scb_081977

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

AUGUST 1977 / VOLUME 57 NUMBER 8SURVEY OF CURRENT BUSINESS

CONTENTS

THE BUSINESS SITUATION

Federal Budget Developments 2

Reconciliation of BEA Compensation and BLS Earnings 3

NIPA Errata 4

National Income and Product Tables 5

State Personal Income, 1975-76 14

State Personal Income Revisions, 1971—76 15

U.S. Direct Investment Abroad in 1976 32

Alternative Estimates of Capital Consumption andProfits of ISronfinancial Corporations, 1974-76 56Fixed Nonresidential Business and Residential

Capital in the United States, 1974-76 57

Revised Manufacturing and Trade Inventories

and Sales, 1973: IV-1977: II 58

Seasonally Unadjusted NIPA Estimates 60

Summary National Income and Product Series, 1929-76 62

CURRENT BUSINESS STATISTICS

General S1-S25

Industry S25-S40

Subject Index (Inside Back Cover)

f Wf̂ \

U.S. Department of Commerce

Juanita M. Kreps / Secretary

Courtenay M. Slater / Chief Economistfor the Department of Commerce

Bureau of Economic Analysis

George Jaszi / Director

Allan H. Young / Deputy, Director

Carol S. Carson / Editor-in-Chief,Survey of Current Business

Manuscript Editor: Dannelel A. GrosvenorStatistics Editor: Leo V. Barry, Jr.Graphics Editor: Billy Jo Hurley

Staff Contributors to This Issue: Lowell D. Ashby,Robert B. Bretzfelder, Edwin J. Coleman, Gerald F.Donahoe, Jeanne S. Goodman, Shelby W. Herman,John C. Hinrichs, Mary W. Hook, John C. Musgrave,Robert P. Parker, Kenneth A. Petrick, Charles A.Waite, Joseph C. Wakefield, Obie G. Whichard

SURVEY OF CURRENT BUSINESS. Published monthly bythe Bureau of Economic Analysis of the U.S. Departmentof Commerce. Editorial correspondence should be ad-dressed to the Editor-in-Chief, Survey of Current Busi-ness, Bureau of Economic Analysis, U.S. Department ofCommerce, Washington, D.C. 20230.

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the BUSINESS SITUATION

ReLevised estimates show that realGNP increased at an annual rate of6.1 percent in the second quarter, ascompared with 6.4 percent shown bythe preliminary estimates last month.Inflation as measured by the change inthe GNP implicit price deflator was7.1 percent at an annual rate, com-pared with the preliminary estimate of6.6 percent.

The revised estimates show fewerfinal sales and^ more inventory ac-cumulation than the preliminary esti-mates. The second-quarter increase inreal final sales was 5.1 percent, com-pared with the preliminary estimate of5.6 percent. Small downward revisionsin consumer expenditures on goods—largely nondurables—more than offsetupward revisions in consumer ex-

penditures on services. A downwardrevision in fixed investment reflectedlower estimates of nonresidential pro-ducers' durable equipment. Net ex-ports also were revised downward. Theupward revision in inventory ac-cumulation was mainly in wholesaletrade durables and retail trade non-durables. Inventories of manufactur-ing and wholesale trade nondurableswere revised downward.

The upward revision in prices re-sulted mostly from a larger increase inprices of consumer services and struc-tures and a smaller increase in importprices. Import prices measure theprices of foreign, rather than U.S.,production and are netted out ofprices paid by U.S. purchasers toobtain the prices of U.S. production.

The fixed-weighted price index forGNP, which abstracts from shifts inthe composition of GNP and hence is apure measure of price change, also wasrevised upward to 7.0 percent. Thepreliminary estimate was 6.6 percent.

Second-quarter corporate profits

Preliminary estimates show thatprofits from current production—corpo-rate profits (before tax) with inventoryvaluation and capital consumption ad-justments—increased $14}£ billion at aseasonally adjusted annual rate in thesecond quarter, following an increase of$2% billion in the first quarter.

Domestic profits of nonfinancial cor-porations were up $13% billion. Most ofthis increase was in manufacturing,where the gains were widespread. The

Professional Positions at BEACHIEF STATISTICIAN

BEA is inviting applications for the executive level position ofChief Statistician. The position is rated at GS-16 ($39,629-$47,500).

The Chief Statistician reports to the Director of BEA and is theprincipal adviser to the Director on the statistical methodolog)^data sources, and estimating techniques that underlie the work ofBEA. The Chief Statistician plans, directs, and coordinates pro-grams related to the improvements of statistical methodology,monitors their execution, and is also the principal auditor of all ofBEA's statistical operations. The Chief Statistician participates inthe formulation and evaluation of the analytical work of BEA.

The content of the Chief Statistician's position is quite flexible,because it does not carry the supervisory responsibilities of a linejob. In particular, there is latitude in the mix between work initiatedand carried out by the Chief Statistician with the aid of a few as-sistants and work in which the Chief Statistician serves asconsultant.

The position requires a thorough knowledge of economic datasources and estimating techniques. Other requisites are ability towrite clearly and familiarity with econometric and mathematicalstatistical techniques and with economic accounting.

Persons interested in this position should write to George Jaszi,Director, Bureau of Economic Analysis, U.S. Department of Com-merce, Washington, D.C. 20230.

OTHER POSITIONSOn the basis of congressional action to date, BEA expects to add

to its program, as follows:1. The present environmental studies program includes the

estimation of pollution abatement and control expenditures byconsumers, business, and government (see, for example, SURVEYOF CURRENT BUSINE&S, February 1977). This program may beexpanded to include more industry and regional detail and constant-dollar estimates of abatement expenditures.

2. A new research project may be initiated to develop GNP-related measures to aid in evaluating the Nation's welfare. Theareas that may be examined include the stock of consumer durablesand government capital, the services rendered by these stocks, andthe stock of human capital.

Because of staff reassignments, as well as possible new vacancies,BEA expects to fill positions throughout all of its program areas.

BEA invites applications for economist positions in the range ofGS-7 to GS-15 ($ll,523-$33,789). Applications should include,if possible, a completed Standard Form 171, the Civil ServiceCommission's "Personal Qualifications statement," and indicatewhether the applicant has current Civil Service eligibility. Addressapplications to: Harry Hurrle, Bureau of Economic Analysis,U.S. Department of Commerce, Washington, D.C. 20230.


SURVEY OF CURRENT BUSINESS August 1977

largest increases were in motor vehicles,primary and fabricated metals, food,chemicals, and petroleum. Nondurablegoods manufacturing increased afterdeclines in the two preceding quarters.Profits of financial corporations andprofits from abroad, the latter measuredby the net inflow of branch profits anddividends from the rest of the world,each rose $K billion.

Before-tax book profits were up $12billion in the second quarter. Theseprofits differ from profits from currentproduction for two reasons. First, they

CHART 1

Corporate ProfitsBillion $180

160

140

120

100

80

60

40

20

Profits With IVA

and CCAdj.

Profits After Tax

With IVA and CCAdj.

I I I I I M 1 I 1 1 I I 1 1 1 I I 1Seasonally Adjusted at Annual Rates

Percent

PROFITS WITH IVA AND CCAdj. AS

A PERCENTAGE OF NATIONAL INCOME

i I I I I I I I I I I I i I I1973 1974 1975 1976

Seasonally Adjusted

NOTE.-IVA is inventory valuation adjustment and

CCAdj. is capital consumption adjustment.

U.S. Department of Commerce, Bureau of Economic Analysis

1 9 7 7

include inventory profits, which arisebecause inventories used up aregenerally valued by business at histori-cal, rather than replacement, cost.Second, they reflect tax return-based,rather than "economic", capital con-sumption allowances. The capital con-sumption adjustment referred to aboveconverts the tax-return measure to the

economic measure, which is constructedto reflect uniform service lives anddepreciation formulas and replacementcost valuation. Inventory profits, whichdeclined $2% billion—from $20% billionin the first quarter to $18 billion in thesecond—accounted for the larger in-crease in profits from current productionthan in before-tax book profits.

Federal Budget DevelopmentsREVISED estimates of Federal unifiedbudget receipts and outlays were re-leased in early July by the Office ofManagement and Budget (OMB) aspart of its mid-session review. Therevised estimates include changes—suchas withdrawal of major provisions of theeconomic stimulus program—made bythe administration in April and incor-porate additional changes that haveoccurred since then. (See the MaySURVEY OF CURRENT BUSINESS for adiscussion of the April budget re-visions.) The additional changes includeincorporation of the administration'senergy program, the impact of the TaxReduction and Simplification Act of1977, reestimates of agency spendingand tax collections based on experiencesince mid-April, and slightly revisedeconomic assumptions. The major eco-nomic assumptions are shown in thefollowing table (expressed as percentchange from preceding year.)

Gross national product(Constant dollars)

Gross national productdeflator __ __

Unemployment rate(percent, not percentchange)

April July April July

Estimates

1977

4.9

5.8

7.2

5.1

5.9

7.0

1978

5.6

6.1

6.4

5.3

6.3

6.3

For fiscal year 1977, a $48.1 billiondeficit is estimated, compared with$48.7 billion in April (table 1). Re-ceipts are revised down $0.3 billion, thenet result of a $1.4 billion decline fromprovisions of the Tax Reduction andSimplification Act and a $1.1 billionincrease due to reestimates and higherincomes. Outlays are revised down $0.9

billion. This reflects spending trendssince April and recent congressionalactions.1 Major downward revisions arefor antirecession fiscal assistance ($0.4billion), employee retirement benefits($0.3 billion), and sewage plant con-struction grants ($0.2 billion).

For fiscal 1978, a deficit of $61.5billion is estimated, compared with$57.9 billion in April. Receipts are $2.5billion lower, largely due to provisionsof the Tax Reduction and SimplificationAct. Outlays are $1.2 billion higher,mainly due to the proposed energyprogram.

Revised NIP A estimates

BEA has prepared estimates of theFederal sector on the national incomeand product accounting (NIPA) basisconsistent with the mid-session reviewestimates. On the NIPA basis, fiscalyear 1977 receipts are $3 billion lowerthan estimated in April, expendituresare $2 billion lower, and the deficit is$1 billion higher. Among receipts, cor-porate profits tax accruals and personaltax and nontax receipts are lower.Contributions for social insurance arehigher and indirect business tax andnontax accruals are basically un-changed. Among expenditures, transferpayments to persons, grants-in-aid toState and local governments, and non-defense purchases are lower. Net in-terest paid and subsidies (less thecurrent surplus of government enter-prises) are slightly higher.

1. In August, administration officials again reestimatedfiscal 1977 unified budget outlays in testimony before Con-gress. The new estimate is $404 billion, over $2 billion belowthe July mid-session review estimate discussed in this article.Budget receipts for fiscal 1977 and 1978 and outlays for fiscal1978 were not reestimated. BEA was unable to prepareNIPA estimates consistent with the August revision becausedetails were unavailable.


August 1977 SUKVEY OF CURRENT BUSINESS

Table 1.—Federal Government Receipts and Expenditures[Billions of dollars]

Unified budget:

ReceiptsOutlaysSurplus or deficit (—).

National income and product accounting basis:

Receipts

Personal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax accruals.Contributions for social insurance

Expenditures .

Purchases of goods and servicesNational defenseNondefense

Transfer paymentsTo personsTo foreigners

Orants-in-aid to State and local governmentsNet interest paid.Subsidies less current surplus of government enterprises..

Surplus or deficit (—)

Fiscal year 1977

April July

Estimates

358.6407.3

-48.7

368.3

167.060.724.5

116.1

419.1

144.292.851.4

171.1167.8

3.368.028.77.1

-50.8

358.31406.4

i -48.1

365.4

166.457.424.7

116.9

417.2

143.692.850.8

170.2166.9

3.367.328.97.2

-51.8

Re-visions

- 0 . 3- . 9

-2 .9

- . 6- 3 . 3

.2

-1 .9

- . 9- . 9

- . 7.2.1

- 1 . 0

Fiscal year 1978

April July

Estimates

403.8461.7

-57.9

421.2

189.171.826.0

134.3

468.3

162.4105.057.4

184.7181.3

3.481.531.08.7

-47.1

401.4462.9

-61.5

415.3

185.066.630.4

133.3

469.3

163.5105.258.3

185.0181.6

3.480.131.79.0

-54.0

Re-visions

- 2 . 51.2

-5 .9

- 4 . 1- 5 . 2

4.4- 1 . 0

1.0

1.1.2.9.3.3

- 1 . 4.7.3

-6 .9

1. In August, the Office of Management and Budget reestimated outlays at $404 billion and the deficit at $45.7 billionNOTE.—Earned income credit payments in excess of an individual's tax liability, formerly treated as outlays are now clas"

sifted as tax refunds in the unified budget. This change does not affect receipts or expenditures on the NIPA basis, whichcontinue to treat such payments as transfers. Earned income credit payments below an individual's tax liability continue tobe treated as tax refunds in the unified budget and in the NIPA's.

In 1978, receipts are $6 billion lower,expenditures are $1 billion higher andthe deficit is $7 billion higher. Amongreceipts, personal tax and nontaxreceipts, corporate profits tax accruals,and contributions for social insuranceare revised down; indirect businesstax and nontax accruals are revisedup. The proposed energy program is amajor factor in the revision; it reducespersonal tax and nontax receipts about$3 billion, reduces corporate profitstax accruals nearly $1 billion, andincreases indirect business tax and-nontax accruals $4 billion. Amongexpenditures, purchases and interestare revised up, and grants-in-aid toState and local governments is reviseddown.

Federal sector in the second quarter

The Federal Government deficit asmeasured in the NIPA's increased in thesecond quarter after declining sub-stantially in the first. Expendituresincreased nearly $8 billion in the secondquarter, receipts increased $6 billion(annual rates), and the deficit in-creased from about $39 billion to $41billion.

Purchases of goods and servicesaccounted for almost all of the increasein expenditures; national defense pur-chases increased nearly $4 billion andnondefense purchases increased $3.5billion. Nondefense purchases werespurred by a $2 billion increase inpurchases of agricultural commodities

by the Commodity Credit Corporation(CCC). Grants-in-aid to State andlocal governments increased nearly $2billion; almost half of the increase wasattributable to the new local publicworks program. Transfer payments topersons declined over $1 billion; adecline of nearly $3 billion in unem-ployment benefits more than offsetincreases in other transfer payments.

About two-thirds of the increase inreceipts occurred in corporate taxes;this reflected a large increase in bookprofits. Contributions for social in-surance increased $3 billion due tohigher wages. Personal taxes wereaffected by tax changes and declined$1 billion. Net income taxes increased$5 billion, despite a nearly $2 billionreduction attributable to lower with-holding rates, effective June 1, underprovisions of the Tax Reduction andSimplification Act. Estate and gifttaxes declined nearly $7 billion fromthe unusually high level reached in thefirst quarter when taxes were paid ongifts made in late 1976. Provisions ofthe Tax Reform Act of 1976 made itadvantageous to make gifts in 1976rather than in later years.

Special table

The reconciliation of changes incompensation per hour and averagehourly earnings is shown in table 2.

Table 2.—Reconciliation of Changes in Compensation Per Hour in the Business EconomyOther Than Farm and Housing and Average Hourly Earnings in the Private NonfarmEconomy, Seasonally Adjusted

1. Compensation per hour of all persons in the business economy other than farm and housing (percentchange at annual rate)1

2. Less: Contribution of supplements

3. Plus: Contribution of employees of housing and of nonprofit institutions

4. Less: Contribution of employees of government enterprises and self-employed and unpaid familyworkers

5. Equals: Wages and salaries per hour of employees in the private nonfarm economy (percent changeat annual rate)

6. Less: Contribution of nonproduction workers in manufacturing

7. Less: Contribution of non-BLS data, detailed weighting and seasonal adjustment..

Commodity-producing industries-Manufacturing.

Distributive industriesService industries

8. Equals: Average hourly earnings, production and nonsupervisory workers in the private nonfarmeconomy (percent change at annual rate) - - - - 8.5

I I

10.8

1.0

- . 1

0

9.7

_ 2

1.4

.5

.1

.7

.2

7.4

- . 1

2

. 2

7.5

- . 2

—. 7

- . 6.1

- . 10

8.4

1. BLS estimates of changes in hourly compensation in the nonfarm business sector for first and second quarters are 11.7and 7.4 percent.


SURVEY OF CURRENT BUSINESS August 1977

orred

Table

1. 15

1. 17

3.43.4

3. 14

5.45.4

5.55.5

iions are shown here for certain

Line orColumn

37

16

4848

46

11

4142

Period

1977-11

1974

1974-III1975-1

1973

19741975

19761976

Published

33. 1

- 4 . 3- 4 . 4

6,593

148, 638144, 563

9. 7. 5

ERRATA

items in the National Income and Prod

Correct

76. 5

33.3

- 4 . 4- 4 . 3

7,593

148, 583144, 638

9. 6. 4

Table

6. 16. 16. 16. 16. 16. 16. 16. 1

6.2

7.27.27.27. 2

Line orColumn

108108108108170170170170

31

16161717

Period

19731974197519761973197419751976

1973

1977-11977-111977-11977-11

uct table

Published

00000000

18.9

142.9144.9142.8144. 0

Correct

•

18.

142.144.142.143.

11111111

4

7735

nab

7.7.7.7.7.7.7.7.7.

7.

8.8.8.8.

le

555555555

15

9999

Line orColumn

555555555

26

70759698

Period

1975-11975-111975-III1975-IV1976-11978-111976-III1976-IV1977-1

1973

1977-11977-11977-111977-11

Published

127.0129. 0130.9132.2133. 5135. 4137. 3138.4140.8

105. 6

6. 95.7

- 1 8 . 5-24 . 1

Correct

125.127.129.130.132.133.135.137.138.

105.

6.5.

15.7.

300925434

2

8644

VTlM 1 DETAIL WITHIN 24 HOURS of official release will be available through a new service to begin in October.The service called NIPAGRAM (national income and product accounts by Mailgram), will provide quarterly informa-tion on the 650 series appearing in the 27 National Income and Product Tables in the SURVEY OF CURRENT BUSINESS.

In each month except July, subscribers to the service will receive a Mailgram containing preliminary or revisedestimates of the national income and product accounts. Because of the large amount of information released in July,present plans call for airmailing to subscribers the revised estimates for the preceding 3 years and for the first twoquarters of the current year. In April there will be an extra Mailgram on revised corporate profit estimates for the fourthquarter of the previous year.

Annual subscription to NIPAGRAM costs $120 for the contiguous United States and Hawaii, and $145 for Alaskaand Canada.

Orders for NIPAGRAM should be addressed to the NATIONAL TECHNICAL INFORMATION SERVICE,U.S. Department of Commerce, 5285 Port Royal Road, Springfield, Virginia 22161. Those who have a deposit accountwith NTIS or wish to use American Express can place orders by telephone. The number is (703) 557-4630.


August 1977 SURVEY OF CUEEENT BUSINESS

NATIONAL INCOME AND PRODUCT TABLES

1975 1976

1976

I II III IV

1977

I II

Seasonally adjusted at annual rates

Billions of current dollars

1975 1976

1976

I II III IV

1977

I II


Billions of 1972 dollars

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

Gross national product

Personal consumption expenditures..

Durable goodsNondurable goods.Services

Gross private domestic investment..

Fixed investment

NonresidentialStructuresProducers' durable equipment..

ResidentialNonfarm structuresFarm structuresProducers' durable equipment..

Change in business inventories.NonfarmFarm

Net export of goods and services

ExportsImports

Government purchases of goods and services..

FederalNational defense..Non defense

State and local

1,528.8

980.4

132.9409.3438.2

189.1

200.6

149.152.996.3

51.549.5

.91.1

- 1 1 . 5-15.1

3.6

20.4

147.3126.9

338.9

123.383.939.4

215.6

1,706.5

1,094.0

158.9442.7492.3

243.3

230.0

161.955.8

106.1

68.065.71.01.3

13.314.9

- 1 . 6

7.8

162.9155.1

361.4

130.186.843.3

231.2

1,651.2

1,056.0

153.3430.4472.4

231.3

216.8

155.454.7

100.8

61.458.91.21.2

14.515.9

- 1 . 4

10.2

153.9143.7

353.6

127.686.341.3

225.9

1,691.9

1,078.5

156.7437.1484.6

244.4

226.1

159.855.8

104.0

66.364.11.01.2

18.320.4

- 2 . 2

10.2

160.6150.4

358.9

128.586.042.5

230.4

1,727.3

1,102.2

159.3444.7498.2

254.3

232.8

164.956.0

109.0

67.865.7

.91.3

21.522.0- . 5

7.9

168.4160.6

363.0

130.286.443.8

232.7

1,755.4

1,139.0

166.3458.8513.9

243.4

244.3

167.657.0

110.6

76.774.31.11.3

1.4- 2 . 3

3.0

168.5165.6

370.0

134.288.445.8

235.8

1,810.8

1,172. 4

177.0466.6528.8

271.8

258.0

177.057.9

119.2

81.078.51.11.4

13.814.1- . 3

- 8 . 2

170.4178.6

374.9

136.389.746.7

238.5

1,869.7

1,194.0

178.6474.4541.1

294.9

273.2

182.461.0

121.4

90.888.2

1.21.4

21.722.4- . 7

- 9 . 8

178.0187.8

390.6

143.693.450.2

247.0

1,202.1

775.1

112.7307.6354.8

141.6

151.5

112.736.376.5

38.837.1

.7

.9

- 9 . 9-11.2

1.2

22.5

89.967.4

263.0

96.7

166.3

1,274.7

821.3

127.5321.6372.2

173.0

164.5

116.837.179.7

47.746.0

.71.0

8.510.1

- 1 . 6

16.0

95.879.8

264.4

96.5

167.9

1,256.0

807.2

125.4316.1365.6

168.1

158.4

113.736.876.8

44.842.9

.91.0

9.711.1

- 1 . 4

16.8

93.176.3

263.9

96.4

167.5

1,271.5

815.5

126.7319.3369.6

175.2

163.1

115.937.178.9

47.145.4

.71.0

12.114.3

- 2 . 1

16.4

95.2

78.9

264.5

96.1

168.4

1,283.7

822.7

127.1321.5374.0

179.4

165.6

118.537.181.4

47.145.4

.61.0

13.814.4- . 6

17.0

97.9 I80.9 ,

264.6 !

96.7 I

1,287.4

130.7329.4379.7

169.2

171.0

119.037.381.7

52.050.2

.71.1

- 1 . 8.7

- 2 . 5

13.8

96.983.1

264.6

97.1

168.0 167.5

1,311.0

850.4

136.9329.7383.8

186.7

177.0

124.337.087.3

52.750.9

.71.1

9.79.9

- . 2

10.6

96.986.3

263.3

97.0

166.4

1,330.6

854.1

137.9330.0386. 3

197.2

184.0

126.438.288.1

57.655.7

13.213.6

9.3

98.589.2

270.0

101.1

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

Gross national product.

Final salesChange in business inventories.

GoodsFinal salesChange in business inventories.

Durable goodsFinal salesChange in business inventories.

Nondurable goodsFinal salesChange in business inventories.

ServicesStructures..

1,528.8

1,540.3-11.5

686.2697.7

-11.5

258.2267.5- 9 . 2

428.0430.2- 2 . 2

699.2143.5

1,706.5

1,693.113.3

764.2750.913.3

303.4299.3

4.1

460.9451.6

9.3

782.0160.2

1,651.2

1,636. 714.5

744.6730.0

14.5

285.6287.6- 2 . 0

459.0442.4

16.6

751.6155.0

1,691.9

1,673. 718.3

761.7743.418.3

301.9294.9

7.0

459.7448.511.2

770.8159.4

1,727.3

1,705. 821.5

776.0754.521.5

313.4302.7

10.7

462.6451.810.9

791.8159.6

1,755. 4

1, 756.3- . 9

774.7775.6

- . 9

312.6312.0

.6

462.1463.6- 1 . 6

813.8166.9

1,810.8

1, 797. 013.8

805.9792.113.8

334.4326.6

7.8

471.5465.6

6.0

833.7171.2

1,869.7

1,848. 021.7

827.1805.421.7

341.0329.511.5

486.1475.910.2

855.2187.5

1,202.1

1,212. 0- 9 . 9

538.8548.7- 9 . 9

212.0219.2- 7 . 2

326.8329.5

2. 7

560.7102.7

1,274.7

1, 266.28.5

580.1571.6

8.5

235.2232.4

2.8

344.9339.3

5.7

584.7109.9

1,256.0

1, 246.39.7

571.8562.1

9.7

227.0228.1- 1 . 2

344.9334.0

10.8

575.4108.7

1,271.5

1, 259.412.1

579.8567.612.1

235.9230.9

5.0

343.9336.8

7.1

581.7110.1

1,283.7

1, 269. 813.8

586.9573.013.8

240.8233.5

7.2

346.1339.5

6.6

587.9108.8

1,287.4

1, 289.2- 1 . 8

581.9583.7- 1 . 8

237.0237.0

.1

344.8346.7- 1 . 9

593.6111.9

1,311.0

1,301.29.7

602.4592.7

9.7

252.3246.7

5.6

350.1346.0

4.2

597.1111.5

1,330.6

1,317.413.2

608.5595.313.2

254.7247.4

7.3

353.8347.9

5.8

602.8119.3

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

Gross national product.

Gross domestic product

BusinessNonfarm

Nonfarm less housing.Housing

FarmStatistical discrepancy..Residual1

Households and institutions-

GovernmentFederalState and local..

Rest of the world.

1,528.8 1,706.5 1,651.2 1,691.9 1,727.3 1,755.4 1,810.8

1,518.3

1, 289. 61,234. 61,115.1

119.549.25.9

50.4

178.259.0

119.2

10.5

1,692.1

1,444. 31,390.91, 258.7

132.347.95.5

56.2

191.662.4

129.2

14.4

1,637.0

1,395.81,343.11, 215.6

127.548.64.2

54.4

186.861.4

125.4

14.2

1,678.4

1,433.31,378. 01, 247. 0

130.950.94.5

55.5

189.661.6

128.1

13.5

1,712.0

1,463. 01,409.41, 275.4

134.045.68.0

56.4

192.661.8

130.7

15.3

1,740.9

485. 2433.4296. 8136.546.45.3

58.3

197.564.7

132.8

14.4

1,793.2

1,532.31,478.01,337. 4

140.651.03.3

60.4

200.565.4

135.1

17.6

1,869.7

1,851.4

1, 586. 41, 536. 31, 392. 2

144.150.8- . 7

62.0

203.165.5

137.6

18.3

1,202.1

1,197.3

1,013.7974.3870.5103.733.8

5.6

38.9

144.648.596.1

4.9

1,274.7

1,268.0

1, 082. 01,043. 8

934.9108.833.0

5.2

40.2

145.848.497.3

6.7

1,256.0

1,249.2

1, 064. 21,026. 4

919.3107.133.3

4.5

40.1

144.948.396.6

6.8

1,271.5

1,265.1

1,079.31,042. 5

934.0108.532.3

4.5

40.3

145.548.397.2

6.4

1,283.7

1,276.7

1,090.51,051. 2

941.6109.632.2

7.0

40.0

146.248.597.7

7.0

1,287.4

1,280.9

1,093.91,054. 8

944.7110.234.1

4.9

40.6

146.448.697.8

6.5

1,311.0

1,303.3

1,116. 21,077. 8

966.7111.135.1

3.4

40.6

146.548.697.9

7.7

1,330.6

1,322.8

1,134. 91,099. 5

987.5112.134.9

.5

41.2

146.748.698.1

7.8

HISTORICAL STATISTICS

The national income and product data for 1929-72 are in TheNational Income and Product Accounts of the United States, 1929-74:Statistical Tables (available for $4.95, SN 003-010-00052-9, from

Documents; see addresses inside front cover). Data for 1973 and1974-76 are in the July 1976 and July 1977 issues of the SURVEY,

respectively (except for seasonally unadjusted quarterly estimates,Commerce Department District Office or the Superintendent of which are in the September 1976 and August 1977 issues).


6 SURVEY OF CURRENT BUSINESS August 1977

1975 1976

1976

I II III IV

1977

I II



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


Less: Capital consumptionallowances withcapital consump-tion adjustment

Capital consumptionallowances withoutcapital consump-tion adjustment

Less: Capital con-sumption adjust-ment

Equals: Net national product..

Less: Indirect business taxand nontax liability

Business transfer pay-ments

Statistical discrepancy _.

Plus: Subsidies less currentsurplus of Govern-ment enterprises

Equals: National income

Less: Corporate profits withinventory valuationand capital consump-tion adjustments

Net interestContributions for social

insuranceWage accruals less dis-

bursements

Plus: Government transferpayments to persons. _

Personal interest income.Net interestInterest paid by gov-

ernment to personsand business

Less: Interest receivedby government

Interest paid by con-sumers to business. _

DividendsBusiness transfer pay-

ments

Equals: Personal income

,528.8 1,706.5 1,651.2

162.5

130.9

-31.7

1,366. 3 1,

138.7

7.05.

2.3

1,217.0

99.379.1

110.1

0

169.8115.679.1

33.3

19.7

22.932.4

7.0

1,253.4

179.0

142.0

-37 .1

527.4

150.5

8.15.5

1,364.1

128.188.4

123.8

0

184.7130.388.4

39.3

22.4

25.035.8

8.1

1,382.7

1,691.9 1,727.3

173.8

137.5

-36 .3

1,477.4

145.5

7.4.2

1.0

1,321.

126.585.0

120.3

0

182.5125.085.0

37.8

21.6

23.833.6

7.8

1,338.1

177.0

140.1

-36.9

1,514. 9 1

0 1

149.1

8.04.5

.5

,353.9

129.286.5

122.8

0

180.8127.586.5

39.0

22.3

24.435.0

8.0

1,366.7

180.!

-37.4

546.5

8.28.0

1,755.4

184.5

146.7

-37.8

1,570.9

155.5

8.45.3

1.1

1,379.

133.590.1

124.7

0

186.2132.390.1

39.8

23.1

25.536.0

8.2

1,393.

1,810.8

189.0

149.0

-40.0

1,621.8

160.1

8.73.3

6 1,

.5

402.1

123.192.0

127.5

0

189.5136.492.0

40.6

22.6

26.338.4

9 1,

1,869.7

193.3

151.2

-42.1

1,676.4

163.3

8.9- . 7

125.495.3

135.0

0

194.8140.395.3

41.2

23.7

27.538.5

8.4

432.2 1,476.8

.5 .1

1,450.2 1,505.1

139.798.9

138.0

0

194.0145.498.9

42.3

24.7

28.940.3

8.9

1,517.2

Table 5.—Relation of Gross National Product, Net NationalProduct, and National Income in Constant Dollars (1.10)


1975 1976 I

1976

II III I V

1977

I II


Billions of dollars

Table 6.—Net National Product and National Income by Sector inCurrent and Constant Dollars (1.11, 1.12)

Net national product

Net domestic product

B usinessNonfarmFarmStatistical discrepancy

Households and institutions-Government

Rest of the world

National income

Domestic income

B usinessNonfarmFarm


Rest of the world.

Net national product-.


BusinessNonfarmFirmResidual*


Rest of the world

National income

Domestic income

B usinessNonfarmFarm


Rest of the world..

1,366.3 1

1,355.7 1,

0 11,127.11,084.

37.25.9

50.4178.2

3 10 1

1,265.., 225.

34.85.5

56.2191.6

10.5

1,217.

3 1977.8942.35.550.4

178.2

10.5

,527.4

,513.1

1,477.4 1,514.9 1,546.5 1,570.9 1,621.8 1,

1,463.2 1,501.4 1,531.2 1,556.5 1,604.2 1,

0 1

14.4

,364.1

0 11,102.,069.

32.756.2

191.6

14.4

, 222. 0 1, 182.1

35.84.2

54.4186.8

2 1065.6032.133.554.4

186.8

14.2

, 256. 2 11,213. 9 1

37.94.5

55.5189.6

13.514.2

1,321.0 1,353.91

2 15 1

1,095.1,059.

35.755.5

189.6

13.5

, 282.2, 241.8

32.48.0

56.4192.6

15.3

,379.

1,206.4 1,349.8 1,306.8 1,340.4 1,364.3 1,387.6 1,432.6 1,486.8

,115.3 1,, 084.

30.556.4

192.6

15.3

5.4 1,300.7 1,343.31,,262.

32.95.3

58.3197.5

6 1

14.4

,402.1

8 1131.100.31.458.3

197.5

14.4

,302.9 137.13.3

60.4200.5

17.6

1,450.

, 171.7, 135.1

60.4200.5

17.6

2 1

[,676.4

L, 658.2

, 393.1, 357.3

36.6n

62! 0203.1

18.3

1,505.1

1,221. 81,186. 8

35.062.0

203.1

18.3


1,079.9 1,148.7 1,131.0 1,145.9 1,157.4 1,160.4 1,182. 9 1,201.4

1,075.0 1,142. 0 1,124.2 1,139.5 1,150.4

891.4860.825.05.6

38.9144.6

956.0927.023.85.2

40.2145.8

4. 9 6. 7

955.3 1,017.

950.4 1,010.7

766.9740.626.338.9

144.6

4.9

824.7799.225.540.2

145.8

6.7

4 1

939.2910. 624.24.5

40.1144. 9:

6.8

003.1

953.7926.023.14.5

40.3145.5

6.4

1,016.51,

811.3785.5;25.840.1

144.9

6.8

824.3799.325.040.3

145.5

5.4

964.2934.223.07.0

40.0146.2

7.0

996.3 1,010.1 1,016.5 1,019.8 1,040.7

830.3805.824.540.0

146.4

7.0

1,153.9 1,175.2 1,193.6

937.224.84.9

40.6146.4

6.5

832.8806.326.540.6

146.4

6.5

988.2959.225.63.4

40.6146.5

7.7 7.8

023.5 1,026.3 1,048.4 1,069.0

1,005. 7979. 925.4

.541.2

146.7

853.7826.427.340.6

146.5

7.7

1,061.2

873.3846.4

26.941.2

146.7

7.8

1. Equals GNP in constant dollars measured as the sum of final products less GNP inconstant dollars measured as the sum of gross product by industry. The quarterly estimatesare obtained by interpolating the annual estimates with the statistical discrepancy deflatedby the implicit price deflator for gross domestic business product.

NOTE.— Table 6: The industry classification within the business sector is on an establish-ment basis and is based on the 1972 Standard Industrial Classification.


Less: Capital consumptionallowances with capi-tal consumption ad-justment

Equals: Net national product..

Less: Indirect business taxand nontax liabilityplus business transferpayments less subsi-dies plus current sur-plus of governmententerprises

Residual


1,202.1 1,274.7 1,256.0

122.2

1,079. 9 1

118.9

5.6

955.3

126.0! 125.0

,148.71,131.0

126.1

5.2

1,017.4

123.4

4.5

1,003.1

1,271.5

125.6

1,145.9 1

124.9

4.5

1,016.5 1,

1,283.7

126.3

1,157.4

126.9

7.0

1,023.5

1,287.4

127.0

1,160.4

129.2

4.9

1,026.3

1,311.0 1,330.6 Footnotes for tables 2 and 3.

128.0

1,182. 9 1

131.1

3.4

1,048.4

129.2

, 201.4

1 Equals GNP in constant dollars measured as the sum of final products less GNP inconstant dollars measured as the sum of gross product by industry. The quarterly estimatesare obtained by interpolating the annual estimates with the statistical discrepancy deflatedby the implicit price deflator for gross domestic businss product.

NOTE —Table 2* "Final sales" is classified as durable or nondurable by type of product."Change in business inventories" is classified as follows: For manufacturing, by the type ofproduct produced by the establishment holding the inventory; for trade, by the type ofproduct sold by the establishment holding the inventory; for construction, durable; and forother industries, nondurable. L ,,. , ,, .

Table 3: The industry classification within the business sector is on an establishment basisand is based on the 1972 Standard Industrial Classification.

131.9

.5

1,069.0


August 1977 SUKVEY OF CUEKENT BUSINESS

1975 1976

1976

II III IV

1977

II


Billions of dollars

Table 7.—National Income by Type of Income (1.13)

National income

Compensation of employees—

Wages and salariesGovernment and Govern-

ment enterprisesOther

Supplements to wages andsalaries

Employer contributionsfor social insurance

O ther labor income

Proprietors' income with in-ventory valuation and capi-tal consumption adjustments.

Farm__Proprietors' income with

inventory valuation ad-justment and withoutcapital consumption ad-justment

Capital consumption ad-justment

NonfarmProptietors' income with-

out inventory valuationand capital consump-tion adj ustments

Inventory valuation ad-justment

Capital consumption ad-justment

Rental income of persons withcapital consumption adjust-ment

Rental income of personsCapital consumption ad-

justment

Corporate profits with inven-tory valuation and capitalconsumption adjustments

Corporate profits with in-ventory valuation adjust-ment and without capitalconsumption adjustment..

Profits before taxProfits tax liabilityProfits after t ax .

Dividends. .Undistributed profits.

Inventory valuation ad-justment

Capital consumption adjust-ment

Net interest

Addenda:Corporate profits with inven-

tory valuation and capitalconsumption adjustments:

Profits after t ax .Undistributed profits

,217.0

930.3

805.7

175.4630.3

124.6

59.864.9

1,364.1

., 036.3

891.8

187.2704.

144.5

68.675.9

86.0

23.2

26.8

- 3 . 662.8

63.4

- 1 . 2

.6

22.3

36.8

-14 .5

99.3

111.5123.550.273.432.441.0

-12 .0

-12 .2

79.1

49.116.

88.0

18.6

22.8

- 4 . 269.4

70.4

- 1 . 3

.3

23.3

40.0

-16 .

128.1

142.7156.964.92.135.856.4

-14 .1

-14 .

63.327.6

0 1,321.

999.

861.5

182.7678.8

138.1

66.471.7

86.9

20.0

24.1

- 4 .66.9

67.6

- 1 . 0

23.0

-15 .9

126.5

141153.563.190.33.656.8

-12 .4

-14 .6

85.0

63.429.8

,353.

,024.

882.4

185.4697.0

142.5

68.074.5

90.4

21.6

25.8

- 4 . 268.8

70.1

- 1 . 5

22.9

39.4

-16 .4

129.

143.7159.266.193.135.058.1

-15 .5

-14 .6

86.5

63.128.0

6 1,379.

,046.

900.2

5 1

188.2712.0

146.3

69.177.3

86.2

16.2

20.3

- 4 . 270.0

70.

- 1 . 1

.4

23.3

40.3

-16 .9

133.5

148.2159.965.994.036.058.0

- 1 1 .

-14 .

90.1

67.631.6

,402.1

, 074.2 1

923.2

192.5730.7

150.9

70.980.0

88.7

16.6

20.8

- 4 . 272.0

1,450.

,109.9

951.3

194.8756.4

158.6

75.483.2

73.2

- 1 . 7

.5

24.1

41.5

-17 .3

123.1

137.9154.863.990.938.452.

-16 .9

-14 .8

92.0

59.220.8

2 1

95.1

20.7

25.0

- 4 . 274.3

76.1

- 2 . 0

.3

24.5

42.9

-18 .4

125.4

141.0161.764.497.238.558.8

-20 .6

-15 .6

95.3

61.022.5

,505.1

1,144.7

197.2783.6

163.8

77.186.7

97.0

19.7

24.2

- 4 . 577.3

78.9

- 1 . 7

24.9

44.6

-19 .7

139.7

155.6173.469.3

104.140.363.8

-17 .8

-15 .9

70.330.1

Table 8.—Gross Domestic Product of Corporate Business (1.15, 7.8)

Gross domestic productof corporate business. . .

Capital consumption allow-ances with capital consump-tion adjustment

Net domestic productIndirect business tax and

nontax liability plus busi-ness transfer payments lesssubsidies

Domestic incomeCompensation of employ-

eesWages and salariesSupplements to wages

and salaries

919.2 1,041.9 1,007.0 1,033.9 1,056.6 1,070.1 1,103.3 1,149.4

101.7

817.5

99.9

717.6

612.9523.0

111.8

930.1

108.3

821.8

690.4585.9

104.5

108.7

104.7

793.7

664.6564.8

99.8

110.4

923.4

107.7

815.8

683.0579.9

103.1

112.9

943.7

109.2

834.6

592.1

105.9

115.2

954.9

111.9

843.0

715.9606.9

109.0

117.6

985. 7 1

115.0

870.7

743.1628.4

114.8

119.4

., 029. 9

117.4

912.5

770.9651.8

119.1

1975 1976

1976

I II III IV

1977

I II


BiUions of dollars

Table 8.—Gross Domestic Product of Corporate Business—Con.

Corporate profits with inventoryvaluation and capital consump-tion adjustments _

Profits before taxProfits tax liabilityProfits after tax

Dividends.Undistributed profits

Inventory valuation adjustment-Capital consumption adjust-

ment

Net interest .

Gross domestic product of fin-ancial corporate business 1

Gross domestic product of non-financial corporate bus ines s . . .

Capital consumption allowances withcapital consumption adjustment

Net domestic product _Indirect business tax and nontax

liability plus business transferpayments less subsidies _ _

Domestic incomeCompensation of employees

Wages and salaries...Supplements to wages and

salariesCorporate profits with inven-

tory valuation and capitalconsumption adjustmentsProfits before tax —Profits tax liabilityProfits after taxDividends. _Undistributed profits

Inventory valuation adjustmentCapital consumption adjust-

ment

Net interest

Gross domestic product of non-financial corporate business


Net domestic productIndirect business tax and nontax

liability plus business transferpayments less subsidies _ _

Domestic income _ _.

117.450.267.229.437.9

-12.0

•12.2

11.6

44.0

875.2

97.3

778.0

92.1

685.8576.6492.7

83.9

78.3102.340.861.6

Current-dollar cost and profitper unit of constant-dollar grossdomestic product 2


Net domestic productIndirect business tax and nontax

liability plus business transferpayments less subsidies. _ —

Domestic incomeCompensation of employeesCorporate profits with inventory

valuation and capital consump-tion adjustments

Profits tax liabilityProfits after tax with inven-

tory valuation and capital con-sumption adjustments

Net interest

29.032.5

-12.0

-12.0

30.9

119 9148.764.784.031.852.2

-14.1

-14.7

11.4

51.0

991.0

107.0

884.0

784.6650.3552.6

97.7

101.9130.653.776.932.444.

-14.1

117.8144.963.181.827.54.0

-12.4

-14.6

11.2

-14.5

32.4

48.6

958.4

104.0

854.4

96.1

758.3626.1532.8

93.3

100.2127.052.174.928.346.5

-12.4

-14.3

31.9

121.5151.666.185.531.454.1

-15.5

-14.6

11.3

50.3

983.6 1,004.7 1,017.

105.6

877.9

779.1643.3546.9

103.6133.555.178.432.146.3

-15.5

-14.4

32.2

125.1151.465.985.532.453.1

-11.7

-14.7

11.5

52.0

115.4147.163.983.235.547.7

-16 .

-14.8

11.7

52.9

108.0

896.7

100.0

796.6657.3558.2

99.1

106.8133.054.878.233.245.0

-11.7

-14.5

32.6

115.3151.664.487.234.552.7

-20.6

-15.6

12.2

110.

907.0

102.5

804.5674.4572.3

102.0

97.1128.752.76.036.040.0

-14. '

33.0

54.0

1,049.3 1

112.5

936.8

105.3

831.6700.6593.1

107.5

132.452.879.535.244.3

-16 .9^20.6

-15.5

34.6

128.9162.669.393.336.556.8

-17.8

-15.9

12.7

55.2

1,094.2

114.2

980.0

107.5

872.6727.4615.7

111.7

109.1142.757.485.337.248.0

-17.8

-15.8

36.1


678.9

72.9606.0

78.3527.7

731.0

74.9656.1

82.9573.2

719.4

74.5644.9

81.3563.6

731.3

74.7656.6

82.3574.2

736.6

75.0661.6

83.1578.5

736.5

75.3661.3

84.7576.6

753.3

75.8677.5

86.0591.5

771.3

76.5694.8

86.2

Dollars

1.289

.1431.146

.136

1.010.849

.115

.060

.055

.045

1.356

.1461.209

.136

1.073

.139

.073

.066

.044

1.332

.1451.188

.134

1.054.870

.139

.072

.067

.044

1.345

.1441.201

.135

1.065.880

.142

.075

.066

.044

1.364

.1471.217

.136

1.081.892

.145

.074

.071

.044

1.381

.1501.231

.139

1.092.916

.132

.072

.060

.045

1.393

.1491.244

.140

1.104.930

.128

.070

.058

.046

1.419

.1481.271

.139

1.131.943

.141

.074

.067

.047

1 Consists of the following industries: Banking; credit agencies other than banks; securityand commodity brokers, dealers, and services; insurance carriers; regulated investmentcompanies; small business investment companies; and real estate investment trusts.

2. Equals the deflator for gross domestic product of nonfinancial corporate business withthe decimal point shifted two places to the left.



1975 1976

1976

I II III IV

1977

I II


Billions of dollars

Table 9.—Auto Output in Current and Constant Dollars (1.16, 1.17)

Auto output.

Final salesPersonal consumption ex-

pendituresNew autosNet purchases of used

autosProducers' durable equip-

mentNew autos.New purchases of used

autos.Net exports

ExportsImports

Government purchases ofgoods and services

Change in business inven-tories of new and usedautos

NewUsed

Addenda:Domestic output of new

autos iSales of imported new autos 2 . .

Auto output .



autos.Producers' durable equip-

mentNew autosNet purchases of used

autosNet exports

ExportsImports



NewUsed


autos 1

Sales of imported new autos 2_

46.2

47.540.7

30.0

10.7

7.912.9

- 5 . 0- 1 . 6

5.57.1

. 6

- 1 . 4- 1 . 8

.4

37.210.5

62.9

61.855.0

39.2

15.8

8.815.7

- 7 . 0- 2 . 6

6.48.9

. 6

1.01.00

50.511.5

61.1

59.552.7

38.9

13.8

9.015.1

- 6 . 2- 2 . 8

6.18.9

.6

1.61.2.5

50.110.3

63.5

61.654.5

39.5

15.0

8.915.6

- 6 . 7- 2 . 5

6.59.1

.6

1.91.8.1

51.011.6

60.9

61.454.8

37.8

16.9

8.415.5

- 7 . 1- 2 . 4

6.48.8

.6

- . 50

- . 6

48.211.6

66.1

64.958.1

40.8

17.3

8.716.6

- 7 . 9- 2 . 6

6.49.0

.6

1.21.0. 2

52.612.6

74.1

73.065.0

45.8

19.2

9.818.8

- 9 . 0- 2 . 5

7.19.6

.7

1.01.3

- . 3

60.414.0

73.2

73.3

65.1

47.3

17.810.319.5

- 9 . 2- 2 . 8

7.310.1

. 7

- . 1- . 7

59.416.9


39.

40.

33.26.

7.

8

9

60

5

7.411.2

- 3

45

- 1- 1

329

8573

5

143

31

50.

49.

41.32.

9.

1

4

61

5

8.312.9

- 4 .— 1.

5.6.

0*

419

6022

5

77

34

49.

48

41.32.

9.

9

9

33

1

8.212.6

- 4 . 4- 1 . 1

5.16.2

1

5

073

41.78.5

51.

49.

41.32.

9.

1

8

86

2

8.512.9

- 4 . 4- 1 . 0

5.46.4

11

5

321

42.19.5

48.2

48.6

40.930.9

10.0

8.112.7

- 4 . 6- . 95.36.2

.5

- . 4- . 1- . 4

39.49.5

51.

50.

42.32.

9.

2

3

57

8

8.313.3

- 5 . 0- 1 . 0

5.16.1

5

.981

42.110.1

56.8

55.8

46.536.3

9.614.9

- 5 . 3- 1 . 0

5.66.6

1.11.2

- . 1

47.811.1

56.4

56.1

46.637.1

9.4

10.015.3

- 5 . 3- 1 . 1

5.76.8

.6

- . 1.3

46.613.3

1. Consists of final sales and change in business inventories of new autos produced in theUnited States.

2. Consists of personal consumption expenditures, producers' durable equipment, andgovernment purchases.

3. Consists of agriculture, forestry, and fisheries; mining; contract construction; and man-ufacturing.

4. Consists of transportation; communication; electric, gas, and sanitary services; andtrade.

5. Consists of finance, insurance, and real estate; services; and rest of the world.

NOTE.—Table 10: The industry classification of wage and salary disbursements and pro-prietors' income is on an establishment basis and is based on the 1972 Standard IndustrialClassification.

1975 1976

1976

II III I V

1977

II


Billions of dollars

Table 10.—Personal Income and

Personal income _

Wage and salary disburse-ments. .

Commodity-producing in-dustries 3 . .

ManufacturingDistributive industries 4 . . .Service industries 5

Government and govern-ment enterprises. .

Other labor income

Proprietors' income with in-ventory valuation andcapital consumption ad-justments .

FarmNonfarm

Rental income of personswith capital consumptionadjustment

Dividends

Personal interest income

Transfer payments

Old-age, survivors, disa-bility, and health insur-ance benefits

Government unemploy-ment insurance benefits.

Veterans benefitsGovernment employees

retirement benefitsAid to families wi th de-

pendent children.Other

Less: Personal contribu-tions for social insurance..

Less: Personal tax and nontaxpayments

Equals: Disposable personalincome

Less: Personal outlays

Personal consumption ex-penditures

Interest paid by consumersto business

Personal transfer paymentsto foreigners (net)

Equals: Personal saving

Addenda:Disposable personal income:

Total, billions of 1972 dollars

Per capita:Current dollars1972 dollars

Population (millions)

Personal saving as percentageof disposable personal in-come

,253.4

805.7

275.0211.0195.4159.9

175.4

64.9

86.0

23 262 8

22.3

32.4

115.6

176.8

81.4

17.414.5

22.6

9.231.7

50.4

169.0

1,084.4

1,004.2

980.4

22.9

g

80.2

857.3

5,0774 014

213.6

7.4

,382.7

891.8

308.5238.2217.1179.0

187.2

75.9

88.0

18.669 4

23.3

35.8

130.3

192.8

92.9

15.714.4

25.7

9.934.3

55.2

196.9

1,185.8

1,119.9

1, 094.0

25.0

g

65.9

890.3

5,5114,137

215.2

5.6

338 1

861.5

298.6230.6208.2172.0

182.7

71.7

86.9

20.066.9

23.0

33.6

125.0

190.3

88.1

17.515.9

24.5

9.834.6

53.9

184.8

1,153.3

1,080.9

1,056. 0

23.8

1.0

72.4

881.5

5,3744,107

214.6

6.3

Its Disposition (2.1)

366 7

882.4

306.7236.7213.7176.6

185.4

74.5

90.4

21.668 8

22.9

35.0

127.5

188.7

89.3

15.014.4

25.7

9.934.5

54.8

192.6

1,174.1

1,103.8

1, 078.5

24.4

9

70.3

887.8

5,4624,130

214.9

6.0

393 9

900 2

310.8240.2220.2180.9

188.2

77.3

86.2

16.270 0

23.3

36.0

132.3

194.3

95.8

15.113.6

26.1

10.033.8

55.6

200.6

1,193.3

1,128.5

1,102.2

25.5

.9

64.8

890.7

5,5404,135

215.4

5.4

432 2

923 2

317.7245.1226.4186.7

192.5

80.0

88.7

16.672 0

24.1

38.4

136.4

198.0

98.4

15.013.9

26.4

10.034.3

56.6

209.5

1,222.6

1,166.3

1,139.0

26.3

1.0

56.3

901.5

5,6654,177

215.8

4.6

476 8

951 3

329.0:

255.4 i234.5'193.0,

194 8J

83.2

95.1

20.774 3

24.5

38.5

140.3

203.5

99.9

15.114.3

27.1

10.037.0

59.6

224.4

1,252.4

1,201.0

1,172.4

27.5

1.1

51.4

908.4

5,7934,202

216.2

4.1

1 517 2

980 9

345.4265.9240.5197.7

197 2

86 7

97.0

19.777 3

24.9

40.3

145.4

203.0

101.8

12.313.7

28.4

10.236.6

60.8

224.8

1,292.5

1,223.9

1,194. 0

28.9

1.0

68.5

924.5

5,9674,268

216.6

5.3


August 1977 SUEVEY OF CUEEENT BUSINESS

1975 1976

1976

I II III IV

1977

I II



1975 1976

1976

I II III IV

1977

I II



Table 11.—Personal Consumption Expenditures by Major Type of Product in Current and Constant Dollars (2.3, 2.4)

Personal consumption expenditures

Durable goodsMotor vehicles and partsFurniture and household equipment. _.Other

Nondurable goodsFoodClothing and shoesGasoline and oilFuel oil and coalOther

ServicesHousingHousehold operation

Electricity and gasOther

TransportationOther

980.4

132.953.958.021.0

409.3209.570.239.110.180.4

438.2150.864.229.035.232.2

191.0

1,093.9

158.971.963.923.1

442.7225.576.341.412.087.6

492.3167.973.033.339.636.8

214.6

1,056.0

153.368.862.022.5

430.4219.374.240.611.485.1

472.4161.569.531.538.034.8

206.6

1,078.5

156.771.063.022.7

437.1223.974.340.311.387.5

484.6166.270.431.439.136.3

211.8

1,102.2

159.372.163.923.3

444.7227.076.941.212.087.7

498.2170.473.132.840.337.6

217.1

1,139.0

166.375.766.524.1

458.8232.079.943.513.390.0

513.9173.778.837.641.238.7

222.8

1,172. 4

177.085.367.424.2

466.6237.979.344.113.791.6

528.8177.680.738.742.039.5

230.9

1,194.0

178.684.569.324.8

474.4244.880.444.312.392.5

541.1181.979.236.143.140.5

239.4

775.1

112.745.149.817.8

307.6151.961.524.85.1

64.2

354.8129.350.120.629.528.4

146.9

821.3

127.555.752.819.0

321.6159.764.725.25.7

66.4

372.2136.352.721.631.128.9

154.3

807.2

125.455.151.718.7

316.1156.163.925.05.5

65.6

365.6133.851.621.330.328.7

151.5

815.5

126.755.752.218.7

319.3158.663.425.15.4

66.7

369.6135.851.620.730.928.8

153.3

822.7

127.155.452.719.0

321.5160.164.724.95.6

66.2

374.0137.352.521.031.529.0

155.2

839.8

130.756.754.619.5

329.4163.966.825.66.1

67.1

379.7138.255.123.431.829.1

157.3

850.4

136.962.754.819.4

329.7165.465.525.85.9

67.1

383.8139.255.823.632.229.2

159.6

854.1

137.962. 155.919.8

330.0166.466.025.65.1

66.9

386.3140.354.621.732.929.3

162.0

1975 1976

1976

I II III IV

1977

I II


Billions of dollars

Table 12.—Federal Government Receipts and Expenditures (3.2)

Receipts-.

Personal tax and nontax receipts.Income taxesEstate and gift taxesNontaxes.

Corporate profits tax accruals

Indirect business tax and nontaxaccruals

Excise taxesCustoms duties 1

Nontaxes.

Contributions for social insurance

Expenditures

Purchases of goods and servicesNational defense

Compensation of, employeesMilitary. . . . . . . .Civilian.

Other

NondefenseCompensation of employees.Other

Transfer payments..To personsTo foreigners

Grants-in-aid to State and localgovernments

Net interest paidInterest paid

To persons and businessTo foreigners

Less: Interest received by Govern-ment

Subsidies less current surplus ofGovernment enterprises

SubsidiesLess: Current surplus of Govern-

ment enterprises

Less: Wage accruals less disburse-ments

Surplus or deficit (—), nationalIncome and product accounts..

Social insurance fundsOther funds __.

286.9

125.6120.6

4.9.1

43.1

24.016.45.9

1.7

94.2

357.1123.383.940.223.16.643.7

39.418.820.6

149.1146.1

3.1

54.6

23.327.122.64

3.

4.

-2 .0

-70 .2

-12.7-57.6

332.3

147.3141.6

5.6.1

55.9

23.416.94.61.9

105.7

386.3

130.186.841.624.117.645.2

43.320.822.6

162.0158.8

3.2

61.0

27.232.227.7

4,

5.0

5.95.

-54 .0

-12 .5-41.5

318.4

138.0132.7

5.2.1

54.4

22.716.74.3

1.7

103.2

378.7127.686.341.323.917.445.1

41.320.221.1

160.2157.1

3.0

58.5

26.230.926.54.4

4.

6.25.7

-60 .3

-12 .1-48 .3

329.1

143.9138.5

5.3.1

57.0

23.216.74.61.

105.0

375.3

128.586.041.123.817.444.9

42.520.522.0

157.8155.0

2.7

56.8

26.31.827.54.4

5.

5.55.4

-46.!

- 8 . 9-37 .

337.1

150.3144.5

5.7.1

56.9

23.717.04.81.9

106.2

390.6

130.286.441.223.817.345.2

43.820.723.2

163.9160.0

3.9

63.1

27.332.28.14.6

5.4

-53 .5

-13 .9-39 .6

344.5

157.1150.7

6.3.1

55.1

23.817.34.52.0

108.4

400.4

134.288.443.024.818.245.4

45.821.724.0

166.3163.1

3.2

65.5

28.533.428.4.

4.9

6.05.9

- . 1

-55 .9

-15 .0-40.9

364.9

170.0157.9

11.9.1

55.4

24.217.25.02.0

115.4

403.7

136.389.743.324.818.546.4

46.722.124.6

170.7167.8

2.9

62.0

28.634.129.24.9

5.5

6.16.3

-38 .8

-10.0-28 .8

370.9

168.6163.2

5.3.1

59.6

24.617.35.42.1

118. 1

411.5

143.693.443.324.718.550.2

50.222.228.0

169.3166.4

2.9

63.6

29.135.129.95.2

6.0

5.96.1

.3

-40 .6

- 7 . 9

1975 1976

1976

I II III IV

1977

• I -Seasonally adjusted at annual rates

Billions of dollars

Table 13.—State and Local Government Receipts and Expendi-tures (3.4)

Receipts .

Personal tax and nontax receiptsIncome taxesNontaxesOther

Corporate profits tax accruals

Indirect business tax and nontaxaccruals

Sales taxesProperty taxesOther

Contributions for social insurance

Federal grants-in-aid

Expenditures

Purchases of goods and services.Compensation of employees. _.Other

Transfer payments to persons

Net interest paidInterest paidLess: Interest received by Govern-

ment

Subsidies less current surplus ofgovernment enterprisesSubsidiesLess: Current surplus of govern-

ment enterprises

Less: Wage accruals less disburse-ments

Surplus or deficit (—), nationalincome and product accounts_.

Social insurance fundsOther funds

235.7

43.422.814.46.2

7.1

114.751.452.311.0

15.

54.6

229.8

215.6

264.7

49.626.816.06.8

8.9

127.157.357.612.3

18.1

61.0

246.2I

231.2119.2' 129.296.4; 102.0

23. 8; 25.9

- 5 . 210.7

15.9

- 4 . 5.2

4.6

5.9

12.1- 6 . 2

- 5 . 711.6

17.3

- 5 . 2.2

5.4

18.4

14.53.9

253.8

46.824.815.46.5

8.6

122.755.555.511.7

17.2

58.5

240.5

225.9125.4100.6

25.3

- 5 . 611.3

16.9:

258.4

48.726.115.86.7

9.1

126.057.156.912.0

269.0

50.327.116.37.0

9.0

128.157.358.212.5

17. 8j 18. 5

56. 8' 63.1

245.5

230.4128.1102.3

25.8

- 5 . '11.5

17.2

- 5 . 1 - 5 . 0.2 .2

5.3, 5. 2

13.3

13.7

12.9

14.4-.4". - 1 . 5

247.9

232.7130.7

26.2

- 6 . 011.7

17.6

- 5 . 1.2

5.3

21.1

14.86.2

277.5

52.529.016.37.1

8.8

281.0' 288.0

54.4!30.316.87.3

9.0

131.7 135.959.11 61.759.712.9

19.1

65.5

251.1

235.8132.8103.1

26.5

- 5 . 712.0

17.7

- 5 . 5

5.8

26.5

15.211.3

61.013.2

19.5

62.0

253.7

238.5135.1103.4

27.0

- 6 . 212.1

18.3

- 5 . 7.3

6.0

27.3

15.411.9

1. Includes fees for licenses to import petroleum and petroleum products.

56.231.417.27.5

9.7

138.663.162.113.5

19.9

63.6

262.6

247.0137.6109.4

- 6 . 312.4

- 5 . 7. 3

6.0

25.4

15.59.9



1975 1976

1976

II III I V

1977


Billions of dollars

Table 14.—Foreign Transactions in the National Income andProduct Accounts (4.1)

Receipts from foreigners.

Exports of goods and services..MerchandiseOther

Capital grants received by theUnited States (net)

Payments to foreigners..

Imports of goods and services..MerchandiseOther

Transfer payments (net)From persons (net)From government (net)

Interest paid by governmentto foreigners

Net foreign investment..

147.3

147.3107.140.2

0

147.3

126.998.028.9

4.0.9

3.1

4.5

11.8

162.9

162.9114.748.2

0

162.9

155.1123.931.1

4.2.9

3.2

4.5

- . 9

153.9

153.9108.045.9

0

153.9

143.7113.330.4

4.11.03.0

4.4

1.8

160.6

160.6113.547.1

0

160.6

150.4119.730.7

3.7.9

2.7

4.4

2.2

168.4

168.4118.450.0

0

168.4

160.6129.531.0

4.8.9

3.9

4.6

- 1 . 5

168.5

168.5118.949.7

0

168.5

165.6133.232.4

4.21.03.2

4.7

- 5 . 9

170.4

170.4117.952.5

0

170.4

178.6145.832.8

4.01.12.9

4.9

-17.1

178.0

178.0122.155.9

0

178.0

187.8153.334.5

3.91.02.9

5.2

-18.9

Table 15.—Gross Saving and Investment (5.1)

Gross saving.

Gross private savingPersonal savingUndistributed corporate

profits with inventoryvaluation and capitalconsumption adjust-ments

Undistributed profitsInventory valuation ad-

justmentCapital consumption ad-

justmentCorporate capital consump-

tion allowances withcapital consumption ad-justment

Noncorporate capital con-sumption allowances withcapital consumption ad-justment

Wage accruals less disburse-ments _

Government surplus of defi-cit(—), national income andproduct accounts

FederalState and local

Capital grants received by theUnited States (net)

Gross investmentGross private domestic invest-

mentNet foreign investment

Statistical discrepancy.

195.1

259.480.2

16.741.0

-12.0

-12.2

101.7

60.8

0

-64.3-70.2

5.9

0

201.0

189.111.8

5.9

237.0

272.565.9

27.656.4

-14 .1

-14.7

111.8

67.2

0

-35.6-54.0

18.4

0

242.5

243.3- . 9

5.5

228.9

276.072.4

29.856.8

-12.4

-14.6

108.7

65.1

0

-47 .1-60.3

13.3

0

233.1

231.31.8

4.2

242.1

275.470.3

28.058.1

-15.5

-14.6

110.4

66.6

0

-33.3-46.2

12.9

0

246.5

244.42.2

4.5

244.8

277.264.8

31.658.0

-11.7

-14.7

112.9

68.0

0

-32.4-53.5

21.1

0

252.8

254.3- 1 . 5

8.0

232.2

261.656.3

20.852.5

-16.9

-14.8

115.2

69.2

0

-29.4-55.9

26.5

0

237.5

243.4- 5 . 9

5.3

251.4

262.951.4

22.558.8

-20.6

-15.6

117.6

71.4

0

-11.5-38.8

27.3

0

254.7

271.8-17.1

3.3

276.7

291.968.5

30.163.8

-17.8

-15.9

119.4

-15.2-40.6

25.4

0

276.0

294.9-18.9

n

1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventoriescalculated from current-dollar inventories shown in this table is not the current-dollar changein business inventories (CBI) components of GNP. The former is the difference between twoinventory stocks, each valued at end-of-quarter prices. The latter is the change in the physicalvolume of inventories valued at average prices of the quarter. In addition, changes calculatedfrom this table are at quarterly rates, whereas CBI is stated at annual rates.

2. Quarterly totals at annual rates.3. Equals ratio of nonfarm inventories to final sales of business. These sales include a small

amount of final sales by farms.

NOTE.—Table 16: Inventories are classified as durable or nondurable as follows: For manu-facturing, by the type of product produced by the establishment holding the inventory; fortrade, by the type of product sold by the establishment holding the inventory; for construc-tion, durable; and for other nonfarm industries, nondurable. The industry classification isbased on the 1972 Standard Industrial Classification.

Table 17: The industry classification of compensation of employees, proprietors' income,and rental income is on an establishment basis; the industry classification of corporate profitsand net interest is on a company basis. The industry classification of these items is basedon the 1972 Standard Industrial Classification.

1975 1976

1976

II I I I I V

1977


Billions of dollars

Table 16.—Inventories and Final Sales of Business in Current andConstant Dollars (5.9, 5.10)

Inventories1 436.2 449.1 455.5 461.5 478.6 482.5

Farm

NonfarmDurable goodsNondurable goods..

ManufacturingDurable goodsNondurable goods..

Wholesale tradeDurable goodsNondurable goods..

Retail tradeDurable goodsNondurable goods..

Other.

Final sales 2_

Ratio of inventories tofinal sales

Nonfarm 3

Inventories

Farm.

NonfarmDurable goodsNondurable goods..

ManufacturingDurable goodsNondurable goods..

Wholesale tradeDurable goodsNondurable goods

Retail tradeDurable goodsNondurable goods..

Other

Final sales K

Ratio of inventories tofinal sales

Nonfarm 3

63.9

372.3209.0163.4

190.7121.469.3

42.827.0

75.733.142.6

36.2

65.7

383.4213.8169.6

196.3124.172.1

72.844.328.5

77.733.644.1

36.5

1,381.3 1,415.0 1,441.5

.316 .317

.270 .271

61.3

394.2220.9173.3

201.127.574.2

74.345.628.7

80.435.844.5

37.9

.316

.273

59.8

401.7225.8175.9

206.1130.875.3

75.246.029.2

81.236.5

44.7

39.1

1,486.1

.311

.270

62.8

415.8231.4184.4

210.8133.177.8

78.847.531.2

86.038.2

47.8

40.2

1,518.5

.315

.274

60.0

422.5235.0187.6

213.7134.479.3

79.548.830.7

88.539.049.5

40.8

1,564.7

.270


294.3

42.7

251.7144.4107.3

124.481.442.9

47.30.417.5

55.924.531.4

23.5

1,054.5

.279

.239

297.4

42.1

255.2145.6109.6

126.182.044.1

49.031.018.0

56.724.632.1

23.5

1,067.

.279

.239

300.8 300.4 302.8

2 1

42.0

258.8147.4111.4

127.782.445.3

49.831.518.3

58.025.732.3

23.4

, 076.6

.279

.240

41.4

259.0147.4111.6

128.182.745.4

49.731.218.5

57.725.632.0

23.6

1,095.7

.274

.236

41.3

261.5148.8112.7

128.783.045.7

50.531.818.7

58.826.132.7

23.5

1,106.5

.274

.236

306.1

41.2

264.9150.7114.2

130.383.846.4

51.132.418.6

60.026.433.6

23.6

1,121.7

.273

.236

Table 17.—National Income Without Capital Consumption Ad-justment by Industry (6.4)

National income with-out capital consump-tion adjustment

Domestic income

Agriculture, forestry, andfisheries

Mining and construction

ManufacturingNondurable goods..Durable goods

TransportationCommunication.Electric, gas, and santiary

services

Wholesale and retail trade..WholesaleRetail

Finance, insurance, and realestate

ServicesGovernment and govern-

ment enterprises

Rest of the world.

1,246.7

1,236.2

42.779.7

311.5127.1184.4

44.527.1

24.4

195.482.4

113.0

143.1168.2

199.5

10.5

1,399.

1,384.9

40.887.1

365.0146.9218.1

50.630.9

25.9

220.791.1

129.6

160.8188.2

214.9

14.4

3 1,355.3

1,341.1

41.284.5

353.9145.6208.3

48.129.6

25.8

211.988.3

123.6

155.1181.6

209.3

14.2

1,388.9

1,375.3

43.586.7

365.3145.5219.8

50.530.2

26.1

216.089.8

126.2

158.3186.0

212.7

13.5

1,415.0

1,399.7

38.787.5

148.2221.7

51.731.4

225.593.7

131.8

163.1189.5

216.0

15.3

9 1,1,437.

1,423.4

39.889.5

370.8148.3222.6

52.132.5

25.4

229.592.7

136.8

166.8195.5

221.4

14.4

1.0 1,490.

1,472.4 1,

45.490.7

386.5152.4234.1

53.233.3

28.0

234.894.6

140.1

173.0202.5

225.0

17.6

[,545.2

L, 526.9

18.3


August 1977 SURVEY OF CURRENT BUSINESS 11

1975 1976

1976

I II III IV

1977

I II



Table 18.—Corporate Profits by Industry (6.18)

Corporate profits withinventory valuationand capital consump-tion adjustment. _.

Domestic industriesFinancial !

Nonfinancial

Res t of the world

Corporate profits withinventory valuationadjustment and with-out capital consump-tion adjustment

Domestic industriesFinancial l

Federal Reserve banksOther

NonfinancialManufacturing

Nondurable goodsFood and kindred

productsChemicals and allied

productsPetroleum and coal

productsOther

Durable goodsPrimary metal indus-

triesFabricated metal

productsMachinery, except

electricalElectric and elec-

tronic equipmentMotor vehicles and

equipmentOther

Wholesale and retail tradeTransportation, communi-

cation, and electric,gas, and sanitaryservices

Other

Rest of the world

Corporate profits beforededuction of capitalconsumption allow-ances with inventoryvaluation adjustment-.

Domestic industriesFinancial »

Federal Reserve banksOther

NonfinancialManufacturing

Nondurable goodsFood and kindred

productsChemicals and allied

productsPetroleum and coal

productsOther

Durable goodsPrimary metal indus-

triesFabricated metal

productsMachinery, except

electricalElectric and elec-

tronic equipmentMotor vehicles and

equipmentOther

Wholesale and retail trade.Transportation, com-

munication, and elec-tric, gas, and sanitaryservices

Other . I . . . . . . . .

Rest of the world

99.3

93.114.878.3

6.1

111.5

105.415.05.79.4

90.347.929.47.4

5.9

7.88.4

18.5

3.3

2.9

4.3

2.0

2.04.1

22.1

9.311.0

6.1

201.0

194.819.35.7

13.6

175.685.046.6

10.4

9.8

13.013.4

38.3

6.7

4.5

4.8

5.19.4

31.5

32.626.6

6.1

128.1

119.918.0

101.9

8.1

142.7

134.618.26.0

12.2

116.466.336.48.3

7.4

9.910.8

29.9

2.4

3.5

5.9

3.7

7.27.2

27.1

11.511.5

8.1

239.9

231.822.96.0

16.9

208.9106.355.2

11.7

11.9

15.316.3

51.1

6.1

5.2

6.6

10.712.8

37.4

36.928.3

8.1

126.5

117.817.6

100.2

8.6

141.1

132.417.86.0

11.8

114.665.338.18.7

8.0

10.411.0

27.2

2.9

3.4

5.2

3.1

6.85.8

26.5

11.111.7

8.6

235.2

226.522.36.0

16.3

204.2104.256.3

11.9

12.4

15.716.3

47.9

6.5

5.1

8.9

6.0

10.011.4

36.4

35.628.1

8.6

129.2

121.517.9

103.6

7.6

143.7

136.118.15.9

12.2

118.068.736.27.7

7.8

9.910.9

32.5

3.5

3.8

5.7

3.9

7.87.7

25.5

12.111.7

7.6

239.6

232.022.75.9

16.8

209.3108.054.8

11.0

12.2

15.216.3

53.2

7.2

5.5

9.3

6.8

11.113.3

35.6

37.428.3

7.6

133.5

125.118.3

106.8

8.4

148.2

139.818.45.9

12.5

121.368.437.49.7

7.3

9.311.2

31.0

2.2

3.7

6.3

3.9

7.37.7

29.1

12.211.6

8.4

246.4

238.023.25.9

17.2

214.8108.856.5

13.2

11.9

14.716.8

52.3

6.0

5.4

10.0

6.8

10.813.3

39.6

37.928.5

8.4

123.1

115.418.397.1

7.7

137.9

130.218.46.1

12.3

111.862.933.97.1

6.6

9.910.3

29.0

1.1

3.0

6.6

4.0

6.97.4

27.4

10.411.1

7.7

238.3

230.623.36.1

17.2

207.3104.253.3

10.6

11.2

15.516.0

50.9

4.9

4.7

10.3

7.0

10.813.3

38.1

36.728.4

7.7

125.4

115.319.196.3

10.1

141.0

131.219.26.1

13.1

112.065.534.05.1

7.7

9.212.0

31.5

1.0

3.2

6.8

4.6

8.07.9

24.0

11.611.0

10.1

234.0

224.024.26.1

18.1

199.8107.453.8

8.7

12.5

14.817.9

53.6

4.9

4.9

10.5

7.6

11.913.9

32.0

31.928.5

10.1

139.7

128.919.7

109.1

10.8

155.6

144.819.96.2

13.7

124.9

10.8

259.1

248.325.06.3

18.8

223.3

1975 1976

1976

I II III IV

1977

I II

Seasonally adjusted

Index number, 1972=100

Table 19.—Implicit Price Deflators for Gross National Product (7.1)

Gross national product..

Personal consumption expend-itures

Durable goodsNondurable goods..Services

Gross private domestic invest-ment

Fixed investmentNonresidential

StructuresProducers' durable

Riequipment.esidentiaL.Nonfarm structures....Farm structuresProducers' durable

equipmentChange in business inven-

tories

Net exports of goods andservices

Exports.Imports.


FederalState and local.

127.18

126.5

117.9133.1123.5

132.4132.3145.8

125.9132.8133.2132.9

116.7

163.8188.2

128.9

127.5129.7

133.88

133.2

124.7137.7132.3

139.8138.7150.7

133.1142.5143.0142.9

122.6

170.0194.3

136.7

134.8137.7

131.47

130.8

122.2136.2129.2

136.9136.8148.5

131.2137.1137.5137.4

120.8

165.3188.2

134.0

132.4134.9

133.06

132.3

123.8136.9131.1

138.6137.8150.4

131.9140.7141.0141.3

122.4

168.6190.7

135.7

133.7136.8

134.56

134.0

125.3138.3133.2

140.6139.2150.9

133.9144.1144.5145.3

123.4

172.0198.4

137.2

134.7138.6

136.35

135.6

127.2139.3135.4

142.9140.9152.8

135.4147.5148.0148.9

123.8

174.0199.3

139.8

138.2140.7

138.13

137.9

129.3141.5137.8

145.8142.5156.6

136.5153.7154.3153.7

125.2

175.1207.0

142.3

140.6143.4

140.51

139.8

129.5143.8140.1

148.5144.4159.7

137.7157.6158.2157.7

126.6

180.8210.6

144.6

142.0146.2

Table 20.—Fixed-Weighted Price Indexes for Gross NationalProduct, 1972 Weights (7.2)

Gross national product- _

Personal consumption expend-itures - -

Durable goods . .Nondurable goods -Services

Gross private domestic invest-

Fixed investment.Nonresidential - -

StructuresProducers' durable

equipmentResidential .

Change in business inven-tories

Net exports of goods and serv-ices

ExportsImports


FederalState and local

Addenda:

Final salesGross domestic product

BusinessNonfarm

127.7

127.2

118.2134.4123.7

133.0133.1144.4

126.7132.8

167.1180.7

129.6

129.1130.0

127.6127.3127.7127.7

134.9

134.0

124.8138.9132.6

141.1140.3148.4

135.7142.5

172.4185.2

137.1

136.4137.6

134.8134.4134.7134.7

132.3

131.7

122.4137.5129.5

137.6137.8146.3

132.9137.1

167.2181.4

134.5

134.0134.8

132.2131.9132.1131.7

133.9

133.1

124.0138.2131.5

139.8139.3147.8

134.4140.6

170.8183.1

136.0

135.0136.7

133.9133.5133.8133.3

135.5

134.8

125.3139.6133.7

142.0140.9148.7

136.4144.0

173.9188.8

137.5

136.3138.3

135.4135.1135.3135.2

137.5

136.3

127.3140.4135.6

144.5143.0150.6

138.6147.4

176.2190.6

140.4

140.4140.3

137.4137.1137.1137.2

139.9

138.6

129.3142.7138.1

148.1145.1153.7

140.3153.6

177.8194.5

142.9

142.8142.9

139.8139.4139.4139.4

142.3

140.9

130.0145.3140.6

151.1147.6156.8

142.4157.4

182.6198.7

144.8

143. 6145.7

142.2141.8141.9142.0

1. Consists of the following industries: Banking; credit agencies other than banks; securityand commodity brokers, dealers, and services; insurance carriers; regulated investmentcompanies; small business investment companies; and real estate investment trusts.

NOTE.—Table 18: The industry classification is on a company basis and is based on the1972 Standard Industrial Classification.

10.8



1975 1976

1976

I II III IV

Seasonally adjusted

Index numbers, 1972=100

I

1977

II

Table 21.—Implicit Price Deflators for Gross National Product byMajor Type of Product (7.3)

Gross national product._

Final salesChange in business in-

GoodsFinal salesChange in business in-

ventories

Durable goodsFinal salesChange in business in-

ventories

Nondurable goodsFinal salesChange in business in-

ventories

ServicesStructures . . . . . . .

127.18

127.1

127.4127.1

121.8122.0

131.0130.6

124.7139.7

133.88

133.7

131.7131.4

129.0128.8

133.6133.1

133.8145.8

131.47

131.3

130.2129.9

125.8126.1

133.1132.5

130.6142.5

133.06

132.9

131.4131.0

128.0127.7

133.7133.2

132.5144.8

134.56

134.3

132.2131.7

130.2129.6

133.7133.1

134.7146.6

136.35

136.2

133.1132.9

131.9131.7

134.0133.7

137.1149.1

138.13

138.1

133.8133.7

132.6132.4

134.7134.6

139.6153.6

140.51

140.3

135.9135.3

133.9133.2

137.4136.8

141.9157.1

Table 22.—Implicit Price Deflators for Gross National Product bySector (7.5)

Gross national product..

Gross domestic product

BusinessNonfarm

Nonfarm less housing...Housing

FarmResidual .

Households and institutions.

Government.. .FederalState and local

Rest of the world

127.18

126.8

127.2126.7128.1115.2145.5

129.5

123.2121.6124.1

133.88

133.4

133.5133.3134.6

145.1

139.6

131. 5128.8

131.47

131.0

131.2130.9132.2119.0145.8

135.7

128.9127.1

133.06

132.7

132.8132.2133.5120.7157.5

137.9

130.3127.4131.8

134.56

134.1

134.2134.1135.4122.3141.6

141.1

131.7127.6133.8

136.35

135.9

135.8135.9137.3123.9136.2

143.6

134.9133.2135.7

138.13

137.6

137.3137.1138.4126.5145.6

148.8

136.9134.6138.0

140.51

140.0

139 8139.7141.0128 6145 6

150.6

138.4134.9140.2

Table 23.—Implicit Price Deflators for the Relation of GrossNational Product, Net National Product, and National Income(7.6)


Less: Capital consumption al-lowances with capitalconsumption adjust-ment

Equals: Net national product.._

Less: Indirect business taxand nontax liabilityplus business transferpayments less subsi-dies plus current sur-plus of governmententerprises

Residual


127.18

133.0

126.5

120.6

127.4

133.88

142.1

133.0

125.2

134.1

131.47

139.1

130.6

123. 3

131.7

133.06

140.9

132.2

125.4

133.2

134.56

143.2

133.6

125.2

134.8

136.35

145.3

135.4

126.6

136.6

138.13

147.6

137.1

128.4

138.3

140.51

149.3

139.5

130.5

140.8

1. Consists of final sales and change in business inventories of new autos produced in theUnited States.

2. Consists of personal consumption expenditures, producers' durable equipment, andgovernment purchases.

NOTE.—Table 21 "Final sales" is classified as durable or nondurable by type of product.''Change in business inventories" is classified as follows: For manufacturing, by the type ofproduct produced by the establishment holding the inventory; for trade, by the type of prod-uct sold by the establishment holding the inventory; for construction, durable; and for otherindustries, nondurable.

Tables 22 and 24 The industry classification within the business sector is on an establish-ment basis and is based on the 1972 Standard Industrial Classification.

1975 1976

1976

I II III IV

Seasonally adjusted

Index numbers, 1972 = 100

I

1977

II

Table 24.—Implicit Price Deflators for Net National Product andNational Income by Sector (7.7)

Net national product


Business .Nonfarm -FarmResidual

Households and institutions-Government .

Rest of the world

National income

Domestic income

Business .NonfarmFarm


Rest of the world

126.5

126.1

126.4125.9149.0

129.5123.2

127.4

126.9

127.5127.2134.8

129.5123.2

133.0

132.5

132.4132.1146.1

139.6131.5

134.1

133.5

133.6133.8128.7

139.6131.5

130.6

130.2

130.1129.8147.7

135.7128.9

131.7

131.2

131.3131.4129.7

135.7128.9

132.2

131.8

131.7131.1163.9

137.9130.3

133.2

132.7

132.9132.6142.5

137.9130.3

133.6

133.1

133.0132.9140.9

141.1131.7

134.8

134.2

134.3134.6124.6

141.1131.7

135.4

134.9

134.5134.7132.9

143.6134.9

136.6

136.1

135.9136.5118.4

143.6134.9

137.1

136.5

135.9135.8144.8

148.8136.9

138.3

137.7

137.3137.4133.9

148.8136.9

139.5

138.9

138.5138. 5144.2

150.6138.4

140.8

140.1

139.9140.2129.8

150.6138.4

Table 25.—Implicit Price Deflators for Auto Output (7.9)

Auto output



autosProducers' durable equip-

mentNew autosNet purchases of used

autosNet exports

ExportsImports




autos*Sales of imported new autos 2__

115.9

116.2

121.3115.1

106.4115.0

115.9134.9

118.9

115.2114.9

125.5

125.1

132.1122.3

106.1122.1

121.9143.6

121.8

122.2122.3

122.4

121.6

127.4120.4

109.8120.2

119.4142.6

122.8

120.2120.4

124.1

123.5

130.4121.3

105.5121.1

120.5141.7

120.8

121.1121.3

126.3

126.3

133.8122.5

104.0122.3

122.5143.2

121.2

122.4122.5

129.1

129.1

136.9124.9

105.1124.7

125.3147.2

122.5

124.9124.9

130.3

130.9

139.9126.3

101.5126.1

125.7145.5

119.5

126.2126.3

129.7

130.5

139.7127.4

102.2127.2

127.9148.9

121.5

127.4127.4

Table 26.—Implicit Price Deflators for Personal ConsumptionExpenditures by Major Type of Product (7.11)

Personal consumptionexpenditures

Durable goods

Motor vehicles and partsFurniture and household

equipmentOther -

Nondurable goods

FoodClothing and shoesGasoline and oilFuel oil and coal.Other

Services

HousingHousehold operation

Electricitv and KasOther

TransportationOther

126.5

117.9

119.5

116.5118.0

133.1

137.9114.2157.6197.5125.2

123.5

116.6128.0140.6119.2113.2130.0

133.2

124.7

129.1

120.9122.1

137.7

141.2117.9164.4212.1131.9

132.3

123.2138.4154.3127.4127.5139.0

130.8

122.2

125.0

119.8120.4

136.2

140.5116.1162.0206.2129.7

129.2

120.7134.6147.8125.3121.2136.4

132.3

123.8

127.4

120.8121.3

136.9

141.1117.1160.3208.5131.2

131.1

122.4136.5151.4126.5125.7138.1

134.0

125.3

130.2

121.2122.5

138.3

141.7118.8165.1214.0132.5

133.2

124.1139.2156.2128.0130.0139.9

135.6

127.2

133.6

121.8123.9

139.3

141.5119.6170.0218.8134.3

135.4

125.7142.9161.0129.6132.9141.7

137.9

129.3

136.1

123.1124.8

141.5

143.9121.1170.7230.4136.6

137.8

127.6144.6164.1130.3135.6144.7

139.8

129.5

135.9

123.9125.1

143.8

147.2121.9173.3240.0138.3

140.1

129.6145.2166.4131.2138.3147.8



1975 1976

Percent

1976

I II III IV

1977

I II

Seasonally adjusted

Percent at annual rate

Table 27.—Percent Change From Preceding Period in Gross Na-tional Product in Current and Constant Dollars, Implicit PriceDeflator, and Price Indexes (8.9)

Gross national product:Current dollars1972 dollarsImplicit price deflator...Chain price indexFixed-weighted price

index

Personal consumption expend-itures:

Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index..

Durable goods:Current dollars1972 dollarsImplicit price deflator. _.Chain price indexFixed-weighted price

index

Nondurable goods:Current dollars1972 dollarsImplicit price deflator. _.Chain price indexFixed-weighted price

index

Services:Current dollars1972 dollarsImplicit price deflator..Chain price indexFixed-weighted price

index

Gross private domestic invest-ment:

Current dollars ,.1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index.

Fixed investment:Current dollars1972 dollarsImplicit price deflator.-.Chain price indexFixed-weighted price

index

Nonresidential:Current dollars1972 dollarsImplicit price deflator..Chain price indexFixed-weighted price

index

Structures:Current dollars1972 dollarsImplicit price deflator.Chain price indexFixed-weighted price

index

Producers' durableequipment:

Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price

index

Residential:Current dollars1972 dollarsImplicit price deflator..Chain price indexFixed-weighted price

index

8.2- 1 . 3

9.69.5

9.4

10.21.98.28.28.3

8.9.2

8.88.9

9.0

8.81.27.57.6

7.6

12.03.08.78.7

-11.9-22.9

- 2 . 5-13.7

13.113.0

12.3

- 1 . 0-13.7

14.714.7

14.4

- 2 . 9-14.7

13.812.8

12.8

.1-13.215.315.7

15.5

- 6 . 5-13.9

8.68.5

8.5

11.66.05.35.6

5.6

11.66.05.35.35.3

19.613.15.75.4

5.6

8.24.63.43.4

3.4

12.44.97.17.1

7.2

28.722.2

14.78.65.66.0

6.0

8.63.64.85.5

5.4

5.62.23.33.1

2.8

10.24.25.8

7.1

32.223.27.37.3

7.3

13.28.84.14.9

4.6

13.17.45.24.94.7

27.118.67.27.0

7.2

8.36.12.11.2

13.35.07.87.7

7.9

62.960.9

17.212.54.25.0

4.9

13.18.93.95.0

4.9

10.38.41.72.4

2.1

14.79.15.26.5

6.7

28.422.34.95.0

5.0

10.25.14.95.3

5.2

4.24.44.54.4

9.43.95.35.3

5.1

6.44.12.22.2

2.1

10.84.46.26.4

6.5

24.518.1

18.312.35.35.9

6.6

11.78.33.14.0

4.5

8.43.15.24.5

13.510.92.43.8

4.7

36.323.010.810.6

10.7

3.94.64.6

4.8

9.13.65.35.25.2

6.71.55.24.3

4.2

7.12.84.14.1

4.2

11.74.96.46.4

6.6

17.39.9

12.36.25.86.2

6.5

13.49.04.14.6

4.6

1.3- . 11.42.5

2.3

20.413.46.15.8

6.1

9.7- . 410.110.2

10.1

6.71.25.45.9

6.0

14.18.65.04.64.6

18.811.86.26.8

6.7

13.310.22.82. 4

2.4

13.36.26.75.9

6.0

-16 .1-20 .9

21.313.86.67.1

7.3

6.71.84.86.0

6.0

7.52.26.25.1

5.2

6.21.64.66.4

6.5

63.348.89.79.7

9.7

13.27.55.3

12.25.16.87.07.0

28.220.26.66.5

6.3

7.0.3

6.7

6.7

12.04.47.37.4

7.5

55.548.4

24.414.78.49.0

10.2

24.519.04.65.1

6.2

6.3- 3 . 510.28.1

34.730.53.33.5

4.8

24.25.4

17.917.9

17.8

13.76.17.17.0

7.0

1.85.7

6.8

3.63.0

1.9

2.2

.36.57.4

7.5

9.62.76.87.5

25.716.87.67.8

8.3

12.87.05.46.7

7.1

24.014.78.18.6

8.3

7.63.93.65.7

6.3

57.942.610.810.5

10.5

1975 1976

Percent

1976

I II III I V

1977

I II

Seasonally adjusted

Percent at annual rate

Table 27.—Percent Change From Preceding Period in Gross Na-tional Product in Current and Constant Dollars, Implicit PriceDeflator, and Price Indexes—Con.

Exports:Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index__

Imports:Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index..

Government purchases ofgoods and services:

Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index..

Federal:Current dollars1972 dollarsImplicit price deflator.__Chain price indexFixed-weighted price in-

dex

State and local:Current dollars1972 dollarsImplicit price deflator._.Chain price indexFixed-weighted price in-

dex

7.5 Addenda:

Final sales:Current dollars1972 dollarsImplicit price deflator...Chain price indexFixed-weighted price in-

dex

Gross domestic product:Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index..

Business:Current dollars1972 dollarsImplicit price deflator._.Chain price indexFixed-weighted price in-

dex

Nonfarm:Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price

index

Disposable personal income:Current dollars1972 dollars

6.8- 3 . 310.411.110.6

- 3 . 8-12.6

10.18.68.7

12.02.19.79.69.6

11.0.9

10.09.6

9.7

12.62.89.69.6

9.6

9.7.2

9.59.5

9.4

8.5- 1 . 1

9.79.59.4

8.0-1 .7

9.99.7

9.5

8.3-2 .010.510.4

9.7

10.11.8

10.66.53.83.63.1

22.218.43.22.92.5

6.6.5

6.06.15.8

5.5- . 25.75.9

5.6

7.21.06.26.1

5.8

9.94.55.25.6

5.6

11.45.95.25.65.6

12.06.74.95.4

5.4

12.77.15.25.5

5.5

9.43.8

4.91.13.82.32.5

43.636.94.93.03.4

2.9—2 2

5.35.04.1

-1 .4-4 .2

2.82.6

1.0

5.5- 1 . 1

6.66.5

6.2

8.33.94.24.9

4.6

12.48.33.84.84.6

13.39.63.34.6

4.3

16.011.14.45.1

4.8

10.85.3

18.59.58.29.08.9

20.013.95.33.23.7

6.1.8

5.34.94.5

2.7- 1 . 3

4.13.4

2.9

8.12.06.05.8

5.5

9.44.34.95.3

5.2

10.55.25.05.45.2

11.25.85.15.4

5.3

10.86.44.14.6

5.0

7.42.9

20.911.78.37.67.4

29.910.817.314.713.0

4.7.3

4.44.84.5

5.62.53.03.8

3.8

4.2-1 .0

5.25.4

5.0

7.93.44.44.6

4.8

8.23.74.44.54.6

8.64.24.24.3

4.5

9.43.45.95.6

5.5

6.71.3

.3- 4 . 2

4.75.55.4

13.011.01.94.14.0

7.9.0

8.08.48.6

12.61.6

10.812.3

12.8

5.4-1 .0

6.46.3

5.9

12.46.35.85.9

6.0

6.91.35.56.06.1

6.21.34.95.4

5.5

7.01.45.56.5

6.2

10.24.9

4.4.0

4.43.23.9

35.416.516.26.98.3

5.4- 1 . 9

7.47.06.9

6.6- . 36.95.5

5.7

4.7- 2 . 8

7.77.9

7.7

9.63.85.66.9

7.1

12.67.25.06.77.0

13.38.44.56.5

6.8

13.19.03.75.5

6.5

10.13.1

19.16.9

11.511.211.2

22.314.17.27.4

17.910.66.66.26.1

23.318.24.33.3

3.4

14.9

8.17.97.9

11.85.16.47.0

7.0

13.66.17.17.07.0

14.96.97.57.5

7.5

16.78.37.87.5

7.7

13.47.3

N O T E Table 27: The implicit price deflator for GNP is a weighted averageof the detailed price indexes used in the deflation of GNP. In each period, theweights are based on the composition of constant-dollar output in that period.In other words, the price index for each item is weighted by the ratio of thequantity of the item valued in 1972 prices to the total output in 1972 prices.Changes in the implicit price deflator reflect both^hanges hi prices ^ c h a n g e sin thsitioiprices ucivvccu m e IVYU j/cijiuuo. J-J. v TT v, » -_^ , v.v, — f" , ~ ~ ~ — j , * 7 j. mi, "̂ j J

the chain index also reflect changes in the composition of output. The flxed-weighted price index uses as weights the composition of output in 1972.Accordingly, comparisons over any timespan reflect only changes in prices.


BY ROBERT B. BRETZFELDER

State Personal Income, 1075-76LEVISED estimates show that total

personal income increased in 49 Statesand the District of Columbia from 1975to 1976. Income decreased slightly inNorth Dakota. In 47 States and theDistrict of Columbia, the gain inpersonal income exceeded the 5}i per-cent gain in consumer prices (asmeasured by the implicit price deflatorfor personal consumption expenditures).The exceptions, in addition to NorthDakota, were South Dakota and

Nebraska, where farming was par-ticularly weak.

The nationwide advance in Statepersonal income was 10% percent. Farmincome declined nearly 13 percent, butmajor nonfarm components gained from8 percent in construction to 12% percentin manufacturing. Variations among theStates in farming, manufacturing, andconstruction explained most of theregional variations in income growth(table A). In States where farming is

important, changes in farm incomeranged from an increase of more than30 percent in Mississippi to a decline ofaround 50 percent in South Dakota.Gains in manufacuring wage and salarydisbursements ranged from 23 percentin Michigan to less than 6 percent inMaryland. Changes in constructionpayrolls ranged from gains of around40 percent in Alaska and Maine todeclines of around 10 percent in Hawaii,Florida, Connecticut, and New York.

(Continued on page 4&)

Table A.—State Personal Income and Selected Components: Detail for Fast- and Slow-Growing States

RankRanked by percent

change in total personalincome

Percent change, 1975-76

Totalpersonalincome

Farmincome

Wage and salary disbursements

Manufac-turing

Construc-tion

Service-type

industries ]

Total, less:

Farm

Farm,manufac-

turing,construc-

tion

As a percentage oftotal personal income, 1975

Farm

Wages and salaries

Manufac-turing

Construc-tion

Index, U.S. percentchange=100

Totalincome

Total, less:

Farm

Farm,manufac-turing,

and con-struction

United States

Fast-growing:AlaskaMaineWyomingTexasMichigan -Utah .Louisiana -MississippiNew MexicoNew HampshireNevadaWest VirginiaOregonSouth CarolinaAlabamaTennesseeKentucky

Average

Slow-growing:Farm related:

North DakotaSouth DakotaNebraskaMontana . . .IowaMinnesota.., - . . -Illinois . . .

Average

Nonfarm related:New YorkDistrict of ColumbiaHawaiiConnecticutMassachusettsD elaware

Average

Average of all slowgrowing States...

10.2

15.613 913! 913.312.912.812.712.712.512.312.212.112.112.012.111.811.8

12.7

-.53.04.36.66.88.5

5.4

7.37.68.68.78.98.9

8.3

6.7

-12.8

13.695.8

-17.48.0

-18.614.9-8.131.8

-13.817.2-3.5

-30.3-10.0-13.1

10.461.912.5

8.9

-46.0-50.0-46.7-25.3-39.4-35.7-36.5

-39.9

7.0

2.14.2

23.2-4.2

6.5

-19.0

12.6

21.116.715.114.323.112.415.717.015.218.712.414.517.020.315.014.715.9

16.4

7.619.613.412.811.011.811.2

12.5

8.15.34.48.9

10.1

10.2

8.0

43.538.2

5.620.5

8.527.629.516.18.8

12.328.615.010.0

5.811.11.2

14.0

17.4

19.616.015.812.216.212.513.8

15.2

-9 .4-6 .8-12.5- 9 . 8-7 .9

2.9

- 7 . 3

4.8

11.0

17.412.315.914.69.9

13.713.112.313.812.912.611.313.813.013.511.611.6

13.1

14.312.511.913.814.510.712.8

12.9

6.87.6

11.09.98.79.8

9.5

11.1

10.7

15.612.514.713.413.212.813.111.913.512.312.412.212.812.612.211.111.7

12.8

11.011.911.310.112.311.110.3

11.1

7.3

8.88.88.89.3

8.6

10.1

10.4

2.710.415.612.99.912.011.610.513.710.811.511.712.010.611.610.610.7

11.1

10.711.210.89.812.410.910.0

10.8

7.7

10.79.59.29.9

9.4

10.2

2.3

.11.72.61.61.11.21.94.03.7.51.0.22.92.32.61.33.5

1.9

20.314.412.09.910.65.53.1

10.8

.3

2.7.4.22.4

1.2

6.8

16.9

4.216.63.913.126.011.711.417.44.318.23.515.916.622.118.020.716.2

14.1

4.35.49.76.216.116.420.1

11.2

15.14.64.223.018.226.8

15.3

13.1

3.6

29.73.68.44.72.84.75.83.44.83.14.84.13.64.24.23.63.3

5.8

4.43.03.64.03.33.83.5

3.7

2.55.26.82.92.94.5

4.1

3.9

100

153136136130126125125125123121120119119118119116116

125

100

146117137125123120122111126115116114120118114104109

120

103111106

94115104

96

104

68

94

100

2610015012494

115111101132104111113115102111102104

107

10310810494

11910595

104

7482

1039088

• 95

90

97

1 Includes wholesale and retail trade, the finance-insurance-real estate group, the transportation-communication-public utilities group, and services.

14


By REGIONAL ECONOMIC MEASUREMENT DIVISION STAFF

State Personal Income Revisions, 1971-76Es 3̂TIMATES of State personal in-come—that is, income received by per-sons residing in each State from allsources—have been revised. The firsttwo tables of this article show revisedestimates of total and per capita per-sonal income for 1971-76.1 Tables 4-63show personal income by type, andlabor and proprietors' income by in-dustry for 1973-76. Revised estimatesfor 1958-70 will be presented later thisyear; estimates for 1948-57 and 1929-47will be presented in 1978 and 1979,respectively.

The revisions in State personal in-come may be classified as definitionaland classificational, on the one hand,and statistical, on the other. The defini-tional and classificational revisions in-corporated in the estimates are those

1. Table 3, which shows population as of July 1 for eachyear by State, is available on request from the Regional Eco-nomic Measurement Division, Bureau of Economic Analysis.

made in the 1976 benchmark revisionof the national income and productaccount (NIPA) estimates—specificallythose that affected personal income.The revisions are discussed in part Iof the January 1976 SURVEY OF CUR-RENT BUSINESS and summarized intable B.

The statistical revisions are traceableto the rebenchmarking of the NIPAestimates, which also are discussed inthe January 1976 SURVEY; to theroutine annual revisions of the NIPAestimates for 1973-76, which incorpo-rated source data not available whenthe benchmark revision was preparedand which were published in the July1976 and July 1977 issues of theSURVEY; and to the methodologicalimprovements in the State estimates.The improvements in State estimatesconsist of both more reliable estimatingprocedures and more current and com-

ACKNOWLEDGMENTS

Edwin J. Coleman, Chief, Regional Economic Measurement Division, was responsiblefor planning and coordinating the State personal income revisions. Lowell D. Ashby,Assistant Chief, directed the statistical work; he was assisted by Jeanne S. Goodman.

Revisions in the private wage estimates, including converting the estimates from a1967- to a 1972-based Standard Industrial Classification, were prepared in the PrivateWage Income Branch under the supervision of Elizabeth H. Queen, Chief. Major respon-sibilities were assumed by William E. Reid, Jr., David C. Warlick, and Victor Sahadachny.

Revisions in other incomes and in the residence adjustment were prepared in theGovernment, Proprietary, and Investment Income Branch under the supervision ofKenneth P. Berkman, Chief. Major responsibilities were assumed by Wallace K. Bailey,Jr., Vivian G. Conklin, Q. Francis Dallavalle, and Katharine Richardson.

The estimates were monitored and prepared for publication by the Regional EconomicInformation System Branch under the supervision of Linnea Hazen, Chief; she wasassisted by Eunice P. James, Paul M. Levit, and Ronald G. Reel.

Other contributors to the revisions effort were Frances B. Actie, Kathy A. Albetski,David J. Albright, Charles L. Ballard, Linda C. Barnes, Michael E. Bartell, Brian K.Bergstralh, Thelma L. Brown, Carl J. Carlson, Jr., Sharon C. Carnevale, Dennis E.Drinka, Carol E. Evans, Joe T. Franklin, Anthony A. Gal, Richard H. Grayson, ThelmaE. Harding, Mildred L. Hynson, Louise T. Johnson, Charles A. Jolley, Gary V. Kennedy,Robert S. Klear, Gordon H. Lester, Jr., Robert J. McCahill, Thomas McCormick, KarenMeltzer, Alan J. Millican, Evelyn C. Newman, Kevin F. Neyland, Nancy L. Onderka,Michael G. Pilot, John M. Reed, David P. Roth, Patricia A. Schmitt, Stuart A. Schwartz,Hazel E. Turner, Mary O. Williams, and Ronald M. Wilson.

Secretarial support was provided by Lela S. Lester and Lela H. Morgan.

plete State data. The major datasources underlying the improved Statedata included the 1969 and 1974Censuses of Agriculture; the 1967 and1972 Censuses of Governments; theDecennial 1970 Censuses of Populationand Housing; and the 1967 and 1972economic censuses—manufacturing,mining, construction, and trade andservices. Some of the information fromthese sources had been incorporatedin previous annual revisions; the presentrevisions use them fully and con-sistently. The present revisions alsouse information from the InternalRevenue Service (IRS), the RailroadRetirement Board, the Civil ServiceCommission, the U.S. Department ofAgriculture (USDA), the U.S. Depart-ment of Defense, the U.S. Departmentof Justice, the U.S. Department ofLabor's Bureau of Labor Statistics(BLS), and the State Bureaus ofEmployment Security.

