scb_071971_1

JULY 1971 / VOLUME 51 NUMBER 7SURVEY OF

CURRENT BUSINESS

PART I

National Income Issue

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

JULY 1971 / VOLUME 51 NUMBER PART 1

SURVEY OF CURRENT BUSINESS

CONTENTS

THE BUSINESS SITUATION

Summary 1State and Regional Income, First Quarter 1971 4

National Income and Product Tables 5U.S. NATIONAL INCOME AND PRODUCT ACCOUNTS,

1967-70 9Summary Data 10

1. Gross National Product and National Income 132. Personal Income and Outlay 22

3. Government Receipts and Expenditures 254. Foreign Transactions 32

5. Saving and Investment 336* Income and Employment by Industry 35

7. Supplementary Tables 408* Implicit Price Deflators 43

SUMMARY NATIONAL INCOME AND PRODUCT SERIES,1929-70 46

An Input-Output Method for Long-RangeEconomic Projections 47

CURRENT BUSINESS STATISTICS

General S1-S24

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Subject Index (Inside Back Cover) Commerce, Washington, D.C. 20230.

This month's issue will be in two parts. Part II is the Fiftieth Anniversary issue. Economic Accountsof the United States: Retrospect and Prospect. To be published in late summer.

Industry S24-S40

i ^4^^ JSP

^riso*^

U.S. Department of Commerce

Maurice H. Stans / Secretary

James T. Lynn / Under SecretaryHarold C. Passer / Assistant Secretary

for Economic Affairs

Office of Business Economics

George Jaszi / DirectorMorris R. Goldman / Associate DirectorLore S. Collins / EditorLeo V. Barry, Jr. / Statistics EditorBilly Jo Hurley / Graphics

STAFF CONTRIBUTORS TO THIS ISSUE

Robert B. Bretzfelder Donald A. KingLora S. Collins Beatrice N. Vaccara

National Income Division Staff

U.S. DEPARTMENT OF COMMERCE FIELD OFFICES

Albuquerque, N. Mex. 87101U.S. Courthouse Ph. 843-2386.

Anchorage, Alaska 99501632 Sixth Ave. 272-6531.

Atlanta, Ga. 3030375 Forsyth St. NW. 526-6000.

Baltimore, Md. 21202415 U.S. Customhouse 962-3560.

Birmingham, Ala. 35205908 S. 20th St. Ph. 325-3327.

Boston, Mass. 02203JFK Federal Bldg. 223-2312.

Buffalo, N.Y. 14203117 F.llicott St. Ph. 842-3208.

Charleston, S.C. 29403334 Meeting St.Ph. 577-4171.

Charleston, W. Va. 25301500 Quarrier St. Ph. 343-6181.

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Chicago, III. 606041486 New Federal Bldg.Ph. 353-4400.

Cincinnati. Ohio 45202550 Main St. Ph. 684-2944.

Cleveland, Ohio 44114666 Euclid Ave.Ph. 522-4750.

Dallas, Tex. 752021114 Commerce St. 749-3287.

Denver, Colo. 80202New Customhouse, 19th & StoutSts.Ph.837-3246.

Des Moines, Iowa609 Federal Bldg.Ph. 284-4222.

50309

Detroit, Mich. 48226445 Federal Bldg. Ph. 226-6088.

Greensboro, N.C. 27402258 Federal Bldg.Ph. 275-9111.

Hartford, Conn. 06103450 Main St. Ph. 244-3530.

Honolulu, Hawaii 96813286 Alexander Young Bldg.Ph. 546-8694.

Houston, Tex. 770021017 Old Federal Bldg.Ph. 226-4231.

Jacksonville, Fla. 32202400 W. Bay St. Ph. 791-2796.

Kansas City, Mo. 64106601 East 12th St. Ph. 374-3141.

Los Angeles, Calif. 9002411000 Wilshire Blvd. 824-7591.

Memphis, Tenn. 38103147 Jefferson Ave.Ph. 534-3214.

Miami, Fla. 3313025 West Flagler St. Ph. 350-5267.

Milwaukee, Wis. 53203238 W. Wisconsin Ave.Ph. 224-3473.

Minneapolis, Minn. 55401306 Federal Bldg. Ph. 725-2133.

New Orleans, La. 70130610 South St. Ph. 527-6546.

New York, N.Y. 1000726 Federal Plaza Ph. 264-0634.

Philadelphia, Pa. 191071015 Chestnut St. Ph. 597-2850.

Phoenix, Ariz. 85025230 N. Fir»t Ave, Ph. 261-3285.

Pittsburgh, Pa. 152221000 Liberty Ave. Ph. 644-2850.

Portland, Oreg. 97204217 Old U.S. Courthouse Bldg.Ph. 226-3361.

Reno, Nev. 89502300 Booth St. Ph. 784-5203.

Richmond, Va. 232402105 Federal Bldg. Ph. 782-2246.

St. Louis, Mo. 631032511 Federal Bldg. 622-4243.

Salt Lake City, Utah 84111125 South State St. Ph. 524-5116.

San Francisco, Calif. 94102450 Golden Gate Ave.Ph. 556-5864.

San Juan, Puerto Rico 00902100 P.O. Bldg. Ph. 723-4640.

Savannah, Ga. 31402235 U.S. Courthouse and P.O.Bldg. Ph. 232-4321.

Seattle, Wash. 981048021 Federal Office Bldg.Ph. 442-5615.


the BUSINESS SITUATION

The Nation's output of goods andservices rose $19% billion in the secondquarter. Measured in constant prices,output rose 3% percent at an annualrate, the largest rise in nearly 3 yearsexcept for the post-strike rebound inthe first quarter.

The regular annual revisions of theincome and product accounts are pre-sented in this issue of the SURVEY.

CONSUMER spending increased quitestrongly in the second quarter, residen-tial investment continued to expand,and total production of goods andservices—the gross national product—increased $19% billion to an annualrate of $1,040% billion. This was thelargest gain in nearly 3 years, exceptfor the post-strike rebound in thefirst quarter. Valued in current prices,the output gain amounted to 8percent at an annual rate. Afterallowance for price change, the esti-mated rise in real output was about3K percent at an annual rate. Theimplicit GNP price deflator increasedat an annual rate of about 4}£ percent(chart 1).

On the basis of incomplete data,inventory accumulation as measured inGNP is estimated to have been about$4% billion at an annual rate, up about$iy2 billion from the first quarter. Aswas noted in last month's SURVEY, theinventory adjustment over the pastyear and one half has been milder thanin other postwar cycles, but it hasresulted in a generally good balancebetween stocks and sales. Business hasbeen cautious about inventory invest-ment in the early stages of this recovery,but if consumer demand continues to

strengthen it is very likely that theaccumulation rate will continue to rise.

Consumer demand

Consumer spending rose $15% billionin the second quarter. This was notfar below the gain of nearly $20 billionregistered in the first quarter, whenthe post-strike rebound of auto buyingboosted spending sharply. Outlays forservices increased $5% billion, a rela-tively large gain, and spending fornondurables increased a very sub-stantial $7% billion. The large rise innondurables consumption reflects thestrength shown this spring by themonthly retail sales figures, especiallyfor the general merchandise group.Retail nondurables sales were generallyunchanged to down slightly in May,but the available data indicate sub-stantial gains in June both in thegeneral merchandise group and inother nondurable lines.

Spending on durable goods increaseda fairly modest $2% billion in thesecond quarter. The rise was sharedabout evenly between outlays for autosand parts and outlays for other dur-ables. Early this year, sales of newdomestic model autos ran at about8% million units (seasonally adjustedannual rate), after having averaged amere 5% million units in the strike-affected fourth quarter. The rate drifteddown in the spring but in June was stillslightly above 8 million units. Mean-while, sales of foreign models havebeen rising strongly. They averaged1.6 million units (annual rate) in thesecond quarter, up 30 percent from therate onty a year earlier.

Personal income was boosted sharplyin June by the start of higher socialsecurity benefits. The increase was ret-

GNP up $193 4 billion in second quarter

CHART 1

Billion $

40 -

FINAL SALES rose $18H billionA(\ WH. „ , ,.,..,i,....».-..,,-.w,5-™^U

10 V

INVENTORY INVESTMENT rose $1H billion10 -

REAL OUTPUT grew about 3 Yi percentPercent10 -

-5 -

the GNP DEFLATOR increased about 4K percent10 -

1967 1968 1969 1970 1971Change From Previous Quarter

Seasonally Adjusted at Annual Rates

U.S. Department of Commerce, Office of Business Economics 71-7-1


SURVEY OF CURRENT BUSINESS July 1971

roactive to the first of the year, andbeneficiaries received a lump sum pay-ment for the retroactive portion. Thepermanent rise in the level of transferincome was about $3K billion (annualrate), while the one-time payment inthe month of June was about $13%billion at an annual rate. The totalJune payment was thus about $16%billion at an annual rate, and thisboosted the personal income figure forthe second quarter as a whole by about$5% billion (annual late). However, agood part of any impact on spendingcan be expected to occur in the thirdquarter rather than the second, andthis timing factor was probably re-sponsible for the second quarter rise inthe saving rate. The rate is estimatedto have reached 8.4 percent, up from8.1 percent in the first quarter and 8.3percent in the fourth. (The nationalincome and product accounts for theyears 1968-70 have been revised, in-cluding upward revision of the savingrate in 1970; see below.)

Other final demands

Residential investment increased $3billion in the second quarter to an an-nual rate of $39% billion. However, theprospect of a curtailment in savingflows to the major mortgage lendersand of higher interest rates is a temper-ing factor in the housing outlook.Market interest rates were risingsharply throughout the quarter, andthe prime lending rate was raised from5% to 5% percent in late April and in-creased again by some banks in mid-June. By early July, most banks hadadopted a 6-percent rate. The upwardcourse of interest rates has resulted ina firming of conditions in mortgagemarkets, but the extraordinary^ flow ofsavings to the lending institutions overthe past year has worked to dampenupward pressure on mortgage rates.Near-term lending activity is expectedto continue strong, reflecting the recentrecord increases in new mortgage com-mitments. In the 3 months ending inMay—the latest for which data areavailable—commitments of thrift insti-tutions increased $4% billion (season-ally adjusted) to $15% billion.

Business fixed investment increasedmodestly in the second quarter, as did

State and local government purchases.However, Federal purchases declinedabout $700 million as a further drop indefense buying outweighed a slight in-crease in the nondefense category. Thedecline in defense purchasing has prob-ably about run its course. In additionto the expected impact of pay raises,the various advance indicators suggestthat defense-related production is stabi-lizing after some 2 years of decline.Incomplete data indicate that there wasa large rise in imports of goods andservices in the second quarter and asmall drop in exports, so that the netexport balance fell steeply.

Distortions related to the auto strikeobscured the basic pattern of economicactivity in the fourth and first quarters.The quarter just ended, which was notsignificantly affected by such distor-tions, showed clearly that the economyis on an expansionary course. To besure, utilization rates for both laborand physical capital remained at rela-tively low levels in the second quarter:The manufacturing capacity utilizationrate was unchanged from the firstquarter figure of only 73 percent, and theunemployment rate averaged 6.0 percentof the civilian labor force, comparedwith 5.9 percent in the first quarter.However, if the recent strengtheningof consumer demand persists, it seemslikely that the economy's rate of re-covery will strengthen in turn.

In the last month of the quarter, theunemployment rate dropped to 5.6percent, seasonally adjusted, well belowMay's 6.2 percent. The seasonal ad-justment factors, derived from histor-ical patterns, allow for large increasesin June in employment of teenagers andin unemployment of both teenagers andadults. The actual number of employedand unemployed workers rose much lessin June than the seasonal factors allowfor. On a seasonally adjusted basis,therefore, there were declines in thelabor force, employment, unemploy-ment, and the unemployment rate. TheBureau of Labor Statistics has notedthat sizable changes in the level ofunemployment, such as occurred be-ginning in late 1969, can cause theseasonal adjustment factors based onhistorical patterns to be distorted. Forthis reason, the June decline in unem-

ployment, seasonally adjusted, mayhave been overstated. In addition, theJune figures were evidently affected bythe fact that the survey week fellrather early in the month, when manyyoung persons were still in school ratherthan in the labor force and manyteachers who "normally" join the un-employed in June were still at work.

National Income and ProductRevisions

OBE has completed the regularannual revision of the national incomeand product accounts for the threemost recent years. The accounts for theyears 1968-70 are shown in full begin-ning on page 9 of this issue of theSURVEY.

Total GNP was revised downward byvery small amounts in each of the 3years. The revisions in the componentsof GNP were also generally small.There were only negligible changes inthe 1968 data, which had already beensubject to two annual revisions.

The estimates of investment in pro-ducers7 durable equipment and ininventories were revised down for allthree years, as was Federal Governmentspending for goods and services. In-vestment in nonresidential structureswas revised upward, and for 1970 theresidential construction figure was alsoraised slightly. In addition, the 1970estimate of State and local governmentpurchases is now somewhat larger thanthat previously published. Table 1summarizes the effect of the revisions;it shows the difference between the

Table 1.—Revisions of GNP, PersonalIncome, and Saving

[Billions of dollars]

Gross national product

Personal consumption expenditures. _Nonresidential fixed investment

StructuresProducers' durables

Residential structuresChange in business inventoriesNet exports of goods and servicesFederal Government purchases

DefenseNondefense

State and local government purchases.

Personal incomeDisposable personal income _ _Personal saving _ _Saving rate (percentage points)

1968

—0 8

.4

.1

.7-.6-.2-.5

.0-.7

.3-1.0

.1

.2-.2-.6-.1

1969

—2 3

2.17'.7

-1.4-.2

-1.1.1

-2.3-.4

-1.9-.2

1.52.6.3.0

1970

-2.4

-.9-.51.6

-2.0.7

-.7.0

-2.4-1.2-1.2

1.3

2.63.03.9.6


July 1971 SURVEY OF CURRENT BUSINESS

figures previously published for themajor GNP components and the revisedfigures.

Personal consumption expenditureswere revised upward for 1968 and 1969and downward for 1970. Disposable in-come was raised for both 1969 and 1970(table 1). The 1969 estimates of savingand the saving rate were barely changedbut for 1970 both the volume of savingand the saving rate were increased ap-preciably. The rate is now put at 7.9percent, compared with the preliminaryestimate of 7.3 percent.

The income and product estimates forthe first quarter of 1971 have also beenrevised. Revisions in the GNP com-ponents were generally modest and theaggregate was unaffected, but thechange from the fourth quarter is now$32% billion, somewhat larger than pre-viously shown. Continuing the patternof 1970, the saving rate for the firstquarter of 1971 was revised up from 7.0percent to 8.1 percent.

"Income side" revisionsThere are two ways to estimate the

market value of national output—as thesum of sales and inventory change, the"product side" GNP measure, or as thesum of costs incurred and profits earnedin producing the output, the "incomeside." The two measures use source datathat are not only imperfect but largelyindependent, and thus they may differin level and in rate of change. The down-ward revision of 1969 national outputwas somewhat larger on the income thanon the product side, but the income sideestimate of 1970 output was barely re-vised at all. The principal revisions onthe income side for 1969 and 1970 werein capital consumption allowances, re-vised up for both years, and in profits,revised down for both years.

Preliminary data had indicated thatin 1970 the growth rates of the income

and product side estimates of nationaloutput were diverging somewhat morethan usual. The revisions have reducedthis divergence, and for the year 1970the growth rates estimated from thetwo "sides" are now identical.

Corporate profitsThe most striking revision in the

accounts was in corporate profits. Theestimate of before-tax book profits waslowered $1 billion for 1968, $7 billionfor 1969, and $6 billion for 1970.Although the 1970 profits level is nowconsiderably lower than previously esti-mated—$75% billion compared witha preliminary estimate of $81 % bil-lion—this mainly reflects the revisionof the level for 1969. The size of thedecline in profits from 1969 to 1970 islittle affected.

The revision centered in the manu-facturing sector, for which' the prelimi-nary estimates have usually been quitereliable. The ultimate source of data forthe profits estimates is Internal Rev-enue Service tabulations of corporatetax returns (see table 7.5 of the incomeand product accounts). However, theinitial estimates are based largely onpublished, reports, principally reportsto shareholders. A close relationshiphas generally prevailed between theestimates of profit behavior based onthese separate data sources. In therecent past, however, for reasons that

are not clear, the use of shareholderreports resulted in substantial over-statement in the preliminary nationalincome account profits estimates.

Within manufacturing, the revisionwas widespread, although it was con-siderably sharper for durable than fornondurable goods producers. Outsidemanufacturing, profits were raised alittle for financial institutions andlowered moderately for the transpor-tation-communications-public utilitygroup, and for the "all other" group.

As a result of the revisions, the peakin profits is now estimated to havebeen reached in the fourth quarter of1968 and the first quarter of 1969, withbook profits at an annual rate of about$89 billion. Previous estimates showeda high of about $93 billion reached inthe first and second quarters of 1969.The profits contraction now spans twofull years, and is thus more consistentwith the decline in productivity thatbegan in early 1969. However, thedollar decline from peak to trough,$17 yz billion, is about as previouslyestimated.

Although 1969 and 1970 profit levelswere lowered sharply by the revisions,the impact on corporate cash flow wassignificantly cushioned by upward re-visions in capital consumption allow-ances. The estimate of corporate cashflow was reduced about $2% billion for1969 but raised $# billion for 1970.

TO READERSThe four pages of charts

regularly appearing in the SURVEYare omitted this month. They willbe restored in August.


State and Regional Personal Income: First Quarter 1971

PERSONAL income rose from thefourth quarter to the first in all eightregions, in 45 of the 50 States, and inthe District of Columbia. Consumerprices increased nationally by nearly1 percent but the income gain wassufficiently vigorous that real incomeapparently expanded in seven regions,in 42 States, and in the District ofColumbia. The Far West region ap-parently had a slight real incomedecline.

For the United States as a whole,personal income increased 2% percentfrom the fourth quarter to the first.Gains were well above the nationalaverage in the Rocky Mountains (4%percent), Plains (3% percent), andGreat Lakes (3 percent). The gains inNew England and the Southeast wereslightly above the national average,while those in the Mideast and South-west were somewhat below. Only theFar West, where income increasedthree-fourths of one percent, registereda gain well below the average.

The States with the largest gains,ranging from 5 percent to a little morethan 7 percent, were Colorado, Michigan,New Mexico, and Georgia. At theother extreme, income was littlechanged in Florida, Louisiana, Idaho,and Kansas and there was a declinein Washington. In Rhode Island, Cali-fornia, and Montana, the gain inincome only approximated the nationalconsumer price rise.

Most regional and State differencesin first quarter income increases aretraceable directly and indirectly todevelopments in two income corn-

Table A.—Percent Change in PersonalIncome, IV-1970 to 1-1971

United States ..

Rocky Mountain. .Plains.Great Lakes _ _New EnglandSoutheast.Mideast_-_ ._.SouthwestFar West

Totalper-sonal

income

2.2

4.53.23.02.82.61.81 6

7

Totalex-farmincome

2 4

3.82 73 43.02.71.92 3

6

Totalex-man-

ufac-turing

payrolls

2. 1

4.33 31 24.12 61 91 71 i

Totalex-farm

andmanu-

fac-turing

2 2

3.52 61 74.42 72 02 51 0

ponents (table A). Manufacturing wageand salary payments rose 3 percentnationally but regional changes rangedfrom a gain of 8 percent to a decline ofmore than \% percent. Farm pro-prietors' income fell 4 percent nationallybut there were regional gains and lossesof as much as 20 percent.

Exceptional regional and State per-formance

The relatively large income gains inthe Rocky Mountains and Plains pri-marily reflect big increases in farmincome that were supported by above-national-average gains in most of theservice-type industries. Income grewat a pace well above the nationalaverage in 8 of che 12 States in theseregions.

Reflecting a full quarter of productionfollowing the end of the auto strike,manufacturing payrolls spurted 8 per-cent in the Great Lakes and this leddirectly to the above-average incomegain in the region. There was anespeciall}7 large rise in manufacturingpayrolls in Michigan and a rise some-what above average in Ohio, resultingin income gains above the nationalaverage in both States.

Four States had very large incomegains; Michigan's centered in automanufacturing, New Mexico's reflectedlarge gains in nearly all income com-ponents, while in Colorado and Georgiathere were large increases in farmincome.

In the Far West, manufacturingpayrolls declined more than 1% per-cent and this Jed to relatively smallchanges in many of the service-typeindustries. Reflecting continued weak-ness in the aerospace industry, therewas a particularly sharp drop inmanufacturing pay in Washington anda more moderate decline in California.As a result, total personal income fellin Washington and grew only slighttyin California.

Theie were six other States whereincome was little changed or up lessthan 1 percent, and farm income wasoff substantially in each. In two of these

States—Rhode Island and Louisiana—manufacturing payrolls also declined.

Table B.—Total Personal Income, by Statesand Regions

[Millions of dollars, seasonally adjusted at annual rates]

United States.—

New England-—

MaineNew Hamp...VermontMassa-

chusettsRhode Island-Connecticut...

Mideast

New YorkNew Jersey. . _Pennsylvania .Delaware.Maryland.....District of

Columbia. ..

Great Lakes

MichiganOhioIndianaIllinoisWisconsin

Plains

MinnesotaIowaMissouriN. DakotaS. DakotaNebraskaKansas

Southeast

Virginia . ._West Virginia.KentuckyTennesseeN. Carolina. _ -S. Carolina.—GeorgiaFloridaAlabamaMississippiLouisianaArkansas

Southwest

OklahomaTexasNew Mexico. .Arizona

RockyMountain. ..

MontanaIdahoWyomingColoradoUtah

Far West.

Washington. _ _Oregon _ _ _ _Nevada _ _ _ _California

AlaskaHawaii

II

797,081

50,509

3,2352,6581,540

24, 7583,750

14, 568

188, 959

87, 24032,50445, 8562,339

16, 843

4,177

165, 117

36, 62642, 58619, 63549,89016,380

59, 396

14, 29210,48016, 9361,7832,0945,5398,272

139, 120

16, 8435,0439,873

12, 04916, 2467,576

15, 18624,3009,7155,803

11,0865,400

57, 573

8,26039, 8763,0966,341

17,560

2,3252,3031,1298,4083,395

114,031

13, 7617,7092,238

90,323

1,4253,391

1970

III

803, 262

50,625

3,2062,6851,566

24, 7863,694

14,688

190, 576

88, 06532, 76646, 2272,337

16, 966

4,215

166,681

36, 25043,08319, 80550,85816, 685

60,302

14,50010, 79217, 1641,7812,0215,4388,606

139, 764

16, 7975,1029,953

12,04216, 3667,487

15, 14024, 8709,7745,652

11, 2435,338

58,268

8,53340, 1283,1816,426

17, 737

2,3892,3051,1108,4793,454

114,463

13, 7847,8862,285

90,508

1,3943,452

IV

809,505

50,706

3,2812,7321,596

24, 4183,808

14,871

193,605

89,47333,67446,6492,378

17,117

4,314

165, 927

35, 70542, 61019, 80251,07516,735

60,556

14,66410, 32817, 2521,8502,1285,5138,821

141,856

17, 0825,269

10, 13112, 27716, 2467,681

15, 12125, 3979,8825,772

11,6605,338

58,355

8,56040, 1813,1046,510

17,800

2,4182,3291,1628,4023,489

115, 689

13,8837,9562,340

91, 510

1,4523,559

1971

I

827, 694

52, 116

3,3202,7771,627

25, 4943,842

15,056

197, 143

90,88434, 22147, 7202,463

17,421

4,434

170,908

37, 69844, 02920,06452, 16216, 955

62,509

15, 21010,60117, 9831,9382,2165,7608,801

145, 478

17, 4695,428

10,26312,79416, 7287,973

15, 89325, 48210,3015,988

11,6615,498

59,287

8,65840, 7003,2696,660

18, 599

2,4362,3241,2009,0123,627

116,512

13, 7318,1302,378

92, 273

1,5113,631

Percentchange

TV

1970—1-1971

2.2

2.8

1.21.61.9

4.4.9

1.2

1.8

1.61.62.33.61.8

2.8

3,0

5.63.31.32.11.3

3.2

3.72.64.24.84.14.5

-.2

2.6

2.33.01.34.23.03.85.1.3

4.23.7.0

3.0

1.6

1.11.35.32.3

4.5

.7-.23.37.34.0

.7

-1.12.21.6.8

4.12.0

NOTE.—Quarterly totals for the State personal incomeseries will not agree with the personal income measure carriedin the national income and product accounts for two reasonsThe State numbers are based on the unrevised nationaltotals of personal income, first published in May 1971. Inaddition, the State series excludes and the national seriesincludes the income disbursed to Government personnelstationed abroad. Revised State quarterly estimates will bepublished in the October SURVEY.



NATIONAL INCOME AND PRODUCT TABLES

1970

1970

III IV

1971

Seasonally adjusted at annual rates

Billions of current dollars

1969 1970

1970

II III IV

1971


Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)

Gross national product. .

Personal consumption expenditures .Durable goodsNondurable goodsServices

Gross private domestic investment

Fixed investment.

Nonresidential .Structures . _ .Producers' durable equipment

Residential structuresNonfarmFarm

Change in business inventories .. . . .Nonfarm .Farm .

Net exports of goods and services

ExportsImports

Government purchases of goods and services

FederalNational defenseOther _. .

State and local

929 1

579 689 9

247 6242 1

137 8

130 4

98 634 564 1

31 831 2

6

7 47 3

1

2 0

55 653 6

209.7

99.278 420 7

110 6

974 1

615 888 6

264 7262 5

135 3

132 5

102 136 865 4

30 429 7

6

2.82 5

3

3 6

62 959 3

219.4

97.275 421 9

122 2

956 0

604 088 6

259.4256 1

131 2

130 8

100 836 164 7

30.029 4

6

.413

3 5

61 558 0

217.3

100 278 921 3

117 1

968 5

613 890 7

262 9260 2

134 1

132 1

102 136 665 6

29 929 3

g

2 11 8

3

4 2

63 259 0

216.5

96 875 121 6

119 7

983.5

620 990 4

265 5265 0

138 6

133 5

104 837 367 5

28 728 1

6

5 14 7

3

4 0

63 759 7

220.1

96 174 221 9

124 0

988 4

624 784 9

270 9268 9

137 3

133 6

100 837 163 7

32 832 2

6

3 73 3

4

2 7

63 260 5

223.7

95 973 222 7

127 9

1 020 8

644 697 6

272 0275 0

143 8

140 6

104 337 966 3

36 435 7

5

3 23 0

2

4 2

66 161 9

228.2

96 773 023 7

131 5

1 040 5

660 1100 0279 4280 7

150 1

145 4

106 137 868 3

39 338 7

6

4 74 2

5

1

65 865 7

230.2

96 072 024 0

134 2

724 7

469 384 8

202 7181 8

109 6

103 2

80 124 555 7

23 122 6

4

6 46 3' 1

1

48 548 3

145.6

73 8

71 9

720 0

475 981 4

207 3187 2

102 2

99 9

78 624 254 4

21 320 9

4

2 32 0

3

2 4

52 249 8

139.4

65 4

74 0

719 8

474 482*3

205 7186 4

101 0

100 7

79 324 654 7

21 421 0

4

3o2

1 7

51 649 9

142.6

69 4

73 2

721 1

477 i83 8

206. 5186 8

102 7

100 7

79 424 455 0

21 320 8

4

2 01 7

3

2 6

52 850 1

138.7

65 3

73 4

723 3

477 982 8

207 3187 9

104 0

100 1

80 124 255 9

20 019 5

4

3 93 6

3

3 2

52 449 2

138.2

63 8

74 3

715 9

474 276 6

209 7187 9

101 2

98 1

75 523 552 o

22 622 2

4

3 12 8

4

2 1

51 949 8

138.3

63 2

75 2

729 7

484 886 7

209 2188 8

104 7

102 1

77 523 853 7

24 624 2

4

2 62 4

2

2 6

52 850 1

137.6

61 5

76 1

736 3

491 588 5

212 7190 2

108 3

104 3

78 223 055 2

26 125 7

4

4 03 6

4

_ 7

52 553 2

137.2

60 6

76 6

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)


Final salesChange in business inventories

Goods output. - - . . -

Final salesChange in business inventories .

Durable goodsFinal sales -.- _ .-_ ._.Change in business inventories

Nondurable goodsFinal sales _ _Change in business inventories

Services . -

Structures

929 1

921 77 4

457.3

449 97 4

185 3180.9

4 5

272 0269 0

2 9

377.4

94.4

974 1

971 32 8

468.3

465 52 8

180 2180 8— 6

288 1284.7

3 4

410.3

95 5

956 0

955 64

461.9

461 54

179 8181 5—1 8

282 1279 9

2 2

400.8

93 4

968 5

966 52 1

468.6

466 62 1

181 8183 7—2 0

286 9282 9

4 o

406.2

93 7

983 5

978 45 1

474 9

469 85 1

189 6184 9

4 7

285 3284 9

4

413.7

94 9

988 4

984 73 7

467.7

464 03 7

169 7173 1— 3 4

297 9290 9

7 1

420.6

100 1

1 020 8

1 017 63 2

483.2

480 03 2

191 8188 0

3 8

291 4292 0

— 6

432.3

105 2

1 040 5

1 035 84 7

493 0

488 34 7

193 8190 5

3 3

299 2297 8

1 4

439.9

107 7

724 7

718 26 4

389 9

383 46 4

165 9162 1

3 8

224 0221 4

2 6

267.8

67 0

720 0

717 72 3

383.0

380 72 3

156 1156 8— 6

226 9223 9

3 0

273.4

63 6

719 8

719 53

382.7

382 43

157 7159 4—1 6

225 0223 0

1 9

273.0

64 1

721 1

719 12 0

385.4

383 42 0

158 8160 3— 1 5

226 7223 1

3 6

272.3

63 4

723 3

719 43 9

387.2

383 33 9

163 7160 0

3 7

223 5223 3

2

273.9

62 2

715 9

712 83 1

376.7

373 63.1

144 4147.5—3 1

232 3226.1

6 2

274.5

64 7

729 7

727 12 6

386.6

384 02.6

161 9158.7

3 2

224 7225.3

6

276.1

67 0

736

7324

391.

3874.

163160.

2

228.227.

1

277.

67

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)


Private - - - - - . . .

BusinessNonfarmFarm

Households and institutions - _

Rest of the world. . _. . _ . _

General government

929.1

825.3

792 5764 528 0

28.5

4.3

103.8

974.1

859.8

823 4795 228 2

31.7

4.6

114.4

956.0

844.5

809 1779 3

29 8

30.9

4.5

111.6

968 5

854.8

819 7790 928 8

31.0

4.1

113 8

983 5

868.3

831 3804 127 1

32.1

4.8

115.2

988 4

871.6

833 5806 4

27 1

33.0

5.1

116.8

1,020 8

899 5

859 6831 528 1

34.2

5.6

121 3

1,040 5

917.4

876 8847 828 9

35.0

5.7

123.1

724 7

664.0

643 5619 3

24 2

16.5

4.0

60.7

720 0

659.4

638 5614 623 9

17.0

4.0

60.6

719.8

659.1

637 9614 4

23 5

17.1

4.1

60.7

721. 1

660.4

640 1616 1

23 9

16.8

3.6

60.7

723.3

662.8

641 8618 6

23 2

17.0

4.0

60.5

715.9

655.4

634 1609 224.9

17.1

4.2

60.5

729.7

669.0

646.9622 024.9

17.6

4.5

60.8

736.

675.

653.628.25.

17.

4.

61.

p Preliminary.

HISTORICAL STATISTICS

National income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,Statistical Tables (available at $1 from Commerce Department Field Offices or the Superintendent of Documents; see addresses insidefront cover). Each July SURVEY contains preliminary data for the latest 2 j^ears and final data for the preceding 2. The July 1971 issue hasdata for 1967-70. Prior July issues have final data as follows: 1964-65, July 1968; 1965-66, July 1969; 1966-67, July 1970. QBE will provideon request a reprint of final data for the years 1964-67.


6 SURVEY OF CURRENT BUSINESS July 1971

Table 4.—Relation of Gross National Product, National Income,and Personal Income (1.9)


Less: Capital consumption allow-ances . . .- .

Equals: Net national product _ . .

Less: Indirect business tax andnontax liability .

Business transfer payments..Statistical discrepancy

Plus: Subsidies less current surplusgovernment enterprises

Equals : National income ._

Less: Corporate profits and inven-tory valuation adjustment.

Contributions for social in-surance

Wage accurals less disburse-ments

Plus: Government transfer pay-ments to persons. - - -

Interest paid by government(net) and by consumers

DividendsBusiness transfer payments. _

Equals: Personal income . ..

929.1

81.1

848.0

85.7

3.7-4.1

1.1

763.7

78.6

54.0

.0

62.2

29.024.43.7

750.3

974.1

87.6

886.5

92.9

3.9-4.5

1.7

795.9

70.8

57 6

.0

75.6

31.725.03.9

803.6

956.0

85.4

870.6

89.7

3.8-7.3

1.4

785.8

69.8

56 2

2.5

67.4

30.925.03.8

784.3

968.5

86.9

881.6

91.9

3.9-5.8

1.8

793.4

71.5

57 4

-2.1

77.3

31.124.93.9

803.8

983.5

88.2

895.3

94.2

4.0-3.2

1.9

802.2

73.0

58 4

—.4

77.2

32.225.24.0

809.8

988.4

89.8

898.6

95.8

4.1-1.6

1.7

802 1

69 0

58 5

0

80.7

32.425 04.1

816.7

1 020 8

91.7

929.1

99.3

4.2-4.9

1.6

832.2

79 0

63 9

.0

83.7

32.025.64.2

834.7

1 040 5

93.2

947.4

101.6

4.2

.8

64.9

.0

91.8

31.825.44.2

855.0

Table 5.—Gross Auto Product in Current and Constant Dollars(1.15, 1.16)

Gross auto product *

Personal consumption expenditures-Producers' durable equipment. ._Change in dealers' autoinventories.

Net exports.. ... .ExportsImports

Addenda :

New cars, domestic 2 ... .New cars, foreign

Gross auto product J

Personal consumption expenditures-Producers' durable equipment _ _ _Change in dealers' auto inventories -

Net exportsExportsImports .

Addenda :

New cars, domestic 2

New cars, foreign .. _ - _

Billions of current dollars

36.6

31.75.6.1

-1.12.23.4

32.25.6

30.6

28.04.9-.9

-1.82.03.7

26.06.3

30.9

28.95.1

-1.7

-1.71.93.6

26.36.4

35.2

29.95.31.1

-1.42.43.8

30.36.7

34.1

29.65.2.5

-1.62.23.7

30.25.5

22.0

23.54.1

-3.6

-2.31.43.7

17.16.5

42.1

33.96.04.1

-2.22.64.8

36.77.9

40.5

34.56.11.6

-2.12.64.7

34.68.0


35.0

30.35.4.1

-1.12.23.3

31.45.5

28.3

25.94.6-.9

-1.71.93.6

24.76.0

29.1

27.34.9

-1.6

-1.71.93.6

25.36.1

33.0

28.05.01.1

-1.32.43.7

29.06.4

31.6

27.44.9.5

-1.52.13.6

28.65.2

19.6

21.13.7

-3.4

-2.21.33.5

15.86.0

36.8

29.55.33.8

-2.02.44.4

32.97.1

35.2

29.95.31.5

-1.92.44.3

30.97.2

1969 1970

1970

I II III IV

19

I*

71

IP*


Billions of dollars

Table 6.-— National Income by Type of Income (1.10)

National income

Compensation of employees

Wages and salaries

PrivateMilitaryGovernment civilian

Supplements to wages and salaries. .Employer contributions for social

insurance -

Other labor income

i"ropietors' income

Business and professional . .Farm -. ...

Rental income of persons

Corporate profits and inventory valua-tion adjustment

Profits before tax

Profits tax liabilityProfits after tax

DividendsUndistributed profits ... .

Inventory valuation adjustment

Net interest

763.7

565.5

509.6

405.519.085.1

56.0

27.8

28.2

67.0

50.316.8

22.6

78.6

84.2

39.744.524.420.0

-5.5

29.9

795.9

601.9

541.4

426.619.495.5

60.5

29.6

30.8

66.9

51.015.8

23.3

70.8

75.4

34.141.225.016.2

-4.5

33.0

785.8

593.2

534.7

422.520.292.1

58.5

28.7

29.8

68.0

50.217.8

23.0

69.8

75.6

34.141.625.016.6

-5.8

31.8

793.4

598.5

538.5

424.419.594.5

60.0

29.5

30.4

67.6

51.016.6

23.2

71.5

75.8

34.541.324.916.4

-4.2

32.6

802.2

606.5

545.2

429.419.296.6

61.3

30.1

31.2

66.0

51.414.5

23.4

73.0

78.5

35.642.925.217.7

-5.5

33.4

802.1

609.3

547.2

429.918.698.6

62.1

30.1

32.0

65.9

51.514.4

23.7

69.0

71.6

32.339.225.014.3

-2.6

34.2

832.2

627.9

562.3

441.219.2

101.8

65.7

33.1

32.6

66.4

51.614.8

23.8

79.0

82.6

37.944.725.619.1

-3.5

35.0

639.6

572.6

450.018.6

104.0

67.0

33.6

33.4

67.1

51.915.2

24.2

25.4

-5.2

35.8

Table 7. — National Income by Industry Division (1.11)

All industries, total

Agriculture, forestry, and fisheries]V£ining and constructionM anuf acturing

Nondurable goodsDurable goods

T ransportationCommunicationElectric, gas. and sanitary servicesWholesale and retail trade - ._

Finance, insurance, and real estateServices.. - - -. -Government and government enter-

prisesRest of the world

763.7

24.847.5

221.985.7

136.2

28.815.714.1

114.8

82.894.6

114.34.3

795.9

24.549.4

217.787.4

130.3

29.516.914.4

122.1

87.0103.2

126.54.6

785.8

26.349.0

220.887.1

133.7

28.916.414.1

118.9

83.5100.3

123.14.5

793.4

25.248.9

220.186.9

133.2

29.016.814.2

121.6

85.5102.2

125.94.1

802.2

23.249.5

219.987.9

132.0

29.917.214.6

123.1

88.3104.0

127.74.8

802.1

23.350.3

210.187.8

122.4

30.017.314.8

124.7

90.9106.2

129.45.1

832.2

23.950.6

224.889.9

134.9

32.017.515.3

127.0

92.6108.8

134.15.6

Table 8.—Corporate Profits (Before Tax) and Inventory ValuationAdjustment by Broad Industry Groups (6.12)

1. The gross auto product total includes government purchases.2. Differs from the gross auto product total by the markup on both used cars and foreign

cars.*Estimates of capital consumption allowances, corporate profits, proprietors' income, and

corporate profits taxes do not yet reflect the liberalized depreciation rules.p Preliminary.

All industries, total .

Financial institutions

Non financial corporations _

ManufacturingNondurable goodsDurable goods

Transportation, communication,and public utilities . - - - - - - - -

All other industries

78.6

12 1

66.5

36.017.518.4

10.020.6

70.8

12 8

58.1

29.516.613.0

8.020.5

69.8

11 3

58.5

31.116.714.3

8.219.2

71.5

12 1

59.4

31.516.514.9

7.820.1

73.0

13.5

59.5

30.616.813.8

7.920.9

69.0

14.0

54.9

25.016.28.8

8.121.9

79.0

14.2

64.8

33.917.116.9

8.522.4



1969 1970

1970

I II III IV

1971

I * II *P


Billions of dollars

Table 9.—Gross Corporate Product1 (1.14)

Gross corporate product

Capital consumption allowancesIndirect business taxes plus transfer

payments less subsidies

Income originating in corporate busi-ness

Compensation of employees ... .Wages and salariesSupplements

Net interest

Corporate profits and inventoryvaluation adjustment

Profits before tax. . - . .Profits tax liabilityProfits after tax. .

DividendsUndistributed profits

Inventory valuation adjustment- .

Cash flow, gross of dividendsCash flow, net of dividends.

Gross product originating infinancial institutions

Gross product originating innonfinancial corporations


payments less subsidies

Income originating in nonfinancialcorporations

Compensation of employeesWages and salariesSupplements

Net interest


Profits before taxProfits tax liabilityProfits after tax


Inventory valuation adjustment...

Cash flow, gross of dividendsCash flow, net of dividends

Gross product originating innonfinancial corporations

Current dollar cost per unit of1958 dollar gross productoriginating in nonfinancialcorporations 2


. payments less subsidiesCompensation of employeesNet interest

Corporate profits and inventory valu-ation adjustment

Profits tax liabilityProfits after tax plus inven-

tory valuation adjustment...

526.3

51.3

49.2

425.9

350.5311.139.4

1.2

74.279.739.740.022.417.6

—5.5

91.368.9

24.3

502.0

49.5

47.1

405. 5

330.5293.736.9

12.9

62.167.633.434.220.913.3

—5.5

83.862.9

541.6

56.2

52.2

433.1

366.0324.241.8

1.1

66.070.634.136.422.813.6

—4.5

92.669.8

25.4

516.2

54.1

49.9

412.2

344.2305.239.0

14.8

53.357.827.130.721.19.6

—4.5

84.863.7

534.3

54.4

50.9

429.0

363.0322.140.9

1.3

64.870.634.136.622.713.8

—5.8

91.068.2

23.9

510.4

52.5

48.6

409.3

341.7303.538.2

14.2

53.559.327.731.621.010.6

—5.8

84.163.0

540.1

55.7

51.9

432.6

364.2322.941.3

1.2

67.271.434.536.923.013.9

—4.2

92.669.6

24.6

515.5

53.6

49.5

412.4

342.7304.238.6

14.6

55.059.327.731.521.210.3

—4.2

85.263.9

547.6

56.7

52.8

438.1

368.8326.542.3

1.1

68.273.635.638.123.015.1

—5.5

94.871.8

26.1

521.5

54.5

50.4

416.5

346.9307.439.5

15.0

54.660.128.231.921.210.7

—5.5

86.565.3

544.3

58.0

53.4

432.9

367.9325.242.7

1.0

64.066.632.334.322.711.6

—2.6

92.369.6

26.9

517.4

55.7

50.9

410.7

345.4305.639.8

15.4

50.052.624.827.820.96.9

—2.6

83.562.7

568.6

59.1

55.6

453.8

378.9333.945.0

1.0

73.977.537.939.623.216.4

—3.5

98.775.5

27.7

540.9

56.8

52.9

431.2

355.7313.941.9

15.8

59.763.330.532.721.411.4

—3.5

89.568.1

60.3

56.6

386.1340.245.9

1.1

—5.2

57.8

54.0

362.1319.542.6

16.2

—5.2


430.5 425.0 428.2 427.7 427.6 416.7 431.8

Dollars

1.166

.115

.109768

.030

144.078

.067

1.215

.127

.117810

.035

125.064

.062

1.192

.123

.114798

.033

125.065

.060

1.205

.125

.116801

.034

129.065

.064

1.220

.128

.118811

.035

128.066

.062

1.242

.134

.122829

.037

120.059

.060

1.253

.131

.122824

.037

138.071

.068

1. Excludes gross product originating in the rest of the world.2. This is equal to the deflator for gross product of nonfinancial corporations, with the decimal

point shifted two places to the left.3. Personal saving as a percentage of disposable personal income.* See footnote on page 6.» Preliminary.

1969 1970

1970

I II III IV

1971

I * II **>


Billions of dollars

Table 10.—Personal Income and its Disposition (2.1)

Personal income

Wage and salary disbursementsCommodity-producing industries..

Manufacturing.Distributive industriesService industries . ,Government

Other labor income

Proprietors' income-Business and professionalFarm ..

Rental income of personsDividendsPersonal interest income _ . .

Transfer payments- -Old-age, survivors, disability, and

health insurance benefits-State unemployment insurance

benefitsVeterans benefitsOther - -

Less: Personal contributions forsocial insurance

Less: Personal tax and nontax pay-ments - - -

Equals: Disposable personal income.. .

Less : Personal outlaysPersonal consumption expenditures-Interest paid by consumersPersonal transfer payments to for-

eigners

Equals : Personal saving

Addenda :Disposable personal income:

Total billions of 1958 dollarsPer capita current dollarsPer capita 1958 dollars

Personal savine rate.3 oercent -

750 3

509.6197.4157 6120.088.1

104.1

28.2

67 050 316 8

22 624 558 8

65 9

33 0

2 18 3

22 5

26.3

116.2

634.2

5% 3579. 615 8

.9

37.9

513.53,1302,535

6.0

803 6

541.4200.7158 3129 196 7

114 8

30 8

66 951 015 8

23 325 064 7

79 6

38 5

3 99 7

27 4

28.0

115.9

687.8

633 7615.816 9

.9

54.1

531.53,3582,595

7.9

784 3

532.2202.2160 1126 094 3

109 8

29 g

68 050 217 8

23 025 062*7

71 1

34 2

2 69 1

25 2

27.4

116 7

667.6

621 5604.016 5

1.0

46.2

524.43,2722,570

6.9

803 8

540.6200.9158 9127 995 6

116 2

30 4

67 651 016 6

23 224 963 7

81 1

41 4

3 69 5

26 7

27.8

118.0

685.7

631.5613.816 8

1.0

54.2

533.03,3532,606

7.9

809 8

545.6201.4159 1130 797 2

116 2

31 2

66 051 414 5

23 425 265 6

81 2

39 0

4 29 9

28 1

28.3

113.5

696.2

638 9620.917 1

.9

57.4

536.03,3952,613

8.2

816 7

547.2198.4155 1131 899 7

117 3

32 0

65 951 514 4

23 725 066 7

84 8

39 4

5 110 429 8

28.4

115.2

701.5

643 0624.717 4

.9

58.5

532.53,4102,588

8.3

834 7

562.3203.2159 6135 5102 6121 0

32 6

66 451 614 8

23 825 667*0

87 9

40 7

5 011 031 1

30 9

112.7

722.0

663 2644.617 7

.9

58.8

543.03,5002,632

8.1

OKK A

572.6206.8161 7138 3104 9122 6

33 4

67 151 915 2

24 225 467 5

96 0

47 0

5 911 431 8

31.3

113.9

741.1

679 0660.117.9

1.0

62.1

551.73,5842,669

8.4

Table 11.—Personal Consumption Expenditures by Major Type (2.3)

Personal consumption expendi-tures - - --

Durable goods

Automobiles and parts -Furniture and household equipment .Other

Nondurable goods . .

Food and beverages . . .Clothing and shoesGasoline and oilOther -

Services .. . . . . .

HousingHousehold operationTransportation . . .Other --- -

579.6

89.9

40.436.313.3

247.6

122.550.321.153.7

242.1

84.033.716.5

107.8

615.8

88.6

37.137.414.2

264.7

131.852.622.957.5

262.5

91.236.117.9

117.3

604.0

88.6

37.837.313.5

259.4

128.951.622.556.4

256.1

88.735.117.5

114.8

613.8

90.7

39.137.614.0

262.9

131.452.122.656.9

260.2

90.335.717.6

116.6

620.9

90.4

38.837.014.6

265.5

132.452.422.957.8

265.0

91.836.718.1

118.3

624.7

84.9

32.737.614.6

270.9

134.354.223.559.0

268.9

94.136.918.3

119.5

644.6

97.6

44.139.514.0

272.0

135.154.923.858.3

275.0

96.437.718.6

122.3

660.1

100.0

45.440.114.5

279.4

137.956.924.360.4

280.7

98.538.618.9

124.6

Table 12.—Foreign Transactions in the National Income andProduct Accounts (4.1)

Receipts from foreigners .. .

Exports of goods and services

Capital grants received by the UnitedStates . .

Payments to foreigners. . . - - . _

Imports of goods and services

Transfers to foreignersPersonal -Government -

Net foreign investment

55.6

55.6

55.6

53.6

2.9.9

2.1

-.9

63.8

62.9

.9

63.8

59.3

3.1.9

2.2

1.3

62.4

61.5

.9

62.4

58.0

3.01.02.1

1.4

64.1

63.2

.9

64.1

59.0

3.01.02.0

2.0

64.6

63.7

.9

64.6

59.7

3.2.9

2.3

1.6

64.0

63.2

.9

64.0

60.5

3.3.9

2.4

.2

66.8

66.1

.7

66.8

61.9

3.1.9

2.2

1.8

66.5

65.8

.7

66.5

65.7

3.21.02.2

-2.3Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


1969 1970

1970

I II III IV

1971

I * II *P


Billions of dollars

1969 1970

1970

I II III IV

1971

I* II*

Seasonally adjusted

Index numbers, 1958=100

Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2) Table 16.—Implicit Price Deflators for Gross National Product (8.1)

Federal Government receipts-

Personnel tax and nontax receipts. _ .Corporate profits tax accruals _ ,Indirect business tax and nontax

accurals - . _.Contributions for social insurance.. .

Federal Government expenditures

Purchases of goods and servicesNational defenseOther . -- . . ...

Transfer paymentsTo persons. . .To foreigners (net)

Grants-in-aid to State and local gov-ernments ._ - - - - -

Net interest paid. _

Subsidies less current surplus of gov-ernment enterprises

Less : Wage accruals less disburse-ments

Surplus or deficit (— ), nationalincome and product accounts

Table 14. — State and Local G

State and local government receipts

Personal tax and nontax receipts

Indirect business tax and nontax

Contributions for social insurance

State and local government expendi-

Transfer payments to personsNet interest paidLess: Current surplus of government

Surplus or deficit ( — ), nationalincome and product accounts

196.9

94.936.3

19.046.8

189.5

99.278.420.7

52.450.42.1

20.3

13.1

4.6

.0

7.3

191.5

92.230.6

19.349.3

205.1

97.275.421.9

63.461.22.2

24.4

14.6

5.5

.0

-13.6

191.6

93.830.6

19.048.2

196.1

100.278.921.3

56.154.02. 1

23.0

14.3

5.0

2.5

-4.5

193.8

94.530.9

19.149.2

207.9

96.875.121.6

65.363.32.0

23.9

14.3

5.5

-2.1

-14.1

191.3

89.731.9

19.750.0

206.7

96.174.221.9

64.662.42.3

24.9

15.0

5.8

-.4

-15.4

189.3

91.029.0

19.449.8

209.8

95.973.222.7

67.565.02.4

25.9

14.8

5.7

.0

-20.5

197.2

87.634.0

20.655.0

213.2

96.773.023.7

69.667.42.2

27.3

14.0

5.7

.0

-15.9

overnment Receipts and Expend!)(3.3, 3.4)

119.0

21.33.4

66.7

7.320.3

118.9

110.611.8

.0

3.5

1

133.4

23.63.5

73.6

8.324.4

132.9

122.214.4

.1

3.8

5

128.0

23.03.5

70.7

7.923.0

126.9

117.113.3

.1

3.6

1 i

131.9

23.53.5

72.8

8.223.9

130.0

119.714.0

.1

3.8

1 9

135.3

23.83.7

74.5

8.424.9

135.1

124.014.8

.1

3.9

.2

138.5

24.23.3

76.4

8.725.9

139.8

127.915.6

.2

4.0

— 1.3

143.8

25.13.9

78.7

8.927.3

144.1

131.516.4

.3

4.0

— 3


88. 2 Personal consu mption expenditures - . .

Durable goods20. 6 Nondurable goods55.8 Services - .. . _ ...

220. 1 Gross private domestic investment .

96. 0 Fixed investment72.024.0 Nonresident! al _

77. 1 Structures74. 9 Producers' durable equipment _ .2.2

Residential structuresNonfarm

28. 7 Farm

13. 5 Change in business inventories

Net exports of goods and services. _ .4.8

ExportsImports - . .

.0Government purchases of goods and

services

Federal•State and local

tures

Table 17.— Implicit Price De

25 7 Gross national product-Final sales - -

81 0Goods output

9. 12g 7 Durable goods -

Nondurable goods147'4 Services

134 2 Structures16.9 A J J .3 Addendum :

4 ! Gross auto product..

Table 18. — Implicit Price Del

128.21

123.5

106.0122.1133.2

126.4

123.0

141.1115.1

137.9137.9133.2

114.7110.8

144.0

134.4153.9

135.29

129.4

108.9127.7140.2

132.6

130.0

152.0120.1

142.4142.5138.6

120.6119.2

157.3

148.6165.1

132.82

127.3

107.6126.1137.4

129.8

127.0

146.9118.1

140.1140.2136.6

119.2116.2

152.4

144.3160.0

134.32

128.7

108.2127.4139.3

131.2

128.6

149.6119.3

140.9140.9138.5

119.8117.7

156.1

148.2163.1

135. 97

129.9

109.2128.1141.0

133.3

130.7

154.1120.6

143.8143.9139.4

121.6121.4

159.3

150.5166.8

138.07

131.7

110.8129.2143.1

136.2

133.6

157.9122.6

144.7144.8140.0

121.7121.5

161.7

151.8170.2

139.88

133.0

112.5130.0145.6

137.7

134.5

159.6123.4

147.9148.0141.4

125.2123.4

165.8

157.2172.8

141.33

134.3

112.9131.4147.6

139.4

135.8

164.4123.8

150.4150.5143.7

167.8

158.3175.4

flators for Gross National Product bype of Product (8.2)

128.21128.3

117.3

111.7121.4

140.9

140.9

104.5

135. 29135.3

122.3

115.4127.0

150.1

150.2

107.9

132.82132.8

120.7

114.0125.4

146.8

145.7

106.2

134.32134.4

121.6

114.5126.6

149.2

147.9

106.6

135.97136.0

122.6

115.8127.6

151.0

152.5

107.8

138.07138.2

124.1

117.5128.3

153.2

154.9

112.4

139.88140.0

125.0

118.5129.7

156.6

157.1

114.4

141.33141.5

125.9

118.9130.8

158.5

160.5

115.1

lators for Gross National Product byk,rk<^-f-«-k.v. fQ A\

Table 15.—Sources and Uses of Gross Saving (5.1)

Gross private saving

Personal saving -.. . .Undistributed corporate profitsCorporate inventory valuation ad-

justment. . -.- .Corporate capital consumption

allowancesNoncorporate capital consumption

allowancesWage accruals less disbursements

Government surplus or deficit (— ),national income and productaccounts... . ... .

FederalState and local

Capital grants received by the UnitedStates .__

Gross investment

Gross private domestic investment..Net foreign investment

Statistical discrepancy. _

133.5

37.920.0

-5.5

51 3

29 9.0

7.4

7.31

136.9

137.8-.9

-4.1

153.4

54. 116.2

-4.5

56 2

31 4.0

-13.1

— 13.65

.9

136.6

135.31.3

—4.5

142.4

46.216.6

-5.8

54 4

31 0.0

-3.4

-4.51 i

.9

132.6

131.21.4

-7.3

153.3

54.216.4

-4.2

55.7

31 3.0

-12.2

-14.11 9

.9

136.2

134.12.0

-5.8

157.8

57.417.7

-5.5

56 7

31 5.0

-15.2

-15.42

.9

140.2

138.61.6

-3.2

160.0

58.514.3

-2.6

58 0

31 8.0

-21.7

-20.5— 1 3

.9

137.5

137.3.2

-1.6

166.0

58.819.1

-3.5

59.1

32 5.0

-16.2

-15.9— 3

.7

145.6

143.81.8

-4.9

62. 1

-5.2

60.3

32 9.0

.7

147.8

150.1-2.3


Private

Business . . - . - - .NonfarmFarm .

Households and institutions

General government . . . . .

128. 21

124. 29

123.2123.5115.5

172.8

171.1

135.29

130.38

129.0129.4118.0

186.8

188.7

132.82

128. 13

126.8126.8126.8

183.8

134.32

129. 43

128.1128.4120.0

187.5

135.97

131.00

129.5130.0116.8

190.4

138.07

132. 98

131.4132.4108.4

193.2

139.88

134. 45

132.9133.7112.8

199.6

141.33

135.86

134.2135.0115.6

201.9

Table 19.—Gross National Product: Change from PrecedingPeriod (7.7)

*See footnote on page 6.v Preliminary.

$?;

Gross national product:. 7 Current dollars

Constant dollars147.8 Implicit price deflator

Chain price index150.1—2.3 Gross private product :

Current dollarsConstant dollarsImplicit price deflatoruhain price index _ . -

Percent

7.52.54.84.9

7.32.64.54.6

4.8— . 65.55.3

4.2-.74.94.7

Percent at annual rate

3.4-3.0

6.65.7

2.2-3.1

5.44.5

5.3.7

4.65.0

5.0.8

4.14.6

6.31.35.04.7

6.51.54.94.5

2.0-4.1

6.35.5

1.5-4.4

6.25.4

13.88.05.36.4

13.48.54.55.5

8.03.64.24.7

8.23.84.24.7


U.S. National Income and Product Accounts, 1967-70

THE complete set of national incomeand product tables for the 1967-70period is presented on pages 13 to 45of this issue of the SURVEY. As is thepractice each July, estimates for the 3most recent years have been revised.The estimates for 1967 and earlierperiods have not been changed.

The revisions in GNP and personalincome are minor, as can be seen fromthe accompanying table. Revisions ofmost component series were also rela-tively minor. Corporate profits beforetax and the major aggregate to which itcontributes, national income, were re-vised substantially. This is discussedbelow.

The statistics published in this issueupdate the previous estimates for 1968-70 by incorporating a wide range ofnew and revised data from variousGovernment agencies and private or-ganizations. The most important ofthe new data are: Internal RevenueService business tax return statistics,which are the basis for estimating busi-ness profits for 1968 and 1969; Stateunemployment insurance payroll statis-tics, which provide new information forthe wage and salary estimates for 1970;new data from the Health, Education,and Welfare Department on contribu-tions to health insurance in 1969, whichenter into the computation of "otherlabor income;" 1968 and 1969 AnnualSurvey of Manufactures, which con-tribute to the estimation of producers'durable equipment; revised Censusstatistics on business inventories, whichconstitute the principal source of theestimates of the book value change innonfarm business inventories for 1968-70; the Federal budget for fiscal year1972 and other Government financialreports, which are used to update theFederal Government components ofthe national accounts; and Censusstatistics on the finances of Stategovernments for fiscal year 1970. Thequarterly estimates incorporate, in ad-dition to the revised or newly availablesource data, updating of seasonaladjustments.

In the standard method used in theestimation of a number of goodscomponents of consumer purchases,Census data on retail trade are heavilyrelied upon as extrapolators of thebenchmark estimates which are derived

by the commodity flow method. Be-cause of problems resulting from achange in the retail sample design in1968 and 1969, reliance was placed onCensus data on manufacturers' ship-ments of consumer-type goods to pro-duce the 1968 and 1969 figures shownin this report.

Revision of corporate profitsThe very substantial downward re-

vision in corporate profits before taxaffecting 1969 (see table) and subse-quent periods occurred largely becauseof the substitution of estimates basedon tax returns to Internal RevenueService for the extrapolated 1969 totalsthat were published a year ago. Thebulk of the revision occurred in manu-facturing where the Quarterly FinancialReport for Manufacturing Corporations,a joint report of the Federal TradeCommission and Securities and Ex-change Commission which is the datasource for the early estimates indicatedthat manufacturers' profits rose be-tween 1968 and 1969. The newlyavailable Internal Revenue Servicecompilation, on the other hand, showsthat 1969 manufacturers' tax-returnincome (less deficit) was substantiallybelow the total reported for 1968.Similar revisions occurred in otherindustry groups where tax return data

replaced estimates based on data fromregulatory agencies or largely on reportsto stockholders.

Back dataSummary historical data are on

page 46. Table numbers and titles areas in previous July SURVEYS and in theSURVEY supplement, The National In-come and Product Accounts of the UnitedStates, 1929-1965, Statistical Tables.Data for years prior to 1964 are inthat supplement, with the exception ofthe following series which were pub-lished in the issues of the SURVEYlisted: table 1.14, gross product ofnonfinancial corporations in 1958 dol-lars, May 1967 issue; tables 1.21 and1.22, gross product by industry, April1967; table 2.1 addenda, disposablepersonal income per capita, September1967, and personal saving rate, Decem-ber 1970; table 8.2, implicit pricedeflator for final sales, December 1970;table 8.4, implicit deflators by sector,September 1967. Data for 1964 and1965 are in the July 1968 SURVEY,for 1965-66 in the July 1969 issue, andfor 1966-67 in the July 1970 issue. Onrequest, OBE will provide users with aspecial reprint containing final datafor 1964-67 as well as selected historicaldata printed in various SURVEYS, aslisted above.

GNP, National Income, Corporate Profits, and Personal Income

196819691970

196819691970

196819691970

GNP in currentprices

1971revi-sion

Pre-vious

Dif-fer-ence

GNP in 1958 prices

1971revi-sion

Pre-vious

Dif-fer-ence

National income

1971revi-sion

Pre-vious

Dif-fer-

ence

Corporate profitsbefore tax

1971revi-sion

Pre-vious

Dif-fer-ence

Personal income

1971revi-sion

Pre-vious

Dif-fer-

ence

Billions of dollars

864.2929.1974.1

865.0931.4976.5

-.8-2.3-2.4

706.6724.7720.0

707.2727.1724.1

-.6-2.4-4.0

711.1763.7795.9

712.7769.5800.1

-1.5-5.8-4.2

87.684.275.4

88.791.281.3

-1.1-7.0-5.9

688.9750.3803.6

688.7748.9801.0

.21.52.6

Year-to-year change, billions of dollars

70.364.945.0

71.166.445.1

0

-1.5-.1

31.518.0

-4.6

32.119.8

-3.0

-.6-1.8-1.7

57.652.532.2

59.156.830.6

-1.5-4.3

1.7

7.8-3.4-8.8

8.92.5

-9.9

-1.1-5.9

1.1

59.661.453.3

59.460.152.1

Year-to-year change, percent

8.97.54.8

9.07.74.8

-.1-.2

.0

4.72.5-.6

4.82.8-.4

-.1-.3-.2

8.87.44.2

9.08.04.0

-.2-.6

.3

9.8-3.9

-10.5

11.22.8

-10.9

-1.4-6.7

.4

9.58.97.1

9.48.77.0

.21.31.2

.0

.2

.1

438-052 O - 71 - 2Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

10 SURVEY OF CURRENT BUSINESS

Table A.—Summary National Income and Product Accounts, 19701

July 19T1

[Billons of dollars]

1.—National Income and Product Account

Line

1

23456

7

8

9

10

111213141516

17

18

192021

22?3

Compensation of employees - __

Wages and salaries.Disbursements (2— 7)__Wage accruals less disbursements (3-7+5-4)

Supplements to wages and salariesEmployer contributions for social insurance

(3-15)Other labor income (2—8) _ _

Proprietors' income (2—9) _

Rental income of persons (2—10)

Corporate profits and inventory valuation adjustment

Profits before taxProfits tax liability (3-12)

Profits after tax _Dividends (2-11)Undistributed profits (5-5)

Inventory valuation adjustment (5—6)

N e t interest (2-13) _ _ _ _ _ . . _ _ _ _

NATIONAL INCOME

Business transfer payments (2—17)Indirect business tax and nontax liability (3— 13) __Less: Subsidies less current surplus of government enter-

prises (3—6)Capital consumption allowances (5—7)Statistical discrepancy (5—10)

CHARGES AGAINST GROSS NATIONAL PRODUCT

601.9

541.4541.4

. 060. 5

29. 630. 8

66.9

23.3

70.8

75. 434. 141. 225.016. 2

— 4. 5

33. 0

795.9

3. 992. 9

1. 787. 6

— 4. 5

974.1

Line

24

252627

282930313233

34

35

3637

38

39404142

Personal consumption expenditures (2—3)

Durable goodsNondurable goods _ _Services

Gross private domestic investment (5-1) .Fixed investment

NonresidentialStructuresProducers' durable equipment-

Residential structures _

Change in business inventories

Net exports of goods and services.

Exports (4-1)Imports (4-3)

Government purchases of goods and services (3—1)

FederalNational defenseOther

State and local

GROSS NATIONAL PRODUCT

615. 8

88. 6264. 7262. 5

135.3132. 5102. 136. 865. 430.4

2. 8

3. 6

62. 959. 3

219. 4

97. 275. 421. 9

122. 2

974. 1

2.—Personal Income and Outlay Account

Personal tax and nontax payments (3-11) 115. 9

Personal outlays 633. 7

Personal consumption expenditures (1-24) 615. 8

Interest paid by consumers (2-15) 16. 9

Personal transfer payments to foreigners (net) (4-5) _ . 9

Personal saving (5-3) 54. 1

PERSONAL TAXES, OUTLAYS, AND SAVING 803.6

9

10

11

12131415

161718

19

Wage and salary disbursements (1-3) 541. 4

Other labor income (1-7) 30. 8

Proprietors' income (1-8) 66. 9

Rental income of persons (1-9) 23. 3

Dividends (1-14) 25. 0

Personal interest income 64. 7Net interest (1-17) 33. 0Net interest paid by government (3-5) 14. 7Interest paid by consumers (2-4) 16. 9

Transfer payments to persons 79. 6From business (1-19) 3. 9From government (3-3) 75. 6

Less: Personal contributions for social insurance (3-16) 28. 0

PERSONAL INCOME 803.6

1. Numbers in parentheses indicate accounts and items of counter-entry in the accounts.


July 1971 SURVEY OF CURRENT BUSINESS 11


3.—Government Receipts and Expenditures Account

Line

1

2

34

5

6

78

910

Purchases of goods and services (1—38)

Transfer payments _ _

To persons (2-18)To foreigners (net) (4—4)

N e t interest paid (2—14) _ _ _ _ _ _ _ _

Subsidies less current surplus of government enterprises(1-21)

Less: Wage accruals less disbursements (1—4) _ _ _ _Surplus or deficit (— ), national income and product

accounts (5—8) _ _ _

FederalState a n d local _ _ _ _ _

GOVERNMENT EXPENDITURES AND SURPLUS. ._

219. 4

77. 8

75. 62. 2

14. 7

1. 7. 0

-13. 1

-13. 6. 5

300.5

Line

11

12

13

14

1516

Personal tax and nontax payments (2—1)

Corporate profits tax liability (1—12)

Indirect business tax and nontax liability (1—20)

Contributions for social insurance. __

Employer (1—6)Personal (2-19)

GOVERNMENT RECEIPTS

115. 9

34. 1

92. 9

57. 6

29. 628. 0

300.5

4.—Foreign Transactions Account

Exports of goods and services (1-36) 62. 9

Capital grants received by the United States (5-9) _ .9

RECEIPTS FROM FOREIGNERS 63.8

Imports of goods and services (1-37) 59. 3

Transfer payments from U.S. Government to foreigners(net) (3-4) 2. 2

Personal transfer payments to foreigners (net) (2-5) .9

Net foreign investment (5-2) 1. 3

PAYMENTS TO FOREIGNERS 63.8

5.—Gross Saving and Investment Account

Gross private domestic investment (1-28) 135. 3

Net foreign investment (4-6) 1. 3

GROSS INVESTMENT 136.6

910

Personal saving (2-6) 54. 1

Wage accruals less disbursements (1-4) .0

Undistributed corporate profits (1-15) 16. 2

Corporate inventory valuation adjustment (1-16) —4. 5

Capital consumption allowances (1-22) 87. 6

Government surplus or deficit (—), national income andproduct accounts (3-8) —13. 1

Capital grants received by the United States (4-2) . 9Statistical discrepancy (1-23) —4. 5

GROSS SAVING AND STATISTICAL DISCREPANCY, 136. 6

1. Numbers in parentheses indicate accounts and items of counter-entry in the accounts.



CHART 2

THE NATIONAL INCOME AND PRODUCT ACCOUNTS - 1970

Relation of the Four Major Measures of Production and Income Flows• GROSS NATIONAL PRODUCT is the market value of the output of goods

and services produced by the Nation's economy

• NATIONAL INCOME is the total earnings of labor and property from the production of goods and services

• PERSONAL INCOME is the total income received by persons from all sources

• DISPOSABLE PERSONAL INCOME is the income remaining to persons after payment of personal taxes

GROSSNATIONALPRODUCT

$974

EqualsNATIONALINCOME

Rental Income& Net Interest

$56

Billion $

EqualsPERSONAL

INCOME

$804Equals

DISPOSABLEPERSONAL

INCOME

$688

Undistributed CorporateProfits, Corporate Profits

Taxes, and SocialSecurity Taxes

Transfer Paymentsto Persons andConsumer andGov't. Interest

PersonalSaving$54

U.S. Department of Commerce, Office of Business Economics



1.—Gross National Product and National Income13

Table 1.1.—Gross National Product


Personal consumption expendi-tures

Durable goods . . . ..Nondurable goodsServices - -

Gross private domestic invest-ment

Fixed investment

Nonresidential .StructuresProducers' durable

equipment

Residential structuresNonfarm .Farm

Change in business inven-tories

Nonfarm. . _Farm

Net exports of goods and services.

ExportsImports ... . .

Government purchases of goodsand services .

FederalNational defenseOther.

State and local

1967 1968 1969 1970

Millions of dollars

793,927

492,066

73, 120214, 968203, 978

116,555

108,362

83,29928, 026

55, 273

25, 06324,494

569

8,1937,456

737

5,213

46, 20340, 990

180,093

90, 70672, 35418, 352

89,387

864,202

536, 178

84,032230,812221,334

125,974

118, 909

88, 83530,321

58, 514

30, 07429, 525

549

7,0656,948

117

2,489

50, 62348, 134

199,561

98, 76878, 29520,473

100, 793

929,095

579,595

89, 938247, 592242, 065

137,781

130,383

98, 59834, 508

64, 090

31, 78531,211

574

7,3987,267

131

2,011

55,60053, 589

209,708

99, 15278, 40620, 746

110, 556

974, 126

615,840

88, 624264, 678262, 538

135,300

132, 490

102, 12836, 776

65, 352

30, 36229, 748

614

2,8102,481

329

3,592

62, 90359, 311

219,394

97,22675.35021, 876

122, 168

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV

Billions of dollars, seasonally adjusted at annual rates

774.4

480.7

69.8213.1197.8

114.0

104.4

82.929.0

53.9

21.621.0

6

9.69.5

1

5.5

45.840.4

174.2

87.769.917.9

86.5

784.5

489.6

73.6214.2201.8

110.7

106.2

82.927.3

55.6

23.322.7

.6

4.54.0

6

5.8

46.040.1

178.4

90.171.818.3

88.2

800.9

495.5

73.7215.5206.3

118.6

109.9

83.327.9

55.4

26.626.0

6

8.77.8

9

5.6

46.340.7

181.3

91.473.018.3

89.9

815.9

502.5

75.3217.1210.1

123.0

113.0

84.128.0

56.2

28.828.3

6

10.08.51 4

4.0

46.842.8

186.5

93.674.718.9

92.9

834.0

519.3

80.4225.0213. 9

120.0

117.1

88.330.5

57.9

28.828.2

6

2.92.8

1

1.9

47.845.9

192.9

96.176.519.6

96.8

857.4

529.0

82.4227.8218.8

127.0

117.4

87.029.6

57.3

30.529.9

.6

9.69.4

2

3.4

50.747.3

198.0

98.578.320.2

99.5

875.2

544.0

86.3233.6224.1

126.2

118.5

88.830.0

58.8

29.729.2

5

7.77.5

2

3.4

53.149.7

201.6

99.879.120.8

101.8

890.2

552.5

87.0236.9228.6

130.7

122.6

91.231.2

60.1

31.430.8

5

8.18.1

o1.3

50.849.5

205.7

100.679.421.3

105.1

906.4

564.3

89.5241.5233.4

134.3

127.6

95.033.1

61.8

32.732.1

5

6.66.5

1

1.4

48.046.6

206.5

99.278.320.8

107.3

921.8

575.8

90.6246.4238.9

137.0

130.2

96.633.0

63.6

33.633.1

6

6.86.7

1

1.2

56.955.7

207.8

97.777.520.2

110.1

940.2

584.1

89.4249.4245.2

141.8

131.4

100.736.0

64.7

30.730.1

6

10.410.3

1

2.8

58.355.5

211.5

100.379.420.9

111.2

948-0

594.2

90.3253.1250.8

138.0

132.3

102.236.0

66.2

30.129.5

6

5.75.5

2

2.7

59.256.6

213.0

99.578.421.1

113.5

956.0

604.0

88.6259.4256.1

131.2

130.8

100.836.1

64.7

30.029.4

6

.4

.1

.3

3.5

61.558.0

217.3

100.278.921.3

117.1

968.5

613.8

90.7262.9260.2

134.1

132.1

102.136.6

65.6

29.929.3

.6

2.11.8.3

4.2

63.259.0

216.5

96.875.121.6

119.7

983.5

620.9

90.4265.5265.0

138.6

133.5

104.837.3

67.5

28.728.1

.6

5.14.7

3

4.0

63.759.7

220.1

96.174.221.9

124.0

988.4

624.7

84.9270.9268.9

137.3

133.6

100.837.1

63.7

32.832.2

.6

3.73.3.4

2.7

63.260.5

223.7

95.973.222.7

127.9

Table 1.2.—Gross National Product in Constant Dollars

[Billions of 1958 dollars]


Personal consumption expenditures-

Durable goodsNondurable goods . . .Services

Gross private domestic investment. .

Fixed investment

Nonresidential _Structures _

Producers' durableequipment... _

Residential structuresNonfarmFarm ..

Change in business inventoriesNonfarmFarm.


Exports .Imports

Government purchases of goods andservices

Federal- .State and local .

1967

675.2

430.1

72.9190.2167.0

101.2

93.5

73.222.6

50.6

20.419.9

.5

7.77.0.7

3.6

42.138.5

140.2

74.765.5

1968

706.6

452.7

81.3197.1174.4

105.2

98.8

75.623.4

52.2

23.222.8

.4

6.46.3.1

1.0

45.744.7

147.7

78.169.6

1969

724.7

469.3

84.8202.7181.8

109.6

103.2

80.124.5

55.7

23.122.6

.4

6.46.3.1

.1

48.548.3

145.6

73.871.9

1970

720.0

475.9

81.4207.3187.2

102.̂ 2

99.9

78.624.2

54.4

21.320.9

.4

2.32.0.3

2.4

52.249.8

139.4

65.474.0

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


666.6

424.2

70.1190.2163.8

100.7

91.6

73.623.8

49.8

18.017.5

.5

9.19.0.1

4.0

41.737.8

137.7

72.864.9

671.6

430.3

74.0190.4165.9

96.7

92.5

73.322.2

51.1

19.218.7

.5

4.33.7.6

4.3

42.037.7

140.2

74.965.3

678.9

431.6

73.3190.0168.3

102.4

94.2

72.922.3

50.6

21.320.8

.5

8.37.4.9

4.2

42.238.0

140.7

75.465.3

683.6

434.3

74.0190.3169.9

105.1

95.9

72.922.1

50.8

23.022.5

.5

9.27.81.4

2.1

42.640.4

142.2

75.566.7

692.6

444.6

78.6194.9171.1

101.6

99.0

76.224.0

52.1

22.822.3

.5

2.62.5.1

.9

43.943.1

145. 5

77.068.5

705.3

448.4

80.0195.3173.1

106.8

98.0

74.423.0

51.3

23.723.2

.4

8.88.6.2

1.8

45.543.8

148.2

78.869.4

712.3

•457. 7

83.4198.6175.8

104.9

97.9

75.322.9

52.4

22.622.2

.4

7.06.8.2

1.6

47.746.1

148.0

78.469.7

716.5

460.2

83.3199.4177.5

107.7

100.3

76.623.5

53.1

23.723.3

.4

7.47.4.1

-.3

45.445.8

149.0

78.170.9

721.4

465.7

85.2201.6178.9

108.4

102.8

78.624.3

54.4

24.123.7

.4

5.75.6.1

-.5

42.442.9

147.8

76.371.4

724.2

469.0

85.6202.8180.6

109.4

103.5

79.123.6

55.5

24.424.0

.4

5.85.8.0

-.3

50.751.0

146.1

73.972.1

727.8

469.9

84.0203.0182.9

112.4

103.2

81.125.1

56.0

22.121.6

.4

9.29.2.0

.6

50.750.1

144.8

73.271.6

725.2

472.6

84.4203.4184.8

108.2

103.3

81.724.8

56.8

21.621.2

.4

4.94.8

2

.6

50.149.5

143.8

71.672.2

719.8

474.4

82.3205.7186.4

101.1

100.7

79.324.6

54.7

21.421.0

.4

.3

.0

.2

1.7

51.649.9

142.6

69.473.2

721.1

477.1

83.8206.5186.8

102.7

100.7

79.424.4

55.0

21.320.8

.4

2.01.7.3

2.6

52.850.1

138.7

65.373.4

723.3

477. 9

82.8207.3187.9

104.0

100.1

80.124.2

55.9

20.019.5

.4

3.93.6.3

3.2

52.449.2

138.2

63.874.3

715.9

474.2

76.6209.7187. 9

101.2

98.1

75.523.5

52.0

22.622.2

.4

3.12.8.4

2.1

51.949.8

138.3

63.275.2



Table 1.3.—Gross National Product by Major Type of Product



Final sales ...Change in business inventories.

Goods output

Final sales ...Change in business inventories.

Durable goods . .Final salesChange in business inventories .

Nondurable goodsFinal salesChange in business inventories.

Services

Structures

1967

793.9

785.78.2

398.9

390.78.2

161.1156.5

4.7

237.7234.2

3.5

316.5

78.6

1968

864.2

857.17.1

429.5

422.47.1

174.5169.6

4.9

255.0252.9

2.1

346.6

88.1

1969

929.1

921.77.4

457.3

49.97.4

185.3180.9

4.5

272.0269.0

2.9

377.4

94.4

1970

974.1

971.32.8

468.3

465.52.8

180.2180.8-.6

288.1284.7

3.4

410.3

95.5

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


774.4

764.89.6

391.9

382.49.6

156.5151.5

5.0

235.5230.8

4.6

306.0

76.4

784.5

780.04.5

396.7

392.14.5

160.3158.2

2.1

236.4234.0

2.4

311.9

75.9

800.9

792.28.7

401.8

393.18.7

163.2157.6

5.6

238.6235.5

3.1

319.7

79.4

815.9

805.910.0

405.0

395.010.0

164.6158.5

6.1

240.4236.5

3.9

328.4

82.5

834.0

831.22.9

413.2

410.32.9

167.1164.5

2.6

246.1245.8

.3

334.5

86.4

857.4

847.89.6

427.0

417.59.6

174.1167.4

6.7

253.0250.1

2.9

343.0

87.4

875.2

867.57.7

436.6

428.97.7

176.9172.4

4.5

259. 6256.5

3.1

351.4

87.2

890.2

882.18.1

441.3

433.18.1

180.0174.0

6.0

261 2259.1

2.1

357.6

91.4

906.4

899.86.6

447.9

441.36.6

182.9179.1

3.8

265.0262.2

2.8

364.0

94.5

921.8

915.06.8

454.5

447.76.8

184.3179.6

4.7

270.2268.0

2.1

371.9

95.3

940.2

929.810.4

462.7

452.310.4

187.8181.3

6.5

275.0271.0

4.0

383.0

94.5

948.0

942.35.7

464.0

458.35.7

186.4183.4

3.0

277.7274.9

2.8

390.6

93.4

956.0

955.6.4

461.9

461.5.4

179.8181.5-1.8

282.1279.9

2.2

400.8

93.4

968.5

966.52.1

468.6

466.62.1

181.8183.7-2.0

286.9282.9

4.0

406.2

93.7

983.5

978.45.1

474.9

469.85.1

189.6184.9

4.7

285.3284.9

.4

413.7

94.9

988.4

984.73.7

467.7

464.03.7

169.7173.1-3.4

297.9290.9

7.1

420.6

100.1

Table 1.4.—Gross National Product by Major Type of Product andPurchaser



Durable goodsPersonal consumption expendituresProducers' durable equipment -.Government purchasesNet exportsChange in business inventories . . -

Nondurable goods _ . . . - -Personal consumption expendituresGovernment purchasesNet exports ...Change in business inventories

ServicesPersonal consumption expenditures . . . . . . . -Government purchasesNet exports - .. . ..

Structures . ..Private structuresGovernment structures _ - - . -

1967

793.9

161.173.155.325.72.44.7

237.7215.017.71.53.5

316.5204.0111.2

1.4

78.653.125.5

1968

864.2

174.584.058.526.6

.44.9

255.0230.821.9

.22.1

346.6221.3123.4

1.9

88.160.427.7

1969

929.1

185.389.964.126.0

.84.5

272.0247.621.6-.22.9

377.4242.1134.0

1.4

94.466.328.1

1970

974.

180.88.65.^25.'1.

— .

288.264.19.,

.3.'

410.:262.146..

1.

95.,67.28. <

Table 1.6.—Gross National Product by Major Type of Product andPurchaser in Constant Dollars



Durable goods _Personal consumption expendituresProducers' durable equipmentGovernment purchases .Net exportsChange in business inventories .- .

Nondurable goodsPersonal consumption expenditures. .. . .. . . ..Government purchasesNet exports.. . _ -Change in business inventories

ServicesPersonal consumption expendituresGovernment purchasesNet exports

StructuresPrivate structuresGovernment structures . . . . . . . .

1967

675.2

152.272.950.623.31.24.3

210.9190.216.6

.53.5

249.1167.080.21.9

63.043.020.0

1968

706.6

160.781.352.223.5—.84.4

219.0197.120.7-.82.0

259 7174.482.92.5

67.246.620.7

1969

724.7

165.984.855.722.2-.63.8

224.0202.719.9

— 1.22.6

267.8181.884.12.0

67.047.519.5

1970

720.0

156.181.454.420.7

.3-.6

226.9207.316.8-.23.0

273.4187.283.82.4

63.645.518.1

Table 1.5.—Gross National Product by Major Type of Product in Constant Dollars



Final sales. _Change in business inventories. .

Goods output

Final salesChange in business inventories. .

Durable goodsFinal salesChange in business inventories..

Nondurable goodsFinal salesChange in business inventories..

Services

Structures .

1967

675.2

667.57.7

363.1

355.47.7

152.2148.0

4.3

210.9207.4

3.5

249 1

63.0

1968

706.6

700.26.4

379 7

373.36.4

160 7156.2

4.4

219.0217.0

2.0

259.7

67.2

1969

724.7

718.26.4

389.9

383.46.4

165 9162.1

3.8

224 0221 4

2.6

267 8

67.0

1970

720.0

717.72.3

383.0

380.72.3

156 1156.8-.6

226 9223. 9

3.0

273 4

63.6

I

666.6

657.59.1

359 6

350.59.1

149.1144.5

4.5

210 5206.0

4.5

244.4

62.6

19

II

671.6

667.34.3

363 1

358 84.3

152 5150.6

1.9

210.6208.2

2.4

247 0

61.5

67

III

678.9

670.68.3

364.9

356 78.3

154 0148 8

5.2

210.9207.9

3.1

251 0

63.0

IV

683.6

674.49.2

364.7

355.59.2

153.4148.0

5.4

211.3207.5

3.8

254 0

64.9

I

692.6

690.02.6

369.4

366.82.6

155.5153.1

2.3

214.0213.7

.3

255 6

67.6

19

II

£

705.3

696.58.8

379.0

370.38.8

160.9154.8

6.0

218.2215.5

2.7

258 9

67.3

68

III

Seasonal

712.3

705.37.0

384.8

377.87.0

162.5158.5

4.0

222.2219.3

2.9

261 7

65.8

IV

ly adjiL

716.5

709.07.4

385.6

378.27.4

163.9158.6

5.3

221.7219.6

2.1

262.7

68.1

I

sted at a

721.4

715.85.7

388.4

382.75.7

165.8162.4

3.4

222 6220.3

2.3

264 1

68.9

19

II

nnual r

724.2

718.35.8

389 3

383.55.8

165 7161. 8

3.9

223 6221 7

1.9

266 8

68.1

69

III

ates

727.8

718.69.2

392.5

383 39.2

167 2161 6

5.6

225 3221 6

3.7

269 2

66 1

IV

725.2

720.34.9

389.2

384.24.9

164.8162 4

2.4

224.4221 9

2.5

271 2

64.9

I

719.8

719.5.3

382 7

382.4.3

157 7159 4-1.6

225 0223 0

1.9

273 o

64 1

19

II

721.1

719.12.0

385.4

383.42.0

158 8160 3-1.5

226 7223 1

3.6

272.3

63 4

70

III

723.3

719.43.9

387.2

383.33.9

163 7160.0

3.7

223 5223 3

.2

273 9

62.2

IV

715.9

712.83.1

376.7

373.63.1

144.4147.5-3.1

232.3226.1

6.2

274 5

64.7



Table 1.7.—Gross National Product by Sector



Private

BusinessNonfarmFarm

Households and institutionsRest of the world

General government

1967

793.9

708.8

681.6657.024.6

22 84.5

85.1

1968

864.2

769.3

739.0713.925.2

25 54.7

94.9

1969

929.1

825.3

792.5764.528.0

28.54.3

103.8

1970

974.1

859.8

823.4795. 228.2

31.74.6

114.4

I

774.4

692.4

666.4642.523.9

21.94.1

82.0

19

II

784.5

700.8

674.3649.624.7

22.64.0

83.7

67

III

800.9

715.2

687.2662.524.7

23.14.8

85.8

IV

815.9

727.0

698.3673.424.9

23.55.1

88.9

I

834.0

742.9

714 2689.624.6

24.44.3

91.1

19

II

£

857.4

763.8

733.2708.824.4

25.65.0

93.6

68

III

seasonal

875.2

778.4

747.8722.525.3

25.74.8

96.8

IV

ly adjus

890.2

792.1

761.0734.626.4

26.34.8

98.1

I

ted at a

906.4

806.9

775.0747.527.5

27.34.6

99.5

19

II

nnual r

921.8

820.4

788.4760.627.8

27.74.3

101.4

69

III

ates

940.2

833.9

801.4773.627.8

28.34.2

106.3

IV

948.0

840.0

805.3776.528.8

30 64.1

108.0

I

956.0

844.5

809.1779.329.8

30 94 5

111.6

19'

II

968 5

854.8

819 7790.928.8

31 04 1

113.8

ro

in

983 5

868.3

831.3804.127.1

32 14 8

115.2

IV

988 4

871 6

833 5806.427.1

33 05*1

116.8

Table 1.8.—Gross National Product by Sector in Constant Dollars


1967 1968

Gross national product.. _ . 675.

Private 617.

Business 597.Nonfarm 573.Farm 23.

Households and institutions 15.Rest of the world 4.

General government 57.

2 706.6

5 647.0

8 626. 59 603.19 23.4

4 16.03 4.5

6 59.7

1969

724.7

664.0

643.5619.324.2

16.54.0

60.7

1970

720.0

659.4

638.5614.623.9

17.04.0

60.6

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


666.6

609.8

590.9567.523.4

15.03.9

56.8

671.6

614.3

595.0570.724.3

15.43.8

57.3

678.9

620.8

600.5576.623.9

15.64.6

58.1

683.6

625.2

604.6580.624.0

15.74.9

58.4

692.6

633.7

613.9590.423.5

15.74.1

58.9

705.3

645.6

624.7602.022.7

16.24.7

59.7

712.3

652.2

631.5608.023.5

16.14.6

60.1

716.5

656.5

636.0611.924.0

16.04.5

59.9

721.4

661.4

640.7615.725.0

16.34.3

60.1

724.2

663.7

643.5620.023.5

16.24.0

60.5

727.8

666.7

646.6622.624.0

16.23.9

61.1

725.2

664.2

643.1618.824.3

17.23.9

61.1

719.8

659.1

637.9614.423.5

17.14.1

60.7

721.1

660.4

640.1616.123.9

16.83.6

60.7

723.3

662.8

641.8618.623.2

17.04.0

60.5

715.9

655.4

634.1609.224.9

17.14.2

60.5

Table 1.9. — Relation of Gross National Product, National Income, and Personal Income


Less: Capital consumptionallowances -

Equals: Net national product

Less: Indirect business tax andnontax liability

Business transfer pay-ments

Statistical discrepancy

Plus: Subsidies less currentsurplus of governmententerprises

Equals: National income

Less: Corporate profits and in-ventory valuationadjustment

Contributions for socialinsurance

Wage accruals lessdisbursements

Plus: Government transferpayments to persons

Interest paid by govern-ment (net) and byconsumers

DividendsBusiness transfer pay-

ments

Equals: Personal income. .. .

1967 1968 1969 1970

Millions of dollars

793,927

68, 895

725,032

70,401

3,123-656

1,416

653,580

78,686

42,355

0

48,695

23, 59321,385

3,123

629,335

864,202

74,504

789,698

78,583

3,445-2, 735

735

711,140

84,301

47, 102

0

56, 111

26,07923,552

3,445

688,924

929,095

81, 135

847,960

85,709

3,745-4, 103

1,051

763,660

78,649

54,017

0

62, 193

28,96324,444

3,745

750,339

974, 126

87,584

886,542

92,888

3,940-4,475

1,698

795,887

70,836

57,626

0

75,618

31,65625,004

3,940

803,643

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


774.4

66.9

707.5

67.9

3.1-.4

1.6

638.5

78.3

41.0

.0

47.6

23.421.1

3.1

614.2

784.5

68.2

716.4

69.4

3.1-.8

1.4

646.0

78.0

42.0

.0

48.4

23.121.6

3.1

622.1

800.9

69.5

731.4

71.3

3.1.0

1.3

658.3

78.4

42.7

.0

48.9

23.721.9

3.1

634.7

815.9

71.0

744.9

72.9

3.2-1.4

1.3

671.6

80.0

43.7

.0

49.9

24.221.0

3.2

646.3

834.0

72.3

761.7

75.8

3.3-3.1

.9

686.6

81.1

45.3

.0

53.2

24.922.5

3.3

664.0

857.4

73.8

783.6

77.8

3.4-1.8

.8

704.9

85.4

46.6

.0

55.8

25.823.4

3.4

681.2

875.2

75.2

800.0

79.6

3.5-2.8

.7

720.3

85.9

47.7

.0

57.0

26.524.1

3.5

697.8

890.2

76.7

813.5

81.0

3.6-3.3

.5

732.7

84.7

48.7

.0

58.5

27.124.3

3.6

712.6

906.4

78.4

828.0

82.5

3.7-3.1

.9

745.9

82.7

52.2

.0

60.3

27.824.0

3.7

726.8

921.8

80.2

841.6

85.0

3.7-4.9

1.1

758.9

80.7

53.4

.0

61.6

28.724.2

3.7

743.1

940.2

82.1

858.1

87.1

3.8-3.3

1.1

771.7

78.0

54.7

.0

62.6

29.324.7

3.8

759.3

948.0

83.9

864.1

88.3

3.8-5.2

1.1

778.2

73.3

55.7

.0

64.3

30.024.9

3.8

772.2

956.0

85.4

870.6

89.7

3.8-7.3

1.4

785.8

69.8

56.2

2.5

67.4

30.925.0

3.8

784.3

968.5

86.9

881.6

91.9

3.9-5.8

1.8

793.4

71.5

57.4

-2.1

77.3

31.124.9

3.9

803.8

983.5

88.2

895.3

94.2

4.0-3.2

1.9

802.2

73.0

58.4

-.4

77.2

32.225.2

4.0

809.8

988.4

89.8

898.6

95.8

4.1-1.6

1.7

802.1

69.0

58.5

.0

80.7

32.425.0

4.1

816.7



Table 1.10.—National Income by Type of Income

July 1971

National income _ . .

Compensation of employees

Wages and salaries . . . . .

