scb_101984

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

OCTOBER 1984 / VOLUME 64 NUMBER

OF

CONTENTS

THE BUSINESS SITUATION 1

National Income and Product Accounts Tables 9

Motor Vehicles, Model Year 1984 20

State Personal Income, 1977 :1-1984 : II 24

Foreign Direct Investment in the United States in 1983 2$

CURRENT BUSINESS STATISTICS

General SI

Industry S19

Footnotes S33

Subject Index (Inside Back Cover)

10

Malcolm Baldrige /SecretarySidney L. Jones / Under Secretary

far Economic ]4ff&ir$

of Economic Analysis *

George Jaszi / Director

Allan H. Young / Deputy I>irec*or

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

Manuscript Editor: Dannelet A. Grosvenor

Staff Contributors to This Issue: Betty L, Barker, R. DavidBelli, Leo M. Bernstein, Robert L. Brown, Edwin J. Cole-man, Douglas R. Fox, Gurmukh S. Gill, Linnea Haze ti, EricR. Johnson, Daniel J. Larkins, Traey R. Tapseott, IsabellaB. Whiston

SURVEY OF CURRENT BUSINESS. Published monthly by the Bureauof Economic Analysis of the U.S. Department of Commerce, Editori-al correspondence should be addressed to the Editor-in-Chief,Survey of Current Business, Bureau of Economic Analysis, U.S.Department of Commerce, Washington, DC 20230.

Annual subscription: second-class mail—$30.00 domestic; $37,50foreign. Single copy: $4.75 domestic; $5.95 foreign.

First-class mail rates and foreign air mail rates available uponrequest.

Mail subscription orders and address changes to the Superintend-ent of Documents, U.S. Government Printing Office, Washington,DC 20402, Make checks payable to Superintendent of Documents.

Second-class postage paid at Washington, DC and at additionalmailing offices. (USPS 337-790).

The Secretary of Commerce has determined that the publication of this periodical is necessary in; the transaction of the public business required by law of this Department. Use of funds for printingthis periodical has been approved by the Director of the Office of Management and Budget through April 1,1985.

U,S. DEPARTMENT OF COMMERCE DISTRICT OFFICES

AiCAtiehorage701 CSt, 271-5041

•At, Birmingham90S S. 20th St 2544331

Afi, Little Rock 72201320 W. Capitol Ave. 378*57%

A2, Phoenix 85073201 N. Central Ave. 261-3285

€A, Los Angeles ^004911777 San Vicente Blvii 824-7591

CA, San Francisco 94102450 Golden Gate Av*v 556-5860

Cd; Denver 80202721-19th 5l, 837.3246

€T, Hartford 06103450 Main St, 244*3530

FL, Miami 3313025 W. Flatter $u 3504267

GA, Atlanta 303091365 Peeehiree SvN.E, 881-7000

€ A, Savannah 314121 25*29 Bull'St, 9444264

MJ, Honolulu 96830300 Ala Moaoa Blvd. 546-8694

lA^DesMoines 50309210 Walnut St. 2844222

1L. Chicago 6060355; E. Monroe Si, 353-4450

IN, Indianapolis 4620446 £, Ohio St. 269-6214

&Y, Louisville 402O2ll,S, P.O. & Courthop* Blti^ 5

IVew Orleans 70130:432 Ititej-national Trade Mart 589-6546

MAv»osion 02116441 St«ari St. 2234312

M0, Baltimore 21202415 U,S. Customhouse 962-3560

MI, Deii-oit 48226231 W, iafayette 226-3650

MN, iWinneapolis S54O1110 S. 4th St. 725-2133

MO, Kansas City 64106601 IE* 12th SL 374-3142

MO, St. Loais 63105120 S, Centra! Ave. 425-3302

MS, Jackson 39213300 Woodrow Wilson Blvd. 960-4388

-NC, Greensboro 27402203 Fe<f. Bldf., W. Market St. 378-5345

NE, Omaha 68102300 S, 19th St. 221-3664

N|% Trenton 08608240 W. State St 989-2100

NM, Albuquerque 87102505 Marquette Avei, N,W, 766-2386

NV,Reno 89503777 W. 2nd St. 784-5203

NY, Buffalo 14202111 W.Huron St. 846-4191

IMY,.N«w York 0127826 Federal Plaza 264-0634

0H, Cineiaaui 452O2550 Main-' St. 6S4-2944'

44114666 Euelid Ave. $22-4750

OK, Oklahoma City 731054024 Lt neoln Bl*d. 231-5302

TN, Memphis 38102•- 147 Mferson;Ave. 521-3213 '

• TX» Dallas 75242 . -;-': ,11000 Commerce St.

TX,

8410 1. 350 ,SvljamSt,' '524-51 16'. '

972O41 220 S, W, 3rd Ave. 22 1 3001

PA, PWIad^Iphia 1 9 106i. 597-2866

WA4 Seattle 981091700 Westlake Aye,, Rw: 706 442-5616

h 152221000 Liberty Ave. 644^2850

PH, San Juan 00918Rm; 659, Federal Bldg. 753-4555

SC, Columbia 292011835 -Assembly St: 465*5345'-- ' • • ;,, '

:Ave; 291-3473^

25301 :, : ";500 Quarrier %. 343.6181 :

W Y^ Cfeeyeniie 8200 1'2120 Capitol Ave, 772-215-1 ;. >


the BUSINESS SITUATION

REAI GNP increased at an annualrate of 2l/2 percent in the third quar-ter, marking the eighth consecutivequarter of increase.1 This increase—1percentage point less than that re-ported a month ago in the "flash" es-timate—followed increases of 7 per-cent and 10 percent in the second andfirst quarters, respectively (table 1).Over the two quarters of progressivedeceleration, final sales and businessinventory investment each shiftedsharply but in opposite directions. Inthe second quarter, final sales acceler-ated from an increase of 3l/2 percentto one of lOVk percent, but were morethan offset in their effect on GNP byinventories. In the third quarter, finalsales slowed to a standstill, and wereonly partly offset in their effect onGNP by inventories. Within finalsales, all components except residen-tial investment contributed to thethird-quarter deceleration; personalconsumption expenditures (PCE) ac-counted for about one-half (chart 1).

CHART 1

1. Quarterly estimates in the national income andproduct accounts are expresed at seasonally adjustedannual rates, and quarterly changes in them are dif-ferences between these rates. Quarter-to-quarter per-cent changes are compounded to annual rates. Real,or constant-dollar, estimates are expressed in 1972 dol-lars.

The third-quarter GNP estimates are based on thefollowing major source data: For personal consumptionexpenditures (PCE), retail sales, and unit auto andtruck sales through September; for nonresidentialfixed investment, the same information for autos andtrucks as for PCE, July and August construction putin place, July and August manufacturers' shipmentsof machinery and equipment, and investment plansfor the quarter; for residential investment, July andAugust construction put in place, and July andAugust housing starts; for change in business invento-ries, July and August book values for manufacturingand trade, and unit auto inventories through Septem-ber; for net exports of goods and services, July andAugust merchandise trade, and fragmentary informa-tion on investment income for the quarter; for govern-ment purchases of goods and services, Federal unifiedbudget outlays for July and August, and State andlocal employment through September; and for GNPprices, the Consumer Price Index for July and August,the Producer Price Index for July and August, andunit-value indexes for exports and imports for Julyand August. Some of the source data are subject to re-vision.

Real Product:Change From Preceding Quarter

Billion 1972$40

30

20

10

0

-10

-20

-30

20

10

0

-10

-20

30

20

10

0

-10

-20

20

10

0

-10

-2010

0

-10

-20

10

-10

^CHANGE IN BUSINESS INVENTORIES

GROSS NATIONAL PRODUCT

Ill

PERSONAL CONSUMPTION EXPENDITURES

1•••i I,1,1 llI

FIXED INVESTMENT

.Hill.Jtesktertial

i

NET EXPORTS

• r riGOVERNMENT PURCHASES

I,Federal -r-

1981 1982 1983 1984

Based on Seasonally. Adjusted Annual RatesU.S. Department of Commerce, Bureau of Economic Analysis 84-10-1

Over the eight quarters since thetrough in real GNP in the third quar-ter of 1982, real GNP increased at an

Table 1.—Real GNP: Change From PrecedingQuarter

[Percent change at annual rates]

GNP

Final sales

Personal consumption ex-penditures

DurablesMotor vehicles and parts ..Furniture and household

equipmentOther durables

NondurablesFoodEnergy 1

Clothing and shoesOther nondurable

ServicesEnergy 2

Other services

Gross private domestic fixedinvestment

NonresidentialStructuresProducers' durable equip-

mentAutos and trucksOther . ...

Residential

Net exports of goods andservices

ExportsMerchandise

AgriculturalNonagricultural

Other

ImportsMerchandise

PetroleumNonpetroleum

Other

Government purchases ofgoods and services

FederalNational defenseNondefense

Commodity Credit Cor-

Other

State and localChange in business inventories...

19

IV

5.9

4.2

6.8

20526.8

17.512.1

505

2.018.62.8

3.8-5.7

44

235

30.628.5

31456.826.4

4.0

1539

15077

32.339.2

-35.146.0175

-4.3

-8.792

-46.3

3.1

1.4

83

I

10.1

3.6

4.6

16317.9

14.716.0

41319.0

13.111.2

1.2-8.4

1.7

20.8

20.623.2

19653.212.8

21.3

11.415319514267

47.171.4

-10.577.3

4

1.0

-2.83.4

-21.1

-.1

3.5

19

II

7.1

10.3

7.9

12010.8

14.19.7

10385

-1.322.15.4

4.613.44.1

16.2

21.321.3

21242.716.4

1.2

- 54

383121

5

8.0-5.631.1

-7.2531

18.6

45.2122

217.5

-4.9

3.7

84

III

2.7

0

-2

36-4.9

-2.0-40

54326

-12.02.0

21-89

28

68

8.01.8

105-10.6

16.5

3.0

15892

10489

246

49.958.913.161.6297

8.6

14.472

35.2

5.5

4.8

1. Gasoline and oil, and fuel oil and coal.2. Electricity and gas.NOTE.—Percent changes in major aggregates are found in

the National Income and Product Accounts Tables, table 8.1.Dollar levels are found in tables 1.2, 1.15, 1.17, 3.8B, and 4.4.


SURVEY OF CURRENT BUSINESS October 1984

annual rate of 5l/2 percent (table 2).(This period is hereafter referred to asrecovery, even though real GNP sur-passed its previous peak, and thusmoved into expansion, in the secondquarter of 1983.) This rate of increaseis about the same as that for themedian of the seven preceding recov-eries and for the 1975-77 recovery.The 1975-77 recovery is singled outbecause it followed a recession similarin depth and duration to the one pre-ceding the current recovery. The rateof increase in final sales was alsoabout the same in the current recov-

ery as in the median of the seven pre-ceding and 1975-77 recoveries. Thus,inventory investment contributedabout as much to the increase in GNPin the current recovery as in themedian and 1975-77 recoveries.

Within final sales, the positive andnegative contributions of fixed invest-ment and net exports, respectively,stand out. The rates of increase infixed investment, and in its nonresi-dential and residential components,were much higher in the current re-covery than in the median of recover-ies—indeed, they were highest among

Table 2.—Change in Real Product Over First Eight Quarters of Recovery[Based on billions of 1972 dollars, seasonally adjusted annual rates]

GNP

Final salesPersonal consumption expendituresFixed investment

NonresidentialResidential

Exports .ImDorts

Government

Change in business inventories ..

Median ofpreceding

sevenrecover-

ies1

Percent atannual

rate

5.5

4.34.45.75.68.1

6.38.8

.5

1975 Recovery1975:1-1977:1

Dollars

137.0

112.288.431.113.817.3

987.0

16.8

2.6

24.8

Percentat

annualrate

5.5

4.55.69.35.6

20.0

3.311.0

.5

1983 Recovery1982:111-1984:111

Dollars

172.5

135.0100.467.342.924.4

4843.6

51.9

15.6

37.6

Percentat

annualrate

5.7

4.55.1

15.612.329.0

1.219.6

2.6

1. Median value of preceding seven recoveries. The eight quarters of recovery are calculated from troughs in real GNP—1949:IV, 1954:11, 1958:1, 1960:IV, 1970:IV, 1975:1, and 1980:11.

all seven preceding recoveries. Net ex-ports reflected a much higher rate ofincrease in imports—more than twiceas strong as in the median and, infact, strongest among all seven pre-ceding recoveries—and a lower rate ofincrease in exports. (Developmentsover the current recovery in fixed in-vestment and in net exports are high-lighted in the section on real GNPthat follows.) The rate of increase inPCE in the current recovery wassomewhat more than in the median,but somewhat less than in 1975-77,and the rate of increase in govern-ment purchases was higher than inthe median and 1975-77 recoveries.

Table 3 shows an alternative break-down of GNP, which sheds light ondevelopments in the various sectors.As is typical of most recoveries, thebusiness sector, and its nonfarm andnonfarm less housing subsectors, in-creased more than GNP, at annualrates of 6% to 7 percent. However,the amount by which these rates ofincrease exceeded the rate of increasein GNP was somewhat larger in thecurrent recovery than in the medianof earlier recoveries. Thus, the nonbu-siness sectors contributed less to GNPgrowth than is typical. Rest-of-the-world product declined. Product origi-nating in government—that is, thecompensation of government employ-ees—showed only a very small in-

Table 3.—Alternative Measures of Production

Gross national product

Less: Rest-of-the- World

Gross domestic product

Less* Households and institutionsGovernment/

Business Droduct

Less* Farm

Residual l

Nonfarm business product

Less* Housing

Nonfarm business product less housing

Addenda:Motor vehicle output

Auto ,Truck

GNP less motor vehicle output .

Billions of 1972 dollars, seasonally adjusted annual rates

Level

1982

in

1,477.1

23.1

1,453.9

46.8156.4

1,250.7

35.1

-.5

1,216.1

139.6

1,076.5

57.543.514.0

1,419.6

1983

m

1,550.2

24.0

1,526.2

47.3157.0

1,321.9

34.8

-2.3

1,289.3

143.8

1,145.6

71.253.917.3

1,479.0

IV

1,572.7

21.9

1,550.7

47.5157.5

1,345.7

31.6

-2.2

1,316.3

145.1

1,171.2

75.455.120.3

1,497.3

1984

I

1,610.9

21.6

1,589.2

47.6157.7

1,384.0

35.6

1.0

1,347.5

146.5

1,200.9

84.662.522.1

1,526.3

II

1,638.8

19.0

1,619.8

47.9157.8

1,414.1

38.1

-4.1

1,380.1

148.0

1,232.1

76.954.422.5

1,561.9

in

1,649.6

19.9

1,629.8

47.7157.9

1,424.2

41.9

-4.1

1,386.3

149.6

1,236.7

79.254.424.8

1,570.4

Change from precedingquarter

1983

IV

22.5

-2.1

24.5

.2

.5

23.8

-3.2

.1

27.0

1.3

25.6

4.21.23.0

18.3

1984

I

38.2

-.3

38.5

.1

.2

38.3

4.0

3.2

31.2

1.4

29.7

9.27.41.8

29.0

II

27.9

-2.6

30.6

.3

.1

30.1

2.5

-5.1

32.6

1.5

31.2

77-8.1

.435.6

III

10.8

.9

10.0

2.1

10.1

3.8

0

6.2

1.6

4.6

2.302.38.5

Percent change frompreceding quarter at annual

rate

1983

IV

5.9

-30.7

6.6

1.71.3

7.4

-32.0

8.6

3.7

9.2

25.89.2

89.65.0

1984

I

10.1

-5.4

10.3

.8

.5

11.9

61.1

9.8

3.9

10.5

58.565.540.58.0

II

7.1

-40.1

7.9

2.5.3

9.0

31.2

10.0

4.2

10.8

317-42.6

7.49.7

III

2.7

20.3

2.5

-1.7.3

2.9

46.3

1.8

4.4

1.5

12.50

47.62.2

Change:1982:111-1984:111

Dol-lars

172.5

-3.2

175.9

.91.5

173.5

6.8

36

170.2

10.0

160.2

21.710.910.8

150.8

Per-centat

annu-al

rate

5.7

7.2

5.9

1.0.5

6.7

9.3

6.8

3.5

7.2

17.411.833.15.2

1. The residual is the constant-dollar equivalent of the statistical discrepancy. For the third quarter of 1984, it is not yet available; it is assumed in this table to be same as in the second quarterof 1984.

NOTE.—Most dollar levels are found in the National Income and Product Accounts Tables, table 1.6, and most percent changes are found in table 8.1.


October 1984 SURVEY OF CURRENT BUSINESS

crease, as Federal, State, and localgovernments held down employment.At an annual rate of only 1 percent,the increase in product originating inhouseholds and institutions, wasbelow its trend rate.

Motor vehicle output, which is thevalue of new autos and trucks pro-duced plus the margin on the sale ofused autos by business, is shown inthe addenda to table 3. It increased atan annual rate of 17 Vb percent in thecurrent recovery. The recovery coversroughly the same period as modelyears 1983 and 1984, which—as de-scribed in the article on motor vehi-cles later in this issue—showed strongincreases in both auto and truck pro-duction.

Prices.—Inflation continued moder-ate. The GNP fixed-weighted priceindex increased 4 percent in the thirdquarter, following increases of 4x/2percent and 5 percent in the secondand first quarters, respectively (table4). The third-quarter rate was aboutthe same as the average annual rateof the 2 years of recovery. Inflationhad averaged about 2 percentagepoints more in the 1975-77 recovery.

In the current recovery, the pricesof most of the items shown in thetable registered increases within afew percentage points of the increasein GNP prices: PCE prices increasedat about the same rate, prices of fixedinvestment increased somewhat less,and those paid by government in-creased somewhat more. Importprices were the only prices that de-clined over the period; the declinepartly reflected the appreciation ofthe dollar against most foreign cur-rencies.

Productivity and caste.—Table 5shows changes in real gross product,aggregate hours, and compensation inthe business economy other thanfarm and housing. Productivity, asmeasured by real product per hour,was flat in the third quarter, follow-ing increases in recent quarters. Theslowing from a 5V2-percent increasein the second quarter reflected sharp-er deceleration in real product thanin aggregate hours.

Over the 2 years of recovery, pro-ductivity, which typically increasesduring recoveries, increased at anannual rate of 3x/2 percent—the

Table 5.—Real Gross Product, Hours, andCompensation in the Nonfarm BusinessEconomy Less Housing

[Percent change at annual rates; based on seasonally adjustedestimates]

Table 4.—Fixed-Weighted Price Indexes[Percent change at annual rates; based on index numbers (1972=100), seasonally adjusted]

GNP . .

Less* Change in business inventories .... ....

Equals' Final sales

Plus* Imports

Equals* Final Sales to domestic purchasers . . ..

Personal consumption expendituresFoodEnergy . . ..Other personal consumption expenditures . .

OtherNonresidential structuresProducers' durable equipment .ResidentialGovernment purchases .

Addenda:Food and energy components of GNP'1 • •••

GNP less food components


1983

IV

3.9

3.9

6.19

3.3

3.44.4

-1.84.0

3.11.31.2

64.9

5.7-2.7

3.64.34.1

1984

I

5.0

5.0

2.72.3

4.9

4.912.3

-2.03.8

5.12.32.01.77.3

12.126

4.05.54.5

II

4.3

4.3

4.52.3

4.1

3.1172.74.7

5.75.01.8

11.65.4

-2.12.8

5.24.35.4

III

3.8

3.8

-.920

3.7

4.03.1

-1.65.2

3.11.33.2

34.3

2.10

4.14.04.4

Change:1982:111-1984:111

4.2

4.2

2.5-.9

3.9

3.83.0.1

4.7

3.91.72.02.85.3

3.11.4

4.44.44.6

Real gross productHoursCompensation

Real gross product perhour

Compensation per hour....Unit labor cost


1983

IV

9.38.2

12.5

1.03.92.9

1984

I

10.56.6

13.7

3.76.72.9

II

10.84.88.7

5.73.7

-1.9

HI

1.51.75.3

-.23.63.8

Change:1982:111-1984:111

7.28.33.7

3.34.41.0

1. Inasmuch as GNP is the sum of final products, the food and energy estimates in this table do not take into account theeffect on the prices of final products of changes in the prices of the food and energy that are costs of production.

2. Consists of all components for which separate estimates are prepared. The major component that is not included ispurchases of food by the Federal Government other than transactions by the Commodity Credit Corporation that are treated likepurchases.

3. Consists of all components for which separate estimates are prepared. The major components that are not include are (1)exports of energy; (2) the gasoline and motor oil portions of inventories of gasoline service stations, and (3) the energy portions ofinventories of businesses that do not produce energy for sale.

NOTE.—Most index number levels are found in the National Income and Product Accounts Tables, table 7.2.

strongest sustained growth since the1975-77 recovery. Real product in-creased 7 percent; aggregate hours in-creased 3l/2 percent, reflecting in-creases in employment and averageweekly hours. Productivity had in-creased faster during the 1975-77 re-covery, when aggregate hours grew ata much slower rate than in the cur-rent recovery.

Unit labor cost increased 4 per-cent—more than in recent quarters.However, the average increase for the2 years of recovery—1 percent at anannual rate—was by far the lowestsustained rate in a decade, and con-tributed substantially to the low rateof inflation in final product prices. Inthe 1975-77 recovery, unit labor costhad increased at an annual rate ofabout 4 percent; compensation had in-creased more, and real product less,than in the current recovery.

Employment and unemployment.—The civilian unemployment rate wasunchanged at 7.5 percent in the thirdquarter, following declines of 0.4 and0.6 percentage points in the secondand first quarters, respectively. Thethird-quarter unemployment rate wasabout the same as that prior to therecessionary runup in 1981-82 (chart2). The decline in the unemploymentrate in the current recovery—wheth-er measured as 2.5 percentage pointsfrom the third-quarjter 1982 trough inreal GNP or as 3.1 points from thefourth-quarter 1982 peak in unem-ployment—was more than double thedecline in the 1975-77 recovery.

Employment gains | in the thirdquarter, as measured by both thehousehold and the establishment sur-veys, were smaller than those inrecent quarters. Over the 2 years ofthe current recovery, employment in-creased at an annual rate of 3 per-



cent—about the same as in the 1975-77 recovery.

Average weekly hours for privatenonfarm production workers declinedslightly in the third quarter. This de-cline was the first since the fourthquarter of 1982. Over the 2 years,hours increased 0.4 to 35.2; the in-crease was much stronger than thatin the 1975-77 recovery.

Real GNPThe third-quarter deceleration in

real GNP was in all major compo-nents of final sales except residentialinvestment. PCE changed little, afteran unusually large increase in thesecond quarter; net exports declinedmuch more than in the second quar-ter; and nonresidential fixed invest-ment and government purchases wereup much less. Residential investmentregistered little change in both quar-ters. In contrast with final sales,change in business inventories—thatis, inventory investment—was upsharply in the third quarter, followinga sharp decline in the second.

Personal consumption expenditures

Real PCE changed little in thethird quarter, after an increase of 8percent in the second. Several factorsmay have led to the third-quarterflattening in PCE, to which all threeof its major components contributed.Real disposable personal income de-celerated sharply in both the second

and third quarters, and consumerconfidence—as measured, for exam-ple, by the Conference Board's con-sumer confidence index—slipped inthe third quarter. Both had increasedduring 1983 and the early part of1984. Also, to some extent, the flat-tening may have been an aftereffectof the unusually large second-quarterincrease.

Expenditures for durable goods de-clined 3V2 percent in the third quar-ter, after very strong—but decelerat-ing—increases in each of the preced-ing three quarters. The decline wasspread across all major categories:motor vehicles, furniture and house-hold equipment, and other durablegoods.

A sharp falloff in expenditures fornondurable goods accounted for aboutone-half the slowdown in total PCE.Expenditures for nondurables weredown slightly in the third quarter, fol-lowing an increase of 10% percent. Adecline in purchases of clothing andshoes, which had registered a largeincrease in the second quarter, ac-counted for most of the swing. Food,energy, and other nondurables all in-creased moderately in the third quar-ter.

Expenditures for services increased2 percent, following an increase of 4x/2percent in the second quarter. Pur-chases of electricity and gas, whichhad surged in the second quarter, de-clined in the third. The decline re-flected mild summer weather in manyparts of the country. A slowdown in

foreign travel by U.S. residents and apickup in travel in the United Statesby foreigners also contributed to thedeceleration in services.

Nonresidential fixed investment

Real nonresidential fixed invest-ment increased 8 percent in the thirdquarter, following an increase of 21percent in the second. Producers' du-rable equipment (PDE) and struc-tures, which had both increased 21percent in the second quarter, in-creased 10V2 percent and 2 percent,respectively, in the third.

The third-quarter slowdown in PDEwas in motor vehicles; other PDE reg-istered another sharp increase. De-spite a third-quarter drop, motor vehi-cles contributed substantially to thestrength in PDE over most of the re-covery (table 6). Since the GNPtrough, motor vehicles—which hadamounted to 15 percent of PDE at thetrough—accounted for one-third ofthe increase in PDE. Another one-third of the increase was accountedfor by office, computing, and account-ing machinery; this category, whichconsists mainly of computers, hadamounted to 25 percent of PDE at thetrough.

Most of the sharp third-quarterslowdown in structures was in com-mercial buildings, which increasedslightly, following a 57-percent in-crease in the second quarter. Thiscomponent also dominated structuresover most of the recovery. Since the

CHART 2

Unemployment Rate1

1974 1975 1976 1977 1978 1979 1980 1981 198219731. Civilian.NOTE.-Business cycle peaks (P), and troughs (T), are turning points in economic activity, as designated by the'National Bureau of Economic Research, Inc. Shaded areas represent recessions.Data: BLS.

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

1983 1984



GNP trough, commercial buildings—-which amounted to 32 percent ofstructures at the trough—accountedfor most of the increase in structures.

Over the first eight quarters of re-covery, nonresidential investment andits PDE component both increased atrates substantially higher than thosein all seven preceding recoveries. Therate of growth of structures washigher than in all but two.

Investment was especially strongduring the second four quarters of thecurrent recovery. PDE grew almosttwice as fast during the second fourquarters as during the first four.Structures turned around from an 8-percent decline in the first four quar-ters, to an 18-percent increase in thesecond four.

Many factors contributed to thesurge in investment over the eightquarters. Some of the major ones maybe identified, although it would be dif-ficult to determine their relative im-portance. After-tax corporate profitsand the net cash flow of corporations,both in constant dollars, increasedrapidly. (The Economic Recovery Tax

Table 6.—Fixed Investment: Change OverQuarters of Recovery

[Based on billions of 197.2 dollars, seasonally adjusted atannual rates]

Nonresidential fixedinvestment

Producers' durableequipment

Autos and trucksOther

StructuresCommercialOther

Residential fixedinvestment

Single family unitsMultifamily unitsOther

Nonresidential fixedinvestment

Producers' durableequipment .

Autos and trucksOther

StructuresCommercialOther

Residential fixedinvestment

Single family unitsMultifamily unitsOther .. . .

1982:111-1983:111

8.7

12.95.27.6

-4.2-.9

-3.3

20.4

12.73.34.3

1983:111-1984:111

Dollars

34.2

25.47.1

18.3

8.84.93.9

4.0

.53.2

.3

1982:111-1984:111

42.9

38.312.325.9

4.64.1

.6

24.4

13.36.54.7

Percent at annual rate

5.3

11.531.18.1

-8.0-5.2-9.2

55.4

89.049.627.4

19.8

20.532.317.9

18.331.411.9

7.1

1.931.8

1.7

12.3

15.931.712.9

4.311.6

.8

29.0

38.840.413.8

Act of 1981, which shortened servicelives for many types of capital, con-tributed to improved cash flow.)Yields on corporate bonds—despite er-ratic upward movement during muchof the recovery—averaged several per-centage points lower than during thepreceding recession. Appreciation ofthe dollar against major foreign cur-rencies reduced the price of importedcapital equipment. Capital stocks hadincreased very slowly in the 2 yearsprior to the recovery, and, as a result,pent-up demand for modernizationmay have developed. Further, therate of capacity utilization in manu-facturing increased rapidly and, al-though it remained below previouspeaks, may have triggered spendingfor additional capacity.

Residential investmentReal residential investment in-

creased 3 percent in the third quar-ter, following an even smaller in-crease in the second. Multifamily con-struction more than accounted for thethird-quarter increase; single-familyconstruction fell, and the "other"

component (which includes additionsand alterations, sales of new mobilehomes, and brokers' commissions onsales of new and existing residences)changed little.

Over the eight quarters of recovery,residential investment increasedfaster than it had in the seven earlierrecoveries. Single-family and multi-family construction both increased atannual rates of about 40 percent, andboth decelerated significantly in thesecond four quarters of the recovery(table 6). Construction of single-familyunits increased much faster than con-struction of multifamily units in thefirst four quarters, and accounted forabout two-thirds of the increase inresidential investment. In the secondfour quarters, the reverse was true, asmultifamily construction accountedfor about four-fifths of the (muchsmaller) increase in residential invest-ment.

Financial conditions played an im-portant role in the growth of residen-tial investment in the recovery. Inter-est rates fell early in the recovery(chart 3). From more than 16 percent

CHART 3

Selected Interest RatesPercent22

20

18

16

14

12

10

6

Prime Rate

I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I1981

NOTE.—Dollar levels of nonresidential fixed investment, pro-ducers' durable equipment, structures, and residential invest-ment are found in the National Income and Product AccountTables, table 1.2; percent changes are found in table 8.1

1980Data: FRB, FHLMC.


1982 1983 1984



at the GNP trough, the mortgagecommitment rate fell to less than 13percent three quarters later, beforeincreasing about 1 percentage pointin the third quarter of 1983. Theslower growth of residential invest-ment over the second four quarters ofthe recovery was associated withmortgage commitment rates that hov-ered in the neighborhood of 13 Vk per-cent until mid-1984, when they in-creased to 14V2 percent.

The introduction of money marketdeposit accounts in December 1982helped depository institutions attractfunds for mortgage loans during therecovery. A steadily increasing shareof these loans was written with ad-justable rate provisions, which arewidely credited with giving consider-able support to residential invest-ment. Adjustable rate mortgages,which had accounted for 44 percent ofconventional mortgage loans closed inthe third quarter of 1982, accountedfor 67 percent in the third quarter of1984.

Change in business inventories

Real business inventories increased$31 billion in the third quarter, afterincreasing $20 Vk billion in the second(table 7). Both farm and nonfarm in-ventories contributed to the $11 bil-lion step-up in the rate of accumula-tion.

Nonfarm inventories increased $27billion in the third quarter, $8 billionmore than in the second. The pickupwas most evident in wholesale trade,where durables contributed twice asmuch as nondurables. Inventory in-vestment in manufacturing and inretail trade changed little. In retailtrade, a reduction in the rate of in-ventory liquidation by auto dealerswas largely offset by lower rates of ac-cumulation in inventories of nondura-bles and other durables.

Largely reflecting the course of itsnonfarm component, inventory invest-ment has passed through threephases, since the GNP trough. In thefirst three quarters of the recovery,inventories were liquidated at an av-erage annual rate of $15V2 billion.The next two quarters of the recoverysaw moderate accumulation thataveraged $4 billion. In the mostrecent three quarters, inventory in-vestment increased significantly,averaging $27% billion.

Farm inventory investment fol-lowed a different course. Farm inven-tories were reduced substantially ineach of the first four quarters afterthe GNP trough, as farmers used in-ventories to supplement production,which fell as a result of drought andFederal acreage reduction programs.In the most recent four quarters,farm inventories increased erratical-ly; in the fourth quarter of 1983 andthe first quarter of 1984, they wereboosted substantially by transfers ofcrops from the Commodity Credit Cor-poration (CCC) to farmers under thepayment-in-kind (PIK) program.

In the first three quarters of recov-ery, large inventory liquidation, com-bined with a moderate increase infinal sales, led to a sharp drop in in-ventory/sales ratios. Chart 4 shows

two of these ratios: the ratio of con-stant-dollar business inventories tototal business final sales, and theratio of nonfarm business inventoriesto final sales of goods and structures.The former dropped from 3.30 in thethird quarter of 1982 to 3.08 threequarters later; the latter droppedfrom 4.68 to 4.36 over the sameperiod. Declines in both ratios contin-ued in the next two quarters of therecovery, as the moderate increases ininventories were more than balancedby increases in sales. In the mostrecent three quarters, both ratiosfluctuated; at the end of the period,both remained far below their 1972-82 average levels. Both ratios, there-fore, suggest that the high rates of in-ventory investment in these quartersare largely adjustments toward de-sired inventory-sales relationships.

Table 7.—Change in Business Inventories[Billions of 1972 dollars; seasonally adjusted annual rates]

Chan e in business inventories

Farm

Nonfann

ManufacturingWholesale tradeRetail tradeOther

Level

1982

IV

246

-3.9

-20.7

-13.430

-4.5.1

1983

I

165

-4.6

-11.8

-11.5572.72.6

II

6 1

-5.8

-.3

-1.5282.71.3

III

0.9

-6.6

7.4

-1.13.12.72.8

IV

7.2

.2

7.0

.13.35.4

-1.8

1984

I

31.6

5.4

26.2

9.14.8

11.4.9

II

20.3

1.6

18.7

13.85.31.7

-2.1

in

31.2

4.4

26.8

14.69.11.81.2

Change frompreceding quarter

1984

I

24.4

5.2

19.2

9.01.56.02.7

II

-11.3

38

75

4.7.5

-9.730

III

10.9

2.8

8.1

.83.8.1

3.3

NOTE.—Dollar levels are found in the National Income and Product Accounts Tables, table 5.9.

CHART 4

Ratio4.0

3.8

3.6

3.4

3.2

3.0

Constant-Dollar Business Inventory-Final Sales Ratios

2.8 i r I H rl i

Ratio5.0

4.8

4.6

4.4

4.2

4.0

3.871 72 73 74 75 76 77 78 79 80 81 82 83 84

NOTE.—"Total" is total business inventories divided by total business final sales, and "goods and structures" is nonfarm businessinventories divided by business final sales of goods and structures.




Net exports

Real net exports declined $11V2 bil-lion—to -$22M> billion-—in the thirdquarter, following a $3 billion declinein the second (table 8). Exports wereup $5% billion in the third quarter,but imports jumped $16V2 billion.

The third-quarter deterioration innet exports was again in the mer-chandise trade balance. Merchandiseexports registered a small increase inthe third quarter, primarily in indus-trial supplies and materials, automo-tive goods, and capital goods. A sharpincrease in merchandise imports wasspread across most major end-use cat-egories; the increase in capital goodswas especially strong.

In the current recovery, net exportsdeclined each quarter, turning nega-tive in the first quarter of 1984 andbecoming progressively more nega-tive. The deterioration amounted to$48V2 billion and was concentrated inthe merchandise trade balance, whichdeclined $40 billion. Factor incomecontributed $3 billion to the deteriora-tion, and other services (such as U.S.Government transactions, largelythose of defense agencies, and expend-itures for travel and transportation)contributed $5 billion. Major factorsthat discouraged exports and encour-aged imports were appreciation of thedollar and faster economic growth inthe United States than abroad.

Government purchasesReal government purchases in-

creased 8l/2 percent in the third quar-ter, following increases of 18% per-cent and 1 percent in the second andfirst quarters, respectively. The quar-terly pattern of increases in 1984largely reflected operations of the

CCC, primarily under the PIK pro-gram. (Transfers of crops to farmersfrom CCC inventories are treated inthe national income and product ac-counts as negative Federal pur-chases.) Reductions in CCC invento-ries were large—$9 billion—in thefirst quarter, as they had been in thefourth. In the second quarter, CCC in-ventories were unchanged, as the PIKprogram wound down; CCC invento-ries increased $2 billion in the thirdquarter.

Other Federal nondefense pur-chases increased 5 percent in thethird quarter, following a 4V2-percentdecline in the second quarter and nochange in the first. Federal defensepurchases increased 7 percent in thethird quarter, about the average in-crease of the preceding two quarters.

Purchases by State and local gov-ernments increased 5 percent in thethird quarter, following increases of3x/2 percent in the first and secondquarters. The acceleration was in pur-chases of structures.

The Federal sector.—Changes incurrent-dollar Federal receipts andexpenditures on a NIPA basis areshown in table 9. Among expendi-tures, purchases were up $11 Vk bil-lion; defense and nondefense pur-chases were each up less than in thesecond quarter. Transfer paymentswere up $2x/2 billion, the same in-crease as the second quarter; an in-crease in payments to persons morethan offset a decline in foreign pay-ments. Net interest paid increasedstrongly—$10 billion. A $2% billiondecline in subsidies less the currentsurplus of Government enterpriseswas much less than that in the secondquarter, which had reflected thewinding down of PIK payments to

Table 8.—Net Exports[Billions of 1972 dollars, seasonally adjusted at annual rates]

1982: IIIIV

1983: IIIHIIV

1984: IIIHI

Addendum' Change 1982- III to 1984- III

Net exports:

(4) plus (5)plus (6)

(1)

2572412291361192083

-11.4227484

Exports

(2)

14661367138213701416141 01449144.71502

36

Imports

(3)

1209112611531234129713911532156.21728519

Merchan-dise

(4)

191 i50

11 4132202315

—300418399

Balance

Factorincome

(5)

23122022122224022 021619019932

Otherservices

(6)

443 158271 1

216

57

5 1

farmers. (The PIK subsidy paymentsare offset by the reductions in CCC in-ventories due to PIK, so these trans-actions have no effect on total Feder-al expenditures.) These changes andsmaller changes in other componentssum to a third-quarter increase in ex-penditures of $21 billion.

Among receipts, an increase of $11billion in personal tax and nontaxpayments was largely due to contin-ued growth in the taxable wage base.Indirect business taxes were up aboutthe same as in the second quarter;contributions for social insurancewere up, but less than in any quartersince the fourth quarter of 1982. Esti-mates of corporate profits, and thus ofcorporate profits tax accruals, are notyet available. It is likely that profitsbefore tax, and thus profits tax accru-als, declined. The third-quarter de-cline in corporate profits tax accrualscan be approximated by using a resid-ual calculation of corporate profitsthat assumes that the statistical dis-crepancy in the national income andproduct accounts was the same as inthe preceding quarter. On the basis ofthis calculation of corporate profitstax accruals, total receipts probablyincreased only $5 to $10 billion in thethird quarter.

An increase of this size in receiptswould be considerably less than thatin expenditures, so the deficit on a

Table 9.—Federal Government Receipts andExpenditures, NIPA Basis: Change FromPreceding Quarter

[Billions of dollars, based on seasonally adjusted annual rates]

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 paymentsGrants-in-aid to State and local

governmentsNet interest paidSubsidies less current surplus of

government enterprises

Less: Wage accruals less disburse-ments

Surplus or deficit ( — ), na-tional income and prod-

1983

IV

14.8

8.7-.2

55.7

14.4

-2.96.3

-9.2

6.7

-.247

65

.4

4

I

31.4

8.36.5

-.417.0

12.1

1.36.2

-4.9

-2.5

4.05.7

3.8

.2

192

1984

II

17.9

9.12.6

1.84.4

20.4

28.87.4

21.4

2.4

2.63.2

-16.7

0

25

III

n.a.

11.2n.a.

1.23.1

20.8

11.3466.7

2.5

89.8

-2.6

6

n.a.

NOTE.—Dollar levels are found in the National Income and Product Accounts Tables, table 4.2.

n.a. Not available.NOTE.—Dollar levels are found in the National Income and

Product Accounts Tables, table 3.2.


8 SURVEY OF CURRENT BUSINESS October 1984

NIPA basis would increase about $10to $15 billion from the $163 % billionregistered in the second quarter.

Personal IncomePersonal income increased $63 bil-

lion in the third quarter, following anincrease of about the same size in thesecond (table 10). The similarity of thethird- and second-quarter increasesmasked opposite movements in wageand salary disbursements and in farmproprietors' income.

Wage and salary disbursementswere up $25% billion in the thirdquarter, $12 billion less than in thesecond. Wages and salaries in allmajor private industry groups wereup less than in the second quarter;the deceleration was due to theweaker increases in employment and

Table 10.—Personal Income and ItsDisposition: Change From Preceding Quarter[Billions of dollars; based on seasonally adjusted annual rates]

Wage and salary disbursementsManufacturingOther commodity-producingDistributiveServicesGovernment and government en-

terprises

Proprietors' incomeFarmNonfarm

Personal interest income

Transfer payments

Other income

Less: Personal contributions for socialinsurance ,

Personal income

Less: Personal tax and nontax pay-mentsImpacts of legislationOther

Equals: Disposable personal income....

Less: Personal outlays

Equals: Personal saving

Addenda: Special factors in personalincome —

Cost-of-living increases in Federaltransfer payments

Social security base, rate, and cov-erage changes (in personal con-tributions for social insurance)

Agricultural subsidies

1983

IV

44.11282.7

135112

40

866.125

5.9

4.9

12.5

2.8

73.2

12110

13.1

61.2

51.6

9.7

0

10.3

I

40.312.74.36.097

77

23.015.27.8

15.7

2.5

8.9

6.4

84.0

10.518

12.3

73.5

49.6

23.8

6.3

4.0

3.5

1984

II

37.47.63.5

10.3114

46

-5.2-9.0

3.9

21.7

3.9

8.6

2.2

64.1

12.0— 1913.9

52.1

59.9

-7.7

.3

-17.3

III

25.73.72.06.683

50

6.15.01.2

21.6

4.3

6.9

1.6

63.1

12.61.1

11.5

50.5

30.6

19.9

.1

-.9

earnings and the decline in averagehours worked. Wages and salaries lostdue to the auto strike were minimal.The increase in government wagesand salaries was about the same as inthe second quarter.

Farm proprietors' income increased$5 billion in the third quarter, afterdropping $9 billion in the second. Ithad nearly doubled—up $15 billion—in the first quarter. The quarter-to-quarter volatility in farm incomelargely reflected the pattern of agri-cultural subsidies, mainly under thePIK program. Payments under PIKincreased $6 billion to $19 billion inthe first quarter, and then fell to $1%billion in the second and to %Vz billionin the third. The strength in farmincome in 1984 largely reflected astep-up in crop production.

Other components of personalincome registered third-quarter in-creases that were about the same as,or only moderately smaller or largerthan, those in the second quarter. Adeceleration in nonfarm proprietors'income was largely in retail trade andconstruction. Personal interestincome registered another strong in-crease of $21 Vk billion. Transfer pay-ments increased slightly more in thethird quarter than in the second, andpersonal contributions for social in-surance—which are substracted in de-riving the personal income total—in-creased slightly less.

Largely reflecting the growth in thetaxable wage base, increases in per-sonal tax and nontax payments havebeen in the range of $101/2-$121/2 bil-lion in the past several quarters. Dis-posable personal income increased$50V2 billion, or 8 percent, in thethird quarter—only slightly less thanit had in the second. Real disposablepersonal income decelerated moresharply than did current-dollar dis-posable income, due to an accelera-tion in the PCE implicit price defla-tor. Real disposable income increasedSVz percent in the third quarter afteran increase of 6V2 percent in thesecond.

Over the eight quarters of the cur-rent recovery, real disposable person-

al income increased 5Vz percent,about 1 percentage point more thanin the eight quarters of the 1975-77recovery. In contrast, the increase incurrent-dollar disposable income—9percent—over the current recoverywas smaller than the 10-percent in-crease registered in the 1975-77 re-covery. The better performance ofreal income in 1982-84 is accountedfor by the lower rate of inflation inthe PCE implicit price deflator; it in-creased 3V2 percent in the current re-covery, about 2 percentage points lessthan in the 1975-77 recovery.

The sharp deceleration in personaloutlays in the third quarter, coupledwith the slight deceleration in dispos-able income, resulted in a swing inpersonal saving from a decline to asubstantial increase. The personalsaving rate increased to 6.3 percent inthe third quarter, from 5.7 percent inthe second (chart 5). Except for a dipof one-half percentage point in thesecond quarter of 1984, the personalsaving rate has increased steadilysince the second quarter of 1983,when it was only 4 percent—thelowest rate in more than 30 years. Incontrast, in the 1975-77 recovery, therate had declined steadily except inthe initial quarter.

Personal Saving RateCHART 5

Percent8

1981 1982 1983 1984

NOTE.—Personal saving as a percentage of disposable personal income;based on seasonally adjusted annual rates.

U.S. Department of Commerce, Bureau of Economic Analysis 84-10-



National Income and Product Accounts Tables

New estimates in this issue: Third quarter 1984, preliminary.The abbreviations used in the tables are: CCAdj Capital consumption adjustment

IVA Inventory valuation adjustmentNIPA's National income and product accountsp Preliminaryr Revised

The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (StockNo. 003-010-00101-1, price $10.00). Estimates for 1977-79 and corrections for earlier years are in the July 1982 SURVEY; estimates for 1980 andcorrections for earlier years are in the July 1983 SURVEY; estimates for 1981-83 and corrections for earlier years are in the July 1984 SURVEY.Summary NIPA Series, 1952-83, are in the August 1984 SURVEY. These publications are available from the Superintendent of Documents andCommerce Department District Offices; see addresses inside front cover.

Table 1.1-1.2.—Gross National Product in Current and Constant Dollars



Durable goodsNondurable goodsServices

Gross private domestic investment

Fixed investmentNonresidential .. . ..

StructuresProducers' durable equipment

Residential ».*Nonfarm structures ..... ....... f.Farm structuresProducers' durable equipment

Change in business inventoriesNonfarm..;Farm

Net exports of goods and services

ExportsImports

Government purchases of goods and services


State and local

Billions of dollars

1982

3,069.3

1,984.9

245.1757.5982.2

414.9

441.0349.6142.1207.5

91.486.61.53.3

261-24.0

21

19.0

348.4329.4

650.5

258.9179.5

79.4391.5

1983

3,304.8

2,155.9

279.8801.7

1,074.4

471.6

485.1352.9129.7223.2132.2127.6

1.03.6

-13.5-3.1

-10.4

8.3

336.2344.4

685.5

269.7200.5

69.3415.8

Seasonally adjusted at annual rates

1983

II

3,267.0

2,141.6

276.1796.9

1,068.6

449.6

469.0339.3125.6213.6129.8125.3

.93.5

194-5.4

-14.0

6.5

328.1334.5

682.2

270.5199.371.3

411.6

III

3,346.6

2,181.4

284.1811.7

1,085.7

491.9

496.2353.9126.2227.8142.3137.7

.93.7

-4.311.6

-15.9

-16.4

342.0358.4

689.8

269.2200.968.3

420.6

IV

3,431.7

2,230.2

299.8823.0

1,107.5

540.0

527.3383.9136.6247.3143.4138.7

.93.8

12.714.1

-1.4

-29.8

346.1375.9

691.4

266.3207.259.1

425.1

1984

I

3,553.3

2,276.5

310.9841.3

1,124.4

623.8

550.0398.8142.2256.7151.2146.4

.93.9

73.860.613.2

-51.5

358.9410.4

704.4

267.6213.4

54.2436.8

II

3,644.7

2,332.7

320.7858.3

1,153.7

627.0

576.4420.8150.0270.7155.6150.5

1.04.1

50.647.03.5

-58.7

362.4421.1

743.7

296.4220.8

75.6447.4

in"

3,701.2

2,359.3

317.3863.3

1,178.7

660.5

588.1431.5151.6279.9156.6151.3

1.34.0

72.463.29.2

-85.5

375.5461.0

766.9

307.7225.4

82.3459.2

Billions of 1972 dollars

1982

1,480.0

963.3

140.5363.1459.8

194.3

204.7166.953.3

113.537.935.3

.61.9

-10.4-9.2-1.2

29.7

147.6118.0

292.7

117.079.137.9

175.7

1983

1,534.7

1,009.2

157.5376.3475.4

221.0

224.6171.0

49.2121.8

53.751.2

.42.1

-3.6.6

-4.2

12.6

139.5126.9

291.9

116.284.731.5

175.7


1983

II

1,524.8

1,006.2

156.2374.9475.1

212.6

218.7165.348.1

117.253.451.0

.42.1

-6.1-.35.8

13.6

137.0123.4

292.4

117.284.832.3

175.2

III

1,550.2

1,015.6

159.6378.5477.6

230.6

229.8172.6

48.3124.3

57.254.7

.42.1

.97.4

-6.6

11.9

141.6129.7

292.0

115.684.431.2

176.4

IV

1,572.7

1,032.4

167.2383.2482.0

249.5

242.2184.5

51.4133.1

57.855.2

.42.27.27.0

.2

2.0

141.0139.1

288.8

113.086.326.7

175.8

1984

I

1,610.9

1,044.1

173.7387.1483.4

285.5

253.9193.354.1

139.260.658.0

.42.2

31.626.25.4

-8.3

144.9153.2

289.5

112.287.125.2

177.3

II

1,638.8

1,064.2

178.6396.6488.9

283.9

263.7202.9

56.8146.0

60.858.1

.42.3

20.318.71.6

-11.4

144.7156.2

302.1

123.289.633.6

178.9

III"

1,649.6

1,064.6

177.0396.1491.5

299.2

268.0206.857.1

149.761.258.4

.52.3

31.226.84.4

-22.7

150.2172.8

308.4

127.491.236.2

181.1

Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars


Final salesChange in business inventories

Goods


Durable goodsFinal salesChange in business inventories

Nondurable goodsFinal salesChange in business inventories

ServicesStructures

Addenda:Gross domestic purchases *Final sales to domestic purchasers 1

Billions of dollars

1982

3,069.3

3,095.4-26.1

1,276.8

1,302.9261

499.9517.9

-18.0776.9785.0-8.1

1,510.8281.7

3,050.23,076.3

1983

3,304.8

3,318.3-13.5

1,355.7

1,369.2-13.5

555.3557.5

21800.4811.7

-11.3

1,639.3309.8

3,313.13,326.5


1983

II

3,267.0

3,286.4-19.4

1,337.1

1,356.5194

541.1546.5-5.5796.1810.0

-13.9

1,627.2302.6

3,273.43,292.8

III

3,346.6

3,350.9-4.3

1,373.2

1,377.5-4.3

576.9564.512.5

796.2813.0

-16.8

1,654.5319.0

3,363.03,367.4

IV

3,431.7

3,419.012.7

1,423.9

1,411.212.7

607.4592.914.5

816.5818.3-1.7

1,681.3326.5

3,461.53,448.8

1984

I

3,553.3

3,479.573.8

1,498.0

1,424.273.8

632.3597.5

34.9865.7826.8

38.9

1,713.7341.6

3,604.83,531.0

II

3,644.7

3,594.150.6

1,544.8

1,494.250.6

647.9629.7

18.2896.9864.6

32.4

1,742.6357.2

3,703.43,652.8

HI"

3,701.2

3,628.872.4

1,557.1

1,484.772.4

657.4617.5

39.9899.7867.232.5

1,780.5363.5

3,786.63,714.2


1982

1,480.0

1,490.4-10.4

660.6

671.1104

269.5277.4-7.8391.1393.7-2.6

707.8111.6

1,450.31,460.7

1983

1,534.7

1,538.3-3.6

688.6

692.2-3.6

295.6296.1-.5

392.9396.1-3.2

723.2122.9

1,522.11,525.7


1983

II

1,524.8

1,530.96 1

681.6

687.7-6.1

290.2292.3-2.1391.4395.4-4.0

721.9121.3

1,511.21,517.3

in

1,550.2

1,549.3.9

698.1

697.2.9

305.2299.6

5.6392.9397.7-4.8

725.4126.6

1,538.31,537.4

IV

1,572.7

1,565.47.2

715.5

708.27.2

318.6311.9

6.6396.9396.3

.6

728.7128.5

1,570.71,563.4

1984

I

1,610.9

1,579.331.6

744.9

713.331.6

331.1316.4

14.7413.8396.916.9

731.4134.6

1,619.21,587.6

II

1,638.8

1,618.520.3

767.4

747.120.3

339,5331.4

8.1427.9415.7

12.2

732.9138.5

1,650.21,629.9

III"

1,649.6

1,618.531.2

771.4

740.231.2

341.9324.7

17.2429.5415.5

14.0

737.8140.5

1,672.31,641.1

1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.

455-573 0 - 8 4 - 2 : QL 3



Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars


Gross domestic productBusiness

NonfarrnNonfarm less housingHousing

Farm . .Statistical discrepancy

Households and institutionsPrivate householdsNonprofit institutions

GovernmentFederalState and local

Rest of the worldAddendum:

Gross domestic business product less housing

Billions of dollars

1982

3,069.3

3,021.32,589.02,514.42,246.6

267.975.1

5107.4

7.699.8

324.9101.2223.748.0

2,312.1

1983

3,304.8

3,256.52,790.82,728.92,434.7

294.261.5

.5116.5

7.8108.7349.2107.8241.448.3

2,487.7


1983

n

3,267.0

3,219.62,757.62,695.22,404.6

290.758:34.1

115.67.7

107.9346.4107.3239.147.4

m

3,346.6

3,295.22,826.22,769.32,471.9

297.461.7

-4.8117.3

7.8109.6351.6108.1243.651.5

IV

3,431.7

3,384.12,906.82,854.32,550.2

304.157.3

-4.8119.6

7.9111.8357.7109.5248.247.7

1984

I

3,553.3

3,505.73,017.22,943.42,632.8

310.671.62.2

121.07.9

113.1367.4113.8253.647.6

II

3,644.7

3,602.63,106.83,037.52,718.8

318.778.390

123.18.0

115.1372.7114.4258.342.1

III"

3,701.2

3,656.33,155.33,080.02,752.4

327.684.3

-9.0123.8

8.1115.6377.7114.7263.044.4


1982

1,480.0

1,456.71,253.41,214.81,075.6

139.238.9-.346.73.3

43.4156.550.5

106.023.3

1,112.9

1983

1,534.7

1,512.11,307.81,273.81,130.6

143.233.8

.247.33.3

44.0157.051.3

105.722.5

1,163.5


1983

II

1,524.8

1,502.61,298.51,264.11,121.5

142.632.51.9

47.23.3

43.9156.951.2

105.622.2

III

1,550.2

1,526.?1,321.91,289.31,145.6

143.834.823

47.33.3

44.0157.051.4

105.624.0

IV

1,572.7

1,550.71,345.71,316.31,171.2

145.131.622

47.53.3

44.2157.551.7

105.821.9

1984

I

1,610.9

1,589.21,384.01,347.51,200.9

146.535.61.0

47.63.4

44.2157.751.8

105.821.6

II

1,638.8

1,619.81,414.11,380.11,232.1

148.038.1

-4.147.93.4

44.5157.851.9

105.919.0

III"

1,649.6

1,629.81,424.21,386.31,236.7

149.641.9

-4.147.73.4

44.3157.952.0

106.019.9

Table 1.7.—Relation of Gross National Product, Net National Product,National Income, and Personal Income Table 1.11.—National Income by Type of Income


Less:Capital consumption al-

lowances with CCAdj...Capital consumption al-

lowancesLess: CCAdj

Equals: Net national prod-uct .

Less:Indirect business tax and

nontax liabilityBusiness transfer pay-

ments .Statistical discrepancy

Plus: Subsidies less currentsurplus of governmententerprises

Equals: National income

Less:Corporate profits with

IVA and CCAdjNet interest ,Contributions for social

insurance .Wage accruals less dis-

Plus:Government transfer pay-

ments to personsPersonal interest income...Personal dividend income .Business transfer pay-

ments

Equals: Personal income

Billions of dollars

1982

3,069.3

358.8

314.2-44.7

2,710.4

258.8

14.1-.5

8.8

2,446.8

159.1260.9

251.3

0

361.9366.666.5

14.1

2,584.6

1983

3,304.8

377.1

367.2-9.9

2,927.7

280.4

15.6.5

15.6

2,646.7

225.2256.6

272.7

4

389.3376.370.3

15.6

2,744.2


1983

II

3,267.0

371.2

360.1-11.1

2,895.8

279.9

15.44.1

12.7

2,609.0

216.7254.2

270.2

1 3

391.9368.869.1

15.4

2,714.4

III

3,346.6

382.8

375.7-7.1

2,963.9

284.7

15.8-4.8

16.2

2,684.4

245.0259.2

274.3

4

388.1382.370.7

15.8

2,763.3

IV

3,431.7

386.4

387.81.4

3,045.4

290.1

16.2-4.8

22.6

2,766.5

260.0258.9

281.0

0

392.5388.272.8

16.2

2,836.5

1984

I

3,553.3

391.8

398.66.8

3,161.5

295.5

16.72.2

26.4

2,873.5

277.4266.8

298.9

.2

394.7403.975.0

16.7

2,920.5

n

3,644.7

400.0

410.310.3

3,244.7

301.3

17.1-9.0

9.6

2,944.8

291.1282.8

304.2

.2

398.1425.677.2

17.1

2,984.6

III"

3,701.2

405.9

423.717.7

3,295.2

306.4

17.5

7.0

""292.5

308.1

-.4

402.0447.278.5

17.5

3,047.7

Table 1.8.—Relation of Gross National Product, Net National Product,and National Income in Constant Dollars

[Billions of 1972 dollars]

Gross national productLess: Capital consumption

allowances with CCAdjEquals: Net national prod-

uctLess: Indirect business tax

and nontax liability plusbusiness transfer pay-ments less subsidies pluscurrent surplus of govern-ment enterprises

Statistical discrepancy....Equals: National income

1,480.0

161.9

1,318.1

146.1-.3

1 1723

1,534.7

168.1

1,366.6

151.8.2

12145

1,524.8

166.7

1,358.1

151.01.9

12052

1,550.2

170.1

1,380.1

152.5-2.3

12298

1,572.7

170.6

1,402.0

155.9-2.2

12484

1,610.9

172.2

1,438.7

157.91.0

1,279.8

1,638.8

174.1

1,464.7

158.9-4.1

13099

1,649.6

176.0

1,473.7

159.4

National income

Compensation of employ-ees

Wages and salariesGovernment and gov-

ernment enterprises ....Other

Supplements to wagesand salaries

Employer contribu-tions for social in-surance

Other labor income

Proprietors' income withIVA and CCAdj

FarmProprietors' income

with IVACCAdj

Nonfarm ,Proprietors' incomeIVACCAdj

Rental income of personswith CCAdj

Rental income of per-sons

CCAdj

Corporate profits with IVAand CCAdj

Corporate profits withIVAProfits before tax

Profits tax liability ..Profits after tax

DividendsUndistributed

profitsIVACCAdj

Net interest.

Addenda:Corporate profits after

tax with IVA andCCAdj

DividendsUndistributed profits

with IVA and CCAdj

Billions of dollars

1982

2,446.8

1,864.21,568.7

306.51,262.2

295.5

140.0155.5

111.121.8

30.2-8.489.287.6-.52.1

51.5

88.4369

159.1

156.0165.560.7

104.869.2

35.6953.1

260.9

98.469.2

29.2

1983

2,646.7

1,984.91,658.8

327.71,331.1

326.2

153.1173.1

121.713.8

22.1-8.4107.9100.4-.88.3

58.3

96.6383

225.2

192.0203.275.8

127.472.9

54.5-11.2

33.2

256.6

149.472.9

76.5


1983

II

2,609.0

1,962.41,640.8

325.01,315.9

321.6

151.7169.9

116.910.1

18.4-8.4106.899.4

-1.08.3

59.0

96.0-37.0

216.7

186.1198.274.8

123.471.7

51.7-12.1

30.6

254.2

141.971.7

70.2

III

2,684.4

2,000.71,670.8

330.61,340.3

329.9

153.9175.9

123.311.2

19.6-8.4112.1103.8-1.3

9.5

56.2

96.6-40.3

245.0

208.1227.484.7

142.673.3

69.3-19.3

36.9

259.2

160.273.3

86.9

IV

2,766.5

2,055.41,715.4

335.01,380.4

340.0

157.9182.1

131.917.3

25.7-8.3114.6105.5-.79.7

60.4

99.1-38.7

260.0

216.3225.584.5

141.175.4

65.6-9.243.6

258.9

175.575.4

100.0

1984

I

2,873.5

2,113.41,755.9

342.91,413.0

357.4

169.4188.1

154.932.5

40.7-8.3122.5112.4-1.211.2

61.0

99.9388

277.4

229.8243.392.7

150.677.7

72.9-13.5

47.6

266.8

184.777.7

107.0

II

2,944.8

2,159.21,793.3

347.51,445.8

365.9

172.4193.5

149.823.4

31.7-8.3126.3115.0-.411.8

62.0

102.540 6

291.1

238.7246.095.8

150.279.9

70.2-7.352.3

282.8

195.279.9

115.3

III"

2,191.21,818.4

351.91,466.5

372.8

174.7198.1

155.928.4

36.6-8.2127.5115.0

— 112.6

63.0

103.540 5

81.3

558.9

292.5

8L3


October 1984 SURVEY OF CURRENT BUSINESS 11

Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Businessin Current and Constant Dollars

Gross domesticproduct of cor-porate business

Capital consumption allow-ances with CCAdj

Net domestic productIndirect business tax and

nontax liability plusbusiness transfer pay-ments less subsidies

Domestic incomeCompensation of em-

ployeesWages and salariesSupplements to

wages and salaries ...Corporate profits with

IVA and CCAdj

Profits before taxProfits tax liability..Profits after tax


profitsIVACCAdj

Net interestGross domestic

product of finan-cial corporatebusiness

Gross domesticproduct of nonfi-nancial corpo-rate business


Billions of dollars

1982

1,882.2

221.8

1,660.5

189.2

1,471.3

1,281.51,067.0

214.5

136.7

143.160.782.556.7

25.8-9.5

3.153.1

103.8

1,778.4

209.7

1983

2,037.0

231.2

1,805.8

206.2

1,599.6

1,357.11,121.2

236.0

200.4

178.475.8

102.663.0

39.6-11.2

33.242.1

119.3

1,917.7

218.0


1983

II

2,008.8

228.2

1,780.6

205.9

1,574.7

1,341.31,108.0

233.3

193.0

174.574.899.763.2

36.6-12.1

30.640.4

121.2

1,887.6

215.3

III

2,076.6

233.4

1,843.2

2JO.O

1,633.3

1,372.81,129.0

243.8

217.5

199.984.7

115.263.3

51.9-19.3

36.943.0

120.0

1,956.6

220.0

IV

2,135.0

236.4

1,898.6

213.4

1,685.2

1,407.21,163.5

243.7

234.4

200.084.5

115.564.2

51.392

43.643.6

120.8

2,014.2

222.5

1984

I

2,207.4

239.9

1,967.5

217.2

1,750.3

1,453.21,192.0

261.2

251.7

217.692.7

124.966.3

58.613547.645.4

123.3

2,084.2

225.6

II

2,271.3

244.1

2,027.2

223.5

1,803.7

1,485.61,219.0

266.6

269.8

224.895.8

128.970.9

58.173

52.348.3

124.3

2,146.9

229.3

III"

248.1

227.2

1,507.71,236.0

271.7

71.9

-.558.949.7

232.8


nontax liability plusbusiness transfer pay-ments less subsidies

Domestic incomeCompensation of em-

ployeesWages and salariesSupplements to

wages and salaries ...Corporate profits with

IVA and CCAdj

Profits before taxProfits tax liability ..Profits after tax........


profitsIVACCAdj

Net interest

Gross domestic prod-uct of nonfmancialcorporate business...



nontax liability plusbusiness transfer pay-ments less subsidies..,

Domestic income

Billions of dollars

1982

1,568.7

180.21,388.4

1,198.1998.4

199.7

118.1

123.544.379.256.8

22.4-9.5

4.172.3

1983

1,699.7

196.71,503.0

1,263.11,044.3

218.8

171.0

148.858.090.862.8

28.0-11.2

33.469.0


1983

II

1,672.3

196.41,475.9

1,247.71,031.5

216.2

161.2

142.556.486.162.9

23.1-12.1

30.767.1

III

1,736.6

200.41,536.2

1,277.81,051.5

226.4

188.0

170.467.0

103.463.2

40.2-19.3

36.970.4

IV

1,791.8

203.71,588.0

1,310.81,084.8

226.0

205.8

171.566.7

104.863.9

40.9-9.243.671.3

1984

I

1,858.6

207.31,651.2

1,354.01,111.3

242.7

223.0

188.974.5

114.565.9

48.5-13.5

47.574.2

II

1,917.6

213.41,704.2

1,384.51,137.1

247.4

240.8

195.977.2

118.670.3

48.3-7.352.278.9

III"

217.0

1,404.01,152.0

252.0

71.2

-.558.681.2


857.4

96.7

760.8

94.7666.1

896.4

100.0

796.4

97.8698.6

886.2

99.3

787.0

97.4689.5

912.4

100.7

811.7

98.5713.2

931.1

101.5

829.6

100.0729.6

956.9

102.4

854.6

100.7753.9

979.5

103.4

876.1

101.2774.9

104.4

101.4

Table 1.14-1.15.—Auto Output in Current and Constant Dollars

Auto output

Final salesPersonal consumption expenditures

New autosNet purchases of used autos .

Producers' durable equipmentNew autosNet purchases of used autos

Net exportsExportsImports

Government purchases...Change in business inventories

NewUsed

Addenda:Domestic output of new autos 1

Sales of imported new autos 2

Billions of dollars

1982

67.0

69.473.652.820.812.124.8127

-17.32.8

20.11.0

-2.4-2.6

.3

51.127.6

1983

88.7

87.588.365.223.017.331.0137

-19.24.1

23.21.21.2.7.4

70.133.1


1983

II

79.4

86.788.166.022.216.028.8

-12.8-18.5

3.922.41.1

-7.3-7.7

.5

62.033.1

III

96.6

92.190.266.423.819.032.9

-13.9-18.3

4.122.41.24.44.2

.2

76.032.5

IV

99.6

95.396.371.924.519.834.9

-15.1-22.1

4.426.51.14.43.6.8

78.937.3

1984

I

114.8

104.0101.976.225.724.339.6

-15.3-23.5

5.428.81.2

10.810.0

.9

95.734.4

II

98.7

105.8104.677.826.824.940.8

-15.9-24.5

4.629.1

.9-7.1

821.1

79.338.2

III"

98.7

98.6102.775.727.023.539.1

-15.6-28.5

5.033.5

.9

.1-.2

.3

82.237.7


1982

38.9

40.337.229.77.59.3

14.047

-6.81.68.4

.7-1.4-1.5

.1

28.815.5

1983

49.9

49.143.435.87.6

12.417.046

-7.42.29.6

.7

.8

.7

.1

38.418.1


1983

II

45.3

48.843.936.47.4

11.515.9

-4.4-7.2

2.19.4

.7-3.5-3.7

.2

34.318.3

III

53.9

51.544.236.57.7

13.518.14 6

-7.02.29.2

.72.42.3.1

41.717.9

IV

55.1

52.846.538.87.7

14.018.8

-4.8-8.5

2.410.9

.72.32.1

.3

42.620.1

1984

I

62.5

57.248.841.07.8

16.521.247

-8.92.8

11.7.8

5.25.0

.3

51.218.5

II

54.4

58.349.741.87.9

17.121.8

-4.7-9.2

2.411.7

.7-3.9-4.2

.3

42.520.6

ffl"

54.4

54.748.540.67.9

16.320.9

-4.61082.6

13.4.72

-.3.1

43.920.2

Table 1.16-1.17.—Truck Output in Current and Constant Dollars

Truck output 1

Final salesPersonal consumption expendituresProducers' durable equipmentNet exports

ExportsImports

Government purchases

Change in business inventories

Billions of dollars

1982

30.2

30.511.318.0272.55.24.0

-.4

1983

36.3

36.115.320.8

-3.92.05.93.9

.2


1983

II

32.6

32.914.918.6

-4.41.86.23.8

-.4

III

37.7

37.515.720.9

-3.22.15.34.1

.1

IV

44.4

43.118.225.9

-5.02.27.24.0

1.3

1984

I

49.6

45.817.927.3

-4.72.47.15.3

3.8

II

51.1

50.519.332.7

-6.62.28.85.1

.6

III"

57.6

53.519.833.3

-5.02.47.35.3

4.1


1982

14.1

14.36.47.6

-1.41.12,51.7

-.1

1983

16.7

16.68.48.6

-1.9.8

2.71.6

.1


1983

II

15.2

15.38.27.62.1

.72.91.6

-.1

III

17.3

17.38.68.6

-1.6.9

2.51.7

0

IV

20.3

19.89.8

10.7-2.4

.93.31.7

.6

1984

I

22.1

20.59.6

11.0-2.2

1.03.22.1

1.6

II

22.5

22.210.312.93.1

.94.02.0

.3

III"

24.8

23.110.613.0

-2.5.9

3.42.1

1.6

Table 1.14-1.15:1. Consists of final sales and change in business inventories of new autos produced in the

United States.2. Consists of personal consumption expenditures, producers' durable equipment, and govern-

ment purchases.

Table 1.16-1.17:1. Includes new trucks only.



Table 2.1.—Personal Income and Its Disposition

Personal income

Wage and salary disburse-mentsCommodity-producing

industriesManufacturing

Distributive industriesService industriesGovernment and govern-

ment enterprises

Other labor income

Proprietors' income with IVAand CCAdi

Farm..Nonfarm

Rental income of personswithCCAdj

Personal dividend income

Personal interest income

Transfer paymentsOld-age, survivors, disabil-

ity, and health insurancebenefits

Government unemploymentinsurance benefits

Veterans benefitsGovernment employees re-

tirement benefitsOther transfer paymentsAid to families with de-

pendent childrenOther

Less: Personal contribu-tions for social insurance .

Less: Personal tax andnontax payments...

Equals: Disposable personalincome

Less: Personal outlaysPersonal consumption ex-

pendituresInterest paid by consumers

to businessPersonal transfer payments

to foreigners (net)

Equals: Personal saving

Addenda:Disposable personal

income:Total, billions of 1972 dol-

larsPer capita:

Current dollars1972 dollars

Population (millions)

Personal saving as percent-age of disposable person-al income

Billions of dollars

1982

2,584.6

1,568.7

509.3382.9378.6374.3

306.6

155.5

111.121.889.2

51.5

66.5

366.6

376.1

204.5

25.216.4

54.975.0

13.361.7

111.4

404.1

2,180.5

2,044.5

1,984.9

58.5

1.2

136.0

1,058.3

9,3854,555232.4

6.2

1983

2,744.2

1,659.2

519.3395.2398.6413.1

328.2

173.1

121.713.8

107.9

58.3

70.3

376.3

405.0

221.6

26.116.6

59.581.0

14.266.8

119.6

404.2

2,340.1

2,222.0

2,155.9

65.1

1.0

118.1

1,095.4

9,9774,670234.5

5.0


1983

II

2,714.4

1,642.1

511.4389.3395.4409.1

326.2

169.9

116.910.1

106.8

59.0

69.1

368.8

407.3

219.8

31.716.6

59.180.2

14.365.9

118.5

411.6

2,302.9

2,206.1

2,141.6

63.6

1.0

96.7

1,082.0

9,8324,619234.2

4.2

III

2,763.3

1,671.3

523.5399.1399.7417.0

331.0

175.9

123.311.2

112.1

56.2

70.7

382.3

403.9

222.4

22.816.6

60.481.7

14.367.4

120.4

395.8

2,367.4

2,248.4

2,181.4

65.9

1.1

119.0

1,102.2

10,0824,694234.8

5.0

IV

2,836.5

1,715.4

539.0411.9413.2428.2

335.0

182.1

131.917.3

114.6

60.4

72.8

388.2

408.8

227.7

20.216.5

61.383.1

14.368.8

123.2

407.9

2,428.6

2,300.0

2,230.2

68.7

1.2

128.7

1,124.3

10,3184,776235.4

5.3

1984

I

2,920.5

1,755.7

555.9424.6419.2437.9

342.8

188.1

154.932.5

122.5

61.0

75.0

403.9

411.3

232.1

16.716.4

62.483.7

14.968.8

129.6

418.3

2,502.2

2,349.6

2,276.5

71.9

1.2

152.5

1,147.6

10,6084,865235.9

6.1

II

2,984.6

1,793.1

567.0432.2429.5449.3

347.3

193.5

149.823.4

126.3

62.0

77.2

425.6

415.2

235.2

15.816.6

63.184.5

14.969.6

131.8

430.3

2,554.3

2,409.5

2,332.7

75.7

1.0

144.8

1,165.3

10,8064,930236.4

5.7

III*

3,047.7

1,818.8

572.7435.9436.1457.6

352.3

198.1

155.928.4

127.5

63.0

78.5

447.2

419.5

238.9

14.916.8

64.084.9

14.870.1

133.4

442.9

2,604.8

2,440.1

2,359.3

79.7

1.1

164.7

1,175.4

10,9934,961236.9

6.3

Table 2.2-2.3.—Personal Consumption Expenditures by Major Type ofProduct in Current and Constant Dollars

Personal consump-tion expenditures

Durable goods

Motor vehicles and parts ...Furniture and household

equipmentOther

Nondurable goods

FoodClothing and shoesGasoline and oil ,Other nondurable goods

Fuel oil and coal ,Other

Services

HousingHousehold operation

Electricity and gasOther

Transportation ...Other

Personal consump-tion expenditures

Durable goods

Motor vehicles and parts ...Furniture and household

equipmentOther.

Nondurable goods

FoodClothing and shoesGasoline and oilOther nondurable goods....

Fuel oil and coalOther

Services

HousingHousehold operation


TransportationOther

Billions of dollars

1982

1,984.9

245.1

108.7

94.442.1

757.5

392.8118.890.4

155.620.6

135.0

982.2

333.8143.475.268.268.2

436.8

1983

2,155.9

279.8

129.3

104.146.4

801.7

416.5127.090.0

168.221.0

147.2

1,074.4

363.3153.881.372.572.5

484.8


1983

n

2,141.6

276.1

128.4

102.445.3

796.9

413.6127.189.5

166.721.0

145.7

1,068.6

359.2155.082.672.571.1

483.2

III

2,181.4

284.1

132.0

105.246.9

811.7

420.5126.892.1

172.222.4

149.8

1,085.7

366.8155.783.672.173.9.

489.3

IV

2,230.2

299.8

141.7

109.848.2

823.0

425.1132.591.7

173.622.1

151.5

1,107.5

374.7157.584.073.574.8

500.5

1984

I

2,276.5

310.9

147.7

113.050.3

841.3

433.9136.192.0

179.322.5

156.7

1,124.4

382.4158.882.676.276.1

507.1

II

2,332.7

320.7

152.3

116.651.7

858.3

442.1142.292.8

181.221.6

159.7

1,153.7

392.4163.386.177.277.6

520.4

III"

2,359.3

317.3

150.8

115.151.4

863,3

4494139,191,1

183.721,0

162.8

1.178..7

403,2166.288,,078.279,,3

530..0


963.3

140.5

57.0

60.323.2

363.1

182.384.225.371.13.6

67.5

459.8

167.563.524.638.931.6

197.2

1,009.2

157.5

66.6

65.925.0

376.3

188.988.526.172.94.0

68.9

475.4

171.364.124.939.131.7

208.3

1,006.2

156.2

66.8

64.924.5

374.9

187.489.025.972.54.0

68.5

475.1

170.664.425.139.331.5

208.6

1,015.6

159.6

68.0

66.525.0

378.5

190.987.626.173.94.2

69.7

477.6

171.964.625.738.931.7

209.4

1,032.4

167.2

72.2

69.325.8

383.2

191.291.426.374.3

4.270.2

482.0

173.464.625.339.332.2

211.8

1,044.1

173.7

75.2

71.726.7

387.1

189.794.227.076.14.1

72.0

483.4

175.164.024.839.232.4

211.9

1,064.2

178.6

77.2

74.127.4

396.6

193.699.127.176.93.9

73.0

488.9

176.865.125.639.532.7

214.3

1,064.6

177.0

76,,2

73.727,1

396.1

195,695,927,377.2

3,,973,,4

49L5

178.664,,725..039,732,8

215,3

Table 3.14.—State and Local Government Social Insurance FundsReceipts and Expenditures

[Billions of dollars]

Receipts.