In general, the definitional and clas-sificational revisions reduced personalincome in most States. Downward re-visions in rental income of persons morethan offset upward revisions in otheritems. The statistical revisions in Statepersonal income were dominated by thedownward revision in farm proprietors'income. The net effect of the two kindsof revisions, of course, varied fromState to State because of differentialregional patterns in the State sources ofincome.

Revisions in income components

As noted earlier, personal income isthe income received by persons from allsources. Accordingly, this income con-sists of income from participation inproduction, from transfer paymentsfrom government and business, andfrom government interest, which istreated like a transfer payment. Personsreceiving income consist of individuals,

15


16 SUEVEY OF CUEEENT BUSINESS August 1977

nonprofit institutions, private nonin-sured welfare funds, and private trustfunds. The review of the revisions inState personal income that follows im-mediately is in the framework of themajor types of personal income: wageand salary disbursements; other laborincome; proprietors' income; rentalincome of persons, dividends, andpersonal interest income; transferpayments; and personal contributionsfor social insurance. Next, changes inthe residence adjustment and in theindustrial classification are noted.

Wage and salary disbursements.—Wageand salary disbursements consists ofmonetary remuneration of employees,including the compensation of cor-porate officers; commissions, tips andbonuses; and receipts in kind thatrepresent income to the recipients.Eetroactive wages are counted whenpaid rather than when earned.

A major statistical revision raisedthe wage and salary estimates basedon payroll data for employees coveredby State unemployment insurance (UI)programs. In 1972, UI program cover-age was extended in most industries toinclude firms having one or moreemployees. At the same time, com-mission salesmen and agent-driverswere brought into the program, andcoverage was extended to additionalhospitals, educational services, non-profit membership organizations, andmuseums. Supplemental estimates arestill required, however, because coveragewas not extended to all private firms orto most State and local governments.

The statistical revisions of privatenonfarm wages and salaries for yearsbefore 1972 mainly reflected revisedestimates for firms formerly not in-cluded in UI programs because ofunderreporting or previous coverageprovisions. Farm wage revisions werebased on USDA estimates of farm em-ployees' wages, and State and localgovernment wage revisions were basedon information from the 1972 Censusof Governments.

Other major revisions in wage andsalary disbursements included rework-ing of the adjustment to exclude pay ofmilitary personnel stationed abroad andthe reclassifying of the pay of military

reserves. The new estimates of the payof military personnel stationed abroadare based on a count of officer andenlisted personnel weighted by appro-priate pay scales in the several services.The effect of the reworking was a rela-tively small downward revision. (Eevi-sions for civilian personnel stationedabroad were negligible.) The pay ofmilitary reserves was reclassified fromother labor income into wages andsalaries. This reclassification made thetreatment of military reserve payconsistent with that of part-time civil-ian employees.

Other labor income.—Other labor in-come, which is a supplement to wagesand salaries, consists of employer con-tributions to private pension and wel-fare funds, and directors' fees.

A definitional and classificationalrevision in the treatment of workmen'scompensation brought privately ad-ministered funds into line with thetreatment of private pension and wel-fare funds, and Federal- and State-administered funds into line with thetreatment of other social insurancefunds. For privately administeredfunds, the premiums paid to workmen'scompensation funds by employers weresubstituted for benefits paid by thefunds. For Federal- and State-adminis-tered funds, transfer payments topersons were increased by the amountof benefits paid by the funds, and otherlabor income was reduced by the sameamount.

A statistical revision affecting thiscomponent was the addition of Stateand local government employer contri-butions to private pension and welfarefunds.

Proprietors1 income.—Proprietors' in-come is the monetary income and in-come in kind of sole proprietorshipsand partnerships, including the in-dependent professions, and of pro-ducers' cooperatives. It is treated in itsentirety as received by individuals.Interest and dividend income receivedby proprietors, and rental income re-ceived by persons who are not primarilyengaged in the real estate business areexcluded.

Both the farm and nonfarm com-ponents were revised. Eevisions in net

income of farm proprietors reflectedchanges made in the basic series by theUSDA in July 1974 and a revisedestimate of corporate farm income. TheUSDA revisions incorporate informa-tion from the 1964 and 1969 Censusesof Agriculture, updated Statistical Ee-porting Service estimates of commodityincome for 1964-69, the 1970 specialsurvey of agricultural finance, and the1971 Farm Production ExpenditureSurvey.

The USDA revisions introduced im-proved farm marketing data and moredetailed operating expense data; in-cluded were new expense account itemsand changed levels in some productionexpense accounts. Overall, the revisionssignificantly reduced estimates of theincome of farm proprietors. In addition,the introduction of a revised Statedistribution of corporate farm income,using USDA State information, in-creased the corporate farm share oftotal farm income, and, accordingly,reduced the farm proprietors' share.The USDA State information provideda much needed underpinning to theestimate of the State distribution ofcorporate farm income.

Eevisions in nonfarm proprietors'income were principally due to incorpo-ration of IES data that were notpreviously available and a revisedNIPA treatment of capital consumptionallowances. The latter is explainedin the section on rental income ofpersons, the component of personalincome on which this revision had thelargest effect. Also, separate nonfarmproprietors' income estimates for ruraltelephone and electric cooperatives,and pipelines were introduced. Theseparate estimates more accuratelyreflect the difference in the geographicdistribution of these components.

Dividends, interest, and rent.—Divi-dends is a cash payment by corpora-tions organized for profit to stockholderswho are U.S. residents. Personal interestincome is the interest income of personsfrom all sources. It is calculated as thesum of net interest, plus interest paidby government to persons and business,less interest received by government,plus interest paid by consumers to

(Continued on page 31)



Personal Income by States and Regions, 1971-76

Table 1.—Total Personal Income Table 2.—Per Capita Personal Income

State and region1971 ' 1972 r 1975 '

Millions of dollars

Percent change

1971-76 1975-76

1971 ' 1972 r 1973' 1974' 1975' 1976'

Dollars

Percent ofNational average

1971 1975 1976

United States1 851,952

New England .

ConnecticutMaine -Massachusetts. __New Hampshire.Rhode IslandVermont

Mideast.

DelawareDistrict of Columbia-MarylandNew JerseyNew YorkPennsylvania

Great Lakes-

IllinoisIndianaMichigan.OhioWisconsin.

Plains.

Iowa _.KansasMinnesota. _-.-MissouriNebraskaNorth Dakota.South Dakota.

Southeast

AlabamaArkansasFloridaGeorgia -KentuckyLouisianaMississippiNorth CarolinaSouth CarolinaTennesseeVirginiaWest Virginia

Southwest-

ArizonaNew Mexico.OklahomaTexas

Rocky Mountain-

Colorado..IdahoMontana-UtahWyoming.

Far Wes t . . .

CaliforniaNevadaOregonWashington.

Alaska..Hawaii.

53,067

15, 3553,431

25, 7532,9613,9221,645

198,641

2,6493,86217, 99936, 12389, 53548, 474

175,198

53, 02220, 83139,18844, 56017, 597

63,883

10,7779,05115, 41018, 3625,8622,1632,260

154,600

10, 8935,879

28, 32716, 61310, 71011,9126,22017, 7248,36913, 31218, 8675,773

62,200

7,3883,4339,124

42, 254

19,588

9,5222,5242,4863,7471,309

119,463

94, 2422,4768,429

14,315

1,5633,750

935,463

57,459

16, 5083,744

27, 8523,2774,2761,802

214,110

2,8964,190

19, 99238, 92895, 21552, 891

190,807

56, 91522, 77843, 42848, 44419, 243

70,834

12,06310,10316, 86619, 8766,6352,6802,610

174,157

12, 0836,611

32, 95818, 76111,87013, 0397,061

19, 9919,431

14, 99020, 9306,432

69,605

8,4563,857

10,11547, 088

22,330

10, 8282,9262,8854,1851,506

130,359

102, 5822,7719,467

15, 540

1,6984,103

1,045,098

62,713

18,0624,243

30,1383,6754,6291,966

231,700

3,2324,504

22,13342,406

101, 46857, 956

212,735

63, 31725, 97748, 45753, 44821, 536

83,781

14, 78711, 66119, 89022, 3837,8513,8423,367

198,014

13, 6407,786

38, 54921,15713, 33614, 6048,019

22, 58510, 71617, 03123,5067,085

79,799

9,8664,323

11, 62353,986

25,975

12,5103,4613,4664,7311,806

143,763

112, 4033,146

10, 72317,491

2, 0064,611

1,147,257

68,400

19, 7124,716

32, 8054,0694,9562,142

252,901

3,5064,857

24,16546, 234110,17763, 962

230,783

69, 34727, 71751, 67458, 39923, 646

87,774

15, 22412, 45821,16823, 9408,0013,7433,240

220,714

15,1328,83543, 25123,15615,13116, 4518,82924, 83712, 20318, 76726, 2517,871

89,488

11, 0654,84212, 93060, 651

28,789

13,8194,0003,6665,2592,045

160,801

125,5983,48111,98219,739

2,4295,177

1,246,501

73,337

21, 0865,040

35,1564,4005,3422,313

272,618

3,7565,264

26,11749, 591

118, 24869, 642

247,484

75, 79829, 60254, 46361, 98125, 640

95,243

16, 78313, 58722, 59726, 0239,0613,7813,411

239,396

16, 6939,507

46, 32024, 73416, 49918, 4289,465

26, 79613,09320, 22128, 7748,866

99,913

11,8195,525

14, 24268,327

31,400

15, 0864,1964,0175,8252,277

177,960

138, 7193,893

13, 00822,341

3,4435,706

1,373,511

80,327

22, 9295,741

38, 2724,9425,8662,577

295,728

4,0925,662

28, 51454,152

126, 92576, 385

273,709

82, 50332, 99061, 48568, 54128,190

102,600

17, 92314, 94524, 51528, 4949,4503,7613,512

266,190

18,71410, 40850, 69027, 57618, 43920, 76210, 66329, 82114, 66222, 60631, 9089,941

112,608

13,1666,217

15, 78877, 436

34,763

16,6334,6844,2836,5702,593

197,410

153, 8924,368

14,58024,569

3,9796,198

61.22

51.37

49.3367.3548.6166.8849.5756.66

48.88

54.4746.6158.4249.9141.7657.58

56.23

55.6058,3756.9053.8260.20

60.61

66.3165.1259.0955.1861.2173.9155.44

72.18

71.8077.0378.9465.9972.1774.2971.4468.2575.1969.8169.1272.20

81.04

78.2181.0873.0483.26

77.46

74.6885.6072.2675.3198.11

65.25

63.2976.4172.9771.63

154. 5765.29

10.19

9.53

8.7413.918.86

12.329.82

11.40

8.48

8.937.559.189.207.349.68

10.60

8.8511.4412,8910.589.94

7.73

6.8010.008.499.494.29

- . 5 12.96

11.19

12.119.489.43

11.4911.7612.6612.6611.2911.9811.7910.8912.13

12.71

11.4012.5210.8613.33

10.71

10.2611.646.62

12.7913.89

10.93

10.9412.2112.099.97

15.578.62

4,132

4,415

5,0023,3914,4653,8944,0973,630

4,633

4,7275,1404,4934,9594,8634,085

4,318

4,7433,9744,3714,1543,943

3,878

3,7894,0203,9973,8873,9033,4553,371

3,461

3,1312,9994,0053,5493,2683,2262,7723,4343,1643,3404,0003,284

3,669

3,9283,2653,5103,699

3,793

4,1673,4313,5033,4273,846

4,531

4,6494,8253,9434,161

4,9574,775

4,493

4,745

5,3573,6344,8104,2134,4173,907

4,985

5,0785,6224,9305,3125,1844,451

4,678

5,0744,3134,8044,5134,263

4,275

4,2194,4754,3574,1864,3624,2403,847

3,828

3,4403,3024,4603,9523,6073,4923,0963,8153,5113,7014,3833,608

4,023

4,3193,5963,8424,053

4,188

4,5403,8694,0133,7194,352

4,910

5,0245,1704,3384,547

5,2325,069

4,980

5,160

5,8654,0855,1924,6224,7694,226

5,417

5,6366,1195,4335,7905,5714,890

5,209

5,6654,9015,3394,9744,745

5,039

5,1685,1435,1164,6985,1246,0654,949

4,278

3,8523,8304,9734,3914,0143,8993,4624,2543,9364,1614,8463,974

4,516

4,7443,9354,3724,563

4,734

5,0464,4794,7604,1005,119

5,355

5,4465,7044,8305,089

6,0605,554

5,428

5,630

6,3884,4945,6575,0345,2834,581

5,929

6,0726,7385,9096,3146,0875,402

5,642

6,2145,2165,6685,4355,179

5,270

5,3295,4985,4215,0175,1935,8884,755

4,690

4,2334,2735,3404,7484,5114,3733,7834,6214,3974,5235,3474,411

4,978

5,1234,3274,8225,047

5,152

5,4955,0274,9764,4625,652

5,912

6,0166,0675,3125,649

7,1176,138

5,852

6,017

6,8024,7646,0465,4205,7374,900

6,387

6,4837,3986,3366,7636,542

2 5, 872

6,044

6,7695,5725, 9785,7745,588

5,706

5,8675,9595,7625,4595,8705,9365,011

5,021

4,61824,5062 5,596

5,0164,8714,8424,0444,9254,6504,8465,7774,927

5,458

5,3444,8305,2465,584

5,529

5,9365,1595,3844,8436,060

6,441

2 6,5446,5955,6956,277

9,4406,669

6,399

6,573

7,3565,3666,5886,0106,3315,411

6,924

7,0308,0676,8807,3817,0196,439

6,687

7,3476,2226,7546,4126,117

6,105

6,2456,4696,1835,9636,0865,8465,120

5,526

5,1064,9346,0205,5485,3795,4054,5295,4535,1475,3646,3415,460

6,024

5,7995,3225,7076,201

6,010

6,4405,6405,6895,3506,642

7,033

7,1517,1626,2616,802

10,4157,080

100

107

121821089499

112

11412410912011899

105

10610195

94

92979794948482

84

767397

78678377819779

89

95798590

92

10183858393

100

103

11681103939884

109

111126108116112100

103

116951029995

1001029893100101

86

797796868383698479839984

93

91839095

94

101889283104

110

11211397107

161114

100

103

11584103949985

108

110126108115110101

105

11597106100

95

10197939591

86

80

8484718580849985

94

91838997

94

101888984104

110

11211298106

163111

Addenda Census regions

New EnglandMiddle AtlanticEast North Central.West North CentralSouth AtlanticEast South Central-West South Central.MountainPacific

53, 067174,132175,198

63, 883120,18341,13569,17032, 886

122, 299

57, 459187, 033190, 807

70, 834135,579

46, 00576, 85237,504

133,389

62, 713201,831212, 735

83, 781153, 46852, 02588, 00043,311

147, 234

68, 400220,373230, 783

87, 774170, 09857, 85998,86748,178

164,926

73,337237, 481247, 484

95, 243183, 720

62, 878110,50452, 637

183,217

80,327257, 461273, 709102, 600202, 86570,422

124,39558,513

203, 218

51.3747.8556.2360.6168.8071.2079.8477.9366.16

9.538.41

10.607.73

10.4212.0012.5711.1610.92

4,4154,6364,3183,8783,8333,168S,5163,8194,538

4,7454,9774,6784,2754,2383,5023,8454,2054,913

5,1605,3985,2095,0394,7053,9204,3424,6995,362

5,6305,9145,6425,2705,1224,3144,8165,1035,930

6,0176,3726,0445,7065,4584,6525,2965,4696,483

6,5736,9066,6876,1055,9685,1555,8675,9517,076

1071121059493778592

110

1031091039893799093

111

1031081059593819293111

r Revised. The State revisions were made to achieve conceptual and statistical conformitywith the benchmark revisions of the national income and product accounts and to incorporatenew and improved data sources.

1. The personal income level shown for the United States differs from that in the nationalincome and product accounts because of adjustments to labor and proprietors' income. Theseadjustments were required to insure appropriate subnational distributions of personal income.

They included such adjustments as exclusion of the pay of Federal and other employeesstationed abroad.

2. State population used in the computation of per capita personal income in 1975 included65,000 Vietnamese refugees located as follows: Indian Gap Military Reservation, Pennsylvania(17,000); Fort Chaffe, Arkansas (24,000); Eglin Air Force Base, Florida (6,000); and CampPendleton, California (18,000). By the end of 1975, these refugees were resettled throughoutthe United States and the camps were closed.


18 SUEVEY OF CURRENT BUSINESS August 1977

Tables 4-12.—Personal Income[Millions

Line ItemTable 4.—United States

1973^ 19741 19752 1976

Table 5.—New England

19731 19741 19752 19762

Table 6.—Connecticut

19731 19741 1975 2 1976 2

9101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

565758

67

Income by place of work

Total labor and proprietors income 3 *..

By type

Wage and salary disbursements..Other labor incomeProprietors income 4 _

FarmNonfarm 4

By industry

FarmNonfarm.

PrivateAgricultural services, forestry, fisheries, and other 5.

Agricultural servicesForestry, fisheries, and other «

Mining _CoalminingOil and gas extractionMetal miningNonmetallic minerals, except fuels

Construction

ManufacturingNondurable goods

Food and kindred productsTextile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal productsTobacco manufacturesRubber and miscellaneous plastics products..Leather and leather products

Durable goodsLumber and wood products _Furniture and fixturesPrimary metal industriesFabricated metal productsMachinery, except electrical ..Electric and electronic equipmentTransportation equipment except motor vehiclesMotor vehicles and equipmentOrdnance..Stone, clay, and glass products. _Instruments and related productsMiscellaneous manufacturing industries

Transportation and public utilitiesRailroad transportation - _Trucking and warehousingWater transportationOther transportationCommunicationElectric, gas, and sanitary services

Wholesale tradeRetail trade .Finance, insurance, and real estate

BankingOther finance, insurance, and real estate

ServicesHotels and other lodging placesPersonal servicesPrivate householdsBusiness and repair servicesAmusement and recreation including motion pictures.Professional, social, and related services

Government and Government enterprises.Federal, civilianFederal, militaryState and local

Derivation of personal income by place of residence

Total labor and proprietors income by place of workLess: Personal contributions for social insurance by place of work...

Net labor and proprietors income by place of workPlus: Residence adjustment

Net labor and proprietors income by place of residence..Plus: Dividends, interest, and rent 7

Plus: Transfer payments

Personal income by place of residence.

834,990

695,02448,67091,29630,87860,418

35,925799,065

654,3102,9512,456495

8,1982,4183,2261,1611,393

53,547

219,56279,35316, 9827,7218,7118,08811,82313,4162,968796

6,8771,971

140,2096,2264,34718,18816, 78825,63221,87312,12615,6512,2247,7215,6013,832

61,6448,20615,4672,4939,62815,63510,21550,59186,85543, 41410,99932,415

127,5484,8997,1585,32624,1245,31680,725

144,75534,84816,81093, 097

834,99041,949

793,041fl-236

792,805133,407118,886

1,045,098

898,702

758,41555,57284,71523,85260,863

29,733

711,6423,2262,687539

11,6273,4115,3321,3061,578

56,168

237,40785, 67218,4627,8488,8608,78012, 60315,4213,527875

7,3211,975

151, 7356,4824,43921,08818,16129,22823,36513,03715,1502,2648,1786,2354,108

66,591 i8,669 '16,5582,73710,54117,08910,99757,70992,94145,89312,64133,252

140,0805,1747,4215,51126,4555,66289,857

157, 32738,17517, 642101,510

898, 70247,388

851,314»-250

851,064155,367140,826

1,147,257

949,663

799,57264,84385,24822,42262,826

28,640921,023

747,9463,2892,754535

13,5414,3995,9271,5181,69755,212

239,43688,48219, 9667,4598,8358,91213,18116,2313,882930

7,1851,901

150, 9546,7733,90219,34519, 75630,16522,19114,64614, 719(*)8,1747,2694,014

70,1568,61316,1832,85311,30619,29111,91063,94197, 74449,26814,06735,201

155,3595,3937,5985,72429,1306,036

101,478

173,07741, 77317, 897113,407

949,66350,045

899,618«-268

899,350170,318176,833

1,246,501

1,046,513

883,11975,82787,56718,13469,433

24,9771,021,536

835,7303,8403,210630

15,2565,0706,6791,6861,82160,147

271,13899,99821,9988,74910,18910,39314,53318,1494,3961,0298,3612,201

171,1408,2084,50521,73622,21533,14324,91415,671

(*)9,1848,1594,545

78,2039,43918,2603,13812,46421,62813,27470,010109,68355, 71215,91639, 796

171,7415,9898,0526,32532,6546,707

112,014

185,80644,97018,421122,415

1,046,51354,910

991,6030-325

991,278189, 401192,832

1,373,511

48,215

41,4752,9683,772

2723,500

40947,806

40,3281911395240

(*)(*)D)

()3,180

14,7105,004

630636447796791511

(D)6

(D)436

9,705267190

(D)1,3381,937(D)1,293

(D)()352720580

2,930195742

()974583

2,7445,1082,850

7232,127

8,575(D)

400273

1,441238

(

7,4781,476

6965,306

48,2152,314

45,901893

46,7948,5287,390

62, 713

51,511

44,4963,3113,705

2973,407

44051,071

43,2932211576447231

413,077

16,0715,206

643611449855846568

()420

10,865279201736

1,4882,2362,1501,461(D)()379853631

3,08820476354

4091,049

6083,0035,3863,033

8122,221

9,368(D)

407283

1,550241

(D

7,7781,536

5825,660

51,5112,709

48,802931

49,7349,8668,801

68,400

53,223

45,9323,8143,477

1733,304

31552,908

44,5412151496651122

462,785

16,0835,198

664575455832895609478

691421

10,885254191627

1,6642,2442,0901,719

113(•)353992638

3,20720272254

4301,163

6363,1815,5963,245

8852,361

10,177246407294

1,603250

7,376

8,3671,678

5736,116

53,2232,835

50,388979

51,36710,60411,367

73,337

58,364

49,9674,4603,937

2893,648

44357,921

49,0522261527453232

472,820

17, 9925,863

735664521976979641498

788503

12,129300204711

1,8592,4432,3421,888

136(•)387

1,125734

3,50822279163

4721,264

6963,4676,1183,557

9542,603

11,311279428325

1,793275

8,212

1,799577

6,493

58,3643,054

55,3101,049

56, 35911,84312,124

80,327

13,558

11,624877

1,05740

1,017

8513,473

11,7464746

113

()(*)

12907

4,9211,075

12711186

105207216

195

18612

3,8462351

308673726464

1,0372388

110211130

71149

1782372

225164710

1,320917176741

2,20137

10991

37956

1,529

1,727256122

1,349

13,558614

12,944722

13,6652,7081,689

18,062

14,634

12,633994

1,00640

966

14,546

12,6915453

117

()14

866

5,4401,144

13310786

114224241226

19913

4,2962258

348750813510

1,16725

103112243144

75451

1861689

243170821

1,373988199

2,37836

10994

41560

1,663

1,855283135

1,436

14,634788

13,845726

14,5723,1531,987

19, 712

15,119

13,0021,129

98828

960

7515,045

13,05449472

18

()(*)

16784

5,4481,177

14310085

108245250

()203

12

4,2702056

315815835498

1,20926

(•)105262130

78651

171

()184876

1,4371,077

217861

2,57937

11098

43062

1,841

1,991319145

1,527

15,119813

14,306760

15,0663,4352,584

21,086

16,360

13,9641,3091,087

271,060

7816,282

14,23851492

18

()(*)

16743

5,9781,299

16511492

134269269)

( )21113

4,6792359

357914878563

1,30127

(•)111301146

85656

186

()196972

1,5741,185

236949

2,86140

11610848875

2,034

2,044309146

1,589

16,360863

15,497816

16,3133,8312,784

22,929

Per capita income (dollars)Total population (thousands).

4,980209,846

5,428211,371

5,852213,020 214, 648

5,16012,155

5,63012,148

6,01712,187

6,57312, 221

5,8653,080

6,3883,086

6,8023,100

7,3563,117

*Less than $500,000.D Not shown to avoid disclosure of confidential information; data are included in totals.1. Estimates based on 1967 Standard Industrial Classification.2. Estimates based on 1972 Standard Industrial Classification.3. Consists of wage and salary disbursements, other labor income, and proprietors' income.4. Includes the capital consumption adjustment for nonfarm proprietors.

5. Includes wages and salaries of U.S. residents working for international organizations.6. Adjustment for border workers: income of U.S. residents working across U.S. borders

less income of foreign residents working in the U.S.7. Includes the capital consumption adjustment for rental income of persons.NOTE.—See footnotes on tables 1 and 2.



by Major Sources, 1973-76

of dollars]

Table 7.-Maine

1973 1

3,278

2,649184445124321

1483,130

2,488281117

(*)(*)

11

222

871564

786620

20825132

(*)28

125

307118

77

25264741

93

1336

2154056

5136238

1593831334291

47630272750

9332

64216997

376

3,278163

3,115- 1 6

3,099527617

4,243

4,0861,039

19741

3,565

2,873211481168313

1963,370

2,6853911283

(*)(D)

2(D)

237

945596

826722

22828132

(*)31

123

349129

79

27335452103

1447

2324261

7146740

1784021394693

5102626285310

367

685190

93401

3,565188

3,377- 1 9

3,358610748

4,716

4,4941,049

1975 2

3,668

3,043256370

56313

843,584

2,83833112<

(*)(D)(D)(D)

251

948610

876122

2403012

(*)33

123

338118

44029465511

(*)1548

2444261

7157643

2024261505198

580(D)(D)

295811

427

746214106426

3,668202

3,466- 2 6

3,440661939

5,040

4,7641,058

19762

4,239

3,451307480135345

1654,074

3,282331122

c(*)(D)(D)(D)

333

1,111721

987726

27933143

(*)39

153

389140

9e

4835565710

(*)1759

276466910178747

22548016655

110

655(D)(D)

326512

485

792239

99454

4,239226

4,013- 2 7

3,986740

1,015

5,741

5,3661,070

Table 8.—Massachusetts

1973 1

23,667

20,6141,4471,607

291,578

7223,596

19,88987592711

(D)(D)(*)

111,525

6,5612,486

334271294362431234

141

343203

4,0755188

210497886

1,06518095

192153433226

1,56478

376(D)(D)

542286

1,5092,5421,436

4031,033

4,65399

199106852130

3,267

3,707759243

2,705

23,6671,119

22,548-142

22,4063,9663,765

30,138

5,1925,805

19741

25,193

22,0411,5931,559

281,531

6925,124

21,25595672912

(D)1

(D)11

1,466

7,1292,551

334262292375454259

191

364190

4,5784790

241555

1,0421,183

19662

225173526238

1,64282

38024

269585301

1,5982,6901,522

4511,072

5,100104203110912124

3,648

3,869787199

2,883

25,1931,248

23,945-186

23,7594,5524,494

32,805

5,6575,799

1975 2

25,992

22,6931,8401,459

241,436

6525,927

21,784100653513

(D)1

(D)13

1,284

7,1532,539

338261296357476293

(D)(D)

306191

4,6144485

185644

1,0471,165

39064

(*)150613228

1,70480

362(D)(D)(D)

3121,6672,7741,612

4911,121

5,476108199114932124

3,999

4,144845188

3,111

25,9921,311

24,681-180

24,5014,8245,830

35,156

6,0465,814

1976 2

28,258

24,5102,1311,617

351,582

8028,178

23,737107664114

(D)1

(D)13

1,228

7,9352,839

367300339415519296

(D)(D)

361219

5,0964387

204703

1,1571,265

43882

(*)166683258

1,85388

395(D)(D)(D)

3431,7802,9961,749

5201,229

6,075122210126

1,026130

4,462

4,442922190

3,330

28,2581,403

26,855-179

26,6775,3916,204

38,272

6,5885,809

Table

19731

2,648

2,258165226

18207

252,624

2,19910924

(*)(D)(•)(D)

211

852(D)

2853177643

8(D)C)

7076

(D)45163043

116177

7(D)

5181111

1536

441

115834

1173171243292

41030221852

(D)(D)

4257964

282

2,648138

2,510272

2,782472422

3,675

4,622795

9.—New Ham]

1974 1

2,847

2,445183218

13205

192,828

2,37211915

(*)(D)(•)(D)

203

910(D)

3047198747

9(D)(*)

7072

(D)46163544

135190

7(D)

7191513

1647

461

126336

1333481333696

46531241858

(D)(D)

4568364

309

2,847174

2,673323

2,995573501

4,069

5,034808

1975 2

2,979

2,541212226

14212

202,958

2,4589816

(*)(*)(D)(D)

186

902(D)

3340197748

9(D)(D)

6373

(D)(D)

143159

145156

(D)(D)(*)

24(D)

12

1737

44(D)(D)

7338

15136914040

101

52230

(D)1962

(D)(D)

5019764

340

2,979183

2,796332

3,127639634

4,400

5,420812

E>shire

1976 2

3,402

2,888261254

17237

243,378

2,83710926

(*)(*)(D)(D)

210

1,078(D)

364623895311

(D)(D)

8390

(D)(D)

163677

173184

(D)(D)(*)

29(D)

14

1928

49(D)(D)

8142

17041716344

118

59135

(D)2175

(D)(D)

54110666

368

3,402205

3,197350

3,547716679

4,942

6,010822

Table 10.—Rhode Island

19731

3,527

3,063207256

2255

63,521

2,80314942

(*)(*)(*)

2196

1,096(D)

4213022235333

(D)(*)

7418

(D)59

8692

11491

812

(D)3050

202

1869

585

175642

19137417349

124

571(D)

33168620

(D)

718168161389

3,527200

3,32790

3,417573640

4,629

4,769971

19741

3,648

3,156231261

4257

83,640

3,003161152

(*)C)(*)

2195

1,196(D)

4312423265939

(D)(*)(D)

19

(D)59

98104139921412

(D)3153

224

1899

575

185842

20938918556

128

623(D)

34179121

(D)

63714180

416

3,648230

3,417122

3,540655761

4,956

5,283938

1975 2

3,753

3,243262247

2245

63,746

3,059161152

(*)(*)(D)(D)

180

1,175(D)

4010825266039

(D)(*)

7219

(D)(D)

98898

11593

(D)13

(*)31

(D)254

1899

535

186539

20840119861

137

692(D)

331797

(D)(D)

68714658

484

3,753244

3,509126

3,635714993

5,342

5,737931

19762

4,191

3,601317273

3269

84,183

3,449171162

(•)(*)(D)(D)

193

1,374(D)

4312230316743

(D)(*)

8124

(D)(D)

11105109124116

(D)16

(*)34

(D)298

2071056

6197145

235439218

69148

763(D)

3419

111(D)(D)

73415962

513

4,191267

3,924125

4,049796

1,C21

5,866

6,331927

Table 11.—Vermont

19731

1,537

1,26788

18159

123

741,463

1,20455

(*)8

(*)(D)(D)

8120

409(D)

2157

22317

(*)(*)(D)

3

(D)2620

(D)8

67(D)

20(*)(*)

28124

1011230

17

311959

172672146

26432101521

(D)(D)

25946

9205

1,53779

1.457- 3 2

1,425282258

1,966

4,226465

1974 1

1,624

1,34798

17945

134

611,564

1,28766

(*)9

(¥)(D)(D)

9110

4511182248

2434

7(*)(*)

15

3332920

c

g75

12126

(*)(*)

29125

1071233

18

332064

183672443

29129111622

(D)(D)

2775210

214

1,62480

1.545- 3 5

1,510322310

2,142

4,581468

1975 2

1,713

1,41111518749

138

651,648

1,34977

(*)9

(*)(D)(D)(D)

101

458(D)

2448

2435

6(D)(*)

133

(D)(D)

1948

74132

(D)(D)(*)

29(D)

6

1111231

18

382177

190692643

32835121724

(D)(D)

2995813

228

1,71383

1,630- 3 3

1,597330386

2,313

4,900472

1976 2

1,914

1,552136226

71155

891,825

1,50977

(*)

(•)(D)(D)(D)

112

517(D)

26c

102938

8(D)(*)

143

(D)(D)

23c

1076

158(D)(D)

(*)31

(D)8

1241335

19

422486

212772948

36640131828

(D)(D)

3166314

239

1,91490

1,824- 3 6

1,788369420

2,577

5,411476

Table 12.—Mideast

19731

185,228

161,47410,82012,9341,077

11,858

1,490183,738

150,147518

(D)(D)

782472

(D)(D)

19010,789

48,688(D)(D)(D)3,3611,6723,6584,262(D)(D)(D)(D)

(D)386665

5,2893,1704,9705,0711,506(D)

2521,9352,5051,221

14,5971,420( D )

9462,6554,036(D)

12,05417,90211,9013,2818,620

32,917986

1,5351,2046,9121,254

21,026

33,5919,5791,710

22,302

185,2289,524

175,704-2,401

173,30330,70227,695

231,700

5,41742,773

1974 1

198,882

173,43112,19313,258

91812,341

1,393197,489

161,235583

(D)(D)1,044

646(D)(D)

20411, 015

52,34921,2803,461(D)3,2581,8203,8554,865(D)(D)(D)(D)

31,068400684

6,1663,4875,548(D)(D)(D)

2472,0512,7161,264

15,5351,537(D)1,0182,8424,294(D)

13,29218,75012,6413,7828,860

36,0261,0091,5651,2467,4571,307

23,442

36,25410,4071,694

24,153

198,88210,545

1SS,337-2,714

185,62335,07432,204

252,901

5,92942,651

1975 2

208,193

180,42013,96813,805

76613,040

1,272206,921

167, 717577457121

1,21781413563

20410,032

52,44921,5953,6541,2483,1821,7853,9885,013

93494

1,225471

30,854440

(D)5,6783,6745,7855,3701,710(D)(*)2,0112,9031,253

16,1701,5173,2391,030(D)(D)(D)

14,12019,72413,7774,2089,570

39,651980

1,5711,2947,9441,383

26,479

39,20411,2621,672

26,271

208,19311,015

197,178-2,977

194,20138,12540,292

272,618

6,38742,682

1976 2

224,184

192,93716,12315,123

84314,281

1,395222,789

181,647616468148

1,33692812869

21010,018

56,98923,5593,9421,3043,5012,0184,2785,4711,010

921,416

528

33,430517

(D)6,1134,0346,1325,7651,757(D)(*)2,1903,1351,390

17,8221,6633,5501,102(D)(D)(D)

15,23121,46015,0724,574

10,498

43,1031,0381,6241,4308,5911,488

28,932

41,14212,1501,719

27,273

224,18411,707

21J, 477-3,320

209,15842,37844,193

295,728

6,92442,711

Line

1

23456

78

9101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

5657

559606162

63646566

6768

6370

717273

74

7576



Tables 13-21.—Personal Income

[Millions

Line ItemTable 13.—Delaware Table 14.—District of Columbia

19731 19741 19752 1976219731 19741 1975 2 19762

Table 15.—Maryland

19731 19741 1975 2 1976 2

101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

56575859606162

63646566


Total labor and proprietors income 3 4

By type

Wage and salary disbursements _.Other labor incomeProprietors income 4

FarmNonfarm 4

By industry

Farm --Nonfarm

Private. - -Agricultural services, forestry, fisheries, and other s

Agricultural services —Forestry, fisheries, and other 5

MiningCoal miningOil and gas extractionMetal miningNonmetallic minerals, except fuels

Construction


Food and kindred productsTex tile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal productsTobacco manufacturesRubber and miscellaneous plastics productsLeather and leather products

Durable goodsLumber and wood productsFurniture and fixturesPrimary metal industriesFabricated metal productsMachinery, except electricalElectric and electronic equipmentTransportation equipment except motor vehiclesMotor vehicles and equipmentOrdnanceStone, clay, and glass productsInstruments and related productsMiscellaneous manufacturing industries

Transportation and public utilitiesRailroad transportationTrucking and warehousingWater transportationOther transportationCommunicationElectric, gas, and sanitary services

Wholesale tradeRetail tradeFinance, insurance, and real estate


ServicesHotels and other lodging placesPersonal servicesPrivate householdsBusiness and repair servicesAmusement and recreation including motion picturesProfessional, social, and related services

Government and government enterprisesFederal, civilianFederal, militaryState and local


Total labor and proprietors income by place of workLess: Personal contributions for social insurance by place of work


Net labor and proprietors income by place of residencePlus: Dividends, interest, and rent 7


Personal income by place of residence

Per capita income (dollars) . . .Total population (thousands)

2,708

2,310177221

90131

100

2,2228713

(*)2

()196

1,015)

111019

54320

(*)48

8171

148

( )

11313795

2791153877

1219266914

222

6258

266

2,708130

2, 578-105

2,473489270

3,232

2,892

2,48719820669

137

2,811

2,39088

(*)5

(*)4

202

1,100

221220

63922

(*)39

()

921

1

156

(

133339

1142851204477

3991421277915

243

4217260

289

2,892150

2,741-108

2,633538335

3,506

3,024

2,58821821779

138

902,934

2,474

197

1,133

30132266224

(*)

(*)8

20

166

(16

1243061305080

4058

2128

(D)16

4608062

318

3,024160

2,863-113

2,750566440

3,756

3,285

2,80025622975

154

863,199

2,712

(*)

205

1,244

36162468529

(*)

((*)

925

(D)

190(D)(D)(D)17

(1293361395287

454

4878365

339

3,285172

3,114-125

2,989628476

4,092

7,375

6,947258170

(*)170

(*)7,375

3,44245

1(D)

1(D)(D)276

22420119

(*)1

(*)1764

(D)(*)(D)

231

(*)24144

(*)(*)

512

448(D)181

127208(D)207392320

76244

1,528624272

24430

1,078

3,070220644

7,375410

6,966-3,913

3,053636815

4,504

8,025

7,548315162

(*)8,025

3,79051

()2

(D)1

(D)(D)335

24822219

(*)(*)(*)1974

(D)(*)(D)

251

(*)2425

(*)41

505(D)202

140224(D)21840134387256

1,68763427526030

1,219

4,2353,317230

8,025455

7,570-4,419

3,150767940

4,857

8,602

8,043401159(*)159

C)8,602

4,03454

()2

(D)1

(D)(D)297

()

(D)198

(D)(D)(*)(D)

(3355

(D)1

(*)31

538

145

21542338395

288

(25

4,5683,558242768

8,602

8,117-4, 850

3,267862

1,135

5,264

9,465

8,825469171(*)171

9,465

4,31966

1(D)(D)279

278(D)(D)(D)(*)(D)213

(D)(D)(*)(D)

590

(156

(226450416106311

2,011804086(D)26

5,1464,042255849

9,465530

8,935-5,447

3,488948

1,226

5,662

16,058

13,908816

1,335188

1,147

23115, 827

11,47357498

2151

(*)15

1,263

2,8291,090298

(D)13610121819314

(D)10414

1,73936415271481851581441811251352930

1,0001392717172

265181835

1,905781144636

2,7835114511367086

1,719

4,3551,879501

1,976

16,058819

15,2392,444

17,6832,3272,123

22,133

17,315

15,154945

1,216123

1,093

17517,140

12,45858517

2482

(*)13

1,354

3,088(D)

()12611123919917

(D)11014

3942604173201(D)1731851341473233

1,0891463038482285189945

2,035830171659

3,0365314911771294

1,912

4,6822,039499

2,145

17,315970

16, 3452,671

19,0162,6112,539

24,165

18,271

15,9061,0971,268144

1,124

19918, 072

13,0115752626121

(*)13

1,236

3,078(D)328(D)120(D)245

)115

(3732559161200359180(D)(*)1332931

1,1251432909284

312205

1,0112,211888194694

3,3786215712177195

2,173

5,0612,204472

2,384

18,2711,032

17,2382,870

20,1092,8553,153

26,117

19,807

17,1351,2811,392155

1,237

22219, 585

14,18362566

29131

(*)15

1,354

3,284(D)342

(D)120

(D)264

()116

()4641601178215387185(D>(*)1383535

1,293157340100104366225

1,1102,401943201743

3,70766163134821100

2,422

5,4022,313467

2,622

19,8071,102

18, 7053,179

21, 8843,1653,465

28,514

5,636573

6,072577

6,483579

7,030582

6,119736

6,738721

7,398712

8,067702

5,4334,074

5,9094,089

6,3364,122

6,8804,145

See footnotes on page 18.


August 1977 SUEVEY OF CUEEENT BUSINESS 21


of dollars]

Table 16.—New Jersey

1973 *

30,750

26,5931,9532,204

712,133

12930,620

25, 9749286648

(D)(D)

441,888

9,7094,694679309475447493

1,6731663

37973

5,01450100433797922

1,25011822910459425221

2,514142858213329577395

2,0203,2051,449334

1,116

5,048125263156

1,274135

3,095

4,647879360

3,408

30,7501,643

29,1073,741

32,8485,2784,280

42,406

5,7907,324

1974 1

33,167

28,6422,1922,333

742, 259

12933,038

27,93210799849

(D)(D)

411,900

10,4005,138714303461507540

1,9672133

36070

5,26250102475858

1,0111,3231152077

489386239

2,693149920227364624409

2,2633,3841,551382

1,169

5,584126271162

1,412147

3,466

5,1061,025322

3,758

33,1671,802

31,3653,871

35,2365,9715,027

46,234

6,3147,322

1975 2

34,393

29,5632,4632,367

422,325

10234,291

28,8159992746

(D)(D

638

1,727

10,441(D)747288461469567

2,019242(D)36870

(D)(D)(D)417874

1,0561,266

98216(*)481425224

2,786146887226(D)(D)421

2,4653,5901,647414

1,234

6,014120282168

1,474163

3,807

5,4761,095304

4,077

34,3931,905

32,4884,030

36,5186,5856,488

49,591

6,7637,333

1976 2

37,480

32,0112,8722,596

502,546

11537,364

31,487106961050

(D)(D)

738

1,699

11,363(D)814296513506615

2,237265(D)43477

(D)(D)(D)418955

1,1171,329

98272(*)518474258

3,138160

247(D)(D)461

2,7473,9411,879500

1,379

6,564123283186

1,616175

4,181

5,8771,226322

4,329

37,4802,031

35,4494,296

39,7457,3437,064

54,152

7,3817,336

Table 17.—New York

1973 i

82,122

72,2884,6015,233344

4,888

50081,623

67,685214167471421472766

4,209

18,9368,1571,248565

1,792602

2,0261,09422745301259

10,779147275

1,018953

2,2151,93663963347570

1,656692

6,953450

1,010531

1,8222,220919

6,3197,4727,1272,1025,025

16,313486671594

3,516790

10,256

13,9372,104376

11,457

82,1224,075

78,047-4,178

73,86914,99812,601

101,468

5,57118,213

1974 1

87,152

76,6785,0605,414292

5,121

47186,681

71,593245193521703673170

4,080

19,9548,3871,282553

1,729641

2,1041,20527345301253

11,566150286

1,136992

2,4612,01274060943587

1,846705

7,281471

1,018556

1,9262,339972

£,8537,7287,5622,4285,134

17,720505673615

3,749813

11,365

15,0882,276381

12,431

87,1524,515

82, 637-4,325

78, 31317,28314,581

110,177

6,08718,101

1975 2

90,569

79,4125,7725,385217

5,168

40790,162

73,985237183531773693570

3,493

19,823(D)1,327502

1,691640

2,1481,226285

(D)295240

(D)(D)245994

1,0332,4682,017739571(*)561

1,975672

7,619457964557

2,0032,5951,0447,1417,8848,2642,7125,552

19,347481637639

3,992841

12,758

16,1772,462372

13,342

90,5694,630

85,939-4,495

81,44318, 67218,132

118,248

6,54218,076

1976 2

96,013

83,5446,5925,877251

5,626

43595,578

79,251249183651744603872

3,265

21,600(D)1,403518

1,850741

2,2931,354316

(D)35226*

(D)(D)253

1,1141,1272,6552,178764744(*)605

2,118741

8,247501

1,014586

2,1752,8131,1577,5868,4468,9802,9156,065

20,704485662706

4,284907

13, 659

16,3272,494390

13,443

96,0134,876

91,138-4,770

86,36720,77119,787

126,925

7,01918,084

Table 18.—Pennsylvania

1973 1

46,215

39,4283,0153,772383

3,389

53145,684

39,352102993

568466191964

2,956

15,9765,3011,00746994851272875528748395151

10,675148247

3,2791,2471,6231,71559733970758377275

3,534636

1,011123294735735

2,5774,6482,109587

1,522

6,882250394243

1,138200

4,656

6,3321,586196

4,551

46,2152,447

43,768-390

43,3776,9747,605

57,956

4,89011,853

1974 1

50,333

42,9213,4833,928359

3,569

53849,794

43,0721141123

794634631878

3,144

17,5595,5491,06446591954775585032348432146

12,010156251

3,9141,4311,8481,80465236162816429285

3,810700

1,088142317789775

2,8984,9172,236670

1,565

7,599250409251

1,244208

5,237

6,7231,677203

4,843

50,3332,654

47, 679-403

47,2767,9048,783

63,962

5,40211,841

1975 2

53,334

44,9084,0174,410284

4,126

47552, 860

45,3971221202

961799

(D)(D)(D)3,082

17,7125,6791,16043787954380989836243404143

12,033197188

3,6721,5772,0321,715682369(*)824452324

3,935699

1,043146334878835

3,1645,3102,465743

1,722

8,647241433261

1,370243

6,099

7,4621,862219

5,382

53,3342,801

50,533-419

50,1148,58410,944

69, 642

5,87211,860

1976 2

58,135

48,6214,6534,860312

4,548

53657,598

49, 6961251232

1,074908

(D)(D)(D)3,217

19,2206,2571,28446798162386998537838466165

12,964239201

3,9431,7462,1151,856700411(*)917482353

4,365766

1,165159356998920

3,4325,8852,715800

1,915

9,663275453288

1,501265

6,882

7,9021,992220

5,690

58,1352,997

55,137-452

54,6859,52312,176

76,385

6,43911,862

Table 19.—

19731

173,609

146,53111,74515,3334,71510,618

5,289168,320

145,63836034812931417122102290

9,819

65,661(D)3,842(D)757

1,9702,9762,79657610

2,590314

(D)646

1,0337,7906,64610,3166,1711,64311,463

(D)1,945923816

11,7741,9683,743150

1,1542,6222,13610,07017,0547,5351,8325,703

22,434648

1,431671

3,955772

14,957

22, 6823,972970

17,740

173,6098,327

165,281392

165, 67325,69821,364

212,735

5,20940,837

1974 1

185,051

157,43213,08214,5363,91310,623

4,597180,454

156, 08639338211

1,218517268116318

10,160

69,262(D)4,164(D)756

2,1053,1323,14966810

2,700319

(D)672

1,0588,8046,83011,5226,2941,70011,038

(D)2,0231,010885

12,5652,0233,964153

1,2402,8962,29011,50618,2517,9972,0925,905

24,735698

1,491694

4,350805

16,697

24,3674,3211,03419,012

185,0519,499

175,552442

175,99429,48125, 308

230,783

5,64240,901

Great Lakes

1975 2

192,701

161,67415,08615,9405,08210,858

5,852186,848

160,0393853769

1,421(D)(D)(D)326

9,892

68,14617,6294,539195718

2,0873,2273,29868910

2,585281

50,517751940

7,8137,19611,4435,8371,76810,774

(*)2,0681,097830

12,9022,0093,725160

1,3133,2272,46812,54618,9068,6322,3486,284

27,208679

1,482721

4,664(D)(D)

26,8104,6571,064

21,088

192,7019,744

182,256495

183,45131,96732,067

247,484

6,04440,946

1976 2

213,792

180,87717,12515,7913,79611,995

4,658209,134

180,43552551411

1,542(D)(D)(D)335

10,867

78,52219,9294,943217883

2,4803,5983,70079511

2,984318

58,593889

1,0729,0308,31312,4986,5641, 97113,746

(*)2,3401,249921

14,3512,2014,262180

1,4483,4982,76313,45021,07410,2643,0617,203

29,841727

1,556797

5,195(D)(D)

28,6994,9501,111

22,639

213,79210,865

202,928584

203,51135,49134,707

273,709

6,68740,934

Table 20.—Illinois

1973 1

50,857

43,0293,0534,7751,6433,132

1,77949,079

42,2591071043

33119542193

3,061

15,936(D)1,445(D)234443

1,3048122764

486102

(D)121286

1,5381,7583,0032,107326363(D)449458352

4,051779

1,12939646838619

3,6305,0322,805673

2,132

7,306243430190

1,471258

4,714

6,8201,288382

5,150

50,8572,440

48, 418221

48,6398,3976,282

63,317

5,66511,177

1974 1

55,098

47,0813,4864,5301,4103,120

1,56153,537

46,2111131094

42722697

(*)103

3,134

17,389(D)1,546(D)235485

1,3739123295

528106

(D)118286

1,7721,8633,4802,166387368(D)463508382

4,406828

1,20839709963659

4,1535,4063,035776

2,259

8,149265449197

1,613265

5,359

7,3261,404414

5,507

55,0982,828

52,270234

52,5049,6827,161

69,347

6,21411,160

1975 2

58,772

48,9904,3725,4102,1763,233

2,36456,408

48,193109

(D)(D)508

(D)(D)(D)113

3,162

17,302(D)1,663(D)211493

1,398959334

(D)51174

(D)122261

1,5821,8943,5711,992(D)357(*)498(D)369

4,553819

1,152(D)(D)

1,067710

4,5805,5833,396895

2,502

8,998249425205

1,810276

6,034

8,2151,511435

6,269

58,7722,932

55,840240

56,08010, 6609,058

75,798

6,76911,198

19762

63,516

54,4854,2164,8151,2703,546

1,50162,014

53,387222

(D)(D)531

(D)(D)(D)114

3,573

18,858(D)1,773(D)244593

1,6101,090406

(D)56783

(D)139290

1,6732,0713,7562,128(D)384(*)549(D)407

4,993897

1,302(D)(D)

1,103805

4,8606,2404,4241,4762,948

9,686252443226

1,961277

6,526

8,6271,513478

6,637

63,5163,262

60,254306

60,56011,83710,106

82,503

7,34711,229

Table 21.—Indiana

19731

21,546

17,5401,4782,5291,1611,368

1,25420,292

17,8193635191523

(*)36

1,210

8,9161,784402681162286404961

33017

7,132121232

1,626672892

1,521517

1,068532726790

1,373253464782289278990

2,077845210635

2,281701769032759

1,558

2,473494114

1,866

21,546970

20,57628

20,6042,9482,424

25,977

4,9015,301

1974 1

22,505

18,8151,6532,036597

1,439

71821,786

19,15239381

1226120

(*)42

1,291

9,4121,9164306861733094521031

33817

7,495118233

1,858703

1,0041,460502

1,1064828380101

1,483269503889318297

1,1592,223903242661

2,519781869337062

1,729

2,635539125

1,971

22,5051,146

21,35836

21,3943,4652,858

27,717

5,2165,313

1975 2

23,379

19,1381,8162,426990

1,436

1,12522,254

19,37238

(D)(D)142

(D)(D)(D)45

1,258

9,099(D)466

(D)8116932246398

(D)32516

(D)180187

1,733736975

1,378(D)992(*)28694104

1,523268481990353322

1,3142,288955267687

2,756791869739766

1,930

2,882580119

2,183

23,3791,174

22,20555

22,2603,7673,575

29,602

5,5725,313

1976 2

26,300

21,6112,2012,488904

1,585

1,05925,241

22,09943

(D)(D)168

(D)(D)(D)49

1,387

10,637(D)514

(D)9520235849696

(D)38718

(D)222219

2,040841

1,0891,661(D)

1,253(*)333111115

1,7162945611197395358

1,4552,5711,062293769

3,0608919410743973

2,157

3,142619114

2,409

26,3001,306

24,99446

25,0404,1643,786

32,990

6,2225,302

Line

1

23456

78

9101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

56575859606162

63646566

6768

6970

717273

74

7576



Tables 22-30.—Personal Income[Millions

Line ItemTable 22.—Michigan

1973 1 1974 1 1975 2 1976

Table 23.—Ohio

19731 1974 1 1975 2 1976 2

Table 24.—Wisconsin

1973 1 1974 1 1975 2 1976


Total labor and proprietors income 3 *_

By type

Wage and salary disbursementsOther labor income ._Proprietors income 4

Farm _Nonfarm* _

By industry

FarmNonfarm.

Private..Agricultural services, forestry, fisheries, and other 5

Agricultural servicesForestry, fisheries, and other s

MiningCoalminingOil and gas extractionMetal miningNonmetallic minerals, except fuels

Construction

M anufact uringNondurable goods

Food and kindred productsTextile mill productsApparel and other textile productsPaper .and allied productsPrinting and publishing -Chemicals and allied productsPetroleum and coal products, xTobacco manufacturesRubber and miscellaneous plastics products.Leather and leather products

Durable goodsLumber and wood productsFurniture and fixturesPrimary metal industriesFabricated metal productsMachinery, except electricalElectric and electronic epuipmentTransportation epuipment except motor vehicles-Motor vehicles and epuipmentOrdnanceStone, clay, aud glass productsInstruments and related productsMiscellaneous manufacturing industries

Transportation and public utilitiesRailroad transportationTrucking and warehousingWater transportationOther transportationC ommuni cationElectric, gas, and sanitary services

Wholesale tradeRetail tradeFinance, insurance, and real estate..


ServicesHotels and other lodging placesPersonal servicesPrivate householdsBusiness and repair servicesAmusement and recreation including motion pictures..Professional, social, and related services



Total labor and proprietors income by place of workLess: Personal contributions for social insurance by place of work_


Net labor and proprietors income by place of residence_.Plus: Dividends, interest, and rent 7Plus: Transfer payments


40,225

34,1843,2442,797

4692,327

585

34,23379763

169(*)

229057

2,100

17,2892,633

57422

26031739564747

(*)33734

14,656128246

1,6051,7622,224

550120

7,46543

300103109

2,18626168419

158559506

2,1543,7971,402

3771,025

5,057112317143871169

3,445

5,406672193

4,542

40,2251,929

38, 296206

38,5025,1754,780

48,457

41,724

35,5123,4652,747

5352,212

41,055

35,16287853

2111

4610262

2,121

17,1442,753

61720

23932639673957

(*)32831

14,391138260

1,7371,6602,375

56598

6,96747

307119117

2,27225969319

168601531

2,4113,9711,467

4311,037

5,477112322147940177

3,779

5,893734198

4,961

41,7242,072

39,652215

39,8675,8615,945

51, 674

42,219

35,8033,8212,594

4572,137

58041,638

35,19385

)242

1

()59

1,879

16,6202,811

68237

23132140476155

(*)28833

13,810134233

1,4641,7242,187

518165

6,860(*)

299127

2,339256632

(()

682576

2,4314,1321,550

4731,077

5,914117320153970

6,446795196

5,455

42,2192,092

40,127235

40,3626,3507,752

54,463

48,399

40,9644,7212,715339

2,375

47247,927

41,04693

(D)(D)

2501

(D)(D)

622,057

20,5933,2727564732438243586059

(*)37139

17,321154273

1,8362,1442,465593201

9,056)

343142113

2 632280741

(D)(D)748647

2,5294,5931,725515

1,210

6,574139341169

1,139(D)(D)

6,881872207

5,801

48,3992,424

45,975262

46,2377,0838,165

61,485

6,7549,104

43,882

37,7992,9073,176590

2,586

71343,170

37,61492902

30616955873

2,450

17,4744,543796931354927128071514

1,29758

12,930121182

2,6171,9402,8241,399585

2,01060822196176

3,104521

1,10372186696526

2,4184,3191,772396

1,376

5,681159369186988216

3,762

5,5561,228231

4,097

43,8822,116

41,766-314

41,4526,4435,552

53,448

4,97410,745

47,266

40,6773,2703,318

6902,628

46,438

40,501102101

2418229 I103

977

2,566

18,6474,846

86176

147525749909172

31,346

58

13,801126188

2,9542,0163,0981,463

6212,016

61862205191

3,265505

1,16677

186754577

2,7704,6711,825

4471,378

6,237175

1,089227

4,168

5,9371,327

2464,364

47, 2662,458

44,808-315

44, 4937,2846,622

58,399

48,732

41,5843,6673,481

7342,747

90947,823

41,40898971

488304

()75

2,562

18,2694,942

92565

146496782975196

31,303

52

13, 327132174

2,6522,1423,0621,375597

1,030(*)877225163

3,312504

1,081(D)()

837620

3,0294,9001,892

4981,394

6,857160397200

1,121256

4,724

6,4151,424

2634,728

48,7322,495

46,237-318

45,9197,7398,322

61, 981

54,076

46,0404,3303,706662

3,044

86453,213

46,2641061042

554349

(()

782,738

20,7475,5521,026

71163584845

1,1012263

1,47659

15,195155191

3,0722,4733,3671,545643

2,311(*)994263180

3,704552

1,233(D)()932683

3,3055,4392,109542

1,5677,562173414221

1,239269

5,246

6,9491,549255

5,145

54, 0762,733

51,343-342

51,0018,5598,980

68,541

17,098

13,9791,0632,056851

1,205

95816,140

13,7144644333

(*)(*)

430

6,0471,94062654475562791275

(*)142104

4,10615588404514

1,3735939655836103

1,0601543631282239208878

1,830711175536

2,110641396229870

1,478

2,42729151

2,084

17,098872

16, 226251

16,4772,7342,324

21,536

18,458

15,3471,2071,905681

1,224

82017,638

15,0615250340

(*)2533

1,047

2,12470954495963051377

(*)160107

4,54517291483588

1,56563992580351099795

1,1391623941087259226

1,0141,980767196570

2,353691486433874

1,661

2,57731751

2,209

18,458995

17,463273

17,7363,1892,722

23,646

19,599

16,1601,409

20,030725

1,305

87418,725

15,8735554241

C)()()

341,030

6,855(D)80350496083221417

(D)159106

()18384382700

1,647573(D)635C)109(D)

96

1,1751623791295288239

1,1922,003839216624

2,683751556636581

1,940

2,85234851

2,453

19,5991,052

18,547282

18,8293,4513,360

25,640

21,501

17,7761,6582,067621

1,446

76220,739

17,6406159239

(*)(D)()

321,112

7,687(D)87555577193501537

(D)184119

()21998409784

1,822637(D)741(*)122(D)106

1,30717742412105319269

1,3022,231944235709

2,958741637341686

2,146

3,09939756

2,647

21,5011,139

20,362311

20,6733,8473,670

28,190

Per capita income (dollars)...Total population (thousands) _

5,3399,075

5,6689,117

5,9789,111

5,43510,745

5,77410,735

6,41210,690

4,7454,539

5,1794,566

5.588 !4.589 i

6,1174,609

See footnotes on p. 18.



by Major Sources, 1973-76of dollars]

Table 25.—Plains

1973 1

67,28

47,7453,3416,20010,9405,260

11,56955,717

45,902219

(D)(D)4693675

(D)( )3,786

13,9415,519(D)

53(D)(D)949605104

(*)383196

8,422259

(D)434958

2,3161,2311,025834

(D)448317230

5,1641,1411,452

69649

1,021833

3,9927,0253,023782

2,241

8,283288555310

1,306(D)(D)

9,8152,077981

6,758

67,2863,096

64,190-531

63,659] 1,3988,725

83, 781

5,03916,627

19741

68,28

52,643,82511,8156,4355,380

7,15861,123

50,542(D)(D)(D)64657

(D)( )(D)(D)

15,322(D)2,462(D)345

(D)1,027692123

(D)416202

(D)

277203526

1,1002,6561,354(D)814

(D)(D)356262

5,6091,2081,579(D)(p)1,127(D)4,6897,6123,210(D)(D)

(D)314585320

1,423278(D)

0,5812,2961,0247,260

8,2813,646

4,635-563

4,0723,5040,198

7,774

5,27016,658

19742

72,48

56,404,56811,5106,0205,490

6,79665,687

53,906206202

1

715(D)188

(D)(D)4,318

15,7456,3532,614

56(D)( )1,105733127(*)433189

9,392311179491

1,3222,8511,1391,142789(*)512411244

5,9131,2031,554(D)(D)1,301967

5,7187,5913,530986

2,544

0,170318608333

1,654305

6,953

1,7812,5481,0268,207

2,4833,925

8,558-583

7,9754,9132,354

5,243

5,70016, 691

1976 2

77,524

62,7665,4489,3103,2516,059

4,13973,385

60,693221217j

802(D)216

(D)( )4,919

17,8297,1292,900

58(D)(D)1,235835158(*)493217

10,700379208541

1,4403,1681,3191,2661,025(*)591483280

6,6251,3181,765(D)(D)1,4771,0826,3148,6183,9611,0872,874

11,405365644368

1,868337

7,823

2,6922,651l,07C8,971

7,5244,278

3,246-666

2,58f6,4753,54G

02,60(

6,10516,805

Table 26.—Iowa

1973 1

11,561

7,420522

3,6192,6001,019

2,7428,819

7,4364645]36

(E>)1

(E>)30583

2,612(D)( )

9(D)

4112978j

(*)112

1

(D)

52(D)' 115159742255445335742349

7011392431

32150137546

1,195481128352

1,236419054178

(D)(D)

1,38321831

1,133

11,561517

11,04593

11,1372,1881,462

14,787

5,1682,861

1974 1

11,469

8,401612

2,4561,3961,059

1,5549,915

8,422494915517

(*)36696

3,0061,087642

(E))244514197

(D)1216

1,9195745134199885294366630822664

779158268135167150660

1,298514145369

1,365449756194

(D)(D)

1,49323532

1,226

11,469594

10,875100

10,9752,5661,682

15,224

5,3292,856

1975 2

12,429

8,992735

2,7021,6011,101

1,77710,652

8,94041

(D)(E>)50

(D)(D)(D)39733

3,044

657(D)2540152913

(*)124

(D)

(D)

5840118224

1,0371844748

(*)96

(D)59

814157258

(D)(D)192169936

1,136567161406

1,5183910458220

(D)(D)

1,71126233

1,417

12,429637

11,791119

11,9102,8362,037

10, 783

5,8672,861

1976 2

13,106

10,162879

2,065851

1,214

1,07712,030

10,13044

(D)(D)49

(D)(D)(E>)37851

3,403

740(P)29451751063

(*)128

(D)

(D)

7048134244

1,1132115465

(*)116

(D)70

899172289

(D)(D)211184

1,0551,433645177468

1,7514611064255

(D)(D)

1,90028434

1,582

13,106696

12,411124

12,5353,1262,262

17,923

6,2452,870

Table 27.—Kansas

1973 1

8,656

6,061426

2,1701,373797

1,4637,194

5,7323636

(*)80

(D)61

12479

1,633601212127331258248

C)702

1,033161937109202563618810912418

696233183139121119449959358102256

1,04124784615928707

1,462287287888

8,656415

8,241557

8,7981,6741,189

11,661

5,1432,267

1974 1

8,975

6,762502

1,711862849

9668,009

6,4383231

(*)175

(D)155

15542

1,833665244

(*)29361349258

(*)702

1,168181946122258624107710952822

756245205144

(D)(D)540

1,031386119268

1,14228834817427782

1,571316301954

8,975507

8,467588

9,0562,0231,380

12,458

5,4982,266

1975 2

9,581

7,427613

1,541623918

7398,842

7,1132828

(*)172

(D)146

(D)(D)583

2,017730266

(*)303614510964

(*)782

1,287(D)

18411542627347294

(*)92

(D)18

819245216158160140717

1,046436133302

1,29529895019928901

1,728342295

1,092

9,581554

9,027616

9,6432,2881,655

13,587

5,9592,280

19762

10,532

8,302733

1,498488

1,010

6179,915

8,0443030

(*)194

(D)164

(D)(D)682

2,247814300

(*)324216312374

(*)782

1,433(D)203817128288478146

(*)112

22

918268247166180156806

1,192504149355

1,47133955522931

1,028

1,871375294

1,202

10,532608

9,925683

10,6082,5001,837

14,945

6,4692,310

Table 28.—Minnesota

1973 1

16,354

12,1738?0

3,3102,2261,085

2,34114,012

11,71146442

188(*)(*)17017973

3,6881,52653625614442677624

(*)7320

2,1629242822598273136473709217574

1,21625730635212211196

1,0931,655756187569

2,096781255934068

1,426

2,30136159

1,881

16,354796

15,558-31

15,5262,3262,038

19,890

5,1163,888

1974 1

16,934

13,364996

2,5741,5201,053

1,66015,274

12,82251491

20212

18118

1,034

4,0451,66358225624852888529

(*)8523

2,3839742973019053665980589819981

1,31326133233235232219

1,2911,791798211587

2,298881316135975

1,583

2,45239359

1,999

16,934926

16,007-30

15,9782,7902,400

21,168

5,4213,905

1975 2

17,659

14,3821,2022,0741,0631,011

1,23916,420

13,65647461

254(D)(E))23023

1,058

4,168(D)612

(D)5651731987

(D)(*)9424

(D)

11033814489272455088

(*)108

73

1,36726133135247270223

1,5291,810884234650

2,53989131

418(D)(D)

2,76444960

2,254

17,659994

16,665-26

16,6393,1062,851

22,597

5,7623,921

1976 2

19,005

15,8581,4181,729609

1,120

79718,209

15,26251501

293(D)(E))26225

1,194

4,692(D)685

(D)6057035896

(D)(*)11625

(D)

1353890483

1,02230355102

(*)122

82

1,53728637335291305248

1,6552,034990257732

2,810106139

470

(D)

2,94745263

2,433

19,0051,079

17,927-28

17,8993,4683,148

24,515

6,1833,965

Table 29.—Missouri

1973 1

18,659

15,1111,0922,4571,0681,389

1,15917,499

14,73248471

1062024342

1,085

4,8371,8555311421413734333918

(*)91168

2,9827470188338409477512593371436873

1,74027449532325343271

1,2972,025952230722

2,64189177101447102

1,725

2,767799256

1,713

18,659864

17,795-995

16,8012,9582,624

22,383

4,6984,765

1974 1

19,424

16,2801,2101,934538

1,395

63418,789

15, 77851501

1272654749

1,102

5,1171,9875641421314637438521

(*)99170

3,1307971229371

(D)498

559351577378

1,85327752338361372281

1,4782,182992257730

2,87894182105489105

1,902

3,011888273

1,850

19,4241,018

18,406-1,049

17,3573,4823,102

23,940

5,0174,772

1975 2

20,454

17,1001,3971,957600

1,357

69219,761

16,4614948

(*)141

(D)(D)(D)52

1,148

5,119(D)605

(D)20515139141920

(*)98

(D)(D)

67230400429506528518

(*)162

78

1,95027349842417423297

1,5712,2141,060284775

3,209105186109584118

2,108

3,300961275

2,064

20,4541,073

19,380-1,094

18,2863,8763,861

26,023

5,4594,767

1976 2

22,426

18,9451,6731,808308

1,500

40822, 018

18,49753531

151

(D)52

1,264

5,890

659(D)23617542947633

(*)118

(D)

(D)77254430512571629661C)179

88

2,19929957.348447491342

1,7202,4871,165311854

3,569117197120651131

2,353

3,5211,002292

2,227

22,4261,168

21,258-1,223

20,0364,3034,156

28,494

5,9634,778

Table 30.—Nebraska

1973 1

6,183

4,172270

1,7401,169572

1,2714,911

3,9332323

(*)15

(*)3

(*)12396

8834142644101558272

(*)341

4701226117897116361912282312

508176140

(*)251234333269132278244

76228512712622509

979192142644

6,183287

5,895-101

5,7941,294763

7,851

5,1241,532

1974 1

6,100

4,657316

1,127537590

6565,445

4,3792525

(*)28113

(*)14431

9814713066111761293

(*)371

5091224199111311937234312512

572200155

(*)291404839275234889259

84930562814222572

1,066220147699

6,100338

5,762-112

5,6501,472879

8,001

5,1931,541

1975 2

6,959

4,978382

1,599977623

1,0895,869

4,6902422226112

(*)13439

999(D)337

(D)111666243

(*)35

(D)(D)

1921801261092230

(•)

31(D)

11

600200154

(D)(D)1625353972538799287

9523058

15523

(D)

1,179235150793

6,959372

6,586-127

6,4591,5361,060

9,061

5,8701,544

1976 2

7,153

5,567454

1,131446686

5806,573

5,2872524128113

(*)15508

1,141(D)361

(E>)131974293

(*)48

(D)

(D)(D)2224911561262537

(*)36

(D)12

667219174

(D)(D)18360607821432109323

1,0593361

i7925

(D)

1,286245162878

7,153406

6,747-143

6,6041,6871,159

9,450

6,0861,553

Line

1

23456

78

9101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

56575859600162

63646566

6768

6970

717273

74

7576




[Millions

Line ItemTable 31.—North Dakota

1973 i 19741 1975 2!

1976 2

Table 32.—South Dakota

1973! 19741 19752 19752

Table 33.—Southeast

1973 1 1974 1 1975 2 1976 2

101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

565758596061



By type

Wage and salary disbursements.O ther labor incomeProprietors income 4

FarmNonfarm 4

By industry

FarmNonfarm

PrivateAgricultural services, forestry, fisheries, and other 5

Agricultural servicesForestry, fisheries, and other 5 _

MiningCoalmining.Oil and gas extractionMetal miningNonmetallic minerals, except fuels

Construction


Food and kindred productsTextile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied products _,Petroleum and coal productsTobacco manufacturesRubber and miscellaneous plastics productsLeather and leather products

Durable goods _Lumber and wood productsFurniture and fixturesPrimary metal industriesFabricated metal productsMachinery, except electrical ._.Electric and electronic equipmentTransportation equipment except motor vehicles.Motor vehicles and equipmentOrdnance.Stone, clay, and glass products.Instruments and related productsMiscellaneous manufacturing industries

Transportation and public utilities.Railroad transportationTrucking and warehousingWater transportationO ther transportationCommunicationElectric, gas, and sanitary services


BankingOther finance, insurance, and real estate. _

ServicesHotels and other lodging placesPersonal servicesPrivate householdsBusiness and repair servicesAmusement and recreation including motion picturesProfessional, social, and related services



Total labor and proprietors income by place of work.Less: Personal contributions for social insurance by place of work


Net labor and proprietors income by place of residencePlus: Dividends, interest, and rent"Plus: Transfer payments


Per capita income (dollars)Total population (thousands)

3,188

1,43575

1,6791,496

183

1,5421,646

1,1638

)143

1095432

()1416

(*)(*)(*)

(*)

(*)

(*)

1614534

(*)8

3935

160244

752650

247171610285

172

484104135244

3,188110

3,079- 5 7

3,021506316

3,842

2,948

1,62590

1,2331,028

205

1,0841,863

1,352(D)

1376237

(D)11

1516

(D)(*)C)

7621

(*)5

()(*)

1794737

)42

190274

84)

511116139256

134

2,813- 6 5

2,748632363

3,743

2,907

1,851117940714226

2,140

1,5598

)207

1847144

()(*)(*)(*)

11322

(*)6

5110223

12(*)

(*)

1944739

(*)9

5247

231278973563

322141911385

236

581154140287

2,907153

2,754- 7 6

2, 678682421

3,781

2,802

2,064141597348249

4142,388

1,7829

)247

1997846

(•)

(*)

12232

(*)

(*)

(*)

(*)

2185244

115953

26032611139

366162112425

271

606136148322

2,802165

2 ,637

2,550741469

3,761

1,37486

1,2251,008

217

1,0501,635

1,1951212

(*)28

(*)(*)

208

127

178(D)

77(*)

6()

1312

(*)31

11(*)(*)

9131256

(D)114

1411752

(*)9

3331

115256

793149

259101713298

181

44011669

254

2,685108

2,5774

2,581451334

3,367

2,431

1,551100780553227

6041,827

1,3501313

(*)31

( )219

147

202(D)

88(*)

6(D)

1523

(*)31

()111

(*)10161457

(D)126

1582059

(*)103733

140283873552

289111913338

205

477129

73276

2,431128

2,3045

2,309539392

3,240

2,496

1,675123697442254

4922,003

1,4869

()36

(D)(D)(D)(D)

149

214(D)

94(D)(D)(D)

17(D)

3(*)

3

()(*)(*)

101912

(*)11

2

1691960

()4337

1932811004000

33412211439

D)

51714473

300

2,496142

2,3536

2,359589463

3,411

2,499

1,867149483202280

2462,253

1,6919

)41

)173

257(D)

108(D)(D)(D)

18(D)

3(*)

4

(*)142512

10(*)

12

3

1882166

()4940

2123251134568

37414221542

56215877

327

2,499157

2,3426

2,348650515

3,512

156,650

129,4358,910

18,3056,260

12,045

7,394149,256

119,834630503127

2,5221,390

71734

38112, 005

37,46419,8222,9815,2332,5641,8871,3533,424(D)

6831,015(D)

17, 6421,8511,5302,0171,9952,1832,747(D)

763(D)

1,513361433

11, 6211,6862,857

5561,7782,8941,8519,156

16,9677,4571,7545,703

22,0131,1231,4261,6373,726(D)

29,4217,5535,545

16, 323

156,6507,959

148,6911,553

150, 24423, 57624,194

198, 014

170,816

142,99210,34817,4765,765

11,711

7,070163,746

131,149657523134

3,5962,047(D)

38(D)

12,720

40,62821,5033,2675,4032,6902,0531,4703,964(D)

()375

19,1251,9211,5512,4182,1832,5772,980(D)

782227

(D)434466

12, 6951,8173,062

6591,9353,2082,015

10, 59218, 224

7,9312,0415,890

24,1061,1691,4681,6944,140

32,5978,3166,029

18, 252

170, 8169,003

161,8131,812

163,62527,88029, 209

220, 714

178,939

150,22111,99016,7284,838

11,890

6,102172, 837

136,701661521140

4,3262,633(D)

()11,808

40,70322,0813,571(D)2,7102,1591,5544,163405(D)1,191367

18, 6221,9101,3452,3012,3552, 5902,8062,103738

(•)

1,570466439

13,4161,8083,009709

2,050)

(11, 66119,1648,2342,2525,981

26, 7271,2631,5151,7604,529868

16, 793

36,1379,2616,212

20, 664

178,9399,463

169,4772,028

171,50530, 68737, 204

239, 396

199,808

167,21914,32118,2695,00713,262

6,350193,458

154,433707552154

4,8973,014(D)

()12, 678

47,51625,7534,001(D)3,2552,5461,7484,721463(D)1,439430

21,7632,3041,6282,6802,6742,9913,3162,3281,028(*)1,780531502

15,0971,9813,432801

2,251D )(

12, 90821, 7989,2002,4416, 759

29,6321,4241,6231,9445,136960

18, 545

39,02510,1986,35022,478

199,80810,454

189, 3552,320

191,67534,07640,439

266,190

6,065634 636

5,936637

5,846643

4,949680

4,755681

5,011681

5,120 4,27846, 288

4,69047,062

5,02147, 677

5,52648,172



August 1977 SURVEY OF CUEEENT BUSINESS 25

by Major Sources, 1973-76of dollars]

Table 34.—Alabama

1973 1

10,911

8,955644

1,312494818

54510,366

8,18544251911188

•

14703

3,0441,42720534624623379144205

14010

1,617206516152011089117046

891523

7321281833532200155595

1,084441117325

1,430389014127328860

2,181774298

1,109

10,911567

10,345194

10,5381,2951,806

13,640

3,8523,541

19741

11,930

9,986763

1,182369813

42111,509

9,08645262015612614116807

3,3731,57022136426925984182186

15510

1,80420949703224139103173554991827

7951352023832219169699

1,173481136345

1,555449214628030963

2,424848316

1,259

1,930658

1,272207

1,4791,4902,163

5,132

4,2333,575

1975 2

12,770

10,638884

1,249382867

44012,330

9,66646

(D)(D)22918716

(*)26847

3,437(D)239344281283

(D)21214

(D)156

(D)

(D)20642668246133110194

(D)(*)1022325

8511352004234255185783

1,249528154374

1,696479715227132

1,096

2,664921315

1,428

2,770719

2,051224

2,2751,6642,754

6,693

4,6183,615

19762

14,437

11,9911,0601,386425962

48613,951

11,02448

(D)(D)26521719

(*)28946

3,973(D)266422344334(D)23223

(D)152(D)

(D)26255759282148141189

(D)(*)1183034

9801482334738305211889

1,429597172425

1,8985210516831335

1,225

2,9271,019330

1,578

4,437826

3,611253

3,8641,8413,009

8,714

5,1063,665

Table 35.—Arkansas

1973 1

6,020

4,36634

1,313739574

835,189

4,3423328

4C

16i

16380

1,5456591903282117556017

(*)5848

88617395669368172422613475734

436104134123928328167124370173

713295554112

(D)(D)

847207104537

6,020302

5,71921

5,740910

1,136

7,786

3,8302,033

1974 i

6,668

4,885397

1,386800587

8915,777

4,8223429565

37717420

1,7117322093585130627720

(*)6351

97919095869986188362913516837

4781101452251059132973825582172

79330565611922510

955229123603

6,668340

6,32819

6,3471,1181,371

8,835

4,2732,068

1975 2

6,880

5,157456

1,267658608

7376,143

5,0482621

69(D)

348

(D)441

1,665(D)22'

(D)83135

(D)86

(D)(D)

6653

(D)178806611194162

(D)(D)(*)527230

513110144

(D)(D)12510541075827293179

894345858138

(D)(D)

1,095258131706

6,880362

6,51915

6,5341,2661,707

9,507

4,5062,110

1976 2

7,568

5,869557

1,142463679

5427,026

5,8232723378

(D)3910

(D)486

2,008(D)256

(D)103173

(D)106

(D)(D)

8362

(D)20310288141120200

(D)(D)(*)607036

577120162

(D)(D)146115464874312105207

998386264152

(D)(D)

1,203279142782

7,568406

7,16313

7,1761,4001,832

10,408

4,9342,109

Table 36.—Florida

1973 i

28,001

23,5221,5472,932595

2,336

78227,129

22,18319717720109

(*)17686

3,187

3,6061,4944372417919928622614277728

2,1121429750284223386409151582406445

2,32217236186669705327

1,8153,7241,926337

1,589

5,297429286313959323

2,987

4,946946833

3,167

28,0011,421

26,580-28

26,5526,6845,312

38,549

4,9737,751

1974 i

30,479

26,0481,7802,652554

2,097

86229,617

24, 01920418420139

297

1023,276

3,8651,6304862318420730926717288029

2,2361569658303254447377201412547949

2,52119538696699786359

2,1264,0532,007398

1,609

5,828429300324

1,082344

3,350

5,5981,016923

3,658

30,4791,541

28,938-29

28,9097,9456,396

43, 251

5,3408,099

1975 2

31,250

26,6712,0162,563592

1,972

91230,338

23,9572320823136

(D)(D)(D)

972,478

3,8951,7835353018522332332817259224

2111171704431026745945313

(*)2067146

2,666193369102736877388

2,1384,1841,928431

1,497

6,302432299337

1,129354

3,751

6,3811,220945

4,216

31,2501,530

29,720-39

29,6828,4508,189

46,320

5,5968,277

1976 2

33,824

28,662,322,8258

2,24

9432,87

26,07242126133

(D)(D)(D)

92,307

4,321,98957140211254360365182611428

2,331196774932429152449916

(*)2119154

2,951212408108795980449

2,3324,7462,179448

1,731

6,865471318372

1,204393

4,107

6,8001,309978

4,513

33,8241,631

32,193-39

32,1559,4699,066

50,690

6,0208,421

Table 37.—Georgia

1973 i

17,689

14,76397

1,955725

1,230

83416,856

13,63267472071

(*)

681,197

4,196(D)44393739029716116416

(D)10422

(D)21677128176166139268257

(D)1532549

1,49120235520351366196

1,3721,947973228745

2,31910314820643971

1,353

3,224922542

1,760

17,689908

16,781-54

16,7272,2342,196

21,157

4,3914,819

1974 i

18,924

16,0771,101,746603

1,142

73818,186

14,6657251218

2;7i

1,203

4,3642 69147397039832517519415i

11620

1,67321373152181188160238217

c

1633052

1,64422237624396401224

1,6112,0821,039257782

2,57011214921348774

1,534

3,520992520

2,007

18,924986

17,938-60

17,8782,5862,692

23,156

4,7484,877

1975 2

19,490

16,5981,251,635517

1,11

67118,819

14,94265442278

(*)

751,065

4,328(D)52394439733518418217

(D)110

(D)

(D)21263159173192154217208

(*)161

(D)51

1,730218361

(D)(D)443

(D)1,7252,1041,069273796

2,777122149221524

(D)(D)

3,8771,109522

2,246

19,4901,013

18,478-62

18,4152,7933,525

24,734

5,0164,931

1976 2

21,906

18, 6151,5161,775523

1,252

68121, 225

16,96872472589

•]

861,116

5.216(D)592

1,14848839220922418

(D)136

(D)

(D)25974192202207182250339

(*)183

(D)61

1,964239419

(D)(D)505

(D)1,9082,3391,179'290889

3,087161163244595

(D)(D)

4, 2561,201601

2,454

21,9061,118

20,787-71

20,7163,1043,755

27,576

5,5484,970

Table 38.—Kentucky

1973 i

10,529

8,399688

1,441551890

6259,903

8,0932625

44840714

(*)27706

2,8591,0962354416159127189251517431

1,7638457227211392450

(D)172

(D)813437

7762041951656151153481

1,085376108268

1,336(D)1017017641

(D)

1,810430380999

10,529524

10,00496

10,1001,4551,781

13,336

4,0143,332

1974 i

11,795

9,357833

1,606640966

74011, 056

9,0592626

81975536

(*)29694

3,159(D)250521676713620548166

(D)32

(D)8655269228461451

(D)200

(D)(D)

4337

8442352081961173148550

1,152399127273

1,415(D)1007318943

(D)

1,996468439

1,090

11,795612

11,18466

11,2501,7492,132

15,131

4,5113,354

1975 2

12,498

9,966996

1,536497

1,039

57011,929

9,73028

(D)(D)985

(D)34

(D)(D)712

3,085(D)277

(D)18979138205

(D)17196

(D)

(D)834726122147338318176

(*)97

(D)33

894235217

57199163726

1,217437146291

1,646(D)1087620149

(D)

2,199514429

1,256

12,498660

11,83871

11,9101,9532,636

16,499

4,8713,387

1976 2

14,066

11,1731,191,703540

1,162

64113,426

11,03330

(D)(D)1,092(D)

36(D)(D)813

3,603(D)308

(D)19692154257

(D)(D)

94(D)

(D)1025731025453047019226

(*)"108

(D)40

1,0042582422660231187775

1,397498164334

1,821(D)1148422053

(D)

2,392568463

1,361

14, 066729

13,33779

13,4172,1562,866

18,439

5,3793,428

Table 39.—Louisiana

1973 1

11,529

9,432708

1,389437952

50711,022

9,044513021635

(D)598

(D)36944

1,9571,12124965320769364165

(*)61

836131977119Tc7621564172611

1,126120187283134222180779

1,268526134392

1,758709515232846

1,068

1,978355270

1,353

11,529530

10,998-5

10,9931,8141,797

14,604

3,8993,746

1974 i

12,848

10,60o856

1,387491895

56312,285

10,137543125838

(D)793

(D)43

1,102

2,1851,26526986121972430199

(*)61

92014399413786812437*2P81712

1,285136212346146248198892

1,347559155404

1,876759515736550

1,134

2,148393300

1,455

12, 848632

12,216-3

12,2132,1352,103

16,451

4,3733,762

1975 2

14,181

11,921,011,2382796

3413,840

11,41752

(D)(D)972

(D)912

(D)(D)1,254

2,407(D)287175221181478212

(D)12

(D)

(D)145g

104181110932936

(*)92

(D)12

1,392136207383157295215

1,0071,501634174459

2,1988210316345658

1,337

2,423446317

1,660

14,181702

13,4781

13,4802,4022,546

18,428

4,8423,806

1976 2

16,090

13,561,221,3024

1,06

31315,77

13,1865

(D)(D)1,11(D)1,047(D)(D)1,608

2,797(D)3132'6725291579236

(D)14

(D)

(D)173101132171231173296

(*)109

(D)14

1,570149237436179335235

1,1371,740706196509

2,4609411118052963

1,483

2,592484275

1,832

16, 090793

15,29815

15,3132,6442,805

20,762

5,4053,841

Line

1

23456

78

9101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

56575859606162

63646566

6768

6970

717273

74

7576


26 SUEVEY OF CUEKENT BUSINESS August 1977


[Millions of dollars]

Line ItemTable 40.—Mississippi

19731 19741 1975 2 1976

Table 41.—North Carolina

19731 19741 1975 2 1976

Table 42.-South Carolina

19731 19741 1975 2 1976 2

101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

56575859606162

63646566



By type

Wage and salary disbursements _ _Other labor incomeProprietors income 4

FarmNonfarm *_

By industry

Farm _Nonfarm

PrivateAgricultural services,forestry, fisheries, and other «

Agricultural servicesForestry, fisheries, and other 5

MiningCoalmining... -Oil and gas extractionMetal miningNonmetallic minerals, except fuels

Construction

ManufacturingNondurable goods.

Food and kindred productsTextile mill productApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal products _•Tobacco manufacturersRubber and miscellaneous plastics productsLeather and leather products

Durable goodsLumber and wood productsFurniture and fixturesPrimary metal industriesFabricated metal products.Machinery, except electricalElectric and electronic equipmentTransportation equipment except motor vehiclesMotor vehicles and equipmentOrdnanceStone, clay, and glass productsInstruments and related productsMiscellaneous manufacturing industries

Transportation and public utilitiesRailroad transportationTrucking and warehousingWater transportation.Other transportationCommunication. __Electric, gas, and sanitary services

Wholesale trade. _.Retail trade.Finance, insurance, and real estate


ServicesHotels and other lodging placesPersonal services.Private householdsBusiness and repair services.._Amusement and recreation including motion picturesProfessional, social, and related services.



Total labor and proprietors income by place of work.Less: Personal contributions for social insurance by place of work


Net labor and proprietors income by place of residencePlus: Dividends, interest, and rent ?Plus: Transfer payments


Per capita income (dollars) .Total population (thousands) "~~~~"~~~~~

6,443

4,956361

1,126574552

6715,771

4,5332518757

(D)46

()392

1,6896511384020780265919

(*)7012

1,03819412222909414125712

(•)611034

393619823171098627667024371172

788(D)

549110614

(D)

1,238269246722

6,443312

6,13053

6,183735

1,101

8,019

6,895

5,488411997417580

5476,348

2820891

(D)78

C)(D)452

1,8167201554222287297524

(*)7312

1,096207116269210816725814

(•)631135

4346310928191219432472026483180

861(D)

579411614

(D)

1,358316256

6,895363

6,53266

6,598874

1,356

8,829

7,125

5,751478896276620

6,743

5,29229

93

80(*)

424

1,880

1663722285337530

7213

(D)1911182590103154340

(D)

65(D)

29

45963102282114010441073529095195

971(D)

599813313

(D)1,452335256860

7,125399

6,72665

6,7911,0121,662

9,465

8,115

6,482578

1,055368687

5037,612

6,06231

)109)95

(*)

491

2,215

1875126499368733

8616

(D)23114234103122190377

(D)

!(D)

515691173023161114460843324106218

1,075(D)

6310815214

(D)

1,550363251936

8,115444

7,670

7,7401,1201,804

10,663

19,033

15,6431,0112,3791,1011,279

1,24617,788

14,62562491337

(*)

1,211

6,2323,961311

2,0524012091353842

29514725

2,272234572711873744667247

(•)1495644

1,19611046814103287214

1,0891,836770204565

2,1917717618031656

1,385

3,163506803

1,853

19,033968

18,065

18,0562,3532,175

22,585

20,433

17,0521,1332,2481,0341,215

1,20119,232

15,6936149124621

(*)43

1,216

6,6574,218337

2,0974152361484513

33616925

2,439234601832124344956149

(*)1626347

1,28712047713112315248

1,2371,946833238595

2,4097618218636858

1,539

3,539568923

2,048

20,4331,12219,311

-2

19,3092,8242,704

24,837

21,093

17,5741,2872,2321,0051,227

1,16919,924

16,06556441146

()(*)

451,160

4,217364

1,9984282491634512

37616025

2,26924653073

2264054322746

(•)1667346

1,34011947512

(D)(D)(D)1,2882,078872259613

2,7409618619342963

1,772

3,858632958

2,268

21,0931,16019,933

3

19,9363,1703,691

26,796

23,666

19,6121,5472,5081,1471,360

1,25922,407

18,30962491354

()52

1,243

7,6634,973430

2,36253329718449&2

41921534

2,690302639872854754863761

(•)1849538

1,48513153613

(D)(D)(D)1,4322,370956278677

3,04410019621349669

1,970

4,098696920

2,482

23, 6661,28822,378

3

22,3813,5093,932

29,821

8,813

7,516466830265565

3308,483

33211217

(*)(*)()()645

2,953(D)102

1,190224149523544339

(

(D)111394291206135308

(D)11128

47465131142513310538184733879259

994(D)

7011417027

(D)

1,801361541

8,813466

8,347124

8,4711,0681,177

10,716

9,808

5,397534877303574

3819,427

7,39336231320

(*)(D)()

20745

3,2132,269111

1,2312391625641143511

9441183756104241159297

(*)1213637

51973146172714910644592637894285

1,111(D)

7511818828

(D)

2,033419606

1,008

5149,294134

9,4281,2961,479

12,203

10,091

8,659608824207617

2989,793

7,53535221320

(*)()()

20672

3,2012,281118

1,17724517859404

)92

9201133054110251140285

(•)1163934

538721421729168110492975401104297

1,201(D)

8012317230

(D)

2,258472634

1,152

10,091540

9,551138

1,4331,971

13,093

11,461

9,852745864179

25911,202

8,72437241320

(*)()()

20720

3,8682,756137

1,445

654605

(D)132

1,11213941661373051653312

(*)1294836

629791672232192137552

1,118438111327

1,341(D)

8613519933

(D)

2,478556683

1,239

11,461612

10,849152

11,0011,5932,068

14,662

3,4622,317

3,7832,334

4,0442,341

4,5292,354

4,2545,310

4,6215,375

4,9255,441

5,4535,469

3,9362,723

4,3972,775

4,6502,816

5,1472,848

See footnotes on pagel8


August 1977


SUEVEY OF CURRENT BUSINESS 27

Table 43.—Tennessee

1973 i

14,115

11,567842

1,707419

1,288

48413,631

11,45833303783111730892

4,4242,3923432343831621817151012193159

2,032132192211286293344115108411913981

894156

(D)8

(D)224

(D)982

1,471655166489

2,0299914412132464

1,276

2,173630129

1,414

14,115729

13,386-136

13,2501,8321,949

17,031

4,1614,093

19741

15,272

12,791972

1,509270

1,238

34614,926

12,51334313

1297042036965

4,8272,5913902364001751988041013211154

2,235141191257310362350118126412044886

9851743921010624955

1,0981,576697191505

2,20110414812635366

1,405

2,414707149

1,558

15,272851

14,421-132

14,2892,1052,373

18,767

4,5234,149

19752

15,855

13,3291,1021,424197

1,227

26415,591

12,89234313

147(D)(D)2439948

4,7262,6644322093881882008421115220159

2,06113917522837531930495108(*)1815186

1,0161713801211628058

1,2131,665735213522

2,40911115213038570

1,560

2,700805158

1,737

15,855886

14,969-144

14,8252,3303,066

20,221

4,8464,173

1976 2

17,882

14,8441,3201,717354

1,363

42717,455

14,50336333

151(D)(D)1840983

5,4613,0314892444682192309261317250175

2,430171209271381385374108149(*)22160101

1,1651874441313232663

1,3591,888818234584

2,64212416414443077

1,703

2,951922162

1,868

17,882972

16,909-167

16,7432,5473,316

22,606

5,3644,214

Table 44.—Virginia

1973*

18,072

15,688924

1,460325

1,135

40017,672

12,40351438

213186

(*)225

1,332

3,578(D)280324207159145439

(D)1839523

(D)18120613318212930535654

(D)1212327

1,28023927946260302155833

1,818795187608

2,50112715716244357

1,556

5,2681,9901,3761,903

18,072935

17,1361,401

18,5372,4632,505

23,506

4,8464,85C

19741

19,736

17,2371,0861,413258

1,155

34119,395

13,63354468

3272933229

1,439

3,879(D)314340216168161496

(D)20310524

(D)17921615821014933136644

(D)1342731

1,37622630254292331170968

1,957842218625

2,78913416416750361

1,759

5,7622,1801,4562,126

19,7361,05718,6791,662

20,3412,8993,011

26,251

5,3474,910

1975 2

20,984

18,3101,2921,382225

1,157

29720,687

14,39950437

377342

(D)(D)(D)1,386

3,984(D)349323203175176510

(D)2159824

(D)186170153220159365

(D)61

(*)1305135

1,45722630351300388189

1,0982,076871241630

3,10115117117458774

1,944

6,2872,3511,5272,410

20,9841,13019,8541,892

21,7463,2463,782

28,774

5,7774,981

1976 2

23,188

20,1791,5401,469180

1,289

27622, 912

16,18956488

442405

(D)(D)(D)1,480

4,537(D)390393239204197519

(D)24914329

(D)215213191243181411

(D)85

(*)1453438

1,63224834061331435217

1,2122,351971258714

3,50717118619272786

2,145

6,7232,5891,5242,611

23,1881,235

21,9532,177

24,1303,6174,161

31,908

6,3415,032

Table 45.—West Virginia

1973 1

5,495

4,62840646135426

505,445

4,65388

(*)70667515

(*)16417

1,380(D)50533153732712

(D)1312

(D)45133777458433212

(D)198517

501124102111910214427054517053117

6562649337921448

79216221608

5,495296

5,199-104

5,095734

1,256

7,085

3,9741,783

1974 1

6,027

5,07048447425448

395,989

5,139881

88579573

(*)17401

1,578(D)51535173937314

(D)1815

(D)45134778269483713

(D)203617

528128107121910915331255217661116

69727483491

(D)(D)

85017819653

6,027328

5,699-116

5,583858

1,430

7,871

4,4111,784

1975 2

6,722

5,64559548212470

226,700

5,75788

(*)1,175(D)60

(D)

420

1,610(D)

58(D)36174139016

(D)1814

(D)4111465918450

(D)12

(*)202711

560129111131912416437362219669127

792325236103

(D)(D)

94319920724

6,722362

6,359-137

6,222968

1,675

8,866

4,9271,799

1976 2

7,605

6,3717165181

518

157,590

6,534991

1,354(D)

64(D)(D)483

1,854(D)64

(D)42214646719

(D)2117

(D)519

51910610253

(D)15

(*)227

14

624141126162113818238970422278144

895355539117

(D)(D)

1,05621321822

7,605400

7,205-164

7,0411,0761,824

9,941

5,4601,821

Table 46.—Southwest

1973 1

62,959

50,6423,6048,7132,8995,814

3,36759,593

47,39725222032

2,268(D)(D)409128

4,899

10,967(D)1,005

74511

(D)585930698

(D)284

(D)

(D)313174596928

1,3031,1051,001201

(D)518225124

4,853593

1,143(D)(D)1,111983

4,2077,2143,320790

2,530

9,416(D)625508

1,866278

(D)

12,1963,2402,2866,670

62,9593,06359,897-76

59,82111,3678,611

79,799

4,51617,670

1974 1

69,066

57,1934,3627,5111,5955,916

2,09366,973

53,66526323528

3,452(D)(D)470147

5,356

12,585(D)1,128

74564

(D)641

1,125836

(D)331

(D)

(D)335

(D)726

1,0941,6151,2601,108225125551220143

5,427635

1,260231940

1,2581,1034,9627,8513,482(D)(D)

10,286(D)649526

2,080288

(D)

13,3093,5512,3497,408

69,0663,52765,539-24

65,51513,61910,354

89,488

4,97817,977

1975 2

75,862

62,9695,2767,6161,4556,161

1,94173,921

59,19026123131

3,87246

3,146(D)(D)5,682

13,616(D)1,269(D)(D)277681

1,254973

(D)35056

(D)382168734

1,3281,8781,1851,223(D)(*)568

(D)151

5,899634

1,284(D)(D)1,4661,2345,8338,5523,7461,0312,715

11,7284o3688546

2,400310

7,332

14,7313,8392,3738,520

75,8623,90471,958

119

72,07715,01112,825

99,913

5,45818,308

1976 2

85,945

71,3656,3318,2501,4386,812

2,01983,927

67,52028724641

4,40860

3,568(D)(D)6,547

15,646(D)1,459(D)(D)331762

1,4771,152(D)41670

(D)459192836

1,4662,1701,3741,304(D)(*)680

(D)176

6,688695

1,477(D)(D)1,6951,3836,5509,9374,2761,1473,129

13,182518747603

2,799346

8,169

16,4074,1832,5219,702

85,9454,34481,601

219

81,82016,64914,138

112,608

6,02418,091

Table 47.—Arizona

19731

7,773

6,619439714164551

2527,521

5,87540381

350(D)(D)3369

885

1,17122984

(*)311269151

(*)152

942451167591363061291448724213

4895386

(D)(D)144136367933439123316

1,20187694222941732

1,646379278990

7,773393

7,380-9

7,3711,3251,170

9,866

4,7442,080

19741

8,486

7,262491732240492

3398,147

6,30741401

402(D)(D)38110842

1,29125893

(*)341477192

(*)162

1,033461181591473381441557655118

5345090

(D) ,(i>)160150429

1,009446

(D)(D)

1,31491744425343810

1,841430285

1,126

8,486431

8,056-15

8,0401,6141,411

11,065

5,1232,160

1975 2

8,678

7,495585599160439

2598,419

6,3553939

(*)419

(D)(D)39?

(D)683

1,303(D)

99(D)(D)

1881212

(*)17

(D)(D)

1110056154

(D)(D)(D)(*)60

(D)21

5734991

(D)(D)177161456

1,044440151289

1,39795744525643883

2,064478296

1,290

8,678453

8,225-15

8,2101,7531,857

11,819

5,3442,212

1976 2

9,686

8,255688744241503

3489,339

7,0354141

(*)465

(D)(D)433

(D)669

1,463(D)113

(D)(D)2089243

C)203

(D)(D)

1312461183

(D)(D)(D)(*)66

(D)24

65454104

(D)(D)197186504

1,193498166332

1,548112825028847968

2,303529306

1,468

9,686492

9,194-18

9,1761.9662,025

13,166

5.7992,270

Table 48.—New Mexico

19731

3,378

2,812174392154238

1923,186

2,1621312

(*)18312697032258

221(D)33412

(D)18310

(*)12

(D)1826102227161

(D)19311

2694450

(*)21757913539613939100

54832282018516267

1,024330168526

3,378172

3,207-28

3,179564580

4,323

3,9351,099

1974 1

3,725

3,138205383121262

1593,566

2,4441413

(*)262161238834285

257(D)37416

(D)20312

(*)12

(D)22

(D)8132333183120316

2924355

(D)(D)

799116143314644102

59333292119219299

1,122371170581

3,725196

3,529-30

3,500642700

4,842

4,3271,119

1975 2

4,196

3,497260439160279

2033,993

2,7441212

(*)312

(D)(D)(D)44318

27610843

(D)(D)(*)21714

C)12

16823271421

(D)(D)

5(*)21

(D)25

3224360

(D)(D)8910519847915550105

67241312220820350

1,249393176680

4,196219

3,976-30

3,946728850

5,525

4,8301,144

1976 2

4,680

3,928316436127309

1754,506

3,13513131

373(D)(D)(D)49349

32012749

(D)(D)(•)24917

(*)13

193292111522

(D)(D)

7(*)23

(D)27

3674768

(D)(D)10012222255517857121

75647332423622394

1,371418187766

4,680243

4,437-33

4,404

8131,000

6,217

5,3221,168

Line

1

23456

78

9101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

56575859606162

63646566

67686970

717273

74

7576


28 SUEVEY OF CUEKENT BUSINESS August 1977

Tables 49-57.—Personal In come[Millions

Line ItemTable 49.—Oklahoma

19731 19741 19752 19762

Table 50.—Texas

19731 19741 19752 i97 6 2

Table 51.—Rocky Mountain

19731 19741 1975 2 1976

67


Total labor and proprietors income ' 4_

By type

Wage and salary disbursementsOther labor incomeProprietors income «

FarmNonfarm *

By industry

FarmNonfarm.

PrivateAgricultural services, forestry, fisheries, and other s


MiningCoal miningOil and gas extractionMetal miningNonmetallic minerals, except fuels

Construction


Food and kindred productsTextile mill productsApparel and other textile productsPaper an d allied productsPrinting and publishing.Chemicals and allied productsPetroleum and coal productsTobacco manufacturesRubber and miscellaneous plastics products.Leather and leather products

Durable goodsLumber and wood productsFurniture and fixturesPrimary metal industriesFabricated metal productsMachinery, except electricalElectric and electronic equipmentTransportation equipment except motor vehicles..Motor vehicles and equipmentOrdnanceStone, clay, and glass productsInstruments and related productsMiscellaneous manufacturing industries

Transportation and public utilitiesRailroad transportationTrucking and warehousingWater transportationOther transportationCommunicationElectric, gas, and sanitary services



ServicesHotels and other lodging placesPersonal servicesPrivate householdsBusiness and repair servicesAmusement and recreation including motion pictures.Professional, social, and related services



Total labor and proprietors income by place of workLess: Personal contributions for social insurance by place of work.


Net labor and proprietors income by place of residence..Plus: Dividends, interest, and rent 7


Personal income by place of residence..