PrivateMilitaryGovernment civilian

Supplements to wages andsalaries

Employer contributions forsocial insurance

Other labor income

Employer contributionsto private pension andwelfare funds

Other -

Proprietors' income

Business and professional

Income of unincorporatedenterprises

Inventory valuation ad-j ustment

Farm



Profits before tax

Profits tax liabilityProfits after tax


Inventory valuation adjust-ment

Net interest

1967 1968 1969 1970

Millions of dollars

653,580

467, 240

423,075

337, 32216, 21069, 543

44, 165

21, 86922,296

18, 5313,765

62, 147

47,315

47,603

-288

14, 832

21,091

78,686

79, 815

33, 17746,63821,38525, 253

-1,129

24,416

711, 140

514,596

464, 862

369, 16817, 93477, 760

49,734

24,33825,396

21, 3514,045

64,214

49, 534

50,268

-734

14, 680

21, 160

84,301

87,636

39, 85847, 77823, 55224, 226

-3,335

26,869

763,660

565,548

509, 575

405, 45119,04885,076

55, 973

27, 76628, 207

23, 7044,503

67,026

50, 254

51, 088

-834

16, 772

22,575

78, 649

84, 191

39, 70144, 49024,44420,046

-5,542

29,862

795,887

601,858

541, 400

426, 55519, 37895; 467

60,458

29, 61930, 839

25,8524,987

66,869

51, 030

51, 680

-650

15, 839

23,312

70,836

75,362

34, 12041, 24225, 00416,238

-4, 526

33,012

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


638.5

455.3

412.3

329.615.866.9

43.0

21.321.8

60.9

46.5

14.4

20.7

78.3

78.4

32.745.721.124.6

-.1

23.3

646.0

460.9

417.4

333.115.968.3

43.5

21.621.9

62.0

47.1

14.8

21.1

78.0

78.8

32.945.921.624.3

-.8

24.0

658.3

470.9

426.4

340.116.170.3

44.5

22.022.5

62.9

47.9

14.9

21.3

78.4

78.8

32.646.221.924.3

-.4

24.8

671.6

481.8

436.2

346.517.072.7

45.6

22.623.0

62.9

47.7

15.2

21.3

80.0

83.3

34.548.921.027.8

-3.3

25.6

686.6

495.2

447.8

355.917.374.7

47.4

23.424.0

63.1

48.7

14.4

21.2

81.1

86.7

39.647.122.524.6

-5.5

26.1

704.9

508.0

458.9

364.717.676.6

49.1

24.025.0

63.8

49.8

14.1

21.1

85.4

88.1

39.948.123.424.8

-2.7

26.6

720.3

521.6

471.1

373.518.679.0

50.5

24.625.9

64.6

49.9

14.7

21.1

85.9

86.9

39.547.424.123.3

-.9

27.1

732.7

533.6

481.6

382.718.280.7

52.0

25.326.7

65.3

49.8

15.5

21.3

84.7

89.0

40.448.524.324.3

-4.2

27.8

745.9

545.9

491.8

391.818.181.9

54.1

26.827.3

66.7

50.2

16.5

22.0

82.7

88.7

41.846.924.022.9

-6.0

28.6

758.9

559.1

503.7

402.018.483.4

55.3

27.527.9

67.1

50.5

16.6

22.6

80.7

86.9

41.045.924.221.6

-6.3

29.4

771.7

573.6

516.9

410.420.086.5

56.7

28.228.5

67.1

50.5

16.6

22.7

78.0

81.2

38.243.024.718.3

-3.2

30.2

778.2

583.6

525.8

417.719.688.5

57.8

28.729.1

67.2

49.8

17.4

22.9

73.3

80.0

37.742.324.917.4

-6.7

31.1

785.8

593.2

534.7

422.520.292.1

58.5

28.729.8

68.0

50.2

17.8

23.0

69.8

75.6

34.141.525.016.6

-5.8

31.8

793.4

598.5

538.5

424.419.594.5

60.0

29.530.4

67.6

51.0

16.6

23.2

71.5

75.8

34.541.324.916.4

-4.2

32.6

802.2

606.5

545.2

429.419.296.6

61.3

30.131.2

66.0

51.4

14.5

23.4

73.0

78.5

35.642.925.217.7

-5.5

33.4

802.1

609.3

547.2

429.918.698.6

62.1

30.132.0

65.9

51.5

14.4

23.7

69.0

71.6

32.339.225.014.3

-2.6

34.2

Table 1.11.—National Income by Industry Division


All industries, total _ _.

Agriculture, forestry, and fisheries..

Mining and construction

Manufacturing. _Nondurable goods . _ _Durable goods . _

Transportation . . . .Communication

Electric, gas, and sanitary services. .Wholesale and retail trade

Finance, insurance, and real estate..Services _

Government and government enter-prises

Rest of the world

1967

653.6

21.6

39.6

195.275.5

119.7

25.213.1

12.697.5

71.978.5

93.84.5

1968

711.1

22.1

43.0

212.782.1

130.6

26.914.1

13.4106.1

77.885.7

104.74.7

1969

763.7

24.8

47.5

221.985.7

136.2

28.815.7

14.1114.8

82.894.6

114.34.3

1970

795.9

24.5

49.4

217.787.4

130.3

29.516.9

14.4122.1

87.0103.2

126.54.6

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


638.5

21.2

38.8

193.574.6

118.9

24.912.8

12.494.8

69.875.8

90.44.1

646.0

21.5

38.9

193.374.7

118.6

25.013.0

12.696.6

71.177.8

92.24.0

658.3

21.7

40.1

195.175.5

119.6

25.413.2

12.698.7

72.779.6

94.54.8

671.6

22.2

40.5

198.977.2

121.6

25.513.3

12.8100.0

74.081.0

98.15.1

686.6

21.6

41.1

205.679.4

126.2

26.213.7

13.0102.2

75.183.3

100.64.3

704.9

21.3

42.7

211.881.4

130.4

26.713.7

13.4105.2

76.985.2

103.25.0

720.3

22.2

43.4

214.783.3

131.3

27.214.3

13.7108.1

78.886.4

106.84.8

732.7

23.2

44.7

218.684.1

134.5

27.514.8

13.6108.8

80.388.0

108.34.8

745.9

24.3

45.9

220.284.3

135.9

28.015.5

13.9111.5

81.091.3

109.74.6

758.9

24.6

47.3

221.985.8

136.1

29.015.6

14.0114.3

82.693.7

111.74.3

771.7

24.7

47.9

223.185.9

137.2

29.215.7

14.3116.6

83.695.6

117.04.2

778.2

25.6

48.8

222.686.9

135.7

29.215.9

14.1116.9

84.297.8

118.94.1

785.8

26.3

49.0

220.887.1

133.7

28.916.4

14.1118.9

83.5100.3

123.14.5

793.4

25.2

48.9

220.186.9

133.2

29.016.8

14.2121.6

85.5102.2

125.94.1

802.2

23.2

49.5

219.987.9

132.0

29.917.2

14.6123.1

88.3104.0

127.74.8

802.1

23.3

50.3

210.187.8

122.4

30.017.3

14.8124.7

90.9106.2

129.45.1



Table 1.12.-—National Income by Industry[Millions of dollars]

All industries, total ...

Agriculture, forestry, and fisheries

FarmsAgricultural services, forestry, and fisheries

Mining

Metal miningCoal mining - - - - -Crude petroleum and natural gasMining and quarrying of nonmetallic minerals.

Contract construction. . -

Manufacturing

Nondurable goods - --

Food and kindred products -Tobacco manufacturesTextile mill productsApparel and other fabricated textile products.Paper and allied produc tsPrinting, publishing, and allied industries. ..Chemicals and allied productsPetroleum refining and related industriesRubber and miscellaneous plastic products-.Leather and leather products

Durable goods

Lumber and wood products, except furniture-Furniture and fixtures - _Stone clay and glass productsPrimary metal industries . . .Fabricated metal products - .. - - --Machinery except electricalElectrical machinery - - -Transportation equipment and ordnance,

except motor vehiclesMotor vehicles and motor vehicle equipment _InstrumentsMiscellaneous manufacturing industries

Transportation

Railroad transportation -Local suburban and highway passengerMotor freight transportation and warehousing .Water transportationAir transportationPipeline transportationTransportation services -

Communication

Telephone and telegraphRadio broadcasting and television

Electric, gas, and sanitary services .

Wholesale and retail trade -

Wholesale tradeRetail trade

Finance insurance, and real estate

BankingCredit agencies, holding and other investment

companies --Security and commodity brokersInsurance carriersInsurance agents brokers and serviceReal estate

Services - -

Hotels and other lodging places - . -Personal servicesMiscellaneous business services _Automobile repair, automobile services, and

garagesMiscellaneous repair servicesMotion pictures

Amusement and recreation services, exceptmotion pictures

Medical and other health servicesLegal servicesEducational services - - - -- ..Nonprofit membership organizations.Miscellaneous professional servicesPrivate households

Government and government enterprises. _

FederalGeneral government - -Government enterprises

State and localGeneral government . - . . _Government enterprises

Rest of the world - .

1967

653, 580

21, 646

20, 0841,562

6,345

6671,4532 9951,230

33,223

195, 192

75, 492

16,3151,2706 2347,5436,7359,944

14 0686,4944,7252 164

119 700

4,2383,2185 785

15 34813, 38521 81418, 595

15 28213, 5995 1653 271

25 223

6,8212 0499,1782,3203 456

423976

13, 092

11 7271 365

12, 604

97, 518

35 23862 280

71 897

10 738

—1, 0413 1076 4003 010

49 683

78, 540

3,4356 955

10, 600

2,8791 7351 350

2,51220 6404 8205,3946,3467 3974 477

93, 790

41 75135, 8655,886

52, 03949, 2222 817

4,510

1968

711, 140

22, 080

20, 4251,655

6,702

8881,4293,1531,232

36,270

212, 672

82, 069

17, 1301,3597 1238,3077,338

10, 76615 6146,6805,4772 275

130 603

5,0353,4856 329

15 87114, 35422 89119, 772

16 43517, 1565 7423 533

26 909

6 9922 210

10, 3262 4763 556

414935

14 131

12 5941 537

13,391

106, 069

38 39467 675

77 755

12 258

—1 2094 0236 5203 299

52* 864

85 721

3 7447 265

11 490

3 1061 8661 535

2 78323 2505 1145 9756 9558 0094 629

104, 704

46 05839 4966,562

58 64655, 4343 212

4,736

1969

763, 660

24, 824

22, 9081,916

6,781

9731,5133 0451,250

40, 677

221, 947

85,718

17,8391,4857 4608,7237,960

11, 57616 0236,3596,0412 252

136 229

5,5613,7676 936

16 36615, 08924 55420 795

15 95817,3036 2243 676

28 849

7 2922 209

11, 2442 4504 109

4521 093

15 663

13 9731 690

14, 072

114 812

41 80473 008

82 829

14 022

—1, 6653 4766 9543 524

56 518

94 QOO

4 0747 405

12 950

3 4212 0921 509

2 85226 4615 6286 6747, 7649 0894 681

114,316

49 28042 1657,115

65 03661,6463 390

4,290

1970

795, 887

24, 511

22, 5151,996

7,448

1,1131,9443 1401,251

41,968

217, 735

87,418

19, 2691,6867 2688,6757,783

12, 03216 1136,3575,9572 278

130 317

5,1623,7236 920

16, 20914, 89124 46921, 022

14 35613, 3956 3713 799

29 455

7 1912 311

11, 5632 5394 155

5001 196

16 929

15 1601 769

14 412

122 069

44 93377 136

87 033

15 522

—3 6252 6378 3023 853

60 344

103 159

4 3917 526

13 978

3 6982 2171 537

3 12630 2996 2137,3568,4499 6544 715

126, 520

53 11444, 8318,283

73, 40669, 5233 883

4,648

Table 1.13.—National Income by Sector and Legal Form ofOrganization

[Millions of dollars]

National income .

Income originating in business, total

Corporate business, including mutual financialinstitutions

Compensal ion of employees .Wages and salariesSupplements to wages and salaries

Corporate profits and inventory valuationadjustment

Profits before taxInventory valuation adjustment

Net interest

Sole proprietors and partnerships

Compensation of employees . _Wages and salariesSupplements to waares and salaries

Proprietors' incomeIncome of unincorporated enterprisesInventory valuation adjustment

Net interest

Other private business.

Compensation of employees . . .Wages and salariesSupplements to wages and salaries

Proprietors' income -


Net interest

Government enterprises . . .

C ompensation of employeesWages and salariesSupplements to wages and salaries

Income originating in general government

Compensation of employees .. . .Wages and salaries . - . . . . .Supplements to wages and salaries

Income originating in households and institutions.

Compensation of employeesWages and salariesSupplements to wages and salaries

Income originating in the rest of the world

Compensation of employeesCorporate profits _Net interest

1967

653 580

541 210

366 726

291, 821260 60731, 214

75 08076 209

— 1 129

—175

122 505

56, 57653 0053 571

61, 72762, 015

—288

4 202

43 276

2,2402 104

136

420

21, 091

19 525

8,703

8,7038,008

695

85,087

85, 08777, 7057,382

22,773

22, 77321, 6061,167

4,510

403,606

864

1968

711 140

585 978

400 050

319 472284 26635 206

80 33583 670

—3 335

243

130 765

62 44558 4543 991

63 77964, 513

—734

4 541

45 389

2,4342 283

151

435

21, 160

21 360

9, 774

9,7748 997

777

94, 930

94,93086, 6528,278

25,496

25, 49624, 1651,331

4,736

453,966

725

1969

763 660

627 069

425 878

350 487311 11839 369

74 17179 713

—5 542

1 220

141 341

69 50064 8794 621

66 57667, 410

—834

5 265

49 345

2,7042 528

176

450

22 575

23 616

10, 505

10, 5059,656

849

103,811

103, 81194, 4179,394

28,490

28, 49026, 9261,564

4,290

514,478-239

1970

795 887

645 137

433 14^

365 967324 16041 807

66 03570 561

—4 526

1 140

147 032

74 62569 637

4* 988

66 40467, 054

—650

6 003

52 797

2,9412 748

193

465

23 312

26 079

12, 166

12,16611, 1421,024

114,354

114,354103, 64610, 708

31,748

31, 74830, 0101,738

4,648

574,801-210


18 SUKVEY OF CURRENT BUSINESS

Table 1.14.—Gross Corporate Product'

July 1971

123

45678

9

101112131415

1617

18

19

2021

2223242526

27

282930313233

3435

36

37

3839

4041

42

4344

Gross corporate product _

Capital consumption allowancesIndirect business taxes plus transfer payments

less subsidies

Income originating in corporate businessCompensation of employees

Wages and salariesSupplements

Net interest

Corporate profits and inventory valuation ad-justment - ... . -

Profits before tax . .Profits tax liabilityProfits after tax

Dividends. ..Undistributed profits


Cash flow, gross of dividends (2+12)Cash flow, net of dividends (2+14)

Gross product originating in financial insti-tutions

Gross product originating in non financialcorporations.. _ . .


less subsidies

Income originating in nonfinancial corporations . .Compensation of employees . . -

Wages and salaries .Supplements .

Net interest

Corporate profits and inventory valuation ad-justment -

Profits before tax .Profits tax liability ....Profits aftertax


Inventory valuation adjustment . -

Cash flow, gross of dividends (20+30)Cash flow, net of dividends (20+32)

Gross product originating in nonfinancialcorporations

Current dollar cost per unit of 1958 dollargross product originating in nonfinancialcorporations 2


less subsidiesCompensation of employees . .Net interest

Corporate profits and inventory valuation ad-justment

Profits tax liabilityProfits after tax plus inventory valuation

adjustment

1967 1968 1969 1970

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


Billions of dollars

450.6

43.0

40.9

366.7291.8260.631.2-.2

75.176.233.243.019.923.2-1.1

86.066.1

19.9

430.8

41.7

39.2

349.8275.8246.629.29.0

65.166.228.437.818.919.0-1.1

79.660.7

492.4

46.8

45.5

400.1319.5284.335.2

.2

80.383.739.943.822.121.8-3.3

90.768.6

22.5

469.9

45.4

43.7

380.9301.5268.633.010.3

69.072.434.038.320.917.5

-3.3

83.762.8

526.3

51.3

49.2

425.9350.5311.139.41.2

74.279.739.740.022.417.6

-5.5

91.368.9

24.3

502.0

49.5

47.1

405. 5330.5293.736.912.9

62.167.633.434.220.913.3

-5.5

83.862.9

541.6

56.2

52.2

433.1366.0324.241.81.1

66.070.634.136.422.813.6

-4.5

92.669.8

25.4

516.2

54.1

49.9

412.2344.2305.239.014.8

53.357.827.130.721.19.6

-4.5

84.863.7

441.5

41.6

39.6

360.3285.7255.130.6-.5

75.175.232.742.519.722=8-. 1

84.064.3

19.2

422.3

40.4

37.9

343.9270. 5241.828.78.4

65.065.127.937.218.618.5-. 1

77.659.0

445.6

42.4

40.5

362.7288.2257.430.8-.4

74.975.732.942.720.322.5-.8

85.264.9

19.5

426.1

41.2

38.8

346.1272.4243.628.88.6

65.065.828.237.619.218.3-.8

78.859.6

453.2

43.4

41.5

368.3293.9262.531.4-.1

74.574.932.642.320.222.0-.4

85.765.5

20.0

433.2

42.2

39.7

351.4277.5248.229.39.1

64.765.027.937.219.217.9-.4

79.460.1

462.2

44.4

42.2

375.6299.5267.532.1

.3

75.879.134.544.619.325.4-3.3

89.169.8

20.8

441.4

43.1

40.4

357.9282.7252.729.99.6

65.668.929.539.418.321.1-3.3

82.564.2

474,7

45.4

44.1

385.3307.4274.033.5

.1

77.783.339.643.721.222.5

-5.5

89.167.8

21.1

453.7

44.0

42.3

367.4290.5259.131.49.8

67.272.734.238.520.118.4

-5.5

82.562.4

488.4

46.4

45.2

396.8315.4280.734.7

.1

81.283.939.943.921.822.2

-2.7

90.468.6

22.0

466.4

45.0

43.4

378.1297.8265.332.510.0

70.272.934.338.620.718.0

-2.7

83.663.0

498.9

47.3

46.1

405.5323.4287.635.8

.2

81.982.839.543.322.620.7-.9

90.668.0

23.3

475.6

45.8

44.2

385.7305.1271.633.510.5

70.171.033.537.621.316.2-.9

83.462.0

507.6

48.3

46.7

412.6331.6294.836.8

80.584.840.444.322.621.7

-4.2

92.670.0

23.7

483.9

46.7

44.8

392.5312.7278.334.411.0

68.772.934.338.621.317.3

-4.2

85.364.0

515.5

49.4

47.5

418.6339.3301.138.2

. 9

78.484.541.842.622.220.4-6.0

92.069.8

24.1

491.4

47.7

45.5

398.2319.9284.135.811.8

66.472.535.736.720.815.9

-6.0

84.563.6

524.7

50.6

48.9

425.2347.7308.739.11.1

76.482.641.041.622.319.3

-6.3

92.269.9

24.5

500.3

48.9

46.8

404.6327.9291.436.612.5

64.170.334.735.620.914.8

-6.3

84.563.7

531.3

51.9

49.9

429.5354.8315.039.81.4

73.376.538.238.322.515.8

-3.2

90.267.7

24.3

506.9

50.1

47.8

409.1334.6297.437.213.3

61.164.331.832.520.911.6

-3.2

82.761.7

533.7

53.2

50.3

430.2360.2319.740.41.5

68.675.337.737.522.614.9

-6.7

90.768.1

24.2

509.5

51.4

48.1

410.1339.6301.837.813.8

56.663.331.332.021.011.0

-6.7

83.462.4

534.3

54.4

50.9

429.0363.0322.140.91.3

64.870.634.136.622.713.8

-5.8

91.068.2

23.9

510.4

52.5

48.6

409.3341.7303.538.214.2

53.559.327.731.621.010.6

-5.8

84.163.0

540.1

55.7

51.9

432.6364.2322.941.31.2

67.271.434.536.923.013.9

-4.2

92.669.6

24.6

515.5

53.6

49.5

412.4342.7304.238.614.6

55.059.327.731.521.210.3

-4.2

85.263.9

547.6

56.7

52.8

438.1368.8326.542.31.1

68.273.635.638.123.015.1

-5.5

94.871.8

26.1

521.5

54.5

50.4

416.5346.9307.439.515.0

54.660.128.231.921.210.7

-5.5

86.565.3

544.3

58.0

53.4

432.9367.9325. 242.71.0

64.066.632.334.322.711.6

-2.6

92.369.6

26.9

517.4

55.7

50.9

410.7345.4305. 639.815.4

50.052.624.827.820.96.9

-2.6

83.562.7


390.2 415.0 430.5 425.0 385.9 387.4 391.4 395.9 404.8 413.1 418.7 423.2 426.4 431.1 432.7 431.8 428.2 427.7 427.6 416.7

Dollars

1.104

.107

.100

.707

.023

.167

.073

.094

1.132

.109

.105

.727

.025

.166

.082

.084

1.166

.115

.109

.768

.030

.144

.078

.067

1.215

.127

.117

.810

.035

.125

.064

.062

1.094

.105

.098

.701

.022

.168

.072

.096

1.100

.106

.100

.703

.022

.168

.073

.095

1.107

.108

.101

.709

.023

.165

.071

.094

1.115

.109

.102

.714

.024

.166

.075

.091

1.121

.109

.104

.718

.024

.166

.084

.082

1.129

.109

.105

.721

.024

.170

.083

.087

1.136

.109

.106

.729

.025

.167

.080

.088

1.144

.110

.106

.739

.026

.162

.081

.081

1.152

.112

.107

.750

.028

.156

.084

.072

1.160

.113

.109

.761

.029

.149

.080

.068

1.172

.116

.110

.773

.031

.141

.073

.068

1.180

.119

.111

.786

.032

.131

.072

.059

1.192

.123

.114

.798

.033

.125

.065

.060

1.205

.125

.116

.801

.034

.129

.065

.064

1.220

.128

.118

.811

.035

.128

.066

.C62

1.242

.134

.122

.829

.037

.120

.059

.060

1. Excludes gross product originating in the rest of the world. 2. This is equal to the deflator for gross product of nonfinancial corporations,with the decimal point shifted two places to the left.



Table 1.15.—Gross Auto Product


Gross auto product l

Personal consumption expendituresProducers durable equipmentChange in dealers' auto inventories _

Net exportsExportsImports -

Addenda : New cars, domestic ^ _New cars, foreign

1967

28.9

24.94.4-.5

-.11.61.7

25.92.9

1968

36.3

30.45.41.1

-.82.02.8

32.64.4

1969

36.6

31.75.6.1

-1.12.23.4

32.25.6

1970

30.6

28.04.9-.9

-1.82.03.7

26.06.3

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


26.2

23.14.1

-1.2

.01.51.5

23.52.5

29.4

26.04.6

-1.5

.01.61.6

26.42.8

29.9

25.64.5-.4

-.11.61.7

26.63.0

30.3

25.04.41.0

-.51.52.0

27.03.5

35.1

29.15.1.8

-.31.92.2

31.24.1

36.7

29.25.22.8

-.72.02.7

33.24.3

36.4

31.75.6

— 2

-1.02.03.0

33.14.3

36.9

31.45.5.9

-1.22.03.2

33.05.0

38.5

31.85.61.1

-.32.32.6

34.14.9

34.8

31.35.5

-1 0

-1.32.33.5

30.75.6

38.1

31.75.61 9

-1.42.33.7

34.25.4

34.9

32.25.7

—1 7

-1.52.13.6

29.86.6

30.9

28.95.1

—1 7

-1.71.93.6

26.36.4

35.2

29.95.31 1

-1.42.43.8

30.36.7

34.1

29.65.2

5

-1.62.23.7

30.25.5

22.0

23.54.1

—3 6

-2.31.43.7

17.16.5

1. The gross auto product total includes government purchases, which amounted to $24 2. Differs from the gross auto product total by the markup on both used cars and foreignbillion annually during the periods shown. cars.

Table 1.16.—Gross Auto Product in Constant Dollars


Gross auto product * - -

Personal consumption expendituresProducers' durable equipmentChange in dealers' auto inventories

Net exports - -Exports _ . _.Imports

Addenda: New cars, domestic 2

New cars, foreign

1967

29.0

25.04.5

— 5

-.11.61.7

26.33.0

1968

35.4

29.55.31 1

— 82.02.8

32.34.4

1969

35.0

30.35.4. 1

-1.12.23.3

31.45.5

1970

28.3

25.94.6

— 9

-1.71.93.6

24.76.0

I

26.6

23.44.2

—1 2

.01.61.6

24.22.5

19

II

29.9

26 44.7

-1 5

.01.61.6

27.12.9

57

III

29.9

25.54.6

— 4

-.11.71.7

27.13.1

IV

29.8

24.64.41 1

-.51.52.0

26.93.5

I

34.4

28.55.1

8

— 31.92.3

31.14.1

19

II

Seasc

36.0

28 55.12 8

2.02.8

33.04.2

38

III

mally

35.4

30 85.5

— 2

-1.02.03.0

32.74.2

IV

adjuste

35.7

30 35.4

9

—1.22.03 2

32.54.9

I

jd at ai

37.2

30.75.51 1

-.32.32.6

33.54.9

19

II

inual r

33.4

30 05.4

— 1 0

—1.32.23 5

30.05.4

59

III

ates

36.3

30 15.41 9

-1.32.33.6

33.35.3

IV

33.1

30 65.5

—1 7

-1.52.03 6

28.96.4

I

29.1

27 34.9

— 1 6

-1.71.93 6

25.36.1

19

II

33.0

28 05.01 1

-1.32.43 7

29.06.4

70

III

31.6

27 44.9

5

-1.52.13 6

28.65.2

IV

19.6

21 13.7

—3 4

-2.21.33 5

15.86.0

1. The gross auto product total includes government purchases, which amounted tobillion annually during the periods shown.

2. Differs from the gross auto product total by the markup on both used cars and foreigncars.

Table 1.17.—Gross Farm Product


Table 1.18.—Gross Farm Product in Constant Dollars


Total value of farm output

Cash receipts from farm marketings and CCC loansFarm products consumed directly in farm households..Change in farm inventoriesGross rental value of farm homes . _ . ... . .

Less: Value of intermediate products consumed, totalIntermediate products consumed, other than

rentsGross rents paid to nonfarm landlords (excluding

operating expenses)

Plus: Other items . ... _

Equals: Gross farm product

Less' Capital consumption allowancesIndirect business taxes

Plus : Go vernmen t paymen ts to farm landlords . _

Equals: National income originating in farming- -

1967

46, 578

42, 615745737

2,481

21, 817

19 724

2,093

-203

24, 558

5 3961, 860

2,782

20, 084

1968

47, 571

44, 136732117

2,586

22, 203

20 017

2 186

-218

25, 150

5 8022,042

3,119

20,425

1969

51,761

48, 057749131

2,824

23, 558

21 287

2 271

-237

27,966

6 2442,231

3,417

22, 908

1970

53, 095

49, 134774329

2,858

24, 615

22 365

2 250

-286

28,194

6 5322,496

3,349

22, 515

Total value of farm output

Cash receipts from farm marketings and CCC loans _. . .Farm products consumed directly in farm householdsChange in farm inventories .. . _ .Gross rental value of farm homes

Less: Value of intermediate products consumed, totalIntermediate products consumed, other than rents. . . .Gross rents paid to nonfarm landlords (excluding operat-

ing expenses)

Plus' Other items

Equals : Gross farm product _ - - -

1967

45.1

41.8.7.7

1.8

21.019.0

2.0

2

23.9

1968

45.0

42.4.7.1

1.8

21.419.3

2.1

-.2

23.4

1969

46.4

43.9.6.1

1.8

22.019.8

2.2

-.2

24.2

1970

46.4

43.8.6.3

1.7

22.320.2

2.1

-.2

23.9



Table 1.19.—Gross National Product: Not Seasonally Adjusted



Personal consumption expenditures

Durable goodsNondurable goodsServices


Fixed investmentNonresiden tial

StructuresProducers' durable equipmen t - -

Residential structuresNonfarmFarm - .- -

Change in business inventoriesNonfannFarm - -. -- . --


ExportsImports

Government purchases of goods and services

Federal -National defenseOther

State and local _

I

186.5

114.8

15.649.250.0

28.3

23.919 66.1

13.54 34.2.1

4 44.4.0

1.5

11.39.7

41.9

21.517.44.2

20.3

19

II

197.2

122.1

18.753.050.4

28.6

27.521 76.9

14.85 95.7.1

1 11.0.1

1.6

11.810.2

44.9

22.518.34.2

22.4

67

III

198.4

123.0

17.653.951.5

29.2

28.320 77.5

13.27 67.5.19

.7

.2

.5

11.010.5

45.7

22.317.74.6

23.4

IV

211 7

132.1

21.258.852 1

30.4

28.621 37.5

13.87 37.1.1

1 81.4.4

1.6

12 210.6

47.6

24.419.05.4

23.2

I

199.2

123.5

17.951.753.9

28.8

25.920 26.4

13.75 85.6.1

2 92.9.0

.8

11.811.0

46.1

23.118.74.3

23.0

19

II

216.8

132.5

21.156.954.5

32.9

30.222 47.4

15,07.77.6.1

2. 72.6.0

1.1

13.012.0

50.4

25.120.54.6

25.3

68

III

215.6

134.3

20.357.856.1

31.2

30.722 28.1

14.18.68.5.1.5.4.1

-.3

12.612.9

50.4

24.018.75.3

26.4

IV

232.7

146.0

24.764.556.8

33.1

32.024 18.4

15.68.07.9.1

1.11.1.0

.9

13.212.3

52.6

26.620.36.3

26.0

I

216.9

133.8

19.855.358.8

32.5

28.522.07.0

15.06.56.4.1

4 04.0.0

.7

11.811.0

49.8

24.118.85.3

25.7

19

II

232.4

143.8

23.161.159.6

35.6

33.625.08.2

16.78.68.5.1

2.02.0.0

.5

14.714.2

52.5

24.620.14.4

28.0

69

III

233.0

144.9

21.562.061.5

34.9

33.824.99.6

15.38.98.8.1

1.11.0.0

-.5

13.914.4

53.8

24.919.75.3

28.8

IV

246.7

157.0

25.669.262.3

34.8

34.526.89.7

17.17.77.6.2.3.3.1

1.3

15.314.0

53.6

25.519.85.7

28.1

I

229.3

143.5

19.659.564.4

32.2

29.523.57.9

15.66.05.9.2

2.62.6.1

1.2

15.013.8

52.5

24.519.25.3

28.0

19

II

244 2

153.1

23.365.164 8

35.1

34.026 49.2

17.17 77.5.2

1.01.0.1

1.3

16.315.0

54.7

24.419.35.1

30.3

ro

in

242 6

154.1

21.566.066 6

33.3

34.125 89.8

16.08 38.2.2

— 8-.9

.1

-.3

15.215.5

55.5

23.418.15.3

32.1

IV

258 0

165.2

24.374.266 7

34.8

34.826 59.8

16.68 48.2.2

^-.2.1

1.3

16.315.0

56.7

24.918.86.1

31.8

Table 1.21.—Gross Product in Constant Dollars by Industry

All industries, total (GNP) ....

Agriculture, forestry and fisheriesFarms _

Mining

Contract construction .

ManufacturingNondurable goods industries .Durable goods industries _

TransportationRailroadsMotor freight and warehousing.

CommunicationTelephone and telegraph

Electric, gas, and sanitary services

Wholesale and retail trade ...Wholesale tradeRetail trade .

Finance, insurance, and real estateFinance and insurance . _

ServicesHouseholds and institutions

Government and government enterprisesGeneral government

Rest of the world

Residual i .

Addenda:Private sector-Private nonfarm business

(Billions of 1958 dollars)

1967

675.2

25.223.9

16.0

23.1

205.481.4

123.9

31.411.210.4

17.216.1

17.9

113.948.765.2

91.619.1

63.415.4

65.557.6

4.3

.3

617.5573.9

1968

706.6

24.823.4

16.3

23.8

219.287.4

131.8

33.211.211.2

18.517.3

19.2

120.852.867.9

95.219.9

65.816.0

68.659.7

4.5

-3.2

647.0603.1

1969

724.7

25.624.2

16.8

24.1

225.889.9

135.8

34.611.212.1

20.219.0

20.3

125.155.269.9

96.519.9

68.016.5

70.260.7

4.0

-6.5

664.0619.3

1970

720.0

25.323.9

17.2

23.0

217.189.2

127.9

34.210.911.6

21.820.5

21.2

127.156.171.0

97.019.1

68.617.0

69.960.6

4.0

-6.3

659.4614.6

Indexes of gross product in 1958 dollars

(1958=100)

1967

150.9

114.4114.6

129.2

111.6

166.1150.7178.0

149.9132.5162.4

194.3201.1

166.7

151.6165.6152.7

154.8133.8

147.6134.9

138.7136.8

152.4154.7

1968

158.0

112.4112.4

132.0

115.3

177.3161.8189.3

158.3132.6174.2

208.9215.8

179.2

160.8179.6148.6

160.8139.6

153.2139.8

145.2141.7

159.7162.6

1969

162.0

116.1116.1

136.1

116.6

182.6166.4195.1

164.9133.3188.1

228.5237.7

189.4

166.6187.8152.9

163.0139.8

158.4144.1

148.6144.1

163.9167.0

1970

161.0

114.7114.6

139.1

111.1

175.6165.1183.7

162.9129.2181.6

246.4256.6

198.3

169.2190.7155.3

163.9133.9

159.9148.6

147.9143.9

162.7165.6

Implicit price deflators

(Index numbers, 1958=100)

1967

117. 59

106.1102.8

87.0

156.4

108.9111.3107.4

102.080.7

107.4

102.599.7

103.2

114.0106.4119.7

118.8137.1

137.3147.5

146.2147.7

114. 79114.5

1968

122.30

110.5107.3

91.0

165.7

111.4112.3110.8

103.582.2

112.0

102.099.0

103.4

118.9108.6127.0

122.8148.0

144.3159.4

157.0159.1

118. 90118.4

1969

128. 21

119.1115.5

91.9

183.4

113.2114.4112.5

106.786.0

113.1

103.599.9

104.6

124.8113.3133.9

130.4158.5

154.1172.8

167.2171.1

124. 29123.5

1970

135.29

122.2118.0

97.9

199.3

116.6118.3115.5

111.890.3

121.7

103.399.8

105.2

131.6120.4140.5

137.9170.7

166.6186.8

184.4188.7

130. 38129.4

1. Represents the difference between GNP measured as sum of final products and GNP measured as the sum of gross product originating by industries.



Table 1.22.—Gross Product in Current Dollars by Industry, Total and by Components


All industries, total (GNP)

Employee compensation __ _Net interest _Capital consumption allowancesIndirect business taxes.Profit-type incomeStatistical discrepancy

Agriculture, forestry, and fisheries. _ ._ .

E mploy ee compensationNet interest _C apital consumption allowancesIndirect business taxes _ ._ .Profit-type income

Farms

Employee compensationNet interestCapital consumption allowancesIndirect business taxes.Profit-type income-

Mining -

Employee compensation _ _Net interest _ .Capital consumption allowancesIndirect business taxes _ _Profit-type income. . ..

Contract construction..

Employee compensation _Net interestCapital consumption allowancesIndirect business taxes _Profit-type income

Manufacturing

Employee compensationNet interest- -.Capital consumption allowancesIndirect business taxesProfit-type income . . _

Nondurable goods

Employee compensationNet interestCapital consumption allowancesIndirect business taxesProfit-type income _ _

Durable goods __

Employee compensation. _Net interest . *. -Capital consumption allowancesIndirect business taxes. _ .Profit-type income .

Transportation ^ .,

Employee compensation.Net interestCapital consumption allowancesIndirect business taxes ...Profit-type income.. . _

Railroads __ _

Employee compensation ._Net interestCapital consumption allowancesIndirect business taxesProfit-type income.. .

Motor freight & warehousing .

Employee compensation. .Net interest _Capital consumption allowancesIndirect business taxesProfit-type income

Communication. __

Employee compensationNet interestCapital consumption allowance^Indirect business taxesProfit-type income

Telephone telegraph and related services

Employee compensationNet interestCapital consumption allowancesIndirect business taxesProfit-type income. .

Electric, gas and sanitarv services

Employee compensation. . . .Net interest. ._Capital consumption allowances .Indirect business taxesProfit-type income

1967

793.9

467 °24.468.973.5

160.5-.7

26.7

3.72 45.72.2

12.8

24.6

2.92.35.41.9

12.1

13.9

5.2.1

3.31.14.2

36.1

26.6.3

2.0.9

6.4

223.7

152.32.3

17.415.736.3

90.6

55 81.07.4

11.415.0

133.1

96.51.4

10.04.1

21.3

32.0

21.8.9

4.72.32.2

9.0

6.4.4

1.4.7

(*)

11.2

7.7.2

1.3.7

1.3

17.6

7.7.7

2.52.44.4

16.0

6.6.6

2.32.34.1

18.4

5.91.83.72. 119

1968

864.2

514.626.974.582.0

168.9-2.7

27.4

4.02.66.12.3

12.4

25.2

3.12.65.b2.0

11.7

14.8

5.5.1

3.31.24.7

39.5

29.6.2

2.21.16.5

244.3

166.42.8

19.017.438.7

98.2

60.81.38.0

12.215.9

146.1

105.51.5

10.95.2

22.8

34.3

23.71.15.22.51.9

9.2

6.6.4

1.4.8

(*)

12.5

8.6.2

1.4.8

1.5

18.9

8.3.8

2.82.44.6

17.1

7.1.8

2.52.44.3

19.8

6.42.14.02.44.9

1969

929.1

565.529.981.189.5

167.2-4.1

30.5

4.22.96.62.5

14.3

28.0

3.22.86.22.2

13.5

15.5

6.1.1

3.51.34.4

44.2

33.6.2

2.41.26.9

255.6

180.14.1

20.418.332.8

102.9

65.81.88.6

12.913.8

152. 8

114.32.3

11.75.4

19.0

36.9

25.71.35.52.81.5

9.7

6.9.5

1.5.9

(*)

13.6

9.5.2

1.6.8

1.5

20.9

9.61.13.02.84.5

19.0

8.31.02.82.84.1

21.2

7.02.54.52.64.6

1970

974.1

601. 933.087.696.8

159.3-4.5

30.8

4.63.26.92.8

13.4

28.2

3.43.26.52.5

12.6

16.8

6.5.1

3.81.45.0

45.8

35.6.2

2.61.36.2

253.2

181.74.9

21.919.025.7

105. 5

68.61.69.4

13.512.4

147.7

113.03.3

12.55.5

13.3

38.2

27.01.66.03.0.6

9.8

7.1.6

1.7.9

-.4

14.2

9.9.3

1.7.9

1.4

22.5

10.91.63.32.93.8

20.5

9.51.53.02.93.5

22.3

7.82.64.92.94.1

Wholesale and retail trade

Employee compensationNet interestCapital consumption allowancesIndirect business taxesProfit-type income

Wholesale trade

Employee compensation . . .Net interestCapital consumption allowancesIndirect business taxes - -Profit-type income

Retail trade - .

Employee compensationNet interestCapital consumption allowancesIndirect business taxes ..Profit-type income

Finance, insurance and real estate -

Employee compensationNet interest - - -Capital consumption allowancesIndirect business taxesProfit-type income

Finance and insurance

Employee compensationNet interest - - . - -Capital consumption allowancesIndirect business taxes - -Profit-type income

Services

Employee compensationNet interest - -Capital consumption allowancesIndirect business taxesProfit-type income

Household and institutions -

Employee compensationNet interestCapital consumption allowancesIndirect business taxes - -Profit-type income

Government and Government enterprises

Employee compensation - -Net interestCapital consumption allowancesIndirect business taxesProfit-type income

General government

Employee compensationNet interestCapital consumption allowances - -Indirect business taxesProfit-type income

Rest of the world - - - - - - -

Employee compensationNet interest -

Indirect business taxesProfit-type income - - - -

Addenda:

Private sector -

Employee compensation -Net interestCapital consumption allowancesIndirect business taxes - -Profit-type income - -Statistical discrepancy - - - - -

Nonfarm business - - - - --

Employee compensation - - -Net interest - --Capital consumption allowances . - - - - -Indirect business taxesProfit-type income - - -Statistical discrepancy - - -

1967

129.9

74.01.06.7

24.623.5

51.8

28.1.4

2.313.08.0

78.1

45.8.6

4.411.715.5

108.8

22.412.716.820.236.8

26.2

19.1-9.4

1.52,4

12.6

87.0

53.91.36.32.1

23.4

22.8

22.8

95.8

93.8

.12.0

85.1

85.1

4.5

(*).9

3.6

708.8

382.224.468.973.5

160.5-.7

657.0

356.521.263.571.7

144.8-.7

1968

143.6

81.21.27.2

28.925.3

57.4

30.6.5

2.514.98.9

86.3

50.6.7

4.613.916.4

116.9

25.213.718.021.538.4

29.5

21.5-10.6

1.82.8

13.9

94.9

59.71.56.82.3

24.6

25.5

25.5

107.8

104.7

.13.0

94.9

94.9

4.7

(*)

4.0

769.3

419.726.974.582.0

168.9-2.7

713.9

391.123.668.780.0

153.3-2.7

1969

156.2

89.41.67.9

31.925.4

62.6

33.8.6

2.816.49.0

93.6

55.61.05.1

15.516.4

125.8

28.214.519.923.539.7

31.6

24.0-12.0

2.13.3

14.3

104.8

67.21.87.62.5

25.6

28.5

28.5

117.4

114.3

.13.0

103.8

103.8

4.3

.1-.2

4.5

825.3

461.729.981.189.5

167.2-4.1

764.5

430.027.374.987.2

149.3-4.1

1970

167.3

96.31.98.6

34.925.5

67.5

36.5.7

3.117.99.3

99.7

59.81.25.6

17.016.2

133.7

30.614.921.325.841.1

32.6

25.9-14.2

2.43.5

14.9

114.3

74.22.28.42.8

26.8

31.7

31.7

128.8

126.5

.12.2

114. 4

114. 4

4.6

.1-.2

4.8

859.8

487.533.087.696.8

159.3-4.5

795.2

452.330.181.194.3

141.9-4.5

NOTE. — Employee compensation includes wages, salaries, and supplements. Net interest isthe net interest component of national income. Capital consumption allowances consist ofdepreciation and accidental damage to fixed business property. Indirect business taxes in-clude indirect business tax and nontax liability and business transfer payments. Profit-typeincome consists of corporate profits after inventory valuation adjustment, proprietors in-come, rental income of persons, and surplus of government enterprises less subsidies. Capitalconsumption allowances and profits by industry may differ from figures published m othertables because these two items have been reallocated by industry from a company to anestablishment basis.

*Less than $50 million.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

22

2.—Personal Income and OutlaySUEVEY OF CURRENT BUSINESS

Table 2.1.—-Personal Income and Its Disposition

July 1971

Personal income

Wage and salary disbursementsCommodity- producing industries

ManufacturingDistributive industriesService industriesGovernment - -

Other labor income

Proprietors' income ..Business and professionalFarm -

Rental income of personsDividendsPersonal interest income

Transfer payments .. _ . . .Old-age, survivors, disability, and health

insurance benefitsState unemployment insurance benefitsVeterans benefitsOther

Less: Personal contributions for social in-surance

Less * Personal tax and nontax payments

Equals: Disposable personal income

Less: Personal outlays.

Personal consumption expendituresInterest paid by consumerPersonal transfer payments to foreigners

Equals : Personal saving

Addenda:Disposable personal income:Total, billions of 1958 dollars

Per capita, current dollarsPer capita, 1958 dollarsPersonal saving as a percentage of disposable

personal income

1967 1968 1969 1970

Millions of dollars

629,335

423,075166, 541134, 165100, 25670, 52585, 753

22,296

62, 14747,31514,832

21,09121,38548,009

51,818

25, 6622,1166, 575

17, 465

20,486

82,994

546,341

505,975

492, 06613,183

726

40,366

477.5

2,7512,404

7.4

688,924

464,862181, 458145,874109, 23278, 47895, 694

25,396

64,21449, 53414,680

21, 16023,55252,948

59,556

30, 2792,0607,254

19, 963

22,764

97,927

590,997

551,239

536, 17814,299

762

39,758

499.0

2,9462,487

6.7

750,339

509,575197, 430157,562119, 96388, 058

104, 124

28,207

67,02650,25416, 772

22,57524,44458,825

65,938

32,9632,1498,334

22, 492

26,251

116, 170

634,169

596,270

579,59515, 815

860

37,899

513.5

3,1302,535

6.0

803,643

541,400200, 745158, 314129, 11696,694

114, 845

30,839

66,86951,03015,839

23,31225,00464,668

79,558

38,4923,8919,735

27, 440

28,007

115,870

687,773

633,717

615, 84016, 929

948

54,056

531.5

3,3582,595

7.9

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


614.2

412.3164.0132.397.867.782.7

21.8

60.946.514.4

20.721.146.6

50.7

24.52.16.5

17.6

19.8

80.8

533.4

494.2

480.712.9

.6

39.3

470.8

2,6962,379

622.1

417.4164.1132.399.369.784.3

21.9

62.047.114.8

21.121.647.1

51.5

25.82.16.5

17.0

20.4

80.8

541.3

503.7

489.613.01.1

37.6

475.8

2,7292,398

634.7

426.4167.5134.7101.171.586.3

22.5

62.947.914.9

21.321.948.4

52.1

26.02.26.5

17.4

20.7

84.0

550.7

509.4

495.513.2

.7

41.3

479.7

2,7682,411

646.3

436.2170.6137.4102.873.289.7

23.0

62.947.715.2

21.321.049.8

53.1

26.42.06.8

17.9

21.1

86.3

559.9

516.6

502.513.5

.6

43.3

483.9

2,8072,426

664.0

447.8175.1141.1105.275.692.0

24.0

63.148.714.4

21.222.551.0

56.5

28.22.17.1

19.1

21.9

89.0

575.0

533.8

519.313.8

.7

41.2

492.3

2,8762,463

681.2

458.9179.2144.2107.877.694.3

25.0

63.849.814.1

21.123.452.3

59.2

30.32.07.2

19.7

22.5

92.9

588.3

543.8

529.014.1

.7

44.6

498.8

2,9362,489

7.6

697.8

471.1183.3147.3110.879.497.6

25.9

64.649.914.7

21.124.153.6

60.5

30.92.07.3

20.3

23.1

102.7

595.2

559.3

544.014.6

.8

35.9

500.8

2,9622,493

6.0

712.6

481.6188.2151.0113.181.498.9

26.7

65.349.815.5

21.324.354.9

62.1

31.82.17.5

20.8

23.5

107.1

605.5

568.1

552.514.9

.8

37.3

504.3

3,0062,503

6.2

726.8

491.8191.6153.3115.684.6

100.0

27.3

66.750.216.5

22.024.056.5

64.0

32.32.17.9

21.7

25.5

113.6

613.2

580.4

564.315.3

.7

32.8

506.1

3,0372,507

5.3

743.1

503.7196.2156.7118.887.0

101.7

27.9

67.150.516.6

22.624.258.1

65.4

32.92.08.3

22.1

26.0

117.2

625.9

592.4

575.815.7

.9

33.4

509.8

3,0932,520

5.3

759.3

516.9199.8159.6121.689.0

106.6

28.5

67.150.516.6

22.724.759.6

66.3

33.12.28.3

22.7

26.6

116.1

643.2

600.9

584.115.9

.9

42.3

517.5

3,1702,550

6.6

772.2

525.8202.1160.7123.991.6

108.1

29.1

67.249.817.4

22.924.961.1

68.1

33.52.48.7

23.4

27.0

117.8

654.5

611.4

594.216.21.0

43.1

520.5

3,2162,558

6.6

784.3

532.2202.2160.1126.094.3

109.8

29.8

68.050.217.8

23.025.062.7

71.1

34.22.69.1

25.2

27.4

116.7

667.6

621.5

604.016.51.0

46.2

524.4

3,2722,570

6.9

803.8

540.6200.9158.9127.995.6

116.2

30.4

67.651.016.6

23.224.963.7

81.1

41.43.69.5

26.7

27.8

118.0

685.7

631.5

613.816.81.0

54.2

533.0

3,3532,606

7.9

809.8

545.6201.4159.1130.797.2

116.2

31.2

66.051.414.5

23.425.265.6

81.2

39.04.29.9

28.1

28.3

113.5

696.2

638.9

620.917.1

.9

57.4

536.0

3,3952,613

8.2

816.7

547.2198.4155.1131.899.7

117.3

32.0

65.951.514.4

23.725.066.7

84.8

39.45.1

10.429.8

28.4

115.2

701.5

643.0

624.717.4

.9

58.5

532.5

3,4102,588

8.3

Table 2.2.—Personal Income: Seasonally Adjusted Monthly Totals at Annual Rates


Year and Month

1967

JanuaryFebruaryMarch .AprilMayJuneJulyAugustSeptemberOctober.NovemberDecember

1968

JanuaryFebruaryMarch _ .AprilMay..JuneJulyAugust.SeptemberOctober.. . .NovemberDecember

Personalincome

629.3

612.2613.7616.8618.7621.2626.5630.7635.5637.9639.9646.1652.7

688.9

656.1663.8672.1675.0681.3687.4692.9697.5703.1708.0712.7717.2

Wage and salary disbursements

All in-dustries

423.1

411.6411.8413.4415.4416.2420.5423.7427.1428.5429.8435.3443.5

464.9

442.2448.6452.7454.3459.0463.5467.4470.8475.1478.2481.7484.9

Commodityproducing

Total

166.5

165.0163.5163.6163.8163.7164.9166.3168.3167.8167.8171.2172.7

181.5

172.7175.7176.9176.8180.0180.9182.0182.9184.9186.6188.0190.0

Manu-facturing

134.2

133.0131.7132.1132.2131.9132. 9133.3135.7135.1135.0137.8139.3

145.9

139.6141.5142.2141.7145.0145.8146.3146.9148.6149.8150.9152. 2

Distrib-utive

100.3

97.497.898.398.899.1

100.1100.5100.8101.9102.0102.8103.5

109.2

103.9105.2106.5107.1107.1109.2109.7110.9111.9112.4113.4113. 5

Service

70.5

66.967.868.369.269.370.671.271.671.872.473.174.0

78.5

74.575.776.576.877.678.478.779.380.180.681.482. 1

Govern-ment

85.8

82.382.783.183.784.284.985.786.487.087.588.293.3

95.7

91.092.092.893.694.395.097.197.898.198.598.999.3

Otherlabor

income

22.3

21.721.821.821.921.922.022.222.522.822.923.023.2

25.4

23.624.024.424.725.025.525.725.826.026. 326.727 1

Proprietors'income

Businessand pro-fessional

47.3

46.346.446.746.747.147.647.848.048.147.747.747.8

49.5

48.348.749.149.449.950.049.949.850.049.949.849.fi

Farm

14.8

14.714.214.414.814.814.814.814.915.015.115.215.2

14.7

14.814.414.013.814.014.414.514.714.915.315.515. 7

Rentalincome

ofpersons

21.1

20.520.720.820.921.121.321.321.321.321.321.321.3

21.2

21.221.221.121.121.121.121.121.121.121.221.321.3

Divi-dends

21.4

20.821.021.321.521.621.521.822.021.921.821.819.5

23.6

22.222.522.823.223.523.423.924.124.324.424.523.9

Personalinterestincome

48.0

46.746.646.646.847.147.447.948.449.049.449.850.2

52.9

50.550.951.451.952.352.853.353.754.054.454.955.3

Transferpay-

ments

51.8

49.650.951.551.051.651.852.052.252.052.853.053.4

59.6

55.155.658.759.059.159.460.060.561.061.761.862.8

Less:personalcontribu-tions for

socialinsurance

20.5

19.719.719.820.320.320.520.720.820.720.921.121.4

22.8

21.721.922.122.422.622.723.023.123.223.423.423.6

Nonagri-culturalincome

609.4

592.5594.5597.4599.0601.3606.7610.8615.5617.7619.7625.6632.2

668.8

635.9644.1652.7655.9662.0667.6672.9677.1682.7687.0691.5695.8


July 1971 SUEVEY OF CURRENT BUSINESS 23

Table 2.2.—Personal Income: Seasonally Adjusted Monthly Totals at Annual Rates—Continued[Billions of dollars]

Year and month

1969

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember.

1970

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

Personalincome

750.3

720.8726.1733.4738.1742.9748.1754.1759.5764.3768.0772.1776.5

803.6

780.1783.5789.4808.0802.0801.4805.3809.0814.9813.6815.7820.9

Wage and salary disbursements

All in-dustries

509.6

488.0490.9496.5500.0503.5507.7513.0517.3520.5523.3525.7528.6

541.4

529.9531.4535.4540.6541.5539.6543.0545.1548.7544.2545.9551.5

Commodityproducing

Total

197.4

190.3190.6193.8195.2196.0197.6198.8199.8200.7201.6201.4203.3

200.7

201.6201.5203.4201.9200.3200.7201.4201.6201.3196.6196.6202.1

Manu-facturing

157.6

152.3152.4155.0155.8156.4157.9158.8159.7160.2160.8159.9161.4

158.3

160.2159.4160.8159.5158.5158.8159.4158.9159.0153.8153.2158.4

Distrib-utive

120.0

114.4115.6116.8117.5118.8120.0120.4121.9122.5123.3124.3124.2

129.1

125.5125.8126.8126.5128.2128.9130.1130.8131.3131.9132.2131.4

Service

88.1

83.684.785.586.286.987.788.488.989.990.691.892.5

96.7

93.794.394.895.295.795.996.897.297.898.899.8

100.4

Govern-ment

104.1

99.7100.1100.4101.1101.7102.4105.5106.8107.4107.8108.1108.5

114.8

109.1109.7110.4117.1117.4114.1114.7115.5118.3116.8117.3117.7

Otherlabor

income

28.2

27.327.327.327.627.928.128.328.528.728.929.129.3

30.8

29.529.830.030.230.430.730.931.231.431.732.032.2

Proprietors'income

Businessand pro-fessional

50.3

49.950.250.350.450.650.650.550.550.550.149.749.6

51.0

50.050.250.350.751.051.451.451.451.451.551.451.5

Farm

16.8

16.316.716.516.616.616.616.616.616.717.117.517.6

15.8

17.817.917.817.116.516.015.214.613.914.214.514.6

Rentalincome

ofpersons

22.6

21.722.022.322.522.622.722.722.822.822.822.923.1

23.3

23.023.023.123.123.223.323.323.423.523.523.723.8

Divi-dends

24.4

23.824.024.224.224.224.324.424.624.924.925.124.7

25.0

24.924.925.025.125.124.525.125.225.425.425.523.9

Personalinterestincome

58.8

55.956.557.157.758.158.659.159.660.160.461.161.8

64.7

62.462.762.963.363.764.264.965.666.366.566.766.8

Transferpay-

ments

65.9

63.363.964.865.165.365.665.966.266.967.367.969.0

79.6

69.970.972.685.778.379.579.980.882.984.784.585.1

Less:personalcontribu-tions for

socialinsurance

26.3

25.325.425.725.825.926.126.426.626.726.926.927.1

28.0

27.427.427.627.927.927.828.228.328.528.228.328.6

Nonagri-culturalincome

727.7

698.7703.8711.3715.6720.5726.0731.9737.0741.6744.6748.6753.0

781.4

756.1759.0764.8784.7778.9778.8784.3788.1794.2792.5795.0800.5

Table 2.3.—Personal Consumption Expenditures by Major Type[Billions of dollars]

Personal consumption ex-penditures ..

Durable goods

Automobiles and partsFurniture and household equip-

mentOther

Nondurable goods

Food and beveragesClothing and shoesGasoline and oilOther

Services

HousingHousehold operation ... _TransportationOther

1967

492.1

73.1

30.5

31.411.2

215.0

108.542.317.646.6

204.0

71.829.114.588.5

1968

536.2

84.0

37.5

34.312.3

230.8

115.346.319.050.2

221.3

77.331.215.597.3

1969

579.6

89.9

40.4

36.313.3

247.6

122.550.321.153.7

242.1

84.033.716.5

107.8

1970

615.8

88.6

37.1

37.414.2

264.7

131.852.622.957.5

262.5

91.236.117.9

117.3

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III


480.7

69.8

28.2

30.710.9

213.1

108.041.717.246.2

197.8

70.128.114.385.2

489.6

73.6

31.4

31.211.0

214.2

107.842.517.546.4

201.8

71.229.014.487.2

495.5

73.7

31.2

31.311.2

215.5

108.442.717.746.7

206.3

72.329.214.690.1

502.5

75.3

31.1

32.511.7

217.1

109.542.518.147.0

210.1

73.730.114.691.5

519.3

80.4

35.7

33.411.3

225.0

112.344.718.749.3

213.9

75.230.415.293.1

529.0

82.4

36.2

33.812.4

227.8

114.645.318.649.2

218.8

76.630.815.496.0

544.0

86.3

38.9

35.112.2

233.6

116.547.419.250.5

224.1

77.831.515.799.1

552.5

87.0

39.0

35.013.0

236.9

117.947.719.451.8

228.6

79.732.115.8

101.0

564.3

89.5

40.1

35.613.7

241.5

120.448.520.252.4

233.4

81.432.816.2

103.0

575.8

90.6

39.9

37.013.7

246.4

121.950.620.853.0

238.9

83.033.016.4

106.5

584.1

89.4

40.4

36.212.8

249.4

122.951.021.554.0

245.2

84.734.116.6

109.8

594.2

90.3

41.0

36.213.1

253.1

124.851.121.955.3

250.8

86.935.016.8

112.1

604.0

88.6

37.8

37.313.5

259.4

128.951.622.556.4

256.1

88.735.117.5

114.8

613.8

90.7

39.1

37.614.0

262.9

131.452.122.656.9

260.2

90.335.717.6

116.6

620.9

90.4

38.8

37.014.6

265.5

132.452.422.957.8

265.0

91.836.718.1

118.3

IV

624.7

84.9

32.7

37.614.6

270.9

134.354.223.559.0

268.9

94.136.918.3

119.5

Table 2.4.—Personal Consumption Expenditures by Major Type: Not Seasonally Adjusted[Billions of dollars]

Personal consumption expenditures... .

Durable goods

Automobile and partsFurniture and household equipment .

Nondurable goods

Food and beverages.Clothing and shoes..Gasoline and oil.Other

Services

HousingHousehold operationTransportation-Other

I

114.8

15 6

6 76 52 3

49 2

25 28 53 9

11 6

50 0

17 58.03 4

21 1

19

II

122 1

18 7

8 87 42 6

53 0

27 010 04 5

11 4

50 4

17 87 03 7

22 0

67

III

123 0

17 6

7 27 72 7

53 9

28 010 2

4* 711 1

51 5

18 26 73 8

22 9

IV

132 1

21 2

7 g9 83 6

58 8

28 213 84 5

12 5

52 1

18 47 53 7

22 6

I

123 5

17 9

8 57 02 4

51 7

26 48 84 3

12 1

53 9

18 78 63 6

23 o

19

II

132 5

21 i

10 18 12 9

56 9

28 911 04 8

12 1

54 5

19 17 43 9

24 1

68

III

134 3

20 3

8 88 62 9

57.8

29 711 15 1

11 9

56 1

19 67 34 1

25 2

IV

146 0

24 7

10 110 74 0

64 5

30 315 34' 8

14 1

56 8

19 97 93 9

25 0

I

133.8

19 8

9 47 52 9

55 3

28 19 84 6

12 8

58 8

20 39 33 9

25 3

19

II

143 8

23 1

11 18 83 3

61 1

30 712 05 4

13 0

59 6

20 87 94 2

26 7

69

III

144.9

21 5

9 58 93 1

62.0

31 512 05 7

12 8

61 5

21 37 94 3

28 0

IV

157.0

25.6

10 311.14 1

69.2

32 216 55 4

15 0

62 3

21.78.74 2

27.8

I

143.5

19.6

8 97.92 9

59.5

30 210.45 1

13 7

64 4

22.19.94 2

28.2

19

II

153.1

23.3

11.08.93 3

65.1

33.112.45 8

13.8

64.8

22.68.54.5

29.2

70

III

154.1

21.5

9.09.13.5

66.0

33.912.46.1

13.6

66.6

23.18.54.7

30.3

IV

165.2

24.3

8.311.54.5

74.2

34.617.45.8

16.3

66.7

23.59.14.5

29.6Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Table 2.5.—Personal Consumption Expenditures by Type of Product


I Food ' and tobacco

1. Food purchased for off-premise consumption(n d c.). -

2 Purchased ineals and beverages (n.d.c.)3 Food furnished government (including mili-

tary) and commercial employees (n.d.c.) _ _ ....4 Food produced and consumed on farms (n.d c )5 Tobacco products (n.d.c.)

II Clothing accessories, and jewelry

1 Shoes and other footwear (n.d c )2 Shoe cleaning and repair (s.)

3 Clothing and accessories except footweara Women's and children's (n.d c.)b Men's and boys' (n.d.c.)

4. Standard clothing issued to military personnel(n d c )

5. Cleaning, dyeing, pressing, alteration, storage,and repair of garments including furs (inshops) not elsewhere classified (s.) ... .

6 Laundering in establishments (s )

7 Jewelry and watches (d.c )8 Other (s )

III Personal care

1 Toilet articles and preparations (n d c )2 Barbershops beauty parlors, and baths (s )

IV. Housing

1. Owner-occupied nonfarm dwellings— space-rental value (s.) _ _ _ _ _ _

2. Tenant-occupied nonfarm dwellings (includ-ing lodging houses) — space rant (s )

3 Rental value of farmhouses (s )4 Other (s )

V Household operation

1 Furniture including mattresses and bed-springs (d c )

2. Kitchen and other household appliances (d.c.).3. China, glassware, tableware, and utensils

(d c )4 Other durable house furnishings (d c )

5 S em idurable house furnishings (n . d . c . ) _6 Cleaning and polishing preparations, and

miscellaneous household supplies and paperproducts (n d c )

7 Stationery and writing supplies (n d c )

8 Household utilitiesa Electricity (•*.)b Gas (s.)c. Water and other sanitary services (s.)d Other fuel and ice (n d c )

9 Telephone and telegraph (s )10 Domestic service (s )11 Other (s.) _

VI Medical care expenses

1 Drug preparations and sundries (n d c )2. Ophthalmic products and orthopedic appli-

ances (d c )3 Physicians (s )4 Dentists (s.)

5 Other professional services (s.)6 Privately controlled hospitals and sanitariums

' (S)7 Health insurance

a. Medical care and hospitalization (s.)_. .b Income loss (s )

VII. Personal business

1. Brokerage charges and investment counseling( s)

2 Bank service charge^ trust services and s^ifp-deposit box rental (y.)

3. Services furnished without payment by finan-cial intermediaries except insurance com-panies (s )

1967

117, 744

82, 56223, 233

1,937719

9,293

50, 995

6,302356

35, 85423, 11212, 742

192

1> 4, 204j

3,501586

8,558

4 8573 701

71, 848

47, 057

19 7062,4812,604

70, 514

7 0767,153

2,9166 957

4,951

4,7321,625

19 8317,4964,4321,9225 981

7 5324,4773,264

34 491

5 433

1 5849 2793,306

1,724

10 7442,4211, 561

860

26, 182

2 747

1,687

9,274

1968

125, 134

87, 62425, 038

1,959706

9,807

55, 474

6 970372

39 10025 31513 785

203

4,381

3,790658

9,049

5 2003 849

77,311

50, 753

21 1422, 5862,830

76, 215

7 5087,861

3,2797 959

5,513

4 9861,762

20, 9458,1414,6132,0466 145

8 1784,6293,595

37, 767

5 873

1 70010 0473,461

1,822

12, 3232,5411,555

986

29, 532

3 401

1,829

10, 689

1969

132 629

93 28126 457

2,040724

10 127

59 830

7 713396

42 40627 42014 986

174

4,480

3 939722

9 675

5 6534 022

83,999

54, 999

23 1242 8243,052

81 647

7 9448,322

3,5728 582

5,989

5,3032,065

22, 1948,9054,9292,1916 169

9 0924,6813,903

42, 353

6 347

1 78111, 1783,921

1,857

14, 5902,6791,5891 090

33, 261

2 942

1,987

13, 192

1970

142, 945

100, 49928, 447

2,063748

11, 188

62 278

8 063420

44 33328 79415 539

158

4,507

3 904803

10 101

6 0594 042

91,224

59 554

25 5522 8583,260

85 618

8 0178,541

3,7768 696

6,419

5 5492,253

23 7159 8215,2782,3626 254

9 8414,7154,096

47 268

6 742

1 84212 4414,383

1, 894

17, 1472,819

35, 497

2.041

2,098

15, 212

VII. Personal business — Continued

4. Expense of handling life insurance (s.)5. Legal services (s.) _ .6. Funeral and burial expenses (s.) _ - .7 Other (s.)

VIII. Transportation

1. User-operated transportationa. New cars and net purchases of used cars

(d c.)b. Tires, tubes, accessories, and parts (d.c.)

c. Automobile repair, greasing, washing,parking, storage, and rental (s.)

d. Gasoline and oil (n.d.c.) . _ .

e. Bridge, tunnel, ferry, and road tolls (s.)f. Automobile insurance premiums less

claims paid (s.)

2. Purchased local transportationa. Street and electric railway and local bus

(s.)b Taxicab (s.)c. Railway (commutation) (s.) ._

3 Purchased intercity transportationa Railway (excluding commutation) (s ) ....

b Intercity bus (s.)c Airline (s.) _ _ ._ .d. Other (s.) ....... . ...

IX Recreation

1. Books and maps (d.c.).?. Magazines, newspapers, and sheet music

(n.d.c.) _ . . .3. Nondurable toys and sport supplies (n.d.c.).....

4. Wheel goods, durable toys, sport equipment,boats, and pleasure aircraft (d.c.)....... . .

5. Radio and television receivers, records, andmusical instruments (d c.)

6 Radio and television repair (s.)

7. Flowers, seeds, and potted plants (n.d.c.)..8 Admissions to specified spectator amusements. .

a Motion picture theaters (s.)d. Legitimate theaters and opera, and en-

tertainments of nonprofit institutions(except athletics) (s.)

c. Spectator sports (s.). .9 Clubs and fraternal organizations except in-

surance (s) - - . .10. Commercial participant amusements (s.) . ...

11 Pari-mutuel net receipts (s.)12 Other (s.).__ . . . .. .

X Private education and research

1 Higher education (s.)2. Elementary and secondary schools (s.) .3. Other (s.)

XI Religious and welfare activities (s.)

XII Foreign travel and other, net _

1 Foreign travel bv United States residents (s.) . _ .2 Expenditures abroad by United States Gov-

ernment personnel (military and civilian)(n.d.c.) .,

3. Less: expenditures in the United States byforeigners (s.)

4. Less: personal remittances in kind to foreign-ers (n.d.c.)

Total personal consumption expenditures -

Durable commodities (d.c.) -

Nondurable commodities (n.d.c.) .

Services (s. ) . .

1967

5,9423 1551 8611 516

62 588

58 163

26 6463 848

6 63717 619

464

2 949

2 216

1 385687144

2 209206

3581 617

28

30 758

2,689

3 2073 975

3 422

7 3281 143

1,1072,030

989

605436

9881,600

7952,474

7,576

3,7502,0671,759

6,948

3,864

4,196

1,570

1,721

181

492, 066

73,120

214, 968

203,978

1968

6 5833 2902 0241 716

71 983

67 265

32 9794*479

7 29218 992

504

3 019

2 266

1 397716153

2 452177

3651 879

31

33 623

2 825

3 5084 701

3 937

7 7151 227

1,2512 1301 045

632453

1,0471,662

8612,759

8,690

4,2302,2852,175

7,605

3,795

4,179

1,694

1,858

220

536, 178

84,032

230,812

221,334

1969

7 4753 6062 1041 955

77 973

72 843

35 2705 084

7 86421 095

517

3 013

2 383

1 477'744

162

2 747164

3772 172

34

36 284

3 172

3 7985 250

4 434

7 8381 266

1,3682 2601 099

674487

1 1121,733

9523,101

9,597

4,7212,4712,405

8,112

4,235

4,747

1,847

2, 145

214

579,595

89,938

247,592

242,065

1970

7 952S 8762 1882 130

77 871

72 354

31 5355 581

8 67222 862

537

3 167

2 518

1 557789172

2 999148

3952 420

36

39 049

3 441

4 0975,726

4 873

8 3281 322

1,4362,4131 162

735516

1, 1581,819

1,0183,418

10, 353

5, 1742,5612,618

8,826

4,810

5,445

2,025

2,417

243

615,84(

88, 624

264,678

262,538

1. Expenditures for food (items 1-4) include consumer expenditures for alcoholic beveragesof the following amounts in millions of dollars: 1967, $14,530; 1968, $15,590; 1969, $16,393; and1970, $17,714. Expenditures for food excluding alcoholic beverages are as follows in millionsof dollars: 1967, $93,921; 1968, $99,737; 1969, $106,109, and 1970, $114,043.

NOTE.—Consumer durable commodities are designated (d.c.), nondurable commodities(n.d.c.), and services (s.) following group titles.



Table 2.6.—Personal Consumption Expenditures by Type of Product in Constant Dollars[Billions of 1958 dollars]

Personal consumption expenditures l

Durable goods

Autos and parts

New cars and net purchases of used carsTires tubes accessories, and parts

Furniture and household equipment ._ .....

Furniture including matresses and bedsp ringsKitchen and other household appliances.. _ .China, glassware, tableware, and utensils, and other

durable house furnishingsRadio and television receivers, records, and musical

instruments

Other durable goods

Ophthalmic products and orthopedic appliancesWheel goods, durable toys, sport equipment, boats,

and pleasure aircraft

Nondurable goods

Food and beverages _

Food purchased for off -premise consumptionPurchased meals and beverages _Food furnished government (including military) and

commercial employees, and food produced andconsumed on farms

Addenda' Food excluding alcoholic beveragesAlcoholic beverages

Clothing and shoes

Shoes and other footwearWomen's and children's clothing1 and accessoriesMen's and boys' clothing and accessories, and stand-

ard clothing issued to military personnel

Gasoline and oil.. - - - -

Other nondurable goods .

Tobacco productsToilet articles and preparations .Semidurable house furnishings . .Cleaning and polishing preparations, and miscella-

neous household supplies and paper products

1967

430.1

72.9

30.6

26.73.9

31.5

6.38.2

9.1

7.9

10.7

1.3

3.3

190.2

95.7

74.718.7

2.3

82.613.1

36.6

5.020.5

11.1

15.8

42.2

7.34.74.5

4.5

1968

452.7

81.3

36.5

32.14.4

33.4

6.48.9

9.9

8.3

11.4

1.4

3.8

197.1

98.7

77.019.3

2.3

84.913.8

37.8

5.321.2

11.4

16.7

43.8

7.34.94.7

4.6

1969

469.3

84.8

38.6

33.84.8

34.3

6.49.2

10.4

8.4

11.9

1.4

4.2

202.7

100.5

78.619.6

2.3

86.114.4

38.8

5.521.8

11.6

18.0

45.4

7.05.14.S

4.8

1970

475.9

81.4

34.4

29.35.1

34.7

6.29.3

10.3

8.9

12.3

1.3

4.6

207.3

102.8

80.719.8

2.3

87.715.0

38.9

5.422.0

11.5

19.2

46.4

7.25.45.0

4.8

Other nondurable goods— Continued

Other fuel and ice..Drug preparations and sundriesNondurable toys and sport supplies

Services

Housing

Owner-occupied nonfarm dwellings— space-rentalvalue

Tenant-occupied nonfarm dwellings (including lodg-ing houses) — space rent .

Rental value of farmhouses

Household operation services

ElectricityGasWater and other sanitary servicesTelephone .Domestic service

Transportation services -

User-operated transportation services . . .Purchased local transportationStreet and electric railway and local bus

Purchased intercity transportationRailway (excluding commutation)Intercity busAirline

Other services

Shoe cleaning and repairCleaning, dyeing, pressing, alteration, storage and

repair of garments including furs, and laundering,in establishments

Barbershops, beauty parlors, and baths . .

Medical care servicesPhysiciansDentists

Services furnished without payment by financialintermediaries except insurance companies

Admissions to specified spectator amusements

1967

5.35.63.9

167.0

63.5

41.9

17.51.8

25.8

7.33.91.57.43.1

11.8

8.21.61.0

2.0.2.3

1.5

65.9

.3

3.3

2.9

19.36.52.5

6.91.2

1968

5.36.04.5

174.4

66.6

44.1

18.41.8

27.0

7.84.11.58.03.0

12.4

8.61.5.9

2.2.2.3

1.7

68.5

.3

3.3

2.8

20.16.72.5

7.41.2

1969

5.26.44.9

181.8

69.9

46.3

19.51.8

28.5

8.44.21.58.82.9

12.5

8.71.5.9

2.3.1.3

1.8

70.9

.3

3.2

2.8

21.27.02.7

7.91.2

1970

5.06.75.1

187.2

72.9

48.2

20.71.7

29.6

9.04.31.59.42.7

12.4

8.71.4.8

2.3.1.3

1.9

72.3

.3

3.0

2.7

22.47.22.8

7.91.2

1. Totals and subtotals include items not shown separately.

3.—Government Receipts and ExpendituresTable 3.1.—Federal Government Receipts and Expenditures


Receipts

Personal tax and nontax receipts

Total receipts before refunds. .Income taxesEstate and gift taxes ._Nontaxes _ . . .

Less: Tax refunds

Corporate profits tax accruals

Indirect business tax and nontax accruals..

Total accruals before refundsExcise taxes . _

LiquorTobaccoOther

Customs duties.Nontaxes. .

Less: Tax refunds


1967

151 217

67, 521

75 82372 6583 106

59

8,302

30, 743

16, 290

16 72413 7104,2222,1207 3681 9881 026

434

36 663

1968

175 025

79 653

89 44586 2353 160

41

9 792

36, 708

17, 979

18 29314 9274 3872,1368 4042 3281 038

314

40 685

1969

196 856

94 850

105 734102 071

3 60756

10 884

36, 273

18, 980

19 29215 7844 6752 0939 0162 4291 079

312

46 753

1970

191 481

92 240

106 037109 229

3 72682

13 797

30, 621

19, 303

19 64015 9874,8172,1748 9962 5531 100

337

49 317

Expenditures

Purchases of goods and services

Compensation of employeesStructures (excluding construction force account com-

pensation)Other purchases

Addendum* Construction force account compensation

Transfer payments - --To persons - -- - -To foreigners (net) - -

Qrants-in-aid to State and local governments

Net interest paid

Subsidies less current surplus of government enterprises

Less' Wage accruals less disbursements

Surplus or deficit ( — ), national income and productaccounts

1967

163,594

90, 706

35, 865

3,19151 650

214

42, 23139, 9882,243

15 826

10 186

4 645

0

-12,377

1968

181, 509

98, 768

39, 496

3,10456 168

211

48, 20446, 0912,113

18 675

11, 741

4 121

0

-6,484

1969

189, 537

99, 152

42, 165

3,11153,876

208

52,44950,3992,050

20, 280

13, 099

4,557

0

7,319

1970

205, 121

97, 226

44, 831

3,18249, 213

206

63, 37861, 1772,201

24,417

14, 578

5,522

0

-13,640


26 SUEVEY OF CURRENT BUSINESS July 1971

Table 3.2.—Federal Government Receipts and Expenditures: Quarterly

[Billions of dollars, seasonally adjusted at annual rates!

Receipts

Personal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax accrualsContributions for social insurance

Expenditures - _. _ _ -

Purchases of goods and services .National defense . - .Other . -

Transfer payments ...To personsT o foreigners (net) . _ _ _ _ _ . _

Grants-in-aid to State and local governmentsNet interest paidSubsidies less current surplus of government

Less* Wage accruals less disbursements _

Surplus or deficit (— ), national income andproduct accounts , _ -

I

147.7

66.030.315.835 6

159.3

87.769.917.9

41.539 32.2

15.110 2

.0

-11.6

19

II

148.7

65.630.516.236.4

161.2

90.171.818.3

42.039.82.2

14.69 8

.0

-12.5

67

:„!

151.9

68.430.216.436.9

165.0

91.473.018.3

42.740.12.6

16.210 2

.0

-13.1

IV

156.5

70.131.916.837.7

168.8

93.674.718.9

42.740.72.0

17.410.5

.0

-12.3

I

164.8

71.736.417.439.2

174.5

96.176.519.6

45.543.61.8

17.611.2

.0

-9.8

19

II

169.8

75.036.817.840.3

181.0

98.578.320.2

48.146.02.1

18.611.7

.0

-11.2

68

III

180.0

84.136.418.341.2

183.9

99.879.120.8

49.046.82.2

19.011.9

.0

-3.9

IV

185.6

87.937.318.442.0

186.7

100.679.421.3

50.347.92.4

19.612.2

.0

-1.1

I

195.6

93.738.218.445.3

186.5

99.278.320.8

50.949.11.8

19.612.4

.0

9.1

19

II

199.3

96.537.519.046.3

187.6

97.777.520.2

52.650.12.5

20.012.8

.0

11.7

69

III

195.8

94.034.919.447.4

190.7

100.379.420.9

52.550.61.9

20.013.3

.0

5.1

IV

196.8

95.234.519.148.0

193.4

99.578.421.1

53.751.72.0

21.514.0

.0

3.4

I

191.6

93.830.619.048.2

196.1

100.278.921.3

56.154.02.1

23.014 3

5 02.5

-4.5

19

II

193.8

94.530.919.149.2

207.9

96.875.121.6

65.363.32.0

23.914.3

5 5-2.1

-14.1

70

III

191.3

89.731.919.750.0

206.7

96.174.221.9

64.662.42.3

24.915.0

5 8A

-15.4

IV

189 3

91.029.019.449 8

209.8

95.973.222.7

67.565.02.4

25.914.8

5 7.0

-20.5

Table 3.3.—State and Local Government Receipts and Expenditures[Millions of dollars]

Receipts

Personal tax and nontax receiptsIncome taxesDeath and gift taxesMotor vehicle licensesProperty taxesOther taxesNontaxes

Corporate profits tax accruals

Indirect business tax and nontax accrualsSales tax

StateGeneralGasolineLiquorTobacco

LocalMotor vehicle licensesProperty taxes . . . .Other taxes 1

Nontaxes

1967

93, 526

15 4736,292

8971,196

893290

5 905

2,434

54, 11119, 29417, 2459,4885,0021,0761,6792,0491,106

26, 7935 1821,736

1968

107, 120

18 2748 061

9601,369

984341

6 559

3,150

60 60422, 59820, 47511 7725,4961,1772 0302 1231,319

29, 4735 5031,711

1969

119, 021

21 3209,9931 0621,5231,076

3657 301

3 428

66 72925, 20022, 76013, 3615, 9781,3102 1112,4401,426

31, 9806 4441,679

1970

133, 440

23 63011, 1141 0821,6441, 198

4238 169

3,499

73 58528, 02225, 19514 8476,4291,4932 4262 8271,553

35, 4136 9041,693

Receipts — Continued


Federal grants-in-aid

Expenditures .. .

Purchases of goods and servicesCompensation of employees . ...Structures (excluding construction force account con-

pensation)Other purchases

Addendum: Construction force account compensation..

Transfer payments to persons ...

Net interest paid

Less: Current surplus of government enterprises .

Surplus or deficit ( — ), national income and productaccounts . . . . . ..

1967

5,692

15, 826

95, 089

89, 38749, 222

22, 28017, 885

553

8,707

224

3,229

-1,553

1968

6,417

18, 675

107, 466

100, 79355, 434

24, 60420, 755

604

10, 020

39

3,386

-346

1969

7,264

20, 280

118,893

110, 55661,646

25, 00123, 909

612

11, 794

49

3,506

128

1970

8,30

24,41

132,93

122, 1669,52

25,2127,43

61

14,44

14

3,82

50

1. Other taxes includes tax amounts for several state selective sales taxes not separately shown, and not included in the state sales tax total above. The amounts (in millions) are asfollows: 1967, $2,134; 1968, $2,401; 1969, $2,991; 1970, $3,090.

Table 3.4.—State and Local Government Receipts and Expenditures: Quarterly

[Billions of dollars, seasonally adjusted at annual rates]

Receipts

Personal tax and nontax receipts-Corporate profits tax accruals _ .Indirect business tax and nontax accrualsContributions for social insuranceFederal grants-in-aid

Expenditures ...

Purchases of goods and services .Transfer payments to persons .Net interest paid-..Less: Current surplus of government enterprises. . .

Surplus or deficit (-), national income andproduct accounts

I

89 9

14.82.4

52.25.4

15 1

91.8

86 58.3

23.2

—2 0

19

II

91 1

15.22.4

53.35.6

14 6

93.8

88 28 5

23.2

—2 7

67

III

98 9

15 62.4

54.95 8

16 2

95 7

89 98 8

23.2

— 8

IV

96 3

16 32.5

56.16 0

17 4

99 0

92 99 2

23 0. O

_ 7

I

102 6

17 33 1

58.46 1

17 6

103 0

96 89 6o3.3

— 4

19

II

106 1

17 93.2

60. 16 3

18 6

105 9

99 59 8o3.4

1

68

III

108 5

18 63 1

61.36 5

19 0

108 7

101 810 2

13.4

_ 2

IV

111 3

19 23.2

62.76 7

19 6

112 2

105 110 5

13.5

— 9

I

114 2

20 03 7

64.16 9

19 6

115 1

107 311 2

13.5

_ 9

19

II

117 3

20 73,6

66.07 1

20 0

118 3

110 111 5

23.5

—1 0

69

III

120 4

22 13.3

67.67 4

20 0

119 8

111 212 0

13.5

6

IV

124 2

22.63.2

69.27 7

21 5

122 4

113 512 6_ 23.5

1 8

I

128 0

23.03.5

70.77.9

23 0

126.9

117. 113.3

13.6

1 1

1<

II

131 9

23.53.5

72.88.2

23 9

130.0

119.714.0

13.8

1.9

)70

III

135 3

23.83.7

74.58.4

24 9

135.1

124.014.8

.13.9

.2

IV

138 5

24.23.3

76.48.7

25.9

139.8

127.915.6

.24.0

—1.3



Table 3.5.—Federal Government Receipts and Expenditures: Not Seasonally Adjusted[Billions of dollars]

Receipts -

Personal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax accrualsContributions for social insurance

Expenditures - - --

Purchases of goods and services - - - - -National defense -Other

Transfer paymentsTo personsTo foreigners (net) - - - -

Grants-in-aid to State and local governments

Net interest paid - - .

Subsidies less current surplus of governmententerprises

Less1 Wage accruals less disbursements

Surplus or deficit (— ), national income andproduct accounts -

I

37.4

16 27.23. 6

10 4

39.3

21.517.44 2

10.610 0

.6

3.6

2.6

.9

.0

— 1.9

18

II

42.1

19 07.94. 2

11 0

39.6

22 518.34 2

10.610 0

.6

3.5

2.4

6

.0

2.5

67

III

37.0

17 27.34. 08 4

42.0

22.317.74 6

10.59 9.6

4.4

2.6

2.3

.0

-5.0

IV

34.7

15 18.34. 56 9

42.7

24 419.05 4

10.510 1

.5

4.4

2.6

.8

.0

-7.9

I

40.7

16 78.64. 1

11 2

42.2

23.118.74 3

11.511.1

.5

4.1

2.8

6

.0

-1.5

19

II

48.1

22 39.54. 5

11 8

45.6

25.120.54 6

12.211 7

.6

5.0

2.9

4

.0

2.6

68

III

44.5

21 68.94. 59 5

46.5

24.018.75 3

12.111.6

.5

4.8

2.9

2. 7

.0

-2.0

IV

41.7

19 09.74. 88 2

47.3

26.620.36 3

12.411 8

.6

4.8

3.1

4

.0

-5.5

I

47.8

21 49.04. 4

13 0

45.3

24 118.85 3

13.012 5

5

4.5

3.2

6

.0

2.4

19

II

56.3

28 19.7

13 6

46 8

24 620.14 4

13.312 7

.7

5.3

3.1

4

.0

9.6

69

III

48.7

24 48.5

11 0

49.3

24 919.75 3

12.912 5

.4

5.0

3.3

3 1

.0

-.6

IV

44.1

21 09.1

9 1

48.2

25 519.85 7

13.312 8

.5

5.5

3.5

5

.0

-4.1

I

47.4

21 77.2

14 0

47 7

24 519 25 3

14 313 7

5

5.5

3.7

4

.6

-.3

19

II

54.4

26 68.0

14 8

52 0

24 419 35 1

16 415 9

6

6.5

3 5

7

— 5

2.4

70

III

47.7

23 57.7

11 6

53 2

23 418 15 3

15 915 4

5

6.1

3. 7

4 o

— .1

-5.5

IV

42 0

20 47.75.09 0

52 2

24 918 86 1

16 816 2

6

6.4

3 7

5

.0

-10 2

Table 3.6.—State and Local Government Receipts and Expenditures: Not Seasonally Adjusted


Receipts

Personal tax and nontax receiptsCorporate profits tax accruals . . _

Indirect business tax and nontax accruals

Federal grants-in aid

Expenditures

Purchases of goods and services . . . .Transfer payments to persons

Net interest paidLess: Current surplus of government enterprises . . .

Surplus or deficit (— ), national income andproduct accounts

I

21.4

3.9.6

12.0

3. 6

21.7

20.32. 1

1.8

-.3

19

II

23 1

4 3.6

13.2

3 5

23 8

22.42 1

1.8

-.7

67

III

22.1

3 5.6

12.3

4.4

24 9

23.42.2

.1

.8

-2.8

IV

27.0

3 8.7

16.7

4 4

24 7

23.22 3

1.8

2.2

I

24 4

4 5.7

13.5

4 1

24 6

23.02 4

o.8

-.2

19

II

27 8

5 38

15.1

5 0

26 9

25.32 4

o.8

.9

68

III

24.7

4 1.8

13.4

4 8

28 2

26.42 5

o.9

-3.5

IV

30 3

4 48

18.5

4 8

27 8

26.02 6

o.9

2.4

I

27 2

5 29

14.9

4 5

27 6

25.72 8

o.9

—.5

19

II

30 2

6 09

16.2

5 3

30 0

28 02 9

o.9

.2

69

III

28.2

4 8.8

15.7

5 0

30 9

28.83 0

o.9

—2.8

IV

33.5

5 3.8

19.9

5 5

30 3

28.13 1

_ 1.9

3.2

I

30.7

5 9.8

16.6

5 5

30 4

28.03.3

o.9

.3

19

II

34 5

6 6.9

18.5

6 5

32 8

30.33 5

0.9

1.6

70

III

30.6

5 3.9

16.221

6.1

34.9

32.13.7

.01.0

-4.3

IV

37.7

5 9.9

22.3

6 4

34 8

31.83.9

. l1.0

2.9



Table 3.7.—Social Insurance Funds


Federal

Receipts


Personal contributions

Employer contributionsGovernment and government enterprisesPrivate

Investment income

Expend itures

Benefit paymentsTransfers to general government

Surplus or deficit

1967

39, 077

36 663

18, 126

18 5373,133

15, 404

2 414

33, 222

31 9881,234

5,855

1968

43, 408

40, 685

20, 141

20, 5443,515

17, 029

2 723

38, 282

36 8051,387

5,126

1969

49, 955

46, 753

23, 294

23, 4594,041

19, 418

3,202

41, 712

40, 0461,666

8,243

1970

53, 900

49, 317

24, 671

24, 6464,693

19, 953

4,583

49, 678

48, 0751,603

4,222

State and local

Receipts


Personal contributions _

Employer contributionsGovernment and government enterprisesPrivate

Investment income

Expenditures

Benefit payments -Transfers to general government

Surplus or deficit

1967

7,376

5 692

2 360

3 3323 320

12

1 684

3,006

2 93571

4,370

1968

8 390

6 417

2 623

3 7943 780

14

1 973

3 415

3 32788

4 975

1969

9 571

7 264

2 957

4 3074 288

19

2 307

3 880

3 771109

5 691

1970

10 940

8 309

3 336

4 9734 945

28

2 631

4 429

4 293136

6 511

Table 3.8.—Contributions for Social Insurance


Table 3.9.—-Government Transfer Payments to Persons


Total contributions for social insurance

Employer contributions - . - - - - - -

Federal social insurance funds - - - - - - . . -Old-age, survivors, and disability insuranceHospital insuranceS tate unemployment insurance - .Federal unemployment tax - .Railroad retirement insuranceRailroad unemployment insurance. _ .. -.. ..Federal civilian employee retirement systemsVeterans life insurance (Government)

State and local social insurance fundsState and local employee retirement systemsCash sickness compensation funds

Personal contributions - . _ - .

Federal social insurance funds .--Old-age survivors and disability insuranceHospital insuranceMedical insurance . - -OASDHI self-employedState unemployment insuranceRailroad retirement insuranceFederal civilian employee retirement systems. -Veterans life insurance (Government) - -

State and local social insurance funds -- - -State and local employee retirement systems - -Cash sickness compensation funds

1967

42, 355

21, 869

18, 53711,8531 5202, 6i4

641399141

1,3618

3,3323,320

12

20, 486

18, 12611, 8651,521

6361,799

22399

1, 294590

2,3602,075

285

1968

47, 102

24, 338

20, 54413, 1772,0812,536

681445136

1,4808

3,7943,780

14

22, 764

20, 14113, 1882,082

8281,579

25445

1,408586

2,6232,315

308

1969

54, 017

27,766

23, 45915, 7172,2452,529

721474131

1,63210

4,3074,288

19

26, 251

23, 29415, 7312,247

9081,767

27474

1,561579

2,9572,614

343

1970

57, 626

29, 619

24, 64616, 3352,3342,447

892467128

2,03211

4,9734,945

28

28,007

24, 67116, 3502,3361,0911,943

30467

1,875579

3,3363,000

336

Total government transfer payments to persons

Federal Government

Benefits from social insurance funds .. - ._ - -Old-age, survivors, and disability insurance benefits...Hospital and medical insurance benefitsState unemployment insurance benefits. - -Railroad retirement insurance benefits

Railroad unemployment insurance benefits - -Federal civilian pensionsVe terans life insurance -- . . .

Military pension, disability, and retirement payments.Other veterans benefits .. -Other

State and local government .. -- .. -.

Benefits from social insurance fundsGovernment pensions . ._ - _ .Cash sickness compensation

Direct relief - - . . . .Special types of public assistanceGeneral assistance

O ther

1967

48, 695

39 988

31, 98821, 122

4,5402,1161 346

412,067

756

6,218340

1,442

8,707

2,9352,650

285

4,9164,593

323

856

1968

56,111

46 091

36, 89524, 5985 6812,0601 527

402 272

717

6,637589

1,970

10, 020

3,3273,010

317

5,6505,231

419

1,043

1969

62, 193

50, 399

40,04626, 3816,5822,1491 597

372,559

741

7,469814

2,070

11,794

3,7713,415

356

6,6446,170

474

1,379

1970

75, 618

61, 177

48, 07531, 416

7,0763,8911 831

393,029

793

8,2851,3993,418

14, 441

4,2933,895

398

8,4247,805

619

1,724



Table 3.10,—Government Expenditures by Type of Function


112

345

6

7

89

101112

13

1415

16

171819

20

2122

23

24252627

28293031

32

33

3435363738

39

40

41424344

45

4647

48495051

52

53

54

55565758

59

6061

Total -

National defense -. . .

Military services and foreign military assistanceAtomic energy development.. ... .Other .

Space research and technology

General government . .

General administration ..General property and records management .Central personnel management and employment costs-Net interest paid. . . - . --Other

International affairs and finance -

Conduct of foreign affairs and informational activities. .Foreign economic assistance and other transfers

Education

Elementary and secondary ...HigherOther

Health, labor, and welfare.. ..

Health and hospitalsSanitation

Social security and special welfare services -

Public assistance and reliefUnemployment benefitsOld age and retirement benefitsOther .

Civilian safetyPoliceFire .Correction - -

Labor

Veterans benefits and services

Education, training, and other benefitsDisability and pension allowancesInsurance. . _ . - ._ .. . . -Hospitals and medical careAdministration and other services - _ _

Commerce, transportation, and housing

Regulation of commerce and finance

T ransportationHighways -WaterAir

Housing and community development

Urban renewal and community facilitiesPublic housing .

Public utilities .TransitElectricity—.Water and gas... -

Postal services. .

Other

Agriculture and agricultural resources

Stabilizing of farm prices and incomeFinancing farm ownership and utilitiesConservation of agricultural resourcesOther services .