Contributions for social in-surance

Personal contributionEmployer contributions

Government and gov-ernment enterprises ....

Other

Interest and dividends re-ceived

Expenditures

Administrative expenses(purchases of goods andservices).

Transfer payments to per-sons ,

Surplus or deficit(_)

57.9

358

9.526.3

23.924

221

24.2

9

23.3

33.7

64.6

390

10.428.6

26.125

256

27.1

10

26.1

37.5

635

385

10.328.2

25.825

250

26.6

10

256

36.9

654

394

10.528.9

26.325

260

27.4

10

265

38.0

67 5

403

10.729.6

27.026

272

28.4

10

27.4

39.1

69 8

413

11.030.3

27.627

285

29.3

1 1

28.3

40.5

72 0

421

11.230.9

28.227

298

30.0

1 1

29.0

41.9

741

430

11.531.5

28.827

31 1

30.8

1 1

29.6

43.3

Table 3.14:NOTE.—In this table, interest and dividends received are included in receipts; in tables 3.2 and

3.3, interest received and dividends received are netted against expenditures.



Table 3.2.—Federal Government Receipts and Expenditures Table 3.3.—State and Local Government Receipts and Expenditures

Receipts

Personal tax and nontaxreceipts

Income taxesEstate and gift taxesNontaxes

Corporate profits tax accru-als

Indirect business tax andnontax accruals

Excise taxes ...Customs dutiesNontaxes

Contributions for socialinsurance

Expenditures

Purchases of goods andservices

National defenseNondefense

Transfer paymentsTo personsTo foreigners

Grants-in-aid to State andlocal governments

Net interest paidInterest paid

To persons and busi-ness

To foreignersLess: Interest received

Subsidies less current sur-plus of governmententerprises

SubsidiesLess: Current surplus of

government enterprises-

Less: Wage accruals lessdisbursements

Surplus or deficit(-), NIPA's

Social insurance fundsOther

Billions of dollars

1982

616.7

306.2298.3

7.6.3

46.6

48.432.78.67.1

215.5

764:9

258.9179.579.4

321.6315.3

6.3

83.984.4

107.4

89.318.123.0

16.115.0

-1.1

0

-148.2

-32.0-116.2

1983

641.1

295.2288.8

5.9.5

59.8

52.436.19.17.1

233.7

819.7

269.7200.569.3

345.6338.7

7.0

86.394.2

119.5

101.817.725.3

23.421.7

-1.7

4

-178.6

-28.4-150.2


1983

II

649.3

304.7298.1

6.1.5

59.2

53.837.79.07.1

231.7

816.7

270.5199.371.3

348.1341.9

6.2

86.390.0

115.3

98.017.325.3

20.521.0

.5

13

-167.3

-32.2-135.1

III

640.2

284.6277.8

6.3.5

66.7

54.037.09.77.3

234.9

821.1

269.2200.968.3

343.4337.1

6.4

86.797.3

123.1

105.417.725.8

24.119.7

-4.4

— 4

-180.9

-25.6-155.3

IV

655.0

293.3287.2

5.5.6

66.5

54.537.010.07.5

240.7

835.5

266.3207.259.1

350.1340.010.1

86.5102.0127.5

109.518.125.6

30.630.0

-.5

0

-180.5

-22.8-157.7

1984

I

686.4

301.6294.5

6.4.6

73.0

54.136.010.97.1

257.6

847.6

267.6213.454.2

347.7341.1

6.6

90.6107.6133.6

115.218.426.0

34.433.7

-.7

.2

-161.3

-8.7-152.5

n

704.3

310.7303.8

6.2.6

75.6

55.936.112.17.7

262.0

868.0

296.4220.875.6

350.1343.7

6.4

93.2110.9138.0

119.218.927.2

17.716.4

-1.3

.2

-163.7

-7.7-156.0

III*

321.9315.9

5.4.7

57.135.913.08.1

265.1

888.8

307.7225.482.3

352.6346.9

5.7

92.4120.6147.9

128.119.827.2

15.115.6

.5

4

-8.0

Receipts

Personal tax and nontaxreceipts

Income taxesNontaxesOther

Corporate profits tax accru-als

Indirect business tax andnontaxaccruals

Sales taxesProperty taxesOther

Contributions for social in-surance

Federal grants-in-aid

Expenditures

Purchases of goods andservices

Compensation of employ-ees

OtherTransfer payments to per-

sonsNet interest paid

Interest paid

Less: Interest received

Less: Dividends receivedSubsidies less current sur-

plus of governmententerprises

Subsidies

Less: Current surplus ofgovernment enterprises..

Less: Wage accruals lessdisbursements

Surplus or deficit<-),NIPA's

Social insurance fundsOther

Billions of dollars

1982

441.9

97.851.936.79.2

14.0

210.396.685.128.7

35.8

83.9

409.0

391.5

223.7167.8

46.7-19.1

27.9

47.0

2.8

-7.3.5

7.7

0

32.9

33.7-.8

1983

478.2

109.058.740.89.5

16.0

228.0107.491.329.3

39.0

86.3

434.1

415.8

241.4174.4

50.721932.4

54.3

2.6

-7.8.5

8.3

0

44.1

37.56.6


1983

II

473.5

106.957.340.19.4

15.6

226.1106.490.529.2

38.5

86.3

429.6

411.6

239.1172.5

50.021631.6

53.2

2.6

-7.8.5

8.3

0

43.9

36.97.0

III

486.1

111.360.441.49.5

18.0

230.7109.292.129.4

39.4

86.7

438.7

420.6

243.6177.0

51.022432.9

55.3

2.6

-7.9.5

8.4

0

47.4

38.09.5

IV

495.0

114.662.242.79.6

18.0

235.6112.293.629.7

40.3

86.5

443.8

425.1

248.2176.9

52.5-23.2

34.4

57.6

2.6

-7.9.5

8.5

0

51.2

39.112.0

1984

I

509.6

116.763.043.99.8

19.7

241.4116.295.230.0

41.3

90.6

455.7

436.8

253.6183.2

53.6-24.0

35.9

59.9

2.7

-8.0.6

8.6

0

53.9

40.513.4

II

520.6

119.664.545.29.9

20.2

245.4118.396.930.2

42.1

93.2

466.1

447.4

258.3189.1

54.4-24.9

37.5

62.4

2.7

80.6

8.6

0

54.5

41.912.6

III"

121.064.446.510.1

249.3120.298.730.4

43.0

92.4

477.5

459.2

263.0196.2

55.1-25.9

39.0

64.9

2.8

-8.1.6

8.7

C

43.3

Table 3.7B-3.8B.—Government Purchases of Goods and Services by Type in Current and Constant Dollars

Government purchases of goods and services

FederalNational defense

Durable goodsNondurable goodsServices

Compensation of employeesMilitaryCivilian

Other servicesStructures

NondefenseDurable goodsNondurable goods

Commodity Credit Corporation: Inventory changeOther nondurables

ServicesCompensation of employeesOther services

Structures .

State and localDurable goodsNondurable goodsServices

Compensation of employeesOther services

Structures

Billions of dollars

1982

650.5

258.9179.549.413.3

112.968.440.927.544.53.9

79.43.2

14.39.25.1

55.432.822.66.7

391.512.731.9

306.0223.782.241.0

1983

685.5

269.7200.559.112.4

124.473.143.629.551.34.6

69.33.5

2-5.9

5.759.334.724.66.6

415.813.433.1

329.0241.487.640.3


1983

n

682.2

270.5199.360.012.2

122.672.743.329.449.94.4

71.33.52.8

-3.05.8

58.434.623.86.6

411.613.332.8

325.8239.186.739.8

III

689.8

269.2200.957.912.6

125.673.343.829.552.34.8

68.33.313

-7.86.5

59.234.724.47.1

420.613.433.5

331.4243.687.842.3

IV

691.4

266.3207.262.911.7

127.674.444.629.853.24.9

59.13.8

-12.1-17.0

4.961.135.126.06.3

425.113.634.2

338.2248.290.039.0

1984

I

704.4

267.6213.466.511.6

130.977.546.531.053.44.4

54.23.5

-18.0-22.9

4.962.436.426.06.3

436.813.935.5

346.1253.692.541.4

II

743.7

296.4220.870.711.9

133.777.846.731.155.94.5

75.63.63.7

-1.95.5

61.436.524.87.0

447.414.036.3

352.9258.394.644.2

III"

766.9

307.7225.472.512.4

135.778.146.831.257.64.8

82.33.89.03.75.3

63.036.626.36.5

459.214.336.9

360.0263.097.048.0


1982

292.7

117.079.121.62.8

53.033.919.914.019.01.8

37.91.56.64.91.7

26.916.610.32.9

175.76.0

12.0140.1106.034.117.7

1983

291.9

116.284.724.22.9

55.534.620.214.321.02.0

31.51.6-.6

-2.41.8

27.616.810.82.8

175.76.1

12.6139.7105.7

! 34.017.3


1983

II

292.4

117.284.825.12.8

55.034.520.214.320.52.0

32.31.6.6

-1.32.0

27.316.810.52.8

175.26.1

12.5139.5105.633.917.1

III

292.0

115.684.423.43.0

55.934.620.314.321.32.1

31.21.5-.8

-2.71.9

27.416.810.63.0

176.46.1

12.7139.5105.633.918.1

IV

288.8

113.086.325.02.9

56.334.820.414.421.52.2

26.71.7

-5.9-7.5

1.628.116.911.32.7

175.86.2

12.9140.0105.834.316.7

1984

I

289.5

112.287.126.12.7

56.335.020.514.421.31.9

25.21.6

-7.1-9.0

1.928.016.911.22.7

177.36.2

13.2140.4105.834.617.5

II

302.1

123.289.627.72.8

57.135.020.614.522.11.9

33.61.61.6-.21.7

27.516.910.62.9

178.96.3

13.4140.8105.934.918.4

IIIP

308.4

127.491.228.42.9

57.935.120.614.522.82.0

36.21.73.82.01.8

28.016.911.12.7

181.16.3

13.7141.2106.035.319.8



Table 4.1-4.2.—Foreign Transactions in the National Income and Product Accounts in Current and Constant Dollars

Receipts from foreigners

Exports of goods and servicesMerchandise

Durable goodsNondurable goods

Services ..Factor income 1

Other

Capital grants received by the United States (net)

Payments to foreigners

Imports of goods and services

Durable goodsNondurable goods ,

Services ,Factor income l

Other

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

Interest paid by government to foreigners

Net foreign investment

Billions of dollars

1982

348.4

348.4209.2119.589.7

139.286.552.7

0

348.4

329.4244.6122.8121.8

84.838.646.2

7.51.26.3

18.1

-6.6

1983

336.2

336.2198.6114.084.6

137.684.153.5

0

336.2

344.4258.9139.1119.9

85.535.849.7

8.01.07.0

17.7

-33.9


1983

II

328.1

328.1193.4111.781.6

134.781.153.6

0

328.1

334.5251.6135.3116.3

83.033.749.2

7.11.06.2

17.3

-30.9

III

342.0

342.0200.4114.785.7

141.589.152.5

0

342.0

358.4269.5140.4129.1

88.937.651.2

7.51.16.4

17.7

-41.5

IV

346.1

346.1206.1117.688.5

140.088.151.9

0

346.1

375.9282.9155.8127.0

93.140.552.6

11.31.2

10.1

18.1

-59.1

1984

I

358.9

358.9215.2123.891.4

143.790.453.3

0

358.9

410.4316.6181.6

\ 135.0

93.842.851.0

7.71.26.6

18.4

-77.7

II

362.4

362.4217.7125.692.1

144.791.353.4

0

362.4

421.1317.4179.7137.7

103.749.254.5

7.41.06.4

18.9

-85.0

in?

375.5

375.5221.1128.992.3

154.498.156.3

0

375.5

461.0349.8203.2146.6

111.253.757.5

6.81.15.7

19.8

-112.0


1982

147.681.444.437.0

66.342.124.2

118.079.752.127.6

38.318.819.5

1983

139.576.741.735.0

62.839.323.5

126.989.158.930.2

37.816.721.1


1983

II

137.075.341.134.2

61.738.023.7

123.486.757.029.6

36.815.821.0

Ill

141.677.142.035.2

64.441.523.0

129.790.359.530.8

39.417.521.9

IV

141.077.942.735.2

63.240.622.6

139.198.166.132.0

41.018.622.4

1984

I

144.980.744.536.2

64.241.123.1

153.2112.277.135.1

41.019.521.5

II

144.780.644.935.7

64.141.222.9

156.2110.676.134.5

45.622.223.4

HIP

150.282.445.836.6

67.843.923.9

172.8124.286.637.6

48.624.024.6

Tables 4.1-4.2:1. Equals rest-of-the-world production as shown in tables 1.5-1.6.

Table 4.3-4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Current and Constant Dollars

Merchandise exports

Foods, feeds, and beverages

Industrial supplies and materialsDurable goodsNondurable goods

Capital goods, except autos

Autos

Consumer goodsDurable goodsNondurable goods

OtherDurable goodsNondurable goods

Merchandise imports

Foods, feeds, and beverages

Industrial supplies and materials, excluding petroleumDurable goodsNondurable goods

Petroleum and products

Capital goods, except autos

Autos

Consumer goodsDurable goodsNondurable goods


Addenda:Exports:

Agricultural productsNonagricultural products

Imports of nonpetroleum products

Billions of dollars

1982

209.2

31.6

61.616.944.7

73.7

17.4

14.76.58.2

10.25.15.1

244.6

17.1

46.923.623.4

61.3

38.3

34.1

39.723.316.4

7.23.63.6

37.2172.0183.3

1983

198.6

31.1

56.316.140.2

68.3

18.3

13.95.98.0

10.65.35.3

258.9

18.2

51.226.424.8

53.8

41.0

42.0

45.325.919.4

7.43.73.7

36.6161.9205.1


1983

II

193.4

29.6

55.616.039.6

67.7

17.6

13.65.87.8

9.24.64.6

251.6

18.1

51.126.624.5

51.3

39.0

40.8

44.225.318.9

7.13.53.5

34.8158.5200.3

III

200.4

31.1

57.416.740.8

67.4

18.8

14.26.18.1

11.45.75.7

269.5

18.4

52.328.324.0

63.7

41.8

41.2

44.425.319.2

7.63.83.8

37.2163.2205.8

IV

206.1

32.9

57.716.641.1

68.7

20.2

14.15.88.3

12.46.26.2

282.9

18.4

54.027.826.2

57.1

45.9

49.0

49.928.921.0

8.54.34.3

39.2166.9225.7

1984

I

215.2

34.5

58.416.741.7

71.3

22.5

13.96.07.9

14.77.47.4

316.6

20.9

63.034.428.6

55.4

57.5

53.3

58.732.526.2

7.73.93.9

41.1174.1261.2

II

217.7

30.5

60.116.643.5

72.5

21.1

13.55.58.0

20.010.010.0

317.4

20.3

61.432.528.9

59.6

56.3

55.2

57.031.925.0

7.63.83.8

37.0180.7257.8

III"

221.1

30.4

62.617.245.4

74.0

23.8

14.05.78.3

16.38.28.2

349.8

22.4

66.135.930.2

60.8

66.0

61.6

64.035.228.8

8.94.44.4

36.8184.4289.0


1982

81.4

14.5

21.75.9

15.7

28.4

5.5

7.42.64.8

4.02.02.0

79.7

7.1

16.48.28.2

5.1

18.9

11.4

17.912.15.8

2.91.51.5

17.164.374.6

1983

76.7

13.7

20.45.8

14.6

25.9

5.6

7.02.44.6

4.12.02.0

89.1

7.6

18.99.79.2

4.9

20.4

13,7

20.513.66.9

3.01.51.5

16.160.584.2


1983

II

75.3

13.5

20.35.8

14.4

25.7

5.4

6.92.34.5

3.61.81.8

86.7

7.6

18.89.89.0

4.8

19.3

13.4

19.913.16.8

2.91.41.4

15.859.581.9

III

77.1

13.5

20.96.1

14.8

25.5

5.7

7.12.54.6

4.42.22.2

90.3

7.7

19.210.48.8

5.9

20.9

13.5

20.013.26.9

3.11.61.6

16.261.084.4

IV

77.9

13.5

20.65.9

14.7

25.9

6.1

7.12.44.7

4.72.32.3

98.1

7.7

20.310.59.9

5.3

22.9

15.6

22.715.37.4

3.51.71.7

16.261.792.8

1984

I

80.7

14.2

20.75.9

14.7

26.7

6.7

6.92.44.5

5.52.82.8

112.2

8.7

23.412.710.6

5.1

28.7

17.0

26.217.09.1

3.21.61.6

16.963.8

107.1

II

80.6

12.5

20.85.7

15.1

27.0

6.2

6.72.24.5

7.43.73.7

110.6

8.2

22.612.010.7

5.5

28.3

17.5

25.316.88.6

3.11.61.6

15.065.6

105.1

III"

82.4

13.0

22.06.0

15.9

27.5

7.0

6.92.34.6

6.13.03.0

124.2

9.0

24.813.511.3

5.7

33.3

19.4

28.318.59.8

3.61.81.8

15.467.0

118.5



Table 5.1.—Gross Saving and Investment

Gross saving

Gross private savingPersonal savingUndistributed corporate

profits with IVA andCCAdj

Undistributed profitsIVACCAdj

Capital consumption al-lowances with CCAdj:

CorporateNoncorporate . ....

Wage accruals less dis-bursements ,

Government surplus ordeficit <-),NIPA's

FederalState and local

Capital grants received bythe United States (net)

Gross investment

Gross private domestic in-vestment

Net foreign investment

Statistical discrepan-cy

Billions of dollars

1982

408.8

524.0136.0

29.235.6-9.5

3.1

221.8137.1

0

-115.3-148.2

32.9

0

408.3

414.9-6.6

.5

1983

437.2

571.7118.1

76.554.5

-11.233.2

231.2145.9

0

-134.5-178.6

44.1

0

437.7

471.6-33.9

.5


1983

II

414.7

538.196.7

70.251.7

-12.130.6

228.2143.0

0

-123.4-167.3

43.9

0

418.7

449.6-30.9

4.1

III

455.2

588.6119.0

86.969.3

-19.336.9

233.4149.4

0

-133.5-180.9

47.4

0

450.3

491.9-41.5

4.8

IV

485.7

615.0128.7

100.065.6

-9.243.6

236.4150.0

0

-129.3-180.5

51.2

0

480.9

540.0-59.1

-4.8

1984

I

543.9

651.3152.5

107.072.913.547.6

239.9151.8

0

-107.4-161.3

53.9

0

546.1

623.8-77.7

2.2

II

551.0

660.2144.8

115.370.2-7.352.3

244.1156.0

0

-109.2-163.7

54.5

0

542.0

627.0-85.0

-9.0

III"

""l64.7

-'.558.9

248.1157.9

0

0

548.5

660.5-112.0

Table 5.10-5.11.—Inventories and Final Sales of Business in Currentand Constant Dollars

Table 5.8-5.9.—Change in Business Inventories by Industry in Currentand Constant Dollars

Change in business invento-ries

FarmNonfarm

Change in book valueIVA l ....

ManufacturingDurable goods ..Nondurable goods

Wholesale tradeDurable goodsNondurable goods

Merchant wholesalersDurable goodsNondurable goods

Nonmerchant wholesalersDurable goodsNondurable goods

Retail tradeDurable goodsNondurable goods


Change in business invento-ries

FarmNonfarm

ManufacturingDurable goodsNondurable goods




Retail tradeDurable goods . .Nondurable goods

OtherDurable goods ....Nondurable goods

Billions of dollars

1982

-26.1

-2.1-24.0-13.5-10.5

-20.9150

-5.9-3.9

30-1.0-1.6

17.1

-2.3-1.3-1.1-2.3-3.2

.83.23.1.1

1983

-13.5

-10.4-3.1

9.2-12.3

-9.4-7.3-2.2-2.4

21-.3

-1.218.7

-1.2-.3-.97.64.72.91.12.51.4


1983

II

-19.4

-14.0-5.4

7.8-13.2

46-3.4-1.2-7.7-7.4

4-8.1-7.2-.8

.4-.1

.55.92.13.81.03.9

-2.2

III

-4.3

-15.911.633.0

-21.4

-3.3-6.1

2.86.05.2.8

5.35.5-.2

.7-.31.05.63.72.03.29.7

-6.5

IV

12.7

-1.414.124.4

-10.4

-1.51.8

-3.37.96.61.39.16.13.0

-1.2.5

^1.612.710.42.3

-5.1-4.3-.7

1984

I

73.8

13.260.675.7

-15.1

22.614.18.5

10.48.12.37.57.0.5

2.81.11.7

25.112.712.42.502.5

II

50.6

3.547.055.5

-8.4

35.523.312.114.27.07.2

10.75.65.23.41.42.02.53 86.3

-5.1-8.2

3.1

HI"

72.4

9.263.263.7-.5

36.727.39.4

19.812.87.0

19.011.08.0

.71.8

-1.03.81 14.93.01.02.0


10.4

-1.292

-8.7-6.5-2.2

10-1.2

.22

-.6.4

-.86

-.2-1.2-1.5

.31.61.4.3

3.6

-4.2.6

35-2.9-.6

5-.8

.32

-.7.4

-.3-.1-.23.42.11.31.21.1.1

61

-5.8-.3

15-1.2

228

-3.1.3

-2.9-3.0

.1

.1-.1

.12.7

.91.81.31,4-.1

.9

-6.67.4

-1.1-2.5

1.43.12.3.8

3.02.4

.6

.11.2

2.71.61.02.84.11 3

7.2

.27.0

.11.1

-1.03.42.8

.63.42.6.8

-.1.2

-.35.44.6.8

-1.8-1.8

0

31.6

5.426.2

9.15.83.34.83.51.23.93.1.8.9.5.4

11.45.46.1

.9

.9

20.3

1.618.7

13.89.74.25.33.12.24.12.51.71.2.6.6

1.71 33.0

-2.1341.3

31.2

4.426.8

14.611.63.09.15.73.58.44.93.5

.7

.8-.11.8

62.41.2

.4

.7

Inventories *Farm.. .Nonfarm


Manufacturing .Durable goodsNondurable goods





Other

Final sales 2

Final sales of goods and structures

Ratio: Inventories to final salesNonfarm inventories to final salesNonfarm inventories to final sales of goods

and structures

Inventories *

FarmNonfarm







Other

Final sales 2

Final sales of goods and structures

Ratio: Inventories to final salesNonfarm inventories to final sales , ..Nonfarm inventories to final sales of goods

and structures

Billions of dollars

Seasonally adjusted quarterly totals

1983

II

800.178.0

722.1406.8315.3

336.3216.9119.4

157.699.058.6

129.784.045.727.915.012.9

144.664.580.283.6

231.4138.3

3.463.12

5.22

III

809.376.5

732.8413.1319.7

339.3217.1122.2

161.5100.960.6

133.185.847.328.415.013.4

147.265.981.384.8

235.9141.4

3.433.11

5.18

IV

818.480.6

737.8418.1319.7

339.5218.1121.4

163.6102.960.8

135.687.748.028.015.212.8

151.068.882.383.6

241.2144.8

3.393.06

5.09

1984

I

845.285.3

759.9430.4329.5

348.3223.1125.2

167.6105.761.9

138.790.148.628.915.613.3

159.273.086.384.8

245.3147.2

3.453.10

5.16

II

856.485.0

771.4435.1336.3

356.6228.9127.7

171.0107.863.2

141.491.949.529.615.913.7

159.771.987.784.1

254.7154.3

3.363.03

5.00

in*

871.083.9

787.0445.2341.8

364.9235.3129.6

175.6111.164.5

146.094.851.129.616.313.3

161.171.989.285.5

256.9154.0

3.393.06

5.11


334.4

40.5293.9173.2120.7

136.291.844.4

63.841.122.753.634.718.910.26.43.8

65.829.136.828.1

108.767.4

3.082.70

4.36

334.6

38.8295.8174.6121.2

135.991.244.8

64.641.722.954.435.319.110.26.43.8

66.529.537.028.8

110.168.7

3.042.69

4.31

336.5

38.9297.6176.3121.3

135.991.444.5

65.442.423.055.236.019.310.26.43.8

67.930.637.228.3

111.569.7

3.022.67

4.27

344.3

40.2304.1180.0124.1

138.292.945.3

66.643.323.356.236.719.510.46.53.9

70.732.038.828.6

112.770.7

3.062.70

4.30

349.4

40.6308.8182.0126.8

141.695.346.4

67.944.023.957.237.319.910.76.74.0

71.131.639.528.1

116.273.8

3.012.66

4.18

357.2

41.7315.5186.3129.2

145.398.247.1

70.245.524.859.438.620.810.96.94.0

71.631.540.128.3

116.173.4

3.082.72

4.30

Table 5.10-5.11:1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories

calculated from current-dollar inventories in this table is not the current-dollar change in busi-ness inventories (CBI) component of GNP. The former is the difference between two inventorystocks, each valued at their respective end-of-quarter prices. The latter is the change in the physi-cal volume of inventories valued at average prices of the quarter. In addition, changes calculatedfrom this table are at quarter rates, whereas CBI is stated at annual rates. Quarter-to-quarterchanges calculated from the constant-dollar inventories shown in this table are at quarterlyrates, whereas the constant-dollar change in business inventories component of GNP is stated atannual rates.

2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product ofhouseholds and institutions, government, and rest-of-the-world and includes a small amount offinal sales by farms.

Table 5.8-5.9:1. The IVA shown in this table differs from that which adjusts business income. The IVA in

this table reflects the mix of methods (first-in-first-out, last-in-first-out, etc.) underlying bookvalue inventories derived primarily from Census Bureau Statistics. The mix differs from that un-derlying business income derived primarily from Internal Revenue Service statistics.



Table 6.4.—National Income Without Capital Consumption Adjustmentby Industry

Table 7.1.—Implicit Price Deflators for Gross National Product

National incomewithout CCAdj

Domestic industries

Private industries

Agriculture, forestry,and fisheries

MiningConstruction


Transportation andpublic utilities

TransportationCommunicationElectric, gas, and

sanitary services

Wholesale tradeRetail tradeFinance, insurance, and

real estateServices

Government and govern-ment enterprises

Rest of the world

Billions of dollars

1982

2,486.9

2,439.0

2,074.9

69.646.5

107.8

549.6311.4238.3

200.383.359.3

57.7

153.0206.0

355.1387.0

364.1

48.0

1983

2,651.9

2,630.6

2,212.0

60.940.0

112.3

579.9329.5250.4

212.087.760.1

64.3

161.2225.2

394.0426.6

391.7

48.3


1983

n

2,615.5

2,568.1

2,179.8

57.138.6

110.3

565.8319.9245.8

211.986.462.1

63.4

159.9222.2

392.6421.6

388.3

47.4

in

2,686.7

2,635.3

2,240.4

58.239.6

114.2

594.3336.1258.2

212.990.656.6

65.8

164.1228.3

398.1430.6

394.9

51.5

IV

2,760.3

2,712.6

2,311.7

64.140.8

115.5

619.8356.7263.2

219.290.760.8

67.6

170.8233.7

404.8443.0

400.9

47.7

1984

I

2,861.8

2,814.2

2,402.7

79.942.4

122.0

646.7378.4268.3

226.395.062.8

68.5

177.3236.2

415.6456.3

411.6

47.6

n

2,929.6

2,887.5

2,470.2

70.946.2

127.2

660.4383.8276.6

234.199.165.0

70.0

184.4246.6

432.4468.0

417.3

42.1

III"

44.4

Table 6.20.—Corporate Profits by Industry

Corporate profitswith IVA andCCAdj

Domestic industriesFinancialNonfinancial .. ....

Rest of the world

Corporate profitswith IVA

Domestic industries

FinancialFederal Reserve banks....Other

NonfinancialManufacturing

Durable goodsPrimary metal in-

dustriesFabricated metal

productsMachinery, except

electricalElectric and elec-

tronic equipment..Motor vehicles and

equipmentOther

Nondurable goodsFood and kindred

productsChemicals and

allied productsPetroleum and coal

productsOther

Transportation andpublic utilities

Wholesale and retailtrade

Other .

Rest of the world

Billions of dollars

1982

159.1

136.718.7

118.122.4

156.0

133.6

19.615.44.2

114.054.52.6

-5.0

2.6

3.5

1.8

.8-1.1

51.9

7.1

5.5

27.611.8

17.6

25.915.9

22.4

1983

225.2

200.429.4

171.024.8

192.0

167.2

29.614.814.8

137.665.211.9

-2.3

3.5

2.0

.9

7.4.4

53.4

6.6

6.8

23.516.5

22.5

33.416.4

24.8


1983

II

216.7

193.031.8

161.223.7

186.1

162.4

32.014.517.5

130.459.38.7

-2.6

3.2

2.6

.6

5.0.1

50.6

6.6

6.0

22.016.1

22.7

33.015.3

23.7

m

245.0

217.529.5

188.027.5

208.1

180.6

29.514.914.6

151.173.814.3

-2.3

3.7

2.0

.2

10.1.7

59.4

6.1

7.8

28.017.5

25.0

35.916.5

27.5

IV

260.0

234.428.6

205.825.6

216.3

190.8

28.515.513.1

162.382.922.7

-1.4

5.3

2.9

1.9

11.72.3

60.2

7.1

8.1

27.617.3

23.5

39.516.4

25.6

1984

I

277.4

251.728.7

223.025.7

229.8

204.1

28.716.012.7

175.489.830.3

.1

5.2

4.0

2.8

14.63.6

59.4

7.7

9.0

23.619.1

27.3

40.617.9

25.7

n

291.1

269.829.1

240.821.3

238.7

217.5

28.916.412.5

188.692.327.6

.6

6.0

6.2

1.9

7.95.2

64.7

7.8

9.5

27.919.5

28.3

47.021.0

21.3

III"


Personal consumptionexpenditures

Durable goodsNondurable goodsServices.

Gross private domesticinvestment

Fixed investment ,Nonresidential ,

StructuresProducers' durable equipment ..

ResidentialNonfarm structuresFarm structuresProducers' durable equipment ..

Change in business inventories ,


ExportsImports



State and local

Index numbers, 1972=100

1982

207.38

206.0174.5208.7213.6

215.4209.5266.4182.8241.3245.1249.3168.6

236.0279.3

222.2221.4227.0209.8222.8

1983

215.34

213.6177.7213.0226.0

216.0206.4263.7183.3246.4249.4247.3172.6

241.0271.5

234.9232.1236.6220.0236.7

Seasonally adjusted

1983

II

214.25

212.8176.8212.6224.9

214.4205.2261.3182.2243.0245.9245.4171.7

239.4271.0

233.3230.8234.8220.3234.9

III

215.89

214.8178.0214.5227.3

216.0205.1261.4183.2248.7251.7245.7172.7

241.5276.3

236.2232.8237.9219.1238.4

IV

218.21

216.0179.3214.8229.7

217.7208.1265.9185.8248.3251.2248.0174.7

245.4270.3

239.4235.6240.0221.4241.8

1984

I

220.58

218.0179.0217.4232.6

216.6206.3262.6184.4249.4252.3258.5174.1

247.7267.9

243.3238.5245.1215.5246.4

II

222.40

219.2179.5216.4236.0

218.6207.4264.1185.4255.9259.2261.7173.6

250,4269.6

246.2240.6246.4225.1250.0

III"

224.36

221.6179.2217.9239.8

219.4208.6265.6186.9255.7259.0259.6172.1

250.1266.8

248.6241.5247.3227.2253.6

Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product,1972 Weights


Personal consumptionexpenditures

Durable goodsNondurable goods ,Services

Gross private domesticinvestment

Fixed investment..Nonresidential

StructuresProducers' durable equipment ..

ResidentialChange in business inventories


ExportsImports



State and local

Addenda:Gross domestic purchases1

Final salesFinal sales to domestic purchas-

ers1

Personal consumption expendi-tures, food

Personal consumption expendi-tures, energy .. .

Other personal consumption ex-penditures . .


Nonfarm


1982

214.8

213.9180.5218.9220.7

231.4225.9246.9213.9241.7

243.8309.0

225.6228.7234.0215.1223.6

219.1214.8

219.2

217.3

363.4

199.1

215.3215.5215.3

1983

223.8

222.4185.0223.2234.3

234.5230.4249.8219.3242.3

248.0299.9

236.5236.7242.3222.3236.4

227.2223.8

227.3

221.8

365.0

209.4

224.3223.5224.6

Seasonally adjusted

1983

II

222.9

221.5184.0222.7233.2

234.5230.0248.1219.6242.9

246.8299.4

234.8234.8240.1221.0234.7

226.3223.0

226.4

221.9

364.2

208.2

223.1222.5

III

225.5

223.6185.5224.3236.1

237.1231.0250.0220.0248.7

249.0299.4

237.8237.2242.5223.7238.2

228.7225.5

228.8

221.5

370.3

210.7

225.7225.0

IV

227.6

225.5187.4225.6238.5

237.5231.7250.8220.7248.4

252.7298.7

240.7239.9246.1224.0241.2

230.6227.7

230.7

223.9

368.6

212.8

227.8226.9

1984

I

230.4

228.2187.7228.8241.5

238.6232.9252.3221.8249.4

254.4300.3

245.0244.1250.2228.5245.5

233.4230.5

233.5

230.5

366.7

214.8

230.6229.3

II

232.8

230.0188.8228.8245.2

242.2234.7255.3222.8256.4

257.2302.1

248.2246.4252.9230.0249.4

235.7232.9

235.8

229.5

369.1

217.3

233.0231.6

III"

235.0

232.3189.0229.6249.5

243.0236.1256.2224.5256.2

256.6300.6

250.8247.6253.9231.5253.0

237.8235.1

238.0

231.2

367.7

220.1

235.2233.7

Table 7.1-7.2:1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic pur-

chasers equals final sales less exports plus imports.



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

Table 7.7.—Current-Dollar Cost and Profit Per Unit of Constant-DollarGross Domestic Product of Nonfinancial Corporate Business



Goods


Durable goodsFinal salesChange in business inventories

Nondurable goodsFinal salesChange in business inventories .

Services

Structures

Addenda:Gross domestic purchases l

Final sales to domestic purchas-ers l


1982

207.38

207.7

193.3

194.2

185.4186.7

198.7199.4

213.4

252.5

210.3

210.6

1983

215.34

215.7

196.9

197.8

187.8188.3

203.7204.9

226.7

252.0

217.7

218.0

Seasonally adjusted

1983

II

214.25

214.7

196.2

197.2

186.4187.0

203.4204.8

225.4

249.4

216.6

217.0

III

215.89

216.3

196.7

197.6

189.1188.4

202.6204.4

228.1

251.9

218.6

219.0

IV

218.21

218.4

199.0

199.3

190.7190.1

205.7206.5

230.7

254.1

220.4

220.6

1984

I

220.58

220.3

201.1

199.7

191.0188.8

209.2208.3

234.3

253.8

222.6

222.4

II

222.40

222.1

201.3

200.0

190.9190.0

209.6208.0

237.8

257.9

224.4

224.1

I I I "

224.36

224.2

201.9

200.6

192.3190.1

209.5208.7

241.3

258.7

226.4

226.3

Table 7.4.—Implicit Price Deflators for Gross National Product bySector



NonfarmNonfarm less housingHousing

FarmStatistical discrepancy

Households and institu-tions

Private householdsNonprofit institutions

GovernmentFederalState and local

Rest of the world

Addendum:Gross domestic business product

less housing

207.38

207.420662070208.919241928206.6

229.92331229.6

2076200.2211.1

205.6

207.7

21534

215.421342142215.320541820213.4

246.42339247.3

2224209.9228.5

214.2

21425

214.321242132214.420381797212.4

244.82342245.6

2208209.3226.3

213.2

21589

215.921382148215820681773213.8

248.02342249.0

2240210.2230.7

214.8

21821

218.221602168217.720961813216.0

251.72347253.0

2271211.8234.6

217.2

22058

220.621802184219221202015218.0

254.52360255.9

2331219.6239.6

219.7

222.40

222.421972201220.721532056219.7

257.3236.1258.9

236.1220.3243.9

221.5

22436

224.422162222222.621902012221.6

259.52366261.2

239.2220.8248.2

223.6

Table 7.5.—Implicit Price Deflators for the Relation of Gross NationalProduct, Net National Product, and National Income


Less: Capital consumption allow-ances with CCAdj

Equals: Net national product

Less:Indirect business tax and nontax

liability plus business transferpayments less subsidies pluscurrent surplus of governmententerprises

Statistical discrepancy

Equals: National income

207.38

2217

205.6

1807

206.6

208.7

215.34

2244

214.2

184.7

213.4

217.9

214.25

2227

213.2

1872

212.4

216.5

215.89

2250

214.8

186.4

213.8

218.3

218.21

2264

217.2

1819

216.0

221.6

220.58

2275

219.7

181.0

218.0

224.5

222.40

229.8

221.5

1943

219.7

224.8

224.36

2307

223.6

1988

Table 7.3:1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic pur-

chasers equals final sales less exports plus imports.

Table 7.7:1. Equals the deflator for gross domestic product of nonfinancial corporate business with the

decimal point shifted two places to the left.

Table 7.8:1. Consists of final sales and change in business inventories of new autos produced in the

United States.2. Consists of personal consumption expenditures, producers' durable equipment, and govern-

ment purchases.

Table 7.9:1. Includes new trucks only.

Current-dollar cost and profit per unitof constant-dollar gross domesticproduct l

Capital consumption allowances with CCAdj ....Net domestic product

Indirect business tax and nontax liabilityplus business transfer payments less sub-sidies

Domestic incomeCompensation of employeesCorporate profits with

IVA and CCAdjProfits tax liabilityProfits after tax with IVA and CCAdj ....

Net interest

Dollars

1982

2.074

.2451.829

.2101.6191.397

.138

.052

.086

.084

1983

2.139

.2431.896

.2191.6771.409

.191

.065

.126

.077

Seasonally adjusted

1983

II

2.130

.2431.887

.2221.6651.408

.182

.064

.118

.076

III

2.144

.2411.903

.2201.6841.400

.206

.073

.133

.077

IV

2.163

.2391.924

.2191.7061.408

.221

.072

.149

.077

1984

I

2.178

.2361.942

.2171.7261.415

.233

.078

.155

.078

II

2.192

.2341.958

.2181.7401.414

.246

.079

.167

.081

III?

Table 7.8.—Implicit Price Deflators for Auto Output

Auto output

Final salesPersonal consumption expenditures

New autosNet purchases of used autos

Producers' durable equipmentNew autosNet purchases of used autos

Net exportsExportsImports

Government purchases

Addenda:Domestic output of new autos *Sales of imported new autos 2


1982

172.5

172.4197.9177.8

130.9178.0

174.5238.5155.7

177.5177.9

1983

177.8

178.4203.6182.4

139.6182.7

183.4241.8157.1

182.6182.5

Seasonally adjusted

1983

II

175.3

177.6200.9181.1

139.3181.3

181.9239.0155.4

181.0181.1

III

179.2

178.9204.1181.9

141.0182.2

185.2244.3158.4

182.3182.0

IV

180.8

180.5207.1185.2

141.3185.4

186.4243.5160.3

185.3185.3

1984

I

183.7

181.7208.8185.9

147.3186.7

192.1246.6148.0

186.9185.5

II

181.5

181.5210.5186.0

145.1186.8

190.0249.8126.2

186.6185.7

III"

181.3

180.3211.8186.6

144.4187.3

189.8249.4127.3

187.2186.3

Table 7.9.—Implicit Price Deflators for Truck Output

Truck output 1

Final salesPersonal consumption expendituresProducers' durable equipmentNet exports

ExportsImports

Government purchasesChange in business inventories

213.4

213.817782348

2347209.1234.8

217.1

217.1182.62429

2431215.6243.0

214.3

214.7181.12429

2430216.0242.9

217.8

216.9182.02430

243.4213.4243.0

218.5

218.3185.32422

2423216.5242.2

224.7

223.3186.52480

2480221.4248.0

227.4

227.6186.72528

252.8221.8252.8

232.6

231.2187.22571

2572215.5257.1

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


Durable goods .. ...Motor vehicles and partsFurniture and household equipmentOther

Nondurable goodsFoodClothing and shoesGasoline and oilOther nondurable goods

Fuel oil and coalOther

ServicesHousingHousehold operation


TransportationOther

206.0

174.51907156.61811

208.72154141.0356.62187565.32000

213.619932258305.7175.32162221.4

213.6

177.71941158.11858

213.0220.5143.6344.92308531.2213.6

226.021212400326.2185.22289232.7

212.8

176.81923157.8184.5

212.6220.7142.8345.2229.8523.2212.6

224.9210.62407328.4184.62257231.7

214.8

178.01940158.11873

214.5220.2144.8353.3233.1531.5215.1

227.3213.42410325.0185.42329233.7

216.0

179.31963158.5187.2

214.8222.41450349.0233.7531 6216.0

229.7216.02438331.6187.1232.12363

218.0

179.01963157.6188.0

217.4228.8144.4340.6235.4550 0217.5

232.6218.4248.1333.0194.4234.62393

219.2

179.5197.4157.4189.0

216.4228.4143.6342.5235.65496218.8

236.0221.9251.1336.7195.6237.22428

221.6

179.21979156.1189.7

217.9229.7144.9333.3237.9538 9221 9

239.8225.8256.7351 9196.9241.6246,1

455-573 0 - 8 4 - 3 : QL 3



Table 7.14B.—Implicit Price Deflators for Government Purchases ofGoods and Services by Type

Table 7.17.—Implicit Price Deflators for Merchandise Exports andImports by Type of Product and by End-Use Category


Federal

National defenseDurable goodsNondurable goodsServices

Compensation ofemployees

MilitaryCivilian


NondefenseDurable goodsNondurable goods

Commodity Credit Corpo-ration inventory change

Other nondurablesServices

Compensation ofemployees


State and localDurable goodsNondurable goodsServices

Compensation of employees-Other services

Structures ,


1982

222.2

221.4

227.0228.6483.8213.2

201.6205.3196.4233.8220.4

209.8209.9

296.6205.7

197.5218.8231.9

222.8212.5266.6218.3211.1240.9231.9

1983

234.9

232.1

236.6243.7426.7224.0

211.5215.4205.9244.7224.7

220.0215.8

309.1215.1

206.7228.1233.4

236.7219.1262.8235.5228.5257.5233.0

Seasonally adjusted

1983

II

233.3

230.8

234.8239.4431.7223.0

210.8214.6205.4243.5223.8

220.3215.3

297.1214.2

206.3226.9233.0

234.9218.6262.2233.5226.3255.8232.4

III

236.2

232.8

237.9247.1421.9224.7

211.8215.8206.1245.6225.9

219.1215.5

342.1215.7

207.0229.4233.5

238.4219.8264.3237.6230.7259.0233.3

IV

239.4

235.6

240.0251.8404.8226.8

213.7218.2207.2248.0227.0

221.4218.1

300.5217.1

208.0230.7234.6

241.8221.2265.0241.5234.6262.8234.0

1984

I

243.3

238.5

245.1254.5421.9232.6

221.6226.5214.6250.7229.6

215.5218.9

263.1222.6

215.6233.3236.6

246.4223.2269.2246.5239.6267.4236.8

II

246.2

240.6

246.4255.0425.3234.0

222.2227.0215.4252.6234.2

225.1222.5

318.7223.4

216.3234.7238.7

250.0224.4270.1250.6243.9270.8239.9

III"

248.6

241.5

247.3255.8426.8234.4

222.7227.5215.9252.4238.0

227.2224.1

296.9224.6

216.8236.4240.4

253.6226.1269.3254.9248.2275.0242.6

Table 7.16.—Implicit Price Deflators for Exports and Imports of Goodsand Services

Exports of goods and services

MerchandiseDurable goodsNondurable goods

ServicesFactor incomeOther

Imports of goods and services

MerchandiseDurable goodsNondurable goods

ServicesFactor incomeOther ,


1982

236.0

257.1269.4242.4

210.0205.5217.8

279.3

306.9235.9440.6

221.7205.5237.3

1983

241.0

258.9273.2242.0

219.2214.3227.3

271.5

290.6235.9397.5

226.3214.4235.7

Seasonally adjusted

1983

II

239.4

256.9272.2238.6

218.2213.2226.1

271.0

290.3237.3392.4

225.5213.2234.8

III

241.5

259.8273.5243.5

219.6214.8228.4

276.3

298.5236.0419.3

225.6214.8234.2

IV

245.4

264.7275.8251.2

221.6217.2229.6

270.3

288.4235.8397.0

227.0217.2235.1

1984

I

247.7

266.7278.1252.6

223.7219.7230.9

267.9

282.1235.6384.4

228.9219.8237.1

n

250.4

270.0279.8257.8

225.7221.5233.1

269.6

287.0236.1399.2

227.6221.5233.3

in?

250.1

268.4281.1252.4

227.9223.6235.8

266.8

281.7234.7389.7

228.7223.6233.6

Merchandise exports

Foods, feeds, and beveragesIndustrial supplies and

materialsDurable goodsNondurable goods

Capital goods, except autosAutosConsumer goods


OtherDurable goods .Nondurable goods

Merchandise imports

Foods, feeds, and beveragesIndustrial supplies and

materials, excludingpetroleum ,


Petroleum and productsCapital goods except autosAutosConsumer goods

Durable goods ,Nondurable goods


Addenda:Exports:

Agricultural productsNonagricultural products

Imports of nonpetroleumproducts


1982

257.1

217.9

284.4284.4284.4

259.7316.5200.1250.9172.6257.1257.2257.1

306.9

239.3

286.7288.1285.4

1,206.6202.9298.5222.1192.1285.1245.4245.5245.4

218.2267.5

245.7

1983

258.9

226.7

276.1276.2276.1

263.9328.1198.8250.0172.5259.0259.0259.0

290.6

237.8

270.9271.0270.8

1,093.6200.9306.5221.4191.3280.4243.7243.7243.7

227.0267.5

243.7

Seasonally adjusted

1983

II

256.9

220.1

274.5274.5274.5

263.6325.0198.4249.9172.0256.9256.9256.9

290.3

237.2

272.3272.4272.2

1,071.4202.4304.6222.0192.8278.5244.6244.6244.6

221.1266.4

244.7

III

259.8

229.7

274.9274.9274.9

264.3329.2200.8248.8175.3259.8259.8259.8

298.5

239.8

273.0273.3272.6

1,081.7200.5304.2221.9191.8279.7243.8243.8243.8

230.1267.7

243.9

IV

264.7

244.0

280.0280.0280.0

265.0334.0198.9245.4175.4264.7264.7264.7

288.4

240.0

265.4265.4265.5

1,081.3200.1313.5219.8189.0283.3243.3243.3243.3

242.5270.5

243.3

1984

I

266.7

242.5

282.6282.7282.6

266.7336.4201.2245.5177.1266.8266.8266.8

282.1

241.6

269.8270.1269.3

1,078.0200.4313.3224.3190.6287.3243.8243.8243.8

243.1272.9

243.9

II

270.0

244.8

288.9289.0288.9

268.4338.9201.3245.3179.3270.1270.1270.1

287.0

247.8

271.2271.0271.4

1,083.9198.7315.9224.7190.5291.5245.1245.1245.1

246.9275.3

245.3

III"

2<68.4

234.5

285.1285.1285.1

269.2341.6201.6245.7179.5268.3268.2268.4

281.7

249.4

266.4266.2266.6

1,071.9198.0317.0226.1190.5293.0244.0244.0244.0

239.4275.0

243.9

Table 7.21.—Implicit Price Deflators for Inventories and Final Sales ofBusiness

Inventories 1

FarmNonfarm

Durable goods .Nondurable goods


Wholesale tradeDurable goods ...Nondurable goods




Other

Final sales2

Final sales of goods and struc-tures


1982 1983

Seasonally adjusted

1983

II

239.3

192.6245.7234.9261.2

247.0236.4268.9

246.9240.7258.2241.8241.9241.4274.3234.3342.2

219.7221.8218.0297.5

212.9

205.1

III

241.8

196.9247.7236.6263.8

249.6238.2273.0

250.0241.9264.8244.8243.1247.9278.0235.4349.1

221.4223.6219.6294.4

214.3

205.9

IV

243.3

207.3248.0237.2263.6

249.8238.6272.9

250.1242.6263.8245.6243.8248.9274.4236.1340.1

222.6224.6220.8295.0

216.2

207.7

1984

I

245.5

211.9249.9239.2265.4

252.0240.2276.2

251.6244.2265.2246.7245.3249.4277.8238.2344.9

225.2228.4222.5296.8

217.6

208.3

II

245.1

209.1249.8239.1265.2

251.7240.2275.4

251.7244.7264.7247.0246,0248.9276.6236.9343.2

224.4227.4222.1299.9

219.3

209.1

III"

243.8

201.1249.5239.0264.6

251.1239.6275.1

250.1244.4260.5245.9245.8246.2272.723-6.3335.7

225.0228.2222.5301.5

221.3

209.9

Table 7.21:1. Inventories are as of the end of the quarter.2. Business final sales equals final sales less gross product of households and institutions, gov-

ernment, and rest of the world.



Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflators, andPrice Indexes

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

Personal consumption expendi-tures:Current dollars1972 dollarsImplicit price deflator•p. , " . ? , , .' :"•;

Durable goods:Current dollars1972 dollarsImplicit price deflatorsChain price indexFixed-weighted price index

Nondurable goods:Current dollars1972 dollarsImplicit price deflator

Fixed-weighted price index

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

Gross private domesticinvestment:

Current dollars ,1972 dollarsImplicit price deflator ,Chain price indexFixed-weighted price index ,

Fixed investment:

1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index

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

indexStructures:

Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price

index ,Producers' durable

equipment:

1972 dollarsImplicit price deflatorChain price index ,Fixed-weighted price

Residential:Current dollars ,1972 dollarsImplicit price deflatorChain price indexFixed-weighted price

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

Imports:Current dollars1972 dollars

Implicit price deflatorChain price indexFixed- weighted price index

Percent

1982

3.8-2.1

6.06.66.4

7.31.45.96.15.9

4.1-.34.44.64.9

3.7.6

3.03.22.9

11.22.58.68.99.0

-14.3158

-3.7-6.8

3.25.34.6

-1.2473.65.9

5.7

5.0.2

4.85.4

4.2

C -I

6 81.96.2

6.7

-12.4-15.0

3.13.2

2.8

58-7.8

2.22.52.2

-3.71.3

-4.920

-2.6

1983

7.73.73.84.34.2

8.64.83.74.14.0

14.112.11.82.22.5

5.83.72.12.22.0

9.43.45.86.16.2

13.713.7

10.09.7

.3

.51.4

.92.5

-1.51.1

2.0

-8.7—7.8-1.0

6

1.2

7.67.3.3

2.2

2.6

44.741.72.1

-1.4

.2

3.5-5.5

2.12.01.7

4.67.6

-2.820

-2.9

Percent at annual rates

Seasonally adjusted

1983

II

12.39.42.64.34.1

14.510.04.14.44.5

28.428.1

.21.31.8

11.76.84.64.84.7

13.37.35.64.95.1

52.052.5

20.322.820

-2.1-1.9

5.79.6

-3.5-1.6

.7

-13.7-7.4-6.9

52

-3.1

19.817.71.8.8

.9

71.978.1

-3.5-3.4

-4.1

.5-3.4

3.04.53.9

37.631.2

4.9-3.3-6.0

III

10.16.83.14.44.7

7.63.83.73.73.9

12.09.02.82.73.3

7.63.93.62.72.8

6.62.14.44.85.1

43.238.4

25.221.82.83.34.6

18.518.7-.21.0

1.7

1.61.4.2

1.6

3.1

29.326.42.3

.6

.8

44.431.69.79.6

.9.9

18.114.03.53.73.5

31.721.8

8.1.2

0

IV

10.65.94.44.13.9

9.26.82.33.63.4

24.020.52.93.94.1

5.75.0.6

2.32.3

8.33.84.34.44.2

35.337.0

27.523.53.2

.6

.6

28.430.66.0.9

1.3

37.528.57.0

.2

1.3

38.931.45.71.2

1.2

3.34.0

_ 7!i

-.6

5.01.56.66.26.1

21.132.3

-8.5.3

-.9

1984

I

14.910.1~4.4

4.95.0

8.64.63.84.74.9

15.816.3-.5

.2

.6

9.24.14.95.75.8

6.21.25.05.35.2

78.071.6

18.420.8

-2.01.32.0

16.520.6

-3.41.1

2.1

17.223.2

-4.9.6

2.3

16.119.6

-3.01.4

2.0

23.621.31.91.7

1.7

15.611.43.72.92.7

42.047.1

-3.52.12.3

II

10.77.13.34.14.3

10.27.92.23.33.1

13.112.01.11.82.4

8.410.3

-1.7.2

-.1

10.94.66.06.16.2

2.0-2.2

20.616.23.84.56.1

23.921.32.22.2

3.0

24.121.32.34.8

5.0

23.821.22.1

.7

1.8

12.11.2

10.911.0

11.6

4.0-.54.54.44.5

10.98.0

2.62.02.3

III"

6.32.73.63.73.8

4.6.2

4.44.04.0

-4.1-3.6

.6-.2

.4

2.3-.52.91.91.5

8.92.16.76.97.2

23.223.3

8.46.81.51.41.4

10.58.02.42.0

2.4

4.21.82.41.1

1.3

14.210.53.32.4

3.2

2.73.0-.3-.1

15.315.8-.4-.5-.9

43.649.9

-4.2-1.0-2.0

Government purchases of goodsand services:

1972 dollarsImplicit price deflator

Fixed-weighted price index

Federal:Current dollars1972 dollars .Implicit price deflatorChain price indexFixed-weighted price index

National Defense:Current dollars1972 dollars

Chain price indexFixed-weighted price index

Nondefense:

1972 dollars ...Implicit price deflatorChain price indexFixed-weighted price index

State and local:Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index

Addenda:

Gross domestic purchases:

Implicit price deflatorChain price indexFixed-weighted price index

Final sales:Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index

Final sales to domestic purchasers:Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index

Gross domestic product:Current dollars1972 dollarsImplicit price deflatorChain price index ,Fixed-weighted price index

Business:Current dollars1972 dollarsImplicit price deflatorChain price indexFixed-weighted price index

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

index

Disposable personalincome:

1972 dollars

Percent

1982

9.02.06.97.06.5

13.16.16.76.86.8

16.87.68.67.66.9

5.63.12.55.36.5

6.5-.67.17.16.3

4.1-1.2

5.46.15.8

5.6-.76.36.66.4

5.9.3

5.76.15.8

3.9-2.0

6.06.66.4

3.1-2.4

5.66.25.9

3.7-2.1

5.96.5

6.0

6.8.9

1983

5.4-.35.75.44.8

4.2-.64.84.23.5

11.77.14.24.33.5

-12.8-16.9

4.94.13.4

6.2.0

6.26.25.7

8.65.03.53.93.7

7.23.23.94.34.2

8.14.43.53.93.7

7.83.83.84.34.2

7.84.33.33.93.7

8.54.93.54.1

4.3

7.33.5

Percent at annual rates

Seasonally adjusted

1983

II

2.0-2.6

4.74.43.6

-3.6-5.9

2.51.9.2

9.87.62.02.0.1

-31.5-32.6

1.61.5.6

5.8-.26.16.25.9

16.012.33.33.53.2

8.96.42.44.34.1

12.59.13.13.53.2

12.49.52.64.34.1

13.311.02.24.03.9

16.113.22.5

7.53.3

III

4.5-.55.15.35.3

2.0-5.3

3.53.84.2

3.3-1.9

5.34.14.0

-15.5-13.6-2.2

3.14.9

9.02.76.16.26.1

11.47.43.84.04.3

8.14.93.14.44.7

9.45.43.84.04.3

9.76.43.14.44.7

10.37.42.74.24.5

11.58.23.0

11.77.7

IV

.9435.55.24.9

-4.3-8.7

4.84.64.6

13.29.23.65.66.1

-44.1-46.3

4.21.8.5

4.41.45.85.65.1

12.28.73.33.53.3

8.44.24.04.13.9

10.06.92.93.43.3

11.26.64.44.13.8

11.97.44.23.83.5

12.88.63.9

10.78.2

1984

I

7.81.06.77.87.3

2.02.85.08.07.3

12.53.48.86,96.9

291-21.1-10.2

11.78.3

11.53.57.87.67.3

17.612.94.14.84.9

7.33.63.54.95.0

9.96.33.34.84.9

15.210.34.44.95.0

16.111.93.84.24.2

13.19.83.0

12.78.6

II

24.318.64.85.25.4

50.545.23.73.73.8

14.712.22.24.64.3

277.9217.519.0

.62.6

10.03.76.06.16.4

11.47.93.33.84.1

13.810.33.24.14.3

14.511.13.13.94.1

11.57.93.34.14.3

12.49.03.23.94.1

13.410.03.1

8.66.3

III*

13.08.64.04.34.3

16.114.41.61.81.9

8.77.21.31.71.6

40.235.23.72.32.7

11.04.85.96.06.0

9.35.53.63.63.6

3.903.93.83.8

6.92.84.03.73.7

6.12.53.63.73.8

6.42.93.43.53.6

5.71.83.8

8.13.5

NOTE.— The implicit price deflator for GNP is a weighted average of the detailed price indexes the composition of output. The chain price index uses as weights the composition of output inused in the deflation of GNP. In each period, the weights are based on the composition of the prior period, and therefore reflects only the change in prices between the two periods,constant-dollar output in that period. In other words, the price index for each item (1972=100) However, comparisons of percent changes in the chain index also reflect changes in theis weighted by the ratio of the quantity of the item valued in 1972 prices to the total output in composition of output. The fixed-weighted price index uses as weights the composition of output1972 prices. Changes in the implicit price deflator reflect both changes in prices and changes in in 1972. Accordingly, comparisons over any time span reflect only changes in prices.


Motor Vehicles, Model Year 1984

By DOUGLAS R. FOX

JYLpDEL year 1984 marked a secondstraight year of strong recovery forthe motor vehicle industry.1 Unitsales of new motor vehicles totaled14.2 million, up from 11.7 million in1983 and a low of 10.1 million in 1982(chart 6). Sales increased stronglythrough the first three quarters ofmodel year 1984 before slipping atyearend.

New car sales registered anotherstrong increase in 1984, but they havenot yet regained the levels of the late1970's. The increase was again ac-counted for by domestic cars; sales ofall size categories except compact carsincreased strongly. Sales of importedcars continued to be constrained bytight supplies of Japanese cars due tothe voluntary restraint program.

New truck sales again were upsharply and have practically regainedtheir 1978 record level. Sales of lightdomestic and "other" domestic trucksand imported trucks all registeredlarge increases.

New CarsRetail sales of new passenger cars

totaled 10.3 million in the 1984 modelyear, up sharply from 8.8 million in1983 and from a cyclical low of 7.7million in 1982. Despite the 2 years ofstrong recovery, sales were still belowthe 11.0 million levels of the late1970's. The sharp increase in 1984 canbe traced to continued improvementin the economic and financial condi-tions that had sparked last year'sturnaround. (See "Motor Vehicles,Model Year 1983" in the SURVEY OFCURRENT BUSINESS, October 1983.)

The quickening pace of economicactivity in 1984 improved the finan-cial position of consumers, enablingthem to take on a major purchasesuch as a new car. Income was upconsiderably more than in the preced-

ing year: Real disposable personalincome increased 6l/2 percent, com-pared with an increase of 2l/2 percent

Motor Vehicle Sales byModel Year

CHART 6

Million units16

2 -

in model year 1983. Continued appre-ciation in the value of financial assetsmay also have boosted consumer pur-chases. Further, concerns about jobsecurity and income losses lessened;the unemployment rate fell sharplyfrom 9.4 percent to 7.5 percent overthe course of the model year. All ofthese developments buoyed consumerattitudes; indexes of consumer senti-ment reached near-record levels inthe middle of the model year and re-mained high thereafter.

The slowdown in inflation in thepast 2 years contributed to a modera-tion in the expense of new car owner-ship. According to a study by theHertz Corporation, the average ex-penses for owning and operating anew car had fallen in 1983 (calendaryear). The decline, the first in morethan a decade, followed several yearsof sharp increase. Interest expensesand gasoline prices declined; the pur-chase price, and items tied to it (suchas taxes, insurance, and depreciation),and maintanence and repair costs in-creased much less than earlier. Aver-age ownership expenses probably in-creased only moderately in 1984.

Increases in new car prices in thelast 2 model years were considerablysmaller than those in the early 1980's.The new autos component of the Con-sumer Price Index was up 2x/2 percentin 1983 and 3 percent in 1984, aboutone-half as much as increases in thepreceding 2 years. Another measure,the average unit value—that is, theaverage purchase price of a new car—increased 8 percent in 1983 and 6%percent in 1984; earlier, it had in-creased at double-digit rates.2

The effect of changes in interestrates on new car sales is difficult to

1977 79 80 81 82 83 84

1. A model year is considered to begin on October 1,and to end on the following September 30. Thus,model year 1984 covers the fourth quarter of 1983 andthe first, second, and third quarters of 1984.

NOTE.—October through September sales for each model year.

Data: Motor Vehicle Manufacturers Association of the United States, Inc.and Ward's Automotive Reports.

U.S. Department of Commerce, Bureau of Economic Analysis 84-10-1

2. The average unit value is derived by BEA usingthe average retail price of each model (adjusted for op-tions, transaction prices, and sales taxes) weighted bythe sales mix. Movements in the BEA measure differfrom movements in the new autos component of theConsumer Price Index (CPI) primarily because the CPIdoes, and the BEA measure does not, eliminate qual-ity change and because the BEA measure does, andthe CPI does not, reflect changes in the sales mix.

20



gauge. A change of several percentagepoints in the interest rate on a typicalauto installment loan amounts toonly a few dollars in the monthly pay-ment. However, a rapid change in therate, or the existence of what is recog-nized as a particularly high (or low)rate, may influence a prospectivebuyer's decision. The effectiveness ofbelow-market financing programs inboosting sales, at least in the shortrun, supports this supposition. In the1983 model year, a sharp drop in autoinstallment loan rates may have pro-vided some stimulus to new car sales.During that year, the rate charged bycommercial banks fell from 17 per-cent to 13V2 percent. The ratecharged by finance companies alsomoved lower, but it fluctuated widelyas automakers, through their finan-cial subsidiaries, intermittently usedbelow-market financing to promotesales (chart 7). Changes in interestrates probably did not have a majorimpact on new car sales in 1984. Therate charged by commercial banks re-mained around 13 Mz percent through-out the year. The rate charged by fi-

Interest Rates on New AutoInstallment Loans

CHART 7

Percent

16

14

12

101977 78 79 80 81 82 83 84

NOTE.—Most common interest rates (annual percentage rate) at reportinginstitutions.Data: Federal Reserve Board.

U.S. Department of Commerce, Bureau of Economic Analysis 34-10-;

nance companies moved up from 13percent to 15 percent; the increasepartly reflected the discontinuance ofbelow-market financing programs byautomakers.

It is probable that pent-up replace-ment demand continued to contributeto new car sales in 1984. Cars thatwere purchased during the strongsales period of the late 1970's are now5-7 years old. Owners of these carswho normally would already have re-placed them, but held off during thedepressed new car market of theearly 1980's, may have returned tothe market.

Domestic and import sales

Nearly all of the increase in newcar sales in the past 2 model yearswas in sales of domestic cars. From alow of 5.5 million in model year 1982,domestic sales climbed to 6.5 millionin 1983 and to 7.9 million in 1984. Thestrong increase in demand, coupledwith generally tight supplies, enableddomestic manufacturers to wind downthe promotional cash rebate andbelow-market financing programsthat had been prevalent from theearly 1980's through much of 1983.

Sales of large cars—that*is, full-sizeand luxury cars and intermediatecars—accounted for almost two-thirdsof the increase in domestic sales from1982 to 1984. Full-size and luxury carsales were up 0.6 million to 1.8 mil-lion over the 2-year period, and inter-mediate car sales were up 0.9 millionto 2.5 million. An upward shift in themarket share of large domestic cars,which began in 1982, continued. Theyaccounted for 42 percent of total newcar sales—domestic and imported—in1984, up considerably from the 1981low of 35x/2 percent, but still wellbelow the neighborhood of 50 percentregistered in the late 1970's (chart 8).

The increase in sales of small do-mestic cars over the 2-year period wasentirely accounted for by subcom-pacts. Subcompact car sales were up1.0 million to 2.6 million, and theirmarket share increased from 21x/2percent to 25 percent. The sales gainwas concentrated in "upscale"models—that is, models that offermore power, luxury, and optionalequipment than "basic" models. Com-pact car sales were unchanged at 1.0million over the period, and theirmarket share declined from 13 ¥2 per-cent to 9x/2 percent.

Sales of imported cars increasedslightly in each of the past 2 modelyears, from 2.2 million in 1982 to 2.3million in 1983 and to 2.4 million in1984. Their share of the market, how-ever, declined steadily from a record28 percent in 1982 to 23 V2 percent in1984. Sales of Japanese cars, whichcomprise roughly four-fifths of all im-ports, were hampered by supplyshortages throughout the year. Begin-ning on April 1, 1981, Japanese man-ufacturers had agreed to limit ship-ments of cars to the United States to1.68 million per year. When demandfor new cars picked up as the econo-my recovered, sales of Japanese carswere constrained by the import limit,and, as a result, their market sharefell. When the agreement was re-newed on April 1 of this year, the

CHART 8

Market Share of New Car Sales byModel Year

20 ~~

1977 83 84NOTE.—Based on October through September sales for each modelyear.Data: Motor Vehicle Manufacturers Association of the United States, Inc.and Ward's Automotive Reports.




limit was increased to 1.85 millioncars per year; the increase probablyhad little effect on sales in 1984.

The composition of Japanese carsales continued to shift from basicsubcompact models to upscale com-pact and sport models, which yieldhigher per-unit profits. Several moreof these models were introduced in1984, as Japanese manufacturers fur-ther upgraded product lines.

U.S. manufacturers continue tobroaden product lines by importingsubcompact cars from Japan for sale

CHART 9

Million units12

.TOTAL

11

10

7 I I I I I I I I I I I I I I I I I I I I

LARGE'OQMESTiCCARS

SMALL DOMESTIC CARS AND IMPORTED CARS

i -I i 1 1 I I I I I 1 I I I I I1980 1981 1982 1983 1984

Seasonally Adjusted at Annual Rates

Data: Motor Vehicle Manufacturers Association of the United States,Inc. and Ward's Automotive Reports; seasonal adjustment by BEA.

U.S. Department of Commerce, Bureau of Economic Analysis 84-1

through their own dealerships; sever-al more models were added to the"captive" import list late in 1984.(These captives are included in theimported sales data.) Importing sub-compact cars that will be manufac-tured in South Korea is under consid-eration.

Sales of other imports, particularlythose from West Germany, increasedrapidly over the past 2 years. The in-creases were largely in sales of high-priced, luxury models; the increasedimports may have partly reflected theappreciation of the dollar against Eu-ropean currencies over the past sever-al years.

In the past several years, two Japa-nese manufacturers have establishedproduction facilities in the UnitedStates. Cars (or trucks) produced atthese plants are considered domesticvehicles (and are included in domesticsales and production data) eventhough they may be indistinguishablefrom imports of the same model.These vehicles accounted for only asmall fraction of domestic productionand sales in 1984, but increased vol-umes are scheduled for 1985. A jointventure between a Japanese and aU.S. company to produce a new sub-compact model in this country is alsounder way. None of these cars fallunder the voluntary agreement,which limits shipments to the UnitedStates.

Quarterly patterns

New car sales increased in each ofthe first three quarters of the 1984model year before declining at year-end. Sales moved up strongly to 10.0million (seasonally adjusted annualrate) in the fourth quarter of 1983,and again to 10.5 million in the firstquarter of 1984, increased moderatelyto 10.7 million in the second quarter,and fell to 10.3 million in the third(table 1). As in the past few years, thepattern of new car sales largely re-flected the course of domestic sales;imported car sales have hoveredaround 2.3 million for the past severalyears (chart 9).

The market conditions facing thedomestic auto industry at the begin-ning of the 1984 model year presenteda marked contrast to the past severalyears. Prospects for strong increasesin sales were bright, as the economicrecovery gained momentum. Domesticnew car inventories—at 1.2 million(seasonally adjusted)—were low,

Table 1.—Selected Unit Data for the Quartersof Model Year 1984

[Millions of units, seasonally adjusted at annual rates]

New car salesDomestic .. .Import

Domestic car production

Domestic car inventories 1

Domestic car inventory-sales ratio 2 ...

New truck sales

1983

IV

10.07.426

7.8

1.42.2

36

I

10.58.223

90

1.62.4

38

1984

II

10.78.324

7.0

1.42.0

4.1

III

10.38.023

7.4

1.32.0

41

1. End-of-quarter, not at annual rates.2. Ratio of end-of-quarter inventories to average monthly

sales for the quarter.Source: Motor Vehicle Manufacturers Association of the

United States, Inc. and Ward's Automotive Reports; seasonaladjustment by BEA.

largely due to a small carryover of1983 models, and the inventory sales(I/S) ratio was close to 2.0, a levelgenerally considered desirable by theindustry. To begin the rebuilding ofinventories to levels necessary to sup-port the anticipated sales increases,domestic manufacturers stepped upnew car production to 7.8 million (sea-sonally adjusted annual rate) in thefourth quarter of 1983. Inventories in-creased to 1.4 million, and the I/Sratio was up slightly to 2.2.

Retail Sales of New TrucksMillion units (Ratio scale)

CHART 10

Light Domestic

Other Domestic

I I t I I I i I l I I I I I I I I I I1980 1981 1982 1983 1984

Seasonally Adjusted at Annual Rates

NOTE.—Retail sales of domestic trucks are classifed by gross vehicleweight as light (up to 10,000 pounds) and "other" (over 10,000pounds). Import trucks include imports by U.S. manufacturers.

Data: Motor Vehicle Manufacturers Association of the United States, Inc.and Ward's Automotive Reports; seasonal adjustment by BEA.




Domestic sales increased strongly inthe first quarter of 1984, but produc-tion was stepped up even more sharp-ly. Production again exceeded sales,and inventories accumulated. The I/Sratio moved up to 2.4. Inventorieswere not considered excessive, in part,because production was scheduled todrop in the second quarter due to theclosing of several plants for extensiveremodeling and retooling.

Sales increased moderately in thesecond quarter, partly reflecting aslowing in the increase in disposableincome. Sales in the latter part of thequarter may also have been con-strained by short supplies of severalpopular models. Production droppedsharply; about one-third of the declinewas due to the plant closings.3 Salesexceeded production by a considerablemargin; inventories declined, and theI/S ratio fell to 2.0.

Recent developments and outlook

Partly reflecting the slowdown inthe economy in the third quarter, newcar sales declined for the first time in2 years. Sales of both domestic andimported cars declined. The decline indomestic sales was spread across allsize categories, but was most evidentin sales of intermediate cars, wheresupplies remained tight on somemodels.

Domestic production increased to7.4 million in the third quarter; aweek-long strike by auto workers inmid-September had only a minorimpact on the quarterly total.4 De-spite the increase in production and

3. During most of the second quarter, four GeneralMotors assembly plants were closed to convert produc-tion to different car lines. (Two plants in Michiganswitched to the production of a new type of compactcar; one in Delaware converted from a subcompact carto a full-size car; and one in Maryland converted froman intermediate car to a mini-van.) The closings lastedfrom over 2 months to nearly 6 months, much longerthan the 3 days to 3 weeks normally taken up byannual model changeovers.

Taking into account both the nature and duration ofthe closings, BEA did not consider them to be a sea-sonal phenomenon, and, therefore, did not change theseasonal adjustment factors to account for them. Theclosings reduced car production in the second quarter;the production loss amounted to roughly 0.7 millionunits (annual rate).

Three of the plants were closed for most of the thirdquarter as well. The third-quarter production loss dueto these closings was roughly 0.5 million units (annualrate).

4. The strike, which initially idled 13 GeneralMotors plants and later spread to 17, lasted from Sep-tember 15 to September 21. The third-quarter produc-tion loss due to the strike is estimated at about 0.2million cars (annual rate).

the decline in sales, the level of salesstill exceeded that of production, soinventories declined further. At theend of the quarter, carryover invento-ries of 1984 models were small, andsupplies of new 1985 models in somecar lines were short.

Domestic manufacturers havescheduled a sharp increase in produc-tion to about 8.4 million in the fourthquarter of 1984. The increase wouldbring inventories about into line withthe current level of sales.

New Trucks

Retail sales of new trucks were upeven more sharply in the 1984 modelyear than they had been in 1983. At3.9 million, the 1984 level of sales wassecond only to the record 4.1 millionregistered in 1978. Light domestictruck sales, which account for aboutfour-fifths of total unit sales, were upsharply again in 1984, as were sales ofimported trucks. "Other" domestictruck sales increased after 5 consecu-tive years of decline.

Sales of light domestic trucks (up to10,000 pounds gross vehicle weight)totaled 3.1 million in 1984, up from2.3 million in 1983 and from 1.8 mil-lion in 1982. The sharp increases inthe past 2 model years can generallybe attributed to the same favorableeconomic and financial conditionsthat spurred sales of new cars. Aboutthree-fifths of light truck purchasesare for personal use, and much of thestrength in the market for lighttrucks was in the smaller vehiclesthat are often viewed as alternativesto cars. Sales in the lighter weightclass (0-6,000 pounds) were up sharp-ly; sales of light conventional pickups,compact pickups, sport utility vehi-cles, and passenger vans all increased.A mini-van was introduced in 1984,and several more models will be intro-duced in 1985. As was the case whenthe compact pickups were introduced,these vehicles may divert sales fromlarger models. However, it is expectedthat some buyers will switch fromcars, especially station wagons, tomini-vans.

Sales of imported trucks increasedstrongly to 0.56 million in 1984 from0.47 million in 1983, and 0.39 millionin 1982. Nearly all imported trucksare small pickups from Japan, al-though a mini-van was introduced in1984. Because truck shipments from

Japan to the United States have notbeen subject to limitations, sales wereable to increase as market conditionsimproved. Even so, the share of totallight truck sales accounted for by im-ports fell steadily, from peak of 21%percent in 1981 to 15 percent in 1984.The dropoff was accounted for by aphasing out of "captive" imports, thatis, trucks imported from Japan by do-mestic manufacturers for salethrough their dealerships. These "cap-tives" have been almost entirely re-placed by compact pickups producedin U.S. plants. Sales of Japanesetrucks that are sold through foreigndealerships have increased at aboutthe same rate as domestic light trucksales, so their market share has re-mained in the 13 to 15 percent rangefor the past 3 years.

Sales of "other" domestic trucks(over 10,000 pounds gross vehicleweight) increased sharply to 0.26 mil-lion from a low of 0.18 million in1983. These trucks, nearly all ofwhich are purchased by business,range from medium-duty general de-livery trucks to heavy-duty dieseltractor-trailers. The turnaround insales reflected the strong recovery inbusiness investment in 1984.