8,884

6,783485

1,616679937

7428,143

6,3323535

(*)4126

389115594

1,4545331441763237719109

(*)784

92132195216824213911239

(*)951014

71162205

(*)157151135493992421117305

1.220(D)

906119531

D

1,810628280903

8,884453

8,43177

8,5081,6371,479

11,623

9,598

7,651579

1,368372995

4499,149

7,1983636

(*)6718

645(*)

17645

1,6566081561370258432129

(*)954

7,84128271

720(D)687

(D)(D)654

1,735(D)170

(D)70248938147

(D)101

(D)

1,04837195819828714512747

(*)1011216

785692231

170174148574

1,079445133312

1.307(D)

916321329

1,951660300991

9,598

9,100101

9,2011,9561,773

12,930

10,336

8,387692

1,257296

3699,967

()17562492891509948

(*)971615

846702221

188202163767

1,143481150331

1,46740926624529994

2,126702304

1,120

10,336548

9,788134

9,9222,1472,173

14,242

11,456

9,381826

1,249192

1,056

29711,159

8,81629281

855(D)

820(D)

(D)

710

2,003(D)

191(D)

853110245166

(D)112

(D))226927035714111064

(*)1312319

954772531

210232182751

1,322545170375

1,64745997328234

1,115

2,343759347

1,236

11,456600

10,856175

11,0312,3642,394

15,788

42,924

34,4272,5065,9911,9024,089

2,18140, 743

33, 02716513430

1,324(*)1,249

372

3,162

8,1223,51774453405192422893578

(D)190

(D)

4,6052181434716909046337441476933117086

3,384433802197577741633

3,2124,8922,321512

1,809

6,447225437384

1,257190

3,953

7,7161,9041,5614,251

42,9242,045

40,879-116

40,7637,8415,382

53,986

47,257

39,1413,0885,029862

4,167

1,14646, 111

37, 71617214527

2,1171

2,030(*)86

3,584

9,3814,03984257444210460

1,070692

(D)218

(D)

5,342230150579825

1.1587448181596736615392

3,816473892229664845713

3.7995.3302,444594

1,850

7,072250455398

1,422197

4,350

8,3952,0911,5934,711

47,2572,403

44,854-80

44,7749,4086,469

60,651

52,652

43, 5913,7395,322839

4,483

1,11051, 542

42, 24918215329

2,4211

2,3201

994,026

10,3024,473957

(D)462235490

1,187810

(D)231

(D)

5.830269138571

1,0091,414718891167(*)39017091

4,158471911240732999805

4,4125.8852,670680

1,990

8,193277490413

1,691218

5,104

9,2922,2651,5975,429

52,6522,683

49,96831

49,99910,3837,945

68,327

60,123

49, 8014,5005,822878

4,944

1,20058, 923

48, 53420416440

2,7142

2,6052

1054,819

11, 8605,2231,106(D)526280547

1,398966

(D)283

(D)

6,637330155631

1,1211,607891944200(*)461191107

9,232314533457

1,992244

5,692

10,3902,4771,6816,231

60,1233,009

57,11495

57,21011,5078,720

77,436

21,001

16, 4611,0013,5391,6351,904

1,93819, 063

14, 66277725

6216821426871

1,823

2,961(D)4845

(D)(D)19182

(D)(*)9935

3213828615029819814526

(D)1775152

4,712516

1,051263823

1,166893

5,0736,8663,055754

2,301

1,678350

(D)(D)(D)407283

1,1542,422992251741

2,934

17070583

1,845

4,4011,324700

2,377

21,0011,011

19,99011

20,0013,2492,725

25,975

22,892

18, 4121,1743,3051,4261,880

1,77621,117

16,27883794

8679138030491

1,939

3,3271,187542558

(D)20910181

C)108

(D)

2,14034340335166364224157311591917159

1,866379

()461316

1,3362,6231,017292725

3,219(D)17973646

(D)2,041

4,8391,483722

2,635

22,8921,170

21,72318

21,7403,8513,198

28,789

24,523

20,1241,4532,9461,0391,907

1,38923,134

17, 71377752

1,059136437366120

1,891

3,5551,325

5895

65(D)

22815984

(D)10535

2,230382

()22244214722332

(*)18514562

2,0203794652

278537358

1,5862,7661,086330756

3,67319018776690127

2,403

5,4211,632717

3,073

24,5231,284

23,23922

23,2614,2113,928

31,400

27,143

22,5621,7482,833

7142,119

1,09926, 044

20,13784804

1,231196481411143

2,142

4,0681,492

6666

74(D)

25617094

(D)12342

2,576466

()25351417922440

(*)21718165

2,288415533

3311618408

1,7883,1791.252

366885

4,10521820084

779141

2,683

5,9071,725

7593,422

27,1431,413

25,73023

25,7534,6844,326

34,763

75 Per capita income (dollars).. _Total population (thousands).

4,3722,659

4,8222,681

5,2462,715

5,7072,766

4,56311,832

5,04712,017

5,58412,237

6,20112,487

4,7345,487

5,1525,588

5,5295,679

6,0105,785



August 1977 SUEVEY OF CURRENT BUSINESS 29by Major Sources, 1973-76

of dollars]

Table 53.—Colorado

19731

10,181

8,363484

1,333458875

5479,634

7,46033331

19324956213958

1,55555424512015114289

(*)8634

1,00133231089519816534181481074034

78290173

( )( )227135610

1,191582123460

1,55469863631863981

2,174584464

1,127

10,181

478

9,703

—4

9,6991,5421,270

12,510

5,0462,479

19741

11,059

9,196555

1,308441867

53310,526

8,1443837

(*)272321477715957

1,736620273223171253616

C)9236

1,116322412510523918836191411135538

86295187

( )(D)254146693

1,286583141443

1,71775923735668

1,088

2,382647477

1,258

11,059542

10,517

—5

10,5121,8171,490

13,819

5,4952,515

1975 2

11,857

9,899683

1,275402873

48711,370

8,7063736

(*)36346186

(D)(D)838

1,827(D)299

(D)27201337910

(*)(D)(D)

(D)33

(P)140135292103126

*18

10312841

92294184

( )

( )157794

1,347611158454

1,96784963935979

1,312

2,664717471

1,475

11,857580

11,277-4

11,2731,9711,842

15,086

5,9362,541

19762

13,032

11,000816

1,216241975

32712,705

9,7953939

(*)42058213

(D)(D)924

2,067(D)334

(D)28231488513

(*)(D)(D)

(D)

40(P)15215532813112122

(*)12215740

1,036104209( )(D)(D)178895

1,540695171524

2,179981034340387

1,445

2,910762488

1,660

13,032627

12,406-5

12,4012,2032,029

16,633

6,4402,583

Table 53

19731

2,777

1,958131688432256

5172,260

1,8021715236

(*)(*)278

204

451(D)124

(D)1141622

(D)

C)4

(*)

(D)

16831711108301

14(*)

3

18951

(D)1

(P)4235129323993366

354202010919

204

45811959280

2,777121

2,65614

2,670414377

3,461

4,479773

19741

3,190

2,238155798534264

6422,549

2,0301917243113210239

50221214421141827

(*)(*)

5(*)

28917942010169262516

(*)3

2115558

( )(p)48

381503611074067

3992121111018

236

51913564320

3,190156

3,03421

3,056489455

4,000

5,027796

.—Idaho

1975 2

3,261

2,525194543257286

3732,889

2,2861817153

(*)(*)4012271

556(D)155

(D)(D)(D)2136

(*)C)

7C)(D)

2084

(D)1729942

(*)16

(*)4

2285460

( )( )( )442163671214675

457(D)

2311119

(D)271

60215467381

3,261176

3,08626

3,111527558

4,196

5,159813

1976 2

3,657

2,916235506188318

3433,314

2,6422018252

(*)13713306

671(D)181

(D)(D)(D)2438

(*)(*)

8(*)

(D)

2546

(D)194710113

(*)18

(*)5

2626071

V )

( )

( )

492444251435391

519

(P)2512134

(I>)312

67217972420

3,657198

3,45928

3,487585612

4,684

5,640831

Table 54.—Montana

19731

2,771

1,837113821530291

6022,170

1,64111101817164910190

2538937

(D)(D)

1216517

(*)1

(*)

164921415314

(*)213

(*)2

2399051

174536121320933360

333(D)2110498

(D)

52914269318

2,771135

2,637i

2,635446385

3,466

4,760728

19741

2,810

2,061137613331281

4182,393

1,80211101

11410385412203

2799440

(D)1917719

(*)1

(D)

1841021495413

(*)11312

2649856

185141145338963858

353(D)

2110518

59116173357

2,810151

2,659-2

2,658558450

3,666

4,976737

1975 2

3,013

2,254165594319274

3982,615

1,94098

(*)1161634

(D)(D)210

290(D)

39(D)

2(D)

19721

(*)1

(D)

(D)

103(D)(D)

6511

(*)

15(D)

3

2829856

1961471843491064363

396(D)( )

11549

(D)

67518772417

3,013166

2,847-2

2,845631541

4,017

5,384746

19762

3,166

2,442194529226303

2972,868

2,184981

1152040

(D)(D)236

328(D)

42(D)

2(D)21820

C)1

(D)

(D)

125(D)(D)

7612

(*)

17(D)

3

32010866

2171542033991234875

450(D)(D)

126310

(D)

68415476454

3,166178

2,987-2

2,985697600

4,283

5,689753

Table 55.-Utali

19731

3,851

3,227209416114302

1333,718

2,78088

(*)1582526989

302

618179671274372312

(*)71

439161012037802477611351013

32171105

29684825042817345128

521183099726341

93940962468

3,851204

3,6472

3,649556526

4,731

4,1001,154

197.41

4,243

3,62824836773295

954,149

3,128c9

(*)190304510510326

719204741325412714

(*)91

5161711141429826919

12391514

36176116

34775729147118654132

57518329

10725383

1,02146161499

4,243235

4,0083

4,011638610

5,259

4,4621,179

1975 2

4,612

3,96330634348295

734,539

3,4239c

(*)217444411712346

778(D)

83(*)34

(D)453216

(*)101

(D)

26(D)14160111339011

40

14

39777122

(p)37(E))7032451019661135

64627

(D)10119

(D)

1,11648459573

4,612261

4,3513

4,354713758

5,825

4,8431,203

i

1976 2

5,244

4,48937038659327

845,161

3,9341010

(*)252624113514434

881(D)

92(*)42

(D)513419

(*)121

(D)

31(D)16268125378914

48(P)

17

45684141

(P)45(D)

8236358822768159

72430

(D)11135

(D)

1,22752669631

5,244294

4,9503

4,954788828

6,570

5,3501,228

Table 56.—Wyoming

19731

1,419

1,07663280101179

1391,281

979761

15312773231169

834911

(D)1

(D)7326

(*)1

(*)

34131

(*)27

(*)

(*)

91

(*)

14748

(*)

263044159451628

1722413628

(D)

3017146185

1,41972

1,3471

1,348291168

1,806

5,119353

19741

1,590

1,2908021947173

891,500

1,173651

247191493643215

925711

(D)1

(D)8431

(*)1

(*)

3513

(*)(*)

37

(*)1

(*)

101

(*)

16955

(*)

303357167451926

1752612630

(D)

3277947200

1,59085

1,504(*)

1,504349192

2,045

5,652362

1975 2

1,780

1,48410519113178

581,722

1,35855

(*)311291724565226

105(D)

14(D)(D)

C)9536

(D)(D)(D)

(D)12

(D)

(P)4511

11

(*)

1915542

(*)14394168194522329

2072912639

(D)

3648948226

1,780102

1,678-1

1,678370229

2,277

6,060376

1976 2

2,043

1,7151321961

195

481,995

1,581

c

1393551866982241

121(D)

16(D)(D)(*)

11642

(D)(D)(D)

(D)16

(D)(D)

48

(*)

(*)

12

1

2146047

(*)15464583227632737

2323213744

(D)

41410453257

2,043116

1,927-1

1,926410257

2,593

6,642390

Table 57.-Far West

19731

114,439

96,2736,03412,1323,0549,078

4,333110,105

86,960656

(D)(D)524

(D)(D)

61169

6,684

24, 825(D)2,367150659800

1,282795457

(*)562

(D)

(D)2,137507

1,1281,5972,3053,396

(D)

802499372

8,536851

1,859

4761,7722,4261,1536,97812,6056,0541,5234,531

20,100935977633

4,1981,59211,763

23,1454,9853,27314,887

114,4396,348

108,0904

108,09418,20717,462

143,763

5,35526, 849

19741

125,640

105,9556,98512,7003,4379,263

5,034120,606

95,257(D)(D)139686

(D)(D)

70189

(D)

27,472(D)2,636163717

(D)1,383943538

(*)61975

(D)2,203515

1,3731,8052,7063,7653,861669

838574393

9,222863

2,011

5041,9582,6431,2438,05813,6126,2701,7514,519

(D)1,0091,035655

4,640

(D)

25,3495,5603,48516,304

125,6406,923

118,71776

118,79321,24020,767

160,801

5,91227,199

19752

135,467

114,3508,27512,8423,0119,831

4,818130,649

102,515854

(D)(D)76317

(D)(D)197

7,282

28, 7078,4872,886161

(D)929

1,459988611

(D)60279

20,2202,292483

1,3381,9832,9273,6174,750567

8671,006390

9,839858

2,014

5222,1262,9661,3528,96814,6906,6521,9384,714

24,7591,0761,095680

5,3121,87914,717

28,1346,1133,50618,516

135,4677,452

128,015290

128,30523,83425,821

177,960

6,44127,631

1976 2

150,311

126,8909,78013,6412,76710,874

4,716145,594

115,2101,112(D)

85019

(D)(D)226

8,216

32,0969,5123,145184

(D)1,0971,6301,11766̂

(D)70094

22,5832,836563

1,4252,1643,2214,0554,924792

9611,172469

10,956940

2,292

5762,3573,3111,4809,93816,6417,7092,1815,528

27,6921,1951,181752

6,0722,20316,289

30,3856,4793,55520,351

150,3118,316

141,994422

42,41626,72528,269

97,410

7,03328,071

Line

1

23456

78

9101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

56575859606162

63646566

6768

6970

717273

74

7576


30 SUEVEY OF CUREENT BUSINESS

Tables 58-63,

August 1977

—Personal Income by Major Sources,[Millions of dollars]

Line ItemTable 58.-California

19731 19741 1975 2 19762

Table 59.—Nevada

1973 1 1974 1975 2 1976 2

Table 60.—Oregon

19731 1974 1 1975 2 1976 2

101112131415161718

192C212223242526272829

67



By type

Wage and salary disbursements..Other labor incomeProprietors income 4

Farm --Nonfarm 4

By industry

FarmNonfarm..

PrivateAgricultural services, forestry, fisheries, and other «


MiningCoalmining --Oil and gas extractionMetal miningNonmetallic minerals, except fuels

C onstruction

M anufacturingNondurable goods -

Food and kindred productsTextile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied products.Petroleum and coal products.Tobacco manufactures _Rubber and miscellaneous plastics products-Leather and leather products

Durable goods . . -Lumber and wood productsFurniture and fixturesPrimary metal industries-Fabricated metal products —Machinery, except electricalElectric and electronic equipmentTransportation equipment except motor vehicles..Motor vehicles and equipmentO rdnanceStone, clay, and glass productsInstruments and related productsMiscellaneous manufacturing industries

Transportation and public utilities.Railroad transportationTrucking and warehousingWater transportationOther transportationCommunicationElectric, gas, and sanitary services


Banking __ _Other finance, insurance, and real estate

ServicesHotels and other lodging places.Personal servicesPrivate householdsBusiness and repair services..Amusement and recreation including motion pictures-Professional, social, and related services

Government and Government enterprises..Federal, civilian.Federal, militaryState and local


Total labor and proprietors income by place of workLess: Personal contributions for social insurance by place of work.


Net labor and proprietors income by place of residence..Plus: Dividends, interest, and r en t 7


Personal income by place of residence.

89,649

75,7524,8479,0512,0706,981

3,07986,570

68,31450345151

4353

28327122

5,003

19,5185,7701,847125594440

1,066686424

C)52860

13, 748626434789

1,3902,0013,1902,540595742667461314

6,644544

1,393318

1,4971,958933

5,4639,8074,8991,2173,682

16, 044527758532

3,5081,2239,496

18, 2563,8592,70411, 693

89,6495,064

84.5861

84.58714, 22213,594

112,403

98,228

83,1695,5899,4702,3747,096

3,66694.561

74,637572513595757

40630132

5,189

21,5466,4392,065136645491

1,147811495

(*)57970

15,108638442947

1,5622,3543,5212,716571796696530332

7,173544

1,507345

1,6422,1331,0026,28810.5625,0581,3963,662

17, 674569796551

3,8561,341

10, 561

19, 9244,2812,82112,823

5,336

92, 89120

92,91116,58016,108

125,598

105,652

89,3896,6249,6402,0897,550

3,528102,124

80,037

639

469

1365,404

22,4566,8382,263

136694505

1,204840564

557

15, 618688422905

1,6632,5553,4843,536492

(*)713834326

7,637540

1,501348

1,7782,3881,

11, 3625,3531,5463,807

19, 565580842572

4,3481,40411,819

22,0874,6862,82414,578

105,6525,704

99, 948111

100,05918, 62020,041

138, 719

117,234

98,9207,82110,4932,1488,345

3,669113,565

89,798

727

529

1626,032

17,400864495957

1,8222,8233,9043,684699

(*)785972395

8,456591

1,691381

1,9572,6591,1767,68512,8086, 2241,7544,470

21,898644910632

4,9801,66813,064

23, 7674,9332,83915,994

117, 2346,395

110,839166

111, 00420,89021, 998

153,892

2,677

2,37410320043157

592,618

2,11277

(*)43

(*)(*)

3012

277

25,0387,6382,453156795597

1,345950610

D)645

(D)

(

(

(

126461411

*)1910

*)*)1

*)

()(*)

1819

2032428

(*)476637893021133083

954290318

140275209

50611191304

2,677123

2,554-66

3,146

2,886

2,59311717623153

422,844

2,293(D)()(*)541

138501511

(D)2011

(*)

( \

(*)(*)(*)

1739

2282532

(*)5573431053321153382

()313349

149

55112193337

2,886150

2,736-70

2,665447369

3,481

3,135

2,82014517020151

39

2,4838

)()

63(*)

24218

215153

(D)16

()(*)

2213

()

225911161

(*)(*)

18(D)

10

2522434

(*)6383481163621143578

1,20036135

(D)167

61313794382

3,135163

2,972-70

2,902497494

3,893

3,534

3,17617318617

3,496

2,8219

()57

(*)23519274

173(D)

17(D)()(*)

2515

()

1211114211

(•)(*)

21

274117391541314221323993

1,33639537

(D)183

675153108413

3,534178

3,356-82

3,274561533

4,368

8,571

6,980450

1,141297845

4098,162

6,71649

()

()

19570

2,182512219192212676268

(*)132

1,671920361131051451218356

(*)442619

1212204253

158103596

1,009397108

1,19551753520135799

1,44732143

1,082

8,571444

8,126-106

8,0211,3861,316

10, 723

9,461

7,702530

1,229348881

4628,999

7,39961332825

)1

23629

2,393575240202414785329

C)152

1,8189383414512217114897671

473020

7471222384561170111685

1,094419127

1,346538036

22736913

1,60035455

1,190

9,461549

8,912-122

8,7911,5831,607

11,982

9,944

8,267615

1,062237825

3829,562

7,75957322525

(

()24

615

2,433(D)25419

(D)1568933

(D)(*)

17

()94531150135175409747

(*)47

(D)19

7771222354465192120753

1,173451132319

1,475(D)

8237257D

1,80338255

1,366

9,944586

9,358-123

9,2351,7662,008

13,008

11,223

9,371738

1,114195919

34310,879

8,89262342825

()23682

2,860(D)28121

(D)18110238

(D)(*)

22

()1,176

331621521924711061

(*)56

(D)22

8851332714974219138842

1,353520141379

1,664(D)

8841295

1,98740656

1,526

11,223654

10, §69-134

10,4351,9742,171

14,580

Per capita income (dollars)Total population (thousands).

5,44620,640

6,01620,876

6,54421,198

7,15121,520

5,704552

6,067574

6,595590

7,162610

4,8302,220

5,3122,255

5,6952,284

6,2612,329




1973-76

Table 61.—Washington

1973 1

13,542

11,168635

1,739644

1,095

78712, 755

9,818974749257

(*)315834

2,998(D)2875422331217326

(*)20

(D)

(D)

58734208961527189929

(D)721030

99216121811517524381831

1,488646169478

1,908671135834960

1,260

2,937694434

1,808

13,542718

12,824174

12, 9982,2392,253

17,491

5,0893,437

19741

15,066

12,491750

1,824692

1,132

86414, 202

10,92810452523182318882

3,394(D)3166472571328934

(*)23

(D)

(D)

6223725811517381

1,04831

(D)781233

1,07517223411420026787979

1,625677195483

2,160741246040867

1,427

3,274803516

1,955

15,066888

14,178248

14,4262,6292,684

19, 739

5,6493,494

1975 2

16,736

13,875892

1,970665

1,305

86915, 867

12,236104555036

( )(D)

191,047

3,664(D)353

(D)50267144102

(D)(*)26

(D)

(D)

6532925917618677

1,11629

C)88

(D)34

1,172172246129221303101

1,1651,793735224510

2,519801366254071

1,629

3,631908532

2,190

16, 736999

15, 737372

16,1092,9523,279

22,341

6,2773,559

1976 2

18,320

15,4231,0491,849408

1,441

66617, 654

13, 698111585441

(D)(D)

221,228

4,024(D)394

(D)59318158115

(D)(*)31

(D)

(D)

7903428417819383

1,12933

C)99

(D)40

1,330189289145253341112

1,2802,058832247585

2,794931456961483

1,791

3,956986551

2,418

18, 3201,089

17, 231471

17, 7023,3003,567

24,569

6,8023,612

Table 62.—Alaska

1973 1

1,800

1,621741051

103

21,798

1,009342324123521

182

1217442

(D)(*)1984

(D)(*)

(*)

4737

(D)11

(*)1

(*)(*)

6(D)(*)

1703231258532154151571938

19915104324

135

789239240311

1,800100

1,700-80

1,619118268

2,006

6,060331

1974 1

2,387

2,167991211

120

22,385

1,505362347136432

432

1448746

(D)(*)2495

(D)(*)(*)(*)

5845

(D)

I ) 22

(*)(*)

(*)7

(D)1

2373461784632475185652442

26020104514

171

880267253360

2,387137

2,250-227

2,022168239

2,429

7,117341

1975 2

3,763

3,4491711432

141

33,759

2,76732329116

(D)(D)

4(D)1,095

161(D)

51(E>)(*)

11(D)

2(*)

2(*)

(D)

46(*)

43

(D)1

(D)(*)

11(D)

1

4064

133281159630126259923359

481(D)124

206(D)(D)

992308257426

3,763174

3,589-640

2,949220274

3,443

9,440365

1976 2

4,616

4,2472121563

154

44,612

3,52840338137

4(D)1,559

196(D)73

(D)(•)

13

3(*)

1(*)

(D)

51(*)

43

1(D)(*)10

1

4354

12031130113371472951214378

598(D)

134

281

(D)

1,084324265496

4,616214

4,402-956

3,447253279

3,979

10,415382

Table 63.—Hawaii

1973 1

3,804

3,36617326426238

1343,670

2,43414113

(*)(*)

(*)(E>)380

225168100

2132977

(*)

1

57105

52

4(*)(*)

25

4

321(*)3124135913918240722444181

679134311510632361

1,236402409424

3,804206

3,597(*)

3,597563450

4,611

5,554830

1974 1

4,176

3,69519228865222

1714,005

2,63315133

(*)(*)

(D}

407

248186112

(*)2233098

(*)11

6185352

(D)5

(*)(*)

28

4

347(*)3425156914119644824551195

726142321611833384

1,372438469465

4,176230

3,946(*)

3,946684548

5,177

6,138843

1975 2

4,509

4,02724224037203

1514,358

2,85819

(E>)( )(*)(*)

(*)

428

271206128

(P)22

(D)33

9(*)

11

6564

(E>)72

6(D)(*)

29

6

384(*)

36

/D)(D)(m20149627357217

785

3417129

(D)

1,500475498527

4,509250

4,260O4,260747700

5,706

6,669856

1976 2

4,825

4,29028025627229

1554,671

3,07522

(D)(D)(*)(*)

(*)

380

285219135

(D)23

(D)35

10(*)

1

6664

72

8(E>)(*)

27

7

432(*)

38

(D)(D)(D)21856330263239

873

3618141

(D)

1,596511494591

4,825266

4,559(*)

4,559828811

6,198

7,080875

Line

1

23456

78

9101112131415161718

192021222324252627282930

31323334353637383940414243

444546474849505152535455

56575859606162

63646566

6768

6970

717273

74

7576

(Continued from p. 16)

business. Rental income of persons,with capital consumption adjustment,is the monetary income of persons fromthe rental income of real property,except the income of persons primarilyengaged in the real estate business; theimputed net rental income of owner-occupants of nonfarm dwellings; andthe royalties received by persons frompatents, copyrights, and rights tonatural resources.

New IRS data for 1968 forward,together with modified allocation pro-cedures, improved the quality of theState series for all three income types.Other revisions were particularly im-portant for the rental income of personsand for personal interest income.

The largest definitional and classifi-cational revision was in the rentalincome of persons; and this reflected thesubstitution of an economic capitalconsumption estimate, which is meas-ured by replacement costs, for anestimate measured by historical costs.This substitution, when coupled withrecent inflation and the relatively longservice lives of residential structures,greatly increased capital consumptioncharges. These increased charges low-ered the rental income of persons onboth owner- and tenant-occupied hous-ing. The effect of the increased capitalconsumption estimate on the rentalincome of persons was partially offsetby the substitution of longer servicelives in the estimation of capital con-sumption of tenant- and owner-occu-pied housing.2

Three other definitional and classi-ficational revisions affected the rentalincome of persons. First, paymentsreceived by nonoperating farm land-lords were reclassified from farm pro-prietors' income to rental income ofpersons. Second, mobile home purchaseswere reclassified from personal con-sumption expenditures and expendi-tures for producers' durable equipmentto investment in residential and non-residential structures, respectively. Thisshift entailed estimation of both mone-tary and imputed rents for mobile

{Continued on page 64)

2. For a more detailed discussion, see Part I of the January1976 SURVEY and "New Estimates of Capital ConsumptionAllowances in the Benchmark Revision of GNP" in theOctober 1975 SURVEY.


BY OBIE G. WHICHARD

U.S. Direct Investment Abroad in 1976

LAJOR developments related toU.S. direct investment abroad in 1976were:

(1) The U.S. direct investment posi-tion increased 10 percent, to $137.2billion. The increase consisted of netcapital outflows of $4.6 billion, rein-vested earnings of $7.7 billion, andvaluation adjustments of $0.7 billion.The increase was smaller than in 1975,primarily because net capital outflowsdeclined substantially.

(2) Adjusted earnings—the returnon the position—were $18.8 billion,up 13 percent. The increase was cen-

NOTE.—Robyn J. Hamilton, Ralph Kozlow,John W. Rutter, and Patricia C. Walkerprepared the estimates in this article under thegeneral supervision of Julius N. Freidlin. Eachof these individuals also furnished backgroundinformation.

tered in developed countries. It re-flected moderate improvement in busi-ness conditions abroad, as well as theincrease in the direct investmentposition.

(3) Receipts of income from U.S.direct investment abroad were $11.1billion, up 30 percent. Petroleum af-filiates in developing countriesaccounted for over half of the increase.

The annual estimates in this articleincorporate major revisions made (1)for the years 1973-76, because ofchanges in the treatment of transactionsand imputations involving a U.S.-incorpofated petroleum company, itsforeign branch and the foreign hostgovernment, and (2) for the years1966-76, because of a change in theU.S. company's method of reportingto BE A. The revisions are described inthe technical note.

CHART 2

U.S. Direct Investment Abroad, 1976Direct Investment Position:

$137.2 BillionBillion $

60 50 40 30 20 10 0 -10

Addition to Direct Investment Position:$13.0 Billion

Billion $0 1 2 3 4 5 6 7

•

I

1 1 1 1

Petroleum

Manufacturing

Other

i_i•

:1

1

1I I i i 1

Developed Countries

Canada

Europe

Other

Developing Countries

Latin America

Other

International andUnallocated

:

1

1

•

1 1

1 1 1 1 1

Hl

t 1 1 1 1


32

The Direct InvestmentPosition

At yearend 1976, the U.S. directinvestment position—the net bookvalue of U.S. direct investors' equityin, and outstanding loans to, foreignaffiliates—was $137.2 billion (table 1and chart 2). By industry, petroleumaccounted for 22 percent of the posi-tion, manufacturing for 44 percent,and "other" industries—in which thepositions in finance and insurance,trade, and mining and smelting werethe largest—for 34 percent (table 2).By area, developed countries accountedfor 74 percent, developing countriesfor 21 percent, and "international andunallocated" for 5 percent.

Investment in incorporated affiliateswas 88 percent of the position, andin unincorporated affiliates 12 percent.For incorporated affiliates, the positionconsists of cumulative net capitaloutflows, reinvested earnings, andvaluation adjustments. For unincor-porated affiliates, it consists of cu-mulative net capital outflows andvaluation adjustments—reinvested earn-ings are not recorded because allof the earnings are treated as remittedto U.S. parents; earnings not actuallyremitted are included in net capitaloutflows.

The 1976 Addition

The $13.0 billion addition to thedirect investment position was smallerthan in 1975 because declines in netcapital outflows ($1.7 billion) andreinvested earnings ($0.3 billion) wereonly partly offset by a $1.0 billionpositive shift in valuation adjustments.The shift in valuation adjustmentsoccurred largely because amounts



realized from the 1976 sale or liquida-tion of several affiliates in developedcountries exceeded the amounts pre-viously included in the position forthose affiliates.

The composition of the additionchanged significantly from 1975 to 1976.By component, the proportion ac-counted for by net capital outflowsdeclined, and that accounted for byreinvested earnings increased, as thelatter component declined by a smallerpercentage than the former. By indus-try, the proportion of the additionaccounted for by petroleum affiliatesdeclined because their reinvested earn-ings fell sharply, and those of non-petroleum affiliates increased. A relatedchange in area composition occurred:Because the petroleum decline wascentered in developing countries, andthe nonpetroleum increase in developedcountries, the developing countries ac-counted for a smaller, and the developedcountries for a larger, proportion of theaddition than in 1975.

Net capital outflows

Net capital outflows declined 27percent, to $4.6 billion; $2.6 billion wasto unincorporated affiliates and $2.0billion to incorporated affiliates (table3). The $2.0 billion consisted of $1.2billion for net equity investment and$0.8 billion for intercompany accounttransactions, principally short-term. In-creases in equity were nearly twice aslarge as decreases.1

The decline in net capital outflowsfor U.S. direct investment abroad oc-curred although domestic financial mar-ket conditions (weak loan demand andan ample supply of loanable funds)were conducive to an increase; therewas a substantial net increase in otherU.S. private assets abroad. To someextent, the decline in direct investment

Table 2.—Composition of U.S. DirectInvestment Abroad, 1975-76

[Percent]

1. The equity changes shown in table 3 are aggregations ofquarterly data. If, during a given year, an affiliate registersan increase in one quarter and a decrease in another, bothchanges are included separately in the table. Such changes,which occur infrequently, largely accounted for the offsetting1975 entries in the "international and unallocated" category.Because the affiliate involved was in the petroleum industry,the data for petroleum in all areas combined were similarlyaffected.

Total

By component:Net capital outflowsReinvested earningsValuation adjustments

By type of affiliate:IncorporatedUnincorporated

By area:Developed countriesDeveloping countriesInternational and unallocated..

By industry:PetroleumManufacturingOther

Positionyearend

1975 1976

100

n.a.n.a.n.a.

100

n.a.n.a.n.a.

7421.5

Addition toposition

1975 1976

100

4557

- 2

5646

- 2

100

35

7822

78220

274033

n.a. Not available.

outflows was attributable to host-country policies that led to sales andliquidations of some affiliates and prob-ably discouraged new investments. I talso reflected the delayed response ofaffiliate capital spending to excesscapacity resulting from the worldwide

Table 1.—U.S. Direct Investment Position Abroad, 1974-76


Positionyearend

1974

Addition in 1975

TotalNet

capitaloutflows

Re-investedearnings

Valuationadjust-ments

Positionyearend

1975

Addition in 1976

TotalNet

capitaloutflows

Re-investedearnings

Valuationadjust-ments

Positionyearend

1976

AH areasPetroleumManufacturingOther

Developed countriesPetroleumManufacturingOther

CanadaPetroleumManufacturing _.Other

EuropePetroleumManufacturingother ; : :

OtherPetroleumManufacturingOther

Developing countriesPetroleumManufacturingother ; ; ; ; ; ;

Latin AmericaPetroleumManufacturingOther


International and unallocated

110,17221, 54851,17237,452

83,02518,33441,97322,719

28,4045,73113,4509,223

44,7829,96023,99010, 832

9,8392,6424,5332,664

19,812-3909,200

11,002

19,4913,5647,5418,386

321-3,954

1,6582,616

7,335

14,0404,6524,7134,674

7,8982,0243,4542,420

2,634489

1,242903

4,7511,4332,0231,295

513102190222

6,4102,9091,2592,242

2,610-2401,0211,829

3,8003,149238413

-269

6,2642,9181,3012,045

2,8981,211921765

419-57130346

2,3381,293769276

141-2422143

3,7021,988379

1,334

1,215-214246

1,183

2,4872,202133152

-335

8,0482,0573,4512,540

4,900816

2,5401,543

2,173548

1,106518

2,345142

1,261943

381126174

3,0831,241910932

1,621173801647

1,4621,068110284

66

-273-323-38

101- 3- 8112

42- 2539

-1- 776

-90

-6-3

-375-320-31-24

-226-199-26-1

-149-121-5-23

124,21226,20055,88642,126

90,92320,35845,42725,139

31,0386,22014,69110.126

49, 53311,39326,01312.127

10,3522,7444,7222,886

26,2222,51910,45913,244

22,1013,3248,56210,215

4,121-8051,8963,029

7,067

13,0323,5135,1764,344

10,2263,3044,2722,650

2,889933

1,293664

6,3722,0512,6891,632

965320291354

2,828363904

1,562

1,435-384680

1,139

1,393747224423

-22

4,5962,409928

1,259

3,3541,941677736

102-538075

2,9141,838579497

33815619164

1,5201,384

7461

-423

7,714738

4,1262,850

6,176919

3,4981,759

2,459722

1,208528

3,11033

2,0291,049

607163261182

1,665810251604

145-574176543

1,204-368628945

1,302227495580

-98-595132364

333

722365122235

69644497155

328263461

3491818187

201117

-41-792513

-13-36

815

-4317- 3

67

137,24429,71361,06246,470

101,15023,66249,69927,789

33,9277,15315,98410,791

55,90613,44528,70213,759

11,3163,0645,0133,239

29,0502,88211,36214,806

23,5362,9409,24211,354

5,514-59

2,1203,452

7,044



economic recession of 1974-75. (Themost recent BEA estimates, based on asurvey taken last December, indicate a4-percent decline in capital spendingby majority-owned affiliates in 1976.2)Other factors that may have contrib-uted to the decline in net capital out-flows were volatile foreign exchangemarkets; reaction to proposed changesin U.S. taxation of foreign-source in-come (some of the proposals were in-corporated in the Tax Reform Act of1976); more rapid escalation of produc-tion costs abroad than in the UnitedStates; and balance sheet restructuringin response to changes in accountingrules pertaining to the translation ofaffiliate accounts from local currencyinto dollars and the effect of such trans-lation on affiliate earnings.

2."Capital Expenditures by Majority-Owned ForeignAffiliates of U.S. Companies, 1976 and 1977," SURVEY OFCURRENT BUSINESS, March 1977, p. 33.

Net capital outflows by industry andarea.—Net capital outflows to petro-leum affiliates declined 17 percent, to$2.4 billion. Net outflows to developedcountries rose 60 percent, and those todeveloping countries fell 59 percent.The rise to developed countries followeda decline in 1975 that was related toaffiliates' repayment of intercompanydebt incurred in 1974 to finance higher-priced oil imports. The rise also reflectedan increase in net outflows to theUnited Kingdom to finance develop-ment of previously discovered fields inthe North Sea. Outflows to develop-ing countries declined from a 1975figure that had been inflated by out-flows to unincorporated affiliates toextinguish tax and royalty liabilities in-curred in 1974. Inflows from Venezuelain the first half of the year—largelycompensation for nationalized affiliate

assets—also were reflected in the de-cline. Partly offsetting were a shift tonet outflows to Libya, largely as aresult of the resolution of a disputeover the terms of contracts between anaffiliate and the host government, and anincrease in net outflows to Indonesia—probably related to the relaxation ofrestrictions on the repatriation ofaffiliate earnings from that country.

Net capital outflows to manufacturingaffiliates declined 29 percent, to $0.9billion. Shifts to net inflows frommachinery affiliates in Canada andFrance accounted for almost the entiredecline. The inflows from France re-sulted from the sale of a telecommunica-tions manufacturing affiliate to localinterests.

Net capital outflows to affiliates in"other" industries declined 38 percent,to $1.3 billion. The decline was centered

Table 3.—Net Capital Outflows, by Type of Affiliate, 1975-76[Millions of dollars; inflows (-)]

Total

1975

Total

To incorporated affiliates *

Equity investment

Net Increases Decreases Total

Net intercompanyaccount

Short- Long-term

To unin-corporatedaffiliates

Total

1976

Total

To incorporated affiliates J

Equity investment

Net Increases Decreases

Net intercompanyaccount

TotalShort-term

Long-term

To unin-corporatedaffiliates

All areasPetroleumManufacturingOther...

Developed countiresPetroleumManufacturingOther

CanadaPetroleumManufacturingOther

Europe.PetroleumManufacturing.Other

OtherPetroleumManufacturingOther..

Developing countriesPetroleumManufacturingOther

Latin AmericaPetroleumManufacturing..Other


International and unallocated . .

6,2642,9181,3012,045

2,8981,211

921765

419- 5 7130346

2,3381,293

769276

141- 2 4

22143

3,7021,988

3791,334

1,215-214

2461,183

2,4872,202

133152

-335

1,77156

1,133581

1,617257831529

250- 5 6113193

1, 388419711258

- 2 1-106

535127301107

-154-362

17831

689489123

76

-381

1,490115949426

1,142- 3762383

162- 1 5

58119

87812

643223

102(*)

6141

27352

18634

15021

150- 2 1

124323656

74

3,2751,1591,173

943

1,68177

926678

2541574

165

1,27462

784429

152

84

50956

246206

35022

190138

1593556

1,086

-1,785-1,044

-224-517

-539- 8 0

-164-295

- 9 2- 3 0- 1 5- 4 7

-397- 5 0

-141-206

- 5 0

- 4 3

-235- 4

- 6 0-172

-200- 1

- 4 0-159

- 3 5- 3

- 2 0- 1 2

-1,011

281- 5 9

184156

475259

70146

- 4 25475

510407

6835

-123-106- 5 3

36

26275

11572

2852

565457

8721

-456

23812

2242

18231

14110

-153-233

96- 1 6

448315104

29

-113- 5 0- 5 9

2355783

-289-373

1272

524429

7123

-179

43- 7 1- 4 0154

293228

- 7 1136

241192

- 4 291

6292

- 3 6

- 1 0- 5 6

639

271832

- 2 4

- 1 5- 1 0

16- 2 1

412816

- 3

-277

4,4942,862

1681,464

1,28195490

236

169- 117

153

950874

5818

162811566

3,1671,861

781,227

1,36814868

1,152

1,7981,713

1076

46

4,5962,409

9281,259

3,3541,941

677736

102- 5 3

8075

2,9141,838

579497

15619

164

1,665810251604

145-574176543

1,5201,384

7461

-423

1,974775917282

2,3231,263

663397

- 8 3- 7 3

79

2,1391,175

561403

2671612482

-270-496

254

-217197

13

-262-279

58- 4 1

- 7 9

1,157- 3 4893298

761-108

686182

-441-435

- 1 04

1,093327640126

108- 15753

73207117

35781

18592

41- 72226

- 1

2,649515

1,312822

1,979434

1,056490

2399639

103

1,608334942333

1324

7554

60381

256267

53081

217232

74(*)3835

66

-1,492-549-419-524

-1,219-542-370-308

-680-531

- 4 9-100

-515- 7

-302-207

- 2 4- 4

- 1 9- 1

-206- 7

- 4 9-149

-1730

- 3 3-140

- 3 3- 7

- 1 6- 9

- 6 7

817810

24- 1 6

1,5631,371

- 2 4215

358362

89- 9 2

1,046847

- 7 9277

158162

- 3 330

-57047

-145

-365-298

12- 7 9

-303-272

35

- 7 8

888885

92- 9 0

1,5161,433

6814

212256

6- 5 0

1,038936

7231

265241

- 1 034

-518-565

2423

-316-305

8- 1 9

-202-260

1642

-110

- 7 1- 7 6- 6 8

73

47- 6 2- 9 2201

14610682

- 4 2

-151247

-107- 8 0- 2 3

- 4

-150- 524

- 4 974

- 6 0

-101- 1 2

20-108

33

2,6221,633

11977

1,031677

14339

18520

1164

774663

1894

71- 5- 581

1,9351,306

- 4633

153-357

- 2 0531

1,7821,663

17102

-344

•Less than $500,000 (±) .1. Includes capital outflows to purchase capital stock in affiliates from unaffiliated foreigners

and capital inflows from the sale of such stock to unaffiliated foreigners. Although such capitalflows are not actually " to" foreign affiliates, they are so classified because they change the

U.S. direct investment position in these affiliates. When the country of the affiliate differsfrom that of the buyer or seller of capital stock in the affiliate, the capital flows are classifiedaccording to the country of the affiliate.



in Latin America, and reflected reducedoutflows to a mining and smeltingaffiliate in Peru and to a finance affiliateof a U.S. petroleum company inBermuda.

Net capital outflows by status of affili-ate.—Table 4 shows net capital out-flows to new affiliates, to affiliatesliquidated or sold, and to all otheraffiliates. For affiliates whose statuschanged, total capital flows are shown,not only those flows that resulted in orfrom the change in status itself (such asoutflows that financed an acquisition orinflows reflecting the proceeds of a saleor liquidation).

Net capital inflows of $1.7 billionfrom affiliates that were liquidated orsold exceeded net capital outflows of$0.7 billion to new affiliates. Con-sequently, net outflows to all otheraffiliates exceeded those to all affiliatescombined. (In contrast, in 1975, netoutflows to new affiliates exceeded netinflows from affiliates that were liqui-dated or sold.)

Of the $1.7 billion, $1.0 billion camefrom affiliates that were sold and $0.7billion from liquidated affiliates. Overhalf of the $1.0 billion came from thepreviously mentioned French telecom-munications manufacturing affiliate andfrom a Canadian petroleum affiliatethat was purchased by a new State-owned corporation. A major portion ofthe net inflows from liquidated affiliatescame from a U.K. petroleum affiliate;apparently, most of its activities weretransferred to another U.K. affiliate ofthe same U.S. parent.3

Capital inflows from Venezuelan affili-ates whose assets were nationalized areincluded in the "to other affiliates"column of table 4, rather than in the"liquidated" column. Although theassets were nationalized, the affiliates

3. In such a situation, the figures in table 4 are affected bythe consolidation practices followed by the U.S. parent inreporting to BE A. If it chooses, the parent may file a con-solidated report for affiliates in the same country and indus-try. If the parent of the affiliate in question had filed a con-solidated report for all of its U.K. affiliates, no liquidationwould have been reported for the consolidated entity.

remained in Venezuela as U.S.-ownedbusiness enterprises to purchase crudeoil from, or to provide technicalassistance to, the newly nationalizedentities.

Of net capital outflows to new affili-ates, $0.5 billion was to newlyestablished affiliates, and $0.2 billionto existing companies acquired during1976. The newly established affiliateswere primarily in industries other thanpetroleum.

Net capital outflows to incorporatedaffiliates, by transactor.—Net capitalflows for U.S. direct investment abroadinclude those that result from theacquisition or sale of equity shares inincorporated affiliates from or to for-eigners other than the affiliates inwhich the investment was made. In1976, these transactions resulted in netcapital inflows of $0.7 billion (table 5).In contrast, transactions between U.S.direct investors and incorporated af-filiates in which the investment wasmade resulted in net outflows of $2.7billion.

Table 4.—Net Capital Outflows, by Status of Affiliate, 1975-76[Millions of dollars; inflows (—)]

1975

Total

To new affiliates

Total Established Acquired

To affiliates liquidatedor sold

Total Liquidated Sold

To otheraffiliates

1976

Tota

To new affiliates

Total Established Acquired

To affiliates liquidatedor sold

Total Liquidated Sold

To otheraffiliates

All areasPetroleumManufacturing.Other

Developed countries.PetroleumManufacturingOther.

CanadaPetroleumManufacturing.Other

EuropePetroleumManufacturing.Other

OtherPetroleumManufacturing.Other

Developing countries-PetroleumManufacturingOther

Latin AmericaPetroleumManufacturing.Other

OtherPetroleumManufacturing-Other

International and unallocated..

6,2642,9181,3012,045

2,8981,211921765

419-57130346

2,3381,293769276

141-2422143

3,7021,988379

1,334

1,215-214246

1,183

4872,202133152

-335

76371

254438

4777

171299

1120

12100

2784

112161

34638

2826483

135

1197

5061

162563373

61171

163377

3527

8307

75

2074

60142

623

3129

2556464

127

1017

3855

154562672

1530

9261

125

53

-591-133-189-269

-394- 2 2

-145-227

- 2 0(*)

- 1 1

-312- 2 4

-131-157

- 6 22

- 3- 6 1

-197-112- 4 3- 4 2

- 4 84

- 2 3- 2 9

-148-116- 2 0- 1 3

(*)

-205-118- 4 6- 4 0

- 7 7- 4

- 3 8- 3 5

20

- 1- 1

- 5 8- 6

- 3 8- 1 3

- 1 721

- 2 0

-127-114

- 34

-123-118

(*)- 5

- 1

-387-15-143-229

-317-17-108-192

-18(*)-10-7

-254-17-93-144

-450

-4-41

-702

-35-37

-45 (

-15 !- 3 0 I

- 2 6 i2 (

-20 |- 7 '

6,0922,9811,2351,876

2,8151,226896693

327-57129255

2,3721,312788272

116-29-21166

3,6172,036339

1,241

1,144-225218

1,150

2,4732,26112191

-339

4,5962,409928

1,259

3,3541,941677736

102-538075

2,9141,838579497

33815619164

1,665810251604

145-574176543

1,5201,384

7461

-423

70880275353

681323199160

12293524

491226155110

69439

192-777123

116-225682

76152041

-165

5092

180327

509245124140

4516524

4002258590

6543426

165-756116

92-223875

74151841

-165

(*)

199789526

173787420

77770

-1,705-984-312-409

-1,504-974-280-250

-605-413-46-147

-561-217-101

-20(*)-17-2

-168-10-32-126

-144

-118

-24-10-6

-34

-701497-7

-196

-672-495-5

-172

-140-19-1

-121

-530-477-3-50

- 1- 2

-24- 2- 3-19

-19(*)

-3-16

(*)

-5-2

-3

-4

-1,005-487-304-213

-832-479-276-77

-465-394-45-26

-350-85-214-51

-170

-16-1

-144-8-29-106

-1240

-23-101

-19

-5

-30

5,5933,313964

1,316

4,1762,592759826

585267121198

3,3022,173641488

288152-3140

1,641827206

173-552146579

1,4681,379

6028

-224

•Less than $500,000(±).


36 SUKVEY OF CURRENT BUSINESS August 1977

The net capital inflows of $0.7 billionfrom transactions with other foreigners(most of whom were unaffiliated withthe U.S. direct investor) consisted ofinflows of $1.0 billion from sales ofequity, partly offset by outflows of$0.3 billion for acquisitions. (In con-trast, sales and acquisitions were al-most equal in 1975.) About three-fourths of the inflow from sales wasfrom sales of U.S. parents' entire equityinterests, largely in the previouslymentioned affiliates in Canada andFrance. Almost two-thirds of the out-flow for acquisitions was for equity innew affiliates.

Reinvested earnings

Reinvested earnings are equal tothe difference between incorporatedaffiliates' earnings and gross dividends,or to their earnings multiplied by thereinvestment ratio—the fraction ofearnings reinvested. To show the por-

tions of changes in reinvested earningsattributable to changes in earnings,and to changes in reinvestment ratios,changes in reinvested earnings aredecomposed into: (1) The changethat would have occurred given thechange in earnings but an unchangedreinvestment ratio, (2) the change thatwould have occurred given the change inthe reinvestment ratio but unchangedearnings, and (3) a residual interactionterm equal to the product of thechange in earnings and the change inthe reinvestment ratio.4 5

4. When changes in earnings and reinvestment ratios aresmall compared with levels of the previous period, the interaction term will also be small, and the change in reinvestedearnings will be approximated by the sum of the first twoterms. The interaction term is particularly large for pe-troleum in "other" developing countries because the changein the reinvestment ratio for that category was extremelylarge (table 6).

5. The decomposition is carried out for the three majorindustries in six areas—Canada, Europe, "other" developedcountries, Latin America, "other" developing countries, and"international and unallocated." The results are aggregatedas necessary to obtain all-industry and all-area totals.

Reinvested earnings declined 4 per-cent, to $7.7 billion (table 6). Thedecline occurred because reinvestmentratios declined; earnings increased 9percent (table 7). Reinvested earningsrose 26 percent in developed countriesand declined 61 percent in developingcountries. The former was attributableprimarily to increases in earnings and,to a lesser extent, in reinvestmentratios; the latter was attributableprimarily to declines in reinvestmentratios and, to a lesser extent, inearnings.

Reinvested earnings of petroleumaffiliates declined 64 percent, to $0.7billion. The decline was caused bydecreases in both earnings and rein-vestment ratios, particularly the latter.The decline in reinvested earnings,which was centered in "other" develop-ing countries, largely reflected twodevelopments in Indonesia. First, an

Table 5.—Net Capital Outflows to Incorporated[Millions of dollars;

Line

1975

Total

Net transactions between U.S. parent and foreigners other than affiliate in whichinvestment was made 1

Total

For acquisition of

TotalEquity in

newaffiliates

Additionalequity inexistingaffiliates

For sale of

TotalEntireequity

interest inaffiliates

Partialequity


Net transactions between U.S.parent and affiliate in which in-

vestment was made

Total Netequity

Net inter-company

AllPetroleumManufacturingOther



EuropePetroleumManufacturingOther






1,77156

1,133581

1,617257831529

250- 5 6113

419711258

- 2 1-106

877

535127301107

-154-362

17831

12376

-381

- 4 4- 4 1104

-107

- 1 3- 3 8106

- 8 0

(*)

- 1 9

2- 3 9

84- 4 2

100

29- 1 9

- 2 5- 3- 2

- 2 0

- 1 1C)

5- 1 6

- 1 4- 3- 7- 5

- 6

C)

(*)

(*)

5029

278215

4369

231197

2716

20

3538

192153

570

3423

65

4617

47

3413

17

124

(*)

1190

8534950

7026

11047

(*)

(*)

C)

3839

193181

3419

161171

1612

13

2848

141135

410

1823

42

3110

32

257

10

63

(*)

-546- 5 0

-174-322

-450- 4 7

-125-277

- 5 2

- 1 4- 3 8

-350- 4 7

-108-196

- 4 60

- 4- 4 3

- 9 0- 3

- 4 9- 3 9

- 5 90

- 3 0- 2 9

- 3 1- 3

- 1 9- 9

- 7

-389- 1 9

-135-235

-314- 1 7

-104-192

- 1 7(*)

- 1 0- 7

-251- 1 7- 9 1

-143

- 4 50

- 4- 4 2

- 6 8- 2

- 3 1

- 4 20

- 1 4- 2 8

- 2 6- 2

- 1 7- 7

- 7

-157- 3 1- 3 9- 8 7

-136- 3 0- 2 1- 8 5

- 3 50

- 4- 3 1

- 9 9- 3 0- 1 7- 5 3

C)

- 10

- 1

- 2 2- 1

- 1 8- 3

- 1 70

- 1 6i

- 5- 1- 2- 2

1,81597

1,029

1,630295726609

276- 5 7121212

1,385458627301

- 3 1-106- 2 2

560130303127

-143-362

17346

70349213081

-375

1,534156845532

1,15536

656463

188- 1 5

67137

87551

559266

920

3160

29855

18855

16021

145

13835

281- 5 9184156

47525970

146

- 4 25475

5104076835

-123-106- 5 3

36

26275

11572

-303-383

2852

5654578721

-456

* Less than $500,000 (±). 1. Data are classified by country of the foreign affiliate in which investment was made.Includes transactions in which a U.S. parent acquired or sold equity in one affiliate from

or to another affiliate. However, most of these transactions are with unaffiliated foreigners.



affiliate's postponement of a largedividend payment from 1975 to early1976 sharply lowered the reinvestmentratio—the postponement, which mayhave been related to the country'sbalance of payments problems, re-sulted in negative reinvested earningsby the affiliate in 1976. Second, affiliateearnings in Indonesia declined sub-stantially.

Reinvested earnings of manufacturingaffiliates increased 20 percent, to $4.1billion. A 38-percent increase in de-veloped countries more than offseta 30-percent decline in developingcountries. The increase in developedcountries was centered in Europe—particularly German affiliates manu-facturing transportation equipment—and was attributable to increases inboth earnings and reinvestment ratios,especially the former. The decline indeveloping countries was centered in

Latin America, where both earningsand the reinvestment ratio declined.

Reinvested earnings of affiliates in"other" industries increased 12 percent,to $2.9 billion. A major portion of theincrease was attributable to increasedearnings in developed countries, par-ticularly in Europe; a smaller portionwas attributable to an increase in thereinvestment ratio in "internationaland unallocated.'7

Adjusted Earnings

Adjusted earnings—which consist ofthe U.S. parents' shares in the earnings(net of foreign income taxes) of theirforeign affiliates, plus net interest onintercompany accounts, less foreignwithholding taxes—increased 13 per-cent, to $18.8 billion (table 8).

Increases were registered in bothdeveloped countries (20 percent) anddeveloping countries (4 percent). The

increases reflected moderate improve-ment in business conditions abroad, andthe increase in the direct investmentposition, from which adjusted earningsare generated. The increase in develop-ing countries was dampened by an86-percent decline in Mexico—the re-sult of a substantial devaluation of thepeso in August 1976 and its subsequentfloating in October, which led to furtherdepreciation against the dollar.6 Thedollar value of the peso was reduced bymore than 50 percent; the effects on

6. A devaluation of a foreign currency can lower adjustedearnings in at least three ways. First, it lowers the dollarvalue of a given amount of foreign currency earnings. Second,it raises the cost to affiliates of imported raw materials andintermediate products, and lowers the amounts affiliatesreceive for goods they export. Third, it results in translationlosses by affiliates that have a net asset exposure with regardto certain balance sheet items denominated in local currency.(According to recent changes in accounting rules, these lossesmust be carried through the affiliates' income statements.)All three factors probably contributed to lower adjustedearnings in Mexico.

Affiliates, by Transactor, 1975-76inflows (-)]

1976

Total

1,974775917282

2,3231,263

663397

- 8 3- 7 3

79- 8 9

2,1391,175

561403

2671612482

- 2 7 0- 4 9 6

254- 2 8

- 8- 2 1 7

19713

- 2 6 2- 2 7 9

58- 4 1

- 7 9

Net transactions between U.S. parent and foreigners other than affiliate in which investment was made 1

Total

- 7 3 1- 2 8 1- 1 2 7- 3 2 2

- 5 9 3- 2 7 5- 1 2 1- 1 9 8

- 3 5 4- 2 7 3- 1 0- 7 1

- 2 3 9- 2

- 1 0 9- 1 2 8

(*)0

- 11

- 1 0 8- 7- 7

- 9 5

- 8 403

- 8 7

- 2 4- 7

- 1 0- 8

- 3 0

For acquisition of

Total

29978

15954

25478

13542

877810

C)154

(*)11340

130

121

450

3311

390

2811

605

C)0

Equityin new

affiliates

189778825

164776918

77770

(*)

84(*)

6618

3030

250

196

230

176

202

(*)

0

Additionalequity inexistingaffiliates

1101

8129

901

6624

101

10(*)

700

4722

10091

200

145

160

115

403

C)0

Total

- 1 , 0 3 0- 3 5 9- 2 9 6- 3 7 6

- 8 4 8- 3 5 2- 2 5 6- 2 4 0

- 4 4 1350

- 2 0- 7 1

- 3 9 3- 2

- 2 2 3- 1 6 8

- 1 40

- 1 3(*)

- 1 5 3- 7

- 4 0- 1 0 6

- 1 2 30

- 2 5- 9 8

- 3 0- 7

- 1 5- 8

- 3 0

For sale of

Entireequity


- 7 8 7- 3 5 7- 2 6 2- 1 6 9

- 6 5 8- 3 5 2- 2 3 6

- 7 0

- 3 9 2- 3 5 0- 1 6- 2 6

- 2 5 3- 2

- 2 0 7- 4 4

- 1 30

- 1 2(•)

- 1 0 0- 5

- 2 6- 6 9

- 8 80

- 2 1- 6 7

- 1 2- 5- 5- 2

- 3 0

Partialequity


- 2 4 3- 2

- 3 4- 2 0 7

- 1 9 00

- 2 0- 1 7 0

- 4 90

- 4- 4 5

- 1 4 00

- 1 6- 1 2 4

- 10

- 10

- 5 3- 2

- 1 4- 3 7

- 3 50- 4

- 3 1

- 1 8- 2

- 1 0- 6

0

Net transactions between U.S. parent andaffiliate in which investment was made

Total

2,7051,0571,044

604

2,9161,538

784595

27120089

- 1 7

2,3781,177

670531

2671612581

- 1 6 2- 4 8 9

26167

76- 2 1 7

19399

- 2 3 8- 2 7 2

67- 3 3

- 4 9

Netequity

1,888247

1,020620

1,353167808380

- 8 7- 1 6 2

075

1,332330749254

109- 15851

50681

214212

44181

181178

650

3233

29

Net inter-company

817810

24- 1 6

1,5631,371

- 2 4215

358362

89- 9 2

1,046847

- 7 9277

158162

- 3 330

- 6 6 8- 5 7 0

47- 1 4 5

- 3 6 5- 2 9 8

12- 7 9

- 3 0 3- 2 7 2

35- 6 6

- 7 8

Line

1234

b678

9101112

13141516

17181920

21222324

25262728

29303132

33



adjusted earnings are suggested by thefollowing quarterly figures:

Adjusted Earnings—Mexico[Millions of dollars]

1975

1976

Change

Year

455

64

- 3 9 1

I

99

127

28

II

107

135

28

I I I

113

- 5 3

- 1 6 6

I V

135

- 1 4 4

- 2 7 9

Adjusted earnings of petroleum affili-ates increased 6 percent, to $5.1 billion.There was an increase in developedcountries (15 percent), and a decrease indeveloping countries (3 percent). Indeveloped countries, increases in Canadaand Japan more than offset decreases inBelgium and Luxembourg; in develop-ing countries, increases in the MiddleEast, largely because of increased crudeoil production, were more than offset bydecreases in Venezuela and Indonesia—

because of nationalization of affiliateassets in the former and changes in theterms of production-sharing contractswith the host government in the latter.

Adjusted earnings of manufacturingaffiliates increased 20 percent, to $7.2billion. There was a 28-percent increasein developed countries and a 10-percentdecline in developing countries. Theincrease in developed countries wascentered in Germany, particularly intransportation equipment; it reflectedboth general economic recovery inGermany and a 21-percent increase inGerman production of motor vehicles.Mexican affiliates more than accountedfor the decline in developing countries.

Adjusted earnings of affiliates in"other" industries increased 13 percent,to $6.6 billion. There were increases inboth developed countries (10 percent)and developing countries (22 percent).Much of the increase in developingcountries occurred because earnings ofunincorporated banking affiliates in the

Table 6.—Reinvested Earnings of Incorporated Affiliates, 1975-76[Millions of dollars]

All areasPetroleumManufacturingOther


C anadaPetroleumManufacturingOther



Developing countriesPetroleumManufacturingOther '..

/Latin America

PetroleumManufacturingOther....


International and unallocated.

"Less than $500,000 (±) .1. See text for explanation.

Reinvested earnings

1975

8,0482,0573,4512,540

4,900816

2,5401,543

2,173548

1,106518

2,345142

1,261943

12617482

3,0831,241910932

1,621173801647

1,4621,068110284

66

1976

7,714738

4,1262,850

6,176919

3,4981,759

2,459722

1,208528

3,11033

2,0291,049

607163261182

1,204-368628945

1,302227495580

- 9 8- 5 9 5

132364

333

Change in reinvested earnings

Total

- 3 3 4-1,319

675310

1,276103958216

286174102

10

765- 1 0 9

769106

2263787

101

-1,879-1,609

- 2 8 213

- 3 1 953

- 3 0 6- 6 7

-1,560-1,663

2380

267

Portion attributable to 1

Changes inearnings

566- 2 1 6

581201

96194

675193

245100135

10

580- 4 8492137

136414847

- 3 8 2- 3 0 9- 9 4

21

- 1 2 735

- 1 2 2- 4 0

- 2 5 5- 3 4 4

2861

- 1 3

Changes inreinvest-

ment ratios

-1,783-1,873

-21111

176-332009

3362

-291

81-92199

-33034

-2,164-1,930-221-13

-23115

-217-29

-1,933-1,945

-416

205

Interaction

882769115-2

140428316

11-4(*)

1053178-4

27-1920

666629325

383332

628626-13

76

Caribbean increased sharply; this re-flected the increasing use of theseaffiliates by U.S. banks to lend fundsabroad.

The adjusted earnings rate of returnis the ratio of adjusted earnings to theaverage of the beginning-of- and end-of-year direct investment positions. Therate of return was 14 percent in 1976,essentially unchanged from 1975. Byindustry, it was 18 percent in petroleum,12 percent in manufacturing, and 15percent in "other" industries—in eachcase about the same as in 1975.

It should be noted that the positionincludes short-term trade-related inter-company loans to incorporated affiliateson which no interest is typically re-ceived, and thus for which no returnis reflected in adjusted earnings; thislowers the rate of return. Also, in someinstances the accounts receivable ofunincorporated affiliates are transferredto their U.S. parents for collection;this reduces the parent's position in theaffiliates (which, for an unincorporatedaffiliate, is equal to the net assets of theaffiliates), but does not affect adjustedearnings. In such instances, the rate ofreturn increases or, if the position be-comes negative, is undefined.

The transfer of accounts receivableparticularly affects the rate of returnfor petroleum affiliates in developingcountries, many of which are unin-corporated. Although the accounts re-ceivable of these affiliates are oftentransferred to their U.S. parents, theirliabilities—principally for taxes androyalties—generally remain with theaffiliate. The effects of these practices onrates of return are evident from thefigures in table 8: In both 1975 and1976, the direct investment position inthese affiliates was reduced to such anextent that the rate of return exceeded100 percent; in "other" developingcountries, the position was actuallynegative, and the rate of return unde-fined. Although the rate of return forpetroleum affiliates in developingcountries was extremely high, theseaffiliates accounted for only a smallproportion of the position in petroleum;consequently, the rate of return inpetroleum for all areas combined wasmuch closer to that for developed



Table 7.—Dividend Payout Ratios of Incorporated Affiliates, 1975-76[Millions of dollars, or ratio]

1975

Earnings

All areasPetroleumM anufacturingOther









12,8903,2485,8453,798

8,5321,6584,5582,316

3,029746

1,629653

4,708722

2,5191,467

796189410197

3,9691,4901,2871,192

2,161244

1,091826

1,8091,247196366

389

Grossdividends

4,8421,1912,3941,257

3,632842

2,018773

856198523135

2,362580

1,259523

41463236115

886249376261

53970290179

3471798682

323

1976

Earnings

14,0892,9597,0254,105

10,1181,6115,8542,653

3,376883

1,827665

5,658477

3,5031,679

1,084251524309

3,5291,1391,1711,220

1,993293925775

1,536846246445

441

Grossdividends

6,3752,2202,8991,255

3,941692

2,356893

916161619137

2,548443

1,475630

47788263126

2,3251,507543275

69166430195

1,6341,44011380

108

1975 1976

Payout ratio (grossdividends/earnings)

0.38.37.41.33

0.45.75.41.31

.39

.43

.40

.34

.27

.18

.34

.21

.45

.93

.42

.38

.44

.35

.50

.41

.661.32.46.23

.35

.23

.46

.25

1.061.70.46.18

.24

Table 8.—Adjusted Earnings Return on U.S. Direct Investment Abroad, 1975-76

All areasPetroleumM anufacturingOther





Developing countriesPetroleumManufacturingother ____;_:




Millions of dollars

1975

16,6154,7955,9985,822

9,5091,6424,6343,232

3,412852

1,628

4,989523

2,5901,876

1,108268416424

6,7033,0711,3642,268

3,221427

1,1601,634

3,4812,643204634

404

1976

18,8415,0727,1856,583

11,3931,8815,9543,558

3,8361,0021,836998

6,107532

3,5821,993

1,451347536568

6,9672,9691,2312,768

3,400449981

1,970

3,5672,520250797

480

Percent rate of return l

1975

14.220.111.214.6

10.98.5

10.613.5

11.514.311.69.6

10.64.9

10.416.3

11.09.99.0

15.3

29.1288.513.918.7

15.512.414.417.6

156.8

11.522.5

5.6

1976

14.418.112.314.9

11.98.5

12.513.4

11.815.012.09.5

11.64.3

13.115.4

13.412.011.018.5

25.2109.911.319.7

14.914.311.018.3

74.0)

12.424.6

6.8

1. Adjusted earnings divided by the average of the beginning-of- and end-of-year direct investment positions.2. Rate of return not defined because of negative direct investment position.

countries than to that for developingcountries.

To the extent that U.S. parents, inturn, extend credit to incorporatedaffiliates engaged in refining and dis-tribution in developed countries, theposition in these affiliates is increased,and the rate of return lowered. Thiseffect generally is less pronounced thanthe one discussed in the precedingparagraph, principally because onlypart of the oil sold by affiliates indeveloping countries is purchased byaffiliates in developed countries. (Someis imported into the United States,and some is purchased by foreigners notaffiliated with the U.S. parentcompanies.)

Rates of return in petroleum alsoreflect intercompany pricing and otherpractices that tend to shift profits(largely for tax reasons) from developedto developing countries. Because theseintercompany transactions systemati-cally raise the rate of return in one areaand lower it in another, the rate ofreturn figures for petroleum affiliates inspecific areas are less indicative of therate of return on invested capital inpetroleum than is the figure for allareas combined.

Current-Account Items

Receipts of incomeReceipts of income from U.S. direct

investment abroad consist of net divi-dends of incorporated affiliates and netinterest on intercompany debt, bothafter foreign withholding taxes, andearnings of unincorporated affiliates.Alternatively, they are adjusted earn-ings less reinvested earnings (table 9).

Income receipts rose 30 percent, to$11.1 billion (table 10). Dividends rose$1.3 billion, interest $0.1 billion, andearnings of unincorporated affiliates$1.2 billion.

Income receipts increased 13 percentin developed countries and 59 percentin developing countries. More thanhalf of the increase in developedcountries was in Europe, where theincrease was centered in manufacturing.Approximately three-fourths of theincrease in developing countries wasin "other" developing countries, wherethe increase—nearly all in petroleum—



Table 9.—Adjusted Earnings and RelatedItems: Derivation and Relationship


1. Earnings of incorporated affiliates.2. Earnings of unincorporated affili-

ates3. Earnings _.4. Gross dividends (on common and

preferred stock).5. Foreign withholding tax on divi-

dends.6. Dividends.7. Interest8. Reinvested earnings

9. Receipts of income

10. Adjusted earnings

1976 amount andsource

14,089 Reported

4,75418,8436,374

Reported=1+2=5+6

749 Derived

5,625747

7,714

11,127

18,841

ReportedReported=1-4 or

10-9=2+6+7

or 10-8=3-5+7

or 8+9

NOTE.—"Reported" refers to universe estimates derivedfrom reported sample data.

resulted primarily from the previouslymentioned dividend payment from In-donesia and, to a lesser extent, fromincreased crude oil production. Theincrease in Latin America, which ac-counted for the remainder of theincrease in developing countries, re-sulted largely from increased earningsof branch banks in the Caribbean.

Fees and royalties

Fees and royalties were $3.5 billionin 1976, essentially unchanged from1975 (table 11). Royalties and licensefees—payments for the sale or use ofintangible property, such as patents,processes, trademarks and copyrights—increased 3 percent. "Other" fees—management fees, service charges, filmand television tape rentals, and rentalsfor the use of tangible property—declined 5 percent.

Technical Note

Major revisions to the direct invest-ment data were made (1) for the years1973-76, because of changes in treat-ment of transactions and imputationsinvolving a U.S.-incorporated petro-leum company, its foreign branch andthe foreign host government, and (2) forthe years 1966-76, because of a changein the U.S. company's method of re-porting to BEA. Because of confidenti-ality requirements, the description ofthe revisions given below does notquantify the adjustments.

The first revision relates to certaindeposits made by the host governmentto the U.S. company, beginning in late

1973. According to information pro-vided by the company to BEA at thattime, these deposits were treated by thecompany as having been made in antici-pation of the issuance of capital sharesby the company to implement, in corpo-rate form, the provisions of a generalagreement between the company andthe host government concerning theirfuture relationship. Accordingly, BEAclassified the deposits as foreign directinvestments in the United States. In therevised accounts, the host governmentis considered to have made depositstoward the eventual purchase of sub-stantially all of the assets of the U.S.company's foreign branch and therefore,the deposits and subsequent relatedtransactions are included in the data forU.S. direct investment abroad. Thisrevision in classification corresponds toa change in the treatment of the de-posits on the books of the U.S.company, which, in turn, reflects thecompany's negotiations to date withthe host government. The companynow believes that the host government

will acquire virtually all the producingassets of the branch.

Before revision, the deposits by thehost government were included in netcapital inflows for foreign direct invest-ment in the United States and in theforeign direct investment position. Inthe revised accounts, they are excludedfrom these items and instead affect netcapital outflows for U.S. direct invest-ment abroad and the U.S. direct invest-ment position abroad. However, theprecise amount of the effect depends onthe disposition by the U.S. company ofthe financial assets received as a depositfor the producing assets; it is notknown whether the funds receivedremained in the United States or all orpart of them were transferred, in oneform or another, to the foreign branch.

Net capital outflows for U.S. directinvestment abroad were further revisedto include changes in what were pre-viously considered intercompany liabili-ties owed to the host government by theU.S. company for imputed dividendsnot paid. These liabilities are now con-

Table 10.—Receipts of Income on U.S. Direct Investment Abroad, 1975-76[Millions of dollars]










1975

Total

8,5672,7382,5473,282

4,609826

2,0941,690

1,239303522414

2,643381

1,330933

727142242343

3,6191,829453

1,337

1,600254359987

2,0201,575

95350

338

Interest

662152227283

443128168148

160656

221979826

62241423

1811859104

12945273

5214731

38

Dividends

4,3611,0872,1131,160

3,253763

1,789702744172455117

2,149536

1,129484

36055205100

786225325236

46963247159

3161617877322

Earningsof unin-

corporatedaffiliates

3,5441,498

2071,839

913- 6 5138840

33512512

199

273-252

103422

3056223

220

2,6531,587

69997

1,00218759

755

1,6511,400

10241

- 2 2

1976

Total

11,1274,3343,0593,734

5,217962

2,4561,798

1,376279628469

2, 996499

1,553944

844184275

5,7633,337603

1,823

2,098222486

1,390

3,6653,115117433

147

Interest

747209248291

501158191152

173117092

27213210733

56151428

1992957113

14434991

5526722

Dividends

5,6251,9272,5551,143

3,536635

2,090811

797140538119

2,325419

1,323582

41576

228110

1,9811,270465246

59460364170

1,3881,21110176

107

Earningsof unin-

corporatedaffiliates

4,7542,198

2562,300

1,180170175

40612819

259

400- 5 2123328

3749333

248

3,5832,038

811,464

1,36116072

1,128

2,2221,878

8336



Table 11.—Direct Investment Receipts of Fees and Royalties, 1975-76 1


1975

TotalPetro-leum

Manufacturing

TotalChemicalsand alliedproducts

Ma-chin-ery

Transpor-tation

equipmentOther

Trade Other

1976

TotalPetro-leum

Manufacturing

TotalChemicalsand alliedproducts

Ma-chin-ery

Transpor-tation

equipmentOther

Trade Other

All areasRoyalties & license

feesOther

Developed countriesRoyalties & license feesOther

C anadaRoyalties & license fees...Other

Europe _.Royalties & license fees. _.Other. . .

European Communities(9)

Royalties & license fees.Other

Belgium & Luxem-bourg

Royalties & licensefees

Other

FranceRoyalties & license

feesOther

GermanyRoyalties & license

fees ...Other . . . .

ItalyRoyalties & license

feesOther

Netherlands... _.Royalties & license

feesOther

United KingdomRoyalties & license

feesOther

Denmark and Ireland..Royalties & license

feesOther

OtherRoyalties & license fees.Other

JapanRoyalties & license fees....Other

Australia, New Zealand,and South Africa

Royalties & license fees..-Other

Developing countriesRoyalties & license feesOther

Latin AmericaRoyalties & license fees....Other

Of which MexicoRoyalties & license fees.—.Other

Other AfricaRoyalties & license fees....Other

Middle EastRoyalties & license fees....Other

Other Asia and PacificRoyalties & license fees.— .Other

International and unallocated.Royalt ies & license feesOther

3,543

1,8861,657

2,7701,7071,063

566198

1,7651,240

525

1,5321,090

443

126

8937

266

25313

307

25354

157

10949

161

83

77

471

27319843

2914

23315083

22317152

21699

118

722173549

376115262

1147242

971979

1304

125

1183583

516

45

343

16327

16711

156

392

37

1099

100

(*)17

(*)(D)

(*)10

39

(*)

()(*)(D)

1574

152

442

41

1(*)

54(*)

54

28

302

29

19(*)

2,098

1,573525

1,8871,450

437

400182218

1,1991,045

155

978107

105

7530

201

237- 3 6

238

2362

118

10216

70

74- 4

335

24194

18

144

1146647

17415716

1146648

211123

1519160

996533

(*)

439

317122

382276106

603723

271202

69

25018565

(*)

837

8371

798806

1148529

556609

- 5 3

513587

65

87

143- 5 5

144

183- 3 9

67

69- 2

31

- 1 9

137

11621

1

1(*)

432221

1079710

20173

1213

- 1

(*)(*)

0

211

17134

194

34160

17525

149

1205

115

411427

35

(*)

(*)(*)

(*)

(*)

(*)

(*)

(*)

(*)

(*)(*)(*)

(*)

627

385242

533344190

1065551

332220112

288

7—2

74

44

29

106

44

(*)3

li

186

14244

14612225

239

13

95

12- 4

14- 4

22

24

20173

912

- 3

1312

1

(*)5

- 5

(*)

11

(*)

724

185

13

916

155761

569124445

1055

100

100262

27634

242

21

72

18

144

856620

( D )2

)18

33330

302

1699

159

141

13

341716

93(*)

93

373

34

(*)

3,522

1,9491,573

2,7931,7861,007

633228405

1,7001,251

449

1,4711,090

381

116

8531

223

225- 2

296

27026

152

10844

170

10268

472

267205

43

3310

22916267

25720453

202103100

680155525

299103196

781

1725

167

12040

368

13356

1598

151

27(*)

27

1157

108

(*)(D)

55

(*)2

16(*)16

(*)

(D)

1945

189

44440

(*)

59C)

59

47

47

44

43

16(*)

15

2,100

1,619481

1,9181,504

414

451211241

1,1451,037

107

1,043972

71

166

211- 4 5

240

253- 1 3

115

10213

- 2

312

23281

176

1016536

21519024

1076542

18211567

1257748

765521

448

326122

405288117

633825

285208

77

26419173

12

(*)(*)

(*)

866

897- 3 1

863- 3 5

1219823

543624

- 8 1

499599

- 1 0 0

68

140- 6 2

135

73

752

17

36- 2 0

127

11

442519

143125

18

22165

37344

19163

910

- 1

(*)(*)(*)

412

1517

- 2

222

37185

20131

170

151

(*)

(*)

(*)

(*)

(*)

(*)

(*)(*)(*)

()(*)(D)

564

359205

483322161

116

28119487

246171

- 2

52

41

15

33

90

()

(D)

2(*)

2

(D)8

182

13449

143115

5756

(*)

9- 5

12- 7

19

12

24176

1313

(*)

10- 3

- 14

- 5

(*)

872

184687

573160414

1245

119

360133227

27254

218

7

21

1464

15

15(*)

22

28622

264

12312

111

131

12

205

14

1151

114

284

25

122

10

*Less than $500,000(±). D Suppressed to avoid disclosure of data of individual companies.

1. Royalties and license fees consist of payments for the sale or use of intangible property

such as patents, processes, trademarks and copyrights; "other" fees consist of managementfees, service charges, film and television tape rentals, and rentals for tangible property.


42 SURVEY OF CUEEENT BUSINESS August 1977

Table 12.—U.S. Direct Investment[Millions

Line

19

345678

9101112

13141516

17181920

21222324

25262728

29303132

33

34353637

38394041

42434445

46474849

50515253

54555657

58596061

62636465

66

All areasPetroleum -- -Manufacturing _ - .-Other

Developed countriesPetroleumM anufacturingOther

CanadaPetroleumManufacturing - - --Other

EuropePetroleum - - --ManufacturingOther

Other --PetroleumManufacturingOther

Developing countriesPetroleumManufacturing ----Other g . . . . . . .

Latin AmericaPetroleumManufacturing -Other




Developed countriesPetroleumM anufacturingOther - .

CanadaPetroleumManufacturing _ . -Other

EuropePetroleum - .Manufacturing . . . . . . . .Other..

Other. . .Petroleum _- -ManufacturingOther _ -

Developing countriesPetroleum

ManufacturingOther

Latin America _- - - - - - -PetroleumManufacturingOther.. . . . . .

OtherPetroleumM anufacturingOther . . . -.


1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976

Direct investment position

51,79213,89320,74017,160

35,2907,661

17,21410, 415

15,7133,1716,6975,845

16,3903,6278,9063,858

3,187863

1,611712

13,8665,0513,5255,290

9,7522,4562,9734,323

4,1142,595

552967

2,635

56,56015,16622,80318, 591

38,7088,493

18,91211,303

16,7033,3727,0596,272

18, 2314,1589,8674,206

3,774963

1,986824

14,9055,2893,8915,725

10, 2902,3913,2384,661

4,6152,898

6531,064

2,947

61,90716, 57425,16020,174

42,0889,159

20,72112, 208

17,9523,6257,5356,792

19, 8514,434

10,9404,478

4,2841,1002,247

938

16,4975,8524,4396,206

11,3422,5513,7235,068

5,1543,300

7161,138

3,323

68,09317,61228,33222,149

46,6589,859

23,28513,513

19,5783,8818,4047,293

22, 2464,756

12,3725,118

4,8341,2232,5091,102

17,6276,0325,0476,548

12,0392,5334,2025,304

5,5873,499

8451,244

3,809

75,48019,75431,04924,677

51,81911,20525,57215,042

21,0154,3378,9717,708

25, 2555,481

13, 8195,955

5,5491,3872,7831,379

19,1926,6445,4777,072

12,9612,7034,5415,717

6,2313,941

9361,354

4,469

82,76021,79434, 35926,607

56,95012,54428,32016,086

21, 8184,6439,5047,671

28,6546,247

15,6286,779

6,4781,6543,1881,636

20,7197,0276,0387,654

14,0132,9394,9956,080

6,7064,0881,0441,574

5,091

89,87823,38538,32528,168

62,06013, 54231, 55816,959

22,9854,764

10,4917,730

31,6966,872

17,5297,295

7,3781,9063,5381,934

22,2747,3766,7678,130

14, 8972,9795,6206,297

7,3774,3971,1471,833

5,545

101,31324,95144,37031,992

72,21415,91136,55019,753

25, 5415,320

11,7558,467

38,2558,524

20,7778,954

8,4172,0664,0192,332

22,9046,0747,8209,010

16,4843,0436,4566,984

6,4203,0301,3632,027

6,196

110,17221,54851,17237, 452

83,02518,33441,97322,719

28,4045,731

13,4509,223

44,7829,960

23,99010,832

9,8392,6424,5332,664

19,812-3909,200

11,002

19, 4913,5647,5418,386

321-3,954

1,6582,616

7,335

124,21226,20055,88642,126

90,92320,35845,42725,139

31,0386,220

14,69110,126

49,53311,39326,01312,127

10,3522,7444,7222,886

26,2222,519

10,45913,244

22,1013,3248,562

10,215

4,121-8051,8963,029

7,067

137 24429,71361,06246,470

101 15023,66249,69927,789

33 9277,153

15,98410,791

55,90613,44528 70213, 759

11,3163 0645,0133,239

29,0502,882

11,36214,806

23,5362,9409,242

11,354

5,514- 5 9

2,1203,452

7,044

Receipts of income

3,4671,339

9501,177

1,45288

818546

66598

280288

637- 1 6453200

1516

8559

1,9461,229

132584

1,017437108472

92979324

113

69

3,8471,5591,0181,270

1,579116850613

691108231352

7305

526200

1573

9362

2,1711,382

168621

1,120459141521

1,05192327

100

97

4,1521,7351,0551,362

1,657127851679

733130224379

735- 7520222

1904

10878

2,4301,580

203646

1,186472164550

1,2441,108

4096

65

4,8191,9971,1261,696

1,846162920765

641123178341

95529

602323

25110

140101

2,6521,684

206762

1,237440171626

1,4151,244

35136

320

4,9921,8811,6051,507

2,436216

1,357863

819150278391

1,26636

901328

35129

178144

2,3401,496

248596

967316205447

1,3721,180

43149

217

5,9832,4571,6961,830

2,775288

1,4371,050

848121311416

1,505127922456

42240

204178

2,7121,895

258559

1,061422208431

1,6511,473

50128

495

6,4162,7391,9101,767

2,911204

1,6211,086

795135351309

1,68610

1,084591

43059

186185

3,0792,213

289576

915227236452

2,1641,987

53124

427

8,3843,7922,4722,120

3,875499

2,1191,257

977196442339

2,244196

1,358690

654107319228

4,2723,138

353781

1,520650275595

2,7522,488

78186

237

11,3795,2442,7483,387

4,892776

2,3281,789

1,180252506423

2,945360

1,5341,051

767165288315

6,0864,230

4211,436

2,036667343

1,026

4,0503,563

77410

401

8,5672,7382,5473,282

4,609826

2,0941,690

1,239303522414

2,643381

1,330933

727142242343

3,6191,829

4531,337

1,600254359987

2,0201,575

95350

338

11,1274,3343,0593,734

5,217962

2,4561,798

1,376279628469

2,996499

1,553944

844184275385

5,7633,337

6031,823

2,098222486

1,390

3,6653,115

117433

147

l.For 1966, the data are as reported in the 1966 census of U.S. direct investment abroad,except for net capital outflows, which include only the data of companies that filed in both the

1966 sample survey and the 1966 census.



Abroad, Selected Items, 1966-1976 1

of dollars]

1966 1967 1968 1969 1970 1971 19721973 1974 1975 1976

Net capital outflows

1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976

Reinvested earnings

Line

3,625787

1,6111,227

3,064743

1,374948

985113439433

1,835593851392

2443784124

499-4237265

303-107187223

1961045042

62

3,0501,0791,224746

2,198736960502

37210611255

1,435574684177

3915626570

734222264247

311-76197191

4232986857

117

2,8551,149946760

1,627595638393

384147-4241

98435854383

258909970

1,126506308313

708141275292

4193653321

102

3,130864

1,2101,056

2,044487924633

582152260170

1,197261587349

2657576114

738249286202

38532215138

3522177164

348

4,4131,6241,2631,527

3,0711,0831,106883

763301234228

1,894676787430

41510585225

1,116590157368

579136132311

5374552557

226

4,4411,6431,5641,234

2,8951,0971,280518

6473

-3929

2,209822

1,091296

623202228193

1,005293284428

696210228258

3098256170

541

3,2141,2971,163754

1,989648840501

376-96227245

1,13958852823

47415685233

816329323164

27221288-37

54430835201

409

3,195-3311,8631,663

3,8101,1091,4201,280

581106148327

3,0701,0571,225788

159-5347165

-852-1,749

443454

654-54360348

-1,507-1 , 695

83106

238

1,368-5,0852,8613,592

5,2731,3382,1911,744

643-110410344

3,7931,0231,6021,169

836425179231

-4,609-6,881

6701,602

2,208418565

1,225

-6,817-7,299

105377

704

6,2642,9181,3012,045

2,8981,211921765

419-57130346

2,3381,293769276

141-2422143

3,7021,988379

1,334

1,215-214246

1,183

2,4872,202133152

-335

4,5962,409928

1,259

3,3541,941677736

102-538075

2,9141,838579497

33815619164

1,665810251604

145-574176543

1,5201,384

7461

-423

1,791156918717

1,20645719442

62785285257

414-65338141

165259644

42768199160

30923174113

118452547

157

1,757206845707

1,26690729447

65091334224

423-42285180

1934111043

29733116148

2021183108

96223341

194

2,440248

1,357836

1,69964

1,116519

834108442285

617-86514189

2484216144

48051240188

36119209132

119323156

261

2,83029

1,987814

2,34462

1,665616

1,002111610280

1,054-103870286

2885418550

420-62321161

331-51263118

89Y2,5843

67

3,176575

1,5281,073

2,141270

1,206665

699159339201

1,13649679407

3066218757

60171322208

45341259153

148306355

434

3,176421

1,796959

2,538254

1,499785

1,023234574214

1,215-52747520

3007117851

557102297158

37326246101

183775056

81

4,532356

2,8301,346

3,692390

2,396906

1,379276770333

1,89118

1,366507

4229625967

79542435319

64520364262

150217158

45

8,1581,9254,1072,126

6,1771,2403,4881,449

1,867452

1,008406

3,507575

2,071861

804213409182

1,568494619454

991155476360

57633914394

413

7,7771,7193,9362,122

5,5261,1163,1741,236

2,214530

1,298385

2,768434

1,586748

544151290103

1,841423762655

1,10995568446

732329194209

410

8,0482,0573,4512,540

4,900816

2,5401,543

2,173548

1,106518

2,345142

1,261943

38112617482

3,0831,241910932

1,621173801647

1,4621,068110284

66

7,71738

4,1262,850

6,176919

3,4981,759

2,459722

1,208528

3,11033

2,0291,049

607163261182

1,204-368628945

1,302227495580

-595132364

333

101112

13141516

17181920

21222324

25262728

20303132

33

34353637

38394041

42434445

46474849

50515253

54555657

58596061

62636465

66

5,2591,4961,8681,895

2,660133

1,537990

1,294183565546

1,050- 8 1791341

31631

181104

2,3731,297

331744

1,326460282584

1,04783849

160

226

Adjusted earnings Earnings

5111

,605765863977

2,845

I1

I

1

206579060

341199565576

153-37811379

35143203105

2,4691,

1,

1,

415284769

322470224628

14794660141

291

6122

,592983411198

3,357

11

1

1

1

2,1

1,

1,1,

192968198

567237665664

352-93033412

43847269122

909632444834

546492373682

36314070152

326

7,6492,0263,1132,510

4,190224

2,5851,381

1,643234788621

2,008-741,473610

53964325150

3,0721,622528923

1,568389434744

1,5041,232

93179

387 i

8,1692,4563,1332,580

4,577485

2,5631,528

309617592

2,40185

1,581735

65891366201

2,9411,567570805

1,421357464600

1,5211,210106205

650

9,1592,8783,4922,790

5,313541

2,9371,835

1,871355885630

2,72175

1,670976

722111381229

3,2691,997555717

1,434447455532

1,8341,550100184

577

10,9493,0954,7403,113

6,603594

4,0171,992

2,174411

1,121642

3,57728

2,4511,098

852155445252

3,8742,255724895

1,560247600713

2,3142,008124182

472

16,5425,7176,5794,246

10,0521,7395,6072,707

2,844648

1,450746

5,751771

3,4291,551

1,458320728410

5,8403,632972

1,235

2,511805751955

3,3282,827221280

650

19,1566,9636,6845,509

10,4181,8915,5023,025

3,394782

1,804808

5,713794

3,1201,799

1,311316578418

7,9274,6531,1832,091

3,145762912

1,471

4,7823,892271619

811

16,6154,7955,9985,822

9,5091,6424,6343,232

3,412852

1,628932

4,989523

2,5901,876

1,108268416424

6,7033,0711,3642,268

3,221427

1,1601,634

3,4812,643204634

404

18,8415,0727,1856,583

11,3931,8815,9543,558

3,8361,0021,836998

6,107532

3,5821,993

1,451347536508

6,9672,9691,2312,768

3,400449981

1,970

3,5672,520250797

480

5,2301,4821,9091,839

2,664125

1,580958

1,287188583516

1,062-90809342

31528187100

2,3521,297330725

1,306461278567

1,04583651158

215

5,5221,7511,8601,912

2,792189

1,5831,020

1,301201558542

1,141-52817376

35140208103

2,4521,424277751

1,297472215611

1,15495262140

278

6,4861,9632,3952,128

3,277164

1,9541,159

1,514239649625

1,329-1161,033412

43541272122

2,8891,641441807

1,519494366659

1,3701,147

75148

319

7,4851,9963,0712,418

4,065180

2,5571,328

1,5702367G6568

1,971-1041,466609

52349324150

3,0441,640515889

1,526393419715

1,5171,247

96175

376

8,0232,4053,1412,477

4,458404

2,5791,475

1,452303605543

2,37433

1,605736

63267369190

2,9261,601562763

1,375359454562

1,5511,242108201

639

9,0022,8353,5172,649

5,181460

2,9641,757

1,803354882568

2,68014

1,693972

92389217

3,2642,047554663

1,384447452485

1,8801,600102178

557

10,8003,0634,7612,976

6,465502

4,0361,927

2,113416

1,110587

3,530-47

2,4781,098

823133448242

3,8882,327725836

1,509248599662

2,3792,079126174

448

16,4835,6716, 6744,137

9,9751,6265,6912,658

2,795659

1,449687

5,733678

3,4871,568

1,447290754403

5,8823,719983

1,180

2,479813759907

3,4042,906224273

625

19,1426,9596, 7745,410

10,3831,7735,5963,015

3,344796

1,811738

5,738693

3,1881,857

1,301284598419

7,9984,8111,178200

3,005765907

1,393

4,9334,046271617

761

16,4344,7466,0525,637

9,4451,5934,6963,156

3,364871

1,641852

4,981470

2,6231,889

1,100252432416

6,6233,0781,3562,189

3,163431

1,1501,582

3,4602,647206607

367

18,8435,1577,2816,405

11,2981,7806,0303,488

3,7821,0111,847924

6,058425

3,6262,007

1,457344557556

7,1123,1761,2522,684

3,354453997

1,904

3,7582,723254780

433



Table 13.—U.S. Direct Investment Position Abroad at Yearend—1975[Millions of dollars]

All countries .

Dpveloned countries

Canada

Europe . . - .

European Communities (9) __Belgium and LuxembourgFranceGermanyItalyNetherlandsDenmark _ .Ireland . _ _______ - _.United Kingdom

Other Europe . .Norway _ _ _Spain . . . . . .SwedenSwitzerlandOther _ . . - . .

Japan

Australia, New Zealand, and South Africa...

AustraliaNew ZealandSouth Africa

Developing countries

Latin America. -

Latin American Republics ..Argentina . . . . .Brazil . . . . .ChileColombiaMexicoPanamaPeru _ .VenezuelaOther Central AmericaOther

0 ther Western Hemisphere .Bahamas _Bermuda.Jamaica ._ _ . . . . . .Other

Other Africa .

LiberiaLibyaNigeriaOther

Middle East.

IranOther

Other Asian and Pacific __

IndiaIndonesia _PhilippinesOther


Allindus-tries

124,212

90,923

31, 038

49,533

39,0013,3065,7438,7262,6793,325

631664

13, 927

10, 532788

1,7631 1175,1521,712

3,339

7,013

5,065365

1,582

26,222

22,101

16, 3941,1544,579

174648

3 2001,9071,2211,872

704934

5,707763

2,932654

1,357

2,414

33465

5351,480

-4,040

—98—3 942

5,747

3671 587

7383,055

7,067

Miningand

smelt-ing

6,548

4,398

3,053

41

140

- 6- 1

8111

10

27

003

0

1,305

1,055

2,150

1,476

1,015

130121780

1700

2719

461

0

488

0(*)

5

(*)5

181

(*)

19

Petro-leum

26,200

20,358

6,220

11, 393

9,532386938

2,169603

1,17338160

3,822

1,862448251389

74700

1,313

1,430

882141407

2,519

3,324

2,066142288

6222

125246687122

1,258

116

988

1,336

489702

- 4 , 888

— 193—4, 695

2,746

801 271

1351,260

3,323

Total

55,886

45,427

14,691

26,013

22, 7912,0213,8445,3281,7161,655

106566

7,555

3,222265

1,000582907467

1,557

3,165

2,352113700

10,459

8,562

8,023764

3,10649

3812 442

122166668199127

54097

219

229

(*)

170

164

62103

1,503

25596

344809

Foodprod-ucts

4,725

3,826

1,369

2,032

1,75981

263299165154

723

274(*)

163

(D)27

93

332

2192588

899

720

68943

170(*)

22223

741697045

3156

138

001

(*)

144

89

10330

Chemi-cals and

alliedprod-ucts

11,107

8,471

2,268

5,161

4,64169359277040256418

3391,262

520

1917587

360

681

54023

118

2,636

2,176

1,966180528

1337209928

16860

21156

14

24

3(*)

1210

58

2236

378

9920

102157

Manufacturing

Primaryand

fabri-catedmetals

3,662

2,792

1,014

1,594

1,21876

12234861

1856

17403

37615180426538

15

169

123244

871

720

69128

914

224(*)

1942

19

00

1

71

003

68

8

17

73

1620

- 339

Machin-ery

15,595

13,231

3,042

8,774

7,915718

1,4152,101

797388

2,405

859

265290149

787

629

4688

153

2,364

1,762

1,697109931

(*)60

480

782

8

649

1

5

(*)09

3

55

1341

542

829

27425

Trans-porta-tion

equip-ment

8,416

7,205

2,694

3,711

3,238120562

1,31911379

— 1- 4

1,050

473(*)

177

(D)5

124

675

53041

103

1,211

1,131

1,131178573

3267

(*)

839

(*)

(*)

0(*)

00

000

(*)

58

3(*)

1242

Othermanu-factur-

ing

12,380

9,903

4,304

4,740

4,021332890491179285

7124

1,713

72043

123141265147

179

679

47214

193

2,478

2,054

18677528

148528

22439

387

- 4

88

0

48

28

1018

308

4644

103115

Trans-porta-tion,

commu-nica-

tion, andpublicutili-ties

3,184

947

761

153

8445

18102

- 1(*)

46

69(*)

1112

144

35

9

_ 2(*)(*)

638

354

2778

224

133539

- 1326658

761120

90

80(*)

27

12

48

183

41126

143

1,600

Trade

12,505

8,960

2,009

6,084

3,1714767064792003237827

883

2,91323

211109

2,401169

309

558

32552

181

3,045

2,321

2,02987

4062864

47654262

2685045

29287

1528

45

86

82

1857

59

752

580

100465

500

Fi-nanceand

insur-ance

14,553

8,025

3,490

4,160

2,4403491776387179

1,111

1,7202

7514

1,472157

77

298

291

4,954

4,582

1,720

3574

9558

71810

14549

2,862300

2,4619

93

55

2919

16

99

1782

218

75

68138

1,574

Otherindus-tries

5,335

2,809

814

1,690

9697079947193

500

721

(D)11

296172

47

258

1614354

2,457

1,482

1,26460

269(P)

1687

35937

(D)191130

218148

(D)28

(D)

130

65(D)(D)(D)

509

6503

336

(D)50

(D)223

70

*Less then $500,000 (±) . DSuppressed to avoid disclosure of data of individual companies.

sidered liabilities of the foreign branchto the host government for the use ofproducing assets, and changes in themare now included in capital flows forU.S. direct investment abroad ratherthan in those for foreign direct invest-ment in the United States.

The change in the treatment of the

deposits also has resulted in substantialrevisions to income and earnings itemsfor U.S. direct investment abroad.Earnings, adjusted earnings, and re-ceipts of income were reduced becausethe imputed share of the host govern-ment in the U.S. company's earningsfrom its foreign branch operations,

which was previously included in theseitems, is now treated as an expenseincurred by the branch for the use ofthe producing assets. Earnings, ad-justed earnings, and receipts of incomewere not reduced by the exact amountof the imputed share included pre-viously, because that amount was


August 1977 SURVEY OF CURRENT BUSINESS 45Table 14.—U.S. Direct Investment Position Abroad at Yea rend-—1976


Allindus-tries

Miningand

smelt-ing

Petro-leum

Manufacturing

TotalFoodprod-ucts

Chemi-cals and

alliedprod-ucts

Primaryand

fabri-cated

metals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-

ion, andpublicutili-ties

Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countries...

Developed countries..

Canada

Europe.European Communities (9)_-

Belgium and Luxembourg.FranceG ermanyItalyNetherlandsDenmarkIrelandUnited Kingdom

Other Europe..NorwaySpainSwedenSwitzerland..Other

Japan

Australia, New Zealand, and South Africa.

AustraliaNew Zealand-South Africa..

Developing countries..

Latin America

Latin American Republics..ArgentinaBrazilChileColombiaMexicoPanamaPeruVenezuelaOther Central America...Other

Other Western Hemisphere..B ah amasBermuda.JamaicaOther

Other Africa.Liberia...Libya....Nigeria..Other

Middle East..Iran...Other..

Other Asia and PacificIndiaIndonesia.._Philippines..Other


137,244

101,150

33,927

55,906

44,0163,6075,954

10,4102,9443,771

735897

15,696

11,8901,2221,9711,1525,7331,812

3,787

7,529

5,460404

1,665

29,050

23,536

17,1161,3645,403

179653

2,9841,9571,3671,511

6771,0206,4201,0593,507577

1,277

2,802

348362341

1,750

-3,210

-422-2,788

5,922

3621,475831

3,253

7,044

7,058

4,749

3,200

34

120

()002

0

1,515

1,237(D)(D)

2,309

1,600

1,16353140511881

(D)-2123

(D)

437(D)

0302(D)

534

(D)0

(*)(D)

(*)8

167

(*)

16

29,713

23,662

7,153

13,445

11,171318997

2,294635

1,298399114

5,117

2,274838189406106734

1,566

1,498

889

2,882

2,940

1,653174336(D)

561794

(D)23065367

1,28710324538901

1,599

83351281884

-4,211

-547-3,665

2,554

701,167192

1,126

3,169

61,062

49,699

15,984

28,702

25,1212,2213,9686,6381,8701,770140738

7,776

3,581298

1,221607948507

1,689

3,324

2,505114705

11,362

9,242

8,642895

3,66749387

2.223139168747226139

6019422522656

257

183

76110

1,678

259100352967

5,088

4,112

1,436

2,211

1,900692673871751564848752

3101

185(D)(D)

33

110

355

22825102

976

752481871272241242887449

36

()4

153

111132

12,139

9,303

2,468

5,754

5,16676262992144961320444

1,327

5882822776108150

374

706

5902295

2,836

2,310

207675

D )120649107

D )1897028

215561051638

26

3116

67

3334

432

10322104203

3,786

2,866

1,054

1,610

1,20975122355

(D)172

(D)18404

400

13

189

140148

919

751

)72153111521211948

)23

73

1623-338

17,025

14,262

3,271

9,455

8,572821

1,3862,3368964724961

2,521

884(D)260308141

(D)

860

675

5009

167

2,764

2,056

1,951141

1,139(*)

6545098

108229

1062

10224

4

(*)031

66

1947

637

83925519

9,736

8,496

2,966

4,729

4,098148634

2,055(D)

85(D)

11,092

631(*)(D)(D)(D)

9

149

652

5264185

1,239

1,168

1,168221631

(D)1

2211

(D)663

(*)

(*)0

(*)00

(D)

000

(D)

(D)

(D)(*)

48

2(*)

441

13,288

10,660

4,788

4,942

4,1753489315542162729

1671,680

76749

114144289172

184

746

52115

210

2,628

2,169)206882181604681042248

D )30

117

103

0

59

22

517

334

4646110133

3,247

957

771

155

8455

17(*)

1- 2

(*)56

71- 117

91

44

30

1(*)

- 11

567

285

4745-1

65

(*)

13

170

()21

137

1,723

13,691

9,910

2,153

6,766

3,48559171553728136410433860

3,28127218106

2,756173

361

630

37255204

3,229

2,404

2,1261054963464453512642896049

27889149832

102

832368

73

1162

650

83

111527

552

16,392

8,946

3,796

4,767

2,96041918681182204(P)(D)1,233

1,80628115

1,541167

103

281

2912

-12

5,986

5,478

1,92772422(*)100517858

15053285

3,551616

2,8104

121

63

321922

122

(D)(D)

322

8784223

1,460

6,082

3,227

871

2,037

1,182549011467133

643

855

8381185

38

280

1664866

2,715

1,587

31

)10538143

D)185

492630

149

676

-985

600

)258140

*Less than $500,000 ( ± ) . D Suppressed to avoid disclosure of data of individual companies.

revised on the basis of new informationreceived from the company.

