OCTOBER 1985 / VOLUME 65 NUMBER 10 SUBVEY OF CUBBENT
CONTENTS
Business Situation 1 U.S. Department of Commerce
National Income and Product Accounts Tables 8 Malcolm Baldrige / Secretary Sidney L. Jones / Under Secretary An Advance Overview of the Comprehensive Revision of the for Economic Affairs National Income and Product Accounts 19 Bureau of Economic Analysis Motor Vehicles, Model Year 1985 29 Allan H. Young / Director State Quarterly Personal Income, 1978:1-1985:11 30 Carol S. Carson / Deputy Director
Metropolitan Area Projections of Income, Employment, and Population to the Year 2000 32 SURVEY OF CURRENT BUSINESS Editor-in-Chief: Carol S. Carson Manuscript Editor: Dannelet A. Grosvenor Managing Editor: Leland L. Scott
Staff Contributors to This Issue: Leo M. Bernstein, Robert L. Brown, Carol S. Carson, Gerald F. Donahoe, Douglas R. Fox, Gurmukh S. Gill, John A. Gorman, Linnea Hazeri, Shelby W. Herman, Daniel J. Larkins, Larry R, Moran, Robert P. Parker, Tracy R. Tapscott, Isabelle B. Whiston, Regional Economic Analysis Division SURVEY OF CURRENT BUSINESS. Published monthly by the Bureau of 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; $37.50 foreign. Single copy: $4.75 domestic; $5.95 foreign. First-class mail rates and foreign air mail rates available upon CURRENT BUSINESS STATISTICS request. General SI Mail subscription orders and address changes to the Superintend- Industry S19 ent of Documents, U.S. Government Printing Office, Washington, DC 20402. Make checks payable to Superintendent of Documents. Footnotes 833 Second-class postage paid at Washington, DC and at additional Subject Index (Inside Back Cover) mailing offices. (USPS 337-790).
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CHART 1 A HE pace of U.S. production picked Several noteworthy aspects of the Real Product: up again in the third quarter. Real third quarter can be viewed in terms GNP increased at an annual rate of of developments in the farm, rest-of- Change From Preceding Quarter 3 Vfc percent, following an increase of 2 the-world, and personal sectors. Billion 1972$ percent in the second quarter (table Faced with depressed prices reflect- aROSS NATIONAL PRODUCT 40 1). Inflation, as measured by the GNP ing bumper harvests and low foreign fixed-weighted price index, slowed. At demand, farmers placed large 30 an annual rate of 3 percent, down manufacturers' shipments of machinery and equip- 20 from 4 percent in the preceding quar- ment, and investment plans for the quarter; for resi- ter, inflation was at its lowest rate in dential investment, July and August construction put 10 1 in place, and July and August housing starts; for more than 10 years. change in business inventories, July and August book 0 values for manufacturing and trade, and unit auto in- 1. Quarterly estimates in the national income and ventories through September; for net exports of goods -10 product accounts are expressed at seasonally adjusted and services, July and August statistical month mer- annual rates, and quarterly changes in them are dif- chandise exports, July revised statistical month mer- ferences between these rates. Quarter-to-quarter per- chandise imports, and fragmentary information on in- -20 cent changes are annualized. Real, or constant-dollar, vestment income for the quarter; for government pur- -30 estimates are expressed in 1972 dollars. chases of goods and services, Federal unified budget The preliminary (plus 15-day) GNP estimates for the outlays for July and August, State and local construc- WGE IN BUSINESS • third quarter, prepared in mid-October, are based on tion put in place for July and August, and State and 20 'VENTORIES I the following major source data: For personal con- local employment through September; and for GJVP sumption expenditures (PCE), retail sales through Sep- prices, the Consumer Price Index for July and August, 10 tember, and unit auto and truck sales through Sep- the Producer Price Index for July and August, and tember; for nonresidential fixed investment, the same unit-value indexes for exports and imports for July 0 A, MM i information for autos and trucks as for PCE, July and and August. Some of the source data are subject to re- August construction put in place, July and August -10 M» Vehicles -20 Looking Ahead . . . 30 PERSONAL CONSUMmD^ SXPENOTURES • NIPA Revisions. An advance overview of the comprehensive revision 20 of the NIPA's scheduled for release in December appears in this issue. 10 See page 19 for information about the availability of the revised estimates and related materials. 0 I.lilll.i • Input-Output Estimates. Two sets of estimates—new structures and -10 equipment by using industry, and employment and employee compensa- tion—consistent with the 1977 input-output table will appear in the No- 20 vember SURVEY. FIXED JNViOTQfr • Business Statistics. The 1984 edition of this biennial volume will be 10 available soon from the Government Printing Office. It contains histori- 0 cal data and methodological notes for all series in the "S" (or blue) pages of the SURVEY and for selected BEA series. Upcoming issues of the -10 Residential SURVEY will contain order information. 20 • U.S. Direct Investment Abroad. A volume presenting the results of the Ne EXPORTS 10 Benchmark Survey of U.S. Direct Investment Abroad—1982 will be pub- lished in December. It will contain data on the financial structure and 0 1 operations of U.S. parent companies and their foreign affiliates, on bal- -10 ance of payments transactions between parents and affiliates, and on par- ents' direct investment position in affiliates. An article summarizing the -20 20 financial and operating data is scheduled for the December SURVEY. A package of tables presenting the results of the first annual survey, cover- 10 ing 1983, will be available upon request in November. These results 0 update the financial and operating data collected in the benchmark -10 Federal survey. An article analyzing these data is scheduled for the January 1982 1983 1984 1985 SURVEY. Both sets of data provide new detail for services industries. Based on Seasonally Adjusted Annual Rates U.S. Department of Commerce, Bureau of Economic Analysis 85-10-1 SURVEY OF CURRENT BUSINESS October 1985
Table 1.—Real GNP: Change From Preceding Table 2.—Real Gross Product, Hours, and Table 3.—Fixed-Weighted Price Indexes: Quarter Compensation in the Nonfarm Business Change From Preceding Quarter [Percent change at annual rates] Economy Less Housing: Change From Pre- [Percent change at annual rates; based on index numbers ceding Quarter (1972=100), seasonally adjusted] 1984 1985 [Percent change at annual rates; based on seasonally adjusted 1984 1985 IV I II ra estimates] IV I II III GNP 4.3 0.3 1.9 3.3 1984 1985 GNP 3.6 4.3 3.9 2.9 Final sales . . 7.9 - 3 46 59 IV I II ra Less' Change in business inventories.. Personal consumption Real gross product . 47 04 25 3 1 Equals: Final sales 3.7 4.4 4.0 3.0 expenditures 3.6 5.2 4.8 4.8 Hours 2.6 36 g 26 Durables 14.1 9.2 6.8 20.5 Compensation 62 89 47 59 Less' Exports ...... -1.6 .1 7 -1.3 Motor vehicles and Plus' Imports 30 64 6 -24 parts 5.7 9.7 5.1 53.8 Real gross product per hour 21 31 17 5 Furniture and Compensation per hour 3.5 51 39 32 Equals: Final sales to domestic household equipment .. 21.6 8.8 10.7 -.3 Unit labor cost 14 85 22 27 purchasers . .... 3.5 3.8 3.9 2.8 Other durables 173 90 10 25 Nondurables — .5 3.7 4.7 .6 Personal consumption Food -1.9 4.3 6.4 1.8 expenditures 3.9 3.3 4.1 2.3 Energy 1 — 57 14 -59 74 Food . .. 33 2.6 - 6 .6 Clothing and shoes 4.2 4.3 7.8 -3.4 U.S. demand (measured by real gross Energy 1.6 -4.5 12.4 3.5 Other nondurables 3 23 g 2 Other personal consumption expenditures 4.5 4.7 4.4 3.7 Services...... 3.3 5.0 4.2 2.7 domestic purchases). In the past sev- Energy 2 -3.7 10.5 -14.7 5.5 Other 28 45 35 3.7 Other services 37 47 5.3 3.1 eral quarters, demand typically in- Nonresidential structures 2.2 3.7 4.0 3.7 creased more than production, as net Producers' durable equipment 1.6 2.0 2.2 3.2 Gross private domestic Residential . • 1.0 -1.4 13 3.0 fixed investment 5.3 -.1 12.7 -1.4 exports declined. (As explained in the Government purchases 3.7 7.0 4.2 4.0 Nonresidential 8.5 -1.6 14.5 -4.7 Structures 172 9.5 92 -7.7 box on page 3, new information indi- Producers' durable cates that there is a problem with the Equals: Gross domestic purchases 3.4 3.7 3.8 2.8 equipment 54 56 166 -3.5 Autos and trucks -3.8 20.1 -7.6 23.2 merchandise import data.) Addenda: Other 78 112 238 93 Food and energy components of 1 Residential -5.5 5.3 6.4 10.9 Third, in the personal sector, real GNP: personal consumption expenditures Food components 2 2.7 2.5 -.5 .2 Net exports of goods and Energy components 3 1.7 3.7 14.6 -1.2 services . .. (PCE) increased 5 percent. This sub- GNP less food components 38 46 46 33 Exports -.7 -9.0 -15.1 .5 stantial increase, which was concen- GNP less energy components 3.7 4.8 3.3 3.2 Merchandise 148 26 -16.8 -1.4 GNP less food and energy Agricultural 64.3 -33.9 -45.7 -24.7 trated in motor vehicles, occurred de- components 3.9 5.2 3.9 3.7 Nonagricultural 53 69 -89 3.8 Other -17.8 -17.3 -12.6 3.2 spite weakness in real disposable per- Imports . .. . -28.3 32.3 -.8 .7 9 sonal income (DPI). This weakness 1. Inasmuch as GNP is the sum of final products, the food Merchandise 347 57.6 17 and energy estimates in this table do not take into account the Petroleum -6.6 -56.2 86.1 42.2 can be traced to a drop of $14 billion effect on the prices of final products of changes in the prices of Nonpetroleum -35.8 66.2 -3.2 3.9 the food and energy that are costs of production. Other -8.9 -17.0 -.6 -2.1 in current-dollar DPI. Reflecting the 2. Consists of all components for which separate estimates Government purchases of increase in personal outlays and the are prepared. The major component that is not included is goods and services 5.9 .3 3.7 16.1 purchases of food by the Federal Government other than Federal 152 .7 — .4 33.4 decline in DPI, personal saving fell. transactions by the Commodity Credit Corporation that are National defense 17.5 — 2 7.2 20.1 treated like purchases. Nondefense 99 3.1 -17.7 74.4 The personal saving rate, which had Commodity Credit increased to 5.1 percent in the second 3. Consists of all components for which separate estimates Corporation are prepared. The major components that are not included are Other 14.2 -4.0 1.6 1.5 quarter, dropped to 2.9 percent in the (1) exports of energy; (2) the gasoline and motor oil portions of State and local -.2 0 6.7 5.0 inventories of gasoline service stations; and (3) the energy third. portions of inventories of businesses that do not produce Change in business Productivity and costs.—Table 2 energy for sale. shows changes in real gross product, NOTE.—Most index number levels are found in the National Income and Product Accounts Tables, table 7.2. 1. Gasoline and oil, and fuel oil and coal. aggregate hours, and compensation in 2. Electricity and gas. the business economy other than NOTE.—Percent changes in major aggregates are found in farm and housing. Real gross product the National Income and Product Accounts Tables, table 8.1. increased 3 percent, reflecting a 2Vz- lowing a 4-percent increase in the Dollar levels are found in tables 1.2, 1.15, 1.17, 3.8B, and 4.4. percent increase in hours and a Vz- second quarter. The third-quarter de- percent increase in productivity (as celeration in the prices of both GNP amounts of crops under Commodity measured by real gross product per and gross domestic purchases reflect- Credit Corporation (CCC) loan, rather hour). The productivity increase mod- ed a swing in energy prices from a than in business inventories. CCC erated the impact of increased hourly sharp increase to a small decline. loans are treated as government pur- compensation on unit labor costs; Largely due to energy prices, prices chases in the national income and compensation per hour was up 3 per- paid by consumers—PCE prices—de- product accounts (NIPA's); as a result, cent, but unit labor cost was up 2l/2 celerated ll/2 percentage points to a a net increase in the amount of crops percent. The third-quarter increase in 2V2-percent increase in the third under CCC loan leads to an increase unit labor cost, although larger than quarter. Other PCE prices also con- in final sales. In the third quarter, the second-quarter increase, was 1% tributed to the deceleration by slow- final sales of GNP increased 6 per- percentage points lower than the in- ing to 3V2 percent from 4V2 percent; cent, following a 4V2-percent increase. crease over the preceding four quar- food prices, however, were up slightly CCC loans more than accounted for ters. after a slight decline. For the most this acceleration: Final sales exclusive Prices.—GNP prices, as measured part, prices paid by investors and by of CCC purchases increased 4% per- by the fixed-weighted price index, in- government continued to increase in cent in the third quarter, following a creased 3 percent in the third quar- the moderate ranges registered in the 5-percent increase in the second. ter, somewhat less than the increases past several quarters. in the past several quarters, which Employment and hours.—Employ- Second, net exports changed little x in the third quarter. As a conse- ranged from 3 /2 to 4% percent (table ment increased and the unemploy- quence, U.S. production (measured by 3). The price of gross domestic pur- ment rate edged down in the third real GNP) increased about as much as chases also increased 3 percent, fol- quarter. October 1985 SURVEY OF CURRENT BUSINESS
According to the household survey, employment as a percent of the work- government; employment in goods- employment of adult men and adult ing-age population moved back up to producing industries fell slightly. Av- women increased, while teenage em- a record-tying 60.1 percent (table 4 erage weekly hours in the private ployment was unchanged. The com- and chart 2). nonfarm economy were unchanged bined increase in employment, 0.4 again in the third quarter, but in million, was slightly larger than the According to the establishment manufacturing, average weekly hours increase in the labor force, 0.3 mil- survey, nonfarm employment in- increased by 0.2, to 40.5, and overtime lion. As a result, the unemployment creased 0.6 million. All of the increase hours increased by 0.1, to 3.3. rate moved down to 7.2 percent, and occurred in distribution, services, and
CHART 2 Unemployment Rate1
1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1. 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
A Note on Merchandise Trade Data For the preliminary third-quarter GNP estimate, the change in In September, Census introduced alternative export and import net exports reflects a change in the source data used to estimate series: "revised statistical month" series. These series, which sub- merchandise imports. BE A is now using the Census Bureau's "re- stantially reduce the carry-over, are derived from all documents vised statistical month" series, which becomes available 1 month received within 45 days of the end of the month. Each revised after the previously used "statistical month" series.1 Although the series is calculated by combining the value of documents for a new series provides a more accurate estimate of merchandise im- given month that are received in that month plus the value of the ports, the import data available for the preliminary estimate have carry-over in the subsequent month—that is, the documents re- been reduced from 2 months to 1 month (and BEA projections are ceived in the subsequent month that pertain to previous months. used for the 2 missing months). BEA is continuing to use the sta- In addition, beginning in 1986, Census will publish annually a tistical month series for exports. final, or "actual," monthly series. This series will be calculated This change was made in light of the Census Bureau's new in- when complete information is available to recompile all carry-over formation on the seriousness of the timing problem with monthly documents. trade data. Each month, these data are compiled from documents transmitted to Census by the U.S. Customs Service within 15 days When BEA prepared the preliminary third-quarter estimate of of the end of the month. The values reported on these documents change in net exports, the revised statistical month imports series should represent only transactions for the month just ended. How- was available through July. The change from June to July in the ever, they also include a "carry-over" of documents for previous revised statistical month series differed significantly from the months. In the past, for use in both the U.S. international transac- change in the statistical month series. (On a seasonally unadjusted tions accounts and the NIPA's, BEA has adjusted the published basis, the statistical month series showed a lOVfe-percent decrease Census series on the basis of limited information from Census to and the revised statistical month series a 5V2-percent increase.) Be- remove the carry-over. The new information released by Census cause the revised series was viewed as providing a better indicator reveals that for the past several years this adjustment has been of current developments, it was used by BEA in estimating the inadequate because the amount of carry-over has increased sub- third-quarter change in merchandise imports. (For the flash esti- stantially—including documents as much as a year old—and has mate of the third quarter, information for July on the revised sta- varied widely from month to month. For example, in August 1985, tistical month basis was not available; the estimate was based on the carry-over documents accounted for 47 percent of the value of the statistical month series with the assumption that there would imports and 11 percent of the value of exports; in the previous be very little variation in extent of carry-over in the August and month, the import carry-over was 39 percent and the export carry- September imports data.) over was 11 percent. For 1984, the new information shows that the timing problem has had only a minor impact on annual totals for In the December NIPA revision, actual data for both merchan- both exports and imports. For the period from the first quarter of dise exports and imports will be incorporated from the second 1984 through the second quarter of 1985, the impact on quarter-to- quarter of 1983 through the second quarter of 1985, and data on quarter changes in exports is minor, but the impact on the quar- the revised statistical month basis will be incorporated beginning ter-to-quarter changes in imports is substantial. with the third quarter of 1985. The same data will also be incorpo- rated into the U.S. international transactions accounts in Decem- 1. U.S. Department of Commerce, Bureau of the Census, "Ad- ber. In the future, BEA will follow a two-step procedure to esti- vance Report on U.S. Merchandise Trade: August 1985 Statistical mate both merchandise exports and imports. The current quarter- Month," News Release CB-85-174 (Washington, DC: Department of ly estimates will be based on the "revised statistical month" series. Commerce, 27 September 1985). Annually, these estimates will be replaced by the "actual" series. SURVEY OF CURRENT BUSINESS October 1985
Personal Income ments—which had accounted for Table 5.—Personal Income and Its Disposition: about one-half of farm proprietors' Change From Preceding Quarter Personal income increased $24 Mz income in the second quarter—fell [Billions of dollars; based on seasonally adjusted annual rates] billion in the third quarter, $6*/2 bil- $8% billion in the third. The declines lion less than in the second (table 5). largely reflected a decrease in "defi- 1984 1985 The slowdown was more than ac- ciency payments"; these payments to IV I n ra counted for by a sharp drop in farm farmers who reduced planted acreage Wage and salary disbursements 282 351 279 246 proprietors' income. are based on the difference between Manufacturing .. 60 55 o 23 Wage and salary disbursements legislated "target prices" and market Other commodity-producing.. 7.6 4.5 3.3 .9 J Distributive 67 59 67 49 Services 96 105 116 119 were up $24 /2 billion in the third prices. Deficiency payments had been Government and quarter, $3V2 billion less than in the unusually large in the second quarter government enterprises 4.3 8.6 6.4 4.6 Proprietors' income 54 7 9 63 second. The slowdown reflected small- reflecting payments on the 1984 corn Farm 21 37 23 109 er increases in distributive industries, crop as well as some advance pay- Nonfarm 33 43 32 46 commodity-producing industries other Personal interest income 67 0 —30 -30 ments on 1985 crops. (Farm subsidies Transfer payments 3.3 174 3 57 than manufacturing, and government are expected to increase in the fourth Other income 72 57 69 53 and government enterprises. The pat- quarter when the balance of deficien- Less: Personal contributions tern of increase in government and cy payments on the 1985 wheat crop for social insurance 1.8 112 2.0 1.8 government enterprises in recent are made.) Personal income 48.9 47.6 30.9 24.5 Less: Personal tax and nontax quarters has been affected by Federal Personal interest income declined payments 108 373 408 384 Government and Postal Service pay $3 billion, the same as in the second Equals: Disposable personal adjustments, which added to the in- quarter, due to the continued decline income 38.1 10.2 71.7 — 13.9 creases in wages in the first and in the rate of interest paid on person- Less: Personal outlays 39.2 546 50.9 471 second quarters, but had a slight neg- al assets. Equa Is: Personal saving — 1.1 — 44.4 20.8 —61.0 ative effect on the third-quarter in- Transfer payments increased about Addenda: Special factors in crease. Manufacturing increased after $5% billion in the third quarter, after personal income: Federal Government and no change in the second quarter; serv- changing little in the second. About Postal Service pay one-half of the step-up was accounted adjustments... 4 36' 13 6 ices increased slightly more than in Agricultural subsidies 4.8 3.0 1.7 -8.7 the second quarter. for by retroactive Social Security pay- Military retirement pay -5.6 5.6 Proprietors' income declined $6V2 ments, which swung to a $2 billion in- Social Security retroactive crease from a $1 billion decline in the payments ...... 23 12 10 18 billion in the third quarter, following Cost-of-living increases in a small increase in the second. Non- second quarter. These payments Federal transfer payments 84 farm proprietors' income increased result largely from the recalculation Social Security base and of the earnings base underlying bene- rate changes (in personal slightly more in the third quarter contributions for social than in the second, but farm propri- fits for recent retirees. insurance) 63 x etors' income plummeted $11 billion, Other income increased $5 /2 bil- NOTE.—Most dollar levels are found in the National Income as a continued decline in crop and lion, about $1% billion less than in and Product Accounts Tables, table 2.1. livestock prices and a large drop in the second quarter. The slowdown agricultural subsidy payments more was in rental income, which fell $6 ties by two hurricanes that swept the than offset the effect of an increase in billion in September as a result of Gulf and Atlantic coasts. real farm product. Subsidy pay- damage caused to residential proper- Personal contributions for social in- surance, which are subtracted in de- Table 4.—Selected Labor Market Indicators riving the personal income total, in- [Seasonally adjusted] creased $2 billion, about the same as in the second quarter. Level Change from preceding quarter Personal tax and nontax payments, 1984 1985 1984 1985 increased $38V2 billion after dropping ra IV I II ra IV I II ra $41 billion in the second quarter. The swing reflected the unusual pattern of Household survey Federal income tax refunds, which Civilian employment (millions) 105.3 106.0 106.7 106.8 107.2 0.7 0.7 0.1 0.4 Adult men 56.0 56.3 56.3 56.4 56.6 .3 0 .1 .2 were delayed in the first quarter but Adult women 42.9 43.3 43.8 43.9 44.2 .4 .5 .1 .3 Teenagers .. 6.4 6.4 6.6 6.4 6.4 0 .2 2 0 were caught up in the second. The Employment-population ratio (percent) 59.6 59.8 60.1 60.0 60.1 .2 .3 1 .1 pattern of tax refunds did not affect Unemployment rate 7.4 7.2 7.3 7.3 7.2 -.3 .1 0 -.1 the level of personal tax payments in Establishment survey the third quarter, but did increase the 1 Employment nonfarm (millions) 94.9 95.8 96.6 97.3 97.9 .9 .8 .7 .6 third-quarter change by $27 /2 billion Goods producing 24.9 25.0 25.1 25.1 25.0 .1 .1 0 -.1 Durable manufacturing 11.6 11.7 11.7 11.6 11.5 .1 0 -.1 1 (table 6). Nondurable manufacturing ... . . 7.9 7.9 7.9 7.8 7.8 0 0 -.1 0 Other goods producing 5.4 5.4 5.5 5.7 5.7 0 .1 .2 0 Largely due to the erratic pattern Distributive * 27.5 27.8 28.1 28.4 28.6 .3 .3 .3 .2 Services 2 26.6 26.9 27.3 27.7 28.0 .3 .4 .4 .3 of personal taxes, DPI dropped $14 Government 16.0 16.1 16.1 16.2 16.4 .1 0 .1 .2 billion after a huge—$71V2 billion- Average weekly hours: Private nonfarm 35.3 35.2 35.1 35.1 35.1 -.1 -.1 0 0 increase. If the effect of the timing of Manufacturing 40.5 40.5 40.4 40.3 40.5 0 -.1 -.1 .2 _ i income tax refunds is excluded, DPI Manufacturing overtime ... 3.3 3.4 3.3 3.2 3.3 .1 -.1 .1 would have increased $13y2 in the 1. Includes transportation and public utilities, wholesale trade, and retail trade. 2. Includes financial and nonfmancial services. third quarter and $16V2 billion in the Source: Bureau of Labor Statistics second. Real DPI decreased 4 percent October 1985 SURVEY OF CURRENT BUSINESS
Table 6.—Personal Tax and Nontax Payments: purchases increased sharply in the represent about three-fourths of total Change From Preceding Quarter third quarter, following a moderate nondurables, accounted for the decel- l [Billions of dollars; based on seasonally adjusted annual rates] increase in the second; fixed invest- eration. Food decelerated from a Q /2-
1984 1985 ment slipped slightly, following an in- percent increase to a 2-percent in- crease; and net exports were flat, fol- crease, and clothing and shoes swung IV I n ra lowing a decline. from an 8-percent increase to a SVfe- Personal tax and nontax percent decline. Energy expenditures payments 10.8 37.3 40.8 38.4 Personal consumption expenditures increased 7 ¥2 percent in the third Federal 8.3 34.3 -44.0 36.3 Impact of legislation 1 -1.0 — o.q oO 0 -1.9 quarter, following a 6-percent decline Indexing of income taxes 69 Real PCE increased 5 percent in Refunds slowdown 27.6 -55.1 27.6 in the second. Other nondurable 9.3 10.1 11.2 10.7 the third quarter, the same as in the Other second; a strong increase in durable goods increased little, as they had in State and local 2.6 3.0 3.1 2.1 the second quarter. Impact of legislation -.4 -.3 0 -1.2 goods was accompanied by smaller in- Other 3.0 3.3 3.1 3.3 Expenditures for services increased creases in nondurable goods and in l 1. For more information on the impact of legislation on services. 2 /2 percent in the third quarter, fol- Federal receipts, see "Impact of Recent Tax Law Changes" in the April 1985 issue of the SURVEY. Expenditures for durable goods in- lowing a 4-percent increase in the creased 2Ql/2 percent in the third second. Among services, electricity after increasing 8 percent in the quarter, following a 7-percent in- and gas declined in both quarters, second quarter. If the effect of the crease in the second. The increase re- and a slowdown in other services was timing of income tax refunds is ex- flected a large jump, 54 percent, in centered in spending on medical care cluded, real DPI would have shown no the motor vehicles component; this and net foreign travel. change after decreasing % percent. component had been increasing in The decline in DPI, coupled with an recent quarters, but at more moder- Investment increase in personal outlays, led to a ate rates. The third-quarter strength Residential investment—Real resi- substantial drop in the personal in motor vehicles reflected record dential investment increased 11 per- saving rate, from 5.1 percent in the sales of new cars and trucks in late cent in the third quarter, following a second quarter to 2.9 percent in the August and September, in response to 6V2-percent increase in the second. third. Undoubtedly, many factors attractive financing packages offered Single-family construction was un- were involved in the saving rate's by manufacturers. Furniture and changed, but multifamily construction sharp drop; three are mentioned household equipment slipped % per- and the "other," nonconstruction, below. First, changes in farm propri- cent in the third quarter, after a 10 Vz- component increased. (The noncon- etors' income have, historically, had percent increase in the second; other struction component includes addi- relatively little impact on personal durable goods increased 2l/2 percent, tions and alterations, brokers' com- outlays. If it is assumed that the after a 1-percent increase. missions on the sale of residences, third-quarter decline in farm income Nondurable goods increased slight- and mobile homes.) had no effect on personal outlays, the ly, l/z percent, in the third quarter, The pattern of the construction income change by itself would have following a 4V2-percent increase in components follows that of housing lowered the saving rate by about 0.4 the second. Expenditures for food and starts, with a shorter lag in single- percentage point. Second, some part for clothing and shoes, which together family than in multifamily units. of the record consumer purchases of motor vehicles in the third quarter (discussed under PCE) may represent CHART 3 an alternative kind of saving—an ac- Housing Starts cumulation of physical capital as op- Millions of units posed to financial capital. In the past, 2.5 large changes in consumer purchases of motor vehicles have been associat- ed with changes in the opposite direc- tion in the saving rate. Third, income tax refunds boosted second-quarter DPI (and probably personal saving), and thereby caused the third-quarter drop in the saving rate to be larger than it otherwise would have been. 1.0 - Components of Real GNP Among the components of real GNP, PCE and inventory investment registered changes in the third quar- ter similar to their second-quarter changes—PCE up and inventory in- 0L_LJL vestment down. Other components 1981 1982 1983 1984 1985 registered divergent movements be- Seasonally Adjusted as Annual Rates tween the two quarters. Government Data: Census. U.S. Department of Commerce, Bureau of Economic Analysis SURVEY OF CURRENT BUSINESS October 1985
Single-family starts were roughly the Structures declined 7 Vfe percent, fol- in the second quarter; faced with good same in the second quarter as they lowing a 9-percent increase. Commer- harvests, low foreign demand, and had been in the first; multifamily cial structures and industrial struc- low prices, farmers placed substantial starts had increased sharply in the tures declined by about equal amounts of crops under CCC loan. In first quarter (chart 3). amounts; other categories of struc- retail trade, sharper decumulation in An increase in brokers' commis- tures changed little. inventories was more than accounted sions accounted for much of the in- PDE declined 3Vi percent, following for by autos. As was mentioned earli- crease in the nonconstruction compo- a 16V2-percent increase. The change er, auto sales jumped in the third nent, and reflected increased sales of in PDE was again dominated by the quarter in response to attractive fi- new and existing residences. From volatile information processing cate- nancing packages offered by manufac- the second quarter to July-August, gory, computers in particular (table turers; as a result, auto inventories sales of new residences increased 6.8 7). The transportation category, large- were run down to levels below those percent, and sales of existing resi- ly due to strong auto sales, again considered desirable by the industry. dences, 7.9 percent (not annual rates). changed in the opposite direction (The ratio of unit auto inventories to These increases continue the pattern from the information processing cate- auto sales fell to 1.3 in September of recent quarters and reflect the con- gory and moderated the swing in total 1985—the lowest level since the be- tinued downtrend in mortgage rates PDE. ginning of this series in 1967.) (chart 4). The mortgage rate hovered Change in business inventories.— Reflecting the decline in inventories just above 12 percent in the third Real business inventories decreased and the increase in final sales, the quarter, 64 basis points below its $2 billion in the third quarter, follow- constant-dollar ratio of total invento- second-quarter level and 235 basis ing an $8V2 billion increase in the ries to total final sales declined to points below its level in the third second (table 8). In both quarters, the 3.02, approaching the lower end of the quarter of 1984. change in inventory investment con- 3.01-3.09 range within which it has Nonresidential fixed investment— tributed negatively to the change in fluctuated over the last 2 years. Real nonresidential fixed investment GNP—minus $10 Vi billion in the declined 4 ¥2 percent in the third third quarter and minus $11 billion in Net exports quarter, following a 14V2-percent in- the second. The third-quarter swing Real net exports were flat in the crease in the second. Both structures in inventory investment was largely third quarter, following a $5% billion and producers' durable equipment accounted for by farm and trade in- decline in the second. Exports and im- (PDE) contributed to the third-quarter ventories. Farm inventories increased ports both increased by less than $x/2 swing. little, following a $3V2 billion increase billion in the third quarter; in the second they had both declined—ex- CHART 4 ports by $6 billion and imports by less Selected Interest Rates than $V2 billion. Within exports, agri- Percent cultural products declined in the face 22 of ample worldwide supplies, but this decline was more than offset by in- creases in services and nonagricul- 20 tural exports. Within imports, al- though services remained flat, mer- chandise imports registered a small 18 increase. The increase in merchandise imports, in which a decline in petrole- um was more than offset by an in- 16 crease in nonpetroleum, was estimat- ed using the Census Bureau's import data on a revised statistical month basis. See the box on page 3 for a de- 14 scription of these new data and their use in preparing the third-quarter es- timates. 12 Government purchases Real government purchases were 10 up 16 percent in the third quarter, following a moderate increase in the second. The step-up was in Federal purchases, which jumped 331/2 percent after a slight decline. Defense pur- 3-montft Treasury Bis "*«...»—** chases, which often fluctuate sharply I M 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 M from quarter to quarter, were up con- 1981 1982 1983 1984 1985 siderably more than in the second Data: FRB, FHLMC. quarter. The large increase was due U.S. Department of Commerce, Bureau of Economic Analysis October 1985 SURVEY OF CURRENT BUSINESS
Table 7.—Real Nonresidential Producers' Durable Equipment Table 9.—Federal Receipts and Expenditures, [Billions of 1972 dollars; seasonally adjusted annual rates] NIPA Basis: Change From Preceding Quarter [Billions of dollars; based on seasonally adjusted annual rates] Level Change from preceding quarter 1984 1985 1984 1985 1984 1985 m IV I II m IV I n in IV I n m
Producers' durable equipment 152.4 154.4 152.2 158.2 156.8 2.0 -2.2 6.0 -1.4 Receipts 15.7 49.4 -37.4 n.a. Information processing and related equip- ment 70.8 72.5 69.7 74.1 70.9 1.7 -2.8 4.4 -3.2 Personal tax and nontax Transportation and related equipment 35.1 35.0 36.2 35.6 38.1 -.1 1.2 -.6 2.5 receipts 83 343 440 363 -.1 Corporate profits tax accruals 3.8 -1.7 -1.3 n.a. Industrial equipment 25.7 25.6 25.3 26.3 26.3 -.3 1.0 0 Indirect business tax and 20.8 21.3 21.0 22.2 21.5 .5 -.3 1.2 -.7 nontax accruals 2 5 4.2 -5.0 Contributions for social NOTE.— insurance 38 163 3.6 3.2 Information processing and related equipment, previously referred to as high-technology equipment, consists of: office and store equipment (including computers), communications equipment, photographic instruments and scientific and engineering Expenditures . 32.9 16.7 11.5 21.9 instruments. Transportation and related equipment consists of: passenger cars, trucks, aircraft, railroad equipment, and ships and boats. Purchases of goods and services... 13.7 4.2 4.4 22.8 Industrial equipment, previously referred to as heavy industrial equipment, consists of: general and special industrial National defense 11.3 2.3 7.2 12.0 machinery, fabricated metals and metalworking equipment, steam and internal combustion engines, and electrical transmission Nondefense 24 19 2.8 10.7 and distribution equipment. Transfer payments 6.5 9.9 -.6 3.2 Grants-in-aid to State and local governments , 4.9 -1.9 2.9 2.3 Net interest paid 45 18 4.6 1.0 Table 8.—Change in Real Business Inventories Subsidies less current surplus of government enterprises 43 23 -.9 6.3 [Billions of 1972 dollars; seasonally adjusted at annual rates] Less: Wage accruals less disbursements , .9 — .4 -1.2 1.0 Level Change from preceding quarter Surplus or deficit (-), 1984 1985 1984 1985 national income and product accounts , -17.2 32.7 -49.0 n.a. III IV I n III IV I II III n.a. Not available Change in business inventories 30.6 16.8 19.1 8.3 -2.1 -13.8 2.3 -10.8 -10.4 NOTE.—Dollar levels are found in the National Income and Product Accounts Tables, table 3.2. Farm 4.1 4.8 3.4 3.4 .2 .7 -1.4 0 -3.2 Nonfarm . . 26.5 12.0 15.7 4.9 -2.3 -14.5 3.7 -10.8 -7.2 Manufacturing 13.0 -.1 2.1 .5 .6 -13.1 2.2 -1.6 .1 Among receipts, recent sharp fluc- Wholesale trade . 9.5 3.9 2.4 3.5 .4 -5.6 -1.5 1.1 -3.1 Retail trade 2.5 8.1 10.1 10 -4.1 5.6 2.0 -11.1 -3.1 tuations in personal tax receipts were Other 1.5 .1 1.2 1.8 .8 -1.4 1.0 .6 -1.0 mainly due to the delay and catchup NOTE.—Dollar levels are found in the National Income and Product Accounts Tables, table 5.9. in income tax refund payments. Changes in indirect business taxes in to a step-up in the delivery of military second quarter, and nondefense pur- the past two quarters reflected a one- equipment. Nondefense purchases in- chases increased after a decline. time fee levied in the second quarter creased sharply after a decline; Transfer payments increased after a on the nuclear power industry for ex- changes in both quarters were due to decline, largely reflecting the pattern isting stocks of nuclear waste. Contri- operations of the CCC. As noted earli- of retroactive Social Security pay- butions for social insurance again in- er, farmers stepped up placements of ments. Net interest paid and grants- creased moderately. Estimates of cor- crops with the CCC under the com- in-aid to State and local governments porate profits, and, thus, of corporate modity loan program in the third increased again, but the composition profits tax accruals, can be approxi- quarter. State and local government of the increase in grants changed mated by using a residual calculation purchases were up 5 percent, some- sharply. In the second quarter, high- of corporate profits that assumes that what less than in the second quarter. ways had fully accounted for the in- the statistical discrepancy in the The increases were largely in high- crease; in the third, education ac- NIPA's is the same as in the preced- way construction. counted for the largest share. Subsi- ing quarter. On the basis of this cal- The Federal sector.—Changes in dies less the current surplus of gov- culation, total receipts increased current-dollar Federal receipts and ernment enterprises declined sharply, about $40 billion in the third quarter. expenditures on a NIPA basis are mainly due to the drop in agricultural The Federal deficit on a NIPA basis shown in table 9. Expenditures in- subsidy payments. Changes in wage had increased $49 billion to $214 bil- creased $22 billion in the third quar- accruals less disbursements—which lion in the second quarter and is ter, about double the increase in the are subtracted from expenditures—re- likely to decline about $18 billion in second. The step-up was more than flected a retroactive payment to the third. These changes largely re- accounted for by purchases; defense Postal Service employees in the flect the impact of the timing of tax purchases were up more than in the second quarter. refunds. 8 SURVEY OF CURRENT BUSINESS October 1985 National Income and Product Accounts Tables
New estimates in this issue: Third quarter 1985, preliminary. The abbreviations used in the tables are: CCAdj Capital consumption adjustment IVA Inventory valuation adjustment NIPA's National income and product accounts Preliminary Revised The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock No. 003-010-00101-1, price $10.00). Estimates for 1977-79 and corrections for earlier years are in the July 1982 SURVEY; estimates for 1980 and corrections for earlier years are in the July 1983 SURVEY; estimates for 1981-83 and corrections for earlier years are in the July 1984 SURVEY. Summary NIPA Series, 1952-83, are in the August 1984 SURVEY. These publications are available from the Superintendent of Documents and Commerce Department District Offices; see addresses inside front cover. The full set of NIPA estimates shown regularly in this part of the SURVEY are now available on diskette for $240 per year (12 updates). For more information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.