The quarterly pattern of new trucksales in the 1984 model year roughlyparalleled that of new cars, but wasrelatively stronger in the second halfof the year (chart 10). Sales moved upstrongly to 3.6 million (seasonally ad-justed annual rate) in the fourthquarter of 1983, and again to 3.8 mil-lion in the first quarter of 1984. Aswas the case for cars, production wasstepped up sharply in both quartersto rebuild inventories to support in-creasing sales. Sales continued to in-crease strongly—to 4.1 million—inthe second quarter; the increase waslargely in "other" domestic and im-ported trucks. The increase in sales oflight domestic trucks slowed, as didthe pace of domestic production. In-ventories changed little in the secondquarter. In the third quarter of 1984,new truck sales remained at 4.1 mil-lion. Sales of light and "other" domes-tic trucks were up very slightly, andsales of imported trucks declined.Third-quarter production was up sub-stantially; production lost due to themid-September strike by autoworkerswas small. Production exceeded salesby a considerable margin, and inven-tories registered a large increase inthe third quarter.



State Quarterly Personal

Table 1.—Total Personal[Millions of dollars, seasonally

T irm

1

2

345678

9

101112131415

16

1718192021

22

23242526272829

30

313233343536373839404142

43

44454647

48

4950515253

54

55565758

5960

616263646566676869

United States 1

New England

ConnecticutMaineMassachusettsNew HampshireRhode IslandVermont

Mideast

Delaware .District of ColumbiaMarylandNew JerseyNew YorkPennsylvania

Great Lakes

IllinoisIndianaMichiganOhioWisconsin

Plains

IowaKansas .MinnesotaMissouriNebraska.North DakotaSouth Dakota

Southeast

Alabama.ArkansasFloridaGeorgiaKentucky .LiOuisianaMississippiNorth CarolinaSouth Carolina ,TennesseeVirginiaWest Virginia

Southwest

ArizonaNew Mexico ,Oklahoma ,Texas

Rocky Mountain ,

ColoradoIdahoMontanaUtahWyoming

Far West

CaliforniaNevadaOregonWashington

AlaskaHawaii

New EnglandMiddle AtlanticEast North CentralWest North CentralSouth AtlanticEast South CentralWest South Central ..MountainPacific

I

1,471,331

85,292

24,4026165

40,38454176,2132,712

308,454

4,2905837

30,48656927

130,94579,969

291,997

88,0813515365,8477255130,365

111,501

1971415,76027,65030,62610,1303,7093,913

286,074

20,07211,45954,9822946719,8252272011,7043134915,5142395234,29310736

122,693

142946,708

17,20784,484

37,966

18,137513345047,2992,892

216,044

167,9795,005

16,27926,781

45526,758

85,292267,841291,997111,501216,95575,553

135,87063,973

222,349

19

II

1,508,990

87,162

24,9026288

41,30155826,3072,783

314,264

4,4065952

31,18858,090

132,88181,746

301,196

89,9613648668,16975,27931,301

113,257

1996616,08728,05931,31510,2273,7733,831

294,499

20,71211,64056,6793044220,5002337511,9343219815,9962470635,23111,086

126,210

147896,897

17,63886,885

39,080

18,7205,22945887,5173,026

222,036

172,8005,177

16,68727,373

44426,844

87,162272,717301,196113,257223,17877,852

139,53965,944

228,145

77

III

1,555,422

89,593

25,4616453

42,54657816,4812,871

322,076

4,5136,055

31,94759515

136,15883,888

311,250

92 SS837^65770,85878,02532,372

116,939

2047016,62228,88632,44110,5473,9184,055

304,348

21,37112,13359,0393152520,9872406712,4453322416,4782552336,34411211

130,565

152647,131

18,31189,860

40,490

19,3595,43447937,7363,168

228,984

177,9165,376

17,27928,413

41826,995

89,593279,561311,250116,939230,33780,326

144,37068,260

234,786

IV

1 603,089

92,001

26,3006596

43,45660236,6672,959

329,731

4,6356227

32,98360982

139,27685,628

318,369

94,6313859572,28679,79433,062

121,866

21 11117,81729,65433,41911,0504,5314,285

314,019

22,09512,47861,1083268021,5822478912,7443422217,0142644437,40511456

135,493

159037,421

19,14193,027

42,574

20,3175,72151258,0953,317

237,476

184,2525,624

18,03929,561

42577,303

92,001285,886318,369121,866237,73182,865

149,43671,523

243,412

I

1 638 626

94,142

26,7766738

44,55262396,7243,112

335,549

4,6936402

33,73362464

141,34186917

323,419

96,5003889574,0997983034,096

123,160

2182417,45630,266oo 82811,0394,4304,318

321,535

22,53112,81363,7063349421,3792545512,9083526617,6022718338,31510881

137,864

166217,604

18,80994,830

43,689

20,8875,85751858,3103,450

247,314

191,3966,020

18,74131,157

4,5177,438

94,142290,721323,419123,160244,09484,000

151,90773,934

253,249

197

II

1 696 372

97 132

27,6966943

45,80564527,0083229

345,579

4,8476505

34,89464433

144,99389905

333,903

99,1164056176,0948309135,041

127,617

2264118,18131,14135,04111,6324,5684,413

334,961

23,55113,24965,7633460522,8702651213,4533647718,0562836939,74212313

144,360

173417,920

19,89399,206

45,611

21,7566,11654068,6663,667

255,159

197,2796,296

19,37232,213

44457,605

97,132299,332333,903127,617253,20388,243

158,86077,167

260,914

8 r

III

1 755 468

100 265

286117 111

47,32666977,1923329

355,109

5,0016663

35,94766281

148,68692531

344,564

102,0884191978,5848575236,222

131,467

2348318,7723213336,09411,8094,6364,539

347,313

24,42613,83368,9103589023,5772760313,8713770718,6742930640,80212,714

150,190

182468,249

20,658103,037

47,146

22,6106,29554928,9503,800

267,089

207,0696,611

19,97233,437

44337,891

100,265307,498344,564131,467262,30891,180

165,13180,252

272,803

IV

1 814 273

102 854

294687302

4834669157,3933430

364 516

51036851

3708968017

152,54094917

355,467

104 6964339981,3528863937,382

138,582

2426220,1863357537,36512,6355,5624997

358,413

25,00314,13771,2973706424,2932847514,2503901219,34130,23742,25813,048

156,389

19,0118,530

21,772107,077

49,371

23,5996,60958829,2893,991

275,987

213,4386,918

20,77034,861

45438,151

102,854315,473355,467138,582271,06293,782

171,46083,829

281,764

I

1 863 989

106 226

304087522

500037 1547,5963543

372 317

52316923

3790869644

155,13597476

365 413

107 0154446384,2529089838,785

140,384

2467120,3473432438,58512,5784,9644914

368,927

25,75114,65874,0283812125,0152938914,6703989319,79131,14643,20913,256

162,213

19,9058,774

22,396111,139

50,442

24,4456,61556859,5474,150

285,157

220,7447,182

21,28335,948

45678,343

106,226322,255365,413140,384278,36096,582

177,58286,303

290,884

19

II

1 907 989

108 348

310627694

50895739376883617

379 761

53427069

3861571060

158,28099396

371 437

109 4334506384,7939213840,010

145,220

2526721,4243553139,535132745,0805110

376,915

26,10314,83276,1983895125,4903004214,9194069920,37431,62344,15913,524

167,980

20,5319,068

23,315115,066

52,138

25,2806,78758749,8454,353

293,053

226,4857,420

22,00837,140

45958,539

108,348328,736371,437145,220284,93298,135

183,25589,157

298,768

79 r

III

1 973 293

111 951

321667971

5251076247,9583723

392,715

55027272

3998973339

163,876102 737

381 372

113 3984605685,9079480841,203

148,956

2570622,0183648440,78213,4865,2555,226

390,099

26,62115,25479,8084028026,3743145215,42841,54921,05332,60745,65114,021

175,250

21,6579,407

24,265119,921

54,363

26,4986,9836,059

10,2684,554

305,062

235,7727,773

22,81038,707

4,7148,810

111,951339,952381,372148,956295,126101,030190,89393,200

310,813

IV

2 025 330

114 983

331868127

53,93377878,1333816

402 105

56277487

4104775307

167,535105 103

387 933

115 3724685886,8609665242,191

152,052

2580122,6643741941,49213,6765,6145,386

402,447

27,66715,69182,7484143726,9513259015,92942,85021,73833,41647,09014,341

182,129

22,3809,705

25,259124,786

55,925

27,2487,1666,200

10,5664,745

313,886

242,7268,047

23,37339,740

4,8239,047

Census

114,983347,945387,933152,052304,364103,963198,32596,056

319,709

'Revised. NOTE.—Quarterly estimates for the years 1948-76 are available from the Regional EconomicP Preliminary. Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce, Wash-1. The personal income shown for the United States differs from that in the national income ington, DC 20230.

and product accounts, primarily because it omits income received by Federal Government em- The quarterly estimates of State personal income were prepared by Francis G. McFaul and Isa-ployees overseas.

2. Quarterly estimates for 1983 for the United States and Wisconsin do not agree with theannual estimates appearing in the August 1984 SURVEY OF CURRENT BUSINESS owing to subse-quent corrections.

belle B. Whiston, under the supervision of Robert L. Brown. The table was prepared by Eunice P.James.



Income, 1977:1-1984:11

Income, States and Regionsadjusted at annual rates]

1980 r

I

2,083,913

119,331

34,5328,43355,8858,1268,4243,931

414,383

5,8477,56042,41678,022172,355108,184

396,445

117,02547,71089,44698,85743,408

153,593

26,13922,70738,35642,14613,5015,4765,268

414,279

28,34915,89286,85542,21427,31833,91116,04144,07622,23934,25648,30914,817

188,202

23,20510,04326,162128,792

58,011

28,2187,5316,40610,8834,972

325,127

251,6508,42824,01841,031

5,0139,530

II

2,110,294

121,434

35,1568,55056,8668,2688,6103,985

421,053

5,8557,64143,02379,402175,906109,226

397,405

117,37547,82988,726100,00343,472

153,980

26,05822,74438,53542,29713,6495,4695,227

420,673

28,45815,89888,83642,93427,51834,52316,12944,88222,64234,66249,23714,954

192,087

23,68710,14126,509131,750

58,789

28,6707,4616,43411,1165,109

330,185

256,1408,51424,05441,477

5,0929,596

III

2,177,240

125,103

36,2198,84158,5958,5038,8264,118

432,156

6,0327,88244,30081,526180,656111,760

406,646

120,40749,11290,633101,94144,552

159,813

27,06823,62140,02243,89114,1385,6635,409

435,931

29,21016,56292,74944,43028,40436,07816,83846,25923,34135,84851,05015,162

200,048

24,31810,47627,988137,266

60,666

29,7447,6996,58511,3455,294

341,754

265,2078,84724,72642,973

5,2399,884

IV

2,255,393

129,907

37,7279,14060,7288,9029,1484,262

446,899

6,2468,11345,93784,640186,681115,281

419,224

123,24051,06294,004105,24045,679

165,233

28,22124,49541,04945,22214,6326,0005,615

452,626

30,27917,04596,74046,30129,24437,53017,31848,02624,24036,97653,28515,642

208,082

25,50810,79128,915142,868

63,414

31,1518,0206,87811,8275,538

354,165

274,8429,22625,41444,682

5,61010,232

1981 r

I

2,333,319

133,473

38,8019,43062,2669,1119,4064,458

459,951

6,4168,42147,35986,988192,335118,431

430,784

129,36852,57494,731107,31346,798

173,389

29,54325,70142,45847,08815,9216,7145,963

470,437

31,45617,857100,62748,07030,64139,33717,90049,67225,08438,36255,22316,207

219,169

26,26911,22030,359151,321

65,842

32,3648,3747,12212,2335,749

363,880

282,1719,55526,00446,151

5,84110,554

II

2,380,528

136,820

39,6729,64263,9469,3639,6144,582

469,504

6,4998,48948,35189,054196,380120,731

437,505

131,05453,31996,161109,06447,907

176,606

30,19126,14943,35847,70416,2146,8916,099

479,323

31,74518,125104,01449,07630,68540,29218,21650,75525,68139,08956,18615,458

224,863

27,08711,47231,125155,179

67,166

33,2318,5077,23112,3675,830

371,931

288,5799,83226,32647,194

6,07910,729

III

2,468,808

141,631

41,0409,90866,1999,7829,9344,769

485,604

6,7208,78150,18392,112202,846124,963

449,309

135,10554,87497,212112,36749,752

184,148

31,57827,23745,12349,35817,0167,3846,452

499,362

33,00818,854108,33050,82832,46342,00318,80652,78026,46340,39258,44616,988

236,076

28,25611,95032,869163,002

70,450

34,9968,8497,56012,9636,082

384,870

299,22210,13726,95948,552

6,35611,001

IV

2,497,501

144,057

41,57510,09267,48610,02810,0584,818

491,341

6,7758,85850,75393,390205,235126,330

450,813

136,46254,61897,078112,74849,908

185,192

31,48627,46545,47649,83017,0207,4766,438

505,718

33,13618,942110,13151,46132,67342,88619,08653,14026,89440,55859,63517,175

242,203

28,64012,19133,849167,524

71,696

35,9838,7737,54313,1686,229

388,606

302,79010,23726,82248,758

6,64311,230

1982 r

I

2,527,108

146,270

42,48710,11768,47110,17410,1274,894

499,206

6,9668,99850,96295,340209,653127,287

450,543

136,31554,28396,628112,90850,408

186,000

30,43228,29346,03050,29317,2977,2526,404

513,652

33,57019,119111,62752,75433,36543,77119,46553,80627,18041,05260,49217,449

247,466

28,53812,41035,236171,282

72,562

36,7338,6867,56813,3446,231

393,275

306,50510,29526,93849,537

6,81311,322

II

2,560,141

149,181

43,13210,41769,99310,42810,3074,904

506,124

7,0659,12351,97696,878212,000129,082

456,131

137,96654,98797,969114,49550,714

187,194

30,75928,25346,29251,17517,1597,1816,377

521,327

34,03319,369113,38453,92533,38944,08119,81954,61827,59741,68161,70117,730

251,053

29,00712,58235,662173,802

73,594

37,4328,7337,66613,5326,231

396,926

309,71610,38526,94749,878

7,12511,485

III

2,586,517

152,719

43,98110,73071,64710,79810,6024,962

514,531

7,1769,28652,72298,632216,103130,612

458,131

138,04554,86298,503115,37451,346

187,757

30,72428,31046,48951,57117,0917,1906,382

526,911

34,32519,490114,95254,70733,48144,40419,83455,29227,92642,21162,78617,502

252,781

29,18012,73035,645175,226

74,247

37,6788,7627,77713,7866,244

399,858

312,44910,46927,02749,913

7,88911,692

IV

2,629,557

154,463

44,66410,84572,47710,80610,6305,042

523,296

7,3809,50054,105100,229219,803132,279

462,340

139,26655,58198,928116,53752,027

193,375

31,69929,26847,82852,59317,6557,5736,760

537,746

34,97319,942117,57156,31434,48244,19120,33956,52128,46243,19464,11117,646

256,393

29,57313,04936,301177,470

75,645

38,4809,0377,95213,9836,194

406,452

317,75810,60827,39950,688

8,13911,710

1983 r 2

I

2,651,491

157,339

45,56410,92273,88011,07910,7825,113

530,733

7,5509,58054,130102,795223,477133,201

461,957

137,61155,007100,902116,28952,148

189,927

29,51128,76247,39652,62017,1047,7406,793

544,192

35,47620,240119,15957,37434,04445,28320,23457,71928,80543,20965,07917,570

257,634

30,14113,03835,380179,075

76,223

39,0389,2317,87414,0106,069

413,323

323,28210,72627,91751,398

7,98212,181

II

2,704,870

160,942

46,03211,24875,94811,38811,0855,242

539,118

7,6079,74455,429104,215227,337134,787

472,001

140,47156,406102,687119,12053,318

193,811

30,47029,12648,69353,73017,4197,6636,710

556,546

36,29320,628123,00958,93034,52944,95220,57558,79529,72044,31266,79018,013

262,023

31,14113,31835,910181,655

77,404

39,6199,3697,98014,4046,031

422,789

331,07711,06228,43352,217

7,92112,314

III

2,753,109

162,853

46,74211,35376,63511,64911,2265,247

547,611

7,6419,94556,567105,710230,473137,276

483,730

144,29358,368105,025121,92754,118

199,622

31,61929,92050,00555,11518,2007,8806,884

566,164

37,02921,059125,08159,81135,11245,62021,14860,08130,29745,06567,84718,012

265,704

32,15513,63235,939183,978

78,669

40,3079,4308,15614,6606,115

428,242

336,23711,12328,60052,282

8,17912,335

IV

2,825,955

168,554

48,59311,60679,49411,98511,5105,365

560,695

7,8979,97357,602109,099236,682139,441

494,564

147,580.59,823107,306124,76555,090

206,343

32,76931,00451,39056,61618,9138,4727,178

579,865

37,55221,574128,01461,86335,92846,44821,84861,49831,11446,38669,24518,396

274,449

32,86513,96637,405190,213

81,064

41,3779,7668,48615,1446,290

438,796

344,36111,47229,39053,572

8,87112,755

1984

Ir

2,908,890

172,271

49,71711,87181,01212,30311,8525,516

573,446

8,24910,18159,039111,871241,859142,248

510,970

152,62961,884111,658127,88256,917

216,289

35,07932,58153,27558,68220,0659,0087,599

597,913

38,76722,475131,74063,58237,45547,71822,57063,47731,97248,03771,33418,786

282,620

34,05314,37138,755195,441

83,528

42,40010,1628,91915,5916,456

450,457

353,47711,76830,31154,900

8,38113,015

IP

2,970,903

176,713

51,16512,20782,97612,55412,0985,713

587,412

8,33110,35260,434114,806247,659145,829

520,476

155,89262,889113,032130,37658,287

216,939

34,51533,10254,36459,59719,5188,2797,564

613,213

39,79022,505136,10365,86738,43048,17822,56665,28832,77749,33173,06719,310

287,098

34,76414,69239,031198,611

84,858

43,42210,2478,64915,9766,564

462,380

363,31311,98130,87356,213

8,54113,273

Line

1

2

345678

9

101112131415

16

1718192021

22

23242526272829

30

313233343536373839404142

43

44454647

48

4950515253

54

55565758

5960

Regions

119,331358,561396,445153,593314,333105,965204,75799,687331,242

121,434364,534397,405153,980320,006106,767208,679101,132336,358

125,103373,942406,646159,813331,204110,300217,894104,307348,030

129,907386,603419,224165,233344,531113,817226,358108,939360,781

133,473397,754430,784173,389357,079118,359238,875112,885370,720

136,820406,165437,505176,606364,510119,736244,722115,556378,908

141,631419,921449,309184,148379,520124,669256,728120,793392,091

144,057424,956450,813185,192384,822125,454263,200122,764396,243

146,270432,280450,543186,000390,236127,453269,408123,804401,114

149,181437,960456,131187,194397,118128,922272,913125,569405,152

152,719445,347458,131187,757402,350129,852274,764126,626408,970

154,463452,311462,340193,375411,609132,988277,905128,874415,693

157,339459,474461,957189,927416,965132,963279,978130,128422,760

160,942466,339472,001193,811428,036135,710283,145132,924431,962

162,853473,459483,730199,622435,282138,355286,596135,579437,633

168,554485,222494,564206,343445,602141,713295,640139,368448,949

172,271495,977510,970216,289458,360146,829304,389143,720460,085

176,713508,294520,476216,939471,530150,118308,325146,295472,213

616263646566676869


Foreign Direct Investmentin the United States in 1983

By R. DAVID BELLI

LAST1 year, the foreign direct invest-ment position in the United States in-creased 9 percent, to $135.3 billion,following a 15-percent increase in1982 (table I).1 In both years, the po-sition grew at a much slower ratethan in the 4 years prior to 1982,when the average annual rate wasabout 30 percent.

The slower growth in 1982 and 1983primarily reflected the U.S. recession,which lasted into the first half of1983. Slack demand substantially re-duced U.S. affiliates' earnings and,thus, funds available for reinvest-ment. At the same time, because pros-pects for future earnings were uncer-tain, foreign investors had little in-centive to expand their existing U.S.operations or to acquire or establishnew ones.2 Capital inflows for bothequity and debt fell sharply fromtheir peaks in 1981, when foreigntakeover activity was strong. Earn-ings of U.S. affiliates improved in1983, as the U.S. recovery began.

NOTE.—The quarterly survey from which theannual estimates presented in this article werederived was conducted by Gregory G. Fouch,under the supervision of James L. Bomkamp,Chief, Foreign Direct Investment in the UnitedStates Branch. Patricia J. Davis and LesterKoransky assisted in preparing the estimates.Smith W. Allnutt, Chief, Data Retrieval andAnalysis Branch, assisted by Donald R.Mauery, designed the computer programs fordata retrieval, analysis, and tabular presenta-tion. The technical note was written by BettyL. Barker.

1. The position is the book value of foreign direct in-vestors' equity in, and net outstanding loans to, theirU.S. affiliates. Thus, the position measures the netclaims of foreign direct investors on their U.S. affili-ates and is not a measure of the assets of the affili-ates, which are the sum of owners' equity held by, andliabilities owed to, both foreign direct investors and allother persons. A U.S. affiliate is a U.S. business enter-prise in which a single foreign investor owns at least10 percent of the voting securities, or the equivalent.

2. For a discussion of BEA data on newly acquiredor established U.S. businesses, see R. David Belli,"U.S. Business Enterprises Acquired or Established byForeign Direct Investors in 1983," SURVEY OF CURRENTBUSINESS 64 (May 1984): 16-20.

26

The data series on foreign direct in-vestment in the United States for 1980forward have been revised to (1) incorpo-rate the results of BEA's 1980 bench-mark survey of foreign direct investmentin the United States, (2) include, in cap-ital inflows, certain data from BEA'ssurvey of new foreign direct investments,and (3) change the treatment of unincor-porated affiliates to parallel that of in-corporated affiliates. Revisions of the lasttype resulted in changes in the definitionof some of the components of the directinvestment position, capital inflows, andincome. See the technical note for a dis-cussion of all three sources of revision.

For the convenience of data users,BEA plans to publish a volume contain-ing historical estimates of the foreigndirect investment position and of balanceof payments transactions between U.S.affiliates and their foreign parents forthe 30-year period, 1950-79. The esti-mates will be disaggregated by countryof foreign parent and by industry of U.S.affiliate in the maximum detail possible.The publication, Selected Data on For-eign Direct Investment in the UnitedStates, 1950-79, is scheduled for releasein December. Upon release, it may be or-dered from the Superintendent of Docu-ments, U.S. Government Printing Office,Washington, DC 20402.

Table 1.—Foreign Direct Investment Position in the United States

All areasPetroleumManufacturing . .Wholesale tradeOther

CanadaPetroleumManufacturingWholesale tradeOther

EuropePetroleumManufacturingWholesale tradeOther

Of which:Netherlands

PetroleumManufacturingWholesale tradeOther

United Kingdom ... .PetroleumManufacturing . . . . .Wholesale tradeOther . . . . . . . .

JapanPetroleumManufacturing ,Wholesale tradeOther

OtherPetroleumManufacturingWholesale trade . .Other

Direct investmentposition

Millions of dollars

1981

107,59015,19340,33415,50136,563

11,8701,7443,2631,0995,764

71,94512,85430,8527,927

20,313

26,80011,547

9,0461,3434,864

18,471-1247,5882,1598,847

7,688-78

1,3204,9751,471

16,087673

4,8991,5009,016

1982

123,59017,61944,10017,69944,172

11,4351,5093,4281,0675,432

82,76715,06233,146

8,67125,889

25,9948,1009,8721,2746,747

28,3865,4298,7632,844

11,351

9,679121

1,6366,0891,833

19,709927

5,8911,872

11,019

1983

135,31318,45847,80320,00649,047

11,1151,3743,337

9845,420

92,48116,56536,9839,769

29,163

28,8179,014

10,7611,3777,664

32,5125,9229,8883,396

13,306

11,145-3251,6827,6252,163

20,573844

5,8011,627

12,301

Change

Millions ofdollars

1982

16,0002,4263,7672,1977,609

434-235

166-32332

10,8222,2082,294

7435,576

-806-3,447

826-68

1,883

9,9155,5531,175

6842,503

1,991199316

1,114362

3,622255992373

2,003

1983

11,723838

3,7032,3074,875

-320135-91-82-12

9,7131,5033,8371,0993,274

2,823914889103917

4,126493

1,126552

1,956

1,466446

471,535

330

863-84-90

-2451,282

Percent

1982

14.916.09.3

14.220.8

3.71355.1

-3.058

15.017.27.49.4

27.5

-3.0-29.9

9.1-5.138.7

53.7C1)

15.531.728.3

25.90)

23.922.424.6

22.537.820.224.822.2

1983

9.54.88.4

13.011.0

-2.890

-2.7-7.7

2

11.710.011.612.712.6

10.911.39.08.1

13.6

14.59.1

12.819.417.2

15.20)2.9

25.218.0

4.4-9.0

15-13.1

11.6

1. Percent change is not defined because the position is negative in 1 of the 2 years.


October 1984 SURVEY OF CURRENT BUSINESS 27However, uncertainty about the re-covery's duration probably continuedto dampen investment throughoutmuch of the year.

Other factors may also have con-tributed to the slowdown in invest-ment. Slack demand in most other de-veloped countries hurt earnings offoreign multinational companies andlimited the funds available for invest-ment. In particular, weak worldwidepetroleum markets restrained U.S. in-vestments by major foreign oil compa-nies and oil producing countries; theirinvestments had contributed signifi-cantly to the rapid growth in earlieryears. Also, the strong appreciation ofthe U.S. dollar against major foreigncurrencies during 1982-83 raised theforeign currency cost of U.S. assetsand lowered the dollar cost of U.S.imports, both of which tend to encour-age production abroad, rather than inthe United States, to serve the U.S.market. Finally, a surge in the U.S.stock market, beginning in mid-1982,raised the cost of acquisitions and, to-gether with high interest rates here

and abroad, may have diverted someforeign capital inflows from direct in-vestment to more liquid portfolio in-vestment in U.S. stocks and bonds.3

Direct Investment Position

More than two-thirds of the year-end 1983 position of $135.3 billion wasaccounted for by European parents.

3. The overriding influence of U.S. economic growthon direct investment capital inflows is underscored bydevelopments in 1984. Many of the other factors thatmay have slowed investment in 1982-83—includingsluggish economic growth abroad, high U.S. interestrates, and an appreciating dollar—have continued intothis year. Nevertheless, the strength and durability ofthe U.S. recovery, combined with a low rate of infla-tion, has led to a new surge in foreign direct invest-ment in the United States. For the first half of 1984,direct investment capital inflows exceeded $10 billion,nearly matching the total for all of 1983. (See RussellC. Krueger, "U.S. International Transactions, SecondQuarter 1984," SURVEY OF CURRENT BUSINESS 64 (Sep-tember 1984): 34-57.) Also, plans for several majorU.S. acquisitions by foreign investors or their U.S. af-filiates in the second half of this year have been an-nounced, although the amount and timing of relatedcapital inflows will not be known until the transac-tions are completed.

Canadian and Japanese parents ac-counted for 8 percent each, and par-ents in "other" countries—mainly theNetherlands Antilles, Panama, andKuwait—for 15 percent.4 By industryof the U.S. affiliate, 35 percent of theposition was in manufacturing, 15percent in wholesale trade, 14 percentin petroleum, and 36 percent in

4. The estimates include U.S. affiliates' positionsand transactions with both their foreign parents andthe foreign affiliates of their foreign parents. A U.S.affiliate's positions and transactions with its foreignparent—that is, the first foreign person in the affili-ate's ownership chain—are classified in the country ofthe foreign parent. A U.S. affiliate's positions andtransactions with a foreign affiliate of its foreignparent are classified in the country of the foreign affil-iate. To simplify terminology, in this article, the term"foreign parent" is used broadly to include foreign af-filiates of foreign parents as well as the foreign par-ents themselves.

Most other data on foreign direct investment in theUnited States published by BEA are classified bycountry of ultimate benefical owner (UBO). The UBOis the person in the U.S. affiliate's ownership chain,beginning with the foreign parent, that is not ownedmore than 50 percent by another person. The countryof the UBO may be the same as that of the foreignparent, a different foreign country, or the UnitedStates.

Table 2.—Foreign Direct Investment Position in the United States by Account

[Millions of dollars]

AH areasPetroleumManufacturingWholesale tradeOther

CanadaPetroleumManufacturingWholesale trade ..Other



PetroleumManufacturing . ..Wholesale tradeOther '.

United KingdomPetroleum . ...ManufacturingWholesale tradeOther .

JapanPetroleum .ManufacturingWholesale tradeOther

OtherPetroleum ••ManufacturingWholesale trade .Other

1982

Total

123,59017,61944,10017,69944,172

11,4351,5093,4281,0675,432

82,76715,06233,1468,671

25,889

25,9948,1009,8721,2746,747

28,3865,4298,7632,844

11,351

9,679121

1,6366,0891,833

19,709927

5,8911,872

11,019

Equity *

92,02315,79331,77010,84933,611

8,365964

2,580537

4,284

62,95714,20323,7785,044

19,9.33

19,0187,5226,853

(D)(D)

22,9205,3237,5281,6098,460

7,93341

9794,8682,044

12,769586

4,432400

7,350

Intercompany debt

Net

31,5671,826

12,3316,849

10,561

3,070545848529

1,148

19,810859

9,3683,6275,956

6,976578

3,019(D)(D)

5,465106

1,2351,2352,891

1,74680

6561,221

212

6,941341

1,4591,4723,669

U.S.afiliates'payables

40,3182,560

13,8559,489

14,415

4,035617

1,358652

1,409

24,6121,349

10,1934,5198,551

7,151591

3,061550

2,949

7,454(D)

1,5851,461

(D)

3,754155713

2,349537

7,916439

1,5921,9683,917

U.S.affili-ates'

receiv-ables

8,750734

1,5242,6393,853

96571

510123261

4,802490825892

2,595

1751343(D)(D)

1,989(D)

351226

(D)

2,0087556

1,128749

97598

133496248

1983

Total

135,31318,45847,80320,00649,047

11,1151,3743,337

9845,420

92,48116,56536,9839,769

29,163

28,8179,014

10,7611,3777,664

32,5125,9229,8883,396

13,306

11,145325

1,6827,6252,163

20,573844

5,8011,627

12,301

Equity 1

99,77916,85633,37112,35937,193

7,943576

2,310500

4,557

69,12215,68725,4995,646

22,289

20,3778,4066,781

8504,341

25,4425,9248,0821,6749,762

9,24861

1,0845,9002,203

13,466532

4,477313

8,144

Intercompany debt

Net

35,5341,601

14,4337,647

11,853

3,172798

1,027484863

23,359878

11,4834,1236,874

8,440609

3,980528

3,324

7,0702

1,8061,7223,544

1,897386599

1,725-40

7,106311

1,3241,3144,157

U.S.afiliates'payables

46,1382,857"

16,03310,40316,845

4,281857

1,497612

1,314

29,2431,378

12,3485,021

10,496

8,770623

4,062591

3,494

9,385450

2,1001,9614,873

4,194216645

2,725608

8,420406

1,5432,0454,426

U.S.affili-ates'

receiv- ,ables

10,6041,2561,6002,7564,992

1,10959

470128452

5,884500864898

3,622

330148164

171

2,314452294239

1,329

2,29760246

1,000648

1,31495

219731269

D Suppressed to avoid disclosure of data of individual companies.1. Includes capital stock, additional paid-in-capital, and retained earnings.



Table 3.—Change in the Foreign Direct Investment Position in the United States by Account[Millions of dollars]

All areasPetroleumManufacturingWholesale tradeOther


Europe .PetroleumManufacturingWholesale tradeOther



United KingdomPetroleumManufacturingWholesale tradeOther . . . .

Japan . .. .PetroleumManufacturingWholesale tradeOther

Other .PetroleumManufacturing . ..Wholesale tradeOther

All areas .PetroleumManufacturingWholesale tradeOther


EuropePetroleum . . . .ManufacturingWholesale tradeOther


PetroleumManufacturing . .Wholesale tradeOther

United KingdomPetroleumManufacturingWholesale tradeOther

PetroleumManufacturing .Wholesale tradeOther

OtherPetroleum

Wholesale trade .. .Other

1982

Total

16,0002,4263,7672,1977,609

-434-235

166-32

-332

10,8222,2082,294

7435,576

-806-3,447

826-68

1,883

9,9155,5531,175

6842,503

1,991199316

1,114362

3,622255992373

2,003

Capital inflows

Total

13,8422,4262,7402,2256,451

-1,439-234

152-25

-1,332

10,6102,2062,217

7775,409

3,510977825-81

1,789

5,3831,1271,174

6922,390

1,987199314

1,113360

2,685255

56361

2,013

Equity capital

Net

9,597472

3,0501,3964,678

24322826689

-826

6,896196

2,276683

3,740

1,89395

645132

1,022

2,366(D)

866270

(D)

1,0666

313540207

1,87942

19684

1,557

In-creases

11,904514

3,3031,4646,623

1,45422827296

858

7,318212

2,510702

3,894

1,97995(D)

132(D)

2,46675

898283

1,210

1,0956

320554215

2,03868

202112

1,656

De-creases

2,30742

25268

1,945

1,697067

1,684

42216

23418

154

860

(D)0

(D)

100(D)3313(D)

2907

148

15926

62999

Rein-vested

earnings

-2,4121,0021591-3941429

1,198-342

224-9624

8481,3321 190-347

643

-117822215

-262-460

664(D)

141-101

(D)

116-2

-126115129

-48113

-50154

-291

Intercompany debt

Net

6,657952

1,2811,2243,201

2-121

111-106

118

4,562678

1,131441

2,312

1,73361

39549

1,227

2,353546167523

1,116

805195128458

24

1,287199

-89431747

In-creasesin U.S.affili-ates'

payables

6,516546

1,350739

3,881

181-115

235-108

169

4,751482

1,091294

2,884

1,72771

41312

1,231

1,989328147296

1,218

422-316522139

1,162182

-141332789

In-creasesin U.S.affili-ates'

receiv-ables i

-141-406

70-484

680

1786

124-351

189-196-40

-147572

-61017

-373

r-363-217

20-227

102

-383-198

37-236

15

-12518

-519942

Valu-ation

adjust-ments

2,1581

1,02728

1,158

1,0051

13-7

1,000

2122

77-34167

-4,3164425

11395

4,5324,426

1-8113

40112

9370

93512

-10

1983

11,723838

3,7032,3074,875

320-135-91-82-12

9,7131,5033,8371,0993,274

2,823914889103917

4,126493

1,126552

1,956

1,466-446

471,535

330

863-84-90

-2451,282

11,441827

3,5742,1744,868

111-129

318-83

6

9,0581,5033,304

9563,294

2,61391484546

900

4,055493

1,062551

1,949

1,440-465

461,529

330

832-84-94

-2281,237

6,846295

1,809611

4,130

6305

196-4433

4,274249

1,341303

2,381

706(°)18(D)

614

1,522(D)

157262(")

641-1201282158

1,301437129

1,158

8,215362

2,244831

4,777

869(°)

197(D)

650

5,178280

1,758518

2,622

1,021(°)35(D)

697

1,84054

467262

1,058

653(*)

212282158

1,514(D)76(°)

1,347

1,36967

435220647

239(D)

(D)216

90431

417214241

314(D)17(D)83

318<")

3100

(D)

131

1100

213CO5

(")189

628756

-337765555

620386

57-35

-142

1,2351,235-153

156-4

442(D)

-13525(°)

927<")

334-198

(D)

6483

98743

(*)

635-97

30-99

-409

3,967-2242,102

7971,292

102253179

-45-285

3,54919

2,116497918

1,46531

962(D)(D)

1,605-107

572487654

151-467-58504171

165-30

-135-158

488

5,821298

2,178914

2,430

24524113940

-95

4,63129

2,155502

1,945

1,61932

1,00041

546

1,930P)

515501

<")

44061

-6837671

504-33-48

77509

1,85452276

1171,138

144-12-40

5191

1,08210396

1,028

1541

38(D)(D)

325(")

-5613(°)

288528-10

-128-101

339-387

23521

28212

129133

7

4317

4091

-18

6550

533143

-20

2100

4514917

720

6427

261817

(*)

3104

-1745

* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. An increase in U.S. affiliates' receivables is a decrease in intercompany debt and, thus, a capital inflow.



"other'' industries, mainly real estate,banking, and insurance.5

Nearly three-fourths of the positionwas accounted for by equity invest-ment, including retained earnings(table 2). Net outstanding intercom-pany debt owed by U.S. affiliates totheir foreign parents accounted forthe remainder. The $35.5 billion ofoutstanding intercompany debt wasthe net of U.S. affiliates' payables dueto their foreign parents, $46.1 billion,and U.S. affiliates' receivables duefrom their foreign parents, $10.6 bil-lion.

The $11.7 billion increase in the po-sition in 1983 was accounted for bycapital inflows of $11.4 billion andvaluation adjustments of $0.3 billion(tables 3). Captial inflows consisted of

5. Affilates must report on a fully consolidatedbasis, including in the consolidation all other U.S. af-filiates owned more than 50 percent by the given affil-iate. The report of a consolidated affiliate may coveroperations in more than one industry. Because the af-filiate is classified in the single industry that accountsfor the largest portion of its sales, its industry classifi-cation may not reflect the full range of its activities.

equity capital inflows of $6.8 billion,intercompany debt inflows of $4.0 bil-lion, and reinvested earnings of $0.6billion.

Compared with 1982, capital inflowsfell $2.4 billion. Net equity capital in-flows fell $2.8 billion, and net inter-company debt inflows fell $2.7 billion,mainly because of an increase in U.S.affiliates' receivables due from theirforeign parents. Partially offsettingthe reduced equity and debt inflowswas a $3.0 billion shift to positive re-invested earnings, from a negative$2.4 billion in 1982. The shift entirelyreflected an improvement in affiliateearnings in 1983; distributed earningsremained virtually unchanged (table4).

By country of foreign parent, by farthe largest increase in position—$4.1billion—was for the United Kingdom.The increase was concentrated inmanufacturing and real estate. Theposition of parents in the Netherlandsincreased $2.8 billion, mainly in pe-troleum and manufacturing, and the

position of Japanese parents in-creased $1.5 billion, all in wholesaletrade.

In contrast, the position of Canadi-an parents fell $0.3 billion, the thirdconsecutive annual decrease. In all 3years, negative reinvested earningscontributed to the decreases. Also, in1981 and 1983, large negative valu-ation adjustments were made to theposition for Canada to reflect achange in the manner in which directinvestors held their U.S. invest-ments.6 In 1982, the sale of a Canadi-an company's U.S. mining operationsto a French company contributed tothe decrease.

6. In 1981, for tax reasons, several Canadian compa-nies shifted from direct ownership in their U.S. affili-ates to indirect ownership through intermediate com-panies in the Netherlands. These shifts resulted innegative valuation adjustments to the position forCanada and equal and offsetting positive valuation ad-justments to the position for the Netherlands. In 1983,a French company shifted its ownership in its U.S. af-filiate from indirect, through an intermediate compa-ny in Canada, to direct. Offsetting valuation adjust-ments were made to the positions for Canada (nega-tive) and France (positive).

Table 4.—Foreign Direct Investment in the United States: Earnings and Reinvestment Ratios[Millions of dollars or ratio]

All areasPetroleum .. .- . .ManufacturingWholesale tradeOther

Canada..PetroleumManufacturingWholesale tradeOther.. .



PetroleumManufacturingWholesale trade ..Other

United KingdomPetroleum ... . .. .ManufacturingWholesale tradeOther

JapanPetroleum .ManufacturingWholesale tradeOther

OtherPetroleumManufacturingWholesale tradeOther

1982

Earnings

Total

9772,241

932-172

160

-788-293-199

-3-293

1,5762,495

581-252-86

7791,320

84-242-383

1,479(D)

313-98

(D)

350-1

-116222245

-1604036

-140-25

Distrib-uted

3,3901,240

659222

1,269

41149256

330

2,4241,163

60995

557

8954992992077

816(D)

1723

(D)

2341

11107116

321271514

266

Rein-vested

-2,4121,002

-1,591394

-1,429

1,198-342

224-9

-624

-8481,332

-1,190347643

117822

-215-262

460

664(D)

141-101

(D)

116_2

-126115129

4811350

-154291

Rein-vestment

ratio x

(90.450OO

O(*)O(*)0

(*).53(9O(*)

(*>.62OVC2)

.45

.55

.45O

.33

.33C2)0

.52

.53

(9.33O(*)C2)

1983

Earnings

Total

4,0281,785

200986

1,058

7-218

37-22270

3,3162,087

325292612

1,221(D)8946(D)

1,669(°)

461158(D)

1,0613

-86807337

-342-88

2-92

-161

Distrib-uted

3,4001,029

537221

1,613

6131682013

412

2,081852477137615

779(D)

22421(°)

742(")

12741(D)

412(*)1164

337

2939

287

249

Rein-vested

628756

-337765

-555

620-386-57-35142

1,2351,235-153

156-4

442(D)

-13525(D)

927(D)

334-198

(D)

6483

98743

(*)

-635-97

30-99

-409

Reivest-mentratio l

0.16.42O

.78C2)

C2)ttC2)0C2)

.37

.59C2)

.53O

.36

.64tt

.55(9

.56

.62

.72(9

.51

.61

.92(*)

.92(*)

O(9(*)(9tt

1982-83 change in earnings

Total

3,051457

1,1311,1581,218

78174

162-19564

1,740-408

906544698

442(D)5

289(D)

190(D)

148-59

(D)

7114

2958593

181-128

3448

-136

Distrib-uted

10210

-1221

344

202119

67

82

343-312

1314158

-117(D)

-761

(D)

-74(D)4538(D)

179(*)1

-43221

28-18

147

-17

Rein-vested

3,041246

1,2541,159

874

579-45168

-26482

2,083-96

1,037503639

559(D)81

288(D)

264(D)

193-97

(°)

5325

29627

-128

-154-110

2055

-119

* Less than $500,000 or 0.05 (±).D Suppressed to avoid disclosure of data of individual companies.1. Reinvested earnings divided by earnings.2. Reinvestment ratio is not defined because reinvested earnings are negative.



By industry, the largest increase inthe position—$4.9 billion—was in"other." The increase was down sub-stantially from that in 1982, despitesmaller negative reinvested earnings.About one-half of the increase was inreal estate. The positions in bankingand insurance also showed strong in-creases.

The position in manufacturing in-creased $3.7 billion, about the same asin 1982. The increase was concentrat-ed among affiliates with parents inEurope, mainly in the United King-dom, Netherlands, France, and Swit-zerland. Several acquisitions of U.S.companies resulted in sizable equityand intercompany debt inflows. Rein-vested earnings were a negative $0.3billion, substantially improved from anegative $1.6 billion in 1982. Withinmanufacturing, increases in the posi-tion were largest in chemicals ($1.7billion), food ($0.8 billion), and "other"($1.0 billion).

As in manufacturing, the increasein the position in wholesale trade—$2.3 billion—was little changed fromthat in 1982. Japanese-owned affili-ates accounted for two-thirds of the

increase and British-owned affiliatesfor most of the remainder.

The increase in the position in pe-troleum was $0.8 billion, down sub-stantially from that in 1982. Reinvest-ed earnings fell sharply, to $0.8 bil-lion, due to deterioration in petrole-um affiliates' earnings. Also, becauseof a large increase in affiliates' receiv-ables due from their foreign parents,intercompany debt transactions re-sulted in net outflows of $0.2 billion.Most of the increase in receivables re-flected transaction of a Japanese-owned affiliate engaged in worldwidepetroleum trading.

IncomeDirect investment income, the

return on the position, more thandoubled in 1983, to $6.4 billion (table5). The sharp increase followed a simi-larly sharp decline in 1982 and large-ly reflected the improvement in U.S.affiliates' earnings, related to strongU.S. economic growth in 1983.

Direct investment income consistsof U.S. affiliates' earnings (that is,foreign parents' shares in their U.S.affiliates' net income after U.S.

Table 6.—Source and Relationship of Incomeand Its Components

[Millions of dollars]

Table 5.—Foreign Direct Investment in the United States: Income[Millions of dollars]

All areasPetroleum . . . .ManufacturingWholesale tradeOther

CanadaPetroleum.. .ManufacturingWholesale tradeOther



PetroleumManufacturingWholesale tradeOther... . . . .

United Kingdom .... .PetroleumManufacturing .Wholesale tradeOther

JapanPetroleumManufacturingWholesale tradeOther


Income

1981

6,7213,0761,261

7001,685

8225

20943

224

4,9152,893

852188982

3,2522,568

462-30252

1,10038

51768

553

7286

48519156

99615257049

323

1982

3,0502,256

214

778

-684-281-176

6-233

2,9222,497

132-111

405

1,5541,383

430-199-61

1,843(D)

43548(D)

393(*)

-68202259

41940

11483

348

1983

6,4491,8661,1211,1942,267

107-193

2717

344

4,9642,1431,089

4511,281

2,0421,158

48395

306

2,254(D)

59277(D)

1,0953

-54787359

28387

11427

283

Change

1982

-3,671819

-1,259-686-907

76630633

-36-457

1992-395-720-299

578

1698-1,185

-32-168-313

743(D)81

-116(D)

335-6116

-317103

577-112

456-34

25

1983

3,399390

1,1191,1811,489

79188

149-23577

2,041-354

957563876

488226

54294367

412(D)

156-28

(°)

7022

14586100

136-127

(*)5665

Line

12

3

45

6

7

8

91011

EarningsCapital gains/losses

Earnings before capital gains/losses

Distributed earningsReinvested earnings

Withholding taxes on distributedearnings.

Interest (net of withholding taxes)

Income

Income before capital gains/lossesEarnings (net of withholding taxes) ..Distributed earnings (net of with-

holding taxes).

1983amount

4028540

3,488

3,400628

120

2,540

6,449

5,9093,9093,280

Sourceand

relation-ship

2+3Report-

ediExtrapo-

lated 2

6+11.1 4

Extrapo-lated.2

Extrapo-lated.2

1-6+7.

8-2,1-6.,Extrapo-

lated.1

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

1. Data are as reported by the sample; no estimate fornonreporting affiliates is made.

2. Universe estimates are calculated by extrapolating for-ward data from the 1980 benchmark survey, based on themovement of reported sample data in subsequent years.

income taxes), less U.S. withholdingtaxes on affiliates' distributed earn-ings, plus interest (net of withholdingtaxes) on intercompany debt (table 6).

Of the $3.4 billion increase inincome in 1983, $3.1 billion was dueto an increase, to $4.0 billion, in U.S.affiliates' earnings (table 7). Capitalgains, which are included in earnings,increased from near zero in 1982 to$0.5 billion in 1983, mainly because ofappreciation in the value of stockportfolios held by affiliates in insur-ance.

Earnings before capital gains rose$2.5 billion, to $3.5 billion. The risereflected shifts, from losses in 1982 topositive earnings in 1983, in manufac-turing, wholesale trade, and "other"industries. The shift was largest—$1.4billion—in manufacturing. Withinmanufacturing, earnings improved ineach subindustry; however, only inchemicals and food were earningspositive for the year. Many manufac-turing affiliates continued to havelosses, though smaller than those in1982. As the impact of the U.S. recov-ery becomes more widespread, shiftsfrom losses to positive earnings canbe expected to provide a strong boostto both earnings and reinvested earn-ings after 1983. (Preliminary esti-mates indicate that, in the first halfof 1984, earnings of manufacturing af-filiates were more than three timesthe 1983 annual total.)

In wholesale trade, affiliates hadpositive earnings of $0.9 billion in1983, after small losses in 1982. Theincrease in earnings was led by Japa-



Table 7.—Foreign Direct Investment in the United States: Income and Rate of Return[Millions of dollars or percent]


CanadaPetroleum ....ManufacturingWholesale tradeOther



PetroleumManufacturing.... . . .Wholesale tradeOther

United KingdomPetroleum ...ManufacturingWholesale trade . .Other




CanadaPetroleumManufacturingWholesale tradeOther .... . .






Other

Manufacturing ....Wholesale tradeOther

1982

Income

Total(=col. 2

less col. 5plus col. 6)

(D

3,0502,256

214

778

-684-281-176

6233

2,9222,497

132111405

1,5541,383

430199-61

1,843(D)

435-48

(D)

393(*)68

202259

41940

11483

348

Earnings

Total

(2)

9772,241-932-172-160

-788-293-199

-3293

1,5762,495-581

252-86

7791,320

84242

-383

1,479(D)

313-98

(D)

350-1

-116222245

-16040

-36140

-25

Beforecap-ital

gains/losses

(3)

9412,216

-1,077-48

-151

-901-265-320

-1315

1,4662,451-561

116-308

1,031(D)73(D)

-282

1,261(D)

315-98

(D)

334-1

-118227226

423279

157247

Cap-ital

gains/losses

(4)

3725

145-125

-9

114-27121-222

11044

-20136222

-252(D)11(D)

-101

218-1' 2(*)

222

1602

-519

-2038

4317

-272

With-holdingtaxes ondistrib-

utedearnings

(5)

13254441321

1072

(*)1

1044640

215

42231513

42(°)14(*)(D)

13(*)1

102

5(*)113

Interest (net ofwithholding taxes)

Net

(6)

2,20569

977200959

11318259

61

1,45049

753143506

81786

36045

326

406-4213750

261

572

49-10

16

584(*)

15158

376

U.S.affili-ates'pay-

ments

(7)

2,809140

1,021391

1,257

12719331065

1,893115787208783

82187

36246

326

619(D)

16585(D)

1543

507823

6342

15195

386

U.S.affili-ates're-

ceipts

(8)

6047144

191299

141814

443673465

278

4121

(*)

214(°)2835(D)

9721

886

5011

3711

Rateofre-

turn1

(9)

2.613.8

(*)

L9

-5.9173

-5.3.6

-4.2

3.817.9

.4131.8

5.914.14.5

-15.2-1.0

7.9(D)5.3

-1.9(D)

4.52.1463.6

15.7

2.35.02.1493.5

1983

6,4491,8661,1211,1942,267

107-193-27-17344

4,9642,1431,089

4511,281

2,0421,158

48395

306

2,254(D)

592-77

(D)

1,0953

54787359

283-87114

-27283

4,0281,785

200986

1,058

-7-218-37-22270

3,3162,087

325292612

1,221(D)8946(D)

1,669(D)

461-158

(D)

1,0613

-86807337

-34288-2

-92-161

3,4881,837

320945386

-128-176-40-20108

3,0612,094

450258259

1,085(D)8344(D)

1,630(D)

480-163

(D)

1,0543

-87807331

-50084-3100

-312

540-5312041

672

121-42

3-2162

255-712634

353

136(D)62

(D)

39(D)

-195

(D)

601

(*)6

158-4

19

152

12046391322

1182

(*)1

9437345

17

38(D)112

(")

41(D)141

(D)

10(*)172

51112

2,540127961222

1,231

12533125

74

1,74193

798164687

859(D)

40451(D)

62611

14482

389

45(*)33

-1224

6291

11765

446

3,066153

1,000371

1,542

13934235

77

2,134117825215977

877(D)

40551(D)

817(D)

166100(D)

128(*)336430

6662

11986

458

5262640

149312

14(*)11(*)3

392242751

290

18(*)(*)(*)16

191(D)2118(D)

83(*)(*)767

3612

2112

5.010.32.46.34.9

1.0-13.4

-.8-1.6

6.3

5.713.63.14.94.7

7.513.54.77.24.2

7.4(D)6.325(D)

10.5( 2 )

-3.311.518.0

1.4-9.8

1.9-1.6

2.4

* Less than $500,000 or 0.05 percent (±).D Suppressed to avoid disclosure of data of individual companies.1. Income divided by the average of the beginning- and end-of-year direct investment position.2. Rate of return is not defined because the average position for the year is negative.

nese-owned affiliates, particularlythose selling motor vehicles and con-sumer electronics; it mirrored theupturn in demand for consumer dura-bles that was associated with the U.S.economic recovery.

In contrast to the increases in otherindustries, earnings in petroleum fell,for the second consecutive year, to$1.8 billion, from $2.2 billion. The de-cline reflected weak worldwide petro-leum markets resulting from reces-sion-dampened demand in most devel-oped countries. Despite the decline,earnings of petroleum affiliates werelarger than the earnings of all otheraffiliates combined.

Net interest payments increased$0.3 billion, to $2.5 billion; the in-crease was concentrated in realestate. Net payments consisted of U.S.affiliates' gross payments of interestto their foreign parents of $3.1 billionand gross receipts of interest fromtheir foreign parents of $0.5 billion.

Fees and RoyaltiesU.S. affiliates had net receipts of

fees and royalties from their foreignparents of less than $0.1 billion in1983, unchanged from the previousyear (table 8). Affiliates' gross receiptsof $1.7 billion were almost offset bygross payments to their foreign par-ents.

In the 4 years for which data ongross payments and receipts are avail-able, gross receipts have risen muchmore rapidly than gross payments.Receipts, unlike payments, are con-centrated among relatively few affili-ates. Among them are several en-gaged in petroleum-related service ac-tivities. U.S. affiliates of foreign automakers also had large receipts thatreflected remittances from their for-eign parents for warranty work per-formed by the affiliates.

Technical NoteSince August 1983, when the last

annual article on foreign direct in-vestment in the United States waspublished, three major changes havebeen made to the data series. First,the series for 1980 forward have beenrevised to incorporate the results ofBEA's 1980 benchmark survey of for-eign direct investment in the UnitedStates; previous estimates for these



Table 8.—Foreign Direct Investment in the United States: Fees and Royalties[Millions of dollars]

All areas ...Petroleum ...ManufacturingWholesale tradeOther


Europe . ...PetroleumManufacturing ....Wholesale tradeOther


PetroleumManufacturingWholesale tradeOther . . . , .


JapanPetroleum . . . ,ManufacturingWholesale trade .. .Other

OtherPetroleumManufacturing ,Wholesale tradeOther

1982

Net

-67-15275

-433105

278215736

164

18326

1701352

-218126

-2

15-15

19-755

172-525

-139-52

-3575

23-316-58

U.S. affiliates' payments

Total

1,43890

536281531

44128

10257

254

75559

376112209

559

217

18

19825721586

1070

335420

1352

255949

Royal-tiesandli-

censefees

3984

19813561

10(*)334

3144

1787755

12(°)7

882(*)309

42

500

11372

24(*)

6181

Other1

1,04085

338146470

431289954

250

44155

19835

154

43(°)137

(D)

1162542

644

560

221618

1112

194148

U.S. affiliates' receipts

Total

1,505105261713426

1637

452190

57285

206125157

572792

20

18340912131

27958

19372

49172

375107

Royal-tiesandli-

censefees

691

39245

11(*)1

(D)<")

49(*)3693

101

(")0

250

(D)

(D)

40130

30

(*)(D)(D)

Other 1

1,436104222690420

1527

44(D)(D)

52384

169115153

562772

20

15840(D)20(D)

27457

19072

48872

(D)(D)

1983

Net

-5213

263-399

72

37223

11836

195

225-5176

252

32-5273

12

39-2

8(*)33

166(*)26

132-59

-4836

-57-305

115

U.S. affiliates' payments

Total

1,655125679289562

55356

16059

278

83466

422131215

741137

224

21525912376

117(*)386316

1514

583653

Royal-tiesandli-

censefees

47026

23615454

29(D)

22

(D)

3556

2148947

18(D)111

(D)

86(D)5011(D)

64(D)1745(°)

2203

182

Other1

1,18499

443135507

524(D)

15857(D)

47960

20842

168

56(°)261

(°)

130(D)4113(D)

53(D)2118(D)

1294

561851

U.S. affiliates' receipts

Total

1,706112416689490

18132422483

60971

246130163

4316105

12

17626842343

283(*)12

19575

6349

116340168

Royal-tiesandli-

censefees

701

4124

4

1101

(D)(D)

461

3653

101

(*)(*)

240

(D)1

(D)

1004

(D)(D)

30

(*)21

Other *

1,636in375665486

1693241(D)(D)

56469

210124160

4216105

12

15226(D)22(D)

273(*)8

(D)(D)

6309

115338167

"Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. Consists of service charges, rentals for the use of intangible property, and film and television tape rentals.

years were based on the 1974 bench-mark survey. Second, capital inflowsfor 1981 forward have been revised toinclude certain data from BEA'ssurvey of new foreign direct invest-ments in the United States. Third,unincorporated affiliates are now re-quired to report as much detail as in-corporated affiliates. As a result, thedefinitions of some of the componentsof the direct investment position, cap-ital inflows, and income have beenchanged.

Preliminary estimates for 1980 for-ward, incorporating the bulk of thesechanges, were published in two arti-cles—one on U.S. international trans-actions and the other on the U.S.international investment position—inthe June 1984 issue of the SURVEY.The estimates published in this arti-cle supersede the June estimates. InJune, the process of incorporating the1980 benchmark survey results intothe estimates was well underway, butwas not completed. To avoid delayingpublication of the international trans-

actions accounts and the internation-al investment position, preliminarydirect investment estimates, at ahighly aggregated level, were made.Since June, the benchmarking processhas been completed, and revised esti-mates for 1980 forward prepared. Al-though the revised estimates are pre-sented here, they will not be incorpo-rated into the international transac-tions accounts or the international in-vestment position until June 1985,when both will undergo customaryannual revisions.

Benchmark revisions

Coverage of the estimates.—Allseries now incorporate informationfrom the 1980 benchmark survey offoreign direct investment in theUnited States. The benchmark surveycovered the universe of U.S. affiliates.The larger affiliates in the universewere required to file complete reports,which included the balance of pay-ments and direct investment positiondata used to derive the estimates in

this article. The remaining affiliatesfiled only partial reports, which didnot include the balance of paymentsand position data.

Complete reports were requiredfrom affiliates that had total assets,sales, or net income of $1 million ormore or that owned 200 or more acresof U.S. land. Out of a total of 12,510U.S. affiliates, 7,676 filed complete re-ports. Although these affiliates ac-counted for only 61.3 percent of theuniverse in terms of number, they ac-counted for virtually all of it in termsof value—99.7 percent of total assets,99.9 percent of sales, 100.6 percent ofnet income, and 99.3 percent of acresof U.S. land owned. (The percentagefor net income exceeds 100 because af-filiates that filed only partial reportshad, in the aggregate, a net loss forthe year.)

In this article, the universe consistsof affiliates that filed complete re-ports—and thus provided balance ofpayments and direct investment posi-tion data—in the 1980 benchmark



survey. For the nonbenchmark yearsafter 1980, balance of payments andposition data were reported, but byonly a sample of these affiliates, inBEA's quarterly survey of foreigndirect investment in the UnitedStates. To obtain universe estimatesof most items in nonbenchmark years,an estimate had to be derived for af-filiates that were in the universe butnot in the sample. The estimation wasdone by extrapolating forward thedata of each of these affiliates basedon the movement of the reportedsample data. For 1981-83, the quar-terly sample consisted of U.S. affili-ates that had annual assets, sales, ornet income of $5 million or more; for1984 forward, the exemption level wasraised to $10 million.

Comparison of the quarterly andbenchmark survey data.—For affili-ates that reported in both the 1980quarterly sample survey and the 1980benchmark survey, the first step inthe benchmarking process was a com-parison and reconciliation of the datafrom the two surveys. It should benoted that, to ease the reportingburden on respondents, the bench-mark survey data were collected on afiscal-year, rather than a calendar-year, basis (see the next section forfurther discussion).7 Thus, the sum ofthe data for the four quarters corre-sponding to an affiliate's 1980 fiscalyear, as reported in the quarterlysurvey, was compared with the fiscal-year total reported in the benchmarksurvey. Any significant discrepancieswere investigated and resolved—usu-ally in favor of the fiscal-year totalfrom the benchmark survey, whichwas reported later and was subject tomore edit checks during processingthan the quarterly survey data. Toobtain quarterly estimates, the fiscal-year total (including revisions, if any)was, in most cases, allocated amongthe quarters in the same proportionsas in the quarterly sample data.

7. The reported fiscal-year data for the direct in-vestment position, capital inflows, income, and feesand royalties were published in tables I.1-L.3 in For-eign Direct Investment in the United States, 1980. Thatpublication also contains a methodology of the 1980benchmark survey, including basic concepts and defi-nitions of direct investment; tables presenting finan-cial and operating data of U.S. affiliates; and reprintsof the survey forms and instructions. Copies may beobtained from the Superintendent of Documents, U.S.Government Printing Office, Washington, DC 20402.Price $8.00; stock number 003-010-00123-2.

For affiliates that did not report inthe quarterly survey, such a compari-son beteen benchmark and quarterlysurvey data could not be made. Thefiscal-year data reported in the bench-mark survey were accepted withoutrevision. Quarterly estimates were ob-tained by dividing the annual total by4.

Adjustment of 1980 data from afiscal- to a calendar-year basis.—Before universe estimates for 1981onward could be derived, the fiscal-year data from the benchmark survey(including any revisions) had to be ad-justed to a calendar-year basis—thebasis required for recording U.S.international transactions. An affili-ate's 1980 fiscal year was defined asits financial reporting year that hadan ending date in calendar year 1980.About two-thirds of the affiliates hada fiscal year that coincided with thecalendar year; these affiliates' datarequired no adjustment. For the re-maining one-third, the specific adjust-ment procedure depended uponwhether or not the affiliate reportedin the 1980 quarterly sample survey.

For affiliates that did report in thequarterly survey, the data derivedfrom the benchmark survey for thosequarters of the fiscal year that alsofell in calendar year 1980 were firstisolated. These data were then addedto data from the quarterly survey forany remaining quarters of the calen-

dar year to obtain estimates for thecalendar year as a whole.

For affiliates that did not report inthe quarterly survey, the procedurediffered depending on the item beingestimated. For income and its compo-nents, except capital gains/losses, andfor fees and royalties, the data fromthe benchmark survey for fiscal year1980 were used as the estimates forcalendar year 1980. For equity capitaland intercompany debt—two compo-nents of total capital inflows—and forcapital gains/losses, the calendar-yearestimates consisted only of theamounts for those quarters of the af-filiate's 1980 fiscal year that werealso in the 1980 calendar year. Forany remaining quarters of the calen-dar year, the amounts were assumedto be zero.

The treatment of the latter items isconsistent with that in nonbenchmarkperiods, in which data for them arenot expanded to universe levels, butare included in the estimates only asactually reported in the quarterlysample survey. These items tend to bevolatile, with frequent sign reversals;thus, the reported sample data do notprovide a reliable basis for estimatingunreported data.

The revisions to reported bench-mark survey data and the adjustmentfrom a fiscal- to a calendar-year basisraised the direct investment position3.9 percent—from $80.0 billion to$83.0 billion (table 9). Income was

Table 9.—Comparison of Reported Fiscal-Year Data and Calendar-Year Estimates for 1980[Millions of dollars]

Line

1

23456

7g9

10111213

1415

16

171819

202122

Direct investment position . . .

Capital inflowsEquity capital, net

IncreasesDecreases

Reinvested earnings

Intercompany debt netIncreases in U S affiliates' payablesIncreases in U.S. affiliates' receivables 3

Income (11 16+17)Earnings

Capital gains/lossesEarnings before capital gains/losses

Distributed earningsReinvested earnings

Withholding taxes on distributed earnings . . . . .

Interest (net of withholding taxes), net ..U S affiliates' paymentsU S affiliates' receipts .. .

Fees and royalties net .US affiliates' paymentsU S affiliates' receipts

Reportedfiscal-year

data1

79,950

15 1768,8479,571

7243,931

2,39850402,642

7,2326,455

4156,040

2,5243931

116

8941257

363

5651,166

601

Calendar-year

estimates 2

83,046

169189,027

10,05810315,177

271344571,744

8,6357,77616026,173

2,5985177

118

9771377

400

4281,339

911

Difference

3097

1 742180487307

1,246

315583

-898

14031,3211 187

134

751246

1

8312037

137173310

1. As reported in the 1980 benchmark survey of foreign direct investment in the United States.2. Derived by adjusting the fiscal-year data from the 1980 benchmark survey to a calendar-year basis. See text for further

discussion.3. An increase in U.S. affiliates' receivables is a decrease in intercompany debt and, thus, a capital outflow.



raised 19.4 percent—from $7.2 billionto $8.6 billion—mainly because of anexceptionally large capital gain thatfell in the calendar year but not inthe affiliate's 1980 fiscal year. Capitalinflows were raised 11.5 percent—from $15.2 billion to $16.9 billion.This upward adjustment partly re-flected the impact on reinvested earn-ings of the exceptionally large capitalgain, and partly a fairly sizableupward adjustment in intercompanydebt.

Comparison of revised and previous-ly published 1980 estimates.—In table10, the calendar-year estimates for1980 based on the 1980 benchmarksurvey are compared with previouslypublished estimates for 1980 based onthe 1974 benchmark survey. The pre-viously published estimates were ob-tained by extrapolating forward uni-verse data from the 1974 benchmarksurvey (which were for the calendaryear), using sample data for interimyears.

Differences between the estimateson the 1974 and 1980 bases are quitelarge. On the 1980 basis, the direct in-vestment position, at $83.0 billion, is$14.7 billion higher than on the 1974basis. Capital inflows, at $16.9 billion,are $3.3 billion higher. In contrast,income on the 1980 basis is $0.8 bil-

lion lower, and fees and royalties $0.1billion lower, than on the 1974 basis.

All of the $3.3 billion upward revi-sion in capital inflows was accountedfor by affiliates that reported in the1980 benchmark survey but not in the1980 quarterly sample survey; revi-sions or corrections of errors in thereported sample data were negligible.As noted earlier, in the absence of abenchmark survey, no estimate of un-reported equity capital or intercom-pany debt inflows is made. Thus, thepreviously published estimates, whichwere prepared before the results ofthe 1980 benchmark survey becameavailable, included only equity capitaland intercompany debt inflows actual-ly reported in the 1980 quarterlysurvey. Of the unreported inflows,about three-fourths were accountedfor by affiliates that should have re-ported but did not, and about one-fourth were accounted for by exemptaffiliates. (Most of the former affili-ates, identified during the bench-marking process, have now begun toreport quarterly.)

Similarly, a large share—about two-thirds—of the upward revision in thedirect investment position, which con-sists of cumulative capital inflows andvaluation adjustments, was due to un-reported equity capital and intercom-

pany debt transactions from 1974 to1980. Most of the remaining one-thirdwas due to revisions or corrections oferrors in the reported sample data.

For income and for fees and royal-ties, the downward revisions were dueboth to revisions in reported sampledata and to overestimation of the un-reported part of the universe on the1974 basis.

Estimates for 1981 forward.—Asnoted earlier, for equity capital, inter-company debt inflows, and capitalgains/losses, the estimates for 1981forward consist only of the sampledata reported in the quarterly survey;no estimates are made for affiliatesthat did not report in that survey. Incontrast, for income and its compo-nents, except capital gains/losses, andfor fees and royalties, the estimatescover all affiliates.

For the latter items, the estimationprocedure used is designed to ensurecoverage as complete as that in the1980 benchmark survey. Thus, esti-mates had to be made for affiliatesthat filed complete reports in the 1980benchmark survey but did not reportin the quarterly sample survey, eitherbecause they were exempt from thequarterly survey or should have re-ported in that survey but, for somereason, did not. The estimates for af-

Table 10.—Comparison of Estimates for 1980 Based on the 1974 and 1980 Benchmark Surveys[Millions of dollars]

All areas . .PetroleumManufacturingOther

Canada .PetroleumManufacturing «Other

EuropePetroleumManufacturingOther


PetroleumManufacturingOther

United KingdomPetroleumManufacturingOther

Japan

ManufacturingOther

OtherPetroleumManufacturing . .Other

Direct investment position

1974basis

68,35112,36325,15930,829

10,0741,3085,1993,566

45,7319,766

16,06419,901

16,9098,3404,0584,512

12,242-3115,0107,542

4,22558

8373,330

8,3221,2303,0594,032

1980basis

83,04612,20032,99337,853

12,1621,8175,2275,118

54,68810,13721,95322,598

19,1409,2654,7775,098

14,105-2576,1598,203

4,723(D)

1,033(D)

11,472(D)

4,779(D)

Differ-ence

14,695-1637,8347,024

2,08850928

1,552

8,957371

5,8892,697

2,231925719586

1,86354

1,149661

498(D)

196(D)

3,150(D)

1,720(D)

Capital inflows

1974basis

13,6662,4564,2756,937

2,811365

1,583863

8,2621,7712,1054,386

4,1671,862

5591,746

2,438-4951,4561,477

732102141693

1,862423446993

1980basis

16,9182,1025,7559,061

3,278549

1,5051,224

9,8051,6943,3054,806

4,4321,873

5392,020

2,938-3001,3901,848

948(D)

190(D)

2,887(D)

756(D)

Differ-ence

3,252-3541,4802,124

467184

-78361

1,543-77

1,200420

2651120

274

500195

-66371

216(D)49(D)

1,025(D)

310(D)

Income

1974basis

9,4703,4672,3903,613

1,795151

1,334311

5,7572,875

6872,196

3,360(D)

343(D)

1,36816

3121,039

722(D)40(D)

1,195(D)

329(D)

1980basis

8,6352,8652,4013,369

1,850141

1,216493

5,1062,607

6281,871

3,2012,433

351417

1,284-16349951

6793

28648

999113530356

Differ-ence

-835-602

11-244

55-10

-118182

-651-268-59

-325

-159(D)8

(D)

-84-32

3788

-43(D>

-12(D)

-196(D)

201(D)

Fees and royalties

1974basis

51435

358121

166-943

131

58230

295257

6(D)3

(D)

2242242

160

-84-114

-97

-151156

-172

1980basis

42848

277103

1741323

138

49632

226238

635

-2

1891530

144

-812

11-94

-1621

16-179

Differ-ence

-8613

-81-18

822

-207

-862

-69-19

(*)(D)

2(D)

-35-7

-1216

3333

-11-14

10-7

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



filiates that did not report in thequarterly survey are then added tothe reported data of affiliates that didreport to obtain the universe esti-mates.

For most nonreporting affiliates,the estimate for the current period isthe product of two factors: (1) theprior-period estimate for the affiliateand (2) the ratio of current- to prior-period data for a matched sample ofaffiliates—i.e., affiliates that reportedin both the prior and current peri-ods—that are in the same industry asthe affiliate whose data are being esti-mated. The multiplication of the firstfactor by the ratio essentially as-sumes that, in the given industry,data for each nonreporting affiliatechange at the same rate as data foraffiliates in the matched sample.

In four instances, the calculatedratio for the matched sample was notused in estimating data for nonreport-ing affiliates. First, the largest nonre-porting affiliates were scrutinized in-dividually and, where available infor-mation suggested that applying theratio would give an erroneous result,an alternative estimate was made.Second, if the ratio was biased by thedata for one or two large reporters, orwas unrepresentative because of lowcoverage, it was adjusted before beingapplied. Third, if the calculated ratiofor earnings was undefined because itwas derived from numbers of oppositesign, a substitute ratio was developed.Fourth, if a ratio for earnings was de-rived from numbers of the same sign,but was to be applied to numbers ofthe opposite sign, the results wouldnot have been meaningful; in thesecases, the calculated ratio was invert-ed before being applied, as discussedbelow.

This procedure for expandingsample data to universe levels differs,in several respects, from that used inthe past:

1. For all items except distributedearnings, the "prior period" is nowdefined as the immediately precedingquarter; for distributed earnings, it isthe same quarter of the precedingyear. In the past, the "prior period"was the same quarter of the preced-ing year for all items.

The past procedure took into ac-count the impact of seasonal vari-ations on the estimates. Review of theestimates over time, however, now in-

dicates that, despite seasonal vari-ations, current-period data for allitems except distributed earningstend to be estimated more accuratelyusing data for the immediately pre-ceding quarter than for the samequarter of the preceding year. For dis-tributed earnings, in contrast, datafor the current quarter bear a muchstronger relationship to those for thesame quarter of the preceding year,because affiliates often make earningsdistributions only once a year andusually in the same quarter eachyear.

2. The ratios of current- to prior-period data for affiliates in thematched sample are now calculatedfor 14 industries, instead of for amatrix of 11 industries of affiliate by19 areas or countries of foreignparent. The more aggregated levelnow used reduces the likelihood thata ratio will be unrepresentative be-cause it is based on data for only afew affiliates. Also, ratios are nolonger computed by country, becausean affiliate's industry and the eco-nomic conditions in the United Stateshave been found to be more impor-tant than the country of the affiliate'sforeign parent in explaining changesin income and in fees and royalties.

3. In a given industry, a separatecurrent-period estimate for each non-reporting affiliate is now obtained byapplying the ratio of current- to prior-period data for affiliates in thematched sample to the prior-periodestimate of each nonreporting affili-ate. Previously, an aggregate current-period estimate for all nonreportingaffiliates in a country-industry cellcombined was obtained by applyingthe ratio for the given country-indus-try cell to the aggregate prior-periodestimate for all nonreporting affili-ates in the cell. Thus, only an esti-mate for the cell as a whole was ob-tained; no detail below that level wasavailable. The new procedure has theadvantage that universe estimates infull country and industry detail, andfor any combination of countries orindustries, can be obtained.

4. As noted earlier, data for capitalgains/losses are now included in theestimates of earnings and income onlyto the extent they are actually report-ed in the quarterly sample survey.Previously, capital gains/losses wereexpanded to universe levels as part ofthe expansion of total earnings.

5. Separate estimates are derivedfor payments and receipts of intereston intercompany debt and for pay-ments and receipts of fees and royal-ties. In the past, universe estimateswere derived only for net payments(that is, payments less receipts).

6. A new procedure has been estab-lished to deal with cases in which theratio of current- to prior-period earn-ings of affiliates in the matchedsample is derived from numbers thatare of the same sign, but the ratio isto be applied to an individual affili-ate's earnings that are of the oppositesign. In such cases, the results are notmeaningful. The new procedure re-quires that the ratio be invertedbefore it is applied. The inverted ratioyields an estimate that moves in thecorrect direction and that usuallyshows an appropriate degree ofchange. In the past, a less formal pro-cedure was used. Sign reversals, how-ever, were not as much of a problemin the past, when the ratios were ap-plied to aggregate data in a country-industry cell rather than to data forindividual affiliates; earnings of indi-vidual affiliates tend to be more vola-tile than those for an aggregate.

Data on capital inflows to acquire orestablish new U.S. affiliates

BEA's survey of new foreign directinvestments in the United States (theBE-13), which was instituted in 1979,collects data on total outlays to ac-quire or establish new U.S. affiliates.These data are used to supplementthe data on capital inflows reportedin the quarterly sample survey. Asnoted earlier, no estimate of equitycapital inflows is normally made foraffiliates that are exempt from thequarterly survey. Because newly es-tablished or acquired affiliates tend tobe relatively small, many of them areexempt. The BE-13 data indicate thatequity capital inflows to acquire or es-tablish such exempt affiliates, al-though small for any given affiliate,were large in total during 1981-83.Therefore, quarterly estimates ofthese unreported inflows were madeutilizing the BE-13 data.