Additional revisions were madefollowing a thorough review of the U.S.company's accounts in the context ofbalance of payments methodology andthe statistical reporting system. Thereview resulted in more accurate

measurement of the net assets of theU.S. company's foreign branch. Themajor change involves the U.S. com-pany's reporting of branch liabilities:Previously, the reporting procedure setup in conjunction with the companyresulted in its reporting gross branchassets, rather than branch assets net of

branch liabilities, although the netbasis is the proper one according tobalance of payments methodology. Thechange to reporting on a net basisreduces the U.S. company's directinvestment position abroad, becausenet branch assets (which are equal tothe U.S. company's direct investment



Table 15.—Net Capital Outflows—1975[Millions of dollars]

Allindus-tries

Miningand

smelt-ing

Petro-leum

Manufacturing

TotalFoodprod-ucts

Chemi-cals and

alliedprod-ucts

Primaryand

fabri-cated

metals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-


Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countries...

Developed countries.

Canada

Europe.European Communities (9)..

Belgium and Luxembourg.FranceGermanyItalyNetherlandsDenmarkIrelandUnited Kingdom

Other Europe..Norway

SwedenSwitzerland..Other

Japan

Australia, New Zealand, and South Africa-

AustraliaNew Zealand.South Africa..


Latin America


Other Western Hemisphere-BahamasBermudaJamaicaOther

Other Africa.Liberia.Libya-Nigeria.Other...

Middle East.Iran...Other..

Other Asia and Pacific..IndiaIndonesia. _.Philippines.Other


6,264

2,898

419

2,338

1,98317437750722

-103- 7 3

581,022

35544

23912

- 3 9

99

- 2 3

163922052

3,702

1,215

672- 5 8332

-1082247

C)312197

2- 7 2

543- 1 4438

3979

40

63(D)

294

2,244

4481,796

203

792

- 1 2116

-335

544

198

102

7

()0104

(D)(*)(*)(D)

(*)

21

346

313254

(D)17

(D)

- 1 23

36

(*)

- 3

0- 5

(*)2

2,918

1,211

- 5 7

1,293

1,19725

(D)299

(D)- 8 0

Q319

811

963836

- 7- 1 2

41

63

35(D)(D)

1,988

-214

178(D)

5(D)

3(*)

7(D)

254(D)-119-392(D)-303(D)(D)

-112

2,122

4141,708

192

- 246

- 5153

-281

1,301

921

130

550105141143238

)()

76

219- 1164

647

3

39

- 1 6

- 3 6

379

246

185- 4 6197

65

35- 1 2

4- 1 6

101

61- 1

57

(D)(*)(D)

20

21

157

55

533

- 1 6

81

2

74

732

45544

(D)(D)

11

1(*)

2()(*)

7

2

- 2—2

6

7

- 9

- 1 0- 1

(*)(•)

61

- 4(*)(*)(*)

- 1- 1- 1

C)

00

(*)(D)

(*)4

- 12

317

212

68

121

91301234

- 6- 1 6

()

30D)

213

- 1

56

-32

-26-2-4

104

82

21-1535

6

(*)

-2

61

50

-5

0(*)

-7

16

(*)

(*)10

40

35

- 5

28

7(*)_

20- 1 8

16(*)

- 3- 5

21(D)

7- 2

(D)3

1

10

10(*)(•)

4

7

C))- 3

71

- 13

C)( t )

(*)

(*)

(*)

(*)(*)

- 1

- 3

372

282

104

196

190525543365

()- 1 7

6()

-34

16

1-116

90

51

55-953

(*)

(*)

(*)

-40

(*)4

10

82

24

35

- 318

218

150

- 3 2

165

18(D)

121

- 1(D)

- 1(*)

1470

(D)

- 4

63

63-445

D)

91

(*)

(*)0

- 3

(*)

266

161

- 3

185

172(D)

21398

(D)O

579

131

- 1 6()

105

51

53- 558

C)38

(D)

)- 4- 2

- 9 5

- 4

6

- 1 6

()44

_ 2- 1

(*)- 1 7

()C)

(*)

(*)

- 1

- 9 4

-131

-127- 2

3-125C)

- 1- 5

1- 1- 3

6

- 4(*)(•)

- 3- 1

39

42(*)_

- 2

- 1- 1

- 1

307

194

46

97

93- 2 7

(D)38

(D)- 1 9

109

52

179

- 5 0

27

27

24(*)

2

22

133

107

14173

1033

- 7(*)

53

2110812

(*)(*)

16

22

320

( )

-16

- 2 0

1,081

191

104

79

521323-7-21

12(*)

32

- 613

23

- 1 4

11(D)(D)

927

892

()4042

- 1 038

(*)52

79627

()

(*)(*)(D)

21

- 1- 111

- 3 7

209

187

89

109

(*)

1921

-7

1

( )-18

15

-30

19

15

4

23

2

1-852

(*)

()

2- 2 6- 1

(*)(D)

58

1443

- 45

( D ) n

- 1

*Less than $500,000 (±) . DSuppressed to avoid disclosure of data of individual companies.

position in the branch) are lower thangross branch assets by the amount ofbranch liabilities. Reporting on a netbasis also changes net capital outflowsto the branch: In the absence of otherchanges, an increase (decrease) inbranch liabilities lowers (raises) net

branch assets and results in a capitalinflow (outflow) for U.S. direct invest-ment abroad. These changes do notaffect earnings, adjusted earnings, re-invested earnings, or receipts of income.

Before 1973, branch liabilities wererelatively small, but as a result of the

large increases in crude oil prices,royalty and tax rates, and crude oilproduction after 1972, they sub-sequently increased substantially. Mostof the increase is attributable to in-creased taxes and royalties due thehost government. The deduction of



Table 16.—Net Capital Outflows—1976[Millions of dollars]

Allindus-tries

Miningand

smelt-ing

Petro-leum

Manufacturing

TotalFoodprod-ucts

Chemi-cals and

alliedprod-ucts

Primarya n d

fabri-cated

metals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-


Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countries...


Canada

Europe

European Communities (9)..Belgium and Luxembourg.FranceGermanyItalyNetherlandsDenmarkIrelandUnited Kingdom

Other Europe..NorwaySpainSweden.Switzerland..Other

JapanAustralia, New Zealand, and South Africa..



Latin America

Latin American Republics..ArgentinaBrazilChileColombia -MexicoPanamaPeruVenezuelaOther Central America...Other

Other Western Hemisphere..BahamasBermuda.JamaicaOther

Other Africa..

Liberia.Libya-Nigeria-Other...

Middle East..

Iran...Other..

Other Asia and Pacific.IndiaIndonesia...Philippines.Other

International and unallocated _

4,596

3,354

102

2,914

2,283182

-1764281761413398

1,402

630333151219432

225

113

90159

1,665

145

-23726

329- 2

- 1 3- 7 3- 7 1145

-495- 6 1- 2 3

383260279

- 8 3- 7 3

247

()-214

631

-344974

642

270354

-118

-423

125

- 3 2

1

2000

(*)(*)(*)

1

(*)(*)

\

(*)

58

85

1094

- 3- 4- 1

40

)

- 3- 6

-2430

18

400

14

1

(*)

- 1 5

0(D)(D)

- 4

2,409

1,941

- 5 3

1,838

1,50363

( D i70(D)

42(D)

531,266

334329

- 6 7(D)

19(D)

149

7

- 2 4229

810

-574

-512(D)

5(*)

- 4- 5 7(D)-456- 5 6(D)

- 6 2(D)

31(D)- 7 6

190

()259217

638

557

()71043

-342

928

677

80

579

38041

- 5 723450

- 21

5064

1991

21311

- 3 5

24

9- 2

- 1 2

251

176

1575

2334

- 8- 8 2

31g73

19*7

(D)

(*)

(D)

16

(D)

(D)(D)

17

162

41

_ 26

- 744

- 4 4

82

61

()4

-5(*)(D)

2820

(*)151

10

(*)

10

13

()

31

(*)

- 124

()(*)

lll

- l

421

299

61

196

18231346179

- 42915

14

2- 3

(*)

744

- 3- 1 8

3(D)(*)_

- 7(D)(*)( )

(*)

(*)-1

18

162

30

1(*)

- 232

- 8 2

- 9 9

- 3 7

- 6 5

- 6 3- 9

1- 1 4

(D)- 1 9

(*)(*)

C)- 1- 7

(*)(*)

(*)i

( * )

( * )

( * )

( * )

- 1- 1

61

- 4

- 6 8

85- 1125757026

)29

- 1 5

- 1 8(D)

- 5

_ 2

3

- 5

65

63

(*)

()C)

62(*)(•)

-13(D)C)

11(*)

0- 2

(*)

(*)- 1

6

51

- 4

- 31

- 42

188

179

- 2

222

305

- 1

1930

()(*)(

-43

- 3 1- 1

- 1 1

6

6- 3600

- 2- 2 9

(*)2

- 2 310

00000

( )(*)

(*)

278

250

169

74

8514275321

- 2 01

19- 3 1

- 1 1- 1- 6

4- 1 0

2

1

5

12- 2- 5

29

13

1- 225

- 1 6(D)(D)

- 4(D)(D)

13(D)(D)(D)

12

11

(D)0

(D)(*)

- 7

- 5- 2

12

(*)

-118

- 6 1

- 6 4

6

(*)- 1- 1

2(*)C)

2- 16

- 2

- 6

3

2

1

-114

-94

(*)

31

54

-31

- 1

5

4(*)

(*)

(*)

(*)_

-25

- 1 7

57

223

228

145

10684

1087

- 1

393

- 7- 1 0

59- 7

49

40

262

12

14

- 3 2

53

474

- 6- 1 0- 2 7

2- 1 1

4(*)

- 3 7- 1 2(D)

- 1

- 1

( \

13

77

26

- 2 0

1,067

532

200

313

29467

107- 4112

(D)(D)

59

19

- 6

18

1

19(D)(D)

659

553

191233

- 44

- 1 11

- 2- 4

1- 1 2

534295217- 426

10

- 25

26

76

12

1163

-124

- 1

- 2 2

31

- 7- 1 4

(D)10

(D)- 1 9

2(D)

12

38

5

27

(*)

- 1 1

1

(*)(D)(D)

- 4 3

32

( )12

-2(D)

256

- 22

- 1 1

- 5)

- 6 5

- 1 2- 5 3

- 1 8

(*)(D)

*Less than $500,000 (±). DSuppressed to avoid disclosure of data of individual companies.

branch liabilities from gross branchassets shifted the U.S. company'sdirect investment position abroad to anegative position and resulted in largenet capital inflows from the branch in1973 and 1974, and a net capital out-flow to the branch in 1975. The negative

position arises because a substantialportion of the accounts receivable ofthe branch for the sale of products istransferred to the United States forcollection, and is therefore not includedin branch assets; on the other hand, thetax and royalty liabilities remain with

the branch.The net effect of all the revisions is a

downward revision in the U.S. com-pany's direct investment positionabroad in each of the years 1966-75.The downward revisions were largest in1974 and 1975.



Table 17.—Reinvested Earnings—1975[Millions of dollars]

Allindus-tries

Miningand

smelt-ing

Petro-leum

Manufacturing

TotalFoodprod-ucts

Chemi-cals and

alliedprod-ucts

Primaryand

fabri-catedmetals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-


Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countries...


Canada

Europe _

European Communities (9) - -Belgium and Luxembourg-FranceGermanyItalyNetherlandsDenmarkIrelandUnited Kingdom

Other Europe..NorwaySpainSwedenSwitzerland..Other

Japan




Latin America

Latin American Republics..Argentina _BrazilChileColombiaMexicoPanamaPeruVenezuelaOther Central America...Other

Other Western Hemisphere.BahamasBermudaJamaicaOther

Other Africa.

Liberia.Libya...Nigeria.Other...

Middle East..

Iran...Other..

Other Asia and Pacific-IndiaIndonesia...Philippines.Other


8,048

4,900

2,173

2,345

1,490131429250

- 1 115916

116

85633

12665

524108

46

267- 1

3,083

1,621

1,37689505-51029930314832158

2453

2497

-14

176

13

38

149

15133

1,137

1081926283

66

238

197

150

- 3

0- 3

0

8o

0

0

50

43

8

42

32

324

19

10(•)( D )

2

00

(*)

0

12100

11

- 3

()_(*)(*)

2,057

816

548

142

70- 8

(D)-130(D)

74

7278

156

36

33

- 1

28

1,241

173

73

()

463

(D)- 1 2- 1

100- 1

137

11

23

25

178

905

-3818487

(*)

3,451

2,540

1,106

1,261

1,03682

2853651066

(D)(D)

113

2241972276739

169

1331

36

910

801

78087

342- 2

9235

197

63119

214

134

- 1

- 405

- 28

97

13- 220

280

205

125

3943

- 2 410

- 4

()30

30(*)

23(D

- 4

15

12

75

66

648

13

26

134

C)

21

(*)2

H

C)

624

430

148

283

238- 938412535

(40

451

1164

23

- 2 6

26

21- 2

7

194

171

165C)

i(*) '

(*)

6

49

6711

- 2

C)03

- 2

- 2

- 1_i

24

221

144

101

31

111

-19

-11-11114

D)io7

; D ) _

- 4

16

10

6

77

59

59912-1126

C)

C)

(*)

C)

(*)

(*)

(*)

C)(*)

1,226

943

254

607

51872

167108

- 1 054

- 25

125

89

6

11

44

37

3016

283

218

206

135(*)

C)

(*)

- 2

C)

(*)

(*)

- 2

6

6

61

3

453

440

355

182

171

15519342116

-5- 2-1

-106

160

- 3

17

(D)

85

91

914048

(*)(*)

141

(*)- 1 2

(*)0

00000

- 2

000

- 2

1

1

- 6

(*)

(*)0

- 2- 3

661

463

297

100

76- 34521

- 1 1-12

12411

252

198

195

1943085

350

(D)

C)- 3

111

- 2

- 401

(*)

- 22

1- 2

8- 2

173

65

52

13

()(*)

- 44

C)

C)

(*)

(*)

C)

(*)(*)

(*)

(*)

(*)

(*)

21

C)

(*)

836

613

169

423

97- 4

(P)9

(P)34

(P)10

- 8

3272

1614

2878

3

18

17- 2

3

289

220

1983

31- 2

(*)41938

1932

229

14(*)

- 1

8

1(*)

53

- 1

- 1(*)

61

;*)

- 364

-66

787

443

146

291

1626076

- 1-18

11

107

129(*)

4(*)

11213

4

1

9(*)

- 7

28?

259

158(P)

38(*)

13

56(*)

63

(D)

101- 8

(D)1

(D)

1

- 20

(P)(D)

2

(*)3

25

K )

21

57

506

225

2

218

-137

109

426

5312

(*)22

275

124

127

34214

71655

- 1

- 2- 2

3(*)

(*)113

31

(*)31

27

•Less than $500,000(±). DSuppressed to avoid disclosure of data of individual companies.

(Continued from page 14)

States with above-average gains

Of the 17 States in which income in-creased most rapidly, 14 were in theSouth and West; Maine, Michigan, andNew Hampshire were the others. Theaverage gain of the 17 States (12% per-

cent) exceeded the national average byone-fourth; gains ranged from 15K per-cent in Alaska to 11% percent in Ken-tucky and Tennessee. Many of thesouthern and western States havegrown rapidly throughout the 1970's, aseconomic activity and population wereredistributed from the Northeast-Great

Lakes manufacturing belt. Maine andNew Hampshire also have grown rapidlyduring the 1970's, in contrast to most ofthe rest of the Northeast. Michigan'sperformance is largely attributable tothe recovery in the motor vehicle in-dustry in 1976.


August 1977 SURVEY OF CURRENT BUSINESS 49Table 18.—Reinvested Earnings—1976


Allindus-tries

Miningand

smelt-ing

Petro-leum

Manufacturing

TotalFoodprod-ucts

Chemi-cals and

alliedprod-ucts

Primaryand

fabri-catedmetals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-


Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countries...


CanadaEurope..

European Communities (9)..Belgium and Luxembourg.FranceGermanyItalyNetherlandsDenmarkIrelandUnited Kingdom

Other Europe-NorwaySpainSwedenSwitzerland-Other

JapanAustralia, New Zealand, and South Africa-



Latin America

Latin American Republics-ArgentinaBrazilChileColombiaMexicoPanamaPeruVenezuelaOther Central America...Other

Other Western Hemisphere.BahamasBermudaJamaicaOther

Other Africa..

Liberia..Libya...Nigeria-Other...

Middle East..

Iran...Other-

Other Asia and Pacific-IndiaIndonesiaPhilippines.Other


7,714

6,176

2,4593,1102,448

107227

1,27179

24571

137311

325918

48074

219

2932373

1,204

1,302

9591844971120

-1421161312132107

34332297410

148

20

20

217

19198

-464

15-815

33303

333

338

265

127-5-30

-20

(•)

0-1

(*)

-20

-100

-1

0

143

126C)

17

73

42

42

14-2-24

(*)31

(*)

(*)

(*)

)

738

911

7223323

-131

54

21

1-2410-96

13

103

61

30D)D)

368

227

114D)

43D)

- 126

- 11

- 113

1133

104

< ) 5

79

12,D)

9D)

63

-736

)815

6)

188

4,126

3,498

1,2082,0291,874

15990

1,09099

12532

121158

154328

136834

104

157

1364

17

628

495

455126328

116

-135

- 705

12

- 2

- 42

124

7- 216

102

291

232

1119680

- 1 4- 3

(D)

7(D)

161

C)

13

814

60

49

514

(*)6

15

-1

2

3

0011

- 1

i

(*)

10

)- 2

84

571

513

135383337393

9039356

7549

466

283

10- 1

- 5

C)

25- 2

- 2 3

58

53

592071

- 1- 9

- 5 85

(*)2111

C)- 6

7- 1 6

12

04

- 2

- 4- 4

209

178

7884558

- 122461

(*)14

28()

)- 4

5•)

- 3

20

17- 1

3

31

26252

1621

- 5(*)C)

314

00

(*)

(*)(*)

1,280

948

291532491104

419831582

40

11115

77

49

30118

332

229

()33

144(*)

5- 1 7

21

16(D)C)

-1

00

-1

5

(*)

5- 1

93

1,114

1,098

2757888232372

)

88

- 3 50

- 5 1(*)

133

22

12

191

- 8

16

27

2745

(*)(•)C)- 1 8

(*)(*)(*)(*)

0

00000

- 1

000

- 1

- 1 1

- 10

660

530

31914788

(*)14161720

C)24

-2

5871

- 12724

2

62

372

23

130

110

1122182

C)13

(*)2713

- 2

-70

11

1

C)

15

-1-1

172

69

73- 5- 5

i- 9- 3

1(*)

(*)

30

42

25

161172

C)221

101

400

C)

(*)C)

12

C)(*)

885

647

148466130214250

- 2 5302014

- 2 2

3361

1411

29713

31

201

10

166

105

81154324

- 1 3- 2

C)2355

2415

11

1(•)

55

- 13

48

(*)

345

72

738

363

100279212611

(*)

(*)

- 2 4

- 2 5

365

337

191(D)

33C)

366

\3

6

14718

128- 2

2021

- 3

1- 4

27

718

416

80313217- 2

129

96727

57>)

2

21

5

>)

298

71

61

1-716943

10- 918

—11

10

0- 1

3

154

* Less then $500,000 (db). D Suppressed to avoid disclosure of data of individual companies.

The gains in all of these States mainlyreflected strength in manufacturing,construction, and service-type indus-tries. The average gain in manufactur-ing wages and salaries (16% percent)exceeded the national average by 30percent. Most of these States had rapidgains in both durables and nondurables

manufacturing. With the rebound inhousing construction and the paperindustry, lumber and wood productsmanufacturing was strong in Oregon,Alabama, Mississippi, Tennessee, WestVirginia, New Hampshire, and Maine.Textiles and apparel—up 30 percentfaster than all manufacturing indus-

tries nationally—registered large gainsin South Carolina, Alabama, Missis-sippi, Tennessee, and Kentucky. Largegains in chemicals were also importantin southern States, particularly inLouisiana, Kentucky, South Carolina,Texas, and West Virginia. Auto pay-rolls in Tennessee as well as in Michigan

242-659 O - 77 - 2


50 SUEVEY OF CUERENT BUSINESS August 1977

Table 19.—Receipts of Income—1975[Millions of dollars]

Allindus-tries

Miningand

smelt-ing

Petro-leum

TotalFoodprod-ucts

]

Chemi-cals and

alliedprod-ucts

Manufacturing

Primaryand

fabri-catedmetals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-


Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countr ies . . .


Canada

Europe —European Communities (9)_.

Belgium and Luxembourg.France...GermanyItalyNetherlandsDenmarkIrelandUnited Kingdom

Other Europe..NorwaySpainSwedenSwitzerland..Other..

Japan


AustraliaNew Zealand.South Africa-


Latin America



Other Africa,.

Liberia...LibyaNigeria...Other

Middle East..

IranOther-

Other Asia and Pacific.IndiaIndonesia...Philippines.Other


8,567

4,609

1,239

2,643

2,130138228706100381

1028

538

513604229

32953

187

539

4591071

3,619

1,600

77915

1525

43156103

- 1 0 226145

102

821356198

79188

358

4289

247- 2 2

1,494

2131,281

167

5102

456

338

448

295

C)

(*)

1(

(*)

(*)(*)

(*)

C)

0

196

18916

153

94

9(

8(*)6

(*)- 1 7

17

1184

- 10

( )00

15

(*)

(*)

( )(*)

2,738

826

303

381

3381

13(D)(D)

269- 4

- 1 7- 5 7

4347

- 71

(*)

2

12

130()(*)

(D)

1,829

2541532912

(*)541

- 9 8174

1214

101(*)(D)

282

190

244- 5 3

1,416

2111,206

- 1 2 3

- 276

- 4 3- 1 5 4

82

2,547

2,094

522

1,330

1,20810515141911188

(D)(D)

290

1219

302549

8

111

132

1072

23

453

359

3103

803

27112

96

53

311

256

170

14462

847

15

)24

()C)

24

55

45

44- 112

21

( \

4(*)

(*)(*)(*)(*)

00

(*)

(•)

(•)

53

641

471

116

2785527682720

C)

169

137

92

2021134

D )2112

(*) f

(*)

(*)

(*)(*)

(*)

107

90

25

57

50162246

10

70313

(*)1

7

6

1

17

14

14- 2

C)

C)(*)

(*)(*)

(*)

(*)

(*)

(*)

856

776

108

585

5463580189743411132

3935

(*)

(*)

(*)(*)O

(*)

(*)

(*)19

185

162

119

27

2313

1121

- 20

7

40103

(*)

(*)

(*)

(*)

(*)

(*)

(*)(*)

(*)

448

339

191

1667

3244

- 211

25

2014

109

90

(*)

(*)

(*)

210

1

2

0

1

4

22

14

- 125

33

- 1 0

- 1

- 1(*) _ o

C)00

- 10

(*)(*)(*)

8

0

- 7

11

5

(*)

()

8

( * )

( • )

00

- 4

50

841

456

86

337

1251226

(*)

2123

101

190

215

115

1064

1515

2728

31734

(*)

3

11

(*)10

84

171

1,666

749

169

477

40017307829

1(*)

2244

77C)

25914

75

882

711

144(D)(D)(*)

5(*)

59-1

137

34

567349

142

123

38

1993

35

294

200

119

59493112

24

(*)3121

28

94

57

52- 1

116622728

54

(*)

1- 1

16

16

- 217

14

(*)


rose about one-third—gains well abovethe U.S. average.

Gains in construction wages andsalaries either approximated or exceededthe national average in 14 of these 17States, and were especially important inAlaska, Maine, Nevada, Texas, Utah,and Louisiana. Gains in service-type

industries were strong in all of theseStates except Michigan. Large gains inmining—reflecting increasing activityin oil and natural gas exploration, andcoal—occurred in Alaska, Wyoming,Utah, Texas, Louisiana, West Virginia,and Alabama.

States with below-average gains

Of the 12 States and the District ofColumbia in which total income in-creased slowly or declined, decreases infarm income played the key role in 7.Five of these were major agriculturalStates in or adjacent to the Midwest,


August 1977 SUKVEY OF CUERENT BUSINESS 51Table 20.—Receipts of Income—1976


Allindus-tries

Miningand

smelt-ing

Petro-leum

Manufacturing

TotalFoodprod-ucts

Chemi-cals and

alliedprod-ucts

Primaryand

fabri-cated

metals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-


Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countries

Developed countries...

Canada

Europe

European Communities (9)..Belgium and Luxembourg-FranceGermanyItalyNetherlandsDenmarkIrelandUnited Kingdom

Other Europe-NorwaySpainSwedenSwitzerland..Other

Japan


AustraliaNew Zealand..South Africa..


Latin America

Latin American Republics..ArgentinaBrazilChileColombiaMexicoPanamaPeruVenezuelaOther Central America....Other

Other Western Hemisphere. .B ahamasBermuda ". .JamaicaOther

Other Africa-

Liberia.Libya.. .Nigeria.Other...

Middle East.

I r a n . . .Other..

Other Asia and Pacific.

IndiaIndonesia...Philippines.Other


11,127

5,217

1,376

2,996

2,3511582556732104291447

566

645964143

351115

192

652

527

5,763

2,098

622281060

20611033

1374144

1,168663

D

459

2617717482

1,720

1911,529

1,485

111,219

47208

147

591

358

126

C)

010

0^ 0

(*)

0

231

225n .

233

156

72(D)

10(*i

50

D)

84( D ) o

64D

< D ) o0

(D

(*)

0

0

1

4,334

962

279

499

3772

(D)3722

311(D)- 2 3

22

12282

-12C>C)

52

10

174

155

3,337

222

1092227483

465

- 8

113(D)

104

384

1176169

1731,420

1,137

- 21,168

- 7-22

35

3,059

2,456

628

1,553

1,42210919657012489

(D)(D)261

1311030364016

110

165

90273

603

486

414221235351575347107

7216217

5

024

7

34

105

7102464

288

205

47

106

82

5(D)

751

(P)192418

(P)(P)C)(D)(D)141

(D)

84

71

(D)

3231123

(*)26

(P)(*)(D)

(*)(P)(D)

2

0002

1

1C)10

(*)064

811

577

135

359

3284332863622

(P)(D)(D)

31(*)

12387

18

64

27(*)

37

234

199

(D)

(P)28319594

(*)1422

(D)

(*)

(*)(D)

(•)

C)01

-1

(•)

-1(*)

35

51822

143

103

21

74

59(*)

616104

C)(*)21

1632

(P)3

(D)

(•)

8

7(*)

1

40

27

27

50111

(*)(*)

2(P)(*)

00000

(D)

000

(D)

(•)

0(•)

(D)

(*)

(*)(D)

1,002

914

125

713

672309234757441

(*)101

4144

(P)8

(D)

54

22

• 1 7

5

88

75

75

40(*)

422

(*)(•)

71

C)(*)

00

(•)(•)

0

0000

4

13

9

(*)118

343

314

161

140

129(P)

6

8620

(D)

11020

(P)(P)

6

8

5(*)

3

29

17

1741

(*)(*)

1101100

00000

(D)

000

(•)

0(*)

(D)

(•)0a

471

343

138

161

15212543778

(•)133

9125

-34

(D)

(D)

201

(D)

128

97

9422611030

(*)(*)

1825

31012

2

00

(*)1

2

2(*)

28

27911

-11

-14

(D)

1

1(*)

-2(*)

0(*)-102

1(•)

(*)(*)

1

(D)

C)(*)

00

-18

10

7(•)

(•)1

(*)2

(*)(*)

4

210

(*)

(*)

(*)00

(•)

(•)

0(*)-28

03

-3-28

21

790

515

69

387

16715222636165147

2202156

1907

31

27

1728

211

113

110C)18

(*)-132454831

31

(*)11

7

0124

17

(•)17

74

1(*)1063

64

1,984

694

227

374

27022183526513

160

104(*)

119012

63

31

2416

1,264

1,041

158(P)39119-257

(*)86

(D)

883647(P)(P)(P)

3

2002

65

164

154

5819122

26

380

246

181

11411

27

73

6727

(*)3127

24

15

133

70

59-111

81

C)n7

39

1425

*Less than $500,000 (±) . DSuppressed to avoid disclosure of data of individual companies.

and the others were Illinois and Minne-sota. The five remaining slow-growingStates were Hawaii and four States,New York, Connecticut, Delaware, andMassachusetts, all located in the North-east manufacturing belt. These north-eastern States have grown slowlythroughout the 1970's.

In the seven farm-related States, theaverage income gain was less than 5}£percent—nearly 50 percent below thenational average. Changes ranged froma decline of one-half of 1 percent inNorth Dakota to an increase of 8%percent in Illinois. Sharp declines infarm income—from 25 percent in Mon-

tana to around 45 to 50 percent inNorth Dakota, Nebraska, and SouthDakota—accounted for the weak per-formance. In five of these seven States,farm income accounted for at least 10percent of total income; in Minnesotaand Illinois, farm income is a somewhatmore important income source than it



Table 21.—Adjusted Earnings—1975[Millions of dollars]

Allindus-tries

Miningand

smelt-ing

Petro-leum

Manufacturing

TotalFoodprod-ucts

Chemi-cals and

alliedprod-ucts

Primaryand

fabri-catedmetals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-


Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countries...

Developed countries..

Canada

Europe

European Communities (9) -.Belgium and Luxembourg.FranceGermanyItalyNetherlandsDenmarkIrelandUnited Kingdom

Other Europe..NorwaySpainSwedenSwitzerland-Other

Japan


AustraliaNew Zealand.South Africa. .


Latin America

Latin American Republics-ArgentinaBrazilChileColombiaMexicoPanamaPeruVenezuelaOther Central America...Other


Other Africa .Liberia.Libya-Nigeria .Other...

Middle East-Iran...Other-

Other Asia and Pacific-IndiaIndonesia. . .Philippines.Other


16,615

9,509

3,412

4,989

3,62027065795690

54026

144

9216894

853161

233

875

7269

140

6,703

3,221

2,155103657

(*)53

455405

- 8 834466

1601,067

35844886

175534

55(D)

285

1,643

2281,415

1,304

1592130

339

404

686

492

248

- 3

- 30

- 201

(*)0

(*)

(*)0

- 100

1

0

246231

114

195

125

41

()()

16(*)

• (D)37

(D)84

- 10

)

( )(*)

-2

4,795

1,642

852

523

408- 7

()- 6 6335

- 1 1- 1 7

17

11554

1166

38

45

223

()-2

(D)3,071

427

226(D)

51

764

(D)162119

201- 1109

419

12(D)

268(D)

1,441

2281,214

782

- 5893

- 3 9- 6 7

82

5,998

4,634

1,628

2,590

2,24518843778412115411

147404

34628

10351

11647

115

301

2403

58

1,364

1,160

1,09090

4221

363482812

1161918

706

37

15

- 406

13

15

213

174

172

36119

591

461

239

18395

6017118

1853

561

29

40

271

12

130

111

1087

25C)

347

(*)

178

(*)

00

(*)

(*)

1- 2

96

1,265

902

263

583

5164765

1095255

7

672

2479

25

- 7

63

51- 112

363

308

257- 168

211

101D)

533

C)

- 1- 1

52

92

1229

(*)

327

234

127

87

611531-751124

26D)

137

D)-3

-3

23

16

7

94

73

73718-1233

27

(*)

(*)(*)

(*)

(*)

(*)

2,082

1,719

362

1,193

1,0641072462986488-26

257

128

103

62

270

2581

149(*)

8724222

(*)]

(*)(*)

—2

(*)- 2

11

110

84

714

73

625

518

301

198

1781937

2228

- 4- 4- 1

- 9 9

200

(D)

(D)- 3

30

107

112

1124457

(*)C)

221

(*)- 1 1

00000

- 1

000

- 1

1

1

- 5

(*)

(*)0

- 2- 3

1,109

802

(D)

291

2424

7865

- 1 3- 1

12584

496

(D)( D ) H

14

307

285

2823310411372

3- 2

112

- 1

- 4021

C)

(*)

206

55

)- 4

4- 1

06

()(*)(*)(D)(*)(*)

(*)

(*)(*)

(*)

(*)(*)

(*)

(*)

-3

119

1,678

1,069

255

760

2218

( )()

46(D)

1027

5395

2615

47715

10

44

302

12

504

335

3047

47- 1

567

1211136

6

3111182

(*)

1166

10

- 111

145

(*)

8137

104

2,452

1,191

314

768

56277378428

- 1 713

351

206C)

63

17027

79

30

291

- 1

1,169

970

302(D)()O

64

1151

1910

(

668341280

245

45

148

3

23114

92

800

425

337

)

324

19D)

2133

533

8332

31

369

182

179- 13421

107798

1227

223

-2

13

129

- 1130

(D)


is in the Nation. Farm income was offmore than a third in these two States,and this primarily accounted for theirbelow-average gain in total income.

The gain in nonfarm income in eachof these seven States about equaled orexceeded the national average; the

average gain in these States was 11percent. Gains were especially pro-nounced in construction and service-type industries, which continued tobenefit from the heavy spending pat-terns resulting from the high levels of1973-75 farm income. The gains in

both of these industries in each of theseven States about equaled or exceededthe national average; construction,which was especially strong, increasedat nearly twice the national average.

In the other five slow-growing Statesand the District of Columbia, the


August 1977 SURVEY OF CURRENT BUSINESS 53Table 22.—Adjusted Earnings—1976


Allindus-tries

Miningand

smelt-ing

929

622

253

- 5

- 30

- 10

(*)(*)

0- 1- 1

_ 2

0- 1

00

- 1

0

374

350(*)

23

306

198

114(D)

23- 2- 4

9(•)

( )( )

33

84(D)

064

(D)

(D)

(D)

00

(D)

2

02

(D)

(*)

Petro-leum

5,072

1,881

1,002

532

400- 1 2 9(D)

91(D)

333(D)- 2 2

- 2

13273

- 6(I>)

13(D)

113

234

1857

42

2,969

449

223(P)

70(D)

92

271

4746

225(D)

104(O)

109

463

13(D)

179(D)

1,656

(D)

( D )

401

(D)

353(•)

222

Total

7,185

5,954

1,836

3,582

3,297268286

1,660223214

(D)(D)

419

285423748

10850

214

322

2266

90

1,231

981

869148451

55021145

1293115

1126

(D)6

(D)

16

- 70

716

5

- 16

228

148

40167

Foodprod-ucts

580

436

158

202

162

3

1412

(D)

( D )20

411

15(D)(D)

4

(D)

(D)

221

143

121

1078

3717

23(*)

121

9C)

132731

3

0013

(*)

(*)(*)

19

12

148

]

Chemi-cals and

alliedprod-ucts

1,382

1,090

270

742

6658235

1767557

(D)( )(D)

776

406

196

13

64

51- 114

292

252

(D)(D)

992

10(*)

10(*)

35132

(D)7

(D)1

(D)

2

' 005

- 4

- 8

—5- 3

47

93

1223

Manufacturing

Primaryand

fabri-catedmetals

352

281

98

158

11486

381411

1(*)

36

44(D)(D)

( D )8

(D)

- 3

28

24- 1

5

71

53

52(D)

22226

(*)15

(D)5

(*)00

(*)(*)

(D)

001

1

01

(D)

(*)1

(*)

Machin-ery

2,282

1,862

416

1,244

1,16313496

54588

10236

188

81(D)( )(D)

18(D)

131

71

471

23

420

304

(D)

33185

(*)9521

23(D)(*)

(D)(*)

(*)(*)

- 1

00

(*)- 1

8

17

108

4(*)

4100

Trans-porta-tion

equip-ment

1,458

1,412

437

928

952(E>)

78(D)

85

(D)

(*)( D )

- 2 40

- 4 9(*)

(D)

28

20

241

- 5

45

45

4549

1(*)(*)

(*)1

(*)(*)

0

00000

(D)

000

1

1(*)

(D)

- 10

(D)

( D )

Othermanu-factur-

ing

1,131

872

457

308

2411168532428

(*)2531

67933

2528

(D)

(D)

574

259

207

20624

108(*)

23- 7

2(*)

4638

1- 3

(*)22

5

- 70

(*)12

3

21

43

16

(D)(D)

Trans-porta-tion,

commu-nication,

andpublicutili-ties

161

56

(D)

- 3

- 5(*)

- 2(*)

- 9- 3- 1

010

1(*)(*)(*)(*)

1

(D)

(*)

(*)(*)

0

24

35

23(*)

1(*)

4(*)

235

121

(D)(*)

4

400

(*)

1

(*)(•)

-16

(*)

- 3-16

81

Trade

1,674

1,162

217

853

2973564761146251525

5563

2917

48620

33

59

383

18

377

219

191156023

1942

431

86

2716

1(D)

18

1(*)

9

19

- 120

122

1- 113

108

136

Fi -nanceand

insur-ance

2,722

1,057

327

653

4828319

100321923

223

171(*)

62

13528

71

6

- 116

1,629

1,378

3492673

1202

123(*)

178

78

1,029664

(D)(D)(D)

8

3022

62

260

181

58

24144

36

Otherindus-tries

AH countries...

Developed countries-

Canada...

Europe

European Communities (9)...Belgium and Luxembourg..FranceGermanyItalyNetherlandsD enmarkIrelandUnited Kingdom

Other Europe .NorwaySpainSweden.Switzerland _Other

Japan




Latin America..

Latin American Republics..ArgentinaBrazilChile....ColombiaMexicoPanamaPeruVenezuelaOther Central America...Other.

Other Western Hemisphere..BahamasBermudaJamaicaOther

Other Africa.

Liberia.Libya..Nigeria.Other -

Middle East.

Iran...Other..

Other Asia and Pacific.

IndiaIndonesiaPhilippines..Other


18,841

11,393

3,836

6,107

4,799265482

1,94428967485184876

1,30812810060831188

411

1,040

81923198

6,967

3,400

1,8902467252279642264625873151

1,511695

70

607

46(D)

194(D)

1,938

2111,727

1,022

2640580

511

480

1,098

661

495

331

0

17

65

202

1631034

88

45

21618

432

141

120247

1416

21- 21823

(*)(D)

193

*Less than $500 000 (±) . DSuppressed to avoid disclosure of data of individual companies.

average gain was 8% percent—nearly20 percent below the national average.Gains ranged from only 7% percentin New York to nearly 9 percent inDelaware and Massachusetts. The aver-age gain in manufacturing wages andsalaries, which account for a relatively

large share of total income in each ofthese States (except Hawaii and theDistrict of Columbia), was only 7%percent, compared with 12% percentnationwide. Except for durable goodsin Delaware, the gain in payrolls inboth durables and nondurables manu-

facturing in each of these States waswell below the national average. Thegain in wages and salaries in themachinery industry was well belowaverage in each of the slow-growingmanufacturing States. Other importantlagging industries were chemicals in



Table 23.—Earnings—1975[Millions of dollars]

Allindus-tries

Miningand

smelt-ing

Petro-leum

Manufacturing

TotalFoodprod-ucts

Chemi-cals and

alliedprod-ucts

Primaryand

fabri-catedmetals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-


Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countries...


Canada

EuropeEuropean Communities (9)..

Belgium and Luxembourg.FranceGermanyItalyNetherlandsDenmarkIreland-United Kingdom

Other Europe-NorwaySpainSwedenSwitzerland-Other

JapanAustralia, New Zealand, and South Africa..


Developing countries-

Latin America

Latin American Republics-Argentina --.BrazilChileColombiaMexicoPanamaPeruVenezuela-Other Central America...Other

Other Western Hemisphere..Bahamas.Bermuda.JamaicaOther

Other Africa.Liberia..Libya.—Nigeria. .Other....

Middle East-

Iran. ..Other-

Other Asia and Pacific-



16,434

9,445

3,364

4,981

3,620263643

1,00982

54527

144907

1,36171

17493

863160

237

864

7178

139

6,623

3,1632,123

100652

448403

-10634763

162

1,03935344776

163

512

53174284

(*)

1,644

2281,416

1,305

1692835

327

367

636

477

235

-3

-30

-201

(*)0

O

C)0

-100

1

0

244

2321

12

159

108

29P)_

17

18

79- 1

0(D)(P)

( D ) o0

12

(*>(D)

4,746

1,593

871

470

377

337- 1 2- 1 7

215

)- 2

3,078

431

231(D)

53(D)

58

64-108

1631110

199- 1109

417

11174267

1,445

2271,218

786

- 5903

- 3 9- 7 3

75

6,052

4,696

1,641

2,27618842783712014013

146405

34629

10651

11546

126

306

2463

58

1,356

1,150

87416

138

3502813

1141818

685

375

20

15

- 406

13

15

213

176

17- 139

120

600

468

172

241

18485

7117118

1845

581

30)

14

41

281

12

132

112

1096

27(*>3

46(*)

2178

(*)31

<*)

00

(t)3

1

1

15

1-2106

1,276

909

263

586

5194965

11953446

9787

672

2579

24

- 5

65

53- 113

367

309

257- 1642

11105

C)042

- 2

- 2- 1

55

92

1331

C)

335

241

130

90

631534-751124

27

13

>) 7

-3

-3

24

17

7

94

74

73719-12

(*)

(*)

(*)

(*)

(*)

(*)

(*)

8

2,110

1,756

367

1,217

1,0871092413216389-26

260

130

503213

109

63

5418

354

263

251(*)142

(*)

C)(*)

( V(*)

(*)

- 2

00

- 2

10

19

84

714

72

630

527

312

196

1771937

2228

- 4- 2- 1

-102

200

29(*)(D)

103

108

1084157

(•)(*)

211

(*)- 1 1

00000

- 1

000

- 1

- 5

(*)0

- 2- 2

1,101

795

396

291

2463

7570

- 1 4- 4

12591

306

285

2843310711472

2461

1- 3

112

- 1

- 4011

(*)

(*)- 1136

189

52

(D)

10

(D)

(*)(E>)

C)-44

-104

(D)(*)(*)(D)(*)(*)

(D)

(*)

(*)

O0

26

17

11

1

8 21

(*)123

61123

10

1000

(*)

1

11

-2

(*)

-3-2

111

1,656

1,064

253

761

2152

(D)(D)

645

1029

5465271448415

11

39

27111

487

318

288644-1458118123646

30101821

13

1166

10

-110

145

(•)

9135

105

2,378

1,147

259

784

57780378328

(*)(*)

3346

207(*)

62

17227

78

26

2612

1,162

964

305

(D)(*)

63

1151

(P)1080

659342280135

6

3021

45

144

148

3

23113

69

778

416

33319

2131

534

8732

355

175

177- 134219

7788

1227

- 2- 3

2(*)

- 1

13

-14

127

- 1128

41

(*)(D)

•Less than $500,000 ( ± ) . D Suppressed to avoid disclosure of data of individual companies.

Delaware, textiles and apparel andprinting and publishing in New York,and fabricated metals in Massachusetts;these were partially offset by a rela-tively large gain in military equipment

in Connecticut.Construction wages and salaries

declined in all but one of these slow-growing States; in Delaware—theexception—construction was up 3 per-

cent, less than half the nationalaverage. Similarly, the advance inservice-type industries was well belowthe national average except in Hawaii,which just equaled the national average.


August 1977 SUEVEY OF CURRENT BUSINESS 55Table 24.—Earnings—1976


Allindus-tries

Miningand

smelt-ing

Petro-leum

Manufacturing

TotalFoodprod-ucts

Chemi-cals and

alliedprod-ucts

Primaryand

fabri-cated

metals

Machin-ery

Trans-porta-tion

equip-ment

Othermanu-factur-

ing

Trans-porta-tion,

commu-nica-


Trade

Fi-nanceand

insur-ance

Otherindus-tries

All countries.--


Canada

Europe-

European communities (9).Belgium and Luxembourg.FranceGermanyItalyNetherlandsDenmarkIrelandUnited Kingdom

Other Europe.NorwaySpainSwedenSwitzerland.Other

Japan




Latin America

Latin American Republics..ArgentinaBrazilChileColombiaMexico.PanamaPeruVenezuela.Other Central America. _.Other

Other Western Hemisphere..BahamasBermudaJamaicaOther

Other Africa-

Liberia. .LibyaNigeria. _Other

Middle East-

IranOther..

Other Asia and Pacific _


18,843

11,298

3,782

6,058

4,750260468

1,99928267582

183801

1,30810910360

845191

418

1,040

81523

202

7,112

3,354

1,874244733228174

22515

25871

1511,480

679505

63234

592

45214192140

1,920

1961,724

1,247

2862687

505

861

604

238

- 5

- 30

- 10

(*)W

- 1- 1

- 20

- 100

- 1

0

371

348(*)

22

257

159

82

26- 2- 410

(*)- 5

()33

77(D)o

57

(*)

<*)(*)


5,157

1,780

1,011

425

309-130

76

336

-22-72

11654-6

13

108

236

183

3,176

453

228

75

932614746

225

104

108

460

1321217758

1,641

1781,463

622

6577C)

200

7,281

6,030

1,847

3,626

3,339268277

1,727224204

36187416

287423949

10949

225

331

2316

95

1,252

997887146452

55334144

1333015

1115

906

11

16

- 70

16

i

5

234

165

46167

587

438

161

197

155- 9

2(D)

1412

(D)2813

421

16(D)

17(D)

28

52

231

28

149

124

1118

4017

24C)

2010

(*)

132731

(*)

(*)

1- 2158

1,409

1,104

270

748

6708335

18776498

127104

786

417

195

14

71

53- 119

305

261

o05

- 4

- 8

- 5- 3

52

102

1425

363

291

100

164

120

(*)37

44D)

19D)

8)

- 3

29

25- 1

5

73

5656

)2322

(*)

(*)

(*)(*)

10

11

2,325

1,910

419

1,281

1,19913390

5868710336

189

82

103318

137

72

481

23

416

300)

32181

()(*)C)

(*)- 1

108

5(*)

1,472

1,430

453

933

9574278

86

- 2 40

- 4 9(*)

233

28

15

211

- 7

42

41

4147

(*)(*)(*)

- 8(*)(*)(*)(•)

(*)

- 10

1,125

857

443

303

2391067562325

2534

64923

2328

20

91

604

28

268

216

21624

112(*)

24- 5

2(*)

(*)- 4

(*)12

- 70

C)

45

148

54

- 7

- 2(*)

- 3- 1

0

(*)

(*)

(*)

(*)

(*)

(*)

( • )

(*)

- 1 6

(*)

- 3- 1 7

73

1,659

1,157

217

856

2903061771046251527

5653

3016

49620

34

50

322

15

367

211

184155922

16435

307

(*)

9

- 120

120

1- 114

106

135

2,652

1,016

277

665

4918719

102322723

219

174

113828

69

- 215

1,615

1,366

35126741

202

123(•)

188

79

1,014654273

023

60

258

181

58

24143

21

1,085

657

(D)

497

3316

( D ) e18

2204

1661035

47

22

424

135

1192

461216

9

16

182

(*)5

192

17174

766

" Less than $500,000 (± ) . D Suppressed to avoid disclosure of data of individual companies.


Alternative Estimates of Capital Consumption and Profits of Nonfinancial Corporations, 1974-76Revised and updated estimates of capital consumption allowances, capital consumption adjustment, and profits of nonfinancial

corporations, based on alternative depreciation formulas and service lives and valued at historical and current cost, are shown below.These estimates incorporate the revised and updated national income and product account (NIPA) estimates that appeared in the July1977 SURVEY OF CURRENT BUSINESS. Estimates for 1929-72 appeared in the March 1976 SURVEY; estimates for 1973 appeared in theAugust 1976 SURVEY. Service lives used for nonresidential structures and equipment are 100 percent of Internal Revenue Service BulletinF (F), 85 percent of Bulletin F (.85F), 75 percent of Bulletin F (.75F), and 100 percent of Bulletin F through 1940 with a gradual decreaseto 75 percent of Bulletin F in 1960 (F to .75F); for residential structures, the lives are 80 and 65 years for new l-to-4 and 5-or-more unitstructures, respectively, with lives half as long as these for additions and alterations.

Table 1.—Capital Consumption Allowances, Nonfinancial Corpo-rations: National Income and Product Account Estimates andEstimates Based on Alternative Methods of Depreciation

[Billions of dollars]

Line

Capital consumption allowances, NIPA *

Capital consumption allowances with capital consumptionadjustment, NIPA 2

Capital consumption allowances with capital consumptionadjustment, alternative methods of depreciation:

Historical cost valuation:Straight-line depreciation:

F service lives.85F service lives.75F service livesF to .75F service lives

Double-declining balance depreciation:F service lives.85F service lives.75F service livesF to .75F service lives

Current cost valuation:Straight-line depreciation:

F service lives.75F service livesF to.75F service lives

Double-declining balance depreciation:F service lives.85F service lives.75F service livesF to .75F service lives

1974

77.7

80.8

55.559.462.463.1

63.467.069.870.4

77.283.686.2

83.786.989.391.2

1975

85.3

97.3

60.764.968.269.0

69.373.376.376.8

93.1100.5103.3

100.1103.5106.1108.2

92.5

107.0

66.971.475.075.7

76.180.283.584.0

102.6110.2113.0

108.9112.3114.8116.8

Table 2.—Capital Consumption Adjustment, Nonfinancial Corpo-rations: National Income and Product Account Estimates andEstimates Based on Alternative Methods of Depreciation


Line

1

2345

6789

101112

13141516

Capital consumption adjustment, NIPA i

Capital consumption adjustment, alternative methods ofdepreciation:2


F service lives.85F service lives _ _ _.75F service livesF to .75F service lives

Double-declining balance depreciation:F service lives.85F service lives.._.75F service livesF to .75F service lives.._ _

Current cost valuation:Straight-line depreciation:

F service lives. _.75F service lives __ _ __F to .75F service lives

Double-declining balance depreciation:F service lives __.85F service lives.75F service livesF to .75 F service lives _ _ _ _ _

1974

- 3 . 0

22.318.415.414.6

14.310.77.97.4

.6- 5 . 8- 8 . 4

- 6 . 0- 9 . 1

-11.5-13.4

1975

-12.0

24.520.317.016.3

15.912.09.08.5

- 7 . 9-15.2-18.0

-14.8-18.3-20.9-22.9

1976

-14.5

25.621.117.516.8

16.412.29.08.5

-10.2-17.8-20.5

-16.5-19.8-22.3-24.3

1. Tax return-based capital consumption allowances.2. Based on current cost valuation, straight-line depreciation, and .85F service lives.

1. Equals line 1, table 1, minus line 2, table 1.2. Lines 2 through 16 are equal to tax return-based capital consumption allowances (line 1,

table 1) minus the capital consumption allowances based on the designated valuation, de-preciation formula, and service lives (lines 3 through 17, table 1). For example, line 2 equalsline 1, table 1, minus line 3, table 1.

Table 3.—Corporate Profits With Inventory Valuation Adjustment, Nonfinancial Corpora-tions:1 National Income and Product Account Estimates and Estimates Based onAlternative Methods of Depreciation


Line

1

2

3

4567

g9

1011

121314

15161718

Corporate profits before deduction of capital consumption allowances, with inventoryvaluation adjustment, NIPA

Corporate profits with inventory valuation adjustment and without capital consump-tion adjustment, NIPA 2 . . .

Corporate profits with inventory valuation and capital consumption adjustments,NIPA 3

Corporate profits with inventory valuation and capital consumption adjustments,alternative methods of depreciation: 4


F service lives85 F service lives75F service lives - . , . -F to .75 service lives . . . .

Double-declining balance depreciation:F service lives . . . . . . . . . . . . _ _ . -.85F service lives . . . --. . . .75 F service livesF to .75F service lives

Current cost valuation:Straight-line depreciaiton:

F service lives - . . . . _ _ _ _ _ _ _ _.75F service lives ._ .F to 75F service lives

Double-declining balance depreciation:F service lives85F service lives.75F service lives * -F to .75F service lives - -

1974

140.2

62.5

59.5

84.880.977.977.1

76.973.270.469.9

63.156.754.1

56.553.451.049.1

1975

175.6

90.3

78.3

114.8110.6107.3106.6

106.2102.399.398.8

82.575.172.3

75.572.069.567.4

1976

208.9

116.4

101.9

142.0137.5133.9133.2

132.8128.7125.4124.9

106.398.797.9

100.096.694.192.1

1. Excludes profits originating in the rest of the world.2. Equals line 1, table 3, minus line 1, table 1.3. Equals line 2, table 3, plus line 1, table 2.4. Lines 4 through 18 are equal to NIPA profits with inventory valuation adjustment and without capital consumption

adjustment (line 2, table 3) plus the captial consumption adjustment based on the designated valuation, depreciationformula, and service lives (lines 2 through 16, table 2). For example, line 4 equals line 2, table 3, plus line 2, table 2.

56


Fixed Nonresidential Business and Residential Capital in the United States, 1974-76

Revised and updated estimates of gross and net stocks of fixed nonresidential business and residential capital in the United States incurrent and constant dollars are shown below. These estimates incorporate the national income and product account estimates of fixedinvestment that appeared in the July 1977 SURVEY OF CURRENT BUSINESS. Estimates for 1925-72 appeared in the April 1976 SURVEY;estimates for 1973 appeared in the August 1976 SURVEY.

Table 1.—Current-Dollar Gross Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization[Billions of dollars]

Endof

year

1974...1975...1976...

Total

Equip-mentand

struc-tures

2,135.32,372.22,522.6

Equip-ment

963.41,104.11,200.7

Struc-Tures

1,171.91,268.01,321. 9

By major industry group

Farm

Equip-mentand

struc-tures

146.3161.8172.4

Equip-ment

82.894.4

102.2

Struc-tures

63.567.370.2

Manufacturing

Equip-mentand

struc-tures

480.1529.4563.1

Equip-ment

269.8307.7338.6

Struc-tures

210.3221.7224.5

Nonfarm nonmanu-facturing

Equip-mentand

struc-tures

1,508.91,681.01,787.1

Equip-ment

610.8702.0759.9

Struc-tures

898.1979.0

1,027.2

By legal form of organization

Corporate

Total

Equip-mentand

struc-tures

1,565.11,750.21,868.5

Equip-ment

774.4890.5970.2

Struc-tures

790.7859.6898.2

Nonfinancial

Equip-mentand

struc-tures

1,498.91,675.31,786.0

Equip-ment

747.0859.0934.7

Struc-tures

751.9816.3851.3

Noncorporate

Equip-mentand

struc-tures

570.2622.0654.1

Equip-ment

189.0213.6230.5

Struc-tures

381.2408.4423.7

Table 2.—Current-Dollar Net Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization[Billions of dollars]

1979...1975...1976...

1,244.11,367.21,440.6

532.8604.0650.9

711.3763.2789.7

81.489.394.3

43.950.053.8

37.439.340.6

257.6281.3298.9

147.4165.7182.8

110.2115.6116.1

905.1996.6

1,047.4

341.4388.3414.4

563.6608.3633.0

899.2995.2

1,053.8

433.1491.3529.8

466.1504.0524.0

852.9943.5997.6

416.0471.9508.2

436.8471.6489.4

344.9372.0386.8

99.7112.7121.1

245.2259.3265.6

Table 3.—Constant-Dollar Gross Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form ofOrganization

[Billions of 1972 dollars]

1974...1975...1976...

1,656.61,700.21,743.4

780.6805.0827.8

875.9895.2915.7

112.3114.3116.2

63.564.665.4

48.849.750.8

375.5380.7

218.6223.0231.9

156.9157.7157.7

1,168.81,205.21,237.7

498.6517.4530.4

670.2687.8707.3

1,220.91,255.21,288.8

630.4651.6671.4

590.5603.6617.4

1,168.71,199.01,228.6

607.1626.3644.1

561.6572.7584.4

435.6445.1454.6

150.2153.4156.4

285.4291.7298.3

Table 4.—Constant-Dollar Net

1974...1975...1976—

963.7980.0996.7

431.8440.5449.0

532.0539.5547.7

62.863.664.1

Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization[Billions of 1972 dollars]

34.134.534.7

28.829.029.3

201.6202.3206.7

119.4120.0125.2

82.282.381.5

699.3714.2726.0

278.3286.0289.2

420.9428.2436.9

700.8713.8727.4

352.4359.4366.7

348.4354.4360.7

664.6675.4686.7

338.0344.0350.3

326.6331.3336.4

262.9266.2269.4

79.481.182.4

183.5185.1187.0

NOTE.—Capital stock estimates are based on straight-line depreciation and .85F service lives.

Table 5.—Current-Dollar Gross Stocks of Residential Capital, by Legal Form of Organization and Tenure Group[Billions of dollars]

End of year

19741975.1976

Total

1,862.02,062.82,243.0

By legal form of organization

Business

Total

1,820.52,016.92,193.6

Corporate

Total

67.875.181.0

Non-financial

65.272.077.4

Non-corporate

1,752.71,941.82,112.6

Total

41.545.849.4

Government

Federal

12.714.015.1

Stateandlocal

28.831.834.3

By tenure group l

Owner occupied

Farm

54.559.263.0

Nonfarm

1,261.11,405.31,540.1

Tenant occupied

Farm

16.117.017.7

Nonfarm

483.1529.2566.7

Table 6.—Current-Dollar Net Stocks of Residential Capital, by Legal Form of Organization and Tenure Group[Billions of dollars]

1974.1975.1976.

1,216.51,340.01,452.4

1,186.11,307.01,417.4

48.453.056.4

46.750.953.8

1,137.71,254.01,361.0

30.333.035.0

8.69.49.9

21.723.625.1

24.726.728.4

871.2964.9

1,054.1

4.24.44.5

284.5309.5329.3

Table 7.—Constant-Dollar Gross Stocks of Residential Capital, by Legal Form of Organization and Tenure Group[Billions of 1972 dollars]

19741975.1976...

1,451.31,476.71,509.2

1,419.01,44a 91,476.1

53.053.954.7

51.051.752.2

1,366.01,390.01,421.4

32.332.733.2

9.910.010.1

22.422.723.0

42.442.342.3

982.21,005.21,035.3

12.512.211.9

377.4379.8382.4

Table 8.—Constant-Dollar Net Stocks of Residential Capital, by Legal Form of Organization and[Billions of 1972 dollars]

1974...19751976.

948.1959.1977.0

924.4935.5953.5

37.838.038.0

36.536.536.3

886.6897.5915.5

23.623.623.5

6.76.76.7

16.916.916.8

19.219.119.1

Tenure Group

678.6690.2708.5

3.33.13.0

222.2222.1222.2

1. Excludes stocks of nonhousekeeping residential capital, such as hotels, motels, anddormitories.

NOTE.—Capital stock estimates are based on straight-line depreciation and service livesgiven in the text of the April 1976 SURVEY article.

57


Revised Manufacturing and Trade Inventories and Sales, 1973: IV-1977: IIQuarterly estimates of inventories, sales, and inventory-sales ratios for manufacturing and trade, in constant dollars are shown below.

These estimates are consistent with the revised national income and product account (NIPA) estimates that appears in the July 1977SURVEY OF CURRENT BUSINESS. Estimates for merchant wholesale and retail trade for 1959-72 appear in the May 1976 SURVEY, and for1973 appear in the August 1976 SURVEY.

Table 1.—Manufacturing and Trade Inventories in Constant Dollars, Seasonally Adjusted, End of Quarter[Billions of 1972]

1973

IV

1974

II III IV

1975

II III IV

1976

II III IV

1977

II

Manufacturing and trade

Manufacturing

Durable goodsPrimary metals *Fabricated metal products *Machinery, except electrical *Electrical machinery *Motor vehicles and partsOther transportation equipment *.Other durable goods 1 *

Nondurable goodsFood and kindred productsNonfood

Paper and allied productsChemicals and allied products *.Petroleum and coal products..-.Rubber and plastics products *_.Other nondurable goods 2 *

Merchant wholesalers

Durable goods

Nondurable goodsGroceries and farm products

Other nondurable goods

Retail trade

Durable goodsAutomotive dealersOther durable goods

Nondurable goodsFoodstroesOther nondurable goods

219.0

123.6

82.811.710.517.912.05.9

10.514.3

40.711.029.73.27.12.53.0

13.9

35.2

21.2

14.05.48.5

60.3

28.014.213.8

32 25.8

26.5

221.8

125.8

84.211.610.618.412.35.9

10.714.7

41.611.530.13.27.42.63.0

13.8

36.5

21.8

14.75.88.9

59.5

27.613.713.8

32.05.9

26.1

223.7

127.1

84.511.610.618.812.25.6

10.715.0

42.612.130.53.37.62.83.0

13.9

37.6

22.3

15.36.09.2

59.0

26.713.013.7

32.36.0

26.3

223.5

127.6

84.911.710.619.012.15.7

10.615.3

42.711.930.93.47.62.92.9

14.1

37.4

22.9

14.55.49.1

58.4

26.412.913.5

32.15.7

26.4

225.0

128.6

85.512.011.019.411.95.7

10.415.2

43.011.731.43.57.73.02.9

14.4

37.7

23.3

14.45.39.1

58.7

27.714.213.4

31.05.7

25.3

220.5

127.6

85.412.911.019.511.65.2

10.414.8

42.211.430.83.57.43.12.8

14.0

36.6

23.1

13.64.78.9

56.3

25.512.313.2

30.85.8

25.0

217.0

125.7

84.613.410.819.211.25.1

10.414.3

41.111.030.13.47.33.02.7

13.7

35.6

22.4

13.24.58.7

55.7

25.212.113.1

30.45.8

24.7

217.6

124.7

83.313.310.619.011.04.9

10.414.1

41.411.430.03.47.23.02.7

13.7

35.9

22.2

13.64.98.7

57.0

26.413.113.2

30.65.8

24.8

216.2

124.0

82.013.410.418.310.84.8

10.214.0

42.011.830.23.47.23.12.7

13.7

35.4

22.2

13.34.48.8

56.8

26.112.813.3

30.75.9

24.8

218.8

124.4

81.413.310.218.010.85.0

10.014.1

42.912.230.73.57.43.12.7

14.0

36.1

22.4

13.74.8

58.3

26.312.813.5

32.06.1

25.9

222.3

126.1

82.013.610.017.911.25.19.9

14.3

44.112.731.33.67.53.22.7

14.4

37.2

23.0

14.25.3

59.0

26.412.513.8

32.76.1

225.8

127.7

82.413.910.217.911.35.09.8

14.3

45.313.531.83.67.83.22.7

14.4

37.8

23.4

14.35.29.2

60.3

27.513.214.2

32.96.3

26.6

225.9

128.1

82.714.310.318.011.44.89.5

14.4

45.413.631.83.77.93.32.8

14.2

37.8

23.114.75.3

60.1

27.413.214.2

32.66.5

26.2

228.5

128.7

83.014.210.218.111.84.99.3

14.6

45.713.831.93.77.83.32.9

14.2

38.5

23.7

14.95.49.5

61.2

27.913.314.5

33.36.4

26.9

231.5

130.3

83.814.410.418.212.05.09.3

14.7

46.413.932.53.97.93.42.9

14.3

38.9

24.3

14.65.39.3

62.4

28.213.514.6

34.26.3

27.9

Table 2.—Manufacturing and Trade Sales in Constant Dollars, Seasonally Adjusted Quarterly Totals at Monthly Rate[Billions of 1972 dollars]

1973

IV

1974

II III IV

1975

III IV

1976

II III IV

1977

II

Manufacturing and trade

Manufacturing

Durable goodsPrimary metals*Fabricated metal products*Machinery, except electrical*Electrical machinery*Motor vehicles and partsOther transportation equipmentOther durable goods **


Paper and allied productsChemicals and allied products*Petroleum and coal products—Rubber and plastics products*Other nondurable goods2*

Merchant wholesalers

Durable goods

Nondurable goodsGroceries and farm products

Other nondurable goods

Retail trade

Durable goodsAutomotive dealersOther durable goods

Nondurable goodsFood storesOther nondurable goods

135.4

68.8

38.85.94.86.35.26.23.27.1

29.99.5

20.42.75.32.42.08.0

27.8

13.4

14.36.67.7

38.8

13.37.85.5

25.57.6

17.9

135.3

68.8

38.25.95.06.55.35.23.17.2

30.59.8

20.72.75.52.42.08.0

28.6

13.9

14.76.68.1

37.9

12.87.35.6

25.17.5

17.6

135.2

68.8

38. 26.04.86.65.25.23.17.2

30.69.8

20.72.75.62.51.98.1

28.6

13.8

14.87.07.8

37.8

12.87.35.6

24.97.4

17.5

134.0

68.0

37.75.94.66.95.05.32.97.1

30.310.120.22.65.32.61.87.8

28.3

13.4

14.97.07.9

37.7

12.77.35.4

25.07.6

17.3

126.8

64.6

35.95.44.26.94.64.93.06.9

28.79.6

19.12.54.92.51.77.5

26.2

12.4

13.86.57.3

36.0

11.46.35.2

24.67.5

17.1

122.5

60.3

32.84.73.96.24.34.23.26.5

27.59.3

18.12.24.62.51.57.3

25.6

11.6

14.07.17.0

36.5

11.76.65.2

24.87.6

17.2

122.9

60.6

32.44.23.86.04.34.62.96.5

28.29.7

18.52.24.72.61.67.4

25.0

11.2

13.96.87.1

37.2

11.96.75.2

25.37.7

17.6

126.5

62.7

33.34.54.06.04.44.92.7

29.49.9

19.42.44.92.61.77.9

25.9

11.5

14.47.27.2

37.9

12.47.15.3

25.57.7

17.8

127.4

63.2

33.54.44.16.04.44.92.76.8

29.89.8

20.02.45.12.61.78.2

25.5

11.5

14.16.97.1

38.6

12.97.45.5

25.77.7

18.0

131.9

65.9

35.24.74.46.24.65.62.77.0

30.710.020.72.55.32.81.88.3

26.4

12.0

14.47.17.3

39.6

13.47.95.6

26.27.9

18.2

133.3

66.7

35.95.04.56.44.75.62.77.0

30.810.020.82.65.22.91.8

8.4

26.8

12.114.77.27.5

39.8

13.57.95.6

26.38.1

18.2

134.2

66.7

35.65.04.46.34.85.52.57.1

31.110.520.62.55.22.91.7

8.3

27.7

12.215.48.07.5

39.9

13.47.8

26.58.1

18.3

135.3

66.9

35.84.64.46.34.95.82.67.1

31.110.420.72.55.32.81.8

8.3

27.6

12.215.47.97.5

40.8

13.67.95.7

27.28.4

18.8

139.2

69.7

38.04.84.66.55.16.82.87.5

31.610.321.42.65.63.01.98.2

28.3

12.8

15.57.77.7

41.3

14.28.55.7

27.18.3

18.8

140.1

69.7

38.25.14.66.65.16.52.87.6

31.59.9

21.62.75.63.01.98.4

28.9

13.1

15.98.07.8

41.4

14.38.45.9

27.18.4

18.8

See footnotes at end of table 4.

58


August 1977 SUEVEY OF CUREENT BUSINESS 59Table 3.—Constant-Dollar Inventory-Sales Ratios for Manufacturing and Trade, Seasonally Adjusted

[Ratio, based on 1972 dollars]

1973

I V

1974

I I I I I I V

1975

II III I V

1971

II III IV

1977

II

Manufacturing and trade..

Manufacturing

Durable goodsPrimary metals*Fabricated metal products*Machinery, except electrical*Electrical machinery*Motor vehicles and partsOther transportation equipment* -Other durable goods 1 *


Paper and allied productsChemicals and allied products*.Petroleum and coal products....Rubber and plastics products*..Other nondurable goods 2 *

Merchant wholesalers-

Durable goods.

Nondurable goodsGroceries and farm products..Other nondurable goods

Retail trade.

Durable goodsAutomotive dealers. _Other durable goods..

Nondurable goodsFood storesOther nondurable goods_.

1.62

1.80

2.131.982.172.812.30.96

3.302.01

1.361.161.451.221.321.041.471.74

1.27

1.58

.97

.821.11

1.55

2.101.822.50

1.27.76

1.48

1.64

1.83

2.201.962.122.832.341.133.442.04

1.361.181.451.181.351.071.481.72

1.28

1.57

1.00.88

1.10

1.57

2.151.892.48

1.28.78

1.48

1.66

1.85

2.211.922.212.842.341.073.432.08

1.391.231.471.221.361.121.581.72

1.32

1.62

1.03.87

1.18

1.56

2.081.792.47

1.29.80

1.50

1.67

1.88

2.251.982.322.732.431.073.612.16

1.411.181.531.301.431.131.581.80

1.32

1.71

.781.15

1.55

2.071.762.49

1.28.75

1.52

1.77

1.99

2.382.212.582.832.571.163.512.20

1.501.221.641.431.581.171.641.91

1.44

1.88

1.05.82

1.24

1.63

2.422.272.60

1.26.76

1.48

1.80

2.12

2.602.752.853.152.711.253.292.29

1.531.221.701.571.621.221.841.92

1.43

1.99

.97

.661.27

1.54

2.181.872.56

1.24.76

1.46

1.77

2.07

2.613.232.803.202.591.113.592.19

1.461.141.631.531.541.181.731.84

1.43

2.01

.671.23

1.50

2.121.812.52

1.20.75

1.40

1.72

1.99

2.502.942.653.182.481.013.822.08

1.411.151.551.461.461.141.621.74

1.39

1.93

.95

.691.21

1.50

2.131.862.48

1.20.76

1.39

1.70

1.96

2.453.032.513.032.44.98

3.782.06

1.411.211.511.401.431.171.591.68

1.39

1.93

.94

.641.24

1.47

2.031.742.42

1.19.76

1.38

1.66

1.89

2.322.872.322.902.35.•88

3.762.01

1.401.231.481.371.401.121.501.68

1.37

1.86

.95

.671.23

1.47

1.961.622.43

1.22.76

1.42

1.67

1.89

2.292.722.232.802.39.91

3.732.03

1.431.27

504144104872

1.39

1.90.

.97

.741.19

1.48

1.951.592.46

1.24.75

1.46

1.68

1.91

2.312.762.332.822.38.91

3.88

1.461.291.541.431.621.111.541.74

1.37

1.91

.93

.651.23

1.51

2.051.702.54

1.24.77

1.45

1.67

1.92

2.313.082.352.842.32.83

3.642.04

1.461.301.541.481.491.171.581.70

1.37

1.89

.95

.671.25

1.47

2.011.682.48

1.20.78

1.39

1.64

1.85

2.182.962.212.772.31.72

3.331.96

1.451.341.501.421.391.111.501.73

1.36

1.85

.96

.701.23

1.48

1.961.562.55

1.23.77

1.44

1.65

1.87

2.192.842.242.742.38.76

3.311.94

1.471.411.501.431.411.161.531.70

1.34

1.86

.92

.661.18

1.51

1.971.612.49

1.26.76

1.49

Table 4.—Fixed-Weighted Constant-Dollar Inventory-Sales Ratios for Manufacturing and Trade, Seasonally Adjusted[Ratio, based on 1972 dollars]

1973

I V

1974

II III

1975

II III IV

1976

II III IV

1977

II

Manufacturing and trade.

Manufacuturing

Durable goods

Nondurable goods

Merchant wholesalers.

Durable goods

Nondurable goods

Retail trade

Durable goodsNondurable goods

1.59

1.77

2.131.36

1.24

1.57.96

1.52

2.091.24

1.61

1.80

2.181.36

1.25

1.56.98

1.54

2.131.24

1.63

1.82

2.181.40

1.29

1.621.01

1.52

2.051.26

1.65

1.86

2.221.42

1.30

1.71.95

1.52

2.041.26

1.75

1.95

2.331.51

1.42

1.891.02

1.63

2.381.25

1.78

2.07

2.531.54

1.43

1.98.96

1.53

2.121.23

1.76

2.06

2.561.46

1.43

1.99.94

1.48

2.071.18

1.71

1.98

2.461.41

1.39

1.92.93

1.48

2.081.18

1.69

1.96

2.431.40

1.39

1.91.93

1.44

1.981.17

1.65

1.90

2.321.39

1.36

1.84.94

1.44

1.911.20

1.66

1.90

2.291.43

1.88.95

1.45

1.901.23

1.69

1.93

2.321.47

1.38

1.90.94

1.48

2.001.22

1.68

1.93

2.331.46

1.38

1.87.96

1.44

1.961.18

1.65

1.87

2.221.45

1.36

1.83.96

1.45

1.921.22

1.65

1.88

2.221.48

1.35

1.84.92

1.47

1.931.24

1. Includes stone, clay and glass products; instruments and related products; and otherdurable goods.

2. Includes tobacco manufacturers; textile mill products; apparel products; printing andpublishing; and leather and leather products.

NOTE.—As indicated in the July 1977 SURVEY OF CURRENT BUSINESS, the industrial classi-fication underlying the revised NIPA estimates is now based on the 1972 Standard IndustrialClassification (SIC), replacing the 1967 SIC. In tables 1-4, the estimates for manufacturingalso are based on the 1972 SIC; industries affected are marked with an asterisk (•). The esti-mates for merchant wholesale and retail trade are based on the 1967 SIC; however the definitionof total trade is the same in the 1967 and 1972 SIC. Estimates for manufacturing for 1959-73

based on the 1972 SIC and incorporating revisions to the shipments series made by theCensus Bureau are available on request.

Tables 1, 2, and 8: Manufacturing inventories are classified according to the type of productproduced by the establishment holding inventories; constant dollar inventories in table 17of the national income and product tables include, in addition to the industries shown here,nonmerchant wholesalers, other nonfarm industries, and farms.

Table 4: The weighted I-S ratios shown in this table were obtained by weighting detailedindustry I-S ratios with 1972 sales. Additional industrial detail was used than is shown intable 2. For manufacturing, I-S ratios for 21 industries were weighted by sales: for merchantwholesalers, 7 categories of business, and for retail trade, 8.


60 SUEVEY OF CUREENT BUSINESS August 1977

SEASONALLY UNADJUSTED NIPA ESTIMATESTable 1.22.—Gross National Product: Quarterly Totals Not Seasonally Adjusted


1973

IV

1974

II III IV

1975

II III IV

1976

II III IV



Durable goodsNondurable goods

Services

Gross private domestic investment

Fixed investment

NonresidentialStructuresProducers' durable equipment

Residential. . .Nonfann structuresFarm structuresProducers' durable equipment

Change in business inventoriesNonfarmFarm

Net exports of goods and services

Exports

Imports

Government purchases of goods and services

FederalNational defenseNondefense

State and local

354.6

219.1

33.695.090.4

60.8

52.6

36.913.523.315.715.2

.2

.3

8.26.91.3

4.2

29.525.3

70.5

27.318.88.5

43.3

329.5

202.4

25.982.594.0

53.6

46.0

34.112.022.111.911.4

.2

.3

7.68.4

- . 8

3.9

31.7

27.8

69.6

25.718.27.5

43.9

350.5

221.3

31.593.696.2

53.1

53.0

38.313.325.014.714.1

.7

34.533.8

75.4

27.819.97.8

47.7

352,5

226.5

31.895.299.5

51.0

53.3

37.614.323.315.715.1

-2 .3-2 .3

0

- 2 . 1

33.035.1

77.1

27.418.78.7

49.7

380.3

239.4

32.8104.9101.6

56.9

53.3

40.614.825.812.712.1

.4

.3

3.54.5

- 1 . 0

3.5

38.835.2

30.320.210.250.2

349.4

222.9

26.790.6

105.6

42.1

44.4

35.011.923.19.49.1.1.2

- 2 . 3- 3 . 3

1.0

5.1

36.831.7

79.3

29.620.49.1

49.7

372.3

241.6

32.8101.1107.8

40.4

50.4

37.712.924.812.712.3

.2

.3

-10 .1-10.4

.4

6.2

36.530.2

84.1

30.721.09.7

53.4

385.1

248.1

34.1103.0111.0

48.2

51.4

36.313.822.515.114.5

.3

.3

- 3 . 2- 4 . 0

.9

2.6

34.732.1

86.2

29.920.29.6

56.3

422.0

267.7

39.3114.7113.8

58.4

54.4

40.114.325.814.313.6

.4

.3

4.12.71.4

6.4

39.332.9

89.4

33.222.311.056.2

395.9

251.7

33.898.7

119.2

54.9

48.7

36.311.824.512.411.8

.3

.3

6.36.6

- . 3

3.4

38.435.0

85.8

31.121.29.9

54.7

422.4

270.6

40.4109.3120.9

59.1

57.9

40.713.826.917.216.7

.2

.3

1.31.8

- . 5

2.8

40.938.1

89.9

32.322.110.257.6

427.1

274.2

39.8110.0124.5

62.2

59.4

40.414.825.519.118.5

.2

.3

2.72.9

- . 1

39.840.6

91.5

31.821.110.759.7

461.1

297.5

45.0124.8127.7

67.1

64.0

44.615.429.219.418.8

.3

.3

3.13.6

2.4

43.741.3

94.1

22.412.559.2

Table 2.5.—Personal Consumption Expenditures by Major Type of Product: Quarterly Totals Not Seasonally Adjusted[Billions of dollars]


Durable goods

Motor vehicles and parts __Furniture and household equipmentOther

Nondurable goods

FoodClothing and shoesGasoline and oilF u e l o i l a n d c o a l . . _O t h e r

Services

Housing -- - - -Household operationElectricity and gas _ _

OtherTransportation _ _Other _

1973

IV

219.1

33.6

12.715.35.6

95.0

45.019.87.52.4

20.3

90.4

32.012.85.17.77.1

38.6

1974

I

202.4

25.9

10.411.63.9

82.5

42.512.97.53.1

16.5

94.0

32.914.46.67.87.4

39.3

II

221.3

31.5

13.213.64.7

93.6

47.216.19.62.0

18.8

96.2

93.613.45.58.07.6

41.5

III

226.5

31.8

13.513.74.6

95.2

49.415.810.0

1.718.3

99.5

34.613.75.68.17.8

43.5

IV

239.4

32.8

10.916.15.8

104.9

50.720.59.32.8

21.6

101.6

35.414.66.48.27.9

43.7

1975

I

222.9

26.7

10.811.84.2

90.6

47.613.68.93.3

17.2

105.6

36.216.98.58.47.9

44.6

II

241.6

32.8

13.714.05.1

101.1

52.616.79.82.1

20.0

107.8

37.115.46.78.77.9

47.4

III

248.1

34.1

14.814.35.1

103.0

54.116.910.5

1.819.7

111.0

38.215.66.78.98.1

49.2

IV

267.7

39.3

14.717.96.7

114.7

55.223.09.93.0

23.6

113.8

39.316.37.29.18.3

49.9

1976

I

251.7

33.8

15.713.34.7

98.7

51.614.89.43.9

18.9

119.2

40.419.29.69.58.7

51.0

II

270.6

40.4

19.415.45.6

109.3

56.518.110.42.3

22.1

120.9

41.517.07.29.89.1

53.3

III

274.2

39.8

18.715.55.6

110.0

57.918.210.92.0

21.1

124.5

42.717.47.3

10.09.455.0

IV

297.5

45.0

18.119.67.3

124.8

59.525.210.73.8

25.5

127.7

43.319.49.1

10.39.6

55.3

Table 8.4.—Corporate Profits With Inventory Valuation Adjustment and Without Capital Consumption Adjustment: Quarterly TotalsNot Seasonally Adjusted


Corporate profits with inventory valuationadjustment and without capital consump-tion adjustment

Profits before tax

Profits tax liabilityProfits after tax

Inventory valuation adjustment

1973

IV

25.7

29.9

12.317.6

- 4 . 2

1974

I

20.7

28.0

11.416.6

- 7 . 3

II

23.2

33.2

14.119.1

- 9 . 9

III

20.3

34.4

14.419.9

-14 .1

IV

22.3

31.4

12.518.9

- 9 . 1

1975

I

19.4

23.2

9.214.0

- 3 . 8

II

27.3

30.1

12.217.8

- 2 . 7

III

31.4

34.2

14.220.1

- 2 . 9

IV

33.4

36.1

14.521.5

- 2 . 6

1976

I

32.3

35.4

14.421.0

- 3 . 1

II

37.7

41.7

17.524.2

- 3 . 9

III

36.6

40.0

16.723.3

-3.4

IV

36.1

3$. 8

16.223.7

- 3 . 7


August 1977 SUEVEY OF CUERENT BUSINESS 61

Table 3.3.—Federal Government Receipts and Expenditures: Quarterly Totals Not Seasonally Adjusted[Billions of dollars]

1973

IV

1974

II III IV

1975

II III IV

1976

II III IV

Receipts

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

Expenditures

Purchases of goods and servicesNational defenseNondefense

Transfer paymentsTo personsTo foreigners

Grants-in-aid to State and local governments

Net interest paidInterest paid

To persons and businessTo foreigners

Less: Interest received by government

Subsidies less current surplus of governmententerprises

SubsidiesLess: Current surplus of government enterprises.

Less: Wage accruals less disbursements

Surplus or deficit (—), national income andproduct accounts

61.6

29.610.85.4

15.7

67.9

27.318.88.5

24.724.1

.6

10.2

4.95.74.71.0

0

- 6 . 4

27.29.95.1

24.6

69.9

25.718.27.5

27.526.8

.7

10.2

5.05.74.81.0.7

1.5

.8- . 7

0

- 3 . 0

76.8

33.712.45.5

25.2

75.0

27.819.97.8

29.028.01.0

11.4

5.15.84.81.0

1.7

1.0- . 7

- . 2

1.8

76.6

36.912.75.6

21.5

74.8

27.418.78.7

29.729.0

.7

10.8

5.46.15.01.1.7

1.2

.7- . 5

- . 4

1.8

68.3

33.311.05.5

18.6

79.7

30.320.210.2

31.530.8

.7

11.5

5.46.35.11.2

1.0.1

0

-11.3

67.7

28.97.95.1

25.8

84.3

29.620.49.1

35.334.6

12.0

5.56.35.11.2

1.4- . 4

0

-16.5

71.0

28.210.56.0

26.3

89.9

30.721.09.7

37.836.9

.9

14.1

5.66.55.41.1.9

1.8

1.1- . 7

0

-19.0

76.5

35.812.26.3

22.3

88.7

29.920.2

37.536.8

.7

13.9

5.96.85.71.11.0

1.5

.9- . 6

0

-12.1

71.7

32.712.56.6

19.9

94.3

33.222.311.0

38.637.8

.7

14.6

6.37.46.31.11.1

1.5

1.3- . 3

0

-22.6

76.2

29.712.45.2

28.9

94.6

31.121.29.9

41.140.3

.7

14.3

6.67.76.71.11.1

1.6

1.5- . 1

0

-18.4

89.7

38.915.16.2

29.4

94.7

32.322.110.2

39.738.9

14.7

6.67.96.81.11.3

1.4

1.2- . 2

0

- 5 . 1

41.514.46.1

24,9

95.9

31.821.110.7

40.139.2

15.5

6.88.16.91.21.3

1.8

1.6- . 3

0

- 9 . 1

79.6

37.213.96.9

22.4

101.0

34.922.412.5

41.240.4

.8

16.6

7.28.67.31.21.4

1.1

1.4.3

0

- 21 .4

Table 3.5.—State and Local Government Receipts and Expenditures: Quarterly Totals Not Seasonally Adjusted[Billions of dollars]

1973

IV

1974

II III IV

1975

II III IV

1976

II III IV

Receipts

Personal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax accrualsContributions for social insuranceFederal grants-in-aid.

Expenditures

Purchases of goods and servicesTransfer payments to personsNet interest paid

Subsidies less current surplus of governmententerprises

SubsidiesLess: Current surplus of government enterprises.

Less: Wage accruals less disbursements

Surplus or deficit (—), national income andproduct accounts

54.2

9.11.4

30.33.2

10.2

46.6

43.35.2

- 1 . 101.10

7.6

48.7

9.61.4

24.23.3

10.2

46.7

43.94.9

- 1 . 0

- 1 . 001.10

2.0

52.6

10.01.7

26.13.4

11.4

50.3

47.75.0

- 1 . 3

- 1 . 101.10

2.3

49.9

9.61.8

24.33.5

10.8

52.5

49.75.2

- 1 . 3

- 1 . 101.10

- 2 . 6

59.2

10.11.5

32.43.7

11.5

53.3

50.25.4

- 1 . 3

- 1 . 101.10

5.9

53.6

10.41.3

26.13.8

12.0

53.2

49.75.6

- 1 . 1

- 1 . 101.10

.4

59.0

11.31.7

28.03.9

14.1

57.1

53.45.8

- 1 . 0

- 1 . 101.10

1.9

56.3

10,52.0

25.84.0

13.9

59.8

56.36.1

- 1 . 5

- 1 . 101.20

- 3 . 5

66.8

11.22.0

34.84.2

14.6

59.7

56.26.2

- 1 . 5

- 1 . 201.20

7.1

61.7

11.72.0

29.34.3

14.3

58.3

54.76.3

- 1 . 4

- 1 . 301.30

3.3

65.0

12.92.4

30.54.5

14.7

61.3

57.66.4

- 1 . 6

- 1 . 2.1

1.30

3.7

62.9

11.82.3

28.74.6

15.5

63.5

59.76.5

- 1 . 5

- 1 . 3.1

1.30

- . 6

75.2

13.02.2

38.64.8

16.6

63.1

59.28.6

- 1 . 2

- 1 . 4.1

1.50

12.0

Table 4.2.—Foreign Transactions in the National Income and Product Accounts: Quarterly Totals Not Seasonally Adjusted[Billions of dollars]

1973

IV

1974

II III IV

1975

III IV

1976

II III IV

Receipts from foreigners

Exports of goods and services

Capital grants received by the United States (net).

Payments to foreigners

Imports of goods and servicesTransfer payments (net)

From persons (net)From government (net)

Interest paid by government to foreignersNet foreign investment

29.5

29.50

29.5

25.31.2.6.6

1.02 0

29.7

31.7- 2 . 0

29.7

27.8.9.2.7

1.00

34.5

34.50

34.5

33.81.3.3

1.01.0

- 1 . 7

33.0

33.00

33.0

35.11.0.3.7

1.1- 4 . 2

38.8

38.80

38.8

35.21.0.3.7

1.21.4

36.8

36.80

36.8

31.71.0.2.8

1.23.0

36.5

36.50

36.5

30.21.1.2.9

1.14.0

34.7

34.70

34.7

32.1.9.2.7

1.1.5

39.3

39.30

39.3

32.91.0.2.7

1.14.3

38.4

38.40

38.4

35.01.0.2.7

1.11.4

40.9

40.90

40.9

38.11.0.2.8

1.1.7

39.8

39.80

39.8

40.61.1.2.9

1.2- 3 . 1

43.7

43.70

43.7

41.31.0.3.8

1.2.2



Summary National Income and Product Series, 1929-76Table A.—Gross National Product


Year

1929.

19301931. .193219331934

19351936 . . . .193719381939 .

194019411942 .19431944

194519461947 .1948..1949..

1950 .1951 .19521953..1954 .

1955 .1956 .1957..1958..1959

1960 .1961 .1 9 6 2 . . . .19631964

196519661967 .1968 .1 9 6 9 . . . .

19701971 . .197219731974

19751976

Current dollars

G N P

103.4

90.776.158.355.865.3

72.582.790.785.090.8

100.0124.9158.3192.0210.5

212.3209.6232.8259.1258.0

286.2330.2347.2366.1366.3

399.3420.7442.8448.9486.5

506.0523.3563.8594.7635.7

688.1753.0796.3868.5935.5

982.41,063.41,171.1,306.6,412.9

, 528.8, 706. 5

PCE

77.3

69.960.548.645.851.3

55.862.066.664.067.0

71.080.888.699.4

108.2

119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8

253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.4

430.2464.8490.4535.9579.7

618.8668.2733.0809.9889.6

980.41,094.0

Gross privatedomestic investment

Total

16.2

10.25.61.01.43.3

6.48.5

11.86.59.3

13.117.99.95.87.2

10.630.734.045.935.3

53.859.252.153.352.7

68.471.069.261.977.6

76.474.385.290.296.6

112.0124.5120.8131.5146.2

140.8160.0188.3220.0214.6

189.1243.3

Fixedinvest-ment

14.5

10.66.83.43.04.1

5.37.29.27.48.8

10.913.48.16.48.1

11.724.334.441.138.4

47.048.949.052.954.3

62.466.367.963.472.3

72.772.178.784.290.8

102.5110.2110.7123.8136.8

137.0153.6178.8202.1205.7

200.6230.0

CBI

1.7

- . 4- 1 . 1- 2 . 5-1 .6

__ n

1.11.32.5

- . 9.4

2.24.51.8

- . 6- 1 . 0

- 1 . 06.4

- . 54.7

- 3 . 1

6.810.33.1.4

- 1 . 5

6.04.71.3

- 1 . 55.2

3.82.26.56.05.8

9.514.310.17.79.4

3.86.49.4

17.98.9

-11.513.3

Netex-

ports

1.1

1.0.5.4.4.6

. 1

.1

.31.31.1

1.71.3.0

-2 .0-1 .8

- . 67.6

11.66.56.2

1.93.82.4.6

2.0

2.24.36.12.5

.6

4.45.85.46.38.9

7.65.14.92.31.8

3.91.6

- 3 . 37.16.0

20.47.8

Govern-mentpur-

chases

8.8

9.59.58.38.2

10.0

10.212.212.013.213.5

14.224.959.888.997.0

82.827.525.532.038.4

38.560.175.682.575.8

75.079.487.195.097.6

100.3108.2118.0123.7129.8

138.4158.7180.2198.7207.9

218.9233.7253.1269.5302.7

338.9361.4

Constant (1972) dollars

G N P

314.7

285.2263.3226.8222.1239.4

260.8296.1309.8297.1319.7

343.6396.6454.6527.3567.0

559.0477.0468.3487.7490.7

533.5576.5598.5621.8613.7

654.8668.8680.9679.5720.4

736.8755.3799.1830.7874.4

925.9981.0

1,007.71,051.81,078.8

1,075.31,107.51,171.11,235.01,217.8

1,202.11,274.7

P C E

215.6

200.0192.1174.1170.7177.2

188.1206.8214.3209.2220.3

230.4244.1241.7248.7255.7

271.4301.4306.2312.8320.0

338.1342.3350.9364.2370.9

395.1406.3414.7419.0441.5

453.0462.2482.9501.4528.7

558.1586.1603.2633.4655.4

668.9691.9733.0767.7760.7

775.1821.3

Gross privatedomestic investment

Total

55.9

38.623.77.98.4

13.1

24.032.239.824.033.6

44.655.829.618.119.8

27.871.070.182.365.6

93.794.183.285.683.4

104.1102.997.287.7

107.4

105.4103.6117.4124.5132.1

150.1161.3152.7159.5168.0

154.7166.8188.3207.2183.6

141.6173.0

Fixedinvest-ment

51.3

39.126.715.113.316.4

21.128.433.526.632.0

38.443.824.418.022.1

31.458.870.476.870.0

83.280.478.984.185.6

96.397.195.789.6

101.0

101.0100.7109.3116.8124.8

138.8144.6140.7150.8157.5

150.4160.2178.8190.7175.6

151.5164.5

CBI

4.6

- . 5- 3 . 0-7 .2-4 .9- 3 . 3

2.93.86.3

-2 .61.6

6.212.05.2

. 1- 2 . 3

-3 .612.2- . 25.5

-4 .4

10.613.74.31.5

-2 .2

7.75.81.5

- 1 . 86.5

4.42.98.17.87.3

11.316.712.08.7

10.6

4.36.69.4

16.58.0

-9 .98.5

Netex-

ports

2.2

2.01.3.9.2. 5

- 1 . 1- 1 . 3- . 72.62.0

3.0.8

-2 .5- 7 . 3-7 .2

-4 .511.616.68.58.8

4.07.44.92.04.5

4.77.38.93.5

.9

5.56.75.87.3

10.9

8.24.33.5

- . 4- 1 . 3

1.4- . 6

- 3 . 37.6

15.9

22.516.0

Govern-mentpur-

chases

40.9

44.646.244.042.848.7

49.858.556.361.363.8

65^595.9

185.8267.9298.8

264.393.175.484.196.2

97.7132.7159.5170.0154.9

150.9152.4160.1169.3170.7

172.9182.8193.1197.6202.7

209.6229.3248.3259.2256.7

250.2249.4253.1252.5257.7

263.0264.4

Final sales

Currentdollars

101.7

91.177.260.857.466.0

71.481.588.285.990.4

97.8120.4156.5192.6211.5

213.4203.2233.2254.4261.1

279.4319.9344.0365.7367.8

393.3416.0441.4450.4481.2

502.2521.1557.3588.8629.9

678.6738.7786.2860.8926.2

978.61,057.11,161.71,288.61,404.0

1,540. 31, 693.1

Con-stant(1972)

dollars

310.0

285.7266.3234.0227.0242.7

257.9292.3303.4299.7318.1

337.4384.6449.4527.3569.3

562. 6464.9468.5482.2495.1

522.9562.8594.2620.3615.8

647.1633.0679.4681.3714.0

732.4752.4791.0823.0867.1

914.6964.3995.7

1,043.11,068.2

1,071.0, 100.9,161.7, 218.5

L, 209.9

L, 212.0L, 266.2

GNPimplicit

pricedeflator(Index

numbers,1972=100)

32.87

31.8128.8925.6925.1327.27

27.8027.9429.2928.5928.40

29.1031.4934.8236.4137.13

37.9943.9349.7053.1352.59

53.6457.2758.0058.8859.69

60.9862.9065.0266.0667.52

68.6769.2870.5571.5972.71

74.3276.7679.0282.5786.72

91.3696.02

100.00105.80116.02

127.18133.88

Year-to-year percent change

CurrentdollarGNP

6.6

-12.3-16.1-23.4-4 .217.0

11.014.19.7

-6 .46.9

10.124.926.821.39.6

.9- 1 . 311.111.3- . 4

10.915.45.15.5. 0

9.05.45.21.48.4

4.03.47.75.56.9

8.29.45.89.17.7

5.08.2

10.111.68.1

8.211.6

Con-stantdollarGNP

6.6

-9 .4-7 .7

-13.8- 2 . 1

7.8

8.913.54.6

- 4 . 17.6

7.515.414.616.07.5

1.4-14.7- 1 . 8

4.1.6

8.78.13.83.9

- 1 . 3

6.72.11.8

__ o6.0

2.32.55.84.05.3

5.95.92.74.42.6

- . 33.05.75.5

-1 .4

- 1 . 36.0

GNPimplicitpricedeflator

0 0

—3 2—9 2

—11 1—2.2

8 5

1 9.5

4 8-2 .4_ 7

2 58 2

10 64.62.0

2.315.613.16.9

- 1 . 0

2.06.81.31.51.4

2.23.23.41.62.2

1.7.9

1.81.51.6

2.23.32.94.55.0

5.45.14.15.89.7

9.65.3

NOTE.—PCE = Personal consumption expenditures; CBI = Change in business inventories.



Table B.—National Income and Disposition of Personal Income[Billions of dollars]

Year

1929

19301931193219331934

19351936193719381939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651 9 6 6 . . . . .196719681969

1970197119721973

197419751976

Na-tional

income

84.8

73.858.642.439.948.7

56.564.372.366.071.3

79.7102.6135.7169.1181.9

180.6178.3194.6219.0212.7

236.2272.3285.8299.7299.1

328.0346.9362.3364.0397.1

412.0424.2457.4482.8519.2

566.0622.2655.8714.4767.9

798.4858.1951.9

1,064.6

1,136.01,217.01,364.1

Com-pensa-tion of

em-ployees

51.1

46.839.731.129.534.3

37.342.947.945.048.1

52.164.885.3

109.5121.2

123.1118.1129.2141.4141.3

154.8181.0195.7209.6208.4

224.9243.5256.5258.2279.6

294.9303.6325.1342.9368.0

396.5439.3471.9519.8571.4

609.2650.3715.1799.2

875.8930.3

1,036. 3

Proprietors' income withIVAandCCAdj.

Total

14.9

11.79.15.65.87.5

10.710.913.111.211.7

12.917.424.029.030.2

31.736.635.840.736.1

38.442.842.941.340.8

42.543.645.047.447.2

47.048.349.650.352.2

56.760.361.063.466.2

65.167.776.192.4

86.286.088.0

Farm

6.2

4.33.42.12.63.0

5.34.36.04.44.4

4.56.49.8

11.711.6

12.214.915.217.512.7

13.515.814.912.912.3

11.311.211.013.110.7

11.411.811.911.610.3

12.613.612.112.013.9

13.914.318.032.0

25 A23.218.6

Non-farm

8.8

7.45.63.53.24.6

5.46.67.16.87.3

8.410.914.317.318.6

19.421.620.623.223.5

24.927.028.028.428.5

31.232.433.934.336.6

35.636.437.738.742.0

44.146.748.951.452.3

51.253.458.160.4

60.962.869.4

Rentalincome

of personswith

CCAdj.

4.9

4.43.62.92.21.7

1.81.81.92.42.6

2.73.14.04.44.5

4.65.55.35.76.1

7.17.78.8

10.011.0

11.311.612.212.913.2

13.814.315.015.716.1

17.118.219.418.618.1

18.620.121.521.6

21.422.323.3

Corporate profits with IVA and CCAdj.

Total

9.2

5.91.3

—1.7-1 .7

1.0

2.64.95.63.85.3

8.714.119.323.523.6

19.016.622.229.126.9

33.738.135.435.534.6

44.642.942.137.548.2

46.646.954.959.667.0

77.182.579.385.881.4

67.977.292.199.1

83.699.3

128.1

Profitsbefore

tax

10.0

3.7- . 4

- 2 . 31.02.3

3.66.36.84.07.0

10.017.721.525.124.1

19.724.631.535.228.9

42.643.938.940.538.1

48.448.646.941.151.6

48.548.653.657.764.7

75.280.777.385.683.4

71.582.096.2

115.8

126.9123.5156.9

Profits after tax

Total

8.6

2.9- . 9

-2 .7.4

1.6

2.64.95.32.95.6

7.210.110.111.111.2

9.015.520.222.718.7

24.721.319.520.220.5

26.426.625.522.128.0

25.825.829.631.536.7

44.347.144.946.243.8

37.044.354.667.1

74.573.492.1

Undis-trib-uted

2.8

-2 .6-4 .9-5 .2-1 .6-1 .0

- . 2.4.6

- . 21.8

3.25.75.96.66.5

4.49.9

13.915.711.5

15.912.811.011.511.4

16.115.514.010.815.8

13.012.515.216.019.4

25.227.624.724.221.2

14.121.330.039.3

43.641.056.4

IVA

0.5

3.32.41.0

- 2 . 1- . 6

- . 2- . 701.0

- . 7

- . 2- 2 . 5-1 .2- . 8- . 3

- . 6- 5 . 3-5 .9- 2 . 2

1.9

- 5 . 0-1 .2

1.0-1 .0- . 3

-1 .7- 2 . 7- 1 . 5- . 3- . 5

.3

.1

.1- . 2- . 5

-1 .9- 2 . 1-1 .7- 3 . 4- 5 . 5

- 5 . 1- 5 . 0-6 .6

-18.6

-40.4-12.0-14.1

C CAdj.

- 1 . 3

- 1 . 0-.7- . 5- . 5- . 7

- . 8- . 7

-1 .2- 1 . 1-1 .0

- 1 . 1- 1 . 1-1 .0- . 8- . 2

- . 1-2 .7- 3 . 4-3 .9-3 .8

- 4 . 0-4 .6- 4 . 5- 4 . 1-3 .2

- 2 . 1-3 .0- 3 . 3- 3 . 4-2 .9

- 2 . 3-1 .8

1.22.12.8

3.83.93.73.73.5

1.5.3

2.51.9

-2 .9-12.2-14.7

Netinter-

est

4.7

4.95.04.64.14.1

4.13.83.73.63.6

3.33.33.12.72.4

2.21.62.12.12.2

2.32.73.03.44.3

4.85.26.58.08.8

9.811.212.814.315.9

18.521.924.326.830.8

37.542.847.052.3

69.079.188.4

Per-sonal

income

84.9

76.265.450.046.953.7

60.368.473.868.072.4

77.895.3

122.4150.7164. 4

169.8177.3189.8208.5205.6

226.1253.7270.4286.1288.2

308.8330.9349.3359.3382.1

399.7415.0440.7463.1495.7

537.0584.9626.6685.2745.8

801.3859.1942.5

1,052.4

1,154.91,253.41,382. 7

Less:Personaltax andnontaxpay-

ments

2.6

2.51.81.41.41.6

1.92.22.92.82.4

2.63.35.9

17.818.9

20.818.721.421.018.5

20.628.934.035.532.5

35.439.742.442.146.0

50.452.156.860.358.6

64.974.582.197.1

115.4

115.3116.3141.2150.8

170.3169.0196.9

Equals:DPI

82.3

73.763.548.645.552.1

58.466.270.965.169.9

75.292.0

116.5132.9145.5

149.0158.6168.4187.4187.1

205.5224.8236.4250. 7255.7

273.4291.3306.9317.1336.1

349.4362.9383.9402.8437.0

472.2510.4544.5588.1630.4

685.9742.8801.3901.7

984.61,084.41,185.8

Less:Per-sonal

outlays

79.1

71.161.449.346.552.0

56.462.867.564.967.8

72.081.889.4

100.1109.0

120.4145.2163.5176.9180.4

194.7210.0220.4233.7240.1

258.5271.6286.4295.4317.3

332.3342.7363.5384.0410.9

441.9477.4503.7550.1595.3

635.4685.5751.9831.3

913.01,004.21,119.9

EqualsPer-sonal

saving

3.1

2.62.1

- . 7-1 .0

.1

2.03.43.4.3

2.1

3.310.227.032.736.5

28.513.44.9

10.66.7

10.814.816.017.015.6

14.919.720.621.718.8

17.120.220.418.826.1

30.333.040.938.135.1

50.657.349.470.3

71.780.265.9

Savingas per-centageof DPI

3.8

3.53.3

- 1 . 4-2 .2

.2

3.45.24.7.4

3.0

4.411.123.224.625.1

19.28.52.95.73.6

5.36.66.86.86.1

5.46.86.76.85.6

4.95.65.34.76.0

6.46.57.56.55.6

7.47.76.27.8

7.37.45.6

DPI incon-stant(1972)

dollars

229.8

210.6201.7174.3169.7179.7

196.6220.7227.8212.8230.1

244.3278.1317.3332.2343.9

338.6332.4318.8335.5336.1

361.9371.6382.1397.5402.1

425.9444.9453.9459.0477.4

487.3500.6521.6539.2577.3

612.4643.6669.8695.2712.3

741.6769.0801.3854.7

842.0857.3890.3

NOTE.—IVA=Inventory valuation adjustment; CCAdj. = Capital consumption adjustment; DPI=Disposable personal income.



