 9, 15, 17, 32
Passports issued
18
Personal consumption expenditures
1
Personal income
1
Personal outlays
1
Petroleum and products
2-4,
"!«!!!"!"!!!!!«! 2-4,
10-12,15,17,27,28
Pig iron
24
Plastics and resin materials
20
Population
•.
9
Pork
22
Poultry and eggs
5, 22
Price deflator, implicit (PCE)
1
Prices (see also individual commodities)
5, 6
Printing and publishing
•.
2,10-12
Private sector employment, hours, earnings
10-12
Producer Price Indexes (see also individual commodities)
6
Profits, corporate
15
Public utilities
1, 2, 7, 15, 20
Pulp and pulpwood
,
28
Purchasing power of the dollar
6
Radio and television
8, 27
Railroads
13, 18, 32
Ranges and microwave ovens
27
Real estate
8,13
Receipts, U.S. Government
14
Refrigerators and freezers
27
Registrations (new vehicles)
«...
32
Rent (housing)
6
Retail trade
2, 3, 5, 8-12, 32
Rice
21
Rubber and products (incl. plastics)
2-4,
6, 10-12, 29
1
Saving, personal
Savings and loan associations...
13, 15
Savings deposits
15
Securities issued
15,16
Security markets
6, 10-12
Services
,
22
Sheep and lambs
23
Shoes and other footwear
14
Silver
31
Spindle activity, cotton
24, 25
Steel and steel manufactures .
Stock market customer financing
15
Stock prices, yields, sales, etc
16
Stone, clay, glass products
2-4,10-12,15, 30
23
Sugar..
19
Sulfur
19
Sulfuric acid
19
Superphosphate
31
Synthetic textile products.
!!!!!"!"!"!"! s, 14
Tea imports
23
Telephone and telegraph carriers
19
Textiles and products
2-4, 6, 10-12, 15, 30, 31
Tin
26
Tires and inner tubes
29
Tobacco and manufactures
2-4, 10-12, 23
Tractors
27
Trade (retail and wholesale)
2, 3, 5, 8-12, 32
Transit lines, urban
18
Transportation
6, 10-12, 15, 18
Transportation equipment
2-6, 10-12, 15, 17, 32
Travel
18
Truck trailers
32
Trucks
2, 32
9, 10, 13
Unemployment and insurance
16
U.S. Government bonds
U.S. Government finance
14
Utilities
.... 2, 6, 7, 15, 20
27
Vacuum cleaners
,
9
M
s
Variety stores
5
Vegetables and fruits
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc...
flour
1, 12
27
27
21, 22
2, 3, 5, 8, 10-12
28
31
26
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