Full text of Survey of Current Business : September 1992
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SEPTEMBER 1992
<-=*=>> VOLUME 72 NUMBER
9
SURVEY of CURRENT BUSINESS
^~P3
IN THIS ISSUE . . ,
U.S. International Sales and Purchases of Services
U.S. DEPARTMENT OF COMMERCE ^<v ECONOMICS AND STATISTICS ADMINISTRATION
BUREAU OF ECONOMIC ANALYSIS
SEPTEMBER 1992
<*^»
VOLUME J2 NUMBER
SURVEY o/ CURRENT BUSINESS
t£S. Department of Commerce
1
Business Situation
3 Corporate Profits
5
National Income and Product Accounts
Batbatallackmaa Braaklm, Secretary
Economics and Statistics
Administration
£ Antonio Vffiamil,
Under Secretary for Economic Affairs
5
24
26
27
37
38
40
Bureau of Economic Analysis
CaM$. Carson, Director
lA!toH,T0ttag> Acting
] deputy Director
48
Capital Expenditures by Majority-Owned Foreign Affiliates
of U.S. Companies, Latest Plans for 1992
56
U.S. International Transactions, Second Quarter 1992
82
U.S. International Sales and Purchases of Private Services
• U.S. Cross-Border Transactions, 1986-91
• Sales by Affiliates, 1989-90
MamgitfgMitof;
Publication Staff; vW, Roiinie Foster,
M. Cketcte Gtbsoij> Eric B, Manning,
Donald
? Ctx&EENT BUSINESS. Published
jitbly by the Barcau of Economic Analysis of the
0»S.0e^a^nent of Commerce. Editorial correspondence should be addressed to tne Editor*in-CMjei
Selected NIPA Tables
NIPA Charts
Reconciliation and Other Special Tables
Annual NIPA Revision: Newly Available Tables
Errata
Summary National Income and Product Accounts, 1991
Summary National Income and Product Series, 1959-91
Analysis, U.S» Department of Commerce,, Washing*
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C-pages: Business Cycle Indicators
(See page C-l for contents)
S-pages: Current Business Statistics
(Seepage S-36for contents and subject index)
Inside back cover: BEA Information
NOTB,—This issue of the SURVEY went to th^ printer on October 5,1992,
It incorporates data froia the fottowirig monthly BBA news releases:
Gross Domestic Product (Sept 24),
Personal Income and Outlays (Sept; 25), and
Composite Indexes of Leading,, Coincident, and Lagging
Indicators (Sept 29).
SURVEY OF CURRENT BUSINESS
September 1992
THE BUSINESS SITUATION
Daniel Larkins
prepared this
article.
HE "FINAL" estimate of growth in real gross
2. domestic product (GDP) for the second
quarter of 1992 was 1.5 percent, o.i percentage
point higher than the "preliminary" estimate reported in last month's SURVEY (table i).1 Small
upward revisions were made in personal consumption expenditures, residential and nonresidential fixed investment, and net exports of
goods and services; small downward revisions
were made in government purchases and in the
change in business inventories.
For real gross domestic purchases, the "final" estimate of a 34-percent increase is also o.i
percentage point higher than the "preliminary"
estimate.
The "final" estimates of a 3.2-percent increase
in the fixed-weighted price index for gross domestic purchases and of a 2.9-percent increase in
the fixed-weighted price index for GDP reflect upward revisions of 0.3 percentage point in both
indexes.
Gross national product (GNP).—Real GNP increased 0.7 percent in the second quarter (tai. Quarterly estimates in the national income and product accounts are
expressed at seasonally adjusted annual rates, and quarterly changes are differences between these rates. Quarter-to-quarter percent changes areannualized.
Real, or constant-dollar, estimates are expressed in 1987 dollars and are based
on 1987 weights.
ble 2). GNP equals GDP plus receipts of factor
income from the rest of the world less payments
of factor income to the rest of the world. In the
second quarter, receipts decreased and payments
increased. About two-thirds of the increase in
payments represented profits by U.S. affiliates of
foreign corporations.
Table 1.—Revisions in Selected Real NIPA Components,
Second Quarter 1992
[Seasonally adjusted at annual rates]
Billions of
1987 dollars
Final estimate minus PrelimiFinal espreliminary nary estimate
timate
estimate
Gross domestic product
1.4
1.4
1.5
Less' Exports of goods and services
Plus' Imports of goods and services
-.7
15
-.9
-1.4
14.7
15.9
Equals: Gross domestic purchases
.7
3.3
3.4
Personal consumption expenditures
Durables
Nondurables
Services
1.1
1.0
.3
2
-.2
-.1
-2.1
-1.5
1.2
Fixed investment
.
Nonresidential
Residential
Change in business inventories
Nonfarm
Farm
2.5
.9
1.6
. ..
-3.0
-1.6
1.3
13.6
15.3
8.9
15.2
16.1
12.6
-1.4
-2.4
1.1
Government purchases
Federal
State and local
.1
-1.2
-2.7
-.2
.1
2.6
2.9
.1
2.9
3.2
-.6
-1.5
-1.0
-1.7
-.4
Index
numbers,
1987=100'
Looking Ahead...
• Historical NIPA Estimates. National Income and Product
Accounts of the United States: Volume 2, 1959-88 is now available from the U.S. Government Printing Office. This volume
contains the complete set of NIPA estimates for 1959-88 resulting from the comprehensive revision released in December
1991. Volume i, containing the complete set of NIPA estimates
for 1929-58, will be available within the next few months. (For
information on ordering volume 2, see the inside back cover
of this issue.)
• Composite Indexes Revision. The annual revision of the
composite indexes of leading, coincident, and lagging indicators will be presented in the October SURVEY. The indexes will
be revised from 1987 forward to incorporate revised data for
the component series.
Percent change
from preceding
quarter
GDP price index (fixed weights)
Gross domestic purchases price index (fixed
weights)
'.
1. Not at annual rates.
NOTE.—Final estimates for the second quarter of 1992 incorporate the following revised or
additional major source data that were not available when the preliminary estimates were
prepared in August.
Personal consumption expenditures: Revised retail sales for June.
Nonresidential fixed investment Revised construction put in place for May and June,
revised manufacturers' shipments of, equipment for June, and revised shipments of complete
civilian aircraft for June.
Residential investment Revised construction put in place for May and June.
Change in business inventories: Revised manufacturing and trade inventories for June.
Net exports of goods and services: Revised merchandise exports and. impdfj^'for June and
revised exports and imports of services for the quarter... r.,, V"\f.£'- ; ^ -^'* t-v'
Government purchases of goods and,.,sert\ces\ 'Revised -State and local government
construction put in placeJoj^May,andl.JuRe, :;./••"•-. 7-r _"_-..,?•. -,^;'";V';' v\
*" """"" : Se*i^1lomesti^,bWX'i|^flS.>avnid profits;.,from;We'; rest of the world for
,ther- guaiter:-'-••'
MPft NationaUjieon^aWB'-product accounts
2 • September 1992
SURVEY OF CURRENT BUSINESS
In the estimation of real GNP, the currentdollar value of exports of goods and services is
deflated by export prices, the current-dollar value
of imports of goods and services is deflated by
import prices, and the current-dollar value of
most factor income is deflated by the deflator for
net domestic product. An alternative measure,
command-basis GNP, reflects different deflation
procedures. In the estimation of command-basis
GNP, the current-dollar value of exports of goods
and services and receipts of factor income is
deflated by the implicit price deflator for imports of goods and services and payments of
factor income. Thus, command-basis GNP meas-
Hurricanes Andrew and Iniki
The national income and product accounts ( NIPA'S) are designed
to fully reflect the impact of disasters such as Hurricane Andrew,
which hit Florida and Louisiana in late August, and Hurricane
Iniki, which hit Hawaii in mid-September. Most of the effects of
these hurricanes are reflected in the source data for the NIPA'S, and
BEA prepares adjustments to certain components to account for the
rest of the hurricanes* effects. The effects of these adjustments on
personal income and outlays, gross domestic product (GDP), and
other NIPA aggregates are described in the following paragraphs;
however, BEA will not attempt to quantify the total impact of the
hurricanes on these aggregates.1
Personal income and outlays.—The third-quarter estimates of personal income and outlays will reflect adjustments that were made
to the monthly estimates for August and adjustments that will be
made to the September estimates.2 (These adjustments are based
primarily on preliminary information from an insurance industry
trade association and are subject to revision as more complete information becomes available.)
For August, three adjustments were made to personal income
and two to personal outlays. In personal income, the largest adjustment was to account for the destruction of residential dwellings
and of structures and equipment owned by unincorporated businesses. This destruction of property reduces the rental income of
persons and the proprietors' income components to the extent that
the property was not insured. BEA has estimated that these uninsured losses reduced rental income of persons by about $46 billion
at an annual rate and proprietors' income by about $7 billion at
an annual rate.3 The second adjustment was to account for the
destruction of crops, which reduced farm proprietors' income by
about $2 billion. The third adjustment was to account for work
interruptions, which reduced wages and salaries by about $5 billion. This adjustment was necessary because the regular source
data on employment, hours, and earnings are from the Bureau
of Labor Statistics monthly establishment survey, which covers the
mid-month pay period; thus, for August, these data did not reflect the work interruptions that resulted from Hurricane Andrew.
In personal outlays, the property insurance component of personal
consumption expenditures (PCE) was adjusted downward by about
$15 billion. This component is defined as premiums less benefit
payments, and payments were adjusted upward to reflect insured
1. For several reasons, it would be very difficult to determine the total impact of
hurricanes Andrew and Iniki on the NIPA aggregates. First, most of the effects are
embedded in the source data and cannot easily be separated. Second, as in previous
disasters, reductions in production and incomes in the areas hit by the two hurricanes
may be at least partly offset by increases in production and incomes elsewhere in the
United States. Third, production and incomes in the damaged areas may be boosted
by subsequent rebuilding efforts.
2. The monthly estimates of personal income and outlays are found on page S-i of
the "Current Business Statistics" section of this issue.
3. All subsequent dollar amounts are also expressed at annual rates.
losses of personal property and motor vehicles. There was also a
slight downward adjustmentto PCE to reflect lost rental payments
due to the destruction of rental and owner-occupied housing units.
For September, further adjustments will be made to personal income and to personal outlays, mainly to account for the effects
of Hurricane Iniki. In personal income, rental income of persons
and proprietors' income will be reduced to reflect uninsured losses,
and farm proprietors' income will be reduced to the extent that
the destruction of crops will lower sales in September. In personal
outlays, PCE will be adjusted downward to reflect lost rental payments due to the destruction of rental and owner-occupied housing
units by both hurricanes. Adjustments for payments of property
insurance benefits will be made only for damages due to Hurricane
Iniki; further adjustments for Hurricane Andrew will not be necessary because such benefits are recorded only in the period in which
the loss occurs, regardless of when the payments are actually made.
GDP.—The third-quarter estimate of GDP will be affected by the adjustments to PCE described above. In addition, imports of services
will be adjusted downward to the extent that domestic insurers have
reinsurance policies with foreign insurers. As in PCE, imports of
insurance services are defined as premiums less benefit payments.
(The adjustments to the insurance services components of PCE and
imports are made only to current-dollar estimates; no adjustments
are made to the corresponding constant-dollar estimates because
these estimates are based only on premiums paid.)
Other NIPA aggregates.—The third-quarter estimates of national income, gross national income, and net national product will also
reflect adjustments for the two hurricanes.4 National income will
be reduced by the adjustments, described above, to proprietors'
income, rental income of persons, and wages and salaries. In addition, corporate profits will be adjusted downward to account for
uninsured property losses and to reflect the payments of all benefits
related to hurricane damage, except those reinsured with foreign
carriers.5 For gross national income, the reductions in business
incomes (except for the payments to persons for losses to personal
property and motor vehicles and for the amount reinsured abroad)
will be offset by an upward adjustment in consumption of fixed
capital; this adjustment reflects the writing off of the depreciated
(or net) value of plant and equipment destroyed by the hurricanes.
Net national product will be reduced by the adjustment to the
consumption of fixed capital.
4. See table 1.9 of the "Selected NIPA Tables" for the relationship between GDP, net
domestic product, gross national income, national income, and personal income.
5. As usual, the initial third-quarter estimates of corporate profits—and thus of
gross national income and national income—will be released in late November as part
of the "preliminary" NIPA estimates.
SURVEY OF CURRENT BUSINESS
ures U.S. production in terms of its purchasing
power. In the second quarter, command-basis
GNP increased less than GNP—0.3 percent compared with 0.7 percent—reflecting a deterioration
in the terms of trade; in the first quarter,
command-basis GNP increased more than GNP—
4.3 percent compared with 3.6 percent—reflecting
an improvement in the terms of trade.
Corporate Profits
Profits from current production—profits before
tax plus inventory valuation adjustment (IVA)
and capital consumption adjustment (ccAdj)—
increased $4.4 billion in the second quarter after
increasing $36.9 billion in the first (table 3). Profits from the domestic operations of nonfinancial
corporations increased $20.5 billion, about the
same amount as in the first quarter; in both quarters, unit profits increased, reflecting higher unit
prices and lower unit labor and nonlabor costs.
Profits from the domestic operations of financial
corporations decreased $8.4 billion after increasing $10.7 billion, and profits from the rest of the
world decreased $7.7 billion after increasing $5.8
billion.
Cash flow from current production, a profitsrelated measure of internally generated funds
available to corporations for investment, de-
September 1992 • 3
creased $1.2 billion after increasing $25.5 billion.
Cash flow as a percentage of nonresidential
fixed investment decreased to 88.8 percent from
92.3 percent but remained high by historical
standards; during the 1982-90 business cycle
expansion, the ratio never rose above 83 percent.
Profits by industry.—Profits before tax with IVA
is the best measure of industry profits because
estimates of the ccAdj by industry are not available. According to this measure, profits arising
from domestic operations of nonfinancial corporations increased $17.1 billion after increasing
$11.4 billion.
Manufacturing profits increased $17.7 billion
after increasing $10.0 billion. The largest increases were in motor vehicles, food, and "other
nondurables," which largely reflected higher
profits in printing and publishing and in apparel.
Only electronic equipment and chemicals posted
lower profits in the second quarter than in the
first.
Profits in trade increased in the second quarter
after decreasing in the first; most of the increase
Table 3.—Corporate Profits
[Seasonally adjusted at annual rates]
Level
Change from
preceding
quarter
1992:11
1992:1
1992:11
Table 2.—Relation of Gross Domestic Product, Gross
National Product, and Command-Basis Gross National
Product in Constant Dollars
[Seasonally adjusted at annual rates]
Billions of 1987 dollars
Level
1992:11
Gross domestic product
Plus: Receipts of factor
income from the rest of
the world
Less: Payments of factor
income to the rest of the
world
Equals: Gross national
product
4,892.4
Change from preceding quarter
1992:1
1992:11
35.2
18.7
2.9
1992:11
1.5
-7.4
107.6
-1.1
101.0
-8.3
8.3
4,899.1
42.5
8.4
3.6
-4.0
1.7
-2.3
-8.7
7.1
-4.9
.3
-2.1
-3.9
-29.2
Less: Exports of goods and
services and receipts of
factor income from the rest
of the world
Plus: Command-basis exports
of goods and services and
receipts of factor income ..
671.0
2.8
681.2
11.7
Equals: Command-basis
gross national product ...
4,909.2
51.4
3.6
4.3
1.3
-.7
5.3
Addendum:
Terms of trade }
Profits from current production
Domestic
Financial
Nonfinancial
Rest of the world
Percent change
from preceding
quarter
1992:1
40.9
7
IVA
CCAdj
Profits before tax
Profits tax liability
Profits after tax
. . . .
. .
Profits by industry:
Profits before tax with IVA
Domestic
Financial
Nonfinancial
Manufacturing
Trade
Transportation and public utilities
Other
Rest of the world
Receipts (inflows)
Payments (outflows)
388.4
327.4
51.2
276.2
61.0
36.9
31.1
10.7
20.4
5.8
4.4
12.1
-8.4
20.5
-7.7
-15.5
27.0
376.8
144.1
232.7
-6.1
9.2
33.8
11.4
22.3
-10.1
3.7
10.7
7.7
3.0
361.4
300.4
61.3
239.0
115.2
46.7
42.2
35.0
61.0
67.1
6.1
27.6
21.8
10.4
11.4
10.0
-4.6
3.8
2.2
5.8
8.0
2.2
.7
8.4
-8.8
17.1
17.7
6.8
-7.2
-.1
77
0
7.7
Dollars
101.5
-2.7
1. Ratio of the implicit price deflator for exports of goods and services and receipts of factor
income to the corresponding implicit price deflator for imports with the decimal point shifted two
places to the right.
NOTE—Levels of these series are found in tables 1.10 and 1.11 of the "Selected NIPA
Tables."
Billions of dollars
Unit prices, costs, and profits of domestic
nonfinancial corporations:
Unit price
Unit labor cost
Unit nonlabor cost
Unit profits from current production
.
. .
1.151
.759
.292
.100
0.003
-.001
-.002
.007
0.005
-.001
001
.007
NOTE.—Levels of these and other profits series are found in tables 1.14, 1.16. 6.16C, and
7.15 of the "Selected NIPA Tables."
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
4 • September 1992
SURVEY OF CURRENT BUSINESS
was at the wholesale level. Profits in transportation and public utilities decreased after an
increase; much of the decrease was accounted for
by railroads.
Profits arising from domestic operations of financial corporations decreased $8.8 billion after
increasing $10.4 billion. Most of the decrease was
accounted for by savings and loan associations
and insurance companies.
Profits from the rest of the world decreased $7.7 billion after increasing $5.8 billion.
This component of profits measures receipts of profits from foreign affiliates of U.S. corporations less payments of
profits by U.S. affiliates of foreign corporations. In the second quarter, receipts were
unchanged, and payments increased substantially. The increase in payments largely reflected higher payments by banking and trade
affiliates.
Profits before tax (PBT) and related measures.—
PBT increased $10.7 billion in the second quarter.
The difference between this increase and the
$4.4 billion increase in profits from current production reflects changes in the IVA and in the
CCAdj.
The IVA is an estimate of inventory profits with
the sign reversed. Inventory profits increased
$10.1 billion, reflecting an upswing in prices of
inventoried goods. The Producer Price Index, a
major source for inventory prices, increased at
an annual rate of 4.1 percent (not seasonally adjusted) in the second quarter after decreasing 1.1
percent in the first.
The CCAdj is the difference between the predominantly tax-based depreciation measure that
underlies PBT and BEA'S estimate of the consumption of fixed capital. The CCAdj increased $3.7
billion in the second quarter after increasing $9.2
billion in the first. H
SURVEY OF CURRENT BUSINESS
September 3992
NATIONAL INCOME AND
PRODUCT
ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Second quarter 1992, final.
The selected set of national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) Alternative
quantity and price measures are not yet available; leaders are shown for these parts.
The tables shown are available on the day of the gross domestic product (GDP) news release on printouts
and diskettes on a subscription basis or from the Commerce Department's Economic Bulletin Board. Most
shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information,
write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230,
or call (202) 523-0669.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.
Table 1.1 .—Gross Domestic Product
Table 1.2.—Gross Domestic Product in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
I
Gross domestic
product
Personal consumption
expenditures ..
Durablo goods
Nondurable goods
Services
.
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports ..
Imports
Government purchases
Federal
National defense
Nondefense
State and local
II
IV
III
I
I
3,748.4 3,887.7 3,821.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1
464.3 446.1 439.5 441.4
453.0 450.4 469.4 470.6
1,224.5 1,251.5 1,245.0 1,254.2 1,255.3 1,251.4 1,274.1 1,277.5
2,059.7 2,190.1 2,137.2 2,176.3 2,205.9 2,241.1 2,279.3 2,309.0
799.5
721.1
705.4
710.2
732.8
736.1
722.4
773.2
793.2
577.6
201.1
731.3
541.1
180.1
733.9
551.4
190.0
732.0
545.8
185.2
732.6
538.4
175.6
726.9
528.7
169.7
738.2
531.0
170.1
765.1
550.3
170.3
376.5
215.6
360.9
190.3
361.4
182.6
360.6
186.2
362.8
194.2
358.9
198.2
360.8
207.2
380.0
214.8
6.3
3.3
3.1
-10.2
-10.3
0
285
-27.4
-21.8
-27.0
5.2
9.2
-1.2
-15.8
-13.3
8.1
6.4
1.7
-1.1
.2
1.4
14.5
-5.3
-2.4
-68.9
-21.8
-28.7
-15.3
-27.1
-16.0
-8.1
-37.1
557.0
625.9
598.2
620.0
573.2
602.0
594.3
609.6
602.3
629.5
622.9
638.9
628.1
636.2
625.4
662.5
1,043.2 1,090.5 1,087.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.1
426.4
314.0
112.4
616.8
447.3
323.8
123.6
643.2
451.3
332.4
118.8
636.3
449.9
325.9
124.0
640.8
447.2
321.9
125.3
646.0
440.8
314.7
126.1
649.5
445.0
313.6
131.4
658.0
1991
1991
II
5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1990
1992
444.8
311.7
133.1
664.3
Gross domestic
product
Personal consumption
expenditures
Durable goods .
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment . . .
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services .
.
Exports
Imports
Government purchases
Federal
National defense
Nondefense
. .
State and local
II
1992
IV
III
I
II
4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4
3,260.4 3,240.8 3,223.5 3,239.3 3,251.2 3,249.0 3,289.3 3,288.5
419.4 416.1 432.3 430.0
439.3 414.7
412.0 411.3
1,056.5 1,042.4 1,043.0 1,046.3 1,044.8 1,035.6 1,049.6 1,045.6
1,764.6 1,783.7 1,768.5 1,781.8 1,787.0 1,797.4 1,807.3 1,812.9
739.1
661.1
646.0
649.5
672.0
676.9
668.9
713.6
732.9
538.1
179.1
670.4
500.2
157.6
671.1
507.0
166.8
669.8
503.0
162.2
671.4
498.7
153.0
669.3
492.1
148.4
681.4
495.8
149.4
705.9
514.7
149.1
359.0
194.8
342.6
170.2
340.2
164.1
340.8
166.9
345.8
172.6
343.7
177.3
346.4
185.6
365.6
191.2
-9.3
-9.6
-20.4
-24.5
4.1
7.5
-1.0
1.6
11.8
-4.2
-12.6
-10.7
.3
-25.1
-24.7
-.4
7.8
6.0
1.8
-51.8
-21.8
-17.9
-17.4
-31.6
-20.5
-21.5
-43.9
510.0
561.8
539.4
561.2
515.9
533.8
536.1
553.5
544.2
575.8
561.4
581.8
565.4
586.8
563.4
607.3
929.9
941.0
945.1
945.6
940.2
933.1
937.0
934.2
383.6
283.3
100.3
546.3
388.3
282.8
105.5
552.7
394.1
291.8
102.2
551.0
393.8
287.6
106.2
551.8
387.2
280.6
106.6
553.0
378.2
271.0
107.2
554.9
375.3
265.6
109.7
561.8
372.7
262.1
110.6
561.5
6.2
3.7
2.5
.6
-1.9
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
6 • September 1992
Table 1.3.—Gross Domestic Product by Major Type of Product
Table 1.4.—Gross Domestic Product by Major Type of Product
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
II
I
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods ]
Seasonally adjusted at annual rates
1992
1991
1991
IV
III
I
II
I
5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2
5,515.9 5,687.7 56144 56794 57129 57442 58559 58941
6.3
-10.2
-28.5
-21.8
.2
9.2
-15.8
8.1
2,166.4 2,182.5 2,158.3 2,179.1 2,195.1 2,197.6 2,217.8 2,241.3
Final sales
Change in business
inventories
Durable goods
Final sales . .
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services }
2,160.0 2,192.7 2,186.8 2,200.9 2,194.9 2,188.4 2,233.6 2,233.2
-10.2
285
-21.8
.2
9.2
158
8.1
919.7
920.6
888.4
907.6
861.9
897.3
890.2
916.8
903.8
910.8
897.6
905.7
904.3
923.6
941.8
932.3
-.9
192
-35.4
-26.5
-7.0
-8.1
-19.3
6.3
9.5
1,246.7 1,294.1 1,296.3 1,288.9 1,291.3 1,300.0 1,313.5 1,299.5
1,239.5 1,285.1 1,289.5 1,284.1 1,284.1 1,282.7 1,310.0 1,300.8
7.2
9.0
6.8
4.8
7.2
17.3
3.5
-1.4
2,846.4 3,030.2 2,963.3 3,013.8 3,053.6 3,090.3 3,142.2 3,173.4
509.4
Structures
464.7
464.3
464.7
464.4
465.5
480.1
487.6
Gross domestic
product . .
Final sales of domestic
product
Change in business
inventories
Goods '
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories .. ..
Nondurable goods
Final sales
Change in business
inventories
Services '
Structures
1992
1991
1991
1990
II
III
IV
II
I
4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4
4,871.3 4,830.3 4,821.8 4,837.4 4,831.2 4,830.9 4,886.3 4,884.6
6.2
-9.3
25 1
204
.6
7.5
7.8
126
1,956.8 1,911.2 1,903.1 1,907.6 1,918.3 1,915.7 1,924.0 1,936.7
1,950.7 1,920.5 1,928.2 1,928.0 1,917.7 1,908.2 1,936.6 1,929.0
6.2
880.3
881.0
-.7
-9.3
-25.1
-20.4
.6
7.5
834.1
851.6
815.3
847.4
836.3
860.2
845.3
851.7
839.4
846.8
842.4
859.6
-17.5
-32.2
-24.0
-6.4
-7.4
-17.3
-12.6
7.8
874.2
865.7
8.6
1,076.6 1,077.1 1,087.8 1,071.4 1,073.0 1,076.3 1,081.7 1,062.5
1,069.7 1,069.0 1,080.8 1,067.8 1,066.0 1,061.3 1,077.0 1,063.3
6.9
8.2
7.1
3.6
7.0
15.0
4.7
-.8
2,463.0 2,497.6 2,480.5 2,497.3 2,503.7 2,509.0 2,520.1 2,522.4
457.7
412.2
413.2
412.1
409.8
413.7
429.5
433.3
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars
[Billions of dollars]
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases *
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers 2
[Billions of 1987 dollars]
5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2
557.0
598.2
573.2
594.3
602.3
622.9
628.1
625.4
6259
6200
6020
6096
6295
6389
6362
6625
5,591.1 5,699.3 5,614.6 5,672.9 5,740.3 5,769.3 5,848.3 5,939.4
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases l
81
Less: Change in business
inventories
5,584.8 5,709.5 5,643.1 5,694.7 5,740.1 5,760.1 5,864.1 5,931.3
Equals: Final sales to
domestic purchasers -
63
-102
-285
-21 8
2
92
158
1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4
5100
539.4
515.9
5361
5442
561.4
5654
5634
561.8
561.2
533.8
553.5
575.8
581.8
586.8
607.3
4,929.3 4,842.8 4,814.6 4,834.4 4,863.4 4,858.9 4,895.2 4,936.3
62
-93
-251
-204
6
75
-126
78
4,923.1 4,852.1 4,839.7 4,854.8 4,862.8 4,851.4 4,907.7 4,928.5
1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.7.—Gross Domestic Product by Sector
Table 1.8.—Gross Domestic Product by Sector in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Gross domestic
product
Business
5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2
4,702.8 4,803.8 4,726.2 4,786.7 4,835.2 4,867.2 4,937.4 4,988.6
Nonfarm
46124 47028 46358 46771 47255 4 772.9 4,826.9 4 877.6
Nonfarm less housing .... 4,162.8 4,229.8 4,171.1 4,207.3 4,251.4 4,289.5 4,341.1 4,386.9
449.6 473.0 464.7 469.8 474.1 483.4 485.8 490.7
Housing
77.9
81.6
80.1
82.5
79.2
Farm
85.0
79.1
77.0
16.4
30.9
27.1
29.0
5.4
13.4
Statistical discrepancy
21.9
30.5
227.8
246.1
237.4
244.1
249.3
253.5
258.3
261.5
94
218.4
92
236.9
90
228.4
92
234.8
92
240.0
9.3
244.2
94
248.9
9.6
251.9
General government
591.6
627.6
622.2
626.8
628.7
632.7
644.4
652.2
Federal
State and local
1803
411 4
1920
4356
1933
4289
1924
4345
191 3
4374
191 1
441.6
1982
446.2
198.7
453.5
Households and institutions
Private households
Nonprofit institutions
Addendum:
Gross domestic business
product less housing
4,248.7 4,326.3
Gross domestic
product
Business
4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4
4,170.1 4,103.9 4,078.2 4,098.3 4,116.1 4,123.1 4,156.8 4,174.4
4,094.7 4,015.8 3,998.3 4,007.1 4,021.6 4,036.3 4,058.8 4,076.1
Nonfarm
Nonfarm less housing .... 3,704.3 3,621.0 3,604.8 3,612.6 3,626.1 3,640.3 3,661.1 3,677.0
3904 394.9 393.5 3945 395.5 396.0 397.6 399.1
Housing ..
68.3
72.8
Farm
68.0
68.5
705
69.4
73.6
72.5
18.7
13.9
24.4
4.9
11.5
23.2
26.0
25.9
Statistical discrepancy
197.7
202.4
200.0
201.9
203.1
204.8
206.7
206.7
88
188.8
8.2
194.2
8.2
191.8
8.3
193.5
8.3
194.9
8.2
196.6
8.3
198.4
8.4
198.3
General government
509.8
514.7
518.5
516.9
512.6
510.6
510.3
511.3
Federal
State and local
156.3
353.5
157.1
357.5
161.1
357.4
158.6
358.3
155.5
357.1
153.4
357.3
152.5
357.7
151.8
359.5
Households and institutions
Private households
Nonprofit institutions
Addendum:
Gross domestic business
product less housing
3,775.8 3,705.2
SURVEY OF CURRENT BUSINESS
September 1992 •
Table 1.9.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, National Income, and Personal
Income
Table 1.10.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, and National Income in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
I
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world ]
Less: Payments of factor
income to the rest of the
world2
Equals: Gross national
product
Less: Consumption of fixed
capital
Capital
consumption
allowances
Less: Capital
consumption
. adjustment
Equals: Net national product
Less: Indirect business tax
and nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments
Net interest
Contributions for
social insurance
Wage accruals less
disbursements
Plus: Personal interest income
Personal dividend
income
Government transfer
payments to
persons
Business transfer
payments to
persons
Equals: Personal income
Addenda:
Net domestic product
Domestic income
Gross national income
II
Seasonally adjusted at annual rates
1990
1992
1991
1991
III
IV
I
II
I
5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2
160.6
143.5
159.8
143.2
137.8
133.1
132.9
131.3
139.9
126.0
130.8
126.5
124.5
122.3
113.3
124.3
5,542.9 5,694.9 5,614.9 5,674.3 5,726.4 5,764.1 5,859.8 5,909.3
602.8
566.2
626.1
574.2
618.9
563.8
623.5
568.5
624.9
576.4
637.1
588.2
631.4
598.0
638.2
608.9
-48.5 -48.8 -33.5
-36.6
-51.9
-55.2
-54.9
-29.3
4,940.1 5,068.8 4,996.0 5,050.9 5,101.5 5,127.0 5,228.3 5,271.1
444.2
475.2
464.7
468.2
480.0
487.9
493.8
497.6
26.4
5.4
28.1
21.9
27.3
13.4
27.9
27.1
28.4
30.5
28.6
16.4
29.4
29.0
29.8
30.9
4.2
.5
2.5
1.6
3.2
3.6
-7.1
5.1
4,468.3 4,544.2 4,493.0 4,529.2 4,555.4 4,599.1 4,679.4 4,716.5
361.7
460.7
346.3
449.5
349.6
456.2
347.3
444.4
341.2
450.5
347.1
446.9
384.0
430.0
388.4
420.0
502.3
528.8
521.5
526.5
532.1
535.2
546.2
550.8
.1
694.5
_ -|
700^6
.2
701.1
-.4
696.2
0
701.8
0
703.3
0
684.8
0
675.2
140.3
137.0
141.3
136.7
135.6
134.3
133.9
136.6
664.6
748.3
722.8
739.8
754.0
776.5
818.6
835.3
21.2
22.8
22.1
22.6
23.1
23.3
24.1
24.4
4,664.2 4,828.3 4,752.8 4,806.9 4,846.2 4,907.2 4,980.5 5,028.9
4,919.4 5,051.4 4,966.9 5,034.2 5,088.2 5,116.3 5,208.7 5,264.1
4,447.6 4,526.7 4,463.9 4,512.5 4,542.2 4,588.4 4,659.8 4,709.5
5,537.5 5,673.1 5,601.5 5,647.2 5,695.9 5,747.7 5,830.8 5,878.4
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world1
Less: Payments of factor
income2 to the rest of the
world
Equals: Gross national
product
Less: Consumption of fixed
capital
Equals: Net national product
Less: Indirect business tax
and nontax liability plus
business transfer payments
less subsidies plus current
surplus of government
enterprises
Statistical discrepancy
Equals: National income
Addenda:
Net domestic product
Domestic income
Gross national income
1992
1991
1991
II
III
IV
II
I
4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4
141.1
120.8
136.2
120.9
115.4
110.8
109.7
107.6
122.6
105.4
110.9
106.2
103.6
101.0
92.7
101.0
4,895.9 4,836.4 4,822.0 4,831.8 4,843.7 4,848.2 4,890.7 4,899.1
554.9
569.3
562.5
565.8
569.6
579.1
576.4
578.0
4,341.0 4,267.2 4,259.4 4,266.0 4,274.1 4,269.1 4,314.3 4,321.1
396.5
4.9
391.6
18.7
387.7
11.5
393.1
23.2
394.3
26.0
391.3
13.9
396.3
24.4
399.5
25.9
3,939.7 3,856.9 3,860.2 3,849.6 3,853.8 3,863.9 3,893.6 3,895.8
4,322.6 4,251.7 4,234.1 4,251.2 4,262.3 4,259.4 4,297.3 4,314.4
3,921.2 3,841.5 3,834.9 3,834.9 3,842.0 3,854.2 3,876.6 3,889.1
4,891.0 4,817.8 4,810.4 4,808.6 4,817.7 4,834.3 4,866.3 4,873.2
1. Consists largely of receipts by U.S. residents of interest .and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 1.11.—Command-Basis Gross National Product in Constant
Dollars
[Billions of 1987 dollars]
Gross national product
Less: Exports of goods and
services and receipts of
factor income from the rest
of the world
Plus: Command-basis exports
of goods and services and
receipts of factor income ] .
Equals: Command-basis
gross national product ....
Addendum:
Terms of trade2
4,895.9 4,836.4 4,822.0 4,831.8 4,843.7 4,848.2 4,890.7 4,899.1
651.0
660.2
6522
6570
659.6
672.2
675.0
671.0
641.4
662.8
645.0
660.9
666.8
678.2
689.9
681.2
4,886.3 4,838.9 4,814.8 4,835.7 4,850.9 4,854.2 4,905.6 4,909.2
98.5
100.4
98.9
100.6
101.1
100.9
102.2
101.5
1. Exports of goods and services and receipts of factor income deflated by the implicit price deflator for
imports of goods and services and payments of factor income.
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
corresponding implicit price deflator for imports with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
8 • September 1992
Table 1.14.—National Income by Type of Income
Table 1.16.—Gross Domestic Product of Corporate Business in
Current Dollars and Gross Domestic Product of Nonfinancial
Corporate Business in Current and Constant Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1991
I
II
Seasonally adjusted at annual rates
1992
III
I
IV
1990
II
1991
1991
I
National income
4,468.3 4,544.2
Compensation of employees 3,291.2 3,390.8
Wages and salaries
2,742.9 2,812.2
Government
514.8 543.5
Other
2,228.0 2,268.7
Supplements to wages and
548.4 578.7
salaries
Employer contributions
for social insurance ... 277.4 290.4
271.0 288.3
Other labor income
Proprietors' income with
366.9 368.0
IVA and CCAdj
41.7
Farm
35.8
Proprietors' income with
IVA
49.5
43.4
CCAdi . . ..
-7.8
-7.6
Nonfarm
325.2 332.2
310.0 318.7
Proprietors' income
-.8
IVA
-.3
CCAdj
16.0
13.8
Rental income of persons
with CCAdj
Rental income of persons ..
CCAdi
Corporate profits with IVA
and CCAdj
Corporate profits with IVA ..
Profits before tax
Profits tax liability
Profits after tax
-.•
Dividends
Undistributed profits
IVA
CCAdj
Net interest
Addenda:
Corporate profits after tax
with IVA and CCAdj
Net cash flow with IVA
and CAdj
Undistributed profits
with IVA and CCAdj
Consumption of fixed
capital
Less: IVA
Equals: Net cash flow ....
2,774.9 2,804.3 2,824.4 2,845.0 2,877.6 2,901.3
539.9 543.4 544.3 546.4 554.6 561.4
2,235.0 2,260.9 2,280.0 2,298.6 2,323.0 2,339.9
568.1
575.2
582.6
588.7
598.7
605.0
286.6
281.5
289.1
286.1
292.0
290.6
293.7
295.0
299.4
299.2
301.5
303.6
356.5
370.4
367.1
377.9
393.6
398.4
34.3
41.3
29.5
37.9
40.1
38.5
42.0
-7.7
48.9
-7.6
37.1
-7.6
45.4
-7.5
47.5
-7.4
45.8
-7.3
322.2
310.2
-.3
329.1
316.5
-.3
337.6
322.4
-.5
340.0
325.6
-.1
353.6
339.1
-.8
359.9
344.8
12.4
12.9
15.6
14.4
15.2
-1.0
16.1
10.4
-12.4
-12.3
-10.3
-6.6
-4.5
44.6
47.5
44.0
44.3
47.0
54.7
51.7
60.0
-56.9
-57.9
-56.4
-56.6
-57.3
-61.3
-56.2
-56.6
361.7
346.3
349.6
347.3
341.2
347.1
384.0
388.4
341.2
355.4
136.7
218.7
149.3
337.8
334.7
124.0
210.7
146.5
344.2
337.6
121.3
216.3
150.6
342.2
332.3
122.9
209.4
146.2
331.9
336.7
127.0
209.6
145.1
333.1
332.3
125.0
207.4
143.9
360.7
366.1
136.4
229.7
143.6
361.4
376.8
144.1
232.7
146.6
69.4
64.2
65.7
63.2
64.5
-4.8
63.4
86.2
-5.4
20.5
460.7
3.1
6.7
9.9
8.4
5.3
5.1
9.3
449.5
456.2
444.4
450.5
.7
3.3
86.1
-15.5
14.1
23.3
27.0
446.9
430.0
420.0
225.1
222.3
228.3
224.4
214.2
222.2
247.6
244.3
444.0
458.8
457.4
460.6
452.5
464.6
490.1
488.9
75.7
75.8
77.7
78.1
69.0
78.3
104.0
97.7
368.3
-14.2
458.1
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
4,493.0 4,529.2 4,555.4 4,599.1 4,679.4 4,716.5
3,343.0 3,379.6 3,407.0 3,433.8 3,476.3 3,506.3
-12.3
-14.2
383.0
3.1
455.6
II
379.7
6.7
450.7
382.5
9.9
450.7
383.5
-4.8
457.3
386.3 386.1
.7 .
-5.4
463.9 495.6
391.2
-15.5
504.3
1992
IV
III
I
II
Billions of dollars
Gross domestic
product of corporate
business
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
Domestic income
Compensation of
employees
Wages and salaries ...
Supplements to wages
and salaries . . ..
Corporate profits with
IVA and CCAdj
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA . .. .
CCAdj
Net interest
Gross domestic
product of financial
corporate business ..
3,308.3 3,352.2
368.3
383.0
3,311.6 3,340.1 3,365.8 3,391.5 3,437.3 3,471.4
379.7
382.5
383.5
386.3
386.1
391.2
2,940.0 2,969.2 2,931.9 2,957.6 2,982.3 3,005.1 3,051.2 3,080.2
318.8
342.2
334.3
336.4
346.8
351.5
355.7
357.5
2,621.2 2,627.0 2,597.6 2,621.3 2,635.5 2,653.7 2,695.5 2,722.7
2,182.8 2,219.5 2,189.5 2,212.4 2,230.3 2,245.7 2,261.4 2,277.8
1,833.9 1,855.8 1,834.2 1,850.7 1,863.3 1,874.9 1,890.6 1,903.1
363.7
355.3
361.7
367.0
370.9
370.8
374.7
296.0
289.7
136.7
153.0
129.3
279.8
268.2
124.0
144.2
128.3
274.7
262.7
121.3
141.5
131.0
280.9
265.9
122.9
143.1
126.7
279.3
274.7
127.0
147.7
123.6
284.2
269.4
125.0
144.5
131.9
315.3
297.4
136.4
161.0
116.6
327.4
315.9
144.1
171.7
122.3
23.7
15.9
10.5
16.4
9.9
5.1
127.9
9.3
125.9
14.1
44.4
-5.4
23.3
142.4
6.7
5.3
133.4
24.1
-4.8
12.6
3.1
8.4
127.7
123.7
118.7
117.5
271.8
278.4
274.5
277.4
281.4
280.4
299.2
292.5
348.9
-14.2
20.5
.7
49.5
-15.5
27.0
Gross domestic
product of
nonfinancial
corporate business .. 3,036.5 3,073.8 3,037.1 3,062.7 3,084.4 3,111.1 3,138.1 3,178.8
Consumption of fixed capital ..
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
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest
329.3
341.2
338.9
341.0
341.5
343.5
342.7
347.6
2,707.2 2,732.6 2,698.2 2,721.7 2,742.9 2,767.5 2,795.4 2,831.3
290.9
310.8
304.1
305.5
314.7
318.7
322.6
324.1
2,416.3 2,421.8 2,394.2 2,416.2 2,428.2 2,448.8 2,472.8 2,507.1
2,019.0 2,048.6 2,022.1 2,042.0 2,058.6 2,071.8 2,081.0 2,096.4
1,695.1 1,711.3 1,692.5 1,706.6 1,718.2 1,727.9 1,738.0 1,749.7
323.9
337.3
329.6
335.4
340.5
343.9
343.0
346.6
248.3
232.9
229.9
207.3
226.2
203.1
231.4
205.2
226.5
211.2
235.3
209.7
255.7
227.3
276.2
254.5
100.8
153.7
113.4
92.8
81.1
78.8
80.3
83.3
82.1
90.2
140.2
118.5
126.2
117.3
124.2
119.0
124.9
115.5
127.9
113.9
127.6
120.9
137.1
107.1
8.8
3.1
5.2
6.7
9.3
9.9
14.1
-4.8
20.1
6.7
.7
24.8
30.1
-5.4
33.8
143.0
141.7
136.0
21.6
-14.2
29.5
19.4
16.5
16.2
149.0
143.4
145.9
142.9
40.4
-15.5
37.1
134.6
Billions of 1987 dollars
Gross domestic
product of
nonfinancial
corporate business .. 2,740.0 2,698.0 2,683.5 2,687.4 2,699.1 2,722.0 2,737.6 2,760.8
Consumption of fixed capital .. 303.4 309.5 307.1 308.5 310.2 312.0 313.2 314.0
2,436.6 2,388.5 2,376.4 2,378.9 2,389.0 2,410.0 2,424.3 2,446.9
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
253.2 249.0 246.6 248.8 251.0 249.5 252.6 254.8
payments less subsidies
2,183.4 2,139.6 2,129.7 2,130.1 2,138.0 2,160.5 2,171.8 2,192.0
Domestic income ..
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
SURVEY OF CURRENT BUSINESS
September 1992
Table 2.2.—Persona! Consumption Expenditures by Major Type of
Product
Table 2.1 .—Personal Income and Its Disposition
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
I
Personal income
Wage and salary
disbursements
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
Rental income of persons
with capital
consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to
persons
Old-age, survivors,
disability, and health
insurance benefits
Government
unemployment
insurance benefits
Veterans benefits .
Government employees
retirement benefits
Other transfer payments
Aid to families with
dependent children
Other
Less: Personal
contributions for social
insurance
.Less: Personal tax and
nontax payments
Equals: Disposable personal
income
Less: Personal outlays
Personal consumption
expenditures
Interest paid by persons ....
Personal transfer payments
to rest of the world (net)
Equals: Personal saving
Addenda:
Disposable personal
income:
Total, billions of 1987
dollars
Per capita:
Current dollars
1987 dollars ...
Population (mid-period,
-millions)
Personal saving as
percentage of
disposable personal
income
II
III
IV
I
1990
II
1992
1991
1991
I
II
III
IV
I
II
4,664.2 4,828.3 4,752.8 4,806.9 4,846.2 4,907.2 4,980.5 5,028.9
2,742.8 2,812.2 2,774.7 2,804.7 2,824.4 2,845.0 2,877.6 2,901.3
745.6
556.1
634.6
847.8
514.8
737.4
556.9
647.4
883.9
543.6
734.6
551.2
638.6
861.8
539.7
734.6
553.4
647.0
879.4
543.8
738.8
559.0
651.1
890.2
544.3
741.5
563.9
652.9
904.3
546.4
736.8
559.9
660.9
925.3
554.6
743.1
564.7
662.9
933.9
561.4
271.0
288.3
281.5
286.1
290.6
295.0
299.2
303.6
366.9
368.0
356.5
370.4
367.1
377.9
393.6
398.4
41.7
35.8
34.3
41.3
29.5
37.9
40.1
38.5
325.2
332.2
322.2
329.1
337.6
340.0
353.6
359.9
-12.3
-10.4
-12.4
-12.3
-10.3
-6.6
-4.5
140.3
137.0
141.3
136.7
135.6
134.3
133.9
136.6
694.5
700.6
701.1
696.2
701.8
703.3
684.8
675.2
685.8
771.1
744.9
762.4
777.1
799.8
842.7
859.7
352.0
382.0
374.2
378.9
384.2
390.6
405.7
412.1
18.0
17.8
27.5
18.1
24.3
17.8
28.3
18.5
27.6
18.1
30.0
18.1
39.7
20.2
41.7
18.7
94.0
203.9
101.3
242.1
101.6
227.1
100.4
236.3
101.0
246.1
102.0
259.1
106.4
270.7
106.4
280.8
19.8
22.0
21.3
21.8
22.2
22.7
23.0
23.4
184.2
220.2
205.8
214.6
224.0
236.4
247.7
257.4
3.3
Personal consumption
expenditures
Durable goods
Motor vehicles and parts ....
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal .
Other
Services
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other
3,748.4 3,887.7 3,821.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1
464.3
446.1
439.5
441.4
453.0
450.4
469.4
470.6
202.4
185.4
180.9
180.7
189.3
190.9
198.9
200.7
172.1
170.4
169.2
171.5
172.2
168.9
176.3
176.3
89.8
90.2
89.3
89.3
91.5
90.6
94.1
93.5
1,224.5 1,251.5 1,245.0 1,254.2 1,255.3 1,251.4 1,274.1 1,277.5
601.4
206.9
108.5
617.7
209.0
105.5
613.6
206.2
108.1
619.2
210.8
105.5
617.9
212.0
104.7
620.0
206.8
103.5
627.9
216.5
102.8
623.2
217.4
105.4
12.6
11.7
12.2
11.4
11.8
11.3
11.6
13.8
295.1
307.7
304.8
307.3
308.9
309.8
315.4
317.7
2,059.7 2,190.1 2,137.2 2,176.3 2,205.9 2,241.1 2,279.3 2,309.0
97.6
574.0
223.7
103.6
565.0
218.4
100.0
571.5
224.8
104.4
576.5
226.1
104.6
583.0
225.5
105.2
590.9
223.5
101.8
597.4
227.9
104.2
117.4
142.8
524.9
629.5
120.1
147.3
580.2
664.9
118.4
145.1
558.7
649.9
120.3
146.2
572.5
661.3
121.5
148.2
586.3
668.9
120.3
149.8
603.2
679.6
121.8
152.6
614.8
697.5
123.6
152.5
629.0
702.2
547.5
215.0
Table 2.3.—Personal Consumption Expenditures by Major Type of
Product in Constant Dollars
[Billions-of 1987 dollars]
224.8
238.4
234.9
237.4
240.1
241.5
246.8
249.3
621.3
618.7
616.8
617.2
618.6
622.3
619.6
617.1
4,042.9 4,209.6 4,136.0 4,189.7 4,227.6 4,284.9 4,360.9 4,411.8
3,867.3 4,009.9 3,943.2 3,994.4 4,036.6 4,065.5 4,146.3 4,179.5
3,748.4 3,887.7 3,821.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1
112.8
113.3 112.0
112.2 112.7
112.5
109.6
112.5
9.3
9.7
9.4
9.8
175.6
199.6
192.8
195.3
9.9
191.0
9.7
10.2
10.4
219.4
214.6
232.3
3,516.5 3,509.0 3,488.7 3,505.2 3,511.5 3,530.8 3,565.7 3,576.0
16,174 16,658 16,433 16,604 16,706 16,885 17,143 17,297
14,068 13,886 13,861 13,891 13,876 13,913 14,017 14,021
250.0
252.7
251.7
252.3
253.1
253.8
254.4
255.1
4.3
4.7
4.7
4.7
4.5
5.1
4.9
5.3
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Seasonally adjusted at annual rates
1992
1991
Personal consumption
expenditures
Durable goods
Motor vehicles and parts ....
Furniture and household
equipment
Other
3,260.4 3,240.8 3,223.5 3,239.3 3,251.2 3,249.0 3,289.3 3,288.5
439.3
414.7
412.0
411.3
419.4
416.1
432.3
430.0
192.2
171.0
169.6
167.2
173.3
174.0
181.5
180.2
169.5
168.6
166.9
169.3
170.4
167.9
174.4
174.4
77.6
75.0
75.5
74.8
75.7
74.2
76.5
75.4
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
1,056.5 1,042.4 1,043.0 1,046.3 1,044.8 1,035.6 1,049.6 1,045.6
Services .
Housing . .
Household operation
Electricity and gas
Other household
opearation
Transportation
Medical care
Other
1,764.6 1,783.7 1,768.5 1,781.8 1,787.0 1,797.4 1,807.3 1,812.9
520.8
185.9
86.4
515.8
181.3
85.2
516.4
180.8
83.9
516.3
183.2
86.0
515.0
183.7
86.0
515.3
177.5
84.7
518.9
184.1
85.7
513.5
184.4
85.8
101
97
94
98
100
94
102
120
253.4
250.5
2525
251.0
250.0
248.6
250.7
249.8
4747
203.7
4782
204.7
4765
201.4
4779
206.5
4788
206.5
4798
204.6
481 2
201.6
4833
204.2
92.4
95.2
92.1
96.6
96.3
95.6
92.9
94.5
111.3
109.6
121 2
438.8
540.7
109.2
121 2
431.9
537.6
109.9
121 5
435.6
540.2
110.2
121 2
440.5
540.1
109.0
121 0
447.2
544.8
1203
1213
449.6
554.6
453.7
550.5
1247
423.9
5376
108.7
109.7
SURVEY OF CURRENT BUSINESS
1O • September 1992
Table 3.2.—Federal Government Receipts and Expenditures
Table 3.3.—State and Local Government Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1991
I
Receipts
Personal tax and nontax
receipts
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Federal Reserve banks
Other
Indirect business tax and
nontax accruals
Excise taxes
Customs duties
Nontaxes
Contributions for social
insurance
Expenditures
II
Seasonally adjusted at annual rates
1992
IV
III
I
I
II
1,107.4 1,122.2 1,114.6 1,117.3 1,127.7 1,129.4 1,143.3 1,149.8
482.6
470.1
473.4
461.4
474.7
462.9
473.1
461.6
473.4
460.6
472.2
460.5
468.4
456.4
464.2
452.3
11.6
11.0
10.9
10.6
11.8
10.7
10.9
10.8
.9
1.0
.9
1.0
1.0
1.1
1.1
1.1
113.9
102.5
100.3
101.6
104.9
103.3
112.2
118.3
23.6
90.3
20.8
81.7
21.5
78.8
20.8
80.8
20.5
84.4
20.3
83.0
19.3
92.9
19.0
99.3
66.0
36.3
17.5
12.2
78.2
45.6
17.2
15.3
77.3
45.7
16.6
15.0
76.3
45.6
16.1
14.6
78.3
45.6
17.1
15.6
80.8
45.7
18.9
16.2
79.2
46.0
17.1
16.1
79.8
46.1
17.9
15.8
444.9
468.2
462.2
466.3
471.1
473.2
1991
1991
1990
483.5
487.4
1,273.6 1,332.7 1,264.4 1,329.4 1,348.7 1,388.1 1,432.5 1,452.7
Receipts
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Sales taxes
Property taxes
Other
Contributions for social
insurance
Federal grants-in-aid
Expenditures
II
1992
I
IV
III
II
729.3
777.9
754.0
769.3
783.5
804.6
817.8
834.0
138.7
106.0
145.4
110.3
142.1
107.6
144.1
109.5
145.2
109.9
150.1
114.2
151.1
114.6
152.9
115.8
15.5
17.2
16.7
18.4
16.2
18.2
16.5
18.1
16.8
18.5
17.1
18.8
17.4
19.1
17.7
19.4
22.7
21.5
21.0
21.3
22.1
21.7
24.2
25.8
378.2
183.5
155.4
397.0
189.0
167.7
387.4
184.4
163.0
391.9
186.2
166.2
401.7
192.3
169.3
407.1
192.9
172.4
414.6
197.3
175.6
417.8
198.5
178.9
39.4
40.4
40.0
39.5
40.1
41.8
41.7
40.4
57.3
60.6
59.2
60.2
61.0
62.0
62.7
132.3
153.3
144.3
151.9
153.4
163.6
165.1
174.1
63.4
699.2
760.7
739.4
752.8
768.1
782.5
801.2
816.3
616.8
643.2
636.3
640.8
646.0
649.5
658.0
664.3
411.4
205.4
435.6
207.6
428.9
207.4
434.5
206.4
437.4
208.6
441.6
207.9
446.2
211.8
453.5
210.8
Purchases
National defense
Nondefense
426.4
314.0
112.4
447.3
323.8
123.6
451.3
332.4
118.8
449.9
325.9
124.0
447.2
321.9
125.3
440.8
314.7
126.1
445.0
313.6
131.4
444.8
311.7
133.1
Purchases
Compensation of
employees
Other
Transfer payments (net)
To persons
To rest of the world (net) ...
513.3
499.9
461.6
538.0
-76.4
514.8
546.6
-31.8
545.5
551.7
619.5
605.9
Transfer payments to persons
164.7
198.0
184.8
193.2
202.3
211.8
220.8
229.4
-6.2
565.9
564.7
1.3
609.8
597.8
13.4
521.9
550.2
-28.3
12.0
13.6
-52.4
-48.4
-50.0
-49.0
-47.9
-46.6
-45.4
-44.3
132.3
153.3
144.3
151.9
153.4
163.6
165.1
174.1
Net interest paid
Interest paid
Less: Interest received by
government
176.6
209.2
171.4
186.9
220.9
181.9
182.7
218.0
178.5
188.1
221.1
182.3
186.8
221.3
181.9
190.1
223.2
185.0
186.8
220.3
182.0
187.5
221.9
183.1
37.9
39.0
39.5
38.9
39.4
38.2
38.2
38.9
32.6
34.0
35.3
33.0
34.6
33.2
33.4
34.5
25.1
27.5
23.1
29.1
24.8
29.8
24.4
31.2
15.7
22.0
27.7
33.4
25.7
30.9
26.9
31.6
Grants-in-aid to State and
local governments
Net interest paid
Interest paid
To persons and business
To rest of the world (net)
Less: Interest received by
government
Subsidies less current surplus
of government enterprises .
Subsidies
Less: Current surplus of
government enterprises ..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
2.4
6.0
5.0
6.8
6.3
5.7
5.2
4.7
.1
-.1
.2
-.4
0
0
0
0
Less: Dividends received by
government '
Subsidies less current surplus
of government enterprises .
Subsidies
Less: Current surplus of
government enterprises ..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
-166.2 -210.4 -149.9 -212.2 -221.0 -258.7 -289.2 -302.9
64.0
50.1
-230.2 -260.6
51.7
50.5
52.2
46.2
28.5
28.4
201.5 -262.7 -273.2 -304.8 -317.6 -331.3
60.7
63.7
62.6
63.4
64.1
64.8
65.4
66.1
113.1
112.1
112.7
112.4
112.0
111.3
110.8
110.4
9.0
9.5
9.3
9.5
9.5
9.6
9.7
-20.9
.4
-22.6
.4
-22.3
.4
-22.8
.4
-22.9
.4
-22.6
.4
-22.5
.4
-23.2
.4
21.3
23.0
22.7
23.2
23.2
23.0
22.9
23.6
0
0
0
0
0
0
0
10.0
0
30.1
17.1
14.6
16.5
15.4
22.0
16.6
17.7
63.0
60.3
61.2
60.7
59.9
59.4
58.4
58.0
-46.6
-44.1
-44.5
-37.3
-41.8
-40.3
-32.9
-43.1
SURVEY OF CURRENT BUSINESS
September 1992 • 11
Table 3.7B.—Government Purchases by Type
Table 3.8B.—Government Purchases by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
Government purchases
Federal
National defense .. ..
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees .. ..
Other services
Structures
II
1990
1992
1991
I
IV
III
I
I
1,043.2 1,090.5 1,087.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.1
426.4
447.3
451.3
449.9
447.2
440.8
445.0
444.8
314.0
323.8
332.4
325.9
321.9
314.7
313.6
84.2
11.8
84.1
12.2
87.4
13.8
86.2
11.2
82.7
11.2
80.2
12.5
79.5
10.3
311.7
767
211.8
222.5
226.0
223.3
223.7
217.1
218.7
216.8
125.5
132.6
135.1
133.0
131.3
130.9
135.2
135.2
82.9
42.5
86.4
88.6
44.0
90.0
91.1
44.0
90.9
87.5
43.8
92.4
86.5
44.4
86.2
88.9
46.3
83.4
88.4
46.8
81.6
89.2
43.8
90.3
12.1
6.3
4.9
5.2
5.2
4.3
4.9
5.2
6.0
112.4
5.9
5.1
123.6
6.8
7.0
118.8
6.2
7.6
124.0
7.1
8.0
125.3
7.0
7.0
126.1
7.0
5.3
131.4
7.2
7.1
133.1
7.4
8.0
-1.7
2.4
5.2
1.3
6.6
_o
93.4
.4
6.6
100.4
97.0
54.8
38.6
59.4
41.0
58.2
38.8
6.8
_7
_2
99.5
73
102.1
7.4
102.9
7^9
106.2
82
107.2
59.4
40.1
60.0
42.1
60.2
42.7
10.8
62.9
43.2
10.9
63.5
43.7
10.4
649.5
658.0
664.3
8.0
9.4
8.0
9.5
9.2
616.8
643.2
636.3
640.8
646.0
-2.0
36.1
58.4
36.3
57.7
36.4
57.9
36.7
57.8
36.8
57.3
37.0
58.7
440.6
462.1
456.5
461.6
463.8
466.6
470.4
475.7
411.4
435.6
428.9
434.5
437.4
441.6
446.2
453.5
29.2
85.3
26.6
86.7
27.6
85.2
27.1
85.3
26.5
87.8
24.2
93.5
22.2
92.9
34.9
56.0
36.4
58.0
25.0
88.4
1991
1991
II
Government purchases
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
. .
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services . .
Compensation of
employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures
II
1992
III
IV
I
II
929.9
941.0
945.1
945.6
940.2
933.1
937.0
934.2
383.6
388.3
394.1
393.8
387.2
378.2
375.3
372.7
283.3
282.8
291.8
287.6
280.6
271.0
265.6
262.1
80.3
81.3
11.0
80.7
74.7
10.8
189.6
195.1
9.9
192.5
77.5
10.0
74.1
9.3
188.3
78.6
10.4
189.5
181.1
9.7
177.2
174.5
108.8
108.6
113.2
110.0
106.6
104.6
103.5
102.5
72.9
35.7
81.0
77.1
36.1
81.9
72.2
36.6
79.5
74.5
35.5
82.5
71.2
35.4
82.9
69.0
35.6
76.6
67.8
35.7
73.7
5.4
4.2
4.4
4.4
3.6
4.3
4.5
5.1
105.5
6.8
6.5
102.2
6.1
7.1
106.2
7.0
7.4
106.6
7.1
6.3
107.2
7.2
5.4
109.7
7.5
6.9
110.6
7.8
7.4
.7
5.9
2.6
4.5
1.5
5.9
-.1
6.5
-i
.1
7.3
-1.0
6.2
82.3
47.5
34.8
83.9
48.6
35.4
82.0
47.9
34.1
83.4
48.6
34.9
-1.2
6.6
7^0
85.1
85.1
85.6
86.3
48.9
36.2
48.8
36.3
49.0
36.5
49.3
36.9
7.2
8.2
7.1
8.3
8.1
9.5
9.7
9.2
546.3
552.7
551.0
551.8
553.0
554.9
561.8
561.5
32.7
50.5
32.2
48.4
32.7
50.3
32.6
50.1
32.7
50.3
32.8
50.4
387.8
391.3
391.1
392.1
390.9
391.1
391.6
392.9
353.5
357.5
357.4
358.3
357.1
357.3
357.7
359.5
34.4
77.8
33.8
78.3
33.7
77.2
33.8
76.7
33.8
78.9
33.8
80.6
33.9
86.9
33.4
85.2
32.8
50.5
Table 3.11.—National Defense Purchases in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
314.0
323.8
332.4
325.9
321.9
314.7
313.6
311.7
84.2
84.1
87.4
86.2
82.7
80.2
79.5
76.7
79.5
81.7
74.0
73.5
71.3
271
158
126
4.9
257
163
120
38
231
158
227
157
11 2
11 3
4.5
799
278
159
125
5.6
76.7
290
150
125
4.5
781
270
164
121
47
4.3
4.1
7.1
11 4
4.6
6.7
11 2
6.0
6.9
139
5.7
7.5
106
6.3
6.1
10 1
6.0
6.2
10 1
6.2
6.5
125
6.0
6.2
11 3
5.4
11.8
12.2
13.8
11.2
11.2
12.5
10.3
12.1
275
176
.11 4
53
3.4
50
3.6
66
3.4
39
3.8
4.5
3.4
51
3.9
41
2.6
38
5.1
3.0
3.5
3.9
3.5
3.3
3.5
3.6
3.2
211 8
2225
226.0
2233
223.7
217.1
2187
216.8
1255
1326
135.1
91 1
1330
131 3
1309
1352
1352
892
875
865
889
884
44.0
43.8
43.8
44.4
46.3
46.8
829
886
42.5
44.0
864
900
909
903
924
862
834
81 6
317
256
269
255
260
220
22.5
10.4
13.6
23.1
11.2
13.0
24.2
11.0
13.5
22.3
10.6
13.5
23.3
11.1
13.4
24.1
22.8
12.1
11.6
22.8
23.0
12.0
11.6
4.7
9.3
9.9
41
-6
85
-8
61
-6
8.4
-7
6.3
4.9
5.2
5.2
36
26
2.5
24
2.6
26
2.8
25
10.8
24.2
11.5
11.6
6.8
6.2
5.4
9.3
-.5
8.3
-.4
7.3
-.4
4.3
4.9
5.2
6.0
1.9
24
2.6
2.3
3.1
21
3.7
2.3
9.7
10.2
-1.3
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
National defense
purchases
Durable goods
Military equipment . . .
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other .. . .
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods ....
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support2 l
Weapons support 3
Personnel support
Transportation of
material
Travel of persons
Other
Structures ..
Military facilities
Other
66.6
35.9
72.0
100.3
5.7
5.2
Table 3.10.—National Defense Purchases
National defense
purchases
Durable goods . . .
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods ....
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support2]
Weapons support 3
Personnel support
Transportation of
material
Travel of persons
Other
Structures
Military facilities
Other
71.5
11.0
32.7
50.6
283.3
282.8
291.8
287.6
280.6
271.0
265.6
262.1
80.3
78.6
81.3
80.7
77.5
74.7
74.1
71.5
757
275
726
757
255
74.6
25.8
16.6
71 5
679
25.2
16.4
68.3
23.1
17.1
657
207
15.6
24.9
16.8
17.1
20.9
16.6
16.4
42
103
43
99
43
106
53
107
46
101
3.3
96
3.8
96
37
6.7
103
4.5
6.3
99
6.0
6.5
124
5.6
7.1
94
6.1
5.7
89
6.0
5.8
89
6.4
6.0
109
6.3
5.7
97
5.8
11.0
9.9
11 3
9.3
10.4
10.0
10.8
9.7
11.0
36
31
37
37
42
34
33
37
36
36
38
40
37
2.9
32
50
2.6
3.0
3.4
3.0
2.8
3.0
3.1
2.8
188.3
189.6
195.1
192.5
189.5
181.1
177.2
174.5
1088
72.2
36.6
1086
72.9
1132
77.1
36.1
81.9
1100
74.5
35.5
82.5
1066
71.2
35.4
82.9
1046
69.0
35.6
76.6
1035
67.8
35.7
73.7
1025
66.6
35.9
72.0
23.7
20.4
21.7
19.9
10.4
19.9
21.3
20.3
20.2
10.2
357
79.5'
81.0
297
234
248
233
20.3
20.3
21.3
19.7
10.3
11.0
10.8
10.7
8.9
9.8
8.8
51
3.8
_5
103
7.5
-6
10.3
10.5
5.4
-5
126
7.4
-6
7.7
8.4
4
6.9
7.4
-3
6.1
6.7
-3
5.4
4.2
4.4
4.4
3.6
4.3
4.5
5.1
3.3
20
2.3
2.4
2.0
2.5
1.9
1.7
1.8
2.4
1.8
2.8
1.7
3.2
1.9
9.5
11.6
9.8
19
9.8
9.3
9.6
9.0
10
8.9
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
SURVEY OF CURRENT BUSINESS
12 • September 1992
Table 4.1 .—Foreign Transactions in the National Income and Product
Accounts
Table 4.2.—Exports and Imports of Goods and Services and
Receipts and Payments of Factor Income in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
Receipts from rest of the world
Exports of goods
and services
Merchandise l
Durable
Nondurable
Services ]
Receipts of factor income2
Capital grants received by the United
States (net)
Payments to rest of the world ...
Imports of goods} and services
Merchandise
Durable
Nondurable
Services l
Payments of factor income 3
Transfer payments (net)
From persons (net)
From government (net) . .
From business
Net foreign investment
1992
1991
I
II
III
733.0 737.5 740.1
IV
I
1990
756.0 761.0
756.7
717.6
741.7
557.0
398.1
262.6
135.5
159.0
598.2 573.2 594.3
423.1 410.0 421.1
282.0 265.3 284.2
141.0 144.7 136.8
175.1 163.2 173.2
602.3
423.5
285.2
138.4
178.8
622.9
437.7
293.3
144.3
185.3
628.1 625.4
437.3 435.2
293.2 292.8
144.1 142.4
190.8 190.2
160.6
143.5
143.2
137.8
133.1
132.9
0
0
717.6
741.7
159.8
0
0
0
733.0 737.5 740.1
0
0
756.0 761.0
131.3
0
756.7
625.9 620.0 602.0
507.8 499.9 485.2
314.5 315.3 305.1
193.3 184.6 180.1
118.1 120.1 116.7
609.6 629.5 638.9 636.2 662.5
489.5 508.7 516.2 513.1 537.0
305.7 323.1 327.5 330.2 339.1
183.9 185.6 188.7 182.9 197.9
120.0 120.8 122.7 123.1 125.5
139.9
126.5
124.5
122.3
113.3
124.3
27.9 -13.3 -61.8 -16.7
9.7
9.4
9.3
9.8
13.4 -28.3 -76.4 -31.8
5.2
5.2
5.3
5.3
9.1
9.9
-6.2
5.3
16.2
9.7
1.3
5.3
27.4
10.2
12.0
5.3
29.3
10.4
13.6
5.3
-76.1
126.0
9.0
130.8
62.1
18.2 -22.9
-21.5
-16.0
1991
1991
I
II
Exports of goods
and services
Merchandisel
Durable
Nondurable
Services '
Receipts of factor income2
Imports of goods
and services
Merchandise 1
Durable
Nondurable
Services '
Payments of factor income3
II
510.0 539.4 515.9 536.1
368.5 392.5 377.4 390.1
249.2 266.4 251.1 267.9
119.3 126.1 126.3 122.1
141.4 146.9 138.5 146.1
1992
I
III
IV
544.2
395.2
269.6
125.5
149.0
561.4
407.3
277.0
130.3
154.0
565.4 563.4
408.1 408.0
276.1 278.4
131.9 129.6
157.3 155.4
109.7
II
115.4
110.8
561.8 561.2 533.8 553.5
460.3 463.5 438.9 454.9
291.2 296.7 282.2 286.6
169.1 166.8 156.7 168.3
97.7
101.5
94.9
98.5
575.8
477.9
306.9
171.0
97.9
581.8 586.8 607.3
482.2 488.0 507.8
311.0 316.3 327.0
171.3 171.8 180.8
99.6
98.8
99.5
105.4 110.9
103.6
101.0
141.1
122.6
120.8 136.2
120.9
106.2
92.7
107.6
101.0
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
-59.4
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 4.3.—Exports and Imports of Merchandise by End-Use Category
Table 4.4.—Exports and Imports of Merchandise by End-Use Category
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products '
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2 and line 5.
398.1 423.1 410.0 421.1 423.5 437.7 437.3 435.2
35.1
35.7
102.0
106.4
357
663
372
692
34.5
33.1
110.2 106.5
366
736
380
685
38.6
40.2
37.8
104.1 104.9
104.2
104.8
36.7
378
662
364
685
361
681
357
691
153.3 167.0 155.7 169.4
166.7
176.3
176.4
173.9
38.7
27.2
1034
39.7
44.5
23.2
35.4
26.8
1045
43.7
44.9
23.2
40.8
27.9
1076
41.7
48.2
24.9
42.6
27.4
1064
42.9
47.9
24.9
37.7
28.6
1076
46.2
48.5
25.0
23.6
24.0
32.2
25.9
952
36.5
42.8
22.9
36.4
27.3
1033
40.0
45.9
23.8
30.8
27.2
977
35.1
46.2
23.7
199
222
224
21 3
21 7
232
230
28.4
27.9
28.2
27.8
27.4
28.1
25.6
142
139
141
139
137
140
128
120
14.2
13.9
14.1
13.9
13.7
14.0
12.8
12.0
507.8 499.9 485.2 489.5 508.7 516.2 513.1
537.0
26.7
26.5
25.6
27.6
26.3
26.4
26.8
29.1
77.6
39.0
75.6
36.3
73.4
35.7
75.3
36.0
75.5
36.5
78.0
37.0
80.9
39.6
81.4
38.9
392
377
392
389
387
62.3
116.0
10.5
23.0
825
87.7
105.3
51 7 52.5
51.7
51.2
120.7 119.2 120.4 121.3
11.7
26.1
10.8
24.8
829
836
84.9
81.2
108.0 101.8
12.2
25.8
12.5
27.1
824
817
79.1
41 0
41 3
425
48.8
41.5
51.7
122.1
125.1
131.4
11.5
26.8
12.1
27.7
13.5
30.7
838
854
872
90.8
88.6
87.8
89.5
101.6 109.9
118.7
116.2
119.2
58.2
63.0
60.2
62.0
55.7
56.8
52.9
53.3
496
51 2
490
484
51 7
557
560
573
32.2
16.1
16.1
33.0
16.5
16.5
32.2
16.1
32.4
16.2
16.2
33.6
16.8
16.8
34.9
161
33.8
16.9
16.9
17.4
34.7
17.4
17.4
40.2
40.1
39.2
37.5
40.7
43.2
43.3
41.9
174
357.9 382.9 370.8 383.6 382.9 394.5 394.0 393.3
445.5 448.7 433.6 437.8 456.2 467.4 471.6 485.3
Exports of merchandise
Foods feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other . .
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
Foods feeds and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products ]
Exports of nonagricultural products ...
Imports of nonpetroleum products
1.Includes parts of line 2 and line 5.
368.5 392.5 377.4 390.1 395.2 407.3 408.1
408.0
30.4
89.4
31.3
95.5
30.4
95.3
29.1
95.3
32.5
95.1
33.4
96.4
35.1
97.5
33.0
96.7
31 0
324
31 5
331
622
332
31 9
31 7
307
584
150.0
63 1 638
163.7 153.1 165.4
28.6
33.8
30.9
40.6
26.7
37.9
33.1
39.3
876
922
886
930
34.0
39.2
21.4
36.3
40.9
21.6
178
256
128
192
248
124
32.1
41.4
21.8
19.5
12.8
12.4
61 9 645 658 660
163.8 172.5 173.1 174.0
36.0
39.4
21.0
18.5
29.8
41.3
92.7
39.4
39.9
21.0
18.9
34.2
43.9
94.4
37.5
42.7
22.7
20.0
35.5
44.1
93.5
38.4
41.3
21.6
19.7
31.4
48.3
94.4
41.1
41.9
21.9
20.0
250
125
248
124
245
122
249
228
21 2
12.5
12.4
12.2
12.4
12.4
11.4
11.4
10.6
10.6
460.3 463.5 438.9 454.9 477.9 482.2 488.0 507.8
255
245
241
253
241
245
249
272
663
326
337
655
61 7
665
301
345
52.1
48.6
31.7
44.2
347
367
708
327
342
691
325
366
71 4
31 3
647
307
339
52.4
46.5
46.7
51.5
113.9 124.4 118.1 122.6
9.3 10.4
9.3 10.0
31 9
127.6 129.3 135.6
10.0
9.6
10.5
38.1
50.9
146.9
29.9
41.1
35.6
39.0
43.9
45.7
48.6
11.2
56.2
747
734
731
731
732
740
770
794
80.4
93.3
75.7
95.4
73.3
89.2
70.7
90.2
80.7
97.7
78.3
76.4
77.7
500
506
466
476
434
289
144
448
426
284
142
426
455
487
480
492
30.0
28.9
29.8
149
14.2
15.0
14.4
14.9
30.9
15.4
15.4
30.7
150
144
34.6
32.9
36.3
38.1
38.7
37.6
14.4
29.3
14.6
14.6
35.1
35.5
104.6 102.2 103.5
522 559 541 543
153
15.3
333.4 357.0 342.8 357.2 358.9 369.2 369.4 370.4
394.7 403.4 425.5 435.7 441.3 456.8
408.2 414.8
SURVEY OF CURRENT BUSINESS
September 1992 • 13
Table 5.1.—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1991
I
Gross saving
Gross private saving
Personal saving
Undistributed corporate
profits with inventory
valuation and capital
consumption adjusments
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment
Corporate consumption of
fixed capital
Noncorporate consumption
of fixed capital
Wage accruals less
disbursements
Government surplus or
deficit (-), national
income and product
accounts
Federal
State and local
Capital grants received by
the United States (net)
Gross investment
Gross private domestic
investment
Net foreign investment
Statistical discrepancy
II
1992
II
I
IV
III
718.0
708.2
754.1
701.3
679.4
698.2
677.5
682.9
854.1
175.6
901.5
199.6
889.4
192.8
896.9
195.3
884.9
191.0
934.8
219.4
950.1
214.6
968.1
232.3
75.7
69.4
75.8
64.2
77.7
65.7
78.1
63.2
69.0
64.5
78.3
63.4
104.0
86.2
97.7
86.1
-14.2
3.1
6.7
9.9
20.5
8.4
5.3
5.1
382.5
368.3
383.0
379.7
234.6
243.1
239.2
0
0
0
.7
-5.4
-15.5
14.1
23.3
27.0
383.5
386.3
386.1
391.2
241.0
241.4
250.7
245.3
247.0
0
0
0
0
0
-4.8
9.3
-136.1 -193.3 -135.3 -195.6 -205.6 -236.6 -272.6 -285.2
2122 -221.0
-166.2 -210.4 1499
2587 -289.2 3029
17.1
30.1
0
0
14.6
0
16.5
0
15.4
0
22.0
17.7
16.6
0
0
0
723.4
730.1
767.5
728.4
709.9
714.6
706.5
713.8
799.5
-76.1
721.1
9.0
705.4
710.2
62.1
18.2
732.8
-22.9
736.1
-21.5
722.4
-16.0
773.2
-59.4
21.9
13.4
27.1
30.5
29.0
30.9
5.4
16.4
Table 5.4.—Fixed Investment by Type
Table 5.5.—Fixed Investment by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
I
Fixed investment
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
equipment ]
Other
Industrial equipment
Transportation and related
equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment
II
III
IV
I
1990
577.6 541.1 551.4 545.8 538.4 528.7 531.0 550.3
201.1
180.1
190.0
185.2 175.6
169.7
150.1 127.4 137.9 132.4 122.6 116.8
170.1
170.3
115.8
114.4
27.2
28.6
28.0
28.6
28.9
29.0
30.5
30.7
15.4
15.3
16.5
15.6
14.5
14.5
13.5
10.3
13.4
11.8
8.3
8.8
7.6
8.7
9.6
9.4
376.5 360.9 361.4 360.6 362.8 358.9 360.8 380.0
123.0 123.6 121.0 121.3 124.7 127.4 129.9
131.4
34.8
88.1
89.5
34.2
89.4
81.3
32.9
88.1
84.8
33.3
88.0
81.5
34.5
90.2
79.2
36.1
91.2
79.6
37.6
92.3
78.3
39.6
91.7
79.0
83.1
81.0
85.1
71.0
83.4
72.2
85.9
71.8
88.4
70.6
82.6
69.3
82.3
70.4
98.3
71.3
215.6
190.3
182.6 186.2
208.8 183.7 176.0
108.7
95.4
87.0
19.3
80.8
6.8
15.1
73.1
6.6
17.2
71.8
6.6
179.5
89.5
15.4
74.5
6.7
194.2 198.2 207.2 214.8
187.5
100.4
14.1
73.0
6.7
191.7 200.3 207.9
104.8 111.7 115.1
13.8
73.0
6.5
12.9
75.8
6.9
1991
14.2
78.6
6.9
Fixed investment
Nonresidential
1992
1991
I
II
793.2 731.3 733.9 732.0 732.6 726.9 738.2 765.1
1. Includes new computers and peripheral equipment only.
1992
1991
1991
732.9 670.4 671.1
II
III
IV
I
II
669.8 671.4 669.3 681.4 705.9
538.1 500.2 507.0 503.0 498.7 492.1 495.8 514.7
153.0 148.4 149.4 149.1
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
179.1
157.6
166.8
162.2
134.9
113.0
122.5
117.5 108.3 103.6
103.0
101.4
24.1
25.0
24.6
25.1
25.2
25.2
26.5
26.5
12.6
11.7
12.8
11.9
11.0
11.1
10.5
10.4
10.7
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
equipment '
Other
Industrial equipment
Transportation and related
equipment
Other . . .
359.0 342.6 340.2 340.8 345.8 343.7 346.4 365.6
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment
7.6
7.9
6.8
7.7
8.5
8.5
9.4
131.9
139.0
143.8
148.2
153.8
46.0
83.7
72.3
48.4
83.5
69.4
53.6
85.4
67.1
57.6
86.2
67.0
61.5
86.8
65.7
67.9
85.9
65.9
75.0
62.5
74.2
64.0
76.0
63.4
77.7
62.0
72.3
60.6
71.2
61.2
84.1
61.8
194.8 170.2
164.1
166.9
172.6
177.3
185.6 191.2
163.9 157.8
160.4
166.3
171.0
80.5
13.9
66.0
89.4
12.6
64.3
93.9
12.4
64.7
179.0
100.6
184.6
102.9
11.6
66.8
12.7
69.0
130.0
136.1
45.3
84.7
79.0
51.4
84.7
68.9
76.7
73.2
188.2
97.6
17.3
73.3
6.5
85.5
13.6
64.8
6.4
1. Includes new computers and peripheral equipment only.
129.8
78.0
15.5
64.3
6.3
6.5
6.4
6.3
6.6
6.6
14 • September 1992
SURVEY OF CURRENT BUSINESS
Table 5.10.—Change in Business Inventories by Industry
Table 5.11.—Change in Business Inventories by Industry in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1991
1991
I
Change in business inventories
Farm
Nonfarm
Change in book value
Inventory valuation adjustment
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Durable goods
Nondurable goods
6.3 -10.2
3.1
II
III
IV
-28.5 -21.8
.2
5.2
1.4
0
-1.1
3.3 -10.3 -27.4 -27.0
24.5 -14.0 -40.2 -38.1
3.8 12.8
11.2
-21.3
-1.2
3.3 -12.6
-14.0
1.4
-8.2
-7.9
5.0
2.3
2.7
.5 -11.9
1.9 -13.5
-1.4
1.6
3.7
2.5
1.2
1.3
-.2
1.5
-4.3
-2.5
-1.5
-.9
-1.9
-1.2
-1.1
-.1
.9
-1.5
2.4
1.8
-1.4
3.1
-.8
-.1
-.7
-.3
1.4
4.7
4.9
-.2
14.4
-.1
28.8
-5.6
-7.8
-22.4
-7.7
-9.3
1.6
3.8
5.7
-6.7
9.4 -10.1
3.3
6.1
17.4
10.5
-2.0
-1.1
-.9
14.3
.9
-.9
1.8
13.4
-7.0
-3.8
-3.2
-1.9
2.5
5.9
-6.1
-9.5
7.0
8.4
7.0
1.3
6.0
-3.8
-3.8
94
4
6.4
15.5
3.1
1.6
1.4
.3
-3.3
98
133
3.4
-2.0
-5.1
-5.9
-4.7
-1.1
1.7
-3.7
2.9 -11.3
1.2 -12.0
1.7
.7
-2.4
-.6
.7 -1.5
-3.1
.9
2.2 -21.4
-1.7 -20.9
-1.4 -16.4
-.4 -4.5
_ c
3.9
8.1
24
-12.5 -10.1
163 151
3.9
5.0
-.3
3.4
-.7
-.6
-.1
-3.4
.2
7.3
5.4
1.9
12.9
11.1
1.3
-.2
1.5
6.1
5.0
1.8
-7.1
-2.8
-2.0
8
1991
1991
3.4
14
-2.6
4.8
-4.5
Change in business inventories
Farm
Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
. .
Durable goods
Nondurable goods
6.2
2.5
3.7
-9.3
II
-25.1
-20.4
.6
-.4
4.1
1.6
.3
-6.2
.9
13
2.2
1.3 -11.1
1.9 122
6
1.1
3.7
2.4
1.3
.8
-.2
1.1
1.5
2.9 105
1.2 -10.8
1.7
.3
-.6
-1.6
.7 -1.4
-2.2
.8
2.7
-.6
-.1
5
-1.5
1.7 -19.8
-1.6 -19.2
-1.3 -15.2
-.3 -4.0
3.3
-.6
—9
-W
.2
-5.3
-4.3
-1.0
-3.7
-2.3
-1.4
-.8
6.0
76
11 3
-8.7
73
148
135
4.8
3.5
13.3
8.4
5.0
3.3
15
15.2
9.5
5.7
-4.6
3.0
1.6
1.3
.2
36
-3.4
-.2
-.3
-10.7
-3.2
-5.6
-9.0
3.4
-4.9
-8.4
3.5
-.7
-.5
1
-1.8
-1.1
7
12.8
.5
6.5
4.8
1.7
12.3
.8
-.9
1.6
7.6
6.5
1.1
5.2
-2.8
-8.9
-8.6
1.8
11.8
0
1.7
4.4
4.5
-.1
11.5
-6.0
26
-6.2
-3.4
-2.8
-1.8
3.2
-1.3
8
4.4
Table 5.13.—Inventories and Final Sales of Domestic Business
by Industry in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted quarterly totals
1991
Inventories l
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
...
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
. .
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Final sales of domestic business2 ...
Final sales of goods and2 structures
of domestic business
II
IV
1991
1,093.3 1,089.6 1,085.5 1,082.1 1,085.1
97.6
101.1
96.9
90.5
93.0
995.7
988.5
988.6
577.1
418.6
571.7
416.8
569.1
419.5
991.6
568.5
423.1
992.1
568.3
423.8
416.6
269.3
147.2
411.9
265.2
146.7
409.9
262.7
406.7
259.4
404.0
256.4
147.1
147.3
147.6
234.8
231.4
147.6
231.8
146.6
235.5
236.0
150.8
149.6
148.7
84.0
83.7
85.2
85.9
87.3
208.0
204.7
204.6
208.8
209.8
134.0
131.2
129.8
133.0
132.4
74.0
26.8
16.8
10.0
73.5
26.6
16.4
10.2
74.8
27.2
16.8
10.4
75.9
26.7
16.6
10.1
77.4
26.2
16.4
247.0
248.9
252.5
255.8
257.4
116.8
119.1
121.3
121.5
124.9
1,090.9
91.4
999 4
97.3
96.4
94.5
93.6
94.7
393.8
399.3
401.8
403.9
411.1
572.0
427 5
403.1
253.9
149 1
238.3
150.7
87 6
211.7
134.4
77.3
26.6
16.3
10.3
263.3
128.6
67.4
61.1
134.7
94.8
414.5
220.9
222.1
221.6
221.2
226.1
226.7
9.8
60.0
56.8
61.7
57.4
63.5
57.8
63.1
58.4
65.0
59.8
130.2
129.7
131.1
134.3
132.5
2.78
2.53
2.73
2.48
2.70
2.46
2.68
2.45
2.64
2.41
2 63
2.41
4.51
4.45
4.46
4.48
4.39
4 41
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from
current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of
GDP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarter
prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In
addition, changes calculated from this table are at quarterly rates, whereas CBI is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product
less gross product of households and institutions and general government and includes a small amount of final
sales by farm.
2.1
5.1
31
1.1
-.2
1.3
11.8
9.9
5.5
4.4
1.9
25
1.7
-4.2
Inventories ]
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers . . .
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Final sales of domestic business2 ...
Final sales of goods and2 structures
of domestic business .
II
1992
III
IV
I
II
981.4
976.3
976.4
978.3
975.2
83.9
85.0
85.4
84.3
83.8
84.3
897.4
528.0
369.4
891.3
522.0
369.3
891.1
520.4
370.7
894.0
518.6
375.5
891.4
514.2
377.1
892.9
516.4
376.5
378.3
247.7
130.6
375.4
244.5
130.9
373.5
242.7
130.8
370.7
239.0
131.7
368.5
235.6
132.9
366.9
233.6
133.3
207.4
134.9
72.5
204.6
131.8
72.8
204.6
131.0
73.6
207.9
133.1
74.8
206.5
130.9
75.7
207.3
132.1
75.2
183.3
119.6
63.7
24.1
15.3
8.8
180.6
116.9
63.8
24.0
15.0
9.0
180.2
115.7
64.5
24.4
15.3
9.1
184.0
118.1
65.9
23.9
15.0
8.9
182.8
116.0
66.8
23.7
14.9
8.8
183.3
117.3
66.1
24.0
14.8
9.2
222.4
108.6
56.7
51.9
113.8
222.8
109.7
57.8
51.9
113.1
226.0
111.6
59.4
52.1
114.4
229.0
111.8
59.2
52.5
117.3
229.2
113.4
60.4
53.0
115.8
232.1
115.9
61.8
54.1
116.2
977.1
89.4
88.5
87.0
86.3
87.1
86.5
339.8
342.0
342.0
342.1
346.0
346.7
195.1
195.0
194.0
193.5
197.2
196.9
2.89
2.64
2.85
2.61
2.86
2.61
2.86
2.61
2.82
2.58
2.82
2.58
4.60
4.57
4.59
4.62
4.52
4.54
Ratio of inventories to final sales of domestic
business
Ratio of inventories to final sales of domestic
business
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
I
II
I
1.5
3.2
5.0
18
Seasonally adjusted quarterly totals
1992
III
-6.5
-8.0
2.0
Table 5.12.—Inventories and Final Sales of Domestic Business
by Industry
I
7.8
-1.9
-.3
4.6
2.2
2.4
-1.2
7.5 -12.6
II
-4.2
-1.0
2.7 -11.4
128
1.4
8.9
3.7 -6.9
.4 -10.3
3.4
3.4
I
IV
III
-24.7 -24.5
-9.6
1992
I
II
9.2 -15.8
14.5
16.3
-1.8
5.9
-6.9
10.2
I
53
-7.1
3.8 -7.5
.4 -11.3
3.4
3.8
Seasonally adjusted at annual rates
1990
1992
Inventories to final sales
Nonfarm inventories to final sales ..
Nonfarm inventories to final sales of goods and
structures
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at
quarterly rates, whereas the constant-dollar change in business inventories component of GDP is stated at annual
rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product
less gross product of households and institutions and general government and includes a small amount of final
sales by farm.
SURVEY OF CURRENT BUSINESS
Table 6.1C.—National Income Without Capital Consumption Adjustment
by industry
September 1992 • 15
Table 6.16C.—Corporate Profits by Industry
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
National income
without capital
consumption
adjustment
II
III
IV
I
I
Corporate profits with inventory
valuation and capital
consumption adjustments
Domestic industries
4,496.5 4,587.5 4,539.4 4,575.6 4,595.4 4,639.5 4,704.5 4,737.4
4,475.7 4,570.1 4,510.4 4,558.9 4,582.2 4,628.8 4,684.9 4,730.4
Private industries
3,815.9 3,870.6 3,817.1 3,860.7 3,881.0 3,923.7 3,967.0 4,004.1
Agriculture, forestry, and
fisheries
Mining
Construction
96.9
37.1
90.9
36.7
89.7
38.4
96.5
36.3
84.5
36.4
92.9
35.5
95.4
36.0
94.8
34.9
222.7
210.1
208.3
206.7
211.9
213.6
214.4
218.9
Manufacturing
Durable goods
Nondurable goods
855.4
483.2
372.2
841.0
464.2
376.7
831.7
458.2
373.5
836.9
464.9
371.9
846.7
466.0
380.6
848.6
467.8
380.9
850.7
467.5
383.3
874.6
477.3
397.3
325.9
137.1
335.2
140.8
332.6
138.7
338.1
142.3
333.6
139.8
336.4
142.6
339.2
145.4
333.3
140.6
91.9
95.3
94.7
95.1
96.2
95.2
97.9
97.3
96.8
99.0
99.2
100.7
97.6
98.6
95.9
95.4
258.3
391.7
266.0
403.3
264.4
397.3
267.4
402.9
266.5
403.3
265.8
409.9
264.9
413.6
270.2
416.1
673.8 685.0
954.3 1,002.4
678.5
976.1
679.8 687.7 694.2 704.0 698.5
996.1 1,010.5 1,026.9 1,048.8 1,062.8
Government
659.8
699.4
693.3
698.2
701.2
705.0
717.8
726.2
Rest of the world
20.7
17.4
29.0
16.7
13.3
10.8
19.6
7.0
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
1992
1991
II
III
IV
I
II
II
Domestic industries
Transportation and public
utilities
Transportation
Communications
Electric, gas, and
sanitary services ....
1991
1992
1991
I
1990
Financial
Nonfinancial
Rest of the world
Receipts from the rest of the world ...
Less: Payments to the rest of the
world
Corporate profits with inventory
valuation adjustment
Domestic industries
Financial
Federal Reserve banks
Other
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products ....
Industrial machinery and
equipment
Electronic and other electric
equipment
Motor vehicles and
equipment ..
.
.. ..
Other
Nondurable goods
Food and kindred products ...
Chemicals and allied
products
Petroleum and coal products
Other
Transportation and public utilities ..
Wholesale and retail trade
Other . . .
Rest of the world .
361.7
346.3 349.6 347.3 341.2
347.1
384.0 388.4
296.0 279.8 274.7 280.9 279.3 284.2 315.3
47.7
49.9
48.5
49.6
52.8
48.9
59.6
327.4
51.2
248.3 229.9 226.2 231.4 226.5 235.3 255.7 276.2
65.7
67.7
2.0
341.2
66.5
62.5
74.8
69.7
66.3
61.7
61.9
59.8
62.9
59.1
68.7
67.1
-4.0
-5.2
-4.7
-2.2
-3.8
-1.6
337.8 344.2 342.2 331.9
275.5 271.3
56.7
21.4
35.3
60.9
20.2
40.7
333.1
61.0
67.1
6.1
360.7 361.4
269.4 275.9 270.0 270.2 292.0 300.4
59.7
20.9
38.8
60.7
20.2
40.5
63.6
20.0
43.6
59.7
19.8
39.9
70.1
18.8
51.3
61.3
18.5
42.8
218.8 210.4 209.7 215.1 206.4 210.5 221.9 239.0
87.6
91.8
97.5 115.2
106.9 89.3
90.3
87.5
40.5
3.1
6.3
11.3
7.5
25.8
23.3
29.0
26.2
24.8
31.8
38.3
1.5
4.1
1.2
5.5
.2
5.8
1.4
6.0
8.9
9.9
9.7
6.8
9.2
8.6
9.5
6.6
7.2
6.9
5.5
6.8
7.2
6.4
1.1
5.4
-2.6
14.9
66.5
13.2
-6.9
10.8
63.5
16.6
-10.9
16.2
14.6
22.5
43.9
35.8
32.1
65.7
16.1
13.2
14.5
20.0
46.9
44.1
31.1
74.8
7.7
23.1
46.1
44.0
31.1
66.5
11.5
64.3
16.6
.8
6.1
1.8
7:4
1.1
7.8
4.5
9.0
-7.5
13.2
61.3
16.6
-4.3
12.2
65.7
18.4
-4.9
62.7
14.6
65.7
15.2
76.9
19.5
14.1
17.1
20.1
17.8
17.1
11.1
29.2
42.2
46.7
35.0
61.0
6.8
23.8
49.6
45.5
29.8
66.3
4.2
25.9
42.2
41.7
30.7
61.9
6.2
5.1
22.9
45.6
44.5
32.9
62.9
8.2
24.5
49.4
39.9
35.1
68.7
l6 • September 1992
SURVEY OF CURRENT BUSINESS
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price Indexes
[Index numbers, 1987=100]
Seasonally adjusted
1990
1991
I
Gross domestic product:
Current dollars
121.6
Quantity indexes:
107.4
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
113.5
Chain-type annual weights ....
Benchmark-years weights
113.2
Implicit price deflator
Personal consumption expenditures:
122.8
Current dollars
Quantity indexes:
Fivpn 1 QR7 w/pinhtQ
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights . .
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .. ..
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights .
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator .
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit orice deflator
II
115.3
III
IV
I
105.7 106.1
106.4
106.6
107.4
107.8
118.1 116.7 117.7 118.6 119.3 120.4 121.3
117.8 116.5 117.5 118.2 118.9
119.8 120.6
127.4 125.2 126.9 128.2 129.2 131.8 132.9
106.5 106.4
120.4 119.0 119.9 120.8
121.8
107.8 107.7
122.9
124.0
115.0 120.0 118.6 119.5 120.4 121.4 122.3 123.4
110.5 108.9
109.3
112.2 111.6
116.3
116.6
108.8 102.7 102.0
101.9
103.9
103.1
107.1
106.5
115.0
106.3 108.9 107.8 108.6 109.5 109.8 110.3 111.3
105.7 107.6 106.7 107.3 108.0
108.3
121.1 123.8 123.1 124.0 124.2 123.8
104.5 103.1 103.2 103.5 103.3
116.2 120.5 119.8
120.3
120.6
108.6
109.4
126.0 126.4
102.4 103.8
121.3 121.8
103.4
122.7
115.9 120.1 119.4 119.9 120.2 120.8 121.4 122.2
141.0
125.8 133.8 130.5 132.9 134.7 136.9
139.2
107.8 108.9 108.0 108.8 109.1 109.8
110.4 110.7
116.9 123.1
121.2
122.5
123.8 125.1 126.6 127.8
122.8 120.8 122.1 123.4 124.7 126.1 127.4
106.7
96.2
94.1
94.8
97.8
98.2
96.4
103.2
98.6
88.2
86.2
86.7
89.7
90.3
89.3
95.2
109.7 101.2 101.5 101.2 101.3 100.5
101.4
92.7
92.8
92.6
92.9
92.6
102.1 105.8
94.2
97.6
109.1
110.8
110.5 110.6
111.2
111.1 111.1
111.0
108?
1091
1094
1091
1086
1083
108.4
1093
1991
1991
I
II
124.6 125.8 126.7 128.6 130.0
106.8 106.2 105.6 106.1
116.7
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
125.1 123.0
106.2
Seasonally adjusted
1990
1992
1991
Nonresidential:
Current dollars
Quantity indexes:
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Residential:
Current dollars
Quantity indexes:
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ..
Benchmark-years weights
Implicit price deflator
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
II
1992
111
IV
116.0
108.7 110.8 109.6
108.2 106.2
108.1
100.5 101.9 101.0
100.2
108.3
110.4 110.1
107.3
108.2 108.7 108.5
117.4 105.1 110.9
104.6
92.0
97.3
98.9
110.2 {10.6 110.7
108.0
108.1 102.5
94.7
89.3
I
II
106.7
110.6
99.6
103.4
110.8 111.1
107.4 107.1 106.9
99.1
99.3
99.4
86.6
87.2
87.0
112.4
114.3 113.9 114.2 114.9 114.4 114.0 114.4
112.3
114.3 113.9
114.2 114.8
114.4 113.9
114.2
115.3 110.6
110.7 110.5 111.1 110.0
110.5 116.4
110.0
104.2
106.1
104.9
104.4
105.9
105.3
112.0
106.1 108.3 108.1 108.1 108.3 108.7 109.2 109.5
104.9 105.4 106.2
105.8
104.9 104.5 104.2 103.9
95.7
84.5
81.1
82.7
86.2
88.0
92.0
95.4
86.5
75.6
72.8
74.1
76.6
78.7
82.4
84.9
110.8
111.8
111.4
111.6
112.5
111.9
111.7
11 2:4
111.6
112.5
111.8 111.7
153.0 164.4 157.5 163.3
165.5
171.2 172.6 171.8
110.7 111.8 111.3
112.3
140.1
148.2 141.8 147.3 149.5 154.2 155.3 154.8
110.1
112.4
112.4 112.3
112.1 112.8
113.0
113.6
109.2 110.9 111.1 110.9 110.7
111.0 111.1 111.0
123.4 122.3 118.7 120.2 124.1
126.0
110.8
110.7
105.3 109.2 113.6
112.6 113.7 115.4 113.0
111.4 110.5 112.8
125.5
114.8 115.7 119.8
112.8 113.7 112.9
110.1 109.3
130.7
109.8
108.4
114.2
109.1
September 1992 •
SURVEY OF CURRENT BUSINESS
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price Indexes
[Index numbers, 1987=100]
IJ
Table 7.2.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Domestic Product, Final Sales, and Purchases
[Index numbers, 1987=100]
Seasonally adjusted
1990 1991
I
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
:...
Implicit price deflator
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator .
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weignts ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ..
Benchmark-years weights
Implicit price deflator
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
II
Seasonally adjusted
1992
1991
III
IV
I
118.3 123.7
123.4
123.7
124.0
123.7
125.1
125.8
105.5 106.7
107.2
107.3
106.7
105.8
106.3
106.0
112.5 116.5
115.5
116.0
116.9
117.7 118.6
119.6
112.2 115.9
115.1 115.4
116.3
116.9
117.7
118.7
110.8 116.2
117.2
116.9
116.2
114.5 115.6
115.5
102.4 102.3
100.6
99.7 100.9
98.2
97.5
96.8
112.0 116.7
115.5
115.9
116.9
118.3
120.1
120.9
111.2 115.2
114.5
114.3
115.5
116.6
118.6
119.3
107.5 110.9
113.8
111.6
110.2
107.8
107.4
106.7
99.9
98.5
96.1
92.8
90.9
89.8
97.0
96.8
112.2 116.5
115.4
115.5
116.7
118.5
120.2
121.0
110.8 114.5
113.9
113.3
114.7
116.2
118.1
118.9
121.0 133.0
127.9
133.5
135.0
135.7
141.5
143.3
108.0 113.6
110.1
114.3
114.8
115.4
118.1
119.1
111.5 117.0
115.9
116.9
117.6 117.7
119.7
120.2
112.0 117.1
116.2
116.8
117.6
117.6
119.8
120.3
124.2 129.5
128.1
129.0
130.1
130.8
132.5
133.8
110.0 111.3
111.0
111.1
111.4
111.7
113.1
113.1
112.9 116.4
115.5
116.2
116.9
117.2 117.4 118.5
112.9 116.4
115.5 116.1 116.8 117.1 117.1 118.3
NOTE.—The quantity and price indexes in this table are calculate from weighted averages of the detailed output
and prices used to prepare each aggregate and component. The fixed weighted measures use as weights the
composition of output in 1987. For the alternative indexes, the chain-type indexes with annual weights use weights
for the preceding and current years, and the indexes with benchmark-years weights use weights of 1959, 1963,
1967, 1972, 1977, 1982, and 1987 and the most recent year Percent changes from preceding period for selected
items in this table are shown in table 8.1.
1990
II
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .. .
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ..
Benchmark-years weights
Implicit price deflator
Final sales of domestic product ':
Current dollars
Quantity indexes:
Fixed 1987 weights ..
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1 987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Gross domestic purchases2:
Current dollars
Quantity indexes:
Fixed 1987 weights .
. .
Chain-type annual weignts
Benchmark-years weights
Price indexes:
Fixed 1 987 weights
Chain-type annual weights
Benchmark-years weights ...
Implicit price deflator
Final sales to domestic purchasers3:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Imolicit orice deflator
1992
1991
1991
I
II
III
IV
I
II
121.6
125.1
123.0
124.6
125.8
126.7
128.6
130.0
107.4
106.2
105.7
106.1
106.4
106.6
107.4
107.8
113.5
118.1
116.7
117.7
118.6
119.3
120.4
121.3
113.2
117.8
116.5
117.5
118.2
118.9
119.8
120.6
122.2
126.0
124.4
125.8
126.6
127.3
129.7
130.6
107.9
107.0
106.8
107.2
107.0
107.0
108.3
108.2
113.6
118.2
116.8
117.8 i 118.7 119.4
120.4
121.4
113.2
117.8
116.4
117.4
118.3
118.9
119.8
120.7
119.4
121.7
119.9
121.1
122.6
123.2
124.9
126.8
105.3
103.4
102.8
103.2
103.9
103.8
104.5
105.4
113.7
118.1
116.9
117.6
118.5
119.2
120.2
121.1
113.4
117.7
116.6
117.3
118.0
118.7
119.5
120.3
119.9
122.6
121.2
122.3
123.3
123.7
125.9
127.4
105.7
104.2
103.9
104.3
104.4
104.2
105.4
105.8
113.8
118.2
117.0
117.8
118.6
119.3
120.2
121.2
113.4 1177
1166
1173
1180
1187
119.5
120.3
1. Equals GDP less change in business inventories.
2. Equals GDP less net exports of goods and services or the sum of personal consumptions expenditures,
gross private domestic investment, and government purchases.
3. Equals gross domestic purchases less change in business inventories or the sum of personal consumption,
expenditures, gross private domestic fixed investment, and government purchases.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
l8 • September 1992
Table 7.3.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross National Product and Command-Basis Gross National
Product
Table 7.6.—Price Indexes for Fixed Investment by Type, Fixed
1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
Seasonally adjusted
1990
I
Gross national product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Less: Exports of goods and services
and receipts of factor income:
Current dollars
Quantity index, fixed 1987 weights
Plus: Command-basis exports of
goods and services and receipts
of factor income:
Current dollars
Quantity index, fixed 1987 weights
Equals: Command-basis gross
national product:
Current dollars
Quantity index, fixed 1987 weights
1990
II
III
IV
125.3
123.6
124.9
126.0
126.8
128.9
130.0
107.7
106.4
106.1
106.3
106.6
106.7
107.6
107.8
113.5
118.1
116.7
117.7
118.6
119.3
120.4
121.3
113.2
117.8
116.4
117.4
118.2
118.9
119.8
120.6
153.0
138.8
158.1
140.8
156.3
139.1
157.2
140.1
157.8
140.7
161.2
143.3
162.3
143.9
161.3
143.1
153.0
136.8
164.4
141.3
157.5
137.5
163.3
140.9
165.5
142.2
171.2
144.6
172.6
147.1
171.8
145.2
125.3
106.5
123.6
105.9
124.9
106.4
126.0
106.7
126.8
106.8
128.9
107.9
130.0
108.0
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.4.—Price Indexes for Personal Consumption Expenditures
by Major Type of Product, Fixed 1987 Weights
[Index numbers, 1987=100]
Personal consumption
expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment ..
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation . .
....
Medical care
Other
Addenda:
Price indexes for personal
consumption expenditures:
Chain-type annual weights
Benchmark-years weights
120.4
119.0
119.9
120.8
121.8
122.9
124.0
106.3
108.9
107.8
108.6
109.5
109.8
110.3
111.3
105.4 1088
102.4 103.0
115.9 120.5
107.2 1085 1096
102.7 102.9 103.3
118.6 119.4 121.2
109.9
102.9
122.8
1100
103.8
123.5
111.6
104.1
124.5
116.2 120.5
119.8
120.3
120.6
121.3
121.8
122.7
1157
119.1
114.1
128.9
1204
1203
115.1
122.6
115.5
121.7
1303
1170
1173
122.0
123.1
124.2
120.6
116.6
122.1
120.5
125.5
121.3 121.7
117.6 118.0
119.9 122.8
115.1
1135
126.4 127.9
123.1
121.2
122.5
123.8
125.1
126.6
127.8
115.4 1202
118.7
119.7 1205
121.7
1089
1093
1080
1101
1087
1108
110.5
111.4
1208
1227
132.0
123.1
133.7
124.5
123.0
111 4
109.6
113.0
127.3
137.6
126.9
123.7
1059
1201
115.3
123.8
1255 121 2
117.5 123.7
116.9
105.6
106.0
1098
1088
108.5
110.6 109.3
1145
121 9 120.1
124.2 132.8 129.9
117.4 123.7 121.6
110.1
111.3
124.2
135.6
125.6
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
II
110.8
III
IV
I
II
Fixed investment
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
equipment ' .
Other1
Industrial equipment
Transportation and related
equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment
Addenda:
Price indexes for fixed investment:
Chain-type annual weights
Benchmark-years weights
109.1
108.3
112.4
110.5
110.6
111.2
111.1
111.1
111.0
110.4
110.1
110.2
110.6
110.7
110.8
111.1
114.3
113.9
114.2
114.9
114.4
114.0
114.4
111.3
113.3
112.8
114.4
112.5 112.6
113.8 114.2
113.2
114.8
112.8 112.4
114.8 115.1
112.8
115.6
122.7
110.0
130.5
112.2
128.9
111.7
130.7
112.8
132.3
112.7
130.5
111.6
129.9
110.0
129.3
111.2
106.1
108.3
108.1
108.1
108.3
108.7
109.2
109.5
96.2
94.6
95.6
95.0
94.0
93.8
93.8
93.2
78.6
70.0
74.0
71.8
68.3
66.9
65.3
62.4
104.1 105.7 105.4 105.6 105.8 106.1
113.4 117.9 117.5 117.3 117.9 118.7
106.8
119.1
107.2
119.8
112.9 113.7 114.7 115.9
114.0 114.7 115.2 115.6
108.8
111.0
113.4 112.4
114.4 113.5
110.8
111.8
111.4
111.6
112.5
111.9
111.7
112.4
111.0
111.4
111.2
110.2
112.0
111.7
111.4
112.8
111.6
111.5
111.3
111.7
111.8
111.2
110.9
112.9
112.7
112.3
112.0
113.5
112.1
111.7
111.4
113.0
111.9
111.0
110.7
113.5
112.6
111.9
111.6
113.8
104.1
104.2
104.3
103.6
105.5
103.6
104.4
105.0
116.9
116.1
1. Includes new computers and peripheral equipment only. Prior to 1982. all computers and peripheral
equipment are included in other information processing and related equipment (line 11).
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
115.3
111.4
125.6
I
II
I
122.0
122.0
107.5
1992
1991
1991
1992
1991
1991
1122
110.4
113.8
126.4
139.6
128.4
Table 7.9.—Price Indexes for Exports and Imports of Goods
and Services and for Receipts and Payments of Factor Income,
Fixed 1987 Weights
[Index numbers, 1987=100]
Exports of goods and services
Merchandise ]
Durable
Nondurable
Services!
Receipts of factor income2
Imports of goods and services
Merchandise '
Durable
Nondurable
Services1
Payments of factor income3
Addenda:
Price indexes for exports of goods
and services:
Chain-type annual weights
Benchmark-years weights
Price indexes for imports of goods
and services:
Chain-type annual weights
Benchmark-years weights
110.1
112.4
112.4
112.3
112.1
112.8
113.0
113.6
1093
1098
1103
1099
1092
1098
1096
1100
106.9
108.4
108.1
108.3
108.5
1141
1125
112.0
1121
1189
117.6
118.3
1104
1193
108.8 109.3
111 5 1101
120.3 121.2
109.5
1135
113.9
118.7
117.3
118.4
119.4
120.1
121.2
122.0
112.6
113.7
115.4
1107
122.3
113.0
112.8
113.7
112.9
114.2
111 5 111 2 1131
109.9 111.4 111.8
114.2 1108
115.3
125.8
1175
1250
1107
1101
1100
111.3
109.6
110.9
1087
1251
111 3
112.2
109.6
1236
111 2
111.6
110.3
125.3
1260
1275
114.1
119.2
120.3
121.1 122.3
123.1
119.6
118.0
111.7
106.8
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
NOTE.— Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
September 1992 • 19
Table 7.10.—Price Indexes for Exports and Imports of Merchandise
by End-Use Category, Fixed 1987 Weights
Table 7.11.—Price Indexes for Government Purchases by Type,
Fixed 1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1990
1991
I
Exports of merchandise
Seasonally adjusted
1992
1991
II
1990
III
IV
I
II
109.3
109.8
110.3 109.9
109.2
109.8
109.6
110.0
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
.c.
Nondurable goods
Other
Durable goods
Nondurable goods
115.7
114.1
115.5
113.4
103.8
112.3
114.8
111.4
115.2
109.7
105.4
117.8
112.9
115.4
116.2
115.1
104.9
115.5
115.5
111.7
115.1
110.2
105.3
117.1
113.6
109.5
115.0
107.0
105.5
118.9
117.9
109.0
114.6
106.4
105.9
,119.3
117.2
107.2
114.7
103.8
106.0
120.2
116.8
108.6
117.0
104.8
105.7
120.4
78.1
69.4
73.5
71.2
67.4
66.1
64.7
62.3
Imports of merchandise
111.5
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods .
Nondurable goods
Addenda:
Exports of agricultural products ]
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2 and line 5.
109.8 113.7 112.2 113.1 114.2 115J 115.5 115.9
107.4 110.5 109.5 110.2 110.9 111.2 111.8 112.3
110.7 113,8 112.8 114.4 113.7 114.3 117.7 117.9
109.9 111.7 111.5 112.4 111.2 111.4 117.4 116.2
111.3 115.7 114.0 116.1 115.8 116.8 118.1 119.5
111.2 112.5 112.7 112.3 112.1 112.7 112.6 113.0
111.2 112.5 112.7 112.3 112.1 112.7 112.6 113.0
111.2 112.5 112.7 112.3 112.1 112.7 112.6 113.0
111.2 113.1 110.7 110.1 111.2 110.0
111.3
104.0 108.4 108.0 109.1
108.2 108.8 111.7 107.2
116.8
117.9
115.6
119.6
105.2
112.6
113.4
113.7
113.2
100.2
104.9
118.9
114.9
114.5
115.3
105.2
106.2
117.7
117.8
116.1
119.8
117.0
107.9
115.4
115.8
115.3
116.3
100.5
106.1
117.1
80.3
71.7
75.4
73.2
70.9
111.0
108.8
113.3
112.4
114.5
111.5
111.5
111.5
114.2
112.5
11,4.0
113.9
114.1
112.8
112.8
112.8
115.5
111.2
114.8
114.6
114.9
113.5
113.5
113.5
113.7
112.2
113.4
113.3
113.6
112.8
112.8
112.8
112.8
112.8
113.5
113.5
113.5
112.2
112.2
112.2
112.9 112.1 114.2
108.6 109.4 110.1 109.3
110.5 111.9 112.6 111.9
1H.3
112.8
112.8
112.8
104.9
•106.0
119.3
68.6
114.7
113.6
i 114.5
114.6
114.5
112.7
112.7
,112.7
113.6 114.3
114.1 116.2
113.2 112.3
88.7 101.6
105.0 103.8
120.2 120.3
66.8
65.1
113.9
114.7
115.0
113.7
116.6
112.9
112.9
112.9
112.8
114.9
116.5
116.3
116.7
113.1
113.1
113.1
111.6 114.4 113.2 112.9
108.9 109.2 109.1 109.6
111.3 111.9 112.4 112.4
1991
1992
1991
I
II
III
IV
I
II
112.5 116.5
115.5
116.0
116.9
117.7 118.6
112.0 116.7
115.5
115.9
116.9
118.3
120.1 120.9
National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures
112.2
108.9
125.5
112.8
115.3
114.8
116.2
109.3
116.1
115.4
111.8
128.4
116.3
119.3
117.9
122.1
112.1
117.3
115.5
110.7
117.9
117.6
120.8
119.7
123.0
113.1
117.9
116.7
110.8
117.5
119.3
123.1
122.9
123.7
113.8
120.6
118.5
113.0
120.6
121.2
125.1
125.4
124.6
115.5
116.1
120.2
112.9
112.0
124.3
130.7
131.2
129.6
115.2
116.3
Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation
inventory change
Other nondurables
Services
Compensation of employees
Other services
Structures
111.5 117.0 115.9 116.9 117.6 117.7 119.7 120.2
104.5 106.6 107.2 106.7 107.1 105.6 103.0 102.9
Government purchases
Federal
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures
Addenda:
Price indexes for government
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal national
defense purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal nondefense
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for State and local
purchases:
Chain-type annual weights
Benchmark-years weights
116.5
111.6
121.1
118.6
122.1
121.5
123.3
113.6
118.0
119.6
121.0
112.9
116.9
125.2
131.9
132.8
130.1
115.4
118.5
109.1
113.3
115.5
110.2
110.6
108.7
119.4
122.4
115.2
113.3
107.9
118.0
121.4
113.3
112.5
108.8
118.9
122.2
114.4
113.5
109.3
119.9
122.7
116.0
113.8
108.6
120.8
123.4
117.2
113.3
109.0
123.8
128.4
117.3
112.6
109.4
124.0
128.7
117.5
113.4
112.9
108.2
115.6
113.5
116.5
116.4
111.2
115.1
118.1
122.0
115.5
110.6
116.7
116.7
120.1
116.2
110.8
114.6
117.7
121.4
116.9
111.3
114.9
118.7
122.6
117.2
111.9
114.5
119.4
123.7
117.4
112.4
113.4
120.3
124.9
118.5
113.2
115.9
121.2
126.4
76.5
79.8
77.9
76.1
72.1
70.0
65.1
81.7
109.6
110.5 110.4 111.2
111.1 109.5 107.4 108.8
SURVEY OF CURRENT BUSINESS
2O • September 1992
Table 7.12.—Price Indexes for National Defense Purchases, Fixed
1987 Weights
Table 7.14.—Implicit Price Deflators for Gross Domestic Product
by Sector
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1990
I
National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods .. ..
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support2 1
Weapons support 3
Personnel support
Transportation of material
Travel of persons
Other
II
1990
1992
III
IV
I
112.2
116.5
115.4
115.5
116.7
118.5
120.2
121.0
111.6
111.8
110.7
110.8
113.0
112.9
112.9
112.0
114.0
101.6
99.5
110.2 117.2
110.7 115.2
105.9 107.0
115.4
113.0
108.0 107.6
112.2
114.0
106.1
115.0
112.9
106.8
114.9
108.3
111.0
112.4
100.3
117.7
113.8
106.8
115.5
108.0
111.2
112.5
113.6
117.1
100.0
99.9
117.6 118.6
115.4 118.8
107.1 107.6
115.9 115.4
107.3 106.7
113.5
116.8
125.5
121.1
128.4
117.9
117.5
120.6
112.0
116.9
145.6
112.3
116.1
132.1
109.5
120.1
152.8
109.3
120.0
120.1
112.5
120.6
123.9
108.1
119.5
131.7
108.2
120.3
108.8
107.9
119.4
116.0
123.9
119.9
112.8
118.6
116.3
117.6
119.3
121.2
124.3
125.2
115.3
114.8
116.2
109.3
122.1
121.5
123.3
113.6
119.3
117.9
122.1
112.1
120.8
119.7
123.0
113.1
123.1
122.9
123.7
113.8
125.1
125.4
124.6
115.5
130.7
131.2
129.6
115.2
131.9
132.8
130.1
115.4
106.1
110.7
109.9
118.0
108.8
113.6
115.6
126.7
102.5
112.3
107.7
112.6
113.0
123.9
100.6
111.7
108.8
112.8
114.9
125.5
101.9
112.7
108.8
114.1
116.0
126.3
101.8
113.5
110.1
114.8
118.4
131.1
105.6
111.5
109.9
113.5
118.0
132.6
103.7
112.5
111.6
113.3
118.6
131.9
102.1
109.1
96.5
107.3
113.9
116.2
101.0
99.9
118.4 118.7
119.1 119.0
107.8 109.0
115.2 116.2
107.1 103.1
116.1
118.0
117.3
117.9
120.6
116.1
116.3
118.5
108.0
131.0
109.6
133.3
109.1
132.3
110.5 110.9
131.5 138.4
108.0
131.0
111.5
125.1
113.3
128.5
Addenda:
Price indexes for national defense
purchases:
Chain-type annual weights
Benchmark-years weights
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
Table 7.13.—Implicit Price Deflators for the Relation of Gross
Domestic Product, Gross National Product, Net National Product,
and National Income
[Index numbers,. 1987=100]
Gross domestic product
Plus: Receipts of factor] income from
the rest of the world
Less: Payments of factor
income to the
rest of the world2
113.2
1140
1195
1179
1191
1202
121 1 1223
123.1
Equals: Gross national product
Less: Consumption of fixed capital
Equals: Net national product
113.2
117.8
116.4
117.4
118.2
118.9
120.6
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises ....
Statistical discrepancy
Equals: National income
Addenda:
Net domestic product
Domestic income
118.9
119.8
120.6
113.8 118.7 117.3 118.4 119.4 120.1
121.2
122.0
117.8
116.5
117.5
118.2
119.8
108.6
110.0
110.0
110.2 109.7
110.0
109.5
110.4
113.8
118.8
117.3
118.4
119.4
120.1
121.2
122.0
117.6
128.4
117.1
126.3
1128
1159
125.8 130.7
116.8 117.5
130.7 131.2
118.0 118.8
131.1
119.5
113.4
117.8
116.4
117.7
118.2
119.0
120 1 121 2 1220
120.2
121.1
119.1
1138
1188
1173
1184
1194
113.4
117.8
116.4
117.7
118.2
120.2
121.1
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations..
1991
II
108.9
108.9
111.5
Structures
Military facilities
Other
Seasonally adjusted
1991
1991
I
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
...
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business product
less housing
1992
1991
II
III
IV
I
II
113.2
117.8
116.5
117.5
118.2
118.9
119.8
120.6
112.8
112.6
112.4
115.2
120.5
112.8
117.1
117.1
116.8
119.8
114.0
117.1
115.9
115.9
115.7
118.1
112.8
115.9
116.8
116.7
116.5
119.1
121.3
116.8
117.5
117.5
117.2
119.9
115.5
117.5
118.0
118.2
117.8
122.0
106.9
118.0
118.8
118.9
118.6
122.2
110.8
118.8
119.5
119.7
119.3
123.0
110.5
119.5
115.2
106.0
115.7
121.6
111.4
122.0
118.7
109.8
119.1
122.7
120.9
110.9 111.7
123.2
121.3
123.8
113.2
124.2
125.0
113.9
125.4
126.5
114.9
127.0
116.1
115.3
116.4
121.9
122.2
121.8
120.0
120.0
120.0
121.3
121.3
121.3
123.9
124.6
123.6
126.3
129.9
124.7
127.6
130.8
126.2
112.5
116.8
122.6
123.0
122.5
Table 7.15.—Current-Dollar Cost and Profit Per Unit of ConstantDollar Gross Domestic Product of Nonfinancial Corporate Business
[Dollars]
Current-dollar cost and profit
per unit of constant-dollar
gross domestic product '
Consumption of fixed capital
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits tax liability
Profits after tax with inventory
valuation and capital
consumption adjustments
Net interest . . .
1.151
1.108
1.139
1.132
1.140
1.143
1.143
1.146
.120
.126
.126
.127
.127
.126
.125
.126
.988
1.013
1.005
1.013
1.016
1.017
1.021
1.026
106
115
113
114
117
117
117
.882
.737
.898
.759
.892
.754
.899
.760
.900
.763
.900
.761
.118
.903
.760
.908
.759
.091
.034
.085
.030
.084
.029
.086
.030
.084
.031
.086
.030
.093
.033
.100
.037
.057
.055
.055
.056
.053
.056
053
054
053
053
052
.060
.050
.064
054
049
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point
shifted two places to the left.
September 1992 • 21
SURVEY OF CURRENT BUSINESS
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
I
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1 987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Personal consumption expenditures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weiohts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nonresidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights . .
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-vears weiahts
52
2.8
.8
-1.2
II
1.8
-3.0
IV
III
5.2
1990
1992
4.0
2.8
I
II
6.2
4.3
1.7
1.2
.6
2.9
1.5
•
4.5
4.0
4.7
3.5
3.0
2.4
3.6
2.9
6.4
3.7
.4
5.4
4.4
3.0
8.4
3.5
1.2
-.6
2.0
1.5
-.3
5.1
-.1
5.3
4.4
-3.0
3.4
3.3
3.0
1.1
-3.9
-11.2
1.7
-.3
-5.6
-13.0
-.7
8.1
2.9
3.6
-3.0
3.0
.4
-3.2
1.3
-.6
1.7
2.4
6.5
2.2
.5
-1.3
3.3
10.9
3.1
-2.3
-3.1
3.5
18.0
16.5
3.5
1.0
-2.1
1.8
3.6
-1.2
7.5
1.1
-3.5
5.5
1.1
-1.5
6.1
3.6
0
1.7
.7
2.4
1.8
2.8
7.6
6.3
5.0
7.5
5.6
6.5
7.0
5.3
1.9
1.1
-.3
3.0
1.2
2.3
2.2
1.2
5.6
5.3
5.6
4.3
4.3
4.0
4.9
3.8
-3.9
-9.8
-17.0
2.7
13.3
1.8
-7.2
31.2
-5.7
-10.6
-18.5
2.2
14.6
2.9
-4.6
29.5
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights ....
Chain-type annual weights
Benchmark-years weights .
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Residential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Imports of goods and services:
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Government purchases:
Quantity indexes:
Fixed 1987 weiohts
4.0 -10.4
.8 -12.0
3.1
.5
-1.0
2.1
-6.6
-9.1
1992
1991
1991
1.7
II
1
II
III
IV
-12.2
-9.7
-19.2
-12.8
.9
.5
-10.6
-20.8
-11.5
2.7
-.8
-14.0
1.9
1.1
2.2
-1.6
I
-1.3
1.4
-4.1
-15.2
-.9
2.5
-4.2
2.1
23.0
-4.6
-16.7
.7
6.0
-2.4
3.2
24.1
_ -j
.6
2.0
.1 4 -1
-12.6
3.0
-26.3
8.1
18.3
-26.9
7.0
14.4
.7
.7
8.5
11.3
1.6
1.1
19.4
15.5
20.1
12.6
3.3
-2.1
-.7
15.6
5.5
14.4
3.4
-1.7
16.6
6.2
13.3
2.9
-1.4
2.7
.9
9.6
7.4
-4.4
8.1
5.8
-5.0
1.7
2.1
6.5
-.9 -25.0
3.0
-.1 -14.6
15.6
3.7
1.0 -10.0
-7.9
7.0
4.5
6.2
1.2
2.8
1.2
2.8
.2
4.2
3.5
3.8
1.8
6.2
4.9
2.0
1.2
7.2
-.3
4.5
4.1
5.8
1.1
4.7
3.1
.7
-.2
4.5
3.9
2.3
1.6
-.3
5.1
-.6
2.4
13.7
6.1
17.1
4.2
-.6
.9
-2.3
3.1
.5
-1.7
3.5
-2.9
-1.1
4.8
-3.0
1.7
2.5
2.1
17.6
14.7
4.8
2.2
-1.2
Benchmark-years weiohts
Price indexes:
PivpH 1Qft7 woinhtc
2.9
2.7
3.0
3.5
3.9
-.2
Chain-type annual weiohts
Benchmark-years weiohts
-.7
-2.8
2.5
-7.8
-17.5
-8.5
-18.7
1.6
2.0
.3
-3.1
6.4
15.4
-.8
1.0
-1.2
7.4
15.2
.4
1.8
-1.0
1.7
-6.3
-14.2
-4.0
-5.3
-.4
-7.0
-15.8
-3.1
-3.4
2.4
1.9
2.6
.3
1.2
-.3
.1
1.5
1.8
15.4
52
3.0
16.1
.4
.5
-7.0
1.2
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weiohts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights .
Chain-type annual weights
Benchmark-vears weiahts
12.4
-1.2
-2.4
-5.6
-6.5
-9.0
3.5
5.0
-7.6
-4.8
-8.7
8.7
-56
-9.4
-130
4.5
.4
11.9
3.9
6.5
-3.0
6.0
-2.7
2.8
-1.4
-2.4
-77
-5.2
5.6
3.2
SURVEY OF CURRENT BUSINESS
22 • September 1992
Table 8.1 .—Percent Change From Preceding Period in Selected
Series
Table 8.2.—Selected Per Capita Product and Income Series in
Current and Constant Dollars and Population of the United States
[Percent]
[Dollars]
Seasonally adjusted at annual rates
1990
I
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights ... .
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Addenda:
Final sales of domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights . . ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross domestic purchases:
Current dollars
Quantity indexes:
Fixea 1987 weights
Chain-type annual weights .
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Final sales to domestic purchasers:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross national product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Command-basis gross national
product:
Quantity index, fixed 1987 weights ...
Disposable personal income:
Current dollars
1987 dollars
10.5
5.8
4.5
10.0
5.2
4.8
II
Seasonally adjusted at annual rates
1990
1992
1991
1991
I
IV
III
II
18.7
4.3
2.6
17.9
5.3
2.8
16.6
1.5
2.3
9.7
3.3
3.2
2.3
.3
7.3
1.5
7.5
4.3
2.1
2.9
3.3
2.2
5.3
3.9
3.4
1.2
-.1
.6
.9
1.4
5.1
-.2
3.9
3.1
5.7
3.1
1.3
-.8
4.5
4.0
4.9
1.9
.4
-1.8
4.6
3.8
5.4
2.2
.8
-1.4
2.3
1.6
-3.2
2.3
2.5
.9
.8
4.0
4.7
2.4
2.2
8.0
2.6
1.3
-.5
0
4.7
-.1
3.6
2.9
2.4
3.6
3.1
-1.0
4.2
4.8
2.0
5.6
6.4
-4.2
1.7
2.4
-.4
3.0
3.4
4.8
3.1
-1.1
2.5
2.9
2.5
3.1
3.2
3.7
3.2
1.4
7.4
4.7
1.7
-4.3
1.3
.7
-.9
4.7
4.6
3.8
3.3
2.6
2.8
2.5
3.1
3.2
5.2
2.7
1.6
4.3
3.7
2.7
6.8
3.4
.8
1.0
.4
3.6
.7
3.5
3.0
2.4
3.6
2.9
-1.7
1.7
1.C
4.3
.3
.8
-2.6
5.3
1.9
3.7
.7
7.3
4.0
4.8
1.2
.9
4.5
.7
6.8
1.5
-1.2
4.0
-1.0
4.1
—.2
-3.2
4.7
5.5
2.2
NOTE.—Except for disposable personal income, the quantity and price indexes in this table are calculated from
weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixed
weighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type
indexes with annual weights use weights for the preceding and current years, and the indexes with benchmarkyears weights use weights of 1959, 1963, 1967, 1972, 1977, 1982, and 1987 and the most recent year.
1991
I
13.9
10.1
1991
Current dollars:
Gross domestic
product
Gross national
product .
Personal income .
Disposable
personal ,
income ...' ....
Personal
consumption
expenditures ...
Durable goods
Nondurable
goods
Services
Constant (1987)
dollars:
Gross domestic
product
Gross national
product
Disposable
personal
income
Personal
consumption
expenditures ...
Durable goods
Nondurable
goods
Services
Population (midperiod,
thousands)
II
1992
III
IV
I
II
22,092
22,466
22,194
22,422
22,577
22,671
22,958
23,141
22,175
18,660
22,535
19,106
22,309
18,884
22,488
19,050
22,629
19,151
22,713
19,337
23,035
19,578
23,169
19,717
16,174
16,658
16,433
16,604
16,706
16,885
17,143
17,297
14,996
1,857
15,384
1,765
15,184
1,746
15,345
1,749
15,468
1,790
15,537
1,775
15,814
1,845
15,907
1,845
4,899
8,240
4,952
8,666
4,947
8,491
4,971
8,625
4,961
8,717
4,931
8,831
5,008
8,960
5,009
9,053
19,513
19,077
19,058
19,090
19,094
19,066
19,159
19,182
19,587
19,138
19,159
19,149
19,141
19,104
19,225
19,208
14,068
13,886
13,861
13,891
13,876
13,913
14,017
14,021
13,044
1,757
12,824
1,641
12,808
1,637
12,838
1,630
12,848
1,658
12,803
1,639
12,930
1,700
12,893
1,686
4,227
7,059
4,125
7,058
4,144
7,027
4,147
7,061
4,129
7,062
4,081
7,082
4,126
7,104
4,099
7,108
251,687 252,329
253,053
253,776 254,388
255,054
249,961 252,711
SURVEY OF CURRENT BUSINESS
September 1992
Table 8.3.—Auto Output
Table 8.4.—Auto Output in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
129.7
Auto output
132.9
Final sales
Personal consumption expenditures .. 130.4
96.7
New autos
33.7
Net purchases of used autos
Producers' durable equipment
35.5
55.1
New autos
Net purchases of used autos
-19.6
Net exports
-35.4
10.5
Exports
Imports
45.9
2.4
Government purchases
Change in business inventories of
new and used autos
-3.2
New
-2.3
—9
Used
Addenda:
l
Domestic output of new autos
99.5
Sales of imported new autos2
61.3
1991
1991
1992
1990
I
II
III
IV
I
II
119.7
112.6
118.8
125.0
122.3
125.1
135.0
119.7
115.3
79.5
35.8
36.6
59.8
-23.3
-33.9
11.7
45.6
1.7
117.2
113.9
78.0
35.8
35.0
56.1
-21.1
-34.1
10.9
45.0
2.3
119.8
112.0
78.5
33.5
36.8
60.2
-23.3
-30.6
10.9
41.6
1.7
120.9
117.7
78.7
39.0
38.8
65.0
-26.3
-37.1
13.3
50.4
1.6
120.8
117.5
82.7
34.8
35.7
58.1
-22.4
-33.8
11.7
45.5
1.3
129.9
124.4
87.6
36.7
36.0
57.6
-21.6
-32.0
12.4
44.4
1.5
130.3
122.0
83.1
38.9
38.7
65.2
-26.5
-32.0
13.4
45.4
1.7
0
-.3
.4
-4.5
-2.9
-1.6
-1.0
-3.1
2.1
4.1
3.9
.2
1.5
.7
.8
94.7
56.2
90.9
51.4
90.4
58.4
99.4
60.7
98.0
54.5
-4.8
-3.1
-1.7
98.5
56.8
4.7
2.9
1.8
104.8
61.1
1991
1991
I
121.7
Auto output
125.8
Final sales
Personal consumption expenditures .. 125.0
New autos
91.6
33.4
Net purchases of used autos
Producers' durable equipment
33.3
New autos
52.1
Net purchases of used autos
-18.9
Net exports
-34.6
9.9
Exports
44.5
Imports
Government purchases
2.2
Change in business inventories of
new and used autos
-4.1
New
-3.3
-.8
Used
Addenda:
l
Domestic output of new autos
93.3
Sales of imported new autos2
58.1
II
1992
IV
fl!
I
II
109.3
104.8
110.7
112.2
109.4
111.2
121.4
109.2
107.6
72.6
35.0
32.4
54.7
-22.3
-32.2
10.6
42.8
1.5
109.9
108.4
72.1
36.3
31.3
51.8
-20.6
-31.9
10.0
41.9
2.1
109.1
104.7
71.8
32.9
32.5
55.0
-22.5
-29.6
9.9
39.5
1.4
108.8
108.9
71.6
37.3
34.2
59.1
-25.0
-35.6
12.0
47.6
1.3
109.1
108.3
75.0
33.3
31.4
52.7
-21.3
-31.7
10.6
42.3
1.2
117.7
115.0
79.2
35.8
31.2
52.0
-20.8
-29.7
11.2
40.8
1.3
115.6
110.8
74.3
36.6
33.5
58.3
-24.8
-30.2
11.9
42.1
1.4
.1
-.5
.6
-5.0
-3.6
-1.4
1.6
-.7
2.2
3.4
2.9
.5
.3
7
1.1
86.4
51.4
83.7
47.5
84.2
53.4
89.9
55.2
88.0
49.4
-6.6
-4.9
-1.7
87.1
51.3
5.8
4.1
1.7
94.8
54.6
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
Table 8.5.—Truck Output
Table 8.6.—Truck Output in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Truck output l
Final sales
Personal consumption expenditures ..
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
1. Includes new trucks only.
72.4
67.9
57.9
69.1
71.6
72.9
78.0
81.7
73.5
39.4
33.1
-54
4.2
9.6
6.3
69.4
36.2
30.9
-38
5.4
9.2
6.0
66.1
33.4
29.3
-34
4.7
8.1
6.9
69.9
34.8
29.6
-21
6.2
8.3
7.5
70.3
38.1
30.9
-42
5.4
9.6
5.5
71.1
38.6
33.8
-54
5.3
10.7
4.1
71.1
37.9
34.0
-65
4.6
11.1
5.6
84.4
43.2
37.1
-43
6.2
10.5
8.4
-1.0
-1.5
-8.2
-.7
1.3
1.8
6.9
-2.7
Truck output1
Final sales
Personal consumption expenditures ..
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
1. Includes new trucks only.
67.0
68.0
60.4
52.1
62.0
63.4
64.1
68.1
70.2
36.4
306
-50
3.9
8.9
5.8
61.7
32.0
277
-33
4.8
8.2
5.4
59.5
29.9
265
-31
4.3
7.3
6.2
62.6
30.9
268
-1 9
5.6
7.5
6.8
62.3
33.5
276
-37
4.9
8.5
4.9
62.5
33.8
298
-48
4.7
9.4
3.6
62.0
33.0
297
-57
4.0
9.7
4.9
72.4
37.0
31 9
-37
5.3
9.0
7.2
-1.0
-1.3
-7.4
-.6
1.2
1.7
6.1
-2.3
SURVEY OF CURRENT BUSINESS
24 • September 1992
NIPA Charts
Nov.
P
Dec. Nov.
P
T
Mar.
T
Shan e in business inventories^.
1964
65
66
67
68
69
70
71
72
73
90
91 1992
SURVEY OF CURRENT BUSINESS
Perc*mt Change
\r .-.,...
10
REAL GROSS DOMESTIC PRODUCT1
! 5-
!•
Lo
:
,
'.
percent Change
1
P
; "': "';/.j5_
••. ,11
^:0;
'
1989; _ :
L
1990^
t!
'1991;
1992 , i
:
;
r$
mm^^^m
{
ll
,11
1991
1992
;
300
" *;
; 200
too
i-10
1989
j
Perce ntdhanse"';
; to
r
t
-'
f
1990
1091
T" " "'
," '." ',
REAL DISPOSABLE PERSONAL INCOME
1992 ;
^':: .
"" / - -
~ : " """;.. -T1«!8&
;"
1001
1992
1991
1992
- > ' ^ - ' - , ..; -,p0rc@^-
,' - -
1
1990
v
14) -
pERSONAL SAVING RATE 3
§-
0
1,.1,1. .-',
, i.i.l.
..5.:
;
-10
;. "-1989 .-.-
"'"
1990
= 400
•|l
- -- ;--
1989
;- : - , - - - ; : - '-..---''- -• - - - : - .. . i ' ' . : " . : - . . ..;., 8«l!ion$ / .
: sou
c ORPOF ATE. PROFITS WITH IVAANC)CC Adj2
;•; '"" . -•
-'•'-':..'--•'• - - h - ' - Perec mtChange \ ; - - - - v ; - ; :
:-!,.>-..''.. - . . . . ,
10:
REAL GROSS DOMESTIC PURCHASES1
0
c5ROSS DOMESTIC1 PURC)HASES PRICE INDEX
(FIXED WEIGHTS)
•n
,
, ;
September 1992 • 25
:
;-- -. 1-990 - - '--- - -WtX -. -, .-•
;-f992 .. .,;
;.
.. 'V0<
..-. .. ; _. ;
' lf%^ctaKW&ttinuar^
•
ssonally aojusted annual rate! tvAte tnvetfoty vafuafioni adly^tment, and CCAdj Is capfa! consumption a$UB6t»m
..• t Sea
:
'• 3. Personal syngas per^nlag^ of dispo^^6pefsonatfnco»ne;^
- , U&E e^ftmem of Commer<je»8«miw, of Economic ^mt^sts.
1'
/
Illl I
19S9
1990
SURVEY OF CURRENT BUSINESS
26 • September 1992
Reconciliation and Other Special Tables
Table 1.—Relation of Net Exports of Goods and Services and Net Receipts of Factor Income in the National
Income and Product Accounts (NIPA's) to Balance on Goods, Services, and Income in the Balance
of Payments Accounts (BPA's)
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1991
1992
1991
I
II
III
IV
I
II
697.0
4.1
0
.6
699.6
3.2
0
.1
703.3
3.4
0
.5
719.6
3.6
0
.7
724.7
3.8
-.6
.1
720.3
3.5
-.1
0
Exports of goods, services, and income, BPA's
Less: Gold, BPA's
Statistical differences ]
Other items
1
2
3
4
704.9
3.6
0
.5
Plus: Adjustment for grossing of parent/affiliate interest payments
Adjustment for U S. territories and Puerto Rico
Services furnished without payment by financial intermediaries except life insurance
carriers and private noninsured pension plans
5
6
26.1
7
9.2
8.9
9.2
9.3
9.5
9.8
Equals'. Exports of goods and services and receipts of factor income, NIPA's
8
741.7
733.0
737.5
740.1
756.0
761.0
756.7
9
716.6
705.1
706.4
723.6
731.4
720.3
760.6
10
11
12
2.9
0
0
3.3
0
0
3.0
0
0
2.3
0
0
3.1
0
0
2.3
1.7
0
3.6
1.6
0
Imports of goods, services, and income, BPA's
Less: Gold, BPA's
Statistical differences '
Other items
.
.
.
5.5
5.3
26.5
5.7
26.2
5.4
25.9
5.4
25.7
4.4
25.5
Plus- Gold NIPA's
Adjustment for grossing of parent/affiliate interest payments
Adjustment for U S territories and Puerto Rico
Imputed interest paid to rest of world
13
14
15
16
-2.4
9.2
8.9
9.2
9.3
9.5
9.8
Equals: Imports of goods and services and payments of factor income, NIPA's
17
746.0
732.7
736.0
754.0
761.2
749.6
Balance on goods, services, and income, BPA's (1-9)
Less- Gold (2-10+13)
Statistical differences (3-11) l
Other items (4-12)
18
19
20
21
-11.7
-8.1
-2.2
-6.8
-2.0
-20.3
-11.8
-1.7
-1.1
-1.7
0
0
0
0
0
Plus' Adjustment for US territories and Puerto Rico (6-15)
22
Equals: Net exports of goods and services and net receipts of factor income, NIPA's
(8-17)
23
1. Consists of statistical revisions in the NIPA's that have not yet been incorporated in the
BPA's (1992:11) and statistical revisions in the BPA's that have not yet been incorporated in the
NIPA's (1992:1).
NOTE.—Three changes have been made to the BPA's that eliminate differences between the
-3.0
5.5
5.3
20.0
19.8
22
5.7
19.9
-2.2
5.4
20.1
-2.2
5.4
20.2
-1.2
4.4
20.2
4.4
.3
-2.3
.5
.6
.1
.5
.7
.1
6.1
6.7
6.3
5.8
5.5
5.3
0.3
1.5
-4.3
-13.9
-5.2
11.4
4.3
25.3
10.1
-3.3
4.3
20.2
10.1
786.8
-40.3
-3.4
-1.7
0
5.1
-30.1
BPA's and the NIPA's. The BPA's now present service transactions on a gross basis, include
estimates for nonresident taxes paid and received, and exclude capital gains and losses from
direct investment income. See "U.S. International Transactions, First Quarter 1992 and Revised
Estimates 1976-91," SURVEY OF CURRENT BUSINESS 72 (June 1992): 70-77.
September 1992
SURVEY OF CURRENT BUSINESS
Annual NIPA Revision: Newly Available Tables
Twelve tables that are usually included in the full set of NIPA tables were postponed from the July SURVEY
OF CURRENT BUSINESS and are now available: Tables 3.15-3.20 from section 3, "Government Receipts and
Expenditures," and all tables from section 9, "Seasonally Unadjusted Estimates." Revised alternative quantity
and price indexes in tables 7.1-7.12 and the associated percent changes in table 8.1 consistent with the annual
revision of the NIPA'S published in the July SURVEY are not yet available. They will be published in a forthcoming
issue of the SURVEY.
Table 3.15.—Government Expenditures by Function
[Billions of dollars]
Line
Total '
Central executive legislative and judicial activities
International affairs
Space
. . . .
National defense
Civilian safety
Education
Health and hospitals
Income support social security and welfare
Veterans benefits and services
Housing and community services
Recreational and cultural activities
Enerav
Agriculture
Natural resources
Transportation . . . .
Postal service
Economic development regulation and services
. .
Labor training and services
Commercial activities
Net interest paid 2
Other and unallocable
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
1988
1989
1990
1991
1,590.7 1,700.1 1,8405 1 9401
533
142
92
584
145
2952
2996
11 0
63.6
70.9
2478
2697
653
168
129
3137
704
-254
135
3234
778
833
291 3
3079
366
393
41 7
406
5046
5462
6053
691 0
30.9
32.1
26.6
279
120
338
283
131
-23
194
127
821
42
355
291
136
-26
208
142
835
21
11 3
11 2
69
-79
72
-81
110
5
-1 4
21.3
22.1
11 3
746
27
78
6.5
118
778
23
89
6.7
-6.5
-7.5
1433
1596
361
384
1734
408
1869
420
1. Equals Federal Government expenditures less grants-in-aid to State and local governments plus State and
local government expenditures. Total expenditures include employee compensation on a disbursement basis. The
estimates by function include employee compensation on an accrual basis. Wage accruals less disbursements (in
millions of dollars) is as follows: 1988, 0; 1989, 0; 1990, 50; and 1991, -50.
2. Excludes interest received by State and local social insurance funds, which is netted against expenditures
for the appropriate functions.
28 • September 1992
SURVEY OF CURRENT BUSINESS
Table 3.16.—Federal Government Expenditures by Type and Function
[Millions of dollars]
1988
Line
Total1
Central executive, legislative, and judicial activities
Central administration and management
Tax collection and financial management
Legislative and judicial activities
Other
International affairs
Conduct of foreign affairs and informational activities
Foreign economic assistance
Space
National defense
Military activities
Civil defense
Foreign military assistance
Other
Civilian safety
Police ....
Fire
Correction
Education .
Elementary and secondary
Higher ....
General research and other
Health and hospitals
Income support, social security, and welfare
Retirement
Old-age and survivors insurance (social security)
Government employees, civilian
Government employees, military
Railroad
Disability
Disability insurance (social security)
Government employees civilian
Government employees, military
Railroad
Other .
Unemployment insurance
Regular
Extended
Other .
' Medical care
Hospital and supplementary medical insurance (Medicare)
Medicaid
Welfare and social services
Other
Veterans benefits and services
Disability and survivors compensation
Education
Insurance
Hospitals and medical care
Other
Housing and community services
Urban renewal and community development
Housing .
Water and sewerage
Recreational and cultural activities
Energy
Conservation and development of energy sources
Production and sale of power
Administration and regulation
Agriculture
Stabilization of farm prices and income
Financing farm ownership and utilities
Conservation of agricultural resources
Other ....
Natural resources
Transportation
Highways
Water
Air
Railroad
Transit ..