(Continued from page 31)

homes. Third, both monetary and im-puted rents were reduced by the intro-duction of the expense of interest onhome improvement loans. This interestexpense was reclassified from paymentsby consumers to business into netinterest, to make it conform to thetreatment of mortgage interest pay-ments by homeowners. In personalincome, the increase in interest incomewas offset by a corresponding reductionin the rental income of persons.

The net interest component of personalinterest income was also affected by statis-tical revisions. A revision of interest paidon home mortgages was based on informa-tion from the Census Bureau's 1970survey of residential finance, and arevision in interest paid by corporatebusiness was based on information fromIRS, regulatory agencies, and othersources.

Transfer payments.—Transfer pay-ments to persons is income for whichthey do not render current services.It consists of business transfer pay-ments and government transfer pay-ments. Government transfer paymentsinclude payments under the followingprograms: Federal old-age, survivors,disability, and hospital insurance; sup-plementary medical insurance; Stateunemployment insurance; railroad re-tirement and unemployment insurance;government retirement; workmen'scompensation; veterans, includingveterans life insurance; food stamp;black lung; supplemental security in-come (SSI); and direct relief. Govern-ment payments to nonprofit institu-tions, other than for work under re-search and development contracts, isalso included.

In addition to the definitional andclassificational revision that affectedworkmen's compensation, which wasmentioned earlier, transfer paymentswere affected by two other revisions.

First, retirement pay for Navy en-listed personnel was reclassified fromother labor income into a subcomponentof the military retirement portion oftransfer payments. This reclassificationwas made to conform the treatment ofthe payments to retirement pay ingeneral. Second, reimbursements toFederal, State, and local governmentemployees for depreciation on theofficial use of their autos were reclassi-fied from transfer payments to govern-ment purchases from persons.

Estimates of the $50 per person pay-ment made by the Federal Govern-ment to recipients of social security,railroad retirement, and supplementalsecurity income payments under theTax Reduction Act of 1975, wererevised on the basis of new data.

The estimation of several Federaltransfer programs was improved andchanged to reflect the reorganization ofthe programs. Previously, old age as-sistance, aid to the blind, aid to thepermanently and totally disabled, aidto families with dependent children, andgeneral assistance were estimated as atotal. This total has now been dividedinto three parts: A combination of thefirst three programs, aid to familieswith dependent children, and generalassistance. Starting in 1974, the com-bined programs were replaced by theSSI program, which has two majorseparately estimated parts: Basic Fed-eral payments and State payments. Theother two programs—aid to familieswith dependent children and generalassistance—continue to be estimatedseparately.

Also, separate estimates of unem-ployment insurance benefits paid underthe Railroad Retirement Act (in addi-tion to benefits received under the actby the retired, the disabled, and survi-vors) were introduced; estimates ofFood Stamp Act payments for 1961-71

were reworked on the basis of revisedUSDA data; and Southeast Asia refugeeassistance payments were added.

Contributions for social insurance.—Personal contributions for social insur-ance includes payments by employees,self-employed, and other individualswho participate in the following pro-grams: Federal old-age, survivors, dis-ability, and hospital insurance; supple-mentary medical insurance; State unem-ployment insurance; Federal- and State-administered workmen's compensation;railroad retirement insurance; govern-ment retirement; and veterans' lifeinsurance.

Newly available State informationmade it possible to prepare separateestimates of contributions for socialinsurance by civilian employees andmilitary personnel. Both componentsexclude contributions of persons sta-tioned abroad.

The residence adjustment

The residence adjustment was af-fected by the benchmark revisionchange in the treatment of borderworkers (U.S. residents working acrossthe U.S. border and foreign residentsworking in the United States). Thisrevision was incorporated into currentprocedures, which make State and localestimates of personal income reflect theincome of the resident population.

Change in industrial classification

The industrial classification under-lying the estimates of the types ofpersonal income for which there isindustrial detail was revised. This clas-sification is now based on the 1972Standard Industrial Classification (SIC);it replaces the 1967 SIC. Labor andproprietors' income estimates for 1975,on both the 1967 and 1972 SIC bases,are available on request from the Re-gional Economic Measurement Division.

U.S. GOVERNMENT PRINTING OFFICE : 1977 O—242-659


CURRENT BUSINESS STATISTICS

1HE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEYOF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.10) provides a description of each series, referencesto sources of earlier figures, and historical data as follows: For all series, monthly or quarter^, 1971 through 1974 (1964-74 for major quarterlyseries), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly datafor periods not shown herein corresponding to revised annual data are available upon request.

The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, andare also listed alphabetically on pages 187-88. 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 1974 and descriptive notes are as shown inthe 1975 edition of BUSINESS STATISTICS

1974 1975 1976

Annual totalII

1974

III IV

1975

I I I I I I I V

Seasonally adjusted quarterly

1976

I II III

totals at annual rates

IV

1977

I II r

GENERAL BUSINESS INDICATORS—Quarterly Series

NATIONAL INCOME AND PKODUCTf

Gross national product, totalf bil.$__.

Personal consumption expenditures, total..do

Durable goods, total? do . . .Motor vehicles and parts do . . .Furniture and household equipment do . . .

Nondurable goods, total 9 doClothing and shoes do.Food do.Gasoline and oil do.

Services, total 9 do.Household operation do.Housing doTransportation do.

Gross private domestic investment, total...do

Fixed investment do.Nonresidential do

Structures . doProducers' durable equipment do.

Residential do.Change in business inventories do.

Nonfarm do.

Net exports of goods and services do.Exports do.Imports do..

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

National defense do.State and local do.

By major type of product:fFinal sales, total. do.

Goods, total. do.Durable goods doNondurable goods do

Services do.Structures do.

Change in business inventories do.Durable goods do.Nondurable goods do .

GNP in constant (1972) dollars!

Gross national product, totalt bil.$._

Personal consumption expenditures, total..do

Durable goods doNondurable goods doServices do . . . ~

Gross private domestic investment, total...do

Fixed investment doNonresidential do . . .Residential 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

1,412.9

889.6

122.048.054.9

376. 365.3

189.836.4

391.356.1

136. 530.7

214.6

205.7150.654.596.2

55.18.9

10.8

6.0137.9131.9

302.7111.177.0

191.5

1,404.0629. 7240.8389. 0626.8147.4

1,217.8

760.7

112.5303.9344.3

183.6

175.6130.645.08.0

15.9

257.795.8

161.8

1,528.8

980.4

132.953.958.0

409.370.2

209. 539.1

438.264.2

150.8

189.1

200.6149.152.996.3

51.5-11 .5-15 .1

20.4147.3126.9

338.9123.383. 9

215.6

1,540.3697.7267.5430.2699. 2143.5

-11 .5- 9 . 2

1,202.1

775.1

112.7307.6354.8

141.6

151.5112.738.8

- 9 . 9

22.5

263.096.7

166.3

1,706.5

1, 094.0

158.971.963.9

442.776.3

225.541.4

492.373.0

167.936.8

243.3

230.0161.955.8

106.1

68.013.314.9

162.9155.1

361.4130.1

231.2

1,693.1750.9299.3451.6782.0160.2

13.34.19.3

1,274.7

821.3

127.5321.6372.2

173.0

164.5116.847.78.5

16.0

264.496.5

167. 9

1,400.1

879.2

122.147.955.0

372.165.4

186.036.6

385.055.4

134.630.5

219.9

207.0150.555.095.4

56.612.913.0

3.2134.2131.0

297. 8108. 975.8

188. 9

1,387.2622. 6240.5382.2614.5150.1

12.91.0

11.8

1,224.5

761.7

114.8303. 8343.2

189.8

180.6133.846.89.2

15.4

257.695.4

162.2

1,430.1

909.0

127.752.356.1

383.966.4

193. 838.0

397.457.2

138.231.1

210.7

208.4153.554.798.8

54.92.32.4

2.4140.6138.2

308.0113.077.9

195.0

1,427.8644.0248.2395. 8635.8147. 9

2.36.3

-4.0

1,216.9

766.6

115.6305.3345.6

176.6

174.6130.644.02.0

15.3

258.596.4

162.1

1,452.4

916.2

118.744.854.7

388.565.0

198.139.2

408.959.3

141.731.6

210.4

203.6153.255.697.5

50.56.8

10.7

8.2150.5142.3

317.5116. 979.6

200.7

1,445.5643.7241.3402.3656. 7145.1

6.812.2

- 5 . 4

1,199.7

752.9

104.3301.2347.4

170.6

163.8124.139.76.8

17.9

258.395.7

162.6

1,453.0

936.5

122.848.054.8

394.066.6

202. 638.2

419.761.4

145.131.6

175.1

197.1149.853.396.5

47.3-22 .0-25 .9

15.4147.4131.9

326.0119.681.6

206.4

1,475.0665.8250.6415.2670.5138.8

-22 .0-12 .8—9.2

1,169.8

756.9

106.2301.8349.0

133.0

152.9116.636. 3

- 2 0 . 0

20.5

259.496.0

163.4

1,496.6

965. 9

127.849.957.4

406.469.8

207. 939.1

431.763.7

148.531.6

171.2

196.3147.751.995.7

48.6-25 .1-26 .5

24.3142.7118.3

335.2121.883.0

213.3

1,521.7692. 9263.8429.1689. 5139.3

-25 .1-11 .7-13 .4

1,188.2

770.4

109.0308.4353.0

130.9

148.9112.036.9

-18 .0

24.5

262.396.5

165.8

1,564.9

995.1

136.756.558.7

415.071.5

212.139.1

443.465.3

152.432.2

205.4

200.5148.252.895.9

52.34.91.4

20.8146.9126.1

343.5123.884.4

219.7

1,560.0706.6

c 272. 5434.2708.4145.0

4.9- 2 . 1

7.0

1,220.7

780.2

115.4308.6356.2

153.1

150.2111.039.32.9

22.7

264.896.9

167.8

1,600.7

1, 024.1

144.361.361.0

421.973.0

215.439.8

457.966.3

157.233.2

204.7

208.4150.753.497.4

57.6- 3 . 6- 9 . 2

20.8152.1131.3

351.0128.186.7

222. 9

1,604.4725. 2283.1442.1728.3150.8

- 3 . 6-10 .3

1,229.8

792.8

120.2311.5361.2

149.2

153.8111.342.6

- 4 . 6

22.3

265.497.4

168.0

1,651.2

1,056.0

153.368.861.9

430.474.2

219.340.6

472.469.5

161.534.8

231.3

216.8155.454.7

100.8

61.414.515.9

10.2153. 9143.7

353.6127.686.3

225. 9

1,636.7730.0287.6442.4751.6155.0

14.5- 2 . 016.6

] ,256.0

807.2

125.4316.1365.6

168.1

158.4113.744.89.7

16.8

263.996.4

167.5

1,691.9

1,078.5

156.771.063.0

437.174.3

223.840.3

484.670.4

166.236.3

244.4

226.1159.855.8

104.0

66.318.320.4

10.2160.6150.4

358. 9128. 586.0

230.4

1,673.7743. 4294. 9448.5770.8159.4

18.37.0

11.2

1,271.5

815.5

126.6319.3369. 6

175.2

163.1115. 947.112.1

16.4

264.496.1

168.4

1,727.3

1,102. 2

159.372.163.9

444. 776.9

227.041.2

498.273.1

170.437.6

254.3

232.8164.956.0

109.0

67.821.522.0

7.9168.4160.6

363.0130.286.4

232.7

1,705.8754.5302.7451.8791.8159. 6

21.510.7

o 1 0 . 9

1,283.7

822.7

127.1321.5374.0

179.4

165.6118.547.113.8

17.0

264.696.7

168.0

1,755.4

1,139.0

166.375.766.5

458.879.9

232.043.5

513.978.8

173.738.7

243.4

244.3167.657.0

110.6

76.7- . 91.4

3.0168.5165.6

370.0134. 288.4

235.8

1,756.3775.6312. 0463.6813.8166. 9

- . 9.6

c-1.6

1,287.4

839.8

130. 7329.4379. 7

169.2

171.0119. 052.0

- 1 . 8

13.8

264.697.1

167.5

1,810.8

1,172.4

177.085.367.4

400. 079.3

237. 944.1

528. 880.7

177. 039. 5

271.8

258. 0177.057.9

119.2

81.013.814.1

- 8 . 2170. 4178. 0

374. 9130. 389.7

238. 5

1,797.0792.1320. 0405. 0833. 7171.2

13.87.80.0

1,311.0

850. 4

130. 9329. 7383. 8

180. 7

177.0124. 352. 79.7

10.0

203. 397.0

100. 4

1,809. 7

1,194. 0

178. 084.509.3

474.480.4

244.844.3

541.179.2

181.940.5

294.9

273.2182.401.0

121.4

90.421.722.4

- 9 . 8178.0187.8

390. 0143. 093.4

247.0

1,848. 0805. 4339. 5475.9855. 2187.5

21.711.510.2

1,330. 0

854.1

137.9330.0380.3

197.2

184.0120. 457.013.2

9.3

270.0101.1108.9

r Revised. P Preliminary. t Revised series. Estimates of national income and product*and personal income have been revised back to 1973 (see p. 16 ff. of the July 1977 SURVEY);

revisions prior to May 1976 for personal income appear on p. 28 of the July 1977 SURVEY9Includes data for items not shown separately. c Corrected

242-659 O - 77 - SIS-l


S-2 SURVEY OF CURRENT BUSINESS August 1977


1974 1975 1976

Annual total

1974

I I I I V

1975

I I I I I I I V

1976

I I I I I I I V

1977

I II III

GENERAL BUSINESS INDICATORS—Quarterly Series-

NATIONAL INCOME AND PRODUCTf—Con.

Quarterly Data Seasonally Adjusted at Annual Rates

Implicit price deflators:!Gross national product Index, 1979=100

Personal consumption expendituresDurable goodsNondurable goodsServices

Gross private domestic investment:Fixed investment

NonresidentialResidential.

Govt purchases of goods and servicesFederal... .. .State and local

National income totalt

Compensation of employees, totalWages and salaries totalGovt. and govt. enterprisesOther

Supplements to wages and salaries

dodododo

dodo

. . .do . . . .

do. . d o —

do

bil $

dododo .dodo

Proprietors' income with inventory valuationand capital consumption adjustments,total "Kil £

FarmNonfarm

Rental income of persons with capitaltion adjustment

do .. d o . - .consump-

hil $

Corp. profits with inventory valuation and capi-tal consumption adjustments, total bil. $__

Corp. profits with invent, val. adj.:Domestic total do

FinancialNonfinancial total 9

Manufacturing total QDurable coods

dododo

Transportation, communication, andelectric, gas, and sanitary serv...bil. $__

Rest of the world rin

Profits before tax, totalProfits tax liabilityProfits after tax

DividendsUndistributed profits

Inventory valuation adjustmentCapital consumption adjustment

Net interest

dodododo . . .d o -

do

. . do... .

DISPOSITION OF PERSONAL INCOME f

Quarterly Data Seasonally Adjusted at Annual Rates

Personal income, total . . . _.bil. $..Less: Personal tax and nontax paymentsEquals: Disposable personal incomeLess: Personal outlays©Equals: Personal saving §

dodo..dod o .

NEW PLANT AND EQUIPMENTEXPENDITURES

Unadjusted quarterly or annual totals:All industries "hil. $

ManufacturingDurable goods industries f

Nondurable goods industries *

NonmanufacturingMiningRailroadAir transportationOther transportation

Public utilitiesElectricGas and other.

C ommuni cat ionCommercial and other

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

ManufacturingDurable goods industries *iNondurable goods indu tries *

NonmanufacturingMiningRailroadAir transportationOther transportation

Public utilitiesElectricGas and other

CommunicationCommercial and other

dodod o -

dododododo_._-

dodo .do-.--dodo....

dodododo .. .

dododododo

dododododo. . -_

116 02116.9108.4123 8113 6

117.1115 3122.3

117 5115.9118.4

1,136. 0

875. 8764 1160. 0604.1111.7

86 225.460.9

21 4

83.6

76 914 462 536 61 1 5

5.69 6

126 952 474 531.043.6

-40 .4- 2 . 969.0

1,154.9170.3984. 6913 071.7

112 4046.0122.6223.39

66.393.182.542.002.12

20.5517.632.92

13 9622.05

127.18126. 5117.9133 1123 5

132.4132 3132.8

128.9127.5129.7

1,217.0

930.3805 7175.4630.3124.6

86 023.262.8

22.3

99.3

105.415.090.347 918 5

9.36.1

123.550.273.432.441.0

-12 .0-12 .2

79.1

1, 253.4169.0

1,084.41, 004. 2

80.2

112. 7847.9521.8426.11

64.823.792.551.843.18

20.1417.003.14

12 7420.60

133. 88133.2124.7137.7132.3

139. 8138.7142.5

136.7134.8137. 7

1,364.1

1, 036. 3891. 8187.2704. 6144.5

88.018.669.4

23.3

128.1

134.618.2

116.466.329. 9

11.58.1

156.964.792.135.856.4

-14 .1-14 .7

88.4

1,382.7196. 9

1,185.81,119.9

65.9

120. 4952.4823.6828.81

68.014.002.521.303.63

22.2818.803.47

13.3020. 99

1 !

117.52118.6110.5125.7115.0

119.3117.6124.6

119.2117. 2120.3

1,147.1

888.2774.5160. 7613. 8113.7

84.723.061.7

21.5

80.1

74.315.259.136.5

9.4

5.69.4

138.257.281.031.649.4

-54 .4- 3 . 672.6

1,174.3174. 6999. 7932.866.9

28.2311.625.655.96

16.61.80.64.43.58

5.204.42

.783 395.57

113. 9947.0423.0823.96

66. 943.272.681.842.16

20.1617.472.68

14 0122.84

121. 06121.7113.9129. 0117.7

124.3123.4127.0

122.9122.1123.4

1,159.9

902. 2785. 4166. 2619.1116.8

83.322.061.3

21.9

77.6

73.314.358.932.0

9.4

6.011.0

123.950.473.531.342.2

-39 .6- 6 . 774.9

1,194.7178.5

1,016.2940.375.9

31.9213.636.646.99

18.29.91.78.48.71

5.674.80

.873 785.97

116. 2248.0823.2824.80

68.143.563.051.812.71

20.9317.763.17

14.0422.04

124. 21123.7115.6130.6120.3

128.9128.5130.3

125.7124.5126. 3

1,156.0

904.6785.1169. 8615. 2119.6

78.918.360.6

22.1

74.0

77.215.162.129.4

9.0

5.36.0

101.540.860.832.028.8

- 1 8 . 3- 9 . 276.4

1,205.1179.6

1,025.4960.165.4

25.8210.845.105.74

14.98.91.59.44.62

4.423.84

.583.114.88

114.5749.0522. 8626. 20

65.523.762.392.092.82

20.2817.033.25

13.3620.82

125.96125.4117.2131.8122.3

131.8131.8131.7

127.8126. 3128.6

1,191.4

914.4792. 4173.7618. 6122.1

84.322.761.6

22.3

92.7

98.414.384.143.415.4

8.56.2

113.945.768.232.236.0

- 9 . 3-11 .9

77.6

1,234.7142.5

1,092.2989.1103.1

28.4312.155.596.55

16. 28.97.71.47. 77

4.944.15

.793.225.19

112. 4648.7822.5926.19

63. 683.782.701.602.75

19.5216.413.11

12.5020.83

128. 28127.5118.4134.5124.5

133.5133.6133. 2

129.7127.7130.9

1,244.9

936.7810.5176. 9633.5126. 3

90.426.764.2

22.2

115.6

122. 614.7

107. 959.625. 9

11.16.3

137.756.381.432.948.5

- 8 . 8- 1 3 . 3

79.9

1,269.7173.9

1, 095. 71,019.1

76.7

27.7911.675.166.51

16.12.94.62.50.85

5.074.16

.913.145.00

112.1647.3921.0126.38

64.763.822.752.122.99

19.7916. 583.21

12.9520.34

130.17129.2120.1135.5126. 8

135.5135.5135.4

132.3131.5132.7

1,275.7

965. 6834.9181.2653. 8130.7

90.425.564.9

22.6

114.7

123. 216.1

107.159.123.8

12.16.0

141.057.983.132.550.6

-11 .8-14 .5

82.3

1,304.0179.9

1,124.11, 048. 6

75. 5

30.7413.305.997.30

17.44.97.62.43.93

5.704.85

.853.265.52

111.8046.8221.0725.75

64.983.822.391.653.56

20.9117.923.00

12.2220.44

—Continued

131.47130.8122.2136. 2129.2

136.9136.8137.1

134.0132.4134.9

1,321.0

999. 6861. 5182.7678. 8138.1

86.920.066.9

23.0

126.5

132.417.8

114.665.327 2

11.18.6

153.563.190.433.656.8

-12 .4-14 .6

85.0

1,338.1184.8

1,153.3., 080. 9

72.4

25.8710.964.786.18

14.91.92.49.26.72

4.794.18

.622.924.82

114.7249.2121. 6327.58

65. 513.832.081.183.29

21.9118. 563.36

12.5420.68

133. 06132.3123.8136. 9131.1

138. 6137 8140.7

135.7133.7136.8

1,353.9

1, 024. 9882.4185.4697. 0142.5

90.421.668.8

22.9

129.2

136.118.1

118.068.732.5

12.17.6

159.266.193.135.058.1

- 1 5 . 5-14 .6

86.5

1,366.7192.6

1,174.11,103. 8

70.3

29.7012.665.617.05

17.04.99.68.42

1.02

5.504.74

.763.215.21

118.1250.6422.5428.09

67.483.832.641.444.16

21.8518.823.03

12.6220.94

134. 56134.0125.3138.3133.2

140. 6139.2144.1

137.2134.7138.6

1,379.6

1,046.5900.2188.2712.0146.3

86.216.270.0

23.3

133.5

139.818.4

121.368.431.0

12 28.4

159.965.994.036.058.0

-11 .7-14 .7

90.1

1,393.9200.6

1,193. 31,128. 5

64.8

30.4113.486.027.46

16.931.04.64.26.95

5.524.54

.983.335.19

122. 5554.7824. 5930.20

67.764.212.691.123.44

21.6718.223.45

13.6420. 99

136. 35135.6127.2139.3135.4

142.9140.9147.5

139.8138.2140.7

1,402.1

1, 074. 2923.2192.5730.7150.9

88.716.672.0

24.1

123.1

130.218.4

111.862.929.0

10 47. 7

154.863.990.938.452.5

-16 .9-14 .8

92.0

1,432.2209.5

1, 222. 61,166. 3

56.3

34.5215.387.278.12

19.141.05

. 7n

.35

.94

6.465.341.123.845.78

125. 2254.4425.5028.93

70.784.132.631.413.49

23.4619.493.96

14.3021.36

138.13137.9129.3141. 5137.8

145. 8142.5153.7

142.3140. 6143.4

, 450. 2

, 109.9951. 3194. 8756. 4158.6

95.120.774.3

24.5

125.4

131.019.2

111.865. 231.5

11 610.1

161.764.497.238. 558.8

-20 . 6-15 .6

95.3

1,476.8224.4252 4

1,201.051.-4

29.2012.525.806.72

16.681.02.59.33.61

5.554.78. 77

3.305.27

130.1656. 4326. 3030.13

73.744.242.711.622.96

25. 3521.194.16

14.1922.67

140.51139.8129.5143.8140.1

148.5144.4157.6

144.6142.0146.2

1,505.1

1,144. 7980.9197.2783.6163.8

97.019.777.3

24.9

139.7

128.919.7

109.1

10.9

173.469.3

104.140.363.8

-17.8-15.9

98.9

1,511.2224.8

1,292.51,223.9

68.5

i 33. 7914.636.578.06

19.161.14.71.46.62

6.465.321.14

2 9.77

1134.4658.6226.4232.20

75.844.422.691.522.39

25.6521.094.56

2 39.16

i 33. 9915.296.958.35

18.701.12.59.45.64

6.485.331.15

2 9. 42

1136.9161. 7728.3033.46

75.144.542.371.942.43

25.7221.584.14

2 38.14

r Revised. p Preliminary. i Estimates (corrected for systematic biases) for Apr.-June 1977 and July-Sept. 1977 based on expected capital expenditures of business. Expectedexpenditures for the year 1977 appear on p. 20 of the June 1977 SURVEY. 2 Includes com-Trmrnrntinn fgee corresponding note on p. S-l. 9 Includes data for items not shown

©Personal outlays comprise personal consumption expenditures, interest paidmunicationseparately.

by consumers to business, and personal transfer payments to foreigners (net).§Personal saving is excess of disposable income over personal outlays.HData for individual durable and nondurable goods industries components appear m the

Mar., June, Sept., and Dec. issues of the SURVEY.


August 1977 SURVEY OF CURRENT BUSINESS S-3

Unless otherwise stated in footnotes below, datathrough 1974 and descriptive notes are as shown inthe 1975 edition of B U S I N E S S S T A T I S T I C S

1974 1975 1976

Annual total

1974

11 I I I I V

1975

1 I I I I I IV I

1976

I I I I I IV

1977 P

I I I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued

U.S. INTERNATIONAL TRANSACTIONS

Quarterly Data Are Seasonally Adjusted( C r e d i t s + ; debits - )

Exports of goods and services (excl. transfers undermilitary grants) _. . . . . . . mil. $

Merchandise, adjusted, excl. mi l i t a ry . . . . . . d o .Transfers under U.S. military agency sales con-

tracts mil $Receipts of income on U.S. assets abroad doOther services do

Imports of goods and services _. _. doMerchandise, adjusted, excl. military doDirect defense expenditures doPayments of income on foreign assets in the

U.S mil. $Other services do

Unilateral transfers (excl. military grants), netmil. $ . .

U.S. Government grants (excl. military) doOther - - - - - . . - . do

U.S. assets abroad, net doU.S. official reserve, net . . . - - . . . . doU.S. Gov't , other than official reserve, ne t . . .doU S private net do

Direct investments abroad do

Foreign assets in the U.S., net doForeign official, net doOther foreign, net do

Direct investments in the U.S _. . . do

Allocation of special drawing rights doStatistical discrepancy. . - . . . do

Memoranda:

Balance on merchandise trade doBalance on goods and services doBalance on goods, services, and remittances. .doBalance on current account do

Unless otherwise stated in footnotes below, datathrough 1974 and descriptive notes areas shown inthe 1975 edition of BUSINESS STATISTICS

138, 30398, 30G

2,95219, 70317,281

-130,143-103,073

—5 035

-11,019—10, 410

-7,188- 5 , 475-1,714

-27,029-1,434

305-25,900-1,308

33, 01210,98122, 031

3, 095

— 1, 555

- 5 , 3072,100

447-5,028

1975

147,000107, 088

3,91917,33019, 203

-131,430- 9 8 , 043

—4, 795

-11,370— 17,221

- 4 , 012-2 ,893-1,719

- 3 1 , 548-007

- 3 , 403-27 , 478-0,204

14, 3300, 9007, 3701,414

5,000

9,04510,10414,44411,552

1976

Annual

103,271114,700

5 21321, 30921, 990

-159,571-123,917—4 847

-11,501-19 247

- 5 , 023-3,140-1,878

-42,959-2,530- 4 , 213-30,210-4,590

34,52017,94510, 5752,170

9, 703

-9,2173, 0991,822

-1,324

June

33, 00424,212

0834, 5554,214

-33,805-25,090— 1 298

—2 720—4 085

-1,850-1,399

-451

- 7 , 771-358

207-7,080

757

9, 5974, 0484,949

200

100

-1,484-141-592

-1,991

July

35, 29025, 033

7815,1084,374

-35,028-27,374— 1,205

-2,877-4,112

-1,203-811-452

- 5 , 089-1 ,003

-354- 4 , 332-2,379

8,7923,1495, 0421.211

-1,507

-2,341—332-784

-1,595

Aug.

37, 00820, 001

8505, 5844, 033

-30,713-27,99(5— 1 319

- 3 , 029—4 309

-1,098—000-438

-10,023137

-937- 9 , 223-2,980

9,1024, 2504,900

759

1, 004

-1,395955517

-143

1976

Sept.

30,90727, 018

9244, 2834, 082

-34,199-25,5(53— 1 317

- 3 , 052—4 2(57

-1,195-753-442

- 8 , 749-325-874

-7,550-2,193

2,4433,452

-1,00993

4,793

1, 4552,7082,2001,513

Oct.

35,71925,851

8744, 3004, 088

-30,088-22,500—1,185

—2 799—4,138

-1,110-718-392

-7,881- 2 9

-807-0,985- 2 , 292

3, 0032 2791, 384

520

297

3, 2855, 0314,0393,921

Nov.

30, 78020, 502

9574, 4034, 858

-32,045-24,483— 1,090

- 2 , 784—4,282

-1,070-017-453

-3,081-342-745

-1,994527

2, 410-1 ,003

4, 019-342

- 2 , 400

2,0794,1353, 0823,005

Dec.

38,19527, 057

1,1044, 3385, 030

-33,900-25,431-1,198

- 2 , 741—4, 530

-1,238-805-433

-11,83089

—977-10,948-2,300

5, 8142, 8322,9821,137

2,971

2, 2204, 2893, 8503,051

Jan.

38, 58920, 998

1,0955, 2985,198

-37,020-28,324-1,100

-2,801—4, 075

— 1 029-544-485

-10,751-773-723

- 9 , 254-2,427

0, 8503,8473, 009

709

3,355

-1,3201,5091,084

540

Feb.

40, 23028, 379

1,1895,1075, 501

-38,091-29,914-1,228

- 2 , 887- 4 , 002

-1,015-550-459

- 9 , 779-1,578

-944- 7 , 257

-142

7, 3854, 0513, 333

504

1,805

- 1 , 5351, 5451, 08(5

530

Mar.

42,19029, 003

1,4725, 4835,038

-41,297-32,387-1 ,237

- 2 , 810-4 ,857

-1,930-1 ,475

-401

-8 ,409-407

-1 ,405— 0,597-1 ,205

8,2013,0705,131

501

1,244

- 2 , 784899438

-1 ,037

1977

Apr.

42, 25229, 720

1,4575, 4215, 054

-42,507-33,292-1 ,222

- 2 , 997—5, 050

-1 ,045-572- 4 7 3

-14,022228

-1 ,142-13,108

-822

12,0790, 9775,102

403

3,303

- 3 , 572-315-788

- 1 , 300

May

42, 09329, 470

1, 4320, 0075, 718

-45,805

30,521

-30,450 — 38,315- 1 , 3 5 0 :

-2 ,897 ! _'_-5 ,102

-1 ,145-027-518

451-388 !-8951, 734-532

3, 0075, 852

-2 ,785 1827

799

—0,980-3 ,172— 3,090-4 ,317

-7 ,794

June July p

GENERAL BUSINESS INDICATORS—Monthly Series

PERSONAL INCOME, BY SOURCEf

Seasonally adjusted, at annual rates:fTotal personal income bil. $__

Wage and salary disbursements, total doCommodity-producing industries, total-do

Manufacturing doDistributive industries do

Service industries doGovt. and govt. enterprises do

Other labor income doProprietors' ineome:A

Farm doN on farm ' do

Rental Income of persons, with capital con-sumption adjustment bil. $

Dividends doPersonal interest income doTransfer payments . . doLess personal contributions for social insurance bil. $.

Total nonfarm income do

FARM INCOME AND MARKETING}:

Cash receipts from farming, including Governmentpayments, totalf mil $

Farm marketings and CCC loans, total doCrops doLivestock and products, total 9 -- do

Dairy products doMeat animals doPoultry and eggs . do

Indexes of cash receipts from marketings and CCCloans, unadjusted:t

All commodities 1967-100Crops doLivestock and products . do

Indexes of volume of farm marketings, unadjusted:JAll commodities 1907 = 100..

Crops.. doLivestock and products do. . .

1,253.4

805. 7275 0211.0195.4

159 9175.4(54 9

23.202 8

22.332 4

115.0170.850.4

1,218.8

r 88,884

88, 07745,05343, 0249 909

25,8186, 791

'206r 244

176

'153r 184

106

1,382.7

891.8308. 5238. 2217.1

179 0187.275.9

18 609. 4

23 335 8

130 3192. 855.2

1,351.3

r 95,038

94,32647 93746, 38911,4'>527 1887,192

i- 220r 260r 190

121r 134»• 1 1 1

1,372.7

885. 5308. 0237. 7213. 0

177 5180.4

75. 5

21 408. 7

22 530 6

128.8188.5

54. 91,338.5

r7,313

7, 2943, 3563,938

9682, 296

623

* 204r218r 194

••108r 107r 108

1,386.2

894. 5310. 0238. 7218.4

178 8187.370.4

18 209. 4

23 235 8

130. 4193. 755.4

1, 355.1

r 7, 709

7, 6693, 9633, 706

9692,052

639

r215r 258'182

r 112r 122r 105

1,393.7

899. 8309. 5239. 9220. 7

181.5188.277.3

15 070.1

23.330 0

132 2194. 9

55. 01, 305. 0

T 7, 633

7, 5623, 7623, 800

9682,129

659

r 212r 245r 187

' • l ier 126r 109

1,401.8

900.1313. 0242. 1221.5

182.0189. 078.1

14 070.5

23. 430. 3

134.1194. 555. 9

1, 374. 0

'8 ,116

8, 0604,1923,868

9272, 250

649

7-226T-273r 190

T- 125T- 141T-115

1,414.2

914. 0313. 4241.4224.2

184 9191. 5

79.1

15 370.8

23. 930. 7

135. 2195. 5

50. 11,385.5

r 10, 8°5

10, 7566, 6214,135

9392, 526

627

'•301r 431

r 204

T- 170T- 229

129

1,432.1

923. 9318.5245. 8220. 1

180. 0192. 780. 0

10 472.1

24.137.2

130. 4198. 4

50. 71,402.1

T- 10, 089

9, 9996,1663,833

901•> 291

601

T- 280T-401r 189

T-162

r 2'>1r 121

1,450.2

931. 7321.1248.2228. 9

188 4193. 3

81.0

18. 173.2

24.441.2

137. (5200. 0

57. 01,418.5

r 8, 739

8,6084, 7873,821

9392 223

604

T- 241T-312

' 1 8 8

T-135r 166T- 114

1,454.3

937. 3320. 5250. 3231. 4

191. 4194. 082.1

19. 072.5

24.437. 9

139.0200. 5

59. 01,421.1

T-8 ,175

8,0784,4033, 615

9432, 064

565

r 2 9 6T- 291'178

r 127T-153r 107

1,477.0

951.7328. 7255. 3235. 5

192. 7194. 8

83.2

21.074.4

24. 038.5

140. 3203. 0

59. 01,442.4

r 0, 833

0, 7333, 0533, 680

8792,181

579

T- 189T- 199T - 1 8 1

r 104T- 102T- 106

1,499.1

904. 9337. 0200. 7230. 8

194. 9195. 0

84.4

21. 770. 0

24.039. 0

141.82015. 9

00. 21,403.7

7- 7, 007

0,9022, 9513, 951

9822, 309

620

7- 193T- 192T- 194

7-104T- 90

7- 115

1,510.1

974.1341.7202. 8239. 0

190. 4190.4

85. 5

21.470.9

?4 039. 3

143. 5200. 0

00. 61,475.(5

T- 0, (514

0,500'? 7453,812

9962,211

583

T - 1 8 4T- 177T- 189

7-99T - 8 1

7- 110

7-1,517.3

982. 0345. 32011. 2241.1

198. 3197.2

80. 7

9] 277.4

25.339. 0

145. 2202. 9

00. 91,484.2

T- (5, 721

0, 0902, 7503, 9161,0122, 268

582

T- 188T- 179T- 194

T- 99T - 8 1

7- 111

T - 1 , 5 2 4 . 3

T- 980. 5T - 3 1 9 . 1r 208. 7T- 210.9

T- 198. 1198.187.9

r 18. 4r 77. 0

T- 25. 0•11.9

M17.4T- 200. 0

01.0T-1,191.0

7, 123

7, 0993,1163, 9831,0062, 320

602

199203196

113110115

1,530.0

991.9350. 4209.8212. 7

199. 9199.089.1

10.577. 4

21.712.0

119. ]200. 5

01.41,505.1

7, 1003, 1O03, 7001,0002 100

000

198218183

113120103

r Revised. P Preliminary. fSee corresponding note on p. S-l. AIneludes inven-tory valuation and capital consumption adjustments. iSeries revised beginning 1973;

revisions for periods prior to May 1976 are available from the U.S . Dept . of Agr., EconomicResearch Service. 9 Includes data for items not shown separately.




1975 1976 p

Annual

1976

June July Aug. Sept. Oct. Nov. Dec.

1977

Jan. Feb. Mar. Apr. M a y June v July «

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION^

Federal Reserve Board Index of Quantity Output

Not Seasonally Adjusted

Total index 1967=100.

By market groupings:Products, total do...

Final products do...Consumer goods do...

Durable consumer goods do...Nondurable consumer goods._ ..do..-

Equipment do...Intermediate products do.-.

Materials do. -.By industry groupings:

Mining and utilities do...

Manufacturing doNondurable manufactures do

Durable manufactures do

Seasonally Adjusted

Total index 1967=100..

By market groupings:Products, total do

Final products doConsumer goods doDurable consumer goods do..

Automotive products do..Autos and utility vehicles do_.Autos do_.

Auto parts and allied goods do..

Ilome goods do.Appliances, air cond., and TV do.Carpeting and furniture do.

Nondurable consumer goods do..Clothing do.Consumer staples do.

Consumer foods and tobacco do.Nonfood staples do.

Equipment do.Business equipment do.

Indiistrial equipment 9 do.Building and mining equipment, .do.Manufacturing equipment do.

Commercial, transit, farm eq. V do.Commercial equipment do.Transit equipment do.

Defense and space equipment do.

Intermediate products do..Construction supplies do..Business supplies do..

Materials do..Durable goods materials9 do..

Durable consumer parts do..Equipment parts do.

Nondurable goods materials9 do..Textile, paper, and chemical do.

Energy materials do..

By industry groupings:Mining and utilities do.

Mining do.Metal mining do.Coal do.

Oil and gas extraction 9 do.Crude oil do.Natural gas do

Stone and earth minerals do

Utilities do.—Electric do

Manufacturing do..Nondurable manufactures do..

Foods 9 do_.Meat products do..Dairy products do..Beverages do..

Tobacco products do.Textile mill products do.Apparel products do.Paper and products do.

Printing and publishing do...Chemicals and products do...

Basic chemicals do.. .

Petroleum products do.._Rubber and plastics products do...Leather and products do...

117.8

119.3118.2124.0121.4125.1110.2123.1115.5

128.5

116.3126. 4109. 3

119.3118.2124.0

121.4125. 9113.7101.1156.6

118.898.0

126.8

125.1111.6128.8122.8135.8

110.2128.2121.2168.399.9

136.3157.8101.9

80.0

123.1116.3129.8

115. 5109.197.7

118.9126.6129.0117.2

128. 5112.8115.8113.4

113.394.9

111.0107.0

146.0160.8

116.3126. 4123.4102.6109. 3145.8

111.8122.3107.6116.3

113.4147.3136.0

124.1166.776.5

129.8

129.3127.3136.8141.5134.9114.3136.8130.5

131.9

129.4141.0121.4

129.8

129.3127. 3136.8

141.5154.8149. 9132. 0167.2

134.1115.8144.1

134.9126.9137.2130.8144.6

114.3136.1127. 9177.4106.4

145.5173. 2103.8

77.9

136.8132.0141.5

130.5126.6121.6133. 9146.4151. 2120.3

131. 9114.1122.8116. 9

112.092. 2

109. 1118.3

151.7

129.4141.0132. 0111.2113.8156.8

117.2135. 9126.1133.1

120.7169.4158.5

132.7199. 882.0

133.2131.3142.6151.8138. 9115.6140.1133. 9

130.1

133.8145.5125.8

130.1

129.5127.6137.8

144.2156.6156.6137.5156.9

137.4123.8142.5

135.1127. 9137.1130.8144.5

113.8135.0127.4174. 9106.5

143.8171.4102.9

135.9131.8140.1

131.1127.0123.1134.0147.5151.8120.6

131.9114.4118.3122. 7

112.392.5

113.0116.5

151.2167.2

130.2141.3130.5107.8112.3153.4

115.4138.1126.8139.1

119.7170.0159. 8

135.1189.184.0

126.0

126.0123.3130.9125.3133. 2112.9136.2126.0

131.1

125.8137.0118.1

130.7

129.8127.6136.8

141.8155. 9155. 9135.0156.0

133.8110.3142.0

134.8126.3137.2131.4143.9

114.9136. 9127.5176. 9107.2

147.7174.1107.6

78.0

137.6133.1142.1

132.2130.6126.1136.3146. 0150.5119.5

130.6112.5121.6101.8

112.092. 0

112.7116.5

150.8167.2

131.0141.1131.8109. 8113.6162. 2

114.5136.8125.6132. 0

122.0167.6156. 2

134.1191. 281.1

131.7

131.9129.1139.8134.2142.1114.5142.0131.7

136.7

131.3145.4121.6

131.3

130.3128.3137.5

143.7158.4158.2137.7158.4

135.6119.1145.0

134.9123.2138.1131.9145.3

115.7137.7128.1179. 8107.2

148.7176.2106.6

78.6

137.8134.1141.5

133.0131.4125.1138.0146.1150.6120.5

131.8114.4127.5112.6

112.391.9

109. 9119. 0

151.3168.5

131.6140.9133.4117.0114.4163.6

114.8135.1123.7134.6

120.6170.4160.5

133.8186.177.3

134.6

135.9133.5144.7143.2145.3118.0145.1132.5

134.4

134.6149. 3124.4

130.8

129.7127. 4136. 2

138.4147.4139.1120. 9168.6

133.3111.4146.3

135.3123.0138. 7133.0145.4

115.2 .137.5 I129.8180.4108.6

146.1176.899.3

77.7

138.7134.3143.0

132.5130.0123. 5138.3147.8152.6119.6

131.9115.7123.6121.3

113.393.2

107.7119. 2

150.1

130. 7142.6135. 7117.3115.4162.5

115.4135.7122.5132.1

120.6170.5162.2

134.1212.477.9

: 134. 0

' 134. 6• 132. 2: 143. 8

149. 3• 141.6

116. 3143.4133.2

130. 9

134. 5; 148. 7124. 6

: 130. 4

129.6; 127. 4: 136. 9

139. 4148.8137. 9121.5176.6

134.1115.8147.0

= 135.8• 125. 9

138. 5133.2144.8

114.4' 135. 9• 129. 9

180. 9• 107. 9

142.7177. 598.3

138. 3134.0142.5

131.6128. 5119.4138.0147.5152.5119. 6

133.1116.7127.4132.3

112.591.4

109. 4120.0

151.2

: 129. 9142.0134. 7116.0114.7163. 4

118. 3134. 2

*- 126. 4132.3

119. 2170.6158. 9

130.2211.1

132.2

132. 0: 129. 9138. 5147.2135. 0118. 0139. 7132.5

131.1

• 132. 3143. 9124. 3

131.8

131. 7129. 8139. 1

143.7161.6154. 6139. 1179. 3

133. 8115.3143.6

137.1: 126. 4140.0132. 5149. 0

116.9140. 2131. 3181.5109. 9

150.5179. 7107.6

138.8135.7141.7

131. 9128. 5126.2137. 2

: 147. 2151. 3121. 7

134. 1116.2128. 1125. 1

112.491.2

108.4121.4

154. 0

: 131. 9143. 5134.7115. 9116.3156.2

128.1

127.0125.3131.5137.8129. 0116.7133.4129. 7

135.1

127.1136.0120. 9

133.1

: 133. 8• 132.1142. 0

151. 2180.4180.1159. 8181.7

134. 9111.7144.7

138. 4126. 4141.7

; 132. 8151. 8

118.4143. 2

: 133. 5187.4

: 110. 7

154.4185. 3109.1

77.4

139. 8135. 5144.2

131. 9128. 3124.7138.8146.2150.6123.1

134.8116.2130.4125. 9

112.891. 5

110.5117.9

155. 5

132. 8143. 7134. 3112. 0115.9156.4

119. 7 119.1132. 2 c 133. 3

• 125. 9 c 128. 0132.5 131.8

119.3174. 2161.4

135.8215. 7

75.8

123.1173. 5159. 7

138. 9212. 3

73.4

128.4

128.2127.1135.2142.2132.4116.0132.5128.8

139.0

127.1137.2120.2

132.1

133.1130.8140.2

145.1164.0155.8136. 9184. 9

134.6113.4142.7

138.3124.2142.2132. 9153.1

117.8142.0131.4187. 9107.8

154.5185.2108.4

141.8136.1147.3

130.7126.8121.5135.1144.6148.8122.6

136.1113.2135.695.3

112.089.7

109. 5121.6

161.5

131.5143.7135.5109. 9115.7161.1

114.8131.8123.6130.6

124.3172. 0155. 5

133.6

133.1131.7140.4150. 9130. 2119.7138.1134.6

133.0143.7125.6

133.2

133.9131.8141.0

146.1161. 8152.7132.8184.5

137.3118.5145.9

138.9124.2142. 9135.4151.6

119.0143.1133.2192. 9108.5

154. 6185.2108.7

141.8135.7147.8

132.4128.0124.1137. 3150.3154.2120.8

130. 4110. 5132.3100.8

115.891. 3

112.8124. 9

158.8

132. 9145.7137.1117.6116. 1161. 1

117.0133. 0125. 2136.5

122.4175.1102.1

141.0 145.4218. 7 220. 474. 8 75. 0

135.9

134.6133. 0142.6156. 7137. 0119.7140. 5137.5

135.7146. 0128.7

135.2

134. 9133. 0142. 8

152. 4178. 3176.1155. 8184.1

137. 9124.1144.6

139. 0124. 0143. 3136.5151.1

119.7144. 5133. 9195. 9109. 0

156.6186.1113.0

78.3

141. 9136.4147.4

135. 5132. 1126. 8137. 8153. 1158. 2121.7

136.2120.2133. 8124.1

117.090. 7

112.0126. 1

154. 2

135. 2147. 0138. 5118.7116.5168. 3

115.3133. 1123. 5135. 5

124. 3179. 0167.7

145.1225. 673.8

130. 2

135. 3133. 1141.9155. 0130. 4120. 9143. 4137.7

131.7

130. 7147.1129. 0

130. 2

136.1134. 3143.3

151. 7174.8171.2150.0184. 0

138. 5120. 3143. 8

140.0123. 4144. 0138. 0152. 2

159. 2189. 7114.5

135.2Hi). 2127.7118.4

153. 1

130. 0147. 8139.9114.4116.8109. 8

112.1135. 4123. 8130. 5

137.4

130. 2133. 8142. 5150. 8136.9121.7145. 1139. 3

132. 0

138.0148.4130. 8

152.4172.8107.4148. 5180. 0

123.1148.8138. 5205. 4112.0

100. 9191.1115.4

137. 4149. 1139. 8111.3110.0172.8

105. 2130.0125. 2140. 0

141.9139. 7149. 0103. 5144. 0120.114<). 8141.0

137. 9

142. 3153. 4134.5

138.3

138. 013(1.1144.4

141.8132. •)149. o

140. 3

124. 5150. 8139.4200.2114.2

104.0194. f>118.9

80.2

145. 4140. 2150. 5

138. 8130.4133. f)141.1)155. 1100.(.)124. 3

139. 1122.3119.0133.0

138. 3149. 313'.). 5114.3115.5109. 2

131),

123.4 124.4 123.9180.0 182.0 182.5101). 3 | 100. 5 108.2

115. 1 j 144.1 | 142.5220.0 I 232.4 i 23."). 1

74. 7 i 70. 1 75.0

134.7

133. 7145. 7125.4

139.0

100. 7190. 0123. 0

138. 8149.0

139. 8

124.0

r Revised. P Preliminary. e Estimated. cf Monthly revisions back to 1967 wishown later. 9 Includes data for items not shown separately. c Corrected.

.11 be N O T E F O R P. S-5:©Revised back to Jan. 1975 to reflect corrections in reporting errors in the machinery in-

dustry, and corrections in classiiications in the aircraft and machinery industries; revisionsprior to Apr. 1976 are available from the Bur. of the Census, Wash., D.C. 20233.



Unless otherwise stated in footnotes below, datathrough 1974 and descriptive notes a r ea s shown inthe 1975 edition of BUSINESS STATISTICS

1975 1976 p

Annual

1976


1977

Jan. Feb. Mar. Apr. May June p July •


INDUSTRIAL PRODUCTION*—Continued

Federal Reserve Board Index of QuantityOutput—Continued

Seasonally Adjusted—Continued

By industry groupings—ContinuedManufacturing—Continued

Durable manufactures 1967 = 100..Ordnance, pvt. and govt doLumber and products do

Lumber do

Furniture and fixtures do.Clay, glass, and stone products do.Primary metals do.

Iron and steel do.Basic iron and steel do.Steel mill products do.

Nonferrous metals do.

Fabricated metal products do.Nonelect rical inachinery do.Electrical machinery do.

Transport at ion equipment do.Motor vehicles and parts do.Aerospace and misc. trans, eq do.

Instruments do.BUSINESS SALES §

Mfg. and trade sales (unadj.), totalf© mil. $..

Mfg. and trade sales (seas, adj.), totalf© do....

Manufacturing, totalt© doDurable goods industries doNondurable goods industries© do

Retail trade, totaled doDurable goods stores doNondurable goods stores do

Merchant wholesalers, total doDurable goods establishments doNondurable goods establishments do

BUSINESS INVENTORIES §

Mfg. and trade inventories, book value, end of yearor month (unadj.), totalf mil. $..

Mfg. and trade inventories, book value, end of yearor month (seas, adj.),totalf mil. $..

Manufacturing, totalf doDurable goods industries doNondurable goods industries do

Retail trade, totalA doDurable goods stores do.Nondurable goods stores do_

Merchant wholesalers, total do.Durable goods establishments do^Nondurable goods establishments do_

BUSINESS INVENTORY-SALES RATIOS

Manufacturing and trade, totalf® ratio.

Manufacturing, totalf© do_Durable goods industries! do_

Materials and supplies do_Work in process do.Finished goods do_

Nondurable goods Industries!© do.Materials and supplies do_Work in process do.Finished goods do.

Retail trade, totaled A do . . . .Durable goods stores doNondurable goods stores do

Merchant wholesalers, total doDurable goods establishments doNondurable goods establishments do

MANUFACTURERS' SALES, INVENTORIESAND ORDERS

Manufacturers' export sales: ODurable goods industries:

Unadjusted, total mil. $Seasonally adj., total __do

Shipments (not seas, adj.), totalf©. . . . . d o . . . .

109.376.6

107.693.9

118.2117.996.495.892.999.597.5

109.9125.1116.5

97.4111.184.5

132.3

2,070,133

12,070,133

1,046,710526, 950519, 760

1 584,423180, 725403, 698

1 439,000185 922253, 078

274,363

275,484

155,693100,31055,382

74,67634,47440,202

45,11527,47617, 639

1.60

1.802.34

1.512.231.18

1.241.79.84

50,510

54,7772,7398,3184,2753,139

Durable goods Industries, total 9 f . . d oStone, clay, and glass products _ . . . . doPrimary metals ~ ~~do[~~~_

Blast furnaces, steel mills doNonferrous and other p r imary met do

r Revised. v Prel iminary. « Est imated. > Based on data not seasonally adjusted.Advance estirrate; total mfrs. shipments for June 1977 do not reflect revisions for selected

coinronents . \ See note i ra rked "d" on p . S-4. §The term "business" here includesonly iranufaeturing and trade; business inventories as shown on p . S-l cover data for alltypes of producers, both farm and nonfarm. Unadjusted data for manufacturing are shown

1,046,710

526,95027, 31478, 95940, 21030,081

121.471.7

125.1105.8

132.8135.8108.0104.4100.3108.9114.4

123.3134.7131.7

110.6140.782.2

148.2

2,312,634

12,312,634

1,178,205604, 706573, 499

1651,884214,169437,715

M82.549210, 864271,685

298,806

299,123

166, 587105,72960,858

82,40538, 22444,181

50,13130,22419,907

1.642.04

1.23

1.462.031.18

1.201.66.83

60,547

1,178,205

604,70630,43588,82645,13734,110

122.373.1

120.397.8

130.1136.1111.5110.0107.9119.9113. 9

124.0133.5132.0

112.6146.580.7

149.5

201,448

193,360

98, 59750, 60647,990

53,98317,80336,180

40,78017,61523,165

288,360

289,138

161,118102,42958, 689

79,37535,86343,512

48,64529,43019,215

1.632.02

1.22

1.472.011.20

1.191.67.83

5,4775,344

103,803

124.274.0

124.6106.8

131.6137.2116.9115.3111.0121.8119.9

124.6135.0131.0

113.3148.580.3

151.3

187,647

193,302

98,93251, 09047,842

53,75417,69936,055

40,61617,45723,159

288,329

290,866

162,144102,85659, 288

79,91736,52343,394

48,80529,58519,220

1.50

1.642.01

1.492.061.20

1.201.69.83

4,7295,169

91,832

46,3592,4737,1103, 6892, 726

125.173.9

128.1111.3

134.4138.1118.6116.2111.6120.9123.0

125.8136.4135.3

115.0150.681.5

149.6

193,401

194,302

99,07851, 64847, 430

54,64318,20836,435

40,58117,92622,655

288,488

293,308

163,184103, 28259,902

81,11837,51543,603

49,00629,53319,473

1.652.00

1.482.061.20

1.211.65

4,9215,412

97,940

49,8102,7497,5773, 7992,963

122.473.2

128.7106.5

133.0138.4114.1110.3106.7109.3120.6

126.6136.8133.7

104.4130.280.1

148.7

198,557

193,868

98, 38750,06048,328

54,10017,48136,619

41,38118,10423,277

292,973

296,537

164,966104,11760,850

81,84837, 82244,026

49,72330,38419,339

1.53

1.26

1.512.161.20

1.201.68.83

4,9805,020

103,245

53,0232, 7687,8443, 9253,124

121.573.3

130.7116.4

134.5138.4109. 9105.1

99. 3109. 3118.3

123.5134.1135.0

104.7129. 381.4

150.3

198,281

192,353

1 97,043• 49,02948,014

54,63417,55937,075

40,67617, 75522,921

299,124

298,179

166,674105,58961,085

81,65837,51844,140

49,84730,44719,400

1.55

1.712.14.71.87.57

1.27.56.18.53

1.492.141.19

1.231.71.85

5,5745,528

101,180

'51,0002, 7107,4543,6412,961

123.872.2

129. 0108.5

134.0142. 2107.3103.195. 7

100.7112.5

126.7137.5135.8

112.7145.881.6

150.3

197,732

90,288

99,91051,23848, 681

55,57318,15737,416

40,79618,01022,786

302,907

298,941

167,114106,12860,986

81,66037,93343,727

50,16730,51219,655

1.52

1.672.06.69.84.54

1.25.53.19.53

1.472.091.17

1.231.69

5,3915,333

100,128

'51,34.52,5737,0863,5472,743

125.271.8

127.596.9

135.7142.0102.795.690.194.9

115.5

128.2141.2135.6

118.2156.482.4

208,196

'204,140

104,475r 50,29.")49,180

57,89819,73038,168

41,76718,41723,350

298,806

299,123

166,587105,72960,858

82,40538, 22444,181

50,13130,22419,907

r 1.47

1.591.90.62.77.51

1.24.53.19.52

1.421.941.16

1.201.64.85

6,0415,502

'98,023

'50,7982,3206, 7523, 3572, 694

123.070.8

132.7113.9

135.1137.3100.089.884.788.7

121.3

125.7139.5134.0

113.5145.583.4

153.7

184,244

'202.100

103,.5()9' .53,34150,228

56,66019,02437,636

41,93118,55923,372

301,791

301,970

167,482,106,56260,920

83, 61638,93144, 685

50,87230,84720,025

1.49

1.622.00

.66

.81

.53

1.21.51.18.52

1.482.051.19

1.211.66

4,3994,090

90,387

124.072.4

132.2109.9

137.1139.0100.491.387.791.4

116.7

126.0139.4137. G

113.4145.483.3

157.0

195,688

•207,541

100,133• 54,70351,430

58,17519,76438,411

43, 23319,55223, 681

305,441

303,985

168,449107,22261,227

83,87838,91244,966

51,65831, 23920,419

1.46

1.591.96

.64

.80

.52

1.19.51.18.51

1.441.971.17

1.191.60.86

4, 6974,870

100,743

126. 872.3

132.1109.0

135.1143.7108.397.995.498.2

120.8

127. 5140.4137.0

120. 5101.282.3

150.9

219,294

214,042

111,241• ,58,84952,392

59,52220,08738,835

43,87919,59124,288

310,099

307,325

109,379107,08501,094

85,39739,61345,784

52,54931,45021,093

1.43

1.521.82

.61

.73

1.18.50.18.49

1.431.911.18

1.201.01

5,0775,312

114,201

127.9' 73. 8131. 0109. 2

135.4144.5112.3104. 097.8

100. 8120.8

127. 0142. 5139. 0

119.8158.1' 8 3 . 8

215,914

'213,590

109,040• 5I>,70453,870

59,40520,33339,132

44,49119,50124,990

312,202

309,847

170,747108,19002,557

80,03339,58140,452

53,00731,51721,550

1.45

1.501.91.03.77.51

1.18.51.18.50

1. 451.951.19

1.191.02.86

5,4915,378

111,242

129.3' 7 3 . 8133. 0112.5

137.5145. 5110. 8111.0104.0110.7127.2

128.0143.2141.8

120.1157. 7' 84.8

'210,004

213,821

109,458' .50,717r ,52,741

'.59,181• 20,088r 39,093

' 4.5,182r 19,985' 25,197

r313,489

'313,052

172,029109,1.5 403,475

' 87,170• 40,279• 40,897

• ,53,247• 32,0.5.5r21,192

1.40

1.58' 1.92' . 0.5' .70

.51

' 1 .20r . 51

.18r . 51

1.47'2 .01

1.20

1.181. 00.84

" 5,303• 5,148

110,702

130. 073.0

133.1

139.4147.2115. 0109. 3100.5110.4120. 3

130.2144.8143.2

123.3102. 980.0

158.0

224,739

214,270

110,98.")57,08053,299

.58, 43819,87738, 501

44,8.5320,11924, 734

314,094

315,293

173, .503110,11303, 390

88, 3.5340,00.547,088

.53, 43732, .58720,8.50

1.47

1. 501.91.04.70.51

1.19. 50.18.51

1.512. 0.51.24

1.191.02

.84

5,5015,350

110,902

02, .574

131.374.5

130.5140.4143.9

124.2107.0

84.1

100.0

2 7, 588

48,858 '54,715 r60,550 »-58,171 '58,405 02,574 2 53,1952, 286 2, 546 2, 943 ' 2, 904 ' 2,991 3, 2471,980 7, 774 8,847 8,552 ' 8,001 9,070

3,457 3, 831 4, 539 ' 4,282 ' 4,384 4,7332,745 ?,089 3,390 ' 3 , 3 5 8 ' 3 ,334 3,423

below on p p . S-6 a n d S-7; those for wholesale a n d retai l t r ade on p p . S - l l and S-12. \ Seecorresponding note on p. S-6. © Unadj. and seas. adj. mfrs. shipments and new orders(totals and total nondurables) were revised back to Dec. 1975; revisions prior to Mar. 1976are available from Bureau of the Census, Wash., D.C. 20233. d" See note marked "t" onp. S-12. A See note marked " t " on p. S-12. 9 Includes data for items not shownseparately. OSee corresponding note on p. S-4.



Unless otherwise stated in footnotes below, datathrough 1974 and descriptive notes are as shownin the 1975 edition of BUSINESS STATISTICS

1975 ! 1976

Annual

1976

June July Aug. Sept. Oct. Nov. D e c

1977

Jan. Feb. Mar. Apr. May June July


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS!—Continued

Shipments (not seas. adj.)|—ContinuedDurable goods industriesf—Continued

Fabricated metal products mil. $..Machinery, except electrical doEleclrical machinery doTransport at ion equipment do

Motor vehicles and parts._• doInstruments and related products do

Nondurable goods industries, total 9 © do_.Food and kindred products d o . .Tobacco products do _ _Textile mill products do_.

Paper and allied products do_.Chemicals and allied products d o . .Petroleum and coal products do_.Ilubber and plastics products d o . .

Shipments (seas, adj.), total t© do_.By industry group:

Durable goods industries, total 9 do._Stone, clay, and glass products do_.Primary metals d o . .

Blast furnaces, steel mills d o . .Nonferrous and other primary me t - . - do . .

Fabricated metal products do._Machinery, except electrical do_.Elect rical machinery do _ _Transportation equipment d o . .

Motor vehicles and parts do._Instruments and related products d o . .

Nondurable goods industries, total 9 ©-__do_-Food and kindred products d o . .Tobacco products do . .Textile mill products do . .Paper and allied products d o . .Chemicals and allied products do . .Petroleum and coal products do . .Rubber and plastics products do_.

By market category:!Home goods and apparel© do . .Consumer staples do . .Equipment and defense prod., excl. au to .do . .Automotive equipment do__Construction materials and supplies do_.Other materials and supplies do . .

Supplementary series:Household durables do . .Capital goods industries do . .

Nondefense do. .Defense do. .

Inventories, end of year or month:fBook value (unadjusted), total! do. .

Durable goods industries, total do. .Nondurable goods industries, total do. .

Book value (seasonally adjusted), tot alt do. .By industry group:

Durable goods industries, total 9 do..Stone, clay, and glass products do..Primary metals do..

Blast furnaces, steel mills do..Nonferrous and other primary met.do .

Fabricated metal products do..Machinery, except electrical do..Electrical machinery do..Transport at ion equipment do..

Motor vehicles and parts do.Instruments and related products . .do.

By stage of fabrication:!Materials and supplies9 do..

Primary metals do.Machinery (elec. and nonelec.) do .Transportation equipment do.

Work in process 9 d o . . .Pr imary metals doMachinery (elec. and nonelec.) doTra importation equipment d o . . .

Finished goods 9 d o —Primary metals doMachinery (elec. and nonelec.). . .doTransportation equipment do_. .

Nondurable goods industries, total 9 . . . d o . - .Food and kindred products do.-_Tobacco products d o . . .Textile mill products d o . . .Paper and allied products d o . . .Chemicals and allied products d o . . .Petroleum and coal products d o . . .Rubber and plastics products d o . . .

By stage of fabrication:!Materials and supplies d o . . .Work in process d o . . .Finished goods d o . . .

68, 89298,14763,716

113,36970, 58122, 601

519,760171,794

7,80532, 874

43,46390, 37069, 69228, C81

i 83,200210,221147,173

1 86,063i 83,256436,796

i 35,430164,374140,651

1 23, 725

155,82599,85355,972

155,693

100,3103, 848

15,5278,4836,113

12,93123, 47912, 88319,048

5, 9784, 290

55,38214,3283,2954,8344,64611,6954,7103,652

79, 659109, 84572, 039135,22291,11524,905

573,499176,1508, 087

37, 583

50, 227101,38582, 64032, 572

^93,039217,379162,407• 109,437100,342M95,602

1 38,579181,815i 155,510i 26, 305

167,299105,51661, 783

166,587

105, 7294,19417,32910,1796,178

13,17323,98714,11219,1216,3014,574

34, 621,059

10,7944,586

43,0205,95016,27712,059

28,13,32011,0282,476

60,85815, 6483, 5085, 2535, 20013, 0325,1483,888

7, 2429,8406, 23612,5418, 6482,179

49,02515,035

6913, 385

4, 3958,7506, 9522, 848

98,597

50,6062,538

4', 037

6,8218, 9405,88111,4917,9172,065

47,99015,037

6513,1484,1868, 5256,7762,704

7,54118,36113,0959, 3328,307

41, 960

3,13114,80312, 7562,047

160,512102,55357, 959

161,118

102,4293, 88515,9959, 2335,875

12, 52923, 40913, 56919,7816,6744,386

58,68914,8733, 5695,0785,04512, 3324,8353,673

6,2848, 5565, 3859, 6156, 2471,973

45,47314,292

6492, 612

3, 9517,7016,9922, 491

98,932

51,0902,5177,7644,0362,954

6,6339, 3775, 97411,5408, 0002,143

47,84215,088

6372, 9944,1498. 1626, 9542, 669

7,69818,37113,6339, 4708,338414,22

3,10715,23113,1212,111

160,588102,27358, 315

162,144

102,8563, 93416,2259, 4525 871

12, 60323, 42013, 63419,7056, 6274,428

59,28815,2203,6155,1045, 08512, 6094, 8723, 616

26, 0139,182

25,663

6,7128, 7386,00710,1146,7702,120

48,12914,540

6523,060

4, 3128, 2227,1032, 723

99,078

51,6482,5797, 8563, 9083,105

6, 5929, 4206,13311,5138, 0682,144

47,43014,552

6162, 9714,1958,1347,0612,686

7,69517,83213,6529, 4988, 521

41,881

3,17815,38013,1922,188

161,787102,69259,095

163,184

103,2824, 00216,4859, 7095, 840

12,54723, 59113, 70819,5156,3364,438

59,90215,6173,6315,1845,128

12, 8254,8333, 594

6,8689, 6446,51511,1067, 5642, 247

50,22115, 466

6773, 302

4,4438, 8357,1072, 730

98,387

50,0602,5687,7463,9453,030

6,4859,3786,10110,1176, 6982,086

48,32814,762

6823, 0884, 3028,6117,0752, 649

7,87618,29613,4938, 0838, 452

42,187

3, 35915,13913, 0222,118

162,900103, 24959, 652

164,966

104,1173, 99816, 6609, 7875, 910

12,82723, 67813,81119, 6216,4844,465

60,85015,8303, 7045, 2015,13612,9775, 0433,708

6, 693r 9,1276, 38311,3077, 5872,177

49,51415,289

7533,198

4, 2558, 3157,1032, 832

97,043

49,0292,4717, 3553,6812, 877

6, 309' 9,204r 0, 03710,1026, 4832, 068

48,01414,807

7492, 9744,1378, 3617,1632, 690

7,71018,30513,(1258,0148, 43140,958

3, 20215,37113,143

r 2,228

165,320104,48360, 837

166,674

105,5894,09217,11310,1006,043

13,13123, 88513, 96119,8236, 7644, 524

35,0477,90710, 8725,164

42 6275,82815,92912,163

27, 9153,37811,0452,496

61,08515,8763, 6595,1585, 22813,0405,0583,763

26,8808,524

25, 681

6,534• 8, 900

6,40712, 2658,6872,210

48,78315,024

6503,201

4,1408, 2397,1532,760

99,919

51,2382,5697,2833,7142,751

6,610r 9, 282r 0, 29811,0108,0042,123

48,68114,773

6403,1434,1538,8277,1542,806

7,94318, 29713,8159, 6038,505

41,756

3,26315,450

r 13,20(12,244

166,528105,193

61, 335

167,114

106,1284,130

17,17810,0726,126

13,18323,84514, 00920, 046

6, 9744,581

35,3207,864

11,0135,264

43,0055, 967

16,11212,160

27,8033, 34'

10,7292,622

60,98615,6943,6305,1765, 292

13,0885,0533,855

25,8439,171

6, 5059, 4776,565

11,9967, 9252.197

47,22514,599

7513,097

4,0117, 9797,4962, 570

104,475

55,2952, 7037,2983,5832,910

6,961r 9, 540r (1, (18814,17(110, 0362.198

49,18014, 603

7533, 3024,2968, 6377,4842,815

7,97318,31714,6(1311,7118,898

42,913

3,3191(1.446

r 13,9312, 515

167,299105,51661,783

166,587

105,7294,19417, 32910,1796,178

13,17323 98714,11219,1216,3014,574

34,6218,059

10,7944,586

43,0205, 950

16, 27"12, 059

28, 0883,320

11, 0282,476

60, 85815, 6483, 5085, 2535, 200

13,0325,1483,

26,0139,182

6,1628, 7856,012.1,8038,3622,036

47,52914,283

6692, 949

4,1748,1867, 7492, 713

6,926r 9, 953

6, 63413,0499, 0012,193

52,02815,475

6713, 270

4, 4929, 3997, 9483,054

.03,569 r106,133

53,3412,6447,3343,4673,020

6,764• 9, 471• (1, (12512,(1428,556

50,22814,920

7043,2694,3588, 6617,8782,950

8,13818,59414,29710,2678,611

43,662

3,3331(1,21713,570

T 2, 047

69,30007,37861,922

.67,482

06,5624,24817,19710,1486,100

13,34424,28114,05419,2456, 4294,657

35,1418,044

10,8764,800

43,2355,838

16,45511,972

28,1863, 315

11,0042,473

60,92015,7753,4715, 2695,220

13,0095,1563, 965

25,6789, 067

26,175

54,7032, 7657, 5903,7083, 019

7,048' 9,713T (i, 59412,8248, 6652,258

51, 43015, 277

7033,3464,4359,1267, 8333,037

8,28519, 00114,38710,5249, 233

44,703

3, 3661(1.39113,77(1

r 2, (115

170,396108,43961,957

,68, 449

.07, 2224, 234

17, 27610,154

6,154

13, 24924,25314,31719,512

6, 5404,687

35, 2298,174

10,8424,845

43,6115,846

16,56412,206

28,3823, 256

11,1642,461

61,22715,973

3, £185,3605, 273

12,9915,0834,000

25,99,141

26,098

7, 68910,772(1,813

14,77310,3(10

7,49610,2226,601

13, 806),681

2,372 I 2,271

53,05115,797

7143, 659

53,07115, 429

6963,543

4, 647 4,68310, 218 10,0697,597 ! 7,8383,215 ! 3,140

111,241 r109,040

58,8492, 989

r 8, 5(1(1' 4, 298

3,387

56,7642, 842

r 8,136T 4,032r 3, 251

7,7079,9010, 055

14,3(1710,1262, 344

7,370r 10,017r (1, (102

r 13,3419, 3382, 323

52,39215,451

7383,5034,5799, (1827, 0603,118

52, 87015,778

7283, 5934,7029, 4807,8842,995

819,1412

940

398323730142795815

819

r l-11

M(

,294, 521,735, 293, 483),314

3,542 I 3,3731(1,815 r 1(1,73014,204 r 14,234•2,011 r2,49C

170,818 171,886108,726 i 109,21862,092 I 62,668

109,379 j 170,74'

107,685 ! 108,1904,142 ' 4,193

17,33210, 215

17,32310, 2320,101

13, 26524, 41714, 64719, 4286, 5484,728

6,088

13, 33224,47614, 74119, 5946,4764,721

35, 798 35,7588,354 I 8,30010,985 10,86."4,815 4,801

43, 3435, 743

16, 66012,188

28,5443, 22611,4192,425

01, 69410,1303, 4845,3685, 352

12, 9(125,1504, 079

43,8055, 65117,00312, 364

28, 6273,38111,3492,429

62, 5.r

16, 5303, 5495,4265, 43913,0385, 2524,016

20, 405 26,8109, 356 9, 371;

25,933 I 26,368

7,39710,09(1(1,49314,18(1

112,295

52,35715,028

7233, 571

4, 5709, 7838,055

r 3,142

109,458

56,7172,800• 8,29(1

4,2443,1(19

7,25310,0000, ~\)~y13,3259,074

'•2,321

52,74115,2(11r 709

r 3,558,r>93), 304

r 8,1593,110

• 8,52019,04114,93510,940'9,43140,591

• 3,42210,93-114,35(1' 2,578

173,087109,925

*• (13,102

172,029

•109,154T 4,258• 17,584• 10,444r 0,159

" 13,390• 24,500• 15,088' 19,735Ml, 024r 4,785

' 30,01;8,2(1111,0035,448

r 43,339"5,78917,079

' 11,758

r 29,2003, 528

r 11,572' 2,529

03, 410,819

r 3,582T 5,473r 5,53413,152

r f>, 40'r 4, 08'

27,008r 9,42220,98."

7,90710,757',101

15,15510,708

- 12,35(1

2,470 ;

4,48415,907

3,(172 !

4,8509,92(18,1853, 295

10,985

)7,7743.009

4, 4093,129

7,4409,7800,74713, 8(129,8052, 340

53,29915,921

(1943, 4144,0159, 0507,9733,122

8, 50919,59014,48111,5829, 09047,007

3, 03110,78514,2342, 551

172,725109,93002,789

173,503

110,1134,24817,05410.4950,157

13,00124,80915,33720,0140,7944, 723

30,8058,290 !11,1335,453

43,7095,81217,18111,889

29,4793, 55211,8322,072

03,39010,3723, 5985,5005, 55113,2005, 5034,119

20,7959,490

27,099

57,148

2~8,~287~

2 13,198

- 3, 43217,25114,093

2 2, 558

r Revised. 1 Based on data not seasonally adjusted. 2 Advance estimate; total mfrs.shipments for June 1977 do not reflect revisions for selected components. t Revised series.Data revised back to Jan. 1958 to reflect (1) updating of benchmarks used in developing ship-ments and inventory estimates, (2) recalculation of estimated new orders, (3) changes requiredto conform to revised 1972 SIC categories, and (4) use of new seas. adj. factors. A detailed

25, 972 25, 663description of this comprehensive revision and historical data appear in report M3-1.6, "Man-ufacturers' Shipments, Inventories, and Orders: 1958-1976 (Revised)," available for $2.25from the Subscribers Services Section, Bur. of the Census, Wash., D.C. 20233. Data back toJan. 1958 for mfg. and trade sales and invent, and inventory-sales ratios appear on p. 22 IT. ofthe Jan. 1977 SURVEY. ©See corresponding note on p. S-5. 9Includes data for itemsnot shown separately. c Corrected




1975 1976

Annual Juno July Aug.

1976

Sept. Oct. Nov. Dec.

1977

Jan. Feb. Mar. Apr. May June. July


MANUFACTURERS ' SALES, I N V E N T O R I E S ,AND ORDERSt -Con t inued

Inventories, end of year or month t—ContinuedBook value (seasonally adjusted)—Continued

By market category: fHome poods and apparel mil. $_Consumer staples do . . _Equip, and defense prod., excl. auto do_.._Automotive equipment d o . . .Construction materials and supplies d o . . .Other materials and supplies d o . . .

Supplementary series:Household durables doCapital gcods industries d o . . .

Nondefense do. _ _Defense d o . . .

New orders, net (not seas, adj.), total t A d o . . .Durable poods industries, total d o . . .Nondurable goods industries, total A do___

New orders, net (seas, adj.), total | A d o . . .By industry group:

Durable poods industries, total t d o . . .Primary metals do.._

Blast furnaces, steel mills d o . . .Nonferrous and other primary met._.do___

13,00552621

38,42!)7, 88513,323C 1.525

Fabricated metal products do.Machinery, except, electrical do.Electrical' m achinery do.Transportation equipment do.

Aircraft, missiles, and parts do.

Nondurable poods industries, total A do.Industries with unfilled ordersf]^ do.Industries without unfilled orders • A . -do .

S 0,578I 42,3411 35,772| 6,508|1 1,027,905505,1)69

| 521,<»36

'-'1,027,905

505 96971,79235, 77928,209

CO, 71292, 79561 \ 720109,51126,316

521,936113,179408,757

By market category: tHome goods and' apparel A do 2 S3,408Consumer staples do 2 210, 267Equip, and defense prod., excl. auto do 2 I4i t 257Automotive equipment do ! 2 84.741Construction materials and supplies do ' 2 81,372Other materials and supplies do 2 426, 941

Supplementary series: jHousehold durables do I - 35,509Capital poods industries do 2 j , ^ ocg

Nondefense do 2 130,782Defense do i 2 25,185

jUnfilled orders, end of year or month (unadjusted), '

total t - mi l - * - - ! 170,243Durable poods industries, total do \ 162, 726Nondur. poods ind. with unfilled orders©. do j 7,517

Unfilled orders, end of year or month (seasonallyadjusted) total | mil. $__| 171,438

By industrv group:Durable poods industries, total 9 do I 163,582

1 himary metals do I 14,742Blast furnaces, steel milN do ! 9,287Nonferrous and other primary me t . . . do J 4,091

Fabricated metal products do \ 23, 690Machinery, except electrical do j 45,472Electrical machinery do j 21,230Transportation equipment do ! 50, 236

Aircraft, missiles, and parts do ' 33,106

Nondur. poods ind. with unfilled ordersS.do j 7,856

By market category: f {I lome poods, apparel, consumer staples . do •' 3,209Equip , and defense prod., incl. auto do i 98,742Construction materials and supplies do , 19,197Other materials and supplies do j 50, 290

Supplementary series: JHousehold durables do I 2, 623Capital poods industries do ' 108,533

Non defense do j 79,323D e f e n s e do 29,210

B U S I N E S S I N C O R P O R A T I O N S G

New incorporations (50 States and Dist. Col.):Unadjusted number , „ 326,345Seasonally adjusted do.

I N D U S T R I A L AND C O M M E R C I A LFAILURES©

Failures, total number.Commercial service d o . . .Const ruction do. !Manufacturing and mining do"Retail trade dc .Wholesalc trade do

11,4321,6372, 2621,6454,7991,089

Liabilities (current), total thous. $__ 4,380,170Commercial service do j 475, 485Const ruction do_. . . i 640, 845Manufacturing and mining . . do ,1,020,609Retail trade do ,1,835,908Wholesale tradc do i 407,323

Failure annual rate (seasonally adjusted)No. ])er 10,000 concerns,. 242.6

14,03923,11938, 8428,43014,16167, 996

6,92343,10436,5276, 577

,182,158608,362573, 796

1,182,158

608,36290,04645,84634,956

79, 256108,20974,029137,77830, 009

573, 796128,058445,739

-93, 082217,424163. f)87110,631'-' 99, 180498,255

2 38, 599•183,463'154,0412 2 9 422

174,222166,4087,814

175,453

167,26116,0049,9934,980

23,30243,80823, 25152,75334,746

8,192

3,302101,06318,01453,074

2, 644110,06077, 82932, 231

375,766

9,6281,3311,7701,3604,1391, 028

3,011,271490,140428,737

1,121,722556,912413, 760

2 34.8

14,511

38,3758, 53613,25564,210

7, 04242,39635, 6246, 774

04,530728

48, 803

)9, 135

51,2498,1584, 2513,083

7, 0898,8366, 491

10, 9682, 302

47, 88610,41237, 475

7, 49218.37013,7899,1478,218

42,120

3,10315,22212,607

2, 614

170,832162,550

8, 282

172,059

163,96516, 69210,6904,840

22,99244,12322,51049,69332, 239

8, 094

14,36122,6C638.4198,39313,36464,942

7, 06542,43035, 5846, 846

93,99548,75045, 244

98,811

51,1807, 9183, 9973,170

6, 7339, 5725, 89411,2141,254

47, 63110,13237,499

7,80718,40913.6059, 5568, 42941,005

3,17615,01713, 7781,239

14,38623,05538,5558,123

13,41865,647

7,12742,64935, 846

6, 804

97,17449, 42647, 738

97, 554

50,3807, 3403,5812, 946

6, 5869, 0826, 088

11,2031,890

47,17410,14237, 031

7, 73117,84G12,9409, 4878,41741,138

3,19414,60912,690

1,919

172,994 '172,229164,942 ! 164, 567

8,052 7, 661

171,938 170,414

164,055 I 162,78716,846 ' 16,33010,650 ! 10,3235,056 I 4,896

23,09244, 31822,43049,36631,192

23,08643,98122,38549,05630, 842

7,627

3,159 3,307 3,35198,345 98,403 ] 97,68117,872 17,963 ! 17,86052,683 52,266 j 51,523

2,535107,10876, 81330, 294

33,93831,600

11115010032688

373,635179,64361,18457,41744,95530,430

32.7

2, 604 2, 620106,893 j 106,12277,471 76,96929, 422 29,153

31,46930,114

68910511992

28489

305,55221,92823,028206,54740, 28513,764

31.2

30, 58532,746

79810813012735875

263,96525,06623,838120,80047, 96646, 295

35.7

14,44123,41738,6888, 33613,70466,380

7,10742,74035, 940(), 798

02,45552, 30750,148

14,37723, 46638.8758. 69213,88467,380

7. 05942,94236, 095(j, 847

rl 02,478r 52,81449,659

98,476 V 99,006

• 50,7547, 0193, 4852, 790

6, 4259, 4136, 463

• Il,3ti93, 539

48, 25211,45336,799

7,88818,277• 15,0828, 0308, 43541,288

3, 37910, 9(ii11,124r 2, 8-10

171,440 ; 172,731163, 851 , 164,998

,588 J 7,733

170,503 172,468

162,795 !16,140 I10,028 I5,019 i

50,0687, 5563, 6493,153

6,2809, 2835, 963

10,7513, 202

48, 40910,73837,671

7,68018,31614,0297, 9918, 208

42,252

14,14323,36738,9438, 99313,98367,685

14,03923,11938,8428,430

14,16167,996

6, 996 6, 92343,124 43,10436,277 36,5216, 847 6,57'

100,03951,38048,653

-•100,784

' 99,575r 52,13947, 436

' 100,008

315132

191,621468153

22,88143,88622,24649, 69031,877

7,708

164,52215,8049,8324, 932

22,99743, 91422, 67850,95832, 982

7, 946

3,174 3,32498,125 ! 99,60417,616 ' 17,62051,589 1 51,920

2,451 ! 2,629100,603 | 108,19877,415 I 78,39829,188 29, 800

30, 94432,368

3 71410912211429376

250,31831,76818,103157,47526, 62816, 344

3 34. 9

30,74932,887

7459013810533973

183,57216, 08938, 07450, 13841,35731,914

34. 7

•2,235 \r 57,040~ ~ 7,252

3,8082, 629

3, 0503,080

6, 805, 336

7,0729, 62

6, 408 7,13912,102 r 15,4872,882 3,924

48, 54911,243

37, 306

7, 94518,27413,8979, 6288,72142,319

3, 28415,87512. 734r 3,141

172,646165,0407, 606

49, 56011,28938, 271

7, 98118,31015,92911,8009,07543,505

3, 31417.88513,835

T 4 ,050

171,22210ti,40S

7,814

173,333 175,453

165,51916,051

9, 7685, 201

23,19243,84322,81251,44533,553

7, 814

167,26110,004

9, 9934,980

23,30243,80823,251

3417408, 192

3, 303 3, 30299,712 I 101,06317.830 18,01452,482 53,074

2, 650108,623

30, 698

33, 496

77010115310131798

277,59835,32321,647123,32939, 29058, 003

33.8

2, 644110,06077,82932,231

33, 495

6969912810529569

200, 44121,16356, 46847,74743, 25931,804

32. 0

14, 00323,16439, 0448, 60114,61568, 055

6, 93643,31136, 7026, 609

98,81051,04847,762

105,288

55,0377,9874, 0543, 040

6, 92410,2196,871

r12,6302,311

50, 25111,01939,232

8,17118, 62413,99410,4828, 733

45,284

3, 3511(1,57014,f>21

r 1,949

176,648.68, 599

8, 049

177,179

168, 96216,65810,5805, 000

23,46444,27923, 57552,74434,793

8,217

3, 366100,97818, 13554, 700

2, 663110,41578,87931,536

33, 85234,508

664871077431581

14,05623, 32739,2318,71814,66368, 454

7,117

14,29623,53139,3938,72814, 50068, 871

43,737 ,37,112 '6,625 !

107,879

52,'228

55,1337, 9744,0683,031

6,9609,9986,71312,(1142, 329

51,41211,24040, 202

8,41319,00811.32310,717

9, 2274l' 881

13, 99237,475

0,517

r114,87; :

r (10,90053,978

'111,788

" 59,1(10T 8,(147

4, 3043, 438

7,8329 9910, 338

• 14,5042,887

52,02811,77240, 850

8, 27319, 310

' 14,47812,4139, 706

47, 570

3,510 I 3,425r 10,130 r 1(1,775

14,249 .r 14,5011,887 1 ^ 2, 214

l T 7 - 8 0 '178,453169 V-P rl(i9,881

8^248 I 8>f)(11)

168,53927, 10821,419(13, ISO36,82510,407

28.4

177,623r178,107

69,17,10,

O'i,

44',23,

31.'

394on939012

37441974153 1537

'K1917,10,

5,

I 23 ,r 44

! 23,52

r34^

,7041229770(13

501,3(11137729

8, 229 8, 463

3.501 3,370101 10s r101,ll9IS V*» 18,04054' 880 \ 55,038

2 807 ' 2,692no ' 103 r H0, i i979^351 r 79,70830,809 I 30,411

30,348 ! 39,43833, 095 35, 062

69385

14211428468

194,19741,97129,43.)72, 80933,85416,128

858j 104

158110

! 3981 88

218, 19(137,87333,48771,21951,74350,874

14,60823,92839,6388,69114,52369,359

7, 407

14.747 14,82124.137 1 23.9S8

40,2838 970

14.352

r 39,855

14,53(170,577 71,089

4,335 Ml,(171 ! 15, 19247,733 r 3K.034 ' 38,33136,602 j r (^(-,37 ! 6,861

113,054 | r in t0(i0 ' 118.59,824 r 5s si)9 ; 03,53,230 [r 52.1(17 ! 54,

111,547

58,052 \r 59,17(1 58," 7,904 j r <)'()7<) \ 7,

3.906 [ r 5 o8.) I 3,3,102 ! r 3(),;2 I 3,211

7,303 I 7,337 j 7.9,791 r 10.113 ! 10,

' 0,941 i r 7 1H3 j il, <15,128 ]r 14 ' 17., • 14,4,252 r 3 421 3,

• 8. 58819,03215,918

52, 895 r 52 51 '11,789 'r n ' 4 S 4 ! 11•41,100 [r 4i,()33 41,

I

8,377 I10,514 r1(1,1(19 r11,627 r9.545

4(1,315 r

3,443' IS,27(1 r

14,(179 \r3,597 i

8,48819.(11015.S5111,(1819, 725

40,782

55, 95(11 8,284

12,317

r 3, 4<)3 I 3,587 i ' 3,505i s 2 S 17,895 '' 10,3(1(1i.'/ooo 15,713 ' 14,35

r 3,<293 j 2,182 1 2,012

1180,255 :riso.5(13 181. 829171,52(1 r1 7 2 'o21 178,019

8, 729 i r s 5X») ; 8,530

'•180,00.-) jris2,301

171,58716,80010,8514,914

23,49444,13323,772

51. V) 1730,387

•171.017' 17,(178

>- 4,'8O7

'4 1/215-21,383'55.371' 3(1,941

183,459

171,83117,20511,178

23. 3731 1,87121.5725(1,2313S,108

"173,(141' 17,201

j

! 55, 352

8,478 j r H, 254 I 8,340

I i , , 7 |-•102,888 rjoi ()32 105,50(1

IS,102 MS,235 18,2(1355,630 r 5iit527 , 5(1,213

2,761 ! r 2 835 ; 2,790 ' 2,8(12111.004 M13020 114,131 '113,21980,152 r so 704 ' 82,277 ' 81.93S31 512 \r 32 22(1 ' 31,857 ' 31,311

T Revised. v Preliminary. 1 Advance estimate; totals for mfrs. new and unfilled ordersfor June 1977 do not reflect revisions for selected components. '-' Based on unadjusted data.

•* Includes data for Alaska. f See eorrespondig note on p. S-6. 9 Includes data foritems not shown separately. A See note marked " 0 " on p. S-5. ©Includes textilenull prod., leather and prod., paper and allied prod., and print, and pub. ind., unfilled orderslor other nondurable poods are zero.

r For these industries (food and kindred prod., tobacco mfs., apparel and oilier textileprod., petroleum and coal prod., chcni. and allied prod., rubber and plastics prod ) sales areconsidered equal to new orders. O Compiled by Dun <t Bradstreet, Inc. (failures datafor 48 States and Dist. of Col.: Hawaii included beginning July 1975; Alaska, beginningSept. 1976). r Corrected.



Unless otherwise stated in footnotes below, datathrough 1974and descriptive notes are as shown inthe 1975 edition of BUSINESS STATISTICS

1975 1976

Annual

1976


1977


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 9 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

CONSUMER PRICES(U.S. Department of Labor Indexes)

Not Seasonally AdjustedAll Items 1967=100.

Special group indexes:All items less shelter do._.All items less food doAll Items less medical care do . . .Commodilies do.

Nond arables do.Nondurables less food do.

Durables do.Commodities less food do.Services do-

Services less rent do.Food 9 -do . . .

Meals, poultry, and fish do . . .Dairy products doFruits and vegetables do . . .

ITousing... do . . .Shelter 9 do . . .

Kent do . . .11 oiIleownership do . . .

Fuel and utilities9 do . . .Fuel oil and coal do . . .Gas and electricity do . . .

Household furnishings find operation doApparel and upkeep do . . .Transportation do . . .

Private do . . .New cars do . . .Used cars do. . .

Public do . . .

463

452458348400426313899

474537567235

533533528

614

76

161.2

159.1157.1160. 9

158.4163.1

Health and recreation 9 do. .Medical care do. .Personal caro do. .Reading and recreation do_.

Seasonally Adjusted ^

All items, percent change from previous monthCommodities 1967 = 100.Commodities less food. . . . . . . . . . _ doFood. _do.

Food at home do . . .Fuels and utilities do . . .

Fuel oil and coal do . . .Apparel and upkeep do.Transport at ion do.

Private do . . .New cars do . . .

Services do . . .WHOLESALE PRICESo1

(U.S. Department of Labor Indexes)

Not Seasonally Adjusted

Spot market prices, basic commodities:22 Commodities 1967 = 100

9 Foodstuffs do13 Raw industrial? do

All commodities © d o . . . .By 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

151.7145.5149.1166.6171. 9

175.4178.0156.6171.0

166.8169.7137.3181.7167.8235.3169.6158.1

142.3150.6149.8127.6146.4158.6

153.5168.6150. 7144.4

465444456504379354300907

485591569233

565563560

653

71

170.5

168.3167.5169.7165.2169. 2158.3154.3156.6180.4186:8

180.8179.4169. 3175.4

177.2179.0144.7191.7182.7250.8188.8168.5

147.6165.5164.6135.7167.9174.2

163.3184.7160.5151.2

i 198. 2i 227. 3i 180. 4

174.9

196.9180.0163.4163.6162.5

165.8181.7171.1165.6176.6

1201.0i 201. 6i 200. 6

183.0

205.1189.3170.3169.0173.2

176.0188.0179.0175.6182.1

488

471418565412382284877505559626226

569561568

657

74

170.1

168.1167.0169.4

165.2169.0157.9154.7156.5179.5185.8

180.9182.7167.9176.7

176.5178.2144.4190.7181.7247.3187.9168.5

146.9165.9165.0134. 5173.4173.6

162.8183.7159.8150.9

0.4165. 0156. 2181.2179.9

181.9249.3

147.1

164.8163.8134.8

179.9

207.4210.6205.2

183. 2

210.2189.1169.9168.9172.1

175.3189.0178. 9174.8182.8

486481447581421376268851

492577588233

571565569

660

74

171.1

169.0167.9170.3

166.0169.7158.1155.8157.1180.7187.2

182.1184.0168.0177.3

177.5179.5145.0192.2182.5248.1189.6168.9

146.5167.6166.8134.4177.5174.4

163.7185.5160.5151.2

0.5165. 5156.9181.4179.9

183.3251.2

147.8

166.0165. 0135.1

181.1

216.0218.8214.1

184.4

211.8190.6170.5169.6172.6

176.4190.2179.8175.7183.8

466

451434497394336305924

481593558238

569567564

657

71

171.9

169.7168.9171.1

166.6170.4159.1156.4158.0181.8188.4

182.4181.5169.0178.3

178.4180.6145.6193.4183.7249.3190.3169.1

148.1168.5167.8134.4179.6174.6

164.4186.8161.6151.4

0.5166.2157. 8181.8180.2

184.9254.2

148.7

167.3166. 5135.9

182.2

206.9202.9209.6

183.8

206.2191.1170.0168.7173.1

177.1188.5179. 8176.6182.8

460459464545394320294980

47200253723G

568569562

657

172.6

170.4170.0171.7

167.0170.7160.4156.9158. 9183. 2189.8

181.6179. 3171.1170.8

179.5181.5146 2194.4185.1250.8192. 2170.2

150.2169. 5168.6134.2180.1176. 9

165.3187. 9162.8152.8

0.3166.6158. 3181.9180.1

186.3256.0

149.4

168.9167.9136.9

183.2

203.1198.5206.2

184.8

206.4192. 6170.7169. 3174.0

178.2189. 5180. 9177.8183.7

446438489528360297360948454009506225

5G5572557

652

68

173.3

171.0170.8172. 4

167.4171.0161.0157.8159.6184.1190.8

181.6174.8172.7175.5

180.1182.0146.9194.8186.5253.1193.9170. 9

150.9170.9170.2139.1179. 9177.4

166.1188.9163.9153.5

0.3167.1159. 0182.2180.3

187.9256. 5

170.2169.5138.2

184.0

196.5189. 2201.6

185.3

204.1192. 7172. 2170'. 0177.2

179.8189.0181.5179. 7182. 9

432

419482550322283295948446605487231

504575554

652

66

173.8

171. 6171.6172.7

167.7171.3161.9 |158.0160.3185.1191.8181.1172.0171.7174.8

180.7182.1147.5194.8188. 2258.0195.5171.7

151.9171.4170.6139.7179.0177.6

167.3191.3164.8154.1

0.3167.4159. 6181.7179.6

188.7257.0

171.0170.3138.6

184.8

197.2191.7201.0

185.6

204.5193.1172.3170.1177.6

180.0189.3181.9180.0183.4

446427456533347277274973

405595523241

569578559

657

68

174.3

172.2172.2173.2

168.1171.7162.3158.4160.6185.8192.6

181.7170.2171.4175.5

181.6182.4148.3195.0192.0264.5201.4172.3

151.8171.4170.7140.4178.0178.0

168.0192.3165.2154.4

0.4168.0160.4181.9179.7

191.8261.4

150. 6

171.9171.5139.2

185.5

200.6196.7203.2

187.1

207.9194.0174.0172.0178.7

181.1191.2183.2181.0185. 0

457445574526361282271959

467590530240

5782 553569

673

175.3

173.1172.9174.2

168.7172.4161.9158. 9160.6187.5194.4183.4172.3171.3177.6

183.1184.1149.5196.7194.8271.7204.2172.6

150.0172.1171.4141.1177.7178.7

169.0194.1166.2154.9

468457637540362287276954

478584546252

5842 556578

679

69

177.1

175.0174.0176.0

170.9175.0163.1159. 7161.6188.7195.6

187.7174.7171.1194.7

184.3185.3150.2198.1196.4278.3205.4173.6

150.8173.3172.7140.7179.1178. 9

169.8195.8166.7155.5

"0.8»169. 4* 161. 6*183.f>!1181.3!>194.0;* 266. 6 j1151. 71-173.53173. 03 140.0:a 187. 2

207.3203.3210.2

188.0

208.1194.9175.1173.1179.8

182.3191. 9184.1182.1185.7

1.0171.4162.7187.1185.4

194.6272.0

152.0

175.1174.8140.1

188.4

213.0208.0216.4

190.0

215.4196. 4176.5174.8180.2

183.0195. 0185.3182.8187.4

475641589365282297957

471577544240

5902 562

583

685

69

178.2

176.1175.1177.0

171.8175.9163. 9160. 8162. 6190.0197.1

188. 0175. 0171.2196. 8

185. 5186.3 |150.8199.3198.5281.4208.5174.6

151.7174.8174.1140.9182.7180.4

170.7197. 0107. 3155.8

0.6172.2103. 4188.2180. 4

197.3278.1

152.3

170. 2175.7140. C

189.9

218. 4212.0222.8

191.9

219.9198.5177. 5176.1180.7

184.7197.0186.9184.3189.1

477479507572359277319967473577551232

5972 565592

692

69

179.6

177. 5176.3178.4

173.3177.4164.7162.2163.6191. 3198.4

190.9174.6171.4203.0

186.7187.7151.6201.0199.4282.0209.8175.4

152.3176.8176.3140. 6187.8180.4

171.4199.1168.4156.0

0.8173.6164. 0191.0189.3198.4280.6

152.6177.9177.4140.5

191.4

220.8219.0221.9

220. 0201.1178.8177. 5181.6

18."). 8200. 5188.818."). 4191.9 I

484

482482567352261374966

485571585220

6012 570

594

695

70

180.6

178.4177.3179.4

174.3178.3165.7163.4164.7192.3199.5

191.7175. 9173.1195.1

187.6188.9152. 2202.3200.2282.6210. 9175.9

153.4178.2177.8141.4191.4181.5

172.3200.5169. 5156.8

0.6174.5164.7192.4190.7

199.8282.9

153.2

178.4177.6

401

'447r 435r 510'328r 24.")

354900

470r 574

508217

5972 573

588

'692

07

181.8

179.7178.4180.6

175.4179.7166.6163.9165.4193.7201.1

193.6178.5174.3196. 8

189.0190.3152.9203.9201.8283.1213. 0177.1

153. 9179.2178.7141.7192.2183.2

173. 2201.8170.6157.6

0.6175.3165.1193.9192.1

202.0285. 4

154.2

178.1177.5

192.7

218.7219.4218.1

194.3 195.2

224.4202.0180.3179.3182.4

180. 4201.7190.2180.1194.1

194.2

208. 5211.3206.4

r 194. 4

216.2202.0180.5179.3183.1

' 199.9190.4186.6193.9

450407452510300239339841

493582590231

5952 577583

08905

182. 0

180.2179.2181.4

17,"). 8180.1100. (')104. 310."). 019.1. 3202.8

194. 0180.4174.1191.1

190. 5192. 2153. 0200. 2203. ;">283.7210. 0177.4

153. 4179.3178.8141. 0190. 0183. •")

174.1203. 5171.3157.7

0.4175. 5105. 3191. 0191.9

204. 3287.1

154.8

177. 5170. 9142.3

204.1203.8204.1

194.8

213.2202. 0181. 3180.2183.8

188.2199.4190.9188.2193. 3

'Revised. ^Preliminary. «See note "V for this page. i Computed by BEA.2 Beginning .Tan. 1977, the consumer price index replaces the family living items index.

JData revised back to 1965 to reflect new base weights; comparable data for earlier period willbe shown later. 9 Includes data for items not shown separately. §Ratio of prices receivedto prices paid (parity index). ^Beginning Feb. 1977 SURVEY, data have been revised (back

to 1967) to reflect new seasonal factors. d^For actual wholesale prices of individual com-modities see respective commodities. 0Monthly data for 1970 have been revised to reflectthe availability of late reports and corrections by respondents. 0Goods to users, incl.raw foods and fuels.


August 1977 SURVEY OF CURRENT BUSINESS

COMMODITY PRICES—Continued

S-9

Unless otherwise stated in footnotes below, datathrough 1974 and descriptive notes are as shownIn the 1975 edition of BUSINESS STATISTICS

1975 1976

Annual

1976


1977

Jan. Feb. Mar. Apr. M a y June July

WHOLESALE PRICES^—Continued(U.S. Department of Labor Indexes)—Continued

All commodities©—ContinuedFarm prod., processed foods and feeds. 1967 = 100-

Farm products'?. do __Fruits and vegetables, fresh and dried .do__.G rains do._.Live poultry do._-Li vesto ck do . . .

Foods and feeds, processed 9 do..Beverages and beverage materials do..Cereal and bakery products do.Dairy products do-.Fruits and vegetables, processed do_.Meats, poultry, and fish do.

Industrial commodities. _do.

Chemicals and allied products 9 do.Agric. chemicals and chem. prod do..Chemicals, industrial do.Drugs and Pharmaceuticals do.Fats and oils, inedible do.Prepared paint do.

Fuels and related prod., and power 9 do.Coal do.Electric power do.das fuels.. do.Petroleum products, refined do.

Furniture and household durables 9 do..Appliances, household do..Furn iture, house hold do..Homo electronic equipment do..

Hides, skins, and leather products 9 do..Footwear do..Hides and skins do..Leather do.

Lumber and wood products do.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. refrac doConcrete products doGypsum products do- . .

Pulp, paper, and allied products do..__Paper do. . . .

Rubber and plastics products do. . . .Tires and tubes do

Textile products and apparel § do . . .Synthetic fibers Dec. 107,5=100.Processed yarns and threads do . . .Gray fabrics do . . .Finished fabrics do___Apparel 1067 = 100,Textile house furnishings do . . .

Transportation equipment 9 .--Dec. 1068 = 100.Motor vehicles and equip 1967 = 100.

Seasonally Adjusted %

All commodities, percent change from previousmonth

By stage of processing:Crude materials for further processing 1067=100.Intermediate materials, supplies, etc.* doFinished goods:

Consumer finished goods. doFood do . . .Finished goods, exc. foods _ _ do

Durable d o " . .Nondurable do

Producer finished goods do

By durability of product:Total manufactures.. _ do..

Durable manufactures .do..Nondurable manufactures do..

Farm products do..Processed foods and feeds . .do .