Total outlays to acquire or establishnew U.S. affiliates would constitutedirect investment capital inflows ifthey were made directly by foreignparents. (They would also constitutecapital inflows if they were made in-



Table 11.—Direct Investment Position, Capital Inflows, and Income of Incorporated and Unincorporated Affiliates[Millions of dollars]

Line

12345

67g9

10111213

141516171819

Direct investment positionEquity l

Intercompany debt netU S affiliates' payablesU S affiliates' receivables

Capital inflowsEquity capital, net

IncreasesDecreases

Reinvested earningsIntercompany debt net

Increases in U S affiliates' payablesIncreases in U S affiliates' receivables 2

Income (15 18+19)Earnings .

Distributed earnings ... . ... .Reinvested earnings

Withholding taxes on distributed earningsInterest (net of withholding taxes)

Total

8304665,7131733325,7718439

16,9189,027

10,0581,0315,17727134,4571744

8,6357,7762,5985177

118977

1980

Incorpo-rated

affiliates

75,06759,3521571523,9718,256

15,1157,7438,237

4945,1112,2613,9721,710

7,5136,7331,6225,111

115895

Unincor-poratedaffiliates

79806,36216181,800

182

1,8031,2851,822

53766

45248533

1,1221,043

976662

82

Total

107 59082,6802491033,8018891

24,40114,05815,1631,1052,76675778,030

453

6,7215,5502,7852766

1001,271

1981

Incorpo-rated

affiliates

97 7567463923117317348617

2258512,10512898

793307874027,763

361

6,0064,9161,8383078

991,188


9 8348,04117932,067

275

18151,9532266

312-313

17526792

716634946313

183

Total

123 590920233156740,3188750

13,8429,597

119042,307

-2,41266576,516

141

3,050977

3,3902412

1322205

1982

Incorpo-rated

affiliates

113 155835782957737,9928415

13,2488,433

10,4692,0361,64564606,258

202

2,736783

24281645

1312,084


10435844519902326

336

5941,1641434

270-767

19725861

313194961767

1121

Total

135 31399,7793553446,13810604

11,4416,8468,2151,369

62839675,8211854

6,4494,0283,400

628120

2540

1983

Incorpo-rated

affiliates

124 23390,7733345943,70810249

10,7995,96969821,014

94838825,7161834

54233,1242175

948119

2418


11 080900520752,430

355

642877

123235532085

10419

1,026905

1225320(*)

122

*Less than $500,000 (±).1. Includes additional paid-in capital and retained earnings.2. An increase in U.S. affiliates' receivables is a decrease in intercompany debt and, thus, a capital outflow.

directly by the foreign parentsthrough their existing U.S. affiliates,but the inflows probably would havebeen reported in the existing U.S. af-filiate's quarterly report.) The BE-13survey indicates that direct outlays byforeign parents to acquire or establishU.S. affiliates that were exempt fromthe quarterly sample survey were$977 million in 1981, $663 million in1982, and $314 million in 1983. Thesedata were added to direct investmentcapital inflows reported in the quar-terly surveys for the 3 years; for anygiven affiliate, the data were includedin inflows in the quarter in which theacquisition or establishment occurred.Similar adjustments, based on theBE-13 data, will be made to capitalinflows in future years as well.

Change in treatment of unincorporat-ed affiliates

For 1980 forward, the treatment ofunincorporated U.S. affiliates hasbeen changed to parallel that of incor-porated U.S. affiliates, because BEAnow obtains similar detail for bothtypes of affiliates. This change is pos-sible because, over time, the account-ing procedures of the two types of af-filiates have become more similar.The change in treatment affects onlyindividual components, not the totals,for the direct investment position,income, and capital flows.

Previously, the direct investmentposition in unincorporated affiliates

was reported as a single summary ac-count, including both foreign parents'equity in, and intercompany debtwith, these affiliates. Now, the compo-nents are reported separately. Theequity portion is combined withequity in incorporated affiliates andshown as the foreign parents' equityin all affiliates; the intercompanydebt portion is combined with inter-company debt of incorporated affili-ates and shown as the foreign par-ents' intercompany debt position withall affiliates.

In addition, reinvested and distrib-uted earnings of unincorporated affili-ates previously were not reported sep-arately. Instead, in the income ac-count, total earnings of these affili-ates were treated as if they were dis-tributed; in the capital account, earn-ings actually reinvested were treatedas transfers of cash or other assetsfrom parents to affiliates and were in-cluded, along with other capital flows,in a single summary account in the"equity and intercompany accounts"component of direct investment cap-ital flows. The term "reinvested earn-ings" referred only to incorporated af-filiates. Now, in contrast, reinvestedand distributed earnings of unincorpo-rated affiliates are reported separate-ly. The distributed portion is includ-ed, together with dividends of incorpo-rated affiliates, in distributed earn-ings of all affiliates, and, in both theincome and capital accounts, the rein-vested portion is included, together

with reinvested earnings of incorpo-rated affiliates, in reinvested earningsof all affiliates.

Finally, capital flows to unincorpo-rated affiliates, which—as noted earli-er—were previously shown togetheras a single summary account inequity and intercompany accountflows, have now been split into theequity, intercompany debt, and rein-vested earnings portions, and eachportion is combined with that for in-corporated affiliates to obtain a totalfor all affiliates. In the few caseswhere equity capital of an unincorpo-rated affiliate could not be separatedfrom intercompany debt, the entireamount was considered equity capital.

Because the totals for the direct in-vestment position, income, and capitalinflows are not affected by the changein treatment of unincorporated affili-ates, the estimates of these items for1980 forward are comparable withthose for earlier years. However, thecomponents of these items are notcomparable. Estimates of the compo-nents on the new basis for earlieryears cannot be made because thenecessary detail for unincorporatedaffiliates is not available. For 1980forward, however, estimates on thenew basis are separately available forboth incorporated and unincorporatedaffiliates (table 11).

Tables 12-35 follow.



Table 12.—Foreign Direct Investment Position in the United States, 1980[Millions of dollars]

All countries

Canada

Europe

European Communities (10) ..BelgiumFranceGermany .ItalyLuxembourg . .NetherlandsUnited KingdomDenmark, Greece and Ireland

Other EuropeSwedenSwitzerlandOther

Japan

Australia, New Zealand, and South Africa

Latin America

South and Central AmericaPanamaOther

Other Western HemisphereBermudaNetherlands AntillesUK Islands CaribbeanOther

Middle EastIsrael .. .Other

Other Africa, Asia, and Pacific

Memorandum OPEC

Allindus-tries

83,046

12,162

54,688

47,1071,5543,7317,596

408261

19,14014,105

3117,5821,6705,070

842

4,723

428

9,678

1,260811449

8,418727

6,651640400

916324592

450

642

Min-ing

1,320

449

765

676<°)2651-1(°)

498(D)0

890

(D)(°)

4

-3

105

000

1050

106O0

000

0

0

Petro-leum

12,200

1,817

10,137

9,922(D)42955

-19,265-257

(D)216(D)43(D)

-232

(D)

413

60(D)(D)

353(D)

133(D)

132

C)0

O

(D)

(D)

Manufacturing

Total

32,993

5,227

21,953

17,714388

2,2913,875

5085

4,7776,159

874,239

9943,116

130

1,033

87

4,571

21218825

4,359213

3,771184191

832756

38

51

Foodand

kindredprod-ucts

4,869

(D)

2,088

1,501O

11143(°)(°)

2251,098

2587

1586O

98

4

101

(D)3

(D)(D)0

(D)0

O(D)(°)0

(D)5

Chemi-cals and

alliedproducts

10,439

116

8,163

6,943185633

1,815<">0

2,0022,301

(D)1,220

671,154

]_

224

5

1,929

110(D)(D)

1,820(°)

1,7020

(D)

101

O

2

Primaryand

fabricat-ed

metals

3,576

801

2,194

1,767157555333

5(D)

170524(°)

427148264

15

78

44

412

62(D)(D)

350(D)(D)(D)

0

(D)0

(D)(D)(D)

Machin-ery

6,988

1,173

4,463

3,1166

61832

142

1,0941,097

101,347

61368153

318

-2

1,027

(°)(D)

-18(°)(D)(°)10(D)

o0o8

6

Othermanu-

facturing

7,121

(D)

5,044

4,38640

932851

(D)(D)

1,2871,140

6565816643062

315

36

1,101

55(D)(°)

1,04766(D)(°)

(D)(D)(D)

20

(D)

Whole-sale

trade

11,560

1,013

6,218

5,04469

6931,234

20795

1,3071,345

931,174

418434321

3,177

161

925

954946

830(D)

367(D)47

(D)(D)(D)

(D)

(D)

Retailtrade

3,650

198

3,029

2,9347959

14734

2462,396

096(D)(D)12

78

(D)

314

27189

2883

2617

17

(*)0

O

(D)

O

Bank-ing

4,617

377

2,810

2,544(D)

3353287P)

6841,269

38266

6126134

645

29

295

(D)(°)

256(D)0

(D)(D)O

23415678

227

96

Finance,except

banking

1,319

362

1,119

991(°)59

2181918

412(D)0

128(°)

163(°)

(D)

(D)

205

O2

-2205(D)

150(D)(D)

151(D)(°)

54

14

Insur-ance

6,091

873

4,744

3,855(D)60

998420

7531,993

(°)888(D)

744(D)

(D)

(n)

361

(D)(D)(D)(D)36(D)00

000

4

0

Realestate

6,120

1,158

2,254

2,1194

24493

423

999569

2135

08056

264

56

1,979

23317162

1,74661

1,437228

20

(D)0

(D)

(D)

300

Otherindus-tries

3,176

690

1,660

1,3097

143452

24

19846438

35128

27548

270

24

507

762749

43236

380(D)(")

10-313

15

26

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

Table 13.—Foreign Direct Investment Position in the United States, 1981[Million of dollars]

All countries

Canada

Europe .

European Communities (10)BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited KingdomDenmark Greece and Ireland


Japan ...


Latin America..



Middle EastIsraelOther


Memorandum — OPEC

Allindus-tries

107,590

11,870

71,945

63,7311,8915,8339,239

808290

26,80018,471

3998,2151,6905,4581,067

7,688

686

11,300

1,401897504

9,899688

8,196726289

3,586312

3,273

515

3,335

Min-ing

2,152

1,079

1,014

940(D)29(D)

5231

146(°)0

740

(D)(°)

4

-8

63

000

630

6410

000

0

0

Petro-leum

15,193

1,744

12,854

12,579(D)6932(D)(°)

11,547-124

(D)275

(D)84(°)

-78

38

622

78(D)(D)

544(D)

242(D)

191

(D)0

(D)

(D)

(D)

Manufacturing

Total

40,334

3,263

30,852

26,331399

4,8254,212

5681

9,0467,588

1234,5201,0383,261

221

1,320

295

4,492

29325043

4,199164

4,019151

87(°)(°)

25

49

Foodand

kindredprod-ucts

5,667

76

5,187

4,435(°)

19132(D)(D)(D)

1,4782

752(D)(°)3

165

(D)

228

532

2230

(D)2

(D)

(D)(°)

0

8

6

Chemi-cals and

alliedproducts

13,694

96

11,307

10,023179(D)

1,963(D)0

2,0772,725

(D)1,283

791,205

(*)

249

6

2,036

(°)(D)(D)(°)(°)(°)(*)12

202

-1

-3

Primaryand

fabricat-ed

metals

4,534

1,022

2,678

2,109(°)

534343

2(D)(°)

7072

569(D)(°)

104

121

(D)

425

74(D)(°)

351(°)(D)(D)(D)

(D)0

(D)

(D)

(D)

Machin-ery

8,067

1,064

5,394

4,125(D)(D)

1,08123(°)

1,5371,390

101,269

66056246

414

3

1,195

(D)(°)19(°)(°)(D)10(D)

(*)0

(*)-3

-8

Othermanu-

facturing

8,372

1,005

6,286

5,64038

939794

19(D)

2,4141,287

(D)64716941068

372

42

608

70(D)(D)

539(°)

528(D)0>)

(D)(D)(°)

(D)

(D)

Whole-sale

trade

15,501

1,099

7,927

6,729128671

2,1399185

1,3432,159

1121,198

359494345

4,975

151

1,249

-38-14-24

1,288(°)

838(°)54

(D)(°)(°)

(D)

(D)

Retailtrade

4,238

256

3,541

3,39783(D)

1572

(D)440

(D)0

144(D)(0)35

70

(D)

315

26223

289(°)

271(D)22

(*)0

(*)

(D)

(*)

Bank-ing

6,531

469

3,998

i 3,649(D)

418150101(D)

860(D)50

349(D)(D)

187

1,155

30

347

(D)(°)

288(°)

0(D)26-2

28219191

251

122

Finance,except

banking

1,227

356

710

569(D)(D)(°)(D)(°)

631263

0141(D)

154(D)

(D)

(D)

601

402

38562(")

369(°)

-22

(D)(D)(")

(D)

(D)

Insur-ance

6,972

879

5,484

4,588(D)52

1,06600

1,0822,356

(D)896

(D)760

(D)

(D)

(D)

418

(D)(D)(D)(°)(D)(D)00

000

4

0

Realestate

8,889

1,770

3,675

3,4509

24651

428

1,5071,220

7225

015075

302

55

2,566

26818583

2,298111

1,88026543

3620

362

160

373

Otherindus-tries

6,554

955

1,890

1,4989

212460

47

19857930

39232

30555

383

52

627

902961

53655

456223

2,638-5

2,642

10

2,654

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




All countries

Canada

Europe

European Communities (10) .BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited KingdomDenmark, Greece, and Ireland

Other EuropeSwedenSwitzerland . . . .Other

Japan


Latin America

South and Central AmericaPanama . . . . . . . . . .Other

Other Western HemisphereBermudaNetherlands AntillesU K Islands CaribbeanOther



Memorandum OPEC

Allindus-tries

123,590

11,435

82,767

73,5401,9085,6669,6831,105

34725,99428,386

4519,2271,7316,3911,105

9,679

838

13,833

2,7632,135

62811,070

9789,205

663223

4,404428

3,976

635

4,047

Min-ing

1,807

618

1,181

1,046(°)(D)

187519(*)68(°)0

1360

(D)(D)

4

(*)

4

000405

-10

000

0

0

Petro-leum

17,619

1,509

15,062

14,775(°)8846(D)(D)

8,1005,429

(°)287

(D)111(D)

121

22

905

103976

802(°)

328(°)

111

160

16

-16

9

Manufacturing

Total

44,100

3,428

33,146

28,490388

4,9424,220

10688

9,8728,763

1124,656

9693,537

150

1,636

384

5,349

1,3251,286

394,024

2363,761

28-1

76(°)(°)

83

30

Foodand

kindredprod-ucts

6,586

96

6,008

5,116(D)

20823(D)(°)(°)

1,844(*)

892(0)

«3182

5

222

734

2143

2102

-2

(D)(")

0

(D)

5

Chemi-cals andallied

products

14,431

170

11,847

10,404185

2,9121,969

(°)0

2,2373,087

(D)1,444

921,354

2

256

1

2,155

317(D)(D)

1,838(°)

1,788(D)14

202

(*)

(*)

Primaryand

fabricat-ed

metals

5,233

1,025

2,497

2,054134520307(*)(D)(°)

768(D)

443(D)(D)46

117

291

1,283

(D)(D)(D)(D)(D)(D)(°)(*)

(D)0

(D)

(D)

(D)

Machin-ery

8,398

875

5,760

4,566(D)75

1,17879(D)

1,8081,415

91,193

58556246

432

3

1,325

(D)(D)16(°)9

(°)18(D)

404

-1

3

Othermanu-

facturing

9,452

1,262

7,033

6,34932

1,227742

19(D)

2,5441,648

(D)68415946858

649

83

365

37469

32864

271(D)(D)

(D)(D)(°)

(D)

(D)

Whole-sale

trade

17,699

1,067

8,671

7,472139629

2,142197110

1,2742,844

1381,198

436491271

6,089

181

1,525

738410

1,451265

1,00412558

(D)1

(°)

(D)

(D)

Retailtrade

4,957

310

4,015

3,89476

244178

2(D)

582(D)0

121(°)(D)35

154

21

368

3027

2339

1324

923

(*)0

(*)

88

(*)

Bank-ing

7,883

524

4,906

4,537(D)

411159260(D)

1,3852,147

63369

(D)(D)

186

1,300

37

465

(D)(D)

380(D)0

(D)(D)-3

376246130

275

204

Finance,except

banking

2,301

350

1,525

1,248(D)(D)

351(D)57

972891(*)

277(D)

171(°)

-567

(D)

799

724

792(D)

673(D)

-22

(D)(D)

9

17

(D)

Insur-ance

7,772

737

6,374

5,026(D)70

1,046(D)

01,2522,624

(°)1,348

(°)1,195

(D)

162

(D)

495

(D)(D)3

P)(D)(D)00

000

(D)0

Realestate

11,397

1,882

5,035

4,6511124

7805

291,7422,051

11384

030084

394

60

3,273

31321698

2,959119

2,54723855

5420

542

212

551

Otherindus-tries

8,055

1,010

2,852

2,4029

239574

412

746780

37451

3435463

386

73

652

11510

10553744

468233

(D)5

(D)

(D)

(D)



All countries

Canada

Europe

European Communities (10)BeltriurnFranceGermanyItalyLuxembourgNetherlandsUnited KingdomDenmark Greece and Ireland

Other EuropeSweden .SwitzerlandOther. ..

Japan .


Latin America . . .


Other Western HemisphereBermuda <Netherlands AntillesU K Islands CaribbeanOther


Other Africa Asia and Pacific

Memorandum OPEC

Allindus-tries

135,313

11,115

92,481

82,2172,1986,045

10,4821,254

31628,81732,512

59310,2642,0677,1321,065

11,145

945

14,379

2,8522,128

72411,527

8499,546

906225

4,435450

3,985

814

4,058

Min-ing

1,910

611

1,244

1,081(D)(D)

198519-165

1000

162(*)(D)(D)

(D)

4

47

000

4705

-244

000

(D)0

Petro-leum

18,458

1,374

16,565

16,178(D)79-4(D)(D)

9,0145,922

(D)387321633

-325

69

783

137(°)(D)

6461543636168

404

-12

2

Manufacturing

Total

47,803

3,337

36,983

31,750509

5,7214,366

29786

10,7619,888

1205,2331,0164,057

160

1,682

366

5,219

1,1221,077

444,097

2753,767

70-16

8195

-14

136

-9

Foodand

kindredprod-ucts

7,361

56

6,759

5,845(°)

22827(')(*)(*)

2,100(*)

914(")(D)6

191

6

240

734

232(°)P)i-2

(D)(°)P)

(D)

6

Chemi-cals andallied

products

16,101

144

13,828

12,144(°)

3,2292,168

(°)0

2,7313,523

(D)1,685

741,615

4

293

6

1,833

178(D)(°)

1,655P)

1,586(°)12

101

-4

-3

Primaryand

fabricat-ed

metals

5,424

1,302

2,457

2,066(°)

556322

4(D)(D)

6912

391(°)(D)35

119

258

1,303

(D)(°)(°)(D)P)(°)(°)-2

(D)(D)(°)

(D)

-10

Machin-ery

8,488

882

5,713

4,584(*)94

1,062712

1,8781,459

181,130

557521

52

473

7

1,407

(°)P)-9(D)9

(D)17(")

404

1

3

Othermanu-

facturing

10,429

953

8,225

7,11236

1,614788

16(D)

2,3992,116

(D)1,113

19784472

606

89

436

43385

39355

356(D)(°)

89945

32

-5

Whole-saletrade

20,006

984

9,769

8,447181687

2,43115476

1,3773,396

1451,322

540469314

7,625

165

1,314

3510

-451,349

20292318836

(D)(D)(°)

(D)

102

Retailtrade

5,052

333

4,084

3,963(D)(D)

2421

(D)709

2,9190

1212

8238

123

27

426

42339

3841

3711224

303

55

(D)

Bank-ing

8,801

491

5,672

5,229(D)

478256286

(D)1,5242,393

(D)443

(D)(D)

196

1,351

32

544

(°)(D)

452(D)0

(D)(°)-2

421280141

290

231

Finance,except

banking

2,388

285

1,400

1,184(D)

-1,539413(D)62

1,0371,032

1216-21219

18

(D)

(D)

932

119(D)(D)

8131

541293-22

(D)(°)(D)

(D)

-1

Insur-ance

8,310

637

6,913

5,422(D)72

1,170(D)0

1,3172,815

(°)1,491

P)1,328

(D)

174

(D)

580

(")(D)3

(D)55(D)(°)0

000

(D)0

Realestate

13,946

2,106

6,638

6,2241028

8153

252,1893,140

12414

032490

457

61

3,816

379275103

3,437108

2,97327383

5970

597

271

610

Otherindus-tries

8,639

957

3,212

2,7385

349594

514

82390642

47445

35376

490

157

719

13516

15258354

495269

(D)(D)(D)

(D)

(D)




Table 16.—Foreign Direct Investment in the United States: Capital Inflows, 1980[Millions of dollars; outflows (—)]

All countries

Canada

Europe



Japan ,


Latin America

South and Central AmericaPanama ....Other

Other Western HemisphereBermudaNetherlands AntillesU K. Islands CaribbeanOther



Memorandum — OPEC

Allindus-tries

16,918

3,278

9,805

8,661263675219992

4,4322,938

371,144

265719161

948

77

2,301

327210117

1,974249

1,406188132

23432

202

275

240

Min-ing

377

195

152

138(D)-121-1-2119(D)0

140

(D)(D)

4

(D)

35

000

350

36(*)0

000

(D)0

Petro-leum

2,102

549

1,694

1,734(D)

61

-5-2

1,873-300

(D)40(D)6

(D)

(D)

(D)

(D)

(D)(D)(*)80-711(D)(°)

(*)0

(*)

61

17

Manufacturing

Total

5,755

1,505

3,305

2,85573

559250

612

5391,390

2644921718844

190

7

749

-28(*)

-27777

(D)600

8(D)

12(D)(D)

-12

(*)

Foodand

kindredprod-ucts

2,141

1,342

783

7211

10621

(*)42

5692

61(*)64-3

30

1

-9

(D)(D)(D)(D)(*)(D)0

-1

(*)(*)0

-6

(*)

Chemi-cals and

alliedproducts

809

32

662

724(D)66

154(*)

0227215

(D)62(D)(°)(*)

32

(*)

85

20(D)(D)

105(°)(D)

06

202

-5

-1

Primaryand

fabricat-ed

metals

618

12

537

3457

7248(*)

512

2132

192(°)(D)

7

3

8

59

2(D)(D)61(D)43(D)(*)

-10

-1

(*)

-1

Machin-ery

918

122

356

1683

27441

(*)14734(*)

18755

12111

71

-5

368

(D)(D)5

(D)1

(D)(D)(D)

(*)0

(*)

6

1

Othermanu-

facturing

1,269

2

967

897(D)

28990

46

110358

(D)70311228

54

2

245

-3-1-224852

180161

10(D)(D)

-7

1

Whole-sale

trade

1,732

64

44

108-53

42-437

83-6481

-1321

1524

9652

1,045

32

320

1219031

199(D)659

(D)

(D)-3(D)

(D)

143

Retailtrade

1,397

50

1,211

1,20343

211(D)(*)

176(D)(*)

8(D)(D)(D)

5

3

116

972

1076

9074

(*)0

(*)

12

(*)

Bank-ing

1,089

129

683

593(D)84

-14182

(D)115

4901

2761

67

8

108

77(*)77310

(D)(D)-2

46405

48

6

Finance,except

banking

656

125

645

575(D)2340(D)-5166368

0704

597

(D)

2

79

-65

-285(D)37(D)(D)

(D)(D)(D)

(D)

(D)

Insur-ance

1,327

255

1,016

762(*)11

11650

256372

1254(D)

213(D)

23

(D)

(D)

(D)(D)(*)32(D)(D)

00

000

(*)0

Realestate

2,002

356

826

80511

136(*)5

451210(*)2108

13

73

13

645

614319

58337

478635

310

31

58

36

Otherindus-tries

481

50

229

1031

77971

-5(D)

-62(D)

12610

10115

47

5

139

311417

108-812710-1

17(D)(D)

-7

(D)


Table 17.—Foreign Direct Investment in the United States: Capital Inflows, 1981[Millions of dollars; outflows (-)]

All countries

Canada

Europe

European Communities (10)BelgiumFrance ..GermanyItalyLuxembourgNetherlands ..United KingdomDenmark Greece and Ireland


Japan


Latin America

South and Central AmericaPanama . ...Other

Other Western HemisphereBermudaNetherlands Antilles . ...U K Islands CaribbeanOther



Memorandum — OPEC

Allindus-tries

24,401

1,998

14,732

14,005323

1,9591,638

37435

5,1904,406

80727

7483236

2,960

272

1,700

1387563

1,56248

1,417254-62

2,66012

2,672

80

2,685

Min-ing

833

171

708

723-1

3(D)

524(D)

106-4

0-15

0(D)(°)

(*)

-4

-42

000

-420

-41(*)

0

000

0

0

Petro-leum

3,109

53

2,689

2,628(D)27

-64(D)(D)

2,282114(D)6121422

154

(D)

212

19117

193(D)

111(D)59

(D)0

(D)

-35

(D)

Manufacturing

Total

7,487

658

6,292

5,94711

2,520356-13

51,6521,379

37345

3920996

287

224

36

816319

-4538

132-1

-138

4(D)(D)

-13

-2

Foodand

kindredprod-ucts

957

(D)

800

635(D)7611(D)(*)(D)

380(*)

165(D)(D)3

67

(D)

16

(D)(*)(D)(D)0

(D)2

(D)

(D)(D)0

(D)

(*)

Chemi-cals and

alliedproducts

3,210

-20

3,098

3,035-5(D)

152(D)

075

3823

6412511

25

1

107

(D)(D)(D)(D)(D)(°)-2(D)

101

-2

-1

Primaryand

fabricat-ed

metals

992

270

454

312(D)

-218

-3(D)(D)

204(°)

142(D)(D)89

43

(D)

13

154

11-2(D)

-121

(D)

303

(D)

1

Machin-ery

1,074

-110

925

967(D)(D)

249-9(D)

427287(*)4244

-84-2

96

5

170

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

(D)

(*)0

(*)

-11

-2

Othermanu-

facturing

1,253

(D)

1,014

998-3

7-42

(D)8

868126(D)16286

56

6

269

17(D)(D)

-286(D)(D)-2(D)

(D)(D)(D)

(D)

(*)

Whole-sale

trade

3,590

96

1,404

1,33245

-19881

-124-6

-274816

1272

-5910031

1,796

-10

271

-133-63-70404(D)

415(D)6

(D)(*)(D)

(D)

-33

Retailtrade

581

58

506

4574

(D)10(*)(D)

194(D)0

49-22824

1

5

5

1-1

23

(D)15(D)3

(*)0

(*)

15

(*)

Bank-ing

1,910

96

1,185

1,097(D)82

114143

176(D)1289(D)(D)52

509

2

46

(D)(D)32(D)06

(D)-2

483414

24

26

Finance,except

banking

-92

-5

-409

422-24

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

219(D)

013(D)9

(D)

(D)

(D)

396

39(*)40

357(D)

219140(D)

(D)(D)(D)

(D)

(D)

Insur-ance

878

4

741

733(D)-568(D)

0329360(D)8

(D)16(D)

(D)

(D)

56

(D)(D)(*)(D)(D)500

000

(*)0

Realestate

2,734

602

1,385

1,3125

-1165(*)

5502631

5730

5419

38

-2

612

341420

57830

4913621

(D)0

(D)

(D)

61

Otherindus-tries

3,371

265

231

1991

767133

1071

32-5307

110

28

108

152

13931964(D)(D)

2,632-1

2,634

-4

2,632





All countries .. ..

Canada . .

Europe


Other EuropeSwedenSwitzerlandOther . . .

Japan


Latin America


Other Western HemisphereBermuda ,Netherlands AntillesU K Islands CaribbeanOther

Middle East

IsraelOther ...


Memorandum — OPEC

Allindus-tries

13,842

-1,439

10,610

9,58827

-199427337

523,5105,383

521,021

4391464

1,987

142

1,621

437314123

1,18430499543

-72

806

94711

116

719

Min-ing

-1,375

-1,491

167

105-1(D)(D)

-1-77

40

620

(°)(°)

(*)

8

-60

000

-600

-59(*)

0

0

00

0

0

Petro-leum

2,426

-234

2,206

2,194(D)1914(D)-4977

1,1271412(")27(°)

199

-16

283

25(D)(D)

258(D)87(°)

-80

(D)

0(°)

(D)

(D)

Manufacturing

Total

2,740

152

2,217

2,070-11

54-16

515

8251,174-12148

-70285-68

314

70

35

126130

4-162

72-235

10-9

32

2-30

53

-19

Foodand

kindredprod-ucts

920

20

824

684-217-9(D)(D)

309368-2140(D)(D)(*)

17

(D)

4

3(*)

3-6

3(D)n(°)<*)(*)

0

(D)-i

Chemi-cals and

alliedproducts

681

75

485

3245

(D)6

(D)0

159362(°)

16013

1492

7

-5

118

(D)(°)P)(D)(D)(°)(°)

2

(*)

0(*)

1

3

Primaryand

fabricat-ed

metals

-239

3

-184

-58(D)

-14-35-4-1

—4460(°)

126e)(°)-58

3

(D)

-48

P)(D)11(D)(D)(D)-4(")

-28

0-28

(D)

-29

Machin-ery

331

-180

367

437(°)(°)9859(")

26622-2

-70-75

33

17

(*)

120

(D)(D)

3(D)(D)(D)(*)-4

4

04

2

11

Othermanu-

facturing

1,047

235

725

6826

281-76

(*)

&361

1244

-1064

-10

277

51

222

33(°)(D)

-189(°)

-235(D)

9

2-7

-10

-4

Whole-sale

trade

2,225

-25

777

780203529

1151581

69226-3778

-72

1,113

30

262

1028814

160(D)

162(D)

4

77

(°)(D)

-8

76

Retailtrade

711

55

481

488-7(")21(*)3

141(D)

0-7-3

4(*)

84

(D)

38

-6-5-143(D)46(D)(*)

(*)

0(*)

(D)

(*)

Bank-ing

1,387

56

939

906(°)1310

189(D)

488(°)1332(D)(D)19

144

7

92

(D)(D)92(D)

0(°)(D)

2

121

5566

30

109

Finance,except

banking

937

10

678

54241(°)(D)(°)(°)

317527(*)

1365

17114

(D)

(D)

200

-331

34232(D)

304(°)

(D)

P)(D)

(D)

3

Insur-ance

805

-123

877

4281

18-20

20

160268(*)

449(D)

431(°)

(D)

2

78

(D)(D)(D)(")(D)(D)

00

0

00

(D)0

Realestate

2,500

128

1,351

1,19211

11712

236830

4159

0150

9

91

5

718

463214

6728

664-13

13

161

0161

45

159

Otherindus-tries

1,486

55

917

8821

27118(*)6

524199

8354

2110

3

29

47

25-20

44233

21-1(*)

(D)

(*)P)

(D)

(D)



All countries

Canada

Europe . . . .

European Communities (10)BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited KingdomDenmark, Greece, and Ireland


Japan


Latin America

South and Central AmericaPanamaOther .




Memorandum — OPEC

Allindus-tries

11,441

111

9,058

8,09729079

796152

-312,6134,055

143961337615

9

1,440

170

455

60-12

72395

-119330225-41

28226

179

10

Min-ing

100

-7

104

33(D)(*)111

-1-3(D)

071(*)(D)(D)

(D)

4

(*)

000

(*)0

(*)(*)(*)000

(D)0

Petro-leum

827

-129

1,503

1,407(°)-9

-50(")-3914493(*)96(D)

-51(D)

-465

47

-122

34(D)(D)

-156(D)34(D)43

130

13

4

7

Manufacturing

Total

3,574

318

3,304

2,855121482147191-1845

1,0629

44947

39110

46

28

175

228-208

2052182722

-14

1(°)(D)

52

39

Foodand

kindredprod-ucts

776

19

703

6805

204

(D)(D)

411256(*)22(*)193

9

(*)

45

(*)(*)(*)45(D)(°)1

-1

(*)(D)(D)

37

1

Chemi-cals and

alliedproducts

1,670

-26

1,981

1,740(D)

316199(°)

0494436

(D)241-18261-2

37

5

-321

139(D)(D)

-182(°)

-202(°)-2

-20

-2

-4

-3

Primaryand

fabricat-ed

metals

120

277

-108

57(D)36144

(*)14

-148(D)

-5255

-9611

2

13

28

81(D)(D)52(D)(°)-3-2

(D)(D)(°)

(D)

P)

Machin-ery

78

7

-33

30(D)19

-117-8(D)715610

-6328

-415

42

4

58

1037

47(*)(D)

7D)

(*)0

(*)

2

(*)

Othermanu-

facturing

930

79

762

4624

9046-4

4-145

4633

30038

24814

-44

5

71

-187

-1290-985(D)(D)

(D)(")(D)

(°)

(D)

Whole-sale

trade

2,174

-83

956

8304259

29643

-34-46551

7126105

-2243

1,529

-16

-194

-108-74-35-85-46

8163

-22

-118(°)(D)

100

(")

Retailtrade

95

28

62

62(D)(D)63-1(D)

120(D)0

(*)(°)(D)3

-31

6

59

1266

47(*)48-3

2

303

-33

(D)

Bank-ing

918

-33

771

6935

679726(D)

139246

(D)78(D)(D)14

51

-8

77

(°)(D)75(D)0

(°)-5

2

453411

16

26

Fiance,except

banking

89

-64

-127

-69(D)(°)60

25

62141

158(D)51(D)

(D)

3

136

112(D)(°)25(D)

-131(D)

15(D)(D)

(D)

(°)

Insur-ance

538

-88

527

384(*)

2120(D)0

57192(D)

143(D)

133(D)

13

1

85

(D)(D)-1(")(D)(D)(D)0

000

10

Realestate

2,543

224

1,597

1,567(*)

436-1-4449

1,0831

300

246

64

1

543

62576

480-14193528

550

55

59

59

Otherindus-tries

584

-53

360

334-41071613

77128

626111

15

105

104

47

20-26

462711736

39(D)(D)

-16

47

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



Table 20.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1980[Millions of dollars; outflows (—)]

All countries

Canada

Europe

European Communities (10)BelgiumFrance . . .GermanyItalyLuxembourgNetherlandsUnited KingdomDenmark, Greece, and Ireland


Japan


Latin America. .


Other Western Hemisphere . .BermudaNetherlands AntillesUK Islands CaribbeanOther



Memorandum OPEC

Allindus-tries

9,027

1,278

6,013

5,297157527

1,1042340

1,4991,921

2571616447083

504

32

1,003

1267946

87760

705125

-13

894446

109

57

Min-ing

145

64

52

20(*)

0

0120

4

0

000

0

00

000

0

Petro-leum

361

165

149

1710

-22700

13133

0-23

1

1

23

330

20

14

0

000

0

Manufacturing

Total

3,673

478

2,936

2,46689

348549

53

4061,050

1647012931526

131

6

111

1824-693

632

10

1

2

Foodand

kindredprod-ucts

507

503

4371

3(*)0

20

2660

66(*)

1

5

00050500

000

0

0

Chemi-cals and

alliedproducts

689

3

606

544

15152

00

62

(*)

(')

1

02

202

0

2

Primaryand

fabricat-ed

metals

498

40

458

276

903

2422

182

(*)

2

(*)

-3

-5

20110

000

(*)0

Machin-ery

916

428

3390

31209

4(*)19751

899

728

36

(*)

(*)41

(*)0

(*)

(*)

(*)

Othermanu-

facturing

1,063

31

940

869

198176(*)(*)

238228

715

4917

34

5

45

0

D4

0

D8

(*)

0

Whole-saletrade

860

611

527

6208

7

96153(*)84134427

238

4

27

211

254

21(*)(*)

D4

(*)

Retailtrade

408

11

313

291

7

(*)

022

0

4

(*)

76

33

C)735

8

000

3

0

Bank-ing

781

78

536

4981

29

-3

43942

33

38

(*)

69

36(*)36330

0

34304

26

Finance,except

banking

541

43

464

456

766

DO162207

07035

13

0

12

-45

0D8

752

2

2

Insur-ance

541

185

331

255(*)1

10

611

76

62

13

(*)(*)0

000

000

(*)0

Realestate

1,429

243

519

516(*)5

12101

253136

130

-24

56

7

552

494010

50219

43647(*)

140

14

39

14

Otherindus-tries

287

45

91

643

6563(*)

017

-874

275

1111

5

4

113

19145

934

8261

20

9


Table 21.— Foreign Direct Investment in the United States: Equity Capital Inflows, 1981[Millions of dollars; outflows (-)]

All countries

Canada . ..

Europe


Other EuropeSweden . .SwitzerlandOther

Japan


Latin America

South and Central AmericaPanamaOther.



Other Africa Asia, and Pacific

Memorandum — OPEC . . . .

Allindus-tries

14,058

2,095

8,171

7,45085

1,3991,162

58032

1,2092,962

21720121424174

1,025

273

938

1026339

8377

7019236

1,48933

1,456

67

1,468

Min-ing

830

116

714

7040

52D

5

DO100

0

0

(*)000

(*)0

(*)00

000

0

0

Petro-leum

604

292

249

24200

42168

07

(*)

6

29

000

290

2900

0

0

Manufacturing

Total

4,635

732

3,447

2,900

1,219384

-2320898

2547116326105

136

97

?\3

0

1

Foodand

kindredprod-ucts

593

543

357

200

2186

1

DO

0

1

0

Chemi-cals and

alliedproducts

1,392

3

1,298

1,230

7800

068

0

-2

0

92

0

0

33

101

0

1

Primaryand

fabricat-ed

metals

536

221

82D3

300

0139

94

1

-10

-1220

(*)0

000

0

0

Machin-ery

1,231

290

904

7760

20D

4

076

4210

12796283

37

0

1

00010100

000

0

0

Othermanu-

facturing

882

482

454oo97

-219479(*)28

14

51

19

2

00

0

Whole-sale

trade

1,285

38

830

774

2125

0131490

552

3122

396

(*)

20

33

(*)170

170

(*)

000

10

Retailtrade

340

38

291

27800

960

013DO

1

0

6

0006

5

0

000

5

0

Bank-ing

1,562

104

1,019

1,0010

70

17

-17

362

0

10

(*)

02

1

29

39

Finance,except

banking

336

16

239

240

04

61146

0-1

0-1

0

0

71

0

0

CO2

0

0

0

Insur-ance

646

87

491

49101

00

283

(D}

0

4

00040400

000

0

Realestate

1,774

485

655

6255

(*)163

05

212238

1300

10

-2

584

401724

54411

4851730

0

29

Otherindus-tries

2,046

188

235

1954

812510

21621

40

47

59

22

118

1578

103-1949

(*)

1,422(*)

1,422

1




Table 22.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1982[Millions of dollars; outflows (-)]

All countries

Canada

Europe

European Communities (10)BelgiumFranceGermanyItaly . ..LuxembourgNetherlandsUnited KingdomDenmark, Greece, and Ireland

Other Europe . .SwedenSwitzerland ..Other

Japan


Latin America . . .





Memorandum — OPEC

Allindus-tries

9,597

-243

6,896

5,75871

310884199

31,8932,366

341,138

211111150

1,066

121

1,027

19651

14483243

698819

63220

612

98

662

Min-ing

-1,209

-1,416

202

(D)0

(D)(D)10

(D)20

(D)0

(°)(D)0

5

(D)

000

(°)0

(D)00

000

(D)0

Petro-leum

472

228

196

1970

(D)2900

95(D)

0O0

OO

6

(D)

60

000

60(D)24(D)(D)

(D)0

(to)

0

(D)

Manufacturing

Total

3,050

266

2,276

1,999(D)

118305

4(D)

645866

527768

19316

313

80

66

15(D)e)51(D)(D)(°)0

(D)0

(D)(D)(D)

Foodand

kindredprod-ucts

398

5

325

305(D)(")(D)000

2883

20(D)(°)(D)

24

(D)

0

(D)0

(°)(°)0(D)00

(D)0

(°)(D)

0

Chemi-cals and

alliedproducts

402

(D)

335

358(D)(°)(D)00

134215(D)

-24(D)(»)0

16

0

(D)

(°)(°)

0(D)00

(°)0

000

0

0

Primaryand

fabricat-ed

metals

346

2

300

1101

(°)222

(°)21(D)(°)

190(D)e)0

1

(D)

(D)

(D)0

(D)00000

(D)0

(°)0

4

Machin-ery

342

(D)

323

2550

(°)91o(D)

104(D)

067322214

(D)

1

5

00052400

(D)0

(°)0

(D)

Othermanu-

facturing

1,562

(D)

993

9702

143153

2O

386284

023(D)20(D)

(D)

45

30

(D)(D)0

(°)(D)(D)(*)0

000

1

0

Whole-saletrade

1,396

89

683

5291

1888(D)0

132270(D)

154(D)23(D)

540

5

67

(°)(D)(D)(D)0

46(D)0

000

12

0

Retailtrade

201

16

90

810

800

(")5090

(D)(°)

(D)

0

(D)OO0

(D)(D)(D)0

(D)000

(D)0

Bank-ing

1,468

(D)

1040

1,0090

(D)181185(D)

321275(D)32(D)(D)19

(D)

(D)

(D)

81(°)(°)(°)0

(D)00

(D)(°)59

30

101

Finance,except

banking

564

(D)

500

491(D)(D)(D)00

97320

09

(D)(D)

0

(D)

0

61

(°)0

(°)(°)3

(D)(D)0

O3

0

3

Insur-ance

717

95

620

(")0

(D)(D)00

80(D)0

(D)o(°)(D)0

3

0

00000000

000

0

0

Realestate

1,797

179

887

752(°)(D)8410

324331

3134

012410

67

(D)

556

402713

516(°)

490(D)8

870

87

(D)

93

Otherindus-tries

1,140

126

400

3992

3459(D)(°)

158140

425

-84

(D)

36

92

38<")(°)545

4351

(D)(°)(°)

1

(D)


Table 23.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1983[Millions of dollars; outflows (-)]

All countries

Canada

Europe

European Communities (10)BelffiumFranceGermanyItaly . .LuxembourgNetherlandsUnited KingdomDenmark Greece and Ireland.

Other EuropeSweden . .SwitzerlandOther

Japan .

Australia, New Zeland, and South Africa

Latin America . .

South and Central America . . . . . .PanamaOther




Memorandum — OPEC

Allindus-tries

6,846

630

4,274

3,765120265800226

9706

1,52211750949

38277

641

65

816

1609466

65529

544803

34623

323

75

311

Min-ing

118

(D)

52

47(D)(D)(D)

000

(D)050

(D)(D)

0

3

0

00000000

000

(D)0

Petro-leum

295

5

249

2750

(D)3500

(D)(D)(')26(D)(D)

0

-1

(D)

23

000

23(D)12(D)(°)

101

(D)

1

Manufacturing

Total

1,809

196

1,341

973e)

126352(°)(°)18

157-136853

3096

201

3

47

-220

491617(°)(°)

(D)(°)(°)

(D)

0

Foodand

kindredprod-ucts

34

1

18

(D)0

(D)(°)00000

(°)P)(D)0

(D)10

00000000

000

(D)0

Chemi-cals and

alliedproducts

533

(D)

461

(D)(")(D)(°)(°)03

(D)-1(D)

0(°)

(D)

0

(D)(*)(*)

0(°)(")1(D)0

000

0

0

Primaryand

fabricat-ed

metals

-20

(D)

62

-128(*)

2(°)032

(°)0

66(°)(°)0

16

1

(D)

(*)(*)

0(°)P)000

000

0

0

Machin-ery

342

(D)

267

254(D)6

140(")(D)19930

13185

13

1

8

00080

(")0

(D)000

(D)0

Othermanu-

facturing

919

(D)

656

4961

98159

040

2340

160(D)(D)(*)

134

1

14

-2-2

017(D)(°)00

(D)(°)(D)

1

0

Whole-saletrade

611

-4

303

290(*)(D)89(D)(°)(D)

262(D)14(D)

6(D)

282

0

(D)

(D)(D)(D)0

(°)(D)(")

(D)

(D)

(*)

(D)

Retailtrade

65

25

25

25(D)(D)(D)00

(D)3900000

(D)

(D)

5

(*)(*)(*)

14

(D)(°)

404

5

(D)

Bank-ing

1,099

118

773

697(D)90

151160

(")(D)(D)76(D)(°)31

74

4

(D)

(°)0

(D)CO0

(D)(°)(D)(D)(D)14

(D)

8

Finance,except

banking

456

(D)

246

2465

(°)(D)00

106680

(*)0

(*)0

10

0

173

(°)(°)(D)(°)(D)(")200

330

(D)

0

Insur-ance

160

-2

152

13101

(D)00

(°)(°)122(")(")(D)

(D)

0

0

00000000

000

(D)0

Realestate

1,499

157

903

894(*)

436(*)0

330524

09

(D)

(D)

41

0

373

17(D)(D)

356-3351

62

505

20

6

Otherindus-tries

733

45

229

187(*)(D)57(*)

21572(D)41(D)10(D)

23

(D)

90

2(D)(D)88(D)683

(°)

(D)0

(°)

(D)

(D)

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



Table 24.—Foreign Direct Investment in the United States: Reinvested Earnings, 1980[Millions of dollars]

All countries

Canada

Europe .

European Communities (10) .. ..BelgiumFranceGermanyItalyLuxembourg . . . .NetherlandsUnited Kingdom.. ..Denmark Greece and Ireland


Japan


Latin America





Memorandum — OPEC

Allindus-tries

5,177

1,489

2,732

2,74612275

2484

-292,011

8038

-1436

-566

574

15

370

815525

28951

2782835

281414

-30

12

Min-ing

66

27

46

51(*)(D)3

-1-1(D)10

-40

-3-1

(*)

-3

-4

000

-40

-3(*)

0

000

0

0

Petro-leum

2,161

106

1,996

1,991(D)1217-5-4

1,8352

(D)5

10-5(*)

-8

(*)

(D)

(D)(D)-158(D)17(D)(D)

000

(D)0

Manufacturing

Total

1,256

1,177

220

323831

13716

46214(*)

-2526

-2545

-5

-1

313

-35-24-11348

15323

11-1

-32

-5

-4

-5

Foodand

kindredprod-ucts

1,456

(D)

49

44-1-1

8(*)(*)213425

(*)6

-1

-5

-1

-17

(D)(*)(D)(D)0

(D)00

(*)(*)0

(D)(*)

Chemi-cals and

alliedproducts

-25

9

87

49(D)7

1500

(D)91(*)

-1376

-131(*)

4

(*)

(D)

(D)(D)(D)(D)0

(D)0

(*)(*)

0(*)(D)(*)

Primaryand

fabricat-ed

metals

152

51

97

112(D)6714(*)1

(D)360

-153

-18(*)

10

-1

(*)

-12

-3

(D)(*)(D)0

-50

-5

(*)

-5

Machin-ery

-98

(D)

-43

17(*)17

-37(*)(*)85

-151

6112

-711

12

1

(D)

33

(*)(D)

7D)

2

(*)0

(*)

(D)

(*)

Othermanu-

facturing

-228

28

-236

-192-2

-26-92

16

-147681

44-3

-393

25

-1

5

(D)(D)0

(D)(D)3

(D)(')

22

(*)

-1

(*)

Whole-sale

trade

490

33

-10

7-332

-67-4

-368011-517-4

7-19

535

j

39

16

-441(D)103

(D)

211

30

1

Retailtrade

199

7

189

1888

-5-22

(*)(*)17

19001

(D)2

(D)

4

3

1

1(*)1I

(*)(D)-6(D)

000

5

0

Bank-ing

274

48

138

89(D)(D)

-44(D)

55559(D)49-32428

29

9

36

38<*)3820

(*)1

-2

871

5

-1

Finance,except

banking

98

14

23

4(D)

-22(D)(D)10180

192

152

6

2

48

(*)

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

451

(*)

-1

Insur-ance

824

73

657

474(*)

49130

41334

(*)182(D)

155(D)

10

3

(D)

(D)(D)(*)

43200

000

(D)0

Realestate

62

16

-9

-7(*)I

4(*)(*)

-144

(')20

(*)—2

(*)

2

89

-9-8-180-57913

210

21

2

21

Otherindus-tries

-128

-13

-77

-8316

-31(*)(D)(D)

-30(D)6142

11

2

43

-274

40-218

-19-1

5-2

2

-5

-2



All countries

Canada

Europe .. .

European Communities (10)BelgiumFrance

ItalyLuxembourgNetherlands

Denmark Greece and IrelandOther Europe

SwedenSwitzerlandOther

Japan



Bermuda . .Netherlands AntillesU K Islands CaribbeanOther



Memorandum OPEC

Allindus-tries

2,766

-332

2,160

2,253177

-227-163-39

181,983

52415

-9211949

628

1

277

764631

201-63205

1346

25215

5

12

Min-ing

-30

9

-31

-18-1

-14-4

12

(D)-2(D)

-130

(D)(D)

(*)

-3

-5

00050

-4(*)

0

000

0

0

Petro-leum

2,247

-15

2,123

2,120(D)21

-63(D)(D)

1,9003

(°)3

(D)(D)1

5

(D)

132

(D)(D)1

(D)-675(D)34

(*)0

(*)

(D)

0

Manufacturing

Total

-36

-218

-173

-2-63

-188-156-27

7164257

4171-4

-139-28

5

(*)

359

513-8353

(D)324

9(D)

3-3<*)

5

1

Foodand

kindredprod-ucts

144

(D)

63

176(*)13

-10_1<*)

12552-2113(D)(D)-1

2

-2

20

1(*)(*)200

20(*)0

(D)(D)(D)

(D)

(*)

Chemi-cals and

alliedproducts

206

13

140

112(D)989000

26150(D)292

30(*)

23

3

31

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

0(D)51

-10

-1

-2

1

Primaryand

fabricat-ed

metals

87

(D)

65

1011

247

-2-2

371(*)

-36(D)(D)

-10

12

14

15

(D)(D)1

(D)(D)-1

4(D)

(D)(D)(D)

(D)

2

Machin-ery

-182

-309

-168

,-130(D)

-21-109

1 23(D)89

-681

389

-38-8

28

(*)

268

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

-2

(*)0

(*)

-1

(*)

Othermanu-

facturing

-291

37

-273

-261_4

-106-134

1(D)

-7952(D)12(*)-4

9

-60

-15

25

1(D)(D)25(D)5

-2(D)

4-3

1

-1

(*)

Whole-sale

trade

560

24

84

5315

-10146

715

-107687

303

3912

564

-4

101

3-1-2

-97(D)

-38(*)(D)

422

-10

2

Retailtrade

81

37

41

5061

61(D)j17(D)0

-9-2

61

-10

5

-11

-1-1(*)

-10(*)(D)(D)

2

000

19

0

Bank-ing

180

8

89

31(D)-397

4(D)7638

457(*)2234

22

2

41

382

3730413

26197

9

11

Finance,except

banking

47

8

21

-24(D)9(*)12

(D)(D)

045(D)(D)(D)

6

4

2

3(')31

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

55

(*)

1

(*)

Insur-ance

126

-108

169

194(*)36930

4877(*)

-251

271

8

(D)

51

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

00

000

(D)0

Realestate

227

-25

-99

-93(*)-1

3(*)(*)6721(*)-6

03

-3

5

-1

-111

-127

-599

-139031

505

-1

3

Otherindus-tries

183

-34

-63

-58-1206

(')(*)

-3792

-515

-1

23

-10

-80

-11164

69-3

-55-9

2

12-310

-6

-6





All countries

Canada

Europe

European Communities (10)BelgiumFrance

ItalyLuxembourgNetherlandsUnited KingdomDenmark Greece and Ireland


Japan .


Latin America

South and Central America

OtherOther Western Hemisphere

BermudaNetherlands AntillesU K Islands CaribbeanOther .. ..

Middle EastIsrael <Other


Memorandum — OPEC

Allindus-tries

-2,412

-1,198

848

-527-33378

-62050

-10-117

66417

322-76

— 123-123

116

-37

-386

-4124

-17-344-47

-156-137

-5

-3919

-58

-19

-51

Min-ing

-200

67

127

-121-118-3(*)

7D)(D>0

-60

— 5-1

(*)

-3

—4

000

-40

-3(*)

0

000

0

0

Petro-leum

1,002

342

1,332

1,336(D)

-59(D)(D)

822.(D)(D)-4(D)

4(D)

2

(D)

10

5(D)(°)

6(D)45(D)

-11

(D)0

(D)

0

(D)

Manufacturing

Total

1,591

224

-1,190

-86965

-253-451-25

4-215

1414

-321-89

-15874

126

-37

29

-58-30-27

8719755

-2

-42-240

(*)

(D)

Foodand

kindredprod-ucts

366

2

332

307(D)9

10-3-2(°)872

24(*)27-2

-10

-1

42

1(*)(*)413

38(*)0

(*)(*)0

3

(*)

Chemi-cals and

alliedproducts

151

35

-45

-15445

-1171700

-43671

109(D)(D)(*)

-8

-1

(D)

-220

<")0

(D)(*)

2

-20

-2

(D)

—2

Primaryand

fabricat-ed

metals

543

-27

-440

-141(D)

-35395

7°)16(*)

-299(D)(D)

-54

-2

-22

-16

-25(D)(D)9

(D)2

(D)0

(D)0

(D)(D)(D)

Machin-ery

377

-175

-367

-229(*)

-21-133-15

(*)5

-572

-138-53—75-10

8

1

(D)

(D)(°)(*)(")(°)(D)(*)-4

(D)0

(°)

-1

-1

Othermanu-

facturing

886

-59

-669

-6527

-89252-2-1333

283

-172

-10-8

-115

-13

-26

(°)(D)(°)(°)24

(")(*)

-4-2-2

(*)

(*)

Whole-saletrade

-394

-9

-347

-3132

-30102(D)3

-262-101

(D)-35

2— 10-22

115

-5

-137

-2217-6114(°)58(")2

(D)(D)(D)

(D)

(D)

Retailtrade

5

13

-5

8(D)

-22-61

(*)3

(D)970

-13-3-6-3

-9

1

-10

-3-4

1__7(*)(*)-8

1

000

15

0

Bank-ing

-218

-159

-208

-210(°)

-16-171

4(D)51

-84(D)23

(*)(*)

125

(D)

(D)

819-2

0(D)(°)0

1046

-1

(D)

Finance,except

banking

-119

15

-60

-80-29-26-8

1-1

-13—4(*)21(*)192

9

5

-95

-2-2(*)

-921

-984(*)

5(°)(D)

(*)

(D)

Insur-ance

120

-251

292

22311

6220

16142(*)69(D)57(D)

4

-1

(D)

(D)(D)(D)18(°)(D)

00

000

(D)0

Realestate

-592

-18

-403

-389(*)(*)

-11(*)(*)

-352-25

(*)-15

0—9-5

-9

1

167

-20-16

4-147-13

-135-6

7

100

10

-6

10

Otherindus-tries

-424

-156

-132

-112-220

-21(*)-2

-53184

20-1

—13-6

9

-6

-107

-18-20

2-89

6-76-6-1

-24-1

-23

-6

-26



All countries

Canada .... . . .

Europe


Other EuropeSwedenSwitzerland. . . . . . . .Other

Jaoan

Australia, New Zeland, and South Africa

Latin America


Other Western HemisphereBermudaNetherlands Antilles .. .UK Islands CaribbeanOther . . . .



Memorandum — OPEC

Allindus-tries

628

-620

1,235

1,11163

-227-31-73

1844292727

124-4186

-58

648

9

-303

6(*)

6309-61139

-6049

-2588

-267

-82

-220

Min-ing

-40

18

-57

-63(*)

-3(D)

7°)2070

(D)(°)

(*)

-1

-1

000

-10

(*)(')(*)000

0

0

Petro-leum

756

-386

1,235

1,249P)-3

-53(D)

~P)(D)(D)13-8(D)(D)

3

1

-90

11

(*)91(°)28(D)(°)

-808

0

g

Manufacturing

Total

-337

57

-153

196-20

-109-226

35-6

-135334

143

-2991

-19

-98

20

(*)

-89-62-27

902673-6—4

-49-6

-43

-1

33

Foodand

kindredprod-ucts

313

5

265

207-5(D)

-10(D)(*)

117110-158(°)(°)2

3

(*)

45

1(*)(*)45(°)(D)(*)0

(*)(°)(°)

5

(D)

Chemi-cals and

alliedproducts

407

1

449

320-22

626800

52162-2129

-13142-1

-17

1

-24

(°)-5(°)(")CO

-16-2-2

-10

-1

-3

-1

Primaryand

fabricat-ed

metals

-467

-64

-317

1724

(D)23(D)

-~2020-3

-145(")(°)

-16

7

13

-57

-76(D)(°)19(°)(°)(*)0

(D)(°)(°)

(D)

(D)

Machin-ery

-191

26

-267

-231(*)

-16132

-20(*)62-4

2-35

10-22

3

(*)

(*)

49

(°)3

(")(°)(*)(D)-1-2

(*)0

(*)

-1

(*)

Othermanu-

facturing

399

-14

-283

-3204

19-129

-22

221464

361423(*)

-77

5

-13

-12(D)(°)

3I

-4(*)

(D)(D)(D)

(D)

0

Whole-sale

trade

765

-35

156

13417(D)

267-15

1125

-198(D)21333

-8

743

-6

-68

(*)(*)(*)

-68-46-29

52

515

-31

4

Retailtrade

86

26

79

804

(D)33(*)-1(D)

1620I

-33

(*)

-9

(D)

(*)

321

-2-1

4(°)(D)

000

(D)0

Bank-ing

-183

151

-36

19(D)

-19-54

10(D)82416

182

-2-17

18

-12

(D)

(D)(")22

-1604

(D)(°)

(*)2

-3

(D)

18

Finance,except

banking

43

38

-52

76(D)

-11151

(°)-67

271

254

183

7

4

42

11

(*)41-116251

(D)(D)(D)

(D)

(D)

Insur-ance

473

38

422

350(*)

268(D)0

96(°)(*)713

731

3

1

(D)

(D)(D)

~2(°)

(D)0

000

(D)0

Realestate

-306

76

-165

175(*)(*)12-1-289

-71(*)90

13-3

-51

1

-193

-6-3-3

-18718

-1674

-6

300

30

3

33

Otherindus-tries

-629

-111

-195

-173-318

-37(*)(*)

-109-11

6-21

1-11-11

33

(D)

-85

-8211478(*)

-715

-2

(D)(D)(B)

26

(D)



October 1984 SURVEY OF CURRENT BUSINESS 45Table 28.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1980

[Millions of dollars; outflows (-)]

All countries

Canada

Europe

European Communities (10) .BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited KingdomDenmark, Greece, and Ireland

Other Europe.SwedenSwitzerlandOther

Japan


Latin America . . .




Other Africa Asia, and Pacific

Memorandum — OPEC

Allindus-tries

2,713

511

1,060

618-16

736377213

923213

344265

30572

-129

29

928

1217545

80824042334

111

117-25143

197

171

Min-ing

166

(D)

41

35(D)34

(*)-1(D)

4060

(D)(D)

0

(D)

(D)

0001(D)00

000

0

0

Petro-leum

-420

279

450

-428(D)-3-8(*)

25-436

<")-23

(D)(D)

4

(D)

(D)

(D)

(D)(D)12

(D)-20

(°)14

(*)0

(*)

(D)

17

Manufacturing

Total

825

150

589

35722

181-162

(*)2

17812610

23282

12723

64

1

325

11C)

-10336

(D)215-5(D)

5(*)5

-10

3

Foodand

kindredprod-ucts

178

-51

230

240-1(D)

1

82

-9(*)

7-2

(D)

1

3

(D)(D)-1(°)

801

(*)(*)0

(D)0

Chemi-cals and

alliedproducts

145

19

144

130CO4316(*)0

(D)(°)(D)14(")(°)(')

(D)

(*)

(D)

(°)(D)(D)

-10(°)(°)04

C)0

(')

(D)

-3

Primaryand

fabricat-ed

metals

-32

-79

-18

-44(°)(D)25(*)

(D)65(*)25(D)(°)7

-9

8

62

5(D)(°)57(°)43(D)(*)

404

(*)

5

Machin-ery

100

23

-29

-1874

13-217

3(*)43

-26-215933

1215

23

-6

(D)

5(')-5(D)(*)(D)(*)(°)

(')0

(*)

(D)

1

Othermanu-

facturing

434

-62

262

219(D)

11762

(*)1962(D)43291

13

46

-2

196

2

V198(D)

179(°)1

<*>0

(*)

-7

1

Whole-sale

trade

382

(D)

-557

-642(°)80

-57981(")

305-296

585-54644

272

29

332

1188335

214(D)346

(D)

(D)(D)(D)

113

143

Retailtrade

791

32

710

724(D)(*)(°)(°)(*)(")(D)(*)14(D)3

(D)

5

0

41

541

361

3050

C)0

(*)

4

(*)

Bank-ing

33

3

8

6040002

(D)(D)2020

0

0

3

30300000

330

16

(D)

Finance,except

banking

17

67

159

115(°)

-35-4(D)(D)-5143

0442

41(*)

(D)

(*)

19

2-1

221(°)(°)(°)(*)

(D)(°)(°)

(D)

(D)

Insur-ance

-38

-3

28

320

(*)(°)10

(°)-23

0-4

14

(*)

1

0

(D)

(D)(°)0

(°)5

(D)00

000

(D)0

Realestate

635

96

317

29613

11(*)5

21370(*)200

1010

17

5

182

211110

16224

121152

-404

22

1

Otherindus-tries

322

18

215

121-1

6651

(D)7

55(D)934

872

30

-1

69

1468

55-11

634

-1

1(*)1

-10

-1


Table 29.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1981[Millions of dollars; outflows (—)]

All countries

Canada

Europe . . . . .

European Communities (10)BelgiumFranceGermanyItaly. ...LuxembourgNetherlandsUnited KingdomDenmark Greece and Ireland

Other EuropeSweden . .Switzerland .Other

Japan


Latin America


Other Western HemisphereBermudaNetherlands AntillesU K Islands, CaribbeanOther



Memorandum — OPEC

Allindus-tries

7,577

234

4,401

4,30262

78763916821

1,997920

4499

-12515371

1,306

-2

485

-40-33_7525

8511150

-144

1,14565

1,211

7

1,206

Min-ing

32

45

25

370

(D)(D)(*)(°)(D)-2

0-12

0(D)(D)

0

-1

-37

000

-370

-3700

000

0

0

Petro-leum

257

223

317

26726

(D)

0340-57

(°)50CO(D)(D)

143

(*)

51

CO(D)6

(D)CO80

25

505

-35

(D)

Manufacturing

Total

2,887

144

3,017

3,049(D)

1,489128(D)(*)

1,16822531

-32-73

2219

146

(D)

-419

CO(D)(D)(D)

-51(D)

4(D)

(D)(D)(D)

-8

-5

Foodand

kindredprod-ucts

219

7

195

102(D)(D)-2CO(*)COCO(*)92CO89(D)

(D)

(D)

-6

-60

-6(*)

0211

(D)(D)(D)

(D)

(*)

Chemi-cals and

alliedproducts

1,613

-36

1,660

1,6936

(D)16CO0

(D)COCO

-33CO(D)

5

_1

-16

(D)(D)(D)COCO(D)

0(D)

(*)0

(*)1

-1

Primaryand

fabricat-ed

metals

369

183

168

128CO(D)2

-1(D)

110(D)(D)40(D)(D)5

(D)

-1

-3

(D)CO13(D)0

-113

(D)

(D)(D)(0)

(D)

-2

Machin-ery

24

-91

189

321CO(*)

154CO(D)

26266-1

-131-60

753

31

5

-99

(D)CO(*)(D)0

-6(*)(D)

000

-10

-2

Othermanu-

facturing

662

81

805

8052

(D)-6CO(D)

754-5CO

CO-1(D)

65

2

29fi

3

*.

oo

o 33333333

Whole-sale

trade

1,745

34

490

504(D)

-11609

(D)10

298258(D)14

-642921

836

-6

351

133-65

6848511

436(D)(D)

(D)2

(D)

(D)

-35

Retailtrade

161

-16

174

1292

(D)-26

(D)0

(D)-60

0450

(D)(D)

2

0

10

2(*)

28

(D)(D)51

(*)0

(*)

-9

(*)

Bank-ing

168

(*)

78

645

16(D)(D)0

(D)(D)(D)140

(D)(D)

125

0

5

50500000

-7CO(D)

-24

(D)

Finance,except

banking

475

30

-669

638(D)(D)-4(D)COCO50

-31(D)CO(D)

2

(D)

323

(D)0

CO(D)(?)CO(D)-1

(D)CO(D)

(D)

(D)

Insur-ance

106

25

81

48(D)-2(D)(D)0

-2CO0

33(D)(D)(D)

-1

(D)

1

110

(*)(*)000

000

(D)0

Realestate

1,187

142

829

7800

(*)5

(*)(*)

357414

4490

(D)(D)

23

(*)

139

642

134329616

-10

270

27

25

28

Otherindus-tries

1,508

112

59

62-21424(*)3

1954-2-3(D)11(D)

28

16

70

1111(*)602226(D)CO

1,2221

1,221

(*)

(D)





All countries

Canada

Europe

European Communities (10)BelgiumFranceGermanyItalyLuxembourg . . . .NetherlandsUnited KingdomDenmark, Greece and Ireland


Japan


Latin America


Other Western HemisphereBermudaNetherlands AntillesU.K. Islands, CaribbeanOther



Memorandum — OPEC

Allindus-tries

6,657

2

4,562

4,357-11

-13116418960

1,7332,353

120592

26136

805

58

979

283287

46963074531376

21356

157

37

108

Min-ing

33

-7

92

(D)0

104(D)-5

0

i(0)0

(D)(°)(*)

5

(D)

000

(D)0

(D)00

000

(D)0

Petro-leum

952

121

678

661(*)(D)441

(°)61

546(°)17(D)23(D)

195

(*)

212

2021-1192(°)170

(°)

(D)0

(D)

(D)

(D)

Manufacturing

Total

1,281

111

1,131

939(")

18912972W

395167

-20192

-49251-10

128

27

130

169(°)(°)

300(°)(°)(")-7

(D)0

(°)

(D)

10

Foodand

kindredprod-ucts

156

13

167

721

(°)C0)(°)(°)(°)-7-295

0(°)(°)

3

-1

-45

(°)0

(D)(°)(*)P)0

(")(D)

0P)(D)-1

Chemi-cals and

alliedproducts

430

(D)

195

120(°)

-13(D)(°)

068800

761760-2

j

-4

224

(")(°)(D)(°)(D)73

0(*)

202

(D)

5

Primaryand

fabricat-ed

metals

-41

28

-44

-278

(D)-19

(*)(D)(°)(")(*)

-17(D)(°)-4

-3

14

(D)

130

13(°)0

(°)(D)(D)

505

(D)

(D)

Machin-ery

366

(D)

411

411(°)

-1314074

0167(D)31

54561

(D)

-2

(D)

(°)(°)3

(°)(D)(°)0

(*)

(*)0

(*)3

(D)

Othermanu-

facturing

370

(D)

401

364-122723(*)

8149

-1537(D)55(°)

(D)

20

-226

615

-232(°)(D)(°)

4

50

-5

-11

-4

Whole-sale

trade

1,224

-106

441

56421

-23-161

1191849

52318

-123(D)

-21(")

458

30

331

(D)(°)(°)(")12

174(°)

2

(D)(D)(D)

(D)

(D)

Retailtrade

505

26

395

399(D)(D)(D)0

(*)125(°)040

(D)(°)

(D)

(D)

(D)

-3-1

1(°)

(D)(D)(D)

(*)0

(*)

36

(*)

Bank-ing

138

(D)

107

1080

(D)000

116(D)(°)i

0-i

0

(D)0

(D)(D)0(°)

-10

(*)0

-2

(D)(°)

0

1

(D)

Finance,except

banking

492

(D)

237

131(D)(D)78(D)(°)

233212

0106(°)(°)

112

10

(D)

234

(D)3

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

-241

(D)(°)(D)

(D)

(D)

Insur-ance

32

32

-35

(D)0

(D)(°)00

65(D)0

O5)5

(°)(°)

(D)

0

(D)(*)(*)

0(D)2

(D)00

000

(D)0

Realestate

1,294

-34

868

828(D)(D)4302

265525

1390

354

34

(D)

329

26216

303(°)

309(D)-2

640

64

(D)

55

Otherindus-tries

770

86

648

5951

1380(°)(°)

41877(*)531

4212

(D)

-1

62

5(°)(D)574

53(*)

-5(D)(")

(D)

5



All countries

Canada . .

Europe

European Communities (10)BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited KingdomDenmark Greece, and Ireland


Japan ,


Latin America

South and Central AmericaPanamaOther . . .

Other Western HemisphereBermudaNetherlands AntillesU K Islands Caribbean .Other



Memorandum OPEC

Allindus-tries

3,967

102

3,549

3,2211074127-122

1,4651,605-1328292

46-10

151

97

-57

-106106(*)49

-87-74206

5

-60-951

186

-80

Min-ing

23

(D)

108

490

(D)(D)(D)0

(D)80

59(*)(D)(D)

(D)

2

(*)

000

(*)000

(*)000

(D)0

Petro-leum

224

253

19

-1171

(D)-32

(D)1

31107(")

136(°)(D)

-467

(D)

-55

33(D)(°)88

-8464

-2

606

(D)

(*)

Manufacturing

Total

2,102

179

2,116

2,078(")

46521(°)(°)

962572

93723-923

-58

6

222

136-143

7-86-24-64

(°)(D)

(D)(")(°)

(D)

5

Foodand

kindredprod-ucts

429

-15

419

(°)(*)(D)(D)(D)(D)

295145

1(°)(D)(D)

2

(D)

(*)

(*)

1011

(*)3

-1-1

000

(D)(D)

Chemi-cals and

alliedproducts

730

(D)

1,071

(D)3

(°)(D)(*)

0445

(D)(D)(D)5

(°)2

(D)

4

(D)

(D)

8-179

8-187

0(*)

-10

-1

1

-2

Primaryand

fabricat-ed

metals

607

(D)

270

243(D)(")0>)(D)1

32(°)(D)2726-4

5

7

-1

(D)

5-5(*)(°)(D)(D)3

-2

-20

-2

1

4

Machin-ery

73

(D)

34

8(")29

-125(D)(D)

114337

-41-18-27

3

28

3

(*)

(D)(*)(D)(°)(*)

20

(D)

(*)0

(*)

(D)

(*)

Othermanu-

facturing

410

(D)

389

285(*)1217-1

176

183-2104(°)(D)14

-101

-1

70

-4(°)(D)74(D)(D)(°)(°)

(D)(D)(D)

18

(D)

Whole-saletrade

797

-45

497

406241

-60

8(D)

487-14

90(D)25(D)

504

-10

(D)

-109(D)(D)(D)(*)(D)(*>)(D)

(D)(°)(D)

130

-77

Retailtrade

56

-23

42

-43

7D)(D)(*)(D)(D)(D)01

(°)(D)3

(D)

(D)

54

945

45(*)40

4(*)

(*)0

(*)

(D)

3

Bank-ing

2

0

34

1405000

(")(D)0

20(D)(°)0

-41

0

(D)

(D)(D)(°)10

(*)(*)2

(D)(D)0

1

0

Fiance,except

banking

-410

(D)

321

-238(°)

395(D)1

(D)23460

-83(D)33(D)

(D)

(*)

-79

(D)(D)(D)(D)(D)(D)(D)0

(D)(D)0

-10

Insur-ance

-95

-48

47

-9701

(D)00

(°)(D)(D)50(°)(D)(*)

(D)

0

(D)(*)(*)

0(°)(*)(D)00

000

(D)0

Realestate

1,349

-10

860

8480

(*)110

-2208630

112(D)

(D)

74

(*)

362

51(D)(D)

31120

2352532

200

20

43

20

Otherindus-tries

480

13

326

319-1(D)-4

11

17168(D)

6(D)2

(°)

49

74

42

25(D)(D)16(D)105

(D)

(D)(°)(D)

(D)

21




Table 32.—Foreign Direct Investment in the United States: Income, 1980[Millions of dollars]

All countries

Canada

Europe


Other EuropeSwedenSwitzerland ....Other

Japan


Latin America


Other Western HemisphereBermudaNetherlands AntillesU.K. Islands, Caribbean.Other



Memorandum — OPEC

Allindus-tries

8,635

1,850

5,106

4,771134224-85

24-25

3,2011,284

1433686

23416

679

46

888

18858

13070047

6464853

533122

12

40

Min-ing

94

28

67

72(*)(D)-2-1

1(D)20403

-1

(*)

-3

1

000102

(*)0

000

0

0

Petro-leum

2,865

141

2,607

2,581(D)14

-10-3

42,433

16(D)2512131

3

(*)

113

9(D)(D)

1046

60(D)(D)

000

(*)0

Manufacturing

Total

2,401

1,216

628

749-33141

-7118

351349

212144

161-4

28

1

534

-35-24-1156918

5261114

-13

-4

-4

-4

Foodand

kindredprod-ucts

1,561

1,432

142

1251

(*)8

(*)(*)27

108-217(*)(°)(°)

2

-1

-9

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

0(D)

00

(*)(*)

0

-1(*)

Chemi-cals and

alliedproducts

217

12

83

202(D)421700

8782(D)

-119-3

-116(*)

13

1

109

-12(D)(D)

1220

11506

(*)0

(*)

-2

-1

Primaryand

fabricat-ed

metals

272

55

176

184-511422(*)

27

45095

15(*)

14

-1

31

-12

-333(D)(°)(°)0

-40

-4

(*)

-4

Machin-ery

102

(D)

111

97(*)17

-27(*)(*)

13522

1542

-26-1

20

1

(D)

33

(*)(D)(*)(°)(°)(D)

(*)0

(*)

(*)

(*)

Othermanu-

facturing

250

(D)

116

140<")3

-7516

95111(D)

-241

(D)(D)

-17

(*)

(D)

(D)(D)0

125(°)(D)25(D)

33

(*)

-1

(*)

Whole-sale

trade

741

51

276

2125

43-48-10-34165104-3641366

-15

471

(*)

-8

-21

-25

(D)45

4(D)

413

53

3

Retailtrade

403

8

362

3609

-318(*)(*)25

34702

-24

(*)-

2

(D)

25

1(*)1

24(*)27-6

3

000

(D)

0

Bank-ing

957

219

363

243(D)2113315

72120(D)

119-39329

139

23

138

139(*)

139-2

0(D)1

(D)

15105

62

23

Finance,except

banking

108

23

-10

-27-3

3-15

21

14280

17-5193

6

(D)

52

C)

-152-231(D)(°)

(D)(°)(*)

3

(*)

Insur-ance

981

105

775

55316

9840

53390(*)

222(°)

194(D)

10

(D)

(D)

(D)(D)(*)8

(D)(D)

00

000

(D)0

Realestate

111

57

67

67(*)-111(*)(*)2631(*)

01

-2

6

3

40

-3-3(*)

-37-3

-4344

210

21

-2

21

Otherindus-tries

-28

2

-28

-39(*)(D)

-17(*)1

(D)-14

512(D)9

(D)

18

2

(D)

(D)-6(°)

-15-1-6_7-1

(D)(°)-2

-3

-2



All countries

Canada

Europe


Other EuropeSwedenSwitzerlandOther .

Japan


Latin America


Other Western HemisphereBermudaNetherlands AntillesU K. Islands, CaribbeanOther .