Postal service
Economic development, regulation, and services
Economic development assistance
Regulation of commerce and finance
Other
Labor training and services
Training programs
Other
Net interest paid
Revenue sharing
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
1,108,956
387,026
582,270
111,262
28,398
1,181,604
401,574
15,116
4,729
4809
3,319
2,259
16,420
3,902
7367
3282
1,869
-2,398
-12
-2558
1,105
850
-11
-11
16,469
4,775'
17,581
4,217
7,903
3,556
1,905
-1,826
-4
-1 800
14,191
3,193
10998
3,058
3,118
11,162
75
11 087
14,467
3,372
11 095
3,227
3,296
11,285
76
11 209
9,329
9,155
174
11,231
11,041
190
297,140
296714
319
90
295,578
295 235
236
90
1,908
1 825
301,653
301 283
295
42
299,897
299 609
213
42
2,098
-60
17
17
5,079
3983
4,786
3834
40
40
912
1,056
1
1
292
148
11,187
50
51
52
53
54
55
18,803
3,521
12,889
2393
262
405
56
57
727
39
1
10,045
1,102
34
-143
1,834
1,302
423
5111
6796
4,220
1 951
301
157
4131
144
269
1 287
8,018
700
15,118
9,798
849
4,471
62,270
506,237
258,469
207167
26,115
18,907
6,280
32129
23,885
7,138
1,114
1 060
431,037
257 355
206107
26.115
18907
6,226
30877
22,669
68,062
797
797
1,124
54
389
353
4401
135,790
100156
35,634
55,127
31 481
26,886
493
186
155
31
6,522
3,340
789
2,393
7601
-5
.5
11,652
-268
11,920
109
1283
1,055
228
138
138
-2968
769
1,549
14,503
14,091
2,380
2380
2,271
846
97,776
97776
24,560
5966
11,755
10,655
1,061
20,147
15,175
387
1 851
2,622
112
19,703
3,955
13,474
2,274
407
452
-45
168
74
94
1,366
406
3928
4,701
-1 430
2,480
2,480
12
400
32,104
15,175
425
1 852
13,433
1,219
1,868
-2968
863
863
1 489
7
29
12
400
31,481
10,794
7592
1,290
1 912
4401
1,489
2,613
2,613
-342
-342
82
2102
776
367
44
323
2016
4,297
1,578
17,121
16,709
19,522
14,783
433
1 717
2,459
130
-45
225
742
22,575
4302
-45
8,943
1,567
13,602
13,143
86,534
86534
31
121
460
6731
6
453
1,902
34
-10
-10
2,016
398,927
242312
193760
24,714
17,836
6,002
29602
21,495
4394
1,404
2188
33
5,289
25,519
724
572
1 268
1,063
6
453
33
5,590
4288
-22
118,216
21,753
8277
9,577
3899
792
45
45
-69
636,295
144
6,168
598
7
31
Transfer
payments
Purchases
and net interest paid
9,896
276
1 177
57
406
368
-346
-346
83
9,051
749
-789
-29
201
6,428
1 160
1 103
3587
2,004
-29
6,967
467,625
243,472
194863
24,714
17,836
6,059
30805
22,660
4394
1 404
5,275
37
218
395
14,140
1,598
16,260
15,801
172
Expenditures1
6103
1,848
18,711
7,327
7,507
3877
30,890
14,783
472
1 718
12,659
1,258
58
59
Subsidies
less current surplus of
government enterprises
Grants-inaidto
State and
local governments
Purchases
Expenditures1
2,188
49
Grants-inaidto
State and
local governments
Transfer
payments
and net interest paid
120,203
88722
31 481
51 ,363
5522
46
47
48
1989
Subsidies
less current surplus of
government enterprises
38
1
35,634
35,634
28,296
789
205
156
49
6,159
3,373
512
2,274
-3
-3
12,969
56
12,913
96
1 358
1,125
233
-3246
38
1,099
6
127
103
869
13,654
10,141
1 673
1,840
5816
3,576
1 583
-3246
657
657
17,267
13,881
1 689
1,697
19,701
1 1 ,747
2577
2,538
2,839
4,910
1,606
771
595
1,938
1,630
4
6,957
5,281
1,601
75
17,278
13939
29
848
1,792
9,624
294
4,309
4883
17,624
13719
25
1 134
1,676
246
27
28,927
14013
4,605
6043
118
22
636
666
95
12
559
3,364
41
2,440
883
3,600
43
2,734
73
2,708
1,666
1,042
2,258
1,467
74
75
3,109
1 155
2,641
689
3,731
1 142
3,317
730
76
77
420
420
446
446
1 53*
1 532
78
79
80
4,938
3,862
1 076
1,588
696
892
81
82
145984
60
625
625
61
62
63
64
65
18,974
11,409
2499
2,390
2,676
693
-2,472
670
615
1,880
66
7,066
5,432
67
68
69
70
28,208
14258
4,535
5275
9,135
319
4,257
4400
71
776
72
37
977
37
140
78
759
3
468
466
2
483
483
145984
2,867
2,683
184
2143
2 141
5,156
4,028
1 128
1,644
722
922
164753
32
3
268
26
823
791
414
412
2
492
492
164,753
3,020
2,814
206
September 1992 •
SURVEY OF CURRENT BUSINESS
29
Table 3.16.—Federal Government Expenditures by Type and Function—Continued
[Millions of dollars]
1991
1990
Line
Total1
Central executive, legislative, and judicial activities
Central administration and management
Tax collection and financial management
Legislative and judicial activities
Other ...
International affairs
Conduct of foreign affairs and informational activities
Foreign economic assistance
Space
National defense
Military activities
Civil defense
Foreign military assistance
Other ...
Civilian safety
Police ..
Fire
Correction
Education
Elementary and secondary
Higher ..
General research and other
Health and hospitals
Income support, social security, and welfare
Retirement
Old-age and survivors insurance (social security)
Government employees, civilian
Government employees, military
Railroad
Disability
Disability insurance (social security)
Government employees civilian
Government employees, military
Railroad
Other
Unemployment insurance
Regular
Extended
Other
Medical care
Hospital and supplementary medical insurance (Medicare)
Medicaid
Welfare and social services
Other
Veterans benefits and services
Disability and survivors compensation
Education
Insurance
Hospitals and medical care
Other ...
Housing and community services
Urban renewal and community development
Housing
Water and sewerage
Recreational and cultural activities
Energy ....
Conservation and development of energy sources
Production and sale of power
Administration and regulation
Agriculture
Stabilization of farm prices and income
Financing farm ownership and utilities
Conservation of agricultural resources
Other
Natural resources
Transportation
Highways
Water ...
Air
Railroad
Transit
Postal service
Economic development, regulation and services
Economic development assistance
Regulation of commerce and finance
Other
Labor training and services
Training programs
Other
Net interest paid
Revenue sharing
..
.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
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
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
1. Total expenditures include employee compensation on a disbursement basis. Expenditures by type and function
include employee compensation on an accrual basis. Wage accruals less disbursements (in millions of dollars) is
as follows: 1988, 0; 1989, 0; 1990, 50; and 1991, -50.
Expenditures1
1,273,606
20,183
6,490
6,708
4,064
2,921
16,832
3,611
13,221
13,088
316,155
315,718
292
125
20
5,933
4547
51
1,335
22,348
8,530
9,460
4,358
17,341
556,146
276,563
221,968
27,846
20,232
6517
34,299
25,789
4556
1,593
805
1,556
21,021
20602
11
408
153688
110,397
43291
62,149
8426
33,878
15686
301
1,876
14578
1,437
19,747
3,625
13,801
2321
1,981
3,294
4721
-2,271
844
16,857
8691
2,610
2,570
2986
7,592
30,502
14478
4,981
6,572
659
3,812
4,203
5,735
1 264
477
3994
5,230
4,090
1 140
176611
Purchases
426,395
20,887
5,868
8,627
4,046
2,346
3,466
3,535
-69
12,871
314,025
313,677
203
125
20
5,606
4338
51
1,217
2,167
526
274
1 367
10,972
7591
1,038
979
59
374
327
7
40
128
128
2460
2,460
2,539
1 052
12,728
41
2
11 421
1,264
-64
463
-527
1,409
5,523
3492
1,187
844
4,155
803
775
515
2062
5,681
10,447
392
4,693
5,244
76
42
1,884
5,308
838
477
3993
1,739
767
972
Grants-inTransfer
aidto
payments
State and
and net inlocal govterest paid
ernments
689884
-1,471
11
-1,919
437
132272
772
616
Subsidies
less current surplus of
government enterprises
25105
-5
-5
18
138
-10
13,376
76
13,300
-10
217
2,473
2384
89
-343
-343
327
209
8,891
237
7,908
746
909
469 363
275,525
220,989
27846
20,232
6458
33,044
24581
4556
1 593
798
1 516
18,132
17713
11
408
107937
107,937
28282
6443
20,955
15686
260
1 874
2992
143
211
77
134
487
118
11,290
7,767
1,278
2245
5,460
79192
881
881
2,761
2761
43291
43291
31,328
931
201
165
36
5,764
3,143
300
2321
85
1,465
1 229
236
39
1,284
23
136
240
908
. 1,786
18,548
14086
27
1 304
11
3120
16
3
3
427
426
1
510
510
176611
2981
2,813
168
-6
-6
13,836
-58
13,894
-3,694
-3,694
11,379
7888
1,676
1,815
125
1,504
258
24
572
650
2,319
Expenditures1
1 332 651
22,767
7,038
7,874
4369
3,486
-25,422
3507
-28,929
13,729
326,108
325 363
262
464
19
6,947
4998
68
1,881
24,018
10,000
9,445
4573
19,462
624127
297,41 1
239,280
29642
21,699
6790
37,630
28679
4854
1 708
839
1,550
30,865
29332
992
541
178057
120,758
57299
71,739
8425
35,499
15887
439
1,880
15603
1,690
21,522
3,532
15,550
2440
2,217
3,631
4631
-1,865
865
18,082
9360
2,706
2,845
3171
8,239
32,125
14618
5,558
7,520
619
3,810
2,136
5,199
1 333
555
3311
5,306
4,092
1,214
186909
Grants-inTransfer
aid to
payments
State and
Purchases
and net inlocal govterest paid
ernments
447,304
22,735
6,205
9,658
4339
2,533
3,354
3423
-69
13,502
323,750
323 087
180
464
19
6,450
4649
68
1,733
2456
545
369
1 542
12,381
8088
1,094
1,030
64
399
343
8
48
135
135
2846
2,846
2,760
854
13,737
57
2
12209
1,469
112
547
-436
1
1,615
6,257
3335
2,057
865
6,095
2499
869
549
2178
6,410
11,766
449
5,245
5,913
117
42
2,077
4,740
874
555
3311
1,779
788
991
708 858
-980
1
-1 ,784
803
-28,833
84
-28,917
153,302
1,010
830
Subsidies
less current surplus of
government enterprises
23137
2
2
30
150
57
57
227
2,701
2619
82
-343
-343
497
349
8,838
285
7,681
872
979
519126
296,317
238.250
29642
21 ,699
6726
36,306
27411
4854
1,708
831
1 502
27,704
26171
992
541
117912
117,912
33,815
7072
21,548
15887
382
1,878
3219
182
169
62
107
508
148
12,724
9,170
1,395
2,159
6,102
96,913
925
925
3,026
3,026
57299
57299
35,164
499
220
175
45
5,833
3,227
167
2,439
94
1,538
1 296
242
42
1,353
26
135
241
977
1,764
18,889
14 169
34
1,583
4
3,099
16
3
3
459
459
549
549
186,909
2,978
2,755
223
-6
-6
15,408
-304
15,712
-4,164
-4,164
10,592
6,861
1,676
2,055
65
1,467
276
24
498
669
59
JO • September 1992
SURVEY OF CURRENT BUSINESS
Table 3.17.—State and Local Government Expenditures by Type and Function
[Millions of dollars]
19£i9
19 38
Line
Total! .
Central executive, legislative, and judicial activities
Administrative, legislative, and judicial activities
Tax collection and financial management ...
Civilian safety
Police
Fire .
Correction
Education
Elementary and secondary
Higher
Libraries
Other
Health and hospitals
Health
Hospitals
Income support, social security, and welfare
Government employees retirement and disability
Workers' compensation and temporary disability insurance
Medical care
Welfare and social services
Veterans benefits and services
Housing and community services
Housing, community development, and urban renewal
Sewerage
Sanitation
Recreational and cultural activities
Energy
Gas utilities
Electric utilities .
Agriculture
Natural resources
Transportation
Highways
Water
Air
Transit and railroad
Economic development, regulation, and services
Labor training and services
Commercial activities
Publicly owned liquor store systems
Government-administered lotteries and parimutuels
Other
Net interest paid2
Other and unallocable
1
. . ..
. . .
.
.
..
. . . .
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
Expenditures1
592,963
39,290
20,116
19174
58,808
27,076
11 480
20252
238,979
180888
44,437
3369
10285
26766
14801
11 965
99,212
-10 332
5,487
55904
48153
Transfer
payments
and
inPurchases terestnetpaid
less dividends
Subsidies
less current surplus of
government enterprises
78824
-17,524
531,663
38,731
20,116
18615
58,762
27,076
11 480
20206
234,815
180888
44437
3369
6,121
26528
14801
11 727
23,670
1 935
760
20975
159
146
14363
3469
1 010
5760
4124
9,310
-3,345
-155
-3190
3,274
5,910
63697
52425
20,695
2482
6048
8041
4124
9,310
3,892
363
634
10275
794
2426
3543
5,149
4,410
-6,467
-412
-6450
5,149
395
-2665
36113
559
559
46
46
4,164
4164
238
238
75,542
-12267
4,727
55904
27178
13
-6332
987
-5038
-2281
-7,237
-416
-6821
261
3631
3,274
5,910
60872
54109
3,483
2825
-1 684
-431
-1 792
6732
927
313
-6,780
-412
-6450
82
313
-2665
36113
Expenditures1
636,683
42662
22419
20243
65,569
29711
12582
23276
258,762
195560
48201
3611
11 390
28626
16848
11 778
108,063
-13974
6,443
64120
51 474
Transfer
payments
and
net inPurchases
terest paid
less dividends
573,592
42050
22,419
19631
65,517
29,711
12582
23224
254,139
195560
48,201
3611
6,767
28364
16848
11 516
26,176
2149
152
21,581
2594
6432
8012
4543
10,269
3,763
413
712
825
2692
4033
5,596
3,598
315
21
293
52
4,623
4623
262
262
13
165
-5,183
38363
612
52
23099
928
-7,213
721
-5241
-2693
-7,746
-429
-7317
287
3476
3,455
6,425
63829
56279
2659
-1945
-412
-1 980
6996
944
-7,819
-464
-7354
-1
294
-5,183
38,363
-20,119
612
81,887
-16 123
5,515
64120
28375
14368
3315
1 191
5319
4543
10269
-3,983
-142
-3841
3,455
6,425
66488
54334
11 029
5,596
4,542
-7,504
-443
-7354
83210
Subsidies
less current surplus of
government enterprises
SURVEY OF CURRENT BUSINESS
September 1992 •
Table 3.17.—State and Local Government Expenditures by Type and Function—Continued
[Millions of dollars]
1991
1990
Line
Total1
Central executive, legislative, and judicial activities
Administrative legislative and judicial activities
Tax collection and financial management
Civilian safety
Police .
Fire
Correction
Education
Elementary and secondary
Higher .
Libraries
Other ..
Health and hospitals
Health .
Hospitals
Income support, social security, and welfare
Government employees retirement and disability
Workers' compensation and temporary disability insurance
Medical care
Welfare and social services
Veterans benefits and services
Housing and community services
Housing, community development, and urban renewal
Water ..
Sanitation
Recreational and cultural activities
Energy ....
Gas utilities
Electric utilities
Agriculture
Natural resources
Transportation
Highways
Water .
Air
Transit and railroad
Economic development, regulation, and services
Labor training and services
Commercial activities
Publicly owned liquor store systems
Government-administered lotteries and parimutuels
Other ..
Net interest paid2
Other and unallocable
1. Total expenditures include employee compensation on a disbursement basis. Expenditures by type and function
include employee compensation on an accrual basis. Wage accruals less disbursements (in millions of dollars) in
1988,1989, 1990, and 1991 is zero.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
Expenditures1
699,205
45,875
24550
21,325
72,222
32274
13,653
26,295
280,284
212470
51 ,568
3902
12,344
29,854
18643
11,211
128 324
-13551
7918
77,087
56870
172
14,319
3,310
1 435
5,067
4507
11,174
-4,171
-111
-4,060
3,788
6,860
70,158
56,850
317
929
12062
6,034
4,676
-7,930
-503
-7,663
236
-3222
40788
Transfer Subsidies
curpayments less
surnet in- rent
plus
of
Purchases and
terest paid governless divi- ment endends
terprises
616,761
45,213
24550
20,663
72,163
32274
13,653
26,236
275,177
212470
51,568
3902
7,237
29,595
18643
10,952
28,815
2213
1,143
25459
159
22,094
2,871
6634
8,082
4507
11,174
3,575
306
3,269
3,788
6,860
67,288
58,905
739
103,333
662
662
59
59
5,107
259
259
99509
15764
6775
77,087
31 411
13
-7,775
439
-5199
-3,015
-7,746
-417
-149
-8,238
-4,520
4,035
7755
70,236
56,815
459
666
12296
6463
4860
-8,148
-523
-557
-7,663
-52
-7,750
159
-23
42017
-422
-2,179
7526
946
-3222
12545
27,194
18894
8,300
163 768
-9211
9539
102,092
61 348
182
13,372
2,402
1 754
4,810
4406
11,521
-4,669
-7,329
2,870
-2,055
288
40788
760,711
48,634
26060
22,574
76,867
34043
14318
28,506
296,647
226 638
53325
4139
5107
3108
4536
6034
3730
308
20
-20,889
Expenditures1
Transfer Subsidies
curpayments less
rent surPurchases and net in- plus of
terest paid governless divi- ment endends
terprises
643,167
47,962
26060
21,902
76,800
34043
14,318
28,439
291,301
226638
53,325
4 139
7,199
26,944
18894
8,050
30862
2489
1251
27122
168
22,586
3,063
140,182
672
672
67
67
5,346
5,346
250
250
132906
11 700
8288
102,092
34226
14
-9,214
-661
-5187
-3,366
6941
8,176
4406
11,521
3,015
262
2,753
4,035
7,755
67,531
59,007
891
3,058
4575
6,463
3,910
297
20
-22,638
-7,684
-411
-7,273
2,705
-2,192
-432
-2,392
7721
950
-8,445
-577
-7,750
277
-118
-23
42,017
2. Excludes interest received by social insurance funds, which is netted against expenditures for the appropriate
functions.
32 • September 1992
SURVEY OF CURRENT BUSINESS
Table 3.18B.—Relation of Federal Government Receipts and Expenditures in the National Income and Product Accounts to the
Unified Budget, Fiscal Years
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1989
1988
1988
1991
1990
1990
1989
I
II
III
IV
207.1
.3
0
269.2
227.8
221.6
219.4
.4
0
.1
0
.3
.3
0
9.5
-.6
3.8
9.9
6
4.7
9.9
-.7
3.7
I
II
I
IV
III
II
1991
I
IV
III
II
IV
III
Receipts
Unified budget receipts
Loss: Coverage differences ]
Financial transactions
Plus: Netting and grossing differences:
Contributions to government employee retirement funds
Taxes3received from rest of the world2
Other
Timing differences:
Corporate income tax
Federal and State unemployment insurance taxes
Withheld personal income tax and social security contributions
Excise taxes
Other .
Miscellaneous 4
Equals: Federal Government receipts, national income and product
accounts.
1
2
3
909.0
4
5
6
38.7
-2.5
16.5
7
8
9
10
11
12
-1.3
-3.0
1.0
0
990.8 1,031.5 1,054.3
1.3
0
41.2
-2.0
17.1
1.4
0
44.2
-1.7
19.2
1.5
0
48.2
-1.9
21.7
308.2
241.6
228.6
.4
.3
.3
0
0
0
0
9.8
-.7
3.6
10.4
10.4
10.5
10.5
-.2
11.5
-.5
4.8
—4
4.4
-.4
4.3
229.7 319.5
.4
0
11.2
11.3
-.5
4.5
—4
5.0
-.2
-.4
-.1
.3
-.1
4.9
6.8
2.6
1.1
.3
_ -i
238.9
260.7
13
955.1 1,050.1 1,089.6 1,114.9
3.4
7.8
2.4
.2
.8
-.1
234.0
14
1,064.1 1,142.9 1,251.9 1,323.0
245.6
268.2
264.9
289.2
280.2
285.3
7.3
2.0
1.4
.1
1.4
0
1.5
-.1
1.5
0
1.5
-.1
1.5
-.1
1.6
-1
1.6
.1
1.6
0
2.1
3.6
0
-.5
-.2
3.2
0
.2
1.9
.3
1.1
3.7
0
.2
11.0
2.4
7.8
0
1.2
3.2
7.2
0
0
.1
-.4
1.0
-.6
.1
-.2
0
9.5
9.9
9.9
7
9.8
•7
-.7
-.4
.3
-.4
2.8
.7
.4
.1
.2
.2
.4
-.3
-1.9
0
0
-.3
-6.5
.4
-.2
.4
.1
-.1
-7.6
-4.7
3.0
1.2
-9.7
.1
-.1
-.4
.1
0
7.6
1.8
.1
.1
0
270.2
238.4
229.7
255.1
308.1
257.2
288.1 298.5
.4
-.3
-.3
-.1
-2.6
-1.4
-1.3
-1.1
-2.8
-1.3
-4.6
.3
-.3
.2
.1
1.1
.7
-.2
.1
-3.3
253.7
.4
0
-.4
5.0
249.5
.3
233.1
307.3
.4
.3
264.4
254.9
.3
.3
.5
0
0
0
0
0
0
11.3
11.5
12.2
12.3
12.3
12.5
-.4
4.8
-.7
5.1
-.4
5.6
-.4
5.5
-.4
5.4
-.5
5.9
-.7
-.1
0
.1
.1
-.1
318.6
271.3
256.7
3.4 -4.3
72
-.9
-4.3 -1.9
.9 -3.9
-.2
.7
.4 -2.1
-.1
0
.3
-.1
—4
.2
263.7 313.4 281.1 264.1
310.7 331.7
311.0
336.5
297.8
1.7
0
1.8
.5
1.8
.5
1.8
.5
6.5
.8
14.5
0
_g
-.3
0
-6.5
-4.5
-1.2
-1.2
4.3
-4.0
-.8
-2.2
-4.4
.9
-.2
-.1
1.4
7.3
3.5
1.2
0
.1
Expenditures
Unified budget outlays
Less: Coverage differences:
5
Geographic
.
Other6
Financial transactions:
Net lending
Deposit insurance
Net purchases of foreign currency
Other
Net purchases of land:
Outer Continental Shelf
Other
Plus: Netting and grossing differences:
Contributions to government employee retirement funds
3
Other
. . .
Timing differences:
Purchases (increase in payables net of advances)
Interest .
Transfer payments
Subsidies less current surplus of government enterprises
Miscellaneous7
. . . .
Equals: Federal Government expenditures, national income and
product accounts.
15
16
17
18
19
20
5.6
0
6.0
-.3
3.5
3.8
25.2
0
-5.8
14.7
,
0
-2.3
21
22
-1 3
1.2
—9
.2
23
24
25
38.7
41.2
-2.5
16.5
26
27
28
29
30
31
r) f\
6.5
.2
10.2
61.5
14.4
67.1
0
0
-4.3
-3.7
11
.2
44.2
H 7
-1.3
.2
48.2
1Q
21.7
7.5
0
.5
3.8
4.7
3.7
3.1
-.4
.'l
-.1
.1
.4
.3
.1
0
.1
3.0
-.8
-.6
.3
.1
1,098.5 1,164.5 1,249.5 1,310.9
273.8
277.8
272.3
4.0
17.1
-7.0
_ c
_5
-.4
.2
d
1.0
.1
19.2
4.9
.4
2.7
1.1
.1
5.4
0
.8
1. Consists largely of contributions for social insurance by residents of U.S. territories and Puerto Rico.
2. Taxes received from rest of the world are included in the unified budget and netted against expenditures (transfer payments) in the national income and product accounts.
3. Consists largely of proprietary receipts that are netted against outlays in the unified budget, and classified
as receipts in the national income and product accounts.
4. Consists largely of Treasury receipts from sales of foreign currencies to Government agencies.
-1.2
19.7
.6
10.1
0
_5
0
-1.3
-2.4
-1.6
0
.1
10.4
5
0
-.4
0
10.4
A
-.2
0
10.5
4
-.2
0
10.5
5
-1.9
-.1
0
11.2
4
1.6
0
29.3
17.2
14.5
0
0
0
-1.7
-1.9
-1.1
3.5
1.6
0
—6
0
0
-.3
.1
2.0
-.4
0
11.3
4
2.5
-.4
0
11.3
4
12.3
4
0
-1.2
-.8
0
12.3
4
5.4
5.4
0
2.9
0
0
.2
0
.2
.2
0
1.2
0
-.1
-.2
0
318.2 314.0 326.3 317.0
334.5
333.1
4.4
4.3
4.5
5.0
5.0
_5
_5
'.8
0
-.6
.2
0
0
.3
-.1
.9
0
-.1
-.3
.4
-.7
0
.2
.4
.6
1.0
0
-.4
0
.1
-.8
0
1.9
0
-.5
.2
0
3.2
0
2.6
.8
0
285.1
291.7
296.0
291.7 302.2
315.1
.1
_5
4
3.5
36.5
5.5
4.8
-5.9
12.2
1.9
.5
5.6
4.8
3.6
11.5
333.1 355.6 338.2
5.1
-1.4
0
-2.2
o'
2.0
-.3
4.3
-5.1
0
2.8
.3
0
12.5
5
5.9
-2.7
0
-2.1
.1
0
348.0
5. Consists largely of transfer payments, subsidies, and grants-in- aid.to residents of U.S. territories and Puerto
Rico.
6. Consists of agencies such as the Postal Service and the Federal Financing Bank which, in some time periods,
were not included in the unified budget. Also includes net purchases of silver and minor coin metal.
7. Consists largely of net expenditures of foreign currencies.
SURVEY OF CURRENT BUSINESS
Table 3.19.—Relation of State and Local Government Receipts
and Expenditures in the National Income and Product Accounts
to Bureau of the Census Government Finances Data, Fiscal
Years
September 1992 • 33
Table 3.20.—Relation of Commodity Credit Corporation Expenditures
in the National Income and Product Accounts to Commodity
Credit Corporation Outlays in the Unified Budget
[Billions of dollars]
[Billions of dollars]
Line
Line
1988
1989
1990
1991
Receipts
Census total revenue!
Less: Coverage differences:
Unemployment insurance fund contributions and earnings
Certain grant programs
Capital gains, net of losses, of retirement systems
Other financial transactions
Sale of land
Netting and grossing differences:
Enterprise current operating expenditures plus current surplus
Government sales
Interest received
Employer contributions to own social insurance funds
Dividends received .
Medical vendor payments to public institutions
Plus: Timing differences:
Property taxes
Corporate profits taxes
Other
Miscellaneous
Equals: State and local government receipts, national income and
product accounts.
1
884.1
2
3
4
5
6
17.3
7
8
9
10
11
12
40
9.8
15
.8
953.8 1,032.1
19.7
33
8.8
17
.8
90.1
98.8
776
885
863
955
18.4
28
11.3
19
.9
104.9
961
-196
1092
-212
-8.9
75
-10.3
86
-12.4
-5.1
-5.8
-3.5
-197
63
13
14
15
16
17
13
-1 4
g
612.5
658.2
704.2
18
826.8
8909
975.9
19
20
13.1
12.9
16.5
21
22
23
24
25
26
90.1
77.6
88.5
98.8
86.3
95.5
-19.7
6.3
-89
-19.6
7.5
109.2
-21.2
8.6
-103
-124
-1.9
-2.4
-2.3
.4
573.1
.3
612.7
.2
665.9
6
21
_1
-1 0
-25
_3
Expenditures
Census total expenditures1
Less: Coverage differences:
Unemployment insurance fund benefits paid
Purchases of land
Netting and grossing differences:
Enterprise current operating expenditures plus current surplus
Government sales
Interest received
Employer contributions to own social insurance funds
Dividends received
Medical vendor payments to public institutions
Plus: Timing differences:
Excess of accruals over disbursements, and other
Miscellaneous
Equals: State and local government expenditures, national income
and product accounts.
27
28
29
5.2
5.1
6.2
104.9
96.1
1. The Bureau of the Census measures of State and local government receipts and expenditures (lines 1 and
18) represent a combination of fiscal years. Virtually all States and many localities use July 1-June 30 fiscal years;
the rest use varying fiscal years. The national income and product account measures shown in this table are for
the fiscal year ending June 30. The differences that arise from restating the Census data to a year ending June
30 are included in lines 13,14, and 15 (receipts) and line 27 (expenditures).
Commodity Credit Corporation outlays in the unified budget
Less* Financial transactions
Netting differences
Timing differences
Other '
Equals: Commodity Credit Corporation expenditures, national income
and product accounts.
Purchases
Change in inventories
Other purchases
Transfer payments to rest of the world
Grants-in-aid to State and local governments
Net interest paid
Subsidies
1. Consists largely of foreign currency transactions.
1
2
3
4
5
1988
94
-9
-1
0
-1
1989
8.3
-1.9
o
0
-1
6
10.4
10.3
7
8
9
10
11
12
13
-32
-71
39
11
1
-8
133
10
-8
1.8
10
.1
-1 4
9.5
1990
1991
8.4
15
0
0
-1
9.7
1.7
-1
0
-1
7.0
8.1
-1
-1 7
16
11
.1
-1 3
72
16
4
1.2
11
.2
-1 2
6.5
34 • September 1992
SURVEY OF CURRENT BUSINESS
Table 9.1 .—Gross Domestic Product, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
II
I
Gross domestic product
Personal consumption expenditures
Durablo goods
Nondurable goods
Services
Gross private domestic investment .
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Farm
Net exports of goods and services
Exports
Imports
Government purchases
Federal
National defense
Nondefense
State and local
Addendum:
Gross national product
1
,
.
.
.
1989
1988
II
I
IV
III
1991
1990
II
I
IV
III
II
I
IV
III
IV
III
1,157.3 1,210.9 1,237.2 1,295.0 1,249.9 1,305.4 1,323.0 1,372.5 1,321.0 1,381.0 1,392.6 1,427.6 1,360.1 1,412.6 1,432.4 1,472.4
2
772.0
811.7
826.9
885.6
828.6
871.8
885.0
937.6
884.4
927.4
942.7
993.9
924.3
964.4
975.8 1,023.2
3
4
5
97.0
110.7
262.3
438.7
106.8
268.8
451.3
122.7
302.6
460.3
101.0
256.0
471.6
117.4
284.3
470.0
117.5
288.4
479.1
123.5
320.8
493.4
107.1
275.3
502.1
118.8
301.1
507.6
115.2
306.6
520.8
123.2
341.5
529.2
97.9
240.0
435.0
286.8
539.7
112.5
311.2
540.7
113.9
312.7
549.2
121.9
340.8
560.6
6
190.9
196.2
205.7
200.8
205.8
208.8
212.3
205.3
200.1
206.8
209.1
183.5
172.9
175.2
191.1
181.8
7
8
9
10
11
12
13
14
173.1
127.0
200.0
139.3
202.8
136.5
201.4
142.6
182.2
134.4
206.7
145.5
207.8
142.4
202.2
145.8
185.8
138.6
205.3
146.4
205.9
145.8
196.1
146.8
168.0
131.5
188.8
140.0
189.8
134.2
184.7
135:4
40.9
86.1
46.1
17.9
19.6
-1.8
45.6
93.7
60.8
-3.9
47.8
88.7
66.3
47.7
43.7
46.3
50.5
53.7
46.1
94.8
56.4
92.3
47.2
14.3
13.8
95.9
58.9
92.1
60.2
50.6
96.2
49.4
46.4
90.7
47.8
23.7
21.7
51.1
91.2
65.5
51.0
94.9
58.8
47.5
98.0
61.2
93.5
48.9
88.1
55.6
43.8
91.7
49.2
-2.8
-1.5
15
-25.2
-.8
2.9
5.7
-.6
3.1
-3.1
-2.8
-3.7
-26.6
-28.2
-28.0
2.0
-16.1
2.1
.5
1.6
-19.8
4.5
5.4
-1.0
-23.5
3.1
4.2
.5
-1.2
-20.4
-12.9
1.4
-.3
1.7
-13.4
3.2
1.9
1.2
-22.9
-12.6
-12.2
-.4
-19.7
43.8
87.7
36.5
4.9
5.2
-.3
-2.1
-13.6
-14.9
1.3
1.3
1.0
.3
13
-2.1
-11.0
154.9
161.5
-6.6
16
17
105.3
130.4
111.1
137.7
111.9
140.2
115.9
143.9
122.8
138.9
128.9
148.6
126.3
149.8
130.0
150.4
135.5
148.4
139.9
153.3
137.7
160.6
143.9
163.6
143.2
145.3
150.6
152.7
149.4
160.4
18
219.6
229.7
232.8
236.6
231.4
244.6
249.1
250.0
249.4
260.2
263.8
269.8
265.0
275.1
276.4
274.0
19
20
21
22
95.3
73.5
21.7
97.1
73.5
23.6
94.8
74.0
20.8
99.9
74.6
25.3
97.3
73.5
23.9
102.0
100.2
102.1
104.1
107.1
104.4
110.8
111.4
114.4
110.5
111.0
75.0
27.0
76.5
23.7
74.9
27.1
77.8
26.2
78.6
28.5
77.5
27.0
80.1
30.7
83.3
28.1
82.2
32.3
81.0
29.5
77.3
33.7
124.3
132.6
138.1
136.7
134.1
142.7
148.9
147.9
145.4
153.1
159.3
159.0
153.6
160.7
165.9
163.0
1,160.3 1,212.8 1,237.0 1,298.1 1,253.7 1,308.7 1,325.6 1,378.8 1,326.3 1,384.2 1,395.7 1,436.7 1 3681
1 4164
23
1 4343 1,476.1
Table 9.2.—Personal Consumption Expenditures by Major Type of Product, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
1988
I
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal . ..
Other
Services
Housing
Household operation
Electricity and gas
Other household operation . . .
Transportation
Medical care
Other
II
1989
III
IV
I
1991
1990
III
II
I
IV
1
IV
III
II
II
III
IV
1
772.0
811.7
826.9
885.6
828.6
871.8
885.0
937.6
884.4
927.4
942.7
993.9
924.3
964.4
975.8 1,023.2
2
97.0
110.7
106.8
122.7
101.0
117.4
117.5
123.5
107.1
118.8
115.2
123.2
97.9
112.5
113.9
121.9
3
4
5
47.1
49.5
37.8
19.5
48.3
48.7
47.7
49.4
38.4
54.7
41.7
52.6
41.1
48.9
41.4
44.6
41.5
21.6
19.2
22.3
21.5
45.7
50.8
26.7
41.6
37.1
25.6
55.9
40.8
20.8
50.4
35.9
17.4
55.4
40.4
46.4
32.9
17.0
53.0
37.3
20.5
19.2
22.2
22.0
50.5
26.8
6
240.0
262.3
268.8
302.6
256.0
284.3
288.4
320.8
275.3
301.1
306.6
341.5
286.8
311.2
312.7
340.8
7
8
9
10
11
122.2
133.0
138.1
140.4
130.5
142.3
145.7
146.6
139.3
151.7
154.6
155.8
144.9
156.9
158.1
157.8
36.5
20.1
42.9
22.2
43.9
22.8
63.1
21.8
39.3
21.0
46.8
25.9
48.0
25.3
66.3
24.0
41.6
23.7
49.4
66.4
50.5
27.1
66.7
31.1
42.1
25.4
49.7
28.2
4.3
2.3
57.0
61.9
12
435.0
438.7
13
14
15
16
17
18
19
118.1
2.1
61.9
3.3
74.0
3.8
61.4
2.3
2.0
50.9
26.2
3.9
4.1
67.0
67.5
79.9
66.5
493.4
502.1
49.5
25.4
2.3
72.2
2.4
3.9
4.2
27.0
2.1
2.1
26.1
3.3
72.0
84.4
70.3
75.5
74.9
87.0
539.7
540.7
549.2
560.6
451.3
460.3
471.6
470.0
479.1
507.6
520.8
529.2
120.1
122.3
123.7
125.8
127.5
129.4
131.6
133.7
135.8
138.4
139.7
141.3
142.9
144.1
145.8
53.0
27.3
25.7
30.2
45.3
19.1
26.2
32.2
49.2
22.2
26.9
33.2
56.2
28.3
27.9
33.4
47.6
19.8
27.8
33.8
50.4
22.5
27.8
34.2
55.6
27.3
28.3
34.2
56.0
27.1
29.0
34.7
50.4
20.9
29.5
35.7
53.2
23.7
29.5
36.1
55.4
26.0
29.4
36.2
59.1
29.4
29.8
36.0
52.2
22.3
30.0
36.8
54.9
24.7
30.2
37.3
57.5
27.3
30.2
37.2
103.0
130.6
105.3
135.8
108.7
138.0
114.2
142.1
116.5
144.5
118.9
146.2
122.3
149.6
125.9
151.8
129.3
156.3
133.2
159.9
136.5
161.5
139.6
163.7
143.1
165.7
146.7
166.2
150.8
169.3
52.0
24.8
27.2
32.9
110.6
141.1
SURVEY OF CURRENT BUSINESS
September 1992 • 35
Table 9.3.—Federal Government Receipts and Expenditures, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
II
I
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Expenditures
Purchases
National defense
Nondefense
Transfer payments (net)
To persons
To rest of the world (net)
Grants-in-aid to State and local governments
Net interest paid
Interest paid
To persons and business
To rest of the world
Less: Interest received by government
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
Less* Wage accruals less disbursements
Surplus or deficit (-), national income and product accounts
1989
1988
II
I
IV
III
1991
1990
III
IV
I
II
III
I
IV
II
III
IV
1
234.0
270.2
238.4
229.7
255.1
308.1
257.2
238.9
260.7
318.6
271.3
256.7
263.7
313.4
281.1
264.1
2
3
4
5
89.5
24.3
121.6
100.5
103.4
98.7
151.7
119.4
112.8
124.8
114.1
29.3
16.3
31.3
16.1
25.9
19.3
27.8
19.0
105.1
86.3
112.9
114.7
92.9
119.9
121.4
104.4
27.3
17.5
99.1
25.4
15.4
26.1
16.1
105.8
29.0
15.3
98.0
95.5
23.4
19.0
139.0
30.2
15.8
27.1
14.5
96.0
30.7
15.4
114.9
29.5
15.2
93.2
98.5
29.3
15.7
147.4
27.9
15.5
125.8
129.1
109.5
103.8
6
273.8
277.8
272.3
285.1
291.7
296.0
291.7
302.2
315.1
318.2
314.0
326.3
317.0
334.5
333.1
348.0
7
8
9
95.3
73.5
21.7
97.1
94.8
74.0
20.8
99.9
74.6
25.3
97.3
73.5
23.9
102.0
100.2
102.1
104.1
107.1
104.4
110.8
111.4
114.4
110.5
111.0
73.5
23.6
75.0
27.0
76.5
23.7
74.9
27.1
77.8
26.2
78.6
28.5
77.5
27.0
80,1
30.7
83.3
28.1
82.2
32.3
81.0
29.5
77.3
33.7
10
11
12
109.2
107.1
2.2
109.6
107.6
1.9
108.2
105.9
2.3
109.3
105.3
4.0
117.4
114.9
2.5
117.5
115.4
2.2
116.9
114.1
2.9
119.7
115.9
3.8
128.7
125.7
3.0
128.6
124.7
3.9
127.6
124.2
3.3
128.5
125.3
3.2
118.2
137.3
-19.1
129.7
137.6
134.3
135.9
-8.0
-1.5
139.7
139.4
.3
13
27.1
27.3
27.8
29.1
28.6
28.8
29.4
31.4
31.8
32.5
32.6
35.4
35.9
37.7
38.0
41.8
14
15
16
17
18
35.1
43.3
36.4
36.2
43.0
35.7
36.8
43.9
38.0
45.3
37.2
40.0
47.0
38.3
41.5
48.4
41.1
48.7
42.9
50.2
43.7
45.7
54.5
47.0
55.3
45.6
46.7
55.3
39.5
44.2
51.5
42.2
45.8
53.4
39.5
42.2
49.3
40.2
47.5
55.8
46.2
19
20
21
36.0
41.0
43.8
6.9
8.3
7.4
6.8
7.8
7.1
8.1
7.3
8.7
7.1
8.9
7.0
9.1
7.6
9.1
7.1
9.2
7.3
9.4
7.3
9.5
7.5
7.2
7.8
.6
7.6
8.4
.8
4.7
5.2
.4
8.9
9.5
.6
8.4
9.3
.9
6.2
7.3
1.1
4.1
4.8
.8
6.8
7.2
.4
7.8
8.2
.5
5.7
6.5
.8
3.6
4.4
.8
0
0
22
0
0
0
0
0
23
-39.8
-7.6
-33.8
-55.4
-36.7
0
12.1
0
-34.4
0
-63.4
-54.4
.5
54.2
44.4
44.6
9.8
10.5
8.0
8.3
.3
0
0
-42.6
-69.6
45.5
20.8
9.9
8.8
9.7
8.2
9.8
8.6
9.6
8.3
5.8
7.2
1.4
5.6
7.6
2.0
3.6
5.2
1.6
8.1
9.1
1.0
0
-53.3
-.1
-21.1
0
0
-52.1
-B4.0
Table 9.4.—State and Local Government Receipts and Expenditures, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
1988
I
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
.
.
Federal grants-in-aid
Expenditures
Purchases
Transfer payments to persons
.
.
Net interest paid
Interest paid to persons and business
Less* Interest received by government
Less: Dividends received by government
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
Less' Wage accruals less disbursements
Surplus or deficit (— ) national income and product accounts
. . .
II
1989
III
I
IV
II
1991
1990
IV
III
I
II
III
IV
I
II
III
1
2
3
155.5
155.7
151.2
168.8
168.5
169.6
163.1
180.3
180.7
180.2
173.2
195.2
190.2
191.2
185.4
29.2
31.2
27.9
29.3
32.6
37.5
30.5
30.9
34.2
39.4
32.5
32.6
35.8
39.9
34.0
4
5
6
80.8
12.7
27.1
77.8
12.9
27.3
75.5
13.1
27.8
90.4
13.2
29.1
5.7
6.6
7.0
6.8
6.5
87.4
13.4
6.2
28.6
83.5
13.6
28.8
6.0
83.4
5.5
5.2
5.9
6.3
13.8
29.4
98.5
13.9
31.4
95.4
14.1
88.1
14.2
87.4
14.4
31.8
32.5
32.6
5.4
107.3
4.9
5.5
5.9
14.6
35.4
98.7
14.8
35.9
93.1
15.0
37.7
92.2
15.3
38.0
IV
211.1
35.6
5.3
113.0
15.5
41.8
7
139.1
147.9
153.5
152.4
148.9
157.9
165.0
164.9
163.4
172.6
181.1
182.1
177.4
188.9
196.8
197.5
8
124.3
132.6
138.1
136.7
134.1
142.7
148.9
147.9
145.4
153.1
159.3
159.0
153.6
160.7
165.9
163.0
9
31.1
32.3
32.9
33.7
33.9
35.3
36.4
37.9
38.7
40.2
42.2
43.7
44.1
48.3
50.7
54.9
-10.7
10.9
13.5
24.4
-11.2
11.6
13.9
25.4
-12.4
-13.0
-13.4
-13.5
-13.4
-13.2
-13.0
-12.8
-12.5
-12.2
-12.0
-11.6
14.1
14.3
27.3
14.5
27.9
14.7
28.2
14.9
28.3
15.1
28.3
15.3
28.3
15.5
28.2
15.7
28.2
15.8
28.1
16.0
28.0
16.2
27.8
10
11
12
13
14
15
16
13.4
24.0
1.6
-4.0
1
4.1
17
0
18
16.4
1.7
-4.3
1
4.4
0
7.8
13.7
24.8
1.8
-4.5
1
4.6
1.8
-4.7
1
4.8
26.5
1.9
-4.8
1
4.9
2.0
-5.0
1
5.1
2.1
-5.0
1
5.1
0
0
0
0
0
-2.3
16.4
19.6
11.7
-1.9
2.1
-5.3
1
5.4
2.2
-5.1
2.2
-5.1
1
5.2
1
5.2
0
0
0
15.4
17.3
7.5
2.3
-5.2
1
5.3
2.3
-5.4
1
5.5
2.3
-5.4
2.4
-5.5
1
5.5
1
5.6
0
0
0
0
-7.8
13.1
12.7
2.3
2.4
-5.4
1
5.5
2.4
-6.4
.1
6.5
0
0
-11.4
13.6
SURVEY OF CURRENT BUSINESS
36 • September 1992
Table 9.5.—Foreign Transactions in the National Income and Product Accounts, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
Receipts from rest of the world
Exports of goods1 and services
Merchandise
Services1
Receipts of factor income2
Capital grants received by the United States (net)
Payments to rest of the world
Imports of goodsl and services
Merchandise
Services1
Payments of factor income 3
Transfer payments (net)
From persons (net)
From government (net)
From business
Net foreign investment
.
.
1988
1991
1990
1989
I
II
III
IV
I
II
III
IV
I
II
III
1
136.0
142.4
142.8
151.6
160.9
169.3
164.4
170.9
174.8
178.6
175.9
2
3
4
105.3
111.1
111.9
115.9
122.8
128.9
126.3
130.0
"135.5
82.0
29.0
79.8
32.1
86.4
29.5
90.9
31.9
96.3
32.6
89.4
36.9
95.0
35.0
98.9
36.6
139.9
101.9
137.7
77.5
27.7
5
30.8
31.4
30.9
35.7
38.1
40.4
38.1
40.9
6
0
0
0
0
0
0
0
7
136.0
142.4
142.8
151.6
160.9
169.3
8
9
10
130.4
107.9
137.7
112.1
140.2
112.5
143.9
119.6
138.9
115.8
22.6
25.6
27.7
24.3
23.0
11
27.9
29.4
31.0
32.5
34.3
12
13
14
15
16
-26.4
3.9
.7
2.3
1.0
3.6
.5
1.9
1.2
4.2
.9
2.2
1.2
-32.3
-28.3
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affili-
6.1
.6
4.0
1.5
-30.9
II
III
IV
188.3
183.4
186.4
182.8
189.0
143.9
102.2
143.2
103.4
150.6
108.3
149.4
101.9
154.9
109.5
41.8
39.8
42.4
47.6
45.4
34.1
38.0
95.1
42.6
39.3
38.7
38.2
44.3
40.2
35.8
33.4
0
0
0
0
0
0
0
0
0
164.4
170.9
174.8
178.6
175.9
188.3
183.4
186.4
182.8
189.0
148.6
122.6
149.8
121.3
150.4
125.4
148.4
122.5
153.3
123.7
160.6
127.6
163.6
134.1
145.3
118.3
152.7
122.1
160.4
127.2
161.5
132.4
26.1
28.5
25.0
25.9
29.6
33.0
29.5
27.0
30.6
33.2
29.2
37.1
35.5
34.6
34.0
35.5
35.1
35.2
32.2
32.0
31.4
30.4
-15.2
2.6
-4.4
-191
-8.0
5.5
2.0
2.2
1.4
6.0
2.3
2.5
1.3
-18.2
I
IV
-22.0
6.3
2.3
2.9
1.2
272
7.7
2.3
3.8
1.6
-21.9
6.6
2.4
3.0
1.3
-14.2
7.3
2.1
3.9
1.3
7.0
2.5
3.3
1.2
-26.9
-17.5
7.0
2.3
3.2
1.5
-17.5
2.2
1.3
1.3
6.1
21.1
2.1
2.3
-1.5
1.3
-11.1
4.2
2.5
.3
1.3
-7.1
ates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 9.6.—Corporate Profits With Inventory Valuation Adjustment, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
1988
Line
Corporate profits with inventory valuation adjustment
Profits before tax .. ..
Profits tax liability
Profits after tax
Inventory valuation adjustment
1
2
3
4
5
1990
1989
1991
I
II
III
IV
I
II
III
IV
I
II
III
71.5
76.8
29.9
46.9
-5.3
80.1
87.6
34.5
53.1
-7.5
83.3
90.4
36.5
53.9
-7.1
85.4
92.7
36.1
56.6
-7.4
80.0
89.5
37.2
52.3
-9.4
82.7
87.3
36.5
50.8
-4.5
83.0
83.3
35.0
48.3
-.2
79.6
82.9
32.7
50.2
-3.3
80.6
82.3
31.3
51.0
-1.7
91.2
90.3
35.1
55.1
.9
85.5
83.9
94.5 . 88.3
32.7
37.6
56.9
55.6
-4.4
-9.0
IV
I
II
III
IV
82.0
80.4
28.3
52.1
1.6
87.0
84.4
31.4
53.0
2.6
85.2
87.1
33.7
53.4
-1.9
83.6
82.8
30.7
52.1
.8
SURVEY OF CURRENT BUSINESS
September 1992
37
Errata
National Income and Product Accounts
The "National Income and Product Accounts Tables" that appeared in the July 1992 SURVEY OF CURRENT
BUSINESS contained several errors. The corrected estimates are provided below. In table 8.2, the per capita
measures were shown in thousands of dollars, instead of dollars, and the population figures were in millions,
instead of thousands; the table is shown below with the correct units.
Table 6.2C.—Compensation of Employees by industry
[Millions of dollars]
Line
1989
79
80
Civilian
Military
1990
88862
80,188
1991
95848
84409
101 803
90209
Table 7.5.—Price Indexes for Personal Consumption Expenditures
by Type of Product, Fixed 1987 Weights
Table 7.8.—Price Indexes for Private Purchases of Producers'
Durable Equipment by Type, Fixed 1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Line
Line
1988
Other user-operated transportation
60
1988
23
Other equipment
1052
1044
Table 7.12.—Price Indexes for National Defense Purchases, Fixed 1987 Weights
[Index numbers, 1987=100]
1989
Line
1989
1990
I
5
6
Missiles
Ships
1990
19 91
1992
1991
99.1
99.5
107.8
110.2
101 6
117.2
II
99.5
998
106.5
107.7
I
IV
III
973
981
99.9
108.4
II
108.7
956
1097
1093
IV
III
I
II
III
1003
1177
1176
101 3
1031
1061
1106
111 1
1150
I
IV
999
1000
1186
999
1184
Table 8.2.—Selected Per Capita Product and Income Series in Current and Constant Dollars and Population of the United
States
[Dollars]
Seasonally adjusted at annual rates
Line
1988
1989
1990
1991
1988
I
Current dollars:
Gross domestic product ...
Gross national product
Personal income
Disposable personal
income.
Personal consumption
expenditures.
Durable goods
Nondurable goods
Services
Constant (1987) dollars:
Gross domestic product ...
Gross national product
Disposable personal
income.
Personal consumption
expenditures.
Durable goods
Nondurable goods
Services
Population (mid-period,
thousands).
II
1989
III
IV
I
II
1990
III
IV
I
II
1991
III
IV
I
II
III
IV
1
2
3
4
19,994
20,026
16,630
14,477
21,224
21,289
17,706
15,307
22,092
22,175
18,660
16,174
19,458
22,466
19,507
22,535
19,106 , 16,245
14,154
16,658
19,846
19,869
16,499
14,332
20,161
20,179
16,720
14,570
20,506
20,546
17,053
14,850
20,893
20,950
17,466
15,133
21,170
21,226
17,639
15,214
21,312
21,375
17,720
15,322
21,519
21,601
17,995
15,558
21,874
21,950
18,365
15,917
22,130
22,187
18,595
16,092
22,21 1
22,284
18,748
16,242
22,152
22,277
18,928
16,443
22,194
22,309
18,884
16,433
22,422
22,488
19,050
16,604
22,577
22,629
19,151
16,706
22,671
22,713
19,337
16,885
5
13,448
14,241
14,996
15,384
13,099
13,322
13,556
13,814
13,959
14,165
14,345
14,491
14,752
14,887
15,133
15,209
15,184
15,345
15,468
15,537
6
7
8
1,783
4,381
7,284
1,857
4,647
7,737
1,857
4,899
8,240
1,765
4,952
8,666
1,756
4,264
7,078
1,770
4,339
7,213
1,767
4,425
7,365
1,841
4,495
7,477
1,829
4,548
7,582
1,852
4,641
7,672
1,901
4,671
7,773
1,845
4,725
7,921
1,920
4,818
8,014
1,857
4,843
8,187
1,850
4,935
8,348
1,803
4,997
8,409
1,746
4,947
8,491
1,749
4,971
8,625
1,790
4,961
8,717
1,775
4,931
8,831
9
10
11
19,252
19,284
13,890
19,556
19,615
14,005
19,513
19,587
14,068
19,077
19,138
13,886
19,061
19,109
13,840
19,223
19,246
13,836
19,294
19,311
13,886
19,429
19,467
13,996
19,545
19,598
14,090
19,589
19,640
13,967
19,536
19,594
13,951
19,554
19,628
14,015
19,647
19,716
14,128
19,646
19,697
14,120
19,507
19,572
14,038
19,254
19,364
13,988
19,058
19,159
13,861
19,090
19,149
13,891
19.094
19,141
13,876
19,066
19,104
13,913
12
12,903
13,029
13,044
12,824
12,808
12,862
12,921
13,020
12,997
13,003
13,061
13,053
13,094
13,063
13,080
12,938
12,808
12,838
12,848
12,803
13
14
15
1,749
4,223
6,930
1,781
4,251
6,997
1,757
4,227
7,059
1,641
4,125
7,058
1,740
4,190
6,877
1,744
4,213
6,905
1,727
4,235
6,958
1,785
4,255
6,979
1,766
4,252
6,979
1,782
4,238
6,983
1,819
4,249
6,993
1,759
4,263
7,031
1,822
4,252
7,021
1,760
4,236
7,067
1,749
4,231
7,100
1,699
4,189
7,049
1,637
4,144
7,027
1,630
4,147
7,061
1,658
4,129
7.062
1,639
4,081
7,082
16
245,093 247,397 249,961
252,711 244,235 244,744 245,387 246,004 246,488 247,026 247,701 248,372 248,931 249,558 250,303 251,050 251,687 252,329 253,053 253,776
SURVEY OF CURRENT BUSINESS
• September 1992
Summary National Income and Product Accounts, 1991
[Billions of dollars]
Line
Line
Account 1.—National Income and Product Account
1 Compensation of employees
Wages and salaries
Disbursements (2-7) . . .
Wage accruals less disbursements (3-8 and 5-4)
Supplements to wages and salaries
Employer contributions for social insurance (3-1 6)
Other labor income (2-8)
33908
28122
28122
2
3
4
5
6
7
_1
5787
2904
288.3
Proprietors' income with inventory valuation and capital consumption
adjustments (2-9)
368.0
Rental income of persons with capital consumption adjustment (2-10)
-10.4
3463
16
17
Corporate profits with inventory valuation and capital consumption
adjustments.
Profits before tax
Profits tax liability (3-13)
Profits after tax with inventory valuation and capital
consumption adjustments.
Dividends (2-12)
Undistributed profits with inventory valuation and capital
consumption adjustments (5-5).
Inventory valuation adjustment
Capital consumption adjustment
1R
Net interest (2-15)
19
National income
R
9
10
11
1?
13
14
15
3347
124.0
2223
1465
758
Consumption of fixed capital (5-6)
Gross national income
27
Statistical discrepancy (5-9)
35
36
37
38
39
40
41
Gross private domestic investment (5-1)
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
721.1
731.3
541.1
180.1
360.9
190.3
-10.2
42
43
44
Net exports of goods and services
Exports (4-1)
Imports (4-4)
-21.8
598.2
620.0
45
46
47
48
49
Government purchases (3-1)
Federal
National defense
Nondefense
State and local
1 0905
447.3
3238
GROSS DOMESTIC PRODUCT
5,677.5
38877
446 1
1 251 5
21901
1236
643.2
449.5
45442
Business transfer payments
To persons (2-20)
To rest of the world (4-9)
Indirect business tax and nontax liability (3-14)
24 Less: Subsidies less current surplus of government enterprises (3-7)
25
Personal consumption expenditures (2-3)
Durable goods
Nondurable goods
Services
31
84
20
21
??
23
26
31
32
33
34
28.1
22.8
5.3
4752
.5
6261
5,673.1
21.9
28 Gross national product
56949
29
Less: Receipts of factor income from the rest of the world (4-2)
143.5
30
Plus* Payments of factor income to the rest of the world (4-5)
1260
56775
GROSS DOMESTIC PRODUCT
Account 2.—Personal Income and Outlay Account
1 Personal tax and nontax payments (3—12)
2
3
4
5
Personal outlays
Personal consumption expenditures (1-31)
Interest paid by persons (2-18)
Personal transfer payments to rest of the world (net) (4-7)
6
Personal saving (5-3)
PERSONAL TAXES, OUTLAYS, AND SAVING
See note at end of table.
....
6187
7
Wage and salary disbursements (1-3)
4,009.9
38877
8
Other labor income (1-7)
288.3
1125
9
Proprietors' income with inventory valuation and capital consumption
adjustments (1-8).
3680
10
Rental income of persons with capital consumption adjustment (1-9)
-10.4
11
12
13
Personal dividend income
Dividends (1-14)
Less' Dividends received by government (3-6)
1370
1465
14
15
16
17
18
Personal interest income
Net interest (1-18)
Interest paid by government (3-5)
Less' Interest received by government
Interest paid by persons (2-4)
7006
449.5
2846
146 1
112.5
19
20
21
Transfer payments to persons
From business (1-21)
From government (3-3)
22
Less* Personal contributions for social insurance (3—17)
9.7
199.6
....
4,828.3
PERSONAL INCOME
28122
95
. ..
771 1
22.8
748.3
2384
4,828.3
SURVEY OF CURRENT BUSINESS
September 1992
• 39
Summary National Income and Product Accounts, 1991— Continued
[Billions of dollars]
Line
Line
Account 3.—Government Receipts and Expenditures Account
1 Purchases (1-45)
12
Personal tax and nontax payments (2-1)
Transfer payments
To persons (2-21)
To rest of the world (net) (4-8)
720.0
748.3
-28.3
13
Corporate profits tax liability (1-12)
1240
14
Indirect business tax and nontax liability (1-23)
4752
5
Net interest paid
138.5
15 Contributions for social insurance
16
Employer (1-6)
17
Personal (2-22)
. . . .
1
6
Less Dividends received by government (2-13)
7
Subsidies less current surplus of government enterprises (1-24)
8
9
10
11
9.5
Less* Wage accruals less disbursements (1^4)
..
618.7
1,090.5
2
3
4
. .
5288
290.4
238.4
.5
-.1
Surplus or deficit (-), national income and product accounts (5-7) ....
Federal
State and local
.
-193.3
-210.4
17.1
GOVERNMENT EXPENDITURES AND SURPLUS .
1,746.8
GOVERNMENT RECEIPTS
.
1 746.8
Account 4.—Foreign Transactions Account
1 Exports of goods and services (1-^43) ..-
598.2
4
Imports of goods and services (1-44)
2
143.5
5
Payments of factor income (1-30)
Receipts of factor income (1-29)
3 Capital grants received by the United States (net) (5-8)
0
6 Transfer payments to rest of the world (net)
7
From persons (net) (2-5)
8
From government (net) (3-4)
9
From business (1-22)
.
10
RECEIPTS FROM THE REST OF THE WORLD
. .
.
620.0
1260
. . ..
Net foreign investment (5-2)
PAYMENTS TO THE REST OF THE WORLD
741.7
-133
9.7
-283
5.3
9.0
741 7
Account 5.—Gross Saving and Investment Account
1 Gross private domestic investment (1-35)
2
Net foreign investment (4-10)
GROSS INVESTMENT
721.1
3
Personal saving (2-6)
90
4
Wage accruals less disbursements (1-4)
5
Undistributed corporate profits with inventory valuation and capital
consumption adjustments (1-15).
6
Consumption of fixed capital (1-25)
7
Government surplus or deficit (-), national income and product
accounts (3-9).
8
Capital grants received by the United States (net) (4-3) .
9
Statistical discrepancy (1-27)
730.1
NOTE.—Numbers in parentheses indicate accounts and items of counterentry in the accounts. For example, line
3 of account 1 is shown as "wage and salary disbursements, (2-7)"; the counterentry is shown in account 2, line
Most of the estimates corresponding to the entries on the left-hand side of account 1 are shown in table 1.14
and table 1.9. Estimates corresponding to the entries on the right-hand side of account 1 are shown in table 1.1.
Most of the estimates corresponding to the entries in account 2 are shown in table 2.1.
GROSS SAVING AND STATISTICAL DISCREPANCY
199.6
0
75.8
6261
-193.3
0
21 9
730.1
Most of the estimates corresponding to the entries in account 3 are shown in table 3.1 (annual only). Estimates
for Federal Government receipts and expenditures are shown in table 3.2 and for State and local government, in
table 3.3 (quarterly and annual).
Estimates corresponding to the entries in account 4 are shown in table 4.1.
Estimates corresponding to the entries in account 5 are shown in table 5.1.
SURVEY OF CURRENT BUSINESS
40 • September 1992
Summary National Income and Product Series
Table 1.—Gross Domestic Product
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
1959
494.2
513.4
531.8
571.6
603.1
648.0
702.7
769.8
814.3
889.3
959.5
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 . .
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1959- |
||
III
IV
1960' I
II
Ill
IV
1961:1
11
III
IV
1962: 1
||
Ill
IV
1963: I
II
III
IV
1964: 1
II
Ill
IV
1965: I
II
Ill
IV
1966: 1
II
Ill
IV
1967: I
II
III
IV
1968: 1
II
Ill
IV
1969: 1
II
Ill
IV
1970: 1
II
Ill
IV
1971: 1
II
Ill
IV
.
318.1
332.4
343.5
364.4
384.2
412.5
444.6
481.6
509.3
559.1
603.7
646.5
1 0107
1,097.2
700.3
767.8
12070
848.1
1,349.6
927.7
1,458.6
1,585.9 1,024.9
1 7684 1 143.1
1,974.1 1,271.5
2,232.7 1,421.2
2,488.6 1,583.7
2,708.0 1,748.1
3,030.6 1,926.2
3,149.6 2,059.2
3,405.0 2,257.5
3,777.2 2,460.3
4,038.7 2,667.4
4,268.6 2,850.6
4,539.9 3,052.2
4,900.4 3,296.1
5,250.8 3,523.1
5,522.2 3,748.4
5,677.5 3,887.7
310.5
483.5
3164
496'.2
321.7
496.4
323.8
500.5
3273
5140
333.4
512.9
333.4
515.8
335.5
510.8
336.4
515.1
341.4
525.9
344.4
536.6
351.7
549.5
356.2
561.9
569.4
362.2
366.4
576.2
372.7
578.9
376.3
588.1
380.6
596.7
387.7
609.4
392.3
618.3
401.7
634.8
409.4
643.6
654.1
418.1
659.7
420.6
431.2
679.8
438.2
691.9
447.4
708.3
730.7
461.5
471.8
753.1
476.8
762.2
486.1
775.3
491.7
788.5
797.7
496.6
506.1
803.8
513.5
820.5
521.0
835.3
539.0
859.6
883.7
552.6
568.3
900.3
913.7
576.6
587.9
937.3
598.5
951.1
970.7
608.3
620.0
978.8
989.7
631.0
641.1
1,003.8
1,022.8
653.5
1,026.4
660.3
1,069.8
679.6
1,088.2
693.6
1,108.4
706.0
722.1
1,122.3
Durable
goods
Nondurable
goods
42.8
148.5
43.5
41.9
47.0
51.8
56.8
153.1
157.4
163.8
169.4
179.7
191.9
208.5
216.9
235.0
252.2
63.5
68.5
70.6
81.0
86.2
853
97.2
1107
124.1
123.0
134.3
1600
182.6
202.3
214.2
212.5
228.5
236.5
275.0
317.9
352.9
389.6
403.7
437.1
459.4
2704
283.3
3052
339.6
380.8
416.0
451.8
490.4
541.5
613.3
682.9
744.2
772.3
817.8
873.0
919.4
952.2
1,011.1
1,073.8
1,149.5
1,224.5
1,251.5
146.2
Services
126.8
135.9
144.1
153.6
163.1
175.9
189.2
204.6
221.7
243.1
265.3
2908
319.8
351 9
384.5
423.9
474.5
5312
598.4
677.4
756.2
852.7
953.5
1,050.4
1,164.7
1,269.4
1,395.1
1,508.8
1 ,637.4
1,785.2
1,914.2
2,059.7
2,190.1
Gross private domestic investment
Net exports
Nonresidential
Residential
78.8
46.5
28.1
4.2
78.7
77.9
87.9
93.4
49.2
48.6
52.8
55.6
62.4
26.3
26.4
29.0
32.1
34.3
74.1
84.4
85.2
92.1
34.2
32.3
32.4
38.7
42.6
3.2
2.9
6.1
5.7
5.0
9.7
Total
101.7
118.0
130.4
128.0
139.9
155.2
150.3
175.5
2056
243.1
245.8
226.0
286.4
358.3
434.0
480.2
102.9
106.7
111.7
126.1
150.0
165.6
169:0
187.2
223.2
274.5
326.4
41.4
55.8
69.7
75.3
66.0
62.7
82.5
353.8
410.0
413.7
400.2
468.9
504.0
492.4
497.8
545.4
568.1
577.6
541.1
445
46il
110.3
131.6
141.0
123.3
122.5
105.7
152.0
178.9
185.9
216.6
225.2
232.0
230.9
215.6
190.3
278
28'.8
CBI
13.8
10.5
9.1
9.7
2.3
8.0
9.9
17.7
14.3
-5.7
16.7
24.7
27.9
12.8
35.4
38.9
41.4
45.3
49.3
31.5
37.1
39.9
46.6
50.5
69,5
81.3
92.8
99.2
66.8
74.6
82.7
92.3
100.5
57.0
59.3
66.2
91.8
55.8
62.3
124.3
136.3
148.9
158.8
186.1
228.9
279.2
303.0
282.6
276.7
302.4
127.5
122.7
151.1
182.4
212.3
252.7
101.3
112.6
124.3
134.7
149.2
170.7
742
91.2
107.0
116.8
122.3
128.3
136.3
155.9
175.6
191.5
201.8
212.7
224.3
241.5
257.7
288.3
321.4
341.3
368.0
403.6
448.5
507.1
561.1
607.6
652.3
700.8
772.3
833.0
881.5
918.7
975.2
1,043.2
1,090.5
1001
100.0
1069
108.5
117.6
129.4
135.8
147.9
162.2
179.3
209.1
240.8
266.6
292.0
310.9
344.3
367.8
384.9
387.0
401.6
426.4
447.3
563
192.0
205.5
220.1
241.4
269.2
298.0
320.3
341.1
360.3
389.9
428.1
465.3
496.6
531.7
573.6
616.8
643.2
41 7
57.7
57.6
56.9
41.9
41.9
41.7
53.7
54.2
55.8
57.3
42.9
44.2
45.1
45.8
56.7
58.2
58.7
60.6
47.5
47.6
48.4
50.2
63.7
65.1
66.2
66.7
50.4
51.0
51.7
52.6
65.4
65.6
67.4
67.2
54.1
54.9
56.5
57.8
26.1
25.2
26.1
26.8
21.7
21.9
23.3
23.9
26.6
28.1
28.0
27.0
24.3
24.9
25.1
25.5
7.0
4.9
5.9
4.8
27.2
29.6
29.8
31.1
25.2
25.9
26.7
26.8
5.6
4.8
4.3
5.4
5.9
4.9
5.4
5.7
32.9
32.6
33.9
35.0
27.0
27.7
28.4
29.3
126.6
128.8
129.0
129.1
67.6
68.2
67.4
66.6
59.0
60.6
61.5
62.5
3.0
4.7
3.7
4.1
31.5
36.3
35.7
38.0
28.5
31.7
32.0
33.9
66.1
67.6
70.0
74.1
63.6
65.6
68.2
69.7
13.5
12.5
12.2
17.0
3.2
2.0
.8
1.5
38.2
38.2
39.0
40.4
35.0
36.2
38.2
38.8
129.8
133.3
138.2
143.8
147.5
153.5
159.0
163.4
75.9
80.2
83.8
85.3
71.6
73.3
75.2
78.1
14.0
2.3
2.1
1.1
.2
41.7
41.1
40.7
41.9
39.4
39.0
39.5
41.7
172.2
173.1
176.3
180.6
91.8
91.4
93.2
95.0
80.4
81.7
83.1
85.6
432
44.8
47.0
46.2
44.4
45.4
48.2
48.2
98.0
98.6
99.4
88.5
91.4
93.5
96.1
43.8
52.7
52.4
53.1
186.5
190.0
192.9
196.7
196.9
200.2
204.6
205.4
1509
1331
11.3
153.8
153.4
154.4
26.1
25.3
25.3
-5.7
40.0
41.0
42.3
44.3
70.2
75.4
82.2
84.0
47.4
48.3
48.6
50.2
25.3
25.5
26.9
27.8
89.3
87.9
89.1
85.4
51.4
53.0
53.7
53.2
28.4
29.2
29.2
29.1
1.6
6.7
6.0
9.5
5.6
6.2
3.1
50.2
51.5
52.2
53.3
155.9
156.8
157.4
159.6
161.5
162.9
164.4
166.3
167.5
168.2
170.7
171.2
90.3
91.8
94.7
96.6
53.1
54.7
56.3
58.1
30.2
32.2
32.5
33.7
55.4
56.8
58.6
56.6
175.3
178.5
182.0
183.1
135.4
136.3
138.6
140.5
143.5
144.8
147.8
149.4'
152.7
154.8
157.3
158.6
161.0
164.8
167.9
171.1
174.2
177.5
180.9
49.4
50.2
48.9
48.5
284
44.2
43.7
42.5
89.1
79.4
78.4
68.1
100.6
100.4
101.5
104.4
59.6
61.4
63.5
65.2
35.4
34.2
33.7
33.8
62.1
61.9
63.8
66.1
183.5
187.1
190.8
195.5
198.5
202.6
206.4
210.9
115.8
115.8
119.1
121.3
69.7
72.4
75.3
78.9
33.9
34.2
34.3
34.5
12.3
69.2
66.5
69.1
69.3
185.6
189.1
192.8
200.0
204.2
207.7
210.7
211.4
130.5
129.9
129.4
131.9
82.2
84.2
85.3
85.7
34.8
33.2
31.9
29.2
67.8
71.2
71.3
72.2
213.7
215.5
217.8
220.6
126.6
122.5
129.5
133.5
84.3
84.5
84.7
87.2
28.3
31.6
33.4
36.0
77.3
79.3
83.6
83.8
227.6
232.6
238.6
241.1
245.5
250.2
254.2
258.8
264.7
268.2
271.9
276.5
278.3
282.0
284.4
288.5
215.1
219.4
224.3
228.2
234.1
240.6
246.1
251.6
256.6
262.1
267.6
274.7
135.3
141.7
140.3
142.4
90.6
89.9
91.8
96.0
36.9
38.2
38.9
40.9
154.3
154.1
159.1
153.3
148.6
150.2
154.0
148.5
99.5
101.4
105.1
105.6
105.8
107.1
108.2
105.7
43.2
43.4
43.2
40.7
169.2
175.2
180.1
177.7
108.2
111.1
112.4
115.3
101.9
-23.7
-26.1
-23.8
-14.7
-14.7
-20.6
-51.4
-102.7
44.5
48.4
51.4
55.8
60.9
100.9
103.1
104.2
105.9
107.1
110.8
114.1
116.1
117.9
119.2
119.5
120.5
124.0
125.0
433
48.6
54.6
58.3
61.5
13.6
-2.3
41.8
55.3
58.6
65.4
66.4
67.5
23.3
23.5
22.9
21.7
28.3
27.5
93.1
95.9
98.1
.6
-3.1
57.1
99.8
24.2
25.2
25.9
25.8
47.8
47.6
40.7
39.4
40.4
45.0
-3.0
-8.0
99.0
22.8
22.7
25.0
26.1
28.1
.9
1.7
3.0
4.0
4.4
3.3
2.8
2.9
2.3
3.2
2.9
1.5
2.0
3.7
3.1
4.4
76.3
79.4
281.1
286.5
294.3
301.3
308.2
315.8
323.4
331.7
1.2
22.3
25.3
26.0
27.4
29.4
33.6
22.9
22.5
128.2
131.0
85.2
86.4
87.3
82.5
-1.3
-1.2
20.6
Federal
21.8
21.1
1227
1254
149.2
150.8
85.8
86.2
86.4
86.5
2.4
3.4
2.4
3.3
5.5
3.9
1.9
1.4
State
and
local
Imports
2o!o
1416
44.2
42.0
6.3
-10.2
44
7.B
.2
4.3
45.3
46.6
47.1
49.1
-1.7
Total
Exports
293.9
317.7
303.2
328.1
405.1
417.6
451.7
507.1
552.2
587.7
625.9
620.0
21 4
22'.5
467.6
558.0
503.4
546.7
718.9
714.5
717.6
749.3
793.6
832.3
799.5
721.1
767
82J
464.3
446.1
41 6
43'.4
Net
-9.5
25.4
-15.9
-5.5
71.1
24.6
8.6
26.3
16.2
33.3
3.0
4.2
-2.6
9.2
9.5
7.8
6.4
11.4
10.2
7.8
13.7
9.6
5.4
11.6
-115.6
-132.5
-143.1
-108.0
-79.7
-68.9
-21.8
-1.7
-2.5
-1.1
-1.4
-1.2
-.6
-1.3
-1.9
7.1
.1
41.9
50.9
51.0
53.2
2.1
3.7
5.4
1.1
2.4
.9
.4
54.7
57.6
57.3
58.3
53.5
55.2
56.4
57.9
.8
59.5
59.5
62.4
55.9
58.7
63.3
65.5
61.9
9.3
10.9
-2.2
12.4
95
9.4
.9
-1.9
-1.8
-1.3
302.1
319.2
364.0
444.2
508.0
557.0
598.2
197
-3.8
-3.1
-6.0
Percent change from preceding
pe oo
Government purchases
98.0
99.6
99.5
98.7
96.7
98.4
208.9
210.0
214.5
217.3
220.2
223.2
225.5
228.5
100.6
99.0
99.6
102.2
101.3
101.4
99.6
99.6
99.8
99.5
99.7
100.2
100.5
98.0
100.6
102.4
104.1
107.5
110.4
114.8
117.5
120.6
123.5
125.2
128.1
Final
Gross
sales of domesdomes- tic purtic prod- chases
uct
490.0
510.1
528.9
565.5
597.5
643.0
693.0
756.0
803.8
880.2
949.8
1,008.4
1,089.2
1,197.1
1,331.9
1,444.4
1,591.5
1,751.7
1,949.4
2,204.8
2,475.9
2,717.5
3,005.2
3,165.5
3,410.6
3,706.1
4,014.1
4,260.0
4,513.7
4,884.2
5,217.5
5,515.9
5,687.7
479.1
488.4
496.2
496.2
502.7
509.8
511.6
516.4
517.7
524.4
529.9
543.5
552.4
563.7
570.0
575.8
581.1
591.8
603.5
613.5
629.2
638.7
649.7
654.3
667.5
682.7
698.8
722.8
739.6
749.7
763.1
771.5
783.7
797.5
809.1
825.2
851.8
870.0
890.6
908.3
925.7
941.7
959.8
971.7
987.6
1,000.0
1.017.4
1,028.6
1,057.4
1,078.7
1,099.0
1,121.5
495.8
510.9
528.4
569.2
599.8
642.5
698.8
767.9
812.9
890.6
960.7
1,009.5
1,100.2
1,215.0
1,349.0
1,461.8
1,572.3
1,770.7
1,997.8
2,258.8
2,512.5
2,722.8
3,045.3
3,170.2
3,456.5
3,879.9
4,154.3
4,401.2
4,683.0
5,008.4
5,330.5
5,591.1
5,699.3
485.3
498.8
497.5
501.9
513.1
511.1
512.8
506.7
510.7
522.7
533.7
546.6
559.7
566.2
573.3
577.4
586.1
592.9
606.4
613.9
628.9
638.7
648.6
654.0
676.8
687.3
704.6
726.6
749.9
760.2
774.5
787.0
795.4
801.7
819.3
835.1
860.8
884.3
901.5
915.6
939.2
952.8
972.0
978.7
988.5
1,001.3
1.022.0
1,026.0
1,069.0
1,092.0
1,111.5
1,128.3
Gross
national
product
497.0
516.6
535.4
575.8
607.7
653.0
708.1
774.9
819.8
895.5
965.6
1,017.1
1,104.9
1,215.7
1,362.3
1,474.3
1,599.1
1 785.5
1,994.6
2,254.5
2,520.8
2,742.1
3,063.8
3,179.8
3,434.4
3,801.5
4,053.6
4,277.7
4,544.5
4,908.2
5,266.8
5,542.9
5,694.9
486.2
498.9
499.3
503.6
517.0
516.0
519.0
514.2
518.8
529.4
540.2
553.2
565.7
573.5
580.3
583.7
592.7
601.1
613.9
623.0
639.9
648.5
659.2
664.5
685.3
697.7
713.7
735.6
758.2
767.3
780.3
793.9
803.0
809.0
826.2
841.0
865.5
889.8
906.6
920.0
943.7
957.3
976.7
984.8
996.0
1,010.4
1,029.4
1,032.5
1,077.3
1,096.2
1,115.7
1,130.2
GDP
3.9
3.6
7.5
5.5
7.4
8.4
9.5
5.8
9.2
7.9
5.3
8.6
10.0
11.8
8.1
8.7
11.5
11.6
13.1
11.5
8.8
11.9
3.9
8.1
10.9
6.9
5.7
6.4
7.9
7.2
5.2
2.8
10.9
.2
3.3
11.2
-.9
2.3
-3.8
3.4
8.7
8.4
10.0
9.3
5.4
4.9
1.9
6.5
6.0
88
6.0
11.1
5.7
6.7
3.5
12.8
7.3
9.8
13.3
12.8
4.9
7.1
7.0
4.7
3.1
8.6
7.4
12.2
11.7
7.7
6.1
10.7
6.0
8.5
3.4
4.5
5.8
7.8
1.4
18.0
7.1
7.6
5.1
Final
sales of Gross
domes- domestic purtic prodchases
uct
4.1
3.7
6.9
5.7
7.6
7.8
9.1
6.3
9.5
7.9
6.2
8.0
9.9
11.3
8.4
10.2
10.1
11.3
13.1
12.3
9.8
10.6
5.3
7.7
8.7
8.3
6.1
6.0
8.2
6.8
5.7
3.1
8.0
6.5
0
5.3
5.8
1.4
3.8
1.0
5.3
4.3
10.7
6.7
8.4
4.5
4.1
3.7
7.6
8.1
6.8
10.6
6.2
7.1
2.9
8.3
9.4
9.8
14.5
9.6
5.6
7.3
4.5
6.5
7.2
5.9
8.2
13.5
8.8
9.8
8.2
7.9
7.1
7.9
5.1
6.7
5.1
7.1
4.5
11.7
8.3
7.7
8.4
3.0
3.4
7.7
5.4
7.1
8.8
9.9
5.9
9.6
7.9
5.1
9.0
10.4
11.0
8.4
7.6
12.6
12.8
13.1
11.2
8.4
11.8
4.1
9.0
12.2
7.1
5.9
6.4
6.9
6.4
4.9
1.9
ii.6
-1.0
3.6
9.2
-1.6
1.3
-4.7
3.2
9.7
8.7
10.0
9.9
4.7
5.1
2.9
6.2
4.7
9.4
5.0
10.1
6.4
6.3
3.4
14.7
6.4
GNP
3.9
3.6
7.5
5.5
7.5
8.4
9.4
5.8
9.2
7.8
5:3
8.6
10.0
12.1
8.2
8.5
11.7
11.7
13.0
11.8
8.8
11.7
3.8
8.0
10.7
6.6
5.5
6.2
8.0
7.3
5.2
2.7
10.9
.3
3.5
11.1
-.8
2.3
-3.6
3.6
8.4
8.4
10.0
9.3
5.6
4.8
2.4
6.3
5.8
8.8
6.1
11.3
5.5
6.8
3.3
13.1
7.4
9.5
10.5
13.1
12.9
13.5
12.9
5.6
7.7
6.6
4.9
7.0
7.2
4.3
3.2
9.1
7.9
4.7
3.0
8.8
7.4
12.9
11.4
8.0
6.4
10.7
5.9
8.3
2.8
4.1
5.3
8.5
1.6
17.8
8.9
7.3
6.2
12.2
11.7
7.8
6.0
10.7
5.9
8.4
3.4
4.6
5.9
7.7
1.2
18.5
7.2
7.3
5.3
SURVEY OF CURRENT BUSINESS
September 1992 •
41
Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
1972: 1
II
Ill
IV
1973: 1
II
III
IV
1974: 1
II
Ill
IV
1975: 1
II
Ill
IV
1976: 1
II
Ill
IV
1977- 1
II
Ill
IV
1978: 1
II
Ill
IV
1979: 1
II
Ill
IV
...
1980: 1
II
Ill
IV
1981' I
II .
Ill
IV
1982: 1
II
Ill
IV
1983: 1
II
Ill
IV
1984: 1
II
ill
IV
1985: I
II
Ill
IV
1986: 1
II
Ill
IV
1987: I
II
Ill
IV
1988: 1
II
Ill
IV
1989: 1
II
Ill
IV
1990: 1
II
Ill
IV
1991:1
II
Ill
IV
;
1,160.9
1,192.5
1,217.7
1,256.8
1,304.4
1,334.5
1,358.4
1,401.2
1,410.9
1,444.1
1,474.7
1,504.8
1,513.6
1,552.1
1,614.4
1,663.3
1,717.8
1,746.4
1,779.9
1,829.6
1 881.7
1,952.9
2,015.1
2,046.8
2,090.2
2,213.9
2,274.7
2,352.0
2,399.2
2,453.3
2,523.3
2,578.8
2,650.1
2,643.9
2,705.3
2,832.9
2,953.5
2,993.0
3,079.6
3,096.3
3,092.9
3,146.2
3,164.2
3,195.1
3254.9
3,367.1
3,450.9
3,547.3
3,666.9
3,754.6
3,818.2
3,869.1
3.940.0
3,997.5
4,076.9
4,140.5
4,215.7
4,232.0
4,290.2
4,336.6
4,408.3
4,494.9
4,573.5
4,683.0
4,752.4
4,857.2
4,947.3
5,044.6
5,150.0
5,229.5
5,278.9
5,344.8
5,445.2
5,522.6
5,559.6
5,561.3
5,585.8
5,657.6
5,713.1
5,753.3
739.2
757.1
775.1
799.7
824.0
838.8
857.3
872.6
891.0
919.0
946.7
954.2
978.9
1,008.3
1,042.1
1,070.3
1,104.8
1,124.5
1,153.9
1,189.1
12255
1,253.5
1,284.7
1,322.4
1,351.7
1,410.1
1,442.7
1,480.3
1,520.4
1,554.8
1,607.1
1,652.5
1,701.5
1,704.9
1,762.3
1,823.6
1 ,876.0
1,908.9
1,952.1
1,968.0
2,005.4
2,029.4
2,073.1
2,128.7
2,1629
2,231.9
2,288.7
2,346.8
2,392.4
2,444.5
2,477.8
2,526.4
2.589.2
2,636.4
2,704.2
2,739.8
2,784.8
2,812.3
2,882.0
2,923.1
2,962.8
3,030.1
3,091.4
3,124.6
3,199.1
3,260.5
3,326.6
3,398.2
3,440.8
3,499.1
3,553.3
3,599.1
3,672.4
3,715.3
3,787.8
3,818.2
3,821.7
3,871.9
3,914.2
3,942.9
Durable
goods
Nondurable
goods
293.2
301.5
308.5
317.4
125.7
327.0
124.6
333.6
124.3
344.0
121.7
353.7
119.5
365.6
123.6
376.7
129.5
388.0
119.3
392.9
124.0
400.3
411.1
129.1
138.9
423.0
145.4
429.8
155.2
439.4
157.5
446.3
160.8
455.8
166.6
465.8
4774
1752
180.3
485.6
184.6
492.0
190.5
506.9
187.9
516.7
205.3
534.5
549.4
205.5
210.4
565.5
211.8
583.6
210.6
599.8
218.3
624.5
216.0
645.5
667.1
218.7
198.2
673.8
211.3
686.2
221.8
704.6
2308
731 3
225.5
741.6
236.3
748.5
221.4
755.5
230.9
761.2
232.9
763.3
235.2
777.5
246.9
787.3
251 2
791.7
810.4
270.1
829.4
281.0
297.7
839.8
854.1
307.6
317.9
872.0
318.0
878.2
328.2
887.8
342.2
899.9
347.0
914.3
368.2
923.8
354.4
939.5
363.8
950.1
376.1
943.9
951.0
411.6
963.7
406.8
384.9
989.0
401.4 1,007.6
419.7 1,018.4
408.8 1,029.4
428.8 1,041.5
433.1 1,062.0
433.5 1,085.8
452.9 1,105.8
450.8 1,121.1
457.6 1,146.5
470.8 ' 1,157.1
458.3 1,173.5
478.0 1,199.3
463.5 1,208.7
463.0 1,235.3
452.7 , 1,254.5
439.5 1,245.0
441.4 1,254.2
453.0 1,255.3
450.4 1,251.4
105.3
108.5
111.8
117.4
Services
340.8
347.2
354.8
364.9
371.3
380.6
388.9
397.2
405.9
418.6
429.2
442.0
454.6
468.1
480.1
495.1
510.3
520.8
537.2
556.7
5729
587.6
608.2
625.0
647.1
670.2
687.8
704.4
725.0
744.4
764.3
791.0
815.7
832.9
864.9
897.2
913.9
941.7
967.2
991.1
1,013.3
1,033.2
1,060.4
1,094.6
1,120.0
1,151.4
1,178.3
1,209.3
1,230.8
1,254.6
1,281.7
1,310.4
1,347.1
1,375.2
1,412.2
1,446.0
1,470.9
1,492.3
1,519.4
1,552.6
1,588.8
1,621.2
1,653.3
1,686.4
1,728.8
1,765.4
1,807.3
1,839.5
1,868.8
1,895.1
1,925.4
1,967.3
1,995.0
2,043.1
2,089.6
2,111.1
2,137.2
2,176.3
2,205.9
2,241.1
Total
192.2
203.3
209.4
217.6
232.1
241.4
240.1
258.7
241.8
247.7
244.4
249.3
211.0
210.6
236.3
246.2
271.3
284.6
289.7
299.8
321 6
355.2
380.3
376.0
391.9
429.4
447.3
467.4
470.9
481.7
485.5
482.9
495.3
451.5
432.1
491.5
5485
543.3
575.4
564.7
517.9
522.1
509.4
464.2
4783
532.5
561.2
614.8
693.6
719.2
739.9
722.8
700.5
714.8
706.0
737.0
752.8
724.1
696.4
697.1
725.2
733.9
737.9
800.2
770.6
788.4
800.7
814.8
843.9
840.3
819.6
825.2
820.3
833.0
805.7
739.0
705.4
710.2
732.8
736.1
Nonresidential
Residential
120.6
123.5
126.3
133.8
141.2
149.0
153.7
156.4
66.6
68.2
69.6
74.3
11.6
13.6
77.9
75.8
75.0
72.7
13.1
16.7
11.4
29.6
159.0
163.7
168.5
171.0
166.3
166.0
169.7
173.9
179.1
183.4
189.8
196.4
69.0
67.5
67.4
60.0
13.8
16.5
18.3
-5.6
-9.1
-2.1
57.7
59.9
64.6
68.7
-12.9
-15.4
1.9
3.7
13.1
16.6
11.6
12.9
76.2
80.7
80.6
92.5
20.6
19.2
10.9
152
208.8
218.5
226.8
238.8
245.7
270.1
284.0
298.2
311.9
317.7,
334.7
341.5
353.6
342.5
352.1
367.1
3837
4007
418.4
437.1
432.6
419.4
405.0
397.7
3853
387.2
401.3
426.9
441.0
463.9
479.3
491.5
499.1
506.1
499.6
511.3
501.6
490.1
486.0
491.7
479.3
489.7
507.8
514.3
526.8
544.1
550.3
560.2
563.4
568.4
571.5
568.8
580.1
572.1
585.2
572.9
551.4
545.8
538.4
528.7
976
111.7
115.0
116.9
121.0
130.5
135.8
139.0
138.6
140.9
143.5
141.2
134.6
111.2
115.9
131.3
131.9
128.7
120.1
109.5
104.7
102.8
102.4
112.8
130.3
148.1
162.0
167.7
174.7
180.6
179.8
180.4
182.1
182.0
186.5
193.1
203.1
216.7
222.4
224.2
222.8
226.4
225.2
226.5
227.0
230.5
233.3
237.3
236.8
232.1
228.5
226.2
232.1
223.1
210.1
197.1
182.6
186.2
194.2
198.2
CBI
5.0
9.4
Exports
Imports
-8.6
-8.3
-7.9
-7.1
63.5
63.1
66.2
72.1
72.2
71.4
74.1
79.2
-4.4
-1.1
81.0
88.3
94.3
85.4
89.5
91.1
98.7
Net
3.2
4.7
103.4
110.3
129.4
133.6
136.6
124.9
115.2
122.1
-1.1
-5.0
-7.2
143.1
146.0
150.9
155.4
138.9
147.1
155.9
-21 2
-21.5
-21.2
-30.8
154.8
161.3
161.8
157.1
164.0
185.6
190.5
204.5
210.7
219.9
233.1
251.9
229.9
243.2
257.3
280.4
-35.9
-39.3
-23.3
-24.6
-17.3
-19.2
-23.3
-24.2
-28.6
-37.1
-16.6
3.5
-6.8
-8.6
267.5
276.2
282.7
290.4
304.6
292.8
279.2
299.0
329
1&9
-16.3
-16.0
-10.0
-16.4
-17.5
3193
3217
-30.3
-29.5
-23.7
-44.9
-65.2
-71.8
-95.5
-104.5
-103.8
-107.1
3030
305*8
299.9
303.4
291.9
293.9
279.0
265.6
2706
272.3
277.7
286.2
293.1
302.1
305.7
308.7
-91.8
-116.0
-118.9
-135.5
-127.8
-129.7
-139.4
-133.2
-140.3
-145.1
-143.8
-143.2
-122.0
-105.6
-98.5
-106.0
-85.1
-80.1
-79.7
-73.9
-72.1
-59.9
-76.3
-67.2
-28.7
-15.3
-27.1
-16.0
305.0
302.7
295.8
304.7
311.5
313.0
318.4
333.9
336.3
3557
371.5
392.4
418.5
438.8
452.4
467.0
489.7
509.5
509.0
523.8
541.2
551.2
555.9
5797
573.2
594.3
602.3
622.9
1,6.1
25.0
38.4
20.3
25.2
28.7
27.5
30.2
20.4
23.2
7.3
.2
7.1
-2.2
36.9
18.1
-19.3
-.2
2.0
-46.3
-373
-2.8
-2.1
20.2
77.9
74.7
80.7
51.0
19.3
26.7
19.9
32.6
48.1
17.4
-12.0
-18.8
23.1
17.8
4.9
59.3
16.8
13.8
17.1
17.3
43.7
39.8
19.6
30.2
8.1
37.7
10.4
-31.0
-28.5
-21.8
.2
9.2
4.3
4.2
-5.1
Percent change from preceding
period
Government purchases
114.6
123.7
124.5
134.4
138.0
131.8
133.7
141.7
8.5
NOTE.—GDP=Gross domestic product; CBkChange in business inventories; GNP=Gross national product
Net exports
Gross private domestic investment
1287
1627
176.1
182.8
183.0
187.9
203.3
208.9
215.1
221.8
310.0
3197
309.4
299.0
309.3
295.1
294.3
317.2
342.9
358.0
388.5
4067
409.5
415.7
396.8
4187
414.7
440.2
439.2
442.7
457.8
467.1
4765
500.8
515.3
535.6
540.5
544.3
550.9
573.1
574.9
589.6
5887
597.7
613.3
611.2
632.2
646.9
602.0
609.6
629.5
638.9
Total
238.1
240.4
241.1
246.5
2527
255.4
257.7
265.1
273.8
283.1
292.8
303.4
310.5
3167
324.5
333.8
337.4
338.4
341.3
347.9
355.9
3657
371.3
379.2
385.8
397.7
409.3
421.5
427.1
440.1
454.9
471.9
490.5
504.1
507.4
526.4
5454
556'.8
562.2
579.9
587.1
599.8
612.0
631.6
637.5
6477
666.3
657.6
676.3
695.4
704.4
727.0
742.2
762.4
785.6
799.2
805.9
825.3
851.2
8497
860.6
876.0
888.0
901.4
9047
913.8
918.5
937.6
950.4
970.2
985.6
994.5
1,0247
1,034.3
1,042.4
1,071.3
1,087.5
1,090.8
1,093.3
1,090.3
Federal
107.0
108.1
105.6
106.7
108.9
108.5
107.0
109.8
112.3
114.3
118.8
124.9
126.1
127.7
129.8
134.1
State
and
local
131.0
132.3
135.5
139.9
1437
146.9
1507
155.4
161.5
168.8
174.0
178.5
184.4
189.1
194.7
1997
140.1
204.2
204.3
205.6
207.8
1427
2131
146.8
148.8
153.3
163.7
169.4
218.9
222.5
225.9
230.9
237.0
245.6
252.1
172.5
175.2
180.4
189.2
254.6
264.8
274.5
2827
198.6
208.5
208.8
220.6
229.0
239'.8
241.8
252.6
255.8
261.0
268.0
281.4
284.6
291.0
302.6
2897
297.9
309.6
311.2
3247
291.9
295.5
298.6
305.8
316.4
317'.0
320.3
327.4
330.0
338.2
352.1
356.9
352.2
364.2
381.5
373.1
375.6
384.5
387.1
392.5
386.6
386.0
383.5
392.0
412.2
424.2
433.4
442.4
453.7
461.2
4697
476.6
485.0
49t.5
501.0
509.0
518.1
527.8
535.1
5457
392.3
401.6
407.3
405.1
420.3
424.4
422.6
438.3
451.3
449.9
447.2
440.8
558.1
568.6
578.4
589.3
133.2
134.0
1357
154.9
1607
331.3
338.8
344.0
350.3
352.9
3567
3637
367.9
378.4
385.8
393.1
402.2
604.3
610.0
6197
633.0
636.3
640.8
646.0
649.5
Final
Gross
sales of domesdomes- tic purtic prod- chases
uct
Gross
national
product
1,155.9 1,169.5
1,180.9 1,200.8
1,204.1 1,225.7
1,247.3 1,263.8
1,291.3 1,3087
1,317.8 1,335.6
1,346.9 1,355.2
1,371.5 1,396.4
1,3971 1,406.6
1,427.6 1,4497
1,466.2 1,483.8
1,486.5 1,506.9
1,526.5 1,500.5
1,567.5 1,535.6
1,612.5 1,602.8
1,659.6 1,650.4
1,701.7 1,713.6
1,725.8 1,747.5
1 ,7607 1,784.9
1,818.7 1,836.8
1 8665 1 902.9
l!927.8 1J974.4
1,976.6 2,036.2
2,026.6 2,077.6
2,064.9 2,129.5
2,185.1 2,237.1
2,247.2 2,299.3
2,321:8 2,369.3
2,378.7 2,418.4
2,430.1 2,476.6
2,516.0 2,547.5
2,578.6 2,607.3
2,643.1 2,687.3
2,646.1 2,660.5
2,741.2 2,701.8
2,839.7 2,841.5
2,920.6 2,969.8
2',979'.2 sioogio
3,0427 3,089.6
3,078.2 3,1127
3,112.3 3,110.4
3,146.4 3,151.3
3,162.1 3,194.5
3,241.4 3,224.6
3,292.2 3 278.7
3,370.0 3i412.0
3,453.0 3,516.1
3,527.1 3,619.1
3,589.0 3,762.3
3,679.8 3,859.1
3,737.5 3,922.1
3,818.1 3,976.2
3,9207 4,031.8
3,970.9 4,113.6
4,057.0 4,195.8
4,107.9 4,276.0
4,167.6 4,343.5
4,2147 4,3617
4,302.3 4,4297
4,355.4 4,469.8
4,385.2 4,548.6
4,477.1 4,640.0
4,568.6 4,717.3
4,6237 4,826.2
4,735.6 4,874.4
4,843.4 4,9627
4,930.2 5,045.8
5,027.3 5,1507
5,106.2 5,235.1
5,189.7 5,309.6
5,259.3 5,358.6
5,314.6 5,418.7
5,437.1 5,517.4
5,484.9 5,582.6
5,549.2 5,635.9
5,592.3 5,628.5
5,614.4 5,614.6
5,679.4 5,672.9
5712.9 5,740.3
5,744.2 5,769.3
1,169.2
1,200.8
1,226.8
1,265.9
1,315.1
1,346.2
1,372.3
1,415.6
1,428.1
1,460.7
1,490.2
1,518.3
1,525.2
1,564.0
1,627.6
1,679.5
1,7337
1,763.3
1,797.2
1,847.7
1 902.7
l!973.8
2,036.2
2,065.8
2,112.4
2,232.8
2,295.9
2,377.1
2,425.2
2,483.0
2,559.6
2,615.3
2,6877
2,679.4
2,739.8
2,861.5
2,985.5
3',023'.5
3,112.4
3,133.7
3,1237
3,179.2
3,193.8
3,222.6
3,283.8
3,394.0
3,481.6
3,578.4
3,694.2
3,778.3
3,843.3
3,890.2
3,955.7
4,012.9
4,089.5
4,156.2
4,231.4
4,239.1
4,300.0
4,340.5
4,412.4
4,497.5
4,5777
4,690.5
4,764.3
4,8627
4,951.6
5,054.3
5,164.0
5,243.3
5,294.7
5,365.0
5,464.1
5,537.0
5,577.8
5,5927
5,614.9
5,674.3
5,726.4
5764.1
GDP
Final
Gross
sales of domesdomespurtic prod- tic
chases
uct
14.5
11.3
12.8
8.9
8.1
15.4
11.1
GNP
14.5
11.3
8.7
135 .
15.1
13.0
13.4
16.0
14.9
15.0
16.5
8.5
9.1
7.5
8.5
6.0
127
13.2
77
9.0
12.8
9.6
7.4
13.2
2.8
97
87
8.4
2.4
11.3
5.7
8.6
3.0
97
6.4
8.9
9.8
8.0
3.6
9.4
8.3
7.8
1.8
-17
9.7
127
11.2
11.2
12.0
12.2
18.7
12.4
10.6
17.3
13.4
13.8
10.5
16.2
13.5
10.6
17.0
6.8
7.9
5.8
8.3
8.2
8.8
7.0
7.9
11.6
13.8
12.1
11.7
11 9
10.9
13.8
10.5
10.5
15.2
15.9
13.1
12.4
15.8
13.3
ie!o
13.4
6.4
8.8
25.9
11.4
14.3
8.3
9.3
11.9
9.1
11.5
-.9
9.6
7.8
25.4
11.9
14.0
10.2
8.9
14.9
10.3
10.4
.5
15.2
8.4
10.4
21.8
11.6
12.7
8.6
10.0
12.0
97
12.8
-3.9
6.4
20.2
152
22.3
18.1
11.9
19.3
5J5
12.1
2.2
-.4
7.1
2.3
4.0
7.7
14.5
10.3
11.7
14.2
8.3
8.8
4.7
4.5
4.5
2.0
10.4
6.4
9.8
10.2
8.9
7.2
54
11.2
3.0
-.3
5.4
5.6
3.8
6.9
5.9
9.3
24.8
11.8
14.9
8.3
9.9
12.9
9.0
11.5
-1.2
9.3
19.0
185
52
12.3
2.8
-1.3
7.3
1.8
37
7.8
14.1
17.3
12.8
12.2
107
16.8
13.6
11.6
107
6.7
5.6
9.4
7.1
5.0
5.7
8.4
8.2
7.9
6.9
5.9
7.9
6.7
7.4
7
5.9
3.8
6.8
7.9
7.3
9.4
7.4
8.1
6.5
17
6.4
37
7.2
8.3
6.8
9.6
4.1
7.4
6.9
8.6
8.6
6.3
3.8
5.1
6.4
6.7
5.5
4.3
67
5.8
37
4.6
9.0
6.3
4.0
5.4
77
5.8
27
.1
9.5
3.6
4.8
3.1
7.5
4.8
3.9
-.5
7.6
5.4
3.0
1.1
1.8
5.2
4.0
2.8
1.6
47
2.4
2.2
9.9
6.9
5.4
10.5
7.5
6.0
8.2
6.4
11.2
7.5
1.6
5.6
4.4
6.8
8.1
7.2
9.9
6.1
9.1
7.6
8.1
6.4
8.9
5.2
9.0
5.1
5.9
4.6
8.6
5.0
2.8
8.6
8.4
4.9
10.0
-1.0
4.2
4.8
2.0
10.2
6.4
8.5
7.5
8.6
1.6
4.3
37
2.7
42 • September 1992
SURVEY OF CURRENT BUSINESS
Table 2.—Gross Domestic Product in Constant Dollars
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
goods
Nondurable
goods
Services
Gross private domestic investment
Total
Nonresidential
1 ,928.8 1,178.9
1,210.8
1,238.4
1,293.3
1,341.9
1,417.2
114.4
518.5
546.0
296.4
165.2
1960
1961
1962
1963
1964
1,970.8
2,023.8
2,128.1
2,215.6
2,340.6
115.4
109.4
120.2
130.3
140.7
526.9
537.7
553.0
563.6
588.2
290.8
289.4
321.2
343.3
371.8
173.3
172.1
185.0
192.3
214.0
1965
1966
1967
1968
1969
2,470.5
2,616.2
2,685.2
2,796.9
2,873.0
2,873.9
2,955.9
3,107.1
3,268.6
3,248.1
3,221.7
3,380.8
3,533.3
3,703.5
3,796.8
3,776.3
3,843.1
3,760.3
3,906.6
4,148.5
4,279.8
4,404.5
4,539.9
4,718.6
4,838.0
4,877.5
4,821.0
156.2
166.0
167.2
184.5
190.8
183.7
201.4
225.2
246.6
227.2
616.7
647.6659.0
686.0
703.2
568.5
591.3
620.0
648.0
688.3
724.1
760.2
796.2
837.0
877.2
413.0
438.0
418.6
440.1
461.3
429.7
475.7
532.2
591.7
543.0
437.6
520.6
600.4
664.6
669.7
594.4
631.1
540.5
599.5
757.5
745.9
735.1
749.3
773.4
784.0
250.6
276.7
270.8
280.1
296.4
1959
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1959 I
II
III
IV
1960: I
II
III
IV
1961:1
II
III
IV
1,904.9
1,937.5
1,930.8
1,941.9
1,976.9
1,971.7
1,973.7
1,961.1
1,977.4
2,006.0
2,035.2
2,076.5
1,497.0
1,573.8
1,622.4
1,707.5
1,771.2
1,813.5
1,873.7
1,978.4
2,066.7
2,053.8
2,097.5
2,207.3
2,296.6
2,391.8
2,448.4
2,447.1
2,476.9
2,503.7
2,619.4
2,746.1
2,865.8
2,969.1
3,052.2
3,162.4
3,223.3
3,260.4
3,240.8
1,159.5
1,175.5
1,188.0
1,192.7
1,201.7
1,216.4
1,210.8
1,214.1
1,218.1
1,235.6
1,238.8
1,261.0
912.5
946.7
997.4
1,042.2
1,066.8
1,103.6
1,149.5
1,196.8
1,254.1
1,296.5
1,323.9
1 ,344.4
1,368.9
1,421.4
1,473.0
1,537.0
1,576.1
1,637.4
1,698.5
1,731.0
439.3
414.7
717.2
725.6
755.8
777.9
759.8
767.1
801.3
819.8
844.8
862.8
860.5
867.9
872.2
900.3
934.6
958.7
991.0
1,011.1
1,035.1
1,051.6
1,056.5
1,042.4
1,764.6
1,783.7
739.1
661.1
292.0
286.8
311.6
357.4
356.5
316.8
328.7
364.3
412.9
448.8
437.8
455.0
433.9
420.8
490.2
521.8
500.3
497.8
530.8
540.0
538.1
500.2
111.9
116.2
117.6
112.0
514.9
516.9
519.9
522.4
532.7
542.4
550.6
558.2
290.7
308.9
288.1
297.8
158.8
163.8
169.1
169.0
114.5
117.6
116.2
113,2
106.7
107.2
109.3
114.4
522.8
529.6
527.0
528.0
532.1
537.7
536.9
543.9
564.4
569.1
567.6
572.9
608.0
617.4
623.5
631.1
634.2
640.8
654.1
663.0
674.5
683.7
693.2
701.9
708.4
719.0
728.2
740.7
321.8
292.0
288.5
261.0 .
266.4
279.9
302.4
308.9
321.4
322.0
327.3
314.1
226.8
256.4
280.0
292.9
289.0
262.7
264.6
262.5
297.7
338.5
370.1
402.0
403.7
428.7
440.7
579.3
590.6
592.6
602.7
475.3
15.6
16.0
15.7
-10.5
476.9
501.5
524.2
536.3
549.1
265.7
259.0
270.1
287.3
285.7
281.8
209.6
217.9
231.4
236.9
250.6
267.3
137.3
124.5
120.2
136.4
140.1
131.8
168.1
198.0
196.6
155.6
134.7
166.4
201.9
214.5
207.4
25.1
36.7
27.6
23.6
24.8
5.9
20.8
22.5
37.7
30.9
-13.9
25.5
34.3
37.2
13.6
-8.3
24.6
-17.5
4.4
67.9
22.1
8.5
26.3
19.9
29.8
6.2
-5.8
2.5
-6.4
-18.0
-23.7
-37.5
-41.5
-35.2
-45.9
-56.5
-34.1
-4.1
23.1
-6.4
-27.8
-29.9
-10.6
30.7
22.0
-7.4
-56.1
-122.0
-145.3
-155.1
-143.1
-104.0
-73.7
169.0
171.0
171.8
176.8
105.9
106.3
112.2
115.8
-8.5
118.0
121.6
121.5
121.3
125.8
135.0
137.5
141.6
150.0
142.1
139.5
136.9
137.2
138.3
138.5
135.2
23.3
14.2
17.5
-11.9
7.4
330.8
339.5
349.3
353.5
372.1
367.9
371.3
376.0
407.6
407.5
418.1
418.9
180.0
186.1
188.3
185.4
183.7
189.7
195.1
200.7
205.2
210.4
217.8
222.7
236.4
245.9
255.0
265.0
-13.5
-10.4
2,596.8
2,601.4
2,626.1
2,640.5
1,559.6
1,566.1
1,582.0
1,587.6
169.9
162.0
166.3
166.0
641.9
647.2
651.7
649.4
747.9
756.9
764.0
772.2
449.5
435.9
435.1
431.4
275.0
276.8
279.2
275.8
1967: 1
II
Ill
IV
2,657.2
2,669.0
2,699.5
2,715.1
1,600.2
1,620.8
1,629.4
1,639.0
162.8
170.0
168.1
167.8
655.4
659.0
658.8
662.7
781.9
791.8
802.5
808.6
411.7
406.1
424.9
431.8
271.0
269.7
268.8
273.4
1968: 1
II
Ill
IV
2,752.1
2,796.9
2,816.8
2,821.7
178.2
182.0
189.4
188.5
675.5
683.0
692.9
692.7
819.2
831.9
842.9
853.8
433.0
447.0
442.3
438.0
1969: 1
II
Ill
IV
2,864.6
2,867.8
2,884.5
2,875.1
1,672.9
1,696.8
1,725.2
1,735.0
1,754.7
1,765.1
1,775.0
1,790.1
192.0
190.9
190.6
189.7
698.7
702,3
703.8
708.0
863.9
871.8
880.6
892.4
1970: 1
II
Ill
IV
2,867.8
2,859.5
2,895.0
2,873.3
1,800.5
1,807.5
1,824.7
1,821.2
185.2
187.3
188.2
174.2
714.6
714.0
718.0
722.3
1971:1
II
Ill
IV
2,939.9 1,849.9
2,944.2 1,863.5
2,962.3 1,876.9
2,977.3 1,904.6
3,037.3 1,929.3
3,089.7 1,963.3
3,125.8 1,989.1
3,175.5 2,032.1
193.0
197.8
203.3
211.5
215.9
220.9
225.7
238.3
95.6
96.1
95.3
173.8
176.1
171.7
171.4
1966: 1
II
Ill
IV
State
and
local
73.8
24.4
152.2
152.4
157.3
162.8
Federal
88.4
89.9
95.0
120.7
118.5
115.0
118.4
108.6
105.3
105.4
1965: 1
II
Ill
IV
Total
-7.6
-5.5
155
548.9
550.6
554.5
558.2
561.0
561.8
565.4
566.1
575.7
584.9
595.9
596.3
602.8
609.5
617.6
637.2
Imports
-21.8
13.6
164.8
151.6
124.1
174.2
199.3
202.0
226.2
225.2
222.7
214.2
Exports
.5
13.9
29.6
7.2
11.6
-15.9
2.6
18.5
16.3
21.3
14.9
16.7
11.2
-51.8
-21.8
-21 4
-25.0
-20.3
-20.5
-13.4
-10.4
-5.6
-1.2
-.9
-6.0
-6.7
-8.4
-7.8
-8.9
2.5
2.7
4.8
4.1
5.7
1.4
2.6
5.4
3.9
5.3
2.2
2.7
5.2
4.1
5.7
2,476.9
2,634.2
2,708.9
2,834.4
2,914.5
2,909.1
3,001.8
3,163.6
3,302.7
3,252.2
2,489.0
2,633.2
2,702.6
2,815.7
2,890.9
5.5
5.9
2.6
4.2
2.7
5.2
5.5
3.0
4.4
2.7
5.9
6.4
2.8
4.6
2.8
5.5
5.8
2.6
4.2
2.7
2,891.6
2,976.0
3,128.8
3,298.6
3,282.4
0
2.9
5.1
5.2
-.6
.7
2.3
5.1
4.7
—4
-.2
3.2
5.4
4.4
0
2.9
5.1
5.4
-.5
-.8
4.9
4.5
4.8
2.5
.6
3.7
4.3
4.8
3.2
-1.6
0
.9
-1.6
282.1
319.3
350.9
353.1
340.1
284.8
303.1
317.0
333.7
341.9
665.8
652.4
653.0
644.2
655.4
209.8
249.7
274.7
300.1
304.1
663.5
659.2
664.1
677.0
689.3
704.2
713.2
723.6
743.8
766.9
813.4
855.4
881.5
886.8
904.4
350.9
361.6
368.6
378.9
392.9
400.8
401.1
401.0
408.4
417.6
419.4
417.4
417.6
423.0
436.0
458.2
482.4
496.6
509.6
528.3
546.3
552.7
2,868.0
2,935.2
3,084.5
3,230.9
3,217.2
232.9
243.4
246.9
270.2
293.5
320.5
326.1
296.7
285.9
305.7
309.2
329.6
364.0
421.6
471.8
510.0
539.4
315.0
290.8
284.4
265.3
262.6
262.7
258.2
263.1
268.6
271.7
3,235.6
3,355.3
3,499.0
3,666.3
3,783.2
3,784.6
3,818.6
3,777.8
3,902.2
4,080.6
4,257.6
4,395.9
4,513.7
4,698.6
4,808.3
4,871.3
4,830.3
3,198.6
3,387.1
3,561.1
3,733.3
3,807.4
3,745.7
3,821.2
3,767.7
3,962.8
4,270.5
4,425.1
4,559.6
4,683.0
4,822.6
4,911.7
3,247.6
3,412.2
3,569.0
3,739.0
3,845.3
3,823.4
3,884.4
3,796.1
3,939.6
4,174.5
4,295.0
4,413.5
4,544.5
4,726.3
4,852.7
4,929.3
4,842.8
4,895.9
4,836.4
1 ,889.4
1,913.1
1,930.3
1 ,928.0
1,947.3
1,964.5
1,962.1
1,977.0
1 ,926.3
1 ,962.5
1,951.1
1,962.4
254.9
257.3
259.5
264.3
209.7
209.8
210.0
209.1
211.9
216.4
220.4
222.9
1,915.1
1,947.7
1,941.8
1 ,953.6
1 ,988.1
1,983.3
1,985.8
1,974.0
263.8
268.3
269.7
278.6
229.9
228.3
231.0
236.5
1,985.9
2,003.5
2,016.7
2,060.2
709
561.8
561.2
923
72.0
77.5
74.7
97.0
97.8
95.3
84.9
88.3
90.5
90.2
98.3
98.7
96.1
91.4
90.7
86.5
90.7
91.4
91.6
92.6
97.4
99.8
476.1
478.2
474.9
471.9
466.8
473.7
479.9
487.2
493.7
496.6
500.7
515.1
91.1
97.3
97.5
94.2
103.1
105.0
106.3
107.6
104.8
107.3
109.5
109.0
109.0
111.5
114.3
116.8
112.7
125.9
126.8
132.4
520.8
524.4
526.0
525.3
528.1
532.9
543.6
540.6
546.4
551.6
549.8
548.4
546.6
559.3
572.1
589.6
286.8
289.1
288.1
285.1
283.4
285.9
290.0
283.4
285.3
285.1
280.5
276.2
272.3
277.8
282.7
295.8
94.4
929.9
941.0
3.9
6.2
3.2
2.9
3.1
3.9
2.5
.8
-1.2
7.0
-1.4
2.3
7.4
-1.0
.4
-2.5
-1.1
3.3
4.6
4.3
3.2
2.7
4.1
2.3
1.3
-.8
5.1
3.6
-.5
4.1
3.6
-.5
3.1
5.9
5.1
4.8
2.0
2.0
-1.4
5.2
7.8
3.6
3.0
2.7
3.0
1.8
.4
-1.8
7.7
-2.3
2.3
5.8
-1.6
-.6
-3.4
-1.1
5.1
4.6
4.8
2.8
-.6
1.6
-2.3
3.8
6.0
2.9
2.8
3.0
4.0
2.7
.9
-1.2
7.0
-1.2
2.5
7.3
-1.0
.5
-2.4
3.4
5.9
6.0
8.4
1.8
3.6
2.7
8.9
3.3
7.0
6.1
8.7
3.5
5.7
6.0
8.4
234.0 2,080.5 2,115.7
235.3 2,111.5 2,133.5
238.0 2,125.2 2,151.5
240.2 2,132.8 2,153.7
244.7 2,149.6 2,181.3
247.0 2,184.6 2,204.7
253.6 2,220.9 2,243.6
257.1 2,243.3 2,256.1
261.1 2,294.2 2,306.5
266.5 2,314.5 2,328.8
269.3 2,343.5 2,354.9
272.2 2,347.6 2,362.1
274.4 2,376.1 2,417.6
281.5 2,419.4 2,447.7
289.5 2,460.9 2,493.3
293.8 2,525.1 2,549.1
297.9 2,560.7 2,608.1
300.2 2.569.3 2,617.4
303.3 2,593.2 2,648.9
310.9 2,594.8 2,662.2
2,117.3
2,140.6
2,157.7
2,157.7
2,187.4
2,215.3
2,253.6
2,271.1
5.4
4.2
3.2
—4
4.0
6.1
2.6
1.4
6.0
3.4
3.4
.4
5.9
5.4
7.1
3.1
3.2
6.7
6.8
4.1
2,329.3
2,347.3
2,375.4
2,380.6
2,429.2
2,462.5
2,503.8
2,560.3
10.4
9.4
3.6
5.1
.7
5.2
4.4
7.2
2.2
9.2
3.9
4.6
1.2
9.7
5.1
7.7
9.3
5.3
4.5
3.2
0
5.6
5.2
7.1
3.1
2,613.9
2,618.5
2,642.8
2,657.9
8.6
.7
3.9
2.2
5.8
1.4
3.8
.2
9.6
1.4
4.9
2.0
8.6
.7
3.8
2.3
2,622.9
2,651.2
2,667.9
2,688.3
2,732.1
2,760.9
2,790.3
2,809.6
2,677.7
2,690.1
2,723.0
2,744.8
2.6
1.8
4.6
2.3
4.4
4.4
2.5
3.1
6.7
4.3
4.3
2.8
2.3
1.9
5.0
3.2
2.5
1.7
4.9
2.2
2,788.8
2,832.6
2,854.2
2,861.8
2,674.3
2,685.5
2,717.9
2,732.9
2,770.3
2,815.6
2,836.0
2,840.7
6.6
6.4
3.1
1.1
5.6
6.7
2.9
.7
2,835.8
2.844.1
2,856.3
2,856.6
2,903.5
2,912.0
2,927.7
2,914.8
2,883.6
2,886.0
2,901.7
2,892.3
6.2
.4
2.3
6.0
1.2
2.2
6.2
.3
2.2
2,862.8
2,851.1
2,880.6
2,877.3
2,903.8
2,893.4
2,929.4
2,909.7
2,885.6
2,877.9
2,913.1
2,889.7
3.8
1.2
1.7
0
c
2,908.0
2,920.5
2,940.3
2,971.8
2,973.8
2,993.0
3,009.3
3,031.1
3,098.5
3,146.7
3,179.7
3,229.4
2,959.8
2,965.4
2,981.3
2,997.5
3,058.4
3,110.5
3,148.4
3,197.8
-7.5
-5.0
-7.8
-5.3
36.1
32.1
32.9
45.7
-11.4
-16.0
-22.8
-21.7
125.2
124.3
125.5
127.9
136.5
140.3
148.3
149.6
599.0
615.4
631.8
643.2
301.1
315.3
328.5
332.3
34.3
17.8
31.6
26.8
-20.5
-21.1
-23.5
-29.7
280.9
275.5
277.7
286.4
138.4
127.0
122.9
109.9
106.4
118.6
124.4
131.6
132.2
135.6
138.1
139.6
20.0
36.0
26.5
12.1
151.6
150.6
151.8
161.0
170.9
173.2
183.6
183.1
665.8
663.2
668.7
673.9
682.9
688.7
686.7
688.8
351.8
347.7
352.0
352.2
356.4
355.9
350.3
349.7
466.2
460.6
471.0
447.4
293.1
293.8
300.9
297.7
144.3
143.2
141.9
131.3
28.9
23.7
28.2
18.5
-36.8
-35.7
-37.4
-40.1
-38.9
-44.1
-43.3
-39.8
131.0
129.5
128.3
131.3
134.2
137.6
146.2
142.9
128.4
154.5
153.1
155.0
167.3
198.6
196.3
194.8
682.6
686.3
681.7
677.3
342.2
343.5
339.3
335.4
326.5
332.8
336.4
339.1
340.4
342.7
342.4
342.0
900.7
906.2
918.5
924.7
431.8
423.6
439.4
424.1
131.9
122.8
129.5
143.2
5.1
8.4
-36.0
-33.9
-34.4
-36.4
157.3
163.3
161.3
163.2
193.3
197.1
195.7
199.6
671.5
662.2
665.3
664.4
724.0
724.9
724.2
729.4
932.9
940.8
949.4
963.7
5.4
-34.0
-48.8
-47.0
-53.8
162.5
162.7
171.0
151.4
978.5
989.6
1,001.6
1,019.8
18.4
24.2
33.1
14.4
-61.2
-57.0
-53.9
-54.0
169.5
166.5
173.9
185.0
196.5
211.5
218.0
205.2
230.7
223.5
227.8
239.0
656.1
653.3
650.4
649.7
734.9
752.7
761.7
774.0
467.8
476.2
482.0
476.8
511.3
527.4
542.1
547.8
294.9
292.5
295.5
284.9
284.9
286.2
285.8
290.3
299.7
306.1
311.4
329.1
326.3
315.1
310.9
307.5
297.7
292.7
289.3
283.6
290.7
290.6
280.3
275.8
345.2
347.1
354.3
356.9
358.4
360.7
361.1
366.1
367.2
365.4
368.2
373.7
657.9
656.0
648.5
649.5
1,990.3
1,982.1
1,979.3
1,962.3
1,978.2
2,012.0
2,041 .9
2,084.9
-.5
1.8
-2.2
-1.5
1,991.1
2,018.9
2,048.4
2,090.1
34.0
23.4
24.6
18.6
31.9
23.8
21.9
2.2
2.7
5.2
4.1
5.6
566.9
622.4
667.9
686.8
682.0
284.8
295.8
306.0
320.8
331.0
355.2
373.0
384.9
377.3
376.1
383.6
388.3
266.4
268.4
265.0
262.8
GNP
1 ,939.6
1 ,982.8
2,037.1
2,143.3
2,231.9
2,358.2
124.5
143.7
153.7
177.7
189.2
196.4
207.8
230.2
244.4
238.4
289.9
304.1
304.1
342.1
427.7
454.6
484.7
507.1
525.7
545.4
Final
Gross
sales of domesdomestic purtic prod- chases
uct
GDP
1 ,950.6
1 ,978.5
2,029.3
2,138.6
2,221.4
2,338.1
118.1
125.7
130.0
140.2
147.8
161.3
161.9
173.7
210.3
234.4
4.6
1.1
2.5
1.9
151.1
166.1
174.2
181.0
193.1
197.1
197.6
204.2
1,915.2
1,962.7
2,016.6
2,112.5
2,199.6
2,324.9
2,445.4
2,579.5
2,657.5
2,773.2
2,848.2
Gross
national
product
101.8
115.4
16.9
15.4
13.9
16.4
14.4
-4.0
Final
Gross
sales of domesdomes- tic purtic prodchases
uct
105.5
107.7
112.9
102.1
103.4
107.3
113.6
112.6
116.8
118.7
105.2
121.0
119.0
127.1
-5.2
-6.1
-1.6
Percent change from preceding
pe OQ
Government purchases
8.1
7.2
117.6
109.4
110.1
120.6
135.0
142.1
-9.3
116.7
119.1
120.1
125.0
127.3
129.7
131.3
133.0
137.8
140.6
144.8
139.4
1972: 1
II
Ill
IV
Net
1164
1,273.5
1,287.0
1,298.2
1,314.3
1,322.5
1,332.3
1,350.7
1,362.0
1,388.0
1,409.3
1,433.8
1,437.6
1,463.4
1,480.9
1,503.1
1,540.6
1963: I
II
Ill
IV
1964: 1
II
Ill
IV
CBI
194.8
170.2
2,103.8
2,125.7
2,142.6
2,140.2
2,170.9
2,199.5
2,237.6
2,254.5
2,311.1
2,329.9
2,357.4
2,364.0
2,410.1
2,442.8
2,485.5
2,543.8
1962: 1
II
Ill
IV
Residential
Net exports
313.9
315.5
316.7
321.7
3,018.9
3,065.5
3,092.7
3,161.0
3.3
4.8
1.1
8.0
5.5
7.2
9.7
5.6
6.7
2.9
.7
-1.3
-1.0
-1.2
5.1
-3.0
4.9
7.5
7.0
10.9
-i!e
4.2
_ E
10.7
3.1
4.9
.9
8.4
5.6
6.9
9.3
-1.8
-1.3
-1.5
-1.4
-1.1
5.1
—2 7
-3.2
9.6
.6
2.5
2.0
4.3
1.7
2.7
4.4
9.1
2.6
2.2
2.9
8.3
7.1
4.8
6.5
6.5
6.3
3.6
9.1
9.2
6.4
4.3
6.4
-.9
5.0
10.1
.8
2.2
2.2
8.4
7.0
5.0
6.4
SURVEY OF CURRENT BUSINESS
September 1992 • 43
Table 2.—Gross Domestic Product in Constant Dollars—Continued
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
1982: 1
||
III
IV
1983: 1
II
III
IV
1984: 1
II
Ill
IV
1985: 1
II
Ill
IV
1986: 1
II
Ill
IV
1987: I
II
Ill
IV
1988: I
II
Ill
IV
3,253.3
3,267.6
3,264.3
3,289.1
3,259.4
3,267.6
3,239.1
3,226.4
3,154.0
3,190.4
3,249.9
3,292.5
3,356.7
3,369.2
3,381.0
3,416.3
3,466.4
3,525.0
3,574.4
3,567.2
3,591.8
3,707.0
3,735.6
3,779.6
3,780.8
3,784.3
3,807.5
3,814.6
3,830.8
3,732.6
3,733.5
3,808.5
3,860.5
3,844.4
3,864.5
3,803.1
3,756.1
3,771.1
3,754.4
3,759.6
3,783.5
3,886.5
3,944.4
4,012.1
4,089.5
4,144.0
4,166.4
4,194.2
4,221.8
4,254.8
4,309.0
4,333.5
4,390.5
4,387.7
4,412.6
4,427.1
4,460.0
4,515.3
4,559.3
4,625.5
4,655.3
4,704.8
4,734.5
4,779.7
1989: 1
II
Ill
IV
4,817.6
4,839.0
4,839.0
4,856.7
1990: I
II
Ill
IV
4,890.8
4,902.7
4,882.6
4,833.8
4,796.7
4,817.1
4,831.8
4,838.5
1973: 1
II
Ill
IV
1974: 1
II
Ill
IV
1975: I
||
III
IV
1976: 1
II
Ill
IV
1977: 1
II
Ill
IV
1978: 1
II
Ill
IV
1979: 1
II
Ill
IV
1980: I
II
III
IV
1981: I
II
Ill
IV
1991: 1
II
Ill
IV
2,063.9
2,062.0
2,073.7
2,067.4
2,050.8
2,059.0
2,065.5
2,039.9
2,051.8
2,086.9
2,114.4
2,137.0
2,179.3
2,194.7
2,213.0
2,242.0
2,271 3
2,280.8
2,302.6
2,331.6
2,347.1
2,394.0
2,404.5
2,421.6
2,437.9
2,435.4
2,454.7
2,465.4
2,464.6
2,414.2
2,440.3
2,469.2
2,475.5
2,476.1
2,487.4
2,468.6
2,484.0
2,488.9
2,502.5
2,539.3
2,556.5
2,604.0
2,639.0
2,678.2
2,703 8
2,741.1
2,754.6
2,784.8
2,824.9
2,849.7
2,893.3
2,895.3
2,922.4
2,947.9
2,993.7
3,012.5
3,011.5
3,046.8
3,075.8
3,074.7
3,128.2
3,147.8
3,170.6
3,202.9
3,203.6
3,212.2
3,235.3
3,242.0
3,259.5
3,260.1
3,273.9
3,248.0
3,223.5
3,239.3
3,251.2
3,249.0
Durable
goods
Nondurable
goods
253.4
248.2
245.9
239.0
230.9
233.5
235.3
209.1
214.6
218.5
233.3
240.7
254.0
254.4
256.2
261.0
2723
278.1
282.1
287.3
279.0
300.4
295.2
297.0
293.8
285.9
292.4
283.8
279.7
246.3
258.4
266.6
274.4
262.6
271.3
250.0
259.3
258.6
260.0
272.3
274.3
294.0
303.3
319.1
329.6
339.0
337.6
347.7
360.1
364.4
386.4
369.6
378.9
390.2
423.1
415.7
389.4
403.1
417.7
404.7
425.1
426.9
423.8
439.2
435.2
440.2
450.6
436.8
453.5
439.2
437.7
426.6
412.0
411:3
419.4
416.1
780.7
773.7
780.5
776.7
766.3
761.2
760.7
750.9
752.1
767.1
773.5
775.6
789.2
799.3
805.2
811.6
8178
815.7
816.7
829.2
833.5
840.9
848.0
856.9
860.5
856.6
863.5
870.8
869.2
857.4
855.3
859.9
867.3
868.6
867.9
868.1
867.6
867.7
872.7
880.7
885.2
893.8
907.1
915.2
9206
936.2
938.5
942.9
949.2
955.6
961.3
968.7
980.8
990.2
992.3
1,000.9
1,005.6
1,011.3
1,012.9
1,014.6
1,023.5
1,031.0
1,039.3
1,046.8
1,048.1
1,047.0
1,052.6
1,058.9
1,058.3
1,057.1
1,059.1
1,051.6
1,043.0
1,046.3
1,044.8
1,035.6
Services
1,029.7
1,040.1
1,047.3
1,051.6
1,053.6
1,064.3
1,069.5
1,079.9
1,085.0
1,101.3
1,107.6
1,120.6
1,136.1
1,141.0
1,151.6
1,169.4
1,181.2
1,187.0
1,203.8
1,215.1
1,234.6
1,252.8
1,261.3
1,267.7
1,283.6
1,292.8
1,298.7
1,310.9
1,315.6
1,310.4
1,326.6
1,342.8
1,333.8
1,344.9
1,348.2
1,350.6
1,357.1
1,362.6
1,369.8
1,386.2
1,396.9
1,416.1
1,428.6
1,443.9
1 ,453.6
1,465.8
1,478.6
1,494.2
1,515.5
1,529.8
1,545.6
1,557.1
1,562.8
1,567.5
1,578.3
1,595.8
1,616.5
1,632.4
1,645.2
1,655.5
1,679.6
1,690.0
1,707.5
1,716.9
1,720.3
1,725.1
1,732.2
1,746.3
1,747.7
1,763.7
1,777.1
1,769.8
1,768.5
1,781.8
1,787.0
1,797.4
Total
586.8
596.3
580.0
603.6
565.1
554.6
528.5
523.7
419.8
411.3
451.7
467.7
509.4
521.8
519.2
532.1
563.6
602.7
628.3
607.1
625.4
663.6
676.2
693.1
679.0
682.3
666.5
651.1
6504
577.5
544.3
605.5
643.8
627.0
644.5
609.1
553.9
559.5
545.0
503.5
519.7
588.0
620.8
669.5
739.9
760.6
773.1
756.4
732.6
748.4
739.6
763.1
776.4
746.3
711.7
705.9
729.3
735.7
738.4
793.8
756.9
769.4
782.2
785.0
802.9
794.5
769.0
769.5
763.0
770.2
743.1
680.0
646.0
649.5
672.0
676.9
Nonresidential
Residential
344.3
357.7
363.1
364.3
364.0
363.3
354.9
343.7
320.7
312.4
315.5
318.5
323.6
324.9
330.8
335.7
351.6
360.5
366.6
378.5
383.1
411.0
423.0
434.3
444.1
442.9
454.7
453.4
4577
430.7
428.2
434.7
444.9
450.9
461.6
462.5
453.6
440.1
424.8
417.2
403.1
407.6
423.0
449.6
463.7
487.2
500.4
509.6
518.8
525.8
517.2
525.5
513.2
500.1
492.5
495.5
481.1
490.7
508.6
510.6
517.7
531.4
535.2
538.8
539.5
542.2
541.8
536.7
544.8
535.6
542.9
529.3
507.0
503.0
498.7
492.1
211.2
200.5
192.1
182.6
169.3
161.5
156.0
135.6
31.3
38.1
24.8
56.7
31.9
29.8
17.6
44.4
-5.3
-4.5
-9.2
127.0
129.4
138.2
144.3
159.0
163.6
161.2
181.8
187.1
207.9
207.7
204.8
206.3
215.6
217.9
218.2
-28.0
-30.6
23.3
32.7
18.4
18.2
36.0
36.9
35.3
40.6
-27.8
-25.2
-22.5
-35.9
-46.8
-26.5
-26.9
-19.2
213.2
209.8
206.7
199.7
21.7
29.7
-17.3
-20.4
1856
150.4
153.4
170.0
166.2
160.2
147.3
132.5
124.8
120.8
119.5
131.2
150.1
170.5
185.7
190.6
196.4
202.4
199.7
198.8
199.0
198.9
202.7
207.4
215.0
228.0
231.3
230.5
225.7
227.7
224.3
223.3
220.0
222.0
223.5
225.3
222.2
215.4
211.2
208.0
210.7
201.8
189.1
177.5
164.1
166.9
172.6
177.3
CBI
-2.0
4.9
26.9
33.3
27.2
14.7
24.9
34.3
54.0
23.8
5.0
-2.0
7.1
Net
^9.7
-36.6
-26.1
-23.9
2.6
2.8
-6.2
-8.3
-13.7
-7.3
2.8
-37.2
.8
11.1
33.1
47.0
31.5
32.6
15.8
35.7
14.1
29.0
27.9
20.9
10.0
-3.6
-24.4
-1.5
.7
-44.9
-33.5
9.9
12.1
29.3
79.9
71.0
73.0
47.9
14.8
23.7
19.8
30.2
48.1
18.2
-12.0
-20.1
22.5
17.3
5.4
59.9
19.2
16.1
23.5
20.9
41.2
36.9
16.0
24.9
7.5
32.8
11.2
-26.8
-25.1
-20.4
.6
7.5
NOTE.—GDP=Gross domestic product; CBUChange in business inventories; GNP=Gross national product
Net exports
Gross private domestic investment
3.5
3.5
-17.7
-19.0
-28.0
-45.9
-67.0
-83.7
-108.4
-121.0
-127.2
-131.4
-127.1
-149.2
-149.6
-155.4
-143.1
-157.1
-164.3
-156.0
-150.0
-146.3
-139.8
-136.0
-113.4
-98.1
-101.9
-102.7
-79.8
-70.0
-77.5
-67.4
-58.4
-56.9
-59.3
-32.7
-17.9
-17.4
-31.6
-20.5
Exports
Imports
200.7
209.2
212.4
219.0
229.0
240.2
230.4
237.8
233.9
227.7
229.7
240.2
238.9
239.9
246.4
248.4
244.0
250.8
250.5
242.1
248.7
271.6
274.5
286.0
286.5
284.9
292.9
309.9
250.3
245.9
238.5
242.9
234.3
244.7
239.6
235.1
210.7
195.0
211.4
222.0
236.0
246.1
254.7
262.1
271.8
276.0
273.0
277.9
295.6
298.1
301.4
305.2
303.8
305.3
300.2
307.1
3196
3085
290.0
273.1
287.9
299.0
304.1
302.3
311.1
323.0
320.1
319.5
328.1
332.0
323.3
321.1
306.1
306.5
293.9
280.4
282.5
283.7
286.1
291.5
298.0
303.9
308.2
312.8
310.9
309.8
304.3
312.0
320.9
323.9
330.6
• 342.9
342.1
356.5
371.5
386.1
407.1
417.2
424.1
438.2
454.5
472.0
472.9
487.7
500.2
508.7
508.4
522.6
515.9
536.1
544.2
561.4
Percent change from preceding
neriod
Government purchases
302.6
302.9
311.5
299.4
310.5
329.5
353.1
375.1
406.3
424.9
435.4
444.2
438.1
459.0
454.0
467.4
464.0
480.9
494.9
498.9
492.1
502.7
511.3
522.1
520.5
515.2
526.1
540.9
534.3
541.9
550.5
555.0
558.6
565.6
567.7
555.3
533.8
553.5
575.8
581.8
Total
652.3
645.9
636.8
642.0
648.8
658.6
654.2
660.1
659.2
659.5
665.4
669.7
665.1
658.9
657.0
655.9
659.2
666.7
666.0
664.3
666.1
675.9
681.8
684.1
681.2
687.0
693.6
695.3
7047
707.9
701.9
702.2
712.2
713.4
711.7
715.5
714.7
719.2
724.6
735.9
735.3
740.4
751.5
748.1
754.1
763.3
766.0
784.3
791.5
805.8
825.7
830.5
834.9
850.6
871.6
864.8
869.1
879.0
884.9
893.0
883.7
885.6
883.7
894.5
890.8
902.3
912.2
912.6
926.8
929.4
924.8
938.5
945.1
945.6
940.2
933.1
Federal
276.9
270.0
256.8
257.7
260.0
264.0
260.1
266.2
262.0
261.5
262.6
264.6
258.6
258.1
257.7
258.2
2594
264.2
264.3
264.3
263.5
270.4
270.3
270.1
270.4
269.9
273.5
272.9
281.0
288.2
285.6
284.4
290.6
297.3
297.5
297.9
299.5
301.6
307.0
316.0
315.5
319.2
326.3
322.2
323.8
329.6
328.7
341.7
343.4
350.0
363.5
363.7
359.4
369.7
385.5
377.5
376.8
384.5
386.8
391.6
379.7
377.2
373.7
378.4
370.1
376.9
381.5
376.1
383.4
385.4
378.3
387.3
394.1
393.8
387.2
378.2
State
and
local
375.3
375.9
380.0
384.2
388.8
394.6
394.1
393.9
397.1
398.0
402.8
405.1
406.5
400.8
399.3
397.7
399.9
402.5
401.7
400.0
402.6
405.4
411.5
414.0
410.8
417.1
420.1
422.4
4237
419.7
416.2
417.8
421.6
416.2
414.2
417.5
415.2
417.6
417.6
419.9
419.8
421.2
425.3
425.9
430.4
433.7
437.3
442.6
448.1
455.8
462.2
466.7
475.4
480.9
486.0
487.3
492.3
494.6
498.1
501.4
503.9
508.3
510.0
516.1
520.7
525.4
530.7
536.5
543.4
544.0
546.5
551.2
551.0
551.8
553.0
554.9
Final
Gross
sales of domesdomes- tic purtic prod- chases
uct
3,222.0 3,303.0
3,229.5 3,304.2
3,239.6 3,290.4
3,232.4 3,313.0
3,227.6 3,264.7
3,237.8 3,272.1
3,221.4 3,248.3
3,182.0 3,223.7
3,181.9 3,130.7
3,221.0 3,157.7
3,251.8 3,231.5
3,287.7 3,274.4
3,329.8 3,353.8
3,335.9 3,375.4
3,353.7 3,389.3
3,401.6 3,430.0
3,441 5 3,494.1
3,4907 3,550.2
3,520.4 3,596.9
3,543.4 3,603.0
3,555.8 3,638.6
3,670.1 3,733.5
3,700.3 3,762.5
3,739.0 3,798.8
3,759.1 3,798.1
3,754.6 3,804.7
3,802.5 3,814.8
3,816.7 3,811.9
3,823.7 3,819.7
3,736.2 3,699.5
3.770.7 3,686.5
3,807.7 3,776.9
3,827.9 3,831.5
3,828.6 3,816.5
3,828.8 3,843.6
3,789.0 3,793.1
3,780.6 3,752.6
3,772.6 3,767.6
3,753.7 3,772.1
3,804.5 3,778.6
3,817.0 3,811.5
3,876.6 3,932.3
3,932.3 4,011.4
3,982.8 4,095.8
4,009.6 4,197.9
4,073.1 4,265.0
4,093.5 4,293.6
4,146.2 4,325.5
4,207.1 4,349.0
4,231.0 4,404.0
4,289:2 4,458.6
4,303.3 4,488.9
4,342.4 4,533.6
4,369.5 4,544.7
4,424.7 4,577.0
4,447.2 4,583.1
4,437.5 4,610.0
4,497.9 4,661.6
4,553.9 4,699.1
4,565.6 4,761.5
4,636.2 4,768.7
4,688.7 4,802.8
4,710.9 4,836.4
4,758.7 4,882.4
4,776.3
4,802.0
4,823.0
4,831.8
4,883.3
4,870.0
4,871.4
4,860.6
4,821.8
4,837.4
4,831.2
4,830.9
4,897.3
4,908.9
4,916.5
4,924.1
4,949.2
4,959.7
4,941.9
4,866.5
4,814.6
4,834.4
4,863.4
4,858.9
Gross
national
product
3,279.4
3,295.6
3,297.2
3,322.1
3,298.4
3,304.4
3,272.2
3,254.6
3,177.4
3,213.9
3,275.5
3,323.6
3,386.8
3,400.5
3,412.7
3,448.9
3 503.9
3i561.8
3,610.8
3,599.3
3,629.1
3,737.9
3,769.8
3,819.3
3,821.2
3,829.8
3,862.0
3,868.3
38846
3,782.3
3,780.5
3,846.2
3,901.6
3,882.8
3,904.9
3,848.5
3,793.0
3,810.3
3,789.4
3,791.7
3,816.5
3,916.7
3,978.8
4,046.6
4,119.1
4,169.4
4,193.0
4,216.4
4,238.1
4,270.5
4,321.8
4,349.5
4,406.4
4,394.6
4,422.3
4,430.8
4,463.9
4,517.8
4,563.6 ;
4,633.0
4,667.1
4,710.3
4,738.7
4,789.0
4,830.7
4,851 .6
4,853.4
4,875.1
4,907.8
4,915.5
4,898.9
4,861.4
4,822.0
4,831.8
4,843.7
4,848.2
GDP
10.2
1.8
-.4
3.1
-3.6
1.0
-3.4
-1.6
Final
Gross
sales of domesdomes- tic purtic prodchases
uct '
7.9
.9
1.3
-.9
-.6
1.3
-2.0
-4.8
9.4
.1
-1.7
2.8
-5.7
.9
4.8
5.8
3.4
2.6
2.8
1.4
4.0
-9.9
.1
8.3
5.6
-1.7
2.1
-6.2
-4.9
1.6
-1.8
.6
2.6
11.3
6.1
7.0
7.9
5.4
2.2
2.7
2.7
3.2
5.2
2.3
13.5
3.3
4.2
2.2
-.5
5.2
1.5
.7
-8.8
3.7
4.0
2.1
.1
0
-4.1
-.9
-.8
-2.0
5.5
1.3
6.4
5.9
5.2
2.7
6.5
2.0
5.2
6.0
2.3
5.6
1.3
3.7
2.5
5.1
2.0
5.4
-.3
2.3
1.3
3.0
5.1
4.0
5.9
2.6
4.3
2.5
3.9
-.9
5.6
5.1
1.0
6.3
4.6
1.9
4.1
3.2
1.8
0
1.5
1.5
2.2
1.8
.7
2.8
1.0
-1.6
-3.9
-3.0
1.7
1.2
.6
4.3
-1.1
.1
-.9
-3.2
1.3
-.5
0
.7
-9.2
6.0
6.9
5.7
-.8
3.1
4.8
.1
.4
2.5
.7
17
-2.8
-11.0
3.5
9.7
5.4
2.6
1.7
4.9
77
6.6
5.4
.7
13.5
2.0
.2
3.1
-3.8
-2.1
8.0
1.5
1.4
4.2
4.7
7.7
5.3
10.6
-2.9
-3.0
0
5.0
3.9
4.5
5.2
.7
2.2
5.8
-8.7
GNP
10.1
10.8
3.1
3.9
-.1
.7
1.1
-.3
.8
-12.0
-1.4
10.2
5.9
-1.6
2.9
-5.2
-4.2
1.6
.5
.7
3.5
13.3
8.3
8.7
10.4
6.5
2.7
3.0
2.2
5.2
5.1
2.7
4.0
1.0
2.9
.5
2.4
4.6
3.3
5.4
4.7
7.9
6.0
7.8
1.6
1.4
4.3
6.5
6.8
5.6
-1.3
3.4
12.5
3.5
5.4
.2
.9
3.4
.7
17
-10.1
-.2
7.1
5.9
-1.9
2.3
-5.7
-5.6
1.8
-2.2
.2
2.6
10.9
6.5
7.0
7.4
5.0
2.3
2.3
2.1
3.1
4.9
2.6
5.3
-1.1
2.5
.8
.6
2.9
2.8
3.9
3.0
4.9
4.1
6.2
3.0
3.8
2.4
4.3
1.2
1.0
.6
.6
3.5
1.7
.1
1.8
2.1
.9
2.7
.6
-1.4
-6.0
-1.3
-3.0
-4.2
-3.2
1.7
2.4
-.4
.8
1.0
.4
SURVEY OF CURRENT BUSINESS
44 • September 1992
Table 3.—Price Indexes and the Gross Domestic Product Implicit Price Deflator
[Index numbers, 1987=100; quarterly data are seasonally adjusted]
Percent change from
preceding period
Fixed-weighted price indexes
Year and
quarter
Personal consumption expenditures
GDP
Total
Durable
goods
Nondurable goods
Government purchases
Fixed investment
Exports
Services
Total
Nonresidential
Imports
Total
Residential
Federal
Final sales
of domesState and
tic product
GDP IPD
FWPI
GDP
local
PCE
1959
30.4
54.4
31.4
23.9
25.0
24.6
28.6
21.5
25.6
1960
54.1
31.8
32.0
32.1
32.5
32.8
24.5
25.0
25.3
25.7
26.1
25.1
25.1
25.0
24.7
24.9
25.1
25.5
26.3
26.8
27.3
29.0
29.3
30.0
30.6
31.3
22.1
22.5
23.4
23.8
24.2
26.0
26.3
26.9
27.2
27.7
1.3
.8
.6
.9
1.1
25.5
26.4
27.2
28.6
30.6
27.9
29.0
30.2
31.8
33.7
32.0
32.8
33.9
35.6
37.4
24.8
26.0
27.4
28.4
29.4
1.0
1.8
2.6
3.8
3.8
36.2
38.6
41.1
43.7
40.2
1963
1964
30.8
31.1
31.3
31.6
31.9
1965
1966
1967
1968
1969
32.2
32.8
33.7
35.0
36.3
52.1
51.3
51.8
53.1
54.2
33.3
34.3
35.1
36.5
38.1
26.7
27.4
28.3
29.6
30.7
1970
1971
1972
37.9
39.5
40.8
42.7
46.7
55.1
56.7
57.1
39.9
41.1
42.4
32.4
31.7
57.8
61.0
45.3
51.3
34.3
35.9
37.4
33.5
35.5
38.6
42.7
50.5
53.3
56.7
60.7
66.0
69.1
71.7
75.2
55.3
57.5
60.8
64.7
43.7
46.9
50.5
54.6.