PURCHASING POWER OF THE DOLLARAs measured b y -

Wholesale prices 1967=$1.00Consumer prices do

184.2186. 7183.7223. 0180. 8187. 0

182.6162.4178.0155. 8160. 8101. 0

171.5

181.3203. 6206. 0126.6255. 2166. 0

245.1385.8103. 4216.7257.5

130.7132.3146.303.5

148. 5147.8174.5151.5176. 0102. 5

161.4168.6185.2140. 7171.6

185.6150. 7200. 0171.6

174.0151.2170.5144. 0170. 4172. 0150. 2148.5

137.0

133.4151. 0

141. 5144.6

$0. 572.621

183.1101. 0178.4205. 9166. 0173.3

178.0173.5172.1168. 5170.2181.6

182.4

187.2188.3210. 3134. 0240. 0174.4

265. 6368.7207.6286.8276.6

145. 6130. 2153. 601. 3

167. 8158. 0258. 4188.1205. 6233. 0

171.0183.0108.0146.7182.7

105. 0158. 0215. 0181.6

186.3163.5180.1154.4179 4182.3159.2161. 5

148.2102.409.5

106.1101.1139.0150. 3

151.1153.8

0.546.587

187.4106.5160.7225.1174. 0185.1

181.8172.8173.7167.2168.8190.0

181.5

187.3188.1218.4134.4243.5173. 0

260.5366.6206.3275.9270.6

145.3139.1153.091.2

168.1158.7261.1101.2199.9224. 2

170.4182.1197.8146.0182.1

196.6157.0218.2183.1

186.3162.1179.5153.5179.6181.8157.1155.5

148.3102.599.7

106.6101.4139.8158.9

149. 2151.8

0.5

209.7188.7

169.5183.7160.7143.9171.8172.5

179.1174.5183.5

195.3181.6

,0. 546

188.1196. 9164.6224.3184.0175.9

182.6175.9173.6170.2169. 7185.3

182.7

187.1184.5219. 2134.7258. 9173.9

265.3367.7210.1277. 3276.8

145.7139.7153.591.2

170.3160.7278.6192.2203.7231.2

171.2182.9199. 9146.4182. 6

198.0158.4220.1187.2

187.3163.1181.0153.4180. 5184.5158.3157.3

140.0102.6101.2108.5101.0140.2150.6

140.2151.7

0.4

208.9189.9

169.2181.0161.5144.2173.1173.1

179.3175.3183.1

194.2180.5

$0,542.584

181.7189.7159. 3207.6179. 0166.2

176.7175.8170.2173.9171.1174.7

183.8

188.0186.2221. 2135.2249.4175.7

269.2367.8213.6286.6280.7

146.1140.0153. 991.2

171.6161.2284.8196.3207.5236.2

171.6183.8200.6146.7183.7

199.5159. 3219.9187.8

188.0164.9181.4155.1181.0184.9161.1167.4

149.5103.399.6

108.5101.0141.5160.7

150.2152.8

-0.2

202.4189.8

168.5177.1162. 5144.9174.2173.6

179.1176.2181.5

187.7175.9

$0. 544.582

182.9191. 9180.2205.5164.9161.6

177.2176.4169.7170.5172.1176.1

184.8

188.6186. 9221.7135.4262. 9176.2

271.2368.0214.5289.5283.7

146.7140. 2155.091.2

173.6162.5292.1107. 5212.8244.3

172.8185.6201.0145.2184.4

200.1160.3218.8180. 0

188.6166.1181.2157.6181.6185.4163.0170. 9

149.0103.198.9

107.1100.5141.3161.1

151.0153.5

0.7

202.1191.7

169.3177.1163.7145.7175.6174.5

180.2177.8182.4

189.2176.0

$0. 541.579

179.5186.7192. 4186.7150.5156.1

174.9177.5160. 0160. 8174.4168.5

186.3

188.6186.8222.2135.4251.2176. 9

277.1368.4213.2330. 0285.0

147.2140.4156.591.3

170.9162. 6251.4193. 1213.6245.6

174.0186.3202.7140. 2185.8

200.0160.1218.8188.4

189. 4166.2181.4159.1181.6185.9164.6172. 9

149.3101.998.0

107.4100.3142. 2162.4

156.1159.0

0.5

202.2192.7

169.6176.4164.6146.5176.7176.3

181.0179.3182.4

188.2174.9

$0. 540.577

178.3183.6166.5175.4139.1154.4

174.8178.8168.7168.1175.7168.4

187.1

188.6184.1222.6135.9251.2177.3

281.6369.1214.0365.0285.8

147.5140.6157.591.0

169.8162. 0231.8191.4214.3244.3

174. 5188.8204.5149. 5187.3

200.1160.9218.9187.5

189.5168.2182.4160.1181.5186.2164.8172.1

150.1101.797.5

100.1101. 4142. 0163.2

156.2150. 2

0.6

207.1193. 6

169.9175.7165. 3146.8178.0177.0

182.1180.4183.2

187.1175.6

$0. 539.575

183.9191.6174. 4180. 6145. 7166.1

170. 0183. 8168. 6167. 3175. 6176.0

187.4

188.2183.4221. 5136. 4254. 6177.3

279.0374.0211.5337. 6287.6

147. 9141.0158.6

00. 0

171.5163. 8251. 2101. 7220.0252.1175. 4100. 6205. 8150. 0188.

200. 0161.8222.6185.1

180. 6168.183.0160.1181.8186.6164.7172.3

140. 9101.607. 2

10"101.5142.016:

157.0150.5

208.2104.

171.0180.165.8146.9178.4178.4

183.4181.7185.0

191.9178.8

$.534.574

184.8193.5198. 4184. 9153.7166.0

179.3184.1168.4166.8175.4176.6

188.4

188.9182.2222.1137.5253.9177.3

278.7376.3214.0322.2289. 2

148.6141.2158.789.6

174.5164.5278. 9192. 9222.7257.8

177.0192. 3208.8151.3190.9

201. 8162.9224.2185.3

102.3170.1187.0160.8182. 0188. 9164.5170.0

150.3102.696.6

105.1100.4144.8165.5

157.1159. 2

"0.5

a195. 7

"172. 9"180. 6a167. 4"148.0"180. 3"179. 2

«184.1"182. 5*185.7

"194. 0a178. 6

0.532.570

188.4199.0212.6185.8183.7166.2

181.9189.3169.9166. 9182.9177.4

189.9

189.8183.5222.9138.4253. 9177. 3

289.0377.5219.8363.7295.1

149.1142.1158.989.3

176.7165.9282.5201.3224.2259.3

177.5193. 3209.1151.1192.7

203.0163.1224.7188.3

193.4167.8187.8160.8183.0189.4164. 0163.6

151.1103.497.2

103.8101.2145.6167.1

157.2159.4

0.9

218.6197.2

174.4184.2167. 9148.8180.7180.1

185.9183.4187.8

198.3181.9

$0. 526.565

190.9202.4219.1183.4177.2163.5

183.9199. 5171.5168.1184.2174.2

191.6

191.1186.9222.3130. 0273.7178.9

203.4378.0223.5370.9301.3

149.6142. 9150. 680.3

177.6166.7285. 0201.4228.7266.0

178.2104. 6200.5151.7103.7

206.4163. 7227. 3105. 0

105. 0170.7188.4164.0183.6191. 8164.3163.6

152.1103.408.7

103.6102.7146.0160. 6

158.4160.7

1.1

220.8199. 2

176. 0186.2169. 2140. 4182. 5180.8

187.7184.7180. 5

203.3185.4

$0. 521.561

195.9208.1205.6184.4182. 3167.9

188.5202.0171.6173.6185.6174. 9

193.2

192.6188.1223.2139.5304.9180.6

298.6380.0220.6370.0306.4

150.1143.1160.788.4

180.1167.7305.0204.1220. 6268. 3

178.8104.0211.4151.8104.7

208.0163. 5228.2100.3

108.2172.7190.2172.2185.1193.2165. 9170.1

153.7106.6101.5105.0104.2146.4170.4

158.7161.0

1.1

229.9201.3

178. 3190.81/0.4150.5183. 7181.8

189.6185.4192.4

210.2190.1

$0.515.557

196.8204.3201.8171.2183.1180.2

192.0206.0172.0174.2185. 8183.8

194.2

193.8187.7224.0139. 7337.5181.7

302.3386.9230.7390.2310.1

150.5143.2161.188.4

181. 9168.2313.0210.7229.3267.8

180.0195.1213. 0152.7195.7

208.6164.0227. 9200. 9

198.9174.2190. 5175. 9186.1194.1166.4167.8

154.0107.0102. 3105.1104.9146.6169. 7

159.0161.3

0.4

226.9202.0

180.2194. 8171.2151.1184.6182.8

190.6185.7195. 5

205.3193.5

$0. 512.554

191.5192. 7176.2157. 7182.7172.3

190.1207.7171.3174.3187.8183.4

194.6

193.9189. 0224.1140.8318.8182.3

304. 0390.6234.4386.6311.6

151.3144.5162.288.3

179.7168.6288.8202.1228.7264. 6

180.8196. 0213.2153.0197. 9

207.8164.5226.9197. 3

200.4180.2190. 9187.1187.3394.3167.4167.8

154.4109.5103.4104. 5104.5147.2169. 7

150. 4161.8

»-214. 9201.6

179. 9192. 3171.9151. 6185.6183.6

190.6186.2194. 7

191 . 3190. 2

$0. 514.550

180.3190. 5182. 0153. 3193. 7180.5

187.8204. 7172. 0175.1188. 5189.5

195.8

193. 5188.4224.4141.2281.9183.9

306.6393. 0239. 2391.9312.9

151. 2145. 4162. 886.8

180.3170. 3291. 5198. t»235. 5275. 9

181.9196. 0214. 9154. 1199. 2

210.3165. 4231.0198.0

201. 5183.8192.818(i. 6187.7195. (>108. 0171.3

154. 4109. 2103.4104. 0104. 3147.2109.7

159. 5161. 8

- 0 . 1

210. 5201.8

179.7191. 0172. 3152. 0185. 9184.4

190.3187.8192. 5

187. 9185. 6

$0. 513.548

r Revised. J See note "t" for this page. d*See corresponding note on p. S.8. 9 In-uiuu^s uaui jor items not shown separately. § Effective with Jan. 1976 reporting, thetextile products group has been extensively reclassified; no comparable data for earlier pe-

riods are available for the newly introduced indexes. % Beginning in the February 1977SURVEY, data have been revised (back to 1967) to reflect new seasonal factors. tt> &eecorresponding note on p. S-8.

242-659 O - 77 - S2


S-10 SUEVEY OF CURRENT BUSINESS August 1977


1975 | 1976

Annual

1976


1977

Jan. Feb. Alar. Apr. May June July

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE J

New construction (unadjusted), total mil. $__

Private, total 9 do.Residential (including farm).- 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 do_.Housing and redevelopment do.Industrial do.

Military facilities do.Highways and streets do.

New construction (seasonally adjusted at annualrates), total bil. $_.

Private, total 9 do_

Residential (including farm) doNew housing units do __

Nonresidential 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 do--.Industrial do

Military facilities doHighways and streets. do

CONSTRUCTION CONTRACTS

Construction contracts in 50 States (F. W. DodgeDivision, McGraw-Hill):

Valuation, total mil. $_.Index (mo. data seas, adj.) 1967=100.

134,293

93,62346,47234,408

26,4078,018

12,806

3,683

40,670

15,254668918

1,39010,861

Public ownership mil. $..Private own ership - doBy type of building:

Nonresi den tial doResidential do

Non-building construction doNew construction planning

(Engineering News-Record) O do. . - .

HOUSING STARTS AND PERMITS

New housing units started:Unadjusted:

Total (private and public). thousIn side SM S A's do

Prlvately owned doOne-fam ily structures do

Seasonally adjusted at annual rates:Total prl vately owned do

One-family structures do

New private housing units authorized by buildingpermits (14,000 permit-issuing places):

Monthly data are seas. adj. at annual rates:Total thous..

One-family structures do

Manufacturers' shipments of mobile homes (Manu-factured Housing Institute):

Unadjusted thousSeasonally adjusted nt annual rates do

CONSTRUCTION COST INDEXES

Dept. of Commerce composited31 1972 = 100..

American Appraisal Co., The:Average, 30 cities 1913 = 100..

Atlanta doNew York doSan Francisco doSt. Louis do

Boeckh indexes:Average, 20 cities:

Apartments, hotels, office buildings 1967 = 100..Commercial and factory buildings. . .doResi dences do

92, 659168

32,19860,460

31, 64731,26129,751

83,795

171.4766.8160.4892. 2

939676

212.7

138.2

1,7161,8711,8271,6981,659

185.0188.8183.5

147,481

109,50060,52047, 277

26,0917,183

12,756

3,777

37,981

13,213628971

1, 5089,754

107,158i 194

29, 24677,913

30,04543, 65133, 463

88,457

1, 547. 61,0-48.31, 537. 51,162. 4

1,280895

' 240. 1

143.5

1,8702,0091, 9431,9061,803

199.6204.9198.6

13,557

9, 8775, 6994, 215

2,216613

1,069

345

3,6801,182

5487

1251,029

149. 6

109.7

61.045.8

26.0

12.6

3.7

39. 9

13.9

.91.5

10.4

10,533* 196

3,1367,397

2,8054,1663,562

6,041

155.1105.5154.2119. 6

1,4941,122

1,170834

23.4231

143.6

1,8701, 9871,9211,9261,821

13,378

9, 8365, 7454, 497

2,195568

1,105

314

3,542

1,1805866

1321,046

145. 8

107.1

59.246.3

13.0

3.7

38.7

13. 9. 7.9

1.69.2

9,774217

3,2466, 528

3,0314,1492, 594

8,003

137.487.2

136.6112. 8

1,4131,129

1,229866

20.0221

143. 9

1,8962,0431, 9781,9301,835

201.3206.6200.7

13,473

9, 6815, 3904, 662

2,346620

1,150

338

3, 7921,192

6273

1311,179

141.8

103.6

54.547.1

26.5

12.9

3.8

38.2

13.4

l'.O1.59.8

8,505189

2,5055,999

2,5364,0991, 869

5,948

146.897. 7

145.9112.8

1,5301,172

1,308876

23.4242

144.4

1,9062,0501,9841,9411,846

13,700

9, 9695, 5744,753

2 349626

1,150

347

3, 7311,168

62111129

1, 092

145. 2

107.4

Ot. I

48.7

26. 57.1

12.8

3.9

37.9

13.0.6

1.51.49.3

8,112203

2, 3445,768

2,8753,7581,478

7,056

1,7681,254

1,481914

22.4248

144.5

1,9112,0541,9871,9571, 849

10,5756,0734, 834

2, 367610

1,191

350

3,4121,076

5886

1181,023

150.1

114.8

10, 063r 240

2, 2657, 798

2, 7284,0643,271

7,359

153.1 149.898.8 98.1

151.8 148.4108. 0 109.1

1,7151, 269

1,481987

21.9263

145.3

1,9142,0481, 9751, 9611,841

202. 8208.1202.6 !

13,588

10,4966,0264, 694

2, 281581

1, 129

367

3, 093

9785473

133811

153.8

119.0

69.652.7

25.86.7

12.6

4.1

34.9

11.1.6

1.01.58.5

7,691r 210

2,1235,568

2,4913,7161,484

9, 771

128.289.5

127.189.4

12,107

9, 5185, 2614,053

2,179591

1,062

348

2,590

91758

125515

155.4

121.2

71.154.8

25. 96. 6

12.8

4.0

34.3

10.8.6.8

1.58.2

7,196183

2,0915,106

2,1333, 2361,828

10, 674

108.178.6

107.471.6

1,706 I 1,8891,236 1,324

1,5831,055

17.8247

146.1

1,9122,0441, 9801, 9571,839

1,5321,047

15.0248

1,9162,0501, 9831, 9611, 842

207.3212.8208.3 I

10,044

7, 9564, 3823, 438

1,804456906

240

2,088

8955884

121312

148.4

116.4

66. 852.1

24.86.2

12. 5

4.0

32.0

11.8.8

1.01.57.2

6,748203

1,7934,955

2,1632,9271,658

9,351

r 81. ")63.981.355.7

1,3841,006

1,333930

149.0

1,9212,0881,9901,9671,850

10,067

7, 9294, 3833, 536

1,836468915

263

2,137

8215980

122323

157.1

122. 6

72.458. 3

24. 96.3

12.5

3.9

34.5

11.51.01.01.68.4

7,523207

2,0075,516

1,8793,4272, 217

4,438

112.780.7

112. 5

1,8021,424

1, 52C>1, 000

2 18. 02 275

150. 5

1,9312,0901,9942,0091,851

214.0208.9 i

11,708

9, 2695, 3214,351

2,078554

1,051

349

2, 439925

7192

120439

163.

127.

76.62.

26.

13.

4.

35.

11.1.1.1.

9,937207

2, 6557,282

3,0035,1491,785

6,441

173. 6124.4173. 6125.8

2, 0891, 503

1,6871,188

23.4

150. 9

1, 9382,0982,0002,0171,860

212.7217.4211. 9

r13,022

10, 263r 0, 088r 4,839

2,204582

1,108

333

2, 759

r 9986690120583

• 106. 1

• 130. 0

' 78. 0

'03. 5

27.47.313.9

4.0

36. 2

12.5

. 91.11.59.1

12, 079250

2, 5769,502

2,8905, 2063, 922

•5, 526

• 182. 4120. 4182.2138.8

1,8801,413

1,051

24.2252

1,9492,1122, 0032, 0221,864

14,432

11,231r 0, 921r 5, 546

2,254MiOO1,142

362

3,201

1.005

95135

'809

• 170. 4

132. 0

T 80. 506. 2

27.0r 7.2

T 13.7

4.3

r 38.4

12.21.01.01.6

15, 932317

2 95612, 976

3, 0475, 6607, 225

6,979

201. 3131.7201.3152. 2

1, 937r 1,45.">

1,0151, 077

24.9

151.7

1,9672,1162, 0122, 0271,868

15,418

11,8437,4006,080

2, 375002

1,227

3,575

1,128

105131990

171.0

132.2

80.100. 0

28.37.1

14.8

38.8

13.11.21.11.0

10. 0

15,417284

5,4249, 993

3, 0035, 9450, 409

7, 015

199. 1131.9198. 8

r 150. 2

r 1,910r 1,400

r 1,(178r 1, 105

20. 821). 4

152. 7

1,9882,1182, 0132, 0291,895

0, 844

188. 5130. 4188. 51-10. 5

2, 0041, 102

1, 0301,139

2. 0142,1432,1152,0141,921

r Revised. v Prel iminary. * Computed from cumulative valuation total. 2 Un-adjusted data for Jan . -Dec . i976 and seasonally adjusted data for Jan . 1974-Dec. 1976 will beavailable later.

t D a t a for new construction have been revised back to Jan . 1973. The revised data areavailable from the Bureau of the Census, Washington, D . C . 20233.

© D a t a for Ju ly , Sept., Dec. 1976 and Mar., June 19'4 weeks.

9 Includes data for items not shown separately.cfData (back to Jan. 1964) have been restated on a

Monthly data for earlier periods are available upon reque:

214. S219. 5214.3

•77 are for 5 weeks; other m o n t h s ,

.ie\v comparison base (1972 = 100) .•st.


August 1977 SURVEY OF CURRENT BUSINESS S-ll


1975 1976

Annual

1976


1977


CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES—Con.

Engineering News-Record:Building 1967 = 100Construction do

Federal Highway Adm.—Highway construction:Composite (avg. for year or qtr.)-- 1967 = 100

CONSTRUCTION MATERIALS

Output index:Composite, unadjusted 9 cf 1947-49-100

Seasonally adjusted cf ._ - do

Iron and steel products, unadjusted do . . .Lumber and wood products, unadj doPortland cement, unadjusted _ do _.

REAL ESTATE1J

Mortgage applications for new home construction:FITA net applications thous. units..

Seasonally adjusted annual rates doRequests for VA appraisals . do

Seasonally adjusted annual rates do

Home mortgages insured or guaranteed b y -Fed. Hous. Adm.: Face amount mil $Vet. Adm.: Face amount § 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 doI To me purchase doAll other purposes do

Foreclosures . number

Fire losses (on bldgs., contents, etc.) mil. $._

193.3205.7

203.8

160 4

140.9166.9182 9

82.3

157.7

6,166.128, 863. 84

17,845

55,040

10,09732,10612,837

142,803

3,560

210.9223.4

199.3

174 3

141.9191.2

95.0

183.4

6,362.1210,414.77

15,862

78,792

14,82048,25215,720

3,558

209.5224 3

200.4

199 2179 4

165.7190. 0238 7

8.386

15.8171

655. 591,250.56

15,274

8,326

1, 4355, 3001,591

288

211.0224.7

179 3186 7

142.4182.4230 9

9.6115

15.0170

645.90709.55

15,403

7,771

1,3784,9771,417

275

215.4227 6

191 1174 9

147.7202. 2951 1

9.2107

15. 5168

712.67912. 39

15, 751

7,747

1, 3205,0471,380

299

217.4229 8

199.0

183 9179 8

147.7199.5233 6

8.089

15.3182

512. 30995. 32

16,062

7,253

1,3244,5741, 355

316

218.4230 7

176 7159 6

139.9204.2^23 7

7.793

15.4190

544.50827. 26

15, 865

6,808

1,3324,1831, 293

247

218.9231. 5

163 4171 9

129.0188.7190 4

9.1115

16.0193

557. 751,053.18

15, 765

6,526

1,3063,9581,262

238

219.7231.8

200.4

I59 4176 1

122.7186.9138.6

8.7125

14.5234

508.00962. 30

15,862

7,287

1,4214,1781,688

314

220.4232.2

139 6147 5

106. 5185. 583.5

6.8107

15.6230

608. 67989. 22

15,183

5,448

1,0053,3101,133

334

221.9233.2

147 7107 8

118.8184. 212~> 0

11.2156

18.6254

699.49988. 50

14,816

5,631

1,0713, 3751,185

362

222.6234.0

202.2

188 1195 5

160.2217.3187 5

10.6111

22.5240

676. 861,041.52

14,462

8,211

1, 7104,7801,715

347

222.9235.0

179 0174 8

149. 0201.2213 0

10.8125

19.7216

654.86903. 75

14,952

8,966

1, 7585,4261,782

323

223.0234.1

240 4

12.3126

18.4203

906. 871,137.86

15,148

r 9,800

r 1,919r 0, 021r 1,800

306

1 225. 21 236.5

215.4

9.195

20.0216

654.111,184. 57

15,717

11, 269

r 2,104r 7,105r 2,000

304

1

1 227. 81 240.1

9.2110

17.3205

080. 04942. 53

15,801

9, 058

1,8300,1801, 042

DOMESTIC TRADE

ADVERTISING

McCann-Erickson national advertising index,seasonally adjusted:

Combined index _ __ 1967=100Network T V . . . . . do "Spot TV do"""Magazines doNewspapers -"["""do..^

Magazine advertising (general and natl. farm maga-zines):

Cost, total mil. $Apparel and accessories """ do V"Automotive, incl. accessories . doBuilding materials. "doDrugs and toiletries I"~~do"~Foods, soft drinks, confectionery " d o " . !

Beer, wine, liquors $0Household equip., supplies, furnishings" doIndustrial materials do . . .Soaps, cleansers, etc_._ . . _ doSmoking materials _ doAllother do

Newspaper advertising expenditures (64 cities)- ©Total m i l > $ _

Automotive doClassified do "Financial "'.'.'.'.""'.'.['.". doGeneral . . _ c\nRetai l . : . . . . : . . : ; : : : : : : : ; ; : ; : : ; : ; : ; : : : : ; ; d S:::

WHOLESALE TRADE

Merchant wholesalers sales (unadj.), total, mil. $Durable goods establishments _ doNondurable goods establishments UdoZZIZ

Merchant wholesalers inventories, book value,end of year or month (unadj.), total., mil. $ '

Durable goods establishments doNondurable goods establishments. Y.V.doY."' Revised *• Preliminary. 1 Index as of August 1, 1977: Building, 230.0: construction,

direct loans sold ll*lAS n O t S h ° W n s e p a r a t e l y - § D a t a include guaranteedHHome mortgage rates (conventional 1st mortgages) are under money and interest rate

4,117.493.3

982.2130.8547.1

2,364.0

439,000185, 922253, 078

45,49727, 43018,067

180191215143175

1, 622. 056.4

142.028.4

165. 2120.5

110.983.646.925.0

161.7681.2

\ 068. 5120.6

1,255. 6139.8694.6

2,858.0

482,549210, 864271, 685

50, 65230,10220,550

180191231142159

123.12.6

11.22.6

13.910.8

9.15.64.11.5

13.448.3

422.99.5

109.312.358.4

233.5

42,19618, 98123,215

48,02929,75418,275

193225216148177

100.91.98.31.7

11.66.9

6.74.63.12.2

12.241.7

362.78.6

104.910.542.1

196.6

39,87717,50022,377

48,42129,90618,515

188198230141189

101.13.96.01.2

12.56.9

5.94.73.22.3

13.041.3

406.19.5

118.46.7

44.9226.5

41, 29618,53922, 757

48,22629,48618,740

183186240145167

142.97.67.43.1

13.99.4

8.38.34.32.3

12.565.8

427.111.2

106.411.260.4

237. 9

42,15418,81823,336

48,93230,04818,884 1

190198219154195

182.47.1

19.63.5

17.615.3

12.510.85.02.8

13.374.9

492.912.9

118.614.574.8

272.0

40, 93618, 04322,893

49,92930,12919,800

189206226146178

194.06.3

18.92.2

16.917.2

15.811.75.42.6

14.982.1

478.412.3

100.011.268.4

286.6

41,35517,86323,492

50,73630,27220,464

183194209151180

141.54.28.82.1

14.412.7

17.36.33.81.9

12.857.0

446.67.3

83.112.051.9

292.3

42,07417,70324,371

50,65230,10220,550

192215213148194

111.73.49.61.4

12.36.8

4.13.12.92.2

12.952.9

429.312.1

116.813.761.4

225.3

38,31316,35821,955

51,27430,59020,684

192212213163177

135.93.2

13.52.0

16.011.7

5.05.33.62.8

13.659.1

393.112.1

101.99.3

55.9214.0

39,37017,22222,148

52,18331,19120,992

200223219108187

154.45.9

14.83.5

17.011.5

8.08.83.72.7

13.365.0

494.714.6

130. 313.469.3

267.1

40,02920,00520,024

53,07931,73821,341

199227210100184

170. 67.1

17.44.5

17.213.7

9.011.04.73.7

13.774.0

492.014.5

133. 013.909. 0

261.7

44,19319,88824,305

52,99131,81621,175

200.57.2

20.64.6

21.314.1

11.215.06.04.2

c 10. 90 79. 4

555. 714.8

146. 913.081.8

299.3

•45, 525•20, 040•24, 879

•52,744'32, 40520,339

150. 73. 5

15. 93.3

17.812.0

10.07. 74.12.0

15. 758.1

13. 3130. 314.700. 1

275. 1

40, 83421,05725,177

53,00533,01419, 991

on p. S-18.© Source: Media Records, Inc. 64-City Newspaper Advertising Trend Chart. d"Monthly

revisions back to Jan. 1974 will be shown later. c Corrected.


S-12 ,̂ EY OF sTT BUSINESS August 1977


1975 1976

Annual

1976


1977


DOMESTIC TRADE—Continued

RETAIL TRADER

All retail stores: IfEstimated sales (unadj.), total If mil. $.

Durable goods stores 9 do_.Automotive, dealers do..

Passenger car, other auto, dealers do_.Tire, battery, accessory dealers do_.

Furniture, home furn., and equip. 9 do..Furniture, homefurnishings stores do_.Household appliance, TV, radio do_.

Building materials and hardware do.Lumber, bldg. materials dealersd" do_.Hardware stores do..

Nondurable goods stores 9 do_.Apparel and accessory stores do.

Men's and boys' wear stores do_.Women's apparel, accessory stores_..do_.Shoe stores do..

Drug and proprietary stores do_.Eating and drinking places do_.Food store s do..

Grocery stores do_.Gasoline service stations do_.

General merchandise group with non-stores9 mil. $..

General merchandise group without non-stores 9 § mil. $.

Department stores do . . .Mail order houses (dept. store mdse.).do—Variety stores d o —

Liquor stores do

Estimated sales (seas, adj.), totals t do

Durable goods stores 9 $ doAutomotive dealers do

Passenger car, other auto, dealers doTire, battery, accessory dealers __do

Furniture, home furn., and equip. 9 do..Furniture, home furnish ings stores do_.Household appliance, TV, radio do..

Building materials and hardware do..Lumber, bldg. materials dealersd* do.Hardware stores do.

Nondurable good? stores 9 t do —Apparel and accessory stores do

Men's and boys'wear stores doWomen's apparel, accessory stores._.doShoe stores. do

Drug and proprietary stores doEating and drinking places doFood stores 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 doMail order houses (dopt. store mdse.) -doVariety stores do

Liquor stores do

Estimated inventories, end of year or month: fRook value (unadjusted), totalf mil. $..

Durable goods stores 9 doAutomotive dealers doFurniture, home furn., and equip doBuilding materials and hardware do

Nondurable goods stores 9 doApparel and accessory stores doFood stores doGeneral merchandise group with non-

stores mil. $..Department stores do

Rook value (seas, adj.), total f doDurable goods stores 9 do

Automotive dealers do_Furniture, home furn., and equip d o . . .Building materials and hardware d o . . .

Nondurable goods stores 9 d o , . .Apparel and accessory stores doFood stores doGeneral merchandise group with non-

stores mil. $__Department stores do

584,423

180,725102,10593,0469,059

26,12315,2838,420

23,97418,2025,772

403,69826, 7496,085

10,3964,123

18,09847,514

131,723122,666

651,884

214,169125,625115,631

28,96317, 0539,200

28,16821,9466,222

437,71528, 6126,325

11,1234,373

19,70452,290

140,984131,133

43,895 47,731

95,402

88,54460,7195,9959,120

10,974

73,04133,97016,6905,2944,610

39,0715,3428,189

15,8649,735

74,67634,47416,8765,3154,817

40,2025,5948,060

17,09910,502

104,168

96,76168,0116,5848,259

11,411

80,85538,03618,8525,7265,102

42,8196,0668,873

18,24611,429

82,40538,22418, 6845,7435,331

44,1816,3528,733

19, 68812,342

55,449

19,61711,87611,009

867

2,4241,440

776

2,6412,050

591

35,8322,213

512871335

1,6154,54411,65710,7984,079

8,144

7,5615,390

439624954

53,983

17,80310,5239,725

798

2,4171, 397

2,3121,808

504

36,1802,324

519919352

1,6254,28311,76510,9293,922

7,8655,580

516655970

79,81937,16018,2525,4975,063

42,6595,9798,322

18,92611,626

79,37535, 86317,1705,5364,916

43,5126,1778,415

19, 25611,912

55,938

19,06211,41210,513

899

2,4151,425

773

2,6202,063

557

36,8762,201

470874331

1,5984,78612,53111,6614,322

8,023

7,4355,207

456619

1,043

53,754

17,69910,3459,531

814

2,3941,389

749

2,2971,800

497

36,0552,393

527936352

1,6164,38711,61410,7973,943

8,452

7,8145,481540656955

79,32036,76617,7775,5235,087

42,5546,0598,285

18,96211,582

79,91736,52317,4465,5735,057

43,3946,2468,420

19,18411,855

54,165

18,23010,6489,769

879

2,4041,448

745

2,5732,079

494

35,9352,308

465884381

1,6194,76011,60310,7614,219

8,381

7,7825,439

549634940

54,643

18,20810,7959,938

857

2,4141,438

749

2,3241,828

496

36,4352,422

522946371

1,6494,36711,80510,9923,958

8,716

8,1005,713554666957

78,47535,02916,1195,5065,086

43,4466,3248,329

19,47811,929

81,11837,51518,4435,5235,096

43,6036,2498,482

19,32811,905

53,158

17,6029,9839,167

816

2,3671, 393

752

2,5402,033

507

35,5562,327

459939392

1, 5514, 45511,63610,8323,989

8,315

7,6525,460

543595908

54,100

17,48110,1259,307

818

2,3611, 419

728

2,3651,858

507

36,6192,395

515956362

1,6344,40711,77410,9753,985

8,611

7,9745,676547637952

81,14136,09016, 7665,7225,171

45,0516,7288,411

20,34312,461

81,84837,82218,3645,6715,271

44,0266,3838,470

i9,53712,016

55,962

18,25910,5619,691

870

2,4471,470

768

2, 5081,972

536

37,7032,477

5171,001

385

1,6254,53012,15311,3124,116

9,067

8,3535,863

672645963

54,634

17,55910,0989,256

842

2,4391,434

793

2,3191,809

510

37,0752,446

535957372

1,6674, 356

11,90911,0794,067

8,939

8,3055,851598664955

83,87536, 83117, 0725, 9315,241

47, 0446,9428,772

21,50613,462

81,65837,51817,8955, 7365,326

44,1406,4108,600

19,51712,117

56,186

17,84410,2169,332

884

2,5961,574

791

2,4611,926

535

38,3422,574

5831,003

1,6364,24311,48310,6914,064

10,499

9,7516,821

874709967

55,573

18,15710,5019, 650

851

2,5121,503

793

1, 932536

37,4162,418

540924372

1,7104,415

11,88711,0444,118

9,008

8,3785, 936570656967

85,64338,11518,0436,0285,249

47,5286,9099,153

21, 56813,825

81,66037,93318,2075, 7575,389

43,7276,2878,776

19,18312,053

68,171

19, 63910,2659,319946

3,1871,7211,091

2,3861,754632

48,5324,1471,0501,482

525

2,3574,495

13,21012,2894,248

33,5681,959

475717304

1,5784,08111,52110,7703,969

15,342

14,60310,707

7091,3341,344

57,898

19,73012,01411,134

2,5161,500787

2,5281,991537

38,1682,473549915392

1,7334,51812,18811,3584,274

9,153

8,4916,063530688950

80,85538,03618,8525,7265,102

42,8196,0668,873

18, 24611,429

82,40538, 22418,6845,7435,331

44,1816,3528,733

19, 68812,342

49,213

15,6459,6128,828

784

2,1831,311

677

1,7841,390

394

6,484

5,9244,160

420452838

56,660

19,02411,60210,611

991

2,4141,481

720

2,3711,831

540

37,6362,380

550879365

1,6904,465

11,87111,0464,263

8,2075,802640644941

81,21738,62619,1175,7785,205

42, 5915,9008,704

18,28311,380

83,61638,93118,9655,8905, 349

44, 6856,3928,801

19,86512,410

49,382

16,60810,3439, 591

752

2,2051,347

067

58,326

20,70613,08012,113

973

2,5521,574

781

1, 952 2, 4931,552 1,977

400 516

32,7741,851

409720286

1,5754,069

11,12010,3783,706

6,594

6,0344,194

451483853

58,175

19,76411,98110,999

982

2,5631,552

782

2,5492,021

528

38,4112,484

564941384

1,7294,72012,20011,3674,265

8,983

8,3475,932

567661

1,018

82,86239,38719,5215,9035,435

43,4756,0428,555

19, 27212,000

83, 87838,91218,8246, 0665,430

44, 9666, 2948,641

37,5002,219

463850356

1,7044,570

12,23111,3784,162

8,580

7,8705, 462

048618902

59,522

20,08712,62911.6141,015

2, 6061,592

820

2,7122,130

582

38,8352,424

543920369

1,7574,795

12,40311,5404,264

9,218

8,5176,009

594702996

86,20240,83920,3390,0495,627

45,3636,3958,832

20, 29612,796

85,39739,61319,2246,1665,495

45,7846,4148,859

60,294

21,08112,98011,9541,026

2,5171,540

2,7102,113

597

39,2132,466

540878428

1,7254,734

12,59411,7024,336

9,059

8,4025,923

554706929

59,465

20,33312,17111,193

-978

2,6361,584•-846

2,6982,115583

39,1322,415543888380

1,7344,77712,45211,5634,415

9,394

8,7226,125618707971

87,38541,15120,4326,1625,634

46, 2346,4688,895

21,03613,220

86,03339, 58119,1496,1815,443

46,4526,5148,904

21,16013,233

60,317

21,35012,99611, 999' 997

' 2,555'1,568

'2,870'2,241' 629

38,967' 2,264'508'847'362

'1,732' 5,02512,44311,567' 4,405

' 8,945

' 8,2795,913510

'645'956

59,181

20,08811,93810,988'950

' 2,625' 1,563'844

' 2,666' 2,106'560

39,093' 2.394' 529'885'384

' 1,757' 4,82712,66011,791' 4,340

r 9,296

' 8,605' 6,112

569'685' 990

• 87,65841,28420,414' 6,226' 5,672

'46,374' 6,418' 8,970

-21,465• 13,457

87,176•40,279•19,591' 6,289' 5,507

' 46,897' 6,516'9,024

'21,071r 13,525

60,943

22,29913,69512,6251,070

1 60,036

1 21,123112,868

2,6231,599

819

3,0472,417

630

38,6442,251

527810353

1 2,566

138,9131 2,093

1 1,7091 5,29013,06212,2081 4,690

1 8,8181 8,193

58,741

19,82211,709

' 1,734' 5,13012,07411,722' 4,424

' 8,928

' 8,2865,921490655992

58,438

19,87711,92610,959

967

' 2,5431,532

2,6532,111542

38,561' 2,370

530855370

' 1,739 I 1 1,766r 4,830 j 14,86712,551 j 112,48311,690 111,6604,20(J 1 4,283

1 2,621

38,9192,326

• 9,218

• 8,546• 6,061

582690987

88,36441,56820,4616,3225,609

I46,7966,445 I8,995 '

21,86313,574

88,35340,66519,8276,3735,425

47,6880, 6519,086

1 9,649

1 8,9551 6,411

22,225 -13,894 | -

• iicvBcu. * Auvanue esumaie-. n ua ta may oe understated because of deficiencies inthe probability sample being used for current estimates (the 1972 Census of Retail Tradeindicates that total retail sales for 1972 were 4.8 percent higher than the estimates made fromthe sample). A comprehensive revision of the survey (including the selection of a new andimproved sample) is now underway; revised data will be introduced upon its completion

9 Includes data not shown separately. & Comprises lumber yards, building materials

20,482 20,71012, 875 13,057

dealers, and paint, plumbing, and electrical stores. § Except department stores mail order.{Seasonally adjusted data have been revised back to Jan. 1973 to reflect new seas. adj.

factors (revisions prior to May 1975 are available from the Bureau of the Census, Wash.,D.C. 20233). t Series revised beginning Jan. 1974 to reflect benchmark data from the 1975Annual Retail Trade Report and new seas, factors; revisions for Jan. 1974-Aug. 1975 appearon p. 22 ff. of the Nov. 1976 SURVEY.



Unless otherwise stated in footnotes be low, datathrough 1974 and descriptive notes are as shownin the 1975 edition of B U S I N E S S S T A T I S T I C S

1975 1976

Annual

1976

June July Aug. Sept. | Oct. Nov. Dec.

1977

Jan. Feb . Mar. Apr. May June July

DOMESTIC TRADE—Continued

RETAIL TRADE—Continued

Firms with 11 or more stores:Estimated sales (unadj.), total? mil.

Apparel and accessory stores 9 doWomen's apparel, accessory stores doShoe stores do.

Drug and proprietary stores do_

General merchandise group with non-storos 9 mil. $..

General merchandise group without non-stores § mil. $..

Dept. stores, excl. mail order sales doVariety stores do

Grocery stores do_.Tire, battery, accessory dealers do..

Estimated sales (seas, adj.), total 9 f do..

Apparel and accessory stores 9 doWomen's apparel, accessory stores doShoe stores do

Drug and proprietary stores do

General merchandise group with non-stores 9 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, accts. 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) do___Durable goods stores d o l l "Nondurable goods stores do

Charge accounts doInstallment accounts do

183, 076

6,8342,5981,8067,103

75,629

72, 33954,1597,355

68, 4322, 251

29, 6258,90120,724

11,42818,197

27,7648,79918, 965

11, 02816, 736

199,578

7,0332,6461, 7468,207

82,991

76,43860,670

6,560

73,4922,267

32,1539,515

22,638

12,88919,264

30, 3239,481

20,842

12, 59117, 732

16,001

548204133665

6,474

6,1974,817

490

5,975211

16,402

573213139663

6,773

6,4784,971

513

6,160189

28,7299,433

19,296

12,12816,601

28, 7609,20319,557

11,82616,934

16,356

506196127658

6,355

6,0814,667482

6,496202

16,295

580220146667

6,703

6,3944,887512

6,037183

28,3219,31319,008

11,88216,439

28,8589,15919,C99

11,93616,922

16,184

569213153681

6, 4134,894490

5,911197

16,846

586220148694

6,957

6,6755,114521

6,282192

28,5069, 37719,129

11,88716,619

28,9549,13119.823

11,95516,999

16,079

583237139636

6,628

6,3034,866465

6,014176

16,636

580236126679

6,872

6,5615,053497

6,156177

28,9899, 56019, 429

12,12716,862

29,1289, 25519, 873

12,07317,055

17,251

610239139681

7,244

6,8805, 223506

6,358191

16,971

600238136

7,121

6,8235, 213520

6,203181

29, 3250, 48019, 845

12,34716, 978

29,3129,17520,137

12,09817, 214

18,180

643235155682

8,425

8,0646,084564

6,024194

17,134

597217153715

7,196

6, 9005,314512

6,172197

29, 9639,398

20,565

12,40617,557

29,6989,38520,313

12,31317,385

24,522

1,071383243

1,113

12,421

12,0749,4801,087

7,023208

17, 602

624222167736

7,295

6,9635,414554

6,414190

32,1539, 515

12, 88919,264

30, 3239, 48120,842

12,59117, 732

14,510

441152114655

5.090

4, 8343,707342

6.091167

17,116

587207143751

7,099

6,7635,163502

6,177214

30,7899,03721,752

12,21518,574

30,5009, 41921,081

12,59617,904

14,407

430150107649

5,215

4,9433, 751370

5,871159

17,471

627216149744

7,200

6,8945,306513

6,340215

30,2229, 05221,170

12,12018,090

30,6049, 53721,127

12,71117,953

17, 097

500191139722

0, 5004,901483

0, 385207

17, 704

609205144750

7,413

7,0505, 380550

0, 353217

30,2279, 34820,879

12,42417,803

30,8859, 77021,115

12,87118,014

17,895

GG5r 21.-)178729

7,257

6,9285,321550

6, 580'230

17,888

020r208154738

7,500

7,1015,497554

0,451'211

30,755r9,02821,127

12,88117,874

31,078• 9,84<>21,232

12,88318,19f)

17,513

r 591211

r 135' 7 4 0

r 7,128

r fi,802r 5, 28.')

'501

' 0, 35022G

r17,932

r G2G221

r 117

7,411

"7,080•.'), 400

r530

• ('), 50021G

31, 4359,9115

21, 470

13,41818,017

31,2889,852

21,430

12,95718,331

17,729

G08190133729

7,103

0, 850,'), 351

512

G, 4G4258

17,941

G30201141732

7,410

7,1015, 449

540

0, 523222

31,43910, 29921,140

13, 29418,145

31, 45010,02921,427

12,93818,518

LABOR FORCE, EMPLOYMENT, AND EARNINGS

POPULATION OF THE UNITED STATES

Total, lncl. armed forces overseas! mil.

LABOR FORCEHNot Seasonally Adjusted

Labor force, total (including armed forces), persons16 years of age and over thous

Civilian labor force _ H 0

Employed, total ~"I~~H""do"~'Agriculture "doNonngricultinal industries I""do

Unemployed ^ 0Seasonally Adjusted If

Civilian labor force _ _ _ ^Em ployed, total '.'.'.'.'.'.'.'."'do

Agriculture " " d oNonngricultural industries. _""_"""_ ~_^do]~~

U nem plo y ed doLong-term, 15 weeks and over"". ' "do

Hates (unemployed in each group as percent'of total in the group):

All civilian workers ..Men, 20 years and over ._.//_.Women , 20 years and over ~"~B o t h sexes, 16-19 years . . . . . .WhiteBlack and other "_~~"Married men, wife present.

Occupation: White-collar workersBlue-collar workers

Industry of last job (nonagricultural)":"Private wage and salary workers

ConstructionManufacturing " " " " "

Durable goods ~"

r l213. 50

94,79392, 61384, 7833,380

81,4037,830

2,483

8.56.78.0

19.9

7.813.95.1

4.711.7

9.218.110.911.3

r x 215.14

96,91794,77387, 4853,297

84,1887,288

2,339

7.75.97.4

19.0

7.013.14.2

4.69.4

7.915.67.97.7

'215.01

98,25196,11488, 460

3, 78084, 6807, 655

94, 70487, 533

3, 31384, 220

7,1712,173

7.65.97 2

18! 4

6.813.44.3

4.59.3

7.816.37.67.4

r21o. 14

99,32597,18589,6083,931

85,6777,577

95, 18987, 783

3, 33384, 450

/, 4062, 247

7.86.17.6

18.2

7.112.94.4

4.79.7

8.017.07.87.5

* 215. 30

98,83796,69089,3673,842

85,5257,323

95,35187, 834

3, 37284, 462

7,5172,341

7.95.97.8

19. 6

7.113.64.3

4.99.8

8.216.58.17. 7

r 215. 40

97,12094, 97587,949

3, 39684,5537,026

95, 24287, 794

3, 27884, 516

7,4482,311

7.86.17.6

18.8

7.212.84.5

4.69.8

8.115.78.17.6

••215.02

97,67795,53088,697

3, 44785,2506,833

95, 30287, 738

3, 31084,428

7,5642,360

7. 96.27.6

19.0

13! 44.4

4.69.8

8.215.18.28.0

r 215. 70

97, 78695,63788, 5423,081

85, 4607,095

05, 87188, 220

3, 24884, 972

7,6512, 517

8.06.37.6

19. 2

7.313.54.5

4.79. 7

8.215.48.2

T 215. 89

97, 66295,51788, 494

2, 85085,6457,022

95, 96088, 441

3, 25785,184

7, 5192,514

7.86.27.4

19.0

7.113.44.3

4.59.6

7.914.18.28.0

r 210. 02

96,83794, 70486, 856

2, 67284,1847,848

05, 51688,558

3, 09085, 468

6, 9582, 283

7.35.66.9

18.7

6.712.53.8

4.58.4

7.414. 96.96.5

••210.15

97,47895,34087, 231

2, 70984,5228,109

96,14588,9623,090

85, 872

7,1832,182

7.55.87.2

18.5

6.713.14.1

4.68.7

7.615.27.17.0

r 210. 20

97, 90995,77188,2152,804

85,4117,556

06, 53980, 4753,116

86, 359

7 064I,'o23

7.35.47. 2

18.'8

6.612.73.7

4.78.37.4

14.26.66.1

r 210. 40

97, 95895,82689,2583,140

86,1186,568

96,76000,023

3, 2G086, 763

6,7371,816

7.05.07.0

17.8

6.312.33.6

4.47.8

7.012.00.76.0

'210.53

98, 32190,19390, 012

3, 47880, 5040,151

97,15890, 408

3, 38087, 022

0, 7501,830

0.95.30. 0

17. 9

0.212.93.0

4.37.9

7.113.00.25. 7

'•210.07

101,26499,13591,082

3, 82087, 8627, 453

97, 04100, 070

3, 33887, 341

6, 0621,737

7.15.07 2

18.'6

6.313.23.4

4.2

0. 912.00.35.6

'Revised. 1 As of July 1.9 Includes data not shown separatelyI See corresponding note on p. S-12.

210. 82

101.41000,31402, 372

3, 70088,5S20,041

07,30.')00 T>G1

3,21387, 348

0,7441,834

6.9"). 10. 9

0. 113. 23.4

4.08.2

0.812.1

6. 7C). 1

§ Except department stores mail order.

ftflr™fiI1J b-ack X? P c t - 1 9 7 3 a PP° a r i n "Population Estimates and Projections: Estimates

rlniv IQ-A!1 -S " , r United States and Components of Change—1930-75," P-25, No. 632(July 19/6), Bureau of the Census.

11 Effective with the Feb. 1977 SURVEY, the labor force series reflect new seasonal factors.Data have been revised back to 1972; comparable monthly figures for 1972-75 appear in EM-PLOYMENT AND EARNINGS (Feb. 1977), U.S. Department of Labor, Bureau of Labor Statistics.




1975 1976

Annual

1976


1977

Jan. Feb. Mar. Apr. May June v July*

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued

EMPLOYMENT fO

Employees on payrolls of nonagricultural estab.: 0Total, not adjusted for seasonal variation thous..

Private sector (excl. government) do

Seasonally Adjusted t

Total employees, nonagricultural payrolls fO .doPrivate sector (excl. government) do

Nonmanufacturing industries doGoods-produ cing do

Mining doContract construction do

Manufacturing doDurable goods do

Ordnance and accessories doLumber and wood products doFurniture and fixtures doStone, clay, and glass products doPrimary metal industries doFabricated metal products doMachinery, except electrical doElectrical equipment and supplies.doTransportation equipment doInstruments and related products..doMiscellaneous manufacturing 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, nee..doLeather and leather products do

Service-producing doTrans., comm., electric, gas, etc doWholesale and retail trade do

Wholesale trade doRetail trade do

Finance, insurance, and real estate doS ervices doGo vernm ent do

Federal doState and local do

Production or nonsupervisory workers on privatenonagric. payrolls, not seas, adjusted O-thous

Manufacturing do.

Seasonally Adjusted t

Production or nonsupervisory workers on privatenonagricultural payrolls t thous

Goods-producing doMining doContract construction doManufacturing do

Durable goods 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 equipment and supplies...do.._Transportation equipment doInstruments and related products do . . .Miscellaneous manufacturing do . . .

Nondurable goods doFood and kindred products do . . .Tobacco 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

Service-producing doTransportation, comm., elec, gas, etc doWholesale and retail trade do


Finance, insurance, and real estate doServices do

77, 05162,330

77, 05102, 33043,98322, 603

7453,512

18,34710, 679

171557451614

1,1801,3362, 0691,7611, 649

489404

7,6681,676

78902

1,235643

1, 0791,013

197588257

448498000177824

006720748

,973

51,14913, 070

51,14916, 440

5652, 805

13, 0707,543

80464364485919996

1,3461,1401.148

293309

5,5281,136

65782

1,061483636570125450219

,3,85

15, 0133, 462

11,5523,221

12,617

79,44364,496

79,44364,49645,54023,332

7833,594

18,95611,026

158606490626

1,1901,3872,0741,8321,733

509421

7,9301,710

76966

1,299676

1,0801,034

203614272

56,1114,509

17, 6944,263

13,4314,316

14, 64414, 9482,733

12,215

53,05413,625

53,05417,067

5932,849

13,6257,866

72508402498933

1,0461,3391,2101,226

310322

5,7591,164

63844

1,117512630589131475234

34,709 j 35,9883,862

15,6413,529

12,1133,293

13,191

80,14265,109

79,36804, 41445, 43023, 357

7813, 592

18,98411,059

158601493628

1,2001,3902,0691,8371,743

513427

7,9251,718

75973

1,320678

1,0771,029

202577276

50,0114,482

17, 0044,254

13,4104,301

14, 01014, 9542,728

12, 220

53,03713, 774

53,00717,101

5922,844

13, 6657, 905

72504405501943

1,0491,3361,2181,236

313328

5,7601,172

62850

1,138517630587130436238

35,9003,840

15,0233,523

12,1003,280

13,103

79,24264,902

79,51304, 50545, 02023,344

7913,008

18,94511,034

156605490631

1,2061,3872,0841,8151,728

512420

7,9111,719

80970

1, 299680

1,0821,037

201572271

56,1094, 508

17, 7374, 271

13,4004,312

14,00414, 9482,723

12, 225

53,39713, 470

53,10417, 805

5992, 808

13,6187,878

71507401503952

1,0451,3471,1991,219

314320

5,7401,177

67847

1,115516630591130433234

30,0193, 859

15,0083, 532

12,1303,288

13, 204

79,55505,325

79,01804, 03845, 05923,310

7523,579

18,97911,083

157605486628

1,2151,3942,0901,8431,737

510418

7,8961,715

78969

1,292679

1,0821,040

202572267

56,3084, 501

17, 7044, 272

13,4924,312

14, 75114, 9802,732

12, 248

53,79213, 797

53,15117, 029

5012,841

13, 6277,911

71507398499956

1,0511,3501, 2221,228

311318

5, 7161,168

65845

1,109514629595130432229

30,1223,854

15, 7003,534

12,1003, 289

13, 279r Revised. v Preliminary. OSee end of notet for this page.fBeginning in the Dec. 1976 SURVEY, figures for employees on payrolls of establishments

as well as hours, earnings, and labor turnover reflect revised seasonal factors. Generally,data are affected back to 1971. A modification has been made in the method to seasonallyadjust most aggregated hours and earnings series (e.g., hours per worker on total privatenonagricultural payrolls, the manufacturing division, durable goods subdivision, etc.).Aggregate levels are now the weighted averages of their seasonally adjusted components;heretofore these levels were directly adjusted. Previously published hours are subject to

79,73464,488

80,82465,82046,58723,701

8233,645

19,23311,230

156020497020

1,1781,4162,1341,8881, 700

524425

8,0031,727

73904

1,280688

1,0951,050

205656265

57,1234,553

18,0074,334

13, 7334,431

15,06815,0042,721

12,283

52,80313,600

54,06517,287

6172,860

13,8108,011

70531408488917

1,0711,3781,2501,251

320327

5,7991,175

60840

1,098517635601132514227

36,7783,878

15,9743,584

12,3903,382

13,544

80,54765,232

81,3956(5,30440,90024,005

8423,759

19,40411,370

156633503041

1,1991,4322,1421, 9001,808

520424

8,0341,734

08973

1, 283689

1,0971,051

207000207

57,3904, 508

18,1894,354

13,8354, 453

15,14915,0312,725

12,300

53,48113,703

54,53417,508

0372,97313,9588,128

09538413510938

1,0831,3841,2051,281

321326

5,8301,183

56848

1,100517035002135525229

30,9003, 890

16,0713, 002

12,4963, 390

13,609

81,33166,042

81,686'66,640'47,112

24, 217847

3,842

19,52811,423

157639507651

1,2081,4332,1501,9191,808

526425

8,1051,743

73981

1, 291'6971,1021,060

211680267

57, 4694,575

18, 2034,371

13, 8324,463

15,18215,0462,719

12, 327

54,22213,893

54, 77117,771

6403,065

14,0668,177

72543418519944

1,0851,3871,2771,284

322326

5,8891,190

60856

1,108524639608138537229

37,0003,897

16,0773,618

12,4593,402

13,624

82,029' 60,084

81,921' 00,804' 47,204' 24,300

'845' 3,801

' 19,000' 11,409

' 157038509

'0541,2171,447

' 2,105'1,931' 1,802

'520'423

' 8,131'1,735

71'988

'1,298703

' 1,1091,003

210085

' 209

' 57,015' 4,580

' 18,235' 4,384

' 13,851' 4, 480

' 15,197' 15,117

2,723' 12,394

' 54,787' 14,021

'54,911' 17,858

' 037' 3,070

r 14,145' 8,233

73'543

420'522

954' 1,099' 1,407

1,289' 1,278

'323325

'5,912' 1,183

' 5 7'803

' 1,115'529' 044'012

138540

'231

37,053' 3,907

' 10,109' 3, 030

r 12,479'3,410

' 13,027

' 82,903' 07,011

' 82,095' 60,883r 47,204' 24,351

'855'3,877

' 19,019' 11,490

' 157038

'510' 058

1,218' 1,451' 2,108' 1,932'1,810

'528'420

' 8,129'1,733

' 7 2987

'1,307'701

' 1,110' 1,001

'210'081'207

' 57,744' 4,570

r 18.227'4,373

' 13,854'4,488

' 15,241' 15,212' 2, 735

' 12,477

' 55,903r 14,259

' 54,900' 17,870

'044'3,088

' 14,144' 8,241

' 7 3'544'420' 520' 953

' 1,103'1,407'1,289'1,282

'323'321

' 5,903' 1,181

' 5 8801

'1,122'527'041'011

138' 535'229

r 37,024'3,890

' 10,075' 3. 013

' 12,402'3,415

' 13,038

80,277 80,572 80,943 81,099 79,473 79,734 80,547 81,331 82,029 '82,903 82,15965,017 65,468 65,075 65,838 64,414 64,488 65,232 66,042 ' 00,084 ' 07,011 07,535

79,918 79,819 80,100 80,344 80,561 80,824 81,395 81,686 81,921 '82,095 82,35104,900 04,831 05,070 65,298 65,552 65,820 66,304 '66,640 '00,804 ' 00,883 07,10345,800 45,890 40,005 46,203 46,341 46,587 40,900 '47,112 '47,204 r 47,204 47,41323 403 23,323 23,489 23,508 23,589 23,701 24,005 24,217 '24,300 '24,351 24,424

'98 800 805 808 817 823 842 847 '845 '855 8213,505 3,582 3,019 3,605 3,561 3,645 3,759 3,842 '3,861 '3,877 3,913

19 100 18,941 19,065 19,095 19,211 19,233 19,404 19,528 '19,000 '19,019 19,09011,146 11,018 11,128 11,158 11,236 11,230 11,370 11,423 '11,409 '11,490 11,527

156 155 156 156 156 156 156 157 ' 157 ' 157 153613 613 621 626 625 620 633 639 638 638 643495 491 491 493 494 497 503 507 509 '510 515630 630 636 629 631 620 041 651 ' 054 ' 058 003

1,216 1,194 1,186 1,182 1,183 1,178 1,199 1,208 1,217 1,218 1,2181,404 1,387 1,396 1,404 1,413 1,416 1,432 1,433 1,447 '1,451 1,4002,115 2,078 2,106 2,107 2,125 2,134 2,142 2,150 '2,105 '2,108 2,1921,848 1,849 1,860 1,863 1,874 1,888 1,906 1,919 '1,931 '1,932 1,9301,737 1,695 1,749 1,766 1,790 1,766 1,808 1,808 '1,802 '1,810 1,801

512 511 514 517 521 524 520 526 '520 '528 529420 415 413 415 424 425 424 425 '423 '420 417

7,954 7,923 7,937 7,937 7,975 8,003 8,034 8,105 '8,131 '8,129 8,1031,711 1,706 1,711 1,710 1,721 1,727 1,734 1,743 '1,735 '1,733 1,727

76 75 75 74 73 68 73 71 ' 72 71971 961 960 957 958 904 973 981 '988 987 1,000

1,281 1,273 1,276 1,271 1,278 1,280 1,283 1,291 '1,298 '1,307 1,314681 677 680 680 684 688 689 '697 703 '701 704

1,086 1,087 1,089 1,089 1,090 1,095 1,097 1,102 '1,109 '1,110 1,1141,035 1,032 1,038 1,041 1,044 1,050 1,051 1,060 1,003 '1,001 1,008

202 202 203 204 205 205 207 211 210 '210 210643 645 642 647 656 656 000 680 085 ' 081 084

264 263 263 265 265 207 207 '209 '207 271

50,455 50,490 50,617 56,830 56,972 57,123 57,390 57,469 '57,615 '57,744 57,9274,528 4,500 4,519 4,553 4,549 4,553 4,508 4,575 '4,580 '4,570 4,583

17,839 17,824 17 808 17,898 17,981 18,007 18,189 18,203 '18,235 '18.227 18,2854,283 4,292 4,291 4,304 4,323 4,334 4,354 4,371 '4,384 '4,373 4,380

13,550 13,532 13,517 13,594 13,658 13,733 13,835 13,832 '13,851 '13,854 13,8994 338 4 359 4 381 4,403 4,423 4,431 4,453 4,463 '4,480 '4,488 4,500

14 798 114,819 14 873 14,930 15,010 15,068 15,149 15,182 '15,197 '15,241 15,30514,952 | 14,988 15,030 15,040 15,009 15,004 15,031 15,040 '15,117 '15,212 15,2482 728 2 730 2 734 2,720 2,721 2,721 2,725 2,719 2,723 '2,735 2,730

12,224 12,258 12,302 12,326 12,288 12,283 12,300 12,327 '12,394 '12,477 12,518

54 077 53,928 54,090 54,219 52,746 52,803 53,481 54,222 '54,787 '55,903 55,45214,'040 13,807 13,839 13,730 13,606 13,600 13,703 13,893 '14,021 '14,259 14,089

53 474 53 309 53 498 53,672 53,813 54,065 54,534 54,771 '54,911 '54,900 55,08817 'i80 17'032 17,172 17,158 17,190 17,287 17,508 17,771 '17,858 '17,870 17,938

' 005 005 012 613 609 617 637 640 ' 037 ' 044 0132 890 2 852 2 885 2,854 2,780 2,800 2,973 3,065 '3,070 '3,088 3,125

13 749 13 575 13,675 13,691 13,801 13,810 13,958 14,066 '14,145 '14,144 14,2007'975 7'833 7,929 7,955 8,026 8,011 8,128 8,177 '8,233 '8 ,241 8.280' " -0 69 69 70 70 70 09 72 73 ' 7 3 72515 515 522 528 529 531 538 543 ' 543 ' 544 548408 403 403 406 403 408 413 418 420 '420 424503 501 506 500 501 488 510 519 ' 522 ' 520 532959 934 926 923 923 917 938 944 954 '953 957

1062 1044 1051 1,059 1,069 1,071 1,083 1,085 '1,099 '1 ,103 1,108l'370 1*329 1^357 1,358 1,373 1,378 1,384 1,387 '1,407 '1,407 1,433l'oo4 1224 1232 1,231 1,237 1,250 1,205 1,277 1,289 '1,289 1,289l'230 l' 186 1,'236 1,251 1,278 1,251 1,281 1,284 '1,278 '1,282 1,275'312 311 312 315 318 320 321 322 '323 '323 324322 317 315 314 325 327 326 326 325 '321 318

5 774 5 742 5,746 5,736 5,775 5,799 5,830 5,889 ' 5,912 ' 5,903 5,920l ' l64 1159 1161 1,156 1,169 1,175 1,183 1,190 '1,183 '1,181 1,108

63 63 63 62 60 60 50 60 '57 ' 58 50848 838 835 833 835 840 848 856 '803 801 871

1100 1091 1093 1,089 1,096 1,098 1,100 1,108 '1,115 '1,122 1,128515 512 515 514 517 517 517 524 '529 '527 530632 632 632 631 631 635 035 639 ' 044 ' 041 042589 588 590 591 594 001 002 608 '012 '011 014130 131 132 132 133 132 135 138 138 138 140504 502 501 505 513 514 525 537 540 '535 537229 226 224 224 227 227 229 229 '231 '229 234

30,294 30,277 30,320 36,514 36,623 36,778 30,900 37,000 37,053 '37,024 37,1503 877 3 850 3 801 3,900 3,882 3,878 3,890 3,897 '3,907 '3,890 3,895

15'771 lo'701 15 734 15,792 15,876 15,974 16,071 16,077 '10,109 '10,075 10,1173 547 3 554 3 ?553 3,502 3, 572 3,584 3, 002 3, 618 ' 3, 030 ' 3. 013 3, 617

12 2^4 lc> 207 12 181 12 230 12,304 12,390 12,490 12,459 '12,479 '12,402 12,5003,'309 3,'325 3,'345 3,364 3,374 3,382 3,390 3,402 '3,410 '3,415 3,420

13,337 13,335 13,380 13,458 13,491 13,544 13,609 13,624 '13,027 '13,038 13,712

revision as follows: Manufacturing, durable and nondurable goods beginning 1947, totalprivate and total trade, 1964, overtime hours, 1956. Effective with the Feb. 1977 SURVEY,the data reflect corrections made (back to July 1975) to employment levels in 4 divisions

MENT AND EARNINGS (U.S.D.L., BLS), available from U.S. Gov't. Printing Office, Wash.,D.C. 20402.




1975 1976

Annual

1976


1977

Jan. Feb. Mar. Apr. May June " July v


AVERAGE HOURS PER WEEK f

Seasonally Adjusted f

Avg. weekly hours per worker on private nonagric.payrolls:^! Seasonally adjustedf.. .hours.

Not seasonally adjusted doMining do..!Contract construction. do. . .Manufacturing: Not seasonally adjusted do . . .

Seasonally adjusted d o . . .Overtime hours . . d o . . .

Durable goods . . . d o . . .Overtime hours do . . .

Ordnance and accessories.. do . . .Lumber and wood products do. . .Furniture and fixtures do. . .Stone, clay, and glass products do . . .Primary metai industries do . . .Fabricated metal products do . . .Machinery, except electrical do . . .Electrical equipment and supplies do . . .Transportation equipment do . . .Instruments and related products do . . .Miscellaneous manufacturing ind do...

Nondurable goods do . . .Overtime hours do . . .

Food and kindred products do . . .Tobacco manufactures do . . .Textile mill products do!.!Apparel and other textile products do . . .

Paper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal productsRubber and plastics products, neeLeather and leather products

Trans., comm., elec, gas, etc do. .Wholesale and retail trade do. .

Wholesale trade do!!Retail trade do_.

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

AGGREGATE EMPLOYEE-HOURS

Seasonally Adjusted

Employer-hours, wage & salary workers In non-agric. establish., for 1 week in the month, season-ally adjusted at annual ratet bil. hours

Total private sector doMining do _"Contract construction doManufacturing !do!! ~Transportation, comm., elec, gas doWholesale and retail trade do..]Finance, insurance, and real estate do.."Services !!do!!!

Government do..!!

Indexes of employee-hours (aggregate weekly) :DfPrivate nonagric. payrolls, total 1967 = 100

Goods-producing doMining "do"!'.Contract construction doManufacturing !!!!!!!!do~"!

Durable goods do"!'Nondurable goods do

Service-producing do!."'Transportation, comm., elec, gas do..!!Wholesale and retail trade do


Finance, insurance, and real estate. doSe rvices do

HOURLY AND WEEKLY EARNINGS

Average hourly earnings per worker:^Not seasonally adjusted:

Private nonagric payrolls _ dollarsMining doContract construction doManufacturing do!!!'

Excluding overtime !.!.do!!!.Durable goods do

Excluding overtime do..Ordnance and accessories doLumber and wood products . . doFurniture and fixtures do....Stone, clay, and glnss products doPrimary metal industries doFabricated metal products doMachinery, except electrical do... .Electrical equipment and supplies.doTransportation equipment doInstruments and related products..do..Miscellaneous manufacturing ind...do

ry. 1? Production and 1

36.142.336.39.4

2.6

39.92.541.339.137.940.40.040.040.939.540.339.538.3

38.82.740.338.039.235.1

41.637.040.941.639.737.4

39.633.838.632.436.533.8

146.92117.841.646.6837. 639.2629.998.0224.6229. 09

107.591.2119. 5100. 688.887.590.8118.8101.7114.7111.6115.8123.5130.9

4.545.907.254.814.665.144.985.234.283.754.896.175.045.364.586.024.563.79

36.242.837.140.0

3.1

40.63.140.740.238.741.240.640.741.140.041.640.438.7

39.33.040.337.840.135.6

42.437.541.642.240.737.3

39.933.638.832.136.633.5

151.39122. 081.746.9339.319.35

31.028.2125.5129.31

111.996.3127.0103.694.092.795.8122.1102.4118.9114.3120.6126.9135.8

4.876.427 685'195 005.555345.'724713̂ 85296.'805,435'.764*916*544^874,01

36.136.442.237.340.440.23.2

40.93.441.139.838.41.441.241.041.240.142.540.538.5

39.32.940.138.340.335.8

42.437.541.542.040.337.0

39.833.538.831.936.633.4

151. 08121. 841.716.9739.509.2830.838.19

25. 3829.24

111.696.8125.0104.094. 693.895.8121.8101. 0118.1114.1119. 6120. 3135.0

4.856.327 605.154.965.535 315.644 763.965.306.775.445.724.846.524.833̂ 99

36.136.642.36.940.040.13.1

40.93.3

40.940.38.641.041.241.041.540.142.040.838.8

39.12.9

40.035. 040.235.5

42.337.741.442.240.337.0

39.833.639.132.036.633.4

151. 74122.131.756.92

39.369.33

31.098.2125.4729.62

111.896.5127.7103.794.293.595.2122. 5102.1118. 9115.3120.3126.6135.4

4.806.397.685.205.005.555.355.754.813.975.336.835.425.754.906.504.884.02

36.136.641.236.840.040.03.0

40.83.140.740.238.541.140.941.041.440.141.940.438.5

38.92.840.136.839.335.2

42.137.541.342 340.036.7

40.033.638.932.036.833. 5

151.71122.191.616.85

39.339.36

31.098.2525.7029.52

111.895.7115. 0102.593.993.094.2123.0102. 5119. 0114.7120. 0127.3130.0

4.896.297.715.215.025.585.375.774.834.015.366.925.465.794.956.524.904.00

36.036.243.535. 940.139.73.0

40.23.0

40.139.838.040.940.340.640.839.741.139.938.2

39.02.9

40.237.139.034.9

42 237! 441. 942.240.536.5

39.933.638.832.136.733.5

152. 08122. 541.806.66

39.369.4031.278.28

25. 7829. 54

112.295.9

131.799.494.093.295.2123. 6102. 9119.7114.9121.0127.7137.2

4.966.607.815.315.095.665.435.854.874.055.436.955.545.865.026.674.934.02

36.136.243.337.340.039.92.9

40.53.0

40.640.338.441.440.240.441.240.041.240.338.7

39.12.8

40.337.539.435.0

42.137.541.642.041.136.4

39.833.538.732.036.733.6

152. 70122. 621.806.95

39.189. 33

31.158.3225.8930.08

112.290.0

131.1104.293.292.095.0

123.5102.0119. 3114.8121.0128.3137.6

4.986.567.855.285.085.625.405.894.874.065.436.905.495.835.036.584.954.06

30.236.143.337.440.340.13.1

40.83.240.040.338.041.240.340.841.540.342.040.439.0

39.23.0

40.430.939.835.1

42.437.041.741.941.230.4

40.233.438.731.930.733.5

152. 02123. 221.817.0439.599.45

31.068.36

25.9129.40

112.897.2

132.0105.794.593.895.4123.5103.2118. 9114.8120.4129.1137.7

5.000.027.805.345.145.085.405.984.804.075.450.945.535.915.07G. 094.994.08

30.236.443.37.340.640.03.2

40.53.341.040.338.641.240.140.541.240.241.140.738.9

39.33.1

40.137.540.135.3

42.637.741.742.541.536.5

40.533.638.632.236.733.5

153. 61123. 801.846.99

39. 569. 59

31.408.40

26.0229. 81

113.396.9

134.0104.394.493.695.5124.6105.0120.0114.8122.0129. 8138.4

5.026.717.885.425.215.785.556.054.884.135.477.005.625. 995.156.945.094.18

35.35.442.935.439.039.53.2

40.03.4

40.539.937.039.940.039.940.639.441.439.838.2

38.73.0

39.536.139.734.2

41.937.441.642.340.935.3

39.833.238.731.636.833.5

152.15122. 961.826.5639.429.42

31.148.46

26.1529.19

112.395.2

130.796.493.893.294.7

124.1102.7119.1115.4120.4130.6138.8

5.076.767.965.465.255.815.596.064.954.155.507.035.586.015.166.955.104.24

36.335.43.63"39.940.33.3

40.83.3

40.640.538.141.440.640.841.340.641.440.839.5

39.03.2

40.339.440.535.7

42.737.941.742.541.430.7

40.533.439.131.830.033.0

154. 92124. 961.877.10

40. 009. 5931.528.43

20. 3329.90

114. 298.3134.0105.995.794.897.1125.3104.4120.7117.0122.1130.2139.7

5.090. 707.885.435.245.795.576. 004.914.105.547. 005.57(). 025.170. 875.104.25

30.330.044.437.140.240.43.3

41.03.4

40.640.138.041.441.141.041.540.342.840.439.3

39.53.1

40.238.440.835.0

42.837.741.843.041.230.4

40.333.538.931.930.733.5

155. 51125. 891.947.25

40.489.57

31. 708.50

20. 3929. 62

115.2100.0141.5108.197.190.897.6125.8104.2121.5110.9123.2131.1140.0

5.116.787.875.485.275.845.610.124.894.195.577.135. 050.045.180.995.104.27

30.230.044.437.340.040.33.4

40.3.641.240.038.441.741.540.741.340.041.940.138.9

39.53.2

40.338.340.535.1

43.337.741.942.741.237.4

40.133.539. 031. 936.633.5

156. 00126. 351.967.4540.659.5431.818.49

26. 4529. 65

115.6100.9142.2112.097.596.898.5125.8103.9121.7117.8123.1131.0140.1

5.156.807.885.525.315.885.656.144.944.215.667.225.676. 075.207.015.114.27

30.330.1

'44.37.440.340.43.4

'41.13.041.140.038.7

-41.7' 41. 0'41.041. 040.1

-42.7'40.4- 39. 0

-39.53.1

39. 9- 38. 0- 40. 7-35.7

43.037. 041.742. 041.337.1

40.233.438.731. 930.733.5

150. 05120. 78r 1. 93'7.51• 40. 939. 59

' 31. 808. 55

• 20. 47• 29.87

110.1101.7140. 2112.7- 98. 598.1' 98. 9120. 0104. 4121.7117.3123. 3131. 0140.2

5.19- 0. 81r 7. 91

5.' 345. 955.70

• (>. 1 0'4.97• 4. 23• 5. 737. 395.73• 0.10• 5. 23' 7.10• 5.134.31

30.30.4

'44.0- 30. 840.40.53.4

'41.23.

- 40. 939. 9

'38.8'41.41. 041.341.940.4- 42. 9M0. 7' 39.1

39. 0'3.1

-40.038.0- 40. 5-30.0r42. 93"

' 41. 9-42.741.137.3

-39.9- 33.338.9

-31.730. 033.3

150. 51120. 53' 1. 90-7.42- 41. 04- 9. 49" 31. 08- 8. 54• 20. 3!)

' 29. 98

115.7101.8141.8111.4- 98.8

98. 7- 98. 9125. 3103. 4121.0117.3122.4131. 5139. 4

'5.21r C). 84r 7. 95' 5. (it)

5.37• ('). 00• 5. 74" 0.15- 5.01•4.27•5.78•7.43• 5. 81

0.15• 5.28•7.18

5.144.31

30.130.543.930.740.140.33.3

41.03.0

40.340.438. 941.440.841.042.040.341.940.8

39.32.9

39.738.240. 535.5

42.537.841.043.140.030.7

40.133.338.831.730. 033.3

157.12120. 75

1.877.47

41.025. 50

31. 708.58

20. 5030.37

115. 8101. 5134.0112.498. 598.598. 5

125. 7103. 9121.2117.1122.8131.9140.2

5.230.817. 975. 035. 40('). 005.750. 105. 074.205.837.485.80(). 185.297.145.214.32

o r k e r s '§ NOTE FOR P. S-10—Effective with the May 1977 SURVEY, the indexes have been slightly

revised (and reflect an improvement in the processing system and corrections to the data file)back to 1904.


S-16 SUEVEY OF CURRENT BUSINESS August 1977

Unless otherwise stated in footnotes below, datathrough 1974 and descriptive notes are as shownIn the 1975 edition of BUSINESS S T A T I S T I C S

1975 1976

Annual

1976


1977

Jan. Feb. Mar. Apr. May June p July p


HOURLY AND WEEKLY EARNINGS—Con.

Avg. hourly earnings per worker, private nonagric.payrolls. Not seas, adj. f —Continued

Manufacturing—ContinuedNondurable goods dollars. _

Excluding overtime doFood and kindred products .Tobacco manufacturesTextile mill productsApparel and other textile prodPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal products..

dododo

. . . d odo

. . . . d o . . . .

. . . . d o . . . .

. . . doRubber and plastics products, nee.doLeather and leather products do

Transportation, comm., elec, gas doWholesale and retail trade do

Wholesale trade . .Retail trade . .

Finance, insurance, and real estateServices. _ - . . . .

Seasonally adjusted: fPrivate nonagricultural payrolls

Mining . .Contract constructionManufacturingTransportation, comm., elec, gas.Wholesale and retail trade.._ . _.Finance, insurance, and real estateServices . . . .

Indexes of avg. hourly earnings, eeas. adjPrivate nonfarm economy:

Current dollars1967 dollars A -

MiningContract constructionManufacturing . ._ _Transportation, comm., elec, gas . . .Wholesale and retail trade. . . _ .Finance, insurance and real estateServices..

Hourly wages, not seasonally adjusted:Construction wages, 20 cities (E NR): <

Common laborSkilled labor . .

. do. . . do

do. . do

do. do. . . . d o . . . .

do. do

. - - . d o . - -do

. : ( D 1 f t

1967 = 100. . do .

dodo

. . . do -

. . . . d o . . . .do .dodo

$ per hrd n

Farm (U.S.) wage rates, hired workers, bymethod of pay:

All workers, including piece-rate $ per hr. .All workers other than piece-rate ^ n

An

Workers paid per hour, cash wages only..doRailroad wages (average class I) do

Avg. weekly earnings per worker, Uprivato nonfarm:tCurrent dollars, seasonally adjusted1967 dollars, seasonally ad justed ASpendable earnings (worker with 3 dependents):

Current dollars, seasonally adjusted .1967 dollars, seasonally adjustedA

Current dollars, not seasonally adjusted:Private nonfarm, total dollars

Mining .Contract constructionMann fact uring

1 Mirable goodsNondurable goods

Transportation, comm., elec, gas_.Wholesale and retail trade

Wholesale tradeRetail trade

Finance, insurance, and real estateServices. .

HELP-WANTED ADVERTISISeasonally adjusted index

dodo_._.

"_-f lo"-"-do

. " " . d o l - l .do . .dodo . .do . . . .

NGiQfi7—inn

LABOR TURNOVERManufacturing establishments:

Unadjusted for seasonal variation:Accession rate, total

mo. rate per 100 employees..New hires An

Separation rate, totalQuitLayoff

Seasonally adjusted:fAccession rate, total

New hiresSeparation rate, total - .

Quit. _Layoff

WORK STOPPAGES OIndustrial disputes:

Number of stoppages:Beginning in month or venrIn effect during month

Workers involved in stoppages:Beginning in month or yearIn effect during month

Days idle during month or year

dododo

dododododo

do

ttiousdod o . . - .

4.354.204.574.513.403.194.995.365.376.424.353.235.923.754.893.344.134.06

4.545.907.254.815.923.754.134.06

172. 5106. 9182.8175.4171.6181.8108. 0161. 5175.2

8.3011.01

2.432.382 602.'45

6.237

163. 89101.67

145.9390. 53

163. 89249. 57265.35189. 51205.09168. 78234. 43126.75188. 75108. 22150. 75137. 23

80

3.72 04.21 42 1

5 031

1,746

31,237

4.684.514.964.913.673.415.435.695.897.144.623.446.463.975.183.554.364.36

4.876.427.685.196.463.974.364.36

185.0108.5199.2185.6184.7198. G178. 6170.0188.4

8.9311.85

2.662 612 812 65

176. 29103. 40

156. 5091.79

176.29274. 78284. 93207. 60225.33183. 92257.75133.39200. 98113 96159. 58146. 06

95

3.92 63 81 71 3

5,600

2 500

§8,666

4.624.454.925.233.593.405.395.655.847.114.383.436.423.955.143.534.344.34

4.856.337.685.156.473.954.344.36

184.3108.319G. 9185.8183. 6199.0177. 5169.2188.3

9.0311.91

6. 859

175.09102. 87

155. 6091.42

176.54270. 50288. 04208. 06227. 28182. 03256. 80133.51199. 95114.02158.84145.82

96

4.83 63.51 8

9

3.82 73.91.81.3

571931

240421

4,488

4.694.524.965.003.713.395.475.675.927.134.493.416.463.965.173.544.364.32

4.886.447.775.216.483.984.374.35

185. 6108.5199.1188.0185.4199.9178.8170.8188.3

9.0612.05

2.532.482 652.52

176.17103. 02

156. 4191.47

177.88272.85291. 07208.00224. 78183.85259.69136. 62203.18116.82160. 01146. 88

98

4.22 84.31 81 6

3.82 53.91.71.4

523977

312607

5,219

4.704.534.984.623.753.425.505.715.937.134.403.456.563.985.213.554.404.32

4.916.347.745.256.524.004.434.39

18G.8108.7202. 3187.1186.7200.9179.8173.1189.8

9.0812.08

177. 25103.17

157. 2291.51

178.97259.15292. 21208.40225. 99184.24265. 02136.51203.19117.15162.36146. 88

97

5.13.54.92.81.1

3.82.54.01.71.4

508847

123407

3,824

4.804.615.024.653.783.495. 585.796.047.224.853.486.614.045.263.614.394.42

4.926.607.715.296.544.034.394.39

187.5108.7203.818G. 4188.1201. 6180.8172.0190.0

9.1312.15

177.12102. 74

157.1391.14

179.55289.08287.41212.93229. 80189. 12265.06135.74204.61115.88160.67148.07

94

4.43.24.62 41 3

3.62 44.11.61.7

595778

373486

4,566

4.804.625.044.693.793.495.575.776.047.204.863.476.634.065.283.634.414.44

4.956.627.765.296.584.054.434.43

188.4108.9205.5187. 9188.4202.4182.1173.5191.3

9.1712.16

2 802 750 942 81

178. 70103. 29

158. 3191.51

180.28287.33299.87211.20228.17188. 16265.20135. 20204. 34115.43161.85148. 74

96

3.52 54 11 71 5

3.52 34.01.51.6

537790

161421

4,138

4.844.675.094.873.813.505.625.826.097.264.943.506.654.085.313.654.404.49

5.006.627.815.346.624.084.424.48

189.7109. 3205.0189.2189.8203.7183.4173.1193.0

9.1912.16

181. 00104. 32

160. 0492.24

180. 50288. 63289. 25215. 20232.31190. 70267. 33135. 46205. 50115.34161.04149. 97

99

3.01.93.41 21.5

O Q

2.43.61.51.3

400629

262430

3, 228

4.904.715.165.043.833.525.665.866.147.295.013.536.654.075.343.654.434.52

5.026.677.825.386.644.114.434.50

190. G109.4206. 8189.5191.0203.1184. G172. 9194.0

9.2012.21

6. 987

181.72104. 32

160. 5892.18

182. 73293.23289.98220. 05238. 71194.53269.33137. 97208. 26118.63162.58150. 97

105

2.21.33.51.01.8

4.02.53.61.71.1

251466

89158

1,770

4.954.775.225.163.833.575.695.926.187.405.073.576.704.175.413.734.524.60

5.076.677.945.436.694.154.514.58

192.7' 109. 7

207.8192.4192. 3205.1186.4176.5197.7

9.2012.21

2.962.903 122 86

181.51103. 37

160. 4291.36

179.48286. 62269. 84212.94229. 50189.59264. 65136.78208.29116.00166. 34153.18

105

3.72.23.91.4

0 1.7

4.02.73.91.81.3

351518

109176

1,160

4.934.755.225.373.843.555.695.936.187.635.033.606.744.205.403.764.524.61

5.096.727.885.436.744.184.484.58

193.2' 109.0

210.1190.8193.3206.2187.6175.7197. 7

9.2212.25

184.77104.21

102.8791.86

182.73292.71288.4121G.G0233.92192.76270.95138.60209.52117.69165.88153.97

106

3.72.13.41.31.4

4.62.94.11.91.4

314549

158260

1,356

4.954.775.225.363. 853.575. 725.976.217.685. 033.616.71 '4.205. 413.764.514.62

5.126.787.905. 496.754.194.504.61

194.1108.8210.4191.6194.3206.7188.5175.9198.7

9.2412.25

185.86104.18

163.6991. 75

183.96296.29289.62220.30238.27194.54267.73139.02

209. 37118. 06165.07153.85

108

4.02.63.41.61.0

4.33.03.71.91.0

391600

222340

2,094

4.994.815.265. 693.873.575.795.986 277.705.063.616.804.235.483.784.5-14.64

5.176.797. 955.536.834.234. 534.64

195.3108.6212.1192. 6195. 4208. 6189. 8177.4199.7

9.2412.27

2.822.773 002.84

4.994.81

' 5 . 2 85. 583. 80

' 3. 565.80

' 0.02G. 297. 09

' 5. 053. 636.83

' 4. 25-5.52

3.804.584. 67

5.20' G. 82' 7. 96

5. 570. 88

' 4 . 2 44.584. 67

' 196. 5108. 0213. 1193. 1

r 190. 8210.1190. 7179. 0200. 7

9.2412.27

5.03' 4 . 8 3' 5. 29' 5. 83' 3. 90' 3. 61

5.87' 0.00' 0. 33

5.12' 3. 04' 6. 85' 4. 20' 5 . 5 1' 3 . 8 1' 4. 55' 4 . 6 0

' 5. 22' G. 85' 8 . 0 4' 5. 61' 0 . 9 1' 4 . 2 0' 4. 55' 4 . 68

' 197. 4' 108. 0'214.3' 194.0' 198.4'211.3' 191.0

177. 5' 201. G

9.3712. 49

187.15104. 09

164. 6691.58

185.40298.52291.56220. 80239. 32195.11271.32140. 01212.08119. 07166.16154.51

109

3.82.73.41.7

.9

4.13.03.81.91.0

615850

202308

3, 045

188. 76104. 34

165.8791. 09

187. 30' 300. 32"•290.03224. 07243. 95190. 11273. 20

'141.10'213.02

120.08167. 63155. 51

112

4. G' 3 . 4' 3 . 5

1.9.8

4.1' 3 . 0' 3 . 8

1.91.1

551908

254loo

4,131

' 188. 90' 103. 88

' 172. G7' 94. 93

'189. G4'305.00'297.33'228.48' 249. 00

199. 09'274. 09'143.14'214. 89' 122. 30'100.53'150.11

114

4.93.73.51.9

.8

3.92.83.91.91.2

GG4908

2053G2

3, 292

5.094.905.335.814.033.585.97G. 076. 417. 765.153. 036. 894.275. 553.824.584.67

5. 25G. 868. 005. 640. 914.294.594.71

198. 5108.7215. 1195. G199. 5211.7192. 4179. 5202.3

9.5512.73

189.53103.80

173.1294.81

190.90299. G4300.47225. 70243. GO200. 04279. 05145. 0121G. 45124. 911G8. 09

'158. 31

_ ' Revised. v Preliminary. \ Production and nonsupervisory workers. 0 Theindexes exclude effects of changes in the proportion of workers in high-wage and low-wageindustries, and the manufacturing index also excludes effects of fluctuations in overtimepremiums; see note "§ , " p. S-15. AEarnings in 1907 dollars reflect changes in purchasingpower since 1907 by dividing by Consumer Price Index; effective Feb. 1977 SURVEY, datareflect new seas, factors for the CPI. fEffective with the Dec. 1976 SURVEY, seas, adjustedhourly and weekly earnings were revised back to 19G4; subsequent revisions appear in Feb.

1977 SURVEY (see t, P- S-14). Seas, adjusted total accession and total separation rates in manu-facturing reflect a new seas, adjustment method: These levels are the sum of their seas, ad-justed components (total rates were revised back to 1951 and 1930). cPWages as of Aug. 1,1977: Common, $9.04; skilled, $12.75. O Revisions for 1975 are in the July 1976 SURVEY.a Does not reflect those layoffs of less than 7 consecutive days caused by cold weather orenergy supplies.




1975 1976

Annual

1976


1977



U N E M P L O Y M E N T INSURANCE

Unemployment insurance programs:Insured unemployment, all programs, average

weekly §9 tbous . .State programs (excl. extended duration prov.):

Initial claims thous . _Insured unemployment, avg. weekly . . .do

Percent of covered employment: AUnadjustedSeasonally adjusted

Beneficiaries, average weekly t hous . .Benefits paid § mil . $__

Federal employees, insured unemployment,average weekly thous . .

Veterans' program ( U C X ) :Initial claims doInsured unemployment , avg. weekly . .doBeneficiaries, average weekly doBenefits paid mil. $__

Railroad program:Applications thous._Insured unemployment , avg. week ly . .do ._Benefits paid mil. $__

4,943

24,8633,986

6.0

3,37111,754.7

45

413100101

528. 5

15327

89.5

3,822

20, 0652,991

4.6

2,4505, 974. 5

50

40198

11527

134.8

3,457

1,6032,642

4.04.5

2,233715.2

45

378688

30.7

1821

9.4

3,642

1,8682,831

4.34.7

2,215703.0

51

389389

31.1

2122

7.0

3,446

1,4732,646

4.04.8

2,185695.8

51

379593

32.8

1423

9.5

1,3992,455

3.75.0

1,983633.7

50

379390

32.2

922

9.2

3,217

1,5132,466

3.75.0

1,912590.6

1,7672,694

4.14.8

2,046666.7

52

339690

32.4

924

9.5

2,2523,103

4.74.4

2,368819.0

55

3510196

36.0

623

10.1

4,442

2,5523,638

5.54.2

2,975955.3

60

33103104

35.6

2911.0

4,448

'1,9953,647

5.54.2

3,106975.6

59

2910199

32.5

10.9

3,972

1,4833,173

4.83.8

2,8971,038. 5

57

319597

36.9

528

13.5

3,506

1,3572,752

4.13.7

2.363763.7

50

268785

29.6

321

9.1

3,105

1,3252,413

3.63.7

1,9986GG.0

43

267874

27.2

166.2

2,937

74

1113

G.7

FINANCE

BANKING

Open market paper outstanding, end of period:Bankers' acceptances mil. $.Commercial and financial co. paper, total do.. .

Financial companies do.. .Dealer placed do.. .Directly placed do...

Nonlinancial companies do.. .

> and discounts outstanding ofagencies supervised by the Farm Credit Adm.:

Total, end of period _mil. $_.Farm mortgage loans:

Federal land ?>anks doLoans to cooperatives doOther loans and discounts do

Bank debits to demand deposit accounts, exceptinterbank and U.S. Government accounts,annual rates, seasonally adjusted:

Total (233 SMSA's)© bil. $_New York SMSA do

Total 232 SMSA's (except N.Y.) do.0 other leading SMSA'si do..22C other SMSA's do

Federal Reserve banks, condition, end of period:Assets, tota!9— ..mil. $.

Reserve bank credit outstanding, total 9 ..doTime loans . doU.S. Government securities do

Gold certificate account do

Liabilities, total 9 do.

Deposits, total doMember-bank reserve balances do

Federal Reserve notes in circulation do

All member banks of Federal Reserve System,averages of daily figures:

Reserves held, total mil. $Required _ _ do.Excess do

Borrowings from Federal Reserve banks doFreoroserves do

Large commercial banks reporting to Federal l?e-serve System, Wed. neatest, end of yr. or mo •

Deposits:Demand, adjustedef mil. $_

Demand, total 9 do.. .Individuals, partnerships, and corp do-__State and local governments ". . .do. IU.S. Government _ doDomestic commercial banks do.. .

Time, total 9 do...Individuals, partnerships, and corp.:

Savings . . doOther time do.""

Loans (adjusted), total d" do.Commercial and industrial ]_do]For purchasing or carrying securities _ doTo nonbank financial institutions ..doReal estate loans doOtherloans do

Investments, total . . _ doU.S. Government securities, total '.'. do"

Notes and bonds . doOther securities /_._ do

18,72747,69037,5156,23931,27610,175

31, 741

16,5643, 97911,198

123,997

99,149211

87, 93411,599

123,997

34, 78026,05278, 770

i 34,989i 34,727

1262i 127i 148

112,124

184,174132,245

6,9671,386

29, 322

227, 729

68,445115,961

285,499120,661

8,93327,18059, 53087,404

100,34540,17826,46460,167

22,52352,01139,6807,294

32,38612,331

36, 740

19,1274,93112,682

133,540

107,71825

97,02111,598

133,540

38,01625,15885,590

35,13634, 964

17262122

112,773

181,528130,5756,0411,62027,383

231,416

89,473107,545

291,495116,48012,32724,54063,40996,816

111,45250,07636,82561,376

19,78350,01137,2736,07531,19812,738

34,881

17, 9794,41312,489

26,625.12,844.3

13,781.35,561.28,220.1

132,189

L06,446314

94,44611,598

.32,189

40,62827,46080,536

33,77433,657

11712017

108,682

178,773126,5916,839

' 2,73727,372

225,169

79,821108,533

280,017112,9039,875

«25,99561,42988,650

101,40242,15029,27959,252

6 27,

19,55451,13838, 7006,18732,51312,438

35,303

18,2024,42012,681

,102.3L3,354.

13,748.15,497.78,250.4

124,997

100,44148

90,67311,598

124,997

34,35824,37181,034

34,14634,076

70123-29

104,797

161,504117,8025,6351,86522,560

223,252

80,220106,398

276,457111,2569,44325,97961,76784,437

100,54941,18229,17459,367

27,867.41,221.12 13

19,38350,06337,7436,24331, 50012,320

35,566

18,3904,36012,816

14,646. 35, 935. 88,710. 5

129,202

103,80564

94,03011,598

129,202

36,79324,78281,275

34,14133,844

297104221

105,587

166, 689120, 3656,3461,127

24, 617

221,423

80,937105,378

279,363111,13711,06024, 20362,05590,359

102,94243,14432,35059,798

19, 59949,81437, 7856,34731,43812,029

35,868

18,5704,467

12, 841

27, 241.12, 727. 9

4,513.5, 857.38,656.4

132,397

107,664322

96,42711,598

132,397

40,93326,22081,520

33,97933, 692

28775243

103,331

165,960119,0895,6202,66824,011

223,690

82,090106,373

280,230112,31310,10923,75462,43189,125

103,72943,42132, 50260,308

6 27

§ Insured unemployment (all pro-

^oia nut auuwii separately. c f lo r demand deposdeposits other than domestic commercial bank an

20,31251,33438,5186,67431,84412,816

36, 290

18,7414,87212,677

27,396.013,522.0

13,874.05,447. 98,426.1

130,076

105,06944

95,83911,598

130,076

38,01426,46182,072

34,30534,116

18966155

106,173

178,639126,3236,3362,67628,789

221,646

84,907103,456

284,878114,61911,31924,05362,86992,359

104,63044,45833, 63260,172

28,049.0 28,911.0:, 495. 5 j 13,835.

14,553. 5! 15,076.15,693.2! 5,917.18,860.4 9,159.0

20,67853,08039,7687,11332,65513,312

36, 387

18, 9184,99712,472

22,52352,01139,6807,29432,38612,331

36,740

19,1274,93112,682

22, 36253,90540,1007,34732,75313,805

37,507

19, 2985,59612,612

29, 288.1,411.80 14,

126,844

101,38040

91,66011,598

126,844

31, 33223,23984,281

34,79734,433

36484301

110,999

183,073130,2876,5971,38527,430

224,828

86,851105,244

290, 428115,50712,61723,86363, 22794,157

108,50147,61536,08960,886

133,540

107,71825

97,02111,598

133,540

38,01625,15885,590

35,13634, 964

17262122

112,773

181,528130,5756,0411,62027,383

231,416

89,473107,545

291,495116,48012,32724,54063,40996,816

111,45250,07636,82561,376

4,876. 35,864.39,012.0

125,517

103,64447

94,13411,658

125,517

35, 83323,41181,198

36, 29035,796

49461

441

109,046

172,695123,6716,8161,467

25,238

230,446

91,515105,159

289,825114,77112,21323,26463, 94595, 291

107,41847,61536,49459, 803

22,18754,43239, 6837,291

32, 39214, 749

38,199

19,5305,92412, 745

30,145.414,898. 0

15,247.45,887.19,360. 2

127,056

105,62224

95,83711,651

127,056

36,31322,91681,709

34,19934,234-3579

-102

107, 755

173,182124,7696,2221,313

25, 900

230, 598

92,711104, 540

290, 042116,18711,62522,96464,48593, 696

109, 50449, 64939,42959,855

30,421.7 30,585.5':, 612.1

22, 69454, 67140,9807,27133,70913, 691

39,141

19,9446,14013,057

15,809.6,155. 79,653.9

129,044

106,609271

95, 98711, 636

129,044

35, 95027, 81483, 257

34,13533, 870

265110168

107,553

170,784123,1385,8141,045

26,323

234,857

94,998106,157

291,422116,79111, 68223,56064,97493,940

109,50749,48939,73060,018

6 15

22,89956, 33341,6137,32534,28814, 720

39,581

20,2425,92413, 416

14, 988. 9

23,20157,57343,1367,492

35,64414, 437

40,035

20,5405,65413,841

'32,028.515,739.7

,596.516,284.6,055.5 6,420.9,541.1 9,863.8

135,084

111,163379

99,96711, 636

135,084

40, 29725,77383, 757

34,61334,602

1173

-48

173, 317

32,394.915,510.4

2 10,878.51,213.110,0G5.4

4 6.

131,108

108,982400

97,39411,629

131,108

36,11429, 00985,333

34,73234,460

272200103

109, 800 109, 343

185, 989125, 598 132, 8746,2054,88122, 780

231, 856 235,803

94, 700104, 251

292, 549117, 44711,96623, 01T

6,6781,083

29,090

94,412107,151

298, 242117,98212, 74823,208

65,432 66,30493, 538 100,307

111, 176 11147, 69640, 09963, 480

,59448,27339,45963,321

23,44059,37244, f>427,701

30,88114,730

40,322

20,8205,23214,271

137,763

114,757'260

102,23911, G20

137,763

• 40,872• 24,50280,32G

34,40034,293' 113'202'94

110,328

176,016126,8716,2081,349

25,407

237,934

94,088109,686

299,724119,43912,29620,01367,72198,659

112,24948,29539,15363,954

58,70044,4047,935

30, 40914, 350

P133,912

110,183788

98,71111, 595

^133,912

30, 72820,89280,074

35,40535,039v 420P 330P149

110,421

179,973128,2900, 0792,777

20, 049

238,498

94,331110,401

305,000119,30813, 00722,40108, 958101,205

110,00040, 72038,70103,934

process of collection; for loans, exclusive of loans to and Federal funds transactions withdomestic commercial banks and after deduction of valuation reserves (individual loan itemsare shown gross; i.e., before deduction of valuation reserves). OTotal SMSA's includesome cities and counties not designated as SMSA's. If Includes Boston, Philadelphia,Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beach.

c Corrected.

242-659 O - 77 - S3




1975 1976

Annual

1976


1977


FINANCE—Continued

BANKING- Continued

Commercial bank credit (last Wed. of mo., exceptfor June 30 and Dec. 31 call dates), seas. adj.:f

Total loans and investments©1 bil. £LoansO - —U.S. Government securitiesOther securities . .