Natural resources

Conservation and development of resources. .Recreation

1967

Federal

"c3

1

163,594

74,509

72, 3102,329-130

4,857

14,787

1,069534

2,27510, 456

453

2,690

4392,251

3,924

2,045776

1,103

40,526

2,380

36, 977

4,8222,157

27, 6602,338

76

76

1,093

7,124

3784,418

7591 397

172

8,370

110

5,6544,080

752822

1,037

98750

1,221

348

4,172

2,90591

680496

2,635

2,399236

Pur

chas

es o

f goo

dsan

d se

rvic

es

90,706

72,354

70, 4872,026-159

4,816

2,496

1 069534222270401

431

431

695

89224382

3,280

1,062

1,875

7

6521,216

71

71

272

1,567

2

1 390175

2,632

110

1,408111605692

620

334286

148

346

-77

-67254

153388

2,512

2,304208

Tra

nsfe

r pa

ymen

tsan

d ne

t in

tere

stpa

id

52,417

1,915

1,90662

12,274

2,05310, 186

35

2,245

2,243

302

} 194108

30, 108

322

29, 608

212,157

27, 008422

178

5,553

3764,418

759

13

3

3

9

9

1

3

3

4

4

Gra

nts-

in-a

id t

o S

tate

and

loca

l gov

ern-

men

ts

15,826

419

9629726

41

81

81

6

6

2,924

(1, 7621 549

613

7,133

996

5,489

4,794

695

5

643

8

71

4,694

4,0393 969

70

654

64410

1

170

21350

105

350

32228

Sub

sidi

es l

ess

curr

ent

surp

lus

of g

over

n-m

ent

ente

rpri

ses

4,645

-179

-179

-64

-64

8

8

3

3

5

t

f

-4

-4

1,031

204

14460

-246

-246

1,073

4,076

3,57524

477

-231

-231

State and local

3o

95,089

444

121264

59

10,238

4 533

4,228224

1,253

39,277

28, 3638,5752,339

25,610

7,5341,981

9,185

9 185

6,3343 4271 6241 283

576

36

17

19

16, 127

1 225

13.46413, 082

182200

667

} 667

96659023

353

-195

1,007

1,007

2,350

9991 351

Pur

chas

es o

f goo

dsan

d se

rvic

es

89,387

444

121264

59

7,063

4 533

1,277

1,253

38,843

28, 3638,5751,905

20,291

7,5041,918

3,959

3 959

6,3343 4271 6241 283

576

19

19

19,286

1 225

14, 28413, 669

263352

861

861

2,825541860

1,424

91

1,000

1,000

2,441

1,0901 351

Tra

nsfe

r pa

ymen

tsan

d ne

t in

tere

stpa

id

8,931

3,217

2,993224

434

434

5,256

30

5,226

5 226

17

17

7

7

Les

s: C

urre

nt s

urp

lus

of g

over

nmen

ten

terp

rise

s

3,229

42

42

-63

-63

3,159

82058781

152

194

194

1,859-49837

1,071

286

91

91

1968

Federal

1E"