46.7
49.7
54.7
61.4
65.8
80.0
71.3
59.0
84.8
88.1
91.1
72.6
78.9
83.2
86.7
89.9
84.7
89.5
92.4
93.7
94.9
79.6
86.0
88.8
91.1
93.7
65.3
71.9
77.4
82.4
86.4
95.6
94.8
94.7
100.3
94.3
97.0
93.3
96.1
96.0
97.1
96.2
96.1
90.9
95.8
100.0
103.9
108.6
100.0
104.3
109.5
100.0
102.0
104.5
100.0
103.8
109.5
113.5
118.1
115.3
120.4
106.3
108.9
30.3
30.4
54.2
54.4
54.4
54.4
31.6
30.6
30.8
30.9
31.0
54.3
54.3
54.1
31.6
31.8
24.2
24.4
31.9
53.8
'32.0
24.6
24.8
31.1
31.1
53.9
53.9
53.9
53.7
32.0
31.9
32.0
31.9
24.9
24.9
31.3
31.3
31.4
53.5
53.4
53.3
53.1
32.0
32.1
||
31.4
31.5
53.0
53.0
III
IV
31.6
31.7
53.1
53.2
31.8
31.9
31.9
32.0
1965' I
1966' I
1961
1962
1973
1974
1975
1976
1977
1978
1979
.. ..
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
53.8
53.4
53.1
53.1
40.3
46.9
42.9
46.0
48.4
50.2
30.3
31.8
33.4
28.9
30.8
33.1
35.3
37.3
40.1
44.3
35.2
37.1
38.8
41.3
44.9
4.4
4.4
3.3
4.6
9.3
49.2
52.3
55.9
60.3
65.5
8.1
5.6
6.4
7.0
8.5
54.6
57.3
60.4
64.1
68.2
51.4
54.4
57.7
61.7
66.8
68.9
48.9
52.1
55.7
59.9
65.1
98.3
96.8
75.3
81.3
85.3
87.3
89.8
73.3
79.6
85.0
88.5
92.2
75.2
82.3
88.5
92.2
95.6
71.9
77.6
82.3
85.5
89.6
95.7
97.9
97.3
98.8
92.1
95.8
98.2
97.3
94.6
93.8
95.4
97.9
99.0
93.5
96.5
94.4
97.6
97.0
96.9
100.0
105.1
110.7
100.0
103.3
106.3
100.0
102.8
105.6
100.0
104.3
107.8
100.0
105.7
108.2
100.0
105.4
108.5
100.0
103.7
107.9
100.0
102.8
107.1
100.0
104.3
108.6
100.0
104.0
108.7
116.2
120.5
116.9
123.1
109.1
110.8
108.3
110.4
110.8
111.8
110.1
112.4
112.6
113.7
113.6
118.2
31.2
31.3
31.5
23.8
100.4
101.2
99.7
97.7
96.8
99.9
84.9'
88.2
91.2
71.7
78.9
83.8
87.2
91.0
10.3
3.9
3.4
8.6
5.4
4.3
3.7
100.0
103.9
108.5
3.5
2.8
3.1
3.9
4.4
3.8
3.0
4.1
4.3
4.9
113.2
117.8
4.5
4.0
5.3
4.4
94.4
112.5
116.5
112.0
116.7
112.9
116.4
24.9
25.0
25.0
25.0
24.4
28.4
24.5
24.6
24.7
28.5
28.7
28.7
21.3
21.4
21.5
21.6
25.6
25.7
25.8
1.0
1.8
1.4
25.0
25.1
25.1
25.1
24.9
25.0
25.2
25.3
28.8
28.8
29.2
29.2
21.9
22.0
22.1
22.3
26.0
26.0
26.1
26.0
.4
2.1
1.6
1.0
25.1
25.1
25.1
25.0
25.2
25.5
25.5
25.7
29.1
29.3
29.3
29.4
22.2
25.0
25.1
26.1
26.2
26.4
.8
-.1
.9
25.1
25.0
25.0
32.3
25.5
24.9
26.1
26.2
26.3
26.5
29.8
29.8
29.9
30.4
23.3
23.4
23.4
23.4
26.7
26.8
322
25.1
25.3
25.4
26.9
27.0
.5
1.4
.8
.8
32.3
32.4
24.9
24.8
24.5
24.7
26.7
26.7
26.8
27.0
30.5
30.6
30.5
30.9
23.7
23.7
32.5
32.6
25.6
25.7
25.8
25.9
27.1
27.1
27.2
27.4
.5
.6
1.6
1.2
53.3
53.1
53.0
52.8
32.8
32.8
32.8
32.9
26.0
26.1
26.2
26.3
24.4
24.8
24.9
25.4
27.1
27.3
27.4
27.5
30.9
31.2
31.4
31.5
24.1
24.2
24.3
24.4
27.5
27.6
27.7
27.9
1.6
.4
.8
1.0
32.1
32.2
32.3
32.3
52.8
52.5
52.0
51.3
33.1
33.3
33.4
33.5
26.5
26.6
26.7
26.9
25.3
25.4
25.3
26.0
27.6
27.7
28.0
28.3
31.6
31.7
32.1
32.4
24.5
24.7
24.8
25.1
28.2
28.3
28.5
28.7
1.3
1.2
.8
.2
32.5
32.7
33.0
33.2
51.1
51.2
51.4
33.9
34.1
34.4
25.7
26.5
26.4
28.6
51.5
34.6
27.0
27.2
27.5
27.8
32.5
32:8
32.9
33.1
25.5
25.8
26.2
26.5
29.0
29.3
29.5
29.9
2.0
2.8
3.2
3.0
33.3
33.5
33.8
34.1
51.5
51.6
51.9
52.4
34.8
34.9
35.3
35.5
28.0
28.2
27.0
27.0
27.2
29.8
30.0
30.3
30.8
33.4
33.7
34.0
26.9
27.2
27.5
30.0
30.1
30.4
34.6
27.8
30.8
1.7
2.1
3.6
3.5
34.5
34.8
35.1
35.5
52.7
52.9
53.2
35.9
36.3
36.7
29.1
29.4
29.7
28.2
28.4
28.4
37.1
30.0
29.5
35.0
35.3
36.0
36.4
28.3
28.7
29.0
53.6
31.2
31.5
32.0
32.5
31.2
31.6
32.0
32.4
4.2
4.0
3.8
3.7
35.7
37.4
30.2
30.1
32.8
36.6
29.9
32.7
36.1
36.5
36.8
53.8
54.2
54.3
54.6
37.9
38.4
30.5
30.7
31.2
33.3
34.0
34.5
36.9
37.8
38.2
30.5
31.0
31.6
33.2
33.7
38.8
30.5
30.9
31.3
34.0
2.9
4.4
4.1
4.4
1970' I
37.3
37.6
38.0
38.6
54.6
54.8
55.1
55.9
39.3
39.8
40.1
40.5
31.7
32.1
32.5
33.1
31.1
32.3
31.5
31.8
35.3
35.9
36.5
37.0
39.3
39.9
40.5
40.9
32.2
32.8
33.4
34.5
35.1
35.3
35.7
4.4
4.2
4.2
5.8
1971- 1
39.0
39.4
56.6
56.9
56.8
40.6
41.0
41.3
33.6
34.1
32.6
33.3
33.9
34.4
37.8
38.4
42.0
42.6
43.2
34.6
35.2
36.4
4.0
4.7
3.8
2.2
34.9
35.0
35.6
40.4
45.3
40.8
41.2
36.6
42.0
45.6
46.0
47.0
1990
1991
1959- |
||
III
30.5
30.6
IV
1960' I
||
Ill
IV
196V
I .
||
.
Ill
IV
1962- 1
||
III
IV
1963' I
1964' I
II
III
IV
II
III
IV
H
III
IV
1967' I
||
III
IV
1968' I
II
III
IV
1969' I
II
III
IV
||
III
IV
II
III
IV
31.1
31.1
31.2
23.9
24.0
24.1
28.5
28.7
56.5
41.6
34.6
35.0
II
40.4
40.7
56.9
57.1
42.0
35.4
HI
IV ..."'.
41.0
41.3
57.3
57.1
42.2
42.5
43.0
36.0
36.4
1972' I
39.8
40.0
35.7
26.9
27.7
28.9'
29.1
29.4
38.9
39.4
43.9
25.4
22.5
22.6
22.8
23.9
24.0
29.5
33.9
35.6
35.9
36.6
37.0
37.6
38.2
26.5
ZIII
37.0
37.4
37.7
38.2
38.6
39.0
39.6
4.4
2.2
3.2
3.1
September 1992 •
SURVEY OF CURRENT BUSINESS
45
Table 3.—Price Indexes and the Gross Domestic Product Implicit Price Deflator—Continued
[Index numbers, 1987=100; quarterly data are seasonally adjusted]
Percent change from
preceding period
Fixed-weighted price indexes
Year and
quarter
Personal consumption expenditures
GDP
Total
1973' I . ...
Durable
goods
Fixed investment
Services
||
41.7
42.4
57.4
57.7
43.6
44.8
36.6
37.1
III
IV
43.0
43.8
57.9
58.1
45.8
47.0
44.9
46.1
47.3
48.5
58.6
59.8
61.9
63.6
49.0
50.7
49.4
50.0
50.9
51.7
64.5
65.7
66.3
67.3
1976' I
If
Ill
52.3
52.8
53.7
68.1
68.7
69.4
IV
54.5
55.4
56.3
57.2
58.0
1974- I
II
Ill
IV
1975: 1
||
III
IV •
19771 1
||
Ill
IV
1978: 1
II
.
...
III ..
IV
1979: 1
II
III ... .
IV
1980: 1
||
Ill
.
IV
1981' I
II
III
IV
Government purchases
Exports
Non-
durable
goods
Total
Nonresidential
Total
Residential
42.8
43.4
37.7
38.3
37.1
38.1
39.3
40.0
39.1
39.9
40.8
41.6
41.0
42.0
43.3
44.5
54.7
55.7
42.6
43.3
44.1
56.5
44.9
45.6
46.4
46.9
47.7
45.6
46.3
47.3
48.2
48.0
49.4
70.3
56.7
57.0
57.7
58.4
70.9
71.2
71.8
72.7
59.4
60.5
61.3
61.9
49.1
50.0
51.0
51.9
52.4
58.9
60.2
61.3
62.3
73.5
74.6
75.9
77.0
62.8
64.2
65.4
66.5
53.0
54.1
55.2
56.2
58.7
60.6
62.4
63.9
63.6
65.1
66.6
68.1
78.3
79.8
80.4
81.4
68.2
70.3
72.4
57.1
58.2
59.6
61.1
70.1
71.8
73.5
75.0
82.9
84.2
85.4
- 80.5
86.5
82,2
62.8
64.5
66.2
67.8
76.9
78.2
79.6
80.8
87.5
89.0
84.6
85.7
90.2
91.2
86.6
91.8
92.4
88.0
88.2
89.4
52.1
53.5
54.4
74.2
77.0
78.8
87.3
43.3
44.2
45.5
46,6
50.4
54.1
50.9
51.6
52.6
54.0
54.4
55.7
47.4
48.5
49.3
50.2
48.0
48.7
49.7
53.3
54.1
54.4
56.2
57.1
57.1
51.1
51.9
52.4
51.2
51.8
52.6
55.7
59.0
53.1
53.6
4.4
4.3
6.6
6.4
56.3
57.2
59.2
59.8
60.6
62.1
54.1
54.3
55.4
56.4
57.4
6.7
6.8
6.2
5.8
60.1
61.1
62.1
63.5
62.7
63.4
58.1
59.2
60.4
61.6
58,2
59.7
60.9
62.2
6.7
8.8
7.6
7.1
65.1
67.3
69.6
71.0
64.6
65.8
67.3
69.3
66.9
67.9
69.2
71.6
62.8
64.2
65.9
67.5
63.5
64.8
66.3
67.6
8.1
9.7
9.5
9.5
72.9
74.5
76.2
77.7
71.0
72.6
73.7
72.9
74.4
76.1
69.5
71,3
72.7
74.1
69.2
70.8
72.5
74.4
12.5
10.1
74.9
78.7
79.7
80.7
77.6
78.9
80.0
79.9
81.2
82.3
82.9
82.0
85.6
75.8
77.0
78.3
79.2
76.5
77.9
79.7
81.4
10.4
81.8
83.3
84.6
86.8
88,2
80.5
81.7
53.9
55.5
57.1
58.1,
59.5
99.4
99.4
85.5
86.7
88.8
90.4
82.9
83.8
99.5
99.4
99.6
97.9
98.0
97.7
97.3
87.5
88.2
88.8
89.3
91.5
92.2
92.7
92.7
84.4
85.1
85.9
86.7
97.5
97.5
96.2
96.0
90.8
91.6
92.6
93.9
94.3
94.7
95.7
97.7
94.0
96.0
94.3
95.1
95.5
96.9
97.5
97.3
96.7
97.6
96.0
92.5
93.0
93.7
98.7
99.4
98.3
99.8
100.7
100.4
101.5
101.8
102.5
103.0
104.0
105.3
106.1
106.7
107.3
114.3
116.0
117.8
119.5
121.2
122.5
123.8
125.1
97.8
97.6
94.5
94.4
94.7
95.1
97.0
96.6
96.7
97.0
89.1
89.3
90.1
90.8
100.0
100.6
93.8
94.4
85.0
85.8
86.9
87.9
95.8
95.9
96.0
96.3
95.2
96.0
96.4
97.2
89.0
90.1
91.4
92.9
95.2
95.3
95.8
96.4
96.8
97.0
97.5
97.9
91.6
91.5
92.1
93.1
98.5
98.5
97.8
97.9
94.1
94.1
95.4
95.5
96.3
97.1
96.4
96.6
97.4
97.9
97.0
95.4
95.9
96.3
94.2
95.3
96.3
97.3
96.9
97.5
98.2
98.0
98.5
99.2
99.5
94.5
95.1
96.1
97.3
98.4
99.5
98.9
99,6
98.4
98.3
99.3
99.4
99.7
100.5
101.5
100.5
101.9
100.0
101.0
99.6
99.8
99.9
101.8
103.0
104.6
105.7
103.0
104.5
105.9
107.2
102.2
102.9
103.4
104.5
103.8
104.2
104.8
105.2
107.1
109.7
110.1
111.0
108.7
109.9
111.3
112.8
113.0
114.2
116.0
118.0
105.9
106.1
106.4
106.9
113.7
114.6
117.0
119.8
119.0
119.9
120.8
121.8
107.8
108.6
109.5
109.8
119.8
120.3
120.6
121.3
89.7
90.9
91.7
1984: 1
II
Ill
IV
90.0
90.6
91.4
94.5
94.9
95.0
95.2
93.0
93.4
92.3
88.9
89.5
90.3
91.0
1985: 1
II
Ill
IV
93.2
93.9
94.6
95.5
91.9
92.8
93.7
94.8
1986: 1
II
III
IV
96.0
96.6
97.3
98.0
1987: 1
II
Ill
IV
98.9
99.5
100.4
101.3
100.5
101.6
100.5
101.1
1988: 1
II
Ill
IV
102.2
103.3
104.7
105.6
102.3
103.6
105.0
106.2
100.9
101.5
102.4
103.3
1989' I
II
Ill
IV
106.9
108.2
109.2
110.1
107.5
109.1
110.0
111.2
1990: 1
II
|||
IV
111.6
112.9
114.2
115.3
1991:1
||
III
IV
116.7
117.7
118.6
119.3
89.7
92.0
99.6
64.3
65.9
84.1
10.8
11.0
10.7
10.1
8.1
4.8
7.2
6.6
50.5
55.1
56.1
57.4
103.4
101.7
100.3
86.9
86.9
87.3
88.0
93,1
93.3
93.9
94.5
50.6
51.5
101.0
100.9
100.1
99.2
98.4
85.3
86.3
87.3
88.2
3.7
6.9
6.4
7.3
42.2
43.5
45.0
46.3
95.4
94.8
94.5
94.6
92.6
92.6
87.0
87.7
88.5
89.3
PCE
49.1
49.7
80.7
81.7
82.9
84.2
83.8
84.7
1983: 1
||
III
IV
GDP
45.2
46.2
47.5
48.6
44.0
44.6
101.5
100.4
81.8
82.5
FWPI
GDP IPD
40.1
40.8
41.6
42.6
96.1
95.6
95.4
95.4
83.4
84.3
85.4
86.3
Final sales
of domestic
product
39.0
39.8
40.4
41.1
50.2
51.1
69.6
70.9
72.8
74.2
Federal
State and
local
47.6
48.0
48.8
49.2
75.5
76.6
78.2
79.6
1988: 1
II
til
IV
83.5
84.3
85.4
82.3
83.4
9.2
9.0
6.9
7.5
6.1
4.7
3.7
6.3
4.2
86.3
84.3
85.0
4.3
5.3
4.1
87.1
87.8
88.5
89.4
86.0
86.6
87.5
88.4
3.6
3.1
3.7
3.8
3.1
4.6
4.7
4.2
88.2
89.2
90.1
91.1
90.1
90.7
89.7
90.6
91.6
92.3
3.3
2.7
3.6
3.7
3.5
2.7
3.3
3.4
97.0
97.6
97.6
99.4
92.2
93.2
93.9
94.9
93.2
94.0
94.7
95.6
93.3
94.0
94.6
95.5
3.9
3.3
3.0
3.8
4.2
3.8
3.8
4.8
97.1
97.3
97.7
98.3
99.1
99.0
99.0
99.0
95.5
95.9
96.7
96.1
96,6
97.3
98.0
96.0
96.5
97.2
98.0
2.2
2.4
2.8
3.1
2.7
.3
3.5
3.2
96.8
99.6
99.0
99.7
99.7
98.8
99.5
98.8
100.1
101.8
100.8
102.8
100.4
101.0
100.0
100.1
100.2
98.5
99.4
100,6
101.5
100.3
101.3
100.3
101.2
3.4
2.8
3.3
3.6
5.6
4.4
4.3
4.5
103.3
103.9
104.5
105.4
103.0
105.6
107.1
107.0
104.0
106.0
105.0
106.4
102.4
103.3
104.1
104.9
101.9
102.6
103.0
103.7
102.8
103.8
104.9
105.8
102.2
103.3
104.7
105.7
102.1
103,2
104.5
105.5
3.6
4.5
5.4
3.7
2.7
5.2
5.3
4.6
104.7
105.3
106.0
106.6
106.6
107.8
108.2
108.8
108.1
108.5
108.1
108.1
108.3
109.4
107.9
108.7
106.7
107.6
108.2
109.2
106.1
106.8
107.3
108.3
107.2
108.2
109.0
109.8
107,0
108.2
109.2
110.2
106.9
108.1
109.1
110,1
5.0
4.7
3.7
3.6
5.2
5.9
3.5
4.3
108.2
108.6
109.4
110.0
107.3
107.7
108.6
109.4
110.2
110.6
111.3
111.2
108.9
109.2
110.3
111.8
110.9
109.3
112.6
118.5
110.9
111.7
113.0
114.4
110.4
111.2
112.6
113.9
111.2
112.1
113.3
114.8
111.7
113.0
114.3
115.4
111.3
112.6
113.9
115.0
5.4
4.6
4.7
4.1
6.4
4.4
6.4
6.8
110.5
110.6
111.2
111.1
110.1
110.2
110.6
110.7
111.4
111.6
112.5
111.9
112.4
112.3
112.1
112.8
115.4
113.0
112.8
113.7
115.5
116.0
116.9
117.7
115.5
115.9
116.9
118.3
115.5
116.2
116.9
117.2
116.8
117.8
118.7
119.4
116.5
117.5
118.2
118.9
4.7
3.5
3.0
2.4
3.4
3.3
3.0
3.1
98.8
99.8
99.6
85.1
85.8
86.2
NOTE.—GDP=Gross domestic product; PCE=Personal consumption expenditures; IPD=lmplicit price deflator;
FWPI=Fixed-weighted price index.
Imports
100.3
99.8
99.3
97,8
91.5
92.3
99.5
46 • September
SURVEY OF CURRENT BUSINESS
Table 4.—National Income and Disposition of Personal Income
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wages
and salaries
Supplements to
wages
and salaries
Proprietors' income
with IVA and
CCAdj.
Farm
25.8
27.2
28.8
31.1
12.2
12.9
13.4
14.1
55.5
55.3
56.9
57.8
31.7
31.7
32.7
33.5
13.6
14.5
14.9
15.3
57.3
60.8
62.4
64.1
32.9
34.7
35.6
36.6
15.3
15.7
16.4
16.9
67.5
67.5
69.1
68.0
39.7
39.6
40.6
40.1
17.4
17.9
18.6
18.9
-1.1
-1.5
-1.9
4.6
4.4
4.7
4.5
4.9
5.3
5.6
5.4
75.2
77.7
78.8
83.6
45.8
47.4
48.0
50.7
20.2
21.0
21,6
21.7
90.2
88.7
87.1
88.3
-1.2
-2.7
-3.6
-1.0
5.6
5.5
5.6
5.7
85.7
85.9
85.2
83.5
51.8
51.9
51.5
50.5
22.8
23.8
24.7
25.9
19.1
19.7
19.7
19.3
85.4
84.3
85.5
88.6
-1.3
-1.7
-2.8
5.5
5.6
5.9
5.9
80.3
80.0
81.3
85.5
48.1
48.1
49.1
51.4
26.7
27.6
28.5
29.4
631.1
638.6
652.3
664.0
76.0
75.7
78.9
80.8
63.3
63.8
18.5
18.3
18.2
17.9
89.5
93.1
93.2
94.5
-4.7
-2.9
-3.0
-4.1
5.7
5.7
5.5
5.6
88.5
90.3
90.6
93.0
49.9
51.0
51.2
52.7
29.9
30.5
30.5
30.7
83.3
86.7
97.1
12.8
13.7
14.5
16.8
64.4
64.8
64.9
63.9
17.9
18.3
18.1
17.8
94.2
91.4
88.9
84.0
-4.9
-5.2
-4.9
-8.4
93.0
90.2
87.2
85.8
51.7
50.0
48.4
47.4
32.2
33.1
34.2
35.0
64.5
66.0
67.8
69.0
15.5
13.5
14.2
15.0
64.0
64.6
65.8
66.9
17.6
17.7
17.4
18.3
76.3
79.8
79.4
74.5
-8.8
-4.6
-6.2
-6.6
6.2
6.4
6.6
6.5
6.2
5.7
5.4
5.2
78.9
78.7
80.2
75.9
44.7
44.4
44.9
42.1
36.7
39.0
41.4
43.1
72.2
73.9
75.9
77.7
14.7
14.2
14.6
17.5
67.9
70.1
71.9
73.8
18.0
18.5
18.4
18.0
87.3
89.2
91.1
93.7
-3.6
-4.7
-5.6
-4.5
4.8
4.9
4.9
4.6
86.1
88.9
91.7
93.6
48.8
50.7
54.2
55.7
44.3
45.3
46.0
46.2
83.6
86.5
88.9
91.3
15.0
16.6
19.9
24.9
75.3
76.3
79.6
82.2
18.6
14.2
16.9
17.4
98.8
99.1
-5.8
-5.8
-5.8
-9.0
5.2
4.6
5.3
5.9
99.4
100.4
104.3
114.0
59.4
60.1
62.8
68.3
46.5
47.9
50.1
52.5
682.4
702.0
719.6
735.4
747.4
764.9
783.8
798.7
808.1
827.9
839.0
849.0
866.3
887.8
901.3
918.7
945.0
959.7
987.3
1,029.9
50.4
52.1
53.6
55.1
12.6
12.0
12.5
13.6
57.6
59.1
61.0
62.7
III
IV
1972: 1
II
Ill
!V
955.5
971.0
1,001.6
1,043.3
454.1
465.9
478.3
489.3
499.0
511.3
526.3
536.4
545.0
549.0
555.6
556.3
570.1
580.2
588.6
598.9
617.8
630.4
642.3
664.2
1990
1991
1959: I
II
Ill
IV
1960: 1
II
III ".'.'.'".'.'.'.
IV
1961: 1
II
Ill
IV
1962: 1
II
Ill
IV
1963: 1
II
III
IV
1964: 1
II
Ill
IV
1965: I
II
Ill
IV
1968: 1
II
Ill
IV
1969: 1
II
Ill
IV
1970: 1
||
III
IV
1971:1
||
,
13.1
14.6
16.1
18.2
46.4
49.2
52.1
56.4
504.5
518.0
531.9
544.5
556.6
570.4
587.4
599.1
609.5
615.0
623.4
625.2
642.2
654.1
664.5
676.7
701.4
716.9
731.2
755.4
1985
1986
1987 .
1988
1989
11 2
.1
.4
.4
.3
3.0
3.1
3.2
3.3
3.4
3.9
4.0
4.4
715.5
733.9
749.6
764.9
778.1
791.7
808.0
816.5
819.7
829.5
841.6
843.1
874.4
891.3
906.4
925.9
'.
1980
1981
1982
1983
1984
10.2
284
10.8
10.7
11.3
11.8
12.5
12.0
12.9
13.3
1975
1976
1977
1978
1979
29.7
51 1
31.1
28.7
27.5
26.5
45.1
45.8
47.0
48.3
....
618.3
659.4
726.2
812.8
891.3
948.7
1,058.3
1,177.3
1,333.0
1,496.4
1,644.4
1,815.5
1,916.0
2,029.4
2,226.9
2,382.8
2,523.8
2 698.7
29213
3,100.2
53.4
56.1
51.7
49.4
47.3
418.8
423.5
431.9
441.5
1970
1971
1972
1973
1974
Profits
aftertax
Less:
Personal
tax and
nontax
payments
10.1
10.2
10.2
10.4
463.9
469.4
479.0
489.8
1967: I
II
Ill
IV
1965
1966
1967
1968
1969
281.2
2967
305.6
3274
345.5
371.0
399.8
443.0
475.5
524.7
578.4
CCAdj.
IVA
Profits
before
tax
Personal
income
29.6
32.2
28.9
28.3
664.8
670.7
684.7
699.3
1966: 1
II
Ill
IV
425.7
440.5
4745
501.5
539.1
586.9
643.7
679.9
741.0
798.6
833.5
899.5
992.9
1,119.5
1,198.8
1 285.3
U35.5
1,609.1
1,829.8
2,038.9
2,198.2
2,432.5
2522.5
2,720.8
3,058.3
3,268.4
3,437.9
3,692.3
4 002.6
4,249.5
4,468.3
4,544.2
402.0
414.7
409.8
414.2
426.1
425.8
426.4
424.6
425.8
435.2
444.1
456.7
465.3
471.8
477.0
483.8
488.7
497.6
504.9
514.7
526.1
534.4
544.5
551.4
568.1
579.6
590.7
609.1
628.7
637.2
648.5
660.3
Total
Net interest
53.0
57.8
51.9
50.8
3,291.2
3,390.8
274.8
281.9
282.5
285.8
294.2
297.1
297.9
297.4
298.3
302.4
307.4
314.1
320.6
326.6
329.5
333.0
337.9
342.6
347.7
353.9
360.3
367.7
375.0
381.0
387.6
394.4
402.6
414.6
426.9
438.1
449.2
457.6
410.1
1960
1961
1962
1963
1964
Corporate profits with IVA and CCAdj.
391.2
4092
426.5
4534
476.4
510.7
552.9
601.7
646.5
709.9
773.7
831.0
893.5
980.5
1,098.7
1 ,205.7
1 3073
l!4463
1,601.3
1,807.9
2,033.1
2,265.4
2,534.7
2,690.9
2,862.5
3,154.6
3,379.8
3,590.4
3,802.0
4 075.9
4,380.3
4,664.2
4,828.3
382.4
390.9
392.9
398.5
404.4
408.9
411.1
412.6
416.3
422.2
429.4
438.2
443.7
451.3
456.5
462.1
466.8
471.8
478.6
488.1
497.0
505.7
515.4
524.6
534.8
544.8
559.0
572.9
584.3
593.9
607.5
621.1
259.8
2728
280.5
299.3
314.8
337.7
363.7
400.3
428.9
471.9
518.3
551.5
584.5
638.7
708.6
772.2
814.7
899.6
994.0
1,120.9
1,255.3
1,376.6
1,515.6
1 593.3
1,684.2
1,850.0
1,986.3
2,105.4
2,261 .2
2,443.0
2,586.4
2,742.9
2,812.2
254.0
260.5
260.9
263.9
270.7
273.4
273.9
273.3
273.7
277.6
282.2
288.4
293.2
298.7
301.1
304.2
307.9
312.3
316.8
322.2
328.2
334.8
341.4
346.7
352.8
358.8
366.2
377.1
385.7
395.9
406.1
413.4
1959
Nonfarm
Rental
income
of persons
with
CCAdj.
65.1
72.1
-.3
-2
.3
0
.1
-.5
-.8
-3
.3
32
3.9
4.6
18.0
18.5
19.4
18.2
18.0
82.9
88.6
86.0
92.6
89.6
-1.2
-2.1
-1.6
-3.7
-5.9
5.3
5.6
5.7
5.6
6.4
65.3
70.9
78.3
84.3
89.8
17.8
18.2
16.8
17.3
15.8
77.5
90.3
-6.6
-4.6
-6.6
5.6
4.8
5.3
5.5
1.2
97.5
13.5
12.1
21.4
10.7
41.1
14.7
52.3
238
112
406
153
507
25.1
11.9
42.4
11 9
445
30.7
33.2
11.8
10.6
45.9
49.8
15.8
16.5
17.1
17.3
51.6
281
36.1
42.7
46.6
52.8
60.1
12.9
14.0
12.7
12.7
14.4
52.1
55.3
58.2
62.4
64.5
66.8
74.9
87.6
14.6
15.2
19.1
32.2
25.5
104.2
119.1
596
103.2
116.4
104.5
121.9
147.1
175.7
199.7
202.5
177.7
182.0
151.5
212.7
264.2
-11.0
-14.9
-16.6
-25.0
-41.6
-43.0
-25.7
280.8
271.6
319.8
365.0
362.8
361.7
346.3
.2
9.7
-14.5
-27.3
-17.5
-14.2
3.1
55.5
44.1
46.4
44.7
37.4
-.6
-1.1
134.0
158.7
183.3
212.1
241.1
267.8
299.8
322.7
345.2
376.9
396.5
418.4
437.4
478.3
513.8
548.4
578.7
23.7
18.3
17.1
21.5
24.7
41.7
35.8
114.6
129.4
146.2
157.0
160.3
159.6
157.3
184.3
214.7
238.4
261.5
279.0
293.4
307.0
325.2
332.2
20.8
21.3
21.7
21.9
11.4
10.6
10.0
10.7
40.2
41.3
41.5
41.2
14.1
14.5
14.9
15.2
51.3
56.2
50.7
50.9
23.5
23.8
24.0
24.1
10.0
11.1
11.6
12.2
40.9
40.8
40.4
40.3
15.2
15.3
15.4
15.5
54.9
50.8
49.8
47.4
24.5
24.8
25.2
25.7
12.1
11.4
11.7
12.4
41.4
42.2
42.8
43.4
15.6
15.8
15.9
16.1
46.3
50.6
52.8
56.6
27.4
27.9
28.3
28.8
12.1
11.7
11.7
12.2
43.9
44.5
44.9
44.9
16.2
16.3
16.6
16.9
59.0
58.3
59.4
61.6
30.0
30.3
30.9
31.7
11.9
11.5
11.6
12.1
45.0
45.4
46.1
47.0
17.0
17.2
17.0
17.2
61.7
65.0
66.2
67.7
32.1
32.9
33.6
34.3
10.7
10.0
10.2
11.7
48.5
49.8
50.5
50.6
17.4
17.3
17.3
17.3
71.9
71.7
72.8
71.9
34.9
35.6
36.5
37.5
11.9
12.7
13.2
13.9
51.0
51.6
52.2
53.6
17.6
18.0
18.1
18.3
79.7
81.9
82.9
87.0
41.2
42.2
43.1
44.2
15.6
13.4
13.4
13.6
54.7
54.9
55.5
56.2
18.5
18.3
18.5
18.6
57.2
57.8
59.0
58.9
60.4
11.5
21.2
13.5
2.4
21.3
21.5
22.3
31.3
30.9
40.2
,62.1
9.0
8.9
8.4
13.2
20.8
21.9
22.1
23.3
18.7
8.7
3.2
4.3
-13.5
-12.3
-10.4
-20.0
-39.5
103.8
110.9
-9.9
-6.5
-4.1
-1.0
-.3
.8
-.9
-.6
.5
.3
-.1
1.0
.3
-.2
.4
-.1
-.8
.5
1.0
.2
-.2
-.8
_2
-.1
-.9
-.7
—4
-.4
-76
-11.7
-11.0
-13.1
-17.3
-20.2
-21.2
-14.9
10.4
27.8
20.5
8.4
-.6
-.9
-.7
-.4
-.3
-.2
-.1
51.0
28.2
564
324
61.2
68.0
34.9
40.0
78.8
47.9
51.4
49.2
51.2
49.4
85.1*
81.8
90.6
89.0
78.4
90.1
104.5
130.9
142.8
140.4
1737
203.3
237.9
261.4
240.9
228.9
176.3
210.7
240.5
225.0
217.8
287.9
347.5
342.9
355.4
334.7
44.0
52.4
62.6
81.6
91.0
895
109.5
130.3
154.4
173.4
156.1
147.8
113.2
133.5
146.4
128.5
111.3
160.8
2105
201.6
218.7
210.7
21.1
24.3
28.1
,30.4
33.6
40.0
45.4
49.3
56.5
71.8
800
85!l
100.7
120.5
149.9
191.2
233.4
262.4
270.0
307.9
326.2
350.2
360.4
387.7
452.7
460.7
449.5
44.5
487
50.3
54.8
58.0
56.0
61.9
71.0
77.9
92.1
109.9
109.0
108.7
132.0
140.6
159.1
1564
182'.3
210.0
240.1
280.2
312.4
360.2
371.4
368.8
395.1
436.8
459.0
512.5
527.7
593.3
621.3
618.7
42.8
44.1
44.9
46.0
47.7
48.7
49.1
49.4
49.6
49.9
50.5
51.3
52.4
54.2
55.5
56.9
57.4
57.8
58.2
58.6
57.3
53.7
55.6
57.3
61.1
62.4
61.2
62.7
66.1
70.2
72.5
75.2
Equals:
DPI
Less:
Personal
outlays
346.7
324.7
3605
3399
376.2
351.3
398.7
3728
418.4
393.7
454.7
423.1
491.0
456.5
530.7
494.4
568.6
522.8
617.8 ' 573.9
663.8
620.5
722.0
664.5
719.4
784.9
848.5
788.7
958.1
872.0
1 ,046.5
953.1
1 1509
1 ,050.6
1564!o
i!i?i!o
1,391.3
1,303.4
1,567.8
1,460.0
1,753.0
1,629.6
1,952.9
1,799.1
2,174.5
1,982.6
2,3196 2,120.1
2,493.7
2,325.1
2,759.5 2,537.5
2,943.0 2,753.7
3,131.5
2,944.0
3,289 5 3,1475
3,548 2 3,392 5
3,787.0 3,634.9
4,042.9
3,867.3
4,209.6 4,009.9
316.7
339.5
346.8
322.8
328.4
348.0
352.4
330.8
356.7
334.5
360.2
340.8
362.0
341.0
363.1
343.3
344.1
366.8
372.3
349.1
378.8
352.2
359.7
386.9
391.3
364.3
397.1
370.5
400.9
374.9
405.2
381.5
409.4
385.3
414.0
389.9
420.4
397.4
429.6
402.3
439.7
411.9
452.0
419.9
459.8
429.0
431.7
467.2
473.7
442.5
482.4
450.0
497.8
459.5
510.2
473.8
518.2
484.2
523.7
489.5
535.0
499.0
504.7
546.0
555.0
509.8
562.9
519.8
573.4
527.0
583.3
534.6
Equals:
Personal
saving
22.0
206
24.9
259
24.6
31.6
34.6
36.3
45.8
43.8
43.3
57.5
654
59.7
86.1
93.4
1003
93'.0
87.9
107.8
123.3
153.8
191.8
199.5
168.7
222.0
Saving
as percentage
of DPI
6.3
57
6.6
65
5.9
6.9
7.0
6.8
8.1
7.1
6.5
1,284.9
1 3130
1,356.4
1,414.8
1 ,461 .1
1,562.2
1,653.5
1,734.3
1,811.4
1,886.8
1 ,947.4
8.0
83
7.0
9.0
8.9
2,025.3
2 099.9
2,186.2
2,334.1
2,317.0
23554
2',440!9
2,512.6
2,638.4
2,710.1
2,733.6
2,795.8
2 820.4
2,893.6
3,080.1
3,162.1
3,261.9
3 289.5
3 404.3
3,464.9
3,516.5
3,509.0
1,267.7
1,288.4
1,285.1
1,298.2
1,309.4
1,314.4
1,314.4
1,313.8
1,328.2
1.347.6
1,362.6
1,387.2
1,399.0
1,410.9
1 ,420.6
1,428.8
1,438.9
1 ,449.3
1,464.8
1,491.4
1,519.2
1,555.9
1,576.5
1,597.2
1,607.6
1,630.5
1 ,672.7
1,703.0
1,713.0
1,720.2
1,741.2
1,762.9
1,788.6
1,802.6
1,819.5
1,834.9
8.7
7^4
'6.3
6.9
7.0
155.7
152.1
7.9
8.8
8.6
6.8
8.0
6.4
6.0
4.3
4.4
4.0
175.6
199.6
4.3
4.7
22.8
24.0
19.6
21.7
6.7
6.9
5.6
6.2
22.2
19.5
20.9
19.8
22.6
23.2
26.6
27.3
6.2
5.4
5.8
5.5
6.2
6.2
7.0
7.0
27.1
26.6
26.0
23.7
6.9
6.7
6.5
5.9
24.1
24.1
23.1
27.3
5.9
5.8
5.5
6.4
27.8
32.1
30.7
35.5
31.2
32.4
38.4
36.4
6.3
7.1
6.7
7.6
6.6
6.7
7.7
7.1
34.0
34.2
36.0
41.2
6.6
6.5
6.7
7.6
45.3
43.0
46.4
48.6
8.2
7.6
8.1
8.3
189.3
187.5
1420
101.3
599.2
615.3
622.5
634.1
553.1
567.1
583.4
592.1
46.1
48.2
39.1
42.0
7.7
7.8
6.3
6.6
107.9
111.2
109.5
111.0
110.4
111.4
106.5
107.6
104.4
106.9
108.9
114.5
129.0
130.9
132.3
135.8
639.5
653.7
674.3
687.7
697.7
716.5
732.5
741.5
761.9
780.9
792.4
804.2
816.0
828.8
855.0
894.1
604.0
615.2
625.3
637.4
648.8
659.0
671.6
678.5
698.1
712.5
725.3
741.9
759.3
777.8
796.3
821.5
35.5
38.5
49.0
50.3
63.8
68.4
67.1
62.3
5.6
5.9
7.3
7.3
7.0
8.0
8.3
8.5
8.4
8.8
8.5
7.7
56.7
51.0
58.7
72.6
6.9
6.1
6.9
8.1
48.9
57.4
60.9
62.9
DPI in
constant
(1987)
dollars
1,859.6
1,889.4
1,889.9
1,908.2
1,908.5
1,927.9
1 ,967.8
1 ,985.6
1,990.6
2,020.1
2,045.3
2,045.2
2.073.9
2,098.0
2,106.6
2,121.1
2,129.7
2,149.1
2.193.9
2,272.0
SURVEY OF CURRENT BUSINESS
September 1992 •
47
Table 4.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wages
and salaries
Supplements to
wages
and salaries
Proprietors' income
with IVA and
CCAdj.
Farm
Nonfarm
Rental
income
of persons
with
CCAdj.
853
165
82.9
84.1
84.8
16.5
17.2
18.9
86.3
88.9
91.9
92.2
93.4
Corporate profits with IVA and CCAdj.
Total
IVA
CCAdj.
57
5.2
5.0
6.1
Profits
aftertax
Personal
income
Less:
Personal
tax and
nontax
Equals:
DPI
pay-
Less:
Personal
outlays
Equals:
Personal
saving
721
1283
791
541
9185
54.0
81.3
85.0
57.0
60.8
1 0537
1,078.6
1,108.5
1,153.9
1352
81.2
136.8
141.9
148.3
941.8
966.5
1,005.7
846.4
862.0
881.3
898.4
137.8
142.6
153.9
136.9
89.0
91.2
97.1
66.0
70.6
73.7
77.1
1,165.5
1,185.6
1,223.9
1,247.7
151.1
157.0
162.9
165.4
1,014.3
1,028.5
1,061.0
1,082.3 '
916.0
944.3
972.3
979.9
75.8
81.0
97.8
781
103.4
1 255.1
1,284.7
1,324.8
1,364.5
1661
-7.0
-8.2
-9.6
118.4
126.9
154.7
161.6
129.8
161.9
167.7
1 089.0
1,154.9
1,162.8
1,196.8
1,004.5
1,033.6
1,067.9
1,096.5
-11.6
-15.5
-15.9
-16.6
-10.9
-12.2
-12.1
-11.6
173.7
173.8
174.1
173.2
108.4
109.2
110.0
110.3
1,400.7
1 ,426.4
1,460.5
1,497.6
171.6
178.8
185.8
193.2
1,229.1
1,247.7
1,274.7
1,304.4
1,131.7
1,152.0
1,182.1
1,218.1
155.1
175.4
190.2
182.0
-22.3
-16.0
-10.6
-17.7
-11.6
-11.3
-10.1
-11.0
189.0
202.8
210.8
210.6
121.5
129.7
135.1
134.8
103.5
106.5
1,534.6
1,575.0
1,626.8
1,668.8
205.7
206.4
209.1
218.9
1,328.9
1,368.6
1,417.7
1 ,449.8
1 ,255.6
1,284.7
1,317.0
1,356.2
174.4
201.8
206.2
216.4
-22.3
-24.9
-24.6
-28.4
-11.7
-12.8
-13.8
-14.3
208.4
239.5
244.5
259.1
137.5
154.0
158.0
167.8
111.8
118.1
122.9
129.1
1,712.3
1,783.6
1,838.8
1,896.8
222.3
233.4
246.9
258.0
1,490.0
1 ,550.2
1,592.0
1,638.8
1,387.5
1 ,447.9
1,482.6
1,522.1
102.6
102.3
109.4
116.7
204.8
204.7
203.0
197.6
-37.3
-41.7
-45.2
-42.2
-15.3
-17.2
-18.2
-18.6
257.3
263.5
266.4
258.4
168.2
174.1
178.1
173.4
136.9
144.3
152.8
165.6
1,947.9
1,995.1
2,063.8
2,125.7
264.6
273.0
286.1
297.1
1,683.4
1,722.2
1,777.7
1 ,828.6
1,563.6
1,599.7
1,653.9
1 ,701 .4
12.6
17.4
196.6
163.5
167.5
183.0
-54.4
-35.0
-43.0
-39.7
-19.6
-20.4
-20.7
-20.1
270.6
218.9
231.2
242.8
174.3
144.5
151.0
154.6
180.9
187.9
190.3
205.6
2,190.5
2,206.0
2,281.9
2,383.2
296.8
304.9
315.7
332.3
1,893.7
1,901.1
1,966.1
2,050.9
166.8
158.7
157.9
155.1
21.3
20.1
20.1
21.9
189.8
176.4
191.8
170.1
-39.4
-25.9
-18.9
-18.6
-21.5
-21.0
-20.3
-21.9
250.7
223.3
231.0
210.6
159.5
143.7
147.6
140.3
212.0
224.6
248.6
248.2
2,453.9
2,497.5
2,580.2
2,607.1
344.4
356.9
371.7
367.9
144.1
156.4
158.9
169.6
21.2
146.1
152.4
157.1
150.3
-12.0
20.0
22.4
24.1
-19.4
-17.1
-13.4
177.4
178.9
180.3
168.6
114.4
114.0
114.6
109.9
259.3
271.0
262.6
256.8
2,626.7
2,679.9
2,710.4
2,746.8
170.8
182.4
190.0
193.8
23.5
23.3
19.3
22.2
177.5
214.6
229.5
229.1
11.1
14.3
12.9
173.5
211.9
233.7
223.8
113.6
133.0
145.7
141.6
259.7
263.9
274.5
281.8
205.1
216.3
219.6
217.7
22.8
22.3
24.0
24.3
264.1
270.8
260.5
261.3
-13.9
19.5
23.7
30.2
37.7
258.5
254.0
229.3
220.1
155.1
152.6
141.8
136.3
22.1
21.6
17.3
14.0
266.8
277.0
294.3
284.9
-3.2
17.8
229.1
233.1
240.3
250.9
49.2
56.7
59.2
56.9
220.8
218.0
229.5
231.8
12.8
32.1
20.6
23.6
258.9
260.3
265.8
260.9
12.2
10.7
290.1
268.7
263.1
264.6
-10.7
50.9
44.7
41.1
39.6
430.4
433.2
437.7
448.4
34.1
27.9
20.7
42.4
273.6
277.3
282.3
282.6
282.6
315.6
338.0
343.3
-10.0
-13.9
-16.1
-17.8
2,371.5
2,422.9
2,467.0
2,510.6
463.1
472.5
483.2
494.3
35.4
34.1
23.1
30.9
285.5
292.0
293.8
302.5
352.1
364.2
365.3
378.3
3,048.2
3,077.5
3,112.2
3,162.8
2,545.3
2,567.4
2,595.1
2,637.9
502.9
510.1
517.1
524.9
51.3
42.3
29.0
38.4
305.3
305.8
305.7
311.4
369.4
369.9
357.3
354.5
4,400.7
4,475.3
4,479.3
4,517.9
3,223.7
3,281.2
3,320.5
3,339.6
2,686.1
2,735.7
2,768.2
2,781.4
537.6
545.5
552.3
558.2
48.1
43.6
32.2
42.8
319.8
322.7
328.8
329.7
-16.2
-13.8
4,493.0
4,529.2
4,555.4
4,599.1
3,343.0
3,379.6
3,407.0
3,433.8
2,774.9
2,804.3
2,824.4
2,845.0
568.1
575.2
582.6
588.7
34.3
41.3
29.5
37.9
322.2
329.1
337.6
340.0
-12.4
-12.3
-10.3
1,080.8
1,098.6
1,127.0
1,171.7
783.5
802.4
821.4
844.0
683.2
700.0
716.1
735.3
100.3
102.4
105.3
108.7
23.4
28.4
1974: I
II
Ill
IV
1,174.3
1,184.4
1,211.0
1,225.5
861.7
882.1
904.4
917.0
748.1
765.2
783.0
792.4
113.6
117.0
121.4
124.6
32.2
19.5
22.3
28.0
1975: I
II
Ill
IV
1,224.6
1,251.9
1,311.3
1,353.4
919.4
931.0
957.3
987.1
791.8
800.2
821.2
845.6
127.7
130.8
136.1
141.5
20.3
20.2
26.1
28.2
1976: I
II
Ill
IV
1 ,399.9
1,419.4
1,445.4
1,477.2
1,021.9
1,045.5
1,069.6
1,096.2
871.1
889.2
908.3
929.8
150.9
156.3
161.3
166.5
21.3
17.5
17.1
1977: 1
II
Ill
IV
1,525.7
1,586.2
1,647.4
1,677.0
1,124.5
1,161.0
1,193.3
1,230.4
949.9
980.8
1,007.3
1,038.0
174.6
180.2
186.0
192.4
17.4
15.3
18.9
1978: I
II
Ill
IV
1,715.4
1,813.4
1,863.2
1,927.1
1,265.8
1,316.1
1,352.8
1,397.5
1,063.1
1,106.7
1,137.9
1,176.1
202.7
209.4
214.9
221.4
1979: 1
II
Ill
IV
1,969.6
2,010.2
2,063.6
2,112.4
1,441.5
1 ,474.2
1,514.2
1,555.7
1,209.5
1,236.6
1,270.2
1,304.8
1980: I
li
Ill
IV
2,163.4
2,136.8
2,189.7
2,302.9
1,596.5
1,617.8
1,649.6
1,713.6
1981:1
II
Ill
IV
2,378.7
2,400.3
2,475.7
2,475.3
1982: 1
II
Ill
IV
117.9
114.4
115.3
118.2
-161
18.6
16.3
15.9
12.6
109.5
107.0
102.9
-33.0
-38.3
-51.5
-35.0
-3.2
13.2
13.9
13.6
13.5
100.2
112.6
134.3
140.4
-12.7
-56
-7.3
-12.2
-11.7
110.1
113.7
115.3
119.4
13.6
12.4
11.4
151.2
146.0
146.0
145.0
10.4
16.6
123.7
127.4
131.6
134.8
17.3
23.7
23.4
21.7
137.9
146.1
148.0
152.6
232.0
237.6
243.9
250.9
27.0
24.3
24.9
22.8
151.2
156.0
160.9
160.0
1,337.7
1,353,9
1,379.9
1,434.9
258.8
264.0
269.7
278.7
14.2
13.6
11.3
19.7
161.5
157.5
158.4
163.7
1,766.0
1 ,797.3
1,835.0
1,863.6
'1,473.4
1,500.3
1,532.8
1,556.0
292.6
297.0
302.2
307.6
22.8
23.3
22.3
16.4
2,474.3
2,524.1
2,540.2
2,551.5
1,887.8
1,908.1
1,927.6
1,940.4
1,572.1
1,586.9
1,602.3
1,611.8
315.7
321.2
325.3
328.6
15.8
16.2
11.5
10.2
1983: 1
II
Ill
IV
2,605.5
2,691.4
2,751.8
2,834.3
1,966.4
2,003.9
2,046.1
2,101.2
1,629.0
1,661.6
1,698.9
1,747.3
337.4
342.3
347.1
353.9
1984: 1
II
Ill
IV
2,972.9
3,037.4
3,088.3
3,134.4
2,160.9
2,208.3
2,250.3
2,288.1
1,791.4
1,833.7
1,871.1
1,903.9
369.5
374.7
379.2
384.2
1985: 1
II
Ill
IV
3,198.0
3,243.9
3,289.7
3,341.9
2,328.6
2,362.8
2,397.3
2,442.5
1,938.7
1,968.4
1,998.9
2,039.1
389.9
394.4
398.4
403.3
28.0
25.9
14.4
1986: 1
II
Ill
IV
3,397.4
3,423.5
3,444.9
3,486.0
2,477.5
2,499.9
2,535.2
2,582.5
2,067.4
2,085.4
2,115.0
2,153.9
410.2
414.5
420.2
428.6
1987: 1
II
Ill
IV
3,572.3
3,645.9
3,722.3
3,828.8
2,627.3
2,665.5
2,716.6
2,785.1
2,196.9
2,232.3
2,278.9
2,336.7
1988: 1
II
Ill
IV
3,888.8
3,966.3
4,027.6
4,127.6
2,834.6
2,895.4
2,950.2
3,004.9
1989: 1
II
Ill
IV
4,203.9
4,240.8
4,248.0
4,305.2
1990: I
II
Ill
IV
1991:1
32.0
45.1
17.3
.9
7.5
3.2
-7.5
6.3
31.4
15.2
16.7
21.9
95.0
99.0
102.7
11.0
9.0
9.9
6.7
8.2
7.7
10.0
9.8
8.1
6.7
7.9
10.7
9.1
7.0
4.7
2.2
1.3
2.4
6.8
6.2
4.1
4.2
2.8
-42
-9.6
-18.6
-21.6
-9.5
-9.6
-6.6
98.7
367.6
384.0
351.4
344.0
349.6
347.3
341.2
347.1
-21.7
-19.0
-23.4
DPI in
constant
(1987)
dollars
86.8
79.2
81.1
81.6
81.8
84.4
85.9
88.3
94.7
98.0
79.7
85.3
7.9
8.5
8.8
2,300.7
2,315.2
2,337.9
2,382.7
107.3
98.3
84.2
88.7
102.4
84.5
121.3
95.0
100.3
97.4
95.7
92.6
86.4
73.4
83.9
100.7
93.7
10.7
9.7
8.2
8.4
9.5
2,334.7
2,304.5
2,315.0
2,313.7
7.8
2,282.5
2,390.3
2,359.4
2,389.4
10.5
8.2
8.4
7.9
7.7
7.3
6.6
5.5
6.1
7.1
6.5
2,424.5
2,434.9
2,444.7
2,459.5
2,463.0
2,490.3
2,541.0
2,556.2
2,587.3
2,631 .9
2,653.2
2,680.9
119.7
122.5
123.9
127.2
6.9
6.6
6.9
7.1
7.1
7.1
7.0
7.0
1,751.9
1,755.3
1,813.4
1,875.9
141.8
145.8
152.8
175.0
7.5
7.7
7.8
8.5
2,742.9
2,692.0
2,722.5
2,777.0
2,109.5
2,140.6
2,208.5
2,239.2
1,929.8
1,964.5
2,009.4
2,026.8
179.7
176.1
199.1
212.3
2,783.7
2,776.7
2,814.1
2,808.8
370.2
376.5
366.8
372.1
2,256.5
2,303.4
2,343.6
2,374.7
2,065.2
2,089.9
2,134.3
2,190.9
191.3
213.5
209.3
183.8
8.5
8.2
9.0
9.5
8.5
9.3
8.9
7.7
2,772.2
2,832.7
2,879.4
2,965.8
366.4
375.4
361.8
371.6
2,405.8
2,457.3
2,517.6
2,594.3
2,226.6
2,298.1
2,357.6
2,417.9
179.2
159.2
160.0
176.3
7.4
6.5
6.4
6.8
2,843.6
2,867.0
2,903.0
2,960.6
288.7
304.5
317.2
321.1
3,062.1
3,121.7
3,192.1
3,242.5
378.3
387.5
401.2
413.4
2,683.9
2,734.2
2,791.0
2,829.1
2,466.4
2,521.1
2,556.2
2,606.5
217.4
213.1
234.8
222.6
8.1
7.8
8.4
7.9
3,033.2
3,065.9
3,102.7
3,118.5
125.2
124.8
129.8
134.2
323.5
323.4
326.1
331.9
3,313.0
3,358.0
3,391.3
3,456.7
450.1
407.1
441.1
448.8
2,862.9
2,950.9
2,950.2
3,007.9
2,672.4
2,722.1
2,791.6
2,828.7
190.5
228.8
158.6
179.2
6.7
7.8
5.4
6.0
3,123.6
3,189.6
3,156.5
3,178.7
211.5
208.6
215.4
235.7
109.2
106.0
111.0
119.2
345.8
351.9
353.3
349.7
3,521.4
3,580.7
3,612.0
3,647.8
445.8
450.2
461.4
478.5
3,075.5
3,130.5
3,150.6
3,169.3
2,876.2
2,905.4
2,976.2
3,018.2
199.3
225.1
174.4
151.1
3,227.5
3,281.4
3,272.6
3,2662
41.6
45.1
49.2
49.9
251.0
284.4
304.9
311.2
140.2
157.9
169.1
176.0
352.5
358.2
362.3
368.6
3,715.8
3,759.5
3,814.2
3,918.5
474.0
535.5
511.8
528.6
3,241.9
3,224.0
3,302.4
3,389.9
3,057.4
3,125.5
3,187.1
3,220.1
184.5
115.2
169.8
6.5
7.2
5.5
4.8
5.7
3.1
3.5
5.0
-18.8
-26.1
-32.6
-31.7
48.8
47.4
44.8
37.9
322.1
342.9
353.0
372.2
195.5
207.2
213.4
226.0
374.9
376.5
391.1
408.1
3,967.7
4,037.9
4,102.9
4,195.2
510.8
530.4
527.7
542.0
3,456.8
3,507.6
3,575.2
3,653.2
3,294.8
3,355.7
3,422.8
3,496.7
162.0
151.8
152.4
156.4
4.7
4.3
4.3
4.3
3,380.1
3,386.3
3,407.5
3,443.1
-37.6
-15.7
38.1
40.0
37.6
33.9
368.9
345.7
323.1
334.1
214.1
202.0
190.5
200.0
433.8
454.9
462.4
459.8
4,305.2
4,357.4
4,389.2
4,469.4
575.2
599.1
593.8
605.1
3,730.0
3,758.3
3,795.4
3,864.3
3,548.0
3,609.8
3,666.3
3,715.5
182.0
148.5
129.0
148.8
3,472.9
3,450.1
3,455.7
3,480.9
30.2
24.4
344.0
355.8
367.0
354.7
211.6
218.2
224.0
221.0
457.6
457.6
456.0
471.4
4,571.7
4,640.5
4,692.6
4,751.9
609.4
624.6
627.3
623.8
3,962.3
4,015.9
4,065.3
4,128.1
3,789.2
3,833.2
3,908.0
3,938.8
173.1
182.7
157.3
189.3
337.6
332.3
336.7
332.3
216.3
209.4 •
209.6
207.4
456.2
444.4
450.5
446.9
4,752.8
4,806.9
4,846.2
4,907.2
616.8
617.2
618.6
622.3
4,136.0
4,189.7
4,227.6
4,284.9
3,943.2
3,994.4
4,036.6
4,065.5
192.8
195.3
191.0
219.4
4.9
4.0
3.4
3.9
4.4
4.6
3.9
4.6
4.7
4.7
4.5
5.1
-9.4
-9.8
-8.6
.6
-8.4
-18.5
-7.6
-7.0
1.1
3.5
2.4
5.6
-3.8
27.7
15.4
6.6
-3.3
-13.5
-6.6
3.8
-32.6
-21.2
6.7
9.9
-4.8
.7
NOTE.—IVA=lnventory valuation adjustment; CCAdj.=Capital consumption adjustment; DPI=Disposable personal
income.
4.6
2.7
.5
Saving
as percentage
of DPI
ments
130.8
129.3
135.4
1973: I
II
Ill
IV
Ill "".""".
IV
Profits
before
tax
Net interest
-9.6
3.4
17.0
10.5
5.3
5.1
9.3
14.1
98.5
2,699.2
2,697.6
2,715.3
2,728.1
2,795.0
2,824.8
2,829.0
2,832.6
3,295.2
3,241.7
3,285.7
3,335.8
3,516.8
3,523.9
3,513.7
3,511.6
3,488.7
3,505.2
3,511.5
3,530.8
48
SURVEY OF CURRENT BUSINESS
September 1992
Capital Expenditures by Majority-Owned
Foreign Affiliates of U.S. Companies,
Latest Plans for 1992
By Mahnaz Fahim-Nader
Laura A. Downey
prepared the
estimates of
expenditures, using
computer
programs designed
by Jane M. Fry.
fx ^AJORITY-OWNED FOREIGN affiliates of U.S.
JVL companies plan to increase capital expenditures 4 percent in 1992, to $64.5 billion, after
a 2-percent increase in 1991 (table i, chart i).1
The slow rate of spending growth in both years
reflects two key factors: Rapid growth in spending during 1987-90, which moderated the need
are made to acquire, add to, or improve property, plant, and equipment. For
affiliates engaged in natural resource exploration and development, they also
include those exploration and development expenditures that are expensed
on the books of the affiliates. Capital expenditures are measured on a gross
basis; sales and other dispositions of fixed assets are not netted against them.
i. Capital expenditures estimates are for majority-owned 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.) Capital expenditures include all expenditures that are charged to capital accounts and
Table 1.--Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies, 1988-92
Percent change from preceding year
Most
recent
plans1
Actual expenditures
1989
Total
1990
1991
Previous plans 2
1991
1992
Billions of dollars
1988
1992
Most
recent
plans '
Actual expenditures
1990
1989
1991
1992
1991
Previous plans2
1992
21
19
2
4
3
4
42.6
51.5
61.2
62.3
64.5
63.1
65.8
-1
24
16
16
24
22
9
26
46
23
27
16
9
24
28
13
14
29
-1
13
15
-5
16
-5
-39
-5
0
-6
-6
5
5
5
16
-2
13
-7
4
13
7
2
18
-4
19
3
-34
-7
5
-2
-7
0
6
5
9
1
11
-3
7
6
11
9
13.3
20.4
13.2
25.3
16.7
29.4
19.2
27.8
20.2
29.1
19.7
28.2
20.8
29.6
104
63
45
30
5
26
7
-19
10
-6
11
-8
18
-9
13
5
8
-10
Developed countries
Canada
Europe
European Communities (12) 3
France
Germany 4
United Kingdom
Other
Other
Japan
Australia, New Zealand, and South Africa
19
12
21
21
19
18
16
35
19
14
30
18
8
29
30
34
34
29
28
17
3
-25
2
-12
3
3
1
6
7
-6
13
11
20
1
-10
4
3
5
6
-3
12
11
-1
-6
1
-12
4
3
-1
10
7
-7
12
6
11
3
1
3
3
6
3
-4
12
11
9
-6
Developing countries
Latin America and Other Western Hemisphere
Other Africa
Middle East
Other Asia and Pacific
27
26
2
28
36
22
13
50
45
22
4
2
0
9
16
15
-3
24
21
10
9
3
2
14
10
5
5
11
15
By industry
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery, except electrical
Electric and electronic equipment
Transportation equipment
Other manufacturing
Wholesale trade
Finance (except banking), insurance, and real
estate
Services
Other industries
1.7
4.7
1.1
3.4
2.1
3.6
3.7
3.2
2.0
5.5
1.4
4.1
2.3
4.6
5.5
3.9
2.2
6.8
1.8
4.7
2.6
6.0
5.4
4.4
2.5
6.4
1.1
4.4
2.6
5.6
5.1
4.7
2.9
6.3
1.3
4.1
2.7
6.4
5.4
4.7
2.6
6.5
1.2
4.3
2.7
5.8
5.0
4.5
2.8
6.6
1.3
4.2
2.9
6.1
5.6
4.9
.8
2.1
2.8
1.6
3.4
4.0
2.1
3.6
5.1
2.2
2.9
5.6
2.1
3.2
5.2
1.7
3.3
5.8
1.8
3.5
5.2
By area
5
33.9
7.9
21.5
19.8
2.4
3.9
8.6
4.8
1.8
1.8
2.6
8.0
3.6
.9
.4
3.0
40.4
8.9
26.1
24.0
2.8
4.6
10.0
6.5
2.1
2.0
3.4
10.2
4.6
.9
.5
4.1
47.9
9.6
33.7
31.2
3.8
6.2
12.9
8.3
2.5
2.1
2.6
12.4
5.1
1.4
.8
5.1
48.7
8.4
34.8
32.0
3.9
6.5
13.8
7.9
2.8
2.3
3.1
12.9
5.2
1.4
.7
5.5
49.0
7.6
36.3
33.2
4.1
6.9
13.3
8.8
3.1
2.3
2.9
14.9
6.0
1.4
.9
6.7
48.4
8.4
34.9
32.2
3.8
6.8
13.8
7.8
2.7
2.2
2.8
13.6
5.6
1.5
.8
5.8
49.8
8.5
36.1
33.1
4.0
7.1
13.3
8.7
3.1
2.4
2.7
14.9
5.9
1.5
.9
6.6
International
23
11
-17
-23
13
5
.7
.9
1.0
.8
.6
1.1
1.1
Addendum—OPEC6
28
53
5
12
5
16
1.2
1.6
2.4
2.6
2.9
2.6
3.0
* Less than 0.5 percent (±).
1. Based on BEA survey taken in June 1992.
2. Based on BEA survey taken in December 1991.
3. European Communities (12) comprises Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and the United Kingdom.
4. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning
in 1990, this line also includes the former German Democratic Republic (GDR). This change has
no effect on the data because, prior to 1991, there were no majority-owned affiliates of U.S. com-
panies in the former GDR.
5. "International" affiliates are those that have operations in more than one country and that
are engaged in petroleum shipping, other water transportation, or operating movable oil- and gasdrilling equipment.
6. OPEC, the Organization of Petroleum Exporting Countries, comprises Algeria. Ecuador,
Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates,
and Venezuela.
NOTE—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
SURVEY OF CURRENT BUSINESS
September 1992 •
for additional overseas capacity, and the continuing economic slowdown in the United States and
other major industrial countries, which has reduced corporate cash flow and constrained the
ability of parent companies to finance overseas
operations.
may well decrease.2 The 4-percent increase in
current-dollar spending projected for 1992 is in
line with the 4-percent increase projected by the
Census Bureau for domestic capital spending by
all U.S. businesses.3
Because the U.S. dollar depreciated during
1991-92 and, to a lesser extent, because foreigncurrency prices of capital goods increased, real
spending abroad by foreign affiliates in 1992 will
probably increase considerably less than the projected 4-percent current-dollar increase, and it
Revisions for 1991 and 1992
Capital Expenditures by Majority-Owned
Foreign Affiliates of U.S. Companies
gitiion & ratio seate
100
LEVELS
BO
"70
Planned spending for 1992 has been revised
downward by 2 percent from the level reported 6
months earlier; the estimate of planned spending
for 1991, which now represents actual spending,
has been revised down i percent (table 2). The
most recent estimates for 1991 and 1992 are based
on a BEA survey conducted in June 1992; the previous estimates were based on a survey conducted
in December 1991.
Estimates for 1992 were revised downward for
all major industries except finance (except banking), insurance, and real estate (FIRE); the largest
revisions were in petroleum and manufacturing.
By area, the revision was more than accounted
for by affiliates in Canada and "International";
60
50
40
30
20
\
> - -*'
\ Petroleum/
\ /
//
\ \ /
/
\-^
/
_ \
--, \ ,-All Other Industries
2. Weighted by the value of assets of majority-owned foreign affiliates in
1990, the U.S. dollar depreciated from mid-1991 to mid-1992 by 10 percent
against the currencies of 21 countries that accounted for over 80 percent of
affiliates' assets. Weighted in the same manner and over the same period,
foreign-currency wholesale prices (or consumer prices, in the few cases in
which wholesale prices were unavailable) increased 1.4 percent. Both dollar
depreciation and inflation in foreign-currency prices tend to boost the value,
denominated in dollars, of a given volume of capital goods purchased by
foreign affiliates.
3. The projected increase in capital spending by all U.S. businesses is
from a survey conducted in July-August 1992 by the Bureau of the Census.
Although the Census Bureau projection covers all U.S. businesses rather than
only U.S. parent companies, the available estimates of domestic capital spending of parent companies (covering 1982-90) are significantly correlated with
spending by all U.S. businesses.
Table 2.—Revisions to Capital Expenditures Estimates,
1991-92
/
1991
30
1991
PERCENT CHANGE IN TOTAL
EXPENDITURES
20
1992
Billions of dollars
10
• I
"20
1992
Percent
change from
preceding
year
i mil
II
"
i
i
84 8S i8e 8? '-U$. 89 : 90 91 92
.
.
. ,
Note — Estimates :a$;f0t noft&ank foriegn affiliates of mmfcanfc U3,
US, Department of Commeree, Bureau of Economic Awafysis i ,
Date of BEA survey: ]
June 1990
December 1990 ..
June 1991
December 1991
June 1992
56.6
61 2
67.3
63.1
62.3
65.8
64.5
1
6
10
3
2
4
4
Percent
Addenda:
Revision from previous to most recent
estimate
-1
-2
Revision from first to most recent
estimate
10
_2
1. The results of each survey are published 3 months later in the SURVEY OF CURRENT
BUSINESS.
49
SURVEY OF CURRENT BUSINESS
5O • September 1992
spending plans by affiliates in all other areas
combined were revised up slightly.
Plans for 1992
This section discusses the 1992 spending plans of
majority-owned foreign affiliates by area and by
industry. In the discussion, information from
outside sources, mainly press reports, has been
used to supplement BEA'S survey data.
Area highlights
By major geographic area, changes in planned
spending in 1992 range from increases of more
than 20 percent in the Middle East and "Other
Asia and Pacific" to a lo-percent decrease in
Canada. Capital spending by affiliates in the
Middle East and in the newly industrialized countries in the Far East and Latin America is expected
to increase much faster than capital spending by
affiliates in other industrial countries.
In the Middle East, affiliates plan to increase
spending 24 percent in 1992, to $0.9 billion, after
a 4-percent decrease in 1991. Most of the increase
is accounted for by Yemeni affiliates engaged in
the exploration and development of petroleum
and natural gas.
In "Other Asia and Pacific," affiliates plan to
increase spending 21 percent, to $6.7 billion, after a 9-percent increase. Growth in spending
is particularly rapid in the petroleum-producing
countries: Affiliates in Indonesia, Malaysia, Thailand, and Singapore plan to increase spending
28 percent, to $4.5 billion, after an 8-percent increase. The increased spending is being attracted
by the area's potentially large oil and gas reserves
and by growing energy needs resulting from
rapid economic development. Spending increases
are also planned by manufacturing affiliates in
response to rising consumer incomes.
In "Latin America and Other Western Hemisphere," affiliates plan to increase spending 15
percent, to $6.0 billion, after a 2-percent increase.
More than three-quarters of the increase is in
Mexico, where affiliates plan to boost spending 58 percent, to $1.7 billion. The prospective
free-trade agreement with the United States and
Canada has further enhanced the already favorable conditions for direct investment in Mexico.
In manufacturing, particularly in transportation
equipment, affiliates are expanding capacity to
serve both export markets and the rapidly growing domestic market. Affiliates in some other
Latin American countries also plan to increase
spending in response to economic reforms, including liberalized regulations governing trade
and foreign direct investment. For example, in
Chile, affiliates in "other industries," particularly
in mining, plan to more than double spending, and in Colombia, affiliates in petroleum and
manufacturing plan increases. In Brazil, spending increases by affiliates in manufacturing are
partly offset by spending decreases by affiliates in
petroleum.
In Europe, affiliates plan to increase spending 4
percent, to $36.3 billion, after a 3-percent increase.
Most of the increase is accounted for by affiliates5
in the European Communities (£0(12)), where,
as of the survey date, the prospect of greater economic integration was continuing to attract new
affiliates and to encourage existing affiliates to increase their capacity. Within the EC(12), most of
the increase in spending is by affiliates in Spain,
Germany, and Ireland. In Spain and Germany,
the largest increases are planned by affiliates in
transportation equipment; in Ireland, the largest
increases are planned by affiliates in chemicals
and food products. Large decreases in spending
are planned in the United Kingdom, particularly
in transportation equipment and FIRE.
Capital spending by affiliates in Europe has also
been stimulated by market-oriented reforms in
Eastern Europe. These reforms are encouraging
parent companies to expand their EC(12) affiliates to service Eastern Europe and, increasingly,
to establish production facilities within the region itself. Operating in this region may entail
unusual constraints and risks; however, for some
companies these factors are outweighed by the
potentially vast future growth in consumer markets. Although the dollar amounts involved so far
are small, expenditures by affiliates in the region
have grown rapidly during the last 2 years.
In Japan, affiliates plan to hold their spending constant at $2.3 billion after an n-percent
increase. A decrease in spending by affiliates
in manufacturing is partly offset by increases in
spending by affiliates in FIRE and wholesale trade.
In "Australia, New Zealand, and South Africa,"
affiliates plan to decrease spending 6 percent, to
$2.9 billion, after a 2O-percent increase. The decrease is concentrated in Australia, where it is
widespread by industry.
In Canada, affiliates plan to decrease spending
10 percent, to $7.6 billion, after a 12-percent decrease. Although sluggish economic conditions
continue to restrain spending in most industries,
affiliates in transportation equipment'plan large
increases.
SURVEY OF CURRENT BUSINESS
Industry detail
Petroleum.—Petroleum affiliates plan to increase
spending 5 percent in 1992, to $20.2 billion, after a 15-percent increase in 1991. The continued
weakness in oil prices—a consequence of the oil
glut that has developed during the prolonged
period of weak worldwide industrial activity—
apparently is constraining growth in planned
spending abroad. Although probably representing little or no growth in real terms, the planned
1992 increase is nevertheless in sharp contrast to
the 15-percent decline in domestic capital spending projected by the Census Bureau for U.S.
petroleum companies.4 These spending patterns
indicate that U.S. petroleum companies plan to
maintain their emphasis on overseas operations.
This emphasis has resulted from several factors.
First, oil and gas reserves abroad are potentially
larger and can be developed more economically
than those in the United States. Because the
maturing oilfields in the United States are well
explored, petroleum companies are increasingly
attracted to frontier fields abroad, where they
expect to discover larger deposits and to extract oil at lower cost than in the United States.
Second, environmental concerns have tended to
restrict the areas where petroleum resources can
be developed in the United States. Third, a number of host governments are currently offering
multinational oil companies favorable production
licenses and financial or tax incentives.
Spending increases by affiliates in petroleum
are planned in "Other Asia and Pacific," Europe,
and the Middle East. Most of the increase is
accounted for by affiliates in "Other Asia and Pacific," which plan to increase spending 36 percent
to $3.8 billion. The increased spending has been
attracted by the area's potentially large oil and gas
reserves and by growing energy needs resulting
from rapid economic development. Contributing
to the increase are increases in crude petroleum
and natural gas exploration in Indonesia and
Malaysia and the expansion of refineries in Thailand and Singapore. In Europe, affiliates plan to
increase spending 4 percent to $9.9 billion; affiliates in the United Kingdom, the Netherlands,
4. This figure is from the Census Bureau survey identified in footnote
2. Both the Census Bureau data and the BEA data for foreign affiliates are
classified according to the primary activity of each company, but they differ
in coverage. The Census Bureau data cover only companies primarily engaged in petroleum manufacturing, whereas BEA'S data cover all phases of the
industry—including not only manufacturing but also extraction and distribution. Nevertheless, the Census Bureau figure for petroleum manufacturing
includes the large, integrated companies that account for much of the total
activity in th? Domestic petroleum industry; thus, it probably would not be
greatly affected if domestic spending by smaller, independent companies primarily engaged in extraction or other phases of the industry were included
to make it more comparable with BEA'S data for foreign affiliates.
September 1992 • 51
and Germany account for nearly 80 percent of
the total increase. Although the United Kingdom
has the largest dollar increase, the rate of increase
for that country is relatively low (2 percent); only
in the Netherlands (up 27 percent) and Germany
(up 17 percent) do the increases probably represent real growth. In the Middle East, the planned
spending increase is mainly for the exploration
and development of oil reserves in Yemen.
Spending decreases by affiliates in petroleum
are planned in Canada, Brazil, and Australia.
In Nigeria, spending is expected to remain at
about the same high level as in 1991, as an affiliate continues to develop several oilfields in
a joint venture with the State-owned petroleum
corporation.
Manufacturing.—Manufacturing affiliates plan to
increase spending 5 percent in 1992, to $29.1
billion, after a 5-percent decrease in 1991. In
contrast, domestic capital spending by all U.S.
manufacturing companies (excluding petroleum
manufacturing) is projected by the Census Bureau to remain flat in 1992. By area, most of
the increase in affiliate spending will occur in the
Ec(i2); increases are also expected in Mexico and
in several countries in the Far East. Decreases are
expected in Canada, Japan, and Australia.
Increases in spending are planned in all major
manufacturing industries except chemicals and
nonelectrical machinery. In food products, affiliates plan a i6-percent increase, to $2.9 billion,
after a similar increase in 1991. The 1992 increase
is concentrated in the £0(12), particularly in Ireland, eastern Germany, and Portugal, where U.S.
soft drink producers are expanding their capacity.
In transportation equipment, affiliates plan to
increase spending 13 percent, to $6.4 billion, after a 6-percent decrease. In Europe, spending
is expected to increase 4 percent, to $4.2 billion, after a 6-percent decrease. Within the
EC (12), large increases are planned by affiliates
in Spain and Germany. In Germany, two affiliates plan large increases: One is building a
state-of-the-art auto plant; another is expanding
engineering and research facilities as part of a
U.S. multinational company's plan to reorganize
these activities and consolidate them into fewer
European locations. Both actions reflect automobile producers' efforts to improve production
efficiency and to develop improved products in
response to growing competition from Japaneseowned European producers. Affiliates are also
increasing capacity in Eastern Europe in response
to the expansion and development of auto markets in that area. In contrast, large spending
52 • September 1992
SURVEY OF CURRENT BUSINESS
decreases are planned by affiliates in the United
Kingdom, where recessionary conditions have
weakened sales. Outside Europe, affiliates in
Mexico and Canada plan increases. In Mexico,
factors that appear to have stimulated spending
include a booming auto market, more favorable
government policies toward foreign investment,
and the prospective free-trade agreement. In
Canada, the increase reflects retooling expenses
for production of minivans and a new line of
truck engines.
In primary and fabricated metals, affiliates plan
to increase spending 13 percent, to $1.3 billion,
after a 39-percent decrease. Manufacturers of fabricated products in Spain and Germany account
for a large portion of the overall increase. The
1991 decrease mainly resulted from completion of
a project by a Canadian aluminum smelter.
In "other manufacturing," affiliates plan to increase spending 7 percent, to $5.4 billion, after
a 6-percent decrease. Major producers of consumer nondurables are planning sizable spending
increases in the United Kingdom and France.
In electric and electronic equipment, affiliates
plan to increase spending 4 percent, to $2.7 billion, after little change. Increases in spending by
manufacturers of household appliances in Brazil
and by semiconductor producers in Singapore are
partly offset by decreases in spending by semiconductor producers in the United Kingdom and
Japan.
In chemicals, affiliates plan to decrease spending 2 percent, to $6.3 billion, after a 5-percent
decrease. Spending decreases by industrial chemical producers, who are experiencing weak demand and overcapacity, are more than offsetting
spending increases by manufacturers of drugs.
In nonelectrical machinery, affiliates plan to
decrease spending 7 percent, to $4.1 billion, after
a 5-percent decrease. The decreases in both years
mostly reflect reductions planned by computermanufacturing affiliates, particularly in Germany
and Canada.
All other industries.—In all other industries combined, affiliates plan to decrease spending i
percent in 1992, to $15.2 billion, after a i-percent
increase in 1991. In services, affiliates plan to increase spending 11 percent, to $3.2 billion, after a
19-percent decrease. The largest increase is in the
United Kingdom, where affiliates in auto rental
and leasing services are expanding capacity. Sizable increases are also planned in Germany and
France.
In wholesale trade, affiliates plan to increase
spending 2 percent, to $4.7 billion, after a 5percent increase. The largest increase is in Austria; it partly reflects an automobile producer's
plans to expand distribution and production
facilities.5 Large increases are also planned in
Japan and Canada. In contrast, large decreases
are planned in the United Kingdom.
In FIRE, affiliates plan to decrease spending 6
percent, to $2.1 billion, after a 7-percent increase.
The decrease is more than accounted for by affiliates in the United Kingdom, where spending
by real estate and insurance affiliates has fallen
off sharply, partly in response to a decline in
property values.
In "other industries," affiliates plan to decrease
spending 8 percent, to $5.2 billion, after a 10percent increase.6 The largest decrease is in
Canada, mainly in mining and retail trade.
Tables 3.1 through 3.3 follow. 0
5. Affiliates are classified in wholesale trade because that industry accounts for the largest part of their total sales; some may also have operations
in other industries, such as manufacturing.
6. "Other industries" consists of agriculture, forestry, and fishing; mining; construction; transportation, communication, and public utilities; and
retail trade.
SURVEY OF CURRENT BUSINESS
September 1992 • 53
Table 3.1—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 1990
[Millions of dollars]
Manufacturing
All
industries Petroleum
Total
Food and
kindred
products
Chemicals and
allied
products
Electric TransporPrimary
Machinelecand fabri- ery, ex- and
tation
tronic
cated
cept elecequipequipmetals
trical
ment
ment
Other
manufacturing
Finance
(except
Whole- banking),
sale trade insurance,
and real
estate
Services
Other
industries
All countries
61,235
16,665
29,353
2,179
6,753
1,806
4,664
2,574
5,954
5,4 23
4,445
2,077
3,597
5,098
Developed countries
47,922
10,987
24,582
1,622
5,786
1,368
4,102
1,665
5,384
4,€ 55
3,841
1,822
3,232
3,458
1,502
Canada
. ..
. .
Europe
:
European Communities (12)
Belgium
Denmark
France . .
Germany l
Greece
.
Ireland
Italy
Luxembourg
Netherlands
Portugal
Spain
United Kingdom
Other Europe
Austria
Finland
Norway
Sweden
Switzerland
Turkey
Other
...
9,586
2,679
4,332
267
991
568
(D)
189
905
n
272
419
381
33,681
7,499
17,984
1,201
4,219
757
3,053
1,100
4,335
3,C 18
2,969
1,265
2,352
1,613
31,218
1,664
296
3,825
6,189
58
523
2,057
67
2,205
143
1,333
12,856
6,389
111
65
264
335
(D)
50
1,146
35
35
128
126
17
19
85
0
184
14
100
402
4,159
675
(D)
715
671
12
147
319
(D)
596
17
210
776
(D)
24
(D)
104
251
0
25
27
2,975
133
0
714
912
0
68
332
3
(D)
1,046
42
(D)
110
224
4,305
49
2
113
1,733
0
15
118
0
7
14
380
1,874
3
10
2,623
155
77
573
375
12
10
411
1,099
2,094
139
(D)
296
361
1,533
(D)
1
209
343
(D)
306
18
(D)
5,054
17,480
1,144
65
2,428
4,662
34
439
1,111
50
1,473
73
1,045
4,956
163
8 23
1825
100
755
8(
'l
2,464
170
83
1,075
248
668
146
73
1,110
(D)
(D)
983
7
(D)
43
(D)
504
60
(D)
22
166
100
74
(D)
55
12
0
60
(D)
fi
n
14
30
(°)
0
0
1
0
°)
3
D
)
D
)
65
54
345
62
33
37
47
159
(*)
0
1
»!
D
)
326
72
73
163
146
10
7
275
219
67
56
10
0
426
416
9
1
(")
n
n
(D)
275
{
"l
68
603
255
365
973
132
294
368
75
(D)
26
48
159
14
n
6
(D)
D
()
0
<36
13
16
T
n
83
1
(°)
196
8
630
q:
ij
78
4
1
1
D
( )
0
0
*l1
s
76
n
174
(°)
86
255
54
18
1
c 44
7 45
5
112
154
27
°4
2,100
( )
1,458
47
259
18
n
353
7
Australia New Zealand and South Africa
Australia
New Zealand
South Africa
2,556
2,303
171
81
£t
8
808
748
21
39
106
103
0
3
318
292
9
17
25
20
36
31
1
4
23
22
1
0
137
134
12,359
5,390
4,771
557
967
438
562
909
570
7
5,134
901
3,169
468
684
395
375
207
498
c
>42
270
3,313
340
^2,083
299
265
45
47
186
47
1,177
1,026
16
135
618
131
256
9
124
37
2,237
145
1,636
208
106
4
12
119
8
901
840
4
57
294
65
150
4
17
1
1
50
6
171
139
1
31
509
32
347
(D)
59
2
9
336
2
(DD)
(D)
( )
358
134
3
126
1
210
3
198
• 96
177
24
79
18
(D)
'<•!
4
0
59
53
1
5
n
(*)
16
644
(DD)
( )
41
3
(°)
11
264
253
2
2
6
0
32
1
0
3
0
0
24
1
0
n0
0
0
0
0
0
0
0
0
1,414
316
257
1j311
297
245
59
1,097
2
203
893
52
1,014
760
113
37
156
454
Developing countries
Latin America and Other Western Hemisphere
South America
Argentina
Brazil .
Chile
Colombia
Ecuador
Peru
Venezuela
Other
Central America
Mexico
Panama
Other
... .
Other Western Hemisphere
Bahamas
Bermuda
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
Other Africa
Saharan
Egypt
Libya
Other
Sub-Saharan
Liberia
Nigeria
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Other Asia and Pacific
Hong Kong
India
Indonesia
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Other
International2
Addendum—OPEC3
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 4, table 1.
s
(°)
31
1
7
23
n
(D)
n
n
fi
n
n
0
2
38
9
7
0
3
29
0
2
27
12
2
1
0
1
10
0
0
10
619
0
(D)
154
(D)
71
70
1
2
2
1
0
0
5,050
561
24
1,455
807
180
614
319
343
377
369
2,559
1,492
80
16
(D)
190
119
382
276
258
105
(D)
954
288
2,441
1,994
n
n
28
814
T
1,192
603
18
120
1
n
245
(D)
n
n
74
n0
1
2
9
3
24
10
17
7
152
144
2
6
(
n
n
0
0
1
'l
n
o0
9
4
10
2
1
0
1
8
0
0
8
{
n0
<1
D0
()
(°)
2
1
n0
n
272
(D)
n
20
43
22
97
31
24
17
0
0
n
n
n0
n
(D0)
n0
0
16
0
n
n
n
n
n0
(D)
0
0
8
1
n0
0
n
186
D9
(D)
0
1
0
0
0
0
0
80
0
i
<i;!
0
73
73
0
1
8
33
n0
fi
(( )
1
0
124
1
17
7
1
0
0
n
(D)
62
62
n
n0
639
27
0
1
153
37
191
60
130
41
(*)
(
2
fi
n0
(D)
*!40
1
)
D
n
288
288
0
0
20
1
142
128
1
13
0
0
0
0
0
0
0
0
4
0
0
1
0
1
0
3
<r!
0
0
0
0
0
0
0
0
0
0
0
0
0
0
72
n0
0
0
0
(D)
3
n0
0
i
0
3
8
(D)
23
3
88
73
4
11
5
1
0
2
n
(*)
n
n
n
n
(°)4
0
°)4
( }
5
5
(D)
n0
112
1
69
n1
1
n
n
16
78
n
n
62
Q
727
898
8
466
166
258
6
n
i:2i
n
(D0)
n(*)
0
5
0
8
fi
(D)
8
n
n
fi1
n
n0
0
n
n0
n
1
8(*)
fi
n
214
2
0
n
n
(*)
0
1
2
1
(D)
29
fi
fi
3
1
0
3
7
n
(D1)
(D)
1
n
45
9
0
4
78
38
(°)
9
4
DJ
8
n
n1
3
1
AD
( )
1
(D)
(
1
n
4
1
(°)
n
(°)
n
(°)0
(°)0
(*)
n
17
8(°)
83
fi
122
<i;i
'1
(D)
288
80
<">
<]
80
fi
15
30
D
)
D
)
9
30
28
89
D
)
D\
0
n
147
(*)
Japan
D
n
n
54
fi
(°)
24
(*)
(°)
0
fi
(D)
n
n
545
258
0
218
D
( )
23
2
1
2
3
n
667
155
52
47
5
n
4
n
23
42
5
2. See footnote 5, table 1.
3. See footnote 6, table 1.
NOTE.—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
7
239
SURVEY OF CURRENT BUSINESS
54 • September 1992
Table 3.2—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 1991
[Millions of dollars]
Manufacturing
Primary
Machinand fabri- ery, excated
cept elecmetals
trical
Electric
and electronic
equipment
Finance
(except
Whole- banking),
sale trade nsurance,
and real
estate
Other
industries
All
industries
Petroleum
All countries
62,324
19,169
27,754
2,517
6,423
1,109
4,420
2,587
5,614
5,085
4,659
2,22 3
2,898
5,621
Developed countries
48,657
12,955
23,237
1,952
5,324
714
3,984
1,672
5,145
4,446
4,073
1,92 5
2,711
3,755
8,441
2,088
3,437
237
918
206
329
153
925
670
326
46 0
499
1,631
34,832
9,544
17,283
1,497
3,555
453
3,022
1,131
4,078
3,548
3,130
1,32 7
1,978
1,570
32,037
1,324
285
3,867
6,540
71
609
1,955
108
2,092
165
1,250
13,773
8,100
46
16,710
883
84
2,352
4,658
42
448
1,293
61
1,344
92
878
4,573
1,454
41
39
162
277
24
35
85
0
277
33
105
375
3,488
469
8
558
344
14
165
342
7
420
25
218
919
438
23
6
44
146
0
14
34
3
43
2,918
68
0
715
902
0
81
281
1,057
39
3,955
107
3,401
136
2,704
156
76
569
771
15
14
196
1,17 4
1,857
149
40
282
257
1,491
n
140
(; 1)
('>)
1C 2
n
101
3
160
716
21
136
611
1
5
66 0
31
63
831
573
60
42
20
0
66
15
8
147
7
4
8
32
58
426
105
1£ 2
i
121
Canada
Europe
.
.
European Communities (12)
Belgium
Denmark
France
Germany2
Greece
Ireland
Italy
Luxembourg
Netherlands
Portugal
Spain
United Kingdom
Other Europe
Austria
Finland
Norway
Sweden
Switzerland
Turkey
Other
2,795
217
64
1,351
256
565
91
250
.. .
japan
2,327
Australia New Zealand and South Africa
Australia
New Zealand
South Africa
....
.
3,056
2,765
183
108
Developing countries
12,875
Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru . .
Venezuela
Other
Central America
Mexico
Panama
Other
.
.
.
.
5,224
.
Other Western Hemisphere
Bahamas
Bermuda
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other
Other Africa
Saharan
Egypt
Libya
Other
Sub-Saharan
Liberia
Nigeria
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Other Asia and Pacific
Hong Kong
India
Indonesia
Malaysia
PhilioDines
Singapore
South Korea
Taiwan
Thailand
Other
International3
Addendum—OPEC4
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 1.
2. See footnote 4, table 1.
3. See footnote 5, table 1.
Food and
kindred
products
Total
D
( )
313
381
9
55
(
°l
336
17
48
6,629
1,445
n
D
D
( )
D
145
119
30
189
( )
1,266
( )
(D)
44
50
n
(D)
1,030
68
n
n
1,648
869
810
20
39
n
(D)
115
fl
3
n
(°)0
0
2
n
447
15
404
377
11
16
41
36
1
4
n
(24D)
fl
(D)
(D)
65
311
75
10
,!]
15
1
n
126
1,836
0
10
105
0
(D)
(°)
236
1,508
123
(D)
0
0
(
1
( )
624
961
3
90
265
8
n
31
62
185
n
469
639
586
2<)8
187
rn
101
706
48
251
15
55
40
256
188
424
467
267
329
225
74
2
66
207
2
192
312
163
(D)
245
2
8
8
59
2
0
0
787
377
4
10
(D)
0
(D)
0
99
6
(D)
1,314
358
279
(*)
79
956
n
475
481
n0
0
1
0
0
4
40
9
7
0
2
31
0
4
27
16
4
3
0
1
12
0
1
10
9
2
2
0
1
6
0
2
4
4
4
2
1
(*)
0
0
si
n
596
0
22
77
496
77
76
1
5,513
736
18
1,586
894
194
626
214
351
413
483
2,832
108
6
1,266
590
21
171
1
1,472
64
10
36
291
114
364
166
260
107
58
88
144
n
792
427
2,554
2,042
47
C5)
0
(*)
(D)
(*)
726
111
31
86
498
272
398
15
1
3
n
8
n
19
C)
0
0
0
(*)0
0
0
9
1
1
0
1
8
0
0
8
n
8
n
31
31
0
0
0
0
0
0
0
0
0
0
n
F
0
0
n0
n
n
2
1
1
0
0
1
0
63
63
5
37
c
179
16
12
20
15
32
44
1
(i
1
0
0
0
0
0
0
0
n
17
0
114
110
0
3
1
1
301
7
3
9
21
37
88
53
29
15
39
n
r!
fl4
(*)
(*)
q
1
(
8
c
C
it
7
]
r)
(D)
6
25
11
D
i7
^5
12
347
234
227
2
5
1
n
( )
n
n8
281
236
38
7
508
36
387
n
35
78
(
137
120
7
9
788
0
2
n
67
69
3
120
469
126
124
1
1
280
90
121
4
16
2
1
27
19
174
155
1
19
1
(D)
31
0
25
<<•!
15
14
1
0
457
(D)
(D)
n
fl
336
2,928
n
n0
(*)0
15 0
92
92
1,045
(D)
(D)
3
1
2
5
;)
i *)
<R
16
914
n
3
5
n
301
308
374
437
n
25
0
8
n
394
(D)
128
69
{ >!
16 4
Services
n
(°)
1,099
6
6
22
n
n
(D)
n
(*)
104
6
1
1
( )
123
192
1
53
181
1
D
565
1,935
186
1,285
274
57
4
8
99
22
934
889
4
41
85
1,035
1
480
554
(D)
101
(D)
70
643
D
Other
manufacturing
4,517
633
132
208
1,412
376
291
4
n
n
n
n
27
n
23
(D)
136
Transportation
equipment
5,786
3,130
398
1,657
373
223
81
34
196
169
1,307
1,099
46
162
(D)
(D)
52
3
106
13
364
n
Chemicals and
allied
products
662
16
0
1
199
49
168
36
154
38
1
n
n0
11
n
217
n
n
n
n
18
217
0
0
2
146
134
1
10
0
0
0
0
0
0
0
0
10
0
0
2
0
1
0
7
0
0
0
0
0
0
0
0
0
5
0
0
0
0
0
n0
0
n4
0
1
4
7
7
n0
0
45
160
31
4
0
0
D0
(D)
n0
()
n0
n
10
18
55
35
3
100
82
(D)
0
(
•)
c2
0
KJO
(,>)
>6
12
1
*)
0
( >)
0
52
( >)
n
(3
5
25
5
7
*\
1
n
n1
11
n
4
n
n
n
n
(D)
1
5
n
289
96
4n
48
41
1
I
(D)
40
1
D
0
1
(°)
29
24
(*)
24
(D)
(D)
3
1
0
5
4
2
;)
3
2
2
0
0
2
0
(*)
(*)
0
2
1
:;)
:|
118
52
2
B
Dl
C
0
( )
12
2
n
21
n
3£
2
1
11
21
58
Dl
D
2
n
n
n
151
n
n
n
32
25
n
(D)
503
(D)
n
1,501
<P!1
n
n
%
158
297
(°)
(D)
9
1
4
fl
(D)
Hn
0
(D1)
n
(D)
(D0)
4
(*)
fl
52
7
0
751
409
0
n
c
31
1
2
4
0
(D)
n
36
3
2
n6
n
365
5
4. See footnote 6, table 1.
NOTE.—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
•0.3MD)
278
September 1992 • 55
SURVEY OF CURRENT BUSINESS
Table 3.3—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 19921
[Millions of dollars]
Manufacturing
All
industries Petroleum
All countries ..
Developed countries
Total
Food and
kindred
products
Chemicals and
allied
products
Primary
Machinand fabri- ery, excated
cept elecmetals
trical
Electric
and electronic
equipment
Transportation
equipment
Finance
(except
banking),
WholeOther
insurance,
sale
trade
manufacand real
turing
estate
Services
Other
industries
64,548
20,195
29,095
2,9 32
6,324
1,255
4,106
2,690
6,354
5,434
4,739
2,095
3,226
5,199
3,327
48,988
13,038
23,681
2,2 39
5,247
815
3,668
1,576
5,424
4,682
4,123
1,770
3,050
Canada
7,556
1,812
3,335
2{39
689
157
241
147
1,061
751
362
449
510
1,088
Europe .
36,255
9,940
18,043
1,7< 15
3,735
620
2,926
1,063
4,247
3,708
3,165
1,085
2,286
1,735
33,154
1,441
294
4,072
6,935
67
909
2,069
83
2,045
221
1,690
13,326
8,481
70
(D)
309
446
8
74
17,425
923
60
2,526
4,935
35
674
1,413
40
1,120
129
1,246
4,325
1,6 78
12
33
1 rg
3 31
23
1 32
75
0
2 56
70
1 21
4 4
3,633
485
6
594
385
8
282
436
4
362
29
190
853
598
48
5
44
170
0
6
39
(D)
56
2,828
61
0
730
755
0
78
346
(D)
105
(D)
77
661
997
39
8
138
166
1
111
172
1
(D)
(D)
59
227
4,150
64
3,540
155
7
719
1,010
2
90
247
21
260
4
134
892
2,617
179
95
502
759
18
12
204
3,101
385
56
1,362
225
668
123
282
1,458
37
27
0
*)
6
( >)
9
( D)
101
(D)
(D)
(D)
13
34
(D)
29
22
4
n
n
(DD)
( 0)
98
4
1
1
80
6
0
5
65
4
25
35
69
618
52
(D)
(D)
136
153
63
189
fl( )
8
167
4
3
7
31
73
(D)
(D)
japan
2,313
(D)
1,454
35
423
12
470
342
11
Australia New Zealand and South Africa
Australia
New Zealand
South Africa
2,864
2,568
178
118
(D)
987
69
(D)
849
770
33
46
1 39
1 35
*)
400
360
22
18
26
18
1
8
31
26
24
23
1
0
14,950
6,803
5,414
6 33
1,076
440
438
6,028
947
3,661
5 9
758
380
263
3,309
406
1,692
420
296
76
72
207
141
2,008
1,737
59
213
580
117
134
(D)
166
62
(D)
19
(D)
44
4
14
26
2,062
211
1,368
(D)
(D)
34
1 35
19
6
29
2
1
35
6
2 32
1 79
1
22
416
48
281
7
31
1
5
42
346
(D)
(D)
(DD)
( )
235
(D)
711
61
(D)
63
3
(D)
8
246
323
4
European Communities (12)
Belgium
Denmark
France
Germany2
Greece . . ..
Ireland
Italy
Luxembourg
Netherlands
Portugal
Spain
United Kingdom
Other Europe
Austria
Finland
Norway
Sweden
Switzerland
Turkey
Other
Developing countries
Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other
Central America
Mexico
Panama
Other
. .
Other Western Hemisphere
Bahamas
Bermuda
Jamaica
.
. .
. . .
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands Caribbean
Other
Other Africa
Saharan
Egypt .
Libya
Other
Sub-Saharan
Liberia .
Nigeria
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Other Asia and Pacific
Hong Kong
India
Indonesia
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Other
. ..
. .
Internationa)3
Addendum—OPEC4
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 1.
2. See footnote 4, table 1.
3. See footnote 5, table 1.
<D
426
26
43
6,784
^
8
'3
9
145
18
(D)
1,481
8
<°>
D0
3
0
0
6
(D)
11n
1
0
1
1,365
398
280
H
118
967
4
483
480
1,246
373
262
44
13
11
0
2
31
0
7
24
4
6
6
0
*)
901
107
32
89
674
772
0
21
79
672
84
78
6
7
4
3
0
0
6,655
769
29
1,905
1,009
266
932
206
336
664
540
3,838
1,625
62
21
(D)
277
131
447
168
244
153
D
610
354
2,866
2,283
(
(°i)
n
112
873
1
475
398
(D
l
1,553
715
(D)
389
1
3
455
442
()
n
8
()
(D)
0
1
7
1 24
3
')
2
4
25
3
8
1
23
34
43
fl
284
8
P,
n
91
136
2
10
a
27
(
l
(D
^
1
0
1
n
28
28
0
<J
n
n0
0
0
0
2
(*)0
0
0
0
0
0
0
0
0
0
0
11
2
1
0
1
9
0
5
5
11
1
3
3
0
1
8
0
0
8
8
1
2
0
(D)
0
0
0
0
1
0
1
(
n
n
1
1
(*)
0
0
n
i
306
6
2
22
15
46
90
51
36
13
23
70
46
6
(D)
n3
n6
2
2
(D
^
14
0
0
173
5
6
(D)
<;•!
90
2
14
9
4
(D)
(D)
(D)
56
95
5
(D)
36
(°)
116
(D)
6
373
2,144
159
(D)
326
325
1
3
106
(D)
148
32
60
939
75
(°)
122
454
549
246
29
46
54
156
15
3
(D)
142
11
n
101
397
186
105
103
0
1
123
105
9
9
199
169
21
8
50
37
13
0
1,114
930
752
616
298
880
563
269
174
1
159
2
2
239
2
226
338
21
259
2
17
164
29
58
20
(D)
2
81
93
641
0
0
214
200
1
12
101
(D)
(D)
(D)
0
0
0
0
0
0
0
0
11
0
0
2
0
1
0
8
0
0
0
0
0
0
0
0
0
4
D
19
1
(D)
n
n
10
0
123
121
0
2
.8
2,116
0
6
98
0
(D)
&
1,142
97
(D)
0
0
{D
l
•3
n0
9
efl
1
0
0
0
0
0
8
2
1
1
0
0
1
0
n
n
65
65
0
0
0
0
0
8
0
749
19
0
8
222
43
234
30
134
57
3
(
50
'l
0
0
0
n
ifl
25
212
450
4
1
n
1
1
0
1
(D)
n
0
n
(D0)
n
n
27
11
88
4
n
(°)
(°)
158
!°j
353
374
fl( )
D
n
(D)
8
R
20
(D)
(D)
(D)
P)
447
(°)
(D)
325
176
1,616
194
97
860
89
29
29
21
1
46
3
38
1
368
16
65
143
n0
9
0
(D)
(D)
(D)
8
3
R(
i
1
D
n0
n0
11
33
29
n4
18
9
1
3
1
0
1
3
(
n
1
1
( )
216
(D)
(D)
116
D
276
(D)
(D)
9
1
fl
'an
0
2
8
«a
?i
1
n
<ri
n
178
23
(D)
2
311
92
129
59
2
51
8
0
701
(D }
i°)
6
4
54
33
44
36
19
(
'l
0
n
0
n
3
0
4
(D)
n
(D)
(
*l( ) 8
D
0
0
1
<31
1
7
7
•30
0
n
n
23
n6
i
2
38
(D)
1
°4
4
n
n
5
31
1
1
4
0
0
(D4)
fl
(°)
0
o
(D)
4
53
2
2
6
8
256
(D)
18
9
41
66
9
4. See footnote 6, table 1.
NOTE.—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
7
(°)
SURVEY OF CURRENT BUSINESS
September 1992
U.S. International Transactions,
Second Quarter 1992
By Christopher L. Bach
nr'HE U.S. current-account deficit was $17.8
JL billion in the second quarter of 1992, compared with a deficit of $5.9 billion (revised) in
the first quarter (table A).1 Most of the increase
was due to a sharp rise in the merchandise trade
deficit. However, the surpluses on both services
and investment income decreased, and net unilateral transfers increased, each contributing to
the deficit by small amounts.
Net recorded capital inflows increased to $37.4
billion in the second quarter from $14.3 billion
i. Quarterly estimates of U.S. current- and capital-account components
are seasonally adjusted when significant seasonal patterns are present. The
accompanying tables present both adjusted and unadjusted estimates.
Table A.—Summary of U.S. International Transactions
[Millions of dollars, seasonally adjusted]
1992
1991
Lines in tables 1 and 10 in which transactions are included are indicated in ( }
Line
1991
1990
II
I
1
2
3
4
Exports of goods, services, and income (1)
Merchandise excluding military (2)
Services (3)
Income receipts on investments (11)
5
6
7
8
Imports of goods, services, and income (15)
Merchandise excluding military (16)
Services (17)
Income payments on investments (25)
9
IV
III
l
r
Change:
1992 HI
II"
180,084
107580
44426
28078
-1,085
-738,401 -716,624 -176,268 -176,594 -180,907 -182,856 -180,073 -190,153
-489 398 -118962 -119721 -124325 -126 390 -125168 -131 998
-116583 -118341 -28 773 -29 589 -29 754 -30 226 -30 880 -31 454
-124,261 -108886 -28 533 ,-27 284
-26 828 -26 240 -24 025 -26 701
-10,080
-6830
704,914
415962
163637
125315
680,890
388 705
148 638
143547
174,262
100636
38128
35498
174,910
103324
40371
31 215
175832
104151
41 777
29904
179,911
107851
43362
28698
181,169
107946
44724
28499
-497 558
Unilateral transfers (29)
-32 91 6
8028
10
11
12
13
U.S. assets abroad, net (increase/capital outflow (-)) (33)
U.S. official reserve assets, net (34)
U.S. Government assets, other than official reserve assets net (39) .
U S private assets net (43)
-56,321
-2,158
2,304
-56 467
-62,220
5763
3397
-71 379
14
15
16
Foreign assets in the United States.net (increase/ capital inflow (+)) (48)
Foreign official assets, net (49)
Other foreign assets, net (56)
99,379
33,908
65,471
66,980
18,407
48,573
17
18
Allocations of special drawing rights (62)
Statistical discrepancy (63)
47370
19
Memorandum:
Balance on current account (69)
-90,428
-366
-298
-421
-574
-2676
14199
4 115
-6012
-4273
-6999
-7719
-720
-640
-353
-7,050
1 014
-10368
3877
-44158
1 225
-5,732
1 464
-1,482
1 073
-1 360
-209
2521
-171
-7644
-17426
-44947
-4,250
-1 057
-38
-3,155
-6987
-3832
-7,840
5,650
-13,490
2,959
-4,178
48929
12,819
36110
18.563
21.192
-2.629
43,087
21,071
22,016
24,524
7137
22933
4,115
18818
-1 078
-3713
1 660
-1 478
2447
8410
-19 567
-11 157
-3,682
12,193
2431
-1 1 ,087
-7218
-5,903
-17,788
-11,885
-420
-437
3180
-121
24645
T
Revised.
p Preliminary.
Table B.—Indexes of Foreign Currency Price of the U.S. Dollar
[December 1980=100]
19 92
1991
II
III
IV
I
19 32
1991
II
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Trade-weighted average against 26 currencies ]
99.9
98.7
95.5
97.2
96.8
101.0
99.8
99.4
97.0
96.8
96.2
93.7
96.0
97.3
98.4
98.7
97.0
94.7
Trade-weighted average against 10 currencies2
102.3
102.6
96.9
97.0
96.8
104.7
104.7
102.8
100.3
99.8
968
942
947
96.9
99.5
98.8
97.1
94.5
Selected currencies:3
Canada
European Monetary System currencies:4
Belgium
France
Germany
Italy
Netherlands
United Kingdom
Switzerland
Japan
96.0
95.6
112.7
1132
1299
1291
.
883
138.4
91 5
137.6
828
659
885
1390
91 8
1392
851
649
949
98.4
99.9
95.6
96.1
95.7
95.1
94.3
1057
1053
105.0
115.9
116.1
113.4
110.2
121 8
826
130.6
857
121 1
824
130.6
854
132.7
81 7
612
1195
1328
1331
1301
1265
1099
1265
821
130.0
851
130.0
830
907
142.7
940
142.3
859
908
142.7
942
142.2
869
887
139.0
920
139.4
853
861
135.4
893
136.0
831
62.1
66.5
65.6
65.1
63.9
1322
804
61 6
1. Currencies of 22 OECD countries—Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France,
Germany, Greece, Iceland, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom—plus Hong Kong, Republic of Korea, Singapore, and Taiwan. Data: U.S. Department of the Treasury. End-of-month rates for months; averages of end-of-month rates for quarters.
859
135.4
891
136.3
830
622
945
1055
121 6
824
130.5
855
131 9
805
61 7
96.7
98.9
99.7
99.3
100.3
100.0
1017
1173
1027
1183
105.3
121 0
108.0
107.2
122.5
105.5
119.8
102.3
795
125.9
825
128.5
77 8
803
127.4
832
129.8
788
82.3
83.9
82.5
1163
80.0
130.5
127.4
60.9
59.7
959
1239
84.5
130.5
853
132.1
133.8
87.6
86.9
85.5
83.0
136.2
132.1
133.7
129.8
126.6
81.7
60.8
84.7
63.2
85.3
83.7
80.0
60.4
63£ , 62.2
2. Currencies of Belgium, Canada, France, Germany, Italy, Japan, Netherlands. Sweden, Switzerland, and United
Kingdom. Data: Federal Reserve Board. Monthly and quarterly average rates. Index rebased by BEA.
3. Data: Federal Reserve Board. Monthly and quarterly average rates. Indexes prepared by BEA.
4. Beginning October 1990, includes United Kingdom.
SURVEY OF CURRENT BUSINESS
in the first. In the second quarter, large foreign
official inflows were augmented by large private
capital inflows, mostly into U.S. Treasury and
corporate bonds.
The statistical discrepancy (errors and omis-/
sions in recorded transactions) was an outflow of
$19.6 billion in the second quarter, following an
outflow of $8.4 billion in the first.
September 1992
Interest Rale Wjff^itiaJs
-
(Plus (+) Indicates Diflerentials in Favor of U.S. Dollar Assets)
LONG TERM1
Japan
- 2
0
U.S. dollar in exchange markets
<~2
From the end of March to the end of June, the
dollar depreciated 5 percent on a trade-weighted
basis against the currencies of 10 industrial countries and 4 percent against the combined currencies of 22 OECD countries and 4 newly industrialized countries in the Far East, returning to the
same levels as at the end of December against
most currencies (table B, chart i). The dollar
had risen strongly during the first quarter largely
because of expectations of a rapid pickup in economic activity, but it fell in the second quarter
when expectations of growth were tempered by
discouraging reports on employment, new home
sales, and durable goods orders. In addition,
steep declines in both short-term and long-term
U.S. interest rates to their lowest levels in 20 years
further increased already wide interest-rate differentials against dollar assets. Consequently, the
-4
'4
SHORT TERM 2
2
0
-2
Germany
United Kingdom
\
(i
xx
^-^
\
,~>'
/ \_/
v
i i iI i i i i i I i i i i i I i i i i i I i i i i i I
1990
;1991
\, Mteresf rate ort U,& Governmentfeond${composite QV«£'1§ year^} lt$$ fr.
rate on Japanese Central jQovemmeni, bonds. Merest ration U.S/ Government
ijonds.{composite over 10years) less jhfemst 0w on G$nrtan74$y^rpoWte,
sector bofids, iffl#estrafeonU$I^emm^
less interest rate <sn llnfted Kir^om 20^ear government bbrnk 0at£ OE£D,
2, interest rate of? 9Way £u^
,
oh0a-d£y£w«3dofedepositsJjess-GermaatrtoaokMelMercf^rmoft' -."•
; 90-day Eurodollar deposits less United Kingdom Interbank rate. Data: Federal
Reserve Soa^j,
,
,
;, !
UiS; Oepartmerit
Indexes of Foreign Currency Price of the U.S. Dollar (December 1980=100)
120
I TRADE-WEIGHTED AVERAGES
110
100
90
1990
i;CuAteKfe$ of 22 0£CD countries —Austrafe, Austria, 8e{0tum-tuxemo,ottfg, Canada,
,
r
,
,
,i, Norway, Portugat, Spain, S#efo, Sv^feerland Jurkey, ]M& Kingdom -,pfu$ Hong Kong, fiepubltc of Kom; Singapore, and
Taiwan:,
1
'
'-''
2. Owrendel M8e$um, Canada, Francfe,,$errnany, ftafyt Japan, Netneriandi Sweden, Switzerland, and Unite# Kingdom,;
Oata: Pteaf Reserve B6ard Monthly average rates. Index rebasedfcy SEA,
,
^
,
U,S. Department of Commerce, Bureau of Economic AnaVste
- " "
•. ' • " • • , . ' . :l• " ' .
,. T • >:/--''
-'-;
,
; -43992;-
•
57
SURVEY OF CURRENT BUSINESS
• September 1992
dollar approached historic lows against both the
German mark and Japanese yen (chart 2).
Against the German mark, the dollar depreciated 6 percent; German interest rates rose further
as monetary authorities continued to be concerned about the high costs of unification, high
wage settlements and inflation, and a money supply that was rising more rapidly than anticipated.
The mark may also have benefited from uncertainties about whether key countries would join
the European Monetary Union.
Against the Japanese yen, the dollar depreciated 4 percent; Japanese monetary authorities, in
response to slowing growth and record trade surpluses, permitted interest rates in Japan to fall at
about the same pace as rates in the United States.
Against the currencies of the newly industrialized countries, the U.S. dollar appreciated
2 percent against the South Korean won. In
contrast, it depreciated 2 percent against both
the Singapore dollar and Taiwan dollar. It was
unchanged against the Hong Kong dollar.
Current Account
Merchandise trade
The merchandise trade deficit increased to $24.4
billion in the second quarter from $17.2 billion
in the first. The increase was mostly the result of a rise in imports, both nonpetroleum and
petroleum.
Exports.—Exports decreased $0.4 billion, or less
than i percent, to $107.6 billion in the second quarter. Slower growth in major industrial
countries has restrained exports in recent quarters, especially nonagricultural exports. However,
nonagricultural exports to developing countries
in Latin America and to "other" countries in Asia
and Africa have continued to rise strongly.
Nonagricultural exports were unchanged at
$97.1 billion in the second quarter; volume, in
constant (1987) dollars, increased less than i percent (table C). In current dollars, a decrease in
completed civilian aircraft from a record high in
the first quarter was offset by a large increase
in automotive products and a much smaller increase in computers, peripherals, and parts. The
increase in automotive products was in passenger cars to Canada, in parts and accessories to
Canada and Mexico, and in trucks, buses, and
special purpose vehicles to Saudi Arabia.
Agricultural exports decreased $0.3 billion, or
3 percent, to $10.5 billion in the second quarter; volume, in constant (1987) dollars, decreased
3 percent. The decrease in current dollars was
largely in wheat exports to Eastern Europe, Pakistan, and Egypt. The decrease would have been
larger if the price of wheat had not risen 9 percent. Prices were pushed higher, in part, because
U.S. wheat stocks were at their lowest level since
the 1975-76 marketing year.
Agricultural trade with republics of the former Soviet Union has changed dramatically since
its dissolution. As recently as 1988 and 1989,
the Soviet Union was a major buyer of U.S.
agricultural products, especially wheat, nearly all
on a cash basis. However, shipments dropped
sharply in 1990 and 1991, and since the dissolution of the Soviet Union in December 1991,
internal changes stemming from the organization of new governments and the transition to
market-based economies have limited the foreign
exchange available to purchase U.S. agricultural
products.
In order to boost shipments in 1992, the United
States has substantially expanded the use of its export credit guarantee program, whereby the U.S.
Government guarantees the repayment of agricultural credits extended by U.S. banks in the
event of default. The use of this program has
helped increase the U.S. share of wheat imports
by the Commonwealth of Independent States
from 14 percent in the 1990-91 marketing year to
Table C.—U.S. Merchandise Trade, Current and Constant (1987) Dollars
[Balance of payments basis, millions of dollars, quarters seasonally adjusted]
Current dollars
Constant (1987) dollars
1992
1991
1990
1990
I
II
III
IV
V
1992
1991
1991
1991'
\P
\r
llr
lllr
IV
\r
II'
Exports
Agricultural products
Nonagricultural products
388,705 415,962 100,636 103,324 104,151 107,851 107,946 107,580
40,186 40,127
9,800
9,366 10,170 10,791 10,823 10,500
348,519 375,835 90,836 93,958 93,981 97,060 97,123 97,080
360,836 387,373
35,127 35,469
325,709 351,904
Imports
Petroleum and products
Nonpetroleum products
497,558 489,398 118,962 119,721 124,325 126,390 125,168 131,998
62,297 51,178 12,924 12,937 13,122 12,195 10,368 12,965
435,261 438,220 106,038 106,784 111,203 114,195 114,800 119,033
452,796 455,958 108,161 111,808 117,336 118,653 113.578 125,766
52,077 48,640 11,046 12,873 13,096 11,625 •%689 12,761
400,719 407,318 97,115 98,935 104,240 107,028 t40?,889 113,005
r
Revised.
p Preliminary.
93,010
8,642
84,368
96,061
8,223
87,838
97,544 100,758 101,151 101,335
9,524
9,080
9,672
9,425
88,464 91,234 91,479 91,910
SURVEY OF CURRENT BUSINESS
about 33 percent in the 1991-92 marketing year.
As of May 8,1992, no guarantee claims have been
paid to U.S. banks for failure of covered program
loans.
Imports.—Imports increased $6.8 billion, or 5
percent, to $132.0 billion in the second quarter.
Over the past five quarters, a strong
increase in capital goods has been accompanied by significant increases in consumer goods,
nonpetroleum industrial supplies and materials, and foods, feeds, and beverages (chart 3).
Consumer goods—from China, the newly industrialized countries, and, to a much lesser extent,
Mexico—have been the largest contributor to this
rise in noncapital imports; consumer goods from
Japan have changed little.
Nonpetroleum imports increased $4.2 billion,
or 4 percent, to $119.0 billion in the second
quarter; volume, in constant (1987) dollars, increased 5 percent. In current dollars, the largest
increases were in capital goods (mostly in computers, peripherals, and parts and in completed
civilian aircraft), in nonpetroleum industrial sup-
Growth in U.S. Merchandise
Nonpetroleum Exports and Imports
(1987:ls:1dO)
September 1992 •
plies and materials (mostly in nonferrous metals,
which were boosted by a significant step-up in
prices), and in consumer goods. By area, the
largest increases were in capital goods from Western Europe, nonpetroleum industrial supplies
and materials from "other" countries in Asia
and Africa, and consumer goods from Mexico,
"other" countries in Asia and Africa, and Japan.
Petroleum imports increased $2.6 billion, or 25
percent, to $13.0 billion in the second quarter.
The average price per barrel increased to $17.48
from $15.27; the average number of barrels imported daily increased to 8.12 million from 7.44
million. Despite these sharp increases, the number of barrels imported and their average price
were no higher than a year ago. In the second
quarter, consumption and domestic production
decreased, while inventories increased.
Balances by area.—The deficits with both the industrial countries and the developing countries
increased in the second quarter. With the industrial countries, the deficit increased $5.9 billion,
to $13.8 billion, mostly as a result of a drop in the
trade surplus with Western Europe; the balance
with Japan was unchanged. With the developing countries, the deficit increased $1.3 billion, to
$10.6 billion, mostly as a result of an increase in
the deficit with OPEC members in Africa.
Service transactions
240
EXPORTS
220 ^_ — Consumer goods (nonfood)
— Capital goods*
- - Automotive vehicles,i, parts,
200
and engines
- - Industrial supplies
180
and materials**
- - Foods, feeds,
and beverages
160
140
120
100
80
200
IMPORTS
_ — Consumer goods (nonfood)*
— Capital goods*
- - Automotive vehicles, parts, and engines
160 - - Industrial supplies and materials*11
- - Foods, feeds, and
140
180
120
100
I I l I I I I I I I I
80
lftS'7
1988
1989
1990
* Except auirtfeth/e ** Excluding petroleum
U.S. Department of Commerce, Bureau of Economic Analysis
i..r-1'..t.
1991
1992
The surplus on service transactions decreased
to $13.0 billion in the second quarter from
$13.8 billion in the first. Receipts decreased to
$44.4 billion from $44.7 billion, and payments
increased to $31.5 billion from $30.9 billion.
Travel receipts were unchanged at $13.7 billion;
higher receipts from Mexico offset lower receipts
from overseas. Travel payments were unchanged
at $10.9 billion; higher payments to Mexico offset
a decrease in payments overseas.
Passenger fare receipts increased slightly to $4.3
billion, and passenger fare payments increased
slightly to $2.9 billion.
Other transportation receipts increased $0.2
billion, to $6.3 billion, as a result of higher
ocean port expenditures. Other transportation
payments were little changed at $5.8 billion.
Other private service receipts decreased to $12.3
billion from $12.8 billion, and other private service payments increased to $6.7 billion from $6.2
billion.
Transfers under U.S. military sales contracts
dropped to $2.8 billion from $3.0 billion; they had
been especially high in the previous two quarters
59
SURVEY OF CURRENT BUSINESS
6O • September 1992
because of a bunching of aircraft deliveries. Direct defense expenditures abroad dropped to $3.4
billion from $3.6 billion. Unexpectedly strong
expenditures on contractual services have slowed
the pace of decline in overall expenditures in
recent quarters. Other key components of direct defense expenditures, such as expenditures
by U.S. military personnel and expenditures for
petroleum, have declined more rapidly, reflecting
the sizable reduction of U.S. forces abroad.
Investment income
The surplus on investment income dropped to
$1.4 billion in the second quarter from $4.5 billion
in the first. An increase in payments of income
on foreign assets in the United States accounted
for most of the drop; receipts of income on U.S.
assets abroad decreased by a small amount.
Direct investment income.—Receipts of income on
U.S. direct investment abroad decreased slightly
to $12.9 billion in the second quarter. Operating earnings were virtually unchanged, as a
decline in Western Europe (partly due to weak
auto sales) was offset by an increase in the Pacific
Rim countries.
Income on foreign direct investment in the
United States shifted to a profit of $1.3 billion
in the second quarter from a loss of $0.9 billion in the first. The shift partly resulted from a
reduction in losses of U.S. affiliates of Japanese
banks.
Portfolio investment income.—Receipts of income
on other private investment abroad were $13.6
billion in the second quarter, compared with
$14.1 billion in the first. Sharply lower interest rates and further substantial reductions in
bank claims reduced bank income receipts; the
reduction in bank income receipts was partly offset by larger receipts of dividends and interest
on U.S. holdings of foreign securities. Net U.S.
purchases of foreign securities were particularly
strong throughout 1991 and have remained relatively strong in the first half of 1992. Receipts
of income on U.S. Government assets increased
slightly to $1.6 billion.
Payments of income on other private investment in the United States were $15.7 billion,
compared with $15.3 billion; the increase primarily reflected increased interest payments on
foreign holdings of U.S. corporate bonds, which
have increased strongly over the past year. In
contrast, dividend payments slowed further as a
result of net foreign sales of U.S. stocks in the past
two quarters, and falling short-term interest rates
reduced interest payments on U.S. bank liabilities. Payments of income on U.S. Government
liabilities increased slightly to $9.7 billion.
Unilateral transfers
Net unilateral transfer payments were $7.7 billion
in the second quarter, up from $7.0 billion in
the first. The step-up was due mostly to an increase in U.S. Government grants to $3.0 billion
from $2.6 billion; second-quarter disbursements
were boosted by grants to Israel that normally
would have been disbursed in the fourth quarter
of 1991 but were postponed. The second-quarter
disbursements were partly offset by receipts of
$0.8 billion in cash contributions from coalition
partners in Operation Desert Storm. Although
these receipts were significantly higher than in
the previous quarter, this pattern will not continue, because less than $0.3 billion remains in
outstanding pledges to the United States.
U.S. Government pensions and other transfers
increased to $1.1 billion from $0.9 billion as a result of higher contributions to the United Nations
to meet the U.S. share of expanded peace-keeping
operations.
Capital Account
Net recorded capital inflows increased to $37.4
billion in the second quarter from $14.3 billion in
the first. U.S. assets abroad increased about the
same in both quarters, but foreign assets in the
United States increased substantially more in the
second quarter than in the first.
U.S. assets abroad
U.S. assets abroad increased $5.7 billion in the
second quarter, following an increase of $4.3 billion in the first. Outflows in both quarters
were held down by substantial reductions in U.S.
banks' claims.
U.S. official reserve assets.—U.S. official reserve
assets decreased $1.5 billion in the second quarter, following a $1.1 billion increase in the first.
Holdings of German marks declined during the
second quarter as part of an ongoing program
with German monetary authorities to reduce
U.S. holdings through a series of off-market
transactions.
Claims reported by banks.—U.S. claims on foreigners reported by U.S. banks decreased $12.6
billion in the second quarter, following a decrease
of $15.9 billion in the first.
SURVEY OF CURRENT BUSINESS
Banks' own claims payable in dollars decreased
$2.6 billion, following a $1.1 billion decrease.
Although interest-rate differentials favored borrowing in dollars and may have encouraged
limited interbank lending to Western Europe in
the second quarter, widespread repayments of
U.S. bank credits by both banks and nonbanks
abroad continued, especially by banks in the
Caribbean, and few new credits were extended.
The main reasons for the reduced activity in the
first half of 1992 were the same as those in 1991:
Slowing economic growth in industrial countries;
the pullback of Japanese banks from the U.S.
market; weakening demand for syndicated bank
credits that was aggravated by a further slowdown in international financing of mergers and
acquisitions; alternative financing that was available in the debt securities markets at attractive
interest rates; and U.S. banks' caution over the
credit worthiness of borrowers and the adequacy
of their own capital positions.
Banks' domestic customers' claims payable in
dollars decreased $9.7 billion, following a decrease of $2.0 billion. Most of the second-quarter
decrease was in deposits with foreign branches of
U.S banks, mainly in the Caribbean, but also in
the United Kingdom. U.S. money market mutual funds reduced their holdings of Eurodollar
certificates of deposit—the fifth consecutive quarterly drop in their offshore deposits—as investor
inflows into the mutual funds fell substantially.
Foreign securities.—Net U.S. purchases of foreign
securities were nearly unchanged in the second
quarter, decreasing $0.1 billion, to $8.6 billion.
However, the strong pace of investment in foreign stocks slowed sharply as net purchases were
halved, while net purchases of foreign bonds
accelerated.
Net U.S. purchases of foreign bonds increased
to $5.3 billion from $1.2 billion as a result of
substantial foreign new issues and a resumption of demand for outstanding bonds, especially bonds from the United Kingdom and the
Caribbean. Gross purchases and gross sales increased throughout the quarter. Foreign new
issues in the United States increased to $5.3 billion from $4.7 billion; the continued strength
reflected further declines in U.S. interest rates and
stable inflation prospects. Both foreign governments and lower-rated (less than prime-rated)
European companies took advantage of favorable borrowing conditions. Borrowing in the first
half of the year slowed moderately from the very
strong pace in the first half of 1991.
September 1992
Net U.S. purchases of foreign stocks decreased
to $3.3 billion from $7*5 billion. Although net
purchases were strong in April, slowing economic
growth abroad and falling stock prices in most
major markets dampened U.S. demand for these
assets in May and June. U.S. residents' gross purchases remained strong throughout the quarter,
but they were more than offset by rising gross
sales. Net purchases from Western Europe decreased $2.0 billion, mostly from decreased sales
in the United Kingdom, where stock prices declined sharply in May and June. Net purchases
from Japan decreased $1.2 billion, reflecting a
13-percent decline in stock prices, falling real
estate values, and further weakness in corporate earnings, especially in the banking sector.
Although net purchases of outstanding issues
slowed sharply, new issues of stock in the United
States, largely related to privatization of assets in
Latin America, remained strong. During the first
half of the year, transactions in both outstanding
stocks and new issues were only about two-thirds
of the pace in the first half of 1991.
Direct investment.—Net capital outflows for U.S.
direct investment abroad were $11.0 billion in the
second quarter, compared with $15.1 billion in the
first. The decrease reflected a decline in intercompany debt outflows to $4.7 billion from $8.3
billion, largely as a result of reduced outflows to
affiliates in the United Kingdom, and a decline
in equity capital outflows to $2.1 billion from $3.7
billion, largely as a result of reduced outflows to
affiliates in the Caribbean. These declines were
partly offset by an increase in reinvested earnings
to $4.2 billion from $3.7 billion.
Foreign assets in the United States
Foreign assets in the United States increased $43.1
billion in the second quarter, following an increase of $18^.6 billion in the first. The step-up
was largely due to foreign purchases of corporate
and U.S. Treasury debt securities.
Foreign official assets.—-Foreign official assets in
the United States increased $21.1 billion, virtually the same amount as in the previous quarter
(table D). The accumulation of dollar assets by
industrial countries picked up to $13.3 billion
from $6.1 billion. Dollar assets of OPEC members decreased $2,2 billion, following an increase
of $2.5 billion. Dollar assets of "other" countries
increased $10.0 billion after an increase of $12.7
billion, as sizable inflows continued from both
the Far East and Latin America.
•
6l
SURVEY OF CURRENT BUSINESS
62 • September 1992
Liabilities reported by banks.—U.S. banks reduced
their liabilities to private foreigners and international financial institutions by $5.1 billion in the
second quarter, following a $4.5 billion decrease
in the first. U.S.-owned banks sharply curtailed
their foreign borrowing, primarily by a large reduction in positions with their affiliated offices
in the Caribbean. Weak demand for bank credit,
both domestic and international, was a primary
reason for the reduction. In addition, foreigners
had little incentive to place deposits in the United
States because of a further widening of already
large, adverse interest-rate differentials, dollar depreciation, and strong preferences for longer term
fixed income securities as the yield curve steepened in the United States. Japanese-owned banks
further cut back their positions with home offices
in Japan.
17. S. Treasury securities.—Transactions in U.S.
Treasury securities shifted to net purchases of
$10.3 billion in the second quarter from net sales
of $0.8 billion in the first. A resumption of the
rise in U.S. bond prices and a steep yield curve
favoring longer term instruments contributed to
strong foreign demand. Japan's net purchases of
$5.2 billion reflected a steeper drop in bond rates
in Japan than in rates in the United States, as
well as uncertainties in Japanese financial markets. International bond mutual funds accounted
for most of the $5.3 billion in net purchases from
the Caribbean.
Other U.S. securities.—Net foreign purchases of
U.S. securities other than U.S. Treasury securities more than doubled in the second quarter,
increasing $6.3 billion, to $10.9 billion. Strong
foreign demand for U.S. bonds was sustained
throughout the quarter, while sales of stocks
slowed sharply.
Japanese and other Asian investors accounted
for one-half of the step-up in net purchases of
U.S. Government agency bonds to $5.1 billion
from $2.7 billion. Rising U.S. bond prices and
uncertain prospects in Japanese financial markets
contributed to sustained purchases throughout
the quarter. New bond issues sold abroad by U.S.
corporations remained strong, increasing $1.0 billion, to $7.1 billion. U.S. corporate demand for
funds and a lowering of Eurobond borrowing
costs pushed borrowing activity in the first half
of 1992 ahead of the strong pace of borrowing
in the first half of 1991. Throughout the second
quarter, gross purchases of bonds strengthened
more rapidly than gross sales.
Net foreign sales of U.S. stocks slowed sharply
to $1.0 billion from $3.1 billion. The large amount
of profit-taking that was present early in the first
quarter abated; Japanese investors slowed their
net sales to $0.7 billion from $3.3 billion, and
Western European investors slowed their net sales
to $1.1 billion from $1.7 billion. Both gross purchases and gross sales of stocks were somewhat
lower in the second quarter than in the first.
Direct investment.—Foreign direct investment in
the United States shifted to net capital inflows of
$6.0 billion in the second quarter from outflows
of $3.8 billion in the first. Most of the change was
the result of intercompany debt, which shifted to
inflows of $3.7 billion from outflows of $4.8 billion, largely with affiliates in continental Europe.
Reinvested earnings were —$2.6 billion, compared with —$4.5 billion. Equity capital inflows
decreased to $4.9 billion from $5.4 billion.
Tables i through 10 follow. H
Table D.—Selected Transactions with Official Agencies
[Millions of dollars]
19 92
19 91
1 inp
1QQfl
1QQ1
I
1
2
3
4
Changes in foreign official assets in the United States net (decrease -) (table 1 line 49)
Industrial countries ]
Members of OPEC2
Other countries ...
5
Changes in U S official reserve assets net (increase
Foreign drawings or repayments (— ) net
Drawings
Repayments
r
Revised.
f Preliminary.
1. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
III
33908 18407
4115
5650 -4178
25399 -8629 -8682 -3309
158
1 707 -5304
660 -2699 -4288
6,802 32,340 13,672
1,830
8,245
-2,158
) (table 1 line 34)
Activity under U.S. official reciprocal currency arrangements with foreign monetary authorities:
6
6a
6b
II
5763
-353
1 014
3877
IV
Change:
Ml
1992
I'
II"
21 192
6072
2459
12,661
21 071
13253
-2,205
10,023
-4664
-2,638
1 225 -1,057
1,464
2,521
12819
3204
1 023
8,592
-121
7181
3
-1 245
1 487
-2732
40
-40
40
-40
143
-143
-143
143
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.
SURVEY OF CURRENT BUSINESS
September 1992 •
63
Table 1.—U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
(Credits +; debits -) 1
Line
1991
I
II
\r
IV
III
1992
1991
I
II*
\r
IV
III
II
II*
1
Exports of goods, services, and income .
704,914
174,434
176,942
173,604
179,935
180,516
182,104
174,262
174,910
175,832
179,911
181,169
180,084
2
Merchandise adjusted excluding military2
415,962
101,589
106,310
100,141
107,922
108,852
110,608
100,636
103,324
104,151
107,851
107,946
107,580
3
4
Services3 .. .
.. .
Transfers under U S. military agency sales contracts4
163,637
10,691
37,085
2,569
39,430
2,517
44,640
2,556
42,482
3,049
43,178
2,994
43,355
2,798
38,128
2,569
40,371
2,517
41,777
2,556
43,362
3,049
44,724
2,994
44,426
2,798
Travel
Passenger fares
Other transportation
48,757
15,627
23,625
9,608
3,064
5,618
12,121
3,778
5,812
14,841
4,917
6,114
12,188
3,868
6,082
12,099
3,833
5,963
13,640
4,143
6,212
10,758
3,379
5,651
12,150
3,878
5,858
12,608
4,063
6,017
13,244
4,308
6,099
13,663
4,233
6,055
13,684
4,255
6,259
Royalties and license fees 5
Other private services5
U S Government miscellaneous services
17,799
46,444
693
4,094
11,932
200
4,262
10,796
145
4,288
11,713
212
5,155
12,003
137
4,579
13,566
144
4,687
11,593
282
4,365
11,206
200
4,370
11,453
145
4,484
11,838
212
4,578
11,948
137
4,872
12,762
144
4,803
12,345
282
125,315
49,221
67,990
8,104
35,760
14,367
18,613
2,780
31,202
12,232
17,259
1,712
28,822
10,458
16,339
2,026
29,530
12,164
15,779
1,587
28,486
12,848
14,069
1,568
28,142
13,047
13,580
1,515
35,498
14,260
18,613
2,625
31,215
12,125
17,259
1,831
29,904
11,539
16,339
2,026
28,698
11,297
15,779
1,622
28,499
12,950
14,069
1,480
28,078
12,886
13,580
1,612
5
Q
7
8
9
10
:
Seasonally adjusted
1992
1991
11
12
13
14
15
Income receipts on U S. assets abroad
Direct investment receipts
Other private receipts
U S Government receipts
Imports of goods, services, and income
-716,624
-170,584
-177,292
-184,249
-184,500
-174,186
-190,792
-176,268
-176,594
-180,907
-182,856
-180,073
-190,153
16
Merchandise, adjusted, excluding military2
-489,398
-115,920
-119,427
-124,329
-129,722
-122,633
-131,397
-118,962
-119,721
-124,325
-126,390
-125,168
-131,998
17
18
Services3
Direct defense expenditures
-118,341
-16,215
-26,624
-5,133
-30,210
-3,944
-32,798
-3,550
-28,709
-3,588
-28,041
-3,619
-32,316
-3,439
-28,773
-5,133
-29,589
-3,944
-29,754
-3,550
-30,226
-3,588
-30,880
-3,619
-31,454
-3,439
-10,150
-2,825
-5,763
-12,190
-3,278
-6,082
-8,429
-2,489
-5,848
-8,520
-2,435
-5,719
-11,862
-3,082
-5,718
-7,927
-2,383
-5,723
-9,445
-2,706
-5,806
-9,622
-2,755
-5,953
-9,963
-2,792
-5,816
-10,859
-2,846
-5,845
-10,933
-2,936
-5,761
-955
-6,180
-1,002
-6,197
-1,013
-6,232
-1,015
-6.545
-1 ,041
-6,174
-1,053
-6,728
^189
-629
-507
19
20
21
Travel
Passenger fares
Other transportation
-36,958
-10,636
-23,297
-6,189
-2,044
-5,603
22
23
24
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services
-3,984
-25,154
-2,097
-941
-975
-6,242
-6,065
-1,012
-6,056
-1,056
-6,791
-1,026
-6,226
-1,022
-6,588
-472
-489
-629
-507
-496
-604
-108,886
3,675
-73,575
-38,986
-28,040
1,667
-19,840
-9,867
-27,655
750
-18,690
-9,715
-27,122
254
-17,532
-9,843
-26,069
1,005
-17,513
-9,561
-23,512
1,385
-15,343
-9,554
-27,079
-1 ,674
-15,681
-9,724
-28,533
1,174
-19,840
-9,867
25
26
27
28
29
30
31
32
33
Income payments on foreign assets in the United States
Direct investment payments
Other private payments
U S Government payments
Unilateral transfers, net
US Government grants4
U.S Government pensions and other transfers
Private remittances and other transfers6
U.S. assets abroad, net (increase/capital outflow (-))
34
35
36
37
38
US official reserve assets, net7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
39
40
41
42
43
44
45
46
47
48
-27,284
1,121
-18,690
-9,715
-496
-604
-26,828
547
-17,532
-9,843
-26,240
834
-17,513
-9,561
-24,025
872
-15,343
-9,554
-26,701
-1,296
-15,681
-9,724
8,028
14,044
4,546
-5,869
-4,693
-6,933
-7,259
14,199
4,115
-6,012
-4,273
-6,999
-7,719
24,487
-3,462
-12,996
18,181
8,214
-1,986
78
-2,620
-3,011
18,181
8,214
-1,986
-2.620
-698
-600
-687
-916
-794
-796
-793
-3,069
-3,196
-1 ,478
-3,292
-646
-3,439
-3,667
-3,332
-3,188
-3,303
-3,233
78
-1,080
-3,271
-3.521
-3,011
-1,140
-3,568
-62,220
-1,358
-8,628
-11,690
-40,544
-5,053
-7,854
-640
-7,050
-10,368
-44,158
-4,250
-5,732
-353
1,014
3,877
1,225
-1,057
1,464
-353
1,014
3,877
1,225
-1,057
1,464
6
-172
-168
6
-23
17
1,232
-172
3,986
-23
17
1,232
3,204
-8,382
12,055
-1,051
877
5,763
-177
-367
31
-341
-190
72
1,132
-114
6,307
-43
U.S. Government assets, other than official reserve assets, net
U S credits and other long—term assets ... .
Repayments on U.S. credits and other long-term assets8
U.S. foreign currency holdings and U.S. short-term assets, net ...
3,397
-12,123
16,522
-1,002
1,143
-1,635
2,836
-58
-1 ,056
754
U S private assets net
Direct investment
Foreign securities
U.S. claims on unaffiiiated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
-71,379
-27,135
-45,017
-2,148
-12,782
-9,526
-9,138
2,188
11 783
-18,771
-8,473
-12,403
5,526
-4,753
2,251
17,909
2,304
-1,846
2,403
1,269
-23,219 .
1
-472
-504
-203
-468
-298
-447
-273
-41,322
-8,067
11 305
111
-996
-107
-937
909
-80
1
1,631
-279
-1,111
962
-130
31
-341
-43
72
1,132
1,073
-1,635
2,766
-58
-1,056
839
-1,360
-11,994
-9,526
-3,889
-15,809
-8,703
-9,039
-13,058
-8,573
4,764
15,859
12,592
2,251
17,909
n.a.
-190
-114
3,986
-858
111
-996
-168
1
1,631
3,180
-8,382
12,030
^68
-1 ,051
887
-7,644
3,681
11 783
-17,426
-7,128
-12,403
-44,947
-11,692
-11,305
-3,155
-15,075
-8,703
-6,987
-11,006
-8,573
2,304
-1,846
2,40,3
1,269
-23,219
4,764
15,859
12,592
-420
-203
-298
-437
-273
-38
-937
979
-80
-209
-1,111
1,032
-130
n.a.
Foreign assets in the United States, net (increase/capital inflow
(+))
66,980
-8,188
3,656
23,545
47,967
18,090
43,710
-7,840
2,959
22,933
48,929
18,563
43,087
49
50
51
52
53
54
55
Foreign official assets in the United States net
U.S. Government securities
U S Treasury securities 9
Other10
Other U S Government liabilities ]l
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets12
..
.. ..
18,407
17,116
15,815
1,301
1,600
-1,668
1,359
5,650
1,096
1,125
-29
868
2,920
766
-4,178
-3,772
-3,553
12,819
13,694
12,619
1,075
344
21,192
15,449
14,909
540
96
5,534
113
21,071
13,314
11,615
1,699
503
7,329
-75
5,650
1,096
1,125
-29
868
2,920
766
-4,178
-3,772
3553
115
4,115
6,098
5,624
474
654
-2,732
95
12,819
13,694
12,619
1,075
115
4,115
6,098
5,624
474
654
-2,732
95
21,192
15,449
14,909
540
96
5,534
113
21,071
13,314
11,615
1,699
503
7,329
-75
56
57
58
59
60
Other foreign assets in the United States, net
Direct investment
U S Treasury securities
US securities other than U.S. Treasury securities
U.S. liabilities to unaffiiiated foreigners reported by U.S.
nonbanking concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
48,573
11,497
16,241
34,918
-13,838
-1,880
2,850
4,862
7,834
8,019
13,289
15,212
19,430
641
-1,306
10,012
35,148
4,718
1,408
4,832
-3,103
-4,294
22,639
6,612
10,288
10,872
-13,490
-1,532
2,850
4,862
7,137
7,322
13,289
15,212
18,818
29
-1,306
10,012
36,110
5,680
1,408
4,832
-2,629
-3,820
4,551
22,016
5,989
10.288
10,872
-405
-13,678
-1,430
-18,240
-1,275
-27,41 1
1,575
8,508
725
23,465
1,942
-4,474
-5,133
-1,430
-18,240
-1,275
-27,411
1,575
8,508
725
23,465
1,942
-4,474
-5,133
-1,078
-8,349
777
4,659
1,835
-12,433
-19,910
-3,713
4,636
1,660
883
-1,478
-6,137
2,447
613
-8,410
4,023
-19,567
343
-73,436
45,296
16,429
-14,331
10,461
7,720
-13,117
9,219
3,547
-24,188
11,842
1 ,701 ,
-21,800
13,774
3,461
-13,781
15,137
4,974
-20,789
11,039
1,063
-18,326
9,355
6,965
-16,397
10,782
3,931
-20,174
12,023
3,076
-18,539
13,136
2,458
-17,222
13,844
4,474
-24,418
12,972
1,377
-11,710
8,028
-3,682
3,850
14,044
17,894
4,546
4,195
-10,645
-5,869
-16,514
-4,565
-4,693
-9,258
6,330
-6,933
-8,688
-7,259
-15,947
-2,006
14,199
12,193
-1 ,684
4,115
2,431
-5,075
-6.012
-11,087
-2.945
-4.273
-7.218
1,096
-6.999
-5.903
-10,069
-7.719
17 788
61
62
63
633
64
65
66
67
68
69
-219
421
-942
-914
383
-828
4,551
n.a.
-219
421
-942
-344
-914
383
-828
n.a.
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed) ....
Of which seasonal adjustment discrepancy
Memoranda:
Balance on merchandise trade (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 64,
65 and 66) 13
Unilateral transfers net (line 29)
Balance on current account (lines 1 ,15, and 29 or lines 67 and 68) 13
See footnotes on page 75.