Money and interest rates: §Bank rates on short-term business loans

In 35 centers nerefint norNew York City7 other northeast centers

8 north central centers7 southeast centers8 southwest centers4 west coast centers

_- do

. do

annum,,dodo

dododoAn

Discount rate (N.Y.F.R. Bank), end of year ormonth _ _. percent

Federal intermediate credit bank loans do

Homo mortgago rates (conventional 1st mort-gages): U

New home purchase (U.S. avg.) ._ percentExisting 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)

Installment credit extended and liquidatecUnadjusted:

Extended, total 9 .Automobile paper. _ .Mobile homeHome improvementRevolving:

Bank credit cardBank check credit

Liquidated, total 9Automobile paper _Mobile homeHome improvementRevolving:


Seasonally adjusted:Extended total 9

Automobile paperMobile homeHome improvementRevolving:

Bank credit card..Bank check credit

Liquidated, total 9Automobile paperMobile homeHome improvementRevolving:


I:

mil. $dododo

dodo

" d ododo

dodo

dododo

dodo

dodododo

Total installment credit outstanding, end of year ormonth 9 mil *

By credit type:AutomobileMobile home-Home improvementRevolving:


By holder:Commercial banksFinance companiesCredit unions .Retailers .Others

dododo

dodo

dodo

do— do.—

721.1496.979.4

144.8

i R. 658.378.91

8.549.018.758.86

6.00

18.14

18.7519.01

2 6.292 6.322 6.152 8.02

2 5.8382 7.55

T- 164,169T - 5 1 , 4 1 3

T- 4, 323T- 5, 556

20,4284,024

156,665r 48,406

T-4 ,517r 4, 675

19,2084,010

r 164,955

T- 55,879T- 14, 423»• 9,405

9 5012,810

r 78,667T- 35, 994T- 25,666

18,002T- 6, 626

784.4538.997.3

148.2

7.527.127.88

7.487.747.547.80

6.25

17.35

18.7618.92

2 5.192 5. 352 5.22

2 4. 9892 6.94

T- 193,328T- 62,988

T- 4, 841T- 6, 736

T- 25,862T- 4, 783

7- 172,795T- 52, 750

T- 4, 691T- 5,151

T- 24,012T- 4,552

T- 185,489

T- 66,116T- 14, 5727- 10, 990

r11 351T- 3, 041

T-89 ,511T- 38, 639

30,546T- 19, 052

T- 7, 741

748.8509.394.7

144.8

5.50

7.33

8.698.82

5.775.945.787.31

5.4437.40

17,774r 6, 229

T-4787" 645

T- 2,138T-394

14,764T- 4, 616

T-4097-430

T- 2,008T-391

15,989T- 5, 245

T-541

T- 2,105

14,454T- 4,456

r 395T-415

T- 2,003T-399

171,729

61,64614,47510,137

r 9 549T- 2, 680

r 83,124T- 36,719T- 28,385T- 16,386T- 7,114

751. 4512.193.2

146.1

5.50

7.28

8.768.85

5.505.675.537.50

5.2787.24

T- 16,482r 5, 553

T-456T-613

T- 2,184T-415

T- 14,286T- 4, 372

T-415

T- 1, 949T-359

T- 15, 796T- 5,097

7 399T-547

T- 2,185T-404

* 14,349T- 4,389

7-391T-432

T- 2,002T- 369

T- 173,923

- 62,827' 14,516T- 10,307

T- 9 7857- 2, 736

T- 84,528T- 37,132T- 28,815r 16,214T- 7, 234

758.0516. 095.6

146.4

7.807.488.18

7.707.957.768.15

5.60

7.22

8.798.91

5.325.476.467.60

5.1537.04

T- 17,251T- 5, 680

7-421T-633

T-2 ,315T-446

T- 14,560T - 4 , 5 1 1

T-375T-434

T- 2, 072T-385

p 16 118T- 5, 204

7 380T-560

7- 2,209T-419

T- 14,589T- 4,451

T-379T-443

T- 2,092T-401

T- 176,613

T- 63,996T- 14,561T- 10,505

T- 10 0287- 2 797

T- 85,883T- 37,477T- 29,518T- 16,395T- 7,340

762.9520.894.9

147.2

5.50

7.19

8.858.94

5.285.455.317.50

5.0756.84

T- 16,575T- 5, 382

T-427T-642

T- 2, 263T-412

T- 14,242T- 4,553

T-416T-456

T- 1, 988T-333

T- 16 4^0T-5 298

T- 393-584

T-2 ,211T-394

T- 14,589T- 4, 532

r 407T-450

T- 2,007T- 356

T- 178,947

r 64,825T- 14,572T- 10,692

r 10 302T- 2,875

T- 86,943T- 37,625T- 30,296T- 16,6437- 7,440

771.6529.694.4

147.6

5.50

7.15

8.858.94

5.065.225.087.50

4.9306.50

T- 15,0607- 4,704

T-3637-541

7" 2,162T-417

T- 14,522T- 4,487

T-377T-470

T- 2,039T-379

T- 15 844- 4 834

T- 361T-549

r 2, 266T-421

r 14,753T- 4,500

T-386T-469

T- 2,095T- 383

T- 179,487

T- 65,042T- 14,559T- 10,763

r 10 4957- 2, 913

T- 87,689T- 37,779

29,711T- 16,777T- 7,531

778.8533.195.4

150.3

7.286.887.62

7.287.517.337.52

6.43

7.11

8.838.91

4.905.054.927.50

4.8106.35

T- 16,813" 5,004

T-387T-567

T- 2,305T-431

T- 15,062T- 4,577

T-384T-436

T- 2,1677-401

T- 16,712r 5,312

T-403T-622

' 2,260T-430

T- 15,077T- 4, 630

T-406T-459

r 2, 148T-403

T- 181,237

T- 65,469T- 14,561T- 10,891

T- 10 563T- 2, 943

T-88,112T- 38,09030,053

T- 17,335T- 7, 647

784.4538. 997.3

148.2

5.25

7.10

8.878.90

4.624.704.56

4.3545.96

T- 19,588T- 5,162

T-382T-551

T- 3,050T-505

T- 15,337T- 4,514

7-371T-452

T- 2, 262T-407

T- 17,677T- 5,869

T-470T-624

T- 2,297T-441

T- 15,236T- 4,667

T-385T-463

T- 2, 228T-415

T- 185,489

T- 66,116T- 14,572T- 10,990

T- 11 351T- 3,041

T- 89,511T- 38,639

30,546T- 19,052T- 7, 741

786. 6540.990.9

148.8

5.25

7.03

8.828.84

4.814.744.64

4.5976.49

T- 13,921T- 4, 242

T-259T-401

T- 2,190T-450

T- 14,813T- 4,483

T- 366T-443

T- 2,273T-429

r 17 0727-5 440

T- 352T-558

T- 2,166T-460

T- 15,082T- 4,708

T-400T-463

T- 2,176421

T- 184,597

T- 65,874T- 14,466' 10,948

T- 11 269T- 3,062

T- 89,262- 38,79030,410

7- 18,378T- 7,757

796. 4545. 4101.5149.5

5.25

7.05

8.788.80

4.834.824.75

4.6626.69

T- 14,430T- 4, 889

T-309"•452

T-1 ,926T-412

T- 14,522T- 4, 403

T-379T-438

7- 2,104T-403

T-17,418T- 5, 747

T- 367T-564

T- 2, 384T-459

T- 15,594T- 4, 792

T-415T-477

T- 2,198T-420

T- 184,504

T- 66,361T- 14,396T- 10,962

T- 11,090T- 3,071

T- 89,223T- 38,86830,701

T- 17,860T- 7,852

803.0551.0103. 6148.4

5.25

6.97

8.748.76

4.804.874.77

4.6136.73

T- 18,739T- 6, 643

T-440T-643

T- 2, 244T-461

* 16,864T- 5, 325

T-427T-508

T- 2,363r471

T- 18 351T- 6,135

r 434T-638

T- 2, 381T-470

r 15,503T- 4, 809

T-386M78

7- 2,136T- 420

T- 186,379

T- 67,678T- 14,409T- 11,097

7- 10,9717- 3, 061

T- 90,187T- 39,188

31,448T- 17,585T- 7, 971

812.4557. 7102.8151.9

5.25

6.85

8.738.74

4.784.874.81

4.5406.58

T- 18,557T- 6, 229

r 479T-680

T- 2, 335T-440

T- 15,757T- 4,844

T-416T-497

T- 2,157T-425

T- 18 609T- 6,037

T-463T-660

T- 2,547T-467

T- 15,840T- 4,882

T-407T-479

T- 2, 2887*413

T- 189,187

T- 69,064T- 14,471T- 11,298

T- 11,149T- 3, 076

T- 91,837T- 39,561

31,912T- 17,734T- 8,142

819.4562.1104. C152.7

5.25

6.78

8.748.75

5.345.355.13

4.9426.76

T- 19,084T- 6, 392

T-431T-694

T- 2,454T-464

T- 16,121T- 4,898

T-424T-511

T- 2,398,7-415

T-18,3227- 5,973

T-402T-627

T- 2,589T-498

T- 15,803T- 4,785

7-420T-501

T - 2 , 4 1 6T-400

T- 192,143

T- 70,557T- 14,477T- 11,465

T- 11,205T- 3,125

T- 93,190T- 40,127

32, 704T- 17,911T - 8 , 2 1 1

825. 5567. 0105.3153.2

5.25

G.7G

8.788.78

5.395. 495.38

5.0046. 58

20,5447,097

481809

2,630497

16,5335,204

408527

2,373421

T-18,6135, 978

408677

2,604512

16, 3315,080

385503

2,385427

196,157

72, 45914,55111,742

11,4623,202

95,30740, 71233, 75018,0328,355

831.8574. 5102.9154.4

5. 25

8.798.83

5.435.415.38

5.1466.67

r Revised. v Preliminary. 1 Average for year. 2 Daily average. 0 Adjusted toexclude interbank loans. § For bond yields, see p. S-21. t Beginning Jan. 1959, monthlydata have been revised to reflect new seasonal factors and adjustment to bench marks for thelatest call date (Dec. 31, 1975). Revisions are available from the Federal Reserve Board,Washington, D.C. 20551. 9 Includes data for items not shown separately. % Data have

been revised back to 1970, noninstallment credit is no longer available on a monthlybasis. "Personal loans" and "other consumer goods paper" have been combined to form an"all other" category (not shown separately here). Earlier monthly data are available fromthe Federal Reserve Board, Washington, D.C. 20551. 1f Beginning Jan. 1973, data havebeen revised; revisions for Jan. 1973-April 1975 will be shown later.



Unless otherwise stated in footnotes below, datathrough 1974 and descriptive notes are a s shownin the 1975 edition of B U S I N E S S S T A T I S T I C S

1975 1976

Annual

1976


1977


FINANCE—Continued

FEDERAL GOVERNMENT FINANCE

Budget receipts and outlays:Receipts (net) ...mil. $Outlays (net) do.Budget surplus or deficit (—) do.

Budget financing, total doBorrowing from the public doReduction in cash balances do

Gross amount of debt outstanding do

Held by the public do

Budget receipts by source and outlays by agency:Receipts (net), total mil. $..

Individual income taxes (net) doCorporation incomo taxes (net) doSocial insurance- taxes and contributions

(net) mil. $.Other do....

Outlays, total? doAgriculture Department doDefense Department, military doHealth, Education, and Welfare Department

mil. $..Treasury Department doNational Aeronautics and Spaco A dm doVeterans Administration do

Receipts and expenditures (national incomo andproduct accounts basis), qtrly. totals seas. adj.at annual rates:f

Federal Government receipts, totnlf bll. $__

Personal tax and nontax receipts. ...doCorporate profit tax accruals doIndirect business tax and nontax accruals.doContributions for social insurance do

Federal Government expenditures, totalf.-do

Purchases of goods and services do

Nat ional defense do.

Transfer pay men ts doGrants-in-aid to State and local govts do...]Net interest paid doSubsidies less current surplus of government

enterprises bil. $..

Less: Wage accruals less disbursements...do

Surplus or deficit(-) do....

LIFE INSURANCE

Institute of Life Insurance:Assets, total, all U.S. life insurance cos bil. $

Government securities. do. ."Corporate securities doMortgage loans, total do.

Nonfarm do.

Real estate do..Policy loans and premium notes.. _ doCash do..Other assets I.do"

Life Insurance Agency Management Association:Insurance written (new paid-for insurance):

Value, estimated total mil. $.Ordinary (Inch mass-marketed ord.).._.do._.

Group... . _ do

Industrial . doMONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U.S. (end of period)...mil. $_.Net release from earmark§ _ doExports thous. $_.imports __ _ do

Production: IfSouth Africa mil. $Canada do .

Silver:Exports thous. $ 132,626 61,434 3,345 6,562 4,918Imports do.. 330,556 325,252 29,800 22,509 54,144Price at New York dol. per fine oz 4.419 4.353 4.812 4.774 4.237Production:

United States. . . _.thous. fine oz... 36,627 26,708 2,723 1,578 1,774r Revised. v Preliminary. i Data shown in 1975 and 1976 annual columns are for

nscal years ending June 30 of the respective years; they include revisions not distributedto months. 2 Includes $1,694 mil. Vets group life ins. 9 Includes data for items not shownseparately.

280, 997^326,105-45,108

145,108i 50, 853i-5,745

544,131396,906

280,997122,386*40,621

186,4411 31,549

324,601i 9, 725

i 85,420

112,411i 41,177i 3,267

i 16,575

286.9

125.643.124.094.2

357.1

123.383.9

149.154.623.3

6.7

.0

-70 .2

289.3015.18

133.9089.1782.41

9.6224.471.92

15.05

* 288,857185,7792 96,349

6,729

11,59993

458,853456, 638

960.968.7

300, 005366,456-66,451

' 66,451'82 ,913-16,462

i 631,285479,719

i 300,005i 131,603141,409

i 92,714i 34,281

i 365,610i 12, 796i 88,036

• 128,7851 44,335i 3,670

i 18,415

332.3

147.355.923.4

105.7

386.3

130.186.8

162.061.027.2

5.9

.0

- 5 4 . 0

321. 5520.26

154. 9391.5584.13

10.4825.832.00

16.50

319, 653219,336103,940

6,378

11,598331

375,048331,017

962.465.2

37, 61530, 601' 7, 014

22, 660'•33,952'-11,292

-7 ,0143,847

-10,861

631,285479,719

37,61516,03710,000

6,9714,607

30,6011,2487,622

11,3192,949

2861,254

329.1

143.957.023.2

105.0

375.3

128.586.0

157.856.826.7

5.5

.0

-46.2

305.2217.85

145.3189. 7182.70

9.9825.14

1.5115.73

28,87018,24810,064

558

11,59814

11, 69638,069

83.66.1

' 11,2926,4384,854

'635,260 644,394485,683

22,66011,201

1,513

7,0682,353

33,9521,1097,246

11,2345,126

3441,351

27, 360'29,605

- 2 , 245

494,417

27, 36012,088

689

11,6142,969

29, 6051,266

11,3183,065

3591,385

307.6018.77

146.0989.7482.67

10.0225.251.36

15.76

23,25616, 2726,492

492

11,598

41,74424,480

81.55.4

' 2, 245' 8, 737•-6,492

309.8719. 26

148.1989.8882.75

10.1125. 371.23

15.83

27,24217, 2679, 453

523

11,59842

85.49922.500

84.05.7

31,75331,189

'564

' - 5 6 4' 3, 332'-3,896

645,748497,696

31,75315,5136,259

7,0772,905

31,1891,4757,855

11,7881,538

2501,222

12,9814,3868,595

649, 276502, 713

21,01811,0951,027

6,1992,697

34,000982

7,244

11,6354,743

3681,382

150.356.923.

106.2

390.6

130.286.4

163.963.127.3

6.1

.0

-53.5

312.8719.54

150.0090.2083.02

10.1325.491.18

16.33

25,66216,9198,193

550

11,598- 2 5

40, 73339,808

85.36.5

7,32422,8614. 295

21,01834,000

-12,981

25,69833,083

-7,385

7,3856,738

647

656,282509,451

25,69812,535

699

9,4323,032

33,0831,8757,820

11,9833,290

3591,723

314.8420.20

151.1090. 2983.07

10.2325.59

.9116.50

24,40917, 7206,171

518

11,59885

75,34127, 258

83.25.7

2,60123, 249

4. 225

29,47231,891

-2 ,419

2,4196, 306

-3,887

664,794515,757

29,47212,6637,633

6,2072,969

31,8911,1658,305

11,9686,257

3451,459

344.5

317.5020. 66

152.1190. 7983.50

10.2425. 70

1.1710.82

27,61918, 3948,718

507

11,59848

8,39523,134

81.16.1

2,91231,5334.369

157.155.123.8

108.4

400.4

134.288.4

166.365.5

1.5

6.0

.0

-55 .9

321.5520. 26

154.9391. 5584.13

10.4825.832.00

16.50

39,80321,97317,350

480

11,59843

52,80533, 933

75.26.3

5,30438,7654.348

29,97732, 640

- 2 , 664

2,6643,157- 4 9 3

664,852518,914

29,97718,1081,694

7,3202,853

32,6401,3728,004

11,9184, 689

2751,640

24,32730, 880

- 6 , 554

6,5549,118

- 2 , 564

674, 280528,033

24, 3278,515

948

10, 7644,099

30, 8801,2867,907

12,1363, 034

3211,574

322.4919. 75

157. 2691.6284.19

10. 5525.92

1.5115.88

26, 00215, 9709,534

498

11,65871

142,50930, 384

73.55.8

5,36736, 4584.409

25,17134, 646

- 9 , 475

9, 4755,3514,124

680,141533, 383

25,1716,1318,719

7,4132,908

34, 6461,7058,146

12, 4583,090

3521,611

364.9

170.055.424.:

324.1620.12

158. 3891.6584.13

10.6326.051.37

15.96

24, 72217,1147,114

494

11,65039

;65, 29223, 349

72.65.8

23,6724.535

115.4

403.7

136. 389.7

170.762.028.6

6.1

.0

-38 .8

326. 7520. 98

158.7091. 7984.15

10.7426. 211.56

16.75

30,11620,8588,649

609

11,63633

5, 89825, 981

78.56.4

3,55741,8544.842

40,01635,547

4, 469

-4 ,4691,206

—5,675

<681,905534, 590

40,01618, 6607,974

10,703' 2,078

35, 5471, 8257,745

12,3185,196

3221,683

27,67233, 71")

-6 ,043

0,043-2 ,871

8,914

G82, flfi")531, 719

27,0729,4121,090

14,2032,901

33,7151,1027,954

12,3113,170

3091,049

328. 7921. 03

160. 2992. 2084.38

10.8026.361.48

16.63

26, 72219,4006,786

536

11,636- 1 1

1, 90823,716

78.55.7

6,71431,1704.777

331. 0321.08

101. 5292. 308-1. 43

10.822(5. ">01.02

17.12

27, 41420,11")6,717

582

11,62961

67,10428, 825

79.00. 9

4, 62925,7964.692

> 370. 9

'108 .0v 59. 0

' 143. 4' 93. 4

• 109. 303. 0

' 29.1

' "). 9

p-40. 4

30,99021,0249,430

530

11,02037

80.2

4,63230, 2304.443 4. 498

1,796 2,104 2,430 4,388 2,085 2,026 1,644 2,169 c 2,44(1 2,800

t D a t a have been revised back to 1946 (see table 3.2 in the Jan. 1976 S U R V E Y for earlier da ta ) .§ Or increase in earmarked gold ( - ) . If Valued at $38 per fine ounce from Jan . 1972-Sept.

1973; at $42.22 thereafter. «Corrected.




1975 | 1976

Annual

1976


1977


FINANCE—Continued

MONETARY STATISTICS—Continued

Currency in circulation (end of period) bll. $..

Money supply and related data (avg. of daily fig.) :©Unadjusted for seasonal variation:

Total money supply bll. $..Currency outside banks doDemand deposits do

Time deposits adjustedi doU.S. Government demand deposits^ do

Adjusted for seasonal variation:Totalmoney supply do.

Currency outside banks do_.Demand deposits do.

Time depositsadjustedi do..

Turnover of demand deposits except interbank andU.S. Govt., annual rates, seas, adjusted:

Total (233 SMSA's)©..ratio of debits to deposits..New York SMSA do.. . .

Total 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 Comm.):Net profit after taxes, all industries mil. $..

Food and kindred products _.doTextile mill products doPaper and allied products doChemicals and allied products do

Petroleum and coal products 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 do

Transportation equipment (except motorvehicles, etc.) mil. $..

Motor vehicles and equipment doAll other manufacturing industries do

Dividends paid (cash),all industries do....

SECURITIES ISSUED

Securities and Exchange Commission: §Estimated gross proceeds, total mil. $..

By type of security:Bonds and notes, Corporate doCommon stock doPreferred stock do

By type of Issuer:Corporate, total 9 mil. $_

Manufacturing do___Extractive (mining) doPublic utility do. .

Tra nsportation do.Communication do..Financial and real estate do..

State and municipal Issues (Bond Buyer):Long-term _ __ do.Short-term __ _do

SECURITY MARKETS

Stock Market Customer Financing

Margin credit at brokers and banks, end of month,total mil. $..

At brokers. do.At banks ~__~~~_~~~~do.---

Free credit balances at brokers:Margin accounts doCash accounts do . . .

' Revised. v Preliminary. i End of year. 2 Beginning Jan. 1974, does not includenoncorporate bonds and notes formerly included. ©Effective February 1976 SURVEY,data revised to reflect: Annual review of seasonal factors; regular benchmark adjustment;effect of changes in check collection procedures (Regulation J); and adjustments to includenew figures from internationally oriented banking institutions. Monthly revisions back to1970 are in the Feb. 1976 Federal Reserve Bulletin.

6.5

289.571.0

218.5436.1

3.7

128.3335.0

82.9119.168.8

49,1355,154

4091,8016,703

9,307968663

2,280

2,523

6,3112,564

1,0391,7377,481

19,968

56,131

41,664

7,4133,458

52,53918,6511,62815,894

2,6344,4646,838

29,32628,973

16,50015,540

U751 1,525

93.7

304.277.8

226.5468.0

4.2

143.9391.9

90.7129.475.7

64,5195,826

8092,2707,610

11,7251,447

9132,085

3,196

7,8894,073

1,6875,0999,890

22,763

57,647

41,070

8,3052,789

52,16115,4791,771

14,395

3,5963,561

10,229

33, 84521,905

8,166829

5851,855

>8.9

302.677.8

224.8466.3

4.8

303.277.5

225.6465.3

145.0400.8

90.9131.9

75.1

18,0791,579

258662

2,102

2,995468307656

915

2,0461,084

4751,7532,779

5,423

6,826

5,014

1,035360

6,4101,480225

1,348

2431,4081,390

2,9263,097

8,2767,2481,028

540

88.9

305.478.7

226.7469.1

3.5

305.078.1

226.9469.0

145.8405.0

89.9128.674.9

3,912

2,498

540

3,1271,198

189932

7026

567

2,5671,138

8,4177,519

5301,635

19.5

303.578.9

224.6470.0

3.7

306.578.6

227.9468.9

148.6400.6

94.8138.278.1

3,190

2,513

464214

3,1901,031

67919

13212664

2,6091,651

8,6837,6221,061

5551,605

,9.5

304.979.0

225.9473.0

5.0

306.979.2

227.7472.5

145.8393.7

93.9136.177.7

16,0171,678

165574

1,923

2,889497232507

840

1,987987

446686

2,606

5,555

4,919

3,940

418136

4,494753108

1,465

1,117140

2,6782,402

8,7887,7071,081

5551,710

90.3

309.379.6229.7477.84.0

310.479.8230.6477.8

146.4416.2

89.7126.675.5

4,445

3,236

673276

4,1851,349

181,413

130155

3,5201,244

8,7727,7041,068

6111.580

93.0

312.380.7

231.6480.5

4.2

310.480.2

230.2484.2

147.3395.1

92.213L778.4

4,175

2,614

408282

3,304510105

1,327

112190754

3,2491,510

8,6407,790

850

6151,740

3.7

321.3' 8 2 . 0239.3488.2

4.7

312.480.5

231.9491.1

153.5419.8

97.0136.981.7

15,5751,314

133471

1,630

2,963344190468

681

2,0411,200

4011,2842,455

6,582

6,456

5,290

612308

6,2082,386275

1,156

462195

1,216

2,3331,126

8,9958,166829

5851,855

91.2

319.780.5

239.2494.6

4.2

313.881.1

232.7495.6

154.3443.5

94.6133.979.4

3,908

3,002

499103

3,605905206

3,3711,363

820

6451,9

91.7

309.980.8229.1498.64.4

314.081.8232.1500.0

153.3437.3

93.8129.979.9

3,137

1,833

692128

2,652742171435

1558477

3,1361,324

9,5098,679830

6051,815

93.4

312.481.6230.9504.64.5

315.482.2233.2502.8

155.2436.0

97.3135.282.5

15,5841,164168482

1,934

2,999160258204

726

1,9371,055

4461,6552,396

6,049

4,564

4,644

675520

5,8401,125154

1,598

317808

1,462

4,0261,506

9,6878,891796

6051,720

94.0

322.382.8239.6507.75.6

320.583.1237.4505.7

158.2465.2

96.8134.782.1

2,160

2,721

428163

3,3121,348147774

100334529

3,4485,000

9,8879,078

'615•1,715

95.6

315.583.4232.1511.83.8

320.783.6237.1509.2

160.2474.9

97.7139.881.7

4,2371,334

10,0689,267801

6251,710

96.7

321.484.2

237.1516.1'5.2

' 321. 984.0238.0514.8

160.6452.1

100.8135.987.7

' 5, 668r 2,294

5951,8

p 372.285.7241.5519.63.9

326.885.1241.7519.5

2,9451,344

f a l commercial banks.©Total 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. § Data revised back to 1973; no monthly revisions for 1973-75 areavailable.

9 Includes data not shown separately. c Corrected.



Unless otherwise stated in footnotes below, datathrougfi 1974 and descriptive notes are as shownin the 1975 edition of BUSINESS STATISTICS

1975 1976

Annual

1976


1977


FINANCE—Continued

SECURITY MARKETS—Continued

Bonds

Prices:Standard <t Poor's Corporation:

High prade corporate:Composited1 dol. per $100 bond-

Domestic municipal (15 bonds).. _ _ do_ .

U.S. Treasury bonds, taxable^ do...

Sales:Total,excl. U.S. Government bonds (SEC):

All registered exchanges:Market value mil. $.Face value ___ do

New York Stock Exchange:Market value do__.Faco value.- - do

New York Stock Exchange, exclusive of somestopped sales, faco value, total mil. $

Yields:Domestic corporate (Moody's)§ percent

By ratingAaa doAa _ doA doBaa do

By group:Industrials. doPublic utilities doRailroads. do

Domestic municipal:Bond Buyer (20 bonds) do...Standard & Poor's Corp. (15 bonds) do

U.S. Treasury bonds, taxable© do...

Stocks

Dividend rates, prices, yields, and earnings, com-mon stocks (Moody's):

Dividends per sharo, annual rate, compositedollars

Industrials _ doPublic utilities. doRailroads.. _ .__ doN.Y.banks doProperty and casualty insurance cos do

Price per sharo, end of mo., composite do...Industrials rtnPublic utilities do

Yields, composite percentIndustrials doPublic utilities doRailroads. _ doN.Y. banks doProperty and casualty insurance cos do

Earnings por share (indust., qtrly. at ann. rate;pub. utll. and RR., for 12mo. ending each qtr.):

Industrials dollars..Public utilities _ doRailroads.. do

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: cfCombined index (500 Stocks). 1941-43=10

Industrial, total (400 Stocks) 9 . doCapital goods (111 Stocks) doConsumer goods (189 Stocks) do

Utilities (40 Stocks).. doTransportation (20 Stocks)* 1970-16"

Railroads (10 Stocks) 1941-43 = 10Financial (40 Stocks)* 1970=10

New York City banks (6 Stocks)" 1941-43=10""Banks outside N.Y.C. (10 Stocks) doProperty-Casualty Insurance (6 StockfO _do_.

56.268.9

57.44

9,345.9010,70S.85

9,070.2010,302.08

5,178.34

9.57

8.839.179.65

10.61

9.259.889.39

7.086.89

6.98

0)

(<)

(«)

0)

8.36

247.25802.4979.81

163.39

86.1696.5694.6381.18

41.17

37.48

80*. 5288.72

58.072.5

58.96

5,262.11

9.01

8.438.759.099.75

8.849.178.85

6.566.49

6.78

8.06

303. 91974.92

92.28214.03

102.01114. 35115.5292.73

48.16

45.87

9?! 96105.01

56.869.3

57.86

413.29

9.16

8.628.899.249.89

8.969.368.88

6.876.85

6.92

8.10

304.34985. 5986.16

218.84

101. 77114.50117. 5090.26

45.6114.5346.5611.2655.44

102. 6194.44

57.171.1

58.38

388.78

9.08

8.568.819.149.82

8.909.268.81

6.736.64

6.85

8.08

310. 90993.2090.31

225.92

104.20116.99119.6293.37

47.4914.9647.7511.8355.13

104.45102. 68

57.974.1

58.88

378.04

8.93

8.458.668.989.64

8.799.078.75

6.526.28

6.79

7.99

307.85981. 6392.91

220.06

103. 29115. 63118.1092.95

48.8114.4746.9011.9354.00

101. 30111.72

58.874.8

59.54

397.11

8.79

8.388.548.819.40

8.668.918.66

6.476.20

6.70

7.90

311.79994. 3796.63

219.55

105.45118.15118. 8494.75

50.6314.3346.5911.9651.96

C98.13113.52

59.176.3

59.93

365. 41

8.71

8.328.488.739.29

8.588.838.54

6.336.06

6.65

7.80

300.04951. 9597.33

208.18

101.89114. 03113.1692.34

50.1813.5844.8911.5349.4094.65

113.33

59.276.4

60.21

387.33

8.66

8.258.468.699.23

8.548.778.48

6.036.05

6.62

7.80

303.03944. 58

99. 59217. 53

101.19112.96111.3390.98

50.5513.9946. 9311.5847.7394.88

113. 66

61.380.0

62.05

519. 59

8.47

7.988.248.539.12

8.338.618.39

5.835.69

6.39

7.70

317. 03976. 86105. 33232. 43

104.66116. 33114.3092.90

53.0114.9750.4812.4251.25

106. 37119.40

60.379.9

59.73

495.77

8.41

7.968.168.459.08

8.248.59

'8.27

5.935.70

6.68

7.54

317. 79970. 62108.88232. 67

103.81115.17113.1291.21

54.0114.8550.2412.3053.49

107.79115.06

59.479.3

56.23

366.81

8.48

8.048.268.499.12

8.338.63

'8.26

5.925.75

7.15

7.55

308.93941.77107.49227.29

100. 96112.14110. 7187.93

52.8814.1249.2711.7551.20

102.44109.29

59.179.3

55.83

412.69

8.51

8.108.288.559.12

8.368.66

'8 .26

5.855.76

7.20

7.56

#309. 63946.11106. 48225. 94

100.57111.88111.5286.85

52.1414.0850.2111.5749. 34

100.68107.00

59.480.8

56.31

347.46

8.49

8.048.288.559.07

8.328.65

'8 .17

5.685.61

7.14

7.60

308.71929.10107.71231.00

99.05109.89110.7684.03

52.5714.3852.8311.4147.9497.47

108.19

59.280.5

56.06

390.74

8.47

8.058.288.559.01

8.308.648.12

5.725.64

7.17

7.63

312.74920. 31110.49240.75

98.76109.10109. 2883.43

53.6815.0054.1411.5947.6396.14

117.06

60.181.6

57.38

450.47

8.38

7.958.198.468.91

8.238.53

'8.06

5.565.53

6.99

7.62

311.38916. 50113. 63237.48

99.29109.46108.1784.36

55.2914.8253.0611.7447.6195.30

121.39

60.081.9

57.48

365.10

8.33

7.948.128.408.87

8.188.488.02

5.625.50

6.97

7.51

311. 20908. 20117.11230. 39

100.18110.12107. 0985. 21

56. 9514. 08f>3.1212.11o0.0498.88

121.13

nUjTslwn latr r a v a i l a b l e ' § Revised yields by rating for Jan. 1974-Nov. 1976cf Number of issues represents number currently used; the change in number does not

affect continuity of the series,assumed 3 percent 20-year bond.

9 Includes data not shown separately. *New series.

% Prices are derived from average yields on basis of anO For bonds due or callable in 10 years or more.



Unless otherwise staled in footnotes below, datathrough 1974 and descriptive notes are as shownin the 1975 edition of BUSINESS STATISTICS

1975 1976

Annual

1976


1977


FINANCE—Continued

SECURITY MARKETS—Continued

Stocks—Continued

Prices—ContinuedNew York Stock Exchange common stock indexes:

Composite 12/31/65=50..Industrial doTransportation doUtility do__-.Finance 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.

45.7350.5231.1031.5047.14

157,2606,221

133,6845,051

4,693

685.1122,478

54.4660.4439. 5736. 9752.94

1 194,9691 7,036

' 164,5451 5, 649

5,360

858. 3024, 500

54.2360.7040.4135.1651.82

14, 904522

12,618426

417

809. 2023, 263

55. 6862.1142.1236.4954.06

16,392564

13,671452

394

806.8223,709

55.1861.1440.6337.5654.22

12,942450

10,983362

347

810.0623,924

56. 2962.3540.3638.7754.52

14,616500

12,451405

415

827.0524,080

54.4360. 0738.3738.3352.74

15,158507

12,736408

809.4424, 212

54.1759. 4539.2838.8553.25

12,983504

11,089413

381

810.8124,354

56.3461.5441.7740.6157.45

18,759685

15, 692541

858. 3024,500

56. 2861. 2641.9341.1357.86

17,436647

14,526509

502

822. 5324,532

54.9359.6540.5940.8655.65

15, 794575

13, 309457

398

802. 5024,612

54. 6759. 5640. 5240. 1854.84

15, 890579

13, 223453

435

795. 8324, 681

53.9258.4741.5140.2454.30

15,645554

12,884429

403

800. 08

24, 787

53. 9658.1343. 2541.1454.80

15,949569

13,370

454

426

788. 3125, 092

54.3058. 4443. 2941.5955.29

15, 619617

13, 254504

484

828. 4625, 428

54.9458.9043.5242.4457.29

450

815. 7425, 668

FOREIGN TRADE OF THE UNITED STATES

VALUE OF EXPORTS

Exports (mdse.), Incl. reexports, to ta ls mil. $..

Excl. Dept. of Defense shipments do

Season all y adj us ted do

By geographic regions:Africa do..Asia do.Australia nnd Oceania do_.Europe do_

Northern North America do..Southern North America do_South America do_

By leading countries:Africa:

Egypt do_Republic of South Africa do_.

Asia; Australia and Oceania:Australia, including New Guinea do_India do_Pakistan do_.Malaysia do-

IndonesiaPhilippines.Japan

Europe:France doGerman Democratic Republic (formerly E.

Germany) mil. $..Federal Republic of Germany (formerly W.

Germany) mil. $_.

Italy do_...Tinion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada ..do.

Latin American Republics, tytal 9 doArgentina doBrazil __ doChile do____Colombia doMexico doVenezuela do

Exports of U.S. merchandise, totald1

Excluding military grant-aidAgricultural products, totalNonagricultural products, total

do—_

"do""_. .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 do_I__Soybeans, exc. canned or prepared doMetal ores, concentrates, and scrap do

'Revised. i Annual total reflects revisions not distributed to the monthly data.cTData may not equal the sum of the geographic regions, or commodity groups and principal

107,591.6

107,130.4

4,948.928,223.2

2,339.532,731.8

21,752.48,288.18,802.6

682.71, 302. 4

1,835.01,289.7

372.0393.4

810.1831. 5

9,562.7

3,031.0

17.3

5,194.1

2, 866.91,834.64,527.4

21,743.9

15,655.0628.3

3,056. 2533. 4643.0

5,141.32, 243. 3

106,102.1105,641.021,885.784,216.5

1-5,484. 3527. 7

11,641.7

1, 308. 4

9, 783. 6991.2

2, 865. 21, 355. 2

114,992.4

114,802.3

5, 205. 929, 731. 2

2, 689. 935, 902. 9

24,113.58, 367.78,600. 5

810.01, 347. 8

1,134.7394.3535.6

1, 036. 0818.6

10,143. 9

3,448.9

64.9

5, 729. 8

3, 068. 42, 308. 24,798. 5

24,108. 9

15, 492.1543.7

2, 809.1507.7702.7

4, 989. 52, 627. 8

113,323.1113,133.022, 996. 390, 326. 8

15, 709. 7798.0

10,910.9

1, 523. 3

10,891.41,048.73, 315.41, 284. 5

"9,859.3

"9,846.4'9,722.0

513.62,448.9

301.82,814.0

2,244.6750.3731.5

57.3138.1

224.762.716.354.1

67.861.1

858.9

289.6

2.3

401.7

277.7183.3364.5

2,244. 2

1,349. 941.2

229.840.666.7

451. 5234.4

9,727.09,714.01,823.87,906.9

1,281.367.6

886.4

89.7

875.189.0

265.8110.9

'9,319.7

'9,315.1-9,956.3

449.82, 718.1

217. 92,789. 5

1,699.4692. 0746. 2

73.3120.2

185.0105.622.644.4

64.170.4

954.7

265.1

1.6

379. 7

225.1195. 3429.9

1, 699. 0

1, 310. 639.9

254.040.869.9

414.0216.2

9,178.61), 174.0

'98. 67,390. 5

1,357. 955.8

963.3

78.4

803.780.1

189.9134.9

r8,893.9 '9,215.5

8,824.3 '9,16o.9•9,733.4 '9,795.8

452.72,442.4

205.02, 604.1

1,818.8651.3699.9

64.2107.2

167.796.048.564.2

84.369.3

834.8

239.6

8.5

417.4

194.4136.5360.5

1,818. 7

1, 243.139.0

240.363.255.1

405.3190. 9

8,763.38,693.8

1,759. 67,004.9

1, 367.065.2

983.7

101.5

768.985.9

150.2108.2

429.42,445. 7

230.62, 736.0

1, 993.1648.5679. 2

72.9128.7

189.6129.242.559.9

96.168.3

813.9

266.6

6.8

419.6

236.9104.5395.9

1,992.7

1,202.144.4

227.446.653.7

371.4210.3

9,058.09,008. 3.,796.9T, 261.1

1,321.665.4

916. 9

131.1

823.5115.4151.5125.7

10,084.2 '9,691.9 '10,784.9

'9.686.7 '10,870.8'9,593.6 '10,397.1

10,079.8'9,697.7

471.92,571.6

218.23, 356.1

2,075. 9638. 8698.3

66.1100.4

182. 3107.241.747.6

87.799.4

897.1

354.2

8.1

608.9

306.7122.1469.7

417.02,400. 2

235. 33,097. 7

, 070. 3662. 4742.7

55. 9103.5

195. 579.725.147.8

55.761.7

915.3

285. 0

6.9

570.1

269. 0174.2381.6

2,075.4 2,070.0

1,219.3 1,267.539. 6 51. 7

200. 862.154.4

367.4234.8

9, 929. 79, 925. 32, 250. 77,679.0

1,515.978.0

1,046.0

149.7

1,049.480.7

401.8102.8

211.942. 656. 6

358.1265. 7

9,534. 9d, 521). 72,120. 97, 414. 0

1, 299. 263.5

852.7

120.5

1,118.293.9

448.7100.7

510.32,710.2

267.13, 564. 8

2, 053. 8778.2906.3

64.9113. 5

224.180.328.746.9

92.954.5

894. 8

295.0

3.6

606.2

277.0172.4454.0

2,053. 7

1,543. 7102.5221.158.785.5

436. 6278.1

10,610.110,606.02,081. 48,528. 6

1,220.869.0

770.8

191.9

1,101.9130.4386.3104.5

I, 992. 7

I, 975. 99, 598. 9

371.22,430. 5

195. 52, 922.1

1,891.4562.5619. 4

60.288.7

161.157.123.544.2

57.558.2

899.2

271.8

4.2

471.4

229. 3179. 6411.3

1,891.2

1,063.246.5

177.146.143.1

294.1205.0

8,834.38,817.61,906.86, 927.5

1,077.054.4

679. 4

166.3

1,040. 8126.2369. 393.5

9, 408.'

9,403.'9, 807.1

413.02,367.5

238.83,140.9

2,012.8584.8650.8

76.8128.9

199.539.914.140.5

58.778.3

914.3

317.7

4.3

484.6

255.1196.0446.5

2,012.7 2,500.1

11,052.3

11,044.510,071.6

525. 92,825.0

245. 23, 507. 3

2,500. 4730.5717.9

121.391.5

202.274.331.941.8

72.971.0

976.9

333.3

4.8

543.2

307.9223.6485. 9

1,113.138.1

195.130.146.8

312.1223.6

9, 275. 79, 270.72,045.97, 229.9

, 114.160.7

741.6

133.7

181.5433.973.8

1,320.555.2

182.448.676.4

408. 9240.8

10,857. 210,849.32, 293.18,564.1

1, 287. 765.4

801. 9

157.2

1,241.8189.3455.194.6

10,546.0

10,540.59, 970. 2

483.62, 698.5

241.23, 358. 2

2,200. 7087.1772.0

104.987.9

201.139.435.744.5

04.901.7

859.7

319. 0

.0

539.8

289.8239. 8460. 9

2,200. 3

1,320.857.2

233. 935.861.5

301.3250. 0

10,348.110,342.02,208. 98,139. 3

1,232.004. 9

780.1

112.0

189.4518.4101. 4

10,800.4

10,801.310,394.0

523.72,903.5

222.33,200.2

2,438.5074. 5748.4

102.395.4

180.087.148.338.8

50.509.8

901.7

311.8

2.1

550.1

254. 9104. 9450.3

2,438.1

1,305.752.5

210. 940.207.7

373. 0247. 0

10,074.03,009.0

2,199. 48,474. 7

232. 209. 2

755. 7

128.8

,310.8143.0528.1110.0

10,254.9

10,251.910,112.3

1,145. 9

142.5

,051.0

9,508.5

9,505. 310,149.8

1,161.9

150. 0

908.7

commodities, because of revisions to the totals not reflected in the component items.9 Includes data not shown separately.




1975 1976

Annual

1976


1977


FOREIGN TRADE OF THE UNITED STATES—ContinuedVALUE OF EXPORTS—Continued

Exports of U.S. merchandise—ContinuedBy commodity groups and principal commodi-

ties—ContinuedMineral fuels, lubricants, etc. 9 mil. $.

Coal and related products do . . .Petroleum and products do._.

Animal and vegetable oils, fats, waxes do.

Chemicals - do.

Manufactured goods 9̂ 1 do.Textiles do.Iron and steel do.Nonferrous base metals do.

Machinery and transport equipment, totalmil. $.

Machinery, total 9 do__.Agricultural do._.Metal work ing do . . .Construction, excav. and mining do _.Electrical do__.

Transport equipment, total.. do . . .Motor vehicles and parts do . . .

Miscellaneous manufactured articles do . . .

Commodities not classified do . . .

VALUE OF IMPORTS

General Imports, total do._.Seasonally adjusted do._.

By geographic regions:Africa doAsia do. . . .Australia and Oceania doEurope do"""

Northern North America doSouthern North America doSouth America do

By leading countries:Africa:

Egypt do.Republic of South Africa do.

Asia; Australia and Oceania:Australia, including New Guinea do. . .India doPakistan do . . .Malaysia doIndonesia do . . .Philippines doIIIJapan do. . .

Europe:France doGerman Democratic Republic (formerly E.

Germany) mil. $Federal Republic of Germany (formerly W.

Germany) mil. $.Italy doUnion of Soviet Socialist Republics,., doUnited Kingdom do. .

North and South America:Canada do.

Latin American Republics, total 9 _ .doArgentina _ doBrazil _ "do"c h i l " " i n i ii n i i d o :Colombia doMexico IHIIII.IIdoIIIVenezuela Ido l" .

By commodity groups and principal commodi-ties:

Agricultural products, total mil $Nonagricultural products, total do..I!Food and live animals9 do. .

Cocoa or cacao beans __ _ I doCoffee.. IldoIII!Meats and preparations _ doSugar IllldoIIi;

Beverages and tobacco do_.

Crude materials, inedible, exc. fuels 9 doMetal ores " d oPaper base stocks "I doTextile fibers '_"'_'_'_ d o " " "Rubber dn

Mineral fuels, lubricants, etc doPetroleum and products Illldol!

Animal and vegetable oils and fats doChemicals Illllldo"Manufactured goods 91f _ do

Iron and steel do"Newsprint _ doTNonferrous metals I do"Textiles .—_IIIIIIIIIIIIIIdo:

4,469. 53,343.0

D07.9

943.8

8,691. 2

10,919.21,624.52,457.01,090.0

45,667. 6

28,477.12,092. 2

918.24,733. 87,582. 0

17,190. 510,028.2

5, 672. 7

3,162. 0

96,116.0

8, 304. 627,054.61,508.2

21,465.9

1,754.78,821.67,219.3

27.5840.9

1,183.0548.248.8

766.42,220.6

754.211,268.0

2,136. 9

11.2

5,381.52,397.1

254.43,784.4

21,746.7

.1,839.8214.6

1,464.3137.7590.2

3,058.63,623.9

9.489.816,650.5

8,503. 3321.1

1,560.91,141.21,870.1

1,419.5

5, 566.21,976.71,067.5

174.4364.7

!6,475.6!4,814. ?

553.93.695.9

14,702.54,594.51,427.32,580.71,218.6

4,226.12,98

997.9

978.1

9, 958.2

11,204.81,970.01, 906.1,088.4

49,509. 9

31,289.02,107. 7

949. 24,945.19, 278. 0

18,220. 9

10,949.1

6,572. 3

2,749.4

120,677.6

12,639. 339.366.11,671.1

23.640.2

26,246. 99,347. 57,760.5

92.5924.8

1,285.7708.269.8

939.63,004. 3

882.9[5,504.2

2,509. 3

13.6

5,591. 22,529. 7

220.24,253. 7

26,237.6

3,226. 6307.9

1, 736. 6221.6654.8

3,598.13,574. 4

1,178.709,498.7

L0,267.4357.9

2.632.31,447.01,154.0

1,623.7

7,013.82,250. 81,275. 5

249.3520.0

!3,996. 2U, 794. 5

463.94, 771.8

.7,615.24,346. 61.742.43,500. 81,634. 8

403.8314.472.5

78.3

840.8

959.169.2157.888.1

4,395.5

2,668. 7186.566.2

442.5769.2

1, 727. 0

1,009.9

558.2

244.4

10,579.'10

1,106.03,414.8

177.42,022. 3

, 331.0883.0643.1

1.195.8

124.965.75.8

97.8222.355.7

399.4

206.5

491.7214.526.3

376.9

, 330.8

, 193.826.2

135.222.658.6

330.4294.9

,038.2, 540. 0

980.231.3

239.9149.3121.8

136.2

652.3246.6115.817.849.6

:,835.8659.8

30.1388.1

649.6411.4161.0362.4138.5

347.4241.491.2

850.7

898.4150.6174.90.4

3,970.1

2, 678. 0181.287.2

469.4814.2

1,292.0733.0

537.5

248.2

10,563.'10,717.:

1, 228. 93, 589. 0

140.71, 985. 8

2,177.0747.3694.7

5.9

114.566.06.2

88.0285.380.6

354. 5

217.9

1.7

467.9230.021.9

333.7

175. 9

142.425.4

180.520.343.2

274.9336.2

960.5, 603. 3

903.426.4

276.7127.990.8

123.0

649. 8220.3108.621.845.9

036.8877.6

34.2385.9

547.8352.2164.7322.5142.1

304.8214.475.2

839.8

892.8147.6165.1

96.

3,728. 9

143.162.6

356.4755.3

1, 363. 6

508.0

191.3

10,453.10,477.

1,158.3, 725. 5

150.11,988. 4

2,058. 9711.659.0

9.66.2

120.549.45.7

72.0304.283.5

, 407. 8

213.8

1.1

432.9240.823.6

378.3

!, 057.7

., 095.128.2

146.816.244.0

275.3305.6

914.6i, 538. 5

33.8249.1111.8120.0

104.9

619.5232.2112.519.333.2

164 6987.5

35.6368.3

1,538. 0371.5168.4320.3128.8

387.8291.782.9

91.5

785.4

910.0171.4153.089.6

3,846. 6

2,491.5133.364.3

380.3766.6

1, 355.1887.9

544..

215.7

10,384.10,651.1

1,106. 63, 601. 6' 152.31,865.

2, 286. 2715.3657.6

13.595.8

105.359.45.0

98.3261.6109.2330.4

177.4

1.2

421.0187.318.6

371.8

, 285. 7

065. 932.1

140.225.754.3

266.0293.4

909.4, 476. 0

851.230.9151.9121A132.4

123.5

678.6246.0106.217.656.0

!, 959. 6!, 784. 5

43.2368.4

558.1393.3147.6305.0128.6

407.294.490.9

83.1

816.3

906.7174.4140.597.0

4, 229.0

2,726. 9161.162.1

415.3833.3

1,502.1915.2

560.1

10,023.:10,555.:

1,098. 73, 312. 8

151. 31, 950.

2,171.7710.4643.

26.9106.7

127.654.53.5

64.4199.462.9

, 296.7

204.6

1.1

482.0190.519.9

368.4

1,171.5

,062.529.5

120.916.439.8

281.0306.9

817.6, 222. 3

776.514.3

164.9122.899.7

139.1

602.4202.9102.322.240.2

823.1609.6

18.6471.6

520.1398.0157.9285.2122.2

379.1270.3

79.0

827.

904.8170.5147.692.0

4,067.7

2,530.4150.278.8

374.8733.2

1,537.3997.6

541.4

191.2

11,061.610,622.9

1.110.33,714. 5

153.02,166. 7

2.338.4836.0742.4

95.0

117.353.35.7

105.7296.692.1

, 426. 9

294.8

1.5

541.7214.420.4

356.5

!, 337.4

, 264. 729.5

210.516.662.9

356.5304.5

990.0L0,071.7

924.323.8

294.9110.155.5

137.9

578.3171.3102.018.941.6

069.9854.8

62.2473.9

606.8455.8166.8258.7145.3

361.1234.0110.0

94.8

930.7

996.617167.995.

4,833. 8

2,857. 5162.486.

441.892.0

1, 976.1,018.1

611.0

267.5

11,450.211,020.4

1,333. 33,578. 3

160.72,162. 3

, 438. 7912. 9863.6

1.176.0

127.048.5.3

83.1250.2100.5

, 412. 8

230.3

.9

538.1238.1

16.6383.2

!, 436. 9

,397. 730.5

209.22.69.

361.396.

66913

, 106. 00,344.2

,031.31.

343.90.86.

47792

155.4

668.1225.6102.423.854.9

332.8115.2

50.0453.6

629.0437.8157.2324.3143.4

217.3122.380.7

77.3

809.3

871.0159.5130.187.3

3,824. 5

2,520. 3152.262.2

359. 9759.0

1, 304. 2868.7

518.1

232.9

10,932.911,268.'

1, 244.03, 759. 7

105.32,040.8

, 986.6925.7870.5

1.074.6

47.74.4

101.3306.471.5

411.6

233.0

1.1

523.1207.9

12.8341.8

985.4

380.430.6

238.922.483.2

325.3386. 9

, 124. 6, 808. 3

008.157.2

401.688.745.4

128.1

545.0139.091.919.356.2

512.6296.8

53.2402.1

498.0374.9134.0272.4141.2

267.8158.397.9

94.8

910.0

926.0170.7140.679.9

3,869. 2

2,545.5165.467.8

362.6764.7

1,323.7884.1

556.8

215.2

10,505.211,673.7

1,197.73,299.7

144.51,903.2

, 184.6958.2816.7

76.3

99.455.85.9

90.0273.179.2

., 197.7

191.7

1.3

444.2209.5

15.8310.0

, 183.4

,369.527.7

211.113.099.5

369.1349.7

, 142.5,362.6

042.346.9

385.0109.586.5

117.8

547.0126.4111.616.545.3

232.9032.3

52.9407.1

397.0318.5144.7250.4133.2

290.4180.6101.0

134.5

943.1

1,035.7185.6147.195.0

4,819.7

3,009. 5196.267.0

410.3960.5

1,810.2

1,182.8

654.4

292.5

13,551.'12,459.0

1,610.14,209.8

122. 52,67'

2, 732. 51, 273. 2

934.6

2.190.3

96.461.35.1

107.7334.582.3

1,541.6

242.1

1.8

577.0310.730.8

492.2

2,721.4

1,343.112, 208. 61,214.1

44.1478.5114.362.1

156.4

639.1116.1117.521.667.2

4, 679. 74,437. 5

45.0517.1

,773.9366.6171.0349.8150.7

397.3280.997.3

10G.1

903.3

, 003.9175.157.3103.8

4,416.1

2,789.1183.2GO. 0

401.3879.4

1,627.0988.5

001.4

267.3

^2,434.0.2,593.3

22.43,871.1

128.32,309. 5

!, 482. 3,095.0825.0

17.1104.0

83.865.45.2

82.4306. 793.2

,411.9

217.9

572. 02f)5. 023.0

434.9

1,608. 526.6

182.818.897.3

431. 5478.0

, 554.120.4

242.320.853.3

402. 2354.2

404.31,030.3

325. 041.0

519. 0114.587.9

119. 5

020. 0150.9102. 518.258.5

005. 0844. 5

30.0475. 4

073. 9355. 0142.8358. 3144.7

432.3284.3134.1

127.3

918.8

1,002.1104.139.1100.4

4,033.0

2, 820. 8100. 375.1

401.5870. 7

1,800.81,150.5

022.3

205.:

11,900.311,015.9

1, 274. 74,004. 3

130. 8350.5

2,504.0905. 7720.1

18.7115.1

97.872.24.0

113.8240.3

75. 0, 545.4

253.4

1.8

589.5240.122.0

422.3

!, 504. 5

, 308.128.4

181.234.206. 0

38(5. 4255. 9

, 279. 90,020.4

, 182.370.0

389.1109.582.9

142.7

081. 5207. 9100.027.341.2

208.9992.1

42.1481.0

850.0528. 9147.4339.1139. 9

398.1

122.5

918.9

981.0

4,325.9

851.01,572.2

048.1

305.7

13,509.12,932.

152.3

775. 9

008.9

09.7505.5

397.8

129.3

957.9

890.8

3,808. 0

844. 21,240. 8

11,859.812,470.1

938.9

112. 5

531. 4

42.0414.3

701.9

' Revised. 9 Includes data not shown separately. \ Manufactured goods-classified chiefly by material.


S-24 SUEVEY OF CURKENT BUSINESS August 1977


1975 1976

Annual

1976


1977


FOREIGN TRADE OF THE UNITED STATES—Continued

VALUE OF IMPORTS—Continued

General imports—ContinuedBy commodity groups and principal commodi-

ties—ContinuedMachinery and transport equipment mil. $__

Machinery, total? doMetalworking doElectrical do

Transport equipment do .Automobiles and parts do..

Miscellaneous manufactured articles do

Commodities not classified do

Indexes

Exports (U.S. mdse., excl. military grant-aid):Unit value 1967 = 100..Quantity doValue do

General imports:Unit value doQuantity doValue do

Shipping Weight and Value

Waterborne trade:Exports (incl. reexports):

Shipping weight thous. sh. tons..Value mil. $_.

General imports:Shipping weight thous. sh. tons..Value mil. $_.

23,457.211,727.4

361.54,911.2

11,737.29, 920.7

9,224. 4

2,517.6

195.1176.7344. 9

241.2149.4360. 5

269,18261,408

427,86563,469

29,823.915,183. 7

361.87,424.2

14,640.213,103.9

12,563.9

2,537.7

r 202.1r 182.7' 369.1r 248.8r 182.1r 452. 9

283,17464, 715

517,44981,171

2,612.51, 245. 5

28.0631.2

1,367.01,248.3

1,098.7

196.4

201.3189.1380.5

249.0192.2478.5

21,8615,377

44,6447,194

2, 461. 81, 380. 7

28.5693.8

1,081.1

949.2

1,194.7

226.5

201.9178.1359.6

250.5189.3474.2

24,3265,455

47,7417,311

2,307. 21,310.0

40.6681.7

997.2874.7

1,215.3

218.9

202.6168.0340.4

251.6186.5469. 4

23, 2915,074

48,7967,349

2,445.01,290.1

31.6674.8

1,154.9999. 9

1,123.4

233.5

206.1171.1352.7

252.9185.1468.2

24,0765,210

47,4377,051

2, 354.41,343.2

30.112.9

1,011.1

891.9

1,101.0

216.4

206.7188.0388.6

253.4177. 9450.8

26,0175,811

44,0926,760

2, 723. 71,429.3

29.6'46.8

1,294.31,173.8

1,231.3

253.4

207.3180.0373.1

253.7196. 3498.0

25,6085,605

46,1447,409

2, 795.41,452. 5

33.5676.3

1,343. 0

1,228. 8

1,114.2

220.1

209.1198. 6415.3

255. 4201.8515.4

24,0360,023

49,1697,770

2,569. 31,311.6

34.4609.1

1, 257. 71,132.0

1,045.9

170.6

209.0165.2345.3

259.2189.7491.7

18,3584,982

48,4227,813

2,504.51, 229. 7

30.5563.7

1,274.81,153.6

1,002. 2

201.5

208.1174.4363.0

260.3181.5472.4

20,2515,342

42,5177,128

3,151.41,527.3

35.812.5

1,624.11,465.0

1,169.6

205.3

211.3201.1424.8

267.3228.0609. 5

2,864.51,363.8

32.2G24. 5

1, 500. 71,340.9

1,047. 3

201.4

212.2190.9405.0

265.5210.4558.6

2,951.01,477.8

40.7687.8

1,473.21,325. 5

1,125. 2

235.6

213. 4195. 7417. 8

272. 6196. 7536.1

3,294. 0 2,881.7

1,328.5

295.2

212. 6184.9393.0

268.7227.3610.9

1,294. 9

204.9

TRANSPORTATION AND COMMUNICATIONTRANSPORTATION

Air Carriers (Scheduled Service)Certificated route carriers:

Passenger-miles (revenue) bil.Passenger-load factor§ percent.

Ton-miles (revenuo), total! mil.

Operating revenues (quarterly) 9 O mil. $.Passenger revenues do . . _Cargo revenues doMail revenues do . . .

Operating expenses (quarterly)© do . . .Net income after taxes (quarterly)© do. - .

Domestic operations:Passenger-miles (revenue) bil.Cargo ton-miles mil.Mail ton-miles do.__

Operating revenues (quarterly)© mil. $_Operating expenses (quarterly)© do . . .Net income after taxes (quarterly)© d o . . .

International operations:Passenger-miles (revenue) bil.Cargo ton-miles mil.Mail ton-miles d o . . .

Operating revenues (quarterly)© mil. $_Operating expenses (quarterly)© do . . .Net income after taxes (quarterly)© do . . .

Urban Transit Systems

Passengers carried (revenue) _ .mil.

Motor CarriersCarriers of property, large, class T, qtrly.:*

Number of reporting carriersOperating revenues, total mil. $_.Net income, after extraordinary and prior period

charges and credits __ mil. $..Tonnage hauled (revenue), common and contract

carrier service.. mil. tons..Freight carried—volume indexes, class I and IT

intercity truck tonnage (ATA) :Common arid contract carriers of property

(qtrly.) cT average same period, 1967=100.Common carriers of general freight, seas, adj.'

1907=100.

Class I RailroadsAFinancial operations, qtrly. (AAR), excl. Amtrak:

Operating revenues, total © 9 mil. $.Freight do._.Passenger, excl. Amtrak do . . .

Operating expenses © do_Tsx accruals and rents do_Net railway operating income do.Net income (after taxes) © do.

162.8153.7

22,186

15, 35612,354

1,310311

15,228- 7 2

131.732,747

12,02011,902

- 4 6

31.082,048

426

3,3363,326

- 2 5

5,643

992 9,703

239

177

121

131.7

16,35715,346

297

13,2072,799

351

178.9955.4

24,121

P17, 506vU, 267

P\, 497*>328

»16,783415

145.272,909

719

*13,901»13,326

331

33.722,187

407

»3,605»3,457

120

5,690

99211,362

341

199

137

152.3

18,56017, 422

330

14,9483,182

4301273

16.2158.9

2,146

4,3903,595

37776

4,113210

13.0725755

3,246166

3.1517934

894866

44

'467

1002,814

138

153.4

4,7664,475

81

3,779838149

U52

17.7260.6

2,301

14.03248

55

3.6919332

437

155.4

18.1561.5

2,3 38

14.4824954

3.6718732

435

155. 3

f4,138*3,883

*75

'3 , 225,722,191

* i 114

14.1952.6

1,947

4,8153,957

38474

4,364272

11.20247

58

3,7393,439

185

3.0019131

1,076924

87

440

1002,904

141

154.8

4,6854,390

84

3,765805114

14.3252.9

1,990

11.66255

64

20632

471

153.0

12.9951.9

1,832

10.74238

64

2.2519436

154.0

M,417M, 159

»3,404h 740

! 236

15.1954.6

2,066

P4, 428,542^405

Pi, 304

12.56245

84

P3, 568PZ, 455

51

2.6317247

993,040

90

53

127

154.8

4,7424,448

83

3,864776102121

15.09 12.9453.8 51.0

1,952 1,747

12.2321157

2.8714630

474

159.5

10.72213

56

22215330

465

165.6

'4,110

»3,543

15.4654.7

2,098

12.83265

66

26318535

577

1003,030

54

51

165.5

4,738

3,902825107

- 2 9

15.3955.6

2,057

12.59250

63

28017134

463

166.4

15. 34' 54. 0

^20.60

12.31v 259

*>303*173v 35

166. (

' 17. 02*>57.6> 22. 40

' 13. 69P 2 7 2

332p 172

p 35

471

165.!

13.57

r Revised. r> Preliminary. i Before extraordinary and prior period items. 2 Annualtotal; quarterly revisions not available. 9 Includes data not shown separately. \ Ap-plies to passengers, baggage, cargo, and mail carried. § Passenger-miles as a percent ofavailable seat-miles in revenue service reflects proportion of seating capacity actually soldand utilized. © Total revenues, expenses, and income for all groups of carriers also reflectnonscheduled service. * New Series. Source: I C C (no comparable data prior to 1972).

& Indexes are comparable for the identical quarter of each year (and from year to year).

AEflective 1976, defined as those with annual revenues of $10 million or more; restated 1975data reflect changes. ©Nai l . Railroad Pass. Corp. (Amtrack) operations (not included i nA A R data above), 1975 and 1976 (mil. $): Oper. revenues, 235; 287; net loss, 353; 469 ( I C C c

a Domestic t runk operations only (domestic t runks average about 90% of total domesti)operations). b 1st qtr . 1976. « 3d qtr . 1975. * 4th qtr . 1975. t Effective Mar. 19<<.SURVEY, revised back to 1957 to new trading day and seas. adj. factors.


August 1977 SUEVEY OF CURRENT BUSINESS S-25

Unless otherwise stated in footnotes below, datathrough 1974 and descriptive notes are as shownin (he 1975 edition of BUSINESS STATISTICS

1975 1976

Annual

1976


1977


TRANSPORTATION AND COMMUNICATION—Continued

TRANSPORTATION—Continued

Class I RailroadsA—ContinuedTraffic:

Ton-miles of freight (net), total, qtrly bil__

Revenue per ton-mile centsPrice Index for railroad freight 1969=100..Passengers (revenue) carried 1 mile mil

Travel

Hotels and motor-hotels:Restaurant sales index same month 1967=100..Hotels* Average room sale^I dollars

Rooms occupied.. _. . . . . % of total.Motor-hotels: Average room salei dollars,.

Rooms occupied % of total..Foreign travel:

U.S. citizens: Arrivals© thous..Departures© ._ do . . .

Aliens* Arrivals© doDepartures© .. do . .

Passports Issued doNational parks, visits§ do

COMMUNICATION

Telephone carriers:Oneratinc revenues 9 mil $

Station revenues doTolls message do

Operating expenses (excluding taxes) doNet onenitintr income (after t'i\es^ doPhones In service end of period mil

Telegraph carriers:Domestic:

Operating revenues mil $Operoting expenses doNet operating revenues (beforo taxes) do

Overseas, total:d1

Operating revenues doOpernting expenses doNet operating revenues (beforo taxes) do

778.4754. 62.043169. 49 765

11828.76

6020.98

641 8,050

8,1776 1765,3262,334

60, 527

32,07015,25612,69220,6645,792132.3

504 8403.970.7

315.9223.674.6

822.5794.9

186.6

12731.32

6322.48

67

7,7007,7556,2645,3822,817

60,521

36 60216, 62114 61823,3216 679138.5

527 7423.075.4

349 5256 371.9

212.3203. 6

2 2.173187.4

2 5 178

13730.71

6723.30

74

711757604449345

7,780

3,0621,4151,2381,911

578135.4

45.336.36.6

30.121 37.5

187.4

14831.34

6424.04

75

825898742591263

11,383

3 0541,4101 2251,907

574135.8

43 635.36.0

29.622 54.9

* 189.5

187.5

12832.16

6923.45

78

936766746723227

10,923

3,1371,4371 2831,992

576136.0

43 937.73.9

29.622 85.0

206.8197 0

187.6

12732 07

6822.84

69

683705576516189

6,498

3 1161,4591 2311,949

604136.8

44 735.06.9

29.820 77.4

191.1

13833.43

7223.36

70

687594491447146

4,847

3,1561,4751,2512,009

590137.7

43 733.97.3

30.120 28.1

5 202.1

191.1

12232.54

6322.07

60

535496408374172

2,608

3,1511,4741,2422,031

576138.1

44.134.57.1

29.821 06.8

208.9203 7

191.6

12831.46

4621.88

50

468578452405183

1,849

3,1741,4381 2592,173

497138.5

45.136.76.0

30.623 64.7

198.0

11434.45

5723.15

61

588552493399207

1,698

'3,2221,488

'1 295'2,033

587138. 9

43 234.46.2

31.121 37.6

198.0

12233.71

6323.27

65511,549354304^22

1,971

'3,159'1,488'1 21G'1,985

578139. 5

43 333.77.1

29.821 07.1

207 7r 19"). 5

198.2

14533.92

6723.66

71

618625472347330

2,417

3, 3G4

l', 3912,103

f>8">139.9

198.3

12834. G9

G424. 00

70

G45646480399357

3,691

3,3G01 5311,2882, 224

399140.3

198.2

14435. 72

7024.29

72

643733488419354

4,567

3, 3041 5451, 3f>l2,142

GO 71 4 0 . 1

213. 6

198.2

14734.89

7125. 07

710853572402371

8, 252

3 GO. 4

198. 4

28812,107

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic Chemicals

Production:Aluminum suJfate, commercial (17%AlaOs)*.

thous. sh. tons..Chlorine gas (100% Clj)t doHydrochloric acid (100% IICl)j doPhosphorus, elemental t doSodium carbonate (soda ash), synthetic (58%

NajOt thous. sh. tons.Sodium hydroxide (100% NaOIDJ do. . . .Sodium silicate, anhydrous}:.- doSodium sulfate, anhydrous! doSodium trypolyphosphate (100% NajPsOio)}

do. . . .Titanium dioxide (composite and pure)*., --doSulfur, native (Frasch) and recovered:

Production thous. Ig. tons..Stocks (producers') end of period do

Inorganic Fertilizer Materials

Production:Ammonin, synthetic anhydrous*

thous. sh. tons..Ammonium nitrate, original solution*. doAmmonium sulfatet ..do - . .Nitric acid (100% ITNO3H do .Nitrogen solutions (100% N){ doPhosphoric acid (100% P2O5)| do .Sulfuric acid (100% TTjSO*)*. do. . . .Superphosphate and other phosphatic fertilizers

(100% PaO6):Production thous. sh. tons..Stocks, end of period do

Potash, deliveries (K2O) doExports, total 9 do

Nitrogenous materials doPhosphate materials doPotash materials._. do

Imports:Ammonium nitrate ...doAmmonium sulfate-- .doPotassium chloride doSodium nitrate do

1,1639,1041, 989

450

2,8029,583

7241,227

770603

110,1805,126

16,3937,0882,1067, 5282,0137,671

32, 360

5,573509

5, 07919,6141,397

13,7891,419

245219

6,132139

1,09010,0602,428

426

2,24310,144

7861,258

730716

1 9,4025,563

16,4607,1861,7497,5102,1847,548

33, 501

5,824409

6,2821 18,324

1,239112,351

1,670

312566

7,475103

90829210

35

20984662

100

6063

7945,505

1,374614148606194552

2,510

387406297

1,34383

95798

4059

24523

100841217

36

17185553

108

5457

7945,576

1,419589131606172565

2,609

461418557

1,55360

978116

2425

68128

100853207

32

16184460

107

6358

7665,531

1,383587152636181643

2,927

542353613

1,623110

1,041157

1619

5930

83861214

32

132836

75102

5956

7505,537

1,233547128600176679

2,898

497329559

1, 46493

966195

1730

7134

9287419433

16087666

105

6557

7905,599

1,322592135635176704

2,970

541370561

1,062

139

1215

7741

9285319933

18086268

116

6353

7285,598

1,314639117G45193087

2,905

520458437

1,84788

1,323156

2363

6025

20240

158852

103

7685,563

1,515646163657187699

3,030

514469434

1,981126

1,308171

2872

4984

7879217933

131791

63103

5047

7405,631

1,1045501575671561531

2,031

474396527

1,58829

1,070144

24

8279418333

13879758

107

5848

7115,613

1,149557130579183654

2, 634

493388431

1, 757GO

1,259147

2948

641 I 5013 I 16

93883203

39

159896

65101

6860

7745,616

1,543716173710244771

3,062

571261803

1,87368

1,364122

3742

91319

104901214

38

168882'61117

6157

7841,007

1,017'7041 6 3'70S'253745

'3 , 007

'595'244947

1,70485

1,48072

7G54

94022

978G7200

41

160888

GG118

GOGO

7985,501

i,r»7i723178709298760

3,079

GOO343528

1,71969

1, 275113

4634

72323

1,47760617G64418!)712

2, 929

581429

'3!)11,810

031,309

131

1")28

G3213

'Revised. i> Preliminary. 1 Annual total; monthly revisions are not available.2 For six months ending in month shown. a For month shown. < Restated 3d. qtr.1975. s Restated 4th. qtr. 1975.

ASee " A " note, p. S-24. ^Average daily rent per occupied room, not scheduled rates.9 Includes data not shown separately.

©Effective 1976, data are compiled by U.S. Dept. of Transportation from INS recordsand refer to air travel; travel by sea is omitted (for 1973-75, average annual arrivals and de-partures by sea are as follows—units and order as above: 814; 783; 159; 129).

§EfTective Jan. 1976, data include visits to Voyageurs National Park (no count of visits forearlier periods is available); data for Mar .-July 1976 are restated to delete visits to Platt Na-tional Park which was reclassified as a national recreation area.

0"Includes data for Western Union Int. Cable & Wireless.X Monthly revisions back to 1971 are available upon request.



Unless otherwise staled in footnotes below, datathrough 1974 and descriptive notes are as shownin the 1975 edition of BUSINESS STATISTICS

1975 1976

Annual

1976


1977


CHEMICALS AND ALLIED PRODUCTS—Continued

CHEMICALS—Continued

Industrial GasestProduction:

Acetylene - mil. cu. ft_.Carbon dioxide, liquid, gas, and solid

thous. sh. tons..Hydrogen (high and low purity) mil. cu. ft..Nltrocren fhieh and low purity) doOxygen (high and low purity) do

Organic Chemicals d"

Production:Acetylsallcylic acid (aspirin) mil. lb . .Creosote oil . . _. . . w.mil. gal..Ethyl acetate (85%) mil. lb._Formaldehydo (37% IICHO) do . . . .Glycerin, refined, all grades doMethanol, synthetic mil. gal..Phthalic anhydride . . .mil . lb_.

ALCOHOL*Ethyl alcohol and spirits:

Production mil. tax gal_.XJsed for denaturation doTaxable withdrawals . . -do _.Stocks end of period do

Denatured alcohol:Production. _. mil. wine gal..Consumption (withdrawals) doStocks end of period do

PLASTICS AND RESIN MATERIALS

Production:Phenolic resins. mil. l b - .Polyethylene and copolymers doPolvnroDvlene doPolystyrene and copolymers doPolyvinyl chloride and copolymers do

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments, quarterlymil. l b -

Paints , varnish, and lacquer, factory shipments:Total shipments _ mil. $ . .

Trade products _ . do ._ .Industrial finishes do

6,697

1,85173, 552252,980352,560

125.4i 79. 2

i 171.214,558.1

264.4i 779. 6i 702. 2

526. 4391.277.8

106.1

207.3207.1

2.7

11,274.917,482.711,903.413,877.3i 3,694.6

2,325.7

4,026.62,079.01,947.6

7,171

2,011i 80,478292 220386,717

129.0i 118. 7i 159.2

5,621.3321.2

i 939.9i 902. 0

499.7' 424.2

78.385.3

225.1225.4

Ll,561.41 8, 942. 21 2, 571.414,727. 314,702.5

2,543. 0

4,685.92,446.42, 239. 6

622

1696,835

23,22632,938

2.411.314.8

457.426.684.380.6

37.338.1

7.493.1

20.620.42.8

133.0765.1236.4578.9401.8

656.5

477.3263.9213.4

603

1886,353

23,91332,898

2.59.5

13.7424.1

26.683.075.1

45.233.0

6.0100.0

17.817.82.8

116.5723.7233.7534.3397. 2

423.6241. 9181.6

639

2006,552

25, 34233, 237

1.713.314.2

442.327.372.676.8

46.038.8

7.096.2

21.020.6

131.5736.7237.1605.3409 7

455.4253.3202.1

626

1926,626

24,53231,044

2.412.610.3

484.324.973.278.1

43.335.9

7.186.8

19.419.92.7

133.9747. 5216.3400.4392. 8

707.2

420.7225.2195.5

583

1756,909

26,07032,584

2.611.710.2

484.126.874.870.7

40.136.0

6.573.7

19.219.02.9

139.5768.8235. 4400. 2419.2

370.7190. 5180.2

563

1686,844

25,78530,845

2.511.912.2

460.028.278.267.0

42.833.6

7.177.0

18.718.33.4

128.3743.7196.6390. 340?. 2

342.9105. 7177.2

542

1585,778

26,30930,376

2.711.414.7

464.525.482.273.1

47.730.5

7.185.3

16.716.93.2

120.6773.3168. 5389.9355.2

653.6

280.0122.6157.5

565

1416,265

24,74429,867

2.28.9

10.3352.8

25.581.282.0

36.532.8

5.877.5

17.618.52.5

125.3729. 6237.0329. 9337. 9

285.9127.2158.7

531

1606,348

23,65528,938

2.319.211.9

338.122.8

75.5

37.734.85.1

79.0

18.918.43.0

129.1654. 4243. 6358.9370.2

311.9141.1170.8

538

1847,329

26,34934,653

2.514.312.0

405.525.194.186.3

42.838.8

7.675.4

20.720.7

9 9

143.0851. 3229.9472.9443.0

623 2

393.1200.8192.3

r428

r 185'7,031

r 2~) 576r 33,401

2.511.215.8

530.620.292.682.5

39.235 5

6.072 0

19.119 3

142.1833.7236 2461.9451.4

377.8197.9179.9

543

1917,044

27 01535,007

3.211.210.1

504.519.268.971.1

138.5853.1991) 1

449 7450.0

r 4?9. 7r 231. Gr 198. 2

2 715 211.5

497.024.084.584.8

141.1838. 3?27 9458 7402. 7

G97 1

446. 0

- - - - - -

238.5207. o

ELECTRIC POWER AND GAS

ELECTRIC POWER

Pro ductlon (utility and Industrial), totalmil. kw.-hr__

Electric utilities, total doBy fuels doB y waterpower do

Industr ial establishments, total do..By fuels do..By wa terpower do.

P2,001,00C

pl,916,00C1,010,000

300,000

P 84,96981,6493,320

=2,036.48:1,752,807283,680

180,090

173, 348147, 78825, 5G0

7,343,061281

18G, 4091G0, 3472G, 061

180,3801G2, 54023,840

104,973 103,632144,609 142,59520, 303 21, 037

1G8,994149,19219,802

183,080102, 80820,212

196, 308175, 57420, 734

1G2, 840147,54315,298

168, 641148,83219,808

156,885138, 24718, 637

Sales to ultimate customers, total (Edison ElectricInstitute) mil. kw.-hr__

Commercial and industrial:Small light and po\ver§ doLarge light and power § do

Hallways and railroads do..Residential or domestic do_.

Street and highway lighting doOther public authorities doInterdepartmental do

He venue from sales to ultimate customers (EdisonElectric Institute) mil. $ . .

GAS

Total utility gas, quarterly(American Gas Association):

Customers, end of period, total thous . .

Residential . . . d o . .Commercial do..Industrial doOther do..

1,733,024

418,069661,558

4,273586,149

13,90743, 6255,443

46,853.5

44,839

41,210

1,849,625

440, 625725,169

4,338613, 072

14,41345, 6256,383

53, 462. 9

45, 363

Seles to customers, total tril. B t u . .

Residential . _ _ _ doCommercial doIndustrial do"Other . . do

3, 39318254

14, 863

4,991, 387

Revenue from sales to customers, total mil. $. .

Residential doCommercial _ . d o . . .Industrial "doOther do . . II

6,837648

19,101

8,4453,3036,745

3,40617857

14, 883

5,0872, 4316, 670

696

23, 634

10,0764,1038, 615

840

148,902

36, 61561,438

32845, 261

1,0393,673

547

,312.3

44, 735

41,1633,341

17754

3,297

973471

1,676176

5,049

1,976764

2,091219

161,015

40,41661,417

34553,312

1,0923,881

553

4,791.3

165, 652

40, 89862,444

35256,311

1,1733,908

565

4, 958. 4

162,951

40,14162, 968

33053,746

1,1974,026

543

44, 608

41,0563,324

152, 207

36, 66762, 371

35447, 296

1,2593,744

516

4, 539. 6

151,830

35, 76061,511

36548, 582

1,3143,748

550

4, 453. 3

161,849

36,91661,956

39256, 893

1,3193,839

535

4,734. 9

45, 363

170, 277

39,13360, 314

40264, 516

1,3763,982

554

•, 107. 7

165, 226

37, 94559, 493

45161, 705

1,2413,815

57G

5,005. 4

156,887

36, 22262,043

33552, 686

1,1853,837

580

4, 846. 9

45, 670

150,833

35,34102,004

33147, 73G

1,1233,710

4, G85. 5

41,7223,406

178

41,9503,483

18454

3,918 4,949

472301

1,808179

7021,551

172

!,3481,0021,412

187

4,167 6,839 9,498

1,106524

2,305232

3,1421,3092,181

207

5,0211,9742, 263

240r Revised. v P re l imina ry . i Repor ted annua l total ; revisions are not d i s t r ibu ted to

the m o n t h l y da ta . § D a t a are not whol ly comparable on a year to year basis because ofchanges from one classification to another . c^Data are reported on the basis of 100 percent

content of the specified material unless otherwise indicated. % Monthly re1973 are available upon request.

visions back to



Unless otherwise stated in footnotes below, datathrough 1974 and descriptive notes are as shownIn the 1975 edition of BUSINESS S T A T I S T I C S

1975 1976

Annual

1976


1977

Jan. Feb. Mar. Apr. May Juno July

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGES 9Beer:

Production mil. bbl_.Taxable withdrawals doStocks, end of period do

Distilled spirits (total):Production mil. tax gal_.Consumption, apparent, for beverage purposes

• mil. wine gaL.Taxable withdra^vals mil. tax gal..Stocks, end of period doImports mil. proof gal_.

Whisky.Production mil. tax gaL.Taxable withdrawals doStocks, end of period doImports mil. proof gaL.

Rectified spirits and wines, production, totalmil. proof gaL.

Whisky do.__.Wines and distilling materials:

Effervescent wines:Production mil. wine gal__Taxable withdrawals do.Stocks, end of period do.Imports do.

Still wines:Production do.Taxable withdrawals do.Stocks, end of period do.Imports do.

160.60148. 6412.74

144.11418.76229. 74793.113.46

59.64140. 82737.39

Distilling materials produced at wineries.__do___

DAIRY PRODUCTS

Butter, creamery:Production (factory) t mil. lb.Stocks, cold storage, end of period doPrice, wholesale, 92-score (N.Y.) $ per lb

Cheese:Production (factory), total} mil. lb.

American, whole milkj do.__

DryiPrr

Stocks, cold storage, end of period doAmerican, whole milk do

Imports do_._Price, wholesale, American, single daisies (Chi-

cago) $ per lb_.Condensed and evaporated milk:

Production, case goodscf } mil. lb_.Stocks, manufacturers', case goods, end of month

or yearcr" mil. lb..Exports:

Condensed (sweetened) doEvaporated (unsweetened)O do

Fluid milk:Production on farms} doUtilization in mfd. dairy products} do._Price, wholesale, U.S. average} $ per 100 lb_./ milk:

Production:Dry whole milk} mil lbNonfat dry milk (human food)} do

Stocks, manufacturers', end of period:Dry whole milk do_Nonfat dry milk (human food) " do I~"

Exports:Dry whole milk doNonfat dry milk (human food~)_"_~II"I_do~""

Price, manufacturers' average selling, nonfat drymilk (human food) $ per lb_.

GRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats, rye, wheat)...mil. bn_.Barley:

Production (crop estimate) doStocks (domestic), end of period " do

On farms " "do"Off farms _'_" _ I I do __

Exports, including malt§ . . . doPrices, wholesale (Minneapolis):

No. 2, malting $ p e r bu__No. 3, straight __do.._.

Corn:Production (crop estimate, grain only)..mil. buStocks (domestic), end of period, total do

On farms doOff farms -~--~~--"-.~~~~"~ do

Exports, including meal and" flour.I_""""doPrice, wholesale:

Weighted avg., selected markets, all gradesOats: d 0 " ~

Production (crop estimate) _ _ mil buStocks (domestic), end of period, total""" do

On farms dol""Oft farms do

Exports, including oatmeal doPrice, wholesale, No. 2, white (Minneapolis)

$ per bu__

94. 98

112.5046.64

19.3718.467. 901.93

384.82300. 25451.3447. 39

338. 20

983.810. 9.818

2,811.41,654. 6

367.8307.0179. 5

1.044

926.9

58.6

1.853.0

115,32659,230

8.75

63.11,001.5

5.647.1

35.590.6

.633

2,529.0

3 383.9276.4162.9113.531.8

3.803.60

35,797.04,448.63,179.2

1, 269. 41,321.8

2.88

3 657.6501.7407.6

94.1

16.2

1.67

163. 79150.4811.94

160. 42

i 422.10216. 34752.112.71

79.12126.62692.3492.07

107. 6341.79

20.5919.228.352.56

405. 78298.18473. 7056.36

344. 77

978.647.1.944

3, 336. 62, 062. 4

478.4411.3206.8

895.5

70.6

4.444.5

120, 356r 63,672

9.66

78.1926.2

9.194.0

31.610.3

.635

2,813.6

3 377. 3272. 0154.5117.552.1

3.113.06

6,216. 04,860. 73, 317.01, 543. 71,748.0

2.56

3 562.5420.7347.3

73.5

12.1

1.74

15.8914.2513.92

16.48

35.2019.80

780. 549.60

7.4110.88

722. 887.80

10.203.73

1.721.559.40.20

7.9626.12

325. 315.01

2.32

83.980.9.974

325.4290.7

483.7418.8

14.4

1.153

92.3

125.4

5.1

10,8166, 2799.14

8.0108.1

10.8122.5

2.41.2

233.6

1.5

3.373.36

160.0

2.87

.4

1.92

16.5415.0114.03

8.56

31.8214.81

775. 587.83

3.768.31

719.026.22

7.662.87

1.701.139.79.13

7.4219.51

307.924.51

4.15

71.583.0

1.084

296.5189.4

509.0441.8

15.5

1.200

84.9

143.1

.34.4

10,453' 5, 728

9.43

6.396.3

11.8121.0

3.1.2

.632

230.8

3.4

3.403.29

138.6

2.94

.3

1.8

16.1014.8613.91

10.58

31.7917.29

769. 907.39

4.669.98

713. 615.85

9.073.30

2.201.11

10.85.13

14.3323.38

289. 414.70

18.09

65.182.3

1.082

285. 0178.2

518.0451.7

15.4

1.258

73.4

136.3

.34.2

10,1125,355

9.70

6.576.2

11.9118.2

.3

.635

245.0

3.5

3.173.18

121.3

2.79

2.3

1.75

14.3113.4413.60

12.68

33.2519.22

764.009.5.92

11.37708.01

8.07

9.3.80

1.591.83

10.59.17

123.3026.75

377. 544.46

109.86

64.068.1.975

262.4155.6

522.6456.3

17.2

1.183

61.1

135.2

.53.2

9,6164,849

9.84

5.256.1

11.0104.1

1.9.9

.640

234.3

362.6210.2152.

6.7

3.083.05

397.5231.1166.4110.1

2.71

541.4429.0112.4

1.9

1.68

13.4212.2213.69

15.04

34.3721.01

761.1211.16

7.4613.7i

702. 249.22

9.964.00

2.052.619.94.23

147. 9824.68

488. 224.28

123.10

78.160.7.934

255.6151.3

501.4435.6

1C.7

56.6

131.7

9,6434,718

9.96

4.656.5

10.599.81.9.3

.633

294.6

3.093.10

179.2

3.46

1.0

1.67

11.2910.5213.48

14.91

41.8120.67

756. 5013.37

6.1612.63

696. 2710.99

10. 043.94

2.142.868.99.39

45.8826.13

499.435.36

36.84

77.647.3.929

257.0146.8

482.0414.0

23.4

1.140

50.2

96.9

.21.9

9,2334,563

9.89

5.253.9

10.789.2

1.93.2

244.0

3.113.09

180.2

2.40

2.2

1.92

11.1910.8311. 94

12.16

53.4117.46

752.8512.14

5.369.71

692.349.93

9.793.51

1.752.348.35

.40

15.1927.34

473.705.80

16.48

92.547.1.929

281.1169.1

478.4411.342.6

1.140

61.3

70.6

.52.4

9,6785,066

9.72

5.073.7

9.194.0

.3

.625

201.4

272.0154.5

2.752.75

860.7317. 0543.7136.6

2.48

420.7347.3

73.5.6

1.68

11.9810.0114.01

11.33

28.9716.85

747. 647.08

5.8110.12

687. 725.59

7.922.95

1.861.069.05

.25

6.8923.31

452.465.16

8.58

105.667.6.927

264.8166.8

485.7417.1

18.0

1.140

62.5

66.3

.33.0

9,9105,2599.65

6.171.5

11.187.8

2.4

.624

182.6

3.4

2.762.80

2.60

.2

1.78

11.4810.4313.95

12.98

26.9915.41

745. 497.03

6.719.11

685. 035.62

7.232.74

1.92.96

9.94.16

6.3721.31

429. 284.63

16.62

96.294.3.929

254. 0158.8

470.6403.5

10.6

1.140

63.3

63.5

.41.8

9,3515,100

9.54

6.472.3

8.884.9

1.6.1

.623

191.5

8.5

119.'

2.61

1.81

16.2014.5514.59

14.84

35.4419.51

743. 229.47

7.8511.04

10.343.83

1.921.41

10.37.21

7.3831.19

398. 635.13

10.73

98.4106.4

.952

299.2183.4

486.9422.5

12.5

1.152

68.8

63.0

10,5625,8479.43

7.687.5

8.578.9

2.5.1

188.591.2

2.902.85

3,273.32,113.91,159.3

150.9

2.50

263.7216.3

.3

1.75

16.0314.2815.03

13.61

32.0817.44

740. 358.28

10.04680.51

6.66

8.072.80

1.771.01

11.03.22

7.5125.02

378.125.19

6.93

100.4128.51.032

301.9193.8

511.4447.4

11.2

1.193

81.6

66.4

.93.6

10,7415,9929.43

6.3107.1

10.1106.6

2.3.1

.653

219.4

1.8

2.792.79

141.6

2.39

1.82

16.7915.0015.5'

8.78

1.251.70

10.60.25

6.6524.29

357. 305.91

8.80

103.9164.01.029

326. 6211.9

558.5491. 5

11.4

85.7

101.5

.22.6

11,295•3, 4659.34

119.6

119.7

2.54.3

5 126.6

2.722.75

!2,350.7a,563.5

139. 2

2.42

5 168.1132.45 35.7

.4

1.66

9. 23

95.0201.31. 029

314.1200.3

r 583.9r 510. f)

17.1

1.194

80.2

127.7

.31.1

11,1036,360' 9. 38

5.6132.7

10.0127.1

1.911.8

.679

212. S

2.282.32

125. 9

2.26

1.37

1.031

589. 2512.1

1.194

10, 715

pd. 52

6 405. 8

1.951.97

0,092.1

2.04

1.14mnary. _ Includes Hawaii, not available on a monthly basis, asDiuniy revisions. 2 stocks as of June 1. 3 Crop estimate for the

m n , n r s c r ° P ; n e w cr°P not reported until Oct. (beginning of new crop year).

year s crop; new crop not reported until June (beginning of crop year). « Aug. 1

estimate for 1977 crop. (^Condensed milk included with evaporated to avoid disclosingoperations of individual firms.

§Excludes pearl barley. 9 Scattered monthly revisions back to 1973 are available.t Revised monthly data back to 1973 are available. O Revised monthly data for 1975

will be shown later.




1975 1976

Annual

1976


1977


FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

GRAIN AND GRAIN PRODUCTS—Con.

Rice:Production (crop estimate) mil. bags 9 --California mills:

Keceipts, domestic, rough mil. lb_.Shipments from mills, milled rice doStocks, rough and cleaned (cleaned basis), end

of period mil. lb_.

Southern States mills (Ark., La., Tenn., Tex.):Receipts, rough, from producers mil. lb . .Shipments from mills, milled rice doStocks, domestic, rough and cleaned (cleaned

basis), end of period mil . lb. .

Exports doPrice, wholesale, No. 2, medium grain (South-

west Louisiana) $ per lb..

Rye:Production (crop estimate)... mil. bu.Stocks (domestic), end of period do...Price, wholesale, No. 2 (Minneapolis)_.$ per b u .

Wheat:Production (crop estimate), total mil. b u .

Spring wheat do__.Winter wheat do

Distribution, quarterly cf do._ .

Stocks (domestic), end of period, total do___On farms .do___0(T farms d o_ _ -

Exports, total, including flour doWheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

$ per bu_No. 2. hd. and dk. hd. winter (TCans. Cit.y)_do___.Weighted avg., solectod markets, all grades

$ per bu_.

Wheat flour:Production:

Flour thous. sacks (100 lh.)_.OfTal thous. sh. tons.

Grindings of wheat thous. bu-.Stocks held by mills, end of period

thous. sacks (100 lb.)- .Exports doPrices, wholesale:

Spring, standard patent (Minneapolis)$ per 100 1b..

Winter, hard, 95% patent (Kans. Ci ty)- -do

LIVESTOCK

Cattle and calves:Slaughter (federally inspected):

Calves thous. animals..Cattle do

Prices, wholesale:Beef steers (Omaha) $perl00 1b..Steers, stocker and feeder (Kansas City)-_doCalves, vealers (So. St. Paul)f do.-_

Hogs:Slaughter (federally inspected)...thous. animals..Prices:

Wholesale, average, all weights (Sioux City)©$ per 100 lb..

Hog-corn price ratio (bu. of corn equal In valuoto 100 lb. live hog)

Sheep and lambs:Slaughter (federally inspected)., thous. animals_.Price, wholesale, lambs, average (Omaha)

$ per 1001b-

MEATS

Total meats (excluding lard):Production, totalt mil. lbStocks, cold storage, end of period O doExports (meat and meat preparations) doImports (meat and meat preparations) do

Reef and veal:Production, totalt d o . .Stocks, cold storage, end of period O do.J_~_~Exports doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-70J lbs.) (East Coast) $ per lb_.

Lamb and mutton*Production, totalt mil. lbStocks, cold storage, end of period do

i 128. 0

2,3461,705

138

8,4615,312

2,150

4,711

.190

i 17.99.5

2.78

i 2,1351482

i 1,6531,860

1,384.6546. 8838.0

1,158.21,134.5

-4.603.96

4.84

247,0804,485

555,891

3, 90710,178

10.5529.365

3,89436,904

44.6133.4240.44

64,926

48.30

17.1

7,552

44.42

36, 213675864

1,694

24,500360

461,304

.754

39912

i 117.0

2,2201,492

158

9,5635,481

2,682

4,640

.140

i 16.79.3

2.92

i 2,1471 581

i 1, 5661,754

1,780.1663.8

1,116.4

1,001.3968.9

4.103.50

3.87

259,4834,643

584, 082

4,33413,907

9.5096 8. 303

4,43838, 992

39.1137. 6545.18

70, 454

43.19

17.5

6,474

47.84

39, 0605 733

1,3057 1,868

26,4805 464

821,467

.644

36115

194147

215

107405

858

348

.155

3.28

71.766.7

4.573.85

4.29

21,059379

47,645

3,9232,184

10.3508.838

3393,294

40.5240.2437.60

5,146

50.91

18.0

502

50.50

3,150698109187

2, 224403

148

.656

316329

106

168384

602

725

.155

3.21

88.485.4

4.283.69

4.06

21,751396

49,272

1,294

10. 288

3463,220

37.9237.5834.51

4,905

48.31

16.9

525

45.75

3,048645

90159

2,173390

7121

.612

247207

63

859360

801

397

.135

117.9113.0

3.793.24

3.66

24,257438

54,634

2,083

9.4388.075

3733,388

37.0237.5541.52

5,968

44.03

16.1

563

38.88

3,350598112151

2, 300371

6123

12875

2,440502

1,967

320

.125

15.02.84

2 627

2,185.8830. 9

1,354.8

115.6109.9

3.423.03

3.33

23,178417

52,225

3, 6212.449

8.5007.613

4093,435

36.9734.0339.84

6,361

39.39

15.3

622

40.00

3,467638110178

2,340391

150

.609

19977

133

2,529552

3,011

308

.130

2.71

101.0

3.272.80

3.17

22,723410

51,216

997

8.3757.375

3943,336

37.8836.0747.25

6,929

32.69

14.1

556

39.75

3,497688130170

2,278414

8139

.619

12283

127

709573

2,877

406

.123

2.59

54.353.3

3.172.79

3.08

21,031380

47,486

447

7.9136.938

3,154

39.1535.0744. 90

7,110

31.96

15.4

517

39.00

3,453726117134

2,168439

101

.645

10432

158

575572

574

.123

406

1,780.1663.8

1,116.4

57.456.9

3.082.71

20,804373

46,931

4,334188

7.8386.838

4203,205

39.9635.1949. 58

6,525

38.28

16.2

534

45.00

3,36773312894

2,190464

60-i

11076

156

624521

2,475

233

.113

2.82

51.949.0

3.08

5.97

21,320380

48,035

1,218

7.7506.763

4063,272

38.3834.8753.12

5,833

39.65

16.2

499

49.50

3,273745100131

2, 237486

6100

.638

8874

138

729507

2,454

313

.118

2.87

63.157.7

3.082.77

3.01

21,425385

48,023

2,334

6.813

3803,041

37.9836.5454.88

5,825

40.40

16.8

461

50.25

3,084755100150

2,044485

123

.630

163121

136

505

587

2,161

487

.121

1,388.1509. 5878.5

56.550.7

3.112.76

3.00

24,321430

54,434

4,2482,519

7.7256.525

4573, ?30

37.2838. 2952.26

7,236

37.61

15.8

579

51.50

3, 519795103143

2, 259504

8107

147113

132

292526

1,850

263

.133

2.84

75.768.1

3.032.60

2.94

20,632370

46,402

3,272

7.1256.200

3893,033

40.0841.3352.88

0,400

37.20

15. C

539

56.75

3,200818113117

2 049484

0111

.640

216114

171

199555

1,424

529

.156

.56

3*1,108.7" 424.93 * 683.8

70.866.4

2.872.41

2.82

•20,801r 375

"4(1,870

1,857

6.9255.838

3533,054

41.9839.8854.92

5,877

41.94

18.4

474

56. 75

3,122798110147

2, 052456

113

.675

15

207521

1,044

381

.155

2 280

78. f>75. 0

2.722.38

2.64

20,483366

46,191

4,1671,248

6.5005. 575

3683,374

40.2438.2251.60

5,695

43.89

r 19.8

550

53.00

3, 298r 726

103130

r 42.18

101

.660

8 100. 0

.153

U8.2

1 2,0418 515

1 1,526

2. 572.38

6.5885.850

40. 9438.9046.95

45.76

23.3

41.25

.668

r Revised. 1 Crop estimate for the year. 2 See " c?" note, this page. 3 Stocks as ofJune 1. * Previous year's crop; new crop not reported until June (beginning of now cropyear). « See " o " note, this page. « Average for 11 months (Jan.-Juno, Aug.-Doc).' Reflects revisions not available by months. » Aug 1 estimate of 1977 crop. 9 Bags of100 lbs. cf Data are quarterly except that beginning 1975, June figures cover Apr. May andSept. covers June-Sept.

I S U R V E Y , da ta beginning F e b . 1976 arc res ta ted to exclude cooler m e a t s ;comparable earlier da ta will be shown later. fSee corresponding note, p . S-2U. __ ©Ef-O Effective Apri l 197'

fective Ju ly 1977 S U R V E Y , m o n t h l y prices are restated th rough May VM1 to coincide w i thpubl ished annua l averages which are for " a l l weights , excluding sows"; comparable m o n t h l yda ta prior to May 197G will be shown later.




1975 1976

Annual

1976


1977



MEATS—Continued

Pork (excluding lard):Production, totalf mil. lbStocks, cold storage, end of periodA do..Exports do._Imports do__Prices, wholesale:

Hams, smoked composite $perlb. .Fresh loins,8-14 lb. average (New York)._do

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_.

Eggs:Production on farms} mil. casesO.Stocks, cold storage, end of period:

Shell thous. casesO..Frozen. mil. lb.

Price, wholesale, large (delivered; Chicago)

$ per doz_.

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl. shells) thous. lg. tons..Price, wholesale, Accra (New York) $ per lb_.

CofTee (green):Inventories (roasters', Importers', dealers'), end

of period thous. bagscf--Roastings (green weight) doImports, total do.

From Brazil doPrice, 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..

Deliveries, total 9 ___doFor domestic consumption do _~~

Stocks.raw and ref., end of period do

Exports, raw and refined sh. tons..

Imports:Haw sugar, total 9 thous. sh. tons..

From the Philippines doIteflned sugar, total "do.. . .

Prices (New York):Haw, wholesale . . $ per lbRefined:

Retail (incl. N.E. New Jersey) $ per 5 lbWholesale (excl. excise tax) $ per lb..

Tea, imports thous. lb..

FATS, OILS, AND RELATED PRODUCTS

Baking or frying fats (incl. shortening):Production]: mil. jfo__Stocks, end of period© do__~I

Salad or cooking oils:Production! doStocks, end of period© Ido

Margarine:Production $0Stocks, end of period © ..________ doPrice, wholesale (colored; mfr. to wholesaler "or"

large retailer; delivered) $ per lb..

Animal and fish fats:Tallow, edible:

Production (quantities rendered) - mil lbConsumption 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

11,314249207327

.993

10,434

314

195

.269

178.92236

.594

233.0.759

3,30018,551

20,2893,748» . 6782,830

356

5,192

10,1279,9742,731

205, 989

3,680415148

. 229

1.986.311

159,287

3,687.3124.7

3,947.290.8

2, 399. 360.1

.525

513.5649.737.8

4,655.42, 908. 4276.6

12,2193 212311

<318

.855

.977

11,739

363

203

.240

180.12826

.678

235.41.092

2,80519, 063

19,7883,092

21.2282,912

371

5,742

10,92610,8593,324

69, 735

4,331900214

.135

1.262.190

181, 304

3,913. 4127.7

4, 343. 0104.0

2, 629. 767.2

.443

535.5660.547.5

5, 674. 63, 367. 2354.8

8992192328

.8851.106

1,077

301177

.240

14.7

2330

.609

19.51.075

2,9084,977

192

301

125

994993

2,314

6,706

4164917

.144

1.343.197

13,893

324.0119.9

384.7105.3

199.870.8

.431

44.650.645.8

• 496.9307.9317.2

8471772030

.8431.109

1,045

403262

.260

15.1

.654

16.31.035

1,909449

330

9782,038

9,102

320835

.150

1.246.204

14, 259

316.1123.2

367.895.5

197.473.6

.437

48.051.351.9

481.7269.0328.1

1,0201572321

.797

.972

1,115

521370

.245

15.0

4531

.706

20.91.145

1,0841762621

.775

.952

1,125

611460

.230

14.6

5029

19.61.313

1,637207

234

344

117

1,0381,0341,689

2,680

4439719

.119

1.319.171

15,051

336.9122.8

375.4106.4

195.180.0

.455

42.755.951.0

489.5286.9341.2

2,9613,853

95685

1.520307

173

1,0551,0521,324

3,067

5711859

.095

1.165.152

19, 224

345.0122.2

357.190.7

202.872.4

.455

47.359.858.9

506.0297.7352.2

1,1882013325

.736

.843

1,094

665

512

.205

15.2

3229

.706

8.21.325

1,013143

267

366

730

858853

1,660

3,447

45510918

.112

1,163.172

15,683

331.2126.9

361.296.4

215.672.2

45.164.353.3

500.2307.4371.5

1,2552192625

.875

.760

1,021

453

299

.200

14.82526

.767

11.61.615

1,649477

282

381

1,174

827816

2,504

13, 510

26979

.106

1.114.160

16,133

324.3120.5

351.489.4

233.269.8

.455

42.559.749.8

487.4265.6384.5

1,146212

2126

1.007.860

928

363203

.195

15.4

.823

16.51.543

2,8054,621

1,858500

233

371

1,214

831827

3,324

4,356

427125

1

.102

1.115.156

18,273

309.6127.7

344.8104.0

246.067.2

.455

43.563.747.5

501.8

354^8

1,0071971826

.758

.971

849

335190

.220

15.2

.787

30.61.730

1,994641

223

775

8283,624

3,246

24753

2

.105

1.101.160

16,059

296.7127.8

311.5117.8

242.367.4

.455

42.458.549.1

464.1261.7377.9

1,013200

21

.787

.916

780

303168

.240

13.7

.756

21.51.903

1,707466

270

316

459

764761

3,758

2,112

4187221

.113

1.106.167

15,064

301.2119.8

316.9118.1

236.570.7

.455

42.958.951.7

440.9237.5357.5

1,2562232830

.832

938

279142

.250

15.4

.675

19.02.075

" 3, 519- 4, 752

1,839225

280

312

275

1,0241,0173,430

3,000

32110913

.117

1.121.171

22, 389

357.9113.9

399.597.9

232.771.8

.462

49.974.743.6

484.4270.9402.7

1,1202612229

.742

.855

895

266130

.250

14.8

.624

16.11.983

1,824483

211

308

202

8953,302

3,031

40710731

.124

1.142.181

23,302

313. 8115.3

340.291.5

197.377. 3

45.760.958.5

422.2265.0359.3

1,044268

2627

.749

.932

281138

.250

15.2

.557

25.11.993

1,224198

192

301

206

8753,191

1,550

3896733

1.155.172

27,345

331.2144.7

372.4105.8

178.8'•91.0

.528

'45.260.6

'59.5

439.6r 274. 0r 372. 8

1,022'229

2529

.7421.004

1,095

r 353'201

.255

14.5

M0r 32

.570

13.61.993

3,2213,251

1,137151

184

'323

P 2, 808

1,293

388

13

.100

1.131.157

22, 335

295.5137.8

340.3100.2

178.481.0

.544

44.363.759.0

452.7275.6357. 9

.7401.042

404240

.270

14.7

.028

1.993

.095

.151

.547

'•Revised. v Preliminary. i Average for Jan. and Feb. 2 Average for 2 mos. (Maymonths n ° t e > t h i S PagG> * R e f l e c t s revisions not distributed to the

©Cases of 30 dozen. tfBags of 132.276 lb. §Monthly data reflect cumulative revisionsfor prior periods. 9Includes data not shown separately; see also note "§" . ©Pro-ducers and warehouse stocks. \ Factory and warehouse stocks. % Monthly revisions

back to 1974 are available. AEffective April 1977 SURVEY, data beginning Feb. 1976 arerestated to exclude cooler pork; comparable earlier data will be shown later. tRevisedseries. Beginning May 1977 SURVEY, data represent total commercial slaughter (excludingrendered pork fat and lard), whereas the price for calves (p. S-28), represents a differentmarket. Comparable data prior to Mar. 1970 will be shown later. c Corrected.