Table 1.1-1.2.—Gross National Product in Current and Constant Dollars
Billions of dollars Billions of 1972 dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Gross national product 3,304.8 3,662.8 3,644.7 3,694.6 3,758.7 3,810.6 3,853.1 3,916.1 1,534.7 1,639.3 1,638.8 1,645.2 1,662.4 1,663.5 1,671.3 1,684.8 Personal consumption expenditures 2,155.9 2,341.8 2,332.7 2,361.4 2,396.5 2,446.5 2,493.0 2,536.5 1,009.2 1,062.4 1,064.2 1,065.9 1,075.4 1,089.1 1,102.1 1,115.2 Durable goods 279.8 318.8 320.7 317.2 326.3 334.8 339.2 355.6 157.5 178.0 178.6 177.0 182.9 187.0 190.1 199.2 Nondurable goods 801.7 856.9 858.3 861.4 866.5 877.3 891.9 895.6 376.3 393.5 396.6 395.5 395.0 398.6 403.2 403.9 Services . . . 1,074.4 1,166.1 1,153.7 1,182.8 1,203.8 1,234.4 1,261.9 1,285.3 475.4 490.8 488.9 493.5 497.5 503.5 508.7 512.1 Gross private domestic investment 471.6 637.8 627.0 662.8 637.8 646.8 643.2 622.8 221.0 289.9 283.9 300.2 289.9 292.1 289.5 278.1 Fixed investment 485.1 579.6 576.4 591.0 601.1 606.1 625.3 630.9 224.6 265.1 263.7 269.6 273.1 273.0 281.2 280.2 Nonresidential 352.9 425.7 420.8 435.7 447.7 450.9 467.3 467.5 171.0 204.9 202.9 209.5 213.8 213.0 220.3 217.7 Structures. 129.7 150.4 150.0 151.4 157.9 162.9 168.3 166.8 49.2 56.9 56.8 57.1 59.4 60.8 62.1 60.9 Producers' durable equipment 223.2 275.3 270.7 284.2 289.7 288.0 299.0 300.6 121.8 148.0 146.0 152.4 154.4 152.2 158.2 156.8 Residential . 132.2 153.9 155.6 155.3 153.5 155.2 158.0 163.4 53.7 60.2 60.8 60.1 59.2 60.0 60.9 62.5 Nonfarm structures . • 127.6 148.8 150.5 150.1 148.3 150.0 152.4 157.5 51.2 57.5 58.1 57.3 56.5 57.2 57.9 59.4 Farm structures 1.0 1.1 1.0 1.2 1.0 1.0 1.3 1.7 .4 .4 .4 .5 .4 .4 .5 .6 Producers' durable equipment ... . 3.6 4.0 4.1 4.0 4.1 4.2 4.3 4.3 2.1 2.3 2.3 2.3 2.4 2.4 2.5 2.5 Change in business inventories -13.5 58.2 50.6 71.8 36.6 40.7 17.9 -8.1 -3.6 24.8 20.3 30.6 16.8 19.1 8.3 -2.1 Nonfarm . -3.1 49.6 47.0 63.7 27.2 34.1 11.4 -8.4 .6 20.9 18.7 26.5 12.0 15.7 4.9 23 Farm -10.4 8.6 3.5 8.1 9.4 6.6 6.5 .3 -4.2 4.0 1.6 4.1 4.8 3.4 3.4 .2 Net exports of goods and services -8.3 -64.2 58.7 -90.6 -56.0 -74.5 -94.0 -89.2 12.6 -15.0 -11.4 -27.0 -13.4 284 33 8 -34.0 Exports 336.2 364.3 362.4 368.6 367.2 360.7 347.7 347.6 139.5 146.0 144.7 147.4 147.1 143.7 137.9 138.1 Imports . . 344.4 428.5 421.1 459.3 423.2 435.2 441.6 436.7 126.9 161.1 156.2 174.4 160.5 172.1 171.8 172.1 Government purchases of goods and services 685.5 747.4 743.7 761.0 780.5 791.9 810.9 845.9 291.9 302.1 302.1 306.1 310.5 310.7 313.5 325.5 Federal 269.7 295.4 296.4 302.0 315.7 319.9 324.2 347.0 116.2 122.5 123.2 125.0 129.6 129.8 129.7 139.4 National defense . 200.5 221.5 220.8 220.3 231.6 233.9 241.1 253.1 84.7 89.6 89.6 89.1 92.7 92.7 94.3 98.7 Nondefense 69.3 73.9 75.6 81.7 84.1 85.9 83.2 93.9 31.5 32.9 33.6 36.0 36.8 37.1 35.4 40.6 State and local . 415.8 452.0 447.4 458.9 464.8 472.0 486.7 498.9 175.7 179.6 178.9 181.1 180.9 180.9 183.9 186.1
Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
Billions of dollars Billions of 1972 dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Gross national product 3,304.8 3,662.8 3,644.7 3,694.6 3,758.7 3,810.6 3,853.1 3,916.1 1,534.7 1,639.3 1,638.8 1,645.2 1,662.4 1,663.5 1,671.3 1,684.8 Final sales 3,318.3 3,604.6 3,594.1 3,622.8 3,722.1 3,770.0 3,835.2 3,924.2 1,538.3 1,614.5 1,618.5 1,614.6 1,645.6 1,644.4 1,663.0 1,686.9 Change in business inventories -13.5 58.2 50.6 71.8 36.6 40.7 17.9 -8.1 -3.6 24.8 20.3 30.6 16.8 19.1 8.3 -2.1 Goods 1,355.7 1,543.0 1,544.8 1,549.2 1,579.8 1,583.8 1,579.5 1,595.1 688.6 764.5 767.4 766.8 778.8 773.0 772.2 777.3 Final sales.. 1,369.2 1,484.8 1,494.2 1,477.4 1,543.2 1,543.1 1,561.7 1,603.1 692.2 739.6 747.1 736.1 762.0 753.8 763.9 779.4 Change in business inventories -13.5 58.2 50.6 71.8 36.6 40.7 17.9 81 36 24.8 20.3 30.6 16.8 19.1 8.3 -2.1 Durable goods . . 555.3 655.7 647.9 654.7 687.7 677.1 669.6 674.8 295.6 341.6 339.5 340.2 355.4 346.9 346.6 348.8 Final sales.. 557.5 625.3 629.7 613.1 661.0 648.2 665.9 687.6 296.1 328.4 331.4 322.4 343.4 334.3 344.4 353.9 Change in business inventories -2.1 30.4 18.2 41.7 26.7 29.0 3.7 128 5 13.2 8.1 17.8 12.0 12.6 2.1 -5.1 Nondurable goods 800.4 887.3 896.9 894.4 892.1 906.7 910.0 920.2 392.9 422.9 427.9 426.5 423.5 426.0 425.7 428.5 Final sales 811.7 859.5 864.6 864.3 882.2 895.0 895.8 915.5 396.1 411.2 415.7 413.7 418.6 419.5 419.5 425.5 Change in business inventories -11.3 27.8 32.4 30.1 9.9 11.7 14.2 4.8 -3.2 11.7 12.2 12.8 4.8 6.5 6.2 3.0 Services 1,639.3 1,763.3 1,742.6 1,783.3 1,813.7 1,857.2 1,888.8 1,927.3 723.2 736.7 732.9 739.0 743.6 749.7 753.5 760.0 Structures 309.8 356.5 357.2 362.1 365.2 369.6 384.8 393.8 122.9 138.1 138.5 139.4 140.0 140.9 145.5 147.5 Addenda: Gross domestic purchases l 3,313.1 3,727.0 3,703.4 3,785.2 3,814.8 3,885.2 3,947.1 4,005.3 1,522.1 1,654.4 1,650.2 1,672.2 1,675.8 1,692.0 1,705.1 1,718.8 Final sales to domestic purchasers * ... 3,326.5 3,668.8 3,652.8 3,713.4 3,778.1 3,844.5 3,929.2 4,013.4 1,525.7 1,629.5 1,629.9 1,641.6 1,659.0 1,672.8 1,696.8 1,720.9
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports. October 1985 SURVEY OF CURRENT BUSINESS
Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars
Billions of dollars Billions of 1972 dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Gross national product 3,304.8 3,662.8 3,644.7 3,694.6 3,758.7 3,810.6 3,853.1 3,916:1 1,534.7 1,639.3 1,638.8 1,645.2 1,662.4 1,663.5 1,671.3 1,684.8 Gross domestic product 3,256.5 3,619.2 3,602.6 3,650.1 3,718.6 3,772.9 3,816.1 3,877.6 1,512.1 1,619.7 1,619.8 1,625.3 1,644.6 1,647.0 1,655.2 1,668.2 Business 2,790.8 3,120.5 3,106.8 3,148.5 3,209.4 3,252.5 3,287.7 3,341.0 1,307.8 1,413.9 1,414.1 1,419.5 1,438.1 1,440.0 1,447.7 1,459.9 Nonfarm 2,728.9 3,049.0 3,037.5 3,078.0 3,137.0 3,185.0 3,229.4 3,285.0 1,273.8 1,377.6 1,380.1 1,383.5 1,399.2 1,401.9 1,411.1 1,422.5 Nonfarm less housing .. 2,434.7 2,725.7 2,718.8 2,750.3 2,801.1 2,841.6 2,877.2 2,923.1 1,130.6 1,228.8 1,232.1 1,233.9 1,248.1 1,249.2 1,256.9 1,266.7 Housing 294.2 323.2 318.7 327.7 335.9 343.3 352.1 361.9 143.2 148.8 148.0 149.6 151.1 152.6 154.2 155.8 Farm 61.5 78.9 78.3 83.5 82.3 75.7 72.0 69.7 33.8 39.7 38.1 41.8 43.3 41.7 42.6 43.4 Statistical discrepancy .5 -7.4 -9.0 -13.0 -9.9 -8.1 -13.7 -13.7 .2 3.3 4.1 -5.9 -4.4 -3.6 6.0 -6.0 Households and institutions 116.5 123.5 123.1 123.8 126.0 128.0 130.4 132.7 47.3 47.8 47.9 47.7 48.2 48.5 48.8 49.2 Private households • 7.8 8.1 8.0 8.1 8.3 8.4 8.5 8.7 3.3 3.4 3.4 3.4 3.5 3.5 3.6 3.7 Nonprofit institutions . 108.7 115.4 115.1 115.7 117.8 119.7 121.8 123.9 44.0 44.4 44.5 44.3 44.8 45.0 45.2 45.6 Government 349.2 375.3 372.7 377.7 383.2 392.4 398.1 403.9 157.0 158.0 157.8 158.1 158.3 158.5 158.7 159.1 Federal 107.8 114.6 114.4 114.7 115.3 119.1 119.7 120.4 51.3 51.9 51.9 52.0 52.0 52.0 52.2 52.3 State and local 241.4 260.7 258.3 263.0 267.8 273.3 278.3 283.4 105.7 106.1 105.9 106.2 106.3 106.5 106.6 106.8 Rest of the world 48.3 43.6 42.1 44.5 40.2 37.7 37.0 38.5 22.5 19.6 19.0 19.9 17.8 16.5 16.1 16.6 Addendum: Gross domestic business product less housing 2,487.7 1,163.5
Table 1.7.—Relation of Gross National Product, Net National Product, Table 1.11.—National Income by Type of Income National Income, and Personal Income Billions of dollars Billions of dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II HIP II III IV I II III" National income 2,646.7 2,959.9 2,944.8 2,984.9 3,036.3 3,076.5 3,106.5 Gross national product 3,304.8 3,662.8 3,644.7 3,694.6 3,758.7 3,810.6 3,853.1 3,916.1 Compensation of employ- Less: ees ... 1,984.9 2,173.2 2,159.2 2,191.9 2,228.1 2,272.7 2,305.9 2,337.2 Capital consumption al- Wages and salaries 1,658.8 1,804.1 1,793.3 1,819.1 1,848.2 1,882.8 1,909.5 1,935.2 lowances with CCAdj... 377.1 403.3 400.0 406.9 414.4 421.0 427.7 438.4 Government and gov- Capital consumption al- ernment enterprises .... 327.7 349.9 347.5 352.0 357.2 365.5 370.7 376.3 lowances 367.2 417.3 410.3 423.1 437.2 450.1 463.7 480.5 Other . 1,331.1 1,454.2 1,445.8 1,467.1 1,490.9 1,517.3 1,538.9 1,558.9 Less: CCAdj -9.9 14.1 10.3 16.3 22.9 29.1 36.0 42.1 Supplements to wages and salaries 326.2 369.0 365.9 372.8 380.0 389.8 396.3 402.1 Equals: Net national prod- Employer contribu- uct 2,927.7 3,259.6 3,244.7 3,287.7 3,344.4 3,389.6 3,425.4 3,477.7 tions for social in- surance 153.1 173.5 172.4 174.7 177.5 183.6 186.1 188.3 Less: Other labor income 173.1 195.5 193.5 198.1 202.5 206.3 210.2 213.7 Indirect business tax and nontax liability 280.4 304.0 301.3 306.6 312.5 317.5 327.4 327.9 Proprietors' income with Business transfer pay- IVA and CCAdj 121.7 154.4 149.8 153.7 159.1 159.8 160.7 154.4 ments 15.6 17.3 17.1 17.5 18.0 18.5 19.0 19.5 Farm. ... 13.8 28.2 23.4 27.3 29.4 25,7 23.4 12.5 Statistical discrepancy .5 -7.4 -9.0 -13.0 -9.9 -8.1 -13.7 Proprietors' income Plus: Subsidies less current with IVA 22.1 36.4 31.7 35.5 37.6 33.9 31.5 20.6 surplus of government CCAdj -8.4 -8.2 83 8 2 -8.2 -8.2 -8.1 -8.1 enterprises 15.6 14.2 9.6 8.4 12.6 14.8 13.8 7.4 Nonfarm 107.9 126.2 126.3 126.4 129.7 134.0 137.3 141.9 Proprietors' income 100.4 114.5 115.0 113.8 116.7 119.5 121.6 125.2 8 3 2 Equals: National income 2,646.7 2,959.9 2,944.8 2,984.9 3,036.3 3,076.5 3,106.5 IVA .. .. -.4 -.4 .1 -.2 .1 CCAdj 8.3 12.2 11.8 12.5 13.2 14.8 15.9 16.5 Less: Corporate profits with Rental income of persons IVA and CCAdj ... . 225.2 285.7 291.1 282.8 291.6 292.3 298.5 with CCAdj . ... 58.3 62.5 62.0 63.0 64.1 64.8 66.7 67.7 Net interest 256.6 284.1 282.8 293.5 293.4 287.0 274.7 ""'267.8 Rental income of per- sons 96.6 103.0 102.5 104.2 105.5 106.1 108.1 110.9 Contributions for social CCAdj insurance 272.7 306.0 304.2 308.1 312.7 330.0 334.6 338.6 -38.3 -40.5 -40.6 41 2 41 4 -41.3 -41.4 -43.2 Wage accruals less dis- Corporate profits with IVA bursements 4 .1 .2 -.4 .5 .1 1 0 0 Plus: and CCAdj 225.2 285.7 291.1 282.8 291.6 292.3 298.5 Government transfer pay- Corporate profits with IVA .. 192.0 230.0 238.7 224.5 227.1 223.2 223.5 ments to persons .. 389.3 399.4 398.1 401.0 403.8 420.7 420.5 425.7 Profits before tax 203.2 235.7 246.0 224.8 228.7 222.3 221.0 Personal interest income.... 376.3 433.7 425.6 449.3 456.1 456.0 453.0 450.0 Profits tax liability .. 75.8 Personal dividend income- 70.3 77.7 77.2 78.5 80.2 81.4 82.5 83.2 89.8 95.8 83.1 87.7 85.3 83.6 Business transfer pay- Profits after tax 127.4 145.9 150.2 141.7 141.0 137.0 137.4 Dividends 72.9 80.5 79.9 81.3 83.1 84.5 85.6 86.4 ments 15.6 17.3 17.1 17.5 18.0 18.5 19.0 19.5 Undistributed profits 54.5 65.4 70.2 60.3 58.0 52.5 51.8 Equals: Personal income 2,744.2 3,012.1 2,984.6 3,047.3 3,096.2 3,143.8 3,174.7 3,199.1 IVA 11 2 57 -7.3 -.2 -1.6 .9 2.5 6.0 CCAdj. 33.2 55.7 52.3 58.3 64.5 69.1 75.0 82.3 Net interest 256.6 284.1 282.8 293.5 293.4 287.0 274.7 267.8 Addenda: Corporate profits after Table 1.8.—Relation of Gross National Product, Net National Product, tax with IVA and CCAdj 149.4 195.9 195.2 199.8 203.9 207.0 214.9 and National Income in Constant Dollars Dividends ... . 72.9 80.5 79.9 81.3 83.1 84.5 85.6 86.4 Undistributed profits [Billions of 1972 dollars] with IVA and CCAdj 76.5 115.4 115.3 118.4 120.8 122.5 129.3
Gross national product 1,534.7 1,639.3 1,638.8 1,645.2 1,662.4 1,663.5 1,671.3 1,684.8 Less: Capital consumption allowances with CCAdj 168.1 175.2 174.1 176.0 178.5 180.5 182.6 185.8 Equals: Net national prod- uct 1,366 6 1 4641 1,464.7 1,469.2 1,484 0 1,483 0 1 488 7 1 499 0 Less: Indirect business tax and nontax liability busi- ness transfer payments less subsidies plus cur- rent surplus of govern- ment enterprises 151.8 159.0 158.9 159.1 160.0 161.4 162.4 163.3 Statistical discrepancy .2 -3.3 -4.1 -5.9 -4.4 -3.6 -6.0 Equals: National income 1,214.5 1,308.5 1,309.9 1,316.0 1,328.4 1,352.2 1,332.4 10 SURVEY OF CURRENT BUSINESS October 1985
Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in Current and Constant Dollars
Billions of dollars Billions of dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1983 1984 1985 II III IV I II HI" IV I II III IV I"
Gross domestic Net domestic product 1,699.7 1,921.6 1,917.6 1,936.0 1,974.1 2,001.5 2,023.2 product of cor- Indirect business tax and porate business 2,037.0 2,277.2 2,271.3 2,292.4 2,337.5 2,373.7 2,408.1 nontax liability plus Capital consumption allow- business transfer pay- ances with CCAdj 231.2 246.2 244.1 248.1 252.8 257.4 261.6 266.7 ments less subsidies 196.7 214.6 213.4 216.9 220.7 224.2 231.5 232.4 Domestic income 1,503.0 1,707.0 1,704.2 1,719.1 1,753.3 1,777.3 1,791.7 1,805.8 2,030.9 2,027.2 2,044.3 2,084.7 2,116.4 2,146.5 Compensation of em- Indirect business tax and ployees . 1,263.1 1,392.8 1,384.5 1,405.2 1,427.4 1,452.8 1,471.4 1,487.1 nontax liability plus Wages and salaries 1,044.3 1,143.0 1,137.1 1,153.0 1,170.7 1,189.9 1,204.5 1,217.0 business transfer pay- Supplements to ments less subsidies 206.2 224.8 223.5 227.2 231.2 234.8 242.5 243.4 wages and salaries ... 218.8 249.7 247.4 252.1 256.7 263.0 266.9 270.1 Corporate profits with Domestic income 1,599.6 1,806.2 1,803.7 1,817.1 1,853.5 1,881.5 1,904.0 IVA and CCAdj 171.0 234.7 240.8 231.6 243.4 243.2 241.9 Compensation of em- ployees 1,357.1 1,494.8 1,485.6 1,508.3 1,532.1 1,560.2 1,580.3 1,599.1 Profits before tax 148.8 184.9 195.9 173.8 181.0 173.6 165.0 Wages and salaries 1,121.2 1,225.8 1,219.0 1,236.5 1,255.5 1,276.7 1,292.4 1,307.4 Profits tax liability .. 58.0 71.2 77.2 64.4 68.7 66.6 63.6 Supplements to Profits after tax 90.8 113.7 118.6 109.5 112.2 107.0 101.4 wages and salaries ... 236.0 269.1 266.6 271.7 276.7 283.6 287.9 291.7 Dividends 62.8 71.0 70.3 70.9 76.7 73.2 83.9 77.6 Corporate profits with Undistributed IVA and CCAdj 200.4 262.7 269.8 258.5 270.9 271.6 275.8 profits 28.0 42.7 48.3 38.5 35.6 33.8 17.6 IVA -11.2 -5.7 -7.3 -.2 -1.6 .9 2.5 6.0 Profits before tax 178.4 212.7 224.8 200.4 208.0 201.6 198.3 CCAdj 33.4 55.4 52.2 58.0 64.1 68.6 74.4 81.6 Profits tax liability .. 75.8 89.8 95.8 83.1 87.7 85.3 83.6 Net interest 69.0 79.5 78.9 82.4 82.5 81.3 78.5 76.5 Profits after tax 102.6 122.9 128.9 117.3 120.4 116.3 114.6 Dividends 63.0 71.6 70.9 71.6 77.6 74.2 84.9 78.7 Billions of 1972 dollars Undistributed profits 39.6 51.3 58.1 45.7 42.8 42.1 29.8 IVA -11.2 -5.7 7.3 -.2 -1.6 .9 2.5 6.0 Gross domestic prod- CCAdj 33.2 55.7 52.3 58.3 64.5 69.1 75.0 82.3 48.0 46.8 uct of nonfinancial Net interest 42.1 48.6 48.3 50.4 50.5 49.7 corporate business... 896.4 977.2 979.5 980.0 992.5 994.0 998.7 Gross domestic product of finan- Capital consumption allow- cial corporate ances with CCAdj 100.0 104.0 103.4 104.5 105.8 107.0 108.1 109.4 business 119.3 124.4 124.3 123.5 126.3 131.1 140.0 Net domestic product 796.4 873.2 876.1 875.5 886.6 887.1 890.5 Gross domestic Indirect business tax and product of nonfi- nontax liability plus nancial corpo- business transfer pay- rate business 1,917.7 2,152.8 2,146.9 2,168.9 2,211.2 2,242.6 2,268.2 ments less subsidies 97.8 101.3 101.2 101.1 102.3 103.3 103.8 104.3 Capital consumption allow- Domestic income 698.6 771.9 774.9 774.4 784.3 783.8 786.7 ances with CCAdj 218.0 231.2 229.3 232.9 237.1 241.1 244.9 249.4
Table 1.14-1.15.—Auto Output in Current and Constant Dollars
Billions of dollars Billions of 1972 dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Auto output 88.7 106.4 98.7 99.0 113.2 124.8 98.5 105.3 49.9 58.1 54.4 54.4 61.3 66.0 54.0 58.5 Final sales 87.5 103.5 105.8 100.6 103.6 107.3 104.8 120.7 49.1 56.7 58.3 55.4 55.9 58.2 57.3 66.0 Personal consumption expenditures 88.3 102.3 104.6 100.9 101.8 103.2 104.7 117.3 43.4 48.5 49.7 47.4 47.9 48.1 48.9 55.9 New autos 65.2 75.9 77.8 73.6 76.0 77.6 79.4 94.1 35.8 40.6 41.8 39.4 40.2 40.5 41.3 48.8 Net purchases of used autos 23.0 26.4 26.8 27.3 25.8 25.6 25.2 23.1 7.6 7.9 7.9 8.0 7.7 7.6 7.6 7.1 Producers' durable equipment 17.3 24.9 24.9 26.2 24.3 28.3 27.7 31.0 12.4 16.9 17.1 17.6 16.2 18.3 17.8 19.6 New autos 31.0 40.3 40.8 41.8 39.1 43.8 42.9 47.5 17.0 21.5 21.8 22.2 20.6 22.8 22.3 24.6 137 154 159 -15.6 -14.8 -15.5 15 2 16 5 4 g 4 6 47 -4.6 -4.4 -4.5 4 4 5 0 Net exports -19.2 -24.7 245 -27.4 -23.4 -25.1 -28.4 -28.6 -7.4 -9.3 92 -10.3 -8.8 -8.9 -10.0 -10^2 Exports 4.1 5.0 4.6 5.0 4.9 6.2 5.6 5.7 2.2 2.6 2.4 2.6 2.6 3.1 2.9 2.9 Imports 23.2 29.6 29.1 32.4 28.3 31.3 34.0 34.3 9.6 11.9 11.7 12.9 11.4 12.0 12.9 13.1 Government purchases 1.2 .9 .9 .8 .8 .9 .8 1.0 .7 .7 .7 .6 .6 .7 .6 .7 Change in business inventories 1.2 2.9 7.1 -1.6 9.7 17.5 -6.3 -15.4 .8 1.4 5.2 3.9 -1.0 7.7 -3.2 -7.5 New .7 2.6 82 13 9.8 17.2 70 19 1 .7 1.3 42 9 5.4 7.6 -3.4 -8.5 Used .4 .4 1.1 -.3 .1 .3 .6 3.7 .1 .1 .3 -.1 0 .1 .2 1.1 Addenda: Domestic output of new autos l 70.1 86.7 79.3 82.4 89.5 101.1 82.7 89.4 38.4 46.2 42.5 43.9 47.3 52.6 42.7 46.4 Sales of imported new autos 2 33.1 37.8 38.2 37.1 41.4 37.2 42.2 50.0 18.1 20.2 20.6 19.9 21.9 19.5 22.0 26.0
Table 1.16-1.17.—Truck Output in Current and Constant Dollars
Billions of dollars Billions of 1972 dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Truck output 1 36.3 54.2 51.1 56.8 59.4 57.3 55.8 62.1 16.7 23.7 22.5 24.5 25.7 24.7 23.8 26.4 Final sales 36.1 51.5 50.5 52.6 57.0 57.8 56.1 61.7 16.6 22.5 22.2 22.8 24.7 24.9 23.9 26.3 Personal consumption expenditures 15.3 19.3 19.3 19.6 20.6 23.4 22.7 26.2 8.4 10.3 10.3 10.5 10.8 12.2 11.8 13.6 Producers' durable equipment 20.8 32.5 32.7 33.7 36.4 35.0 35.0 35.3 8.6 12.8 12.9 13.2 14.3 13.6 13.4 13.4 Net exports . -3.9 -5.4 -6.6 -5.3 -5.0 -6.9 -7.7 -5.8 -1.9 -2.6 -3.1 -2.6 24 -3.3 -3.7 -2.9 Exports 2.0 2.5 2.2 2.6 2.8 2.5 2.6 2.6 .8 1.0 .9 1.0 1.1 1.0 1.0 1.0 Imports 5.9 7.9 8.8 7.9 7.8 9.4 10.3 8.4 2.7 3.6 4.0 3.6 3.5 4.2 4.6 3.9 3.9 5.0 5.1 4.6 5.1 6.3 6.0 6.0 1.6 2.0 2.0 1.8 2.0 2.4 2.3 2.3 Change in business inventories .2 2.7 .6 4.2 2.4 -.5 -.2 .4 .1 1.1 .3 1.7 1.0 -.2 -.1 .1
Table l.U-1.15: Table 1.16-1.17: 1. Consists of final sales and change in business inventories of new autos produced in the 1. Includes new trucks only. United States. 2. Consists of personal consumption expenditures, producers' durable equipment, and govern- ment purchases. October 1985 SURVEY OF CURRENT BUSINESS 11
Table 2.1.—Personal Income and Its Disposition Table 2.2-2.3.—Personal Consumption Expenditures by Major Type of Product in Current and Constant Dollars Billions of dollars Seasonally adjusted at annual rates Billions of dollars 1983 1984 1984 1985 Seasonally adjusted at annual rates II III IV I II III" 1983 1984 1984 1985 II III IV I II III" Personal income 2,744.2 3,012.1 2,984.6 3,047.3 3,096.2 3,143.8 3,174.7 3,199.1 Wage and salary disburse- Personal consump- ments .. 1,659.2 1,804.0 1,793.1 1,819.5 1,847.6 1,882.7 1,910.6 1,935.2 tion expenditures 2,155.9 2,341.8 2,332.7 2,361.4 2,396.5 2,446.5 2,493.0 2,536.5 Commodity-producing industries 519.3 569.3 567.0 573.3 580.9 590.9 594.2 597.4 Durable goods 279.8 318.8 320.7 317.2 326.3 334.8 339.2 355.6 Manufacturing 395.2 433.9 432.2 436.4 442.4 447.9 447.9 450.2 Distributive industries 398.6 432.0 429.5 436.4 443.1 449.0 455.7 460.6 Motor vehicles and parts ... 129.3 149.8 152.3 148.6 150.7 155.7 157.6 173.8 Service industries 413.1 452.9 449.3 457.3 466.9 477.4 489.0 500.9 Furniture and household Government and govern- equipment 104.1 117.0 116.6 116.8 121.8 123.8 126.0 125.3 ment enterprises 328.2 349.8 347.3 352.4 356.7 365.4 371.7 376.3 Other 46.4 51.9 51.7 51.9 53.8 55.3 55.6 56.5 Other labor income 173.1 195.5 193.5 198.1 202.5 206.3 210.2 213.7 Nondurable goods 801.7 856.9 858.3 861.4 866.5 877.3 891.9 895.6 Proprietors' income with IVA Food 416.5 443.6 442.1 448.6 449.8 457.3 463.9 466.9 and CCAdj 121.7 154.4 149.8 153.7 159.1 159.8 160.7 154.4 Clothing and shoes 127.0 140.2 142.2 139.3 143.2 145.5 149.2 147.1 Farm 13.8 28.2 23.4 27.3 29.4 25.7 23.4 12.5 Gasoline and oil 90.0 91.4 92.8 90.0 90.8 89.9 93.6 93.8 Nonfarm 107.9 126.2 126.3 126.4 129.7 134.0 137.3 141.9 Other nondurable goods 168.2 181.7 181.2 183.6 182.7 184.6 185.3 187.8 Fuel oil and coal 21.0 21.2 21.6 21.1 19.7 18.5 17.7 18.3 Rental income of persons Other 147.2 160.5 159.7 162.5 163.1 166.0 167.6 169.5 with CCAdj 58.3 62.5 62.0 63.0 64.1 64.8 66.7 67.7 Services 1,074.4 1,166.1 1,153.7 1,182.8 1,203.8 1,234.4 1,261.9 1,285.3 Personal dividend income 70.3 77.7 77.2 78.5 80.2 81.4 82.5 83.2 Housing 363.3 397.9 392.4 403.3 413.4 422.2 432.9 444.6 Personal interest income 376.3 433.7 425.6 449.3 456.1 456.0 453.0 450.0 Household operation 153.8 164.0 163.3 167.6 166.4 170.9 170.3 172.5 Electricity and gas 81.3 85.7 86.1 88.4 85.9 88.8 85.5 85.1 Transfer payments 405.0 416.7 415.2 418.6 421.8 439.2 439.5 445.2 Other 72.5 78.3 77.2 79.2 80.5 82.1 84.8 87.4 Old-age, survivors, disabil- Transportation 72.5 78.3 77.6 78.5 81.2 83.6 84.5 85.3 ity, and health insurance Other 484.8 525.9 520.4 533.4 542.8 557.7 574.3 582.8 benefits. 221.6 237.3 235.2 238.2 243.5 249.6 249.9 254.9 Government unemployment Billions of 1972 dollars insurance benefits 26.1 15.9 15.8 15.2 16.0 17.8 15.8 15.0 Veterans benefits 16.6 16.5 16.6 16.7 16.4 16.9 16.9 16.8 Government employees re- Personal consump- tirement benefits 59.5 62.2 63.1 63.9 59.2 67.1 68.3 69.4 tion expenditures 1,009.2 1,062.4 1,064.2 1,065.9 1,075.4 1,089.1 1,102.1 1,115.2 Other transfer payments 81.0 84.9 84.5 84.6 86.7 87.8 88.5 89.0 Aid to families with de- Durable goods. 157.5 178.0 178.6 177.0 182.9 187.0 190.1 199.2 pendent children 14.2 14.7 14.9 14.6 14.6 15.1 15.3 15.2 Other 66.8 70.1 69.6 70.0 72.1 72.7 73.3 73.8 Motor vehicles and parts ... 66.6 75.8 77.2 74.8 75.9 77.7 78.7 87.6 Furniture and household Less: Personal contribu- equipment 65.9 74.8 74.1 74.8 78.5 80.2 82.3 82.2 tions for social insurance . 119.6 132.5 131.8 133.4 135.2 146.4 148.4 150.3 Other 25.0 27.5 27.4 27.4 28.5 29.1 29.2 29.3 Less: Personal tax and Nondurable goods 376.3 393.5 396.6 395.5 395.0 398.6 403.2 403.9 nontax payments 404.2 435.3 430.3 440.9 451.7 489.0 448.2 486.6 Food 188.9 193.4 193.6 195.6 194.7 196.8 199.8 200.7 Equals: Disposable personal Clothing and shoes 88.5 96.5 99.1 95.9 96.9 97.9 99.8 98.9 income 2,340.1 2,576.8 2,554.3 2,606.4 2,644.5 2,654.8 2,726.5 2,712.6 Gasoline and oil 26.1 26.9 27.1 26.9 26.7 26.9 26.7 27.0 Other nondurable goods ..... 72.9 76.7 76.9 77.1 76.7 77.1 77.0 77.2 Less: Personal outlays 2,222.0 2,420.7 2,409.5 2,442.3 2,481.5 2,536.2 2,587.1 2,634.2 Fuel oil and coal 4.0 3.9 3.9 3.9 3.7 3.6 3.3 3.5 Personal consumption ex- Other 68.9 72.8 73.0 73.1 73.1 73.5 73.6 73.7 penditures 2,155.9 2,341.8 2,332.7 2,361.4 2,396.5 2,446.5 2,493.0 2,536.5 Interest paid by consumers Services 475.4 490.8 488.9 493.5 497.5 503.5 508.7 512.1 to business 65.1 77.8 75.7 79.8 83.6 87.9 92.6 96.5 Personal transfer payments Housing 171.3 177.7 176.8 178.5 180.3 182.1 183.9 185.7 to foreigners (net) 1.0 1.2 1.0 1.1 1.5 1.8 1.5 1.2 Household operation 64.1 64.8 65.1 65.1 65.2 66.4 66.1 66.2 Electricity and gas 24.9 25.1 25.6 25.2 25.0 25.6 24.6 24.2 Equals: Personal saving. 118.1 156.1 144.8 164.1 163.0 118.6 139.4 78.4 Other 39.1 39.7 39.5 39.9 40.2 40.8 41.5 41.9 Transportation . 31.7 32.7 32.7 32.6 33.1 33.4 33.7 33.9 Addenda: Other 208.3 215.6 214.3 217.2 218.9 221.7 225.0 226.4 Disposable personal income: Total, billions of 1972 dol- lars 1,095.4 1,169.0 1,165.3 1,176.5 1,186.7 1,181.9 1,205.3 1,192.6 Table 3.14.—State and Local Government Social Insurance Funds Per capita: Current dollars 9,977 10,887 10,806 11,000 11,133 11,154 11,432 11,346 Receipts and Expenditures 1972 dollars 4,670 4,939 4,930 4,965 4,996 4,965 5,054 4,988 Population (millions) 234.5 236.7 236.4 237.0 237.5 238.0 238.5 239.1 [Billions of dollars] Personal saving as percent- Receipts 646 730 720 74 1 76 2 78 0 79 8 81 5 age of disposable person- al income 5.0 6.1 5.7 6.3 6.2 4.5 5.1 2.9 Contributions for social in- surance 39.0 42.6 42.1 430 438 447 457 46.5 Personal contribution 10.4 11.4 11.2 11.5 11.7 12.0 12.3 12.6 Employer contributions 28.6 31.2 30.9 31.5 32.1 32.7 33.4 33.9 Government and gov- ernment enterprises .... 26.1 28.5 28.2 28.8 29.3 29.9 30.6 31.0 Other 25 27 27 27 27 28 28 29 Interest and dividends re- ceived 256 305 298 31 1 324 333 342 350 Expenditures 27 1 30 4 30 0 308 31 7 32 6 33 7 349 Administrative expenses (purchases of goods and services) 1.0 1.1 1.1 1.1 12 12 1.3 13 Transfer payments to per- sons 26.1 29.3 29.0 29.6 30.5 314 32.4 33.6 Surplus or deficit ( ) 375 426 41 9 433 44 5 45 4 46 1 46 5
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. 12 SURVEY OF CURRENT BUSINESS October 1985
Table 3.2.—Federal Government Receipts and Expenditures Table 3.3.—State and Local Government Receipts and Expenditures
Billions of dollars Billions of dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Receipts 641.1 704.7 704.3 706.2 721.9 771.4 733.9 Receipts 478.2 523.6 520.6 524.6 539.7 545.6 558.0 Personal tax and nontax Personal tax and nontax receipts 295.2 315.0 310.7 319.7 327.9 362.2 318.3 354.6 receipts 109.0 120.3 119.6 121.2 123.8 126.8 129.9 132.0 Income taxes 288.8 308.4 303.8 314.0 321.2 355.4 310.8 347.3 Income taxes 58.7 64.5 64.5 64.6 65.7 67.2 68.7 69.0 Estate and gift taxes 5.9 5.9 6.2 5.0 6.0 6.2 6.7 6.6 Non taxes 40.8 45.8 45.2 46.5 47.8 49.1 50.6 52.2 .5 .7 .6 Other 9.5 10.0 9.9 10.2 10.3 10.5 10.7 10.9 Corporate profits tax accru- Corporate profits tax accru- als 59.8 70.8 75.6 65.3 69.1 67.4 66.1 als 16.0 19.1 20.2 17.8 18.5 17.9 17.6 Indirect business tax and Indirect business tax and nontax accruals 52.4 55.5 55.9 56.1 55.9 56.4 60.7 55.7 nontax accruals 228.0 248.4 245.4 250.5 256.6 261.1 266.8 272.3 Excise taxes 36.1 35.8 36.1 35.6 35.5 35.3 35.3 35.3 Sales taxes 107.4 119.4 118.3 120.2 123.0 125.0 127.9 131.0 Customs duties . . . 9.1 11.9 12.1 12.4 12.1 12.5 11.5 12.1 Property taxes 91.3 98.3 96.9 99.4 101.9 103.9 106.0 107.9 Nontaxes 7.1 7.8 7.7 8.2 8.4 8.7 13.8 8.3 Other 29.3 30.7 30.2 30.9 31.7 32.2 32.9 33.4 Contributions for social Contributions for social in- insurance 233.7 263.4 262.0 265.2 269.0 285.3 288.9 292.1 surance 39.0 42.6 42.1 43.0 43.8 44.7 45.7 46.5 Expenditures 819.7 880.5 868.0 886.8 919.7 936.5 948.0 969.9 Federal grants-in-aid 86.3 93.2 93.2 92.1 97.0 95.1 98.1 100.4 Purchases of goods and Expenditures 434.1 470.7 466.1 477.0 484.0 491.9 507.7 521.1 services 269.7 295.4 296.4 302.0 315.7 319.9 324.2 347.0 National defense 200.5 221.5 220.8 220.3 231.6 233.9 241.1 253.1 Purchases of goods and Nondefense 69.3 73.9 75.6 81.7 84.1 85.9 83.2 93.9 services 415.8 452.0 447.4 458.9 464.8 472.0 486.7 498.9 Transfer payments 345.6 353.0 350.1 353.8 360.4 370.3 369.8 372.9 Compensation of employ- To persons 338.7 344.5 343.7 346.2 347.2 363.1 361.6 365.6 ees 241.4 260.7 258.3 263.0 267.8 273.3 278.3 283.4 To foreigners 7.0 8.4 6.4 7.7 13.1 7.2 8.2 7.4 Other 174.4 191.3 189.1 195.9 197.0 198.7 208.3 215.5 Grants-in-aid to State and Transfer payments to per- local governments 86.3 93.2 93.2 92.1 97.0 95.1 98.1 100.4 sons 50.7 54.8 54.4 54.8 56.6 57.6 58.9 60.2 Net interest paid 94.2 116.7 110.9 122.0 126.4 128.2 132.8 133.7 Net interest paid -21.9 -25.3 -24.9 -25.9 -26.4 -26.4 -26.5 -26.4 Interest paid 119.5 143.6 138.0 149.0 153.9 155.6 159.6 161.5 Interest paid 32.4 38.2 37.5 39.0 40.6 42.2 43.8 45.4 To persons and busi- ness 101.8 124.0 119.2 128.9 132.9 134.9 139.0 140.0 Less: Interest received 54.3 63.5 62.4 64.9 66.9 68.6 70.2 71.9 To foreigners 17.7 19.6 18.9 20.0 21.0 20.7 20.6 21.5 Less: Interest received 25.3 26.9 27.2 27.0 27.4 27.4 26.9 27.8 Less: Dividends received 2.6 2.8 2.7 2.8 2.9 3.0 3.1 3.2 Subsidies less current sur- Subsidies less current sur- plus of government plus of government -7.8 -8.1 -8.0 81 -8.2 82 -8.3 84 enterprises 23.4 22.3 17.7 16.5 20.7 23.1 22.1 15.8 Subsidies .5 .6 .6 .6 .6 .7 .7 .7 Subsidies 21.7 21.6 16.4 15.8 20.5 23.7 25.7 17.0 Less: Current surplus of Less: Current surplus of government enterprises- -1.7 -.7 -1.3 -.7 -.3 .6 3.6 1.2 government enterprises- 8.3 8.7 8.6 8.7 8.8 8.9 9.0 9.1 Less: Wage accruals less Less: Wage accruals less disbursements -.4 .1 .2 4 .5 .1 -1.0 0 disbursements 0 0 0 0 0 0 0 0 Surplus or deficit Surplus or deficit (-), NIPA's -178.6 -175.8 -163.7 -180.6 -197.8 -165.1 -214.1 (-), NIPA's 44.1 52.9 54.5 47.6 55.6 53.7 50.3 Social insurance funds -28.4 -8.5 -7.7 -7.3 -10.2 -2.5 1.8 -.4 Social insurance funds 37.5 42.6 41.9 43.3 44.5 45.4 46.1 46.5 Other -150.2 -167.4 -156.0 -173.3 -187.7 -162.6 -215.8 Other 6.6 10.4 12.6 4.3 11.1 8.3 4.2
Table 3.7B-3.8B.—Government Purchases of Goods and Services by Type in Current and Constant Dollars
Billions of dollars Billions of 1972 dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Government purchases of goods and services ... 685.5 747.4 743.7 761.0 780.5 791.9 810.9 845.9 291.9 302.1 302.1 306.1 310.5 310.7 313.5 325.5 Federal 269.7 295.4 296.4 302.0 315.7 319.9 324.2 347.0 116.2 122.5 123.2 125.0 129.6 129.8 129.7 139.4 National defense 200.5 221.5 220.8 220.3 231.6 233.9 241.1 253.1 84.7 89.6 89.6 89.1 92.7 92.7 94.3 98.7 Durable goods ...... 59.1 69.3 70.7 66.3 73.7 73.5 76.3 81.9 24.2 26.9 27.7 25.8 28.0 28.1 28.8 31.1 Nondurable goods 12.4 11.6 11.9 11.8 11.3 10.7 13.0 14.0 2.9 2.8 2.8 2.9 2.8 2.7 3.0 3.3 Services 124.4 135.7 133.7 136.8 145.3 145.1 146.2 151.3 55.5 57.8 57.1 58.2 59.8 60.0 60.2 61.9 Compensation of employees 73.1 77.9 77.8 78.1 78.4 81.1 81.5 81.9 34.6 35.0 35.0 35.0 35.1 35.1 35.2 35.3 Military.. .. . 43.6 46.7 46.7 46.8 47.0 48.7 48.9 49.1 20.2 20.6 20.6 20.6 20.6 20.6 20.6 20.7 Civilian 29.5 31.2 31.1 31.2 31.5 32.4 32.6 32.8 14.3 14.5 14.5 14.5 14.5 14.5 14.5 14.6 Other services 51.3 57.7 55.9 58.7 63.0 64.0 64.7 69.4 21.0 22.8 22.1 23.1 24.8 24.9 25.0 26.6 Structures 4.6 4.9 4.5 5.4 5.2 4.6 5.5 5.9 2.0 2.1 1.9 2.3 2.2 1.9 2.3 2.4 Nondefense 69.3 73.9 75.6 81.7 84.1 85.9 83.2 93.9 31.5 32.9 33.6 36.0 36.8 37.1 35.4 40.6 Durable goods 3.5 3.7 3.6 3.7 4.0 4.1 4.1 4.2 1.6 1.7 1.6 1.6 1.7 1.8 1.8 1.8 Nondurable goods -.2 .6 3.7 8.3 8.5 8.7 6.0 16.0 -.6 .4 1.6 3.5 3.6 3.9 2.3 7.4 Commodity Credit Corporation: Inventory change -5.9 -4.9 -1.9 3.0 2.0 3.8 .3 10.6 -2.4 -1.5 — 2 1.7 1.4 2.1 .2 5.3 Other nondurables 5.7 5.5 5.5 5.3 6.5 4.9 5.7 5.3 1.8 1.9 L7 1.8 2.2 1.8 2.1 2.1 Services 59.3 62.8 61.4 62.9 64.5 66.2 65.9 66.4 27.6 28.0 27.5 28.0 28.5 28.6 28.4 28.5 Compensation of employees 34.7 36.6 36.5 36.6 36.9 38.0 38.3 38.5 16.8 16.9 16.9 16.9 16.9 16.9 17.0 17.0 Other services 24.6 26.2 24.8 26.3 27.6 28.2 27.7 27.9 10.8 11.1 10.6 11.1 11.6 11.7 11.4 11.4 Structures 6.6 6.8 7.0 6.8 7.0 7.0 7.2 7.3 2.8 2.8 2.9 2.8 2.9 2.9 2.9 3.0 State and local 415.8 452.0 447.4 458.9 464.8 472.0 486.7 498.9 175.7 179.6 178.9 181.1 180.9 180.9 183.9 186.1 Durable goods 13.4 14.2 14.0 14.3 14.5 14.7 15.0 15.2 6.1 6.3 6.3 6.3 6.4 6.4 6.5 6.6 Nondurable goods 33.1 36.6 36.3 36.9 37.5 38.2 39.1 39.0 12.6 13.6 13.4 13.7 13.9 14.2 14.4 14.6 Services 329.0 356.7 352.9 360.6 367.2 375.0 382.5 390.2 139.7 141.2 140.8 141.5 142.0 142.6 143.1 143.7 Compensation of employees 241.4 260.7 258.3 263.0 267.8 273.3 278.3 283.4 105.7 105.7 105.8 105.9 106.2 106.5 106.6 106.8 Other services 87.6 96.0 94.6 97.6 99.3 101.7 104.2 106.7 34.0 35.2 34.9 35.4 35.7 36.1 36.6 37.0 Structures 40.3 44.6 44.2 47.2 45.7 44.1 50.1 54.6 17.3 18.5 18.4 19.5 18.6 17.7 19.8 21.2 October 1985 SURVEY OF CURRENT BUSINESS 13
Table 4.1-4.2.—Foreign Transactions in the National Income and Product Accounts in Current and Constant Dollars
Billions of dollars Billions of 1972 dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Receipts from foreigners 336.2 364.3 362.4 368.6 367.2 360.7 347.7 347.6 Exports of goods and services 336.2 364.3 362.4 368.6 367.2 360.7 347.7 347.6 139.5 146.0 144.7 147.4 147.1 143.7 137.9 138.1 Merchandise 198.6 219.2 217.7 219.8 224.2 222.6 213.4 211.2 76.7 82.1 80.6 82.1 85.0 84.4 80.6 80.3 Durable goods 114.0 126.9 125.6 128.1 130.0 133.6 131.9 131.3 41.7 45.4 44.9 45.6 46.4 47.6 46.8 46.6 Nondurable goods 84.6 92.4 92.1 91.8 94.2 89.0 81.5 79.9 35.0 36.7 35.7 36.5 38.6 36.8 33.8 33.7 Services 137.6 145.0 144.7 148.8 143.0 138.1 134.2 136.4 62.8 64.0 64.1 65.3 62.2 59.3 57.3 57.8 Factor income l 84.1 91.7 91.3 96.1 89.1 82.6 82.2 83.3 39.3 41.2 41.2 42.9 39.6 36.1 35.7 35.9 Other 53.5 53.3 53.4 52.7 53.8 55.5 52.0 53.1 23.5 22.8 22.9 22.4 22.6 23.2 21.6 21.9 Capital grants received by the United States (net) 0 0 0 0 0 0 0 0 Payments to foreigners 336.2 364.3 362.4 368.6 367.2 360.7 347.7 347.6 Imports of goods and services 344.4 428.5 421.1 459.3 423.2 435.2 441.6 436.7 126.9 161.1 156.2 174.4 160.5 172.1 171.8 172.1 Merchandise . 258.9 325.5 317.4 350.7 317.1 333.6 339.6 334.5 89.1 116.0 110.6 126.9 114.1 127.8 127.5 128.1 Durable goods 139.1 186.9 179.7 204.8 181.3 204.7 203.9 205.4 58.9 80.2 76.1 88.6 78.8 91.2 90.2 90.6 Nondurable goods. .... 119.9 138.6 137.7 145.9 135.8 128.9 135.7 129.1 30.2 35.8 34.5 38.3 35.2 36.6 37.3 37.4 Services ...... 85.5 103.0 103.7 108.6 106.1 101.6 102.0 102.3 37.8 45.1 45.6 47.5 46.4 44.3 44.2 44.0 Factor income * 35.8 48.1- 49.2 51.6 48.9 44.8 45.2 44.8 16.7 21.6 22.2 23.0 21.7 19.6 19.7 19.3 Other 49.7 54.9 54.5 57.0 57.1 56.7 56.8 57.5 21.1 23.5 23.4 24.5 24.7 24.7 24.6 24.7 Transfer payments (net) ... 8.0 9.6 7.4 8.8 14.6 9.0 9.6 8.6 From persons (net) 1.0 1.2 1.0 1.1 1.5 1.8 1.5 1.2 From government (net) . 7.0 8.4 6.4 7.7 13.1 7.2 8.2 7.4 Interest paid by government to foreigners 17.7 19.6 18.9 20.0 21.0 20.7 20.6 21.5 Net foreign investment. -339 -934 -85.0 -119.4 -91.6 -104.2 -124.3 -119.3
Tables 4.1-4.2: 1. Equals rest-of-the-world production as shown in tables 1.5-1.6.