-350
-603
SURVEY OF CURRENT BUSINESS
64 • September 1992
Table 2.-U.S. Merchandise Trade
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1991
1991
I
A
II
1992
\r
IV
III
1992
1991
\\P
\r
\\r
I
II
III
101,806
104,655
105,477
109,791
110,207
86
83
66
12
75
IV
Balance of payments adjustments to Census trade data:
EXPORTS
1
Merchandise exports, Census basis ' including reexports and including
military grant shipments
421,729
102,759
107,641
101,468
109,861
111,113
113,043
86
83
66
71
66
70
12
75
184
38
3
110,016
Adjustments:
2
Private gift parcel remittances
293
71
66
70
3
Gold exports, nonmonetary
225
184
38
3
4
5
6
Inland U S freight to Canada2
U.S.-Canadian reconciliation adjustments, n.e.c., net^
Merchandise exports transferred under U.S. military agency sales
contracts identified in Census documents4
Other adjustments, net5
-4,970
-1,315
-1,137
-1,126
-1,159
-1,548
-1,954
-2,132
-1,137
-1,126
-1,159
-1,548
-1,954
-2,132
-288
-309
-241
-477
-402
-444
-288
-309
-241
-477
-402
-444
415,962
101,589
106,310
100,141
107,922
108,852
110,608
100,636
103,324
104,151
107,851
107,946
107,580
487,125
115,261
118,882
123,828
129,154
122,218
130,616
118,302
119,176
123,825
125,822
124,753
131,217
87
949
2,525
21
299
654
22
203
650
22
216
591
22
231
630
21
22
369
714
21
299
654
22
203
650
22
216
591
22
231
630
21
701
701
22
369
714
7
8
Equals: Merchandise exports, adjusted to balance of payments basis
excluding "military" (table 1, line 2)
IMPORTS
9
Merchandise imports, Census basis l (general imports)
Adjustments:
10
11
12
13
14
15
16
B
Electric energy
Gold imports, nonmonetary
Inland freight in Canada2
U.S.-Canadian reconciliation adjustment, n.e.c net-*
Merchandise imports of U.S. military agencies identified in Census
documents4
Other adjustments, net 67
Equals: Merchandise imports, adjusted to balance of payments basis,
excluding "military" (table 1, line 16)
-1,190
-98
-284
-31
-21
-28
-18
-18
-50
-31
-21
-28
-18
18
-50
489,398
115,920
119,427
124,329
129,722
122,633
131,397
118,962
119,721
124,325
126,390
125,168
131,998
415,962
101,589
106,310
100,141
107,922
108,852
110,608
100,636
103,324
104,151
107,851
107,946
107,580
116,802
101,278
10,692
15,338
20,759
8,449
13,259
21,515
11,266
15,524
30,465
26,282
2,980
4,115
5,099
2,113
3,411
5,591
2,973
4,183
30,387
26,384
2,720
3,795
5,779
2,270
3,399
5,638
2,783
4,003
26,267
22,896
2,520
3,652
4,951
1,731
2,611
4,785
2,646
3,371
29,683
25,716
2,472
3,776
4,930
2,335
3,838
5,501
2,864
3,967
31,120
27,501
2,497
4,145
5,526
2,366
3,854
5,936
3,177
3,619
28,348
24,899
2,462
3,641
4,974
2,277
3,096
5,614
2,835
3,449
30,288
26,125
2,967
4,100
5,073
2,099
3,382
5,571
2,933
4,163
29,521
25,634
2,638
3,679
5,608
2,209
3,319
5,466
2,715
3,887
27,250
23,755
2,608
3,773
5,132
1,800
2,726
4,955
2,761
3,495
29,743
25,764
2,479
3,786
4,946
2,341
3,832
5,523
2,857
3,979
30.910
27,313
2,485
4,127
5,498
2,346
3,811
5,913
3,133
3,597
27,523
24,172
2,389
3,533
4,823
2,211
3,013
5,447
2,756
3,351
85,006
47,213
20,205
12,077
22,618
11,881
20,506
11,313
21,677
11,942
22,068
12,199
23,854
11,232
20,078
11,898
21,962
11,590
21,247
11,846
21.719
11,879
21.948
12,040
23,186
10.976
8,255
1,852
1,884
2,209
2,310
1,812
2,204
1,843
1,821
2,278
2,313
1,805
2.138
4,838
1,384
941
1,004
1,509
1,279
1,235
1,323
936
1,109
1,470
1,225
1,223
-309
-300
-297
-289
-274
-284
-309
-300
-297
-289
-274
Merchandise trade, by area and country, adjusted to balance of
payments basis, excluding military:8
EXPORTS
1
Total, all countries (A-8)
2
3
4
5
6
7
8
9
10
11
Western Europe
European Communities
. .
Belgium and Luxembourg
France
Germany9
Italy
Netherlands ...
United Kingdom
Other
Western Europe, excluding EC
12
13
14
15
Canada3
Japan
Australia, New Zealand, and South Africa10
Australia
16
Eastern Europe
17
18
19
20
21
Latin America and Other Western Hemisphere
Brazil
Mexico
Venezuela
Other
63,233
6,137
33,140
4,596
19,360
13,392
1,153
7,058
950
4,231
15,940
1,416
8,434
1,208
4,882
16,514
1,861
8,495
1,182
4,976
17,387
1,707
9,153
1,256
5,271
17,702
1,363
9,755
1,219
5,365
19,236
1,402
10,387
1,442
6,005
13,247
1,144
6,979
943
4,181
15,473
1,366
8,190
1,172
4,745
17,147
1,921
8,821
1,225
5,180
17,366
1,706
9,150
1,256
5,254
17,568
1,359
9,676
1,212
5,321
18,714
1,360
10,112
1,401
5,841
22
23
24
25
26
27
28
29
30
31
Other countries in Asia and Africa8 10
Asia 810
Members of OPEC
China
Hong Kong
Korea, Republic of
Singapore
Taiwan
•.
Africa 810
Members of OPEC
90,225
81,184
11,196
6,261
8,099
14,876
8,727
12,684
8,660
1,703
22,015
19,741
2,428
1,362
1,930
3,901
2,415
2,964
2,179
392
22,659
20,448
2,743
1,591
1,997
3,656
2,361
3,144
2,115
385
22,194
20,036
2,852
1,587
2,110
3,541
1,880
3,334
2,078
458
23,357
20,959
3,173
1,721
2,062
3,778
2,071
3,242
2,288
468
22,672
20,600
3,319
1,611
1,948
3,870
2,058
3,179
1,990
398
24,499
22,056
3,285
1,896
2,202
3,465
2,561
3,732
2,243
531
21,760
19,535
2,404
1,342
1,910
3,848
2,411
2,921
2,132
379
22,021
19,865
2,658
1,549
1,940
3,558
2,290
3,059
2,063
378
23,140
20,857
2,961
1,650
2,190
3,704
1,943
3,482
2,196
483
23,304
20,927
3,173
1,720
2,059
3.766
2,083
3,222
2,269
463
22,450
20,413
3,296
1,592
1,932
3,826
2,052
3,146
1,957
392
23,820
21,432
3,180
1,846
2,143
3,372
2,483
3,632
2,192
522
390
199
134
57
134
57
260,389
18,439
136,744
65,404
3,986
32,000
61,023
4,720
34,264
66,303
5,156
36,406
63,375
4,906
35,736
66,348
5,150
36.296
67,474
5,108
35,364
64,559
5,361
37,660
32
International organizations and unallocated
'
199
Memoranda:
33
34
35
Industrial countries8
Members of OPEC8
Other countries8
See footnotes on page 75.
67,659
4,577
34,074
67,974
5,145
35,733
66,393
5,522
38,693
64,909
3,941
31,587
65,757
4,442
33,125
September 1992 •
SURVEY OF CURRENT BUSINESS
65
Table 2.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
B
1991
1991
1992
1991
1992
I
II
III
IV
\r
II*
1
II
III
IV
lr
II*
489,398
115,920
119,427
124,329
129,722
122,633
131,397
118,962
119,721
124,325
126,390
125,168
131,998
101,884
85,700
4,110
13,181
26,025
11,675
4,851
18,258
7,600
16,184
24,900
20,903
1,030
3,153
6,576
2,876
1,023
4,410
1,835
3,997
25,388
21,332
1,060
3,315
6,371
2,851
1,115
4,675
1,945
4,056
24.848
21,055
928
3,341
6,072
2,922
1,375
4,539
1,878
3,793
26,748
22,410
1,092
3,372
7,006
3,026
1,338
4,634
1,942
4,338
25,016
21,137
1,016
3,366
6,396
2,795
1,169
4,558
1,837
3,879
27,412
23,174
1,137
3,751
7,091
3,023
1,317
4,896
1,959
4,238
25,581
21,475
1,058
3,240
6,759
2,954
1,053
4,527
1,884
4,106
25,442
21,378
1,062
3,322
6,384
2,857
1,119
4,685
1,949
4,064
24,851
21,058
928
3,342
6,074
2,922
1,376
4,537
1,879
3,793
26,010
21,789
1,062
3,277
6,808
2.942
1,303
4,509
1,888
4,221
25,569
21,603
1,038
3,441
6,540
2,856
1,194
4,657
1,877
3,966
27,540
23,282
1,143
3,768
7,124
3,037
1,323
4,919
1,968
4,258
93,008
91,502
21,862
22,687
24,312
20,885
22,532
23,241
24,302
24.689
24,042
23,169
26,297
22,492
22,427
23,320
24,369
20,930
22,534
23,253
23,678
23,999
24,536
23,688
26,416
22,597
3,970
945
1,070
1,058
897
926
957
971
1,071
1,057
871
947
961
1,799
496
404
444
455
481
420
509
405
443
442
492
422
62,971
6,843
31,495
8,177
16,456
14,980
1,706
7,191
2,083
4,000
15,851
1,817
7,995
1,856
4,183
15,844
1,597
7,891
2,189
4,167
16,296
1,723
8,418
2,049
4,106
15,949
1,892
8,146
1,707
4,204
17,441
1,992
9,170
1,829
4,450
15,332
1,751
7,374
2,111
4,096
15,889
1,820
8,018
1,861
4,190
15,825
1,596
7,891
2,175
4,163
15,925
1,676
8,212
2,030
4,007
16,239
1,933
8,307
1,715
4,284
17,519
2,001
9,212
1,836
4,470
134,264
119,717
15,185
18,969
9,279
16,973
9,947
23,020
14,286
8,381
30,050
26,473
3,766
3,550
1,955
3,899
2,266
5,091
3,418
2,161
31,517
27,763
3,687
4,010
2,013
4,104
2,406
5,410
3,719
2,260
36,362
32,696
3,904
5,622
2,653
4,538
2,519
6,325
3,625
2,014
36,335
32,785
3,828
5,787
2,658
4,432
2,756
6,194
3,524
1,946
33,050
30,193
3,640
5,043
2,070
3,857
2,524
5,720
2,816
1,341
36,378
32,119
3,823
5,681
2,235
4,076
2,716
6,023
4,226
2,451
30,822
27,189
3,824
3,659
2,013
4,009
2,331
5,237
3,474
2,186
31,615
27,853
3,696
4,032
2,021
4,114
2,413
5,426
3,727
2,265
36,362
32.714
3,883
5,637
2,658
4,541
2,522
6,332
3,606
2,000
35,465
31,961
3,782
5,641
2,587
4,309
2,681
6,025
3,479
1,930
33,697
30,814
3,669
5,153
2,116
3,943
2,580
5,849
2,841
1,345
36,543
32,268
3,838
5,708
2,246
4,095
2,728
6,051
4,242
2,460
293,305
33,071
163,022
71,151
8,307
36,462
72,509
8,175
38,743
72,389
8,467
43,473
77,256
8,122
44,344
73,819
6,986
41,828
78,031
8,427
44,939
73,075
8,425
37,462
72,667
8,194
38,860
72,404
8,417
43,504
75,159
8,035
43,196
75,420
7,033
42,715
78,391
8,460
45,147
-73,436
-14,331
-13,117
-24,188
-21,800
-13,781
-20,789
-18,326
-16,397
-20,174
-18,539
-17,222
24,418
14,918
15,578
6,582
2,157
-5,266
-3,226
8,408
3,257
3,666
5,565
5,379
1,950
962
-1,477
4,999
5,052
1,660
480
1,419
1,841
1,592
311
-1,121
-1,191
1,236
246
768
2,935
3,306
1,380
404
-2,076
6,104
6,364
1,481
779
936
1,725
1,325
4,079
4,256
1,576
357
2,399
2,697
1,680
431
3,733
3,975
1,417
509
-1,862
5,341
5,710
1,447
686
-1,042
-17
890
1,246
-2,117
4,707
4,650
1,909
860
-1,686
-2,301
-746
-855
-601
-510
-826
1,779
718
876
2,329
1,044
1,049
57
2,200
781
766
2,529
1,014
969
2,617
1,256
1,256
1,690
528
788
Merchandise trade, by area and country,
adjusted to balance of
payments basis, excluding military 8—Continued:
IMPORTS
36
Total, all countries (A-16)
37
38
39
40
41
42
43
44
45
46
Western Europe
European Communities
Belgium and Luxembourg
France
Germany9
Italy
Netherlands
United Kingdom
Other
Western Europe, excluding EC
47
48
49
50
Canada3
Japan
Australia, New Zealand and South Africa 10
Australia
51
Eastern Europe
52
53
54
55
56
Latin America and Other Western Hemisphere
Brazil .. .
Mexico
Venezuela
Other
57
58
59
60
61
62
63
64
65
66
Other countries
in Asia and Africa810
Asia810
Members of OPEC
China
Hong Kong ...
Korea, Republic of
Singapore
Taiwan
Africa810
Members of OPEC
67
International organizations and unallocated
Memoranda:
68
69
70
Industrial countries 8
Members of OPEC8
Other countries8
BALANCE (EXCESS OF EXPORTS +)
71
Total, all countries
72
73
74
75
76
77
78
79
80
81
Western Europe
European Communities
Belgium and Luxembourg
France
9
Germany
y
82
83
84
85
Canada3
Japan
Australia New Zealand and South Africa 10
Australia
86
Eastern Europe
87
88
89
90
91
Latin America and Other Western Hemisphere
Brazil .. .
Mexico
Venezuela
Other
92
93
94
95
96
97
98
99
100
101
102
ISy
Netherlands
United Kingdom
.
Other
.
Western Europe, excluding EC
Other countries in Asia and Africa8 10
Asia8 10
Members of OPEC
China . . . .
Hong Kong
Korea Republic of
Singapore
Taiwan
Africa810
Members of OPEC
International organizations and unallocated
.
.
...
-235
-592
-581
2,388
1,181
1,138
186
2,284
963
838
-53
-8,002
-44,289
-1,657
-10,610
-1,694
-9,004
-2,026
-11,928
-2,625
-12,747
-1,974
-10,970
-2,443
-11,260
-2,349
-11,422
-2,407
-9,340
-1,287
-11,407
-1 ,959
-12,120
-2,588
-11,648
-3,230
-1 1 ,621
4,285
907
814
1,151
1,413
886
1,247
872
750
1,221
1,442
858
1,177
3,039
888
537
560
1,054
798
815
814
531
666
1,028
733
801
262
-1,588
89
670
264
604
-1,007
809
1,091
-16
735
1,753
1,795
-2,085
1,195
-529
-590
1,217
-395
1,441
30
938
1,329
1,609
1,322
325
930
1,369
-793
-488
-387
-950
-774
-503
-435
1,165
1,161
1,555
-1,168
85
555
1,017
1,247
1,037
1,371
-12,978
-11,826
-10,378
-9,593
-11,879
-10,063
-9,594
-7,988
-1,038
-2,483
-81
-13,222
-11.857
-12,161
-11,034
-660
. . .
-110
-763
-706
-553
1,645
-3,581
2,904
-1,133
231
-648
-44,039
-38,533
-3,989
-12,708
-1,180
-2,097
-1,220
-10,336
-5,626
-6,678
-8,035
-6,732
-1,338
-2,188
-25
2
149
-2,127
-1,239
-1,769
-8,858
-7,315
390
199
-32,916
-14,632
-26,278
-5,747
-4,321
-4,462
-133
-401
439
699
-944
-2,419
-16
-448
-45
-2,266
-1,604
-1,875
-422
-14,168
-12,660
-1,052
-4,035
-691
-870
-429
2,500
867
922
2,685
1,378
1,340
-371
-260
-789
-655
-321
-538
-4,066
-3,432
-3,785
-33
-543
-997
-639
-596
-654
-122
-685
-466
-2,991
-1,547
-1,556
-2,952
-1,236
-1,478
-2,541
134
57
-11,366
-3,747
-9,209
-10,953
-2,966
-7,938
13
-826
-943
-611
-155
-2,291
-1,983
-1,920
-607
-9,062
-7,654
-1,420
-2,317
-103
-161
80
-2,316
-1,342
-1,807
-776
-648
-177
-416
-454
172
-689
-942
-1,122
1,350
418
882
-298
-242
-369
-574
-11,247
-10,401
-641
900
-12,723
-10,836
-922
-609
-373
-658
-3,987
^468
-3,921
-3,561
-3,862
-103
-723
-245
-953
-2,419
-2,050
-1,938
-7,946
-1,925
-7,351
-13,832
-3,099
-7.487
-556
-123
-579
-528
-543
-598
-184
-117
-528
-2,367
-1,664
-1,887
-2,850
-1.410
-1,517
-2,803
-1,210
-1.467
-2,703
134
57
-9,029
-3,511
-7,768
-8,811
-2.885
-6.900
199
-907
-837
-884
Memoranda:
103
104
105
Industrial countries8
Members of OPEC8
Other countries 8
See footnotes on page 75.
-4.850
-3,598
-4,669
-5,845
-1,841
-6,095
-11,638
-2,905
-6,246
-8,166
-4,484
-5,875
-6,910
-3,752
-5,735
66 • September 1992
SURVEY OF CURRENT BUSINESS
Table 2.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1991
C
Merchandise trade, by principal end-use category, adjusted to balance
of payments basis, excluding military:
1
Merchandise exports, balance of payments basis, excluding military
1992
1991
I
II
111
\r
IV
1992
1991
p
I
II
\\
IV
III
\r
II*
415,962
101,589
106,310
100,141
107,922
108,852
110,608
100,636
103,324
104,151
107,851
107,946
107,580
2
3
Agricultural products
Nonagricultural products
40,127
375,835
10,630
90,959
9,199
97,111
8,841
91,300
11,457
96,465
11,567
97,285
10,368
100,240
9,800
90,836
9,366
93,958
10,170
93,981
10,791
97,060
10,823
97,123
10,500
97,080
4
Foods feeds and beverages
35,737
8,970
8,109
8,596
10,062
10,351
9,251
8,627
8,285
9,175
9,650
10,059
9,462
8,364
3,592
906
1,487
1,095
950
,1,509
1,218
8,621
3,628
1,093
1,228
1,075
1,043
1,606
1,269
8,711
3,685
1,260
1,170
987
1,098
1,644
1,297
8,443
3,484
970
1,197
926
1,075
1,584
1,374
5
6
7
8
9
10
11
12
Agricultural
Grains and preparations
Wheat
Corn
Soybeans
Meat products and poultry
Vegetables fruits, nuts, and preparations
Other agricultural foods feeds and beverages
13
14
Nonagricultural (fish, distilled beverages, etc.)
Fish and shellfish
15
Industrial supplies and materials
16
17
18
19
20
Agricultural
Raw cotton
Tobacco, unmanufactured
Hides and skins, including furskins
Other agricultural industrial supplies
21
22
23
24
25
Nonagricultural101,814
Energy products
Fuels and lubricantsn
Coal and related fuels
Petroleum and products
31,746
13,284
3,483
5,228
3,993
3,872
5,979
4,618
7,979
3,466
763
1,516
1,182
934
1,391
1,006
7,110
2,851
721
1,131
748
914
1,490
1,107
7,392
3,277
906
1,333
618
931
1,348
1,218
9,265
3,690
1,093
1,248
1.445
1.093
1,750
1,287
9,115
3,794
1,260
1,145
1,381
1,066
1,597
1,277
8,327
3,530
970
1,275
703
1,082
1,641
1,371
7,529
3,299
763
1,483
811
973
1,424
1,022
7,232
2,765
721
1,030
1,012
906
1,440
1,109
3,991
3,270
991
830
999
829
1,204
1,032
797
579
1,236
1,027
924
740
1,098
937
1,053
883
811
639
1,029
811
1,348
1,139
1,019
835
109,977
28,759
28,253
26,246
26,719
27,143
27,956
28,580
27,408
26,875
27,114
26,995
27,097
8,163
2,516
1,421
1,381
2,845
2,588
1,135
336
399
718
2,024
603
473
367
581
1,409
214
233
314
648
2,142
564
379
301
898
2,386
796
435
372
783
1,978
559
484
337
598
2,220
867
271
364
718
2,082
653
487
361
581
1,751
379
386
338
648
2,110
617
277
318
898
2,058
568
368
339
783
2,006
566
510
332
598
26,171
14,407
14,339
5,288
7,592
26,229
4,031
4,021
1,136
2,581
24,837
3,339
3,328
1,301
1,617
24,577
3,320
3,289
1,481
1,535
24,757
3,717
3,701
1,370
1,859
25,978
3,268
3,236
1,191
1,600
26,360
3,481
3,461
1,262
1,724
25,326
4,254
4,245
1,360
2,581
25,124
3,254
3,242
1,215
1,617
25,004
3,213
3,183
1,375
1,535
24,937
3.686
3,669
1,338
1,859
25,091
3,512
3,481
1,436
1,600
3,409
3.389
1,190
1,724
26
27
28
29
30
Paper and paper base stocks
Textile supplies and related materials
Chemicals excluding medicinals
Building materials, except metals
Other nonmetals
8,769
6,566
31,309
7,628
9,666
2,229
1,579
8,273
1,818
2,383
2,309
1,749
8,170
2,015
2,484
2,142
1,605
7,568
1,878
2,395
2,089
1,633
7,298
1,917
2,404
2,300
1,676
7,633
1,916
2,523
2,367
1,739
8,235
2,062
2,618
2,196
1,581
8,158
1,879
2,352
2,246
1,676
7,864
1,881
2,394
2,158
1,659
7,780
1,926
2,426
2,169
1.650
7,507
1,942
2,494
2,247
1,679
7,524
1.980
2,487
2,303
1,665
7,921
1,923
2,529
31
32
33
34
35
36
37
38
Metals and nonmetallic products
Steelmaking materials
Iron and steel products
Nonferrous metals
Nonmonetary gold
Other precious metals
Other nonferrous metals
Other metals and nonmetallic products
23,469
1,713
4,486
11,201
3,563
892
6,746
6,069
5,858
390
1,055
3,001
1,021
231
1,749
1,412
6,163
535
1,250
2,840
789
206
1,845
1,538
5,929
389
1,151
2,793
857
240
1,696
1,596
5,519
399
1,030
2,567
896
215
1,456
1,523
5,441
359
1,026
2,563
942
248
1,373
1,493
5,476
409
1,034
2,349
846
195
1,308
1,684
5,940
458
1,059
3,001
1.021
231
1,749
1,422
6,011
443
1,253
2,840
789
206
1,845
1,475
5,962
395
1,138
2,793
857
240
1,696
1,636
5,556
417
1,036
2,567
896
215
1,456
1,536
5,508
418
1,030
2,563
942
248
1,373
1,497
5,341
341
1.038
2,349
846
195
1,308
1,613
167,029
39,184
43,043
40,641
44,161
44,368
44,229
38,925
42,345
41,683
44,076
44,096
43,531
128,944
13,559
115,385
10,051
7,644
3,098
6,021
24,967
31,077
3,266
27,811
2,329
1,690
717
1,394
5,857
32,91 1
3,480
29,431
2,699
1,873
829
1,544
6,502
31,497
3,370
28,127
2,629
1.877
742
1,494
6,089
33,459
3,443
30,016
2,394
2,204
810
1,589
6,519
33,325
3,570
29,755
2,382
1,953
840
1,556
6,454
34,353
3,462
30,891
2,655
2,200
860
1,590
6,743
30,832
3,248
27.584
2,306
1,690
721
1,400
5,929
32,205
3,373
28,832
2,608
1.873
796
1,498
6,174
32,456
3,451
29,005
2,700
1,877
774
1,541
6,273
33,451
3,487
29.964
2,437
2,204
807
1.582
6,591
33,053
3.533
29,520
2,373
1,953
842
1,553
6,520
33,645
3,355
30.290
2,572
2,200
825
1,547
6,411
27,293
14,349
10,467
2,487
9,008
6,989
3,515
2,452
634
2,234
6,759
3,737
2,579
649
2,260
6,338
3,497
2,688
595
2,178
7,207
3,600
2,748
609
2,336
7,035
3.762
2,673
618
2,482
7,108
3,838
2,768
679
2,450
6,791
3,522
2,452
632
2,141
6,803
3,626
2.579
- 641
2,234
6,712
3,529
2,688
616
2,295
6,987
3,672
2,748
598
2,338
6,839
3,771
2,673
609
2,387
7,147
3,726
2,768
7,715
4,246
392
9,678
6,299
454
8,775
5,478
369
10,280
6,601
422
10,662
7,385
381
9,427
6,099
449
7,701
4,246
392
9,686
6,299
454
8,858
5,478
369
10,203
6,601
422
10,662
7,385
381
9,437
6,099
449
39
40
41
42
43
44
45
46
47
48
49
50
51
52
Capital goods, except automotive
Machinery, except consumer-type
Electric generating machinery, electric apparatus, and parts
Nonelectric including parts and attachments
Oil drilling, mining, and construction machinery
Industrial engines pumps and compressors
Machine tools and metalworking machinery
Measuring testing and control instruments
Other industrial, agricultural, and service industry machinery
Computers, peripherals, and parts
Semiconductors
Telecommunications equipment
Other office and business machines
Scientific, hospital, and medical equipment and parts
669-
2,425
53
54
55
Civilian aircraft engines parts
Civilian aircraft, complete, all types
Other transportation equipment
36,448
22,624
1,637
56
Automotive vehicles engines and parts
40,045
8,952
10,992
9,525
10,576
10,874
12,658
8,783
9,926
10,918
10,418
10,725
11,548
22,499
6,311
2,845
2,944
10,399
5,220
1,577
666
646
2,331
6,249
1,745
780
853
2,871
5,291
1,407
660
720
2,504
5,739
1,582
739
725
2,693
5,505
1,277
573
779
2,876
6,656
1,826
742
916
3,172
5,014
1,584
647
609
2,174
5,475
1,414
678
760
2,623
6,242
1,775
741
832
2,894
5,768
1,538
779
743
2,708
5,211
1,194
570
744
2,703
5,926
1,542
652
820
2,912
17,546
5,379
2,568
1,807
7,792
3,732
1,230
530
374
1,598
4,743
1,463
867
441
1,972
4,234
1,080
621
456
2,077
4,837
1,606
550
536
2,145
5,369
1,968
577
571
2,253
6,002
1,993
886
659
2,464
3,769
1,138
530
382
1,719
4,451
1,313
867
419
1,852
4,676
1,537
621
474
2,044
4.650
1,391
550
532
2,177
5,514
1,911
577
606
2,420
5,622
1,804
887
623
2,308
57
58
59
60
61
To Canada
Passenger cars new and used
Trucks buses and special purpose vehicles
Engines and engine parts
Other parts and accessories
62
63
64
65
66
To other areas
Passenger cars, new and used
Trucks buses and special purpose vehicles
Engines and engine parts
Other parts and accessories
67
68
69
70
71
72
73
.
...
... .
..
..
Consumer goods (nonfood) except automotive
Consumer nondurable goods manufactured
Medical, dental, and pharmaceutical preparations, including vitamins
Consumer durable goods manufactured
Household and kitchen appliances and other household goods
Unmanufactured consumer goods (gem stones, nursery stock)
Exports n e e
See footnotes on page 75.
45,944
11,602
11,579
10,902
11,861
12,090
12,625
11,540
11,131
11,233
12,040
11,985
12,163
21,935
5,381
22,056
8,370
1,953
5,523
1,311
5,552
1,911
527
5,412
1,403
5,674
2,152
493
5,346
1,326
5,102
2,054
454
5,654
1,341
5,728
2,253
479
5,675
1,545
5,932
2,360
483
6,039
1,627
6,139
2,440
447
5,554
1,287
5,472
1,865
514
5,268
1,348
5,411
2.047
452
5,369
1,366
5,363
2,162
501
5,744
1,380
5.810
2.296
486
5,694
1,525
5,822
2.304
469
5,870
1,562
5,879
2.322
414
17,230
4,122
4,334
4,231
4,543
4,026
3,889
4,181
4,229
4,267
4,553
4,086
3,779
September 1992 •
SURVEY OF CURRENT BUSINESS
67
Table 2.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
C
74
\r
II"
129,722
122,633
131,397
118,962
119,721
124,325
126,390
125,168
131,998
12,288
117,434
10,342
112,291
12,915
118,482
12,924
106,038
12,937
106,784
13,122
111,203
12,195
114,195
10,368
114,800
12,965
119,033
6,815
6,736
7,226
6,405
6,903
6,567
6,592
6,699
7,267
4,360
678
337
938
1,062
436
1,247
1,969
1,468
415
4,752
648
436
933
1,266
518
1,388
2,063
1,447
519
5,044
838
522
997
1,595
370
1,244
1,692
1,273
326
5,221
673
375
1,056
1,541
555
1,396
2,005
1,406
501
4,627
850
538
981
1,212
463
1,122
1,778
1,345
354
4,937
732
427
1,109
1,431
435
1,231
1,966
1,468
413
4,607
678
337
938
1,325
430
1,236
1,960
1,440
434
4,703
648
436
933
1,360
445
1,318
1,889
1,398
394
4,881
838
522
997
1,301
448
1,297
1,818
1,344
380
5,196
673
375
1,056
1,492
545
1,430
2,071
1,388
586
33,292
33,063
33,066
31,454
35,313
32,852
33,045
33,115
33,020
31,446
35,067
1,041
32,251
13,932
13,813
932
32,131
14,250
14,063
1,001
32,065
13,757
13,594
1,128
30,326
11,699
11,551
1,123
34,190
14,127
13,984
927
31,925
13,805
13,701
1,029
32,016
14,035
13,916
991
32,124
14,255
14,068
1.038
31,982
13,569
13,406
1,044
30,402
11,609
11,461
1,109
33,958
14,248
14,105
2,254
1,365
3,742
1,470
1,572
2,133
1,505
3,825
1,764
1,659
2,028
1,591
3,565
1,895
1,970
2,035
1,682
3,727
1,714
2,023
1,940
1,671
4,203
1,918
1,924
2,017
1,762
4,190
2,114
2,118
2,284
1,403
3,638
1,564
1,586
2,138
1,467
3,754
1,649
1,638
2,020
1,580
3,684
1,803
1,966
2,008
1,693
3,783
1,827
2,034
1,959
1,695
4,057
2,032
1,932
2,024
1,722
4,120
1,984
2,091
28,864
1,611
10,112
12,809
2,897
2,342
3,152
4,418
4,332
7,472
303
2,643
3,421
814
693
841
1,073
1,105
7,433
454
2,534
3,338
742
618
817
1,161
1,107
6,832
432
2,392
2,949
575
536
800
1,038
1,059
7,127
422
2,543
3,101
766
495
694
1,146
1,061
6,971
305
2,626
2,968
566
472
784
1,146
1,072
7,862
419
2,778
3,499
934
599
774
1,192
1,166
7,645
376
2,729
3,421
814
693
841
1,073
1,119
7,335
418
2,496
3,338
742
618
817
1,161
1,083
6,816
411
2,385
2,949
575
536
800
1,038
1,071
7,068
406
2,502
3,101
766
495
694
1,146
1,059
7,118
381
2,696
2,967
565
472
784
1,146
1,074
7,769
387
2,745
3,499
934
599
774
1,192
1,138
120,735
29,099
30,074
30,336
31,226
30,870
32,822
29,809
30,090
30,321
30,515
31,277
32,859
108,009
12,922
95,087
3,322
4,600
4,098
2,788
21,630
26,131
3,213
22,918
931
1,166
1,032
652
5,594
26,769
3,246
23,523
978
1,147
1,163
652
5,457
26,981
3,200
23,781
729
1,129
977
712
5,139
28,128
3,263
24,865
684
1,158
926
772
5,440
27,611
3,218
24,393
681
1,235
933
741
5,448
29,187
3,326
25,861
753
1,286
928
765
5,775
26,841
3,324
23,517
930
1,157
1,032
675
5,567
26,785
3,167
23,618
952
1,103
1,163
663
5,362
26,966
3,183
23,783
736
1,145
977
721
5,259
27,417
3,248
24,169
704
1,195
926
729
5,442
28,019
3,284
24,735
679
1,211
933
751
5,369
29,224
3,249
25,975
726
1,240
928
778
5,691
26,111
13,083
9,824
4,197
5,434
5,941
3,070
2,255
999
1,278
6,285
3,210
2,334
969
1,328
6,785
3,366
2,527
1,035
1,382
7,100
3,437
2,708
1,194
1,446
6,757
3,622
2,432
1,178
1,366
7,506
3,798
2,482
1,194
1,374
6,203
3,172
2,417
1,021
1,343
6,443
3,148
2,437
1,013
1,334
6,768
3,306
2,472
1,029
1,370
6,697
3,457
2,498
1,134
1,387
6,925
3,686
2,576
1,187
1,418
7,678
3,721
2,588
1,248
1,377
12,726
11,742
3,326
2,968
2,695
582
3,305
3,045
882
3,355
3,132
1,000
3,098
2,870
862
3,259
3,013
777
3,635
3,370
1,145
2,968
2,695
582
3,305
3,045
882
3,355
3,132
1,000
3,098
2,870
862
3,258
3,013
111
3,635
3,370
1,145
84,941
115,920
119,427
124,329
12,769
103,151
12,904
106,523
13,217
111,112
26,467
6,426
6,897
6,329
18,874
2,908
1,738
3,961
5,328
1,773
4,907
7,593
5,651
1,595
4,794
850
538
981
1,515
376
1,072
1,632
1,248
305
4,968
732
427
1,109
1,485
443
1,200
1,929
1,488
356
132,032
32,611
3,985
128,047
55,664
55,091
1,011
31,600
13,725
13,621
Paper and paper base stocks
Textile supplies and related materials
Chemicals, excluding medicinals
Building materials, except metals
Other nonmetals
8,450
6,143
14,859
6,843
7,224
Metals and nonmetallic products
Steelmaking materials ..
Iron and steel products
Nonferrous metals
Nonmonetary gold ....
Other precious metals
Bauxite and aluminum
Other nonferrous metals
Other metallic and nonmetallic products
Agricultural
Coffee, cocoa, and sugar
Green coffee
Meat products and poultry
Vegetables fruits, nuts, and preparations
Wine and related products
Other agricultural foods feeds and beverages
Nonagricultural (fish distilled beverages etc)
Fish and shellfish
Whiskey and other alcoholic beverages
Agricultural
Nonagricultural products
Energy products
Fuels and lubricants711
124
IV
51.178
438,220
Industrial supplies and materials
121
122
123
III
489,398
89
90
91
92
116
117
118
119
120
II
Merchandise imports, balance of payments basis, excluding military
88
108
109
110
111
112
113
114
115
I
IV
Merchandise trade, by principal end-use category, adjusted to balance
of payments basis, excluding military—Continued:
Foods, feeds, and beverages
107
II'
III
77
98
99
100
101
102
103
104
105
106
\r
II
Petroleum and products7
Nonpetroleum products
93
94
95
96
97
1992
1991
1992
I
75
76
78
79
80
81
82
83
84
85
86
87
1991
1991
>
Capital goods, except automotive
Machinery, except consumer-type
Electric generating machinery, electric apparatus and parts
Nonelectric, including parts and attachments
Oil drilling mining, and construction machinery
Industrial engines, pumps, and compressors
Machine tools and metalworking machinery
Measuring testing, and control instruments
Other industrial, agricultural, and service industry machinery
Computers, peripherals, and parts
Semiconductors
Telecommunications equipment
Other office and business machines
Scientific, hospital, and medical equipment and parts
Transportation equipment, except automotive
Civilian aircraft engines parts
Civilian aircraft, complete, all types
Automotive vehicles engines and parts
125
126
127
128
129
From Canada
Passenger cars new and used
Trucks, buses, and special purpose vehicles
Engines and engine parts
.
Other parts and accessories
130
131
132
133
134
From other areas
Passenger cars new and used
Trucks buses and special purpose vehicles
Engines and engine parts
Other parts and accessories
.
..
135
136
137
138
139
140
141
142
143
144
Consumer goods (nonfood) except automotive
Consumer nondurable goods, manufactured
Textile apparel and household goods except rugs
Footwear of leather rubber and other materials
Consumer durable goods manufactured
Household and kitchen appliances and other household goods
Toys shooting and sporting goods including bicycles
Television and video receivers
Radio and stereo equipment, including records, tapes, and disks
Unmanufactured consumer goods (gemstones, nursery stock)
145
146
147
Imports n e e and U S goods returned
U S goods returned
.
Other products, including balance of payments adjustments not
included above (minimum value shipments and miscellaneous
imports)
See footnotes on page 75.
20,205
20,473
20,636
23,627
21,827
22,974
20,311
19,771
22,708
22,151
21,958
22,321
28,782
14,047
6,725
1,373
6,637
5,909
2,741
1,376
275
1,517
7,828
4,079
1,668
388
1,693
7,021
3,502
1,552
351
1,616
8,024
3,725
2,129
359
1,811
7,595
3,361
2,106
347
1,781
8,734
4,032
2,252
448
2,002
5,958
2,673
1,437
278
1,570
7,014
3,574
1,532
344
1,564
8,285
4,386
1,759
395
1,745
7,525
3,414
1,997
356
1,758
7,735
3,340
2,212
352
1,831
7,915
3,583
2,081
397
1,854
56,159
31,553
2,448
5,082
17,076
14,296
8,483
596
1,244
3,973
12,645
6,610
536
1,269
4,230
13,615
7,549
641
1,197
4,228
15,603
8,911
675
1,372
4,645
14,232
7,734
569
1,292
4,637
14,240
7,461
535
1,332
4,912
14,353
8,572
596
1,224
3,961
12,757
6,815
536
1,208
4,198
14,423
8,205
641
1,260
4,317
14,626
7,961
675
1,390
4,600
14,223
7,759
569
1,277
4,618
14,406
7,719
535
1,273
4,879
108,024
50,636
24,562
6,575
51,648
18,771
9,410
6,662
5,991
5,740
23,453
11,491
5,526
1,518
10,547
4,180
1,642
1,316
1,100
1,415
24,185
11,386
5,163
1,488
11,440
4,343
1,955
1,390
1,312
1,359
29,829
14,251
7,241
1,876
14,040
5,089
2,667
1,842
1,702
1,538
30,557
13,508
6,632
1,693
15,621
5,159
3,146
2,114
1,877
1,428
26,997
13,285
6,630
1,702
12,342
4,649
2,249
1,547
1,403
1,370
28,333
13,396
6,519
1,664
13,491
5,156
2,441
1,670
1,549
1,446
25,459
12,103
5,765
1,582
11,947
4,468
2,058
1,529
1,315
1,409
25,406
11,959
5,668
1,556
12,076
4,348
2,136
1,546
1,385
1,371
27,478
12,792
6,247
1,687
13,138
4,816
2,347
1,752
1,577
1,548
29,681
13,782
6,882
1,750
14,487
5,139
2,869
1,835
1,714
1,412
29,039
13,848
6,831
1,753
13,830
4,887
2,742
1,786
1,664
1,361
29,755
14,119
7,169
1,731
14,176
5,152
2,638
1,838
1,619
1,460
17,199
10,576
4,126
2,357
4,506
2,835
4,136
2,581
4,431
2,803
4,749
2,928
4,729
2,789
4,126
2,357
4,506
2,835
4,136
2,581
4,431
2,803
4,749
2,928
4,729
2,789
6,623
1,769
1,671
1,555
1,628
1,821
1,940
1,769
1,671
1,555
1,628
1,821
1,940
68 • September 1992
SURVEY OF CURRENT BUSINESS
Table 3.—Selected Service Transactions
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1991
I
1
1992
1991
II
III
IV
\r
1992
1991
\\p
I
II
III
IV
\r
\\P
152,252
34,316
36,769
41,873
39,296
40,040
40,275
35,359
37,709
39,010
40,177
41,585
41,346
Travel (table 1 line 5)
Passenger fares (table 1, line 6)
Other transportation (table 1 line 7)
Freight .
Port services
Other ..
48,757
15,627
23,625
7,237
15,332
1,056
9,608
3,064
5,618
1,792
3,561
265
12,121
3,778
5,812
1,861
3,686
265
14,841
4,917
6,114
1,829
4,024
261
12,188
3,868
6,082
1,755
4,061
266
12,099
3,833
5,963
1,783
3,897
283
13,640
4,143
6,212
1,780
4,154
278
10,758
3,379
5,651
1,792
3,594
265
12,150
3,878
5,858
1,861
3,732
265
12,608
4,063
6,017
1,829
3,927
261
13,244
4,308
6,099
1,755
4,078
266
13,663
4,233
6,055
1,783
3,989
283
13,684
4,255
6,259
1,780
4,200
278
8
9
10
11
12
13
14
Royalties and license fees (table 1 line 8)
Affiliated
U S parents' receipts
U S affiliates' receipts
Unaffiliated
Industrial processes l
Other2
17,799
14,014
13,500
514
3,785
2,586
1,199
4,094
3,184
3,066
118
911
633
278
4,262
3,329
3,222
107
933
638
295
4,288
3,331
3,224
107
957
649
309
5,155
4,171
3,989
182
984
666
318
4,579
3,565
3,404
161
1,014
690
324
4,687
3,651
3,518
133
1,036
707
329
4,365
3,454
3,324
130
911
633
278
4,370
3,437
3,322
115
933
638
295
4,484
3,527
3,408
119
957
649
309
4,578
3,594
3,446
148
984
666
318
4,872
3,858
3,684
174
1,014
690
324
4,803
3,767
3,625
142
1,036
707
329
15
16
17
18
19
20
21
22
23
24
25
26
27
Other private services (table 1, line 9)
Affiliated services
U.S parents' receipts . . . .
U.S. affiliates' receipts
Unaffiliated services
Education
Financial services
Insurance, net
Premiums received
Losses paid
Telecommunications
Business, professional, and technical services
Other unaffiliated services3
46,444
14,639
9,614
5,025
31,805
5,752
4,689
2,063
6,169
4,106
2,794
10,403
6,104
11,932
3,521
2,374
1,147
8,411
2,269
1,155
489
1,503
1,014
684
2,306
1,508
10,796
3,572
2,479
1,093
7,224
740
1,214
505
1,528
1,022
693
2,572
1,501
11,713
3,641
2,360
1,281
8,071
1,442
1,123
524
1,554
1,031
703
2,732
1,547
12,003
3,905
2,401
1,504
8,099
1,301
1,197
546
1,585
1,039
714
2,793
1,548
13,566
4,001
2,260
1,741
9,566
2,565
1,285
576
1,620
1,044
724
2,777
1,639
11,593
3,750
2,258
1,492
7,843
830
1,230
597
1,646
1,049
733
2,805
1,649
11,206
3,684
2,456
1,228
7,522
1,380
1,155
489
1,503
1,014
684
2,306
1,508
1 1 ,453
3,565
2,454
1,111
7,888
1,404
1,214
505
1,528
1,022
693
2,572
1,501
11,838
3,732
2,383
1,349
8,106
1,477
1,123
524
1,554
1,031
703
2,732
1,547
1 1 ,948
3,659
2,322
1,337
8,289
1,492
1,197
546
1,585
1,039
714
2,793
1,548
12,762
4,193
2,337
1,856
8,569
1,568
1,285
576
1,620
1,044
724
2,777
1,639
12,345
3,749
2,236
1,513
8,596
1,583
1,230
597
1,646
1,049
733
2,805
1,649
100,029
21,019
25,778
28,618
24,613
23,926
28,273
23,168
25,156
25,575
26,131
26,765
27,411
36,958
10,636
23,297
11,947
10,421
929
6,189
2,044
5,603
2,903
2,474
226
10,150
2,825
5,763
3,030
2,504
229
12,190
3,278
6,082
3,056
2,798
229
8,429
2,489
5,848
2,958
2,645
245
8,520
2,435
5,719
2,827
2,638
254
11,862
3,082
5,718
2,893
2,584
241
7,927
2,383
5,723
2,903
2,591
228
9,445
2,706
5,806
3,030
2,550
226
9,622
2,755
5,953
3,056
2,664
233
9,963
2,792
5,816
2,958
2,615
243
10,859
2,846
5,845
2,827
2,762
254
10,933
2,936
5,761
2,893
2,629
238
3,984
2,857
183
2,674
1,127
881
246
941
673
37
636
268
206
62
975
697
53
644
278
217
61
1,012
726
38
688
287
225
62
1,056
762
55
707
294
232
62
1,026
727
34
693
300
236
64
1,022
717
48
669
305
239
66
955
687
37
650
268
206
62
1,002
724
53
671
278
217
61
1,013
726
38
688
287
225
62
1,015
721
55
666
294
232
62
1,041
741
34
707
300
236
64
1,053
748
48
700
305
239
66
25,154
9,570
5,163
4,407
15,585
737
2,430
2,639
11,428
8,789
5,563
2,642
1,575
6,242
2,482
1,229
1,253
3,761
146
627
619
2,723
2,104
1,380
584
405
6,065
2,259
1,229
1,030
3,806
185
562
647
2,820
2,173
1,378
664
370
6,056
2,175
1,220
955
3,881
230
558
674
2,906
2,232
1,399
677
343
6,791
2,654
1,486
1,168
4,137
176
683
699
2,979
2,281
1,406
717
456
6,226
2,028
1,043
985
4,198
162
735
724
3,045
2,320
1,430
717
430
6,588
2,304
1,228
1,076
4,284
204
737
741
3,093
2,352
1,447
749
406
6,180
2,414
1,266
1,148
3,766
179
627
619
2,723
2,104
1,380
584
377
6,197
2,366
1,276
1,090
3,831
187
562
647
2,820
2,173
1,378
664
393
6,232
2,358
1,285
1,073
3,874
187
558
674
2,906
2,232
1,399
677
379
6,545
2,431
1,336
1,095
4,114
185
683
698
2,979
2,281
1,406
717
425
6,174
1,972
1,076
896
4,202
198
735
724
3,045
2,320
1,430
717
398
6,728
2,415
1,272
1,143
4,313
207
737
741
3,093
2,352
1,447
749
433
2
3
4
5
6
7
28
Exports of selected services
Imports of selected services
29
30
31
32
33
34
Travel (table 1 line 19)
Passenger fares (table 1 , line 20)
Other transportation (table 1, line 21)
Freight
Port services .
Other
35
36
37
38
39
40
41
Royalties and license fees (table 1 line 22)
Affiliated
U.S. parents' payments
U S affiliates' payments
Unaffiliated
Industrial processes l
Other2
42
43
44
45
46
47
48
49
50
51
52
53
54
Other private services (table 1 line 23)
Affiliated services
U S parents' payments
U S affiliates' payments
Unaffiliated services
Education
Financial services
Insurance net
Premiums paid
Losses recovered
. . .
Telecommunications
Business professional and technical services
Other unaffiliated services3
See footnotes on page 75.
September 1992 •
SURVEY OF CURRENT BUSINESS
69
Table 4.—Selected U.S. Government Transactions
[Millions of dollars]
1992
1991
Line
1991
I
A1
U.S. Government grants and transactions increasing Government assets, total
II
\r
IV
III
II'
-11,361
-16,488
-6,956
10,837
1,246
3,637
4,252
-24,487
3,833
14,220
-42,539
-18,181
1,420
3,073
-22,674
-8,214
483
2,915
-11,612
1,986
551
6,039
-4,604
-78
1,379
2,193
-3,650
2,620
1,225
1,849
3,011
1,554
2,264
12,123
1,499
10,089
31
505
1,635
283
1,236
4
112
1,056
420
501
-2
137
8,382
341
7,897
11
133
1,051
455
455
19
122
937
314
497
1
125
1,111
298
689
~A
128
1,002
10
58
8
203
-5
468
21
273
-14
80
13
130
-21
10
56
95
3
13
22
4
10
17
1
17
47
1
16
9
13
30
n
n
50
2
15
n
34
5
5
11
3
3
6
n
1
n
189
954
29
88
48
177
39
391
73
300
35
174
34
130
38
-37
31
57
-13
1,499
5,270
16,621
1,604
4,656
-41,558
201
189
535
283
418
4,305
373
508
-22,457
36
29
74
420
368
3,058
150
161
-11,273
41
48
168
341
4,165
5,853
884
3,702
-4,318
65
39
183
455
320
3,405
197
285
-3,510
58
73
110
314
311
2,888
109
194
298
277
3,477
449
147
-249
-524
48
35
56
13
34
149
22,684
4,349
3,127
3,098
387
4,859
716
1,061
1,432
129
2,118
815
610
437
103
12,612
1,545
826
328
49
3,095
1,273
630
901
106
2,937
869
609
1,099
143
3,351
1,616,
699
711
50
2,711
11,147
1,165
1,303
1,516
168
334
85
221
279
9,480
472
795
65
303
957
202
201
661
153
207
n
n
n
n
n
n
n
13
189
-34,046
5
29
-21,347
4
48
-9,074
39
-1,776
4
73
1 849
9
35
700
1
34
901
16,522
16,014
3,953
6,570
1,864
3,505
122
508
2,836
2,703
67
1,999
421
214
1
133
754
630
38
318
273
125
12,055
11,929
3,716
4,012
915
3,283
4
126
877
753
133
241
256
8
116
125
909
779
114
410
157
97
1
131
962
832
37
346
423
23
2
130
1,600
1,418
868
830
421
278
654
651
96
75
503
471
8,559
1,014
-1,466
3,098
387
1,840
510
1,735
40
2,776
362
-637
-664
-465
2,177
177
30
1,099
143
3,038
117
362
711
50
By category
2
3
4a
4b
5
6
7
8
9
10
11
Grants, net (table 1 , line 30, with sign reversed)
Financing military purchases *
Other grants
Cash contributions received from coalition partners for Persian Gulf operations
Credits and other long-term assets (table 1 , line 40, with sign reversed)
Capital subscriptions and contributions to international financial institutions, excluding IMF
Credits repayable in U.S. dollars
Credits repayable in other than U.S. dollars
Other long-term assets
17
18
19
20
21
22
23
Foreign currency holdings and short-term assets, net (table 1 , line 42 with sign reversed)
Foreign currency holdings (excluding administrative cash holdings), net
Receipts from:
Sales of agricultural commodities
Interest
Repayments of principal
Reverse grants
Other sources8
Less currencies disbursed for:
Grants and credits in the recipient's currency
Other grants and credits
Other U.S. Government expenditures8
Assets acquired in performance of U.S. Government guarantee and insurance obligations, net
Other assets held under Commodity Credit Corporation Charter Act, net
Assets financing military sales contracts, net2
Other short-term assets (including changes in administrative cash holdings), net
24
25
26
27
28
29
30
31
32
Capital subscriptions and contributions to international financial institutions excluding IMF .
Under Agricultural Trade Development and Assistance Act and related programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Under Commodity Credit Corporation Charter A c t
.
Under other grant and credit programs
Other foreign currency assets acquired (lines A1 3, A1 4, and A1 6)
Less foreign currencies used by U.S. Government other than for grants or credits (line A19)
Other (including changes in administrative cash holdings) net
33
34
35
36
37
38
39
40
41
42
Estimated transactions involving no direct dollar outflow from the United States
Expenditures on U.S. merchandise
.
. . .
Expenditures on U.S. services 4
Financing of military sales contracts by U S Government5 (line C6)
By long-term credits
By short-term
credits '
By grants1
U.S. Government grants and credits to repay prior U.S. Government credits14 6
U.S. Government long- and short-term credits to repay prior U.S. private credits and other assets
Increase in liabilities associated with
U.S. Government grants and transactions increasing Government assets (including
changes in retained accounts) 7 (line C1 1 )
Less receipts on short-term U.S. Government assets (a) financing military sales contracts ] (b) financing repayment of private
credits and other assets, and (c) financing expenditures on U.S. merchandise
Less foreign currencies used by U S Government other than for grants or credits (line A19)
Estimated dollar payments to foreign countries and international financial institutions
12
13
14
15
16
n
n
n
n
n
-807
-453
n
-107
6
n
20
By program
...
.
.
.
By disposition3
43
44
45
B1
2
3
4
5
6
7
8
Repayments on U.S. Government long-term assets, total (table 1, line 41)
Receipts of principal on U S Government credits
C1
2
3
U.S. Government liabilities other than securities, total, net increase (+) (table 1, line 53)
Associated with military sales contracts 2
.
. .
..
. .
U.S. Government cash receipts from foreign governments (including principal repayments on credits financing military sales s
contracts), net of refunds!
Less U S Government receipts from principal repayments
Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States
Plus financing of military sales contracts by U S. Government (line A36) ...
.
....
By long-term credits
By short-term credits l
By grants l
Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) 12 (table 1 ,
line 4)
Associated with U.S. Government grants and transactions increasing Government assets (incuding changes in retained accounts) 7
(line A42)
Associated with other liabilities
Sales of nuclear material by Department of Energy
. .
.
.
.
.
Sales of space launch and other services by National Aeronautics and Space Administration
Other sales and miscellaneous operations
4
5
6
7
8
9
10
11
12
13
14
15
Under
Under
Under
Under
Under
Receipts
Agricultural Trade Development and Assistance Act and related programs
Foreign Assistance Act and related programs
Export-Import Bank Act
Commodity Credit Corporation Charter Act
other credit programs
on other long-term assets
See footnotes on page 75.
1,432
129
n
437
103
328
49
-344
-341
2,209
102
301
901
106
2,711
1,303
334
279
795
957
661
10,691
2,569
2,517
2,556
3,049
2,994
2,798
18
-68
115
134
n
38
-1
38
2
n
143
-33
28
149
•3
-18
16
4
n
-3
-16
34
-21
n
21
10
28
-17
n
32
5
31
-5
SURVEY OF CURRENT BUSINESS
September 1992
Table 5.—Direct Investment: Income, Capital, Royalties and License Fees, and Other Private Services
[Millions of dollars]
Not seasonally adjusted
Line
(Credits +; debits -)
Seasonally adjusted
1991
1991
I
II
1991
1992
\r
IV
III
I
II*
II
1992
\r
IV
III
\\P
U.S. direct investment abroad:
1 Income with current-cost adjustment, before deduction of withholding taxes (table 1 , line
11,539
11,235
8,018
3,217
304
1,144
1 1 ,297
10,969
6,294
4,675
329
1,055
12,950
12,510
8,853
3,657
440
978
-835
-840
-727
-537
-525
-309
-226
-149
-148
-163
49,221
47,834
29,947
17,887
1,387
4,548
-3,161
14,367
13,941
7,153
6,788
427
1,185
12,232
11,904
6,417
5,486
328
1,163
10,458
10,154
5,591
4,563
304
1,144
12,164
11,836
10,786
1,050
329
1,055
12,848
12,408
8,017
4,391
440
978
-758
-835
-640
-727
Less: Current-cost adjustment
Less: Withholding taxes
-1,062
1,312
-378
-309
-226
-149
313
354
240
406
316
331
362
370
313
268
381
353
10
11
12
13
Equa/s: Income without current-cost adjustment, after deduction of withholding taxes l ....
Petroleum
Manufacturing
Other
48,970
10,055
18,651
20,264
14,433
3,655
4,623
6,155
12,187
1,967
5,202
5,018
10,444
2,312
3,852
4,280
11,907
2,121
4,975
4,811
12,681
1,901
4,986
5,794
12,880
1,662
5,451
5,767
14,276
3,320
4,802
6,155
12,064
2,152
4,894
5,018
11,452
2,769
4,404
4,280
11,178
1,814
4,553
4,811
12,718
1,721
5,202
5,794
12,696
1,829
5,100
5,767
14
15
16
17
18
19
20
21
Capital with current-cost adjustment (table 1 line 44)
Equity capital
Increases in equity capital2
Decreases in equity capital 3 . .
.
Reinvested earnings
Intercompany debt
. .
.
U.S. parents' receivables
U.S. parents' payables
-27,135
-11,650
-21,693
10,043
-17,887
2,402
1,130
1,271
-12,782
-2,405
-4,495
2,090
-6,788
-3,589
-2,669
2,188
557
-2,995
3,552
-5,486
, 7,117
-1,877
8,994
-8,473
-3,355
-4,680
1,325
-4,563
-6,067
-6,448
-9,523
3,076
-1,050
-15,809
-3,071
-4,797
1,727
-4,391
-8,348
-5,713
-2,635
-13,058
-2,081
-3,101
1,020
-6,298
-4,679
-3,671
-1,008
-11,994
-2,405
-4,495
2,090
-6,000
-3,589
-2,669
3,681
557
-2,995
3,552
-3,993
7,117
-1,877
8,994
-7,128
3355
-4,680
1,325
-3,217
-1 1 ,692
-6,448
-9,523
3,076
-4,675
-15,075
-3,071
-4,797
1,727
-3,657
-8,348
-5,713
-2,635
-11,006
-2,081
3,101
1,020
-4,246
-4,679
-3,671
-1 ,008
2
3
4
5
6
7
8
9
Earnings
Distributed earnings
Reinvested earnings
Interest
U S parents' receipts
U S parents' payments
22
Less' Current-cost adjustment (line 8 with sign reversed)
23
24
25
26
27
28
29
30
31
32
33
34
35
Equals' Capital without current-cost adjustmentl
Equity capital (line 15)
Petroleum
Manufacturing ...
Other
Reinvested earnings without current-cost adjustment (line 18 less line 22)
Petroleum
Manufacturing
Other
Intercompany debt (line 19) ....
Petroleum
Manufacturing
Other
36
37
38
39
40
41
-920
-556
-4,693
4,138
-570
10,370
-10,940
13,047
12,589
6,291
6,298
459
984
14,260
13,833
7,833
6,000
427
1,185
12,125
11,796
7,803
3,993
328
1,163
-537
-525
-758
-148
-163
-378
-920
-556
-4,693
4,138
-570
10,370
-10,940
12,886
12,427
8,181
4,246
459
984
1,062
378
309
226
149
148
163
378
309
226
149
148
163
-28,197
-11,650
-1,689
-1,895
-8,066
-18,949
-2,653
-7,474
-6,822
2,402
2,981
-2,943
2,363
-13,160
-2,405
1,879
557
21
1,173
-8,699
-3,355
-8,216
-6,448
-15,958
-3,071
130
-13,221
-2,081
47
12372
-2,405
3,372
557
21
1,173
7354
-3,355
-11,841
-6448
-15,224
-3,071
130
-11,170
-2,081
47
Royalties and license fees before deduction of withholding taxes net .
U.S. parents' receipts (table 1, part of line 8) . .. .
U.S. parents' payments (table 1, part of line 22)
13,317
13,500
Other private services, before deduction of withholding taxes, net
U S parents' receipts (table 1 part of line 9)
U.S. parents' payments (table 1 part of line 23)
-401
-152
-1,852
-7,166
-1,221
-2,300
-3,645
-3,589
503
-2,534
-1,559
-637
-5,795
-535
-2,834
-2,426
7,117
9
-598
-712
-1,468
-1,289
-4,789
-1,115
-1,166
-2,508
-1,448
-4,288
-1,199
218
-1,175
-242
-827
-662
-401
-152
-2,374
-4,539
1,529
-2,930
-3,138
-8,348
-1,415
-6,217
-1,466
-6,461
330
-3,372
-3,419
-4,679
454
-1,469
-3,664
-1,852
-6,378
-1,000
-2,065
-3,313
-3,589
503
-2,534
-1,559
-331
-6,217
-1,744
3,269
3,322
-53
3,370
3,408
-38
3,391
3,446
-55
3,650
3,684
-34
3,577
3,625
-48
1,190
2,456
-1,266
1,178
2,454
-1,276
1,098
2,383
1 285
986
2,322
-1,336
1,261
2,337
-1,076
964
2,236
-1,272
-1,674
228
-1,718
1,947
-1,902
-2,397
495
1,174
3,293
-1,963
5,256
-2,119
-2,691
571
1,121
3,264
-1,859
5,122
834
3,135
-2,263
5,398
-2,729
587
547
2,707
-1,563
4,270
-2,161
-2,676
516
872
2,738
-1,721
4,459
-1,866
-2,357
492
-1,296
606
-1,963
2,570
-1,902
-2,397
495
275
-52
296
-48
275
-80
285
-62
285
-67
275
-52
296
-48
649
-1,544
3,187
3,224
-38
3,934
3,989
-55
3,371
3,404
-34
3,471
3,518
-48
1,146
2,374
-1,229
1,250
2,479
-1,229
1,141
2,360
-1,220
915
2,401
-1,486
1,217
2,260
-1,043
3,675
12,399
-7,648
20,046
-8,723
-11,018
2,295
1,667
3,786
-1,817
5,603
-2,119
-2,691
571
750
2,892
-1,533
4,425
-2,142
-2,729
587
254
2,414
-1 ,244
3,658
-2,161
-2,676
516
1,005
3,306
-3,054
6,360
-2,301
-2,922
621
1,122
275
-80
285
-62
285
-67
278
4,451
9,614
-5,163
-2,331
-2,162
-662
-1,466
-4,410
1,350
-2,577
-3,183
-4,679
454
-1,468
-3,664
-570
3,169
3,222
-53
3,029
3,066
-37
-183
-967
-1,113
-827
-2,374
-3,805
1,548
-2,692
-2,661
-8,348
-1,415
1,044
409
-2,023
-1,744
7,689
-712
-1 ,448
-4,288
-4,824.
-556
-570
1,044
409
-2,023
-236
-4,302
43
-2,112
-2,233
7,117
9
-598
-1,468
-1,289
-3,443
-1,363
1,425
-556
1,425
-582
-637
-716
-582
-236
7,689
3,287
3,324
-37
1,030
2,258
-1,228
1,385
3,251
-1,682
4,933
-1,866
-2,357
492
-716
Foreign direct investment in the United States:
42
43
44
45
46
47
48
Income with current-cost adjustment, before deduction of withholding taxes (table 1 , line
26)
Earnings
Distributed earnings
Reinvested earnings
Interest
U.S. affiliates' payments
U.S. affiliates' receipts
49
50
Less:1 Current-cost adjustment
Less Withholding taxes
51
52
53
54
Equals: Income without current-cost adjustment, after deduction of withholding taxes ] ....
Petroleum
Manufacturing
Other
55
56
57
58
59
60
61
62
Capital with current-cost adjustment (table 1, line 57)
Equity capital
Increases in equity capital2
Decreases in equity capital 3
Reinvested earnings ..
Intercompany debt
U.S. affiliates' payables
U.S affiliates' receivables . .
63
Less: Current-cost adjustment (line 49 with sign reversed)
64
65
66
67
68
69
70
71
72
73
74
75
76
Equals' Capital without current-cost adjustment l
Equity capital (line 56)
.
Petroleum
Manufacturing
Other
Reinvested earnings without current-cost adjustment (line 59 less line 63)
Petroleum
Manufacturing
Other . ..
Intercompany debt (line 60)
Petroleum
Manufacturing
Other
77
78
79
Royalties and license fees, before deduction of withholding taxes net
U.S affiliates' payments (table 1 part of line 22)
U.S. affiliates' receipts (table 1, part of line 8)
-2,161
-2,674
514
-518
-636
80
81
82
Othpr rjr'vat0 sprv'CPS b°forp ripduction of withholdinn taxes nPt
U S affiliates' payments (table 1 part of line 23) ".
U.S. affiliates' receipts (table 1, part of line 9)
618
-4,407
5,025
-107
See footnotes on page 75.
-354
527
36
-145
872
-90
2,907
-1,170
1,472
1,162
-1,922
-917
-227
-659
-219
-909
-280
-559
-235
4,994
931
1,176
1,413
1,163
1,242
1,956
-330
-849
-743
11,497
27,925
32,192
-4,267
-20,046
3,618
5,238
1 620
-1,880
7,376
9,312
-1,936
-5,603
-3,653
786
-4,439
8,019
7,493
8,557
-1,064
-4,425
4,950
-1,424
6,374
641
5,440
5,953
4,718
7,615
8,369
-4,294
5,390
6,323
-513
-755
-933
-388
-3,658
-1,142
2,304
-3,446
-6,360
3,463
3,572
-109
-4,933
-4,751
-1,924
-2,827
-1,122
-275
-285
-285
-278
12,619
27,925
113
11,794
16,018
-18,924
-1,605
7,376
257
2,352
4,767
-5,328
26
-2,326
-3,028
-3,653
-1,247
759
-3,166
8,304
7,493
925
5,440
138
1,822
3,480
-3,373
4,995
7,615
146
2,522
4,947
-6,082
-741
-6,273
-11,910
3,618
-1,624
1,097
4,145
-635
118
-1,253
1,147
-451
-559
-748
1,413
1,163
1,242
1,956
-743
7,322
7,493
8,557
-1,064
-5,122
4,950
-1,424
6,374
29
5,440
5,953
5,680
7,615
8,369
-3,820
5,390
6,323
5,989
4,898
5,286
-513
-755
-933
-388
-1,947
3,661
3,750
-90
-1,532
7,376
9,312
-1,936
-5,256
-3,653
786
-4,439
-4,270
-1,142
2,304
-3,446
-5,398
3,463
3,572
-4,459
-4,751
-1,924
-2,827
-2,570
3,661
3,750
-90
-275
-296
-275
-285
-285
-278
-275
-296
6,908
4,898
191
1,816
2,892
-1,650
93
7,606
7,493
314
5,440
138
1,822
3,480
-3,985
5,958
7,615
146
2,522
4,947
-5,120
-1 360
3,661
144
2,162
1,354
-1,258
7,376
257
2,352
4,767
-4,981
26
-1,979
-3,028
-3,653
-1,247
759
-3,166
-536
-669
-520
-650
-184
-730
6,656
-2,459
-1,142
27
-53
1 116
-2,460
-3,189
3,463
665
1,026
1,771
-537
-644
-581
-688
-525
-707
-531
-693
-636
107
107
-..63
-1,030
1,093
-3?fi
-955
1,281
182
701
-90
-219
-616
-150
-756
-433
329
278
-145
-227
-287
-3,235
4,950
-1,070
-428
899
2301
-2,922
621
437
1,176
-4,018
5,390
196
1,726
3,468
-4,657
297
-1,127
-3,827
-4,751
-1,124
-1,897
-1,731
5,097
2,824
-4,140
979
2142
6,612
4,898
5,286
-383
161
33fi - -755
-1,168
-985
1.504
1,741
133
-
-416
-1,076
1,492
-635
130
-.80
-1,148
1,228
-109
-330
-471
-150
-184
-433
-3,544
5,390
196
1,726
3,468
-4.183
297
-1,453
-3,235
4,950
1 070
6,656
-1,342
-2,459
-1,142
27
-53
-1,116
-1,498
-3.189
3,463
665
1,026
1,771
-3,827
-4,751
-1,124
-1,897
-1,731
6,285
4,898
191
1,816
2,892
-2,273
93
-1,007
-1 ,360
3,661
144
2,162
1,354
-555
-671
-569
-688
-518
-666
-533
-707
-558
-700
-428
5,097
2,824
-4,837
-636
-653
115
119
148
174
142
?1
-1,090
1,111
?76
?4?
-1,095
1,337
960
370
-1,143
1,513
-1 ,073
1,349
-896
1,856
SURVEY OF CURRENT BUSINESS
September 1992
•
Table 6.—Securities Transactions
[Millions of dollars]
1QQ1
I
A1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Foreign securities, net U.S. purchases (-), (table 1, line 45 or lines 2 + 13 below)
Stocks net U.S. purchases
New issues in the United States
Of which Western Europe
Canada
Latin America
Western Eurooe
Canada
Other countries
International financial institutions2
30
31
32
33
34
35
Other transactions in outstanding bonds, net3
Western Europe
Of which United Kingdom
Canada
Japan
Other
II
.
U.S. securities, excluding Treasury securities and transactions of foreign official agencies, net foreign purchases
(+), (table 1, line 59 or lines 2 + 10 below)
Stocks, net foreign purchases
By area:
Western Europe
Of which Germany
Switzerland
United Kingdom
Canada
Japan
Other
\r
IV
III
II*
-45,017
-9,526
-11,783
-12,403
-11,305
-3,703
-8,573
-30,156
-6,747
-9,145
-8,532
-5,732
-7,487
-3,267
-5,946
-332
-1,945
-388
-1,291
-610
-2,378
-1 082
(D)
(D)
(D)
H
(D)
-1,424
-203
-6,415
-2000
-627
-7,200
-4458
-2465
608
389
306
-13275
-200
-4884
-2504
-544
-7,241
-2950
-1821
-460
-3380
-451
-2,495
New issues in the United States
By issuer:
Central governments and their agencies and corporations
Other governments and their agencies and corporations l
Private corporations
International financial institutions2
25
26
27
28
29
3
4
5
6
7
8
9
. . . .
Bonds net U S purchases
By area:
Western Europe
Canada
japan
Latin America .. ..
Other countries
International financial institutions2
2
. . . . . . .
Transactions in outstanding stocks, net
Western Europe .
Of which United Kingdom
Canada
Japan
Other
19
20
21
22
?3
24
B1
19$J2
1991
1 ino
-24,210
-11 343
-6391
1
80
-868
-3,354
-1 935
-1478
373
-2507
715
-927
(l5)
-100
-674
-6,560
-2893
-1,767
346
-1 543
-2470
-2,417
-1 142
-1,059
-850
144
1,015
173
-323
-844
-14861
-2779
-2638
-3871
-5573
-1,216
-5,306
-20993
-5261
-7016
-2544
-6172
-4674
-5309
-643
-1 742
-159
-257
-2,343
-2468
-1,104
-791
-1,706
-1 722
-455
-288
-2,418
-2473
-130
-1 968
-2319
-1,197
-2162
-1 ,566
-3352
-1 452
-6,000
-10099
-3,442
-7,054
-7840
-347
-618
-1,692
-3442
7401
1 604
4435
643
719
-95
-1 519
-2163
-1,484
-1 100
-1495
-3726
-695
-1 455
-2322
-2,390
-2503
-1 484
-350
-1,078
-695
-101
-159
-268
-513
-1 104
-860
-455
-261
-130
748
81
447
213
7
1 396
1 822
3435
1 483
1 539
696
581
119
344
483
1 153
2254
20
305
291
407
187
864
361
71
141
655
120
623
1 734
-3149
-7630
-6353
-928
-1 241
-696
-347
1 975
-3377
-2470
:
803
1 683
2866
-1 536
-2436
-3587
-1269
-13617
-14262
-4399
2399
14348
732
339
283
2982
3238
1 010
-2531
-614
1 333
201
806
2074
4603
34918
4862
4832
4551
10872
9,175
1,416
7,453
2,062
-1,756
-3,131
-1,047
-150
-973
-325
-834
3423
-2699
-1 669
-184
-1 055
684
-3336
1 002
-705
1 372
-629
-1 664
1 184
-140
-101
872
974
99
69
74
148
591
0
-89
-229
-248
3731
1 093
4501
-646
2256
197
779
15212
94
1 160
1 071
1 177
1 879
10012
-2836
-9957
-9258
-1 223
2006
6338
73
253
-1 496
35
150
715
93
189
-1 114
29
10
Corporate and other bonds, net foreign purchases
25,743
3,446
7,759
7,950
6588
7,682
11,919
11
12
13
New issues sold abroad by U.S. corporations
U S federally-sponsored agency bonds net
Other outstanding bonds, net
20931
8823
-4011
3241
8092
1 556
-1889
4176
3785
-646
5422
2631
-1 465
6,077
2699
-1 094
7,077
5 105
-263
13071
1 569
1 748
5183
2757
3383
4513
5137
261
459
563
557
218
772
151
449
476
259
74
3589
2408
-166
3240
2253
-134
14
15
16
17
18
19
20
21
By area:
Western Europe
Of which Germany
Switzerland
United Kingdom .
Canada
Other countries
International financial institutions2
569
9370
1 292
5706
5667
7
851
682
992
1 080
-178
-11
600
991
313
471
1 256
1 562
3504
-135
-181
3426
-453
3999
-119
1 743
4880
168
59
278
-440
2810
219
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
US stocks (part of line A1 4)
5 Other foreign transactions in U.S. Treasury bonds and notes (table 9, line B4)
See footnotes on page 75.
2,262
1 301
-3,442
410
949
-29
-88
854
15,571
2,092
-4,185
-219
102
13
15,069
-338
474
210
-115
-1,581
10,227
1 075
186
197
-9
5,361
540
217
-104
-525
4,382
1 699
141
-216
8,631
72 • September 1992
SURVEY OF CURRENT BUSINESS
Table 7.—Claims on and Liabilities to Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns
[Millions of dollars]
Amounts
outstanding
March 31,
1992
1991
(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
A1
2
3
4
5
6
7
8
9
10
11
12
13
14
1991
Claims, total (table 1, line 46)
Financial claims
Denominated in U.S. dollars
Denominated in foreign currencies
By type: Deposits'
Other claims12
..
.
By area: Industrial countries3
Of which United Kingdom
Canada
Caribbean banking centers4
Other
Commercial claims
Denominated in U.S. dollars
Denominated in foreign currencies
5,526
2,251
2,304
6,965
7,330
-425
2,565
2,682
5,676
7 997
-1,032
2,779
-214
2,966
-284
5,459
3,995
1,916
1,525
-19
2,794
2,223
325
-254
25
2,179
1,341
1,015
569
-1,439
-1,175
-264
-314
-296
-18
-583
-856
-128
-186
-263
-115
-119
2,311
254
4,764
4,341
4,298
43
n.a.
n.a.
n.a.
82,034
68,467
73,573
-718
2,970
-534
5,003
-662
n.a.
n.a.
78,366
3,668
-1,919
-1,909
2,405
2,340
231
-35
3,822
2,935
1,205
955
^36
n.a.
n.a.
n.a.
n.a.
n.a.
58,055
43,353
11,491
22,709
1,270
420
478
-58
-1,167
-1,011
-156
423
342
81
n.a.
n.a.
16,541
15,812
729
677
-869
-298
308
115
n.a.
n.a.
13,821
2,720
-877
-149
-141
235
35
153
n.a.
n.a.
n.a.
10,660
1,058
4,823
-718
-44
-674
-66
-378
-346
-32
o
345
1,245
-44
66
15
16
By type: Trade receivables
Advance payments and other claims
17
18
19
By area: Industrial countries53
Members of OPEC
Other
-1,120
-223
-96
-417
-47
150
B1
Liabilities, total (table 1, line 60)
-405
-1,430
-1,275
725
1,942
223
449
-226
-910
-549
-367
-277
-260
-17
895
756
137
515
1,456
15
702
238
-619
-445
65
152
-341
-1
760
666
175
-40
32
-442
380
103
1,656
695
-628
-697
69
-520
-998
-926
-72
815
45
-1,475
847
-1,652
1,132
-142
-856
—309
-561
242
198
-608
-110
-1,243
164
81
2
3
4
5
6
7
8
9
10
11
Financial liabilities
Denominated in U.S. dollars
Denominated in foreign currencies
By area: Industrial countries3
Of which United Kingdom
Caribbean banking centers4
Other
-69
450
-465
Commercial liabilities
Denominated in U.S. dollars
Denominated in foreign currencies
12
13
By type: Trade payables
Advance receipts and other liabilities
14
15
16
By area'Industrial countries3
Members of OPEC5
Other
See footnotes on page 75.
.
236
-527
-565
-248
-11
98,575
1,269
2,436
-555
2,997
-298
-257
422
-16
14
1,575
46,472
n.a.
n.a.
n.a.
21,636
17,541
4,095
-265
65
n.a.
n.a.
n.a.
n.a.
16,209
6,955
3,909
1,518
210
-21
231
486
548
-62
n.a.
n.a.
n.a.
24,836
23,638
340
340
-21
231
512
-26
n.a.
n.a.
8,697
16,139
515
180
-15
22t
-297
286
-472
101
857
n.a.
n.a.
n.a.
15,508
2,240
7,088
-135
500
7,354
1,198
September 1992 • 73
SURVEY OF CURRENT BUSINESS
Table 8.—Claims on Foreigners Reported by U.S. Banks
[Millions of dollars]
19 92
19 31
Line
(Credits +; decrease in U.S. assets. Debits-; increase in U.S. assets.)
I
II
1 Total (table 1, line 47)
-4,753
17,909
By type:
Banks own claims
-9,192
-2889
-14,534
2
3
4
5
6
1
8
g
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 borrowersl
other private foreigners . . .
By area:
Industrial countries3
Western Europe
Of which United Kingdom
Canada
Japan
Other
27
Caribbean banking centers4
28
29
30
31
32
33
Other areas
Of which Members of OPEC, included below5
Latin America
Asia
Africa 6
Other
2
3
4
5
6
7
8
....
557
.
.
.
Memoranda:
International banking facilities' (IBF's) own claims payable in dollars (lines 1-13 above)
By borrower:
Claims on:
own foreign offices
unaffiliated foreign banks
foreign public borrowers .
all other foreigners
By bank ownership:2
U S.-owned IBF's
Foreign-owned IBF's
Banks' dollar acceptances payable by foreigners
See footnotes on page 75.
...
4939
5992
3166
Payable in foreign currencies
Banks' domestic customers' claims
Payable in dollars
Deposits
Negotiable a n d readily transferable instruments .
Outstanding collections and other
Payable in foreign currencies
21
22
23
24
25
26
1
710
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
Amounts
1991
15,859
12,592
627,528
13,669
-2,512
3,223
-23,572
13,497
4,450
569,454
12278
-7383
6207
-13,991
1,136
2,570
510,630
4,794
6,731
-2791
3,540
-6,950
-4,411
1,953
1,052
4586
-1,384
-14,331
-2,662
-1 ,031
4,033
541
-2,042
3,399
1,987
1,830
-4,646
314,999
111,875
35,382
48,374
6,985
1,014
3,745
1 468
2,239
-4,094
-6,079
1 ,398
2,088
-8,845
-6,387
-5,381
1,426
2,372
-1,901
148,958
34,716
48,130
-10,695
-5879
1,739
6,047
1 766
-1,744
-8,252
-4060
9,386
9,018
3,345
1,973
914
166,041
77,159
35,626
-2984
-9581
12361
1 880
58824
353
2362
1,950
-2,282
4,010
8142
58074
53,646
17,098
24,240
12,308
4428
-2,191
5717
750
-6303
1 391
4439
1 404
4240
2,306
-2,680
5,907
11978
83
-668
-385
-22 863
12579
3024
7841
7553
231
1992
-23,219
-15091
-2456
1,659
5531
6501
II"
2,403
3
-1,147
3035
I'
-1,846
9,276
-866
3417
IV
III
June 30,
-921
4175
-197
4871
666
-2,061
-2,336
280
-5
-714
4,946
-820
-120
-122
94
-92
1 934
2727
19962
14432
14,609
-1 ,681
7,002
10682
6942
3,634
-1 ,439
5,470
-4234
-2927
2,392
2,384
-291
-256
209
-5141
3088
-1 359
622
1 064
27
-18115
5587
2,174
3,646
3708
105
-700
286
-1 597
3714
263
-416
2262
33
1,279
4272
-2864
-129
-926
-25 399
-10639
-3338
811
2,631
6
222
412
28089
5249
4,699
-385
-915
9,708
424
8,875
409
-1 566
-4190
-13406
-5,284
-432
292 603
174203
91.220
20,406
94,100
3,894
-5199
15028
209 853
-7031
-3825
-2,087
-4367
1 754
-1 ,951
-49
958
285
560
125072
21 ,205
54,883
55408
3742
11,039
-204
-219
-15,524
22,380
9,867
-47
664
1990
190
1,946
3,989
519
66
139
-3,046
1,375
-1,872
1,835
-4,384
-716
17321
22825
-2,771
3,296
-6,029
5,392
8,964
219,848
10,958
180
6,051
132
16,335
5,408
639
443
2,295
-5,065
663
-1,008
817
2,683
804
-6,664
-279
-980
5,441
394
-451
-164
3,872
2,337
1,877
878
102,977
78,903
20,178
17,790
8,929
8,392
6,886
3,688
19,137
1,645
4,633
-7,404
1,333
1,817
1,479
1,912
-1,209
-4,820
1,996
-5,982
11,374
1,088
6,446
2,518
315
53,931
165,917
7,568
-664
2,066
SURVEY OF CURRENT BUSINESS
74 • September 1992
Table 9.—Foreign Official Assets and Other Foreign Assets in the United States Reported by U.S. Banks
[Millions of dollars]
1991
(Credits + ; increase in foreign assets. Debits -; decrease in foreign assets.)
A1
Foreign official assets in the United States (table 1, line 49)
2
3
4
5
6
7
8
9
10
11
12
13
14
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 dollars1
Demand deposits
Time deposits l 2
Other liabilities
Banks' custody liabilities, payable in dollars13
Other foreign official assets (table 1 line 55)
. . .
I
II
Amounts
outstanding
June 30,
1992
1991
Line
III
r
IV
\
U*
1992
18,407
5,650
^1,178
4,115
12,819
21,192
21,071
438,869
15,815
13,180
2,262
373
1,301
1,600
-1,668
2,612
718
1,965
-3,367
1,125
4,477
-3,442
90
-29
868
2,920
4,254
-3,553
536
-4,185
96
5,624
5,869
-222
-160
862
-2,350
706
115
383
14,909
9,451
5,361
97
540
96
5,534
5,419
-1,300
1,193
5,526
115
113
11,615
7,135
4,382
98
1,699
503
7,329
7,541
292
275
6,974
1,359
102
4,374
-1,334
766
93
474
654
-2,732
-2,913
103
-1,372
-1,644
181
95
12,619
2,298
10,227
94
1,075
-75
332,411
109,278
218,080
5,053
14,369
19,411
51,224
47,336
1,634
17,942
27,760
3,888
21,454
2,563
-15,390
-14,122
7,202
24,873
-5,302
5,155
836,018
-984
-219
421
-942
1,648
-338
-344
-914
-377
997
2,373
-3,747
-537
-212
By area (see text table B):
B1
Other foreign assets in the United States (table 1, lines 58 and 61)
U S Treasury securities (line 58)
16,241
2,850
13,289
-1,306
1,408
-828
10,288
164,126
3
4
By security:
Bills and certificates
Marketable bonds and notes
670
15,571
758
2,092
-1,780
15,069
275
-1,581
1,417
-9
-303
-525
1,657
8,631
19,396
144,730
5
6
7
By holder:
Foreign banks
Other private foreigners
International financial institutions4
-3,198
17,891
1,548
5
3,114
-2,010
15,210
89
-503
-445
-358
-690
12
2,086
873
-2,194
493
583
8,560
1,145
8,927
142,193
13,006
-13,678
1,078
-3,388
-18,240
-15,986
-10,323
2
8
9
10
U S liabilities reported by U S banks (line 61)
Banks' own liabilities '
Payable in dollars
12
13
14
By account:
Liabilities to own foreign offices
Liabilities to unaffiliated foreigners:
demand deposits
time deposits 12
other liabilities
15
16
17
18
By holder:
Liabilities to:
own foreign offices
unaffiliated foreign banks
other private foreigners
international financial institutions4
11
...
-269
-27,411
-23,445
-17,944
8,508
13,103
9,354
23,465
27,406
15,525
-4,474
-4,920
2,299
-5,133
-4,907
-7,797
671,892
605,113
534,521
6,043
-6,513
3,620
1,207
7,729
11,396
-10,894
328,732
-2,122
-10,463
3,154
-1,223
-4,150
1,563
-1,316
-16,221
-4,027
984
2,972
4,191
-567
266
13177
3,814
1,259
2,626
19,203
132,819
53,767
6,043
-6,946
-4,388
1,902
-6,513
-4,830
751
269
3,620
-17,997
-2,866
7,729
7,534
-702
1,207
8,347
-1,747
1,547
11,396
-6,539
-2,332
1,774
-10,894
8,863
-3,317
-2,449
328,732
130,423
69,248
6,118
-13,451
1,752
-6,454
3,461
701
-1,975
2842
-1,994
-4,793
652
925
-229
-451
481
-83
17,096
1,216
2,031
-9,344
348
-5,196
135,160
26,008
44,131
19,494
-8,698
-2,035
-59
-8,291
319
5,595
-15,155
-1,574
6,000
7,695
-1,125
7,958
7,053
345
-5,700
-9,755
-2,589
-1,550
8,515
-570
193,572
104,415
31,235
2,890
70,592
-226
66,779
14,420
6,936
1,427
-526
788
-788
5
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
1
By bank ownership:
U.S.-owned banks' liabilities to:
own foreign offices
unaffiliated foreign banks
. .
other private foreigners and international financial institutions4
Foreign-owned banks' liabilities to:
own foreign offices
unaffiliated foreign banks
other private foreigners and international financial institutions4
Payable in foreign currencies
Banks' custody liabilities payable in dollars 1 3
Of which negotiable and readily transferable instruments
By area:
Industrial countries6
Western Europe
Canada
Other . . . .
Caribbean banking centers7
Other areas
Of which Members of OPEC included below8
Latin America
.
. . .
Asia
:
Africa 9
Other
Memoranda:
International banking facilities' (IBF's) own liabilities, payable in dollars (in lines A9, and B10 above)
2
3
4
5
By holder:
Liabilities to:
own foreign offices
unaffiliated foreign banks .
foreign official agencies
other private foreigners and international financial institutions4
6
7
By bank ownership:5
U.S.-owned IBF's
Foreign-owned IBF's
8
Negotiable certificates of deposit held for foreigners1 (in lines A13 and B27 above)
See footnotes on page 75.
4,466
-5,663
-5,501
3,749
11,881
-7,219
-14,756
1,973
-2,254
1,256
-3,966
-4,595
-1,151
-3,941
2,096
446
-8,986
-3,371
364
-5,979
11,838
-10,913
-9,242
2,467
-4,138
-8,332
3,855
-3,211
1,638
53
-4,902
13,143
-2,730
-77
-5,356
1,366
57
1,203
27,504
18,550
-3,448
12,402
-2,938
307
1,191
-4,793
1,926
130
3,044
-8,031
4,304
-1,337
-10,938
1,693
1,036
3,317
-4,033
2,177
599
2,293
13,670
15,077
14
-1,421
-7,848
1,354
10
-1,180
395,806
301,102
22,118
72,586
299,614
140,598
55,207
50,507
63,827
4,373
21,891
-228
-375
10
-5,962
1,974
196
3,473
^04
3,669
61
529
-22,366
-14,317
1,292
-9,341
9,965
-1,721
-1,590
4,591
-4,987
-52
-1,303
-16,877
-9,508
-23,020
5,647
10,004
-8,485
-4,286
286,277
-5,730
-9,605
805
-2,347
-2,839
-6,183
368
7,934
-1,858
3,216
5,640
1,532
245
-6,475
-16,996
1,862
-1,411
-797
-384
781
-8,809
1,765
-2,222
-9,226
5,873
536
1 469
137,234
108,061
20,687
20,295
-18,432
1,555
-4,409
-5,099
-8,360
-14,660
-4,601
10,248
-1,062
11,066
3,499
-11,984
-6,873
2,587
51,276
235,001
383
275
838
-86
654
-289
-728
-252
-731
-644
-667
-1,043
-851
-760
7,350
SURVEY OF CURRENT BUSINESS
September 1992 • 75
FOOTNOTES TO U.S. INTERNATIONAL TRANSACTIONS TABLES 1-1O
General notes for all tables:
" Revised. P Preliminary, less than $500,000 (±)
n.a. Not available.
D
Suppressed to avoid disclosure of data of individual companies.
Table 1:
1. Credits, +: Exports of goods, services, and income; 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, services, and income; 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
offical assets in the United States.
2. 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 2.
3. Includes some goods: Mainly military equipment in line 4; major equipment, other materials, supplies, and
petroleum products purchased abroad by U.S. military agencies in line 18; and fuels purchased by airline and steamship
operators in lines 7 and 21.
4. Includes transfers of goods and services under U.S. military grant programs.
5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude
U.S. parents' payments to foreign affiliates and to include U.S. affiliates' receipts from foreign parents. The definition
of imports is revised to include U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts from
foreign parents.
6. Beginning in 1982, the "other transfers" component includes taxes paid by U.S. private residents to foreign
governments and taxes paid by private nonresidents to the U.S. Government.
7. For all areas, amounts outstanding June 30,1992, were as follows in millions of dollars: Line 34,77,092; line 35,
11,059; line 36,11,597; line 37,9,381; line 38,45,055. Data are preliminary.
8. Includes sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible
bonds and notes.
10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities of
U.S. Government corporations and agencies.
11. 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.
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State and
local governments.
13. Conceptually, the sum of lines 69 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) includes adjustments for the different geographical treatment of
transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment by financial pension
plans, except life insurance carriers and private noninsured pension plans. A reconciliation of the balance on goods
and services from the international accounts and the NIPA net exports appears in the "Reconciliation and Other Special
Tables" section in this issue of the SURVEY OF CURRENT BUSINESS. A reconciliation of the other foreign transactions in the
two sets of accounts appears in table 4.5 of the full set of NIPA tables (published annually in the July issue of the SURVEY).
Table 2:
1. Exports, Census basis, represent transactions values, f.a.s. U.S. port of exportation; imports, Census basis,
represent Customs values (see Technical Notes in the June 1982 SURVEY). Unadjusted data are as published by the
Bureau of the Census. Seasonally adjusted data reflect the application of seasonal factors developed jointly by Census
and BEA, and are the same totals except for six sen'es which use quarterly factors; these series are not seasonally
adjusted by Census (see Technical Notes in the June 1991 SURVEY).
2. Beginning in 1990, the Census Bureau replaced its compiled export statistics with counterpart Canadian import
statistics. Similarly, Statistics Canada replaced its compiled export statistics with counterpart U.S. import statistics. This
exchange of data has eliminated the need for the inland freight adjustment on U.S. exports, but not on U.S. imports.
3. Adjustments in lines A5 and A13, B12, B47, and B82 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 are distributed to the affected end-use categories in section C.
4. 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 A14), to the extent such trade is identifiable from
Customs declarations. The exports are included in tables 1 and 10, line 4 (transfers under U.S. military agency sales
contracts); the imports are included in tables 1 and 10, line 18 (direct defense expenditures).
5. 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; coverage adjustments for special situations in which shipments were
omitted from Census data; deduction of the value of repairs and alterations to foreign-owned equipment shipped to the
United States for repair; and the inclusion of fish exported outside of U.S. customs area.
6. Deduction of foreign charges for repair of U.S. vessels abroad, which are included in tables 1 and 10, line 21
(other transportation); coverage adjustments for special situations in which shipments were omitted from Census data;
and the deduction of the value of repairs and alterations to U.S.-owned equipment shipped abroad for repair.
7. Beginning in 1986, New Zealand and South Africa are included in "Other countries in Asia and Africa," with New
Zealand included as part of "Asia" and South Africa as part of "Africa."
8. 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 International Monetary
Fund, 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, Australia, New Zealand, and South Africa; Members
of OPEC: Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Indonesia, Algeria, Libya,
Nigeria, and Gabon; Other countries: Eastern Europe, Latin America and 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."
9. Includes nuclear fuel materials and fuels.
Tables:
1. Patented techniques, processes, and formulas and other intangible property rights that are used in goods
production.
2. Copyrights, trademarks, franchises, rights to broadcast live events, and other intangible property rights.
3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign, governments and international
organizations in the United States. Payments (imports) include mainly wages of foreign residents temporarily employed
in the United States and Canadian and Mexican commuters in U.S. border areas.
Table 4:
1. Expenditures to release foreign governments from their contractual liabilities to pay for military goods 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 C10; 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 nor 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.
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 line C10 that 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.
8. Lines A16 and A19 exclude offsetting amounts for the receipt and near immediate conversion into dollars of cash
contributions in foreign currencies from two coalition partners for Persian Gulf operations. The amounts were $6,475
million in 1991:1 and $2,147 million in 1991:11.
Table 5:
1. Petroleum includes, and manufacturing and "other" industries exclude, the exploration, development, and
production of crude oil and gas, and the transportation, refining, and marketing of petroleum products, exclusive of petrochemicals. "Other" industries includes wholesale trade; banking; finance (except banking), insurance, and real estate;
services; and other industries—agriculture, forestry, and fishing; mining; construction; transportation, communication, and
public utilities; and retail trade.
2. Acquisition of equity holdings in existing and newly established companies, capital contributions, capitalization of
intercompany debt, and other equity contributions.
3. Sales (total and partial), liquidations, returns of capital contributions, and other dispositions of equity holdings.
TableG:
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 (IDB).
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 A30.
Table?:
1. Deposits include other financial claims for the United Kingdom, Canada, Bahamas, and British West Indies
(Cayman Islands) due to the commingling of these categories in foreign source data.
2. Primarily mortgages, loans, and bills and notes drawn on foreigners.
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.
Tabled:
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
3. Mainly negotiable and readily transferable instruments, excluding U.S. Treasury securities.
4. Mainly International Bank for Reconstruction and Development (IBRD), International Development Association
(IDA), International Finance Corporation (IFC), Asian Development Bank (ADB), Inter-American Development Bank (IDB),
and the Trust Fund of the International Monetary Fund.
5. 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.
6. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
7. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
8. Based, on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries.
9. Includes Eastern Europe and international and regional organizations.
Table 10:
For footnotes 1-13, see table 1.
14. The "European Communities (12)" includes the "European Communities (6)," Un:ted Kingdom, Denmark, Ireland,
Greece, Spain, and Portugal.
15. The "European Communities (6)" includes Belgium, France, Germany (includes the former German Democratic
Republic (East Germany) beginning in the fourth quarter of 1990), Italy, Luxembourg, Netherlands, European Atomic
Energy Community, European Coal and Steel Community, and European Investment Bank.
16. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged in
international shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Also includes
taxes withheld, current-cost adjustments associated with U.S. and foreign direct investment, and small transactions in
business services that are not reported by country.
17. Details not shown separately; see totals in lines 49 and 56.
18. Details not shown separately are included in line 61.
SURVEY OF CURRENT BUSINESS
j6 • September 1992
Table 10.—U.S. International
[Millions
European Communities (12)14
Western Europe
(Credits +; debits-)1
Line
1991
1992
1991
1QQ1
1QQ1
I
1 Exports of goods, services, and income
2
Merchandise, adjusted, excluding military2
3
4
Services3
Transfers under U.S. military agency sales contracts4
5
6
7
8
9
10
11
12
13
14
15
Travel
Passenger fares
Other transportation
...
.
Royalties and license fees5
Other private services 5
U S Government miscellaneous services
Income receipts on U.S. assets abroad
Direct investment receipts
Other private receipts
U S Government receipts .. .
Imports of goods, services, and income
16
Merchandise adjusted excluding military2
17
18
Services 3
Direct defense expenditures
. . .
51,755
56,134
57,214
55,362
191,348
49,914
48,665
30,387
26,267
29,683
31,120
28,348
101,278
26,282
26,384
55,996
3,120
12,109
715
13,473
770
15,619
845
14,794
790
14,053
776
15,131
765
46,466
2,138
9,920
516
11,156
550
13,945
5,841
7,473
2,460
1,026
1,859
3,451
1,391
1,816
4,585
1,977
1,906
3,449
1,447
1,892
3,235
1,178
1,870
4,207
1,444
2,080
11,178
5,230
5,795
1,868
894
1,451
2,723
1,232
1,402
9,995
15,472
150
2,325
3,696
29
2,377
3,647
20
2,329
3,898
80
2,964
4,231
21
2,575
4,383
36
2,622
3,980
34
8,951
13,047
127
2,081
3,087
23
2,134
3,100
15
49,435
24,136
22,239
3,060
15,475
8,511
6,093
872
12,435
6,068
5,668
698
9,868
3,872
5,217
780
11,657
5,685
5,261
710
12,041
6,429
4,869
743
11,883
6,253
4,978
652
43,604
20,017
20,761
2,826
13,712
7,232
5,680
801
11,125
5,214
5,254
658
-208,323
-49,035
-53,796
-53,703
-51,790
-49,586
-56,869
-177,686
-41,551
-46,067
-101,884
-24,900
-25,388
-24,848
-26,748
-25,016
-27,412
-85,700
-20,903
-21,332
-52.642
-11,657
-11,142
-3,546
-14,031
-2,846
-15,169
-2,626
-12,299
-2,639
-11,663
-2,467
-14,896
2386
-45,733
-10,695
-9,789
-3,330
-12,152
-2,604
-1,380
-4,020
-1,610
-2,021
-4,928
-1,886
1 999
-2,507
-1,158
-1,985
-2,569
-1,080
-1,960
-4,993
-1,707
-1,990
-11,549
-4,817
-6,128
-1,311
-3,601
1 405
-1,535
-2,831
-11,003
33
-889
U S Government grants4
U S Government pensions and other transfers
Private remittances and other transfers6
U.S. assets abroad, net (increase/capital outflow (-))
:
34
35
36
37
38
U.S. official reserve assets, net7
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. credits and other long—term assets8
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
Foreign official assets in the United States net
U.S. Government securities9
US Treasury
securities . .
Other10
Other U S Government liabilities 11 .
U S liabilities reported by U.S banks not included elsewhere
Other foreign official assets 12
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
II
56,295
Royalties and license fees 5
Other private services 5
U.S. Government miscellaneous services
Unilateral transfers net
I
II*
58,050
22
23
24
30
31
32
r
30,465
-12,835
-5,499
-7,928
29
IV
116,802
Travel
Passenger fares
Other transportation
Income payments on foreign assets in the United States
Direct investment payments
Other private payments
U.S. Government payments
III
222,233
19
20
21
25
26
27
28
II
-845
-1,922
-731
-1,505
-658
-668
-751
-755
-751
-750
-514
-2,670
-2,681
-3,037
-2,620
-2,831
-2,190
-9,618
-520
-2,615
-2,247
-2,335
-177
-196
-298
-218
-216
-240
-738
-145
-14,377
-53,797
,-1,375
-33,832
-18,590
-12,993
281
-8,845
-4,429
4,844
5,423
-290
4,169
5,239
-972
-232
-470
-224
-13,686
-961
-976
-8,622
-4,794
-7,980
-4,730
-89
-282
-232
-12,743
279
-8,385
-4,637
-12,907
-710
-7,483
-4,714
-200
-187
-318
-284
-346
-235
-159
-14,561
-1,778
-7,996
-4,787
-46,252
-1,984
-29,238
-15,030
-10,859
185
-7,608
-3,436
-12,582
-1,195
-7,488
-3,899
23
6,378
5,755
252
5,314
5,479
-755
-188
-183
-261
-9
-189
1,647
416
404
425
402
394
467
1,819
465
449
-34,754
2,098
8,602
-18,487
-26,967
-7,772
-23,571
-30,584
1,283
4,807
4,660
301
1,529
1,254
1,576
-607
1,904
5,495
538
1,965
4,660
301
1,529
1,254
1,576
- 507
1,904
5,495
538
1,965
122
-56
199
-21
76
45
-71
124
-8
509
225
1
-13
67
127
26
789
-22
468
-45
515
-1
-56
-82
29
-3
278
-1 1 ,467
-2,390
2,362
11,773
2,899
2,151
-5,274
793
5,229
-8,689
-5,599
653
1,116
-39
612
-13
-8
-82
80
-6
-40,067
-16,566
-32,821
2,817
6,503
1,334
-12,448
-2,974
2,353
14,403
7,080
2,481
-3,302
929
6,972
-19,863
-1,718
-12,086
-1,825
-4,234
-28,619
-4,882
-14,459
1,360
-10,638
-7, 52
-7, 958
-7, 362
2, 920
5, 248
-25,520
-7,255
-4,859
-13,406
-36,588
-14,123
-32,779
2,920
7,394
-424
463
-136
-149
n.a.
-258
18,570
-9,185
-5,891
5,411
28,235
13, 708
37,435
21,072
1,249
-1,626
-2,908
869
4,915
9, 755
13,039
R
(1741)
R
R
(i?)
( )
17
( )
17
( )
l7
( )
B 1 3
,18)
(18)
(18)
(18)
( )
17,321
8,188
-7,558
1,381
-2,982
3,773
(17,
124
7
C)
(17)
(17)
17
17
( )
12,920
774
-651
17
( )
-515
17
( )
(17)
38
O7)
17
(17)
8,606
-1,008
-89
110
R
( )
17
(")
68
17
)
17
)
(18)
(18)
4,542
-1,125
23,320
4,159
3, 953
-4, 002
24,396
5,268
(")
4,082
-190
17
( )
2,856
970
17
17
( )
684
-98
2,
%
( )
( )
( )
996
(")
17
17
17
( )
17
( )
n.a.
(")
n
(18)
(18)
(18)
(18)
(1SJ
n
6
-98
(18)
(18)
(18)
(18)
(18)
(18)
8,418
398
2,590
12,815
678
1,363
6,872
-250
-719
(18)
18
-950
(1S)
(18)
18
-10,102
18
( )
18
-14,348
62
Allocations of special drawing rights
63
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items
with sign reversed)
-2,570
-7,351
-4,920
15,113
-5,412
-13,377
-12,380
-10,527
-6,713
-2,059
64
65
66
67
68
69
Memoranda:
Balance on merchandise trade (lines 2 and 16) .
Balance on services (lines 3 and 17)
Balance on investment income (lines 11 and 25)
Balance on goods services and income (lines 1 and 15 or lines 64 65 and 66) 13
Unilateral transfers, net (line 29) ..
Balance on current account (lines 1, 15, and 29 or lines 67 and 68) 13
14,918
3,354
-4,363
13,910
4,844
18,754
5,565
967
2,483
9,015
5.423
14,438
4,999
1,419
450
-3,817
-1,948
-89
-2,037
2,935
2,495
-1,086
4,344
6,104
2,390
-1,942
2,499
936
235
-2,678
1 507
23
-1,484
15,578
733
-2,649
13,662
6,378
20,040
5,379
131
2,853
8,363
5,755
14,118
-1,457
2,598
252
2,850
See footnotes on page 75.
-558
-290
2,209
-866
7,628
-200
-187
4,144
7,441
5,052
-997
SURVEY OF CURRENT BUSINESS
September 1992 •
77
Transactions, by Area
of dollars]
European Communities (12)u
1991
European Communities (6)15
United Kingdom
1992
1991
1992
IV
lr
II*
44,820
47,949
50,194
48,186
22,896
25,716
27,501
24,899
13,149
12,242
11,671
526
547
3,860
1,817
1,492
iyyi
1QQ1
1
II
III
IV
I'
II*
54,674
14,716
13,965
13,191
12,803
14,671
13,933
115,410
29,801
21,515
5,591
5,638
4,785
5,501
5,936
5,614
68,497
17,718
12,592
14,903
3,079
4,282
3,824
3,748
3,937
25,222
5,427
540
549
636
147
3,717
201
144
143
168
144
1,036
2,727
2,566
3,393
1,288
1,450
1,055
1,446
1,288
1,610
4,160
2,048
1,131
716
374
279
1,055
479
272
1,365
694
295
1,024
502
286
1,003
407
270
1,278
483
282
2,090
3,290
2,646
3,570
2,332
3,705
2,362
3,362
1,954
4,879
74
16
26
29
95
433
1,117
12
485
1,219
6
451
1,266
67
584
1,277
9
512
1,374
13
8,775
11,022
5,805
4,530
10,695
18,257
3,865
14,346
211
602
46
1
4,124
628
3,495
1
3,477
687
6,046
1,894
4,150
2
4,609
705
9,991
4,405
4,924
663
-46,042
-44,026
-42,318
-48,907
-63,131
-14,537
-16,715
-16,377
-21,055
-22,410
-21,137
-23,174
-18,258
-4,410
-4,675
-13,126
-2,371
-10,666
-2,390
-10,171
-2,357
-13,007
-2,190
-13,852
-1,273
-2,871
-3,618
-414
-4,329
-1,660
-1,561
-2,308
-1,021
-1,527
-2,305
-4,494
-1,491
-1,561
-3,599
-1,775
-1,618
-529
-271
-368
-505
-421
-253
-247
-292
-256
-274
-289
-1,018
-1,079
-1,095
-1,189
-1,061
-17
-16
-18
-14
-1,179
-32
-7,563
-7,330
3,167
4,903
5,441
4,652
-948
-1,535
-586
-571
-577
-590
-2,360
-2,675
-2,273
-2,482
-1,048
-4,380
-259
-175
-175
-199
-159
-11,861
-1,143
-6,845
-3,873
-10,950
-11,010
169
-7,297
-3,822
-613
-6,473
-3,924
212
159
175
-67
-89
-77
Line
1992
1991
iyy i
1QQ1
III
I
II
III
IV
I'
II*
29,492
26,320
29,797
29,792
28,685
1
17,963
15,465
17,351
18,388
16,450
2
5,917
265
7,106
268
6,772
245
6,310
241
6,987
259
305
3
4
5,797
2,799
3,346
953
459
853
1,379
656
799
2,058
981
846
1,407
703
848
1,284
567
859
1,794
708
949
5
6
7
505
1,235
11
5,886
6,332
1,431
1,466
7
1,366
1,443
8
1,355
1,593
5
1,734
1,830
6
1,522
1,827
9
1558
26
1,663
10
8
9
10
4,987
4,383
5,673
3,525
5,094
5,248
42
4,594
1,363
700
5,612
3,365
1,607
639
3,749
2,932
21,691
13,364
5,774
2,553
6,657
1,788
3,198
1
3,311
1,191
592
3,118
1,544
586
11
12
13
14
-15,502
-15,046
-17,152
-98,034
-23,243
-25,079
-25,149
-24,564
-23,464
-27,328
15
-4,539
-4,634
-4,558
-4,896
-59,842
-14,658
-14,712
-14,638
-15,834
-14,742
-16,319
16
-4,058
-3,304
-3,158
-3,939
-303
-287
-270
-240
-240
-26,594
-8,583
-5,877
-2,572
-7,114
-2,107
-7,354
-1,910
-6,249
-1,994
-5,988
-2,005
-7,560
-1,840
17
18
-1,048
-1,257
-765
-1,293
-660
-327
-854
-2,350
-1,198
-1,228
-2,564
^06
-6,261
-2,166
-3,284
-2,053
-593
-428
-799
-381
-389
-646
-801
-741
-808
-400
-841
-685
-877
19
20
21
-1,117
-4,697
-261
-260
-287
-309
-296
-292
-1,100
-1,124
-1,130
-1,343
-1,082
-1,168
-487
-103
-123
-127
-134
-136
-134
-3,253
-3,157
-2,480
-2,735
-3,450
1,132
3,476
3,225
-401
-108
1,449
1
-533
-373
-12,726
-1,715
-6,995
-4,016
-31,021
-3,355
-21,959
-5,707
-7,256
-8,422
-1,322
-5,670
-1,430
-7,780
-1,179
-5,146,
-1,455
-593
-869
-5,607
-1,388
-5,536
-1,434
-4,905
-1,556
-8,317
-1,303
-5,365
-1,649
180
776
191
205
217
163
195
202
-261
0
1,879
1,260
610
1,544
604
^52
-821
-1 1 ,598
1,138
-2,708
393
83
-20
682
228
-6,643
-6,093
-1,827
-1,274
-1,658
-1,678
-1,535
-1,602
-1,623
-1,539
-1,440
-1,523
-1,505
-1,533
185
6,107
5,669
129
144
166
149
5502
5500
-107
0
2
-427
0
0
-111
-412
22
23
24
25
26
27
28
29
468
437
447
503
894
-29
221
-30
234
-29
247
-30
193
-31
226
-30
232
1,032
275
236
251
271
260
295
30
31
32
-16,248
-20,427
-6,481
-16,102
-9,473
8,716
7,011
-13,085
-12,115
-1,174
-10,816
-18,785
-6,215
-1,580
-3,084
-7,907
-3,222
-2,484
33
1,372
1,620
511
3,098
-5
-2
-1
-1
-1
-1
-1
5,500
539
1,966
1,374
1,621
512
3,099
1,372
1,620
511
3,098
-5
-2
-1
-1
-1
-1
-1
5,500
539
1,966
1,374
1,621
512
3,099
34
35
36
37
38
29
-51
96
-16
68
-79
149
-2
13
-98
90
20
-25
-70
50
-5
126
14
4
i
109
_4
8
-16
_7
-4
-2
-4
29
-12
4
-1
-4
8
22
-38
Q
14
113
-4
6
-9
6
-8
1
-5
29
1
-13
-17,650
-1,346
-11,641
-1,874
-2,789
-22,115
-3,461
-13,474
-7,005
-7,851
-5,844
-19,174
-6,607
-3,434
8,704
-7,152
-1,114
7,009
4,536
-2,326
-13,082
-12,223
-1,169
-4,596
-4,434
-10,823
-2,131
-4,456
-2,145
-2,411
1,639
2,931
3,759
2,361
1,165
-3,542
-1,106
-2,620
-9,524
-3,895
-1,887
-3,763
-2,598
-1,365
-207
-202
-6,819
-9,133
-9,593
-1,723
-23,555
3,707
11,978
14,609
7,158
28,201
7,748
29,610
8,502
-4,945
-189
-189
-196
PI a
1 8
(18)
(18)
n.a.
R
(
i?
(18)
(18)
-118
113
12
i?
iff
R
-81
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
5,251
-4,919
4,181
4,210
2,648
2,054
2,526
1,424
3,062
18
223
20,438
(18)
(18)
18
2,146
910
9,581
4,122
18
n.a.
21 ,388
18
9,123
986
-5,864
18
760
-52
-8,296
248
2,081
3,162
3,634
-3,338
4,699
-5,284
-4,617
-1,202
-24
-1,562
-1,038
3,011
11,473
11,692
13,233
-14
-9,365
(18)
(18)
;:j
(18)
(18)
R
ij8
8)
!)
C(18)8 )
45
(18)
(18)
(18)
-717
4,660
-288
-4,705
(18)
(18)
161
2,118
(18)
(18)
18
-6,747
-3,959
-11,214
1,508
-1,259
-182
8,396
Irj
J8)
-27
-64
R
R
-76
(18)
(18)
(18)
(18)
(18)
320
3,379
-2, 359
3,213
773
n.a.
10,027
18
-506
-6,110
18
228
_ 237
-6,933
-398
-9,571
316
n.a.
-2,534
433
13,713
-6,169
10,253
R
R
(«)
(18)
(18)
(18)
(18)
186
(8
(8
-24
(18)
(18
435
18
732
473
9,959
-183
(18)
(18)
(18)
(18)
-4,179
3,320
(18)
(18)
(18
253
-344
18
n
(18)
(18)
2,364
161
(18)
2,038
18
-5,571
-3,353
402
(18)
(18)
(18)
(18)
3,251
2, 385
18
18)
-110
-3,535
-73
(18)
(18)
18)
(18)
(18)
2,008
9,628
(18)
(18)
18)
216
-116
-4,794
18)
(18)
18
(18)
(18)
(18)
(18)
596
-107
-107
-412
18
I(18)
)
-705
1,147
18
-427
n.a.
n
(18)
2,556
18
-3,408
-107
-16
-24,269
-11,105
-8,120
646
1
(18)
(18)
0
-8,901
-1,900
-2,927
(8
(18)
(18)
( 8)
( 8)
(18)
(18)
0
R
R
179
(18)
18
-128
-195
1,048
123
-174
18
-1,915
18
n.a.
6,068
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
10,101
-11,857
-9,318
1,841
23
3,306
6,364
1,576
1,500
12
7,876
175
8,051
-3,087
-1,222
-958
3,924
212
159
-1,011
4,083
-12,967
1,725
-415
-2,032
-721
180
-541
8,651
3,257
1,050
-12,764
-6,456
776
-7,680
^,141
-3,428
13,042
3,179
-10,338
600
-4,684
8,655
-1,372
10,093
17,376
1,181
208
963
99
246
224
867
520
1,378
590
718
-2
-1,210
-3,812
-2,750
-3,656
-3,186
-4,086
-2,699
-2,343
-3,935
-375
-3,219
202
-3,017
179
191
370
205
217
163
-2,546
-2,969
-2,536
195
-180
6,107
23,483
3,353
1,833
3,060
3,251
3,949
-1,197
2,359
—i450
6, 559
5,669
12,227
4,413
129
4,541
1,337
-11,206
2,915
827
1,517
523
3,193
5,233
166
5,399
2,360
6,327
-248
592
1,171
144
1,315
3,646
322
149
6,476
-9,311
63
131
64
65
66
67
68
69
-572
1,798
1,357
185
1,542
SURVEY OF CURRENT BUSINESS
September 1992
Table 10.—U.S. International
[Millions
Eastern Europe
(Credits +; debits -) J
Line
Canada
1991
1
Exports of goods, services, and income
1991
1992
1QQ1
1991
1
II
\r
IV
III
I
\\P
II
6,769
2,235
1,243
1,442
1,849
1,651
1,598
113,517
27,266
30,007
2
Merchandise, adjusted, excluding military2
4,838
1,384
941
1,004
1,509
1,279
1,235
85,006
20,205
22,618
3
4
Services3
Transfers under U.S. military agency sales contracts4
1,101
1
231
(*)
250
322
298
301
1
310
1
17,982
129
4,392
27
4,524
36
387
105
309
67
19
70
101
26
56
113
26
109
106
34
74
76
20
110
91
20
117
8,499
1,040
1,094
2,097
299
243
2,225
260
259
18
260
21
5
67
3
5
58
5
4
65
4
4
70
9
5
84
4
5
67
10
1,215
5,955
50
265
1,448
12
288
1,446
10
830
-7
186
651
620
52
2
50
116
5
51
61
42
-14
55
72
-7
62
16
53
-6
59
10,529
3,075
7,433
21
2,669
776
1,882
11
2,866
997
1,868
5
6
7
8
9
10
11
12
13
14
15
Travel
Passenger fares
Other transportation
Royalties and license fees 5
Other private services 5
U.S. Government miscellaneous services
.
,
Imports of goods, services, and income
Merchandise, adjusted, excluding military2
17
18
Services3
Direct defense expenditures
19
20
21
Travel
Passenger fares
Other transportation
22
23
24
Royalties and license fees5
Other private services5
U.S Government miscellaneous services
29
.
Income receipts on U.S. assets abroad
Direct investment receipts
Other private receipts
U.S Government receipts
16
25
26
27
28
.
-773
-683
-701
-763
-103,504
-24,215
-26,818
-1,799
-496
-404
-444
-455
-481
-420
-93,008
-21,862
-24,312
-829
-134
-252
-273
-171
-171
-291
-8,339
-246
-1,557
-67
-2,085
-66
-972
33
U.S. assets abroad, net (increase/capital outflow (-))
-1
-32
-14
-50
-84
-237
-3
-137
-22
-216
1
-79
.
$
-274
-1,967
-494
49
50
51
52
53
54
55
Foreign official assets in the United States, net
U S Government securities
. . .
.
.
U.S. Treasury securities9
Other10
Other U S Government liabilitiesn
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
(18)
(18)
(18)
(18)
129
-1
-17
-7
-72
-398
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
(18)
24
(18)
3
18
-28
1,220
Allocations of soecial drawino riohts
63
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items
with sign reversed)
-2,924
-1,867
Memoranda:
Balance on merchandise trade (lines 2 and 16)
Balance on services (lines 3 and 17)
.
Balance on investment income (lines 11 and 25)
Balance on goods services and income (lines 1 and 15 or lines 64 65 and 66) 13
Unilateral transfers net (line 29)
Balance on current account (lines 1 15 and 29 or lines 67 and 68) 13
3,039
273
614
3,925
-2,454
1,472
888
98
567
1,553
-207
1,345
-502
-629
1,558
-2,145
3,697
7
-1
-2
-15
-18
i
3
-31
(18)
(18)
(18)
S
<i
18
16
235
-315
537
—2
2
538
-203
335
-32
-7
-1,005
R
(18)
-37
-7
1,331
254
(18)
-222
-235
-24
-7
-182
-209
R
R
R
-216
-i?
-35
-191
5
201
(18)
62
See footnotes on page 75.
-33
-38
-140
-185
-227
-242
15
(18)
2,053
-32
-35
5
-2
1,207
(18)
(18)
....
-1,637
-7
-685
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
64
65
66
67
68
69
-18
-7
-633
43
44
45
46
47
18
-1,827
-203
-183
2,085
-2,157
1,841
-2,806
-1,192
-fl
-36
n
-178
-1,668
-52
-19
-31
-191
-319
Foreign assets in the United States, net (increase/capital inflow (+))
-50
1
-20
-30
-58
1,334
-2,502
3,831
5
48
-773
-56
-182
-22
-93
-3,035
-50
-728
-116
-1
-34
-9
-53
-18
-7
-161
-1
-34
-5
-1
-36
-8
U S. Government assets other than official reserve assets net
U S credits and other long—term assets
Repayments on US. credits and other long-term assets8
U S foreign currency holdings and U S short—term assets net
.
-184
-1
-36
-5
39
40
41
42
.
-436
-249
-837
-1
-34
-6
U.S. official reserve assets, net7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
.
-3,705
-1
-32
-4
-134
-125
-1
-27
-80
-45
-10
-75
34
35
36
37
38
.
-1
-50
-16
-60
-207
-1,697
-28
-1
-28
-69
-33
-2,454
-1
-2
-26
-59
-S
-138
.
n
-706
-341
.
n
590
n
-683
-5
Unilateral transfers, net
U S Government grants4
U.S. Government pensions and other transfers . . .
Private remittances and other transfers6
8
n
-2,844
Income payments on foreign assets in the United States
Direct investment payments
Other private payments
U S Government payments
30
31
32
n
-1,004
-80
-15
-49
-487
-860
-478
-578
-210
-8
n.a.
-360
-97
27
-6,683
-3,886
-5,473
46
23
1
50
-4
24
-6,729
-1,276
-7,399
1,863
83
-3,909
-1,214
-1,203
189
-1,681
-5,474
3,494
3,461
=i
3
R
R
R
R
PI
(8)
(8)
A
R
R
18)
(18)
(18)
-2
11
(18)
430
535
560
49
61
670
-1 827
1 158
83
168
-207
1,054
127
-16
1,165
-216
949
18
45
174
-434
798
130
22
950
-235
715
n.a.
18
850
-834
815
19
1
835
-222
614
-301
-97
9
2,836
18
614
-734
70
-1,336
n
167
-666
-297
-35
-421
-389
849
4
-796
-24
-718
-70
222
(18)
-39
-88
262
n
(8)
-16
-66
-204
-318
362
1
-68
18
-24
3
12
-51
-51
-175
-43
n
1
-201
n
-793
-4,230
988
-1,439
761
17
(
)
R
R
R
R
R
4,172
-1,324
3,695
-62
2,701
R
25
5,S
107
ij3
-2
-426
n
n
-47
1,860
-25
-5,848
-2,571
-1,108
-8,002
9,643
8,372
10,013
-1,657
2,835
1,873
3,051
-88
2,963
-1,694
2,439
2,444
3,189
-70
3,119
-318
9,695
n
n
SURVEY OF CURRENT BUSINESS
September 1992 • 79
Transactions, by Area—Continued
of dollars]
Canada
United Kingdom
1991
1992
Japan
1991
1992
iyyi
Line
1992
1991
1QQ1
II
III
IV
\r
II'
26,747
29,538
31,304
31,173
30,790
32,035
83,965
13,392
15,940
16,514
17,387
17,702
19,236
47,213
24,806
313
5,464
72
5,893
62
6,668
77
6,781
102
6,399
70
6,398
77
2,160
276
296
11,668
2,258
3,734
2,345
489
808
2,810
555
873
3,295
669
883
3,217
546
1,170
2,737
574
1,107
290
1,666
8
299
1,599
18
622
6,083
128
136
1,590
26
157
1,401
34
155
1,551
38
174
1,542
31
2,388
512
1,876
0
2,325
737
1,580
9
2,344
664
1,680
n
30,723
9,977
19,961
784
7,891
1,857
5,666
367
7,705
2,616
5,009
81
8,121
2,915
4,945
262
7,006
2,590
4,341
75
-25,821
-26,650
-26,366
-29,368
-110,309
-27,301
-27,528
-27,818
-22,532
-24,302
-24,042
-26,297
-62,971
-14,980
-15,851
-15,844
-2,902
-54
-1,795
-60
-1,498
-35
-2,192
-40
-20,800
-5,067
-96
-5,011
-87
-959
-10,955
-2,157
-2,206
-2,632
-531
-523
-51
-4,775
II
III
IV
\r
II'
20,962
20,757
21,012
21,234
21,413
19,795
1
12,077
11,881
11,313
11,942
12,199
11,232
2
24,685
431
5,469
122
5,879
100
6,981
98
6,355
112
7,041
112
6,701
91
3
4
3,065
598
933
8,561
4,070
3,105
1,616
820
779
2,006
940
797
2,718
1,244
807
2,222
1,066
722
2,470
1.268
714
2,428
1,142
817
5
6
7
177
1,698
36
173
1,514
37
3,352
5,151
14
760
1,371
1
814
1,218
5
857
1,255
3
921
1,307
5
861
1,612
4
888
1,321
15
8
9
10
6,689
2,736
3,840
113
6,401
2,888
3,367
147
12,067
2,363
8,356
1,348
3,416
642
2,455
319
2,997
484
2,110
403
2,718
475
1,965
278
2,937
761
1,826
349
2.173
446
1.532
195
1,862
377
1,232
253
11
12
13
14
-27,662
-26,638
-28,043
-115,863
-28,771
-26,644
-29,219
-31,229
-27,927
-28,856
15
-16,296
-15,949
-17,441
-91,502
-22,687
-20,885
-23,241
-24,689
-23,169
-22,492
16
-5,136
-89
-5,585
-82
-5,686
-5,512
-93
-12,703
-1,441
-3,066
-3,029
-3,340
-3,269
-3.334
-3,248
-109
-388
-344
-373
-336
-357
-340
17
18
-2,625
-2,736
-2,963
-3,115
-2,930
-2,304
-514
-537
-567
-489
-545
-656
-679
-514
-602
-556
-555
-458
-112
-560
-140
-666
-141
-678
-155
-1,132
-1,090
_ 155
-1,322
-632
-148
-4,738
-1,194
-1,220
-1,107
-10
-1 ,209
-67
-14
-1,159
-76
-9
-1,160
-87
-17
-1,247
-74
-7
-1,175
-88
-7
-1,242
-84
-750
-2,864
-51
-196
-771
-200
-679
-171
-651
-182
-763
-192
-746
-184
-757
-26,538
155
-22,437
-4,256
-7,253
92
-6,380
-6,666
-66
-5,592
-6,838
-5,003
243
-4,283
-965
-988
-5,781
260
-4,954
-1,087
-5,090
-5,511
-1,216
-10,125
-2,030
-2,119
-3,842
-2,134
-3,630
-554
-118
-2216
-1,446
-15,935
III
IV
I'
\\P
27,781
28,462
29,309
30,871
118,762
20,506
21,677
22,068
23,854
63,233
4,669
38
4,397
28
4,915
32
4,673
27
2,251
233
287
1,926
247
306
2,281
342
296
307
1,535
19
355
1,527
9
2,606
789
1,807
10
-1 ,724
-92
-573
-219
-229
-22
-734
-58
-387
617
-684
-320
-84
-447
-44
-48
-169
-31
-811
-19
-764
-20
-43
-552
-827
444
-722
-274
-29
-568
-230
-77
-91
I
-74
-173
-353
-19
-849
-77
-879
17
-644
-252
-79
-303
-97
14
-97
20
-99
8
-101
-613
-421
-135
23
-5,883
-1,474
927
1,749
-83
-3,503
-17,848
-784
22
25
-3
-1
27
-1
19
8
7
7
-110
-637
-250
-3,510
330
811
1,181
-204
n.a.
-219
67
-4,186
-850
392
-2,287
-432
905
-791
-1,052
356
2,392
(17)
(1?)
(17)
13
17)
!
17)
-326
-867
(17)
425
63
(17)
1,749
1,522
-914
(17)
r)
11
(17)
n
12
6
(17)
(1?)
-1,898
31
(17)
(17)
(17)
39
660
82
1,403
116
737
143
564
-418
(17)
(17)
n.a.
(17)
18
2,123
567
-42
-79
-30
29
-134
-1,492
-1,471
-1,540
-1,502
-168
6,218
-10
-55
2,147
-10
-14
624
-10
-47
21
-10
-53
3
-11
-72
-10
-20
30
31
32
-3,079
1,951
-11,250
10,321
895
3,335
726
-15,360
-72
164
-261
3
388
51
346
4
-11,414
^,628
-372
10,264
-2,307
-2,400
2,732
-345
-389
-272
-1
-4
-1
-1
-2
39
40
41
42
-2
-1
8,880
-461
-207
-668
-5,448
-80
7,002
-401
-108
-834
-153
n.a.
-15,524
140
-62
22,380
9,867
-3,890
-3,201
-10,565
-5,466
-681
13,512
-14,495
-2,181
48
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(.8)
21
12
(18)
(18)
(18)
(18)
20
469
-91
-31
49
50
51
52
53
54
55
(18)
(18)
(18)
(18)
(18)
(18)
(18)
-2,730
2,362
1,074
-1,186
87
121
-3,742
(18)
(18)
(18)
(18)
18
3,513
17
2,731
-102
(18)
(18)
(18)
(18)
,8)
18)
(18)
(18)
18)
(18)
(18)
(18)
18)
5,183
409
1,617
1,680
1,743
'n.a.
-6,442
18
6,801
438
-16,092
(18)
-428
18
-67
-10,389
(18)
(18)
18
2,871
-66
-9,857
18
3,241
281
-6,578'
-104
-105
(18)
(18)
(18)
(18)
1477
43
765
(18)
(18)
18)
(18)
(18)
n
I?
595
790
(18)
18
-242
-11,073
n.a.
-610
(18)
18
-397
6
21,997
-4
1,321
72
10,191
-343
1
-1
20
18
1,647
34
35
36
37
38
-15,014
1,019
41
-150
-272
-4
77
1,235
-389
-2,001
-1,423
-2,921
.-41
2,384
(18)
(18)
(18)
(18)
18,744
-345
-1
(18)
(18)
(18)
(18)
18
2,732
3,733
544
-2,303
22
5,470
(18)
(18)
(18)
(18)
1,796
196
-5,951
33
-397
6
(18)
(18)
(.8)
(18)
18
8,606
-343
1,232
(18)
(18)
(18)
(18)
4,439
239
19,242
21,606
1,647
1
5,663
(18)
25
26
27
28
-12,050
-4,699
(18)
-257
-1,486
-1,373
-293
-275
199
-10
-114
(18)
(18)
-10,403
57
12,653
(18)
-3,116
6,153
22,211
(18)
-1,424
1,405
-1,416
-1,413
9,009
-6,648
(18)
-3,271
-93
-1,691
-1,487
8,800
23,517
-480
(17)
-2,638
390
-1,543
-1,485
-676
-176
14,971
(18)
(1.)
(1?)
-2,730
601
-1,861
-1,470
22
23
24
-2,354
876
-7,290
-156
-27
-674
-128
5,978
3,238
747
-12
-439
-224
-4,518
-689
-14
-963
-715
2217
218
-5
-14
-2,341
2,023
-4,944
1,103
2,292
(1?
495
26
-15
-3,018
586
-1,981
-1,623
1,505
-230
-616
-9
19
20
21
-11,657
1,484
-7,076
-6,065
-137
-4,584
-4,465
733
1,167
-2,019
2,952
-802
-2,489
-17
-96
-654
-3,896
-1,057
-111
-15,918
37
-1,924
438
-14,469
-19,168
-6,134
659
1,335
-15,028
(17
(17)
1,321
-1,822
3,129
14
I
1 117
'290
10,732
(18)
(18)
(18)
18
10
18
-3,518
161
-10,31 8
(18)
1,038
18
n.a.
-3,993
43
44
45
46
47
56
57
58
59
60
61
62
-2,871
702
-1,918
-874
-3,997
10,017
-6,166
-9,218
1,370
3,777
-8,069
36,701
11,326
5,895
7,594
11,886
-2,026
1,767
2,220
1,960
-84
1,877
-2,625
2,602
1,836
1,813
-77
1,736
-1,974
3,418
1,499
2,942
-91
2,851
-2,443
2,482
1,465
1,503
-79
1,425
262
4,006
4,185
8,453
-10,125
-1,673
-1,588
397
637
89
882
1,039
2,010
-2,119
670
1,532
1,284
3,486
-3,842
-357
1,753
713
1,686
4,151
-2,341
1,810
1,795
885
1,312
3,992
-2,354
1,638
-44,289
11,982
410
-31,897
8,800
-23,097
-10,610
2,404
397
-7,809
6,153
-1,656
-9,004
2,850
267
-5,887
2,123
-3,764
-11,928
3,642
80
-8, 207
567
-7,639
-12,747
3,086
-109
1,091
1,196
1,225
3,511
-2,134
1,377
-554
-2,030
-2,584
-334
-9,995
-42
-10,038
-518
-10,970
3,707
749
-6,515
-79
-6,594
2,665
63
-11,260
3,453
-1,254
-9,061
-30
-9,091
64
65
66
67
68
69
SURVEY OF CURRENT BUSINESS
8o • September 1992
Table 10.—U.S. International
[Millions
Australia
Line
(Credits +; debits -) >
1992
19 91
1QQ1
1 Exports of goods, services, and income
I
II
III
IV
I"
\\P
13,394
3,115
3,044
3,504
3,731
3,069
3,684
2
Merchandise adjusted excluding military2
8255
1 852
1 884
2209
2310
1 812
2204
3
4
Services3
Transfers under U S military agency sales contracts4
3445
209
727
53
892
61
933
54
893
42
804
53
902 i
22
1,053
763
372
212
147
83
278
211
94
299
208
102
264
197
94
246
147
90
289
219
94
394
651
3
82
150
(*)
88
160
(*)
107
164
(*)
116
177
3
98
169
1
108
168
2
1 694
910
781
3
536
324
212
1
268
67
201
362
176
184
2
528
343
184
1
453
318
134
(1
578
431
146
1
-6,933
-1,567
-1,696
-1,944
-1,725
-1,620
-1,573
-3970
-945
-1 070
-1 058
-397
-926
-957
-2550
-34
-615
-592
-666
-677
-634
-586
-873
-317
-855
-195
5
6
7
8
9
10
Travel
Passenger fares
Other transportation
'.
Royalties and license fees 5
Other private services5
U S Government miscellaneous services
11
12
13
14
Income receipts on U S assets abroad
Direct investment receipts
Other private receipts
U S Government receipts
15
Imports of goods, services, and income
16
Merchandise adjusted excluding military2
17
18
Services3
Direct defense expenditures
Travel
Passenger fares
Other transportation
22
23
24
Royalties and license fees 5
Other private services5
U S Government miscellaneous services
29
.
.
.
.
19
20
21
25
26
27
28
.
..
.
.
.
.
.
.
.
-412
329
-197
-545
U.S. Government grants4
U S Government pensions and other transfers
Private remittances and other transfers6 .
...
33
U.S. assets abroad, net (increase/capital outflow (-))
34
35
36
37
38
U.S. official reserve assets, net7
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 credits and other long—term assets8
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
.
.
.
.
.
.
.
.
Foreign assets in the United States, net (increase/capital inflow (+))
49
50
51
52
53
54
55
Foreign official assets in the United States net
U.S. Government securities
U S. Treasury
securities9 .
.
. . . . . . . . . .
Other10
Other U.S. Government liabilities11
U S liabilities reported by U S banks not included elsewhere
Other foreign official assets 12
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
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items with sign reversed)
64
65
66
67
68
69
Memoranda:
Balance on merchandise trade (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on investment income (lines 1 1 and 25)
Balance on goods services and income (lines 1 and 15 or lines 64 65 and 66) 13
Unilateral transfers net (line 29)
Balance on current account (lines 1, 15 and 29 or lines 67 and 68) 13
-152
-220
32
-52
-42
-49
-136
-131
-128
-8
-78
-17
-12
-81
-9
-60
71
-30
-30
97
-51
-76
-100
-23
-46
-6
-11
_6
-9
_6
-11
-6
-16
-6
-21
_6
-12
129
24
7
26
-2
5
2
253
-86
430
1,109
-818
(18)
(18)
18
18
-485
101
-405
3
12
2
4
8
8
-6
1
3
8
3
13
_1
-11
444
-41
660
-5
-510
-475
-128
-533
456
-507
122
-431
-246
6
-259
-487
-551
641
-43
-534
-170
97
-248
-385
14
716
-413
-408
177
n.a
-182
284
187
1,456
-2,434
69
(18)
(18)
( 8
(18)
(18)
18
18
18
18
8
18
18
,8
18
8
18
18
18
,8
(8
,8
20
-26
-13
(18)
i
(18)
,8
,8
,8
18
H
(18)
(18)
(18)
^49
501
128
-393
1 110
(18)
-136
228
-80
303
-57
-242
266
-207
21
78
18
804
.
-10
-18
(18)
(18)
.
-34
152
-51
-100
-27
186
.
_7
188
-45
-21
-11
-91
-9
-21
(18)
63
...
-19
-83
-11
-67
-188
-17
H
Allocations o f special drawing rights
-11
-84
-22
-80
-207
-217
-8
-222
-14
(18)
62
-89
-84
-216
-228
-16
-1 078
1 308
..
-61
-16
-69
-407
...
-233
-246
-211
-150
-7
-10
-199
-83
-52
Unilateral transfers, net
-8
-211
-62
Income payments on foreign assets in the United States
Direct investment payments
Other private payments
U S Government payments
See footnotes on page 75.
-9
-358
30
31
32
48
.
(18)
(18)
-268
18
215
-689
1
18
-352
54
18
-192
(18)
(18)
8
18
18
(18)
(18)
(18)
(18)
18
18
-12
8
(
(18)
41
(18)
2 037
is-3714
na
18
423
-137
.
-7,094
4285
895
1 282
6461
-69
6,392
-843
907
111
529
1 548
-16
1531
-1,111
-2,186
-2,955
911
-1,757
814
301
234
1 348
-14
1,334
1 151
267
142
1 560
-17
1,543
1 413
216
377
2006
-21
1,984
886
170
393
1 449
-27
1,422
1 247
316
548
2 111
-18
2,093
SURVEY OF CURRENT BUSINESS
September 1992 •
8l
Transactions, by Area—Continued
of dollars]
International organizations and unallocated 16
Other countries in Asia and Africa
1991
1992
1991
II
135,457
33,345
33,405
34,199
34,508
34,400
35,812
10,818
2,714
90,225
22,015
22,659
22,194
23,357
22,672
24,499
390
199
31,053
6,487
7,463
1,580
7,331
1,489
8,349
1,443
7,909
1,976
8,598
1,951
7,974
1,815
4,569
1,229
4,644
1,550
6,159
811
264
1,374
1,248
396
1,514
1,581
560
1,690
1,004
330
1,582
1,053
303
1,545
1,399
445
1,558
1,378
1,276
10,610
326
302
3,005
128
310
2,305
71
308
2,699
67
356
2,602
60
334
3,358
54
347
2,337
73
14,179
8,200
4,517
1,463
3,867
2,253
1,218
396
3,415
1,892
1,184
339
3,656
2,141
1,063
452
3,241
1,914
1,052
275
3,130
1,948
861
320
-165,528
-38,097
-39,295
-44,167
-43,968
-134,264
-30,050
-31,517
-36,362
-36,335
-18,235
-2,480
-4,396
-1,027
-4,621
-4,756
-592
-398
-5,945
-1,775
-4,958
-1,056
-1,649
^08
-1,224
-1,769
-416
-1,119
I
\\P
1,055
1,067
1,265
403
402
330
243
231
318
5
6
7
928
2,262
1
219
607
0
223
562
222
547
n
265
547
1
239
597
n
245
609
93
8
9
10
3,338
2,202
850
287
5,858
567
4,517
774
1,286
5
1,057
225
1,465
105
1,169
191
1,375
85
1,107
182
1,733
372
1,184
176
1,604
241
1,191
172
1,683
239
1,268
176
11
12
13
14
-40,565
-44,547
-3,321
-915
-809
-805
-793
-782
-773
-33,050
-36,378
-4,462
-4,514
-5,029
-463
-634
-572
-1,471
-1,450
-1,940
-485
-401
-450
-1,239
-1,281
-5
-4
-2,243
-648
-589
-556
-451
-541
-561
-1,539
-462
-417
-381
-279
-336
-345
-168
-535
-146
-7
-6
-648
-137
-623
-157
-13,029
472
-5,522
-7,979
-3,652
159
-1,497
-2,314
-3,157
207
-1,405
-1,959
-3,049
157
-1,343
-1,863
-3,171
-51
-1,278
-1,843
-3,001
182
-1,146
-2,037
-3,140
135
-1,180
-2,095
-1,079
769
-1,626
13,277
6,261
6,454
717
-155
-2,502
-2,783
-5,927
17,445
7,229
1,723
-69
1,026
-1,870
-93
-3,518
7,468
-93
-1,113
9,937
464
2,985
-977
-193
451
8,755
-3,148
4,117
-25
7,810
-670
3,111
-2,054
625
111
648
-450
-273
21,220
14,350
PJ
905
(18)
(18)
5,154
-642
14,961
18
1,441
-1,275
13,853
-249
^4
-172
-161
-1
-56
-65
-64
-67
-49
-1,452
-1,334
-1,294
-1,848
-1,470
-1,797
29
^810
-747
-304
-118
-118
-231
-1,029
-1,187
-79
-1,160
-250
-262
-4,370
-47
-1,169
-189
-471
-820
-199
-111
-984
-1,285
30
31
32
-1,218
-1,429
411
-1,361
2,696
-3,175
95
2,546
33
-118
-109
7
61
167
34
35
36
37
38
-170
-522
195
-221
-241
-342
218
223
-406
-212
223
133
248
-397
-411
-411
-544
-310
-177
-367
-341
-1,164
-1,164
-205
-205
-325
-325
-285
-285
-349
-349
926
430
-1,519
-8
2,023
-918
413
495
-5
-1,820
3,090
326
800
5
1,959
-2,820
161
438
-5
-3,414
389
-89
566
-88
947
-1,449
31
6
-190
72
-23
17
-114
-172
-168
1
111
-232
-232
-174
-174
39
40
41
42
2,887
256
1,684
43
44
45
46
47
483
375
-257
-168
-131
2,850
-7,209
-1,564
-1,043
-1,049
-1,498
-74
3,908
962
-4,425
974
278
1,329
214
-13
-1,252
-9,734
5,433
11,172
14,141
9,924
843
-23
-1,464
114
2,215
2,135
13
18)
(18)
-21
0
-44
1
22
n
567
-21
0
^44
1
22
n
-23
-1,420
113
2,193
2,135
-1 ,449
-278
-275
-296
8
R
135
418
-43
-11, 040
18)
3
;:>
(18)
.8)
897
160
(18)
18
1,739
459
3,063
a
18)
J3
13
<;:>
$
-525
n.a.
-177
-102
(18)
ifi
217
9,085
18
744
659
12,510
n.a.
(18)
141
(.8)
864
-1,122
3,151
18
n.a.
6,065
18
553
23
1,410
-285
-275
8
(18)
18
C)
210
91
-49
-285
(18)
(18)
18
-9
81
-1,207
125
-145
18
418
(18)
(18)
18
227
-4
2,248
18
-39
58
2,391
48
49
50
51
52
53
54
55
(18)
18)
18
22
23
24
25
26
27
28
-267
-312
(18)
18
-220
-128
-1
17
18
-402
-246
446
15
-407
-36.
-39
-102
-290
-132
-44
-44
-43
-129
2,302
(18)
(18)
-7,249
-41
-40
-1
-331
478
-569
(18)
2,748
3
4
19
20
21
1,463
40
2,292
S3
ff
(18)
(18)
843
3,739
3,464
(18)
900
(8)
(8)
-378
-802
275
-5,180
5,903
^48
R
I!
R
18
-125
-384
-358
1,571
-79
-918
-1,336
-82
-1,085
n
2
16
-671
-140
1,135
1
1,099
-572
-160
1,182
-6,212
8,371
2,948
1,187
-1,228
2,652
2,671
57
-466
-91.
-684
Line
II"
I'
2,845
-592
-149
-650
IV
III
134
-614
-155
-603
II
2,608
-1,386
-7
-9
-26
-2,449
IV
III
1992
1991
1991
\f
I
(18)
501
18
n.a.
-1,654
56
57
58
59
60
61
62
-14,363
-16,324
6,185
80
-4,304
1,775
2,813
-44,039
12,818
1,150
-30,071
13,277
-16,794
-8,035
3,068
215
-4,752
6,261
1,509
-6,858
2,710
258
-5,890
6,454
564
-14,168
3,592
607
-9,969
717
-9,252
-12,978
3,448
70
-9,460
-10,378
4,084
129
-6,165
-2,502
-6,667
-11,879
2,945
198
-8,736
-2,783
-11,519
-155
-9,615
-983
-736
390
2,326
4,780
7,496
-5,927
1,569
199
581
1,019
1,799
-1,452
348
2,317
-3,319
598
1,245
1,842
-1,334
508
544
1,126
1,803
-1,294
509
1-34
755
-2,649
-1,474
63
57
604
1,391
2,052
-1,848
204
526
1,363
1,889
-1,470
419
704
1,471
2,175
-1,797
378
64
65
66
67
68
69
SURVEY OF CURRENT BUSINESS
82
September 1992
U.S. International Sales and Purchases
of Private Services
• U.S. Cross-Border Transactions, 1986-91
• Sales by Affiliates, 1989-90
By John A. Sondheimer and Sylvia E. Bargas
of services, somewhat more than the $118.6 billion that their majority-owned foreign affiliates
(MOFA'S) received from the sale of services abroad
(table i). Foreign firms, in contrast, received
somewhat less from the cross-border sale of services to U.S. persons than their majority-owned
U.S. affiliates (MOUSA'S) received from the sale
of services in the United States—$97.0 billion,
compared with $110.1 billion.
A portion of both the cross-border and affiliate sales of services represents trade between
parents and affiliates or between affiliates of the
same parent company. Of the $138.1 billion in
U.S. cross-border sales of services, $22.0 billion
represented U.S. parent companies' sales to their
foreign affiliates, and $4.4 billion represented U.S.
affiliates' sales to their foreign parents.3 By comparison, of the $97.0 billion in U.S. cross-border
purchases of services, $5.2 billion represented U.S.
parents' purchases from their foreign affiliates,
and $5.7 billion represented U.S. affiliates' purchases from their foreign parents. Of the $118.6
billion in MOFA sales abroad, $13.3 billion was
accounted for by sales to other foreign affiliates
within the same multinational company. Comparable information is not available for MOUSA'S,
HIS ARTICLE presents detailed estimates
of U.S. international sales and purchases
of private services, including services delivered
both through cross-border (balance of payments) transactions and through majority-owned
affiliates.1 Data on affiliate sales are needed to
complement the data on cross-border transactions, because a large portion of international
services business is conducted through locally
established affiliates that can provide the close
contact between customers and producers that
many services require.2
In 1990, the latest year for which data on both
types of transactions are available, U.S. firms received $138.1 billion from the cross-border sale
T
1. These estimates were first presented in this format in "U.S. International Sales and Purchases of Services," SURVEY OF CURRENT BUSINESS 70
(September 1990): 37-72.
2. A formal framework for analysis of sales and purchases of services (and
goods), which is based on the concept of ownership rather than of residency
and thus supplements the residency-based balance of payments accounts, is
presented by the National Research Council's Panel on Foreign Trade Statistics. That framework requires information going beyond that presented in
this article, including information on purchases by affiliates, and requires that
certain issues of duplication be formally addressed. See National Research
Council, Panel on Foreign Trade Statistics, Behind the Numbers: U.S Trade
in the World Economy (Washington, DC: National Academy Press, 1992). Additional discussion of the use of direct investment as a channel of delivery
and of ways to account for this activity may be found in DeAnne Julius,
Global Companies and Public Policy: The Growing Challenge of Foreign Direct
Investment (New York: Council on Foreign Relations Press, 1990); and Evelyn Parrish Lederer, Walther Lederer, and Robert L. Sammons, International
Services Transactions of the United States: Proposals for Improvement in Data
Collection, Report prepared for the U.S. Departments of State and Commerce
and the Office of the U.S. Trade Representative, 1982.
3. These figures are derived from the export data in table 2. U.S. parents'
sales are the sum of lines 13 and 20, and U.S. affiliates' sales are the sum of
lines 14 and 21. The amounts cited in this paragraph for affiliated cross-border
purchases are derived analogously from the import data in table 2.
Table 1.—Delivery of Services to Foreign and U.S. Markets Through Cross-Border Transactions and Through
Sales by Affiliates
[Millions of dollars]
1986
1987
77097
64,476
86802
73432
100683
80367
117966
84079
138 136
97,013
152252
100,029
72849
87011
62,553
100813
73,165
99226
94,169
118,643
110,107
n.a.
n.a.
1988
1989
1990
1991
U.S. cross-border (balance of payments) transactions:
U S sales (exports)
U S ourchases (imoorts)
.
.
..
Sales by nonbank majority-owned affiliates:
Sales to foreign persons by foreign affiliates of U S companies!
Sales to U.S persons by U S. affiliates of foreign companies
n.a. Not available.
1. Due to definitional and methodological improvements made in connection with the 1989
benchmark survey of U.S. direct investment abroad, the figures shown in this line for 1989 forward
n.a.
are not comparable to the figures shown for 1986-88. If the 1989 figure were placed on the
same basis as the figures for 1986-88, sales in 1989 would have been S119.296 million.
SURVEY OF CURRENT BUSINESS
because they report to BEA on a consolidated
basis.
For cross-border service transactions, this
year's article provides preliminary estimates for
1991 and revised estimates for 1986-90. (See the
accompanying box on page 84 for a discussion
of the revisions.) For sales of services by affiliates, it provides preliminary estimates for 1990
and revised estimates for 1989.
U.S. Cross-Border
(Balance of Payments) Transactions
In 1991, U.S. cross-border receipts (exports) for
sales of private services continued to increase
faster than U.S. cross-border payments (imports)
for purchases of private services. Receipts increased $14.2 billion, or 10 percent, to $152.3
September 1992 •
83
billion, and payments increased $3.0 billion, or
3 percent, to $100.0 billion (table 2). These increases were less than in 1990, when receipts
increased 17 percent and payments 15 percent.
Major developments in 1991
Major developments in cross-border transactions,
which are highlighted in this section, include an
increase in receipts for "other" private services
and a slowdown in both receipts and payments
for travel and passenger fares. The detailed estimates of cross-border transactions are shown in
tables 3-9 at the end of the article.