181,509

80,776

78, 2272,472

77

4,548

16,348

1,067547

2,44211 678

614

2,553

4362,117

4,623

2,3611,0651,197

46,848

2,397

43, 148

5,9912,100

32, 5782,479

71

71

1,232

7,666

6314 555

7201,457

303

9,003

113

6,2404,542

806892

1,394

( 1,279I 115

892

364

6,745

5,293123689640

2,399

2,106293

Pur

chas

es o

f goo

dsan

d se

rvic

es

98,768

78,295

76, 098%1S4 488

2,281

1,064547188

—63545

430

430

694

74210410

3,225

1,164

1,738

8

772958

65

65

258

1,751

2

1,450299

2,922

113

1,526113650763

738

344394

166

379

2,466

1,72873

178487

2,216

1,963253

Tra

nsfe

r pa

ymen

tsan

d n

et i

nter

est

paid

59,945

2 194

2,1886

14,039

2,25411 741

41

2,113

2,113

535

}«143

35, 132

299

34, 661

302,100

31, 806725

172

5,904

6294,555

720

16

3

3

12

12

1

5

5

7

7

Gra

nts-

in-a

id t

o S

tate

and

loca

l go

vern

-m

ents

18,675

465

11931927

60

109

109

6

6

3,390

(1,895{ 851

644

8,483

934

6,741

5,953

788

6

6

802

16

7c

5,435

4,5074,429

78

925

9232

3

273

382760

148

438

39840

Sub

sidi

es l

ess

curr

ent

surp

lus

of g

over

n-m

ent

ente

rpri

ses

4,121

-178

-178

-81

—81

L

t

8

8

8

-5

rj

630

204

~~~15351

-281

-281

726

-19

4,001

3,52723

451

-262

-262

State and local

3§

107,466

548

203289

56

12,480

5,589

5,11039

1 742

43,663

31, 2919,5942,778

29,615

8,4792,522

11, Oil

11, Oil

6,9713,7961 8141,361

632

49

28

21

17,436

1 286

14, 44413, 973

205266

680

[ 680

1,216730

-36522

-190

1,103

1,103

2,572

1,1091,463

Pur

chas

es o

f goo

dsan

d se

rvic

es

100,793

548

203289

56

9,103

5,589

1,772

1,742

43,128

31, 2919,5942,243

23,506

8,4412,475

4,987

4,987

6,9713,7961,8141,361

632

21

21

20, 740

1,286

15,33014, 592

288450

904

904

3, 150619866

1,665

70

1,096

1,096

2,651

1,1881,463

Tra

nsfe

r pa

ymen

tsan

d ne

t in

tere

stpa

id

10,059

3,427

3,38839

535

535

6,062

38

6,024

6,024

28

28

7

7

Les

s: C

urre

nt s

urpl

usof

gov

ernm

ent

ente

rpri

ses

3,386

50

50

-47

-47

3,304

88661983

184

224

224

1,934-111

9021,143

260

79

79


30 SUEVEY OF CUREENT BUSINESS July 1971

Table 3.10.—-Government Expenditures by Type of Function—Continued[Millions of dollars]

§3

i2

345

6

7

89

101112

13

1415

16

171819

20

2122

23

24252627

28293031

32

33

3435363738

39

4041424344

45

4647

48495051

52

53

54

55565758

59

6061

Total -.

National defense - - -

Military services and foreign military assistance .Atomic energy developmentOther

Space research and technology ._ . - --

General government

General administration ,General property and records management _ .Central personnel management and employment costs. _ -Net interest paid .. ..-Other

International affairs and finance _ -- _ . - . . - . _ -

Conduct of foreign affairs and informational activities. .Foreign economic assistance and other transfers

Education

Elementary and secondary ..Higher ..Other -.

Health^ labor, and welfare

Health and hospitalsSanitation . .. .

Social security and special welfare services

Public assistance and relief . . . .Unemployment benefits . . . - . .Old age and retirement benefits . ..Other

Civilian safetyPoliceFireCorrection .. .. .

Labor . .

Veterans benefits and services

Education, training, and other benefitsDisability and pension allowances -Insurance ._ . .Hospitals and medical careAdministration and other services . _ _ . _ . . .

Commerce, transportation, and housing. .. - .

Regulation of commerce and finance.. . .Transportation _

HighwaysWaterAir

Housing and community development

Urban renewal and community facilities

Public utilitiesTransitElectricity . ...Water and gas

Postal services

Other

Agriculture and agricultural resources

Stabilization of farm prices and incomeFinancing farm ownership and utilitiesConservation of agricultural resources .Other services .

Natural resources

Conservation and development of resources. .. .Recreation

1969

Federal

30h

189,537

81,219

78, 7352,451

33

3,889

18,380

1,315576

2,86112, 944

684

2,628

5802,048

4,545

2,2401,1441,161

51,748

2,989

47,494

7,1272,186

35, 3832,798

89

89

1,176

8,532

8555,050

7441,539

344

9,376

1196,0514,235

7861,030

1,516

1,44868

1,187

503

6,815

5,458103560694

2,405

2,047358

Pur

chas

es o

f goo

ds a

ndse

rvic

es

99,152

78,406

76,2512,148

7

3,831

2,677

1,311576323

-155622

575

575

737

34235468

3,544

1,376

1,843

8

8231.012

81

81

244

1,873

2

1,523348

3,192

1191,660

122649889

715

301414

171

527

2,096

1,34262

174518

2,221

1,916305

Tra

nsfe

r pa

ymen

ts a

nd n

etin

tere

st p

aid

65,548

2,532

2,5293

15,678

4

2,53813, 099

37

2,050

2,050

488

[ 377

111

38, 116

319

37,643

412,186

34, 560856

154

6,647

8535 050

744

25

3

3

21

165

1

5

5

7

7

Gra

nts-

in-a

id t

o S

tate

and

loca

l gov

ernm

ents

20,280

476

15030026

58

125

125

5

5

3,316

(1,829I 905

582

10,080

1,294

8,000

7,078

922

8

8

778

18

162

5,352

4,2154,113

102

1,132

1,1311

5

372

1062768

171

478

42553

Subs

idie

s le

ss c

urre

nt s

urpl

usof

gov

ernm

ent

ente

rpri

ses

4,557

-195

-195

-100

-100

-2

-2

4

4

8

8

8

-6

-6

807

173

13439

-352

—352

1 016

-30

4,342

4,01014

318

-301

-301

State and local

3g

118,893

536

20230034

13,981

5 973

5,88649

2,073

48,576

34, 55910, 5463,471

33,685

9,2262,363

13, 396

13, 396

7,9904,4941,9791,517

710

73

51

22

17,924

1 35314, 69114, 173

186332

853

} 853

1,15573356

366

-128

1,198

1,198

2,920

1,2621 658

Pur

chas

es o

f goo

ds a

ndse

rvic

es

110,556

536

20230034

10, 150

5 973

2,104

2,073

47,791

34, 55910, 5462,686

26,593

9,1812,388

6,324

6.324

7,9904,4941,9791,517

710

22

22

21,283

1 35315, 66014, 846

273541

1,099

1,099

3,057643914

1,500

114

1,191

1,191

2,990

1,3321 658

Tra

nsfe

r pa

ymen

ts a

nd n

etin

tere

st p

aid

11,843

3,883

3,83449

785

785

7,117

45

7,072

7,072

51

51

7

7

Les

s: C

urre

nt s

urpl

us o

fgo

vern

men

t en

terp

rise

s

3,506

52

52

25

25

3,359

96967387

209

246

246

1 902—90858

1,134

242

70

70

1970

Federal

3oH

205, 121

78,586

76, 2392,322

25

3,631

21,239

1,555633

3,43914, 696

916

2,806

6072,199

5,363

2,6551,3861,322

62,988

3,279

58, 116

8,9033 930

41, 2354,048

121

121

1,472

9,808

1,4565 380

7951 754

423

12,708

1426,8994,838

8601,201

2,669

/ 2,3411 328

2,212

786

5,053

3,67575

515788

2,939

2,521418

Pur

chas

es o

f goo

ds a

ndse

rvic

es

97,226

75,350

73, 2942,057

-1

3,573

3,449

1,550633434118714

602

602

916

38332546

4,001

1,482

2,071

9

9i21,150

112

112

336

2,161

3

1 735'423

4,168

1421,979

193692

1,094

970

396574

287

790

279

-51732

190574

2,727

2,355372

Tra

nsfe

r pa

ymen

ts a

nd n

etin

tere

st p

aid

77,956

3,004

3,0013

17,626

5

3,00514, 578

38

2,201

2,201

630

| 491

139

46,776

444

46, 175

413,930

40, 3231,881

157

7,628

1,4535 380

795

78

3

3

74

2054

1

5

5

8

8

Gra

nts-

in-a

id t

o St

ate

and

loca

l gov

ernm

ents

24,417

433

14526226

58

255

255

5

5

3,813

(2, 126U, 050

637

12,204

1,353

9,863

8,853

1,010

9

9

979

24

195

6,653

4,7214 645

76

1,925

1,925

7

443

1322874

209

529

48346

Subs

idie

s le

ss c

urre

nt s

urpl

usof

gov

ernm

ent

ente

rpri

ses

5,522

-201

-201

-91

-91

-2

-2

4

-

7

7

7

-5

-5

1,809

196

16531

-300

—300

1 925

-12

4,326

4,06015

251

-325

-325

State and local

1132,934

510

21426234

15,212

6,255

6,572149

2,236

54,259

38, 63111,3254,303

39,347

9,6012,696

16, 596

16,596

9,5835 4642 2441,875

871

78

51

27

19,107

1,40516,06215, 491

164407

981

} 981

811760

-3687

-152

1,272

1,272

3,149

1,3211,828

Pur

chas

es o

f goo

ds a

ndse

rvic

es

122, 168

510

21426234

10,761

6,255

2,270

"2,'236

53,215

38.63111, 3253,259

30,394

9,5462,723

7,671

7,671

9,5835,4642,2441,875

871

27

27

22,782

1,40517, 11916, 225

259635

1,249

1,249

2,886662900

1,324

123

1,265

1,265

3,214

1,3861,828

Tra

nsfe

r pa

ymen

ts a

nd n

etin

tere

st p

aid

14,590

4,508

4,359149

1,044

1,044

8,980

55

8,925

8,925

51

51

7

7

Les

s: C

urre

nt s

urpl

us of

gove

rnm

ent

ente

rpri

ses

3,824

57

57

27

27

3,675

1,05773495

228

268

268

2,075-98936

1,237

275

65

65



Table 3.11.—Government Purchases of Goods and Services by Object Clasification[Million of dollars]

Federal Government purchases of goods and services

National defense

C ompensation of employees _ .Military .Civilian

Structures _ _ _ _ _Other

All other functions _

Compensation of employees _. _StructuresOther

1967

90,706

72, 354

27, 43317 5069,9271,004

43 917

18, 352

8,4322 1877,733

1968

98,768

78 295

30, 19919 43810 7611,201

46 895

20, 473

9,2971 9039,273

1969

99,152

78, 406

32,18520, 72111,4641,449

44 772

20,746

9,9801 6629 104

1970

97,226

75 350

33, 29521 17712, 1181,360

40 695

21 876

11, 5361 8228 518

State and local government purchases of goods and services-

Education

Compensation of employeesStructuresOther

All other functions

Compensation of employeesStructuresOther

1967

89,387

38 843

26, 6145 8676 362

50 544

22 60816, 41311,523

1968

100,793

43 128

30, 5206 0736 535

57 665

24 91418, 53114, 220

1969

110,556

47 791

34, 0285 8337 930

62 765

27 61819, 16815, 979

1970

122,168

53 215

38, 4075 5849 224

68 953

31 11619, 62618, 211

Table 3.12.—Relation of Federal Government Receipts and Expenditures in the National Income and Product Accounts to the UnifiedBudget


Receipts

Unified budget receipts

Less: Coverage differences

Financial transactions

Plus: Netting differences:Contributions to government employee retirement fundsOther _ . _ ; _ . _

Timing differences:Corporate income taxFederal and State unemployment insurance taxesWithheld personal income tax and social security contribu-

tionsExcise taxesOther

Miscellaneous

Equals : Federal receipts— National income and product accounts

Expenditures

Unified budget outlays .

Less: Coverage differences

Financial transactions:Net lendingNet purchases of foreign currencyOther.. _

Net purchases of land

Plus: Netting differences:Contributions to government employee retirement fundsOther

Timing differences:Increase in payables (net of advances) on purchases of goods

and servicesOn interestOn transfer paymentsOn subsidies less current surplus of government enterprises ..

Miscellaneous

Equals: Federal expenditures— National income and product accounts. .

Fi

1968

153 7

2

I

1.91 i

3 io9ooI

160.6

178 8

g

7.37

— i

— 6

1.91 1

—2 52

.1

.3

9

172.5

seal yea

1969

187 8

2

o

2.11 3

—2 01

1 1_ i

1

2

190.3

184.5

7

2.130

— 1

2.11 3

— 5.3.0.4

7

185.9

rs

1970

193 7

3

o

2.71 4

—3 20

2ooI

194.6

196 6

7

4.13

_ i

0

2.71 4

73

.0-.2

7

197.2

19

III

35 3oo

53

1 5— 2

2Ioo

37.0

44 1

2

8Io1

.53

— 1 6— 5

.0

.2

2

42.0

57

IV

31 9oQ

.53

2 4_ i

3o1

o34.7

42 4

2

1 02o1

.53

5.1.0.1

3

42.7

I

36 1

Q

Q

.53

2 43

1 1oo0

40.7

44 9

2

2 53o

— 5

.53

— 6— 5

.0

.0

1

42.2

C

19

II

50 31

Q

43

—3 3— 1

3IQ

I

48.1

47 4

2

3 02o

— 2

.53

— 81 0.0.0

2

45.6

3alend£

68

III

A9 c

0

Q

53

5_ 2

12oo

44.5

46 8

2

gIo

— 2

.53

1— 5

.0

.1

o46.5

ir quar

IV

on o

Q

Q

53

2 2o4ooo

41 7

46 4

2

31o1

.53

4.2. 1.0

2

47.3

ters no

I

44 21

Q

54

1 i3

1 21oI

47.8

46 1

2

5ooo

.54

— 6—.5

.0

.1

1

45.3

tseaso

19

II

fift 7

j

Q

53

—5 7_ i

411

I

56.3

45 2

2

.420

o

.53

—.31.1.0.2

.4

46.8

nally a

69

III

48 0I

Q

.62

Q

— 2

— 410

o48.7

50.4

2

1.410

0

.62

1-.7

.0

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49.3

djuste<

IV

42 9

oo

.52

1 30

— 6— 2

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48.5

2

1.01

.0

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.0-.2

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48.2

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44 4

I

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1 i.1.0

o47.4

47.8

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.1-.7

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47.7

19

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58 6

1

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—5 6— 2

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1

54.4

49.8

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1.3.10

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52.0

70

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46 5

1.

0

.6

.2

1.2

-.6—.1

.0

.0

47.7

54.3

.2

.5

.0

.0

.0

.6

.2

-.4-.9

.0-.1

.2

53.2

IV

41 1

.1

0

.6

.3

1.2-.1

-.9__ i

.0

.0

42.0

49.9

.2

.1

.1

.0

-.1

.6

.3

.51.0.0

-.2

.2

52.2

NOTE.—Fiscal year 1968 is the first year for which the detailed data needed for a reconcilia- and national income and product account data for earlier years see the July 1968 SURVEYtion with the new unified budget is available. For reconciliation between the cash budget OF CURRENT BUSINESS.



4.—Foreign TransactionsTable 4.1.—Foreign Transactions in the National Income and Product Accounts

Receipts from foreigners .

Exports of goods and services . -Capital grants received by the United States

Payments to foreigners


Transfers to foreignersPersonalGovernment


1967 1968 1969 1970

Millions of dollars

46,203

46, 203

46,203

40, 990

2,969726

2,243

2,243

50,623

50, 623

50,623

48, 134

2,875762

2,113

-386

55,600

55, 600

55,600

53, 589

2,910860

2,050

-899

63,770

62, 903867

63,770

59, 311

3,148948

2,201

1,311

1967

* II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


45.8

45.8

45.8

40.4

2.76

2.2

2.7

46.0

46.0

46.0

40.1

3.31 12.2

2.6

46.3

46.3

46.3

40.7

3.3.7

2.6

2.3

46.8

46.8

46.8

42.8

2.6.6

2.0

1.4

47.8

47.8

47.8

45.9

2.6.7

1.8

17

50.7

50.7

50.7

47.3

2.8.7

2.1

.6

53.1

53.1

53.1

49.7

3.0.8

2.2

.4

50.8

50.8

50.8

49.5

3.1.8

2.4

-1.8

48.0

48.0

48.0

46.6

2.5.7

1.8

-1.2

56.9

56.9

56.9

55.7

3.4.9

2.5

-2.2

58.3

58.3

58.3

55.5

2.8.9

1.9

.1

59.2

59.2

59.2

56.6

3.01.02.0

-.3

62.4

61.5.9

62.4

58.0

3.01 02.1

1.4

64.1

63.2.9

64.1

59.0

3.01 02.0

2.0

64.6

63.7.9

64.6

59.7

3.29

2.3

1.6

64.0

63.2.9

64.0

60.5

3.3.9

2.4

.2

Table 4.2.—Foreign Transactions in the National Income and Product Accounts: Not Seasonally Adjusted


Receipts from foreigners .

Exports of goods and services. _Capital grants received by the United States .

Payments to foreigners

Imports of goods and services. ..

Transfers to foreignersPersonalGovernment


I

11.3

11.3

11 3

9.7

716

.8

19

II

11.8

11.8

11 8

10.2

9.36

.7

57

III

11.0

11.0

11.0

10.5

.8

.26

—.3

IV

12.2

12.2

12.2

10.6

.6

.25

1.0

I

11.8

11.8

11 8

11.0

725

1

19

II

13.0

13.0

13 0

12.0

g.26

3

68

III

12.6

12.6

12 6

12.9

725

— 1 0

IV

13.2

13.2

13 2

12.3

726

.2

I

11.8

11.8

11 8

11.0

6.25

.1

19

II

14.7

14.7

14 7

14.2

927

— 4

69

III

13.9

13.9

13 9

14.4

.724

— 1.2

IV

15.3

15.3

15.3

14.0

.7

.25

.6

I

15.9

15.0.9

15.9

13.8

.8

.2

.5

1.3

19

II

16.3

16.3.0

16.3

15.0

.8

.3

.6

.5

70

III

15.2

15.2.0

15.2

15.5

.8

.2

.5

-1.1

IV

16.'

16. C.(

16,;

15. C

.£

.2

.6

.6


July 1971

5.—Saving and InvestmentSURVEY OF CURRENT BUSINESS

Table 5.1.—Sources and Uses of Gross Saving

33

G TOSS private saving

Personal savingUndistributed corporate profits .Corporate inventory valuation adjust-

ment -- --Corporate capital consumption allow-

ancesNoncorporate capital consumption al-

lowances _-Wage accruals less disbursements

Government surplus or deficit (-), na-tional income and product accounts. _

Federal -State and local

Capital grants received by the UnitedStates

Gross investment

Gross private domestic investmentNet foreign investment

Statistical discrepancy ._ ..

1967 1968 1969 1970

Millions of dollars

133,385

40, 36625, 253

-1, 129

42, 960

25,9350

-13,930

-12,377-1,553

118,798

116, 5552,243

-656

135, 153

39, 75824, 226

-3,335

46, 847

27, 6570

-6,830

-6,484-346

125,588

125, 974-386

-2,735

133,538

37, 89920, 046

-5, 542

51, 277

29, 8580

7,447

7,319128

136,882

137, 781-899

-4, 103

153,352

54,05616, 238

-4, 526

56, 193

31,3910

-13,134

-13, 640506

867

136,611

135,3001,311

-4,475

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV


130.7

39.324.6

-.1

41.6

25.3.0

-13.6

-11.6-2.0

116.7

114.02.7

-.4

129.3

37.624.3

-.8

42.4

25.7.0

-15.3

-12.5-2.7

113.3

110.72.6

-.8

134.7

41.324.3

-.4

43.4

26.1.0

-13.9

-13.1-.8

120.9

118.62.3

.0

138.8

43.327.8

-3.3

44.4

26.5.0

-13-0

-12.3-.7

124.4

123.01.4

-1.4

132.6

41.224.6

-5.5

45.4

27.0.0

-10.2

-9.8-.4

119.3

120.0-.7

-3.1

140.5

44.624.8

-2.7

46.4

27.3.0

-11.1

-11.2.1

127.6

127.0.6

-1.8

133.4

35.923.3

-.9

47.3

27.9.0

-4.1

-3.9-.2

126.6

126.2.4

-2.8

134.1

37.324.3

-4.2

48.3

28.4.0

-2.0

-1.1-.9

128.9

130.7-1.8

-3.3

128.0

32.822.9

-6.0

49.4

29.0.0

8.2

9.1-.9

133.1

134.3-1.2

-3.1

129.0

33.421.6

-6.3

50.6

29.6.0

10.7

11.7-1.0

134.8

137.0-2.2

-4.9

139.5

42.318.3

-3.2

51.9

30.2.0

5.6

5.1.6

141.9

141.8.1

-3.3

137.6

43.117.4

-6.7

53.2

30.7.0

5.3

3.41.8

137.7

138.0-.3

-5.2

142.4

46.216.6

-5.8

54.4

31.0.0

-3.4

-4.51 1

.9

132.6

131.21.4

-7.3

153.3

54.216.4

-4.2

55.7

31.3.0

-12.2

-14.11 9

.9

136.2

134.12.0

-5.8

157.8

57.417.7

-5.5

56.7

31.5.0

-15.2

-15.42

.9

140.2

138.61.6

-3.2

160.0

58.514.3

-2.6

58.0

31.8.0

-21.7

-20.5—1 3

.9

137.5

137.3.2

-1.6

Table 5.2.—Purchases of Structures by Type[Millions of dollars]

Total structures - .

Private structures

Residential structures

New construction - - -

Nonfarm buildingsNew dwelling unitsAdditions and alterationsNonhousekeeping units

Farm buildings

Brokers' commissions on sale of structuresNet purchases of used structures. -

Nonresidential structures

New construction

Nonresidential buildings, excluding farm

IndustrialCommercial _

Religious -EducationalHospital and institutionalOther buildings - -

Public utilities - - - - -Railroads -Telephone and telegraphElectric light and powerGas -.Other - ---

Farm -- -Petroleum and natural gas well drilling and ex-

plorationAll other private construction - .

Brokers' commissions on sale of structures _ -Net purchases of used structures --

Public structures

New construction --

Buildings, excluding militaryResidential - - -Industrial - - --EducationalHospital -Other public buildings - - -

Highways and streetsMilitary facilitiesConservation and development -- -

Other public constructionSewer systemsWater supply facilities .Miscellaneous public construction - -

Net purchases of used structures

1967

79,327

53, 089

25, 063

24,298

23, 73617, 885

1,266562

1 291-526

28,026

28, 017

18, 106

6,1316,9821,0931,0321,3721,496

6,967

1,638

762

1,728454

148-139

26, 238

25, 573

9,974706406

5,987634

2,241

8,538721

2,196

4,1441,0581,2701,816

665

1968

88, 918

60,395

30, 074

29, 365

28 82322, 423

1,383542

1,403-694

30, 321

30, 296

18,800

5,5948,3331,038

9841,5661,285

8,313

1,704

743

1,867573

160-135

28, 523

27, 694

10, 445746517

6,061694

2,427

9,295824

2,046

5,0841,5511,5142,019

829

1969

95, 225

66, 293

31,785

31, 170

30, 60323, 689

1,461567

1 332-717

34, 508

34, 481

22, 033

6,37310, 136

949906

2,2521,417

8,904

2,172

793

2,010741

182-155

28, 932

28, 060

11,2261,047

5125,868

8042,995

9,276945

1,796

4,8171,3441,3362,137

872

1970

96, 352

67, 138

30 362

29, 881

29 27321 914

1 419608

1 318-837

36, 776

36 771

22, 292

5,93010, 521

921745

2,5911,584

10, 588

2,952

827

2,118946

195-190

29, 214

28, 187

10, 6571,105

4965,617

8392,600

9,989791

1,919

4,8311,5441,0942,193

1,027

Table 5.3.—Purchases of Structures by Type in Constant Dollars

[Pillions of 1958 dollars]

Total structures

Private structures


New construction

Nonfarm buildingsFarm buildings

Brokers' commissions on sale of structuresNet purchases of used structures.


New construction - - -

Nonresidential buildings, excluding farmIndustrialCommercialReligiousEducational - - -Hospital and institutional . . . _Other buildings

Public utilities - - -Railroads -Telephone and telegraphElectric light and powerGasOther

FarmPetroleum and natural gas well drilling and ex-

ploration -All other private construction - -

Brokers' commissions on sale of structures - -Net purchases of used structures - -

Public structures -

New construction

B uilding excluding military -Residential --IndustrialEducational -- --HospitalOther public buildings -

Highways and streetsMilitary facilitiesConservation and development

Other public construction

"Water supply facilitiesMiscellaneous public construction

Net purchases of used structures

1967

63 6

43.0

20.4

19 7

19 35

1 0— 4

22 6

22 6

14 15 15 3

88

1 01.1

5.8

1.3

.7

1.7.3

.1-.1

20.6

20.1

7.5.5.3

4.5.5

1.7

7.4.6

1.6

3.1.8.9

1.4

.5

1968

67 8

46.6

23 2

22 6

22 24

1 i— 5

23 4

23 3

13 84 46 0

77

1 l.9

6.8

1.4

.6

1.7.4

.1-.1

21.3

20.6

7.4.5.4

4.3.5

1.7

7.6.6

1.4

3.61.11.11.4

.6

1969

67 6

47 5

23 1

22 6

22 24

1 0— 5

24 5

24 4

14 84 66 7

66

1 5.9

6.8

1.6

.6

1.7.5

.1-.1

20.0

19.4

7.4.7.4

3.8.5

1.9

7.1.7

1.1

3.2.9.9

1.4

.6

1970

64 1

45 5

21 3

21 0

20 54

9— 6

24 2

24 2

13 93 96 4.6.5

1.61.0

7.5

2.0

.6

1.6.5

.1-.1

18.6

17.9

6.5.7.3

3.4.5

1.6

6.8.5

1.1

2.9.9.7

1.3

.7


34 SUKVEY OF CURRENT BUSINESS July 1971

Table 5.4.—Private Purchases of Producers' Durable Equipmentby Type


Table 5.5.—Private Purchases of Producers' Durable Equipmentby Type in Constant Dollars


Total private purchases

Purchases of new equipmentDealers' margins on used equipment (except passenger

cars)Net purchases of used equipment from government

Less: Exports of used equipmentSale of equipment scrap (except passenger cars)

Total excluding scrap deduction . -

Furniture and fixturesFabricated metal productsEngines and turbines -- . .Tractors

Agricultural machinery (except tractors) .Construction machineryMining and oilfield machineryMetalworking machinery

Special-industry machinery, n.e.c .. .. .. _..General industrial, including materials handling, equip-

mentOffice, computing, and accounting machinery . . .Service- industry machines

Electrical machinery. .. . -Electrical transmission, distribution, and industrial

apparatusCommunication equipment ..Other electrical equipment

Trucks buses and truck trailersPassenger carsAircraftShips and boats

Railroad equipment- . --InstrumentsMiscellaneous equipment

1967

55,273

54 708

556247

14098

55,371

2,6021,736

9881,870

2,3741,748

7283,718

3,101

3,1605,0512,653

6,297

2,3023,341

654

5,8354,3962,645

583

1,6492,6591,578

1968

58, 514

57, 840

666250

14399

58,613

2,5741,6801,1151,980

2,0751,913

7393,336

3,091

3,0734,8532,780

6,429

2,2653,537

627

7,7505.3593,593

646

1,2482,6191,760

1969

64,090

63,377

773264

202122

64,212

3,0461,8011,2801,902

2,0792,073

8063,488

3,267

3,5195,7783,201

7,018

2,3583,993

667

9,1285,6012,914

705

1,6502,8732,083

1970

65,352

64,624

779275

181145

65,497

3,0601,9521,3141,666

2,3852,279

9433,565

3,112

3,9756,0783,169

8,079

2,5944, 785

700

9,0244,9352,593

713

1,5012,9162,238


Purchases of new equipment-Dealers' margins on used equipment (except passenger

cars) .. .Net purchases of used equipment from governmentLess: Exports of used equipment _.

Sale of equipment scrap (except passenger cars)

Total excluding scrap deduction

Furniture and fixturesFabricated metal products-Engines and turbines . .Tractors

Agricultural machinery (except tractors)Construction machineryMining and oilfield machineryMetalworking machinery .

Special-industry machinery, n.e.cGeneral industrial, including materials handling, equip-

mentOffice, computing, and accounting machinery. .. ..Service-industry machines

Electrical machineryElectrical transmission, distribution, and industrial

apparatus .Communication equipmentOther electrical equipment

Trucks, buses, and truck trailersPassenger carsAircraftShips and boats

Railroad equipment- . ... .InstrumentsMiscellaneous equipment .

1967

50 6

50 0

.5

.2

.1

.1

50 7

2 41 61.01 5

1.91 5

63.0

2 5

2 74.82.5

6.0

2.23 1.6

5.74.52 4.5

1.52.31.6

1968

52.2

51 6

.6

.2

. 1

.1

52 3

2 31 51 01 5

1 61 5

62 6

2 5

2 64.62.6

5.9

2.13 2.6

7.45.33 2.6

1.12 31.7

1969

55 7

55 0

7.22

.1

55 8

2 61 61 i1 4

1 61 6

62 6

2 5

2 85.42 9

6 2

2.23 4.7

8.45.42 5.6

1.42.52.0

1970

54 4

53 7

721

.1

54 5

2 41 61 i1 2

1 71 6

72 5

2 3

3 05.62 8

6 9

2.43 8.7

7.94.62 1.6

1.22 52.1

Table 5.6.—Change in Business Inventories


Change in business inventories, total

FarmNonfarm

Change in nonfarm inventories

Corporate - -Noncorporate -

Change in book value - .Corporate . .Noncorporate -- -

Inventory valuation adjustment _ -Corporate .Noncorporate

Change in nonfarm inventories by industrial group

Manufacturing - -Change in book valueInventory valuation adjustment

Wholesale trade -Change in book valueInventory valuation adjustment .

Retail tradeChange in book valueInventory valuation adjustment -

All otherChange in book valueInventory valuation adjustment

1967

8,193

7377,456

7,456

7,252204

8,8738,381

492

-1.417-1*129

-288

7, 456

4,1684,662—494

1,1721,369-197

377951

-574

1,7391,891-152

1968

7,065

1176,948

6,948

6,423525

11, 0179,7581,259

-4,069-3, 335

-734

6,948

4,2796,086

-1,807

6411,348-707

1,4262,619

-1,193

602964

-362

1969

7,398

1317,267

7,267

6,486781

13,64312, 0281,615

-6, 376-5, 542

-834

7,267

3,0796,464

-3, 385

1,2292,253

-1, 024

1,5192,934

-1,415

1,.4401,992-552

1970

2,810

3292,481

2,481

2,610-129

7,6577,136

521

-5, 176-4, 526

-650

2,481

1,1393,707

-2,568

2,0982,662-564

-1, 2498

-1, 257

4931,280-787



6.—Income and Employment by IndustryTable 6.1.—Compensationof Employees by Industry


Table 6.2.—Wages andSalaries by Industry


Table 6.3.—AverageNumber of Full-Time andPart-Time Employees by

Industry

[Data in thousands]



FarmsAgricultural services, forestry, and fisheries

Mining

Metal miningCoal miningCrude petroleum and natural gas ...Mining and quarrying of nonmetallic minerals

Contract construction ..

Manufacturing

Nondurable goodsFood and kindred productsTobacco manufacturers .Textile mill productsApparel and other fabricated textile productsPaper and allied products .Printing, publishing, and allied industriesChemicals and allied productsPetroleum refining and related industries.Rubber and miscellaneous plastic products .Leather and leather products

Durable goodsLumber and wood products, except furniture. .Furniture and fixturesStone, clay, and glass productsPrimary metal industries _Fabricated metal productsMachinery, except electricalElectrical machinery .Transportation equipment and ordnance, except motor vehiclesMotor vehicles and motor vehicle equipmentInstrumentsMiscellaneous manufacturing industries

TransportationRailroad transportation .Local, suburban, and highway passengerMotor freight transportation and warehousingWater transportationAir transportationPipeline transportation. ...Transportati on services . .

Communication . .Telephone and telegraphRadio broadcasting and television


Wholesale and retail tradeWholesale tradeRetail trade . .

Finance, insurance, and real estate .BankingCredit agencies, holding and other investment companies..Security and commodity brokersInsurance carriersInsurance agents, brokers, and service . .Real estate ...

Services ...H otels and other lodging placesPersonal services .Miscellaneous business services .Automobile repair, automobile services, and garages-Miscellaneous repair services. . _ .M otion pictures .

Amusement and recreation services, except motion picturesMedical and other health servicesLegal services ...Educational servicesNonprofit membership organizationsMiscellaneous professional servicesPrivate households

Government and government enterprisesFederal

General government ... ..Civilian .Military

Government enterprises . . . .State and local .

General governmentPublic educationNonschool ...

Government enterprises

Rest of the worldAddendum. All private industries .

1967

467,240

3,706

2,883823

5,188

6871,2452,327

929

26,600

152,265

55,79312,674

5525,2096,5275,3648,0549,3722,3363,9101,795

96,4723,3492,7014,821

12, 25410, 80417, 34715,38413, 8939,4293,7832,707

21,8096,3861,7057,7452,0712,983

174745

7,7036,6411,062

5,918

73,98628, 13845,848

22,3645,9452,5422,0016,8421,7213,313

53,8712,6344,5088,4041,8081,0981,178

2,05710, 6791,1425,0226,1424,7224,477

93,79041, 75135, 865

5,88652, 03949, 222

2,817

40373,410

1968

514,596

3,954

3,051903

5,473

7891,2442,475

965

29,613

166,370

60,84413, 455

5965,8277,2075,8098,646

10, 2902, 5634,4851,966

105,5263,7413,0035,203

13, 35811, 85018, 39916, 52515, 02411, 3834,1122,928

23,6726,5711,7988,6052,2173,519

180782

8,2867,1151,171

6,398

81,16130, 56650, 595

25,2446,6912,7482, 7217,4781,8893,717

59,6762,8694,7669,3441,9911,1781,263

2,22712, 5101,2875,6146,7175,2814,629

104,70446, 05839, 496

6,56258, 64655, 434

3,212

45409,847

1969

565,548

4,234

3,2161,018

6,054

9251,4002,7041, 025

33,620

180,112

65,77114, 329

6366,2207,6206,3569,501

11,3102,7575,0671,975

114,3414,0293,2825,765

14, 44212, 89820, 49418,03015, 52912,1634,5633,146

25,7216,8541,8599,5122,2704,147

193886

9,5778,2851,292

7,020

89,39333, 75555,638

28,2207,6573,0752,9638,2152,0884,222

67,2303,2104,978

10, 7792,2551,3021, 387

2,43214, 7771,5026,2417,4896,1974,681

114,31649, 28042, 165

7,11565, 03661, 646

3,390

51451, 181

1970

601,858

4,563

3,4251,138

6,543

1,0331,6522,7801,078

35,647

181,654

68,62615,296

7176,2957,5836,624

10, 09711,9852,9475,1411,941

113,0284,0723,2665,999

14, 41513, 02720, 87918, 21214, 01511, 2444,6733,226

27,0487,0691,9559,9132, 3394,591

200981

10,8929,5121,380

7,788

96,30636, 52359,783

30, 6428,6983,3392,5589,0152,3374,695

74, 1983,4675,045

11, 6922,4851,4071,383

2,65917, 7221,7756,8878,1346,8274,715

126,52053, 11444, 831

8,28373, 40669, 523

3,883

57475,281

1967

423,075

3,491

2,724767

4,647

6161,0112,173

847

24,238

134,165

49,55011, 313

4544,7545,9244,8807,3788,1521,6413,4221,632

84,6153,0872,4714,291

10, 4409,691

15,48813, 91512, 3597,0513,3702,452

19,5745,5921,5437,1021,8792,645

158655

6,7385,763

975

5,145

68,79926, 25742, 542

19,7765,1012,2571,8526,0231,5692,974

50,7492,4444,2207,8321,6981,0111,100

1,92710, 1901,0914,6485,7764,4234,389

85,71338, 29832,85916, 64916, 2105,439

47, 41544,84624, 24820, 5982,569

40337,322

1968

464,862

3,725

2,884841

4,874

6811,0112,301

881

26,985

145,874

53,87111, 977

4845,3196,5485,2717,9148,8751,7803,9171,786

92,0033,4302,7544,630

11,20610,59016,37514, 91713,2918,5203,6482,642

21, 1605,7261,6297,8571,9793,099

166704

7,2606,1861,074

5,550

75,26228, 44546, 817

22,3195,7142,4572,5156,6111,6983,324

56, 1592,6744,4578,6861,8711,0821,172

2,08211, 9201,2285,1856,3194,9454,538

95,64942, 30236, 23018,29617, 9346,072

53, 34750, 42227, 43222, 9902,925

45369, 16S

1969

509,575

3,948

3,009939

5,387

7841,1592,507

937

30,533

157,562

58,02212, 706

5005,6466,9055,7718,6599,7321,9364,3811,786

99,5403,6882,9845,099

12,23111, 53018, 13016, 20713, 8258,9674,0392,840

22,9775,9351,6818,6882,0483,656

175794

8,3037,1191,184

6,066

82,61731, 30551, 312

24,9296,5522,7302,7637,2431,8743,767

63, 1292,9854,649

10, 0292,1091,1941,278

2,26814,0491,4305,7397,0365,7804,583

104,07345, 13738, 55619, 50819, 0486,581

58, 93655, 86130, 49425, 3673,075

51405,451

1970

541,400

4,257

3,2061,051

5,826

8681,3952,576

987

32,348

158,314

60,31613, 516

5605,7076,8765,9999,181

10,2632,0404,4231,751

97,9983,7222,9645,289

12, 11411, 60918, 39316,31912,4258,1294,1282,906

24, 1246,1191,7669,0352,1074,039

182876

9,3428,0761,266

6,699

88,95133,85655, 095

26,9937,4262,9592,3817,9402,0994,188

69,7013,2264,712

10, 8762,3261,2881,274

2,48216, 8671,6916,3247,6566,3624,617

114,78848, 33240,70921. 33119,3787,623

66, 45662, 93734,39528,5423,519

57426,555

1967

73,478

1,453

1,265188

615

80138278119

3,268

19,501

8,0181,791

86965

1,389680

1,0551,002

183515352

11,483598453633

1,3261, 3571,9781,9681,458

832447433

2,656696279

1,02124229918

101

968849119

646

13,7113,521

10,190

3,218871370156940246635

12, 195691

1,0331,335

350172193

4252,428

2011,0541,376

5472,390

15,2436,3555,5062,0853,421

8498,8888,4284,5373,891

460

458,231

1968

75,557

1,435

1,244191

612

83133279117

3,393

19,854

8,1801,791

841,0001,406

6911,0751,032

188556357

11,674604471639

1,3241,3891,9721,9871,500

888463437

2,694667280

1,055241331

18102

979856123

658

14, 1913,607

10, 584

3,374921379193977250654

12,567717

1,0311,418

358174194

4372,603

2081,0991,425

5862,317

15,7966,4675,6092,0923,517

8589,3298,8444,7984,046

485

459,757

1969 , 1970

77,722

1,407

1,208199

625

91136282116

3,544

20,264

8,3081,795

811,0091,415

7121,1041,064

190596342

11,956612484662

1,3591,4442,0422,0361,470

920482445

2,726643280

1,093227356

18109

1,051922129

673

14,7843,733

11, 051

3,549992395226

1,000257679

12,992755

1,0221,558

374180203

4522,786

2191, 1291,470

6402,204

16, 1036,4055,5292,0663,463

8769,6989,1985,0384,160

500

461,615

77,384

1,412

1,207205

629

95146272116

3,481

19,425

8,1731,785

84983

1,367702

1.1111,055

190579317

11,252581461645

1,3151,3851,9841,9221,247

816466430

2,689626280

1,08021835418

113

1,124993131

691

15,1193,811

11, 308

3,6721,056

401205

1,036269705

13,249771991

1,606388184201

4682,966

2321,1511,508

6682,115

15,8895,9915,1092,0133,096

8829,8989,3745,0434,331

524

461,491



Table 6.4.—Number ofFull-Time Equivalent

Employees by Industry

[Data in thousands]

Table 6.5.—AverageAnnual Earnings perFull-Time Employee

by Industry

[Dollars]

Table 6.6.—Number ofPersons Engaged in

Production by Industry

[Data in thousands]

All industries, total.

Agriculture, forestry, and fisheriesFarmsAgricultural services, forestry, and fisheries

MiningMetal mining . _ _ . .Coal miningCrude petroleum and natural gasMining and quarrying of nonmetallic minerals

Contract construction

Manufacturing . _ _Nondurable goods

Food and kindred productsTobacco manufactures . _ .Textile mill productsApparel and other fabricated textile productsPaper and allied products .._ . __Printing, publishing, and allied industriesChemicals and allied products .Petroleum refining and related industries _Rubber and miscellaneous plastic products .Leather and leather products

Durable goods _. . ._Lumber and wood products, except furnitureFurniture and fixturesStone, clay, and glass products . _ . . . _ .Primary metal industries ..Fabricated metal productsMachinery, except electricalElectrical machinery _ _ .Transportation equipment and ordnance, except motor vehiclesMotor vehicles and motor vehicle equipmentInstruments . _ . „ . _Miscellaneous manufacturing industries

Transportation.Railroad transportationLocal, surburban, and highway passengerMotor freight transportation and warehousing. . . - . - . .Water transportation ..Air transportationPipeline transportationTransportation services

Communication _ . ._Telephone and telegraph . ._ _. _ .Radio broadcasting and television

Electric, gas, and sanitary services .. . _ . _ . _

Wholesale and retail trade _ _.. ... ... _Wholesale trade _Retail trade

Finance, insurance, and real estateBankingCredit agencies, holding and other investment companies .Security and commodity brokers _ _ _ . - .Insurance carriersInsurance agents, brokers, and serviceReal estate .

Services _ . . _. -.Hotels and other lodging placesPersonal services . .. _ - „ - ..Miscellaneous business servicesAutomobile repair, automobile services, and garagesMiscellaneous repair servicesMotion pictures _ .

Amusement and recreation services, except motion pictures . .Medical and other health servicesLegal servicesEducational services . . .Nonprofit membership organizationsMiscellaneous professional servicesPrivate households _

Government and government enterprises, _ ._. . . .. ._Federal

General governmentCivilian... . .Military

Government enterprisesState and local _

General government .. . _Public educationNonschool

Government enterprises

Rest of the world

Addendum: All private industries _

1967

67,913

1 4341 265

169

61580

138278119

3,268

19, 5018,0181,791

86965

1,389680

1 0551,002

183515352

11,483598453633

1,3261,3571,9781,9681,458

832447433

2,4086962668192182991892

957848109

646

11,7213,3098,412

2,944844301126895200578

10, 639607907

1,182312137171

3592,428

1941,0541,273

5281,487

13, 7766,2785,5062,0853,421

7727,4987,0793,6713,408

419

4

54, 133

1968

69, 832

1,4151,244

171

61283

133279117

3,393

19,8548,1801,791

841 0001,406

6911 0751,032

188556357

11,674604471639

,324,389,972,987,500888463437

2,4396672678462173311893

968856112

658

12, 1273,3908,737

3,085899

309156930203595

11,037630906

1,255319139172

3692,603

2001,0991,318

5651,462

14,2406,3905,6092,0923,517

7817,8507,4083,8683,540

442

4

55, 588

1969

71,823

1,3861,208

178

62591

136282116

3,544

20,2648,3081,795

811,0091,415

7121,1041,064

190596342

11,956612484662

1,3591,4442,0422,0361,470

920482445

2,46664326787720535618

100

1,040922118

673

12,6323,5099,123

3 246961322183952209619

11,467663898

1,379333143180

3822 786

2111,1291 359

6181,386

14,4766 3265,5292,0663 463

7978,1507,6944,0503,644

456

4

57, 343

1970

71,576

1,3901 207

183

62995

146272116

3,481

19, 4258,1731,785

84983

1,367702

1,1111,055

190579317

11,252581461645

1,3151,3851,9841,9221,247

816466430

2,43062626786619635418

103

1,112992120

691

12,9173,5829,335

3 3631,023

327166986218643

11,722678871

1,422346146178

3952,966

2241,1511 394

6451,306

14,4125 9125,1092,0133 096

8038,5008,0254,2253,800

475

4

57, 160

1967

6,230

2,4342,1534,538

7,5567,7007,3267,8177,118

7,417

6,8806,1806,3175,2794,9264,2657,1766,9938,1368,9676,6454,636

7,3695,1625,4556,7797,8737,1417,8307,0718,4778,4757,5395,663

8,1298,0345,8018,6728,6198,8468,7787,120

7,0416,7968,945

7,964

5,8707,9355,057

6 7176 0447,498

14, 6986,7307 8455,145

4,7704,0264,6536,6265,4427,3806,433

5,3684 1975, 6244,4104 5378,3772,952

6,2226 1005,9687,9854 7387,0456,3246,3356,6056,0446,131

10, 000

6,231

1968

6,657

2,6332,3184,918

7,9648,2057,6028,2477,530

7,953

7,3476,5866,6875,7625,3194,6577,6287,3628,6009,4687,0455,003

7,8815,6795,8477,2468,4647,6248,3047,5078,8619,5957,8796,046

8,6768 5856,1019,2879,1209,3639,2227,570

7,5007,2279 589

8,435

6 2068,3915 358

7 2356 4067 951

16, 1227,1098 3655,587

5,0884,2444,9196 9215,8657 7846,814

5,6424 5796 1404,7184 7948 7523,104

6,7176 6206 4598,7465 0997,7756,7966,8067 0926,4946,618

11,250

6,641

1969

7,095

2,8482,4915,275

8,6198,6158,5228,8908,078

8,615

7,7756,9847,0796,1735,5964,8808,1057,8439,147

10, 1897,3515,222

8,3266,0266,1657,7029,0007,9858,8797,9609,4059,7478,3806,382

9,3189,2306,2969,9069,990

10, 2709,7227,940

7,9847,721

10, 033

9,013

6,5408,9215,624

7,6806,8188,478

15, 0987,6088,9676,086

5,5054,5025,1777,2736,3338,3507,100

5,9375,0436,7775,0835,1779,3533,307

7,1897,1356,9739,4425,5008,2577,2317,2607,5296,9616,743

12, 750

7,071

1970

7,564

3,0632,6565,743

9,2629,1379 5559,4718,509

9,293

8,1507,3807,5726,6675,8065,0308,5468 2649,728

10, 7377,6395,524

8,7096,4066,4308,2009,2128,3829,2718,4919,9649,9628,8586,758

9,9289,7756,614

10, 43310, 75011, 41010,1118,505

8,4018,141

10, 550

9,695

6,8869,4525,902

8,0267,2509,049

14, 3438,0539,6286,513

5,9464,7585,4107,6486,7238,8227,157

6,2845,6877,5495,4945,4929,8643,535

7,9658,1757,968

10, 5976,2599,4937,8187,8438,1417,5117,408

14, 250

7,462

1967

76, 104

3,6293,318

311

65082

146299123

4,012

19, 8248,1311,813

86967

1,411681

1 1141,005

183517354

11,693671473646

1,3281,3782,0251,9711 462

833449457

2,5866962979552223021896

961850111

658

13, 9353,561

10, 374

3 263845317152895283771

12,806732

1,4881,353

483295185

4692,813

3681,1621,273

6981,487

13, 7766,2785,5062,0853,421

7727,4987,0793,6713,408

419

4

62, 324

1968

78,051

3,5663,252

314

64685

141299121

4,114

20, 1798,3031,812

841,0021,430

6921,1441,034

188558359

11,876678488654

1,3261,4072,0141,9901,504

889465461

2,623667297989221334

1897

972858114

669

14, 3773,647

10, 730

3,400893321181930286789

13,261760

1,4851,442

492306186

4882,996

3711,2101,318

7451,462

14,2406,3905,6092,0923,517

7817,8507,4083,8683,540

442

4

63, 807

1969

80,096

3,4753,151

324

66093

144303120

4,323.

20,5778,4241,815

811,0121,436

7131,1691,066

190598344

12,153680501674

1,3611,4602,0882,0401,475

921484469

2,647643296

1,01820935918

104

1,044924120

685

14,9263,767

11, 159

3,574962337215952290818

13,705793

1,4691,574

500312193

5053,174

3831,2431,359

8141,386

14,4766,3265,5292,0663,463

7978,1507,6944,0503,644

456

4

65,616

1970

79, 75(

3,4113,08'

33$

66^9'

15^29:12(

4,261

19,7418,28'1,80*

8498(

1,38'70C

1, 17*1,05'

19(5813K

11-, 45464£47<65'

1,31'1,40$2,03$1,92'1, 25$

sr46*45E

2,60762f29E

1,00420C35'

1*10'

1.11C99412$

703

15,2343,83<

11, 39f

3,6831,024

34$1919se298842

13,90681C

1,4341,598

513308191

5153,32S

3961,2651,39<

847i,3oe

14,4125,91$5,10£2,0123,096

8028,50C8,0254,2253,80C

475

4

65,334



Table 6.7.—Supplements to Wages and Salaries by IndustryDivision


Table 6.10.—Inventory Valuation Adjustment by Industry Division


All industries, total . .

Agriculture, forestry, and fisheries. _MiningContract construction. .

ManufacturingNondurable goods _Durable goods ..

TransportationC ommunicationElectric, gas, and sanitary servicesWholesale and retail tradeFinance, insurance, and real estate.Services _..Government and government enterprises

Addendum: All private industries .

1967

44,165

215541

2 362

18 1006 243

11 857

2 235965773

5 1872,5883 1228 077

36 088

1968

49 734

229599

2 628

20 4966 973

13 523

2 5121 026

8485 8992,9253 5179 055

40 679

1969

55, 973

286667

3 087

22 5507 749

14 801

2 7441 274

9546 7763,2914 101

10 243

45 730

1970

60, 45$

30(71"

3 29J

23 34(8 31(

15 03(

2 9241 55(1 08*7 35<3,64S4 49'

11 73<

48 72(

Table 6.8.—Income of Unincorporated Enterprises by IndustryDivision


All industries, total.. .

Agriculture, forestry, and fisheriesFarms

MiningContract construction ._

Manufacturing.Nondurable goods .. ...Durable goods

TransportationCommunicationElectric, gas, and sanitary servicesWholesale and retail trade.


Finance, insurance, and real estate. .. ..Services ...

1967

62, 435

15 47114 832

3554 533

1 880708

1 172

1,1182699

13, 4052 975

10 430

4,27221,276

1968

64 948

15 34214 680

3354 766

1 873707

1 166

1 24364

10114, 0273 303

10 724

4,63622 561

1969

67,860

17 55416 772

395,104

1 850671

1 179

1,21815

10514, 1023 361

10, 741

3,99623, 877

1970

67,519

16 57115,839

2934,706

1 659643

1 016

1,14315

10514, 1333 291

10 842

3,79025, 104

Table 6.9.—Noncorporate Capital Consumption Allowances byIndustry Division



Agriculture, forestry, and fisheriesFarms ....

Mining .. ...Contract construction

M anuf acturingNondurable goodsDurable goods

TransportationCommunicationElectric, gas, and sanitary servicesWholesale and retail trade


Finance, insurance, and real estateReal estate ..

Services

1967

25 935

5 3065,119

359701

435127308

58021

1421,840

4151,425

13, 21913, 0873,332

1968

27 657

5 7295 545

339748

461157304

65515

1531,858

4161,442

14 20914, 0773 490

1969

29 858

6,1325,934

354792

451137314

66918

1661,948

4461,502

15, 53215, 3823,796

1970

31 39

6,406,20

3683

451431

682

182,00

461,54

16,4216,254,02


Corporations, total.

MiningContract construction

Manufacturing .Wholesale and retail trade

TransportationCommunication

Electric, gas, and sanitary services . _ .

Unincorporated enterprises, total

Mining ... - .. .Contract construction

M anuf acturingWholesale and retail trade

1967

-1,417

-1, 129

—25—50

-483—519

-27-5

-20

-288

0-25

—11-252

1968

-4,069

—3, 335

—20—176

-1, 742—1 312

-37-12

-36

-734

-1-80

-65-588

1969

-6,376

-5,542

—135—80

-3, 327—1 705

-38-67

—190

—834

-4-38

-58-734

1970

-5, 17(

-4,52(

— 15(— 7(

-2, 52i—1 24

-6(-124

-351

-65(

-t-2t

-4(-58C

Table 6.11.—Net Interest by Industry Division


All industries, total .

Agriculture, forestry, and fisheriesMining - - . . - .Contract construction ...

M anuf acturingNondurable goodsDurable goods .

T r ansportationCommunicationElectric gas, and sanitary services .. .

Wholesale and retail tradeFinance insurance and real estate .Services

Rest of the world

1967

24,416

2,36871

264

2,321967

1,354

940691

1,815

1,03912, 7341,309

864

1968

26,869

2,60479

206

2,8161,2761,540

1,101849

2,129

1,16913, 7281,463

725

1969

29,862

2,869107161

4,0571,7572,300

1,3451,0872,512

1,62914, 5221,812

-239

1970

33,012

3,23412,15'

4, 92<1,60'3,32'

1,581,60;2,60(

1,91514, 92!2,15?

-2K

Table 6.12.—Corporate Profits (Before Tax) and Inventory Valuation Adjustment by Broad Industry Groups[Billions of dollars]


Financial institutionsMutualStock

Non financial corporationsManufacturing __. . .

Nondurable goodsDurable goods

Transportation, communication, and public utilities-All other industries

1967

78 7

10 01 98 1

68 738 718 020 710.819 1

1968

84 3

11 32 09 3

73 041 719 322 410.620 7

1969

78 6

12 12 29 9

66 536 017 518 410.' 020 6

1970

70 8

12 82 2

10 5

58 129 516 613 08.0

20 5

I

78 3

10 1

68 239 218 221 010.818 2

19

II

78 0

9 9

68 138 917 921 010.918 3

67

III

78 4

9 9

68 638 117 920 210.819 6

IV

80 0

10 2

69 838 718 120 610.720 3

I

81 1

10 6

70 640 419 021 410.719 4

19

II

Seas

85.4

11 0

74 442 819.323 510.721.0

68

III

anally

85.9

11 8

74 242 019.722 310.621.5

IV

adjust

84.7

11.8

72.941.619.122 510.321.0

I

3d at a

82.7

12.0

70.739.318.221 110.620.8

19

II

nnual i

80.7

12.3

68.436.918.018.910.421.0

69

III

ates

78.0

12.2

65.834.817.017.89.8

21.2

IV

73.3

12.0

61.333.016.916.19.1

19.2

I

69.8

11.3

58.531.116.714.38.2

19.2

19

II

71.5

12.1

59.431.516.514.97.8

20.1

70

III

73.0

13.5

59.530.616.813.87.9

20.9

IV

69.0

14.0

54.925.016.28.88.1

21.9Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Table 6.13.—CorporateProfits Before Tax by

Industry[Millions of dollars]

Table 6.14.—Federal andState Corporate Profits Tax

Liability by Industry[Millions of dollars]

Table 6.15.—CorporateProfits After Tax by

Industry[Millions of dollars]



Mining

Metal miningCoal miningCrude petroleum and natural gasMining and quarrying of nonmetallic minerals


Manufacturing

Nondurable goods

Food and kindred productsTobacco manufacturesTextile mill productsApparel and other fabricated textile products

Paper and allied productsPrinting, publishing, and allied industriesChemicals and allied productsPetroleum refining and related industries

Rubber and miscellaneous plastic productsLeather and leather products

Durable goods

Lumber and wood products, except furnitureFurniture and fixturesStone, clay, and glass productsPrimary metal industries

Fabricated metal productsMachinery, except electricalElectrical machineryTransportation equipment and ordnance, except motor

vehiclesMotor vehicles and motor vehicle equipmentInstrumentsMiscellaneous manufacturing industries

Transportation

Railroad transportationLocal, suburban, and highway passengerMotor freight transportation and warehousingWater transportation

Air transportationPipeline transportationTransportation services

Communication





Finance, insurance, and real estate

BankingCredit agencies, holding and other investment companies.Security and commodity brokers

Insurance carriersInsurance agents, brokers, and serviceReal estate

Services

Hotels and other lodging placesPersonal servicesMiscellaneous business servicesAutomobile repair, automobile services, and garages

Miscellaneous repair servicesMotion pictures .. .Amusement and recreation services, except motion

pictures. .Miscellaneous professional services

Rest of the world

Addenda: Financial institutionsNonfinancial corporations

1967

79,815

101

756

-9156350259

1,901

39,220

17,701

3,101709916773

1,2151,6604,2454,077

730275

21,519

545406834

2,905

2,3644,2213,011

1,3483,9821,387

516

1,383

33134419163

340161133

4,677

4,430247

4,792

9,859*

3,9025,957

11,436

6,0711,645

485

1,895225

1,115

2,084

20026481395

4991

98474

3,606

10, 01669,799

1968

87,636

180

836

83128381244

1,941

43,420

19,604

3,390753

1,149926

1,3641,8494,9873,959

916311

23,816

1,041469

1,0032,205

2,3374,4502,981

1,6125,5991,563

556

930

14176587148

-17012649

4,944

4,663281

4,799

11,612

4,7806,832

12,987

7,3991,740

713

1,459291

1,385

2,021

232302651137

53141

124381

3,966

11,28876,348

1969

84, 191

167

720

1,910

39,313

18,319

20,994

603

5,051

4,625

12,127

13,516

1,681

4,478

12, 10772,084

1970

75,362

143

642

1,558

32,061

17,309

14, 752

-257

4,543

4,272

11,539

14,361

1,699

4,801

12,75962,603

1967

33,177

87

177

31355952

714

16,945

7,064

1,474356429349

489768

2,043711

328117

9,881

166182374

1,102

1,0792,0091,475

6291,946

692227

651

9448

17682

1516040

2,213

2,080133

2,101

3,812

1,5862,226

5,620

2,994592241

1,19274

527

857

7685

33044

1465

83160

4,82428,353

1968

39,858

110

226

42388066

737

20,668

8,633

1,763419589433

601936

2,651638

451152

12,035

330230470861

1,2162,4321,635

7752,939

860287

656

9746

270104

454945

2,665

2,480185

2,237

4,789

2,0472,742

6,764

3,524673419

1,377115656

1,006

12210137360

1984

99148

5,81134,047

1969

39,701

117

245

828

19,574

8,355

11,219

622

2,710

2,157

5,113

7,310

1,025

6,33433,367

1970

34, 120

77

303

552

15, 150

7,669

7,481

504

2,213

1,811

4,495

8,092

923

7,02227,098

1967

46,638

14

579

-40121291207

1,187

22,275

10,637

1,627353487424

726892

2,2023,366

402158

11,638

379224460

1,803

1,2852,2121,536

7192,036

695289

732

-6186

24381

18910193

2,464

2,350114

2,691

6,047

2,3163,731

5,816

3,0771,053

244

703151588

1,227

12417948351

3526

15314

3,606

5,19241,446

1968

47,778

70

610

4190

301178

1,204

22,752

10,971

1,627334560493

763913

2,3363,321

465159

11,781

711239533

1,344

1,1212,0181,346

8372,660

703269

274

-83130317

44

-215774

2,279

2,18396

2,562

6,823

2,7334,090

6,223

3,8751,067

294

82176729

1,015

110201278

77

3457

25233

3, 966

5,47742,301

1969

44,490

50

475

1,082

19,739

9,964

9,775

-19

2,341

2,468

7,014

6,206

656

4,478

5,77338,717

1970

41,242

66

339

1,006

16,911

9,640

7,271

-761

2,330

2,461

7,044

6,269

776

4,801

5,73735,505



Table 6.16.—Net CorporateDividend Payments by

Industry


Table 6.17.—UndistributedCorporate Profits by

Industry


Table 6.18.—CorporateCapital Consumption

Allowances by Industry[Millions of dollars]


Agriculture, forestry, and fisheries _

Mining

Metal mining . ... .Coalmining ... .Crude petroleum and natural gasMining and quarrying of nonmetallic minerals

Contact construction

Manufacturing . . _ ..

Nondurable goods

Food and kindred productsTobacco manufactures ..Textile mill products .Apparel and other fabricated textile products. . . .

Paper and allied products. .Printing, publishing, and allied industriesChemicals and allied products .Petroleum refining and related industries . .

Rubber and miscellaneous plastic productsLeather and leather products

Durable goods . . .

Lumber and wood products, except furnitureFurniture and fixtures ..Stone, clay, and glass productsPrimary metal industries

Fabricated metal productsMachinery, except electricalElectrical machinery ...Transportation equipment and ordnance, except motor

vehiclesMotor vehicles and motor vehicle equipmentInstruments .Miscellaneous manufacturing industries

Transportation

Railroad transportation.. . . .Local, suburban, and highway passengerMotor freight transportation and warehousing . - -Water transportation

Air transportationPipeline transportationTransportation services . . . .

Co mmunication

Telephone and telegraph . . . . . . ...Radio broadcasting and television

Electric, gas, and sanitary services - . . . .



Finance, insurance, and real estate .

BankingCredit agencies, holding and other investment companiesSecurity and commodity brokers

Insurance carriers. .Insurance agents, brokers, and serviceReal estate

Services

Hotels and other lodging placesPersonal servicesMiscellaneous business servicesAutomobile repair automobile services and garages

Miscellaneous repair servicesMotion picturesAmusement and recreation services, except motion

picturesMiscellaneous professional services

Rest of the world

Addenda: Financial institutions .Nonfinancial corporations _ _

1967

21 385

66

898

8746

69768

237

10, 215

5 019

77620119788

365298

1,4141,474

16145

5,196

15470

264769

388824664

3331,395

26075

808

372548528

9012059

1,573

1,49677

2,538

1,602

5181 084

1,510

1 2087823

—22853

376

428

9046

13824

514

3279

1 510

1,00520,380

1968

23 552

81

1 031

13220

80178

236

11 375

5 606

83822923099

378340

1 6871,627

13246

5 769

16462

292801

469895741

3791 590

29779

816

393648628

10111133

1 690

1 61476

2 717

1 885

5621 323

1 747

1 383' 37

24

29862

539

478

6070

15713

632

5288

1 496

1,20322,349

1969

24 444

72

1 056

242

11 256

5 388

5 868

728

1 769

2,867

1 879

2 061

486

2 028

1,50522,939

1970

OBJ nt\A

57

1 069

OJC

11 045

5 KCO

5 477

692

1 873

3 094

1 898

2 353

519

2 159

1,76523,239

1967

25 253

—52

—319

—12775

-406139

950

12 060

5 618

851152290336

361594788

1,892

241113

6,442

225154196

1,034

8971,388

872

386641435214

—76

-43332

15853

99—19

34

891

85437

153

4,445

1 7982 647

4,306

1 869975221

93198

212

799

3413334527

3012

—17235

2 096

4,18721, 066

1968

24 226

—11

-421

—9170

-500100

968

11, 377

5 365

789105330394

385573649

1,694

333113

6,012

547177241543

6521,123

605

4581,070

406190

—542

—47666

23116

—316-34-29

589

56920

-155

4,938

2 1712 767

4,476

2 4921 030

*270

380114190

537

5013112164

2825

—27145

2 470

4,27419,952

1969

20 046

—22

-581

840

8 483

4 576

3 907

—747

572

-399

5 135

4 145

170

2 450

4,26815, 778

1970

16 238

9

—730

761

5 866

4 072

1 794

1 453

457

—633

5 146

3 916

257

2 642

3,97212,266

1967

42 960

365

1,072

52175618227

1,264

19,573

9 596

1,64970

534184

835576

2,0523,219

41067

9,977

362119756

2,321

8701,6931,121

7521,384

441158

4,177

1,443242825306

971180210

2,540

2,367173

3,603

3,819

1,2732,546

3,619

60040418

33444

2,219

2,928

424257812737

33182

248235

1,21741,743

1968

46 847

356

1,097

54144676223

1,425

21,370

10 376

1,76470

557201

888636

2,2533,516

42764

10, 994

375123776

2,475

9741,8371,296

9431,486

518191

4,517

1,404252873356

1,240186206

2,851

2,642209

3,934

4,128

1,4562,672

3,921

731483

28,

36456

2,259

3,248

432281948842

45198

304198

1,48945,358

1969

51 277

428

1,165

1,586

22, 972

11, 152

11,820

4,819

3,119

4,364

4,675

4,422

3,727

1,75049,527

1970

56 193

473

1 246

1 746

24, 807

12 179

12, 628

5,280

3,432

4,803

5,196

4,955

4,255

2,10254,091


40 SUKVEY OF CURRENT BUSINESS July 1971

Table 6.19.—Corporate Sales by Industry 1




Mining

Metal miningCoal miningCrude petroleum and natural ga*5

Mining and quarrying of nonmetallic minerals


Manufacturing _ . ..

Nondurable goods

Food and kindred productsTobacco manufacturesText1 1ft mill productsApparel and other fabricated textile productsPaper and allied products _. _.

Printing, publishing, and allied industriesChemicals and allied productsPetroleum refining and related industriesRubber and miscellaneous plastic productsLeather and leather products

Durable goods

Lumber and wood products, except furnitureFurniture and fixtures .Stone clay and glass productsPrimary metal industriesFabricated metal products

Machinery except electricalElectrical machineryTransportation equipment and ordnance,

except motor vehiclesMotor vehicles and motor vehicle equipment

1967

1,212,642

8,855

12,754

2,0342 8725, 1612 687

66 828

576,570

286 682

80,6336 010

19 37920 82316, 823

21 29345, 66158 56012 3185,182

289,888

10 1846,696

13 30439 70132 806

46 82142 498

30, 65748 433

1968

1,326,752

9,016

13,795

2,3802 2146,5672 634

70 831

632,925

310,074

86, 3426 082

20 82222, 66118, 649

22, 40151, 08163 43612 9355,665

322,851

11, 6987, 096

14 22843 56436, 429

48 78246 362

34, 87257 988

1969

1,463,762

11, 451

15, 367

82, 141

679, 288

335, 763

343, 525

1970

1, 512, 349

11,720

16,737

84 605

693, 164

354, 074

339, 090

Manufacturing — Continued

Durable goods — Continued

InstrumentsMiscellaneous manufacturing industries

Transportation ._ .

Railroad transportationLocal, suburban, and highway passengerMotor freight transportation and warehousingWater transportation

Air transportationPipeline transportationTransportation services

Communication




Wholesale trade.Retail trade

Services

Hotels and other lodging placesPersonal servicesMiscellaneous business servicesAutomobile repair, automobile services, and

garagesMiscellaneous repair servicesMotion picturesAmusement and recreation services, except mo-

tion picturesMiscellaneous professional services

1967

10, 4398,349

44,844

11 8832 519

13,8244,112

8 0231,3263,157

24, 530

21, 3753,155

29,817

403, 233

184, 613218 620

45, 211

4,5595,470

16, 039

3,2941,2343,143

3,1418,331

1968

12, 4359,397

49, 400

12 0862 488

16 9844,602

8 7261,0393,475

26, 926

23,4863,440

32,806

442, 510

205, 418237, 092

48, 543

4,8725,984

17, 673

4,0101,3373,532

3,6047 531

1969

54,506

30,489

36, 149

498,788

55,583

1970

56, 947

32,773

39, 583

518,531

58,289

1. Excludes finance, insurance, and real estate.

7.—Supplementary TablesTable 7.1.—Gross National Product: Receipts and Expenditures by Major Economic Groups

[Billions of dollars!

0>a3

12

3

45

678

q10111213

141516

17

18

Persons:

Disposable personal incomeLess: Interest paid by consumers and per-

sonal transfers to foreigners .Disposable personal income excluding in-

terest paid by consumers and personaltransfers to foreigners. . - -- - . .

Personal consumption expenditures .Personal saving

Business:

Gross retained earningsGross private domestic investment

Excess of investment (— )

Government:

Tax and nontax receipts or accrualsLess: Transfers, etc

Net receipts..Purchases of goods and services

Surplus or deficit (-), national incomeand product accounts ...

Foreign:

Net transfers to foreignersNet exports.

Net foreign investment less capital grantsreceived by the United States

Statistical discrepancy


Receipts

546.3

13.9

532.4

93 0

228 762 8

166.2

3 0

— 7

793 9

1967

Expend-itures

492. 1

116 6

180 1

5 2

793 9

Excess ofreceipts or

expend-itures (— )

40 4

—23.5

-13.9

—2.2

—.7

Receipts

591 0

15 1

575 9

95 4

263 570 7

192 7

2 9

—2 7

864 2

1968

Expend-itures

536.2

126 0

199 6

2 5

864 2


expend-itures (-)

39 8

-30.6

-6.8

.4

—2.7

Receipts

634.2

16.7

617.5

95 6

295 678.4

217.2

2 9

—4.1

929.1

1969

Expend-itures

579.6

137.8

209.8

2 0

929.1


expend-itures (-)

37.9

-42.1

7.4

.9

-4.1

Receipts

687.8

17.9

669.9

99.3

300.594.2

206.3

3.1

-4.5

974.1

1970

Expend-itures

615. 8

135.3

219.4

3.6

974.1


expend-itures (-)

54.1

-36.0

-13.1

-.4

-4.5



Table 7.2.—Monetary and Imputed Interest[Billions of dollars]

83

1?,34

5a7

89

Net interest (component of national income)

Originating in private business.

Monetary interest paidImputed interest paid

Less: Monetary interest receivedImputed interest received

Originating in the rest of the world.

Monetary interest received from abroadLess: Monetary interest paid to abroad

1967

24.4

23.6

62 423 6

57.55 0

.9

1.91.0

1968

26 9

26 1

71 126 3

65.75 5

.7

2.21.4

1969

29.9

30 1

83 330.6

77.36 5

-.2

2.62.8

1970

33 0

33 2

94 534 9

88 77 5

— 2

2 93.1

§2

10

111213

14

15

16

Personal interest income (component of personalincome)

Net interest (component of national income)Monetary interest paid by consumersNet interest paid by government

Addenda:

Monetary interest paid net of interest received bygovernment (3+8+12+13)

Gross interest paid by government

Monetary interest paid (3+8+12+15)

1967

48 0

24.413 210 4

87 9

15 2

92.7

1968

52.9

26.914 311 8

99.3

17 4

104.9

1969

58 8

29.915 813 1

114 8

19 0

120.6

1970

64 7

33.016 914 7

129 1

21 3

135.6

Table 7.3.—Imputations Included in National Income and Product Accounts[Billions of dollors]

<Drt3

1?,3

45

fi

78q

1011IB

131415

1617

18

IP?0?1

??,33?4

?526?7

383930

31

3?33

343536


Imputations included, net (51+56+62+69+70+71+72) .

Excluding imputations (1—2)

Personal consumption expendituresImputations included, net (51+56+62+69+70

Excluding imputations (4— 5) ......

Gross private domestic investment _Imputations included, net (67+68). .Excluding imputations (7—8)

Capital consumption allowances .Imputations included, net (52+57+63)Excluding imputations (10—11)

Indirect business taxesImputations included, net (53+64) _Excluding imputations (13—14)

National income _. . _. _Imputations included, net (54+55+58+65+66

-1-69+70+71+72).. .Excluding imputations (16—17)

Wages and salariesImputations included, net (70+71+72)Excluding imputations (19—20)

Proprietors' incomeImputations included, net (66)Excluding imputations (22—23)

Rental income of personsImputations included, net (55)Excluding imputations (25—26)

Net interestImputations included, net (54+58+65+69)Excluding imputations (28—29)

Personal income

Imputations included, net (55+66+69+70+71+72)Excluding imputations (31—32)

Personal tax and nontax paymentsImputations included, net (—53—64)Excluding imputations (34—35)

1967

793.9

57 8736.1

492 1

34.0458.1

116.623.892 8

68.99.5

59.4

70 49.5

60 9

653.6

38 8614.8

423 12 8

420.3

62 11 0

61.1

21 112.09 1

24 423.01 4

629.3

25 1604.2

83 0—9 592.5

1968

864.2

61.9802.3

536 2

36.5499.7

126.025.4

100 6

74.510.064.5

78 610.668.0

711.1

41.3669.8

464 92 9

462.0

64 21.0

63.2

21 211.89.3

26 925.61.3

688.9

26.4662.5

97 9—10 6108.5

1969

929.1

68 9860.2

579 6

44.0535.6

137.825.0

112 8

81.110.670.6

85 711.574.2

763.7

46.8716.9

509 62.9

506.6

67.01. 1

65.9

22.613.29.4

29.929.6

.3

750.3

30.4719.9

116 2— 11.5127.7

1970

974.1

74 6899 5

615 8

49.6566.2

135.325.0

110 3

87.611.176.4

92 912.980 0

795.9

50 6745.3

541 43 0

538.4

66 91.1

65.7

23 313.79.6

33 032.8

.2

803.6

33.0770.7

115 9— 12.9128,8

1

3738

39

4041

49

434445

464748

49

505152535455

565758

5960616">

63646566

67686P

70717?

Personal income — Continued

Disposable personal incomeImputations included, net (53+55+64+66+69

_|_70+7i+72)Excluding imputations (37—38)

Personal outlaysImputations included, net (52+53+55+57+63+64+66+69+70+71+72-67-68)Excluding imputations (40— 41). _ ... ..

Interest paid by consumers . . . . .Imputations included, net ( — 54 — 58 — 65)E xcluding imputations (43 — 44) .

Personal saving ... ... ..Imputations included, net (67+68—52—57—63).E xcluding imputations (46—47)

Specific imputations

Space rental value, owner-occupied nonfarm dwell-ings . . ... -.

Less: Associated purchases of goods and servicesEquals: Imputations included in GNP, net (49—50)

Capital consumption allowancesTaxes .. - - - - - - . . . . .InterestNet rent (51—52—53—54)

Space rental value, institutional buildingsCapital consumption allowancesInterest

Space rental value, owner-occupied farm dwellings ..Food and fuel produced and consumed on farmsLess: Associated purchases of goods and servicesEquals: Imputations included in GNP, net (59+60

-61) - . .Capital consumption allowancesTaxesInterestProprietors' income (62—63—64—65)

Owner-occupied dwellings, net purchasesInstitutional buildings, net purchases. .Services furnished without payment by financial

intermediariesFood furnished employeesStandard clothing issued to military personnelEmployees' lodging . ..

1967

546.3

34.6511.7

506 0

20.4485.6

13.2—13 7

26.9

40.414.326.1

47.15.2

41.87.69.3

12.912.0

1.61.2.4

2.0.7.5

2.2.7.2.3

1.0

19.84.0

9.32.5.2.2

1968

591.0

37.0554.1

551.2

21.6529.7

14.3— 14 9

29.2

39.815.424.4

50.86.6

44.18.0

10.314.011.8

1.81.3.5

2.1.7.4

2.4.8.2.3

1.0

21.44.0

10.72.5.2.2

1969

634.2

42.0592.2

596.3

27.6568.7

15.8— 16 4

32.2

37.914.423.5

55.06.7

48.38.4

11.315.413.2

2.01.4.6

2.3.7.5

2.6.8.3.4

1.1

20.34.6

13.22.6.2.2

1970

687.8

45.9641.9

633 7

32.0601.7

16.9— 17.6

34.5

54.113.840.2

59.67.9

51.68.8

12.616.513.7

2.11.4.7

2.3.8.4

2.7.9.3.4

1.1

20.24.8

15.22.6.2.2

Table 7.4.—Corporate Profits and Inventory Valuation Adjustment: Not Seasonally Adjusted[Billions of dollars]

Corporate profits and inventory valuation adjust-ment

Profits before taxProfits tax liabilityProfits after tax


I

18 6

18 77 8

10 9— l

19

II

20 1

20 38 5

11 8— 2

67

III

18 9

19 07 9

11 1— 1

IV

21 1

21 89 o

12 8— 7

I

19 0

20 59 3

11 2—1 5

19

II

21 9

22 710 312 4— 7

68

III

20 9

21 09 6

11 4—.1

IV

22 5

23 410 612 8— 9

I

19 3

20.99 9

11 1-1 6

196

II

20-7

22.410 611.8-1.7

9

III

19.0

19.79 3

10.4-.7

IV

19.7

21.19.9

11.2-1.5

I

16.3

17.88.09.8

-1.5

19

II

18.4

19.69.0

10.7-1.3

70

III

17.7

18.88.6

10.2-1.1

IV

18.5

19.18.6

10.6-.7


42 SUEVEY OF CUREENT BUSINESS July 1971

Table 7.5.—Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts to Corresponding Totalsas Tabulated by the Internal Revenue Service


<oti3

12

3

4

5

67

8

q

1011

12

13

14

15

Total receipts less total deductions — IRS

Plus: Posttabulation amendments and revisions,including allowance for audit profits andgross renegotiation refundsDepletion on domestic minerals _

Oil well drilling costs in excess of depreciationon oil wells

Oil well bonus payments written off . .

State income taxes on corporationsIncome of Federal Reserve banks, Federal

home loan banks, and Federal land banks .

Adjustment for insurance carriers and mutualdepositary institutions

Bad debt adjustment

Less: Tax-return measures of:Gains, net of losses, from sale of property .Dividends received from domestic corpora-

tions .Income on equities in foreign corporations

and branches (to U.S. corporations) -

Costs of trading or issuing corporate securities

Plus: Income received from equities in foreign cor-porations and branches by all U.S. residents,net of corresponding outflows

Equals: Profits before taxes — National income andproduct accounts .. -

1965

74,740

5,4453,669

70

488

2,053

1,453

3442 434

5,431

4 521

5,799

428

3,270

77,787

1966

81,293

5,6803,861

—87

503

2 209

1,819

4222 139

5,616

4,435

6,225

591

3,252

84,224

1967

79,250

5,7044,123

—233

491

2,434

2,061

2062 423

7,800

4,420

7,003

1,027

3,606

79,815

1968

87,477

5,7274,568

—156

504

3 150

2,628

—162 877

9,394

4,856

7,465

1,374

3,966

87,636

od3

16

17

18

19

2021

22

23

24

25

26

?728

29

30

Federal income and excess profits taxes — IRS

Plus: Posttabulation amendments and revisions,including results of audit and renegotiationand carryback refunds

Amounts paid to U.S. Treasury by FederalReserve banks -

State income taxes on corporations

Less: U.S. tax credits claimed for foreign taxes paid..Investment tax credit

Equals: Federal and State income and excess profitstax liability — National income and product accounts.

Profits after tax — National income and product ac-counts (line 15 less line 22)

Dividends paid in cash or assets — IRS

Plus: Dividends paid by Federal Reserve banks andFederal land banks

U.S. receipts of dividends from abroad, net ofpayments to abroad

Less: Dividends received by U.S. corporationsCapital gains distributions of investment com-

panies

Equals: Net dividends — National income and productaccounts

Undistributed profits — National income and productaccounts (line 23 less line 29)

1965

31,664

644

1,2972,053

2,6161,716

31,326

46,461

25,998

50

1,505

6,742

1,003

19,808

26,653

1966

34,449

841

1,6492,209

2,8612,006

34,281

49,943

27,033

52

1,439

6,320

1,407

20,797

29,146

1967

33,301

770

1,9072,434

3,1602,075

33,177

46,638

28,239

53

1,510

6,609

1,808

21,385

25,253

1968

39,694

598

2,4643,150

3,6642,384

39,858

47,778

31,563

48

1,496

6,956

2,599

23,552

24,226

Table 7.6.—Selected Per Capita Income and Product Series in Current and Constant Dollars

Year

1929

1930...19311932...19331934

19351936—1937 .19381939 ..

1940—19411942 ..19431944...

1945—194619471948....1949 ..

19501951 .1952...19531954

1955...19561957—19581959—

1960 .1961—19621963 .1964

196519661967196819691970

Millions

Popula-tion i

121-9

123-2124-1124-9125-7126-5

127-4128-2129-0130-0131-0

132-1133-4134-9136-7138-4

139-9141-4144-1146-6149-2

151-7154-3157-0159-6162-4

165-3168-2171-3174-1177-1

180-7183-7186-5189-2191-8

194-2196-5198-6200-6202-6204-8

Current dollars

Grossnationalproduct

846

734611465442514

667643701651691

754934

1,1711,4011,518

1,5151,4751,6051,7571,719

1,8772,1292,2012,2852,247

2,4082,4922,5762,5692,731

2,7882,8323,0043,1213,297

3,5263,8163,9974,3084,5864,756

Personalincome

705

625531401374427

474535575526555

593719911

1,1061,194

,223,264,327,434,389

,501,657

1,7361,8061,787

1,8811,9802,0502,0742,166

2,2192,2692,3732,4602,593

2,7742,9893,1683,4343.7043,924

Dispos-able

personalincome

683

605516390362414

459518552504537

573695867976

1,057

,074,132,178,290,264

1,3641,4691,5181,5831,685

1,6661,7431,8011,8311,905

1,9371,9842,0662,1392,284

2,4362,6052,7512,9463,1303,358


Total

634

667487389364406

437483516492510

536604656726782

8551,0141,1151,1841,186

1,2591,3371,3811,4411,456

1,5391,5851,6431,6661,758

1,8001,8261,9041,9822,092

2,2282,3732,4772,6732.8613,007

Durablegoods

76

5844292833

4049544451

5972524849

57111142155165

201192187208202

240231238218250

261241266285309

341360368419444433

Non-durablegoods

309

276233182177211

230266273261268

280321376429465

514583628656634

647705726732728

746768792805828

837849872891931

9841,0531,0821,1501,2221,292

Services

249

233210178160162

167177189187191

197210228250269

284320346373386

412440468501526

553585613643679

712735767806851

903960

1,0271,1031,1951,282

1958 dollars

Grossnationalproduct

1,671

1,4901,3641,154,126,220

.331,506,576,484,598

1,7201,9772,2082,4652,611

2,5382,2112,1502,2082,172

2,3422,4852,5172,5872,506

2,6502,6522,6422,5692,688

2,6992,7072,8412,9123,029

3.1813,3493,3993,5223,5773,516

Personalincome

1,274

1,1671,108

949921981

1,0681,1981,2361,1531,232

1,3031,4771,6631,8471,889

1,8701,7931,7031,7421,700

1,8101,8701,9181,9691,932

2,0272,0882,0982,0742,138

2,1572,1842,2622,3192,444

2,5502,6792,7692,9002,9993,032

Dispos-able

personalincome

1,236

1,1281,077

921893952

1,0351,1581,1871,1051,190

1,2591,4271,5821,6291,673

1,6421,6061,5131,5671,547

1,6461,6571,6781,7261,714

1,7951,8391,8441,8311,881

1,8831,9101,9692,0162,126

2,2392,3362,4042,4872,6352,595


Total

1,145

1,0591,016

919897934

9851,0801,1101,0791,131

1,1781,2401,1971,2131,238

1,3081,4391,4311,4381,451

1,6201,5091,6251,5721,575

1,6591,6731,6831,6661,735

1,7491,7561,8151,8671,948

2,0482,1282,1652,2572,3162,324

Durablegoods

134

10590676674

9211311794

111

126143877568

76146171179190

229204196221218

261244242218247

248239264284308

343366367405419397

Non-durablegoods

569

535528483466494

617573589593620

640674677685703

748784751741741

752755770780773

797810810805829

828833848867888

920952958982

1,0011,012

Services

443

418398367366364

376394403392401

412422434452467

484510509517520

539660669571584

601619631643660

673684703726763

786811841869897914

i U.S. population, including Armed Forces abroad.



Table 7.7.^Gross National Product: Percent Change From Preceding Period

43

Gross national product:Current dollars .Constant dollarsImplicit price deflatorChain price index

Gross private product:Current dollarsConstant dollars ..Implicit price deflatorChain price index _ _

1967 1968 1969 1970

Annual percent change

5.92.63.23.1

5.32.32.92.9

8.94.74.04.2

8.54.83.63.8

7.52.54.84.9

7.32.64.54.6

4.8-.65.55.3

4.2-.74.94.7

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV

Quarterly percent change, seasonally adjusted at annual rates

1.9-.92.82.3

.9-1.3

2.21.8

5.33.02.22.5

5.02.92.02.3

8.64.44.03.9

8.44.33.93.8

7.72.84.74.6

6.82.93.83.5

9.25.43.63.9

9.05.53.33.6

11.77.53.94.5

11.77.83.74.3

8.64.04.34.7

7.94.13.64.0

7.12.44.64.6

7.22.74.44.3

7.62.84.54.7

7.73.04.64.7

6.91.55.35.0

6.81.45.45.1

8.32.06.16.5

6.81.94.85.4

3.3-1.4

4.84.7

2.9-1.5

4.54.9

3.4-3.0

6.65.7

2.2-3.1

5.44.5

5.3.7

4.65.0

5.0.8

4.14.6

6.31.35.04.7

6.51.54.94.5

2.0-4.1

6.35.5

1.5-4.4

6.25.4

8.-Implicit Price DeflatorsTable 8.1.—Implicit Price Deflators for Gross National Product

[Index numbers. 1958=100]


Personal consumption expenditures.

Durable goodsNondurable goodsServices

Gross private domestic investment. .

Fixed investment

Nonresidential

StructuresProducers' durable equip-

mentResidential structures

NonfarmFarm _


Net exports of goods and services - .

ExportsImports

Government purchases of goods andservices . _

Federal.. _State and local

1967

117.59

114.4

100.3113.0122.2

115.9

113.8

124.0

109.3123.1

123.1122.6

109.7106.5

128.5

121.5136.4

1968

122.30

118.4

103.4117.1126.9

120.4

117.5

129.8

112.0129.7

129.8125.6

110.9107.7

135.1

126.5144.8

1969

128.21

123.5

106.0122.1133.2

126.4

123.0

141.1

115.1137.9

137.9133.2

114.7110.8

144.0

134.4153.9

1970

135.29

129.4

108.9127.7140.2

132.6

130.0

152.0

120.1142.4

142.5138.6

120.6119.2

157.3

148.6165.1

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV

Seasonally adjusted

116. 17

113.3

99.5112.0120.7

114.0

112.6

121.8

108.2119.8

119.7121.0

109.8106.9

126.5

120.5133.3

116.82

113.8

99.5112.5121.6

114.8

113.1

123.0

108.7121.5

121.5122.2

109.3106.3

127.2

120.3135.1

117.98

114.8

100.6113.4122.6

116.7

114.3

125.1

109.6124.8

124.8123.9

109.6106.9

128.9

121.2137.7

119.35

115.7

101.7114.1123.7

117.9

115.4

126.4

110.6125.6

125.6123.5

109.9105.9

131.2

123.9139.3

120.42

116.8

102.3115.4125.0

118.3

116.0

126.8

111.0126.2

126.2125.1

108.8106.7

132.5

124.8141.3

121.57

118.0

103.0116.6126.4

119.8

117.0

128.7

111.7128.7

128.7124.9

111.4108.2

133.6

125.0143.4

122.87

118.8

103.5117.6127.5

121.0

117.9

130.8

112.2131.5

131.6126.3

111.3107.8

136.2

127.4146.1

124.26

120.1

104.5118.8128.8

122.3

119.1

132.9

113.1132.4

132.5126.4

111.8108.2

138.1

128.9148.2

125.64

121.2

105.0119.8130.5

124.2

120.8

136.4

113.8135.5

135.6128.9

113.2108.8

139.7

129.9150.2

127.28

122.8

105.7121.5132.3

125.7

122.1

139.6

114.6137.6

137.7131.5

112.3109.3

142.2

132.1152.7

129.19

124.3

106.4122.9134.1

127.3

124.1

143.2

115.6139.2

139.3135.2

115.0110.8

146.0

137.0155.3

130.71

125.7

107. 0124.5135.7

128.1

125.1

144.9

116.5139.4

139.5137.0

118.2114.3

148.2

139.0157.2

132.82

127.3

107.6126.1137.4

129.8

127.0

146.9

118.1140.1

140.2136.6

119.2116.2

152.4

144.3160.0

134.32

128.7

108.2127.4139.3

131.2

128.6

149.6

119.3140.9

140.9138.5

119.8117.7

156.1

148.2163.1

135.97

129.9

109.2128.1141.0

133.3

130.7

154.1

120.6143.8

143.9139.4

121.6121.4

159.3

150.5166.8

138.07

131.7

110.8129.2143.1

136.2

133.6

157.9

122.6144.7

144.8140.0

121.7121.5

161.7

151.8170.2



Table 8.2.—Implicit Price Deflators for Gross National Product by Major Type of Product

[Index numbers, 1958=100]


Final sales

Goods output

Durable goods __Nondurable goods

Services

Structures .

Addendum : Gross auto product

1967

117.59

117.7

109.9

105.9112.7

127.1

124.7

99.6

1968

122.30

122.4

113.1

108.6116.4

133.4

131.1

102.6

1969

128.21

128.3

117.3

111.7121.4

140.9

140.9

104.5

1970

135.29

135.3

122.3

115.4127.0

150.1

150.2

107.9

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV

Seasonally adjusted

116. 17

116.3

109.0

105.0111.8

125.2

122.1

98.4

116.82

116.9

109.3

105.1112.3

126.3

123.4

98.3

117.98

118.1

110.1

106.0113.1

127.4

126.2

100.0

119.35

119.5

111.1

107.3113.8

129.3

127.2

101.6

120. 42

120.5

111.8

107.5115.0

130.9

127.8

101.9

121.57

121.7

112.7

108.2115.9

132.5

129.8

102.1

122.87

123.0

113.5

108.9116.8

134.3

132.6

102.8

124.26

124.4

114.4

109.9117.8

136.1

134.2

103.5

125.64

125.7

115.3

110.3119.1

137.8

137.1

103.5

127.28

127.4

116.7

111.2120.8

139.4

140.1

104.4

129. 19

129.4

117.9

112.3122.0

142.3

142.8

104.9

130. 71

130.8

119.2

113.1123.8

144.0

144.0

105.3

132. 82

132.8

120.7

114.0125.4

146.8

145.7

106.2

134.32

134.4

121.6

114.5126.6

149.2

147.9

106.6

135.97

136.0

122.6

115.8127.6

151.0

152.5

107.8

138. 07

138.2

124.1

117.5128.3

153.2

154.9

112.4

Table 8.3.—Implicit Price Deflators for Gross National Product byMajor Type of Product and Purchaser



Durable goods _ - _ _ _ _ _

Personal consumption expendituresProducers' durable equipment _ _ _ _ _ _ _ _

Government purchasesNet exports


Nondurable goods

Personal consumption expendituresG overnment purch ases _ _ _

Net exportsChange in business inventories

Services-

Personal consumption expendituresGovernment purchases

Net exports . _ _ _ _

Structures _ _ .. _ _ _ _ . -

Private structuresGovernment structures

1967

117. 59

105.9

100.3109.3

110.3

112.7

113.0106.5

127 1

122.2138.6

124.7

123 6127.2

1968

122 30

108.6

103.4112.0

113.4

116.4

117 1105.5

133 4

126.9148 9

131.1

129 7134.1

1969

128.21

111.7

106.0115.1

117 2

121.4

122 1108.8

140 9

133.2159 3

140.9

139 5144.3

1970

135. 29

115.4

108.9120.1

122.3

127.0

127.7114.9

150 1

140.2174 6

150.2

147 5157. 1

Table 8.5.—Implicit Price Deflators for Gross Farm Product

[Index numbers, 1958 = 100]

Total value o f farm output - _ _ _ _ _ _ _ _

Cash receipts from farm marketings and CCC loans

Farm products consumed directly in farm households. _

Change in farm inventories

Gross rental value of farm homes- - _ _ _

Less: Value of intermediate products consumed, total- _ -Intermediate products consumed, other than

rentsGross rents paid to nonfarm landlords (excluding

operating expenses) _ _ _ _ _ _

Plus; Other items

Equals: Gross farm product

1967

103.3

101.9

107. 5

134.3

103.8

103.9

102.6

102.8

102.8

1968

105.6

104.1

111.1

142.6

103.8

103.7

104.3

107.3

107.3

1969

111.5

109.4

118.9

158.6

107.0

107.5

102.3

115.5

115.5

1970

114.3

112.2

125.6

164.2

110.4

110.9

105.6

118.0

118.0

Table 8.4.—Implicit Price Deflators for Gross National Product by Sector

[Index numbers. 1958=100]

Gross national product _ _ _

Private _ _

Business

NonfarmFarm

Households and institutions

General government

1967

117.59

114.79

114.0

114.5102.8

147.5

147.6

1968

122.30

118.90

118.0

118.4107.3

159 4

159.1

1969

128.21

124.29

123.2

123.5115.5

172.8

171.1

1970

135.29

130.38

129.0

129.4118.0

186.8

188.7

1967

I II III IV

1968

I II III IV

1969

I II III IV

1970

I II III IV

Seasonally adjusted

116. 17

113.54

112.8

113.2102.0

144.5

116.82

114.09

113.3

113.8101.6

146.0

117.98

115.20

114.4

114.9103.6

147.7

119.35

116.28

115.5

116.0104.0

152.3

120. 42

117.24

116.3

116.8104.4

154.6

121.57

118.30

117.4

117.7107.6

156.9

122.87

119.35

118.4

118.8107.6

161.0

124.26

120. 65

119.7

120.0109.6

163.8

125. 64

122.00

121.0

121.4110.0

165.7

127.28

123. 60

122.5

122.7118.0

167.6

129. 19

125.07

123.9

124.3115.6

174.1

130.71

126. 47

125.2

125.5118.4

176.9

132.82

128. 13

126.8

126.8126.8

183.8

134.32

129.43

128.1

128.4120.0

187.5

135. 97

131.00

129.5

130.0116.8

190.4

138.07

132. 98

131.4

132.4108.4

193.2



Table 8.6.—-Implicit Price Deflators for Personal Consumption Table 8.7.—Implicit Price Deflators for Purchases of StructuresExpenditures by Type of Product by Type

[Index numbers, 1958=100] [Index numbers, 1958=100]

Personal consumption expenditures l

Durable goods ..

Autos and parts

New cars and net purchases of used carsTires, tubes, accessories, and parts.

Furniture and household equipment _ . . _

Furniture, including mattresses and bedspringsKitchen and other household appliances - ... ..China, glassware, tableware, and utensils, and other

durable house furnishingsRadio and television receivers, records, and musical

instruments

Other durable goods

Ophthalmic products and orthopedic appliancesWheel goods, durable toys, sport equipment, boats,

and pleasure aircraft

Nondurable goods - -

Food and beverages -

Food purchased for off-premise consumptionPurchased meals and beverages -Food furnished government (including military) and

commercial employees, and food produced andconsumed on farms -

Addenda* Food excluding alcoholic beveragesAlcoholic beverages

Clothing and shoes - --

Shoes and other footwear -Women's and children's clothing and accessoriesMen's and boys' clothing and accessories, and stand-

ard clothing issued to military personnel

Gasoline and oil . . -

Other nondurable goods ...

Tobacco products -Toilet articles and preparations .Semidurable house furnishingsCleaning and polishing preparations, and miscella-

neous household supplies and paper productsOther fuel and iceDrug preparations and sundriesNondurable toys and sport supplies - ...

Services

Housing

Owner-occupied nonfarm dwellings— space-rentalvalue - - - .. - -

Tenant-occupied nonfarm dwellings (including lodg-ing houses) — space rent

Rental value of farmhouses

Household operation services

ElectricityGas . . . -Water and other sanitary servicesTelephone ...Domestic service . _

Tranportation services .

User-operated transportation servicesPurchased local transportation

Street and electric railway and local bus _ _ ...Purchased intercity transportation . .. .. ...

Railway (excluding commutation) .Intercity busAirline . . . .

Other services

Shoe cleaning and repair ...... _ ... ...Cleaning, dyeing, pressing, alteration, storage, and

repair of garments including furs, and laundering,in establishments

Barbershops, beauty parlors, and bathsMedical care services

PhysiciansDentists.. .

Services furnished without payment by financialintermediaries except insurance companies .

Admissions to specified spectator amusements. _

1967

114.4

100.3

99 5

99 798 7

99 8

111 587 0

109 0

92 9

104 3

121 8

103 1

113.0

113 3

110 6124 4

113.6113 7110 9

115 6

125 8112.7

116 3

111.8

110 4

127 0102 4110 7

105 6112 897 5

101 6

122 2

113 2

112.3

112.3134.3

113.1

103 0112.8128 6102.0142.8

122.6

122 7139 3138 9109 0102 3117 2108 4

134 2

117 5

127 7129 4142 3141 9130 0

135.0163. 1

1968

118.4

103 4

102 6

102 7102 4

102 8

117 788 8

113 9

93 i

107 3

125 7

103 9

117 1

116 9

113 8129 6

114.3117 5113 0

122 3

132 6119.2

123 1

113 6

114 6

135 0105 5117 9

108 4116 397 7

105 5

126 9

116 1

115 0

115 0142 6

115 7

103 9113.9134 4102 0155 6

125 7

125 4146 7147 2112 1107 7123 2110 8

142 1

119 1

133 4136 5150 5149 9137 0

144 2175.9

1969

123 5

106 0

104 6

104 4105 5

105 6

124 5QQ 4

m A

93 5

111 8

131 1

105 4

122 1

121 9

118 6135 3

118 5123 3113 5

129 5

141 0125.9

130 9

117 4

118 3

143 8110 2123 7

110 6119 198 8

107 6

133 2

120 2

118 7

118 7158 6

118 2

105 9116 0143 4103 3163 8

132 1

131 1156 2159 0120 0117 1129 6119 0

152 1

120 7

140 8143 7161 2160 2146 6

166 2188 2

1970

129 4

108 9

m a

107 6109 6

107 7

1 OQ f\

92 2

120 8

93 3

115 3

138 2

106 8

127 7

128 2

124 6143 9

121 9130 0117 7

135 2

149 3130.9

136 7

118 8

123 9

154 6113 1127 3

116 3124 2100 9111 7

140 2

125 2

123 6

123 6164 2

122 0

109 4122 2154 5104 7176 3

143 8

142 4175 6186 9129 3130 0138 7128 5

162 2

126 3

148 2150 5173 0172 2155 2

192 7203 5

Total structures. ...... .. ... .. _. ...

Private structures. . .. ...

Residential structures... . . . . - - _ .New construction

Nonfarm buildingsFarm buildings

Brokers' commissions on sale of structures _Net purchases of used structures

Nonresidential structures . _

New constructionNonresidential buildings, excluding farm

Industrial . . . .CommercialReligious, educational, hospital and institutional,

and other . . . . . . . . . . .

Public utilities -RailroadsTelephone and telegraphElectric light and power . . -GasOther .

Farm . . . . . . . .. . .Petroleum and natural gas well drilling and ex-

ploration .All other private construction - . . . -

Brokers' commissions on sale of structuresNet purchases of used structures . . - - - -

Public structures. . . . . .

New construction . . . ......

Buildings, excluding military .. ..ResidentialIndustrial - . . .EducationalHospitalOther public buildings - .. . ..

Highways and streets - - - - - - - - -Military facilitiesConservation and developmentOther public construction

Sewer systemsWater supply facilities. - - - - - - - - - -Miscellaneous public construction

1967

124.8

123.6

123.1123.1123.1122.7

123.2123.2

124.0

124.0128.8121.1132.4

134.2

119.2

123.3

116.9

101.3138.4

125.4128.7

127.2

127.3

133.1129.1120.5134.1134.3134.1

116.1125.6137.8134.5134.4134.5134.5

1968

131.1

129.7

129.7129.7129.8125.8

129.7129.7

129.8

129.8136.0126.9139.1

142.1

122.8

125.8

120.0

107.7145.8

131.1136.4

134.1

134.2

140.6138.1126.4141.7141.6141.7

142.6131.6145.0141.5141.3141.5141.6

1969

141.0

139.5

137.9137.9138.0133.1

137.9137.9

141.1

141.1148.4139.6151.4

154.0

131.6

139.0

126.1

116.2159.7

143.3149.0

144.4

144.5

152.4149.1138.0153.5153.7153.7

130.7142.1158.2152.7152.7152.7152.8

1970

150.4

147.5

142.4142.4142.5138.8

142.3142.6

152.0

152.1160.8151.5164.4

164.4

140.3

146.3

134.9

131.4173.9

153.5161.0

157.4

157.8

162.9155.0151.7164.5164.5164.7

146.6156.3172.9167.3167.3167.0167.4

Table 8.8.—Implicit Price Deflators for Private PurchasesProducers' Durable Equipment by Type


of

1. Totals and subtotals include items not shown separately.


Purchases of new equipment- .- - ...Dealers' margins on used equipment (except passenger

cars)Net purchases of used equipment from governmentLess: Exports of used equipment -

Sale of equipment scrap (except passenger cars)

Total excluding scrap deduction

Furniture and fixtures .Fabricated metal productsEngines and turbines. - - - .. .Tractors

Agricultural machinery (except tractors) .Construction machineryMining and oilfield machineryMetalworking machinery . . - . .

Special-industry machinery, n.e.cGeneral industrial, including materials handling, equip-

mentOffice, computing, and accounting machineryService- industry machinesElectrical machinery -

Electrical transmission, distribution, and industrialapparatus

Communication equipmentOther electrical equipment

Trucks, buses, and truck trailersPassenger carsAircraft . . ...Ships and boats- .Railroad equipmentInstruments - ..Miscellaneous equipment

1967

109.3

109.3

107.1

111.1100.0

109.3

110.2107.4102.3122.1

123.5120.1112.7124.4

124.5

115.5104.8104.2104.3

102.5106.4100.8102.198.6

111.6107.6106.9113.998.8

1968

112.0

112.0

109.5

114.496.1

112.0

114.4110.2106. 4128.4

128.1126.4118.4129.7

125.2

119.3105.6107.4108.6

105.6112.2100.8105.3101.6114.1114.5110.0114.5101.6

1969

115.1

115.2

112.2

116.1116.2

115.1

119.1112.6113.1134.7

133.5132.4124.2134.2

131.7

125.0106.6110.6112.4

106.1118.6101.5108.4103.4117.9119.5116.8114.1103.5

1970

120.1

120.3

111.8

121.5131.8

120.2

126.1119.0122.6141.3

137.9140.0131.0141.6

138.2

131.8108.5114.6117.6

110.2124.4104.5113.9106.7124.0120.0122.0115.8106.5


46 SUKVEY OF CURRENT BUSINESS

SUMMARY NATIONAL INCOME AND PRODUCT SERIES, 1929-70

July 1971

Table A.—Gross National Product[Billions of dollars]

Year

19291930.193119321933__ _.19341935_ . . .193619371938. . . .193919401941.19421943194419451946.19471948194919501951195219531954195519561957.19581959 .196019611962.19631964196519661967 .196819691970

GNP

103.190.475.858.055.665.172.282.590.484.790.599.7

124.5157.9191.6210.1211.9208.5231.3257.6256.5284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7503.7520.1560.3590.5632.4684.9749.9793.9864.2929.1974.1


Total

77.269.960.548.645.851.355.761.966.563.966.870.880.688.599.3

108.3119.7143.4160.7173.6176.8191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2325.2335.2355.1375.0401.2432.8466.3492.1536.2579.6615.8

Durablegoods

9.27.25.53.63.54.25.16.36.95.76.77.89.66.96.66.78.0

15.820.422.724.630.529.629.333.232.839.638.940.837.944.345.344.249.553.959.266.370.873.184.089.988.6

Non-durablegoods

37.734.029.022.722.326.729.332.935.234.035.137.042.950.858.664.371.982.490.596.294.598.1

108.8114.0116.8118.3123.3129.3135.6140.2146.6151.3155.9162.6168.6178.7191.1206.9215.0230.8247.6264.7

Services

30.328.726.022.220.120.421.322.824.424.325.026.028.130.834.237.239.845.349.854.757.662.467.973.479.985.491.498.5

105.0112.0120.3128.7135.1143.0152.4163.3175.5188.6204.0221.3242.1262.5


Total

16.210.35.61.01.43.36.48.5

11.86.59.3

13.117.99.85.77.1

10.630.634.046.035.754.159.351.952.651.767.470.067.960.975.374.871.783.087.194.0

108.1121.4116.6126.0137.8135.3

Nonres-identialfixed in-vestment

10.68.35.02.72.43.24.15.67.35.45.97.59.56.05.06.8

10.117.023.426.925.127.931.831.634.233.638.143.746.441.645.148.447.051.754.361.171.381.683.388.898.6

102.1

Residen-tial struc-

tures

4.02.31.7.7.6.9

1.21.61.92.02.93.43.92.11.41.31.57.2

11.114.413.719.417.217.218.019.723.321.620.220.825.522.822.625.327.027.127.225.025.130.131.830.4

Change inbusinessinven-tories

1.7-.4

-1.1-2.5-1.6-.71.11.32.5q

'.4t2.24.51.8

-.6-1.0-1.0

6.4-.54.7

-3.16.8

10.33.1.4

-1.56.04.71.3

-1.54.83.62.06.05.95.89.6

14.88.27.17.42.8

Netexports

1.11.0.5.4.4.6.1.1.3

1.31.11.71.3.0

-2.0-1.8-.67.5

11.56.46.11.83.72.2.4

1.82.04.05.72.2.1

4.05.65.15.98.56.95.35.22.52.03.6

Government purchases ofgoods and services

Total

8.59.29.28.18.09.8

10.012.011.913.013.314.024.859.688.696.582.327.025.131.637.837.959.174.781.674.874.278.686.194.297.099.6

107.6117.1122.5128.7137.0156.8180.1199.6209.7219.4

Federal

1.31.41.51.52.03.02.94.94.75.45.16.0

16.951.981.189.074.217.212.516.520.118.437.751.857.047.444.145.649.553.653.753.557.463.464.265.266.977.890.798.899.297.2

Stateandlocal

7.27.87.76.66.06.87.17.07.27.68.28.07.97.77.47.58.19.8

12.615.017.719.521.522.924.627.430.133.036.640.643.346.150.253.758.263.570.179.089.4

100.8110.6122.2

Finalsales

101.490.777.060.557.265.871.281.287.985.690.197.5

120.1156.2192.2211.1213.0202.1231.8252.9259.6278.0318.1342.4364.1366.4392.0414.5439.8448.8478.9500.2518.1554.3584.6626.6675.3735.1785.7857.1921.7971.3

GNP in1958

prices

203.6183.5169.3144.2141.5154.3169.5193.0203.2192.9209.4227.2263.7297.8337.1361.3355.2312.6309.9323.7324.1355.3383.4395.1412.8407.0438.0446.1452.5447.3475.9487.7497.2529.8551.0581.1617.8658.1675.2706.6724.7720.0

GNPimplicit

pricedeflator(Index

numbers,1958=100)

50.649.344.840.239.342.242.642.744.543.943.243.947.253.056.858.259.766.774.679.679.180.285.687.588.389.690.994.097.5

100.0101.6103.3104.6105.8107.2108.8110.9113.9117.6122.3128.2135.3

Table B.—National Income and Disposition of Personal Income


Year

19291930 .19311932 . .193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965..1966196719681969. . .1970

Nationalincome

86.875.459.742.840.349.557.265.073.767.472.681.1

104.2137.1170.3182.6181.5181.9199.0224.2217.5241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0414.5427.3457.7481.9518.1564.3620.6653.6711.1763.7795.9

Com-pensation

of em-ployees

51.146.839.831.129.534.337.342.947.945.048.152.164.885.3

109.5121.2123.1117.9128.9141.1141.0154.6180.7195.3209.1208.0224.5243.1256.0257.8279.1294.2302.6323.6341.0365.7393.8435.5467.2514.6565.6601.9

Proprietors' income

Businessand

profes-sional

9.07.65.83.63.34.75.56.77.26.97.48.6

11.114.017.018.219.221.620.322.722.624.026.127.127.527.630.331.332.833.235.134.235.637.137.940.242.445.247.349.550.351.0

Farm

6.24.33.42.12.63.05.34.36.04.44.44.56.49.8

11.711.612.214.915.217.512.713.515.815.013.012.411.411.411.313.411.412.012.813.013.112.114.816.114.814.716.815.8

Rentalincome

ofpersons

5.44.83.82.72.01.71.71.82.12.62.72.93.54.55.15.45.66.67.18.08.49.4

10.311.512.713.613.914.314.815.415.615.816.016.717.118.019.020.021.121.222.623.3

Corporate profits and IVA

Total

10.57.02.0

-1.3-1.2

1.73.45.66.84.96.39.8

15.220.324.423.819.219.325.633.030.837.742.739.939.638.046.946.145.641.151.749.950.355.758.966.376.182.478.784.378.670.8

Profitsbefore

tax

10.03.7-.4

-2.31.02.33.66.36.84.07.0

10.017.721.525.124.119.724.631.535.228.942.643.938.940.638.348.648.847.241.452.149.750.355.459.466.877.884.279.887.684.275.4

Profitsaftertax

8.62.9-.9

-2.7.4

1.62.64.95.32.95.67.2

10.110.111.111.29.0

15.520.222.718.524.921.619.620.420.627.027.226.022.328.526.727.231.233.138.446.549.946.647.844.541.2

Netinterest

4.74.95.04.64.14.14.13.83.73.63.53.33.23.12.72.32.21.51.91.81.92.02.32.62.83.64.14.65.66.87.18.4

10.011.613.815.818.221.424.426.929.933.0

Personalincome

85.977.065.950.247.054.060.468.674.168.372.878.396.0

122.9151.3165.3171.1178.7191.3210.2207.2227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5401.0416.8442.6465.5497.5538.9587.2629.3688.9750.3803.6