Memorandum — OPEC

Allindus-tries

6,721

82

4,915

4,55930944

-44-20-16

3,2521,100

22355

64290

2

728

39

811

18747

140624-555813366

603724

85

45

Min-ing

6

14

5

7-1(D)4-1-2(D)(*)0

-120

(°)(D)

(*)

-4

1

000101

(*)0

000

0

0

Petro-leum

3,076

25

2,893

2,871<">2358

-11<D)

2,56838(D)22(D)11(D)

6

1

150

11(D)(D)

1395

75(D)(D)

(*)0

(*)

(*)

0

Manufacturing

Total

1,261

209

852

827-54-28

57-25

8462517

525302127

48

7

571

613-7564(D)

523(°)31

-2-3

1

-5

2

Foodand

kindredprod-ucts

267

(D)

173

262(*)16-9

1(*)

129130

2-90

(*)(°)(D)

5

-2

(D)

1(*)(*)(°)0

(°)<*)

0

(*)(*)

0

-1

(*)

Chemi-cals and

alliedproducts

513

15

391

338(D)

-66124

00

111220

(D)531

52(*)

28

3

79

-9(D)(°)880

90-5

3

10

-1

-2

-1

Primaryand

fabricat-ed

metals

307

-18

231

2244

10919-2

21878(*)

7-825-9

16

16

59

11(D)(°)49(D)(D)

7D)

303

(*)

3

Machin-ery

102

(D)

86

35(D)

-18-73

21(D)

153-8

25136238

37

3

(D)

23

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

5

(*)0

(*)

1

(*)

Othermanu-

facturing

72

38

-29

32(D)

-69-117

-1(D)5097(D)32

<")(D)

-38

-14

120

2(D)(D)

1181

89(D)(D)

-4-3-1

-1

(*)

Whole-sale

trade

700

43

188

89-18

991

-12-13-30

68-49919888

519

-4

-28

-7-5-2

-21(D)aii614

23

4

Retailtrade

395

36

329

335(D)2560(*)-152(D)0

-6-2

31

-8

5

7

-1_1(*)8

(D)13(D)3

000

26

0

Bank-ing

976

195

392

238(°)326324(D)

107124(D)

154(*)

11935

107

15

148

1452

14430423

322012

86

31

Finance,except

banking

47

18

-40

98-15-74

112

(*)-14

0582

543

6

(D)

19

213

17(D)(°)21(D)

(D)(D)1

5

1

Insur-ance

263

-63

256

242(*)-37630

6798(*)133

101

8

(D)(D)

(°)

(°)

(*)64100

000

(*)0

Realestate

34

34

37

38(*)(*)3

(*)(*)1522(*)-2

01

-3

9

1

-53

-7-3-4

-46-94332

606

1

4

Otherindus-tries

-36

-10

14

11-1(D)27(*)(*)(D)(D)33

(D)(D)(*)

34

-9

(D)

(D)-15

(D)-46-235-7-2

(D)(D)-1

-4

3





All countries

Canada

Europe

European Communities (10)BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited KingdomDenmark, Greece and Ireland


Japan


Latin America





Memorandum — OPEC

Allindus-tries

3,050

-684

2,922

2,780109

-390-447

1-5

1,5541,843

26142-9226

-74

393

-2

196

492675

147-36292

-106-4

17027

143

55

158

Min-ing

187

-65

-117

-111-118-3(*)

-~9020

-605

-1

(*)

-4

-2

000

-20

-2(*)0

000

0

0

Petro-leum

2,256

281

2,497

2,501(D)10

-56-11

(°)1,383

(D)(D)3

(D)4

(°)

(*)

(D)

37

5(D)(D)31-754-4

-11

(D)0

(D)

0

(D)

Manufacturing

Total

2

-176

132

289-60149

-353-21

1430435

8158

-39-49

70

68

-30

185

58-30

28243

24225-5-1

-41-1

-40

(*)

(D)

Foodand

kindredprod-ucts

507

3

461

4153

12-10-3

1243173-246(D)(D)2

4

-1

45

1(*)(*)44

440(*)

0

(*)(*)

0

3

(*)

Chemi-cals and

alliedproducts

247

53

268

136(D)

-952800

78166(D)

1322

130(*)

(*)

3

74

1-1

0-73

0-75

(*)3

-20

-2

1

-2

Primaryand

fabricat-ed

metals

397

24

330

37(°)-6

-29-5

1-43

60(D)

-293(°)(D)

-53

2

-20

(D)

-25(D)(D)(°)(D)(D)(D)0

(D)0

(D)

-1

(D)

Machin-ery

-123

-169

-129

81(*)18

-107-11

(*)92

-392

-47-17-22

9

16

1

(D)

22

(*)(°)(*)(D)(*)

—4

— 10

_1

(D)

-1

Othermanu-

facturing

-232

-39

-139

-144-7

-43-236

-1(*)607665476

82

-13

44

-35(D)CO79(D)73(D)(*)

(D)—2(D)

(D)

(*)

Whole-saletrade

14

6

-111

-162-524

12911-3

-199-48-1511356

-18

202

(D)

-54

39-33

6-14

(D)412

(D)

(D)(*)(")

-33

(D)

Retailtrade

388

16

354

362

%-59

852(D)0

-8-3

1-3

-7

1

2

-2-3

14

(*)11-8

1

000

22

0

Bank-ing

616

70

102

-293

16-148

393

93372

1313

10820

238

9

107

1091

108-2

04

(D)(D)

1578

74

25

Finance,except

banking

-68

20

-114

-160-29200-6

1(*)658

(*)46(*)2619

10

(D)

(D)

(D)(D)(D)

-16(*)61

-77(*)

(D)(D)(D)

1

(D)

Insur-ance

282

-180

377

27711

6520

52156(*)

101(°)87(D)

5

(D)

(D)

(D)(D)(*)1918100

000

(*)0

Realestate

-171

35

-165

-157(*)

-2(*)

20854(*)

g0

-3-5

(*)

2

54

-9-6-3

-455

-43-4

7

1(50

16

-5

17

Otherindus-tries

-81

-130

-33

-30(D)

-17-14

1-12320(D)-3-1

2-4

13

(D)

-88

-17203

71C0)

-61(D)-1

(D)(D)<°)

-5

(D)



All countries

Canada

Europe



Japan


Latin America



Middle EastIsraelOther .


Memorandum — OPEC . . .

Allindus-tries

6,449

107

4,964

4,442181159135

-43-11

2,0422,254

4352133

518-29

1,095

37

270

1013071

169-45303

-46-42

351853

11

7

Min-ing

28

20

-42

48(*)13

-1-1

-431070

(D)(D)

(*)

(D)

(D)

000

(D)0

(*)(*)(D)000

0

0

Petro-leum

1,866

-193

2,143

2,155(°)(*)

-50(D)

1,158(D)(D)

-12-7(D)(°)

3

1

-80

22

(*)-82

(D)37(D)(D)

g0

-8

0

-7

Manufacturing

Total

1,121

27

1,089

915-12

12139-31-348359212

174-8198-16

-54

25

138

-8254

-2822036

191-6(*)

48-6

-42

(*)

(D)

Foodand

kindredprod-ucts

564

4

501

42416

105

(*)258175-178(*)(°)(D)

10

(*)

53

1(*)(*)52(D)(°)(*)

0

(D)(°)

0

(D)(*)

Chemi-cals and

alliedproducts

766

3

744

591-20

80112

00

175247-2153-8162-1

-10

4

28

-5-5(*)33(*)33

— 22

(*)0

(*)

-3

(*)

Primaryand

fabricat-ed

metals

-323

64

-210

674

-107-16

(D)(D)1057-3

-144-19

(D)(D)

-4

15

-25

68(°)(D)43(°)P)(*)0

(D)0

(°)

(D)

(D)

Machin-ery

28

29

-58

-77(*)13

112-16

(*)50113

192

20-3

10

(*)

49

23

-147(D)(D)

2

(*)0

(*)

-1

(*)

Othermanu-

facturing

86

10

112

444

47-112

(D)(D)10

101156817492

-60

6

33

-12(D)(D)453

46-4(*)

(D)(D)(D)

(D)

0

Whole-sale

trade

1,194

-17

451

3591853

286-12

1195

-777

924553-6

787

—4

15

(*)(*)(*)15

-465362

5(*)5

43

3

Retailtrade

498

28

434

428(D)(D)34(*)-167

42906

-39

(*)

-7

(D)

(D)

(D)(D)1

13-119(D)(°)

000

19

0

Bank-ing

868

116

274

191(D)20

-2524(D)

131347

832

792

351

-3

69

85-186

-1604

(D)(D)

1293

50

24

Finance,except

banking

146

55

46

-89-11130

-13(D)4

2634(D)43

4346

7

(D)

105

32

(*)102(D)7331(D)

8(D)(D)

(D)

(D)

Insur-ance

692

87

509

404(*)3

7010

130199(*)

1042

1051

4

(D)

(D)

(")(D)1

(°)(D)100

000

(D)0

Realestate

340

126

214

186(*)

1-1

266

123(*)270

303

-35

3

-17

9112

-26-12-21

10-3

420

42

9

45

Otherindus-tries

-250

-87

-63

-613

(D)-27

(D)-71

(D)7

-324

-10

39

-3

-65

6-21

15-58

1-54-4-1

-46(D)(D)

-24

-31


U.S. GOVERNMENT PRINTING OFFICE 1984 0 - 455-573 : QL


CURRENT BUSINESS STATISTICS

The statistics here update series published in BUSINESS STATISTICS: 1982, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume(available from the Superintendent of Documents for $8.00; stock no. 003-010-00124-1) provides a description of each series, references to sources of earlierfigures, and historical data as follows: For all series, monthly or quarterly, 1979 through 1982, annually, 1961-^82; for selected series, monthly or quarterly,1961-82 (where available).

The sources of the series are given in BUSINESS STATISTICS: 1982; they appear in the main methodological note for each series, and are also listedalphabetically on pages 135-136. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sourcesare provided through the courtesy of the compilers, and are subject to their copyrights.

Unless otherwise stated in footnotesbelow, data through 1982 and ,, ..

methodological notes are as shown in umisBUSINESS STATISTICS: 1982

Annual

1982 1983

1983

Aug. Sept Oct. Nov. Dec.

1984

Jan. Feb. Mar. Apr. May June July Aug. Sept.

GENERAL BUSINESS INDICATORS

PERSONAL INCOME BY SOURCE tSeasonally adjusted, at annual rates:

Total personal income... . bil"^Wage and salary disburse-

ments, total .. doCommodity-producing indus-

tries, total doManufacturing do

Distributive industries doService industries doGovt. and govt. enterprises do....

Other labor income doProprietors' income: $

Farm doNonfarm do

Rental income of persons with capitalconsumption adjustment bil. $ ..

Dividends doPersonal interest income do...Transfer payments.... doLess: Personal contributions for

social insurance doTotal nonfarm income doDISPOSITION OF PERSONAL INCOME t

Seasonally adjusted, at annual rates:Total personal income ....bil. $Less: Personal tax and nontax

payments doEquals: Disposable personal

income . doLess: Personal outlays.. .. do

Personal consumption ex-penditures doDurable goods doNondurable goods doServices do

Interest paid by consumers tobusiness do

Personal transfer payments toforeigners (net) do

Equals: personal saving . doPersonal saving as percentage of disposable

personal income § . percentDisposable personal income in constant (1972)

dollars bil $Personal consumption expenditures in

constant (1972) dollars doDurable goods doNondurable goods doServices . do

Implicit price deflator for personal consumptionexpenditures index, 1972—100

INDUSTRIAL PRODUCTIONFederal Reserve Board Index of Quantity Output

Not Seasonally AdjustedTotal index 1967 = 100 ..By industry groupings:

Mining and utilities ... doManufacturing do

Nondurable manufactures doDurable manufactures do .

Seasonally AdjustedTotal index doBy market groupings:

Products, total . doFinal products do

Consumer goods do...

25846

15687

5093382937863743306.61555

21 8892

51.566 5

36663761

111 425321

25846

4041

2180520445

1 984 9245175759822

585

121360

6 2

1 058 3

963 3140 5363 1459 g

2060

138.6

1463137615621247

1386

14181415142.6

27442

16592

519339523986413 1328.2173 1

138107 9

58.370 3

37634050

119 62701 1

27442

4042

2340 122220

2 155 927988017

1 074 4

651

10118 1

50

1 095 4

1 009 21575376 3475 4

2136

147.6

14291482168 11345

147 6

1492147 1151.7

27599

1 667 8

5219397739734153333.31759

129111 1

54.570 8

3831404 0

120 12 717 9

27599

3955

2364 42 246 7

2 179 628358107

10854

661

1 1117 7

5 0

1 100 8

1 014 8159 2377 8477 8

2148

153.3

1522153417761367

151 8

15321507156.3

27850

16822

5295403740024209331.6178 0

136114 1

56.871 4

3867403 4

121 12742 4

27850

3990

2386 12 260 2

2 1924284 78145

10932

666

1 1125 9

5 i

1 106 4

1 016 71592379 1478 4

2157

158.4

1482160018321439

153 8

15491521157.3

28149

17060

53424076411 54272333.2180 1

1481147

58.972 2

3875403 3

122 62771 0

28149

404 6

2410 32 285 3

2 216 5295 3823 1

10980

676

1 21250

5 3

1 118 2

1 028 31650383 14803

2155

158.4

1416160718211459

1550

15561527156.9

28342

17122

53894120411 54268335.1182 1

158114 6

60.9729

3878410 8

122 92789 4

2 834 2

407 2

2426 92 297 8

2 228 2295 8825 2

1 107 2

68 5

1 1129 1

53

1 123 3

1 031 3164 9385 0481 4

216 0

154.7

1426156 117391438

155 3

15581532156.1

28604

17279

5438416241664306336.9184 3

214114 5

61.373 3

3894412 2

123 92 810 1

28604

411 8

2448 72 316 8

2 2459308 2820 5

1 117 1

69 8

1 1131 9

5 2

1 131 3

1 037 6171 8381 4484 5

216 5

151.5

1526150916451414

156 2

15741552157.7

28974

17476

552 3421 141824361341.0186 3

30 11207

61.174 0

3966410 2

129 12 838 3

28974

415 2

248222 360 6

2288 8317 6850 6

1 120 6

70 6

1 2121 6

5 6

1 141 8

1 052 8177 5391 3484 0

217 4

154.3

158 4153 916681450

158 5

159 71575159.5

2923 5

17551

557 4425 24177437 1342.9188 1

365122 9

60.8750

4038410 9

129 52 857 9

2 923 5

419 0

2 504 52 340 9

2267 6308 8837 6

1 121 2

72 2

1 2163 6

6 1

1 149 2

1 040 4172 3386 0482 1

217 9

160.2

152 7161 217541513

160 0

16041580159'.4

29406

17646

558242754216440 4344.4189 9

309123 8

61.2760

4114412 8

130 12 880 5

29406

420 8

2519 72 347 3

2 273 2306 48356

1 131 3

730

1 2172 4

6 5

1 151 8

1 039 1171 2383 8484 2

218 8

161.5

149 11632177 11536

160 8

161 11586160.2

2968 5

1 7853

5651431842694474345.9191 7

2541257

61.676 9

4184414 9

131 32913 8

29685

425 0

2543 52 385 1

2310 130978553

1 1451

740

1 0158 4

6 1

1 160 4

1 053 9172 9393 7487 2

219 2

161.2

145 6163317761534

162 1

16251602161.4

29788

17898

5663431742844478347.3193 5

214126 2

62.077 1

4256414 8

131 52 928 1

29788

4296

2 549 22 417 1

2340 132548600

1 154 8

759

1 0132 1

57

1 163 1

1 067 7180 9397 3489 4

219 2

161.8

145 5164017871538

162 8

1633161 1161.7

30065

18043

5696433343324527

: 348.81953

235127 1

62.477 6

43294159

132 52953 5

30065

4363

2570 22 426 3

2347 932698597

1 1612

773

10143 9

56

1 172 4

1 071 01820399 0490 0

2192

167.5

1525169518591582

164 4

16531631163.0

r3 026 8

1 812 4

r57124350

r435 9r454 8350.5

196 7

r2591269

62.7780

r4402r417 1

133 0r2 971 3

r3 026 8

r4399

r2 586 9r2 428 4

r2 348 7r3202r8592

1 169 2

786

1 1

158 5

6 1

1 172 9

1 064 81784r396 1r4903r2206

162.6

1567163618011522

165 9

16741652164.0

r3 045 1

1 8162

r5738r4374r4339r4559352.51981

r284127 1

63.078 2

r4473r4199

'133 2r2 986 8

r3 045 1

r4423

r2 602 8r2'428 6r2 347 8

^3136r8561

1 178 1

797

1 1

1742

6 3

1 173 4

1 058 5'l750392 24913

2218

"168.1

P1605"1689P1870"1564

"166 1

"1675P1656"163.2

3071 1

1 8279

5732435543864621354.01995

3101284

63.379 4

4540421 5

134 13 010 1

3071 1

4465

2624624632

2381 331818745

1,188.7

807

1 1

1615

170.3

1552172319071595

165 1

16701649161.6

See footnotes at end of tables.

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

S-2 SURVEY OF CURRENT BUSINESS October 1984Unless otherwise stated in footnotes

below, data through 1982 and IT .,methodological notes are as shown in

BUSINESS STATISTICS: 1982

Annual

1982 1983

1983

Aug. Sept. Oct. Nov. Dec.

1984


GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION— ContinuedSeasonally Adjusted— Continued

By market groupings— ContinuedFinal products — Continued

Durable consumer goods 1967=100...Automotive products do ....

Autos and utility vehicles doAutos do

Home goods doNondurable consumer goods do....

Clothing doConsumer staples do....

Consumer foods andtobacco ... do

Nonfood staples ..do....Equipment.. do

Business equipment do....Industrial equipment # do....

Building and miningequip do

Manufacturing equip-ment , do

Commercial, transit, farmequipment # do....

Commercial equipment do....Transit equipment .....do ....

Defense and space equip-ment do

Intermediate products do....Construction supplies do....Business supplies . . . do

Materials doDurable goods materials doNondurable goods materials doEnergy materials do

By industry groupings:Mining and utilities . . . do

Mining doMetal mining do..Coal doOil and gas extraction # do....

Crude oil doNatural gas do

Utilities . doElectric.. .. do

Manufacturing doNondurable manufactures do

Foods doTobacco products doTextile mill products doApparel products doPaper and products do....Printing and publishing do....

Petroleum products doRubber and plastics products do ....Leather and products do

Durable manufactures do....Ordnance, pvt. and govt doLumber and products doFurniture and fixtures doClay, glass, and stone products do ....Primary metals do

Iron and steel doNonferrous metals . . . . do

Fabricated metal products do .Nonelectrical machinery doElectrical machinery doTransportation equipment do ...

Motor vehicles and parts ...do...Instruments do

BUSINESS SALESMfg and trade sales (unadj ) total @ mil $Mfg. and trade sales (seas, adj.),

total @ doManufacturing, total tt •• • • do

Durable goods industries doNondurable goods industries do

Retail trade, total $.... doDurable goods stores doNondurable goods stores do

Merchant wholesalers total f doDurable good^ establishments doNondurable goods establish-

ments doMfg. and trade sales in constant (1972)

dollars (seas adj.), total § . bil $Manufacturing , doRetail trade doMerchant wholesalers do

129.2129.5990866

129 1148.0

159.0

1497169.71398157.9134.9

2142

107.2

184.4253.5103.9

1094143.3124.3162113371250157.5125 1

1463126182.4

1427131.195 1

104 1112 11687190513761562151 1118 01245

150.8144.1196 1121 8254.7

60 9124.7869

112 6151 9128.2753617997

114814901693104.9109.8161 9

4 122 053

1 4 1220531 1910 317

922 313988 004

1 1,074,561324 489750 072

"I 137 175467 107

670 068

147.5158.2134011741414153.4

163.7

1535175.41408153.3120.4

1593

107.1

191.3273.295.2

1199156.6142.5170714521386174.51248

1429116.680.9

1363116.695 1947

122 8172419601482168 11564112 1140 8

164.3152.5215 01203291.961 9

134.5954

1372170 5143.485471 5

1101120215061855117.8137.11587

4 405 156

M405 156; 2 047 4001 021 5141 025 886

; 1,173,966385 141788 825

1 1 183 790504 810

678 980

154.2168.1147013201464157.1

168.0

1563181.61431156.6124.3

1592

113.3

194.0277.495.9

1202162.2149.0175314971442178.01280

1460116 180.9

141 2114.7943910

12501793205415281729159 3117 1147 4

168.6157.8220 31232306.9

64 4138.8968

141 6179 0147.987575 1

1081126015731892121.1144.31616

374 842

373 283174 112867308738298,27731 95166326

100 89442757

58 137

1654756497401

157.5172.9153 113501488157.2

167.6

1546182.71449158.7125.6

1608

115.0

196.9281.797.6

121 8165.4151.417931522147 4182.31264

1465117 178.7

1405116.3954915

126 51793204515511746158 21127148 7

170.4161.7224 1125 1310.9

64 2141.6980

149 3180 "151.790678 2

1135127415831958124.7150.91636

386 670

379 229177 521889638855899,5373290566632

102 17143 535

58636

1670764503403

156.7171.3149212961484157.1

167.2

1560180.31470161.3126.6

1669

114.6

201.3288.1100.0

1229166.5152.318061540149.4185.31263

1458118.381.0

1427117.394492.9

127 417652007156217561576109 11487

171.5162.7228 41236310.8640

142.8988

141 7181 0151.9953843

1155126.915921984125.5150.91630

389 500

382 457177 32489 18188143

100,9233388267041

104 21044 519

59 691

168 176.6507408

155.9171.5149212941472156.1

165.4

1545178.1149 1164.1128.6

1758

114.3

205.1292.5103.2

1240165.5151.617941545150.3184.8127 1

1472121.184.6

1448119.894096.7

132 21763200215641748157 1109 5145 8

172.1162.0225 61254309.163 2

143.6993

141 0177 5152.7922792

11411285161 82001127.3152.91630

389 339

386 564180 8759231188564

101,8963464167255

103 79344 946

58847

170278.251 2408

158.6178.415781374147 5157.3

166.0

1554178.31518167.3130.8

1853

115.1

209.6298.9]06.0

1257165.4151.517931545151.3180.31300

151 5123.782.3

1452123.494698.5

133 91825208015681739157711231450

170.1161.7221 1114 4314.4

66 0145.0998

143 8177 9153.890474 1

121 512921643201 5130.8158.91646

412 744

395 682186 3529635190001

102,4383553266906

106 89246 363

60529

174 180.451 941 8

163.4184.5163314071515157.9

166.5

1565178.21549170.7133.7

1851

119.7

213.3303.2110.1

1283167.8155.518011566154.6181.21313

1514124.889.4

151 5123.196499.6

134 8181 0206815951752159411641439

172.3163.4221 51188317.261 4

148.6997

146 0183 8157.8932807

1174131.716952062134.9166.31678

367 603

401 133184 4069528389 123

106,60237 12769475

110 12547 855

62270

1753794532428

162.5182.116221404151 5158.2

166.9

1568178.7156 1171.9134.6

1820

120.9

215.1305.9110.1

1295169.0156.618131594158.6184.1131 0

1489124.197.4

1632119.694699.2

133 o1765200016141772160011091423

176.6164.8224 81276318.563 9

150.5996

14561856160.4984860

1213132.817092099135.2164.41686

383 524

398 815185 0059629788708

105,48236 90968573

108 32847 308

61020

174 179452841 9

163.1184.1164 1142.4151.3159.1

168.0

1576180.1156.4172.1134.8

175.2

124.2

215.3306.9109.2

130 1170.2159.1181.3160.4159.5185.91313

150.4123.8100.0164.0118.293.5

100.7135 81800204616211776161 2111 81435

173.8165.222501270323.8639

151.4100.614931846160.297.5844

1225134.9171 9212.0135.8165.81697

417 312

401 905188 47996,99091489

103,8733530668567

109 55348454

61099

174480.3519422

162.2180.91584134.5151.7161.1

170.2

160.4181.6158.5173.5135.9

173.6

126.2

217.0309.6108.9

1332171.0159.6182.3161.5161.3185.7132.1

151.3123.398.5

151.4118.897.0

100.9140 41827207.7163.4179.1163 111331400

172.4166.3228 31268328.0635

152.6101.4151 21866160.099.3840

122.9135.5174.9214.6134.5161.91710

401 673

405,880187,33295,69791 635

107,50537,43670,069

111 04349366

61677

175979.7534428

161.4179.8155.9132.9151.1161.8

171.6

161.0183.9160.3176.5138.5

182.9

127.4

220.5315.5109.7

1331171.6159.5183.5162.0161.6187.4131.9

152.1125.098.0

153.9120.495.7

100.2144 0182.3206.8164.2179.9164211281405

174.1167.5227 9127.9334.1614

153.3100.8146.31905160.698.283.5

121.4136.5178.8214.5135.0163.01718

423 493

412,725189,37697,94491432

108,2373791270,325

115 11251 188

63924

179580.8543444

163.6184.3158.7136.2

152.0162.7

173.2

161.9186.3163.3

181.1140.4

185.8

128.6

'228.1r326.3115.1

133.5173.5160.9186.1162.9163.0

186.7133.2

154.1127.0

r96.8161.5

121.6r95.5100.5

1479184.3r209.6165.7181.3165111831407

174.6169.0r231 0127.5341.0r600154.9101.7148.5191.9

159.7r97.983.5

122.1138.7

182.0r216.0137.2165.3

174.5

429 613

414,124190,40199,04291359

109,32238,68770,635

114 40152212

62189

180381.2547444

163.8184.9

161.0138.7

151.9164.1

174.7

163.4187.9166.8185.2143.0

190.0

130.1

'233.8'332.2120.4

135.9175.6161.4

189.6163.6164.2186.9133.5

154.3129.6

r96.4176.5

122.4r95.9

151 9181.9r205.9167.4182.4166.1117.1

139.8

176.3173.6r2330124.7'341.4

r60.6157.0101.7146.0192.6160.9'94.5r76.5

131.7140.6186.1'221.5140.6

169.0177.1

'392,505

'411,410190,658'98,390'92,268

107,442'37,452'69,990

113310'50 875

'62,435

178.6'80.9r537'44.0

"162.6"182.6"159.4"134.3"151.4"163.5

"174.2

"187.7"168.8"188.0"144.5

"190.9

"131.5

"238.4"337.3"125.4

"136.4"174.9"161.3"188.4"163.9"164.9"186.7"133.2

"154.0"128.7"90.9

"171.7"122.5"95.9

"1517"182.3"206.3"167.8"182.2

"140.5

"174.4"174.2"2336"125.0"340.9"62.3

"157.8"105.5"148.5"195.1"160.2"92.6"75.3

"121.8"140.0"189.5"222.4"141.0"170.3"177.3

413,864

410,679191,935101,09190,844

106,80836,65570,153

111 93650501

61435

178.781.953343.5

159.0172.3145.4121.1151.5162.6

173.4

187.4169.5188.5143.8

188.1

131.1

'240.1'341. 7e 124.6

e 137.7174.7f 160.7

162.1162.0e 186.2e 132.5

153.7128.7

174.3122.3

181.7'2105.5166.7181.5

174.5175.4

123.8

156.5106.6

'89" 5

138.7188.0'223.5136.7160.3178.0



October 1984 SURVEY OF CURRENT BUSINESS S-3Unless otherwise stated in footnotes

below, data through 1982 and .. .methodological notes are as shown in


Annual

1982 1983

1983


1984



BUSINESS INVENTORIESMfg. and trade inventories, book value, end of

period (unadj.), total @ mil $Mfg. and trade inventories, book value, end of

period (seas, adj.), total @ .... mil $Manufacturing, total ft do

Durable goods industries doNondurable goods industries do

Retail trade, total $ doDurable goods stores doNondurable goods stores do

Merchant wholesalers, total t- doDurable goods establishments doNondurable goods establish-

ments doMfg. and trade inventories in constant (1972)

dollars, end of period(seas. adj.),total §....bil. $ ..Manufacturing doRetail trade doMerchant wholesalers doBUSINESS INVENTORY-SALES RATIOS

Manufacturing and trade total @ ratioManufacturing total "j"f do

Durable goods industries doMaterials and supplies doWork in process doFinished goods do

Nondurable goods industries doMaterials and supplies .... doWork in process doFinished goods h .. . .do . ..

Retail trade total $ doDurable goods stores doNondurable goods stores do

Merchant wholesalers, total t. doDurable goods establishments do ....Nondurable goods establish-

ments doManufacturing and trade in constant (1972)

dollars, total § doManufacturing doRetail trade doMerchant wholesalers do....

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS tt

Shipments (not seas, adj.), total mil. $..Durable goods industries, total do ....

Stone, clay, and glass products doPrimary metals do

Blast furnaces, steel mills doFabricated metal products doMachinery, except electrical doElectrical machinery.... doTransportation equipment do

Motor vehicles and parts. doInstruments and related products do

Nondurable goods industries,total doFood and kindred products . doTobacco products doTextile mill products do....Paper and allied products do....Chemical and allied products .. doPetroleum and coal products do....Rubber and plastics products do....

Shipments (seas, adj.), total doBy industry group:

Durable goods industries, total # do....Stone, clay, and glass products doPrimary metals do....

Blast furnaces, steel mills doFabricated metal products do ....Machinery, except electrical doElectrical machinery do...,Transportation equipment do

Motor vehicles and parts.... ...doInstruments and related

products do..,Nondurable goods industries,

total # doFood and kindred products do ....Tobacco products doTextile mill products doPaper and allied products do . ..Chemicals and allied products ..do...,Petroleum and coal products doRubber and plastics products do

500 915

505 546264 599175 00989 590

125 3845674868 636

115 56376013

39550

1 52173237

72103

611 13

4418

.501422181091252.01

72

1,910,317922,31344005

107 03147,320

113 975180 612141 056195 054112'l7748873

988 004277 324

14 45547,21778,989

172 803206,43050,163

509 324

514 336260 426171 57188 855

135 84363 44772396

118 06775811

42 256

1 371 522 01

609051

103411746

1 331851071 17176

72

2,047,4001 021 514

49058117 90448189

120 570178 267156 016240 496151 87050016

1 025 886286 605154625221985135

190 230191,55150,320

500 692

504 284259 074170 28388 791

130 9835940071583

114 22773076

41 151

2563136266054 1

1 351 491 96

598850

102411745

1331861081 13171

71

1 55180133135

171,64983373

4 47697484026

10 30614 1021241618 43611*6904 084

88 27624 1671 26446517274

1575116,7844,305

174 112

867304235

10 1214 189

1022715013127622098813656

4 145

87382240181 22045187 108

16,348166914 168

506 404

506 984259 168170 08489 084

132 1426062771515

115 67474249

41 425

25681359665544

1 341 46191

578648

1 01401644

1 331841 071 13171

71

1541-78132135

185,88293,1894688

105054245

11 107160341439821 61314'oi54596

92 69325 9081 52548307,425

17 53216,9614,514

177 521

889634304

102864266

10 61615416135712106313732

4297

8855824,316

143245237,229

16,904168684354

516 614

509 171259 569170 21989 350

132 77761 04871 729

116 82574806

42 019

2573135866854 7

1 331 461 91

578648

1 01401744

1 321801071 12168

70

1 531771 32134

182,791927354 531

106594300

11 22415 6061406621 94814 9884 444

90 05624 6941 34148077462

16 29016*.2954574

177 324

89 1814 226

106314 406

1068115 5881359420 60913513

4305

88 14323904

12954*6157354

17,145162184308

521 655

511 453259 873170 65689 217

134 6226244172181

116 95874791

42 167

258 11359675547

1 321 44185

558346

101401744

1 321801071 13166

72

1521741321 34

179,71291 5724289

105424382

10 52215 5341405922 W14 8854 415

88 14024 0501 4104 4747275

16 07816,0844300

180 875

923114 346

11 1644 641

10766159121396622 03914395

4304

88 56423765142344827542

17,209160744499

509 324

514 336260 426171 57188 855

135 84363 44772396

118 06775811

42256

2590135 9679552

1 301 401 78

54804499401643

1 331 791081 10164

70

1 491 69131132

179,624923443734

10*9324*476

10 00617 54614 33022 01413*2224 674

87 28024 3441 7714*4967 135

16 70616,4124095

186 352

963514 250

119644 796

10 88916 4441457923 53115602

4568

90001245021 61848067701

17,32916 0934567

513 621

518 062260 884171 54989 335

137 97763 74974 228

119 20176408

42793

2602135 968 855 5

1 291 411 80

548145

1 00411643

1 291 72107108160

69

1 481711291 30

169,717858153 758

10 52643009 891

14 42913 12921 819153724 041

83 902227011 0354 2027459

1648515,5823985

184 406

952834 462

107834 335

10 90416 3271432724 22316761

4 490

89 123245421 13747707743

17088156994264

525 177

527 216264 074173 20390 871

142 73166 51376218

120 41176910

43 501

2632136 9703560

1 321 431 80

548144

1 02421744

1 351891 111 111 63

72

1 51172133134

186,65596948

4 328114574789

11 12116 71714 43524 52916 8654 333

89 70724 300

1 24147718024

17 48615,8254340

185 005

962974 634

109734 565

1108316 4811421624 25716540

4426

8870823998134947877797

17 159157514320

534 333

532 766267 379175 75191 628

143 9106694676964

121 47778188

43 289

2651138 2707562

1 331 421 81

558244

1 00401644

1 391901 121 11161

71

1 521 72136133

197,619103 730

4 51112 4045211

11 58918 5061579125 64917 6364 851

93 889254541 50051868149

1870316,8424494

188 479

969904 458

11 5714 751

1097717 029151272321515 890

4590

9148924,7501 61447107778

17,262173144438

542 347

541 060270 392177 99392399

146 8836901077873

123 78578438

45 347

26801389718573

1 331 44186

558545

1 01401644

1 371841 111 11159

74

1 52174134134

188,667979674 578

117725012

11 18116 6851463724 16716 3634*634

9070024 3391 28646947917

18 30816,5794475

187 332

95 6974 486

11 1914 719

1093016*76814 6062284515175

4734

91 63525 143132147377784

1764317 1684330

545 727

545 912274 593180 57894015

146 9516827778674

124 36878817

45551

27001405718577

1321 45184

558445

103411645

1 361801 121081 54

71

150174132130

191,41699 9684719

117565097

11426176441497024 465167174710

91 44824 5451 42047628076

1849316,5344,411

189 376

979444612

11 3425032

1121917 70415 00623 19615558

4809

9143224944141446878026

17 559165074400

544 853

546 834277 481182,45295029

145 3596689678463

123 99479696

44 298

2700141 671 1572

1 321 46184

558545

1 04411746

1 331731 11108153

71

150175130129

201,941106,969

4923122155,264

12017195291651025824170585122

94 972254081 64149958,546

1904517,0444,682

190 401

99,0424495

114884906

11 14517 8211543523 62715*324

4774

91359244091 56645958,189

17,901165414352

r547 096

r551 366r280 019184,559

r95 460145 120

r66 141r78 979

126 227r81 191

r45 036

r272 11426r71 3r582

1 34147188

56r86r45

103r41

16r46135

! 1771 131 11I1 60

r72

1521761331 32

175,607r88 455

r452610 321

r4 43610 53115 58813 668r20 09112 855

r4386

r87 152r23 700

1 291r3856r7706

16 48716,471

r4,194190 658

r98 390r4575

11 364r4913

11 45917 29215 223r23 57615 722

r4883

r92 268r25 202

1295*"4520r8201

18 17216 537

r4*407

552,077

555,975283,543187,18396360

146 1736646779,706

126,25981,745

44514

274.01440714586

135148185

55.8545

1064117

.48137

'! 1 811 14

•' , 1 13i ' 1.62: i ' • 72

1531 176

1341.35

: 188,542i : ' 96,915!' 4 976< 11 176

4,67911 5841617615,02722581149374625

91627246081 4944,7248,184

1724216,4884,379

191 935

101 0914714

11,6014864

11 5251722715,4712569017371

4701

90844244541 44445838012

17933163824 240




below, data through 1982 and n .,methodological notes are as shown in uims


Annual

1982 1983

1983


1984


GENERAL BUSINESS INDICATORS-^Continued

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS t— Continued

Shipments (seas, adj.) — ContinuedBy market category:

Home goods and apparel mil $Consumer staples doEquipment and defense prod.,

exc. auto doAutomotive equipment doConstruction materials and

supplies doOther materials and supplies do

Supplementary series:Household durables doCapital goods industries do

Nondefense do ..Defense do

Inventories, end of year or month:Book value (unadjusted) total do

Durable goods industries, total .. doNondurable goods industries,

total doBook value (seasonally adjusted),

total doBy industry group:

Durable goods industries,total # doStone, clay, and glass

products doPrimary metals do

Blast furnaces steel mills doFabricated metal products do ....Machinery, except electrical do ...Electrical machinery doTransportation equipment do

Motor vehicles andparts .. do

Instruments and relatedproducts do

By stage of fabrication:Materials and supplies do....Work in process ... . doFinished goods ! do

Nondurable goods industries,total #... do

Food and kindred products doTobacco products doTextile mill products doPaper and allied products doChemicals and allied

products doPetroleum and coal

products doRubber and plastics

products ... doBy stage of fabrication:

Materials and supplies ' doWork in process doFinished goods do

By market category:Home goods and apparel . . . doConsumer staples doEquip, and defense prod.,

exc auto doAutomotive equipment doConstruction materials and

supplies doOther materials and supplies do


Nondefense doDefense do ..

New orders, net (not seas, adj.),total . doDurable goods industries total doNondurable goods industries, total do ...

New orders, net (seas, adj.), total do ..By industry group:

Durable goods industries, total .. doPrimary metals do

Blast furnaces, steel mills doNonferrous and other pri-

mary metals do .Fabricated metal products doMachinery, except electrical doElectrical machinery doTransportation equipment ... do

Aircraft, missiles, and parts do...,Nondurable goods industries,

total doIndustries with unfilled

orders $. . doIndustries without unfilled

orders Q doBy market category:

Home goods and apparel doConsumer staples doEquip, and defense prod., excl auto doAutomotive equipment do .Construction materials and

supplies doOther materials and supplies do...

Supplementary series:Household durables doCapital goods industries do ...

Nondefense . doDefense do

1 130 8881 367 743

1 290 7701 130 758

1 135 9451 854 213

1 57 7531 327 9901 27 1305

1 56 685

261 987172 615

89372

264 599

175 009

592321 4091066617,723400992659540446

8,315

9237

52,4757772444810

8959020678440761838563

19878

9389

5813

350741430940 207

2017933 259

76 42210468

18886105 385

9879861977025915938

1 888 668901 550987 118

1 1 888 668

1 901 550J101 010

1 43 539

1 48 2011 106 7901 162 9131 147 579; 200,596

1 67,743

'987 118

1 202 344

1 784 774

1 130 197; 367 7501 288 3241 129,6451 131,6671 841,085

1 57 1621 323,5651 248 166

1 75 399

1 145 1851 383 308

1 297 0161 174 193

1 157 1681 890 530

1 64 7771 337 4971 272,339

1 65 158

257 601169 023

88578

260 426

171 571

567719 2289 122

17,8193671128 15440528

9,460

9014

51,6407737242,559

8885520797393168998729

19 582

8232

5673

36 06614 48538 304

2094632 143

73 25711 626

19 134103 320

10 09383 1916543217759

2 081 2001 053 6711 027 529

1 2 081 200

1 1 053 6711 123 394

1 51 282

7 59 6181 119 4551 180 8741 165 5731 254 004

1 81,899

1 1 027 529

1 222 7061 804 823

1 145 8911 383 2421 310 8821 176 620

1 156 5721 907,993

1 65 3841 354 7121 273 162

1 81 550

12 42032265

2454715 517

1336775996

546227996225145482

258 403170 438

87965

259 074

170 283

570519 9629521

17,6083739827 06139580

8525

8957

50,7597633543 189

887912l'05442176 6788412

19 669

8475

5721

3539414 44138 956

20 25032809

73 25410 658

19 149102 954

9 76783 11565 31217803

172 27183 83988432

176 360

88 82010 7734 519

521210 180152071385421 1596033

87 540

18984

68556

12 468322732460816071

1342877512

5 51027990228875103

12 48932345

2552415 627

1377177765

559528948234825466

257 216169 056

88160

259 168

170 084

568519 7829401

17,54137 17427 17539687

8578

8937

50,8217640142862

8908421025420068148489

19 566

8674

5701

3573114 49038 863

20 44832209

73 14810 632

19307103 424

9 8488306365 55517508

187 6009473192869

180 336

91 50910 9984843

494210 52416 94414350204986 179

88827

18880

69947

1244132 3662726215492

1366979 106

5 51430449252955154

12 60131952

2512515 412

1374878486

57022874923 109

5640

258 831169 331

89 500

259 569

170 219

5694196689371

17,3523704227 34739809

8729

8949

50,9097678842522

8935020'783

4 12069668640

19 649

8680

5724

35 68214 64739 021

20 65032 128

73 22310 772

19217103 579

9 906830706571217358

189 53299 52990003

182 911

9477611 2734962

513810 5911707315055225517672

88135

19 177

68958

12 52931 9342796715814

1373780930

5 64532065254996566

12 85032 151

2628116 294

1394379356

58282982524 1385687

259 223169 575

89648

259 873

170 656

5688197009402

17,666370322751639646

8919

9023

51,1747658242900

8921720680405069548755

19 700

8462

5723

35 55814 84138 818

20 68332 223

73 04511 031

19275103 616

9 8608263165 26817363

183 56395 60687 957

186 606

9799112 1474 999

5935107361611514801257178,308

88615

19470

69145

12 87732 1763000916615

1386481065

582633684246809004

12 87833349

2744117 775

1391980990

585531 123254455678

257 601169 023

88578

260 426

171 571

5677192289 122

17,8193671128 15440528

9460

9014

51,6407737242559

8885520797393168998729

19 582

8232

5 673

36 06614 48538 304

20 94632 143

73 25711626

19 134103 320

10093831916543217759

184 37997 12487 255

188 374

9844411 8094836

56831077916 41515369251678477

89930

19712

70218

13 024333302758918060

1382482547

598032493248937600

13 28932 856

2597118 818

1395979513

598929810240925718

260 807170 750

90057

260 884

171 549

560019 0098?893

17,7653692228 12740716

9617

8828

51,9107705842581

893352099638706 9518829

19 509

8165

5 684

3648614 65638 193

21 28332497

73 44511 720

19 047102 892

10 144832786546617812

178 28494 00584279

188 671

9943911 6224 848

536110 98617 15915658249316423

89232

20 035

69 197

13 59132 8392755819042

1393781704

6 2993170125 0936608

13 07032477

2640918 594

1464379812

59303001024 1585852

265 548174 288

91260

264 074

173 203

559619 4349139

17^8923708928 47141 206

9751

9020

52,2287817342802

9087121 354383169608898

19 840

8739

5797

37 0631473939069

21 36532865

74 02511 945

19 199104 675

10 1618383965 62218217

194 643104 61190032

191 336

102 34511 4424 773

531611 411172151614326 7027487

88 991

20 141

68 850

13 44032 5003033518791

1477381497

6 2493430727 0187289

13 12433699

27 19317 996

1417782290

604330967252365731

268 783176 910

91 873

267 379

175 751

5687198869329

18,0343744428 90942082

9934

9087

52,8667992642959

91 62821 629377170668914

20 357

8319

5900

36 9561475939 913

2169533 173

74 84912167

19298106 197

10 3918520766 67018537

207 903114 09193812

196 477

105 18311 6574 988

530910 93118 303168922844411 263

91 294

19 658

71 636

12 802336373346917871

1428384082

5707383992686011 539

12 68033741

2680917 192

1428382627

593430784247995985

272 650179 644

93006

270 392

177 993

573020313

944418,167378732920142756

9974

9 146

53,0728146543456

9239921 511368370979036

20 585

8947

5786

369311486240 606

2202333 257

76 02012163

19539107 390

10623863426741718925

190 60199 92190680

189 715

9831711 8774782

577010 8891687314716245238001

91398

19899

71499

12590337312731917400

1426784408

5 83232133258856248

1320433786

2783017673

1433182552

629931 643258945749

276 642182 319

94323

274 593

180 578

5,782209349778

18,231381552973243757

10,178

9294

53,9678265843,953

94015222033,64572039 123

20810

9050

5992

376421502241 351

2226133773

77 06112479

19579109 440

10668877466825419492

193 010101 65991 351

193 680

102 25610 6534357

504611 5731879717535237766393

91424

20547

70877

13 440338063104417,561

1442983400

6 54434637289585679

1320233798

28,82917 404

1444482,724

650632,86926,8925977

277 528183,014

94514

277 481

182 452

5,86021 1509902

18,54738,5193017444219

10,281

9,358

54,42083,86344,169

95029220713,56673019203

21 617

8892

6185

374951516042374

2240533839

77 86312621

19663111 090

10801887786878919989

199 212104 41194*801

190 620

99 17110 1553877

4913110841851215988240557044

91449

20798

70651

13057337853061217282

1443581449

6 39435019280296990

13 116r34 295

r27 84117719

14 542r83,145

r6424r31 852r25,859

r5993

r279 512184,547

r94 965

r280 019

184 559

r5,878r21 158

r995718,394r39,060r30 824r45 093

10,565r9,483

r55,339r84,765r44,455

r95 460r22,039

r3,501r7367r9353

r21 758

r8,858

r6251r37 61815 038r42 804

r22,655r34 089r79 22412,889

19,717111 445

10971r90,369r69 593r20,776

177 480r90 211r87,269

194,037

101 70411 183

r4576r5,203

11 02418 14916 267r25 267

r8,259

r92 333

r20 873r71 460

13 159r34 271r29 85717 694

14 384r84 672

r6 452r34 863r27 648

r7'215

1279633755

28,27319259

14,83583,017

6,31232,27126,0226249

282,966187,361

95,605

283 543

187 183

5,931213151003218,28140,09631 41645913

10,538

9,540

55,65886,16245,363

96,36022,3503,46773879,433

22081

8,862

6,349

37,64415,27643440

22,70034,586

81 19212,945

19,629112 491

11,09292,39971 13421,265

187 2929607291,220

192,644

102,187112794762

5,14612031173821652325,2857,135

90457

20317

70140

12 941338183023018,927

1521981,509

6 47233975263037 672




below, data through 1982 and IT .,methodological notes are as shown in Units


Annual

1982 1983

1983


1984



MANUFACTURERS' SALES, INVENTORIES,AND ORDERS tt— Continued

Unfilled orders, end of period (unadjusted),total mil $

Durable goods industries total doNondur. goods ind. with unfilled

orders $ doUnfilled orders, end of period (seasonally

adjusted) total mil $By industry group:

Durable goods industries total # doPrimary metals do

Blast furnaces steel mills doNonferrous and other pri-

mary metals doFabricated metal products doMachinery except electrical - doElectrical machinery doTransportation equipment do

Aircraft, missiles, andparts do

Nondur. goods ind. with un-filled orders $ do

By market category:Home goods and apparel * doConsumer staples * . doEquip, and defense prod., excl.

auto * doAutomotive equipment * . doConstruction materials and

supplies .. doOther materials and supplies do


Nondefense doDefense doBUSINESS INCORPORATIONS @

New incorporations (50 States and Dist. Col.):Unadjusted numberSeasonally adjusted do

INDUSTRIAL AND COMMERCIALFAILURES @

Failures, total numberCommercial service doConstruction doManufacturing and mining do...Retail trade doWholesale trade do

Liabilities (current), total thous $Commercial service doConstruction doManufacturing and mining . doRetail trade doWholesale trade : do

Failure annual rate (seasonally adjusted)No. per 10,000 concerns ..

294 147285 266

8881

296 147

287 014151456 843

615521 6465575960 333

121 203

93037

9 133

3477799

183 0565246

1286690703

3057219 762123 10896,654

566 942

24908384048723,68397302783(2)

1 449 5941 374 3195 509 9024 479 4452 797 532

'88.4

327 947317 423

10524

330 122

319 3032081710094

819520 53458 36369 996

134 467

103 890

10819

4234728

196 6567618

12276108 610

3715236 703123 942112761

600 400

310 881300*272

10609

313 967

303 389186358 563

774820 85655 17666 131

127 776

97 101

10578

4181719

188 2016745

12563101 558

3730226 657119 749106,908

5351552828

312 599301 814

10785

316 782

305 935193479 140

7777207645670466 910

127 211

97447

10847

4133740

189 9396610

12461102 899

3649228 158121 562106,596

4989050445

319 340308 608

10732

322 369

311 530199899 696

784820 67458 18968 371

129 153

99487

10839

4061722

192 7817012

12450105 343

3592231 474123 952107,522

4933150441

323 191312 642

10 549

328 099

317 2092097110053

846020 64458 39269 206

132 831

101 605

10890

4088747

196 5097333

12371107 051

3590235 333124 494110,839

47 92451642

327 947317 423

10 524

330 122

319 3032081710 094

819520 53458 36369*996

134 467

103 890

10819

4234728

196 6567618

12276108 610

3715236 703123 942112,761

5196951557

336 515325 614

10 901

334 385

323 4572165610607

839220 61659 19571 325

135 174

104 419

10928

4537711

198 2407842

12254110 801

4026238 591124 941113 650

5288553044

344 503333 278

11 225

340 725

329 5122212710 816

853320 94259 93073 254

137 621

105 846

11 213

4909735

202 1688039

12385112 489

4346242 889127 802115 087

51 50153591

354 789343 641

11 148

348 717

337 7022221311 053

827520 89661 20575 020

142 845

111 450

11 015

4589672

208 4447913

12489114 277

4012250 319129,425120,894

5700353424

356 717345 592

11 125

351 099

340 3202289911 116

876520 85461 30975 129

144 527

113 463

10779

4499663

208 9518121

12471116 394

3911251 670130 512121,158

5425753933

358 317347 289

11028

355 398

344 6312221010442

870621 2086240077662

145 107

113 849

10767

4733682

212 1648010

12570117 239

4154254 663133 575121,088

5433851 166

355 590344 731

10859

355 625

344 765208779413

826921 1466309578214

145 534

114 309

10860

4590670

213 9507,888

12 561115,966

40431

256,817134,717:122,100!

r357 473r346 493

10 980

r358,990

r348 065r20 696

r9076

r8,298r20 709r63'949r79 254

147 224

116,329

10 925

r4631r646

r215 960r7,863

12403117,487

r4069r259,820136,501123,319

356,223345 650

10,573

359,702

349,16520,3758974

8,0852121764 10580306

146 819

116,814

10537

4,774709

217 9197,531

12,788115,981

4,229261,524136,782124,742

COMMODITY PRICES

PRICES RECEIVED AND PAID BYFARMERS t

Prices received, all farm products...!910-14 = 100Crops # . . do

Commercial vegetables do....Cotton i doFeed grains and hay doFood grains doFruit doTobacco do

Livestock and products # . doDairy products doMeat animals doPoultry and eggs do

Prices paid:Production items doAll commodities and services, interest, taxes,

and wage rates (parity index) 1910-14 = 100..Parity ratio § do....

CONSUMER PRICES(U.S. Department of Labor Indexes)

Not Seasonally AdjustedALL ITEMS, WAGE EARNERS AND

CLERICAL WORKERS, REVISED(CPI-W) ....1967 = 100 ..

ALL ITEMS, ALL URBAN CONSUMERS(CPI-U) 0 1967=100 ..Special group indexes:

All items less shelter doAll items less food Q doAll items less medical care <> do....

609525631469378401648

1 501696831876252

865

1,07657

288.6

289.1

27332884286.8

614551650534453407464

1 429679830831269

884

1,10556

297.4

298.4

28352983295.1

634600590566490410589

1 475669813813279

886

1,10857

299.5

300.3

28543005297.0

621584617533491414387

1 646659826781291

889

1,11256

300.8

301.8

28683023298.5

613577665541476412426

1 517649844758284

885

1,11055

301.3

302.6

2875303.2299.3

616579654564476405432

1 557653850742317

891

1,11655

301.4

303.1

2878303.9299.7

639590713568476398494

1 532689838807335

895

1,11957

301.5

303.5

2881304.0300.0

660599815529479399479

1 469724832853373

901

1,12859

302.7

305.2

2898304.8301.6

658592843555473391473

1457726820869364

903

1,13258

303.3

306.6

2914305.9302.9

663601771595483399481

1 448727807890339

910

1,13858

303.3

307.3

291.9306.8303.6

665605677575498412497

1444725801881353

912

1,14158

304.1

308.8

293.2308.6305.1

659621608622505413595

1444699795863303

909

1,14058

305.4

309.7

294.0310.0306.0

658627589587500392751

1444689783860286

907

1,13958

306.2

310.7

294.9311.0306.9

657615603576482375767

1444699789873294

901

1,13658

307.5

311.7

295.6312.0307.9

r655r623r707r567r460r390r912

1521r687801

r855273

897

1,13458

310.3

313.0

296.7313.2309.2

635596646566447388904

1,635675820821280

895

1,13456

312.1

314.5

298.1315.2310.7




below, data through 1982 and ,T .fmethodological notes are as shown in tiniis


Annual

1982 1983

1983


1984


COMMODITY PRICES—Continued

CONSUMER PRICES— Continued(U.S. Department of Labor Indexes) — Continued

Not Seasonally AdjustedAll items (CPI-U)— Continued

Commodities 0 1967 = 100 ..Nondurables do

Nondurables less food do....Durables Q do

Commodities less food Q .. doServices <} do

Food # doFood at home do

Housing 0 doShelter #Q do

Rent, residential doHomeowners' cost * Dec. 1982 = 100..

Fuel and utilities # 1967 = 100..Fuel oil, coal, and bottled

gas doGas (piped) and electricity do....

Household furnishings and op-eration () do

Apparel and upkeep doTransportation do

Private doNew cars doUsed cars do

Public . doMedical care. ... do

Seasonally Adjusted tAll items, percent change from

previous month QCommodities <) 1967 = 100 ..Commodities less food Q doFood do

Food at home doApparel and upkeep doTransportation do

Private doNew cars do. .

Services Q doPRODUCER PRICES §

(U.S. Department of Labor Indexes)Not Seasonally Adjusted

All commodities .. 1967 — 100By stage of processing:

Crude materials for furtherprocessing. . . „. do

Intermediate materials, sup-plies, etc do

Finished goods # . doFinished consumer goods doCapital equipment do

By durability of product:Durable goods doNondurable goods doTotal manufactures do

Durable manufactures do....Nondurable manufactures do....

Farm prod., processed foods andfeeds doFarm products . . doFoods and feeds, processed do

Industrial commodities . doChemicals and allied products... doFuels and related prod., and

power doFurniture and household durables do....Hides, skins, and leather products doLumber and wood products do...Machinery and equipment doMetals and metal products do...Nonmetallic mineral products do....Pulp, paper, and allied products do....Rubber and plastics products doTextile products and apparel do...Transportation equip # Dec 1968—100

Motor vehicles and equip 1967 = 100 .Seasonally Adjusted t

Finished goods, percent change from previousmonth

By stage of processing:Crude materials for further proc-

essing 1967 — 100Intermediate materials, supplies, etc doFinished goods # do .

Finished consumer goods doFoods doFinished goods, exc. foods do

Durable do.Nondurable. do

Capital equipment... doPURCHASING POWER OF THE DOLLAR

As measured by:Producer prices.. . .. 1967-$! 00Consumer prices () do

263.82736261.6241 125093333285727923147337 02240

350.8

6679393.8

2332191.8291 528751976296 434603287

2993

3195

310428072810279.4

279031532927279.8306.4

2489242 4251 5312 32923

6932206.92626284.72788301.6320.2288.72414204.6249 7251.3

356346

271.52790266.325302590344929172822323 134482369102.5370.3

6280428.7

23851965298429392026329736263573

303 1

3236

3123285228462872

286731572957287.3304.4

25392482255931572930

6647214.0271 1307.12864307.2325.2298.12432205.1256 7256.8

351335

273.42810269.6254326143468292228253248346 62382103.0375.1

6190439.1

23801973302429802021336836503600

4272.626082917281619793008296420333468

3047

327 1

314 0286 128572877

287831782969288.3305.9

2555253 52555317 3294 4

671 7214.92747313.9287 4308.2326.3298.82437206.0256 8256.8

4

325031342863285526022935234733792888

350333

274.5281 8270.62564262934902926282532643485239 5103.5376.4

6232440.5

238.9200.4303729922027343 936663612

.4273.626202923281.8198.2302.8298.4204.93482

3053

3285

315 5285128512851

286831972972287.2307.8

259 125642596317 1295 9

6723215.4274 4305.6287 9310.7327.2299.92432206.2250 4249.1

I

328831532866286126212934234433792885

351331

275.02817270.225872636350229292823326834982404103.9374.4

6247435.6

239.4200.7305030042043350436823629

.4274.5262829352828198.23044300.0205.53495

3060

3248

315 6287628702899

2892319 1298 5289.6307.7

257 5255 22578318 5295 5

6695215.3273 7305.6287 6310.9328.0302.2244 4207.0260 6260.6

3292316228712866264829282330338 12886

348330

275.2281 1269.52610264 13510292528143270351 12413104.3371.3

6239428.2

23992007306330172062356137033649

.4275.12634294 1283019853055301 1205.33514

3055

3240

315 5286 828592900

2893318 1298 4289.8307.4

256 0251 02576318 32964

663 7215.7277 0304.9288 0310.9328.9303.62436207.7260 5260.5

1

330431662869286 3263929292338337 5289 0

349330

275.52812268.526182638351629392830327435182420104.5370.6

6239427.5

240.5199.330633018207.0357636903662

.2275.826372954284.4198.5306.1301.7205.73524

306 1

3275

3157287228632904

290131842988290.5307.5

2579254 02590318 42977

6580215.7277 3308.7288 8311.9328.9304.02438207.8260 7260.6

3336317 128742867265829242340336 52898

348329

276.8283.2267.426142630353929942902329235322429104.9376.0

6428427.3

240.4196.4306030092072357337823695

.6277.726393002291.2199.03067301.7205.6354 1

3080

3335

316 328952889291 6

2910321 2300 0291.3309.1

2644263 42638319 1298 1

652 1216.8279 1309.1289 7312.9330.1309.12448208.2261 5261.1

g

33603170289 1288 72728292023403357290 5

345328

278.32853269.126092638355330212936331035402436105.1383.0

6886429.0

2404196.2305830082072357237743732

.4278.6264330222937198530663017206.43556

3089

3326

317 62906290 12923

29223219301 2292.4310.4

2634261 62634320 6296 5

656 0217.2283 3315.7290 2314.8332.2312.02462209.6262 2261.2

330931762902289 8274 5292 72352336 1291 7

344326

278.7285.5269.32622264.4356.5302.2293.1321.535552448105.6380.1

6600429.5

241.2198.83069301.9207.2362237743745

.2279.126513018292.7198.6309.4304.6207.43567

311 0

3388

3197291 4291 12923

293232483028293.3312.7

26792674267 1321 9300 1

6587217.42867316.8291 0316.8333.4314.02464209.9262 4261.5

4

337 131932914291 0276429362373336 02925

343325

280.1286.3270.72652266.5358.1302.3292.8333.235782464106.2380.9

6507432.3

242.3199.230963048207.4370037803757

.5280.126673017292.2198.5311.2306.6207.63586

3113

3394

3203291 229032945

294232473032294.3312.5

267326542672322 63020

6547218.22868315.1292 2317.9335.8316.32473209.9263 4261.9

o

33693195291 4290 6274 429402372336 72943

343324

280.4286.1271.12670267.4359.9301.4290.7334.635892472106.5385.5

6492441.4

242.4198.931223074207.6378038073768

.2280.126723009290.3198.6312.7307.9207.23599

r311 5

r3380

r3209r291 1r2903r2939

r2938r3253r3038293.9

r314.1

r26582608

r267 5r323 2r3027r6606r219.1r2885r308.5r292 6r317.4r337.6r317.7r2475210.5

r262 5261.5

r 1

r3338r3203r291 1r290 3r271 4r29502368

r338 9r293 9

r 344323

280.6286.0270.5267.8267.4361.9302.0291.4336.2360.2248.4106.8390.0

646.0450.6

242.3197.4313.1308.1207.73820385.2378.0

.2279.9266.6301.3290.5198.1312.1307.0207.33615

311.4

3332

3216291 2290.3294.2

293.8325.13038294.1314.1

262.7257 1264.832393025

6679219.22903307.1293 1317.2338.4317.62473210.32626261.4

r I

331 1321 62914290 4270329582372339 92945

343322

280.6286.0269.5267.8266.8364.5303.2292.5338.13627249.7107.6393.9

637.4459.1

241.9196.6312.9307.5208.13832389.3380.3

.3279.8266.0302.2291.2199.0311.1305.7208.33640

3120

3345

32172926292.0294.8

293.7326.33042294.1314.9

265.22586267732403026

6672218.72902304.32937315.9339.3319.22475210.8262 8261.5

331 3321 02922291 3274129522373338 82952

342321

281.4287.1270.0267.8267.1366.5304.8294.4339.5364.6251.1108.1395.5

625.5463.9

242.2200.1312.9307.5208.13838390.8381.9

.5280.62663304.1293.4200.8311.2305.7209.43662

3109

3293

321 12918290.8295.1

293.9324.03034294.5312.7

261.625322652OOQ £

3014

6607218.92902304.52942315.8340.0320.02476210.5263 1261.8

1

32723205291 9290 7273 7294 5238 1336 92962

343319

282.3288.0272.3268.7268.8368.9304.2293.4341.4366.5252.4108.7397.0

622.1466.4

244.1204.2313.7308.4208.2384.2389,5383.1

.4281.5267.7303.8292.6202.1312.7307.4210.5367.7

309.5

326.7

320.3289.8288.9292.9

292.5322.6302.1293.0311.7

259.6249.7264.032233014

6548218.92903303.42945315.3340.4321.22479210.62574254.6

327032012914290 027252940237733622963

345318




below, data through 1982 and ,, ..methodological notes are as shown in ljmls


Annual

1982 1983

1983


1984

Jan. Feb. Mar. Apr. May June July Aug. SePL

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACENew construction (unadjusted) total mil $

Private, total # doResidential... . do

New housing units doNonresidential buildings, except farm and

public utilities total $ mil $Industrial doCommercial do

Public utilities:Telephone and telegraph do

Public, total # doBuildings (excl military) # do

Housing and redevelopment .. doIndustrial do

Military facilities doHighways and streets do

New construction (seasonally adjusted atannual rates), total bil $

Private, total # doResidential do

New housing units doNonresidential buildings, except farm and

public utilities, total # bil $Industrial doCommercial .do

Public utilities:Telephone and telegraph do

Public, total # doBuildings (excl military) # do

Housing and redevelopment doIndustrial do

Military facilities doHighways and streets do

CONSTRUCTION CONTRACTSConstruction contracts in 50 States (F.W. Dodge

Division, McGraw-Hill):Valuation, total . mil $

Index (mo. data seas, adj.) 1977 = 100 ..Public ownership mil $Private ownership doBy type of building:

Nonresidential doResidential do

Non-building construction do....New construction planning

(Engineering News-Recprd) § do....HOUSING STARTS AND PERMITS

New housing units started:Unadjusted:

Total (private and public) thousPrivately owned do

One-family structures do....Seasonally adjusted at annual rates: t

Total privately owned . . doOne-family structures do

New private housing units authorized by buildingpermits (16,000 permit-issuing places): $Monthly data are seas. adj. at annual rates:

Total thousOne-family structures do

Manufacturers' shipments of mobile homes @Unadjusted ... thousSeasonally adjusted at annual

rates ... - doCONSTRUCTION COST INDEXES

Dept of Commerce composite 1977 100American Appraisal Co., The:

Average 30 cities 1913 100Atlanta doNew York doSan Francisco doSt. Louis... do

Boeckh indexes:Average, 20 cities:

Apartments, hotels, officebuildings 1977 — 100

Commercial and factory buildings doResidences do

Engineering News-Record:Building 1967 — 100Construction do...

Federal Highway Adm. — Highway construction:Composite (a vg for year or qtr)... 1977 — 100

230 068179 0907481051916

65 1341734337284

7 11050978169971 65816322205

13428

156 240'112

41 256114 984

595945921037,436

149,206

1072010622

662.6

1000546

2396

154 1

15001519147 5

330.6356.1

1468

262 168211 370111 72986102

60 30912'86135793

64715079817276170018092544

14225

192 751J138

45308147 442

61 9059320137,645

162,576

17124170301,067.6

1 605902

2956

157 1

159615991562

35293786

1465

25 9102026011 6348790

54921 1943249

39456501707

156138209

2042

278022471268939

61 8136364

43533183181824

157

19 441154

r4,56514 876

r5,914r9 113'4,414

13,206

17771768109.9

18731 124

1 671900

302

307

158 4

359.4384.7

2636420871118508835

5 5171 1233319

59054921 598

151200255

1 841

281722961286938

619126372

6552 1172181 926

151

17 379143

r4,28613 093

r5,405r8698r3,276

12,902

15681549

97.2

16791038

1 540864

28 1

305

1589

163216251585

359.7385.6

146.8

24 52119806108738690

5387946

3342

59347151455

153143194

1671

267921921186942

600104374

66488168181926

144

16227139

380612421

579582212,210

12,744

1599159391.9

1 6721017

1 650905

268

308

158 4

357.6384.2

23 6831922910 1148457

5 440997

3374

61144541417

138146270

1299

267021741135949

61 811638.1

684961621 6193 1

14 1

15365145

3,30712058

5,51175752,280

16,795

13641360

81.9

17301074

1 649919

235

313

157 6

163316261588

358.3384.8

21 1261748985277335

509310303095

67136371322

136136235804

263921331097950

614122374

81506164161729

147

13422134

313810284

474164822,200

24,714

10851083

61.0

16941021

1 602'913

187

310

158 3

3561382.6

1497

19 4191627784356735

4 957961

3010

3913 1421 255

109121196578

280923001219

96.9

66712941.1

5950917 11 41 526

142

13751150

270011 051

530066001,851

12,685

10921091

67.7

19801*301

1799989

200

314

159 3

1649164 11627

355.5382.5

20 23717,06888606696

5 1301 0103 141

4643 1691 236

121136178602

300424811374102.3

69014042.1

6452317.01 61825

150

14,155150

3,79010365

4,24968003,106

17,259

1304130081.0

22621463

19021 083

222

293

159 6

356.2382.9

22 92519338104377725

5 6611 1323476

53135871 312

128138253718

30972550141 11024

728144453

635481701 51629

162

17577144

3,86013716

584988062,921

16,851

13811375

87.8

16621071

1727974

255

287

160 8

165116461628

357.1383.4

1493

r24 332r20,36211 035

8,068

594710773,804

530r39701 346.''111155r219994

r3086r25411366102.7

r74313.6r47.4

6.8r54517.11 418

r28168

17425145

3,71613710

5,40593302,690

13,619

1730172.7106.4

20151,196

1758957

258

287

163 4

358.5384.7

r26 962r22,34812 052

8,965

6 5541 2244,179

593r46141476

134155r227

1429

r316.4r2612138.4106.4

r78715.2r49.7

6.8r55.217.7

1718

r26169

22,326165

5,60816719

7,212107994,315

14,955

1821180.7115.2

1,7941,131

1745913

289

295

1636

166.41661163.3

358.1385.6

r28 204r22,95112,400

r9,413

6 6641,2674,263

r637r52531,640

153176

r2171745

r315.3r257.8136.4105.0

r76.314.1

r48.9

r7.2r57.519.0

1 8r20r27

168

20,005148

4,82815177

6,74698593,400

12,211

184.4184.0111.0

1,8771,084

1,768916

277

301

1627

357.8387.3

152.1

r28 119r22,62212,321

r9,680

r64941,181r4,240

616r5,4971,571

132154

r218r2018

r311.2r255.0135.3105.1

r74.913.6r48.5

7.2r56.217.7

1 618

r24171

19,523152

4,78414,738

6,8969,0933,534

13,515

163.1162.1

r97.9

1,754r990

1,565823

24.5

301

1629

167.8167.3166.4

357.9387.9

2901723,09912,47610,001

67781,2614,428

5,9171,646

157166226

2,147

311.7255.5135.4106.8

76.014.349.4

56.217.8172026

16.8

19,580151

4,48315,097

6,7669,3643,449

15,079

146.7146.3

r92.0

1,539r932

1,506'803

30.0

303

1632

359.3388.1

16,755144

4,12212,633

5,7508,0902,914

12,739

148.6147.8

89.6

1,6761,009

1,424834

168.1167.5167.5

2 359.72 388.7



S-8 SURVEY OF CURRENT BUSINESS October 1984

Unless otherwise stated in footnotesbelow, data through 1982 and .. .

methodological notes are as shown in unusBUSINESS STATISTICS: 1982

Annual

1982 1983

1983


1984


CONSTRUCTION AND REAL ESTATE—Continued

REAL ESTATE <>Mortgage applications for new home construction:

FHA net applications thous. units..Seasonally adjusted annual rates do....

Requests for VA appraisals doSeasonally adjusted annual rates do....

Home mortgages insured or guaranteed by: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

associations estimated total mil $By purpose of loan:

Home construction doHome purchase doAll other purposes do....

110.8

1550

8 087 075,428.27

66004

54298

1176521 77920,754

2 176.1(2)

2628

26 571 8217,896.60

58953

135 290

260965398255,212

20.3218

280288

2 174 872,193.18

57377

13992

248163275,184

14.5168

214255

3 933 792,091.70

57,862

13637

2,43756485,552

11.9146173205

2 190 421,934.18

58560

11070

215548104,105

11.2148

17.9204

2 674 401,598.29

57,712

11 175

2,16245164,497

9.6139

16.5251

1,580 281,447.58

58,953

14483

2,76052296,494

9.7136

15.0201

1 169 611,543.78

57,397

10249

1,78839534,508

10.3134

21.2260

1,516.841,449.02

57,171

10367

1,90437024,761

12.9139

24.3263

2,431.431,201.61

57,608

13,593

2,36850046,221

11.412817.8193

1,184.701,113.53

59,424

13,660

2,32655335,801

11.1116

19.5214

1,229.581,080.92

61,627

15,853

2,7526,9156,186

8.294

14.8167

1,401.641,059.60

65,859

17,529

2,7287,5657,236

8.094

12.6143

1,116.601,131.31

66,900

14,666

'2,126r6,863'5,677

7.884

15.2164

1,220.14997.60

70,523

14,332

2,3606,7245,248

7.492

13.8188

997.56775.49

73,005

DOMESTIC TRADE

ADVERTISINGMagazine advertising (Publishers Advertising

Report, Inc.):Cost total mil $

Apparel and accessories do^Automotive incl accessories doBuilding materials doDrugs and toiletries doFoods, soft drinks, confection-

ery doBeer wine liquors doHoushpld equip., supplies, fur-

nishings doIndustrial materials do

Smoking materials doAll other do

Newspaper advertising expenditures (NewspaperAdvertising Bureau, Inc.):

Total * mil $Classified doNational doRetail do

WHOLESALE TRADE tMerchant wholesalers sales (unadj.),

total mil $Durable goods establishments doNondurable goods establishments do

Merchant wholesalers inventories, book value,end of period (unadj ) total mil $

Durable goods establishments doNondurable goods establishments do

RETAIL TRADE tAll retail stores:

Estimated sales (unadj.), total mil. $..Durable goods stores # do....

Building materials, hardware, gardensupply, and mobile home dealers mil. $..

Automotive dealers doFurniture, home furnishings,

and equipment doNondurable goods stores.... do

General merch. group stores do ....Food stores doGasoline service stations do....Apparel and accessory stores do...,Eating and drinking places do....Drug and proprietary stores do...,Liquor stores . do

Estimated sales (seas, adj.), total do...Durable goods stores # do

Bldg. materials, hardware, garden sup-ply, and mobile home dealers # mil. $.Building materials and

supply stores do...Hardware stores do

Automotive dealers doMotor vehicle and miscellaneous

auto dealers do...Auto and home supply

stores ... . doFurniture, home furnishings,

and equipment # do...Furniture, home furnish-

ings stores doHousehold appliance,

radio TV do

3428915573335522

3306

26382576

147450926 6

358614520

17 6944 8522452

10390

1 137 175467 107670 068

1167657563341 132

1,074,561324,489

51,301182 607

46 106750 072132,581249 257103,54751,387

104,71535,96719394

3939 120624045523

3836

29232426

175743725 3

397817149

20 5826 0062734

11841

1 183 790504 810678 980

119 4217543243989

1,173,966385,141

59,873221 687

51774788 825142,997259 441103,12154,005

115,71038,76619,690

250020022629

286

182130

72272 1

2991030

1 686539194954

103 0624480958253

112 4207336839052

100,13133,587

5,66019 207

4 5446654411,521219219,3564,555

10,4203,2011656

98,27731951

5,094

3,676812

18053

16,237

1816

4,408

2621

1454

347632619680

37.1

227173

1824521

2801574

1 690515220956

102,8624475458108

114 9937476940224

97,92632,769

5,44618 659

43426515711,199218788,8394,3129,9413,1341611

99,53732905

5,042

3,638809

18857

17,034

1,823

4,413

2,638

1444

448924247744

38.5

34625.6

2205.736

3332094

2 074625282

1 166

106 0514630059751

117 7787458243 196

100,65833,593

5,55719 219

44286706512,063217808,8364,617

10,1133,1681603

100,92333882

5,102

3681805

19620

17,780

1840

4,476

2715

1444

447022046.54.3

37.3

38.530.0

24.96.028

319202.8

2016516273

1227

105,7624562060 142

118 5667441744 149

103,86534,002

5,10319036

48996986314,755215018,5695,1699,4943,2511689

101,89634641

5,188

3,751826

20286

18,388

1898

4,510

2,684

1500

36821694012.1

29.4

26.237.2

1634.317

3121631

1872440206

1226

107,3614562161740

119 4217543243989

125,75938,188

4,86318910

620787,57123,49224304

8,9177,9109,7244,4282470

102,43835532

5,293

3,826843

21 164

19,201

1,963

4,629

2,737

1 557

26527.4

33.03.3

27.7

18.48.6

7.82.521

320122.4

1628'543r233r852

103,8784316560713

119 8187518544633

93,08931,170

4,14118792

4279619198,853

21 1108,3403,7659,2103,2491481

106,60237 127

5,494

4,042874

22033

20,041

1992

4,791

2829

1622

325117.434.92.6

34.1

23.713.6

8.03.417

25.3160.4

1723562237924

103,1834484858335

121 3197629545,024

93,68632,931

4,32920607

412960755

9,150208457,9483,6309,2323,2311,404

105,48236909

5,630

4,215830

21983

20,060

1,923

4,644

2,707

1 592

374226141.15.1

35.7

26.216.4

1393.236

337167.3

1863619240

1003

115,3995063464765

122 6377826644371

104,29436,667

5,07022801

459467,62711,174229858,5794,413

10,2073,3831,529

103,87335306

5,523

4,098814

20505

18,650

1855

4,660

2,723

1 593

425.126.649.58.8

40.6

26.020.5

21.75.129

37.6185.9

2102681272

1,150

108,66248,77459,888

124 00878,75245,256

104,34437,277

5,73522,853

4,40767,06711,76621,936

8,6154,857

10,2483,4121,495

107,50537,436

5,702

4,205839

22071

20,166

1,905

4,873

2,902

1610

419.517.044.711.544.9

26.319.0

22.64.12.6

37.5193.2

2051660274

1,116

120,76553,13367,632

123 23579,36943,866

111,31240,765

6,70424,698

4,66370,54712,84823,375

9,1214,846

10,6773,5001,616

108,23737,912

5,796

4,280836

22,419

20,501

1,918

4,806

2,854

1,589

360.510.441.85.0

41.6

29.120.0

16.43.81.8

33.6158.1

1908669246993

115,69252,94362,749

122,91280,65242,260

111,98041,202

6,69524,812

4,92670,77812,80523,767

9,1734,811

10,9623,4541,721

109,32238,687

5,823

4,227872

22,976

21,011

1,965

4,951

2,918

1,665

333.87.9

37.06.2

33.0

27.417.4

11.93.02.5

38.3149.0

110,345r49,908'60,437

123,786r81,272r42,514

106,553r38,497

'6,391r22,993

r4,701'68,05611,243'23,376'9,106'4,296

11,159'3,3661,734

107,442'37,452

'5,808

'4,227'861

'22,016

'20,081

1,935

'4,822

'2,857

1,609

303.124.723.93.0

36.9

20.312.6

9.52.72.6

33.2132.9

114,48352,92561,558

124,23481,99042,244

110,839'38,907

'6,441'22,716

'4,993'71,93212,808'23,900'9,153'5,001

11,627'3,5411,763

106,808'36,655

'5,810

4,212878

'21,077

19,144

1,933

'4,838

2,847

1,662

104,2841 35,551

J- 6,1321 20,216

'4,6781 68,7331 12,0401 22,848

'8,869'4,841

1 10,894'3,375

1 108,5201 36,877

'5,807

1 21,360

1 19,395

'4,818




below, data through 1982 and f r .,methodological notes are as shown in unils


Annual

1982 1983

1983


1984


DOMESTIC TRADE—Continued

RETAIL TRADE t— ContinuedAll retail stores— Continued

Estimated sales (seas, adj.)— ContinuedNondurable goods stores mil. $

General merch. group stores doDepartment stores . . do .Variety stores do

Food stores do....Grocery stores ... do

Gasoline service stations doApparel and accessory stores # . do

Men's and boys' clothing doWomen's clothing, specialty stores,

and furriers.. . doShoe stores . do

Eating and drinking places ... doDrug and proprietary stores ... doLiquor stores do

Estimated inventories, end of period:Book value (unadjusted) total mil $

Durable goods stores $ doBldg. materials, hardware, garden sup-

ply and mobile home dealers doAutomotive dealers doFurniture, home furnishings,

and equipment doNondurable goods stores # do

General merch. groupstores doDepartment stores do

Food stores.; doApparel and accessory

stores doBook value (seas adj ) total do

Durable goods stores # . doBldg. materials, hardware, garden sup-

ply and mobile home dealers doAutomotive dealers . . doFurniture, home furn.,

and equip do

General merch group stores doDepartment stores do

Food stores doApparel and accessory

stores doFirms with 11 or more stores:

Estimated sales (unadjusted),total mil $Durable goods stores . do

Auto and home supplystores do

Nondurable goods stores $ doGeneral merchandise group

stores doFood stores do

Grocery stores doApparel and accessory stores doEating places doDrug stores and proprietary

stores ... ... doEstimated sales(sea. adj.), total # .. do

Auto and home supply stores doDepartment stores doVariety stores ... doGrocery stores doApparel and accessory stores do

Women's clothing, specialty stores,and furriers do

Shoe stores doDrug stores and proprietary

stores do....