Receipts for "other" private services—the main
source of growth in service receipts in 1991—
increased 16 percent to $46.4 billion, compared
with an increase of 9 percent in 1990. Most of the
Table 2.—Private Services, 1986-91
[Millions of dollars]
Ex ports
I inp
1986
1
Total private services
2
3
4
5
6
7
8
9
10
Travel
Overseas .
Canada
Mexico
Passenger fares
Other transportation »
Freight
Port services
Other .
11
12
13
14
15
16
17
Royalties and license fees
Affiliated
U S parents' transactions
U.S. affiliates' transactions
Unaffiliated
Industrial processes
Other
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Other private services
Affiliated
U.S. parents' transactions
U.S. affiliates' transactions
Unaffiliated
Education
Financial services
Insurance net
Premiums
Losses
Telecommunications
Business, professional and technical services
Advertising
Computer and data processing services
Data base and other information services
Research development, and testing services
Management consulting and public relations services
Legal services
Construction, engineering, architectural, and mining services
Industrial engineering
Installation maintenance and repair of equipment
Other
Accounting auditing and bookkeeping services
Agricultural services
Mailing reproduction and commercial art
Management of health care facilities
Medical services
Personnel supply services
Sports and performing arts
Training services
Miscellaneous disbursements
Other Unaffiliated services!
36
37
38
39
40
41
42
43
44
45
46
47
48
49
*D Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
n.a. Not available
1988
Imports
1991
1990
1989
1986
1987
1988
1989
1990
1991
77,097
86,802
100,683
117,966
138,136
152,252
64,476
73,432
80,367
84,079
97,013 100,029
20529
15650
2,701
2,178
5,545
15784
29665
22313
4,150
3,202
8,925
19456
5904
12820
36571
26939
5385
4,247
10,525
21 095
6326
13901
43418
30806
7093
5,519
15,140
22 942
25913
20311
3034
2,568
6,554
16715
10786
5254
29310
23313
2939
3,058
7,318
17788
10724
6392
32114
25260
3232
3622
7768
19534
11 712
7099
37349
28929
559
692
732
868
14730
1 033
48757
34518
8,499
5,741
15,627
23625
7237
15332
1 056
33418
25746
3396
4276
8258
20664
1 1 '705
10574
23718
18043
3,309
2,366
6,966
17334
5068
11 575
674
673
724
*784
896
929
16470
13081
12705
17799
14014
13500
1 392
1 844
1 296
2585
1 410
2602
1 778
3 133
3984
2857
4651
:
1987
7179
7927
5988
5808
9914
11 802
7629
7400
8893
13064
10207
9858
180
229
263
349
376
514
1,939
2285
1 678
2,645
1 962
2857
3389
2452
608
683
806
937
3785
2586
1 199
27312
28869
30835
8,183
5375
2,808
19129
3,495
8176
9123
5340
2836
20694
6363
2760
21 712
36711
11 542
8363
40166
13307
9267
4040
26859
3821
3731
4142
3831
2444
1 827
4,428
2295
4832
2537
2 111
4280
1 509
4805
3296
94
985
124
282
306
97
109
649
133
177
327
147
759
98
1 033
na
n.a.
3301
1,970
4414
9156
2196
5426
145
2051
3179
25169
4575
5036
1 572
5259
3'687
2519
6152
5127
4338
1 834
5766
3932
2660
6787
5025
31 805
5752
4689
2063
1 524
10026
6169
4106
2794
10403
179
283
384
354
451
403
559
661
790
278
1 276
939
219
1 717
649
21
4
P)
1
490
(D)
32
73
680
27
7
22
878
124
3
9
945
119
4
8
516
38
11
60
697
37
4
29
(*)
541
P)
P
54
588
2
43
109
628
1
47
138
na
4,108
na
4456
na
4608
na
5,315
na
6,112
o
2351
1 714
668
304
1 087
o
13901
9614
130
196
231
344
272
705
504
2031
o
na
na
46444
14639
1 000
145
978
205
375
300
397
1 198
908
109
799
484
1 173
1,293
540
2493
1,388
154
42
16
7
672
46
75
294
82
6,104
3875
8176
126
146
265
183
1 285
1*175
1 632
1 931
824
612
212
937
715
222
2674
1 127
18365
5853
19137
7150
22522
8'702
3271
4022
4910
5163
2582
12512
3128
3792
13821
4407
15585
547
459
88
17172
5200
2893
2307
11 972
525
650
11 987
452
539
586
2077
2056
2201
7217
5016
3241
8538
5297
3736
1 319
1 656
2628
8954
6326
4576
1 848
128
74
25
114
67
56
301
75
467
99
29
5
12
(*)
na
25
21
7
n a.
1,117
2196
155
433
77
32
23
76
60
40
4,879
10,608
23401
12586
9920
36958
28 104
3705
5,149
10,636
23297
11 947
10421
1 141
1 769
3253
1 252
3541
'658
881
246
25154
9570
737
9909
9086
5 172
1 971
2342
1 845
10 147
8302
5500
1 990
2430
2639
11 428
8789
5563
2642
188
107
39
182
73
98
228
46
31
133
143
81
245
44
54
210
135
111
291
110
51
250
170
222
163
103
307
133
443
53
266
75
323
31
496
93
37
7
9
o
616
107
31
4
9
2
na
7
25
9
n a.
714
135
57
0
8
(*)
627
567
73
12
39
10
na
10
40
10
n.a
704
109
22
2
8
(*)
1,147
1,264
823
na
10
54
13
n.a.
1,379
na
5
48
17
n.a.
1,486
na
16
59
43
315
1,575
1. Exports include mainly expenditures of foreign governments and international organizations in the United States.
Imports include mainly wages of foreign residents temporarily employed in the United States and of Canadian and
Mexican commuters in the U.S. border area.
SURVEY OF CURRENT BUSINESS
#4 • September 1992
Revisions in the Estimates of Cross-Border Service Transactions
Estimates of cross-border service transactions were revised earlier
this year to reflect definitional changes and improvements in source
data. The revised estimates were first published, in summary form,
in tables i and 3 of the article "U.S. International Transactions" in
the June 1992 SURVEY OF CURRENT BUSINESS. That article contained
a detailed discussion of the revisions. Unless noted otherwise, the
revisions affect the data for all years shown in this article.
Definitional changes.—There were two major definitional changes
that affected private services. First, estimates of receipts and payments of royalties and license fees and of "other" private services
are now published before deduction of nonresident taxes withheld.
Previously, these estimates were published after deduction of taxes
withheld.
Second, estimates of royalties and license fees and of "other" private service transactions of direct investors are now presented on a
gross basis in the U.S. international accounts; previously, they were
on a net basis and differed from the gross estimates presented in
this article. On a net basis, receipts and payments of U.S. direct
investors were netted against each other and entered as exports, and
Table A.—Comparison of Data Collected in the 1986
and 1991 Benchmark Surveys of Selected Services
Transactions with Unaffiliated Foreign Persons
[Millions of dollars]
Exports
1986
Total selected services
Accounting, auditing, and bookkeeping sevices
Advertising
Agricultural services
Computer and data processing services
Data base and other information services
Mailing reproduction, and commercial art
Management, consulting, and public relations
Management of health care facilities
Industrial engineering
Installation, maintenance, and repair of equipment
Leasing of rights to natural resources
Legal services
Miscellaneous disbursements
Personnel supply services
Research development and testing services
Sports and performings arts
Telecommunications
Training services
Addenda:
Primary insurance:
Premiums paid
Losses recovered
Construction, engineering, architectural, and mining
services
Impc)rts
1991
1991
1986
4,977
11,268
4,202
21
94
4
985
124
(D)
154
179
42
29
77
5
32
23
12
1,714
403
16
661
7
60
98
540
1,033
n.a
2,493
36
1 173
75
467
n.a
40
na
25
76
21
3253
7
306
1
97
(D)
282
32
82
46
559
75
1 827
2794
73
294
na
7,915
73
291
12
110
51
39
170
10
31
627
33
222
315
16
250
59
5563
43
0
(i)
(i)
I1)
(')
954
na
1 075
119
(i)
(i)
301
323
* Less than $500,000.
D
Supressed to avoid disclosure of data of individual companies.
n.a. Not available. Data were collected for the first time in the 1991 benchmark survey.
1. Data for exports are collected in other surveys, not in the selected services survey.
Table B.—Reconciliation of Selected Services Transactions
with Business, Professional, and Technical Services
[Millions of dollars]
Imp )rts
Exports
Total selected services
Plus: Construction, engineering, architectural, and
mining services
Medical services
Less1 Telecommunications
Leasing of rights to natural resources
Equals: Business, professional, and technical
services
n.a. Not available.
1991
1986
1991
1986
4977
11268
4,202
759
490
1 293,
301
672
1 827
na
2794
na
3253
na
5563
4428
10403
1252
2642
7,915
receipts and payments of U.S. affiliates of foreign direct investors
were netted and entered as imports. On a gross basis, all receipts
are recorded as exports and all payments are recorded as imports,
regardless of whether they are transactions of U.S. direct investors
or of U.S. affiliates of foreign direct investors.
Improvements in source data.—Travel and passenger fares were
revised to incorporate new data for U.S. international cruise transactions. In addition, travel receipts from Canada and Mexico
incorporate new source data from Statistics Canada and the Bank
of Mexico. Beginning with 1990, passenger fare receipts and payments include new estimates of interline settlements between U.S.
and foreign airlines.
Other transportation receipts were revised to include new estimates of U.S. rail carriers' revenues for transporting foreign-owned
goods through the United States.
Estimates of "other" private services were revised to incorporate
preliminary results of the 1991 benchmark survey of selected services transactions with unaffiliated foreigners. The coverage of the
benchmark survey was expanded by introducing a new exemption
criterion that permitted the capture of more small transactions and
by adding new types of services (table A). The number of companies
with reportable transactions increased 75 percent, to 1,399 in 1991
from 792 in 1986, when the last benchmark survey was conducted.
Most of the estimates in business, professional, and technical services in tables 2, 5, and 9 are based on data from the benchmark
surveys and the annual follow-on surveys (table B). For certain
services, detail by type was collected in the benchmark surveys, but
only aggregate data were collected in the follow-on surveys. The
added detail available for 1986 and 1991 is shown in table C.
Table C.—Added Detail Collected in the 1986 and
1991 Benchmark Surveys of Selected Services Transactions With Unaffiliated Foreign Persons
Millions of
dollars
1986
1991
Percent
1986
1991
U.S. receipts
94
76
18
179
110
69
100.0
100.0
80.9
19.1
61.5
38.5
Computer and data processing services
Data entry processing and tabulation
Systems analysis, design, engineering, and custom
programming
Software services, excluding custom programming
Equipment leasing (except financial leasing)
Integrated hardware/software systems . . .
Other
985
6
1,714
17
100.0
.6
100.0
1.0
112
646
22
174
25
397
1,055
41
84
120
11.4
65.6
23.2
Data base and other information services
Business and economic data base services
Miscellaneous data base services
General news services
. . .
Other
124
27
45
6
46
Advertising
Through agencies
Direct sales by media
.
Telecommunications .; . . . .
Message telephone services
Private leased channel services
Telex, telegram, and other jointly provided (basic) services .
Value added services
Support services
2.2
61.6
2.5
2.4
4.9
7.0
403
175
94
77
57
100.0
100.0
37.1
23.3
19.1
14.1
1,827
1,417
15
358
33
4
2,794
2,564
14
123
79
14
100.0
100.0
77.6
91.8
1.8
.2
.5
4.4
2.8
.5
3,253
2.785
155
289
2
22
5,563
5,051
388
78
19
27
100.0
100.0
85.6
90.8
17.7
21.8
36.3
4.8
.8
19.6
43.4
U.S. payments
36
323
na
33
Telecommunications
Message telephone services
Private leased channel services '
Telex, telegram, and other jointly provided (basic) services .
Value added services
Support services
4.8
8.9
.1
.7
7.0
1.4
.3
.5
1. Includes payments to Intelsat, which is treated as an international organization in the U.S. balance of
payments accounts, for the use of channels on communications satellites.
SURVEY OF CURRENT BUSINESS
increase in 1991 was in receipts from unaffiliated
foreigners for business, professional, and technical services, for which coverage was improved as
a result of the 1991 benchmark survey (see the box
for details). Excluding unaffiliated business, professional, and technical services, "other" private
service receipts increased 8 percent, compared
with 9 percent in 1990. Receipts from unaffiliated
foreigners increased 7 percent, about the same
as in 1990, and receipts from affiliated foreigners increased 10 percent, down from 15 percent in
1990.
Payments for "other" private services increased
12 percent to $25.2 billion in 1991, compared
with an increase of 18 percent in 1990. Among
payments to unaffiliated foreigners, those for
business, professional, and technical services increased the most—33 percent, compared with an
increase of i percent in 199O.4 The growth in
telecommunications payments decelerated to i
percent in 1991 from 6 percent in 1990. Affiliated service payments increased 10 percent, down
from 22 percent.
4. The 1991 estimate of payments to unaffiliated foreigners includes miscellaneous disbursements abroad to cover the costs of news gathering, motion
picture production, production of broadcast material other than news, State
tourism and business promotion offices, sales and representative offices, and
participation in foreign trade shows. Such disbursements are not included in
the estimates for earlier years. Excluding these disbursements, the increase
in 1991 was 17 percent.
Receipts of royalties and license fees increased
8 percent to $17.8 billion, compared with an
increase of 26 percent in 1990. Payments increased 27 percent to $4.0 billion, up from 20
percent. The increases in payments were largely
attributable to payments by U.S. affiliates to their
foreign parents and partly reflected the sharp
step-up in foreign direct investment in the United
States during the late ipSo's. As a result of the
faster growth in payments than in receipts in recent years, the ratio of total affiliated receipts to
total affiliated payments of royalties and license
fees fell from 6.6 in 1986 to 4.9 in 1991. For unaffiliated transactions, this ratio was 3.4 in 1991,
compared with 4.0 in 1986.
Combined receipts for travel and passenger
fares grew more slowly in 1991 than in 1990; they
increased 10 percent to $64.4 billion, down from
24 percent. Combined payments decreased i percent to $47.6 billion, in contrast to an increase of
15 percent. Both receipts and payments were depressed in 1991 because of the war in the Persian
Gulf.
Receipts for other transportation increased 3
percent to $23.6 billion in 1991, and payments
were almost unchanged at $23.3 billion. In 1990,
the increases were 9 percent and 13 percent, respectively. Freight earnings of U.S. and foreign
carriers were depressed in 1991 by a decrease in
the volume of U.S. export and import freight.
U.S. International Tfan$actlon$In Private Services In 1991,
byMajor Components
U.S. Exports ($152.3 billion)
U.S. Imports ($100.0 billion)
Royalties &
License Fees
(4.0%)
U& Department of pommeres, Bureau of Economic Analysis,
September 1992 •
85
SURVEY OF CURRENT BUSINESS
86 • September 1992
Changes in the composition of cross-border
service transactions
Except for travel and passenger fare receipts, the
shares of most major components of private service receipts and payments changed only slightly
from 1986 (when data for several services first
became available) to 1991. Travel and "other"
private services are the two largest components
of service receipts (chart i). Travel is the largest
component of service payments. Among receipts,
the largest change was in combined travel and
passenger fares, which increased their share of total service receipts to 42 percent in 1991 from 34
percent in 1986. The increase reflected a surge
in visitors to the United States from overseas.
The share of "other" private service receipts decreased to 31 percent in 1991 from 35 percent in
1986; the 1991 share would have been somewhat
lower except for the improved coverage of business, professional, and technical services. The
share of royalties and license fees increased to
12 percent in 1991 from 10 percent in 1986, and
the share of other transportation decreased to 16
percent from 20 percent.
Among payments, the combined share of travel
and passenger fares decreased to 48 percent from
50 percent, and the share of other transportation decreased to 23 percent from 26 percent.
The share of "other" private service payments
increased to 25 percent in 1991 from 22 percent
in 1986; the increase reflected growth in services
other than business, professional, and technical
services. The share of royalties and license fees
increased to 4 percent from 2 percent.
Sales by Affiliates
Table 10 shows a summary of all available data for
1989-90 on sales of services by nonbank majorityowned affiliates for all countries and industries
combined. Highlights for 1990—the most recent
year for which estimates are available—are discussed in the following two sections. The first
section covers sales by foreign affiliates of U.S.
companies, and the second section covers sales
by U.S. affiliates of foreign companies.
Sales by foreign
affiliates
Worldwide sales of services by nonbank majorityowned foreign affiliates (MOFA'S) of U.S. companies were $130.9 billion in 1990, up 19 percent
from 1989.5 Of total MOFA sales in 1990, 84
5. A MOFA is a foreign affiliate in which the combined ownership of all
U.S. parents exceeds 50 percent.
percent, or $110.1 billion, were to unaffiliated—
mainly foreign—persons, and 16 percent, or $20.8
billion, were to affiliated persons. Of the sales
to affiliated persons, a little more than one-third
were to U.S. parent companies, and the rest were
to other foreign affiliates of the U.S. parent of
the affiliate that made the sale. By location of
customer, 9 percent of MOFA sales of services
were to U.S. persons, and the remainder were to
foreign—mainly unaffiliated—persons.
The rest of this section focuses on MOFA sales to
foreign persons, which represent sales delivered
by U.S. companies to foreign markets through
the channel of direct investment. Those sales are
shown by country in table 11 and by industry of
affiliate cross-classified by country in table 12.
Sales to foreign persons.—Sales of services by
MOFA'S to foreign persons were $118.6 billion in
1990, up 20 percent from 1989. Of this total, 88
percent, or $104.1 billion, were sold within the
country of the affiliate; the rest were sold to other
foreign (non-U.S.) countries.
By area, affiliates in Europe accounted for $68.6
billion, or 58 percent, of MOFA sales of services to foreign persons in 1990 (table 11). Sales
by European affiliates increased 29 percent in
1990, partly reflecting the depreciation of the U.S.
dollar against major European currencies, which
raised the dollar value of sales denominated in
those currencies. Within Europe, the largest sales
were by affiliates in the United Kingdom ($25.4
billion). Also large were sales by affiliates in
France ($8.8 billion), Germany ($8.4 billion), and
the Netherlands ($7.8 billion). Outside Europe,
the largest sales were by MOFA'S in Canada ($16.1
billion) and Japan ($10.2 billion).
By industry, affiliates classified in the "services"
division of the Standard Industrial Classification
(sic) had the most sales of services to foreign
persons in 1990—$38.6 billion, up 31 percent
from 1989.6 Affiliates in Europe accounted for
72 percent of "services" sales. Within "services,"
affiliates in computer and data processing and
in "other" services had the largest sales. Outside "services," affiliates in insurance had the
next largest sales, totaling $20.9 billion in 1990.
Of this total, 80 percent was accounted for by
five countries (Canada, Japan, the United Kingdom, Bermuda, and Hong Kong), each of which
had sales exceeding $1.0 billion. In the case of
Bermuda, a portion of the sales were by "captive"
6. The "services" division of the sic comprises the industries listed under
"services" in tables 12 and 13.
SURVEY OF CURRENT BUSINESS
offshore affiliates of U.S. parents that were not
themselves insurance companies.7
Affiliates in manufacturing, wholesale trade,
and finance (except banking) also had large sales
of services to foreigners in 1990. In manufacturing, most of the sales were of computer and
data processing services by machinery affiliates.
In wholesale trade, over two-thirds of the sales
were by European affiliates. In finance, nearly
one-half of the sales were by British affiliates.
Sales by U.S. affiliates
Worldwide sales of services by nonbank majorityowned U.S. affiliates (MOUSA'S) of foreign companies were $116.9 billion in 1990, up 17 percent
from 1989.8 These sales were nearly 90 percent as
large as those by MOFA'S. By location of customer,
94 percent, or $110.1 billion, of MOUSA sales of
services were to U.S. persons, and 6 percent, or
$6.8 billion, were to foreign persons. The sales
to foreign persons were almost entirely to members of the U.S. affiliates' foreign parent groups
and to unaffiliated foreigners. (U.S. affiliates of
foreign companies have few foreign affiliates of
their own.)
The rest of this section focuses on MOUSA sales
of services to U.S. persons, which represent sales
delivered by foreign companies to the United
States through the channel of direct investment.
These sales are shown by country of ultimate beneficial owner (UBO) in table n and by industry
7. These affiliates are used primarily as a means of providing selfinsurance within the U.S. multinational companies of which they are a part,
and a large share of their premiums is derived from providing casualty
insurance to other foreign affiliates.
8. A MOUSA is a U.S. affiliate in which the combined ownership of all
foreign parents exceeds 50 percent.
September 1992
of affiliate cross-classified by country of UBO in
table 13.9
Sales to U.S. persons.—Sales of services by
MOUSA'S to U.S. persons increased 17 percent in
1990. Sales by affiliates with European UBO'S were
$64.5 billion, or 59 percent of total sales of services by MOUSA'S to U.S. persons. Within Europe,
the largest sales were by affiliates in the United
Kingdom ($28.9 billion). Also sizable were sales
by affiliates with UBO'S in Switzerland ($12.2 billion), the Netherlands ($7.9 billion), Germany
($5.3 billion), and France ($5.1 billion). Outside
Europe, the largest sales were by affiliates with
UBO'S in Canada ($22.6 billion) and Japan ($12.6
billion).
By industry, MOUSA'S in insurance had the
largest sales to U.S. persons in 1990.
Life
insurers—most of which had Canadian UBO'S—
accounted for nearly one-half of total insurance
sales. Property and casualty insurers with UBO'S
in Switzerland and the United Kingdom accounted for most of the remainder. After insurance, affiliates in "services" had the next largest
sales ($25.3 billion). Within "services," sales were
largest in motion pictures, hotels and other lodging, and "other" services. Also sizable were sales
by affiliates in real estate ($13.4 billion) and "other
industries" ($11.0 billion). Within "other industries," sales were largest in transportation, where
almost one-half of the sales were accounted for
by affiliates with UBO'S in the United Kingdom
and Canada.
Tables 3 through 13.2 follow. H
9. The UBO of a U.S. affiliate is that person, proceeding up the affiliate's
ownership chain beginning with and including the foreign parent, that is not
owned more than 50 percent by another person.
•
SURVEY OF CURRENT BUSINESS
88 • September 1992
Table 3.1.—Travel, Passenger Fares, and Other Transportation, 1986
[Millions of dollars]
Other transportation
Travel
Passenger
fares
Freight
Port services
Other
Total
Total
Ocean
Air
Other
Total
Ocean
Other
Air
Receipts
All countries
20,529
5,545
15,784
4,651
3,186
783
682
10,574
5,843
4,637
94
Canada
2,701
551
876
485
156
16
313
337
33
210
94
Eurooe
5,844
1,917
5,028
848
482
259
107
3,854
1,968
1,886
326
5,715
4,646
125
683
1,033
493
215
1,496
600
1,070
129
1,917
1,711
66
360
295
195
39
635
121
206
0
4,954
4,064
201
518
739
251
551
886
917
890
75
844
794
41
51
105
42
272
222
61
50
5
479
450
28
11
49
26
230
63
44
29
3
257
244
9
30
40
11
15
128
11
13
2
107
100
4
11
16
5
27
30
6
7
3,784
2,962
137
317
623
192
259
655
780
822
70
1,902
1,291
33
33
257
86
74
232
575
612
65
1,882
1,672
104
283
365
107
185
422
205
210
.5
326
308
23
150
12
17
21
9
76
18
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
5,789
2,178
379
3,232
1,260
117
99
1,044
2,152
333
141
1,678
771
36
54
682
507
8
36
463
155
25
10
120
110
3
8
99
1,296
254
86
956
384
57
33
294
913
197
53
662
85
43
1
40
Other countries
Australia .
Japan
Other
6,195
3,183
483
2,529
1,818
1,088
171
558
6,602
210
2,444
3,948
2,487
44
566
1,878
2,041
2
361
1,678
353
31
125
197
152
11
79
62
4,021
165
1,850
2,006
2,392
70
1,352
970
1,628
95
498
1,035
95
2
28
65
1,066
1,066
Western Europe
European Communities , (12) . . . .
Belgium-Luxembourg
France
Germany Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
International organizations and unallocated
1,066
559
54
Payments
All countries
25,913
6,554
16,715
10,786
8,636
2,051
100
5,254
2,125
3,076
53
674
Canada
3,034
212
476
196
78
18
100
190
52
85
53
91
Europe
9,218
3,001
5,367
3,605
2,932
673
1,534
391
1,143
228
9,101
8,311
152
1,006
1,913
1,348
110
3,003
779
790
117
3,001
2,542
98
216
387
238
288
791
524
459
0
5,199
4,024
167
284
863
390
383
809
1,128
1,174
168
3,488
2,540
107
171
570
199
210
357
926
948
118
2,817
1,945
53
54
417
138
118
283
881
872
115
671
595
54
117
153
61
91
74
45
76
3
1,485
1,340
58
113
266
182
170
379
172
145
49
372
355
31
18
55
31
139
36
45
17
18.
1,112
985
27
95
211
151
31
343
127
128
31
227
145
2
1
27
9
4
73
30
82
1
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
6,905
2,568
133
4,204
1,336
420
46
870
1,939
339
259
1,342
889
55
68
766
647
43
45
558
243
13
23
208
1,023
273
191
559
498
114
122
263
525
160
70
296
27
10
0
17
Other countries
Australia
Japan
Other
6,756
459
1,336
4,961
2,005
238
420
1,347
7,488
372
3,096
4,020
4,836
161
2,266
2,409
3,720
148
1,823
1,749
1,117
13
443
660
2,507
210
767
1,531
1,185
2
191
992
1,323
208
576
539
145
2
64
80
1,444
1,260
1,260
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
International organizations and unallocated
184
SURVEY OF CURRENT BUSINESS
September 1992 •
89
Table 3.2.—Travel, Passenger Fares, and Other Transportation, 1987
[Millions of dollars]
Other transportation
Travel
Passenger
fares
Freight
Total
Port services
Other
Total
Ocean
Air
Other
Total
Ocean
Air
Other
Receipts
All countries
692
23,718
6,966
17,334
5,068
3,402
982
684
11,575
6,515
4,961
100
Canada
3,309
663
901
478
166
21
292
340
50
190
100
Europe
7,596
2,753
5,087
862
433
316
114
3,911
2,139
1,773
313
7,467
6,140
151
846
1,545
586
280
2,031
701
1,327
129
2,753
2,472
48
550
499
310
36
854
175
280
0
4,993
3,928
208
506
736
274
630
832
743
1,064
94
861
810
42
53
99
48
258
252
59
51
2
432
404
28
8
37
29
213
49
39
29
0
315
300
10
33
45
13
17
171
13
14
1
114
106
4
12
17
6
29
32
6
8
3,827
2,894
147
344
624
209
351
564
656
933
84
2,065
1,407
58
34
255
81
159
335
485
658
73
1,762
1,487
89
310
369
128
192
229
170
275
11
305
224
20
110
13
18
21
15
28
81
8
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
,
5,868
2,366
317
3,185
1,241
145
79
1,017
2,727
369
131
2,227
1,030
37
39
954
712
9
17
686
202
25
14
163
117
4
8
105
1,562
277
90
1,195
522
55
30
437
1,040
222
60
758
135
55
2
79
Other countries
Australia
Jaoan
Other
6,945
3,941
547
2,457
2,310
1,484
303
523
6,851
265
2,638
3,948
2,539
47
614
1,878
2,092
1
342
1,749
443
34
188
221
162
11
84
66
4,178
216
1,957
2,006
2,570
64
1,364
1,143
1,958
152
593
1,213
161
3
67
91
1,234
1,234
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
International organizations and unallocated
1,234
83
Payments
All countries
Canada ..
Europe .
....
.
.
.
.
Western Europe
European Communities (12)
Belgium-Luxembourg . . .
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
Other countries
Australia
Japan
Other . .
.
International organizations and unallocated
. . .
29,310
7,318
17,788
10,724
8,365
2,242
117
6,392
2,115
4,190
87
2,939
204
643
280
150
13
117
292
60
145
87
10,251
3,479
5,629
3,399
2,693
706
1,995
367
1,628
235
10,021
9,063
127
1,139
2,203
1,460
126
2,974
1,034
958
230
3,479
2,993
79
248
433
257
299
1,032
645
486
0
5,445
4,298
212
313
880
440
480
1,055
919
1,147
184
3,283
2,388
136
168
516
176
317
392
683
894
116
2,580
1,765
81
48
358
114
223
302
641
815
113
703
623
55
120
158
63
94
90
43
80
3
1,928
1,759
73
145
335
255
159
587
205
169
67
352
332
34
12
40
44
116
34
51
20
16
1,577
1,427
38
133
295
211
43
553
154
150
51
234
150
3
1
28
9
4
75
31
84
1
7,880
3,058
194
4,628
1,487
544
81
862
2,267
435
212
1,621
989
86
63
840
720
72
39
609
270
14
24
232
1,251
340
149
762
537
112
49
377
714
229
100
386
27
9
0
18
8,240
622
1,572
6,046
2,148
294
455
1,399
7,980
424
3,272
4,285
4,977
129
2,169
2,679
3,723
116
1,662
1,944
1,254
13
507
735
2,854
293
1,037
1,524
1,151
11
156
984
1,703
282
882
540
150
2
66
82
1,269
1,079
1,079
673
71
190
9O • September 1992
SURVEY OF CURRENT BUSINESS
Table 3.3.—Travel, Passenger Fares, and Other Transportation, 1988
[Millions of dollars]
Other transportation
Travel
Passenger
fares
Port services
Freight
Total
Other
Total
Ocean
Air
Other
Total
Ocean
Air
Other
Receipts
All countries
29,665
8,925
19,456
5,904
3,750
1,385
769
12,820
7,315
5,407
98
98
732
Canada
4,150
742
927
506
200
20
286
361
55
208
Europe
9,778
3,719
5,684
1,156
560
457
140
4,184
2,251
1,932
344
9,602
7,396
177
952
1,911
647
318
2,527
864
2,206
176
3,719
3,225
44
574
669
392
41
1,257
248
494
0
5,576
4,415
264
530
822
315
615
916
955
1,140
108
1,155
1,090
58
75
146
85
277
368
82
65
1
560
527
38
10
56
58
216
97
52
33
456
433
15
51
69
19
26
231
22
23
1
140
131
6
14
21
7
35
40
8
10
4,086
3,027
185
330
685
211
316
531
769
1,058
98
2,166
1,407
47
53
269
84
89
282
584
759
86
1,920
1,621
138
278
416
127
227
250
186
299
13
335
319
22
124
13
19
22
17
103
16
9
Mexico
Venezuela
Other
6,927
3,202
366
3,359
1,388
191
92
1,105
2,979
343
196
2,441
964
66
49
849
569
18
21
529
252
44
18
190
144
4
10
129
1,866
219
144
1,503
733
49
53
631
1,133
169
91
873
149
58.
2
89
Other countries
Australia
Japan
Other
8,809
4,856
711
3,242
3,076
1,808
456
812
8,071
239
2,860
5,150
3,277
67
853
2,358
2,422
2
429
1,991
657
51
320
287
199
14
104
81
4,806
182
1,935
2,689
2,672
31
1,288
1,354
2,133
152
647
1,335
179
4
73
103
1,603
1,603
7,099
2,244
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom . . .
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
International organizations and unallocated
1,603
60
Payments
All countries
32,114
7,768
19,534
11,712
9,372
2,226
114
114
4,756
99
99
724
Canada
3,232
254
676
250
114
23
328
84
145
Europe
11,347
3,652
6,576
3,820
3,056
764
2,509
486
2,024
247
... . ...
11,086
10,017
157
1,233
2,423
1,682
180
3,325
1,017
1,069
261
3,652
3,096
73
279
515
269
325
1,046
589
556
0
6,407
5,143
225
412
1,073
542
433
1,335
1,123
1,264
169
3,689
2,641
129
199
576
180
232
448
877
1,048
131
2,927
1,978
69
77
394
124
133
355
827
949
129
762
663
60
122
182
56
99
94
50
99
2
2,472
2,335
92
212
469
354
197
806
206
137
37
460
441
39
27
58
60
137
56
65
19
26
2,012
1,894
53
185
411
294
60
750
141
118
11
246
167
3
1
29
9
4
81
40
79
1
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
. . .
8,794
3,622
257
4,915
1,609
463
103
1,043
2,110
364
225
1,522
1,114
69
82
962
903
58
65
780
210
11
18
182
970
288
142
540
474
116
67
292
496
172
75
248
27
7
0
20
Other countries
Australia
Japan
Other
8,741
694
1,803
6,244
2,253
331
473
1,449
8,317
420
3,657
4,241
4,866
68
2,142
2,656
3,637
56
1,604
1,977
1,229
12
538
679
3,292
350
1,443
1,499
1,201
1
181
1,019
2,091
349
1,262
480
160
2
73
86
1,855
1,662
1,662
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of
Italy
Netherlands
United Kingdom
Other
.
Other Western Europe
Eastern Europe
International organizations and unallocated
97
193
SURVEY OF CURRENT BUSINESS
September 1992 • pi
Table 3.4.—Travel, Passenger Fares, and Other Transportation, 1989
[Millions of dollars]
Other transportation
Travel
Passenger
fares
Freight
Port services
Other
Total
Total
Ocean
Air
Other
Total
Ocean
Other
Air
Receipts
All countries
36,571
10,525
21,095
6,326
3,882
1,719
725
13,901
7,609
6,174
118
Canada
5,385
811
989
495
197
20
278
413
61
235
118
Europe
11,004
4,087
7,208
1,670
910
615
145
5,108
2,534
2,574
430
10,733
8,393
198
1,069
1,862
663
348
3,311
942
2,340
271
4,003
3,531
83
700
570
350
64
1,522
242
472
84
7,039
5,592
374
653
950
449
720
1,172
1,275
1,447
169
1,633
1,535
109
179
214
104
335
423
170
99
37
875
822
79
64
104
69
248
126
133
54
35
613
571
21
103
84
28
28
276
33
41
3
145
142
10
13
26
8
59
21
5
4
4,991
3,698
241
376
719
321
355
722
964
1,293
117
2,445
1,548
57
73
241
115
94
383
586
897
89
2,546
2,149
184
303
478
206
262
338
378
397
28
416
360
24
98
17
24
29
27
141
56
14
8,666
4,247
446
3,973
1,590
260
117
1,213
2,631
376
210
2,045
902
78
58
766
504
29
30
445
273
44
19
211
124
5
9
111
1,540
249
151
1,140
735
47
48
640
805
202
103
500
189
48
1
139
11,516
7,053
876
3,587
4,037
2,517
637
883
8,651
289
3,056
5,307
3,259
87
969
2,202
2,270
4
516
1,750
811
74
360
378
177
9
94
74
5,224
199
2,009
3,016
2,664
23
1,136
1,504
2,561
176
873
1,512
168
2
77
88
1,616
1,616
8,176
2,228
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of .
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
Other countries
Australia
Japan
Other
International organizations and unallocated
1,616
868
81
Payments
All countries
33,418
8,258
20,664
11,705
9,391
2,197
118
118
5,883
65
65
784
Canada
3,396
224
633
248
104
26
283
78
141
Europe
11,967
4,065
7,513
4,154
3,277
877
3,092
605
2,487
268
11,668
10,454
207
1,553
2,664
1,425
166
3,319
1,120
1,214
299
4,028
3,526
91
315
562
335
325
1,230
668
502
37
7,360
5,832
266
473
1,149
628
418
1,724
1,174
1,528
153
4,034
2,785
147
216
553
216
188
603
862
1,248
120
3,158
2,077
83
100
360
138
95
494
808
1,081
119
875
708
65
117
194
77
93
109
54
167
2
3,060
2,865
115
257
561
404
225
1,036
267
195
32
585
555
53
41
81
61
155
80
85
30
19
2,475
2,310
62
216
480
343
70
957
182
165
12
267
181
4
1
34
8
5
86
44
85
1
9,399
4,276
199
4,924
1,817
518
61
1,238
2,055
379
193
1,484
1,017
68
65
884
874
64
59
751
143
4
6
133
1,010
306
128
577
411
88
33
230
599
217
95
287
29
6
23
3,791
474
1,798
1,520
1,134
6
229
899
2,657
467
1,569
621
177
2
80
95
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
Mexico . .
Venezuela
Other
Other countries
Australia
Japan
Other
.
.
international organizations and unallocated
8,656
726
1,872
6,058
2,152
258
498
1,396
8,581
527
3,753
4,301
4,613
51
1,876
2,686
3,462
40
1,324
2,099
0
1,882
1,674
1,674
1,151
11
552
588
102
208
92 • September 1992
SURVEY OF CURRENT BUSINESS
Table 3.5.—Travel, Passenger Fares, and Other Transportation, 1990
[Millions of dollars]
Other transportation
Travel
Passenger
fares
Total
Freight
Total
Ocean
Port services
Air
Total
Other
Ocean
Other
Air
Other
Receipts
All countries . . .
...
7,179
43,418
15,140
22,942
4,011
2,432
736
14,730
7,815
Canada
7,093
978
1,079
478
156
30
292
514
108
Eurooe
12,602
5,730
8,020
2,115
1,110
861
144
5,439
2,826
2,614
466
12,253
9,439
5,626
5,004
7,679
855
792
37
131
126
45
45
358
49
63
6
144
141
10
13
26
8
59
21
4
4
2,708
2,573
160
997
865
481
97
2,045
360
621
105
956
900
105
32
113
100
264
156
131
56
154
5,280
3,697
266
1,236
2,093
749
406
3,601
1,088
2,814
349
1,955
1,833
152
175
264
153
369
535
185
122
160
239
361
762
388
332
733
883
1,583
159
1,533
49
49
270
176
63
356
570
1,175
118
2,164
189
312
492
212
269
377
313
409
41
444
391
25
91
19
27
32
37
160
53
22
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
10,645
5,519
583
4,543
2,152
307
121
1,724
1,115
113
77
926
539
28
40
471
453
80
28
345
123
5
8
110
1,964
266
148
1,549
580
45
35
500
1,383
222
113
1,049
280
49
1
230
Other countries .
Australia
Japan
Other
13,079
7,844
6,280
3,894
9,080
176
9
93
74
2,896
2,956
5,757
1,088
98
501
490
5,409
882
1,504
3,471
110
1,110
2,251
2,207
1,013
4,222
257
1,768
3,385
25
1,145
1,726
2,513
231
622
1,659
200
0
78
121
1,405
1,405
9,920
2,174
Western Europe
European Communitiesc(12)
Belgium-Luxembourg
France
Germany l
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
International organizations and unallocated
5,921
415
628
1,045
568
733
1,305
1,227
1,758
341
3,359
428
226
2,705
367
4
516
1,687
1,405
6,810
300
105
105
1,033
87
Payments
All countries
.
Canada
Europe
37,349
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany ]
Italy ..
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
Other countries
Australia
Japan
Other
International organizations and unallocated
23,401
12,586
2,207
89
89
7,674
71
71
896
255
835
215
32
394
109
214
5,659
8,788
4,671
3,837
834
3,824
605
3,219
293
13,615
11,968
5,578
4,946
8,568
6,669
3,679
175
410
748
385
442
1,900
886
632
81
284
538
1,349
877
426
1,965
1,229
1,899
220
2,178
71
71
390
254
91
453
849
1,500
159
831
720
73
111
190
69
100
123
55
111
3
3,767
3,564
231
1,788
2,671
1,631
222
3,657
1,768
1,647
381
4,510
2,899
144
182
579
323
191
576
904
1,611
161
130
348
732
546
231
1,289
288
203
57
555
528
44
51
71
74
134
84
69
26
50
3,212
3,036
86
297
661
472
97
1,205
219
176
7
292
207
10
9
38
8
5
100
37
85
1
10,274
4,879
2,112
649
89
1,374
2,031
342
230
1,459
943
75
67
800
792
70
62
660
151
5
5
141
1,072
264
163
645
418
32
61
326
654
233
102
319
16
3
3,588
271
21
167
84
295
5,100
336
9,538
2,582
9,895
4,993
3,803
867
2,210
6,461
292
555
1,735
765
4,349
4,781
70
1,986
2,937
53
1,435
2,315
1,853
1,643
1,643
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
10,290
13,996
3,541
.
10,608
1,189
17
551
622
4,631
674
2,197
1,760
1,042
7
239
797
667
1,958
963
105
14
210
September 1992 • 93
SURVEY OF CURRENT BUSINESS
Table 3.6.—Travel, Passenger Fares, and Other Transportation, 1991
[Millions of dollars]
Other transportation
Travel
Passenger
fares
Freight
Port services
Other
Total
Total
Ocean
Air
Other
Total
Ocean
Air
Other
Receipts
All countries
48,757
15,627
7,237
23,625
3,779
2,731
728
15,332
8,020
7,177
136
136
1,056
Canada
8,499
1,040
1,094
437
124
40
273
568
115
317
Europe
14,332
5,946
7,782
2,117
1,045
925
148
5,183
2,429
2,754
482
13,945
11,178
302
1,389
2,690
948
468
4,160
1,221
2,767
387
5,841
5,230
181
1,013
1,002
506
97
2,048
383
611
105
7,473
5,795
445
669
983
510
739
1,131
1,318
1,678
309
2,005
1,853
178
200
271
142
335
528
199
152
112
944
869
131
40
105
96
223
140
135
74
101
913
839
37
147
140
38
51
366
59
74
11
148
144
10
13
26
8
61
22
5
4
5,009
3,538
241
377
691
339
369
565
955
1,471
174
2,298
1,257
42
48
173
115
86
168
626
1,041
131
2,711
2^280
200
329
518
223
284
398
329
431
43
460
405
26
92
21
29
35
38
164
55
22
Latin America and Other Western Hemisphere
Mexico
Venezuela .
Other
11,668
5,741
710
5,217
2,258
373
148
1,737
3,734
506
297
2,932
1,155
145
114
897
493
52
48
394
536
88
57
391
127
5
9
113
2,299
313
182
1,804
841
80
63
699
1,458
234
119
1,105
281
48
1
231
Other countries
Australia . . .
Japan
Other
14,258
8,561
1,053
4,644
6,383
4,070
763
1,550
9,637
372
3,105
6,159
3,528
93
1,123
2,311
2,117
3
527
1,588
1,230
82
501
647
180
9
95
77
5,905
279
1,901
3,726
3,257
35
1,245
1,977
2,648
244
656
1,748
204
0
82
122
1,378
1,378
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany ]
Italy
Netherlands
United Kingdom
Other
. .
Other Western Europe
Eastern Europe
.. ..
International organizations and unallocated
1,378
90
Payments
All countries
929
36,958
10,636
23,297
11,947
9,593
2,257
98
10,421
2,093
8,255
72
Canada
3,705
249
837
304
163
43
98
422
113
237
72
Eurooe
13,176
5,583
8,165
4,060
3,285
775
3,804
581
3,223
301
12,835
11,549
238
1,651
2,520
1,653
199
3,599
1,689
1,286
341
5,499
4,817
184
389
767
389
437
1,775
876
682
84
7,928
6,128
283
526
1,236
801
438
1,618
1,226
1,800
237
3,880
2,384
128
166
432
213
205
336
905
1,496
180
3,107
1,709
64
69
254
150
99
212
862
1,398
179
773
675
64
98
178
63
106
125
43
98
2
3,748
3,529
144
350
765
580
229
1,178
284
220
56
544
513
54
37
69
82
127
75
70
31
38
3,204
3,015
90
313
696
497
102
1,102
214
189
18
300
215
11
10
39
8
5
104
38
85
1
2,157
687
71
1,399
2,206
363
247
1,596
1,073
86
79
908
920
83
73
764
152
3
5
144
1,117
275
168
674
428
47
68
312
690
228
100
362
16
2
Venezuela
Other
10,955
5,149
320
5,486
Other countries
Australia
Japan
Other
.
9,122
873
2,304
5,945
2,647
317
555
1,775
10,551
855
4,738
4,958
5,183
85
2,084
3,015
3,897
63
1,483
2,351
1,286
22
601
664
5,078
747
2,471
1,859
972
2
233
736
4,106
745
2,238
1,123
290
23
183
84
1,539
1,328
1,328
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany ]
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
Mexico
International organizations and unallocated
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
111
14
211
94 • September 1992
SURVEY OF CURRENT BUSINESS
Table 4.1.—Royalties and License Fees, 1986
[Millions of dollars]
Total
7,927
Canada
Europe
Belgium
France
Germany Federal Republic of
Italy
Netherlands
Norway
Spain .
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil .
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
:.. .
. . .
Payments
Affiliated
Affiliated
By U.S.
By U.S.
parents
affiliates
from their from their
foreign af- foreign
parents
filiates
Total
All countries
Receipts
5988
Unaffiliated1
Total
109
799
30
20
11
9
10
949
29
98
258
12
50
3
1
44
206
226
21
633
22
67
165
3
24
1
1
8
180
150
13
76
2
13
9
1
9
558
21
54
156
2
15
1
0
1
8
167
124
10
316
7
31
93
10
26
2
24
4
0
(*)
2
1
4
4
0
(*)
2
1
20
(*)
10
20
1
20
0
0
0
o
(*)
180
145
696
35
105
117
64
70
17
17
23
35
113
100
34
4
0
(*)
2
1
30
8
22
1,939
737
593
590
4,418
3,723
3,590
133
286
608
864
486
493
53
90
91
271
885
291
251
503
747
422
423
36
73
68
236
773
191
251
490
741
421
374
36
73
65
202
747
190
282
261
26
25
109
15
87
21
12
183
168
13
5
81
4
65
15
P)
P)
(*)
(*)
0
(*)
g
184
169
13
5
81
4
65
15
P)
P
n
n
99
93
13
19
28
11
22
6
P)
P
0
13
6
1
50
(*)
o3
34
26
1
n
n
n*
Unaffiliated1
908
5,808
3
By U.S.
By U.S.
parents to affiliates to
their fortheir foreign affili- eign parents
ates
Total
1,392
0
o
0
(*)
13
26
3
0
0
0
484
o
36
26
76
8
o
o
o
()
n
n
20
()
1
19
9
7
2
o
2,093
1,189
1,155
35
904
325
201
16
186
124
Africa
South Africa
Other
80
71
9
59
56
3
59
56
3
0
0
21
15
6
2
2
(*)
(*)
0
0
no
0
0
2
2
(*)
o
Middle East
Israel
Saudi Arabia
Other
30
6
10
14
7
3
3
1
7
2
3
1
0
n
n
23
3
7
13
3
1
1
0
(*)
0
0
0
(*)
0
(*)
0
(*)
0
0
3
1
1
0
1 974
1,123
1 089
34
218
33
54
8
183
28
5
3
722
P)
4
47
P)
40
16
11
15
4
0
6
24
1
0
186
4
2
0
(*)
174
0
0
119
4
(*)
(*)
74
7
64
19
60
33
45
184
30
5
3
728
P)
5
47
P)
40
16
11
404
299
290
3,846
3,314
3,218
13
0
0
Other countries
Asia and Pacific
Australia
Mono
Kona
iwiiy '\viiy
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
.
Philippines
Sinaaoore
Taiwan
Other
Unallocated
.
Addenda:
European Communities (12)
Eastern Eurooe
1360
*D Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. The detail by type of intangible asset shown for transactions with unaffiliated foreigners for 1987-91 in tables
4.2-4.6 was not collected for 1986.
o
0
o
0
320
121
6
1
(*)
181
2
0
1
0
201
7
2
1
0
181
2
0
1
0
0
7
2
0
1
0
0
851
34
3
49
5
632
P)
2
17
P)
20
17
34
0
0
0
0
0
0
0
0
0
0
0
9
105
55
29
3
26
26
96
0
532
13
690
(*)
442
0
62
0
379
0
249
0
n
0
(*)
n
0
n
n
0
6
0
114
n0
0
0
SURVEY OF CURRENT BUSINESS
September 1992 •
95
Table 4.2.—Royalties and License Fees, 1987
[Millions of dollars]
Receipts
Payments
Unaffiliated
Affiliated
Total
Total
All countries
Canada
Europe
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western
Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
By U.S.
parents
from
their
foreign
affiliates
BroadBy U.S.
Indus- Books, casting
and Franaffiliates
trial records, recordfrom Total procchise Other
and
their
of fees
esses tapes ing
foreign
live
parents
events
9,914
7,629
7,400
787
633
610
22
5,609
308
854
1,213
560
493
72
139
151
270
1,157
392
4,914
274
758
1,082
481
448
59
117
111
244
1,045
294
4,756
274
732
1,059
476
430
54
117
109
212
1,002
292
158
274
251
24
32
109
21
64
23
(D)
(D)
173
154
16
6
89
2
•41
19
(D)
(D)
172
154
16
6
89
2
41
18
(D)
(D)
2,723
1,528
1,501
229 2,285 1,678
125
155
87
9
D
( )
17
695
33
96
131
79
45
13
22
40
26
112
98
446
29
73
79
57
31
10
13
31
16
60
45
68
1
7
30
4
1
1
1
2
26
1
5
2
1
1
43
1
4
8
1
2
1
17
3
s
100
96
8
26
20
19
23
4
0
4
65
64
4
19
14
15
12
1
0
1
7
6
i:!
27 1,195
979
n
26
24
5
18
5
0
2
32
43
2
1
n0
0
0
0
n
0
1
Africa
South Africa
Other
73
55
18
38
30
8
37
29
8
n
Middle East
Israel
Saudi Arabia
Other
69
8
55
6
11
3
7
1
11
3
7
1
0
0
0
0
2,581
235
43
25
10
1,950
61
8
44
20
76
38
72
1,479
185
34
5
3
1,111
23
7
26
11
46
15
12
1,452
184
31
5
3
1,090
23
7
26
11
46
15
11
521
381
4,935
9
4,400
0
Asia and Pacific
Australia
Hona Kona
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Sinoaoore
.
Jl
Taiwan
Other
. O r
Unallocated
Addenda:
European Communities (12)
Eastern Europe
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
<3
35
25
10
58
5
48
5
D
( )
19
n
(D4)
D
( )
2
n
n3
1
n
1
0
1
37
1
1
n
n
8n
57
113
n
n1 n4
3
2
16
4
7
5
n
n2
n0 n2
8
0
0
0
(D)
n
<3
{n
2
0
2
44
2
1
1
2
i
0
n
n2
Sn
40
4
2
27 1,102
1
49
3
9
0
20
7
0
22
839
0
38
1
18
0
8
31
23
60
936
30
4
18
5
723
34
361
20
140
101
4
n
2
4,282
0
117
0
535
9
353
7
63
(D)
n
34
0
a
n
n
n
n
n
13
3
30
21
56
36
6
n
n
n
26
1
!•!
n
n
n
Unaffiliated
Affiliated
BroadBy U.S.
Indus- Books, casting
affiliates
and Frantrial records, recordchise Other
to
Total procand
their
of fees
esses tapes ing
foreign
live
parents
events
1,844
1,296
155
1,141
547
459
35
10
4
39
( )
56
38
26
12
18
9
5
2
n
1
112
1
6
13
16
8
1
7
2
5
D
( )
(D)
1,321
19
110
336
36
78
3
2
D
( )
237
425
(D)
951
13
72
227
9
69
2
1
11
207
329
9
88
3
13
17
6
7
1
1
1
9
28
2
862
10
59
209
4
62
370
6
38
109
27
9
1
320
5
33
100
25
5
25
8
3
14
1
2
1
1
2
n
n
fl27
30
n
n2
0
0
96
(D)
72
(D)
13
0
0
0
21
21
3
4
2
4
8
36
15
23
9
7
5
13
6
8
5
8
5
2
3
1
2
312
D
n0
n
(D)
(D)
n
(D)
<c
l
8
2
1
1
57
3
n
n
28
n0 n
n2 n3
0
0
n 5
0
n n
n0 2 n2
0
0
5
By U.S.
parents
to
Total
their
foreign
affiliates
Total
ii
198
300
7
21
9
12
0
5
14
4
10
0
1
1
1
1
16
4
0
0
0
0
4
12
3
9
359
244
29
215
116
97
4
1
3
n3
3
n
3
0
3
n
n
n
8
n
2
2
2
2
i-8'i
n6
2
2
n0
353
12
2
1
0
322
6
<•n]
0
n4
8
8n
0
n0
n0
240
8
1
29
4
1
1
217
5
n0
10
4
q
0
212
3
n0
0
207
1
i:!
n n
n4 n3
n1 n
0
n0 n0
113
4
1
n0
95
3
1
n0
n
7
n2
0
n
n
n0
8
0
n0
0
0
4
n
n
n
n
n
n0
3
1
n0
n n
0 n
0
0
0 n
0
0
6
0
1
1
0
4
2
'i
0
0
0
0
0
0
n
n0
0
0
0
0
0
n n
n0 n0
n0 3
n n0
n
n n
n2
2
n0
8
8
<l
0
0
0
0
0
0
0
0
0
0
0
0
0
88
n
n
n n 5
n0 n0 n
0
in:! n00 nn{n
0
0
0
n0 4
0
0
n n
n n 15
0
2
0
0
104
0
0
0
i:i
n
n
n0
0
14
!n:!
0
14
n0
n
n
n4
n4
1
2
3
2
1
1
3
1
34
72
41
5
36
31
25
1
n
0
4
(D)
1,018
1
724
1
77
0
648
1
294
1
248
23
0
8
0
2
0
12
<3
1
1
3
1
0
0
0
0
n
0
0
8n
n
96 o September 1992
SURVEY OF CURRENT BUSINESS
Table 4.3.—Royalties and License Fees, 1988
[Millions of dollars]
Payments
Receipts
Unaffiliated
Affiliated
By U.S.
parents
from
Total
their
foreign
affiliates
Total
All countries
Canada
Europe
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spam
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western
Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
11,802
9,156
8,893
By U.S.
Indus- Books,
affiliates
trial records,
from Total procand
their
esses tapes
foreign
parents
263 2,646 1,962
2,585
1,410
126
1,285 1,175
525
52
Other
451
4
143
D
28
111
60
8
9
18
16
273
48
23
25
225
11
5
( )
n
(D)
6,474
325
965
1,210
648
700
69
193
158
243
1,425
538
5,661
284
867
1,068
551
645
57
153
130
224
1,291
390
5,525
282
829
1,055
550
626
56
153
128
213
1,244
388
136
813
40
98
142
97
54
13
40
28
19
134
148
517
83
62
1
3
D
( )
2
5
2
3
5
2
D
( )
129
2
5
12
16
6
1,653
38
129
381
34
58
35
5
(D)
422
458
(D)
1,011
31
78
255
9
51
D
( )
82
2
6
7
5
6
929
29
71
248
4
45
D
( )
642
8
51
126
25
7
(D)
355
7
37
112
20
193
2
50
39
4
1
1
3
1
1
21
8
23
1
4
D
( )
2
2
42
37
82
73
73
40
10
26
19
14
67
78
13
230
304
(D)
1
23
22
7
207
282
(D)
(D)
193
155
11
316
272
23
25
135
17
70
44
22
22
228
187
17
7
116
3
44
40
(D)
(D)
219
186
17
7
115
3
44
33
(D)
(D)
9
2
0
88
84
6
18
20
15
26
4
(D)
D
( )
48
48
3
7
13
9
16
(*)
9
6
0
24
24
2
9
o
26
8
19
7
6
2
3,546
2,074
2,003
2
37
13
1
20
1
0
2
11
48
2
n
0
9
7
(*)
Middle East
Israel
Saudi Arabia
Other
55
13
36
6
d.
c
7
4
2
1
3,421
339
64
44
19
2,454
164
12
49
26
106
76
68
2,034
282
52
2
12
1,432
(D)
11
(D)
16
91
26
20
1,966
268
47
2
12
1,404
32
10
35
16
91
26
20
619
458
483
20
5,771
35
5,142
0
5,020
0
122
0
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
n
d.
1
n
71 1,472 1,225
32
23
g
362
BroadBooks, casting
and :ranecords, ecordchise
and
of fees
tapes ing
live
events
ndustrial
processes
707
33
24
9
Addenda:
European Communities (12)
Eastern Europe
135
Total
By U.S.
affiliates
to
Total
their
foreign
parents
735
70
53
16
Unallocated
46
By U.S.
parents
to
their
foreign
affiliates
Total
846
Africa
South Africa
Other
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Sinoaoore
Taiwan
Other
Broadcasting
and Franecord- chise Other
ing of fees
live
events
142
Unaffiliated
Affiliated
1
1
37
29
8
22
19
2
2
0
(*)
48
9
34
t
18
7
(D)
(D)
n3
6
6
n
n
1
n2
1
1
n
1
1
1
n0
n
n
n n2
n 1
n 3
40
12
3
3
R
n
1
1
0
n
1
1
n
n
R
68 1,388 1,185
13
58
31
5
12
6
41
40
0
c
0
6
883
28 1,022
D
D
107
( )
( )
0
7
(D)
4
10
c 15 13
46
50
44
47
0
36
6
12
4
n
c
161
111
6
r:
1
629
35
410
32
77
(D)
n
<q
n
1
26
1
0
1
n
n
n
0
r:
7
n
r:
c
n8
2
2
21
54
n1
1
n5
n4
n
12
n
n
n
0
4
4
0
12
5
0
0
0
0
5
8
1
6
0
7
1
n
n
R
n
9
90
D
( )
(
(
(
18
7
0
5
12
6
6
151
533
287
10
278
246
119
1
1
10
6
c
5
1
1
0
1
n4
4
4
0
4
2
1
27
n
n
n
n0
88
44
n
n flD
()
41
A
n1
27
1
1
1
114
13
2
1
79
(D)
<R
n2 r:
/5
<L
c.
1
11
n
r
4
4
0
r
r
524
(D)
J
R
0
(1
C
276
5
ri
238
(Dl
112
r!
n
ri
ri
c
26£
1
122
(D)
r;
r:
c
c
0
0
r:
c
na
n
r
275
1
R
1
0
4
10
2
n
1
P
( )
1
286
8
1
0
D
0
6
5
D
i
fl fl fl jj
4
6
1
0
1
1
{
n
'l
fl
D
( ) n 01 fl( )
( n n
R 0
n n 00
l
8n
108
0
r;
\ r:
0 n
t
41
101
45
4
41
56
40
50
0
n2
1,132
1
752
1
59
0
693
1
380
1
279
n
1
24
R
n
8
n
n0
n n 6
n0 n0 n0
R Rn
0
0
0
0
0
n0
Rn
0
6
5
1
0
0
0
0
0
0
0
0
2
(D)
1
(D)
n
0
0
0
0
0
0
0
0
0
0
0
0
0
0
n
n
n
c
0
0
n
0
0
0
1 D
D
1 (n
) n (m)
n c c n0
c
0
2
0
(DD)
()
r:
c
I
39
n
0
0
0
0
n
17
0
0
0
0
0
0
0
0
0
n
(D0)
0
0
0
0
n0
0
13
1
44
0
1
0
SURVEY OF CURRENT BUSINESS
September 1992
•
Table 4.4.—Royalties and License Fees, 1989
[Millions of dollars]
Payments
Receipts
Unaffiliated
Affiliated
Total
All countries
13,064 10,207
9,858
349 2,857 2,051
145
140
62
13
158
(D)
24
21
1
6
1
1
1
7
72
D
( )
882
(D)
91
134
100
58
36
34
69
33
158
(D)
530
34
52
77
68
37
32
20
53
23
81
53
78
24
5
2
1
2
3
1
18
8
5
2
2
2
1
1
1
1
(D)
2
107
3
12
22
3
5
1
5
8
5
32
10
13
3
0
1
1
0
2
10
3
8
101
98
6
24
31
12
25
4
55
54
3
14
18
6
14
1
0
1
8
8
1
1
11
9
Canada
1,043
903
828
75
Europe
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
7,038
366
1,072
1,252
695
712
95
234
198
289
1,536
589
6,157
(D)
981
1,119
595
654
59
200
130
256
1,378
(D)
r QOO
0,999
308
957
1,098
594
648
58
199
128
249
1,306
453
311
288
25
39
159
14
51
23
9
14
210
191
19
16
128
2
26
19
9
10
196
188
19
15
127
2
24
9
6
3
3,915
2,361
2,277
Africa
South Africa
Other
74
54
19
31
22
8
30
22
6
Middle East
Israel
Saudi Arabia
Other
35
10
16
10
6
3
2
1
5
2
2
1
n
0
3,805
422
94
29
32
2,568
215
19
49
28
131
120
99
2,325
351
77
3
21
1,524
40
16
41
16
120
80
37
2,241
314
70
3
21
1,492
40
14
36
16
119
80
37
756
576
559
17
180
115
6
6,215
15
5,579
0
5,435
0
145
0
636
15
378
12
70
Latin America and Other Western
Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
. .
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
n3
84 1,554 1,290
0
0
0
43
32
11
24
18
6
1
30
7
14
9
17
5
6
7
0
83 1,480 1,248
37
71
38
17
7
7
26
26
0
11
8
0
897
32 1,043
167
175
0
4
2
1
8
2
5
4
12
0
1
8
10
34
40
62
55
0
n
n
15
n3
2
1
2
<3
0
40
4
4
n
1
n
n0
35
9
2
n
n
20
1
n
n1
n1
n
n
By U.S.
parents
to
their
foreign
affiliates
Total
r
Total
Unaffiliated
Affiliated
Broadcasting
By U.S. By U.S.
IndusBooks,
parents affiliates
and Frantrial records, recordfrom
from Total procchise Other
and
their
their
fees
esses
tapes
foreign foreign
affiliates parents
events
Total
Broadcasting
By U.S.
Books,
Indusand Franaffiliates
trial records, recordOther
to
Total procand ing of chise
their
fees
esses
tapes
foreign
live
events
parents
2,602
1,778
146
1,632
824
612
58
57
2
95
91
43
20
23
48
8
7
(D)
n
(D)
1,269
33
111
248
10
119
1
75
2
11
9
2
6
47
(D)
59
169
29
11
(D)
433
10
51
137
22
8
(D)
5
1
1
0
2
2
0
5
3
(D)
D
( )
77
285
580
(D)
22
273
425
26
6
33
6
1,194
31
100
239
8
113
1
0
21
267
393
20
ceo
OD9
n
1,837
44
170
417
39
130
(D)
55
13
154
(D)
(D)
6
102
12
31
1
26
26
2
6
7
5
5
1
0
1
40
22
1
3
9
1
9
19
14
5
(D)
(D)
1
R
19
9
0
0
0
1
8
10
(D)
(D)
0
3
n
n0
n
n n
n n
(D6) 00
n
n0
n
n0
n0
0
0
0
0
66
148
515
124
2
2
13
8
5
n
n
n
n n
n n0
n
8
2
1
1
1
9
1
7
2
10
3
62
7
4
40
2
1
1
1
2
3
1
126
14
4
1
2
80
5
1
5
6
1
2
5
510
22
2
1
0
459
2
2
21
2
(D)
0
0
2
D
( )
0
4
55
121
60
8
1,396
3
966
1
69
0
50
n
p)
209
21
n n
n 41
8
0
0
0
0
11
1
1
0
0
0
n0
0
7
0
0
0
0
0
0
0
n
(D0)
1
4
2
n
n
n
87
0
402
n
(D)
(°)8
10
22
12
1
5
5
{
l
n
1
n
n
n
n
n8
n8
1
(D)
13
(D)
(D)
0
(D)
3
2
1
n
n
n0
1
1
(
3
D
()
11
1
n0
339
(D)
fl0
11
8
(D)
(D)
(D)
344
(D)
n
n0
0
0
0
0
1
1
«J
0
0
n
D
()
3
n0
0
5
n0
1
4
4
n0
D
4
4
0
0
343
8
(11)
120
(°)
8
n0
8
0
333
8n
1
120
D
( 0)
(D)
0
0
109
(D)
0
n
0
(D)
0
52
61
897
1
430
2
0
0
(D)
n n
n6
Fi
n
n2
n
n
n8
(D)
n
n0
2
0
0
0
0
0
0
0
0
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
1
0
n
n0
0
0
0
0
0
0
n
n0
n
n0
0
0
3
1
1
n0
0
1
0
0
n
n0
8n
n0
0
0
n0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(D)
1
2
25
4
1
1
n
n4
12
7
(D)
n0
2
n
fi
6
(D)
D
( )
(D)
(*)
0
n
n
n
n0
((D)
r!
0
0
10
<3
(D)
n0
(D0)
0
n0
44
2
n n
15
342
1
44
1
1
28
0
n
15
0
0
SURVEY OF CURRENT BUSINESS
September 1992
Table 4.5.—Royalties and License Fees, 1990
[Millions of dollars]
Receipts
Payments
Unaffiliated
Affiliated
By U.S.
parents
from
their
foreign
affiliates
Total
Total
All countries
16,470 13,081
12,705
376 3,389 2,452
164
79
223 1,023
(D)
(D)
38 125
31 170
4 145
17
71
0
13
0
38
5
61
10
36
85 168
D
(D)
( )
Canada
1,178
1,014
962
Europe
Belgium
France
Germany l
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
9,343
462
1,483
1,746
948
969
83
399
257
380
1,788
828
8,320
8,097
402
1,320
1,545
799
882
69
361
191
334
1,535
659
458
424
42
40
222
29
91
34
20
14
334
305
35
12
183
14
62
29
Latin America and Other Western
Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
.. .
D
•( )
1,358
1,576
803
899
69
361
196
344
1,620
(D)
8
325
304
35
11
182
14
62
22
(D)
(D)
4,581
2,759
2,686
Africa
South Africa
Other
71
52
19
31
22
c
Middle East
Israel
Saudi Arabia
Other
48
14
22
12
31
22
9
c
Other countries
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
2
c
52
8
1
0
1
1
0
n
5
2
r
r
i
n
4,462
452
119
27
27
2,945
338
21
65
29
167
187
87
2,722
378
(D)
(D)
11
1,752
55
21
144
122
(D)
2,650
372
85
(D)
11
1,715
58
17
55
21
144
122
(D
910
654
635
19
8,306
20
7,524
1
7,318
207
0
<1 )
R
265
1,931
937
715
52
43
3
124
( )
68
16
27
25
16
6
2
n
2
89
4
9
22
2
4
1
4
5
3
19
16
157
(D)
8
11
20
3
2
7
7
6
D
(D)
( )
2,241
(°)
223
435
(D)
221
(D)
2
97
293
710
184
(D)
25
27
1,429
30
139
244
19
195
1
0
31
260
475
33
628
15
59
164
40
12
(D)
2
64
27
183
(D)
484
15
54
133
29
9
(D)
1
62
19
111
(D)
36
39
0
68
n
1,613
(D)
164
271
(D)
209
1
0
33
266
526
40
13
10
33
32
2
14
8
4
5
1
0
1
53
(D)
2
4
(D)
25
14
2
2
3
10
8
2
2
3
15
5
0
0
28
(D)
n
n
n
n
n
n0
3
2
630
22
78
107
105
59
10
21
44
24
92
69
87
1
14
22
9
3
1
4
3
2
22
5
60
1
15
7
8
2
59
58
4
8
23
8
16
1
0
1
15
15
40
30
10
21
16
43
10
20
12
22
7
c
c
10
n6
4
2
3
n0
n
53
2
2
n
1
1
q
72 1,740 1,466
34
74
D6
6
(D)
21
(D)
11
c
15
36 1,193 1,028
D
249
(» ( L) c.
11
4
c
8
19
0
23
56
65
34
(D)
50
6
1
(*)
256
175
6
782
19
501
15
78
(;
n
n
34
r1
1
r:
n
n
4
3
Total
42
( )
8
Total
2,196
14
n
1
Broadcasting
By U.S.
Books,
ndusaffiliates
trial ecords, and Franto
Total proc- and ecord- chise Other
ing of fees
their
esses tapes
live
foreign
parents
events
By U.S.
parents
to
their
foreign
affiliates
3,133
34
*DLess than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
111 244
D
73 1,822 1,510
0
D
124
119
7
28
40
15
29
175
Unaffiliated
Affiliated
Broadcasting
By U.S.
ndusBooks,
affiliates
trial records, and Franfrom Total proc- and ecord- chise Other
their
ingof fees
esses tapes
foreign
live
events
parents
n1 n1
n1 41
1 4
n 4
n (
n (
D
D
407
D
n
n
11
(D)
n
11
5
6
(
il
0
n2
6
51
6
n
2
0
2
n0
5
9
5
4
n
2
(D)
n
fl
5
(°)
0
0
0
35
89
135
633
444
46
398
189
165
10
6
n
n0
0
0
0
n
n
n
0
0
0
8n
4
2
2
1
15
1
13
1
r:
r;
^
^
r:
0
n
2
2
1
n
n
n0
1
1
4
4
32
g
1
82
g
8
1
1
48
110
15
(DD)
629
35
1
443
29
46
25
c
6^
563
0
0
11
n
0
19
1
L
(:
°1
n1
c
0 r
,
(D)
n
(D) 18 n
55
(
76
n n
72
(
'l
(
rj
r
0
1
1
n
n
402
C
1
0
r
n0
1
0
0
0
n
2
0
0
398
4
0
185
6
1
162
4
0
391
2
0
161
142
(°)
r;
<3 n
(
,;|
n
r: C!1
0
0
0
c
(*!
c
136
71
c
62
65
46
1,778
c
1,292
•|
177
0
1,115
486
c
362
(D)
c
D
(
D1
c
D
()
()
n
1
1
1
n
n
2
28
1
n2
0
n
c
n
c
n0
n
r;
c
0
c
1
n
c
<•r]
c
n
33
r
n2
(D)
8
n1
n0 (D2)
0
0
n0 00 01
n 0 1
n 00 n4
n
n n
(D) 0 3
n
n0
0
n0
n
0
0
0
0
0
0
0
0
0
0
0
1 n
n 00
(*; 0
ri 00
c
0
0
0
1 n
n c
25
(D)
0
<Rn
0
(D5)
(D)
18
n
n
n
n
n
n0
18
1
n0
0
0
0
0
0
0
0
0
0
0
0
8
t
15
n0 n0
(0
i
0
n
n
29
(°)
n0
0
16
n
n0
0
61
n
September 1992 • 99
SURVEY OF CURRENT BUSINESS
Table 4.6.—Royalties and License Fees, 1991
[Millions of dollars]
Receipts
Payments
Unaffiliated
Affiliated
Total
All countries
Canada
By U.S.
parents
from
Total
their
foreign
affiliates
17,799 14,014
13,500
BroadBy U.S.
Indus- Books, casting
affiliates
and Frantrial records, recordfrom Total procchise Other
and
their
of fees
esses tapes ing
foreign
live
parents
events
514 3,785 2,586
69
154
182
D
62
39
3
142
n
1
97
( )
39
( )
93
72
16
56
21
11
5
2
127
11
8
34
2
2
1
3
11
3
27
25
197
3
13
15
25
6
1
11
6
(D)
32
(D)
2,834
49
226
492
60
289
(D)
88
2
6
20
7
3
0
1
4
3
39
1
1,920
30
145
240
11
269
1
0
52
337
812
23
826
18
75
231
42
17
(D)
657
17
70
192
38
13
(D)
47
24
184
379
1,048
(D)
2,007
32
151
261
18
273
1
1
56
340
851
24
128
39
197
(D)
126
22
104
(D)
41
81
80
7
8
27
16
22
1
16
15
1
1
28
23
1
1
13
2
6
6
40
38
5
12
8
6
7
2
0
2
50
27
34
(D)
2
1
33
(D)
0
16
(D)
1
1
17
2
C
?!
(C
n
(DD)
()
n
n0
n0
2,910
2,796
Africa
South Africa
Other
95
62
33
39
28
11
39
28
11
0
0
0
Middle East
Israel
Saudi Arabia
Other
51
19
19
13
9
6
2
1
9
6
2
1
n0
n0
4,875
394
155
17
41
3,352
341
29
42
39
202
168
94
2,861
319
130
3
(D)
1,888
95
24
34
27
176
99
(D)
2,748
313
114
3
(D)
1,815
78
24
34
26
175
99
(D)
929
701
675
26
228
143
6
n0
n
n
n1
n
(D)
8,951
19
8,079
5
7,827
5
253
0
872
14
476
8
70
112
19
1
n
0
0
n
18
D
( )
(D)
166
157
14
28
52
25
38
9
1
8
n1
n6
4
1
3
<3
n
n
8
8
0
0
0
n
D
n
n
<i
24
(D)
(D)
0
6
D
( )
4
(D)
n
n
0
n1
n1
8( )
187
44
25
119
198
839
652
72
580
56
34
22
35
22
13
2
2
3
2
1
16
8
8
n
n
n
0
0
0
0
0
0
0
0
0
41
13
17
12
25
9
7
10
n
n
n
n
6
2
3
1
9
1
7
1
5
4
n
n
n0
n
0
0
0
0
111
9
12
173
20
6
833
(D)
652
72
i
8
<3
(D)
<r!0
n
n
4
i
()
n1
0
0
114 2,014 1,664
6
75
36
16
25
6
14
15
0
D
0
20
( )
73 1,464 1,244
17
246
228
2
5
0
1
8
0
1
12
2
26
21
68
57
D
0
33
( )
8
n
1
1
0
n
41
4
1
n2
26
3
n
n1
1
3
n
n
0
0
0
25
6
n
n0 n2
17
n
fl
n1
(
3
D0
580
3
0
n0
n
i
n 8n
0
6
D
( )
4
(D)
1,724
114 2,111
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
881
143
1
16
9
9
3
1
3
1
(D)
71
(D)
5,021
Addenda:
European Communities (12)
Eastern Europe
2,674 1,127
11
435
415
40
6
257
36
76
20
(D)
(D)
Unallocated
183
77
1
11
24
8
2
1
5
2
2
17
5
455
416
40
6
257
36
76
38
21
18
Asia and Pacific
Australia
Mono
Kona
uny ixui|
y
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
2,857
67
621
574
54
34
310
61
114
47
21
26
Other countries
3,984
569
28
96
98
71
37
14
26
28
17
106
49
8,613
362
1,295
1,709
838
986
63
389
191
361
1,594
824
Latin America and Other Western
Hemisphere
South and Central America
Argentina ...
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
537
BroadBy U.S.
Indus- Books, casting
and Franaffiliates
trial records, recordto
Total procchise Other
and
their
of fees
esses tapes ing
foreign
live
parents
events
165
1,050
8,899
380
1,318
1,763
841
1,031
64
389
197
388
1,701
828
981
326
By U.S.
parents
to
Total
their
foreign
affiliates
Total
286 1,114
18
45
144
23
54
180
114
3
45
50
1
17
0
48
6
48
26
51
252
106
4
165
1,215
10,013
425
1,462
1,943
955
1,081
81
437
245
439
1,953
993
Europe
Belgium
France
Germany l
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Unaffiliated
Affiliated
6
n n
n 0
n n
n0
n
n
n0
5
4
4
4
0
0
181
3
1
150
1
n
<3
n
n
n
n
D
n
n
n
n0
(D)
n
n
n0
n
n0
n
n0
n
n0
12
(D)
168
92
6
86
76
54
104
1
110
5
2,190
3
80
0
1,517
1
593
2
448
1
1
'<n•!
155
750
4
1,597
n
0
0
112
9
1
5
8
1
3
D
( )
(
8
0
0
D
65
6
2
2
1
3
4
3
575
2
n1
1
2
n
n
148
n0
0
0
n
n
n
0
5
n
n0
3
n1 00 n3
D
2
n ()
n 00 23
n
n 00 n
n 0 n
6
13
0
10
38
5
0
0
0
0
0
0
0
0
0
0
(D)
n
n n
n
n0
n
n
n0
0
0
0
(D) n
0
0
0
0
0
0
n
n0
0
0
0
0
0
0
n
n
n
fl
8
(D)
n
n0
1
n
n
( ) n0 (D)
n
0
0
n0
0
0
D
0
4
0
0
0
46
17
1
81
1
D
n n ()
n0 0 00 n
n
n
n 0 00 0
n0 n0 0 n0
1 n 0 (D)
n 0 0 n
(D) (D) 2 (D)
n
n n
SURVEY OF CURRENT BUSINESS
1OO • September 1992
Table 5.1.-Other Private Services, 1986
[Millions of dollars]
Affiliated
D
Total
Total
Addendum
IJnaffiliate j
D
D
U.S. par- U.S. affilients and ates and
their for- their foreign affili- eign parates
ents
Total
Education
Financial
Insurance
ices
Premiums
Net
.
Teleprofescomsional,
and
techmunicanical
servtions
Losses
ices
Other
services
Film
and
tape
rentals
Receipts
All countries
27,312
8,183
5,375
2,808
19,129
3,495
3,301
4,414
2,444
1,827
4,428
4,108
Canada
3,678
1,620
1,130
490
2,058
164
195
687
1,551
864
D
( )
325
(D)
111
Europe
7,802
3,383
2,485
898
4,419
413
1,259
394
1,064
670
653
954
746
646
7693
6496
338
732
1 136
456
610
2528
696
1,197
109
3378
3004
162
328
620
148
373
1 069
305
374
5
2484
894
808
10
110
328
22
61
238
39
86
4
4315
402
287
8
41
50
22
15
64
87
115
12
1 243
394
348
36
26
40
35
13
181
18
46
1 062
3492
176
404
516
308
237
1 459
391
823
104
967
82
93
115
64
26
517
70
95
2
668
619
46
68
75
29
14
336
52
49
2
645
537
21
77
(»)
66
33
163
H
108
8
944
777
47
100
131
49
110
233
105
167
9
686
563
21
98
108
24
139
(D)
123
60
646
614
12
109
80
107
163
113
30
32
(*)
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of ..
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other . .
. . .
.
International organizations and unallocated
2196
152
219
292
125
312
830
266
288
1
981
43
62
77
28
43
679
49
263
15
1,970
(D)
1,071
4,165
564
484
85
3,600
476
947
195
348
153
356
701
925
77
3,255
889
290
2,077
914
322
297
735
185
71
265
642
795
5
0
19
60
381
66
12
219
187
2,933
818
277
1,838
667
114
71
13
239
247
25
58
69
253
95
170
28
537
212
20
2
93
80
43
7
135
162
24
6
41
82
(D)
38
(D)
91
245
123
275
59
(D)
18
(D)
130
77
14
6
57
9,615
2,486
202
750
1 533
1,336
7,129
695
-6
652
49
757
64
588
105
1,980
337
2,058
4734
814
47
294
473
522
2
541
793
2,440
42
147
1,452
539
2,808
6267
2,055
130
130
1,150
201
209
740
2251
58
1,240
154
87
1,925
133
(D)
1 143
677
(D)
109
(D)
(D)
468
(D)
3,253
1,253
(D)
114
723
237
110
88
39
Payments
All countries
13,901
3,875
2,351
1,524
10,026
433
1,769
Canada
1,605
676
235
441
929
4
45
197
362
165
Europe
5,552
1,907
1,154
754
3,645
307
1,201
636
3,442
5,492
4,791
144
652
562
259
183
2707
285
702
60
1,907
1,555
1,154
1,040
754
515
299
277
1,201
1,114
640
631
69
402
216
42
97
656
73
353
(*)
53
354
120
30
20
429
34
114
15
48
96
13
77
227
39
239
0
3,585
3,236
75
250
346
217
86
212
349
60
3
52
23
32
2
119
46
23
8
14
26
133
12
16
910
3
87
-4
30
-63
-3
-1
664
8
9
-4
3,439
2,962
33
124
541
23
10
2 194
37
477
3
3,456
373
286
87
3,083
75
33
1,324
3,075
1,751
1,463
73
16
2
54
300
54
12
1
41
232
19
4
1
13
69
1,390
63
34
0
28
13
-40
-6
-2
-33
33
1 364
39
2
3
34
3,036
2,872
(D)
1,519
(D)
857
(D)
611
242
(D)
119
2,015
(D)
616
28
492
96
(D)
1,055
47
3
10
34
482
8
425
49
39
-6
51
-6
415
61
61
7
6
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of .
Italy
.
..
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe .
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other
International organizations and unallocated
* Less than $500,000.
Supressed to avoid disclosure of data of individual companies.
D
937
43
483
1,993
2051
921
41
429
1,693
53
908
354
2,201
7,217
5,016
1,117
88
D
( )
16
453
102
44
442
369
100
78
37
97
(°)
106
26
191
(D)
136
43
18
35
50
56
34
148
28
73
11
7
10
D
( )
13
9
20
D
( )
22
2
44
24
0
( )
272
2,806
946
2,799
2,331
37
94
603
26
11
1 531
29
469
6
903
767
D
2
3
8
9
0
20
920
64
667
12
64
54
1
9
0
592
(D)
8
(*)
1,672
712
(D)
37
(D)
208
(D)
75
8
4
328
12
250
66
289
18
199
71
969
(D)
188
(D)
346
10
215
121
132
(D)
19
(D)
16
1
3
12
11
6
(D)
119
(D)
79
7
4
67
SURVEY OF CURRENT BUSINESS
September 1992 • 1O1
Table 5.2.—Other Private Services, 1987
[Millions of dollars]
Total
Total
Addendum
Unaffiliate d
Affiliated
D
D
D
U.S. parents and
U.S. affiliates and
eign affiliates
eign parents
5,340
2,836
thpir fnr
Total
Educa-
Financial
ices
Telecom-
Insurance
Net
Premiums
Losses
tions
.
professional,
and fprh
nical services
Other
services
Film
and
tape
rentals
Receipts
All countries
28,869
8,176
20,694
3,821
3,731
2,295
4,832
2,537
2,111
D
4,280
4,456
D
Canada
3,731
1,455
1,123
331
2,276
178
220
728
1,622
895
( )
394
Europe
9266
3880
2661
1 219
5386
464
1 783
529
1 164
635
763
981
9,157
7748
262
891
1 263
438
639
3390
867
1 410
109
3,876
3357
111
406
658
130
389
2,660
2424
106
260
347
112
328
917
354
?36
1
1,216
933
5,281
4391
451
325
1,772
1 470
529
499
1,163
1 062
634
563
755
623
969
791
805
683
52
87
84
31
63
39
302
11
18
34
58
18
19
339
12
31
0
42
118
119
88
32
593
71
103
1
24
84
61
70
14
253
59
72
1
22
96
(D)
72
31
208
453
891
105
9
46
58
26
17
72
97
126
13
20
92
158
45
85
269
121
178
12
30
130
(D)
116
35
139
(D)
122
61
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
1 114
(D)
132
8
547
442
105
3,454
494
637
210
359
149
407
728
978
81
361
83
7
271
186
318
79
7
232
124
43
4
1
38
62
2740
758
275
1 707
713
389
61
52
276
105
421
97
31
293
216
95
36
3
55
114
180
56
7
117
178
85
20
4
62
64
325
674
221
131
322
54
836
(D)
20
(D)
142
79
14
7
58
2
9,653
504
3,019
6,130
2,172
991
143
215
633
7,481
2,685
46
182
2,457
780
26
707
47
1,482
171
702
35
543
124
628
46
160
422
1,627
42
541
434
1 066
744
95
128
521
233
73
105
55
2,220
123
123
74
49
205
156
(D)
547
(D)
16
17,172
5,200
2,893
2,307
11,972
452
2,077
3,241
8,538
5,297
3,736
1,319
1,147
52
1,847
745
174
571
1,102
5
79
237
505
268
(D)
326
(D)
2
7,544
2,902
1,657
1,245
4,642
306
1,222
1,397
4,051
2,654
1,122
498
97
36
7,481
6,486
1,657
1,489
1245
296
272
4
55
24
36
2
101
50
24
10
1 401
4051
1282
3458
27
169
549
33
19
-97
119
-3
494
430
4
30
92
70
14
199
23
64
4
96
80
4
9
D
( )
10
(D)
19
6
16
1
36
25
42
592
1
2650
2,176
39
146
365
24
11
1,452
138
474
4
1,070
1,163
42
483
355
38
22
536
13
168
4,579
4,137
50
281
740
254
111
2,565
139
442
64
1222
860
18
96
248
19
162
295
22
385
(*)
1,611
3,597
1,986
1,064
75
10
9
55
1 911
899
. . .
2141
667
633
8
126
77
101
151
101
70
34
4,001
1,978
International organizations and unallocated
414
519
4
151
485
605
308
250
98
667
3101
841
282
Other countries
Australia . .. .
Japan
Other
1249
5
147
311
18
62
332
58
283
3
( )
1,095
150
839
1,183
1,181
6
624
551
354
2180
4947
2,097
1,017
61
1250
(D)
38
H
82
99
462
Payments
All countries
Canada .
. .
Europe
Western Europe
,
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of . . . .
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
311
295
3395
176
995
64
2902
2,349
59
579
603
57
184
830
37
553
0
Latin America and Other Western Hemisphere .. .
3,971
381
276
106
3,590
86
1,731
1 061
52
17
2
33
223
36
3
1
32
70
1,643
1 041
2241
88
20
3
65
293
1 948
72
39
0
M
14
49
1 659
28
2
1
24
3570
3,321
1,095
42
901
152
710
21
604
85
385
21
297
67
2,226
102
993
1,131
55
4
11
40
714
20
616
78
-22
-2
9
-29
348
8
292
48
370
10
283
77
1,089
144
77
77
13
17
37
20
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
. . . .
Other countries
Australia
Japan
Other
International organizations and unallocated
* Less than $500,000.
D
Supressed to avoid disclosure of data of individual companies.
109
860
1 343
40
630
1 894
1283
489
37
565
412
22
44
182
7
33
854
21
59
(*)
49
-12
23
184
9
9
1 167
-47
-8
-9
-31
2619
910
28
120
(D)
122
(D)
225
136
160
52
2
2
7
14
11
89
691
1
85
67
4
14
4
616
(D)
1
(D)
75
1
252
18
122
112
138
18
17
103
13
44
218
827
(D)
154
(D)
917
(D)
38
H
147
0
13
SURVEY OF CURRENT BUSINESS
1O2 • September
Table 5,3.—Other Private Services, 1988
[Millions of dollars]
Affiliated
D h
Total
Total
Adden-
IJnaffiliate j
D
D
U.S. parents and
U.S. affiliates and
eign affiliates
eign parents
Total
Educa-
Financial
ices
Insurance
Premiums
Net
Losses
.
Telecom-
professional,
tions
nical services
Other
services
Film
and
tape
rentals
Receipts
All countries
1,098
30,835
9,123
6,363
2,760
21,712
4,142
3,831
1,509
4,805
3,296
2,196
5,426
4,608
Canada
3,780
1,646
1,197
449
2,134
188
187
536
1,721
1,185
277
455
491
87
Europe
10,043
4,765
3,426
1,339
5,278
525
1,555
103
1,138
1,035
822
1,348
925
698
9,910
8464
4,761
4,208
811
688
26
107
(D)
66
(D)
212
101
123
12
856
723
43
135
(D)
113
134
45
113
144
78
29
532
66
131
2
941
34
121
166
71
20
481
49
90
3
1,324
1,134
36
65
70
25
42
995
42
267
13
105
64
11
-8
22
7
9
51
17
41
_-j
1,031
454
553
4
511
372
11
54
69
29
20
79
110
139
14
1,136
1,005
16
79
368
25
89
489
20
250
3
5,149
4,256
180
471
595
319
227
1 961
508
893
130
1,542
1,275
176
367
704
162
517
3,425
3,122
160
288
336
137
428
1 338
435
303
1
1,336
1,086
356
838
166
104
133
69
697
650
21
116
75
107
176
96
59
47
1
4,248
657
509
148
3,591
535
902
24
322
298
400
691
1,039
51
3519
469
391
79
720
101
177
75
315
623
872
109
8
352
187
96
7
288
118
14
1
64
69
3050
747
231
2,072
541
419
856
239
2424
728
74
43
302
116
96
30
594
182
14
4
83
-77
32
7
138
145
18
3
54
222
(D)
199
114
310
68
(D)
18
(D)
167
50
8
5
37
1
10,389
562
3,502
6328
1,966
1,143
2,894
51
239
2,604
828
36
716
77
1,589
198
762
28
612
122
658
53
167
439
2,127
143
272
728
8,423
399
2,657
5,369
1,134
163
845
959
824
19
572
233
1,211
782
108
149
525
222
82
95
45
2,375
89
89
38
805
1,372
39
49
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other
International organizations and unallocated
1 299
481
744
3789
962
1 446
1 828
2,286
38
583
513
64
1,327
53
18
35
17
22
(D)
85
53
118
200
79
90
458
134
190
23
113
803
H
Payments
All countries
18,365
5,853
3,271
2,582
12,512
539
1,656
2,628
8,954
6,326
4,576
1,848
1,264
Canada
2,594
1,022
171
851
1,572
6
66
553
1,033
480
348
366
233
2
Europe
7,526
3,059
1,863
1,195
4,467
375
926
885
3,585
2,701
1,410
773
98
20
7449
3059
2477
64
540
587
78
147
1 863
1 672
1 195
97
76
20
16
Western Europe
European Communities (12)
Belgium-Luxembourg
France
.
Germany Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere . . . .
Other countries
Australia
Japan
Other
International organizations and unallocated
* Less than $500,000.
D
Supressed to avoid disclosure of data of individual companies.
6313
128
864
1 146
333
289
3192
1002
805
14
127
197
18
114
301
34
390
0
4390
3836
64
324
559
255
142
2,190
307
552
78
363
337
5
58
25
40
2
150
57
26
12
926
870
25
37
79
8
43
657
21
56
889
712
14
-15
16
2
1
736
-14
177
-4
3585
26
146
492
26
16
2,270
36
571
0
2696
2302
40
161
476
25
15
1,535
50
394
4
1,345
1 164
49
413
389
61
33
701
26
191
(D)
151
(D)
140
(D)
315
168
181
65
770
677
4
84
124
54
39
309
67
91
4
9
(D)
11
(°)
23
8
21
1
43
1,202
4,002
2,799
1,283
88
724
-23
-6
-6
-11
50
7
6
37
2,749
1,115
88
70
3
15
0
637
(D)
4
(D)
87
3014
(D)
78
59
582
0
3,827
392
259
134
3,435
95
1,983
1 243
86
22
44
16
1
27
215
42
6
(D)
M
92
1,897
1 221
1,538
80
44
0
36
15
43
1,226
27
1
0
26
3,975
402
25
232
145
2,547
133
1,108
1,307
64
5
12
47
607
23
526
58
-19
2
41
-60
311
11
299
2
330
9
259
62
1,327
66
271
991
397
7
237
151
171
30
21
120
14
7
23
15
209
225
39
366
1,134
D
( )
H
(D)
h
1 844
306
3,845
187
2,053
1 606
1,298
54
945
299
896
29
713
154
577
83
83
27
650
494
(D)
26
(D)
167
1
6
8
2
4
28
4
24
September 1992 • 103
SURVEY OF CURRENT BUSINESS
Table 5.4.—Other Private Services, 1989
[Millions of dollars]
Affiliated
D
Total
Total
Unaffiliate d
AddenD
D
U.S. parents and
U.S. affiliates and
eign affiliates
eign parents
8,363
3,179
Total
Educa-
Insurancei
Financial
ices
Telecom-
Net
Premiums
Losses
tions
professional,
nical services
Other
services
Film
and
tape
rentals
Receipts
All countries
Canada
Europe .
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other
36,711
11,542
4967
4,575
5,036
1,572
5,259
3,687
2,519
6,152
5,315
1,690
2251
1 679
572
2716
210
230
1 898
1 050
313
514
601
132
12,484
6,233
4722
1 511
6,251
610
2098
-115
983
1 098
911
1,494
1,253
1 115
12,290
10733
401
1 154
1,591
565
910
6,224
5724
176
504
827
175
682
4715
1 509
1 265
6,066
5009
225
650
764
390
228
983
895
74
100
142
65
16
443
55
88
1
1 131
889
773
28
105
(D)
83
39
288
(D)
116
23
1,477
1 273
1,181
1 020
2614
2077
1 614
53
85
85
28
46
1 269
48
462
22
-148
4811
591
427
13
66
79
33
22
88
127
164
20
82
207
250
67
90
437
140
203
17
42
177
(D)
171
32
260
P)
161
72
1 114
1 043
28
131
141
170
230
252
91
71
1
-215
195
746
500
9
4459
159
341
469
154
622
1 998
716
256
7
4,700
698
557
141
4,002
581
938
4095
503
(D)
431
142
6
283
126
73
(D)
1
(D)
69
3592
1 044
233
452
79
37
337
129
688
82
27
579
250
1,330
955
40
753
162
3,174
1,728
21
327
2826
43
550
7463
2,285
190
1 110
985
2,527
76
76
19,137
7,150
4,022
3,128
2,801
1,282
385
898
7,190
3,738
2,120
1,618
7,097
6448
193
964
1 206
429
511
2,718
428
649
94
3,737
3333
115
669
807
113
389
1 168
72
404
1
2120
4,173
555
385
2274
1,404
32
837
1,900
122
37
4
81
434
4,389
216
2339
1 835
1 300
1 556
(D)
240
(D)
606
12,034
560
4012
International organizations and unallocated
25,169
(D)
194
150
358
822
18
163
359
20
60
616
29
244
2
2197
554
1 056
186
2315
412
9749
370
2902
6478
2,451
848
98
7
10
16
8
-1
-144
6
-50
33
993
67
90
126
57
17
587
49
138
-32
388
602
449
1,150
1,099
63
237
42
10
185
150
150
23
9
117
452
363
(D)
y
(D)
86
1 073
469
121
483
77
928
(D)
22
(D)
172
61
13
8
40
2
1,068
1 887
1 582
1 135
-4
970
102
262
818
46
612
160
809
56
245
510
2,088
122
637
1 329
882
133
173
576
318
104
144
69
42
-15
103
118
37
906
1,481
63
1 379
54
88
19
1
68
-302
42
Payments
All countries
Canada
Europe
....
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other ..
Other Western Hemisphere
Other countries
Australia
Japan
Other
International organizations and unallocated
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
587
586
2056
823
9909
9086
6
97
404
906
501
389
363
261
3
3,452
417
1,155
-607
3,973
4580
1,540
800
147
47
1 617
1 313
3360
1 155
1 089
-602
-396
(D)
356
245
93
-4
43
834
5
46
158
315
166
51
364
186
179
(D)
793
637
15
47
103
56
14
338
64
156
7
(D)
78
295
399
316
122
3973
3345
35
193
476
37
22
2547
35
628
(*)
4575
24
207
331
27
234
457
33
304
1
403
375
6
66
26
45
4
159
69
29
14
125
5
17
18
16
16
44
9
21
(D)
47
46
2
4
2
3
11
24
1
1
0
171
3,618
100
63
1,060
4,581
3,521
1,539
114
742
0
64
29
1
34
321
58
8
2
48
113
2152
n
-56
3
-6
-47
63
38
3
1
34
4543
95
6
7
81
3427
1 358
1,466
86
44
0
42
14
109
90
2
16
5
655
(D)
4
(D)
87
o
o
0
o
o
1,489
1,047
242
61
826
160
442
16
344
82
2,900
139
1 169
1 593
64
6
13
45
730
27
619
84
-28
9
5
-41
442
23
358
61
470
15
353
102
1,469
77
1 131
480
13
239
228
186
8
31
147
4
2
1
1
85
85
13
-5
8
13
235
215
44
0
1 170
2020
91
462
476
85
155
711
40
100
11 987
1 519
3115
1 550
1 367
28
756
502
24
59
86
35
49
798
38
66
0
0
0
(*)
-18
-52
-151
-2
-12
-153
10
-206
1,116
3741
52
245
627
39
34
2701
5172
1 286
(D)
28
(D)
181
76
262
1,971
1O4 • September 1992
SURVEY OF CURRENT BUSINESS
Table 5.5.—Other Private Services, 1990
[Millions of dollars]
IJnaffiliateci
Affiliated
D *
Total
Total
AddenD
Rotwppn
U.S. par- U.S. affilients and ates and
Total
Educatinn
Financial
eign affiliates
eign parents
4,040
26,859
5,127
4,338
439
3333
245
247
ices
Insurance
Premiums
Net
Losses
.
Telecom-
professional,
tions
nical services
Other
services
Film
and
tape
rentals
Receipts
All countries
Canada
Europe
.
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other
40,166
13,307
9,267
5,726
2393
1 955
12,938
6,970
4,956
2,014
5,968
700
12740
10762
409
1 250
1,778
605
1 086
4,198
1 437
1 978
196
6967
6255
205
614
943
213
749
2,685
846
712
3
4955
2012
4615
1 641
5773
4507
204
636
835
392
337
1,513
591
1 266
193
1 971
5,766
3,932
2,660
6,787
1 339
2505
1 166
(D)
420
(D)
214
1,496
-426
1,116
1,542
942
1 828
1,428
1 329
669
470
13
77
90
35
25
98
133
200
31
1 471
1 023
-427
-427
1 114
1 541
1 413
(D\
1 797
1 504
1 178
(D)
IS?
(D)
120
194
296
96
127
550
121
293
31
43
201
223
155
(D)
?7S
(D)
173
(D)
1 327
1 251
27
157
167
142
365
233
159
76
2
51
79
74
30
62
667
59
449
25
-51
-20
-13
/*)
12
-328
-27
o
-1
987
83
128
128
71
30
489
58
127
2
134
148
141
71
18
818
83
127
2
760
27
105
165
76
(D)
?y
(D)
6,112
5,074
697
486
212
4,377
648
885
154
428
274
516
963
1,211
102
3989
1 184
290
437
135
13
289
260
326
115
11
200
160
112
21
2
89
100
3552
1 049
277
2226
824
504
92
37
375
144
592
129
40
424
293
109
-20
6
123
45
268
44
14
210
160
160
64
7
89
114
418
(D)
1 033
98
896
388
143
365
66
178
98
33
9
57
4
3,158
1,782
1,376
10,293
375
2,754
7,164
3,534
23
427
3,085
1,640
1,140
675
-18
584
109
1,582
199
298
907
67
651
189
885
59
234
592
2,568
114
830
1,624
991
153
224
614
403
120
202
82
71
93
136
43
(D)
1,008
(D)
60
69
2515
1,084
13,451
574
4,212
8,665
International organizations and unallocated
769
340
1
40
234
412
43
118
715
79
371
2
164
380
530
170
631
2,108
1,834
48
44
455
49
VR
(D\
(°)
24
(D\
1,458
1,501
151
381
1,077
1,250
251
2,978
89
89
22,522
8,702
4,910
3,792
13,821
658
2,342
1,845
10,147
8,302
5,500
1,990
1,486
2,836
1,540
540
1,000
1,296
6
111
226
818
592
315
359
280
3
8,678
4,441
2,619
1,821
4,237
478
1,364
-71
4,368
4,439
1,596
705
165
59
8,571
7,602
4,440
3,991
(D)
791
924
177
455
2619
1 820
1,484
4,131
3,611
1,364
1,241
-65
29
83
138
54
67
833
37
123
0
-27
19
-57
-5
-6
-26
-4
79
-6
4,368
3,630
30
274
497
43
16
2,728
42
738
0
4433
3,775
57
294
553
48
22
2755
46
659
6
(D)
416
520
105
462
428
7
76
28
53
6
174
84
34
16
45
149
378
162
59
332
197
183
(D)
703
625
10
49
100
27
26
323
90
78
2
(D)
140
5
21
17
15
24
46
12
24
(D)
58
57
1
6
1
3
20
25
0
2
0
1,518
4,360
2,841
1,761
127
782
1
61
5
4
52
2,780
1 552
124
103
D
21
2
694
(D)
4
o
88
o
1,639
1 253
550
29
299
222
209
8
36
165
6
4
1
1
189
250
51
1
2,889
1,235
Payments
All countries
Canada
Europe
.
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany *
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
japan
Other
International organizations and unallocated
D
( )
1 150
1,529
482
631
3,102
1420
2,508
109
541
606
129
204
850
69
111
D
( )
250
317
48
250
570
1,682
(D)
969
106
(D)
449
1
5,054
684
424
260
4,370
107
76
2559
119
(D)
6
59
93
50
1
42
14
10
10
5
(D)
200
2440
1 568
35
1 044
1 929
66
1,550
30
3
2
25
4,330
710
31
468
211
3,396
163
1 477
1 756
68
10
14
45
780
32
644
104
151
23
160
-32
573
41
459
73
422
18
299
105
11
20
29
8
(D)
(D)
2493
564
60
24
1
35
364
5,309
312
2834
1,913
1,203
149
119
889
195
(D)
41
2163
644
1,357
407
123
(D)
336
1
(D)
123
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
D
69
359
605
305
176
-144
521
0
0
32
-2
-2
-27
1,321
(D)
33
(D)
209
61
325
(D)
1
0
1
SURVEY OF CURRENT BUSINESS
September 1992 • 1O5
Table 5.6.—Other Private Services, 1991
[Millions of dollars]
Total
Total
Addendum
Jnaffiliate d
Affiliated
_
_
D
U.S. par- U.S. affilients and ates and
thpir for
eign affiliates
eign parents
9,614
5,025
Total
Educatinn
Financial
Insurance
cprw-
ices
Net
Premiums
.
profesTelecomsional,
munica* and tech*
servLosses tions nicalices
Other
services
Film
and
tape
rentals
Receipts
All countries
46,444
14,639
31,805
5,752
4,689
2,063
6,169
4,106
2,794
D
2,021
10,403
6,104
181
Canada
5,955
2351
1 909
442
3604
271
307
1230
2,440
1210
( )
840
(D)
Europe
15,731
7,460
4,957
2,503
8,271
804
1,691
-183
1,124
1,308
961
3,470
1,528
1,338
15471
13,048
7455
6,589
282
726
1 026
230
787
2568
970
866
5
4954
4,581
265
470
443
166
619
1 722
896
373
3
2501
8016
1 662
1,172
-182
-148
1 304
1,144
930
(D)
33
117
(D)
H
3405
1 447
6,459
247
872
884
504
342
256
754
536
14
86
98
38
29
107
164
218
50
1 121
2,008
17
256
583
64
169
847
72
493
2
(D\
1 334
1,250
33
160
175
124
344
262
153
84
4
4,975
681
920
1,300
1,278
100
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany l
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
.
Latin America and Other Western Hemisphere . .
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other
529
1 598
1 910
734
1 129
4880
1 636
2423
261
6,081
4681
1 199
403
2683
1 401
16418
652
International organizations and unallocated
1,106
643
149
37
457
463
3620
154
654
452
2312
666
1 557
252
24
14
214
200
4038
1 050
366
2226
938
530
98
42
390
152
1 991
1,628
138
444
1209
12798
498
3499
3,996
26
533
3437
391
125
24
242
264
5152
1653
10614
1 813
1 409
2,262
103
103
17
402
8801
2,159
53
94
70
38
80
716
121
490
29
605
117
33
455
315
-7
-34
_1
996
99
110
110
55
26
547
49
125
3
216
489
273
580
291
52
14
225
199
124
27
5
92
150
464
1 138
1 134
(D)
116
479
218
441
162
(D)
27
(D)
144
95
22
12
61
5
1 282
4409
242
1 502
2665
981
128
206
647
383
85
200
99
(D)
19
-9
3
44
7
11
-197
167
25
9
133
49
108
107
66
48
15
744
56
159
4
y
224
114
172
(D)
37
(D)
2881
107
374
586
186
183
1 153
292
524
66
1 230
711
-2
597
116
324
208
991
52
233
706
62
88
122
34
(D)
385
1710
52
428
1993
41
1628
43
1 031
(D)
49
198
(D)
P
108
309
204
187
Payments
All countries
25,154
9,570
5,163
4,407
15585
737
2430
2,639
11,428
8,789
5563
2,642
Canada
3,034
1,406
519
887
1,628
6
138
580
1,003
422
(D)
340
Europe
11,142
5,228
2,859
2,369
5,914
540
1,422
914
4,686
3,772
1,741
11 004
9622
2859
2737
155
537
750
169
231
816
79
122
2368
1 928
31
329
368
80
312
778
30
440
1
5777
4957
141
328
748
324
193
2788
435
822
137
523
485
8
86
33
59
6
198
95
38
18
1 422
1 317
920
596
-8
69
3
7
628
3
324
-6
4686
3867
30
355
600
40
22
2766
54
819
(*)
3766
138
5227
4665
185
865
1 118
249
543
1,593
112
562
1
4,775
713
357
356
4,062
114
152
1,076
4,973
3,897
2600
1,598
48
954
2,175
89
27
7
55
624
53
22
2
29
304
36
5
5
26
320
2511
(*)
(*)
(*)
-43
-5
(*)
-3R
66
8
2
56
3,831
5,669
359
2,865
2445
2,065
158
1,520
387
1,270
795
17
574
204
533
157
157
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany ]
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Eurooe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other
International organizations and unallocated
326
1 193
1 866
573
736
4,381
547
1 384
140
945
185
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
27
83
99
31
58
985
34
105
(*)
-106
3271
38
461
531
37
15
2,138
51
495
6
9
176
30
1 097
(D)
967
43
86
155
53
42
503
85
132
24
147
6
22
D
( )
(D)
21
43
16
26
(D)
30
30
1
3
1
2
16
8
0
0
0
1,700
238
782
0
1,495
218
150
4
64
20
742
(D)
4
(D)
40
o
0
o
256
6
43
207
3
0
0
3
(D)
0
(D)
1445
65
157
(D)
H
59
431
202
197
(D)
1,121
1,551
152
1,119
23
3
2
18
4,950
3,604
201
1,345
2058
77
11
16
50
705
44
544
117
59
32
94
-67
755
54
567
134
696
22
473
201
1,664
1,297
843
51
338
454
12
10
12
2
(D)
99
41
899
376
0
42
(D)
99
55
1
43
15
1,571
1 575
(D)
32
(D)
205
57
310
0
0
SURVEY OF CURRENT BUSINESS
1O6 • September 1992
Table 6.1.-Other Private Services, Affiliated 1986-87
[Millions of dollars]
19£57
19 36
Payments
Receipts
Total
All countries
8,183
By U.S. By U.S. afparents filiates from
from their
their forTotal
foreign af- eign parfiliates
ents
5,375
2808
3,875
2,351
Payments
Receipts
By U.S. By U.S. afparents to filiates to
their fortheir foreign affili- eign parents
ates
1,524
Total
8,176
By U.S. By U.S. afparents filiates from
from their
their forTotal
foreign af- eign parents
filiates
5340
2,836
5,200
By U.S. By U.S. afparents to filiates to
their fortheir foreign affili- eign parates
ents
2,893
2,307
Canada
1,620
1,130
490
676
235
441
1,455
1,123
331
745
174
571
Europe
Belgium
France
Germany Federal Republic of
Italy . .
Netherlands
Norway
Spain
Sweden .
Switzerland
.
United Kingdom
Other
3,383
162
328
620
148
373
50
48
51
227
1,069
308
2,485
152
219
292
125
312
45
48
28
183
830
251
898
10
110
328
22
61
5
1
23
43
238
57
1,907
1,154
3,880
111
406
658
130
389
40
26
64
384
1,249
422
2,661
106
260
347
112
328
38
23
13
164
917
353
1,219
1,657
5
147
311
18
62
2
3
52
219
332
70
2,902
59
579
603
57
184
9
18
P)
474
830
(D)
(D)
1,245
18
96
248
19
162
7
12
22
328
295
38
564
322
36
49
71
13
153
243
50
193
276
52
4
9
17
2
20
223
134
90
106
36
(*)
2
3
1
30
70
18
52
. . .
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil .
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other .
Other countries
Africa
South Africa
Other .
Middle East
Israel .
Saudi Arabia
Other
Asia and Pacific
Australia
Hong Kong
India .
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Sinaaoore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
69
402
216
42
97
12
13
14
291
656
95
53
354
120
30
20
1
11
5
106
429
24
754
15
48
96
13
77
11
1
9
185
227
71
480
297
35
47
66
12
137
183
29
154
84
25
1
2
5
0
16
60
21
39
373
73
5
14
16
2
35
300
112
189
286
54
5
14
12
1
23
232
100
132
87
19
1
0
4
1
12
69
12
57
547
361
22
89
83
7
160
186
56
130
442
318
22
85
79
7
126
124
40
85
105
43
(*)
4
4
1
34
62
16
45
381
88
4
11
20
3
51
293
151
142
2,486
1,150
1,336
857
616
242
2,172
991
1,181
1,095
710
385
P)
18
P)
101
18
84
P)
22
0
21
16
0
16
5
0
5
88
22
65
75
16
58
13
6
7
20
6
14
9
n9
11
6
5
(D)
104
4
38
62
(D)
(D)
3
5
D
( )
15
1
5
8
(D)
589
P)
87
P)
96
2
30
64
492
P)
57
P)
29
4
4
21
6
1
3
2
22
3
0
19
585
28
40
1,495
150
106
3
64
839
89
21
11
20
117
42
31
820
143
105
3
64
215
51
21
8
20
115
42
31
676
6
1
0
0
624
38
(*)
3
0
2
(*)
1,046
694
21
27
(*)
5
604
5
5
0
n
42
55
(*)
5
901
5
6
1
1
11
14
4
352
21
28
5
492
4
(*)
1
2
8
2
2
P)
P
60
(*)
0
119
0
2
0
9
1
1
2
35
133
(D)
0
(b)
31
95
(D)
2
o
P)
42
483
355
38
22
2
6
P)
145
536
(D)
945
201
130
4
97
209
33
20
19
21
149
32
31
P)
2
1
(*)
0
541
4
1
(*)
0
2
0
P)
(D)
P
100
(*)
5
611
4
2
1
11
9
3
4
130
130
0
61
61
0
123
123
0
77
77
0
808
4
1 555
1 040
0
515
(*)
3357
4
2424
1
933
3
2349
0
1 489
0
860
0
(D)
202
131
4
97
750
37
21
19
21
151
32
3004
5
2196
1
o
10
13
2
o
n
0
297
0
n
(*)
n
1
2
SURVEY OF CURRENT BUSINESS
September 1992 •
1OJ
Table 6.2.-Other Private Services, Affiliated 1988-89
[Millions of dollars]
19 88
19 39
Receipts
By U.S.
parents
from their
foreign affiliates
Total
All countries
9,123
6,363
Canada
1,646
1,197
Europe
Belgium
Francs ..
Germany, Federal Republic of
Italy
Netherlands
Norway .
Spain
Sweden
Switzerland .
United Kingdom .
Other
4,765
176
367
704
162
517
37
43
33
411
1 828
487
3,426
657
469
34
P)
109
8
509
391
34
113
96
7
141
118
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico .
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
(D)
187
(D)
H
1,966
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
(D)
(D)
1,143
3,271
2,582
11,542
8,363
1,022
171
851
2,251
1,679
1,339
3,059
1,863
6,233
4.722
176
504
827
175
682
40
54
30
383
159
341
469
154
622
32
52
11
187
16
79
368
25
89
7
2
15
183
489
65
148
79
0
P)
14
1
(D)
69
19
50
824
64
540
587
78
147
23
19
1 002
49
413
389
61
33
3
7
D
( )
145
701
(D)
(D\
392
86
4
11
22
(D)
(D)
306
163
144
259
44
4
10
16
1
14
215
126
88
(D)
445
1,298
P)
3
4
P)
831
40
17
(*)
0
753
11
0
5
0
4
1,439
1,229
878
29
81
1
2
713
6
0
352
25
87
1
(*)
232
0
1,981
1,150
190
225
5
37
2
5
23
18
15
16
252
41
47
150
209
5
37
358
12
18
10
16
248
41
47
83
0
76
1,672
805
(*)
5,724
9
4,208
3,122
1,086
2,477
0
3
P)
5
P)
24
97
83
1
P)
6
P)
32
0
4
P)
P
21
1 330
99
5
20
74
0
0
2120
81
13
68
2285
n
n
01
115
669
807
113
389
14
24
P)
238
1 489
402
1 110
3,738
955
141
73
(D)
898
31
69
18
51
557
431
27
99
142
6
157
126
36
89
o
3,128
385
385
64
6
19
29
1
9
321
115
206
698
503
27
(D)
P
7
189
194
54
140
D
4,022
1,282
555
122
6
21
37
4
54
434
146
288
134
42
(*)
1
6
D
( )
P)
92
36
55
89
7,150
Total
/D)
P)
10
89
n
18
163
359
20
60
8
2
18
197
616
51
By U.S. affiliates to
their foreign parents
(D)
36
3
n
1,511
696
8
1
5
2
1
20
23
1
572
By U.S.
parents to
their foreign affiliates
1 168
1 998
44
4
6
34
89
70
3,179
746
14
6
9
54
167
2
2
945
7
1
0
1
21
25
6
1,603
5
(D)
2614
Payments
By U.S. affiliates from
their foreign parents
91
462
476
85
155
7
18
P)
18
711
10
1
9
635
19
14
(*)
0
572
22
0
4
0
3
138
34
14
127
197
18
114
20
12
17
300
301
75
25
7
18
969
143
150
6
50
272
12
19
10
20
186
57
41
8
(D)
(D)
1,195
(D)
163
164
6
50
845
34
19
15
20
190
57
41
98
Total
By U.S.
parents
from their
foreign affiliates
5,853
(D)
(°)
Receipts
By U.S. affiliates to
their foreign parents
449
93
2
23
68
(D)
Addenda:
European Communities (12)
Eastern Europe
422
By U.S.
parents to
their foreign affiliates
2,760
P)
Middle East
Israel
Saudi Arabia
Other
Unallocated
1 338
Total
81
17
64
Africa
South Africa
Other
(D)
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Sinaaoore
Taiwan
Other
160
288
336
137
428
31
41
18
227
Payments
By U.S. affiliates from
their foreign parents
n
p
p1
77
133
3
2
1047
P)
n
P)
p)1
4
P)
1,015
1,618
24
207
331
27
234
8
6
23
221
457
81
171
58
0
2
8
2
45
113
31
82
442
13
6
7
6
2
0
3
423
16
56
1
1
344
(*)
(*)
1
n
0
24
16
4
61
77
2
0
826
7
(*)
1
1
24
14
2
76
o
85
85
0
4,459
1,265
3,333
2,020
1,313
1
7
2
1 170
7
1
2
1
1
o
0
1
2
2
1O8 • September 1992
SURVEY OF CURRENT BUSINESS
Table 6.3.-Other Private Services, Affiliated 1990-91
[Millions of dollars]
19<n
19 90
Receipts
Total
All countries
Payments
By U.S. By U.S. afparents filiates from
from their their forTotal
foreign af- eign parfiliates
ents
Receipts
By U.S. By U.S. afparents to filiates to
their fortheir foreign affili- eign parates
ents
Total
Payments
By U.S. By U.S. afparents filiates from
from their
their forTotal
foreign af- eign parfiliates
ents
By U.S. By U.S. afparents to filiates to
their fortheir foreign affili- eign parates
ents
13,307
9,267
4,040
8,702
4,910
3,792
14,639
9,614
5,025
9,570
5,163
Canada
2,393
1,955
439
1,540
540
1,000
2,351
1,909
442
1,406
519
887
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden . . .
Switzerland
United Kingdom
Other
6,970
205
614
943
213
749
82
72
161
410
2685
836
4,956
164
380
530
170
631
55
71
20
236
1 971
728
2,014
4,441
2,619
1,821
40
234
412
43
118
27
2
142
174
715
107
(D)
791
924
177
455
26
34
109
541
606
129
204
3
29
(D)
(D)
273
21
850
370
( )
(D)
(D)
2503
17
256
583
64
169
18
2
237
222
847
89
2,859
155
537
750
169
231
(D)
4957
265
470
443
166
619
80
102
19
243
1 722
828
5,228
185
865
1,118
249
543
(D)
?8
(D)
250
317
48
250
23
4
22
252
570
7,460
282
726
1,026
230
787
98
104
256
464
2568
917
146
35
816
85
2,369
31
329
368
80
312
18
4
52
336
778
60
697
437
27
109
135
13
153
260
94
166
486
326
27
68
115
11
106
160
57
103
212
112
424
60
6
18
24
1
10
364
128
236
260
59
(*)
1,106
13
200
30
170
643
33
208
149
37
215
463
153
311
654
391
30
63
125
24
149
264
125
139
452
252
3
145
24
14
67
200
28
172
713
89
5
(D)
27
7
(D)
624
149
475
357
53
5
18
22
2
6
304
115
189
356
36
(*)
42
21
2
47
100
38
62
684
119
6
(D)
D
( )
6
23
564
159
406
.
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
n
1,420
D
(D)
(D
M5
1 593
(D)
23
4,407
n
5
(D)
320
34
286
3,158
1,782
1,376
1,913
1,203
710
3,620
1,991
1,628
2,065
1,270
795
Africa
South Africa
Other
(D)
(D)
128
92
11
80
(D)
(D)
D
(D)
6
47
(D)
16
6
10
204
19
185
97
13
83
107
6
102
30
8
22
12
1
11
18
6
12
Middle East
(D)
14
(D)
103
113
8
16
89
(D)
(D)
H
2
4
6
3
0
3
339
15
(D)
H
119
6
14
99
220
9
(D)
M
17
9
4
4
10
6
4
0
8
4
0
3
1,249
769
17
159
1
0
574
(*)
0
1
(*)
6
7
4
Israel
Saudi Arabia
Other
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
2781
1577
(D)
27
18
16
558
49
(D)
151
256
5
59
381
14
25
13
16
553
47
57
89
89
6,255
3
4,615
199
272
5
59
1,458
1
6
(D)
14
1205
0
1 854
1 166
688
31
148
1
1
468
0
1
4
0
26
6
2
3077
154
292
8
101
1,653
44
52
16
17
611
68
61
1 776
1 301
149
244
4
2
138
275
8
100
444
19
48
11
16
593
66
59
17
17
(*)
1
(D)
2
5
0
6
1
D
( )
8
1
8
1
50
25
4
119
96
3
2
889
8
0
4
1
24
19
2
0
123
123
0
103
2,508
0
1,484
6,589
5
48
16
0
0
1,077
1,641
1,357
3,991
2
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
c
n
(°)D
1 2)
1
1
2018
158
257
5
5
25
4
5
1
18
3
2
4
1
8
1
22
33
6
140
98
4
4
945
4
0
7
1
17
26
3
103
0
157
157
0
4,581
2,008
2
4,665
1
2,737
0
1,928
1
3
1,520
1,209
SURVEY OF CURRENT BUSINESS
September 1992
Table 7.1 .—insurance, 1986
[Millions of dollars]
Receipts
J
Payments
Total
Reinsurance
Premiums
received
Net
All countries
Canada
. . . .
Europe
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
Africa
South Africa
Other
Asia and Pacific
Australia
Nona Kona
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
1,269
2,201
7,217
5,016
477
954
477
1,724
6,263
4,539
334
197
362
165
12
24
12
185
338
153
173
29
14
6
16
8
-4
0
15
14
64
13
746
73
73
61
33
19
7
2
23
29
372
54
572
44
60
55
17
12
11
2
8
15
308
41
636
-4
30
-63
-3
-1
5
3,442
2,806
37
94
603
26
11
20
1
121
271
1,531
91
244
1
1
8
0
487
2
2
15
0
244
1
1
8
0
(
393
-6
29
-71
-3
-1
2,955
32
124
540
23
10
25
1
46
368
2,194
78
0
&1
10
0
1
n
454
2
&1
43
97
437
-14
2,562
36
93
596
26
11
15
1
121
271
1,303
90
89
39
107
49
1
3
17
5
23
58
39
19
1,324
-40
-7
-25
-6
2
3,075
49
18
31
196
88
2
5
17
4
61
107
57
50
1,364
879
485
3,036
2,391
646
1,751
79
11
34
7
4
23
1,672
1,511
161
209
2
0
0
0
0
2
207
161
46
419
4
0
0
0
0
4
414
323
92
209
2
0
0
0
0
2
207
161
46
1,115
-42
-7
-25
-6
-2
-2
1,157
718
439
554
1,542
77
11
34
7
4
21
1,465
1,350
115
19
274
255
39
328
289
7
14
7
32
314
282
2
16
7
9
14
7
7
-1
-2
6
2
5
8
3
5
1
0
1
2
0
2
1
0
1
-3
-2
_-j
4
2
2
6
3
3
14
5
3
6
9
5
2
2
-4
-6
2
11
4
4
4
15
10
2
3
1
0
0
1
2
0
0
2
1
0
0
-5
-6
2
_•]
10
4
4
2
14
10
2
3
5
0
0
0
4
1
0
0
0
0
0
0
10
0
0
0
(D)
1
0
0
0
0
0
D0
5
0
0
0
(D)
40
-6
5
37
()
()
-2
-2
3
-2
-41
301
12
12
38
(D)
250
3
2
2
2
6
6
(D)
261
18
7
1
-2
3
-2
-41
310
12
12
38
5
250
3
2
2
2
6
6
-30
266
18
7
5
232
60
8
1
1
133
3
3
7
2
3
10
2
44
-6
5
37
4
51
-2
R
244
42
8
1
3
150
7
5
6
4
3
9
6
0
0
0
6
11
6
6
11
6
0
0
0
147
680
2
533
2
631
-4
2,962
2,331
6
238
0
476
0
238
0
393
-4
2,486
2,093
6
2
8
13
-17
0
<2
17
4
2
-1
2
n
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. Covers reinsurance only. Collectipn of data on primary insurance did not begin until 1987. Estimates of aggregate premiums received and losses paid are included in tables 2 and 5.1.
Premiums Losses repaid
covered
Net
499
4
. . . .
Net
1,714
5
0
.
Premiums Losses recovered
paid
165
<2
Middle East
Israel
Saudi Arabia
Other
Net
Reinsurance
Primary insurance
Premiums Losses recovered
paid
445
0
:
Losses
paid
n
-76
97
664
-13
n
n
n
3
39
4
8
2
3
22
3
i
1
199
5
3
3
4
3
8
11
n
n
n
n
n
'l0
1
n0
0
0
0
0
D0
n
n
50
-2
n
~ 30
122
525
23
10
15
1
45
368
1,740
76
2,657
35
4
8
2
3
18
2,622
2,068
3
(D)
199
5
3
3
4
3
8
(D)
SURVEY OF CURRENT BUSINESS
110 • September 1992
Table 7.2.—Insurance, 1987
[Millions of dollars]
Receipts
Total
Payments
Primary insurance
Reinsurance
Total
D
PremiremiPremiums
Losses
ums Losses Net ums Losses
Net
Net
repaid
rerepaid
paid
ceived
ceived
ceived
All countries
2,295 4,832
2,537 1,596
699 2,009
2,823
1,227
Canada
728 1,622
895
545 1,052
507
183
570
387
Europe
Belgium
Franco
Germany Federal Republic of
Italy
Netherlands
Norway .
Spain
Sweden
Switzerland
United Kingdom
Other
529 1,164
42
18
34
118
58
119
18
88
19
32
7
16
-5
33
9
31
45
13
339
593
47
20
635
24
84
61
70
14
8
38
22
33
253
28
218
7
13
31
22
5
6
9
8
8
10
137
(D)
81
2
8
16
D
( )
2
3
8
2
2
23
(D)
311
10
21
27
-4
14
1
-5
3
6
226
11
865
32
98
73
(D)
26
7
25
23
36
456
(D)
Latin America and Other Western Hemisphere
South and Central America
Argentina
. ..
Brazil
Mexico
Venezuela .
Other
Other Western Hemisphere
Bermuda
Other . . .
210
95
26
359
180
32
3
56
7
82
178
109
70
149
85
6
4
20
4
52
64
40
24
104
74
26
144
92
30
1
26
3
31
52
(D)
(D)
40
18
5
1
7
1
5
22
(D)
(D)
106
22
1
215
89
2
2
29
4
51
126
Other countries
780 1,482
702
700 1,175
475
80
n
36
3
30
114
69
45
Africa
South Africa .
Other
Middle East
Israel
Saudi Arabia
Other
.
. . .
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan .
Korea Republic of
Malaysia
New Zealand
Philippines
Sinaaoore
2.
.y "*"**
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
n6
7
113
8
n
19
2
27
30
10
20
1
-1
2
13
4
9
12
5
7
_-|
12
1
10
1
45
6
27
12
33
4
767 1,424
26
61
32
13
1
1
4
5
707 1,250
6
13
7
4
2
4
17
1
11
4
16
-1
7
657
35
19
1
1
543
7
8
2
13
10
12
8
697
10
13
0
1
663
4
-1
205
156
563
1
n
49
499
n
1,062
1
CJ
17
11
300
9
20
47
n
D
( )
-2
n fl
n9
-5
n6
n
n
21
n
18
3
D
( )
(D)
18
0
1
D
( )
6
3
1
9
(D)
n
17
1
4
84
59
25
n
27
554
22
76
46
(D)
12
5
30
19
30
230
(D)
1,397 4,051
27
-12
22
169
184
549
9
33
9
19
27
1
2
-20
79
118
426
1,167 2,619
-82
101
2,654
39
147
365
24
11
25
2
99
307
1,452
182
375
1
5
1
0
1
4
0
1
736
2
9
2
0
3
7
0
1
362
1
109
67
1
2
13
3
47
42
1,611 3,597
-47
28
-2
12
-24
2
-8
2
1
-9
11
-3
1,659 3,570
1,181 2,842
727
478
1,986
74
14
26
10
9
15
1,911
1,661
250
215
1
0
0
0
0
255
0
710
2
361 1,022 3,316
1 -13
25
5
18
160
1
547
183
0
9
33
1
7
17
4
-2
19
2
0
1 -20
78
118
426
348
806 1,909
1 -83
99
2,293
38
142
364
24
9
22
2
99
307
1,104
181
215
181
35
425
2
0
0
0
0
2
423
354
69
210 1,396 3,172
1 -48
25
2
0
12
-24
2
0
0
-8
2
1
0
-9
1 _5
9
208 1,444 3,147
173 1,000 2,489
35
443
658
1,776
73
14
26
10
9
13
1,703
1,488
215
n
1
n
n
6
2
-26
342
368
( )
3
(D)
n
0
0
0
0
0
0
2
-2
1
3
2
1
24
6
9
8
16
5
g
2
-4
-6
2
14
4
6
5
18
10
3
5
1
2
0
0
2
1
0
0
_5
-6
2
-1
12
4
6
17
10
3
4
D
D
-16
-2
-11
333
8
9
1
349
10
20
1
329
8
g
1
348
10
20
1
283
5
288
1
1
2
3
1
2
4
5
0
0
0
0
1
0
0
0
0
0
0
-18
—2
-11
292
2
4
0
0
0
0
3
0
0
0
0
0
0
1
( )
(D)
15
1
( )
(D)
15
D
1
( )
()
D
n
n
n
n9
-2
-2
c
n
n
0
0
1
3
0
0
0
0
2
0
0
0
0
0
0
1
1
14
6
2
10
(D)
11
8
n
-1
1
_3
-A
1
11
15
n
17
37
20
7
15
7
1,282 3,458
~3
1
2,176
4
363
0
727
0
363
0
153
123
19
52
33
198
271
73
301
792
1
491
1
e
(D)
n
4,705
478
0
0
0
30
n
224
4
D
n
n
13
3
2
1
227
q
(
°i
r:
n
n
592 2,625 7,330
370
c
4
13
1
7
1
1
6
70
16
616 1,208
348
17
0
8
c
( )
(D)
4
0
0
D
( )
2
4
5,297
268
237
-2
-2
( )
4
(D)
D
3,241 8,538
Premi- Losses
Premi- Losses
ums recov- Net ums recovpaid ered
paid ered
Net
-22
D
°2
n
Premi- Losses
ums recovpaid ered
505
R 8
307
2
1
1
(
1,310
Net
Reinsurance
Primary insurance
c
n
n
n
n1
n
n
n
1
5
10
281
5
3
1
2
4
5
15
9
22
12
919 2,732
1,813
4
7
—2
1
1
2
c
1
SURVEY OF CURRENT BUSINESS
September 1992 • 111
Table 7.3.—Insurance, 1988
[Millions of dollars]
Receipts
Total
Payments
Primary insurance
Total
Reinsurance
PremiPremiPremiLosses Net ums Losses Net ums Losses
Net ums
paid
repaid
rerepaid
ceived
ceived
ceived
All countrios
1,509
4,805
3,296 1,340 2,942
2,628 8,954
6,326
454
553 1,033
480
14
28
13
538 1,005
467
890
38
91
98
46
19
8
23
D
( )
38
446
(D)
890
32
110
136
52
16
11
23
(D)
19
421
(D)
885 3,585
-14
26
-15
146
492
16
2
26
1
17
2
19
-1
2
72
115
116
402
736 2,270
71
-29
2,701
40
161
476
25
16
17
3
42
286
1,535
100
315
1
4
1
0
1
4
0
0
0
303
623
2
7
2
0
2
9
0
0
0
600
1
308
1
3
1
0
1
4
0
0
0
297
570 2,963
24
-15
139
-19
490
15
2
26
14
11
-3
-1
2
72
115
402
116
433 1,671
-29
70
2,392
39
158
475
25
14
13
3
42
286
1,238
99
190
(D)
2
3
25
5
131
(D)
4,002
27
8
(D)
2,799
50
3
(D)
8( )
423
0
0
0
0
0
0
423
346
76
989 3,580
209
0 -23
27
0
5
8
0 -10
(D)
-6
0
0
-6
-7
0
209 1,012 3,553
172
526 2,459
37
487 1,094
2,591
50
3
(D)
n
(D)
(DD)
()
59
35
1
1
10
2
21
24
19
4
700 1,251
1,185
560 1,291
731
Europe
103 1,138
44
10
-8
113
144
-22
7
78
9
29
13
4
29
13
33
26
50
532
51
14
73
1,035
34
121
t66
71
20
14
25
20
24
481
59
103
4
11
15
12
6
3
4
9
7
26
7
248
7
22
45
31
10
5
145
2
11
30
19
4
2
2
298 -35
66
75
6
30
3
18
2
3
45
30
222 -101
83
140 -96
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
24
101
31
1
14
4
51
-77
14
-92
Other countries
828 1,589
322
177
37
5
32
7
96
145
97
48
n
762
550 2,066 7,842
1,693
536 1,721
n
Premi- Losses
Premi- Losses
Premi- Losses
ums recov- Net ums recov- Net ums recovpaid ered
paid ered
paid ered
Net
430
1,603
Canada
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Reinsurance
Primary insurance
(
r>
85
(D)
59
(D)
131
167
7
3
D
( )
4
1
i°]
81 n1
D
170 1,863
-24
n
6
-19
-37
-5
3
-3
n
3
19
25
7
8
8
562 1,112
n
2
14
3
(D)
D
( )
(D)
(D)
1,202
-23
5
-10
-6
-6
-7
1,226
700
526
3,975
2,805
1,170
6
(D)
2,749
2,105
644
214
0
0
0
0
0
0
214
174
40
fl
n
n
fl
5,776
6
(D)
2,540
1,933
607
551
128
338
210
-19
311
330
12
23
11
-31
288
319
Africa
South Africa
Other
7
n8
14
2
12
7
2
4
1
-1
1
3
n3
3
1
2
7
1
6
11
2
9
4
2
3
1
-1
2
3
2
1
1
0
0
0
0
0
0
0
0
0
1
-1
2
3
2
1
1
Middle East
Israel
Saudi Arabia
Other
13
5
7
44
13
20
11
31
8
12
11
n9
7
20
24
13
(D)
(D)
18
7
(D)
D
( )
-9
-7
7
3
1
3
15
10
n0
1
n0
-9
-7
15
10
-2
6
3
1
2
808 1,531
64
36
22
39
4
3
2
3
1,327
716
8
16
11
2
2
6
22
10
7
15
1
16
10
723
28
17
a
5
6
-2
2
116
20
6
2
2
73
2
2
2
5
3
304
(D)
15
3
3
D
( )
D
( )
6
5
D
( )
D
( )
14
7
188
(D)
9
301
11
(D)
313
9
(D)
-23
2
-53
279
11
(D)
302
9
(D)
(D)
259
4
fl
-7
4
4
14
1
n
-8
3
2
1
3
4
2
6
fl4
4
( )
D
( )
14
8
(D)
299
3
2
1
3
4
2
7
12
0
0
0
6
5
0
0
0
0
0
0
0
7
23
15
8
16
7
-1
7
712 3,014
-4
2,303
4
319
0
613
0
294
0
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philiooines
Sinoaoore
Taiwan
Other
n
n
n
612
8
8
4
12
8
15
10
-2
fl( )
D
692 1,227
16
(D)
24
16
1
1
0
0
643
6
n
n
4
1
1
13
535
1
n
«( )
D
5
R
fl
(D)
n
n
(DD)
( 4)
D
3
2
Unallocated
18
35
17
12
21
9
7
14
7
Addenda:
European Communities (12)
Eastern Europe
64 1,005
-1
2
941
3
85
219
0
134
-21
-1
786
2
807
3
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
n
n
3
-11
2
-53
n
6
41
-1
1
n2
n
n3
n
n4
n
1
0
n
0
0
1
22
0
0
0
0
n
11
0
0
0
8 8
0
0
0
0
0
0
0
0
0
0
0
0
n
n
n
36
-1
1
n2
n
n3
402 2,401
-4
n
n4
n
1
4
4
13
8
1,999
4
112 • September 1992
SURVEY OF CURRENT BUSINESS
Table 7.4.—Insurance, 1989
[Millions of dollars]
Receipts
Total
All countries
Reinsurance
1,572
5,259
848 1,898
Europe
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
-115
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
,
Other
-215
Other countries
1,068
7
10
16
8
-1
-5
-1
2
-46
-144
38
88
42
4
19
1
23
-302
-37
-265
983
74
100
142
65
16
8
25
25
48
443
38
388
237
49
7
42
10
129
150
81
69
1,887
3,687 1,709
1,050
3,459
1,750
726 1,412
686
-137
122
1,800
1,937
486
364
6
(D)
105
8
38 -296
1
2
2
10
-13
-3
(D)
2
-6
-5
-6
-4
D
-54
8 -240
32
3
765
69
88
103
(D)
9
8
19
18
(D)
338
29
1,061
66
88
116
(D)
15
13
25
22
(D)
579
-3
181
(D)
48
3
11
4
(D)
D
( )
5
(D)
334
(D)
5
1
2
2
(D)
D
( )
-2
(D)
-62
23
-1
1
10
-1
-33
-38
-44
6
207
(D)
4
30
7
(D)
D
( )
76
(D)
269
(D)
2
3
20
8
(D)
D
( )
120
(D)
818
970 1,553
582
98
334
2
0
2
3
2
2
1,098
67
90
126
57
17
13
25
23
93
587
0
181
5
10
29
11
4
0
219
5
12
39
(D)
6
5
9
97
6
602 -153
111
150
7
43
4
2
9
23
1
9
106
56
452 -264
7
118
335 -271
n
n
n
1
()
Net
404
442
468
7
14
6
-33
428
462
9
3
6
5
1
4
-1
-1
1
4
1
3
4
2
2
0
0
0
0
0
0
-1
•|
4
1
3
4
2
2
5
3
n3
24
15
5
5
^
(D0)
(D)
3
(D)
15
5
(D)
433
23
10
2
11
358
7
2
2
2
4
3
9
442
15
10
2
6
353
10
2
2
5
12
5
20
1
n
8
13
11
20
9
3,345
3,741
5
315
0
605
0
291
0
8
8
2
-1
(D)
19
4
(D)
(D)
12
3
(D)
-19
-12
-5
-2
1,828
1,049
42
-4
47
21
-7
2
2
0
970 1,582
17
6
13
8
7
2
11
25
4
15
34
61
15
3
780
46
26
9
1
612
11
5
5
14
12
27
12
962
1
19
0
0
882
7
6
(D)
6
29
(D)
5
11
87
-4
2
-7
(D)
36
18
2
2
D
( )
D
( )
(D)
6
(D)
D
( )
(D)
(D)
(D)
41
15
9
1
-8
9
1
118
-15
95
Addenda:
European Communities (12)
Eastern Europe
-98
33
895
1
993
-32
166
0
201
(D)
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
110
n
n
35 -264
32
(D)
3,333
95
(D)
(D)
6
7
33
3,239
2,437
802
-28
(D)
4
5
D
( )
103
864 4,197
56
38
-4
(D)
-27
3
3
1
-6
-17
16
920 4,159
753 3,190
167
969
236
(D)
6
9
D
( )
-15
586
1
296 -928 3,356
2
-20
30
6
-59
180
1 -151
475
0
-2
37
0
12
22
5
-4
14
0
2
-6
-33
105
0 -147
463
281 -458 1,961
68
-36
184
0
0
0
0
0
0
188
165
23
7
2
4
0
Unallocated
483
384
0
0
0
0
0
0
384
343
41
31
16
8
7
D
8,567
386
196
0
0
0
0
0
0
196
178
18
46
26
14
6
l
272 8,839
4,284
50
238
626
39
34
18
7
138
610
2,419
103
18
3,521
95
(D)
(D)
6
7
33
3,427
2,602
825
15
10
6
-1
5
31
3
519
870
36
4,581
38
(D)
(D)
3
1
16
4,543
3,533
1,010
-147
-153
Middle East
Israel
Saudi Arabia
Other
(
19
-35
-2
-12
1
-6
-33
2
0
2
2
1
3
1
3
557 1,070
Losses
recovered
1,060
-56
-4
-27
-3
-6
-17
1,116
931
189
-151
8
1
6
R
R flR
R ()
501
Premiums
paid
Net
321
2
7
1
0
0
5
0
12
3
10
(D)
(D)
(D)
9,086
Premi- Losses
ums recovpaid
ered
4,580
52
245
627
39
34
23
7
139
610
2,701
104
-18
-52
5
2
3
n0
n
88
(D) -1
905
Reinsurance
3,973
35
193
476
37
22
24
2
105
463
2,547
68
-607
Africa
South Africa
Other
n0
Premi- Losses
ums recov- Net
paid ered
823 9,909
4
0
4
Asia and Pacific
Australia
Nona
iwny Kona
i\uny
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Primary insurance
Total
PremiPremiPremiums Losses Net ums Losses Net ums Losses
repaid
paid
repaid
received
ceived
ceived
Net
Canada
Payments
Primary insurance
n
R
R(DD)
n
5
-3
n
n
-4
()
-8
-2
10
8
7
-5
694
(D)
959
(D)
-396
-4
n
617
5
14
1
0
0
11
0
n n0
0
305
n
0
0
0
n0 (D
0
0
n
n
0
n n (D)
7
(D0) (D0)
0
0
0
6
1
0
0
0
0
0
0
n
0
0
D0
D0
()
()
0
0
0
0
0
0
0
0
0
0
0
0
n
1
19
-12
-5
-3
(!>!
-13
11
1
(D)
23
10
-3
7
2
2
2
4
3
9
(D)
13
10
2
(D)
352
10
2
2
5
12
5
19
12
4
711 2,739
-4
3,451
5
n
n
n5 357
n
n
-4
-8
-2
-11
16
n
SURVEY OF CURRENT BUSINESS
September 1992
Table 7.5.—Insurance, 1990
[Millions of dollars]
Payments
Receipts
Total
Net
Premiums
received
1,834
Canada
Europe
Beloium
jfciaiui"
France
Germany '
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Reinsurance
Primary insurance
Net
Premiums
received
5,766
3,932 2,160
3,696
1,339
2,505
1,166
-426
4
1,116
83
128
128
71
30
11
22
19
88
489
46
1,542
134
148
141
71
18
18
53
23
78
818
42
91
1
7
9
11
1
1
2
3
9
44
4
201
6
(D)
23
(D)
4
5
6
6
13
94
12
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
154
109
47
5
-20
6
70
45
30
16
428
268
62
9
44
14
140
160
123
37
274
160
15
4
64
7
70
114
93
21
138
125
48
6
9
2
61
13
-1
14
186
159
59
7
10
4
80
27
4
23
48
34
11
1
1
1
19
14
5
9
Other countries
675 1,582
907
646 1,282
All countries
-51
-20
-13
0
12
-7
-31
-4
11
-328
Losses
paid
1,193
Total
Premiums Losses
paid
received
Premi- Losses
ums recovpaid
ered
2,396
1,845
10,147
460
226
818
592
9
31
916 1,432
71
622
6
19
1
17
13
75
396
35
4,439
57
294
555
48
22
30
7
91
471
2,755
110
322
3
10
1
14
14
50
20
73
768
34
-27
-19
-57
-5
-6
13
-4
58
28
-26
-25
4,368
30
274
497
43
16
43
4
148
500
2,728
85
-29
4
9
32
30
2
242
109
3
3
34
10
60
133
119
14
226
126
3
3
63
6
51
101
88
12
1,518
32
-2
-15
-2
-2
-9
1,550
634
915
4,360
30
(D)
2
3
2
D
( )
4,330
2,815
1,514
1,536 -326 2,070
145
110 -517
5 -51
-27
-21
15
-11
11
4
4
-8
3 -33
-7
3
5
2
50 -372
1
8
n
n
16
17
n
n
605
77
129
&
%6
S
(D)
8,302
Reinsurance
Premi- Losses
ums recovpaid ered
Net
Losses Net
paid
707
1,900
Primary insurance
Net
518 1,017
(
<3
l
Net
Premi- Losses
ums recovpaid
ered
499 1,327 9,130
22
217
7,803
787
570
300 -394 3,746 4,140
54
3 -31
23
284
9 -29 255
1 -58 496
554
47
-5
43
16
22
-6
<l12
n
296
1
24
0
1
0
569
1
19
4
147
500
273 -322
2,159
1 -25
84
18
7
90
471
2,482
109
2,841
61
(D)
18
5
4
D
( )
2,780
2,181
599
169
3
0
0
0
1
2
166
146
20
328
6
0
0
0
2
4
322
280
42
159 1,349
3 -35
-2
0
0 -15
0
-3
1
-3
2 -11
156 1,384
489
134
22
895
4,008
2,535
1,472
2,682
59
(D)
18
5
3
D
( )
2,624
2,046
577
413
13
0
n0
0
q
-4
57
28
4,032
24
n2
3
fl
637
29
299
270
151
573
422
8
17
9
143
556
Africa
South Africa
Other
8
1
6
16
8
8
8
6
2
3
0
3
3
0
3
n0
n
5
1
4
13
8
5
8
6
2
-2
-1
-1
3
n3
4
n4
0
0
0
0
0
0
0
0
0
-2
-1
1
3
n3
n
Middle East
Israel
Saudi Arabia
Other
13
11
33
23
2
7
21
12
3
6
3
4
8
7
4
3
10
8
26
17
3
6
16
9
3
4
-5
-7
n6
14
10
2
0
0
2
1
n2
9
3
0
0
-6
-7
7
3
13
10
654 1,533
-18
49
15
42
1
6
4
5
584 1,235
8
20
1
13
4
-5
-8
25
19
92
8
23
878
67
26
5
1
651
12
12
9
32
19
28
15
261
43
8
6
5
D
( )
159
23
2
-1
6
160
-4
3
403
18
8
3
5
298
10
2
1
D
( )
17
5
(D)
151
21
2
-1
-8
-9
-4
-10
562
41
10
2
11
459
6
5
1
(D)
8
2
(D)
546
37
10
2
(D)
458
6
5
1
D
( )
8
«
395
16
8
3
D
( )
298
10
2
1
D
( )
17
5
(D)
20
29
10
-2
3,630
286 -454 3,034
0
-6
3,488
6
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
0
2
8
8
n
640 1,272
2
7
34
15
n0
n0
632
5
19
546
6
5
(D)
(D)
n
-8
8
63
3
n0
8 8
fl fl( )
8 ()
D
D
9
6
n
8
R( )
13
246
63
8
5
1
D
( )
D
( )
(D)
8
(D)
D
( )
(D)
9
15
-20
n
4
39
2
-4
-5
1
-8
D
93
136
43
92
127
35
1
9
8
^27
-1
987
2
1,413
2
77
175
98 -504
-1
812
2
1,316
2
n n
*D Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
n n2
n
n
-144
-6
n
n
1
0
0
1
.
1
n n4
8
2
0
0
5
1
0
0
0
0
0
0
16
4
0
0
D
( )
0
0
0
0
0
D0
8
2
0
0
D
( )
1
0
0
0
0
0
D0
()
-8
-9
-4
-10
8
9
20
10
11
3,775
6
310
0
596
0
n ()
n
160
-4
3
n
n
4
n3
SURVEY OF CURRENT BUSINESS
114 • September 1992
Table 7.6.—Insurance, 1991
[Millions of dollars]
Receipts
Total
All countries
Primary insurance
Total
Primary insurance
Net
2,639 11,428
8,789
2,063 6,169
4,106 2,268 3,877
1,230 2,440
1,210 1,171
Europe
Belgium
Franco . . .
Germany J
Italy
Netherlands .
Norway
Spain . .
Sweden
Switzerland
United Kingdom
Other . . . .
-183 1,124
-9
99
3
110
44
110
7
55
11
26
-9
10
18
-9
-9
19
88
-10
-197
547
-5
43
1,308
108
106
66
48
15
19
27
28
98
744
48
107
4
9
10
4
3
4
4
4
8
50
7
139
138
65
2
12
3
55
2
1
1
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
216
167
68
2
25
9
63
49
36
13
489
291
78
6
52
14
141
199
174
24
273
124
10
4
27
5
78
149
138
11
Other countries
711 1,993
1,282
,
Reinsurance
PremiPremiPremiLosses Net ums Losses Net ums Losses
Net ums
repaid
paid
repaid
received
ceived
ceived
Canada
. . . . .