Less;Personaltax andnontax

pay-ments

2.62.51.91.51.51.61.92.32.92.92.42.63.36.0

17.818.920.918.721.421.118.620.729.034.135.632.735.539.842.642.346.250.952.457.460.959.465.775.483.097.9

116.2115.9

Equals:Dispos-

ablepersonalincome

83.374.564.048.745.552.458.566.371.265.570.375.792.7

116.9133.5146.3150.2160.0169.8189.1188.6206.9226.6238.3252.6257.4275.3293.2308.5318.8337.3350.0364.4385.3404.6438.1473.2511.9546.3591.0634.2687.8

Less:Personaloutlays

79.171.161.449.346.552.056.462.767.464.867.771.881.789.3

100.1109.1120.7144.8162.5175.8179.2193.9209.3220.2234.3241.0259.5272.6287.8296.6318.3333.0343.3363.7384.7411.9444.8479.3506.0551.2596.3633.7

Equals:Personalsaving

4.23.42.6-.6-.9

.42.13.63.8.7

2.63.8

11.027.633.437.329.615.27.3

13.49.4

13.117.318.118.316.415.820.620.722.319.117.021.221.619.926.228.432.540.439.837.954.1

Personalsavingrate1

(percent)

5.04.64.1

-1.3-2.0

.73.75.45.31.13.75.1

11.823.625.025.519.79.54.37.15.06.37.67.67.26.45.77.06.77.05.64.95.85.64.96.06.06.47.46.76.07.9

Dispos-able

personalincome in

1958prices

150.6139.0133.7115.1112.2120.4131.8148."153.1143.6155.8166.2190.2213.4222.*231. e229.5227. (218. (229.*230. *249. (255.:263.1275.^278. i296. :309. J315. *318. i333. (340.'350.:367.3381.:407.!435.1458.!477. i499J513 J531J

1. Personal saving as a percent of disoosable nersonal ino


By BEATRICE N. VACCARA

An Input-Output Method for Long-Range Economic Projections

iNPUT-OUTPUT (I-O) methods arebeing applied increasingly to the studyof a variety of economic problems.These applications include measure-ment of the direct and indirect effectsof stipulated changes in the output ofone or more industries upon the outputsof all other industries; measurement ofthe effects on prices throughout theeconomy of changes in the costs orprices of one or more industries; assess-ment of markets for individual com-panies or industries, taking account ofindirect demand that reaches the com-pany or industry through a chain ofinterindustry repercussions; and calcu-lation of industry outputs consistentwith specified levels of gross nationalproduct (GNP).

An important use of the last-men-tioned application is in studies oflong-range economic pioblems. Typi-cally, such studies require projectionsof industry outputs under alternativeassumptions about the rate and patternof economic growth. The use of I-Omethods for long-term projections in-volves more comprehensive methodolo-gies than the other types of use. Itrequires (1) projection of GNP, (2)conversion of the projection into theform and detail of the I-O table, and(3) the calculation of industry outputs.

The methods necessary to cany outthis procedure are not set. They can beformulated in different ways, makingwidely different claims on the time,resources, and skills of those whodesign them and those who use them.This article describes one possiblemethod. This method is fairly simpleand its application does not requirelarge resources. The article evaluates

the adequacy of the method by compar-ing projected outputs with actual out-puts, and examines the causes of errorin order to identify the elements of themethod whose refinement is most likelyto impiove the results.1

Because this report evaluates themethod by comparing projected in-dustry outputs with actual outputs, theprojections must be for a past ratherthan a future year. 1968 was chosenbecause at the time the underlying re-search was undertaken it was the latestyear for which actual industry outputinformation was available. The projec-tions for 1968 were made from the van-tage point of the year 1963, chosenbecause it was the year in which the 1958I-O table became available.2

Methodology

The use of I-O techniques to makelong-range projections requires auxili-ary tools and supplementary informa-tion not contained in the typical I-Otables.3 These requirements correspondto the three stages of the procedureused for this study. The first stage isto derive projections of GNP and itsmajor components. The second is toexpress them in the industry detail andin the prices and valuation level of the

1. The article is part of the Federal Government's Inter-agency Growth Study Project. Guidance for this researchprogram is provided by an interagency steering committeeconsisting of representatives of the Office of Business Eco-nomics (OBE), the Bureau of Labor Statistics (BLS), theOffice of Management and Budget, and the Council ofEconomic Advisers. The committee is chaired by a memberof the council. Industry output projections for 1970 and1980 have been published by BLS; see Projections 1970, BLSBulletin No. 1636, December 1966, U.S. Government Print-ing Office, and Patterns of U.S. Economic Growth, BLSBulletin No. 1672,1970, U.S. Government Printing Office.

2. Although the table was not published until November1964, preliminary estimates were available in 1963.

3. For an explanation of the 1958 and 1963 I-O tables pre-pared by OBE and a brief account of I-O techniques, see theNovember 1964, September 1966, and November 1969 issuesof the SURVEY OF CURRENT BUSINESS.

I-O table. The third is to use an inverseI-O matrix to derive projections oftotal output of each I-O industry. Thethree stages of the procedure will bediscussed in turn.

Projecting GNP components

The first requirement for making1968 industry output projections was toproject GNP and its major componentsfive years ahead. For this purpose, an

CHART 3

Frequency Distribution of Percent Error inProjections of 1968 Industry Outputs

Number of Industries

5 10 15 20

PERCENT ERROR*

0-4.9

5-9.9

10-14.9

15-19.9

20-24.9

25 & over

* Ignoring signs

U.S. Department of Commerce, Office of Business Economics

47



econometric model developed for OBEby Lester C. Thurow was used.4 Thismodel, which is still in the formativestage, is designed to provide long-rangeprojections of the U.S. economy and toaid in the formulation of fiscal policiesthat would achieve given unemploy-ment targets.

Briefly stated, the model consists of29 functional equations and five iden-tities. The major exogenous variablesare population, the unemployment rate,exports, prices, and variables that areinstruments of Federal Governmentpolicy (e.g., tax rates, employee com-pensation and other purchases of goodsand services, transfer payments, andgrants-in-aid to State and localgovernments).

The model has a supply side and ademand side which are linked by a set ofincome flows. The supply and demandsides are estimated in constant dollars.Incomes are estimated in current dol-lars. Exogenous prices are used to movefrom one side of the model to the other.

Because both the unemployment rateand Government purchases are exog-enous, the supply and demand sidesneed not balance. A gap between GNPestimated from the supply side andGNP estimated from the demand sideindicates that the target unemploy-ment rate cannot be achieved unlessGovernment policies are changed.

The supply side of the model is usedto estimate the GNP associated with agiven unemployment target. Its .equa-tions determine the size of the laborforce, its division between private andpublic employment, average annualman-hours, and gross capital stock.These labor input and capital stockvariables are combined in a productionfunction which yields the supply-sideestimate of GNP.

A set of incomes is associated withthe supply-side GNP. Total incomenecessarily equals the supply-side GNP,but its distribution among persons,corporations, and government is in-fluenced by fiscal policies. The incomeequations of the model include numer-ous fiscal policy variables which areused to derive the distribution of totalincome.

Given the income flows, the demandequations estimate personal consump-

tion expenditures, residential invest-ment, business investment innonresidential structures, equipment,and inventories, imports, and State andlocal government purchases. Exportsare estimated exogenously because theydepend primarily on foreign economicconditions. Federal Government pur-chases of business products (goods andservices except employee compensation),the remaining element of final demand,are also exogenous. As an alternative,however, they can be determined resid-ually by subtracting all other demandcomponents of the GNP from totalGNP as estimated from the supplyside. In this study, the Governmentcomponent was derived in this residualfashion.

The model was used to generate 1968GNP and its major final demandcomponents using actual values for theexogenous variables. The use of fore-casts of these variables would havetested not only the errors generated bythe model but also those stemmingfrom inadequacies in the predictivepowers of the forecaster. All endogenous

variables, lagged and current, weregenerated by the model.

Projecting GNP components by I-Oindustry

Next, the demand components ofGNP were translated into a "bill ofgoods/' that is, the industry detail,prices, and valuation level used in theI-O table. The model distinguishes onlybroad GNP components and thus theconstruction of a bill of goods was acritical step. For example, the modelprovided only a global projection ofpersonal consumption expenditures; itdid not tell how these expenditureswere divided among food, clothing,shelter, recreation, etc., nor among thevarious industries that produce theseitems. The calculation of this detailwas part of the construction of the billof goods.

The 1958 industry composition ofGNP components is given in the finaldemand columns of the 1958 I-O table.They show, for each component ofGNP, the dollar values contributed byeach of the industries that make up the

Error in Projections of 1968 GNP and Its Components

-20 -15 -10

Percent

0 10 15

CHART 4

20

4. Lester C. Thurow, "A Fiscal Policy Model of the UnitedStates," SURVEY OF CURRENT BUSINESS, June 1969.

Personal Consumption

Producers' Durable Equipment

U.S. Department of Commerce, Office of Business EconomicsDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


economy. The percentage distributionof the entries in each final demandcolumn of the 1958 table was appliedto the 1968 projection of the appro-priate demand component of GNP, toderive the projections of 1968 finaldemand by I-O industry. These per-centage distributions are termed "bridgetables." 5

The bridge tables also served totranslate the projected GNP compo-nents, which are expressed in pur-chasers' prices, into producers' prices,the valuation level used in the I-Otable. They did so because the entriesin the I-O table, from which the bridgetables were derived, are at producers'prices. The trade and transportationcosts which constitute the differencebetween producers' and purchasers'prices appear in the I-O table asseparate inputs from the trade andtransportation rows to the final demandcolumns that show the purchase ofgoods with which these distributionservices are associated.

The derivation of a 1968 bill of goodsby the procedure just described assumesthat over the 1958-68 decade thereoccurred no marked change in theindustry composition of any of theGNP demand components that aredistinguished by the model. For exam-ple, the procedure assumes that in1968, as in 1958, 4.1 percent of totalbusiness outlays for equipment wouldbe accounted for by office, computing,and accounting machines. Even a hastylook at production statistics for thisindustry casts doubt on this assump-tion. Likewise, the procedure allocates2.5 percent of personal consumptionexpenditures to petroleum products—the same as in 1958, notwithstandingthe disproportionate growth in thenumber of passenger cars.

In spite of the possible obsoletenessof the bridge tables, lack of annual dataon the detailed industry composition ofGNP components precludes low cost al-

5. Because the model expressed the GNP components In1958 prices, i.e., the prices of the I-O table, the 1958 bridgetables could be applied directly to the projected GNPcomponents. If the model's projections had been expressedin the prices of some other year, it would have been necessaryfirst to convert them into 1958 prices before applying thebridge tables.

ternatives.6 However, in projecting theindustry composition of GNP compo-nents for 1968, it is possible to makeuse of bridge tables for 1947 as well asfor 1958.7 As can be seen from Ap-pendix Table 1, the 1947 bridge tablesdiffer markedly from the 1958 tables.Although it is questionable whether thedifferences between the 1947 and 1958tables can be regarded as representingonly trends, it was decided to utilizethese differences to develop an alterna-tive procedure for deriving the 1968 billof goods. In this alternative procedure,the 1958 bridge tables were modified toreflect continuation to 1968 of the 1947-58 average annual rate of change inthese bridge table entries.8 (See the"projected 1968" bridge tables in Ap-pendix Table 1.)

Projecting industry outputs

The final step in the procedure wasto multiply the two alternative 1968bills of goods by an I-O inverse (totalrequirements) matrix to derive the totaloutputs required from each industry tosupply the bills of goods. The entriesin such a matrix measure the outputrequired directly and indirectly fromeach of the industries to produce onedollar of final output of any industrythat is specified.9 The inverse matrixused reflected 1958 input coefficients,i.e., the proportions in which the variousindustries contributed to the output ofany given industry in 1958. Ideally, thismatrix should incorporate 1968 coeffi-cients, which might be very differentfrom those that existed in 1958.

6. The BLS projections for 1970 and 1980, to which refer-ence has been made, were based on more refined assumptions.For example, the projections of personal consumption ex-penditures were based on regression analyses which relateper capita consumer expenditures for about 80 categories tototal consumption, both current and lagged, lagged con-sumption for the particular expenditure category, and rela-tive prices. See Hendrik Houthakker and Lester D. Taylor,Consumer Demand in the United States, 1929-1970, Cambridge,1966.

7. The 1947 bridge tables were derived from 1947 I-O tablescompiled by BLS. These tables were reworked by OBE tomake them conceptually and statistically consistent withthe 1958 tables and revalued to reflect 1958 producers' prices.

8. Modifications were made only for industries which ac-counted for at least 0.5 percent of a given final demandcategory in 1947 and for which the 1947-58 trend was at least0.01 percent per year. Because of noncomparabilities betweenthe 1947 and 1958 I-O tables, it was necessary to combineI-O industries 16, 17 and 19; 24 and 25; 56 and 57; and 13 and60, and to eliminate 82 from the 1958 final demand column.The trend-adjusted percentage distributions were forced toadd to 100 percent.

9. An inverse derived from a domestic base table was used.In such a table the domestic port values fo transferred im-ports are shown as a negative final demand column. In atotal base table these imports are shown as a row. A domesticbase inverse was used mainly because the 1968 industry out-puts with which the projected outputs were compared rep-resented domestic rather than total outputs.

Input coefficients change for manyreasons. The introduction of newproducts and the disappearance ofexisting ones, changes in the manner inwhich products are produced, andchanges in the relative importance ofvarious products all can lead to changesin these coefficients.

Technological progress is animportant cause of coefficient change.Changes in the scale of production,including utilization of existing capacityas well as long-term extensions orcurtailments in the scale of operationswhich occur in response to changes insupply and demand, can also altercoefficients. So can substitutions, in-duced by changes in supply anddemand, that are made among inter-mediate products, labor, and capital.Even if coefficients for given productsremain the same, changes in the propor-tions in which the given products areproduced, including changes in theirgeographical origin, can affect thecoefficients, because these coefficientsare in effect weighted averages thatreflect the product mix of the industriesspecified in the I-O tables.

It is difficult to make a systematicand exhaustive list of the "real" factorsthat can cause changes in coefficients.For instance, Government regulation,not hitherto mentioned, is probably asignificant source of change. In addition,there are factors stemming from statis-tical procedures, such as those relatedto conventions used in handling second-ary products and imports in theconstruction of I-O tables, and thestatistical errors to which these tablesare subject.

The foregoing suggests that theprojection of coefficient change is adifficult task. Empirical work done atOBE has confirmed this suggestion.Comparison of coefficients for the years1947 and 1958 10 revealed many changes.They ranged from a decrease of 95percent in the input coefficient of coalinto the transportation industry, to an

10. Beatrice N. Vaccara, "Changes Over Time in Input-Output Coefficients for the United States," Applications ofInput-Output Analysis, Volume 2, Amsterdam, 1970; andBeatrice N. Vaccara, Changes Over Time in U.S. Input-Output Relationships, U.S. Department of Commerce, Officeof Business Economics, July 1969 (mimeographed).



increase of 213 percent in the inputcoefficient of rubber and miscellaneousplastic products into the householdfurniture industry. Not all cases wereso extreme, but coefficients changedmarkedly, both in degree and direction,on a broad front.

It was evident that without anextensive analysis of the causes ofcoefficient change, it would be impos-sible to construct a matrix incorporatingprojections of individual coefficientsto 1968.11 Consequently, a decision wasmade to use, as a first approximation,the 1958 inverse matrix without mod-ification, Reliance was placed on theoften expressed proposition that in anindustrial economy as large and long-established as that of the UnitedStates, changes in the coefficients forentire industries tend to occur slowly.For example, introduction of superiorproduction processes does not affect theentire industry simultaneously, becauseexisting capacity in good working orderis rarely scrapped immediately. Rather,these processes spread gradually, asindustrial capacity is extended or asaging capacity is discarded at a some-what faster rate. For example, at theend of 1968, only 37 percent of U.S.steel-making capacity relied upon thebasic oxygen furnace, although thisfurnace was perfected by 1954.12

It appeared likely, however, thatuse of the 1958 inverse matrix wouldlead to substantial errors, and analternative technique, designed to allowfor coefficient change, was tried. Com-parison of the 1947 and 1958 coefficientsrevealed that consumption of a giveninput per unit of output tended tochange in the same direction for allthe using industries. For example,almost all the coefficients along theiron and steel industry row of thedirect requirements matrix showed de-creases between 1947 and 1958. Therewere substantial variations in the rateof decrease, however: use of iron and

11. The 1970 and 1980 BLS projections of industry outputwere based on detailed projections of 1970 and 1980 inputcoefficients utilizing information on past and expecteddevelopments. See 1970 Input-Output Coefficients, U.S.Department of Labor, BLS Report No. 326, September 1967,and Patterns of U.S. Economic Growth, BLS Bulletin No.1672, 1970.

12. Steel Facts, December-January 1969.

steel products per dollar of new con-struction declined 18 percent, whereasthe use of such products per dollar ofaircraft and ordnance production de-clined 62 percent. Moreover, not allthe rows showed patterns as systematicas that for the iron and steel industry.In some rows, there were instances ofcoefficient change in the directionopposite to the average, and theseopposite movements were not confinedto the coefficients for small customersnor to producing industries with smallaverage changes.

In spite of their imperfections, therow patterns seemed to suggest asummary adjustment for coefficientchange. To derive this summary ad-justment, the 1958 bill of goods wasmultiplied by the 1947 inverse; then1958 intermediate outputs were derivedby subtracting from each industry'stotal output, thus calculated, the in-dustry's 1958 final demand. The actual1958 industry intermediate outputswere expressed as percentages of thederived intermediate outputs. Thesepercentages measured the errors inintermediate outputs which stemmedfrom the failure to take into accountchanges in coefficients from 1947 to1958.

Ignoring signs and without weighting,the 71 producing industries examinedshowed an average difference of 30percent between the intermediate out-put actually required to produce the1958 bill of goods and the intermediateoutput derived by using the 1947inverse. When annual rates of change,rather than total change over theperiod, were computed for the 71industries, the average (without regardto sign) was 2.3 percent per year. Theannual rates of change for individualindustries varied considerably. Someindustries, for instance petroleum re-fining and electric wiring and lightingequipment, showed virtually no change.Office, computing, and accounting ma-chines showed an inciease of 15.2 per-cent per year. Coal mining registered adecrease of 5.5 percent. Of the 71industries examined, 28 had averageannual changes in intermediate output

of 2 percent or more, 12 negative and16 positive.

It was decided to adjust for theimpact of coefficient changes in onlya limited number of industries. Adjust-ments were made only for industriesthat showed changes in the intermediateoutput requirement of at least 2.0percent per year. For example, theaverage annual increase of 15.2 percentnoted above for the office, computing,and accounting machines industry wasassumed to continue for 10 years;therefore, the 1968 intermediate outputfor this industry derived by using the1958 inverse was multiplied by 4.1.(See Appendix Table 2.)

Summary of Estimating Procedure

It may be worthwhile to summarizethe steps taken to project 1968 outputsby I-O industry. First, projections of1968 GNP and its major components(in 1958 prices) were derived by use ofthe model. Second, these final demandcomponents were allocated among theindustries shown in the 1958 I-O tableby use of two alternative sets of bridgetables; a set using actual 1958 dataand a set that allowed for a continua-tion to 1968 of the 1947-58 averageannual rates of change in the tableentries. Third, the two 1968 bills ofgoods resulting from the applicationof the bridge tables were multipliedby the 1958 inverse matrix to yieldestimates of total 1968 output by I-Oindustry. In addition, for selectedindustries, intermediate output (totaloutput less final demand) derived fromthis calculation was adjusted to allowfor a continuation of the 1947-1958impact of coefficient change.13

The four alternative projections of

13. The procedure actually used was somewhat morecomplicated. The 3-step procedure summarized above wasused to derive preliminary projections of industry outputsfor both 1963 and 1968. The indicated 1963-68 percentagechanges were then applied to actual 1963 outputs to yieldthe final projections of 1968 industry outputs. This procedure,which permitted utilization of the latest available informa-tion on output by I-O industry, resulted in somewhat better1968 projections than a procedure which used the 1958 inversematrix to determine 1968 outputs directly. The 1963 data onoutput by I-O industry were prepared as part of OBE'scontinuing I-O work.

It should be noted that in the year 1963, the vantage pointfrom which the projections in this article were made, thelatest industry output data that could have been preparedwould have been for the year 1962 rather than 1963. Thepreparation of such data for 1962 would have required con-siderable additional effort. It was decided not to expend thiseffort because the 1968 projections would not have differedsignificantly if percentage changes had been computed from1962 rather than from 1963.


July ion SURVEY OF CURRENT BUSINESS 51

1968 industry outputs were comparedwith estimates of actual 1968 outputsand the percentage differences betweenprojected and actual outputs werecomputed. Because of incomplete in-formation about actual 1968 outputs,the comparison of projected and actual

outputs was confined to manufacturing,mining, agriculture, and trade. Insome cases, it was necessary to com-bine industry output projections tomake them comparable to the estimatesof actual outputs; in all, comparisonsfor 51 industry groups were made.

Evaluation of 1968 Projections

DIFFERENCES between projected andactual 1968 industry outputs can resultfrom deficiencies (1) in the model usedto project the GNP components, (2) inthe bridge tables used to convert thesecomponents into bills of goods, and/or(3) in the techniques for derivingindustry outputs corresponding to givenbills of goods. In addition, some of thedifferences between projected and actualoutputs may result from errors in the"actual" 1968 outputs, which are sub-ject to error because of deficiences inthe source data on which they rely.Particular difficulties were encounteredin matching available actual data withI-O industry definitions and in con-verting the 1968 value of shipments into1958 prices.

Effectiveness of methodological re-finements

The actual 1968 outputs, the fouralternative projected outputs, and thepercentage differences between pro-jected and actual outputs for the 51industries studied are shown in table 1.For each alternative, average errors forthe 51 industries are also shown. Theseaverages were computed without regardto sign, and on an unweighted basis aswell as with industry outputs as weights.

The weighted average error in the1968 projections based on the use ofthe 1958 bridge tables and the 1958inverse was 10.3 percent. The jointeffect of the methodological refinementsin the bridge tables and in the use of the1958 matrix reduced this error 2.5percentage points, to 7.8 percent. On

an unweighted basis, the correspondingfigures were 10.6 percent. 1.5 percentagepoints, and 9.1 percent. Thus, introduc-tion of the refinements had a muchlarger impact in reducing the weightedthan the unweighted error. In otherwords, the size of the improvementsstemming from the refinements wascorrelated positively with industry size.

The array of average errors can beused to gauge the separate contributionsof the two methodological refinements.The contribution of the bridge tablerefinement can be assessed in two ways:by calculating the error reduction dueto its introduction into the projectionsthat use the 1958 inverse matrix with-out modification, or into the projectionsthat use the 1958 inverse with adjust-ment for coefficient change. Similarly,there are two ways of measuring theeffect of introducing the refined use ofthe 1958 inverse: by calculating theerror reduction due to its introductioninto the projections that use the 1958bridge tables, or into the projectionsthat use the adjusted bridge tables. Intable 2, the average errors calculated intable 1 are arrayed and differenced toderive the separate contributions of thetwo methodological refinements.14

As can be seen from table 2, theweighted error measure indicates thatthe bridge table refinement was a moreimportant source of improvement thanthe refinement in the use of the 1958inverse: 1.8 as compared with 1.4 per-

14. Readers should note two characteristics of this "factor-ing" technique. First, the two measures of the contributionof a given refinement differ. Second, when properly paired,the separate contributions of the two refinements do notequal the total change in the projection error.

centage points, or 1.1 as compared with0.7 percentage points, depending on thevariant chosen

The unweighted error measure con-veys the opposite message One pair ofcomparisons suggests that the refine-ment in the use of the 1958 inverse con-tributed 1.8 percentage points to theimprovement, as compared with 0.6 per-centage points contributed by the bridgetable refinement. The other pair sug-gests that the refinement in the use ofthe 1958 inverse contributed 0.9 per-centage points, whereas the bridge tablerefinement actually increased the errorby 0.3 percentage points.

It can be seen that the magnitude ofthe improvement attributable to therefinement in the use of the 1958 inverseis of the same order of magnitude in theweighted and the unweighted error cal-culations. It is the contribution of thebridge table refinement that shrinks ifwe substitute unweighted for weightederror measures. This suggests that thesize of the improvements stemming fromthe bridge table refinement was stronglycorrelated with industry size.

The difference in the impact of thetwo refinements may be related to thefact that the criterion for the introduc-tion of the adjustment for coefficientchange was much stricter than that forthe introduction of the bridge tablerefinement. Projected 1968 intermediateoutputs were adjusted for coefficientchange only in industries in which the1947-58 change in intermediate outputrequirements was 2 percent or more peryear. Adjustments to the 1958 bridgetable percentages were made wheneverthe 1947-58 trend was 0.01 percent ormore per year.

In spite of the general improvementdue to the methodological refinements,the I-O method, as applied, resulted insizable errors in the projections of in-dustry outputs (Chart 3, p. 47). For 23of the 51 industries the error was 10percent or more. For four industries—tobacco manufacturers, wooden con-tainers, rubber and miscellaneous plas-tics products, and optical, ophthalmic,



Table 1.—Comparison of Actual and Projected 1968 Industry Outputs

July 1971

I-O industry number and title

1 Livestock and livestock products2 0 ther agricultural products5 Q Metal mining . . -7 Coal mining8 Crude petroleum and natural gas

9 10 Mining of nonmetallic minerals (exc fuels)11 New construction1 2 Maintenance and repair construction _14 Food and kindred products1 5 Tobacco manufactures

16 17 18 19 Textile mill products and apparel20 Lumber and wood products, exc. containers21 Wooden containers22 Household furniture23 Other furniture and fixtures

24 Paper and allied products, except containers and boxes25 Paperboard containers and boxes .26 Printing and publishing27,28 Chemicals, plastics and synthetic materials29 Drugs, cleaning and toilet preparations

30 Paints and allied products31 Petroleum refining and related industries32 Rubber and miscellaneous plastics products33,34 Leather and leather products . _.35 36 Stone, clay and glass products

37 Primary iron and steel manufacturing38 Primary nonferrous metals manufacturing39 Metal containers40 Heating, plumbing and fabricated structural metal products41, 42 Screw machine products, metal stampings and other fabricated metal products..

43 Engines and turbines44 Farm machinery and equipment45,46 Construction, mining and materials handling machinery47 Metalworking machinery and equipment48 Special industry machinery and equipment

49 General industrial machinery and equipment50 Machine shop products.51 Office, computing and accounting machines52 Service industry machines.53 Electric transmission and distribution equipment and electrical industrial

apparatus

54 Household appliances55 Electric lighting and wiring equipment56, 57 Radio, television and communication equipment, electronic components58 Miscellaneous electrical machinery, equipment and supplies59 Motor vehicles and equipment ..

60,13 Aircraft and ordnance _ .61 Other transportation equipment62 Professional, scientific and controlling instruments and supplies63 Optical, ophthalmic, and photographic equipment and supplies64 Miscellaneous manufacturing69 Wholesale and retail trade ..

Total

Average:Unweighted

Weighted by output ._

Actualoutput

(millionsof 1958dollars)

(1)

31, 37326,9042,3353,338

12, 788

2,88566, 24220, 36788,0067,070

47,00211,501

5785,0022,468

16, 5926,790

20,46936, 64812, 799

3,18627, 19917,3034,675

14,621

30,74616, 7383,126

12,72818, 629

4,0883,8576,9456,2014,862

7,2823,762

10,6546,566

9,766

7,3123,827

27,7142,862

47, 162

34, 3486,5396,0754,5558,508

146,852

929,845

Projected outputs (millions of 1958 dollars)

1958 bridge tables

1958inversematrix

(2)

38, 04432,5022, 6253,858

13, 922

3,01776, 35925, 16894, 9229,255

47, 10712,475

5445,0362,731

15,6896,122

19, 29431, 16112, 081

3,22227,84513,8895,108

15,760

31,76216,7003,057

12,26617,201

3,4254,0867,6076,4424,942

7,3382,8825,4305,391

9,564

6,7963,772

23, 0722,866

54, 291

23,8976,5155,3323,0088,674

150, 722

944, 774

Refineduse of

matrix*

(3)

38, 04432,5022,6253,233

13, 922

3,01776, 35922, 62094. 9229,034

47,77112,475

4205,0362,682

15,6896,122

19, 29437, 19313, 023

3,22227, 84513,8895,108

15,760

27, 78916, 7003,057

12, 26616, 643

3,4254,0867,6076,4424,942

7,3383,9348,1875,391

10,272

7,4683,772

28, 7162,866

54,291

23, 8976, 5155,8343,1998,674

150, 722

955,840

Refined bridge tables

1958inversematrix

(4)

35,47630, 2182,6013,692

14, 358

3,00475, 69723,65488,3008,707

43,09812, 134

5204,7582,772

15, 6166,074

18,56530, 28113,396

3,09929,56913, 2554,320

15, 455

30, 88716,9042,920

12, 57116,983

3,9614,0247,1206,1744,205

7,0503,0336,1835,349

9,281

6,2863,706

25, 9912,756

54, 371

27,5195,6955,5932,8538,117

147, 150

925,301

Refineduse of

matrix*

(5)

35,47630, 2182,6013,001

14, 358

3,00475,69720, 88488,3008,493

43,72712, 134

4004,7582,725

15, 6166,074

18,56536, 09214, 235

3,09929,56913, 2554,320

15, 455

26, 81916,9042,920

12, 57116, 412

3,9614,0247,1206,1744,205

7,0504,1588,7865,349

10, 029

7,0463,706

31,6882,756

54, 371

27, 5195,6956,0953,0608,117

147, 150

935,741

Percent error in projected outputs

1958 bridge tables

1958inversematrix

(6)

21.320.812.415.68.9

4.615.323.67.9

30.9

.28.5

-5.9.7

10.7

-5.4-9.8-5.7

-15.0-5.6

1.12.4

-19.79.37.8

3.3-.2

-2.2-3.6-7.7

-16.25.99.53.91.6

.8-23.4-49.0-17.9

-2.1

-7.1-1.4

-16.7.1

15.1

-30.4-.4

-12.2-34.0

2.02.6

Refineduse of

matrix*

(7)

21.320.812.4

-3.18.9

4.615.311.17.9

27.8

1.68.5

-27.3.7

8.7

-5.4-9.8-5.7

1.51.8

1.12.4

-19.79.37.8

-9.6-.2

-2.2-3.6

-10.7

-16.25.99.53.91.6

.84.6

-23.2-17.9

5.2

2.1-1.4

3.6.1

15.1

-30.4-.4

-4.0-29.8

2.02.6

Refined bridge tables

1958inversematrix

(8)

13.112.311.410.612.3

4.114.316.1

.323.2

-8.35.5

-10.0-4.912.3

-5.9-10.5-9.3

-17.44.7

-2.78.7

-23.4-7.6

5.7

.51.0

-6.6-1.2-8.8

-3.14.32.5-.4

-13.5

-3.2-19.4-42.0-18.5

-5.0

-14.0-3.2-6.2-3.715.3

-19.9-12.9-7.9

-37.4-4.6

.2

Refineduse ofmatrix

(9)

13.112.311.4

-10.112. ?

4.114.32.5.3

20.1

-7.05.5

-30.8-4.910,4

-5.9-10.5-9.3-1.511.2

-2.78.7

-23.4-7.6

5.7

-12.81.0

-6.6-1.2

-11.9

-3.14.32.5-.4

-13. f

-3.210.5

-17.5-18.5

2.7

-3.6-3.214.3

-3.715.3

-19. C-12.9

.3-32.8-4.6

.2

Error (ignoring signs)

538.4

10.6

10.3

451.1

8.8

8.9

509.9

10.0

8.5

466.1

9.1

7.8

*Values in italics indicate that the intermediate output of these industries was adjusted for coefficient change.Source: U.S. Department of Commerce, Office of Business Economics.



and photographic equipment and sup-plies—the error was over 20 percent.

Sources of error in output projections

As has been stated, the errors in the1968 industry output projections aredue to errors in the GNP projections,in the bridge tables, and/or in the inputcoefficients. Unfortunately, it is notpossible to isolate the error due to eachof these factors. To do that wouldrequire the actual 1968 GNP compo-nents, the actual 1968 bridge tables, andthe actual 1968 inverse matrix. Only theactual 1968 GNP components areknown The errors in the output pro-jections that stem from errors in theGNP projection can be measured bysubstituting actual for projected GNPcomponents in deriving industry outputprojections and comparing the errors inthe new projections with the errors inthe prior projections.

Substitution of actual for projectedGNP components reduced the errors inthe output projections only slightly.The weighted average error was reducedfrom 7.8 to 7.1 percent and the un-weighted average from 9.1 to 8.8percent. The small size of the improve-ment was due in part to the fact thatthe model performed well in projectingtotal GNP for 1968; it might notperform so well for other years.

Table 2.—Average Percentage Error in 1968Industry Output Projections and ChangeDue to Refinements in 1958 Bridge Tablesand in Use of 1958 Inverse Matrix

Method

.958 bridgeRefined bridge

Jhange due to bridgerefinement

958 bridge. ..lefined bridge

Change due to bridgerefinement

Output-weighted error*

1958matrix

10.38.5

-1.8

Kenneduse ofmatrix

8.97.8

-1.1

Changedue torefinedmatrix

use

-1.4-.7

Unweighted error*

10.610.0

-.6

8.89.1

.3

-1.8-.9

The error in projecting 1968 GNP(in 1958 prices) was $3.7 billion, anoverstatement of only one-half of onepercent.15 Personal consumption ex-penditures and producers' durableequipment were projected quite ac-curately but there were considerablylarger errors in the remaining compo-nents (Chart 4, p. 48). New constructionwas overstated about 15 percent, and im-ports and State and local governmentpurchases were seriously understated.Because the pluses and minuses werenot fully offsetting, the residual esti-mate of Federal Government purchaseswas also in error.

For a few industries, the GNPprojection was a substantial source oferror. As might be expected, these wereindustries whose output was determinedprimarily by GNP components thatwere projected poorly. Construction isan outstanding example. Aircraft andordnance is another. The output of thisindustry was understated 19.9 percent.This was attributable in large part tothe fact that 78 percent of the totalfinal demand for this industry repre-sented sales to the Federal Govern-ment, a GNP component that wasseriously understated. When actual1968 values of GNP components wereused, the output of this industry wasunderstated only 7.1 percent.

It appears from the above analysisthat the bulk of the error in the 1968industry output projections is attri-butable to deficiencies (1) in the bridgetables used to translate GNP compo-nents into a bill of goods and (2) in thetechniques involving the 1958 inversematrix that were used to derive industryoutputs from the bill of goods.16 How-ever, this assignment of responsibilitiesshould not be applied out of context.If a model had been used that projectedGNP components in greater detail, theerror attributable to bridge tables wouldhave been smaller. On the other hand,

it is very probable that the contributionof model error would have been larger.17

Comparison with crude alternatives

Thus far, the techniques of projectingindustry output discussed in this reporthave been evaluated without referenceto alternative techniques. A compre-hensive comparison of I-O techniqueswith alternative techniques is underwayat OBE. Only one simple comparisonwill be made here with the GNP blow-up method, a,frequently used methodwhich assumes that all industry out-puts will change in the same proportionas total GNP.

In 1963, the starting point for the1968 projections, the full employmentgrowth rate of the U.S. economy wasestimated as 3.5 percent per year bythe Council of Economic Advisers. TheCouncil also estimated that the actual1963 GNP (in 1958 prices) was $27billion below potential GNP.18 Appli-cation of the 3.5 percent growth rateto the 1963 potential GNP of $578billion (in 1958 prices) yields a potential1968 GNP of $686.2 billion, or 124.5percent of actual 1963 GNP. The GNPblow-up method would thus project the1968 output level for each industry at124.5 percent of its actual 1963 value.

This method of projecting industryoutputs results in higher average errorsthan the "refined" I-O method used inthis study. The weighted and un-weighted average errors for the GNPblow-up method were 10.1 and 12.2percent, respectively, compared to 7.8and 9.1 percent for the I-O method.The GNP blow-up method resulted insmaller errors for 16 industries. For 30industries, the errors were larger; for5 industries, they were virtually thesame. The blow-up method resulted inerrors of over 20 percent for 9 industries,as compared with 4 such industries

* Ignoring signs.Source: U.S. Department of Commerce, Office of Business

Economics.

15. All exogenous variables were inserted into the model attheir actual values in calculating the errors in forecasting1968 GNP. Thus, the errors measure what in technicalparlance is called "model" error. In making true projections,the exogenous variables are not known. Errors in the pro-jections of these variables become an additional source oferror.

16. This statement should be read in the context of thepreviously stated qualification that the "actual" outputs for1968 are themselves subject to error.

17. Although the errors contributed by deficiencies in thebridge tables and in the input coefficients cannot be sep-arated, an attempt was made to gain some insight into theirrelative importance. This was done by separating industriesselling primarily to final demand from those selling primarilyto other industries and those selling to both. Weighted aswell as unweighted average errors for the three groups werecompared. These comparisons however, did not shed lighton the relative contributions of the bridge tables and coeffi-cients to the errors.

18. Economic Report of the President, January 1964,p. 37.



APPENDIX Table 1.—I-O Bridge Tables for Major GNP[Per


Industrynumber

12345

6789

10

111213*1415

16*17*1819*20

21222824*25*

2627282930

3132333435

3637383940

4142434445

4647484950

5152535455

56*57*585960*

6162636465

6667686970

7172737475

7677787980

8182838485

8687

1947

0.901.78.16

.43

.03

.01

.0817.251.73

.53

.293.93.34.28

.90

.04

.15

.10

1.13.08

.83

.02

1.49.59

1.22.12

.13

.05

.05

.02

.13

.18

.19

.02

.01

.04

.01

.01

.02

.02

.01

.95

.15

.32

.11

.122.34.01

.23

.31

.121.055.21

.93

.011.82

21.293.76

10.603.711.18

1.33

1.895.33.19.04.61

-.46

1.55

100.00

1958

0.73.84.10

.09

.01

.0515.781.47

.25

.263.85.38.05

.83

.04

.29

.01

.84

.07

1.28.01

2.50.45

.90

.04

.07

.01

.02

.09

.13

.04

.01

.01

.02

.09

.01

.83

.11

.47

.05

.093.17.01

.25

.12

.16

.872.99

1.35

2.7821.224.07

13.783.26.65

1.51

1.127.05.22.11

1.33

-.40

1.21

100.00

Projected1968

0.55.40.10

.09

.01

.0513.161.16

.18

.193.43.27.05

.70

.04

.29

.01

.59

.07

1.72.01

3.64.33

.63

.04

.07

.01

.02

.09

.13

.04

.01

.01

.02

.09

.01

.67

.11

.47

.05

.093.81.01

.25

.12

.16

.671.68

1.72

3.7121.224.07

15.912.63.36

1.55

.658.29.22.11

2.45

-.40

1.21

100.00

Producers' durable equipment

1947

0.06

.01

.01

.09

.13

.06

.392.72.01

.05

.09

.15

.01

.171.67

.02

.70

.975.935.59

2.194.978.284.45

2.353.226.57.67.19

2.91.35.31

18.37.97

6.161.42.39.74

2.53

1.23

11.36

.06

1.48

100.00

1958

.18

.20

.503.19

.21

.02

.042.83

.662.306.675.27

1.414.615.874.20

4.063.826.46.37.10

4.03.11.33

14.281.43

4.712.13.65

1.112.03

1.45

14.96

.06

-.07

100.00

Projected1968

.18

.02

.503.38

.21

.02

.044.17

.584.626.804.58

.883.933.963.64

6.104.095.78.20.10

4.58.13.33

10.491.85

3.432.82.65

1.471.51

1.53

17.44

.06

-.07

100.00


1947

94.00

1.70

4.30

100.00

1958

99.40

1.20

-.60

100.00

Projected1968

99.40

1.20

-.60

100.00


1947

95.50

4.50

100.00

1958

98.10

5.30

-3.40

100.00

Projected1968

98.10

5.30

-3.40

100.00

Exports of goods and services

1947

0.096.82.20

.07

.221.92.62.04.19

.087.841.12

2.83.49.87.20.77

.04

.12

.06

.71

.15

.421.73.41.81.19

2.731.03.12.24.48

.585.001.72.14.56

.371.06.96

1.182.34

.431.492.00.91.01

.46

.37

.97

.48

.42

.51

.21

.285.83.76

1.88.63.39.70

14.00

.18

4.60.45

.24

.54

.67

.04

.96

3.21

8.86

100.00

1958

0.167.72.13.01.17

.021.41.12.10.23

.01

.075.531.86

.89

.20

.60

.08

.47

.01

.06

.081.11.08

.402.881.441.38.11

2.79.90.12.15.29

.432.281.30.11.96

.121.07.90.80

3.02

.321.411.581.17.06

.58

.571.20.69.27

.86

.38

.303.912.38

1.27.78.38.49

9.85

.27

.04

.146.05.09

1.09

1.06

1.10.03.26.01.83

.89

17.12

100.00

Projected1968

0.167.79.13.01.17

.021.00.03.10.23

.01

.173.792.73

.33

.07

.41

.03

.29

.01

.06

.081.40.11

.404.241.442.09.11

2.79.74.12.15.29

.311.09.95.11

1.40

.121.07.79.53

3.52

.321.251.181.37.06

.58

.571.36.69.27

1.31.58.30

2.565.85

.84

.88

.38

.336.64

.27

.04

.147.19.09

1.09

1.81

1.60.03.26.01.70

.89

17.12

100.00

*Projected to 1968 on the basis of average annual rate of change, 1947-58, for the followingcombinations of industries: 16.17 & 19: 24 * 25! fifi * R7- ia & fin

NOTE.—Trend adjusted 1968 percentages scaled to force column totals to add to 100.00.



Components, 1947, 1958, and Projected 1968cent]


1947

1.811.993.17

1.69

2.17.02

3.221.76.10

.0512.601.49

.54

.86

.10

.032.15

.05

8.01.02

.121.34.20.10

1.39.02.15.04.09

.42

.716.24

.03

.04

.04

.03

.42

.06

.03

.17

.05

.02

.02

.09

.01

.16

.96

.05

.99-1.85

.05-3.75

1.17

45.20

.60

2.76

100.00

1958

1.091.651.42

2.11

1.35.01

5.56.55.38

.066.11.13

1.191.52.16.04

2.40

.03

4.62.02

.191.58.19.21.01

3.07.16.17.07.29

.471.334.26

.09

.13

.50

.03

.59

.07

.17

.15

.04

.08

.20

.02

.27

.05

.19

.01

.102.98.27

.27

.53

.361.17-.08

.17-2.97-.21

48.54

1.39

2.49

100.00

Projected1968

.651.30.67

2.40

.84

.018.12.20.38

.062.63.02

2.012.57.16.07

2.48

.03

2.70.01

.191.71.19.21.01

5.91.16.17.07.29

.472.202.85

.09

.13

.50

.03

.59

.07

.17

.15

.04

.08

.20

.02

.27

.05

.19

.01

.102.98.27

.27

.30

.361.27-.01

.17-2.25-.21

48.54

1.39

2.49

100.00

Federal Government purchases(other than compensation)

1947

-.262.03

-.03-.77

-.04.42

.01

18.888.94.43

4.20

.82

.60

.33

.32

.18

.81

.07

.96

.74

.17

.33

.42

.04

.61

.67

3.44.49.03.52.04

.08

.461.60.01.18

.06

.29

.78

.07

.33

.13

.21

.07

.42

.11

.06

.111.59.13.45

1.06.47.52

1.0914.92

9.651.06.60.85

6.77

1.03

.39

.97

.63

3.482.44

-1.688.49.17

.1112.90

.57

9.54

-27. 67

-.90

100.00

1958

-0.013.25-.42

.14

.58

.03

.03

9.651.976.88.16

.15

.01

.12

.31-.02

.01

.08

.08

.22

.02

.282.24.02.40.01

2.20.36

.07

.01

.02

.341.00.05.01

.28

.34

.72

.02

.24

.41

.52

.09

.61

.12

.23

.19

.55

.06

.05

4.23.71.27.93

19.70

1.981.66.42.11

4.36

.51

1.051.95

.34

.741.49

15.69.39

.05

.35

.17

.34824

.22

.35

-.93

100.00

Projected1968

-0.013.77

—.42.14

.58

.03

.03

4.10.44

8.53.02

.04

.12

.08-.02

.08

.01

.07

.01

.282.24.02.21

1.13.36

.02

.01

.02

.34

.51

.05

.01

.28

.34

.51

.02

.24

.41

.52

.09

.61

.12

.23

.19

.17

.06

.05

9.311.56

' .11.61

24.41

.431.91.23.02

2.26

.21

1.052.78

.05

.211.49

20.78.39

.05

.02

.05

.345.45

.22

.35

-.93

100. 00

State and local governmentpurchases (other than compensa-

tion)

1947

0.11.23.08

1.45

49.267.16.01

2.78

.04

.01

.50

.04

.03

.12

.51

.63

.26

3.28.22

.8503

1.43.17

.15

.10

.11

.01

.03

.10

.47-.03

.07

.181.36

.10

.17

.04

.25

.01

.36

.04

.04

.06

.36

.03

.102.44.01

.08

.80

.21

.926.08

1.42

2.293.291.34

2.062.22.87

.61

.07

.77

.67

.11

.43

100.00

1958

0.06.14

-.36

.32

-.06.06

61.796,29.02

1.43

.05

.01

.48

.01

.30

.66

.03

.911.27

.94

2.01.39

.01

.02

.01

.03

.23

.02

.09

.11

.26

.03

.16

.03

.18

.47

.11

.03

.01

.04

.32

.172.30

.20

.45

.08

.942.11

1.00

2.55.96

1.00

1.22.46

2.92

.44

-.231.63.35.03.02

.691.80

100.00

Projected1968

0.06.14

-.36

.08

-.06.06

64.224.65.02.68

.05

.01

.39

.01

.30

.71

.01

.351.27

.94

2.27.39

.01

.02

.01

.03

.23

.02

.09

.02

.26

.03

.16

.03

.18

.47

.11

.03

.01

.04

.32

.171.82

.20

.23

.08

.94

.73

.61

2.55.29.65

.64

.117.29

.28

-.232.67.17.03.02

.691.80

100.00

Federal Governmentcompensation

1947

.27

.66

99.08

100.00

1958

1.012.10

96.89

100.00

Projected1968

1.016.00

92.99

100.00

State and local governmentcompensation

1947

.8511.23

87.92

100.00

1958

1.429.95

88.63

100.00

Projected1968

2.258.86

88.89

100.00

Industrynumber

12345

678910

111213*1415

16*17*1819*20

21222324*25*

2627282930

3132333435

3637383940

4142434445

4647484950

5152535455

56*57*585960*

6162636465

6667686970

7172737475

7677787980

8182838485

8687

Source: U.S. Department of Commerce. Office of Business Economics.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

56 SUEVEY OF CURRENT BUSINESS July 1971

when the I-O method was used. Al-though it is clear that the I-O methodyielded better results than the blow-upmethod, the improvement should beconsidered in the light of the lower costof the GNP blow-up method. Ofcourse, the latter method does not allowfor possible differences among industriesin rates of output change.

Summary of Findings andConclusions

The simplified I-O technique whichhas been described and tested in thisreport yielded long-range industry out-put projections that were not entirelysatisfactory. The average error in five-year-ahead projections was close to8 percent. Forty-five percent of theindustries examined showed errors ofmore than 10 percent, although fewerthan 10 percent of the industries hadenors of more than 20 percent. Whilethese results were superior to thoseobtained by the GNP blow-up tech-nique, the higher cost of the I-O methodshould be taken into account.

In genera], errors in projecting the

APPENDIX Table 2.—Average Annual Rateof Change, 1947-58, in Intermediate Out-put Requirements of 1958 Final Demand,and Adjustment Factor Applied to 1968Intermediate Output

I-O industry*

71215

18 ...2123

272829

37 -41 . .50

51 . .53 .-54

56,57..6263

Averageannual rate

of change,1947-58

(Percent)

-5.5-3.3-2.7

2.4—5.3-2.2

3.15 93.8

-2 8-2.2

6 6

15.22.55 6

7.53 22 5

Adjustmentfactor applied

to 1968intermediate

output

0.585.723.766

1.268597

.804

1.3571 7741.452

759804

1 895

4 1161.2801 724

2.0611 3701 280

GNP components were not an impor-tant source of error in the industryoutput projections. However, this mayreflect the performance of the modelin this particular instance and maynot be characteristic of its generalperformance.

Errors in industry outputs wereassociated with the procedure of trans-lating the GNP components into abill of goods by use of 1958 bridgetables and with the use of the 1958inverse matrix. The eirors were re-duced on the average by adjusting thebridge tables for trend and the inter-mediate outputs for the average im-pact of past coefficient changes. Theremaining error could not be factoredinto its bridge table and coefficientcomponents.

The results just summarized mustbe regarded primarily as a test of theability of the method used in the articleto make long-term industry outputprojections as of the year 1963, andnot necessarily of its ability to makesuch projections today, or at some timein the future. For projections made asof today, I-O tables for 1961 and1963 would be available, as well asthose for 1947 and 1958. The additionalinformation would provide a strongerbasis than existed in 1963 for projectingtrends in bridge tables and inputcoefficients.19 Moreover, if annual I-Otables can be produced, the lapse oftime between the last year for whichan I-O table is available and the yearfor which a projection is made willbe considerably shortened. This, too,would improve the accuracy of theprocedures described in this report.

However, these improvements maynot be sufficient. To improve the pro-jections of industry outputs further, itmay be necessary to strengthen the pro-cedures used in this study. The ability

of the model to project GNP compo-nents needs to be improved. This holdsparticularly for residential and nonresi-dential structures, imports, and Stateand local government purchases, if the1968 results are chaiacteristic of themodel's general performance. These im-provements, along with an improve-ment in the model's ability to projectGNP from the supply side, can at thesame time improve the estimate of Fed-eral Government purchases which wasderived as a residual, and was thus sub-ject to the combined effect of all modelerrors.20

Disaggregation of the model to yieldmore detailed GNP components wouldfacilitate the task of translating GNPcomponents into a bill of goods. How-ever, this would improve the industryoutput projections only if it were notoffset by a deterioration in the abilityof the model to forecast total GNP andits components.

The techniques for projecting bridgetables used in this study must also beimproved. Projections based on causalanalysis of past trends in bridge tablesmay have to be substituted for me-chanical extrapolations of these trends.Moreover, not all differences amongbridge tables should be regarded astrends, and an effort must be made todistinguish cyclical and random move-ments from longer run movements inthese percentage distributions. Improve-ment in the projections of changes ininput coefficients is also of considerableimportance. To achieve this, it may benecessary to abandon the summarytechniques used in this study and toface the complex task of projectingchanges in individual coefficients.21

The needs for improvement outlinedhere call for continuing research. Forpurposes that require a high degree ofprecision, the additional expense andeffort seem unavoidable.

"Includes only industries with an average annual rate ofchange in intermediate output of 2 percent or more.

Source: U.S. Department of Commerce, Office of BusinessEconomics.

19. The proposition that each additional table strengthensthe projections was tested. When a 1968 bill of goods basedon an analysis of trends in bridge tables for 1947, 1958, 1961,and 1963 was utilized, the industry output projections weresomewhat improved. Similarly, the effectiveness of the ad-justment for the impact of changes in input coefficients wasimproved when these adjustments were based on the 1947,1958, and 1961 I-O tables. The 1963 I-O table could not beused for the coefficient adjustment because it is not yetavailable in 1958 prices.

20. The model was designed to serve as a tool for theformulation of fiscal policy. Because Federal Governmentpurchases are an important policy instrument for achievinggiven unemployment targets, it is important to have an ac-curate basis for determining their desired level.

21. See the references in footnotes 6 and 11 to BLS workin these areas.

U. S. GOVERNMENT PRINTING OFFICE : 1971 O - 438-052


CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEYOF CURRENT BUSINESS. That volume (price $3.00) provides a description of each series, references to sources of earlier figures, and historical dataas follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicatedby an asterisk (*) and a dagger (f) , respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthlySURVEY beginning with the September 1969 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein correspondingto revised annual data are available upon request. *

The sources of the data are given in the 1969 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, andare also listed alphabetically on pages 189-90. Statistics originating in Government agencies are not copyrighted and may be reprinted freely.Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.

Unless otherwise stated in footnotes below, datathrough 1968 and descriptive notes are as shown inthe 1969 edition of BUSINESS STATISTICS

1968 1969 1970

Annual total

1968

II III IV

1969

I II III | IV

1970

I | II | III IV

1971

I HP

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series

NATIONAL INCOME AND PRODUCT

Gross national product, total f bil.$__

Personal consumption expenditures, total do__.

Durable goods, total 9 - - - doAutomobiles and parts doFurniture and household equipment do__.

Nondurable goods, total 9 doClothing and shoes . . doFood and beverages.. doGasoline and oil do

Services total 9 doHousehold operation ^ .doHousing _ _ doTransportation do

Gross private domestic investment, total do

Fixed investment -. _ doNonresident ial do

Structures .__ _ do_ _Producers' durable equipment do

Residential structures _ _ doN on farm do

Change in business inventories _doNonfarm _ do

Net exports of goods and services ... .__ . doExports doImports . . do

Govt. purchases of goods and services, total, .doFederal do

National defense . doState and local. _.do_ __

By major type of product: fFinal sales, total do

Goods, total doDurable goods _ _ _ _ _ . d oNondurable goods do

Services doStructures .. _ _ . _ . .do

Change in business inventories.. do_Durable goods doNondurable goods do

GNP in constant (1958) dollars

Gross national product, totalf -- bil. $

Personal consumption expenditures, total do

Durable goods _ _ _ _ _ _ d o _Nondurable goods doServices... _ _ do

Gross private domestic investment, total do

Fixed investment _ _ doNonresidential do_Residential structures do

Change in business inventories... _ _ _ _ .do

Net exports of goods and services do

Govt. purchases of goods and services, total__doFederal doState and local do

' 864. 2

536.2

84.037.534.3

230.846.3

115.319.0

221.331.277.315.5

126.0

118.988.830.358.530.129.57.16.9

2.550.648.1

199.698.878.3

100.8

' 857. 1422.4169.6252.9346.688.1

'7.14.92.1

' 706. 6

452.7

81.3197. 1174.4

105.2

98.875.623.26.4

1.0

147.778 169.6

' 929. 1

579.6

89.940.436.3

247.650.3

122.521.1

242.133.784.016.5

137.8

130.498.634.564.131.831.27.47.3

2.055.653.6

209.799.278.4

110.6

' 921. 7449.9180.9269.0377.4

94.4

'7.44.52.9

724.7

469.3

84.8202.7181.8

109.6

103. 280.123 16.4

. 1

145.673 871.9

' 974. 1

615.8

88.637.137.4

264.752.6

131.822.9

262.536.191.217.9

135.3

132.5102.136.865.430.429.72.82.5

3.662.959.3

219.497.275.4

122.2

' 971. 3465.5180.8284.7410.395.5

'2.8-.63.4

' 720. 0

475.9

81.4207.3187.2

102.2

99.978.621 32.3

2 4

139.465 4740

' 857. 4

529.0

82.436.233.8

227.845.3

114.618.6

218.830.876.615.4

127.0

117.487.029.657.330.529.99.69.4

3.450.747.3

198.098.578.399.5

' 847. 8417.5167.4250 1343.087.4

'9.66.72.9

' 705. 3

448.4

80.0195.3173. 1

106.8

98.074.423 78.8

1 8

148.278 869.' 4

' 875. 2

544.0

86.338.935.1

233.647.4

116.519.2

224.131.577.815.7

126.2

118.588.830.058.829.729.27.77.5

3.453.149.7

201.699.879.1

101.8

' 867. 5428.*?172.4256 5351.487.2

'7.74.53. 1

' 712. 3

457.7

83.4198.6175.8

104.9

97 975.322 67.0

1 6

148.078 469.7

' 890. 2

552.5

87.039.035.0

236.947.7

117.919.4

228.632.179.715.8

130.7

122.691.231.260. 131.430.88.18.1

1.350.849.5

205.7100.679.4

105.1

' 882. 1433. 1174.0259 1357. 691.4

'8.16.02.1

' 716. 5

460.2

83.3199.4177. 5

107.7

100 376.623 77.4

— 3

149.078 170.' 9

' 906. 4

564.3

89.540.135.6

241.548.5

120.420.2

233.432.881.416.2

134.3

127.695.033.161.832.732. 16.66.5

1.448.046.6

206.599.278.3

107.3

' 899. 8441.3179. 1262 2364.094.5

'6.63.82.8

' 721. 4

465.7

85.2201.6178.9

108.4

102 878 624 15 7

— 5

147.876 371.' 4

' 921. 8

575.8

90.639.937.0

246.450.6

121.920.8

238.933.083.016.4

137.0

130.296.633.063.633.633.16.86.7

1.256.955.7

207.897.777.5

110.1

' 915 0447.7179.6268 0371 995.3

'6.84.72. 1

' 724. 2

469.0

85.6202.8180 6

109.4

103 579 124 45 8

— 3

146.173 972^1

' 940. 2

584.1

89.440.436.2

249.451.0

122.921.5

245.234.184.716.6

141.8

131.4100.736.064.730.730.110.410.3

2.858.355.5

211.5100.379.4

111.2

' 929 8452.3181.3271 0383 094.5

' 10.46.54 0

' 727. 8

469.9

84.0203.0182 9

112.4

103 281 122 19 2

6

144.873 27L6

' 948. 0

594.2

90.341.036.2

253.151.1

124.821.9

250.835.086.916.8

138.0

132.3102.236.066.230.129.55.75.5

2.759.256.6

213.099. 578.4

113.5

' 942 3458.3183.4274 9390 693.4

'5.73 02 8

' 725 2

472.6

84 4203.4184 8

108.2

103 381 721 64 9

6

143.871 672.' 2

' 956. 0

604.0

88.637.837.3

259.451.6

128.922.5

256.135.188.717.5

131.2

130.8100.836.164.730.029.4

.4

.1

3.561.558.0

217.3100.278.9

117.1

' 955 6461.5181.5279 9400 893.4

' .4— 1 8

2 2

' 719 8

474.4

82 3205.7186 4

101.0

100 779 321 4

3

1 7

142.669 473.2

' 968. 5

613.8

90.739.137.6

262.952.1

131.422.6

260.235.790.317.6

134.1

132.1102.136.665.629.929.3

1.8

4.263.259.0

216.596.875.1

119.7

' 966 5466.6183.7282 9406 293.7

'2.1—2.0

4 0

' 721. 1

477. 1

83 8206.5186 8

102.7

100 779 421 32 0

2 6

138.765 373.4

' 983. 5

620.9

90.438.837.0

265.552.4

132.422.9

265.036.791.818.1

138.6

133.5104.837.367.528.728.15.14.7

4.063.759.7

220.196. 174.2

124.0

' 978 4469.8184. 9284 9413 794.9

'5.14.7

4

r 723. 3

477.9

82.8207.3187 9

104.0

100 180 120 03 9

3 2

138.263 874^3

' 988. 4

624.7

84.932.737.6

270.954.2

134.323.5

268.936.994.118.3

137.3

133.6100.837.163.732.832.23.73.3

2.763.260.5

223.795.973.2

127.9

' 984 7464.0173. 1290 9420 6100. 1

'3.7-3.4

7 1

' 715. 9

474.2

76.6209.7187 9

101.2

98 175 522 63 1

2 1

138.363 275.2

'1,020.8

644.6

97.644. 139.5

272.054.9

135.123.8

275.037.796.418.6

143.8

140.6104.337.966.336.435.73.23.0

4.266.161.9

228.296.773.0

131.5

1,017.6480.0188.0292 0432.3105.2

'3.23.8

— . 6

' 729. 7

484.8

86.7209.2188.8

104.7

102 177 524 62 6

2 6

137.661 576.1

1, 040. 5

660.1

100.045.440.1

279.456.9

137. 924.3

280.738.698.518.9

150.1

145.4106.137.868.339.338.74.74.2

.165.865.7

230.296.072.0

134. 2

1, 035. 8488.3190.5297 8439.9107.7

4.73.31. 4

736.3

491.5

88.5212.7190.2

108.3

104 378.226 14.0

137. 260 676.6

'Revised. *> Preliminary. f Re vised series. Estimates ofand personal income have been revised back to 1967 (see p.

national income and productof this issue of the SURVEY) ;

revisions prior to May 1970 for personal income appear on p.9 Includes data not shown separately.

22 ff. of this issue of the SURVEY.

s-1


S-2 SURVEY OF CURRENT BUSINESS July 1971


1968 1969 | 1970

Annual total

1968

III IV

1969

I II III IV

1970

I II III IV

1971

I HP III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued

NATIONAL INCOME AND PRODUCT— Con.Quarterly Data Seasonally Adjusted at Annual RatesNational income, total f - bil. $ -

Compensation of employees, total do

Wages and salaries, total . doPrivate doMilitary _ _ . . _ doGovernment civilian do

Supplements to wages and salaries . doProprietors' income, total 9 do

Business and professional 9 doFarm _ _ do

Rental income of persons do

Corporate profits and inventory valuation adjust-ment, total bil. $

By broad industry groups:Financial institutions doNonfinancial corporations total do

Manufacturing, total doNondurable goods industries doDurable goods industries _ . _ do

Transportation, communication, and publicutilities bil $

All other industries do

Corporate profits before tax, total doCorporate profits tax liability doCorporate profits after tax . _ _ _ do

Dividends doUndistributed profits,. _ do

Inventory valuation adjustment doNet interest _ doDISPOSITION OF PERSONAL INCOMEf

Quarterly Data Seasonally Adjusted at Annual RatesPersonal income total bil $Less: Personal tax and nontax payments do. _ _Equals: Disposable personal income _ _ d o _ _Less: Personal outlays© doEquals: Personal saving §. do .

NEW PLANT AND EQUIPMENTEXPENDITURES

Unadjusted quarterly or annual totals :tAll industries bil. $

Manufacturing doDurable goods industries H doNondurable goods industries V - ...do. .

Nonmanufacturing doMining doRailroad doAir transportation _ _ doOther transportation. . . _ . .doPublic utilities . do

Electric doGas and other ... do

Communication. doCommercial and other do

Seas. adj. qtrly. totals at annual rates:}:All industries do

Manufacturing doDurable goods industries f doNondurable goods industries f do

Nonmanufacturing doMining. . doRailroad doAir transportation doOther transportation doPublic utilities do

Electric doGas and other do

Communication doCommercial and other do

U.S. BALANCE OF INTERNATIONALPAYMENTSd*

Quarterly Data Are Seasonally Adjusted(Credits +; debits -)

Exports of goods and services (excl. transfers undermilitary grants) mil $

Merchandise adjusted excl military doTransfers under U.S. military agency sales con-

tracts mil $Receipts of income on U.S. investments

abroad mil $Other services do

Imports of goods and services doMerchandise, adjusted, excl. military doDirect defense expenditures. doPayments of income on foreign investments in the

U.S mil. $..Other services do

' 711. 1

514.6

464.9369.2

17.977.849.764.249.514.721.2

84.3

11.373.041.719.322.4

10.620.7

87.639.947.823.624.2-3.326.9

T 688. 997.9

591.0551.239.8

67.7628.3714.1214.25

39.40

1.631.452.561.59

10.207.662.546.83

15.14

50 62333 588

1 395

9 2336 407

-48,134-32,964-4,535

-3,013-7,621

' 763. 7

565.5

509.6405.519.085.156.067.050.316.822.6

78.6

12.166.536.017.518.4

10.020.6

84.239.744.524.420.0

-5.529.9

«• 750. 3116.2634.2596.337.9

75.5631.6815.9615.72

43 881.861.862.511.68

11.618.942.678.30

16.05

55 60036, 490

1 515

10, 5397 056

-53, 589-35, 830-4,856

-4,564-8,339

' 795. 9

601.9

541.4426.619.495. 560.566.951.015.823.3

70.8

12.858. 129.516.613.0

8.020.5

75.434.141.225.016.2

-4.533.0

r 803. 6115.9687.8633.754.1

79.7131.9515.8016.15

47.761.891.783.031.23

13.1410.652.49

10.1016.59

62, 90341, 980

1,480

11, 4098,034

-59,311-39,870-4,851

-5,167-9,425

' 720. 3

521.6

471.1373.518.679.050.564.649.914.721.1

85.9

11.874.242.019.722.3

10.621.5

86.939.547.424.123.3-.927.1

' 697. 8102.7595.2559.335.9

16.797.133.543.59

9.66

.39

.31

.64

.412.611.87.74

1.613.69

67.7728.8614.4714.40

38.911.571.292.691.659.827.502.326. 67

15.22

13 2848 878

393

2,3981 615

-12, 436-8,568-1,147

-775-1,946

r 732. 7

533.6

481.6382.718.280.752.065.349.815.521.3

84.7

11.872.941.619.122.5

10.321.0

89.040.448.524.324.3

-4.227.8

' 712. 6107.1605.5568.137.3

19.038.104.163.94

10.93.40.38.66.47

2.902.16

.742.004.13

69.0528.7014.3914.31

40.351.521.342.871.75

10.637.742.897.34

14.91

12,7018,378

357

2,3391 627

-12, 384-8,441-1,173

-800-1,970

•• 745. 9

545.9

491.8391.818.181.954.166.750.216.522.0

82.7

12.070.739.318.221.1

10.620.8

88.741.846.924.022.9

-6.028.6

r 726. 8113.6613.2580.432.8

16.046.583.363.22

9.45.42.38.68.38

2.361.88.48

1.813.41

72.5229.9915.4714.52

42.531.831.682.891.87

11.528.622.907.74

15.00

11,9957,510

407

2,4711,607

-11, 657-7,589-1,198

-929-1,941

r 758. 9

559.1

503.7402.018.483.455.367.150.516.622.6

80.7

12.368.436.918.018.9

10.421.0

86.941.045.924.221.6

-6.329.4

r 743. 1117.2625.9592.433.4

18.817.823.983.84

10.99

.48

.44

.66

.462.992.22.77

2.003.97

73.9431.1615.9815.18

42.78

1.881.762.221.66

11.688.712.977.92

15.67

14, 2229,490

329

2,5851,818

-13, 926-9,566-1,187

-1,078-2,095

' 771. 7

573.6

516.9410.420.086.556.767.150.516.622 7

78.0

12 265.834.817.017.8

9.821.2

81.238.243.024.718.3

-3.230.2

r 759. 3116.1643.2600.942.3

19.258.164.034.12

11.10

.47

.49

.53

.403.032.23.80

2.114.07

77.8433.0516.5316.52

44.80

1.892.062.231.65

11.488.982.508.71

16.78

14, 5749,602

442

2,7161,814

-13, 866-9,278-1,221

-1,242-2,125

' 778. 2

583.6

525.8417.719.688.557.867.249.817.422.9

73.3

12.061.333.016.916.1

9.119.2

80.037.742.324.917.4

-6.731.1

r 772. 2117.8654.5611.443.1

21.469.124.594.53

12.34.49.55.64.44

3.232.61.62

2.394.60

77.8432.3915,8816.50

45.461.851.942.801.63

11.809.362.448.76

16.67

14,8119,888

336

2,7671,820

-14, 142—9, 397—1,251

—1,315—2, 179

' 785. 8

593.2

534.7422.520.292 158.568.050.217.823.0

69.8

11.358.531.116.714.3

8.219.2

75.634.141.525.016.6

-5.831.8

' 784. 3116.7667.6621.546.2

17.477.143.593.56

10.32

.45

.42

.73

.282.542.15

.392.143.76

78.2232.4416.4016.05

45.781.921.742.941.37

12.149.772.379. 14

16.52

15 37410 241

274

2 9251 934

-14, 493-9,728-1,182

-1,348-2,235

' 793. 4

598.5

538.5424.419.594.560.067.651.016.623.2

71.5

12.159.431.516.514.9

7.820.1

75.834.541.324.916.4

-4.232.6

r 803. 8118.0685.7631.554.2

20.338.154.084.07

12. 18.47.47.80.31

3.282.59.69

2.594.26

80.2232.4316.3216.11

47.791.841.882.881.12

12.7210.152.57

10.3816.98

15, 80610, 582

447

2,7911,986

-14, 761-9,831-1,255

-1,322-2,353

' 802. 2

606.5

545.2429.419.296.661.366.051.414.523.4

73.0

13.559.530.616.813.8

7.920.9

78.535.642.925.217.7

-5.533.4

r 809. 8113.5696.2638.957.4

20.267.993.o74.12

12.27.46.46.74.30

3.582.79.78

2.564.16

81.8832.1515.7416.40

49.731.861.963.241.22

13.8411.342.50

10.6217.00

15, 93010, 696

327

2,8552 052

-14, 935-9,992— 1,211

-1,284-2,448

f 802. 1

609.3

547.2429.918.698.662.165.951.514.423.7

69.0

14.054.925.016.28.8

8.121.9

71.632.339.225.014.3

-2.634.2

r 816. 7115.2701.5643.058.5

21.668.664.264.40

12.99.50.43.76.33

3.743.12.63

2.814.42

78.6330.9814.9216.05

47.661.941.563.081.22

13.6811.202.48

10.2015.97

15, 79510, 461

433

2,8392,062

-15, 125-10,319-1,203

-1,213-2,390

r 832. 2

627.9

562.3441.219.2

101.865.766.451.614.823.8

79.0

14.264.833.917.116.9

% 522.4

82.637.944.725.619.1

—3.535.0

r 834 7112.7722.0663 2

58 8

17 686.693.113.58

10 99.49.34.34.28

3.112.70.41

2.503.94

79.3230.4614.2116.25

48.862.041.461.291.33

14.6412.162.48

10.7017.39

p 16,515p 11, 032

P507

p 2, 845p 2,131

p- 15,464p- 10,760p-1,184

p-1,118p-2,402

639.6

572.6450.018.6

104.067.067.151.915.224.2

25.4

-5.235.8

855 0113.9741.1679 062.1

i 20 807.663.683.98

13.15

.52

.50

.61

.413.903.30.60

27.21

182. 3830.5414.6615.88

51.84

2.012.002.301.59

15.1812.982.20

2 28. 75

i 20 687.693.684.01

12 99

.49

.45

.36

.404.023.25.77

27.26

i 82. 8330.6814.8915.79

52.152.001.871.561.56

15.6413.152.49

2 29. 51

T Revised. p Preliminary. i Estimates (corrected for systematic biases) for Apr.-June and July-Sept. 1971 based on expected capital expenditures of business. Expected ex-penditures for the year 1971 appear on p. 16 of the June 1971 SURVEY. 2 Includes com-munication. fSee corresponding note on p. S-l. 9 Includes inventory valuation ad-justment. J Revised series; explanation of revisions and annual and quarterly data backto 1947 appear on pp. 25 ff. of the Jan. 1970 SURVEY; see also pp. 19 ff. of the Feb. 1970

SURVEY. ©Personal outlays comprise personal consumption expenditures, interestpaid by consumers, and personal transfer payments to foreigners. §Personal saving isexcess of disposable income over personal outlays.

IJData for individual durable and nondurable goods industries components appear in theMar., June, Sept., and Dec. issues of the SURVEY. cfRevised; more complete details,as well as revised quarterly data back to 1966, appear on p. 24 ff. of this issue of the SURVEY.


July 1971 SURVEY OF CURRENT BUSINESS S-3


1968 1969 1970

Annual total

1968

III IV

1969

I II III IV

1970

Ii

II | III IV

1971

I * II III

GENERAL BUSINESS INDICATORS—Quarterly Series—ContinuedU.S. BALANCE OF INTERNATIONAL

PAYMENTS §— Con.Quarterly Data Are Seasonally Adjusted

Unilateral transfers, excl. military grants, netmil. $..

U.S. Government capital flows, net do

U.S. private capital flows, net doForeign capital flows, net doTransactions in U.S. official reserve assets, net

mil. $..

Allocation of special drawing rights (SDR) doErrors and omissions net doBalance on goods and services doBalance on goods, services, and remittances doBalance on current account doBalance on current account and long-term capital

mil. $..

Net liquidity balance doOfficial reserve transactions balance doLiquidity balance, excluding SDR do


-2,875-2,268

-5,3839,411

-880

-4932,4891,321-386

-1,349

-1,6101,641

172

1969

-2,910-2,193

-5,42412, 306

-1,187

-2,6032,011

745—899

-2,879

-6,0842,702

-6,958

1970

Annual

-3, 148-1,593

-6,8865,824

2,477

867-1,132

3,5922,182

444

-3, 038

-3,852-9,821-4,721

-758-570

-1,6922,409

-571

33284852590

-433

-357327

65

-779-363

-1,6623,515

- 1, 076

4731726

-462

-754

-531-410

111

-630-411

- 1, 4943,338

-48

-1,09233852

-292

-147

-1,2341,337

-1,469

-630

-1,8893,989

-299

-628296

-22-543

-2,019

-3,0191,659

-3,287

-693-691

-1,3803,458

-686

-717708386

15

-1,070

-1,996-679

-2,366

-749-461

-6621,523

-154

-166669328

-80

356

163384164

-756-423

-1,9381,818

264

217—62881543125

-1,297

-1,250-2,865-1,630

1970

May June July Aug. Sept. Oct. Nov. Dec.

-753-366

-1,5241,004

805

217-4301,045

683292

-570

-945-1,402

-743

-803-394

-1,7521,588

584

217-433

995636192

-340

-679-2,077-1,156

-836-410

-1,6731,414

824

216-207

670319

-166

-832

-977-3,476-1,192

-783-599

-2,0242,761

682

180-1,268

1,051700268

-1,416

-2, 604-5,523-3,240

1971

Jan. Feb. Mar. Apr. May June p

GENERAL BUSINESS INDICATORS—Monthly Series

PERSONAL INCOME, BY SOURCE f

Seasonally adjusted, at annual rates: tTotal personal income-.. . . bil. $

Wage and salary disbursements, total doCommodity-producing industries, total-do

Manufacturing . . doDistributive industries. do

Service industries doGovernment. _ do

Other labor income _ doProprietors' income:

Business and professional doFarm __ __ do

Rental income of persons. _ _ doDividends _ doPersonal interest income . doTransfer payments. doLess personal contributions for social insurance

bil. $-.

Total nonagricultural income do

FARM INCOME AND MARKETINGS %

Cash receipts from farming, including Governmentpayments, totalt mil $

Farm marketings and CCC loans, total do.__Crops doLivestock and products, total 9. _ . __ do

Dairy products _ doMeat animals . doPoultry and eggs. . do

Indexes of cash receipts from marketings and CCCloans, unadjusted:©

All commodities O 1967 = 100Crops. _ doLivestock and products.. . do

Indexes of volume of farm marketings, unadjusted^All commodities©- 1967-100

Crops ._ doLivestock and products do

INDUSTRIAL PRODUCTION cf

Federal Reserve Index of Quantity Output

Unadj., total index (incl. utilities) d1-- 1957-59 =100..By industry groupings:

Manufacturing, total doDurable manufactures.. doNondurable manufactures do

Mining doUtilities _ do

By market groupings:Final products, total do

Consumer goods doAutomotive and home goods do_"Apparel and staples do

Equipment, including defense do

Materials . doDurable goods materials do. ....Nondurable materials. do

r 750 3

509.6197.4157 6120.0

88.1104.128.2

50.316.8

22.624.458.865.9

26.3

727.7

'•51,911

48, 11719, 52728, 5906,206

17, 6394,426

'113'106^118

'105'110

101

p 172. 8

v 173. 9p 176. 5v 170. 6* 130. 2p 221. 2

v 170. 8p 162. 5p 179. 5p 157. 1* 188. 6

v 174. 6v 165. 5p 183. 9

'803 6

541.4200.7158 3129 1

96.7114.830.8

51.015.8

23.325.064.779.6

28.0

781.4

' 52, 948

49, 23119,63629, 5956,523

18, 4974,303

'115106

'122

' 104103

'104

P 168. 2

p 167. 0v 164. 5v 170. 2v 136. 5v 238. 0

p 166. 1* 161. 7p 166. 1p 160. 3p 175. 4

P 170. 2p 155. 0p 185. 9

r 802. 0

541.5200. 3158 5128 2

95.7117.430.4

51.016.5

23.225.163.778.3

27.9

778.9

' 3, 386

3,369927

2,442590

1,509312

'95'60

' 121

80'49

' 104

169.1

168.9169 4168.4137.9

165.8160.3176.0155 3177.7

172 1159. 5185.1

' 801. 4

539.6200.7158 8128 9

95.9114.130.7

51.416.0

23.324.564.279.5

27.8

778.8

' 3, 648

3,6311,1712,460

5641,545

326

' 102'76

'122

'91'71

' 105

172.1

171.8171.3172.3137.6

169.9165.7181.2160 8179.0

174 1162.0186.6

' 805. 3

543.0201.4159 4130 1

96.8114.730.9

51.415.2

23.325.164.979.9

28.2

784.3

' 4, 152

3,9481,5002,448

5461, 513

368

'111'98

' 121

' 10097

' 103

163.6

161.6159.8163.8129.2

161.8157.6153.5158 9170.9

165 3153.2177.8

' 809. 0

545.1201.6158 9130.8

97.2115.531.2

51.414.6

23.425.265.680.8

28.3

788.1

' 7, 024

3,9011,4862,415

5301,508

359

' 110'97

'119

'99'92

' 105

169.1

166.4161.0173.2138.2

167.1165.3150.4170 0170.9

170 9156.0186.2

' 814. 9

548.7201.3159 0131 3

97.8118.331.4

51.413.9

23.525.466.382.9

28.5

794.2

' 4, 582

4,5391,9802,559

5211 633

388

' 128' 129' 127

113' 116' 110

170.2

167.6162.3174.2140.1

168.8168.1163.2169 6170.4

171 5154.9188.6

' 813. 6

544.2196.6153 8131 9

98.8116.831.7

51.514.2

23.525.466.584.7

28.2

792.5

' 5, 847

5,7502, 9652,785

5421 852

374

' 162'193' 138

' 148' 181' 122

166.5

164.5156.3174.8141.8

164.7164.0161.3164 9166. 1

168 5147.1190. 5

' 815. 7

545.9196.6153 2132 2

99.8117.332.0

51.414.5

23.725.566.784.5

28.3

795.0

' 5, 183

5, 1532,8842,269

5191 374

360

' 145' 188'112

' 137' 183' 103

162.9

161.2153.3171. 1140.5

160 2158.0156.9158 4164! 8

165 4143.6188.0

' 820. 9

551.5202.1158 4131 4

100.4117.732.2

51.514.6

23.823.966.885.1

28.6

800.5

' 4, 233

4,2011,9992,202

5561 267

354

' 118' 130' 109

117' 135

103

162.5

160.0156.7164 2139.4

160 0157.0161.8155 5166 4

164 7146.9182.9

'830 4

559.2202.8159 4134 2

101.9120.332.4

51.614.7

23.925.666.986.8

30.7

809. 1

' 4, 283

4,2421,9292,313

5621 400

327

' 119' 126

114

' 122' 145

104

164.2

161.4157.2166 6137.4

162 7163.4174. 3159 9161 2

165 2146.6184.4

' 833. 6

561.5202.5159 2135 4

102.4121.232.6

51.514.8

23.525.767.087.8

30.8

812.0

' 3, 406

3,3831,1132,270

5251 434

286

'9572

' 112

' 83' 67' 95

165.9

163.8159.0169 8136.3

163 4165.5181.6160 4159. 1

168 6150.5187.3

' 840. 1

566.1204.3160 2136 8

103.3121.632.8

51.714.9

24.025.567.089.1

31.1

818.4

' 3, 557

3,5431,0822,461

5871 539

313

' 100'70

'122

'85'58106

167.1

165.4161.0170.8137.8

164 0166.5185.5160 5158.4

170 2153.4187.6

' 844. 7

569.0205.4160.6137.6

103.9122.133.1

51.815.1

24.125.567.389.7

31.1

822.8

' 3, 493

3,418976

2,442581

1,527308

'96'64

' 121

'81'48

'106

166.6

165.0159.5171.9139.8

161.7164.6182.7158 8155.7

171 2153.6189.4

' 850. 1

573.3207.1162.0138.7

105.0122.633.4

51.915.2

24.225.667.590.2

31.3

828.0

3,443

3,428952

2,476618

1,521310

'9662

'122

'8147

'107

' 167. 5

' 166. 2'161.2' 172. 6' 139. 2

' 163. 1' 166. 1' 188. 8

' 156. 7

171 9' 155. 9' 188. 4

870.3

575.3207.8162.5138.7

105.7123.133.7

52.015.3

24.325.267.7

108.1

31.4

848.1

3,7441,2462,498

5851,558

334

10581

124

9168

109

170. 9

169.6163.6177.1139.3

167.0170.9192

158.4

173.6158190

T Revised. p Preliminary. §See note "cf1" on p. S-2. Ulncrease in U.S. officialreserve assets and decrease in liquid liabilities to all foreigners. ®Increase in U.S. officialreserv e assets and decrease in liquid and certain nonliquid liabilities to foreign official agen-cies. tSee corresponding note on p. S-l. tSeries revised beginning 1967; monthly dataprior to May 1970 are shown in the Farm Income Situation, July 1970 and July 1971, available

from the U.S. Dept. of Agriculture, Economic Research Service. ONew reference base,1967 = 100; comparable data for earlier periods will be shown later. cf Revisions for Jan.-Oct. 1968 will be shown later. 9 Includes data for items not shown separately.« Corrected.




1969 P 1970 P

Annual

1970


1971

Jan. Feb. Mar. Apr. May June?

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTIONd"-Continued

Federal Reserve Index of Quantity Output— Con.

Seas. a;dj., total index (incl. utilities) cf_ 1957-59 =100.By industry groupings:

Manufacturing, total.. do

Durable manufactures 9 doPrimary metals do

Iron and steel doNonferrous metals and products do

Fabricated metal products doStructural metal parts do

Machinery _ _ _ doNonelectrical machinery doElectrical machinery do

Transportation equipment 9 doMotor vehicles and parts... doAircraft and other equipment do

Instruments and related products . doClay, glass, and stone products doLumber and products doFurniture and fixtures doMiscellaneous manufactures do

Nondurable manufactures doTextile mill products doApparel products doLeather and products doPaper and products do

Printing and publishing doNewspapers do

Chemicals and products doIndustrial chemicals do

Petroleum products do

Rubber and plastics products doFoods and beverages do

Food manufactures doBeverages.. _ do

Tobacco products. . do

Mining . doCoal . doCrude oil and natural gas do

Crude oil doMetal mining doStone and earth minerals ... do

Utilities doElectric doGas do

By market groupings:Final products, totald" do

Consumer goods _ _ doAutomotive and home goods do

Automotive products doAutos _. doAuto parts and allied products.. .do

Home goods 9. doAppliances, TV, and radios doFurniture and rugs ...do

Apparel and staples doApparel, incl. knit goods and shoes doConsumer staples.. do

Processed foods do

Beverages and tobacco doDrugs, soap, and toiletries _ doNewspapers , magazines , books. . _ doConsumer fuel and lighting do

Equipment, including defense 9 doBusiness equipment do

Industrial equipment doCommercial equipment. doFreight and passenger equipment ._ doFarm equipment.. __ do

Materials^ doDurable goods materials 9 do

Consumer durable doEquipment doConstruction. do

Nondurable materials 9 doBusiness supplies do

Containers doGeneral business supplies ...do

Business fuel and power 9 . do.Mineral fuels doNonresidential utilities, . . do

172.8

173.9

176.5149.1140.3181.1

179.8173.3

195.7194.6197.2

174.6166.9177.8

194.4156.0119.1186.9166.4

170.6154.2149.2101.9175 6

156.3142.7

239.0283.0

143.8

238.7140.7136.7161.9

117.3

130.2117.7129.3132.0142.0144.7

221.2233.0174.1

170.8162.5179.5

173.2162.8186.8184.0180.2180.3

157.1138.5162.4136.6

146.8209.0147.1199.6

188.6195.6179.1220.0246.7136.8

174 6165.5163.9191.9152.4

183.9166.6168 6165.5

158.2134.9216.7

168.2

167.0

164.5140.1131.1173.2

171.7165.6

189.5185.9194.3

148.2140.9151.3

187.1151.9113.1176.3162.8

170.2148.8141 796.4

172 7

154.8138 7

243.0276.1

148.4

230.1143.0139.8160.2

121.6

136.5125.7135.7138.2154.4144.0

238.0251.1

166 1161.7166.1

148.6128 2175.6178 2180.3168.0

160.3133 0168.1139 4

147 2218.8144.7215.4

175.4187.6175.8216.1213.9130.9

170 2155.0142 1177 2146 9

185.9164 0167 4162.2

166 5142 2

169.0

168.1

167.6142.6136.7174.4

171.4164.2

191.0187.1196.3

157.3158.5153.0

191.3152.6116.1174.4163.6

168.7147.8137.7104.5174. 5

154.8136.9

241.4281.3

146.5

212.2143.1141.0154.6

117.8

134.8134.2131.9135.8151. 8142.8

234.9248.4

167.7163.2173.5

166.4156.0180.1178.4182.6165. 5

159. 9131.4168.0141.1

142.2219.6146.9212.3

177.3188.7175.8220.4216.8127.4

170 4157.5146.0177 5146 8

183.8162 1168 2159.1

166 0142 0228.1

168.8

168.0

167.3142.7138.8169.2

172.3164.̂ 4

190. fe185.2197. 7\

159.9164.4153.3

187.9149.4107.6173.8162.6

168.9145.9139.099.3

170.8

155.2137.5

243.2285.8

147.8

227.8140.7138.3153.7

120.7

135.5124.3135.1137.5150.3143.0

235.4248.7

167.1162.8172.7

170.3163.0179.9177.7178.8164.9

159.0132.4166.6137.9

142.6217.4147.6213.7

176.3188.0175.2220.4213.8128.6

171 2157.8155.4176 6145. 1

184.9163 4166 0162.1

166.6142 4228.6

169.2

168.5

167.4145.2136.8172.6

172.5162.9

191.2185.2199.1

158.1164.8149.7

187.0148.8110.5172. 5162. 0

170. 0145. 3140. 995.6

172.0

154.6140.0

243.3285.7

145.5

244.8141.1139.5149.6

126.6

133.8127.5131.7134.4150.9143.8

236.3249.5

166.8163.5178.5

172.8163.8184.7182.5192.3165.2

158.8132.4166.3138.7

141.9217.4142.9212.8

173.7186.1174.6218.3207.3126.0

171 4158.4156.0178 4146.3

184.9164 9161 9166.4

165 4140 2229.4

168.8

167.7

166.7145.6134.1169.7

171.9164.0

190.3183.0199.9

156.7164.7147.1

183.3150. 1114.2172.9159. 1

169.0146. 1140.793.6

172 9

154.3138 7

239.8280.7

147. 5

236.9141.6138.8156.4

121.8

137. 1128.5136.5139.8152.3142.3

235.8248.6

166 5163.5177.0

167.5163 3173. 1183 7198.6164.9

159.2133 2166.6139 4

144 7213.9143. 1213.5

173.0185 9173.3214.2214.3133.2

171 2157.4161 3175 9147 3

185.4165 0167 5163.7

167 5144 4227.9

165.8

163.7

160.4142.6129.5172.1

169.2162.7

186.2180.0194.5

139.0127.3145.7

181.8148.7108.2171.7157.7

167.7145.7139.394.6

166.2

151.5137.4

240.8282.0

150.3

221.4142.4138.7162.2

122.9

138.9127.9140.3144.1144.5140.5

242.8257.1

163.1160.1160.1

133.1108.5165.6179.0189.9164.4

160.1131.7168.1139.3

149.0215.5140.5219.2

169.6182.3170.5210.5206.5133.6

168 9151.9143.6173 1146 1

186.4161 2163 1160.3

171 8147 5235.1

162.3

159.4

153.5133.9121.5161.5

160.6158.0

182.9176.1191.9

122.095.4

141.1

181.3149.4110.1173.9156.3

166.9146.7138.797.2

168 0

150.2134.5

240.7282.9

150.1

219.1139.6135.7160.3

124.1

139.9128.1141.5145. 1145.1142.0

244.8259.6

159.8157.0151.4

110.176 5

154.5180 2194.3166.5

158.9131 6166.7135 2

148 1215.0140.8221.7

165.9178 9169.7207.0193.7128.0

164 8144.3110 9166 7144 2

186.0159 5164 1157.2

172 5148 0236.7

161.5

159.0

151.4129.3117.2162.9

158.7158.2

179.0172.7187.4

121.996.9

139.5

181.7148.5107.0174.7158.5

168.6145.1135.593.1

171 7

152.4137 2

243.7285.4

154.2

218.9142.7139.4160.7

121.6

139.4127.3139.1143.8160.1142.7

238.7251.5

159.4157.0152.1

112.278 1

157.0180 0188.1169.3

158.6125 2168.0138 3

147 5220 1143.2217.2

164.5177 8167.9205.7194.6130 8

163 8141.9111 2164 1140 6

186.3160 7164 2158.9

170 1146 6231.1

164.4

162.1

156.1135.4122.3177.1

160.0158.9

176.7170.4185.1

142.5142.0139.3

180.5152.6105.8174.5157.5

169.7143.9141 794 2

169 5

152.7136 6

243 9281 7

156 0

222.3144.4140 1167.6

121.7

138 8130.1137.4141 0159 7145.2

240 0253 0

162 9162.4162.5

145.9131 9164.3174 0169.1170.5

162 3131 3171.1141 0

152 1226 8144 7218 0

164 9177 9166 8204 3202 3127 0

166 0147.0139 0163 6142 0

185. 71Q9 9166 5160.0

169 3145 0232.6

165.6

163.6

157.8137 6130 0171 7

163.0163.3

174 7166.2185.9

148.6158.8136.1

181.4151.3117 0174 5158.0

170.9149 1140 394 7

170 0

152.6134 9

245 3283 5

152 7

924 3146 7140 9178 1

121 9

137 9136 3134.6137 3160 3146 7

241 5254 6

163 4164 5172.4

166.3155 1181 1176 6173 9171.4

162 1130 0171.2141 4

155 1222 2145 5218 1

161 3174 3164 4200 7203 6

96 7

168 0149.7151 3169 9148 6

187.0163 9m 4158.7

169 1143 5234.3

165.2

163.1

157.6140 8132 9173.4

164.1165.1

173.0165.5182.9

148.8166.5129.5

179.5150.9116.9173.9159.1

169.9151 7138 082 2

170 0

152.6139 3

243 8283 9

152 1

219 8146 5141 0175 9

125 7

136 3129 5134.0136 4160 0144 4

245 2259 1

163 0164 6175.3

174.4168 1182 8175 9172 8172.4

161 2129 0170.3138 4

159 0220 7144 9219 6

159 4173 0162 3199 3196 4121 9

1 fi7 8150. 3 '153 0160 9148 3

185.8160 11 fifi 9157 1

169 4141 8239.3

165.5

163.5

157.7143 1138 3174.9

164.8168.5

173 4165.0184.5

146.6164.8126.1

176.2152.3116.3175 0161.2

170.7153 5139 582 3

169 3

152.5135 5

244 7285 0

153 0

223 8147 0141 0179 3

126 1

138 7138 1135.2138 6160 1147 8

249 2254 9

163 4166 2178.4

176.0167 3187 4180 2179 7174.2

162 3130 7171.2140 3

161 4222 3143 0218 4

157 3170 5160 3198 3191 1115 3

168 0151.4150 6161 2149 1

185.2155 2153 1156.3

170 8144 9236.8

166.2

163.9

157.4144 6141 9169 7

164.8165.5

173 3162.4187.7

142.8157.9124.5

178.7154.5117.5177 4161.5

172.0155.7138.496.2

171 0

152.3134 0

246.3286.8

155.2

236.0146.8141.4176.0

112.1

138.8142.5134.7139 9159.2146.7

246 0259 4

163 4167.1179.0

171.2153 9194 0184 4188.7175.4

163.3129 6172.8141 0

154 5228 0144.4224.6

155 6169 5159.3197 6188 9116 2

169 3152.8148 5156 8149 6

186.3158 2157 1158.8

172 214.fi ft

237.6

167.3

«• 165. 2

' 159. 3T 147 0r 144 0

172.3

'166.5' 167. 1

' 175. 4r 163. 5

' 191. 1

' 144. 2' 159.5r 124. 7

' 178. 5' 156. 4

r 181 0r 163. 0

r 172. 7r 158. 6

r 152. 7133 3

249.1

146.5

146 9142.5

r 136 4r 134 7r 134. 7' 139 7

144.1145.3

' 247 3

164 7168.5184.6

179.7161 4203.8188 0196 1178.0

r 172. 6

142.8

1226 0143.8

r 156 6r 170 3

160.4199 1188 8

r 170 2rl54.2

149 9159 3150 0

r 187. 1160 6163 9159' o

r 171 4T -MC o

167.9

165.9

159 7146143

167166

176165192

145160125

179153

185164

173, 5

153

137 4127137141

248 0

165 3169.5186

180161

173

156.2170

170 6154

188

17114-fi

r Revised. * Preliminary. ^See corresponding note on p. S-3.9 Includes data for items not shown separately.tRevised data back to 1961 for mfg. and trade invent., total, unadj. and seas, adj.; invent,

sales ratios for mfg. and trade, total and retail trade, total, durable, and nondurable, appear on

pp. 38 ff. of the Oct. 1970 SURVEY. Revised data back to 1961 for mfg. and trade sales, totalseas, adj.; mfrs. sales and mfrs., invent., total, durable, and nondurable, seas, adj.; and in-vent.-sales ratios for mfg., total, durable, and nondurable are available upon request (see alsocorresponding note on p. S-7).




1969 1970

Annual

1970


1971

Jan. Feb. Mar. Apr. May June

GENERAL BUSINESS INDICATORS—ContinuedBUSINESS SALES §

Mfg. and trade sales (unadj ), total f mil $

Mfg. and trade sales (seas, adj.) , total t - - - -do

Manufacturing, total f doDurable goods industries do .Nondurable goods industries . do

Retail trade, total doDurable goods stores _ . ... doNondurable goods stores _ do._-

Mer chant wholesalers, total . do .Durable goods establishments _ _ doNondurable goods establishments _ _ do

BUSINESS INVENTORIES §

Mfg. and trade inventories, book value, end of yearor month (unadj.), total t-- mil. $..

Mfg. and trade inventories, book value, end of yearor month (seas, adj.) , total t mil. $

Manufacturing, total t doDurable goods industries doNondurable goods industries do

Retail trade, total t . doDurable goods stores do.Nondurable goods stores do

Merchant wholesalers, total _ doDurable goods establishments _ doNondurable goods establishments. _ do. .

BUSINESS INVENTORY-SALES RATIOS

Manufacturing and trade, total f ratio..

Manufacturing, total t doDurable goods industries t do

Materials and supplies doWork in process doFinished goods ^ do

Nondurable goods industries f doMaterials and supplies. . doWork in process doFinished goods,.. do

Retail trade, total t doDurable goods stores. doNondurable goods stores.. . do

Merchant wholesalers, total doDurable goods establishments doNondurable goods establishments .. do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Manufacturers' export sales:Durable goods industries:

Unadjusted, total mil. $..Seasonally adj., total do

Shipments (not seas, adj.), total f do

Durable goods Industries, total ? . . doStone, clay, and glass products doPrimary metals . _ do

Blast furnaces, steel mills do

Fabricated metal products doMachinery, except electrical doElectrical machinery doTransportation equipment- do

Motor vehicles and parts doInstruments and related products do

Nondurable goods industries, tota!9 doFood and kindred products doTobacco products. . doTextile mill products,. do

Paper and allied products. . doChemicals and allied products doPetroleum and coal products doRubber and plastics products do

Shipments (seas, adj.), total t - - - - doBy industry group:

Durable goods industries, total 9 doStone, clay, and glass products doPrimary metals do


Fabricated metal products doMachinery, except electrical doElectrical machinery doTransportation equipment do

Motor vehicles ana parts . doInstruments and related products. do

1,245,058

1,245,058

1656,717364, 983291, 734

1351,633112,779238, 854

1236,708109, 578127, 130

163, 375

164,917

95, 93163,54732, 38444, 62319, 98024, 64324, 36314, 5799,784

1.53

1.691.99.56.93.50

1.31.48.21.62

1.472.051.19

1.191.53.89

17, 189

656, 717

364, 98317,21957, 13726, 493

37, 02464, 55146, 72691, 48050, 14413, 563

291, 73496, 7175,121

21, 262

26, 95148, 69824, 55516, 552

1,277,862

1,277,862

1666,648361, 527305, 121

1364,571109, 694254, 877

1246,643111,778134, 865

169, 284

171, 136

99, 61465,54834,06644,91819,04025, 87826, 60415,56511, 039

1.58

1.762.15.58

1.00.56

1.30.47.20.64

1.472.131.18

1.231.61.92

20, 122

666, 648

361, 52717,85857, 02225, 837

38, 83765, 46147, 14386, 23444, 14213, 682

305, 121103, 869

5,44321, 080

28, 28249, 61126, 02817, 968

' Revised. i Based on data not seasonally adjusted. 2 Advance eshipments for May 1971 do not reflect revisions for selected components,ness" here includes only manufacturing and trade; business inventoriescover data for all types of producers, both farm and nonfarm. Unadjusted (

107, 931

106, 847

55, 66130, 48825, 173

30, 5029,320

21, 182

20,6849,394

11, 290

168, 391

166, 734

97, 63564, 44733, 18844, 10919, 34624, 76324, 99014, 76310, 227

1.56

1.752.11.57.99.55

1.32.47.20.65

1.452.081.17

1.211.57.91

1,7791,722

56, 358

31, 3001,5295,0712,292

3,2395,6953,8327,9434,3001,119

25, 0588,428

4561,709

2,3284,3762,1391,537

55, 661

30, 4881,4754,7862,099

3,1785,5963,9937,4843,9051,137

stimate;§Thet

as showilata for n

112, 046

107, 612

56, 43830, 63825, 800

30, 5189,411

21, 107

20, 6569,482

11, 174

168, 014

167, 375

97, 70664, 39533, 31144, 52719, 55224, 97525, 14214, 85510, 287

1.56

1.732.10.57.99.54

1.29.46.19.64

1.462.081.18

1.221.57.92

1,8291,774

59, 340

32, 8451,6435,2052, 386

3,5115,8774,1718,1614,6241,247

26, 4959,062

4541,834

2,4224,3832,2151,623

56, 438

30, 6381,5194,8342,201

3,2655,4183,9627,5624,1241,175

total mferm "bui on p. Slanufacti

104, 249

108, 393

57, 02531,31525, 710

30,7299,487

21, 242

20, 6399,423

11,216

167, 832

168, 635

98,26065, 07933, 18144, 96519, 73925, 22625,41015,06610, 344

1.56

1.722.08.56.98.54

1.29.46.19.64

1.462.081.19

1.231.60.92

1,5831,776

52, 134

27, 8801,4864,4402,114

3,1075,0773,6076,2703,0371,065

24, 2548,225

4731,511

2,2373,8892,1261,463

57, 025

31,3151,5174,8912,259

3,3235,5673,9957,8574,3281,168

rs.si--1ir-

105,856

108,175

56,69631,27025, 426

30, 7819,503

21,278

20,6989,420

11,278

167,367

169,364

98,48865,29033, 19845, 45320, 11925, 33425,42315, 16510, 258

1.57

1.742.09.56.98.55

1.31.47.19.65

1.482.121.19

1.231.61.91

1,5171,676

54,829

29, 0911,5794,7012,205

3,2685,1943,8596,2552,8821,148

25, 7388,585

4721,742

2,3884,1722,1891,493

56,696

31, 2701,4704,9352,287

3,2315,5703,9937,9814,4891,140

ing arefSee

eludes

109,585

108,074

56, 47530, 86325, 612

30, 8859,556

21, 329

20, 7149,435

11, 279

168,045

170,038

98, 65865, 32333, 33545, 69120, 27025, 42125, 68915, 27510, 414

1.57

1.752.12.57.99.56

1.30.46.19.65

1.482.121.19

1.241 62.92

1,7501,770

58, 436

31, 6641,6274,9552,311

3,4645,6224,2957,2203,7471,233

26, 7729,294

4801,879

2,4244,2762,1661,521

56,475

30, 8631,4825,0492,422

3,3655,5554,0427,1693,6301,146

shown beorrespordata for i