Table 4.3-4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Current and Constant Dollars
Billions of dollars Billions of 1972 dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Merchandise exports 198.6 219.2 217.7 219.8 224.2 222.6 213.4 211.2 76.7 82.1 80.6 82.1 85.0 84.4 80.6 80.3 Foods feeds and beverages 31.1 31.5 30.5 29.5 31.5 27.7 23.9 22.0 13.7 13.5 12.5 12.8 14.4 12.9 11.2 10.6 Industrial supplies and materials 56.3 60.6 60.1 62.8 61.3 61.0 56.4 57.0 20.4 21.3 20.8 22.0 21.8 22.0 20.7 21.4 Durable goods 16.6 16.9 16.6 17.2 17.0 16.3 16.6 16.8 5.8 5.9 5.7 6.0 6.0 5.9 6.1 6.3 Nondurable goods 40.2 43.8 43.5 45.6 44.4 44.6 39.8 40.2 14.6 15.4 15.1 16.0 15.7 16.1 14.6 15.1 Capital goods except autos 68.3 73.1 72.5 73.5 75.1 79.6 75.2 73.8 25.9 27.2 27.0 27.3 27.7 29.2 27.5 27.0 Autos 18.3 22.4 21.1 23.4 22.6 23.9 25.0 25.6 5.6 6.6 6.2 6.9 6.6 7.0 7.2 7.4 Consumer goods 13.9 13.7 13.5 13.9 13.6 13.8 12.8 12.8 7.0 6.8 6.7 6.9 6.8 6.9 6.4 6.4 Durable goods 5.9 5.6 5.5 5.6 5.4 5.5 5.1 5.1 2.4 2.3 2.2 2.3 2.3 2.3 2.2 2.2 Nondurable goods 8.0 8.1 8.0 8.3 8.2 8.3 7.7 7.7 4.6 4.5 4.5 4.6 4.6 4.6 4.3 4.3 Other 10.6 17.9 20.0 16.7 20.1 16.7 20.1 20.0 4.1 6.7 7.4 6.2 7.6 6.3 7.6 7.6 Durable goods 5.3 8.9 10.0 8.3 10.0 8.3 10.0 10.0 2.0 3.3 3.7 3.1 3.8 3.2 3.8 3.8 Nondurable goods 5.3 8.9 10.0 8.3 10.0 8.3 10.0 10.0 2.0 3.3 3.7 3.1 3.8 3.2 3.8 3.8 Merchandise imports • • • 258.9 325.5 317.4 350.7 317.1 333.6 339.6 334.5 89.1 116.0 110.6 126.9 114.1 127.8 127.5 128.1 Foods feeds and beverages 18.2 21.2 20.3 22.9 20.7 22.8 21.4 22.0 7.6 8.7 8.2 9.3 8.6 9.6 9.1 9.5 Industrial supplies and materials, excluding petroleum 51.2 63.0 61.4 67.2 60.5 61.8 62.4 63.0 18.9 23.6 22.6 25.2 23.0 24.4 24.9 25.1 Durable goods . .... 26.4 33.3 32.5 35.2 31.3 33.1 32.0 32.2 9.7 12.5 12.0 13.2 11.9 13.0 12.8 12.9 Nondurable goods 24.8 29.7 28.9 32.0 29.2 28.7 30.4 30.8 9.2 11.1 10.7 12.0 11.1 11.3 12.1 12.3 Petroleum and products 53.8 57.3 59.6 57.9 56.4 44.8 52.4 44.3 4.9 5.3 5.5 5.4 5.3 4.3 5.1 4.4 Capital goods, except autos 41.0 60.3 56.3 69.3 58.2 65.3 63.4 63.2 20.4 30.7 28.3 35.4 30.2 34.8 33.8 33.7 Autos 42.0 55.5 55.2 59.2 54.4 61.1 64.9 66.0 13.7 17.6 17.5 18.7 17.2 19.3 20.4 20.6 Consumer goods 45.3 59.7 57.0 64.6 58.5 67.3 66.3 66.0 20.5 26.6 25.3 28.9 26.1 30.9 30.6 30.4 Durable goods . . 25.9 33.5 31.9 36.3 33.1 40.0 39.2 39.0 13.6 17.7 16.8 19.3 17.7 21.8 21.4 21.3 Nondurable goods 19.4 26.2 25.0 28.3 25.3 27.3 27.1 27.0 6.9 8.9 8.6 9.6 8.4 9.1 9.1 9.1 Other 7.4 8.3 7.6 9.5 8.4 10.5 8.9 10.0 3.0 3.4 3.1 3.9 3.5 4.5 3.8 4.3 Durable goods 3.7 4.2 3.9 4.7 4.2 5.3 4.4 5.0 1.5 1.7 1.6 2.0 1.8 2.3 1.9 2.1 Nondurable goods 3.7 4.2 3.8 4.7 4.2 5.3 4.4 5.0 1.5 1.7 1.6 2.0 1.8 2.3 1.9 2.1 Addenda: Exports: Agricultural products 36.6 38.1 37.0 36.0 38.5 34.2 29.1 26.3 16.1 16.1 15.0 15.2 17.3 15.6 13.4 12.4 Nonagricultural products 161.9 181.1 180.7 183.8 185.7 188.4 184.3 184.9 60.5 66.0 65.6 66.8 67.7 68.8 67.2 67.9 Imports of nonpetroleum products 205.1 268.1 257.8 292.8 260.7 288.8 287.2 290.2 84.2 110.6 105.1 121.5 108.8 123.5 122.5 123.7 14 SURVEY OF CURRENT BUSINESS October 1985
Table 5.1.—Gross Saving and Investment Table 5.10-5.11.—Inventories and Final Sales of Business in Current and Constant Dollars Billions of dollars Seasonally adjusted at annual rates Billions of dollars 1983 1984 1984 1985 Seasonally adjusted quarterly totals II III IV I II III" 1984 1985 II III IV I II III" Gross saving 437.2 551.8 551.0 556.4 556.0 550.7 532.6 l Gross private saving 571.7 674.8 660.2 689.4 698.2 662.1 696.3 Inventories 856.4 870.7 877.6 883.9 879.9 871.9 Personal saving 118.1 156.1 144.8 164.1 163.0 118.6 139.4 78.4 Farm 85.0 84.2 84.3 84.6 82.5 78.3 Undistributed corporate Nonfarm 771.4 786.5 793.3 799.4 797.3 793.6 profits with IVA and Durable goods . 435.1 445.2 453.2 460.9 460.7 457.5 CCAdj 76.5 115.4 115.3 118.4 120.8 122.5 129.3 Nondurable goods 336.3 341.3 340.2 338.5 336.7 336.1 Undistributed profits 54.5 65.4 70.2 60.3 58.0 52.5 51.8 IVA -11.2 -5.7 -7.3 -.2 -1.6 .9 2.5 6.0 Manufacturing 356.6 364.4 363.9 362.9 360.8 360.0 CCAdj 33.2 55.7 52.3 58.3 64.5 69.1 75.0 82.3 Durable goods 228.9 234.6 236.7 237.8 236.6 236.8 Nondurable goods 127.7 129.8 127.2 125.1 124.2 123.2 Capital consumption al- lowances with CCAdj: Wholesale trade 171.0 175.6 178.0 178.6 180.2 179.5 Corporate 231.2 246.2 244.1 248.1 252.8 257.4 261.6 266.7 Durable goods . 107.8 111.9 113.8 114.8 115.1 114.9 Noncorporate 145.9 157.0 156.0 158.8 161.5 163.7 166.1 171.7 Nondurable goods 63.2 63.7 64.2 63.9 65.1 64.6 Wage accruals less dis- Merchant wholesalers 141.4 145.9 147.8 149.2 151.1 151.0 bursements 0 0 0 0 0 0 0 0 Durable goods 91.9 95.6 97.3 98.2 98.6 98.4 Nondurable goods 49.5 50.3 50.5 51.0 52.5 52.6 Government surplus or Nonmerchant wholesalers 29.6 29.7 30.2 29.4 29.1 28.6 deficit (-), NIPA's -134.5 -122.9 -109.2 -133.0 -142.2 -111.4 -163.8 Durable goods 15.9 16.3 16.5 16.5 16.5 16.5 Federal -178.6 -175.8 -163.7 -180.6 -197.8 -165.1 -214.1 Nondurable goods 13.7 13.5 13.7 12.9 12.7 12.0 State and local 44.1 52.9 54.5 47.6 55.6 53.7 50.3 Retail trade 159.7 160.8 166.2 172.8 172.2 169.4 Capital grants received by Durable goods 71.9 72.0 76.1 81.4 80.9 77.3 the United States (net) 0 0 0 0 0 0 0 0 Nondurable goods 87.7 88.8 90.0 91.5 91.3 92.0 Other 84.1 85.7 85.3 85.0 84.1 84.7 Gross investment 437.7 544.4 542.0 543.4 546.1 542.6 518.9 503.5 2 Final sales 254.7 256.4 264.4 267.7 272.5 279.1 Gross private domestic in- Final sales of goods and structures 154.3 153.3 159.0 159.4 162.2 166.4 vestment 471.6 637.8 627.0 662.8 637.8 646.8 643.2 622.8 Net foreign investment -33.9 -93.4 -85.0 -119.4 -91.6 -104.2 -124.3 -119.3 Ratio* Inventories to final sales 3.36 3.40 3.32 3.30 3.23 3.12 Nonfarm inventories to final sales 3.03 3.07 3.00 2.99 2.93 2.84 Statistical discrepan- Nonfarm inventories to final sales of goods cy .5 74 -9.0 -13.0 9 9 8 1 13 7 and structures 5.00 5.13 4.99 5.01 4.92 4.77 Billions of 1972 dollars
l Table 5.8-5.9.—Change in Business Inventories by Industry in Current Inventories 349.4 357.1 361.3 366.1 368.1 367.6 and Constant Dollars Farm 40.6 41.7 42.9 43.7 44.6 44.6 Nonfarm 308.8 315.4 318.4 322.3 323.6 323.0 Billions of dollars Durable goods 182.0 186.4 189.4 192.6 193.1 191.8 Nondurable goods. 126.8 129.0 129.0 129.8 130.4 131.2 Seasonally adjusted at annual rates Manufacturing 141.6 144.9 144.9 145.4 145.5 145.7 1983 1984 1984 1985 Durable goods 95.3 97.9 98.6 99.2 99.4 99.4 Nondurable goods 46.4 47.0 46.2 46.2 46.1 46.3 II III IV I II III" Wholesale trade 67.9 70.3 71.3 71.9 72.8 72.9 Durable goods 44.0 45.8 46.5 46.9 47.0 46.9 Change in business invento- Nondurable goods 23.9 24.5 24.7 24.9 25.7 25.9 ries -13.5 58.2 50.6 71.8 36.6 40.7 17.9 8.1 Merchant wholesalers 57.2 59.4 60.3 61.0 61.9 62.1 Durable goods 37.3 39.0 39.6 39.9 40.1 40.0 Farm -10.4 8.6 3.5 8.1 9.4 6.6 6.5 .3 Nondurable goods 19.9 20.5 20.7 21.1 21.8 22.1 -3.1 49.6 47.0 63.7 27.2 34.1 11.4 8.4 Nonmerchant wholesalers 10.7 10.9 11.0 10.9 10.9 10.8 Change in book value 9.2 56.2 55.5 64.1 29.4 33.1 8.9 -14.7 1 Durable goods 6.7 6.9 7.0 7.0 7.0 7.0 IVA -12.3 -6.5 -8.4 -.3 -2.3 1.0 2.5 6.4 Nondurable goods 4.0 4.0 4.0 3.9 3.9 3.8 Manufacturing -9.4 22.2 35.5 32.4 -1.7 4.3 .8 .1 Retail trade 71.1 71.8 73.8 76.3 76.1 75.0 -7.3 17.1 23.3 24.4 6.5 4.8 .9 .2 Durable goods _ i Durable goods 31.6 31.8 33.4 35.3 35.3 33.9 Nondurable goods -2.2 5.1 12.1 8.1 -8.3 -.5 .3 Nondurable goods 39.5 40.0 40.4 41.0 40.8 41.1 Wholesale trade -2.4 14.0 14.2 21.2 10.2 3.9 8^3 -.2 Other 28.1 28.4 28.5 28.8 29.2 29.4 Durable goods -2.1 9.4 7.0 16.4 6.3 3.7 .5 1.3 2 Nondurable goods . -.3 4.5 7.2 4.8 3.9 .2 7.7 1.1 Final sales 116.2 115.7 118.4 118.4 119.9 121.8 Merchant wholesalers -1.2 11.5 10.7 20.0 7.8 6.9 8.3 1.7 Final sales of goods and structures 73.8 73.0 75.2 74.6 75.8 77.2 Durable goods -1.8 8.2 5.6 14.7 5.6 3.4 .7 1.4 Nondurable goods .7 3.3 5.2 5.3 2.2 3.5 7.7 3.0 Ratio: Inventories to final sales 3.01 3.09 3.05 3.09 3.07 3.02 Nonmerchant wholesalers -1.2 2.4 3.4 1.2 2.3 -3.0 0 -1.8 Nonfarm inventories to final sales 2.66 2.73 2.69 2.72 2.70 2.65 Durable goods -.3 1.2 1.4 1.7 .6 .3 -.1 .1 Nonfarm inventories to final sales of goods -.9 1.2 2.0 5 1.7 33 .1 -1.9 and structures 4.18 4.32 4.24 4.32 4.27 4.18 Retail trade 7.6 12.9 2.5 5.8 18.2 22.8 -2.1 -10.4 14.7 18.4 -.9 13.4 4.7 6.2 38 1.3 Table 5.10-5.11: Nondurable goods 2.9 6.7 6.3 4.6 3.5 4.5 -1.2 3.0 1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories Other 1.1 .6 -5.1 4.3 .5 3.1 4.4 2.3 calculated from current-dollar inventories in this table is not the current-dollar change in busi- Durable goods 2.5 -2.3 -8.2 -.4 .8 2.1 3.2 1.6 ness inventories (CBI) component of GNP. The former is the difference between two inventory Nondurable goods -1.4 2.9 3.1 4.6 1.3 1.0 1.2 .7 stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physi- Billions of 1972 dollars cal volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at quarter rates, whereas CBI is stated at annual rates. Quarter-to-quarter changes calculated from the constant-dollar inventories shown in this table are at quarterly Change in business invento- 2.1 rates, whereas the constant-dollar change in business inventories component of GNP is stated at ries . -3.6 24.8 20.3 30.6 16.8 19.1 8.3 annual rates. Farm 4.2 4.0 1.6 4.1 4.8 3.4 3.4 .2 2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of .6 20.9 18.7 26.5 12.0 15.7 4.9 -2.3 households and institutions, government, and rest-of-the-world and includes a small amount of final sales by farms. Manufacturing -3.5 9.0 13.8 13.0 .1 2.1 .5 .6 Durable goods 2.9 7.2 9.7 10.3 3.1 2.3 .7 .2 -.6 1.7 4.2 2.7 32 3 1 .4 Wholesale trade -.5 5.9 5.3 9.5 3.9 2.4 3.5 .4 Durable goods -.8 4.1 3.1 7.2 2.8 1.6 .4 .4 Nondurable goods .3 1.7 2.2 2.3 1.1 .8 3.1 .8 Merchant wholesalers -.2 5.1 4.1 8.8 3.5 2.8 3.5 .7 Durable goods -.7 3.6 2.5 6.5 2.5 1.4 .4 -.4 Nondurable goods .4 1.4 1.7 2.3 1.0 1.4 3.1 1.0 Nonmerchant wholesalers -.3 .8 1.2 .7 .4 -.4 0 _ 2 Durable goods -.1 .5 .6 .7 .3 .1 0 o' Nondurable goods -.2 .3 .6 0 .1 .6 .1 -.2 Retail trade 3.4 5.9 1.7 2.5 8.1 10.1 -1.0 -4.1 Durable goods 2.1 2.8 -1.3 .5 6.5 7.8 .2 5.6 Nondurable goods 1.3 3.2 3.0 2.0 1.6 2.2 -.7 1.5 Table 5.8-5.9: Other 1.2 .1 -2.1 1.5 .1 1.2 1.8 .8 1. The IVA shown in this table differs from that which adjusts business income. The IVA in Durable goods 1.1 -1.0 34 -.1 -.3 .9 1.3 .7 this table reflects the mix of methods (first-in-first-out, last-in-first-out, etc.) underlying book Nondurable goods .1 1.1 1.3 1.7 .5 .3 .5 .2 value inventories derived primarily from Census Bureau Statistics. The mix differs from that un- derlying business income derived primarily from Internal Revenue Service statistics. October 1985 SURVEY OF CURRENT BUSINESS 15
Table 6.4.—National Income Without Capital Consumption Adjustment Table 7.1.—Implicit Price Deflators for Gross National Product by Industry Index numbers, 1972=100 Billions of dollars Seasonally adjusted Seasonally adjusted at annual rates 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III" Gross national product 215.34 223.43 222.40 224.57 226.10 229.07 230.55 232.44 National income Personal consumption without CCAdj 2,651.9 2,940.8 2,929.6 2,963.6 3,008.3 3,042.1 3,065.1 expenditures 213.6 220.4 219.2 221.5 222.8 224.6 226.2 227.5 Durable goods .... 177.7 179.0 179.5 179.2 178.4 179.1 178.4 178.6 Domestic industries 2,603.6 2,897.2 2,887.5 2,919.0 2,968.1 3,004.4 3,028.2 Nondurable goods 213.0 217.7 216.4 217.8 219.4 220.1 221.2 221.8 Services. ... 226.0 237.6 236.0 239.7 242.0 245.2 248.1 251.0 Private industries 2,212.0 2,476.9 2,470.2 2,496.1 2,538.4 2,564.5 2,581.8 Gross private domestic Agriculture, forestry, investment and fisheries 60.9 76.2 70.9 75.6 78.4 75.2 73.5 Fixed investment 216.0 218.7 218.6 219.2 220.1 222.1 222.4 225.1 Mining 40.0 45.5 46.2 46.7 46.5 46.8 47.2 Nonresidential 206.4 207.8 207.4 208.0 209.4 211.8 212.1 214.8 Construction 112.3 126.8 127.2 128.3 129.7 135.8 138.9 Structures 263.7 264.5 264.1 265.2 265.9 268.1 271.0 274.0 Producers' durable equipment .. 183.3 186.0 185.4 186.5 187.6 189.2 189.1 191.8 Manufacturing 579.9 656.2 660.4 653.3 664.6 668.4 662.3 Residential 246.4 255.7 255.9 258.6 259.1 258.6 259.3 261.3 Durable goods 329.5 387.4 383.8 388.1 399.3 400.2 398.2 Nonfarm structures 249.4 259.0 259.2 262.1 262.7 262.2 262.9 264.9 Nondurable goods 250.4 268.8 276.6 265.1 265.3 268.2 264.1 Farm structures . 247.3 261.5 261.7 261.1 266.5 271.8 274.2 276.8 Producers' durable equipment .. 172.6 173.2 173.6 172.3 172.9 172.6 171.5 170.8 Transportation and Change in business inventories public utilities 212.9 234.5 234.1 238.0 239.7 242.4 241.4 Transportation 87.7 99.3 99.1 101.3 101.6 103.0 103.4 Net exports of goods and Communication 60.1 64.7 65.0 65.7 65.1 65.7 66.2 services Electric, gas, and Exports 241.0 249.4 250.4 250.1 249.6 251.0 252.0 251.7 sanitary services 64.3 70.6 70.0 71.0 73.0 73.7 71.8 Imports 271.5 266.0 269.6 263.3 263.7 252.8 257.1 253.8 Wholesale trade 161.2 186.9 184.4 190.8 195.0 195.2 197.1 Government purchases of Retail trade 225.2 244.7 246.6 245.1 250.8 252.9 257.6 goods and services 234.9 247.4 246.2 248.6 251.4 254.8 258.6 259.9 Finance, insurance, and Federal 232.1 241.2 240.6 241.5 243.7 246.4 250.1 249.0 real estate 394.0 433.9 432.4 441.5 446.1 448.4 452.5 National defense 236.6 247.2 246.4 247.4 249.8 252.4 255.6 256.4 Services 426.6 472.2 468.0 476.9 487.6 499.5 511.3 Nondefense 220.0 224.7 225.1 227.1 228.2 231.5 235.2 231.1 State and local 236.7 251.7 250.0 253.5 256.9 260.9 264.7 268.1 Government and govern- ment enterprises 391.7 420.4 417.3 422.9 429.7 439.9 446.4 Rest of the world 48.3 43.6 42.1 44.5 40.2 37.7 37.0 38.5
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product, Table 6.20.—Corporate Profits by Industry 1972 Weights
Billions of dollars Index numbers, 1972=100 Seasonally adjusted at annual rates Seasonally adjusted 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II IIIp II III IV I II III"
Corporate profits Gross national product .... 223.8 233.4 232.8 235.1 237.2 239.7 242.1 243.8 with IVA and CCAdj 225.2 285.7 291.1 282.8 291.6 292.3 298.5 Personal consumption expenditures 222.4 231.1 230.0 232.2 234.5 236.4 238.8 240.1 Domestic industries 200.4 262.7 269.8 258.5 270.9 271.6 275.8 Durable goods 185.0 188.9 188.8 189.1 189.8 191.1 191.2 191.2 Financial 29.4 28.1 29.1 26.9 27.5 28.4 33.9 Nondurable goods 223.2 229.7 228.8 229.6 231.7 232.4 234.5 234.6 Nonfinancial 171.0 234.7 240.8 231.6 243.4 243.2 241.9 Services 234.3 246.9 245.2 249.4 252.3 255.5 258.9 262.0 Rest of the world 24.8 23.0 21.3 24.3 20.7 20.7 22.8 Gross private domestic Corporate profits with IVA 192.0 230.0 238.7 224.5 227.1 223.2 223.5 Fixed investment 234.5 240.6 242.2 244.0 244.9 245.6 247.0 249.0 Nonresidential 230.4 234.9 234.7 236.1 237.1 238.7 240.4 242.4 Domestic industries 167.2 207.1 217.5 200.2 206.4 202.5 200.8 Structures 249.8 255.4 255.3 256.2 257.6 259.9 262.6 265.0 Producers' durable equipment .. 219.3 223.0 222.8 224.5 225.4 226.5 227.7 229.5 Financial 29.6 27.8 28.9 26.6 27.1 28.0 33.2 Residential 242.3 251.7 256.4 259.0 259.7 258.7 259.6 261.5 Federal Reserve banks- 14.8 16.7 16.4 17.1 17.5 16.9 17.2 Other 14.8 11.1 12.5 9.5 9.6 11.1 16.0 Net exports of goods and Nonfinancial 137.6 179.2 188.6 173.6 179.3 174.6 167.5 Manufacturing 65.2 85.5 92.3 78.3 81.6 77.9 72.3 Exports 248.0 254.8 257.2 256.3 255.3 255.4 255.8 255.0 Durable goods 11.9 29.0 27.6 26.4 31.7 27.2 25.7 Imports 299.9 299.0 302.1 299.3 297.0 292.2 291.7 289.9 Primary metal in- dustries -2.3 .4 .6 .3 .5 .7 0 Government purchases of Fabricated metal goods and services 236.5 249.2 248.2 250.6 252.9 257.2 259.9 262.4 products 3.5 6.1 6.0 5.7 7.5 6.2 6.1 Federal 236.7 246.5 246.4 247.3 247.9 252.8 253.5 254.5 Machinery, except National defense 242.3 252.6 252.9 253.4 253.8 258.5 259.5 260.5 electrical 2.0 5.0 6.2 4.8 5.3 4.6 6.0 Nondefense 222.3 230.7 230.0 231.6 232.7 238.2 238.2 239.1 Electric and elec- State and local 236.4 251.0 249.4 252.8 256.2 260.1 264.1 267.7 tronic equipment .. .9 2.8 1.9 3.1 3.6 2.9 2.8 Motor vehicles and Addenda: equipment 7.4 9.8 7.9 7.6 8.9 8.6 6.7 Gross domestic purchases1 227.2 236.3 235.7 237.9 239.9 242.1 244.4 246.1 Other .4 4.9 5.2 4.9 6.0 4.2 4.0 Final sales 223.8 233.5 232.9 235.2 237.3 239.9 242.3 244.0 Final sales to domestic purchas- Nondurable goods 53.4 56.5 64.7 51.9 49.8 50.8 46.6 ers * 227.3 236.4 235.8 238.0 240.1 242.3 244.6 246.3 Food and kindred products 6.6 7.0 7.8 6.7 5.6 6.3 6.7 Personal consumption expendi- Chemicals and tures food 221.8 230.9 229.5 230.9 232.7 234.2 233.9 234.2 allied products 6.8 8.2 9.5 7.8 6.5 6.4 5.8 Personal consumption expendi- Petroleum and coal tures energy 365.0 368.3 369.1 367.9 369.4 365.2 376.0 372.6 products 23.5 22.7 27.9 19.3 19.9 19.8 16.7 Other personal consumption ex- Other 16.5 18.7 19.5 18.2 17.9 18.4 17.4 penditures 209.4 218.5 217.3 220.1 222.5 225.1 227.5 229.6 Transportation and Gross domestic product 224.3 233.9 233.0 235.3 237.4 240.0 242.4 244.1 public utilities 22.5 27.7 28.3 27.1 28.1 29.0 26.6 Business 223.5 232.4 231.6 233.9 236.0 238.1 240.3 241.8 Wholesale and retail Nonfarm 2246 trade 33.4 45.9 47.0 46.8 49.4 45.5 46.8 Other 16.4 20.2 21.0 21.5 20.3 22.1 21.8 Table 7.1-7.2: Rest of the world 24.8 23.0 21.3 24.3 20.7 20.7 22.8 1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic pur- chasers equals final sales less exports plus imports. 16 SURVEY OF CURRENT BUSINESS October 1985
Table 7.3.—Implicit Price Deflators for Gross National Product by Table 7.7.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar Major Type of Product Gross Domestic Product of Nonfmancial Corporate Business
Index numbers, 1972=100 Dollars Seasonally adjusted Seasonally adjusted 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II HI IV I II III"
Gross national product 215.34 223.43 222.40 224.57 226.10 229.07 230.55 232.44 Current-dollar cost and profit per unit of constant-dollar gross domestic Final sales 215.7 223.3 222.1 224.4 226.2 229.3 230.6 232.6 product ! 2.139 2.203 2.192 2.213 2.228 2.256 2.271 Change in business inventories Capital consumption allowances with CCAdj .243 .237 .234 .238 .239 .243 .245 Goods 196.9 201.8 201.3 202.0 202.8 204.9 204.5 205.2 Net domestic product • 1.896 1.966 1.958 1.976 1.989 2.014 2.026 Indirect business tax and nontax liability Final sales 197.8 200.7 200.0 200.7 202.5 204.7 204.4 205.7 plus business transfer payments less sub- Change in business inventories sidies .219 .220 .218 .221 .222 .226 .232 1.677 1.747 1.740 1.754 1.767 1.788 1.794 Durable goods 187.8 192.0 190.9 192.4 193.5 195.2 193.2 193.5 Compensation of employees 1.409 1.425 1.414 1.434 1.438 1.462 1.473 "••••"• Final sales 188.3 190.4 190.0 190.1 192.5 193.9 193.3 194.3 Corporate profits with Change in business inventories IVA and CCAdj .191 .240 .246 .236 .245 .245 .242 Nondurable goods 203.7 209.8 209.6 209.7 210.7 212.8 213.8 214.8 Profits tax liability .065 .073 .079 .066 .069 .067 .064 Final sales 204.9 209.0 208.0 208.9 210.7 213.3 213.6 215.2 Profits after tax with IVA and CCAdj .... .126 .167 .167 .171 .176 .178 .179 Change in business inventories Net interest .077 .081 .081 .084 .083 .082 .079 Services 226.7 239.3 237.8 241.3 243.9 247.7 250.7 253.6 Structures 252.0 258.1 257.9 259.7 260.9 262.4 264.4 267.0 Addenda: Table 7.8.—Implicit Price Deflators for Auto Output Gross domestic purchases 1 217.7 225.3 224.4 226.4 227.6 229.6 231.5 233.0 Final sales to domestic purchas- ers J 218.0 225.1 224.1 226.2 227.7 229.8 231.6 233.2 Index numbers, 1972=100 Seasonally adjusted 1983 1984 1984 1985 Table 7.4.—Implicit Price Deflators for Gross National Product by II III IV I II III" Sector Auto output 177.8 183.0 181.5 181.9 184.7 189.2 182.2 179.9 Gross national product 215.34 223.43 222.40 224.57 226.10 22907 23055 23244 Final sales 178.4 182.5 181.5 181.7 185.2 184.2 183.0 182.9 Gross domestic product 215.4 223.4 222.4 224.6 226.1 229.1 2306 2324 Personal consumption expenditures 203.6 211.1 210.5 212.9 212.6 214.6 214.2 209.6 Business 2134 2207 2197 2218 2232 2259 227 1 2289 New autos 182.4 187.0 186.0 186.8 189.2 191.5 192.5 192.9 Nonfarm 214.2 221.3 220.1 222.5 224.2 2272 2288 2309 Net purchases of used autos Nonfarm less housing 2153 2218 2207 2229 2244 2275 2289 2308 Producers' durable equipment ... 139.6 147.7 145.1 148.8 149.9 154.1 155.5 158.5 Housing 205.4 217.2 215.3 219.1 222.3 2250 2284 2324 New autos 182.7 187.7 186.8 187.9 189.6 191.9 192.8 193.3 Farm 1820 1989 2056 1996 1901 1815 1691 1605 Net purchases of used autos Statistical discrepancy 2134 2207 2197 2218 2232 2259 2271 2289 Net exports Exports 183.4 190.8 190.0 190.9 189.8 197.6 194.8 196.0 Households and institu- Imports 241.8 248.9 249.8 250.8 248.3 260.7 263.6 261.5 tions 246.4 258.1 257.3 2594 261.2 2637 2672 2691 Government purchases 157.1 135.3 126.2 131.6 133.0 132.1 130.4 148.6 Private households 2339 2365 2361 2365 2371 2381 2389 239 1 Change in business inventories Nonprofit institutions 247.3 259.8 258.9 261.2 263.1 2657 2694 2720 Addenda: Government 2224 2375 2361 2389 2421 2475 2508 2539 Domestic output of new autos * 182.6 187.6 186.6 187.7 189.3 192.3 193.6 192.9 Federal 209.9 220.6 220.3 2207 221.8 2288 2295 2302 Sales of imported new autos 2 182.5 186.7 185.7 186.6 188.8 191.0 192.1 192.5 State and local ... 2285 2458 2439 2478 2520 2567 2612 2655 Rest of the world 214.2 222.6 221.5 223.8 225.4 2286 2301 2320 Addendum: Gross domestic business product Table 7.9.—Implicit Price Deflators for Truck Output less housing
Truck output l 217.1 229.0 227.4 232.1 231.1 2320 2346 2354 Final sales 217.1 228.3 227.6 230.7 230.9 2319 2349 2342 Table 7.5.—Implicit Price Deflators for the Relation of Gross National Personal consumption expenditures 182.6 187.7 186.7 187.4 189.9 192 2 193 2 193 6 Producers' durable equipment 242.9 253.2 2528 2561 2548 2579 2606 2634 Product, Net National Product, and National Income Net exports Exports 2431 2530 2528 2560 2548 257 9 260 5 263 5 Gross national product 215.34 223.43 222.40 224.57 226.10 22907 23055 23244 Imports 2156 2209 221 8 217 7 228 8 222 1 222 0 217 5 Government purchases 2430 2527 2528 2561 2548 2579 2606 2634 Less: Capital consumption allow- Change in business inventories ances with CCAdj 2244 2302 2298 231 1 2322 233 3 234 3 2360 Equals: Net national product 214.2 222.6 221.5 223.8 225.4 228.6 230.1 232.0 Less: Indirect business tax and nontax Table 7.11.—Implicit Price Deflators for Personal Consumption liability plus business transfer Expenditures by Major Type of Product payments less subsidies plus current surplus of government Personal consumption expenditures enterprises 184 7 193 2 1943 198 5 198 7 199 0 204 8 208 2 213.6 220.4 219.2 221.5 222.8 224.6 226.2 227.5 Durable goods Statistical discrepancy 2134 2207 2197 2218 2232 2259 177 7 1790 1795 1792 1784 179 1 178 4 178 6 227 1 Motor vehicles and parts 1941 1977 1974 1985 1985 2004 2004 198 5 Furniture and household equipment Equals: National income 217.9 226.2 2248 2268 2286 233 2 1581 1565 1574 156 1 1550 154 4 153 1 1523 232 1 Other 1858 1889 1890 1897 1890 190 1 190 8 192 6
Table 7.3: Nondurable goods.. 2130 217 7 2164 217 8 219 4 220 1 221 2 221 8 Food 2205 2294 228*4 2293 231 0 2324 232 1 2326 1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic pur- Clothing and shoes 1436 1453 1436 1452 147 8 148 6 149 5 148 7 chasers equals final sales less exports plus imports. Gasoline and oil 3449 3394 3425 334 6 3400 334 1 3504 347 1 Table 7.7: Other nondurable goods 2308 2368 2356 238 2 238 1 2396 240 8 243 2 1. Equals the deflator for gross domestic product of nonfinancial corporate business with the Fuel oil and coal 5312 5433 5496 538 1 5350 521 0 533 2 516 5 decimal point shifted two places to the left. Other 213 6 2204 2188 222 2 223 1 2259 227 7 230 1 Table 7.8: Services 2260 237 6 236 0 2397 242 o 245 2 248 1 251 0 1. Consists of final sales and change in business inventories of new autos produced in the Housing 212 1 2239 221 9 2259 2293 231 9 235 4 239 4 United States. Household operation 2400 2530 251 1 257 3 2553 257 6 257 6 260 7 2. Consists of personal consumption expenditures, producers' durable equipment, and govern- Electricity and gas 3262 3412 3367 3509 3440 347 0 347 5 351 1 ment purchases. Other .. 1852 197 1 1956 1982 2003 201 4 204 3 208 4 Transportation 2289 2393 2372 2406 2449 250 1 2505 251 8 Table 7.9: Other 2327 244 0 2428 2456 248 0 251 6 255 2 257 4 1. Includes new trucks only. October 1985 SURVEY OF CURRENT BUSINESS 17
Table 7.14B.—Implicit Price Deflators for Government Purchases of Table 7.17.—Implicit Price Deflators for Merchandise Exports and Goods and Services by Type Imports by Type of Product and by End-Use Category
Index numbers, 1972=100 Index numbers, 1972 = 100 Seasonally adjusted Seasonally adjusted 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Government purchases of Merchandise exports 258.9 267.1 270.0 267.9 263.9 263.7 264.7 262.9 goods and services 234.9 247.4 246.2 248.6 251.4 254.8 258.6 259.9 Foods feeds and beverages 226.7 233.9 244.8 231.3 218.3 215.1 214.3 207.9 Federal 232.1 241.2 240.6 241.5 243.7 246.4 250.1 249.0 Industrial supplies and materials 276.1 284.7 288.9 285.3 281.9 276.8 272.8 266.3 National defense 236.6 247.2 246.4 247.4 249.8 252.4 255.6 256.4 Durable goods 276.2 284.6 289.0 285.2 281.9 276.7 272.7 266.3 Durable goods 243.7 257.7 255.0 257.5 263.6 261.6 264.7 263.0 Nondurable goods 276.1 284.7 288.9 285.3 281.9 276.8 272.8 266.3 Nondurable goods 426.7 417.5 425.3 411.9 410.9 397.8 430.1 425.5 Services 224.0 234.6 234.0 235.2 236.3 242.0 243.1 244.5 Capital goods except autos 263.9 269.0 268.4 269.7 271.2 272.2 273.0 273.7 Compensation of Autos 328.1 338.9 338.9 340.2 340.2 341.8 346.7 348.0 employees 211.5 222.5 222.2 222.7 223.7 231.1 231.7 232.3 Consumer goods 198.8 200.8 201.3 200.9 199.6 198.8 199.3 199.3 Military 215.4 227.3 227.0 227.6 228.2 236.5 237.0 237.5 Durable goods 250.0 242.8 245.3 241.4 238.9 235.9 235.5 235.7 Civilian .. 205.9 215.8 215.4 215.8 217.2 223.3 224.2 224.9 Nondurable goods 172.5 179.3 179.3 180.6 180.3 180.1 180.8 180.8 Other services 244.7 253.0 252.6 254.2 254.3 257.4 259.1 260.7 Other 259.0 267.1 270.1 267.8 263.8 263.7 264.7 262.9 Structures . 224.7 235.0 234.2 236.5 238.8 238.6 240.5 243.6 Durable goods 259.0 267.1 270.1 267.8 263.9 263.7 264.7 262.8 Nondurable goods 259.0 267.1 270.1 267.8 263.8 263.7 264.7 263.0 Nondefense. 220.0 224.7 225.1 227.1 228.2 231.5 235.2 231.1 Durable goods 215.8 223.0 222.5 224.2 226.1 229.1 229.4 230.6 Merchandise imports 290.6 280.7 287.0 276.3 278.0 261.0 266.3 261.2 Nondurable goods Commodity Credit Corpo- Foods, feeds, and beverages 237.8 244.2 247.8 247.8 239.4 237.6 234.2 231.5 ration inventory change Industrial supplies and Other nondurables 309.1 292.3 318.7 297.3 292.4 274.2 271.9 258.0 materials, excluding Services ... 215.1 224.2 223.4 224.6 226.2 231.1 232.0 233.1 petroleum 270.9 267.5 271.2 266.2 262.8 253.4 251.1 250.5 Compensation of Durable goods 271.0 267.5 271.0 266.1 262.7 253.3 251.1 250.5 employees 206.7 216.6 216.3 216.7 218.0 224.2 225.1 225.9 Nondurable goods 270.8 267.4 271.4 266.4 262.9 253.5 251.2 250.5 Other services 228.1 235.8 234.7 236.8 238.1 241.2 242.3 243.8 Petroleum and products 1,093.6 1,072.3 1,083.9 1,068.2 1,059.2 1,034.5 1,035.0 1,003.0 Structures 233.4 239.2 238.7 239.5 241.8 244.3 246.6 248.4 Capital goods except autos 200.9 196.7 198.7 195.7 192.5 187.5 187.5 187.5 Autos.. 306.5 315.5 315.9 316.1 316.6 316.8 318.6 320.0 State and local 236.7 251.7 250.0 253.5 256.9 260.9 264.7 268.1 Consumer goods 221.4 224.1 224.7 223.8 223.7 217.8 216.9 217.1 Durable goods 219.1 225.3 224.4 226.1 227.2 228.6 229.8 230.6 Durable goods 191.3 189.0 190.5 188.3 186.9 183.4 182.8 183.0 Nondurable goods 262.8 269.5 270.1 269.2 269.4 269.3 270.7 267.0 Nondurable goods 280.4 293.7 291.5 295.2 301.1 300.0 296.9 297.0 Services 235.5 252.6 250.6 254.8 258.5 263.0 267.2 271.4 Other 243.7 242.2 245.1 240.9 239.7 233.8 234.7 234.8 Compensation of employees- 228.5 245.8 243.9 247.8 252.0 256.7 261.2 265.5 Durable goods . ... 243.7 242.2 245.1 240.9 239.9 233.9 234.7 234.6 Other services » 257.5 273.0 270.8 275.7 278.1 281.6 285.0 288.6 Nondurable goods 243.7 242.2 245.1 240.9 239.6 233.7 234.7 234.9 Structures 233.0 241.1 239.9 242.0 245.2 248.8 253.2 257.6 Addenda: Exports: Agricultural products 227.0 236.9 246.9 236.2 222.8 219.4 217.9 210.9 Nonagricultural products 267.5 274.4 275.3 275.1 274.4 273.8 274.1 272.4 Imports of nonpetroleum Table 7.16.—Implicit Price Deflators for Exports and Imports of Goods products 243.7 242.4 245.3 241.0 239.7 233.9 234.5 234.7 and Services Table 7.21.—Implicit Price Deflators for Inventories and Final Sales of Index numbers, 1972 = 100 Business Seasonally adjusted 1983 1984 1984 1985 Index numbers, 1972 = 100 II III IV I II III" Seasonally adjusted 1983 1984 1984 1985 Exports of goods and services 241.0 249.4 250.4 250.1 249.6 251.0 252.0 251.7 II III IV I II III" Merchandise 258.9 267.1 270.0 267.9 263.9 263.7 264.7 262.9 Durable goods 273.2 279.8 279.8 280.8 280.3 280.6 281.9 281.8 l 241.5 239.0 237.2 Nondurable goods 242.0 251.4 257.8 251.7 244.2 241.9 241.0 236.8 Inventories 245.1 243.8 242.9 175.5 226.8 225.7 230.0 232.9 234.2 236.1 Farm 209.1 202.0 196.6 193.4 185.1 Services. 219.2 227.9 Nonfarm 249.8 249.4 249.2 248.0 246.4 245.7 Factor income 214.3 222.6 221.5 223.8 225.4 228.6 230.1 232.0 239.3 238.5 238.5 227.3 234.4 233.1 235.7 238.0 239.7 241.0 242.8 Durable goods 239.1 238.8 239.2 Other Nondurable goods 265.2 264.6 263.7 260.8 258.1 256.3 263.7 252.8 257.1 253.8 Imports of goods and services 271.5 266.0 269.6 263.3 Manufacturing 251.7 251.5 251.2 249.6 247.9 247.1 Durable goods 240.2 239.8 240.0 239.7 238.1 238.2 Merchandise 290.6 280.7 287.0 276.3 278.0 261.0 266.3 261.2 275.4 275.1 270.8 269.1 266.3 Durable goods 235.9 233.1 236.1 231.0 230.0 224.4 226.0 226.6 Nondurable goods .... 275.9 Nondurable goods 397.5 387.4 399.2 381.3 385.4 352.1 363.7 344.7 Wholesale trade 251.7 249.8 249.7 248.5 247.7 246.4 244.5 244.7 244.7 228.4 227.6 228.5 229.3 230.7 232.4 Durable goods 244.7 244.1 244.4 Services 226.3 228.6 Nondurable goods .... 264.7 260.5 259.5 256.0 253.1 249.3 Factor income 214.4 222.7 221.5 223.8 225.4 228.6 230.1 232.0 244.6 244.1 243.3 233.6 233.3 233.1 231.3 229.9 231.2 232.8 Merchant wholesalers 247.0 245.5 245.0 Other 235.7 Durable goods 246.0 245.5 245.7 245.9 246.2 246.2 248.9 245.5 243.7 242.1 240.2 238.0 Nonmerchant wholesalers .... 276.6 273.4 275.2 270.8 267.9 264.1 Durable goods 236.9 236.3 237.3 236.8 235.8 236.4 Nondurable goods 343.2 337.3 340.7 332.1 325.7 314.6 Retail trade 224.4 224.1 225.2 226.5 226.4 225.7 Durable goods 227.4 226.6 228.0 230.2 229.4 228.3 Nondurable goods 222.1 222.0 222.8 223.3 223.9 223.7 Other 299.9 301.2 299.7 295.4 288.1 288.0 Final sales 2 219.3 221.5 223.2 226.1 227.2 229.1 Final sales of goods and struc- tures 209.1 210.1 211.6 213.8 214.0 215.4
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. 18 SURVEY OF CURRENT BUSINESS October 1985
Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflators, and Price Indexes Percent Percent at annual rates Percent Percent at annual rates Seasonally adjusted Seasonally adjusted 1983 1984 1984 1985 1983 1984 1984 1985 II III IV I II III" II III IV I II III"
Gross national product: Government purchases of goods Current dollars 7.7 10.8 10.7 5.6 7.1 5.6 4.5 6.7 and services: 1972 dollars 3.7 6.8 7.1 1.6 4.3 .3 1.9 3.3 Current dollars 5.4 9.0 24.3 9.6 10.7 5.9 10.0 18.4 Implicit price deflator 3.8 3.8 3.3 3.9 2.8 5.4 2.6 3.3 1972 dollars . -.3 3.5 18.6 5.4 5.9 .3 3.7 16.1 Chain price index .. . 4.3 4.2 4.1 3.9 3.6 4.6 3.8 2.9 5.7 5.4 4.8 4.0 4.5 5.6 6.1 2.0 Fixed- weighted price index 4.2 4.3 4.3 4.0 3.6 4.3 3.9 2.9 Chain price deflator 5.4 5.5 5.2 4.1 3.5 6.7 4.0 3.9 Fixed-weighted price index 4.8 5.4 5.4 3.9 3.7 7.0 4.2 4.0 Personal consumption expenditures: Federal: Current dollars 8.6 8.6 10.2 5.0 6.1 8.6 7.8 7.2 Current dollars 4.2 9.5 50.5 7.8 19.4 5.4 5.6 31.2 1972 dollars 4.8 5.3 7.9 .7 3.6 5.2 4.8 4.8 1972 dollars -.6 5.4 45.2 6.2 15.2 .7 4 33.4 Implicit price deflator 3.7 3.2 2.2 4.3 2.4 3.2 2.9 2.2 Implicit price deflator 4.8 3.9 3.7 1.5 3.6 4.6 6.0 17 Chain price index 4.1 3.9 3.3 3.9 3.8 3.6 4.0 2.5 Chain price index 4.2 4.3 3.7 1.6 .7 7.4 1.0 1.7 Fixed-weighted price index 4.0 3.9 3.1 4.0 3.9 3.3 4.1 2.3 Fixed-weighted price index 3.5 4.1 3.8 1.4 .9 8.2 1.1 1.6 Durable goods: National Defense: Current dollars 14.1 13.9 13.1 -4.2 11.9 10.9 5.3 20.8 11.7 10.5 14.7 g 22.1 4.0 12.8 21.5 1972 dollars 12.1 13.1 12.0 -3.6 14.1 9.2 6.8 20.5 1972 dollars 7.1 5.8 12.2 -2.3 17.5 -.2 7.2 20.1 Implicit price deflators 1.8 .7 1.1 -.6 -1.9 1.6 -1.4 .3 Implicit price deflator 4.2 4.5 2.2 1.5 4.0 4.2 5.2 1.2 Chain price index 2.2 1.6 1.8 .1 1.2 2.7 .1 -.5 4.3 4.5 4.6 1.4 .2 7.4 1.5 1.9 Fixed-weighted price Fixed-weighted price index 3.5 4.3 4.3 .9 .6 7.6 1.5 1.6 index 2.5 2.1 2.4 .7 1.5 2.8 .3 Nondefense: Nondurable goods: Current dollars 128 6.7 277.9 36.5 12.1 9.2 -12.3 62.6 Current dollars 5.8 6.9 8.4 1.5 2.4 5.1 6.8 1.7 1972 dollars -16.9 4.5 217.5 31.7 9.9 3.1 17.7 74.4 1972 dollars 3.7* 4.6 10.3 -1.2 -.5 3.7 4.7 .6 Implicit price deflator 4.9 2.1 19.0 3.6 2.0 5.9 6.5 -6.8 Implicit price deflator 2.1 2.2 -1.7 2.7 2.8 1.3 2.0 1.0 Chain price index 4.1 3.8 .6 2.3 2.1 7.6 -.4 1.2 Chain price index 2.2 2.9 .2 1.9 3.9 1.7 3.2 .2 Fixed-weighted price Fixed-weighted price index 3.4 3.8 2.6 2.8 1.9 9.9 1 1.6 index 2.0 2.9 -.1 1.5 3.7 1.3 3.7 State and local: Services: Current dollars . 6.2 8.7 10.0 10.7 5.2 6.3 13.0 10.5 Current dollars 9.4 8.5 10.9 10.5 7.3 10.6 9.2 7.6 1972 dollars .0 2.2 3.7 4.8 -.2 0 6.7 5.0 1972 dollars 3.4 3.2 4.6 3.8 3.3 5.0 4.2 2.7 Implicit price deflator 6.2 6.4 6.0 5.6 5.5 6.3 6.0 5.2 Implicit price deflator 5.8 5.1 6.0 6.4 3.9 5.4 4.8 4.8 Chain price index 6.2 6.3 6.1 5.7 5.4 6.2 6.1 5.3 Chain price index 6.1 5.3 6.1 6.5 4.5 5.2 5.6 5.0 Fixed-weighted price Fixed-weighted price index 5.7 6.2 6.4 5.6 5.5 6.2 5.4 6.2 7.0 4.7 5.1 5.5 4.8 6.2 6.3 5.5 Addenda: Gross private domestic investment: Gross domestic purchases: Current dollars 13.7 35.2 2.0 24.9 -14.3 5.8 -2.2 -12.1 8.6 12.5 11.4 9.1 3.2 7.6 6.5 6.0 1972 dollars 13.7 31.2 -2.2 24.9 -13.1 3.1 -3.5 -14.9 1972 dollars 5.0 8.7 7.9 5.4 .9 3.9 3.2 3.2 Implicit price deflator Implicit price deflator 3.5 3.5 3.3 3.5 2.3 3.5 3.3 2.7 Chain price index 3.9 4.0 3.8 3.6 3.3 3.9 3.6 2.8 Fixed- weighted price index Fixed-weighted price index 3.7 4.0 4.1 3.8 3.4 3.7 3.8 2.8 Fixed investment: Current dollars 10.0 19.5 20.6 10.6 7.0 3.4 13.3 3.6 Final sales: 1972 dollars 9.7 18.0 16.2 9.3 5.3 -.1 12.7 1 4 Current dollars 7.2 8.6 13.8 3.2 11.4 5.2 7.1 9.6 Implicit price deflator .3 1.3 3.8 1.2 1.7 3.5 .5 5.1 1972 dollars 3.2 5.0 10.3 1.0 7.9 -.3 4.6 5.9 Chain price index .5 1.9 4.5 2.6 1.6 1.5 2.2 3.0 Implicit price deflator 3.9 3.5 3.2 4.2 3.3 5.6 2.4 3.5 Fixed-weighted price Chain price index 4.3 4.2 4.1 4.1 3.7 4.7 3.9 3.0 index 1.4 2.6 6.1 3.1 1.5 1.1 2.4 3.2 Fixed-weighted price index 4.2 4.3 4.3 4.1 3.7 4.4 4.0 3.0 Nonresidential: Final sales to domestic pur- Current dollars .9 20.6 23.9 14.9 11.5 3.0 15.3 .1 chasers: 1972 dollars 2.5 19.8 21.3 13.7 8.5 -1.6 14.5 -4.7 Current dollars 8.1 10.3 14.5 6.8 7.2 7.2 9.1 8.8 Implicit price deflator . -1.5 .7 2.2 1.1 2.7 4.6 .7 5.0 1972 dollars 4.4 6.8 11.1 2.9 4.3 3.4 5.9 5.8 Chain price index 1.1 1.2 2.2 2.1 1.7 2.4 2.6 3.0 Implicit price deflator 3.5 3.3 3.1 3.8 2.7 3.7 3.1 2.9 Fixed-weighted price Chain price index 3.9 4.0 3.9 3.7 3.4 3.9 3.7 2.9 index 2.0 1.9 3.0 2.4 1.8 2.6 3.0 3.4 Fixed- weighted price index 3.7 4.0 4.1 3.8 3.5 3.8 3.9 2.8 Structures: Current dollars -8.7 16.0 24.1 3.8 18.3 13.2 13.8 -3.4 Gross domestic product: 1Q79 rJnlloi-o -7.8 15.6 21.3 2.0 17.2 9.5 9.2 -7.7 Current dollars 7.8 11.1 11.5 5.4 7.7 6.0 4.7 6.6 Implicit price defla- 1972 dollars 3.8 7.1 7.9 1.4 4.8 .6 2.0 3.2 tor 1 0 .3 2.3 1.8 1.0 3.4 4.3 4.6 Implicit price deflator 3.8 3.8 3.3 3.9 2.8 5.4 2.6 3.3 Chain price index -.6 1.3 4.8 1.2 2.1 3.5 4.1 3.7 Chain price index 4.3 4.2 4.1 3.9 3.6 4.6 3.8 2.9 Fixed-weighted Fixed- weighted price index 4.2 4.3 4.3 4.0 3.6 4.3 4.0 2.9 price index 1.2 2.3 5.0 1.4 2.2 3.7 4.2 3.7 Producers' durable Business: equipment: Current dollars 7.8 11.8 12.4 5.5 8.0 5.5 4.4 6.6 Current dollars 7.6 23.4 23.8 21.5 8.0 -2.3 16.2 2.2 1972 dollars 4.3 8.1 9.0 1.5 5.3 .5 2.2 3.4 1972 dollars 7.3 21.5 21.2 18.6 5.4 -5.6 16.6 -3.5 Implicit price deflator 3.3 3.4 3.2 3.9 2.5 4.9 2.2 3.1 Implicit price defla- Chain price index 3.9 3.9 3.9 3.9 3.4 4.1 3.6 2.6 tor .3 1.5 2.1 2.5 2.4 3.5 _ 4 5.8 Fixed-weighted price Chain price index 2.2 1.1 .7 2.6 1.5 1.9 l'.8 2.7 index 3.7 4.0 4.1 4.0 3.5 3.6 3.7 2.6 Fixed-weighted price index 2.6 1.7 1.8 3.1 1.6 2.0 2.2 3.2 Nonfarm: Current dollars 8.5 11.7 13.4 5.4 7.9 6.3 5.7 7.1 Residential: 1972 dollars 4.9 8.1 10.0 1.0 4.6 .8 2.7 3.3 Current dollars 44.7 16.4 12.1 -.6 -4.7 4.6 7.4 14.4 Implicit price deflator . 3.5 3.3 3.1 4.4 3.1 5.5 2.9 3.7 1Q79 Hntlarc 41.7 12.2 1.2 -4.6 -5.5 5.3 6.4 10.9 Chain price index 4.1 Implicit price defla- Fixed-weighted price 2.1 3.8 10.9 4.2 .8 -.7 1.0 3.2 index 4.3 Chain price index -1.4 3.8 11.0 4.2 1.2 -1.2 1.1 3.0 Fixed-weighted Disposable personal price index .2 3.9 11.6 4.2 1.0 -1.4 1.3 3.0 income: Current dollars 7.3 10.1 8.6 8.4 6.0 1.6 11.2 -2.0 Exports: 1972 dollars 3.5 6.7 6.3 3.9 3.5 -1.6 8.2 -4.2 Current dollars . . -3.5 8.4 4.0 7.1 -1.6 -6.9 -13.7 -.1 1972 dollars 55 4.7 5 7.5 -.7 -9.0 -15.1 .5 Implicit price deflator 2.1 3.5 4.5 -.4 9 2.4 1.6 -.6 Chain price index 2.0 2.9 4.4 -.8 -1.2 .6 .8 -.8 Fixed- weighted price index 1.7 2.8 4.5 -1.4 -1.6 .1 .7 -1.3 Imports: Current dollars 4.6 24.4 10.9 41.5 -27.9 11.8 6.1 -4.4 1972 dollars 7.6 26.9 8.0 55.5 28.3 32.3 -.8 .7 -2.8 -2.0 2.6 90 .5 -15.5 6.9 -5.0 Chain nricp index 20 .4 2.0 -2.7 23 54 -.2 -1.0 Fixed-weighted price index -2.9 -.3 2.3 -3.7 -3.0 -6.4 -.6 -2.4