122 16356176

947025458

929765987

225611674714350

10555125 38456748

9 82425181

944868 63624*9061840314180

11029

389 71528212

4059361 503

119467135 499133 58720 14322138

19410

132 30262820

1032729643

1013269 482

244671829014501

10715135 84363447

1071329350

1028672 39627 0602014314 329

11208

415 63132795

4 416382 836

129 045141 353139 42422*23724*354

21 582

6632611 8789*709

774218192050588514430

657

1706768

972932731 646

129 86957998

1037524 741

1011471 871

27 17520 07713988

11 319130 98359400

10 39626126

1008471 58326 7761997714347

11032

344582791

40731 667

1041111 73411 5871 9262140

176034752

3879 287

*605117041815

762395

1,824

66632120019784

781219432061187604451

659

1734783

983333061 675

134 19559604

10 39425781

1024974 591

2863621 17614333

11931132 14260627

10 54227 166

1009871 51526 65919*84614 449

11 140

340062721

37931 285

1008311 88311 7381 8022083

1 73335032

3769 347

605117381854

783403

1,863

6704112 1129893

778219922066987314570

679

1831788

992432971661

140 00561577

1028827 130

1044278 428

306642275214770

12562132 77761048

10 42427979

1003171 72926 6411976714396

11 307

351222808

39532314

1085711 74611 595

1*8902*147

1 74735 319

3789 467

609117721880

805412

1,866

672551231710026

80421,9782064286734676

696

1895793

998333111 682

143 86663968

10 27928*810

1071379 898

3155223 68515,079

12525134 62262,441

10 42528810

1028172 18127 23720,24414 416

11 233

383683079

39635 289

1336611 80311 6482 1932053

1 84435648

3829 589

622118741935

837414

1,893

669061233010042

78621,7542041087594665

685

1888788

971432581699

132 30262820

1032729643

1013269 482

2446718 29014501

10715135 84363,447

1071329350

102867239627 0602014314329

11208

519704 467

41447 503

2135313 57113 2763 5602*099

271735456

3859 628

61411 5441996

895413

1,813

69,4751283510546

83622,46821 18987514704

698

1901814

1026834341689

132 91663218

1043330200

1001769698

246091843714,293

10744137 97763,749

1080029,695

1033774 22827 6052062314 466

11716

306682317

31628351

795211 584114391 4291971

178137047

38110 099

650121432050

907436

1,930

68,5731278610489

83022,2662095886674747

678

1955807

1028134051583

138 31065990

1092331969

1023072320

264981988014275

11384142 73166,513

1095631842

1044976 2182901521,79814404

12098

308712366

31128 505

825311 48611 3311 4402*030

1 78536803

38610 061

651120932035

896428

1,938

68,5671237410,152

79222,444210868,8354794

702

1950809

10,1563,4001 608

142 91367432

1125032552

10,28875481

284502153714,540

12154143 91066,946

1093331976

1038176964294052222614482

12389

353992775

36832624

1012412685125321 8662263

1 88336233

3789705

612119922051

902419

1,910

70,0691283810,546

80122,9082149788634,988

748

2026795

10,2893,5251637

145 68969110

1170133343

10,54976579

2949322 37414,604

12,321146 88369,010

1132733,276

1065677 8732999322,62314633

12611

351962885

38132311

10,617118331166220812*221

192137 183

37610095

624122892056

912400

1,989

70,3251298810,661

80822,839214459,0225,032' 764

2042808

10,2173,4901 631

145 85069077

11 67333058

10,70476 773

297222265314,630

12,191146 95168,277

1131132,220

10 7697867430*42523,09214763

12,673

37 5823249

42134333

11,645126021244920232,292

200137528

39810223

640123012,106

921421

1,997

70,63513,32010,955

83622,98421,6148,7365,117

730

2,127832

10,3513,5071 694

144,413r67,782

11 40431939

11,072r76 631

29,47722324

14,865

12,024145 359

r66,896

11 16930,889

11,072r78 4633022022,943

14 955

12,525

r37,426r3,250

427r34,176

11,6011268412 533

r2036r2;305

1,973r37,571

39610 498

64812,121

r2,170

964435

r2,026

r69,99012 78410,519

r797r23,177r21,835

r8,526r4,891

r688

1,997r801

10,488r3,5211722

143 73565,969

11 16330461

10,79177 766

30,3192288214,587

12,470145 05366,014

11 17430,130

10,922790393074623,39714869

12,724

35,1103,109

40932,001

10,1281234712,19817852,345

1,91637,111

38610,086

60712,3592,074

887432

2,004

r70,15312,92410,603

795r22,924r21,543

r8,627r4,800

670

1,930805

10,696'3,5731720

7 71,64313,1751 10,780

1 23,5281 22,096; 8,8691 5,048

1 10,808;?,668

LABOR FORCE, EMPLOYMENT, AND EARNINGS

LABOR FORCE AND POPULATIONNot Seasonally Adjusted

Total noninstitutional population, persons 16years of age and over * thous..

Labor force, total @ doResident armed forces * do

Civilian noninstitutional population * do ....Civilian labor force, total do....

Employed .. ... doUnemployed do

Seasonally Adjusted <>Civilian labor force, total do .

Participation rate t percent-Employed, total thous ..

Employment-population ratio t percent ..Agriculture thous ..Nonagriculture do .

Unemployed, total doLong term, 15 weeks and

over do

173,939111 872

1 668172,271110,2049952610678

64.0

57.83,401

96,125

3485

175,891113 226

1 676174,215111,550100 83410717

64.0

57.93,383

97,450

4210

176,122115 260

1 682174,440113,578103 16710411

11211764.3

101,48458.2

3,4499803510633

4078

176,297113 892

1 695174 602112,197102 366

9830

11222964.3

101,87658.3

3,3089856810353

3889

176,474113 737

1695174,779112,042102 659

9383

111,86664.0

101,97058.3

3,24098,7309,896

3655

176,636113 832

1 685174,951112,147103 018

9129

112,03564.0

102,60658.6

3,25799,3499,429

3527

176,809113 483

1 688175,121111,795102 803

8992

112,13664.0

102,94158.8

3,35699,5859,195

3369

177,219112711

1 686175,533111,025101 270

9755

112,21563.9

103,19058.8

3,27199,9189,026

3201

177,363113 052

1684175,679111,368101 961

9407

112,69364.1

103,89259.1

3,395100,496

8,801

2984

177,510113 514

1 686175,824111,828102 770

9057

112,91264.2

104,14059.2

3,281100,859

8,772

2873

177,662113,845

1693175,969112,152103,628

8,525

113,24564.4

104,40259.3

3,393101,009

8,843

2,855

177,813114,941

1690176,123113,251105,096

8,154

113,80364.6

105,28859.8

3,389101,899

8,514

2,851

177,974117,083

1690176,284115,393106,812

8,582

113,87764.6

105,74860.0

3,403102,344

8,130

2,619

178,138117,896

1 698176,440116,198107,484

8,714

113,93864.6

105,39559.7

3,345102,050

8,543

2,689

178,295116,788

1,712176,583115,076106,694

8,382

113,49464.3

104,96959.4

3,224101,744

8,526

2,606

178,483115,563

1,720176,763113,843105,792

8,382

113,69964.3

105,23959.5

3,315101,923

8,460

2,600


455-573 O - 84 - S2



below, data through 1982 and ,T .,methodological notes are as shown in units


Annual

1982 1983

1983


1984


LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued

LABOR FORCE— ContinuedSeasonally Adjusted 0

Civilian labor force — ContinuedUnemployed — Continued

Rates(unemployed in each group as percentof civilian labor force in the group):§All civilian workers

Men, 20 years and overWomen, 20 years and overBoth sexes, 16-19 yearsWhiteBlack *Hispanic origin *Married men, spouse present ..Married women, spouse presentWomen who maintain families

Industry of last job:Private nonagricultural wage and

salary workersConstructionManufacturing ;

Durable goodsAgricultural wage and salary

workers *Not Seasonally Adjusted

Occupation: *Managerial and professional specialtyTechnical, sales, and administrative

supportService occupationsPrecision production, craft, and repair....Operators, fabricators, and laborersFarming, forestry, and fishing

EMPLOYMENT tEmployees on payrolls of nonagricultural estab.:

Total, not adjusted for seas, variation thous..Private sector (excl. government) do....

Seasonally Adjusted tTotal employees, nonagricultural

payrolls do. ..Private sector (excl. government) do . . . .

Nonmanuf actur ing industries do . . . .Goods-producing do

Mining doConstruction doManufacturing .. do

Durable goods doLumber and wood products do....Furniture and fixtures doStone, clay and glass products do...,Primary metal industries do. ..Fabricated metal products doMachinery, except electrical do....Electric and electronic

equip. .. doTransportation equipment do....Instruments and related

products doMiscellaneous manufacturing do....

Nondurable goods doFood and kindred products do....Tobacco manufactures do....Textile mill products doApparel and other textile

products doPaper and allied products do .Printing and publishing. doChemicals and allied products do....Petroleum and coal products doRubber and plastics prod-

ucts, nee doLeather and leather products do. .,

Service-producing ... doTransportation and public utilities do....Wholesale trade .. doRetail trade doFinance, insurance, and real

estate doServices doGovernment do

Federal . doState * doLocal * do

Production or nonsupervisory workers on privatenonagric. payrolls, not seas, adjusted thous.Manufacturing do

Seasonally Adjusted tProduction or nonsupervisory workers on private

nonagricultural payrolls thousGoods-producing do

Mining doConstruction doManufacturing do

Durable goods doLumber and wood products doFurniture and fixtures doStone, clay, and glass

products doPrimary metal industries doFabricated metal products do...Machinery, except electrical do.Electric and electronic

equip doTransportation equipment.. do..Instruments and related

products doMiscellaneous manufacturing do

978883

23286

1891386574

117

10 120 0123133

147

3.3

6110810.616.785

89,56673,729

89,56673,72954,948238131 1283905

1878111039

597432577922

14272,244

20081,734

715382

77411,636

68749

1 161662

12721,075

200

697219

657535,0825278

15179

53411903615837273936399458

5948712742

5948716561

8212998

127427311

488341

435683

1,0281355

12121,079

410276

968981

22484

1951386570

122

99184112121

160

3.3

6310910.715.5100

90,13874,287

90,13874,28755,79023394

9573940

1849710774

657447572838

13732,038

20231,756

695371

77241,622

68743

1 164661

12951,046

195

718208

667444,9585259

15545

54671966515851275236599439

6002112581

6002116284

6783026

125817,151

548355

436624996

1200

12281,103

390267

958780

22882

1981296369

118

98179112117

151

3.4

641039.3

13.883

89,84274,878

89,91874,11055,51323532

9503985

1859710846

675453578840

13842,051

20221,776

694373

77511,621

66751

1 170663

13021,046

194

730208

663864,3695 277

15*626

54981980815808274736689393

6050012762

5983016421

6733069

126797224

564361

442629

1,0061 214

12281,122

389269

928678

21880

18913 16168

120

9418 1102109

165

3.2

591088.9

13.282

91,48575,901

91,01875,08356,38523669

9524 019

1869810923

680456581849

1 3892,058

2 0621,780

698370

77751,624

68753

1 174666

13051*,047

194

735209

67 3495,0465301

15671

55031989315935277436729489

61 51013 014

6074816532

6743099

127597289

569363

445636

1,0111 219

12601,126

393267

88827 5

21 677

1831245763

114

9015896

102

16.2

2.7

5911 18.2

12.692

92,04976,081

91,34575,48156,59523895

9654 044

1888611071

690462587863

14082,077

2 0861,820

702376

78151,624

68758

1 186669

1 3111*.049

192

748210

67 4505,0535322

15737

55121996215864276036679437

6164913 082

6107416735

6853 122

129287421

578368

450651

1,0281 236

1 2811,160

397272

847872

20 273

1771235560

105

8615 68990

157

2.7

55997.9

12.7108

92,40676,294

91,68875,81456,79624058

9674073

1901811 170

695467589869

1 4202,106

2 1091^832

705378

78481,629

66760

1 195671

1 3171,050

192

758210

67 6305,0435344

15*805

553020034158742 75936699446

6183013 117

6137116881

6863 147

130487,511

583373

453657

1,0371 261

13001,173

399275

82747 1

20 17 1

178116526 1

109

8316 38383

156

2.6

52968.4

13.0120

92,64576,560

92,02676,15757,01424 198

9694086

19 14311266

698470592877

1 4312,122

2 1321,855

707382

78771,631

67762

1 202675

13211,052

191

766210

67 8285,0555 371

15*857

554620 13015869

2 76236689439

6206413 087

61 66516996

6903 161

13 1457585

587376

454665

1,0491 273

13131,192

398278

80737 1

19469

1671125060

107

791508480

155

3.0

5799

10.013.9136

91,06575,209

92,39176,53357,27924383

9754 154

19 25411343

702475595871

1 4402,137

2 1521,876

711384

79111,638

66768

1207676

1 3281,053

191

774210

68 0085,0955 406

15914

557320162158582 76036709428

6069913 034

61 94817 155

6943227

132347643

589380

455661

1,0561 286

13271,208

401280

787069

193, 6 71621024959

110

7815 17573

140

2.7

5695

10.013.711 5

91,61275,477

92,84676,97157,59824577

9784226

19 37311 440

706480604877

1 4472,151

2 1751,898

715387

79331,637

65767

1 213680

13331,054

190

784210

68 2695,1055 438

15980

559320278158752 76336829430

6090913 163

6232717318

6963296

133267718

592384

462666

1,0621300

1 3461,221

403282

786869

19967

1661134758

110

761337.578

146

2.4

52969.1

12.8112

92,23476,030

93,05877,18557,71924595

9784 151

1946611*513

712483606877

14562,166

22021,905

718388

79531,638

66769

1 218680

13391,054

190

790209

68 4635,1125 457

16030

561320378158732 77036869417

6138413 280

6244317297

6983211

133887769

599387

463666

1,0691314

1 3641,221

404282

786970

19467

1681154758

105

7714 37775

122

2.2

50928.1

11.986

93,22977,013

93,44977,54658,01624760

9844246

19 53011 551

714482604879

14592,189

2212,1,905

719388

79791,648

67766

1 226680

13481,057

189

790208

68 6895,1295 473

16095

56402044915903277136939439

6230113 368

6280017446

7073296

134437799

599387

464668

1,0741329

13711,221

403283

75656.8

19064

158105455898

721487.170

13.9

2.5

478.77.4

10.968

94,16477,913

93,78677,86458,29424851

9954286

1957011 59&

711482605887

14692,203

22281,906

722385

79721,643

67762

1217681

13561,057

188

795206

68 9355,1445492

16 166

56622054915922278536999438

63 12113 459

6306017507

7143328

134657826

596385

465676

1,0831342

1 3771,217

40428"

716.36.4

17661

150100455696

701487.272

11.8

2.4

498.47.0

10.559

95,00378,973

94,13578,24158,61224974

1,0024343

1962911652

712485605884

14792,226

22371,917

723384

79771,644

67759

1209685

13621,062

188

797204

69 1615,1635502

16245

56762068115894277736999418

6404313 610

6336317600

7203388

134927860

597387

466674

1,0911 356

1 3791,224

405281

7.56.56.9

18364

16910646599.6

741477.567

14.6

3.0

4.89.26.7

10.860

r94,239r79,033

r94,350'78,422r58,726r25 059

1007r4356

19 69611 702

708r485r606r880

1490'2,242r22521,926

r727386

r79941,655

66755

1206687

13681,064

187;r801

205r69 291

r5,175r5528

16 283r5676

r20 70115 928

2779r3697r9452

r64 03413 461

r63 49417 654

r720r3393

13 541r7899

594388

466'669

1,1011370

1 3901,233

406282

7.56.47.1

18.464

1601074.46.0

10.5

7.51407.569

12.8

3.1

5.09.36.0

10.55.8

r94,507r79,400

r94,532r78,566'58,841r25 0861,017r4344

19 72511 754

'706r484604880

1489'2,254r22681,953

r727'389

r7,9711,643

r65r751

1,200r685

13711,068

187

800r201

r69 446'5,196'5554

'16 302

'5682'20 746'15 966

2780'3718'9468

'64 328'13 646

6360517 664

730'3373

'13 561'7943

592'386

464r670

1,101'1380

'1 4021,260

'404'284

766

196

151045

10

71377

15

2

586

107

"95,2$"79,51

"94,6r

"78,61"59,01"24,91

"1,05"43r

"] 1*6{"7("45"6("8'

"1,4"2,2^

"22"1,9

"7"3i

"7,9"1,6

""7

"1,1"6

"1,3"1,0

"1

"7"1

"696"5,1"55

"16,3

"56"208"16,0"27"37"95

"64,4"137

"636"175

"7"33

"134"78

"5"3

"4"6

"1,0"13

"1 3"1,2

"4P2



October 1984 SURVEY OF CURRENT BUSINESS S-llUnless otherwise stated in footnotes

below, data through 1982 and ., ..methodological notes are as shown in umis


Annual

1982 1983

1983


1984



EMPLOYMENT t-ContinuedSeasonally Adjusted t

Production or nonsupervisory workers — Contin-ued

Nondurable goods thous ..Food and kindred products do....Tobacco manufactures do....Textile mill products do....Apparel and other textile

products doPaper and allied products do....Printing and publishing do. ..Chemicals and allied products do....Petroleum and coal products do....Rubber and plastics prod-

ucts, nee do....Leather and leather products do....

Service-producing doTransportation and public utilities do....Wholesale trade doRetail trade do .Finance, insurance, and real

estate.. . doServices do...

AVERAGE HOURS PER WEEK tSeasonally Adjusted

Avg. weekly hours per worker on private nonag.payrolls: <>

Not seasonally adjusted hours ..Seasonally adjusted do

Mining ijr . . doConstruction t . .do ...Manufacturing:

Not seasonally adjusted do....Seasonally adjusted do

Overtime hours . do .Durable goods do...

Overtime hours do...,Lumber and wood products do...,Furniture and fixtures do....Stone, clay, and glass products do ...Primary metal industries do....Fabricated metal products do...,Machinery, except electrical do....Electric and electronic

equip do ....Transportation equipment do....Instruments and related

products . do ..Miscellaneous manufacturing $ do ....

Nondurable goods doOvertime hours do

Food and kindred products doTobacco manufactures $ ...do....Textile mill products do...,Apparel and other textile

products doPaper and allied products do....Printing and publishing do...,Chemicals and allied products do....Petroleum and coal products do ....Rubber and plastics prod-

ucts nee iji doLeather and leather products do....

Transportation and public utilities do....Wholesale trade doRetail trade doFinance, insurance, and real

estate $ doServices do

AGGREGATE EMPLOYEE-HOURS tSeasonally Adjusted

Employee-hours, wage & salary workers in non-agric. establish, for 1 week in the month,seas adj at annual rate bil hours

Total private sector doMining do...Construction ' doManufacturing do...Transportation and public utilities do-Wholesale trade * do...Retail trade * doFinance, insurance, and real

estate do...Services do

Government ' doIndexes of employee-hours (aggregate weekly): <>

Private nonagric. payrolls, total 1977 = 100 .Goods-producing do ...

Mining doConstruction doManufacturing do...

Durable goods do...Nondurable goods do

Service-producing do ...Transportation and public

utilities doWholesale trade doRetail trade .do...Finance, insurance, and real

estate do ...Services do

5,4311,125

53642

981494699598120

533183

429264,1904246

13,612

399716,880

34.8

427367

38.9

2339322

38.037.240138639.239.7

39340.5

39838438425

39437.8375

34741.837140.943.9

39635.6390383299

362326

1657313502

2.51745

38.1110.3210.512360

10.0832433072

104.290.6

130799887.084.4908

111.7

10221081103.6

117.11219

5,4301,118

52641

984494710580117

556173

437374,0734220

13,951

406617,428

35.0

42537.2

40.1

3.040.73.0

40.139.441540.540.640.5

40.542.1

40.439.139430

39537.440.5

36242.637641.643.9

41236.8390385298

362327

1679113675

2.12762

38.4210.1210.532409

10.30335531 16

105.891.4

107.3101.9

88.685.4933

113.7

99.4108.0106.0

118.91260

5,4551,117

50650

990495714580117

568174

434093,4814,242

14,028

4,09817,560

35.335042.638.0

40.240.33.0

40.83.0

40.239.741.740.940.840.6

40.74i.9

40.439.03963 1

39637.640.9

36342.937641.743.5

41 237.139.2385298

361326

1681013702

2.10777

38.879.39

10.602426

10.3633693108

105.392.4

106.7103.7

89.586.594.0

112.4

853108.6106.4

119.21266

5,4701,118

52651

993498715581116

571175

44,2164,1544,258

14,063

4,09717,644

35.335243.137.9

40.840.7

3.241.43.3

40.440.042.041.241.441.1

41.243.3

40.839.439931

39838.44f.3

36743.237841.743.2

41937.8393386298

361327

1707413914

2.13783

39.3610.3710.682431

10.42340431.60

107.693.9

107.8105.091.188 595.0

115.1

102.0109.2106.7

120.21276

5,5071,119

51656

1,004501720583115

582176

443394,1584,274

14,112

4,10717,688

35.335.243.237.3

40.740.63.3

41.23.4

40.539.841.841.641.241.2

41.142.5

40.739.839731

39638.440.8

36643.237.941.743.6

41937.339.4386300

364328

1709413967

2.16771

39.5110.4010.672459

10.45341831.27

108.394.6

109.6104.192.189.995.3

115.9

102.4109.7107.8

120.8128.3

5,5371,124

50658

1,012503725584114

591176

44,4904,1514,292

14,174

4,12217,751

35.135.242.936.3

40.840.63.3

41.33.5

40.039.841.841.741.441.3

41.142.6

40.739.83983.1

39.640.140.6

36.743.137.941.943.7

42037.239.2386300

361327

170 15139.69

2.167.79

39.6510.3010.7224.54

10.4134.1430.46

108.795.6

109.7105.5

93.091.095.9

116.0

101.7110.1108.3

120.6128.4

5,5601,126

50660

1,018506727586113

598176

44,6694,1614,316

14,221

4,13517,836

35.535.243.436.8

41.240.6

3.441.33.5

40.040.141.941.841.441.5

41.042.4

40.840.039732

39537.840.7

36.643.137.741.944.6

42437.139.4386303

362326

17190140.39

2.177.74

39.7110.3810.7524.94

10.4734.2231.52

109.496.2

110.4105.7

93.792.096.2

116.7

102.4110.7109.7

121.0128.6

5,5911,134

49666

1,023508732587112

604176

44,7934,1894,349

14,264

4,14917,842

35.035.443.336.3

40.640.93.5

41.63.7

40.640.042.141.941.641.8

41.243.2

41.338.939.9

0 O

39.738.140.6

36.643.237.942.144.8

42.037.339.538630.1

36.532.8

17400142.28

2.238.37

40.5210.4210.8624.82

10.5934.4731.72

110.397.9

111.5110.3

94.993.497.0

117.2

103.4111.6109.3

122.0129.4

5,6081,133

49665

1,028511734588112

612176

45,0094,1984,375

14,317

4,16117,958

35.035.342.937.0

40.740.93.5

41.73.8

40.439.942.542.041.841.9

41.243.1

41.239.639.93.3

39.736.440.8

36.943.237.942.144.5

42.037.239.338.530.0

36.432.7

174.44142.57

2.208.40

40.6910.3810.8724.82

10.5534.6631.87

110.999.2

112.1114.1

95.794.497.5

117.4

103.1112.0109.4

122.1129.9

5,6191,133

50666

1,031512737588111

616175

45,1464,2074,395

14,341

4,16518,038

35.035.342.836.7

40.740.73.5

41.43.7

40.139.641.941.841.341.9

41.042.9

41.139.639.83.3

39.836.940.6

36.743.037.942.044.7

41.736.739.238.530.1

36.332.8

173.66142.32

2.197.86

40.6910.4010.8924.94

10.5434.8031.35

110.998.1

111.7107.7

95.794.597.4

117.9

103.1112.5109.9

122.2130.9

5,6441,143

50665

1,039512744589111

616175

45,3544,2284,406

14,434

4,17518,111

35.335.443.037.5

40.941.13.7

41.84.0

40.439.742.342.241.842.3

41.343.5

41.439.540.23.4

40.139.541.2

37.443.238.242.043.7

42.137.539.538.730.0

36.532.8

176.89144.56

2.268.30

41.2010.5511.0125.16

10.6835.4032.33

112.0100.1114.7112.6

97.095.8'98.8

118.6

104.4113.3110.3

123.1131.4

5,6391,142

50661

1,033512748588111

621173

45,5534,2364,425

14,493

4,19518,204

35.235.343.238.2

40.640.63.3

41.33.5

39.639.742.142.141.441.9

41.042.4

40.739.339.63.1

39.739.640.0

36.543.138.041.843.5

41.736.539.438.630.1

36.332.7

176.27144.78

2.278.43

41.0310.5711.0425.34

10.6735.4231.50

112.099.5

115.5113.7

96.095.097.4

119.0

104.3113.5111.1

123.1131.7

5,6321,142

50658

1,021515752590110

623171

45,7634,2534,430

14,558

4,21718,305

35.535.343.738.6

40.840.63.3

41.23.5

39.439.141.841.741.342.0

40.842.3

41.339.239.63.2

39.840.540.0

36.442.937.741.943.1

41.936.739.638.630.2

36.332.7

176.99145.56

2.298.58

41.1410.6611.0625.48

10.7535.6231.43

112.799.9

117.1116.4

96.095.197.2

119.7

105.2113.7111.9

124.0132.4

'5,6421,152

'50652

1,018516757

'591110

'624172

'45,840'4,265'4,458

14,586

'4,21718,314

35.635.2

'43.038.6

40.340.53.3

41.23.5

'39.3'39.841.9

'41.5'41.341.8

'40.842.2

'41.338.9

'39.43.1

'39.5'37.539.8

'35.843.337.741.9

'43.2

'41.2'37.0'39.838.629.9

36.732.7

177.06145.67

'2.27'8.55

'41.2010.7211.11'25.45

10.82'35.5731.40

112.699.9

116.2115.3'96.1'95.5'96.S

119.7

106.1114.4111.0

124.7132.5

'5,6181,140

'49649

1,013515

'756'596110

'622168

'45,941'4,289'4,471

14,590

'4,23318,358

35.535.2

'43.638.5

'40.440.43.2

41.13.4

'39.4'39.2'41.6'41.041.2

'41.8

'40.942.5

'41.1'38.939.43.0

39.6'38.8'39.4

'36.0'43.0'37.942.0

'43.8

'41.236.5

'39.3'38.729.9

36.432.6

177.48145.59

2.28'8.55

'41.2510.6411.1825.3C

10.78'35.60'31.90

112.6100.0

118.4115.2'96.296.0

'96.5119.6

105.3115.0111.1

124.2132.4

"5,583"1,129

"52"642

"999"512"756"595"111

"622"165

"46,048"4,261"4,499

"14,626

"4,223"18,439

"35.5"35.3"43.9"38.7

"40.7"40.5"3.3

"41.4"3.5

"40.0"40.2"41.8"41.5"41.5"41.7

"41.2"42.6

"41.3"39.2"39.3"3.0

"39.6"40.3"39.2

"35.9"42,9"37.9"41.6"42.2

"41.4"37.1"39.6"38.8"30.0

"36.6"32.8

"178.56"146.40

"2.30"8.68

"40.99"10.68"11.27"25.50

"10.91"36.05"32.16

"113.2"100.0"119.6"117.6"95.7"95.7"95.7

"120.5

"105.4"116.0"111.7

"125.2"133.8




below, data through 1982 and .. ..methodological notes are as shown in unns


Annual

1982 1983

1983


1984



HOURLY AND WEEKLY EARNINGS ttAverage hourly earnings per worker: <>

Not seasonally adjusted:Private nonagric. payrolls dollars..

Mining doConstruction doManufacturing do

Excluding overtime . doDurable goods do

Excluding overtime doLumber and wood products do....Furniture and fixtures do....Stone, clay, and glass products doPrimary metal industries doFabricated metal products... doMachinery, except electrical do....Electric and electronic

equip doTransportation equipment do....Instruments and related

products . doMiscellaneous manufactur-

ing doNondurable goods do

Excluding overtime 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 do....Petroleum and coal products do....Rubber and plastics prod-

ucts nee doLeather and leather products do....

Transportation and public utilities doWholesale trade doRetail trade doFinance, insurance, and real

estate doServices do

Seasonally adjusted:Private nonagricultural payrolls dollars . .

Mining .... doConstruction doManufacturing doTransportation and public utilities do....Wholesale trade * doRetail trade * doFinance, insurance, and real


Indexes of avg. hourly earnings, seas, adj.: 0Private nonfarm economy:

Current dollars .. .. 1977 — 1001977 dollars $ do

Mining . doConstruction doManufacturing doTransportation and public utilities do ...Wholesale trade * doRetail trade * doFinance, insurance, and real


Hourly wages, not seasonally adjusted:Construction wages, 20 cities (ENR): §

Common labor $ per hrSkilled labor do

Railroad wages (average class I) doAvg. weekly earnings per worker,

private nonfarm: £>Current dollars, seasonally adjusted..1977 dollars seasonally adjusted tCurrent dollars, not seasonally adjusted:

Private nonfarm, total dollarsMining doConstruction doManufacturing do

Durable goods doNondurable goods do

Transportation and publicutilities do

Wholesale trade doRetail trade . doFinance, insurance, and real

estate do...Services ... do

EMPLOYMENT COST INDEX @Civilian workers t 6/81 — 100

Workers, by occupational groupWhite-collar workers ... doBlue-collar workers do...Service workers . do

Workers, by industry divisionManufacturing do..Nonmanufacturing do

Services . . ....doPublic administration do..

HELP- WANTED ADVERTISINGSeasonally adjusted index 1967 — 100

7.68107711 638498259048807.436.31887

11 338779.26

82111.11

806

642774749792979583

520932874996

12.46

7645.33

1032809548

678692

7.6810771163849

10.32809548

678692

1485934

158 9141 21524148814961434

148 31479

1428185611 51

2672616809

267264598842682330263552729722

402 483098516385

245.4422559

86

8.0211 2711928838519389057.796.62927

11349 119.55

86511.66

846

680808779820

10356 18

537994911

105913.29

7 995.54

1080854574

729730

8.0211 271192883

10.80854574

729730

1553948

166 6145 315781567158 1150 1

158 71560

15 22199112 83

28070171 37

280704789844342354083817731835

4212032879171 05

2639023871

96

7.9511 2511868788449328987.826.67930

11299099.54

86211.52

845

679806774815

10266.19

5351003

9.1210.6213.17

8005.52

1069854573

724724

8.00(i)1189884

10.68856577

724733

1554944

1669144815801556158 11509

158 01566

15 4420241289

2800017001

280644792545068352963783931998

422263296417477

261.3623892

97

8.12113312048898529469077.876.74942

11 349 189.63

87311.80

854

6838111118179906.23

53910 11

9.2310.7013.38

8055.57

10888625.78

733737

8.09(i)1195888

10.83862579

735737

1562945

168014551581157415981513

159 61577

1553203713 13

2847717227

286644883245632362713907032521

428673335917282

264.6124100

1165

1176114.81167

115.011721211119.8

98

8.16113312068908549479097.866.71938

11289 189.66

87111.87

854

6848127798 169656.24

54010 11

9.2310.7913.38

8085.56

1094869579

745743

8.13(i)1194893

10.91870580

746741

1570947

168 4145 515871585161 1151 9

16201587

1553203712 99

286 1817261

28805489464498436223391 1132399

432 1333630173 12

271.1824296

111

8.16114011 918978619539 147.796.73941

11329249.74

87712.01

856

684818786826

10776.26

5431020

9.2610.8613.45

8075.57

11018685.82

739744

8.14(i)1193897

10.93870582

739741

1572946

169 5145 9.15941587160 81523

160 81585

15 56204313 04

2865317240

286424890643233365983955032720

432693359217344

266.7824254

114

8.16114112029048679609197.806.78941

11359359.85

88412.04

865

695824792836

10196.31

5441024929

10.9013.54

8 165.61

1100874578

7437 47

8.17(i)1196899

10.96874583

7477 44

1578949

169 7145 615971590161 8152 6

161 71594

1549204013 06

2875817293

289684951944234372454032033042

436703399917802

268.9724352

1178

1189115.81191

1160118612261214

121

8.2611 5412089088729649247.886.76942

11 389319.85

88812.06

868

700827796841

10.776.39

5501023

9.2610.9113.47

8175.68

11088825.89

755757

8.21(i)1197903

11.02876584

749748

1584948

171 014631603159916331527

16421598

15 52204213 32

2906317393

289 104996843850368653981332667

4343433869173 17

275.5824678

123

8.24114911999068709639237.886.75938

11499319.87

88612.00

866

697824793837

11 136.40

5461022

9.3010.9013.43

8165.67

11018795.89

754755

8.23(i)1195906

10.99876584

747750

1585948

170714621607159816271529

16401598

1552204313 38

2905217365

288404929244363368743986832630

4293933578173 17

274.4624613

129

8.24116011979098739669257.876.76940

11449319.90

88812.12

871

697827795839

11.296.41

54810.25

9.2910.9513.44

8205.68

11028.795.89

7547.54

8.25(i)1197

9.0911.08882587

7.54752

159 1951

172014631612160916271532

16421608

1554204913 21

2912317408

288404964843930369963999232749

429783366617434

273.7024580

1198

120911771220

1179120712501229

124

8.29116211.959 118759679277.896.76951

11 519349.91

88912.06

873

697829798843

11.436.43

54910.29

9.2910.9713.44

8255.68

11 078.895.90

7627.60

8.31(i)12039.11

11.11-888589

7.62760

159995.4

17291466161 5161.316451537

16581623

155620491329

2941717552

2926449966448133726040227329 94

435053422717582

278.1324852

124

8.2811 5611.999 118769669277.926.80954

11499.339.90

88912.04

871

699830800843

11.556.42

54810.349.31

11.0213.32

8205.68

11038.865.88

7.557.55

8.29(i)1207

9.1211.09885587

7.53756

159694.9

17251470162.0160.9164 11534

16421614

1563205313 18

292.6417398

291464993945802369873999232868

432383420017640

274.0724613

125

8.2911.5711.949148779699.298.046.84958

11469.339.93

8.9112.14

878

698833801844

11.926.43

55010.42

9.3011.0313.33

8235.67

11.078.905.88

7.587.53

8.33(i)12079.15

11.16894589

7.61759

160.395.2

1734147.1162.3162.116461538

1649162.5

157620.601331

294.0517461

294305056146088372.914021433153

440593444317875

275.1524774

1208

122111861221

1191121 612551237

134

8.3211.57

11.97r918882

r9.709.328.016.889.64

11.45r9.33r9.96

8.9512.13

8.83

702r841r8.098.41

11.676.43

5.5110.56

r9.3611.1213.27

r830r5.7011.18

8.975.87

r7.6017.56

8.35(i)

12.04r9.1711.228985.89

r7.647.64

160.8r95.21743

146.6162.9162.61659154.0

1655163.4

157920.62

1329

293.9217392

29619r497 51r462.04r369.95r396 73r331 35

r447 203480418021

r278.9225024

138

8.3011.5712.00

9.14r8.789.68

r9.29r8.046.90

r9.6111.43

9.309.93

r9.0012.11

r8.85r6.97r8.37r8.04r8.35

10.696.46

r5.5310.52

r9.4311.1213.30

r828r5.65

11.17r8.93r5.83

r7.60r7.53

'8.34(i)

12.049.20

11.16r895r5.87

r7.60r7.62

160.694.1

173.9146.5163.4161.8165.2153.4

1651162.7

158420.87

"13 18

r293.57171.98

29465r504 45r462.00r369.2639591

r331 45

r442 33r346 48178 40

r276.64r248 49

128

"8.43"11.65"12.12"9.22"8.84"9.77"9.35"8.11"6.98"9.64

"11.49"9.37

"10.02

"9.08"12.22

"8.89

"7.00"8.43"8.09"8.39

"10.18"6.48

"5.60"10.56"9.52

"11.19"13.49

"8.32"5.70

"11.28"9.02"5.90

"7.80"7.70

"8.40(*)

"12.02"9.21

"11.24"902"5.94

"7.82"7.70

"161.7"94.3

"175.3"146.5"163.5"163.1"166.9"154.3

"168.8"165.0

"15.87"20.89

"296.52"172.90

"299 27"51144"469.04"375.25"404 48"333 83

"447 82"349 98"177 59

"285.48"252 56




below, data through 1982 and IT ..methodological notes are as shown in UJnils


Annual

1982 1983

1983


1984



WORK STOPPAGES

Work stoppages involving 1,000 or more workers:Number of stoppages:

Beginning in month or year number . .Workers involved in stoppages:

Beginning in month or year thous ..Days idle during month or year do....

UNEMPLOYMENT INSURANCE

Unemployment insurance programs:Insured unemployment, all programs, average

weekly #@ ... thousState programs (excluding extended duration

provisions):Initial claims .... . . thousInsured unemployment, avg.

weekly doPercent of covered employment: @ @

UnadjustedSeasonally adjusted

Beneficiaries, average weekly. thousBenefits paid @ mil $

Federal employees, insured unemployment,average weekly thous

Veterans' program (UCX):Initial claims doInsured unemployment, avg.

weekly. . • doBeneficiaries, average weekly. doBenefits paid mil $

Railroad program:Applications . . . . thousInsured unemployment, avg.

weekly doBenefits paid mil. $..

96

6569,061

4594

30298

4061

46

35642 20 649 5

32

136

119

835

246

62338.7

81

90917,461

3775

22802

3396

39

299018 613 2

26

196

3027

1789

180

58301.6

7

6168,673

2917

1668

2766

3235

245713374

22

19

2623

139

14

4321.8

7

20567

2580

1381

2449

2834

2 1331 1044

22

17

2724

135

9

4120.2

12

681,143

2478

1522

2358

2733

20041 0021

25

16

2825

14 1

7

4319.5

4

23605

2 620

1757

2508

2933

211410999

27

15

2826

151

8

4219.5

0

464

2915

2105

2805

o q

322311

12036

29

14

2726

148

8

4319.9

6

29507

3374

2356

3249

383 1

278014580

32

15

2725

146

10

5223.9

2

8365

3 174

1528

3056

3629

276714005

31

13

2423

125

4

4723.2

2

3284

2958

1433

2843

q q

29

233913695

28

13

2220

118

3

4020.1

6

27644

2613

1429r2515

2928

r23081 173 6

23

12

2019

103

2

2913.4

5

8581

2290

1370

2215

2628

r20231 109.2

20

12

1817

106

2

2110.2

5

24755

2166

1389

2,111

2527

19179483

19

12

1817

95

11

167.0

8

'681,221

2321

1727

2270

2627

1902972.7

20

13

1816

96

25

176.7

5

241,633

"2184

"1467

"2,183

P2527

"1,911"1,031.9

19

14

19"17108

16

17

119735

FINANCE

BANKINGOpen market paper outstanding, end of period:

Bankers' acceptances ... mil $Commercial and financial company

paper total doFinancial companies do~

Dealer placed doDirectly placed „. do

Nonfinancial companies do

Agricultural loans and discounts outstanding ofagencies supervised by the Farm Credit Adm.:Total end of period mil $

Farm mortgage loans:Federal land banks do

Loans to cooperatives doOther loans and discounts do....

Federal Reserve banks, condition, end of period:Assets, total # mil $

Reserve bank credit outstand-ing total $ doTime loans . . . . doU.S. Government securities do

Gold certificate account do

Liabilities, total # do

Deposits total doMember-bank reserve balances do ....

Federal Reserve notes in circu-lation . do

All member banks of Federal Reserve System,averages of daily figures:

Reserves held, total .... mil $Required doExcess do

Borrowings from Federal Reservebanks do

Free reserves do

Large commercial banks reporting to Federal Re-serve System, Wed. nearest end of yr. or mo.:$Deposits:

Demand, total # .... .. mil $Individuals, partnerships, and

corporations $t doStates and political subdivisions do....U S Government doDepository institutions in U.S. $$ do....

Transaction balances other than demanddeposits * do

Nontransaction balances, total * do....Individuals, partnerships, and

corporations do

Loans and leases(adjusted),total § do....Commercial and industrial do....For purchasing and carrying

securities doTo nonbank depository and other

financial doReal estate loans doTo States and political subdivisions () doOther loans do

Investments, total doU.S. Treasury and Govt. agency securities,

total <} doInvestment account 0 do....

Other securities <£> do

79543

3 162 3303 118 640

3 34 6663 83 97443690

80408

503758423

21,610

190 128

153 769717

139 31211 148

190 1283433426,489

141 990

Ml 854Ml 354

'500

'634i 101

191 546

141 6985,2251764

23,816

416,133

377218

524,625218,529

11 138

26684133 738

161 257129 438

6263954,76166 799

78 309

181 348137 970417279624343 378

80541

510789319

20,143

198 571

163 694918

151 94211 121

198 57126 12321,446

157 097

1 38 8941 38 333

'561

'7741 117

195 538

149 9715*.5072055

21,868

439,983

411 068553,128223,857

13638

25272142*170

174 488145 803

7547367,77770330

73977

172 407129 37539 1369023943 032

81 601

510068974

21,621

193 405

160 2423 633

146 48911 128

193 40530 60825,702

148 241

38 66138214

446

1 546902

179 139

136 9354,719

99320,412

429 130

400 368530,222216,005

12497

25021139 237

165 307138 908

7014261,74268766

73569

176 125130 280392479103345845

81 177

51 0958707

21,375

208 034

167 3981 625

155 42311 128

208 03444 59320,697

148 172

37 91637418

498

1 441'753

169 441

130 8184,4921 607

18,199

428 000

399 366530,378215,287

11 402

25 326140 261

163927

139 422

7072062,31468702

72902

177 150132 12839 1349299445 022

81 106

51 1059263

20,737

190 067

155 964387

146 09611 126

190 06726 11220,227

149 676

- 38 13737633

505

844197

180 079

138 6775,'2841 152

20,103

432,988

405 227541,626218,706

13061

25014141*637

174 126143 742

7485365,72268889

77919

182475137 297421249517345 178

80769

51 1309460

20,180

195 267

160 0431*059

149 43911 123

195 2672544321,581

153 800

38 14437 615

529

906256

187 336

143 6384,9001 934

20,448

437 235

408 964543,644219,355

14291

24 256142 106

174 875145 869

77 10568,04468764

78309

181 348137 970417279624343 378

80 541

510789319

20,143

198 571

163 694918

151 94211 121

198 57126 12321,446

157 097

38 89438 333

561

774117

195 538

149 9715,5072055

21,868

439 983

411 068553,128223,857

13 638

25 272142 170

174 488145 803

7547367,77770330

73450

187 284142 638

r44 08298556

r44 646

80 896

510361017119,690

199 457

163 081418

150 25411 120

199 45729 66120,361

151 711

40 12039 507

613

71516

186 364

139 3785*4531 106

23,974

32956408 881

380 480577,258221,422

14 910

25 578144*65720361

180*307

130 201

8024468,37749957

74367

193 926146 753

r45 526101 227r47 173

80 821

5099810 17019,653

188 837

158 5351 020

140 84711 116

188 83720 30616,330

152 383

36 36535423

942

567478

185 724

140 5015,4482 446

22,623

32736411 118

382 536585,352226,817

15 659

24 766145*46820 670

181 012129 697

80 17569,22349522

73221

r200 365151 197

r46 556104 641r49 168

80 935

510381029219,605

195 100

159 508896

150 81411 111

195 10026 63422,167

153 871

36 27835 569

709

952110

176 120

134 1904,2501 736

21,285

32899415 351

386 014587,258231,233

12 678

24 312146 73321 274

174*169

128 525

7896168,23149564

78457

r210 073156*329

r48 370107 959r53 744

81 131

51 0551032119,755

208 207

172 937907

162 13411 109

208 20737 11319,715

155 388

37 15436 664

490

1 234605

185 972

141 3345,8541 307

22,088

33340414 454

385311

602^674236,671

13 '868

25415148*44822538

180 948128 260

7797866*.45650282

79530

r215 345161 474

r51 134110340r53 871

81 176

51 1061012719,944

202 369

167 5662832

154 86911 104

202 36927 25221,686

158 727

36 51935 942

577

2 9882 215

185 051

140 8044,6231 076

22,562

32673426 900

395 671607,656239,798

14479

25779149 25923053

183 531125 726

7683465*.03748892

82067

r220 594160 413

r50 216110 197

r60 181

80 852

51 1699289

20,394

200 726

165 4654760

152 85911 100

200 72625 31820,252

159 915

37 51836752

767

3 3002 269

177 286

134 7324,7022 296

20,971

31967431 360

399 601612,942243,591

13 137

25 314150 77724039

182 818119 473

7217364,54447300

80957

r222782160544

r49 676110868

r62 238

80779

51 1908947

20,642

204 194

167 1137*238

150 70511099

204 1942585121,355

160 402

37 46436858

607

59245*009

188 449

142 2066,'l201 200

23,298

33356434 075

403 152617,678244,724

12806

25 580152 39424788

188 693119 922

7271263,59447210

220 125158 35850313

108 04561767

80 545

512198,709

20,616

203 184

170 6488276

153 18311 098

203 1842741722,733

161 551

r37 258r36 575

r683

8017r e 988

172 507

131 7064,4382 138

19*.196

32258436 102

403 335615,716242,136

11 494

25 472153*27325807

187 131123 159

7506863,45648091

207 157

170 4336633

155 01811097

207 1573271823,612

160 053

3803837414

624

7 2426 299

185 925

139 0544,8553 942

22,537

33857440 679

407 433627,324246,290

13 354

24 935154 98325 499

193 327121 782

7403762,88947745




below, data through 1982 and ,T .,methodological notes are as shown in unus


Annual

1982 1983

1983


1984


FINANCE—Continued

BANKING-ContinuedCommercial bank credit, seas, adj.:

Total loans and securities 0 bil. $ ..U.S. Treasury securities doOther securities doTotal loans and leases <> do

Money and interest rates:Prime rate charged by banks on

short-term business loans * percent..Discount rate (New York Federal

Reserve Bank) @ @ doFederal intermediate credit bank

loans doHome mortgage rates (conventional 1st

mortgages):New home purchase (U.S. avg.) percent-Existing home purchase(U S avg ) do

Open market rates, New York City:Bankers' acceptances, 90 days do ....Commercial paper, 6-month $ do ....Finance co. paper placed di-

rectly, 6-mo doYield on U.S. Gov. securities (taxable):

3-month bills (rate on new issue)... percent..CONSUMER INSTALLMENT CREDIT t

Not seasonally adjustedTotal outstanding (end of period) # mil $

By major holder:Commercial banks doFinance companies doCredit unions doRetailers . doSavings and loans do

By major credit type:Automobile doRevolving doMobile home. do

Seasonally adjusted *Total outstanding (end of period) # do

By major holder:Commercial banks doFinance companies doCredit unions doRetailers doSavings and loans do

By major credit type:Automobile doRevolving doMobile home do

Total net change (during period) # do .By major holder:

Commercial banks doFinance companies doCredit unions doRetailers doSavings and loans do

By major credit type:Automobile doRevolving . doMobile home doFEDERAL GOVERNMENT FINANCE

Budget receipts and outlays:Receipts (net) mil $Outlays (net) do

Budget financing, total doBorrowing from the public do ....Reduction in cash balances do ....

Gross amount of debt outstanding do ....Held by the public do

Budget receipts by source and outlays byagency:Receipts (net), total mil $

Individual income taxes (net) do...Corporation income taxes (net) doSocial insurance taxes and contributions

(net) mil $Other do

Outlays, total # doAgriculture Department doDefense Department, military do ...Health and Human Services

Department mil $Treasury Department doNational Aeronautics and

Space Adm doVeterans Administration do ...

GOLD AND SILVER:Gold:

Monetary stock, U.S. (end ofperiod) .. mil $

Price at New York £t dol. per troy oz.Silver:

Price at New York $$ dol. per troy oz.

1,412.0130.9239.2

1,042.0

14.86

11.02

2 13.56

2 14.492 14.78

3 11.893 11.89

3 1-1.20

3 10.686

355,849

152,49098,69347,25332,73515,823

131,08669,99822,254

1 617,7661 728,424

'-110,6581 127,9891 134,912l- 6,923

1 1,146,9871 929,346

1 617,766'298,1111 49,207

1 201,1311 69,317

1 728,424'36,213

'182,8501 251,2591 110,521

1 6,0261 23,937

11,148376.010

7.947

1,568.1188.0247.5

1,132.6

10.79

8.50

10.60

12.1112.29

8.908.89

8.69

8.630

396,082

171,978102,86253,47135,91121,615

142,44980,82323,680

1 600,562rl 795,916

TI 195 354

"207,711'212,424rl- 4,713

1,381,886rl 1,141,771

'600,562'288,938'37,022

'208,994'65,609

rl 795,916n 46,384'205,012

rl 276,453rl 116,248

'6,664rl 24,816

11,121423.828

11.441

1,513.2174.4247.8

1,091.0

10.89

8.50

10.30

12.0112.25

9.599.68

9.42

9.390

371,295

158,402102,54150,12130,64819,461

138,24270,00622,993

370,471

157,720102,22749,92131,33019,462

137,13670,63023,2984,093

2,278638510164265

2,372541222

49 68367,160

-17,47718,74420,522

-1,7781,353,0721,126,328

49,68323,259

383

20,0895,952

67,1601,644

18,133

23,5739,996

6012,251

11,128416.248

12.096

1,520.3176.9247.1

1,096.3

11.00

8.50

10.42

12.0812.38

9.239.28

9.09

9.050

375,246

160,973102,17451,12330,92619,985

139,00271,03923,189

373,024

159,429101,84250,56731,55519,910

137,43171,20923,5532,553

1,709-385

646225448

295579255

63,55661,610

1,946756

15,442-14,686

1,381,8861,141,77

63,55630,9619,048

17,2406,308

61,6102,637

17,508

r22,307r6,556

r5431,989

11,128411.455

11.915

1,532.9182.3246.5

1,104.1

11.00

8.50

10.55

11.8012.19

9.018.98

8.79

8.710

379,334

163,274102,33851,76731,33720,472

140,10172,10523,358

378,117

162,142102,31251,50931,77020,347

139,14072,44723,5235,093

2,713470942215437

1,7091,238

30

45,15670,22525 06923,62311,73211,891

1,389,2361,153,502

45,15623,227

468

15,7065,753

70,2254,445

16,949

23,2979,611

7341,936

11,126393.208

9.841

1,548.9186.2247.1

1,115.7

11.00

8.50

10.61

11.8212.11

9.169.09

8.84

8.710

384,410

165,670102,56052,57832,37121,023

141,10774,03223,492

382,936

164,974102,27252,42132,08820,931

140,40873,87423,4594,819

2,832-40912318584

1,2681,427-64

46,20067,79221 59122,2708,946

13,3241,393,8161,162,448

46,20022,700

467

16,7806,253

67,7922,755

17,445

23,55910,665

6322,047

11,123382.245

8.837

1,568.1188.0247.5

1,132.6

11.00

8.50

10.67

11.9411.94

9.529.50

9.11

8.960

396,082

171,978102,86253,47135,91121,615

142,44980,82323,680

388,718

168,951102,12653,15232,62521,520

141,87675,56423,4605,782

3,977-146

731537589

1,4681,690

1

58,04174,70216 66116,57215,5011,071

1,415,3431,177,948

58,04125,57710,922

16,1205,422

74,7023,988

18,925

24,44817,438

5903,332

11,121387.140

9.121

1,585.4188.7252.0

1,144.7

11.00

8.50

10.80

11.8011.70

9.239.18

9.02

8.930

394,922

171,934101,68053,88234,50521,823

143,18678,56623,668

393,187

170,980102,06054,06833,04721,884

143,98276,06923,3684,469

2,029-66916422364

2,106505-92

62,54468,0595 5155,762

23,686-17,924

1,441,9931,201,634

62,54433,881

1,619

21,4625,582

68,0594,266

17,781

23,8129,481

4141,199

11,120370.888

8.182

1,604.7188.2252.2

1,164.2

11.00

8.50

10.84

11.7811.73

9.389.31

9.06

9.030

399,177

175,941101,70254,85133,45522,269

146,04777,67123,571

399,795

175,894102,31854,78033,37222,298

146,78177,34223,2416,608

4,914258712325414

2,7991,273-127

47,88668,26720 38120,58818,1722,416

1,462,1271,219,80

47,88622,190

c

19,9635,725

68,2673,561

17,939

24,14310,625

6312,100

11,116385.955

9.126

1,621.3186.9r253.2

1,181.1

11.21

8.50

10.79

11.5611.69

9.889.86

9.38

9.440

402,466

177,625101,61955,89233,20823,071

146,04779,11023,661

405,665

179,316102,12556,01033,72723,111

147,10780,30423,5265,870

3,422193

1,230355813

3262,962

285

44 46473,02028 55530,2827,568

22,7141,468,3031,227,376

44,46412,8957,965

17,7025,902

73,0203,032

18,950

25,63510,066

5223,294

11,111394.264

9.651

1,630.1185.6r250.8

1,193.6

11.93

8.87

10.87

11.5511.61

10.2210.22

9.76

9.690

407,671

181,022101,11956,96233,32723,957

147,94480,18423,850

412,073

183,331101,77557,53934,00523,979

149,26582,17223,8116,408

4,015350

1,529278868

2,1581,868

285

80,18068,68711,493

-10,83317,038

-27,8711,490,6631,244,414

80,18039,1929,095

26,0365,858

68,6873,114

18,210

24,06011,524

604886

11,109381.658

9.220

1,649.5186.1r250.0

1,213.4

12.39

9.00

10.97

11.6811.63

10.8410.87

10.03

9.900

418,080

186,668102,96758,51733,73024,915

152,22582,43624,104

422,306

189,396103,07958,99234,48124,958

152,95484,98924,11310,233

6,0651,3041,453

476979

3,6892,817

302

37,45971,391

-33,93235,284

8,60426,680

1,501,6561,253,018

37,4594,333

280

26,4416,405

71,3912,725

19,373

24,56010,973

6032,200

11,104377.261

8.972

1,652.6181.7248.2

1,222.7

12.60

9.00

11.16

11.6111.79

11.0411.23

10.25

9.940

427,565

191,519104,46059,89334,20625,837

155,93784,59824,427

430,131

193,231104,43259,95434,95226,027

> 155,85186,55824,5677,825

3,8351,353

962471

1,069

2,8971,569

454

69,28271,28320003,8015,524

-1,7231,517,2211,258,542

69,28232,20011,315

19,7596,008

71,2832,050

19,123

27,86717,568

5733,148

11,100377.665

~~ 9.754

1,664.7182.8r247.7

1,234.2

13.00

9.00

11.32

11.9112.03

11.3011.34

10.42

10.130

435,367

195,265106,21961,15134,02226,767

159,64985,58824,751

437,237

196,423105,83461,52034,85126,874

159,27387,19825,0297,106

3,1921,4021,566

101847

3,422640462

52,01768,433

-16,41618,12824,540

-6,4121,543,1171,283,081

52,01722,3982,063

21,3616,195

68,4332,400

18,296

23,59410,515

6151,240

11,099346.443

7.416

1,675.5184.8249.6

1,241.1

13.00

9.00

11.32

11.8912.24

11.2311.16

10.52

10.490

443,537

199,654106,88162,67934,29427,918

162,03887,78825,178

443,235

199,054106,94562,36435,05727,998

161,05088,51225,602

5,998

2,6311,111

844206

1,124

1,7771,314

573

55,20988,70733 49834,67325,3409,333

1,565,1401,308,421

55,20925,820

801

21,9326,657

88,7072,648

19,459

39,82211,926

6263,281

11,098347.693

7.613

1,685.8183.7251.0

1,251.1

12.97

9.00

11.53

12.0312.43

11.0310.94

10.56

10.410

68,01951,23416,785

-14,8114,167

-18,9781,576,7481,312,589

68,01931,54111,891

18,6395,948

51,2342,496

18,354

7,42810,572

502932

11,097340.913

7.263




below, data through 1982 and IT .methodological notes are as shown in us


Annual

1982 1983

1983


1984


FINANCE—Continued

MONETARY STATISTICSCurrency in circulation (end of period) bil. $..Money stock measures and components (averages

of daily figures): fMeasures (not seasonally adjusted): $

Ml bil $M2 doM3 doL (M3 plus other liquid assets) do

Components (not seasonally adjusted):Currency doDemand deposits .. doOther checkable deposits $$ doOvernight RP's and Eurodol-

lars 6 .. doGeneral purpose and broker/dealer

money market funds doMoney market deposit ac-

counts * doSavings deposits doSmall time deposits @ doLarge time deposits @ . .. do

Measures (seasonally adjusted): tMl doM2 doM3 doL (M3 plus other liquid assets)... do

Components (seasonally adjusted):Currency doDemand deposits . doOther checkable deposits * doSavings deposits doSmall time deposits @ doLarge time deposits @ doPROFITS AND DIVIDENDS (QTRLY.)

Manufacturing corps. (Bureau of the Census):Net profit after taxes, all indus-

tries mil $Food and kindred products doTextile mill products doPaper and allied products doChemicals and allied products doPetroleum and coal products doStone, clay, and glass products do....Primary nonferrous metal doPrimary iron and steel doFabricated metal products (except ordnance,

machinery, and transportionequipment) mil $

Machinery (except electrical) ... doElectrical machinery, equipment,

and supplies doTransportation equipment (except motor

vehicles, etc.) mil. $Motor vehicles and equipment do....All other manufacturing in-

dustries doDividends paid (cash), all indus-

tries doSECURITIES 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 # mil $

Manufacturing . doExtractive (mining) doPublic utility doTransportation ' doCommunication .. doFinancial arid real estate do

State and municipal issues (Bond Buyer):Long-term doShort-term do

SECURITY MARKETSStock Market Customer Financing

Margin credit at brokers, end of yearor month mil $

Free credit balances at brokers:Margin accounts doCash accounts do

BondsPrices:

Standard & Poor's Corporation:High grade corporate:

Composite § dol. per $100 bond ..Domestic municipal (15 bonds) do....

Sales:New York Stock Exchange, exclusive of some

stopped sales, face value, total mil. $..

156.2

r45851 878 8r2 358 6r2 751 4

1294r2344

903

r41 5

1720

r3505r8589r3245

710288383

8511460

1032419,666

408333

3705

23208038

6449

2,566734

13867

41259

r73 428

44004r23 202

4950

r72 155132376923

1640820913894

r23 094

77 17943390

13325

57358390

35.841.8

7,155.44

1719

50902115925967

r3 039 8

141 924181207

529

1453

3405321275453075

858349,4361 5992327

1164419,297

1,002288

3746

26937680

6367

3,0117,168

17644

41624

101 837

r47 905r44 857

rl 508

100 270r22 675

8 58012 092

r4 1615*508

r34 644

83 34835849

23000

6,6208430

41 251.4

7,572.32

513521333261563 070 6

1438241 11235

524

139 1

3686319874703085

517 4213532617230751

143524371256319374903086

r6359

r2735r2961

r417

r6 1121735

345r758220245

1988

6 5764 101

19437

63508035

39.050.0

560.48

1628

516 321422263133 0857

144 324201249

535

137 9

36953162756 33148

518 9214792636730979

144 824301264317975903132

232292555

487685

32175492

5444

570

7461870

1 584

8181438

4367

10 362

6 649

2 6803 126

644

6 4501 491

476843178103

2252

5 8062 397

20 124

65507 930

39750.8

498.96

522 32167 12655 13 110 0

145724481270

570

137 5

37053160771 43179

521 621672265643 1140

146 024361272317177303156

6053

24333 320

300

6 0541 159

4091 012

30556

2490

6 6683 382

21 030

66307695

40050.4

513.37

526721812268793 146 0

147 924521289

552

1388

37293120783 13237

523 0218212*686831448

147224281282315478553208

7 242

3 3163 444

433

7 193596

1 124l'l28

30312

3530

5 8981 983

22075

65127599

39349.6

530.06

1719

53782 198027139

r3 187 0

150525161312

562

138 2

3760308578863297

525 32 196227079

T3 176 3

1480243712883129793 13259

250093001

396655

26915638

382171

1 801

8532769

2 181

7752498

5 142

10 965

6 215

2 443

3 234288

59651267

360433508

122682

9 1371 977

23 000

66208430

38649.1

601.30

534822105

r2 727 1r3 210 5

148424941325

586

137 8

3803307479943350

530 02206727213

r3 199 0

149924451307309979703334

1

8026

5 0672 456

305

7 828615823467

64239

4380

4 9312 492

23 132

65108 230

(2)

51.8

566.58

521822123

r2 737 0r3 230 6

148323791309

595

142 1

3860305280543409

532 922225

r2 744 3r3 229 1

150224381338306680093403

10 388

76942080

515

10 289764132429

8920

7750

4 5322 253

22557

64208 420

50.5

550.96

1687

528 122308

r2 766 2r3 277 2

14982394134 1

583

144 8

39253072807 63473

535 12 229 9

r2 765 0r3'270 9

150 9244 013523055803 43483

264632368

413629

37064476

162219214

9662159

2228

9603318

4645

11 169

5915

3 6011 764

302

5 667409384533279217

3373

50693 393

22668

65208 265

49.0

579.24

543222546

r2 798 0r3 308 0

151 524781390

575

1459

39643087810 7351 9

53532 2427

r2 789 4r3'296 5

151824531332305580833559

5393

3 4721 582

339

5 3931 1951 005

58212094

1827

5 1346*158

22830

64507 910

48.6

552.79

534922534

r2 810 5r3 323 4

152924131358

59 1

146 5

3946308281763649

541 022584

r2 815 3r3 32715

152924521378305581673676

-

5377

16721 600

604

3 8779245671158416

1 526

6 6242 323

22360

66858 115

45.9

644.69

175.1

r545422738

r2 835.2r3 364 6

154924701381

565

1489

3929308.6829 13754

546222720

r2 836 5r3 368 5

1542248213863052

r82903791

309922,539

508942

39764,882

612305374

13593338

1875

1,2203,446

5616

11 211

4603

28201 608

174

4 603167117485175161

2904

68753*775

23450

64308304

45.2

561.99

5473r2,286.4r2,855.333953

15632475137.7

r565

1505

3889307.08438

r3846

5456r2 281 3r2 856 43,403 2

1550247 11383303.384503891

6427

51281109

189

' 64278825737856897

3347

62802589

22980

6,4308124

46.1

534.20

r542.4r2,287.7r2,865.5

156.5242.9137.3

r58.5

1505

r383.1300.5

r8599r3924

r5463r2 290 2r2 867.4

1560245.5

139.6300.5

r8617r391.8

7,180

5,1421,706

333

7 1802,395

316144182122

2,910

r9805r2511

22810

6,8558185

48.4

593.47

546.42,298.92,880.2

1565245.4139.1

56.9

151 9

382.1297.587173957

54902,305 32,885 8

15662465140.7299.88744393.0

6 5561 905

47.7

495.72




below, data through 1982 and 1T .,methodological notes are as shown in units


Annual

1982 1983

1983


1984


FINANCE—Continued

Bonds— ContinuedYields:

Domestic corporate (Moody's) percentBy rating:

Aaa doAa doA doBaa do

By group:Industrials doPublic utilities doRailroads do

Domestic municipal:Bond Buyer (20 bonds) do....Standard & Poor's Corp. (15

bonds) doU.S. Treasury bonds, taxable $ do

StocksPrices:

Dow-Jones averages (65 stocks)Industrial (30 stocks) .Public utility (15 stocks)Transportation (20 stocks)

Standard & Poor's Corporation: §Combined index (500 Stocks) 1941-43 = 10..

Industrial, total (400 Stocks) # do....Capital goods (105 Stocks) do ....Consumer goods (191 Stocks) do....

Utilities (40 Stocks) do ..Transportation (20 Stocks) <>.. 1982 = 100...

Railroads (6 Stocks) 1941-43=10..Financial (40 Stocks) 1970=10..

New York City banks (6 Stocks)1941-43=10...

Banks outside NYC (10 Stocks) do....Property-Casualty Insur-

ance (5 Stocks) do....N.Y. Stock Exchange common stock indexes:

Composite 12/31/65—50Industrial . doTransportation ... doUtility doFinance do

Yields (Standard & Poor's Corp.):Composite (500 stocks) . percent

Industrials (400 stocks) doUtilities (40 stocks) doTransportation (20 stocks) doFinancial (40 stocks) do

Preferred stocks, 10 high-grade doSales:

Total on all registered exchanges (SEC):Market value . mil $Shares sold millions

On New York Stock Exchange:Market value mil $Shares sold (cleared or set-

tled) ... .. millionsNew York Stock Exchange:

Exclusive of odd-lot and stopped stocksales (sales effected) millions

Shares listed, NYSE, end of period:Market value, all listed shares bil $Number of shares listed millions.

1494

137914 4115431611

145415331368

11.56

11 571223

34540884361119535981

119.71133.57119.98109375478

100.0074.8214.30

54.7695.87

143.01

68 9378186041397471 99

581548

1039432592

1253

596 67022414

514 263

18 211

16 458

1 305 3639,516

1278

120412 4213 101355

122513311208

9.52

9481084

472.241 190 34

1299854461

160.41180.49171.62150776487

147.05108.4618.70

69.23113.16

181.16

926310745893647009534

4404049242854 79

1102

957 11830 147

815113

24 253

21 590

1 584 1645,118

1301

1251127213 171364

125213 501213

9.75

9721142

470131 189 21

1296053683

162.42183.16176.42150326485

145.72112.0318.75

68.75119.44

175.69

93 9610950880646949576

4354019202884 75

1107

79 5532633

68 306

2 191

1 706

1 571 3843,763

1291

123712 6213 1113 55

124613 351204

9.46

9571126

491301 237 04

13247571 17

167.16188.61182.89155436600

157.79121.8618.91

68.47118.31

186.65

967011276945648169700

4243919 112654 72

1106

80 4762399

68 440

1 946

1 740

1 591 4343,888

1279

1225124912 971346

123913 191208

9.79

9641121

500441 252 20

1383558228

167.65189.00183.09160206910

158.30120.3718.29

63.28111.76

185.44

96 7811287954148739479

4253918752644 90

1097

81 9702446

69 341

1 965

1 794

1 563 5844,276

12 93

124112 6113091361

125413 331235

9.82

9791132

503461 250 00

1377459721

165.23185.86178.25158416895

160.49119.4318.10

64.57108.15

183.20

95 3611077976848509448

4313938802604 98

11 12

80 0212327

68 166

1 883

i »i5

1 605 5644,920

1307

125712 7613 211375

126613481246

9.76

9901144

502801 257 64

1327359727

164.36185.18179.19154.8266.95

159.52116.1918.16

65.97111.52

184.38

949211065987947009425

4323759412615 00

1149

84 3842638

71 813

2 131

1 849

1 584 1645,118

*12921 12 2012 7113 131365

1263'13 4012 41

9.51

96111 29

501.801 258 89

1324759308

166.39187.50179.05156.3968.50

156.11112.9018.35

69.65114.51

182.86

9616112 16979847439579

4273719252684 98

1135

857442619

72721

2 129

2 216

1 576 8845,723

12 88

1208127013 111359

126013 501228

9.86

9631144

458291 164 46

1275851578

157.25177.14164.27145.8866.25

138.50102.2917.28

69.51108.81

181.06

9060105 44863345678995

459400958312531

1116

907402863

79 282

2 412

1933

1 508 2346,825

13 33

125713 2213 541399

130014 0312 54

9.93

99211 90

456.101 161 97

1274950934

157.44177.85173.64144556525

137.88103.4117.13

66.38103.67

189.54

90661059286 1044838950

463402979307532

1139

824992549

71378

2 100

1 855

1 525 5646,938

1359

128113 4813771431

132514301281

9.99

9981217

450.001 152 71

1257449647

157.60178.57173.91143.7764.34

135.43103.5816.99

63.0298.94

195.70

9067106568361438688.22

464402994318540

11.66

689552200

58610

1810

1717

1 534.7347,287

14 13

132814 1014371474

137214951325

11.07

10551289

446.491 143 42

12645489.28

156.55177.60172.27143.8364.94

132.37100.9316.23

61.3892.76

180.67

9007105948162442285.06

4724119.823.26544

11.72

780202459

66391

2026

1940

1,450.4148,035

1440

1355143314661505

14.0315 161331

10.76

10711300

436.111 121 14

12396472.56

153.12174.20164.52146.1464.00

126.5594.3615.14

55.3382.34

168.67

882810404792943.6580.75

486423

10.003.42578

12.04

757222,414

64,956

2001

1,804

1,463.4448,267

1432

13.4414 1214571515

14.0914921360

9.92

10551282

432.581 113 27

124.79463.74

151.08171.70160.02145.4264.66

122.0490.5314.66

53.7580.23

154.96

870810229767244.1779.03

4934.299.963.556 15

12.13

62,1552,124

53,271

1,758

1,662

1,439.1248,515

1378

12.87134714 1314.63

13.6114291382

10.17

100312.23

470.051,212.82

128.23517.86

164.42186.86175.77155.4768.11

138.37100.8316.65

60.2386.67

172.50

94491112086.8646.4987.92

4624.019.533.30550

11.77

106,2413,404

91,804

2,848

2,528

1,589.0448,806

13.56

12.6613.2713.9414.35

13.4214.0413.68

10.15

10.1711.97

472.111,213.51

132.83516.18

166.11188.10178.04157.2869.71

138.71103.0317.43

64.6492.49

184.11

95.68112.1886.8847.4791.59

11.65

1,769

1,585.2348,828

FOREIGN TRADE OF THE UNITED STATES

VALUE OF EXPORTSExports (mdse.), incl. reexports,

total @ mil $Excl Dept of Defense shipments do

Seasonally adjusted ... doBy geographic regions:

Africa . doAsia doAustralia and Oceania doEurope doNorthern North America doSouthern North America doSouth America. . . do

By leading countries:Africa:

Egypt doRepublic of South Africa.... do

Asia; Australia and Oceania:Australia, including New

Guinea doJapan do

212 274 6212 193 1

10 271 164 822 256997

63 664 233 723 618 332 115 256 5

2875423682

4600720 966 1

200 537 7200 485 8

8767763 813 448265

58 871 038 245 315 204 810*5200

2812821294

4037921 894 3

15 639 715 638 716 582 4

685948643

449943838303191 419 9

787 1

20631617

362917997

16 845 316 844 017 256 7

812 254377

399344679342201 342 3

9079

27081935

33071 9484

17 250 817 244 417 032 8

593754287

429950225351671 362 5

8734

17371734

351720042

16 817 116 812 217 063 2

62305390 1

408048243343781 257 2'856 1

18442052

344520951

17 509 917 501 417 297 6

805 35 657 0

37245 1155330551 229 110043

20551873

304520856

17 165 517 161 618 326 6

712 150833

473652323347791 363 4

8116

26452106

401 718535

17 014 917 013417 211 9

659 049457

42725036 1368381 444 6

8101

19841765

368618133

19 607 819 606 717 727 2

814 056942

495359738418301 543 8

8912

2660231 1

413520280

17 782 617 779 117 521 5

685852038

379351602399261 464 6

8451

18192450

311 918725

18 737 518 735 617 949 8

820 153595

4863508544,587 315024

8629

23242125

410219863

18,381.318 379 817 633.0

692156043

56264 842.34,094.21 5835

9808

15562069

46272,031.0

18,363.418 361 119,442.4

794958580

55174,899.93,689.11 5799

9857

2498215.4

470.02,158.2

17,311.717 309 618,036.1

72765,278 1

385.84,619.93,712.31 6151

9488

2964177.6

320.21,906.3




below, data through 1982 and .,..methodological notes are as shown in uniis


Annual

1982 1983

1983


1984


FOREIGN TRADE OF THE UNITED STATES—Continued

VALUE OF EXPORTS— ContinuedExports (mdse.), incl. reexports— Continued

Europe:France mil $

Federal Republic of Germany doItaly doUnion of Soviet Socialist Re-

publics . doUnited Kingdom .... do

North and South America:Canada .doLatin American republics,

total # doBrazil . doMexico ' .... doVenezuela do

Exports of U.S. merchandise, total § do....Excluding military grant-aid do ....