110,244

106,224

54,93629,36925,567

30,5348,927

21,607

20,7549,410

11,344

170,161

170,352

99,46665,62833,83844,88319, 29125, 59226,00315,36910,634

1.60

1.812.23.60

1.04.59

1.32.47.19.66

1.472.161.18

1.251.63.94

1,6751,668

56,638

30,0411,6104,5091,960

3,3405,3154,2096,7023,1671,152

26,5979,181

4671,910

2,4474,1282,1861,523

54,936

29,3691,4704,5922,069

3,2155,3724,0106,5382,8771,111

elow andiding notterns not

104,918

104,917

54,06828, 81525, 253

30, 2088,380

21, 828

20, 6419,273

11, 368

172,095

170,873

100,03265,92034,11244, 50718, 54225, 96526,33415,45110,883

1.63

1.852.29.62

1.06.61

1.35.49.20.67

1.472.211.19

1.281.67.96

1,5291,523

53, 996

28, 6681,4224,2661,844

3,2185,1254,1656,4983,0481,105

25, 3288,714

4591,793

2,3403,9492,1781,404

54, 068

28, 8151,4544,4522,009

3,2945,2914,0476,2642,8531,078

on p. S-esonpp.shown s

113,178

107,019

55, 82030, 02425, 796

30, 4818,659

21, 822

20, 7189,226

11, 492

169,284

171,136

99, 61465,54834, 06644, 91819, 04025, 87826, 60415, 56511, 039

1.60

1.782.18.60

1.00.58

1.32.48.19.65

1.472.201.19

1.281.69.96

1,7851,621

54, 154

29, 4851,4214,2691,958

3,1575,2974,1677,4263,8161,084

24, 6698,673

4921,724

2,2943,6962,2921,306

55, 820

30, 0241,5904,6212,200

3,2635,2754,1107,1683,8791,039

6; those f

eparatel?

100,026

108,996

56,50430, 54525, 959

31,1549,480

21,674

21, 3389,430

11, 908

170,188

171,431

99, 80165, 61034,19144, 98418, 98725, 99726, 64615, 65310, 993

1.57

1.772.15.59.98.58

1.32.47.19.65

1.442.001.20

1.251.66.92

1,5501,644

52, 943

28, 5301,3774,6062,208

2,9005,0903,6937,2364,318

985

24, 4138,350

4361,730

2,3283,9072,2371,373

56, 504

30, 5451,6134,7462,253

3,2305,6033,9897,3244,2031,115

or whole5-7. tf>

104,558

110,734

57,80331,35226,451

31,5979,791

21,806

21,3349,45811,876

171,754

171,758

99,52065,34734,17345, 43219,48025, 952

26,80615,84010,966

1.55

1.722.08.57.95.57

1.29.47.19.64

1.441.991.19

1.261.67.92

1,8381,894

58, 523

31, 9461,4715, 0222,394

3,1825,7174,0728,4144,9911,087

26, 5778,926

4481,890

2,4794,3712,3171,544

57, 803

31, 3521,6144,8052,308

3,1895,5074,0178,1084,7621,115

sale and3ee corres

114,377

112,521

58,57832,09326,485

32,26710,18122,086

21,6769,736

11,940

173,914

172,620

99,41665,35234,06446, 41620, 13126, 28526, 78815,78011,008

1.53

1.702.04.56.92.56

1.29.46.19.64

1.441.981.19

1.241.62.92

2,0171,898

60, 739

33, 7901,6255,3842,585

3,2846,1344,1228,9615,2501,099

26, 9499,101

4632,030

2,5594,3742,2201,606

58, 578

32, 0931,6685,0492,363

3,2285,6803,9638,3514,7891,082

retail traponding

'114,733

'113,167

'58,426'31,771'26,655

'32,844' 10, 449'22,395

'21,897' 9, 887

'12,010

'175,080

'173,200

'99,426'65,391'34,03546, 72820, 23226, 496

'27,046'16,025'11,021

'1.53

1.702.06.57.93.56

'1.28.46'.19'.63

'1.42'1.94'1.18

1.241.62.92

' 1, 708' 1, 681

' 59,681

' 32,780' 1, 755' 5, 816' 2, 890

' 3, 247' 5, 747' 3, 895' 7, 991' 4, 736' 1, 100

' 26,901' 8, 950

'461'1,905

'2,486' 4, 655' 2, 265' 1, 662

' 58,426

31,771' 1, 721'5,425' 2, 625

' 3, 181' 5, 484' 4, 006' 7, 675'4,472' 1, 134

de on ppnote on }

114, 856

113, 946

59, 12232, 27726, 845

32, 52210, 14622, 376

22, 30210, 26712, 035

175, 434

173, 834

99, 52565, 36634, 159

47, 14620, 71626, 43027, 16316, 16211,001

1.53

1.682.03.57.91.55

1.27.45.18.63

1.452.041.18

1.221.57.91

1,7981,736

59, 898

33, 1981,7635,9542,873

3,3635,6003,9108,3064,8631,119

26, 7009,007

4841,940

2,5074,5562,2211,646

59, 122

32, 2771,7005,6112,631

3,3005,4894,0857,8174,4141,137

. S-ll ar3. S-12.

id S-12.9 In-



Unless otherwise stated in footnotes below, datathrough 1968 and descriptive notes are as shownin the 1969 edition of BUSINESS STATISTICS

1969 | 1970

Annual

1970


1971



MANUFACTURERS' SALES, INVENTORIES,AND ORDERSf— Continued

Shipments (seas, ad j.)t— ContinuedB y industry group :

Nondurable goods industries, total 9 mil. $Food and kindred products- doTobacco products doTextile mill products doPaper and allied products doChemicals and allied products, doPetroleum and coal products doRubber and plastics products . do

By market category:Home goods and apparel doConsumer staples . doEquipment and defense prod., excl. auto. doAuto motive equip ment . _ doConstruction materials and supplies doOther materials and supplies do

Supplementary series:Household durables doDefense products (old series) doDefense products (new series) doProducers' capital goods industries do

Inventories, end of year or month :tBook value (unadjusted), total do

Durable goods industries, total doNondurable goods industries total do

Book value (seasonally adjusted), total t doBy industry group:

Durable goods industries, total 9 doStone, clay, and glass products doPrimary metals do


Fabricated metal products doMachinery, except electrical doElectrical machinery doTransportation equipment do

Motor vehicles and parts doInstruments and related products. .do

By stage of fabrication:Materials and supplies 9 do

Primary metals doMachinery (elec. and nonelec ) doTransp ortation equipment do

Work in process 9 doPrimary metals doMachinery (elec. and nonelec. ).._doTransportation equipment do

Finished goods 9 __ doPrimary metals doMachinery (elec and nonelec ) doTransportation equipment do

Nondurable goods industries, total 9 _ _ doFood and kindred products doTobacco products doTextile mill products doPaper and allied products doChemicals and allied products doPetroleum and coal products doRubber and plastics products do

By stage of fabrication:Materials and supplies doWork in process doFinished goods. . do

By market category:Home goods and apparel doConsumer staples _ . d oEquip, and defense prod., excl. auto.. ..doAutomotive equipment . doConstruction materials and supplies doOther materials and supplies do

Supplementary series:Household durables doDefense products (old series) doDefense products (new series) . . . doProducers' capital goods industries do

New orders, net (not seas, adj.), total t ..doDurable goods industries, total doNondurable goods industries, total . . do

New orders, net (seas, adj.), totalf. doBy industry group:

Durable goods industries, total 9 do. .

Blast furnaces, steel mills ...do

Fabricated metal products do .Machinery, except electrical doElectrical machinery doTransportation equipment do. _

Aircraft, missiles, and parts do

Nondurable goods industries, total doIndustries with unfilled orders® .. . doIndustries without unfilled orders^ do

157,9351 124, 395i 108, 3851 57, 1751 54, 130

1254,697

126,951150,144124,5111 75, 694

95, 47563, 10632, 369

95, 931

63, 5472,4728,0334,300

6,59813, 2169,373

15, 5844,1732,460

17, 6062 8285,5713,295

29, 7902,759

10, 73310, 717

16, 1512,4466,2851,572

32, 3847,2402,1983,5252,6446,6252,2551,886

11, 8215,072

15, 491

9,92412, 10225, 8625,2997,980

34,764

5,09713, 1737,459

16, 353

659, 191367, 482291, 709

1659,191

367, 48258,49127, 281

37, 73666, 96647, 03089, 41830, 952

291, 70980, 276

211,433

i 55, 6451 132, 5051111,011i 51, 446i 54, 728

1261,313

i 24, 994i 51, 038i 24, 308i 78, 137

99, 11965, 08434, 035

99, 614

65, 5482,6488,8624,717

6,92814, 1279,650

15, 0294,2122,633

17,9003,1085,6983,199

30, 1253,003

10, 99510, 337

17, 5232,7517,0841,493

34,0667,7082,1793,2842,8317,1882,5391,968

12, 4024,917

16, 747

10, 12312, 74026, 3215,3448,273

36, 813

5,17912, 0886,493

17, 808

660, 104354, 839305, 265

660, 104

354, 83956, 28925, 793

39,22964, 13046, 88782, 10229, 931

305, 26583, 188

222, 077

25, 1738,541

4441,7402,3254,2002,1561,484

4,58510, 8709,4834,5234,452

21, 748

2,1434,2552,0036,697

98, 62565, 22233, 403

97, 635

64, 4472,5738,6094,589

6,64813,6189,454

15, 3094,0402,681

17, 4473,0345,5373,087

30, 3082,939

10, 94010, 709

16, 6922,6366,5951,513

33, 1887,5812,1423,4312,6976,7982,4141,920

11,9215,013

16, 254

9,84712, 55426, 1195,1618,016

35, 938

5,05012, 8727,189

16, 898

54, 90929, 82525, 084

55, 139

29, 9774,8742,234

3,3915,4684,0526,8302,597

25, 1626,810

18, 352

25, 8008,837

4171,7512,3164,1682,1271,536

4,88911, 2229,0794,7894,554

21, 905

2,1974,0972,1306,446

98, 07364, 77933, 294

97, 706

64, 3952,5588,5984,608

6,63313, 7039,521

15, 1903,9772,674

17,4383,0465,6083,029

30, 2632,921

10, 98410, 641

16, 6942,6316,6321,520

33,3117,5632, 1423,3802,7386,8952,4461,915

11,9105,002

16, 399

9,81312, 58726, 2415,0948,026

35, 945

5,01812,8167,104

17, 026

58, 58232, 14726, 435

55, 778

30, 0284,9322,302

3,5095,1723,7227,3042,384

25, 7506,925

18, 825

25, 7108,538

4591,7832,4184,1662,1361,598

4,81610, 9189,3454,9664,643

22, 337

2,0994, 1922,0486,727

97, 92164,83833, 083

98, 260

65, 0792,5878,6414,658

6,69713, 8769,690

15, 3394,0362,685

17, 4703,0355,5923,081

30, 6052,939

11, 12710, 717

17, 0042,6676,8471,541

33, 1817,4572,1453,3832,7546,9212,3801,930

11, 8494,977

16, 355

9,89212, 46526, 6135,1818,086

36, 023

5,10812, 9067,143

17, 285

52, 42228, 17124, 251

57, 111

31, 3994,8942,387

3,2205,4014,1138,0763,047

25, 7127,129

18,583

25, 4268,547

4451,6912,3664,1842,1651,541

4,60810, 9229,4815,0844,627

21, 974

2,0054,2912,1126,687

98, 14565, 14133, 004

98, 488

65, 2902,6268,7384,726

6,80113, 8619,676

15, 2623,9932,680

17, 6213,0915,6033,096

30, 5552,940

11,05510, 649

17, 1142,7076,8791,517

33, 1987,3362,1713,3812,7586,9432,4221,908

11, 8564,896

16, 446

10, 03712,41526, 4565,1368,173

36, 271

5,15912,7617,056

17, 337

53, 84128, 15225, 689

55, 968

30, 5374,8422,310

3,3045,3673,9217,5592,677

25, 4316,861

18, 570

25, 6128,750

4711,7522,3514,1222,1311,527

4,75911,1439,3934,2474,716

22,217

2,1044,2692,1216,630

97,80764,82732,980

98,658

65,3232,6588,7344,669

6,87713,8509,720

15,1853,9012,690

17,6523,1085,6003,056

30,5392,95511,04210,669

17,1322,6716,9281,460

33,3357,3762,1683,3382,7627,0152,4171,935

11,8774,88716,571

10,04012,49726,4725,0458,246

36,358

5,15912,7106,98617,418

57,97731,16626,811

55,523

29,8564,7092,253

3,5245,3463,6067,0262,409

25,6676,95218,715

25, 5678,822

4781,7442,3824,0432,1791,454

4,71611, 2209,3733,4534,595

21, 579

2,0854,5242,1846,423

98, 54265, 03633,506

99, 466

65, 6282,6848,8664,747

6,86614, 0049,780

15, 1624,0212,650

17, 7083,1625, 5843,099

30, 5222,975

11, 13910, 595

17, 3982,7297,0611,468

33, 8387,6322,1853,3972,7567,0692,4611,949

12, 1174,940

16, 781

10, 15812, 67926, 4395,1948,306

36, 690

5,19512, 4296,803

17, 659

55, 63228, 93626, 696

54, 190

28,5044,3481,977

3,3025,2533,9546,0622,255

25, 6867,053

18, 633

25,2538,653

4541,7182,3634,0702,1661,431

4,63211,0239,1253,4104,635

21,243

2,0514,2302,0366,567

99,25265,35533,897

100,032

65,9202,6888,9834,823

7,01114,0439,73415,1914,0972,626

17,8673,1905,6403,208

30,5513,03611,10710,492

17,5022,7577,0301,491

34,1127,7432,2233,3302,7847,1542,5551,959

12,2604,973

16,879

10,14212,78326,4045,2448,447

37,012

5,18512,3416,675

17,719

53,61128,24525,366

54,291

29,0094,5442,057

3,3335,3514,0516,3102,610

25',2826,902

18,380

25, 7968,774

4951,8182,3884,1462,3151,358

4,87111,2718,8644,4434,792

21, 579

2,1834,0402,0216,512

99, 11965, 08434, 035

99,614

65, 5482,6488,8624,717

6,92814, 1279,650

15, 0294,2122,633

17, 9003,1085,6983,199

30, 1253,003

10, 99510, 337

17, 5232,7517,0841,493

34, 0667,7082, 1793,2842,8317,1882,5391,968

12, 4024,917

16, 747

10, 12312, 74026, 3215,3448,273

36,813

5,17912, 0886,493

17, 808

54, 67930, 00324, 676

56, 431

30, 6024,9622,586

3,2915,4124,3547,0172,449

25,8297,112

18, 717

25, 9598,787

4831,9102,4334,1282,3201,474

4,80911, 1629,1484,7644,762

21, 859

2,1043,9611,9136,672

99, 90265, 42334, 479

99, 801

65, 6102,6639,1594,939

6,99014,0139,468

14, 9134,1052,648

17, 9543,2195,7443,121

30, 0763,128

10, 73210, 310

17, 5802,8127,0051,482

34, 1917,8632,1873,2452,8217,1472,5291,940

12, 3084,962

16, 921

10, 06512, 94726, 2685,2248,328

36, 969

5,06112, 1296,189

17, 652

54, 50830, 09024,418

57, 377

31, 4055,4282,906

2,9165,4193,9857,8722,466

25, 9727,154

18, 818

26,4518,960

4711,9192,4534,3722,3171,531

4,80511,4329,2185,3314,818

22, 199

2,1244,0481,8986,700

100, 07565,64334, 432

99, 520

65,3472,653

. 9, 2104,958

6,96914, Oil9,431

14, 6924,0802,621

17, 8773,2305,7743,045

29, 7473,094

10,65510, 163

17, 7232,8867,0131,484

34, 1737,8572,2393,2622,7917,1732,4901,940

12,3114,949

16,913

10, 04412, 99426, 0865,1888,355

36, 853

5,05211,9986,020

17, 598

59, 63033, 02726,603

58, 288

31, 8675,1002, 543

3,0755,4623,9588,5992,138

26, 4217,175

19, 246

26,4859,141

4791,9892,4814,2292,2611,540

4,88511, 5869,5155,3504,947

22,295

2,2524,2241,8876,785

99, 95065,70634, 244

99, 416

65, 3522,6529,2344,987

7,03313,9689,487

14, 6294,0952,619

17, 8633,2255,7653,001

29,6453,036

10, 63210, 168

17, 8442,9737,0581,460

34, 0647,8292,1953,2812,7667,1662,4531,957

12, 2074,912

16, 945

10, 07712, 95225, 9575,1958,398

36, 837

5,09511, 8796,008

17, 577

60, 63033, 62027, 010

58, 326

31,7735,1842,442

3,2315,7033,9457,8642,451

26, 5537,360

19, 193

••26,655' 9, 153

'476' 1, 921' 2, 466' 4, 329r 2, 287'1,578

' 4, 941'11,647

r 9, 129' 5, 026'5,033' 22, 650

' 2, 320' 3, 912' 1, 825' 6, 559

'100,222'65,980'34,242

' 99, 426

'65,391' 2, 650' 9, 132

4,942

' 7, 040'13,946' 9, 473

'14,753' 4, 178' 2, 615

'18,192'3,213' 5, 838'3,119

'29,491'3,014' 1C, 599'10,174

'17,7082,9056,9821,460

'34,0357,7772, 1953,2562,7777,0972, 4491,951

'12,224' 4, 936

'16,875

' 10, 109'12,967' 26, 002'5,284' 8, 392

'36,672

' 5, 105'11,855

6,108'17,664

'58,711'31,787'26,924

'57,279

'30,636r 5, 030' 2, 335

r 3 145r5,302' 3, 907' 7, 218' 2, 172

'26,6i3' 7, 27019,373

26,8459,137

4711,9722,5014,3842,2381,588

5,02511,5279,3914,9765,097

23, 106

2,2724,0781,9756,767

100, 50866, 12934, 379

99, 525

65, 3662,6569, 0504,912

7,17713,8479,430

14, 8284,2812,645

18,4723,2235,8583,260

29, 2812,983

10,46110, 136

17,6132,8446,9581,432

34, 1597,8942,1623,2782,7697,1582,4721,929

12, 1964,962

17,001

10, 06013, 06725, 8355,3888,455

36, 720

5,05611,729

6,07217,694

57, 66330, 95126,712

57, 895

31,0624,9672,120

3,3215,4264,0587,2852,144

26, 8337,373

19, 460r Revised. i Based on data not seasonally adjusted. 2 Advance estimate; total mfrs.

new orders for May 1971 do not reflect revisions for selected components. fSee correspond-ing note on p. S-7. 9 Includes data for items not shown separately. ©Includes textilemill products, leather and products, paper and allied products, and printing and publishing

industries; unfilled orders for other nondurable goods industries are zero.HFor these industries (food and kindred products, tobacco products, apparel and related

products, petroleum and coal products, chemicals and allied products, and rubber and plasticsproducts) sales are considered equal to new orders.




1969 1970

Annual

1970


1971



MANUFACTURERS' SALES, INVENTORIES,AND ORDERS! -Continued

New orders, net (seas. adj.)f— ContinuedBy market category:

Home goods and apparel _ _ _ .mil. $Consumer staples doEquip, and defense prod., excl. auto__ _ doAutomotive equipment doConstruction materials and supplies _ doOther materials and supplies do

Supplementary series:Household durables -do _Defense products (old series) doDefense products (new series) doProducers' capital goods industries do

Unfilled orders, end of year or month (unadjusted),total mil. $

Durable goods industries, total. _ doNondur. goods ind. with unfilled orders© do __

Unfilled orders, end of year or month (seasonallyadjusted), total f mil. $

By industry group:Durable goods industries, total 9 do

Primary metals _ _ _ _ do .Blast furnaces steel mills do

Fabricated metal products do^Machinery except electrical doElectrical machinery doTransportation equipment - do

Aircraft missiles and parts do

Nondur goods ind with unfilled orders© do

By market category:Home goods apparel consumer staples doEquip, and defense prod., incl. auto._ do.Constrtiction materials and supplies doOther materials and supplies do

Supplementary series:Household durables doDefense products (old series) doDefense products (new series) doProducers' capital goods industries do

BUSINESS INCORPORATIONS^

New incorporations (50 States and Dist. Col.):Unadjusted numberSeasonally adjustedO do

INDUSTRIAL AND COMMERCIALFAILURESd*

Failures, total numberCommercial service doConstruction do

Retail trade doWholesale trade do

Liabilities (current) total thous $Commercial service doConstruction doManufacturing and mining doRetail trade doWholesale trade do

Failure annual rate (seasonally adjusted)o.per

a 57, 7792 124, 3602109,426

2 57, 3152 54, 710

2255,601

2 26, 8112 47, 3172 23, 1182 78, 640

88, 41285, 4452,967

89, 221

86,2067,6573,896

10, 68417, 20213, 40631, 57024, 293

3,015

2,01448, 25310, 76728, 187

1,63330, 24620, 37224, 993

274, 267

9,1541,1591,5901 4934,070

842

1 142 113126, 537171,717406, 450265, 122172 287

2 37 3

2 55, 4912 132, 5282 108, 339

2 50, 6962 54, 991

2 258, 060

2 24, 8782 47, 1852 23, 4552 77, 149

81,87178, 7553,116

82, 626

79,4626,9143,851

11,08815 83913, 14827, 43220,306

3 164

1 87944,80411, 02824 915

1,51626 44219,50623 958

266 086

10, 7481,3921,6872 0354 650

984

1 887 754298, 736231, 533817, 841360, 603179 041

2 43 8

4,55310, 8679,0744, 3344,620

21, 691

2,1244,0831,8936,302

84, 65381, 6123,041

84, 797

81, 8247,0613,427

10, 55616, 58613, 58728, 61921, 943

2,973

1,94945, 81210,54626, 490

1,58928,05419, 19824, 221

21, 95222 267

89110916414538885

147 8889*289

19, 30683, 11823, 77412 401

42 1

4,84311,2158,4384,7484,657

21, 877

2,1633,5111,8506,281

83,90280, 9212,981

84, 146

81, 2217,1593,527

10, 80216, 34413, 35028, 35921, 599

2,925

1 89945, 13310, 64826, 486

1,55727, 46818, 91724, 059

23, 42222 192

91214313215739684

170 49816, 68021, 22993, 48529, 2329 872

43 4

4,75310, 9159,8044,9804,498

22, 161

2,0414,7733,0676,411

84, 18281, 2052,977

84, 229

81, 3017,1623,656

10, 69916, 17613, 46828, 57821, 850

2,928

1,82745, 60710, 50426, 291

1,49528,04919, 93623, 742

22, 83122,106

91612612319139878

251 92029, 15529,049

144, 51630, 13419, 066

46 8

4,63510, 9368,9664,9814,743

21, 707

2,0304,0561,8466,299

83,20080, 2702,930

83,492

80,5617,0663,678

10, 77315 97213, 39428, 15421, 696

2,931

1 86944, 98710, 62126 015

1,52127, 81419, 67023, 351

20,24122 055

91013116015738280

169 58763[ 93115, 16944, 03427, 43419 019

47 4

4,75111, 1468,9834,1844,941

21, 518

2,1073,4822,0056,759

82, 74779, 7762,971

82, 544

79, 5596,7263,509

10, 93115 76312, 96028, 01321, 302

2 985

1 86444, 51610, 84525 319

1,52527, 02819, 55423 480

21, 50122 372

90611111819939187

232 94055', 67815, 04491, 43154,97015 817

50 0

4,65111, 2389,1803,4224,753

20,946

2,0153,9542,1256,552

81,73578, 6643,071

81, 797

78, 6936,4813,417

11,01915 64612, 90027, 53720, 567

3,104

1 81844, 29111,00324 685

1,45526, 45619, 49623, 611

21, 45221, 625

941114149185419

74

144 77319, 95014, 10967, 60729,41013, 697

45 9

4,65011,0319,3493,2864,672

21, 303

2,0744,0772,0166,873

81, 35078, 2433,107

82, 014

78, 8836,5733,465

11, 06015, 70212, 90427, 58320, 456

3,131

1 84144, 38811,04124, 744

1,47626, 30219, 47523, 915

19, 17822,383

93912613317441492

119 8369,896

15, 39052 62429, 80912 117

50 8

4,90811, 2709,2264,4974,779

21, 751

2,2224,1812,0516,554

81, 87178, 7553,116

82, 626

79, 4626,9143,851

11, 08815, 83913, 14827, 43220, 306

3,164

1,87944,80411, 02824, 915

1,51626, 44219,50623 958

22, 69922 085

86911411217637295

121 72319] 96313, 66245, 82025, 90116, 377

44 5

4,80411,1599,7424,7824,420

22, 472

2,1073,9882,1706,990

83, 43780, 3163,121

83, 511

80, 3307,5974,504

10, 77415, 65613, 14427, 98120, 336

3,181

1,87445, 41810, 68725, 532

1,52226, 46919, 76924, 277

23, 37222, 338

90513414016738084

168 80326, 23539, 14557, 07330, 78515, 565

43 3

4,79911,4369,8505,3534,685

22, 165

2,1133,6182,3577,518

84, 54081, 3943,146

83, 994

80,8437,8944,739

10, 66115, 61013, 08428, 47119, 859

3,151

1,87046, 06910, 55525, 500

1,50926, 03920, 22725,093

19, 69820, 923

86010714117036181

150 90311,56713, 58276, 50130, 96018, 293

41 8

4,93611, 5979,0895,3754,949

22, 380

2,2963,7241,5806,767

84 43581, 2263,209

83 748

80 5268 0284 818

10 66415 63313 06727 98519 467

3 222

1 93545 66910 55725 587

1 55525 53919 92025 075

25, 75223, 220

1,042156154196444

92

224, 64695, 54718, 12847, 94938, 13224, 890

43 9

T 4, 96611,656r 8, 723'5,002'5,017

'21,915

' 2, 339'3,640' 1,500' 6, 225

'83,467' 80, 235' 3, 232

' 82, 598

' 79, 389' 7, 633' 4, 528

'10,629' 15, 453' 12, 966' 27, 527' 19, 154

' 3, 209

' 1,969'45,239' 10, 540'24,850

' 1,574'25,267'19,595' 24, 742

24, 38922, 770

989126159167440

97

153, 79619, 25223, 78853, 87341,36815,515

42 9

5,06311,5238,7155,0525,106

22, 436

2,3053,5461,5706,578

81,24177, 9923,249

81,370

78, 1736,9884,017

10, 65015,39012, 93626, 99718, 690

3,197

2,00244, 64010, 54924, 179

1,60724, 73719, 19024, 552

91213913417138583

249, 48946,03223, 88162, 175

104, 36713, 034

42.8

*

COMMODITY PRICES

PRICES RECEIVED AND PAID BYFARMERS

Prices received, all farm products! 1910-14=100__Crops 9 do

Commercial vegetables _doCotton doFeed grains and hay doFood grains _ __ _ _ doFruit _ doTobacco do

Livestock and products? doDairy products doMeat animals . _ doPoultry and eggs do

Prices paid:All commodities and services do _

Family living items doProduction items .__ do

All commodities and services, interest, taxes, andwage rates (parity index) 1910-14=100__

Parity ratio § do

274219298173167154242594321

326400162

324351304

373

74

280226294183177162237604326

345405151

336366314

390

72

279227324187171160224603323

328419132

334365312

388

72

280229298187173153257603324325422132

335366313

390

72

285232278190174151274603330

331424146

335366313

389

73

276227264191176161249610319

338403137

335367312

389

71

280234291185190170277610320351390152

339369317

392

71

274

230261193187173256589312

363378133

340369319

394

70

270231280187184175252606303367351143

340371319

395

68

264224263177192170209610299365342147

341372320

396

66

270231292178199171217612304360357143

343372322

400

68

284237317182201172234614324

357403136

346376325

403

70

282242353178201170253614317352393134

348376328

404

70

282244351188199171257614315345393134

349377329

407

69

286251351192199174284614316

339401129

351381330

410

70

288258347196205176329614314334401128

354383334

412

70

' Revised. » Preliminary. 1 Advance estimate; total mfrs. unfilled orders for May1971 do not reflect revisions for selected components. 2 Based on unadjusted data. t Re-vised back to 1961 to reflect revisions in the mfrs.' sales and inventories series and the retailinventories series. Data for mfrs.' sales, invent., and orders have been revised back to 1961to reflect new seas, factors and the introduction of a small number of other corrections. Re-vised data back to 1961, new seas, factors, and other technical data appear in a special Census

Bureau report entitled Mfrs.'Shipments, Inventories, and Orders: 1961-1970, Series M3-1.2(available from the U.S. Government Printing Office, Wash., D.C., 20402; price $1.00).

©See corresponding note on ">. S-6. 9 Includes data for items not shown separately.^Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).©Revisions for Jan. 1969-Ja i. 1970 will be shown later.§Ratio of prices received tc prices paid (parity index). {Revisions back to Jan. 1966

are available from the Dept. of Agriculture, Statistical Reporting Service.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1969 1970

Annual

1970

May June j July Aug. Sept. Oct. Nov. Dec.

1971


COMMODITY PRICES—Continued

CONSUMER PRICES

(U.S. Department of Labor Indexes)

Unadjusted indexes: JAll items . 1967=100.

Special group indexes:All items less shelter _ do_ _All items less food _ __ do _ _All items less medical care do

Commodities doNondurables do. _ _

Nondurables less food. doDurables 9 _ _ do _

Commodities less food .doServices do

Services less rent - - do

Food 9 . .. -doMeats poultry, and fish doDairy products _ _ d o _ _Fruits and vegetables do

Housing doShelter9 do

Rent doHomeownership do

Fuel and utilities 9 doFuel oil and coal _ _ - _ do_ _Gas and electricity do

Household furnishings and operation do ._Apparel and upkeep doTransportation do

Private doNew cars doUsed cars.. . . . ..do

Public doHealth and recreation 9 do

Medical care _ _ _ _ _ _ do_ _Personal care _ doReading and recreation do

WHOLESALE PRICEScf

(17. S. Department of Labor Indexes)

Spot market prices, basic commodities:!22 Commodities _ 1967=100

9 Foodstuffs do13 Raw industrials do

All commodities \ doBy stage of processing:

Crude materials for further processing. _ doIntermediate materials, supplies, etc doFinished goodsO _. do

Consumer finished goods . . .doProducer finished goods do

By durability of product:Durable goods doNondurable goods doTotal manufactures do

Durable manufactures _ . . doNondurable manufactures do

Farm prod., processed foods and feeds do

Farm products 9 ___ doFruits and vegetables, fresh and dried-doGrains doLive poultry doLivestock do

Foods and feeds, processed 9 do . .Beverages and beverage materials doCereal and bakery products doDairy products _ doFruits and vegetables, processed. doMeats, poultry, and fish . do

Industrial commodities .... do

Chemicals and allied products 9 do . .Agric. chemicals and chem. prod. doChemicals, industrial doDrugs and Pharmaceuticals. _ . .do _Fats and oils, inedible doPrepared paint do

Fuels and related prod., and power 9 doCoal doElectric power doGas fuels _ doPetroleum products, refined do

Furniture and household durables 9 doAppliances, household _ doFurniture, household doHome electronic equipment do

109.8

109.0110.1109.7

108.4108.9108.8107.0108.1112.5113.8

108.9110.8106.7109.3

110.8113.3105.7116.0103.6105.6102.8109.0

111.5107.2106.5104 4103. 1112 7

110 3113.4109 3108.7

1 110. 31 108. 91 111.4

106.5

108.3105.9106.6106.5106.9

107.9105.3106.2107.7104.6

107.9

108.8109.390.3

109.6117 0

107.3106.0102.6108.2107.9113.8

106.0

99.986.7

100.399.8

109.1109.1

101.0112.5102.093.199.6

104.9103.1108.394.7

116.3

114.4116.7116.1

113.5114.0113.1111.8112.5121.6123.7

114.9116.5111.8113.4

118.9123.6110.1128.5107.6110.1107.3113.4

116.1112.7111.1107.6104.3128.5116.2120.6113.2113.4

i 113. 41 112. 61 113. 8

110.4

112.2109.8110.4109.9111.9

112.4108.9110.2112.0108.2

111.6

111.0111.698.899.6

116.7

112.0112.9107.6111.2110.4115.8

110.0

102.288.4

100.9101.1133.3112 4

105.9150 0104 8103 3101.1

107.5105.3111 693.6

115.7

114.0116.0115.6

113.1113.9112.7111.1112.0120.7122.8

114.9117.4111.3116.4118.2122.7109.4127.5106.8108.4106.7113.2

115.7112.1110.5106.1104.9126.1115.4119.7112.8112.6

115.0111. 3117.5

110.1

113.3109.6109.7109.3111.1

112.2108.5109.7111.7107.7

111.2

111.3121.695.9

102.2120.9

111.1113.0106.4111.1110.2116.7

109.7

102.288.5

100.8100.7131.4112.4

105.3142.2103.5101.8102.0

107.1105.2111.593.2

116.3

114.4116.5116.0

113.5114.0112.9111.9112.5121.4123.5

115.2117.1111.6118.6

118.6123.5109.8128.5106.6108.6106.3113. 5

116.0112.7111.2105.8108.6127.0116.1120.5112.7113.3

113.8112. 1114.8

110.3

113.5109.8110.0109.6111.3

112.4108.7110.0112.0107.9

111.7

111.6120.396.795.1

121.7

111.7113.0106.4111.1110.5117.8

109.8

102.188.6

100.6100.9133.0112.4

304.8147.9103.6101.9100.0

107.4105.2111.693.2

116.7

114.8117.0116.4

113.8114.4113.0112.1112.5122.0124.2

115.8117.6111.9117.0119.2124.0110.1129.0

107.5109.6106.6113.7

115.3113.4111.7105.7108.5129.3

116.6121.3113. 1113.7

112.9113.6112.4

110.9

114.3110.2110.6110.3111.6

112.5109.6110.6112.2108.7

113.4

113.4110.896.7

100.0124.8

113.3113.1107.4111.3110.9120.3

110.0

102.587.8

101.4101.1132.5112.4

105.1150.5104.1102.5100.2

107.6105.2111.993.5

116. 9

114.9117.2116.7

113.8114.5113.0112.2112.6122.7124.9

115.9117.8112.1114.9119.9124.9110.5130.0

108.0110.1107.3113.9115.4112.7111.0105.5106.3129.4

117.2122.0113. 7114.2

112.9115.3111.2

110.5

111.3110.4110.1109.5111.9

112.6108.8110.6112.3108.6

111.2

108.598.096.794.6

117.3

112.9113.7108.0111.7111.6116.7

110.2

102.788.4

101.2101.6137.8112.4

105.8152.8104.8102.6100.9

107.7105.4112.193.5

117.5

115.4118.0117.2

114.2114.9114.1112.5113.4123.5125.8

115.7117.0112.5111.5120.6125.9110.9131.3

108.4111.4107.6114.2

117.2113.0111.2105.1104.9131.2

117.7122.6114.0114.7

112.0114.3110.5

111.0

113.0110.6110.8110.4112.3

112.8109.6110.8112.5108.8

112.6

112.1111. 6109.099.8

113.6

113.0114.1109.2111.4112.0115.1

110.4

102.589.0

101.3100.9127.9112.4

107.1160.0105.4106.9101.6

107.8105.3112.093.5

118.1

116.0118.9117.9

114.8115.2114.9113.9114.5124.1126.5

115.5116.1113.1110.0121.2126.5111.4131.9109.2112.5108.8114.5118.2115.2113.4110.8107.2131.3118.2122.8114.4115.2

110.9113. 0109.5

111.0

111.3110.9110.9110.1113.8

113.8108.9111.2113.6108.6

110.3

107.8100.8104.193.4

110.6

111.8114.5109.9112.0111.1110.9

111.3

103.089.5

101.5101.2144.4112.7

108.7175.2107.2107.0101.6

108.0105.9112.193.7

118.5

116.3119.6118.3

115.1115.3115.4114.7115.1124.9127.3

114.9114.3113.5109.4

121.9127.1111.8132.5110.7113.9109.9115.1119.0116.0114.2112.5108.8132.5118.7123.4114.5116.0

109.2109.7108.8

110.9

108.7110.9111.4110.5114.2

113.7108.8111.2113.6108.6

109.9

107.0107.7104.295.2

101.2

111.7114.7110.6112.2111.6108.8

111.3

103.389.5

101.5101.6151.5112.7

109.7175.8108.2106.5103.1

108.4106.1112.494.2

119.1

116.8120.2118.8

115.6115.6115.7115.2115.5125.6128.0

115.3113.7113.6110.6122.6127.9112.6133.4

111.3114.9110.7115.3119.2116.9115.2114.1109.5133.4

119.1124.2115.0116.2

107.2108.3106.4

111.0

108.6111.0111.5110.5115.1

113.8108.9111.2113.8108.5

109.3

107.1111.3108.080.599 5

110.7114.3110.9112.8111.0104.3

111.7

103.389.4

101.4101.8150.9112.8

112.8175.8108 7107.5107.5

108.7106.4112.794.2

119.2

117.0120.3118.9

115.4115.4115.3115.2115.2126.3128.7

115.5113.1113.9109.6

122.7128.0112.9133.4112.1116.7111.5115.4

117.6117.5115.8115.4107.0133.9

119 8124.9115 3117.3

107. 1108. 9105.9

111.8

110.7111.5112 2111.3115.6

114.5109.7111.8114.4109.1

110.7

108 9115.7111.096 3

102 2

111.8115.0111.0112 8111.2108.6

112.2

103.891.7

101.8101.9133.7114 5

113.5176.0109 8109 3107.9

109.3107 0112 994.4

119.4

117.4120.4119.1

115.5115.7115.4115.0115.2126.6129.0

115.9113.6114.0112.6122.6127.3113.6132.3113. 1117.2112.8115.9

118.1117. 5115.8115.2105.5134 4120.2125.8115.4117.5

109.9113.7107.2

112.8

115.9111.8112.8112.0115.9

115.0111. 1112.4114.9109.8

113.6

113 9118.3111 7100 0118 9

113.3115.2111.1112 3111.5115 2

112 5

104.292 6

101 9102.4142 6114 5

113.0176 0110 2108 1106.9

109.7107 1113 994.2

119.8

118.0120.6119.4

116.1116.4115.7115.2115.5126.6128.9

117.0115.6114.2116.0

122.4126.7113.9131.2

113.8117.4113.3116.4

118.6117.8115.9114.3106.8136 0

120 6126.8115 8117.7

109.3111.6107.8

113.0

114 3112.6112 9112.1116.0

115.5111. 1112.7115.5109 9

113.4

113 0125.3108 4100 1114 9

113.7115.3111.5115 0111.9112 9

112 8

104.593 9

102 2102. 6144 3115 1

112.8176 0111 1109 4105.9

109.6107 0114 093.7

120.2

118.6120.9119.8

116.6116.9116.0115.7115.8126.8129.1

117.8115.7114.6120.0122.5126.5114.4130 9

114. 1117.3113 9117.0

119.1118 1116 2113 8109 8136 4121 2127 5116 3118. 4

109.7109.0110.2

113.3

115 2113 1112 9112.0116.1

116.1111 2113.0116. 1109 9

113.3

113 0120 8106 899 5

116 9

113 5115.6111.5115 5113.0113 3

113 3

104 594 1

101 9102 0143 0115 9

113.0184 0112 3105 9105.3

109.7107 1114 193.7

120.8

119.2121.6120.4

117.2117.4116.6116.6116.6127.5129.8

118.2115.8115.1121.4123.2127.2114.7131.6114.4117.2114.4118.1120.2118.8117.0113.9112. 8136.4

121.6128.1116.5118.9

108.8109. 1108.6

113.8

115.8113.6113.5112.7116.3

116.5111.8113.5116.5110.5

114.3

114 0127.5107 2101 3119 0

114 5115.7111.5116 2114.0116 4

113 7

104 393 8

101 5101 9138 8115 9

114.2182 8112 6106 9107.4

109.9107 1115 093.7

108.1111.1106.1

114.3

116 9114 0113 8113.1116.5

116.7112 5113.8116 7110 8

115.4

116 0136 1109 4108 1118 9

114 ()115.7111.5116 1115.4116 7

113 9

104 494 1

102 2102 3139 o115 9

114.4182 5113 0107 5107.4

109.8107 1115 9

93.6/ Revised. * Preliminary. 1 Computed by QBE. 9Includes data for items not

shown separately. d"For actual wholesale prices of individual commodities, see respectivecommodities. JNew reference base; comparable data for earlier periods will be shownlater. O Goods to users, incl. raw foods and fuels.



COMMODITY PRICES—Continued

S-9


1969 1970

Annual

1970


1971


WHOLESALE PRlCEScf—Continued(U.S. Department of Labor Indexes— Continued)

All commoditiest—ContinuedIndustrial commodities—Continued

Hides, skins, and leather products 91967=100.

Footwear do.__Hides and skins do-__Leather do.__

Lumber and wood products d o _ _ _Lumber do.__

Machinery and equipment 9 do..Agricultural machinery and equip do..Construction machinery and equip do_.Electrical machinery and equip do.Metalworking machinery and equip do..

Metals and metal products 9 do_.Heating equipment do_.Iron and steel . do..Nonferrous metals do_.

Nonmetallic mineral products 9 do._.Clay prod., structural, excl. refractories

do...Concrete products 4°---Gypsum products a o _ _ _

Pulp, paper, and allied products. d o _ _ _Paper do.__

Rubber and plastics products § do...Tires and tubes do...

Textile products and apparel 9 do_Apparel do_.Cotton products... do_Manmade fiber textile products do_Silk yarns do_.Wool products do.

Transportation equipment9---Dec. 1968=100--Motor vehicles and equip ...1967=100-.

Miscellaneous products 9 doToys, sporting goods, etc doTobacco products.. do—

PURCHASING POWER OF THE DOLLAR

As measured by-Wholesale prices!Consumer prices!

1967=$!. 00.do...

108.6109.1124.1108.7125.2131.5

106.4108.5110.0102.9107.8

108.5105.3107.1113.6

108,1

106.0106.5103.5104.2106.0105.4102.3

105.9107.2104.5106.698.7

101.3

100.7104.7104.9105.2107.0

.911

110.1113.0104.4107.7113.7113.7

111.4113.0115.5106.4114.0

116.7110.6115.1125.0

113.3

109.8112.2100.0108.2111.0108.6109.0

107.2111.0105.6102.1114.399.4

104.5108.5109.9109.4114.0

.860

110.4112.9108.1109.2114.8114.7

110.6112.3114.4105.6114.1

117.4109.7114.8130.0

113.0

109.8111.4101.2108.2110.5107.5105.9

107.2110.5105.1103.5119.1100.5

103.2107.0108.1108.8109.9

$0.908.864

109.9112.999.6

108.6114.0113.5

111.0112.0114.4106.3114.5

117.8110.5116.0128.2

113.0

109.8112.098.0

108.1110.6107.4105.9

107.2110.9105.2102.9116.099.5

103.3107.1110.7109.5117.2

$0.907.860

109.8112.996.4

108.6113.5112.4

111.5112.3114.6106.7114.9

117.7111.4116.2126.2

113.2

109.9112.298.0

108.4110.8109.0112.0

107.1110.9105.1102.2116.999.3

103.2107.0111.1109.5116.7

$0.902.857

109.8112.998.5

107.8114.0113.5

111.6112.4114.9106.9114.3

117.5111.5116.1125.0

113.6

109.9112.8101.8108.2111.4109.7112.0

107.4111.4105.6101.7116.999.1

103.3107.1111.2109.8116.7

$0. 905.855

109.9113.799.6

105.9114.2114.5

112.1113.1115.4107.5114.3

117.4112.0116.7122.7

113. 8

110.5113.696.5

108.3111.5109.4112.0

107.5112.0105.7100.7112.398.7

103.6107.3111.5110.1117.0

$0. 901.851

110.4113.8103.2107.1113.1113.8

112.7114.0117.7107.6114.6

117.7112.8117.4122.0

114.2

110.7113.797.1

108.9111.9109.5112.0

107.3112.3106.099.1

112.497.7

108.2112.5111.6110.6117.0

$0. 901.847

110.9113.8109.2107.3111.9112.2

113.1115.2118.9107.9114.7

116.8112.8116.5119.4

114.6

110.9113.996.0

108.7112.1109.1112.0

107.1112.4106.298.0

110.597.7

108.5112.8111.8110.4117.0

$0. 902.844

110.4113.9101.9107.3111.1111.1

113.8116.3119.6108.2115.1

116.2112.7116.5116.7

115.1

111.3114.595.1

108.5112.1109.4112.0

106.7111.9106.997.5

111.296.8

108.9113.4111.9110.5117.0

$0. 901.840

111.7116.098.9

108.2112.2113.0

114.2116.3120.2108.8115.2

116.5113.6117.6115. 4

118.8

111.4117.197.0

109.0112.6108.4107.5

106.9112.3107.197.2(096.2

109.5113.9112.3111. 7116.8

$0.894

112.4116.3105.3108.7117.5120.3

114.6116.8120.5109.3116.0

116.4114.1118.0114.2

119.0

112.7117.697.9109.3112.7109.1107.5

106.7112.0107.597.40)95.4

109.7114.1112.6112.3116.9

$0.887

112.5116.5105.5108.6123.4129.0

114.9116.5120.8109.7116.0

116.5114.5118.2113.7

120.9

113.6118.598.9

109.3113.1109.1107.5

106.9112.2107.897.60)94.5

109.5113.8112.8113.1116.9

53.885.835

114.0116.6121.1111.0124.6131.5

115.0116.7120.9109.5116.6

117.8114.7118.4117.2

114.5119.4101.0109.6114.3109.0107.5

107.5112.2108.998.60)4.4

.0)94.

109.7114.1112.7112.5116.5

$0. 883.832

114.4116.7121.4113.0124.9132.8

115.3116.6121.1109.4117.4

118.5115.1120.1117.2

121.8

114.5119.6101.2109.9114.2108.7107.5

107.8112.2109.699.70)93.5

109.8114.2112.5112.4116.5

114.2116.8114.0114.4126.1134.4

115.5116. 9121.2109.4117. 9

118.5115.2120.3116.4

122. 2

114. 5120.1104.0110.2114.3108.7107.5

108.5112.3110.9101.40)93.4

110.0114.4112.6112.6116.5

$0. 875

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE

New construction (unadjusted), total mil. $_.

Private, total 9 doResidential (nonfarm) do

New housing units do

Nonresidential buildings, except farm and pub-lic utilities, total 9 mil. $„

Industrial doCommercial do

Public utilities:Telephone and telegraph do

Public, total 9 do

Buildings (excluding military) 9 doHousing and redevelopment doIndustrial do

Military facilities doHighways and streets do

New construction (seasonally adjusted at annualrates), total bil $

Private, total 9 do

Residential (nonfarm) doNonresidential buildings, except farm and pub-

lic utilities, total 9 bil. $__Industrial doCommercial do

Public utilities:Telephone and telegraph do

Public, total 9 do

Buildings (excluding military) 9 doHousing and redevelopment doIndustrial do

Military facilities doHighways and streets do_

90, 866

62, 80630, 60323, 689

22, 0336,373

10, 136

2,172

28,060

11, 2261,047

512

9459,276

91, 266

63, 07929, 27321,914

22, 2925,930

10, 521

2,952

28, 187

10, 6571,105

496

7919,989

7,710

5,3052,4851,743

1,891498890

235

2,405

8878948

72904

89.7

62.7

29.2

22.45.9

10.6

2.8

27.0

10.51.2.5.9

9.5

8,202

6,5462,5921,876

1,948521925

271

2,656

95310447

75986

90.1

61.7

27.7

22.75.9

10.9

2.9

28.4

10.51.1.5.8

9.9

8,307

5,5812,6501,990

1,898519874

275

2,726

8938724

501,144

89.1

60.7

27.0

21.95.9

10.0

3.3

28.4

10.41.0.4.6

10.0

8,584

5,7372,7072,075

1,983543922

266

2,847

9848642

821,134

90.0

61.5

27.5

22.46.2

10.2

3.0

28.5

10.51.0.6.8

9.8

8,507

5,8132,7212,093

2,010531964

276

2,694

9269347

761,061

91.0

62.7

28.8

21.85.7

10.4

3.3

28.3

10.5.9.5.7

10.0

8,397

5,8762,7472,098

1,998528964

281

2,521

8144645

81984

92.3

64.5

30.5

21.86.0

10.2

3.2

'27.9

10.4.8.5.9

9.7

8,245

5,7102,7352,101

1,881498896

285

2,535

98810636

68849

92.9

64.5

31.8

20.65.89.3

3.2

28.3

10.5.9.4.7

'10.2

7,689

5,5052,6272,053

1,840480892

282

2,184

90014150

63686

r99. 1

66.9

33.3

21.55.4

10.4

3.1

'32.2

'12.31.3.6.8

11.7

6,743

4,8052,3471,856

1,637402786

187

1,938

8318844

66555

' 100. 0

69.9

34.4

23.55.9

11.6

2.9

'30.1

'11.4'1.2

.51.0

12.3

6,590

4,5782,1901,725

1,574387771

207

2,013

8599237

57604

102.6

70.8

35.6

23.25.6

11.8

2.9

31.7

'11.3'1.3

.5

.913.5

' 7, 282

' 5, 113' 2, 492' 1, 996

1,706406865

267

2,169

8439842

61711

102.2

'72.1

'36.8

'23.15.2

12.2

'3.2

30.0

10.4.9.5.9

11.6

' 8, 216

' 5, 827' 2, 923' 2, 356

'1,914'440'970

278

' 2, 389

94710651

63780

' 103. 8

'74.2

'38.0

'23.8'5.5

'12.2

3.4

'29.6

11.11.2.5.8

10.1

8,968

6,2233,2812,644

1,931442986

2J 745

56

73

103. 9

'^3.5

38.6

22.8!5.2

rSO. 4

i.6.9

).

' Revised. v Preliminary. 1 Series discontinued,cf See corresponding note on p. S-8. JSee corresponding note on p. S-8.

data for items not shown separately.9 Includes

§Beginning Jan. 1970, retitled to read "rubber and plastics products" to cover the directpricing of plastic construction products; continuity of the group index is not affected.




1969 | 1970

Annual

1970


1971


CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION CONTRACTS

Construction contracts in 50 States (F. W. DodgeDivision, McGraw-Hill): 0

Valuation, total --- . . mil. $

Index (mo. data seas. adj.)cf . 1967=100

Public ownership mil. $Private ownership ._ _ . _ d o _ _By type of building:

Nonresidential ._ doResidential . _ __ _ do

Non-building construction . doNew construction planning

(Engineering News-Record) Q do

HOUSING STARTS AND PERMITS

New housing units started:Unadjusted:

Total (private and public) thousInside SMSA's .- do..

Privately owned doOne-family structures . do..

Seasonally adjusted at annual rates:Total privately owned . do

One-family structures do

New private housing units authorized by buildingpermits (13,000 permit-issuing places) :J

Monthly data are seas. adj. at annual rates:Total thous

One-family structures do

Manufacturers' shipments of mobile homes:*Unadjusted doSeasonally adjusted at annual rates do

CONSTRUCTION COST INDEXES

Dept. of Commerce composite 1957-59=100..

American Appraisal Co., The:Average, 30 cities 1913=100

Atlanta doNew York doSan Francisco doSt. Louis. do

Associated General Contractors of America, Inc.,The (building only) 1957-59=100_.

Boeckh indexes:Average, 20 cities:

Apartments, hotels, office buildings...!957-59=100. .Commercial and factory buildings do -Residences do

Engineering News-Record:Building doConstruction . . . _ do. .

Federal Highway A dm.— Highway construction:Composite (aver for vear or otr )rT 1967 100

CONSTRUCTION MATERIALS

Output index: JComposite unadjusted 9 1947-49 — 100

Seasonally adjusted do

Iron and steel products unadjusted doLumber and wood products unadj doPortland cement unadjusted do

REAL ESTATE

Mortgage applications for new home construction:FHA net applicationst thous units

Seasonally adjusted annual ratesl doReouests for VA appraisals do

Seasonally adjusted annual rates J do

Home mortgages insured or guaranteed by-Fed. Hous. Adm.: Face amount mil $Vet Adm ° Face amounts do

Federal Home Loan Banks, outstanding advancesto member institutions end of period mil $

New mortgage loans of all savings and loan associa-tions estimated total mil $

By purpose of loan:Home construction doHome purchase . doAll other purposes do

Foreclosures f number

Fire losses (on bldgs contents etc ) mil $

' 67, 446

1124

' 22, 687r 44, 759

' 25, 641r 25, 261' 16, 545

57, 164

1, 499. 61, 096. 51, 466. 8

810.6

1,322625

412.7

142

1,0501,1581,1161,0541,021

150

151.8149.1148.0

149.9167.2

111 8

166 2

167 8164 5204 2

184 9

138.2

7, 120. 634 073 86

9 289

21 847

4 75711, 2445,836

95 856

1 952 02

' 67, 097

U23

' 23, 188' 43, 909

' 24, 180' 24, 428' 18, 489

66, 937

' 1, 467. 0' 1, 033. 2' 1, 433. 6

r 812. 9

' 1, 341642

f 401. 2

152

1,1321,2541,2021,0881,116

166

162.7160.3155.9

158.5181.5

125 6

166 4161 8194 3

299 1

143 7

8, 113. 733 442 90

10 615

21 387

4 15010, 2396 998

plOl 015

2 263 92

' 5, 332

110

' 1, 901••3,600

'1,715' 2, 058' 1, 559

6,457

127.388.4

125.074.8

1,242728

1,309600

32.9380

148

1,1171,2311,1781,0621,138

159

159.4157.7153.3

156.4177.0

180 7163.8217.6

24 4271

12 2133

527. 06237 52

10 008

1 586

373741472

8,553

186 94

' 6, 671

120

2,3054,365

1,9592,2702,441

4,916

141.692.4

135.283.0

1,393835

1,285619

35.6369

151

1,1271,2311,1771,0581,137

164

159.8157.9153.6

157.5180.1

121 3

190 9162.6239 0

27 3291

11 5126

696. 27269 66

10 236

2 086

3981,017

671

8,998

177 67

' 6, 241

116

2,1574,084

2,4892,3771,376

5,248

143.4103.4140.875.5

1,603827

1,309638

37.1436

153

1,1501,2611,2261,1061,138

168

163.8161.9157.5

160.9186.0

176 8184.0

183 7165. 1253.4

26 2297

12 7126

705. 61297 73

10 373

2 080

3931,071

616

8 672

177 85

' 6, 310

135

' 2, 181' 4, 129

' 2, 357' 2, 379' 1, 575

4,829

131.693.4

128.777.3

1,425838

1,378676

38.4410

155

1,1581,2631,2291,1101,140

171

164.1162.1157.8

161.4186.6

174.7158.9

175 8167.2249. 1

27 3327

13 2152

751. 81306 24

10 446

2 111

3691,147

595

8,557

200 93

' 5, 466

118

' 1, 889r 3, 577

' 1, 965' 2, 198' 1, 303

4,303

133.489.2

130.976.0

1,509881

1,388679

41.4431

156

1,1581,2681,2291,1101,140

172

167.7165.2159.3

162.6187.2

134 0

172.9166.0

168 0170.3228.2

28 9337

12 0139

788. 61325 77

10 524

2 183

3881,100

695

8,431

176 27

' 5, 508

115

' 1, 903' 3, 604

' 1, 889' 2, 319r 1, 299

7,555

143.499.7

140.979.4

1,583890

1,523697

40.8427

156

1,1671,2681,2291,1111,140

176

168.1165.3159.6

163.6188.6

173.0153.0

166 3176 7234 1

07 g326

14 3168

867. 76340 56

10 539

2 127

4061,032

689

p 8, 770

185 67

' 5, 181

130

1,7903,390

1,7151,9611,504

7,013

128. 391.0

129.667.4

1,693934

1,487703

30.5421

157

1,1771,3231,2331,1261,147

179

169.2166.5160.6

164. 3190.2

146.8154.2

141.5152.7178.6

23 434511 1157

769. 79318 97

10 524

1 972

355919698

v 8, 363

158 49

' 5, 017

132

1,7343,283

1,7162,0621,239

6,023

123.989.5

121.469.0

2,0541,240

1,768876

27.0401

'157

1,1851,3231,2331,1281,147

181

169.9167.2160.7

164.2190.2

130 2

152 5153.0158. 2

33 4474

10 4149

751. 18317 70

10 615

2 474

416968

1,090

v 9, 043

224 02

4,383

117

1,4642,919

1,7111,6311,041

4,682

114.885.9

110.654.9

1,725946

*<

1,635806

24.5395

' 157

1,1901,3231,2911,1381,153

183

170.9167.8161.0

165.9192.8

145 5156.1103.4

24 1371

12 0190

771. 56298 85

10 326

1 667

307752608

200 66

4,993

126

1,5783,415

1,6541,8181,521

5,481

104.677.5

102.258.3

1.754985

1,563760

28.4404

'156

1,1941,3641,2911,1421,153

184

171.2167.9161.3

166.4193.0

143 6

116.1

27 3350

12 5174

734. 61299 69

9 926

1 887

346818723

202 26

6,386

141

1,7224,664

2,1992,7291,458

5,245

169.3123.6167.991.6

1,9591,048

1,627796

35.6419

'158

1,2111,3931,3051,1631,168

184

172.5169.6163.6

167.7193.9

124 1

36 6336

17 9183

849.48307 20

9 690

2 795

5211,1431,131

221 54

7,743

161

2,0745,669

C2,0803,1682,495

4,580

' 203. 6' 147. 3' 201. 1' 116. 0

'1,912' 1, 098

1,638833

42.8478

'160

1,2181,3931,3051,1681,168

186

174.2169.8165.2

173.5198.9

35 1347

19 9210

759. 52351 49

'3 168

'597'1,306' 1, 265

194 02

7,555

141

2,0655,489

2,2643,3101,981

5,502

' 201. 9' 143. 0' 196. 9'115.1

' 1, 959' 1, 120

' 1, 927'921

40.9473

161

188

173.5171.5165.2

176.8203.0

32 4374

19 0218

793. 73

3 432

6221,4511,359

195 50

2,837

pj.95 3P 137. 0P192 3P115 5

P! 982P! 165

P! 817p 914

174.2171 9166 0

2 179. 22 207. 2

' Revised. p Preliminary. 1 Computed from cumulative valuation total. 2 indexas of July 1, 1971: Building, 180.3; construction, 208.9. O Data for Jan., Apr., July, Oct.,and Dec. 1970 are for 5 weeks; other months, 4 weeks. *New series. Data from MobileHome Manufacturers' Association; seasonally adjusted annual rates calculated by Bu.of the Census. 0Data for all periods shown here are on a 50-State basis. d"New Base;comparable data for earlier periods will be shown later. J Revisions for Jan. 1967-Oct. 1970

for permits, for 1961-68 for FHA applications, and for 1961-Feb. 1969 for requests for VAappraisals (seas. adj. annual rates) will be shown later. Revisions for 1964-68 for constructionmaterials output indexes appear in the Dec. 1969 issue of Construction Review (BDC).t Re vised series. c Corrected.

9 Includes data for items not shown separately. § D ata include guaranteed direct loans sold.


July 1971 SURVEY OF CURRENT BUSINESS S-ll


1969 1970

Annual

1970


1971


DOMESTIC TUADE

ADVERTISING

Marketing/Communications advertising index,seasonally adjusted :f

Combined indexf 1957-59=100Television (network) doSpot TV doMagazines doNewspapers do

Magazine advertising (general and natl. farm maga-zines) :

Cost, total mil. $Apparel and accessories doAutomotive,incl. accessories. . _do .Building materials doDrugs and toiletries _ doFoods, soft drinks, confectionery do

Beer, wine, liquors doHousehold equip., supplies, furnishings.. doIndustrial materials doSoaps, cleansers, etc _ . doSmoking materials doAllother do

Newspaper advertising expenditures (64 cities) : ©Total* mil. $

Automotive doClassified doFinancial- . ... - - , .. do . .General doRetail do

WHOLESALE TRADE

Merchant wholesalers sales (unadj.), total, mil. $..Durable goods establishments doNondurable goods establishments ..- do

Merchant wholesalers inventories, book value,end of year or month (unadj.), total mil. $._

Durable goods establishments doNondurable goods establishments do _ _ _

RETAIL TRADE

All retail stores:Estimated sales (unadj.), total . mil. $

Durable goods stores 9 _ > doAutomotive group _ . do __

Passenger car, other auto, dealers doTire, battery, accessory dealers do

Furniture and appliance group? doFurniture, home furnish ings stores doHousehold appliance, TV, radio do ...

Lumber, building, hardware group doLumber, bldg. materials dealers d" doHardware stores _ _ _ do

Nondurable goods stores 9 _ _ doApparel group. do

Men's and boys' wear stores doWomen's apparel, accessory stores .doShoe stores.. _ do

Drug and proprietary stores. _ .doEating and drinking places _. doFood group _ _ do

Grocery stores _ _ . doGasoline service stations do

General merchandise group with non-stores 9 mil. $

General merchandise group without non-stores 9 § mil. $..Department stores do

Mail order houses (dept. store mdse)_doVariety stores do

Liquor stores . do

Estimated sales (seas, adj.), total do

Durable goods stores 9 doAutomotive group do

Passenger car, other auto, dealers doTire, battery, accessory dealers do

Furniture and appliance group 9 doFurniture, homefurnishings stores doHousehold appliance, TV, radio do

Lumber, building, hardware group doLumber, bldg. materials dealers d" doHardware stores do. .

1,245.360.6

114.426.5

158.7101.5

101.876.560.015.748.2

481.4

236,708109, 578127, 130

24,36514,3769,989

351, 633112, 77966,91162,0484,863

16,71910, 4395.223

14, 56211, 2783,284

238,85420, 1584,7617,6063,505

11,86325,84975,86670,95525, 116

58, 615

53, 08336,4113,5196,5487,403

199249318165127

1, 192. 750.896.521.0

156.699.5

98.171.243.916.364.7

474.0

246, 643111,778134, 865

26, 62215, 31811, 304

364, 571109, 69462, 84757, 7375,110

16, 81710, 3935,226

14, 53511,3153,2^0

254, 87720, 3964,6837,7103,619

12, 75027, 87281, 46676, 07126,504

62, 867

56, 85238, 5583, 8347,0568,060

205262321172126

121.24.1

11.13.1

15.19.7

9.19.75.11.95.6

46.6

i 221. 1»5 .9

J57.4i 14.1128.8

i 114.9

20, 2479,294

10, 953

24, 93814, 92110, 017

31, 326

9,8335,8595,400

459

1,355860410

1,288988300

21, 4931,634

373618291

1,0402,4527,0256,5572,298

5,007

4,5303,067

286584671

30, 5029,3205,3494,909

440

1,435876461

1,217936281

208293323161121

101.02.09.01.7

15.28.4

10.05.84.81.45.3

37.5

21, 29110, 02011,271

25, 08215, 0889,994

31,41510, 4186,2725,798

474

1,407884437

1,3781,063

31520, 9971,618

377610296

1,0292,4746,7816,3192,344

4,930

4,4523,056

266549652

30, 5189,4115,4835,068

415

1,413857452

1,216924292

204247333170134

70.71.15.9.8

11.57.6

6.34.22.81.04.5

25.0

20, 9729,699

11,272

25, 09215,1359,957

31, 1439,9595,8605,389

471

1,395854450

1,3811,079

30221,1841,500

344566263

1,0312,5547,1126,6392,414

4,790

4,3232,919

278532697

30, 7299,4875,5445,113

431

1,395848443

1,221931290

202250330165129

71.04.74.91.2

10.55.5

4.33.33.01.05.7

26.9

20,6239,437

11, 186

25,29515, 24610, 049

30, 404

9,2295,1784,739

439

1,392870429

1,3651,086

27921, 1751,625

335608319

1,0472,6126,8596,3872,275

5,060

4,5693,069

298565687

30, 7819,5035,5225,090

432

1,399851445

1,236958278

190230313163117

102.67.87.12.0

13.46.5

7.06.63.91.26.2

40.9

21,4109, 794

11,616

25, 57915, 19710, 382

29, 7399,0394,9864,573

413

1,377856420

1,3191,051

26820, 7001,653

353621336

1,0472,4316,6656,2152,141

5,046

4,5493,099

304555648

30, 8859,5565,6525,214

438

1,345856402

1,237958279

199245319163133

123.75.9

11.42.3

14.910.5

9.99.24.01.86.5

47.3

21,7579,86311,894

26,27215,32810,944

31,8499,5395,2934,840

453

1, 459912447

1,3621,076

286

22,3101,820

405696335

1,0792,4657,2276,7752,241

5,503

4,9503,350

354595698

30,534

8,9274,9424,515

427

1,384861433

1,228953275

201252325156137

120.64.38.51.6

14.411.2

11.78.23.41.76.4

49.3

20, 7049,121

11, 583

26, 62715, 32211, 305

30, 2188,2344,2913,847

444

1,464936434

1,210938272

21, 9841,841

434698315

1,0462,2606,5236,0872,211

6,077

5,4373,677

455629702

30, 2088,3804,4474,016

431

1,388890411

1,245972273

197229335165128

95.92.85.11.0

12.39.2

15.14.82.31.16.6

35.6

21,4049,095

12,308

26,62215,31811,304

37,6209,3064,3993,903

496

1,8171,049

611

1,248889359

28,3142,935

7351,112

420

1,4522, 2837,4836,9892,278

9,413

8,7896,013

5011,187

95330,4818,6594,7134,313

400

1,354863415

1,2571,002

255

188213284172132

69.81.96.4.6

9.44.3

2.62.42.4.9

8.130.8

227.76.7

55.410.231.9

123.5

19, 1818,271

10,910

26, 71615, 43211,284

27, 902

8,0704,8594,485

374

1,280784395

938743195

19,8321,444

349550235

1,0512,0956,9806,5582,111

4,173

3,7262,508

220439665

31,1549,4805,4815,011

470

1,437895435

1,2901,031

259

190217286177130

92.83.29.31.1

12.99.0

3.63.22.21.39.8

37.2

19,2008,502

10,698

26,75515,67111,083

26,835

8,4435,2684,913

355

1,236748405

925727198

18, 3921,250

277492201

9921,9936,3365,9221,961

4,031

3,5322,330

252438592

31, 5979,7915,8755,387

488

' 1, 436874473

1,221944277

190221290170131

109.74.7

11.61.7

14.09.1

5.75.82.61.9

10.042.5

22, 50710, 08512, 422

26, 87315,81411,060

31, 13110, 2606,5296,085

444

1,381868412

1,141916225

20,8711,552

305632256

1,0772,2086,8086,3582,183

5,052

4,5493,057

346524638

32, 267

10,1816,1715,676

495

1,483919466

1,260990270

115.85.8

11.72.4

14.28.6

7.27.32.91.6

10.343.9

' 22,002' 10,201' 11,801

' 27,099' 16,215' 10,884

' 33,050

' 10,747' 6, 737' 6, 209

'528

' 1, 345••832'417

' 1, 346' 1,056

'290' 22,303' 1, 790

'376'707'313

' 1, 088' 2, 302' 7, 133' 6, 660' 2, 265

' 5, 546

' 5, 041' 3, 414

'317'607'661

' 32,844

' 10,449' 6, 347' 5, 836

'511

' 1, 472'868'475

' 1, 300' 1, 024

'276

128.24.2

12.92.8

15.39.7

8.88.23.52.0

11.549.3

21, 90810, 17811, 730

27, 13116,29910, 832

33, 05010, 7226,6216,120

501

1,345825433

1,4241,111

31322, 3281,679

373675272

1,1122,4517,1676,6772,346

5,478

4,9903,400

260608686

32, 522

10, 1466,1135,635

478

1,408826479

1,3331,042

291

' Revised. 1 Data are for Jan. 1970.fRevised series; not comparable with previously published indexes. Revisions for Jan.-

Mar. 1970 are as follows: Combined index—196; 192; 197; television (network)—252; 238; 248;spot TV—306; 301; 304; magazines—165; 166; 171; newspapers—122; 121; 122 (no comparabledata prior to Jan. 1970 are available).

© Source: Media Records, Inc., 64-City Newspaper Advertising Trend Chart. *New

series. Beginning Jan. 1971 the series was revised to reflect trends in newspaper advertisingexpenditures in 64 cities instead of linage in 52 cities as formerly published. 9 Includesdata for items not shown separately.

cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electricalstores. §Except department stores mail order. «= Corrected.




1969 1970

Annual

1970


1971


DOMESTIC TRADE—Continued

RETAIL TRADE— Continued

All retail stores— ContinuedEstimated sales (seas, adj.)— Continued

Nondurable goods stores 9 mil. $..

Women's apparel, accessory stores... doShoe stores do

Eating and drinking places do

Gasoline service stations do

General merchandise group with non-stores 9 mil. $

General merchandise group without non-stores 9 § mil $Department stores do

Mail order houses (depf. store mdse.)do__-

Estimated inventories, end of year or month: tBook value (unadjusted) total t mil. $

Durable goods stores 9 doAutomotive group doFurniture and appliance group doLumber, building, hardware group, .do

Nondurable goods stores 9 doApparel group doFood group . ..doGeneral merchandise group with non-

stores mil. $.-Department stores ..do

Book value (seas, adj.), total $ doDurable goods stores 9 do

Automotive group doFurniture and appliance group doLumber, building, hardware group.-.do

Nondurable goods stores 9 doApparel group do _Food group doGeneral merchandise group with non-

stores mil. $Department stores ... do

Firms with 11 or more stores:Estimated sales (unadj ) total 9 do

Apparel group 9 doMen's and boys' wear stores doWomen's apparel, accessory stores doShoe stores do _

Drug and proprietary stores doEating and drinking places do. _.Furniture and appliance group do

General merchandise group with non-storos 9 m il $

General merchandise group without non-stores § mil. $

Dept. stores, excl. mail order sales doVariety stores do ..

Grocery stores _ _ . _ _ doTire, battery, accessory dealers do ..

Estimated sales (seas adj ) total 9 do

Apparel group 9 doMen's and boys' wear stores doWomen's apparel, accessory stores doShoe stores do

Drug and proprietary stores doEating and drinking places do

General merchandise group with non-stores9 mil. $..

General merchandise group without non-stores § mil $

Dept. stores, excl mail order sales doVariety stores do

Grocery stores doTire, battery, accessory dealers do . .

All retail stores, accounts receivable, end of yr. or mo.:Total (unadjusted)... . mil. $

Durable goods stores doNondurable goods stores do

Charge accounts do .Installment accounts do

Total (seasonally adjusted). . doDurable goods stores doNondurable goods stores do

Charge accounts doInstallment accounts do

43, 53519, 5279,4243,1222,546

24, 0084,4264,691

9,1865,348

44, 62319, 9809,5583,1992,627

24, 6434,6064,672

9,7775,677

103,070

5,921905

2,0901,5983,7772,4871,354

41,997

39,22228,9345,232

37, 1631,816

21, 4907,174

14,3168,648

12, 842

20, 1406,976

13, 1648,280

11,860

43, 54318, 3538,2042,9382,591

25, 1904,4704,887

9,8645,652

44, 91819,0408,5633,0202,674

25, 8784,6564,868

10, 5086,013

110, 848

6,191852

2,2501,7124,3072,6831,281

45, 302

42, 16531, 1055,627

40, 5571,747

21, 1821,684

387627284

1,0402,3536,7656,305

5,200

4,7333,185

336613674

44, 82820, 24210, 0353,0432,548

24, 5864,5394,664

9,7195,622

44, 10919, 3469,2403,0252,488

24, 7634,6134,673

9,8305,696

9,160

48571

170134347221106

3,599

3,3512,467

464

3,468159

9,167

49673

172132347215

3,750

3,5022,554

488

3,344149

20, 2546,865

13, 3898,403

11,851

20, 3156,902

13, 4138,268

12, 047

21, 1071,694

373661296

1,0442,3416,8186,3642,237

5,106

4,6283,151

307575678

44, 85920, 34910, 1623,0462,548

24, 5104,4544,671

9,7355,605

44, 52719, 5529,4153,0342,528

24, 9754,6494,694

9,9935,796

8,986

50372

182147342222109

3,562

3,3152,475

440

3,323163

9,189

51771

191148354212

3,665

3,4202,531

462

3,444144

20, 4917,183

13, 3088,550

11,941

20, 4287,040

13, 3888,348

12, 080

21, 2421,704

386650295

1,0552,2996,7516,2992,237

5,246

4,7663,247

327575693

44, 81920, 11610, 0073,0172,539

24, 7034,4804,687

9,9805,768

44, 96519, 7399,6133,0262,552

25, 2264,6474,763

10, 1985,922

9,018

42855

160117356231105

3,463

3,2222,376

424

3,515164

9,227

50968

187138364221

3,746

3,5042,569

467

3,377154

20, 2577,139

13, 1188,357

11, 900

20, 5337,015

13, 5188,357

12, 176

21, 2781,715

380658324

1,0712,3476,8146,3492,156

5,187

4,6723,154

317580710

43, 92718, 6848,5733,0052,520

25, 2434,6854,660

10, 2535,937

45, 45320, 11910, 0503,0112,558

25, 3344,5934,750

10, 2775,961

9,007

50259

179151352243100

3,624

3,3762,491

448

3,324146

9,229

52672

187155367236

3,695

3,4412,534

465

3,427146

20, 2867,143

13, 1438,305

11, 981

20, 6287,056

13, 5728,362

12, 266

21,3291,650

387627304

1,1012,3746,8706,4202,165

5,248

4,7363,231

311603687

44,65918, 6658,5463,0222,534

25, 9944,8534,670

10, 8066,276

45, 69120, 27010, 1143,0042,575

25,4214,5834,712

10, 3696,017

8,946

51060

180162357242100

3,620

3,3642,500

442

3,260139

9,279

49967

178143378232

3,765

3,5112,599

477

3,424155

21, 6071,746

398655332

1,0902,3866,8596,4222, 217

5,342

4,8023,259

324597690

45, 34718, 2277,9653,1002,526

27, 1204,9454,850

11, 5056,689

44, 88319, 2919,1133,0242,564

25, 5924,5794,746

10, 3945,988

9,857

56577

204165364253118

3,945

3,6542,705

477

3,699158

9,420

54171

190169375245

3,827

3,5582,636

480

3,451152

21, 8281,775

403673325

1,0992,3946,8666,4212,242

5,422

4,7883,240

321596689

46, 21618, 1247,6973,1292,544

28, 0925,1495,055

11,8396,916

44, 50718, 5428,3202,9802,549

25, 9654,7204,879

10, 5446,056

9,811

57885

213155361230114

4,388

4,0252,968

511

3,242143

9,508

55672

204160376236

3,890

3,5382,620

479

3,449141

21,8221,743

389668314

1,0832,3397,0076,5502,264

5,439

4,9533,342

303603647

43, 54318, 3538,2042,9382,591

25, 1904,4704,887

9,8645,652

44, 91819, 0408,5633,0202,674

25, 8784,6564,868

10, 5086,013

13, 612

914113381200542196151

6,958

6,5934,860

950

3,842178

9,494

52859

217135352204

4,004

3,7102,752

478

3,480139

21, 6741,704

379659279

1,0782,3006,9806,5252,213

5,426

4,9433,322

317619712

43, 57018, 9018,8312,8792,623

24, 6694,3014,796

9,8135,628

44, 98418, 9878,6832,9742,674

25, 9974,6954,840

10, 6216,164

8,350

37943

14598

33116595

2,986

2,7452,035

342

3,609122

9,547

49249

195124356176

3,951

3,6832,703

494

3,542155

21, 8061,737

390661281

1,0842,3206,9726,5082,231

5,529

4,9663,343

329600705

44, 92419, 8579,6632,9222,681

25, 0674,4114,784

10, 0895,743

45, 43219, 4809,1592,9912,716

25, 9524,5854,827

10, 6816,116

7,751

35236

13786

30515597

2,893

2,6031,887

344

3,213114

9,516

52251

201126355176

3,979

3,6902,711

478

3,470157

22, 0861,759

384'695262

1,1132,3397,0106,5482,248

5,664

5,1513,462

341632711

47,09120, 92010, 5192,9772,799

26, 1714,6894,955

10, 5676,097

46, 41620, 1319,8032,9982,755

26, 2854,6614,950

10, 7266,146

9,108

49342

206109367166104

3,705

3,4362,516

421

3,452146

9,760

54852

231115393167

4,143

3,8882,856

498

3,519167

'22,395r 1, 729

'388'677'270

' 1, 120' 2, 349r 7, 104' 6, 620' 2, 270

' 5, 756

' 5, 257' 3, 582

'338'602'702

47, 75921, 28410, 7833,0392,795

26, 4754,7135,003

10, 8006,208

46, 72820, 2329,9113,0032,706

26, 4964,7085,003

10, 8676,252

' 9, 840

'576'65

'227'140'382

172'113

' 4, 070

' 3, 791' 2, 798

'491

' 3, 643'181

' 9, 910

'538'66

'213' 121'395

164

' 4, 265

' 3, 946' 2, 921

'492

' 3, 561'168

22, 3761,757

390698277

1,1212,3547,2056,6442,275

5,702

5,2323,549

303639695

47, 79521, 58711, 0793,0202,824

26, 2084,6295,024

10, 7826,199

47, 14620, 71610, 2963,0172,758

26, 4304,7045,024

10, 9126,287

9,642

51267

203119393175107

3,989

3,7212,787

483

3,588166

9,841

54172

213123398172

3,902

4,1442,903

506

3,628155

r Revised. tSeries revised to reflect benchmarking to the levels of the 1968 and 1969Annual Retail Trade Reports (Census Bureau), and also recalculation of seas, factors forall lines of trade; description of revisions and revised data back to 1961 appear on pp. 38 ff.

of the Oct. 1970 SURVEY.stores mail order.

9 Includes data not shown separately. §Except department


July 1971 SUKVEY OF CURRENT BUSINESS S-13


1969 1970

Annual

1970


1971

Jan. Feb. Mar. Apr. May June »»

LABOR FORCE, EMPLOYMENT, AND EARNINGS

POPULATION OF THE UNITED STATES

Total incl. armed forces overseas f mil__

LABOR FORCE

Labor force, persons 16 years of age and over__thous__Civilian labor force do._

Employed, total _-doNonagricultural employment _.do. _Agricultural employment do

Unemployed (all civilian workers) do.Seasonally Adjusted J

Civilian labor force! doEmployed, total -do

Nonagricultural employment doAgricultural employment do _

Unemployed (all civilian workers) . __do. _Long-term, 15 weeks and over do

Rates (unemployed in each group as percentof total in the group) :J

All civilian workersMen, 20 years and over _ .Women, 20 years and overBoth sexes, 16-19 years

Married menNegro and other races - -White workers.Occupation: White-collar workers

Industry of last job (ri on agricultural):Private wage and salary workers _ _

ConstructionManufacturing

Durable goods _ _ _ __

EMPLOYMENT

Employees on payrolls of non agricultural estab.:^Total, not adjusted for seasonal variation, -thous. .

Private sector (excl. gov't) . . doSeasonally Adjusted

Total . . thous..Private sector (excl. gov't). . _ ._ do ..

Mining. - -do .Contract construction. doManufacturing do

Durable goods . do

Ordnance and accessories . . doLumber and wood products doFurniture and fixtures doStone, clay, and glass products . do . -Primary metal industries doFabricated metal products ..do ..-Machinery, except electrical doElectrical equip, and supplies doTransportation equipment . doInstruments and related products doMiscellaneous manufacturing ind do

Nondurable goods _ _ .doFood and kindred products doTobacco manufactures.. . .do -..Textile mill products doApparel and other textile products, -do -Paper and allied products . doPrinting and publishing .. doChemicals and allied products doPetroleum and coal products . .doRubber and plastics products, nee . -doLeather and leather products do

Transportation, communication, electric, gas,and sanitary services . ... .. . .thous..

Wholesale and retail trade . do .Wholesale trade doRetail trade . _ - d o _ - .

Finance, insurance, and real estate . _doServices doGovernment do ...

Federal.. .. ., . -doState and local . do

Production (or nonsupervisory) workers on privatenonagricultural payrolls, not seas, adj ^thous..

Total on manufacturing payrolls doSeasonally Adjusted

Total on manufacturing payrolls . - ...doDurable goods . . .-do

Ordnance and accessories doLumber and wood products doFurniture and fixtures . . . . doStone, clay, and glass products doPrimary metal industries doFabricated metal products -do . .Machinery, except electrical do

1202.60

84, 23980, 73377, 90274, 2963,6062,831

375

3.52.13.7

12.2

1.56.43.12.13.9

3.56.03.33.0

70, 27458, 070

70, 27458, 070

6193,437

20, 16911, 893

319609484656

1,3581,4422,0282,0132,067

476440

8,2771,796

82999

1,412712

1,0931,061

183594345

4,43114, 6453,738

10, 9073,557

11,21112, 2042,7589,446

48, 09314, 768

14, 7688,648

184529401526

1,0851,1101,379

i 204. 80

85, 90382, 71578, 62775, 1653,4624,088

662

4.93.54.8

15.3

2.68.24.5

2.86.2

5.29.75.65.7

70, 66458, 067

70, 66458, 067

6223,347

19, 39311,203

249580460638

1,3061,3861,9641,9131,824

459424

8,1901,796

79965

1,385710

1,1061,057

192571329

4,49814, 9503,849

11,1023,679

11,57712, 5972,7059,891

47, 93514, 050

14, 0508,045

135500379507

1,0361,0551,310

204.44

84, 96881, 74178, 35774, 6323,7253,384

82, 62178, 60175, 0313,5704,020

606

4.93.44.9

14.2

2.57.94.5

2.86.0

5.212.05.24.9

70, 78058, 054

70,83958, 238

6203,351

19, 57211, 386

256582456638

1,3091,3942,0041,9561,897

468426

8,1861,805

81971

1,375714

1,1081,060

192548332

4,47814, 9683,859

11, 1093,677

11, 57212,6012,7689,833

47, 90514, 061

14, 1808,186

141501375506

1,0371,0601,340

204.62

87, 23084, 05079, 38275, 1744,2084,669

82, 21378, 29974, 7633,536

3,914661

4.83.44.5

14.92.58.44.3

2.66.3

5.210.65.35.2

71, 38558, 746

70,62958, 070

6203,324

19, 47711,286

250575453636

,305,388,982

,936,876461424

8,1911,800

81959

1,385711

1,1031,055

193570334

4,51114,9273,849

11,0783,679

11, 53212,5592,6899,870

48, 58214, 261

14, 1408,134

137495372505

1,0341,0571,321

204.80

87, 95584, 80180, 29176, 1734,1184,510

82, 71178, 57475, 0663,5084,137

694

5.03.74.9

14.2

2.78.34.6

3.06.5

5.510.85.85.7

70, 60258,485

70,58757, 996

6183,314

19, 40211,217

243570454628

1,3011,3871,9691,9341,853

458420

8,1851,789

81955

1,393706

1,1051,054

191578333

4,53914, 9333,856

11,0773,676

11, 51412,5912,6689,923

48, 29713, 958

14, 0908,082

131491373499

1,0331,0581,316

205.00

87, 24884, 11579, 89476, 1123,7824, 220

82, 77078, 50875, 0733,4354,262

727

5.13.74.8

15.82.88.44.82.86.9

5.511.85.85.7

70, 52758,511

70,41457, 818

6193,305

19, 27111, 134

240570453631

1,2981,3871,9391,9031,841

453419

8,1371,784

82954

1,376703

1,1031,053

191567324

4,52014, 9123,840

11, 0723,670

11, 52112,5962,6599,937

48, 34014, 101

13,9748,019

129491372500

1,0311,0601,288

205.21

85, 65682. 54778, 25674, 7303,5254,292

82, 97578, 47975, 0433,4364,496

788

5.43.95.0

16.52.98.85.02.97.3

5.812.76.16.3

70,92258,466

70,53157,946

6213,262

19,28511,145

237575457635

1,3151,3951,926

1,8961,839

452418

8,1401,779

76955

1,380706

1,1051,056

190569324

4,51114,9613,85011,1113,684

11,62212,5852,6499,936

48,34214,224

14,0008,039

128495377505

1,0471,0671,281

205.43

86, 25583, 17578, 91675, 5223,3944,259

83, 30078, 69175, 3983,2934,609

754

5.54.15.0

17.03.09.35.2

3.07.3

6.011.76.77.3

70,69257,874

70,18257,464

6213,27818,68410,602

228574454630

1,2731,3311,8781,8411,534

447412

8,0821,769

76948

1,367698

1,1021,052

190557323

4,50915,0113,857

11,1543,69611,66512,7182,65410,064

47,76313,575

13,4057,504

122495374500

1,0051,0021,233

205.63

86, 38683, 34778, 74175, 5153,2264,607

83,47378, 55075, 1973,3534,923

880

5.94.25.6

17.63.29.05.5

3.6

6.29.17.38.2

70, 64457, 710

70, 08557, 310

6253,303

18, 53810, 455

223571453624

1,2491,3111,855

1,8031,515

442409

8,0831,779

77945

1,372700

1,1001,045

191554320

4,49314, 9453,851

11, 0943,711

11, 69512, 7752,661

10, 114

47, 62813, 403

13, 2897,386

118492373495

981985

1,218

205.82

86, 16583, 15278, 51675, 5642,9524,636

83,60978, 46375, 0553,4085,1461,084

6.24.65.8

17.83.49.55.63.8

6.611.87.68.0

71,23458,250

70,30357,524

6253,319

18,84210,756

218569450628

1,2561,3441,8461,8081,785

439413

8,0861,780

75949

1,378699

1,1001,042

192553318

4,43714,8513,855

10,9963,72311,72712,7792,650

10,129

48,17713,649

13,6107,700

114488370499

9901,0211,209

206. 02

85, 62882, 65277, 23874, 3612,8775,414

83, 89778, 86475, 4513,413

5,0331,079

6.04.35.7

17.63.39.55.63.5

6.411.27.27.2

69, 62256, 724

70, 65257, 829

6253,241

18, 80710, 717

214572451625

1,2551,3371,8181,7941,802

437412

8,0901,783

75952

1,381698

1,0991,040

193550319

4,49915, 1333,868

11, 2653,746

11,77812, 8232,656

10, 167

46, 67013, 432

13, 5957,679

110492371496

9921,0141,190

206. 18

85, 65382, 70377, 26274, 4152,8465,442

83, 38478, 53775, 2083,3294,8471,069

5.84.25.6

16.73.29.65.33.5

6.111.06.87.1

69, 53356, 524

70, 59057, 741

6233,198

18, 72810, 662

206576449627

1,2551,3371,805

1,7861,776

432413

8,0661,784

76946

1,371695

1,0961,036

192555315

4,52115, 1413,871

11,2703,745

11, 78512, 8492,659

10, 190

46, 48713,404

13, 5437,642

106496370496992

1,0131,179

206. 34

85, 59882, 66877, 49374, 4523,0425,175

83,47578, 47575, 0793,3965,0001,107

6.04.25.8

17.83.29.45.6

3.7

6.410.96.97.3

69, 87556, 803

70, 65957, 773

6243,254

18, 67210, 607

201576451623

1,2561, 2091,795

1,7931,763

429411

8,0651,777

74942

1,384694

1,0921,032

193561316

4,51615, 1513,884

11, 2673,753

11, 80312, 8862,657

10, 229

46, 76113, b72

13, 4967,592

102496370493

996989

1,170

206. 51

85, 78082, 89878,20474, 6993, 505 '•4,694

83, 78378, 69875, 1403,5585,0851,071

6.14.46.0

17.2

3.110.05.6

3.8

6.39.67.07.5

' 70,391••57,317

' 70,735' 57,815

623' 3, 289' 18,690' 10,623

'199574453

'626

' 1,2601,340

' 1, 783' 1,790' 1, 761

428409

'8,0671,769

'76'943

'1,390694

' 1, 0881,032'192

563320

' 4, 491' 15,158'3,888' 11,270' 3, 764' 11,800' 12.920

2,662' 10,258

' 47,278' 13,389

' 13,532' 7, 626

' 100495372

' 497

'9991,0201,160

206. 68

85, 95483, 10478, 70975, 1113,5984,394

84, 17878, 96175, 5033,4585,2171,202

6.24.56.0

17.33.3

10.55.73.7

6.511.26.97.2

' 70,840' 57,743

' 70,891' 57,925

'623' 3, 268' 18,721' 10,654

'201'577'457'6291,2601,3451,7751,7961,775'430'409

8,067' 1,770

'76944

' 1,390'683

'1,090' 1,035

'192'567'320

' 4, 496' 15,217' 3, 898

'11,319' 3, 780' 11,820' 12,966' 2, 662' 10,304

' 47,705' 13,460

' 13,573' 7, 663

' 102'497'376'499

'1,001' 1, 023' 1, 154

206. 84

87, 78484, 96879, 47875, 5593,9205,490

83, 13278, 44375, 1493,2944,6891,173

5.64.25.5

15.83.19.45.2

3.17.0

6.010.46.56.9

71, 33358, 301

70, 58157, 632

6203,215

18,60610, 585

203576459625

1,2471,3331,7611,7861,761

426408

8,0211,769

76940

1,371675

1,0851,028

190566321

4, 49915, 1293,870

11,2593,786

11,77712, 9492,635

10,314

48, 19913,612

13, 4947,610

103496379495

9911,0101,142

' Revised. » Preliminary. 1 As of July 1.fMonthly estimates have been adjusted to the 1970 Census; revisions prior to Dec. 1969

appear in Current Population Reports, Series P-25, No. 456, Estimates of the Populationof the United States to Jan. 1, 1971 (Bureau of the Census).

{Effective Feb. 1971 SURVEY, labor force data reflect new seasonal factors; comparablefigures for prior periods appear in EMPLOYMENT AND EARNINGS, Feb. 1971 (USDL, Bureauof Labor Statistics).

KSee corresponding note, p. S-14.




1969 1970

Annual

1970


1971

Jan. Feb. Mar. Apr. May June *

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued

EMPLOYMENT— Continued

Seasonally Adjusted

Production workers on mfg. payrolls— ContinuedDurable goods— Continued

Electrical equipment and supplies •. thous..Transportation equipment -doInstruments and related products . - doMiscellaneous manufacturing ind do

Nondurable goods _ . . do .Food and kindred products doTobacco manufactures - do .Textile mill products do...Apparel and other textile products doPaper and allied products do. .Printing and publishing ...doChemicals and allied products do —Petroleum and coal products doRubber and plastics products, nec_ _ doLeather and leather products do - -

HOURS AND MAN-HOURS

Seasonally Adjusted

Average weekly gross hours per production workeron payrolls of private nonagric. estab. 1- .hours. .

Not seasonally adjusted doMining -doContract construction . . .do..Manufacturing: Not seasonally ad justed .. -do

Seasonally adjusted doOvertime hours do

Durable goods. _ . .. ...do. ..Overtime hours do

Ordnance and accessories - doLumber and wood products doFurniture and fixtures doStone, clav, and glass products do . - .Primary rretal industries . .. ..do.--Fabricated metal products doMachinery, except electrical .-. doElectrical equipment and supplies doTransportation equipment doInstruments and related products. ...doMiscellaneous manufacturing ind do

Nondurable goods ... doOvertime hours _ do

Food and kindred products .. .. . ..-do.Tobacco manufactures doTextile mill products . ... ...do . .Apparel and other textile products do

Paper and allied products ...doPrinting and publishing doChemicals and allied products. ._ .. do.Petroleum and coal products doRubber and plastics products, nee .. do .Leather and leather products do

Trans., comm., elec., gas, etc.*.-. doWholesale and retail trade do

Wholesale trade. ...do.- .Retail trade do

Finance, insurance, and real estate. ...do,- .Services* . do

Seasonally Adjusted

Man-hours, all wage and salary workers, nonagric.establishments, for 1 week in the month, seas,adjusted at annual ratef bil. man-hours

Man-hour indexes (aggregate weekly), industrialand construction ind., totalU 1967=100..

Mining. _ doContract construction .. ...do . .Manufacturing do

Durable goods . ..do

Ordnance and accessories. . doLumber and wood products do .Furniture and fixtures doStone, clay, and glass products do

Primary metal industries doFabricated metal products. doMachinery, except electrical . ...do . .

Electrical equipment and supplies . doTransportation equipment doInstruments and related products doMiscellaneous manufacturing ind do .

Nondurable goods doFood and kindred products . .. doTobacco manufactures doTextile mill products doApparel and other textile products. . do

1,3411,456

294344

6,1201,205

69881

1,241552682622113460296

"~~37.~7~43.037.940.6

3.6

41.33.8

40.440.240.442.041.841.642.540.441.540.739.0

39.73.4

40.837.440.835.9

43. 038.441.842.641.137.2

40.735.640.234.237.134.7

139. 09

103.9101.6107.4103.3103.6

102.1101.8107.0106.1

104.1105. 6100.5

101.9106.4103.2100.6

102.8101.390.2

103.5100.0

1,2641,254

278327

6,0051,209

66847

1,214547682606117436280

37.242.737.439.8

3.0

40.32.9

40.639.739.241.340.440.741.139.940.340.138.7

39.13.0

40.537.839.935.3

41.937.741.642.740.337.3

40.535.340.033.836.834.5

138. 59

97.4101.1102.496.494.2

75.695.198.1

100.6

96.298.292.4

94.989.196.194.9

99.5100.987.297.396.1

1,2941,317

286329

5,9941,216

68852

1,206551681606118412284

37.137.042.638.139.839.82.9

40.33.0

40.839.738.841.340.240.641.139.740.340.138.7

39.13.0

40.737.139.835.1

41.837.741.542.540.037.7

40.635.440.133.936.834.5

139. 05

98.3100.2104.497.195.7

79.295.396.1

100.5

95.798.594.5

96.793.698.795.4

99.2101.988.697.695.0

1,2971,309

280327

6,0061,214

67842

1,214549679603118434286

37.237.442.437.640.039.83.1

40.43.2

40.639.638.941.140.440.941.139.541.640.238.6

39.03.0

40.337.440.035.2

41.637.741.542.640.437.6

40.635.439.933.836.734.4

138. 39

97.999.9

102.197.195.6

76.593.995.699.8

95.998.993.2

96.496.096.994.6

99.4100.888.096.995.9

1,2891,290

278324

6,0081,203

67839

1,223544680605118444285

37.337.642.537.439.940. 13.0

40.73.1

40.339.839.341.240.741.341.140.441.240.339.1

39.32.9

40.237.940.335.5

41.737.941.542.640.837.6

40.735.440.033.936.834.6

138.70

97.999.7

101.497.295.5

72.793.696.898.9

96.5100.092.8

98.093.796.495.0

99.899.689.297.397.5

1,2661,285

274323

5,9551,198

69837

1,206540676602117433277

37.237.642.237.339.839.83.0

40.32.9

40.439.839.041.040.440.640.939.940.740.038.6

39.13.0

40.737.439.935.1

41.737.641.343.140.436.8

40.635.439.933.936.934.7

138. 24

96.699.0

100.895.893.9

71.793.695.898.6

95.798.590.4

95.192.294.393.5

98.5100.490.696.195.0

1,2581,286

273322

5,9611,193

63839

1,210543680606115436276

36.837.042.035.139.639.32.8

39.82.7

39.739.638.340.940.939.840.139.239.839.438.1

38.62.8

40.036.138.834.2

41.437.442.043.040.036.5

40.535.239.733.836.734.5

138. 09

94.699.093.194.792.9

69.993.995.499.3

98.397.288.2

92.890.292.692.0

97.398.379.893.792.9

1,213977267316

5,9011,184

63830

1,196535676603116423275

36.937.042.736.939.639.42.8

39.92.6

40.139.239.241.039.940.140.439.739.839. 8.38.3

38.92.8

40.538.139.634.9

41.737.441.343.239.637.0

40.535.339.933.836.734.4

137. 04

92.4100.898.691.186.9

67.393.096.998.6

92.191.985.5

90.668.691.590.7

97.198.884.394.693.7

1,181967264312

5,9031,194

64828

1,200538675597116419272

36.936.842.837.139.739.62.7

40.02.5

40.239.939.441. 139.640.040.639.639.940.038.6

38.92.8

40.438.439. 635.4

41.637.541.343.039.437.1

40.235.339.833.836.834.4

136. 97

92.1101.7100.090.485.7

65.394.197.197.8

89.290.184.9

88.068.090. 990.3

97.499.386.394.395.4

1,1881,239

262320

5,9101,197

62831

1,207536677595116419270

37.037.143.038.039.939.62.7

40.12.6

40.639.939.641.439.940.340.439.740.239.638.8

39.12.9

40.539.039.735.4

41.537.641.443.539.537.3

39.935.139.933.636.634.4

137. 32

94.6101.8103.092.989.6

63.793.396.899.3

90.794.183.8

88.887.889.393.1

97.799.884.994.995.9

1,1811,254

261318

5,9161,199

63835

1,208535673595117420271

37.136.742.837.139.639.82.8

40.42.7

41.239.439.541.240.340.540.239.841.339.738.8

39.32.9

40.839.440.435.2

41.937.741.642.640.137.0

40.135.039.733.636.734.2

137.55

94.1101.797.693.389.8

62.492.996.898.3

91.893.982.1

88.591.389.292.5

98.3100.787.197.195.4

1,1751,239

258318

5,9011,202

63830

1,199532672593117424269

36.936.642.736.839.439.52.9

40.12.8

41.740.139.341.440.640.240.139.241.539.337.8

38.92.9

40.736.140.134.7

41.837.341.543.340.036.6

40.335.039.633.536.834.2

136. 76

93.2101.195.392.589.2

60.895.396.198.7

92.593.281.1

86.790.687.390.1

97.3100.779.895.893.4

1,1791,226

255316

5,9041,197

61826

1,212530670591118431268

37.036.842.937.939.739.92.8

40.52.8

42.140.039.741.840.740.340.239.841.939.738.8

39.12.9

40.437.940.335.2

41.837.541.442.240.237.4

40.535.039.733.636.934.1

137. 89

94.0101.5100.292.789.3

59.195.197.099.1

93.191.280.7

88.390.687.191.1

97.799.681.295.895.8

••1,181' 1, 232

255315

'5,906' 1, 190

'64'827

' 1,217'530'666

591117

'432'272

37.036.742.437.4

'39.5'39.8'2 .9

'40.22.8

41.6'40.2

39.541.2

'40.8'40.1

40.039.8

'40.439.738.7

39.22.9

'40.5'37.8'40.8

35.0

'42.337.541.742.040.338.3

40.535.239.633.836.934.2

' 137.89

'94.0100.1100.5'92.7'89.0

'57.3'95.3

97.1' 98.5

'93.6'93.6

79.6

'88.5'87.7

87.191.4

98.1'99.3'84.9'97.1'95.6

' 1, 188' 1, 250

257'316

'5,910' 1,191

'64828

'1,219'519'666

595'118'437'273

37.036.9

'42.337.039.939.92.8

40.5'2.9

'41.4'39.9'40.0

41.4'40.9' 40.6

40.4'39.9'41.1

39.9'38.9

39.3'3.040.4

'38.5'40.8'35.4

'41.937.7

'41.4'42.1'40.5'38.0

'40.635.2

'39.833.737.0

'34.2

' 138.44

'94.3'99.9

98.7' 93.4'90.1

'58.1'95.0'99.4'99.3

94.0'95.0'80.0

'89.2'90.6

88.3'92.1

98.3'99.1'86.5'97.2' 96. 9

1,1801,244

254316

5,8841,196

63825

1,200514664594117437274

37.137.342.337.440.240.03.0

40.63.0

41.940.040.041.740.940.940.640.141.639.738.6

39.22.9

40.240.040.735.4

42.037.741.441.740.5137.5

40.7

i9'936.' 934.3

138.12

93.909.397.6

59.4D5. 1

100.299.3

93.194.579.6

89.191.2ks91.4

97.799.088.596.695.4

' Revised. v Preliminary.^Beginning with the June 1970 SURVEY, payroll employment, hours, earnings, and turnover

data reflect actual employment levels for Mar. 1969 and new seasonal factors. Data in the 1969BUSINESS STATISTICS are in accordance with Mar. 1968 benchmarks and are not comparable

with current estimates nor with the revised historical statistics in the BLS 1970 BullethiNo.1312-7, "EMPLOYMENT AND EARNINGS, UNITED STATES, 1909-70" ($4.25), available fromthe Superintendent of Documents, Govt. Printing Office, Wash., D.C. 20402.

*New series. f Data beginning 1968 have been revised to new benchmarks.


July 1971 SURVEY OF CUERENT BUSINESS S-15


1969 1970

Annual

1970


1971

Jan. Feb. Mar. Apr. May June f


HOURS AND MAN-HOURS— ContinuedMan-hour indexes, seas, adjusted— Continued

Manufacturing indus., nondurable goods— Con.Paper and allied products . 1967=100 .Printing and publishing ..do ..Chemicals and allied products . doPetroleum and coal products _ . .. do. ..Rubber and plastics products, nee doLeather and leather products . -do . -

WEEKLY AND HOURLY EARNINGS

Not Seasonally AdjustedAvg. weekly gross earnings per prod, worker on

payrolls of private nonagric. estab. 1_ . .dollars ..Mining .. doContract construction _ do.. .Manufacturing establishments . . do -

Durable goods doOrdnance and accessories do . .Lumber and wood products doFurniture and fixtures doStone clay and glass products . . . doPrimary metal industries.- doFabricated metal products doMachinery, except electrical doElectrical equip, and supplies doTransportation equipment doInstruments and related products doMiscellaneous manufacturing ind.. do

Nondurable goods doFood and kindred products doTobacco manufactures doTextile mill products doApparel and other textile products doPaper and allied products doPrinting and publishing .doChemicals and allied products doPetroleum and coal products . ...doRubber and plastics products, nec__ ..doLeather and leather products do

Trans., comm., elec., gas, etc.* ..doWholesale and retail trade do

Wholesale trade doRetail trade do

Finance, insurance, and real estate.. _ doServices* - - do

Spendable earnings per worker (with 3 depend-ents), total private sector§ _. .current dollars ..

1967 dollars..Manufacturing current dollars

1967 dollars..Avg. hourly gross earnings per prod, worker on pay-

rolls of private nonagric. estab. If dollars. .Mining . . doContract construction _. doManufacturing _ do.

Excluding overtime doDurable goods . . do

Excluding overtime ... . doOrdnance and accessories doLumber and wood products doFurniture and fixtures doStone, clay, and glass products doPrimary metal industries doFabricated metal products doMachinery, except electrical doElectrical equip, and supplies _ do.Transportation equipment doInstruments and related products do. ..Miscellaneous manufacturing ind do

Nondurable goods doExcluding overtime. do

Food and kindred products doTobacco manufactures doTextile mill products doApparel and other textile products doPaper and allied products doPrinting and publishing doChemicals and allied products doPetroleum and coal products ..doRubber and plastics products, nee _doLeather and leather products do

Trans., comm., elec., gas, etc.* doWholesale and retail trade do

Wholesale trade doRetail trade .. do

Finance, insurance, and real estate doServices* .. . do

Miscellaneous hourly wages:Construction wages, 20 cities (E NR): d"

Commonlabor SperhrSkilled labor " do

Farm, without board or rm., 1st of mo doRailroad wages (average, class I) do

105.2103.0105.798.2

115.195.0

114. 61154. 80181. 16129. 51140. 01138. 17110. 15105. 85133. 98158. 42138. 94152. 15124. 84161. 85128. 21103. 74115. 53120. 7797.9995.4782.93

139. 32141. 70145. 05170. 40126. 1887.79

147. 7491.14

129. 8578.66

108. 3391.26

99.9991.07

111.44101. 49

3.043.604.783.193.063.393.243.422.742.623.193.793.343.583.093.903.152.662.912.792.962.622.342.313.243.693.474.003.072.363.632.563.232.302.922.63

4.6296.5141.55

13.708

101.7101.4102.4102.5107.090.2

120. 16163. 97195. 23133. 73143. 47146. 57117.51108. 58140. 42159. 18143. 67154. 95131. 27164.02133. 93109. 52120. 43127. 98110. 3897.7684.37

144. 14147. 78153. 50182. 33128. 9692.88

155. 9395.66

137. 6082.47

112. 9897.98

105. 1690.42

115. 9099. 66

3.233.845.223.363.243.563.433.612.962.773.403.943.533.773.294.073.342.833.082.973.162.922.452.393.443.923.694.273.202.493.852.713.442.443.072.84

5.2247.3141.64

i 3. 939

102.3101.1102.2102.5100.392.4

118. 40162. 26194. 31132. 93143. 07146. 47117. 09105. 88140. 27157. 56143. 26154. 95129. 49164. 02132. 00108. 47118. 95127. 98110. 0396.4782.84

142. 12145. 89151. 42181. 90123. 2993.38

153 1294.50

136. 0681.41

111.5796.04

103. 7789.69

115. 2799.63

3.203.805.103.343.223.553.423.592.922.753.383.903.523.773.274.063.302.813.052.943.162.992.432.363.403.883.644.253.092.493.792.703.412.433.042.80

5.0487.144

3.904

101.4100.8101.7102.8106.892.8

120. 05163. 88196. 99134. 40144. 94146. 11119. 50107. 92141. 10159.54145. 49155. 32130. 68170. 56133. 39108. 75119. 95127. 58115. 1497.9384.25

142. 61147. 03152. 72181.04127. 2694.87

156. 2996.12

136. 8082.86

111.5796.95

105. 0890.35

116. 43100. 11

3.213.825.133.363.233.573.443.592.982.763.403.923.543.773.304.103.312.813.062.953.153.032 A32.383.423.903.684.233.152.493.842.703.422.433.042.81

5.1687.240

3.884

100.7101.5102.0102.8110.392.5

121. 45163. 88200. 20134. 46143. 87143. 28118. 31107. 86141. 25159. 96144. 79153. 06132. 14166. 06132. 87108. 29121. 44128. 61113.6396.9684.61

144. 70148. 18153. 59184. 45129. 6893.99

159. 0698.10

137. 8385.16

112.6198.77

106. 1890.99

116. 4899.81

3.233.825.203.373.253.573.453.602.982.783.423.943.543.773.324.083.332.823.092.983.163.032.432.393.473.923.714.253.212.483.872.713.422.443.062.83

5.3967.501 66

3.874

100.0100.1101.0103.1106.588.0

122. 20163. 97204. 05134. 13143. 92145. 52122. 31111.00142. 35160. 80144. 89152. 31131. 74164. 40133. 73108. 85121. 04128. 96104. 8197.6085.56

146. 23149. 31153. 68184. 03130. 4191.76

159. 5198.74

138. 3585.40

113.6599.75

106. 7891.34

116. 2299.42

3.253.845.303.373.253.583.463.623.052.813.433.993. 563.773.314. 113.362.823.082.973.132.782.442.413.493.953.734.263.222.483.902.723.452.443.082.85

5.427.553

3.935

99.8100. 2103.4101.1106.286.9

121. 73164. 55194. 03135. 43145. 56146. 00121. 70108. 92142. 83166. 46145. 44152. 76131. 54167. 66134. 64109. 16122. 15130. 56108. 2996.1983.45

147. 97151. 18158. 76187. 49132. 0390.86

159. 9597.08

137.7684.07

113. 0999.76

106. 4090.55

117. 2599.79

3.293.895.363.423.293.633.493.653.052.803.454.073.603.803.334.153.402.853.143.023.202.882.462.443.544.013.784.323.262.513.932.753.472.483.092.90

5.4277.61

3.932

99.199.6

101.2102.5102.087.8

121. 36168. 56203. 79133. 45142. 76147. 53120. 78111.72143. 66157. 61142. 61153. 92132. 47162. 41136.00110. 30122. 07129. 92111. 5099.7584.46

147. 07150. 38155. 70187. 05129. 6092.00

159. 9696.88

139. 2583.08

114.8299.81

106. 1189.85

115. 6897.95

3.283.925.423.373.263.563.443.673.052.803.473.993.533.813.324.013.402.853.133.013.202.832.502.423.514.013.774.313.242.503.942.763.492.483.122.91

5.4807.641 61

3.913

99.499.7

100.2102.0100.587.1

121. 07168. 70196. 57134. 58143. 56151. 07120. 78111.56144. 20157.21142. 31155. 09134. 00164.02137. 08112. 03123. 17131. 54112.81100. 8086.38

147. 55150. 75157. 29186. 62130. 6193.37

159. 5896.95

139. 7483. 17

115. 55100. 84

105. 8889.35

116. 5898.38

3.293.965.433.393.283.583.463.733.052.813.503.993.543.823.354.033.412.883.153.043.242.932.522.443.534.023.794.333.292.513.952.773.522.493.142.94

5.527.67

3.961

98.8100.3100.1103.2100.886.9

122. 43170. 25203. 08138. 45149. 45154. 54119. 89114. 33144. 96161. 60147. 78157. 49138. 23176. 71138. 00113. 88124. 58133. 09119. 10101.4586.49

148. 75153. 90158. 08185. 76132. 47

96. 27158. 4097.08

141. 1583.73

115.61101. 48

106.9689.81

119.66100.47

3.303.955.433.473.353.693.573.763.022.833.514.053.643.863.434.313.452.923.173.063.273.002.532.453.554.053.804.333.322.543.972.753.522.473.152.95

5.537.706

4. 001

99.6100.0100.6101.9102.586.5

122. 58168. 75198. 55138. 60149. 57156. 83117. 09110. 09142. 21164. 83147. 17155. 57135. 83182. 10136. 28112. 22124. 09134. 13115. 28101. 6085.61

147. 74151. 03157. 77185. 64132. 4795.23

159. 2097.51

141. 3783.66

117. 07101. 62

107. 8390.46

120. 55101. 13

3.343.985.503.503.393.733.613.773.012.833.524.083.673.873.434.423.452.933.193.083.323.012.542.463.564.063.824.423.322.563.992.813.572.523.192.98

5.6297.8281 76

98.898.7

100.0103.6103.384.9

122. 61167. 60196. 32138.29149. 23155. 32120. 56109. 91144. 13166. 05146. 07156. 39134. 85181. 56135. 98111.72123. 84133. 20107. 81101.6086.06

148. 21151. 37158. 59189. 50131. 4795.20

161. 6097.92

141. 4584.07

118. 86102. 30

107. 8590.33

120. 31100. 76

3.354.005.533.513.403.743.623.773.062.843.554.103.673.903.444.453.462.943.203.103.333.022.542.483.584.083.844.483.322.584.032.833.592.543.233.00

5.6297.841

98.499.099,4

101.8105.586.5

124.02168. 40204. 42139. 74151. 50157. 59122. 40112. 29147. 44168. 50146. 40159. 17137. 76183. 40137. 76114. 07124. 87133. 27114. 45102. 5187.79

149. 76153. 38158. 98187. 26132. 4796.09

161. 6098.55

142. 1684.66

119. 56102. 30

108. 9590.94

121.47101. 39

3.374.005.513.523.403.753.633.773.062.853.574.133.663.933.474.433.472.943.213.103.343.112.552.483.604.093.844.483.322.594.032.843.592.553.243.00

5.647.878

^99.6^98.4100.1100.5

r 106. 0••89.9

124. 05r 170. 87'204.61' 139. 83r 150. 40' 156. 94r 123. 82

111. 25147. 55

'171.39' 147. 26158. 00136. 72

'175.96' 137. 07113. 58125. 32

' 134. 52'118.95' 102. 26' 86. 20

'151.26' 154. 42

162. 15193. 31

' 133. 6795.98

162. 41' 99. 18142. 63' 85. 50119. 93102. 30

108. 9790. 66

'121.54'101.11

3.38'4.03'5.53'3.54

3.423.763.64

'3.80'3.08

2.863.594.173.703.953.474.41

'3.472.95

3.233.123.38

'3.252.55

'2.473.61

'4.143.874.57

'3.352.58

4.05'2.85

3.62'2.56

3.253.00

5.7177.9921.76

'96.6'98.9' 100.1' 101. 6' 107. 8'89.5

'125.83' 171. 30'208.31141. 65

' 153. 50' 157. 73'125.74'114.05151. 01

' 170. 98' 152. 22' 160. 39' 139. 30' 183. 34' 138. 90'114.07

127. 01' 135. 88' 125. 68' 104. 19' 87. 44

'151.68156. 79

' 161. 44' 193. 34'136.55' 97. 52

'164.83' 99. 88' 144. 94' 85. 91

'121.77' 102. 34

'110.36' 91. 36122. 99101. 81

'3.41'4.04'5.63

3.553.43

'3.793.66

'3.81'3.12

2.883.63

'4.16'3.74'3.97

3.504.45

'3.492.943.24

'3.12'3.38'3.29'2.56

2.47'3.62

4.17'3.89'4.56'3.38'2.58'4.08'2.87'3.66'2.58'3.30

3.01

5.868.21

95.998.699.999.8

107.888.7

127. 57174. 20213. 74143. 51155. 04160. 86128. 79116. 18153. 67172. 22153. 71162. 39141. 10185. 12139. 30114. 94

128. 05136. 55137. 23104. 9688.29

154. 09157. 59163. 12192. 32136. 4997.78

166. 87101. 89145. 6087.98

121. 03103. 89

3.424.075.613.573.443.803.663.833.182.893.654.183.743.993.514.453.502.973.253.143.383.382.562.483.664.183.944.593.372.584.092.873.642.583.283.02

6.0148. 365

« 1.74

' Revised. » Preliminary. 1 Includes adjustments not distributed by months.1 See corresponding note, p. S-14. * New series. a As of July 1,1971.cf Wages as of July 1, 1971: Common, $6.05; skilled, $8.38.

§Data for 1970 are calculated on an annual basis with regard to Federal income taxes.Instead of reflecting changes as of July 1, 1970 in personal exemptions and in surtax, datareflect personal exemptions of $625 and surtax of 2.5 percent throughout the year.




1969 1970

Annual

1970


1971



HELP-WANTED ADVERTISINGSeasonally adjusted indext . 1967=100..

LABOR TURNOVERAManufacturing establishments:

Unadjusted for seasonal variation:Accession rate, total

mo. rate per 100 employees..New hires do. _.

Separation rate total doQuit ' - doLayoff do. __

Seasonally adjusted:

New hires doSeparation rate total do

Quit . do... .

INDUSTRIAL DISPUTESStrikes and lockouts:

Beginning in period:Work stoppages numberWorkers involved _ thous..

In effect during month :Work stoppages numberWorkers involved thous

Man-days idle during period doEMPLOYMENT SERVICE AND UNEMPLOY-

MENT INSURANCENonfarm placements thousUnemployment insurance programs:

Insured unemployment all programs § doState programs:

Initial claims _ doInsured unemployment, weekly avg_..do

Percent of covered employment:^UnadjustedSeasonally adjusted

Beneficiaries, weekly average thous..Benefits paid mil. $.

Federal employees, insured unemployment,weekly average thous

Veterans' program (UCX):Initial claims doInsured unemployment, weekly avg.-.doBeneficiaries, weekly average _ _ do. _Benefits paid mil. $

Railroad program:Applications . . thous..Insured unemployment, weekly avg. .do

e e s Pa

122

4.73.74.92.71.2

5,7002,481

42, 869

5,153

1,177

10, 3851,101

2.1

9232, 127. 9

20

3333734

87.0

10017

37.0

93

4.02.84.82.11.8

p 5, 600p 3, 300

p 62, 000

3,845

2,070

15, 3871,805

3.4

1,5183, 848. 5

31

5567975

203.2

12818

38.7

97

4.22.84.62.11.5

2.75.02.11.9

750309

960580