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 in the prior period, and therefore reflects only the change in prices between the two periods. constan However, comparisons of percent changes in the chain index also reflect changes in the is weighted by the "ratio of the quantity c composition of output. The fixed-weighted price index uses as weights the composition of output 1972 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. An Advance Overview of the Comprehensive Revision of the National Income and Product Accounts
IN December, BEA is scheduled to changes other than the shift of the will be made to reflect a new govern- release the results of a comprehen- base period will be revised back to ment program. sive—that is, benchmark—revision of 1950. For each of the nine definitional or the national income and product ac- The revised estimates will be re- classificational changes that will be counts (NIPA's). This revision is the leased along with the "flash" esti- implemented, the paragraphs that eighth of its kind; the last such revi- mates for the fourth quarter of 1985, follow briefly state the change and sion was released in December 1980. which will be on the revised basis. why it is being made. Two of these Comprehensive revisions are the oc- The estimates will be available in sev- changes relate to the classification of casion for making three kinds of eral forms, as described in the box on certain business expenditures as in- changes: this page. vestment, three relate to Federal Gov- This article, which is designed to ernment employee benefit programs, • Definitional and classificational two relate to foreign transactions, and changes, which update the ac- help users make the transition to the revised estimates, describes the major two relate to government assistance counts to keep pace with the programs. Six of the nine will affect evolving U.S. economy; changes. It is important to note that the article does not indicate how the total GNP; all but one of these six • Statistical changes, which reflect will raise GNP. Two—the capitaliza- shifts in the base period for the fully revised estimates will look; esti- mates that incorporate all the tion of major replacements to residen- calculation of constant-dollar esti- tial structures and the imputation of mates and the associated price in- changes—some of which interact with each other—are not yet complete. a social insurance fund for military dexes and implicit price deflators, retirement—will raise GNP substan- newly available and revised Definitional and tially. In addition, the reclassification source data, and improved esti- of medical vendor payments, although mating procedures; and Classificational Changes it will not affect total GNP, will • Redesign of tables to add or drop Definitional and classificational reduce government purchases sub- series to reflect the definitional stantially and will raise personal con- and classificational changes or to changes are usually introduced at the time of comprehensive revisions so sumption expenditures by an equal make the tables more informa- amount. This change will also raise tive. that the changes can be carried back historically on a consistent basis. To a personal income substantially. For The revision scheduled for release large extent, these changes are made each of the nine changes, table 1 in December, the result of several so that the accounts depict in an ana- shows the aggregates from the NIPA years' intensive work, will include all lytically useful way the evolving insti- five-account summary system that of these kinds of changes. The statisti- tutions in the economy and the eco- will be affected and the initial year of cal changes are its outstanding fea- nomic activities in which they engage. revision. ture; they represent, in part, efforts For example, in this comprehensive Capitalize replacement railroad to develop data sources and estimat- revision, several of the changes will track.— Back to 1929, outlays for re- ing techniques to cope with several be made to reflect more accurately placement track will be added to in- long-recognized problems and continu- the nature of a government program vestment in nonresidential structures, ing adaptation to changes in the as it has been implemented, and one thus raising GNP. In charges against availability and quality of source data. All series in the NIPA's will be re- Availability of Revised Estimates and Related Materials vised beginning in 1973, and many The revised estimates for the series in the regular quarterly presentation of NIPA tables, will be revised for earlier years as for the years 1983 and 1984 and for 1984:11-1985:111, will be published in the December well. All constant-dollar series and SURVEY OF CURRENT BUSINESS. Revised estimates for all NIPA series for 1929-82 and for 1982-84 will be available in the spring in separate volumes. price indexes will be revised back to In addition, the revised estimates will be available in hardcopy, on magnetic tape, and on 1929 to reflect the shift in the base diskettes. Other materials related to the revision, such as advance copies of the table for- period from 1972 to 1982. Series af- mats, are also being made available. To obtain an order form indicating the technical speci- fected by definitional and classifica- fications of the tapes and diskettes, the cost of obtaining the estimates in these various forms, and the schedule and cost of the other materials, write to National Income and tional changes will be revised back to Wealth Division (BE-54), Bureau of Economic Analysis, U.S. Department of Commerce, 1929 or to the earliest appropriate Washington, DC 20230, or call 202-523-0669. year, and series affected by statistical
488-341 O - 85 - 2 : QL 3 19 20 SURVEY OF CURRENT BUSINESS October 1985
GNP, corporate profits from current 1929, a social insurance fund will be all benefits paid under the CHAM- production will be increased by the created and an employer contribution PUS program will be included in difference between outlays and the imputed; the contribution will be transfer payments in personal income depreciation of the investment that equal to benefits paid. This contribu- and will be reclassified from govern- will be added to capital consumption tion will be included as part of em- ment purchases to personal consump- allowances with capital consumption ployee compensation in charges tion expenditures for medical services adjustment. Before 1981, tax-return- against GNP and likewise will be in GNP. The Federal surplus or defi- based capital consumption allowances added to national defense purchases cit will not be affected. Under the will be increased by the amount of in GNP. Because the contribution will present NIPA treatment, government the outlay, so corporate profits before be added to both Federal receipts and payments and administrative ex- tax will not be affected. Beginning in expenditures, the surplus or deficit penses under the program are includ- 1981, both tax-return-based capital will not be affected. In both the ed in defense purchases of medical consumption allowances and profits present and the revised NIPA treat- services. This revision will conform before tax will reflect depreciation as ments, benefits paid to retired mili- the treatment of expenditures for reported to the Internal Revenue tary personnel are included in trans- CHAMPUS members to the treat- Service using the accelerated cost re- fer payments, and government contri- ment of medical care for correspond- covery system under the Economic butions and interest on fund invest- ing groups. Recovery Tax Act of 1981. The capital ments are considered intragovern- Impute bank service charges to for- consumption adjustment will be re- mental transactions. The revision will eigners.—Back to 1929, a portion of vised back to 1929. Under the present more closely conform the treatment imputed charges for bank services NIPA treatment, which reflects Fed- of the cost of military employment to will be reallocated from domestic to eral tax regulations prior to their that of Federal civilian employment. foreign depositors. The imputed change in 1981, the value of the re- charge—referred to in the NIPA placement track is charged off to cur- Impute a social insurance fund for Federal unemployment insurance for tables as services furnished without rent expense, and corporate profits payment by financial intermediaries from current production and corpo- military personnel.—Back to 1944, a social insurance fund will be created except life insurance carriers—will be rate profits before tax are reduced by and an employer contribution imput- added to exports of services other the same amount. The revision will ed; the contribution will be equal to than factor income, and an offsetting conform the NIPA treatment of this imputed charge will be added to im- type of outlay to that of replacement benefits paid. The amount added to employer contributions in charges ports of factor income services; thus, of capital by other industries. against GNP likewise will be added to net exports will not be affected. The Capitalize major replacements to national defense purchases in GNP. portion that will be reallocated to for- residential structures.—Back to 1929, eigners from persons and government outlays for replacements of major Because the contribution will be added to both Federal receipts and ex- will be taken out of personal con- items, such as the roof or heating sumption expenditures and govern- system, will be added to investment penditures, the surplus or deficit will not be affected. In both the present ment purchases, thus reducing GNP. in residential structures, thus raising (Bank services furnished to business GNP. In charges against GNP, propri- and the revised NIPA treatments, benefits paid to unemployed former are treated as current expenses in the etors' income, rental income of per- military personnel are included in NIPA's.) In charges against GNP, net sons, and corporate profits with cap- interest likewise will be reduced by ital consumption adjustments will be transfer payments. The revision will conform the NIPA treatment of un- the portion formerly allocated to per- increased by the difference between sons and government, reflecting the outlays and the depreciation of the in- employment insurance for military personnel to that for Federal civilian offsets in interest paid and received vestment that will be added to capital among the several sectors. Under the consumption allowances with capital employees. consumption adjustment. Proprietors' Treat the Civilian Health and Med- present NIPA treatment, bank serv- ical Plan of the Uniformed Services ices are imputed only to domestic sec- income and rental income likewise tors: persons, business, and govern- will be revised in personal income. (CHAMPUS) as an employer-paid Under the present NIPA treatment, health insurance plan.—Back to the ment. The revision will recognize the replacements to residential structures origin of CHAMPUS in 1967, the significant increase since 1977 in de- are charged off to current expense. NIPA treatment of expenditures for posit liabilities owed to foreigners by The revision conforms the treatment CHAMPUS members—dependents of U.S. banks. This change will not be of major replacements to residential active duty personnel, and retired made in the U.S. international trans- structures with that of nonresidential military personnel and their depend- actions accounts. structures. ents—for medical care in nonmilitary Reclassify military shipments fi- Impute a social insurance fund for facilities will be changed. A social in- nanced by "forgiven" loans.—Back to military retirement.—The Defense Au- surance fund for dependents of active the fourth quarter of 1974, the treat- thorization Act for fiscal year 1984 es- duty personnel will be created and an ment of military shipments, primarily tablished a military retirement trust employer contribution imputed; the to Israel, that were financed by for- fund, effective October 1, 1984. This contribution will be equal to benefits given loans will be changed. These fund is similar to the civil service re- paid. The amount added to employer shipments will be added to exports of tirement trust fund, except military contributions in charges against GNP goods and services and taken out of personnel will not contribute to the likewise will be added to national de- national defense purchases, thus not fund as do civilian employees. Back to fense purchases in GNP. In addition, affecting total GNP. The forgiven October 1985 SURVEY OF CURRENT BUSINESS 21
Table 1.—Summary National Income and Product Accounts: Items Affected by Definitional and Classificational Revisions [Initial year of revision]
Capitalize Capitalize Impute Impute Revise Impute Reclassify Reclassify replacement residential military military treatment bank Reclassify medical two State of military and local railroad replace- retirement unemploy- CHAM- services to shipments vendor track ments fund ment fund PUS foreigners payments programs
Account 1.—National Income and Product Account
Compensation of employees 1929 1944 1967 Wages and salaries , , ., Disbursements Wage accruals !««« disbursements ,,,,, , ,, ,,,., ,, ,,.,, ,,lt Supplements to wages and salaries 1929 1944 1967 Employer contributions for social insurance ... 1929 1944 1967 Other labor income Proprietors' income with inventory valuation and capital consumption adjust- ments 1929 Rental income of persons with capital consumption adjustment 1929 Corporate profits with inventory valuation and capital consumption adjust- ments 1929 1929 Profits before tax 1982 1929 Profits tax liability Profits after tax 1982 1929 Dividends Undistributed profits 1982 1929 Capital consumption adjustment 1929 1929 Net interest 1929 National income 1929 1929 1929 1944 1967 1929 Business transfer payments Indirect business tax and nontax liability Less' Subsidies less current surplus of government enterprises Charges against net national product 1929 1929 1929 1944 1967 1929 Capital consumption allowances with capital consumption adjustment 1929 1929 CHARGES AGAINST GROSS NATIONAL PRODUCT 1929 1929 1929 1944 1967 1929 Personal consumption expenditures 1967 1929 1952 1976 Durable goods Nondurable goods Services 1967 1929 1952 1976 Gross private domestic investment 1929 1929 Fixed investment 1929 1929 Nonresidential 1929 Structures 1929 Producers' durable equipment Residential .. 1929 Change in business inventories Net exports of goods and services 1974 Exports 1929 1974 Imports 1929 Government purchases of goods and services 1929 1944 1967 1929 1974 1952 1976 Federal 1929 1944 1967 1929 1974 National defense 1929 1944 1967 1974 Nondefense 1929 1929 State and local 1929 1952 1976 GROSS NATIONAL PRODUCT 1929 1929 1929 1944 1967 1929
Account 2.—Personal Income and Outlay Account
1958 1967 1929 1952 1976 1967 1929 1952 1976 Interest paid by consumers to business
1929 PERSONAL TAXES OUTLAYS AND SAVING 1929 1967 1929 1952 1976 \Vage and salary disbursements Other labor income •• Proprietors' income with inventory valuation and capital consumption adjust- 1929 Rental income of persons with capital consumption adjustment 1929
Dividends Less' Dividends received by government 1929 Net interest 1929 Interest Daid bv government to persons and business Less' Interest received by government 1929
1967 1952 1976
F «»nt 1967 1952 1976 1 • f r ial insurance PERSONAL INCOME 1929 1967 1929 1952 1976 22 SURVEY OF CURRENT BUSINESS October 1985
Table 1.—Summary National Income and Product Accounts: Items Affected by Definitional and Classificational Revisions—Continued [Initial year of revision]
Capitalize Capitalize Impute Impute Revise Impute Reclassify Reclassify treatment Reclassify two State replacement residential military military of bank military medical railroad replace- retirement unemploy- CHAM- services to shipments vendor and local track ments fund ment fund PUS foreigners payments programs
Account 3.—Government Receipts and Expenditures Account
Purchases of goods and services 1929 1944 1967 1929 1974 1952 1976 Transfer payments 1967 1974 1952 1976 To persons 1967 1952 1976 To foreigners (net) 1974 Net interest paid 1929 Interest paid To persons and business To foreigners Less' Interest received by government 1929 Less' Dividends received by government Subsidies less current surplus of government enterprises Less: Wage accruals less disbursements Surplus or deficit ( ) national income and product accounts 1974 Federal 1974 State and local GOVERNMENT EXPENDITURES AND SURPLUS 1929 1944 1967 1958 Personal tax and nontax payments 1958 Corporate profits tax liability Indirect business tax and nontax liability 1929 1944 1967 Employer 1929 1944 1967 Personal . .... GOVERNMENT RECEIPTS 1929 1944 1967 1958
Account 4.—Foreign Transactions Account
Exports of goods and services ...... 1929 1974 Capital grants received by the United States (net) RECEIPTS FROM FOREIGNERS 1929 1974 Imports of goods and services 1929 Transfer payments to foreigners (net) ...... 1974 From persons (net) From government (net) 1974 Interest paid by government to foreigners Net foreign investment 1974 PAYMENTS TO FOREIGNERS . 1929 1974
Account 5.—Gross Saving and Investment Account
Gross private domestic investment 1929 1929 1974 GROSS INVESTMENT 1929 1929 1974 1929 Wage accruals less disbursements Undistributed corporate profits with inventory valuation and capital con- sumption adjustments . . 1929 1929 Undistributed corporate profits . . 1982 1929 Inventory valuation adjustment Capital consumption adjustment . . 1929 1929 Capital consumption allowances with capital consumption adjustment 1929 1929 Government surplus or deficit ( ) national income and product accounts 1974 Capital grants received by the United States (net) Statistical discrepancy GROSS SAVING AND STATISTICAL DISCREPANCY 1929 1929 1974 loans will be treated as transfer pay- the fourth quarter of 1973 and the Reclassify medical vendor pay- ments to foreigners. The Federal sur- first three quarters of 1974 because ments.—Back to 1952, reimburse- plus or deficit will be affected by shipments during that period were ments by government to providers of timing differences between shipments from existing stocks rather than from medical services under several pro- and transfers to foreigners. Under the current production. This revision will grams—the largest of which is Medic- present NIPA treatment, these mili- more properly reflect the nature of aid—will be treated as transfer pay- tary shipments are treated as govern- these transactions in GNP and will ments in personal income. Reimburse- ment purchases and the forgiven eliminate a difference between the ments that are made to State and loans as military grants. The present NIPA's and U.S. international trans- local hospitals will be considered fees, treatment will continue to be used for actions accounts. and, thus, will be treated as personal October 1985 SURVEY OF CURRENT BUSINESS 23 nontax payments; reimbursements to price deflators—all part of what the changes in aggregate measures other providers will be added to per- is referred to as shifting the base such as real GNP and the GNP fixed- sonal consumption expenditures for year; weighted price index. Many changes medical services and taken out of • Incorporation of new and revised in the economy since 1972 have State and local government pur- data from regularly used sources caused purchasers to adjust their chases, thus not affecting total GNP. that become available less often spending patterns. In general, pur- The State and local surplus or deficit than annually, referred to as chasers have tended to shift from will not be affected because both re- "benchmark sources" in this arti- items that experienced large increases ceipts and expenditures will be raised cle; in prices to items that experienced by the amount paid to State and local • Incorporation of new and revised smaller increases (or decreases) in hospitals. In its origins, the Medicaid data from regularly used sources prices. Therefore, when the base program was regarded as dictating that are usually incorporated at period is shifted to 1982, components the choice of service providers, and, the time of the annual July revi- of GNP that increased the least from thus, payments were treated as made sions of the NIPA's, referred to as 1972 to 1982 will generally contribute by government. Accordingly, under "regular sources for 1982-84" in more to the change in GNP, and the present NIPA treatment, reim- this article; those that increased the most will bursements to State and local hospi- • Use of source data not previously contribute less. Thus, over this period, tals are considered intragovernmental available; and the measured GNP change will be transfers, and reimbursements to • Use of new estimating procedures. less. Similarly, with respect to price other providers are treated as govern- change, components of GNP that had ment purchases of medical services. This section first describes the effect the smallest increases in prices from The revision will recognize the recipi- of the shift in the base period. Next, 1972 to 1982 will generally contribute ents' choice of provider and will con- the benchmark sources and the regu- lar sources for 1982-84 are described more to the change in the fixed- form the NIPA treatment of Medicaid together as "major regular data weighted index, and those with the and the other programs to that of largest increases will contribute less. Medicare. sources." Finally, because the avail- ability of new source data and the de- Thus, the measured price increase Reclassify payments under two State velopment of new estimating proce- will also be less. and local government assistance pro- dures often go hand in hand, major Calculations based on the presently grams.—Back to 1977, payments made changes of these kinds are described published series indicate that, from to energy suppliers on behalf of low- together as "changes in methodolo- 1972 to 1984, the effect of the shift in income persons will be treated as gy." These changes, in turn, are the base period on the rate of change transfer payments in personal grouped according to whether they averages a few tenths of a percentage income. Back to 1976, payments made affect annual current-dollar esti- point per year for both real GNP and on behalf of crime victims also will be mates, deflation, or quarterly esti- the GNP fixed-weighted price index. treated as transfer payments to per- mates. The change in real GNP, which has sons. Expenditures under these pro- averaged 2.7 percent per year for grams will be reclassified from State Shift in the base period 1972-84, will be reduced about 0.4 and local government purchases to percentage point per year because of personal consumption expenditures Real GNP and other constant-dollar the shift to the 1982 base. The within GNP. The State and local sur- series, beginning in 1929, will be cal- changes are reduced in most years. plus or deficit will not be affected be- culated in terms of 1982 prices. Corre- The largest reductions are in 1973, 1.1 cause the reduction in purchases will spondingly, the associated fixed- percentage point; 1976, 0.8 point; and be offset by the increase in transfer weighted price indexes will use as 1977, 0.6 point. The change in the payments to persons. The revision weights the composition of output in GNP fixed-weighted price index, will conform the NIPA treatment of 1982. For both the fixed-weighted which has averaged 7.3 percent per these programs to other government price indexes and the implicit price year for 1972-84, will be reduced assistance programs such as Medicare deflators, the year 1982 will be set about 0.3 percentage point per year and Medicaid. equal to 100. The year 1982 was se- because of the shift. The changes are lected as the base period because it is reduced in most years. The largest re- the latest year for which the NIPA es- Statistical Changes ductions are in 1975 and 1977-80, timates will not be revised until the when they range from 0.6 to 0.7 per- The statistical changes have several next comprehensive revision. (Since centage point.1 origins: the comprehensive revision released It should be noted that there are in 1976, the year 1972 has been the other changes—such as the introduc- • Substitution of the prices of 1982 base period.) For many purposes for tion of the price index for the defla- for those of 1972 in calculating which the estimates are used, the tion of computers and a number of constant-dollar series, substitu- shift to a more recent base period will the other statistical changes—that tion of the composition of output produce more relevant measures of will tend to offset the effect of the in 1982 for that of 1972 for use as real output and of prices. weights in calculating the fixed- The shift in the base period per se 1. The calculations for 1972-1984 were carried out weighted price index, and substi- will not affect period-to-period with the presently published series using the 350 de- tution of 1982 for 1972 as the changes in output or prices at the tailed components that are included in the fixed- weighted and chain price indexes. Virtually the same year set equal to 100 in calculat- most detailed component level. It will, results would be obtained if the deflation were carried ing price indexes and implicit however, as is usually the case, affect out using the full detail. 24 SURVEY OF CURRENT BUSINESS October 1985
shift in the base period on the change made as part of the December NIPA Changes in methodology: in real GNP over this period. Thus, revisions. The most important of annual current-dollar estimates whether or not the change as meas- these sources for current-dollar GNP ured by the revised estimates will be and for charges against GNP are A number of improvements will be more or less than in the presently shown in table 2. The table indicates made in the methodology for prepar- published estimates will not be estab- for which years these data sources ing annual current-dollar estimates. lished until the revision is complete. will be directly incorporated into the Most of these were described a year ago when preliminary revised NIPA estimates. Some of the revised data 5 Major regular data sources sources also will be incorporated for estimates for 1977 were presented. years prior to 1982. One of the changes—improved adjust- BEA's 1977 input-output (I-O) ments for misreporting on tax re- tables are the single most important The revised data from the U.S. international transactions accounts turns—is quite large. It affects both benchmark source; they provide the income and product components, and benchmarks for the expenditure com- referred to in table 2 reflect revisions 2 made as part of the regular schedule is therefore discussed first. Thereaf- ponents of GNP. In turn, the I-O ter, other changes in income compo- tables are based primarily on the de- for those accounts; the revised data were presented in the June 1985 nents and then in product compo- tailed industry statistics collected by nents are discussed; some of these the Census Bureau in the 1977 eco- SURVEY OF CURRENT BUSINESS. Since then, the Census Bureau has identi- changes tend to offset the effect on nomic censuses. These statistics in- total income and product of the im- cluded several important improve- fied a serious timing problem with the monthly U.S. merchandise trade proved adjustments for misreporting. ments recommended in the Gross Na- data, which BEA uses for both the Improved adjustments for misreport- tional Product Data Improvement ing on tax returns.—The improved ad- Project Report.3 The coverage of the U.S. international transactions ac- counts and the NIPA's.4 These trade justments for misreporting on tax re- censuses was expanded to include turns—sometimes referred to as the medical, educational, and social serv- data reflect the value reported on doc- uments transmitted to the Census "underground economy adjustments" ices; new information was collected on because misreporting on tax returns purchased services (repairs, rentals, Bureau by the U.S. Customs Service within 15 days of the end of each is a major manifestation of the under- communications, etc.) for other cov- ground economy—will incorporate ered industries; and for manufactur- month. For the past several years, the amount of "carry-over"—that is, the newly available information about the ing, additional detail on materials extent of underreporting of income consumed was collected. Other major value of documents received too late for inclusion in the correct month— and about the failure to file income sources on which the I-O tables are and employment tax returns (nonfil- based are the 1980 Census of Housing has increased substantially and has varied widely from month to month. ing). Federal tax return information (and its supplementary Survey of Res- is used directly in estimating several idential Finance), the 1977 Census of For example, in August 1985, the carry-over documents accounted for income components and indirectly— Governments, and the 1978 Census of via the Census Bureau's use of tax re- Agriculture. 47 percent of the value of imports and 11 percent of the value of exports; in turns to make estimates for small Summary or, in some cases, prelim- firms in the economic censuses—for inary statistics from the 1982 econom- the previous month, the import carry- over was 39 percent and the export two product components. ic censuses also are used. These in- The sources and procedures used to clude retail trade sales, service re- carry-over was 11 percent. These vari- ations have seriously affected the reli- prepare the improved adjustments for ceipts, manufacturers' shipments of 1977 were described in detail a year business equipment, and the book ability of the quarterly changes in merchandise exports and imports, al- ago; these adjustments are substantial value of inventories for manufactur- in size.6 For 1977, $11.3 billion is ing, wholesale trade (both merchant though the effect on the annual changes appears to be minor. For the added to compensation of employees and nonmerchant wholesalers), and and $46.5 billion to proprietors' retail trade. In addition, statistics period from the second quarter of 1983 through the second quarter of income with inventory valuation and from the 1982 Census of Agriculture capital consumption adjustments; and the 1982 Census of Governments 1985, tabulations that eliminate the carry-over and thus reflect the actual $21.6 billion is added to personal con- are used. sumption expenditures and $0.2 bil- Regular data sources for 1982-84 month of exports or imports have been prepared by Census, and they lion to gross private domestic invest- are those that would have been used ment. to prepare revisions in July 1985 had will be incorporated into the Decem- ber NIPA revisions. For the period be- In preparing time series, it was they been made as usual. This year, found that adjustments prior to 1950 however, those revisions are being ginning with the third quarter of 1985, the tabulations that will be in- were not needed, mainly because, for corporated do not fully reflect the that period, information from tax re- 2. The 1977 I-O tables were presented in Interin- actual month. turns was not used as extensively in dustry Economics Division, "The Input-Output Struc- ture of the U.S. Economy, 1977," SURVEY OF CURRENT BUSINESS 64 (May 1984): 42-84. 5. Gerald F. Donahoe, "The National Income and 3. Advisory Committee on Gross National Product Product Accounts: Preliminary Revised Estimates, Data Improvement, Gross National Product Data Im- 4. U.S. Department of Commerce, Bureau of the 1977," SURVEY 64 (May 1984):38-41. provement Project Report, issued by the Office of Fed- Census, "Advance Report on U.S. Merchandise Trade: 6. Robert P. Parker, "Improved Adjustments for eral Statistical Policy and Standards, U.S. Department August 1985 Statistical Month," News Release CB-85- Misreporting of Tax Return Information Used to Esti- of Commerce (Washington, DC: U.S. Government 174 (Washington, DC: Department of Commerce, 27 mate the National Income and Product Accounts, Printing Office, 1977). September 1985). 1977," SURVEY 64 (June 1984): 17-25. October 1985 SURVEY OF CURRENT BUSINESS 25
Table 2.—Major Regular Data Sources for Current-Dollar Estimates, 1982-84
GNP PCE Nonresidential fixed Net exports Government purchases - — . Components Residential investment fixed CBI Source data • ^^^ Merchan- State and Goods Services Structures PDE investment dise Services Federal local
Census Bureau annual surveys of merchant wholesale and retail 1982 r 1982 r trade. & 1983-84 & 1983-84 Census Bureau annual survey of services 1982-83 ' &1984 Internal Revenue Service tabulations of business tax returns: Corporations 1982 1982 Sole proprietorships and partnerships 1983 1982 Census Bureau value of new construction put in place 1982-84 T 1982-84 r 1984 r Census Bureau annual survey of manufactures 1983 1983 U.S Department of Agriculture farm statistics 1982-84 r 1982-84 ' 1982-84 r 1982-84 ' 1982-84 r Bureau of Economic Analysis U.S. international transactions 1982-84 ' 1982-84 ' 1982-84 r 1982-84 r accounts. Office of Management and Budget Federal budget data 1983' &1984 Census Bureau surveys of State and local government 1982 r & 1983-84 Bureau of Labor Statistics tabulations of employees covered by 1983 r 1983 r State unemployment insurance. &1984 & 1984 Bureau of Economic Analysis capital stock statistics
Charges against GNP Compensation of Proprietors' income Capital consumption employees with IVA and CCAdj Rental allowances with CCAdj """•^•^^^^ Components income of Corporate persons profits Net Capital Other Source data " — -^^^ Wages and Supple- with with IVA interest consump- charges salaries ments Farm Nonfarm CCAdj and CCAdj tion CCAdj allowances
Census Bureau annual surveys of merchant wholesale and retail 1984 trade. Census Bureau annual survey of services 1984 Internal Revenue Service tabulations of business tax returns: Corporations 1982 1982 1982 1982 1982 1982 1982 Sole proprietorships and partnerships 1983 1983 1983 1983 1983 1983 1983 Census Bureau value of new construction put in place 1984 r Census Bureau annual survey of manufacturers U S Department of Agriculture farm statistics 1982-84 r 1982-84 r 1982-84 ' 1982-84 ' Bureau of Economic Analysis U.S. international transactions 1982-84 r 1982-84 r 1982-84 r accounts. Office of Management and Budget Federal budget data 1984 1984 1984 Census Bureau surveys of State and local government 1982-83 1983-84 Bureau of Labor Statistics tabulations of employees covered by 1983 r State unemployment insurance. &1984 Bureau of Economic Analysis capital stock statistics 1982-84 r 1982-84 r 1982-84 r 1982-84 r
'Revised. PCE Personal consumption expenditures. PDE Producers' durable equipment. CBI Change in business inventories. IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment. NOTE.—Years shown are the years of the estimates into which the source data are directly incorporated.