Payments
Premi- Losses
ums recovpaid
ered
2,497
59
618
559
580
1,003
422
29
30
175
6
14
D
( )
8
2
6
6
6
(D)
87
13
68
290
2 -13
5
-6
34
(D)
4
3
1
8
2 -13
2 -13
2 -13
(D) -18
37 -248
5 -12
949
93
96
(D)
48
23
4
12
13
(D)
460
30
1,240
106
102
(D)
44
15
17
25
27
(D)
707
42
914
-8
-106
69
3
7
15
-1
196
88
628
20
4,686
30
355
600
40
22
40
4
275
462
2,766
91
3,772
38
461
531
36
15
25
4
79
374
2,138
71
564
7
17
2
669
10
19
2
19
0
1
6
507
3
26
0
2
6
599
2
175
168
72
3
15
4
74
7
2
5
35
30
7
1
3
77
30
3
1,076
-43
-4
-15
-5
353
4
0
1,119
793
325
2
(D)
4,950
3,671
1,279
3,897
66
(D)
15
8
2
D
( )
3,831
2,878
953
341
4
0
5
1
4
238
93
3
3
24
4
59
144
137
7
4,973
23
13
6
8
47
36
12
315
123
6
3
37
10
67
192
173
19
337
300
37
349
312
37
768 1,591
823
-57
402
459
59
755
696
18
18
n n2
n -2
n
12
9
3
12
7
5
-2
-1
-1
4
6
1
5
-14
-13
1
-1
21
13
2
6
35
26
2
7
-5
-6
1
1
( )
( )
1
(D)
0
(D)
-43
-6
412
39
7
3
2
D
( )
(D)
65
32
-81
(
(D^)
D
( )
(D)
(D)
1
22
10
-11
(D)
54
(D)
2
(D)
567
7
4
7
5
41
2
(D)
(D)
22
(D)
-2
-1
-2
-3
2
-4
369
33
7
3
2
D
( )
(D)
(D)
4
(D)
D
( )
(D)
(D)
(D)
473
8
4
1
4
18
13
(D)
1,609
651
n
19
n
n
-19
<ri3
Africa
South Africa
Other
1
2
-2
13
10
3
12
7
5
Middle East
Israel
Saudi Arabia
Other
-20
-17
1
-3
22
13
3
6
42
30
2
10
Asia and Pacific
Australia
Mono Kona
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other .
730 1,958
-2
41
26
44
3
2
f)
597 1,628
6
21
4
13
-1
4
4
20
5
26
93
128
-2
28
1,228
43
18
3
2
1,031
15
10
5
16
20
36
30
8
R
8
88
122
34
82
114
32
6
8
2
10
12
2
-148
-1
996
1,144
4
91
150
60 -239
-1
846
2
1,085
4
596
-6
3,867
3,271
6
Unallocated
Addenda:
European Communities (12)
Eastern Europe
n
1
n
n
-6
-4
n2
1
n
n
:
ini
773 1,590
7
3
37
25
0
626
6
5
n6
9
91
1
n
n
a
a
n
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
7
4
n2
816
4
12
8
-fl
fi n
n
(D)
n
n
12
94
_2
n6
n4
D
n
D
Premi- Losses
ums recovpaid
ered
Premi- Losses
ums recov- Net
paid ered
Net
205 2,292
1,823
Reinsurance
956 1,075
8
n
n
n4
<3
0
n
n
n
n4
<3n
4
n1 <rj
4
(D)
14
(D)
n0
0
12
1
0
0
0
0
0
0
(
3
0
119 1,683 10,353
1
8,670
551
973
421
350
105
3 -15
2 -123
67
0
3
7
-4
-1
0
1 195
0
82
92
121
17
4,017
20
336
598
39
21
14
4
273
456
2,167
89
3,667
35
459
531
36
15
18
4
78
374
2,046
71
n
9
n
12
0
0
0
0
0
0
12
12
0
735
-47
-4
-15
-5
-1
-23
782
493
288
4,619
19
1
(D)
4,601
3,359
1,242
3,885
66
(D)
15
8
2
D
( )
3,819
2,866
953
n
n
n0
41
737
696
-2
-1
-1
4
6
1
5
-6
n2
5
1
(*)
3
13
7
51
32
-81
728
54
(D)
677
22
(D)
(D
I
0
(D)
(D0)
0
0
g
8
n n
n0
0
-2
n
0
0
0
0
0
n
0
0
0
0
0
0
4
5
537
0
631
0
<r!3
n4
n6
22
-10
-11
7
4
7
5
41
2
(D)
1
473
8
4
1
4
18
13
(D)
1
6
7
1
94
0
59
-6
3,235
3,177
6
n6
1
&
n
SURVEY OF CURRENT BUSINESS
September 1992 • 115
Table 8.— Telecommunications
[Millions of dollars]
Payments
Receipts
All countries
1988
1987
1986
1989
1987
1986
1991
1990
1989
1988
1991
1990
1,827
2,111
2,196
2,519
2,660
2,794
3,253
3,736
4,576
5,172
5,500
5,563
(D)
(D)
277
313
(D)
(D)
(D)
(D)
348
389
315
(D)
653
21
77
(D)
66
33
15
21
29
38
163
(D)
763
20
96
(D)
72
31
(D)
24
(D)
47
208
95
822
24
107
(D)
66
942
24
105
165
76
(D)
18
(D)
26
47
251
153
961
29
117
(D)
(D)
51
18
(D)
34
58
224
(D)
946
37
97
D
)
106
26
(D)
(D)
D
)
D
)
191
182
1,122
26
120
(D)
122
(D)
(D)
(D)
31
50
225
212
1,410
(D)
151
(D)
140
(D)
1,540
43
158
315
166
51
17
(D)
32
56
364
(D)
1,596
42
149
378
162
59
15
66
(D)
53
332
(D)
1,741
63
157
43
212
101
911
26
105
(D)
83
39
16
(D)
(D)
(D)
288
124
Latin America and Other Western Hemisphere .
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
.
.'
Other
356
265
14
39
(D)
38
(D)
91
(D)
(D)
407
325
15
59
(D)
38
400
315
18
58
(D)
22
920
712
24
59
(D)
37
D
)
208
1,283
1,115
37
(D)
(D)
(D)
(D)
580
464
21
(D)
(D)
37
(D)
116
(D)
(D)
1,064
917
26
s
()
516
418
19
79
(D)
28
Q( )
449
363
14
(D)
(D)
25
(D)
86
(D)
(D)
1,761
1,552
39
131
(°)
33
(D)
209
(D)
(D)
1,700
1,495
(D)
(D)
(D)
32
(D)
205
(D)
(D)
Other countries
522
628
658
809
885
991
Africa
South Africa
Other
42
16
25
45
17
28
47
16
31
52
86
(D)
(D)
Middle East
Israel
Saudi Arabia
Other
92
(D)
29
(D)
116
(D)
31
(D)
93
(D)
(D)
28
114
131
46
388
(D)
48
21
6
133
39
5
(D)
16
20
34
24
468
46
60
32
6
160
43
6
13
13
24
41
24
519
53
69
(D)
8
167
(D)
6
15
19
29
44
31
643
56
79
(D)
9
245
55
6
15
18
26
49
(D)
669
59
80
(D)
13
234
64
8
18
(D)
(D)
38
537
8
623
8
688
12
Canada
Europe
Belaium
"ciaium
France
Germany l . . ..
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Jaoan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
•—
,. .
. .
.
International organizations and unallocated
....
D
(D)
R
R
D
R
33
(D)
315
258
R
59
20
(D)
(D)
57
431
(°)
2
3
38
410
147
(D)
!D)
481
167
13
154
1,539
1,358
37
110
(D)
28
(D)
181
13
168
969
1,089
1,327
1,469
1,639
1,664
75
(D)
(D)
70
13
57
78
14
64
94
(D)
(D)
114
131
(D)
(D)
138
(D)
(D)
146
(D)
(D)
(D)
167
D
)
187
198
227
R
R-
295
112
(D)
(D)
318
(D)
(D)
(D)
770
52
92
(D)
15
233
93
11
732
1,207
57
111
D
69
(D)
(°)
(D)
21
79
80
19
(D)
31
103
(D)
1,213
61
108
(D)
(°)
325
163
(D)
20
(D)
17
104
(D)
37
(D)
773
23
760
(D)
R
R( )
D
n
98
R
D
<1 )
3
*l
31
D
)
188
D
)
D
)
R
81
824
44
69
36
(D)
218
76
1,035
66
90
R
R
()
D
1,127
76
100
47
(D)
262
(D)
R
R
R
)
21
64
73
13
(D)
22
72
90
271
(D)
(D)
18
(D)
32
98
115
(D)
(D)
(D)
209
235
189
(D)
(D)
(D)
767
43
910
52
1,164
65
1,286
(D)
1,321
(D)
1,445
(D)
D
R
D
,( )
310
20
(D)
(D)
Addenda:
European Communities (12)
Eastern Europe
D
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
Il6 • September 1992
SURVEY OF CURRENT BUSINESS
Table 9.1 .—Business, Professional, and
[Millions
Receipts
Line
Total
Advertising
Computer
and data
processing services
Data base
and other
information services
Research,
development, and
testing
services
Management,
consulting, and
public relations
124
282
306
Legal
services
Construction,
engineering,
architectural,
and mining
services'
759
4,428
985
2
Canada
325
52
13
19
3
Europe
954
150
1
89
4
8
7
7
6
0
16
3
3
32
3
143
4
2
10
8
23
17
10
6
4
44
15
124
0
2
13
9
0
2
2
0
5
4
1
3
1
4
5
6
7
8
9
10
11
12
13
14
All countries
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
15
16
17
18
19
20
21
22
23
24
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
25
Other countries
47
100
131
49
110
45
41
31
34
233
132
12
23
17
9
19
3
6
5
40
15
701
642
34
45
245
123
197
59
9
50
34
32
4
4
D
( )
17
n
n1
8
6
0
0
2
4
0
113
16
10
32
42
13
11
0
11
1,980
576
172
117
473
26
27
28
Africa
South Africa
Other
187
21
166
11
11
0
4
7
1
6
112
6
106
29
30
31
32
Middle East
Israel
Saudi Arabia
Other
492
55
334
103
27
3
22
2
100
(D)
52
6
30
16
123
7
95
21
33
34
35
36
Asia and Pacific
Australia
Hong Kong
India
1,301
114
47
22
537
(D)
5
4
68
0
0
58
5
6
1
3
23
238
50
3
11
26
25
21
0
1
19
-2
15
70
37
Indonesia
49
38
39
40
41
42
43
44
45
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
723
84
8
12
38
14
42
147
3
3
16
468
777
9
46
'.
Unallocated
n3
n
n
42
3
n0
n2
(Di
n(
l
n
174
19
73
111
0
54
0
1
Addenda:
47
48
European Communities (12)
Eastern Europe
*D Less than $500,000
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outlays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
and mining services are not published net of merchandise imports and outlays for wages and other expenses. Data
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2, lines 40-48 for details.
September 1992 •
SURVEY OF CURRENT BUSINESS
Technical Services, Unaffiliated, 1986
of dollars]
Receipts
Payments
Installation,
maintenance, and
repair of
equipment
Industrial
engineering
Other2
Total
Advertising
Computer
and data
processing
services
Data base
and other
information
services
Research,
development, and
testing
services
Management, consulting,
and public
relations
services
Legal services
Construction, engineering,
architectural, and
mining
services '
Installation,
maintenance, and
repair of
equipment
Industrial
engineering
Line
Other2
98
1,033
649
1,252
77
32
23
76
60
40
301
75
467
99
1
14
105
82
272
10
3
3
9
8
n
21
P)
198
(D)
2
15
315
s
93
453
32
23
10
40
33
63
129
49
3
n1
1
3
9
1
0
0
8
0
5
14
8
0
5
4
1
0
35
7
3
3
3
1
12
1
1
1
62
18
35
50
56
5
7
2
P)
2
4
5
6
7
60
8
9
5
5
59
P)
4
6
14
2
0
0
0
0
3
9
1
0
0
0
0
0
7
2
7
0
3
16
42
34
9
5
8
52
148
40
8
3
9
21
17
13
8
P)
n
25
2
0
0
0
0
9
0
P)
6
P)
0
P)
14
P)
8
9
10
11
12
13
14
n1
n0
194
186
14
27
101
20
24
299
P)
1
1
94
38
P)
64
64
1
1
54
1
6
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
0
n
n0
1
1
1
0
15
16
17
18
19
20
21
0
0
8
0
0
0
0
0
0
0
0
0
0
1
7
0
1
0
1
0
n4
1
2
2
0
n
n
n0
n0
2
2
0
n0
n
0
n0
0
/D\
/D\
(
5
0
0
0
0
n0
n
n0
n0
0
0
0
(°)
3
0
1
7
7
5
11
10
0
0
8
0
0
0
p)
p)
15
n
n2
2
8
41
18
50
50
1
0
0
0
0
0
0
0
46
0
3
0
0
0
0
n
0
8
R
15
n0
n
0
0
0
0
0
0
0
0
59
386
146
346
11
n
n0
n
2
2
10
14
6
203
p)
74
3
0
3
39
2
37
10
10
n
12
0
12
0
0
0
0
0
0
0
0
0
0
0
0
2
0
2
0
0
0
9
0
9
0
0
0
0
0
0
7
2
4
144
P)
70
P)
31
0
P)
P)
17
3
13
1
0
0
0
0
0
0
0
0
0
0
0
0
4
P)
P)
0
2
P)
P)
0
0
0
0
0
4
0
3
1
0
0
0
0
1
1
49
0
105
2
10
0
6
1
0
0
p)
1
0
0
0
0
0
0
0
0
2
0
0
0
0
2
0
0
0
0
0
0
0
6
1
0
0
0
4
0
0
0
0
0
1
28
314
10
12
16
1
215
24
2
5
11
8
6
3
11
2
P)
203
21
28
5
4
75
9
0
9
14
9
8
23
10
35
28
119
23
3
9
13
0
293
3
63
3
369
11
26
0
20
0
8
0
22
0
n
n
n
p)
n0
p)0
10
1
9
P)
1
7
n0
0
P)
1
n0
0
8
0
1
0
0
n0
0
0
1
1
0
n0
0
n.
0
0
n0
n
p)
1
22
23
24
25
0
1
26
27
28
0
0
6
0
6
0
29
30
31
32
74
P)
6
1
0
P)
4
1
P)
P)
P)
P)
1
5
1
P)
0
0
P)
0
4
1
0
0
33
34
35
36
37
38
39
40
41
42
43
44
45
P)
0
0
P)
0
n0
n
n
0
0
189
6
5
9
P)
141
P)
0
1
8
0
0
1
18
5
21
5
1
15
20
46
32
0
12
0
49
3
p)0
118
0
P)
8
47
48
n1
p)4
1
n
0
0
0
o-
0
0
0
p)0
0
0
0
0
0
0
1
Il8 • September 1992
SURVEY OF CURRENT BUSINESS
Table 9.2.—Business, Professional, and
[Millions
Receipts
Computer
and data
processing services
Data base
and other
information services
Research,
development, and
testing
services
Management,
consulting, and
public relations
services
109
649
133
177
327
394
14
104
10
984
19
92
158
45
85
37
38
55
33
269
152
24
0
2
2
1
2
0
1
139
2
11
29
10
9
9
4
4
4
44
13
39
1
4
6
1
2
728
674
32
53
221
131
237
54
4
51
12
2
0
0
2
0
0
9
0
9
25
25
2
7
2
12
2
0
0
0
12
12
0
1,627
15
230
23
207
0
0
0
310
48
184
78
4
4
0
0
15
2
12
2
1,087
12
1
39
26
44
462
102
6
-3
8
27
106
170
D
0
0
9
2
0
0
0
0
0
0
250
13
3
5
1
191
6
0
1
1
8
43
Line
Advertising
Total
1
All countries
4,280
2 Canada
3
4
5
6
7
8
9
10
11
12
13
14
Europe
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
15 Latin America and Other Western Hemisphere
16
South and Central America
17
Argentina
18
Brazil
19
Mexico
20
Venezuela
21
Other
22
Other Western Hemisphere
23
Bermuda
24
Other
25
Other countries
26
27
28
Africa
South Africa
Other
29
30
31
32
Middle East
Israel
Saudi Arabia
Other
33
Asia and Pacific
34
35
36
37
38
39
40
41
42
43
44
45
....
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
99
.
46
Unallocated
547
47
48
Addenda:
European Communities (12)
Eastern Europe
791
12
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outlays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
D
n1
13
2
n1
1
3
18
1
668
21
11
10
92
61
3
fl
2
2
35
11
121
2
1
5
5
13
8
6
30
0
23
28
(°)
5
2
9
14
7
5
n
20
16
0
1
3
n0
n
274
18
79
104
9
n
n0
1
1
n0
4
0
147
Construction,
engineering,
architectural,
and mining
services'
54
1
3
17
2
1
5
5
0
0
2
1
2
0
0
0
n8
Legal
services
133
116
10
n
32
42
33
16
2
15
4
2
2
27
392
18
0
18
119
8
112
43
1
25
17
63
5
53
6
43
10
6
210
35
1
1
3
0
6
18
23
56
2
-8
-7
12
10
17
2
1
0
0
9
1
0
0
0
3
0
2
11
24
59
107
53
90
12
116
0
11
0
n
n0
1
63
and mining services are not published net of merchandise imports and oulays for wages and other expenses. Data
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2, lines 40-48 for details.
SURVEY OF CURRENT BUSINESS
September 1992 •
Technical Services, UnaffMated, 1987
of dollars]
Receipts
Industrial
engineering
Installation,
maintenance, and
repair of
equipment
Payments
Other
2
Total
Advertising
Computer
and data
processing
services
Data base
and other
information
services
Research,
development, and
testing
services
Management, consulting,
and public
relations
services
Legal services
Construction, engineering,
architectural, -and
mining
services '
Installation,
maintenance, and
repair of
equipment
Industrial
engineering
Line
Other 2
304
1,087
680
1,319
128
74
25
114
67
56
163
103
496
93
1
22
115
84
326
11
5
1
9
6
1
27
6
248
12
2
79
0
(D)
13
3
(D)
D
( )
9
268
9
25
45
7
38
6
11
107
498
4
30
92
70
14
5
3
46
1
4
7
2
39
11
0
1
2
0
0
0
0
80
15
11
0
1
2
1
38
0
8
15
1
93
0
1
3
D
( )
124
2
10
30
15
4
42
1
3
6
(D)
0
0
3
0
n
0
1
3
4
5
6
7
8
9
10
1
0
10
3
0
0
0
2
6
0
7
11
12
8
1
66
46
8
0
12
12
2
4
3
2
2
0
0
0
n
n
19
D7
(D)
( 1)
n
15
7
3
0
0
9
n
n2
0
0
0
0
n
n1
5
42
n0
n
n2
22
41
199
33
26
2
8
1
184
176
15
39
65
23
34
8
0
8
321
305
3
103
(°)
(D)
15
0
15
89
85
1
2
67
4
11
4
2
2
3
3
1
1
0
0
0
0
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
176
394
146
252
43
15
4
41
n
27
5
22
9
1
8
12
41
12
n
0
0
0
0
0
0
39
8
6
26
105
(D)
65
(D)
35
(D)
22
(D)
14
8
4
2
0
0
0
0
n1
2
96
0
0
1
0
24
16
102
13
5
4
4
49
4
3
3
3
3
5
7
227
17
15
10
22
1
6
3
16
11
5
43
1
1
0
0
37
0
1
0
0
1
2
0
13
1
1
0
( )
(D)
262
22
217
9
75
17
1
1
10
11
(D)
(D)
0
7
0
0
0
1
2
1
n
0
4
0
0
0
0
0
0
0
n
15
126
22
154
25
14
8
68
246
1
66
3
430
4
44
0
36
0
11
0
n0
D
n
n
n
122
n0
0
3
0
n1
0
n8
n2
(D)
n0
11n
n0
n7
n1
(D)
( )
5
37
15
n
n
21
20
0
0
D
( )
2
(D)
1
53
53
n
n
6
5
n1
0
0
0
0
0
0
0
0
0
0
51
0
2
0
0
0
n
n
n
(°)
0
n0
15
16
17
18
19
20
21
22
23
24
4
69
4
59
12
25
5
0
5
0
0
0
5
0
5
0
0
0
n1
1
1
0
1
26
27
28
5
5
0
0
2
1
0
1
n0
3
0
2
1
n0
n0
2
2
0
0
n0
n0
29
30
31
32
4
0
0
0
0
27
0
1
4
1
1
0
0
2
0
0
0
0
0
0
0
61
57
11
0
3
3
0
0
0
0
3
0
0
0
0
0
0
0
17
6
0
0
1
13
7
1
n1
n
n4
n0
(D)
n1
n
n
33
34
35
36
37
38
39
40
41
42
43
44
45
24
2
2
(°)
0
3
3
0
0
3
0
0
1
0
1
8
33
0
0
0
0
0
0
0
0
0
0
4
0
n
n0
1
1
n0
0
0
1
0
0
0
1
2
0
0
0
0
0
2
1
n0
0
0
n0
1
1
n0
19
6
0
0
0
0
0
0
0
n
n0
8
0
26
9
0
D
( )
n0
D
n
12
n0
13
14
16
n
11
37
8
1
12
22
46
62
0
15
0
11
0
26
2
86
0
109
0
32
2
47
48
I2O • September 1992
SURVEY OF CURRENT BUSINESS
Table 9.3.—Business, Professional, and
[Millions
Receipts
Line
Total
1
2
All countries
Canada
3
4
5
6
7
8
9
10
11
12
13
14
Europe
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
15
16
17
18
19
20
21
22
23
24
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
25
Other countries
Advertising
Computer
and data
processing services
Data base
and other
'information services
Research,
development, and
testing
services
Management,
consulting, and
public relations
services
196
231
344
272
790
47
20
37
115
1
11
12
16
4
0
2
160
n3
112
3
15
11
3
5
1
0
2
4
47
59
145
1,198
455
19
57
18
1,348
45
118
200
79
90
30
49
38
51
458
189
28
313
5
22
67
19
17
7
22
11
7
123
13
54
0
5
8
2
3
0
1
1
4
28
2
79
2
9
27
7
1
1
1
5
691
623
26
60
199
114
224
68
13
55
25
2
0
37
37
2
18
5
10
1
12
1
1
0
0
1
n1
0
n0
n
70
59
4
8
5
25
18
10
1
9
110
486
2,127
0
3
3
1
2
0
1
Q1
n
0
0
23
8
n0
11
0
2
8
n1
0
1
42
489
32
Africa
South Africa
Other
198
32
166
0
0
0
9
4
4
0
29
30
31
32
Middle East
Israel
Saudi Arabia
Other
359
36
203
120
0
0
0
0
22
2
19
1
33
34
35
36
37
Asia and Pacific
Australia
Hong Kong
India
Indonesia
1,571
113
47
33
105
42
1
1
0
0
39
459
22
5
4
3
380
9
38
Japan
803
39
40
41
42
43
44
45
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
117
6
14
-2
26
111
198
n0
n0
3
5
10
10
805
31
301
Unallocated
47
48
Addenda:
European Communities (12)
Eastern Europe
*D Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outtays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
Construction,
engineering,
architectural,
and mining
services'
5,426
26
27
28
46
Legal
services
1,134
23
0
0
1
n8
282
1
14
9
3
6
2
9
5
11
1
74
45
12
73
2
1
91
4
57
31
26
5
1
0
0
310
37
1
9
76
52
57
n0
18
n0
n
0
0
2
0
1
-11
3
21
64
35
37
124
15
and mining services are not published net of merchandise imports and oulays for wages and other expenses. Data
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2, lines 40-48 for details.
SURVEY OF CURRENT BUSINESS
September 1992 • 121
Technical Services, Unaffiiiated, 1988
of dollars]
Receipts
Payments
Installation,
maintenance, and
repair of
equipment
Industrial
engineering
Other2
Total
Advertising
Computer
and data
processing
services
Data base
and other
information
services
Research,
development, and
testing
services
Management, consulting,
and public
relations
services
Legal services
Construction, engineering,
architectural, and
mining
services '
Installation,
maintenance, and
repair of
equipment
Industrial
engineering
Line
Other2
278
1,276
697
1,848
188
107
39
182
73
98
307
133
616
107
1
31
136
85
366
8
8
2
11
7
P)
20
P)
286
9
2
80
P)
(D)
9
5
6
292
13
26
39
14
39
113
(D)
(D)
15
7
2
773
4
84
124
54
39
59
63
0
(D)
11
95
2
1
n
13
0
1
2
0
0
21
1
1
1
5
22
0
4
5
1
0
160
1
P)
14
0
22
102
0
0
14
1
5
190
1
8
28
34
5
49
1
3
P)
3
4
5
6
7
8
81
0
0
0
0
0
0
3
0
1
11
P)
8
73
8
0
0
P)
P)
3
10
53
45
63
63
0
0
0
0
0
0
9
9
0
0
5
1
2
0
0
0
1
1
0
0
n
n0
n
n0
0
0
0
0
0
0
60
0
2
0
0
0
D
n9
11
5
8
( )
1
4
7
( )
2
2
8
6
10
75
57
0
6
27
D
( )
26
45
309
78
15
14
1
4
4
3
2
1
0
1
187
(D)
15
26
70
32
(D)
(D)
(D)
(D)
331
(D)
4
1
103
43
(D)
(D)
P)
(D)
88
88
1
3
70
3
11
0
0
0
132
519
150
18
1
17
52
6
46
4
n3
n9
36
1
7
28
125
21
79
26
32
0
19
13
18
8
5
5
0
0
77
3
0
2
0
16
27
1
0
0
0
(D)
D
( )
342
19
22
8
(D)
107
16
2
11
D
( )
86
115
12
5
4
6
59
5
3
3
3
4
5
6
369
7
18
8
(D)
237
16
0
5
5
29
17
(D)
19
142
18
64
1
265
2
72
2
(DD
^
n1
2
28
4
3
3
1
1
0
(Db2)
8
2
0
n9
1
n
p)8
n0
0
n
n4
2
14
31
P)
1
1
5
3
1
1
0
0
0
1
1
0
n0
1
n
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
397
86
22
6
38
23
(D)
104
P)
9
0
0
0
0
0
0
0
0
0
0
0
0
4
0
4
0
0
0
4
0
4
0
0
0
1
n0
n0
0
0
0
0
6
6
0
0
n0
1
9
1
4
4
1
0
0
1
0
0
85
2
3
0
0
75
1
0
0
0
2
2
0
22
33
0
0
19
92
P)0
58
0
0
0
10
n0
6
0
0
0
0
6
0
0
0
0
0
0
0
225
31
13
677
4
56
55
0
0
n0
1
n
n0
1
0
16
0
0
0
2
2
1
n
n0
n0
0
n
1
(D)
0
0
0
0
0
0
0
1
0
15
1
0
0
1
0
1
0
17
37
12
0
78
0
n0
p)
n0
n
(D)
3
0
0
D
( )
n1
0
0
0
5
P)
41
P)
0
0
0
14
0
P)
20
p)
19
0
22
0
n0
n0
1
P)0
0
0
0
0
1
4
n2
n6
p)3
10
10
0
9
10
11
12
13
14
1
4
0
0
0
15
16
17
18
19
20
21
22
23
24
60
13
25
1
0
0
n
26
27
28
0
0
0
0
29
30
31
32
13
2
1
1
0
4
0
0
5
1
n0
33
34
35
36
37
38
39
40
41
42
43
44
45
n
n
n
1
1
n
n0
14
7
0
0
1
11
n5
0
0
13
2
14
P)
18
26
46
132
3
92
0
173
0
39
0
47
48
122 • September 1992
SURVEY OF CURRENT BUSINESS
Table 9.4.—Business, Professional and
[Millions
Receipts
Line
Total
1
All countries
2 Canada
3 Europe
4
Belgium
5
France
6
Germany, Federal Republic of
7
Italy
8
Netherlands
9
Norway
10
Spain
11
Sweden
12
Switzerland
13
United Kingdom
14
Other
:
15 Latin America and Other Western Hemisphere
16
South and Central America
17
Argentina
18
Brazil
19
Mexico
20
Venezuela
21
Other
22
Other Western Hemisphere
23
Bermuda
24
Other
Africa
South Africa
Other
29
30
31
32
Middle East
Israel
Saudi Arabia
Other
33
34
35
36
37
38
39
40
41
42
43
44
45
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
46
*D Less than $500,000.
514
Research,
development, and
testing
services
Management,
consulting, and
public relations
services
978
205
375
300
Construction,
engineering,
architectural,
and miningl
services
Legal
services
397
939
22
73
17
10
32
18
32
1,494
77
207
250
67
90
23
54
41
61
437
186
17
0
3
2
0
3
317
14
19
94
14
13
12
13
13
4
101
21
55
1
93
1
10
37
4
3
0
1
1
3
31
1
n
96
7
19
5
12
2
2
1
27
9
1
5
1
39
3
144
7
29
11
5
8
1
1
6
6
59
11
130
15
5
4
10
4
4
10
1
1,150
1,073
22
90
469
121
371
77
12
65
18
50
47
2
22
12
7
4
3
10
7
0
1
6
17
11
1
2
4
3
1
6
189
176
4
10
1
n
13
1
12
n0
0
0
9
0
n6
9
n1
2
2
2
0
0
nn
11
0
8
6
n2
2
n2
n
39
38
1
258
24
223
108
103
545
170
20
149
3
6
2
0
0
0
n3
1
1
0
78
7
71
463
36
228
200
16
2
11
2
1
1
10
1
16
0
0
0
173
7
66
100
1,421
122
54
32
53
637
142
29
18
19
88
128
124
234
34
4
7
4
129
19
2
3
1
4
9
18
23
2
1
0
0
16
1
0
210
1
0
2
(D)
119
1
0
0
0
0
87
1
8
0
0
72
2
0
0
0
0
3
1
906
280
47
114
1,273
17
274
2
..
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outlays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
145
2,088
Unallocated
Addenda:
47
European Communities (12)
48
Eastern Europe
6,152
Data base
and other
information services
2
1
1
25 Other countries
26
27
28
Advertising
Computer
and data
processing services
n2
0
2
n
n
12
294
21
2
6
11
33
62
8
2
127
0
and mining services are not published net of merchandise imports and oulays for wages and other expenses. Data
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2, lines 40-48 for details.
SURVEY OF CURRENT BUSINESS
September 1992
Technical Services, Unaffiliated, 1989
of dollars]
Receipts
Installation,
maintenance, and
repair of
equipment
Industrial
engineering
Payments
Other2
Total
Advertising
Computer
and data
processing
services
Data base
and other
information
services
Research,
development, and
testing
services
Management, consulting,
and public
relations
services
Legal services
Construction, engineering,
architectural, and
mining
services '
Installation,
maintenance, and
repair of
equipment
Industrial
engineering
Line
Other2
219
1,717
878
1,971
228
46
31
133
143
81
443
53
704
109
1
11
192
107
363
10
9
3
8
7
2
17
7
293
7
2
60
(D)
13
7
5
1
0
7
1
1
7
D
( )
437
16
90
51
9
49
5
14
12
16
109
65
146
(D)
13
31
6
6
1
3
2
2
35
D
( )
800
15
47
103
56
14
1
10
112
32
338
71
77
1
10
13
5
1
0
8
0
6
20
67
54
1
4
16
2
22
1
3
3
249
31
3
9
5
0
4
(D)
1
7
1
227
(D)
5
40
32
5
45
(D)
2
3
3
1
0
2
3
4
5
6
7
8
9
10
11
12
13
14
9
8
1
4
2
1
367
350
2
1
116
D
( )
(D)
17
0
17
114
109
4
4
0
480
465
12
48
326
42
37
15
0
15
n5
n
n
n0
129
468
169
480
104
2
n2
56
6
50
(°)
1
(D)
13
47
1
(D)
D
( )
138
22
101
16
(D)
51
9
5
37
80
1
0
113
13
6
6
D
( )
58
8
5
4
4
(D)
7
8
414
13
25
4
40
239
19
3
2
4
10
274
36
26
3
13
110
20
14
7
13
32
3
-3
11
140
90
215
55
2
397
1
109
1
637
7
0
0
0
0
0
34
28
n1
1
0
16
(D)
n
3
90
2
13
5
n
13
n9
29
24
9
n1
n
n0
0
0
0
0
n
n3
n1
0
0
0
n
n
12
4
1
1
n0
1
1
0
14
1
0
3
1
41
3
0
0
0
0
0
0
0
0
0
0
n1
1
1
0
0
0
0
0
0
0
0
0
0
15
6
0
0
0
0
0
0
0
0
0
3
2
n0
0
0
0
0
101
2
4
0
0
83
3
0
0
0
2
6
15
1
2
1
0
5
0
0
0
4
1
0
3
37
6
n2
1
n
1
n0
0
n0
0
1
3
21
4
3
3
0
1
n
n0
1
n
n
12
1
1
1
0
1
n15
n4
8
5
0
0
3
0
3
3
n1
n0
0
0
0
0
0
0
0
0
0
0
0
0
85
85
0
14
13
0
5
6
1
0
1
15
16
17
18
19
20
21
22
23
24
85
17
25
0
1
0
1
26
27
28
0
0
0
0
n0
n0
n
(D0)
1
(D)
(D)
n
n0
0
0
0
n2
21
62-
10
159
1
0
0
0
10
0
10
D
2
0
2
0
0
0
0
0
6
6
0
0
4
0
4
0
(D)
15
48
2
n
6
0
0
0
0
6
0
0
0
0
0
0
0
0
14
0
0
0
0
0
0
0
33
13
2
73
0
8
0
18
0
n
0
n
n0
n
0
(D)
33
(D)
2
n
n2
n0
1
n
n
9
1
4
0
0
4
0
0
n0
n
(D1)
1
2
(D)
67
(°)
0
n7
(D)
6
n
17
n
n
n
n
n
n
1
n
(D)
16
80
41
n
1
0
0
0
0
1
n
80
0
4
n0
n
5
4
79
4
13
0
0
19
5
n6
1
29
30
31
32
n
n0
3
19
12
4
n
(D)
n0
33
34
35
36
37
38
39
40
41
42
43
44
45
6
4
1
0
0
0
0
0
0
0
47
11
13
15
29
46
21
0
141
4
27
0
204
0
35
3
47
48
4
n0
n
n0
37
17
61
0
49
0
H
0
D
()
0
0
124 • September 1992
SURVEY OF CURRENT BUSINESS
Table 9.5.—Business, Professional, and
[Millions
Receipts
Line
Total
1
All countries
2 Canada
3 Europe
4
Belgium
5
France
6
Germany3
7
Italy
8
Netherlands
9
Norway
10
Spain
11
Sweden
12
Switzerland
13
United Kingdom
14
Other
15 Latin America and Other Western Hemisphere
16
South and Central America
17
Argentina
18
Brazil
19
Mexico
20
Venezuela
21
Other
22
Other Western Hemisphere
23
Bermuda
24
Other
25 Other countries
Advertising
Computer
and data
processing services
Data base
and other
information services
Research,
development, and
testing
services
Management,
consulting, and
public relations
services
1,000
6,787
130
283
384
354
451
705
420
25
76
17
11
37
• 19
-75
1,828
108
194
296
96
127
25
86
53
108
550
185
23
292
157
5
25
23
13
(D)
6
13
81
22
82
1
8
17
4
2
5
1
3
162
8
16
86
27
13
70
1
11
10
3
4
0
2
2
3
31
2
170
0
26
13
2
(D)
16
35
7
39
13
1
1
0
0
1
15
12
3
2
2
0
0
3
1
1
8
0
1
3
3
1
2
2
1
86
150
503
3
0
3
84
3
81
963
896
20
62
388
143
283
66
6
61
3
2
1
2
1
3
0
0
8
13
39
0
13
19
4
3
n
9
0
0
8
0
2
4
2
2
n
n0
2,568
269
68
239
26
27
28
Africa
South Africa
Other
226
19
207
11
7
3
0
0
0
3
0
3
29
30
31
32
Middle East
Israel
Saudi Arabia
Other
416
37
273
105
15
3
11
2
2
22
4
33
34
35
36
37
Asia and Pacific
Australia
Hong Kong
India
Indonesia
1,926
114
68
29
98
n
38
Japan
830
39
40
41
42
43
44
45
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
208
46
21
56
75
203
178
244
24
2
5
4
155
13
2
4
3
6
9
15
1,008
324
1,504
31
250
2
46
Unallocated
Addenda:
47
European Communities (12)
48
Eastern Europe
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outlays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
and mining services are not published net of merchandise imports and oulays for wages and other expenses. Data
Construction,
engineering,
architectural,
and mining]
services
Legal
services
n0
4
1
n1
53
3
n
o
n1
n4
n4
n
9
25
11
2
2
29
2
n
76
11
62
-9
10
99
83
3
10
8
24
37
16
n
16
66
2
50
15
126
1
7
0
214
1
4
1
0
147
2
n
112
3
0
1
n0
n
0
0
0
2
115
9
29
11
7
11
0
1
353
9
3
7
48
34
91
18
n6
(D)
74
50
60
103
16
46
124
148
2
122
n
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2, lines 40-48 for details.
3. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
September 1992 •
SURVEY OF CURRENT BUSINESS
12J
Technical Services, Unaffiliated, 1990
of dollars]
Receipts
Industrial
engineering
Installation,
maintenance, and
repair of
equipment
Payments
Other2
Total
Advertising
Computer
and data
processing
services
Data base
and other
information
services
Research,
development, and
testing
services
Management, consulting,
and public
relations
services
Legal services
Construction, engineering,
architectural, and
mining
services 1
Industrial
engineering
Installation,
maintenance, and
repair of
equipment
Line
Other2
504
2,031
945
1,990
245
44
54
210
135
111
266
75
714
135
1
9
195
106
359
6
9
4
11
9
2
13
8
265
31
2
238
(D)
29
11
9
3
4
10
3
490
15
48
69
13
68
5
18
15
144
1
D
)
42
7
(D)
1
5
D
)
705
9
49
100
27
26
3
6
31
68
9
0
4
2
36
31
1
3
6
2
38
0
4
8
1
115
3
5
4
0
8
34
253
3
12
29
9
6
0
1
6
37
1
4
D
( )
2
n
n0
n0
81
1
3
8
3
6
2
D
0
2
( )
3
4
5
6
7
8
9
10
11
D
30
323
3
27
0
2
10
114
5
(D)
12
13
s
22
129
)
)
D
0
8
11
6
2
0
1
n2
8
1
2
0
n
n1
n8
21
5
36
n
n
1
1
n0
n
n1
9
21
13
88
45
98
7
0
1
8
7
2
16
16
1
3
7
4
2
0
0
0
375
356
11
29
219
59
38
19
0
19
391
373
1
6
122
49
195
18
0
18
127
124
1
2
103
0
18
2
2
1
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
4
0
0
4
4
1
1
1
0
1
0
0
0
223
777
207
550
129
15
6
2
4
109
6
103
D
( )
0
(D)
11
11o
0
0
0
28
2
(D)
D
( )
208
22
154
32
D
)
0
17
D
)
15
10
2
3
190
8
1
2
3
67
43
0
1
D
( )
8
16
(D)
460
39
32
4
7
141
39
19
14
11
26
35
92
167
14
9
8
32
65
8
5
4
(D)
D
)
D
)
11
17
193
200
2
421
12
1
0
0
n0
n0
(°)3
(D)
7
n3
(DD)
( 0)
0
0
0
n
n
3
14
16
16
0
n0
n
0
7
1
1
0
15
16
17
18
19
20
21
22
23
24
63
4
4
0
0
1
0
3
96
96
0
n
n0
0
0
0
0
0
0
0
0
0
0
n0
n
0
n
n
n
n
n
n9
n0
n
n0
0
0
0
0
3
0
0
0
10
72
69
15
112
26
83
21
25
0
0
0
0
0
0
0
0
0
4
0
4
6
0
6
0
0
0
0
n0
n
(D)
n1
26
27
28
0
0
0
0
n0
n
n
n0
n
0
0
0
3
2
1
0
n
n0
1
n1
525
29
18
2
33
299
32
3
18
7
30
30
24
126
5
4
0
0
99
9
0
0
0
2
6
15
3
0
2
0
4
25
0
1
0
0
80
n
10
0
0
0
0
9
0
0
0
0
0
0
0
99
250
38
105
(D)
625
2
62
0
1
0
(D)
(°)0
0
2
2
0
0
(D)
n0
63
2
0
D0
(24D)
r
0
14
3
2
1
0
n
n
0
n
n0
n3
(D)
n0
105
(D)
1
0
D
( )
47
0
0
0
0
5
3
5
10
5
45
22
54
9
0
34
0
63
26
0
36
0
n0
n5
n
( 0)
0
n0
n
n0
(D)
2
(D)
1
n0
6
0
0
2
0
1
(°)D
( 0)
0
0
0
0
0
22
8
98
1
34
0
91
0
4
3
1
0
2
0
(D)
n1
1
D0
()
n0
29
30
31
32
n
1
n2
1
33
34
35
36
37
38
39
40
41
42
43
44
45
17
30
46
234
0
28
47
48
n9
n0
23
5
1
D
( )
1
21
14
0
n
126 • September 1992
SURVEY OF CURRENT BUSINESS
Table 9.6.—Business, Professional, and
[Millions
Receipts
Line
Total
1
All countries
Advertising
Computer
and data
processing services
Data base
and other
information services
Research,
development, and
testing
services
Management,
consulting, and
public relations
services
Construction,
engineering,
architectural,
and mining
services1
Legal
services
10,403
179
1,714
403
559
661
1,173
840
26
142
54
17
47
65
75
3 Europe
4
Belgium
5
France 1
6
Germany3
7
Italy
8
Netherlands
9
Norway
10
Spain
11
Sweden
12
Switzerland
13
United Kingdom
14
Other
3,470
104
374
586
186
183
74
133
115
197
1,153
365
44
(*)
6
9
4
5
735
16
77
187
76
210
3
322
5
23
9
9
60
23
19
246
6
31
32
15
14
5
8
21
17
77
21
626
31
8
184
2
24
26
5
7
15 Latin America and Other Western Hemisphere
16
South and Central America
17
Argentina
18
Brazil
19
Mexico
20
Venezuela
21
Other
22
Other Western Hemisphere
23
Bermuda
24
Other
1,300
1,138
16
65
479
218
360
162
22
140
66
65
- 1
19
23
11
11
1
17
13
0
2
7
1
3
4
2
1
14
13
70
60
226
1
0
1
26
4
27
10
5
5
46
27
2
6
12
4
4
19
14
2 Canada
25 Other countries
29
32
28
213
37
19
35
15
2
6
7
13
86
15
1
0
2
5
n6
n2
36
96
73
21
29
15
4
17
31
270
33
1,293
(D)
12
2
(D)
17
2
n
135
74
147
3
6
16
85
37
78
1
77
4,409
629
101
325
262
385
669
26
27
28
Africa
South Africa
Other
396
47
349
20
17
3
2
1
1
34
1
33
48
2
46
2
1
2
77
4
73
29
30
31
32
Middle East
Israel
Saudi Arabia
Other
648
67
438
143
34
12
21
1
4
2
1
1
11
6
2
4
25
4
12
28
4
7
17
203
1
193
9
33
34
35
36
37
38
39
40
41
42
43
44
45
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
3,365
242
113
50
138
1,502
469
83
36
50
166
231
285
576
74
8
5
7
332
62
6
6
6
16
44
10
96
9
3
2
D
66
4
D
2
280
8
2
1
1
164
9
W
189
354
17
12
388
13
7
4
83
52
57
33
2
2
fl
385
141
21
19
36
51
1
2,881
66
647
1
180
2
97
193
3
539
2
281
46
Unallocated
47
48
Addenda:
European Communities (12)
Eastern Europe
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outlays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
and mining services are not published net of merchandise imports and oulays for wages and other expenses. Data
n4
23
16
5
13
91
3
1
2
7
2
1
24
n
n
302
5
n3
5
2
3
3
23
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2, lines 40-48 for details.
3. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
September 1992 •
SURVEY OF CURRENT BUSINESS
12J
Technical Services, Unaffiliated, 1991
of dollars]
Receipts
Installation,
maintenance, and
repair of
equipment
Industrial
engineering
Payments
Other2
Total
Advertising
Computer
and data
processing
services
Data base
and other
information
services
Research,
development, and
testing
services
Management, consulting,
Legal servand public
ices
relations
services
Construction, engineering,
architectural, and
mining
services '
Installation,
maintenance, and
repair of
equipment
Industrial
engineering
Line
Other2
540
2,493
1,388
2,642
291
110
51
250
170
222
323
31
627
567
1
20
232
162
340
20
16
7
28
10
14
40
7
127
71
2
208
7
16
5
7
2
(D)
(D)
1
598
26
56
108
16
72
10
25
20
297
3
26
(°)
15
12
(D)
(D)
6
1,121
98
6
20
14
6
2
50
1
10
19
1
1
33
119
5
4
10
4
11
2
1
16
64
2
5
8
4
2
2
124
2
6
28
4
4
8
2
3
78
5
2
9
1
4
0
P
14
1
0
5
3
0
0
0
0
261
3
15
30
20
4
(*)
2
3
280
18
23
28
10
12
(*)
5
3
4
5
6
7
8
9
10
11
R
22
164
6
49
2
23
3
54
0
6
7
127
9
148
12
13
28
79
56
17
16
459
442
3
2
1
0
1
360
346
8
22
237
42
36
13
0
13
n2
n0
n
279
42
86
155
53
42
11
17
46
n3
3
n
n2
3
32
6
9
129
9
1
9
9
1
4
2
n
20
238
218
14
13
150
4
37
20
17
3
1,258
435
843
16
3
13
127
6
122
70
13
57
18
2
11
4
284
32
173
80
245
7
n
4
n2
0
n
n0
n
n
n
25
1
n
n0
n
n0
n0
0
0
0
0
3
3
n
n6
n
n
n
152
36
9
71
71
57
2
55
n0
n
0
0
0
0
0
0
11n
12
11
38
2
18
17
57
20
11
26
7
3
4
1
4
3
1
0
n
n0
n
328
25
20
12
17
158
8
(D)
1
7
D
( )
8
57
716
51
24
5
71
338
36
14
5
23
61
39
49
144
9
5
32
9
0
2
0
8
9
n
847
60
42
20
11
246
178
25
21
20
89
46
90
5
1
n0
1
16
46
36
99
12
8
143
19
521
14
239
9
967
24
90
40
0
n
11n
n
0
5
43
139
n
n
n
12
/E>\
s
n
136
68
231
19
n
37
503
n0
116
7
n
n
n1
n
0
0
0
0
0
n0
1
11
n
n
n0
8
n0
n0
n0
n
1
32
n
n2
31
n
13
14
9
n
0
50
(°)
14
15
11
1
2
5
14
14
5
1
2
15
15
1
4
6
2
2
1
23
16
4
0
1
1
9
7
7
121
119
0
n
4
0
0
0
0
0
0
4
4
0
37
35
1
2
16
1
14
3
3
n
15
16
17
18
19
20
21
22
23
24
54
176
3
105
166
25
2
16
0
16
0
0
0
n0
n
16
1
16
26
27
28
3
31
(D)
P
29
30
31
32
123
8
8
2
33
34
35
36
37
38
39
40
41
42
43
44
45
n3
n
n
n
n2
117
2
0
2
11n
0
3
n
n
n2
n
2
1
1
5
0
3
2
n
n0
57
7
57
5
50
9
3
155
D
2
21
2
4
102
1
7
0
1
11
3
6
17
4
(D)
3
1
2
6
4
(D)
2
2
n
0
n0
n
n
n3
n2
n
0
(D)
65
2
0
0
6
15
4
2
9
(D)
3
0
0
0
0
2
0
0
0
0
0
0
1
18
11
14
5
2
9
18
46
91
50
1
106
2
55
5
14
0
241
0
246
16
47
48
1
n
31
n
n1
n
n
P
0
1
1
n1
n1
24
3
n0
n
n
n
52
n
53
SURVEY OF CURRENT BUSINESS
128 • September 1992
Table 10.-—Sales of Services by Nonbank Majority-Owned Foreign
Affiliates of U.S. Companies and by Nonbank Majority-Owned
U.S. Affiliates of Foreign Companies
[Millions of dollars]
1989
Table 11.—Sales of Services to Foreign Persons by Nonbank
Majority-Owned Foreign Affiliates of U.S. Companies, and to
U.S. Persons by Nonbank Majority-Owned U.S. Affiliates of Foreign
Companies, by Country1
[Millions of dollars]
1990
Sales by MOFA's to
foreign persons
Sales by foreign affiliates
Total
109,631
18862
90,769
130,898
20802
110,097
To U.S. persons
To U.S. parents
To unaffiliated U.S persons
10,405
6,057
4,348
12,255
7,505
4,749
To foreign persons .
To other foreign affiliates
To unaffiliated foreign persons
99226
12,805
86420
118,643
13,296
105347
85371
6794
78,577
104,097
5,655
98,442
13855
14,546
6,011
7,641
7,844
6,905
To affiliated persons
To unaffiliated persons
Local sales .
To other foreign affiliates
To unaffiliated foreigners
. . .
. .
Sales to other countries
To other foreign affiliates
To unaffiliated foreigners
99,877
94169
5,708
3344
44
2,320
116,878
110,107
6,77!
3623
122
3,027
NOTE.—Sales of services in this table are those characteristic of the following industries: Industries in the
"services" division of the Standard Industrial Classification; finance (except banking), insurance, and real estate;
agricultural, mining, and petroleum services; and transportation, communication and public utilities. The exclusion
of banking reflects the limitation of the data to nonbanks, not a judgment that banking is not a service.
All countries
Canada
99,226
.
1990
118,643
1989
1990
94,169
110,107
16,065
16,065
18,874
22,594
53,132
2,412
7,070
6,884
3,532
5,138
595
1,576
(D)
2,413
19,716
(D)
68,557
3,074
8,833
8,385
4,787
7,839
634
1,955
(D)
2,978
25,414
(D)
57,410
(D)
4,4565,095
P)
7,374
395
144
(D)
8,763
27,406
1,914
64,534
409
5,085
5,314
(D)
7,927
306
219
(D)
12,198
28,878
2,141
6,139
8,094
2,428
2,296
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
3,541
477
1,459
723
251
631
3,924
437
1,921
628
280
658
522
9
20
106
39
348
468
9
14
95
94
256
Other Western Hemisphere
Bermuda
Other
2,598
(D)
(D)
4,170
(D)
(D)
1,906
490
1,416
1,828
682
1,146
21,299
23,290
15,004
20,168
563
35
528
627
39
588
293
(D)
(")
181
1,101
338
(D)
(D)
1,168
(D)
(D)
384
1,706
95
424
1,187
1,652
92
546
1,013
19,635
3,880
2,777
34
157
9,787
(D)
282
382
(D)
762
595
505
21,495
4,031
3,055
13,005
3,607
807
(T
4
7,504
36
16
(D)
50
61
(D)
52
18,336
4,448
917
0
2,590
2,637
Europe
Belgium
France
Germany2
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
. .
.
Latin America and Other Western Hemisphere
Sales by U.S. affiliates
Total
To U.S. persons
To foreign persons
To the foreign parent group
To foreign affiliates
To other foreigners
1989
Sales by MOUSA's
to U.S. persons
Other countries
. .
Africa
South Africa
Other
Middle East
Israel
Saudi Arabia
Other
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
International 3
....
£
10,198
366
298
430
(D)
1,197
763
716
4
United States
Addenda:
European Communities (12)
Eastern Europe
47,938
(D)
62,204
(D)
8
12,623
71
16
(D)
26
83
(D)
66
453
515
46,563
14
49,907
14
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
MOFA Majority-owned foreign affiliate
MOUSA Majority-owned U.S. affiliate
1. For MOFA's, "country" is the country of the affiliate; for MOUSA's, it is the country of the affiliate's ultimate
beneficial owner.
2. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
3. Foreign affiliates classified in "International" are those that have operations in more than one country and
that are engaged in petroleum shipping, other water transportation, or operating movable oil- and gas-drilling
equipment.
4. Contains data for U.S. affiliates that have a foreign parent but whose ultimate beneficial owner is a U.S.
person.
SURVEY OF CURRENT BUSINESS
September 1992 •
12p
Table 12.1.—Sales of Services to Foreign Persons by Nonbank Majority-Owned Foreign Affiliates of U.S. Companies, Industry
of Affiliate by Country of Affiliate, 1989
[Millions of dollars]
Europe
Of which:
All
coun- Canada
tries
Total
France
All industries
99,226
Petroleum
16,065
53,132
7,070
D
5,963
418
1,942
()
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
13,272
157
358
113
11,057
1,587
1,479
2
217
82
835
343
8,745
129
109
21
7,692
795
1,595
0
0
D0
Wholesale trade
14,583
911
9,825
1,372
Retail trade
386
Finance, except banking
.
.
8,925
Insurance
Real estate
18,201
. .
. . . .
Services
Hotels and other lodging places
Advertising
Equipment rental and leasing, except autos and computers
Computer and data processing services
Motion pictures, including television tape and film
Engineering architectural and surveying services
Accounting research management and related services
Health services
'.
Other
Other industries
Agriculture forestry and fishing
Mining . . . .
Construction
Transportation
.
.
Communication
Public utilities
29,493
2,007
3,367
516
5,613
3,618
3,456"
3,941
690
6,283
7,311
.
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1,092
4
104
189
3,732
1,623
1,658
D
( )
835
D
( )
D
( )
(D)
()
D
( )
Germany.
NetherFederal
lands
Republic of
6,884
D
( )
2,164
9
1
1
(D)
(D)
1,037
D
( )
5,138
Swit- United
zerland Kingdom
2,413
19,716
Latin
America and
Other
Western
Hemisphere
6,139
Other countries
Of which:
Total
21,299
International
Australia
3,880
229
D
( )
1,055
413
1,150
217
881
30
0
0
(D)
D
( )
0
1,992
75
61
19
(D)
(D)
911
10
29
1
2,137
17
4
8
(D)
D
( )
142
17
2
8
(D)
(D)
488
985
2,061
740
0
3
D
0
0
0
0
0
236
290
( )
529
D
D
D
( )
3,418
(D)
(D)
2
3,106
1,072
Japan
9,787
D
( )
0
1
D0
(D)
()
906
130
D
( )
(D)
D
(D)
619
( )
298
4,369
( )
329
79
( )
2,852
2,046
6,725
215
(D)
(D)
1
(D)
(D)
13
19
(D)
0
(D)
3,642
215
251
167
588
405
345
364
20,183
940
2,323
297
4,307
2,771
2,491
2,765
468
3,821
2,876
178
236
(D)
429
166
177
468
0
(D)
2,424
227
299
(D)
580
176
273
319
0
(D)
2,804
69
294
729
(D)
33
0
233
(D)
7,655
177
751
12
1,886
889
1,227
1,006
295
1,411
1,234
435
(D)
39
4,435
418
(D)
14
(D)
380
600
646
(D)
(D)
1,648
(D)
417
0
140
152
(D)
106
(D)
309
1,155
(D)
(D)
0
177
121
(D)
239
0
438
(D)
0
2
D
( )
1,260
62
394
(D)
0
2
0
49
(D)
0
0
D0
190
0
0
2
D
( )
21
(D)
(D)
0
0
D
( )
(D)
2
(D)
155
0
4
3
(D)
50
(D)
s(D
^
95
1$
1,430
274
T
()
0
0
fl
1,249
449
79
0
(D)
191
(D)
86
(D)
0
0
D0
( 0)
0
p)62
21
166
(D)
(D)
1,638
4
4
12
D
( )
81
945
2,041
1,940
455
5,061
2,590
4,461
549
(D)
0
(D)
D
( )
57
65
(D0
^
0
(D)
0
0
549
SURVEY OF CURRENT BUSINESS
September 1992
Table 12.2.—Sales of Services to Foreign Persons by Nonbank Majority-Owned Foreign Affiliates of U.S. Companies, Industry
of Affiliate by Country of Affiliate, 1990
[Millions of dollars]
Latin
AmerOf which:
ica and
Other
United WestNetherern
SwitGermaFrance
Hemilands zerland Kingny
dom sphere
Europe
All coun- Canada
tries
All industries
Total
Other countries
Of which:
Total
Australia
International
Japan
118,643
16,065
68,557
8,833
8,385
7,839
2,978
25,414
8,094
23,290
4,031
10,198
2,637
7,783
527
3,515
(D)
(D)
252
243
2,240
491
1,163
165
(D)
2,086
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
15,821
68
306
61
13,495
1,890
1,817
2
114
29
(D)
(D)
10,636
40
145
30
9,454
966
1,849
0
0
D0
2,496
0
1
0
0
0
1,039
18
43
1
(D)
(D)
121
8
3
0
2,290
2
58
26
(D)
(D)
2,329
8
(D)
()
n2
(DD)
()
1,155
26
10
0
(D)
(D)
2,145
0
1
0
D
( )
(D)
Wholesale trade
15,504
993
10,693
1,527
890
543
1,050
2,138
675
3,142
D
Petroleum
Retail trade
508
D
( )
Finance except banking
10,791
Insurance
Real estate
Services
Hotels and other lodging places
Advertising
Equipment rental and leasing, except autos and computers
Computer and data processing services
Motion pictures including television tape and film
Engineering architectural and surveying services .
Accounting research management and related services
Health services
Other
Other industries
Agriculture forestry and fishing
Mining
Construction
Transportation
Communication
Public utilities
* Less than $500,000.
D
Suppressed to avoid disclosure of individual companies.
.
.
.
1
( )
( )
( )
D
( )
(D)
504
4,946
701
(D)
315
(D)
151
3,282
3,325
6,881
250
4,044
62
16
D
( )
0
(D)
259
( )
( )
( )
6
933
(D)
290
347
(D)
20,876
5,391
5,279
(D)
382
322
1,368
512
( )
38,561
2,605
4,024
678
7,738
5,181
4,709
5,099
369
8,157
3,897
273
280
177
632
332
(D)
410
(D)
1,340
7,431
6
94
211
4,520
262
2,337
(D)
0
85
(D)
1,372
2
332
D
960
D
D
D
fi
1,096
D
D
D
fl6
(D)
D
( )
1
( )
1
27,694
1,072
2,982
441
5,814
4,264
3,674
3,742
222
5,482
3,826
204
300
(D)
546
227
352
742
0
(D)
3,260
238
370
(D)
897
211
377
413
0
(D)
4,956
65
369
(D)
711
2,527
775
116
0
(D)
1,008
(D)
42
0
340
38
6
320
51
(D)
9,666
183
941
48
2,253
959
1,715
1,185
126
2,256
1,255
436
85
49
192
(D)
46
133
(D)
231
5,715
824
676
11
1,100
(D)
(D)
813
(D)
1,104
1,747
(D)
459
0
243
128
(D)
152
(D)
291
1,530
(D)
(D)
0
171
219
30
272
0
449
2,688
73
0
1
0
70
2
0
(D)
0
0
0
643
(D)
0
0
(D)
107
(D)
(D)
13
0
0
0
13
0
0
(D)
f
(D)
2
4
3
438
D
( )
(D)
(D)
4
4
(D)
544
111
(D)
(D)
4
0
88
0
0
0
88
0
0
0
2
66
1,616
(D)
(D)
$
r]
(D)
685
2
(D)
8
8
550
550
SURVEY OF CURRENT BUSINESS
September 1992
Table 13.1.—Sales of Services to U.S. Persons by Nonbank Majority-Owned U.S. Affiliates of Foreign Companies, Industry of
Affiliate by Country of UBO, 1989
[Millions of dollars]
Europe
All
countries
All industries
Canada
Total
Germany,
France Federal
Republic of
Latin
AmerOf which:
ica and
Other
WestUnited
Nether- Switern
Hemilands zerland Kingdom sphere
Other countries
Of which:
Total
United
States
Australia
Japan
94,169
18,874
57,410
4,456
5,095
7,374
8,763
27,406
2,428
15,004
3,607
7,504
453
Petroleum
2,304
720
1,043
0
14
107
24
(D)
(D)
(D)
41
1
41
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
7,938
613
(D)
(D)
1,979
3,211
D
(D)
569
8
79
0
0
0
2
78
3,489
(D)
(D)
0
1,891
1,888
(D)
0
23
D
( )
285
6
1,678
117
29
621
605
92
0
0
(D)
(D)
0
S
1,162
1,600
<i !
(D)
177
44
4
(D)
59
(D)
15
14
0
0
0
1
58
13
4
2
13
25
0
0
0
0
0
0
Wholesale trade
2,669
168
1,454
124
279
122
23
529
28
1,018
2
912
1
7
0
0
10
1
(D)
3
20
(D)
(D)
Retail trade
( )
0
0
(D)
8
775
247
( )
84
4,591
194
2,904
166
Insurance
32,575
8,849
23,095
169
(D)
5,483
5,618
8,914
46
Real estate
11,285
4,163
3,326
202
382
775
270
1,398
373
( )
1,643
47
(D)
(D)
320
0
164
51
0
228
914
5
0
4
660
20
0
0
D
( )
12
37
(D)
0
32
D
7,989
504
(D)
209
435
(D)
364
963
4
2,671
639
(D)
0
1,462
14
0
(D)
D
( )
22
(D)
509
(D)
1
(D)
238
2
(D)
(D)
(D)
(D)
0
D0
Finance, except banking
D
Services
Hotels and other lodging places
Advertising
Equipment rental and leasing except autos and computers
Computer and data processing services
Motion pictures including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other
21,036
2,987
2,328
588
1,589
3,582
1,918
1,278
756
6,009
1,603
104
6
(D)
146
(D)
166
.15
(D)
187
13,375
721
2,218
505
1,386
1,244
1,384
1,101
Other industries
Agriculture, forestry, and fishing
Mining
Construction
Transportation
Communication
Public utilities
10,995
90
45
2,518
6,549
390
1,402
(D)
5,783
31
25
1,485
3,586
(D)
(D)
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
UBO Ultimate beneficial owner
D
20
(D)
(D)
(D)
(D)
8
n
(D)
17
B
144
0
0
144
0
0
( )
51
0
20
4
0
(D)
17
0
(D)
%
40
0
7
186
1,837
8
(
3
56
(D)
1
0
D
( )
()
n0
D
( )
D
( )
56
0
1,420
(D)
(D)
(D)
485
(D)
274
99
( )
1,794
(D)
5,378
2,121
(D)
11
50
(D)
(D)
161
0
768
2,120
0
0
10
19
1,802
0
2
0
288
2,511
1,735
(D)
42
(D)
(D)
(D)
2,637
(D)
0
(D)
1,555
1
0
554
0
0
(D)
(D)
0
(D)
773
0
0
D
D
8
0
0
22
4
176
151
0
(D)
6
0
0
0
0
(D)
0
0
D0
( 0)
0
SURVEY OF CURRENT BUSINESS
September 1992
Table 13.2.—Sales of Services to U.S. Persons by Nonbank Majority-Owned U.S. Affiliates of Foreign Companies, Industry of
Affiliate by Country of UBO, 1990
[Millions of dollars]
Latin
America and
Other
United WestNetherern
GermaSwitFrance
ny
Hemilands zerland Kingdom sphere
Other countries
Europe
Of which:
Of which:
All coun- Canada
tries
All industries
Total
110,107
22,594
64,534
5,085
5,314
7,927
12,198
Petroleum
3,204
892
1,253
0
19
75
22
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
7,041
401
(D)
(D)
2,678
1,741
621
0
27
16
578
5,762
364
(D)
121
(D)
1,079
655
(D)
0
D0
188
0
0
10
80
97
1,668
118
(D)
124
( )
0
(D)
0
380
8
Wholesale trade
4,584
376
2,038
119
943
(D)
23
(D)
30
5
5,472
586
3,246
279
517
(D)
(D)
(D)
(D)
( ).
Real estate
13,407
5,134
2,827
209
365
825
255
Services
Hotels and other lodging places
Advertising
Equipment rental and leasing except autos and computers
Computer and data processing services
Motion pictures including television tape and film
Engineering architectural and surveying services
Accounting research management, and related services
Health services
Other
25,259
3,933
2,731
759
2,060
5,259
2,610
577
(D)
(D)
1,932
104
6
(D)
211
(D)
146
14
501
327
15,411
1,318
2,599
498
1,797
1,412
2,239
457
(D)
(D)
3,072
(D)
652
(D)
348
0
893
134
0
258
544
5
0
3
(D)
302
15
0
0
(D)
11
54
(D)
0
30
Other industries
.
Agriculture, forestry, and fishing
Mining
Construction
Transportation
Communication
Public utilities
10,994
102
195
1,421
6,974
6,044
31
175
865
$2
685
13
1
{D
Retail trade
Finance, except banking
Insurance
.
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
UBO Ultimate beneficial owner
8
0
n
20
3
(D)
(D)
(D)
()
a s
540
21
(D)
D
D
n
15
(D)
16
279
2
(D)
12,524
515
( )
1
37
14
521
37
17
(D)
(D)
69
2
2
0
0
0
1
467
25
17
16
341
68
0
0
0
0
0
0
650
14
2,154
0
2,059
1
(D)
53
583
(D)
1,576
(D)
7,679
10,059
2,296
( )
138
0
(D)
53
2,611
(D)
(D)
49
510
766
165
8
2
0
(D)
6,170
<3
0
United
States
Japan
161
D
( )
0
Australia
4,448
28,878
D
l
Total
0
123
n
20,169
D
79
0
1,581
(D)
(D)
(D)
(D)
(D)
(D)
313
853
333
D
(D)
42
0
2
D
( )
0
(D)
16
0
(D)
8,559
671
1,943
204
596
570
(D)
0
8
2
0
D
( )
(D)
0
369
117
( )
D
( )
3,323
(D)
228
4
3,060
0
34
3
1
0
(D)
7,280
2,462
(D)
85
45
(D)
222
105
(D)
768
(D)
0
0
26
1
(D)
0
3
0
(D)
4,304
1,907
(D)
(D)
29
(D)
222
94
(D)
295
67
(D)
(D)
(D)
6
5
0
0
0
0
3,299
1
(D)
D
( )
2,017
(D)
(D)
(D)
(D)
0
0
D
( )
1
0
2,167
(D)
0
554
1,540
1
(D)
(
8
8
(D0
^
D0
(D)
0
8
n
7
0
( )
D
T0
0
0
( 0)
SURVEY OF CURRENT BUSINESS
September 1992
133
Errata
U.S. Affiliates of Foreign Companies
In the May 1992 SURVEY OF CURRENT BUSINESS, some of the cells in tables 2, 3, 6, 12.1, and 12.2 of the
article "U.S. Affiliates of Foreign Companies: Operations in 1990" contained incorrect data for U.S. affiliates.
The tables below show the correct data. Leaders indicate that the original cells contained correct data.
Table 2.—Employment by Nonbank U.S. Affiliates, by Industry
of Affiliate and by Industry of Sales, 1988-90
Table 3.—Employment and Sales by Nonbank U.S. Affiliates, Industry
of Sales by Industry of Affiliate, 1990
[Thousands]
Industry of affiliate
Industry of sales
Petroleum
Petroleum and coal products manufacturing
Manufacturing
Chemicals and allied products
Industrial chemicals and synthetics
Other
Other manufacturing
Miscellaneous plastics products
Instruments and related products
Other industries
Mining
Coal
Unspecified
1990?
1989'
' Total
90.6
3176
150.2
51.7
60.6
7008
7675
43.4
52.7
1092
101 0
364.4
658
225
426.8
788
305
85.1
79.1
Chemicals
and allied
products
All industries
2,006.0
331 2
146.0
1 ,906.6
. . .
Manufacturing
Industry of sales
131 7
1267
86.1
Employment (thousands)
Petroleum
Manufacturing . .
. .
Chemicals and allied products
Other manufacturing
Other industries
Unspecified
131.7
2,006.0
331.2
767.5
426.8
15.0
1,832.1
314.3
695.6
57.2
66.4
79.1
379.9
301.1
48.5
33.6
39.6
p Preliminary.
Table 6.—Employment by Nonbank U.S. Affiliates and Ail Nonbank
U.S. Businesses, 1989 and 1990
Employment by U.S. affiliates
(thousands)
1989'Manufacturing
Petroleum and coal products
Chemicals and allied products
Rubber and plastics products
Instruments and related products
Mining
Unspecified
. . .
1990^
1 993
86
318
101
101
81
85
,
2097
91
331
121
95
79
" Revised.
p Preliminary.
Table 12.1-12.2—Selected Data of Nonbank Affiliates, by Country and Industry of Ultimate Beneficial Owner, 1989 and 1990
[Millions of dollars]
1989
commercial Commercial
property
property
All countries, all industries
124,839
146,611
Canada
27239
29848
Europe
Austria
Belgium
Denmark
Finland
France
44538
69
1 242
176
142
2,745
52014
57
1 600
185
145
4,804
5756
247
477
473
321
9347
8298
307
396
456
423
272
190
63t
3,236
18,758
455
202
138
999
3,792
20,357
244
4,650
4,416
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
2,211
75
405
1 231
166
333
1,456
91
402
433
155
376
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
nthor
2,439
508
576
834
468
52
2,960
514
1,074
872
445
55
543
(D)
524
(D)
M
By country
Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere
Africa
South Africa
Other
r
9611
199C
Assets
199C
1989
Sales
commercial Commercial
property
property
Net
income
9869
10
4420
242
3727
1 089
382
9999
(D)
4800
247
3374
1 124
36790
2795
2072
30,033
426
60
248
197
490
121
348
48,624
2844
2 512
39,942
547
61
995
129
1 212
1 185
39,637
9591
46,317
9652
Government and government-related entities
Individuals, estates, and trusts
Petroleum
Agriculture . .
Mining
Construction
8,558
29,126
4,063
177
307
3,297
9,767
33,937
4,496
180
302
3,665
Transportation, communications, and public utilities
Wholesale and retail trade
Banking
Other finance and insurance
Real estate
Services
5,173
6835
757
11 912
33640
6208
6,653
7952
817
13038
41 919
8459
Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
United States
Addenda:
European Communities (12)
Assets
Sales
Net
income
' (n\
111
315
502
By industry
-4,008
448501
369,669
313,138
-2,191
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STATISTICS
1963-91
And industries, such as:
• Chemicals
• Electric power and gas
• Food and tobacco
• Lumber
• Metals and machinery
• Petroleum and coal
• Pulp and paper
• Transportation equipment
This is the 27th edition of this popular biennial publication. It presents monthly data for 1988-91 and annual data for 1963 -91 for
the approximately 1,900 series that appear each month in the blue pages of the Survey of Current Business. For key series, the
monthly data extend back to 1963.
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9/82
SURVEY OF CURRENT BUSINESS
September 1992
BUSINESS
CYCLE
C-I
INDICATORS
Data tables
Footnotes for pages C-1 through C-5
Charts
C-l
C-6
C-7
Series originating in Government agencies are not copyrighted and may he reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current and historical data for the series shown in the C-pages are available on printouts, diskettes, and the Commerce
Department's Economic Bulletin Board. For more information, write to Business Cycle Indicators Branch, Business Outlook
Division (BE-SZ), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Cycle Indicators Branch.
Series
no.
Year
1991
1992
Series title and timing classification
July
1991
Sept.
Aug.
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
June
May
Apr.
July
Aug.
*
1. COMPOSITE INDEXES
The Leading Index
910 •
•
1•
5*
8*
32 •
204
29*
92*
99*
19*
106*
83*
Composite index of leading indicators, 1982=100 (L,L,L) ....
Percent change from previous month
. . . .
Percent change over 3-month span, AR
Leading index components:
Average weekly hours mfg. (L,L L)
Average weekly initial claims for unemployment
insurance, thous. (L,C,L) » ?.
Mfrs.' new orders, consumer goods and materials,
oil. 1982$ (L.L.L).
Vendor performance, slower deliveries diffusion index,
percent (L,L,L).
Contracts and orders for plant and equipment, bil. 1982$
(L,L,L).
Index of new private housing units authorized by local
building permits, 1967=1 00 (L,L,L).
Change in mfrs.1 unfilled orders, durable goods, bil.
1982$, smoothed (L,L,L)t.
Change in sensitive materials prices, percent, smoothed
(L,L,L)f.
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L,L,L).
Money supply M2, bil 1982$ (LLL)
Index of consumer expectations, U. of Michigan,
1966:1=100, NSA (L,L,L)©2.
Diffusion index of 1 1 leading indicator components:
Percent rising over 1-month span
Percent rising over 6-month span
950
143.6
.3
4.7
145.6
1.2
7.5
145.6
0
4.5
145.5
-.1
.3
145.7
.1
-.3
145.5
-.1
-.5
145.3
-.1
3.3
146.9
1.1
• 7.1
148.0
.7
9.1
148.5
.3
5.8
149.0
.3
5.2
149.9
.6
2.7
149.5
-.3
40.7
40.7
40.9
40.9
40.9
40.9
41.0
40.9
41.1
41.1
41.1
41.3
41.0
444
411
431
435
422
436
435
424
427
1,048.27
91.30
91.00
91.06
90.62
89.73
85.92
88.10
89.08
88.61
50.4
48.8
49.4
50.3
50.6
49.5
48.0
48.7
49.5
38.52
41.58
43.77
37.01
42.94
42.98
45.29
47.3
488.72
45.05
"41.33
75.5
77.4
75.0
77.7
79.J
-1.31
-1.70
-.96
-.99
-1.15
412
'41.0
426
'90.19
89.78
'90.78
'91.31
'90.88
47.4
'44.53
49.9
44.29
85.6
88.2
91.4
87.2
84.4
84.1
-1.85
-2.22
-2.54
-2.63
-2.73
-.60
-.75
-.82
-.72
-.53
-.39
387.20
386.88
385.92
388.51
416.08
412.56
2,409.6
2,415.0
2,408.1
2,401.1
2,400.3
2,401.5
2,402.2
2,407.0
2,419.6
-.21
r
'-.2
429
-1.73
389.40
-.50
'149.4
415
78.1
380.23
'149.7
.1
'-1.3
414
-1.41
376.18
-.65
431
'1.9
41.0
50.6
'46.45
'45.12
82.3
'-2.75
50.7
52.3
'45.51
86.1
'-2.97
85.8
'-3.11
.17
.56
.82
.85
.71
.50
407.36
407.41
414.81
408.27
415.05
417.93
2,405.2
'2,396.3
'2,394.2
'2,381.4
'2,376.1
'2,375.5
70.3
74.4
75.3
76.4
70.5
61.9
61.5
59.1
61.8
70.3
70.5
71.2
70.7
67.6
69.5
53.0
64.0
72.7
72.7
36.4
50.0
63.6
40.9
36.4
40.9
63.6
50.0
72.7
63.6
59.1
72.7
72.7
40.9
68.2
45.5
63.6
45.5
'36.4
50.0
'36.4
'63.6
126.2
-.3
126.8
0
0
126.5
-.2
-.6
126.6
.1
126.2
-.3
125.4
-.6
124.8
-.5
124.3
-.4
124.8
0
-3.4
-5.6
124.8
.4
0
'124.8
'0
'0
'124.8
0
' 3
108,190
3,380.5
108,267
3,379.4
108,293
3,379.1
108,285
3,384.5
108,139
3,372.1
108,154
3,399.0
108,100
3,372.5
108,142
3,388.7
108,200
3,386.0
108,377
'3,377.6
108,496 '108,423 '108.600 '108,517
'3,380.7 '3,377.3 '3,377.9 '3,359.4
108.0
472,756
108.4
474,718
108.4
475,886
108.1
473,830
107.4
466,626
106.6
474,654
107.2
478,523
107.6
479,892
108.1
481,019
'109.2
108.9
108.5
478,395 '484,377 * 488,497
63.6
*
The Coincident Index
920 •
•
41 •
51*
47*
57*
951
•
Composite index of coincident indicators, 1982=100 (C.C.C)
Percent change from previous month
Percent change over 3-month span AR
Coincident index components:
Employees on nonagricultural payrolls, thous. (C,C,C) ....
Personal income less transfer payments, bil. 1987$, AR
(C,C,C).
Index of industrial production 1987-100 (CCC)
Manufacturing and trade sales, mil. 1982$ (C,C,C)
Diffusion index of 4 coincident indicator components:
Percent rising over 1-month span ...".
Percent rising over 6-month span
-2.9
108,310
3,382.2
107.1
5,626,946
T
108.1
475,974
r
-1.9
-5.9
100.0
37.5
0
25.0
0
50.0
'25.0
110.9
110.7
-.2
47.9
42.7
62.5
87.5
50.0
62.5
114.6
-.6
112.2
-.8
-7.3
113.1
-.4
-11.9
-7.5
-6.6
13.8
1.46
13.9
1.43
14.1
1.44
14.2
0
-1.1
-2.2
8.50
8.50
8.20
37.5
-1.9
"1.6
'124.7
-.1
'1.3
'125.2
'.4
3
3
124.1
3
-.9
-2.2
25.0
'87.5
'105.3
'104.4
'108.6
3
0
37.5
50.0
100.0
109.3
108.2
-1.0
-10.1
-7.1
-7.9
'-9.0
17.0
1.42
17.1
17.0
1.42
18.3
1.42
18.6
1.41
'1.40
'-.7
'-1.7
'-2.2
'-2.5
'-2.2
6.50
6.50
6.50
6.02
6.00
87.5
75.0
75.0
75.0
75.0
66.7
100.0
3
107.3
-.5
106.0
The Lagging Index
930*
*
91*
77*
62*
109*
101 *
95*
120*
952
•
940*
Composite index of lagging indicators, 1982=100 (Lg.Lg.Lg)
Percent change from previous month
Percent change over 3-month span, AR
Lagging index components:
Average- duration of unemployment, weeks (Lg.Lg.Lg)? .
Ratio, mfg. and trade inventories to sales in 1982$
(Lg.Lg.Lg).
Change in labor cost per unit of output, mfg., percent,
AR, smoothed (Lg,Lg,Lg)t.
Average prime rate charged by banks, percent, NSA
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg).
Ratio, consumer installment credit outstanding to
personal income, percent (Lg,Lg,Lg).
Change in Consumer Price Index for services, percent,
AR, smoothed (Lg.Lg.Lg) f .
Diffusion index of 7 lagging indicator components:
Percent rising over 1 -month span
Percent rising over 6-month span
Ratio, coincident index to lagging index, 1982=100 (L,L,L) .
3.1
8.46
385,475
389,228
379,222
15.13
15.10
15.00
4.6
3.8
3.8
111.4
-.7
1.43
374,562
14.96
3.9
35.7
50.0
28.6
21.4
15.5
0
0
28.6
110.3
112.1
112.7
113.6
NOTE.—The following current high values were reached before July 1991: November 1983—BCI-32 (67.5) and
BCI-99 smoothed (2.09); February 1984-BCI-29 (158.5); March 1984-BCI-83 (97.7) and BCI-92 smoothed (4.61);
August 1984-BCI-109 (13.00); March 1986-BCI-77 (1.58); July 1987-BCI-5 (286); May 1988-BCI-106 (2,473.4);
December 1988-BCI-8 (100.42); June 1989-BCI-91 (11.1); September 1989-BCI-95 (16.05); October 1989-BCI-
111.2
_2
_ 0
-4'e
-2'.5
-6.7
-1.3
-9.4
14.6
1.43
14.9
1.44
15.3
1.47
16.4
1.44
-.9
8.00
373,050
14.91
4.0
42.9
42.9
113.5
-.5
7.58
1.6
7.21
372,429
369,110
14.89
14.72
4.1
4.3
50.0
28.6
113.1
1.7
6.50
366,724
14.74
4.3
1.1
6.50
368,222
14.60
4.1
42.9
28.6
35.7
21.4
28.6
0
112.7
113.7
115.3
107.8
-.4
1.42
r
.2
6.50
368,053
14.52
4.2
35.7
0
115.8
'366,095
14.43
-1.2
0
'116.3
'-10.4
104.3
4
-.1
-6.3
18.3
18.2
'361,787 '358,495 '355,192 '354,151
14.36
'14.34
'14.29
3.9
3.6
3.4
7.1
'14.3
'118.4
'119.9
4.2
35.7
4
'-.9
4
14.3
4
3.2
4
40.0
0
'117.7
'119.0
930 (120.3); December 1989—BCI-20 (48.56); April 1990—BCI-51 (3,484.8); June 1990—BC1-41 (110.304) and BCI920 (134.6); July 1990-BCM01 (409,650); August 1990-BCI-57 (489,996); September 1990-BCI-47 (110.6) and
BCI-120 smoothed (6.6); and March 1991-BCI-62 smoothed (8.9).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
C-2 • September 1992
441
442
451
452
453
1•
21 •
5*
46*
60
484
42
41 •
963
40*
904
37
434
45
91 4
44
Labor force:
Civilian labor fores thous
Civilian employment, thous
Civilian labor force participation rates (percent):
Males 20 years and over
Females 20 years and over
Both sexes 16-19 years of age
Marginal employment adjustments:
Average weekly hours mfg. (L,L L)
Average weekly overtime hours, mfg. (L,C,L)
Average weekly initial claims for unemployment
insurance, thous. (L,C,L) ' i.
Job vacancies:
Index of help-wanted advertising, 1967=100 (L.Lg.U)
Ratio, help-wanted advertising to unemployed (L,Lg,U) ...
Employment:
Employee hours in nonagricultural establishments,
bil. hours, AR(U,C,C).
Persons engaged in nonagricultural activities, thous.
(U.C.C).
Employees on nonagricultural payrolls, thous. (C.C.C) ....
Diffusion index of employees on private nonagricultural
payrolls, 356 industries:
Percent rising over 1 -month span
Percent rising over 6-month span
Employees in goods-producing industries, thous. (L,C,U)
Ratio, civilian employment to population of working age,
percent (U.Lg.U).
Unemployment:
Number of persons unemployed, thous. (L,Lg,U) ?
Civilian unemployment rate percent (L Lg U) ?
Average weekly insured unemployment rate, percent
(ULg.Uj't.
Average duration of unemployment, weeks (Lg.Lg.Lg) ± .
Unemployment rate, 15 weeks and over, percent
(Lg,Lg,Lg)t
125303
116877
125204
116729
773
57.9
51.7
407
3.6
444
93
.329
125 004
116484
125590
117089
125508
116867
125374
116772
125619
116728
126046
117117
126287
117043
126 590
117348
126830
117*675
127 160
117656
127549
117574
127532
117772
127437
117737
774
578
772
578
775
578
772
578
771
577
50.4
49.5
51.5
51.7
51.4
770
579
51 1
770
582
51 6
771
582
521
773
585
505
775
585
499
779
583
51 2
777
586
51 8
775
588
509
775
585
51 1
407
3.6
411
409
3.7
431
409
37
435
409
3.7
422
409
37
436
41 0
37
435
409
36
424
41 1
37
427
41 1
38
431
41 1
39
414
41 3
4.1
415
41 0
r
38
429
41 0
3.8
412
A* 41 0
'38
426
92
92
.323
91
.318
92
.322
88
89
90
85
.303
.308
.301
.283
89
.286
93
.299
90
93
.292
.291
.274
'91
P. 277
199.67
198.61
199.53
200.22
199.68
199.74
200.14
199.45
201.05
200.64
200.12
201.07
'200.10
'199.94
'201.44
113,644
113,485
113,230
113,806
113,663
113,500
113,545
113,951
113,811
114,155
114,465
114,478
114,322
114,568
114,519
108,310
108,190
108,267
108,293
108,285
108,139
108,154
108,100
108,142
108,200
108,377
108,496
450
396
23,830
487
51 4
463
23,791
500
469
23,755
471
461
23,704
468
440
23,613
469
434
23,584
435
478
23,527
479
506
23,525
475
M97
23,532
''51 4
'463
23,792
23,530
23,548
47.2
r
108,423 '108,600 '108,517
r
452
''497
'41 7
' 23.470
'•23,464
' 23,356
51 4
584
61.6
61.5
61.3
61.6
61.4
61.3
61.2
61.4
61.3
61.4
61.6
61.5
61.4
61.5
61.4
8,426
67
3.1
8,475
68
3.1
8,520
68
3.1
8,501
68
3.1
8,641
69
3.1
8,602
69
3.1
8,891
71
3.1
8,929
71
3.2
9,244
73
3.1
9,242
73
3.1
9,155
72
3.2
9,504
75
3.1
9,975
78
3.1
9,760
77
3.2
9,700
76
3.0
13.8
13.9
14.1
14.2
14.6
14.9
15.3
16.4
17.0
17.1
17.0
18.3
18.6
18.3
18.2
2.1
2.3
2.4
2.4
2.6
2.9
2.8
2.8
109.2
r
109.0
'111.2
110.2
' 108.6
' 108.9
'1105
' 109.7
1.9
1.9
1.9
1.9
2.0
2.5
2.5
3. OUTPUT, PRODUCTION, AND CAPACITY UTILIZATION
55 •
50
49
47*
73*
74*
75*
124
82*
Output:
Gross domestic product, bil. 1987$, AR (C,C,C)
Percent change from previous quarter, AR
Gross national product bil 1987$ AR (CCC)
Value of domestic goods output, bil. 1987$, AR (C.C.C)
Industrial production indexes, 1987=100:
Total (C.CC)
Durable manufactures (C,C,C)
Nondurable manufactures (C L L)
Consumer goods (C,L,C)
Capacity utilization rates (percent):
Total industry (L C U)
Manufacturing (L C,U)
4,821.0
4,831.8
1.2
48437
1,918.3
-1.2
48364
1,911.2
1071
1081
107.1
108.1
1079
1075
1086
108.3
108.0
107.8
109.0
108.4
108.4
108.4
109.6
109.4
108.4
108.2
110.1
109.7
108.1
107.8
1096
110.0
'4,892.4
4,873.7
2.9
48907
1,924.0
4,838.5
.6
48482
1,915.7
107.4
107.1
109.5
109.1
106.6
105.8
108.1
107.2
107.0
109.6
108.8
1095
r
1.5
'48991
r
1,936.7
107.6
107.0
108.1
107.6
1104
1107
109.3
110.1
794
800
798
799
798
793
787
780
783
784
787
78.2
78.7
78.6
78.8
78.7
78.2
77.7
77.0
77.4
77.5
77.7
108.9
109.1
'1109
r
110.8
791
78.2
r
108.5
108.4
'111.1
r
109.8
r
78.7
77.8
r
r
790
77.9
'785
r
'77.5
4. SALES, ORDERS, AND DELIVERIES
57*
59*
7*
8*
92*
32*
Sales:
Manufacturing and trade sales, mil. 1982$ (C.C.C)
Sales of retail stores, mil. 1982$ (U.L.U)
Orders and deliveries:
Mfrs.1 new orders, durable goods, bil. 1982$ (L,L,L)
Mfrs.' new orders, consumer goods and materials,
bil. 1982$ (L.L.L).
Mfrs.' unfilled orders, durable goods, mil. 1982$0
Change from previous month bil 1982$
Change from previous month, bil. 1982$, smoothed
(L,L,L)t.
Vendor performance, slower deliveries diffusion index,
percent (L,L,L).
5,626,946 '475,974 '472,756
1,457,244 '122,454 '121,527
474,718
121,807
475,886
121,900
473,830
121,046
466,626
121,289
474,654
124,356
478,523
125,395
479,892
123,531
481,019
123,932
1,145.58
1,048.27
103.63
91.30
99.94
91.00
94.89
91.06
97.83
90.62
97.76
89.73
92.39
85.92
95.63
88.10
95.19
89.08
96.92
88,.61
'98.62
'90.19
392,358
-1 59
-1.31
403,259
566
-1.70
403,913
65
399,487
384,088
382,275
-1 81
-2.63
47.3
50.4
-.96
48.8
397,414
395,078
392,358
-207
-234
-272
-1.15
-1.41
-1.73
391,162
-1 20
-1.85
387,088
-443
-.99
49.4
50.3
50.6
49.5
48.0
-407
-300
-2.22
-2.54
48.7
49.5
47.4
478,395 '484,377 f 488,497
124,305 '124,205 '125,357 'i24"399
96.46
89.78
'99.17
'90.78
'96.37
'91.31
* 96.31
'90.88
379,305 '376,850 '372,543 '369,523
'-^31 '-302
-297
'-246
'-2.97 '-3.11
'-2.75
-2.73
49.9
50.6
52.3
50.7
5. FIXED CAPITAL INVESTMENT
12*
13*
10
20*
27*
9*
11
97
61
100*
Formation of business enterprises:
Index of net business formation, 1967=100 (L.L.L)
Number of new business incorporations (L L,L)
Business investment commitments:
Contracts and orders for plant and equipment, bil.$
(L,L,L).
Contracts and orders for plant and equipment, bil. 1982$
(L,L,L).
Mfrs.' new orders, nondefense capital goods, bil. 1982$
(L,L,L).
Construction contracts awarded for commercial and
industrial buildings, mil. sq. ft.(L,C,U) © 2.
New capital appropriations mfg bil $ (U Lg U)
Backlog of capital appropriations mfg bil $ (C Lg Lg) 0
Business investment expenditures:
New plant and equipment expenditures by business
bil.$, AR (C,Lg,Lg) §.
New plant and equipment expenditures by business
bil. 1987$, AR(C,Lg,Lg)§.
115.4
52,803
116.0
53,315
115.4
52,284
404.80
38.98
'33.62
31.67
488.72
45.05
'41.33
38.52
452.63
41.93
38.07
36.24
38.70
532.30
39.12
42.28
33.96
52.08
115.3
629,901
12987
'3383
115.9
54,165
115.1
52,898
33.11
35.94
29.81
41.58
43.77
37.01
41.50
34.75
39.50
39.94
'97.76
9551
'115.7
'55,065
'115.7
'57,403
33.83
33.94
35.72
34.86
33.41
'34.48
'32.85
'32.16
42.94
42.98
45.29
'44.53
44.29
'46.45
'45.12
'45.51
39.97
39.42
42.46
'40.62
41.97
'43.68
'42.32
'42.42
39.37
46.93
41.43
41.60
35.27
43.73
40.13
42.92
116.9
'57,469
'115.0
'54,462
'115.7
'115.3
'115.1
'31.90
'95.51
52839
'526.59
'529.87
'535.72
'540.91
ra
48858
'487 58
'493.36
'50020
'505.99
'"530.64
NOTE—The following current high values were reached before July 1991: November 1983—BCI-32 (67.5); March
1984—BCI-92 change (8.67) and BCI-92 smoothed (4.61); September 1985—BCI-9 (93.19); December 1986—BCI13 (65,691); July 1987-BCI-5 (286); November 1987-BCI-46 (162); December 1988-BCI-7 (115.84), BCI-8
(100.42), and BCI-60 (0.736); January 1989—BCI-40 (25,411) and BCI-82 (85.1); March 1989—BCI-12 (126.5), BCI37 (6,189), and BCI-43 (5.0); 1st Q 1989-BCI-11 (50.01); April 1989-BCI-124 (85.0); May 1989-BCI-45 (2.0);
115.3
53,892
565.16
June 1989—BCI-44 (1.0) and BCI-91 (11.1); 2d Q 1989—BCI-97 (117.90); December 1989—BCI-10 (43.89) and
BCI-20 (48.56); March 1990-BCI-90 (63.1); April 1990-BCI-92 level (415,789); May 1990-BCI-42 (115,095); June
1990—BCI-41 (110,304) and BCI-48 (204.60); 2d Q 1990—BCI-49 (1,975.3). BCI-50 (4,915.5), and BCI-55 (4,902.7);
August 1990-BCI-57 (489,996); and September 1990-BCI-47 (110.6) and BCI-73 (113.8).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
Series
no.
September 1992 •
1992
1991
Year
Series title and timing classification
1991
Aug.
July
Oct.
Sept.
C-3
Nov.
Dec.
Jan.
|
Feb.
Mar. | Apr.
May
I
July
June
Aug.*
5. FIXED CAPITAL INVESTMENT-Continued
69 •
76*
86 •
87 •
88 *
28*
29 •
89*
Business investment expenditures—Continued:
Mfrs.' machinery and equipment sales and business
construction expenditures, bil.$, AR (C.Lg.Lg).
Index of industrial production, business equipment,
1987=100 (C.Lg.U).
Gross private nonresidential fixed investment, bil. 1987$,
AR:
Total (C,Lg,C)
Structures (Lg Lg Lg)
Producers' durable equipment (C Lg C)
Residential construction and investment:
New private housing units started, thous., AR (L,L,L)
Index of new private housing units authorized by local
building permits, 1967=100 (L,L,L).
Gross private residential fixed investment bil 1987$ AR
(U,L).
437.36
432.27
435.42
438.49
443.53
442.89
416.37
424.47
434.40
449.23
432.77
121.5
122.5
121.3
122.2
122.3
121.8
121.4
119.9
121.0
121.5
123.0
500.2
498.7
1530
4921
1484
4958
1576
3426
3458
3437
3464
r
427.90
1,053
1,053
1,020
1,085
1,085
1,118
1,180
1,257
1,340
1,086
1,196
77.4
75.0
77.7
79.3
78.1
85.6
88.2
91.4
87.2
84.4
84.1
1773
124.2
P 441. 92
r
124.5
^ 125.5
'1,120
" 1,237
514.7
'1491
r
3656
75.5
1726
r
r
1494
1,014
1702
'457.57
124.5
M.147
86.1
82.3
85.8
r
191 2
1856
6. INVENTORIES AND INVENTORY INVESTMENT
70
77*
30*
31 •
Inventories on hand:
Mfg. and trade inventories, bil. 1982$ (Lg,Lg,Lg)0
Ratio mfg. and trade inventories to sales in 1982$
(Lg,Lg,Lg).
Inventory investment:
Change in business inventories bil 1987$ AR(LLL)
Change in mfg. and trade inventories, bil.$, AR (L,L,L) ..
684.64
146
680.67
1.43
-93
-7.8
'-9.3
680.81
1 44
680.99
1 43
682.42
1 43
682.87
1 44
6
-1.8
31.9
27.3
10.0
r
r
684.64
1 47
681.68
1 44
32.1
-48.4
55
191
291
116.14
116.54
.34
118.64
120.31
-.21
.17
75
681 64
1 42
681.70
1 42
682.35
1 42
-126
r
680.67
1 42
r
78
-72
r
683.23
141
P 683.73
f\ 40
'46.1
M2.5
7. PRICES
Sensitive commodity prices:
Index of sensitive materials prices 1982-100
Percent change from previous month
99*
Percent change from previous month, smoothed
(L,L,L)f.
98
Index of producer prices for sensitive crude and
intermediate materials, 1982=100 (L,L,L).
Cattle hides
Lumber and wood products
Wastepaper, news
Wastepaper mixed NSA
Wastepaper corrugated
Iron and steel scrap
Copper base scrap
Aluminum base scrap
Other nonferrous scrap, n.e.c., NSA
Sand gravel and crushed stone
Raw cotton
Domestic apparel wool
23*
Index of spot market prices, raw industrial materials,
1967=100, NSA (U.L.L)©1.
Copper scrap $ per Ib. ©
Lead scrap $ per Ib ©
Steel scrap, $ per ton©
Tin $ per Ib NSA © .
Zinc $ per Ib NSA ©
Burlap $ per yd, NSA©
Cotton, $ per Ib.©
Print cloth $ per yd NSA ©
Wool tops $ per Ib NSA©
Hides, $ per Ib., NSA©
Rosin $ per 100 Ib ©
Rubber $ per Ib ©
. .
Tallow, $ per Ib. ©
Producer Price Indexes:
336
Finished goods 1982-100
Percent change over 1 -month span
Percent change over 6-month span, AR
•
337
Finished goods less foods and energy, 1982=100
Percent change over 1 -month span
Percent change over 6-month span AR
334 •
Finished consumer goods, 1982-100
Percent change over 1 -month span
Percent change over 6-month span AR
333 •
Capital equipment 1982-100
Percent change over 1 -month span
Percent change over 6-month span AR
•
Intermediate materials, supplies, and components,
332
1982=100.
Percent change over 1 -month span
Percent change over 6-month span AR
•
Crude materials for further processing,' 1982=100
331
Percent change over 1 -month span
Percent chanqe over 6-month span AR
•
Fixed-weighted price index, gross domestic business
311
product, 1987=100.
Percent chanqe from previous quarter AR
•
Consumer Price Indexes for all urban consumers:
All
items 1982-84-100, NSA
320
Percent change over 1 -month span
323*
•
120*
All items less food and energy, 1982-84=100
Percent change over 1 -month span
Percent change over 6-month span AR
Services 1982-84-100
Percent change from previous month, AR
Percent change from previous month, AR, smoothed
(Lg,Lg,Lg)t.
119.49
119.92
-.50
-.65
-.32
-.50
136.19
173.4
132.1
101.7
116.20
.22
116.48
.24
-.72
-.53
-.29
-.39
134.66
134.82
135.84
136.08
139.83
141.97
155.5
133.3
157.1
133.7
163.7
134.3
163.7
136.4
168.7
138.8
172.5
143.9
166.3
146.3
92.3
54.4
91.6
53.7
94.1
52.9
91.2
52.8
89.7
53.2
89.2
52.5
83.4
51.7
143.0
145.8
160.9
133.9
129.9
129.2
105.9
146.1
147.0
164.9
128.5
127.5
129.4
151.8
146.4
163.9
125.6
126.3
129.6
154.2
143.9
165.8
125.4
124.0
129.8
155.1
138.2
155.7
123.7
122.6
129.7
150.1
138.4
162.5
134.9
127.8
129.3
149.6
143.6
161.4
138.6
133.6
130.2
116.63
-1.33
-.60
-.75
-.59
-.82
136.60
134.47
134.59
162.2
135.1
161.4
132.6
64.1
98.5
61.5
95.9
54.9
165.2
147.6
170.0
143.0
135.8
128.7
116.0
162.5
142.2
167.2
139.4
132.9
128.7
114.9
154.1
142.9
165.6
139.6
132.5
129.0
102.9
68.6
,283.0
.848
.156
96.257
3.417
.601
.282
.698
.834
4.172
.847
60.226
121.35
.86
.82
121.21
120.76
120.51
-.12
-.37
-.21
.56
.85
.71
.50
141 .97
141.74
141.20
141.10
140.77
'161.0
'146.3
'83.1
'55.6
'150.9
'141.9
'159.1
'145.9
'136.8
'130.1
168.9
145.6
170.2
144.8
164.9
143.2
169.8
144.2
85.6
58.4
89.2
56.7
90.5
51.9
92.8
51.1
153.4
140.0
162.0
145.5
135.9
130.0
149.3
139.0
169.5
141.0
134.3
130.3
140.0
141.8
176.2
144.1
137.0
130.7
135.3
134.6
176.7
145.1
139.7
130.8
1.41
1.80
r
79.0
72.6
72.5
99.9
67.0
94.8
66.0
95.7
66.9
91.9
72.5
87.4
78.3
84.8
88.4
85.6
87.1
88.2
90.8
89.5
85.0
97.0
85.4
92.7
84.8
279.8
276.9
271.9
271.7
271.0
269.2
265.6
262.8
268.0
278.1
281.5
284.2
285.7
283.1
.865
.129
89.749
3.506
.620
.288
.678
.850
4.270
.880
61.350
.863
.126
91.707
3.645
.598
.284
.642
.855
3.962
.772
61.856
.811
.123
95.755
3.628
.518
.272
.639
.880
3.852
.742
61.287
.817
.138
97.097
3.585
.505
.272
.591
.880
3.670
.752
60.914
.808
.137
96.907
3.555
.546
.271
.563
.880
3.738
.784
.141
98.319
3.545
.593
.271
.567
.816
3.980
.825
.149
90.326
3.677
.573
.271
.552
.782
3.888
.854
.161
89.321
3.769
.562
.271
.529
.730
3.775
.827
.168
89.510
3.756
.601
.271
.529
.758
4.040
.825
.177
91.185
3.870
.640
.271
.534
.787
4.000
.873
.175
91.241
4.032
.665
.269
.520
.782
4.000
.911
.168
91.065
4.352
1.017
.156
88.589
« 4.503
.673
.266
.538
.782
4.000
.635
.258
.578
.744
4.000
.986
.153
86.022
4.409
.663
.252
.563
.700
4.000
.710
.706
.678
.696
.768
.800
.764
.765
.730
59.880
58.997
59.172
58.997
59.113
59.406
59.821
60.181
60.729
60.914
.456
.134
.465
.139
.465
.133
.459
.144
.466
.164
.755
.457
.130
.427
.124
.431
.144
.437
.137
.457
.136
.469
.132
.460
.126
.435
.122
.429
.120
.434
.124
121.7
0
.1
131.1
.3
2.9
120.5
-.1
-.5
126.7
.2
2.3
114.4
121.2
-.2
1.2
131.1
.2
2.2
119.8
-.2
1.0
126.8
.1
1.8
113.8
121.5
.2
1.0
131.3
.2
2.2
120.2
.3
.8
126.9
.1
1.4
114.1
121.8
.2
1.2
131.7
.3
2.5
120.4
.2
1.0
127.1
.2
1.6
114.3
122.1
.2
1.2
132.0
.2
3.1
120.8
.3
.7
127.3
.2
2.4
114.0
122.2
.1
1.2
132.2
.2
2.9
120.9
.1
.7
127.5
.2
2.4
114.0
122.1
-.1
1.0
132.4
.2
2.9
120.7
-.2
.7
127.7
.2
2.7
113.9
121.9
-.2
122.4
.2
2.0
133.6
.3
2.7
120.8
.2
2.0
128.8
.3
2.2
113.8
'122.8
'.3
2.5
'134.1
'.4
2.1
'121.1
.2
2.8
'129.1
'.2
1.6
114.0
123.0
'.2
2.1
134.4
'.2
1.7
121.4
'.2
2.3
129.2
'.1
1.6
114.4
123.3
.2
123.4
.1
123.5
.1
134.2
-.1
134.5
.2
134.3
121.9
.4
121.9
0
122.0
.1
129.1
-.1
129.3
.2
129.4
.1
113.2
122.2
.2
1.3
133.2
.1
3.4
120.6
.3
.8
128.4
.1
2.7
113.7
115.2
115.2
115.2
-.2
-.4
-.2
.3
0
.2
-.5
-.3
0
-.7
100.4
-.1
-.2
-.1
-.9
-.6
0
.4
.7
.1
2.3
.2
3.6
'98.3
.4
2.7
.7
-2.3
101.2
-1.0
-10.8
99.3
0
.2
99.1
-.2
-1.0
117.5
117.9
3.8
2.6
136.2
.2
3.0
142.1
.4
4.2
146.3
4.6
4.6
136.2
.1
3.0
142.4
.3
3.7
146.5
5.0
3.8
136.6
.3
3.3
143.0
.4
4.0
147.0
4.2
3.8
98.4
.7
-2.0
-1.1
100.5
2.1
-4.0
98.3
-2.1
-2.2
'1.1
133.1
.5
'3.2
120.2
-.4
'.5
128.3
.5
'2.8
97.3
-1.0
'-4.3
21
137.2
.4
3.1
143.6
.4
3.8
147.6
5.0
3.9
137.4
.2
3.1
143.9
.2
3.8
148.1
4.1
4.0
137.8
.4
3.1
144.4
.3
3.8
148.6
4.1
4.1
99.0
1.7
-1.2
97.3
-1.7
5.8
'1.0
8.0
138.1
.1
3.4
145.1
.3
4.1
149.7
4.1
4.3
138.6
.3
2.9
145.7
.4
3.8
150.0
2.4
4.1
101.1
1.3
101.1
0
0
101.0
-.1
4.1
^
2.8
137.9
.2
3.4
144.7
.2
3.9
149.2
5.0
4.3
99.8
'1.5
0
'1199
119.4
1186
NOTE.-The following current high values were reached before July 1991: November 1983-BCI-99 smoothed
(2.09); February 1984-BCI-28 (2,260) and BCI-29 (158.5); 1st Q 1984-BCI-30 (79.9); 2d Q 1985-BCI-87 (199.1);
March 1986—BCI-77 (1.58); 3d Q 1986—BCI-89 (231.3); October 1986—BCI-99 change (3.37); December 1988—
BCI-31 (98.6); March 1989-BCI-99 index (135.83); April 1989-BCI-23 (335.0); 2d Q 1989-BCI-88 (367.5); November 1989-BCI-70 (705.14); February 1990-BCI-69 (461.12); 1st Q 1990-BCI-86 (544.8); August 1990-BCI-98
115.94
118.20
-1.43
'1.6
139.3
.5
3.1
146.4
.5
3.8
150.7
5.7
4.2
139.5
.2
3.2
146.8
.3
3.6
151.2
4.1
4.2
139.7
.1
3.2
147.1
.2
3.2
151.4
1.6
3.9
140.2
.3
140.5
.1
140.9
.3
147.4
.2
147.7
.2
148.0
.2
151.8
3.2
3.6
152.2
3.2
3.4
152.6
3.2
3.2
(142.13); September 1990-BCI-76 (126.4) and BCI-120 smoothed (6.6); and January 1991-BCI-120 change (9.7).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
C-4 • September 1992
Series
no.
1991
Year
Series title and timing classification
1991
July
| Aug.
Sept. J
1992
Oct. I
Nov. I Dec.
| Feb.
Jan.
|
Mar.
Apr. | May
June
Aug. *
July
8. PROFITS AND CASH FLOW
16*
18*
22*
81 •
264
35
Profits and profit margins:
Corporate profits after tax bit $ AR (L L L)
Corporate profits after tax, bil. 1987$, AR (L,L,L)
Ratio, corporate domestic profits after tax to corporate
domestic income, percent (L,L,L).
Ratio, corporate domestic profits after tax with IVA and
CCAdj to corporate domestic income, percent (U.L.L).
Ratio, implicit price deflator to unit labor cost, all
persons, nonfarm business sector, 1 982=1 00(L,L,L).
Corporate net cash flow bil 1987$ AR(LLL)
2096
180.2
56
2107
181.5
5.5
2297
197.9
60
2074
177.5
54
"2327
r
1993
63
67
5.9
5.8
6.0
6.6
102.5
102.4
102.8
103.3
r
1037
4182
4204
4270
4592
r
4635
9. WAGES, LABOR COSTS, AND PRODUCTIVITY
345
346
53*
63
62*
370
4
358
*
Wages and compensation:
Index of average hourly compensation all employees
nonfarm business sector, 1982=100.
Percent change from previous quarter, AR
Index of real average hourly compensation all
employees, nonfarm business sector, 1982=100.
Percent change from previous quarter AR
Wages and salaries in mining, mfg., and construction,
bil.1987$,AR(C,C,C).
Unit labor costs:
Index of unit labor cost all persons business sector
1982=100 (Lg,Lg,Lg).
Index of labor cost per unit of output, mfg., 1987=100 ...
Percent change from previous month AR
Percent change from previous month, AR, smoothed
(Lg,Lg,Lg)t.
Productivity:
Index of output per hour all persons business sector
1982=100.
Percent change over 1 -quarter span AR
Percent change over 4-quarter span AR
Index of output per hour all persons nonfarm business
sector, 1982=100.
1444
1453
4.6
1464
1023
4
606.8
607.0
1331
9
607.2
605.1
607.9
106.6
23
106.2
-44
-1.1
-2.2
107.2
11 9
-.9
-4
599.5
106.4
-44
0
1097
106.9
-3.3
-.5
1099
o
16
r
595.1
108.0
131
1.6
107.4
-65
1.7
10
595.8
r-7
594.9
595.2
597.5
107.1
" 106.8
'106.6
" 106.2
-3.3
-33
1.1
r
".2
r_44
r_22
r
"-1.7
-.7
111 8
r
591.7
'589.9
"106.1
"105.9
* 106.0
"-1.1
-2.2
'-2.5
593.5
r
r_22
'1.1
'-2.2
1122
40
33
25
r
134.0
1338
1091
1085
1083
603.1
1107
17
25
'2.6
1026
1028
1337
1337
107.0
12
3.1
3.9
1025
1026
1488
1478
3.2
3.6
"1 2
r
1102
1107
10. PERSONAL INCOME AND CONSUMER ATTITUDES
52
51*
58
83*
122
123*
Personal income:
Personal income, bil 1987$, AR (CCC)
Personal income less transfer payments, bil. 1987$, AR
(C,C,C).
Indexes of consumer attitudes:
Consumer sentiment,
U. of Michigan, 1966:1=100, NSA
(L.L.L)©1.
Consumer expectations, U. of Michigan, 1966:1=100,
NSA(L,L,L)©'.
Consumer confidence, The Conference Board, 1985=100
(L,L,L).
Consumer expectations, The Conference Board,
1985=100 (L,L,L).
4,024 8
3,382.2
4 023.0
3,380.5
4,026.2
3,379.4
4,040.7
3,384.5
4,026.0
3,379.1
4,025.9
3,372.1
4,066.5
3,399.0
4,058.5
3,372.5
4,079.1
3,388.7
4,076 2
3,386.0
"4,070.9
"3,377.6
"4,078.4
"3,380.7
"4,076.5
"3,377.3
"4,079.6 ' 4,067.1
"3,377.9 '3,359.4
77.6
82.9
82.0
83.0
78.3
69.1
68.2
67.5
68.8
76.0
77.2
79.2
80.4
76.6
76.1
70.3
74.4
75.3
76.4
70.5
61.9
61.5
59.1
61.8
70.3
70.5
71.2
70.7
67.6
69.5
68.5
77.7
76.1
72.9
60.1
52.7
52.5
50.2
47.3
56.5
65.1
71.9
72.6
61.2
59.0
85.8
100.3
96.8
95.4
79.5
69.7
72.6
68.7
63.5
76.7
89.7
96.9
95.9
80.1
78.3
-.26
-.26
".95
-.08
'1.33
11. SAVING
290
295
292
298*
293 *
Gross saving bil $ AR
Business saving bil $ AR
Personal saving bil $ AR
Government surplus or deficit bil $ AR
Personal saving rate percent
6794
6939
191 0
-2056
45
7082
701 9
1996
-1933
47
6982
715.4
677.5
7354
2194
2146
-236.6
51
-272.6
49
"682.9
"735.9
"2323
"-285.2
"53
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES
85*
102*
105
106*
107
108
93
94
112*
113*
111
110*
14
39
Money:
Percent change in money supply M1 (L L L)
Percent change in money supply M2 (LCD)
Money supply M1, bil. 1982$ (L,L,L)
Money supply M2 bil. 1982$ (LLL)
Velocity of money: t
Ratio, gross domestic product to money suppy M1
(C,C,C).
Ratio, personal income to money supply M2 (C.Lg.C) ....
Bank reserves:
Free reserves, mil.$, NSA (L,U,U) *
Member bank borrowings from the Federal Reserve,
mil.$, NSA (L,Lg,U).
Credit flows:
Net change in business loans, bil.$, AR (L,L,L)
Net change in consumer installment credit, bil.$, AR
(L,L,L).
Percent change in business and consumer credit
outstanding, AR (L,L,L).
Funds raised by private nonfinancial borrowers in credit
markets, mil.$, AR (L.L.L).
Credit difficulties:
Current liabilities of business failures, mil.$, NSA
(U..D*.
Percent of consumer installment loans delinquent 30
days and over (L,L,L)0?.
.70
.25
609.2
2,409.6
.31
-.13
609.5
2,415.0
.76
.07
611.9
2,408.1
.63
.06
613.7
2,401.1
.18
618.6
2,400.3
1.19
.40
623.8
2,401.5
-
6.596
6.601
.75
.24
627.2
2,402.2
.27
635.3
2,407.0
1.37
6.464
2.26
.80
647.9
2,419.6
.86
-.04
.40
-.16
649.8
"2,405.2
651.1
"2,396.3
1.22
.05
658.1
"2,394.2
"6.215
6.301
1.417
1.422
1.425
1.430
1.424
1.438
1.433
1.435
1.441
1.445
"1.450
1.455
882
373
345
607
622
764
586
645
834
261
785
108
788
192
771
233
990
77
939
91
1,049
90
845
155
684
229
-39.46
-7.54
9i85
-15.43
-134.86
-18.14
-69.48
-7.63
21.31
-8.68
-15.18
-68.50
-1.93
-^6.39
1.66
38.45
-2.68
-11.88
"-18.49
-43.00
"-25.38
-10.72
-13.9
-9.3
-1.5
"-6.0
"-3.8
-5.7
-9.2
182,554
-3.2
-5.4
279
2.79
-4.1
128,464
116,540
2.74
2.58
2.62
.6
2.06
-7.2
"1.460
"681
284
'1.449
686
251
"-16.15 "-46.69 '-23.21
"-3.34 '-13.46
'-4.2
'221,264
102,330.3 "5,920.5 '3,202.1 '5,963.0 '10,126.2 '5,260.2 '6,659.9
2.58
9.83
'.25
"659.9
'666.8
654.6
"2,381.4 "2,376.1 '2,375.5
1.419
NOTE.—The following current high values were reached before July 1991: January 1983—BCI-102 (2.82); May
1983-BCI-123 (124.3); July 1983-BCI-14 (829.2); February 1984-BCI-39 (1.78); March 1984-BCI-58 (101.0) and
BCI-83 (97.7); 1st Q 1984-BCI-22 (7.0); May 1984-BCI-93 (-2,381); June 1984-BCI-111 (22.7); August 1984BCI-94 (8,017); 4th Q 1984-BCI-107 (7.058); March 1985-BCI-113 (138.85); 3d Q 1985-BCI-81 (8.4); 4th Q
1985-BCI-110 (978,568); 1st Q 1986-BCI-26 (105.1); December 1986-BCI-85 (2.50); May 1988-BCI-106
1.02
2.58
'8,445.7 '6,839.3 '6,325.7 '7,881.2 '12,020.3 '13,932.0 '3,574.6
2.94
2.84
2.86
2.67
2.77
2.60
(2,473.4); October 1988—BCI-53 (671.2); 4th Q 1988—BCI-18 (215.1); February 1989-BCI-122 (120.7); May 1989—
BCI-112 (119.74); April 1990-BCI-51 (3,484.8); December 1990-BCI-62 change (31.3); and March 1991-BCI-62
smoothed (8.9).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
Series
no.
Year
September 1992 •
1991
C-5
1992
Series title and timing classification
1991
July
Sept.
Aug.
Oct.
|
Nov.
Dec.
Jan.
Feb.
|
May
Apr.
Mar.
June
July
Aug.*
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES-Continued
66
72
101*
95 •
119*
114*
116*
115*
117
118
109*
19*
Outstanding debt:
Consumer installment credit outstanding, mil.$
(Lg,Lg,Lg)0.
Commercial and industrial loans outstanding, mil.$,
(Lg.Lg.Lg).
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg).
Ratio, consumer installment credit outstanding to
personal income, percent (Lg,Lg,Lg).
Interest rates (percent, NSA):
Federal funds rate (L Lg Lg)
Discount rate on new 91 -day Treasury bills (C,Lg,Lg)
Yield on new high-grade corporate bonds (Lg,Lg,Lg)
Yield on long-term Treasury bonds (C,Lg Lg)
Yield on municipal bonds, 20-bond average (U.Lg.Lg) ....
Secondary market yields on FHA mortgages (Lg.Lg.Lg) .
Average prime rate charged by banks (Lg.Lg Lg)
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L,L,L).
727,799
728,823
727,311
727,449
729,225
727,960
727,799
728,618
728,395
727,404
449,234
451,894
440,656
434,866
434,230
433,507
427,799
423,933
427,137
427,309 "425,768
r
423,653 " 422,307 '418,416 '416,482
385,475
389,228
379,222
374,562
373,050
372,429
369,110
366,724
368,222
368,053
'366,095
r
361, 787
15.13
15.10
15.00
14.96
14.91
14.72
14.89
14.74
14.60
14.52
723,821
722,928
14.43
14.36
-722,651 '721,529
r
358,495 '355,192 '354,151
r
14.34
' 14.29
569
5.41
9.05
8.16
6.92
9.25
846
582
5.58
9.38
8.50
7.05
9.59
8.50
566
5.39
8.88
817
6.90
9.14
850
545
5.25
8.79
796
6.80
9.06
820
521
5.03
8.81
788
6.68
8.71
800
481
4.60
8.72
7.83
6.73
8.69
758
443
4.12
8.55
758
6.69
8.10
721
403
3.84
8.36
748
6.54
8.72
650
406
3.84
8.63
778
6.74
8.74
650
398
4.05
8.62
793
6.76
8.85
650
373
3.81
8.59
788
6.67
8.79
650
382
3.66
8.57
780
6.57
8.66
650
376
3.70
8.45
772
6.49
8.56
650
325
3.28
8.19
740
6.13
8.12
602
330
3.14
7.96
719
6.16
8.08
600
376.18
380.23
389.40
387.20
386.88
385.92
388.51
416.08
412.56
407.36
407.41
414.81
408.27
415.05
417.93
11 134
P 1 1 262
6,126
86.2
6,730
8,101
84.7
5,854
"7,167
^5,627
P 6,567
85.6
84.2
83.6
'83.0
'82.6
1 076
311 7
1,065
' 1 ,054
13. NATIONAL DEFENSE
525
548
557
570
564*
Defense Department prime contract awards, mil.$
Manufacturers' new orders, defense products, mil.$
Index of industrial production, defense and space
equipment, 1987=100.
Employment, defense products industries, thous
Federal Government purchases national defense bil $ AR
93,877
9,355
8,825
16848
5,059
8,462
4,946
8,425
8,075
91.1
90.0
89.8
89.1
89.1
88.8
88.1
86.7
1,148
1,146
321 9
1,141
1,137
1,129
3147
1,124
1,116
1,108
3136
1,098
1,084
37653
37083
3610
3112
7318
36405
3584
7522
43469
4,202
6036
1,159
3238
10,201
10,960
r
14. EXPORTS AND IMPORTS
602
604
606
612
614
616
618*
620*
622
Exports excluding military aid shipments mil $
Exports of domestic agricultural products, mil $
Exports of nonelectrical machinery mil $
General imports mil$
Imports of petroleum and petroleum products, mil.$
Imports of automobiles and parts mil $
Merchandise exports adjusted excluding military mil $ '
Merchandise imports, adjusted, excluding military, mil.$ l ....
Balance on merchandise trade, mil.S1
422 389
38533
89427
487 129
50,154
68941
415962
489,398
-73,436
35188
3229
7555
40823
4,141
5860
34463
3209
7258
35280
3254
7609
3,958
36840
3502
7656
42712
4,041'
41 078
4,381
6314
41 757
6161
6150
104151
124,325
-20,174
37268
3290
7996
36052
3594
7749
35466
3292
7352
41 382
41 674
3,736
3,968
5539
41 266
3,391
5941
6066
107851
126,390
-18,539
7948
40948
3,312
5644
107946
125,168
-17,222
42668
3,464
6005
35717
'38 163
37332
3109
3729
3621
7504
42859
3,939
5989
'107580
8210
r
44 893
7858
45154
5,209
5675
4,749
5918
'131 998
'-24,418
15. INTERNATIONAL COMPARISONS
47*
721 *
Industrial production indexes (1987=100):
United States
OECD European countries2
Japan
Federal Republic of Germany
France
United Kingdom
Italy
Canada §
Consumer price indexes (1982-84=100):
' United States NSA
320
Percent change over 6-month span, AR
Japan, NSA
738 *
+
Percent change over 6-month span, AR
Federal Republic of Germany, NSA
,
735
4
Percent change over 6-month span AR
France NSA
736
Percent change over 6-month span, AR
•
United Kingdom NSA
732
4
Percent change over 6-month span AR
737
Italy, NSA
Percent change over 6-month span, AR
•
Canada NSA
733
Percent change over 6-month span, AR
•
Stock price indexes (1967=100, NSA):
19*
United States
japan
748*
745*
Federal Republic of Germany
746*
France
United Kingdom
742*
747*
Italy
. .
743*
Canada
Exchange rates:
Exchange value of U.S. dollar, index: March 1973=100,
750*
NSA^.
Foreign currency per U.S-. dollar (NSA):
Japan (yen)
.
758*
755*
Federal Republic of Germany (d. mark)
France (franc)
756*
United Kingdom (pound)
752*
Italy (lira)
.
757*
Canada (dollar)
753*
728*
725*
726*
722*
727*
723*
107.1
110
1241
118
110
100
1081
108.0
109
1228
117
111
100
1050
108.4
110
1237
117
110
100
1088
r
r
96.4
108.1
111
1266
119
111
101
1074
'97.2
1362
3.0
115.0
23
116.0
41
1372
2.9
1569
42
170.0
5.8
1431
2.8
1362
3.0
114.7
23
116.8
60
1374
3.4
1572
42
171.4
5.6
1438
1.1
409.2
1 6684
1,1455
3291
810.1
1 1680
321 7
3921
335.2
400.0
3263
8326
12005
3258
3975
89.73
95.19
3170
814.2
97.0
97.5
108.4
110
1239
117
111
100
1066
r
97.2
r
96.7
107.4
'108
1220
113
109
100
1056
95.3
108.1
111
1238
118
110
100
1125
1066
111
121 5
119
111
99
1095
"955
107.2
112
1206
120
110
100
1120
'964
107.6
111
1172
118
110
r
99
111 6
'96.5
108.1
110
1176
117
111
100
1054
'96.6
1393
3.1
116.3
21
119.7
39
1402
26
1606
37
1766
57
1446
1.1
1395
3.2
117.5
12
1200
41
1405
r
26
1631
34
1773
50
1446
1.5
1366
3.3
114.9
35
1168
60
1377
35
1576
43
1703
3.9
1439
1.8
1372
31
•\ 115.1
28
1170
47
1380
35
1581
39
171 0
5.3
1437
.8
1374
3.1
116.4
25
117.4
28
1386
3.2
1587
37
1723
4.1
1434
1.3
1378
3.1
116.6
23
117.9
34
1389
3.7
1593
40
1735
5.0
1440
.3
1379
3.4
116.0
35
118.0
38
1391
34
1594
40
1740
54
1434
.7
1381
34
115.8
31
1185
34
1394
28
1593
46
1754
54
1440
1.8
1386
2.9
115.7
3
1192
31
1398
29
1601
43
1759
56
144 1
.8
413.6
4236
1 ,593 0
4212
1 6128
420.8
1 6940
3158
861.7
1 2071
1 ,533 4
301 3
4526
1 4747
3302
419.8
1 631.8
3132
4226
1 6399
448.8
1 4260
3267
9078
134.51
137.83
1 .7852
1.6585
60596
5 6388
.5667
.6056
1,239.62 1,329.55
1.1493
1.1460
136.82
1.7435
59244
5938
1 ,303.31
1.1452
r
1099
'962
1405
1205
36
1409
20
1637
29
1783
120.7
1789
1791
1449
2.4
1452
1456
4441
1 1760
4431
443.2
4512
1 3330
1 1760
331 6
3349
9204
1 1782
3121
951 3
1 2071
311 0
8097
1 1306
3828
306.4
390.3
2994
3969
4063
3262
4047
3856
3792
91.18
90.69
87.98
85.65
86.09
88.04
90.44
89.84
88.30
130.77
1.6893
5.7583
.5803
1,263.20
1.1279
129.63
1.6208
55391
128.04
1.5630
5.3406
.5473
1,182.21
1.1467
125.46
1.5788
53858
.5528
1,189.76
1.1571
127.70
1.6186
55088
.5625
1,215.92
1.1825
132.86
1.6616
56400
1,248.28
1.1928
133.54
1.6493
5.5773
.5693
1,241.55
1.1874
130.77
1.6225
5.4548
.5526
1 ,220.95
1.1991
244.2
211.0
246.8
'211.7
246.4
'213.0
'213.7
124.3
129.1
124.8
129.6
124.9
130.0
125.0
130.5
.5619
1,221.04
1.1302
.5801
141 0
1637
3358
9388
'108.6
'116
116.6
856.9
134.30
1.6933
57621
.5792
1,266.25
1.1370
109.2
117.5
1 1776
1 1957
r
1402
304.7
397.3
315 1
891 2
1 1776
321 3
108.5
'109
'1181
116
'109
'99
'1078
'96.4
1397
3.2
117.6
1 2428
3377
9694
1 2842
3022
3828
871.7
1 221 6
3152
93.47
1089
110
"1156
117
r
110
99
r
1409
1207
120.9
141 4
141 5
1631
1632
1456
451.5
454.6
1 1327 ' 1 098.7
'3162
'2886
'8953
858.0
'1 1800 '' 1 080 6'1 0134
'2947
3828
85.91
126.84
1.5726
5.2940
.5391
'2620
3891
'249.2
3845
82.57
80.97
125.88
1.4914
5.0321
126.23
1.4475
4.9119
.5215
.5146
1,189.52
1.1960
1,129.83
1.1924
1,100.00
1.1907
'249.4
'216.2 '
'250.0
'215.7
'252.5
'217.2
'252.6
'218.1
125.2
131.1
'125.2
'125.6
131.0
131.7
'125.2
'131.1
16. ALTERNATIVE COMPOSITE INDEXES
4
991*
CIBCR long-leading composite index, 1967=1 00
CIBCR short-leading composite index, 1967=1 004
992*
993*
BEA coincident composite indexes:
Modified methodology 1982-1 00 5
Stock and Watson methodology, Aug. 1982=100 5
990*
238.1
240.7
204.0
207.1
240.3
206.8
124.8
129.3
125.1
130.3
125.1
130.3
241.3
-
208.0
243.7
208.6
242.7
209.2
241.6
207.1
125.2
130.6
125.2
130.7
124.9
"130.3
124.7
129.7
NOTE.—The following current high values were reached before July 1991: May 1984—BCI-118 (15.01); June
1984—BCI-115 (13.00), BCI-116 (14.49), and BCI-117 (10.67); August 1984—BCI-109 (13.00), BCI-114 (10.49), and
BCI-119 (11.64); September 1989—BCI-95 (16.05); July 1990—BCI-101 (409,650); October 1990—BCI-72 (476,867);
r
and November 1990—BCI-66 (736,742).
See page C-6 for other footnotes.
247.1
SURVEY OF CURRENT BUSINESS
C-6 • September 1992
FOOTNOTES FOR PAGES C-l THROUGH 05
a
AR
c
©
-e
*
Anticipated.
Annual rate.
Corrected.
Copyrighted.
Estimated.
Available data for later period(s) listed in notes.
NSA
p
r
*
§
o
Not seasonally adjusted.
Preliminary.
Revised.
Graph included for this series.
Major revision-see notes.
End of period.
L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks; troughs, and overall. Series classifications
are shown in parentheses following the series titles.
$ Cyclical indicator series denoted by t are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to composite indexes,
and current high values,
t Cyclical indicator series denoted by | are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
For information on composite indexes and other concepts used in this section, see "Composite Indexes of Leading, Coincident, and Lagging Indicators" in the November 1987
SURVEY OF CURRENT BUSINESS and "Business Cycle Indicators: Revised Composite Indexes" in the January 1989 SURVEY.
References to series in this section use the prefix "BCI-" followed by the series number. Unless otherwise noted, series are seasonally adjusted.
Percent change data are centered within the spans: 1-month changes are placed in the ending month, 3-month changes are placed in the 3d month, 6-month changes are
placed in the 4th month, 1-quarter changes are placed in the ending quarter, and 4-quarter changes are placed in the 3d quarter.
Diffusion indexes are defined as the percent of components rising plus one-half of the percent of components unchanged. Diffusion index data are centered within the spans:
1-month indexes are placed in the ending month and 6-month indexes are placed in the 4th month.
High values reached by cyclical indicators since the last reference cycle trough (November 1982) are shown in boldface type; high values reached prior to the period shown in
the table are listed at the bottom of each page. For inverted series, low values are indicated as highs.
Sources for series in this section are shown on pages C-27 and C-28 in the April 1992 SURVEY.
Page C-1
Page C-4
* Preliminary September 1992 values: BCI-19 = 418.97 and BCI-109 = 6.00.
1. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
3. Excludes BCI-57, for which data are not available.
4. Excludes BCI-77 and BCI-95, for which data are not available.
* Preliminary September 1992 values: BCI-122 = 56.4, BCI-123 = 73.0, and BCI-85 = 1.62.
1. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
Page C-5
NOTE.—Major data revision: The index of industrial production for Canada (BCI-723) has been
revised by the source from 1987 forward to reflect the annual updating of the basic data and the
application of new seasonal adjustment factors. For further information, contact Statistics Canada,
Industry Product Division, Ottawa K1A OV5, Canada.
Page C-2
NOTE.—Major data revision: New plant and equipment expenditures by business (BCI-61 and BCl* Preliminary September 1992 values: BCI-119 = 3.23, BCI-114 = 2.99, BCI-116 = 7.99, BCI-115
100) have been revised by the source from 1989 forward to reflect the computation of new seasonal
adjustment factors. For further information, contact the U.S. Department of Commerce, Bureau of the = 7.07, BCI-117 = 6.22, BCI-109 = 6.00, BCI-19 (1941-43=10) = 418.97, BCI-19 (1967=100) = 455.8,
BCI-748 = 1,273.1, BCI-745 = 289.0, BCI-746 = 891.7, BCI-742 = 1,033.3, BCI-747 = 228.5, BCI-743
Census, Industry Division, Washington, DC 20233.
= 389.5, BCI-750 = 81.08, BCI-758 = 123.76, BCI-755 = 1.4417, BCI-756 = 4.9097, BCI-752 = 0.5211,
* Anticipated 4th quarter 1992 values: BCI-61 = 562.36 and BCI-100 = 529.98.
BCI-757 = 1,135.21, and BCI-753 = 1.2106.
1. Data exclude Puerto Rico, which is included in figures published by the source agency.
1. Balance of payments basis: Excludes transfers under military grants and Department of Defense
2. Copyrighted. This series may not be reproduced without written permission from McGraw-Hill
Information Systems Company, F.W. Dodge Division, 1221 Avenue of the Americas, New York, NY sales contracts (exports) and Department of Defense purchases (imports).
2. Organisation for Economic Co-operation and Development.
10020.
3. This index is the weighted-average exchange value of the U.S. dollar against the currencies of
the other G-10 countries plus Switzerland. Each country is weighted by its 1972-76 global trade. For a
description of this index, see the August 1978 Federal Reserve Bulletin (p. 700).
Page C-3
4. This index is compiled by the Center for International Business Cycle Research (CIBCR), Graduate
* Preliminary September 1992 value: BCI-23 = 285.7.
School of Business, Columbia University, New York, NY 10027.
1. Copyrighted. This series may not be reproduced without written permission from Commodity
5. For an explanation of this index, see "The Composite Index of Coincident Indicators and Alternative
Research Bureau, Inc., 75 Wall Street, 22d Floor, New York, NY 10005.
Coincident Indexes" in the June 1992 SURVEY.
Notes for Pages C-7 Through C-24
The following notes explain general features of the charts that appear in this section:
• Business cycle peaks (P) and troughs (T), as designated by the National Bureau of Economic
Research, Inc., are indicated at the top of each chart. The shaded areas represent recessions.
• For each series classified as a cyclical indicator, the timing classifications at peaks, at
troughs, and overall are shown in a box adjacent to the title. (L = leading, C = coincident, Lg =
lagging, U - unclassified.) A complete list of series titles and sources is shown in the April and
October issues of the SURVEY.
• Arithmetic scales are designated "Scale A." On the same arithmetic scale, equal vertical
distances represent equal differences in data. (For example, the vertical distance from 10 to 15
is the same as the distance from 100 to 105.)
• Logarithmic (log) scales are designated L-1, L-2, or L-3 to indicate their relative size. On
log scales of the same size, equal vertical distances represent equal percentage changes. (For
example, the vertical distance from 10 to 15 is the same as the distance from 100 to 150.)
Compared with an L-1 scale, the same percentage change covers half the distance on an L-2
scale and one-third the distance on an L-3 scale.
t Data are monthly unless otherwise indicated. Quarterly data are indicated by a "Q" following
the series title.
• Some series include a centered moving average, which is shown as a heavy line
superimposed on the actual monthly data.
• Parallel lines across a plotted series indicate a missing data value, change in definition, or
other significant break in continuity.
• The box near the end of each plotted series indicates the latest data month (Arabic numeral)
or quarter (Roman numeral) shown or, for series computed over a span of time (diffusion indexes
and rates of change), the latest data period used in computing the series.
SURVEY OF CURRENT BUSINESS
September 1992 • C-7
Composite Indexes
Aug. Apr.
Apr. Feb.
P T
P T
Dec. Nov.
P T
Jan. July July Nov.
PT P
T
Nov. Mar.
P T
Index: 1982=100
Composite index of 11 leading indicators
(series 1,5,8,19,20,29,32,83,92,99,106)
,
-is
-8
""
920. Composite index of 4 coincident indica
(series 41,47,5?! 57)
•2.
930. Composite index of 7 lagging indicators
(series «2J 77,91 95,
coincident index ID lagging in
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—The numbers and arrows indicate length of leads (-) and lags (+) in months from business
cycle turning dates. Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
C-8 • September 3992
Composite Indexes: Rates of Change
Aug. Apr.
Apr. Fab
P T
P
T
Percent change over 3-month span, annual rate
Composite Indexes: Diffusion
950 Diffusion index of 1
Percent of components rising over 6-month span
100500-
Diffus on ind »x of 4 coincident indi
10050-
s
CO
0-
100500-
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—Current data for these series are shown on page C-1.
•s
SURVEY OF CURRENT BUSINESS
September 1992
Composite Indexes: Leading Index Components
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
1. Average 'weekly hours of productior
5. Average weekly initial claims for unemploynr
Nov. Mar.
P
T
Jan. July July Nov.
PT P T
isory workers, manufacturing (hours)
urance, State
(housa ids—inverted scale
ds a id materials industr es (bil
vendor performa
20. Contracts and o
in1982 iollars (bil.d
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 1992
NOTE.—Current data for these series are shown on page C-1.
• C-9
C-10
• September 1992
SURVEY OF CURRENT BUSINESS
Composite Indexes: Leading Index Components—Continued
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P T
29. New private housing units author!
Jan. July July Nov.
PT P
T
mits (index: 1967=100)
ies, smoothed1 (b I. dol.)
manufacturers' unf lied orders in 1982 dollars durable gooc s industries
sens tive materials prices,
19. Stock prices, 500 common stocks (irdex: 1941-43=10)
upply M2 in 1982 dollars (bi
Consumer exrx ctati
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
2. This is a copyrighted series used by permission; it may not be reproduced without written permission
from the University of Michigan, Survey Research Center.
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
Composite Indexes: Coincidentjndex Comp^nejits
Aug. Apr.
PT
Dec. Nov.
Apr. Feb.
P T
Nov. Mar.
Jan. July July Nov.
PT P
T
41. Employees on nonagr cultural payrolls (m
income less transfer pa; «ments
47. Industrial production (index
1982 dollars^
ring and trade sales in
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89,90-91 IS
NOTE.—Current data lor these series are shown on page C-1.
C-ll
C-I2
•
SURVEY OF CURRENT BUSINESS
September 1992
Composite Indexes: Lagging Index Components
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
I
Nov. Mar.
P
T
Jan. July July Nov.
PT
P
T
W'" I
91. Average duration of unemploymen
manufacturing and rade inventories to sales ir
ann. rate, perce
62. Change in
109. Average prime rate charged by banks (percent)
Commercial and industrial loans outstanding
' installment credit outstanding to
persona] jncomj(pej
Change in Consumer Price
per(jent)||ig,Lg,k<
x for serv ces, smoothed
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
September 1992
Employment and Unemployment
Dec. Nov.
P
T
Nov.
P
Average weekly overtime
Mar.
T
Jan. July July
P T
P
Nov.
T
product on or no isupervisory workers, manufacturing (hour!)
advertisi ig in newspapers (inde
Employee hours in n
U.C.C
40. Employees
90. Ritio, civilian emp
rai establishments
nagricultural payrolls, goods-producinc industries (millions)
on of working ago (percent)
rr ploy men t rate (percent-inverted s ;ale)
1964 65
66 67
68 69
70 71 72 73 74 75 76 77 78 79 80 81
NOTE.—Current data for these series are shown on page C-2.
82 83 84 85
86 87
88 89 90
91 1992
C-13
C-14
•
September 1992
SURVEY OF CURRENT BUSINESS
Dec.
Nov.
P
T
520048004400400036003200-
120110100-
nondurable manufactures (index: 1987=100)
90-
70-
durable manufactures (index
6050J
120110100-
75J Industrial production, conisumer goods (index: 1987^100)
90807060-
90807060-
1964 65
66 67 68 69 70
71 72 73 74 75
NOTE.—Current data for these series are shown on page C-2.
76 77
78 79 80
81
82 83 84 85
86 87
88 89 90 91 1992
SURVEY OF CURRENT BUSINESS
September 1992
• C-15
Sales and Orders
Dec. Nov.
P
T
Nov.
P
Mar.
T
Jan. July July
PT
P
Nov.
T
stores in 1982 dollars (bil. dol.)
S
en
dura ble gooe s industi ies (bil
Wages and Consumer Attitudes
ons, Jne Conference Board (index
L,L,L
1964 65
66 67
68
69 70 71
72 73 74
NOTE.—Current data for these series are shown on pages C-2 and C-4.
75 76 77 78 79
80 81
82 83 84 85
86 87 88
89 90 91 1992
C-16
SURVEY OF CURRENT BUSINESS
• September 1992
Fixed Capital Investment
12. Net business formation (index:
Numberlof new bus
27. Manufacturers' newcrdersm
nondefense capital gpods
Construction contracts awarded for c mmercirt and industrial
mmDvingavij.)
of floor space
1964 65
66 67 68 69
70 71 72 73 74 75 76 77
1. This is a copyrighted series used by permission; it may not be reproduced without written
permission from McGraw-Hill Information Systems Company, F.W. Dodge Division.
78 79 80 81
82 83 84 85 86 87 88
89 90
NOTE.—Current data for these series are shown on page C-2.
91 1992
SURVEY OF CURRENT BUSINESS
September 1992 • C-17
Fixed Capital Investment—Continued
Dec. Nov.
P T
equipment expenditures by Business
New pi
1987 dollars, Q'(ann. rate
achinery and < squipment sales i nd
ction expend! ures
x—^
business equi
snt in 1987 dollar
rivate nbnresidential fix
, bil. dol.)
durable equipment
87. Structures, Q
|Lg,ig,Lg;|
1964 65
66 67
68 69 70
71 72
73
74 75 76 77 78
1. Dotted line represents anticipated expenditures.
NOTE.—Current data for these series are show on pages C-2 and C-3.
79 80
81 82 83 84 85
86 87 88 89 90
91 1992
C-18 •
SURVEY OF CURRENT BUSINESS
September 1992
Fixed Capital Investment—Continued
Dec. Nov.
P
T
Gross private residential fi
Inventories and Inventory Investment
manufacturing ^nd trade inventories
"
1964 65
66 67 68 69 70
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87
NOTE.—Current data for these series are shown on page C-3.
88
90
91
1992
September 1992
SURVEY OF CURRENT BUSINESS
• C-19
Prices and Profits
23. Spot market prices, raw industrial Material
ull
Corporate prof its
in 1987ilollars. Q (arm. ra
Corporate prof its after ta> in current dollars, Q (arm
corporate domestic profits after tax to corporate domestic
vithlVAandCCAJjto
Ratio, corporate domestic profits afte
corporate domestic income
»,L,L
26. Ratio, implicit, pnce deflator to unit labor cost, nc nfarm business
sector, Q (index: 1982=100)
1964 65
66 67
68 69 70
71 72 73 74
75 76 77 78 79 80
IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment.
NOTE.—Current data for these series are shown on pages C-3 and C-4.
81 82
83
84 85
86
87 88 89 90
91 1992
1. From June 1981 forward, this is a copyrighted series used by permission; it may not be
reproduced without written permission from Commodity Research Bureau, Inc.
C-20
September 199.2
SURVEY OF CURRENT BUSINESS
iliiijlMi|M
Money, Credit, and Interest Rates
Jan.July July Nov.
PT
P
T
ney supply M1 (
Fe leral funds rate (i ercent)
102. Change in money supply
Discourtrateon
of 91-da i Treasury bills (t ercent)
Net change in business
(ann. rate, bil. dol.)1
new issues of high-grade
corpora e bonds (percent
hange in consumer i
[ann. rat^ bil. dol.)1
Lll
on long-terr \ Treasury bonds (per cent
raised by private nonfinanci
credit markets Q (ann.
1980 81
82 83 84 85
86
87 88 89
90 91 1992
1. The heavy line is a centered 6-term moving average.
NOTE.—Current data for these series are shown on pages C-4 and C-5.
1980 81
82 83 84 85 86
87
88 89
90
1992
SURVEY OF CURRENT BUSINESS
September 1992
Alternative Composite Indexes
CIBCR hading indexes—
Long-leading index (1967=100)
Short-leading index (1967
BEA co ncident indexes-992. Modified methodology
Stock and Watson methodology
1964 65
66 67 68
70
71 72 73
74 75 76 77
78 79
CIBCR Center for International Business Cycle Research (Columbia University).
1. See 'The Composite Index of Coincident Indicators and Alternative Coincident Indexes," SURVEY
Of CURRENT BUSINESS 72 (June 1992): 42-45.
80 81 82 83 84 85
86 87
88 89 90 91 1992
NOTE.—Current data for these series are shown on page C-5.
• C-21
C-22
• September 1992
SURVEY OF CURRENT BUSINESS
Prices
Jan.July
P T
July
P
Other Measures
Nov.
T
July
P
Percent change at annual rate
, Fixed-weighted price index, gross
domestic business product (1-Q span)
'ersonal saving rate, Q (percent)
6-month span
Consumer Price Indexes for all urban consumers—
320c. All items
Government sur
lit
323c. All items
ndex
336c. Finished goods
in output per hogr, all persons,
siness sector1 (ann. rate, percent)
4-quarter span
ds less foods and energy
1-quarter span
Government pu
ham lise imports, adjusted,
bil. dpi.)
eh; mdjse« ports, justed,
clue ing military
n.rate,
1980 81
82 83
84 85
86
87 88 89
90 91 1992
NOTE.—Current data for these series are shown on pages C-3, C-4, and C-5.
1980 81
82 83 84 85
86
87
88 89
90
91 1992
SURVEY OF CURRENT BUSINESS
International Industrial Production
Jan.July
P T
July
P
International Consumer Prices
Jan. July
P T
Nov.
T
Index: 1987=100
Industrial product!on—
47. United States
September 1592
July
P
Nov.
T
Percent change over 6-month span, annual rate
Consumer prices—
320c. United States
European countries
Republic pi^Germany
Federal Republic of Germany
732c. United Kingdom
722. United Kingdom
1980 81
82 83 84 85
86 87 88 89 90 91 1992
NOTE.—Current data for these series are shown on page C-5.
1980 81 82 83 84 85
86 87 88 89 90 91 1992
•
C-23
C-24
SURVEY OF CURRENT BUSINESS
September 1992
i International Stock Prices
Jan. July July
F T P
International Exchange Rates
Nov.
T
W sighted-dverage elxch
(iridex: March 1973=100)
Forei at currency per U .S. dollai—
1980 81
82 83 84 85
86 87 88 89 90 91 1992
NOTE.—Current data for these series are shown on page C-5.
1980 81
82 83 84 85
86 87
88 89 90
91 1992
SURVEY OF CURRENT BUSINESS
September 1992
S-l
CURRENT BUSINESS STATISTICS
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current data for the series shown in the S-pages are available on diskette on a subscription basis or from the Commerce
Department's Economic Bulletin Board. Historical data, data sources, and methodological notes for each series are published
in BUSINESS STATISTICS, 1963-91. For more information, write to Business Statistics Branch, Business Outlook Division
(BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Statistics Branch.
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown in
BUSINESS STATISTICS, 1953-91
1991
Annual
1990
1991
July
Aug.
Sept.
1992
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
49432
28528
7339
557.1
654.4
911 7
5528
2978
49887
28849
50096
28950
7396
561.6
663.4
936.1
5560
3007
'50154
28906
741 2
563.6
661.0
9298
5586
'50385
29057
'7428
'564.2
'663.1
'935.7
3021
50327
29076
7453
566.3
664.7
9363
561 3
3036
'48.1
3586
'36.1
'3592
July
Aug.
1. GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
[Billions of dollars]
Seasonally adjusted, at annual rates:
Total personal income
Wage and salary disbursements total
Commodity-producing industries total
Manufacturing
Distributive industries
Service industries
Government
Other labor income .
Proprietors' income: i
Farm
Nonfarm
Rental income of persons with capital consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to persons
Less: Personal contributions for social insurance ..