7,965

339

1,778

1,0101,667

3.23.6

1,462293.6

26

387067

14.0

415

2.4

94

5.43.94.42.11.5

2.7

2.21.9

600212

840428

5,040

374

1,696

1,1181,583

3.03.7

1,382292.3

27

477369

15.3

1211

2.3

92

4.42.95.32.12.3

2.8

2.21.6

490192

750354

4,378

333

1,897

1,5021,761

3.33.5

1,414314.7

31

518477

18.0

2115

2.0

91

5.13.55.63.01.7

2.9

2.11.8

420135

700202

2,800

330

1,855

1,0681,710

3.23.7

1,500313.1

33

448987

18.6

1617

3.0

87

4.73.46.03.31.7

3.82.7

2.01.9

550539

810655

7,625

345

1,746

1,0791,607

3.04.1

1,375299.9

32

468181

18.3

1218

2.9

78

3.82.75.32.12.2

3.62.4

1.92.2

410159

650608

10, 056

304

1,889

1,2081,724

3.24.4

1,377305.1

33

498375

17.3

1622

3.5

80

3.01.94.31.42.1

3.72.3

1.72.0

27072

510469

6,458

289

2,233

1,4322,017

3.74.5

1,553341.9

35

519786

19.1

820

80

2.41.44.11.22.3

3.82.3

1.91.8

160449

370527

2,438

230

2,632

1,8632,369

4.44.0

1,900462.0

36

59113107

26.2

920

75

3.52.04.21.41.9

3.72.3

1.61.7

280222

440286

2,709

257

3,195

1,7562,799

5.23.7

2, 302526.7

37

56127123

27.8

1431

77

3.21.93.51.31.5

3.92.44.2

1.6

330114

490169

1,771

233

3,216

1,2912,751

5.23.8

2,423557.7

37

50128114

28.2

3822

78

3.52.23.71.51.4

3.82.54.1

1.6

410116

590200

2,292

295

3, 091

1,2652,577

4.83.9

2,339631.0

35

57128128

33.3

3019

78

3.62.3

'3.91.61.4

3.92.5

r 4 3

1.6

540174

750254

2,184

309

2,756

1,1112,283

4.34.0

2,094561.4

31

51121121

30.6

8520

4.4

"79

v 3.9p 2.6p 3.7P 1.7P 1.2

p 3.9p 2.5p 4 0

p 1.5

580702

790774

3,437

P307

2,443

2,001

3.84.2

29

113

3618

3.5

FINANCE

BANKING

Open market paper outstanding, end of period:Bankers' acceptances mil. $Commercial and finance co. paper, total do

Placed through dealers _ _ do. _ _Placed directly (finance paper) do

Agricultural loans and discounts outstanding ofagencies supervised by the Farm Credit Adm.:

Total, end of period mil. $_.Farm mortgage loans:

Federal land banks doLoans to cooperatives do. _Other loans and discounts do

Bank debits to demand deposit accounts, exceptinterbank and U.S. Government accounts,annual rates, seasonally adjusted:

Total (233 SMSA's)O bil. $New York SMSA... do

Total 232 SMSA's (except N.Y.) do6 other leading SMSA's? do226 other SMSA's do

Federal Reserve banks, condition, end of period:Assets, total 9 .. mil. $

Reserve bank credit outstanding, total 9 ..doDiscounts and advances doU.S. Government securities do. .

Gold certificate account... do .

Liabilities, total9 do

Deposits, total _ _ doMember-bank reserve balances do

Federal Reserve notes in circulation do

5,45131,70911,81719, 892

13, 204

6,7141,7324,758

84, 050

60, 841183

57, 154

10, 036

84, 050

24, 33822, 085

48, 244

7,05831,76512, 67119, 094

' 14, 774r 7, 1872,0305,557

90 157

66, 795335

62, 142

10, 457

90 157

26 68724, 150

51,386

5,80139,72413, 95225,772

14, 190

6 9421,7965,452

10 015 74, 249. 4

5,766.42, 460. 03 306 4

84 024

61,6831,451

57, 307

11,045

84,024

25 18723,041

47, 879

5,84937,79812, 98924,809

14, 353

6,9951,7495,609

10 136 34, 366. 0

5 770.32, 443. 33 327 0

84,102

60,728420

57, 714

11,045

84,102

23,97021,991

48, 391

5,97336,96112, 03424,927

14, 308

7,0261,7625, 519

10 207.84, 324. 3

5,883.62, 508. 23 375 3

84, 794

62, 4111,292

58, 597

11, 045

84, 794

25 25323, 072

48, 746

5,97936,57012, 04424,526

14, 338

7,0611,7785,499

10,550.54, 770. 6

5,779.92, 478. 83 301.1

85, 708

62, 089538

59, 947

11,045

85, 708

24, 53622, 557

48,952

5,84833,95812, 51821,440

14, 443

7,1011,8525,489

10 552 04, 668. 1

5 883.92, 502. 93 381 0

87, 366

63, 297852

59, 975

10, 819

87, 366

26, 03723, 938

49, 128

6, 16734, 40113, 08421, 289

14, 573

7,1371,9735,463

10 780.24, 899. 8

5 880.52, 497. 43 383 0

86 609

63, 527428

60 015

10 819

86 609

26 00724, 206

49, 314

6,26733, 96613,30120, 665

14, 616

7,1562,0205,439

10 533 94 824.0

5 70992, 420. 13 298 8

88 464

63, 737300

61 233

10 827

88 464

24 10422, 689

50, 390

7,05831, 76512, 67119, 094

r 14, 774

r7, 1872,0305,557

10 896 55 016 1

5 880 32, 480. 13 400 2

90 157

66, 795335

62, 142

10 457

90 157

26 68724, 150

51, 386

6 91232, 29513 43318 862

14, 957

7 2102 1195 628

10 710 14 825 9

5 884 22, 475. 2r3 408 9

88 334

64, 900308

61 783

10 464

88 334

26 44124, 565

50, 206

6,98432, 50613, 92118 585

15, 206

7 2582 1645 784

11 535 45 477 4

6 058 02, 550. 43 507 6

88 536

65, 616263

62 462

10 464

88 536

26 39624,' 409

50, 200

7 17431,22313, 57017 653

15,492

7 3472 1535 993

11 443 25 309 7

6 133 52,522.63 610 9

90 681

67, 387391

64 160

10 464

90 681

27 74825, 895

50, 593

7 3013lj 36713 48917 873

15, 718

7 4262 1136 179

rll 678 65 356 8

rg 321 82,617.'or3 704 8

90 357

66, 66581

63 858

10 475

90 357

26 94924, 735

50, 889

7 49431,11513 00018 115

15, 889

7 5022 0566 341

11 152 54 903 9

6 248 62, 606. 63 642 0

pgi 210

69, 757477

65 927

10 075

pgi 210

27 60425, 494

51, 485

r Revised. p Preliminary. {Monthly data prior to 1969 will be available later.A See note 'T', p. S-14.

§Beginning Jan. 1970, data include claims filed under extended duration provisions ofregular State laws.

cflnsured unemployment as % of average covered employment in a 12-month period.OTotal SMSA's include some cities and counties not designated as SMSA's.^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los

Angeles-Long Beach. 9 Includes data not shown separately.




1969 | 1970

End of year

1970


1971


FINANCE—Continued

BANKING— Continued

All member banks of Federal Reserve System,averages of daily figures:

Reserves held, total _ _ mil. $..Required _ _ d oExcess do

Borrowings from Federal Reserve banks. _ _ doFree reserves . - __do

Large commercial banks reporting to Federal Re-serve System, Wed. nearest end of yr. or mo.::£

Deposits:Demand, adjusted d1 mil. $-.

Demand total 9 doIndividuals, partnerships, and corp doState and local governments doU.S. Government.. _ doDomestic commercial banks do

Time, total 9 doIndividuals, partnerships, and corp.:

Savings doOther time do

Loans (adjusted) , totaled doCommercial and industrial _ _. do _For purchasing or carrying securities doTo nonbank financial institutions do _Real estate loans doOther loans - _do

Investments, total - doU.S. Government securities, total do

Notes and bonds__ do__.Other securities do

Commercial bank credit (last Wed. of mo., exceptfor June 30 and Dec. 31 call dates) , seas, adj.:

Total loans and investments© - bil. $LoansO do _ _U S Government securities .doOther securities. _ _ _ . , _.do

Money and interest rates: §Bank rates on short-term business loans:

In 35 centers. percent per annum..New York City do....7 other northeast centers do

8 north central centers do7 southeast centers do8 southwest centers do4 west coast centers do

Discount rate (N.Y.F.R. Bank), end of year ormonth percent. .

Federal intermediate credit bank loans __do

Home mortgage rates (conventional 1st mort-gages):

New home purchase (U.S. avg.)_ percent .Existing home purchase (U.S. avg.) do

Open market rates, New York City:Bankers' acceptances (prime, 90 days) doCommercial paper (prime, 4-6 months)__doFinance Co. paper placed directly, 3-6 mo-doStock Exchange call loans, going rate _ do

Yield on U.S. Government securities (taxable):3-month bills (rate on new issue) percent..3-5 year issues _ do

CONSUMER CREDIT(Short- and Intermediate-term)

Total outstanding, end of year or month mil. $..

Installment credit, total _do

Automobile paper doOther consumer goods paper doRepair and modernization loans doPersonal loans. _ _ _ do

By type of holder:Financial institutions, total . do

Commercial banks doFinance companies If do

Credit unions. doMiscellaneous lenders 1f do

Retail outlets, total doAutomobile dealers do

i 28, 031i 27, 774

1257i 1, 086i -829

2 90,2882 150,8972 105,605

2 7, 9422 2, 989

2 20, 801

2 96, 5892 46, 4902 36, 502

2 175,7562 81, 491

2 7,8112 13, 1482 33, 6172 44, 1772 59, 5362 23, 8532 19, 7892 35, 683

2 401. 32 278. 1

2 51.92 71. 3

38.2138.0238.53

38.2437.9338.1938.18

6.00

37.23

37.6637.68

47.6147.834 7. 16^7.96

4 6. 6774 6.85

122, 469

98, 169

36, 60227,6094,040

29, 918

84, 98240, 30531, 734

11, 5941,349

13, 187336 |

i 29, 265i 28, 993

12721321

i -49

2 87, 7392 147,3552 103,149

2 6, 7742 4, 380

2 21, 704

2 119, 4432 48, 0352 51, 650

Zr 180,4292 81, 693

2 8, 5602 13, 6422 34, 0352 50, 906

2 72, 1942 28, 0612 21, 9832 44, 133

2 r 435. i2 r 290. 5

2 r 58. 52 r 86. 0

38.483 8. 223 8. 863 8. 463 8. 443 8. 523 8. 49

5.503 8. 50

3 8. 273 8. 20

4 7.3147 .7247.234 7.95

4 6. 4584 7 37

126, 802

101, 161

35 49029, 9494,110

31 612

87 06441, 98531, 123

12 5001,546

14 097327

27, 91027, 729

181976

-795

77,924

134,00191,5476,2903,44018,960

99,536

46,11337,033

167,72478,0866, 089

11,07033,43945,353

60,57222,66220,17537 910

405.9278.053.474.5

8.498.248.86

8.448.448.618.42

6.00

8.67

8.288.18

8.028.237.438.00

7.0357 97

121, 346

97, 706

36 45527, 0554,003

30 193

85 33540, 51531, 595

11 7781,447

12 371333

27, 56727, 380

187888

-701

' 81,160

139,08695,2537,6545,112

18,802

101,580

46,41438,509

172,55780,0945,987

12,99733,52647,271

60,34622,03519,94538 311

406.4277.454.175.0

6.00

8.66

8.318.19

7.788.217.558 00

6.7427 86

122, 542

98, 699

36, 80927, 3034,040

30, 547

86,31140, 97931, 862

12, 0301,440

12, 388336

28, 12827, 987

1411,358

-1,217

79, 857

128, 66991, 0295,6954,887

17, 072

106, 495

46, 33541, 862

171,85879, 3195, 934

13, 05333 62045, 428

61, 26823, 37819, 64437 8QO

412.8281.555 875.5

6.00

8.66

8.328.21

7.618.297.648 00

6.4687 58

123, 092

99, 302

36 91827, 5384,081

30 765

86 87641, 70331, 561

12, 1411,471

12, 426337

28, 34928,204

145827

-682

79,713

131,60793,0306,1943,815

18,235

110,633

46,32744,897

173,24179,5046,235

13,03733,74347,389

63,44924,76421,01438 685

418.3284.157.576.7

8.508.248.89

8.478.498.538.54

6.00

8.62

8.358.25

7.207.907.488.00

6.4127 56

123, 655

99, 860

36, 90827, 8014,104

31,047

87,31541,93431, 588

12, 2921,501

12, 545337

28, 82528, 553

272607

-335

80, 407

140, 01894, 5167,6825,798

20, 962

113, 635

46, 81147, 540

175,62781, 1546,091

13, 22933, 93946, 574

64, 85124, 79320, 59840 058

423.7287.357.678.8

6.00

8.51

8.318.27

7.037.327.127.90

6.2447.24

123, 907

100, 142

36, 73828, 0554,123

31, 226

87,47142, 05131, 510

12, 4091,501

12, 671337

28,70128,447

254462

-208

80,780r!31,03292, 3765,9253,722

19, 382

114, 820

47, 01349, 086

173,82679, 9686,436

12, 57334 06547, 025

66, 31925, 59320, 72040 726

424.4287.356.380.8

6.00

8.30

8.338.20

6.546.856.767 75

5.9277 06

23, 866

99, 959

36 51828, 1524, 126

31 163

87 24342, 01031, 309

12, 4221,502

12,716335

28, 55828, 432

120425

-305

83,086

139 56096,8546 8084,220

20 752

116,426

47 47550 376

174 48780,1327,153

12 60434 05949 013

70 01727,36421 86842 653

428 2288.4

56 783 1

8.077.748.47

8.058.158.088.16

5.75

8.08

8.268.18

5.796.306.167 40

5.2886 37

123, 915

99, 790

36 Oil28, 3784,133

31, 268

86, 82041, 74031, 081

12, 4381,561

12, 970332

29, 26528, 993

272321

—49

87, 739

147 355103, 149

6 7744,380

21 704

119 443

48 03551 650

180 42981 6938,560

13 64234 '03550 906

72 19428, 06121 98344 133

435 1290 558 586 0

5.50

7 86

8.208 12

5.325.735.486 92

4.8605 g6

126, 802

101, 161

35 49020 949i,l 1C

31 612

87 06441 89531,123

12, 5001,546

14, 097327

30, 48830, 209

279370

—91

82,284

138 24994,8836 4606,563

19 651

123, 102

49 14553 770

175 201800397,292

12 61734 28448093

73 22928,2682232244 961

438.9292.058 788.2

56.756.277.18

6 837.046.726 81

5.00

7 64

8 037 94

4.775.115.076 28

4.4945 72

125, 077

100 101

35 00429, 5754,067

31 455

86 30841 61130, 791

12 3531,553

13, 793324

29,88029,679

201328

-127

81,234

135 24993,7446 4834,320

20 175

125 842

50 45854 889

175 63580,8006,915

12 41234 41649 007

73 61827, 59322 36146 025

444 6295 2

59 989 6

56.586.266.80

6 656 886 596 63

4.75

7 24

7 747 67

4.094.474.375 88

3.7735 31

123, 815

99 244

34 86928, 9284,051

31 396

85 91041 44630, 511

12 3511,602

13 334323

29,68629,487

199319

— 120

82, 590

146 45699, 2656,9572,873

24 704

129 175

52 97355, 544

177 ^4081 2087,314

13 27834 5534Q 224

75 51528, 06022 38447 4f»*;

448 6295 261 499 o

4.75

6 80

7 527 47

3.804.194.055 4.9

3.3234 74

123, 604

99 168

35 02828, 5914,045

31 504

86 01541 56330, 326

12 5091,617

13 153325

29,88529 745

140148—8

82, 275

141 47497, 0996 3535 833

20 750

129 338

53 04354 797

6,716

26, 56999 Ififl

448 7r 9Q4 Q

f>(\ 9

no a

4.75

6 35

T 7 37r 7 34

4.364.574.275 32

3.780c 49

125, 047

100 098

35 49628, 6824,077

31 773

86 80542 09430, 369

12 6861,656

13 223'330

r30 40830 113

r 295

330r 35

'84,927

r1 4^ A98

-•100,703r 7 99Rr 9 738

r 99 f)4£

r131 197

r £.1 ^*i^r cc 709

r 6, 918- 1 q hoc

'25,453T 49, 430

6 on5 666 °5

5 QKn 07

6 1 7

6 19

4.756 1 1

7 357 qj.

4.915.104.69

4.1396. 02

196 025

nn AQ9

28, 7064 126

49 489

30 441

1 9 874

1 694i q 9di

344

p30 00529 893

112453

—341

83, 369

151 541101, 409

7 3165 124

24 905

131 649

53 59156 396

182 73082 61°7,579

14 67935 60750 035

76 07926, 49922 4234Q ^80

456 7297 463 096 3

4.75

5.335.455.245 50

4.6996 q^

r Revised. v Preliminary.i Average for Dec. 2 Beginning June 1969, data are revised to include all bank-premises

subsidiaries, and other significant majority-owned domestic subsidiaries; also, loans andinvestments are now reported gross. For complete details see the Aug. 1969 Federal ReserveBulletin. 3 Average for year. * Daily average. & Revised series. Feb. 1971 data onold b-^sis ire in Jan. 1971 column; details are in June 1971 Federal Reserve Bulletin.

{Revisions for Jan. and Feb. 1970 are in the Mar. 1971 Federal Reserve Bulletin.cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic

commercial bank and U.S. Government, less cash items in process of collection; for loans,

exclusive of loans to and Federal funds transactions with domestic commercial banks andafter deduction of valuation reserves (individual loan items are shown gross; i.e., before deduc-tion of valuation reserves).

9Includes data not shown separately. ©Adjusted to exclude interbank loans: be-ginning June 1969, data are reported gross. §For bond yields, see p. S-20.

f Finance companies consist of those institutions formerly classified as sales finance, consumerfinance, and other finance companies. Miscellaneous lenders include savings and loan associa-tions and mutual savings banks.




1969 1970

Annual

1970


1971


FINANCE—Continued

CONSUMER CREDIT— ContinuedOutstanding credit— Continued

Noninstallment credit, total.. mil $..Single-payment loans, total -- do

Commercial banks doOther f i n a n c i a l institutions _ _ _ _ _ d o

Charge accounts, total doRetail outlets doCredit cards _ do

Service credit _ _ do _ _

Installment credit extended and repaid:Unadjusted:

Extended, total doAutomobile paper _ _ _ _doOther consumer goods paper doAll other .. do

Repaid, total doAutomobile paper _ _ _ _ _ .doOther consumer goods paper doAll other _ _ _ .do _

Seasonally adjusted:Extended, total do

Automobile paper doOther consumer goods paper doAll other do

Repaid, total do

Other consumer goods paper doAll other do

FEDERAL GOVERNMENT FINANCEBudget receipts, expenditures, and net lending: J

Expenditure account:Receipts (net) mil $

Loan account:Net lending do

Budget surplus or deficit ( ) doBudget financing totalt do

Reduction in cash balances do

Held by the public doBudget receipts by source and outlays by agency :J

Receipts (net) total mil $

Corporation income taxes (net) dbSocial insurance taxes and contributions

(net) mil $Other do

Agriculture Department do

Health, Education, and Welfare Department

National AprnnanHr»9 arid <3n c A H m rlVeterans Administration do

Receipts and expenditures (national income andproduct accounts basis), qtrly. totals seas. adj.at annual rates:

Personal tax and nontax receipts doCorporate profit tax accruals doIndirect business tax and nontax accruals doContributions for social insurance do

Federal Government expenditures, total.. .doPurchases of goods and services do

National defense doTransfer payments doGrants-in-aid to State and local govts doNet interest paid doSubsidies less current surplus of government

enterprises bil $

Less* Wage accruals less disbursements doSurplus or deficit (— ) do

LIFE INSURANCE

Institute of Life Insurance:Assets, total, all U.S. life insurance cos. t_. .bil. $..

Government securities* _ - doCorporate securities* doMortgage loans, total do

Nonfarm _ _ _do

Real estate doPolicy loans and premium notes _ _ d o _ _ .Cash __ _ doOther assets _do _

24, 3009,0967,9001,196

8,2346,6501,5846,97,0

102, afss32, $5433, J)7937, 455

94./60929, 8823ft 36934, 358

~y-~

1 187 7841 1 ft*} 079

i 4 712

i — l 476

i 3 236

1—3 236i 11 146

i 7 910

i 367 144i 279*483

1 187 784i 87 249

i 36 678

139 918i 23 940

1 1 84 ^48

i 8 330i 77 872

i 16 924i 4 247i 7 669

r 196 9T 94 8r 36 3r 19 0r 46 8

r 189. 5r 99 2

78 8r 52 4r 20 3

13 1

4 6

7.3

197. 2010.9184.5572.0366.25

5.9113.821.638.33

25,6419,4848,2051,279

8,8506,9321,9187,307

104, 13029, 83136, 78137, 518

101, 13830, 94334, 44135, 754

1 193 743

i 710

i 2 198

i 9 845

i 2 845i 5 397

i 2 559

1 389 fifl*}

i 284 880

1 193 743i 9Q 4121 32* 829

i 45 298i 25 203

1 1 Qfl ^88i 8 307

i 77 150

i 19 510i 3 749i 8 653

r 191 5

r 92 2r 30 6r 19 3

' 49 3

' 205. 1r 97 2r 75 4r 63 4r 24 4

' 14 6

r 5 5

'-13.6

207. 2511.0788.5274. 3868.69

6.3216.061.538.72

23,6409,1597,9251,234

7,2735,6331,6407,208

8,8572,6963,0083,153

8,2552,5052,8032,947

9,0042,5953,1833,226

8,5892 6002,8883,101

1398616 337

—2 351

— 108

—2 4592 4591 4521 007

382 932288 036

13 Q865 258

714

5,8512,159

16 445320

6 185

4 8091*689

285803

199. 1710.9084.6372.9867.32

6.0614.951.228.43

23, 8439, 2398,0051,234

7,4735,7651,7087,131

9,5343,0233,0193,492

8,5412,6692,7713,101

8,6832,5872,9253,171

8,2422,5732,7502,919

22, 56114 §717,690

-480

7,210-7,210—3,156—4,054

38° 603284, 880

22, 5619 3537, 329

3,7692,109

15 351182

6 634

4 9501,776

378728

r 193 8' 94 5'30 9r 19 1T 49.2

'207.9r 96 8r 75 1

'65 3'23 9

14.3

' 5 5

—2 1

r-14. 1

199. 6810.7984.6673.1667.50

6.1015.181.418.38

23, 7909,2548,0051,249

7,5095,7271,7827,027

9,4972,9523,1413,404

8,8942,8432,9063,145

9,0652,6853, 1243,256

8,6222 7522,8742, 996

12,60919 344

— 6*735

17

— 6 718

6 7185 997' 721

38S 214290 877

12 6096* 281

838

3 1842,306

19 3272 6496 570

1 670' 968730

201. 0011.0785.4073.3567.69

6.1115.351.298.38

23, 7959,2948,0411,253

7,5085,6641,8446,993

8,9152,5403,1523,223

8,3572,5502,8892,918

8,8092,5373, 1683,104

8,5772 6322,9672,978

15 17217 429

— 2 257

— 66

— 2 323

2 3232 716—393

392 545293 593

15 1727 219

*484

5 3302, 138

17 4951 0326 059

4 7201 851

282764

201. 9211.0985.8473.4367.77

6.1615.521.378.51

23, 7659,3168,0621,254

7,4895,6171,8726,960

8,5802,4023,0973,081

8,2982,5722,8432,883

8,8492,6213,0713,157

8,4902 5992,9132,978

18, 72517 3291 396

— 114

1 281

— 1 281— 1 347

66

390 335292 246

18 7259 4494,278

2 9622,036

17 443'304

6 160

4 cap.

1 818282719

r 191 3r 89 7'31 9' 19 7' 50 0

206.7'96 1' 74 2' 64 6' 24 9' 15 0

' 5 8

— 4'-15.4

203. 1511.0086.6873.5467.98

6.2015.671.388.68

23, 9079,3138,0591,254

7,6565,7971,8596,938

8,6702,4633,2003,007

8,8532,6833,1033,067

8,5802,3493 -1 -I O

3,118

8,6622,5503,0363,076

11,49317 490

-5,997

-150

-6,1476,1472,5613,586

391 840294, 808

11,4936,110

669

2,6972,018

17 6401,1576,140

4 8861, 264

302765

203. 9211.0387. 1073.7368.06

6.2615.811.308.70

24, 1259,3458,0711,274

7,7575,8841,8737,023

8,2712,0063,1473,118

8,4402,5132,9213,006

8,4142,1273 1133,174

8,7162,5773,0823,057

14, 13416, 616

-2, 482

-112

-2, 594

2,5943,306-712

395, 274298, 113

14, 1347,181

524

4,1082,322

16, 728695

5,851

4 7581,854

266827

205. 0611.0587.7673.8568.19

6.3115. 921.478.71

25, 6419,4848,2051,279

8,8506,9321,9187,307

10, 1942,0454,5623,587

8,8232,5662,9913,266

8,5362,1703 2813,085

8,5152,6182,9452,952

15, 42915, 876-447

326

-121121

3,024-2, 903

400, 825301, 138

15, 4296,2094,484

2,5451,717

15 550353

6,521

5 0371,699

318806

' 189. 3'91.0'29.0'19.4'49.8

'209.8'95.9' 73 2'67.5'25.7'14.8

'5 .7

.0'-20.5

206. 1910.9788.1874.3468.69

6.3616.021.598.72

24, 9769 4808 1961 284

8,0946 1441 9507,402

7,5451,9972,8682,680

8,6052,4833,2422,880

8,9162,4613 2523,203

8,8292,6233,1453,061

15, 77316, 870

-1,097

-245

-1,3411,341

660681

401, 020301, 798

15, 77310, 579

526

2,7201,949

17,115886

5,777

4 9981,785

262765

208. 2111.0390.1374.3768.78

6.3416.111.298.94

24, 5719 5068,2051 301

7,3535 4351,9187,712

7,4892,3362,4312,722

8,3462,4713,0782,797

9,0812,6873 2043,190

8,9792,6363,2123,131

15, 13016, 717-1,096

170

-1,417

1,417240

1,177

402, 342302, 038

15, 1306,493

372

5.9432,321

16 546191

5,720

5 0491,803

295794

209.8811.1391.0474.4468.87

6.4516.221.589.03

24,4369,5578,2491 308

7,2075,3161,8917,672

9,5753,0743,0763,425

9,6512,9153,4133,323

9,5332,8973 2103,426

9,0382,6963,1643,178

13, 20518, 328

-5,123

-318

-5,4415,441

6754,766

403, 863302, 713

13, 2053,3663,523

3,9902,326

18,646320

6,309

5,3741,869

333962

' 197 2'87.6'34.0"20. 6'55.0

' 213. 2'96 7' 73 0'69.6' 27 3' 14 0

' 5 7

o'-15.9

211.5011.0292.6374.5268.97

'6.4816.291.568.99

25, 0199 6768,3501 326

7,6895,7741,9157,654

10, 0793,1003,3633,616

9,2192,6323,2723,315

9,7512,8723 4153,464

9,0882,5663,2493,273

21, 02417, 7693,255

-49

3,206-3,206

-271-2, 935

403, 742302, 442

21, 0249,6304,015

4,9702,409

17, 818281

6,041

5,2261,816

252881

212. 7010.9593.7674.5468.99

6.5416.371 379.18

25, 3339 7658 4251 340

8 0046 0461 9587 564

9 5682 8893,1483 531

8 9042 5663,1243 214

9,6962,7623 2953,639

9,2032,6463,2113,346

213 4110 9594 2074 5569 00

6 5916 441 409. 29

P 88 2

p 20 6p55. 8

P 220.1p 96 0p 72 0p77. 1f 28 Pv 13 5

p 4 8

P 0

r Revised. P Preliminary.1 Data shown in 1966 and 1970 annual columns are for fiscal years ending June 30 of the

respective years; they include ie\isicns not distributed to months.

J Revisions for July 1967-Apr. 1969 for budget receipts and expenditures and for Jan .-Mar.1969 for assets of all U.S. life insurance cos. will be shown later.

9 Includes data for items not shown sepaiately. *New series.




1969 1970

Annual

1970


1971


FINANCE—ContinuedLIFE INSURANCE— Continued

Institute of Life Insurance— ContinuedPayments to policyholders and beneficiaries in

U.S., total mil. $..Death benefits doMatured endowments . . do_ _Disability payments doAnnuity payments doSurrender values _ _ do_ _Policy dividends do

Life Insurance Agency Management Association:Insurance written (new paid-for insurance) :J

Value estimated total mil. $..Ordinary (incl mass-marketed ord.)-- doGroup doIndustrial - do,

Premiums collected:Total life insurance premiums do

Ordinary (incl. mass-marketed ord.) doGroup doIndustrial do

MONETARY STATISTICSGold and silver:

Gold:Monetary stock, U.S. (end of period)... mil. $..Net release from earmark§ -_do_. -Exports _ _ _ thous. $Imports doProduction:

South Africa . _ mil. $Canada ._ . do _United States do

Silver:Exports thous. $..Imports. _ _ _ _ _ _ _ _ _ d oPrice at New York dol. per fine oz__Production:

Canada thous. fine oz1..Mexico doUnited States do...

Currency in circulation (end of period) _bll. $_-.

Money supply and related data (avg. of daily fig.) :©Unadjusted for seasonal variation:

Total money supply bil. $Currency outside banks.. _ ... _ doDemand deposits _ do

Time deposits adjusted^ _ doU.S. Government demand deposits^ do _

Adjusted for seasonal variation:Total money supply do

Currency outside banks doDemand deposits _ do

Time deposits adjusted^ doTurnover of demand deposits except interbank and

U.S. Govt., annual rates, seas, adjusted:Total (233 SM S A 's) O .ratio of debits to deposits

New York SMS A doTotal 232 SMSA's (except N.Y.) do

6 other leading SMSA'sd" do226 other SMSA's do

PROFITS AND DIVIDENDS (QTRLY.)Manufacturing corps. (Fed Trade and SEC):

Net profit after taxes, all industries _ _ mil. $Food and kindred products doTextile mill products doLumber and wood products (except furniture)

Paper and allied products do.. IIChemicals and allied products doPetroleum refining. doStone, clay, and glass products doPrimary nonferrous metal.. doPrimary iron and steel. doFabricated metal products (except ordnance,

machinery, and transport, equip.) mil. $_-Machinery (except electrical) doElec. machinery, equip. , and supplies., doTransportation equipment (except motor

vehicles, etc.) _ mil. $Motor vehicles and equipment doAll other manufacturing industries _.do

Dividends paid (cash) , all industries doElectric utilities, profits after taxes (Federal Re-

serve) mil. $..

SECURITIES ISSUED

Securities and Exchange Commission:Estimated gross proceeds, total mil. $..

By type of security:Bonds and notes, total do

Corporate _ _ doCommon stock . doPreferred stock do

15, 524. 56, 758. 1

952.6204.7

1, 558. 62, 721. 63,328.9

159, 283113, 500

39, 3296,454

18, 93313, 1423,4921,299

10, 367755

12, 287236, 905

1, 090. 7'•89.1

60.1

1 156, 7201 80, 061

1.791

41, 92642, 90441, 552

54.0

201.544.8

157.0198.8

5.6

33, 2482,382

621

640987

3,5915,884

8221,4141,221

1,3263,1382,594

9452,8454,835

15, 058

3,186

52, 747

44, 35118, 3487,714

682

16, 449. 47, 017. 3

978.3232.9

1, 757. 12, 886. 43, 577. 4

2193, 593122, 661264, 422

6,510

19, 94014, 9123,7531,275

10, 732-615

37, 789237,464

81.8

27, 61364, 9571.771

47, 483

57.1

210.047.7

162.3208.4

6.4

"

28, 5722,549

413

304719

3,4345,893

6271,297

692

1,0662,6892,349

5931,4244,522

15, 070

» 88, 665

79, 98530, 2647,2921,388

1, 292. 4557.381.018.1

141.4245.2249.4

13, 79410, 111

3,073610

1,5811,214

27394

11,36733

24, 06812, 398

94.57.0

4,4234,2981.670

3,497

4,457

53.7

205.347.3

158.0201. 1

6.4

209.247.7

161.6200.3

73.4150.653.378.443.0

9,548

9,0803,441

39969

1, 405. 6613.484.321.1

141.2256.2289.4

15, 20510, 759

3,898548

1,6591,237

33092

11, 367-1159

11, 602

96.67.2

1,8154,5921.639

2,983

4,171

54.4

207.847.7

160. 1202.3

6.5

209.647.8

161.9202.2

73.1149.352.777.542.7

7,966611

96

91210913

1,435211402215

324763640

175739

1,140

3,873

6,985

5,9642,368

799222

1, 301. 6575.375.419.1

149.0243.2239.6

14, 53310, 093

3,887553

1,7071,264

35094

11,36723

23929, 516

95.26.8

1,2683,7411.687

3,513

4,422

54.5

209.048.3

160.7208.1

6.8

210 648.1

162.5208.2

73.1145.353.679.443.1

5,896

5,2792,151

52988

1, 301. 1549.572.418.2

149.4223.4288.2

230, 8839,688

220, 671524

1,6071,202

30797

11,367-66449

11,531

96.36.3

2,8706,6761.798

3,164

54.7

208.748.3

160.4214.0

7. 1

211.848.2

163.7213.2

75.7162.852.577.942.2

8,155

7,8171,935

24692

1, 348. 1567.977.021.6

146.1235.8299.7

14, 0759,6523,860

563

1,4751,154

32191

11,117-328

33027, 115

96.26.6

1,8885,3011.802

3,380

54.8

211.448.2

163.1218.4

6.8

212.848.2

164.6218.5

75.3161.053.077.942.8

6,973701110

93161849

1,437225280154

290657556

13860

1,263

3,405

8,199

7,4952,814

528176

1, 329. 9565.681.418.8

148.7231.5283.9

14, 06510, 620

2,864581

1,7081,308

30595

11,117-6253

14, 536

96.66.9

1,0794,4191.746

3,707

55.0

213.048.5

164.5222.5

6.1

213.048.5

164.5222.2

78.1175.953.478.443.2

8,353

7,2702,694

903180

1, 231. 2519.178.520.5

149.7216.9246.5

14, 75810, 506

3,729523

1,5961,198

30495

11,117-27618

62, 760

6.5

1,2773,7631.760

4,262

56.4

215.349.2

166.1224.6

5.6

213.548.7

164.8225.0

75.6168.551.675.841.8

9,040

8,1423,283

774124

1, 810. 9681.981.617.6

122.1262.7645.0

21, 85312, 325

9,031497

2,0821,457

392234

10, 732-282

10, 67114, 223

6.8

5,8904,8761.635

3,735

57.1

221.150.0

171.1228.7

7.1

214.648.9

165.7230.4

77.0170.652.476.742.6

6,73966498

55136799

1,633157234110

187621676

11599

1,153

4,025

7,651

6,9413,270

541168

1, 286. 2550.584.820.7

160.4222.3247.5

12, 1948,8282,832

536

10, 732-32

15, 47310,411

7.0

4,2185,2671,640

3,336

55.3

221.349.1

172.1234.5

6.6

214.849.2

165.5235.3

76.4168.352.877.342.9

7,438

6,9492,627

41376

1, 328. 3591.580.018.2

154.5229.4254.7

12,5809,6152,401

564

10, 732-23

2,37937, 721

6.6

1,9702,7461.600

5,280

55.6

215.549.2

166.3240.3

8.3

217.349.6

167.7240.9

82.2191.354.280.143.9

6,523

5,9982,476

424100

1,571.7702.095.623.8

166.7275.6308.0

17, 02011, 8954,503

622

10, 732-76

9,77420, 296

6.7

3, 2735,2041.669

4,699

56.3

217.449.5

167. 8246.9

5.4

219.450.0

169.4246.1

79.6183.553.476.844.1

6,99561293

88128907

1 52469

210204

226520542

101867903

3,805

11,070

9,7784,782'982

311

1, 414. 4611.187.719.9

161.3249.7284.7

16, 23711, 0154,487

735

10, 732-38

2,61420, 795

6.5

2,6615,9071.726

3,535

-•56.6

222.250.1

172.1249.2

5.5

221.150.5

170.5248.3

'80.7185.654.579.344.7

7,641

6,2252,591

878537

1, 353. 7592.881.920.1

157.4234.3267.2

14, 71310, 5373,488

688

10, 332-351

10, 43035, 386

1,5272,9001.667

57.4

' 219. 750.5

' 169. 2252.1

7.8

' 223. 950.9

' 173. 0r 251. 4

76.9171.253.778.943.7

6,870

6,2392,543

57852

10, 332

1.608

223.651.1

172.5254.4

5.4

225.651.2

174.4254.3

r Revised. » Preliminary. 1 Monthly data beginning July and annual total figuresexclude silver coin. 2 includes $17.2 bil. SGLI. {Revisions for Jan. 1968-Feb. 1969 willbe shown later.

§Or increase in earmarked gold (—). ©Beginning Dec. 1970 SURVEY, data reflect new bench-marks and changes in seasonal factors, as well as the improved handling of international

transactions of specialized banking institutions. Revised monthly data back to 1959 willbe available later, f At all commercial banks. OTotal SMSA's include some cities and coun-ties not designated as SMSA's. ^Includes Boston, Philadelphia, Chicago, Detroit, SanFrancisco-Oakland, and Los Angeles-Long Beach.




1969 1970

Annual

1970

May June July Aug. Sept. Oct. Nov. Dec,

1971


FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commission— ContinuedEstimated gross proceeds— Continued

By type of issuer:Corporate total 9 mil. $

Manufacturing _ doExtractive (mining) _ _ . doPublic utility do

Transportation § . doCommunication doFinancial and real estate do

Noncorporate total 9 doU.S. Government --doState and municipal - . - do

State and municipal Issues (Bond Buyer):Long-term. _ _ _ _ _ doShort-term do

SECURITY MARKETS

Brokers' Balances(N.Y.S.E. Members Carrying Margin Accounts)

Cash on hand and in banks mil $Customers' debit balances (net) doCustomers' free credit balances (net) do

Bonds

Prices:Standard <t Poor's Corporation:

High grade corporate:Composited1 - - dol. per $100 bond

Domestic municipal (15 bonds) _ . . _ ..do. _

U.S. Treasury bonds, taxablef do

Sales:Total, excl. U.S. Government bonds (SEC):

All registered exchanges:Market value mil $Face value do

New York Stock Exchange:Market value doFace value. _ _ _ . do

New York Stock Exchange, exclusive of somestopped sales, face value, total mil. $

Yields:Domestic corporate (Moody's) percent..

By rating:Aaa _ do_ _Aa doA. doBaa _ . . do .

By group:Industrials doPublic utilities doRailroads do

Domestic municipal:Bond Buyer (20 bonds) _ _ _ . . doStandard & Poor's Corp. (15 bonds) _do

U.S. Treasury bonds, taxableO - - do

Stocks

Dividend rates, prices, yields, and earnings, com-mon stocks (Moody's):

Dividends per share, annual rate, compositedollars

Industrials __ doPublic utilities doRailroads.. ___ doN.Y. banks _ _ _ _ doProperty and casualty insurance cos do

Price per share, end of mo., composite doIndustrials doPublic utilities ...doRailroads do

Yields, composite percent __Industrials. _ _ _ doPublic utilities doRailroads doN.Y. banks doProperty and casualty insurance cos . do

Earnings per share (indust., qtrly. at ann. rate;pub. utll. and RR., for 12 mo. ending each qtr.):

Industrials dollarsPublic utilities doRailroads do

26, 7446,3561,7216,736

2,1462,1884,409

26, 0034,765

11, 460

11, 46011, 783

1923i 7, 445i 2, 803

68.679.0

64.49

4, 501. 185, 123. 47

3, 550. 334, 123. 33

3, 646. 16

7.36

7.037.207.407.81

7.257.497.46

5.795.81

6.10

8.989.834.614.606.409.44

262. 77313. 1594.5593.90

3.423.144.884.903.723.37

' 17. 536 927.28

38, 94410, 5132,082

11,017

2,2805,1425,497

49, 72114, 83117, 762

17, 76217, 880

i 2, 286

61.572.3

60.52

4, 763. 276, 299. 55

4, 328. 335, 554. 92

4, 494. 86

8.51

8.048.318.569.10

8.268.679.04

6.346.50

6.59

8.999.764.693.926.77

10.44

226. 70270. 8379.0665.61

3.973.605.945.974.034.02

' 15. 346 89

' 3. 53

3,909817327600

631,747

231

5,6393,701

974

9741,387

7845,4332,222

61.267.8

57.78

300. 39465.04

264.77374. 22

448. 20

8.46

8.118.248.498.98

8.198.728.59

7.127.02

6.94

8.969.714.704.026.70

10.48

209. 44248. 1274.9162.07

4.283.916.276.484.294.67

3,389939358

1,103

119354355

3,596819

1,058

1,0582,035

7485 2812,009

59.467.5

57.37

645. 56824. 44

608. 25743. 34

360. 69

8.77

8.488.588.769.25

8.559.068.76

6.797.06

6.99

8.959.694.714.026.70

10.48

198. 30236. 8168.9652.39

4.514.096.837.674.304.61

' 17. 026.90

'5. 19

2,768638139843

223144526

3,128405

1,310

1,3101,113

22,180

59.070.6

60.59

370. 56536. 56

344.53489. 26

394. 13

8.85

8.448.648.929.40

8.619.019.11

6.406.69

6.57

8.959.704.713.956.70

10.48

212. 90252. 7974.5556.18

4.203.846.327.034.014.19

2,27368370

630

125279370

5,8823,5731,318

1,3181,226

2,083

60.073.8

59.20

311. 80442. 43

289. 98401. 69

349. 78

8.73

8.138.498.859.44

8.448.839.19

6.166.33

6.75

8.949.704.713.796.70

10.48

221. 25264. 2577.1757.02

4.043.676.106.653.834.15

3,518994193

1,241

145445347

4,6811,4281,650

1,6502,049

2,236

60.872.7

60.10

400. 69516.87

358. 08443. 37

396. 30

8.68

8.098.478.789.39

8.408.809.10

6.396.45

6.63

8.939.704.713.796.82

10.48

226. 91272. 9075.6665.13

3.943.556.235.823.994.01

' 13. 836 82

-•4.38

3,7771,006

1801,101

138371586

4,576412

1,882

1,8821,216

2,163

61.371.9

60.44

417. 18538. 59

382. 93485. 02

370. 23

8.63

8.038.448.719.33

8.358.749.06

6.406.55

6.59

8.919.674.713.796.82

10.48

224. 96272. 6574.1561.70

3.963.556.356.144.274.05

4,1821,107

1861,350

177693580

4,8582,4141,684

1,6842,022

2.197

61.975.0

63.27

398. 18506. 43

370. 35460. 35

404. 43

8.65

8.058.428.749.38

8.378.779.06

5.416.20

6.24

8.849.564.723.796.90

10.49

235. 68285. 0481.5464.62

3.753.355.795.874.163.88

3,9801,056

90955

365282968

3,671402

2,245

2,2452,254

2,286

64.779.8

65.63

648. 58828. 96

605. 01760. 03

557. 12

8.35

7.648.138.489.12

7.958. 458.96

5.585.70

5.97

8.859.574.733.797.13

10.49

248. 66298. 7888.5972.50

3.563.205.345.234.043.59

'15.516 89

'3.53

3,115716118676

167391667

4,323436

2,614

2,6141,552

2,452

66.579.9

66.10

703. 09866. 98

631. 95753. 59

641. 95

8.04

7.367.908.158.74

7.578.178.70

5.165.70

5.91

8.919.644.743.827.28

10.52

256. 44306. 3590.8277.38

3.473.155.224.944.243.45

3,00066184

1,069

89683314

3,522431

1,823

1,8231,886

2,743

66.881.5

66.78

710. 03843. 48

624. 69720. 88

541.68

7.75

7.087.677.858.39

7.247.948.39

5.345.55

5.84

8.849.544.743.827.28

10.57

258. 89312. 7787.7079.23

3.413.055.404.824.163.33

6,0752,417

1111,452

161532

1,038

4,995517

2,104

2,1042,452

2,798

65.882.8

67.94

766. 76879. 80

682. 48767. 53

600.80

7.84

7.217:737.968.46

7.368.088.39

5.155.44

6.71

8.849.554.753.827.28

10.57

268. 58326. 0189.4980.28

3.292.935.314.763.743.23

'17.08'6.91^3.76

4,0071,115

1091,265

347269576

3,634467

1,859

1,8592,482

2,660

65.080.4

67.57

766. 33877. 50

688. 22782. 02

615. 41

7.86

7.257 747.998.45

7.438.058.37

5.695.65

5.75

8.859.574.783.827.28

10.57

277. 35339. 5985.8287.10

3.192.825.564.393.953.27

3 17476696

587

279407872

3 697466

2,114

' 2, 114' 1 840

2 550

63.775.6

65.72

761 07891 01

690 89793. 11

574 79

8.03

7.537 848 148.62

7.688.238.40

5.706.14

5.96

8.859.554.783.857.28

10.57

263. 90324. 7581.5183.44

3.352.945.864.614.263.35

1,9612 926

63.574.8

65.84

509 87

8.14

7 647 968 208 75

7 808 398 43

6 196.22

5 94

8.859.574.783.847.28

10.57

261. 94320. 5884.9584.56

3.382.995.634.544.393.15

' Revised. v Preliminary. 1 End of year. 2 Because of changes in series, databeginning July 1970 are not directly comparable with those for earlier periods.

9 Includes data not shown separately. § Beginning April 1971 SURVEY, data re-stated to include "other transportation" in addition to railroad data formerly shown.

a"Number of bonds represented fluctuates; the change in the number does not affect thecontinuity of the series.

IPrices are derived from average yields on basis of an assumed 3 percent 20-year bond.OFor bonds due or callable in 10 years or more.


July 1971 SURVEY OF CUREENT BUSINESS S-21


1969 1970

Annual

1970


1971


FINANCE—Continued

SECURITY MARKETS— Continued

Stocks— Continued

Dividend yields, preferred stocks, 10 high-grade(Standard & Poor's Corp.) percent..

Prices:Dow-Jones averages (65 stocks) _.

Industrial (30 stocks).Public utility (15 stocks)Transportation (20 stocks)

Standard & Poor's Corporation:^Industrial, public utility, and railroad:

Combined index (500 stocks) 1941-43 =10. .

Industrial, total (425 stocks) 9 doCapital goods (116 stocks) doConsumers' goods (184 stocks) _ . do._.

Public utility (55 stocks) do._._Railroad (20 stocks) do, _

Banks:New York City (9 stocks) do....Outside New York City (16 stocks).. _ _ d O - _ _ _

Property-liability insurance (16 stocks).. do

New York Stock Exchange common stock indexes:Composite 12/31/65=50..

Industrial doTransportation doUtility _ doFinance do

Sales:Total on all registered exchanges (SEC):

Market value. . . mil. $Shares sold millions

On New York Stock Exchange:Market value mil $Shares sold (cleared or settled) millions

New York Stock Exchange:Exclusive of odd-lot and stopped stock sales

(sales effected) millions

Shares listed, N.Y. Stock Exchange, end of period:Market value, all listed shares . _ bil. $Number of shares listed millions

6.41

301. 35876. 72123. 07221. 02

97.84

107. 13103. 7587.0662.6445.95

45.3987.73

85.43

54.6757.4446.9642.8070.49

175, 2984,963

129, 6033,174

2,851

629. 4515, 082

7.22

243. 92753. 19108. 75152. 36

83.22

91.2887.8780.2254.4832.13

43.8377.06

78.34

45.7248.0332 1437 2460 00

130, 5314 567

103 0633 213

2,937

612. 4915, 522

7.26

227. 99691. 96103. 19146. 29

76.06

83.1680.4771.6551.1531.10

39.6570.75

67.40

41.6543.3329.8535.4854.58

10, 704387

8,566272

258

516. 3915, 552

7.57

224. 18699. 3099.15

137. 53

75.59

82.9680.7773.1049.2228.94

41.0371.16

69.94

41.2843.4028.5133.7454.21

10, 024401

8,000282

226

491. 2115, 677

7.62

223. 29712. 80102. 83125. 75

75.72

83.0077.9973.1050.9126.59

42.1272.07

71.10

41.1543.0426.4634.9054.00

8,554378

6,985250

228

531. 0815, 823

7.41

229. 99731. 97105. 36130. 91

77.92

85. 4078.3874.7652.6226.74

44.2176.07

72.48

42.2844.2027.6635.7456.05

8,026299

6,443216

219

555. 4915, 869

7.31

240. 57759. 38108. 79141. 25

82.58

90.6684.9679.6554.4429.14

45.2279.49

77.07

45.1047.4330.4336.7460.13

11, 027427

8,721304

303

579. 7515, 930

7.33

245. 02763. 72106. 68152. 66

84.37

92.8587.9082.1253.3731.73

43.5179.39

81.56

46.0648.8732.3836.0159.04

12, 176458

9,701329

262

570. 4115,981

7.30

246. 16769. 23110. 98148. 37

84.28

92.5886.4783.0954.8630.80

42.6677.37

79.73

45.8448.5431.2336.7157.40

9,239324

7,308234

230

598. 6416, 023

6.88

263. 81821. 51118. 88160. 34

90.05

98.7292.1288.6959.9632.95

45.1181.13

88.33

49.0051.6833.7039.9361.95

13, 715470

11, 289350

335

612. 4915, 522

6.53

279. 62849. 04124. 86180. 85

93.49

102. 2295.9791.7263.4336.64

46.8887.48

95.96

51.2953.7237.7642.5266.41

13, 769510

11, 036375

349

668.0116, 100

6.32

290. 14879. 69123. 77193. 79

97.11

106. 62101. 5895.3862.4938.78

45.9686.58

101. 59

53.4256.4540.3742.3068. 19

17, 234601

13, 628428

371

678. 1316, 181

6.48

296. 67901. 29123. 22200. 55

99.60

109.59104.6998.5462.4239.70

48.0289.58

103. 88

54.8958.4341.7141.6070.66

18, 721581

14 661397

390

709. 3316, 306

6.59

309. 11932. 54122. 92217. 16

103.04

113. 68109. 38102. 4162.0642.29

49.0593.01

112. 76

56.8160.6543.3541.7373.91

18, 678581

14, 850415

402

734. 3416,375

6.82

307. 39925. 49117. 75221. 10

101. 64

112. 41108. 61101. 9659.2042.05

46.2488.82

114. 06

56.0060.2145.4839.7070 89

16, 670535

13, 368395

303

706. 8216, 471

6.99

300. 23900. 43114. 36217. 96

99.72

110. 26105. 46100. 9657.9042.12

44.6885.97

119. 24

55.0659.2544.9038.7170.01

304

709. 5916, 663

FOREIGN TRADE OF THE UNITED STATES

FOREIGN TRADE

Value of Exports

Exports (mdse.), inch reexports, total mil. $..

Excl. Dept. of Defense shipments doSeasonally adjusted do

By geographic regions:Africa . _ doAsia doAustralia and Oceania doEurope... _ do

Northern North America doSouthern North America doSouth America _ . _ _ do

By leading countries:Africa:

United Arab Republic (Egypt)... doRepublic of South Africa do

Asia; Australia and Oceania:Australia, including New Guinea doIndia _ doPakistan .... doMalaysia . do

Indonesia -. doPhilippines . _ doJapan do

Europe:France doEast Germany. . doWest Germany . _ .. do

Italy doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada .do

38, 005. 6

37, 331. 7

1, 391. 68, 261. 4

997.912,641.6

9, 137. 62, 761. 12, 814. 4

67.2505.5

860.0517.1194.950.8

201.1374.3

3, 489. 7

1, 195. 132 .4

2, 142. 1

1, 261. 5105.5

2, 334. 6

9. 137. 0

43, 226. 4

42, 661. 7

1, 579. 110, 022. 81, 188. 2

14, 818. 6

9, 084. 83, 287. 43, 245. 5

80.7562.7

1, 003. 1573.2325.466.6

264.4373.2

4, 652. 0

1, 484. 332.5

2, 740. 2

1, 352. 8118.4

2, 536. 8

9. 083. 8

3,939.9

3,906.23,660.9

151.0821.493.0

1, 482. 2

866.1270.1258.6

7.048.7

80.061.128.25.2

20.637.4

361.6

143.13.2

330.2

150.913.3

272.6

866.0

3,769.6

3,717.93,730.2

148.9890.7103.8

1, 213. 7

861.7286.3265.6

6.054.0

91.740.137.97.0

21.340.6

415.4

117.61.5

227.7

110.78.9

212.8

861.5

3,592.4

3,549.73,699.1

132.1878.0121.1

1, 175. 8

729.2273.8281.9

4.053.8

101.754.323.76.5

29.729.3

415.3

129.62.1

217.6

134.36.1

210.1

728.8

3,305.7

3,264.83,592.4

126.1778.991.8

1, 083. 3

680.4266.6279.9

5.053.0

74.234.928.45.4

12.430.7

377.5

107.72.6

208.9

91.46.0

177.7

680.4

3, 374. 0

3, 335. 23, 553. 4

121.5786.594.2

1, 126. 7

741.7253.7249.8

5.048.1

78.437.018.35.3

17.527.0

385.2

110.23.1

211.3

88.112.2

200.9

741.7

3, 975. 3

3, 916. 73, 688. 7

131.3921.4156.6

1,342.1

770.1320.1333.7

4.148.7

137.452.033.84.8

27.433.7

424.4

127.13.0

260.4

111.611.7

136.9

770.1

3, 544. 8

3,494.13, 499. 3

139.3818.7103.3

1, 220. 0

709.3286.8267.2

7.648.7

80.040.217.05.0

32.829.4

386.1

107.2.5

218.7

97.19.3

220.8

709.3

3, 736. 9

3, 685. 23, 570. 2

139.4960.383.5

1, 282. 0

712.1273.9285.7

5.544.4

70.356.845.26.8

23.726.2

431.8

132.93.8

222.0

121.116.6

208.9

712.1

3, 532. 3

3, 481. 83,735.4

151.7842.988.9

1, 223. 1

686.4246.6292.7

10.353.4

74.649.728.86.1

25.223.0

364.2

122.84.3

219.0

108.611.6

207.6

686.3

3, 558. 3

3, 527. 03, 689. 7

163.8821. 7103.6

1, 193. 6

768.6244.8262.1

6.056.8

91.948.019.45.3

22.031.0

364.9

105.12.9

221.1

123.911.3

215.9

768.6

4, 156. 0

4, 107. 93, 814. 6

149.2903.190.7

1, 512. 0

943.5274.7282.8

3.050.9

77.561.730.25.0

18.330.8

364.2

144.62.2

254.3

123.618.4

283.7

943.5

3, 873. 0

3, 829. 03, 543. 1

137.2889.6105.8

1, 303. 0

883.8271.9281.7

4.244.0

91.787.116.95.0

17.330.4

331.2

124.71.5

298.1

119.512.2

189.4

883.8

3,970.4

3,913.53 ,782. 6

131.6930.873.8

1 ,324. 4

936.0267.1306.8

3.846.7

64.678.318.85.1

27.229.8

370.5

131.4.7

274.4

143. 68.0

194.4

934.6

Revised,cfNumber of stocks represents number currently used; the change in number does not

affect continuity of the series.9 Includes data not shown separately.


S-22 SUEVEY OF CURRENT BUSINESS July 1971


1969 | 1970

Annual

1970


1971


FOREIGN TRADE OF THE UNITED STATES—ContinuedFOREIGN TRADE — Continued

Value of Exports— Continued

E xports (mdse.), incl. reexports— ContinuedBy leading countries— Continued

North and South America — Continued

Latin American Republics, total 9 mil. $ _ _Argentina _ _ _ _ _ _ d o _Brazil do__ -Chile doColombia doMexico - -_doVenezuela do

Exports of U. S. merchandise, total doExcluding military grant-aid do

Agricultural products, total doNonagricultural products, total __do

By commodity groups and principal commodi-ties:

Food and live animals 9 mil. $Meats and preparations (incl poultry) doGrains and cereal preparations do

Beverages and tobacco do

Crude materials inedible exc. fuels 9 doCotton, raw excl. linters and waste doSoybeans exc canned or prepared doMetal ores, concentrates and scrap do

Mineral fuels lubricants etc 9 doCoal and related products doPetroleum and products do

Animal and vegetable oils fats waxes do

Chemicals - do

Manufactured goods 9 do _Textiles doIron and steel doNonferrous base metals do

Machinery and transport equipment, totalmil $

Machinery, total 9 doAgricultural doMetalworking doConstruction excav and mining doElectrical do

Transport equipment, total doMotor vehicles and parts do _ .

Miscellaneous manufactured articles doCommodities not classified do

Value of ImportsGeneral Imports, total do

Seasonally adjusted doBy geographic regions:

Africa doAsia doAustralia and Oceania doEurope do

Northern North America doSouthern North America do_ .South America do

By leading countries:Africa:

United Arab Republic (Egypt) doRepublic of South Africa do

Asia; Australia and Oceania:Australia, including New Guinea _ _ _ d oIndia _. doPakistan doMalaysia _ _ _ doIndonesia _ _ _ _ _ _ _ d o _Philippines doJapan do

Europe:France . doEast Germany doWest Germany doItaly doUnion of Soviet Socialist Republics _ do . _ _United Kingdom do

North and South America:Canada do

Latin American Republics, total 9 _ doArgentina doBrazil doChile doColombia doMexico __ doVenezuela do

4,869.2378.3672.0314.6302.8

1,449.5708.2

37,461.636, 787. 75, 936. 4

31, 525. 2

3, 732. 7199.4

2, 127. 1

713.5

3, 568. 6280.2822.4710.7

1, 130. 2636.3433.3

307.6

3,382.6

4, 554. 0575.6972.9711.5

16 402. 8

9, 864. 0644.4343.4

1 248 02 677. 06, 538. 83, 787. 32, 445. 71,224.0

36, 042. 8

1,046.38 275. 4

828.410, 333. 6

10,386.92, 516. 82 643 1

37.8246.3

595.0344.073. 1

307.4193.7422.6

4 888 2

842.28.0

2 603.41, 203. 7

51. 52 120.4

10 383. 6

4, 213. 8155 3616.7151 4240 4

1, 029. 3940.1

5, 696. 2441.5840.6300.4394.9

1, 703. 7759.3

42, 593. 342, 028. 57, 173. 7

35, 419. 6

4, 349. 2174.8

2, 588. 4

701.7

4, 608. 5372.2

1,215.8938.2

1, 594. 11, 044. 1

487.3

493.0

3, 826. 1

5, 067. 0603.2

1,270.1892.5

17 875 4

11.371.6628 1395.7

1 422 42 999.76, 503. 83, 549. 32,571.4

1, 507. 0

39, 963. 2

1,110.69 625. 9

870.911,400.9

11,093.92, 881. 42 955 4

22.9288.0

622.7298.180.2

270.2182.2475.9

5 875 3

942. 19.4

3 129.61, 316. 1

72.22 195.8

11 091 1

4, 779. 2171 8669 4154 0268 9

1,222.41, 082. 1

461.527.671.020.537.0

142.760.4

3,878.73,845.0

567.13, 314. 0

325.014.4

190.9

56.3

387.438.297.988.6

134.990.241.6

41.6

354.1

483.953.0

142.190.9

1, 765. 9

1, 001. 356.037.4

122.3264.0764.6350.8213.4118.6

3,175.63,337.8

90.6740.154.8

898.5

942.6243.0203.0

2.320.6

38.120.66.2

23.311.542.1

443.9

73.0.5

239.5104. 9

5.3182.8

942 5

377.013 138 311 324 3

114.972.4

483.035.366.027.731.6

150.463.8

3,722.23,670.4

593.43, 129. 9

336.714.3

195. 9

59.1

409.933.9

104.777.6

142.698.738.6

55.2

340.9

455.452.0

117.778.5

1, 545. 9

999.049.540.1

122.7271.6546.9354.8221.6156.0

3,504.23,265.5

94.2820.173.9

978.3

1, 017. 1259.6259.1

2.420.0

60.224.57.5

25.915.140.0

486.1

79.9.9

269.7115.1

4.6189.0

1 017 0

425.913 064 98 5

25 6105.088.7

482.641.065.832.839.0

143.060.6

3,530.83,488.1

558.32, 972. 0

370.612.1

214.4

53.0

359.824.570.594.0

141.091.843.1

43.8

326.1

417.344.6

115.170.3

1, 468. 5

977.752.335.7

127.8245.2

490.8256.7213.7136.4

3,311.53,254.5

85.8834.287.0

990. 0

851.9224.7235.7

1.522.1

57.421.17.1

17.19.9

45.7512.7

77.91.1

269.0114.7

6.5201.7

851 8

372.613 957 813 522 983.2 j87.2 J

479.036.573.229.229.4

136.670.0

3,257.13,216.3

528.52, 729. 9

361.514.9

209.3

43.7

359.310.781.193.5

128.588.335.1

40.4

304.5

396.046.4

103.260.8

1, 299. 2

899.049.336.6

114.4236.5400.3247.8205.9119.3

3,116.03,346.2

76.8860.689.6

860.8

759.5207.3259.1

.420.2

60.517.95.6

12.712.753.9

541.9

85.2.6

236.0124.1

5.1136.5

759 0

385.715 668 310 920 482.086.2 1

445.039.464.221.424.2

134.563.2

3, 321. 43, 282. 6

561.12, 760. 4

363.918.1

216.1

64.7

344.211.183.786.1

147.3102.040.3

44.0

286.0

380.646.786.963.0

1, 363. 7

904.451.730.8

112.4236.7459.4320.3211.2

115.8

3,451.93,428.2

91.8932.874.1

915.3

916.9204.8256.2

1.527.9

55.417.54 3

23.414.559 I

571 9

71 4. 5

271 097 62.9

175 4

916 5

371 518 356 014 418 480.686.4

568.442.4

115.822.435.1

161.376.6

3, 902. 43, 843. 9

724.13, 178. 3

459.017.9

289.6

75.8

419.522.9

128.385.7

169.6113.750.3

40.3

325.7

411.053.784.773.3

1, 654. 2

1, 059. 358.233.3

128.9277.6

594.8289.7229. 8117.6

3, 598. 93, 500.5

87.4902.4

75.61, 033. 9

1,019.9227. 5249 5

. 717 6

51.131 36 1

21 017. 541 8

565 8

82 49

277 3112 3

2 9212 7

1 019 0

383 318 263 114 116 593.180.9 1

476.928.271.825.832.2

147.161.0

3, 495. 73, 445. 0

719.52, 776. 2

419.619.7

252.9

92.5

409.332.7

135.871.2

132.188.439.0

32.5

284.4

375. 549.781.356.6

1, 419. 1

928.246.031.7

117.0253.5491.0251. 9

214.9115.6

3, 405. 83,428.4

82.8841 362.8

1 033 6

941.3217.1225 4

.522 7

45.826 17 6

20 515 635 4

529 4

88 91 0

292 0104 1

5.9203 0

941 3

358 011 966 310 115 891.975.2

490.040.177.222.735.9

145.661.3

3, 686. 13, 634. 4

746.12,939.9

405.113.7

254.5

80.1

448.946.8

141 369.2

161 9106.947 2

56 0

306.0

387 851 477 567 5

1, 472. 7

978.844.134.9

116.9261.6

493.9260.9208.1159.4

3, 555. 53 404 3

98.0836 488 0

1 025 4

978 3261.6266 0

31 4

56.225.98.3

29.718.448.1

488 9

95 0.9

290 1114.7

6.7185 6

978 3

418 912 249 615 222 0

110.1105.2

474.641.1

103.521.328.5

125.454.9

3, 484. 13, 433. 6

671.62, 812. 5

382.712.8

233.1

56.6

382.957.6

106. 156.2

119.576.835.7

51. 7

279.7

372.953.370.564.0

1 489 3

956.344 842.5

108 5255.0532.9288.0209.4139.4

3,422.03 686 3

96.0851 457. 1

1 006 4

906.1236.4265 2

420 9

41.628 79 o

22 016 426 6

551 0

89 51 i

294 5117 7

3 7184 4

906 0

407 49 7

89 610 419 199.887.1

444.031.170.717.634.7

129.462.4

3, 501. 73, 470. 4

635.72, 866. 0

356.013.4

222.5

47.0

363.859.5

101.538.1

121.477.937.4

51.5

295.6

357.246.860.359.8

1 580 7

897.048.129.3

113.1232.1

683.7339.8211.5116.9

3.193.83 553 4

80.2784 045.0

907.2

937. 3245.2191 3

1.420 2

34.221 .46 5

16 514.630 3

488 9

79 17

267 2102 2

3 8155 1

937 1

355 89 7

44 48 6

15 4110.976.4

487.329.077.519.039.0

144.266.9

4, 106. 64, 058. 5

715.93, 390. 7

388.216.8

226.0

67.0

409.474.6

110.245.7

130.182.543.0

56.5

335.6

404.556.367.961.4

1, 948. 3

1, 073. 661.435.4

135.1264. 5

874.7412.6248.1119.0

3,911.53, 569. 2

94.7890.263.2

1,152.8

1,140.1300.9266 2

2.525.4

41.225.410 821 917.333 5

555 1

98 21. 1

313 9125 5

7.6216 6

1 140 0

452 615 538 214 520 0

126.3135.3

484.334.680.018.531.5

137.371.8

3, 807. 73, 763. 8

633.53, 174. 2

343.014.3

195.8

57.9

381.962.4

102.948.2

141.886.450.0

54.2

323.9

388.653.965.860.2

1 728 1

1, 012. 360.732.6

143 2255.1

715.8358. 7231 2157. 1

3 897 63 757 8

113.1979.568.6

1, 108. 1

1,081.5278.8263.4

2.419.5

45.826.97.0

22 617.647.0

614 5

94.2.8

313.6121.0

5.0205.2

1 081 3

450.113 559 89 7

23 2124.2107.9

501.538.988.018.432.9

135.179.9

3,911.23, 854. 3

624.73, 286. 5

358.615.9

213.2

64.3

353.244.692 845.2

147.799.842 7

49 2

338.8

380.853 765.357 5

1 840 1

994.753 232.3

126 6264 9

845 4393.7

232 1

146 5

3 844 93 987 6

106 1935 1

76 71 114 8

1 105 8269.6233 2

933 5

55 328 03 2

19 918 838 4

374 5

102 39

299 5109 9

6 4930 2

1 105 7

405 410 646 85 7

20 3114 4104.8

Revised.9 Includes data not shown separately.




1969 1970

Annual

1970


1971


FOREIGN TRADE OF THE UNITED STATES—ContinuedFOREIGN TRADE— Continued

Value of Imports— ContinuedGeneral imports— Continued

By commodity groups and principal commodi-ties:

Agricultural products, total mil. $ .Nonagricultural products, total do

Food and live animals 9 do _ _Cocoa or cacao beans doCoffee doMeats and preparations doSugar do

Beverages and tobacco _do_ __

Crude materials, inedible, exc. fuels 9 - --doMetal ores doPaper base stocks _- doTextile fibers doRubber do

Mineral fuels, lubricants, etc do...Petroleum and products. . do

Animal and vegetable oils and fats doChemicals do

Manufactured goods 9 _ doIron and steel. do. __Newsprint doNonferrous metals doTextiles do

Machinery and transport equipment . . doMachinery, total9 do. _ _

Metalworking doElectrical _ _ _ _ _ _. do

Transport equipment. _. . doAutomobiles and parts _. do. _ _

Miscellaneous manufactured articles doCommodities not classified. do

Indexes J cTExports (U.S. mdse., excl. military grant-aid):

Unit value 1967 = 100..Quantity doValue. _ _ do.

General imports:Unit value.. .. ~ _ .„. do.Quantity. ._ _ doValue do

Shipping Weight and Value

Waterborne trade:Exports (incl. reexports):

Shipping weight thous. sh. tonsValue . . mil. $

General imports:Shipping weight . thous. sh. tonsValue -. . ._ mil. $

4,953.731,089.1

4,530. 6168 2893. 9863.7638 2777.8

3, 460. 11, 012. 5

520.8260.1279.5

2, 794. 02, 559. 9

136.71 228 3

7, 892. 91,809.1

939.01, 534. 21,018.5

9, 762. 74, 488. 9

182.71, 948. 2

5, 273. 84, 618. 44, 127. 21,332.4

104.7114.5119.9

104.2128.7134. 1

199, 28619,915

288, 62021, 570

5, 664. 934, 298. 3

5, 378. 9200 7

1 159.51,014.5

729 1

855.03,312.21, 148. 9

501.9201.7236.5

3, 080. 82, 770. 0

159.61 450 3

8, 437. 42, 032. 0

929. 61, 652. 71, 135. 4

11,171.35, 289. 3

163.72,271.9

5, 882. 05, 066. 64, 843. 91, 273. 8

110.7123.9137.1

111.6133.1148.6

239, 80224, 395

298, 11624, 724

440.02, 734. 9

409.215 696.364.949 1

64.9281.2103.241.218.719.2

224.2193.014.2

120.5

692.1164.376.5

134.393.1

909.5415.912.9

168.6

493.6432.9

363.595.6

110.3136.5150.6

110.9127.8141.7

19, 3322,126

21, 9281,919

491 43, 012. 7

475 58 7

114 184 373 0

70.9298.7114 742.819.418 5

246.8221.5

21.1121 1

730.3166.876.3

150.896.5

1, 009. 6459.714.1

198.7

549.9483.2

418.4111.7

111.1129.4143.8

110.4141. 7156.4

22, 3122,101

26, 6922,151

450 62, 861. 3

436 314 994 497 362 6

68 2280.5114 341.215.915 7

213.1188 913.1

114 1

726.2178.373 4

136.399.2

897.4466.016.4

189.1

431.4352.0449.2113.9

111.5122 4136.5

112.3131.6147.8

21, 7342,075

25, 4542,133

454 22, 662. 3

435. 112 599 791.274 5

49.8290.7117.939.714. 915 2

255.5231.4

14.9124 9

654.5171.268 1

116.889.1

735.0427.410.9

203.5

307.7239.7450.4105.7

110.4114.1126.0

113. 1122.7138.8

19 8021, 949

26 1822,085

454 72, 939. 5

447.815 483 891.380 9

63.5301.5117 137.213.218 7

240.4216.0

9.2111 9

736.1189.776.5

150.984.5

912.0442.410.3

210.0

469.6402.8453.8118.1

111.5115.3126.5

113. 6135. 6154 1

20 8181,920

25 5182 153

461 13, 137. 8

459 317 5

103 986 053 4

87 9275 798 240 810 217 7

255.0229 2

16.0130 8

768 6203 5

79 q136. 0104 0

1 015 8477 610 9

218 2

538 2470 4

469 2120.8

111 5134 9150 5

113 6141 4160 6

23 7452 283

25 2022 210

434 92, 970. 9

423 29 8

95 875 944 5

95 0266 098 739*210 218 4

239.1212 8

11.3119 8

762 0239 578 1

120.799.4

975 2450.211 5

204.6

525 0459 4406.1108.3

110.6121 9134 9

113 7133.7152 0

20 0342 057

23 0452 129

534 73 020 8

488 518 183 682 776 2

86 9967 891 944 413 218 9

311.1279 421.3

121 3

754.4199.993 5

146.795.9

986.7473.313 5

194 8

513 5440 7402 5115 0

112 3126 7142 3

114 2138 9158 7

21 4552 141

27 1502 179

484 92, 937. 0

459 730 1

124 170 245 6

63 1235 471 437 413 017 2

267.6237 0

11.9124 0

719 9193 776 0

123.1110 0

1 033 2468 6

10 9191 6

564 7477.9389.4117.6

114. 2117 7134 4

115 3132.4152 7

17 4311 964

21 4482 155

422 02 77l! 8

385 714 586 764 833 9

56 2208 251 138 012 917 2

255.8219 5

15.5125 4

636 1180 862 6

105.997 6

1 032 0413 9

9 5166 4

618 1535 5369.5109.4

114.8118 3135 9

115 9123 0142 5

16 0031 867

16 9981 908

500 83 410 7

458 714 881 387 667 4

69 0309 6

94 849 916 015 4

315.6283 816.1

145 5

795 7190 083 8

136.4127 1

1 236 9526 9

9 1211 9

709 9617 2442.2122.1

115.7137 4158 9

117 9148 0174 6

16 9342 129

29 1032 347

555 33 342.3

522 117 3

110 483 781 170 4

281 686 144 016 015 1

269.3234 517.6

150 4

824 0208 189 6

152.7128 4

1 200 6532 810 7

217 6

667 8562 0436.5125.0

117.1125 8147 4

116 5149 4173 9

17 9232 045

25 1572 399

479 73365. 2

446 19 9

95 279 558 8

74 6297 7105 239 813 117 1

297.0264 315.8

150 4

851 4260 883 2

130.3120 9

1168 5475 6

9 4204 0

692 8599 1

416.0127.3

TRANSPORTATION AND COMMUNICATION

TRANSPORTATION

Atr Carriers (Scheduled Service)Certificated route carriers:*

Passenger-miles (revenue) bilPassenger-load factor § percent..

Ton-miles (revenue), total f mil..Operating revenues 9 ._ _. _ mil $

Passenger revenues _ doFreight and express revenues doMail revenues. . . do

Operating expenses doNet income after taxes _. do

Domestic operations:Passenger-miles (revenue) bilExpress and freight ton-miles mil..Mail ton-miles do

Operating revenues mil $Operating expenses doNet income after taxes do

International and territorial operations:Passenger-miles (revenue) bil..Express and freight ton-miles milMail ton-miles doOperating revenues mil $Operating expenses doNet income after taxes do

Local Transit LinesFares, average cash rate centsPassengers carried (revenue) . rm'L

125. 4250.0

16, 8988,7917,120

686296

8,403i 54

i 102 721 2, 126

18071 6, 936i 6, 613

131

i 22. 70i 1, 224

1544i 1, 8551 1, 790

123

24.36.310

U31.7249.7

18, 167i 9, 290i 7, 627

750306

i 9, 247-1201

i 104. 16i 2, 216

1715i 7, 180i 7,181-i 184

1 27. 56i 1, 299

17662,1092,066-17

25.75.903

10.6948.4

1,520

8.1021853

2.6011268

25.5517

12.4053.2

1,6802 3341,911

20374

2,2691

9.4420650

1,7711 725

2

2.9611468

563544— 1

25.6492

13.3856.2

1,759

10.1218954

3.2612157

25.7452

14.3159.4

1,834

10.8817854

3.4411457

25.7442

10.9048.2

1,4972,5412,139

19271

2,38760

8.2318256

1,8971,835(2)

2.6711356

64455260

25.8483

9.9845.0

1,439

7.9018763

2.0812665

26.0509

9.2043.6

1,334

7.4816263

1.7211078

26.2473

10.9448.2

1,5542 2181,782

18990

2,355177

8.9417887

1,7291,820-121

1.9910689

489536

-56

26.4499

10.5346.0

1,409

8.4514759

2.089654

26.4460

9.0643.5

1,260

7.2614755

1.8010151

26.4440

10.1743.7

1,428

8.1817763

1.9911655

26.5536

26.6504

26.6484

r Revised. T> Preliminary. i Annual total reflects revisions not distributed to monthlydata. 2 For 3d quarter 1970, loss $386 thousand.

J Trade in silver is included in value and quantity indexes for 1968 and all indexes thereafter.cf New base; comparable data for earlier months will be shown later.9 Includes data not shoAvn separately. §Passenger-miles as a percent of available

seat-miles in revenue service; reflects proportion of seating capacity actually sold and utilized.HApplies to passengers, baggage, freight, express, and mail carried.

*New series. Source: Civil Aeronautics Board. Certificated route industry covers passenger-cargo (including local service, helicopter, and other carriers) and all-cargo carriers. Opera-tions between the 48 States and Alaska and Hawaii are included in domestic operations, ex-cept that for 2d quarter 1970 such operations of two carriers are in the international series.Selected revenues by type (as shown for total industry) and all traffic statistics cover sched-uled service only; total revenues, expenses, and income for all groups of carriers also reflectnonscheduled service.




1969 1970

Annual

1970


1971


TRANSPORTATION AND COMMUNICATION—Continued

TRANSPORTATION— ContinuedMotor Carriers (Intercity)

Carriers of property, class I (qtrly. total):Number of reporting carriers - _ _ _ _Operating revenues, total mil. $__Expenses total doFreight carried (revenue) mil. tons__

Freight carried, volume indexes, class I and II(ATA):

Common and contract carriers of property(qtrly )cf average same period, 1957-59=100. .

Common carriers of general freight, seas, adj.f1957-59=100..

Carriers of passengers, class I (qtrly.): §Number of reporting carriers - _ . .Operating revenues total mil. $Expenses, total doPassengers carried (revenue) __mil _

Class I RailroadsFinancial operations (qtrly.) :

Operating revenues total 9 mil $Freight doPassenger do

Operating expenses doTax accruals and rents doNet railway operating income doNet Income (after taxes) do

Traffic:Ton-miles of freight (net), revenue and nonrev-

enue (qtrly ) bilRevenue ton-miles do

Revenue per ton-mile (qtrly avg ) centsPassengers (revenue) carried 1 mile (qtrly ) mil

TravelHotels:

Average sale per occupied room dollarsRooms occupied % of totalRestaurant sales index same mo 1951 = 100

Foreign travel:U S citizens* Arrivals thous

Departures doAliens* Arrivals do

Departures. _ , doPassports issued do

National parks, visits do

COMMUNICATION (QTRLY.)

Telephone carriers:Operating re venues 9 mil. $

Station revenues doTolls, message do

Operating expenses (excluding taxes) doNet operating income (after taxes) doPhones in service, end of period mil

Telegraph carriers:Domestic:

Operating revenues mil. $Operating expenses doNet operating revenues (before taxes) do

International:Operating revenues doOperating expenses doNet operating revenues (before taxes) do

1 1, 28910, 48210, 036

560

183.8

168.9

i 70676 4593.6175.0

11, 42310, 320

4389,0381,726

658458

* 781 7767.91 347

12 169

12.3759

119

5 9114 5 767

3,6024 3, 039

1,82042, 403

16, 7818,2136,506

10, 2702 798100 3

391 3330 832 9

179 9132.539.1

180.0

165.2

11, 98510, 916

4209,7311,844

"•248578

777.24 762. 54 1 431410 770

13.2555

114

6 6596 4994,0653,4492,219

45, 753

18, 1038,9126 947

11,5813 058104 1

402 5334.634 0

193.7144.939.3

151.0

12.8758

131

509545341289267

3,338

1,3752,5352,480

132

169.0

161.2

69179.0158.042.8

3,0822,811

1062,458

46615876

201.7198.61.4162,754

13.8056

125

536731349313311

6,667

4,5432,2271,7532,898

764101.7

106.785.811.3

48.535.910.2

172.8

12.1753

117

736903455395254

9 924

173.1

13.7455

106

1,009767498421163

9 969

179.8

172.1

70218.6175.147.7

3,0402,758

1132,451

47910921

r 190. 4189.21.4582,986

13.9556

118

690535416334126

4,532

4,5682,2361,7652,955

758103.1

98.185. 16.4

47.736.09.4

167.4

14.4862

114

505408326291101

3 050

160.8

13.3950

104

42036826823788

1,625

164.7

177.4

3 0452,778

1022,485

47684

-35

194 5191.11 4532,501

12.2440

112

395437292279108

1 090

4,6372,3001 7692,987

802104 1

100.280 86 9

50 138.19 4

171.3

13.624798

550443328239137

1 161

179.1

13 2450

106

444404242185182

1 306

180.9

183.4

2 3 1222 2 874

29122,511

2 4942 1172 6 36

2 183. 2

12 7256

128

517471306239275

1 608

4,7602 3411 8453 046

813105 2

91.278.86 8

51 936.612.7

183.8

259.2

14.3756

119

563556312247290

2 486

192.1

2.375.3

13.2656

131

2703,643

260.4

317

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

lorganic chemicals, production:Acetylene _ _ mil. cu. ftAmmonia, synthetic anhydrous thous. sh. tonsCarbon dioxide, liquid, gas, and solid! __ do_Chlorine, gas (100% Clj) do

Hydrochloric acid (100% HC1) doNitric acid (100% HNOj) doOxygen (high purity)t - - mil. cu. ftPhosphoric acid (100% PjO8) thous. sh. tons..Sodium carbonate (soda ash), synthetic (58%

NajO) _ _ _ thous. sh. tons _Sodium bichromate and chromate doSodium hydroxide (100% NaOH) . do .Sodium silicate, anhydrous thous. sh. tonsSodium sulfate, anhydrous thous. sh. tons...Sulfuric acid (100% HjSOO do _

14, 38612, 713. 51, 069. 49, 422. 0

1, 848. 64 6,443. 4275, 9624, 915. 5

4, 502. 8149.4

9, 618. 7653.8

4 1,471.029,536.9

14, 38213, 098. 01, 120. 18, 895. 2

1,917.76,460. 1279, 3525, 470. 8

4, 414. 4149.5

10, 073. 7612.4

1, 362. 429, 145. 7

1,2751,128.9

109.7839.2

165.9571.7

24,040465.0

391.413.6

856.865.2

108.02,517.4

1,2201, 136. 5

100.3810.3

161.5548. 7

23, 401422.1

365.412.6

816.854.8

108.02, 398.4

1,2141,065.5

104.2844.4

166.8475.7

23, 147388.1

379.412.7

889.339.1

103.42,310.7

1,1241,082.2

106.6811.7

161.0502.1

22,974456.9

332.710.7

879.148.797.9

2,303.9

1,1551,102.6

103.5805.2

163.8522.7

23,003481.7

355.512.1

829.148.7

117.62,403.8

1 1121,059.7

87.9860 1

165.6564 3

24,244503.3

373.413 3

889. 156.2

122.72 494.8

1 1021,096.5

77.3802 8

143.3553 1

23,341463.6

361.611 8

830 955.8

116.02 432.9

1 0731,140.7

77 9812 1

153 8565 1

23 822526.9

412 114 7

842 851 7

116.02 672.8

9531,091.4

80 2742 0

160 6567 3

5 26 612492 9

312 911 6

765 638 7

111 52 395 7

1 047969.080 8

695 5

149 0536 6

26 194521 5

344 311 3

741 750 6

109 12386 2

*• 1 2201,143.7

85. 2r 790 5

175.9603 7

'29 668534.7

375.812 2

821 863 5

115.42 592 6

1 237'1,248.0

95 1r 777 6

r 167 1r 598 428 542

*• 539 4

362.912 2

r 799 9*• 61 4

r 119 1T2 599 3

1, 268, 8

764 6

181.6593 5

523.1

345 613 9

795 555,8

123 02 521 4

• xvcvioGu. " r-iemiimcuy. * Number of carriers filing complete reports for the year.2 Preliminary ̂ estimate by Association of American Railroads. 3 For 5 weeks. * An-

r Revised. * Preliminary.* preliminary estimate by Association of American Railroads. 3 For 5 \\

nual total reflects revisions not distributed to the monthly or quarterly data. 5 BeginningJan. 1971, includes low purity oxygen; comparable Dec. 1970 figure, 26,394 mil. cu. ft. « Be-fore extraordinary and prior period items.

f Re vised monthly data (1957-69) are available. ^Indexes are directly comparable forthe identical quarter of each year (and from year to year).

§Beginning with 1st quarter 1969 reporting period, motor carriers are designated class 1if they have annual gross operating revenues of $1 million or over.

9 Includes data not shown separately. ^Revisions for 1967 available upon request.




1969 1970

Annual

1970


1971


CHEMICALS AND ALLIED PRODUCTS—Continued

CHEMICALS— Continued

Organic chemicals, production :d"Acetic anhydride mil IbAcetvlsalicylic acid (aspirin) do_Creosote oil mil. gal

Ethyl acetate (85%) mil. lb-.Formaldehyde (37% HCHO) doGlycerin, refined, all grades:

Production doStocks, end of period do_

Methanol synthetic mil galPhthalic anhydride mil. lb_

ALCOHOL

Ethyl alcohol and spirits:Production mil tax galStocks, end of period doUsed for denaturation d o _ _ _Taxable withdrawals do

Denatured alcohol:Production mil. wine galConsumption (withdrawals) _do_ _ _Stocks, end of period do _

FERTILIZERS

Exports, total 9 thous. sh. tonsNitrogenous materials do_ _Phosphate materials _ _ _ _ d o _ _ _Potash materials do _

Imports :Ammonium nitrate _ d o _ _ _Ammonium sulfate doPotassium chloride _ do, _ _Sodium nitrate do

Potash deliveries (K20) doSuperphosphate and other phosphatic fertilizers

(100%P205):Production thous. sh. tonsStocks, end of period do. .

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments, quarterly §mil. Ib

Paints, varnish, and lacquer, factory shipments:Total shipments mil. $

Trade products _ _ _ doIndustrial finishes do

Sulfur, native (Frasch) and recovered:Production. thous. Ig. tonsStocks (producers'), end of period __ _ _ _..do

PLASTICS AND RESIN MATERIALS

Production:

Therm osetting resins:Alkyd resins. mil. IbPolyester resins doPhenolic and other tar acid resins doUrea and melamine resins do

Thermoplastic resins:Cellulose plastic materials doCoumarone-indene and petroleum polymer

resins mil. IbStyrene-type materials (polystyrene) doVinyl resins (resin content basis) doPolyethylene do

i 1,748.037.5

i 118. 3

i 153. 2i 4,192. 8

322,430.5

i 624. 8774.0

737.7179.7592.685.6

318.4318.8

2.4

16, 5991,799

12, 2291,233

233138

3,829184

4,794

4,290448

1 924 8

2, 776. 71, 473. 51, 303. 5

8,5683,461

1 628. 81 667. 4

i 1, 123. 8i 770 5

i 192 6

1332 613,251.613,638 8

15 440 7

35.1109.6

i 158. 714,312.4

336.129.6

i 744. 7i 714. 0

631.6162.7513.885.8

254.6276.2

3.0

16, 0051,133

12, 543966

326218

4,165129

4,603

4,496484

12 046 5

r2 737. 1r 1,497. 6rl 239 5

i 8, 5394,038

599 1645 8

1 041 1622 7

134 2

312 63 349 33 690 95 857 6

131.53.0

10.2

22.9372.4

28.726.560.464.8

57.8177.346.36.2

24.824.33.0

57910232387

5716

3976

416

381264

251.2142.9108.3

7203,714

49.252 589 354 7

12 5

26 9288.2330 2501 1

133.22.89.3

13.2363.1

28.827.257.961.0

59.2184.048.46.7

26.026.12.9

2,07892

1,77348

1512

21821

206

364351

475.3

281.3162.1119.2

6713,738

58.054 585.754 6

11 0

25 6299. 1325 3505 3

132.22.48.0

8.3324.2

25.325.343.461.0

56.9184.845.06.0

24.324.42.8

1, 550140

1,148103

106

16416

169

330455

256.4153.1103.2

7173,689

55.349.174.144 7

10 4

25.3272.5298.4503 2

127.82.29.6

9.7353.2

27.924.653.258.8

46.9176.942.36.4

22.822.92.7

1,414130

1,08674

1015

30413

353

343432

258.9150.5108.5

7003,800

51.753 683 154 7

10 3

25 7274.3310 5488 7

3.39.5

16.2397.8

26.124.450.663.6

58.3177.842.77.5

23.022.92.8

1,34176

1,034115

1812

33113

340

380418

484.0

252.3143.5108.8

7973,837

56.954 7

52 8

10.8

24 6293.8314 0497 4

3.59.3

14.7370.8

27.823.060.454.9

54.8169.442.98.6

23.222.93.0

1,479105

1,18974

2316

39122

411

386394

217.3123.294.1

7463,977

50.158 092.850 7

11 0

25 4271.9311.7517 7

2.99.1

10.2400.8

31.726.665.453.8

41.4161.337.17.7

20.120.13.0

1,420114

1,16373

2424

3878

416

387426

183 3106 576 8

7034 021

43.654 085.148 2

9.9

28.2279.6288.6487.6

2.710.6

16.1344.4

31.829.677.055.9

48.3162.737.66.7

21.020.93.0

1,293101980

70

1916

2695

319

431484

696.4

176.796.580 2

7424,038

42.854 279.546 0

9 1

28.0283.8289.2509 8

125 82.78.4

13.5301.5

28.231.260.254.4

45 0162 837.86 2

20.420.23 3

1 80058

1 52866

1612

31519

436

379505

r 183 8r 93 4r 90 4

7284,108

48.782.147.7

267.2294.7493 5

120 22.58.4

13.0310.3

25.827.056.651.4

41.5159.431.86.1

17.217.72.8

1,16862

90587

2433

29613

271

402511

' 203. 6106.2

T 97.4

6584,094

51 781.248 2

270.5289.5459 9

140 62.99.6

10.8382.1

30.329.256.061.9

41.7155.137.77.4

20.420.42.7

1 28567

98683

4340

4747

569

430453

380.0

' 241. 4' 127. 0r 114.3

6954,123

59.493.753.2

303.9321.4491.7

133 52.8

10.3

15.9383.4

27.023.565.861.3

44.4151.238.16.6

20.620.72.6

1,68094

1,38172

10418

475••34

895

r436r262

260.3144.2116.1

6844,069

60 791 255 6

287.1306 8543 4

137 02.6

10 7

14.5371.9

28.525.360 371.1

1,21061

96890

5820

51813

391

415265

266.8148.8118.0

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), total*mil. kw.-hr__

Electric utilities, total doBy fuels _ doBy waterpower _ do

Privately and municipally owned u t iL__ doOther producers (publicly owned) do

Industrial establishments, total doBy fuels doBy waterpower do

1,552,757

1,442,1821,191,990250,193

1,171,776270,406

110,575107,299

3,276

1, 638, 010

1, 529, 5811, 282, 253247, 328

1,254,344275, 237

108, 429105, 146

3,284

130, 470

121, 19799, 39421, 803

98, 72222, 475

9,2748,961

312

137, 155

128, 082106, 90621, 176

104, 60623, 477

9,0728,806

267

149, 700

140, 633119, 72420, 909

115, 29125, 342

9,0678,825

242

151, 492

142, 694122, 76919, 924

117, 63025, 064

8,7988,575

223

139, 839

131, 106113, 09418, Oil

108, 92822, 177

8,7338,529

204

132, 734

123, 536105, 38418, 153

102, 71020, 827

9,1978,972

225

130, 925

121, 979102, 51419, 465

100, 25721, 721

8,9468,656

290

141, 048

132, 119110, 32221, 797

108, 58323, 536

8,9298,641

288

146, 329

137, 388114, 77422, 614

112,26925, 119

8,9408,651

290

131, 607

123, 394101, 35922, 035

100, 87822, 516

8,2137,924

290

141, 605

132, 657107, 83324, 824

107, 33125, 327

8,9478,628

319

131, 045

122, 30199, 30822, 993

98, 61923, 682

8,7448,448

297

r Revised.1 Revised annual total; revisions are not distributed to the monthly data.d*Data are reported on the basis of 100 percent content of the specified material unless

otherwise indicated. 9 Includes data not shown separately.§Data have been restated to exclude black blasting powder formerly included,f Revised data for the months of 1968 will be shown later.




1969 1970

Annual

1970


1971


ELECTRIC POWER AND GAS—Continued

ELECTRIC POWER— Continued

Sales to ultimate customers total (EEI) "nil kw -hrCommercial and industrial:

Small light and power§ do _Large light and power§ .. _ do

Railways and railroads _ _ d oResidential or domestic doStreet and highway lighting do __Other public authorities doInterdepartmental do

Revenue from sales to ultimate customers (EdisonElectric Institute) - - mil. $__

GAS

Manufactured and mixed gas:Customers end of period total? thous

Residential do

Sales to consumers total 9 mil therms

Industrial and commercial do

Residential doIndustrial and commercial do

Natural gas:Customers end of period total 9 thous

Residential doIndustrial and commercial do

Sales to consumers total 9 mil thermsResidential do

Revenue from sales to consumers, total 9 -.mil. $__Residential doIndustrial and commercial do

1,307,178

286, 686557, 220

4,531407, 922

10, 77235, 8614,186

20,139.3

57553836

' 1, 522T 818'671

r 129 9r 79. 1T 48 3

40 52137, 2013 272

T 152 374' 47 372r 99 461

r 9342. 0r 4801. 1' 4324 9

1,391,359

312, 750572, 522

4,633447, 79511, 18337, 8164,660

22, 065. 9

57153534

1,481825625

132 382.447.4

41, 20437, 8263 326

163 19948 217

108 848

10, 242. 65, 133. 94 862 4

108, 692

24, 33947, 970

38431, 745

8393, 032

383

1, 708. 8

113, 876

26, 58849, 231

36333, 302

8173,182

393

1, 795. 7

56753135

321173142

28.817.710.7

41, 00337, 6803,275

38, 34910, 02126, 854

2, 328. 91,118.71, 153. 9

121, 481

29, 11348, 012

35939, 530

8283,223

416

1, 935. 7

126, 043

30, 12848, 997

36242, 051

8693,222

414

2, 013. 4

126, 257

29, 97249, 130

35442, 219

9173,261

404

2,033.3

56352834

1656499

16.18.47.5

40, 39337, 1453,198

31, 1904,084

25,634

1, 631. 7567.9

1, 010. 8

117, 258

27, 10948, 614

37536, 465

9783,314

404

1, 908. 3

110, 690

24, 73447, 235

36833, 8391,0293,118

366

1, 807. 8

115, 649

25, 14747, 583

42137,8601,0813,172

385

1, 887. 8

57153534

351190151

33 120.411.9

41, 20437, 8263,326

39, 42411, 58426, 168

2, 550. 01, 271. 51,211.2

122, 035

26,22347, 480

44543, 1561,0873,260

384

1,978.1

120, 810

26,02947, 457

40342, 268

1,0043,267

382

1, 977. 5

119. 704

25, 70348, 947

42239, 819

9733,426

415

1, 955. 3

115, 975

25, 32049, 051

38036, 897

9332,983

411

1,912.6

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production mil bblTaxable withdrawals doStocks, end of period do

Distilled spirits (total):Production mil. tax galConsumption, apparent, for beverage purposes

mil wine galTaxable withdrawals.. mil. tax galStocks, end of period doImports _ _ _ _ mil", proof gal

Whisky.Production _ mil. tax galTaxable withdrawals doStocks, end of period doImports mil proof gal

Rectified spirits and wines, production, totalmil proof gal

Whisky doWines and distilling materials:

Effervescent wines:Production. _ mil wine galTaxable withdrawals doStocks, end of period _ _ doImports... do

Still wines:Production _ doTaxable withdrawals doStocks, end of period doImports _ do

Distilling materials produced at wineries do

DAIRY PRODUCTS

Butter, creamery:Production (factory) mil. IbStocks, cold storage, end of period doPrice, wholesale, 92-score (N.Y.). . $ per Ib

Cheese:Production (factory), total. . mil. Ib

American, whole milk do

Stocks, cold storage, end of period .. doAmerican, whole milk do

Imports _ doPrice, wholesale, American, single daisies (Chi-

cago) $ ner lb_.

127. 32116. 2711.90

230. 02

361. 67164.55991. 4287.08

169. 87107. 99938. 46

74 29

116 2368.01

15.8013 966.192.41

277. 80197. 23306 3622.28

403 32

1, 121. 188.6.685

1, 985. 91 266 4

317.5265.4130 0

.603

133. 09122. 0412.26

212. 26

1 371. 47172. 47

1, 008. 5490.89

146. 44112. 71954. 5875.59

113. 7864.37

22.95r 20. 48

7.381.79

244. 78216. 73293 3228.23

303. 08

1, 135. 2118.8.704

2, 202. 61 431 2

324.5254.0161 0

.649

12.4511.4514.20

18.16

28.3313.23

1,010.846.28

12.857.79

959. 535.49

8.154.36

1.801.378.10.14

3.4715.10

226. 632.42

2.15

116.7»• 146. 7

.708

215.6149.3

' 336. 3r 281. 5

9.4

.632

13.4011.9014.69

16.29

29.3014.72

1,012.997.29

10.158.76

959. 736.34

9.164.71

1.751.568.15.13

2.5017.44

207. 102.37

1.29

112.4186.0.707

215.4150.0

r Qgg Q

»• 313. 210.9

.634

12.3811.8714.18

12.89

28.0011.05

1,013.736.89

9.126.72

961. 125.96

7.654.27

1.411.248.27.09

3.1514.44

196. 382.20

4.45

92.5203.5.708

199.3136.6

384.3325.910 8

.636

11.3310.7913.76

11.22

27.1414.38

1,007.865.97

7.169.04

957. 735. 15

8.784.86

1.961.398.72.10

11.0516.32

187. 142.13

28.76

81.1199.2.708

181.5120.6

366.8308.911 8

.636

11.0110.3813.45

16.18

30.2116.04

1,006.267.63

10.3710.67

955. 426.76

10.085.79

1.772.048.31.17

70.8118.73

238. 032.20

126. 06

72.8171.3.713

167.6104.5

358.5289.211.1

.640

10.289.62

13.22

19.21

32.4918.22

1,004.5910.84

12.2012.93

952. 395.47

11.576.88

1.982.098.17.19

92.1920.75

302. 362.51

91.73

82.1147.5.713

172.2103.4

336.3264.815.6

.661

9.288.77

12.93

17.99

35.1716. 32

1,005.2110.45

11.1511.01

951. 949.36

11.136.70

2.172.307.90.21

38.3419.45

313. 823.07

16.82

79.1134.3.709

161.595.9

326.8254.818.0

.665

9.829.74

12.26

18.11

47.7113.86

1,008.549.84

12.298.89

954. 588.68

8.874.58

2.502.867.38.28

7.7622.30

293. 323.46

8.45

91.0118.8.717

179.1109.0

324.5254.024.6

.665

9.628.32

12.97

16.20

24.6012.32

1,011.306.36

12.698.30

958. 215.60

8.254.28

2.331.857.72.13

5.4319.85

276. 512.06

3.01

102.9119.3.708

176.6110.0

320.9255.111.37

.656

9.418.52

13.20

16.82

24.9911.62

1,014.165.68

12.967.78

960. 864.95

8.154.58

1.961.528.11.08

4.6218.68

259. 801.81

3.15

97.4133.2.708

166.7104.0

310.7243.38.99

.653

12.5311.0013.81

18.14

31.4615.64

1,015.727.65

13.429.85

964. 246.75

9.875.09

2.811.799.06.12

5.2822.37

241. 992.65

1.38

110.3157.9.707

199.0124.4

302.1236.38.86

.678

12.3311.0414.07

15.93

13.781,015.08

7.06

10.478.53

963. 436.21

8.614.30

2.171.589.69.14

7.3220.39

225 622.61

62

111.5180.4r.688

207.1135.8

314.6248.07.87

.679

7.49

4.08

.15

3.09

C117.7' 209. 8

.687

230.6157.7

' 337. 4r 268. 8

8 06

.678

236.1.688

373. 6297.4

r Revised. 1 Reported annual total; revisions are not distributed to the monthly data.SData are not wholly comparable on a year to year basis because of changes from one

classification to another. 9 Includes data not shown separately. c Corrected.




1969 1970

Annual

1970


1971


FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

DAIRY PRODUCTS— Continued

Condensed and evaporated milk:Production, case goods:

Condensed (sweetened) mil. IbEvaporated (unsweetened) _ _ do

Stocks, manufacturers', case goods, end of period:Condensed (sweetened) mil. IbEvaporated (unsweetened) - - -do

Exports:Condensed (sweetened) - doEvaporated (unsweetened). _ do

Price, manufacturers' average selling:Evaporated (unsweetened) $ per case__

Fluid milk:Production on farms mil. IbUtilization in mfd. dairy products __doPrice, wholesale, U.S. average $ per 100 lb_.

Dry milk:Production:

Dry whole milk mil. IbNonfat dry milk (human food) do

Stocks, manufacturers', end of period:Dry whole milk do _Nonfat dry milk (human food) do

Exports:Dry whole milk do _Nonfat dry milk (human food) _do_

Price, manufacturers' average selling, nonfat drymilk (human food) _ _ _ _ _ . $ p e r lb_.

GRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats rye, wheat) -..mil. bu._

Barley:roou i o ( crop esi maie;____ oo

On farms doOff farms do

Exports, including malt§ doPrices, wholesale (Minneapolis):

No. 2, malting $ per buNo 3 straight do

Corn:

Stocks (domestic) end of period total mil buOn farms doOff farms do

Exports including meal and flour doPrices, wholesale:

No 3 yellow (Chicago) $ per buWeighted avg 5 markets all grades do

Oats:Production (crop estimate) mil buStocks (domestic) end of period total do

On farms doOff farms do

Exports, including oatmeal doPrice, wholesale, No. 2, white (Chicago)

$ per bu

Rice:Production (crop estimate) mil bags 9California mills:

Receipts, domestic, rough mil IbShipments from mills milled rice doStocks, rough and cleaned (cleaned basis), end

of period mil Ib

Southern States mills (Ark., La., Tenn., Tex.):Receipts rough from producers mil IbShipments from mills milled rice doStocks, domestic, rough and cleaned (cleaned

basis), end of period mil IbExports _ doPrice, wholesale, Nato, No. 2 (N.O.) $ per lb__

Rye:Production (crop estimate) mil buStocks (domestic), end of period doPricp wholesale No 2 (Minneapolis) $ per bu

Wheat:Production (crop estimate), total mil bu

Spring wheat doWinter wheat do

Distribution. _ _ . do

Stocks (domestic), end of period, total doOn farms doOff farms _ _ „ do

84.91, 413. 8

1.9105.0

52.137.1

7.50

116,34557, 167

5.49

66.11, 431. 7

6.683.9

15.6111.6

.235

1,059. 0

2423 5426 7264 6162 2

8.3

1.121.12

24 583

4 3163 323

993553 5

1 211.19

2 950885724161

7 6

4 67

2 90 8

2,0121 515

270

6 6054 818

1 6954,183.085

231 629.81 17

2 1, 4602313

2 1, 1471,273

1 534611923

(9)1, 251. 3

(8)115.7

16.433.3

7.98

117, 43660, 108

5.69

67.71, 528. 4

4.7101.4

13.8212.3

.263

1, 337. 5

2410 4381.1238.9142.255.1

1.141.13

2 4 110

3,7432,7301,013572 0

1.351.33

2909915704211

21.3

5 72

282 9

1,7551 393

82

6 4974 438

1 7483,828.085

238 641.51 15

2 1 3782 260

2 1 1181 498

1 417534884

(8)« 133. 4

(6)6 130. 2

(i)3.6

7.96

11,1096,0675.39

7.2185.7

6.6r 142. 6

1.09.0

r . 270

104.6

6.5

1.151.15

50.0

1.301.29

.4

68

244171

136

110335

717366

.085

~ ~ ~ I ~ 2 0 ~

(*)« 136. 5

(8)« 173. 2

(l)1.8

8.04

10,7926,1405.33

7.3179.9

8.0159.0

.714.2

.276

102.5

3237.03 136. 7a 100. 3

7.8

1.161.16

1,9231,404

52040.0

1.341.32

349033453 146

.5

66

281258

249

44220

504499

.085

321.21 18

314

38853 3073578

(6)8 117. 5

(8)« 192. 7

02.5

8.11

10,2265,5955.45

6.5152.3

9.3154.0

.619.9

.273

117.4

8.3

1.111.12

58.7

1.381.32

.5

.67

303302

188

95291

318371

.085

1 05

(6)o 103. 1

(fl)« 195. 9

(03.1

8.06

9,7675,0135.57

5.8124.5

9.4165.5

.734.1

.271

111.5

8.1

1.141.14

43.9

1.471.40

.5

.72

161130

184

1 049267

745231

.085

"""I'os"

(9)«88.9

(9)o 187. 4

.61.2

8.12

9,2734,4185.81

4.796.0

8.6144.8

.519.9

.274

114.5

489.4305.6183.8

6.4

1.191.18

39993569343053.8

1.501.46

1,098852246

1.9

76

67110

42

1 672401

1,502189

.085

49.11 10

466

1,798673

1,126

(6)6 87. 1

(6)« 180. 0

6.92.0

8.12

9,2804,3886.02

4.494.8

6.6122.8

.77.7

.273

143.2

4.4

1.191.17

56.8

1.401.42

7.4

16068

79

1 482547

1,950438

.086

l i e

(6)674.8

(6)6 147. 5

4.63.0

8.13

8,8423,9976.08

4.388.5

4.7101.7

.925.4

.273

123.0

6.7

1.211.18

46.4

1.411.39

6.1

10047

102

472429

1,852447

.087

1. 17

(6)

690.5

(6)6 115. 7

4.13.9

8.14

9,3494,4796.05

5.5116.9

4.7101.4

1.12.3

.276

123.8

381 1238.9142.2

6.3

1.221.20

3,7432,7301,01349.6

1.521.49

915704211

1.4

.84

8478

82

367373

1,748220

.087

41.51 15

381

1,417534884

(6)6 84. 9

(6)6 81. 3

.72.7

9,5474,7455.96

6 3117.0

5 597.7

.810.7

.278

101.2

.2

1.241.24

38.8

1.591.51

.4

.82

c 79c 59c 76

349428

1,563284

.086

Mis

(6)8 90.4

(6)

669.4

1.72.3

9 0104,6365.91

4 9114.8

5.089.8

.710.0

.276

103.7

8.7

1.301.29

43.0

1.571.50

.7

83

11747

112

240294

1,461199

.086

117

(6)6 109. 0

(6)667.6

4.42.6

10, 2095,4965.83

6.8134.1

3.990.4

1.017.6

.277

105.5

259 3142 3116 9

7.6

1.261.25

2 5311,861

67034 6

1 551.52

702504198

.3

78

268184

135

139323

1,258259

.086

34.7114

1,064386678

(6)6 119. 1

(6)

651.2

11.32.7

10, 432

P5.74

8.7157.2

5.5104.9

1.07.2

.299

94.2

'3. 9

1.261.26

35 3

1 511.48

.3

.75

161180

77

108279

1 009315

.086

118

(6)6 134 2

(6)6 104 0

2 23 8

11 217

9.0186.5

7.8136.9

.715.0

.307

108. 5

9.2

1.291.28

26.6

1.511.54

.5

202113

114

67268

809268

.084

.118

10 836

7 462 8

7851

784.7

.087

751.2

7 1,5487431

7 1, 117

r Revised, f Preliminary. l Less than 50 thousand pounds. 2 Crop estimate for the year.3 Old crop only; new crop not reported until beginning of new crop year (July for barley,

oats, rye, and wheat; Oct. for corn). * Average for Jan.-Sept. 5 July 1 estimate of 1971crop.

6 Condensed milk reported with evaporated to avoid disclosing operations of individual firms.7 Average for Jan., April-Sept., and Dec.§ Excludes pearl barley. 9 B ags of 100 Ibs. e C orrected.


S-28 SUKVEY OF CURRENT BUSINESS July 1971


1969 1970

Annual

1970


1971


FOOD AND KINDRED PRODUCTS; TOBACCO— Continued

GRAIN AND GRAIN PRODUCTS— Con.

Wheat— ContinuedExports total includm0" flour mil. bu

Whest only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

$ per bu__No. 2, hd. and dk. hd. winter (Kans. City). do"Weighted avg 6 markets all grades do

Wheat flour:Production:

Flour thous sacks (100 Ib )Offal thous sh tons

Grindings of wheat thous buStocks held by mills, end of period

thous. sacks (100 lb.)._Exports doPrices, wholesale:

Spring, standard patent (Minneapolis)$ per 100 lb_.

Winter, hard, 95% patent (Kans. City) .-do

LIVESTOCK

Cattle and calves:Slaughter (federally inspected):

Calves thous animalsCattle do

Receipts at 38 public markets.- _ doPrices, wholesale:

Beef steers (Omaha)* $ per 100 lb..Steers, stocker and feeder (Kansas City)..doCalves, vealers (Natl. Stockyards, Il l .)__do

Hogs:Slaughter (federally inspected). __thous. animals.-Receipts at 38 public markets doPrices:

Wholesale, average, all grades (Sioux City)*$per lOOlb..

Hog-corn price ratio (bu. of corn equal in valueto 100 Ib live hog)

Sheep and lambs:Slaughter (federally inspected). __thous. animals..Receipts at 38 public markets doPrice, wholesale, lambs, average (Omaha)*

$per 1001b_,

MEATS AND LARD

Total meats:Production (carcass weight, leaf lard in) , inspected

slaughter. _ _ mil IbStocks (excluding lard), cold storage, end of

period _ _ mil IbExports (meat and meat preparations) doImports (meat and meat preparations) do

Beef and veal:Production, inspected slaughter doStocks cold storage end of period doExports.. doImports.. __ _ _ ... do _Price, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) $ p e r l b _ _Lamb and mutton:

Production, inspected slaughter mil IbStocks, cold storage, end of period do

Pork (including lard), production, inspectedslaughter mil Ib

Pork (excluding lard) :Production, inspected slaughter doStocks, cold storage end of period doExports doImports __ doPrices, wholesale:

Hams, smoked composite $perlb..Fresh loins, 8-14 Ib. average (New York) ..do

Lard:Production, inspected slaughter mil IbStocks, dry and cold storage, end" of period.. doExports doPrice, wholesale, refined "(Chicago) $ per Ib—

POULTRY AND EGGSPoultry:

Slaughter (commercial production) mil. lb_.Stocks, cold storage (frozen), end of period, total

mil. lb-Turkeys do

Price, in Georgia producing area, live broilers$perlb..

489.2439.9

1.801.481.75

254, 0944,558

567, 956

4,59521, 130

5.9235.438

3,63730, 536

i 12, 715

29.2829.3037.29

75, 68215,210

23. 65

19.8

10,070i 2, 704

28.53

33, 369

637571

1,685

18, 87336328

1,1942.492

51016

13, 986

11,563211152316

.580

.575

1,75570

262.145

9,492

307192

.140

689.1638.7

1.911.541.79

253,0944,409

563, 395

4,32921, 596

6.1795.569

3,02530, 793

1 11, 922

29.0330.1038.17

78, 1861 14, 871

22.11

19.1

10, 0102,467

27.43

i 34, 587

759518

1,844

i 19, 49634732

1,319

.490

51419

14, 577

12, 119336

67347

.565

.569

1,77682

366.160

10, 493

391219

.125

47.643.4

1.891.531.75

19,826347

44,500

1,837

6.0755.513

2202,493

990

29.2631.3642.00

5,8771,156

23.28

19.5

795185

29.00

r 2, 738

'81642

112

' 1, 582363

370

.488

4119

f 1, 115

'935351

429

.566

.581

1306530

.160

780

'21274

.130

54.248.3

1.931.451.76

19,982353

44,126

4,2272,523

6.1135.513

2102,615

997

29.9630.8440.00

5,6851,153

23.87

19.2

841242

29.50

2,770

72841

148

1,643327

399

.499

4220

1,085

897304

432

.572

.623

1366519

.153

921

'24895

.120

49.947.9

1.921.421.71

19, 991350

44,700

863

6.1255.525

2312,642

927

30.5329.5240.00

5,7741,106

23.57

19.2

829230

28.38

2,771

67131

171

1,644317

3122

.517

4123

1,086

905255

532

.536

.647

1326638

.153

999

322157

.125

59.056.3

1.861.541.80

21, 233373

47, 440

1,164

6.1255.525

2322,538

971

29.7428.7640.50

6,0451,088

21.12

17.0

789225

27.12

2,731

60743

167

1,582300

2129

.505

3923

1,111

924217

524

.535.572

1355437

.160

984

411240

.120

52.449.9

1.931.621.87

22, 159393

49, 361

4,4381.074

6.2755. 713

2642,7231,010

28.9728.9933.00

7,0341,303

20.43

14.3

898244

26.75

3,031

58853

167

1,701296

2130

.488

4421

1,286

1,0662101125

.499

.560

1586028

.154

1,020

516343

.120

74.769.0

1.951.601.88

23,364407

51, 708

2,438

6.4135.713

2662,7521,233

28.4429.6833.00

7,6621,451

17.37

13.4

917262

26.75

3,198

64649

155

1,735310

3113

.473

4621

1,417

1,174246

930

.497

.510

1765937

.158

1,092

624447

.115

63.860.3

1.971.631.89

20, 707361

46,161

1,537

6.4135.650

2452,4241,135

27.0028.0334.00

7,3501,490

15.02

11.9

736216

25.38

2,958

71574

134

1,533326

394

.465

3820

1,383

1,143304

930

.485

.461

1747422

.163

926

486313

.120

66.561.6

1.921.631.84

20, 754361

46, 147

4 3292,104

6.3635.588

2762,611

960

26.4527.5733.50

7,9901,532

14.96

11.1

847201

23.88

3,226

75951

143

1,685347

3102

.454

4419

1,497

1,249336

528

.486

.445

1788242

.145

845

391219

.105

61.959.3

1.911.651.82

20, 894361

46,405

1,134

6.3505.588

2472,569

31,031

28.8329.4234.00

7,48931,412

15.76

10.7

9033178

24.00

3,076

77139

133

1,645335

394

.503

4821

1,383

1,153353

427

.498

.479

166919

.130

762

369206

.125

51.347.8

1.901.651.80

19, 761345

44, 038

1,528

6.3135.613

2372,299<879

31.8031.6940.00

6,3794 1, 230

19.03

13.4

8064131

25.12

2,663

74941

112

1,463313

472

.539

4420

1,157

978344

429

.528

.530

1298640

.138

676

331174

.130

62.759.9

1.821.621.77

21, 004363

46, 705

1,188

6.2505.500

2992, 681

3 1, 140

31.4231.8841.00

8,26631,479

16.88

11.8

9203 178

26.88

3,234

79149

151

1,693306

599

.536

4920

1,491

1,226389

336

.513

.438

1938044

.155

791

294144

.130

53.750.7

1.821.621.75

«• 19, 662335

' 43, 525

1,282

6.2385.488

2482,544

3 1, 032

31.9632.0741.00

7,7943 1, 455

16.04

11.3

8993143

30.25

3,075

86935

141

1,608299

599

4720

1,420

1,195467

430

.517

162

39.150

757

265120

.125

70.366.7

1.841.621.78

20, 355350

45, 248

1,536

6.2255.500

2032,536

3 1, 004

39.00

6,9323 1, 399

7723186

2,940

89846

133

1,599294

487

4022

1,301

1.098497

531

.521

146

31.146

749

'251'111

.135

6.2005.588

39.00

.535

.143

210144

.140r Revised.1 Annual total reflects revisions not distributed to the months.2 Beginning Jan. 1969, quotations are on carlot rather than l.c.l. basis as previously.

s Data are for 41 public markets. 4 Data are for 40 public markets.*New series. Monthly data for earlier years will be shown later.




1969 1970

Annual

1970


1971



POULTRY AND EGGS— Continued

Eggs:Production on farms mil. cases OStocks , cold storage, end of period:

Shell thous. casesO..Frozen. _ _ mil. Ib

Price, wholesale, large (delivered; Chicago)$ per doz__

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl. shells) thous. Ig tonsPrice, wholesale, Accra (New York) $ per lb__

Coffee (green):Inventories (roasters', importers', dealers'), end

of period - thous bagsd"Roastings (green weight).. _. do .

Imports, total . _ doFrom Brazil do

Price, wholesale, Santos, No. 4 (N.Y.)--$ per lb._Confectionery, manufacturers' sales mil. $..

Fish:Stocks, cold storage, end of period mil. lb_.

Sugar (United States):Deliveries and supply (raw basis) :§

Production and receipts:Production thous. sh. tons..Entries from off-shore, total? do

Hawaii and Puerto Rico do

Deliveries, total 9 ... doFor domestic consumption do

Stocks, raw and ref., end of period do

Exports, raw and refined _ .sh. tons..

Imports:Raw sugar, total 9 thous. sh tons

From the Philippines ., doRefined sugar, total - do

Prices (New York):Raw, wholesale $ per IbRefined:

Retail (incl. N.E. New Jersey) $ per 5 Ib _Wholesale (excl. excise tax) $per lb._

Tea imports thous Ib

PATS. OILS, AND RELATED PRODUCTS

Baking or frying fats (incl. shortening):Production mil. lb._Stocks, end of period© " do

Salad or cooking oils:Production doStocks, end of period© _ do

Margarine:Production. _. doStocks, end of period© doPrice, wholesale (colored; mfr. to wholesaler or

large retailer; delivered) $perlb._Animal and fish fats:A

Tallow, edible:Production (quantities rendered) mil. lb_-Consumption in end products doStocks, end of period 1 __do_.

Tallow and grease (except wool), inedible:Production (quantities rendered) doConsumption in end products doStocks, end of period 1 do

Fish and marine mammal oils:Production doConsumption in end products doStocks, end of period f do

Vegetable oils and related products:Coconut oil:

Production: Crude mil. lb_.Refined do

Consumption in end products doStocks, crude and ref., end of period If doImports . . do

Corn oil:Production' Crude do

Refined doConsumption in end products . ._ doStocks, crude and ref., end of periodH do