estimating proprietors' income, per- return data is carried back on the Improved estimates of other labor sonal consumption expenditures, and basis of information on the use of income.—The revised estimates of gross private domestic investment. To these data in the earlier economic other labor income, beginning in 1973, carry the adjustment back to 1950, censuses and the adjustments just de- will incorporate a revised series on the part of the improved adjustment scribed. For years after 1977, the ad- employer contributions for health in- that is for underreporting not detect- justments, with one exception, are ex- surance. The revised series, from the ed in audit—which is about $1 for trapolated based on the assumption Health Care Financing Administra- every $3% of unreported business that the ratios of underreported tion, primarily reflects a more accu- income—is scaled down to zero based income to reported income remain rate accounting of premiums paid by on the amount of unreported business constant. The exception is the adjust- employers for health insurance ad- income detected in earlier audits. The ment for undetected underreporting, ministered by third parties. The effect part that is for nonfiling is carried which is lowered somewhat on the of the change is to raise other labor back on the assumption that the ratio basis of new audit information from income—substantially in later years. of nonfilers' income to filers' income the 1979 Taxpayer Compliance Meas- Improved accounting for expenses of was constant. The part that is for the urement Program. homeownership.—The revised esti- Census Bureau's indirect use of tax mates of the net rental income of 26 SURVEY OF CURRENT BUSINESS October 1985 owner- and tenant-occupied nonfarm is to raise the estimate of business in- Improved estimates of the expenses dwellings, which are derived as gross comes.7 of private noninsured pension plans.— rental receipts less expenses, will in- Improved estimates of investment The revised estimates of the expenses corporate an expanded list of ex- income of private noninsured pension of private noninsured pension plans, penses. The expanded list includes all plans.—The revised estimates of in- part of the expense of handling life types of expenditures that are consid- vestment income of private nonin- insurance that is included in personal ered ordinary and necessary as busi- sured pension plans will incorporate, consumption expenditures, will be ness deductions under Federal income beginning in 1973, information from based on the tabulations for 1977 of tax regulations and thus is the same newly required reports to the Internal newly required reports to the Internal as the list that underlies the esti- Revenue Service. Tabulations are Revenue Service, mentioned in de- mates of corporate profits and propri- available for 1977, and they are ex- scribing the improved estimates of etors' income. The estimates, which trapolated forward by revised asset these plans' investment income. The are part of rental income of persons, series from the Federal Reserve extrapolation forward and backward will be revised beginning in 1964; the Board's flow of funds accounts. The is done separately for two expenses: effect of the change in methodology is effect of the change is to raise invest- commissions paid and other operating to reduce rental income. ment income of private noninsured expenses. The new 1977 level will be Elimination of partnership income pension plans. Net interest of these extrapolated back to 1973 and for- reported on partnership tax returns plans—net monetary interest plus net ward to 1981 by the same series used that also appears on corporation tax imputed interest (measured as total at present. For 1982 forward, esti- returns.—The revised estimates of investment income less monetary in- mates of commissions paid are based proprietors' income, beginning in terest paid)—will be raised by the on private trade association data on 1968, will be adjusted to eliminate the change. Because dividends received by stock market activity, and estimates part of partnership income attributa- these plans, like those received by of other operating expenses are based ble to corporate partners. Income re- other organizations treated as corpo- on wages paid by pension, health, and ported to the Internal Revenue Serv- rations in the NIPA's, are netted welfare funds. The effect of the ice on information returns filed by against dividend payments and be- change in methodology is to raise the partnerships is used to estimate the cause dividends received are raised, estimates. At present, the level of ex- partnership component of proprietors' total corporate profits will be reduced penses is derived from reports filed by income, and that income includes by the change. Rental income of per- the pension plans with the Securities income attributable to corporate part- sons will be raised. At present, the es- and Exchange Commission; these re- ners. Thus, without an adjustment, timates are benchmarked to a 1968 ports were discontinued in 1981. the income of corporate partners is Department of Labor tabulation and Improved estimates of structures for counted both in proprietors' income are extrapolated by asset and yield electric utilities.—The revised esti- and in corporate profits. The adjust- series from the Federal Reserve mates will incorporate a new proce- ment is based on information newly Board. dure that takes into account that nu- available from the Internal Revenue Improved estimates of capital con- clear power plants have a much lower Service. Its effect is to reduce propri- sumption allowances with capital con- share of structures (and a much etors' income. sumption adjustment.—The revised higher share of equipment) than estimates of capital consumption al- other electric power plants. The new Improved estimates of the default- 9 lowances with capital consumption procedure first separates the value of ers gain adjustment.—The revised es- adjustment, beginning in 1929, will construction work into nuclear and timates of defaulters' gain used in de- reflect the incorporation of new infor- other and then applies the different riving corporate profits and nonfarm mation on service lives and legal form structures shares to the separate proprietors' income, beginning in allocation ratios. This new informa- values. At present, a single structures 1973, will reflect a comprehensive tion was developed as part of the share is applied to the total value of review of applicable Federal tax regu- work on capital stock that was pre- construction. The effect of the change lations undertaken to determine the sented in the July 1985 SURVEY.8 The is to reduce the structures estimates extent to which these gains are re- effect of the new information on serv- for most years beginning in 1968. ported by corporations on their tax ice lives is to reduce the estimates; Improved estimates for residential returns. These gains are included in the new information on legal form al- investment.—The revised estimates income in the NIPA's on the premise location does not affect the total. for residential investment will include that defaulters, by not paying off two changes in methodology—one debts, gain the value of the debt. In that affects single-family housing and the revised estimates, it will be as- 7. The defaulters' gain adjustment is described in one that affects additions and alter- sumed that none of these gains attrib- more detail in BEA's recently released paper on the ations for owner-occupied dwellings. utable to business are included in the sources and methods used to prepare the estimates of corporate profits. See Corporate Profits: Profits Before For single-family housing, the revised Internal Revenue Service data from Tax, Profits Tax Liability, and Dividends, Methodolo- estimates will incorporate a new which the estimates of business in- gy Paper Series MP-2 (Washington, DC: U.S. Govern- Census Bureau series on construction comes are derived. As a result, the ment Printing Office, 1985), p. 20. The change in methodology just described affects the last sentence of value; the construction value is multi- full estimated amount of these gains that description. plied by the number of housing starts, must be added as an adjustment. At 8. John A. Gorman, John C. Musgrave, Gerald Sil- and the product distributed over sub- present, it is assumed that 40 percent verstein, and Kathy A. Comins, "Fixed Private Capital in the United States: Revised Estimates, 1925-81, and sequent months by a progress pattern, is included in the Internal Revenue Estimates by Industry, 1947-81," SURVEY 65 (July to obtain the required value put in Service data. The effect of this change 1985):36-59. place. The construction value, newly October 1985 SURVEY OF CURRENT BUSINESS 27 defined to include land development Improved estimates for State and utilities furnished and of rent of done by the builder, will be estimated local structures.—The revised esti- equipment. The new index has al- by the Census Bureau on the basis of mates of State and local government ready been incorporated into the esti- the monthly average sales price. This structures, beginning in 1975, will in- mates beginning in 1981. Its incorpo- price is adjusted to the construction corporate an adjustment to the ration affects the estimates of housing value on the basis of information Census Bureau's series on the value services in personal consumption ex- from a Census Bureau survey of new of new construction put in place. BEA penditures and in housing output. homes completed in 1981-82. The will replace the highway construction The new index is based on informa- NIPA estimates of residential invest- component of the put-in-place series tion from the Census Bureau's Ameri- ment will incorporate the new with comparable expenditures data can Housing Survey. The major meth- method of estimating construction from the Federal Highway Adminis- odological improvement is that the value beginning in 1973 and the inclu- tration's Highway Statistics. The new index takes into account that sion of land development costs begin- effect of the adjustment is to raise the landlords often raise (or lower) the ning in 1959. At present, the construc- estimates; the Highway Statistics rent they charge when a unit becomes tion value is based on an adjusted av- data, as well as expenditure data vacant. Before the new index was pre- erage permit value. from the Census Bureau's Governmen- pared, space rent had been deflated For additions and alterations to tal Finances, showed that, beginning using the rent component of the Con- owner-occupied dwellings, beginning in 1975, the put-in-place series was sumer Price Index (CPI). The CPI, in 1973, the revised estimates will in- not covering a significant portion of prior to an improvement introduced corporate data from the Consumer highway construction projects. in January 1985, attributed a rent Expenditure Survey (CES) of the change to vacant units equal to that Bureau of Labor Statistics. The CES Changes in methodology: for all comparable units—including had been taken in 1973 and was re- improved deflation those with no rent change—and thus introduced in 1980 as a quarterly frequently understated the rent survey. For the revised estimates, The need to develop a price index change. In addition, BEA will intro- BEA interpolated between the 1973 for computers (central processors and duce an adjustment (not made in the and 1980 estimates and, since 1980, peripheral equipment) to replace the CPI) to take into account quality used quarterly CES estimates for ex- use of the convention that assumes no changes resulting from the aging of trapolation. The effect of the change price change in preparing constant- the housing stock. The effect of the in methodology is to raise the esti- dollar NIPA estimates was long recog- two changes is to lower 1972-dollar mates of additions and alterations nized. Such an index, which is being space rent substantially. except in 1982. At present, the esti- developed with the advice and assist- For nonresidential buildings, one of mates are based on the Census Bu- ance of IBM Corporation, will be in- three indexes averaged to derive the reau's Survey of Residential Alter- corporated in the revised estimates deflator will be dropped. This index, ations and Repairs, which has been beginning in about 1970. On the basis the Federal Highway Administration discontinued. of work completed to date, it appears index of highway structures, was that the prices of computers included found to be inappropriate for this pur- Exclusion of the Commonwealth of in producers' durable equipment de- pose. The new deflator is an average Puerto Rico and U.S. territories from clined at an average annual rate of of the Census Bureau Index of New exports and imports.—The change in over 10 percent per year from 1970 to One-Family Houses Sold and the coverage of exports and imports to ex- 1984. Taken alone, the effect of using Turner Construction Company build- clude the Commonwealth of Puerto the new price index would be to raise ing cost index. The effect of the Rico and U.S. territories, beginning in very substantially the level and change in procedure on 1972-dollar 1960, will conform these estimates to changes in producers' durable equip- nonresidential structures is to raise it the geographic coverage used else- ment in 1972 dollars in the most in some years and to reduce it in where in the NIPA's—the 50 States recent years and to raise moderately others. and the District of Columbia. The the level and changes in GNP in 1972 effect of the change in coverage is to dollars in the last 2 or 3 years. How- Changes in methodology: raise net exports in all years. Exports ever, it should be noted that the com- quarterly estimates and imports of merchandise, factor bined effect of the new price index A number of improvements will be income, and other services will be and the shift in the base period will made in the methodology for prepar- raised in almost every year. The be to reduce changes in both produc- ing quarterly estimates. The most im- change in coverage of the merchan- ers' durable equipment and GNP in portant is an improved procedure dise trade data also affects the I-O most years. The work that underlies used by BEA and the Department of benchmark levels of personal con- this price index will be described in Agriculture for estimating farm sumption expenditures and producers' an article in an upcoming issue of the output and inventory change. Under durable equipment because these esti- SURVEY. the new procedure, the quarterly in- mates are based on the commodity Improvements will also be made in terpolation is done in constant dollars flow method, in which exports are the deflation of housing services and and the resulting quarterly estimates subtracted and imports are added. At of nonresidential buildings. For hous- are reflated. This change in procedure present, exports and imports in the ing services, BEA prepared a new affects the estimates for farm propri- NIPA estimates conform with the cov- price index for 1974-84 to use in the etors' income as well. The published erage used in the U.S. international deflation of space rent—that is, the estimates beginning in 1981 already transactions accounts. rent of a housing unit exclusive of incorporate this improved procedure. 28 SURVEY OF CURRENT BUSINESS October 1985
The other improvements will affect the current- and constant-dollar esti- Gross national product the quarterly estimates of rental mates with which they were associat- Less: Net exports of goods and services income of persons (by taking into ac- ed will still be published, the deflators count quarterly data on interest pay- can be calculated.) (3) Three tables Exports ments, property taxes, and deprecia- will be added. Two of them are the Imports tion—the largest expenses—and cer- prices associated with new tables de- Equals: Gross domestic purchases tain prices), the petroleum and natu- scribed next. Plus: Command-basis net exports of good and ral gas drilling and exploration com- Several tables will be added in services ponent of nonresidential structures, other sections. The relation of GNP, Command-basis exports and the electricity and natural gas gross domestic purchases, and final Imports components of services in personal sales to domestic purchasers will be Equals: Command-basis gross national consumption expenditures. For the shown in new tables of current dol- product drilling and exploration component lars, constant dollars, and fixed- The key component in the difference and the components of services, the weighted price indexes. The lines to between GNP and command-basis improvements consist of adjusting the be included in the table will be as fol- GNP, command-basis exports, is de- timing to reflect more closely the ac- lows: fined as exports deflated by the im- tivity the estimates measure rather Gross national product plicit price deflator for imports of than the filing of reports on the com- goods and services. A command-basis pletion of wells and the payment for Less: Exports of goods and services Plus: Imports of goods and services presentation has appeared in the utility services that are reflected in SURVEY each quarter in the "Reconcil- the source data. (In addition, the new Equals: Gross domestic purchases iation and Other Special Tables" page data on merchandise trade described Less: Change in business inventories since BEA introduced it in 1981.9 earlier affect the quarterly estimates Equals: Final sales to domestic purchasers. Command-basis GNP is a measure ad- for 1983-85.) justed for changes in the terms of This information is designed to bring trade, which will be shown as an ad- Redesign of Tables out the relation of GNP, a measure of dendum to the constant-dollar table. A number of changes will be made production, and two aggregates that Thus, command-basis GNP measures in the NIPA tables. Many of them are can be taken as measures of aggre- what the United States could pur- to reflect the definitional and classifi- gate demand: gross domestic pur- chase with its production. cational changes described earlier. chases—defined as purchases in the Two tables will be discontinued. For example, the table showing con- United States of good and services One is "State and Local Government tributions for social insurance will in- wherever produced—and final sales to Social Insurance Funds Receipts and clude, under employer contributions domestic purchasers—defined as final Expenditures," published at present for Federal employees retirement, a sales in the United States of good and on a quarterly basis as NIPA table line that shows the contributions for services wherever produced. The in- 3.14. Annual estimates will continue military retirement; this line reflects creased role of exports and imports in to be available in table 3.13, and quar- the definitional change that imputed the economy has highlighted the use- terly estimates will be available from a social insurance fund for pensions fulness of these measures of demand. BEA upon request. The second table paid to military retirees. The more At present, they are addenda to NIPA to be discontinued is "National general changes in the tables are de- tables 1.3 and 1.4. Income Without Capital Consumption scribed in this section. GNP measured on a command basis Adjustment by Industry," published Substantial changes will be made to will be shown in new tables of con- at present as NIPA tables 6.3A and the content of section 7, to be re- stant dollars and implicit price defla- 6.3B. These estimates are based on a named ' 'Fixed-Weighted Price Indexes tors. The lines to be included in the mix of company- and establishment- and Implicit Price Deflators/' The table will be as follows: based components: the former for changes are of three kinds. (1) Several profits and net interest, the latter for tables of implicit price deflators— 9. Edward F. Denison, "International Transactions others. GNP by industry, to be shown in Measures of the Nation's Production," SURVEY 61 those for goods, services, and struc- (May 1981): 17-28. in more detail than previously (in tures—will be replaced with tables of 10. For a discussion of NIPA industry estimates, see tables 6.1 and 6.2), will serve many of fixed-weighted price indexes. (2) Sev- pages xiv-xvi of Bureau of Economic Analysis, The the purposes for which the national National Income and Product Accounts of the United income by industry has been used, eral tables of implicit price deflators States, 1929-76: Statistical Tables (Washington, DC: 10 will no longer be published. (Because U.S. Government Printing Office, 1981). but will not have this defect. By LARRY R. MORAN
Motor Vehicles, Model Year 1985
MODEL year 1985 was the third CHART 5 year, when the Japanese program of consecutive year of expansion for the 1 Motor Vehicle Sales by voluntary restraint was loosened. Ef- motor vehicle industry. Unit sales of Model Year fective April 1, 1985, the limit on new motor vehicles reached a record Million units shipments from Japan to the United 15.7 million, up from 14.2 million in 16 States was raised to 2.3 million cars 1984 (chart 5). New cars sales in- per year from 1.85 million. creased in model year 1985, but less The average unit value—that is, than in the preceding 2 years. The de- the average purchase price—for new celeration was in sales of domestic cars increased 2 percent to $11,413 in cars; sales of imports increased sharp- 14 model year 1985. For domestic cars, ly after changing little in 1984. New the average unit value increased l/2 trucks sales again increased strongly, percent to $11,011; for imports, aver- but less than in 1984. Trucks: age unit value increased 7l/2 percent Sales of new cars were 11.1 million to $12,668. 12 in model year 1985, up from 10.3 mil- Cars New truck sales increased for the lion in 1984 but slightly below the fourth consecutive year. Unit sales previous peak of 11.3 million in 1978. were 4.6 million, up from 3.9 million Domestic car sales increased to 8.4 in 1984 and well above the previous million from 7.9 million in 1984, fol- peak of 4.2 million in 1978. Sales of lowing larger increases in the preced- 10 both domestic and imported trucks ing 2 years (table 1). Sales of all size were up strongly in 1985. categories increased. Total sales in- creased moderately over the first three quarters of model year 1985 Table 1.—Selected Motor Vehicle Indicators before jumping sharply in the last quarter; the jump reflected extensive Seasonally adjusted at Model Model annual rates below-market financing by automak- year year ers to promote end-of-model-year 1984 1985 1984 1985 sales. Both domestic car inventories IV I II III and the inventory-sales ratios Millions of units changed little in the first three quar- New car sales 10.3 11.1 10.3 10.8 10.9 12.4 ters of the model year and then de- Domestic.. 7.9 8.4 7.6 8.5 8.2 9.4 clined due to the jump in sales. Do- Import 2.4 2.7 2.7 2.4 2.7 3.0 Domestic car mestic car production was 8.2 million production 7.7 8.2 8.0 8.9 7.6 8.1 units in model year 1985, up from 7.7 4 «. Domestic car inventories 1 1.4 1.5 1.4 1.2 million in 1984. Domestic car inventory-sales Sales of imported cars increased in ratio 2 2.2 2.2 2.1 1.5 model year 1985 to a record 2.7 mil- New truck sales 3.9 4.6 4.4 4.6 4.5 4.9 Domestic 3.3 3.8 3.7 3.9 3.7 4.2 lion from 2.4 million, following only Import .6 .7 .7 .7 .8 .8 slight increases in the preceding 2 2 ~~ years. The share of new car sales ac- Dollars counted for by imports increased to 24 Average unit value x of new cars3 11,165 11,413 11,260 11,318 11,325 11,470 percent from 23 /2 percent in 1984. Domestic 10,976 11,011 10,784 10,937 10,852 11,115 Sales of imports moved up sharply in Import 11,784 12,668 12,617 12,667 12,786 12,577 the second half of the 1985 model 1. End-<>f-quarter, not at annual rates. 1978 79 80 81 82 83 84 85 2. Ratio of end-of-quarter inventories to average monthly sales for the quarter. NOTE.—October through September sales for each model year. 3. Average retail price of each model (adjusted for options, 1. A model year is considered to begin on October 1, transaction prices, and sales taxes) weighted by the sales mix; and to end on the following September 30. Thus, Data: Motor Vehicle Manufacturers Association of the United States, not at annual rates. Inc. and Ward's Automotive Reports. Source: Motor Vehicle Manufacturers Association of the model year 1985 covers the fourth quarter of 1984 and United States, Inc. and Ward's Automotive Reports; seasonal the first, second, and third quarters of 1985. U.S. Department of Commerce, Bureau of Economic Analysis 85-10-5 adjustment by BEA.
29 30 SURVEY OF CURRENT BUSINESS October 1985 State Quarterly Personal
Table 1.—Quarterly Personal [Millions of dollars, seasonally
1978 1979 1980 Line I II III rv I II III IV I II III rv
1 United States 1 1,638,631 1,696,370 1,755,466 1,814,273 1,863,995 1,907,998 1,973,298 2,025,330 2,083,911 2,110,286 2,177,245 2,255,417 2 New England 94,265 97,263 100,442 103,102 106,369 108,505 112,256 115,239 119,353 121,516 125,343 129,919 3 Connecticut 26,927 27,855 28,780 29,667 30,558 31,261 32,413 33,433 34,547 35,252 36,358 37,820 4 Maine 6,735 6,940 7,118 7,301 7,525 7,700 7,970 8,138 8,432 8,546 8,820 9,148 5 Massachusetts 44,498 45,757 47,301 48,351 49,939 50,845 52,523 53,880 55,833 56,833 58,666 60,594 6 New Hampshire 6,266 6,483 6,724 6,952 7,204 7,412 7,663 7,832 8,196 8,323 8,571 8,958 7 Rhode Island 6,726 7,002 7,189 7,399 7,604 7,675 7,961 8,135 8,412 8,573 8,801 9,123 8 Vermont 3,113 3,226 3,330 3,431 3,540 3,613 3,724 3,822 3,934 3,989 4,126 4,276 9 Mideast 335,223 345,166 354,777 364,389 371,820 379,382 392,326 401,934 413,977 420,877 431,810 446,771 10 Delaware . 4,685 4,820 4,976 5,082 5,210 5,315 5,472 5,598 5,785 5,794 5,965 6,172 11 District of Columbia 6,356 6,469 6,621 6,809 6,886 7,024 7,227 7,436 7,545 7,610 7,848 8,089 12 Maryland . 33,691 34,858 35,890 37,028 37,890 38,597 39,943 40,907 42,356 42,936 44,177 45,725 13 New Jersey 61,826 63,797 65,665 67,432 68,864 70,246 72,585 74,625 76,833 78,246 80,410 83,525 14 New York. 141,731 145,493 149,217 153,180 155,474 158,938 164,528 168,373 173,214 177,089 181,709 188,027 15 Pennsylvania 86,933 89,729 92,409 94,857 97,496 99,261 102,571 104,994 108,244 109,202 111,700 115,234 16 Great Lakes 323,779 333,957 344,691 355,395 366,010 371,518 381,389 387,819 396,843 397,415 406,699 419,715 17 Illinois 96,482 99,186 102,033 104,567 107,101 109,466 113,305 115,182 116,869 117,181 120,346 123,411 18 Indiana 39,007 40,665 42,043 43,463 44,657 45,173 46,165 46,936 47,979 48,137 49,462 51,360 19 Michigan . 74,023 75,956 78,751 81,384 84,136 84,680 86,068 86,907 89,321 88,576 90,667 94,160 20 Ohio 80,095 83,079 85,630 88,559 91,218 92,127 94,643 96,581 99,162 100,022 101,783 105,186 21 Wisconsin 34,172 35,072 36,234 37,423 38,898 40,071 41,208 42,213 43,512 43,499 44,440 45,598 22 Plains 123,161 127,622 131,463 138,533 140,445 145,321 148,852 151,940 153,709 154,033 159,671 164,950 23 Iowa 21,821 22,633 23,459 24,237 24,679 25,270 25,674 25,748 26,147 26,050 27,023 28,096 24 Kansas . 17,325 18,069 18,667 20,055 20,191 21,307 21,869 22,501 22,520 22,589 23,421 24,265 25 Minnesota 30,255 31,096 32,086 33,542 34,312 35,531 36,367 37,379 38,381 38,517 39,906 40,975 26 Missouri 33,978 35,220 36,269 37,510 38,806 39,746 40,992 41,645 42,393 42,517 44,117 45,383 27 Nebraska 11,032 11,619 11,798 12,622 12,580 13,264 13,467 13,654 13,505 13,644 14,116 14,606 28 North Dakota 4,428 4,568 4,637 5,563 4,963 5,081 5,258 5,612 5,485 5,475 5,672 6,000 29 South Dakota 4,322 4,417 4,547 5,004 4,914 5,123 5,224 5,401 5,279 5,241 5,415 5,626 30 Southeast 321,485 335,029 347,284 358,381 368,882 377,031 390,033 402,338 414,393 420,712 435,880 452,411 31 Alabama 22,510 23,546 24,435 24,987 25,723 26,097 26,614 27,669 28,319 28,421 29,160 30,236 32 Arkansas 12,790 13,206 13,798 14,102 14,640 14,774 15,208 15,640 15,892 15,851 16,527 17,005 33 Florida 63,679 65,774 68,919 71,307 73,995 76,262 79,763 82,765 86,894 88,850 92,736 96,682 34 Georgia 33,564 34,665 35,950 37,113 38,189 39,030 40,369 41,506 42,341 43,051 44,551 46,383 35 Kentucky 21,331 22,803 23,466 24,176 24,962 25,414 26,233 26,801 27,233 27,414 28,262 29,068 36 Louisiana 25,413 26,519 27,630 28,493 29,285 30,068 31,495 32,639 33,766 34,523 36,077 37,543 37 Mississippi 12,956 13,513 13,922 14,304 14,746 15,002 15,487 15,979 16,157 16,245 16,931 17,402 38 North Carolina 35,211 36,470 37,663 39,014 39,864 40,657 41,565 42,768 44,046 44,845 46,245 47,969 39 South Carolina 17,587 18,066 18,680 19,343 19,783 20,384 21,033 21,762 22,222 22,623 23,329 24,251 40 Tennessee 27,141 28,280 29,210 30,134 31,101 31,506 32,498 33,272 34,240 34,554 35,728 36,806 41 Virginia 38,419 39,882 40,922 42,383 43,356 44,305 45,773 47,235 48,486 49,403 51,211 53,477 42 West Virginia 10,884 12,304 12,688 13,024 13,239 13,532 13,994 14,302 14,798 14,932 15,123 15,590 43 Southwest . 137,879 144,350 150,254 156,498 162,190 167,953 175,370 182,287 188,233 192,098 200,198 208,085 44 Arizona 16,632 17,342 18,269 19,035 19,927 20,546 21,674 22,406 23,217 23,681 24,309 25,517 45 New Mexico 7,593 7,917 8,243 8,520 8,756 9,062 9,401 9,696 10,050 10,159 10,490 10,787 46 Oklahoma 18,822 19,926 20,691 21,803 22,410 23,347 24,318 25,299 26,186 26,535 28,058 28,925 47 Texas 94,832 99,164 103,051 107,139 111,097 114,998 119,977 124,887 128,780 131,723 137,341 142,857 48 Rocky Mountain 43,673 45,611 47,159 49,383 50,422 52,119 54,415 55,925 58,039 58,814 60,702 63,365 49 Colorado 20,883 21,769 22,622 23,606 24,436 25,290 26,534 27,250 28,238 28,694 29,773 31,130 50 Idaho 5,846 6,110 6,285 6,605 6,600 6,775 6,972 7,165 7,530 7,453 7,694 8,015 51 Montana 5,183 5,397 5,497 5,889 5,678 5,861 6,069 6,210 6,396 6,424 6,582 6,879 52 Utah 8,314 8,669 8,958 9,295 9,561 9,841 10,285 10,563 10,905 11,133 11,357 11,823 53 Wyoming 3,447 3,666 3,798 3,988 4,147 4,351 4,555 4,737 4,970 5,111 5,296 5,519 54 Far West 247,250 255,302 267,057 275,889 285,008 293,040 305,090 313,954 324,870 330,134 341,789 354,343 55 California 191,405 197,393 207,009 213,326 220,647 226,419 235,738 242,854 251,416 256,105 265,218 275,031 56 Nevada 6,004 6,286 6,605 6,919 7,154 7,402 7,772 8,059 8,422 8,505 8,851 9,227 57 Oregon 18,743 19,382 19,988 20,787 21,295 22,033 22,822 23,386 24,060 24,086 24,746 25,429 58 Washington 31,099 32,241 33,455 34,858 35,912 37,186 38,759 39,655 40,971 41,439 42,974 44,655 59 Alaska 4,484 4,463 4,443 4,547 4,525 4,593 4,742 4,839 4,981 5,092 5,255 5,627 60 Hawaii 7,431 7,606 7,895 8,154 8,324 8,536 8,824 9,054 9,513 9,596 9,901 10,232
Census Regions
61 New Kngland 94,265 97,263 100,442 103,102 106,369 108,505 112,256 115,239 119,353 121,516 125,343 129,919 62 Middle Atlantic 290,491 299,019 307,290 315,470 321,834 328,445 339,684 347,993 358,291 364,537 373,819 386,785 63 East North Central 323,779 333,957 344,691 355,395 366,010 371,518 381,389 387,819 396,843 397,415 406,699 419,715 64 West North Central 123,161 127,622 131,463 138,533 140,445 145,321 148,852 151,940 153,709 154,033 159,671 164,950 65 South Atlantic 244,077 253,309 262,308 271,104 278,412 285,106 295,139 304,279 314,473 320,043 331,185 344,337 66 East South Central 83,937 88,142 91,034 93,602 96,532 98,019 100,833 103,720 105,949 106,634 110,082 113,511 67 West South Central 151,858 158,815 165,170 171,537 177,431 183,188 190,998 198,465 204,624 208,632 218,003 226,330 68 Mountain 73,902 77,157 80,277 83,858 86,259 89,128 93,262 96,086 99,728 101,160 104,351 108,895 69 Pacific 253,161 261,084 272,791 281,673 290,703 298,767 310,885 319,788 330,941 336,316 348,093 360,974
r Revised. NOTE.—Quarterly estimates for the years 1948-77 are available from the Regional Economic p Preliminary. Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce, Wash- ington, DC 20230. 1. The personal income shown for the United States differs from that in the national income and product accounts, primarily because it omits income received by Federal Government em- The quarterly estimates of State personal income were prepared by Isabelle B. Whlston, under ployees overseas. the supervision of Robert L. Brown. The table was prepared by Eunice P. James. October 1985 SURVEY OF CURRENT BUSINESS 31 Income, 1978:1-1985:11
Income, for States and Regions adjusted at annual rates]
1981 1982r 1983' 1984' 1985 I II III IV I II III IV I II III IV I II III IV I' II"
2,333,365 2,380,591 2,468,878 2,497,558 2,526,681 2,559,790 2,586,533 2,630,032 2,651,169 2,704,449 2,755,421 2,832,277 2,921,828 2,989,330 3,057,274 3,112,603 3,159,817 3,190,683 1 133,551 136,908 141,986 144,026 146,252 149,138 152,896 154,445 157,330 161,184 163,642 169,367 173,957 179,495 183,811 188,233 191,086 193,062 2 38,794 39,770 41,189 41,659 42,450 43,317 44,185 44,802 45,470 46,208 46,988 48,748 49,723 51,647 53,123 54,392 54,736 55,027 3 9,456 9,646 9,950 10,100 10,149 10,403 10,699 10,879 10,979 11,276 11,378 11,710 12,123 12,430 12,590 12,876 13,190 13,289 4 62,230 63,877 66,294 67,295 68,548 69,890 71,736 72,331 73,902 76,004 77,134 79,942 82,217 84,793 86,890 88,937 90,432 91,689 5 9,199 9,440 9,853 10,082 10,124 10,349 10,693 10,708 11,053 11,386 11,647 12,029 12,531 12,739 12,938 13,333 13,752 13,942 6 9,413 9,599 9,929 10,065 10,130 10,291 10,599 10,649 10,799 11,079 11,244 11,560 11,855 12,223 12,494 12,753 12,957 13,037 7 4,459 4,576 4,771 4,825 4,852 4,888 4,984 5,077 5,127 5,232 5,252 5,378 5,508 5,664 5,776 5,943 6,020 6,078 8 459,440 469,308 485,034 491,274 498,648 506,019 514,227 523,379 530,451 540,584 550,102 564,241 578,152 594,098 604,899 616,671 626,700 632,219 9 6,415 6,503 6,716 6,755 6,931 7,016 7,130 7,300 7,539 7,599 7,666 7,882 8,091 8,319 8,451 8,673 8,769 8,692 10 8,383 8,444 8,723 8,810 8,922 9,030 9,156 9,348 9,446 9,631 9,803 9,882 10,355 10,517 10,831 10,930 11,211 11,297 11 47,292 48,250 50,007 50,624 51,205 52,057 52,761 54,058 55,472 56,444 57,650 58,765 60,854 62,251 63,641 64,878 66,537 67,235 12 85,894 88,050 91,078 92,400 94,435 96,198 98,003 99,737 101,578 103,439 105,293 108,981 111,407 115,190 117,068 120,451 121,641 123,146 13 192,874 197,271 203,591 206,492 209,583 212,554 216,683 221,074 223,363 228,776 232,500 239,576 245,274 251,945 256,617 261,897 266,361 268,691 14 118,581 120,791 124,919 126,192 127,572 129,164 130,494 131,860 133,053 134,695 137,190 139,155 142,171 145,876 148,291 149,843 152,180 153,159 15 431,049 438,020 449,557 451,501 449,877 455,798 457,534 462,844 462,948 472,222 482,681 495,613 515,657 524,840 534,578 544,912 551,195 558,262 16 128,975 131,334 135,454 136,737 135,373 137,452 137,863 138,988 137,645 140,019 143,582 147,533 154,028 157,213 160,541 163,720 164,361 166,908 17 52,882 53,573 55,135 54,855 54,396 55,226 55,101 55,842 55,523 56,628 58,439 59,994 62,852 63,897 64,925 65,997 66,179 67,679 18 94,530 95,959 97,179 97,336 96,314 97,756 98,326 99,321 100,679 102,728 104,729 107,929 111,551 113,106 114,984 117,992 120,242 121,255 19 107,660 109,215 112,165 112,752 113,119 114,652 115,105 116,647 116,742 119,567 121,942 125,167 129,451 131,642 134,086 136,191 139,042 140,501 20 47,002 47,940 49,624 49,820 50,675 50,711 51,139 52,046 52,359 53,281 53,988 54,990 57,774 58,982 60,043 61,013 61,371 61,918 21 173,555 176,497 183,889 184,750 187,051 187,555 187,685 192,638 189,171 192,310 198,012 204,766 215,400 215,919 221,788 226,538 227,845 231,888 22 29,645 30,148 31,480 31,307 30,740 30,840 30,691 31,523 29,443 30,078 31,131 32,283 35,639 34,644 35,055 36,189 36,475 38,005 23 25,498 25,960 27,012 27,213 28,081 28,009 28,007 28,888 28,277 28,571 29,364 30,374 31,431 31,849 32,622 33,296 33,068 33,602 24 42,509 43,295 44,994 45,365 46,279 46,318 46,435 47,648 47,401 48,318 49,594 51,040 53,738 54,107 55,669 57,003 57,551 58,400 25 47,268 47,865 49,532 49,939 50,764 51,507 51,788 52,660 52,691 53,859 55,285 56,760 59,021 60,226 61,598 62,542 63,360 63,814 26 15,932 16,216 16,995 16,997 17,335 17,160 17,021 17,526 16,845 17,171 17,906 18,721 19,884 19,363 20,197 20,406 20,700 21,628 27 6,719 6,894 7,402 7,478 7,368 7,284 7,296 7,631 7,759 7,650 7,904 8,464 8,090 8,200 8,700 8,926 8,623 8,317 28 5,985 6,119 6,473 6,452 6,484 6,437 6,447 6,761 6,755 6,664 6,830 7,125 7,596 7,530 7,947 8,177 8,069 8,123 29 470,735 479,172 499,285 505,555 513,975 520,696 526,429 537,564 544,500 556,552 567,409 581,790 601,290 616,030 631,952 642,272 652,811 657,309 30 31,460 31,718 32,964 33,114 33,619 34,018 34,235 34,892 35,377 36,120 36,787 37,460 38,694 39,463 40,431 40,888 41,837 42,145 31 17,862 18,078 18,811 18,912 19,135 19,278 19,345 19,771 20,004 20,266 20,686 21,229 22,502 22,569 23,238 23,823 24,538 23,850 32 100,783 103,950 108,281 110,058 111,566 113,375 115,531 118,464 120,343 123,925 126,597 129,914 133,874 138,494 142,649 145,313 147,493 149,791 33 48,262 49,169 50,939 51,559 52,924 53,770 54,565 56,195 57,430 58,945 60,131 62,286 64,852 66,370 68,398 70,045 71,554 72,260 34 30,535 30,540 32,314 32,470 33,368 33,267 33,267 34,156 33,815 34,233 34,804 35,562 36,938 38,021 38,892 39,539 39,549 39,820 35 39,153 40,263 41,989 42,879 43,481 43,960 44,142 44,055 44,926 44,790 45,478 46,280 46,954 47,887 49,026 49,063 49,703 49,528 36 18,028 18,350 18,921 19,187 19,591 19,949 19,899 20,317 20,161 20,466 20,991 21,624 22,460 22,363 22,989 23,397 23,816 23,495 37 49,638 50,737 52,747 53,149 53,773 54,573 55,162 56,513 57,761 59,059 60,357 61,933 64,162 66,205 67,766 69,429 69,800 70,174 38 25,048 25,612 26,443 26,880 27,198 27,535 27,924 28,490 28,835 29,722 30,428 31,263 32,473 33,081 33,764 34,222 34,758 35,053 39 38,328 38,946 40,240 40,358 41,131 41,590 42,044 42,953 43,107 44,029 44,772 45,991 47,473 48,713 49,749 50,633 51,297 51,700 40 55,436 56,365 58,669 59,849 60,730 61,730 62,853 64,187 65,254 67,153 68,473 69,978 72,361 73,862 75,768 76,785 78,994 79,881 41 16,201 15,443 16,966 17,140 17,458 17,650 17,463 17,570 17,487 17,844 17,905 18,270 18,548 19,002 19,282 19,133 19,472 19,609 42 219,196 224,909 236,342 242,011 247,964 251,067 252,789 255,530 257,099 261,204 265,382 273,444 280,322 287,394 294,880 298,247 304,285 306,669 43 26,282 27,061 28,244 28,650 28,490 28,975 29,251 29,749 30,356 31,385 32,551 33,371 34,818 35,516 36,944 37,325 38,827 39,365 44 11,236 11,494 11,968 12,165 12,500 12,675 12,795 13,026 13,075 13,337 13,615 13,862 14,141 14,492 14,847 14,958 15,262 15,427 45 30,353 31,194 32,991 33,826 35,333 35,668 35,785 36,170 35,302 35,696 35,939 37,114 37,473 38,303 38,653 39,321 39,264 39,536 46 151,325 155,160 163,138 167,370 171,641 173,748 174,958 176,585 178,365 180,787 183,276 189,096 193,889 199,084 204,436 206,642 210,932 212,342 47 65,911 67,251 70,479 71,546 72,602 73,694 74,212 75,484 76,088 77,364 78,703 80,985 81,951 84,333 86,525 87,667 87,911 88,649 48 32,416 33,295 35,038 35,878 36,765 37,473 37,705 38,460 39,054 39,676 40,486 41,466 42,332 43,696 44,700 45,289 45,549 46,065 49 8,383 8,499 8,847 8,764 8,688 8,725 8,750 8,993 9,153 9,242 9,284 9,608 9,661 9,956 10,308 10,469 10,485 10,484 50 7,113 7,235 7,552 7,555 7,604 7,732 7,821 8,004 7,881 8,052 8,242 8,607 8,314 8,568 8,840 9,039 8,727 8,558 51 12,273 12,404 12,970 13,165 13,397 13,582 13,782 13,980 14,034 14,461 14,688 15,189 15,578 15,937 16,306 16,475 16,789 16,997 52 5,726 5,819 6,072 6,185 6,147 6,181 6,154 6,047 5,967 5,933 6,004 6,114 6,066 6,176 6,370 6,394 6,361 6,545 53 363,525 371,726 384,935 389,034 392,131 397,116 401,103 408,210 413,209 422,510 428,655 440,081 453,458 465,111 476,542 484,968 495,157 499,698 54 281,968 288,533 299,203 303,079 305,678 310,094 313,556 319,490 323,457 331,286 336,848 346,008 358,013 367,161 376,182 383,455 392,632 396,707 55 9,554 9,809 10,124 10,209 10,322 10,404 10,519 10,651 10,705 11,004 11,108 11,476 11,693 12,012 12,277 12,548 12,763 12,888 56 26,074 26,366 27,021 26,882 26,866 26,944 27,119 27,473 27,913 28,365 28,582 29,320 29,985 30,764 31,471 31,987 32,265 32,342 57 45,930 47,018 48,587 48,864 49,266 49,674 49,910 50,597 51,134 51,855 52,118 53,278 53,768 55,174 56,612 56,978 57,497 57,762 58 5,862 6,074 6,350 6,634 6,836 7,180 7,890 8,162 8,073 8,049 8,289 9,023 8,503 8,593 8,614 9,247 8,764 8,737 59 10,540 10,725 11,022 11,228 11,344 11,527 11,769 11,776 12,299 12,469 12,547 12,967 13,138 13,517 13,685 13,849 14,063 14,191 60 Census Regions
133,551 136,908 141,986 144,026 146,252 149,138 152,896 154,445 157,330 161,184 163,642 169,367 173,957 179,495 183,811 188,233 191,086 193,062 61 397,349 406,111 419,589 425,084 431,590 437,917 445,180 452,672 457,994 466,911 474,983 487,712 498,853 513,010 521,976 532,191 540,183 544,996 62 431,049 438,020 449,557 451,501 449,877 455,798 457,534 462,844 462,948 472,222 482,681 495,613 515,657 524,840 534,578 544,912 551,195 558,262 63 173,555 176,497 183,889 184,750 187,051 187,555 187,685 192,638 189,171 192,310 198,012 204,766 215,400 215,919 221,788 226,538 227,845 231,888 64 357,460 364,473 379,491 384,825 390,707 396,735 402,545 412,127 419,567 430,322 439,010 450,173 465,570 478,101 490,550 499,407 508,588 513,992 65 118,351 119,555 124,438 125,129 127,710 128,824 129,444 132,318 132,460 134,848 137,354 140,636 145,564 148,560 152,060 154,458 156,499 157,161 66 238,693 244,695 256,931 262,987 269,591 272,654 274,230 276,580 278,598 281,538 285,379 293,720 300,819 307,843 315,352 318,850 324,437 325,256 67 112,983 115,615 120,815 122,571 123,914 125,748 126,777 128,911 130,225 133,089 135,977 139,694 142,602 146,352 150,593 152,498 154,763 156,328 68 370,373 378,716 392,183 396,686 399,989 405,420 410,242 417,497 422,877 432,024 438,383 450,596 463,406 475,209 486,565 495,516 505,222 509,738 69 By REGIONAL ECONOMIC ANALYSIS DIVISION
Metropolitan Area Projections of Income, Employment, and Population to the Year 2000
THIS article presents metropolitan Metropolitan areas are defined in the NECMA definitions are used in area projections to the year 2000 of terms of counties in all regions except the projections. total personal income, per capita per- New England, where cities and towns sonal income, employment, and popu- are the primary units. In this region, The 330 metropolitan areas in table lation. These projections are consist- OMB recognizes alternative county- 1 consist of 243 MSA's, 15 NECMA's, ent with the State projections that ap- based definitions, termed New Eng- and 17 CMSA's comprising 55 peared in an article in the May 1985 land County Metropolitan Areas PMSA's. The table lists the metropoli- SURVEY OF CURRENT BUSINESS. (NECMA's). Because there are insuffi- tan areas in alphabetical order, with Table 1 shows projections for 330 cient data to estimate economic activ- CMSA's first, followed by the other metropolitan areas recognized by the ity for New England cities and towns, metropolitan areas. Office of Management and Budget (OMB) for Federal statistical pur- poses. Most of the areas are classified Acknowledgments as Metropolitan Statistical Areas The metropolitan area projections program is under the general direction of Daniel H. Garnick, Associate Director for Regional Economics, and under the supervision of Hugh W. (MSA's). However, if an area has Knox, Chief of the Regional Economic Analysis Division (READ). Kenneth P. Johnson, Chief more than 1 million residents and of the Projections Branch, READ, had major responsibility for preparation of the metropoli- meets other criteria, it is classified as tan area projections, and Edward A. Trott, Jr., Eugene R. Janisch, Duane G. Hackmann, a Consolidated Metropolitan Statisti- Lyle Spatz, Gerard P. Aman, George K. Downey, James M. Younger, and Lynne A. Perry made significant contributions to them. The projections were developed from historical data cal Area (CMSA), consisting of two or provided by the Regional Economic Measurement Division, under the supervision of Linnea more Primary Metropolitan Statisti- Hazen, Acting Chief. cal Areas (PMSA's).