Total nonfarm income
46642
27428
7456
556.1
634.6
8478
5148
271 0
48283
28122
7374
556.9
647.4
8839
5436
2883
48276
28144
7373
557.7
647.3
8844
5455
2891
48475
28256
7394
559.5
651.8
8903
5442
2906
48634
28331
739.7
559.8
654.1
896.0
5433
292.1
48893
28354
744.3
565.7
650.0
8966
5446
2936
48874
28385
7373
560.5
653.2
901.4
5465
2950
49449
2861 2
7429
565.4
655.4
9148
5481
2964
7371
561.1
664.9
928.0
5550
2992
5641
3050
'31.4
' 5 050 6 5 0 2 6 9
'29104 29298
741.4
'741.8
'565.2
563.8
'663.1
667.3
'938.3
950.9
5672
5701
306.4
307.9
'29.7
'3629
41.7
35.8
31.2
28.7
28.6
40.9
29.1
43.8
30.5
40.7
49.0
3252
3322
3372
3373
3382
3397
3395
3407
3490
3548
3569
-123
1403
-104
1370
-115
-107
700.6
771.1
238.4
4,770.4
135.9
699.4
771.0
239.1
4,774.3
135.6
701.8
778.7
240.2
4,796.8
135.4
704.2
781.5
241.1
4,813.0
134.7
703.8
794.1
240.7
4,826.5
-48
134.3
703.4
793.7
241.2
4,836.5
-28
694.5
685.8
224.8
45996
702.6
811.7
242.5
4,879.3
-42
133.6
693.1
835.5
244.9
4,890.7
-62
133.8
684.4
844.3
247.3
4 925.8
676.9
848.2
248.2
4,938.2
4,664.2
621.3
40429
3,867.3
37484
464.3
1,224.5
20597
109.6
4,828.3
618.7
42096
4,009.9
38877
446.1
1,251.5
2 190 1
112.5
4,827.6
615.7
42120
4,029.8
39074
454.3
1,259.8
21933
112.5
4,847.5
618.7
4,228.8
4,028.9
39066
449.3
1 ,254.1
22032
112.5
4,863.4
621.4
4 242.0
4,051.0
3 928.7
455.5
1,252.1
2221 1
112.4
4,889.3
621.6
4,267.7
4,043.1
39208
451.1
1 ,249.5
22201
112.6
4,887.4
621.2
4,266.2
4,068.8
39465
450.2
1,251.7
22447
112.6
4,944.9
624.1
43209
4,084.4
3961 5
450.0
1 ,253.0
22585
113.3
4,943.2
621.8
4 321 .4
4,131.3
40078
469.1
1 ,272.3
22664
113.4
4,988.7
627.9
4 360.8
4,153.8
40303
475.5
1 ,280.6
22743
113.3
5,009.6
609.0
44006
4,153.7
40303
463.5
1,269.5
22973
113.3
93
175.6
97
199.6
99
182.2
9.9
199.8
99
190.9
9.7
224.5
9.7
197.3
9.7
236.5
10.2
10.2
190.1
207.0
102
246.8
'238.0
4.3
4.7
4.5
4.5
4.8
4.8
5.1
4.8
4.9
4.9
5.3
5.5
35165
3,509.0
3,510.4
3,512.7
3,511.3
3,526.4
3,513.4
3,552.5
3,549.3
3,565.9
3,581.9
'3,573.3
'3,577.8
3,557.8
3,260.4
4393
1,056.5
1,764.6
3,240.8
1,042.4
1,783.7
3,256.5
420.9
1,052.0
1,783.6
3,245.0
416.7
1,042.9
1,785.4
3,252.1
420.7
1,039.3
1 ,792.0
3,239.8
415.8
1,037.2
1,786.8
3,250.1
414.8
1,034.7
1 ,800.6
3,257.0
417.6
1,034.7
1,804.6
3,291 .7
433.8
1,052.7
1,805.2
3,295.6
437.7
1,055.2
1 ,802.7
3,280.5 3,280.3 '3,284.8 '3,300.3 '3,314.9
'438.6
425.6
423.9
'427.6
'436.6
1 ,048.8 '1,043.6 . '1,052.2
1,040.9 1,044.4
1,813.9 '1,812.1 '1,808.4 '1,818.2 ' 1 ,826.1
3,316.8
434.2
1,050.0
1 ,832.6
115.0
120.0
120.0
120.4
120.8
121.0
121.4
121.6
121.8
122.3
122.9
'123.2
'123.4
'123.6
'123.8
123.6
109.2
107.0
106.6
110.4
111.4
109.8
107.5
105.2
104.9
107.5
107.1
106.6
'107.3
110.3
'107.7
111.3
102.6
108.0
98.0
100.6
105.7
113.0
110.8
115.7
100.0
117.2
104.6
104.4
104.9
98.5
'98.1
126.2
103.5
103.1
104.0
100.5
121.2
106.9
106.8
107.0
98.3
111.7
110.4
113.5
102.0
105.6
108.2
107.8
108.7
99.3
110.4
107.1
105.1
109.7
100.6
109.7
111.4
108.8
114.8
101.4
111.6
107.8
101.1
109.2
107.4
107.1
107.9
110.3
107.7
107.7
107.7
102.0
107.7
107.1
108.5
109.1
108.7
'109.6
'96.8
'101.1
'112.4
110.7
'114.6
'96.3
'108.1
'108.7
'105.9
'112.2
106.5
112.9
110.3
116.3
109.2
107.1
108.1
108.0
108.4
108.4
108.1
107.4
106.6
107.2
107.6
108.1
108.9
108.5
'109.2
108.6
109.0
110.6
110.0
108.4
109.9
109.1
108.1
109.4
108.8
108.5
109.8
109.3
109.0
110.6
110.1
109.7
'111.4
'110.8
109.1
'110.6
'109.8
'109,4
'111.0
110.2
109.2
110.9
109.7
-8.6
-123
1338
-1 2
33
135.4
136.6
'675.2
'676.0
r
854.2
'860.9
248.3
249.8
4,944.9 '4,973.9
-32
1342
'361 9
8.0
137.9
'674.4
864.1
249.9
'4,984.4
'10.2
139.5
'673.1
'868.8
'250.5
'4,998.1
22.0
364.2
-329
141.3
672.0
874.7
252.0
4,982.1
DISPOSITION OF PERSONAL INCOME f
[Billions of dollars, unless otherwise indicated]
Seasonally adjusted, at annual rates:
Total personal income
Less: Personal tax and nontax payments
Equals' Disposable personal income
Less: Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Interest paid by persons
Personal transfer payments to rest of the world
(net)
Equals: personal saving
Personal saving as percentage of disposable
personal income §
Disposable personal income in constant (1987)
dollars
Personal consumption expenditures in constant
(1987) dollars
Durable goods
Nondurable goods
Services
Implicit price deflator for personal consumption
expenditures, 1987-100
4147
r
5,015.4
'614.7
"44007
'4,162.7
'40399
462.6
1 ,274.0
r
23033
112.4
r
104
5,032.7
'617.6
'4,4151
'4,174.9
'4 052 6
'468.6
1,280.3
'2 303 7
111.9
'10.4
'240.2
'5.3
'3,578.6
'5,038.5 '5,050.6
'619.0
'622.6
'4,419.5 '4428.0
'4,200.9 '4,224.4
'40787 '4102.6
'480.5
'478.2
'1,278.3 '1,290.3
'23199 '2 334 2
r
1 1 1 .4
'111.8
'10.4
'218.6
'5.0
'3,576.1
5,026.9
628.9
4,398.1
4,221 .8
41001
476.3
1 ,290.6
23332
'111.3
'10.4
10.4
'203.6
176.3
4.5
INDUSTRIAL PRODUCTION
[1987=100]
Not seasonally adjusted:
Total index
By industry groups:
Mining
Utilities
Manufacturing
Durable
Nondurable
Seasonally adjusted:
Total index
By market groups:
Products total
Final products
Consumer qoods
See footnotes at end of tables.
1099
110.1
110.8
107.3
108.1
109.6
107.5
108.7
110.2
108.3
108.5
109.8
108.4
108.9
110.4
109.4
97.5
109.0
110.6
109.7
107.5
108.7
108.1
95.9
98.4
SURVEY OF CURRENT BUSINESS
September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
Shown in BUSINESS
1991
Annual
1990
STATISTICS, 1963-91
|
1991
July
Aug.
Sept.
1992
Oct.
Nov.
Jan.
Dec.
Feb. | Mar.
Apr.
May
June
July
Aug.
'1092
'108.0
104.0
'110.2
'1081
'105.5
100.1
'110.1
'110.8
'1083
'96.7
'121.1
'121.4
'108.9
1085
1. GENERAL BUSINESS INDICATORS-Continued
INDUSTRIAL PRODUCTION-Continued
[1987=100]
Seasonally adjusted—Continued
By market groups—Continued
Final products—Continued
Consumer goods—Continued
Durable
Automotive products
Autos and trucks
Other durable goods
Nondurable
Foods and tobacco
Clothing
.
Chemical products
Paper products
Energy products
Equipment, total ...
Business equipment
Information processing and related
Office and computing machines .
Industrial
Transit
Autos and trucks
Defense and space equipment
Oil and gas well drilling
Manufactured homes
Intermediate products
Construction supplies
Business supplies
Materials
Durable
Nondurable
Energy
By industry groups:
Mining
Metal mining
Coal
Oil and gas extraction #
Crude oil
Natural gas
Stone and earth minerals
Utilities
Electric
Gas
Manufacturing
Durable
Lumber and products
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Nonferrous
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments
109.3
107.6
108.9
108.1
109.0
1059
1068
1069
1071
1098
1078
957
113.2
935
115.9
943
115.4
948
117.4
952
117.3
1196
1234
1221
1226
1264
1268
1268
1247
1246
1251
108.0
109.4
109.5
1248
1067
1256
105.9
108.5
109.3
106.8
106.4
1123
110.9
1214
130.3
152.2
131.7
156.0
134.0
159.1
134.1
160.6
1090
1086
1082
1068
1042
1023
1007
892
131.2
966
126.7
862
132.7
993
133.1
101 1
130.5
965
129.5
961
124.2
849
110.2
121 0
134.6
162.4
101.3
129.2
947
'112.3
1223
1094
1199
111.3
1222
131.1
156.0
111.6
121 3
130.3
153.1
111.9
121 6
131.5
155.6
1128
1225
111 8
1230
107.0
110.4
121 5
136.0
164.9
101 3
128.9
950
108.9
115.5
112.0
111.4
121 8
133.4
157.8
111 1
110.6
107.8
111.5
'110.7
M077
'96.4
'121.4
r
124.3
r
107.2
89.1
79.0
86.3
88.8
78.1
88.1
75.8
87.5
86.7
71.8
86.2
73.9
870
983
101.7
103.9
955
109.9
105.2
1061
102.2
97.2
127.2
149.6
1152
130.0
967
1055
98.1
1040
98.6
90.2
105.7
108.3
109.6
1081
1272
102.3
1077
1075
1060
1046
101 3
1053
1062
1079
106.5
103.0
108.7
106.7
105.1
108.1
110.3
103.6
101.3
103.6
96.7
94.2
84.3
101.6
99.0
94.3
95.7
108.0
107.2
108.3
111.1
110.3
106.9
110.0
109.8
108.3
110.2
106.5
102.5
109.1
110.7
1081
1070
1073
962
118.0
950
118.1
1074
95.2
1078
95.1
117.0
965
117.9
118.3
119.4
953
120.8
91.0
94.1
90.0
97.8
89.8
86.7
89.1
80.1
854
865
862
103.3
961
108.3
105.5
104.0
969
109.0
107.0
903
104.4
967
109.7
104.3
965
109.7
107.2
107.5
1071
1060
1023
1082
1081
1091
1078
1093
1083
104.1
103.3
101 1
150.2
109.3
958
884
1027
152.8
113.4
955
875
101 3
155.5
110.8
1046
1193
1078
1085
88.3
1090
1078
1080
1108
1089
1127
1109
1166
97.3
109.3
906
107.7
1052
109.4
107.8
111 8
1060
102.1
1025
977
109.9
111.6
101.1
105.9
105.8
108.2
109.7
Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
1024
98.3
90.8
950
107.5
107.1
94.1
99.1
95.0
99.6
98.2
1061
1058
101 6
126.5
111.4
105.5
123.5
110.1
1004
98.8
90.8
153.0
116.0
964
897
108.3
108.1
95.7
88.7
1088
1070
1107
115.6
924
108.4
1078
96.3
84.7
79.2
1007
104.0
960
109.6
105.8
108.1
104.4
967
109.7
103.9
965
109.0
106.1
108.3
106.8
1071
1089
1087
1094
100.1
101.3
106.6
108.6
1077
1071
1070
1073
103.6
103.1
102.2
100.4
100.4
100.5
101 4
153.1
110.1
960
888
100.7
146.5
107.9
996
151.5
108.4
988
154.0
107.6
98.4
97.5
152.9
107.9
155.8
103.0
991
154.2
104.0
96.0
88.9
1124
94.1
87.4
1091
1058
93.0
87.5
1056
1064
978
144.2
107.3
924
92.7
86.9
1062
91.9
86.4
1036
1074
94.2
86.5
1097
1059
111 0
112.7
107.9
109.9
1068
1093
1082
1047
1005
975
107.4
107.7
110.7
967
108.5
109.0
1125
1073
1097
1134
958
108.9
108.4
105.9
1-09.4
112.2
989
1107
'111 4
108.0
'107.3
'110.2
'105.6
107.1
'109.8
98.6
'93.9
'85.8
101.1
102.5
105.0
989
997
121.4
110.0
102.7
103.7
101 2
121.9
110.7
101.4
102.5
999
100.0
122.9
110.9
93.8
87.1
1183
96.8
93.8
96.5
94.2
98.0
98.5
118.6
118.6
119.0
1095
1096
1104
1107
102.5
109.2
988
103.1
109.6
994
104.7
110.2
101 3
105.3
109.6
101 0
106.3
99.0
1070
97.5
1071
97.7
1046
97.8
1058
98.0
1070
99.0
1058
114.2
113.0
114.5
112.6
114.8
114.4
113.8
113.7
1067
1086
1127
1066
1134
1069
1148
1097
1158
1103
112.6
113.0
113.2
114.0
115.4
116.5
'113.4
'117.0
'1085
'117.1
'113.0
'1179
'1087
117.3
552,437
491,363
536,977
233 247
118698
114,549
157,808
56,919
100,889
145,922
71 ,280
74642
510,044
544,017
556,171
545,424
237 898
121,991
115,907
240 684
123503
117,181
159,753
57,961
101,792
146,366
71,644
74722
157,873
57,122
100,751
146,867
72,807
74060
546,661
547,081
241 749
123483
118266
158385
57442
100,943
146,947
72,140
74807
551,605
546,145
241 479
122344
119135
159111
57643
101,468
145,555
71 ,340
74215
'579,829
'554,363
'247 252
'125831
'121421
'158982
'57686
'101,296
'148,129
'73,832
'74297
95.8
95.5
94.4
94.4
101.2
102.6
100.6
102.3
100.8
103.5
105.6
101.3
101.7
1055
1044
1005
1008
101.4
123.3
111.5
101 9
123.1
111.0
102.2
102.6
102.4
102.9
101.9
123.5
109.8
102.4
100.4
118.2
101.8
122.8
110.7
101.2
121.9
110.6
99.7
95.9
98.0
94.6
118.7
119.0
110.1
109.4
102.2
105.5
1096
110.1
109.5
109.6
97.7
94.7
104.4
98.7
98.8
1061
96.8
1169
96.7
118.1
116.5
116.9
1078
1079
1086
107.6
987
100.7
108.6
100.6
108.3
102.6
104.2
109.0
108.7
103.1
104.7
98.8
1054
96.1
1050
97.8
1081
98.3
1065
98.1
1080
112.0
112.1
1109
1076
112.3
112.3
113.3
1101
1083
111.9
111.5
1083
1073
1126
1086
110.2
110.1
110.1
112.6
113.8
109.0
114.4
113.5
106.0
113.2
549,020
537,373
237,616 237,844
120,222 121 021
117,394 116,823
154,797 153,819
54,080
54,830
99,967
99,739
' 146,576 145,710
r
70935
70,951
r
75 625 74775
548,176
539,269
563,232
541,247
541,579
540,382
238,836
121,958
116,878
154330
55,223
99,107
146,103
72174
73929
240,912
122,771
118,141
154,569
55,450
99,119
145,766
71 ,204
74562
240,980
122,814
118,166
154,092
54,722
99,370
145,310
70.855
74455
OO Q
'98.0
'154.0
107.6
100.6
103.2
'99.7
166.4
107.6
'93.4
'84.5
99.2
98.6
95.0
96.4
99.9
92.8
109.5
'971
107.0
107.8
93.8
100.5
1096
'104.3
'109.3
107.5
'110.2
'1106
'100.4
98.8
98.1
94.6
108.1
107.1
108.2
1027
97.1
97.4
98.7
92.8
108.6
95.2
99.5
83.6
'74.6
105.8
109.0
101.2
118.1
88.0
1042
1048
84.2
79.2
100.3
r
104.4
'97.8
r
109.0
107.7
'110.4
'1097
'101.3
'110.0
'1075
'95.6
'121.9
'121.7
'105.7
'111.7
'1242
140.3
174.0
'102.9
'131.8
101 7
103.5
106.4
109.0
969
108.1
107.0
95.3
07 1
85.6
76.2
99.7
1096
99.0
91.6
1001
-139.2
170.5
r
103.4
133.3
105.6
103.8
950
110.0
105.8
108.1
101.3
100.9
123.9
111.0
101.3
1245
137.9
168.2
101 7
131.7
101 3
103.9
959
109.4
94.8
99.5
1035
1230
104.1
954
110.1
107.4
108.8
100.5
107.8
1076
95.2
93.0
1005
111.0
977
97.2
95.6
100.9
100.9
1009
1006
124.1
111.0
96.6
'109.9
109.1
'97.4
103.3
'96.7
102.0
'102.2
'101.8
102.2
126.7
'112.3
99.6
102.7
'119.8
'110.9
'109.3
'102.5
'106.8
'970
109.6
'108.4
'95.1
'100.5
'96.6
'102.1
'101.8
'102.5
102.2
'126.5
'112.2
'98.1
'100.3
118.4
'111.1
'109.4.
'103.1
'105.0
'98.3
1073
'112.0
'1245
'141.9
178.0
'103.7
'128.5
'97.7
'83.0
78.6
'112.0
'104.5
'97.8
'109.2
'108.7
'111.2
'110.9
'102.6
'100.4
'165.4
'112.0
'94.0
See footnotes at end of tables.
6,406,052
1
6,489,457 6,406,052
1
2 873 502 1 2 821 699
1 468 644 1 422 578
1 404 858 1 399,121
1
1
1 825 507 1 842,739
652,951
660,779
1,189,788
1,164,728
1
1 ,790,448 '1,741,614
890,261
846,466
895148
900 187
6,489,457
520,116
'538,989
4782
223.7
4764
2245
1247
1237
1282
129.8
531,919
232,730
116,869
115,861
154,280
55,406
98,874
144,909
70,467
74442
1072
96.0
121.6
121.9
106.2
112.4
1255
142.9
180.5
103.4
131.9
100.6
82.6
75.0
104.0
104.1
97.6
108.6
107.7
110.8
109.3
101.0
99.1
163.8
106.4
93.0
'103.4
'109.5
'112.9
'96.7
107.3
108.2
111.4
'110.0
'109.0
'98.9
'101.3
'97.0
'106.0
'106.7
'104.9
'102.5
'128.1
'112.4
'96.4
'97.3
'118.2
'111.2
'110.2
'101.7
'107.0
'99.3
'1081
'112.3
'117.0
109.6
108.9
1091
1056
'117.9
117.6
BUSINESS SALES
1
99.8
86.0
[Millions of dollars; constant (1982) dollar series
in billions of dollars]
Manufacturing and trade sales (unadj.), total
Manufacturing and trade sales (seas, adj.), total
Manufacturing total
. ..
Durable goods industries
Nondurable goods industries
Retail trade total
Durable goods stores
Nondurable goods stores
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
Manufacturing and trade sales in constant (1982)
dollars (seas adj ) total
Manufacturing
Retail trade
Merchant wholesalers
105.4
111.0
110.0
541,078
558,522
248 264
125690
122574
1 60 582
58190
102,392
149,676
73,777
75899
96.4
96.9
101.4
96.7
104.6
104.4
105.0
101.8
129.3
112.8
96.4
98.5
118.1
110.5
109.4
102.8
105.8
98.3
1054
112.8
116.3
SURVEY OF CURRENT BUSINESS
Unless otherwise slated in footnotes below, data
1
"sr»wnTnBusiNE^~^AlisTi^',''i9ra-9i
|
Annual
1990
|
July
Aug. |
Sept.
S-3
June
July
Aug.
823,801
826,850
1992
1991
1991
September 1992 •
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
1. GENERAL BUSINESS INDICATORS-Continued
BUSINESS INVENTORIES
[Millions of dollars; constant (1982) dollar series in
billions of dollars]
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (unadjusted),
total
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (seas, adj.),
total
Manufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade total
Durable goods stores
Nondurable goods stores
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
Manufacturing and trade inventories in constant
(1982) dollars end of period (seas adj ) total
Manufacturing
Retail trade
Merchant wholesalers
814,195
826,239
818,459
835985
398,851
259,746
139,105
240,217
119,331
120,886
196917
130,793
66124
828,184 r819845
386,043 388,774
246,966 251,459
139,077
137,315
243,162 235,650
117,454
114,364
121,286
125,708
198979 ' 195 421
r
130,566 r129,066
68413
66 355
r
812,462
819,315
839717
843679
818 459
819052
824 489
826 727
831,591
827 531
819,746
387,900
250,520
137,380
236,523
115,121
121,402
195323
129,013
66310
822 401
389,552
251,319
138,233
238,842
116,582
122,260
194007
127,492
66515
824 672
388,555
249738
138817
240,746
117293
123,453
195371
127,192
68179
825 505
828 184
386,043
246 966
139077
243,162
117454
125,708
198979
130,566
68413
824 150
384,434
245 754
138680
240,986
115918
125,068
198730
129,517
69213
824609
383,255
244 395
138,860
241,938
117259
124,679
199416
129,834
69582
826 204
828 630
388,279
249 202
139077
240,879
116873
124,006
196347
128,126
68221
383,239
243 787
139,452
244,288
119827
124,461
198677
129,059
69618
382,206
242512
139,694
247,992
122884
125,108
198432
129,203
69229
828 032 "831 872
383,286 '"382,854
242 447 r 24 1,891
140,839 r 140,963
6807
3247
6796
3237
1867
1692
1865
1694
247,349
122694
124,655
197397
129,402
67995
832,916
382,993
240,986
142,007
r
248,81 3 250,230
r
123 198 123328
'125,615 126,902
r
200 205 199693
"131,211 130.560
r
68 994 69133
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade total
Manufacturing total
Durable goods industries
Materials and supplies
Work in process
Rnished goods
1 52
1 53
1 53
1 52
1 53
1 56
1 53
1 52
1 51
1 51
1 52
1 50
1 49
1.64
1.63
1.61
1.61
1.66
1.65
1.61
1.59
1.58
1.59
1.55
1.54
209
57
207
57
.99
51
1 63
206
56
98
51
203
56
97
51
203
56
97
51
211
58
1 01
53
207
57
98
52
200
55
95
50
1 97
54
93
50
1 98
55
93
51
1 92
53
89
49
1 92
53
.89
50
1 18
.44
19
55
1 18
.44
19
55
1 18
.44
19
55
1 18
.44
19
55
1 20
.45
19
56
1 21
.45
19
57
1 20
.44
19
56
1 19
.44
19
56
1 96
54
.92
50
1 18
.44
19
55
1 18
.44
19
56
'1 16
.43
19
54
1 16
.43
18
54
1.57
214
212
1 24
1.24
1 35
1.33
1.77
1.00
52
1 17
.44
19
54
Materials and supplies
Work in process ..
Finished goods
Retail trade total
Durable goods stores
Nondurable goods stores
Merchant wholesalers total
Durable goods establishments
Nondurable qoods establishments
Manufacturing and trade in constant (1982) dollars,
total
Manufacturing
Retail trade
Merchant wholesalers
1.52
1.54
156
212
1 25
156
214
1 25
1 58
212
1 27
1 53
204
1 24
1.55
1.57
213
122
155
211
1 23
1.51
209
1 21
202
1 22
210
1 24
214
1 24
1 55
213
1 23
1 33
1.82
r
88
1 34
1 33
1 34
1 37
1 36
1 36
1 35
1 35
1 36
1.82
1.77
1.79
1.85
1.82
1.81
1.77
1.79
1.81
1 42
1 45
1 50
1 43
1 44
1 51
1.30
1.32
r
89
90
91
1 35
181
92
241,483
122,547
4798
10,685
4506
13421
19,579
17751
32,960
19,201
10,751
118936
32,749
3,682
r
1.78
r
1.56
92
93
93
94
93
226,829
115,517
210,835
104,302
233,875
120,146
4496
11,060
4730
13068
19,325
16601
32,721
19,626
9,885
113729
31 ,778
2,013
5,759
10437
24,040
11,259
8,945
237898
250,588
131,400
4,949
11,290
4885
13666
23,580
18 158
34,928
20,375
11,002
119 188
33,158
3,241
6,264
10615
25,282
11,690
9,288
240 684
240,550
123,510
5,222
11,372
4,830
13233
20,116
16508
33,610
20,735
9,962
117040
32,300
1,849
5,917
10280
25,426
12,831
9,195
241 749
243,922 '264,164
124,991 r 137,601
r
5,322
5,833
11,438 "11,818
r
4802 r 4,984
14 396
13506
20,094 '25,167
16887 r 18 640
34,335 '35,714
22,227 '21,134
10,036 '11,300
118931 '126563
33,567 '33,670
2,484
'4.304
6,002
'6,760
10227 '10960
25,185 '26,486
13,546 '14,523
'9,640
9,060
241 479 '247252
226,823
110,044
5,394
10,414
4.306
12149
18,280
16082
25,588
13,534
9,261
116779
31,396
2,351
5,422
10250
24,071
14,296
8,611
248 264
121 991
4850
11 066
4,764
13077
20,055
16,811
32604
18812
10276
123503
4952
10948
4,689
12957
20,871
17,249
32617
19128
10331
117,181
32,392
2720
6036
10,407
24047
12,749
9,038
123483
5094
11 112
4,713
13136
20,616
17,184
32488
19472
10,461
118,266
33,186
122344 '125831
5184
'5320
11 223 ' 1 1 291
'4,731
4,665
13044 '13411
20,622 '21,622
17,157 '17,293
31 880 '32835
19775 '19515
10106 '10472
119,135 "121.421
32,940 '32,390
2165
'3522
'6173
6033
10,386 '10,503
24958 '25315
13,640 '14.399
'8,890
8,790
125690
5544
11 212
4,650
13340
21,163
18,062
32393
19005
10,231
122,574
32,724
3288
6257
10,523
25469
14,387
8,939
92
93
91
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS t
[Millions of dollars]
Shipments (not seas, adj.), total
Durable goods industries, total
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills .
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries total
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas adj ) total
By industry group:
Durable goods industries total #
Stone clay and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total #
Food and kindred products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and elastics oroducts
See footnotes at end of tables.
2,873,502
1,468,644
63,468
146.052
62121
163053
256,344
194849
367,927
214,964
123,777
1404858
384,009
29,923
65,951
131444
288,184
172.589
101.398
2,821,699
1,422,578
57,103
129,969
54,876
156877
242,835
199544
363,218
206,379
123.945
1 399121
387.050
32,273
67,756
124367
289,039
160,391
103,602
216,452
105,131
4,822
10,003
4,221
11 848
17,445
14785
24,935
13,307
9,420
111 321
30,917
1,969
5,043
10171
22,702
13,177
8,424
237616
238,300
119,037
5,198
11,030
4,658
13305
18,611
16562
30,615
17,903
10,334
119263
32,453
2,635
6,198
10583
24,005
13,831
8,963
237 844
254,174
130,137
5,292
11,429
4,829
13937
22,032
18551
34,372
19,588
10,981
124 037
34,117
3,197
6,491
10720
25,158
13,873
9,318
238836
250,716
127,915
5220
11,516
4909
14392
20,151
17038
35,419
22,117
10,500
122801
33,623
2,590
10635
24,156
13,959
9,413
240912
10 114
23,035
13,690
8,358
240 980
120222
5056
10806
4,562
13019
20,064
16,644
31 561
18636
10,344
117,394
32,216
2798
5893
10,509
24162
13,183
8,876
121 021
121 958
4889
11 030
4,764
13241
20,120
16,916
32724
18836
10,343
122771
122814
4871
10865
4,657
13328
19,986
16,619
31948
18555
10638
116,823
32,343
2711
116,878
32,355
2806
5874
10,398
24040
13,153
8,841
10,473
24168
12,768
8,946
5914
6514
4801
10948
4,699
13572
20,327
16,881
33222
19405
10451
118,141
32,539
2721
5987
10,431
24381
13,135
9,000
6116
4771
10845
4,609
13624
20,463
17,210
32495
18679
10569
118,166
32,760
3190
5901
10,311
23842
13,266
8,812
4012
9,548
4117
4136
10,361
4600
11 602
16,941
14694
25,928
15,964
9,035
106533
29,318
1,734
12 118
21,713
17666
28,237
13,583
11,118
111 312
31,791
3,025
5332
9948
22,598
12,425
7,745
232 730
10023
23,298
11,037
8,285
233 247
116869
4684
10620
4,573
13084
19,731
17,201
28778
16716
10255
115,861
32,369
2504
118698
4785
10857
4,698
13043
20,194
16,531
30003
17309
10130
114,549
31,648
2689
5131
115,907
32,219
2576
5812
5917
5917
10,367
23725
12,474
8,666
10,293
23989
11,576
8,948
10,373
23993
12,382
8,963
2111
6043
10,387
24502
13,213
8,978
SURVEY OF CURRENT BUSINESS
S-4 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1 963-91
Annual
1992
1991
1991
1990
July
Aug.
Sept.
Oct.
|
Nov.
|
Jan.
Dec.
Feb.
Mar.
Apr.
|
June
May
July |
Aug.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued t
[Millions of dollars]
Shipments (seas, adj.)—Continued
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense .
Defense
1
173073
646,854
462 558
1
1 1 0 302
1
178,379
1
i 962 115
15813
54,449
39835
14,290
15518
53,965
39199
9504
14,416
78439
78267
15513
54,152
38425
9261
9351
14,418
1 928 029
1
1
15351
53,945
38486
M81 320
648,872
1
457 838
1 1 03 971
1
169,189
1
1
15925
53,275
39015
9424
14,875
16275
53,811
39934
9526
15,073
16314
54,288
39299
9723
15,226
16497
54,600
38751
9808
15,249
r
14,390
15946
52,913
37841
8659"
14,489
16 492
56,216
40 895
'9717
r
15,412
17052
56,747
40700
9542
15,445
78133
76064
77041
78223
78842
79566
79415
r
80737
7,018
38,443
30,603
7,840
15726
53,645
37078
14,441
16085
55,051
39925
9429
14,594
78367
78786
9691
8615
r
r
80 983
r
7,294
40,866
32,647
8,219
78,356
1
468,590
'363718
1
104,872
80,036
1
467,572
1
365 708
1
101,864
6792
38,430
30248
8,182
6,837
39,534
30569
8,965
6907
39,828
30927
8,901
6,943
40,170
31 509
8,661
7,107
40,216
31 643
8,573
6,725
37,692
29422
8,270
6,851
38,417
30,168
8,249
6,854
39,668
30930
8,738
7,030
40,244
31 ,950
8,294
7,094
39,282
30,896
8,386
392 493
254,508
137985
379 926
241,915
138011
389 375
252,345
137030
389,161
251,675
137486
387 889
250,126
137763
388727
249,622
139105
387 971
248,831
139 140
379 926
241,915
138011
383,927
244,639
139 288
385716
245,863
139853
383,614
244,207
139407
384,499
244,122
140 377
385,623 r 381 ,008
244,562 '241,110
141 061 r 139 898
383,326
241 ,637
141 689
398 851
386 043
388 774
387900
389 552
388 555
388279
386043
384434
383 255
383,239
382 206
383,286
r
382,854
382,993
259,746
8,162
22195
10,961
24551
49,118
32544
76,931
13070
25,643
246,966
8,006
20,187
9,995
22693
46,406
30852
74,469
12806
24,636
251,459
8,019
21 060
10,403
23089
48,211
31 737
75,004
12417
24,974
250,520
8,038
20,894
10,309
23041
47,981
31 469
74,831
12637
24,935
251,319
7,948
20771
10,260
22954
47,798
31 372
75,992
12799
24,916
249,738
7,902
20,619
10,132
22937
47,634
31 172
75,177
12839
24,812
249,202
8,000
20,427
10,049
22998
47,205
31 070
75,404
13,022
24,562
246,966
8,006
20,187
9,995
22693
46,406
30852
74,469
12806
24,636
245,754
7,948
19,875
9,853
22939
46,110
31 002
73,673
12,366
24,362
244,395
7,966
19,751
9,870
22791
45,613
31 006
73,263
12297
24,166
243,787
7,919
19,896
9,858
22717
45,324
30977
73,028
12,387
23,999
242,512
7,903
19,864
9,737
22750
45,122
30919
71,892
12,336
23,890
242,447
7,924
19,835
9,748
22982
45,057
30871
71,531
12,284
23,874
r
241, 891
72,697
122564
64485
67,645
117,575
61 746
68,769
120484
62206
68,816
119,452
62252
68,773
120,114
62432
68,562
118868
62308
68,264
118,751
62187
67,645
117,575
61 746
67,566
116,593
61 595
67,002
115,848
61 545
66,542
115,330
61915
66,535
114,004
61 973
66,735
113,727
61985
67,304
112,540
62,047
66,799
1 1 1 ,481
62,706
139,105
28,857
5,946
8822
13,448
33405
13,236
11,800
139,077
30,038
6,408
8623
13,532
34082
1 1 ,286
11,120
137,315
29,008
6,554
8544
13,353
33407
11,887
11,321
137,380
29,096
6,493
8,555
13,177
33591
11,943
11,263
138,233
29,716
6,424
8687
13,249
33650
12,039
11,150
138,817
30,012
6,433
8708
13,426
33747
11,660
11.164
139,077
30,032
6,236
8,588
13,508
34050
11,722
11,182
139,077
30,038
6,408
8,623
13,532
34082
11,286
11,120
138,680
29,857
6,472
8,721
13,630
33750
10,887
11,123
138,860
29,951
6,519
8,752
13,599
34003
10,826
10,980
139,452
30,260
6,499
8,750
13,634
33,924
11,118
10,891
139,694
29,849
6,630
8,763
13,738
33997
11,206
10,910
140,839 '140,963
30,309
'30,531
6,843
'6,460
'8,942
8,849
'13,554
13,759
34,033
'33,893
11,473
'11.823
10,957
'11,077
142,007
30,562
6,724
9,077
13,555
33,981
12,113
11,105
51 603
22,434
65068
51 890
22,002
65185
51 711
21,864
63740
51 416
21,940
64024
51 508
22,383
64342
51 811
22,449
64557
51 440
22,101
65536
51 890
22,002
65185
51 608
22,218
64,854
51 555
22,352
64953
51 750
22,374
65,328
51 880
22,578
65,236
52060
22,61 1
66,168
'52528
'22,645
'65,790
53014
22,599
66,394
26916
56675
91 328
6853
23,529
27067
57711
89997
6624
22,392
25610
56921
90840
6356
22,786
25,736
57052
90852
6,441
22,736
26290
57663
90936
6,531
22,675
26505
57859
90465
6553
22,536
26,743
57788
90413
6,649
22,591
27067
57711
89997
6,624
22,392
27,545
57190
89853
6,535
22,324
27,725
57482
88880
6,456
22,453
27,933
57,918
88,071
6,499
22,613
28,168
57963
87,593
6,403
22,730
28,510
58,697
87,404
6,347
22,919
'28,874
'58,329
'87,332
'6,340
'23,060
29,057
58,862
87,052
6,238
23,082
132718
126,107
128,375
127,746
127,733
127,404
127,285
126,107
125,404
125,159
125,105
124,832
125,298
'125,430
125,554
13277
127422
87194
40228
12714
121 587
85,357
36230
12293
124933
86834
38099
12,308
124135
86,795
37340
12,523
124730
86,628
38102
12512
123500
85,988
37512
12,654
122951
85,880
37071
12,714
121 587
85,357
36230
12,876
120,910
85,239
35,671
12,834
119,706
84,297
35409
12,848
119,029
83,535
35,494
12,857
117,709
83,020
34,689
12,946
117,415
82,701
34,714
'13,046
'116,476
'82,312
'34,164
13,088
115,714
81,950
33,764
237 368
117,602
119766
249046
124,711
124335
246 333
124,100
122233
238,726
120,173
118553
224698
113,420
111 278
213,117
106,539
106578
230,845
116,923
1 1 3 922
249,552
129,515
120037
239,643
122,551
117092
240,441 '259,174
121,808 '132,795
118633 '126379
221 ,570
104,496
117074
Inventories, end of year or month:
Book value (non-LIFO basis) (unadjusted) total
Durable goods industries, total
Nondurable goods industries total
Book value (non-LIFO basis), (seasonally
adjusted) total
By industry group:
Durable goods industries, total #
Stone, clay, and glass products
Primary metals .
. . . .
Blast furnaces, steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
1
2 885 005 2 805 293 224195
1
112602
1 479 884 1 404 750
1 1 405 121 1 1 400 543
1 1 1 593
6,960
'40,887
r
32,830
r
8,057
240,986
r
7,955
7,933
r
19,835
19,830
r
9,832
9,816
r
22 973
23239
' 44,845
44,854
'31 009
30903
r
70,889
69,879
r
12,284
12,020
r
23,918
23,947
r
r
r
New orders net (unadj ) total
Durable goods industries total
1
New orders net (seas adj ) total
By industry group:
Durable goods industries total
Primary metals
..
Blast furnaces steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Aircraft missiles and parts
1
2 885 005
1
2 805 293
244 580
239 750
233 703
238 542
238,679
229,925
232,467
233,388
237,606
240,771
238,696
1
1 479 884
1
146 569
1
62 620
'71,357
M61 289
1
255,709
1
194,958
1
383 142
1
140 080
1
1 404 750
1
127,631
'53713
1
63,264
1
155 748
1
238,988
1
198,231
1
357 473
1
126,21 6
127 153
11,598
5289
5,359
12933
20,139
17,005
36193
15,936
122,630
11,489
5237
5,328
13345
19,844
16,014
33,352
11,748
116,528
10,946
4709
5,381
13104
20,649
16,496
27,500
6,564
120227
10,699
5,081
13369
19,660
16,817
31,643
10,246
120,343
10,712
4,276
5,572
13426
19,771
17,070
32,415
12,228
113,921
10,143
3,935
5,239
13009
19,195
17,571
27,628
9,290
118,011
10,125
4,056
5,138
13,266
20,447
16,824
28,767
9,420
117,750
11,216
4,751
5,601
13043
19,973
16,571
29,100
8,102
120,187
10,632
4,636
5,014
12,732
20,623
16,738
31,191
10,322
122,393
11,061
4,706
5,410
12,594
20,141
17,170
32,984
10,535
119,808 '123,164
11,117
'11,505
4,648
'4,852
5,382
'5,631
12,645
'13,210
20,078
'21,239
17,081
'17,477
30,810
'31,391
8,886
'9,921
119,256
11,284
4,602
5,769
13,123
20,793
18,035
26,767
6,318
M 405121
i 350 008
1
1 055113
1
117,427
1 400,543
i 341 602 28765
88662
1 058 941
117,120
28727
88,393
117,175
28765
88,410
118,315
28914
89,401
118,336
28734
89,602
116,004
28477
87,527
114,456
27769
86,687
115,638
27755
87,883
117,419
28575
88,844
118,378
28495
89,883
118,888 ' 121 ,378
28225
'28 689
90,663
'92,689
122,507
29292
93,215
Nondurable goods industries total
Industries without unfilled orders 0
By market category:
Home goods and apparel >.
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
1
1
1
1
4712
'244,542
241 ,763
173396
646,681
485 646
1
109 981
1
178 313
182,049
648,860
448 541
1
104,1 38
1
169 ,809
15461
54,193
41 571
9258
15,031
15,665
53,931
36999
9,387
14,324
15,839
53,956
37639
9,733
14,450
16,006
54,505
38560
9,672
14,392
16,185
54,988
41266
9,384
14,344
16,003
53,581
34716
8,556
14,416
15,720
52,957
37497
8,670
14,613
15,762
53,264
37772
9,438
14,790
15,862
53,795
39,828
9,487
14,991
16,477
54,294
38249
9,775
15,313
16,347
54,593
39,213
9,822
15,209
'16,814
'56,209
'39,210
'9,700
'15,396
17,129
56,759
37499
9,517
15,428
1
1
926,755
81 060
79,288
77,954
77485
78,193
75,066
76,831
77,830
77,812
79,674
78,174
'80,143
80,190
1
6855
43,807
34981
8.826
7,022
40,423
29,463
10.960
7,030
33,821
28762
5.059
7082
37,914
29453
8.461
7,111
38,012
33,066
4.946
6,937
35,394
26969
8.425
6,643
38,168
30,093
8,075
6,826
35,589
29,463
6,126
6,714
38,893
32,163
6,730
7,269
38,002
29,901
8,101
6,905
36,323
30,469
5,854
'6,952
'38,120
'30,953
'7,167
7.325
34,136
28,816
5,320
1
1
959 71 9
1
1
1
1
1
77 847
481 ,626
386 723
1
94.903
1
1
80,283
452,000
358 342
1
93.658
.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-gi
Annual
1990
1991
1991
July
Aug.
Sept. |
September 1992 •
S-5
June
Aug.
1992
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued if
[Millions of dollars]
Unfilled orders end of period (unadjusted) total
Durable goods industries, total
Nondurable goods industries with unfilled orders ? .
Unfilled orders, end of period (seasonally adjusted)
total
By industry group:
Durable goods industries, total #
Primary metals
Blast furnaces steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Aircraft missiles, and parts
Nondurable goods industries with unfilled
orders *
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
518671
497 552
21,119
502 265
479 724
22,541
517596
494 871
22,725
516664
493 436
23,228
51 1 536
488010
23,526
507153
484 195
22,958
504 396
481 821
22,575
502 265
479 724
22,541
504 547
481 961
22,586
501 517
478738
22,779
500 481
476 853
23,628
499 574
475 894
23,680
103
496 093 '491
r
905
472711 467
23,382 r 23, 198
521,811
505 631
516,334
518,240
513107
510,737
508,436
505,631
504,851
500,341
497,263
496,285
493,502
499,828
24,176
9918
10,974
25,603
57185
43,612
275 248
238 202
482,208
21 784
8738
10,072
24,469
53398
42,307
269 367
234 666
493,992
22,103
9171
9,953
25,065
54906
43,166
275996
240,133
495,601
22,727
9751
9,968
25,082
54764
42,561
277 400
240,739
490 171
22643
9696
10,006
24,945
55293
42,141
272176
235 798
487,627
22394
9709
9,773
24,742
54626
42,077
270 597
234,578
485,156
22261
9376
10,031
24,544
53934
41,937
270517
235 285
482,208
21 784
8738
10,072
24,469
53398
42,307
269 367
234,666
481,521
21 052
8096
10,011
24,692
53651
42,600
268131
233 529
477,280
21 202
8083
10,307
24,658
53569
42,360
264627
230162
473,964
20,886
8030
10,056
24,433
53321
41,849
263 201
229,522
472,874
20835
8023
10,047
23,891
52846
41,835
263 697
229,303
21983
23423
22342
22639
22936
23110
23280
23423
23330
23061
23299
23411
9150
1 257
223,822
1 519
13,375
10076
1 244
214,466
1 689
14,004
8871
1 338
219,808
1 547
14,210
9,185
1 324
218,321
1 582
14,244
9506
1 315
216,762
1 811
14,277
9699
1 372
215,486
1 793
14,229
9,799
1 308
216,827
1 748
13,978
10,076
1 244
214,466
1 689
14,004
9,850
1 288
214,121
1 701
14,128
9,687
1 276
212,879
1 715
14,043
9,274
1 260
212,773
1,676
13,961
124677
123368
124998
126021
125608
124305
124367
123368
123158
122765
5261
393,439
242 409
151 030
5691
377,920
235 027
142893
5028
389,796
241 384
148412
5213
390,685
240 278
150407
5336
384,678
238113
146565
5475
382,422
236 057
146365
5479
380,218
237 480
142738
5,691
377,920
235 027
142893
5483
377,671
234 952
142719
5455
373,592
233 485
140107
643022
628 567
52949
52,843
51 838
53,222
47840
52,284
54000
53,892
46419
54,165
52951
52,898
59940
57,469
52917
55,065
60432
16063
8072
5090
12 826
4376
64 044 1
67673
29052
68297
77160
24148
750
87113
22644
11 783
6915
16953
6075
87,750 6
47 421 7
38936
11 1033
69843
39100
7,627
1 923
1 052
595
1 422
507
4,734.1
1 2278
350.5
525.2
259.5
359.6
7,422
2021
974
628
1424
527
3,202.0
6328
3939
346.7
281 6
308.0
8,485
6,833
2255
1 747
1,137
879
669
542
1 652
1 389
632
522
5,963.0 10,126.2
8683
5865
200.4
1991
404.7 1,252.2
370.6
8855
312.7
178.9
7,167
1867
1,044
562
1 357
552
5,260.1
1 1488
229.2
297.0
227.7
777.1
6,546
1 707
864
545
1 282
436
6,659.9
23729
280.9
331.5
687.0
545.0
8,550
2215
1 108
729
1 723
685
8,445.7
26607
219.0
620.9
1 5908
552.8
626
521
565
469
368
390
771
1,570
735
844
935
271
630
532
682
436
377
400
766
1,530
732
826
941
263
r
490,792
485 850
462 357
23,493
484,291
r
,671 461 ,237
470,338 467
20 729 r r20,943
21 015
8006
8127
8079
r
9,958
10,116
9,873
r
23,074
23,492
23,291
919 51 549
52 302 '51
41,916
41,759 r r 41 ,943
262 6?7 261,183 255 557
228,277 r 227,1 60 222,456
r
23 121
23054
9,437
1 266
211,722
1727
14,048
r
9,608
9,286
M253
1 259
212,185 '210,500
r
1741
1,725
14,007 '13,991
9,685
1 264
207,299
1.699
13,974
121 734
121 843
120604
5,139
372,241
233,698
138543
5,314
370,961
232,703
138258
5201
368,841
232,569
136272
23 164
r
119 762
119217
r
5.224
5,193
r
366,074 359,344
r
230,692
226,861
r
135 382 132483
BUSINESS INCORPORATIONS @
[Number]
New incorporations (50 States and DC):
Unadjusted
Seasonally adjusted
r
r
62 282
57,403
58111
54,462
8,059
2201
1 043
654
1 628
613
6,839.2
1 3836
169.8
534.1
2,444.6
230.5
9,102
2507
1,179
728
1 832
617
6,325.7
1 0261
385.6
669.6
515.5
262.9
7,741
8,437
8,643
2,257
2473
2196
1,157
1,057
1,110
570
648
626
1,635
1 430
1 683
567
491
565
7,881.2 12,020.2 13,932.0
6296 2551 7 1,0576
197.9
190.3
2,756.9
180.4
520.9
1,938.3
635.9
483.3
799.6
125.4
95.2 4,499.7
649
552
826
419
388
424
778
1,521
750
789
997
254
653
565
972
421
389
417
754
1,700
745
764
998
254
INDUSTRIAL AND COMMERCIAL FAILURES @
[For failures, number; for liabilities, millions of dollars]
Failures total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities (current) total . .
....
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Failure annual rate number per 1 0 000 concerns
2. COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS f
[1910-14=100]
Prices received all farm products
Crops #
Commercial vegetables
Cotton
Feed grains and hay
Food a rains
Fruit
Tobacco
Livestock and products #
Dairy products
Meat animals
Poultry and eaas
....
Prices paid:
Production items
All commodities and services, interest, taxes, and
wacie rates (parity index)
Parity ratio §
667
576
562
565
368
304
1,266
1,448
762
752
1,015
284
672
593
580
547
367
324
1,434
1,552
754
783
991
280
651
544
579
529
363
351
1,007
1,548
762
826
997
274
636
538
764
514
365
370
802
1,582
737
844
940
270
681
548
707
548
388
338
694
1483
820
837
1 088
298
666
561
677
553
371
316
992
1 559
776
747
1 047
282
678
582
610
560
357
291
1,282
1,422
779
722
1,061
286
988
1 003
999
1 265
54
1 299
51
1 298
52
51
52
1,298
50
49
129.0
130.7
134.3
136.2
134.3
136.2
134.6
136.6
135.2
137.2
135.4
137.4
1282
130.3
128.8
133.5
136.1
133.8
133.3
136.1
133.8
133.7
136.7
134.2
134.5
137.4
134.8
134.6
137.7
134.9
644
546
729
439
391
408
780
1,409
747
764
1,002
253
643
533
613
441
393
407
753
1,409
758
789
1,011
257
640
528
600
480
390
382
718
1,409
757
807
1,000
259
'630
'506
'681
'467
'369
'354
'566
'1,348
'760
820
'996
267
628
495
775
464
346
327
561
1,392
767
826
1,004
272
993
1 005
1,010
48
1 303
48
1 314
49
1,321
48
135.8
137.8
135.9
137.9
136.0
138.1
136.4
138.6
137.0
139.3
137.3
139.5
137.6
139.7
138.1
140.2
138.4
140.5
138.8
140.9
135.0
138.0
135.2
135.0
138.1
135.3
135.1
138.3
135.5
135.5
138.8
135.9
136.2
139.5
136.5
136.6
139.7
136.7
136.9
140.1
136.9
137.2
140.7
137.4
137.3
141.1
137.6
137.7
141.4
138.0
998
CONSUMER PRICES
[1982-64=100]
Not seasonally adjusted:
All items, wage earners and clerical workers (CPIAll items all urban consumers (CPI-U)
Special group indexes:
All items less shelter
All items less food
All items less medical care
See footnotes at end of tables.
SURVEY OF CURRENT BUSINESS
S-6 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
|
1992
1991
Annual
1990
1991
July
Aug. |
Sept.
Oct. |
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
1276
1288
1324
1268
1182
1235
1508
129 1
138 1
1374
June |
July
Aug.
2. COMMODITY PRICES-Continued
CONSUMER PRICES-Continued
[1982-84=100, unless otherwise indicated]
Not seasonally adjusted-Continued
All items (CPI-U)-Continued
Commodities
Nondurables
Nondurables less food
Durables
Commodities less food .
Services
Food#
Food at home
Housing
Shelter*
Rent, residential
Homeowners' cost, Dec. 1982=100
Fuel and other utilities #
Fuel oil and other household fuel
commodities
Gas (piped) and electricity
Household furnishings and operation
Apparel and upkeep
Transportation
Private
..
New cars
Used cars
....
Public
Medical care
Seasonally adjusted
All items, percent change from previous month or
year
Commodities
....
Commodities less food
Food
....
Food at home
Apparel and upkeep
Transportation
Private
New cars
;
Services
1228
1260
119.9
1134
1174
139.2
1324
1323
1285
1400
138.4
144.6
111 6
993
1093
113.3
1241
1266
1303
1245
1160
1262
1296
123.0
1264
1301
1243
1159
121 3
1163
1205
1463
146.8
121 1
147.3
1363
1358
1365
1360
1360
1349
1336
1463
1342
1468
1345
1473
143.3
150.2
143.7
150.2
143.7
150.7
1153
1164
1162
946
878
878
1275
1261
1163
1224
131 5
126.7
131 1
125.5
1170
1230
1172
1224
148.1
148.3
1360
1349
1358
1344
1362
1350
1347
1477
1347
1479
1347
1474
1446
151.6
144.6
152.1
1168
1157
889
909
1154
1147
1155
1129
116.3
116.2
116.4
131 3
116.4
1252
1276
123.8
121.0
123.4
121 7
124.9
1176
1426
1628
1181
1489
1770
1204
1467
'5.4
1278
131 0
116.0
1287
1188
1272
1259
1159
1221
1479
1126
123.8
121 9
125.3
120.5
127 1
131 0
M.2
177.5
.1
.4
1381
1375
1357
1492
1454
1361
1498
1366
1504
1365
1502
1367
1502
1350
1482
1292
1328
128.1
1185
1245
127.9
1185
1243
1530
145.2
153.0
116.0
153.2
145.6
153.5
146.2
154.2
146.3
154.4
1162
1159
1158
1158
1168
948
111 2
116.5
947
920
1124
1128
1120
1174
1176
1175
116.7
117.3
899
111 3
118.0
1130
116.3
905
111 5
117.7
117.9
118.4
118.3
1279
1245
1225
1302
1334
118.2
131 0
126.9
1292
1302
127.2
126.9
1254
1255
1254
127.8
124.8
127.6
1470
180.7
.2
91 5
898
1194
147.0
155.8
1194
897
124.1
124.4
1220
1222
1333
1252
1229
1331
1263
1243
128.2
128.2
128.4
1178
128.1
116.1
151 5
1507
151 6
1453
1483
1264
1467
181.8
182.6
1843
186.2
187.3
1179
1547
1881
1205
1498
1157
1535
128.2
123.1
1887
189.4
190.7
191.5
.4
127.6
.2
127.6
.5
128.5
.3
129.2
.1
129.3
.3
129.7
1224
1227
1234
1246
1249
1249
137.0
137.4
137.2
137.9
137.5
137.3
138.5
1359
1364
1273
1221
1368
1354
.3
127.8
1226
1360
1359
1356
1373
131 8
.1
1277
1292
1300
1303
131 1
1296
1300
123.6
121 9
125.7
124.2
124.2
124.0
124.5
124.8
1225
1226
1225
1229
1230
125.9
126.3
126.2
126.3
146.5
147.0
147.6
148.1
116.1
116.2
116.1
1366
1359
1328
1280
1184
1244
1509
145.0
152.6
115.3
1363
1353
121 7
131 1
124.9
146.4
154.1
1271
1221
1364
1352
1268
121 1
900
1375
1366
1271
1221
1365
1354
1265
901
1372
1364
128.0
1202
1449
1386
1523
1367
1355
127.6
120.1
1198
1466
1797
151 8
147.0
155.5
150.7
126.6
120.6
1200
1476
1789
151 1
146.6
155.0
119.0
150.1
1234
125.0
1380
1369
1383
1496
125.3
124.1
1372
1357
1377
148.8
1296
124.4
1374
1361
1176
1221
1234
1327
1240
1224
1374
1362
121 6
1329
1238
1221
1293
1330
151.7
1290
1325
1278
1186
1243
1525
1284
1321
1262
1179
1230
125.0
1220
.3
1272
1306
1242
1174
.2
.1
1370
1286
1236
1378
1367
1288
1241
1373
1358
131 9
1327
131 8
1323
1320
131 8
124.4
124.2
125.1
125.7
126.1
126.7
127.3
1224
1223
1230
1235
1242
1254
1258
1259
126.5
126.6
126.7
127.2
148.6
149.2
149.7
150.0
150.7
127.8
151.2
128.0
151.4
128.5
151.8
128.6
152.2
129.1
152.6
116.4
116.4
115.9
115.6
116.0
116.1
116.3
117.1
117.8
117.8
117.6
'98.8
101.0
101.5
101.3
100.9
113.8
122.4
r
120.7
'129.1
114.4
123.1
121.6
129.0
115.3
123.7
122.5
128.9
115.3
123.7
122.4
129.0
115.3
123.5
122.2
128.8
1243
124.2
113.1
120.5
124.1
116.9
116.8
104.6
122.9
118.0
125.7
124.3
113.0
120.5
124.2
116.7
115.8
102.6
122.4
124.2
112.7
120.3
124.1
116.4
115.3
127.2
PRODUCER PRICES §
[1982=100 unless otherwise indicated]
Not seasonally adjusted:
All commodities
By stage of processing:
Crude materials for further processing .„
Intermediate materials, supplies, and
components
Finished goods #
Finished consumer goods
Capital equipment
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
Farm products, processed foods and feeds
Farm products
Foods and feeds processed
Industrial commodities
Chemicals and allied products
Fuels and related prod., and power
Furniture and household durables
Hides, skins, and leather products
Lumber and wood products
Machinery and equipment
Metals and metal products
Nonmetallic mineral products
Pulp, paper, and allied products
Rubber and plastics products
Textile products and apparel
Transportation equipment #
Motor vehicles and equipment . ...
Seasonally adjusted:
Finished goods, percent change from previous
month or year
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, and
components
Finished goods #
Finished consumer goods
Foods
Finished goods exc foods
Durable
Nondurable
Capital equipment
....
116.3
116.5
108.9
101.2
99.5
99.1
98.0
99.9
99.7
97.7
96.9
98.6
97.9
1145
1144
1140
1142
1146
119.2
121.7
121.6
121.7
121.4
114.2
122.2
1182
1229
1205
1267
1204
1204
1202
1208
126.6
126.5
126.2
127.9
114.0
122.3
120.9
127.9
113.7
121.9
120.3
128.0
113.2
121.8
120.0
128.6
113.5
122.1
120.3
128.7
113.6
122.2
120.4
128.9
1212
1229
1227
1226
1225
1233
112.2
118.1
111.7
119.0
111.1
118.5
111.3
118.7
111.3
119.2
1207
1227
1226
1225
115.2
118.6
115.2
116.4
114.3
116.3
114.8
115.2
111.3
118.7
122.3
115.0
115.1
123.2
110.5
118.8
123.2
114.4
1057
1056
1029
1031
121.9
115.8
121.9
116.5
121.4
1236
82.2
1256
81.2
121.6
116.0
124.4
116.3
124.5
121.1
116.3
124.5
124.9
116.1
125.0
123.6
109.8
118.7
123.6
113.8
115.2
102.8
121.3
115.7
124.6
123.9
110.3
119.1
123.8
114.3
116.3
105.5
121.7
116.0
124.5
124.2
110.1
119.2
124.1
114.3
116.7
1122
115.0
115.1
101 5
121.9
116.7
124.9
123.2
111.3
119.2
123.2
115.2
114.8
101.6
121.4
116.7
80.1
81.3
81.4
81.3
81.2
79.1
76.3
76.8
75.8
119.1
141.7
121.2
138.9
1297
1207
1230
1320
1230
1203
121.2
138.3
136.9
121.2
138.1
133.3
121.2
136.6
133.4
121.4
136.3
133.2
1230
1196
1230
1230
1149
1215
1163
1264
118.2
122.1
119.5
117.1
142.2
114.7
116.5
126.0
120.6
119.5
117.2
142.3
114.6
116.6
125.2
119.2
1230
1193
117.2
143.0
115.2
121.5
137.6
134.6
123.2
118.7
117.1
142.7
114.7
116.9
129.0
124.9
121.8
138.6
137.6
123.3
114.7
141.3
113.6
121.4
137.1
133.4
123.1
118.9
117.2
142.8
114.6
116.8
128.9
125.4
121.8
139.0
142.9
123.5
118.9
117.1
144.2
114.3
117.6
129.7
124.6
121.9
139.8
145.7
123.6
119.4
117.3
144.4
114.3
117.7
130.0
124.9
1A Q
117.2
142.3
114.8
116.3
125.7
120.5
1233
117.4
142.6
114.7
116.7
129.1
125.8
114.5
100.6
121.4
1182
117.2
144.1
114.7
117.4
129.8
124.8
1064
121.8
115.9
124.4
r
r
124.3
110.6
119.7
'124.2
'115.1
115.8
r
103.2
r
122.0
'116.4
r
r
124.8
'77.1
122.0
139.9
r
147.5
r
1234
'119.6
116.9
r
144.9
'114.6
'117.8
'130.2
'124.8
111.9
120.2
124.2
116.1
116.8
105.6
122.4
117.2
125.2
118.1
126.5
1021
121.9
118.1
126.9
79.6
82.8
82.8
82.8
122.1
140.8
147.1
122.1
140.9
145.8
122.3
139.9
145.1
122.1
140.7
144.9
1234
1195
1233
1231
1200
1231
1202
117.1
145.2
115.3
118.0
129.9
124.4
117.3
145.3
115.3
117.1
145.0
114.8
117.7
130.0
124.6
119.5
117.0
145.2
115.1
117.9
129.7
124.2
1181
129.6
123.9
0
101
99.3
99.1
98.4
100.5
100.4
98.3
97.3
99.0
97.3
'98.3
99.8
101.1
101.1
101.0
1138
1141
1143
1140
121.5
121.8
122.1
113.9
122.1
113.2
121.9
113.7
122.2
113.8
122.4
1202
1234
1204
1233
1208
1233
1207
1202
1206
1208
117.7
123.5
118.3
123.8
119.0
124.3
119.6
124.4
122.5
119.0
125.4
1149
1153
1161
126.8
126.9
127.1
127.3
123.7
119.2
125.2
115.2
128.4
123.1
119.6
125.8
115.6
128.8
115.2
123.4
121 9
122.6
121.4
125.9
1140
123.0
119.5
124.7
115.8
127.7
115.2
123.3
121.9
122.6
121.2
125.6
118.1
129.1
1152'
123.5
1198
1240
114.0
'122.8
'121 1
'122.7
'120.2
'125.9
'116.4
'129.1
1144
121.2
114.0
122.2
120.9
123.1
119.8
124.6
116.2
127.5
129.3
123.4
120.9
126.2
117.7
129.4
.822
.822
.824
.818
.818
.820
.819
.818
.810
729
728
726
725
722
718
.812
.716
.808
732
'.817
717
.808
734
713
712
710
1149
128.3
123.0
121 4
122.3
120.7
125.7
117.3
129.2
118.
1220
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices 1982-$1 00
Consumer prices 1982-64-$1 00
See footnotes at end of tables.
839
766
822
734
.82
724
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
1991
Annual
1990 |
September 1992 •
1991
July |
Aug. |
Sept. |
S-7
1992
Oct. |
Nov. |
Dec.
Jan. |
Feb. |
Mar. |
Apr. |
May |
June |
July |
Aug.
3. CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE $
[Millions of dollars]
New construction (unadjusted) total ..
Private total #
Residential
New housing units
Nonresidential buildings, except farm and public
utilities total #
Industrial
Commercial
Public utilities:
Telecommunications
Public, total # ..
Buildings (excl military) #
Housing and redevelopment
Industrial
Military facilities
Highways and streets
[Billions of dollars]
New construction (seasonally adjusted at annual
rates) total
Private, total #
Residential
New housing units
Nonresidential buildings, except farm and public
utilities, total #
Industrial
Commercial
Public utilities:
Telecommunications
Public total #
Buildings (excl military) #
Housing and redevelopment
Industrial .. .
Military facilities
Highways and streets
8195
30723
22626
12424
9,299
7220
1 924
3305
6328
1 568
2986
6616
1627
3145
7182
7071
7127
1,886
1,744
3268
1,768
3286
702
671
7390
3946
290
146
184
1,353
781
8,097
297
162
212
1,478
883
9047
4375
290
145
194
2,062
10321
4709
266
147
222
2,869
39109
27524
15870
11 042
38124
26816
15405
11 021
37490
26593
15289
10823
34250
24834
14240
10358
30303
22143
11 965
27540
20155
10971
8718
97841
22280
48480
8173
8524
1 876
4374
8327
1 829
4237
8149
4182
7442
1 813
3546
8816
740
10495
4703
308
170
123
3,218
822
11 584
5025
286
196
138
3809
11 308
4788
313
237
223
3,444
793
10897
4536
322
133
95
3,509
4060
2936
1144
95.4
21 3
480
400 956
117971
23848
62862
9565
107912
46208
3498
1 433
2'665
31*155
110249
50475
3496
1 823
1 837
29,918
290 706
157835
110592
1 757
3970
2877
8160
4 185
310
135
149
2456
3937
277
135
219
1,865
632
7384
3823
285
137
170
1,395
401 2
2883
3987
287.4
4071
411 8
421 5
4231
291 7
2925
2948
301.1
3055
1642
1171
1647
1175
1645
1180
1641
1183
1695
1220
1698
1233
1727
125.9
1789
1289
94.3
93.7
91.2
87.5
87.3
207
467
21 1'
21 6
21 3
21 7
44.3
41.6
87.8
22.4
40.9
85.5
21 4
41.2
41.6
90.6
23.7
42.1
87.3
21.3
40.7
4048
47.2
86
89
113 1
1093
3301
33624
24577
14291
10251
9416
291 8
161 5
1570
1100
1 897
3968
514
37
20
15
52.4
29.5
31.3
34
23
17
730
85
1124
520
38
2.8
27
29.4
4061
85
1144
53.7
39
1.6
11
30.1
798
89
1129
51.2
37
1.6
18
29.6
r
27339
19948
10480
7826
36863
26368
15196
10,482
442066
334154
182 856
127987
83
111 4
50.9
33
1.6
26
29.6
96
1146
52.3
-34
1.6
20
30.2
96
1170
53.0
35
1.8
22
32.7
4167
9.5
120.4
55.4
36
1.9
25
30.9
107
1176
53.0
35
1.7
23
31.4
36512
r
26 190
r
15881
"10,919
"739
"38733
"28 028
"17102
"11,720
39216
28160
17479
12,065
"7,663
"1,767
"3710
7318
775
"10,705
"4588
1,684
3469
11,056
4714
160
209
"3,320
245
147
188
3,416
"4260
"305.3
"181 8
"1281
"424.4
"309.6
"182.7
"128.6
422.0
305.4
180.6
126.7
"85.6
"88.9
"20.4
"43.2
85.3
20.5
39.6
8.7
"114.8
"51.9
116.5
21.0
39.6
"88
"1208
"56.1
32
1.8
27
"32.6
"279
"3.3
1.9
2.5
"31.4
52.0
2.9
1.8
2.3
32.2
CONSTRUCTION CONTRACTS
[Millions of dollars, unless otherwise indicated]
Construction contracts (F.W. Dodge Division,
McGraw-Hill):
Valuation total
Index (mo. data seas, adj.), 1987=100 §§
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning (Engineering NewsRecord) §
245 396
'95
221 230
'89
r
15083
83
4,240
10843
16277
98
5,880
10397
16077
5,303
10775
5,608
11 429
20510
98
7,003
13,507
21 746
"97
6,417
15,329
19787
89
6,101
13,686
23,409
"92
7,492
15,917
21 ,678
"90
7,074
14,603
20,170
90
6,037
14,133
7,322
14 273
6,498
12913
22738
98
7,736
15002
"8,385
r
8,702
"4507
6,218
8,941
4252
8,337
9,984
4,417
5,103
7,427
2,552
5,819
6,670
3,788
5,635
6,891
3,551
5,649
7,258
4,130
5,952
9,673
4,885
6,833
10,018
4,895
5,893
9,481
4,413
8,042
10,729
4,638
7,073
9,874
4,731
6,662
9,167
4,341
1035
87.4
947
866
101.8
71.6
58.4
78.8
69.2
90.9
93.5
115.2
100.2
"117.8
"102.7
"108.9
"95.4
111.1
80.9
65.6
56.3
107.6
73.7
75.6
62.6
111.6
78.7
1 053
881
1 053
881
1 020
864
1,085
887
1,085
907
1,118
972
1,180
989
1,257
1,109
1,340
1,068
1,086
933
1,196
1,019
"1,147
"1,120
"999
"972
1,237
1,055
971
782
940
764
974
782
994
788
979
792
1,073
873
1,106
913
1,146
946
1,094
907
1,058
873
1,054
879
1,032
872
"1,080
14.7
17.4
15.1
16.9
13.1
10.9
13.4
13.5
16.1
17.6
17.0
18.2
18.0
175
178
172
172
171
176
192
197
197
199
189
194
211
111.7
111.7
111.7
1123
1124
1123
111.3
111.8
110.9
111.4
110.7
111.3
110.1
110.6
110.5
110.6
110.9
110.9
111.2
111.4
111.3
111.5
"111.9
112.2
112.4
112.7
21 795
90
72,090
173307
74,422
146806
6,910
14885
90240
105,509
49645
76,898
96,353
47978
7,664
9,448
4,682
1 0145
841.2
21 595
92
r
r
19411
89
'96.
17038
"102
213389
HOUSING STARTS AND PERMITS
[Thousands]
New housing units started:
Unadjusted:
Total (private and public)
Privately owned
One-family structures
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
New private housing units authorized by building
permits (17,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
One-family structures
Manufacturers' shipments of mobile homes:
Unadjusted
.
Seasonally adjusted at annual rates
1 1927
894.8
1 111
798
955
754
188.3
170.9
94.2
1,063
871
"879
CONSTRUCTION COST INDEXES
Bureau of the Census, 1987=100:
Composite fixed-weighted price index *
Implicit price deflator *
Boeckh indexes, 1987=100:
Average, 20 cities:
Apartments hotels office buildings
Commercial and factory buildings
Residences
Engineering News-Record, 1967=100:
Building
..
Construction
Federal Highway Adm.— Highway construction,
1987=100:
Comoosite (ava. for vear or atr.)
See footnotes at end of tables.
110.3
111 2
111.2
111 8
1087
1106
1120
1142
1122
1144
109.7
113.0
113.3
400.0
4405
407.2
408.1
451.9
108.5
107.5
4501
113.0
115.7
114.3
1129
115.6
114.3
413.3
455.4
412.3
455.3
107.0
412.3
455.4
413.2
455.8
114.1
116.6
115.4
113.9
116.4
115.1
412.1
455.1
100.4
412.0
455.1
410.8
454.7
414.4
458.6
102.9
117.4
117.7
116.9
115.8
117.1
116.1
415.9
460.5
418.6
462.2
420.0
462.9
110.4
421.1
464.7
2
2
422.4
468.5
SURVEY OF CURRENT BUSINESS
S-8 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
1992
1991
1991
July
Sept.
Aug.
Oct.
Nov.
Dec.
Mar.
Feb.
Jan.
|
May
Apr.
June
July
Aug.
3. CONSTRUCTION AND REAL ESTATE-Continued
REAL ESTATE 0
[Thousands of units]
Mortgage applications for new home construction:
FHA applications
Seasonally adjusted annual rates
Requests for VA appraisals
Seasonally adjusted annual rates
[Millions of dollars] .
Home mortgages insured or guaranteed by:
Fed Hous. Adm • Face amount .
Vet. Adm.: Face amount §
Federal Home Loan Banks, outstanding advances to
member institutions, end of period
New mortgage loans of SAIF-insured institutions,
estimated total @
By purpose of loan:
Home construction
..
Home purchase
All other purposes
51 863 74
15,78710
71
83
81
120
46 990 04
4 444 38
1311.15
4 828 99
1 589.33
4 072 77
1 ,529 80
79065
91 525
90142
83946
980
117096
2
152 230
2
16182
2
127 272
2
8 776
71
92
74
89
67
74
1154
2
101
117
143 674
12739
12239
10591
2
1 283
10967
1 230
10552
1 027
494
456
12 261
2
125 594
2
5819
9051
513
87
111
66
102
65
98
72
97
75
98
101
101
94
99
79
86
7.7
83
8.8
101
7.5
94
3 696 55
341986
3 226 30
3 549 48
322296
3 559 84
3 620 34
391067
4 603 26
4 797 76
4 588 95
80143
78784
75085
75834
76008
76409
76860
76194
77 078
19 609
16383
16330
'1 348
r
17796
r
463
1 314
14641
1 370
14383
428
576
r
79065
r
12403
M2129
1 077
10883
880
914
10879
13601
412
365
582
15098
r
r
13605
15975
781
826
12428
14768
397
382
76275
r
21 909
1 138
20230
'539
r
4. DOMESTIC TRADE
ADVERTISING
[Millions of dollars]
Magazine advertising (Leading National Advertisers):
Cost total
Apparel and accessories
Automotive incl accessories
Building materials
Drugs and toiletries
Foods soft drinks confectionery
Beer wine liquors
Houshold equipment supplies furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
All other
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total
Classified
National
Retail
32280
11 506
r
7412
2660
8,555
933
967
958
3,819
4,507
3,441
6,662
2264
7,756
2594
1,085
4,077
16652
10567
3928
15914
1 790 448
890 261
900 187
1 741 614
846 466
895148
147029
71 025
76004
148825
72743
76082
145493
72847
72646
158596
78833
79763
142820
69291
73529
142864
68332
74532
140505
66410
74095
134,652
65541
69,111
152,557
75970
76587
148,832
73653
75179
143,843
70058
73785
197554
129 004
68550
199710
128799
70911
193611
129845
63766
190971
128342
62629
191 380
126800
64580
196967
126706
70,261
197793
127 168
70,625
199710
128799
70,911
201 522
129 586
71 936
201 586
130353
71,233
200 370
129789
70,581
199736
130757
68,979
196558
130578
65,980
1 825 507
1 842 739
156,635
161,895
148,509
153,920
157,276
182,744
140,023
141,517
153,026
157,279
163,840
660,779
652,951
58,068
57,510
54,281
54,900
52,399
58,856
49,461
51,137
56,646
58,882
60,655
95,132
385136
91,937
96,076
378 025
88,927
9,126
34626
7,454
8,884
33516
7,586
8,301
32086
7,062
8,592
31,991
7,328
7,599
28,994
7,852
7,268
28,151
9,798
6,629
29374
7,010
6,802
30,847
6,924
8,069
34,527
7,325
9,197
35,455
7,206
10,032
35,741
7,319
1,164,728
212,287
371,580
130200
94,455
186,162
69169
21 618
1,189,788
217,532
380,927
126462
95,308
194,005
75668
22336
98,567
16,153
32,890
11,133
7,332
17,220
104,385
18,583
33,432
11,403
8,904
17,881
6300
94,228
16,187
30,600
10,406
7,496
15,861
5947
1,733
99,020
17,780
31,478
10,685
7,789
16,362
6,309
1,797
104,877
22,376
31,978
10,371
8,903
15,842
6,285
1,922
123,888
32,919
33,428
10,300
12,599
16,239
8204
2,325
90,562
13,658
31,112
9545
5,987
15,380
96,380
16,901
31,174
9,758
7,397
16,581
6384
1,741
98,397
17,701
31,717
9,911
8,249
16,272
6530
1,802
103,185
18,830
33,262
10,791
8,284
17,323
6439
2,015
4122
3081
WHOLESALE TRADE t
[Millions of dollars]
Merchant wholesalers sales (unadj ) total
Durable goods establishments
Nondurable goods establishments
Merchant wholesalers inventories, book value (nonLIFO basis) end of period (unadj ) total
Durable goods establishments
Nondurable goods establishments
r
152,943
77 488
75,455
150,235
73713
76,522
198 246
198 129
131 351
66,778
r
r
r
r
131 019
' 67,227
RETAIL TRADE ?
[Millions of dollars]
All retail stores:
Estimated sales (unadj ) total
..
Durable goods stores #
Building materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furnishings, and equipment ...
Nondurable goods stores
General merch. group stores
Food stores
Gasoline service stations
Apparel and accessory stores
Eating and drinking places
Drug and proprietary stores
Liquor stores
Estimated sales (seas adj ) total
Durable goods stores #
Bldg. materials, hardware, garden supply, and
mobile home dealers*
Building materials and supply stores
Hardware stores
Automotive dealers
Motor vehicle and miscellaneous auto
dealers
Auto and home supply stores
Furniture home furnishings and equipment #
Furniture, home furnishings stores
Household aooliance. radio, and TV stores
See footnotes at end of tables.
1,668
90,380
15,005
29,993
9,128
6,359
15,535
6238
1,704
154797
153819
154,330
154,569
154,092
154280
157808
159,753
157,873
158385
159,111
54,830
54,080
55,223
55,450
54,722
55,406
56,919
57,961
57,122
57,442
57,643
8,160
6,104
7,988
6,058
1,002
8,100
6,127
8,040
6,143
8,174
6,238
987
977
7,905
5,957
1,005
965
8,497
6,390
1 050
8,757
6,563
1,053
8,692
6,479
1,062
8,722
6,467
1,052
8,721
6,452
1,081
31 569
31 049
32115
32,521
32,060
32422
33163
33,938
33058
33280
33404
28841
2,728
28372
2,677
29,419
2,696
29,859
2,662
29,491
2,569
29,798
2,624
30,494
2,669
31 ,245
2,693
30,373
2,685
30,635
2,645
30,774
2,630
6133
1975
991
7577
3,995
2,750
2014
7474
3,968
2,689
7425
3,946
2,661
7333
3,916
2,620
7295
3,914
2,566
7446
4,005
2,629
6312
7628
4,029
2,760
7,660
4,096
2,724
7677
4,074
2,754
7,609
4,073
2,712
7,549
4,101
2,642
r
162,722 '164,020
r
'61,837
58,819
r
'9,635
'36,831
'7,844
9,009
34,432
7,632
' 99,789 '102,183
r
17,681 '17,489
r
32,477
'34,132
r
10,961
'11,276
r
7,940
'7,885
r
16,603 '17,115
r
6,291
'6,361
r
1,989
2,101
104,208
19,405
33,364
11,062
9,036
16,978
6,380
158,982 '160,582
159.7P8
9,979
r
37,729
'7,597
r
163,0517
62,933
r
57,686
'58,190
57,279
8,574
'"6,337
r
1,065
'8,608
6,416
1,078
8.373
r
33,41 6
'33,601
33,217
r
30,770
'2,646
'30,927
'2,674
30,547
2,670
'7,879
4.263
2.795
7,670
r
r
7,683
4,205
'2,668
r
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1990
September 1992 •
1991
Annual
1991
July
Aug.
Sept. |
S-9
1992
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
4. DOMESTIC TRADE-Continued
RETAIL TRADE ?-Continued
[Millions of dollars— Continued]
All retail stores—Continued
Estimated sales (seas, adj.)—Continued
Nondurable goods stores
General merch. group stores
Department stores excluding leased
departments
Variety stores
Food stores
Grocery stores
Gasoline service stations
Apparel and accessory stores #
Men's and boys' clothing and furnishings
stores
Women's clothing, specialty stores, and
furriers
Shoe stores
Eating and drinking places ...
Drug and proprietary stores
Liquor stores
Estimated inventories, end of period:
Book value (non-LIFO basis), (unadjusted), total
Durable goods stores #
Bldg. materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture home furnishings and equipment
Nondurable goods stores #
General merch. group stores
Department stores excluding leased
departments
Food stores
Apparel and accessory stores
Book value (non-LIFO basis), (seas, adj.), total ..
Durable goods stores #
Bldg. materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furn., and equipment
Nondurable goods stores #
General merch group stores
Department stores excluding leased
departments
Food stores
Apparel and accessory stores
Firms with 1 1 or more stores:
Estimated sales (unadj ) total
Durable goods stores
Auto and home supply stores
Nondurable goods stores #
General merchandise group stores
Food stores
Grocery stores
Apparel and accessory stores
Eating places
Drug stores and proprietary stores
Estimated sales (sea adj ) total
Auto and home supply stores
Department stores excluding leased departments
Variety stores ....
.
Grocery stores
Apparel and accessory stores
Women's clothing, specialty stores, and
furriers
Shoe stores
Drug stores and proprietary stores
99739
18355
99 107
99 119
98874
17820
100751
19030
101 468
19328
101 792
19731
1 00 943
18252
99370
18327
1 00 889
18325
18947
19053
14476
612
31858
29835
10493
14449
14441
604
14447
14644
15304
15606
15050
14977
603
624
636
574
586
15180
572
r
587
14173
594
31,685
29675
10558
31 805
31 818
31956
29955
10208
32049
30064
31920
29953
10165
10210
31823
29830
10229
10249
31968
29872
10497
r
29816
10264
31835
29860
32139
29808
10303
8108
8062
7952
7837
7869
7811
8057
8277
8137
8199
700
714
726
701
709
689
729
736
729
717
2847
1489
16169
6342
1 885
2804
2782
2766
2753
2678
2726
2826
2992
1 446
1423
1407
1 418
1 450
1498
2817
1436
2884
1493
1 454
1482
16297
6392
16366
6374
16741
16736
6435
1 900
1 859
1 874
1 875
1 716
6461
1 851
16904
6525
16420
6344
15973
6340
257,915
238,823
118480
16000
16051
61 839
18634
607
16315
10413
16715
30 079
8318
'8445
'8577
8492
730
'729
727
6528
1 909
1 933
6491
1 993
233,603
114791
237,187
117065
242,743
120382
247,356
123472
245,350
123,570
16204
60,535
16500
17144
63003
17007
62062
17796
63149
17064
18372
64610
17336
18288
64279
16241
240,046
113915
254,023
119284
15521
65936
16907
115685
39,873
16051
63003
17007
120343
42,472
16049
57023
16625
119140
43,081
16034
55031
16672
15952
56413
17465
15874
59912
18534
121 713
126131
47120
134739
51 ,863
136222
52,356
120343
42,472
118812
42,391
120122
42,847
122361
44,807
123884
46,081
121 780
44,261
30,044
25509
17902
240,217
119331
32,975
26341
17678
243,162
117,454
32,696
25286
19154
235,650
114364
33,611
25109
20024
35982
25333
20698
39,968
26423
40,611
26991
21 398
21 486
32,975
26341
17678
33,023
25781
17358
33486
25496
18624
35,090
25571
19096
35,915
25861
19450
236,523
115,121
238,842
116582
240,746
117293
240,879
116,873
243,162
117454
240,986
115918
241 ,938
244,288
119827
247,992
122884
16,134
63308
17,061
120886
43529
16,668
60454
17,196
125,708
46311
16,033
58583
17,104
121 286
44274
16,180
59470
16,840
16,244
60189
17,123
16,348
60991
17,177
16,529
60555
17,190
16,668
60454
17,196
16,740
59605
16,958
17,127
60456
16,848
17,161
61 898
17,341
17,682
63805
17,600
121,402
44379
122,260
44774
123,453
45206
124,006
45223
125,708
125,068
46263
124679
45287
124,461
45626
125,108
46431
32763
25212
19716
35920
26009
19491
33847
25575
19116
34019
25581
34499
25616
19290
34907
25736
19,191
34829
25917
19,339
35920
26009
19107
19491
35934
25832
19,503
35286
25921
19604
35588
25785
19,566
35951
26075
19,646
723088
92788
9,894
749 487
98985
10,570
650 502
206 830
226010
??? D37
59434
44,819
45898
60338
8476
976
51 862
15137
19171
18872
4442
3,892
3673
63 143
893
14297
64803
58493
62000
68774
88421
55494
55993
60895
62947
8501
979
7879
8697
12545
7303
8460
896
848
800
7168
791
8074
894
8130
969
878
934
56302
17608
19,608
19308
5570
4,026
50614
15273
17,951
17672
4625
53870
16840
18,763
18463
4868
60077
48191
3,711
3612
3,818
3,801
3,730
3849
48825
14352
18,102
17750
3843
3,596
3,812
3,814
52821
16,125
18,700
18367
4656
3,902
3,878
54487
12,891
18,908
18599
3560
3,589
3,819
75876
32034
20,171
19598
8349
3,697
5,424
62923
62926
62715
62974
62392
64846
65241
64615
65168
894
900
693
891
877
943
955
919
14,215
14200
14200
14423
13968
15,058
15375
14,783
384
18512
380
18661
373
385
370
400
406
366
920
14812
391
18630
5007
18665
4906
18625
18628
18826
4955
18574
4978
18636
4953
5134
5184
5145
5156
1 740
953
3912
1 672
906
1 777
973
1 783
958
4,014
'1 832
3,979
1 784
1 000
4019
1 792
944
3936
4046
r
389
18538
5040
1 733
974
1 683
981
1 730
945
1 722
944
3858
3877
3892
3,927
5814
2,945
1507
15, 843
'15906
6459
'6531
1 982
r
'1 985
'244,547
r
123,1 82
'17826
63,950
'17427
r
r
2922
'1492
121 365
44,300
34,728
26075
r
34 ,358
19199
r
'26150
17554
61 ,243
17428
124682
46,056
35,691
26138
20011
247,349 '248,813
122694 r 123,1 98
250,230
123,328
r
17,290
r
63 545
r
17,819
17,536
63120
17,912
124,655 M25.615
r
46 790
46150
126,902
47362
17,450
63409
17,716
35876
26104
19,631
r
r
r
36 358
26 243
19,560
66012
63367
'9123
'969
9141
997
56 889
54226
16,848
18,802
18482
4968
3,952
3,874
r
r
r
17,935
19,660
M9326
r
5172
r
4,196
r
3,989
r
65 531
'922
r
14,930
r
392
'18709
'5228
15,720
6564
245,395
120,713
18 778
18,932
18562
3,943
4,034
r
r
44,509
16841
5215
r
17415
r
15602
555
32,903
30716
10358
232,330
110617
19256
18928
'32389
19649
'10568
231,209
112069
21 500
32,200
15415
30 075 '30248
1 930
46311
r
10539
16403
6537
117259
15 076
'568
1 02 449
r
238,823
118480
121 693
101 296 r 1 02 392
r
r
19 602
19025
r
236,192
120507
630 300
202 541
216546
212922
56594
44,863
41 642
r
99967
18417
36871
26438
19,872
65353
920
14,764
393
18688
5308
r
972
4,046
1 826
978
4,015
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
[Thousands, unless otherwise indicated]
Not seasonally adjusted:
Noninstitutional population, persons 16 years of
age and over
Labor force @
Resident Armed Forces
Civilian noninstitutional population
Civilian labor force, total
Employed
Unemployed
189686
126424
1,637
191 329
126867
1,564
191 443
128,931
1,604
191,589
127,713
1,616
191,746
127,029
1,624
191,903
127,182
1,614
192,057
127,001
1,605
192,209
126,712
1,604
192,358
126,671
1,599
192,469
126,971
1,585
192,607
127,382
1,585
192,745
127,455
1,577
192,881
128,279
1,574
193,025
130,572
1,570
193,190
131,168
1,568
193,356
130,039
1,566
188,049
124,787
117914
6874
189,765
125,303
116877
8,426
189,839
127,327
118751
8,576
189,973
126,097
117,859
8,237
190,122
125,405
117,335
8,070
190,289
125,568
117,555
8,013
190,452
125,396
117,110
8,286
190,605
125,108
116,549
8,559
190,759
125,072
115,122
9,949
190,884
125,386
115,224
10,161
191,022
125,797
116,106
9,691
191,168
125,878
116,933
8,945
191,307
126,705
117,535
9,169
191,455
129,002
118,907
10,095
191,622
129,600
119,754
9,845
191,790
128,473
119,082
9,390
125 204
125,004
Seasonally adjusted:
Civilian labor force total
Participation rate, percent t
Employed total
Employment-population ratio,
percent^
Agriculture
Nonagriculture
3,186
114,728
3,233
113,644
3,244
113,485
3,254
113,230
3,283
113,806
3,204
113,663
3,272
113,500
3,183
113,545
3,166
113,951
3,232
113,811
3,194
114,155
3,209
114,465
3,178
114,478
3.252
114,322
3.204
114,568
3,218
114,519
Unemployed total
Lono term. 15 weeks and over
1,504
2,323
8,475
2,355
8,520
2,417
8,501
2,422
8,641
2,570
8,602
2,623
8,891
2,843
8,929
3,059
9,244
3,204
9,242
3,185
9,155
3,018
9,504
3,361
9,975
3,675
9,760
3.616
9.700
3,563
See footnotes at end of tables.
66.4
66.0
66.0
116,729
62.7
61.6
61.5
65.8
116,484
61.3
125,590
66.1
117,089
61.6
125,508
66.0
116,867
61.4
125,374
65.8
116,772
61.3
125,619
65.9
116,728
61.2
126,046
66.1
117,117
61.4
126,287
66.2
117,043
61.3
126,590
66.3
117,348
61.4
126,830
66.3
117,675
61.6
127,160
66.5
117,656
61.5
127,549
66.6
117,574
61.4
127,532
66.6
117,772
61.5
127,437
66.4
117,737
61.4
SURVEY OF CURRENT BUSINESS
S-10 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
1992
1991
1991
July
Aug.
Sept. I
Oct. I
Nov.
Dec.
Jan. |
Feb.
Mar. |
June ]
Apr. | May
July
Aug.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
LABOR FORCE-Continued
Seasonally adjusted—Continued
Civilian labor force—Continued
Unemployed—Continued
Rates *:
All civilian workers
Men, 20 years and over
Women 20 years and over
Both sexes, 16-19 years
White
Black
Hispanic origin
Married men, spouse present
Married women, spouse present
Women who maintain families
Industry of last job:
Private nonagricultural wage and
salary workers .-.
Construction
Manufacturing
Durable goods
Agricultural wage and salary workers
Not seasonally adjusted:
Occupation:
Managerial and professional specialty ....
Technical, sales, and administrative
support
Service occupations
Precision production, craft, and repair ....
Operators, fabricators, and laborers
Farming forestry and fishing .
55
4.9
48
15.5
47
11 3
8.0
3.4
3.8
8.2
67
6.3
57
18.6
68
6.5
54
19.9
68
6.5
57
19.0
68
65
56
182
69
65
58
189
69
64
59
187
71
66
61
193
71
69
59
183
73
70
61
200
73
6.9
61
20.6
72
6.8
63
19.2
75
7.3
61
20.0
78
7.4
64
23.6
77
7.2
65
21.0
76
7.3
65
198
60
124
99
4.4
4.5
9.1
61
11 9
96
4.4
4.4
8.5
61
124
100
4.4
4.4
9.4
61
123
109
4.5
4.5
9.0
61
128
105
42
4.5
9.4
62
123
102
45
4.6
9.1
63
127
97
47
4.9
9.1
62
137
11 3
48
4.8
9.0
65
138
11 6
50
4.8
9.5
65
141
11 6
4.8
5.0
10.0
63
139
103
4.7
5.0
10.2
65
147
11 3
5.1
4.9
10.0
68
149
121
5.3
5.3
10.1
67
146
11 9
5.3
5.3
10.6
66
143
11 2
5.4
4.9
10.5
5.7
11 1
5.8
5.8
9.7
7.0
154
7.2
7.5
11.6
7.1
162
7.1
7.2
11.5
7.1
154
7.2
7.4
11.8
7.0
157
6.9
70
11.2
7.1
161
70
74
11.9
7.2
161
7.4
71
12.4
7.4
163
72
73
11.5
7.4
170
7.0
70
10.9
7.6
174
7.6
77
11.7
7.8
176
7.3
7.4
9.6
7.5
166
7.6
7.5
10.4
7.8
169
7.7
7.7
13.6
8.0
176
8.3
8.2
13.3
7.8
165
8.3
8.3
14.3
8.0
170
7.9
8.4
11.2
2.1
2.8
3.1
3.3
3.1
2.9
2.6
2.6
2.9
3.0
2.9
2.8
3.2
3.3
3.4
3.7
4.2
66
5.8
8.6
62
5.1
75
7.9
10.5
76
5.0
71
7,2
9.9
54
5.1
71
7.1
9.2
68
5.2
76
7.1
8.7
68
5.1
76
6.9
8.8
72
5.1
82
7.7
9.6
91
5.2
80
8.3
10.9
88
6.0
87
11.3
13.0
11 3
6.0
82
12.0
13.7
11 0
5.7
81
11.2
12.6
89
5.4
81
9.1
11.4
65
5.7
83
8.3
10.7
63
6.0
8.6
8.3
10.7
6.5
6.1
7.9
7.5
10.7
6.7
6.1
8.0
7.4
10.0
67
109,782
91 478
108,310
89930
107,926
90504
108,029
90805
108,751
90638
109,094
90438
109,106
90292
108,966
90212
106,607
88184
106,866
88108
107,359
88,477
108,140
89,248
108,876
89,953
109,378 '108,301
'90,746 '90,658
108,275
90,757
109,782
91 478
72361
24,960
710
5,133
108,310
89930
71 ,475
23,830
691
4,685
108,190
89812
71,387
23,792
693
4,674
108,267
89885
71 442
23,791
686
4,662
108,293
89906
71 492
23,755
679
4,662
108,285
89875
71,487
23,704
674
4,642
108,139
89715
71 ,354
23,613
667
4,585
108,154
89704
71 ,375
23,584
663
4,592
108,100
89643
71 ,360
23,527
657
4,587
108,142
89681
71391
23,525
653
4582
108,200
89,693
71,415
23,532
651
4,603
108,377
89835
71,556
23,530
646
4,605
108,496 "1 08,423 '108,600
89950 r 89 885 '89 980
71 ,675 ' 71 ,649 '71,733
23,548 r 23,470 '23,464
634
641
'633
r
'4,584
4,632
4,600
108,517
89,813
71,663
23,356
629
4,577
19,117
11 130
735
507
557
757
1 423
2,099
1,676
1 990
1,008
377
18,455
10,602
679
472
524
726
1 359
2,007
1,598
1 891
980
366
18,425
10,586
678
469
522
725
1 357
1,998
1,596
1 894
979
368
18,443
10582
678
471
524
725
1 356
1,994
1,591
1 901
977
365
18,414
10557
676
470
523
722
1 354
1,989
1,586
1 896
976
365
18,388
10,530
677
469
524
718
1 352
1,981
1,581
1 889
973
366
18,361
10,498
678
468
520
715
1 351
1,967
1,578
1,886
969
366
18,329
10,466
679
467
520
714
1 347
1,958
1,574
1 878
962
367
18,283
10422
680
466
517
711
1 344
1,954
1,570
1 850
963
367
18,290
10430
686
464
517
710
1 342
1,950
1,564
1 872
959
366
18,278
10,417
689
465
518
710
1,342
1,948
1,560
1,863
956
366
18,279
10,409
688
467
520
708
1,341
1,949
1,557
1,859
952
368
18,275
10,398
687
467
522
707
1,343
1,959
1,554
1 842
949
368
7988
1 666
49
692
1,039
698
1,575
1 088
158
890
133
7852
1,672
49
672
1,010
688
1,541
1,072
159
864
125
7839
1,661
49
675
1,016
686
1,537
1,068
159
861
127
7861
1,685
50
673
1,013
688
1,535
1,071
159
863
124
7857
1,676
50
674
1,017
688
1,533
1,071
159
865
124
7858
1 672
49
676
1,021
687
1,531
1,073
159
867
123
7863
1,670
48
677
1,027
688
1,528
1,073
159
869
124
7863
1,671
49
679
1,026
687
1,527
1,072
158
870
124
7861
1,672
50
678
1,024
687
1,524
1,073
158
871
124
7860
1,671
50
681
1,025
686
1,519
1,073
158
874
123
7,861
1,671
49
682
1,025
687
1,519
1,071
157
877
123
7,870
1,677
50
682
1,023
689
1,521
1,072
157
876
123
7.877
1,678
49
679
1,026
691
1,522
1,073
156
880
123
84822
5808
6200
19,677
6,729
28103
18,304
3,085
4305
10914
84480
5,772
6,069
19,259
6,678
28323
18,380
2,966
4,346
11,067
84398
5,767
6,064
19,238
6,662
28289
18,378
2,965
4,339
11,074
84476
5,773
6,050
19,244
6,661
28366
18,382
2,970
4,339
11,073
84538
5,769
6,049
19,220
6,663
28450
18,387
2,978
4,336
1 1 ,073
84581
5,766
6,040
19,175
6,665
28,525
18,410
2,980
4,337
11,093
84,526
5,761
6,031
19,130
6,666
28,514
18,424
2,981
4,343
11,100
84,570
5,758
6,021
19,112
6,670
28,559
18,450
2,983
4,342
11,125
84,573
5,746
6,010
19,118
6,665
28577
18.457
2,981
4,347
11,129
84617
5,753
6,003
19,143
6,673
28584
18,461
2,981
4,346
11,134
84,668
5,754
5,997
19,092
6,675
28,643
18,507
2,989
4,345
11,173
84,847
5,746
5,993
19,177
6,682
28,707
18,542
2,986
4,360
11,196
74,108
12979
72,705
12467
73,260
12402
73,558
12,605
73,399
12,630
73,232
12,578
73,111
12,502
73,033
12,423
71,133
12236
71,067
12242
71,437
12,263
74108
17,472
509
3984
12979
7,379
605
401
433
575
1,048
1,263
1,056
1,225
500
274
72705
16,533
491
3,575
12467
6,988
556
371
405
547
994
1,198
1,004
1,170
482
264
72622
16,512
493
3,568
12451
6,983
555
368
403
546
992
1,192
1,005
1,177
481
264
72,679
16,524
486
3,562
12476
6,986
555
370
405
547
991
1,191
1,004
1.181
479
263
72,701
16,494
481
3,564
12449
6,964
554
370
404
544
991
1,187
999
1,175
477
263
72,670
16,456
476
3,548
12432
6,945
554
369
405
541
989
1,180
996
1,171
476
264
72,538
16,378
470
3,487
12,421
6,931
556
368
402
539
989
1,169
994
1,174
475
265
72,539
16,369
468
3,498
12403
6,913
556
367
401
539
985
1,165
992
1,171
472
265
72,540
16,344
464
3,494
12386
6,895
557
367
400
535
984
1,162
992
1,161
472
265
72561
16,348
462
3,487
12399
6,906
563
365
399
536
984
1,162
988
1,173
471
265
72,592
16,373
461
3,506
12,406
6,909
565
367
400
535
984
1,161
988
1,173
470
266
EMPLOYMENT §
[Thousands]
Employees on nonfarm payrolls by industry:
Total, not adjusted for seas, variation
Private sector (excl government)
Seasonally adjusted:
Total employees, nonfarm payrolls
Private sector (excl government)
Nonmanufacturing industries
Goods-producing
Mining
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
Federal
State
Local
Production or nonsupervisory workers on private
nonfarm payrolls, not seas, adjusted
Manufacturing not seas adjusted
Production or nonsupervisory workers on private
nonfarm payrolls
Goods-producing
Mining
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturina
See footnotes at end of tables.
r
r
18,236 '18,247
'10,371 '10,349
r
684
'683
'471
469
'522
521
'706
'703
1338
'1,335
r
1,954
'1,949
r
1,549
'1,542
'1 836 '1 830
'941
'946
'368
'373
r
18,150
10,304
680
465
521
702
1,335
1,946
1,533
1 820
936
366
7,865
'1,671
49
680
"1,023
689
r
1,520
1,073
"155
'883
122
'7.898
'1,685
49
682
'1,035
'690
'1,522
1,071
'154
884
126
7,846
1,672
50
673
1,016
687
1,520
1,072
154
880
122
84,948
5,745
5,993
19,150
6,681
28,833
18,546
2,984
4,367
11,195
'84,953
'5,745
5,988
'19,156
'6,672
'28,854
'18,538
2,972
'4,357
'11,209
'85,136
5,742
'5,971
'19,180
'6,669
r
28,954
'18,620
'2,961
'4,387
'11,272
85,161
5,734
5,963
19,109
6,675
28976
18,704
2,962
4,382
1 1 ,360
72,203
12,309
72,873
12,359
'73,623
'12,455
'73,548
'12,357
73,645
12,453
72,777
16,383
457
3,514
12,412
6,903
565
369
403
535
985
1,165
986
1,164
465
266
72,887
16,407
452
3,545
12,410
6,896
564
369
404
533
985
1,172
988
1,149
465
267
'72,859
'16,347
449
'3,520
'12,378
'6,876
560
370
404
532
'981
1,169
'986
'1.146
463
265
'72,912
'16,358
'447
'3,508
'12,403
'6.873
'560
'372
403
'533
980
'1,168
'981
'1.146
'461
r
269
72,755
16,257
444
3,496
12,317
6,839
557
367
403
532
980
1,166
974
1,138
459
263
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
September 1992 •
1991
1991
July | Aug.
Sept. I
S-ll
1992
Oct.
Nov.
Dec.
Jan.
Feb. |
Mar.
Apr.
May
June
July
Aug.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
EMPLOYMENT §-Continued
[Thousands]
Seasonally adjusted—Continued
Production or nonsupervisory workers—Continued
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade . .
Finance, insurance, and real estate
Services
5600
1 198
37
594
871
524
874
601
103
689
110
56636
4821
4,981
17425
4,876
24534
5479
1 208
36
576
845
518
850
579
103
663
101
56172
4798
4,862
16987
4818
24707
5468
1 196
37
578
851
516
848
576
103
661
102
56110
4798
4,858
16970
4,809
24675
5490
1 218
38
577
848
518
846
577
103
664
101
56155
4800
4,845
16966
4804
24740
5485
1 212
37
578
850
518
847
574
103
665
101
56207
4801
4,845
16937
4801
24823
5487
1 209
37
580
853
517
845
576
103
667
100
56214
4797
4,839
16888
4804
24886
5490
1 207
36
580
860
518
844
572
103
669
101
56160
4797
4,833
16848
4,809
24873
5490
1 207
37
582
858
518
843
571
103
670
101
56170
4794
4,823
16827
4809
24917
5491
1 210
37
582
857
517
843
570
103
672
100
56196
4794
4,815
16821
4,813
24953
5493
1 210
37
584
858
516
841
569
104
674
100
56213
4797
4,808
16840
4,819
24949
5497
1 211
37
586
858
517
841
568
103
676
100
56219
4795
4,805
16808
4,820
24991
5509
1,222
37
585
857
519
842
567
103
676
101
56394
4791
4,810
16,874
4,826
25093
5514
1,221
37
583
861
521
842
568
102
679
100
56480
4790
4,815
16,872
4,826
25177
34.5
342
44 1
386
34.7
343
444
388
34.6
34.4
442
391
34.4
343
440
392
34.3
34.4
44 1
378
34.7
34.5
440
379
33.8
34.3
437
367
34.2
34.6
442
36.6
34.3
34.5
443
37.3
34.2
34.3
442
38.2
34.4
34.6
443
38.9
34.6
34.3
'43.4
38.9
34.6
34.3
'43.6
'38.9
35.0
34.7
44.2
39.0
'5502
'5530
'1,230
1,218
37
37
r
582
'583
-856
'869
'520
519
r
'841
840
'567
'564
r
'101
101
'683
.'683
'102
99
r
56512 '56554
'4794
'4,789
4,813
'4,799
r
16,874
'16,879
r
4,818
'4,816
r
25 21 3 '25 271
r
5478
1,218
36
576
850
517
838
565
101
679
98
56,498
4,775
4,791
16,808
4,821
25,303
AVERAGE HOURS PER WEEK §
[Hours]
Seasonally adjusted:
Average weekly hours per worker on private
nonfarm payrolls: 0
Not seasonally adjusted
Seasonally adjusted
Mining
Construction ^
Manufacturing:
Not seasonally adjusted
Seasonally adjusted
Overtime hours
Durable goods
Overtime hours
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures ?
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products ±
Rubber and misc. plastics products
Leather and leather products
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate i
Services
34.5
34.3
441
382
444
381
408
407
3.6
41.3
37
40.2
39.1
42.0
42.7
41 3
41.9
40.8
420
41.1
395
400
3.6
408
39.2
39.9
364
433
37.9
42.6
446
41.1
374
38.9
38.1
288
358
32.5
3.6
41.1
35
400
38.9
41.7
42.2
41 2
41.7
40.7
41 9
41.0
396
402
3.7
406
39.1
40.6
370
433
37.7
42.9
441
41.1
375
38.7
38.1
286
357
32.4
404
407
3.6
41.2
36
40.0
39.1
41.8
42.3
41 2
41.6
40.6
42.1
40.7
396
401
3.7
405
38.4
40.9
370
434
37.6
42.7
439
41.1
376
38.5
37.9
285
35.6
32.2
409
409
3.7
41.3
37
40.1
39.0
41.7
42.8
41 4
41.9
40.7
421
41.0
400
403
3.8
405
39.3
41.2
372
434
37.8
43.0
436
41.3
374
38.7
38.2
286
357
32.4
41 4
409
3.7
41.4
37
40.2
39.1
41.9
42.6
41 4
42.0
40.7
42.1
41.2
400
40.3
3.8
406
40.3
41.2
373
434
37.6
43.1
446
41.2
377
38.9
38.2
286
360
32.4
41 1
40.9
3.7
41.3
37
40.1
39:1
41.8
42.6
41 5
41.8
40.7
42.3
41.0
398
40.3
3.8
406
40.2
41.2
373
43.4
37.8
43.1
441
41.4
372
38.5
38.1
285
35.5
32.4
41 3
40.9
3.7
41.3
37
40.4
39.1
41.6
42.5
41 4
41.8
41.0
42.1
41.1
397
40.4
3.8
407
38.5
41.3
373
434
38.0
43.3
44.5
41.5
381
38.5
38.2
287
35.6
32.4
417
41.0
3.7
41.4
37
40.6
39.5
41.9
42.6
415
41.9
41.1
42.0
41.1
400
40.5
3.8
406
39.4
41.5
374
435
38.1
43.4
435
41.5
377
38.6
38.2
287
36.2
32.5
406
40.9
3.6
41.3
35
40.5
39.5
41.6
42.4
41 4
41.8
41.0
41.6
41.0
398
40.4
3.7
406
39.1
41.0
37.4
43.4
37.9
43.2
424
41.5
376
38.5
38.1
287
35.6
32.4
406
41.1
3.7
41.6
37
41.1
39.7
41.9
42.9
41 6
42.1
41.1
42.0
41.2
399
40.5
3.8
408
37.1
41.4
372
436
38.0
43.4
43.5
41.7
371
38.7
38.5
290
36.4
32.6
409
41.1
3.8
41.6
3.7
41.0
40.1
42.0
43.0
41.6
42.2
41.2
42.0
41.2
40.0
40.5
3.9
407
39.1
41.3
37.4
43.6
38.1
43.1
43.9
41.7
376
38.5
38.3
288
36.2
32.6
404
41.1
3.9
41.5
3.8
40.6
40.0
42.4
43.2
41.3
42.1
41.0
41.8
40.9
39.9
40.6
4.1
40.7
38.0
41.4
37.2
44.0
38.0
43.1
43.5
42.3
380
38.2
38.3
286
35.7
32.4
41 1
41.3
4.1
41.9
4.1
40.8
40.0
42.5
43.6
41.9
42.6
41.5
42.2
41.4
40.0
40.5
4.1
40.5
38.2
41.4
37.3
43.8
38.2
43.4
44.5
41.9
38.2
38.8
38.3
28.8
35.6
32.6
'412
41.0
r
3.8
41.5
r
3.8
'40.1
'39.8
42.3
43.2
41.6
42.2
41.1
41.9
'41
.2
r
40.0
40.4
3.9
40.3
39.5
41.3
r
37.2
'43.7
'38.1
43.2
'43.6
'41.8
'38.0
38.6
38.1
28.6
35.6
32.4
'40.7
41.0
3.8
'41.6
3.8
'40.8
40.2
'42.5
43.1
41.9
'42.1
'41.3
'41.4
'40.9
'40.1
40.3
3.8
40.2
'37.9
'41.0
'37.2
'43.5
38.1
'43.0
43.5
'41.7
'38.4
38.7
'38.0
'28.5
35.7
32.4
41.1
41.0
3.8
41.5
3.7
40.5
39.6
42.3
43.2
41.6
42.3
41.0
42.0
40.7
39.7
40.4
3.9
40.6
39.5
40.7
37.2
43.6
38.2
43.1
43.1
41.7
37.7
39.2
38.4
29.0
36.3
32.8
203.20
166.52
1.63
10.21
4049
11.78
12.27
2945
12.55
48.14
3669
199.76
162.91
1.59
9.29
3904
11.64
12.02
2861
12.43
48.29
3684
198.61
161.96
1.58
9.26
3898
11.57
11.95
28.51
12.24
47.87
3666
199.53
163.00
1.58
9.21
39.12
11.63
12.02
28.62
12.41
48.41
36.53
200.22
163.37
1.56
9.31
39.07
11.70
12.02
28.58
12.48
48.64
36.85
199.68
162.68
1.54
9.20
39.02
11.60
11.97
28.42
12.38
48.55
37.00
199.74
162.72
1.53
9.04
39.00
11.57
11.98
28.55
12.42
48.64
37.02
200.14
163.21
1.52
9.17
38.98
11.58
11.96
28.52
12.54
48.95
36.93
199.45
162.27
1.49
9.04
38.79
11.51
11.91
28.53
12.40
48.60
37.19
201.05
163.67
1.50
9.01
38.94
11.61
12.02
28.87
12.64
49.09
37.38
200.64
163.39
1.50
9.07
38.94
11.54
11.94
28.59
12.63
49.18
37.25
200.12
162.74
1.48
9.15
38.91
11.49
11.94
28.52
12.36
48.90
37.38
201.07
163.97
1.48
9.37
39.04
11.59
11.94
28.68
12.49
49.39
37.10
'200.10
'162.90
'1.43
'9.16
'38.79
'11.56
11.86
'28.49
12.38
'49.23
'37.20
'199.94
'162.69
1.42
'9.15
'38.80
11.59
'11.80
'28.42
12.30
'49.20
'37.26
201.44
164.22
1.45
9.09
38.60
11.70
11.91
28.82
12.65
50.01
37.22
123.5
109.8
64.0
138.3
106.7
105.7
108.1
129.6
1148
116.2
123.4
120.6
144.9
120.5
103.8
62.2
123.7
102.3
99.6
106.1
128.0
1135
113.5
119.4
118.9
145.2
119.9
103.6
62.0
123.4
102.2
99.6
105.8
127.2
113.0
112.9
119.0
117.6
144.2
120.6
104.0
61.5
122.9
102.8
100.0
106.7
128.0
113.6
113.5
119.4
118.4
145.5
120.8
104.1
60.6
124.2
102.6
99.8
106.6
128.3
114.2
113.5
119.2
119.0
146.0
120.4
103.6
59.7
122.7
102.5
99.5
106.7
127.9
113.0
113.0
118.4
118.4
146.3
120.4
103.2
59.1
120.0
102.5
99.3
107.1
128.1
113.0
113.2
119.0
118.9
146.3
120.7
103.5
58.7
121.9
102.6
99.3
107.2
128.5
113.2
112.9
118.8
119.9
147.0
120.3
102.8
57.8
120.2
102.1
98.6
106.9
128.2
112.9
112.5
118.8
119.0
146.7
121.2
103.2
58.2
119.7
102.7
99.5
107.3
129.3
113.6
113.5
120.2
120.8
147.6
121.0
103.5
58.3
120.6
102.9
99.7
107.4
128.9
112.9
112.8
119.1
120.5
147.9
120.7
103.6
57.6
121.9
102.8
99.2
107.8
128.4
112.0
112.9
118.8
118.3
147.6
121.7
104.6
57.1
125.2
103.3
100.1
107.8
129.4
113.7
113.0
119.6
119.0
149.0
'120.8
103.3
'55.6
'122.4
'102.4
99.0
'107.2
128.7
'113.2
112.4
'118.8
'118.4
148.3
'120.8
'103.4
'55.6
'122.3
'102.6
'99.0
'107.5
'128.7
'113.4
'111.8
'118.4
'118.1
'148.6
121.8
102.7
56.0
121.2
101.9
98.5
106.7
130.4
114.5
112.8
119.9
120.9
150.6
AGGREGATE EMPLOYEE-HOURS §
[Billions of hours]
Seasonally adjusted:
Employee-hours, wage and salary workers in
nonagric. establishments, for 1 week in the
month seas adj at annual rate
Total private sector
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Government
[1982=100]
Indexes of employee-hours (aggregate weekly): 0
Private nonfarm payrolls total
Goods-producing
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
See footnotes at end of tables.
SURVEY OF CURRENT BUSINESS
S-12 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1991
Annual
1990
|
1991
July |
Aug.
Sept.
1992
Nov. |
Oct.
Dec.
Jan.
Feb.
Mar. |
Apr.
May |
June
1054
1454
1403
11 36
1089
11 92
11.44
1054
14.52
1402
11.41
1096
11 95
11.49
1055
1445
1405
11 44
1094
1202
11 49
1053
'14.51
r
1409
11.45
1093
1204
'11.50
Aug.
July
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
HOURLY AND WEEKLY EARNINGS §
[Dollars]
Average hourly earnings per worker, not seas,
adj.: 0
Private nonfarm payrolls
...
Mining
Construction ..
Manufacturing
Excluding overtime
Durable goods
Excluding overtime
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Excluding overtime
Food and kindred products
Tobacco manufactures
Textile mill products .. .
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Transportation and public utilities
.. .
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Average hourly earnings per worker, seas, adj.: 0
Private nonfarm payrolls
Mining
Construction
Manufacturing .
.
Transportation and public utilities
Wholesale trade
Retail trade ..
Finance insurance and real estate
Services
[Dollars per hour]
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor
Skilled labor
Railroad wages (average class I)
[Dollars]
Avg. weekly earnings per worker, private nonfarm: 0
Current dollars seasonally adjusted
. .
1982 dollars, seasonally adjusted ?
Current dollars, not seasonally adjusted:
Private nonfarm, total
Mining
Construction
Manufacturing
..
Durable goods
Nondurable goods
..
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
1001
13.68
1377
10.83
1037
11 35
10.86
1033
14.18
1399
11.18
1071
11 75
11.27
1029
1418
1394
11.22
1074
11 80
11.31
1029
1413
1401
11.17
1066
11 76
11.25
908
924
930
8.52
11 12
1292
1083
11.77
10.30
1408
11.29
8.76
11 37
1334
11 19
12.16
10.71
1474
11.65
8.76
11 43
1345
11 22
12.16
10.75
1484
11.65
1044
14.32
1412
11.27
1073
11 88
11.33
1043
1412
14 11
11 25
1074
11 86
11 33
932
937
8.81
11 42
1343
11 21
12.14
10.76
1477
11.60
8.86
11 45
1352
11 31
12.23
10.81
1500
11.67
931
884
11 42
1348
11 29
12.25
10.76
1501
11 70
1045
1427
1398
11.31
1079
11 91
11.37
1049
1450
1409
11.38
1085
11 96
11.41
1050
14.59
1404
11.29
1084
11 84
11.39
1052
1452
1387
11 32
1087
11 89
11.43
933
934
934
937
934
935
940
8.84
11 48
1349
11 35
12.28
10.86
1505
11.74
8.94
11 49
1349
11 39
12.33
10.94
1512
11.82
8.85
1146
1342
11 29
12.23
10.87
1485
11.78
8.85
11 42
1345
11 33
12.29
10.88
1494
11.77
8.89
11 49
1348
11 34
12.33
10.92
1499
11 84
8.91
11 60
1364
11 40
12.30
10.98
1497
11.88
8.95
11 65
1365
11 43
12.38
10.99
1517
11 86
1052
14.47
1404
11.46
1095
'1203
M1.51
'946
9.00
'1167
1375
'11 40
r
12.48
11.05
r
1511
'11.93
r
912
1056
14.50
1416
11.45
1091
12.05
11.50
947
9.08
11 66
1374
11 42
12.45
11.06
1525
11.92
908
r
1074
10.25
10.18
M844
r
8.59
r
6.94
1314
11.77
r
14.49
r
17.73
r
10.40
'7.30
r
13.45
'11.38
'7.10
"1073
r
10.41
1069
10.17
10.13
1718
8.61
6.99
1309
11.81
14.37
17.45
10.36
7.35
13.51
11.44
7.09
10.85
10.45
10.58
14.50
'14.10
11.45
r
13.45
r
11.38
r
7.14
'1076
r
10.53
10.65
14.60
14.17
11.52
13.54
11.52
7.15
10.97
10.61
19.32
25.30
16.67
19.45
25.49
16.72
19.67
25.68
941
'8.99
11 66
'1369
r
11 43
12.44
11.06
1518
r
11.90
r
r
r
861
885
883
885
890
886
893
908
906
907
911
913
910
912
1012
9.69
9.62
1623
1044
9.98
9.90
1668
8.30
6.77
1273
11 49
14.02
17.03
10.07
7.18
1324
11.15
6.95
1040
10.22
1047
1000
1048
9.97
9.89
1574
1047
1816
1042
9.92
9.84
1632
1576
1054
1004
10.04
1669
1062
1013
10.14
1575
1063
1018
10.13
1676
836
842
840
846
849
1058
1015
10.07
1596
827
6.80
1281
1147
14.11
16.87
10.08
7.12
1326
11.13
6.82
1275
11 54
14.01
16.80
10.08
7.11
1326
11.13
6.88
1283
11 63
14.15
17.16
10.13
7.20
1333
11.23
6.83
1283
11 61
14.19
17.15
10.10
720
1326
11.18
6.82
1288
11 61
14.22
17.39
10.14
7.25
1328
11.25
6.88
1298
11 68
14.28
17.48
10.23
7.34
1338
11.33
694
693
703
703
706
705
710
711
1035
10.13
1051
1032
1047
1032
1052
1039
1066
1048
1081
1054
1080
1053
1071
10.27
10.20
1725
8.56
6.98
1302
11 64
14.39
17.92
10.33
7.47
1343
11.34
7.12
1075
10.50
1069
1022
10.23
1752
8.58
6.96
1305
11 66
14.39
17.78
10.33
7.41
1339
11.35
1034
1012
1058
10.14
10.08
1586
8.49
6.83
1290
1160
14.24
17.55
10.28
7.37
1336
11.29
7.10
1066
10.49
M069
10.20
r
10.21
'1813
r
8.60
6.97
'1303
11 67
14.38
17.62
r
10.36
7.41
1340
'11.33
7.10
1070
10.42
10.34
1421
13.99
11 21
13.27
11 14
10.38
1423
14.03
11.24
13.28
11 20
698
699
1046
1028
1048
1030
10.42
1435
13.98
11.30
13.27
11.25
7.04
1054
1035
10.46
1443
14.02
11 32
13.34
11 27
1038
1023
10.39
1430
14.01
11 25
13.27
11 21
7.00
1051
1030
10.40
1425
14.01
11 27
13.24
11 21
675
997
983
10.33
14.18
13.99
11.18
13.24
11.15
6.95
1040
1022
1062
1039
10.46
14.43
13.99
11.27
13.34
11.27
7.07
1062
1041
10.51
1445
13.93
11.34
13.43
11.33
7.09
1073
1047
10.55
1450
14.06
11 37
13.41
11.35
7.12
1078
1050
10.52
14.46
14.03
11.42
13.43
11.29
7.09
1068
1046
10.56
1449
14.09
11.44
13.44
11.37
7.12
1076
1049
18.33
23.92
1608
18.88
24.76
1568
1898
24.84
1570
19.03
24.93
1606
19.07
25.00
1596
1911
25.09
1549
19.14
25.19
1510
19.14
25.19
1604
19.14
25.19
16.13
19.14
25.19
1686
19.24
25.18
1661
19.30
25.21
17.10
19.32
25.27
1691
34535
259.47
354.32
255.64
35363
255.14
356.03
256.32
357.42
256.58
35672
255.53
358.45
255.85
360.87
257.03
358.78
255.36
363.65
258.27
363.98
257.23
360.84
254.47
365.38'
257.31
362.89
254.84
362.89
254.30
369.56
258.07
345.35
60329
526.01
441 86
468.76
40480
504.53
411 10
194.40
356.93
319.48
354.32
629.59
533.02
455.03
482.93
419.69
512.39
424.82
198.77
371.28
331.13
355.01
61825
538.08
45329
480.26
41775
515.81
42405
203.34
368.10
328.90
357.06
62879
543.59
456.85
484.51
422.01
515.81
425.17
203.05
369.50
331.25
361.22
641 .54
552.09
466.58
496.58
427.58
521.20
431.23
201.76
378.36
335.40
358.79
62693
553.11
462.38
493.38
42508
511.84
42708
199.65
371.69
333.34
358.44
635.02
528.44
467.10
495.46
430.03
511.28
428.63
200.50
374.51
335.60
364.00
648.15
534.01
474.55
504.71
436.48
517.81
435.07
205.86
385.89
341.65
354.90
633.21
515.27
458.37
485.44
424.26
506.34
426.76
197.38
379.50
336.73
359.78
63743
507.64
459.59
488.68
423.20
517.25
433.95
201.64
393.48
342.55
361.52
636.85
523.32
464.62
493.49
427.33
511.12
433.19
201.92
390.96
342.23
360.47
633.07
535.56
460.96
489.95
425.19
513.03
433.19
203.63
383.78
339.15
362.92
63436
546.55
470.18
501 .23
430.81
518.19
434.71
204.34
383.06
339.23
364.34
' 635.54
r
548. 10
'471.74
503.27
r
432.95
521.26
'432.81
205.90
380.92
338.65
363.99
r
623.66
'546.16
'466.42
'495.64
'430.67
'525.90
'434.72
'208.03
'383.06
'340.41
369.60
642.35
552.24
470.60
500.08
434.01
532.29
439.30
210.57
393.86
345.90
802
6.57
1231
11 24
13.54
16.24
9.76
6.91
1297
10.79
6.75
997
983
10.01
1368
13.77
1083
12.97
1079
990
998
987
702
706
849
6.85
1288
11 59
14.23
17.92
10.24
7.39
1347
11.36
851
6.87
1295
11 68
14.26
17.96
10.27
7.44
1338
11.34
712
1076
1047
10.58
14.52
14.20
11.44
13.47
r
11.38
7.11
1076
10.53
r
r
r
r
r
EMPLOYMENT COST INDEX
[June 1989=100]
Total compensation:
Civilian workers t
Workers, by occupational group:
White-collar workers
Blue-collar workers
Service workers
Workers, by industry division:
Manufacturing
Nonmanufacturinci
Services
Public administration
Wages and salaries:
Civilian workers t
Workers, by occupational group:
White-collar workers
Blue-collar workers
Service workers
Workers, by industry division:
Manufacturing
Nonmanufacturing
Services
Public administration
111 5
1122
1135
1142
1121
110.3
1123
1128
111 1
1131
1139
1126
114 1
1146
113.5
1147
111 2
111 7
113.8
1122
1122
1123
114.6
1126
1140
1133
1155
1140
1147
114 1
116.3
1146
1100
1106
111 5
1121
1108
1082
1106
111 3
1089
111.3
1122
1098
111.9
1128
110.6
112.4
1093
1102
1124
1106
1103
1107
1130
1109
111 5
111 5
1137
111 9
1122
112.0
114.3
112.4
HELP-WANTED ADVERTISING
Seasonally adjusted index 1967-100
See footnotes at end of tables.
128
93
92
91
92
88
89
90
85
89
93
90
93
92
91
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
Annual
1990 |
September
1991
1991
July
Aug. I
Sept.
S-13
1992
Oct. |
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
June
May
Aug.
July
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year number
Workers involved in stoppages:
Beginning in month or year, thousands
Days idle during month or year, thousands
44
40
0
4
3
6
3
1
0
1
1
3
6
6
1
3
185
5,926
392
4,584
0
272
6
283
4
272
12
306
10
362
1
416
0
393
2
369
3
367
14
388
10
322
239
738
4
113
14
192
20,184
23,222
2,028
1,519
1,359
1,735
1,891
2,603
2,923
1,887
1,775
1,656
1,414
1,652
2,041
1,445
2514
3214
2940
2.8
1,911
11,636
16902
2734
2.6
1,681
10,199
170.70
2728
2.6
1,831
11,079
171.27
2779
2.6
1,681
10,206
17079
3487
3.3
2,183
13,259
17099
4107
4105
4010
3.9
2,476
14,758
17339
3.8
2,664
15,860
17387
3030
2.9
2,049
12,343
171 .70
3021
3.9
2724
16,547
171 65
3542
3.6
2,398
14,306
17388
3114
2.4
18,058
115,957
161 64
3332
3.1
25,446
155,120
16997
131.7
137.1
241
307
UNEMPLOYMENT INSURANCE *
State programs:
Initial claims, thousands
Average weekly insured unemployment,
thousands
Rate of insured unemployment, percent®
Total benefits paid, mil. $
'.
Weeks of unemployment compensated, thousands
Average weekly benefit dollars .. .
Federal civilian employees unemployment insurance
(UCFE):
Initial claims, thousands
Average weekly insured unemployment,
thousands
Total benefits paid mil $
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars
Veterans unemployment insurance (UCX):
Initial claims thousands
Average weekly insured unemployment,
thousands
Total benefits paid, mil. $
Weeks of unemployment compensated, thousands
Average weekly benefit dollars
1590
2140
1,077.5
148.04
1,393.3
153.71
1329
1540
184
224
131.7
773.3
17058
167.8
926.8
17949
3.0
2,135
13,031
16916
3057
2.9
1,983
11,875
r
17322
3.0
1,946
11,629
17370
9.7
r
2.9
1,904
11,267
174.17
16.0
10.0
10.0
14.1
11.6
14.3
15.3
9.1
9.3
10.1
289
169
293
173
286
161
31 0
355
188
303
176
347
202
326
209
280
182
256
159
109.2
155.02
113.6
15268
104.0
154.46
120.7
155.50
110.9
158.56
21 2
134.0
157.94
366
234
145.4
16090
123.4
163.98
127.5
163.67
110.6
164.27
163.50
108.5
163.68
125.6
162.19
130.6
160.59
248
97.2
13.8
17.9
10.4
275
178
31 6
338
20.4
153
152
144
170
142
200
254
183
196
187
176
21 8
252
198
228
256
282
279
41 6
534
591
592
563
538
563
12.2
14.2
67.0
78.3
15.5
84.7
57.0
44.1
181 53
181 83
182.90
18.6
102.1
181.06
17.6
28.8
39.5
39.8
43.0
41.5
38.2
41.4
18374
151.7
18987
216.6
18220
'214.3
M8545
232.3
185.31
224.7
184.57
205.9
18535
221.4
187.08
43947
529699
394,731
213,350
181 381
134968
43770
528 124
403 556
221 093
182483
124568
43112
535 802
403157
221 310
181 847
132645
41 375
534 540
397,939
216,796
181 143
136601
39309
538 075
401 ,877
221,480
180397
136198
39335
546 398
400,697
226,667
174030
145701
38384
536 585
394,322
223,381
170941
142263
544730
405,597
234,447
171 150
139133
95.6
21.0
62.2
44.9
233.3
189.23
234.7
191.31
6. FINANCE
BANKING
[Millions of dollars]
Open market paper outstanding, end of period:
Bankers' acceptances
Commercial and financial company paper total
Financial companies
Dealer placed
Directly placed
Nonfinancial companies
Loans of the Farm Credit System:
Total end of period
Long-term real estate loans
Short-term and intermediate-term loans
Loans to cooperatives
Federal Reserve banks, condition, end of period:
Assets total*
Reserve bank credit outstanding, total #
Loans
U S Government securities
Gold certificate account
Liabilities total #
Deposits total
Member-bank reserve balances
Federal Reserve notes in circulation
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
. . .
Required
Excess
Borrowings from Federal Reserve banks
Free reserves
Large commercial banks reporting to Federal
Reserve System, last Wed. of mo.:
Deposits:
Demand total #
Individuals, partnerships, and corporations ...
States and political subdivisions
U.S Government
Depository institutions in U.S
Transaction balances other than demand
deposits
Nontransaction balances, total
Individuals, partnerships, and corporations ...
Loans and leases(adjusted) total §
Commercial and industrial
For purchasing and carrying securities
To nonbank depository and other financial
Real estate loans
To States and political subdivisions
Other loans ....'
Investments total
U.S. Treasury and government agency
securities total
Investment account
Other securities
See footnotes at end of tables.
54771
557 81 1
420 398
221362
119036
137413
43770
528124
403 556
221093
182463
124568
44756
543563
398 313
205510
192803
145250
44228
534 052
397,453
206 702
190751
136599
43462
532107
400,292
213516
186776
131 815
44910
525 624
392,341
211,801
180540
133283
51,262
29255
11 389
10618
51 172
29416
10,673
11 083
51457
28767
11 223
11 467
52,098
28776
10,650
12671
52,242
28775
11,398
12069
327 573
353 061
320 401
319763
321 636
333 357
329519
353 061
333 129
330 347
335 971
332 01 1
332 729
344 466
347,656
343,638
262,002
190
252103
11,058
289,394
218
281 831
11,059
258,636
574
250 978
11,062
261,991
844
254 959
11,062
264,528
315
258554
11,062
274,061
153
267 675
11,059
271,992
106
265213
11,058
289,394
218
281 831
11,059
272,481
112
266148
1 1 ,058
271,536
62
265 423
11,058
274,013
52
267,601
11,057
274,830
115
267 945
11,057
277,354
150
271 052
11,057
283,729
1,359
276 883
11,060
282,069
256
275,969
11,060
288,180
244
282,153
11,059
327 573
353 061
320 401
319763
321 636
333,357
329519
353 061
333129
330347
335 971
332 01 1
332729
344 466
347,656
343,638
48228
38,658
267,657
49783
29,413
287,906
34228
27,871
272,962
31200
23,962
275,210
36000
27,404
273,809
44061
25,513
276,792
34129
27,246
282,027
49783
29,413
287,906
40595
29,195
280,117
36659
30,688
281,605
36952
29,480
283,383
32960
27,801
286,457
29527
23,503
289,684
36839
22,740
290,772
40270
25,302
294,107
36206
29,422
295,876
59150
57,456
1 665
326
1 362
55,532
54,553
50,660
49,754
55,532
54,553
607
345
645
586
108
786
192
788
55,238
54,174
1 065
77
990
56,282
55,254
1 028
91
939
50,455
49,318
1 137
90
1,049
48,825
47,825
1 000
155
845
"49,823
48,857
r
965
284
50,165
49,232
979
55812
54,809
1 003
233
771
49496
48,584
892
192
788
51 ,584
50,501
1,083
261
834
53,057
52,165
906
50607
49,521
1 086
764
622
51,127
50,198
979
278,721
218,263
9,315
4,831
28,334
255,000
204,158
8,845
2,158
23,508
211,579
171,652
6,626
1,727
18,020
216,086
174,760
6,609
1,299
18,887
218,221
173,948
7,304
1,610
19,243
221,790
177,964
6,984
1,634
20,553
244,247
194,355
8,342
3,397
22,503
255,000
204,158
8,845
2,158
23,508
230,582
182,976
7,792
1,787
20,130
233,222
184,674
8,026
1,771
22,077
236,975
188,976
8,059
1,535
21,004
244,783
194,581
8,107
3,544
21,629
247,411
194,793
8,031
1,411
24,959
235,901
187,252
8,985
2,162
21,221
240,649
194,223
7,747
1,790
20,731
240,184
193,149
7,784
1,749
20,546
91,138
797,701
762,580
101,757
788,004
758,036
88,425
792,527
757,146
90,002
791,441
756,847
89,716
784,509
750,959
91,751
780,087
748,624
96,188
777,657
746,642
101,757
788,004
758,036
99,453
780,392
749,284
100,503
778,947
746,634
102,383
774,935
744,372
101,466
771,221
740,092
101,775
767,467
735,992
100,711
758,296
729,710
102,188
754,062
726,714
103,318
749,281
721,372
1,072,019
321,314
13,129
24,462
398,753
21,054
293,307
1,027,027
294,246
14,817
23,123
402,887
17,876
274,078
1,015,587 1,013,644 1,015,170 1,014,895
288,696
288,876
289,163
286,598
14,197
14,104
13,371
14,096
21,832
22,022
22,499
21,961
400,945
400,247
403,272
402,432
17,221
17,167
16,822
17,345
271,399
271 ,897
270,988
272,146
999,071
283,940
14,034
21,372
400,688
16,972
262,065
996,078
280,193
14,198
20,671
399,491
16.380
265,145
984,175
276,467
14,620
20,185
397,707
15,719
259,477
983,304
274,996
15,736
20,116
395,266
15.606
261 $84
238,932
282,554
253,879
259,765
263,841
276,532
279,824
282,554
284,194
288,374
293,551
291,547
292,835
-298,786
302,190
315,333
177,816
167790
61,116
225,344
206 837
57,210
197,169
182252
56,710
203,357
186968
56,408
207,410
189,404
56,431
220,133
201,209
56,399
223,497
203,402
56,327
225,344
206 837
57,210
228,768
208 104
55,426
233,951
212,090
54,423
239,304
215,998
54,247
237,039
214,340
54,508
239,486
218,174
53,349
rc
248,189
229.185
54,001
259,952
240,364
55,381
929
1,020,070 1,015,162 1,015,986 1,008,330 1,007,962 1,027,027
297,275 295,727
294,318 294,246
302,509
298,898
12,672
14,351
14,817
13,725
11,463
14,315
21,694
23,032
23,123
21,987
22,529
21,670
396,067
396,960
395,619 402,887
396,910
399,870
18,343
18,091
17,876
17,866
18,719
18,578
269,042 262,191
274,078
262,776
265,839 264,474
913
229
684
245,996
r
<•' 226.889
rr
52,790
r
r
681
932
251
681
SURVEY OF CURRENT BUSINESS
S-14 • September 1992
Unless otherwise stated in footnotes below,
data through 1991 and methodological notes are
as shown in BUSINESS STATISTICS, 1963-91
Annual
1990
1991
1991
I
July
Aug.
Sept.
1992
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
2 870.0
'6079
"1724
'2,089.7
2,869.8
2,882.4
6298
6. FINANCE-Continued
BANKING-Continued
[Billions of dollars]
Commercial bank credit, seas, adj.: §
Total loans and securities 0
U S Government securities
Other securities
Total loans and leases 0
[Percent/
Money and interest rates:
Prime rate charged by banks on short-term
business loans
Discount rate (New York Federal Reserve
Bank) @
Federal intermediate credit bank loans
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U S avg )
Existing" home purchase (U S avg )
Open market rates, New York City:
Bankers' acceptances 3-month
Commercial paper, 6-month ±
Finance co. paper placed directly, 6-mo ...
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)
27738
5024
28360
5625
27236
4542
27769
27891
5230
1756
1785
1758
5126
1744
2,093.8
2,095.0
2,095.5
2,089.9
2,089.8
10.01
1763
2 805.5
5387
1779
2,088.9
2,822 8 '2 838 4 '28490
r
5626
5657
5508
r
1788
1793
1786
r
2,093.2 2,096.5 '2,104.7
r
28495
5704
r
28557
'5785
r
1756
1786
r
2, 100.5 '2,101.5
r
28682
r
5906
r
1756
r
2, 102.0
r
2 865.8
r
5991
'173.9
r
2,092.8
r
6151
1745
1749
2,080.2
2,077.6
8.46
8.50
8.50
8.20
8.00
7.58
7.21
6.50
6.50
6.50
6.50
6.50
6.50
6.02
6.00
698
545
550
550
520
500
458
411
350
350
350
350
3.50
3.50
302
3.00
968
973
901
904
912
912
919
910
900
893
878
878
838
843
828
825
817
802
829
815
821
814
826
826
830
820
815
804
781
778
793
570
538
442
397
400
419
392
5.76
5.50
5.59
5.34
5.21
5.33
5.12
485
5.85
5.60
5.89
6.14
5.81
554
7.95
7.53
4.93
4.76
4.49
4.31
4.06
3.95
4.13
3.96
4.38
4.15
4.13
3.89
3.76
3.97
3.77
3.80
3.99
3.80
3.32
3.53
3.35
3.28
3.44
3.29
7.510
5.420
5.580
5.390
5.250
5.030
4.600
4.120
3.840
3.840
4.050
3.810
3.660
3.700
3.280
3.140
2
2
CONSUMER INSTALLMENT CREDIT t
[Millions of dollars]
Not seasonally adjusted:
Total outstanding (end of period) #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
Savings institutions
Gasoline companies
Pools of securitized assets
By major credit type:
Automobile
Revolving
Mobile home
Other
.
748 300
742 058
725814
728818
729 81 0
729 782
729758
742 058
733 294
725 882
721 091
718676
718420
'719578
718310
347 466
137,450
92911
43552
45616
4,822
76,483
339 565
121,901
92254
44030
40315
4362
99,631
332 541
127,414
91 490
37488
43142
4,712
89,027
333 655
128,629
92329
38,091
42014
4,857
89,243
333417
125,299
92605
38,070
41 138
4,753
94,528
334,835
124,299
92,128
38,147
41 691
4,529
94,153
333,272
123,228
91 849
39,460
41 337
4,388
96,224
339,565
121,901
92254
44,030
40315
4,362
99,631
335 320
119,206
91 894
41 ,567
39448
4,377
101,482
330,464
120,280
91 ,469
40,015
38479
4,151
101,024
327,697
118,353
91,164
39,454
37142
3,988
103,293
326,205 324,791
1 18,364 116,138
91 605
91 339
37,824
39,553
36224
36499
4,094
4,193
102,622 107,645
'324,171
116,690
'92,237
37,438
35618
4,360
109,064
323,790
116,968
92,054
37,219
35084
4,506
108,655
284,813
232 370
20666
210,451
263,108
255 895
269,300
232120
268,940
235,302
'257,343
'245,047
(3)
3
3
3
3
223,055 3 222,1 03 3 221 ,071 21 9,294 3217,519 21 6,440 ' 217,188
258,122
244,559
(3)
3
21 5,629
(3)
(3)
3
223,055
Seasonally adjusted:
Total outstanding (end of period) #
By major credit type:
Automobile
Revolving
Mobile home
Other
Total net change (during period) #
By major credit type:
Automobile
Revolving
Mobile home
Other
3
224,394
728 823
(3)
3
224,576
727 31 1
268,897 266,620
234 654 236 294
(3)
(3)
3
225 273 3 224,396
-1,512
-1286
-1 892
1255
(3)
3
l649
-2277
1,640
266,747
239,577
263,249
243,349
(3)
3
224,267 3 223,458 3 223,1 60
267,823
237,720
(3)
727 449
(3)
729 225
727 960
263,108
255,895
261 ,871
249,320
(3)
(3)
727799
728618
259,723
245,088
(3)
728 395
259,530
242,267
258,449
242,708
(3)
(3)
727 404
723 821
258,665
243,315
(3)
722 928
'722,651
259,834
246220
'257,240
'247,372
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
3
3
3
3
223,842 3 223,369 3 223,004 3 222,01 2 3 221 ,196 3 220,762 3 220,020 21 7,541 21 6,874 ' 21 8,038
'-277
-3,583
-893
-1,265
-223
-161
-991
1,776
819
138
264,621
238 987
-1 999
2,693
(3)
(3)
^77
*-554
264,420
241,436
262,383
242 573
-201
-2,037
1,137
2,449
(3)
3
-473
(3)
3
-365
263,003
242 785
620
212
(3)
3
263,134
244 288
261,659
245 974
131
1,503
-1 ,475
1,686
(3)
3
-816
-992
(3)
3
-434
262,125
245 259
260,376
245 905
466
-1,749
646
-715
(3)
3
-742
3
(3)
-2,479
-542
315
(3)
3
-667
'-2,594
'1,152
(3)
'31,164
721 ,529
257,761
247,229
(3)
3
21 6,538
-1,122
521
143
3
3
()
-1,500
FEDERAL GOVERNMENT FINANCE
[Millions of dollars]
Federal receipts and outlays:
Receipts (net)
Outlays (net)
Total surplus or deficit (—)
Federal financing total
Borrowing from the public
Other
Gross amount of debt outstanding
Held by the public
Federal receipts by source and outlays by
agency:
Receipts (net) total
Individual income taxes (net)
Corporation income taxes (net)
Social insurance taxes and contributions
(net)
Other
Outlays (net) total
Agriculture Department
Defense Department military
Health and Human Services Department ..
Treasury Department
National Aeronautics and Space
Administration
Veterans Affairs Department
78,593
76,426
1.031 ,374 1 1,054 265
1 251 683 1 1 323 757 119424 120,075
1
-40831 -43649
-220 460
-269 492
1
1
43,649
40831
269 492
220 460
1
1
34,434
32,574
263,384
293,239
1
-6357 -10079
'6098
25 303
1
3,489,997 3,597,294 3,636,298
'3,088,716
1
2 351 085 1 2 628 699 2,702,107 2,734,682
1
1
1
1
1
1
72,917
19,503
1 1 ,742
138,430
67,993
14,198
62,244
12,012
2,691
120,909
53,072
20,784
79,074
35,098
2,732
78,216
34,715
1,579
31 ,832
8,765
119,755
4,372
24,806
44,126
18,296
32,282
6,342
111,230
3,906
23,262
43,595
20,185
34,237
7,434
123,629
5,462
22,109
43,303
21,375
47,461
8,779
123,821
5,080
22,948
45,693
19,756
40,362
7,179
109,029
5,007
23,379
44,316
22,801
38,380
8,672
117,126
3,912
24,868
49,575
49,230
31,722
9,522
'122,220
3,595
29,180
48,176
17,536
33,139
8,782
102,918
3,266
20,538
43,333
18,403
1,308
2,614
1,035
2,445
1,044
3,114
1,294
1,804
1,148
2,898
1,133
2,686
1,151
2,514
1,179
4,010
1,076
1,361
1 1 ,058
359.53
11,057
361.06
11,058
354.45
1 1 ,058
353.89
11,057
344.34
11,057
338.50
1 1 ,057
337.24
11,059
340.81
353.05
342.96
4.060
3.910
4.120
4.140
4.100
4.030
4.070
4.060
3.950
3.800
76,426
34,560
1,306
109,350
47,979
18,580
78,068
39,332
1,171
73,194
31,987
1,516
103,662
41,722
21,719
'396010
1
97 581
1 323,757
1
54,1 20
1
299 196
'483,936
1
276,887
30,360
8,061
119,424
4,029
23066
41,897
16,646
31 ,504
9,056
120,075
3,085
27,065
43,271
19,136
34,042
8,317
116,238
3,525
21,006
39,616
16,044
28,435
9,132
114,660
6,376
22,765
42,710
17,457
31,502
8,189
117,878
5,926
24,780
44,655
21,486
30,996
9,225
106,199
5,761
23,094
43,576
49,929
13 878
*31 214
1 089
2,654
1,201
3,659
1,148
1,313
1,251
3,048
1,194
4,039
11,061
384.08
1 1 ,059
362.04
1 1 ,062
367.51
11,062
356.23
11,062
348.79
11,059
358.68
4.819
4.040
4.300
3.940
4.030
4.100
380 047
90 670
1,251 683
1
46,01 3
1
289 773
1
438,678
1
254,597
1
62,056
22,213
1,220
78593
38,403
1,770
1
12 429
28 999
1
1
79,074
120,909
78,216
117,126 '122,220 102,918
3,783 '-43,146 -24,702
24,702
-3,783
'43,146
38,841
28,290
22,318
-16,307
26,101
14,139
3,918,787 '3,942,569 3,983,735
2,923,243 '2,950,083 2,988,923
104,091
60,451
2,992
1 054 265
1
467,649
1
98,086
1 031 374
1
467,243
1
93,506
1
1
62,244
73,194 103,662 104,091
72,917 138,430
62,056
78,068
109,350
116,238 114,660 117,878 106,199 rr 119,755 111,230 123,629 123,821 109,029
-2,537 -15,664 ^19,174 -50,712
14,609 -46,786
-6887 -36,592 -44,684
r
44,684
49,174
46,786
36,592
2,537
50,712 -14,609
6,887
15,664
33,840
40,657
25,641
6,292
50,138
20,938
22,825
11,449
27,970
21,141
20,181
4,681 -19,826
-4,253 -27,821
776
20,901 -13,095
3,651,127 3,681,196 3,736,276 3,743,534 3,762,074 3,811,671 3,822,222 3,865,111
3,598,919
4
2,687,859 2,727,824 2,753,465 2,776,290 2,788,596 2,809,534 2,859,672 2,867,085 2,900,925
r
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of period), mil.
Price at New York, dol. per troy oz. $$ ....
Silver:
Price at New York, dol. per troy oz. ?? ....
See footnotes at end of tables.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
September 1992 •
1992
1991
Sept.
July | Aug.
1991
S-15
Nov.
Oct.
Jan.
Dec.
Mar. |
Feb.
Apr. |
May |
June
July
Aug.
"9633
"34628
"41631
5,006.4
971 0
34670
41735
280.8
317.2
"356.6
"72.8
282.9
319.3
360.1
76.3
6. FINANCE-Continued
MONETARY STATISTICS
[Billions of dollars]
Currency in circulation (end of period)
Money stock measures and components (averages of
daily figures):
Measures (not seasonally adjusted):
M1
M2
M3
L (M3 plus other liquid assets)
Components (not seasonally adjusted):
Currency
Demand deposits
...