' Revised. v Preliminary. d Data withheld 1dividual firms. 1 Less than 500 short tons.

G Cases of 30 dozen. c^Bags of 132.276 Ib. §Mc

191.9

5143

.460

218.4.458

3,81120, 851

20, 2325,780.408

1,848

275

4,3006,3501,501

10, 80410, 6552,796

968

4,7761,024

124

.078

.638

.107

139, 962

3, 480. 5138.7

3, 143. 770.5

2, 181. 952.1

.260

534.6510.9'46.0

4,655. 0'2,595.2

348.0

171.675.784.0

386.3547.5732.6205.9424.6

465.5438.1

' 441. 254.1

o avoid c

mthly dat

195.2

5150

.425

279.2.341

2,59320, 075

19, 7274,712.557

1,841

306

4,7106,6751,497

11,46711,3172,784

7,892

5,2171,522

35

.081

.674

.112

135,202

3,587.6132.9

3, 389. 375.6

2, 230. 345.6

.289

558.2567.746.7

4, 876. 82, 551. 5

396.1

207.068.7

103.5

(<0544.0749.6202.9584.2

474.0440.9449.643.2

isclosure

a reflect c

16.9

11148

.330

21.9.286

1,644323

.538118

201

128530148

948937

2,424

136

358951

.082

.671

.109

11, 503

294.6134.2

276.193.4

157.952.5

.290

46.751.837.3

392.1215.6338.7

22.36.1

74.1

(«)41.163.1

122.951.7

44.535.934.274.2

of opera

umulatfr

16.1

15756

.359

14.9.293

3,4875,143

1,891595

.538125

229

74103155

1,0491,0372,103

44

515120

1

.082

.677

.113

10, 972

293.8155.4

314.587.5

181.165.4

.290

46.049.636.2

395.8226.5319.8

38.26.6

114.9

0051.766.7

134.076.1

41.338.939.967.9

tions of

re revisic

16.3

14760

.415

24.1.310

1,550357

.568108

263

1111,113

64

1,0231,0121,726

37

454137

2

.082

.680

.113

8,940

256.9150.1

279.299.7

169.759.4

.290

41.843.335.2

410.6213.0333.7

40.05.8

127.8

(«)43.055.6

114.047.6

38.534.337.568.1

n-

>ns

16.2

9863

.400

21.3.388

1,616468

.570138

298

118693144

1,0891,0781,384

58

534196

2

.082

.682

.113

8,778

308.2140.0

268.387.3

166.855.9

.290

43.648.029.3

389.6200.9325.0

39.05.0

147.9

<")44.161.3

123.846.9

37.435.335. 363.5

for pri<on Ianstocks.

15.7

17860

.455

23.3.378

3,4614,352

1,355224

.578214

310

139515138

1,0931,0791,046

26

565205

10

.081

.683.114

10, 805

298.2127.0

268.668.5

189.650.3

.290

48.340.936.9

419.5216.3369.5

27.46.0

110.2

(«951.062.5

145.627.0

34.034.638.060.1

>r period1, see p.

« Co

16.4

13658

.415

26.7.354

1,713367

.588192

313

720708226

931912

1,414

194

36880

4

.082

.678

.114

11,971

316.5120.5

289.480.0

••200.752.3

.294

47.045.136.3

423.2209.2348.3

20.85.7

128.6

0047.662.1

165.063.9

42.042.343.354.7

3. 9IlS-28.

rrected.

16.1

7655

.448

14.5.354

1,597387

.575174

312

1,043509112

833822

2,202

128

323951

.080

.680.114

10, 409

305.6122.5

286.783.4

187.250.4

.306

45.649.437.9

401.5208.8392.2

6.74.4

114.3

(d)40.960.4

176.014.1

40.136.936.451.3

icludes c©Prod

17.0

5150

.410

25.4.329

2,5935,190

1,382291

.550157

306

992367120

1,0551,0442,784

146

553178

2

.081

.677

.114

12, 682

299.0132.9

299.975.6

216.745.6

.306

46.948.046.7

446.6220.5396.1

7.64.8

103.5

(d)44.663.6

202.912.3

34.739.140.443.2

lata not $[leers' an

17.1

6049

.372

45.0.309

2,002822

.550'171

275

6642,218

15

727720

3,003

50

32544

.084

.680

.114

13. 226

291.5134.7

283.974.4

212.950.4

.306

50.151.547.0

422.7218.0423.5

1.45.6

72.0

(")48.763.7

217.0129.2

38.039.639.536.0

>hown sed wareh

15.5

5351

.332

22.8.273

1,5281

.550'183

'247

31514342

718706

2,943

44

239302

.084

.679

.114

12, 360

309.2130.3

281.771.6

189.059.4

.306

49.161.737.7

385.2201.4349.6

.64.4

62.7

0044.260.9

180.941.7

37.331.934.437.1

paratelyouse sto

17.3

13954

.331

25.2.279

2,5375,210

1,475114

.480'174

210

151412119

1,0261,0132,701

12

477847

.084

.687

.117

15, 073

300.0134.7

292.070.7

195. 957.7

.305

'51.7c 53.3

37.0

438.5233,5380.6

' .64.7

60.0

(<050.668.9

182.552.9

43.738.235.247.9

see also3ks. 1

16.8

8060

.330

28.2.273

2,030310

.450155

' 196

1508897

860851

' 2, 660

1,179

550142

6

.082

.695

.116

18, 078

272.4134.4

' 270. 172.0

' 181. 0'55.9

.305

'43.2'44.4'34.9

' 392. 0' 216. 4' 363. 9

'9.2'4.0

'65.8

(d)'49.5'64.3' 169. 3

54.9

'41.434.2

'35.5'56.8

note"§"Factory

17.3

10167

.363

17.8.253

1,759317

.438

'198

178176

v 2, 525

21

41296

2

.084

.695

.116

15, 128

277 .4128.1

289.181.1

176.4161.2

. 305

43.344.942.2

401.2229.9371.4

25.94.3

87.6

0045.065 2

166.347.5

40.937.234.157.9

AFand wai

9375

.317

.268

.438

.086

.116

.305

or data'ehouse




1969 | 1970

Annual

1970

May June July Aug. 1 Sept. Oct. Nov. Dec.

1971



FATS, OILS, AND RELATEDPRODUCTS- Continued

Vegetable oils and related products— ContinuedCottonseed cake and meal:

Production thous. sh. tons .Stocks (at oil mills) , end of period do

Cottonseed oil:Production* Crude mil. Ib

Refined .- do__ _Consumption in end products doStocks, crude and refined (factory and ware-

house) . end of period mil. lb_ _Exports (crude and refined) doPrice, wholesale (drums; N.Y.) $ per lb._

Linseed oil:Production crude (raw) mil. IbConsumption in end products doStocks, crude and refined (factory and ware-

house) , end of period mil. IbPrice, wholesale (Minneapolis) .-.$ per lb._

Soybean cake and meal:Production thous. sh. tonsStocks (at oil mills), end of period - ..do _.

Soybean oil:Production: Crude mil. Ib

Refined ..do . _ _Consumption in end products doStocks, crude and refined (factory and ware-

house) end of period mil. IbExports (crude and refined) - -do _.Price wholesale (refined; N Y ) $ per Ib

TOBACCOLeaf:

Production (crop estimate) mil IbStocks, dealers' and manufacturers' end of period

mil IbExports, incl scrap and stems thous IbImports incl. scrap and stems do

Manufactured:Consumption (withdrawals):

Cigarettes (small):Tax-exempt - - millionsTaxable do

Cigars (large) , taxable doExports cigarettes do

2, 001. 474.8

1, 425. 81, 252. 0

889.7

398.6246.5.142

291.8193.9

128 8.120

14,716.5103.2

6, 804. 75, 860. 05, 948. 2

517.2761.1.110

1 1, 804

4,940579,106213, 402

47, 263510, 532

6,74424, 970

1, 725. 885.8

1,211,41,019.2

932.0

184.3369.8.175

314.5193.2

148.5.109

17, 379. 2112.2

8, 085. 96,276.36, 322. 7

755.71, 372. 4

.133

11,906

5,006510, 325235,428

51, 166532, 764

6,70129, 147

103.1161.0

73.277.778.2

297.761.0.184

26.817.1

130.4.122

1,549.2202.0

724.1505.6491.0

715.881.1.133

39, 92716, 474

4,05342, 549

6312,838

74.1140.7

53.167.680.6

252.212.2.180

24.218.6

128.7.122

1,461.6179.3

680.3531.9549.5

651.3197.8.128

'4,41942, 30717, 776

5,74446,646

5573,120

46.698.0

33.142.563.0

213.917.5.180

17.518.6

112.8.110

1, 441. 3130.2

664.7488.1488.3

638.3136.0.130

34, 69920, 388

5,03144, 165

5402,766

38.065.1

26.627.163.0

158.18.8

.178

29.118.4

117.1.110

1,429.4170.8

655.6516.5513.7

670.6126.7.143

29, 55523, 556

3,68547, 119

5882,309

45.239.3

30.527.665.8

121.417.8.167

36.216.8

129.9.100

1.238.4106.8

563.8491.9524.3

543.4165.2.137

'4 65046, 76615, 364

4,29247, 245

5932,188

194.154.2

134.371.677.3

140.112.0.167

30.715.1

134.9.100

1,530.2139.8

729.8534.5548.2

562.3103.9.161

53, 65021, 982

3,92650, 665

6532,656

219.282.9

153.4116.079.6

163.518.6.180

26.814.2

144.9.100

1,507.5158.2

705.6514.5519.9

717.652.7.172

72, 84533, 652

3,42344 026

5812 034

218.285.8

152.6116.676.9

184.336.7.178

27.512.7

148.5.095

1,560.4112.2

727.7538.8552.3

755.7174.6.163

5,00662, 47714, 673

4,13841, 196

4952 352

215.8103.2

151.5108.567.8

202.343.5.183

31.913.3

157.5.095

1,560.3170.3

724.8543.5534.7

751.8112.0.168

39 33620, 362

3,62045 634

5102 357

202.4125.5

141.2108.673.6

224.639.2.195

32.415.8

170.5.095

1, 387. 2173.6

653.2511.1505.8

787.8109.3

144

32 30317, 142

3,46642 518

5052 198

192.2136.4

134.0119.869.4

246.940.3.195

34.918.4

180.7.090

1, 463. 2138.4

695.9557.9535.0

756.0156.0.145

4 76352 35217, 252

3,95443 360

5562 381

' 145. 3r 134. 5r 103. 3

77.256. 1

' 265. 718.2.193

36.7'19.6

' 192. 8.088

'1,483.4152.0

695.7' 495. 0' 497. 9

' 765. 8168.0.135

44 45818, 136

3,36643 590

5582 258

109.5147.2

77.980.561.2

278.121.4.188

36.819.5

187.0.088

1 ,458. 9204.3

702.7506.7505.7

763.6191.8.137

47 43431. 305

2 476

1.88

.088

.146

3 1,709

t

LEATHER AND PRODUCTS

HIDES AND SKINSExports:

Value, total 9 thous $Calf and kip skins thous skinsCattle hides thous hides

Imports:Value, total 9 thous $

Sheep and lamb skins thous. piecesGoat and kid skins do

Prices, wholesale, f.o.b. shipping point:Calfskins, packer, heavy, 9H/15 Ib $ per lb._Hides, steer, heavy, native, over 53 lb._ do

LEATHERProduction:

Calf and whole kip thous skinsCattle hide and side kip thous hides and kipsGoat and kid thous skinsSheep and lamb do

Exports:Upper and lining leather thous. sq. ft

Prices, wholesale, f.o.b. tannery:Sole, bends, light index, 1967-100Upper, chrome calf, B and C grades

index, 1967=100..

LEATHER MANUFACTURESShoes and slippers:

Production total t thous pairsShoes, sandals, and play shoes, except athletic!

thous pairsSlippers t doAthletic J . . doOther footwear 1 _ _ _ _ do

Exports do

Prices, wholesale, f.o.b. factory:Men's and boys' oxfords, dress, elk or side

upper, Goodyear welt -index, 1967=100..Women's oxfords, elk side upper, Goodyear

welt index, 1967=100..Women's pumps, low-medium quality. ..do

152, 4461,652

14 778

62, 4002 20, 716

2 5 068

.561

.146

3,38122 0305 856

25 242

2 65, 802

109.5

99.7

576, 961

463, 388100, 943

8,9933,637

2,324

108.9

111.9111.0

145, 2001,316

15 222

51, 30018, 70130 028

.331

.129

2 71720 3533 979

23 598

79 365

114 0

84.3

559 233

441 206107* 562

9 4903 305

2 154

113.3

116.2117.1

12, 794105

1,250

5,4002,450

316

.375

.134

2581 815

4042,054

8,316

114.9

86.5

46 285

'35 898r 9, 334

'850' 193

161

112.9

116.4117.4

13, 79996

1,395

4,0001,438

153

.275

.134

2671 791

4132,038

6,742

113.4

82.7

47 939

36 84810 534

807196

172

112.9

116.4117.4

10, 83685

1 159

4,5001,294

174

.320

.123

1351 318

2401,747

6 306

113 4

82.7

42 875

34 1878 316

534155

139

112.9

116.4117.5

10 15164

1 123

4,5002,172

102

.350

.135

1861 622

2602,145

6,165

113.4

82.7

47 340

36 8709 345

832293

156

112.9

116.4117.5

10 952124

1 235

2,80084936

.320

.130

1841 681' 244

1 989

5 870

113 4

80.6

47 722

36 18810 209

838487

219

114.6

116.4117.5

11 205131

1 196

2 80086320

.320

.131

2151 784'225

2 117

6 300

113 4

80.6

48 969

36 71410' 868

935452

213

114.6

116.4117.5

11 523116

1 247

3 5001 242

65

.320

.131

2131 585

2022 013

5 661

113 4

80.6

40 895

30 7498 953

802391

192

114.6

116.4117.5

11 619176

1 258

3 00093445

.315

.110

1881 701

2041,949

8 117

113 4

80.2

43 409

35 3956 738

827449

198

114.6

116.4117.5

11 642137

1 207

3 10083279

.300

.104

1631 660

1431 803

6 557

111 8

80.2

44 864

36 7096 889

752504

141

116.7

118.9121.2

11 985168

1 251

3 8001 548

179

.300

.115

1241 631

1621 820

6 457

111 8

79.4

44 895

36 6146 910

842529

248

116.7

120.2121.2

14 933189

1 611

6 2002 879

180

.275

.115

1291 871

1691 768

7 784

111 8

79.4

50 153

40 6508 245

937321

175

117.1

120.2121.2

11 512289

1 239

7 4003 591

317

.300

.158

1281 848

1931 848

7 256

116 4

82.7

' 46 747

' 37, 432' 8, 104

'919292

167

117.1

120.2121.2

13 124258

1 304

5 0001,670

170

.300

.168

7,391

116.4

85.2

43 919

34, 3828,524

772236

146

117.1

120.2121.2

.300

.141

114.1

87.7

117.1

120.2121.2

T Revised. 1 Crop estimate for the year.2 Annual total reflects revisions not distributed to the monthly data.3 July 1 estimate of 1971 crop.

9 Includes data for items not shown separately.t Re visions for Jan. 1968-Aug. 1969 will be shown later.




1969 1970

Annual

1970


1971


LUMBER AND PRODUCTS

LUMBER— ALL TYPES $ T

National Forest Products Association:Production, total mil. bd. f t_ .

Hardwoods _ _ - _ do. _ _Softwoods do

Shipments, total doHardwoods _ _ _ _ _ _ d oSoftwoods do

Stocks (gross) , mill, end of period, total doHardwoods doSoftwoods _ _ _ _ _ _ _ _ _ _ _ _ _ _ d o _ _

Exports, total sawmill products _ doImports, total sawmill products do

SOFTWOODS 1

Douglas fir:Orders, new mil. bd. f t ._Orders, unfilled, end of period- _ _ _ _ do. .

Production doShipments doStocks (gross), mill, end of period do

Exports, total sawmill products doSawed timber _ _ _ _ _ _ doBoards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. L.

$per M bd. f t _ _Flooring, C and better, F. O., I" x 4", R. L.

$ per M bd. f t _ _

Southern pine:Orders new mil bd ftOrders unfilled end of period do

Production . _ _ _ _ _ doShipments doStocks (gross) , mill and concentration yards, end

of period mil bd ft

Exports, total sawmill products M bd ft

Prices, wholesale, (indexes):Boards, No. 2 and better, 1" x 6", R. L.

1967=100..Flooring, B and better, F. Q., I" x 4", S. L.

1967=100..

Western pine:Orders, new _ . -.mil. bd. ftOrders, unfilled, end of period _ _ do

Production doShipments do

Price, wholesale, Ponderosa, boards, No. 3, 1" x12", R. L. (6' and over) $ per M bd. f t_ .

HARDWOOD FLOORING

Oak:Orders, new mil bd ftOrders, unfilled, end of period do

Production do

Stocks (gross), mill, end of period do

37, 9438,468

29 481

37 6158,676

28 943

5,332630

4 7041 1, 1581 6, 263

7,844486

8,2188,1791,010

35988

271

113. 52

212. 59

7,336324

7,6457,434

1,348

1 75 687

127.5

119.8

9,593364

9 9999 768

1 R97

107. 18

380.612.0

393.1387 829.6

36, 6037,964

28 639

35 5967,078

28 518

6,3631 5164 847

1,2666,095

7,994457

8 0718 0231 058

38087

292

92.22

226. 76

7 721373

7 7007 672

1 376

78 418

107.9

122.9

9,341334

9 3789 371

1 RQJ.

83.79

304 49.1

315.2306 733.3

3,080647

2 433

2 942'558

2 384

6,1371 0655,072

91572

542453

693651

1,114

236

17

92.68

225. 69

627369

663660

1 465

8 096

106.8

123.3

759349

809812

1, 711

90 14

22 39.4

25.39fi 932.1

2,967622

2,345

3,042524

2 518

6,0611,1654,896

129562

715406

694762

1,046

531340

90.80

225. 69

651361

622659

1 428

8 169

105.4

123.3

833356

768826

94.14

25 38.7

26.226 134.1

3,004648

2,356

2,930497

2,433

6,1411,3224,819

93478

697466

627637

1,036

215

16

90.33

225. 69

702364

647699

1 376

6 481

105.4

123.3

947445

850858

88.00

31 110.3

26.930 029.4

3,045626

2,419

3,044572

2,472

6,7131,3894,784

119540

676435

690707

1,037

327

25

93.00

227. 32

670374

627660

1 343

5 099

106.1

123.3

807410

850842

I Ccq

82.39

27 910.7

27.827 529.6

3,104641

2,463

3,059587

2,472

6,2351,4604,775

139553

633395

693673

1,057

215

16

95.04

228. 14

671_B3w°650

T 662

1,331

5 557

109.8

123.3

887379

900918

1 f>qe

81.31

25.69.3

29.027 431.2

3,201681

2,520

3,140657

2,483

6,2881,4764,812

97533

741445

692691

1,058

319

22

94.27

228. 14

680351

720712

1,339

5,100

112.7

123.9

812354

860837

1 658

78.54

23.67.8

28.325 233.6

2,733587

2,146

2,694574

2,120

6,2331,3954,838

99514

605424

637626

1,069

277

20

92.85

229. 65

607333

641625

1,355

6,405

110.7

123.9

646307

684693

1 649

75.64

19.77.0

22.220 535.5

2,639535

2,104

2,632511

2,121

6,3631,5164,847

103422

623457

579590

1,058

441035

90.68

226. 54

660373

641620

1,376

5,638

109.7

123.3

688334

646661

1 634

74.90

26.69.1

23.924 7qq qOO. O

2,794571

2,223

2,738566

2,172

6,4281,5294,899

80505

778593

635642

1,051

287

21

2 91. 45

2228.10

744431

670686

1,360

4,785

112.7

125.0

746445

638635

1 637

72.36

25.59.7

23.223 832.8

2,983537

2,446

3,075582

2,493

6,2771,4844,793

87473

702630

684665

1,070

299

21

98.65

228. 10

802484

739749

1,350

4,887

119.8

127.8

778424

740799

1 578

75.01

24.510.5

24.523.833.5

3,339509

2,830

3 472637

2 835

6,1431,3554,788

91683

738603

806765

1,111

358

27

110. 95

228.10

791432

797843

1,304

6,232

124.5

129.6

869374

924919

1 583

84.94

25.69.4

28.726.835.4

3,451577

2 874

3 550644

2 916

6,0421 2874 755

90563

912689

792826

1,077

361124

111.50

228. 10

887458

842861

1,285

5,173

127.1

131.3

925386

931913

1,601

101. 21

25.29.3

28.225.238.1

3,168599

2 569

3 313659

2 654

5,8951 2254 670

88650

652646

679695

1,061

275

22

112. 12

224. 99

788457

779789

1,275

6,091

130.7

131.3

845356

823875

1,549

99.29

27.79.3

24.727.735.2

116. 72

224.22

133.2

132.6

92.70

METALS AND MANUFACTURES

IRON AND STEELExports:

Steel mill products thous. sh. tons..Scrap doPig iron _ _ do

Imports:Steel mill products. doScrap. _ _ _ _ _ _ _ _ d oPig iron _ do

Iron and Steel Scrap

Production thous. sh. tons..Receipts, net f doConsumption doStocks, end of period do

Prices, steel scrap, No. 1 heavy melting:Composite (5 markets) $ perlg. ton

Pittsburgh district do

15,2299,176

44

14, 034412417

1 56, 287i 36, 9291 Q4 gig1 6, 552

29.7632.00

7,05310,365

310

13,364346266

1 52, 4641 33, 889i gg jgg

7,668

40.7242.00

9161,300

45

1,0663030

4,4632,8637 5196,268

42.2144.50

65198954

1,0823322

4,5222,9877 4306,360

43.1744.00

6351,045

2

1,1343333

4,3633,9826 8086,657

40.1740.50

56691843

1,1112720

4,3772,6086 8416,828

39. IS39. 00

39883220

1,2772333

4,4502,7056 9847,' 008

42.3642.50

37972218

1,3343126

2,9406 8147,346

41.7844.00

35578118

1,7143514

2,5196 1577,585

35.5138.50

29973043

1,3472949

2,5416 5427,668

34.9838.00

254641

1

1,305286

4 4.Q1

2,6647,5128,048

39.6241.50

199460

(3)

1,230185

4 4362,8707,2807,420

40.1440.75

186472

3

1,254247

r 5 145'3,319' 8 ,373r 7,518

36.2639.00

189526

7

1,3632631

v5 066J-3 ,020j-8 ,266*7,309

33.3337.00

183642

1,7922026

34.2937.50

31.6236.50

r Revised. *> Preliminary. J Annual data; monthly revisions are not available.2 Beginning Jan. 1971, data reflect changes in size specifications, and are not comparable

with those for earlier periods. s Less than 500 tons.9 Totals include data for types of lumber not shown separately.IfData for orders, production, shipments, and stocks have been revised back to 1962;

corresponding monthly revisions are available for 1968 and 1969 only.t Receipts previously shown for the period Apr. 1967-Sept. 1969 have been corrected to

represent net receipts (i.e., less scrap shipped, transferred, or otherwise disposed of (luring tneperiod),-data comparable with the net receipts shown through Mar. 1967 appear in the *eo.1970 SURVEY, p. S-31.




1969 j 1970

Annual

1970


1971


METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Ore

Iron ore (operations in all U.S. districts):Mine production thous Ig tonsShipments from mines doImports _ _ _ . -. _ _ _ _ _ _ - _ d o

U.S. and foreign ores and ore agglomerates:Receipts at iron and steel plants doConsumption at iron and steel plants doExports do

Stocks, total, end of period. __ . _ ._ _doAt mines doAt furnace yards doAt U.S. docks do

Manganese (inn. content) , general imports do

Pig Iron and Iron Products

Pig iron:Production (excluding production of ferroalloys)

thous. sh. tons__Consumption - - doStocks , end of period ... do

Prices:Composite $ per Ig. ton--Basic (furnace) doFoundry, No. 2, Northern do

Castings, gray iron:Orders, unfilled, for sale, end of period

thous. sh. tons--Shipments, total do

For sale doCastings, malleable iron:

Orders, unfilled, for sale, end of periodthous. sh. tons..

Shipments, total doFor sale.- - do

Steel, Raw and Semifinished

Steel (raw) :Production thous. sh. tons..

Index daily average 1967 — 100Steel castings:

Orders, unfilled, for sale, end of periodthous. sh. tons..

Shipments, total doFor sale, total do

Steel Mill Products

Steel products, net shipments:Total (all grades) thous. sh. tons_.By product:

Semifinished products. __. doStructural shapes (heavy), steel piling ._ doPlates doRails and accessories do

Bars and tool steel, total. . doBars: Hot rolled (incl light shapes) do

Reinforcing doCold finished do

Pipe and tubing doWire and wire products doTin mill products. doSheets and strip (incl. electrical), total do

Sheets: Hot rolled doCold rolled do

By market (quarterly shipments) :Service centers and distributors doConstruction, incl. maintenance doContractors' products doAutomotive do

Rail transportation doMachinery, industrial equip., tools doContainers, packaging, ship, materials _ . _ doOther do

Steel mill products, inventories, end of period:Consumers' (manufacturers only) _. mil. sh. tons

Receipts during period. doConsumption during period do

Service centers (warehouses) doProducing mills:

In process (ingots, semifinished, e tc . )____ doFinished (sheets, plates, bars, pipe, etc.) -do

Steel (carbon), finished, composite price... $ per lb_.

' Revised. 9 Preliminary. 1 Annual data; m2 For month shown.

NOTE FOR LEAD STOCKS, P. S-33: f Decreasfor one large consumer. End-of-month stocks as pierroneously increased about 2,500 tons per month. EWith Jan. 31, 1971 stocks, 117,700 tons.

88, 260i 90, 581

40, 758

126, 165128, 550

5,430

i 67, 4411 13, 790

51,0032,648

1,124

95, 017i 94, 635U,723

63.7864.0064.33

1,09115, 9339,185

1171,172

672

1141,262111.0

4461,8971,580

i 93, 877

6,3736,2448,2381,514

14, 3548,6593,6591,9239,2323,2566,555

38, 11112, 47116,427

i 17, 5651 11, 402

i 4, 7681 18, 276

i 3, 344i 5, 690i 7, 145

i 25, 687

9.869.370.0

6.3

11.710.2

.0917onthly re~v

e from Diblished fDevised D

i 89,836i 89,05744, 876

125, 107123, 261

5,494

70, 48814, 30452, 7813,403

990

* 91, 4351 90, 068

2,082

69.3369.2670.33

88813, 9468,173

78852521

1131,514103.4

3211,7261,417

i 90, 798

7,3876,0608,0651,590

14, 5778,1074,8911,4907,7782,9987,243

35, 10112, 31914, 250

U7, 678UO, 565i 4, 440

i 14, 475

i 3, 098i 5, 1691 7, 775127, 598

9.467.167.5

7.2

12.810.5

.1020

isions are

ec. 31 stocor Sept. 1ec. 31, 197

9,26410, 2993,806

14, 48310, 934

433

' 57, 57622, 538

' 33, 2681,770

34

8,1227,8971,787

68.2068.5069.00

1,0461,256

723

947844

11, 574107.1

421154124

8,190

729500714156

1,305735436127679275582

3,2491,0871,359

9.16.06.0

6.1

12.110.1

.0974

not avail

ks reflectL968-Dec0 stocks

9,52010, 7635,487

r 15, 021' 10, 485

627

'61,10321, 297

'37,8042,002

47

7,8747,7351,804

68.2068.5069.00

1,0191,291

758

• 907745

11,323108.3

411158128

8,517

780543737143

1,388758472149691282605

3,3501,1411,362

4,4702,8181,1033,844

8801,3551 7577,520

8.96.16.3

6.1

12.19.7

.1056

able.

s correct. 1970 wcompara

9,65111,6985,193

' 15, 524'10,318

700

'64,53819,251

'43,0102,277

102

7,6187,4171,924

68.2067.9269.00

9781,084

669

1006141

10, 78199.8

381129108

7,759

586534685119

1,249651469123657254603

3,0711,0771,240

9.25.65.3

6.2

11.79.5

.1056

ionereble

9,38212,0035,368

15, 40710, 279

629

'67,46616, 629

'48,1382,699

149

7,5787,4151,929

68.2067.9269.00

9691,139

694

946842

10, 76599.6

378123101

7,511

470472631100

1,262676456123661263663

2,988993

1,229

9.55.55.2

6.6

11.99.5

.1056

N01quotalbeen d

8,89910, 9525,222

14, 48310, 056

667

'70,28614, 615

'52,5653,106

81

7,4147,4021,814

72.6573.3374.50

9111,150

685

916344

10, 726102.6

334137116

7,767

526490632

90

1,156625403121638255

1,1512,831

9731,120

4,5022,7941 1933 830

6091,2122 5366,362

9.75.55.3

6.5

11.99.2

.1056

PE FORion, delhiscontini]

8,2609,6583,818

12, 59310, 200

561

'71,71813, 223

'54,9583,537

117

7,5277,4991,833

73.7073.3374.50

8431,087

662

725842

10, 69999.0

318146123

6,867

601505608105

1,149607424112605250419

2,625880

1,060

9.54,85.0

6.5

12.19.7

.1062

ZINC 1

rered based); com

5,9916,8153,448

9,5829,607

423

'71,00712,416

'54,9333,658

98

7,2337,0741,856

73.7073.3374.50

826929550

905338

10, 00895.7

316124102

6,119

501457592123

1,04154139995

515200345

2,345771963

9.24.34.6

6.5

12.810.0

.1062

PRICE,is, for alparable

5,9613,9663,158

8,02010, 173

271

70, 48814, 30452. 7813; 403

115

7,5577,4402,082

73.7073.3374.50

8881,047

594

787343

10, 43896.6

321141116

6,949

496456654160

1,13564438798

582211391

2,864931

1,248

4,2062,5231,0282,966

6961,0971 3246,095

9.45.75.5

7.2

12.810.5

.1062

P. S-33i domestdelivered

5,3502,1371,954

4,05010, 609

239

66, 82017, 52946, 1823,109

54

7,8047,5521,928

73.7073.3374.50

9641,140

643

787542

11,274104.3

334129106

7,509

434569807129

1,173732322113593230583

2,992946

1,318

9.65.55.3

6.9

13.510.5

.1062

cTEflecic sales (price for

5,2282,168

878

4,2209,946

98

64,19821, 08440, 4772,637

49

7,3787,2981,937

73.7073.3374.50

9671,129

633

717336

10,874111.4

336136111

7,562

403632969136

1,240783334117569207419

2,987956

1,296

9.75.75.6

6.8

12.911.0

.1062

ive Janthe formDec. 19"

5,8982,6463,678

4,88011,495

373

59, 89824, 37233, 8601,666

74

8,518' 8, 492' 1, 885

73.7073.3374.50

'991' 1, 325

'744

73'82

45

12,645117.0

'338'157'128

9,026

530541835175

1,5921,008

431147730248551

3,8231,2161,673

4,4822,5111,2855,268

9291,5011,7396,420

10.57.26.4

'7.0

12.311.3

.1062

1971, ther East'0, 15.5 ce

6,3455,4393,525

8,68411, 054

366

57, 76225, 30131, 490

971

93

8,421p 8, 418p 1, 861

73.7073.3374.50

1,0711,286

753

697845

12,565120.2

327140112

9,470

558530761155

1,554949441157

1,013289635

3,9741,2241,802

2 1, 79621,010

25162 2, 238

228625502685

2 2, 388

11.7'7.3'6.1

7.5

11.811.0

.1062

e price iSt. Louints per i

4,643

14,16911,703

351

33, 9571,166

93

8,783

73.3374.50

12, 920119. 6

9,341

452554802156

1,447861441138750289749

4,1411,3151,825

2 1, 5502 1, 023

25202 2, 275

2 31625952817

2 2, 245

13.07.36.0

11.710.5

73.3374.50

v 11, 523p 110. 2

-epresents a flat3 base price has)ound.


July 19T1 SURVEY OF CURRENT BUSINESS S-33


1969 1970

Annual

1970


1971



NONFERROUS METALS AND PRODUCTSAluminum:

Production, primary (dom. and foreign ores)thous. sh. tons..

Recovery from scrap (aluminum content).. do

Imports (general):Metal and alloys, crude doPlates, sheets, etc. _do_. -

Exports, metal and alloys, crude do

Price, primary ingot, 99.5% minimum._.$ per lb._

Aluminum products:Shipments:

Ingot and mill prod, (net ship.)§ mil. lb_.Mill products, total § do

Plate and sheet§ do. ..Castings A do

Inventories, total (ingot, mill prod., and scrap),end of period* mil. Ib

Copper:Production:

Mine, recoverable copper thous. sh. tons__Refinery, primary. _ _ _ _ _ _ _ d o

From domestic ores doFrom foreign ores _ _. . do

Secondary, recovered as refined do

Imports (general) :Refined, unrefined, scrap (copper cont.). .do

Refined doExports:

Refined and scrap doRefined- do

Consumption, refined (by mills, etc.) doStocks, refined, end of period do

Fabricators' doPrice, electrolytic (wirebars), dom., delivered t

$ per Ib..

Copper-base mill and foundry products, shipments(quarterly total) :

Brass mill products mil IbCopper wire mill products (copper cont.)_..doBrass and bronze foundry products do

Lead:Production:

Mine, recoverable lead thous. sh. tons__Recovered from scrap (lead cont.)__. . .do

Imports (general), ore (lead cont.), metal.. .doConsumption, total _ _ do

Stocks, end of period:Producers', ore, base bullion, and in process

(lead content), ABMS thous. sh. tons-.Refiners' (primary), refined and antimonial

(lead content) thous. sh. tons_ _Consumers' (lead content) cf ... doScrap (lead-base, purchased), all smelters

(gross weight) thous. sh. tons,.Price, common grade (N.Y.) $ perlb__

Tin:Imports (for consumption) :

Ore (tin content) lg. tonsBars, pigs, etc. _ do

Recovery from scrap, total (tin cont.).__ .doAs metal . do

Consumption, total. doPrimary _ do

Exports, incl. reexports (metal) doStocks, pig (industrial), end of period. _ _ .doPrice, pig, Straits (N.Y.), prompt $ perlb__

Zinc:Mine prod., recoverable zinc thous. sh. tons_.Imports (general) :

Ores (zinc content) _ doMetal (slab, blocks) do

Consumption (recoverable zinc content) :Ores _ doScrap, all types do

Slab zinc:Production (primary smelter), from domestic

and foreign ores thous sh tonsSecondary (redistilled) production doConsumption, fabricators' _ _ doExports _ doStocks, end of period:

Producers', at smelter (AZI)O do .Consumers' do

Price, Prime Western (East St. Louis) .$ per Vb

3,793.1» 978. 0

468.657.2

344.4

.2718

10,717.57, 666. 33, 726. 81,698.1

3,785

1, 544. 61, 742. 81, 468. 9

273.9465.6

415.1131.1

286.2200.3

2, 145. 0170.3124.4

.4793

3,1112,524

853

509.01 603. 9

389.61, 389. 4

165.7

*25. 71 156. 4

*73.6.1490

054, 950

i 22, 775i 3, 022

i 80, 790i 57, 730

3,21713, 8241. 6444

553.1

602.1324.7

i 126. 7i 302. 1

1,041.9169.3

1, 368. 39.3

167.71 100. 5

.1460

3, 976. 1835.0

350.278.7

408.5

.2872

1 9, 941. 91 7, 386. 23, 688. 61, 506. 7

4,387

1, 705. 81, 765. 11, 521. 2

243.9475.0

394.2132.1

348.9222.0

2, 048. 9348.5187.9

2 «. 583

2,5132,313

751

578.7590.4

357.11, 339. 1

179.4

97.7188.4

67.9.1562

4,66750, 554

1 20, 1053,085

r i 73,829' i 53,027

4,966'11,3181. 7414

546.8

525.8270.4

118.4226.8

886.774.4

1, 164. 6.3

127.388.2

.1532

341.471.0

31.97.0

41.5

.2900

871.8653.5327.2134.6

3,942

152.1148.2128.220.043. 1

32.79.8

33.026.2

188.5183.8118.6

.602

51.346.8

36.7115.9

155.1

53.2165.7

72.3.1650

3844,5431,855

3306,5054,560

9111,8101.8054

45.6

43.725.0

10.318.6

77.06.8

99.1(3)

134.977.3

.1550

326.873.0

30.47.0

41.1

.2900

883.6661.1338.9135.9

3,932

148.5140.9117.623.341.5

32.110.6

22.217.1

180.8175.6121.9

.602

703637200

47.450.3

23.8114.0

146.9

63.1172.0

67.1. 1650

1,0656,1341,255

2506,5804,780

9212, 8651. 7023

46.4

42.916.4

9.019.4

70.76.1

102.2(3)

132.083.4

.1550

339.371.0

31.86.2

35.2

.2900

758.3592.1296.7114.4

4,040

137.0148.3130.418.041.1

35.210.1

25.215.0

123.2230.3173.4

.601

46.345.4

30.199.9

151.7

78.9175.9

75.5.1568

03,3981,385

2255,8854,425

67311, 3301. 6477

47.0

44.220.7

8.218.4

71.75.3

90.9(3)

125.784.8

.1550

330.965.0

21.75.3

14.1

.2900

786.1605.5309.8118.1

4,101

144.6138.7119.319.434.6

30.511.0

27.817.5

166.9225.8170.9

.601

48.048.4

25.4108.8

152.8

87.1174.8

74.0.1510

1,6331,7231,600

2255,6354,100

10210, 7001. 7451

46.4

56.916.0

11.518.0

65.36.6

100.4(3)

117.281.5

. 1533

323.068.0

20.05.6

26.9

.2900

824.5637.9334.7117.4

4,102

139.5130.5114.216.335.9

45.518.8

24.813.6

177.6227.0166.3

.601

551551166

48.648.2

31.4111.8

162.2

86.2178.8

73.4.1452

5915,6931,730

2156,2404,565

8311, 7051. 7474

43.5

42.119.4

10.718.2

68.87.0

100.5(3)

112.879.0

.1500

334.668.0

23.75.2

26.9

.2900

808.9614.6298.0114.3

4,144

148.6149.3127.322.037.3

36.013.6

35.217.4

164.4248.7168.5

.590

46.553.5

35.1113.5

179.0

90.5178.8

67.2.1450

4873,1141,770

2505,8604,440

1,23311, 9651. 7365

43.2

31.532.1

8.819.0

66.77.8

97.8(3)

113.681.8

.1500

327.060.0

21.15.5

15.9

.2900

713.4541.1260.299.7

4,279

138.7143.0122.820.235.1

37.113.4

32.515.6

153.3306.9171.3

.561

48.549.6

23.5102.3

178.2

93.2183.1

68.3.1450

03,8101,580

2755,5154,110

23311, 6901. 7225

43.4

33.018.9

9.118.9

65.26.4

88.8(3)

118.679.0

.1500

345.270.0

28.15.4

28.0

.2900

812.8584.4297.2121.3

4,387

139.1170.2144.825.439.2

35.09.5

33.018.2

150.8348.5187.9

.531

551T 542

171

45.352.3

27.5113.2

179.4

97.7188.4

67.9.1414

5075,5231,610

2755,6904,315

796r 11,3181. 6385

43.4

45.530.9

7.619.0

70.95.1

93.6.1

127.388.2

.1500

331.962.0

34.36.1

15.8

.2900

770.6584.6292.2121.3

4,469

137.8148.5129.918.637.0

27.212.1

34.622.9

149.4373.3200.0

.5152

45.346.4

34.1113.6

179.5

98.56 113. 1

67.6.1350

03,6591,590

2055,8304,500

7410, 0001. 6164

41.6

37.417.9

8.018.7

71.66.9

96.44.8

128.380.0

s.1500 '

304.367.0

29.15.0

14.3

.2900

775.4578.5280.1128.0

4,496

129.6142.3124.318.131.0

32.78.6

27.618.7

166.3385.8211.3

.5035

41.948.1

22.1109.6

177.6

96.2116.5

65.3.1350

01,6351,595

2855,6604,160

3058,970

1. 6286

40.7

33.314.5

8.918.5

69.25.6

99.32.2

119.880.4

«. 1500

338.878.0

44.76.0

11.0

.2900

' 954. 5' 748. 6«• 397. 3r 145. 4

r 4, 477

143.1170.5144.825.733.9

26.19.9

38.626.3

187.6380.6' 216. 3

.5055

647564174

52.747.0

21.7119.5

186.3

88.8120.2

65.7.1350

04,7031,765

2806,3554,715

5708,155

1. 6701

••43.7

37.529.1

8.619.9

74.27.4

111.51.7

99.4'89.7«. 1507

327.1

95.76.4

11.3

.2900

1,071.8774.2415. 6134.9

4,435

' 141. 3160.0141.618.428.8

26.411.6

37.023.7

v 192. 0'"365. 3'P234. 1

.5283

47.850.8

21.2117.4

190.3

84.7121.8

65.8.1350

104,4781,805

2556,3054,710

1388,495

1. 6888

41.4

32.922.7

10.819.2

75.86.8

116.71.1

84.399.0

«. 1550

63.47.58.0

.2900

146.0151.6137.713.734.7

21.97.4

32.923.9

v 205. 7* 334. 3v 223. 9

.5284

24.3

.1350

4305,900

6,1754,615

1259,510

1. 6602

25.821.2

1.3

80.7

». 1578

.2900

.5284

.1345

1. 6448

68.5

«. 1600r Revised. v Preliminary. 1 Annual data; monthly revisions are not available.3 Average for Feb.-Dec. 3 Less than 50 tons. 4 Beginning Feb. 1970, the new METALS

WEEK price (based on mine production rates and known selling prices of U.S. producersonly) is not comparable with prices for earlier months. s See note rf1, bottom of p. S-32.

• See note 1, p. S-32. § Revised monthly data (1968-69) are available.ARevised data (1966-68) are in the Apr. 1970 SURVEY. *New series. Source, U.S. Dept.

of Commerce; monthly data back to Jan. 1967 are available.

tPrices shown are averages of delivered prices; average differential between the deliveredand the refinery price is 0.400 cents per Ib. through 1969, 0.500 cents for period Jan. 1970-Apr.1971, and 0.00625 cents thereafter.

(^Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-basescrap. See note "1," p. S-32.

©Producers' stocks elsewhere, end of June 1971, 18,700 tons.




1969 1970

Annual

1970


1971



HEATING EQUIPMENT, EXC. ELECTRIC

Radiators and con vectors, shipments:Cast iron mil so ft radiation

Oil burners:Shipments thousStocks end of period do

Ranges, gas, domestic cooking (incl. free-standing,set-in, high-oven ranges, and built-in ovenbroilers) shipments " thous

Top burner sections (4-burner equiv ) ship do

Stoves domestic heating shipments total doGas do

Warm-air furnaces (forced-air and gravity air-flow),shipments total thous

Gas doWaiter heaters gas shipments do

MACHINERY AND EQUIPMENT

Foundry equipment (new), new orders, netmo avg shipments 1967—100

Furnaces (industrial) and ovens, etc., new orders

TT1 t f r P dnFuel-fired furnaces (exc hot rolling steel) do

Material handling equipment (industrial) :Orders (new) index seas adit 1967—100

Industrial trucks (electric), shipments:Hand (motorized) numberRider-type do

Industrial trucks and tractors (internal combustionengines) shipments number

Machine tools:Metal cutting type tools:

Orders new (net) total mil $Domestic do

Shipments total doDomestic - do

Order backlog end of period do

Metal forming type tools:Orders, new (net), total do__

Domestic doShipments, total do

Domestic doOrder backlog, end of period do

Other machinery and equip., qtrly. shipments:Tractors used in construction:

Tracklayirig, total mil $Wheel (contractors' off-highway) doTractor shovel loaders (integral units only),

wheel and tracklaying types mil $Tractors, wheel (excl. garden and contractors'

off-highway types) mil. $Farm machines and equipment (selected types),

excl. tractors -_ mil. $

ELECTRICAL EQUIPMENT

Batteries (auto, replacement), shipments^ thousHousehold electrical appliances:

Ranges, incl. built-ins, shipments (manufac-turers'), domestic and export thous

Refrigerators and home freezers, output1957-59=100

Vacuum cleaners, sales billed thous .,

Washers, sales (dom and export) d"1 doDryers (gas and electric), sales (domestic and

export)— thous

Radio sets, production© _ doTelevision sets (incl. combination), prod.O-.do

Electron tubes and semiconductors (excl. receiving,power, and spec, purpose tubes) , sales _ - mil. $

Motors and generators:New orders, index, qtrly A 1967—100

J7. 078.5

i 523. 8H2.2

1 2,324.5198.7

1 1,494.811,043.2

U, 868.6il,546.62, 784. 6

109.4

113. 116.458.3

124.8

14, 57914, 903

50, 446

1, 195. 301, 032. 651, 192. 451, 077. 45

812.4

533. 45484. 35405. 10369. 30382.8

i 475. 6179 1

610 2

878.6

1, 151. 6

35, 510

2,342. 3

181.07, 133. 7

4 378 5

3, 022. 5

20, 54911, 270

770.7

106

647.0

2 2, 156. 72 146. 3

1, 286. 9887.4

1, 904. 41, 481. 02, 789. 0

155.61 88.5

1 8.1*43.9

103.3

13, 81614, 811

41, 194

651. 30506. 75992. 90827. 35470.7

261. 25226. 60450. 15411. 60234.8

482.08 158. 6r 585. 2

857.1

1, 178. 7

37,863

2, 361. 6

195.87, 381 . 7

4, 093. 3

2, 980. 9

16, 4069,483

643.1

98

.24.1

36.6

174.013 1

79 652.0

128.9105.8232.5

230.1

104.3

1,5291,237

3,636

52.7541.6097.1082.55095.9

16.2515 2046.1043 40339.3

1,955

200.2

221.4531.7

321 6

173.6

1,292531

53.2

46 6

227 614 1

89 265 5

148 2119.9264 8

92 4

22 52 7

12 3

97.3

1,2731,377

3,855

61.8544.05

100.6084.50657.1

14.4012.8541.2036.20312.5

125.351. 5

153.1

230.8

304.8

2,298

221 6

227.4589.2

382 9

203 44 1, 651

4 823

56.4

101

.33.9

47.7

172.411 2

125 092 0

158 6125.1234 7

76.0

106.3

1,1251,433

3,533

62.7047.7074.9061.30644.9

14.7512 3038.7536 25288.5

2,949

238.4

238.3513.3

337.7

198.5

975534

46.9

3

64.8

201.910.6

147.1109.8

162.7121.5235 7

58.4

101.6

688846

2,346

34.2023.4562.1547.75616.9

12.508.95

30.4028 15270.6

3,056

193.7

152.1667.9

356 4

278.7

1,480779

49.3

.4

77.0

236.114.9

157.6112.7

203.0150.0226 7

132.3

23 11 8

15 0

99.1

1,0931,183

3,685

44.1535.7583.3567.00577.7

23.8522.2531.4028.90263.1

121.745 7

139 5

178.2

284.6

4,306

225.5

202.7758.0

387 6

335.94 1, 5854 1, 054

56.3

98

.4

87.3

217.113.8

201.4146.8

215.5160.7254.4

319.6

110.5

1,3181,019

3,114

36.7028 6570.9560.40543.4

38.3536.2535.2533.15266.2

4,017

225.9

226.4722.5

399.6

359.3

1,285965

47.0

.4

62.9

185.713.6

127.395.9

186.4132.5200.1

16.3

121.2

1,0631,194

2 873

29.0021.0055 8045.70516.6

9.858 80

35.3530 75240.7

3,928

203.3

175 7650.2

348 5

288. 1

1 119945

42.7

49.3

72.644.1

161.6120.1201.8

99.0

12 5.8

5.8

88.5

1,0541,265

3,112

39.7026.9585.6067.50470.7

29.7519 1035.7032 15234.8

101.70 24 8

T 130 2

199.7

255.7

3,865

174 8

132.8541.0

289 1

243.34 1 458

4 962

46.4

90

129 8

93 9

973972

3 637

36.7527.3057.6543.50449.8

17.4515 9031.1529 00221.1

3 480

170 0

172.9546 0

351 2

273 6

1,449719

41.6

118.9

103.1

8901,044

3,485

39 0031 7059 4047 65429 4

20 1016 9531 5028 30209 7

2 892

178 8

199 9698 7

328 8

216 4

1 428811

40.8

82.4

*24. 7J > 5 6.9p « 2 . 1

95.8

1,1611,470

4,890

43 0036.5064 8551.75407 6

25 2522 6530 2528 30204 7

150 2a 35 9

172 8

214 5

2 516

224 4

237 5653. 1

369 8

250 7

4 1 8644 1, 016

44.4

86

102.7

79.6

1,1791,299

4,233

42.3036.6071.7560.15378.2

13.3012 6026.2524 75191.8

3 47.1

372.8

»• 1, 943

212.0

247.2655.8

303.4

182.4

1,498867

42.5

54 9

9841,120

3 605

45.3541.1052.8544.45370.7

25.4524 0527.5523 05189.7

3 45.7

371.0

2 274

212 3

229 2535.5

304 4

177 4

1 487889

41.1

4 1, 6904 1, 114

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production thous. sh. tons..Exports doPrice, wholesale, chestnut, f.o.b. car at mine

$ per sh. ton..Bituminous:

Production thous. sh. tons

10, 473627

15. 100

560. 505

i 9, 481789

16. 565

596. 485

76651

15. 758

48. 630

81143

15. 758

49. 380

710110

15. 954

39. 365

90179

15. 954

52. 445

858135

16. 640

53. 745

872100

16. 993

55. 265

79478

18. 169

50. 635

79080

18. 169

52. 455

72217

18. 365

50.100

65216

18. 365

46.900

77769

18. 365

56. 755

79375

18. 365

55. 575

'77992

17. 581

50. 640

772

16. 856

52.835T Revised. *> Preliminary. 1 Annual data; monthly revisions are not available.2 Total for 11 months. 3 For month shown. 4 Data cover 5 weeks; other periods,

4 weeks. » Effective 1st qtr. 1971, includes data for ovens; not comparable with earlier datawhich cover furnaces only. « Excludes figures for rubber-tired dozers (included for otherperiods).

c? Re vised to exclude combination washer-dryers. JRevised series. Data reflect adjust-ment to 1967 Census of Manufactures; monthly revisions (1957-69) are available.

ORadio production comprises table, portable battery, auto, and clock models; televisionsets cover monochrome and color units. AShifted to 1967 base; 1st quarter 1969-lst quarter1970:102; 115; 104; 103; 105. fSee corresponding note, p. S-35.




1969 1970

Annual

1970


1971


PETROLEUM, COAL, AND PRODUCTS—Continued

COAL — Continued

Bituminous — ContinuedIndustrial consumption and retail deliveries,

total9 thous. sh. tons..Electric power utilities doMfg. and mining industries, total do

Coke plants (oven and beehive) do

Retail deliveries to other consumers do

Stocks, industrial and retail dealers', end of period,total thous. sh. tons..

Electric power utilities doMfg and mining industries total do

Oven-coke plants do

Retail dealers do

Exports doPrices, wholesale:

Screenings, indust. use, f.o.b. mine$ persh. ton..

Domestic, large sizes, f.o.b. mine do. ..

COKEProduction:

Beehive thous. sh. tons..Oven (byproduct) doPetroleum coke§ do

Stocks, end of period:Oven-coke plants, total do

At furnace plants doAt merchant plants do.

Petroleum coke doExports do

PETROLEUM AND PRODUCTS

Crude petroleum:Oil wells completed numberPrice at wells (Oklahoma) $ per bbl._Runs to stills mil bblRefinery operating ratio % of capacity

All oils, supply, demand, and stocks:New supply, totaled .mil. bbl_.

Production:Crude petroleum doNatural-gas plant liquids do

Imports:Crude and unfinished oils doRefined products do

Change in stocks, all oils (decrease — ) do

Demand, total doExports:

Crude petroleum doRefined products do

Domestic demand, total 9 doGasoline doKerosene do

Distillate fuel oil doResidual fuel oil doJet fuel do

Lubricants. __. doAsphalt doLiquefied gases do

Stocks, end of period, total . doCrude petroleum doUnfinished oils, natural gasoline etc doRefined products do

Refined petroleum products:Gasoline (incl. aviation):

Production doExports doStocks, end of period do

Prices (excl. aviation):Wholesale, ref. (Okla., group 3).._.$ per gal-Retail (regular grade, excl. taxes), 55 cities

(1st of following mo ) $ per galAviation gasoline:

Production mil. bblExports.. doStocks, end of period do

Kerosene:Production doStocks, end of period doPrice, wholesale, bulk lots (N. Y. Harbor)

$ per gal..r Revised. c Corrected.1 Less than 50 thousand barrels. 2 Reflects revisd" Includes small amounts of "other hydrocarboi

shown separately.9 Includes data not shown separately.§ Includes nonmarketable catalyst coke.

507, 275308, 461185, 83592, 901

12, 666

80, 48260, 59719 7018,962

184

56, 234

6.0527.487

71064,01420, 574

3,1203,020

991,0401,629

214,3683.18

3, 879. 692

5,111.8

3,371.8584.5

552.9602.7

-17.4

5, 126. 6

1 483.4

5,041.82, 042. 5

100.4

900.3721.9361.7

48.8143.3445.6

980.1265.2103.5611.4

2,028.22.4

217.4

.116

.239

26.51.76.2

102.926.8

.111

ons not ais and h

520, 815320, 461189, 70397, 487

10, 353

71, 285

8,924

70, 908

7,6419,647

81465, 65421, 074

4,1134,018

951.0592,514

2 13, 0203.23

3, 967. 591

5,382. 4

3, 515. 5619.5

522.6724.8

37.7

5, 337. 5

5 089^3

5, 243. 32, 131. 2

96.0

927.2804.3350.9

49.7153.5454.7

1, 017. 9276.4106.0635.5

2, 105. 31.4

214.3

.119

.246

19.7.9

5.1

95.727.8

.118

vailable bpdrogen r

40, 46124, 11815, 8538,626

450

55, 619

9,093

6,059

7.8198.950

595,9661,728

3,1213, 063

58966195

1,0473.21

324.087

436.3

295.251.8

40.748.5

28.1

407.1

7.8399.3183.6

5.0

60.351.327.7

4.014.329.0

951.6284.8115.0551.8

172.5.1

226.4

.133

.249

1.6.1

5.1

7.022.9

.118

y monthefinery i

41, 14225, 62515, 0588,315

420

57, 383

9,235

7,210

8.2249.193

725, 7491,929

2,9542,907

47966149

1,1423.21

326.290

430.9

280.751.0

44.155.1

16.3

415.0

.37.5

407.3187.4

4.3

52.658.228.1

4.718.829.8

967.9279.9115.5572.5

173.8.1

214.9

.115

.256

1.3.1

4.7

7.426.3

.120

s.nput," r

44,23327, 52216, 2417.956

430

54, 825

6,517

6,269

8,2809.521

695,4421,929

3,0062,952

541,038

244

1,1293.21

335.590

436.4

284.951.9

42.057.6

3.1

431.3

.18.3

422.9195.2

5.0

50.359.231.2

4.221.331.9

971.0266.9113.8590.4

180.6.2

201.9

.120

.238

2.0.1

5.1

6.327.7

.122

lot

43,44028, 45814, 3857.928

560

55. 654

6.719

5,532

8.4249.736

655,3681,818

2,9632,914

491,051

268

9123.21

341.792

441.9

296.252.4

39.054.3

11.8

427.2

0)6.4

420.8190.4

4.8

52.961.230.8

4.020.632.2

982.8254.1113.1615.6

183.0.1

196.4

.123

.230

1.90)4.7

6.529.6

.122

NOT(expanInstitucovereare in 1

41, 71326, 42414, 3867, 917

866

59, 685

7,112

6,520

8.858c 10.057

Q,

665.4251,799

3,0573,019

371,094

286

1,2343.21

330.392

440.9

295.550.5

43.351.6

27.0

414.2

08.1

406.0179.8

5.5

58.650.731.1

4.318.833.2

1, 009. 8259.2106.9643.7

180.8.1

199.3

.120

.246

1.9.1

4.7

6.230.3

.122

PE FOIded to ccte) is bai by thehe Apr.

42, 46525, 25416, 0578,317

1,117

66, 087

8,180

7,267

9.74710. 921

615,6801,755

3,4333,388

461,081

288

9863.21

336.690

461.2

310.553.0

39.558.1

15.6

443.7

2.07.7

434.1184.7

7.5

69.958.930.0

4.515.939.6

1, 025. 4265.5107.6652.3

177.7.1

194.5

.118

.237

1.6.1

4.6

8.231.0

.122

I MAT Iver newised on <combin

1971 SUR

43,81326, 45316, 2458,068

1,088

69, 681

8,674

5,633

9.74711. 533

685, 5371,743

3,7773,691

861,036

269

8823.21

330.692

451.4

301.152.9

40.656.9

17.9

433.5

1.66.3

425.6168.4

8.7

78.661.728.7

4.110.643.9

1, 043. 3271.3109.0663.0

175.6.1

204.0

.118

.265

1.8

5.0

9.231.5

.122

:RIALorders re?ompositation ofVEY, p. £

48, 03629, 48117, 4368,296

1,109

71, 285

8,924

6,725

9.74711. 533

685,6721,845

4,1134,018

951,059

220

1,4543.41

346.793

482.1

308.154.8

53.066.3

-25.5

505.0

.78.4

495.8182.012.3

110. 080.430.5

4.07.8

47.6

1, 017. 9276.4106.0635.5

190.2.1

214.3

.130

.256

1.7.1

5.1

8.527.8

.119

HAND!ported be figures8 mated5-35.

49, 19930, 80417, 3958,239

1,000

68, 643

8,489

4,250

9.74711. 658

595,6471,803

4,2414,149

921,089

171

8463.41

344.993

' 463. 5

301.5'52.7

37.871.5

-37.4

' 503. 9

06.1

' 497. 7164.613.4

125.385.128.8

3.64.8

'51.5

980.4269.8101.2609.4

185.2.1

237.0

.130

.254

1.4.1

4.9

9.523.9

.123

,ING I?y memberepresen

al handli

43, 69827, 12715, 7337,393

838

67,001

8,237

4,302

9.31611. 658

605,0541,652

4,0543,994

601,127

142

8963.41

' 312. 393

' 422. 1

274.4M8.5

40.258.9

-36.6

' 456. 7

0)6.7

' 449. 9154.612.7

107.673.729.8

3.74.9

'43.7

943.8266.997.2

579.8

167.0.3

250.5

.125

.241

1.7.2

5.2

8.419.7

.123

JDEX>rs of Hoting 819ng assoc

45, 50828, 04016, 8498,380

619

69, 982

8,966

4,261

9.31611. 658

785,7521,853

3,8423,803

391,170

199

1,2273.41

345.193

' 482. 0

' 305. 052.8

45.978.3

-9.4c 489. 6

0)7.7

e 481. 8182.6

8.8

99.687.430.6

4.18.1

38.2

934.4267.296.8

570.4

180.8.1

250.6

.113

.238

1.4.1

4.9

8.319.2

.121

fo. S-34)ist Mfrs.'o of thatations. I

5,004

9.81011. 200

665,621

3,5993,560

39

125

8803.41

336.2

452.2

295.151.3

48.557.4

-11.3

442.2

.38.0

433.9187.6

6.3

79.264.928.8

4.510.431.3

945.7271.4105.4568.8

.2235.0

.110

.234

.14.6

19.5

.127

: t RevisInstitute

portionMonthly

6,139

9,71911. 200

95

9693.41

.125

.248

9.71911. 200

3.41

.120

. 127 . 127ed series. Indexand Rack Mfrs.of the business

data for 1968-69




1969 1970

Annual

1970


1971


PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— ContinuedDistillate fuel oil:

Production mil. bblImports - -- doExports doStocks end of period doPrice, wholesale (N.Y. Harbor, No. 2 fuel)

$ per gal._Residual fuel oil:

Production mil. bblImports doExports doStocks end of period doPrice, wholesale (Okla., No. 6) ._$ ; per bbl__

Jet fuelProduction mil. bblStocks end of period -do

Lubricants:Production doExports doStocks end of period doPrice, 'wholesale, bright stock (midcontinent,

f.o.b. Tulsa) $ per gal

Asphalt:Production mil bblStocks end of period do

Liquefied gases (incl. ethane and ethylene):Production total mil bbl

At gas processing plants (L P G ) doAt refineries (L R G ) do

Stocks (at plants and refineries) do

Asphalt and tar products, shipments:Asphalt roofing total thous souares

Roll roofing and cap sheet doShingles, all types do

Asphalt siding doInsulated siding doSaturated felts thous. sh. tons._

848.450.91.1

171.7

.101

265.9461.616.958.41.48

321.728.1

65.116.414.1

.270

135.716.8

502.0378.5123.559.6

84, 43034, 70749, 723

364346920

897. 153.9

.9195.3

.108

257.5557.819.854.02.25

301.927.6

66.216.014.7

.270

146.715.8

532. 9406.9126.067.0

' 82, 78534, 670

' 48, 115

251334836

70.83.4.1

115.8

.108

17.736.81.8

44.72.00

23.729.4

5.61.3

14.1

.270

13.024.9

44.934.110.854.6

7,8952,9244,970

203175

72.31.9

(2)137.5

.110

17.043.61.3

46.02.00

24.930.9

5.31.2

13.6

.270

14.521.3

43.633.010.663.2

8,5043,3775,127

233978

73.52.8.2

163.5

.112

17.744.71.7

47.92.40

26.930.0

5.51.7

13.3

.270

16.117.3

44.633.311.270.0

8,7923,5625,230

293984

74.82.8

(2)188.2

.112

20.741.71.2

48.12.60

26.630.6

5.71.2

13.7

.270

16.514.0

43.833.410.576.4

8,3843,5114,874

213582

73.42.8.1

205.7

.112

19.939.12.8

54.02.60

25.930.2

5.61.1

14.0

.270

15.611.6

43.032.910.180.6

8,4523,4864,966

183775

76.74.0.1

216.4

.112

20.042.91.2

57.12.60

26.030.8

5.61.5

13.6

.270

15.011.1

45.235.110.179.8

8,6993,5335,166

213478

75.35.1

(2)218.1

.112

22.241.81.0

58.82.60

24.630.1

5.81.1

14.2

.270

12.313.2

45.335.210.174.6

7,4503,1674,283

173068

80.56.7.1

195.3

.109

28.949.02.6

54.02.60

24.527.6

5.91.4

14.7

.270

10.115.8

47.436.810.567.0

6,2912,8243,467

212466

80.98.1.3

158.7

.113

31.353.8

.553.92.60

25.927.6

5.31.2

15.2

.270

8.219.7

'45.3'34.9

10.454.7

5,3002,2473,052

182157

72.35.5.2

128.7

.113

27.142.61.4

48.92.35

23.727.0

4.91.3

15.2

.270

7.722.7

'42.4'32.4

10.148.0

8,1373,248

' 4, 889

212381

78.06.1.4

112.9

.111

26.562.51.5

49.42.35

26.327.1

5.81.4

15.5

.270

10.125.5

46.535.111.4

'51.0

6,4262,6533,773

162573

3.4.2

113.7

.117

45.31.7

50.62.35

27.2

1.5

.270

27.7

60.3

' 6, 314' 2, 354' 3, 960

2135

'69

.117

2. 35

.270

8,0862,6715,415

183476

.117

2.35

.270

PULP, PAPER, AND PAPER PRODUCTS

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts thous. cords (128 cu. f t . ) _ _Consumption doStocks, end of period do

Waste paper:Consumption thous. sh. tons-.Stocks, end of period do

WOODPULPProduction:

Total, all grades thous. sh. tonsDissolving and special alpha doSulfate doSulfite do

Groundwood doDefibrated or exploded doSoda, semichem. screenings etc do

Stocks, end of period:Total, all mills do

Pulp mills doPaper and board mills doNonpaper mills do

Exports, all grades, total doDissolving and special alpha doAll other do

Imports, all grades, total doDissolving and special alpha do ..All other do

PAPER AND PAPER PRODUCTS

Paper and board:Production (Bu. of the Census):

All grades, total, unadjusted. _. thous. sh. tonsPapier doPaperboard HOWet-machine board doConstruction paper and board do

New orders (American Paper Institute):All grades, paper and board . . do

Wholesale price indexes:Book paper, A grade 1967=100Paperboard doBuilding paper and board do

i 65, 053i 65, 017

4,788

i 10, 222608

43, 4161,676

29, 2212,308

4,4371,8753,898

79623046999

i 2, 1031744

11,359

14,0401298

1 3, 743

54, 05823, 50526, 022

1484,384

53, 754

104.599.4

105.7

65, 20964, 5715,873

10, 590571

41, 8051,716

28, 3202,308

4,3581,5943,508

86138640569

»3,755!869

1 2, 886

135381273

13,265

52, 21022, 97524, 943

1584,135

109.5101.1101.2

5,4495,5484,745

832552

3,624160

2,447203

374134305

86834845071

24350

193

29623

273

4,4691,9442,160

12353

108.4101.8101.5

5,5915,4784,892

854556

3,475120

2,371203

357133291

86734045968

26996

173

30915

293

4,3801,8982,106

15361

108.4100.5101.5

5,5315,2515,193

743591

3,352140

2,268181

359134269

919359490

70

27365

208

29213

280

4,1241,7901,956

12366

108.4100.5101.4

5,5655,4395,417

829564

3,547144

2,409194

378135286

904376460

67

32580

245

27021

249

4,3301,8822,074

14360

108.4100.5101.3

5,5375,1475,813

832571

3,304128

2,246177

348131275

82132642768

24752

195

25630

226

4,0921,7621,959

16356

108.4100.9101.0

5,6455,6705,912

868571

3,656155

2,475197

378141310

872401405

66

95486

868

27727

250

4,5842,0142,169

16385

112.1102.3100.9

5,1125,3405,716

801562

3,496146

2,367187

363133300

88542039668

24470

174

28924

265

4,2651,8642,054

14333

112.199.5

100.9

5,0384,9425,873

762571

3,201143

2,107176

361130284

861386405

69

31877

241

29727

270

3,9791,7901,851

13325

112.199.5

100.3

5,0735,4875,589

814528

3,600146

2,408225

380141300

91346238369

18762

124

26330

233

4,5212,0052,149

14353

112.099.3

100.1

4,9845,2075,406

780507

3,347139

2,240172

361138296

93049037267

18059

122

24825

223

4,2531,8652,018

14356

112.0101.3100.4

5,3185,4845,249

908509

' 3, 696159

' 2, 503168

401143321

'97450838878

23688

148

34130

311

4,6862,0292,238

17403

112.0102.5101.4

5,4505,4155,258

867520

3,699158

2,416172

359285308

1,044558

'40185

19474

120

31021

290

4,5261,9482,164

16398

112.0103.0101.7

17257

115

28732

255

112.0102.6102.7

112.0102.8103.2

'Revised. * Preliminary. c Corrected. * Reported annual total; revisions not allocated to the months,barrels.

2 Less than 50 thousand


July ion SURVEY OF CURRENT BUSINESS S-37


1969 1970

Annual

1970


1971


PULP, PAPER, AND PAPER PRODUCTS— Continued

PAPER AND PAPER PRODUCTS— Con.

Selected types of paper (API):*Groundwood paper, uncoated:

Orders new thous. sh. tonsOrders unfilled end of period ..doShipments -- do

Coated paper:Orders new - doOrders, unfilled, end of period doShipments do

Book paper, uncoated:Orders new -- doShipments - -do .

Writing and related papers:Orders new - doShipments do

Unbleached kraft packaging and industrial con-verting papers:

Orders new doOrders' unfilled end of period. doShipments - -- do

Tissue paper production _ do_-

Newsprint:Canada:

Production - - - doShipments from mills --do _ _ _Stocks at mills end of period do

United States:Production doShipments from mills . _ d o _ _ _Stocks at mills, end of period do

Consumption by publishersd71 doStocks at and in transit to publishers, end of

period thous. sh. tons

Imports doPrice, rolls, contract, f.o.b. mill, freight allowed

or delivered -. _ _ _ _ $ per sh. ton__

Paperboard (American Paper Institute):Orders, new (weekly avg.) thous. sh. tons_.Orders, unfilled § - doProduction, total (weekly avg.) do

Paper products:Shipping containers, corrugated and solid fiber,

shipments mil sq ft surf area

Folding paper boxes* thous. sh. tonsmi l$__

1,171107

1,123

3,230200

3,313

2,5152,588

2,9522,898

3,922189

3,8663,602

8,7588,741

220

3,2323,233

27

7,344

699

6,790

146. 10

479939507

185,760

2, 627. 01, 229. 0

1,17181

' 1, 165

3,148182

3,237

2,5002,572

2,7752,820

3,764110

3,7393,671

8,6078,592

236

3,3103,303

33

7,130

749

6,635

150. 50

349742489

184,425

2, 490. 01, 225. 0

104115'95

258221272

208214

236240

314110309320

715716451

29027765

643

654

535

150. 50

512749516

15,046

199.498.3

9494

'101

264224269

209214

227227

297121294310

671734388

28928569

582

683

541

150. 50

493691489

15,072

209.2104.2

117117^ 9 4

260227263

217209

208218

280115281303

698673412

27226675

544

693

539

150. 50

451723444

15,888

202.1100.2

8681

105

258213269

208211

226228

303127299326

694670436

28927787

559

712

484

150. 50

492711490

15,370

202.8101. 3

9381

'98

244200267

203209

231231

314142315278

649683402

243258

72

581

708

544

150. 50

467732469

16,488

210.2103.9

9171

'104

270209270

221225

245246

322131318318

760800362

29229569

626

717

565

150. 50

490748497

17,153

227.0112.5

947998

250204260

205212

219222

310126308298

766802326

28328765

645

682

554

150. 50

492729501

14,490

190.194,4

9981

'97

218182257

194197

226223

290110289281

712802236

26729833

608

749

700

150. 50

349742442

11,290

206.8101.8

'87'76'93

'262'228'258

'225'206

'224'231'307

'119'305

324

695629303

29426266

544

745

537

153. 70

454644488

14, 347

196.598.7

'79'74'74

'242'228'251

'221'203

'231'227'296

'118'294

307

662583382

26624488

528

731

440

153. 70

515719506

14, 211

190.096.5

'108'88

'102

'291'236'291

'275'244

'261'263'343

'134'334'341

711683410

28930967

597

753

570

153. 70

518758514

14,283

' 206. 4' 105. 9

10510596

271257268

244232

249253295

121298307

670692388

27025780

600

741

617

158. 10

523801515

14, 466

' 194. 8'99.9

665666387

285265100

627

672

570

158. 10

527867513

15, 140

198.0100.5

158. 10

509830514

14,617

RUBBER AND RUBBER PRODUCTS

RUBBER

Natural rubber:Consumption thous Ig tonsStocks, end of period - doImports, incl. latex and guayule ..do

Price, wholesale, smoked sheets (N.Y.)__$ per lb..

Synthetic rubber:Production... thous. Ig. tonsConsumption. _. doStocks, end of period do

Exports (Bu. of Census) do

Reclaimed rubber:Production _ _ doConsumption doStocks, end of period _ _ do

TIRES AND TUBES

Pneumatic casings, automotive:Production thous .

Shipments, total. .- doOriginal equipment... _ . doReplacement equipment ._ _ doExports. _ do

Stocks , end of period doExports (Bu. of Census) ... _ do

Inner tubes, automotive:Production. doShipments... . . . doStocks, end of period __ _ . doExports (Bu. of Census) do

° 598. 27106. 49585. 28

.262

"2,250.19"2,024.060 441 03

226. 49

a 238 920 231 77

29 27

207, 826

204 83555, 632

146, 7852 419

49 1522,364

41 65744 86011 1911,098

' 559. 32' 102. 60

549. 92

.218

'2,197.00'1.917.85' 514. 78

1 290. 06

' 200. 56;' 199. 57' 27. 58

190, 403

194, 54146, 135

146, 5081,898

50 1751,531

35 687i 41 005

9 7181,002

' 37. 8198.3142.10

.218

' 182.42' 131.80457 52

25.25

' 13 28' 14 30

27.87

12, 642

18 2864 912

13, 201173

49 670119

2 0603 0249 680

85

' 45. 7689.6941.64

.216

r 179. 78T 158.77' 455.51

27.25

' 15. 49' 16 10

26 63

15, 658

20 8625 628

15, 077156

45 196'l33

2 7653' 6789 111

85

' 44. 4492.3637.78

.200

' 181.49' 152.91

464.65

23.24

' 17. 58' 16 18

26.62

15, 466

15 3672 346

12, 906114

45 978107

3 1273 3909 252

99

' 45. 0394.7333.73

.195

r 187.26T 154.90479. 43

23.28

' 16. 47' 15 39

26.88

14, 657

15, 2283 296

11,813119

45 758125

2 6543 2068 934

71

' 48. 2996.6946.60

.191

' 182.93' 160.41481. 79

22 06

' 14 46' 16 42

26.28

15, 885

16 6993,643

12, 888167

45 328116

3 0813 4368 905

60

' 46 6892 3646.74

.183

r 184.97r 163.88' 488 29

24 12

' 16 02' 17 27

24 52

15, 938

15 7402 995

12 576169

45 586178

3 4633 5709 133

115

r 41 4693.6446 88

.184

' 179.37' 144 41499 30

24 52

r 15 4g' 14 88

24 90

14 560

19 3332 5279 624

182

48 111145

2 8622 6479 704

109

' 43 19' 102.60

48.90

.193

' 181.10' 149.58' 514 78

26 21

18 40' 16 10' 27 58

15, 079

13 1604 0468,964

150

50 17597

2 7582 9889 718

46

46 2191 3645 23

.184

183 62165 24526 31

19.82

16.4315.7925.87

16, 557

14, 1814,7349,297

150

52 56193

3 0553 4589 447

130

48 2892 8944.67

.180

166 47161 52517 13

23 29

17 0416 4026 53

17, 429

14 1844 8979 132

155

56 09395

3 0973 1809 626

46

54 43102. 6541. 15

.183

181.79185 45497 56

27 28

19 4719 1926 57

19, 435

18 3715 445

12 674252

57 280'283

3 3753 4279 736

85

r 49 74* 98 59

42.77

.194

184 12T 171 78T 491 19

24 41

17 8817 1927 12

17, 752

21 3624 840

16 329193

54 089167

2 9413 2709 683

124

49 68106 0049 77

.200

193 49171 39501 72

25 91

16 5916 4026 16

161

72

178

r Revised. r Preliminary. 1 Annual total includes revisions not distributed to themonths.

tData have been regrouped by the American Paper Institute; details and available earlierdata appear in their April 1970 Monthly Statistical Summary.

cr As reported by publishers accounting for about 75 percent of total newsprint consumption.

§Monthly data are averages for the 4-week period ending on Saturday nearest the end of themonth; annual data are as of Dec. 31.

*New series. Monthly data are available back to 1955.° Revisions for Jan.- May 1969 will be shown later.




1969 1970

Annual

1970


1971


STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Shipments, finished cement thous. bbl_

CLAY CONSTRUCTION PRODUCTS

Shipments:Brick, unglazed (common and face)

mil. standard brick..Structural tile, except facing thous. sh. tons_.Sewer pipe and fittings, vitrified ._ -doFacing tile (hollow), glazed and unglazed

mil. brick equivalent- _Floor and wall tile and accessories, glazed and un-

glazed - - -.mil. sq. f t_ .Price index, brick (common), f.o.b. plant or

N Y dock 1967 = 100--

GLASS AND GLASS PRODUCTS

Flat glass, mfrs.' shipments . thous. $_.

Sheet (window) glass, shipments doPlate and other flat glass shipments do

Glass containers:Production thous. gross-

Shipments, domestic, total. .- . doGeneral-use food:

Narrow-neck food - --doWide-mouth food (incl. packers' tumblers,

jelly glasses, and fruit jars) thous. gross. _

Beverage . . _. doBeer bottles do _ _Liquor and wine - do. __

Medicinal and toilet doChemical, household and industrial doDairy products do

Stocks, end of period - . - --do

GYPSUM AND PRODUCTS (QTRLY)

Crude gypsum, total:Imports thous sh tonsProduction do

Calcined production total do

Gypsum products sold or used, total:Uncalcined uses __ _ doIndustrial uses doBuilding uses:

Plasters:Base-coat doAll other (incl TCeene's cement) do

Lath mil sq. ftWallboard doAll other. _ . . do. __

1409,826

7, 289. 7241.5

1, 783. 5

209.0

284.8

107.8

416, 870

150, 123266, 747

260, 267

251,050

24, 232

57, 828

56, 23251, 08620, 677

35, 9164,496

583

30, 260

5 8589 881

9 324

4,681316

473702

9179 090

275

389, 762

6, 496. 0184.6

1, 622. 2

173.0

250.4

112.2

382, 775

131, 702251, 073

267, 255

264, 483

24, 806

58, 632

69, 25452, 62620, 638

34, 2523,896

379

30, 084

6 1289,462

8,654

4,219265

408588

7498,764

228

36, 385

579.417.5

138.4

10.6

20.5

112.0

23, 293

21,411

1,963

4,140

5, 9564,9881,505

2,545285

29

35, 204

39, 699

617.020.1

153.5

15.1

22.8

112.0

90, 388

31, 09259,296

23, 033

23, 798

2,043

4,731

6,9095,2051,699

2,864322

25

34, 016

1 3962,524

2 238

1,29872

106154

1872,259

62

42, 284

629.417.8

161.2

16.4

22.2

112.0

22, 589

22, 051

1,847

4,689

6,5324,9221,303

2,45927326

34, 404

41, 630

607.614.7

153.4

12.7

21.3

112.0

24, 910

23, 848

2,718

5,293

6,3234,7741,670

2,74529431

35, 178

38, 158

612.310.5

156.7

16.9

21.4

113.5

101, 919

34, 07967 840

21,863

24, 358

2,863

5,600

5,9444,4981,951

3,14031943

32, 504

1 7752 489

2 301

1,26751

104155

1972 308

64

39, 134

622.013.0

150.8

16.6

21.6

113 9

24, 635

24, 138

2,080

6,053

5,9124,3482,081

3,23639632

32, 775

29,859

530.811.2

127.9

16.6

19.1

114.2

21,412

19,104

1,674

4,525

4,9803,4041,721

2,46530332

34,896

26, 440

493.413.6

115.8

16.7

18.1

114 6

101,897

37, 34064 557

19,914

24, 477

2,095

5,557

7,3063,9741,923

3,20737342

30, 084

1,7512,277

2,134

95067

90141

1752,269

58

17, 285

361.211.793.1

12.2

20 4

114 1

20, 691

15, 903

1,680

3,589

3,5713,3331,459

2,03021526

34, 669

18, 987

395.010.594.7

11.1

19.1

116 0

19, 956

16, 838

1,762

3,822

3,9873,4141,481

2,10524028

37, 601

27,809

' 590. 915.9

' 131. 4

'14.1

'23.7

117.0

99, 317

32, 95266, 365

23, 030

22, 197

2,262

4,792

5,5624,8031.872

2,53933730

38. 263

1 2732,193

2 194

74663

94119

1172,359

60

35,576

681.518.3

159.0

14.6

25.2

117.4

21, 770

21, 230

1,950

4,345

5,7934,8821,598

2,32930825

38, 642

37, 086

117 4

23, 259

21, 441

1,894

4,394

5,9014,9961,502

2,41731819

40,253

117 4

TEXTILE PRODUCTS

WOVEN FABRICS

Woven fabrics (gray goo ds), weaving mills:$Production total 9 mil linear yd

Cotton ._ doManmade fiber do

Stocks, total, end of period 9 d" doCotton _ _ _ doManmade fiber do

Orders, unfilled , total, end of period 9 H...doCotton . _ doManmade fiber do

COTTON

Cotton (excluding llnters):Production:

GinningsA thous running balesCrop estimate, equivalent 500-lb. bales

thous. bales..Consumption doStocks in the United States, total, end of period

thous. bales..Domestic cotton, total do

On farms and in transit doPublic storage and compresses doConsuming establishments. do

Foreign cotton, total dor Revised. 1 Reported annual total; revisions n

cover 5 weeks; other months, 4 weeks. 3 Ginning» Crop for the year 1970. 9 Includes data not sh^Effective Aug. 1969 SURVEY, data (1964-Apr. 19

marks; see Bureau of Census reports: Woven Fabrand (Jan-Apr. 1969), M22A (69) 1-4 Supplement.

12, 9077,1595,546

1,404659730

2,7791,5351,155

9,937

10,0088,294

12, 26512, 2481,3239,6531,272

17

ot allocats to Dec.Dwn separ69) refleclics (1964-

11, 5456,3954,991

1,471592867

2,4341,525

866

10, 112

10, 1847,878

11, 90011, 886

1,4829,2571,147

14

ed to the13. * (ately., adjustm68), Series

924502406

1,409594799

2,5221,4381,030

609

7,5067,486

5855,3631,538

20

monthsWinnings

ents to iM22A-S

21,02825282482

1,429584830

2,4601,425

983

2730

6,5176,498

4174,6211,460

192 D

to Jan.

lew bensupplemf

791459322

1,441587838

2,5141,481

984

6

532

5,7605,733

3603,9621,411

27

ata16.

3h-mt

901502389

1,454592846

2,4391,441

954

280

593

15, 78915, 77310, 8753,6311,263

15

d"Stowel

HUand siand b

AT

2 1, 08826152463

1,453585853

2,3951,441

916

1,122

2760

14,81114, 7959,9003,8541,041

16

;ocks (oving, andifilled orocks excllanketinotal ginn

915516390

1,437584839

2,4251,481

901

4,165

632

13, 94913,9317, 5455,474

91218

vned byjlanketiders coveude figuiI-ings to e

902520374

1,434579842

2,5021,543

919

8,831

641

12, 73212, 7192,8458,8741,000

13

weavingig, and Lr wool a•es for su

nd of mo

2 98925812399

1,471592867

2,4341,525

866

3 9, 828

2722

11,90011,8861,4829,2571,147

14

mills anilled anc

Dparel (ir:h finishe

nth indie

G10531369

1,443591837

2,4311,552

844

* 10, 056

644

10, 72410, 7081,2858,1261,297

16

d billedheld stc

eludingd fabrics

jated, ex

910532368

1,443611818

2,4861,567

881

665

9,4969,4791,0936,8901,496

17

and helcks of depolyester. Orders

cept as n

'21,1192 646

' 2462

r 1 ,356547

••795

' 2 ,6421,640'964

s 10,112

5 10,1842815

8,1518,133

8795,5771,677

18

d for otl-nims.-wool) nalso exclt

oted.

870490370

1,354571768

2,7201,6381,045

637

6,9306,915

5454,6061,764

15

ers) excl

nished faide bedst

645

5,8575,840

4033,6681,769

17

ude beds

brics; pnleeting, t

heeting,

)ductionoweling,



Unless otherwise stated in footifotes below, datathrough 1968 and descriptive notes are as shownin the 1969 edition of BUSINESS STATISTICS

1969 1970

Annual

1970


1971


TEXTILE PRODUCTS—Continued

COTTON— Continued

Cotton (excluding linters)— ContinuedExports thous. bales__Imports - - do

Price (farm), American upland cents per lb._.Price, middling 1", avg. 12 markets do -_

COTTON MANUFACTURESSpindle activity (cotton system spindles) :

Active spindles, last working day, total mil--Consuming 100 percent cotton __ _ _ d o

Spindle hours operated, all fibers, total bilAverage per working day _ _ do

Consuming 100 percent cotton do

Cotton yarn, price, 36/2, combed, knit $ per Ib..Cotton cloth:

Cotton broadwoven goods over 12" in width:Production (qtrly ) mil lin yd

Orders, unfilled, end of period, as compared withavg. weekly production No. weeks' prod

Inventories, end of period, as compared withavg. weekly production -.No. weeks' prod--

Ratio of stocks to unfilled orders (at cottonmills) end of period seasonally adjusted

Exports, raw cotton equiv thous. bales..Imports, raw cotton equiv do

Mill margins:Carded yarn cloth average cents per lb._

Prices, wholesale:Print cloth, 39 inch, 68 x 72 cents per yardSheeting, class B, 40-inch, 48 x 44-48.. .do. ...

MANMADE FIBERS AND MANUFACTURESFiber production qtrly total mil Ib

Filament yarn (rayon and acetate) doStaple, incl tow (rayon) doNoncellulosic, except textile glass:

Yarn and monofilaments doStaple, incl. towf do

Textile glass fiber do

Exports: Yarns and monofllaments thous. lb..Staple, tow, and tops do

Imports: Yarns and monofilaments doStaple, tow, and tops do

Stocks, producers', end of period:Filament yarn (rayon and acetate) mil. lb._Staple, incl. tow (rayon) doNoncellulosic fiber, except textile glass:

Yarn and monofilaments doStaple, incl. towf do

Textile glass fiber do

Prices, manmade fibers, f.o.b. producing plant:Staple: Polyester, 1.5 denierj $ per lb__Yarn: Rayon (viscose), 150 denier . do -

Acrylic (spun), knitting, 2/20, 3-6D..do

Manmade fiber and silk broadwoven fabrics:Production (qtrly.), total 9 mil. lin. yd~

Filament yarn (100%) fabrics 9 doChiefly rayon and/or acetate fabrics doChiefly nylon fabrics . do

Spun yarn (100%) fab., exc. blanketing 9"-. doRayon and/or acetate fabrics and blends

doPolyester blends with cotton do

Filament and spun yarn fabrics (combinationsand mixtures) mil. lin. yd — .

WOOLWool consumption, mill (clean basis) :

Apparel class mil. lbCarpet class . do

Wo ol imports, clean yield. doDuty-free (carpet class) do

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Graded territory, fine $ per lbGraded fleece, % blood do

Australian, 64s, warp and half-warp cf. do

WOOL MANUFACTURESKnitting yarn, worsted, 2/20s-50s/56s, American

system, wholesale price© 1967—100Wool broadwoven goods, exc. felts-

Production (qtrly.) mil. lin. yd..Price (wholesale), suiting, flannel, men's and

boys', f.o.b. millO 1967=100. .

' Revised. 1 Season average. 2 For 5 weeks;for 4 months, Sept.-Dec. 4 Effective Sept. 1970, av5 Revised total; revisions not distributed by monthquantities of chiefly nylon combination fabrics.38^-inch, 64x56, 5.50 yds.Ab.; beginning Oct. 1970,Prices not comparable for varying cloths. 9 Revise

2,39746

120.9122.2

19.612.4

125.6.47680.9

1.027

6,965

15.0

6.0

.42

330.5573.3

43.27

18.7

5, 562. 5774.4758.8

1, 766. 91, 761. 0

501.4

100, 5395 127, 484

s 41, 063s 159, 404

78.475.6

259.8240.570.6

.61

.891.42

5, 396. 41, 690. 7

776.47 345. 0

2, 951. 8

629.71, 893. 1

517.0

219.093.8

189.295.7

1.221< .862

100.0

222.5

100.9

other msrage not (s. 6 Le8 For Apspec, ch

d 1st quar

2,98237

i°21.510 23. 1

18.611.6

113.0.43570.4

1.008

'6,243

15.4

5.5

.38

274.3543.3

43.57

5, 391. 7730.8607.4

1, 793. 41, 792.8

467.3

148, 843152, 871

137, 054140, 075

75.076.0

288.3242.6103.8

.613.931.39

T 5, 032. 5'1,461.4

639.7271.4

'•2,871.3

' 444. 81, 962. 8

472.6

163.776.6

153.173.3

1.024.872.941

101.4

' 178. 6

101.3

onths, 4iomparabss than 5r.-June 1anged toter 1970 (n

2992

22.122.6

19.111.99.0

.4515.6

1.008

13.3

5.4

.41

25.052.0

43.41

815.8

15, 21212, 980

9,08512, 028

.61

.891.42

14.16.6

11.34.3

1.070.880

1.025

101.2

101.3

weeks,e with ej00 bales.370, pric

64x54, 5ail.lb.):

2692

22.122.8

19.111.9

210.6.42226.5

1.005

1,560

15.7

6.0

.37

21.242.1

43.33

815.8

9 1,341 0179 5141 2

9 444. 19452. 1124 1

17, 54912, 106

11, 96611, 168

84 590 3

281 49 241.6

87 7

.61

.891.42

1 294 9382.0170 468.8

735.9

104.1510.6

120 1

2 16.326.817.07.8

1.055.880

1.020

102.3

54.2

101.3

s Averirlier pric

7 Om3 for clo.60 yds.Product!

1862

22.523.0

19.112.07.8

.3884.8

1.001

14.9

5.6

.38

19.352.5

43.11

11, 08314, 197

15, 42411,425

.61

.891.42

9.85.0

13.75.8

1.025.880.982

102.3

101.3

age,es.itsth,lb.on,

841

22.623.0

19.011.98.6

.4315.3

1.001

13.1

5.1

.38

16.537.2

42.98

11, 64711, 880

13, 8369,310

.61

.891.41

10.87.5

14.79.2

1.025.880.952

102.3

101.3

total,1° Seasaratel:quotaavaila

896

21.923.0

18.811.8

210.6.42326.6

1.001

1,467

13.4

5.0

.36

18.637.9

43.29

1,298.4176.8134. 4

442.5431.7113.0

10, 6909,659

13, 19811, 658

77 972 1

282.5236.096.6

.614 . 9 31.40

1,208 3340 1148.662.9

701.4

102.5482.6

111 6

213.328.411.27.6

.953

.880

.854

102.2

35.4

101.3

1,386.0;on averaf. tRion referble. G

1813

22.823.0

18.811.78.7

.4365.4

1.003

13.4

4.9

.37

23.035.4

43.53

8 15. 019.8

10, 36711, 430

14, 7608,187

.614 .931.33

10.76.18.45.4

.925

.875

.760

101.9

101.3

noncelluge to ApBvisionss to Aus)Monthlj

2511

22.122.8

18.611.88.8

.4385.5

1.005

13.9

4.8

.34

22.752.8

43.96

815.019.8

8,5219,054

14,3148,888

.614 .931.33

10.85.46.94.0

.925

.875

.820

101.9

101.3

osic — ya>r. 1.for 1967tralian vr data pr

362

21.022.6

18.611.6

2 9.8.393

2 6. 2

1.011

'1, 561

15.4

5.5

.38

19.738.1

43.98

815.019.8

1, 366. 3192.8160.1

459.1452.0102.3

13, 13413, 752

15, 06410, 131

75.076.0

288.3242.6103.8

.614 . 9 31.33

T 1 ,189. 4' 332. 8

134.663.7

r 691. 2

114.0467.5

107.4

212.026.310.96.4

.850

.837

.802

101.6

'30.9

101.3

-n, 447.7f Revisedare in t

rool, 64'sior to 197

4413

21.022.8

18.611.68.9

.4465.6

1.014

13.5

5.0

.37

20.339.7

43.94

815.019.8

12, 61113, 836

20,04010, 056

.61

1.33

10.25.2

12.05.9

.825

.810

.804

101.4

101.3

staple,back tc

he Dec., Type 60 are av£

4556

21.523.2

18.611.69.1

.4535.7

1.023

13.9

5.1

.38

20.539.7

43.71

815.019.8

12, 23015, 190

17, 01613, 149

.61

1.33

9.55.69.45.0

.825

.775

.790

98.0

101.3

457.0; si1965.1970 Su

2; comptlilable on

5628

21.023.6

18.611.6

211.3.45027 .0

1.036

1,602

14.9

5.0

.35

25.937.6

43.48

815.019.8

1, 408. 3191.8141.3

476.8498.3100.1

14, 64016, 041

24, 25617, 648

74.158.5

272.9251.294.4

.61

1.28

1 ,225. 8338.5135.570.7

724. 5

112.0510.5

106.6

213.026 .711.26.2

.757

.685

.790

97.6

37.3

101.3

ocks, no9 Inclu

RVEY.irable prL new bas

4673

22.223.8

18.611.58.9

.4455.5

1.054

15.7

5.3

.34

25.448.3

43.45

815.019.8

13, 22018, 688

25, 54020, 423

.62

1.28

'9.4'5.311.16.9

.708

.658

.790

96.3

101.3

ncellulosdes data

cfBegirices prioe.

3273

22.724.5

18.611.59.1

.4545.6

1.059

15.7

4.9

.31

26.341.9

43.68

8 15.020.3

13 ,48215 ,202

25,83715,192

.62

1.26

9.55.1

11.56.3

.630

.640

.800

95.4

101.3

ic staplnot sho

ming Jar to 1970

23.225.1

1.066

44.628 15.5

.62

1.25

.597

.640

.828

95.0

100.1

\ 243.3.wn sep-n. 1970,are not


S-40 SUKVEY OF CUERENT BUSINESS July 1971


1969 1970

Annual

1970


1971


TEXTILE PRODUCTS—Continued

APPAREL

Hosierv shipments t thous. doz. pairsMen's 'apparel, cuttings: t

Tailored garments:Suits thous. unitsCoats (separate) , dress and sport doTrousers (separate) , dress and sport . do

Shirts (woven) dress and sport thous dozWomen's, misses', juniors' apparel, cuttings: t

Coats thous. unitsDresses ^ -- -- do_.Blouses and shirts thous dozSkirts do

248 602

21,09114, 353

169, 54221, 125

21, 664266,856

14, 4258,443

r 231,795

16 05810 910

177, 20920 438

17, 153236, 25813, 5826,398

T 18,563

1 5641,037

14, 8991 704

1,19120,0551,153

572

' 22,471

1,3011,003

14, 7571 819

1,54921, 7701,236

676

' 21,054

880581

13, 7501 384

1,47418, 2611,097

610

' 20,132

1 255762

15, 2741 673

1,56918, 352

966490

' 20,779

1,217839

15, 6691 710

1,54218,4111,073

483

'20,442

1 310937

15, 7681 994

1,66419,1541,072

457

T 17,533

1,164862

13, 9741,636

1,59216,777

910332

' 15,004

1,080755

13, 1961,431

1,13916,251

857323

16, 042

1,169804

14, 3451,490

1,19519, 0291,011

376

15,402

1,089740

14, 6441,557

1,27420, 3341,113

430

17, 595

r 1,317••890

'17,683r 1, 692

1,21823, 0851,311

466

16, 720

1,317959

16, 1881,776

' 1, 140'24,128r 1, 205

'389

16, 975

1,267999

14, 9781,635

1,15220, 1131,049

405

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLES

Orders new (net) otrly total mil $U S Government do

Prime contract _ _ d oSales (net) receipts, or billings qtrly total do

U.S. Government do

Backlog of orders, end of period 9 doU.S. Government do

Aircraft (complete) and parts doEngines (aircraft) and parts doMissiles, space vehicle systems, engines, propul-

sion units, and parts mil. $Other related operations (conversions, modifica-

tions), products, services mil. $..

Aircraft (complete):Shipments 0 do

Airframe weight © thous IbExports, commercial mil. $

MOTOR VEHICLES

Factory sales (from plants in U.S.), total thous..Domestic do

Passenger cars, total do -.Domestic _. do

Trucks and buses, total .doDomestic do

Retail sales, new passenger cars : *Total, not seasonally adjusted thous..

DomesticsA— ._ doImportsA - do

Total, seasonally adjusted at annual rates. -.miL.DomesticsA. ... doImportsA .. ... do..

Retail inventories, new cars (domestics), end ofperiod: *A

Not seasonally adjusted . thousSeasonally adjusted do

Inventory-sales ratio, new cars (domestics)* Aratio ..

Exports (Bureau of the Census):Passenger cars (new) , assembled thous

To Canada doTrucks and buses (new), assembled do

Imports (Bureau of the Census):Passenger cars (new) complete units do

From Canada total doTrucks and buses, complete units do

Truck trailers (complete), shipments number..Vans do

Trailer bodies and chassis (detachable), soldseparately. _ . number

Registrations (new vehicles) : OPassenger cars thous

Import cars doTrucks do

RAILROAD EQUIPMENT

Freight cars (all railroads and private car lines) :Sh ipments d" _ . number

Equipment manufacturers... doNew orders o" do

Equipment manufacturers doUnfilled orders, end of periodd" do

Equipment manufacturers doFreight cars (revenue), class 1 railroads (AAR):§

Number owned, end of period thous..Held for repairs % of total owned

Capacity (carrying), aggregate, end of periodmil. tons..

Average per car ton*?

22,00514, 52119, 28924,64816, 560

28 29714, 29815,6103,578

4,338

2,881

3, 593. 460, 117

1,239.2

10,146.99, 587. 78, 223. 77, 806. 51, 923. 21,781.2

9,5838,4641,118

1,4671,542

333. 45292. 11103. 23

1,846.72691. 15146. 01

138,34794, 808

33, 332

9, 446. 51,061.61, 888. 8

i 69, 028i 54, 112i 84, 245i 65, 301

46, 75135, 508

1,4385.6

94.3765.62

21, 16115, 11619, 01024, 75216, 407

24 70512, 88213, 2642,449

4,522

2,791

3, 605. 059, 436

1, 527. 2

8, 239. 37, 753. 06, 546. 86, 187. 31, 692. 41, 565. 7

8,4007,1191,280

1,2201,294

285.04245. 6292.28

2, 013. 42692. 78115. 82

105, 70971, 274

26, 138

5 8,388.2s 1,231.0i «1, 790. 2

i 65, 958i 52, 184i 50, 148i 42, 385

27, 55822,326

1,4235.7

95.6467.19

419.17,116239.4

890.1839.5724.4684.4165. 7155.1

8116991129.07.71.3

1,6321,458

2.3

33.1130.048.79

174. 7374.3610.13

9,8717, 057

2,056

5 784. 45104.2s 158. 9

5.8324,2272,3872,218

31, 04624, 299

1,4345.7

94.8566.15

4,5263,4004 0516,4844,188

25 19012 64013, 8652 969

3,828

2 699

208.53,23696.5

991.0931.0805.3758.4185.7172.6

9238001229.48.11.3

1,6741,483

2.2

39.0836.408.68

187. 7679.1610.52

8,6795,630

2,293

5900.9«118.65 176. 6

6,1154,4785,2183,487

30, 14923, 308

1,4335.5

95.3266.52

288.24,495123.8

627.5600.5481.6464.3145.9136.2

7636411229.27.81.4

1,5091,504

2.3

16.8314.707.69

150.6446.864.05

8,3875,880

1,590

5 837. 75 112. 25 179. 4

5,4464,4574,3404,226

29, 04023, 074

1,4335.6

95.4666.63

304.34,97455.2

413.4384.4272.4254.0141.0130.4

6395261128.97.61.3

1,2691,521

2.4

13.8912.557.46

95.1419.014.40

7,6924,953

1,874

s 683. 25 109. 95 159. 4

5,1644,1272,1482,148

25, 78220, 853

1,4335.8

95.7766.81

6,3585,0385,9376,0204 049

25,53913,62713, 7662 758

4,412

2,754

215.63,85051.9

632.0582.2493.6454.2138.4128.0

58048992

8.97.81.1

1,2611,496

2.3

31.7228.466.20

167. 6248.5810.05

8,7805,817

1,398

5 612. 15 102. 8s 153. 3

6,1474,9222,0731,726

21,67217, 621

1,4316.0

95.7866.96

329.25,756101.2

501.4465.6392.5365.4108.9100.1

7546301257.46.01.4

1,0531,280

2.6

21.1015.986.06

168. 6056.7516.82

8,0375,240

1,574

4 719.04 112. 64 154. 2

4,6753,7873,0532,516

20, 04916, 349

1,4275.9

95.6267.01

278.24,709109.0

454.7424.3364.1341.190.683.2

5404361056.45.01.4

1,0181,167

2.8

17.8014.615.78

173. 3155.669.69

7,7775,238

1,378

4 537. 24 99. 8

4 118. 1

4,5693,5738,1648,026

23, 64420, 802

1,4245.7

95.2766.89

5,5793,7504,9866,2724,263

24,70512, 88213, 2642 449

4,522

2,791

254.84,004112.1

736.4698.2598.8570.6137.6127.6

5364251106.85.21.6

1,2201,294

3.0

19.2916.667.10

167. 9747.687.51

7,3104,818

1,078

5 606. 75 115. 45 123. 8

4,9054,0969,0315,832

27, 55822, 326

1,4235.7

95.6467.19

165.02,950101.7

860.6817.9710.7678.1149.9139.8

6945861089.98.41.5

1,3811,296

1.9

21.7518.81

6 6.44

198. 8747.2010.51

6,6104,187

985

5 588. 3598.5

5 108. 4

3,7253,1833,1522,932

26, 90321, 993

1,4235.7

95.7367.29

274.74,462209.3

921.9872.2757.8719.0164.2153.2

748637112

10.08.51.5

1,5281,401

2.0

31.3026.427.39

204. 5170.1711.63

7,2714,256

1,110

5 618. 3592.6

5 115. 2

4,6294,0593, 0422,792

25, 01520, 425

1,4315.7

96.0868.45

5,8073,7985,1045,5573,550

24, 95513, 13013, 0792,465

4,369

2,637

389.86,333313.4

1, 057. 4992.4865.2815.9192.2176.5

897756141

10.08.51.6

1,6831,530

2.2

41.5237.1410.76

233. 9281.0912.77

7,8524,748

1,523

5 820. 3s 130. 05 158. 2

5,0264,2625,3043,885

25, 19319, 948

1,4305.6

96.3867.37

243.94.414207.6

921.6863.0750.4703.6171.2159.4

884737148

10.08.31.7

1,7071,557

2.2

35.1231.589.42

222. 7069.0110.38

' 8, 347' 4, 897

1,192

3 833. 53 125. 13 168. 4

5,4974,4314,1073,782

23, 56319, 059

1,4315.6

96.7067.55

418.66,960253.6

2 938. 2

2 768. 8

2 169. 4

8907481429.88.21.6

1,7531,579

2.3

48.6246.079.34

230. 0077.6410.38

7,4584,413

1,206

4 838. 74 126. 74 171. 5

5,2524,3816,6706,570

24, 94421,227

1,4315.5

96.8267.66

'1,006.5

2809.5

2 197. 0

9557981589.78.11.7

1,7991,609

2.4

••Revised. i Annual total includes revisions not distributed by months. 2 Preliminaryestimate of production. s Omits data for three States. 4 Omits data for two States.

8 Omits data for one State. 6 Effective Jan. 1971, includes off-highway trucks and trailers;comparable 1970 total, 93.87 thous. f Revisions available: Hosiery, 1969-Apr. 1970; women'sapparel, 1968-69. JMonthly estimates (1967-70) revised to annual benchmarks appear inCensus report, Men's Apparel, M23B Supplement (5/27/71).

New series. Automobile Manufacturers Association and other industry sources; seasonaladjustments by OBE. For earlier data, see p. 43, Dec. 1970 SURVEY.

ADomestics include U.S.-type cars produced in the United States and Canada; importscover foreign-type cars only and exclude domestics produced in Canada.

cMmer. Railway Car Inst. and Assn. of Amer. Railroads, data cover new cars for domesticusers; backlog not adjusted for cancellations.

9 Total includes backlog for nonrelated products and services and basic research.©Data include military-type planes shipped to foreign governments.©Courtesy of R. L. Polk & Co.; republication prohibited.§ Excludes railroad-owned private refrigerator cars and private line cars.


INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40

SECTIONS

General:rs 1-7

. » 7-9Construction and real estate 9,10Domestic trade 11,12

adity

Labor force, employment, and earnings 13-16Finance 16-21Foreign trade of the United States 21-23Transportation and communications 23,24

Industry:Chemicals and allied products. 24,25Electric power and gas. 25,26Food and kindred products; tobacco. 26-30Leather and products 30

Lumber and product* 31Metals and manufactures 31-34Petroleum, coal, and products. 34-36Pulp, paper, and paper products. 36,37

Rubber and rubber products 37Stone, day, and flaw products 38Textile products 38-40Transportation equipment 40

INDIVIDUAL SERIESAdvertising. 11,16Aerospace vehicles. 40Agricultural loans . . . . 16Air carrier operations 23Aircraft and parts 4,6,7,40Alcohol, denatured and ethyl.. 25Alcoholic beverages 11,26A l u m i n u m . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33Apparel 1,3,4,8,9,11-15,40Asphalt and tar products 35,36Automobiles, etc. . . . . . . 1,3-6,8,9,11,12,19,22,23,40

Balance of international payments..16,17

2734

Barley.Battery shipments. .Beef and veal. ............ . .................. z»Beverages ..... ........ . . . . . . . ..... 4,8, 11,22,23.26Blast furnaces, steel works, etc . . . . . . . ..... . ---- 5-7Bonds, outstanding, issued, prices, sales, yields. . . . 18-20Brass and bronze ............................. 33Brick .......................... . . . . ......... 38Broker's balance! .............. . .............. 20Building and construction materials ............. 6, 7,

9,10,31,36,38Building costs. . .............................. 10BuildingBusines

permitsincorpor tions (new), failures

Business sales and inventoriesButter

1075

26

Cattle and calves ____ . ........................ 28Cement and concrete products ............... 9, 10, 38Cereal and bakery products .................... 8Chain-store sales, firms with 11 or more stores. . . 12Cheese.. ............................ . . . . . . . . 26Chemicals. . . ................. 4-6,8,13-15,19,22-25Cigarettes and cigars .......................... 30Clay products ................................ 9, 38Coal ................................. 4,8,22, 34,35Cocoa .................................. . . . . . 23,29Coffee. . . .................................... 23, 29Coke ........................................ 35Communication ............................ 2,20,24Confectionery. Bales ......... < ................. 29Construction:

Contracts .................................. 10Costs .......................... . .......... 10Employment, unemployment, hours, earnings. . 13-15Fixed investment, structures. . ......... . ..... 1Highways and roads ---- . ................... 9, 10Housing starts. ....... . .................... 10Materials output indexes. ................... 10New construction put in place ................ 9

Consumer credit ............... . ........ . ..... 17,18Consumer expenditures ....................... . 1Consumer goods output, index ........... . ..... 3, 4Consumer price index ......................... 8Copper ...................................... 33Corn. ........ , ........ . ..................... 27Cost of living (see Consumer price index) ........ 8Cotton, raw and manufactures. . . . . ..... 7,9,22,38,39Cottonseed cake and meal and oil. . . ........... 30Credit, short- and intermediate-term ............ 17, 18Crops ............... . ................ 3,7,27,30,38Crude oil and natural gas ....................... 4, 35Currency in circulation ........................ 19

Dairy products ......................... 3,7,8,26,27Debits, bank .......................... . ...... 16Debt, U.S. Government ....................... 18Department stores ............................ 11, 12Deposits, bank ........................... . 16,17, 19Disputes, industrial ........ . ............... . . . 16Distilled spirits.. ........... . ................. 26Dividend payments, rates, and yields ....... 2,3, 19-21Drug stores, sales ............... . ............. 11, 12

Earnings, weekly and hourly 15Eating and drinking places 11,12Egga and poultry 3,7,8,28,29Electric power 4,8,25,26Electrical machinery and equipment 4-7,

9,13-15,19,22,23,34Employment estimates 13-15Employment Service activities 16Expenditures, U.S. Government 18Explosives , 25Exports (see also individual commodities).... 1,2,21-23Express operations 23

Failures, industrial and commercial 7Farm income, marketings, and prices 2,3,7,8Farm wages 15Fats and oils 8,22,23,29,30Federal Government finance 18Federal Reserv e banks, condition of 16Federal Reserve member banks 17Fertilisers 8,25Hre losses 10fish oils and fish 29Flooring, hardwood 31Flour, wheat... 28Food products 1,4-8,11-15,19,22,23,26-30Foreclosures, real estate 10Foreign trade (see alto individual commod.) 21-23Foundry equipment 34Freight cars (equipment) 4,40Fruits and vegetables 7,8Fuel oil 35,36Fuels 4,8,22,23,34-36Furnaces 34Furniture 4,8,11-15

Gas, output, prices, sales, revenues 4,8,26Gasoline 1,35Glass and products 38Glycerin 25Gold 19Grains and products 7,8,22,27,28Grocery stores. 11,12Gross national product 1Gross private domestic investment 1Gypsum and products 9,38

t advances..

119,349,309,10

288

.'.*.... 1010402414

*1,4,8,11,12

radios, and television sets. 4,8,11,34

Housing starts and permits 10

Hardware storesHeating equipmentHides and skinsHighways and roadsHogsHome electronic equipment..Home Loan banks, outstandinHome mortgages ,HosieryHotels.Hours of work per week.

Household

Imports (see also individual commodities) . . . 1, 2, 22, 23Income, personal .............. .......... . ____ 2, 3Income and employment tax receipts ............ 18Industrial production indexes:

By industry ............. . .................. 3,4By market grouping ............... . ........ 3, 4

Installment credit ......................... 12, 17, 18Instruments and related products .......... 4-6, 13-15Insurance, fife ................................ 18, 19Interest and money rates ...................... 17Inventories, manufacturers* and trade ...... . 5, 6, 11, 12Inventory-sales ratios ......................... 5Iron and steel .............. 4-7,9,10,19,22, 23,31,32

Labor advertising index, strikes, turnoverLabor forceLamb and muttonLardLead

16132828

...... . ................................. 33Leather and products ............... . . . 4,9,13-15,30Life insurance ........................ . ....... 18, 19Linseed oil .............................. . ..... 30Livestock ............. . . .................. 3,7,8,28Loans, real estate, agricultural, bank, brokers*

(see also Consumer credit) .......... 10,16,17,18,20Lubricants ................................... 35, 36Lumber and products ............... 4,9,10-15,19,31

Machine tools. .... ............................ 34Machinery... . . . . . . . ....... 4-7,9,13-15,19,22,23,34M ail order bouses, sales . . . . ................... 11Man-hours, aggregate, and indexes. . . . . . . . ..... 14Manmade fibers and manufactures .............. 9, 39Manufacturers* sales (or shipments), inventories,

orders ..................................... 5-7Manufacturing employment, unemployment, pro-

duction workers, hours, man-hours, earnings. . . 13-15Manufacturing production indexes ...... ....... . 3, 4Margarine ................................... 29Meat animals and meats ............. 3, 7, 8, 22, 23, 28Medical and personal care ..................... 8Metals ....................... 4-7,9,19,22,23,31-33Milk ..... . .................................. 27Mining and minerals ................. 2-4,9,13-15,19Monetary statistics. ............... , ..... ; ---- 19Money supply ................................ 19Mortgage applications, loans, rates. . . ---- 10, 16, 17, 18Motor carriers ............................... 23, 24Motor vehicles ............ 1,4-6,8,9,11,19,22,23,40Motors and generators ........................ 34

National defense iNational income i„_ ,National parka, visits.Newsprint 23,37New York Stock Exchange, selected data 20,21Nonfcrroa. metals 4,9,19,22,23,33NoninstaUment credit. 18

OatiOil burners.....Oils and fats....Orders, new and i

., 27

........ 348,22,23,29,30., 6,7. . . . . . . . 13-15

Faint and paint materialsPaper and products and pulp.

Parity ratio..Passportsi

::::::::::::: «9,13-15,19,23,36,37

"".r.r."'.'.'. 24iPersonal income.Personal outlayPetroleum «

8,11-15,19,22,23,35,36Pig iron 31,32Plant and equipment expenditures. 2Plastics and resin materials 25Population 13Pork 28Poultry and eggs 3,7,8,28,29Prices (see also individual commodities) 7-9Printing and publishing 4,13-15Private sector employment and earnings. 13-15Profits, corporate 2,19Public utilities 2-4,9,19-21,25,26Pulp and pulp wood 36Purchasing power of the dollar 9

Radiators and converters. 34Radio and television. 4,11,34Railroads... 2,15,16,20,21,24,40Railways (local) and bus lines 23Rayon and acetate 39Real estate 10,17,18Receipts, U.S. Government 18Recreation 8Refrigerators and home frceaers 34Rent (housing) 8Retail trade 5,7,11-15,17Rice 27Roofing and siding, asphalt 36Rubber and products Oncl. plastics) 4-4,

9,13-15,23,37

Saving, personal. 2Savings deposits 17Securities issued 19,20Security markets 20,21Services 1,8,13Sheep and lambs 28Shoes and other footwear 9,11,12,30Silver 19Soybean cake and meal and oil 30Spindle activity, cotton. 39Steel (raw) and steel manufactures . . . . . . . 22,23,31,32Steel scrap. 31Stock prices, earnings, sales, etc 20,21Stone, day, glass products 4-6,9,13-15,19,38Stoves and ranges 34Sugar 23,29Sulfur , 25Sulfuric acid 24Superphosphate 25

Tea imports. . . . .Telephone and telegraph

.rie

2924

Television and radio .................. . . . . . . 4,11,34Textiles and products. . . . 4-6, 9, 13-15, 19, 22, 23, 38-40

TirU and inner tubes. . II'. "/.*.'. '.',', 1 '.'. '.'. '. ! '9,*ii, 12,37Tobacco and manufactures. ....... 4-7,9,11,13-15,30Tractors. ... ................................. 34Trade (retail and wholesale) ................. 5,11,12Transit lines, local. ........................... 23Transportation.. .................... 1,2,8,13,23,24Transportation equipment ........... 4-7,13-15,19,40Travel ...................................... 23,24Truck trailers ................................ 40Trucks (industrial and other) .................. 34,40

Unemployment and insurance ................. •U.S.dovernment bonds .................... 16,17,20U.S. Government finance ............... . ...... 18Utilities .......... ............... 2-4,9,19-21,25,26

Vacuum cleaners ---- , ........................ fjVariety stores ................................ U,12Vegetable oils .......... . ..................... 29,3£Vegetables and fenfcs ..................... ..... 7. fVeterans* benefits ............................. *o

Wages and salaries ........................... 2,3,15Washers and dryers .......................... ffWater heaters ................................ 34Wheat and wheat Hour. . . ............ ......... 27,28Wholesale price indexes ................. . . . . . . »• JWholesale trade ....................... 5,7,11,13-15Wood pulp ........ . ...................... • • fgWool and wool manufactures. . . ....... .. ........ *» v*

Zinc. 33


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Documents

summary national income

regional income

personal income

iowa609 federal

jfk federal

federal bl

gross national product

product tables