Table 1.—Total Personal Income, Per Capita Personal Income, Population, and Employment by Metropolitan Area, 1983,1990, and 2000
Total personal income Per capita personal income Population Employment Millions of 1972 dollars Average 1972 dollars Rank Thousands of persons Average Thousands of jobs Average annual in the annual annual growth United growth growth rate States rate rate 1983 1990 2000 (percent) 1983 1990 2000 1983 1990 2000 (percent) 1983 1990 2000 (percent) 1983- 2000 1983- 1983- 2000 2000 2000
United States 1 1,280,180 1,603,313 1,970,899 2.6 5,471 6,434 7,369 233,975.0 249,203.0 267,464.0 0.8 106,891.0 123,071.0 138,338.0 1.5 Consolidated Metropolitan Statistical Areas2 Buffalo, NY ... 6,504 7,650 8,842 1.8 5,304 6,163 6,942 1,226.3 1,241.3 1,273.6 .2 511.9 558.5 599.8 .9 Chicago IL 49,720 58,597 67,655 1.8 6,203 7,231 8,191 8,015.9 8,103.2 8,259.4 .2 3,695.4 4,104.4 4,463.9 1.1 Cincinnati, OH 9,103 11,173 13,276 2.2 5,465 6,594 7,677 1,665.6 1,694.5 1,729.3 .2 734.2 835.6 908.3 1.3 Cleveland, OH 16,407 18,908 21,238 1.5 5,853 7,045 8,107 2,802.9 2,683.9 2,619.8 .4 1,255.9 1,365.2 1,427.8 .8 Dallas TX 21,172 27,412 34,622 2.9 6,482 7,519 8,478 3,266.1 3,645.8 4,084.0 1.3 1,771.9 2,117.8 2,465.2 2.0 Denver CO 11,937 15,792 21,188 3.4 6,752 7,783 8,803 1,767.8 2,029.0 2,406.8 1.8 985.8 1,211.2 1,497.6 2.5 Detroit MI 27,134 32,442 36,682 1.8 5,892 7,104 8,094 4,605.0 4,566.8 4,531.8 .1 1,871.5 2,097.2 2,190.8 .9 Houston, TX 22,475 30,420 39,604 3.4 6,312 7,361 8,344 3,561.0 4,132.7 4,746.1 1.7 1,735.3 2,154.1 2,570.4 2.3 Los Angeles CA 76,360 96,030 120,153 2.7 6,264 7,146 8,075 ••"'• 12,190.6 13,438.0 14,879.1 1.2 5,773.4 6,762.2 7,786.5 1.8 Miami, FL 16,960 20,760 25,828 2.5 6,073 6,911 7,808 2,792.6 3,003.7 3,308.0 1.0 1,273.6 1,495.7 1,732.6 1.8 Milwaukee WI . 9,482 11,232 13,143 1.9 6,037 7,106 8,175 1,570.8 1,580.6 1,607.6 .1 763.4 837.5 903.9 1.0 New York, NY 119,233 142,190 168,568 2.1 6,791 7,811 8,796 17,558.1 18,203.5 19,163.5 .5 8,447.6 9,471.6 10,432.2 1.2 Philadelphia PA 34,191 41,066 48,360 2.1 5,959 7,011 8,063 5,737.8 5,857.0 5,997.7 .3 2,652.7 2,928.9 3,155.1 1.0 Pittsburgh PA 13,280 15,220 17,265 1.6 5,534 6,370 7,305 2,399.8 2,389.3 2,363.3 -.1 983.8 1,074.0 1,130.9 .8 Portland OR 7,490 9,498 12,044 2.8 5,626 6,613 7,640 1,331.5 1,436.4 1,576.3 1.0 622.7 737.2 861.2 1.9 San Francisco CA 40,807 51,337 64,122 2.7 7,256 8,388 9,523 5,623.5 6,120.1 6,733.6 1.1 2,960.6 3,546.8 4,147.7 2.0 Seattle WA 13,587 17,656 22,227 2.9 6,212 7,251 8,156 2,187.2 2,434.9 2,725.3 1.3 1,074.1 1,298.4 1,508.6 2.0 Other Metropolitan Areas 3 Abilene, TX 667 909 1,189 3.5 5,513 6,508 7,407 109 121.1 139.8 160.5 1.7 65.2 78.1 91.5 2.0 Akron OH * 3,537 4,105 4,641 1.6 5,423 6,531 7,470 99 652.1 628.5 621.3 .3 266.7 293.2 310.5 .9 Albany GA 501 667 867 3.3 4,320 5,297 6,320 248 116.0 126.0 137.2 1.0 53.4 61.9 70.0 1.6 Albany-Schenectady-Troy NY 4,656 5,544 6,513 2.0 5,538 6,407 7,244 136 840.7 865.3 899.1 .4 389.9 431.0 467.6 1.1 Albuquerque NM . .... 2,387 3,093 4,040 3.1 5,393 6,272 7,268 129 442.5 493.1 555.9 1.4 221.3 266.1 318.4 2.2 Alexandria LA . 552 662 791 2.1 4,030 4,705 5,501 306 137.0 140.7 143.8 .3 54.6 56.9 59.7 .5 Allentown-Bethlehem PA-NJ 3,659 4,471 5,260 2.2 5,688 6,605 7,575 88 643.3 676.9 694.3 .4 281.3 316.9 340.7 1.1 Altoona PA 564 660 760 1.8 4,172 4,966 5,822 292 135.1 132.9 130.6 -.2 52.6 56.7 59.2 .7 Amarillo TX 1,039 1,322 1,644 2.7 5,582 6,528 7,387 111 186.1 202.5 222.5 1.1 90.6 105.3 120.0 1.7
See footnotes at end of table.
32 October 1985 SURVEY OF CURRENT BUSINESS 33
Table 1.—Total Personal Income, Per Capita Personal Income, Population, and Employment by Metropolitan Area, 1983,1990, and 2000— Continued
Total personal income Per capita personal income Population Employment Millions of 1972 dollars Average 1972 dollars Rank Thousands of persons Average Thousands of jobs Average annual growth United growth growth rate States rate rate 1983 1990 2000 (percent) 1983 1990 2000 1983 1990 2000 (percent) 1983 1990 2000 (percent) 1983- 2000 1983- 1983- 2000 2000 2000
Anaheim-Santa Ana, CA * 14,700 20,131 26,385 3.5 7,140 8,414 9,677 7 2,059.0 2,392.5 2,726.4 1.7 1,002.0 1,330.7 1,649.1 3.0 Anchorage, AK 1,881 2,490 3,314 3.4 8,904 9,862 10,811 2 211.2 252.4 306.6 2.2 126.0 158.5 201.7 2.8 Anderson IN 631 764 873 1.9 4,681 5,790 6,682 205 134.7 132.0 130.6 -.2 52.2 56.8 58.3 .7 Anderson, SC 573 736 928 2.9 4,160 5,081 6,041 272 137.7 144.8 153.5 .6 56.0 61.9 67.1 1.1 Ann Arbor MI * 1,618 2,052 2,418 2.4 6,280 7,789 9,076 15 257.7 263.4 266.4 .2 148.1 181.3 204.3 1.9 Anniston AL . 497 587 702 2.1 4,003 4,725 5,572 303 124.1 124.3 126.0 .1 54.8 58.3 62.2 .7 Appleton-Oshkosh-Neenah, WI 1,586 1,966 2,373 2.4 5,339 6,300 7,234 139 297.1 312.1 328.1 .6 147.4 168.0 187.0 1.4 Asheville NC 774 963 1,189 2.6 4,682 5,499 6,319 249 165.3 175.1 188.1 .8 80.8 91.2 100.3 1.3 Athens, GA 605 762 952 2.7 4,474 5,225 6,005 273 135.2 145.8 158.5 .9 64.3 73.5 82.5 1.5 Atlanta GA 13,481 18,011 23,590 3.3 5,848 6,779 7,782 64 2,305.0 2,656.9 3,031.5 1.6 1,238.3 1,499.2 1,756.0 2.1 Atlantic City, NJ 1,724 2,237 2,873 3.0 6,072 7,081 8,065 41 284.0 316.0 356.3 1.3 152.0 185.6 220.3 2.2 Augusta, GA-SC 1,702 2,085 2,557 2.4 4,716 5,498 6,340 244 360.8 379.2 403.3 .7 163.1 182.9 201.1 1.2 Aurora-Elgin IL * 1,881 2,380 2,849 2.5 5,880 6,906 7,815 57 320.0 344.6 364.6 .8 137.4 161/1 183.6 1.7 Austin, TX 3,456 4,971 6,812 4.1 5,588 6,516 7,416 108 618.4 762.8 918.6 2.4 333.3 426.4 523.6 2.7 Bakersfield CA 2,269 2,940 3,745 3.0 5,079 5,726 6,381 241 446.8 513.5 586.8 1.6 190.5 223.7 259.7 1.8 Baltimore, MD 12,806 15,480 18,108 2.1 5,737 6,698 7,576 87 2,232.2 2,311.3 2,390.0 .4 1,091.6 1,196.2 1,272.5 .9 Bangor ME (NECMA) 619 736 888 2.1 4,512 5,180 5,969 282 137.3 142.2 148.7 .5 64.7 70.7 77.8 1.1 Baton Rouge, LA 2,798 3,573 4,532 2.9 5,269 6,244 7,286 127 531.1 572.3 622.0 .9 229.5 274.4 322.6 2.0 Battle Creek MI 715 876 985 1.9 5,188 6,340 7,263 131 137.8 138.1 135.6 -.1 55.6 60.8 61.6 .6 Beaumont-Port Arthur, TX 2,183 2,558 3,012 1.9 5,624 6,494 7,336 118 388.1 393.9 410.6 .3 158.8 173.8 189.8 1.1 Beaver County PA * 1,015 1,201 1,389 1.9 5,025 5,939 6,940 177 201.9 202.2 200.2 I 63.6 75.0 81.2 1.4 Bellingham WA 525 700 919 3.3 4,753 5,452 6,205 263 110.4 128.4 148.0 1.7 46.8 58.1 69.9 2.4 Benton Harbor, MI 791 937 1,032 1.6 4,829 5,944 6,807 193 163.9 157.6 151.6 .5 64.3 69.9 70.7 .6 Bergen-Passaic NJ * 9,734 11,871 14,217 2.3 7,540 8,807 9,931 4 1,291.0 1,347.9 1,431.5 .6 660.2 751.7 836.8 1.4 Billings MT . 636 813 1,038 2.9 5,462 6,301 7,192 149 116.4 129.0 144.4 1.3 58.3 70.3 83.3 2.1 Biloxi-Gulfport MS 788 1,037 1,352 3.2 4,095 4,895 5,895 286 192.5 211.9 229.4 1.0 86.1 99.4 113.3 1.6 Binghamton NY 1,382 1,717 2,028 2.3 5,212 6,081 6,886 186 265.1 282.3 294.5 .6 121.6 140.0 153.1 1.4 Birmingham, AL 4,428 5,413 6,716 2.5 4,972 5,891 6,952 175 890.5 919.0 966.0 .5 392.9 430.8 477.2 1.1 Bismarck ND 492 628 805 2.9 5,838 6,755 7,679 76 84.2 92.9 104.8 1.3 41.7 49.2 57.5 1.9 Bloomington, IN 404 542 690 3.2 4,047 5,112 6,140 269 99.8 106.0 112.4 .7 48.0 56.6 63.3 1.6 Bloomington— Normal IL 648 835 1,000 2.6 5,356 6,589 7,566 90 121.0 126.8 132.1 .5 58.4 68.4 78.2 1.7 Boise City ID 1,007 1,313 1,740 3.3 5,465 6,292 7,273 128 184.3 208.6 239.3 1.5 91.3 112.3 137.3 2.4 Boston-Lawrence-Salem-Lowell- Brockton MA (NECMA) 24,586 30,847 38,359 2.7 6,693 7,835 8,918 18 3,673.4 3,936.8 4,301.3 .9 2,064.9 2,439.1 2,784.7 1.8 Boulder— Longmont CO * 1,334 1,868 2,694 4.2 6,465 7,688 9,032 17 206.4 243.0 298.3 2.2 112.3 148.4 196.0 3.3 Bradenton FL .. . 925 1,277 1,749 3.8 5,568 6,472 7,417 107 166.1 197.3 235.8 2.1 60.5 84.0 110.4 3.6 Brazoria TX * 1,034 1,419 1,848 3.5 5,553 6,537 7,442 104 186.3 217.1 248.3 1.7 65.7 84.1 101.5 2.6 Bremerton WA . 911 1,217 1,566 3.2 5,706 6,383 7,213 145 159.7 190.6 217.1 1.8 68.2 88.2 104.2 2.5 Bridgeport-Stamford-Norwalk-Danbury, CT * 7,032 8,923 11,239 2.8 8,604 9,772 10,809 3 817.2 913.1 1,039.8 1.4 427.7 524.4 617.0 2.2 Brownsville-Harlingen, TX 725 967 1,254 3.3 3,115 3,747 4,330 311 232.7 258.2 289.7 1.3 77.0 91.2 106.2 1.9 Bryan-College Station TX 473 680 937 4.1 4,253 5,070 5,861 290 111.2 134.2 159.8 2.2 51.9 66.9 82.7 2.8 Buffalo NY* 5,346 6,292 7,298 1.8 5,336 6,193 6,979 172 1,001.8 1,016.0 1,045.8 .3 428.2 466.3 501.2 .9 Burlington NC 489 598 728 2.4 4,812 5,545 6,302 252 101.6 107.8 115.5 .8 50.6 56.6 61.7 1.2 Burlington VT (NECMA) 646 891 1,171 3.6 5,221 6,316 7,333 121 123.8 141.0 159.7 1.5 69.6 88.6 105.7 2.5 Canton OH 2,019 2,445 2,825 2.0 5,010 6,156 7,170 153 403.0 397.1 393.9 -.1 157.8 177.1 189.2 1.1 Casper WY 522 679 915 3.4 6,762 7,845 9,075 16 77.2 86.5 100.9 1.6 39.5 49.1 60.6 2.6 Cedar Rapids LA 967 1,152 1,345 2.0 5,715 6,724 7,755 70 169.2 171.3 173.4 .1 86.8 98.5 108.1 1.3 Champaign-Urbana-Rantoul, IL 799 989 1,175 2.3 4,723 5,638 6,502 228 169.1 175.4 180.8 .4 83.3 93.5 103.9 1.3 Charleston SC 2,021 2,604 3,383 3.1 4,354 5,193 6,072 270 464.1 501.5 557.1 1.1 209.6 241.7 276.9 1.7 Charleston WV 1,452 1,727 2,010 1.9 5,394 6,355 7,310 123 269.1 271.7 274.9 .1 118.3 133.4 145.8 1.2 Charlotte-Gastonia-Rock Hill, NC-SC 5,323 6,760 8,554 2.8 5,221 6,054 6,911 182 1,019.5 1,116.6 1,237.8 1.1 540.3 625.1 705.9 1.6 Charlottesville VA 599 783 992 3.0 5,103 6,083 7,066 165 117.4 128.7 140.4 1.1 65.3 78.5 90.6 1.9 Chattanooga TN-GA 1,986 2,507 3,092 2.6 4,657 5,582 6,425 239 426.5 449.0 481.3 186.5 209.7 228.8 1.2 Chicago IL * 38,549 44,598 50,788 1.6 6,300 7,324 8,284 33 6,119.0 6,089.3 6,130.6 0 2,973.0 3,266.1 3,528.1 1.0 Chico CA 686 894 1,167 3.2 4,436 5,077 5,747 296 154.7 176.1 203.0 1.6 54.0 68.4 84.3 2.6 Cincinnati OH-KY-IN * 7,744 9,419 11,146 2.2 5,514 6,651 7,767 67 1,404.5 1,416.1 1,435.0 .1 642.9 729.5 791.6 1.2 Clarksville-Hopkinsville, TN-KY 621 760 919 2.3 4,114 4,985 5,914 285 151.0 152.4 155.3 .2 70.8 77.2 82.9 .9 Cleveland OH * 11,517 13,128 14,624 1.4 6,134 7,369 8,486 27 1,877.5 1,781.6 1,723.2 -.5 899.4 971.8 1,010.6 .7 Colorado Springs CO 1,785 2,486 3,430 3.9 5,252 6,215 7,155 157 339.9 399.9 479.4 2.0 172.5 217.2 269.6 2.7 Columbia MO 501 640 816 2.9 4,818 5,612 6,500 229 103.9 114.0 125.5 1.1 55.3 65.4 75.4 1.8 Columbia SC 2,127 2,647 3,371 2.7 4,967 5,683 6,495 230 428.2 465.8 519.1 1.1 226.6 261.0 298.6 1.6 Columbus GA-AL 1,056 1,285 1,560 2.3 4,367 5,146 5,994 277 241.9 249.7 260.3 .4 118.2 128.5 138.0 .9 Columbus OH 6,765 8,505 10,354 2.5 5,358 6,379 7,336 119 1,262.6 1,333.2 1,411.4 .7 613.8 716.1 798.8 1.6 Corpus Christi TX 1,750 2,187 2,707 2.6 4,917 5,821 6,657 207 356.0 375.8 406.6 .8 152.8 173.5 195.6 1.5 Cumberland MD-WV 434 509 576 1.7 4,100 4,810 5,447 307 105.9 105.8 105.8 0 37.4 40.0 41.5 .6 Dallas TX * 14,450 18,667 23,599 2.9 6,658 7,716 8,701 20 2,170.2 2,419.3 2,712.3 1.3 1,269.6 1,511.3 1,757.4 1.9 Danville VA 458 551 653 2.1 4,134 4,948 5,775 295 110.7 111.3 113.0 .1 48.1 50.4 52.5 .5 Davenport-Rock Island-Moline, IA-IL 2,090 2,592 3,056 2.3 5,436 6,551 7,574 89 384.4 395.7 403.4 .3 170.0 189.5 205.2 1.1 Dayton-Springfield OH 4,992 5,881 6,720 1.8 5,335 6,394 7,335 120 935.7 919.8 916.1 -.1 420.5 467.2 497.4 1.0 Daytona Beach FL 1,412 2,008 2,765 4.0 4,875 5,662 6,478 232 289.6 354.7 426.8 2.3 104.0 131.7 161.4 2.6 Decatur IL 690 812 906 1.6 5,331 6,370 7,232 140 129.5 127.5 125.3 -.2 55.3 60.4 64.2 .9 Denver CO * • • 10,602 13,924 18,494 3.3 6,790 7,796 8,771 19 1,561.5 1,786.1 2,108.5 1.8 873.4 1,062.8 1,301.6 2.4 Des Moines IA 2,260 2,745 3,333 2.3 6,030 7,044 8,268 34 374.9 389.8 403.1 .4 209.3 235.5 259.8 1.3 Detroit MI * 25,515 30,391 34,264 1.7 5,869 7,062 8,033 44 4,347.4 4,303.4 4,265.4 -.1 1,723.4 1,915.9 1,986.5 .8 Dothan AL 517 652 819 2.7 4,125 5,029 6,056 271 125.2 129.6 135.2 .5 63.0 70.1 77.7 1.2 442 540 638 2.2 4,802 5,838 6,798 194 92.1 92.5 93.9 .1 44.1 48.8 52.4 1.0 Duluth MN-Wi 1,202 1,378 1,600 1.7 4,649 5,475 6,288 253 258.5 251.8 254.4 -.1 98.2 104.6 110.7 .7 Eau Claire WI 609 770 945 2.6 4,545 5,471 6,320 247 133.9 140.7 149.6 .7 60.8 69.6 78.2 1.5 El Paso TX 1,981 2,507 3,163 2.8 3,881 4,621 5,358 309 510.5 542.5 590.4 .9 201.9 229.1 258.6 1.5 Elkhart Goshen IN 765 1,013 1,285 3.1 5,512 6,812 8,016 45 138.8 148.7 160.3 .9 87.1 106.3 118.4 1.8 Elmira NY 459 539 621 1.8 4,774 5,706 6,577 223 96.2 94.4 94.4 .1 37.3 40.2 42.6 .8 Enid OK 392 492 614 2.7 5,795 7,221 8,521 26 67.7 68.2 72.0 .4 33.1 37.3 42.0 1.4 Erie PA 1,368 1,646 1,898 1.9 4,880 5,717 6,590 218 280.4 287.9 288.0 .2 118.7 132.1 139.9 1.0 Eugene Springfield OR 1,223 1,577 2,028 3.0 4,553 5,461 6,371 243 268.5 288.8 318.3 1.0 108.7 129.0 152.3 2.0 Evansville IN KY ' 1,473 1,914 2,333 2.7 5,288 6,581 7,701 75 278.6 290.8 302.9 .5 132.4 154.6 170.4 1.5 Fargo-Moorhead ND-MN 786 962 1,188 2.5 5,598 6,487 7,361 115 140.4 148.3 161.3 .8 73.3 83.3 93.9 1.5 Fayetteville NC 1,023 1,229 1,474 2.2 4,107 4,840 5,566 304 249.0 254.0 264.8 .4 122.6 132.7 141.3 .8
See footnotes at end of table. 34 SURVEY OF CURRENT BUSINESS October 1985
Table 1.—Total Personal Income, Per Capita Personal Income, Population, and Employment by Metropolitan Area, 1983,1990, and 2000— Continued
Total personal income Per capita personal income Population Employment Millions of 1972 dollars Average 1972 dollars Rank Thousands of persons Average Thousands of jobs Average annual growth United growth growth rate States rate rate 1983 1990 2000 (percent) 1983 1990 2000 1983 1990 2000 (percent) 1983 1990 2000 (percent) 1983- 2000 1983- 1983- 2000 2000 2000
Fayetteville-Springdale AR 433 568 733 3.2 4,215 5,118 5,987 278 102.6 110.9 122.5 1.0 48.6 58.5 68.4 2.0 Flint MI 2,435 2,933 3,333 1.9 5,560 6,649 7,521 93 438.0 441.1 443.2 .1 172.2 197.7 208.7 1.1 Florence AL . . . 613 736 882 2.2 4,511 5,336 6,232 260 135.9 138.0 141.5 .2 53.5 58.5 63.6 1.0 Florence, SC 458 633 832 3.6 4,044 4,992 5,929 284 113.2 126.8 140.3 1.3 52.9 62.0 69.9 1.6 Fort Collins-Loveland CO 811 1,177 1,659 4.3 5,006 5,825 6,577 222 162.1 202.1 252.2 2.6 68.8 91.8 118.7 3.3 Fort Lauderdale-Hollywood-Pompano Beach FL * 7,195 9,432 12,281 3.2 6,704 7,617 8,581 24 1,073.2 1,238.2 1,431.1 1.7 431.4 551.0 675.7 2.7 Fort Myers-Cape Coral, FL 1,311 2,066 3,054 5.1 5,437 6,301 7,158 156 241.2 327.9 426.7 3.4 95.0 137.0 184.2 4.0 Fort Pierce FL 914 1,441 2,123 5.1 5,076 5,795 6,566 225 180.1 248.7 323.4 3.5 67.8 94.6 123.6 3.6 Fort Smith, AR-OK .. 716 953 1,237 3.3 4,280 5,014 5,797 294 167.3 190.0 213.4 1.4 74.5 91.0 105.9 2.1 Fort Walton Beach FL 557 806 1,118 4.2 4,630 5,444 6,271 254 120.3 148.1 178.2 2.3 58.0 71.1 85.3 2.3 Fort Wayne IN 1,796 2,234 2,668 2.4 5,147 6,236 7,208 146 349.0 358.2 370.1 .3 170.2 194.9 210.7 1.3 Fort Worth-Arlington TX * 6,722 8,744 11,024 3.0 6,135 7,130 8,037 43 1,095.8 1,226.4 1,371.6 1.3 502.3 606.4 707.8 2.0 Fresno CA 2,789 3,579 4,515 2.9 5,113 5,876 6,586 220 545.5 609.2 685.5 1.4 241.5 288.9 339.5 2.0 Gadsden, AL 431 515 615 2.1 4,163 4,952 5,815 293 103.6 104.0 105.7 .1 37.0 40.0 43.1 .9 Gainesville FL 759 1,065 1,459 3.9 4,125 4,858 5,629 301 184.0 219.2 259.1 2.0 87.2 107.7 129.9 2.4 Galveston-Texas City, TX * 1,231 1,486 1,769 2.2 5,769 6,652 7,505 94 213.3 223.5 235.7 .6 76.8 83.8 90.8 1.0 Gary-Hammond IN * 3,346 4,043 4,731 2.1 5,229 6,261 7,199 147 639.9 645.7 657.2 .2 242.0 272.3 290.0 1.1 Glens Falls, NY 497 633 765 2.6 4,449 5,251 5,986 279 111.8 120.6 127.8 .8 46.5 54.1 59.9 1.5 Grand Forks, ND 336 403 497 2.3 5,017 5,814 6,727 202 67.0 69.3 73.9 .6 35.7 39.5 43.7 1.2 Grand Rapids, MI 3,242 4,307 5,250 2.9 5,306 6,465 7,371 113 611.0 666.2 712.3 .9 300.7 375.9 425.1 2.1 Great Falls MT 398 469 558 2.0 4,912 5,742 6,626 211 80.9 81.7 84.2 .2 37.7 41.4 45.0 1.0 Greeley CO 647 861 1,139 3.4 4,959 5,773 6,524 227 130.4 149.2 174.5 1.7 52.3 62.3 74.3 2.1 Green Bay WI 984 1,249 1,550 2.7 5,477 6,514 7,550 91 179.6 191.8 205.3 .8 90.4 108.3 124.6 1.9 Greensboro- Winston-Salem-High Point, NC 4,629 5,861 7,274 2.7 5,284 6,247 7,216 144 876.0 938.2 1,008.1 .8 465.7 531.4 584.6 1.3 Greenville-Spartanburg SC 2,795 3,502 4,416 2.7 4,738 5,564 6,451 235 590.0 629.5 684.6 .9 295.9 338.1 380.0 1.5 Hagerstown MD 518 633 763 2.3 4,603 5,550 6,494 231 112.5 114.0 117.5 .3 45.7 52.9 57.5 1.4 Hamilton-Middletown OH * 1,359 1,754 2,130 2.7 5,206 6,301 7,238 137 261.1 278.4 294.2 .7 91.3 106.1 116.8 1.5 Harrisburg— Lebanon— Carlisle PA 3,133 3,780 4,432 2.1 5,550 6,374 7,337 117 564.4 593.0 604.1 .4 292.1 327.2 349.4 1.1 Hartford-New Britain-Middletown- Bristol CT (NECMA) 7,190 9,059 11,296 2.7 6,799 8,062 9,112 13 1,057.5 1,123.7 1,239.7 .9 599.1 713.8 824.2 1.9 Hickory NC 978 1,306 1,669 3.2 4,681 5,546 6,436 238 209.0 235.6 259.4 1.3 117.7 138.5 154.2 1.6 Honolulu HI 4,749 5,814 7,149 2.4 5,944 6,829 7,802 60 798.9 851.4 916.3 .8 429.1 484.5 547.1 1.4 Houma-Thibodaux, LA 900 1,116 1,399 2.6 4,727 5,515 6,439 237 190.3 202.4 217.2 .8 73.3 85.6 98.7 1.8 Houston, TX * 20,211 27,514 35,987 3.5 6,393 7,452 8,443 29 3,161.4 3,692.1 4,262.1 1.8 1,592.7 1,986.2 2,378.1 2.4 Huntington-Ashland WV-KY-OH 1,406 1,716 2,046 2.2 4,186 5,009 5,875 287 335.9 342.5 348.3 .2 113.7 127.1 136.7 1.1 Huntsville, AL 1,102 1,397 1,756 2.8 5,317 6,402 7,628 79 207.2 218.2 230.2 .6 113.4 129.2 145.2 1.5 Indianapolis IN 6,562 8,064 9,536 2.2 5,551 6,712 7,763 69 1,182.0 1,201.5 1,228.4 .2 583.2 665.4 718.5 1.2 Iowa City IA 435 544 664 2.5 5,216 6,123 7,252 133 83.4 88.8 91.6 .6 49.1 55.4 61.2 1.3 Jackson MI 709 873 1,004 2.1 4,836 5,995 6,926 180 146.6 145.7 145.0 -.1 54.4 60.2 62.2 .8 Jackson MS . 1,828 2,320 2,923 2.8 4,892 5,639 6,628 210 373.8 411.5 440.9 1.0 181.7 212.3 241.2 1.7 Jacksonville FL 4,034 5,164 6,575 2.9 5,219 6,086 6,977 173 772.8 848.5 942.4 1.2 380.3 437.2 498.1 1.6 Jacksonville NC 482 574 686 2.1 4,063 4,743 5,414 308 118.8 121.1 126.6 .4 64.3 69.6 74.3 .9 Janes ville-Beloit WI 712 867 1,035 2.2 5,123 6,047 6,966 174 139.0 143.3 148.6 .4 59.2 66.1 72.6 1.2 Jersey City, NJ * 2,943 3,344 3,760 1.5 5,241 6,124 6,909 183 561.6 546.0 544.3 -.2 234.3 241.3 247.8 .3 Johnson City-Kingsport-Bristol, TN-VA.... 1,818 2,300 2,834 2.6 4,131 5,088 5,996 276 440.0 452.1 472.6 .4 178.9 202.5 222.9 1.3 Johnstown, PA 1,126 1,246 1,380 1.2 4,326 4,943 5,611 302 260.3 252.1 246.0 -.3 85.1 88.5 90.8 .4 Joliet IL* 1,996 2,652 3,315 3.0 5,541 6,556 7,428 106 360.3 404.5 446.2 1.3 101.3 117.2 133.2 1.6 Joplin MO 558 740 934 3.1 4,295 5,263 6,240 258 129.9 140.6 149.7 .8 57.8 67.4 75.1 1.6 Kalamazoo MI 1,184 1,464 1,719 2.2 5,602 6,704 7,599 83 211.4 218.3 226.3 .4 103.9 123.9 136.6 1.6 Kankakee IL 501 604 698 2.0 4,934 5,873 6,635 209 101.5 102.9 105.2 .2 41.0 44.9 49.2 1.1 Kansas City MO-KS 8,675 10,302 12,121 2.0 5,924 6,726 7,577 86 1,464.4 1,531.7 1,599.7 .5 734.0 823.1 895.6 1.2 Kenosha WI * 681 800 931 1.9 5,576 6,474 7,381 112 122.1 123.6 126.2 .2 45.4 50.5 54.7 1.1 Killeen-Temple TX 1,004 1,255 1,562 2.6 4,649 5,557 6,446 236 216.0 225.8 242.3 .7 112.1 125.1 139.3 1.3 Knoxville TN 2,664 3,410 4,330 2.9 4,603 5,502 6,332 245 578.8 619.8 683.8 1.0 259.4 307.0 354.0 1.8 Kokomo IN 544 679 800 2.3 5,330 6,469 7,456 102 102.1 105.0 107.3 .3 47.4 54.5 58.6 1.3 La Crosse WI . 481 594 729 2.5 5,234 6,174 7,152 159 92.0 96.3 102.0 .6 50.9 60.7 70.7 1.9 Lafayette LA 1,245 1,799 2,475 4.1 5,759 6,742 7,785 63 216.1 266.9 317.9 2.3 111.0 148.4 188.2 3.2 Lafayette, IN 572 733 887 2.6 4,668 5,837 6,856 188 122.6 125.6 129.4 .3 60.5 70.0 77.0 1.4 Lake Charles LA 884 1,121 1,395 2.7 4,999 6,120 7,249 135 176.9 183.1 192.5 .5 69.7 80.0 90.9 1.6 Lake County IL * 3,266 4,124 5,042 2.6 7,185 8,323 9,430 10 454.6 495.5 534.6 1.0 196.2 236.5 274.4 2.0 Lakeland- Winter Haven FL 1,580 2,159 2,865 3.6 4,567 5,384 6,217 261 345.9 401.1 460.9 1.7 146.3 178.4 210.7 2.2 Lancaster PA 1,998 2,512 2,958 2.3 5,369 6,242 7,175 152 372.2 402.4 412.2 .6 180.5 207.3 222.1 1.2 Lansing— East Lansing, MI 2,233 2,817 3,340 2.4 5,435 6,583 7,489 96 410.8 427.9 446.0 .5 194.1 228.5 250.5 1.5 Laredo TX 313 420 544 3.3 2,817 3,321 3,798 313 111.1 126.4 143.2 1.5 34.8 43.5 51.9 2.4 Las Cruces NM 406 540 695 3.2 3,972 4,778 5,532 305 102.3 112.9 125.6 1.2 41.4 48.8 57.1 1.9 Las Vegas NV 2,937 4,076 5,686 4.0 5,642 6,554 7,404 110 520.6 621.8 768.0 2.3 252.1 320.7 412.8 2.9 Lawrence KS 304 388 491 2.9 4,353 5,283 6,185 265 69.8 73.4 79.4 .8 31.9 37.0 42.2 1.6 Lawton OK 509 619 753 2.3 4,153 5,216 6,181 266 122.5 118.6 121.8 0 57.4 62.0 67.1 .9 Lewiston- Auburn ME (NECMA) . 453 531 629 1.9 4,558 5,289 6,148 268 99.5 100.4 102.3 .2 44.4 46.8 49.9 .7 Lexington-Fayette KY 1,900 2,243 2,718 2.1 5,891 6,779 7,911 53 322.6 330.9 343.6 .4 173.0 199.8 222.6 1.5 Lima OH 763 943 1,096 2.2 4,993 6,067 6,995 170 152.7 155.4 156.7 .1 69.6 77.4 81.9 1.0 Lincoln NE . 1,093 1,342 1,631 2.4 5,477 6,411 7,301 124 199.5 209.3 223.3 .7 107.6 122.8 139.5 1.5 Little Rock North Little Rock AR 2,518 3,159 3,972 2.7 5,168 6,029 6,947 176 487.3 523.9 571.9 .9 242.0 285.9 327.5 1.8 Longview-Marshall TX 869 1,137 1,445 3.0 5,154 6,109 7,003 169 168.6 186.1 206.3 1.2 78.0 92.4 106.6 1.9 Lorain— Elyria OH * 1,353 1,676 1,972 2.2 4,951 6,121 7,165 154 273.3 273.8 275.2 0 89.7 100.2 106.7 1.0 Los Angeles Long Beach CA * 49,109 58,631 70,957 2.2 6,281 7,106 8,000 47 7,818.3 8,251.3 8,870.2 .7 3,998.2 4,481.4 5,004.3 1.3 Louisville KY-IN 5,149 6,200 7,422 2.2 5,387 6,484 7,593 84 955.8 956.2 977.5 .1 436.5 486.0 527.6 1.1 Lubbock TX 1,142 1,423 1,756 2.6 5,207 6,004 6,787 195 219.3 237.0 258.7 1.0 108.5 123.8 139.2 1.5 Lynchburg VA ... • 695 874 1,064 2.5 4,889 5,809 6,734 201 142.1 150.4 158.1 .6 74.0 83.1 90.5 1.2 Macon— Warner Robins GA 1,307 1,616 1,968 2.4 4,775 5,768 6,785 196 273.8 280.2 290.1 .3 126.6 139.6 150.7 1.0 Madison WI 2,014 2,498 3,080 2.5 6,096 7,057 8,058 42 330.4 354.0 382.3 .9 204.3 237.4 271.4 1.7 Manchester-Nashua, NH (NECMA) 1,764 2,266 2,977 3.1 6,079 6,903 7,791 61 290.1 328.3 382.1 1.6 164.1 202.8 246.6 2.4 Mansfield OH 652 794 915 2.0 5,048 6,101 7,051 166 129.1 130.1 129.8 0 59.2 66.1 69.9 1.0 McAllen-Edinburg-Mission TX 908 1,211 1,572 3.3 2,814 3,311 3,820 312 322.8 365.6 411.6 1.4 102.3 123.8 146.3 2.1 Medford OR 597 801 1,069 3.5 4,448 5,391 6,415 240 134.1 148.5 166.7 1.3 50.5 61.7 74.2 2.3 Melbourne-Titusville-Palm Bay, FL 1,649 2,387 3,315 4.2 5,375 6,225 7,121 161 306.8 383.5 465.6 2.5 133.6 173.6 215.2 2.8 Memphis TN-AR-MS 4,612 5,599 6,821 2.3 4,958 5,851 6,771 198 930.3 957.0 1,007.3 .5 437.3 487.9 537.2 1.2
See footnotes at end of table. October 1985 SURVEY OF CURRENT BUSINESS 35
Table 1.—Total Personal Income, Per Capita Personal Income, Population, and Employment by Metropolitan Area, 1983,1990, and 2000— Continued
Total personal income Per capita personal income Population Employment Millions of 1972 dollars Average 1972 dollars Rank Thousands of persons Average Thousands of jobs Average annual growth United growth growth rate States rate rate (percent) 1983 1990 2000 (percent) 1983 1990 2000 1983 1990 2000 'percent) 1983 1990 2000 1983- 2000 1983- 1983- 2000 2000 2000
Miami-Hialeah, FL * 9,765 11,328 13,547 1.9 5,679 6,416 7,218 143 1,719.4 1,765.5 1,876.8 0.5 842.1 944.7 1,056.9 1.3 Middlesex-Somerset-Hunterdon, NJ * 6,553 8,628 10,869 3.0 7,221 8,360 9,372 11 907.6 1,032.0 1,159.7 1.5 465.7 580.1 685.2 2.3 Midland, TX 776 1,087 1,476 3.9 7,260 8,373 9,497 9 107.0 129.9 155.4 2.2 57.9 75.0 93.1 2.8 Milwaukee, WI * 8,504 10,063 11,777 1.9 6,086 7,172 8,266 35 1,397.3 1,403.1 1,424.7 .1 690.0 755.6 815.1 1.0 Minneapolis-St Paul MN-WI 14,245 17,762 22,088 2.6 6,452 7,339 8,216 37 2,207.9 2,420.2 2,688.6 1.2 1,211.8 1,444.7 1,668.5 1.9 Mobile, AL 1,971 2,355 2,868 2.2 4,294 5,026 5,864 289 459.0 468.5 489.1 .4 175.5 192.8 213.7 1.2 Modesto CA 1,436 1,918 2,463 3.2 5,003 5,754 6,473 234 287.0 333.4 380.5 1.7 111.0 134.6 158.0 2.1 Monmouth-Ocean NJ * . 5,459 7,339 9,463 3.3 6,176 7,232 8,224 36 884.0 1,014.8 1,150.6 1.6 301.6 374.3 442.4 2.3 Monroe, LA 620 786 990 2.8 4,354 5,236 6,215 262 142.5 150.1 159.3 .7 59.7 66.5 74.2 1.3 Montgomery AL 1,371 1,687 2,101 2.5 4,884 5,803 6,862 187 280.8 290.8 306.1 .5 133.6 147.0 163.1 1.2 Muncie, IN 562 678 781 2.0 4,482 5,612 6,570 224 125.5 120.9 118.9 3 50.9 55.6 57.9 .8 Muskegon, MI 699 848 959 1.9 4,528 5,525 6,314 250 154.5 153.4 151.8 -.1 55.9 63.6 66.7 1.0 Naples FL 654 972 1,384 4.5 6,286 6,859 7,603 82 104.0 141.7 182.1 3.4 43.3 60.5 78.9 3.6 Nashville, TN 4,546 5,889 7,486 3.0 5,177 6,245 7,235 138 878.0 942.9 1,034.7 1.0 447.7 531.9 610.2 1.8 Nassau-Suffolk NY * 19,439 24,567 29,842 2.6 7,321 8,498 9,651 8 2,655.3 2,891.0 3,092.3 .9 1,101.0 1,335.1 1,524.9 1.9 New Bedford-Fall River- Attleboro, MA (NECMA) 2,438 3,081 3,783 2.6 5,067 5,858 6,605 215 481.2 525.9 572.8 1.0 205.6 239.3 266.9 1.5 New Haven- Waterbury-Meriden, CT (NECMA) 4,721 5,783 7,066 2.4 6,174 7,142 7,990 48 764.8 809.7 884.4 .9 357.8 409.1 457.2 1.5 New London-Norwich, CT (NECMA).... 1,499 1,959 2,469 3.0 6,158 7,384 8,400 30 243.5 265.3 294.0 1.1 130.8 159.2 184.2 2.0 New Orleans, LA 7,211 8,713 10,613 2.3 5,481 6,457 7,536 92 1,315.7 1,349.4 1,408.3 .4 600.2 654.0 718.8 1.1 New York NY * 53,595 60,181 68,602 1.5 6,465 7,291 8,135 39 8,290.6 8,253.8 8,433.2 .1 4,207.9 4,506.6 4,813.9 .8 Newark NJ * 13,084 15,567 18,414 2.0 6,951 8,134 9,208 12 1,882.4 1,913.9 1,999.9 .4 947.8 1,040.5 1,132.9 1.1 Niagara Falls, NY * 1,158 1,358 1,543 1.7 5,158 6,027 6,777 197 224.5 225.3 227.7 .1 83.7 92.2 98.6 1.0 Norfolk- Virginia Beach-Newport News, VA 6,501 7,874 9,547 2.3 5,297 6,101 6,939 178 1,227.4 1,290.6 1,376.0 .7 633.3 705.7 779.4 1.2 Oakland CA * 12,782 15,492 18,993 2.4 6,860 7,724 8,636 22 1,863.3 2,005.7 2,199.3 1.0 809.3 927.8 1,058.5 1.6 Ocala FL 608 941 1,356 4.8 4,103 4,874 5,675 300 148.3 193.1 239.0 2.8 51.3 67.8 84.5 3.0 Odessa, TX 739 997 1,299 3.4 5,390 6,448 7,433 105 137.1 154.7 174.7 1.4 60.4 75.2 89.9 2.4 Oklahoma City OK 5,568 7,152 9,120 2.9 5,818 6,884 8,012 46 957.1 1,038.9 1,138.4 1.0 493.5 580.0 669.8 1.8 Olympia, WA 728 956 1,300 3.5 5,322 6,102 7,030 168 136.8 156.7 184.9 1.8 52.0 64.5 79.0 2.5 Omaha NE-IA 3,421 4,152 5,028 2.3 5,667 6,685 7,773 65 603.6 621.1 646.9 .4 314.8 358.6 405.3 1.5 Orange County NY * 1,393 1,771 2,161 2.6 5,192 6,085 6,922 181 268.4 291.0 312.2 .9 101.3 117.4 131.3 1.5 Orlando FL 4,241 6,131 8,504 4.2 5,346 6,219 7,122 160 793.3 985.9 1,194.0 2.4 403.1 536.0 674.3 3.1 Owensboro, KY 438 549 661 2.4 5,011 6,140 7,183 151 87.5 89.4 92.0 .3 37.7 42.6 46.5 1.3 Oxnard- Ventura CA * 3,448 4,815 6,490 3.8 5,991 6,972 7,941 50 575.5 690.7 817.3 2.1 209.4 269.2 332.5 2.8 Panama City FL 475 644 858 3.5 4,630 5,231 5,875 288 102.5 123.1 146.0 2.1 47.5 57.8 69.0 2.2 Parkersburg-Marietta WV-OH 752 929 1,113 2.3 4,737 5,687 6,607 214 158.7 163.4 168.5 .4 64.6 74.1 81.4 1.4 Pascagoula, MS 522 753 951 3.6 4,140 5,207 5,999 274 126.1 144.5 158.6 1.4 45.2 56.9 63.6 2.0 Pensacola FL 1,394 1,774 2,227 2.8 4,455 5,082 5,726 297 313.0 349.1 389.0 1.3 131.5 150.6 170.2 1.5 Peoria IL . 1,934 2,381 2,769 2.1 5,351 6,589 7,663 77 361.5 361.3 361.3 0 149.2 166.9 182.8 1.2 Philadelphia PA-NJ * 28,302 33,854 39,701 2.0 5,946 7,002 8,079 40 4,760.0 4,835.0 4,914.2 .2 2,147.7 2,369.8 2,540.9 1.0 Phoenix AZ 9,175 13,695 19,645 4.6 5,515 6,613 7,635 78 1,663.8 2,070.9 2,573.0 2.6 781.9 1,058.3 1,380.8 3.4 Pine Bluff AR 380 456 548 2.2 4,198 5,078 5,954 283 90.4 89.8 92.1 .1 36.0 40.1 43.7 1.1 Pittsburgh PA * 12,265 14,019 15,876 1.5 5,581 6,410 7,339 116 2,197.9 2,187.1 2,163.2 -.1 920.2 999.0 1,049.7 .8 Pittsfield MA (NECMA) 786 935 1,101 2.0 5,559 6,433 7,187 150 141.4 145.4 153.2 .5 66.8 75.8 83.6 1.3 Portland ME (NECMA) 1,236 1,489 1,824 2.3 5,566 6,336 7,254 132 222.0 235.0 251.4 .7 125.4 140.9 159.1 1.4 Portland OR * .. 6,486 8,160 10,296 2.8 5,743 6,763 7,846 54 1,129.4 1,206.7 1,312.3 .9 558.4 658.0 766.8 1.9 Portsmouth-Dover-Rochester, NH (NECMA) 1,685 2,199 2,947 3.3 5,782 6,570 7,495 95 291.4 334.7 393.3 1.8 132.6 167.9 207.3 2.7 Poughkeepsie NY 1,496 1,967 2,402 2.8 5,974 6,928 7,807 59 250.3 284.0 307.7 1.2 116.3 142.4 161.5 1.9 Providence-Pawtucket-Woonsocket, RI (NECMA) 4,761 5,783 7,010 2.3 5,465 6,363 7,300 125 871.2 908.9 960.3 .6 408.5 460.6 507.9 1.3 Provo-Orem UT 743 1,034 1,434 3.9 3,156 3,838 4,647 310 235.6 269.4 308.7 1.6 69.7 86.4 107.5 2.6 Pueblo CO 559 684 799 2.1 4,501 5,601 6,323 246 124.2 122.1 126.3 .1 43.8 47.6 51.2 .9 Racine WI * 978 1,169 1,366 2.0 5,636 6,584 7,470 100 173.5 177.5 182.9 .3 73.4 81.8 88.8 1.1 Raleigh Durham NC 3,303 4,528 6,081 3.7 5,595 6,775 7,931 51 590.4 668.3 766.7 1.5 348.6 429.0 509.9 2.3 Reading PA 1,808 2,223 2,603 2.2 5,744 6,752 7,835 56 314.8 329.3 332.2 .3 155.7 173.5 183.3 1.0 Redding CA 568 767 999 3.4 4,562 5,280 5,982 280 124.6 145.2 166.9 1.7 44.0 54.9 65.9 2.4 Reno NV 1,385 1,916 2,677 4.0 6,613 7,578 8,367 31 209.4 252.8 319.9 2.5 122.5 154.2 196.4 2.8 Richland-Kennewick-Pasco, W A 873 1,190 1,600 3.6 5,786 6,501 7,250 134 150.8 183.1 220.7 2.3 69.2 91.2 114.3 3.0 Richmond Petersburg VA 4,795 5,737 6,883 2.1 6,105 6,909 7,767 68 785.5 830.4 886.3 .7 430.3 474.4 519.5 1.1 Riverside— San Bernardino CA * 9,103 12,453 16,321 3.5 5,238 5,920 6,620 212 1,737.8 2,103.4 2,465.2 2.1 563.8 681.0 800.6 2.1 Roanoke VA 1,204 1,419 1,667 1.9 5,448 6,271 7,099 163 220.9 226.3 234.8 .4 116.5 126.0 135.1 .9 Rochester MN 610 805 1,044 3.2 6,528 7,626 8,596 23 93.4 105.6 121.4 1.6 60.2 74.0 88.5 2.3 Rochester NY 5,861 7,438 8,881 2.5 5,922 6,924 7,843 55 989.8 1,074.3 1,132.3 .8 465.4 540.2 593.3 1.4 Rockford IL 1,504 1,856 2,182 2.2 5,366 6,325 7,232 141 280.3 293.4 301.8 .4 126.4 145.4 160.4 1.4 Sacramento CA 6,544 8,863 11,682 3.5 5,466 6,364 7,267 130 1,197.2 1,392.7 1,607.6 1.7 524.9 646.4 773.6 2.3 Saginaw Bay City Midland MI 2,096 2,589 2,985 2.1 5,067 6,181 7,047 167 413.6 418.8 423.5 .1 154.2 177.1 188.1 1.2 St Cloud MN 722 993 1,318 3.6 4,273 5,327 6,241 257 168.9 186.4 211.2 1.3 72.9 89.7 107.6 2.3 St Joseph MO 427 508 592 1.9 4,941 5,834 6,769 199 86.4 87.1 87.5 .1 40.8 443 46.6 .8 St Louis MO-IL 14,260 16,938 19,757 1.9 5,950 6,847 7,786 62 2,396.5 2,473.7 2,537.5 .3 1,151.4 1,29L9 1,397.7 1.1 Salem OR 1,186 1,515 1,966 3.0 4,658 5,575 6,598 216 254.7 271.7 298.0 .9 103.8 122.1 143.5 1.9 Salinas Seaside— Monterey CA 1,869 2,325 2,820 2.4 6,014 6,878 7,604 81 310.8 338.1 370.9 1.0 151.1 176.1 201.7 1.7 Salt Lake City-Ogden UT 4,659 6,315 8,594 3.7 4,631 5,442 6,304 251 1,006.1 1,160.3 1,363.3 1.8 438.4 534.9 656.2 2.4 San Angelo TX 510 668 860 3.1 5,422 6,377 7,324 122 94.0 104.8 117.4 1.3 46.1 54.5 63.0 1.9 San Antonio TX 5,784 7,301 9,163 2.7 4,948 5,737 6,593 217 1,168.8 1,272.6 1,389.7 1.0 529.7 607.9 692.9 1.6 San Diego CA 11,578 15,647 20,431 3.4 5,745 6,729 7,703 74 2,015.2 2,325.5 2,652.3 1.6 932.9 1,166.3 1,398.4 2.4 2.4 8,368 9,982 11,660 1 1,517.9 1,556.4 1,633.5 .4 1,007.4 1,145.4 1,297.3 San Francisco CA * 12,703 15,536 19,046 p 1.5 San Jose CA * 10,091 13,322 16,975 3.1 7,422 8,698 9,888 1,359.7 1,531.6 1,716.7 1.4 806.8 1,043.9 1,266.5 2.7 Santa Barbara-Santa Maria-Lompoc, CA.. 2,054 2,678 3,410 3.0 6,481 7,393 8,315 32 317.0 362.3 410.1 1.5 156.7 191.8 226.7 2.2 Santa Cruz CA * 1,140 1,593 2,165 3.8 5,699 6,642 7,617 80 200.1 239.9 284.2 2.1 78.5 100.8 124.7 2.8 Santa Fe NM 571 752 998 3.3 5,617 6,431 7,370 114 101.6 117.0 135.4 1.7 51.9 61.8 74.1 2.1 Santa Rosa Petaluma CA * • •• 1,988 2,676 3,468 3.3 6,194 7,086 7,973 49 321.0 377.6 434.9 1.8 124.6 166.7 208.2 3.1 Sarasota FL 1,551 2,289 3,253 4.5 6,841 7,957 9,083 14 226.8 287.7 358.2 2.7 97.1 131.6 170.0 3.3 1,134 1,402 1,721 2.5 4,900 5,770 6,696 204 231.4 243.1 257.0 .6 107.2 120.5 132.3 1.2 Scranton Wilkes-Barre PA 3,461 4,098 4,777 1.9 4,761 5,597 6,540 226 727.0 732.2 730.4 0 296.6 320.0 335.4 .7