Other checkable deposits ±±
Overnight RP's and Eurodollars 0
General purpose and broker/dealer money
market funds
Money market deposit accounts
Savings deposits
Small time deposits @
Large time deposits @
Measures (seasonally adjusted):
2870
3077
8120
32983
40928
4,932.2
8604
34027
41605
49858
8623
'34107
41586
4 983.0
2355
277.6
291.0
81.2
2595
2801
312.8
69.5
2608
280.9
312.1
r
65.0
362.9
363.3
(')
'990.9
1,129.2
470.8
333.2
501.1
911.3
1,160.5
525.5
2934
1
980.0
1,129.9
471.9
860.0
34075
4,157.3
"4991 5
r
M2
M3
L (M3 plus other liquid assets)
Components (seasonally adjusted):
Currency
Demand deposits
Other checkable deposits **
Savings deposits
Small time deposits @
Large time deposits @
2593
2793
3137
1
986.1
1,129.5
471 2
8645
34093
"41602
"49798
r
8674
8755
34042 r 34134
"41452 "41500
"4 965 3 r 4,967 9
r
261 7
2786
318.7
r
66.9
2620
278.8
315.1
"67.6
1
1,120.0
467.8
866.5
34098
4,156.7
r
49853
1
357.4
(')
1,01 3.3
1,097.1
450.2
872.0
880.9
3411 9 "34180
4,1 52.9 r4,159.1
r
49744 "4 978 1
r
r
r
r
261 3
2801
317.3
1
994.1
1,120.8
4655
1,001.0
1,110.3
460.5
2629
280.6
3206
1
1,002.4
1,111.0
4585
8939
"34350
"41691
"49985
9173
"34537
"4181 7
r
50101
2663
291 1
328.8
r
73.8
2700
3030
336.5
r
76.3
2631
283.7
320.6
"70.1
358.7
360.7
n996.5
1
3032
3077
2648
283.8
324.5
1
1,01 5.0
1,095.2
4500
358.6
1
1,028.5
1,080.1
441.9
891.4
3431 8
"4,166.9
"4991 1
r
2660
287.6
329.7
1
1,028.7
1,079.2
4423
1
3581
(')
1,038.7
1,063.4
435.5
9182
3457 1
"41802
r
5001 7
r
9168
3464 1
"41905
r
50059
9308
"3476 1
"41965
"5 027 3
2695
2964
3432
r
77.8
271 0
3021
350.0
r
74.8
r
2678
3000
3425
"77.8
359.6
1
1,055.4
1,046.1
424.9
1
3690
(')
1 ,078.1
1,022.4
419.4
366.9
(')
1,1 00.5
r
1,003.2
413.5
"9521
9440
9547
"34879 "34539 "34584
"41941 "41630 "41629
"5 026 7 "4 987 8 "50048
2734
3129
360.8
"72.8
2757
3075
353.1
"69.4
360.4
1
1
939.0
"34755
"4191.4
"50204
942.8
"34699
"4,177.4
"5011 8
1,115.7
"984.3
404.5
1
345.4
346.1
352.3
348.9
(')
(')
(')
I1)
1,1 22.4 '1,132.2 '1,139.9 '1,148.2
925.4
"952.7
941.4
"965.8
402.4
"388.3
385.3
396.9
r
898.1
34399
4171 0
"4 989 8
910.4
r
34492
"41751
"49836
931.0
"34769
r
4201 0
r
50127
2673
2895
3332
1
1,042.6
1,063.0
4371
2694
2939
3390
1
1,061 .2
1,042.9
4279
2747
271 8
271 6
2736
311 2
315.1
3096
3051
"356.4
349.5
350.0
3463
1
1 ,083.9 1 1 ,098.0 '1,111.2 '1,122.4
"968.7
"985.3
1,019.8 "1,002.8
4057
4009
4207
4130
r
277.3
310.6
356.1
"72.3
954.3
"3471 6
"4,177.3
"50044
951.8
"34625
"4,165.8
"50177
"960.8
"3,459.6
"4,162.0
50151
973.5
3,468.0
4,170.8
2762
2790
311.0
315.6
356.7
"358.5
1
1,1 27.0 '1,134.3
941.7
"956.2
3953
"388.5
2823
320.7
362.5
'1,145.2
926.0
383.3
PROFITS AND DIVIDENDS (QTRLY.)
[Millions of dollars]
Manufacturing corps. (Bureau of the Census):
Net profits after taxes all manufacturing
Food and kindred products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Stone clay and glass products
Primary nonferrous metal
Primary iron and steel
Fabricated metal products
Machinery (except electrical)
Electrical and electronic equipment
Transportation equipment (except motor vehicles
and equipment)
Motor vehicles and equipment
All other manufacturing industries
Dividends paid (cash) all manufacturing
111 319
16,074
429
4817
23412
17,967
-916
2,516
583
4,638
11 205
6409
67965
19,639
833
2164
20558
10,868
-1 602
986
-1 439
3,359
-2740
4706
17994
5,539
214
852
5,739
1,592
253
257
17
1,092
-317
-1 315
8676
3971
460
-369
4210
1,889
-1 424
-232
-1 148
274
-1 266
1 903
24341
5,085
294
796
6,268
2,252
-575
401
-140
1,060
1 637
1 847
5,065
-552
19756
85
-1,679
5699
234
-2,658
2711
196
526
4694
62197
2,694
-7,607
15404
fin 99?
14654
15873
14815
127938
34693
172,576
43809
13,140
5960
17,915
7106
13,988
4,390
14,034
2,203
19,215
853
66.0
68.8
68.1
69.0
69.5
71.4
71.0
10.892.70
12.698.11
889.76
924.05
880.40
1,104.51
899.00
SECURITIES ISSUED
[Millions of dollars]
Securities and Exchange Commission:
Estimated gross proceeds total
By type of security:
Bonds and notes corporate
Common stock
Preferred stock
By type of issuer:
Corporate total #
Manufacturing
Extractive
Public utility
Transportation
Communication
Financial and real estate
State and municipal issues (Bond Buyer):
Long-term
Short-term
18,087
3269
15,087
952
16,001
3444
19,169
1,402
71.1
73.0
77.1
70.6
71.0
71.7
1.037.61
1,274.73
1,251.32
1,124.58
924.16
840.52
19,748
1 962
18,336
956
27,404
8,161
15,775
2,226
SECURITY MARKETS
[Millions of dollars, unless otherwise indicated]
Stock Market Customer Financing
Margin credit at broker-dealers end of year or month
Free credit balances at brokers, end of year or
month:
Margin-account
Cash-account
Bonds
Prices:
Standard & Poor's Corporation, domestic municipal
(15 bonds), dol. per $100 bond
Sales:
New York Stock Exchange, exclusive of some
stoooed sales, face value, total
See footnotes at end of tables.
28210
8050
19285
73.7
904.49
75.8
76.1
999.56
867.62
SURVEY OF CURRENT BUSINESS
S-16 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
1992
1991
Annual
1990
1991
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan. |
Feb.
Mar.
Apr.
May
June
July
Aug.
6. FINANCE-Continued
Bonds—Continued
[Percent]
Yields:
Domestic corporate (Moody's)
By rating:
977
923
942
916
903
899
893
875
864
875
881
877
871
863
844
8.29
9.32
956
982
10.36
877
905
930
980
900
925
951
9.89
8.75
899
926
9.65
8.61
886
911
9.51
8.55
883
908
9.49
8.48
878
901
9.45
8.31
861
8.82
9.26
8.20
851
8.72
9.13
8.29
869
883
9.23
8.35
873
8.89
9.25
8.33
869
8.87
9.21
8.28
863
881
9.13
8.22
856
8.70
9.05
8.07
837
8.49
8.84
7.95
821
8.34
8.65
977
976
925
921
942
940
916
916
902
903
898
899
893
893
874
8.76
861
8.67
873
877
877
884
875
8.79
870
872
861
8.64
842
8.46
8.23
8.34
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp (15 bonds)
7.31
725
690
745
700
703
685
689
6.73
680
669
659
678
664
6.58
663
6.65
6.41
6.74
667
6.77
669
6.69
664
6.58
657
6.42
650
5.89
6.12
6.08
U.S. Treasury bonds, taxable ±
8.74
8.16
8.50
8.17
7.96
7.88
7.83
7.58
7.48
7.78
7.93
7.88
7.80
7.72
7.40
7.19
96524
2,678.94
211 53
1 040 24
1 048 27
2,929.32
21032
1 17022
1 067 44
3,010.35
20803
1 18239
1 087 94
3,019.73
21354
1 283 07
1 082 22
2,986.12
21667
1 237 09
1 077.52
2,958.64
219.27
1 233.31
1 166.27
3,227.06
215.72
1 378.73
1 17423
3,257.27
20684
141223
1 16958
3,247.41
20438
1 ,408 98
1 167.58
3,294.08
206.07
1 356.85
1 19556
3,376.78
21315
1 380 45
1,17492
3,337.79
21246
1 ,333.28
1,170.50
3,329.40
219.07
1,303.10
1 154.13
3.307.45
220.19
1,254.65
33459
390.88
28247
433.92
140.16
254.32
202.85
37617
445.81
30066
54404
141.95
288.54
24819
38023
453.38
30625
54798
137.75
294.32
24747
38940
463.26
30928
57651
140.88
295.57
258.97
38720
459.11
30357
567.52
142.84
295.12
264.41
38688
457.39
30065
56488
144.54
314.42
290.59
38592
454.97
29410
568.32
146.66
315.86
293.12
388.51
458.00
290.14
596.37
148.81
312.73
291.18
416.08
493.37
320.61
632.83
149.70
340.35
302.20
41256
490.89
32278
630.66
143.06
348.31
304.54
407.36
484.86
317.67
621 .24
139.45
346.73
298.38
407.41
484.53
312.79
617.42
141.61
344.98
313.39
41481
490.72
31945
618.26
147.25
356.62
335.10
408.27
481.96
312.12
598.89
146.79
342.07
322.35
415.05
487.16
309.35
617.31
153.70
334.44
315.56
417.93
490.88
305.32
627.14
149.97
321.77
305.61
2612
8550
95.53
34256
2969
9036
11467
37958
2989
91 89
11679
38798
31 48
9894
129.37
36958
31 43
9757
125.96
36016
31 27
9910
126.29
361 93
31 22
9641
125.65
37683
3121
92.72
127.76
392.32
34.36
105.13
141.08
412.66
3434
110.59
145.83
401.84
3429
108.84
145.11
391 .26
33.94
107.28
146.09
385.42
3517
117.36
154.88
383.81
34.90
115.36
150.34
390.63
36.18
118.86
153.07
415.77
35.78
112.94
148.87
417.50
N.Y. Stock Exchange common stock indexes,
12/31/65=50:
Composite .. .
Industrial .. .
Transportation
Utility
Finance
183.46
225.78
158.62
9060
13326
205.48
257.09
173.97
9226
15018
208.29
262.48
177.15
9005
15159
213.33
268.21
178.51
9238
15769
212.54
266.21
177.99
9371
15768
213.09
265.68
195.74
9524
15894
213.25
264.88
188.52
9677
15977
214.32
266.09
185.68
93.20
160.04
229.33
286.62
201.55
99.30
174.49
228.11
286.09
205.52
96.17
174.04
225.21
282.35
204.09
94.15
173.49
224.54
281 .60
201.28
94.91
171.05
228.54
285.16
207.87
98.23
175.89
224.67
279.53
202.02
97.22
174.82
228.16
281.90
198.36
101.17
180.92
230.07
284.44
191.30
103.41
180.46
NASDAQ over-the-counter price indexes:
Composite 2/5/71-100
Industrial
Insurance . .
Bank
NASDAQ/NMS composite, 7/10/84=100
Industrial
40921
430.57
471 .43
319.03
179.36
17017
491 56
54948
535.65
319.34
217.09
21825
48934
54401
541.50
324.18
215.87
21661
51325
570.78
542.98
339.54
226.77
22768
52056
582.35
538.78
342.02
229.72
231 .95
52892
593.57
531.88
337.82
233.23
236.18
53658
604.36
556.99
328.83
236.64
240.47
544.10
617.10
561.90
326.63
240.48
234.99
615.73
707.59
617.22
368.12
272.66
301.41
632.05
723.85
624.69
385.75
279.32
289.05
619.60
701 .75
617.56
393.51
273.67
280.00
582.79
642.91
600.57
402.24
257.56
256.79
581 .47
630.97
614.90
428.79
257.43
252.57
566.66
608.48
615.17
436.01
250.86
243.57
;
568.72
604.99
642.64
456.84
251.82
242.32
569.00
603.07
678.01
461 .64
251.98
241 .69
3.61
3.16
591
2.56
4.82
8.96
3.24
2.82
595
2.30
3.69
8.17
3.20
2.76
611
2.26
3.70
8.15
3.10
2.67
599
2.19
3.45
8.03
3.15
2.73
595
2.19
3.48
7.81
3.14
2.74
587
2.07
3.38
7.93
3.15
2.75
580
2.09
3.28
7.81
3.11
2.73
571
2.08
3.21
7.62
2.90
2.55
572
1.93
2.74
7.54
2.94
2.58
599
1.90
2.85
7.54
3.01
2.63
616
1.94
2.92
7.64
3.02
2.63
608
1.94
2.99
7.75
2.99
2.63
580
1.87
2.94
7.61
3.06
2.69
584
1.97
3.00
7.53
3.00
2.65
558
2.01
2.89
7.47
12\
1,611,667
53338
1,776,305
58031
134,465
4353
156,668
4923
127,651
4,085
152,760
4971
157,817
5,071
154,862
5,391
213,054
6,915
177,051
5,507
172,592
5,529
170,536
5,127
160,568
4,802
164,313
5,080
164,951
5,187
1 ,389,084
43,826
1,531,813
47,674
116,659
3,610
133,673
4,010
110,065
3,346
132,782
4,127
136,256
4,175
133,722
4,351
182,510
5,440
152,516
4,434
149,951
4,386
147,607
4,227
138,059
3,926
143,429
4,240
142,447
4,299
Aaa
Aa
A
Baa
. .
...
By group:
Industrials
Public utilities
Railroads
Stocks
Prices:
Dow Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks) .
Standard & Poor's Corporation, 1941-43=10
unless otherwise indicated: §
Combined index (500 Stocks)
Industrial, total (400 Stocks) #
Capital goods
Consumer goods
Utilities (40 Stocks)
Transportation (20 Stocks), 1982=100
Railroads
Financial (40 Stocks), 1970=10
(subcategories in 1941-43-10)
Money center banks
Major regional banks
Property-Casualty Insurance
Yields (Standard & Poor's Corp.), percent
Composite (500 stocks) 0
Industrials (400 stocks)
Utilities (40 stocks)
Transportation (20 stocks)
Financial (40 stocks)
Preferred stocks, 10 high-grade
Sales:
Total on all registered exchanges (SEC):
Market value, mil. $
Shares sold millions
On New York Stock Exchange:
Market value mil $
Shares sold (cleared or settled), millions ....
New York Stock Exchange:
Exclusive of odd-lot stock sales (sales
effected) millions
NASDAQ over-the-counter:
Market value mil $
Shares sold millions
Shares listed, NYSE, end of period:
Market value all listed shares bil $
Number of shares listed millions
1 060 65 1 069 71
2,978.18 3,006.08
20442
19964
1 204 56 1 204 66
39,665
45267
3458
3,773
3,247
4,085
3,727
4,156
5,268
4,292
4,082
4,320
3,666
4,296
4,274
3,647
377,468
27,894
27894
693,854
41 264
41,264
50,781
3098
3,098
57,699
3346
3,346
55,614
3233
3,233
72,688
4078
4,078
64,967
3708
3,708
64,893
3,632
108,835
5509
5,509
79,986
4264
4,264
73,400
4045
4,045
78,144
3,942
57,296
3126
3,126
64,635
3,591
63,154
3,597
53,571
3,083
3083
281978
2,819.78
90,732
371284
3,712.84
99622
99,622
3,381.44
3381 44
96,174
3,455 05
3,455.05
96,221
3 400.30
3,400.30
96,519
3,470 09
3,470.09
97,412
3,352.40
98,683
3,712.84
99,622
3,664.00
100,117
3,718.28
101,214
3,654.92
102,450
3,742.72
103,269
3,782.33
107,148
3,712.82
110,121
3,870.96
111,389
3,806.74
112,519
39,055.2
35,506.9
7. FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
[Millions of dollars]
Exports (mdse.), incl. reexports, total @
Seasonally adjusted
Western Europe
European Economic Community
Beloium and Luxembourg
France
..
..
Federal Republic of Germany . ..
Italy
Netherlands
United Kingdom
Eastern Europe
USSR (former)
See footnotes at end of tables.
393,592.3
421,730.0
r
33,443.9
35,189.7
33,632.7
34,464.2
34,391.3
35,282.7
37,896.5
36,842.1
36,969.6
37,269.0
34,996.1
36,053.0
34,468.8
35,467.1
36,859.8
37,654.4
39,784.3
37,084.7
37,172.7
36,405.8
36,695.9
35,717.9
8,626.4
7,514.3
9,201.0
7,927.5
832.7
1,302.1
1,625.6
624.0
9,978.0
8,678.3
1,285.6
1,740.3
752.2
1,275.3
1,753.5
10,178.0
8,784.4
748.2
1,326.6
1,791.7
924.4
1,275.5
1 ,697.6
9,562.0
8,542.9
766.7
1,188.1
1,765.9
772.9
1,163.9
1,794.6
10,791.5
9,373.7
832.4
1,423.7
1,962.4
740.0
1,523.1
1,903.0
11,455.0
10,201.3
1,628.6
10,182.2
8,828.1
879.2
1,176.1
1,621.8
682.5
1,364.0
2,161.0
1,532.0
2,050.8
880.4
1,231.4
2,342.4
9,901.2
8,776.5
793.0
1,280.5
1,771.3
705.6
1,114.8
1 ,986.3
9,648.9
8,523.7
864.6
1,213.9
1 ,824.3
762.2
1 ,020.6
1,918.4
9,484.5
8.215.4
824.3
1,151.8
1,614.7
838.0
1 ,050.8
1,815.2
8,744.0
7.664.0
727.9
1,012.7
1,656.5
697.9
983.0
1,655.5
321.7
362.1
419.6
393.3
299.6
341.4
241.7
485.9
287.3
320.0
220.0
418.9
324.8
494.0
357.3
415.2
268.4
593.6
503.0
502.1
233.8
533.7
330.9
112,974.6
98,026.8
10,448.3
13,652.2
18,693.3
7,987.3
13,015.8
23,484.1
118,723.3
103,208.5
10,790.8
15,365.4
21,316.5
8,578.5
13,528.1
22,063.4
8,984.9
7,956.2
792.7
1,238.1
1,940.9
580.3
929.9
1,579.1
4,262.6
3.087.7
4,785.5
3.577.6
278.7
203.7
918.0
1,115.2
1,511.6
570.9
888.4
1,727.2
861.3
869.1
926.1
r
38,1 64.6 37,332.3
290.5
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
1991
July | Aug.
Sept. [
Oct.
Nov. | Dec.
Jan.
Feb.
Mar. I Apr.
May I
June
July
7. FOREIGN TRADE OF THE UNITED STATES-Continued
VALUE OF EXPORTS-Continued
[Millions of dollars]
Exports (mdse.), incl. reexports—Continued
Western Hemisphere:
Canada 0
Brazil
Mexico
Venezuela
Asia:
China
Hong Kong
Japan
Republic of Korea
Saudi Arabia
Sinoaoore
Taiwan
Africa:
Nigeria
.. . .
Republic of South Africa
Australia
OPEC
Exports of U.S. merchandise, total @
By commodity groups and principal commodities:
Agricultural products total
Nonagricultural products, total
Food and live animals #
Beverages and tobacco
Crude materials inedible, exc fuels #
Mineral fuels, lubricants, etc. #
Oils and fats animal and vegetable
Chemicals ....
Manufactured goods class chiefly by material
Miscellaneous manufactured articles
Machinery and transport equipment, total
Motor vehicles and parts
74458
6934
27402
4076
82825
4888
32235
4429
70448
6172
6176
28428
3703
30602
4507
29088
3850
69492
4432
3071 8
3574
70277
4603
3200 1
3902
8 1950
4546
35296
4938
78472
3854
35099
4753
76660
4307
33863
4548
'83975
5942
34960
4975
68466
4267
34766
491 8
560.1
7887
4 020.8
1 1630
4822
5928
12058
470.8
7574
3 661 .7
1 2564
6289
6484
1 1203
5709
6444
42170
1 2651
5662
6923
9978
621 5
7450
43481
1 403 1
6097
7054
1 1448
5806
6838
36020
1 321 1
6760
7032
12375
503.2
6298
36608
1 4734
6477
6483
1 0297
4705
6589
44170
1 2025
621 1
6760
1 141 1
6378
669 1
4 352.4
1 3834
586.6
6708
35661
1 0932
8096
7328
12963
613.1
7042
3,666.1
1 2882
5359
7922
1 2980
696.8
8308
4,163.8
1 3570
437.5
8642
4,181.0
1 2106
4929
8080
1 0999
822
141 8
975
163.0
83 865 5
5061 9
28 375 3
3107.2
851025
61541
33 275 6
46682
4,807.2
68406
48,584.8
143987
40348
80191
1 1 482 3
6,286.8
81405
481465
155184
65722
88078
13'l91 1
551 5
1,732.4
85347
13678.7
375,454.2
8329
20863
84162
190835
400 839 1
7268
7670
861 4
7567
8069
1 6369 1 4484 1 740.1 1 7770 1 7801
31 887 0 31 906 2 32 700.4 35 972 8 346546
387834
341 914.0
29,280.0
71186
269849
12,174.8
1 1906
38,983.3
31 670 3
39,285.3
172,521.9
26 656 3
38 462 7
362 379 8
29,555.0
67503
25 462 0
12,033.2
1 1471
42 966 7
35 566 0
43,162.2
187359.9
281751
28665 27880 28030 33301 39547 38397
290359 289101 29 972 6 322587 31 243 2 29 729 7
2 462.4 2 476.8 2,435.5 2,693.4 28643 2,642 0
4983
451 7
601 6
451 8
561 6
4945
1 711 9 19782 22308 23289
1 861 8 18177
979.4 1 007.5 1 ,054 4
956.0
970.6
892.8
993
874
1177
1034
1268
1106
34552 34695 3 320.3 3,754.1 34088 3291 9
29606 30650 29750 31826 29050 26821
3,519.4 3,498.3 3,657.3 4,009.0 3,761.1 3,627.3
147028 14302.7 15,877.2 16,845.9 169165 158335
1 9938 1 9889 25300 27872 25556 21237
495310.5
487 129 0
64736
5378
29229
4164
5385
5806
3851 3
1 281 6
4972
666 1
1 171 3
634
1452
67636
6197
682
1738
1052
170.0
674
1421
979
1585
6 1249
647
1488
6754
1 861 3
33 333 0
670
1352
1006
1341
6106
7649
1 2096
708
1801
6073
6247
6070
6463
1 8380 1 7897 1 8434 20977
32 766 9 35 075 3 37 748 7 35 352 9
35920
29 305 8
2,442.1
4543
2217.9
1,000.8
1189
37864
31 2142
2 959.7
5093
22605
864.1
1227
3,594.1
3 466.9
29465 28951
3,709.4 3,822.1
14,823.6 16,713.6
1 9970 25435
36749
33 965 0
2 873.1
5796
22528
817.0
1134
38073
31572
4,354.3
18,301.9
28744
1074
896
358
2532
7987
8254
6743
1 ,662.4
1 ,777.2 1971.5
34,883.7 r 37 155.8 33,760 8
, 3 634 3 30841
31 697 0 31,565.7
2,777.7 2,405.2
5645
5067
1,915.9
20361
946.6
923.5
3,751.1
30737
3,930.3
16,816.4
29567
7291
1 061 4
1 304 6
1182
3,873.0
30586
3,973.2
16,350.8
2951 2
1953
31549 31898
34120.1 30,571 0
2,579.1
2,842.5
5727
5809
1 ,968.4 2,004 3
959.7
1,015.1
1221
4,006.9
31295
4,222.5
18,315.0
29633
1229
3,700.3
28791
3,793.2
15,224.0
21484
VALUE OF IMPORTS
[Millions of dollars]
General imports, total @ ..
Seasonally adjusted
Western Europe
European Economic Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kingdom
Eastern Europe
USSR (former)
Western Hemisphere:
Canada
Brazil
Mexico
Venezuela
Asia:
China
Hong Kong .
Japan
Republic of Korea
Saudi Arabia
Singapore
Taiwan
Africa:
Nigeria
Republic of South Africa
Australia
OPEC
By commodity groups and principal commodities:
Petroleum and products
Nonpetroleum products
Food and live animals #
Beverages and tobacco
Crude materials, inedible, exc. fuels #
Mineral fuels lubricants etc
Oils and fats animal and vegetable
Chemicals
Manufactured goods class, chiefly by material
Miscellaneous manufactured articles
Machinery and transport equipment
. .
Motor vehicles and parts
108901 1
91,867.5
45785
131240
28108.7
127233
4,971 .9
20 288 2
22752
1 ,065.4
41 296 8 41 029.9 41,477.8 46 466.0 41 777 9 407583
40,823.4 41 078.2 41,757.3 42,712.2 41,382.4 41 ,674 5
7921 7
1025965
96596 82637 90666
89991 79179
86 480 9
77506 68662 6,520.9 8 094.5 69309 76204
3000
4458
41387
421 7
2173
3397
3126
133721
1 0284 1 0185
1 1533
1 3181
1 0039 1 2627
262293
2,395 5
21535 1 975.6 1,963.1 2,460.5 22176
1 1347
7559 1 0559
1 1 787 4
1 0643
9928 1 0090
534.0
4322
5036
378.2
3653
48270
4503
1 6870 1 421 6 1 5687
185196
1 6026 1 4754 1 5100
1153
1603
1 8098
1742
1598
131 5
1659
8129
844
82.7
38.2
78.1
475
674
1295
44.6
1560
50.2
1408
553
1252
42.1
1566
58.0
2079
94.2
7,688.3
6263
2,615.2
534.9
8,659.8
6246
2,939.1
599.5
8,457.1
5820
2,933 3
554.5
8,502.4
6826
2,951 .9
593.5
8,814.9
701 3
3,161.8
683.9
7,228.0
22222
1 038.8
8,855.3
1 571 1
885.0
937.6
2211 9
1 961 8
8757
7,761.3
1 4596
1 6086
7434
8,063 8
1 4179
1 7039
6374
7,383.5
1 181 3
8051
8152
905.2
1 9855
926.3
20067
1 9038
843.1
7,477.4
1 3683
896.7
859.1
2015.7
1 4368
5926
8,338.0
1 3139
7559
957.9
1 921 1
1 6781
6669
7,776.1
1 3222
7595
838.8
1 8895
1 ,837.2
719.5
7,161.2
1 3358
811.2
848.1
2,024.6
2165.3
846.2
7,548.9
1 4290
1 ,071 .3
1,029.3
2108.0
2,491.4
942.5
8,114.2
1 6456
955.6
893.1
2,209.8
4564
152.5
311.1
2901 6
3945
107.9
304.2
26345
3055
3406
116.7
364.6
25731
1429
4546
21552
2666
129.1
300.6
22606
3494
23986
538.3
137.2
289.2
26175
573.6
176.6
326.8
30756
573.3
145.6
315.5
31281
1 ,959.1
3630
1,119.1
3,992.2
706
2,243.3
4,731.3
7051 2
16,953.4
5,431.0
1,811.0
3496
1,091.5
3,489.9
654
2,150.9
4,463.6
67578
17,199.4
5,523.4
2,021.9
3756
1,179.0
3,748.3
874
2,362.7
5,014.4
7071 6
19,716.6
6331.9
2,050.2
4093
1,185.8
4,220.2
868
2,345.7
5,035.1
68251
19,040.1
6,1285
1,834.3
4656
1,163.2
4,467.9
744
2,134.9
5,060.4
70265
18,342.6
5,973.7
1 ,930.0
1,797.2
5526
1,145.9
5,170.8
745
2,326.3
5,330.3
9171 9
18,508.9
4,951.9
7,480.0
5287
2 660.4
646.9
7,718.8
4948
2,683.5
739.3
8,592.8
152238
94880
89,655.1
184933
99743
9,839.4
226668
189758
92864
91,582.7
170245
109782
9,976.3
23 036 3
1 8153
9096
7 648.7
1 6247
8322
797.3
20652
1 8673
8550
7,757.4
1 4869
1 0290
793.6
21139
1 9323
8860
7,844.2
1 4432
9398
918.3
21490
59772
1 700.6
4,441 .7
380170
53601
1 733.3
4,010.0
32 960 6
501 7
5045
137.0
337.4
28581
3800
116.4
61 3568
433 902 6
21,932.5
46331
14,524.0
64 561 .5
8023
22,468.2
59,914.2
81 477 6
208',095.7
69 382 1
21,952.3
48226
13,079.0
543427
8567
24,168.7
57,418.9
83 389 6
210,786.5
67 525 4
1 ,724.6 1,678.4
4158
3945
1,077.1
1,132.6
42896 4 890.4
624
764
1,918.4
2,075.0
5,140.3 4,590.0
79335 75255
17,185.5 17,489.0
49805 56220
-65 399.0
7852.9 -7,397.2 -7,086.5 -8,569.5 ^,808.3 -5,762.2
-5,633.6 -6,614.0 -6,474.6 -5,870.1 -4,113.4 -5,621.5
380.6
100.2
7,137.5
6229
2,493.0
571.9
6,914.1
5859
24731
787.1
2781 9
1975
7,040.2
5368
2,408 1
6589
91,141.1
67268
31 194.3
8,228.4
340.5
27183
39 867.2 39 099 4 43 252 1 42,877.9 42,084.6 '45,669.4 45,646.7
41 ,265.9 40,948.3 42,668.3 43,469.0 42,859.2 r44,893.2 45,154.1
78676 81632 91896 92906 86825 95744 98889
6,666.0 6,900.7 77473 7,862 8 7,303.3 8,126.7
8,453.3
3755
4045
4928
301 9
381 3
3359
361 3
1 ,289 6
1 0767 1 0829 1 2490 1 4392 1 0440 1 3170
2,000.4 2,027.6 2 396.8 2,4869 2,285.2 2,333.0 2,439.3
1 1682
861 1
9136
8775 1 0842
9573
1 2105
442.1
362.9
367.7
441 8
3691
481.0
519.3
1 511 7 1 5382 1 5744 1 5763 1 ,599.9 1 773.9 1 ,765 9
7,972.1
6497
2,787.4
741.3
91,372.1
79764
30,172.3
9,446.4
1531
5183
3,161.2
670.6
1,743.7 1 ,764.0 1,804.3
3937
5530
421 1
1,080.3 1,095.7
1,057.8
4,631 .5 4,524.1 4,292.8
71 3
819
724
1 ,937.5 2,250.0 1,870.3
4,638.2 5,357.3 4,725.5
77168 89621 7551 2
17,852.8 20,455.4 18,287.3
60794
6981 7
57185
1166
285.5
25325
1,900.2
4531
1,033.2
4,285.0
701
2,202.1
4,501.4
69198
18,233.3
57683
7641
708.3
1 7850
119.7
263.7
1532
6147
1,188.3
4,980.0
1027
2,329.2
5,142.9
81392
19,594.4
5,829.4
6155
2,849.3
737.1
MERCHANDISE TRADE BALANCE
[Millions of dollars]
Trade balance:
Not seasonally adjusted
Seasonally adjusted
[Billions of 1987 dollars)
Seasonally adjusted:
Trade balance
Exports
Imports
See footnotes at end of tables.
-101 7182
-8489
365.65
450.55
-5981
393.15
452.96
S-17
1992
1991
Annual
1990
September 1992 •
-559
-643
-620
-549
-393
32.95
38.53
32.34
38.77
33.06
39.26
34.35
39.84
34.79
38.72
545
33.79
39.24
-5,398.4 -2,239.6 -3,467.8 -5,705.2 -5,388.7 '-6,614.2 -10,139.8
-5,798.7 -3,293.8 -5,583.6 -7,063.2 -7,141.3 '-6,728.6 -7,821.8
-5.77
33.35
39.12
-3.50
35.30
38.81
-5.90
34.74
40.64
-7.12
34.28
41.40
-7.09
33.69
40.77
'-6.28
'36.04
'42.33
-7.12
35.39
42.51
Aug.
SURVEY OF CURRENT BUSINESS
S-18 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
1992
1991
July
1991
Aug.
Sept.
Oct. | Nov.
Dec.
Feb.
Mar. |
1139
1052
1153
1147
108.5
1157
1147
108.5
1157
1146
106.8
1159
1232
1233
Jan.
June
July
1150
107.0
1163
1151
107.6
1163
1151
106.3
1166
1149
102.6
1170
1233
73.8
1320
1246
78.7
1327
1252
78.9
1334
1256
78.1
1340
'201.5
210.4
May |
Apr.
Aug.
7. FOREIGN TRADE OF THE UNITED STATES-Continued
Export and Import Price Indexes
[1985=100]
All exports
Agricultural exports
Nonagricultural exports
1138
108.8
1149
1147
107.0
1161
All irn ports
Petroleum imports
Nonpetroleum imports
1232
87.4
1295
1337
372 052
150737
495,239
283392
1139
103.8
1157
1143
107.1
1155
121 6
1220
1142
1058
1156
1150
109.5
1159
1151
109.2
116 1
1144
1062
1158
1223
1235
1304
1307
1233
72.7
131 4
1238
1305
389 562
32275
33234
36101
13163
32972
12866
32171
162346
12658
14178
448852
41 033
41 121
272 286
23556
23503
40052
23269
37975
25775
762
131 6
719
748
688
1331
1336
1231
66.7
1331
1226
1323
35172
14302
32709
13388
31 791
31 140
32230
13770
13944
14682
14216
30496
13925
34168
22866
37,444
22987
37632
32743
23117
21 217
36,593
22670
38,135
23280
39,406
22686
727
131 7
743
674
655
685
1323
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight thous metric tons
Value mil $
General imports:
Shipping weight thous metric tons
Value mil $
8. TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue) billions
Passenger-load factor percent
Ton-miles (revenue) total millions
Operating revenues (quarterly) mil $ §
Passenger revenues, mil. $
Cargo revenues mil $
Mail revenues mil $
Operating expenses (quarterly) mil $ §
Net income after taxes (quarterly) mil $ §
Domestic operations:
Passenger-miles (revenue), billions
Cargo ton-miles millions
Mail ton-miles millions
Operating revenues (quarterly) mil $ §
Operating expenses (quarterly) mil $ §
Net income after taxes (quarterly) mil $ §
International operations:
Passenger-miles (revenue) billions
Cargo ton-miles millions
Mail ton-miles millions
Operating revenues (quarterly) mil $ §
Operating expenses (quarterly) mil $ §
Net income after taxes (quarterly) mil $ §
Urban Transit Industry
Passengers carried total millions
Motor Carriers
Carriers of property, large, class 1, qtrly.:
Number of reporting carriers number
Operating revenues total m/7 $
Net income, after extraordinary and prior period
charges and credits mil $
Tonnage hauled (revenue), common and contract
carrier service mil tons
Freight carried—volume indexes, class 1 and II
intercity truck tonnage (ATA):
Common carriers of general freight, seas, adj.,
1 967- 1 00
Class I Railroads *
Financial operations, quarterly (AAR), excluding
Amtrak:
Operating revenues total mil $ #
Freight mil $
Passenger excl Amtrak mil $
Operating expenses mil $
Net railway operating income mil $
Ordinary income mil $ t
Traffic:
Revenue ton-miles qtrly (AAR) billions
Producer Price Index, line haul operations, 12/
84=100
Travel
Lodging industry:
Restaurant sales index same month 1967-100
Hotels' Average room sale dollars 0
Rooms occupied % of total
Motor hotels' Average room sale dollars 0
Rooms occupied % of total
Economy hotels1 Average room sale dollars 0
Rooms occupied % of total
Foreign travel:
U S citizens' Arrivals (quarterly) thousands
Departures (quarterly) thousands
Aliens' Arrivals (quarterly) thousands
Departures (quarterly) thousands
Passports issued thousands
National parks, recreation visits, thousands ##
See footnotes at end of tables.
45793
624
58342
75984
58,430
5432
970
77898
-3995
340.23
5075
1 489
57994
58983
44780
4403
4675
3694
3808
3378
3748
3404
32.58
38.26
36.08
626
680
71 2
61 2
61 7
584
625
565
574
625
600
61 7
4958
4479
4343
4211
4922
4667
4929
56889
5426
5728
75023
57055
5508
4702
4798
20013
15,638
18409
14,064
1 421
1 497
1 391
944
217
258
276
19689
19243
19,292
-1 986
-135
-877
-593
1 411
31.63
412
106
33.05
25.76
27.66
24.98
439
115
418
104
477
123
444
120
28.12
398
166
56165
56691
14360
14144
13996
14220
3411
1 271
168
537
11770
5,471
513
17990
18914
11539
-584
18,830
14,550
76815
332.41
4946
5259
493
1241
466
38
1370
458
42
11 18
446
39
1042
507
43
880
488
49
5653
5545
18858
20124
715
32
674
681
766
698
935
427
60
24.50
23.84
28.00
26.38
27.84
383
126
391
118
434
127
428
130
435
122
14313
14249
-48
954
390
39
874
407
37
1026
496
39
4413
4,518
5,022
5,043
-340
-545
675
680
649
8484
100
21 810
100
100
100
100
22091
5777
5840
5553
442
314
143
58
82
45
47
47
172
178
1748
1821
'28516
1880
1895
1882
189.6
189.4
185.0
1960
193.9
970
463
39
1071
480
38
715
8671
668
38.55
198.3
202.6
202.8
7,133
7,049
7,001
6908
6831
6794
24
23
24
6763
8452
6158
6,664
-38
-92
253
148
-826
-745
595
587
265
162
1 0340
1 0398
2660
2670
265.3
1075
109.3
27845
26949
7093
6870
94
94
24
1 24 736
28062
2676
1
27 616
J
!
1 1 953
1
109.6
109.3
109.2
109.3
109.4
109.3
109.5
109.9
109.9
r
109.7
109.9
258.8
109.8
2
79.4
109.8
2
105.2
110.0
19 505
1 19022
1
16 908
1
15 024
3,689
3376
315
249
249
56,948
56,750
10,624
10,606
6,686
293
4,913
359
2,070
204
1,565
248
1,594
275
1,715
340
347
2,325
"3,327
313
r
5,109
r
367
308
7,730
9,304
243
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
September 1992 •
1992
1991
1991
July
Aug.
Sept.
Oct.
Nov. | Dec.
Jan.
Feb.
Mar.
Apr.
May
June
8. TRANSPORTATION AND COMMUNICATION-Continued
COMMUNICATION
Telephone carriers:
Operating revenues mil $ #
Station revenues mil $ .
Tolls message mil $
Operating expenses (excluding taxes) mil $
Net operating income (after taxes), mil. $
Access lines millions
9. CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
[Thousands of short tons, unless otherwise indicated]
Production:
Aluminum sulfate commercial (17% A^Os)
Chlorine gas (100% CI2)
Hydrochloric acid (100% HCI)
Phosphorus elemental
Sodium hydroxide (100% NaOH)
Sodium silicate, anhydrous
Sodium sulfate (100% Na2S04)
Sodium tripolyphosphate (100% Na5P3Oi0)
Titanium dioxide (composite and pure)
Sulfur, native (Frasch) and recovered:
Production thous metric tons
Stocks (producers') end of period, thous. metric
tons
Inorganic Fertilizer Materials
[Thousands of short tons, unless otherwise indicated]
Production:
Ammonia, synthetic anhydrous
Ammonium nitrate, original solution
Ammonium sulfate
Nitric acid (100% HN03)
Nitrogen solutions (100% N)
Phosphoric acid (100% P205)
Sulfuricacid (100% H2S04)
Superphosphate and other phosphatic fertilizers
(gross weight):
Production
Stocks, end of period
Potash sales (K20)
Imports:
Ammonium nitrate thous metric tons
Ammonium sulfate thous metric tons
Potassium chloride thous metric tons
Sodium nitrate, thous. metric tons
1 227
11,810
3013
346
12030
879
786
532
1,077
1 180
11 324
2799
312
12197
993
768
10262
9494
1,423
1,499
16,958
7,107
2495
7,749
2853
12,175
44,281
17020
7,310
2230
7524
3137
12342
43,308
18,887
738
5700
19418
689
5460
5207
147,840
749,525
462 293
4567
141 844
786,727
471 216
M28
124.3
2 908 5
286.5
1
3 622 2
1
426.7
M94
M261
2 913 7
2981
1
3 925 3
1
396.3
1 1073
368
1 1988
374
91 8
58.7
996
49.6
1000
36.3
1069
32.6
101 9
36.2
5949
6457
297.9
17.2
6649
7027
3546
8.8
51 9
530
30.7
11.2
562
77.0
31.2
12.1
583
60.1
32.8
9.6
596
48.1
20.3
10.3
556
56.9
31.5
9.1
287
2,849
724
70
3044
214
170
319
2268
728
72
3129
243
180
(4)
273
1,093
837
1,460
771
778
1,257
1470
687
4889
686
346
(2)
2,699
655
76
2918
223
168
n
(4)
291
760
1,415
754
1,302
4212
1,735
537
1807
743
3119
11,025
236
279
791
818
748
1,499
1,184
1,209
304
4,915
701
454
1,130
r
758
1,061
r
799
1,035
798
1,018
4592
1,836
569
1,915
764
3,231
11,093
4176
1,770
543
1,801
758
3,145
10,916
388
797
680
5,009
700
526
406
779
848
261
33.2
7908
23.8
9682
95.3
Industrial Gases
[Millions of cubic feet]
Production:
Acetylene
Hydrogen (high and low purity)
Nitrogen (high and low purity)
Oxygen (high and low purity)
Organic Chemicals §
[Thousands of metric tons, unless otherwise indicated]
Production:
Acetylsalicylic acid (aspirin)
Ethyl acetate
.
Formaldehyde (37% HCHO)
Glycerin refined all grades mil Ib. 0
Methanol synthetic
Phthalic anhydride
1
1
1 109
34981
195,905
116404
1 187
35,776
196,110
117003
1 216
39111
196,645
120764
3
57
29.9
7795
69.2
9956
103.3
(3)
32.7
741 6
77.6
9826
99.9
1
(3)
27.5
29.0
337
7884
28.9
r
9994
102.3
26.9
'23.0
111 4
37.4
111 7
39.1
1055
27.8
1156
39.2
1095
37.3
1126
24.0
623
61.2
33.0
8.8
661
61.8
33.6
12.3
477
39.8
12.3
15.1
61 7
61.3
31.5
19.2
542
50.6
27.3
19.9
337
30.8
13.7
19.9
r
ALCOHOL
Ethyl alcohol and spirits:
Production mil tax pal
Stocks end of period mil tax gal
Denatured alcohol:
Production mil wine oal
Consumption (withdrawals) mil wine gal
For fuel use mil wine gal
Stocks, end of oeriod. m/7. wine aal.
See footnotes at end of tables.
S-19
July
Aug.
SURVEY OF CURRENT BUSINESS
S-20 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
Annual
1990
|
1991
1991
July | Aug.
Sept.
1992
Oct.
Nov.
Jan. |
Dec.
Mar. |
Feb.
Apr.
May |
June
9. CHEMICALS AND ALLIED PRODUCTS-Continued
PLASTICS AND RESIN MATERIALS
[Thousands of metric tons]
Production:
Phenolic resins
Polyethylene and copolymers
Polypropylene
Polystyrene and copolymers
Polyvinyl chloride and copolymers
2
943 8
1
8,550.5
1
3 524 7
2
4,6241
1
'75140
1
3 397 2
1 8253
8851
19180
8592
r
1 8429
8143
1 7872
901 8
1
3,977.4
1,039.2
1,027.6
r
1,628.2
1 ,381 .7
11,761.6
4,862.1
41105
2,789.1
11,391.3
4,653.3
42425
2,495.4
3,123.0
1,336.4
1 0935
693.1
2611 2
935.5
1 095 6
5801
4,1 12.9
PAINTS, VARNISH, AND LACQUER
[Millions of dollars]
Total shipments
Architectural coatings
Product coatings (OEM)
Special purpose coatings
27702
1,066.4
1 1307
5731
10. ELECTRIC POWER AND GAS
ELECTRIC POWER
[Millions of kilowatt-hours, unless otherwise
indicated]
Production:
Electric utilities, total
By fuels
By waterpower
Sales to ultimate customers, total (Edison Electric
Institute)
Commercial §
Industrial §
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
Revenue from sales to ultimate customers (Edison
Electric Institute) mil $
271,787
247 537
24250
267818
246 071
21747
233,710
215283
18428
2,808,151
2 528 225
279 926
2,823,025
2 547 508
275516
223,258
205 720
17538
2 667 321
734584
926161
5297
910,296
14895
72,399
3689
2710674
749 686
921 552
5420
938,517
15204
76,713
3582
745612
209 303
241 455
1 312
268,941
3465
20,185
950
652 498
180292
229825
1 348
217,039
4049
18966
980
666 891
178371
223865
1 410
239,100
3984
19,373
787
175503
183361
53094
43078
44131
54539
50058
4269
165
48
9,846
4,471
2193
1 890
1 120
171
45174
25014
10,610
6034
2963
553
55442
50883
4340
171
49
9,937
4,639
2241
1 754
1 122
181
45316
26,060
10,802
5372
2537
545
54916
50440
4257
169
50
1,434
389
251
375
388
31
5863
2,719
1,218
1 025
831
70
54442
50883
4340
171
49
2,929
1,447
674
481
274
53
13368
7,871
3,158
1 525
649
165
221 203
202 904
18299
233585
211 710
21 873
243 877
??? 34?
21 535
217,756
199798
17958
GAS
Total utility gas, quarterly (American Gas
Association):
Customers end of period total thousands @
Residential
Commercial
Industrial @
Other
Sales to customers total tril Btu
Residential
Commercial
Industrial
Electric generation
Other
Revenue from sales to customers total mil $
Residential
Commercial
Industrial
Electric generation
Other
11. FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production mil bbl
Taxable withdrawals mil bbl . . .
Stocks end of period mil bbl
Distilled spirits (total):
Production mil tax gal
Consumption, apparent, for beverage
purposes mil. wine gal.
Stocks end of period mil tax gal
Imports mil proof liters .
Whisky:
Production mil tax gal
Stocks end of period mil tax gal
Imports mil proof liters
Wines and distilling materials:
Effervescent wines:
Production mil wine gal
Taxable withdrawals mil wine gal
Stocks end of period mil wine oal
Imports mil liters
Still wines:
Production mil wine gal
Taxable withdrawals mil wine gal
Stocks end of period mil wine gal
Imports mil liters
Distilling materials produced at wineries, mil.
wine oal
See footnotes at end of tables.
20365
184.51
1268
1988
17.88
1496
640
3.59
7.93
14.43
8.52
9.09
346.30
29.10
441.96
28.25
438.74
26.80
422.30
30.70
437.39
33.16
437.52
39.63
402.10
4.60
38276
2.38
37944
4.95
367.58
6.66
375.75
5.06
37533
7.31
341 87
11834
374.41
422.49
1447
13.42
1323
20219
180.99
1264
79.91
371 60
1863
17.39
1427
1611
14.51
1403
1665
15.13
1375
1364
12.84
1264
1610
13.60
1600
1806
15.65
1479
1800
15.53
1529
1889
16.46
1545
1023
9.09
9.58
11 01
718
23.39
437.80
24.34
435.43
438.93
442.31
391.96
7.09
37729
6.60
37795
6.94
38072
6.18
38075
4.70
331 59
1565
13.78
1329
2635
2550
1760
2276
2380
1609
259
1 10
1881
287
1 63
2024
259
288
2046
391
443
1804
252
338
1630
1 02
247
1609
223
1 08
1679
1 51
93
1782
1 91
1 17
1767
1 82
1 55
2290
1 04
1 53
1777
42715
41725
57636
39439
37641
58009
1 41
3016
39436
934
31 29
41534
12830
3022
51866
13790
3237
527.91
6071
3337
554.64
3329
3246
58009
695
3322
57349
4.69
3062
57227
3.33
3517
51682
2.74
3475
511.96
5.02
3235
503.61
108.07
110.73
3.39
4.23
32.35
33.07
10.69
4.41
7.02
10.68
4.08
2.32
3.36
July
Aug.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1991
July
Aug. |
Sept.
S-21
1992
1991
Annual
1990
September 1992 •
Oct.
Nov.
Dec.
Jan. |
Feb. |
Mar. | Apr.
May
June
July
Aug.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
DAIRY PRODUCTS
Butter:
Production (factory), mil. Ib
Stocks, cold storage, end of period, mil. Ib.
Producer Price Index, 1982-100
Cheese:
Production (factory) total mil Ib
American, whole milk, mil. Ib.
Stocks, cold storage, end of period, mil. Ib
American, whole milk, mil Ib.
Imports thous metric tons
Price, wholesale, Cheddar, single daisies (Chicago),
$ per Ib
Condensed and evaporated milk:
Production, case goods mil. Ib
Stocks, manufacturers', case goods, end of period,
mil Ib
Exports, thous. metric tons
Fluid milk:
Production on farms mil Ib t
Utilization in manufactured dairy products mil Ib. .
Price, wholesale, U.S. average, $ per 100 Ib
Dry milk:
Production:
Dry whole milk mil Ib
Nonfat dry milk (human food), m/7. Ib
Stocks, manufacturers', end of period:
Dry whole milk mil Ib
Nonfat dry milk (human food), mil Ib
Exports, whole and nonfat (human food), thous.
metric tons
Price, manufacturers' average selling, nonfat dry
milk (human food) $ per Ib
1,3022
416.1
713
1 3363
539.4
695
86.4
82.3
81.9
659.8
629.4
70.4
70.4
597.2
704
102.3
567.1
740
60612
2,890.8
457.8
3472
60908
2,804.9
415.3
4995
228.8
511.5
4029
4982
223.7
494.1
3922
4850
211.0
477.9
3740
521 0
226.4
429.3
3378
3178
6026
5431
581
347
125772
89998
13.74
125683
90451
12.26
1008
1294
543.0
744
539.4
703
5023
218.3
409.0
5337
247.7
415.3
3191
3178
119.7
701.7
60.7
118.3
734.1
103.2
766.2
" 780.6
744.0
60.1
55.6
55.7
56.0
5427
246.4
449.0
335.5
5347
244.9
450.0
334.7
5509
261.8
459.1
343.5
5480
259.7
465.2
343.4
156.0
568.6
132.0
630.3
129.9
655.7
68.1
60.6
60.7
5141
4971
245.5
438.8
3387
231.3
445.9
3480
r
96.8
546.0
259.3
M97.1
r
369.9
468
420
468
391
439
46.3
45.5
524
54.0
54.7
52.4
50.7
1102
111 1
959
663
442
347
506
587
61 0
607
738
826
82.9
10472
10352
7253
12.40
9927
6786
12.80
10212
7245
13.50
9926
6725
13.90
10418
7602
13.80
10684
8,162
13.50
10230
7620
12.90
11 092
8,244
12.50
10866
8,045
12.50
11 258
8,376
12.90
10868
8,235
13.20
98
11 0
487
91
53.3
90
860
103
802
78.1
422
7481
11.80
92
107
11 8
131
145
82.8
82.2
89.2
81.3
r
487.3
362.4
10 939
10773
13.40
* 13.50
1751
1068
8792
8775
93
669
54.6
11 2
85
61 0
63
698
39.6
85
61 0
70
608
12.4
48.7
64
369
109
68.7
64.5
62.4
66.2
76.3
98.4
112.5
.893
884
.895
893
966
.991
.993
.921
.932
.924
1.011
1.071
1.092
1.132
1148
1151
107.9
96.4
88.3
835
79.1
101.3
101.1
1146
948
105
61
43.3
56
60
68
72
92
86
13.7
76.0
GRAIN AND GRAIN PRODUCTS
Exports (barley corn oats rye wheat) mil bu
Barley:
Production (crop estimate) mil metric tons
Stocks (domestic), end of period, total, mil. metric
tons
On farms mil metric tons .
Off farms mil, metric tons
Exports including malt thous metric tons §
Producer Price Index, No. 2 feed, Minneapolis,
1982-100
Corn:
Production (crop estimate, grain only), mil. metric
tons
Stocks (domestic), end of period, total, m/7. metric
tons
On farms mil metric tons
Off farms mil metric tons
Exports including meal and flour mil. metric tons
Producer Price Index, No. 2, Chicago, 1982=100 ...
Oats:
Production (crop estimate) mil metric tons
Stocks (domestic), end of period, total, mil. metric
tons
On farms mil metric tons .
Off farms mil metric tons
Exports including oatmeal metric tons
Producer Price Index, No. 2, Minneapolis,
1982=100
Rice:
Production (crop estimate) mil metric tons
Southern States mills:
Receipts rough from producers mil Ib
Shipments from mills milled rice mil Ib
Stocks, domestic, rough and cleaned (cleaned
basis) end of period mil Ib
Exports thous metric tons
Producer Price Index, medium grain, milled,
1982-100
Rye:
Production (crop estimate) mil metric tons
Producer Price Index, No. 2, Minneapolis,
1982=100
Wheat:
Production (crop estimate) total m/7 metric tons
Spring wheat mil metric tons
Winter wheat mil metric tons
Distribution Quarterly mil metric tons @
Stocks (domestic), end of period, total, mil. metric
tons
On farms mil metric tons
Off farms mil metric tons
Exports total including flour mil metric tons
Wheat onlv. mil. bu
See footnotes at end of tables.
2
9192
2
10113
6 656
6
3 841
62816
6
7150
6
1170
1083
6
2
201 53
2
6
176 29
123 80
6
52 49
6
6
5189
5
5
5
2 278
1203
1.075
4.274
2876
101 9
97.0
2
90.2
100.4
97.4
5
1151
1174
1169
97.1
97.5
3
11585
6630
4955
95.5
100.8
102.2
3
69 56
3855
31 02
3
108.9
102.9.
104.6
5
107.0
704
.954
785
792
936
91 1
821
888
882
605
779
554
550
542
500
464
672
471
562
569
440
554
514
513
490
475
2027
2277
2089
1 904
1 788
1 177
1 538
1 249
1 112
970
108.9
109.5
109.6
111.3
109.4
111.9
112.1
112.4
111.1
104.1
99.7
703
73.3
83.5
518
1 904
729
719
102.4
110.2
114.5
2 258
2 248
615
7 006
10150
2106
745
763
2871
2
1 839
5
.885
5
712
514
665
6214
1152
485
1 341
1.144
289
451
5193
6
20 77
6
31 16
1139
1848
3 520
6614
74 47
2
19 20
2
55 27
1123
2.831
.983
4
4
5
2
5
71.1
2
1170
16615
10909
5707
740
7 080
1134
]
3864
M756
J
21 08
655
10351
6942
6
966
4
4700
2.221
2480
7150
189 86
16615
109 09
6
57 07
761
2
940
6
100.9
2
9579
5900
3678
4 274
2 876
6
1457
879
850
74.7
2
53 91
2
16 56
2
37 34
6743
6
39 29
61537
6
23 91
2215
1645
1548
55.54
2253
3300
39.29
24.15
750
16.65
1537
23.91
1289
4
12.85
4
3 94
4
8.92
SURVEY OF CURRENT BUSINESS
5-22 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1992
1991
Annual
| 1991
1990
July | Aug.
Nov. |
Oct.
Sept.
Dec.
Jan. | Feb.
Mar.
Apr. I
May
June
July
Aug.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat-Continued
Producer Price Indexes:
Hard red winter, No. 1, ord. protein (K.C.),
1982=100
Hard red spring, No. 1, ord. protein (Minn.),
1982=100
Wheat flour:
Production:
Flour thous sacks (100 Ib)
Millfeed thous. sh. tons
Grindings of wheat thous bu
Stocks held by mills, end of period, thous. sacks
(100 Ib)
Exports, thous. metric tons
Producer Price Index, 6/83=100
.
863
781
691
775
805
890
905
982
1055
1134
1066
101 0
978
104.0
88.9
81.2
91 1
821
730
795
841
927
932
101 8
1074
1175
1123
1079
111 7
1181
100.3
949
29445
526
65965
29498
534
66157
29542
529
65701
29438
527
66313
29152
521
65806
109.0
110.8
104.6
98.9
354348
6109
788186
r
r
362 311
r
6436
808 966
6267
5660
100.2
94.5
r
29 177
r
r
518
65 260
r
r
31 825
r
570
71 169
r
r
30 089
r
537
67 703
r
r
r
r
32 246
r
582
72219
32 735
r
594
73 445
6336
r
29 238
r
527
65 656
r
5522
5660
29060
521
65735
6083
91.3
94.1
96.3
100.1
97.5
102.7
109.7
116.4
111.5
110.3
2175
2233
2040
2363
1 958
1 982
2225
1 950
2,172
2,169
2,166
2,312
2,329
1 003
667
990
653
644
305
579
264
650
325
681
354
700
393
754
430
808
487
920
580
1015
'662
1,026
675
.340
POULTRY AND EGGS
Poultry:
Slaughter mil Ib
Stocks, cold storage (frozen), end of period, total,
mil Ib
Turkeys, mil. Ib.
Price, in Georgia producing area, live broilers, $
per Ib
Eggs:
Production on farms mil cases §
Stocks, cold storage, end of period:
Shell thous. cases §
Frozen, mil. Ib
Price, wholesale, large (delivered; Chicago), $ per
doz
r
r
23740
24966
562
306
579
264
892
571
949
626
.310
.295
315
.310
.310
.300
.280
.275
.280
.280
.285
.285
.305
.305
.330
1886
15.8
16.4
191 6
161
162
157
164
161
167
164
154
168
162
164
15
15
21
16
13
18
10
16
13
16
16
17
12
15
21
16
20
20
25
19
28
20
27
19
34
19
760
714
731
.739
591
1 742
32391
1 398
31 887
131
30
21
r
29
19
.557
.557
.574
.520
.560
.530
128
2856
111
2377
120
2599
108
2525
103
2688
105
2863
106
2802
8144
7,153
7,934
7,610
6,897
7,166
7,461
16.6
15.2
16.1
15.6
16.4
18.1
18.8
"19.1
449
471
469
422
481
503
374
419
427
.713
.688
.679
.687
108
2784
108
2843
115
2635
127
2855
125
2508
2491
7889
7225
9215
9581
6734
9006
69 18
8974
7093
8860
6557
7098
7177
8292
7744
7708
5574
51 11
4676
4351
3829
23.9
22.0
19.9
18.9
16.6
22
20
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves thous animals
Cattle thous animals
Prices, wholesale:
Bggf steers $ per 100 Ib
Steers stacker and feeder $ per 100 Ib
Calves vealers (So St Paul) dollars
Hogs:
Slaughter (federally inspected) thous animals
Prices:
Wholesale, average, all weights (Sioux City), $
per 100 Ib
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slauohter (federally inspected) thous animals
Price, wholesale, lambs, avg. (San Angelo, TX),
$oer100lb *
82901
85952
5472
22.5
21.4
5469
5504
5404
456
501
5542
5431
5325
51 20
431
438
20.8
MEATS
Total meats (excluding lard):
Production mil Ib
Stocks cold storage end of period, mil. Ib
Exports (meats and meat preparations), thous.
metric tons
Imports (meats and meat preparations), thous.
metric tons
Beef and veal:
Production total mil Ib
Stocks cold storage, end of period, mil. Ib
38606
566
39584
662
3253
590
3425
578
3,308
593
3708
633
3324
650
3284
662
3622
708
3,088
691
3,376
725
3,259
707
3,235
692
3,422
669
3,441
'646
595
22950
306
23223
292
2018
2,099
265
1,964
282
2142
1839
1 809
292
2067
336
1,732
306
1,876
320
1,811
309
1,924
310
2,063
306
2,039
r
300
293
357
8
362
6
28
27
6
15,299
234
16,000
311
1,207
278
118.6
114.6
303
313
29
(
32
6
29
31
6
31
28
32
8
33
c
25
10
27
11
27
M2
10
1,299
282
1,316
281
1,534
300
1,456
308
1,444
311
1,524
341
1,329
353
1,467
372
1,414
363
1,287
345
1,332
323
1,374
r
307
269
114.1
115.8
113.8
117.1
115.8
114.7
105.2
104.2
105.9
105.6
104.3
105.2
108.4
1 2173
1 1754
1 0585
1 0087
279
Exports thous metric tons
Imports thous metric tons
Price, wholesale, beef, fresh steer carcasses,
choice (600-700 Ibs )(Central US) $ per Ib
Lamb and mutton:
Production total mil Ib
Stocks, cold storage, end of period, mil. Ib.
Pork (excluding lard):
Production total, mil. Ib
Stocks cold storage end of period mil Ib
Exports thous metric tons
Imports thous metric tons
Prices:
Producer Price Index, hams and picnics, except
canned, 12/88=100 *
Fresh loins, 8-14 Ib. average, wholesale
(Omaha) $perlb *
1 1752
r
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports (including shells),
thous metric tons
Coffee:
Imports total metric tons
From Brazil metric tons
U S Import Price Index 1985=100
Fish:
Stocks, cold storaae. end of oeriod. mil. Ib.
See footnotes at end of tables.
593
546
343
380
524
532
344
351
387
385
394
380
41.7
47.1
372
344
326
321
313
305
332
108.1
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
September 1992 •
1991
1991
July
Aug. |
Sept.
S-23
1992
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
112.4
120.1
112.6
120.2
Apr.
May
112.4
120.2
111.3
120.4
June
July |
Aug.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continuetf
MISCELLANEOUS FOOD PRODUCTS-Continued
Sugar:
Exports, raw and refined, metric tons
Imports, raw and refined thous metric tons
Producer Price Indexes:
Raw (cane) 1982-100
Refined, 1982-100
Tea, imports, metric tons
119.2
122.7
113.7
121.6
112.9
121.4
114.1
121.4
114.1
121.2
114.2
120.8
114.4
120.6
113.5
120.4
112.6
120.0
r
r
110.4
120.4
110.4
120.4
111.7
120.9
TOBACCO
Leaf:
Production (crop estimate) mil Ib
Stocks, dealers' and manufacturers', end of period,
mil. Ib
Exports, incl. scrap and stems metric tons
Imports, incl. scrap and stems, metric tons
Manufactured products:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt millions
Taxable millions
Cigars (large), taxable, millions
Exports cigarettes millions
1
1
1,626
1,660
3,674
3,744
178,742
523,094
2,233
193,778
516,338
2,133
3,428
13,686
44,037
170
16,549
42,337
206
20,974
43,430
193
3,744
18,535
40,464
193
15,542
57,123
191
3,560
15,781
32,744
157
8,173
35,718
139
13,777
39,584
156
11,040
48,518
181
12,572
'43,622
162
13,896
39,012
165
162.8
161.3
161.8
163.4
'162.8
164.2
163.9
164.2
163.2
r
143.7
1265
120.4
143.7
126.6
121.5
144.0
126.4
121.5
145.0
126.7
121.5
3632
931
2,701
r
3,565
869
r
2696
3879
960
2,919
3,903
899
3004
12. LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather, thous sq ft.
Producer Price Index, leather, 1982=100
177.6
168.4
167.7
201,648
168,633
41,859
40903
41,809
41,184
33,436
3405
2482
29,126
9,113
3620
525
28537
8,803
3563
519
29,569
8,585
3,655
494
135.8
1209
1134
141.0
1240
1152
165.8
163.4
161.5
162.4
LEATHER MANUFACTURES
Footwear:
Production, total, thous. pairs
Shoes, sandals, and play shoes, except athletic,
thous. pairs
Slippers, thous. pairs
Athletic thous. pairs
Other footwear thous pairs
Exports thous pairs
Producer Price Indexes:
Men's leather upper, dress and casual,
1982=100
Women's leather upper 1982=100
Women's plastic upper 1982=100
141.4
1246
116.8
141.7
1247
116.8
141.7
1247
116.8
140.8
1247
116.9
141.4
1245
1169
142.2
1245
1169
144.6
1251
117.1
145.0
1262
1199
143.8
1261
1199
143.8
1264
119.7
r
13. LUMBER AND PRODUCTS
LUMBER-ALL TYPES #
[Millions of board feet, unless otherwise indicated]
National Forest Products Association:
Production total
Hardwoods
Softwoods
Shipments total
Hardwoods
Softwoods
Stocks (gross) mill end of period total
Hardwoods
Softwoods
Exports total sawmill products
Imports total sawmill products thous cubic meters
2
r
r
58834
10213
33763
43860
9844
34016
3664
846
2818
3412
775
2637
3808
863
2,945
3926
890
3036
3682
825
2,857
3,676
813
2863
3933
937
2,996
4,012
966
3046
3473
828
2645
3477
808
2669
3254
816
2438
3370
843
2527
3836
862
2974
3912
894
3018
3628
831
2,797
3,693
860
2833
4121
952
3,169
4,078
951
3127
3862
962
2900
3,682
904
2778
4734
4,616
4,684
4,793
4,786
4,741
4,710
4,616
4,603
4,567
4,608
4,730
4,731
4,678
8749
452
8,751
8798
772
8009
504
7,908
7957
723
547
476
640
600
788
669
447
671
698
761
655
449
644
653
752
665
468
675
646
781
612
451
621
629
773
683
504
580
630
723
734
586
654
652
725
532
481
641
637
729
750
528
748
703
774
626
542
643
612
805
617
465
644
694
669
739
532
659
676
745
599
492
642
639
748
138.0
139.6
161.6
131.7
139.2
137.3
138.0
143.3
148.7
169.8
'171.1
168.2
161.0
166.8
54 638
9 480
45 159
2
46 083
2
10 102
2
35 981
2
2
r
SOFTWOODS
[Millions of board feet, unless otherwise indicated]
Douglas fir:
Orders new
Orders unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
Exports total sawmill products thous cubic meters
Sawed timber thous cubic meters
Boards, planks, scantlings, etc., thous. cubic
meters
Producer Price Index, Douglas fir, dressed,
1982=100
See footnotes at end of tables.
164.1
171.5
SURVEY OF CURRENT BUSINESS
S-24 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1992
1991
Annual
1990
| 1991
July
Aug. |
Sept.
Oct.
Nov.
Dec.
Feb.
Mar.
Apr.
1 425
758
1 250
1 288
1 072
709
1 083
1 126
1 201
719
1 177
1 189
1 086
674
1 180
1 134
2125
2081
2069
Jan.
May |
June
July
Aug.
13. LUMBER AND PRODUCTS-Continued
SOFTWOODS-Continued
[Millions of board feet, unless otherwise indicated]
Southern pine:
Orders new
Orders unfilled, end of period
Production
Shipments
Stocks (gross), mill and concentration yards, end of
period
Exports total sawmill products cubic meters
Producer Price Index, southern pine, dressed,
1982-100
Western pine:
Orders, new
Orders unfilled end of period
Production
Shipments
Stocks (gross), mill, end of period
Producer Price Index, other softwood, dressed,
1982-100
1
12 827
697
1 12911
1
12,763
2197
111 0
12287
571
12367
12415
909
641
1 021
950
1 113
666
1 049
1 091
1 070
678
1 039
1 060
1 169
648
1 169
1 204
1 003
671
992
972
2134
1 973
2122
2102
2071
2084
740
571
903
849
2134
r
r
1 035
684
"1 067
r
1 024
1 231
741
1 140
1 174
2114
2158
2125
1357
1340
1261
1233
669
470
755
723
1,217
746
441
790
774
1,274
891
471
832
863
1,200
690
442
743
719
1,224
170.7
168.8
160.6
154.5
148.5
14.1
20.1
111 0
1245
1126
110 1
1093
111 0
1137
1177
1285
1339
9535
493
879
529
891
895
1,281
853
543
854
839
1 296
868
552
818
859
1,255
732
536
743
748
1,250
699
493
688
742
1,196
841
577
736
757
1,175
695
523
756
749
1,182
878
524
880
877
1,185
1322
1294
1284
130.1
135.2
142.5
1570
1673
150
158
163
182
182
177
147
137
147
16.6
16.1
19.1
16.3
19.4
18.4
16.5
18.5
17.3
10,582
483
10452
10,605
1,211
9510
9525
1,196
755
545
826
759
1 285
126.3
130.0
1440
83
205.3
100
158
199.9
77
r
1273
HARDWOOD FLOORING
[Millions of board feet]
Oak:
Orders unfilled, end of period
Shipments
Stocks (gross), mill end of period
11 0
115
13.8
17.3
101
99
131
180
89
131
186
84
80
77
76
77
68
71
82
73
70
75
14. METALS AND MANUFACTURES
IRON AND STEEL
[Thousands of short tons]
Exports:
Steel mill products
Scrap
Pig iron
4,303
12765
16
6346
10301
17
627
857
2
495
723
1
606
585
2
486
668
1
427
973
4
447
676
3
427
779
3
362
917
4
357
744
4
389
707
2
369
969
2
376
775
2
297
937
1
Imports:
Steel mill products
Scrap
Pig iron
17,162
1 424
383
15741
1 183
479
1 395
114
30
1 032
101
39
1,152
105
25
1 230
123
52
1 312
98
43
1 325
108
33
1 576
83
4
1 132
84
69
1 288
125
75
1 584
112
18
1 425
165
21
1,394
90
61
1,390
90
37
23083
39624
63705
3989
21 300
35773
57828
4250
1 713
2957
4763
3907
1 697
3 143
4924
3862
1 724
Mil
3333
5109
1 907
3409
5392
3877
1 845
3333
5226
4243
1 901
2530
5520
3831
4880
4250
1 846
3526
5249
4285
3415
4996
1 761
3045
4855
3937
1 704
3170
4210
4190
4170
1 824
3465
5384
4 149
105.46
91 79
8581
88.79
9022
89.12
8480
84.32
84.32
85.14
86.61
8724
85.90
83.72
56408
57010
18,054
55516
54967
13335
4218
5210
4290
4673
1,494
4840
5835
1,445
4735
2480
752
4376
1,745
367
4412
4845
5133
4624
5506
1 180
4844
5963
1,367
4582
5328
1 395
2532
386
5431
5941
759
6056
1,564
73,797
73681
3,199
21 569
4,795
15910
2273
65133
63658
4,045
25445
4,853
17611
6,612
5669
1,020
25117
6,256
16,711
2,897
5776
231
24527
7,131
14843
2553
2,156
5720
75
23162
9,864
11 309
1 989
2,836
5970
6,997
5823
540
21 501
10,236
7,565
5588
20922
11,745
5,604
5809
475
20550
11,159
8175
7991
2981
7,075
5579
723
25148
7,096
15,768
2284
6,232
356
23319
8,510
13044
1 765
1 002
1 400
9161
2104
54,925
50,019
130
48,503
44638
214
4,179
3954
151
4,175
3,960
157
4,251
3,989
166
4,390
4228
227
4,175
4,524
4379
184
4,400
4290
211
4,444
4307
222
Iron and Steel Scrap
[Thousands of metric tons, unless otherwise indicated]
Production
Receipts net
Consumption
..
.
.
Stocks end of period
Composite price, No. 1 heavy melting scrap:
American Metal Market 5 per metric ton
Ore
[Thousands of metric tons]
Iron ore (operations in all U.S. districts):
Mine production
Shipments from mines
Imports
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports (domestic)
Stocks total end of period
At mines
At furnace yards
At U S docks
Manganese (manganese content) general imports
Pig Iron and Iron Products
[Thousands of short tons, unless otherwise indicated]
Pig iron:
Production (including production of ferroalloys)
Consumption thous metric tons
Stocks, end of period, thous. metric tons
Castings, gray and ductile iron:
Shipments total
For sale
Castings, malleable iron:
Shipments, total
For sale
See footnotes at end of tables.
r
8259
6,270
r
r
290
M69
7174
5,391
261
140
6765
6617
5514
5564
109
24329
8,305
14098
1 926
4,121
3961
159
5421
1,168
2150
6,065
5739
278
25358
5,873
17030
2455
4,300
3,712
202
1 736
3132
5641
158
25445
4,853
17611
2981
4,338
3830
214
r
4157
219
5432
83.66
22492
9,027
11 157
2308
4,232
4162
211
4,347
4,299
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
September 1992 •
Annual
1990
S-25
1992
1991
July
Aug. |
SeptH
Oct. I
Nov.
Jan.
Feb. |
Mar. |
7,347
7,754
7,432
8,043
7,875
7,968
7,584
7,545
7,526
744
805
824
835
853
835
821
789
787
Dec.
Apr. |
May |
June |
July | Aug.
14. METALS AND MANUFACTURES-Continued
Steel, Raw and Semifinished
[Thousands of short tons, unless otherwise specified]
Steel (raw):
Production
Rate of capability utilization percent
Steel castings:
Shipments total
For sale total
Steel Mill Products
[Thousands of short tons]
Steel products, net shipments:
Total (all grades)
By product:
Semifinished products
Structural shapes (heavy), steel piling
Plates
Rails and accessories
Bars and tool steel total
Bars: Hot rolled (including light shapes)
Bars' Reinforcing
Bars- Cold finished
Pipe and tubing
Wire-drawn and/or rolled
Tin mill products
Sheets and strip (including electrical), total
Sheets' Hot rolled
Sheets' Cold rolled
By market (quarterly):
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Automotive
Rail transportation
Machinery industrial equipment tools
Containers packaging ship materials
Other
[Millions of short tons]
Producing steel mills, inventory, end of period:
Total
Steel in process
Finished steel
Steel service centers (warehouses), inventory, end of
period
98,015
840
r
1 133
'1 031
87,310
7,338
7,386
7,457
742
748
752
785
7,711
780
780
7,461
1 001
908
84981
78868
6420
6954
6746
7499
6427
6,313
6,093
7945
519
6,872
5,722
6938
486
584
479
565
21
642
520
568
21
550
486
543
17
642
548
599
37
522
498
539
27
498
400
538
59
511
481
622
58
543
479
548
56
587
422
635
59
627
445
628
68
571
470
588
47
563
450
414
36
555
478
637
36
14727
7,878
5305
1 486
13214
6,902
4934
1 326
1 097
560
434
1 154
593
444
1 162
594
450
1 215
626
457
1 063
551
400
1 030
534
395
1 099
600
361
1 027
543
356
1 167
619
413
1 075
590
355
1 062
579
354
1 155
637
380
1 139
581
437
99
112
115
128
108
97
132
123
130
125
124
132
115
4652
918
4032
39,784
13388
13 199
4488
864
4040
36,244
12987
11 356
332
402
360
337
302
300
347
298
375
328
364
382
338
75
350
2,918
1 074
79
359
3,208
1 162
52
371
2,870
1 008
982
80
345
3,696
1 253
1 175
64
310
3,102
1 090
906
69
336
3,222
1 141
1 003
970
959
75
277
3,398
1 154
1 111
77
267
3,177
1 096
1 033
86
344
3,426
1 133
1 145
87
331
3,361
1 128
1 099
75
351
3,221
1 042
1 035
79
392
3,390
1 079
1 082
78
344
3,087
1,017
1,007
18250
7,391
2793
10444
17485
6,814
901
837
2261
9445
6867
6118
6471
4484
1,790
4685
1,684
5,165
1,697
605
570
613
2604
2,656
155
379
207
355
1 087
9280
1 051
8888
250
414
941
2416
4474
38378
1 648
4278
36 100
140
81
5.9
129
75
5.4
135
82
5.3
130
77
5.3
131
77
5.4
124
72
5.2
127
72
5.5
129
75
5.4
130
75
5.5
133
75
5.8
67
59
59
57
53
56
56
59
59
344
204
2104
6949
7101
6751
'4,872
'1,897
'607
'2,901
'250
'433
'1,100
'8965
8859
13.4
' 13.3
13.4
13.0
75
5.9
75
5.8
75
5.9
74
5.6
60
61
58
59
58
320
199
343
191
330
199
342
202
330
190
946
268
963
260
336
NONFERROUS METALS AND PRODUCTS
[Thousands of metric tons, unless otherwise specified]
Aluminum:
Production primary (dom and foreign ores)
Recovery from scrap
Imports:
Metal and alloys crude
Plates sheets bars etc
Exports:
Metal and alloys crude
Plates sheets bars etc
Price, U.S. market, 99.7% purity, monthly average,
$perlb.
,
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.), mil. Ib
Mill products total mil Ib
Sheet and plate mil Ib
Castings mil Ib
Inventories,' total (ingot, mill products, and scrap),
end of period mil Ib
Copper:
Production:
Mine recoverable copper
Refined from primary materials
Electrolytically refined @
Electrowon
Refined from scrap
Imports, unmanufactured:
Refined
Exports:
Refined and scrap
Refined
Consumption refined (reported by mills etc )
Stocks refined end of period
Price, avg. U.S. producer cathode, delivered, "$ per
Ib §
See footnotes at end of tables.
4048
2393
4121
2210
354
199
350
203
336
190
347
195
337
174
343
167
9596
3403
1 0247
2565
973
208
890
188
866
904
81 0
21 8
21 9
224
880
185
6798
4377
7928
5087
690
449
801
554
546
429
680
500
807
345
.7404
.5946
.5896
.5766
.5575
.5246
14,761
11 964
15,298
11 667
1,387
1,030
1,389
1,048
1,276
975
1,371
1,034
7514
7501
931
971
209
21 5
25.0
508
485
438
478
497
386
31 0
52.1
49.9
.5241
.5034
.5367
.5820
.5928
1,265
943
1,241
874
1,264
'1,343
r
1,098
568
669
677
624
649
607
1007
673
'1,308
1,014
r
688
r
r
'987
608
702
49.9
.5999
.5842
1,241
'1,067
'1,266
'1,073
1;313
1,064
686
691
688
4047
.6103
r
'2049
1 905
4013
3913
4084
4028
4008
3992
3923
3913
3872
3876
3899
3971
4032
1 5872
1 5766
1 1832
3935
4408
1 6344
1 5774
1 1362
441 2
1392
1304
141 3
131 5
1279
1244
1430
1343
1342
1345
1337
1321
4178
385
326
441 3
261 7
4420
2886
355
237
6472
211 2
6797
2632
2Q58
2150
101
1.2316
141 5
139.5
1,141.6
151 3
130.8
883
362
341
995
400
398
995
421
348
870
439
367
345
352
450
446
22.6
24.5
31.9
25.2
574
486
18.4
39.9
10.8
34.2
21.7
141 3
141 0
131 7
137.4
95 1
992
392
285
41 8
986
388
321
949
396
326
31 3
326
592
387
320
174
22.9
36.3
26.8
18.0
493
209
191
112
562
179
184
102
41 3
429
521
13.4
15.4
17.9
132
607
206
144
133
202
111
168
120
154
132
184
125
180
118
197
122
192
123
189
116
1.0933
1.0434
1.0597
1.1111
1.1134
1.1003
1.0297
1.0072
1.0503
1.0618
1.0474
1.0493
91 9
936
385
330
373
136.7
974
393
353
12.3
6,693
7,105
2
1,614
2
589
2
217
2
738
67
142
2
353
2
2 974
2
2
SURVEY OF CURRENT BUSINESS
S-26 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
1992
1991
1991
July
Aug.
Sept. |
Oct. |
Nov.
Dec.
Jan.
Feb.
|
Mar.
May
Apr.
June
July
Aug.
14. METALS AND MANUFACTURES-Continued
NONFERROUS METALS AND PRODUCTSContinued
[Thousands of metric tons, unless othenvise specified]
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products mil. Ib
Copper wire mill products (copper content) mil Ib
Brass and bronze foundry products, mil. Ib
Lead:
Production:
Mine, recoverable lead
Recovered from scrap (lead content)
Imports, ore (lead content)
Consumption, total
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ASMS
Refiners' (primary), refined and antimonial (lead
content)
Consumers' (lead content) 0
Scrap (lead-base, purchased), all smelters
(gross weight)
Price common grade delivered $ per Ib @@
M740
'9229
984
1
1,275 2
1
465.9
'8837
128.9
'1,246.0
47.5
41.1
36.1
38.9
28.0
698
700
723
746
707
261
759
36.0
34.0
761
71 5
90.8
101.9
102.7
106.9
102.4
92.7
102.5
99.3
340
665
1083
31.2
31.5
71 0
r
98.5
32.6
733
731
96.0
97.8
539
68.8
74.3
75.7
73.1
74.5
70.9
68.8
71.5
714
671
70.0
65.5
67.9
255
865
91
720
154
380
91
354
66
333
41
302
45
320
91
461
98
508
158
54 1
21 6
536
252
604
289
626
265
632
201
4602
16.7
12.7
14.9
13.5
13.0
3448
3449
167
3430
13.3
3462
142
3429
17.3
3339
122
3465
12.2
3279
129
3286
13.9
3348
3438
3427
3453
33810
17275
186
44363
36900
658
4829
38629
29102
6181
2830
373
203
49000
36900
970
3024
36285
3900
3000
129
6348
36707
71
6739
36506
1 960
530
15
4000
3000
61
6544
36076
3052
531
15
4300
3300
105
35862
63
6347
35519
2493
356
0
4000
2900
59
3024
35427
2752
529
17
3800
2800
249
3022
36786
2542
499
18
3800
2800
119
3369
37574
2027
544
17
3800
2800
136
2844
37525
1 940
535
18
3800
2800
232
2877
38683
1 877
543
17
"3 700
r
2700
113
r
2901
40270
2676
43167
5154
5186
430
474
495
390
334
380
41 5
488
477
403
407
407
21
466
1.5
51 4
10
553
10
61 6
53
539
10
650
45
520
106
526
39
588
2.3
503
21 1
.2
21 1
.2
21 1
.2
21 1
.2
21 1
21 1
.2
21 1
21 1
.2
21 1
17.5
16.2
16.6
17.6
16.8
18.0
859
6
842
4
820
4
938
5
772
4
850
4
3.7
345
4856
4.5
358
5464
4.6
389
5729
5.8
381
5450
6.0
41 6
5289
6.7
370
5695
69.7
67.8
3633
Tin:
Imports (for consumption):
Ore (tin content) metric tons
Metal unwrought unalloyed metric tons
Recovery from scrap total (tin content) metric tons
As metal metric tons
Consumption total metric tons
Primary metric tons
Exports (metal) metric tons
Stocks pig (industrial) end of period metric tons
Price Straits quality (delivered) $ per Ib
Zinc:
Mine prod recoverable zinc
Imports:
Ores (zinc content)
Metal (slab blocks)
Consumption (recoverable zinc content):
Ores
Scrao all tvoes
Slab zinc:
Production, total ±
Consumption fabricators
Exports
Stocks, end of period:
Producers' at smelter (ABMS)
Consumers'
Price high grade $ per Ib
3173
522
15
4 100
3100
467
631 7
5491
45
399
24
2549
2.4
2528
.2
21 1
.2
21 1
207.8
991 0
58
194.4
9020
55
16.4
13.6
736
3
780
4
4.6
389
5277
3.6
381
4867
2.9
354
4836
46
61 0
7459
454
3
15.8
79.3
3.7
356
4978
6616
2151
472
16
4100
3100
17.2
89.9
4
5.3
370
6053
562
17
3600
2700
21 1
17.7
80.0
17.3
'76.0
6
r
45323
5.7
395
4.8
365
6375
6317
16.5
45
6239
MACHINERY AND EQUIPMENT
[Millions of dollars, unless otherwise specified]
Industrial heating equipment, new orders (domestic),
qtrly #
Electric processing heating equipment
Fuel-fired processing heating equipment
Materials handling equipment, dollar value bookings
index 1982-100
Industrial supplies, machinery, and equipment:
New orders index seas adj 1987-100
Industrial suppliers distribution:
Sales index not seas adj 1990=1 00
Inflation index, not seas. adj. (tools, material
handling equipment, valves, fittings, abrasives,
fasteners metal products etc) 1977-100
Fluid power products shipments indexes:
Hydraulic products 1990=100
Pneumatic products 1990-100
Machine tools:
Metal cutting type tools:
Orders new (net) total
....
Domestic .
Shipments total
Domestic
Order backlog, end of period
Metal forming type tools:
Orders new (net) total
Domestic
Shipments total
Domestic
. ..
Order backloa. end of oeriod
See footnotes at end of tables.
685
141
11 4
4330
896
4040
879
1403
1333
131 9
1351
1327
141 5
1622
1589
1328
1329
1601
1350
121 1
1075
1098
1076
109.7
107.6
110.0
1063
102.3
1108
116 1
115.1
112.8
118.1
1 0000
9552
9548
9670
9369
1.0616
8974
8617
.9854
9298
1 0213
.9997
.9648
1 0221
1894
1959
1960
1965
1963
1963
1968
1959
1976
1981
1985
1992
1995
1998
1000
1000
87.9
99.3
81.0
91.5
84.1
97.9
87.7
97.1
90.3
81.8
95.7
78.3
92.5
87.7
97.8
86.9
96.9
96.9
1061
93.3
89.5
95.9
97.5
90.9
106.8
104.0
145.50
124.75
M61 15
139.80
r
1,1 96.6
154.85
143.20
133.35
110.05
1,218.1
837
21 3
138
733
135
131
1084
21 7
440
108.3
1793
2 070 30
1,771.95
2 329 60
2,004 45
1,164.0
1,893.95
1,549.20
1 871 80
1,595.35
1,186.2
145.60
123.25
14940
137.35
1,127.4
126.40
117.30
137.35
121.85
1,116.5
174.05
150.25
166.80
140.90
1,123.8
155.85
133.90
177.30
155.35
1,102.3
161.55
140.85
144.35
118.70
1,119.5
283.65
241.35
21700
181.65
1,186.2
158.55
153.40
10625
97.50
1,238.4
159.60
140.65
14025
121.80
1 ,257.8
183.40
163.20
21545
185.70
1 ,225.8
894.40
76055
97030
851.10
304.4
748.15
54635
801.65
624.60
250.9
47.65
2690
63.40
35.00
178.8
109.35
87.05
46.00
30.75
242.2
70.75
56.30
49.90
36.05
263.0
68.80
51.35
58.45
48.35
273.4
69.15
41.35
85.90
76.90
256.6
59.25
43.45
65.00
52.90
250.9
58.85
50.85
53.55
38.05
256.2
56.65
45.35
60.75
46.60
252.1
59.40
47.65
71.05
52.30
240.4
104.8
158.00
134.25
156.45
130.50
1,227.3
61.50
56.05
42.85
34.65
259.1 •
109.35
96.50
12440
100.30
1,212.2
49.80
37.60
45.10
33.40
263.8
r
r
r
r
65.95
50.20
78.30
' 62.80
"251.4
r
r
125.1
50.75
37.40
50.90
44.10
251.3
17.4
4.5
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
September 1992 •
1991
1991
July |
Aug. |
Sept.
S-27
1992
Oct. |
Nov.
Dec.
Jan.
Feb. |
Mar.
Apr.
May
4367
1,404
4770
1,344
June
July
Aug.
14. METALS AND MANUFACTURES-Continued
MACHINERY AND EQUIPMENT-Continued
Tractors used in construction, shipments, qtrly:
Tracklaying (ex. shovel loaders) units .
Tracklaying (ex. shovel loaders), mil. $
Wheel (contractors' off-highway), units
Wheel (contractors' off-highway) mil. $
Shovel loaders units
Shovel loaders, mil. $
8303
1,073.0
4,058
349.0
57766
1 9596
ELECTRICAL EQUIPMENT
/Thousands]
Batteries (auto -type replacement) shipments
Radio sets, factory sales, domestic market if
Television sets (incl. combination models), production,
total market t+
Household major appliances, industry shipments #
Air conditioners (room)
Dishwashers
Disposers (food waste)
Microwave ovens/ranges
Ranges
Refrioerators
Freezers
Washers
Dryers including gas
Vacuum cleaners (qtrly )
65187
21,585
21,779
43,194
4150
3637
4,137
8126
3444
7101
1,296
6192
66585
18,530
5541
1,542
6545
1,682
6962
2,125
6833
2,213
6773
1,768
5729
1,380
4351
1,388
4405
1,502
5116
1,585
5557
1,523
5526
1,783
19,649
1,245
1,569
2,249
1,846
2,009
2,300
1,257
1,586
1,821
1,489
1,619
1,869
1,401
1,933
40,997
2807
3,384
171
3,247
63
3,324
12
3,515
22
3,251
31
3,143
76
3,163
103
3,220
227
4,107
523
3,842
545
3,846
557
4,035
380
3,671
243
3,664
106
287
294
507
263
774
154
511
347
301
355
548
273
673
138
525
345
286
459
610
280
666
137
513
351
342
312
739
319
648
118
593
418
306
280
854
295
513
106
485
373
296
338
696
282
492
125
468
360
272
349
698
253
466
90
512
386
268
294
680
251
477
91
502
356
331
350
689
300
614
128
602
435
321
298
618
302
640
120
508
357
293
304
650
270
657
132
495
356
321
416
628
301
788
176
553
388
300
311
620
281
813
205
486
340
310
389
736
289
660
166
575
394
152
213
364
209
335
224
338
204
193
3571
4,002
7234
3309
7273
1,414
6197
4313
4320
11 082
10970
1 950
2,429
3906
2057
2,401
3936
3095
2620
2913
GAS EQUIPMENT (RESIDENTIAL)
[Thousands]
Furnaces warm air shipments
Ranges, total, shipments ...:
Water heaters (storage) automatic shipments
157
178
301
196
189
295
238
211
302
239
245
378
208
226
314
224
215
370
153
181
361
163
187
356
158
208
364
15. PETROLEUM, COAL, AND PRODUCTS
COAL
[Thousands of short tons, unless otherwise specified]
Anthracite:
Production
Exports thous metric tons
Producer Price Index, 1982=100
Bituminous and lignite:
Production
Consumption total
Electric power utilities
Industrial total
Coke plants (oven and beehive)
Residential and commercial
Stocks end of period total
Electric power utilities
Industrial, total
Oven-coke plants
Exports excluding lignite thous metric tons
Producer Price Index 1982=100
3,506
3,175
253
313
285
105.5
105.6
104.7
104.7
104.7
1,025,569
896 427
990,972
773,549
116154
39,824
6,724
772,315
168,210
156,166
12045
3,329
158,004
95,984
97.3
97.1
346
105.1
299
238
106.3
106.3
90,307
81,730
79,383
61,948
63,830
66,718
158,813
158,605
158,004
208
106.4
217
106.4
235
106.4
209
194
203
105.7
105.4
105.2
79,630
77,555
77,314
95.3
94.7
96.5
64.3
62.1
60.6
79,745
88,851
81,533
81,245
71,862
8,956
2,929
427
81,244
71,919
8,939
2,916
387
73,943
64,652
8,971
2,932
320
165,741
155,668
10,073
3,087
163,244
153,231
10,013
2,891
164,004
154,051
9,952
2,695
9,162
9,563
9,577
8,386
9,618
97.5
96.5
96.5
95.8
97.0
96.2
93.6
94.4
93.6
'94.7
95.1
3,545
3,583
6,256
3,418
3,503
3,512
6,117
3,815
3,710
3,266
3,565
3,523
3,676
1,638
2,172
1,912
260
1,622
1,888
2,107
1,856
252
1,953
1,977
2,084
2,026
2,198
2,354
'56.0
403.0
86
429.3
88
84,683
78,938
82,425
105.4
105.4
COKE
[Thousands of short tons, unless otherwise specified]
Production:
Beehive and oven (byproduct)
Petroleum coke §
Stocks, end of period:
Oven-coke plants total
At furnace plants
At merchant plants
Petroleum coke
Exports thou metric tons
27,616
40,332
24,046
41,493
1,918
1,674
244
1,436
2,107
1,856
252
1,953
1,683
1,635
PETROLEUM AND PRODUCTS
[Millions of barrels, unless otherwise specified]
Crude petroleum:
Producer Price Index 1982=100
Gross input to crude oil distillation units
Refinery operating ratio % of capacity
All oils, supply, demand, and stocks:
New suoolv total 0
Production:
Crude petroleum
Natural oas plant liquids
Imports:
Crude and unfinished oils
Refined products
Change in stocks all oils
Product demand total
Exports:
Crude petroleum
Refined products
See footnotes at end of tables.
70.9
4,981.3
87
59.3
60.4
60.4
66.3
64.0
55.1
51.3
53.5
51.0
4,930.4
86
432.2
89
434.2
89
416.5
88
406.7
83
394.7
84
422.0
87
407.0
84
369.7
81
412.0
85
61.9
59.1
6,208.7
6,129.8
521.1
548.6
507.4
517.1
502.3
509.2
520.1
461.8
500.8
514.6
516.3
2,684.7
598.3
2,707.0
639.2
227.8
226.8
221.0
230.6
219.8
226.3
228.3
213.8
226.8
218.7
53.0
53.0
51.6
55.0
54.0
55.5
56.5
52.1
55.9
53.9
220.4
555.5
2,325.1
600.8
2,275.6
508.0
201.9
220.0
191.1
189.3
182.5
183.2
197.4
156.5
180.6
200.7
200.5
38.5
48.7
43.6
42.2
-50.6
558.6
-35.4
529.0
-30.4
555.3
44.3
-3.7
38.0
-7.4
37.5
-74.1
555.9
45.9
-6.7
39.3
-3.7
39.9
20.5
569.1
561.9
-16.1
548.7
41.3
11.5
529.7
-23.0
514.3
531.3
536.2
39.2
6,512.9
6,465.7
39.7
42.4
272.4
322.8
4.3
25.5
1.7
24.3
3.3
20.3
2.8
25.6
3.8
24.0
4.1
33.5
3.7
31.8
.6
24.0
3.3
25.0
.7
27.4
3.3
24.2
SURVEY OF CURRENT BUSINESS
S-28 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1992
1991
July
1990
Aug.
Oct.
Nov.
Dec.
Jan.
Apr.
May
June
July
Aug.
15. PETROLEUM, COAL, AND PRODUCTS-Continued
PETROLEUM AND PRODUCTS-Continued
[Millions of barrels, unless otherwise specified]
All oils, supply, demand, and stocks—Continued
Domestic product demand, total #
Gasoline
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants
Asphalt
..
. ..
Liquefied petroleum gases
Stocks end of period total
Crude petroleum
....
Strategic petroleum reserve
Unfinished oils natural gasoline etc
Refined products
>
.
Refined petroleum products:
Gasoline (incl. aviation):
Production
Stocks, end of period
Prices, regular grade (excl. aviation):
Producer Price Index 1982=100
Retail, U.S. city average (BLS):
Leaded $ per gal
Unleaded $ per gal
Aviation gasoline:
Production
. .
Stocks, end of period
Kerosene:
Production
Stocks end of period . .
. .
Producer Price Index (light distillate), 1982=100 .
Distillate fuel oil:
Production
Imports
Stocks end of period
Producer Price Index (middle distillate),
1982=100
.
. .
Residual fuel oil:
Production
Imports
....
Stocks end of period
Producer Price Index 1982-100
Jet fuel:
Production
Stocks end of period
Lubricants:
Production
Stocks end of period
Asphalt:
Production
..
Stocks end of period
Liquefied petroleum gases:
Production total
At gas processing plants (L P G )
At refineries (L R G ) ..
Stocks (at plants and refineries)
6,200 8
2,649.6
155
1,1025
4485
5556
59.7
1763
568.0
1 6206
9084
5857
1454
5668
6,100.6
2,631.7
169
1 0661
4226
537.1
53.4
1622
616.3
1 6170
8931
5685
1471
5767
526.1
235.4
4
821
346
468
5.1
205
48.8
1 6350
9106
5685
1590
5653
5327
234.3
5
859
384
478
4.3
21 1
49.4
1 6480
9138
5685
1575
5767
5054
2133
2
859
322
452
48
208
51.5
1 6629
9091
5685
1623
591 4
5269
226.4
8
945
31 9
462
4.7
188
50.5
1 6440
9107
5685
1592
574 1
501.9
210.8
34
87.6
342
44.1
4.1
103
54.6
1 6472
9120
5685
1548
5803
531 5
224.4
33
957
405
46.3
4.2
71
59.7
1 6170
8931
5685
1471
5767
5264
215.5
35
1000
407
458
4.7
58
59.3
1 6084
9097
5685
151-9
546.8
489.7
203.7
21
93.9
381
40.3
4.3
60
59.4
1 5854
914.8
5685
1536
5088
5204
222.1
25
986
358
424
4.6
73
52.2
1 5693
9071
5685
1589
5032
5031
2182
10
920
31 4
41 9
4.8
11 4
46.8
1 5808
9164
5685
1555
5089
5088
226.7
7
85.3
31 9
41.2
5.6
154
51.0
1 601 3
9118
5685
1531
5364
25484
182.4
25540
183.3
2266
1733
2254
1734
211 7
1793
2099
1683
2109
175.0
2285
1833
2190
1928
1963
191.4
2081
1829
2093
1841
2209
187.3
692
666
692
71 4
699
701
670
606
599
604
803
1 149
1 164
r
645
732
791
797
788
1 179
1 175
1 158
63.5
66.5
64.2
(2)
1 140
1 127
1 140
1 143
1 122
1 134
1 123
1 073
1054
1 058
1 079
1 136
85
1.7
80
1.6
10
1.8
8
1.7
8
1.7
7
1.7
4
1.6
5
1.6
7
1.8
5
1.6
6
1.6
5
1.5
8
1.6
16.3
56
75.4
14.0
58
65.9
.8
51
58.9
.4
50
62.1
.8
57
66.6
1.1
64
65.5
1.6
59
68.7
1.7
58
63.6
2.1
47
54.4
1.3
48
59.0
1.0
42
55.8
.7
38
57.0
.8
38
61.2
1,0675
101 5
1322
1 ,081 0
748
1435
92.9
48
124.7
91 8
52
131 4
91 6
71
1401
94.2
64
138.3
93.1
75
144.5
96.3
78
143.5
87.4
70
1267
77.7
60
108.5
85.3
67
97.7
88.6
60
92.0
91.1
56
96.5
735
652
581
621
654
676
71 0
622
544
573
560
590
62.1
65.5
64.6
633
3466
1838
486
572
341 1
1654
499
491
270
130
437
428
287
186
458
440
251
144
481
574
252
13.6
483
51 9
269
13.6
490
405
326
170
499
452
299
109
443
379
277
14.1
430
40.2
307
121
404
353
270
103
383
388
299
10.2
400
43.7
46.3
455
49.2
5432
52 1
5250
488
442
470
461
476
449
497
439
477
430
48 1
474
488
41 9
447
381
429
41 8
438
385
41 6
431
454
61 2
124
570
123
48
126
47
127
49
12.7
45
122
42
121
47
123
48
123
4.5
122
50
123
52
124
4.5
11 1
1640
187
1568
223
17.0
276
177
249
169
220
14.4
184
10.6
199
9.0
223
7.7
248
8.1
277
9.5
305
12.5
321
14.1
320
6384
4562
1822
979
6831
4875
1956
923
593
399
194
1134
588
40 1
187
1189
542
390
152
1163
560
420
140
1174
536
41 3
12.3
1075
561
425
13.6
923
562
427
135
782
551
399
15.2
676
628
427
20.1
725
634
41 4
22.0
846
655
425
23.0
993
16. PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
[Thousands of cords (128 cu. ft.)]
Receipts
Consumption
Inventories end of period
1
99
1
304
99 109
5961
98659
98,242
5688
8385
8,239
4948
8351
8,419
5100
8125
7,871
5501
8602
8,293
6122
7839
7,966
6126
8095
8,006
5688
8824
8,626
5717
8086
7,935
5711
8194
8,166
5655
8101
8,411
5580
8331
8,693
5594
1
20 981
915
22,733
1 076
1,801
1 021
1,944
1 014
1,956
1 050
2,017
1 065
1,930
1 054
1,883
1 076
2,024
1 097
1,917
1 045
2,114
1 030
2002
1 040
2,076
1 056
2,095
1 090
1
63 050
1,293
51 192
6345
• 4219
63818
1,370
51 950
6404
4,094
5604
129
4576
552
347
5357
117
4392
532
316
5133
116
4176
511
330
5,483
105
4451
556
372
5,186
108
4270
535
336
5,472
121
4462
546
344
5,681
139
4631
548
363
5,254
110
4301
511
332
5,525
120
4528
529
349
5,489
114
4499
537
340
5,320
110
4343
521
347
5,420
127
4436
521
335
219
518
451
220
586
353
232
614
366
192
575
348
197
547
347
195
513
345
219
518
451
247
548
450
245
571
410
236
480
438
225
530
434
240
570
385
230
507
423
WASTE PAPER
[Thousands of short tons]
Consumption .
Inventories end of period
WOODPULP
[Thousands of short tons]
Production:
Total
Dissolving pulp
Paper grades chemical pulp
Groundwood and thermo-mechanical
Semi-chemical
.
...
Inventories, end of period:
Producers' own use
...
Producers' market
Consumers' purchased
[Thousands of metric tons]
Exports all grades total
Dissolving and special alpha ..
All other ....
Imports all grades total
Dissolving and special alpha
Allother
See footnotes at end of tables.
226
476
392
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, i963-9i
1991
Annual
1990
September 1992 •
1991
July | Aug.
Sept.
S-29
1992
Oct.
Nov. I Dec.
Jan.
Feb.
Mar.
Apr.
May
June
6553
6988
3376
6708
3274
3433
July
Aug.
1342
118.9
1359
119.8
16. PULP, PAPER, AND PAPER PRODUCTS-Continued
PAPER AND PAPER PRODUCTS
[Thousands of short tons, unless otherwise specified]
Paper and board:
Production (API):
Total
Paper
Paperboard
Producer Price Indexes:
Paperboard, 1982=100 . ..
Building paper and board, 1982=100
Selected types of paper (API):
Groundwood paper:
Orders new
Orders, unfilled end of period
Shipments
Coated papers:
Orders new
Orders, unfilled, end of period
Shipments
Uncoated free sheet:
Orders, new
Shipments
Unbleached kraft papers:
Shipments
Tissue paper, production
1
78 782
39,359
39423
79531
39115
40416
6752
3337
6973
3443
6628
3267
3415
3531
3361
1359
1302
1271
1278
112.2
111.8
114.6
112.8
131 8
112.2
M 868
221
1
1,806
1 778
230
148
280
159
184
308
152
*7430
589
7536
7294
576
646
638
640
M 1,479
1 1 503
11,544
11 552
1 131
1 044
'2,377
2276
186
188
176
190
'5802
5669
440
484
465
486
9068
9074
315
8977
8756
536
761
697
614
731
731
614
719
698
635
706
735
606
5,997
6007
46
12,127
802
6,206
1 1 ,380
816
532
515
107
886
914
526
512
121
952
904
496
495
122
981
864
1195
1209
1
[Thousands of metric tons, unless otherwise specified]
Newsprint:
Canada:
Production
Shipments from mills
Inventory, end of period
United States:
Production
Shipments from mills
Inventory end of period . ,
Estimated consumption, all users 0
Publishers' stocks end of period #
Imports
Producer Price Index, standard newsprint,
1982=700
Paper products:
Shipping containers, corrugated and solid fiber
shipments mil s(j ft surf area
318 102
1775
7310
6154
98
320180
3173
6619
3145
3357
3474
1327
1328
1332
110.9
110.6
110.9
1334
112.5
156
295
155
138
283
163
105
245
143
129
225
140
151
117
131
255
128
332
116
317
134
685
647
660
669
667
644
660
666
685
527
600
588
550
576
566
665
641
597
637
685
602
627
689
616
1 079
1 057
982
974
1 098
1 088
946
923
813
929
999
969
1 068
956
1 068
1 001
176
182
210
193
208
198
193
193
458
464
480
466
502
470
480
470
699
686
619
615
714
536
720
665
618
707
654
671
710
737
644
703
741
606
778
815
569
530
513
139
1,051
804
527
545
122
1 012
764
528
552
98
952
816
551
546
103
894
902
509
517
95
878
819
532
532
95
541
541
95
530
539
85
1Q88
29178
6530
6816
3314
3510
3191
3362
1336
117.1,
3612
1334
119.2
1188
1181
1173
1164
1162
1153
1148
1123
28 301
27169
31 334
25150
23453
28934
25532
27730
1195
27847
7049
3528
3522
r
r
r
6706
6822
3201
3505
3291
3531
1342
119.3
1342
119.0
121
152
139
320
127
331
124
314
123
599
713
581
642
752
585
683
805
655
1 000
912
926
995
957
1343
118.5
984
r
r
692
766
494
685
756
424
519
526
78
552
565
65
111 2
1096
1093
1062
26856
28368
28886
27898
r
17. RUBBER AND RUBBER PRODUCTS
RUBBER
[Thousands of metric tons, unless otherwise specified]
Natural rubber:
Consumption
Stocks end of period
Imports incl latex and guayule
U S Import Price Index 1985=100
Synthetic rubber:
Production
Consumption
Stocks end of period
Exports (Bureau of Census)
2
83903
9434
860 34
1041
998
101 2
103.6
101.7
99.5
211453
1 820 78
40366
TIRES AND TUBES
[Thousands]
Pneumatic casings:
Production
Shipments total
...
Original equipment
Replacement equipment
Exports
Stocks end of period
Exports (Bureau of Census)
Inner tubes:
Exports (Bureau of Census) ..
See footnotes at end of tables.
1
. ..
21 0662
260 424
54191
188838
17393
42649
202 390
256,875
48582
188303
18998
35533
14354
21,574
3178
16790
1 523
44069
17784
23,985
4254
17890
1 743
41 610
17045
25,890
4519
19,476
1 803
36,773
19588
25,656
5296
18,448
1 826
34,567
16354
19,392
4106
13,846
1 359
34,772
15173
17,661
3064
13145
1 452
35,533
18772
19,590
3868
13,925
1 777
38,400
18762
19,895
4175
14,076
1 645
40,687
20356
23,702
4783
17128
1 789
41,212
19065
23,447
4726
17,068
1 653
40,981
18874
23,492
5039
16,841
1 612
40,576
19380
24,170
4723
17,662
1 784
40,201
SURVEY OF CURRENT BUSINESS
S-30 • September 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990 |
1991
1991
July |
Aug.
Sept. |
1992
Oct. |
Nov. |
Dec.
Jan. |
Feb. |
Mar.
Apr. | May
June |
July |
Aug.
18. STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement, thous. bbl.
1
467 21 1 '415,203
42,577
43,363
40294
44,163
31,667
26,041
24,482
24541
30,474
37,654
40,482
44,625
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face), mil. standard
brick
Structural tile except facing thous sh tons
Sewer pipe and fittings, vitrified, thous. sh. tons
Floor and wall tile and accessories, glazed and
unglazed, mil. sq. ft.
Producer Price Index, brick and structural clay tile,
12/84-100
6 872.7
5,404 8
(2)
(2)
1956
5092
4298
1064
1151
1162
1163
1164
1164
r
1,341.4
1 5176
52.9
242.0
1164
1165
43.8
1128
1165
1,1937
r
1166
1166
1 ,537.3
391
38.2
1141
1181
1169
r
H72
1179
1184
1185
1185
GLASS AND GLASS PRODUCTS
[Thousand gross, unless otherwise specified]
Flat glass, mfrs.' shipments, thous. $
Glass containers:
Production
Shipments total
Narrow-neck containers:
Food
Beverage
Beer
Liquor and wine
Wide-mouth containers:
Food and dairy products
Narrow-neck and wide-mouth containers:
Medicinal and toilet
Chemical household and industrial
Stocks, end of period
1 471 447 1 ,350 658
377 932
340,555
378 380
289,704
284986
281,111
277 657
25,097
25468
25,498
26242
22,220
23152
25,331
24498
22,898
21 044
17,455
18207
22,502
21 054
24,193
20545
25,982
25558
24,703
24269
23,986
25188
24,746
26280
23546
60261
88551
26297
23477
57,141
84304
24038
2268
5,623
8138
2102
2469
5,439
7736
2124
2174
4722
6816
1 885
1 870
4686
7133
2033
1 380
3,845
6511
1831
1 202
3,710
5661
1673
1 692
3871
6402
1941
1 898
3,843
6341
1 818
2407
4,939
7823
2342
2304
4,810
7695
2306
2292
5,259
7936
2301
2659
5,529
7850
2634
71 967
74683
6216
6973
6224
7292
6128
4895
5852
5312
6621
5784
6190
6367
13190
1 174
43162
12,816
1 198
44,058
991
130
45443
1,348
153
44508
1,210
121
43486
1 348
136
44103
1,254
95
45,638
988
78
44,058
1 147
149
45208
1,139
194
48579
1,294
132
49,726
1,270
1,113
1 250
1339
614
1 308
1 176
732
1 233
1250
762
1 373
1 401
764
1 199
1,168
588
1 204
1,073
717
1 312
1 294
748
1 206
1,253
442
480
513
427
467
482
496
425
1 725
1
41
20
1 070
468
8
61
56
1 665
1
35
19
1 092
446
8
65
55
1 588
1
35
20
997
416
8
60
51
1 748
1
39
23
1 097
460
9
62
58
1 435
1
31
18
916
368
1 363
1
31
16
865
361
6
40
43
1 625
1
38
36
1 034
403
7
54
53
15,891
16766
1,030
100
97
148
48,947
48,145
46,221
1 220
1,421
525
1283
1,344
1,164
1,201
1,320
1,321
729
745
382
377
398
446
525
1 537
1
34
32
985
377
6
53
50
1 862
1
40
42
1 184
460
7
68
59
1 622
1 466
1 706
GYPSUM AND PRODUCTS
[Thousands of short tons]
Production:
Crude gypsum (exc byproduct)
Calcined
Imports crude gypsum
Sales of gypsum products:
Uncalcined
Calcined:
Industrial plasters
Building plasters total (incl Keene's cement)
[Millions of square feet]
Board products total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated wallboard
Vie mobile home board
Water/moisture resistant board
1
15
1
658
16 272
'8726
1
14
1
'5310
J
760
14 688
7634
J
5272
(4)
(2J
1
20 445
15
442
268
12268
5978
98
713
662
1
18317
12
396
227
11 286
5033
85
670
608
48
46
1
34
34
1 009
412
69
55
1
31
31
914
370
7
66
47
1
39
37
1 062
435
7
70
54
19. TEXTILE PRODUCTS
FABRIC
[Millions of linear yards]
Woven fabric, finishing plants:
Production (finished fabric)
Cotton
Manmade fiber and silk fabrics
Inventories held at end of period
Cotton
Manmade fiber and silk fabrics
Backlog of finishing orders
Cotton
Manmade fiber and silk fabrics
COTTON AND MANUFACTURES
[Thousands of running bales, unless otherwise
specified]
Cotton (excluding (inters):
Production:
Ginnings 0
Crop estimate thous net weight bales §
Consumption
Stocks in the United States, total, end of period # .
Domestic cotton total
On farms and in transit
Public storage and compresses
Consumina establishments
See footnotes at end of tables.
15064
15505
8 383
11,978
11 978
1,522
9875
581
6
17146
17614
8,367
13,579
13579
1,924
1 1 ,075
580
6
137
699
2478
2,215
16,591
16591
13,798
2,223
570
8474
13,275
2,199
13,579
13,579
1,924
11,075
580
3
870
11,748
1 1 ,748
864
10,290
594
14
730
10,285
10,285
499
9,206
580
3
898
8,516
8,516
189
7,696
631
718
7,240
7,240
330
6,273
637
752
5,953
5,953
268
5,057
628
3
885
4,504
4,504
140
3.723
641
r
682
' 3,552
3,552
'83
r
2,806
'663
r
5
451
15,948
743
18,283
18,283
15,435
2,220
628
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1968-91
1991
July |
Aug.
Sept.
S-31
1992
1991
Annual
1990
September 1992 •
Oct.
Nov. |
Dec.
Jan.
Mar.
Feb.
Apr. | May
June |
July
Aug.
19. TEXTILE PRODUCTS-Continued
COTTON AND MANUFACTURES—Continued
Cotton (excluding (inters)—Continued
Exports, thous. running bales
Imports thous net weight bates
Price(farm), American upland, cents per to. 0
Price,1 Strict
Low Middling, Grade 41 , staple 34
(1 /i6n), average 10 markets, cents per Ib
Spindle activity (cotton system spindles):
Active spindles, last working day, total, millions
Consuming 100 percent cotton millions
Spindle hours operated all fibers total billions
Average per working day, billions
Consuming 100 percent cotton billions
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtriy.), mil. sq. yd.
Orders, unfilled, end of period, compared with
average weekly production no weeks' prod. .
Inventories, end of period, compared with avg.
weekly production no weeks' prod
Ratio of stocks to unfilled orders (at cotton
mills) end of period
Exports, raw cotton equivalent, thous. net weight
bales §
Imports, raw cotton equivalent, thous. net weight
dates §
Producer Price Index, gray cotton broadwovens,
1982-100
2
3
67.1
6
74.8
3
57.0
66.3
66.9
64.8
62.7
60.9
55.6
51.6
49.6
49.9
52.0
52.2
56.9
'55.3
55.0
56.7
71.3
66.4
62.4
58.3
54.7
53.9
51.5
50.8
52.0
55.0
55.4
58.8
60.9
57.6
8.7
3.8
48
.237
20
8.7
3.8
48
.240
20
8.6
3.7
56
4
.226
4
23
8.5
3.7
42
.212
18
8.5
3.7
46
.231
19
116.7
116.8
119.9
116.7
117.2
122.7
122.7
9.7
38
658
254
258
9.2
37
604
.231
243
9.4
4.0
150
.227
62
4,464
'4,404
1,082
113.8
114.9
2062
2991
2132
2733
545
697
553
675
41937
3,990.8
42823
3,984.1
1 1002
1 ,042.7
1 121 9
1,067.7
94
173
104
270
98
237
104
270
3042
3470
351 1
3337
3098
3212
351 1
3337
1157
1155
1206
121
1372
144
71 7
21.4
503
865
18.2
682
2.56
1.58
3.70
2.42
1407
1696
41 4
41 5
462
1 3485
1 2778
3472
3099
3327
115.3
115.3
115.3
9.2
3.7
148
.224
59
8.8
38
58
4
.233
4
23
4
8.7
3.8
59
4
.236
4
24
8.7
37
48
.241
20
4
1,094
115.4
115.8
115.9
4
1,146
116.9
116.7
116.8
MANMADE FIBERS AND MANUFACTURES
[Millions of pounds]
Fiber production, qtrly:
Cellulosic filament yarn
Rayon staple including tow
Noncellulosic, except textile glass:
Yarn and monofilaments
Staple, incl. tow
Textile glass fiber
Fiber stocks, producers', end of period:
Cellulosic filament yarn
Rayon staple including tow
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple incl tow
Manmade fiber and silk broadwoven fabrics:
Producer Price Index, gray synthetic broadwovens,
1982-100
114.8
116.4
116.5
116.5
116.8
118.2
52.6
666
60.5
705
1,064.0
" 1,008.0
1,118.8
1 ,044.1
109
269
122
334
3424
321.2
3098
335.0
r
r
119.0
119.9
120.3
120.9
122.0
122.1
WOOL AND MANUFACTURES
[Millions of pounds, unless otherwise specified]
Wool consumption, mill (clean basis):
Apparel class
Carpet class
Wool imports clean yield t
Unimproved and other grades not finer than 46's ...
48's and finer
Wool prices, raw, shorn, clean basis:
Domestic—Graded territory, 64's, staple 2%" and
up, delivered to U.S. mills, $ per Ib
Australian, 64's, Type 63, duty-paid, price at
Australian Wool Corp., Charleston, SC, $ per Ib.
Wool broadwoven goods, exc. felts:
Production (qtrly ) mil so yd
92
1.5
7.7
2.30
(5)
70
1.3
5.7
44
1.4
3.0
r
78
2.5
5.4
51
1.2
3.9
90
1.2
7.8
102
2.4
7.8
81
1.7
6.4
73
2.0
5.3
1.48
1.48
1.55
1.63
1.77
1.95
1.96
1.99
1.93
2.29
2.15
2.74
2.70
2.59
2.80
2.77
2.64
2.68
2.56
See footnotes at end of tables.
16 001
168 256
r7
8988
r
93110
5228
40,338
3120
25883
r7
2,429
' 33,865
(»)
r
21 240
3,304
45,090
2592
25,752
300 862
'38,232
83,636
9,548
r
70,895
9,576
298 988
38.761
r
r
65,368
8,878
r
6.9
1.9
4.9
62
2.0
4.2
1.56
APPAREL
r7
88
2.4
6.5
2.48
FLOOR COVERINGS
18120
172317
7728
92778
106
2.5
8.1
1.67
Carpet, rugs, carpeting (woven, tufted, other),
[Thousands, unless otherwise indicated]
Women's, misses', juniors' apparel cuttings, qtrly:
Coats
Dresses
Suits (incl pant suits jumpsuits)
Skirts
Slacks, jeans, dungarees, and jean-cut casual
slacks
Blouses, thou. doz
35.9
4.3
36.9
46
339
36
346
46
1.88
(5)
1.88
2.24
S-32 • September 1992
SURVEY OF CURRENT BUSINESS
Annual
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1990
|
1991
1991
July I
Aug.
Sept.
1992
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May |
June
July
Aug.
19. TEXTILE PRODUCTS-Continued
APPAREL-Continued
[Thousands, unless otherwise indicated]
Men's apparel cuttings, qtrly:
Suits
Coats (separate), dress and sport
Trousers slacks jeans pants etc
Shirts dress and sport thous. doz
Hosiery, shipments, thous. doz. prs
11 302
13945
458 476
103239
328,622
'10093
r
14,181
494 621
r7
94,543
324,867
r
28,153
27,696
2,451
3,522
134731
24,335
24,996
'2403
r
3,448
129117
r7
22,472
24,191
28,226
2885
3,856
118839
27083
4
76,978
r
31 ,948
85,160
20. TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
[Milltons of dollars]
Orders new (net) total
U.S. Government
Prime contract
Sales (net) receipts or billings total
U.S. Government . ...
Backlog of orders end of period #
U S Government
Aircraft (complete) and parts
Engines (aircraft) and parts
Missiles, space vehicle systems, engines,
propulsion units and parts
Other related operations (conversions,
modifications) products services
Aircraft (complete):
Shipments
Exports commercial
3
145 965
56 264
141 293
3
3
3
136 646
73 552
3
250 079
82017
146 382
3
26 558
3
3
3
3
3
134 578
66,710
3
3
3
132 644
66,668
129 924
3
3
3
247 597
84,827
147 551
3
24 734
3
3
31 648
3
32 981
15 961
3
14 575
18444
22629
1 841
1 633
2006
6,050
5502
9499
6898
5,407
4874
8,388
2601
2,251
360
324
794
585
209
89
66
2.3
417
385
711
503
208
84
62
2.2
473
424
687
498
189
85
62
2.3
1 945
2701
1 951
1 890
2711
MOTOR VEHICLES (NEW)
[Thousands, unless otherwise specified]
Passenger cars:
Factory sales (from U.S. plants):
Total
Domestic
Retail sales total not seas adj
Domestics §
Imports §
Total seas adj at annual rate millions
Domestics millions §
Imports millions §
Retail inventories, domestics, end of period: §
Not seasonally adjusted
Seasonally adjusted
Inventory-retail sales ratio domestics
Exports (Bureau of Census) total
To Canada
Imports (ITC) complete units
From Canada total
Registrations 0, total new vehicles
Imports, including domestically sponsored
Trucks and buses:
Factory sales (from U.S. plants):
Total
Domestic
Retail sales:
Total not seasonally adjusted *
0-10 000 Ibs GVW domestics
0-10,000 Ibs. GVW, imports *
10001 Ibs GVW and overt
Total seasonally adjusted *
0-10,000 Ibs. GVW, domestics
0-1 0000 Ibs GVW imports*
10001 Ibs GVW and overt
Retail inventories, domestics, end of period:
Not seasonally adjusted
Seasonally adjusted @
Exports (BuCensus)
Imports (BuCensus), including separate chassis
and bodies
Registrations 0, new vehicles, excluding buses not
produced on truck chassis
Truck trailers and chassis, complete (excludes
detachables), shipments, number
Van type number
Trailer bodies (detachable) sold separately number
Trailer chassis (detachable), sold separately, number .
6137
i
1
572
523
719
526
193
83
61
2.2
462
416
623
458
165
83
62
2.1
378
338
611
438
173
79
5.9
2.0
404
371
573
417
156
80
59
2.1
444
404
664
497
167
85
62
2.3
506
457
735
541
194
83
6.0
2.3
506
454
729
546
183
82
6.0
2.2
548
489
747
565
182
84
6.3
2.1
'572
523
838
635
203
8.9
6.7
2.2
362
334
749
573
176
8.3
6.4
1.9
t, 267
11309
12.6
1 316
1,310
2.5
1,283
1,301
2.6
1 318
1,257
2.5
1 304
1,241
2.4
1,303
1,256
2.5
1,422
1,303
2.6
1,345
1,335
2.6
1,341
1,326
2.4
1,151
'1,367
2.6
\
3694
3236
3152
2856
3104
1151
2904
1051
3148
1093
2931
1208
111 3
1221
590
225
665
253
693
260
692
257
837
312
754
287
1 408
1 418
2.5
1 283
1,301
2.5
1 130
1,255
2.3
1 118
1,289
2.5
1 156
1,295
2.5
39446
1 2202
9,103
3,459
37365
1 1960
8,234
3,295
2705
779
3127
1052
3191
1059
'760
'293
675
297
737
320
692
283
610
247
628
253
2973
851
619
245
3448
3,373
3035
230
209
277
256
326
299
378
347
303
272
244
218
249
232
302
277
376
342
349
317
365
331
368
334
232
212
4649.9
3 947.5
404.0
298.4
4,156.0
3,594 6
319.2
242.2
391.4
338.1
353.5
298.3
375.9
330.1
329.6
283.2
310.8
272.8
352.4
307.0
295.9
258.5
325.9
289.1
395.2
348.3
417.4
370.8
424.4
381.0
459.3
415.9
'410.4
365.4
30.8
22.6
35.9
19.3
26.3
19.5
26.4
20.0
21.5
16.5
23.6
21.9
19.0
18.4
23.8
23.0
21.0
25.7
21.3
22.1
19.4
23.9
3467
297.9
279
3482
300.9
371 3
324.1
27.3
19.9
3542
309.9
249
3772
332.4
235
3442
300.7
228
320.4
21 4
3705
326.8
220
381 8
337.4
21 2
3975
355.0
204
411 9
370.7
190
20.9
27.9
19.4
341 4
297.4
254
17.8
19.0
3631
18.6
19.5
21.4
20.7
21.3
21.7
23.1
22.1
22.2
8525
908.4
857.4
914.7
875.8
930.3
1,004.3
1,017.6
1 ,054.4
1,023.0
985.5
1,011.9
1 ,025.8
1,009.7
373
405
370
321
357
351
313
10,051
6,824
11,590
8,509
10,700
7,926
11,346
8,006
10,059
7,456
9,970
7,211
12,279
9,220
1,273
1,474
2,246
3,179
2,816
3,527
2,675
3719
1 074.3
1 103.2
9855
1,011.9
4798
4,345
149,117
103894
122,477
84,626
(5)
'399
864
1002
24,491
1 1695
1,130.9
1,140.1
1,081.4
1,000.6
1,067.0
373
406
412
482
436
13,007
10,028
14,011
10,594
14,645
11,140
'15,174
'11,859
16,355
12,799
2,290
2,425
1,967
1,836
1,788
32063
32063
27197
27 197
11 328
11 328
32063
32,063
27197
27197
RAILROAD EQUIPMENT
[Number, unless otherwise specified]
Freight cars (new), for domestic use; all railroads and
private car lines (excludes rebuilt and export cars):
Shipments
Equipment manufacturers .. .
New orders
Equipment manufacturers
Unfilled orders end of period
Equipment manufacturers
Freight cars (revenue), class I railroads (AAR): |
Number owned end of period thousands
Capacity (carrying) total end of month mil tons
Average per car tons
See footnotes at end of tables.
9215
9,215
6331
6,331
5300
5300
8775
8,775
5,943
5,943
6383
6383
4,660
4,660
8,421
9215
12975
12,975
9,215
'24.2
'3682
326.7
191
'22.4
1 166.7
1,147.5
1 105.2 1,166.6
1,125.6
1,073.1
(5)
17,214
20.8
8421
5,962
5,962
8,354
8354
15,367
15,367
(2)
*660
483
e
177
8.Q
e
6.0
e
2.Q
1,166
1,419
2.9
(2)
407.0
366.9
17.7
22.4
4061
368.7
145
22.8
9946
1 ,060.5
SURVEY OF CURRENT BUSINESS
September 1992 •
S-33
FOOTNOTES FOR PAGES S-l THROUGH 8-32
General notes for all pages:
r Revised,
p Preliminary,
e Estimated,
c Corrected.
Address requests for data to:
Business Statistics Branch
Business Outlook Division (BE-52)
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230
Page S-1
Page S-8
t Revised series. See Tables 2.8-2.11 in the July. 1992 SURVEY for revised estimates for 1989-91.
Also see the article on the comprehensive revision of the national income and product accounts that
appears in the December 1991 issue of the SURVEY.
I 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.
1. Advance estimate.
2. Beginning with Feb. 1989 data, associations in conservatorship are excluded.
0 Home mortgage rates are under money and interest rates on p. S-14.
§ Data include guaranteed direct loans sold.
# Includes data for items not shown separately.
@ Data.are for closed mortgage loans of thrift institutions insured by the Savings Association
Insurance Fund (SAIF)—FSLIC-insured institutions prior to Sept. 1989.
t Effective June 1992 SURVEY, estimates of wholesale sales have been revised back to January 1989
and wholesale inventories have been revised back to December 1990. Revised data and a summary
of changes appear in the report Revised Monthly Wholesale Trade, Sales and Inventories January
1986-March 1992, BW/91-RV, available from the Bureau of the Census, Washington, DC 20233.
1 Effective June 1992 SURVEY, retail trade data have been revised. Estimates of retail sales have
been revised back to December 1991 and inventories have been revised back to January 1982. Revised
data and a summary of changes will appear in the report Revised Monthly Retail Sales and Inventories,
January 1982-December 1991, BR92-R, available from the Bureau of the Census, Washington, DC
20233.
Page S-2
1. Based on data not seasonally adjusted.
# Includes data not shown separately.
Page S-3
# Includes data for items not shown separately.
f Effective with the July 1992 SURVEY, M3 data have been revised to benchmark the data to the
1989 and 1990 Annual Surveys of Manufactures, and to reflect updated seasonal factors.
Page S-4
Page S-9
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
t Includes textile mill products, leather and products, paper and allied products, and printing and
publishing industries; unfilled orders for other nondurable goods industries are zero.
0 For these industries (food and kindred products, tobacco, apparel and other textile products, petroleum and coal, chemicals and allied products, and rubber and plastics products) sales are considered
equal to new orders.
t See note "f for p. S-3.
1. Advance estimate.
# Includes data for items not shown separately.
t The participation rate is the percent of the civilian noninstitutional population in the civilian labor
force. The employment-population ratio is civilian employment as a percent of the civilian noninstitutional
population, 16 years and over.
@ Data include resident armed forces.
J See note"!"for p. S-8.
Page S-5
1. Based on data not seasonally adjusted.
@ Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
J See note "t" for p. S-4.
t In the Feb. and July issues of the SURVEY each year, data for the most recent six to eight years
are subject to revise and are available upon request,
ft See note "f for p. S-3.
Page S-10
i The unemployment rates are the number of unemployed in each group as a percent of the civilian
labor force in that group.
§ Effective with June 1992 SURVEY, data have been revised, back to April 1990, unadjusted, and
back to Jan. 1987, seasonally adjusted, to reflect new benchmarks and seasonal adjustment factors.
The June 1992 issue of Employment and Earnings contains a detailed description of the effects of
these revisions. All of the revised historical series are published in a special supplement to Employment
and Earnings. This supplement, when combined with the historical bulletin, Employment, Hours, and
Earnings, United States, 1909-90 comprises the full historical series on national data obtained from the
establishment survey.
Page S-11
Page S-6
§ For producer price indexes of individual commodities, see respective commodities in the Industry
section beginning p. S-19. All indexes subject to revision four months after original publication.
# Includes data for items not shown separately.
§ See note "§"for p. S-10.
| This series is not seasonally adjusted because the seasonal component is small relative to the
trend-cycle and/or irregular components and consequently cannot be separated with sufficient precision.
0 Production and nonsupervisory workers.
Page S-7
Page S-12
1. Computed from cumulative valuation total.
2. Index as Sept. 1,1992: building, 422.8; construction, 469.4.
J Effective July 1992 SURVEY, data have been revised back to 1987. Effective July 1991 SURVEY,
data were revised back to 1986. Effective July 1990 SURVEY, data were revised back to 1985. Revised
data are available from the Construction Statistics Division at the Bureau of the Census, Washington,
DC 20233.,
# Includes data for items not shown separately.
§ Data for Mar., May, Aug., and Nov. 1990, and Jan., May, Aug., and Oct. 1991 are for five weeks;
other months four weeks.
# The fixed-weighted price index is a weighted average of the individual price index series used to
deflate the Value of New Construction Put in Place (VIP) series. In calculating the index, the weights (the
composition of current dollar VIP in 1987 by category of construction) are held constant. Consequently,
the index reflects only changes in prices. The implicit price deflator is a derived ratio of total current
to constant dollar VIP (multiplied by 100). It is the average of the individual price indexes used in the
deflation of VIP, but the prices are weighted by the composition of VIP each period. As a result, the
implicit price deflator reflects not only changes in prices, but also changes in the composition of VIP,
and its use as a measure of price change is discouraged. Effective July 1992 SURVEY, data have been
revised back to 1989.
§§ Effective March 1992 SURVEY, the Construction Contracts Valuation Index has a new base year
of 1987. Data have been revised back to 1983 and are available upon request.
§ See note "3" for p. S-10.
0 Production and nonsupervisory workers.
t Earnings in 1982 dollars reflect changes in purchasing power since 1982 by dividing by Consumer
Price Index.
§§ Wages as of Sept. 1,1992: Common, $19.73; Skilled, $25.75.
t Excludes farm, household, and Federal workers.
Page S-13
1. Effective Feb. 28,1989, there was a break in the series due to the enlargement of the panel of
reporting dealers to 17 and of reporting direct issuers to 36. End of month figures on the old basis are
as follows: All issuers, 481,734; financial companies, 373,717; dealer placed, 172,330; directly placed,
201,387; and nonfinancial companies, 108,017.
2. Average for Dec.
# Includes data for items not shown separately.
§ Excludes loans and federal funds transactions with domestic commercial banks and includes
valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
t Covers 50 States and the District of Columbia. Only regular benefits are included.
@ Average weekly insured unemployment for 12-month period divided by average monthly covered
employment (lagging 4 full quarters for annual figure and 2 full quarters for monthly figure).
S-34 • September 1992
SURVEY OF CURRENT BUSINESS
Page S-14
Page S-21
1. Data are for fiscal years ending Sept. 30 and may include revisions not distributed to the months.
2. Weighted by number of loans.
3. Outstanding loans for mobile homes are included with other credit.
4. Beginning Sept. 1991, the Federal debt series are net of premium and discount.
§ Effective June 1992 SURVEY, data have been revised to reflect new benchmark and seasonal
adjustments and are available from the Banking and Money Market Statistics Section of the Division of
Monetary Affairs at the Federal Reserve Board, Washington, DC 20551.
# Includes data for items not shown separately.
0 Excludes loans to commercial banks in the U.S.
1 Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent,
it Courtesy of Metals Week.
1. Previous year's crop. New crop is not reported until Sept. (crop year: Sept. 1-Aug. 31).
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until June
(beginning of new crop year).
5. Stock estimates are available once a year as June 1 stocks and shown here in the May column
and (as previous year's crop) in the annual column.
6. Stocks as of Dec. 1.
§ Excludes pearl barley.
@ Quarterly data represent the 3-month periods Dec-Feb., Mar-May, June-Aug., and Sept.-Nov.
Annual data represent Dec.-Nov.
t Coverage for 21 selected States, representing approximately 85 percent of U.S. production.
f Effective June 1992 SURVEY, the consumer installment credit series have been revised back to
1985 to incorporate new information and updated seasonal adjustment factors. These revisions are
available from the Mortgage and Consumer Finance Section, Mail Stop 93 at the Federal Reserve Board,
Washington, DC 20551.
Page S-15
1. Money market deposit accounts are included with savings deposits.
it Includes ATS and NOW balances at all depository institutions, credit union share draft balances,
and demand deposits at thrift institutions.
0 Overnight (and continuing contract) RP's are those issued by commercial banks to the nonbank
public, and overnight Eurodollars are those issued by Caribbean branches of member banks to U.S.
nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time deposits
are those issued in amounts of $100,000 or more and are net of the holdings of domestic banks, thrift
institutions, the U.S. Government, money market mutual funds, and foreign banks and official institutions.
# Includes data for items not shown separately.
Page S-16
1. Beginning with Jan. 1992 data, the data include the republics of the former USSR, excluding Estonia,
Latvia, and Lithuania.
@ Data may not equal the sum of the geographic regions, or commodity groups and principal
commodities, because the revisions to the totals are not reflected in the component items.
§ Number of issues represents number currently used; the change in number does not affect the
continuity of the series.
t For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
0 The March through August 1991 issues of the SURVEY showed month-end yields for 1991 rather
than monthly averages.
Page S-17
1. See note "1 "for p. S-16.
@ See note "@" for p. S-16.
# Includes data not shown separately.
0 Data include undocumented exports to Canada, which are based on official Canadian import
totals.
Page S-18
1. Reported annual total; quarterly or monthly revisions are not available.
2. For month shown.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service.
J The threshold for Class I railroad status is adjusted annually by the Interstate Commerce
Commission to compensate for inflation.
0 Average daily rent per room occupied, not scheduled rates.
## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.
t Before extraordinary and prior period items.
Page S-19
1. Reported annual total; monthly or quarterly revisions are not available.
2. Figure suppressed because it did not meet Census publication standards.
3. Data are partially estimated for first three quarters of 1991 and are not available. Value for 4th
quarter 1991 is based on partially estimated production data.
4. Data withheld to avoid disclosing figures for individual companies.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless otherwise
indicated.
^ Data for 1991 are reported quarterly.
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. Quarterly data are no longer available.
§ Data are not wholly comparable from year to year because of changes in classification.
@ Includes less than 500 electric generation customers not shown separately.
Page S-22
§ Cases of 30 dozen.
# Series first shown in the Jan. 1991 SURVEY.
Page S-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
3. Data suppressed because they did not meet Census publication standards.
# Totals include data for items not shown separately.
Page S-24
1. Reported annual total; monthly revisions are not available.
Page S-25
1. Reported annual total; monthly revisions are not available.
2. For month shown.
@ Includes domestic and foreign ores.
§ Source: Metals Week.
Page S-26
1. Reported annual total; monthly revisions are not available.
2. Less than 50 tons.
3. Break in comparability beginning Jan. 1,1991, because of a change in the Metals Week pricing
series for zinc.
0 Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
J Source for monthly data: American Bureau of Metal Statistics. Source for annual data: Bureau of
Mines.
# Includes data not shown separately.
@@ Price represents North American Mean.
Page S-27
1. Annual total includes revisions not distributed to the months or quarters.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke.
0 Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not
shown separately.
JJ March, June, September and December are five-week months. All others consist of four weeks.
Page S-28
1. Reported annual total; revisions not allocated to the months.
2. Beginning May 1991, the leaded gasoline price is not statistically valid for publication.
# Includes data for items not shown separately.
Page S-29
1. Reported annual total; revisions not allocated to the months.
0 Source: American Paper Institute. Total U.S. estimated consumption by all newspaper users.
# Compiled by the American Newspaper Publishers Association.
Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Figure suppressed because it did not meet Census publication standards.
3. Data cover five weeks; other months, four weeks.
4. Beginning Jan. 1989, sales of industrial plasters are included with building plasters.
5. Sept. 1,1992 estimate of the 1992 crop.
6. Total for crop years, 1989/1990 and 1990/1991 respectively.
# Includes data for items not shown separately.
0 Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
SURVEY OF CURRENT BUSINESS
Page S-31
1. Annual total includes revisions not distributed to the months.
2. Weighted average for crop year, Aug. 1-Jul. 31.
3. Spot market average for crop year, Aug. 1^Jul. 31.
4. For five weeks; other months four weeks.
5. No price because the Australian market was shut down for the month of July.
6. Weighted marketing price for Aug. 1991-Apr. 1,1992.
7. The downward revisions for 4th quarter and annual 1991 numbers reflect data withheld from
certain product lines to avoid disclosing data for individual companies.
8. The revised 4th quarter number has been withheld to avoid disclosing the data for an individual
company.
0 Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price reflects
total quantity purchased and dollars paid for the entire month (revised price includes discounts and
premiums).
§ Bales of 480 Ibs.
t The total may include some miscellaneous wool imports.
* Series first shown in the July 1990 SURVEY.
Page S-32
1. Annual total includes revisions not distributed to the months.
September 1992 •
S-35
2. Production of new vehicles (thous. of units) for Aug. 1992: passenger cars, 431; trucks and
buses, 283.
3. Data are reported on an annual basis only.
4. Beginning in 1992, data are available only on a quarterly basis.
5. Beginning Jan. 1989, shipments of trailer bodies are included with trailer chassis to avoid
disclosure of data from individual firms.
6. Effective with the Dec. 1991 SURVEY, data have been revised back to 1988 and are available.
upon request.
7. Data withheld to avoid disclosing figures for individual companies.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and imported
to the U.S. under the provisions of the Automotive Products Trade Act of 1965. Imports comprise all
other cars.
0 Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some States are not
available, month-to-month comparisons are not strictly valid.
* Effective with the July 1992 SURVEY, seasonally adjusted retail sales for trucks and buses have
been revised back to 1989, and are available upon request.
t Includes some imported trucks over 10,000 Ibs. GVW.
| Excludes railroad-owned private refrigerator cars and private line cars.
@ Effective with the Mar. 1992 SURVEY, seasonally adjusted retail inventories for trucks and buses
have been revised back to 1977, and are available upon request.
S-36 • September 1992
INDEX TO CURRENT BUSINESS STATISTICS
Sections
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communication
1-5
5,6
7,8
8,9
9-13
13-16
16-18
18,19
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
19, 20
20
20-23
23
23, 24
24-27
27, 28
28,29
29
30
30-32
32
Footnotes
33-35
Individual Series
Advertising
Aerospace vehicles
Agricultural loans
Air carrier operations
Air conditioners (room)
Aircraft and parts
Alcohol, denatured and ethyl
Alcoholic beverages
Aluminum
Apparel
Asphalt
Automobiles, etc
8,12
32
13
18
27
4,5,32
19
8, 20
25
2, 4-6,8-12, 31, 32
•
28
2-4,6, 8, 9,14,15,17, 32
Banking
Barley
Battery shipments
Beef and veal
Beverages
Blast furnaces, steel mills
Bonds, issued, prices, sales yields
Brass and bronze
Brick
Building and construction materials
Building costs
Building permits
Business incorporation (new), failures
Business sales and inventories
Butter
13,14
21
27
22
8,17, 20
3-5
15,16
26
30
2,4,5
7
7
5
2,3
21
Carpets
31
Cattle and calves
22
Cement
30
Chain-store sales, firms with 11 or more stores
9
Cheese
21
Chemicals
2-4,10-12,15,17,19, 20
Cigarettes and cigars
23
Clay products
2-4,30
Clothing (see apparel)
Coal
2, 27
Cocoa
22
Coffee
22
Coke
27
Combustion, atmosphere, heating equipment
26
Communication
15,19
Construction:
Contracts
Costs
Employment, unemployment, hours, earnings
Housing starts
New construction put in place
Consumer credit
Consumer goods output, index
Consumer Price Index
Copper and copper products
Corn
Cost of living (see Consumer Price Index)
Cotton, raw and manufactures
Credit, commercial bank, consumer
Crops
Crudeoil
Currency in circulation
Dairy products
Debt, U.S. Government
Deflator, PCE
Department stores, sales, inventories
Deposits, bank
Dishwashers and disposers
7
7
10-12
7
7
14
1,2
5,6
25, 26
21
5,6
5, 30,31
14
5, 21-23, 30
3,27
15
5, 21
14
1
9
13,15
27
Disposition of personal income
Distilled spirits
Dividend payments
Drugstores, sales
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
-.
Electrical machinery and equipment
Employee-hours, aggregate, and indexes
-Employment and employment cost.
Exports (see also individual commodities)
1
20
1,15
8, 9
12
8,9
5, 22
2, 20
2-5,10-12,15, 27
11
10-12
16-18
Failures, industrial and commercial
5
Farm prices
5, 6
Fats and oils
17
Federal Government finance
14
Federal Reserve System
13
Federal Reserve member banks
13
Fertilizers
19
Fish
22
Flooring, hardwood
24
Flour, wheat
22
Fluid power products
26
Food products
2-6, 8,10-12,15,17, 20-23
Foreign trade (see also individual commodities)
16-18
Freight cars (equipment)
32
Fruits and vegetables
5
Fuel oil
6, 28
Fuels
2,6,17,27,28
Furnaces
,
27
Furniture
2, 6, 8-12
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gypsum and products
Hardware stores
Heating equipment
Help-wanted advertising index
Hides and skins
Hogs
Home loan banks, outstanding advances
Home mortgages
Hotels, motor hotels, and economy hotels
Hours, average weekly
Housefurnishmgs
Household appliances, radios, and television sets
Housing starts and permits
Imports (see also individual commodities) .
Income, personal
Income and employment tax receipts
Industrial production indexes:
By industry
By market grouping
Installment credit
Instruments and related products
Interest and money rates
Inventories, manufacturers' and trade . . .
Inventory-sales ratios
Iron ana steel
2, 6, 20
28
30
19
14
5, 21, 22
9
30
8
26
12
6
22
8
8
18
11
2, 4-6,8, 9
27
7
17,18
.... 1
... 14
1,2
1,2
14
2-4,10-12
14
3, 4, 8, 9
3
2,15,24,25
Labor force
9,10
Lamb and mutton
22
Lead
26
Leather and products
2, 6,10-12, 23
Livestock
5, 22
Loans, real estate, agricultural, bank (see also Consumer credit). 8,13
Lubricants
28
Lumber and products
2, 6,10-12, 23, 24
Machine tools
26
Machinery
2-6,10-12,15,17, 26, 27
Manufacturers' sales (or shipments), inventories, orders
3-5
Manufacturing employment, unemployment, production workers,
hours, earnings
10-12
Manufacturing production indexes
1,2
Meat animals and meats
5, 22
Medical care
6
Metals
2-6,10-12,15, 24-26
Milk
21
Mining
2,10-12
Mobile homes, shipments, installment credit
7,14
Monetary statistics
15
Money and interest rates
14
Money supply
15
Mortgage applications, loans, rates
8,13,14
Motor carriers
18
Motor vehicles
2-4,6, 8, 9,15,17, 32
National parks, visits ..
..18
Newsprint
New York Stock Exchange, selected data
Nonferrous metals
29
16
2, 4,5,15,25, 26
. 21
.. 17
. 4,5
. 14
Oats
Oils and fats
:.,...
Orders, new and unfilled, manufacturers'...
Outlays, U.S. Government
Paint and paint materials
20
Paper and products and pulp
2-4, 6,10-12,15,28,29
Parity ratio
5
Passenger cars
2-4, 6, 8,9,15,17,32
Passports issued
18
Personal consumption expenditures
1
Personal income
1
Personal outlays
1
Petroleum and products
2-4,10-12,15,17, 27, 28
Pig iron
24
Plastics and resin materials
20
Population
9
Pork
22
Poultry and eggs
5, 22
Price deflator, implicit (PCE)
1
Prices (see also individual commodities)
5, 6
Printing and publishing
2,10-12
Private sectpr employment, hours, earnings
10-12
Producer Price Indexes (see also individual commodities)
6
Profits, corporate
15
Public utilities
1, 2, 7,15,16,20
Pulp and pulpwood
28
Purchasing power of the dollar
6
Radio and television
Railroads
Ranges and microwave ovens
Rayon and acetate
Real estate
Receipts, U.S. Government
Refrigerators
Registrations (new vehicles)
Rent (housing)
Retail trade
Rice
Rubber and products (incl. plastics)
Saving, personal
Savings deposits
Savings institutions
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Spindle activity, cotton
Steel and steel manufactures
Stock market customer financing
Stock prices, yields, sales, etc
Stone, clay, glass products
Sugar
Sulfur
Sulfuric acid
Superphosphate
Synthetic textile products
Tea imports
Telephone carriers
Television and radio
Textiles and products
Tin
Tires and inner tubes
Tobacco and manufactures
Tractors
Trade (retail and wholesale)
Transit lines, urban
Transportation
Transportation equipment
Travel
Truck trailers
Trucks
8, 27
12,16,18,32
27
31
8,13
14
27
32
6
2,3, 5, 8-12,14,32
21
2-4, 6,10-12, 29
,
1
13
8,14
15
15,16
6, 10-12
22
23
14
31
24,25
15
16
2-4,10-12,15, 30
23
19
19
19
31
,
:
23
19
27
2-4,10-12,15, 30-32
26
29
2-4,10-12,23
.27
2,3,5, 8-12,32
18
6,10-12,15,16,18
2-6,10-12,15,17,32
18
32
2, 32
:
Unemployment and insurance
U.S. Government bonds
U.S. Government finance
Utilities
Vacuum cleaners
Variety stores
Vegetables and fruits
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
9,10,13
16
14
2, 6, 7,15,16, 20
27
9
5
:
1,12
27
27
21,22
2, 3,5, 8,10-12
28
31
26
@FedFRASER