Agricultural products, total do....Nonagricultural products total • doBy commodity groups and principal

commodities:Food and live animals # mil. $..Beverages and tobacco do....Crude materials, inedible, exc.

fuels # doMineral fuels, lubricants, etc. # do....Oils and fats, animal and vege-

table . .doChemicals doManufactured goods # do....Machinery and transport equipment,

total mil $Machinery, total # do....Transport equipment, total do ....

Motor vehicles and parts doVALUE OF IMPORTS

General imports total doSeasonally adjusted do

By geographic regions:Africa doAsia doAustralia and Oceania doEurope doNorthern North America . doSouthern North America ... doSouth America . do

By leading countries:Africa:

Egypt ... doRepublic of South Africa do ....

Asia; Australia and Oceania:Australia, including New

Guinea mil. $Japan do

Europe:France doGerman Democratic Republic ..do. . .Federal Republic of Germany doItaly ... doUnion of Soviet Socialist Re-

publics doUnited Kingdom do

North and South America:Canada doLatin American republics,

total # doBrazil .. ... doMexico doVenezuela. . ... do

By commodity groups and principalcommodities:

Agricultural products total mil $Nonagricultural products, total do ....Food and live animals # do ....Beverages and tobacco do....Crude materials, inedible, exc.

fuels # . doMineral fuels, lubricants, etc do ....

Petroleum and products doOils and fats, animal and vege-

table .. doChemicals i doManufactured goods # do...Machinery and transport

equipment . doMachinery, total # do...Transport equipment do

Automobiles and parts do...

7,110.4222.8

9,291.34,616.1

2,587.310,644.7

33,720.2

30,086.33,422.7

11,816.95,206.2

207,157.6207,076.2

36,622.6170,535.0

23,950.43,026.2

19,248.412,728.8

1,540.919,890.5

16,739.2r87,148.159,324.227,823.913,906.8

1 243,951.9

1 17,770.11 85,169.5'3,130.5

'53,412.7'46,497.7'23,525.0'14,444.1

'547.2' 1,966.8

'2,304.6'37,743.7

'5,545.3'53.9

'11,974.8'5,301.4

'227.6'13,094.8

'46,476.9

'32,512.6'4,285.3

'15,565.9'4,767.7

'15,421.7'228,530.2' 14,452.7'3,364.0

'8,589.4'65,409.2'59,396.4

'405.8'9,493.5

'33,148.4

'73,319.6'39,456.8'33,862.8'29,360.6

5,961.3139.0

8,736.73,907.5

2,002.910,621.2

38,244.1

22,618.42,557.19,081.62,811.3

195,969.4195,917.536,107.7

159,861.6

24,166.02,813.0

18,596.09,499.9

1,459.019,750.914,852.0

r82,577.854,308.528,269.314,462.8

258,047.8

14,424.691,463.53,043.5

55,243.055,149.625,731.015,991.9

302.72,027.3

2,247.541,183.2

6,025.058.1

12,695.35,455.3

346.512,469.6

52,129.7

35,682.94,946.1

16,776.14,938.1

16,534.1241,513.715,411.73,407.6

9,590.157,952.252,325.2

495.010,779.434,833.1

86,131.146,974.939,156.235,034.1

395.9.6

698.6273.7

66.2841.5

3,031.9

1,932.4179.2881.2174.0

15,252.015,250.92,613.5

12,638.5

1,854.3215.7

1,478.7837.5

111.71,742.01,235.3

6,007.04,238.31,768.71,049.5

23,058.622,714.1

1,546.68,622.0

303.15,080.84,057.82,135.51,312.7

20.5154.1

223.13,633.8

500.65.5

1,126.9541.7

72.11,318.0

4,055.4

3,032.0439.8

1,491.4358.0

1,248.521,810.11,202.5

277.9

850.85,703.15,359,6

47.1886.7

3,268.4

7,134.34,005.93,128.52,573.9

439.510.3

681.5258.1

68.5810.6

3,421.8

1,953.5200.5775.8200.7

16,480.216,478.92,973.1

13,507.1

2,122.9207.4

1,491.4821.0

157.01,609.81,250.7

6,792.54,646.02,146.51,250.6

21,736.322,451.4

1,413.77,669.8

271,04,391.24,322.32,175,41,492.8

33.4185.3

201.42,975.7

514.63.2

,887.6442.1

51.71,106.6

4,320.1

3,111.6443.8

1,382.8456.0

1,272.120,464.2

1,230.8235.1

837.95,571.35,239.3

43.5845.0

3,024.8

6,436.13,840.22,595.92,322.5

497.913.3

746.6308.3

247.6999.5

3,516.7

1,960.1196.4788.4225.2

16,798.416,791.93,175.5

13,622.9

2,158.8266.5

1,548.6777.0

80.91,754.51,277.7

7,037.84,928.22,109.61,377.5

25,130.224,332.8

1,258.79,703.4

286.05,040.34,673.82,612.21,555.8

23.6166.6

233.84,070.7

571.95.1

1,215.6451.1

36.61,122.5

4,671.5

3,422.2553.1

1,573.6493.6

1,521.523,608.61,411.3

335.4

907.35,871.65,483.0

46.91,020.83,300.8

8,414.54,841.63,572.93,252.0

424.622.0

740.2297.5

250.8823.9

3,437.7

1,876.0205.6755.9242.6

16,418.216,413.33,479.5

12,938.7

2,242.6375.7

1,608.8680.6

120.71,592.41,273.8

6,749.84,579.42,170.41,314.6

23,304.723,114.7

1,190.08,896.8

238.94,739.14,737.52,226.71,275.5

16.5205.0

184.54,025.7

456.17.2

1,222.9448.6

28.41,005.5

4,737.2

2,956.6432.5

1,438.9385.9

1,371.421,933.3

1,254.4310.2

893.04,950.74,592.6

63.6944.8

3,107.5

8,448.24,695.43,752.83,466.5

483.513.4

727.9331.1

308.8866.5

3,305.3

1,994.9236.0723.7368.6

17,107.017,098.63,499.2

13,607.8

2,182.0288.1

1,813.1751.8

137.41,706.21,194.8

7,263.44,614.42,649.01,222.9

21,677.622,975.7

958.37,950.5

275.24,359.54,816.12,039.11,278.8

15.987.8

225.23,807.0

427.53.9

1,086.3445.6

23.9911.2

4,813.3

2,886.5425.8

1,379.9386.9

1,350.420,327.3

1,291.5299.0

767.34,417.13,869.2

55.9854.6

2,849.1

8,123.84,249.73,874.13,519.5

549.113.5

816.5379.9

189.4870.9

3,477.8

1,937.4187.5846.2230.8

16,686.616,682.73,546.5

13,140.1

2,159.0198.5

1,867.1582.4

168.91,759.71,248.0

6,806.94,714.72,092.21,315.5

26,496.826,586.1

1,086.89,829.5

247.06,030.35,219.82,279.61,803.8

35.0202.4

197.14,613.8

787.38.4

1,629.1551.5

28.81,174.2

5,219.1

3,492.3592.1

1,368.1501.7

1,684.724,812.1

1,471.3288.0

856.65,089.2

' 4,492.0

82.91,027.33,773.3

9,881.45,373.14,508.43,912.0

506.917.6

770.4374.9

185.31,033.3

3,683.8

1,993.4161.5945.4309.8

16,589.016,587.53,360.6

13,228.4

1,938.9231.4

1,836.4502.2

170.31,708.81,203.7

6,997.64,598.12,399.51,459.3

25,117.826,147.1

1,454.78,397.9

279.35,465.05,387.12,425.11,708.6

5.0442.3

217.93,634.2

498.26.1

1,197.1653.2

52.1988.7

5,385.6

3,583.3494.8

1,570.1615.4

1,669.323,448.51,488.7

284.4

966.15,006.24,483.2

45.41,047.53,796.6

8,237.34,577.23,660.13,319.2

541.416.5

830.0440.4

338.61,043.0

4,182.7

2,168.4163.6973.7298.0

19,092.319,091.23,823.3

15,269.0

2,239.2238.0

2,075.5790.1

237.61,863.81,364.3

8,042.05,407.92,634.01,682.2

27,731.326,770.9

1,337.99,690.7

269.96,695.15,558.52,518.51,660.6

4.5181.1

186.14,758.2

710.18.0

1,598.7675.4

52.11,280.9

5,557.8

3,569.7604.7

1,622.4414.4

1,774.625,956.71,606.0

259.4

919.45,323.04,832.0

57.71,215.03,876.9

10,313.85,777.24,536.64,029.5

485.13.8

801.3384.1

348.8964.8

3,992.4

2,031.8189.5960.7234.8

17,333.317,329.83,181.0

14,152.3

1,939.7211.1

1,766.5758.8

131.91,728.41,213.5

7,493.44,987.92,505.51,553.6

28,159.628,368.0

1,460.69,892.0

269.16,441.35,839.32,483.71,773.5

6.6274.8

190.74,638.0

607.95.0

1,570.0640.7

33.51,367.9

5,838.5

3,799.0640.6

1,707.9536.9

1,866.726,292.91,702.2

325.7

954.25,628.65,249.7

45.01,309.43,738.1

10,202.25,644.04,558.14,083.1

512.518.0

699.1376.5

261.71,020.2

4,587.0

2,075.6183.6938.9281.5

18,251.818,249.93,193.4

15,058.4

1,981.3168.5

1,853.7901.1

182.71,860.31,393.4

7,738.95,210.22,528.71,672.6

26,607.325,568.8

1,178.29,850.7

254.75,700.25,712.52,087.31,823.7

11.6193.4

192.94,889.1

656.89.0

1,356.1564.6

28.01,055.7

5,712.1

3,526.3591.9

1,381.3610.7

1,690.524,916.81,496.8

263.9

989.14,695.94,294.7

63.81,122.03,784.5

10,259.05,483.84,775.24,358.9

511.31.0

731.4381.0

91.91,025.3

4,093.9

2,299.1249.7

1,017.2279.9

17,926.317,924.82,563.0

15,363.3

1,676.8202.9

1,608:787L6

144.42,066 Jl1.312J1

7,815.45,232:02,583^31,464.9

25,964.425,355,8

1,166.59,608.8

289.35,504:25,751.72,005.81,638.0

13.7175.9

230.74,504.3

529.011.1

1,247.1572.6

28.61,131.8

5,744.4

3,326.7493.7

1,444.7619.5

1,345.124,619.3

1,263.6312.3

897.75,206.24,830.3

38.41,031.83,583.4

9,605.15,414.94,190.33,793.0

487.713.4

730.1335.5

117.3970.7

3,688.9

2,294.6237.0

1,015.3305.5

17,884.317,882.0'2,6883

15,196.0

1,976.7177.9

1,473.8764.8

168.82,054.31,246.3

7,629.35,083.62,545.71,345.4

31,565.131,882.8

1,231.413,038.3

372.07,278.85,403.32,299.31,941.9

39.4204.9

274.86,259.6

943.915.0

1,423.8820.0

24.11,476.4

5,402.5

3,778.5747.8

1,560.7568.3

1,816.429,748.71,629.6

372.7

998.75,434.25,123.1

48.31,270.34,601.1

11,631.07,225.74,405.33,797.2

467.57.2

644.6324.9

260.61,021.4

3,712.2

2,284.1253.0

1,054.8239.2

16,853.916,851.82,586.7

14,267.2

1,985.3146.0

1,376.3877.6

111.91,887.41,259.6

6,855.14,905.91,949.21,241.6

27,042.626,567,3

1,200.810,680.8

287.86,099.74,914.22,128.41,7308

6.9184.4

214.05,084.6

712.912.9

1,270 478L3

80.61,165.4

4,913.8

3,399.1726.8

1,410.4507.0

1,584.725,457.91,411.1

299.8

868.14,886.04,579.9

69.11,092.73,949.2

9,816.76,007.73,809.03,410.8

=::::::

-•••-•"-


455-573 O - 84 - S3



below, data through 1982 and ,, .methodological notes are as shown in units


Annual

1982 1983

1983


1984


FOREIGN TRADE OF THE UNITED STATES—Continued

IndexesExports (U.S. mdse., excl. military grant-aid):

Unit value .. 1977 — 100Quantity doValue do

General imports:Unit value doQuantity doValue do

Shipping Weight and ValueWaterborne trade:

Exports (incl. reexports):Shipping weight thous. sh. tons..Value mil $

General imports:Shipping weight thous sh tonsValue mil. $..

152.5115.1175.6

167.599.9

167.4

400,896115,885

1 376,2321 155,513

154.1107.8166.2

160.6110.3177.1

361,408100,656

366,423155,312

154.0100.8155.2

160.8118.1189.9

29,4788,130

35,40614,324

154.9108.3167.7

160.9111.2179.0

31,0288,377

35,59513,237

156.6109.1170.9

160.7128.8206.9

30,5208,524

38,81015,641

156.5106.7167.0

161.0119.2191.9

30,2228,519

32,23714,195

155.8111.7174.0

162.7109.7178.5

31,8648,891

28,26312,567

157.4107.8169.8

162.6134.2218.2

29,1928,618

33,17415,797

158.1106.8168.8

161.5128.1206.8

25,5767,797

33,02814,263

157.0123.8194.3

163.7139.5228.4

31,7689,289

35,10416,416

157.9111.7176.4

164.1141.3231.9

30,2068,247

37,68216,586

158.3117.4185.8

164.6133.1219.1

158.7114.9182.4

164.4130.1213.8

157.1115.8182.0

164.1158.4259.9

156.0109.9171.5

164.5135.3222.7

TRANSPORTATION AND COMMUNICATION

TRANSPORTATIONAir Carriers (Scheduled Service)

Certificated route carriers:Passenger-miles (revenue) bil..

Passenger-load factor percentTon-miles (revenue), total.. milOperating revenues (quarterly) # § mil. $..

Passenger revenues doCargo revenues doMail revenues . do

Operating expenses (quarterly) § do....Net income after taxes (quarterly) § do

Domestic operations:Passenger-miles (revenue) .. bilCargo ton-miles milMail ton-miles doOperating revenues (quarterly) § mil $Operating expenses (quarterly) § do....Net income after taxes (quarterly) § do

International operations:Passenger-miles (revenue) bil..Cargo ton-miles milMail ton-miles doOperating revenues (quarterly) § mil. $ ..Operating expenses (quarterly) § do....Net income after taxes (quarterly) § do....

Urban Transit SystemsPassengers carried total mil

Motor CarriersCarriers of property, large, class I, 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 tonsFreight carried — volume indexes, class I and II

intercity truck tonnage (ATA):Common carriers of general freight,

seas, adj 1967 — 100Class I Railroads t

Financial operations, qtrly. (AAR), excl. Amtrak:Operating revenues, total # mil $

Freight do....Passenger, excl. Amtrak do

Operating expenses do....Net railway operating income do....Ordinary income do....

Traffic:Revenue ton-miles, qtrly. (AAR).... ....bilPrice index for railroad freight 1969 = 100 ..

TravelLodging industry:

Restaurant sales index same month 1967 — 100Hotels: Average room sale Q dollars

Rooms occupied % of totalMotor hotels: Average room sale <) dollars .

Rooms occupied % of total.Economy hotels:* Average room

sale () .... dollarsRooms occupied * % of total

Foreign travel:U.S. citizens: Arrivals (quarterly) thous .

Departures (quarterly) doAliens: Arrivals (quarterly) do...

Departures (quarterly) do...Passports issued do

National parks, recreation visits ## do..

259.6459.0

32,85036,06630,371

2,319706

36,804911

210.153,0391,004

28,7282 29,478

701

49.432,430

3996,4356,452-193

7,714

1002 15,404

81

2 82

128.9

27,09325,615

37327,094

8051,192

797.8351.4

6 19661.71

6341.16

64

24.9664

2 9,3882 10,2752 10,909

2 9,0473,664

48,901

2281.1560.7

2 35,6802 38,596232,731

2,579668

2 38,234289

2 222.572 3,383

1,064231,008231,184

639

54.842 2,704

4157,1726,697

313

7,859

10016,382

353

164

135.9

26,72625,829

10726,726

1,2961,217

828.3355.8

6 20264.51

6442.30

66

28.6965

12,01012,2588,8317,4674,152

49,328

27.3164.6

3,366

20.9729584

6.3422432

658

138.9

355.6

200r62.07

6842.74

74

31.1676

3449,058

21.6057.3

2,81210,560

9,014666153

9,942351

16.4129282

8,2317,907

99

5.1924731

2,2061,935

234

653

1004254

113

43

139.4

68086,579

266,319

399371

210.8355.6

20368.16

6442.09

64

28.1769

40733,83325952,257

2606,078

22.4959.0

2,945

17.7530988

4.7426335

687

138.7

357.0

22368.50

7241.55

67

29.4765

2224,454

20.8356.7

2,784

17.0931191

3.7425941

672

139.3

357.0

20264.39

6441.89

62

32.3463

2192,104

22.5156.9

2,9659,9318,3272579

66838,234

289

18.42297129

8,1047,885

14

4.0923454

1,7211,668

15

658

1004489

87

44

142.4

6,9376703

276,396

385430

2153357.2

20464.01

5040.52

50

32.4751

2,7332,7651,8831,710

2551,115

21.4953.7

2,732

17.4226290

4.0719634

647

144.8

370.7

16869.13

5843.27

56

28.5555

4 1,0204 9004 6334 599

2721,226

20.1453.8

2,619

16.7427190

3.4021232

ir661

139.6

370.7

19869.69

6644.74

67

27.7459

48614 8824 525M48372

1,439

24.7460.0

3,196

20.53320101

4.2226437

727

1004 112

42

41

142.3

73897,214

266619

564592

231.1371.0

22770.64

7046.42

70

29.0367

4 1,1034 1,082

4 6524 532471

1,776

24.0459.4

3,066

19.48290

92

4.56243

36

664

146.8

371.1

20269.87

6846.53

68

30.4864

5072,633

24.9759.8

3,163

19.80305

94

5.1723235

692

144.0

371.1

24068.82

' 7044.85

69

28.8365

6033,783

27.5464.4

3,412

21.6029991

5.9423335

656

143.0

7,5457,289

256,4711,074

809

235.0371.1

23566.83

7046.35

71

32.0272

528r6,672

27.9361.9

3,472

21.6329285

6.3026835

614

145.5

372.4

4429,379

5 17.82

670

"147.6

372.4

394'8,492

s 14.42

"226.0372.4

2755,627




below, data through 1982 and IT ..methodological notes are as shown in unils


Annual

1982 1983

1983


1984


TRANSPORTATION AND COMMUNICATION—Continued

COMMUNICATIONTelephone carriers:

Operating revenues # mil $Station revenues doTolls, message do

Operating expenses (excluding taxes) do....Net operating income (after taxes) doPhones in service, end of period.... mil

Telegraph carriers:Domestic:

Operating revenues mil $Operating expenses doNet operating revenues (before

taxes) doOverseas, total:

Operating revenues doOperating expenses doNet operating revenues (before

taxes) do....

r73 748r31 654r28 06851 26911 9511578

80936787

868

607 74952

83.7

7809233090

r28 03153,095127971344

r8658r7360

r79 1

r6169r5234

63.1

6558272524984,3321 1581425

755635

82

503438

4.0

65692754231841371 1951406

741604

86

50 2438

4.0

66732 8022*352465110381386

731632

62

52 5447

5.5

6560278023014716

9481365

746662

49

534449

5.9

6660275723695647

4881344

738605

53

528424

7.8

J

CHEMICALS AND ALLIED PRODUCTS

CHEMICALSInorganic Chemicals

Production:Aluminum sulfate, commercial (17% AlaOa) $

thous. sh. tons ..Chlorine gas (100% C12) $ doHydrochloric acid (100% HC1) $ . doPhosphorus, elemental doSodium hydroxide (100% NaOH) $ do ....Sodium silicate, anhydrous $ doSodium sulfate, anhydrous $ do....Sodium tripolyphosphate

(100% NagPsOio) $ doTitanium dioxide (composite and

pure) t doSulfur, native (Frasch) and recovered:

Production thous met tonsStocks (producers') end of period do

Inorganic Fertilizer MaterialsProduction:

Ammonia, synthetic anhydrous $thous. sh. tons ..

Ammonium nitrate, original so-lution $ do

Ammonium sulfate $ doNitric acid (100% HNO3) $ doNitrogen solutions (100% N) $ doPhosphoric acid (100% P2Os) $ doSulfuric acid (100% H2SO4) $ . doSuperphosphate and other phosphatic

fertilizers (gross weight):Production ' thous sh tonsStocks, end of period $ :....do....

Potash, sales (K2O) doExports, total # do

Nitrogenous materials doPhosphate materials doPotash materials do

Imports:Ammonium nitrate doAmmonium sulfate doPotassium chloride doSodium nitrate do

Industrial Gases $Production:

Acetylene mil cu ftHydrogen (high and low purity) do....Nitrogen (high and low purity) do....Oxygen (high and low purity) do....

Organic Chemicals §Production:

Acetylsalicylic acid (aspirin) mil. lb..Creosote oil mil galEthyl acetate (85%) mil lbFormaldehyde (37 % HCHO) . doGlycerin, refined, all grades do....Methanol, synthetic mil galPhthalic anhydride mil lb

ALCOHOLEthyl alcohol and spirits:

Production mil. tax gal ..Stocks, end of period do....

Denatured alcohol:Production mil wine galConsumption (withdrawals) do

For fuel use * . doStocks, end of period do

1,1549,1762,460

3619,385

664864

651

657

1 8,6144,202

15,776

7,0911,7697,3902,7288,262

33,233

13,139892

5,18620,3372,645

11,9971,218

262319

7,154131

3,82888,884

483,886348,548

'23.4'36.3

'235.4'4,816.5

229.5'1,137.7

'684.4

601.195.0

284.9277.9

41.96.6

1,1449,9602,608

36610,230

732855

669

757

'8,1563,218

13,683

6,6181,9687,373

2 2,4039,950

36,583

15,774844

6,27122,832

1,98214,837

804

347285

7,87597

3,304103,859579,574347,394

'30.8'75.6

'206.0'5,398.0

265.4'997.5'851.3

677.578.6

r353.3356.2

56.06.5

117883235

308845870

62

62

6853,658

1,096

391161479192800

2,875

1,251812597

1,892134

1,12697

1529

7178

2977,758

49,98629,424

2.46.8

15.0437.3

20.277.963.5

56.942.7

27.632.56.78.4

10186224032

8897674

56

68

6903,560

1,137

461167584205832

3,065

1,329658691

2,113167

1,44493

3811

6293

2988,864

47,75530,781

1.96.6

15.6462.6

23.494.064.1

59.249.3

23.224.42.96.3

8686222834

8797771

59

67

7143,493

1,213

604184690226924

3,287

1,439582638

1,815157

1,20644

2817

8406

29210,52348,79530,657

3.26.9

15.1498.8

24.674.759.9

54.955.7

26.129.31.37.5

9185722534

8725273

60

63

7373,369

1,238

648175702237934

3,383

1,501641646

1,894178

, 1,18554

4614

710

31510,14948,34729,512

2.66.1

16.7453.1

24.180.158.9

53.170.9

27.223.9

1.410.3

10080320730

8135866

55

67

7613,218

1,245

597160649213952

3,564

1,463844457

1,651137

1,05178

2640

7424

3129,445

49,70328,009

2.27.7

16.3462.6

20.960.370.1

48.078.6

23.426.22.36.5

9884925731

8825966

53

60

7413,172

1,279

592163638217856

3,154

1,388867566

2,344186

1,43292

3460

70621

2979,786

51,11631,423

2.66.0

15.6422.1

26.286.673.3

49.373.5

29.529.77.2

11.3

9086624530

9058572

57

65

7293,141

1,326

597176683237856

3,200

1,455964510

1,55345

89979

5319

79024

3479,235

49,12132,128

2.77.2

16.3469.0

25.4119.1

70.1

45.957.0

34.229.03.8

18.2

9892225433

9478074

61

71

7853,139

1,443

631180,718266963

3,485

1,531985414

2,096150

1,39871

6641

955

4259,417

53,26735,087

2.87.3

14.6500.0

27.0104.5

77.5

54.182.0

31.832.94.2

15.6

84964277

291,010

5575

55

66

7763,115

1,439

618165680244914

3,398

1,422947538

2,017383

1,09154

5784

89712

3549,399

50,00233,071

2.96.8

14.7518.7

26.2103.5

66.7

58.282.7

28.230.99.0

15.1

10694722935

9806576

,58

65

7663,026

1,405

611182728417912

3,339

1,425845656

2,296157

1,27568

8725

7989

40511,259'52,21832,689

2.67.8

15.1506.1

20.6105.6

82.4

50.997.5

36.537.713.818.5

r91r941r240

35r981

r6580

54

74

7582,898

1,247

565169

r689r275876

r3,264

1,326r953365

2,306236

1,305161

2110

38115

3899,768

50,51731,920

2.8

14.9472.6

25.0118.2

79.6

49.785.3

34.937.411.211.5

9589223232

9315071

48

66

r777r2,782

1,169

562153660308869

3,250

1,428812

r2972,342

2391,115

85

1917

40913

3969,435

50,75831,886

2.86.2

16.1470.0r24.9105.1

60.4

7792,606

1,302

511164604277954

3,417

1,507820

P8412,425

1631,375

129

4836

96611

1.96.1

14.9460.4

25.994.577.6




below, data through 1982 and ,, ..methodological notes are as shown in units


Annual

1982 1983

1983


1984


CHEMICALS AND ALLIED PRODUCTS—Continued

PLASTICS AND RESIN MATERIALSProduction:

Phenolic resins mil IbPolyethylene and copolymers do....Polypropylene. .. doPolystyrene and copolymers doPolyvinyl chloride and copolymers do

MISCELLANEOUS PRODUCTSExplosives (industrial), shipments, quarterly

mil IbPaints, varnish, and lacquer, shipments: 0

Total shipments mil $Architectural coatings doProduct finishes (OEM) ... doSpecial purpose coatings do ....

1 1 397 71 12,548 0'351501 5 608 61 5 397 2

2 514 9

7 11263 1134259841,400.8

1 1 404 51 13 837 5M45231 5*542' 11 5 626 5

22293

8 553 338465300371,703.1

124 71 1367

353 143234548

831 239282720166.3

123 012081

409 9464 44875

5898

783 8344 42751164.3

132 81 257 1

407 849274838

718829272765149.5

118 01 1944

388 94959441 1

632423262584141.4

137 41 0886

366 244563549

6146

551 620492252121.6

123 21 1942

388 1473 94988

680 125772878134.7

128 51 194 1

413 449845768

734 229682862151.2

13271321 5

439 4530 26634

6688

831 2357 53181155.7

132 41 240 3

378 05228636 1

809 7351 92973160.5

123 913082

395 852705604

918642403169177.7

124 81 2242

4078509 15256

r9209r431 5r310 1179r3

109 31,217.3

36144749457 1

855438922955170.6

11831,164.1

501 648305546

ELECTRIC POWER AND GAS

ELECTRIC POWERProduction:

Electric utilities total mil kw -hrBy fuels.. .. ... . doBy waterpower do

Sales to ultimate customers, total (EdisonElectric Institute) $ mil. kw.-hr...

Commercial § doIndustrial § .. doRailways and railroads .. doResidential or domestic doStreet and highway lighting. ... doOther public authorities .. doInterdepartmental do ....

Revenue from sales to ultimate customers(Edison Electric Institute) $ mil $

GAS tTotal utility gas, quarterly

(American Gas Association):Customers, end of period, total thous..

Residential doCommercial doIndustrial doOther do

Sales to customers, total tril BtuResidential do .Commercial do ....Industrial do....Other do

Revenue from sales to custom-ers, total mil $Residential do ...Commercial doIndustrial . doOther do ....

2241 2111 931 998

309 213

1 2 097 0771 516 2611 769 323

42881 731 809

1 14 2141 55 745' 5,438

1 121 345

48,519446523636

18546

1428047702,4716,892

148

6339123,70111 66627389

635

2 310 2851 978 154

332 130

'2 1634191 533 0311 801 136

4 1521 751 443

13974544691 5,215

1 129 555

48,94045 0403670

18346

1267344952,3445,688

145

6409526 1451269124557

702

229 957204 13025828

195 604173 89221712

603 471153 091208 702

1092221 583

3335139551,713

38274

4791544 1543532

18346

2252384287

1,55922

1079926151 5686521' 94

182 931162 18420747

182 949158 27024678

212319180 62831 691

532 089131 159205 110

916175 847

3717139911,350

31770

48940450403670

18346

34281258

6481,481

40

170497 1983 4176236

198

216 450186 71029738

189 498161 59727901

199 359168 93530425

577 912136 370205 977

1012214 948

3689146481,269

34253

4961445 6153771

18246

4791220710541,474

56

248931243457406443

276

180 934150 98429948

191 945160 13131 814

209 425180 69028735

542,212137 458211 560

959171 620

3,28415,7451,586

33,200

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production mil bblTaxable withdrawals doStocks, end of period... do

Distilled spirits (total):Production ... mil tax galConsumption, apparent, for beverage

purposes . mil wine galStocks, end of period mil. tax gal ..Imports mil proof gal

Whisky:Production mil tax galStocks, end of period doImports mil proof gal

Wines and distilling materials:Effervescent wines:

Production mil. wine gal..Taxable withdrawals do ..Stocks, end of period do...,Imports . .. do

Still wines:Production do ....Taxable withdrawals doStocks, end of period do....Imports do

Distilling materials produced atwineries do ...

194 35176571322

138082 437 666046710603

9125533397660

31 0129 1813.00835

5504736278697.5211379

19036

195 02177 6913 26

rll9 402 431 1355147113 11

r!2 454803881 28

r37 13325116 1111 11

r429 36r365 91686.4711983

17494

18 2717 3514 98

6 24

33 8058702

8 51

37252463

6 11

347274

201469

26782812

46711949

1433

157114 8414 53

10 27

33 75590 45

7 35

47652300

4 77

433285

21 5884

172212988

595.40972

45 11

15 3013771430

1228

343458093

15 03

402511 58

11 26

379608

1900121

139573232

683.051097

4092

13 6213 1713 92

9 27

43 1356900

10 97

5 2649723

7 33

281356

1764148

35653407

666.1511 36

14.11

12 46119813 26

8 55

50 4555147

11 77

5 3848038

8 66

289456

16 11172

13 173013

686.4711 20

592

14 15124213 70

10 36

30 5457646

7 20

6 2150569

4 84

146125

1695136

6662590

619.0811 29

330

14 75126314 17

11 99

30 72577 43

9 46

8 8250706

6 84

29495

177080

60527 64

601.11793

228

17 7215 3215 24

13 31

342854892

7 58

9 9148001

4 65

226225

178281

84533 10

57431902

283

16 65148815 55

1332

32745610711 12

97250760

780

2351 64

1871102

40733 84

539.351080

246

18 5916671587

1176

575441189

830502 14

534

278429

17.76101

6683232

504.59949

4.83

184717.231567

681

578.07941

4 15503.20

669

411199

19.0286

4273334

468.91950

1.19

186416.901486

1003

6 69

105

1304

862

586

105

1007




below, data through 1982 and IT .fmethodological notes are as shown in


Annual

1982 1983

1983


1984


FOOD AND KINDRED PRODUCTS; TOBACCO-Continued

DAIRY PRODUCTSButter:

Production (factory) mil IbStocks, cold storage, end of period... do....Producer Price Index ** 1967 = 100 ..

Cheese:Production (factory), total mil Ib

American, whole milk doStocks, cold storage, end of period do....

American, whole milk. doImports doPrice, wholesale, cheddar, single daisies

(Chicago) $ per IbCondensed and evaporated milk:

Production case goods mil IbStocks, manufacturers', case goods, end of

period doExports do

Fluid milk:Production on farms doUtilization in manufactured dairy

products '. . doPrice, wholesale, U.S. average $ per 100 Ib ..

Dry milk:Production:

Dry whole milk mil IbNonfat dry milk (human food) do ...

Stocks, manufacturers', end of period:Dry whole milk doNonfat dry milk (human food) ... do

Exports, whole and nonfat(human food) do

Price, manufacturers' average selling, nonfatdry milk (human food) $ per Ib..

GRAIN AND GRAIN PRODUCTSExports (barley, corn, oats, rye,

wheat) mil buBarley:

Production (crop estimate) doStocks (domestic) end of period total do

On farms doOff farms do

Exports, including malt § doProducer Price Index, No. 2 feed,

Minneapolis * 1967 — 100Corn:

Production (crop estimate, grainonly) .... mil bu

Stocks (domestic), end of period total doOn farms doOff farms . do

Exports, including meal and flour do ....Producer Price Index, No. 2, Chi-

cago * 1967 = 100 ..Oats:

Production (crop estimate) mil buStocks (domestic), end of period,

total doOn farms doOff farms do

Exports, including oatmeal doProducer Price Index, No. 2, Minneapolis *

1967 = 100..Rice:

Production (crop estimate) mil. bags # ..California mills:

Receipts, domestic, rough mil. Ib..Shipments from mills, milled

rice... doStocks, rough and cleaned (cleaned basis),

end of period mil IbSouthern States mills (Ark., La., Tenn., Tex.):

Shipments from mills, milledrice do

Stocks, domestic, rough and cleaned (cleanedbasis), end of period .. mil Ib

Exports ' doProducer Price Index, medium grain,

milled ** 1967-100Rye:

Production (crop estimate) mil buStocks (domestic), end of period doProducer Price Index, No.2,

Minneapolis * 1967 — 100..Wheat:

Production (crop estimate), total mil buSpring wheat doWinter wheat do

Distribution Quarterly @ doStocks (domestic), end of period, total do...

On farms doOff farms do

Exports, total, including flour . . doWheat only do .

125704668226.9

4 541 727523

963588082693

1684

734 9

51919 3

135 802

7909813.60

10221,400 5

60933

1878

'.936

35248

25159414 128991242664

1626

28 235 18204759360226871,924.9

193.5

2 592 6

4533378 874558

272.0

2 153 6

2,912

1619

503

11 482

7-020

3 1705 516

1956

2 19 5102

293.2

2 2 7652 691

2 2 0742436

2,506.21 1505135561 527514936

1 29924994226.6

4 8184292761,204.610997

2862

1 682

694 2

46756

139 968

8250113.60

11121,499.9

64746

321 6

.938

34402

25083367024441226716

1809

24 166 1490743074 11,833 31,876.5

248.4

2 477 1

3789322556428

252.6

2997

2,730

1884

478

9 143

6289

27035 151

202.0

227 1958

210.7

2 2 4202 432

2 19882605

2,326.81 01541 31141 48831 407.6

8465818226.8

38132288

1,231.41 124 0

21 1

1 684

56 4

101 55

11 692

676213.30

93125.3

49858

229

.940

2203

60

1954

119.4

274.4

3

244.4

393

309

269

951

450

1 146488

2059

210.5

94787.5

8475523229.2

37302094

1,248.21 1409

243

1691

523

9415

11 262

637413.50

94102.1

4469.7

473

.936

2857

515534391716142

2230

53 11995151045 1 609 5

142.9

273.1

5052426 1791

1

278.6

7 300

2637211

2 332

535

2 162624

2059

(8)

233.7

*9812,955.2123591,7193

1276119.2

10055239228.5

39192226

1,234.81 131 1

258

1699

53 2

8207

11 430

632113.80

102102.7

4467.9

364

.937

2866

8 1

2251

155.0

268.4

5

286.4

451

99

405

1 340

489

2569460

2059

214.8

122.9114.8

9815067228.5

38822178

1,214.81 1106

275

1699

60 2

5609

11 000

612713.90

10599.4

4663.1

356

.937

3105

9 1

2293

196.4

277.6

1

284.2

183

83

442

732

516

2573378

205.9

223.4

104.9102.3

10964994221.0

415 42368

1,204.610997

414

1684

63 2

4677

11 395

6,43513.70

99111.1

6474.6

306

.919

3204

367024441226156

1996

490743074 118333

175.2

255.8

3789322 5

56 42

276.4

154

66

478

930

504

2703359

205.9

214.8

6292,326.8101541,311 4

129.3128.4

12605106218.8

3874231 1

1,202.21 0968

22 1

1689

48 8

47 ig

11 490

658313.60

104111.9

5766.0

29 1

.912

3009

78

2166

172.6

255.9

1

282.1

296

181

482

829

498

2776299

205.9

213.1

120.2118.3

11305325219.2

369 12214

1,219.81 1164

167

1689

44 g

5005

10905

641313.40

9.2105.0

5462.8

13 1

.910

2776

60

2166

158.4

246.7

1

250.1

87

86

413

488

548

2592220

205.9

210.5

1J3.1111.0

111 15293220.2

41292476

1,217.41 1173

192

1 689

51 2

5286

11741

6,97113.20

11.3109.2

5858.9

88

.911

3133

26841691993112

2234

32473192981,317.5

176.4

268.1

27012268433

3

267.9

243

151

461

522

562

2418462

205.9

214.8

5711,756.6

7712985.41253118.7

10625324220.2

41532503

1,182.41 081 5

242

1689

57 3

6077

11 674

6,94313.10

10.6113.8

5.267.0

129

.911

2816

6.0

2361

174.6

280.8

2

272.9

226

136

505

347

479

1,902432

205.9

223.4

100.894.3

105.9538.5221.3

43682697

1,208.01 1034

254

1 689

608

7864

12283

7,41313.00

10.0128.5

6.374.6

8

.910

286.5

r4 189 241168"72.4

4.1

2378

r3 2,142 63 1,210.6

r3 932.0163.0

274.3

4181.14 151 3

42981

280.7

186

179

378

233

488

1,626420

205.9

219.1

r4 1,398.44 591 6

r4 806.7119.2111.7

80.3516.7227.3

4197257.2

1,193.41,089.1

19.5

1688

554

8974

11832

6,92512.80

12.1119.8

8.674.5

50

.910

226.6

4.9

2293

111.0

276.9

.3

269.3

191

152

331

142

479

1,325431

205.9

212.6

6 363

110.5104.8

72.8489.6242.1

3877230.2

1,185.51,078.3

31.8

1700

54 1

9664

11570

6,49912.90

9.8111.7

8.872.9

5.8

.911

267.9

2.1

186.0

1 128.1

271.2

.2

271.5

144

116

293

108

440

984314

205.7

197.6

137.3133.3

70.6r462.7227.2

368.5206.6

1,147.61,045.1

27.1

1721

537

10225

11,243

6,22913.10

8.388.1

7.958.4

14.3

.913

287.1

5.2

169.9

135.3

254.0

(")

250.1

166

157

244

695

517

930384

202.8

185.2

146.7146.0

430.4241.3

1,112.91,016.8

1.759

10,827

"13.40

10 605.7583.5410.9172.5

175.8

'°7,497.85722.35 346.95 375.4

240.0

™472.5

474.2397.6

76.6

253.0

"141.2

201.0

'°30.2

180.4

10 2,570'°534

10 2,036

2,723.81,200.01,523.8




below, data through 1982 and IT ..methodological notes are as shown in


Annual

1982 1983

1983


1984


FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

GRAIN AND GRAIN PRODUCTS— ContinuedWheat— Continued

Producer Price Indexes: *Hard, winter Ord, No.l, Kans. City

1967 = 100..Spring, No. 1, D.N. Ord, Minneapolis

1967 = 100..Wheat flour:

Production:Flour $ thous sacks (100 Ib )Millfeed $ thous sh tons

Grindings of wheat $ thous buStocks held by mills, end of period

thous. sacks (100 Ib ) .Exports doProducer Price Index * 6/83=100 ..

POULTRY AND EGGSPoultry:

Slaughter mil IbStocks, cold storage (frozen), end of period,

total mil IbTurkeys do

Price, in Georgia producing area,live broilers $ per Ib

Eggs:Production on farms mil cases §Stocks, cold storage, end of period:

Shell thous cases §Frozen mil Ib

Price, wholesale, large (delivered; Chicago)$ per doz..

LIVESTOCKCattle and calves:

Slaughter (federally inspected):Calves thous animalsCattle do

Prices, wholesale:Beef steers (Omaha) . $ per 100 IbSteers, stocker and feeder

(Kansas City) doCalves, vealers (So. St. Paul) do

Hogs:Slaughter (federally inspected) thous. animals-Prices:

Wholesale, average, all weights (Sioux City)$per 100 Ib..

Hog-corn price ratio (bu. of corn equal invalue to 100 Ib. live hog)

Sheep and lambs:Slaughter (federally inspected).. .thous. animals ....Price, wholesale, lambs, average (Omaha) $

$per 100 Ib..MEATS

Total meats (excluding lard):Production mil IbStocks, cold storage, end of period do....Exports (meat and meat prepara-

tions) . . . d oImports (meat and meat prepara-

tions) doBeef and veal:

Production, total doStocks, cold storage, end of period do....Exports doImports doPrice, wholesale, beef, fresh, steer carcasses,

choice (600-700 Ibs.)(Central U.S.) $ per Ib

Lamb and mutton:Production, total mil IbStocks, cold storage, end of period do....

Pork (excluding lard):Production total doStocks, cold storage, end of period do...Exports doImports doPrices:

Producer Price Index, Hams, smoked1967 = 100.

Fresh loins, 8-14 Ib. average,wholesale ( N Y ) $ per Ib

MISCELLANEOUS FOOD PRODUCTSCocoa (cacao) beans:

Imports (including shells). . thous Ig tonsProducer price, Accra (New

York) . $ per IbCoffee:

Imports, total thous bags <^>From Brazil do

Producer price, Santos, No. 4(N.Y.) $ per Ib

Fish:Stocks, cold storage, end of period mil. Ib

240.8

221.5

297 2885537

667 841

427614 518

15 146

345204

250

1936

3425

.668

2 72933907

6422

62797770

79,328

55.21

224

6,273

53.03

37 266554

1 566

2015

22789302540

1 446

1013

3569

14 121219282498

306.3

1 277

1942

924

174163372

1 420

383

237.2

228.3

306 0665562

686 983

380534628

15 547

281162

270

189 2

1312

.727

2 79834816

6252

61 397297

84,762

47.73

166

6,412

54.74

38974679

1 449

2031

23 487334571

1 382

978

36811

15 120301251555

292.6

1 159

1810

1 082

164493418

1 400

425

227.9

220.7

28861536

65014

3 09599.6

1 435

532384

305

157

2519

.744

2623220

61 27

59587500

7,082

49.77

139

585

49.25

3 440543

99

181

2 157275

42128

950

339

1 2502141645

273.2

1 156

72

1 220

1 230310

1 430

417

238.5

236.4

27 423503

61869

35993 621100.0

1 357

578432

305

15 3

2516

.762

2583 156

59 19

55817338

7,268

46.05

133

595

48.50

3 435535

130

171

2 128277

58117

921

339

1 273210

1645

280.7

1 129

61

1 050

1 532344

1 430

421

231.5

238.4

26 125474

58366

3 46998.4

1 368

601460

280

15 8

4514

.779

2593099

5958

569766.75

7,829

41.64

128

580

51.75

3 523577

127

169

2 10328753

112

912

329

1 388240

2350

283.0

1 062

53

1 108

1 685307

1 430

417

228.8

235.8

24 923456

56246

1 12296.6

1 266

376252

325

15 5

1813

.884

2662899

5941

581267.50

8,152

38.81

118

510

56.00

3 472668

134

123

1 9743255971

916

2910

1 4682952344

284.7

954

77

1 150

1380240

1 430

415

229.2

232.7

24 464443

54997

3805395

96.1

1 172

281162

335

16 0

1312

.986

2622994

6285

61 006750

7,515

46.53

140

536

57.75

3 383679

119

104

2 0023344354

998

3011

1 350301

2343

303.9

1 070

82

1 270

1253265

1 430

425

229.8

230.2

24 766445

55 695

83096.4

1 208

277161

360

15 8

2811

1.123

2532951

6708

64396494

6,947

50.14

154

540

60.50

3 218693

112

180

1 95234950

118

1 057

318

1 2342951853

288.6

1 246

15 5

1 320

1598279

1 430

406

219.2

222.3

25 482465

57 537

88395.8

1 168

251146

365

14 8

1711

1.026

2362836

67 07

65977750

6,591

46.68

146

548

58.75

3 092708

104

167

1 894343

47108

1 029

328

1 165312

1652

283.0

1 152

21 3

1 340

1299149

1 430

368

229.1

231.9

25 931472

58388

37802 846

97.0

1 269

260149

365

161

3612

.883

2642954

6860

66307750

7,578

47.36

143

586

58.75

3 349738

134

171

1 97733667

107

1051

358

1 338351

1856

279.6

1 072

287

1 335

1 440267

1430

344

236.2

236.7

24076438

54011

280299.3

1 263

265142

340

157

3513

1.018

2262728

6786

64 157750

6,953

48.69

14.3

592

60.50

3079778

106

198

1 81233446

113

1035

349

1 233390

1975

286.9

1 112

169

1 283

1905313

1430

324

228.0

243.2

26630487

60 139

321398.8

1 442

302181

310

159

4113

.743

2333 169

6589

60827800

7,153

48.22

14.1

558

62.25

3409819

114

161

20983214981

996

319

1281438

1874

286.3

1 141

247

1 350

1615315

1430

323

230.4

243.2

r24 306r435

r54 611

3,7632457100.6

1 393

352226

315

15 3

4216

.681

2183062

6428

592875.47

6,392

50.04

14.5

500

61.75

3204776

103

128

20223113660

985

278

1 156405

1462

282.9

1 150

153

1 285

1059193

1430

342

219.9

240.3

22836416

51730

171699.7

rl 394

418278

346

159

2918

.690

2552,996

6579

62175812

5,800

54.25

15.8

511

61.50

3043714

128

209

1,97431059

123

1.013

288

1040345

1678

286.5

1 342

133

1 215

1722377

1430

r378

225.9

206.0

28596.8

1 500

r476r331

280

160

3117

.665

2923,260

6436

61.3452.50

6,627

52.57

16.2

561

62.76

3360628

119

198

2,155298

56120

.976

31

1 175r269

1369

294.8

1 246

108

1 170

1735510

1430

r385

235.6

198..9

96.9

525391

310

156

2316

.672

2452,903

6268

620152.50

6,439

47.86

15.5

528

63.58

3 111642

1,942325

.944

298;

1 139256

295.0

1 198

1 210

1 430

"400




below, data through 1982 and 1T .,methodological notes are as shown in units


Annual

1982 1983

1983

Aug. Sept. Oc, Nov. Dec.

1984


FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.

MISCELLANEOUS FOOD PRODUCTS— Cont.Sugar:

Exports, raw and refined sh tonsImports, raw and refined thous. sh. tons ..Producer Price Indexes: *

Raw (cane) . 1967 — 100Refined . . . 12/77 - 100

Tea, imports . thous IbTOBACCO

Leaf:Production (crop estimate) mil IbStocks, dealers' and manufacturers',

end of period doExports, incl. scrap and stems thous IbImports, incl. scrap and stems do

Manufactured:Consumption (withdrawals):

Cigarettes (small):Tax-exempt millionsTaxable '. . . do

Cigars (large), taxable doExports, cigarettes do ....

585122,616

2784161 0

182 613

1 1994

5367562 260295 740

82078614 017

305673,585

207 8712,915

3159172 1

170 451

1 1428

5357509 828316917

69680597 464

303060,698

45 455

193

321 4173 0

11 747

3604527 161

598054516

3094,608

55973339

321 4175 1

15 025

52092643021 462

629452532

2865,318

29866322

3149175 1

16 531

5170635975

574349628

2724,941

16 605oooOoo

314 1173 9

13 600

8791237916

\ 5 60353075

2715,190

31 825253

311 6173 8

15 631

53576030222646

537443212

2245,171

28 400269

309 4174 7

15 599

4198429786

524349948

2433,775

33 940358

315 6173 4

15 956

40 16543619

479044582

2264,366

30 094278

314 8174 6

20 235

51684332940005

574550788

2464,893

32915299

31531745

18031

3240027690

534147415

2175,081

37 144204

r3145175417546

2647626321

517250315

2673,557

19892174

31551744

12803

49872885722928

508057,741

2844,802

12019247

31571745

22287

14,83149,558

609144,541

2054,895

15985212

311 11743

12023

18,35136,888

3,885

31261728

5 1,738

LEATHER AND PRODUCTS

LEATHERExports:

Upper and lining leather thous. sq. ft..Price, producer:

Sole, bends, light index 1967-100LEATHER MANUFACTURES

Footwear:Production, total thous pairs

Shoes, sandals, and play shoes,except athletic thous pairs

Slippers . . doAthletic doOther footwear do

Exports doProducer Price Indexes:

Men's leather upper, dress and casual12/80-100..

Women's leather upper 1967 = 100..Women's plastic upper 12/80- 100 ..

159,804

4 342 380

4 260 8404 64 8924 16 648

4 3 7037717

105.2215.8

97.9

155,808

340 966

263 50861 0621639649706 158

107.0222.3100.7

13,099

30372

234655811l'o96

308591

107.8222.2102.0

12,715

29835

23 3755585

1 875397506

108.1224.8102.9

14,027

29051

2203959361076

408539

108.0224.6102.9

12,400

27736

2061760141 105

326454

107.4224.3102.9

9,412

24943

19 80038891 254

224394

107.4220.0100.5

13,624

26690

20 8844 6161 190

231361

108.2221.7102.3

13,015

28458

22 1855 2161 057

303344

108.5222.9102.8

17,787

29565

22 80053601405

367450

108.1224.1102.7

14,772

27 115

21 29447371084

320468

107.9218.0105.1

19,514

27956

21 80950701 077

295675

107.6r218.1105.1

14,294

r24 074

18 703r4614

r757r327461

107.7214.4105.1

12,907

20 195

16 6482948

599352486

108.2215.7102.0

14,046

581

108.9216.4102.0

109.1216.3101.5

LUMBER AND PRODUCTS

LUMBER— ALL TYPES #National Forest Products Association:

Production, total mil bd. ftHardwoods doSoftwoods .. do

Shipments, total doHardwoods doSoftwoods do

Stocks (gross), mill, end ofperiod, total doHardwoods doSoftwoods do

Exports, total sawmill products do....Imports, total sawmill products do....

SOFTWOODSDouglas fir:

Orders, new mil. bd. ft..Orders unfilled end of period doProduction doShipments doStocks (gross) mill end of period doExports, total sawmill products do

Sawed timber - doBoards, planks, scantlings etc do

Producer Price Index, Douglas fir, dressed t1967 = 100..

3 25 7953 4 77421 021

3 25 9603 4 93521 025

57451 7663979

9,421

5,976612

57435793

862471125345

266.2

3 31 4793 5 72125'758

331 3583 5 89625 462

58661 5914 275

12,293

7,864674

79347802

994569129439

363.8

2714504

2 2102 669

4982 171

58581 5344 324

1090

563564605635987

541441

381.4

2748497

2 2512737

4832 254

58701 5494 321

1057

744638696670

1 013357

28

345.3

2787502

2 2852795

4892 306

58621 5624*300

1 118

667623702682

1033481137

332.0

2504493

2 Oil2 404

4801 924

59641 5774 387

1092

550597603576

1 060465

40

318.7

2345416

1 9292445

4042 041

5 8661 5914 275

885

715674572638994

43g

34

324.7

2740454

2 2862 589

4522 137

6 0211 5974 424

941

768756735686

1 043381028

322.8

2678484

2 1942603

4792 124

60971 6034?494

1 135

655765691646

1 088449

35

351.7

3104487

2 6173022

4902 532

61781 5764 602

1,108

881820850826

1 112571344

369.7

2983461

25222875

4682 407

62871 5704717

1,098

656701793775

1 130602239

364.3

2828491

23372852

4912361

628315684'715

1,073

620627691694

1 127501237

335.8

2968538

24302993

5062487

6,2571 5994658

1,172

761632722756

1093521042

322.8

2,685497

2 1882756

4702286

6,18616264560

1,202

694658631668

1056491139

307.8

2,933563

23702,950

5292421

6,1761 6674,509

1,191

663594653727982

401030

309.2 312.5




below, data through 1982 and ,, ..methodological notes are as shown in unns


Annual

1982 1983

1983


1984


LUMBER AND PRODUCTS—Continued

SOFTWOODS— ContinuedSouthern pine:

Orders, new . mil bd ftOrders, unfilled, end of period do....Production . ... doShipments doStocks (gross), mill and concentration yards,

end of period mil bd ftExports, total sawmill products thous bd ftProducer Price Index, southern pine,

dressed t 1967 = 100 ..Western pine:

Orders, new mil bd ftOrders, unfilled, end of period doProduction .... doShipments doStocks (gross), mill, end of period do

Producer Price Index, other softwood,dressed t 1967-100

HARDWOOD FLOORINGOak:

Orders, unfilled, end of period mil. bd. ft..Shipments doStocks (gross), mill, end of period do....

'6014438

'6 1861 5 996

1 474245 221

285.9

6880324

668167751055

3560

4.875012.0

'6 821556

'66371 6 703

1 408217 660

319.9

8 350410

848882641 279

4034

8.69895.5

571487598586

1 46112 346

323.4

710409779714

1257

4293

6.8895.3

599503551583

1 42920 057

308.3

805443

783771

1269

388 5

6.0884.9

628506586625

1 39016 349

313.5

761445

758759

1268

3824

7.3904.8

502489536519

1 40720 326

316.2

610431662624

1306

3826

6.78 14.7

537556471470

1 40817 001

328.2

692410686713

1279

3942

8.6735.5

513522577547

1 4389 648

334.0

731466719675

1 323

3940

9.1863.9

577498610601

1 44717 975

337.8

634470650630

1343

4172

10.4943.7

677544661652

1 47914 273

336.1

804457866817

1 392

425 1

10.4953.7

570514626600

1 50518 136

334.5

756422863791

1 464

4168

9.0854.0

662542615634

148619 520

r320.4

740396759766

1457

393 1

9.2933.8

660589636613

1 50919 159

317.1

811373788834

1 411

3854

8.9895.0

612603605598

1 51612378

318.7

791407716757

1 370

3648

8.2753.7

614590657627

1 54611 898

317.9

764378781793

1358

368.8

7.0107

4.0

308.3

362.7

6.910.34.1

Orders, unfilled, end of period mil. bd. ft..Shipments doStocks (gross), mill, end of period do....

4.875.012.0

8.698.95.5

6.88.95.3

6.08.84.9

7.39.04.8

6.78.14.7

8.67.35.5

9.18.63.9

10.49.43.7

10.49.53.7

9.08.54.0

9.29.33.8

8.98.95.0

8.27.53.7

7.010.7

4.0

6.910.34.1

METALS AND MANUFACTURES

IRON AND STEELExports:

Steel mill products thous. sh. tons ..Scrap doPig iron .. . do

Imports:Steel mill products doScrap . . . . doPig iron ... do

Iron and Steel ScrapProduction thous sh tonsReceipts, net doConsumption doStocks, end of period doPrices, steel scrap, No. 1 heavy melting:

Composite $ per Ig. ton..Pittsburgh district do

OreIron ore (operations in all U.S. districts):

Mine production thous. Ig. tons..Shipments from mines doImports doU.S. and foreign ores and ore agglomerates:

Receipts at iron and steelplants do

Consumption at iron and steelplants do

Exports (domestic) doStocks, total, end of period do

At mines doAt furnace yards doAt U.S. docks do

Manganese (manganese content),general imports do

Pig Iron and Iron ProductsPig iron:

Production (including production offerroalloys) thous sh tons

Consumption doStocks end of period • doProducer Price Index basic 6/82 — 100

Castings, gray and ductile iron:Orders, unfilled, for sale, end of period

thous. sh. tons ..Shipments, total ~ do ....

For sale . doCastings, malleable iron:

Orders, unfilled, for sale, end of periodthous. sh. tons ..

Shipments, total .. doFor sale do

1,8426,804

54

'16,663474322

27,127'27,520'56,386

6,418

61.5166.71

'35,433'35,756' 14,501

49,872

55,2333,178

52,62112,12929,9235,750

477

'43,136' 44,409

580

5368,2154,641

14284119

1,1997,520

6

17,070641233

27,14932,557

r61,782r5,807

67.2476.92

'37,562'44,59613,246

57,197

61,220'3,78132,5673,209

25,4943,174

482

48,741'49,213

459100.1

6379,3095,448

1829392

100624

1,617425

2,3682,6205,0096,042

70.2179.50

4,0345,5421,448

6,209

5,272516

35,31210,09322,1873,032

28

4,2454,273

583100.3

630864533

23238

99720

1

1,5124418

2,4092,7005,1116,062

73.1383.50

3,1894,0021,035

5,462

5,171474

35,7169,308

23,4152,993

46

4,1594,256

558100.3

626841501

27269

110575

1

1,7554940

2,4672,9885,5455,837

72.6982.50

3,2074,7491,934

6,265

5,667218

34,7297,769

23,9223,038

56

4,3174,336

50498.1

590887521

25279

114671

1,8356214

2,4283,0085,3755,944

63.6485.00

2,7295,1311,374

6,244

5,2421

33,8315,369

25,0613,401

39

4,1194,128

48899.9

603812474

222710

84751

1,7305274

2,2472,8045,0865,838

78.5691.50

2,6114,0531,531

5,509

5,125682

32,5673,899

25,4943,174

35

4,0844,034

45999.9

637711400

18279

86r626

2,0825349

2,4423,1285,7095,647

84.6898.00

3,1451,142

600

1,159

5,517155

30,1185,944

21,0473,127

39

4,3104,367

447100.5

889494

3013

73663

2

2,1616055

2,4993,5925,9325,789

89.89103.00

4,3031,251

811

1,556

5,670113

28,3648,996

16,8572,511

63

4,4974,467

414100.5

905510

3113

8068322

2,2246145

2,8663,7306,4605,892

88.81100.50

4,8771,477

418

1,841

6,39146

26,28812,39612,238

1,654

33

5,0835,079

397100.2

926527

3312

73606

2,2165062

2,7343,4766,2565,861

87.34102.00

4,9463,6551,238

5,148

6,415169

26,22013,69710,949

1,574

64

5,0775,063

394100.5

918537

2811

90899

1

1,9984824

2,8593,4706,3935,757

86.68102.00

5,7336,2481,457

7,919

6,489701

27,39513,18712,3911,817

33

5,1665,182

397100.1

1,004588

3012

8695413

1,77640

121

r2,733r3,157r5,820r5,755

82.3095.00

5,513, 6,095

1,627

7,871

5,632470

29,17712,60814,610

1,959

68

4,565r4,604

419100.1

r931560

3215

9095711

2,6564167

2,4422,6245,370

r5,618

76.8286.50

5,1437,2652,525

9,071

5,501932

30,90010,47918,2182,203

46

4,3294,348

437101.0

811519

2813

94852

1

2,5154388

74.4682.50

1,545

7,950

5,222487

50

4,057

100.2

1,522

77.9687.50

3,473

100.3




below, data through 1982 and |T .fmethodological notes are as shown in


Annual

1982 1983

1983


1984


METALS AND MANUFACTURES—Continued

Steel, Raw and SemifinishedSteel (raw):

Production thous. sh. tons ..Rate of capability utilization percent-

Steel castings:Orders, unfilled, for sale, end of period

thous sh tonsShipments, total do

For sale, total doSteel Mill Products

Steel products, net shipments:Total (all grades) thous sh tonsBy product:

Semifinished products doStructural shapes (heavy),

steel piling doPlates .. doRails and accessories doBars and tool steel, total do ..

Bars: Hot rolled (includinglight shapes) . do

Bars: Reinforcing doBars: Cold finished do

Pipe and tubing doWire and wire products do ..Tin mill products doSheets and strip (including electrical),

total doSheets: Hot rolled do ..Sheets- Cold rolled do

By market (quarterly):Service centers and distributors doConstruction, incl. maintenance. doContractors' products doAutomotive doRail transportation doMachinery industrial eouip tools doContainers, packaging, ship,

materials „ doOther . .do ..

Steel mill shapes and forms, inventories, endof period — total for the specified sectors:

Producing mills, inventory,; end of period:Steel in process mil sh tonsFinished steel do

Service centers (warehouses), inventory, endof period mil sh tons

Consumers (manufacturers only):Inventory -end of period doReceipts during period doConsumption during period do

NONFERROUS METALS AND PRODUCTSAluminum:

Production, primary (dom. and foreign ores)thous. met. tons ..

Recovery from scrap f doImports (general):

Metal and alloys, crude doPlates, sheets, bars, etc do

Exports:Metal and alloys, crude doPlates, sheets, bars, etc do

Price, primary ingot, 99.5% minimum $ per IbAluminum products:

Shipments:Ingot and mill prod, (net ship.) .. mil Ib

Mill products, total doSheet and plate do

Castings . doInventories, total (ingot, mill products, and

scrap), end of period mil IbCopper:

Production:Mine, recoverable copper thous. met. tons..Refinery, primary... do

From domestic ores doFrom foreign ores do

Secondary, recoveredas refined . . do

Imports (general):Refined, unrefined,

scrap (copper cont ) doRefined do

Exports:Refined and scrap do

Refined doConsumption, refined

(by mills, etc.) thous sh tonsStocks, refined, end of period doPrice, electrolytic (wirebars), dom., delivered

$ per Ib

1 74,57748.4

1611017

916

61567

3408

34244 136

7829,440

M8573,5261,0135,0261,3324321

27,9149,052

11 132

1 12 97262602,290

'929510302582

4,471; 20,883

224

8 153

47

43534547

3,2741 1666

J6163'1764

'3640'1896

7600

120399 02753291306

6180

1 13961 1 227 110648'1622

5702

'5187'2598

381 1350

1790668

7431

83,37955.4

142727667

67584

38991 3 4483832

8831 11,666

'6285M 138

1,1973,2421,3844308

3479211,61913781

1 15 71362762597

12087918

2320

45321 23,011

23 4

7 157

57

49466459

3 3531773

71492097

360716667770

14 10310 6236 3451 500

4994

103811 182110037

1784

71474864

2772875

7926

7,02055.1

1456056

5789

307

26832082

1047

563381

99273115371

300510011 181

24 2

8058

54

50434 1

297142

657207

332132

7600

1285874504123

5 353

r798r83 87498 9

760496

356134

8054

7,13457.8

1436258

5893

378

32633886

1,016

571337104290119351

2989984

1 166

38781613

6283 004

240558

1 1365,671

24 0

7958

54

4 94 14 2

299143

566202

41 514 4

7898

1 256*884517128

5 236

87388 3746137

41 628 1

1374 i

7759

7,69260.2

1446765

6078

365

306362

741,146

623405114305,119325

3,0751,0511 192

245

8260

55

483839

320151

582277

274150

8100

1 196904524134

5273

903939796142

476307

280142

7239

7,26358.7

1426964

6014

358

33836683

1,018

569331113309109313

3,1201,0611 239

242

7662

56

483737

318151

636222

508143

8100

1204885518140

5 191

94496 080215 8

403300

10328

6958

6,99154.7

1426761

6269

374

320381

871,009

578320106303

99402

32941,0491366

43841 643

6603598

258638

1 1056,092

23 4

7 157

57

4 93534

340148

403223

241148

8100

1318943590132

4 994

89794 781812 9

393216

25411 2

7080

7,97069.6

7066

5980

349

343352108

1,010

585299121303116322

30771,0761 155

23 9

7 158

58

524 138

342135

709oq q

24 52028100

1 186928548155

5 176

91495 384 111 2

737561

39517 5

6879

8,14276.0

7167

6 150

402

335378120

1,027

620276125321115307

3,1471,1271217

248

7261

60

5 5444 1

324141

949413

2012158100

1366930551152

5 229

86399 489010 4

460318

35914 4

7075

9,05679.1

8478

7239

463

408421122

1,297

697445147366129345

3,6891,3161 394

48501,553

6633223

311728

1,0496,993

249

7360

62

543940

350145

1143497

1992188100

1 5091 083

665165

5 305

943107 095311 7

655510

30589

7531

8,99780.8

8578

5399

389

319402111

1,089

616337131354109334

3,3641,2081275

254

7660

64

543737

347139

68838 1

76159

8100

1 199935539146

5435

868106694412 3

729603

32568

7739

9,17479.8

8780

6948

434

372431113

1,202

655401140408110381

3,4971,2861294

26 1

7862

66

554140

365146

1088390

2341768100

1 366995587

157

5 579

937103 993310 6

523435

408147

7223

7,94571.4

8781

6,686

367

34741996

1,141

603401131407104370

3,4351,2701248

4,7601,746

6743371

293803

1,2167,240

255

776.0

66

523235

351134

73943.2

2402058100

1355958551150

5617

970106898386

579496

478cl 6

6985

7,46065.3

7166

5,820

350

32033098

1,034

45136411436798

349

2,8751,0731010

2 1,2802 5172 20399887

208

3792,148

349141

66.858.4

22118.4

.8100

870101993.089

736630

55.5140

6440

6,91560.5

6033

357

28234599

1,143

638378122392100380

2,9351,0501054

2 1,2502 5352 2281051

87246

4152,221

68.047.8

37.521.2

41 5336

17.123

6454

6,37857.7




methodoTogical notes are as shown in Units


NONFERROUS METALS ANDPRODUCTS— Continued

Copper-base mill and foundry products,shipments (quarterly total):

Brass mill products mil. lb..Copper wire mill products

(copper content) doBrass and bronze foundry products do .

Lead:Production:

Mine, recoverable lead thous met tonsRecovered from scrap (lead cont ) do

Imports (general), ore (lead content),metal do

Consumption total doStocks, end of period:

Producers', ore, base bullion, and in process(lead content), ABMS thous. met. tons..

Refiners' (primary), refined and antimonial(lead content) thous met tons

Consumers' (lead content) A doScrap (lead-base, purchased), all smelters

(gross weight) thous met tonsPrice, common grade, delivered $ per lb

Tin:Imports (for consumption):

Ore (tin content) metric tonsMetal unwrought unalloyed do

Recovery from scrap total (tin cont ) doAs metal .. do

Consumption, total doPrimary do

Exports, incl. reexports (metal) doStocks, pig (industrial), end of

period doPrice Straits quality (delivered) $ per lb

Zinc:Mine prod , recoverable zinc thous met tonsImports (general):

Ores (zinc content) .... doMetal (slab blocks) do

Consumption (recoverable zinc content):Ores doScrap, all types do

Slab zinc: @Production total $ thous met tonsConsumption, fabricators doExports doStocks, end of period:

Producers', at smelter (ABMS) do-Consumers' do

Price, Prime Western $ per lbMACHINERY AND EQUIPMENT

Heating, combustion, atmosphere equipment, neworders (domestic), netr qtrly # ... mil $

Electric processing heating equipment doFuel-fired processing heating equip do...,

Material handling equipment (industrial):Orders (new), index, seas adj 1967 — 100

Industrial supplies, machinery and equipment:New orders index seas adjusted 1977 — 100

Industrial suppliers distribution:Sales index, seas, adjusted 1977 — 100Inflation index, not seas. adj. (tools, material

handling equip., valves, fittings, abrasives,fasteners, metal products, etc.) 1977 = 100 .

Fluid power products shipments indexes:Hydraulic products, seas adj 1972 — 100Pneumatic products seas adj do

Machine tools:Metal cutting type tools:

Orders, new (net), total . mil $Domestic do

Shipments, total doDomestic do

Order backlog, end of period do...Metal forming type tools:

Orders, new (net), total do...Domestic ... do

Shipments, total . . . doDomestic do

Order backlog, end of period do

Ann

1982

2,014

2,393456

5124'5713

50 11 075 4

75.0

735972

3352554

193127939125441067

5345038700'9357

3,15265392

1 300 3

49.3'456 1

5312081

'3025'7095

3

342'7763847

'2969654

128.2

2492

946

1209

153.1

208202

1 064 4588960

2 894 752 598 60

1,043.0

'433.3037175

'70965599751506

ual

1983

2,116

2285422

'4490504 1

58 8' 1 148 5

74.5

582717

3282168

96934 048

' 12 372'1 18055800404003552

302065475

2737

'62.26134

5291902

2618'7753

4

239'8904139

'2745878

'77.3

2757

97 9

1139

155.0

201208

1 151 651 069 451 371 501 199 60

823.2

544.504887547355430452216

Aug.

METAI

43 1396

6 094 6

68.5

755625

2741946

27571 055

24246003400

375

409164838

239

71507

33169

232645

1

13671 54056

2493

104 1

1210

154.5

208207

9100826582857275869.8

46.254200301528901676

Sept.

,SANE

372434

2 1104 2

71.5

593662

2482169

453 3251 130

20047003400

226

360464510

229

1 1604

20167

227672

(2)

9674 94298

688205168

2719

105 0

1216

154.8

223235

10245986094 108550878.2

53.3549 55376033151834

1983

Oct.

MANl

370489

6 4102 3

69.1

563689

3032538

713 671

830181

48003500

298

307464683

238

27640

34174

24 1655

(2)

14573 2

4611

3556

106 6

1190

154.9

229231

1294511560102 0593 15905.6

73.104085433540852132

Nov.

IFACTI

382484

5 2953

66.7

51 9703

3232515

2072 147

892224

44003200

260

3,18064902

217

4.1666

60181

247701

(2)

16 171 84755

3592

109 1

1210

155.5

237248

1153510765107 259615913.6

44.904085404537 102176

Dec.

JRES-

348457

6 1107 c'

74.5

582111

3282446

1693 225

835227

48003 100

280

302063080

21 6

100592

57174

218637

(2)

16773 94874

745237238

3352

112 6

119 4

156.3

239244

912584 15

181 7515215823.2

60.00483056055435221 6

Jan.

Contin

41 8444

12 81127

77.9

627674

3502512

703 556

856157

46003400

278

296362374

232

14672

58172

232694

(2)

14480 3

4922

321 5

119 6

1277

156.5

245260

133201225072 556535883.8

55.905305404035552370

Feb.

ued

426486

5 194 1

82.9

69472 1

3702407

604 661

?968156

43003200

446

226862788

250

35714

53168

221702

1

158826

5061

2849

121 3

132 1

157.0

259263

1330512170103 059530913.8

69.856600442540402626

Mar.

r3735

r37253 121

462476

8 196 8

89.8

735727

3432503

74733441 127

18653004 100

141

284063665

269

25601

56181

216768

3

150829

5107

962286299

2565

113 2

1317

157.1

263248

14650131901225011235937.8

61.955675667560002578

Apr.

209485

66895

85.6

78 1744

31 12643

7553751043

16939003 100

375

2,64663650

21 8

2.2658

6123.0

258721

(2)

20.0722

5190

3377

116 1

1322

158.1

261253

1798013570101 509270

1,016.1

73.30659057255230273.9

1984

May

240466

3 1873

75.7

r805693

3092537

74539071065

19045003500

246

3,11963632

227

12751 0

r65236

247731

2

25.37515277

3589

1227

1349

158.4

271282

18845167.5015000142101,054.6

131.1012440600552.30345.0

June

3 732

3 655

1224467

80964

r65.9

80073 1

2892816

3543356

963182

44003500

303

2,79563825

199

6.1532

r70222

r273r71 1(2)

33.9r7055245

198828.243.4

3706

1191

133.1

159.0

264262

13095107.5515030138751,035.2

60.805360532043.45352.6

July

24

65.8

432 184

41003200

216

62989

192

8.0552

5521.7

245592

(2)

39.47174952

1203

134.1

159.4

r286r285

13585126.0513325127.501,037.8

177.551735560.5054.50469.6

Aug.

33

70.6

7043510

244

24.2326

236

(2)

40.3

4785

129.1

144.7

159.6

269294

r!35.00118.2511695111.051,055.8

r65.60r62.00r47.40r44.10r487.8

Sept.

86.9

23.0

44.4

1318.9

159.9

"222.20"194.90"151 35"138.70"1,12,6.7

"64.05"60.25"59.40"51.15"492.4




below, data through 1982 and ,, ..methodological notes are as shown in ljmis


Annual

1982 1983

1983


1984


METALS AND MANUFACTURES—Continued

MACHINERY ANDEQUIPMENT-Continued

Tractors used in construction, shipments, qtrly:Tracklaying, total units

mil $Wheel (contractors' off-highway) units

mil $Tractor shovel loaders (integral units only),

wheel and tracklaying types unitsmil $

Tractors, wheel, farm, nonfarm (ex. garden andconstruction types), ship qtrly units

mil $ELECTRICAL EQUIPMENT

Batteries (auto.-type replacement),shipments thous

Radio sets, production, total market thousTelevision sets (incl. combination models),

production, total market thous ..Household major appliances (electrical), factory

shipments (domestic and export) # thous..Air conditioners (room) do....Dishwashers doDisposers (food waste) do....Microwave ovens/ranges * do....Ranges doRefrigerators doFreezers doWashers doDryers (incl. gas) do

Vacuum cleaners (qtrly.) doGAS EQUIPMENT (RESIDENTIAL)

Furnaces, gravity and forced-air,shipments thous

Ranges, total, sales doWater heaters (storage), automatic,

sales do ....

7 159777 334302647

2340710094

70 1072 295 9

5421431782

16,405

26,6832,76121702,7804,07120354,3641340401927287536

1 1561368

3,041

7 247633 63 6362729

248231 1430

51 8901 816 2

56 10536454

19,680

r32,4382,0023093

r3,544r5,933r2754r54771 341461632947942

1 6621573

3,172

57542 5

304386 6

51003315

1,610

r3,069108340

r289r537269

r596134470317

146128

248

86373 8

1 101842

63003075

4 940181 0

637323218

2 2,303

r2,90958

291'300r576250

r565117438309

2214

176156

239

78471 4

5498213 2

65484441

2,050

3,04632

31136077126549485

412323

197136

280

79773 3

4651174 9

61054 249

1,731

2,82052

302393648254410

72377313

167134

253

80677 6

1 126940

75563834

4619177 1

629523510

2 1,925

2,53598

24526477221132177

292250

1848

173149

269

58850 2

5333168 2

64993423

1,679

3,273168308340738260494103479366

146132

319

77562 3

6450220 8

42732838

1,632

3,02326224235558723742695

427331

142133

315

66754 2665

49 1

r8794r3588

6908250 3

398423421

22,133

3,38750425836861526050989

420287

2277

127154

308

81560 6

6042236 4

33703549

1,668

3,170459258348612237484

90364250

116136

337

98578 4

6336232 2

37593468

1,659

3,661588296279719262574110436289

118134

277

1 124105 9

717631

89643940

r6087r217 1

4 17123588

22,108

3,83664828632872626564]126428274

137153

276

725629

36611289

3,9954855

1,372

3,243187291280662267652153417900

134121

277

5,380

1,761

3,14247

300331716252577133445308

170146

259

2 2,480

3,24940

302362888271520106435322

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production "j" thous sh tonsExports doProducer Price Index 1967 = 100 ..

Bituminous:Production "j" thous sh tonsConsumption, total t do

Electric power utilities doIndustrial, total do

Coke plants (oven and beehive) doResidential and commercial. . do

Stocks, end of period, total t •••• doElectric power utilities doIndustrial, total do

Oven-coke plants . . doExports doProducer Price Index 1967 = 100 ..