S-30 SUEVEY OF CUKKENT BUSINESS August 1977


1975 1976

Annual

1(976


1977



FATS, OILS, AND RELATEDPRODUCTS— Continued

Vegetable oils and related products:

Coconut oil:Production, refined _ mil. lb.Consumption in end products d o —Stocks, refined, end of period^ do- . .Imports. d o —

Corn oil:Production: Crude d o —

Refined doConsumption in end products doStocks, crude and ref., end of period ^ do

Cottonseed oil:Production: Crude d o —

Kenned doConsumption in end products do

Stocks, crude and ref., end of period If doExports (crude and refined) do___Price, wholesale (N.Y.) $ per lb.

Soybean oil:Production: Crude mil. lb_.

Refined doConsumption in end products d o —

Stocks, crude and ref. end of period ^ . . d o —Exports (crude and refined) do. . . .Price, wholesale (refined; N.Y.) $ per lb.

TOBACCOLeaf:

Production (crop estimate) mil. lb.Stocks, dealers' and manufacturers', end of period

mil. lb.Exports, incl. scrap and stems thous. lb.Imports, incl. scrap and stems do

Manufactured:Consumption (withdrawals):

Cigarettes (small):Tax-exempt millions.Taxable do . . .

Cigars (large), taxable doE xports, cigarettes d o . . .

716.2865.326.7

869.1

458.8496.6475.639.5

1,215.01,112.7

660.7

160.3656.5.322

7,861. 76,422. 96, 830.3

799.9758.0.286

i 2,182

4,738563,030320,318

62,278588,345

4,47649,935

849.2990.340.1

1,206.9

692.4562.2517.042.1

984.3819.8578.8

191.6520.9

.297

9, 639. 67,185. 47,575. 6

1,488.11,088.4

.244

' i 2,136

4,978577,997310,393

72,125017,112

4,04161,370

73.890.333.066.7

59.1

41.384.4

56.160.458.0

153.647.9.273

813.9627.1634.6

1,274.574.4.228

4,16625.96424,245

6,24358,362

3775,033

79.380.238.5102.1

58.951.546.278.7

40.352.739.3

157.523.7.325

788.7584.7626.8

1,229.977.6.274

23,87521,322

4,55244, 022

3154,284

63.382.632.1

110.4

65.855.150.951.8

38.048.551.2

135.924.4.288

720.5607. 9635.1

1,294.641.8.247

34, 67830,786

6,02754,121

3564,703

73.5

35.9111.3

59.649.247.240.8

28.233.445.0

104.913.4.318

766.1568.1623.7

1,250.6151.5.284

48.16425,198

6,32452, 365

3545,304

64.779.235.8

62.047.440.247.1

80.137.743.7

115.533.6.283

807.4575.4621.3

1,350.6100.8.254

52,86221,582

6,88752, 247

3886,218

72.087.142.1

6175.9

50.445.743.243.0

129.273.056. 6

167. 215.7.290

804.0596. 3609.1

1,432.0107.7

. 276

51, 30717,573

0,18550, 541

3404,383

58.575.140.1

144.1

51.344.943.642.1

135.686.248.0

191.676.6.283

805.7578.0613.8

1,488.175.8.202

4,97875, 60025, 764

6,03243,739

2645, 987

57.073.435.3

48.147.247.733.4

135.095.447.9

207.750.4.278

786.7553.5571.5

1,599.5103.7.252

76, 83226,580

4,89649,029

2473,823

60.269.938.6128.8

49.044.045.228.6

134.398.047.8

233.080.5.283

791.2567.3591.2

1,609.492.3.275

52,96426,118

5,29549,198

2804,161

67.382.633.499.2

59.251.141.732.4

134.4103.555.7

237.5104.2.323

823.7098. 7694.5

1,486.4236.4.318

4,79754, 69522, 075

7,08553, 374

3326,180

59.373.037.764.9

55.642.437.143.2

91.179.256.7

226. 972.4.350

747.3624. 7597.0

1,478.9103.3.358

31,27136, 471

6,37145,071

2955,676

67.6' 73.9'46.989.4

-58.150.744.0

'61.2

'89.382.0

'56.1

214.023.0.360

'682.4' 639.1'611.0

1,355.0209.4.353

38,00317,482

6,43246, 687

3446,267

72.180.241.6108.8

56.746.339.562.4

79.675.156.6

182.358. 3.360

631.1585.1554.0

1,166.3159. 9.330

41, 52522, 7G2

7,99155, 079

3505,781

.280

.271

'1,790

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 _ _ _ _ - d o

Prices, wholesale, f.o.b. shipping point:Calfskins, packer, heavy, 9 Hi/15 lb $ per lb._Hides, steer, heavy, native, over fi3 ]b_ __ _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=100..Upper, chrome calf, B and C grades

index, 1967=100

LEATHER MANUFACTURES

Shoes and slippers:Production, total thous. pairs_.

Shoes, sandals, and play shoes, except athleticthous. pairs,-

Slippers doAthletic . . . . d oOther footwear . . do

Exports _ . _ _ do

Prices, wholesale f.o.b. factory:Men's and boys' oxfords, dress, elk or side

upper, Goodyear welt index, 1967=100..Women's oxfords, elk side upper, Goodvear

welt index, 1967=100..Women's pumps, low-medium quality._ do.

296,2792,403

21,269

78,10015,520

879

3.350.234

2 184,104

< 151.1

413,080

331,23270,5367,9173,392

2 4, 332

165.0

151.8e133.5

552,2762,162

2 25,270

89 10016,6031,255

7.754.338

2 203,707

s 197. 9

' 422,507

' 345,433' 64, 880' 10, 064' 2,130

6,023

179.1

163.3140.2

43,076122

2,030

11,4002,366

126

.800

.348

18,795

199.9

'37,285

'30,531' 5,671

'890'193

436

179.4

163.0138.8

43,982161

2,002

7,9001,494

73

.800

.363

14,028

199.9

'29,549

'25,307' 3, 562

' 558' 122

524

179.4

163.0138.8

45,232159

2,073

8,2001,336

41

.800

.373

12, 074

207.1

'34,797

'27,691'6,101

'878'127

560

179.4

165.5138.8

44,874133

2,016

8,6001,414

121

.900

.383

18, 343

211.4

'35,110

'27,775' 6,175

'957'203

411

184.1

166.8145.2

48 140217

2,040

6 10081769

.900

.318

14, 361

207.1

'33,166

'25,521' 6,624

'882' 139

461

184.1

166.8145.2

46,132145

2,042

4 40052355

.700

.290

15,108

195.6

'29.969

'23,556' 5,483

' 775' 155

498

184.1

169.3145.2

48, 522158

2,282

3 500467122

.700

.323

18,388

'29,232

'24,860' 3,294

'923' 155

564

184.1

169.3145.2

50,536194

2,276

5 20081513G

.800

.358

18, 630

32,051

26,5144,542

788207

391

184.1

169.3145. 2

47,158182

1,998

6 3001 166

116

.900

.363

19,272

211.4

31,722

25,7574,895

835235

436

188.9

169.3145.2

55, 844144

2,289

9 4001 942

118

.900

.373

23, 315

211.4

35,119

28,6915,1311,039

258

475

191.3

173.0145.2

53, 264250

2,167

1 355144

.900

.401

18,338

211.4

31,791

25,3245,350

940177

463

192.5

173.0143.8

48, 048174

2,016

2 260123

1.150.413

16,714

211.4

34,116

27,0985, 7561,051

211

412

192.5

173.0143.8

49, 051171

2,023

1,72483

1.150.363

16, 205

201.3

477

192.5

173.0143.8

.900

.381

207.1

194.8

170.2143.8

' Revised. ' Crop estimate for the year. J Annual total reflects revisions not distrib-uted to the monthly data. 3 Average for Jan.-May and July-Dec. 4 Jan.-June andAug.-Dec. 5 Jan., Feb., and Dec. 6 Data include imports for Oct. 7 Average for Jan.,Feb., and Apr.-Dec. 8 Average for Jan.-Nov. 9 Aug. 1 estimate for 1977 crop.

9 Includes data for items not shown separately.<= Corrected.

Factory and warehouse stocks.




11975 | 1976

Annual

1976

June July Aug. Sept. 1 Oct. Nov. Dec.

1977


LUMBER AND PRODUCTS

LUMBER—ALL TYPES 9

National Forest Products Association:Production, total mil. bd. f

Hardwoods doSoftwoods do

Shipments, total ..--doHardwoods doSoftwoods do

Stocks (gross), mill, end of period, total doHardwoods doSoftwoods do

Exports, total sawmill products do.Imports, total sawmill products do.

SOFTWOODS

Douglas fir:Orders, new mil. bd. ft.Orders, unfilled, end of period do . . .

Production doShipments doStocks (gross), mill, end of period do

Exports, total sawmill products doSawed t lmher doBoards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. L.

$ per M bd. ft..

Southern pine:Orders, new mil. bd. ft__Orders, unfilled, end of period do

Production doShipments do

Stocks (gross), mill and concentration yards, endof period mil. bd. ft. .

Exports, total sawmill products M bd. ft._

Prices, wholesale (Indexes):Boards, No. 2 and better, 1" x 6", K. L.

1967 = 100..Flooring, C and better, F . G., 1" x 4", S. L.

1967=100..

Western pine:Orders, new mil. bd. ft_.Orders, unfilled, end of period do

Production doShipments do

Stocks (gross), mill, end of period do

Price, wholesale, Ponderosa, boards, No. 3, 1" x12", II. L. (6' and over) $ per M bd. ft . .

HARDWOOD FLOORING

Oak:Orders, new mil. bd. ft_.Orders, unfilled, end of period doProduction doShipments doStocks (gross), mill, end of period do

131,9105,872

26,038

132,0775,799

26, 278

4, 967875

4, 092

1,6435, 968

7,430550

7,1347,196

920

505125398

158. 88

17,074453

16,79016,965

1,134

67,502

166.6

226.9

8,665538

8,4458,519

1,270

131.97

104.24.5

93.8

98.812.5

137,1766,830

30, 346

137,0726,833

30, 239

5,072882

4,190

1,9098,178

'8,377'634

r 8, 322r 8, 293

-949

602180422

191.24

i 7,879443

i 7,987i 7,889

1,232

140,386

207.5

233.6

r 9, 760554

r 9,789r 9,744

r 1,315

184. 31

114.54.2

104.5

109.38.9

2,949542

2,407

3,150536

2,614

4,922795

4,127

152573

' 756' 685

' 633' 677'992

421329

171.45

694499

664671

1,184

12,872

222.4

231.8

--997598

'789'901

' 1, 252

165.91

10.14.9

8.38.79.6

2,963509

2,454

3,122497

2,625

4, 763807

3, 956

254890

' 664' 652

'658' 697'953

831964

187.49

726479

710746

1,148

9,322

225.1

233.3

'824582

'774'840

' 1,186

161.57

10.85.0

8.110.47.9

3, 265568

2, 697

3, 231570

2, 664

4,791805

3, 9S9

1536S0

'700'007

' 731' 745' 939

471137

195. 59

733470

743742

1,149

11,438

236.3

235.1

'776540

' 850'812

' 1,230

168. 63

10.85.9

8.910.06.2

3,226524

2, 702

3,167507

2,660

4,854823

4,031

165781

'693' 633

' 656' 667' 928

421329

215.08

632418

716684

1,181

11,361

245.1

237.3

' 934535

' 959' 915

'1,244

182.50

9.75.6

9.810.16.4

3, 305550

2,755

3,167525

2,642

4, 991847

4,144

160715

'722'622

' 730' 733' 931

701951

207. 79

695375

1,204

9,114

246.0

237.7

' 8 2 5555

' 8 7 2' 805

' 1,311

198. 68

5.2

9.68.67.5

2, 972496

2, 476

2,911510

2,401

5, 062843

4, 219

140759

' 6 7 3' 018

' 7 0 0' (577' 954

318

23

204. 02

699441

656633

1, 227

12,833

244.3

238.4

'812604

'1,329

198. 57

8.04.4

8.38.37.1

2, 921~'4282, 493

2, 951426

2,525

5,032845

4,187

150779

'G90' 034

' 075' 080'949

4518

218. 76

660443

663658

1, 232

17, 349

246.1

238.4

'822' 836

'1,315

206.15

8.54.2

2 822370

2,452

2, 683385

2,298

5,171830

4,341

144691

075' 638

720071

' 998

421031

228. 38

587416

651614

1,269

9,455

249.2

238.4

' 669550

' 732'673

'1,374

227.16

9.35.1

8.58.1

2,930460

2,470

2, 873478

2,395

5,228812

4,416

G74' (137

086675

• 1,009

371324

225. 50

499

702652

1, 319

16, 361

247.8

238.4

' 7 3 8555

'753'733

' 1,394

232.18

7.45.0

7.97.58.5

3,388532

2,856

3,362543

2, 819

5, 325867

4, 458

169906

771' 072

743730

' 1,016

65

232. 09

790495

787794

1,312

13,413

252.4

240.5

'922589

'914'888

1,420

245. 58

11.86.2

9.810.57.7

3,260536

2, 724

3, 364575

2 789

5,197802

4,395

142890

733' 621

226. 05

790505

1,310

17, 548

258.5

242. 7

'820'821

' 1, 419

251. 21

10.17.0

9.49.37.2

3 °53' 545

2,708

3,314548

2,766

5,133796

4, 337

167996

725'573

737773

' 941

531637

225. 42

509

729753

1,286

14,938

259. 5

243.8

'812510

' 876'848

' 1,447

239. 98

7.65.3

9.19.37.1

150999

748G31

050090907

431231

213.7

18,473

263. 7

246. 0

1,015G37

840918

1,369

216. 44

9.45.6

9.59.16.1

230. 93

275. 9

251.5

219.96

METALS AND MANUFACTURES

IRON AND STEELExports:

Steel mill products thous. sh. tons..Scrap doPig iron do

Imports:Steel mill products do_Scrapf do'Plgironf do_

Iron and Steel ScrapH

Production thous. sh. tons..Receipts, net doConsumption IdoIZIZStocks, end of period... do

2,9539,608

60

12,012305478

i 46,042i 36,753i 82,331i 8,766

70.8372.50

2,6548,120

57

14, 285507415

50, 035i 41,144i 89,914

i 9, 988

73.6279.10

232671

7

1,3555739

4,5963,8648,1729,381

78.5082.00

318769

3

1,1906842

4,3143,3757,4029,652

85.1091.00

280631

3

1,2014917

4,4073,5207,6479,918

Prices, steel scrap, No. 1 heavy melting:Composite (5 markets) $ per lg. t on . .

Pittsburgh district do. _,_r Revised. *> Preliminary. i Annual data; monthly revisions are not available.2 Effective- with Feb. 1977, composite reflects substitution of Los Angeles for San Francisco;

effective July 1977, it reflects addition of Detroit and Houston.9 Totals include data for types of lumber not shown separately.

78.6485.00

193709

3

1,2832855

4,2913,2257,5089,918

183644

4

1,2682622

4,1133,2477,3459, 928

61.6967.50

186554

6

1,59750

3,7863,0906,8739,890

60.0264.00

228634

1,3643464

3,6612, 9406,5089, 988

63.2269.00

162511

4

1,12155

3,4973,3386, 7359, 723

67.0374.00

205465

3

1,0025320

3,5913,5676,6639,828

74.00

202532

11

1,1756217

• 4, 436• 4, 393• 8, 255• 9,864

73.6676.00

233449

4

1,1158014

4 , 3 2 54 , 3 2 4

-8,0979, 882

74.0375.50

178524

10

1,8174336

68.0170. 50

151654

6

1,819M l

58

63.3267.50

2 GO. 4767. 00

fEffective Aug. 1976 SURVEY, scrap excludes imports of rerolling rails and pig iron excludessponge iron imports previously included.

U Effective with 1974 annual and Jan. 1975 figures, data reflect expanded sample andexclusion of direct-reduced (prereduced) iron, previously included in scrap series.


S-32 SUEVEY OF CUKRENT BUSINESS August 1977


1975 1976

Annual

1976


1977


METALS AND MANUFACTURES—Continued

IRON AND STEEL—Continued

Ore

Iron ore (operations In all U.S. districts):Mine production thous. Ig. tons.Bliipments from mines d o . . .Imports do —

U.S. and foreign ores and ore agglomerates:Receipts at Iron and steel plants do.Consumption at iron and steel plants do.Exports do.

Stocks, total, end of period do.At mines do.At furnace yards do.At U.S. docks do-

Manganese (mn. content), general Imports do

Pig Iron and Iron Products

Pig Iron:Production (excluding production of ferroalloys)

thous. sh. tons. .Consumption doStocks, end of period do

Price, basic furnace $ per sh. ton. .

Castings, gray and ductile iron:Orders, unfilled, for sale, end of period

thous. sh. tons..Shipments, total do.

For sale do.Castings, malleable Iron:

Orders, unfilled, for salo, end of periodthous. sh. tons. .

Shipments, total do -For sale do.

Steel, Raw and Semifinished

Steel (raw):Production thous. sh. tons

Rate of capability utilization* percent..Steel castings:

Orders, unfilled, for sale, end of period/ thous. sh. tons.

Shipments, total do . . .For snle, total do-. .

Steel Mill Products

Steel products, net shipments:Total (all grades) thous. sh. tons.By product:

Semifinished products do . . .Structural shapes (heavy), steel piling do . . .Plates do . . .Rnlls and accessories do . . .

Bars and tool steel, total d o .Bars: Hot rolled (incl. light shapes) d o .

Rei nforci ng d o .Cold finished do .

Pipe and tubing d o .Wire and wire products d o .Tin mill products d o .Sheets and str ip (Incl. electrical), total d o .

Sheets: Hot rolled do .Cold rolled do.

By market (quarterly shipments) :Service centers and distributors© do.-_Construction, Incl. maintenance© doContractors ' products d o - - .Automotive do-_ .Rail transportation doMachinery, industrial equip., tools doContainers, packaging, ship, ma te r i a l s . . . doOther© d o . . .

Steel mill shapes and forms, inventories, end ofperiod—total for the specified sectors:

mil. sh. tons .Producing mills, inventory, end of period:

Steel in process mil. sh. tons .Finished steel d o . . .

Service centers (warehouses), inventory, end ofperiod mil. sh. tons .

Consumers (manufacturers only):Inventory, end of period d o . . .Receiptsdur ing period d o . . .Consumption during period d o . . .

78,86675,96746,742

112,718106,230

2,538

69,14412,29952,2314,614

1,033

79,923179,638U,435

181.76

99412,4446,434

64729431

1116,64276.2

7481,9271,575

79,957

3,9105,1218,7611,965

13, 3678,1463,6661,486

8,2282,1545,687

30, 76311,22212,841

15,6228,7673,927

15,2143,1525,1736,053

22, 049

33.9

10.06.7

6.7

10.558.962.1

79,26477,21644,390

117,697114, 324

2,913

75,03514,02656, 2464,763

1,053

86,87086,9291,513

3182. 33

83414,1797,008

56847491

U 27,943'80 .9

4321,8051,512

i 89,447

4,3844,1877,1602,017

114, 2341 8, 664i 3,876

1,618

6,2652,4616,436

42, 30315,09018,265

4 14,615* 7,508

4,50221, 3513,0565,1806,914

* 26,371

36.4

12.27.5

6.5

10.262.662 9

7,8468,9104,554

12,86210,347

271

64,08720,79339,8523,442

161

7,8747,8591,356

182. 25

9201,325666

11,60589.7

508153126

8,537

458430719176

1,335794375159

568242599

4,0111,4991,646

4,1992,0631,2965,684743

1,3571,8367,349

34.5

11.26.8

6.4

10.15.75.6

7,1889,3145,109

13,89210,554

541

65,29818,55843,2563,484

45

7,9997,9301,418

8951,056552

11,40084.8

48611995

7,480

342420687161

1,109659325120

457213540

3,5491,3131,496

35.6

6.7

10.24.94.8

7,4249,5935,333

13, 87310,269

424

66, 64316, 39246,9593,292

134

7,7517,7021,501

8921,195631

11,12882.8

455134110

7,519

345326560155

1,223750328139

497191518

3,7041,3661,569

36.0

11.97.2

10.35.15.0

7,4168,7395,057

13,1349,262363

69,33115,07850,8643,389

87

6,9957,0211,489

8551,197594

10,46380.4

452158134

7,646

379343593167

1,340824356153

490210477

3,6471,3501,505

3,7082,0231,1745,343737

1,3031,6766,670

35.5

11.77.2

10.25.35.4

6,7557,6394,114

11,4328,976160

71,43014,17153, 3193,940

75

6,9696,9981,486

8421,205606

10,29575.8

429155132

6,996

306323559158

1,164664355138

494199464

3,3281,1641,460

35.7

12.07.3

6.2

10.25.15.1

6,0906,8063,904

10,0538,205268

73,24013,46055,1674,613

93

6,3826,4021,492

182.25

8201,160545

9,49472.2

424145123

6,717

319307510182

1,041614291128

456168457

3,2791,1271,474

12.27.2

6.4

10.35.04.9

6,1345,5283,422

9,2748,195238

75,03514,02656, 2464,763

114

6,2726,2751,513

182. 25

8341,036482

9,21567.8

432144125

6,334

321303540187

1,013611274122

460166470

2,8731,0371,228

3,1561,713960

4,873

1,2371,4285,828

36.4

12.27.5

6.5

10.24.54.6

5,6422,2202,252

3,4717,873123

73,53317,11751,8434,573

70

5,9855,9841,530

182,25

8831,088479

9,08966.8

450137121

6,459

275299525143

1,024624265129

437170622

2,9631,0041,322

5,9682,1391,184

3,2327,890

2

72,23320, 92847,1864,119

53

5,8275,8601,520

12.27.3

6.4

10.24.84.8

9011,130507

8,85972.1

446131116

6,690

295320554141

1,086663281136

528183505

3,0771,1131,343

35.5

11.97.1

6.3

10.25.05.0

6,2052,156881

4,2519,641

31

70,05524,97841, 8043,273

29

7,1747,2271,505

178.00

'8841,362629

11,04981.2

436160139

8,750

389380750193

1,425874377166

679239782

3,9131,3631,697

3,4921,681972

5,324788

1,3181,9716,371

11.16.9

'6.3

10.1'5.7'5.8

6,0844,8242,051

7,0589,667364

68,48526,22039,1953,070

48

7,3827,3961,526

178.00

' 9 2 01,302' 632

11,16783.3

-•447'145'123

7,981

374702164

1,373834373159

614234457

3,6781,2921,595

21,3542 6792 405

21,8572 2842 4722 504

2 2,426

34.'

11.07.1

' 6 . 4

10.25.5.7

6,9718,1763,078

11,11910,930

376

67, 70125, 01239,3813,308

121

7,962J>8, 053v\, 507178.00

'964'1,357

'660

12,20188.1

434156132

8,369

385417713175

1,417848397164

625221474

3,9411,4121,665

2 1,4302 6752 436

2 2,0112 3092 5012 555

2 2,453

35.5

11.27.4

6.6

'10.3'5.9'5.

4,299

12,68010,108

393

41,9913,509

119

7,530

178.00

9131,424

703

11,38484.9

8,811

401'410719164

1,514926408173

677240561

4,1241,4291,724

21, 4872 7812 505

2 2, 0662 2762 5292 635

2 2,531

10.97.0

10.06.15.8

178.00

10,399"76.7

' Revised. *> Preliminary. i Annual data; monthly or quarterly revisions are notavailable. 2 jror month shown. 3 Avg. for 8 months; price not available for July-Oct.1976. < See note "© " for this page.

* New series. Source: American Iron and Steel Institute. The production rate of ca-pability utilization is based on tonnage capability to produce raw steel for a full order book

based on the current availability of raw materials, fuels and supplies, and of the industry scoke iron steelmaking, rolling and finishing facilities. Data prior to 1975 are not available.

©Beginning Jan. 1976, data are not comparable with those for earlier periods since oil &gas supply houses and pipelines, which were formerly shown in " Servi je centers and distrib-utors" and "Construction, incl. maintenance," respectively, are now included in Other.


August 1977 SUKVEY OF CURRENT BUSINESS S-33


1975 1976

Annual

1976


1977


METALS AND MANUFACTURES—ContinuedNONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary (dom. and foreign ores)

thous. sh. tons..Recovery from scrap (aluminum content)__do

Imports (general):Metal and alloys, crude doPlates, sheets, bars, etc do

Exports:Metal and alloys, crude doPlates, sheets, bars, etc do--.-

Price, primary ingot, 90.5% minlmum-.$ per lb._

Aluminum products*.Shipments:

Ingot and mill prod, (net ship.) mil. lb-.Millproducts, total do

Sheet and plate doCastings do

Inventories, total (ingot, mill products, andscrap), end of period mil. lb . .

Copper:Production:

Mine, recoverable copper thous. sh. tons_-Refinery, primary do

From domestic ores doFrom foreign ores do

Secondary, recovered as refined do

3,87911,156

457.961.0

185.8185.4

.3979

9,8047,4274, 0521,376

5,999

1 1,413.411,443.41 286.2i 157.2

330.0

Imports (general):Refined, unrefined, scrap (copper cont.)__do

Refined doExports:

Refined nnd scrap _ .doRefined do

Consumption, refined (by mills, etc.) doStocks, refined, end of period do

Fabricators' do_._Price, electrolytic (wirebars), dom., delivered

$ per lb-.Copper-base mill and foundry products, shipments

(quarterly total):Brass mill products mil. lb_.Copper wire mill products (copper cont.) 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) d" doScrap (lead-base, purchased), all smelters

(gross weight) thous. sh. tons_.Price, common grade, delivered $ per lb. .

Tin:Imports (for consumption):

Ore (tin content)! metric tons^Metal, unwronght, unalloyedt do

Recovery from scrap, total (tin cont.)t doAs metalt do

Consumption, totalf doPrimary t do

Exports, incl. reexports (metal)t do.:_Stocks, pig (industrial), endofperiodf do __Price, Straits quality (delivered)* $ per lb_

Zinc:Mine prod., recoverable zinc thous. sh. tons^Imports (general):

Ores (zinc content) __ _ __doMetal (slab, blocks) do._.

Consumption (recoverable zinc content):Ores do_Scrap, all types do_

Slab zinc: §Production (primary smelter), from domestic

and foreign ores thous. sh. tons_. 438.1 498.9 39.6 40.6 36.1Secondary (redistilled) production do 57.9 63. G 5.6 4.4 3.Consumption, fabricators. do 925.3 1 127 1 104.5 87.7 99.5Exports do__._ 6.9 3.5 (2) (a) 2.9Stocks, end of period:

Producers' , at smelter (ABMS)O do 75.7 88.8 69.2 73.0 64.6Consumers' do 107.3 111.8 121.4 126.5 134.2

Price, Prime Western $per lb . . .3896 .3701 .3700 .3700 .3700

' Revised. i Annual data; monthly revisions are not available. J Less than 50 tons.3 See "•" note.cfIncludes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.§ All data (except annual production figures) reflect GSA remelted zinc and zinc purchased

for direct shipment. ©Revised Dec. 31 stocks for 1970-73 (thous. tons): 124 2; 48 6- 30 1-25.9. Producers' stocks elsewhere, end of July 1977, 41 385 tons

330.0146.8

333.1172.4

1,541538177

.6416

2,0252,056

512

i 621.5i 658.5

188.61,297.1

191.4

81.3* 133.3

.2153

6,41544, 36515,8691,917

55, 80043,620

3,5979,536

3.3982

469.4

145.0380.4

182.7223.8

4,2511,346

568.787.1

152.4222.1

.4449

12,568' 9, 716' 5,584' 1,845

5,634

11,611.311,537.2i 1,420.6

1116. 6

547.4384.1

r 250.0113.1

1,991651177

.6956

2,5202,383

547

i 609.5682.5

224.6'1,429.1

180.7

43.7110.1

96.0.2310

5,73345,05514,0572,393

67,56753,850

2,3377,282

3 3.7982

97.1714.5

96.6202.3

345115

70.98.4

9.718.4

.4400

1,168.5916.3533.6

' 163. 4

5,543

129.3133.9125.2

8.728.0

53.838.5

22.49.4

187-•485'168

.7062

672635138

50. (57. i

30.4118.2

200.8

83.7118.0

87.7. 2300

9426,2761,224

2035,9654,665

2828,375

3. 8932

40.8

9.477.2

8.315.3

365105

33.27.5

10.519.8

.4400

942.1801.4468.8

• 129. 8

5,596

127.4111.8104.4

7.424.0

77.966.6

22.38.7

142499149

.7462

48.149.8

13.0101.4

192.4

76.1117.9

91.8.2424

04,207

955244

5,2404,410

1049,6234.2294

38.7

9.860.6

8.814.8

371117

68.68.0

23.9

.4691

1,173.0870.8499.7

' 148. 9

5,542

143.3128.9118.710.226.0

33.022.123.49.4

164500144

.7462

51.057.4

11.1116.2

191.7

66.3119.8

91.2.2476

6663,3161,275

3055,3804,330

1138,749

4.0353

37.1

7.351.6

9.216.1

116

27.96.1

6.218.9

.4800

1,007.3851.2487.6

' 152. 5

5,523

144.0143.7132. 810.930.0

35.913.5

23.010.0

171480124

.7462

61759^131

56.1

12.9121.2

185.2

60.9117.7

98.2.2483

3923,9051,245

2295,6804,695

4187,871

3. 9638

14.376.6

6.616.4

37.13.5

103.8

59.1136.3.3700

391118

34.25.9

7.518.3

.4800

1,015.6784.0454.0

'150 .8

5,589

149.2134.8126.9

7.926.0

42.430.2

22.711.5

164519146

.7206

49.058.4

21.5130.4

182.9

51.8109.5

97.1.2574

02,1951,245

2496,3955,120

797,949

4.0044

40.6

2.663.7

7.816.0

42.73.9

91.4.1

72.6136.1.3700

387119

33.66.5

13.119.2

.4800

960.9742.5432.5160.6

5,689

135.9133.0121.111.841.0

19.110.4

20.47.3

167568152

.7062

49.764.9

18.5122.5

187.2

43.8108.0

95.6.2579

3,4841,245208

5,9504,609

2667,213

4.0778

37.3

8.952.4

6.815.7

37.04.2

81.4.2

82.7124.3.3700

400106

25.96.5

12.721.0

.4800

1,055.6802.3494.3

' 147. 6

5,631

138.4136.0124.012.030.0

40.626.8

17.16.8

168651177

.6577

582581142

51.257.3

24.3120.0

180.7

43.7110.1

96.0. 2582

1,3464,9561,275193

5,7004,600

3527,2824.1817

36.6

8.062.5

7.115.1

41.43.779.1.1

111.8.3700

109

15.85.5

9.813.2

.4800

885.8742.5422.5168.7

5,804

142.0r 125.5r 118.0

7.530.0

39.226.8

13.93.7

158647178

.6624

45.054.3

19.7123.4

169. £

36.5104.2

85.0.2686

24,0161,140120

5,6004,400

5948,0324.6347

39.1

10.334.0

6.315.0

42.53.183.6

.1

352109

48.55.0

10.618.1

.4800

976.9752.7429. 6166.9

5,874

131.9123.6' 114.4

9.231.0

29.921.7

11.11.8

169668181

.6862

49.158.3

24.0114.5

173.2

27.1106.1

84.0

1,0794,5771,275125

5,5004,500

6067,8835. 0743

40.5

4.337.8

7.715.2

82.00

90. 5 84. 2112.9 105.2.3700 I .3700

379124

6.0

4.311.7

.4878

1,432.11,022.6606.3186.7

5,648

159.0• 169.0• 160.1

9.532.0

34.117.7

13.62.6

230666194

.7255

701659145

56.868.2

22.3134.4

162.5

22.7104.9

89.3.3100

5224,5231,480150

6,8005,300

6165,8745.1893

41.9

7.351.6

8.116.4

38.84.8

106.2

58.9108.0.3700

371123

59.36.1

10.4

.5100

1,204.6952.1557.4166.2

5,579

147.1• 166.2157.3

8.836.0

49.635.0

13.13.9

198662220

.7439

53.261.4

15.4126. 9

163.4

20.5101.6

90.6.3100

4993,9551, 210

1505,8004,600

3706,175

4. 8007

40.2

4.760.8

8.316.4

38.7' 4 . 29G.2

67.9116. 7.3700

382120

59.84.8

2.27.9

.5100

, 196. 5967.2564.4171.9

5,525

r 146.516G. 9

• 15G. 410.539.0

44.228.6

14.74.0

.7261

48.461.1

19.8121.8

158.0

19.7101.1

89.0.3100

4973,711

4.8861

4.G52.1

9.316.2

34.23.0

96.5

78,9107.7.3557

74.1

6.718.1

.5100

179. G

138.5176.91GG. 510.4

41. 936.0

36.05.2

.7120

50.3

6.2

.3100

2,4293,549

381

4.8179

'38.9

8.136.2

77.3

.3400

.6800

.3100

5.1804

74.9

.3400

•New series effective with data for Jan. 1976. Source: Metals Week. MW Composite monthlyprice (Straits quality, delivered) is based on average of daily prices at two markets (Penang,Malaysia—settlement, and LME 3-month—High grade), and includes fixed charges plusdealer's and consumer's 70-day financing costs; no comparable earlier prices are available.

t Effective with the Apr. 1977 SURVEY, data are expressed in metric tons (to convertU.S. long tons to metric tons, multiply by factor, 1.01605).




1975 1976

Annual

1976


1977

Jan. Feb. Mar. Apr. May- June July

METALS AND MANUFACTURES—Continued

MACHINERY AND EQUIPMENT

Heating, combustion, atmosphere equipment, neworders (domestic), net, qtrly 9 O mil. $._

Electric processing heating equip doFuel-fired processing heating equip do

Material handling equipment (industrial):Orders (new), index, seas, adj 1967 = 100..

Industrial trucks (electric), shipments:Hand (motorized) number..Rlder-t y pe do

Industrial trucks and tractors (Internal combustionengines), shipments number..

Industrial supplies, machinery and equipment:New orders index, seas, adjusted...1967-69=100..

Industrial suppliers distribution:Sales index, seas, adjusted 1967=100..Price index, not seas. adj. (tools, material handling

equip., valves, fittings, abrasives, fasteners,metal products, etc.) 1967=100..

Machine tools:Metal cutting type tools:

Orders, new (net), total mil. $__Domestic do

Shipments, total doDomestic do

Order backlog, end of period do

Metal forming typo tools:Orders, new (net), total do..

Domestic do_Shipments, total do

D omesti c do _Order backlog, end of period do_

Tractors used in construction, shipments, qtrly:Track laying, total units. .

mil. $..Wheel (contractors' off-highway) uni ts . .

mil. $..Tractor shovel loaders (integral units only), wheel

niid tracklaying types units. .mil. $..

Tractors, wheel, farm, nonfarm (ex. garden andconstruction types), ship., qtrly units. .

mil. $..

ELECTRICAL EQUIPMENT

Batteries (auto.-typereplacement), ship thous..

Radio sets, production, total market thous..Television sets (incl. combination models), produc-

tion, total market thous..

Household major appliances (electrical), factory ship-ments (domestic and export) 9 thous..

Air conditioners (room) doDishwashers doDisposers (food waste) doRanges doRefrigerators doFreezers doWashers doDryers (incl. gas) do

Vacuum cleaners (qtrly.).._ do

GAS EQUIPMENT (RESIDENTIAL)

Furnaces, gravity and forced-air, shipments, thous..Ranges, total, sales doWater heaters (storage), automatic, sales do

146.443.652.4

135.6

15,06319,381

36,388

142.3

165.2

169.4

915.90780.50

1,878.651,548.101,062.4

270.45212.65573.05484.50218.6

20,4531,111.5

4,592289.6

37,9561,132. 7

224,2592,321.5

42,582

34,516

10,637

i 24 29°*2,6702,7022,080

1 2,0824,5772,4574 2282,8697,817

1,1861,6182,645

184.335.877.3

167.5

15, 78616,152

33,930

165.4

183.8

178.4

1, 662.151,476.601,482.101,269.851, 242. 4

568. 05508. 95577.55473. 50

209. 2

r 19,5331,025. 7

3.772238.3

34,543975.7

207,0362,451.5

49,203

44,102

14,131

25,800i 2, 962

3,1402, 5152,4624,8171,5484, 4923,1739, 285

1,5551,8243,112

53.38.9

27.0

169.7

1,4141,332

3,139

163.4

180.2

122. 45110. 30128.15104.55961.7

49.8047.5554.3044.50173.8

• 5,043250.2

• 1,1G776.9

9,410249.4

674.4

3,524

; 3,095

! 1,364

339.1262.2214. 9223.3494. 6128.4408.7253. 7

2,100.2

116.0180.4277.6

154.9

1,3911,365

2,550

164.6

186.5

178.2

126. 30118.0097.3584.30990.6

57.0050.9551.3043.40179. 5

3,523

2,924

908

ri 2,132r 173. fir 209. 7r 183.9r 202. 2r 488. 3r 105. 3

344.7219.1

124.5116.3228. 9

184.4

1,2061,204

2,739

161.9

192.8

179.1

146.55134.7592. 2578.65

1,044.9

55.5051.8532.0525. 90202.9

543,4045 458.1

4,335

4,929

1,262

75.3280.5234.4215.5477.0169.0444.2300.6

124.6139. 7213.1

45.810.618.9

188.0

1,4101,588

3,097

169.2

190.2

180.4

166.55130.75140.35121.90

1,071.1

60.4055.3047.0539.30216.3

4,71171.9902

60.0

8,592255.8

44,189538.4

4,872

2 4,671

2 1,647

2,07577.6

245.7238 2206.7420.7142.8414.7305. 9

2,301.5

154.1165.1236.6

1,4031,615

3,519

171.2

186.6

181.5

190. 55168. 60112. 6096. 95

1,149.0

48.8039.0550.5041.95214.6

5, 313

5,365

1,407

2,05683.0

321.6235. 7224.1392. 7108.2369. 6295.1

169.8148.1246.4

177.9

1,5271,629

3,520

171.9

186.8

182.9

201.30191.35117.10106.10

1,233.2

43.8539.0059.9046.60198.6

553,9685625. 2

5,052

3,616

1,219

1,86883.6

301. 4193.8207.8330.7

84. 9345. 0295. 3

132.6136.1240.4

45.510.718.2

198.5

1,3961,618

2,594

178.7

187.5

183.7

171.10150.50161.95145.701,242.4

58.1553.5047.5540.65209.2

4,558248.6

81349.5

7,628

43,112522.3

5,460

2 3, 526

2 1,216

1,714186. 9245.3202.4187.5289. 581.3

277.1217.8

2,490.9

125.1152.4251. 5

209.7

1,2421,678

3,669

187.6

191.2

185.8

153. 45139. 70

94. 3080.55

1,301.6

46.1542. 5050. 7536.45204.6

4,909

2,697

1,103

1,907219.2239.4224. 3187.0354. 9101.1352. 0247.7

129.2113.6249. 9

226.1

1,4391,660

4,014

188.3

186.4

187.5

135.35117.20111.9099. 50

1,325.1

56. 5552.6556.7550.65204.4

4,314

2,738

1,141

2,179253.4272. 0228. 7193.4374. 6107.1406. 6292. 2

118.5133. 7

49.0

18.1

227.7

1,5691,912

4,274

194.6

196.9

188.2

200.20186.95129.90117.50

1,395.4

62. 5553.0053.3049.15213.6

4,963267.81,03762.2

10,827320.9

60,072785.5

3,947

2 3,832

2 1, 346

4 2, 903427. 7316.4252. 1250. 4505. 8152. 5478.3336. 5

, 489. 3

127.9170.0290. 9

235.7

1,3851,674

3,677

201.7

205.0

188.7

196.75188.05125.25110.951,460.9

55.1551.3551.5045.70217.3

'1,5833 79.7

r 19,4243 245. 0

3,183

2, 935

1,203

4 2, 506488.1235. 7225. 5215.5419. 9114.9361.5241.5

1,3511,929

,3, 666

198.8

201.9

189.4

199.70175.00130.50118.201,536.1

66.2560.1055. 2050.65228.3

3 1,7873 95.7

120.9142. 5298. 8

» 19,9513 253. 8

3,302

3,391

1,255

4 2, 580440.8255. o229.1242. 3456. 7136. 2404. 9246. 3

' 151. 8" 28(5. 2

17.022.3

1, 6702,182

3,9.36

199.1

207.5

190.3

187.2")159.5515-).()")136.50l, .508.2

r 70.00r 02. 30r 07. 20r 04. 30'231.1

3, 502

! 3, 684

• 1 ,431

• 3 , 0 3 6393. 4327. 8256. 4288. 9659. 1196.3405. 4291.3

111.3155. 9280. 8

207.9

P12"). 0.")P122. ")()P114. 10pl,595.8

PG9. 9r,PG3. 85r>48. 50P44. 3f)P252.0

4,404

1,127

4 2, 5.-)0411.1202. f>228. 4222. 9f)2f>. 0191.8301.8240. 3

PETROLEUM, COAL, AND PRODUCTSCOAL

Anthraci te :Production \ thous. sh. tonsExports doPrice, wholesale, chestnut, f.o.b. car at mine

$ per sh. ton._Bituminous:

Production t thous. sh. t ons . .r Revised. v Preliminary. i Annual data; monthly or quarterly revisions not avail.- Data cover 5 weeks; other periods, 4 weeks. 3 For month shown. 4 Includes U.S.

produced and imported microwave ovens and combination microwave oven/ranges as follows:19/6—June, 98,800; July, 104,900; 1977—June, 125,800; July, 120,800; products do not add tototal shipments (which also includes compactors and dehumidifiers not shown separately)because of overlapping product categories. s For same qtr.—1975.

9 Includes da ta not shown separately.

1 6,203640

44.856

648,438

16,410615

46.428

665,000

r

46.

58

61075

428

436

49047

46. 428

43,250

59047

46. 428

53,440

615120

46. 428

59,675

46.

57

55042

428

498"

46.

56,

49056

428

995

40536

46. 550

44,555

43542

46. 550

r 50,365

60059

46. 550

65,020

46.

57

50018

550

160

46.

61.

55084

550

560

46.

03,

57520

050

180

47523

46. 428

57,046

% Monthly revisions back to 1973 are available upon request.O Effective 1976, data reflect additional reporting firms.

425

40. 050

47,785


August 1077 SUEVEY OF CURRENT S-35


1975 1976

Annual

1976


1977


PETROLEUM, COAL, AND PRODUCTS—Continued

COAL—Continued

Bituminous—Continued tIndustrial consumption and retail deliveries,

total? thous. sh. tons-.Electric power utilities doM fg. 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 d o —Mfg. and mining industries, total do

Oven-coke plants do

Retail dealers. _do.

Exports. (^oPrice, wholesale Tndox, 1967 = 100.

COKEProduction:

Beehive thous. sh. tons.Oven (byproduct) doPetroleum eoke§ do

Stocks, end of period:Oven-coke plants, total do

At furnace plants doAt merchant plants do

Petroleum coko do

Exports do

PETROLEUM AND PRODUCTS

Crude petroleum:Oil wells completed number..Price, wholesale Tndex. 1967 = 100,.Gross input to crude oil distillation units..mil. bbl.Reflnery operating ratio % of capacity..

All oils, supply, demand, and stocks:New supply, totalcfj mil. bbl..

Production:Crudo petroleumt doNatural-gas plnnt liquids do

Imports:Crude nnd unfinished oils doRefined products}: do

Change In stocks, al! oils (decrease,—) do

Demand, totalX doExports:

Crudo petroleum doRefined products do

Domestic product demand, total 91 doGasoline doKerosene do

Distillate fuel oilt _ _ do _Residual fuel oilt 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:Gnsoline (incl. aviation):

Production doExports doStocks, end of period do

Prices fexcl. aviation):Wholesale, regular Tndex, 2/73=100..Retail (regular grade, excl. taxes), 55 cities

(mid-month) $ per gal_.Avlation gasoline:

Production mil. bblExports doStocks, end of period do

Kerosene:Production doStocks, end of period doPrice, wholesale (light distillate)

Index, 1967=100..

2 556,301403,249145, 74683, 272

2 7, 282

127,115109, 70717,1758,671

233

65,669387.0

3 72756,49425,848

4,9964,718

2781,472

1,273

216, 408245.7

4,709. 386

5,876.9

3, 056. 8609.7

1,511.2699.2

» 11.8

6, 033. 9

2.174.3

5, 957.52,450. 3

58.0

1, 040. 6898.6365.3

50.2147.4486.4

1,133. 0271.4113.7747.9

2, 393.6.8

238.0

211.8

.455

13.7.1

3.0

55.715.6

285.6

597, 479445, 750144,81784,324

6,900

133,673116,55416,8799,804

240

59, 406367.5

60557, 72826,029

6,4876,173

3142,127

1,315

17,020253.6

5,081. 489

6,242.6

2, 971. 7601.0

1,946.9723.1

- 2 1 . 1

6, 465.7

2.978.7

6,384.12,567.2

61.8

1,145. 61,019.6

361.4

55.7146.8514.0

1,111.8285.5118.6707.7

2,517.01.3

234.3

233.4

.474

13.3.2

2.8

55.712.5

311.9

48,47236,27911,8277,154

365

140,237122,11317,98611,257

138

6,569365.8

554,9382,149

4,7294,504225

1,785

137

1,500247.8427.7

93

518.1

244.349.4

169.155.3

20.3

511.4

06.4

505.1226.03.6

73.175.629.2

5.017.033.3

1,093.6281.7120.0691.9

220.60)227.7

228.9

.479

1.40)2.3

3.513.1

303.2

51,69639,68811,7437,267

264

129,606114,09915,3678,715

140

515,0072,241

4, 6414,383258

1,840

101

1,312254.3446.1

94

546.5

251.250.7

180.364.3

40.8

522.5

07.5

515.0228.03.1

69.979.234.1

5.117.934.2

1,134.4282.6121.3730.5

223.90)229.4

239.1

.485

1.40)2.5

3.313.4

304.9

52,06940,18111,5007,039

123,662109,51613,9727,258

174

4,223366.7

47, 75035,84511,4636,908

440

129,867114,32815,3528,194

187

5,613366.8

48 504,785 4,7202,319 2,140

4,4454,202244

1,825

210

1,265254.3446.3

91

529.7

250.350.5

172.756.1

23.3

522.7

.46.4

515.9223.72.9

69.483.029.9

4.520.037.6

1,157.7277.3116.6763.9

223.32

233^2

242.9

.487

1.60)

4.315.0

308.8

4,7504,511

2391,867

170

1,474254,3425.3

89

532.0

245.649.1

177.160.2

33.8

510.6

05.9

504.8213.5

4.5

78.575.531.4

4.917.737.3

1,191.5284.4118.9788.3

207.80)

232.6

244.8

.487

1.4

4.515.2

310.9

49,24836,61912,0677,042

560

133, 581117,45915,9329,037

190

5,871367.0

424,8572,135

5,1794,939

2411,986

91

1,396264.4428.0

86

533.0

249.550.7

177.155.6

12.3

534.7

.65.6

528.6215.9

4.8

93.977.928.2

4.615.246.4

1,203.9297.7118.3787.9

208.10)

229.1

244.5

.487

1.0(02.7

4.815.6

315.5

51, 32038,17812,4016,901

740

134,117117,322

16, 5859,605

210

5,451368.0

424,7522,099

5, 7995,539

2612,081

90

1,291264.4437. 3

90

532.8

241.349.7

179.162.7

-23 .0

575.8

.99.5

565. 4212 2

£5111.497.629.4

4.511.252.4

1,180. 8298.8120. 5761.5

209.30)

230.5

243.5

.486

1.1(l)2.84.9

14.4

319.7

55,64240, 95013,5216,941

1,170

133, 673116,55416, 8799,804

240

4,625372.8

554, 7512,211

6,4876,173

3142,127

32

1,512264. 4457.0

91

559.1

248.250.8

184.875.4

-69 .0

644.3

1.17.6

635.7222. 2

9~!4

144.2111.831.8

4.66.1

59.6

1,111.8285. 5118.6707.7

223.5. 2

234*. 3

241.9

.483

1.0(02.8

6.912.5

322.5

57, 05243, 09412, 8086,408

1,150

118, 080103, 88314, 0678,107

130

2,143375.3

494,4122,135

6,9706,660

3102,184

91

1,391262.9453.6

89

r 506.1

241.549.2

r 1%. 079.3

-46 .9

040.9

.45.5

634.9201.2Ml . 1

r 158.4' 116. 0

r32.7

4.45.0

' 59. 8

1, 064. 9294.0112.1658.8

215.8.3

255.5

239.9

(0

7.910.5

325.6

50, 77637, 52412,5226,274

730

114,387101, 06513,1827,463

140

3,079376.5

374,2732,005

7,2476, 953

2942,282

51

1,321274.2425.6

93

r 549. 7

225.945.8

' 180. 9

^ 91.1

- 1 4 . 4r 578. 5

1.74.9

' 572.0194.1

7.4

r 132. 0r 102. 5

29.0

3.55.3

' 53. 6

1,050.5291.4108.5050. G

191.6.1

258.1

240.4

0)2.67.1

11.7

339.2

50,23837,14512,5687,043

525

122,584107, 37415,0559,025

155

3,390378.0

374,6962,239

7,2977,005

2922,300

108

1,817270.045G.3

90

589.0

248.753.7

206.779.9

36.3

566.1

1.05.4

559. 7215. 0

4.4

100.097. 632.3

5.98.1

42.0

1,086.8299. 5113. 6673.8

214.00)

264.7

245.6

.496

1.20)2.6

13! 6

346.6

46,88833,85112, 4566,806

580

129,830113,03110,0599,898

140

5,639379.1

364,072

7, 0546, 765

290

108

1,405271.0

249.5

.503

351.7

50, 01537, 02312, 5<>(>

0,991

425

137,518120, 358

17,00010, 025

160

5,673386.1

264,819

0,7496,514

235

95

1,382271.0

254.5

.510

355.0

G, 019' 389.7

160

1,720271. 8

258.9

.517

357.2

392.2

261.2

.517

300. 5r Revised. 1 Less than 50 thousand barrels. 2 Reflects revisions not available by

months. » Not comparable with data for earlier periods because stocks cover 100 additionalterminals beginning Dec. 1974.

9 Includes data not shown separately. § Includes nonmarketable catalyst coke.

cflncludes small amounts of "other hydrocarbons and hydrogen refinery input," notshown separately. JMonthly revisions back to 1973 for bituminous coal and back to 1974for petroleum and products are available upon request. c Corrected.


S-36


1975

SUJ

1976 P

Annual

t OF CUliJLiEJN T 13 LJS1JNJ

1976


August 1977

1977


PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS—Continued

Refined petroleum products—ContinuedDistillate fuel oil:

Production mil. bblImports? do -Exports do _Stocks eivd of period _ ___ __do _Price wholesale (middle distillate)

Index, 1967=100...Residual fuel oil:

Production mil. bblImportsJ doExports doStocks, end of period.. _ _ doPrice, wholesale Index, 1967—100

Jet fuel:Production mil. bblStocks, end of period do

Lubricants:Production doExports , doStocks, end of period. _ _. _ _ _.do _

Asphalt:Production mil. bblStocks end of period do

Liquefied gases (inch 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 .

968.656.7

. 3208.8

309.4

451.0446.5

5.374.1

495.5

318.030.4

56.29.1

14.3

144.022.8

557.5444.1113.4125.1

1 070.252.5

.4186.0

336.8

504.0511.7

4.272.3

451.7

335.832.1

61.89.5

12.3

139.719.4

561.9437.4124.6116.3

86.64.5

(2)165.1

329.2

37.237.2

. 264.3

440.1

26.433.9

5.3.7

12.4

14.925.8

45.634.910.7

130.4

91.83.9

(2)190.9

332.1

39.345.3

. 369.8

431.9

28.932.7

5.3. 8

11.8

16.024.1

47.136.111.0

138.4

92.44.1

. 1218.0

336.0

40.940.5

268.5

443.7

29.233.1

5.5. 8

12.2

15.720.3

47.035.811.2

143.6

88.44.4

(2)232.3

338.8

39.943.3

. 376.4

445.5

29.733.2

5.4. 9

12.1

15.218.1

46.135.510.5

147.2

92 94 4

(2)235.6

341.2

41 9

279.1

453.8

27.634.0

5 5.9

12.1

13 116.4

46.837.2

9.6143.9

95.44.0

(2)223.7

344.0

47.444.2

. 573.3

468.7

27.633.9

5.4. 9

12.3

11.116.7

47.037.1

9.9134.2

100.95.5

(2)186.0

349.6

54.955.5

. 172.3

477.8

27.932.1

5.4. 9

12.3

8.519.4

48.337.810.6

116.3

104 6r 10.8

(2)143.0

359.0

58.6r 49.5

. 164.7

492.3

28.430.2

5.0. 7

12.3

6.520.9

46.336.310.098.9

r 103. 7'18.6

(2)133.3

369.4

r 54. 6'•54.4

. 271.4

523.1

27.330.5

4.7. 7

13.0

7.623.3

42.933.5

9.486.5

98.616.1(2)

141.9

377.8

53.243.9

. 171.2

533.1

29.630.7

5.5. 8

12.0

10.325.6

48.738.410.291.2

384.0

545.9

37.3

387.0

544.0

386.8

524.5

388.7

510.2

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts thous. cords (128 cu. ft.)Consumption. _ doStocks, end of period do

Waste paper:Consumption thous. sh. tons..Stocks, end of period. do

WOODPULPProduction:

Total, all grades thous. sh. tons_.Dissolving and special alpha. _ doBulfate _ doSulfite___ doGroundwood doDeflbrated or exploded, screenings, etc doSoda and semichemicaL. 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 , do _All other. do

Imports, all grades, total. . doDissolving and special alpha doAll other do

PAPER AND PAPER PRODUCTS

Paper and board:Production (Bu. of the Census):

All grades, total, unadjusted.__thous. sh. tons..Paper.. _ . doPaperboard doWet-machine board. _ _ doConstruction paper and board do

Wholesale price indexes:Book paper, A grade 1967 — 100Paperboard doBuilding paper and board -.do

]

65,45665,4216,571

10,345731

«43,2481,583

3 29,3771,9514,351(4)

3 3,201

51,1586 519

55287

12,565692

i 1, 872

i 3,078140

i 2,937

52,35923,29524,288

1134,663

170.3127.1

PULP,

73,62174,2456,445

10,183779

* 47,0331 490

3 33,5282 2064,767(4)

3 5,042

51 040«586

38965

12,518730

i 1,787

i 3,727188

i 3,539

59,51226, 60227 594

1005,216

190 4138.7

PAPER, AND

6,3186,4295,912

880656

4,061141

2,871191401

457

1,21573043452

21657

159

3447

337

5,1722,2862,426

9451

177.1139.5

6,0015,8406,036

784699

3,713101

2,677161388

386

1,12662044956

20753

155

3079

298

4,6402,0542,165

6414

178.4141.2

6,3696,3176,069

874675

4,076126

2,890208415

436

1,081606417

58

23266

166

33520

315

5,0832,2362,371

10466

179.0140.7

PAPER PRODUCTS

6,1165,7876,505

824713

3,613111

2,537180388

396

1,051578413

60

22348

175

30625

281

4,6612,1182,118

8417

179. 2141. 9

6,4436,5066,270

888710

4,120117

2,976199382

449

980514398

68

20165

136

30823

286

5,1082 2649 386

8451

178.7141.2

5,9306,0696,111

829721

3,966138

2,813189411

415

1,133670395

68

19160

131

29711

286

4,8862,2122 250

7416

178.5141.8

5,8975,5716,445

772779

3,336112

2,438169337

280

1,040586389

65

21054

156

30317

286

4,4802,0902,001

6383

177.5144.2

5,8186,3736,180

825709

3,753139

2,758180360

317

1,020605354

62

18453

131

28117

263

4,8612,2222,239

8383

174.6144.8

6,1766,0056,247

815718

3,850120

2,741174402

413

1 045' 593390

63

23676

160

3348

326

4,6822 1352 168

7372

173 5144.' 5

6,5956,5626,331

939732

4,112152

3,026191390

354

1,132640424

69

23665

172

35914

345

5,4322 4252 502

9496

172 6145.' 9

6,2446,4366,046

'890'714

' 3,999127

' 2,986' 172

376

338

' 1,132'644'415

72

24684

162

30619

287

' 5,148' 2 281' 2 399

' 8'459

174 5148.8

6,4806,5680,127

922072

4,140139

3,079189385

348

1 144662412

70

27080

191

30421

283

5,3032,3272 480

9487

179 0151.3

20657

150

38518

366

179 5153.8

180 0157.8

r Revised. v Preliminary.1 Reported annual total; revisions not allocated to the months. J Less than 50 thousand

barrels. 3 Beginning with January 1975, data for soda combined with those for sulphate;not comparable with data for earlier periods.

4 Beginning March 1975, data for defibrated or exploded, screenings etc., not available;not comparable with those for earlier periods. 6 Data exclude small amounts of pulp be-cause reporting would disclose the operations of individual firms.

^Monthly revisions back to 1974 are available upon request.


August 1977 SUKVEY OF CURRENT BUSINESS S-37

Unless o therwise s ta ted in footnotes below, da tathrough 1974 and descriptive notes a r e a s shownin the edition of 1975 B U S I N E S S S T A T I S T I C S

1975 1976

Annual

1976


1977


PULP, PAPER, AND PAPER PRODUCTS—Continued

P A P E R AND P A P E R PRODUCTS—Con.

Selected types of paper (API):Groundwood paper, uncoated:

Orders, new thous. sh. tons.Orders, unfilled, end of period d o . . .Shipments d o . . .

Coated paper:Orders, new d o . . .Orders, unfilled, end of period do . . -Shipments d o . . .

Uncoated free sheet papers:Orders, new d o . . .Shipments d o . . .

Unbleached kraft packaging and industrial con-verting papers:

Orders, new d o . . .Orders, unfilled, end of period d o . . .Shipments d o . . .

Tissue paper, production d o . . .

Newsprlnt:Canada:

Production do.Shipments from mills do_Stocks nt mills, end of period do_

United States:Production do^_Shipments from mills doStocks at mills, end of period do

Con sumption by publishers d" 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 Index, 1967 = 100..

Paper board (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, shipments__thous. sh. tons..m i l l . .

1,251179

1,189

'3,128'262

' 3,194

5,3275,471

3,422149

3,4063,979

7,6797,727

95

3,6143,613

21

6,363

734

5,847

184.0

4821,165

476

194,329

2,380.01,755.0

1,324145

1,345

' 3,905308

' 3, 981

6,0246,558

3,9084,186

8,9158,712

299

3,6863,678

29

6,534

921

6,569

198.2

385988471

216,371

2,592. 01,979.0

126189111

299273343

511570

333337

814824234

305308

25

534

788

610

197.9

5551,188

564

18,526

227.6171.9

109185111

337311308

473509

305322

813735312

286285

26

502

202.7

5051,214

494

17,406

196. 6150.6

117172114

336296340

536

336364

824804333

31731330

526

884

613

203.3

5671,166

572

18,182

223.3171.3

109181106

325292339

474510

309343

760749345

292291

31

539

897

538

205.3

5221,105

508

18,633

227. 6177.2

117183119

360295347

498539

341365

8133G9

321316

36

599

884

581

205.3

5741,096

564

19,073

229.8178.6

102161110

297262338

489526

315359

794813350

32232136

595

906

662

205.3

5421,088

561

18,097

210.8165.6

99145111

301

~33l"

466509

300340

718769299

282289

29

575

921

594

207.6

385988471

16,672

227.1177.4

117146115

382361331

585546

320363

733653379

32331241

529

873

209.4

5281,089

504

16,189

' 207. 5163.0

107145104

••334-•381' 3 3 1

' 553

324'340

690648420

29128547

483

896

500

209.4

5531,097

561

17,656

' 1 9 7 . 6-•157.2

115155113

' 3 9 6' 3 5 0' 3 8 2

'G31' 6 4 0

350' 3 7 4

726734412

33332158

572

897

599

216.7

5961,189

581

19,783

230.7182.2

332371343

572601

360

732729416

306299

64

563

873

495

216. 7

5801,217

585

18,956

206.0' 163. 8 I '175.1

340340350

573G19

371

755747424

323324

G3

599

831

530

216.7

5981,208

599

19, 377

219.1

337349345

350

768416

330333

59

556

835

216.7

5771,182

580

19,505

217. 6173.4

216.7

5061,220

501

17, 251

RUBBER AND RUBBER PRODUCTS

RUBBER

Natural rubber:Consumption thous. metric tons . .Stocks, end of period doImports, lucl. lntexand guayulc . thous . Ig. tons. .

Price, wholesalo, smoked sheets (N.Y.)__$ per lb._

Synthetic rubber:Production thous. metric tons . .Consumption _ doStocks, end of period IIIIIIIdoll!!

Exports (Bu. of Census) thons. Ig. tons..

Reclaimed rubber:Production thous. metric tons..Consumption doStocks, end of period ~_~_~_ d o " . V.

TIRES AND TUBES

Pneumatic casings, automotive:Production thous . .

Shipments, total doOriginal equipment I*- ——1_ IIIIIdo.'IIIReplacement equipment.._ doExports do

Stocks, end of period _ doExports (Bu. of Census) IIIIIIIIdoll —

Inner tubes, automotive:Production doShipments II.II do.IIIStocks , end of period doE x p o r t s (Bu . of Census) do

669. 97105. 38656. 60

.299

1,937.852,022.43

369. 86

214. 50

78.23100. 2210.18

186,705

196,29547,467

142, 7066,122

50,0206,124

32,58434,5819,2123,998

730. 73141. 84712. 90

.395

2, 303. 752,175. 26

458.12

267. 99

78.4681.8916.81

187,953

210,702GO, 138

145,8094,695

34,7684,784

27,54833,3045,1063,167

'. 54 50. 45

65.71

.440

58.41

.401

17G.29 I 156.68146.74 1 118.24

22.48

4.093.24

24.75

10,453

18, 8425,48213, 081

279

32,405

387

1,6053,1286,249278

8,025

15,6693,73011,758

181

25,581236

1,3042,6385,259235

42.01

40.33

.405

160. 70142. 47

22.70

3.822.96

8,954

14,1033,57410,345

184

21,285225

1,5042,4694,607203

67.45

.396

192. 65220. 24

20.59

9.2810.20

18,096

15,6094,21111,144

254

24,594247

2,4775,400

74

64.48

50.01

.420

209.50213. 31

21,113

18,7184,373

14,013332

27,581306

2,8672,5054,679

255

56.86

52.30

.430

206. 33211.87

19.86

8.318.44

18,827

16, 8735,419

11, 064391

30, 200397

2,4612,2814, 912

249

59.431 141.84

68.80

.400

210. 92200. 561458.12

8.438.10

1 16. 81

20,194

1G,4GGG, 2419,731

494

34,7G8519

2,3622,3155,100

357

G7.271 119.9270.19

.408

203.9r21G. 92

i 441. 3-

19.11

6.740. 78

15. 95

20,638

110,773-' 5, 835: 10,490

2 412

2 39,010483

253

G8. 50127.0455.61

.408

193. 03202. G8431.81

20.97

G.778.96

i 1.5. 83

20,094

10, G094, 838

11,282489

43,212546

18G

77.57123.7782. 29

.416

213. 07238. 09

i 407.G2

7.909. G8

i IG. GG

22, G 40

21, 022G, 423

14, 020579

45, GIG637

240

68.60118.3072.18

.406

204. 80200.42412.85

21.48

7.029.78

1G.2G

20,087

20,530">, 766

14,313451

45,832G18

229

67.661116.72

49.98

.408

213.52220.14420. 56

22.0G

6.759.40

i 14. 99

19,512

19,7905, 828

13,501461

46,231504

71. IG

.390

20.78

20, 734

22, 758G,511

1"), 742501

4.1,887

103

.391

/ Revised. i Producers' stocks are included; earlier data will be shown later 2 Be-ginning Jan. 1977, data cover passenger car and truck and bus tires; motorcycle tires and tireslor mobile homes are excluded.

cf 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 the

month; annual data are as of Dec. 31.


S-38Unless otherwise stated in footnotes below, data

through 1974 and descriptive notes are as shownIn the 1975 edition of BUSINESS S T A T I S T I C S

1975

SUK1976

Annual

JUKI BUZ 5S

1976


August 1977

1977


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..Bewer pipe and fittings, vitrified d o —Facing tile (hollow), glazed and unglazed

mil. brick equivalent..Floor and wall tile and accessories, glazed and un-

glazed mil. sq. ft..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, totalf doNarrow-neck containers:

Food do. . . .Beverago _ doBeer doLiquor and wine. do

Wide-mouth containers:Food (incl. packer's tumblors, Jelly glasses,

and fruit Jars)$ O thous. gross..

Narrow-neck and Wido-mouth containers:Medicinal and toilet __ doChemical, household and industrial do

Stocks, end of periodt-- do

GYPSUM AND PRODUCTS

Production:Crude gypsum (exc. byproduct)...thous. sh. tons.Calcined do__ _

Imports, crude gypsum do___

Bales of gypsum products:Uncalclned do . . .Calcined:

Industrial plasters J d o . . .Building plasters:

Regular basecoat d o . . .All other (incl. Keene's cement) do

Board products, total mil. sq .ft.

Lath d o . . .Veneer base do . . .Gypsum sheathing do . . .Regular gypsum board do . . .Type X gypsum board do . . .Predecoroted wallboard do . . .

367,436

5,854.088.5

1,189.9

79.1

235.6

160.5

467,994

76,229391,765

283,055

279,022

25,26664,41876,83523,406

59,287

25,7754,035

37,666

*9,75119,181

5,448

» 4,878

293

176360

10,804182292198

8,2141,790

127

385,750

6,969.171.0

1,097.1

61.9

259.3

176.8

644,751

101,739543,012

302,500

292,345

25,72765,09381,93822,674

61,504

30,7984,611

42,800

111,980111,036

6,231

5,030

305

162329

U3,156184362

1272110,117i 2,029

191

39,910

643.76.5

107.8

6.0

24.6

175.2

160,072

24,612135,460

26,592

25,265

2,3075,9546,9621,955

4,935

2,761391

41,773

991932

484

430

25

1529

1,144183126

88217018

38,564

633.97.3

102.3

5.8

21.1

175.7

25,080

24,580

1,8665,9197,9941,502

4,657

2,305337

41,735

1,0*5959

490

539

24

1531

1,167163425

89617817

41,787

691.63.9

107.6

5.6

23.4

178.3

38,936

658.55.2

98.3

5.5

22.9

180.7

159,455

24,743.34,712

28,629

27,303

2,6245,8868,1801,918

5,668

2,624403

42,468

1,1321,000

602

469

25

1331

1,237173625

95318818

24,343

27,718

2,9155,8907,2452,038

6,160

3,075395

38,599

1,047963

646

473

25

1228

1,196153625

92617618

37,404

625.93.7

91.0

4.8

22.1

180.9

27,578

22,716

1,6794,3566,8611,892

4,996

2,625307

43,337

1,1501,021

623

427

27

1329

1,203163223

927186

19

31,686

611.53.7

86.4

4.5

21.6

184.6

24,211

21,804

1,4864,9265,9251,986

4,820

2,357304

45,039

1,160919

572

445

27

1127

1,135143224

87617415

23,165

484.04.3

62.5

4.1

20.2

185.9

.71,412

24,532.46,880

21,020

22,943

1,7275,7366,0702,004

4,712

2,373321

42,800

1,132927591

476

23

1123

1,165153123

90018313

13,963

296.62.6

45.5

3.3

18.9

188.2

22, 636

22,177

2,2444,3525,9091,813

4,784

2,736339

41,932

940863

533

312

23

20949

112319

723160

13

20,910

437.93.4

65.8

2.9

21.6

191.6

24,292

22,456

2,1154,6085,8901,709

5,049

2,744341

43,266

952843

284

276

22

1022

1,029122420

79916114

31,346

687.83.4

102.3

5.5

22.6

194.8

167,969

28,109

34,176

3,0607,1429,0742,849

7,897

3,687467

36,408

1,0921,046

541

348

28

1427

1,382173830

1,06121421

35,713

727.34.3

107.2

5.6

22.8

195.8

24,433

21,161

1,5674,5217,6701,630

3,471

2,171••231

40,414

40,197

•782.4r 4 .1

113.6

5.6

'23.8

198.2

'25,686

•23,869

' 1,925' 5,450' 8,452'1,787

' 4,025

•1,997••233

r41,613

783.24.6

125.5

5.8

26.3

201.4

26,965

26,072

2,1646,7308,8341,936

4,591

2,132285

41,598

207. J

TEXTILE PRODUCTS

FABRIC (GRAY)Knit fabric production ofl knitting machines (own

use, for sale, on commission), qtrly* mil. lb_.Knitting machines active last working day*...thous..

Woven fabric (gray goods), 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 doMunmade fiber do

COTTONCotton (excluding linters):

Production:GInningsA thous. running bales..Crop estimate thous. net weight bales Q_.

Consumption thous. running bales..Stocks In the United States,total, end of period?

thous. running bales..Domestic cotton, total , do.

On farms and in transit do_Public storage and compresses do_Consuming establishments do.

1,955.847.1

9,7774,3265,3561,099

489605

2,5901,1441,414

3 8,15138,301.6

6,142

9,5449,528945

7,4311,152

1,828.243.5

10,4484,4505,9131,203

431767

1,830789

1,008

U0,348410,580.6

6,833

9,6109,5811,2477,377

957

504.945.7

21,0482 4592 580

1,072398670

2,5731,1081,433

4,3014,258

1762,8381,244

631258367

1,093397692

2,4011,0021,368

47

"445

3,5943,545

1502,2151,180

815343464

1,142419720

2,212923

1,259

373

"524"

12,82512,7819,8611,8421,078

423.944.1

29852 4182 560

1,132408720

2,071925

1,116

573

2 626

11,76811,7319,4011,406

924

805335464

1,187424759

2,008895

1,084

3,703

528

10, 85910,8267,0052,980841

769327436

1,203429770

1,912796

1,086

501

10,29710,2663,4985,912856

402.043.5

2 9232 3712 5451,203431767

1,830789

1,008

9,887

2 582

9,6109,5811,2477,377

957

781344431

1,210426778

1,766772993

10,251

510

8,7168,6891,0096,709971

817352457

1,213425781

1,770753

1,017

528

7,8197,793944

5,7771,072

2 1,0572 4482 600

21,1962 4252 766

2 1,9912869

2 1,081

U0,348410,580.6

2 653

6,6426,618787

4,7071,124

'792341

-•4431,180

415760

2,113921

1,149

507

5,5705,550

5633,8151,172

826348468

1,164391767

2,032846

1,144

'507

'4,571r 4,554

375' 3, 005' 1,174

2 616

3,5153,501

126' 2,264- 1,093

397

1,7841,049

' Revised. 1 Annual total; revisions not allocated to the months or quarters. 2 Datacover 5 weeks; other months, 4 weeks. 3 Crop for the year 1975. 4 Crop for the year1976. 5Beginning 1st Qtr 1977, data no longer available. (J)Bales of 480 lbs. ©Includesdata for "dairy products."

•New series. Source: BuCensus. Data cover warp and weft knit yard goods and knitgarment lengths, trimmings, and collars; no quarterly data prior to 1974 are available.

{Monthly revisions for Jan.—Mar. 1975 are available. 9 Includes data not shownseparately.

cTStocks (owned by weaving mills and billed and held for others) exclude bedsheeting,toweling, and blanketing, and billed and held stocks of denims.

If Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; productionand stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,and blanketing. ACumulative ginnings to end of month indicated.




1975 1976

Annual

1976


1977


TEXTILE PRODUCTS—ContinuedCOTTON AND MANUFACTURES—Con.

Cotton (excluding linters)—ContinuedExports thous. running bales..Imports._ thous. net-weight (D bales..Price (farm), American upland^ cents per lb . .Price, Strict Low Middling, Grade 41, staple 34

(1MO, average 10 markets. -.cents per lb . .Spindle activity (cotton system spindles):

Active spindles, last working day, total milConsuming 100 percent cotton do

Spindle hours operated, all fibers, total _bil_.Average per working day- _do

Consuming 100 percent cotton doCotton cloth:

Cotton broadwoven goods over 12" in width:Production (qtrly.) - _ mil. lin. yd . .Orders, unfilled, end of period, as compared with

avg. weekly production No. weeks' prod..Inventories, end of period, as compared with

avg. weekly production No. week?' nrod..Ratio of stocks to unfilled orders (at cotton

mills), end of periodExports,rawcotton equiv thous.net-weight(J)balesImports, raw cotton equiv _do

MANMADE FIBERS AND MANUFACTURESFiber production, qtrly:

Filament yarn (acetate) mil. lb . .Staple, incl. tow (rayon) doNoncellulosic, except textile glass:

Yarn and monofilaments . . .doStaple, incl. tow do

Textile glass fiber doFiber stocks, producers', end of period:

Filament yarn (acetate) mil. lb__Staple, incl. tow (rayon) doNoncellulosic fiber, except textile glass:

Yarn and monofilaments doStaple, incl. tow. do

Textile glass fiber doManmade fiber and silk broadwoven fabrics:

Production (qtrly.), total 9 mil. lin. yd . .Filament yarn (1009O fabrics 9 .-do

Chiefly rayon and/or acetate fabrics doChiefly nylon fabrics do

Spun yarn (100%) fab., exc. blanketing 9-doRayon and/or acetate fabrics, blends doPolyester blends with cotton do

Filament and spun yarn fabrics doManmade fiber gray goods, owned by weaving

mills:Ratio, stocks to unfilled orders, end of period

Prices, manufacturer to mfr., f.o.b. mill:*50/50 polyester/carded cotton printcloth, gray,

48", 3.90 yds./lb., 78x54-56 $ per yd._6f % poly./35% comb. cot. broadcl., 3.0 oz/sq yd,

45", 128x72, gray-basis, wh. permpresfin.$ per yd__

Manmade fiber knit fabric prices, f.o.b. mill:*65% acetate/35% nylon tricot, gray, 32 gauge, 54",

3.2 oz./linear yd $ per yd__100% textured polyester DK jacquard, 11 oz./

linear yd., 60", yarn dyed, finished $ per yd__Manmade fiber manufactures:

Exports, manmade fiber equivalent mil. lbs..Yarn, tops, thread, cloth do

Cloth, woven doManufactured prods., apparel, furnishings.do

Imports, manmade fiber equivalent doYarn, tops, thread, cloth do

Cloth, woven. doManufactured prods., apparel, furnishings.do

Apparel, total doKnit apparel. . .doWOOL AND MANUFACTURES

Wool consumption, mill (clean basis):Apparel class mil. l b . .Carpet class do

Wool imports, clean yield _doDuty-free (carpet class) do

Wool prices, raw, shorn, clean basis, delivered toU.S. mills: <?

Domestic—Graded territory, 64's, staple 2M"and up cents per lb_.

Australian, 64's, Type 62, duty-paid doWool broadwoven goods, exc. felts:

Production (qtrly.) mil. lin. yd_.

FLOOR COVERINGS

Carpet, rugs, carpeting (woven, tufted, other), ship-ments, quarterly ..mil. sq.yds. .

APPARELWomen's, misses', juniors' apparel cuttings:*

Coats thous. units_-Drosses do.Suits (incl. pant suits, jumpsuits) doBlouses thous. dozen__Skirts do.

3,84050

151.1

158.0

17.18.0

93.2.35246.5

4,095

U2.3

'5 .9

».5O488.3487.1

301.3370.9

* 3,197.22,676.8

546. f

18.651.2

* 280.6234.7101.7

5,278.31,688.0

325.3279.0

3,036.5172.4

2,359.5257.1

3.33

323.73188.43142. 89135.30400.38

69.2354.02

331.142«9. 00194.89

94.115.933.617.0

150.2205.8

78.1

834.0

18,427173,38532,10018,3234, 292

3,43196

64.77 73.4

16.87.5

105.6.40648.1

' 4,446

3 13.2

3 4.7

3.36556.0718.3

286.9475.4

3,286.53, 319. 2

676.0

18.130.0

299.8289.0

79.4

6,092. 21, 992.6

379.0359.8

'3,490.5184.1

2,710.1321.7

' 3.30

8.416

.725

.412

61. 846

352.17201.92139.17150. 25479.3283.8264.41395.49343. 25209. 80

106.715.158.018.9

182.1217.5

97.3

920.9

19,640175,33330,16117, 0576,462

3156

66.9

72.7

17.17.8

»10.5.422M.9

1,157

12.3

3.9

.3247.861.3

79.0115.9

800.3807.0164.9

18.437.1

349.1285.686.3

1,561.8501.493.588.9

897.845.5

691.484.7

'.26

.421

.738

.406

1.899

29.9116.8712.1713.0547.486.895.24

40.5935.8423.47

> 11.1U.4

3.92.0

177.5213.5

26.4

234.7

2,03715, 7522,4761,398

612

276

78.7

17.07.76.9

.3443.1

17.6

5.7

.3239.055.5

'.27

.429

.738

.393

1.866

25.9914.769.59

11.2354.328.126.18

46.1941.7027.06

7.3.9

4.82.1

182.5213.5

1,41312, 2772,3051,332

588

2741

58.9

73.2

16.97.68.2

.4103.7

12.0

4.3

.3639.051.7

'.32

.428

.738

.378

1.866

25.5913.919.69

11.6846.687.185.52

39. 5034.4121.32

7.61.45.71.7

182.5216.5

1,64513,4182,4511,325

644

3425

64.5

72.3

16.97.6

2 9.7.38824.5

1,050

12.3

4.3

.3545.851.6

65.8121.5

753.0827.0175.8

18.027.6

334.6303.876.0

1,478.6494.196.896.5

832.245.1

642.085.4

' .36

.758

.350

1.846

31.7817.7812. 2814.0041.677.556.00

34.1229.8816.94

2 9.32 1.8

4.61.7

187.5224.2

1,87015,4512,5141,461422

21726

62.5

77.0

17.07.68.3.4133.7

11.9

4.6

57.548.0

'.37

.767

.340

1.834

30.7617.9112. 2412.8536.886.404.9630.4826.6715.02

7.91.24.0

192.5232. 5

1,89914,5062,9951,456452

2650

65.2

76.5

16.97.47.8.3903.4

11.3

4.9

.4345.657.7

'.38

.414

.760

.341

1.824

31.3318.1211.8313.2140.687.455.64

33. 2228.6117.42

6.91.33.31.3

192.5224.0

1,80612,9392,8421,387

415

3761

63.1

73.1

16.87.5

2 9.0.35924.0

12.0

5.0

.4253.252.4

60.3121.4

829.9833.3176.1

18.130.0

299.8289.0

79.4

1,458.6475.9

97.292.6

830.141.9

644.785.0

'.40

.409

.768

.343

1.696

32.1218.9511.6513.1734.55

7.535.66

27. 0222.5811.42

2 9.02 1.5

4.41.6

187.5227.3

21.9

232.6

1,33510,623

2,7851,406

312

3542

62.3

67.0

16.77.48.0

.4023.5

10.8

4.6

.4242.847.7

.47

.398

.771

.345

1.741

27.6716.5010. 6411.1634.20

7.575.25

26.6322.5811.81

8.21.25.21.6

187.5229.0

1,19112,3932,6551,693

407

509

63.9

72.2

16.87.38.2

.4123.5

10.5

4.7

.4451.650.2

.49

.385

.759

.350

1.789

30.7718.9710.5611. 7932.557.384.40

25.1721.5111. 49

8.31.15.02.0

187.5227.3

1,18913, 9062,6911,G93

401

536

69.8

75.8

16.97.2

no. 3.4132 4.4

1,218

11.5

4.5

.3947.146.9

71.9135.5

882.6891. G160.5

15.440.6

295.5300.957.0

.44

.389

.760

.383

1.819

34.1820.0211.8214.17

' 30. 929.195.15

• 27. 7423.1113.62

2 10.02 1.5

4.71.4

182.5227.6

224.4

1,09117,0389 7992,010

514

548

"67." 8"

73.7

17.07.18.2

.4103.5

12.7

4.9

.3847.241.2

.40

.400

.764

.419

1.846

32.0218.0711.6813.95

• 3"). 837.504. 95

• 28. 3323.7614.30

7.9.9

5.11.7

182.5228.3

'1,082115, 237

'1,940'435

4002

'67.2

70.6

' 16.8' 7 . 0' 8 . 3

' .4173.5

11.6

4.7

.4136.943.7

.42

.399

.765

.420

31.6018.3411.2213.26

' 43.128.725.18

' 34. 4030.0919.50

' 7 . 71.17.42.6

182.5228.0

' 1,289•13,108' 2, 391' 1,810

' 429

4G21

' Gl. 1

61.1

1G.82 7. 0

2 10.1.4032 4.2

11.0

4.7

.4030. 544.2

.388

.754

.446

1.695

31. 5")17. 5911.1913. 9058. 019.985. 81

48.0342. 2927.27

2 9. 52 1.3

7.42.5

182.5226.3

1, 73213, 00:2, If).'1,903

438

v GO. 4

58.2

7.0

.390

.750

.450

1.GG2

182. 5227. 0

'Revised. "Preliminary. 1 Season average. 2 For 5 weeks, other months, 4 weeks.s Monthly average. * Effective Sept. 1976 SURVEY, data omit production and stocks of

saran and spandex yarn. 5 Effective 1976, production of blanketing is included in 100%spun yarn fabric (prior to 1976, in "all other group," not shown separately). 6 Avg. forMay-Dec. 7 Average for sales prior to Apr. 1,1977. 8 Avg. for Feb.-Dec.

IF Based on 480-lb. bales, p price reflects sales as of the 15th; restated ' price reflects totalquantity purchased and dollars paid for entire month (r price includes discounts andpremiums).

9 Includes data not shown separately. ® Net-weight (480-lb.) bales.

d> Effective Jan . 1976, specifications for the price formerly designated fine good Frenchcombing and staple have been changed as shown above. Effective with the May 1976 S U R V E Ythe foreign wool price is quoted including du ty .

*New series. Apparel (BuCensus)—Annual totals derived from firms accounting for 99%of total output of these items; current month ly estimates, from smaller sample. Monthly datafor 1975, adjusted to annual totals, are available. Coats exclude all fur, leather, and raincoats.Suits omit garments purchased separately as coordinates. Except for the year 197i, earliermonth ly da ta are available, except for suits. Prices ( U S D L , BLS)—Data not available priorto 1976.


S-40 SUKVEY OF CUKRENT BUSINESS August 1977


1975 1976

Annual

1976

June July Aug. Sept. Oct. Nov. Dec,

1977


TEXTILE PRODUCTS—Continued

APPARE1>-Con.

Men's apparel cuttings:SuitsJ thous. units..Coats (separate), dress and sportt doTrousers (separate), dress and sportt ..doSlacks (Jean-cut), casualj .thous. doz..Shirts, dress, sport, inc. knit outerwear}...do

Hosiery, shipments thous. doz. pairs..

•112,976«U0,6341117,178112,167i 32,013225,514

"15,274-13,39999,89313,25031,167240,918

1,3621,1529,0101,2412,72322,373

783813

6,220965

2,00721,384

1,2821,0827,5191,0522,64622,034

1,3081,2187,5591,1442,67521,017

1,3391,4688,4841,1402,69020,954

1,1911,1777,555928

2,50919,719

1,0721,2016,1871,1342,26518,157

1,6531,2037,5001,0622,49117,369

1,2821,1868,8251,3412,53518,115

1,3741,3709,6591,6082,64821,399

'1,376••1,089'8,924r 1,486r 2,15618,505

* 1,275' 1,080' 9,060r 1,543*• 2,38318,737

1,2561,1218,8751,6072,54121,618

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLES

Orders, new (net), qtrly. total mil. $-.U.S. Government do

Prime contract doSales (net), receipts, or billings, qtrly. total.-do

U.S. Government do

Backlog of orders, end of period? doU.S. Government do

Aircraft (complete) and parts doEngines (aircraft) and parts doMissiles, space vehicle systems, ongines, propul-

sion units, and parts mil. $_.Other related operations (conversions, modifica-

tions), products, services mil. $..

Aircraft (complete):Shipments do

Airframe weight thous. lb_Exports, commercial mil. $.

MOTOR VEHICLES (NEW)

Passenger cars:Factory sales (from U.S. plants), total thous..

Domestic ..doRetail sales, total, not seasonally adj. . do

DomesticsA do..ImportsA do_.

Total, seas, adjusted at annual ratef .milDomesticsA t - -.do_.ImportsA t --- do..

Retail inventories, end of mo., domestics:ANot seasonally adjusted... thous..Seasonally adjustedf ..do

Inventory-retail sales ratio, domesticsA t

Exports (BuCensus), assembled cars thous..To Canada do

Imports (BuCensus), complete units doFrom Canada, total do.

Registrations©, total new vehicles.. do.Imports, incl. domestically sponsored do

Trucks and buses:Factory sales (from U.S. plants), total thous..

Domestic . .do.Retail sales, seasonally adjusted:*

Light-duty, up to 14,000 lbs. GVW do.Medium-duty, 14,001-26,000 lbs. GVW do. . . .Heavy-duty, 26,001 lbs. and over GVW...do....

Retail inventories, end of period, seasonally ad-justed* thous..

Exports (BuCensus), assembled units ..doImports (BuCensus), including separate chassis

and bodies thous..Registrations©, new vehicles, excluding buses not

produced on truck chassis thous..

Truck trailers and chassis, complete (excludes de-tachables), shipments number.

Vans _ doTrailer bodies (detachable), sold separately doTrailer chassis (detachable), sold separately...do

R AILROAD EQUIPMENT

Freight cars (new), for domestic use; all railroadsand pr ivate car lines (excludes rebuilt cars andcars fo r export):

Shipments number..Equipment manufacturers do

New orders _ doEquipment manufacturers .do

Unfilled orders, end of period ___ doEq uipment manufacturers _ do.I.

Freight cars (revenue), class 1 railroads (AAR):|Number owned, end of period thous.

Held for repairs, % of total ownedCapacity (carrying), total, end of mo..mil. tons.

Average per car tons.

28,99518,59326,64729,47317,314

35,03822,16815,3893,503

6,415

4,071

4,967.660,48013,200

6,7136,0738,6407,0531,587

1,4191,460

2.6

640.30550.81

2,074.7733.8

• 8,262• 1,501

2,2722,003

2,076.0168.9106.1

485.7223.47

466.28

* 2,397

78,29643,596»8,0722,936

172,392165,870i 33,457i 32,032

40,13534,025

1,3598.6

99.0972.89

35,98920,93732,49631,45319,092

39,63224,07117,3213,499

6,288

5,529

4646.850,31413,207

8,4987,83810,1108,6111,498

1,4651,5122.1

680.46573.472,536.7825.6

• 9,752• 1,447

2,9792,734

2,762.8161.7119.6

546.4199.63

812.83

• 3,058

105,40161,7267,3165,678

i 52,504i 45,618i 36, 048i 30,54623,41518,733

1,3328.8

97.7173.37

8,3164,2447,3178,3565,092

34,34721,78914,149

3,068

5,554

5,205

427.94,698422.7

850.1786.495683012710.18.71.4

1,6601,4682.1

64.1156.88

261.6790.27

•936.9•127.2

291.3267.4

225.113.59.4

559.619.91

71.65

•280.9

9,6495,297

470481

4,0783,4952,0832,083

23,54918,580

1,3438.5

98.7873.55

325.03,395289.6

558.8524.48657371289.98.51.4

1,4551,4422.0

39.5832.42174.7944.47•939.2•129.2

261.1243.9

234.413.610.9

576.416.21

56.33

•286.6

8,3494,731413474

2,9652,5551,5521,20222,19317,284

1,3458.7

99.0573.65

293.93,106259.5

518.4483.17626161469.98.41.5

1,3941,522

2.1

31.5627.84

168.9050.54

•848.1• 136. 3

249.8231.2

239.414.511.0

642.414.81

62.03

• 285. 9

9,5785,412

486549

3,3912,8414,9844,58423,78319,024

1,3418.8

98.9273.74

9,9244,981,230

7,2224,547

37,04922,22716,0643,645

5,116

5,157

211.12,738120.1

652.1595.279264514710.4'8,21.6

1,4151,4772.2

53.6447.15173.1067.10

* 749.3• 143.3

230.9210.8

236.214.812.6

576.013.72

74.99

• 266.3

9,3335,636419446

3,9603,4586,4275,22726,08220,625

1,3419.0

99.0473.84

395.43,961295.6

690.8628.68687311389.67.81.8

1,3641,437

2.3

59.9549.53

157.6354.35

•797.0• 129.2

208.3191.4

223.912.59.6

535.214.98

56.21

• 252.6

9,0915,714

428576

3,9063,4344,2734,07326,54921,364

1,3409.1

98.7073.66

431.64,037223.0

766.1701.5

8407211199.78.01.7

1,4231,455

2.3

69.3856.88

208.0275.51

• 762. 7• 130.3

242.4222.3

221.412.610.5

549.314.67

67.54

• 240. 9

10,2236,125

5041,199

4,1033,6802,4942,494

24,83920,077

1,3398.9

99.0874.01

11,0506,9219,7138,5255,135

39,63224,07117,3213,499

6,288

5,529

529.55,405420.6

732.7679.180769511211.29.61.6

1,4651,5122.0

60.7544.33

227.0874.23

• 845.6• 124.5

243.3221.5

243.212.710.5

551.418.26

64.09

• 264. 2

9,5485,617

8221,148

4,7744,2933,4623,061

23,41518,733

1,3328.8

97.7173.37

210.82,498

683.7635.8

725602123

10.58.81.7

1,5941,560

2.1

50.2140.56

210.5962.01

• 726.0• 110.2

' 251.8«• 230.9

263.014.113.0

563.517.11

67.27

•235.8

8,7565,552

6251,565

3,4013,0484,2913,89124,20219,463

1,3288.9

98.6374.27

217.92,79463.7

675.7625.8

811666144

11.09.11.9

1,6451,550

2.0

47.0639.32

201.7675.11

• 717.2•126.8

' 261.8r 241. 2

270.614.412.8

555. 514.99

68.54

•238.1

11,1457,057

7461,447

3,3442,8523,5483,44824,31619,969

1,3248.9

99.4372.91

7,2944,7626,5587,5915,012

39,38223,82116,3323,785

5,973

5,929

411.64,254286.8

953.1871.51,084

896189

12.210.31.9

1,6971,586

1.8

84.0174.33

259.6098.71

3 826.23149. 3

'334.8' 307.3

290.917.014.0

568.220.18

77.55

3 273.6

13,2038,429

4201,349

5,3214,8343,5783,57822,64218,782

1,3238.8

98.4874.36

374.74,007267.9

815.5741.51,029

822207

11.89.42.5

1,6971,579

2.0

65.1854.55

246.2591.49

«916.7* 175.9

288.4266.2

263.014.414.4

565.315.46

75.56

5 290.0

12,7888,256

4501,606

3,6043,3273,9563,956

22,70319,120

1,3198.9

98.2274.46

458.35,578218.7

794.01,054

834220

11.58.92.5

1,7471,606

2.1

88.6279.98

240.4680.83

31,007.35 202.9

290.4269.2

240.514.315.3

585.618.63

68.94

3 305.4

13, 547r 8,205

7531,744

497.74,999287.3

2 951.4885.41,117

920197

"11.79.6

1,8061,627

2.0

67.560.1

265.693.8

1,041.6198.9

2 316.2290.9

252.915.114.8

590.119.55

64.49

«318. 0

14,7618,477

6801,519

4,9824,4596,3346,234

24, 08220,922

1,3128.9

97.9174.62

4,8994,5827,5617,28626,66323,545

1,3108.6

97.9674.75

2 661.7

731

8^7

1,7631,751

2.4

' 263.7

•" Revised. » Preliminary. i Annual total includes revisions not distributed bymonths. 2 Estimate of production, not factory sales. 3 Excludes 2 States. • Excludes1 State. « Excludes 3 States.

^Annual figures, "Apparel 1975," MA-23A(75)-1. Survey expanded and classificationchanged; not comparable with data prior to 1974.

9 Total includes backlog fer nonrelated products and services and basic research.. TSeas. adj. data (1971-74) in the Mar. 1976 SURVEY, p. 5, do not reflect end-digit revisions toimports and total sales introduced in the Feb. 1977 SURVEY.

ADomestics include U.S.-type cars produced in the United States and Canada; imports

cover foreign-type cars and captive imports, and exclude domestics produced in Canada.©Courtesy of R. L. Polk & Co.; repnblicaticn prohibited§ Excludes railroad-owned private refrigerator cars and private line cars.*New series. Source: Motor Vehicle Manufacturers Assn. of the U.S. (seas, adjustment

by BEA). Reporting firms do not represent the entire industry. Motor coaches are notcovered. Sales include imports of U.S. manufacturers only (all other imports are not covered).Units refer to complete vehicles and to chassis sold separately. Gross vehicle weight reiersto the weight of the vehicle with full load. Seasonally adjusted monthly data back to iyaare available. -Excludes leisure-type; not strictly comparable with 1974. e Oorrectea.


•fOEX. T O

SECTIONSGeneral:

Business indicators 1-7Commodity prices 8, 9Construction and real estate 10,11Domestic trade 11-13

Labor force, employment, and earnings 13-17Finance 17-22Foreign trade of the United States 22-24Transportation and communication 24,25

Industry:Chemicals and allied products 25, 26Electric power and gas. 26Food and kindred products; tobacco 27-30Leather and products 30

Lumber and products 31Metals and manufactures 31-34Petroleum, coal, and products 34-36Pulp, paper, and paper products 36,37

Rubber and rubber products 37Stone, clay, and glass products 38Textile products 38-40Transportation equipment 40

INDIVIDUAL SERIESAdvertising 11,16Aerospace vehicles 40Agricultural loans 17Air carrier operations 24Air conditioners (room) 34Aircraft and parts 7,40Alcohol, denatured and ethyl 26Alcoholic beverages 11,27Aluminum 33Apparel 1,4,8,9,11-16,40Asphalt 35,36Automobiles, etc 1,4-6,8,9,11,12,20,23,24,40

Banking 17,18Barley 27Battery shipments 34Beef and veal 28Beverages 9,11, 22,23,27Blast furnaces, steel mills 5-7Bond8, issued, prices, sales, yields 20, 21Brass and bronze 33Brick 38Building and construction materials 4, 6,

7,11,31,38Building costs 10,11Building permits 10Business incorporations (new), failures 7Business sales and inventories. 5Butter 27

Cattle and calves 28Cement and concrete products 9,11,38Cereal and bakery products 9Chain-store sales, firms with 11 or more stores. . . 13Cheese 27Chemicals 4,6,9,14-16,20,23,25,26Cigarettes and cigars 30Clay products 9,38Coal 4,9,23,34,35Cocoa 23,29Coffee 23,29Coke 35Combustion, atmosphere, heating equipment . 34Communication 2,20,25Confectionery, sales 29Con stmction:

Contracts. 10Costs 10,11Employment, unemployment, hours, earnings.. 13-16Fixed investment, structures 1Highways and roads 10,11Housing starts 10Materials output indexes 11New construction put in place 10

Consumer credit 18Consumer expenditures 1Consumer goods output, index 4Consumer Price Index 8Copper 33Corn 27Cost of living (see Consumer Price Index) 8Cotton, raw and manufactures 8,9,22,38,39Cottonseed oil 30Credit, short- and intermediate-term 18Crops 3,8,27,28,30,38Crude oil 4,35Currency in circulation 20

Dairy products 3,8,9,27Debits, bank 17Debt, U.S. Government . . . 19Deflators, GNP ' 2Department stores, sales, inventories 12,13Deposits, bank 17,20Dishwashers .',.. 34Disputes, industrial 16Distilled spirits 27Dividend payments, rates, and yields 2,3,20,21Drugstores, sales 12,13

3a

BIEarnings, weekly and hourly 15,16Eating and drinking places 12,13Eggs and poultry 3,8,9,29Electric power 4,9,26Electrical machinery and equipment 5-7,

9,14,15, 20,23,24,34Employee-hours, aggregate, and indexes 15Employment 13,14Expenditures, U.S. Government 19Explosives 26Exports (see also individual commodities) 1,3,22-24

Failures, industrial and commercial 7Farm income, marketings, and prices. 2,3,8,9Farm wages 16Fats and oils 9,23,29,30Federal Government finance 19Federal Reserve banks, condition of 17Federal Reserve member banks ; 17Fertilizers 9,25Fire losses 11Fish 29Flooring, hardwood 31Flour, wheat 28Food products 1,4,6,8,9,14-16,20,22,23,27-30Foreclosures, real estate 11Foreign trade (see also individual commod.) 22-24Freight cars (equipment) 40Fruits and vegetables 8,9Fuel oil 35,36Fuels 4,8,9,23,34-36Furnaces 34Furniture 5,9,12-15

Gas, output, prices, sales, revenues 4,9,26Gasoline 1,35Glass and products 38Glycerin 26Gold 19Grains and products 8,9,22,27,28Grocery stores 12,13Gross national product 1Gross national product, price deflators 2Gross private domestic investment 1Gypsum and products 9,38

Hardware storesHeating equipment. .Hides and skinsHighways and roads.Hogs.Home electronic equipmentHome Loan banks, outstanding advancesHome mortgagesHosieryHotels and motor-hotelsHours, average weeklyHousefurnishings 1,4, 5,8,Household appliances, radios, and television sets.

8,9,Bousing starts and permits

129,349,30

10,11289

1111402515

11,124,

12,3410

Imports (see also individual commodities)... 1,3,23, 24Income, personal 2,3Income and employment tax receipts 19Industrial production indexes:

By Jndustry 4,5By market grouping 4

Installment credit 13,18Instruments and related products 5,6,14,15Insurance, life J9Interest and money rates 18International transactions of the United States . . . 3Inventories, manufacturers' and trade 5-7,11,12Inventory-sales ratios 5Iron and steel 5,9,11,20, 23,31,32

Labor advertising index, stoppages, turnover 16Labor force 13Lamb and mutton 28Lead 33Leather and products 4,9,14-16,30Life insurance 19Livestock 3,8,9, 28Loans, real estate, agricultural, bank (see also

Consumer credit) 11,17,18Lubricants 35,36Lumber and products 5,9,11,12,14,15, 20,31

Machine tools. 34Machinery 5-7,9,14,15,20,23,24,34Mail order houses, sales 12Manmade fibers and manufactures 9,39Manufacturers' sales (or shipments), inventories,

orders 5-7Manufacturing employment, unemployment, pro-

duction workers, hours, earnings 14-16Manufacturing production indexes 4,5Margarine 29Meat animals and meats 3,8,9,22, 23,28,29Medical and personal care 8Metals 4-7,9,14,15,20,22,23,31-33Milk 27Mining and minerals 2, 4,9,14-16, 20Monetary statistics 19, 20Money supply 20Mortgage applications, loans, rates 11,17-19Motor carriers 24Motor vehicles 1,4-6,8,9,11,20,23,40

National defense expenditures 1,19National income and product 1,2National parks, visits 25Newsprint 23,37New York Stock Exchange, selected data 21,22Nonferrous metals 5-7,9,20,23,33Noninstallment credit 18

Oats 27Oils and fats 9,23,29,30Orders, new and unfilled, manufacturers' 7Ordnance 14,15

Paint and paint materials 9,26Paper and products and pulp 4,6,

9,14-16,20,23,36,37Parity ratio 8Passenger cars 1,4-6,8,9,11,12,20,23,24,40Passports issued 25Personal consumption expenditures 1Personal income 2,3Personal outlays 2Petroleum and products 4,6,

8,9,14,15,20,23,35,36Pig iron 31, 32Plant and equipment expenditures 2Plastics and resin materials 26Population 13Pork 28, 29Poultry and eggs 3,8,9,29Price deflators, implicit, GNP 2Prices (see also individual commodities) 8,9Printing and publishing 4,14-16Private sector employment, hours, earnings 13-16Profits, corporate 2, 20Public utilities 2,4,10,20,21, 26Pulp and pulp wood 36Purchasing power of the dollar 9

Radio and television 4,11,34Railroads 2,16,17,21,24,25,40Ranges 34Rayon and acetate 39Real estate 11,17,19Receipts, U.S. Government 19Recreation 8Refrigerators 34Registrations (new vehicles) 40Rent (housing) 8Retail trade 5,7,12-16,18Rice 28Rubber and products (incl. plastics) 4,6,

9,14-16,23,37

Saving, personal. 2Savings deposits 17Securities issued; 20Security markets 20-22Services 1,8,14-16Sheep and lambs 28Shoes and other footwear 9,12, 30Silver 19Soybean cake and meal and oil 30Spindle activity, cotton 39Steel (raw) and steel manufactures 23,31,32Steel scrap 31Stock market customer financing 20Stock prices, earnings, sales, etc 21,22Stone, clay, glass products 5,6,9,14,15,20,38Sugar 23,29Sulfur 25Sulfuric acid 25Superphosphate 25

Tea imports 29Telephone and telegraph carriers 25Television and radio 4,11,34Textiles and products 4,6,9,14-16,20,23,38-40Tin 33Tires and inner tubes 9,12,13, 37Tobacco and manufactures 4,6,8,14,15,30Tractors 34Trade (retail and wholesale) 5,11,12,14-16Transit lines, urban 24Transportation 1,2,8,14-16,20-22,24, 25Transportation equipment 5-7,14,15,20,40TraveK . . . 24,25Truck trailers 40Trucks (industrial and other) 34,40

Unemployment and insurance 13, 17U.S. Government bonds 17-21U.S. Government finance 19U.S. International transactions 3Utilities 2,4,8,10,21,22,26

Vacuum cleaners 34Variety stores 12,13Vegetable oils 23,29,30Vegetables and fruits 8,9Veterans* unemployment insurance 1 *

Wages and salaries 2,3,15, 16Washers and dryers 34Water heaters 34Wheat and wheat flour 28Wholesale Price Indexes 8,9Wholesale trade 5,7,11,14-16Wood pulp 36Wool and wool manufactures 9,39

Zinc. 33


Per Capita Personal Income, 1976

$4^00-$5^00



scb_081977

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