See footnotes at end of table. 36 SURVEY OF CURRENT BUSINESS October 1985
Table 1.—Total Personal Income, Per Capita Personal Income, Population, and Employment by Metropolitan Area, 1983,1990, and 2000— Continued
Total personal income Per capita personal income Population Employment Millions of 1972 dollars Average 1972 dollars Rank Thousands of persons Average Thousands of jobs Average annual in the annual annual growth United growth growth rate States rate rate (percent) 1983 1990 2000 1983 1990 2000 1983 1990 2000 (percent) 1983 1990 2000 (percent) 1983- 2000 1983- 1983- 2000 2000 2000
Seattle, WA * 10,959 14,443 18,332 3.1 6,533 7,576 8,472 28 1,677.4 1,906.4 2,163.8 1.5 875.0 1,074.8 1,261.7 2.2 Sharon, PA 573 683 771 1.8 4,520 5,414 6,248 256 126.7 126.2 123.4 -.2 46.4 50.8 53.0 .8 552 689 829 2.4 5,443 6,465 7,478 97 101.5 106.6 110.8 .5 49.8 56.3 61.6 1.3 Sherman-Denison TX 488 614 743 2.5 5,219 6,291 7,288 126 93.5 97.5 102.0 .5 41.0 45.7 49.6 1.1 Shreveport, LA 1,807 2,258 2,816 2.6 5,123 5,844 6,736 200 352.7 386.4 418.1 1.0 161.4 181.8 203.3 1.4 Sioux City IA-NE 597 707 824 1.9 5,076 6,111 7,153 158 117.7 115.7 115.2 -.1 57.2 61.4 65.4 .8 Sioux Falls, SD 628 773 967 2.6 5,497 6,214 7,117 162 114.3 124.5 135.9 1.0 64.4 75.6 88.1 1.9 South Bend-Mishawaka, IN 1,252 1,528 1,809 2.2 5,242 6,566 7,743 72 238.8 232.8 233.6 -.1 107.5 121.4 129.9 1.1 Spokane, WA 1,742 2,218 2,764 2.8 5,007 5,953 6,831 192 348.0 372.6 404.6 .9 150.4 174.4 196.5 1.6 Springfield, IL 1,058 1,265 1,467 1.9 5,634 6,752 7,772 66 187.8 187.3 188.8 0 98.1 107.9 118.7 1.1 Springfield MO 1,030 1,331 1,686 2.9 4,829 5,614 6,473 233 213.3 237.1 260.5 1.2 106.1 127.1 146.1 1.9 Springfield, MA (NECMA) 3,102 3,826 4,655 2.4 5,333 6,233 7,074 164 581.7 613.8 658.0 .7 261.5 299.3 332.0 1.4 State College, PA 478 611 749 2.7 4,222 4,981 5,831 291 113.3 122.7 128.4 .7 53.6 62.1 68.2 1.4 Steubenville-Weirton, OH-WV 757 920 1,073 2.1 4,780 5,882 6,900 184 158.4 156.4 155.5 -.1 55.3 61.2 64.8 .9 Stockton, CA 1,934 2,534 3,212 3.0 5,106 5,937 6,723 203 378.7 426.8 477.7 1.4 148.9 173.2 198.0 1.7 Syracuse NY 3,407 4,270 5,114 2.4 5,239 6,148 6,979 171 650.4 694.5 732.7 .7 294.7 340.4 376.6 1.5 Tacoma, WA * 2,628 3,213 3,895 2.3 5,155 6,080 6,937 179 509.8 528.4 561.5 .6 199.1 223.6 246.9 1.3 Tallahassee, FL 881 1,186 1,589 3.5 4,341 4,976 5,689 298 202.9 238.3 279.4 1.9 100.0 120.2 142.6 2.1 Tampa-St. Petersburg-Clearwater, FL 9,413 12,813 17,096 3.6 5,319 6,231 7,161 155 1,769.6 2,056.5 2,387.5 1.8 732.2 926.6 1,129.8 2.6 Terre Haute, IN 614 750 880 2.1 4,514 5,606 6,587 219 136.0 133.9 133.5 -.1 57.8 63.6 66.8 .9 Texarkana, TX-Texarkana AR 524 636 774 2.3 4,474 5,188 5,971 281 117.0 122.6 129.7 .6 50.3 56.2 62.1 1.2 Toledo OH 3,306 3,919 4,495 1.8 5,437 6,518 7,465 101 608.1 601.2 602.1 -.1 272.4 300.3 318.5 .9 Topeka, KS 944 1,095 1,290 1.9 5,983 6,850 7,813 58 157.8 159.8 165.1 .3 89.2 96.4 103.7 .9 Trenton N J * 2,027 2,447 2,947 2.2 6,522 7,631 8,652 21 310.7 320.7 340.6 .5 187.3 208.2 230.1 1.2 Tucson, AZ... 2,866 4,049 5,651 4.1 5,007 5,928 6,834 191 572.3 683.0 826.9 2.2 224.4 293.2 374.4 3.1 Tulsa OK 4,180 5,173 6,470 2.6 5,796 6,653 7,591 85 721.0 777.5 852.4 1.0 343.2 399.0 460.0 1.7 Tuscaloosa AL .... 579 679 814 2.0 4,199 5,058 5,998 275 138.0 134.2 135.7 -.1 54.8 57.8 62.3 .8 Tyler, TX 806 1,055 1,346 3.1 5,706 6,592 7,454 103 141.2 160.0 180.6 1.5 69.8 84.4 98.8 2.1 tftica-Rome NY . 1,534 1,787 2,035 1.7 4,781 5,489 6,149 267 320.9 325.6 331.0 .2 132.0 140.7 147.5 .7 Vallejo-Fairfield-Napa, CA * 2,103 2,719 3,476 3.0 5,816 6,648 7,475 98 361.6 409.0 465.0 1.5 133.9 162.3 192.6 2.2 Vancouver, WA * 1,004 1,338 1,748 3.3 4>967 5,824 6,619 213 202.1 229.7 264.1 1.6 64.3 79.2 94.5 2.3 Victoria TX 422 570 731 3.3 5,584 6,740 7,722 73 75.6 84.6 94.6 1.3 33.8 41.1 48.3 2.1 Vineland-Millville-Bridgeton, NJ * 648 791 937 2.2 4,869 5,817 6,661 206 133.2 135.9 140.6 .3 58.5 63.6 68.1 .9 Visalia-Tulare-PorterviBe CA 1,170 1,520 1,896 2.9 4,425 5,107 5,680 299 264.5 297.6 333.7 1.4 105.0 125.9 147.0 2.0 Waco TX 913 1,146 1,412 2.6 5,130 5,978 6,852 189 177.9 191.6 206.0 .9 83.8 95.0 106.4 1.4 Washington DC-MD-VA 25,514 31,501 38,418 2.4 7,572 8,651 9,731 6 3,369.6 3,641.3 3,948.0 .9 1,964.9 2,271.7 2,562.5 1.6 Waterloo-Cedar Falls, IA 830 1,019 1,222 2.3 5,107 6,175 7,194 148 162.5 165.0 169.9 .3 75.1 84.5 92.0 1.2 Wausau WI 526 677 840 2.8 4,681 5,678 6,585 221 112.3 119.3 127.6 .8 51.5 58.7 66.1 1.5 West Palm Beach-Boca Raton-Delray Beach FL 4,669 6,625 9,073 4.0 7,089 7,738 8,540 25 658.7 856.2 1,062.5 2.9 296.1 400.7 508.3 3.2 Wheeling WV-OH 858 1,015 1,174 1.9 4,717 5,704 6,636 208 182.0 178.0 176.9 -.2 67.6 74.7 79.6 1.0 Wichita KS ... 2,606 3,315 4,066 2.7 6,077 7,195 8,191 38 428.8 460.8 496.4 .9 222.3 254.6 284.8 1.5 Wichita Falls, TX 718 913 1,145 2.8 5,604 6,673 7,746 71 128.1 136.8 147.9 .8 66.6 75.1 83.6 1.4 Williamsport PA 538 624 716 1.7 4,555 5,312 6,187 264 118.1 117.5 115.7 -.1 49.8 53.8 56.2 .7 Wilmington DE-NJ-MD * 3,214 3,974 4,775 2.4 6,020 7,030 7,929 52 533.8 565.3 602.2 .7 259.3 287.3 315.9 1.2 Wilmington NC 508 660 837 3.0 4,659 5,527 6,371 242 109.1 119.4 131.4 '1.1 51.5 61.3 69.9 1.8 Worcester-Fitchburg-Leominster, MA (NECMA) 3,453 4,329 5,298 2.5 5,306 6,114 6,845 190 650.8 708.2 774.0 1.0 281.3 326.8 366.3 1.6 Yakima WA .. 831 1,028 1,275 2.5 4,692 5,446 6,237 259 177.2 188.7 204.4 .8 76.2 87.9 98.9 1.5 York, PA 1,968 2,444 2,877 2.3 5,079 5,953 6,896 185 387.6 410.5 417.2 .4 173.1 196.1 209.2 1.1 Youngstown— Warren, OH 2,617 3,101 3,511 1.7 5,012 6,212 7,229 142 522.1 499.3 485.6 -.4 196.9 212.0 219.2 .6 Yuba City CA 500 654 815 2.9 4,634 5,491 6,256 255 107.8 119.1 130.3 1.1 41.2 47.2 53.0 1.5
1. The U.S. total includes metropolitan and nonmetropolitan counties. 3. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's, in- 2. Only the name of the largest city in each Consolidated Metropolitan Statistical Area (CMSA) Availability of Additional Information State and metropolitan area projections of economic activity and The State and metropolitan area projections also are available population, for the years 1990, 1995, 2000, 2005, 2015, and 2035, on sets of computer tapes or diskettes, which may be ordered from and discussions of projection methodology are available in a two- Economics and Statistical Analysis/BEA, U.S. Department of Com- volume set from the Superintendent of Documents, U.S. Govern- merce, P.O. Box 100606, Atlanta, Georgia 30384. Prices for State ment Printing Office, Washington, DC 20402 (phone 202-783-3238). projections are $125 (tape) and $60 (3 diskettes); prices for metro- Volume 1—1985 OBERS, BEA Regional Projections, State Projec- politan area projections are $125 (tape) and $160 (8 diskettes). tions to 2035 (stock number 003-010-00157-7, price $4.75)—pre- Make checks payable to Economics and Statistical Analysis/BEA. sents projections of total personal income, per capita personal Instructions on use accompany the tapes and diskettes. Additional income, earnings (wages and salaries, other labor income, and pro- technical information about the tapes and diskettes is available prietors' income) and employment for 57 industries, and popula- from Projections Branch, Regional Economic Analysis Division, tion for 3 age groups. Volume 2—1985 OBERS, BEA Regional Pro- Bureau of Economic Analysis, U.S. Department of Commerce, jections, Metropolitan Area Projections to 2035 (stock number 003- Washington, DC 20230 (phone 202-523-0936). 010-00159-3, $12.00)—presents projections of total personal income, earnings and employment for 14 industries, and popula- tion. U.S. GOVERNMENT PRINTING OFFICE : 1985 O - 488-341 : QL 3 CURRENT BUSINESS STATISTICS The statistics here update series published in BUSINESS STATISTICS: 1982, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $8.00, stock no. 003-010-00124-1) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1979 through 1982, annually, 1961-82; for selected series, monthly or quarterly, 1961-82 (where available). The sources of the series are given in BUSINESS STATISTICS: 1982; they appear in the main methodological note for each series, and are also listed alphabetically on pages 135-136. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,, .. methodological notes are as shown in units BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. GENERAL BUSINESS INDICATORS 1 PERSONAL INCOME BY SOURCE t Seasonally adjusted, at annual rates: Total personal income bil. $.. 2,744.2 3,012.1 3,045.8 3,068.3 3,079.3 3,097.5 3,111.8 3,129.2 3,146.0 3,156.2 3,184.7 3,163.7 3,175.7 r3,188.8 r3,199.3 3,209.4 Wage and salary disbursements, total do 1 6592 18040 18169 18291 18309 18472 1 864 9 1 872 5 1 8809 1 894 7 1 903 1 19080 1 9207 19230 1 933 8 19488 Commodity-producing industries, total do 5193 5693 574 1 5748 5752 5808 5867 5903 5894 593 1 5934 594 1 595 1 r5946 r5977 5998 Manufacturing do.. 395.2 4339 4375 4368 438 1 4425 4468 4484 4464 4489 4472 4477 4488 r4487 r450.8 451.2 Distributive industries do 3986 4320 4343 4390 4387 4435 447 0 445 6 448 8 452 5 4523 455 5 4592 r4586 r4596 4635 Service industries do 413 1 4529 4558 4613 4618 4662 4729 473 3 477 2 481 8 4853 4877 4940 4954 r5000 5072 Govt. and govt. enterprises .. do 3282 3498 3526 354 1 3551 3567 3584 3632 3656 3673 372 1 3707 3724 3744 3764 3782 Other labor income do 1731 1955 198 1 1995 2010 2025 2039 2051 2063 2075 2088 2102 211 5 r2126 r2137 2147 Proprietors' income: $ Farm . do 138 282 274 280 29 1 28 0 31 0 26 4 28 2 22 6 42 1 14 1 14 1 136 124 115 Nonfarm do 1079 1262 126 1 127 1 1293 1296 130 2 1320 1342 1359 1366 1375 1377 1383 1425 1447 Rental income of persons with capital consumption adjustment bil. $ 583 625 629 633 637 64 1 645 646 647 649 656 670 675 r688 r70.3 64.2 Dividends do 703 777 78 2 79 4 79 8 80 2 80 5 81 0 81 4 81 9 823 825 827 829 832 834 Personal interest income do 3763 4337 449 5 457 1 456 8 456 0 455 5 455 8 456 1 456 2 454 4 453 0 451 6 r451 5 r4500 4486 Transfer payments do 4050 4167 4199 4187 4228 425 1 417 6 437 6 440 4 4396 4396 4397 439 1 r4474 r4435 4447 Less: Personal contributions for social insurance do 1196 132 5 133 3 134 1 134 2 135 2 136 3 1458 146 3 147 2 147 8 1483 1492 1493 1502 1513 Total nonfarm income ... do 2701 1 29543 2 988 5 3 010 2 3 019 9 3 039 0 3 050 1 3 073 2 3 085 1 3 104 4 3 112 1 3 119 1 3 131 1 r3 144 8 r3 156 5 31675 DISPOSITION OF PERSONAL INCOME t Seasonally adjusted, at annual rates: Total personal income bil. $ 2,744 2 30121 30458 30683 30793 3097 5 3 111 8 31292 31460 31562 31847 31637 31757 r3,188 8 r3,199.3 3,209.4 Less: Personal tax and nontax payments do 4042 4353 440 4 443 4 446 0 451 8 457 2 457 6 4904 5191 4656 3995 4795 r4815 r4862 492.1 Equals: Disposable personal income do .... 2,340.1 2,576.8 2,605.4 2,624.9 2,633.3 2,645.7 2,654.5 2,671.6 2,655.6 2,637.1 2,719.1 2,764.1 2,696.1 r2,707.4 r2,713.0 2,717.3 Less: Personal outlays do 22220 24207 2 431 1 2 4656 2461 6 2 480 9 2 502 1 2 5208 2 5453 2 542 5 2 5757 2 589 8 2 5958 r2 603 4 r2 633 8 26654 Personal consumption expenditures do.... 2,155.9 2,341.8 2,350.1 2,383.7 2,378.1 2,395.9 2,415.5 2,432.6 2,455.8 2,451.1 2,483.0 2,495.6 2,500.4 r2,506.9 '2,536.1 2,566.6 Durable goods do 2798 3188 313 2 318 2 318 1 324 3 336 4 331 7 338 0 3347 3410 3427 3339 r3369 r3574 3725 Nondurable goods do 8017 8569 8535 8716 862 6 864 6 872 2 875 2 879 4 877 1 894 1 8912 8904 r8921 r8936 901.1 Services do 10744 1 1662 1 1834 1 1938 1 1974 1 2069 1 206 9 12257 12383 12393 1 2479 12618 12761 1 277 91,285.1 1,292.9 Interest paid by consumers to business do 651 778 79 9 80 9 82 1 83 5 85 1 86 4 87 7 89 6 91 2 927 939 r953 r965 977 Personal transfer payments to foreigners (net) do 10 1 2 1 1 \ i 1 5 1 5 1 5 1 8 1 8 1 8 1 5 1 5 15 1 2 1 2 12 Equals: personal saving do 1181 156 1 1743 159 2 171 6 164 9 152 5 150 9 110 3 94 6 143 4 1743 1004 1040 r792 519 Personal saving as percentage of disposable personal income § percent 50 6 1 6 3 6 4 6 3 6 2 59 52 4 5 4 3 5 1 51 46 r35 29 Disposable personal income in constant (1972) dollars bil $ 1 095 4 1 169 0 1 174 7 1 180 7 1 181 5 1 186 3 1 192 3 1 1928 1 1822 1 1707 1 2054 1 2227 1 187 8 1 191 3 1 1926 Personal consumption expenditures in constant (1972) dollars do 1 009 2 1 062 4 1 059 5 1 072 2 1 067 0 1 074 3 1 0850 1 086 0 1 093 2 1 088 2 1 1007 1 1039 1 101 6 1 103 1 1 1148 Durable goods do 1575 178 1 1748 1778 'l783 181 7 188 8 1862 1882 1865 1903 1922 1878 1895 199.9 Nondurable goods do 3763 393 6 391 1 399 1 3924 394 4 398 3 397 8 400 3 397 8 404 4 403 0 402 3 r4024 4030 Services do 475.4 4908 4936 4953 4963 4982 497 9 5020 5048 5039 506 1 5087 5114 r511 1 511.9 Implicit price deflator for personal consumption expenditures index 1972 — 100 213 6 2204 221 8 2223 2229 223 0 222 6 224 0 224 6 225 3 225 6 226 1 227 0 r2273 2275 INDUSTRIAL PRODUCTION 0 Federal Reserve Board Index of Quantity Output Not Seasonally Adjusted Total index 1977 — 100 1092 121 8 125 8 127 0 125 5 123 0 119 5 1200 123 7 124 1 1229 1233 127 1 1222 "1270 128.7 By industry groupings: Mining and utilities do 1038 110 9 114 3 1129 106 6 109 6 1108 114 2 116 8 1118 1076 1067 1106 1088 "1126 1104 Manufacturing do 1102 1239 1280 1297 1291 1256 1213 121 2 1252 1264 1258 1265 1302 1246 "1297 131.9 Nondurable manufactures do 113.7 1225 1279 1293 1279 1233 1179 117 1 1218 1225 1224 1237 1287 124.9 "130.7 132.4 Durable manufactures do 1077 1248 1279 1299 1298 1270 123 5 124 2 127 6 1292 1282 1285 1312 1244 "1290 131 5 Seasonally Adjusted ^! Total index do 1092 1218 1235 1233 1227 1234 1233 1236 1237 1240 124 1 124 1 1243 124 1 "1248 1247 By market groupings: Products, total do... 113.9 127.1 129.0 128.8 129.0 129.9 129.8 129.6 129.8 130.3 130.8 131.4 131.6 131.5 "132.6 132.4 Final products do 1147 1278 1297 1298 1299 1307 130 6 130 4 130 4 1308 131 3 131 7 131 6 1317 "1328 1326 Consumer goods do 1093 1182 118 4 1183 1185 1196 1197 1188 119 1 1198 1195 1200 1204 1200 "1209 1206 See footnotes at end of tables. S-l S-2 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and .. uIT methodological notes are as shown in Aug. Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July GENERAL BUSINESS INDICATORS—Continued INDUSTRIAL PRODUCTION <>— Continued Seasonally Adjusted— Continued By market groupings— Continued Final products — Continued Durable consumer goods 1 977 = 1 00 ... 98.5 112.6 113.3 111.5 111.4 113.3 113.1 112.8 112.8 113.5 111.5 111.8 112.0 111.1 "113.7 112.3 Automotive products do .... 95.1 109.8 111.6 107.4 104.2 110.2 111.6 114.2 115.4 115.1 113.1 113.6 113.4 115.0 "120.1 117.6 Autos and trucks, consumer *...do.... 84.7 103.0 106.0 98.7 95.0 103.1 104.7 112.5 111.7 110.5 109.0 109.6 109.4 113.7 "120.2 116.0 Autos, consumer * do .... 81.1 93.2 92.7 85.1 84.0 89.7 95.6 102.5 100.7 101.3 100.5 98.1 97.0 101.1 "101.3 '98.8 Trucks, consumer * do 91.5 121.2 130.8 124.1 115.4 127.8 121.5 131.1 132.0 127.5 124.7 130.9 132.3 137.2 "155.4 Home goods do 101.1 114.8 114.6 114.7 116.9 115.8 114.3 111.6 110.9 112.2 110.2 110.4 110.9 108.2 "108.9 108.3 Nondurable consumer goods do.... 113.3 120.2 120.2 120.7 121.0 121.8 122.1 121.1 121.4 122.1 122.5 123.1 123.5 123.3 "123.6 123.6 Consumer staples do .... 117.7 125.0 125.4 126.3 126.7 127.4 127.7 126.6 126.9 127.9 128.5 129.0 129.6 129.2 "129.5 129.6 Consumer foods and tobacco do.... 119.6 126.2 126.6 127.7 128.2 127.6 129.1 127.1 127.8 128.0 129.4 128.9 130.5 130.2 "130.6 Nonfood staples do 115.7 123.9 124.3 125.0 125.4 127.5 126.5 126.0 126.0 127.7 127.6 129.1 128.7 128.1 "128.4 ""'12&3 Equipment do 121.7 140.5 144.5 145.0 145.0 145.5 144.9 145.7 145.3 145.4 146.9 147.1 146.6 147.2 "148.6 148.6 Business and defense equipment * . do 121.0 139.6 143.5 144.1 144.1 144.6 143.9 145.5 145.6 146.1 147.7 147.9 147.4 147.8 "149.2 149.3 Business equipment do .... 115.4 134.9 139.1 139.2 139.1 139.8 138.4 140.4 140.0 140.2 142.0 141.9 140.7 141.2 "142.6 142.2 Construction, mining, and farm * do 53.6 66.6 68.1 67.9 69.5 68.2 68.5 68.8 68.3 67.1 68.4 67.4 67.7 r68.6 "67.9 Manufacturing ...do 91.7 109.4 113.4 113.3 112.7 112.4 111.5 111.6 112.3 112.0 112.4 113.1 111.9 113.5 "113.5 112.8 Power * ...do. 71.4 79.2 80.3 82.4 83.7 83.8 84.5 82.5 81.8 79.'6 81.8 82.8 r84.1 r85.0 "83.9 '83.4 Commercial do 178.4 209.2 216.5 216.9 216.4 217.1 214.5 217.4 217.0 218.9 221.8 222.8 219.6 '219.5 "222.8 '221.4 Transit . do 88.6 98.6 100.6 99.3 98.5 102.9 100.9 106.7 104.9 104.5 106.0 102.9 103.4 102.9 "105.3 107.7 Defense and space equipment do.... 143.1 157.9 160.7 163.4 163.5 163.3 165.3 165.3 167.3 169.0 170.1 171.2 173.4 173.6 "175.2 176.9 Intermediate products.. . do 111.2 124.9 126.9 125.6 126.2 127.2 127.3 126.8 127.7 128.6 129.3 130.3 131.4 130.8 "131.7 131.7 Construction supplies .. do ... 100.6 114.0 115.3 114.7 114.6 115.7 114.7 116.2 115.7 116.9 117.4 118.1 119.2 119.6 "121.2 121.4 Business supplies do 120.3 134.2 136.9 134.9 136.1 137.1 138.0 135.9 137.9 138.6 139.4 140.7 141.7 140.4 "140.7 Materials do 102.8 114.6 116.1 115.9 114.2 114.6 114.6 115.4 115.4 115.5 115.0 114.2 114.3 113.9 "114.2 114.2 Durable goods materials do 103.7 122.3 124.4 124.0 123.7 123.9 123.4 124.2 123.3 123.3 122.8 120.7 120.8 120.1 "121.1 120.4 Nondurable goods materials do 106.2 111.2 111.6 111.4 111.2 110.7 110.7 110.9 111.4 110.3 110.4 111.3 111.8 112.8 "112.8 113.4 Energy materials do 98.4 104.0 105.5 105.5 99.9 101.5 102.4 103.9 104.9 106.2 105.3 105.3 105.1 103.9 "103.3 104.1 By industry groupings: Mining and utilities do 103.8 110.9 111.9 112.1 108.0 110.1 109.9 111.4 111.9 111.8 111.1 111.3 111.6 109.9 "109.6 109.5 Mining do 102.9 110.9 113.0 113.6 107.2 108.8 108.9 110.5 109.5 110.5 109.6 109.8 110.6 108.7 "108.0 107.2 Metal mining do 65.2 77.0 72.2 73.6 75.3 75.5 69.3 70.5 74.5 83.6 81.2 78.3 '77.5 '60.9 "59.2 Coal ...do. .. 113.3 127.6 136.4 144.2 102.0 113.1 116.2 118.5 121.5 131.9 128.5 128.7 134.0 128.0 "127.7 127.0 Oil and gas extraction # do .... 102.8 109.1 110.2 109.2 110.1 109.8 109.8 110.7 108.2 106.8 106.5 106.9 106.9 107.0 "105.9 105.0 Crude oil do 105.3 106.1 106.8 105.9 107.2 107.2 107.0 108.2 107.5 108.4 107.1 108.3 108.2 108.6 "108.0 Natural gas do 83.1 89.9 88.9 88.1 89.3 89.2 89.7 92.3 90.2 89.4 85.8 86.5 87.5 '86.5 "84.1 Stone and earth minerals do 106.1 116.1 118.4 117.6 114.2 115.3 113.2 118.5 119.8 118.7 118.5 118.7 117.9 116.5 "119.0 Utilities do 105.2 110.9 110.0 109.7 109.4 112.1 111.6 113.0 115.8 113.9 113.6 113.7 113.4 112.0 "112.3 113.4 Electric ...do .. 111.2 116.8 116.8 116.2 116.8 118.7 117.5 118.9 121.9 119.5 119.1 119.5 119.4 117.7 "118.5 120.0 Manufacturing ...do . 110.2 123.9 125.9 125.6 125.5 126.0 125.8 125.9 125.8 126.3 126.6 126.6 126.7 126.9 "127.7 127.5 Nondurable manufactures do .... 113.7 122.5 123.2 123.1 123.3 123.8 123.4 123.2 123.8 123.9 124.3 124.7 125.5 125.7 "125.7 125.9 Foods ... do 120.4 127.1 127.7 128.2 129.1 128.7 129.0 128.2 129.4 128.5 130.8 131.4 131.8 132.1 "132.3 Tobacco products do 101.3 100.7 97.3 99.6 103.1 102.7 107.4 97.2 103.8 103.4 98.4 95.7 r98.9 98.8 "96.4 Textile mill products do 100.9 103.7 103.5 100.9 100.3 97.1 94.7 93.6 98.5 99.4 99.0 100.0 103.3 104.1 "103.0 Apparel products do 95.3 102.8 101.3 100.1 100.5 101.1 102.5 102.6 103.1 101.3 100.2 100.3 99.2 100.6 "100.3 Paper and products do 119.8 127.3 128.2 128.9 127.6 127.7 128.8 128.3 126.4 126.9 125.1 124.1 127.1 129.0 "128.1 Printing and publishing do .... 129.8 147.9 151.5 148.8 149.5 153.5 151.2 150.4 150.3 152.6 154.2 155.4 156.7 155.0 "155.1 154.5 Chemicals and products do 114.0 121.7 122.0 124.2 123.5 124.3 123.4 125.7 125.8 126.5 125.8 126.7 126.4 126.3 "126.1 Petroleum products do 84.0 87.4 87.5 85.7 85.4 86.2 84.7 84.1 84.0 84.7 87.3 87.4 '87.1 '88.3 "88.5 '87"0 Rubber and plastics products do .... 124.3 143.2 144.5 144.1 146.0 146.6 146.6 145.9 145.7 144.1 144.9 144.3 145.5 145.7 "147.7 Leather and products do.... 82.0 76.7 74.2 73.4 70.9 71.5 71.4 69.1 69.2 69.4 69.9 71.0 '71.5 '72.8 "73.8 Durable manufactures do 107.7 124.8 127.7 127.2 127.0 127.5 127.4 127.8 127.2 128.0 128.2 127.9 127.6 127.7 "129.1 128.6 Lumber and products do.... 100.2 109.1 109.4 110.4 110.2 109.5 109.4 109.2 109.1 109.5 110.9 112.2 113.5 113.0 Furniture and fixtures do.... 118.2 136.7 140.0 140.9 139.9 139.8 138.0 136.5 139.0 139.2 141.0 142.0 141.9 145.1 "143.2 Clay, glass, and stone products do .... 99.1 112.3 113.7 112.6 113.3 113.6 111.8 112.7 110.5 111.4 114.5 116.3 116.1 115.1 "116.9 Primary metals do 73.0 82.4 84.0 82.9 81.3 80.9 78.4 81.7 80.2 81.8 81.4 76.4 78.3 '78.9 "81.1 '80.9 Iron and steel do 66.1 73.5 74.6 73.6 71.0 71.1 68.9 71.0 68.5 73.2 71.9 65.4 67.6 '68.4 "71.0 Nonferrous metals ...do . 86.2 99.3 101.9 100.6 100.6 99.5 96.3 102.0 102.2 98.1 99.3 97.2 98.5 '98.6 "100.3 Fabricated metal products do .... 89.1 102.8 104.1 104.8 104.8 105.4 105.9 106.4 107.6 108.6 109.1 108.3 107.4 107.3 "108.3 ibsli Nonelectrical machinery do .... 118.3 142.0 147.8 146.5 146.6 145.8 144.6 145.0 144.9 146.5 148.9 149.1 145.6 147.0 "148.6 147.2 Electrical machinery do 143.8 172.4 176.2 176.8 178.4 178.9 180.2 176.0 173.2 173.1 168.9 169.3 169.5 165.7 "166.0 164.9 Transportation equipment do .... 99.2 113.6 116.2 114.3 113.4 116.0 117.8 120.4 120.5 120.8 120.7 120.9 121.8 123.7 "126.5 126.2 Motor vehicles and parts. do 85.8 105.6 108.3 104.6 103.1 107.5 109.5 113.0 112.5 111.3 110.9 110.5 110.5 112.8 "116.7 115.2 Instruments do 123.2 136.9 139.8 140.2 138.6 138.6 138.9 138.7 138.7 139.0 138.5 139.9 140.7 141.1 "141.3 141.6 BUSINESS SALES Mfg. and trade sales (unadj.), total @ mil. $. 4,424,965 4,940,798 417,072 413,047 426,712 420,403 433,117 386,374 392,159 430,696 425,937 442,179 433,541 r409,121 430,743 Mfg. and trade sales (seas, adj.), total @ do 1 4,424,965 1 4,940,798 413,300 412,276 414,243 417,635 421,613 417,350 418,667 420,776 426,472 428,275 418,378 '422,483 429,107 Manufacturing, total tt do ... 1 2,045,297 1 2,274,932 191,155 189,330 191,275 193,043 196,181 191,724 192,261 194,303 193,509 194,638 193,871 193,793 195,859 Durable goods industries do... 1,019,411 1,182,019 100,254 98,214 100,807 102,394 103,939 101,966 101,724 102,116 102,068 102,718 102,657 102,478 105,236 Nondurable goods industries do... 1,025,886 1,092,913 90,901 91,116 90,468 90,649 92,242 89,758 90,537 92,187 91,441 91,920 91,214 '91,315 90,623 Retail trade, total $ do... 1 1,174,298 1 1,297,015 107,396 108,373 108,974 110,255 110,519 110,972 112,096 111,854 115,351 114,884 113,730 114,417 117,040 Durable goods stores do 396,493 464,287 38,071 38,301 39,281 39,934 40,295 40,622 41,073 40,765 42,932 42,789 42,064 '42,341 44,270 Nondurable goods stores do 777,805 832,728 69,325 70,072 69,693 70,321 70224 70,350 71,023 71,089 72,419 72,095 71,666 '72,076 72,770 Merchant wholesalers, total t do... 1 1,205,370 1 1,368,851 114,749 114,573 113,994 114,337 114,913 114 654 114,310 114,619 117,612 118,753 110,777 114,273 116,208 Durable goods establishments do... 516,964 613,382 51,920 51,888 51,780 51,505 51,045 52,582 50,874 52,729 53,136 54,274 50,429 '51,419 53,076 Nondurable goods establishments do ... 698,406 755,469 62,829 62,685 62,214 62,832 63,868 62,072 63,436 61,890 64,476 64,479 60,348 '62,854 63,132 Mfg. and trade sales in constant (1972) dollars (seas, adj.), total § bil. $ . 178.9 178.3 178.1 179.7 182.7 180.5 181.1 181.8 183.5 184.8 181.1 182.5 184.9 Manufacturing. do 81.9 80.7 80.9 81.7 83.3 81.4 81.5 82.2 81.7 82.3 81.9 '82.0 82.7 Retail trade do 53.2 54.1 53.5 54.1 55.1 54.8 55.4 55.2 56.4 56.5 56.1 '56.2 57.3 Merchant wholesalers do... 43.8 43.5 43.7 44.0 44.3 44.4 44.2 44.4 45.4 46.0 43.2 '44.3 44.9 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-3 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,, . methodological notes are as shown in umis BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. GENERAL BUSINESS INDICATORS—Continued BUSINESS INVENTORIES Mfg. and trade inventories, book value, end of period (unadj.), total @ mil $ 514,377 566,119 558,519 565,439 577,714 582,094 566,119 568,432 577,064 580,273 582,604 579,140 577,841 '575,766 574,325 Mfg. and trade inventories, book value, end of period (seas, adj.), total @ mil $ 520,281 573,434 561,715 565,475 568,750 571,239 573,434 575,802 578,940 578,768 580,201 577,781 579,665 '580,116 577,925 Manufacturing, total tt do 260,682 285,709 282,774 284,531 285,597 285,668 285,709 285,785 286,146 286,171 286,049 284,900 285,678 '285,036 284,584 Durable goods industries do.... 171,629 191,109 187,035 188,619 190,088 190,669 191,109 192,153 192,030 192,355 192,475 191,546 192,239 192,163 191,766 Nondurable goods industries do .... 89,053 94,600 95,739 95,912 95,509 94,999 94,600 93,632 94,116 93,816 93,574 93,354 93,439 r92,873 92,818 Retail trade, total £ do.... 139,123 155,517 149,508 150,334 152,130 153,070 155,517 157,770 159,163 158,732 160,184 158,867 158,508 159,239 157,826 Durable goods stores do 66,845 74,582 70,201 70,801 71,896 72,839 74,582 76,393 76,838 77,401 78,312 77,001 77,344 '76,894 75,569 Nondurable goods stores do . 72,278 80,935 79,307 79,533 80,234 80,231 80,935 81,377 82,325 81,331 81,872 81,866 81,164 r82,345 82,257 Merchant wholesalers, total t do. 120,476 132,208 129,433 130,610 131,023 132,501 132,208 132,247 133,631 133,865 133,968 134,014 135,479 135,841 135,515 Durable goods establishments do . . 77,331 86,436 83,908 84,882 85,208 85,868 86,436 86,423 87,589 87,084 87,451 86,966 87,357 r87,375 87,207 r Nondurable goods establishments do .... 43,145 45,772 45,525 45,728 45,815 46,633 45,772 45,824 46,042 46;781 46,517 47,048 48,122 48,466 48,308 Mfg. and trade inventories in constant (1972) dollars, end of period(seas. adj.),total § ..bil $ 274.3 276.1 277.6 278.3 279.0 280.4 282.3 282.7 283.4 282.8 283.5 r284.0 283.7 Manufacturing do 144.0 144.9 145.3 145.1 144.9 145.1 145.4 145.4 145.5 145.1 145.5 r!45.7 145.6 Retail trade do .. 71.5 71.8 72.7 72.8 73.8 74.9 75.9 76.3 76.7 76.3 76.1 '76.5 75.9 Merchant wholesalers do 58.8 59.4 59.6 60.3 60.3 60.3 61.0 61.0 61.2 61.4 61.9 r61.8 62.2 BUSINESS INVENTORY-SALES RATIOS Manufacturing and trade, total @ ratio 1.38 1.34 1.36 1.37 1.37 1.37 1.36 1.38 1.38 1.38 1.36 1.35 1.39 1.37 1.35 Manufacturing, total tt do 1.52 1.45 1.48 1.50 1.49 1.48 1.46 1.49 1.49 1.47 1.48 1.46 1.47 1.47 1.45 Durable goods industries.. . do 2.01 1.85 1.87 1.92 1.89 1.86 1.84 1.88 1.89 1.88 1.88 1.86 1.87 1.88 1.82 Materials and supplies do.... .60 .55 .56 .57 .56 .55 .54 .55 .55 .54 .55 .53 .53 .53 .51 Work in process do .90 .85 .85 .88 .87 .87 .85 .87 .87 .88 .88 .87 .88 .89 .87 Finished goods do.. .51 .45 .45 .46 .46 .46 .45 .47 .46 .46 .46 .46 .46 '.45 .44 Nondurable goods industries do . 