COKEProduction:

Beehive and oven (byproduct)... thous sh tonsPetroleum coke § do

Stocks, end of period:Oven-coke plants, total do

At furnace plants doAt merchant plants do

Petroleum coke doExports do

PETROLEUM AND PRODUCTSCrude petroleum:

Oil wells completed numberProducer Price Index 1967 = 100 ..Gross input to crude oil distillation

units | mil bblRefinery operating ratio t % of capacity

All oils, supply, demand, and stocks: $New supply, total Q mil bbl

Production:Crude petroleum doNatural gas plant liquids do

Imports:Crude and unfinished oils doRefined products do

Change in stocks all oils doProduct demand total do

Exports:Crude petroleum doRefined products v do

4588980

640.3

833 523703 561592 591104 372408596598

189 085175 053140324625

105 244530.4

2811529 908

81907858

33113441 109

40300733.4

4442670

56082

3 15675851

1,352 45140537

58804

8632112

4 113776

617.1

780 752733 850624 175102 586370057090

162 070149 091129794337

76870533.8

2580830 661

35183233

2861096

731

37 175681.4

4360772

56029

3 171 05882

131785259237

58292

5992099

402115

610.4

73 1107273663 6758 5803250

481168 620156 17712 4434 156

8 251533.2

2737

89132

2641675.1

383 174

5097

269 1497

1401508331

5004

53152

387117

610.4

704376308554 1278 3193 194

639167 240154 94812 2923 8317393534.6

67532 575

3 8753577

29896445

3733675.7

381 978

4973

263 5499

1360479258

4857

5315 2

416139

610.4

71 9566019850 59889293 304

671172 589160 06812 5214 0007978534.9

2 610

1 11049

2970675.7

371 173

4865

271 951 6

1153477222

4817

43135

41493

612.0

69 83361 15051 09993413332

710172 676159 927127494 igg5726539.1

2743

1 10147

3237675.6

366875

4701

263 1507

108.947 420

4854

56148

36166

612.3

61 8967023559 03010 2963458

909162 070149 09112 9794 3376 194540.7

70252671

3518o o^'286

1 096119

3470674.4

354 170

4655

260 3492

1100460559

5383

29169

2469

612.2

67 75171 69960 12610 6693 787

904155 511142 22313 2884 9395 053538.1

2713

1 12755

3253675.6

365 873

4845

268 4503

103862023 1

5363

4713 1

2685

612.0

73 7946281252 1829 8393588

791161 898148 30113 5975 5414243541.5

2 598

1 26523

3212675.6

356 076

4655

253 0488

937699339

4631

5411 4

2973

611.2

81 5956488854 46598593839

564166 282152 37813 90461425809543.1

76962797

3 1532848

3061 136

61

4092675.6

374775

4836

2703507

114.8478199

5224

73186

35855

610.4

71 152

47470

158 082

7633538.9

2728

1 13966

2821673.9

361 875

4699

260 6498

1144451208

484 1

5114 4

40035

611.1

79 404

49408

165 619

8185r544.4

2 809

98075

3 137r673.9

384877

5062

271351 6

1334500322

5147

68169

37040

610.8

76910

56821

166 408

7787540.2

2734

912110

3723673.7

371877

4710

2623496

111.447752

4964

67192

382121

610.8

74309

8197543.7

2652

98196

2629673.1

379 176

492.0

2718533

122.1448114

4985

q O

132

458186

610.8

89 172

8,048547.7

115

3,968672.3

610.J

546.(

672.(




below, data through 1982 and ,, .,methodological notes are as shown in unns


Annual

1982 1983

1983


1984


PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— ContinuedAll oils, supply, demand, and stocks $— Continued

Gasoline doKerosene doDistillate fuel oil doResidual fuel oil doJet fuel doLubricants.. doAsphalt doLiquefied gases do

Stocks end of period total doCrude petroleum do

Strategic petroleum reserve doUnfinished oils, natural gaso-

line etc doRefined products do

Refined petroleum products: $Gasoline (incl. aviation):

Production doStocks, end of period doPrices, regular grade (excl. aviation):

Producer Price Index 2/73 = 100 ..Retail, U.S. city average (BLS): *

Leaded. $ per galUnleaded do

Aviation gasoline:Production mil bblStocks end of period do

Kerosene:Production doStocks, end of period doProducer Price Index (light

distillate) 1967-100 ..Distillate fuel oil:

Production mil bblImports doStocks end of period doProducer Price Index (middle

distillate) 1967-100.,Residual fuel oil:

Production mil bblImports doStocks end of period doProducer Price Index 1967-100..

Jet fuel:Production mil bblStocks, end of period do

Lubricants:Production doStocks, end of period do

Asphalt:Production doStocks end of period do

Liquefied gases (incl. ethane and ethylene):Production total do

At gas processing plants(L P G ) do

At refineries (L R G ) doStocks (at plants and refineries) do...

5 58292396 1

470974962653696510

124 45473

142996436293 8

158 16283

232211968

612.5

1 2221296

8 923

420104

996.4

9513340

1786

1,012.7

39042831662

1,182.0

3570368

51 6125

119 4159

557 5

459 098594.0

5 559 424265

464981951863818534

2 136 25507

1 453 67229379 1

16155692

232331878

551.7

1 1571241

9 22 3

40079

906.1

8965635

1403

8898

310 9255248 5

1,058.9

3732386

538121

2 135 72 18 8

599 2

479 6119 6100.6

479 9216 0

2877343 433347

20 340 0

1 459 57005351 8

171 15879

20371874

571.2

12031285

1 12 5

2686

880.7

81 193

1424

8830

220229483

1,081 6

314400

47114

16 2190

49 2

38 510 6

117.1

465 22028

3 177340532350

178459

148537077361 0

17096068

19931918

566.3

1 1891274

1 025

3593

880.4

82278

1540

894.3

248212497

1 102.1

327414

47109

15 3169

51 1

40 210 9

118.0

463 82052

3480938531052

142455

1 50757162367 2

17176197

19271895

559.2

1 1721.255

g24

4310.4

889.3

83 181

1626

912.2

25019851 2

1,120.0

312432

49106

133163

52 3

41 7107

120.5

465 01988

4886240830344

10 5492

1 50967127371 3

16626306

19971984

548.2

1 1561 241

724

39102

885.5

80461

1612

901.8

254234542

1,125.5

324456

5211 5

9 9158

53 5

43 210 4

118.4

518 52129

7 110434923664043

63214536

7229379 1

161 55692

19611878

535.8

1 1461231

523

4 179

881.4

78268

1403

892.1

278201485

1,109.6

293386

45121

74188

51 0

41 892

100.6

518 51947

6510826143704 14 2

61814300

1 7329384 4

15995373

18771880

518.3

1 1311.216

524

5675

872.2

80184

1195

871.4

295329454

1,091.0

325356

43123

6421 1

49 9

40 09 9

93.2

446 3181 5

328244653235145

4951 463 9

7275387 2

15925773

184 11993

512.4

1.1251.209

926

4493

885.8

83 1133

1322

924.4

29132.1576

1,093.2

327390

46117

70236

49 0

38 910188.9

496 52023

3910095083415262

4901 444 0

72753918

16475518

19822055

517.9

1.1251.210

527

2.57.8

903.5

76936

1096

952.1

27.519.6476

1,114.0

34.240.6

49112

78252

522

40511888.6

464 52012

348794073455.486

41714648

74453969

17045500

19652100

520.5

1.1451.227

626

2.26.7

879.2

70466

978

874.9

25.219.1474

1,106.8

31.940.7

55110

100266

513

39811593.7

491 02142

1687637835.2

4.4132438

149707636404 5

17505584

2070213.0

r532.6

1.1541.236

823

257.6

r876.8

81678

982

r881.9

25.717.2463

1,131.2

33.840.9

4810.9

131266

530

408122

100.5

470 62139

2.978139.732.74.7

17841.8

1,502 2766.44137

1633572.5

199.6206.5

532.2

1.1471.229

1024

2.97.9

875.6

86480

112.9

894.4

25.220.3468

1,150.1

33.642.9

4.911.1

15023.9

514

39412.1

106.2

4820213.3

2.878.137.636.94.4

19.445.5

1,513.6772.14239

156.0585.5

201.8202.6

522.2

1.1291.212

925

2.68.0

873.4

84.86.1

124.5

892.6

24.618.549.2

1,159.4

36.843.6

5.311.7

16.521.4

54.2

41.712.6

110.5

505.5

1.1161.196

862.1

858.9

1,152.9

501.2

1.1201.203

852.2

837.0

1,119.4

PULP, PAPER, AND PAPER PRODUCTS

PULPWOOD tReceipts thous cords (128 cu ft )Consumption doInventories end of period do

WASTE PAPER tConsumption thous sh tonsInventories end of period do

WOODPULP tProduction:

Total thous sh tonsDissolving pulp do

Groundwood and thermo-mechanical do

Semi-chemical doInventories, end of period:

At pulp mills:Own use woodpulp doMarket pulp do

Market pulp at paper and boardmills do

Exports, all grades, total . . . doDissolving and special alpha ^ do....All other do

Dissolving and special alpha doAll other do

'78 5191 79 039

5426

1 13 5651 022

1 49 3341092

39 478

50643699

177437

429'3395

631'2763'3 894

162'3732

1 84 4751 85 442

5229

1 14 539920

1 52 5371 261

42 358

50673 851

170384

5041 3 674

6461 3 027'4 093

179'3914

7 4457 3955177

1205853

448399

3 624

432328

212468

49228960

229350

9341

7 2867 2035051

1202876

442291

3 586

427318

193420

46632830

298332

11321

7 6917 5345430

1337864

4685113

3 777

449347

186449

47631477

238431

15416

7 1727 2675266

1275864

4597117

3 704

443334

192484

49925261

191362

7355

6 69167415229

^ 1*7920

4 124106

3 297

419303

170384

52238472

312345

20325

7 0447 1855168

1292908

451398

3 601

463352

151394

56436052

208337

14323

7 43472955192

1276896

4539106

3 651

454328

142351

54631738

279420

11409

761976605,157

1384896

4858106

3 921

466365

154324

58837474

300341

19322

7 10073444,777

1,353886

r4715117

r3779

472r347

157341

61824953

196338

6331

742574394,782

1,397858

r4762109

r3 826

476r351

146329

594336

47290387

17370

74237,2644,682

1,294870

r4,696100

r3767

482r346

159319

596307

57249360

6354

7,1977,1924,621

1,219934

4,52599

3641

469316

153378

54227941

238357

15342

31843

275389

8381




below, data through 1982 and ., |tmethodological notes are as shown in unira


Annual

1982 1983

1983


1984


PULP, PAPER, AND PAPER PRODUCTS—Continued

PAPER AND PAPER PRODUCTS tPaper and board:

Production (API):Total thous. sh. ton:

Paper do.Paperboard do.

Producer price indexes:Paperboard 1967 = 100..Building paper and board do..

Selected types of paper (API):Groundwood paper, uncoated:

Orders, new.... thous. sh. tonsOrders, unfilled, end of period do ....Shipments do

Coated paper:Orders, new doOrders, unfilled, end of period doShipments do

Uncoated free sheet papers:Orders, new doShipments do

Unbleached kraft packaging and industrialconverting papers:

Shipments thous. sh. tons..Tissue paper, production do...

Newsprint:Canada:

Production thous. metric tons..Shipments from mills doStocks at mills, end of period ..do....

United States:Production doShipments from mills do....Stocks at mills, end of period do....Consumption by publishers <^ do....Stocks at and in transit to publishers, end

of period thous. metric tons..Imports thous. sh. tons-Price, rolls, contract, f.o.b. mill, freight

allowed or delivered Index, 1967 = 100.Paper products:

Shipping containers, corrugated and solidfiber shipments ..mil. sq. ft. surf. area.

159,45630,39029,065

254.9239.5

11,48192

11,471

; 4,941322

4,974

'7,827'8,184

13,688; 4,438

8,1098,054

256

4,5744,525

8610,107

8546,531

315.8

235,185

165,15432,97732,177

250.1250.0

11,581159

'1,531

15,896546

5,696

19,07719,095

13,80714,790

8,4868,439

303

4,6884,675

9910,579

7906,919

302^9

252,876

5,6752,9302,745

250.1252.1

163145129

556528536

782786

349419

726696388

419418117847

849584

305.8

'22,692

5,5012,7642,737

254.0252.8

131153132

451492485

720748

327

707738358

377378116

812543

310.4

22,317

5,8322,9352,897

255.5254.7

152164142

523496535

741794

339414

750764344

406407116

1,001

785634

309.6

23,476

5,6422,8632,778

259.4254.7

124153137

463447513

757773

329408

774766352

414412117985

750

633

309.6

21,043

5,1692,7062,463

260.9250.4

122156121

545551

735750

301390

673723303

37239099

954

790593

309.6

19,874

5,6802,8862,795

262.2251.9

143157135

496520508

739805

322407

757699361

417415103847

785663

309.6

22,070

5,6612,8512,810

271.8255.1

149185129

527540512

726789

322393

622646337

410412102

621

309.6

21,983

6,0793,0503,029

275.6258.6

141187140

552557531

820846

352421

666674329

434454

82946

778591

316.0

23,650

5,7762,888

277.1265.8

139194133

516568510

697786

331402

737701365

42243965

973

770

573

314.8

21,960

6,0112,9993,012

'277.8265.2

117173133

489508546

773833

412

811850327

436451

50992

811654

314.8

23,001

5,8422,8882,954

279.1265.1

125165131

542510524

'696795

316402

780872235

424419

55916

873

740

314.8

22,387

r5,572'2,780'2,792

279.1262.9

'135'173'134

'496'553'469

'692'750

328'405

825759

-301

4094l3

52'908

'955722

334.7

21,257

5,8662,8962,970

285.4258.4

135189118

529546528

692777

318432

775752325

42641761

9647713

330.7

23,759

288.2258.1

331.2

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:Consumption thous metric tonsStocks end of period doImports, incl. latex and guayule

Price, wholesale, smoked sheets(N.Y.) $ per lb..

Synthetic rubber:Production thous metric tonsConsumption do

Exports (Bu of Census) thous Ig tonsTIRES AND TUBES

Pneumatic casings, automotive:Production thousShipments total doOriginal equipment do

Exports doStocks end of period doExports (Bu of Census) do

Inner tubes, automotive:Exports (Bu of Census) do

660 619542

618 27

.453

1 828 951 757 30255 9428462

1 178 500201 23638 633158 688" 3 91539 9555971

1 924

676 2780 75

642 07

*.560

1 978 281 860 79283 8027501

186 923218 86549 364164 2655 23633 3404656

1 829

39 2290 69

31 90

.593

150 50174 52276 2421 08

1644020 1173 93115 686500

35 541360

147

50 2183 29

44 22

605

163 16174 39262 342201

1636021 246500315*717

52632 854

447

169

752974 83

67 83

.605

177 96184 53256 1220 14

1673420 5324 87015 153

50931 530

391

240

69 6775 87

71 06

.583

193 73162 14282 7223 75

15 13617 5274 62512458444

31 676485

126

49 579075

54 71

163 2915021283 792367

15 48316 0774 60810890

57933 340484

177

73 769519

87 84

.573

18329177 54284 0824 12

1674918 5094 75513 118636

35 450458

97

56 789568

57 82

.583

1730217536277 182222

17 498179715 10912 253609

37615427

137

83058768

7545

.580

1902618045276 952809

19 12221422572814 973

72138529

544

187

68248776

69 18

.568

1932216672294642913

16988208514 97015255

62638026

539

85

65 129142

7025

.518

191.43167.113050129.42

18,04321,121529015205626

37693625

119

423588.46

4145

.470

183.66170.973022628.02

18,55721,0845 10915420

55537,678500

103

739486.10

7381

.460

170.08150.283149329.58

18,07820,282455115067664

37,199453

120

56.23

.460

30.24

670

90

.460




below, data through 1982 and IT ..methodological notes are as shown in


Annual

1982 1983

1983


1984


STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENTShipments, finished cement thous. bbl..

CLAY CONSTRUCTION PRODUCTSShipments: $

Brick, unglazed (common and face)mil standard brick

Structural tile except facing thous sh tonsSewer pipe and fittings vitrified doFloor and wall tile and accessories, glazed

and unglazed mi sq ftProducer Price Index, Brick (common), f.o.b.

plant or N.Y. dock 1967 = 100 ..GLASS AND GLASS PRODUCTS

Flat glass, mfrs.' shipments thous $Glass containers: t

Production thous grossShipments, total do

Narrow-neck containers:Food doBeverage doBeer .do ....Liquor and wine do

Wide-mouth containers:Food and dairy products do

Narrow-neck and wide-mouth containers:Medicinal and toilet doChemical, household and in-

dustrial doStocks end of period do

GYPSUM AND PRODUCTSProduction:

Crude gypsum (exc byproduct) thous sh tonsCalcined do

Imports, crude gypsum doSales of gypsum products:

Uncalcined doCalcined:

Industrial plasters doBuilding plasters, total

(incl Keene's cement) @ doBoard products total mil sq ft

Lath doVeneer base doGypsum sheathing . doRegular gypsum board . . doType X gypsum board . doPredecorated wallboard do5/ie mobile home board do...

1 343 628

5 076 560 0

441 9

2950

312.5

892 059

309 376307 113

2765861020

107 86122265

63 372

22 322

261545634

1 10 538i\l 243

6718

M528

1 430

'26413093

39286264

84473486

119453

1 376 856

5 791 630 1

375 1

3336

337.8

968 652

292 494291 512

282706261797 10023628

60 108

18 001

178843469

12 94813*7108031

4064

M42

25716818

36368344

108074283

119861

41931

607 92 8

437

305

341.9

2751728818

3247665391642036

6 170

1 395

15345935

1 2181276

682

377

35

241 593

33731

1014414

1083

39537

583 43 6

40 0

273

341.9

251 886

24 13725264

302556487,5752075

5 527

1 282

13244 119

1 300l'262

872

432

35

231471

33331

933381

1080

39053

54573 3

38 6

292

344.0

2589123396

1 93547327,1652354

5642

1 443

12544675

1 2211278

995

471

40

221548

23130

981402

1090

32771

494 22 i

29 8

270

345.3

2144420565

1 67544296,2561 929

4 861

1 296

11945182

1 1611*213

741

339

40

201493

33229

970385

g65

22202

375 42 i

20 9

256

345.5

249 777

1660518476

1 39239165,7781 696

4 232

1 351

11143469

1 1171 161

561

383

36

191 542

43425

1 000408

1062

20356

332 31 0

23 3

246

345.8

21 12621 109

209239666,8871838

4943

1 240

14344855

10561 263

705

268

36

201494

23428

945407

1066

25638

410 31 9

22 2

267

345.6

23 17421396

222144846,4831789

4923

1 340

15646357

1 0641*212

703

266

40

201 524

3

3728

9703981275

29202

466 62 4

29 7

298

346.8

221 218

2514724388

257846397,7812213

5416

1596

16546714

1 2921 289

721

321

47

221693

43928

1 0704561283

34,346

r554 11 9

328r280

348.3

2465823371

199550337,9252008

4 954

1342

11447677

1235l'331

668

324

45

201 591

23130

9924261199

41,527

618722

355

31 1

'349.5

2489124620

2,3775,4318,6441 996

4837

1203

13246995

12201 276

598

433

38

211 528

43429

937420

1293

43,059

618127

402

287

351.9

235,270

2647026785

2,4356,7288,9132281

4982

1258

18847311

1 1831 119

571

524

44

211,434

32826

874419

1074

42,117

352.2

10641 1921,266

373

42

211,490

33224

9314191170

46,851

352.2 354.5

TEXTILE PRODUCTS

FABRICWoven fabric, finishing plants:

Production (finished fabricX mil linear ydCotton do

h l d t d fCotton do

Backlog of finishing orders doCotton doManmade fiber and silk fabrics do

COTTON AND MANUFACTURESCotton (excluding linters):

Production:Ginnings 0 thous. running bales .Crop estimate thous net weight bales §

Consumption thous running balesStocks in the United States, total, end of

period # thous running balesDomestic cotton total do

On farms and in transit . doPublic storage and compresses do. .,Consuming establishments do

r5 270r2750r2 519

r694r254r440

2 11 52611 9634938

14232142292433

11 101695

r9 525r4926r4 599

r720r252r468

7504rl 7215553

10686106851 1598924

602

r646r282r364r776r294r483r645r218r427

315

453

14 04714 046

7*0676268

711

r3937r3490r3448

r757r287r470r639r230r409

r763

3 560

13 1161311566635814

638

r801r434r367T111r292r485r633r225r408

3348

459

125151251447677 192

555

r778r430r349r789r284r505r603r223r380

6007

446

11 725117242*5068665

553

r3824r5465r3358

r720r252r468r575r219r356

7214

3 468

1068610*6851 1598924

602

552210342626256370539229311

469

9512951112227,643

646

605231374631260372557250306

448

834783461 2756,359

712

3 7603 2923 468625262363536243293

3 548

690369031 1664,997

740

599233366639264375519214305

423

56985697

9623,960

775

595231364

'} 639263376521216305

442

47024,701

9432,993

765

r3707r32633 444

627250377476192284

3 503

37753,774

7412,212

821

399151248618240378513190323

163

r354r2,8332,832

3001,757r708

636

416

14,79814,79712,8921,491

714

1,17913,272

3 491




below, data through 1982 and IT .methodological notes are as shown in v ns


Annual

1982 1983

1983


1984


TEXTILE PRODUCTS—Continued

COTTON AND MANUFACTURES— Cont.Cotton (excluding linters) — Continued

Exports thous running balesImports thous. net-weight bales §..Price(farm), American upland <} cents per Ib ..Price, Strict Low Middling, Grade 41, staple 34

(IVie"), average 10 markets cents per Ib..Spindle activity (cotton system spindles):

Active spindles, last workingday, total milConsuming 100 percent cotton do

Spindle hours operated, allfibers, total bil

Average per working day do....Consuming 100 percent cotton . . do

Cotton cloth:Cotton broadwoven goods over 12" in width:

Production (qtrly.) mil sq ydOrders, unfilled, end of period, compared

with average weekly productionno weeks' prod

Inventories, end of period, compared withavg weekly production no weeks' prod

Ratio of stocks to unfilled orders (at cottonmills), end of period .

Exports, raw cotton equiv. thous.net-weight 480 Ib bales

Imports, raw cotton equivalent doProducer Price Index, gray cotton

broadwovens * 12/75=100..MANMADE FIBERS AND MANUFACTURES

Fiber production, qtrly:Acetate filament yarn mil IbRayon staple, including tow doNoncellulosic, except textile glass:

Yarn and monofilaments doStaple, incl. tow do....

Textile glass fiber doFiber stocks, producers', end of period:

Acetate filament yarn \ mil IbRayon staple, including tow doNoncellulosic fiber, except textile glass:

Yarn and monofilaments doStaple incl tow do

Textile glass fiber doManmade fiber and silk broadwoven fabrics:

Production(qtrly ) total # mil sq ydFilament yarn (100%) fabrics # do

Chiefly rayon and/ or acetatefabrics do

Chiefly nylon fabrics doSpun yarn (100%) fabrics # do....

Rayon and/or acetate fab-rics, blends do

Polyester blends with cotton doAcetate filament and spun

yarn fabrics doProducer Price Index, gray synthetic

broadwovens * 12/75—100Manmade fiber textile trade:

Exports manmade fiber equivalent mil IbsYarn •'tops thread cloth do

Cloth woven doManufactured prods., apparel,

furnishings doImports manmade fiber equivalent do

Yarn, tops, thread, cloth doCloth, woven do

Manufactured products, apparel,furnishings do

Apparel total .. . doKnit apparel doWOOL AND MANUFACTURES

Wool consumption, mill (clean basis):Apparel class . . . . mil IbCarpet class do

Wool imports clean yield doDuty-free do

Wool prices, raw, shorn, clean basis, deliveredto U.S. mills:

Domestic— Graded territory, 64's, staple 2%"and up cents per Ib..

Australian, 64's, Type 62, duty-paid do....Wool broadwoven goods, exc. felts:

Production (qtrly.) mil sq ydFLOOR COVERINGS

Carpet, rugs, carpeting (woven, tufted, other),shipments quarterly mil sq yds

APPARELWomen's, misses', juniors' apparel cuttings:

Coats thous unitsDresses do

Skirts do

6 07939

57.6

3 60.5

14253

816.320302

3794

11 1

7 i

65

23926013

152.6

19523550

304033,402.5

8992

107259

279832481410

9 760 436696

34663975

5,067.6

94135654

8533

1437

438 55200 59132 57

23796807 101325893 34

674 51485 3119309

105998

61 4214

72.47299

121 1

8858

1 12 6171 166 747

1 12 1381 104 430

1 27 845

5 6498

63.9

63.1

13953

903.343337

4 192

118

47

40

1888793 1

152.1

22763748

356053,970.61 1660

125233

275134201252

11 460 744729

2961357 1

5,702.1

8694 417 4

10949

1470

460 71167 1910866

293521 069 49

18250123 21

886 995743924130

1267114781287

S2.122.66

1435

10901

12 709167 046

12 988102 83530 909

3832

67.0

72.9

14 152

78.37230

126

4 2

33

14 0666

151.7

147 4

36 2113 068 38

23 16108 25159811 53

92 2765732760

1001 15823

2.232.62

1612126581 140

100152712

3221

63.1

71.7

1425 3

88.3524 34

1032

124

38

31

154779

152.8

61 392 1

90331,032.8

3132

14 1213

270 430081027

2 801 41 074 5

72614225

21 11 094 8

2578

147 7

39 5014 399 41

251198 34156210 75

827254 392428

4 12 34145119

2.252.63

288

2859

1 558127251 09592362700

2611

64.0

72.0

1495 3

77.38430

126

38

30

160714

156.0

149 3

36 9714 729 31

2226106 84174111 03

89 4356 242422

1079

8533

2.252.71

1341125721 1498*8832913

4411

66.8

73.4

14 15 3

74.36929

127

4 2

33

153809

156.7

151 5

36 4413 44877

230085 8314699 55

71 1542751619

10 77

8 025

2.252.70

1 147119501 07281312527

632(6)67.3

73.0

1395 3

76.305430

1040

138

48

34

148774

156.7

53898.0

932 11,035.6

334.6

125233

275 134201252

3 142 912968

111 514974

23 11 155 6

2950

151 0

352412 497 76

227477 931336907

64 5834 181105

1184 88938

2.282.66

370

2962

56910118

9847,5022288

6631

62.7

70.6

1385 2

74.37128

132

46

35

142992

157.3

148 8

35 0812 747 93

2234100 3418911250

81 4351 311764

1068

11227

2.302.68

r43913 9421 192r8,018r2754

7191

65.7

71.4

1405 2

80.40029

142

4 5

32

123965

158.6

151 2

37 0513 19796

2386118 86182711 51

100 5963 142239

1218

9018

2.302.76

r50316 6621 344r8567r2858

896(6)70.5

74.9

1365 1

9 1.3644 32

1092

150

39

26

1361021

158.1

5521040

89771,011.5

3332

132253

298036321412

r3 054 91 227 7

136401406

1 480 9r266

1 136 5

r2868

1523

40 2115 86883

2435110 2119341253

90 8753 161863

1401 07827

2.302.79

r47.8

2725

r56816 6931 461r8712r2 990

723(6)68.1

75.6

1375 1

69.34625

147

4 0

28

134979

158.2

1524

38 5012 94826

2556110 50201114 54

90 4050851980

114107828

2.452.76

r60215 3591 256r7,365r2776

6071

73.6

79.4

13751

70.35025

131

4 2

32

14279 1

157.5

1535

42791570991

27.091143518.281265

9606561123.33

1211.0

1043.1

2.342.71

r97913 6981 309r9,007r2439

4222

69.5

75.0

13' 65 1

82.32830

1044

123

39

32

169989

159.5

3 068 01 264 0

141.5137.1

X472.4

28.41 1418

274.3

1533

465316551079

29.981224518.651345

10380597825.85

r4131r41.0

6.72.2

2.302.69

45.3

298.2

105711,26610878,0162264

3653

68.2

67.4

13651

r55'.276

2.0

1351017

158.8

)' !"!|

153 4

40631313908

27.50169 4725.441734

14403888938.38

83.6

964.5

2.302.55

1,05510,338

9486,8361,962

4522

r67.2

63.0

8.451

6.4.3222.4

159.1

' ;

,,

153.7

9.7.7

6.42.9

2.302.59

P61.0

61.2

159.0

;

151.8

2.302.47




below, data through 1982 and IT .,methodological notes are as shown in v


Annual

1982 1983

1983


1984


TEXTILE PRODUCTS—Continued

APPAREL— ContinuedMen's apparel cuttings:

Suits thous unitsCoats (separate) dress and sport doTrousers (separate) dress doSlacks (jean cut), casual ... doShirts dress and sport thous doz

Hosiery, shipments thous. doz. pairs..

4 11 7354 16 477

4 111 7494 172*299

4 92 423288,704

11 18119 113

112 699187 45340 861

308,079

8911 765

10324168653 412

26,144

9871 6389*450

182613 604

25,317

1 1411 685

10*00215*7733 472

25,829

1 1431 594

10 51718*2863 652

25,278

9131312761494473 266

24,905

1 1181 605

10 05312912

r3 69424,191

1 0791 739

12 11513791

r3 83125,847

1 1981 814

10 70214*178

r394028,867

r9931 860r9700

12*732r3 50524,649

1 0651*904

10 60215 242

r3 80325,748

95618619*308

18 1793 811

26,576

7521 4617396

153352899

31,426 24,637

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLESOrders, new (net), qtrly, total mil $

U.S. Government doPrime contract do ..

Sales (net), receipts, or billings,qtrly, total . . . doU.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, engines,

propulsion units and parts mil $Other related operations (conversions, modi-

fications) products services mil $Aircraft (complete);

Shipments t doAirframe weight "f* thous Ib

Exports commercial mil $MOTOR VEHICLES (NEW)

Passenger cars:factory sales (from U.S. plants),

total tt thous ..Domestic tt • do

Retail sales total not seas adj .. doDomestics § doImports § do....

Total, seas. adj. at annual rate mil ..Domestics § do....Imports § do

Retail inventories, end of period, domestics: §Not seasonally adjusted thous ..Seasonally adjusted do....

Inventory-retail sales ratio, domestics §Exports (BuCensus) total do

To Canada do

From Canada total . do

Imports, including domesticallysponsored ] do

Trucks and buses:Factory sales (from U.S. plants),

total @ do ,Domestic @ do

Retail sales, not seasonally adjusted: *Light-duty tt doMedium-duty tt doHeavy-duty tt do. .

Retail sales, seasonally adjusted:Light-duty tt doMedium-duty tt do .Heavy-duty tt • • do

Retail inventories, end of period:Not seasonally adjusted * doSeasonally adjusted do .

Exports (BuCensus) . . doImports (BuCensus), including separate

chassis and bodies . thousRegistrations (>, new vehicles, excluding buses

Truck trailers arid chassis, complete (excludes

Vans t - doTrailer bodies (detachable), sold

separately t doTrailer chassis (detachable), sold

separately t doRAILROAD EQUIPMENT

Freight cars (new), for domestic use; allrailroads and private car lines (excludesrebuilt cars and cars for export):

Shipments number

New orders doEquipment manufacturers . . . . do

Unfilled orders end of period doEquipment manufacturers do

Freight cars (revenue), class 1 railroads(AAR): tNumber owned, end of period thousCapacity (carrying), total, end of month

mil. tons .Average per car tons.

865875571584290

7548742239

1058106006746 44611 958

13 432

13330

r8 681 5r44 455

4775

5,0494696798057582,221

1,1261,127

2.337430334053 067 0

70257 754

2269

1,9061779

20638457

1383

53955455

124 43

73848

2 430

96 19064892

3988

2918

; 17 236J15 515'7071'63214 2954095

1 039

84.8781.68

978006634095602

8378749509

119823768985231611892

15 462

16348

r9 927 5r44 936

5569

6,73962019 17967932,386

1,3521,350

2.4551 16523993 691 0

83688 924

1 2 457

24142260

25207477

1410

58375914

13186

84689

2 977

121 71186444

2215

4531

'57721 5 570'5964'59623 2713271

1007

82.9682.37

r4738r2405

178

4924667415312109.06.723

1,0881,115

2.031873063263 5443773

r238

192181

185 148

12.0

192839

11 9

5091552811 34

6870

254

11 5138632

299

414

469469287287

3 7553752

1019

83.6882.09

168519095

16500

2058813 105

113 8336962650 50612552

13 450

15019

r782 5r3517

232

6275817055381669.06.921

1,1921,189

2.146274192271 6496735

207

226214

224 144

12.2

241 240

12 1

5328562010 11

61 17

249

12 8989683

271

300

460458416416

3 7563756

1018

83.6682.17

r442 31807

193

6786238616641979.97.227

1,2201,223

2.057225464342 3670757

190

241225

221 838

13.4

240 139

135

571457031267

8206

265

12 7759 521

171

578

736736642642

33683368

1015

83.4382.24

r834 9r3822

307

6365877825901919.67.125

1,3031,278

2.248 164564346 771 3701

176

233218

223530

11.6

248040

151

603159831029

7453

253

13 1829739

180

921

615615351351

3 1563 156

1011

83.2082.29

5 29 2615 21 4015 28,5945 23 2715 14 129

5 119 8235 76,8985 52 3165 11 892

5 15 462

5 16 348

1 227 3r4765

679

58154175255919210.68.026

1,3521,350

2.038 143618369 3984910

239

207192

244539

15.1

26884.4

162

5837591.41054

94.07

332

14 73611 168

629

961

745745805805

32713271

1007

82.9682.37

28621471

140

64760877858319510.78.126

1,4711,476

2.240713885396 1835747

195

246231

226737

12.13 256 6

34.63126

64953 629.41052

80.41

282

19 73115421

88

1638

415415

2736273655535553

1006

82.9682.43

58082814

378

68263284165518610.78.621

1,5321,523

2.153695064340 6943782

194

252235

256243

14.2

24555.3

154

6728664.31520

72.72

302

17 34112597

98

1398

528528

15231,52365486548

1001

82.6082.52

63132578

322

77270296475620810.07.8

/ 21

1,5721,603

2.570886857464 0

87.5835

199

283264

313747

17.1

258.34.5

14.8

686.4676.715.76

85.78

329

19 23713*668

47

2,062

894894

12131,21369286928

996

82.2282.56

56882872

310

66560189672117410.28.121

1,5351,557

2.3653963373658109.4

837

188

253235

289.44.8

18.8

278.95.0

16.4

684.6673.614.95

111.41

336

1778812,127

15

1,742

722722672672

5 1775 177

992

82.0082.64

r73553065

325

699639

1,04780324411.08.425

1,4601,448

2.163 1960024423101.3

886

199

288267

325.04.8

20.4

275.14.5

19.8

679.5667.015.59

105.66

348

2020213,473

47

2,614

755755

1,3011,30157235723

986

81.5482.73

89283621

469

676620958727230

6 10.868.262.6

1,4466 1,350

62.058.3157.213863102.9

928

224

278260

290.84.5

20.6

261.23.9

19.9

699.8667.013.06

92.36

363

19 98213,243

r75r2,592

177117712,9942,74472677,017

979

81.0682.83

739347 1535

246

51747489068420610.68.32.3

1,2981,266

1.841.7540.404337

67.0903

224

208194

275.97.0

19.9

297.35.5

18.9

636.7648.010.90

95.30

347

1925212,611

31

2,460

1,3271327

607607

68216,571

975

80.8482.90

137

51948681460421010.07.72.3

1,2681,346

2.131.7430.60365979.1852

218

261246

231.25.0

17.9

242.64.2

17.3

696.8755.39.37

78.75

330

1,3001300

785785

63066,056

972

80.6682.96

(2)

74456717810,37.92.4

1,2661,316

2.0

(2)

247.35.4

19.1

272.65.2

19.9

727.8766.1

967

80.2182.96



October 1984 SURVEY OF CURRENT BUSINESS S-33

FOOTNOTES FOR PAGES S-l THROUGH S-32General Notes for all Pages:

r Revised,p Preliminary,e Estimated,c Corrected.

Page S-l Page S-7t Revised series. See Tables 2.6-2.9 in the July 1984 SURVEY for revised estimates for

1981-84.$ Includes inventory valuation and capital consumption adjustments.§ Monthly estimates equal the centered three-month average of personal saving as a

percentage of the centered three-month moving average of disposable personal income.

Page S-21. Based on data not seasonally adjusted.# Includes data not shown separately.$ See note "$" for p. S-8.t See note "t" for p. S-8.tt See note "tt" for p. S-3.@ Revised series. For manufacturing see note "tt" for p. S-3. For retail see note "$" for

p. S-8. For wholesale see note "t" for p. S-8.§ Revised series. Data have revised back to 1981, effective with the August 1984 SUR-

VEY. Revisions are available upon request.

Page S-3# Includes data for items not shown separately.t See note "$" for p. S-8.t See note "t" for p. S-8.tt Effective May 1984 SURVEY, data have been revised for Jan. 1977-Dec. 1983. A

detailed description of this revision and data appear in the report "Manufacturers' Ship-ments, Inventories, and Orders" M3-1.13 (1977-1983), copies of this report can be pur-chased from the Superintendent of Documents, U.S. Government Printing Office, Washington,DC 20402. A computer tape of the report, including data back to 1958 can be purchasedfrom the Data User Services Division, Customer Services Branch, Bureau of the Census,Washington, DC 20233.

@ See note "@" for p. S-2.§ See note "§" for p. S-2.

Page S-41. Based on data not seasonally adjusted.# Includes data for items not shown separately.$ Includes textile mill products, leather and products, paper and allied products, and

printing and publishing industries; unfilled orders for other nondurable goods industriesare zero.

t See note "tt" for p. S-3.O For these industries (food and kindred products, tobacco, apparel and other textile

products, petroleum and coal, chemicals and allied products, and rubber and plastics prod-ucts) sales are considered equal to new orders.

Page S-51. Based on unadjusted data.2. The annual liabilities figure for 1982 is $15,610,792,000.@ Compiled by Dun & Bradstreet, Inc. Monthly data are now available through 1982,

and are available upon request.# Includes data for items not shown separately.§ Ratio of prices received to prices paid (parity index).$ See note "$" for p. S-4.t Effective with the Feb. 1984 SURVEY, data (back to 1981 for some commodities) have

been revised. Effective with July 1984 SURVEY, data for 1982-83 have been revised. Theserevisions are available upon request.

^ <$ Beginning with data for January 1983, the index is affected by a change in methodol-ogy used to compute the homeownership component. For additional information regardingthis change/see p. S-36 of the Feb. 1983 SURVEY.

# New series.tt See note "tt" for p. S-3.

Page S-6§ For actual producer prices or price indexes of individual commodities, see respective

commodities in the Industry section beginning p. S-l9. All indexes subject to revision fourmonths after original publication.

# Includes data for items not shown separately.# New series. This index (first shown in the Feb. 1984 SURVEY) reflects costs associated

with homeowners' consumption of shelter service. This new index combines the subindexesof owners' equivalent rent and household insurance. Indexes prior to Dec. 1982 are notavailable. For additional information, see p. S-36 of the Feb. 1983 SURVEY.

$ Effective with the Feb. 1984 SURVEY, data have been revised back to 1979 to reflectupdated seasonal factors and are available upon request.

t Effective with the Feb. 1984 SURVEY, data back to 1979 have been revised and areavailable upon request.

O See note "O" for p. S-5.

,1. Computed from cumulative valuation total.2. Index as of Oct. 1, 1984: building, 358.7; construction, 387.4.# Includes data for items not shown separately.§ Data for Sept., and Dec. 1983, and Mar., May and Aug. 1984 are for five weeks; other months

four weeks.t Data for seasonally adjusted housing starts have been revised from 1981-83, and are

available upon request.$ Data for seasonally adjusted building permits have been revised from Jan. 1982-Mar.

1984, and are available upon request.@ Unadjusted data for manufacturers' shipments of mobile homes for January 1982

through November 1983 and seasonally adjusted data for January 1981 through November1983 have been revised and are available upon request.

Page S-81. Advance Estimate.2. Direct endorsement cases are included beginning with June data.O Home mortgage rates (conventional first mortgages) are under money and interest

rates on p. S-l4.§ Data include guaranteed direct loans sold.# Includes data for items not shown separately.t Effective April 1984 SURVEY, wholesale trade data have been revised for Jan. 1978-Dec.

1983. A detailed description and the revised series appear in the report "Revised MonthlyWholesale Trade" BW-13-83s, available from the Bureau of the Census, Washington, DC20233; $2.50 per copy.

$ Effective April 1984 SURVEY, retail trade data have been revised for Jan. 1978-Dec.1983, Revised data and a summary of changes appear in the report "Revised Monthly RetailSales and Inventories" BR-13-83s, available from the Bureau of the Census, Washington,DC 20233; $2.75 per copy.

* New series. Annual data for earlier periods are available upon request. Monthly datafor earlier periods will be available later.

Page S-91. Advance estimate.# Includes data for items not shown separately.O Effective with the January 1984 SURVEY, the seasonally adjusted labor force series

have been revised back to January 1979. Revised monthly series appear in the February1984 issue of Employment and Earnings.

t The participation rate is the percent of the civilian noniristitutibrial population in thecivilian labor force. The employment-population ratio is civilian employment as a percentof the civilian noninstitutional population, 16 years and over.

$ See note "$" for p. S-8.* New series.(5) Data include resident armed forces.

Page S-10§ These unemployment rates are for civilian workers only. The unemployment rate for

all workers, including the resident armed forces, was 7.3 in Sept. 1984.O See note "O" for p. S-9.* New series.t Effective June 1984 SURVEY, data have been revised back to April 1982 (not season-

ally adjusted) and January 1979 (seasonally adjusted) based on the March 1983 bench-mark, an improved method for estimating the employment effect of new firms entering theeconomy, and revised seasonal factors. The June 1984 issue of "Employment and Earn-ings" contains a detailed discussion of the effects of the revisions.

Page S-ll$ This series is not seasonally adjusted because the seasonal component is small relative

to the trend-cycle and/or irregular components and consequently cannot be separated withsufficient precision.

O Production and nonsupervisory workers.New series.

t See note "t" for p. S-10.

Page S-121. This series is not seasonally adjusted because the seasonal component is small relative

to the trend-cycle and/or irregular components and consequently cannot be separated withsufficient precision. Use the corresponding unadjusted series.

O Production and nonsupervisory workers.$ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by

Consumer Price Index.§ Wages as of Oct. 1, 1984: Common, $15.81; Skilled, $20.84.* New series.(a) New series. The Employment Cost Index (ECI) is a quarterly measure of the average

change in the cost of employing labor. See p. S-36 of this issue of the SURVEY for a briefdescription of the ECI.

t Excludes farm, household, and Federal workers.tt See note "f'for p. S-10.



Page S-131. Average for Dec.2. Reported annual; monthly revisions are not available.3. Effective December 1, 1982, there was a break in the commercial paper series because

of changes in reporting panels, modifications to reporting instructions and corrections tomisreported bank data.,

$ Effective January 1984, series revised due to changes in the reporting panel and in theitem contents. The new panel includes 168 banks that had domestic office assets exceeding$1.4 billion as of December 31, 1982.

# Includes data for items not shown separately.it Reflects offsetting changes in classification of deposits of thrift institutions. Depos-

its of thrifts were formerly grouped with deposits of individuals, partnerships, and corpora-tions, instead of with deposits of commercial banks in the United States.

* "Transaction balances other than demand deposits" consists of ATS, NOW, superNOW, and telephone transfer accounts, which formerly were classified with savings depos-its. "Nontransaction balances" reflects the combination of deposits formerly reported sep-arately as time deposits and the savings deposits remaining after deduction of the items nowreported separately under "transaction balances."

§ Excludes loans and federal funds transactions with domestic commercial banks andincludes valuation reserves (individual loan items are shown gross; i.e., before deduction ofvaluation reserves).

O Securities of Federal agencies and corporations have been shifted out of "other secu-rities" and are now combined with U.S. Treasury securities. Also, loan obligations of Statesand political subdivisions have been shifted out of "other securities" and are now shownseparately among the loan items.

@ Insured unemployment (all programs) data include claims filed under extended durationprovisions of regular State laws; amounts paid under these programs are excluded fromstate benefits paid data.

@@ Insured unemployment as a percent of average covered employment in a 12-monthperiod.

Page S-141. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the

months.2. Average for the year.3. Daily average.t Effective April 1984 SURVEY, the consumer installment credit series have been revised

back to July 1980 to reflect more complete benchmark data for some of the components.# Includes data for items not shown separately.O Adjusted to exclude domestic commercial interbank loans and federal funds sold to

domestic commercial banks.$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equiva-

lent.$$ Courtesy of Metals Week.@@ Average effective rate* New series.

Page S-151. Beginning 1983, the reporting frequency has been changed from a monthly to a quar-

terly basis.2. This series has been discontinued.t Effective Feb. 1984 SURVEY, the money stock measures and components have been

revised back to 1959 and are available from the Banking Section of the Division of Researchand Statistics at the Federal Reserve Board, Washington, D.C. 20551

$ Composition of the money stock measures is as follows:Ml.—This measure is currency plus demand deposits at commercial banks and interest-earning checkable deposits at all depository institutions—namely NOW accounts, auto-matic transfer from savings (ATS) accounts, and credit union share draft balances—as wellas a small amount of demand deposits at thrift institutions that cannot, using present datasources, be separated from interest-earning checkable deposits.M2.—This measure adds to Ml overnight repurchase agreements (RP's) issued by com-mercial banks and certain overnight Eurodollars (those issued by Caribbean branches ofmember banks) held by U.S. nonbank residents, money market mutual fund shares, andsavings and small-denomination time deposits (those issued in denominations of less than$100,000) at all depository institutions. Depository institutions are commercial banks (includ-ing U.S. agencies and branches of foreign banks, Edge Act corporations, and foreign investmentcompanies), mutual savings banks, savings and loan associations, and credit unions.M3.—This measure equals M2 plus large-denomination time deposits (those issued in denomi-nations of $100,000 or more) at all depository institutions (including negotiable CD's) plusterm RP's issued by commercial banks and savings and loan associations.L.—This broad measure of liquid assets equals M3 plus other liquid assets consisting ofother Eurodollar holdings of U.S. nonbank residents, bankers acceptances, commercialpaper, savings bonds, and marketable liquid Treasury obligations.

$$ Includes ATS and NOW balances at all depository institutions, credit union sharedraft balances, and demand deposits at thrift institutions.

O Overnight (and continuing contract) RP's are those issued by commercial banks to thenonbank public, and overnight Eurodollars are those issued by Caribbean branches of memberbanks to U.S. nonbank customers.

* New series. For "Other checkable deposits," see also note "$$" for this page.@ Small time deposits are those issued in amounts of less than $100,000. Large time

deposits are those issued in amounts of $100,000 or more and are net of the holdings ofdomestic banks, thrift institutions, the U.S. Government, money market mutual funds, andforeign banks and official institutions.

# Includes data for items not shown separately.§ Number of issues represents number currently used; the change in number does not

affect the continuity of the series.@@ Annual data for 1978-82 and monthly data for 1982 have been revised to exclude

private placements. Monthly revisions for 1978-81 are not available.

Page S-161. The Aaa public utility average was suspended Jan. 17, 1984, because of a lack of

appropriate issues. The 1984 ranges for the average corporate and Aaa corporate do notinclude Aaa utilities after January 16.

§ Number of issues represents number currently used; the change in number does notaffect the continuity of the series.

$ For bonds due or callable in 10 years or more.# Includes data for items not shown separately.@ Data may not equal the sum of the geographic regions, or commodity groups and

principal commodities, because of revisions to the totals not reflected in the componentitems.

O As of Jan. 25, 1984, the base period was changed to 1982= 100.

Page S-171. Beginning with Jan. 1982 data, the Customs value is being substituted for the f.a.s.

value.# Includes data not shown separately.§ Data may not equal the sum of geographic regions, or commodity groups and principal

commodities, because of revisions to the totals not reflected in the components.

Page S-181. See note 1 for p. S-17.2. Annual total; quarterly or monthly revisions are not available.3. Before extraordinary and prior period items.4. For month shown.5. Domestic trunk operations only (averaging about 90 percent of domestic total).6. Restaurant sales index data represent hotels and motor hotels only.# Includes data for items not shown separately.§ Total revenues, expenses, and income for all groups of carriers also reflect nonsched-

uled service.$ Beginning Jan. 1977, Class I railroads are defined as those having operating revenues

of $50 million or more.O Average daily rent per room occupied, not scheduled rates.## Data represent entries to a national park for recreational use of the park, its services,

conveniences, and/or facilities.# New series.

Page S-191. Reported annual total; monthly revisions are not available.2. A portion of data is being suppressed because of not meeting publication standards.# Includes data for items not shown separately.§ Data are reported on the basis of 100 percent content of the specified material unless

otherwise indicated.$ Monthly data back to 1981 have been revised and are available upon request.# New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data back to 1980

are available upon request.

Page S-201. Reported annual total; monthly or quarterly revisions are not available.2. Annual total includes data for Hawaii; not distributed to the months.§ Data are not wholly comparable from year to year because of changes from one classi-

fication to another.t Revised quarterly data for 1981 and 1982 are available upon request.O Effective 1983, data are based on a new sample of approximately 150 establishments,

which was selected using the 1981 annual survey "Paints and Allied Products" panel as auniverse frame. Comparable data for 1979-82 are available upon request.

t Effective with the July 1984 SURVEY, data for 1980-82 (and 1975 for revenue fromsales to customers) have been revised and are available upon request.

Page S-211. Based on quotations for fewer than 12 months.2. Crop estimate for the year.3. Stocks as of June 1.4. Stocks as of June 1 and represents previous year's crop; new crop not reported until

June (beginning of new crop year).5. Previous year's crop; new crop not reported until Oct. (beginning of new crop year).6. See note "@" for this page.7. Figure is preliminary and subject to change.8. Quarterly estimates of rye stocks are no longer available; however, June 1 stock esti-

mates (representing previous year's crop) will continue to be published each year.9. Effective with 1983, figure represents June 1 stocks (based on previous year's crop);

whereas, 1982 and earlier annuals are for stocks ending Dec. 31 of the respective calendaryear.

10. Oct. 1 estimate of the 1984 crop.11. Less than 50,000 bushels.§ Excludes pearl barley.# Bags of 100 Ibs.@ Data are quarterly except for June (covering Apr. and May) and Sept. (covering

June-Sept.).# New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data for earlier

periods are available upon request.** New series, first shown in the Sept. 1984 SURVEY. Annual and monthly indexes for

earlier periods are available upon request.


October 1984 SURVEY OF CURRENT BUSINESS S-35

Page S-22§ Cases of 30 dozen.O Bags of 132.276 Ibs.$ Monthly revisions for 1982 are available upon request.* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes cover-

ing wheat for earlier periods are available upon request.

Page S-231. Crop estimate for the year.2. Average for seven months; price not available for July, Aug., and Oct.-Dec.3. Annual total; monthly revisions are not available.4. Effective December 1983 SURVEY, the footwear production series have been revised

back to January 1981.5. Oct. 1 estimate of the 1984 crop.# Totals include data for items not shown separately.* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes for

earlier periods are available upon request.t New series.

Page S-241. Annual data; monthly revisions not available.2. Less than 500 short tons.t New series.

Page S-251. Annual data; monthly revisions are not available.2. For month shown.t Beginning January 1982, data represent metallic (mostly aluminum) content. Data for

1981 and prior years represent aluminum content only.

Page S-261. Annual data; monthly revisions are not available.2. Less than 50 tons.3. Quarterly data were discontinued for 1983 and reinstated beginning first quarter 1984.O Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.@ All data (except annual production figures) reflect GSA remelted zinc and zinc pur-

chased for direct shipment.$ Source for monthly data: American Bureau of Metal Statistics. Source for annual

data: Bureau of Mines.# Includes data not shown separately.

Page S-271. Data withheld to avoid disclosing information for individual companies.2. Data are for five weeks; other months 4 weeks.# Includes data for items not shown separately.§ Includes nonmarketable catalyst coke. See also note "t" for this page.O Includes small amounts of "other hydrocarbons and alcohol new supply (field pro-

duction)," not shown separately.t Effective with the Nov. 1983 SURVEY, data for 1982 have been revised. Effective with

the June 1984 SURVEY, data for 1983 have been revised. These revisions are available uponrequest.

* New series. Includes U.S. produced and imported microwave ovens and combinationmicrowave oven/ranges.

$ Effective with the July 1984 SURVEY, data for 1983 have been revised and are avail-able upon request.

Page S-281. Reported annual totals; revisions not allocated to the months.2. Effective with Jan. 1983, data include road oil. Total road oil data for 1982 were

(thous. bbl.): 591, domestic demand; 610, production; 47, stocks.t New series. First shown in March 1984 SURVEY. Earlier data are available upon

request.* New series, first shown in the Feb. 1984 SURVEY. Prices back to 1974 are available

upon request.# Includes data for items not shown separately.$ Except for price data, see note "$" for p. S-27.

Page S-291. See note 1 for p. S-28.2. Average for 11 months; no price available for Dec. 1983.O Source: American Paper Institute. Total U.S. estimated consumption by all newspa-

per users.t See note "t" for p. S-28.

Page S-301. Reported annual total; revisions not allocated to the months.2. Crop for the year.3. Data.cover five weeks; other months, four weeks.# Includes data for items not shown separately.O Cumulative ginnings to the end of month indicated.§ Bales of 480 Ibs.$ Monthly revisions for 1982 are available upon request.t Monthly revisions for 1981-83 are available upon request.(a) Effective with the Mar. 1984 SURVEY, sales of regular basecoat and all other build-

ing plasters (including Keene's cement) have been combined to represent sales of totalbuilding plasters. For comparability, earlier published figures for these two series should becombined.

Page S-311. Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.2. Annual total includes revisions not distributed to the months.3. Average for crop year; Aug. 1-Jul. 31.4. For five weeks; other months four weeks.5. Average for 10 months; no data for Jan.-Feb.6. Less than 500 bales.7. Average for 9 months; no data for Oct.-Dec.O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price

reflects total quantity purchased and dollars paid for the entire month (revised price includesdiscounts and premiums).

# Includes data not shown separately.* New series.§ Bales of 480 Ibs..

Page S-321. Annual total includes revisions not distributed to the months.2. Production of new vehicles (thous. of units) for Sept. 1984: passenger cars, 541; trucks,

244.3. Effective with the Feb. 1984 SURVEY, data have been revised back to 1981 to reflect

updated seasonal factors and are available upon request.4. Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.5. Effective with the April 1984 SURVEY, data have been revised back to 4th Qtr. 1980

and are available upon request. Effective with the July 1984 SURVEY, the reporting ofquarterly data has been discontinued; however, the related annual summaries will continueto be available from the Bureau of the Census.

6. Effective with the July 1984 SURVEY, data for 1983 have been revised and are avail-able upon request.

7. See note "t" for this page.# Total includes backlog for nonrelated products and services and basic research.§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and

imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.Imports comprise all other cars.

O Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some statesare not available, month-to-month comparisons are not strictly valid.

t Excludes railroad-owned private refrigerator cars and private line cars.t Monthly revisions for aircraft shipments and airframe weight for 1982 and 1983 are

available upon request. Monthly revisions for truck trailers, etc. for 1981 and 1982 areavailable upon request.

@ Includes passenger vans.* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data back to

1967 are available upon request.tt Includes Volkswagens produced in the U.S.$$ Sizes (gross vehicle weight) are classified as follows: Light-duty, up to 14,000 Ibs.;

medium-duty, 14,001 - 26,000 Ibs.; and heavy-duty, 26,001 Ibs. and over.



THE EMPLOYMENT COST INDEX

The Employment Cost Index (ECI)—the most comprehensive measure avail-able of labor cost—is a quarterly measure of the average change in the total costof employing labor. It covers not only compensation paid directly to employees,but also employers' costs for employee benefits, such as paid leave, severancepay, health and life insurance, pension and saving plans, social security, unem-ployment insurance, and workers' compensation. The index covers almost allnonfarm establishments. Coverage of the private sector excludes the self-employed,owner-managers, private household workers, and unpaid family workers. Cov-erage of the public sector includes State and local government workers, butexcludes Federal Government workers.

The wage, salary, and benefit cost data from which the ECI is computed areobtained quarterly from a sample of about 2,800 establishments and a sample ofoccupations within those establishments. The data apply to the pay periodscontaining the 12th day of March, June, September, and December. Earnings ofsalaried employees, earnings of workers paid under incentive systems, andbenefit cost data are converted to an hourly basis. Weights for industries andoccupations, derived from employment data from the 1970 Census of Population,are held constant. Thus, the index measures the cost of buying the same laborinputs as in the base period. The computation of the index is based on thestandard formula for a fixed-weighted index. This index and its submeasuresare constructed consistently across industries and occupations and are, there-fore, mutually comparable. For a more detailed discussion of the ECI, seechapter 11, "The Employment Cost Index" of the BLS Handbook of Methods(Bulletin 2134-1).

Historial data for these indexes are available back to June 1981. In addition tothe indexes shown on page S-12 in the Survey of Current Business, submeasuresare available for regions (Northeast, South, North Central, and West); privateindustry and State and local government; union and nonunion bargaining sta-tus; and metropolitan and nonmetropolitan workforce. Some of these indexesare available back to December 1979.


SECTIONS

General:

Business indicators ,.............„*..»,Commodityprices '„,,.,**,>.„.„„».„,Construction and real estate......Domestic trade *.***...,..,.........«.....

1-55,67,88, 9

tabor force, employment, and earnings.....Finance ,,..,..,,...*,,*,....., ,.*,..v,,*,..,...«.»..».,.«Foreign trade of the United States............Transportation and communication...........

Industry:

Chemicals and allied products..................Electric power and gas ,.,,.»*,,*.,,,,,.,„ ,.,...Food and kindred products; tobacco .........Leather and products «»**«».,..«,..»..M,... ..«

Lumber and products................................Metals and manufacturers.........................Petroleum, coal, and products .,u,. .*,,*,».,.Pulp, paper, and paper products................

Rubber and rubber products ..„.,*„*„*„„„....Stone, clay, and glass products..................Textile products »»..,.»^.«»»».,.».w^,*,»*..,Transportation equipment ..•...*.....„»„*.„„*,,»;

Footnotes «,...i.,.«ff,w,«.«»»«»««.M..«»«»«**«**'

INDIVIDUAL SERIES

Advertising..... .,Aerospace vehiclesAgricultural loans ....................Air carrier operations .............vAir conditioners (room) „„.......,Aircraft and parts ....................Alcohol, denatured and ethyl...Alcoholic beverages...Aluminum ..................Apparel......................Asphalt*

16-1818,19

19/2Q20

20-2323

23,2424-2727, as28, 29

2930

304232

33-35

Automobiles, etc .,;,„.„....,.*

•': Banking ..............................Barley ..«,<.,*,,*...,.,...,.,....,..«,Battery shipments ..............Beef and veal ,.*»*,.**.,*,....;.,..Beverages .„«,.»««».».«»**.*,,Blast furnaces, steel mills ..Ponds, prices, sales, yields

\ Brick *....,i;,,>..,*,<4.,,.,...,..»...Building and construction materialsBuilding costs »^,*.»..;.».««»......«»,«*««Building permits,. ,...,....>;.,,*,**....,...,..Business incorporation (new), failures ,„.„.,Business sales and inventories „Butter . .............. . ..Mu™. ...

Cattle and calves.^,«».»«...«.Cement »*«.,...,..«..«««M.««>*»«»..».»««».««.M«*Chain-store sales, firms with 11 or more

stores (retail trade) ,.,.;,.,.....U,..,*,,.,,..,..I Cheese »*..***....«..««».«.»...«»«»«*,*„.»,» ..... ,,*.,

Chemicals ..„.....>„„*„......„..... 2-4, 10 12,Cigarettes and cigars »i». M...*;. «..».».Clay products «..»,...»,M^««».».».»«i«.^^»Clothing (see apparel)&^*~^^»»^»^mM^m^.^^WMW9i.^.Cocoa. ..... i,™^.™™^****,**^.^**,*.***^*Coffee ..*.«..»..»*,,,..,..,..,..,..,..,..,,.,,..«^^Coke w....,....*,.....,.....,,. ,.., ,.; . ,,.. .„„.Combustion, atmosphere, heating equip-

'Communication ,i..»,.».«».»0,M,;,w»...;«rt«vMConstruction:

Contracts *».„„„«„„„«„,„„.„„,„...„„„„«;„Costs ....... ,....*,».,,*... Êmployment, unemployment, hours,

; earnings ..«.»*,,«.»i.«,«.«.«.«t*,,,,, ..,.....i.»Housing starts .«;.«.««*,,„..,«„..«..».»».»*,*„New construction put in place ,„*.<„„„,....

Consumer credit «.„.«»«»„.„„..„..*„,....,«..,„Consumer goods output, index ..,,,.„.„.„„...Consumer Price Index ««,M,,..«.«,..«M.^»*,**Copper and copper products ....„„»„,„„......Corn .............................................................Cost of living (see Consumer Price Index),Cotton, raw and manufactures .*,*„..„*„„....Credit, commercial bank, consumer ,,.....,...Crops.

312230

,..,.;,.,, 9,,,,,**,, 2115, 17, 19, 20^»»^ 23»*«,,.. 2-4, 30

t^f^ 2,27^.,, 22

22.,..,.... 27

WIMtwJ,: 26. ^ 15, 19

, . , . w . « M . « .Currency iii circulation ,,«.4....»»;,.«.vDairy products ,,,.,,«..,«,..».««»...«.*..«,,Debt, U.S. Government «.«.,ui,i«.«.»;»i wDeflator, PCE . ......i.. ....' . .,... .. .Department stores, sales, inventories ,Deposits, bankw«.«.»«.«.«.«»..i«««M.«

„„.„. 7...„.* 7

„„„„ 14..„..„ 1, 2,»«.» 5, 6;,....., 2£, 26....... 21

.... 5,6.,.». 5, 30, 31*,*,,,,, 145, 21, 23, 30.«««* 3? 27,,,»,.», 15

..i>«..« 5* 21

.. »«. 14

.,.,,.,. • .'-" '! ;"1«»«« 9»«»«« 13, 15-'

Dishwashers and disposers .........,».,,...,„*,„..,..„*,.. 27Disposition of personal income ..„„..„...„„„.„„... 1Distilled spirits „*,.„.. _______ „.....,*„*„,„„„.,„...„„....* 20Dividend payments ...«.,...,*„...,..,.„..,.....,.,.„„..,.„. 1, 15Drugstores, sales „.„„„.„„..„„.....„..„„„„..*...„„„, 8, 9Earnings, weekly arid hourly .„*„*, _______ ............... 12Eating and drinking places .............„......»*,„........ 8, 9Eggs and poultry ,„..„*„„,.....„..»„„.„.„„„,.„«..,..„ 5, 22Electric power .«„.„..,..„„„. _____ .,...,.....,...**v........... 2, 20Electrical machinery and equipment,,,,..™,.*,.... 2*5,

10-12,15,27Employee-hours, aggregate, and indexes,.,........,, 11Employment and employment cost ...;,..*,.*,..„.„*.. 10-12ExplosivejS,..M,r...........,.«,.,,..;.,,........,.. ,«.w,. — ; 20Exports (see also individual commodities) „„...... 16-18

Failures, industrial and commercial ;,.Farm prices «,i,«.w..»......,,*>».,;l,»..,Fats and oils ......v,..,,..,,.,,,,..^......-,,,,..,,*,,..,.,.Federal government finance .„*„*...„.....„*..*,Federal Reserve banks, large commercial ...Federal Reserve member banks, ,.«.„.......,..»Fiertilizers ., .,«.,.i....,;M ,,.. ..«M— »..,..„...

5|>, 6

1714131319

Flooring, hardwood ......,,,.,,.,.,.....M..,,WM 24Flour, wheat ,..»........,,*,.«»..«.«....,.,,i.»,;;......i......,,, 22Food^rodiicts *„„........„.„„ 2-6, 8, 10-12, 15, 17, 20-23Foreign trade (see also individual commod.) ...... 16-18Freight cars (equipment) .,,..,..,;. ..,..;,.,,.,,.,,,...., 32Fruits and vegetables .,.....„„.. „..,.. „*».«...„.„*..„.„. 5Fuel oil ...v,....,,.....,,,.,,.,,*,,.......,...,;.,,,.,*..;, ,. ...,.*, 6, 28Fuels ^^îowwrtw'^rtrw'î^Jrf^Mi^^û^/i'^ il, 27, 28Furnaces ...»»..*..«i,«..;...«..U;.; ,.,*. .i.i....«..,.,.i. * 27

....,,.....M..... ,.,, .,,.t,.:.« ,.,w,._. 2, 6, 8-12

(Jas, output, prices; sales, revenues „,Gasoline ,«».., ,. .,..«...»..,M,, «..i(Glass and products ................. .......i.,Glycerin ...i...*.. ...,,.*..;..,..,... ,. .

Grains and products,..,Grocery stores .„„„»„..,Gypsum and products .

Hardware stores .«,«»....M,,,,.,,V«...Heating equipment ..,,».,,w.,.«.«,,.,Help-wanted advertising index »..Hides and skins ,.,,.»..».»..,.,*,*...,,.' ' ',Home loan banks, outstanding advances; ...........Home mortgages **,,*«.».,,,,.^«.^.,,,rt,,,,,,.,,...,..,.,»*.,Hotels, motor hotels and ecdnoniy hotels *„„„...Hours, average weekly .,..,..,..,.i.i.,.*.,..,.«......,....*,Housefurnishings *....„„„..„.....,.„„.,„.,..„.,.„. 2, 4, 6, 8, 9Household appliances, radios, and television sets 27Housing starts and permits i,... ..., .,....,.. _____ ;„ 7

r:***....... 30.**,*.•*' 19..;,.,. 14,.,.5,21,22: ' 9' -•",.1 30

826126

2288

1811

Imports (see also individual commodities) ,,.,.; 17,18Income, personal ,,.....».,,,,,,,,,,,..;..i».w..>,*.,;....,..,... 1Income and employment tax receipts ..,..,..„....„„ 14Industrial production indexes:

By industi ,..,,.....,.,.,,,,,., ,. ,. .,*.,..,,.., ..., , 1,2By market grouping ,,»..«.,;X,*«,,...,...«.«.,.*..;,... 1,2

Installment credit ,»«»..;*,««.,,,,,,.,...,».,,M.*. .;..,..,.. 14Instruments and related products *„.„,....„...„ 2-4,10-12Interest and money rates .>.«,...,v.,».......;....«..,.., 14Inventories, manufacturers' and trade »...*...„...... 3,4, 9Inventory-sales rates *,.„...........,.,»„„„.....,......,„„. 3Iroii and steel .....,,*...„*„..„......„„.....,..,....... 2,15, 24, 25

Labor force ,..,...«,.....,.,.......;,»....;.Lamb and mutton ...,.,„.„.„...«.;.„„.Lead ..,.„......„„..„. .„.„...„„.„,....,Leather and products „..„,.......,!,.>„Livestock .........

,..».....,...».„ 9,10.„..,...,.,„„ 22„.„»,„.....„. 26Aii 2,6,10^12, 23

5,22Loans, real estate, agricultural, >ank (see also

Consumer credit) ,„„,... .<...„,..,.,...,......,„„„ 8,13Lubricants .,.„...„....„....„...,...........„„.,„„„ ...... 28Lumber and products .„.„.„...*.,»„..„,. & 6,10^12, 23, 24

Machine tools ,,.....,..,.......,,,,.,«............,,..,,...i....... 26Machinery ............. . 2-6,10-12,15,17, 26,27Manufacturers' sales (or shipments), inventories,

orders .».,..„...,.......„„.....,,..,,.„,„.,..„.„.«..;»...»..„ 3-5Manufacturing employment, unemployment,

production workers, hours, earnings ....„..„,„„ 10-12Manufacturing production indexes ,,,.,,..,....i 1,2Meat animals arid meats »........„„„*.............„„„.„ 5,22Medical care,,,.,........,..,,.......,,..,..,.,...;...,.............. 6Metals......,.........,.*.,..............,, 2-6,10-12,15,24-26Milk ....,....*;.,....,..w....>...,,.,...,..»...,.... *...........,.L., 21Mining ............i...*.w...,........... ..,.:.....,,....M...l.. 2,10-12Mobile homes, shipments, installment credit...... 7, 14Monetary statistics .,.,,,......,,,..,,i.,*,,*.,..,....,,,*,,.,... 15Money and interest rates,;,,.,...,..,........,,*,............ 14Money supply ,,,,ri,»*,,..,,,,.,,«,...i,,.,,,»,,,.,..,,;...,,M,,«. 15Mortgage applications, loans, rates ,„*.*.,,.,„„.., 8,13,14IVtotor carriers „...,„...„..........—„...,....,...,......,.*, 18Motor vehicles „.„..,.„.„«„„........ 2-4/6, 8, 9,15,17, 32

National parks, visits „........„,*,*,,*,*„,...„....,*„»*.*,. 18Newsprint „..,.„.., ..,.;.....»M*,.,.««...».*,.,;,*,..,...*1,.,. 129:New York Stock Exchange, selected data .,,,.i..,. 16Nonferrous metals—*„>...„„„.....,.,,*„- 2, 4^5,15,215; 26OatS ......... .......... ...... ...............w,....,..;...;..,*;.., 21

Orders, neve and unfilled, mariiifac|ttrer .«»»***., $ 5Outlays, U.S, Govei inerit*,*,,....;,.,.....* ,,* ...,... 14

Paint and paint materials .;.,,,.....,«.„*.„„„........,., 20Paper arid products and pulp „*„.„,„..,*«...„„*„*„* 2-4,

6,10-12,15,28,29Parity ratio ,,,,,....».,,;»,*.,..,...,,,,,...,A,,..,, (;^*,i,.. .,,. 5Passenger cars..*,,........,..,.......,.**, 2r4,6, 8, 9*15,17,32Passports issued ,»,,...,«...,,.,,..,.,,*,M....,...,*,;*,,,,,....i 18Personal consumption expenditures ...,,..«,>„,*,,*,* 1Personal income ..,..,.*...,,..,*,,.,.......,.. ,i..M,,*,...».,.. 1Personal outlays ..,*»,,..,.,.......tM.,,.»4.,»«,.,».««.,,J,»,, 1Petroleum and products....,.,».....w.Z.,«».*.*.««.«.... 2-4,

10-12,15,17*27,28Pig Iron .«,..,.,»........,..*«,,.,.,;...,.,,..>..«..,.,,*...,. ,..... ; 24Plastics and resin n>aterials«.......i.?**,,*,,,,:;,**.,.i.,. 20Population ,Vi,..,*.,.,.,,,,,,Ji....*,..*,*.,,,,,,,,..»...,;......,»v 9Pork w-^^V*,^^^^^^^^^,™;''' ''"- 2& '•Ponttry and eggs ....,.w..,...,*,,*..,.,.....,.,,...>..,,U,..L 5,22Price deflator, implicit (PCE) .....*.,.,M,,,.... ,MM.; 1Prices (see also individual commodities)^......„„„ 15,6Printing arid publishing ......*.«w,**....w......».,. ,. 2,1M2Private sector employment, hours, earn-=

ings ....,.,..«.,v..«..J;».*...i,..,.;.v ,...,*,.,v.,...;...«,«...»..,, 10*12Producer Price Indexes (see also individual com-

modities).................

Public utilitiesPulp and pulpwoodPurchasing, power of the dollar .,

Radio arid televisionRailroads ,......»*„*...„Ranges arid microwave ovens ..„Real estate,,,Receipts, U.S. Government.,Refrigerators and freezers ...Registrations (new vehicles) ,„Rent (housing).,Retail trade ,„,„Rice,.,.,».«.,«..»,Rubber and products (incl. plastics)

Saving, personal ...u., -...,_„,Savings and loan associationsSavings deposits ...Securities issued...Security markets...Servicesr **.>*....,...„..Sheep and lambs,..,

; Shoes arid other footwear ,.,......i..Silver ,,..;,....*...,...*.,M....,.,... ...»..,*,,....Spindle activity, cotton ,.„.„.„.,;...«.,;,Steel and steel manufactures ,,*,,..,b<.Stock market customer financing......Stock prices, yields, sales, etc ...i...Stone, c%y, glass products ..w,..,,.,.*,,

.; Sugar *...,!.,*,.-*,,,.,,.,...,..;..v*,,*w*.*«..,»«».«»*;Sulru;r.........»,,..«,;,,;.....v,.,'.. ,*;..,v.i....Sulfuricacid ............ .«,,.,. ,..w,.«.....Superphosphate ..,,*,.*.,..»..,....,,..i,.,,*(i,i,Synthetic^ textile products- ' ^

,*„*„;„. ' : . - : , O t - -„..;.,.„,, -8^14^,.,.*.>..^;i3,15,:,...,.,.,,':vi:-:i$r•*i&» i%&*.„.,.. 6,10-12,.,v*;,,*.,. - ; ' • ' " 22,-

,.*w*,w...«.-...:V:vr,23;;^^^-o.iil-,*,•„,,«,..».«>», " -'"''31-;

i;ZHI.«. 24,J25;:

„»,.*,,,.,-...»..,.':';:-''. 15--^"^"S/;^;'l6 -2-4, 12^14 ''30''

lIZ.*"]!-;:-; ,;,î^^,Ui"->^:.'i$^..*»,, ,«».,..> - v';'!c!9:Cisi.*i«*,;*,*, <\ V ; ':31 -

Tea imports ..,,*,.,....,..,.,,.,;i..,...>..,,..*.,Telephone and telegraph carriers . .,;*.*,Textiles and products ..».;,*,,.,.* 2-4, 6,1

Tires and inner tul ..l.....U^ 29Tobacco and manufactures ....«.,..,,*,«,,.,iv 2-4/lfiM12, 23Tractors ..*.,,,....,..»..,..,..«.,,.,,..,j.».,,..w,.«.«....t.... i. 2?Trade (retail and wholesale) ..„..„*„*,Transit lines, urban „.„*„.,,,..„.„.,.;.«,,Transportation „,.„.....;**„.,...,,.,*„;>„,.,Transportation equipment .„„.»*... |-

Truck iers ,..,..!Z*,,]*,",!Z!*»,Z! 32Trucks .....,....*,;,,,..,.>..,,.*...,.,....U»M,.,,»>.«.»......*,«.,.- - •;;•?," 32'

Unemployment and insurance .,U.S. Government bonds ..*........U,S, Government finarice...*.,..,

,,„; 9% 10, 13;..*„„ 16

Vacuum cleaners .........,„.,.....;*Variety stores;.„„„.„..,..»,;,...,»..Vegetables and W^ i,.

Wages and salaries .....,,*...„....*Washers and dryers .,;....,.....,,.Water heaters .,,«,.i.i.*,,w..,...«.Wheat and wheat flour ,.*.*„„..Wholesale trade......*„„,.,.„;...=.Wood riulp ..«...„..,,,...,...,.„*..»..Wool and wool manufactures .

;,'6^7,;15,;20!';„„,.„;, y.-27,

...,,^

' '' \ \-. 27 ;

' '3|; :'

26 N


UNITED STATESGOVERNMENT PRINTING OFFICE

SUPERINTENDENT OF DOCUMENTS

WASHINGTON, D.C. 20402

OFFICIAL BUSINESS

Penalty for Private Use, $300

In the third quarter• Real GNP increased 212 percent• Real final sales were unchanged• GNP fixed-weighted price index increased 4 percent• Real disposable personal income increased 3 !& percent

Real GNP Real Final Sales

1980 1981 1982 1983 980 198 1982 1983 1984

GNP Fixed-Weighted Price Index Real Disposable Personal Income

Percent change at an annual rate from preced ; based on seasonally adjusted estimates


scb_101984

Documents

public business

secondclass mail

bureau of economic analysis

bureauof economic analysis

secretaryfar economic

secretary of commerce

firstclass mail rates

mail subscription orders