1.03 1.03 1.05 1.05 1.06 1.05 1.03 1.04 1.04 1.02 1.02 1.02 1.02 1.02 1.02 Materials and supplies do .41 .41 .41 .41 .42 .41 .40 .41 .41 .39 .40 .39 .40 .39 .40 Work in process .. do .17 .16 .17 .16 .17 .16 .16 .16 .16 .16 .16 .16 .16 '.16 .16 Finished goods do .46 .46 .48 .48 .48 .48 .47 .47 .47 .47 .47 .47 .47 .47 .47 Retail trade, total $ do 1.34 1.37 1.39 1.39 1.40 1.39 1.41 1.42 1.42 1.42 1.39 1.38 1.39 1.39 1.35 Durable goods stores do . 1.87 1.83 1.84 1.85 1.83 1.82 1.85 1.88 1.87 1.90 1.82 1.80 1.84 1.82 1.71 Nondurable goods stores do . 1.07 1.12 1.14 1.14 1.15 1.14 1.15 1.16 1.16 1.14 1.13 1.14 1.13 1.14 1.13 Merchant wholesalers, total t do. 1.17 1.11 1.13 1.14 1.15 1.16 1.15 1.15 1.17 1.17 1.14 1.13 1.22 1.19 1.17 Durable goods establishments do.. 1.76 1.60 1.62 1.64 1.65 1.67 1.69 1.64 1.72 1.65 1.65 1.60 1.73 1.70 1.64 Nondurable goods establishments do .... .71 .72 .72 .73 .74 .74 .72 .74 .73 .76 .72 .73 .80 .77 .77 Manufacturing and trade in constant (1972) dollars, total § do 1.53 1.55 1.56 1.55 1.53 1.55 1.56 1.56 1.54 1.53 1.57 1.56 1.53 Manufacturing do. 1.76 1.80 1.80 1.78 1.74 1.78 1.78 1.77 1.78 1.76 1.78 1.78 1.76 Retail trade do 1.34 1.33 1.36 1.35 1.34 1.37 1.37 1.38 1.36 1.35 1.36 1.36 1.32 Merchant wholesalers do 1.34 1.37 1.37 1.37 1.36 1.36 1.38 1.38 1.35 1.34 1.43 1.40 1.39 MANUFACTURERS' SALES, INVENTORIES, AND ORDERS tt Shipments (not seas, adj.), total mil. $.. 2,045,297 2,274,932 188,640 199,382 196,319 190,545 189,108 175,771 192,579 203,913 194,611 197,375 207,055 179,513 193,208 Durable goods industries, total do.... 1,019,411 1,182,019 96,620 103,544 103,893 100,716 99,614 91,591 101,849 109,305 103,923 105,450 112,012 r92,728 101,494 Stone, clay, and glass products do. 49,058 54,993 4,981 4,931 4,998 4,639 4,101 4,015 4,391 4,725 4,994 4,984 5,231 '4,753 4,916 Primary metals do 117,904 131,152 10,952 10,569 10,926 10,263 9,252 10,185 10,771 10,912 11,106 11,015 11,236 '9,710 10,823 Blast furnaces, steel mills do.... 48,189 53,836 4,432 4,286 4,428 4,101 3,741 4,281 4,483 4,579 4,647 4,603 4,749 '4,030 4,455 Fabricated metal products do.... 120,570 139,213 11,786 12,346 12,670 12,380 11,909 11,936 13,055 14,106 13,751 14,391 14,982 13,459 14,831 Machinery, except electrical do .... 178,267 210,168 16,389 19,297 18,059 17,799 19,328 14,734 17,107 19,982 17,769 18,149 19,867 15,827 16,279 Electrical machinery do.... 156,016 182,534 15,009 16,718 15,605 15,372 16,572 13,557 15,288 16,352 14,612 14,796 16,844 13,586 15,099 Transportation equipment do .... 240,496 288,306 22,260 23,777 25,630 25,612 24,438 24,341 26,707 27,639 26,630 26,747 27,268 '21,466 24,104 Motor vehicles and parts do.... 151,870 191,493 14,791 15,106 17,345 17,113 14,226 17,168 17,904 17,962 17,749 18,224 17,499 13,113 15,057 Instruments and related products do.... 47,913 53,511 4,436 4,914 4,564 4,550 4,706 4,099 4,645 4,946 4,529 4,670 5,252 '4,430 4,561 Nondurable goods industries total do 1,025,886 1,092,913 92,020 95,838 92,426 89,829 89,494 84,180 90,730 94,608 90,688 91,925 95,043 '86,785 91,714 Food and kindred products do 286,605 295,050 24,452 25,897 25,279 24,427 24,894 22,817 24,969 25,939 23,980 25,030 25,276 '23,581 24,009 Tobacco products do 15,462 16,918 1,494 1,571 1,379 1,343 1,717 1,208 1,522 1,800 1,442 1,772 2,199 1,349 1,727 Textile mill products do 52,219 55,078 4,697 4,918 4,643 4,259 4,141 3,706 4,224 4,720 4,266 4,360 4,651 '3,718 4,520 Paper and allied products do.... 85,135 95,944 8,167 8,170 8,149 7,860 7,721 7,811 8,389 8,394 8,099 8,224 8,491 '7,702 8,182 Chemical and allied products do.... 190,230 211,833 17,447 18,349 16,951 16,524 17,550 17,124 17,860 19,157 18,702 18,211 19,194 16,687 17,527 Petroleum and coal products do.... 191,551 200,588 16,641 17,509 16,584 16,608 16,588 14,699 15,285 15,923 16,397 16,342 16,812 16,029 16,431 Rubber and plastics products . do 50,320 52,147 4,441 4,557 4,423 4,316 3,857 3,894 4,155 4,107 4,110 4,098 4,208 '3,829 3,986 Shipments (seas, adj.), total .. do 191,155 189,330 191,275 193,043 196,181 191,724 192,261 194,303 193,509 194,638 193,871 193,793 195,859 By industry group: Durable goods industries total # do 100,254 98,214 100,807 102,394 103,939 101,966 101,724 102,116 102,068 102,718 102,657 102,478 105,236 Stone, clay, and glass products do 4,680 4,510 4,706 4,722 4,693 4,742 4,718 4,670 4,933 4,822 4,753 '4,808 4,617 Primary metals do 11,170 10,471 10,912 10,846 10,322 10,500 10,411 10,034 10,586 10,579 10,481 10,666 11,032 Blast furnaces, steel mills do . 4,559 4,369 4,494 4,334 4,092 4,377 4,282 4,181 4,413 4,478 4,377 '4,419 4,574 Fabricated metal products . do 11,612 11,737 12,110 12,726 12,910 13,478 13,204 13,470 13,548 13,975 13,854 14,404 14,569 Machinery, except electrical do 17,645 18,122 18,149 18,012 17,915 16,788 17,049 18,367 18,117 18,067 17,979 17,549 17,573 Electrical machinery do 15,434 15,705 15,338 15,378 16,730 14,782 15,220 15,544 14,589 14,801 15,669 15,012 15,574 Transportation equipment do 24,942 22,905 24,586 25,847 26,556 26,795 26,331 25,120 25,317 25,175 24,335 '24,985 26,897 Motor vehicles and parts do 16,872 14,588 16,175 17,388 17,427 18,359 17,497 16,187 16,475 16,673 15,291 15,836 17,134 Instruments and related products do 4,504 4,540 4,428 4,523 4,562 4,542 4,784 4,692 4,699 4,747 4,896 '4,829 4,636 Nondurable goods industries, total # do... 90,901 91,116 90,468 90,649 92,242 89,758 90,537 92,187 91,441 91,920 91,214 '91,315 90,623 Food and kindred products do 24,429 24,329 24,614 24,593 25,023 24,825 24,893 25,045 24,603 25,101 24,139 '24,895 24,016 Tobacco products . . do 1,412 1,421 1,356 1,331 1,599 1,329 1,684 1,874 1,468 1,836 2,006 1,465 1,634 Textile mill products do 4,518 4,556 4,459 4,375 4,412 4,254 4,231 4,306 4,299 4,287 4,248 '4,351 4,333 Paper and allied products do 8,004 7,997 8,050 8,137 8,253 8,069 8,140 8,047 8,029 8,190 8,131 '8,135 8,021 Chemicals and allied products do... 17,980 17,666 17,732 17,557 18,095 18,001 17,630 17,583 17,955 17,456 17,982 18,184 18,057 Petroleum and coal products do 16,426 17,087 16,416 16,592 16,416 14,869 15,554 16,520 16,816 16,418 16,308 15,975 16,249 Rubber and plastics products do 4,302 4,272 4,142 4,435 4,334 4,227 4,185 4,102 4,049 4,103 3,903 '3,977 3,863 See footnotes at end of tables. S-4 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and .. M methodological notes are as shown in uml8 BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. GENERAL BUSINESS INDICATORS—Continued MANUFACTURERS' SALES, INVENTORIES, AND ORDERS t— Continued Shipments (seas, adj.)— Continued By market category: Home goods and apparel mil $ 1 145 185 1 156 346 12885 12809 12868 12839 13 183 12837 12982 13222 13 114 13 214 13 173 13 021 13230 Consumer staples do 1 383 308 1 403 584 33702 33621 33969 33718 34675 34512 34677 35116 33979 34923 34802 '34 704 34011 Equipment and defense products, except auto do 1 297 016 1 338 881 28420 29296 28951 29403 30531 27920 29,552 30,887 30170 29,843 31,123 r29,992 30,468 Automotive equipment do 1 174 193 1 215 445 18806 16533 18 109 19388 19324 20389 19345 18 148 18 413 18600 17 190 r 17 631 19016 Construction materials, supplies, and intermediate products . do 1 157 168 ' 179 172 15007 15136 15574 16018 16371 16688 16338 16669 17014 17396 17488 17 442 17,416 Other materials, supplies, and intermediate products do 1 888 427 1 98 1500 82335 81935 81 804 81 677 82097 79378 79367 80261 80819 80662 80095 r81 003 81718 Supplementary series: Household durables .... do 1 64 777 7 75 036 6295 6263 6533 6377 6348 6521 6,316 6,451 6443 6574 6,608 r6,377 6,393 Capital goods industries do 1 337 497 1 386 980 32393 33452 33 105 33434 35 086 31 628 33029 34485 33454 33393 34703 r33 869 34928 Nondefense do 1 272 339 ' 314 475 26360 27371 26782 27095 28321 25248 26334 27767 27 102 26809 27482 '27 042 27770 Defense... . do 1 65 158 1 72 503 6033 6081 6323 6339 6765 6380 6695 6718 6352 6584 7 221 r6827 7 158 Inventories, end of year or month: Book value (unadjusted), total ... do 257 601 281 956 283 072 283 187 285,417 284 794 281 956 284 529 287,323 286,913 288 095 287 400 286 071 r284,842 284,884 Durable goods industries, total do .... 169,023 188,091 187,591 187,888 189,632 189,368 188,091 190,648 192,814 193,157 193,991 193,692 193,077 192,382 192,315 Nondurable goods industries, total do.... 88578 93865 95,482 95,299 95,785 95,426 93,865 93,881 94,509 93,756 94,104 93,708 92,994 r92,460 92,569 Book value (seasonally adjusted) total do 260 682 285 709 282 774 284 531 285 597 285 668 285 709 285 785 286 146 286 171 286 049 284 900 285 678 r285 036 284 584 By industry group: Durable goods industries, total # do 171 629 191 109 187 035 188 619 190 088 190 669 191 109 192 153 192 030 192 355 192 475 191 546 192 239 192 163 191 766 Stone, clay, and glass products .. do 5676 5869 5897 5932 5,896 5887 5869 5911 5,880 5,958 5,920 5,880 5,982 r5,981 5,837 Primary metals do 19403 20632 21,199 21,270 20,927 20,734 20,632 19,577 19,310 19,558 19,297 19,083 19,100 18,822 18,621 Blast furnaces steel mills do 9213 9401 9983 9990 9764 9612 9401 8950 8816 8878 8717 8619 8587 r8427 8354 Fabricated metal products do 17764 19251 18283 18712 18803 19269 19251 19 139 19024 19210 19093 18804 18893 18 540 18604 Machinery, except electrical do.... 36,757 40,696 39,939 39,835 40,360 40,659 40,696 41,463 41,669 41,502 41,609 41,273 41,009 r40,981 40,902 Electrical machinery do .... 28,178 32,783 31,459 31,934 32,564 32,764 32,783 33,396 33,537 33,614 33,744 33,957 34,270 '34,504 34,422 Transportation equipment... do 40457 47418 46,077 46,824 47,281 47,092 47,418 47,801 47,733 47,708 48,091 48,060 48,582 r48,869 49,210 Motor vehicles and parts do 9408 11 219 10579 10747 10963 10923 11 219 10993 11 142 11 115 11 254 10979 11 127 11 262 11432 Instruments and related products do .... 9,007 9,412 9,513 9,360 9,470 9,417 9,412 9,537 9,670 9,714 9,709 9,684 9,657 r9,686 9,607 By stage of fabrication: Materials and supplies do 51 604 56469 56155 56592 56,619 56 101 56469 56033 55,768 55,445 55638 54693 54714 r54 257 54 109 Work in process... do 77463 88105 86,170 86,886 87,685 88,290 88,105 88,672 88,967 89,684 89,537 89,654 90,306 r91,383 91,226 Finished goods do.... 42,562 46,535 44,710 45,141 45,784 46,278 46,535 47,448 47,295 47,226 47,300 47,199 47,219 r46,523 46,431 Nondurable goods industries, total # do 89053 94600 95739 95912 95509 94999 94600 93632 94 116 93816 93574 93354 93439 r92 873 92818 Food and kindred products do.... 20,869 21,500 21,933 21,630 21,344 21,448 21,500 23,800 24,183 24,180 23,929 23,612 23,465 r23,217 23,628 Tobacco products do 3935 3558 3,511 3,578 3,586 3,544 3,558 3,599 3,629 3,530 3,470 3,426 3,301 3,317 3,220 Textile mill products do 6908 7017 7364 7310 7342 7 118 7017 6946 6991 6932 6876 6747 6737 r6662 6592 Paper and allied products do 8728 9691 9461 9581 9594 9667 9691 9880 9883 9942 9782 9690 9678 r9,533 9,643 Chemicals and allied products do 19616 21872 21874 22247 22 102 21 918 21 872 21 360 21366 21420 21364 21499 22050 r21 887 21,699 Petroleum and coal products do 8266 8427 8839 8757 8800 8609 8427 8209 8,045 8,042 7,973 8,183 7,953 '7,736 7,349 Rubber and plastics products do 5676 5989 6283 6 158 6 104 6043 5989 5931 6028 6069 6044 6055 6094 '6 143 6,263 By stage of fabrication: Materials and supplies do 36170 36635 37513 37534 37387 37 197 36635 36731 36,914 36,400 36,399 36,107 36,448 r35,917 35,877 Work in process do 14 480 14 811 15 135 14968 15 014 14 810 14 811 14 656 14642 14524 14351 14318 14336 14 216 14 167 Finished goods do 38403 43 154 43091 43410 43*108 42992 43 154 42245 42560 42892 42824 42929 42655 r42 740 42,774 By market category: Home goods and apparel do 21 018 23 046 22676 22845 23 021 22 959 23 046 23 136 22885 22685 22797 22340 22354 r22 351 22380 Consumer staples do 32266 34262 34091 34 173 34084 34223 34262 34 102 34 417 34209 34234 34247 34053 r34 126 34 147 Equip, and defense prod., exc. auto do... 73281 83372 81,221 81 815 83 129 83526 83372 84796 85,263 84,844 85,377 85,586 85,567 r86,lll 86,049 Automotive equipment do.... 11,566 13,713 13,001 13,175 13,422 13,397 13,713 13,499 13,680 13,606 13,689 13,449 13,498 13,642 13,822 Construction materials, supplies, and intermediate products do .... 19,150 19,551 19,591 19,639 19,681 19,850 19,551 19,583 19,495 19,563 19,352 19,336 19,555 19,253 19,045 Other materials, supplies, and intermediate products do 103 401 111 765 112 194 112 884 112 260 111 713 111 765 110 669 110 406 111 264 110 600 109 942 110 651 109 553 109 141 Supplementary series: Household durables do 10 110 11 585 11045 11 203 11 378 11 371 11 585 11837 11,680 11,694 11,703 11,487 11,407 11,489 11,471 Capital goods industries do 83226 94 813 92440 93251 94 487 94629 94 813 96 427 96834 96629 97299 97467 98019 r98 362 98,489 Nondefense do 65389 72296 71 125 71 110 71 936 72048 72296 73336 73,429 73,140 73,293 73,505 73,298 r73,045 72,585 Defense do 17837 22517 21315 22141 22 551 22 581 22 517 23091 23405 23489 24006 23962 24721 r25 317 25,904 New orders, net (not seas, adj.), total do 2 079 102 2 299 609 187 068 197 133 193 050 190 850 190 119 183 087 195 781 204 229 192 564 195 193 208 112 179 067 191,608 Durable goods industries, total do 1 051 573 1 207 327 95493 101 496 100 935 101 287 100 479 98622 105,013 109,729 101,914 103,166 112,968 r92,085 100,128 Nondurable goods industries, total do .... 1,027,529 1,092,282 91,575 95,637 92,115 89,563 89,640 84,465 90,768 94,500 90,650 92,027 95,144 r86,982 91,480 New orders, net (seas, adj.), total do.... 1 2,079,102 '2,299,609 192,384 189,217 186,799 194,982 193,671 195,210 193,057 191,532 191,081 195,019 198,261 195,793 197,488 By industry group: Durable goods industries, total do . . 1 1,051 573 1 1 207 327 101,860 98,210 96506 104 434 101 307 105 447 102,467 99,544 99,839 102,971 106,780 104,370 107,035 Primary metals do 1 123 394 1 129 346 10848 10086 10 462 10536 10098 10803 10015 10019 11 169 10559 10736 10 604 10,881 Blast furnaces, steel mills ... do 1 51 282 ' 52 547 4377 3954 4338 4368 4248 4680 4377 4093 4734 4215 4344 r4,509 4,852 Nonferrous and other pri- mary metals do 1 59 618 1 61 342 5086 4896 4925 4985 4734 4826 4527 4657 5101 5013 5229 r4859 4,745 Fabricated metal products do ... ' 119,455 ' 140,282 11,892 11,995 12,257 13,131 12,824 13,582 12,979 13,253 13,457 13,593 13,426 14,206 14,653 Machinery, except electrical do ... 1 180,874 '213,008 17,705 17,800 16,928 17,905 16,751 15,255 20,497 18,782 17,002 17,332 17,822 17,766 17,897 Electrical machinery do... 1 165,573 '191,281 16,457 16,592 14,929 14976 15 136 17935 14,502 15,871 14,378 14,947 16,200 15,189 14,745 Transportation equipment do ... 1 254,004 '301,530 25,491 22,605 22,226 28,470 26,725 27,818 24,831 22,532 23,975 26,416 28,300 r26,730 29,573 Aircraft, missiles, and parts do... 1 81,899 '93,227 7,633 7,148 5,211 9,723 8,106 8,329 6,095 5,026 6,433 8,002 10,573 '9,336 11,047 Nondurable goods industries total do ' 1 027 52'9 1 092 282 90524 91 007 90293 90548 92364 89763 90590 91988 91 242 92048 91481 r91 423 90453 Industries with unfilled orders $ do 1 222 706 '244241 20 189 20475 20477 20341 20811 20927 20704 20836 20396 21 243 21 367 r21 101 20500 Industries without unfilled orders <) do... 1 804,823 ' 848,041 70,335 70,532 69,816 70,207 71,553 68,836 69,886 71,152 70,846 70,805 70,114 '70,322 69,953 By market category: Home goods and apparel do 1 145 896 ' 156 164 12873 12709 12700 12354 13 197 13426 12962 12910 12843 13 118 13210 12 964 13 161 Consumer staples do.. 1 383 242 ' 403,509 33,714 33,593 34,003 33,690 34,675 34,516 34,758 35,047 33,988 34,943 34,770 r34,696 33,966 Equip, and defense prod., exc. auto do... 1 310,882 '361,887 30,744 30,247 27,318 32,982 29,016 29,982 30,366 30,750 29,299 30,738 33,946 r31,800 32,030 Automotive equipment do 1 176 620 '214 151 18476 16 107 17707 19 110 19 186 20231 19662 18 123 18247 18461 17438 17 357 19 148 Construction materials, supplies, and intermediate products do ... ' 156,572 ' 179,527 15,249 15,059 15,681 16,057 16,574 16,822 16,511 16,322 17,036 17,200 17,324 17,339 17,432 Other materials, supplies, and intermediate products do... 1 905,890 '984,368 81,328 81,502 79,390 80,789 81,023 80,233 78,798 78,380 79,668 80,559 81,573 '81,637 81,751 Supplementary series: Household durables do... 1 65,389 '74,969 6,320 6,188 6,417 5,925 6,371 7,093 6,220 6,167 6,195 6,453 6,616 r6,291 6,268 Capital goods industries do '354712 '413931 34826 34695 30426 36927 34341 34694 34201 33446 31 591 34367 39222 r36 279 37 611 Nondefense do 1 273 162 ' 324 208 26736 27394 25259 26836 26893 23633 29,493 27206 25461 25594 27984 r26 685 27,643 Defense do... '81,550 '89,723 8,090 7,301 5,167 10,091 7,448 11,061 4,708 6,240 6,130 8,773 11,238 '9,594 9,968 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-5 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and 1T It methodological notes are as shown in ' Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. GENERAL BUSINESS INDICATORS—Continued MANUFACTURERS' SALES, INVENTORIES, AND ORDERS tt— Continued Unfilled orders, end of period (unadjusted), total mil $ 328 232 352 940 357 132 354 888 351 620 351 926 352 940 360 261 363 459 363 772 361 728 359 545 360 602 r360 156 358 556 Durable goods industries, total do 317 708 343 026 346 596 344 549 341 591 342 161 343 026 350 061 353 223 353 645 351 638 349 353 350 309 r349 666 348,300 Nondurable goods industries with unfilled orders t do 10524 9914 10536 10 339 10029 9765 9914 10 200 10236 10 127 10090 10192 10293 10 490 10256 Unfilled orders, end of period (seasonally adjusted) total mil $ 330 924 355 640 360 800 360 687 356 211 358 150 355 640 359 125 359 926 357 151 354 731 355 112 359 502 '361 502 363 131 By industry group: Durable goods industries, total # do.... 320,123 345,443 350,340 350,336 346,035 348,075 345,443 348,924 349,671 347,096 344,874 345,127 349,250 '351,142 352,941 Primary metals do . 20933 19 100 20469 20084 19634 19324 19 100 19403 19009 18993 19576 19556 19811 19 749 19598 Blast furnaces, steel mills do.... 9,969 8,660 9,041 8,626 8,470 8,504 8,660 8,963 9,058 8,970 9,291 9,028 8,995 '9,085 9,363 Nonferrous and other pri- mary metals do 8408 7 444 8 108 8 172 7964 7708 7 444 7367 6 989 6963 7 118 7223 7528 r7412 6924 Fabricated metal products do 20535 21 651 20927 21 185 21 332 21 737 21 651 21 754 21 529 21313 21222 20840 20412 r20 214 20298 Machinery, except electrical do .... 58,444 61,328 64,142 63,820 62',599 62,492 61,328 59,794 63,245 63,659 62,547 61,814 61,657 '61,874 62,198 Electrical machinery do . 70106 78868 80386 81273 80864 80462 78868 82023 81304 81630 81 423 81 569 82100 '82 277 81,448 Transportation equipment do 134 451 147 596 147 464 147 164 144 804 147 427 147 596 148 618 147 120 144 531 143 189 144 428 148 393 150 138 152 814 Aircraft, missiles, and parts do 103 820 119 920 117 549 117 987 116372 119 208 119920 121 388 120 298 118 097 117351 118 529 121 735 123 442 126 480 Nondurable goods industries with unfilled orders $ do 10 801 10 197 10460 10 351 10 176 10 075 10 197 10201 10 255 10055 9 357 9985 10252 10 360 10 190 By market category: Home goods and apparel * do 4783 4562 5301 5201 5033 4548 4562 5 154 5 133 4819 4552 4456 4493 r4436 4367 Consumer staples * do.... 719 649 671 643 677 649 649 653 735 666 675 695 663 '655 610 Equip, and defense prod., excl. auto * ... do 196 921 219 947 218 565 219 516 217 883 221 462 219 947 222 007 222 824 222 686 221 820 222 714 225 537 r227 345 228 907 Automotive equipment * do 7544 6287 7531 7 105 6703 6425 6287 6 129 6446 6422 6256 6*117 6365 r6091 6223 Construction materials, supplies, and intermediate products do 12261 12640 12368 12291 12398 12437 12640 12774 12 946 12 600 12621 12425 12261 12 158 12174 Other materials, supplies, and intermediate products do 108 696 111 555 116364 115931 113517 112 629 111 555 112 408 111 842 109 958 108 807 108 705 110,183 110817 110,850 Supplementary series: Household durables do 4256 4 155 4775 4700 4584 4 132 4 155 4730 4633 4347 4103 3982 3990 '3904 3779 Capital goods industries do.... 236 818 263 713 262,401 263 644 260 965 264 458 263 713 266 777 267 953 266911 265 054 266 028 270 547 r272 957 275,640 Nondefense • do 124 064 133 938 137 125 137 148 135 625 135 366 133 938 132 322 135 486 134 921 133 285 132 070 132 572 132215 132 088 Defense . do 112754 129 775 125 276 126 496 125 340 129*092 129 775 134 455 132*467 131 990 131 769 133 958 137 975 140 742 143*552 BUSINESS INCORPORATIONS @ New incorporations (50 States and Dist. Col.): Unadjusted number .. 600,400 634,991 53,326 47 118 55,216 49,585 51,844 55769 49789 57,493 58,827 Seasonally adjusted . . . do 51 723 51835 52587 53490 53503 53266 54533 55 764 55866 INDUSTRIAL AND COMMERCIAL FAILURES @ Failures, total number .. 31,334 Commercial service do .... 8,627 Construction do 5247 Manufacturing and mining do.... 4,433 Retail trade do... 11 429 Wholesale trade do .... 3,598 Liabilities (current), total thous. $.. (2) Commercial service do .... 3,038,790 Construction do.... 1,548,554 Manufacturing and mining do.... 6,371,932 Retail trade do.... 2 329 134 Wholesale trade. .. . do 2 784 450 Failure annual rate (seasonally adjusted) No. per 10,000 concerns .. 109.7 COMMODITY PRICES PRICES RECEIVED AND PAID BY FARMERS t Prices received, all farm products 1910-14=100.. 614 649 653 631 629 623 618 619 617 611 598 590 585 575 '554 547 Crops # do 551 598 619 585 593 557 541 546 540 548 541 536 528 524 r493 486 Commercial vegetables do 648 670 696 637 681 529 572 639 681 763 610 561 500 635 r604 576 Cotton . do 531 553 569 545 545 522 471 440 413 460 472 462 485 490 '473 459 Feed grains and hay do 452 460 461 434 409 398 403 410 408 410 418 420 409 394 r373 354 Food grains . do 407 394 391 390 390 392 385 385 383 385 390 375 354 337 r334 334 Fruit . . do 451 730 906 900 1 062 890 753 729 697 646 636 668 686 681 r642 688 Tobacco .... . do 1 505 1 484 1 459 1 521 1 503 1 550 1 550 1 574 1 540 1 549 1 530 1 529 1 529 1 529 1436 1,529 Livestock and products # do.... 679 701 688 679 666 690 697 696 697 677 656 645 643 627 '617 610 Dairy products . do 830 823 807 832 856 875 856 856 838 813 789 764 740 740 740 746 Meat animals do .... 831 854 856 826 799 822 852 856 871 837 815 806 801 770 '748 715 Poultry and eggs • do 270 307 274 277 265 290 277 266 258 265 251 245 261 261 267 290 Prices paid: Production items . . do 883 896 894 889 883 884 882 892 891 888 886 883 877 870 '866 854 All commodities and services, interest, taxes, and wage rates (parity index) 1910-14 = 100.. 1,104 1,127 1,128 1,126 1,123 1,125 1,123 1,130 1,130 1,130 1,133 1,133 1,129 1,124 1,122 1,114 Parity ratio § do.... 56 58 58 56 56 55 55 55 55 54 53 52 52 51 '49 49 CONSUMER PRICES (U.S. Department of Labor Indexes) Not Seasonally Adjusted ALL ITEMS, WAGE EARNERS AND CLERICAL WORKERS, REVISED (CPI-W) 0 1967 = 100 .. 297.4 307.6 310.3 312.1 312.2 311.9 312.2 5312.6 313.9 315.3 316.7 317.8 318.7 319.1 319.6 320.5 ALL ITEMS, ALL URBAN CONSUMERS ' (CPI-U) 0 • 1967-100 2984 311 1 3130 3145 3153 3153 315 5 3161 3174 3188 320 1 321 3 3223 3228 3235 3245 Special group indexes: All items less shelter do.... 283.5 295.1 296.7 298.1 298.7 298.6 298.6 298.9 300.0 301.5 302.8 303.4 304.3 304.4 304.6 305.7 All items less food <) . do 2983 3113 3132 3152 3161 3162 3162 3163 317 4 3191 3208 3224 3236 3242 3250 3262 All items less medical care <} do.... 295.1 307.3 309.2 310.7 311.4 311.3 311.5 311.9 313.1 314.5 315.8 317.0 317.9 318.4 318.9 319.9 See footnotes at end of tables. S-6 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,,., unils methodological notes are as shown in Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. COMMODITY PRICES—Continued CONSUMER PRICES—Continued (U.S. Department of Labor Indexes)— Continued Not Seasonally Adjusted All items (CPI-U)— Continued Commodities <£> . . . 1967 — 100 2715 2807 2814 2823 283 1 2830 2828 2827 2840 2853 2868 2870 2869 286.5 286.5 287.1 Nondurables ... do 2790 2866 287 1 2880 2888 2885 2883 2880 2892 2910 2927 2933 2937 293.5 293.7 294.6 Nondurables less food do.... 266.3 270.8 270.0 272.3 273.6 273.3 272.2 269.7 270.2 273.2 276.5 278.0 278.4 277.9 278.1 279.6 Durables 0 do 2530 2665 2678 2687 2693 2700 2698 2702 2714 271.9 2726 271.6 270.4 269.3 268.6 268.7 Commodities less food <> do.... 259.0 267.0 267.1 268.8 269.8 269.9 269.2 267.8 268.6 270.6 272.8 273.4 273.1 272.4 272.3 273.1 Services Q do 3449 3630 3665 3689 3697 3699 3706 372 1 3735 3750 3762 3789 3813 383.3 384.9 386.5 Food # do 2917 3029 3048 3042 3044 304 1 3051 3073 3095 3097 3096 3089 3093 309.5 309.7 309.9 Food at home ... do 2822 2926 2944 2934 2934 2924 2932 2961 2986 2984 2977 2962 2960 296.2 295.9 295.6 Housing () . do 323 1 3365 3395 3414 341 2 3409 3412 3420 3436 3447 3459 3485 3504 351.6 352.9 353.8 Shelter #<} . ... do 3448 3617 3646 3665 3678 3689 3701 3712 3733 374.3 3759 379.5 381.0 383.2 385.9 386.9 Rent, residential do 236.9 2493 2511 2524 253.8 2548 2561 257.1 258.4 259.2 2604 262.6 263.6 265.0 266.6 267.7 Homeowners' cost * Dec. 1982—100.. 102.5 1073 108.1 108.7 109.1 109.4 109.8 110.0 110.7 110.8 111.3 112.4 112.8 113.5 114.3 114.6 Fuel and utilities # 1967-100 3703 3873 3955 3970 3924 3875 3860 3872 3865 3882 3887 3930 3994 3999 3989 400.5 Fuel oil, coal, and bottled gas do 628.0 6418 625.5 6221 626.8 626.9 625.9 621.6 623.4 620.8 623.5 620.8 612.0 601.9 594.6 601.7 Gas (piped) and electricity do 4287 4452 4639 4664 4560 4447 4422 444 1 4433 4455 4459 4547 4656 467.1 465.1 466.5 Household furnishings and op- eration Q do 238.5 2425 2422 244 1 244.3 2442 244.2 2442 246.2 246.9 247.9 247.6 247.1 246.5 247.0 247.1 Apparel and upkeep do 196.5 2002 2001 2042 205.7 2052 203.2 199.8 201.8 205.3 205.9 205.3 204.6 202.8 205.3 209.6 Transportation do .... 298.4 3117 312.9 313.7 315.5 316.1 315.8 314.7 314.3 316.7 320.0 321.4 321.8 321.8 320.7 319.7 Private do 2939 3066 3075 3084 3102 3108 3104 3091 3087 3110 3146 3160 3163 316.1 314.9 313.6 New cars do 2026 2085 2081 2082 2096 2114 2120 2131 2139 214.1 214 1 214.5 214.7 214.7 214.6 214.5 Used cars . ... do 329.7 3757 3838 3842 384.6 383.6 3827 382.8 384.6 386.1 386.4 384.2 380.3 376.7 374.0 374.3 Public do 3626 3852 3908 3895 391 1 3918 3928 3945 3944 3973 3980 3984 3993 4024 4037 4080 Medical care do 3573 3795 3819 383 1 3855 3875 3885 391 1 3938 3965 3980 399.5 4017 404.0 406.6 408.3 Seasonally Adjusted t All items, percent change from previous month Q .4 .4 .3 .2 .3 .2 .3 .5 .4 .2 .2 .2 .2 .2 Commodities <> 1967 = 100 .. 280.7 281.5 282.2 282.5 283.1 283.6 284.4 285.9 286.9 286.6 286.4 286.0 285.9 286.5 Commodities less food Q . do 2669 2679 268.4 268.7 2689 2690 2694 271.7 273.4 273.1 272.8 272.1 271.8 272.1 Food do 3042 3044 305.4 305.9 3072 307.7 309.3 309.2 308.7 308.3 308.5 308.8 308.9 309.9 Food at home do.., 293.4 293.3 294.4 294.7 295.8 296.6 298.3 297.8 296.7 295.4 294.8 295.1 294.7 295.5 Apparel and upkeep do.. . 200.5 201.5 203.0 202.7 202.4 202.4 204.3 205.3 205.4 205.2 205.8 205.3 205.9 207.0 Transportation do..., 311.8 312.8 313.9 314.5 315.0 315.8 315.6 319.7 322.3 321.6 321.2 320.7 319.5 318.8 Private do 3063 3074 3085 309 1 3096 3104 3102 3143 3170 3163 3158 315.0 313.7 3127 New cars . do 209 1 2102 210.8 2106 2109 2116 2133 214.3 214.3 213.9 214.5 214.9 215.7 216.4 Services Q ... do 3662 3679 3691 3702 3714 3723 3738 375.4 3768 379.1 381.0 382.8 384.5 385.2 PRODUCER PRICES § (U.S. Department of Labor Indexes) Not Seasonally Adjusted All commodities 1967 — 100 303 1 3103 3107 3093 3094 3103 3098 3095 309 1 3086 3093 r3098 309.1 309.0 307.2 305.8 By stage of processing: Crude materials for further processing do 3236 3308 3289 3262 3196 3232 3224 3189 3181 3123 3110 r309.1 305.5 303.7 295.5 292.4 Intermediate materials, sup- plies, etc do.... 312.3 3200 321.1 3203 320.1 320.4 3199 319.5 318.7 318.6 319.3 319.9 319.3 318.6 317.8 317.9 Finished goods # do.... 285.2 291.1 291.3 289.5 291.5 292.3 292.0 292.1 292.6 292.1 293.1 r294.1 293.9 294.8 293.5 290.2 Finished consumer goods do.... 284.6 290.3 290.4 288.7 290.3 291.2 290.9 290.6 290.7 290.1 291.2 r292.4 292.0 293.2 291.5 288.5 Capital equipment ... do 2872 2940 2946 2925 2959 2965 2956 2974 2992 299.3 299.9 r300.3 300.7 300.8 300.9 296.4 By durability of product: Durable goods do 2867 2936 2939 2927 2944 2949 2948 2956 2964 2963 297 1 r2976 297.9 297.7 297.7 295.3 Nondurable goods . . do 3157 3233 3237 3223 3209 322 1 321 3 320 1 3190 317.7 318.4 r318.9 317.4 317.3 314.1 313.4 Total manufactures do.... 295.7 302.9 303.3 302.2 303.2 303.9 303.5 303.7 303.4 303.3 304.2 r305.2 304.8 304.6 303.7 302.3 Durable manufactures do 2873 2939 2945 2932 2951 2956 2955 2962 2970 2969 2976 r2984 298.8 298.6 298.5 296.1 Nondurable manufactures do.... 304.4 312.3 312.6 311.7 311.6 312.5 311.7 311.4 309.9 309.9 310.8 r312.1 310.9 310.7 308.9 308.7 Farm products, processed foods and feeds .. . do 2539 2624 2614 2594 2553 258 1 2586 2576 2580 2546 253 1 r2502 249.1 250.0 244.4 241.4 Farm products .... do 2482 2558 2533 2498 2402 2457 2457 2432 2453 238.8 236.8 230.4 2294 229.2 218.0 212.9 Foods and feeds, processed do.... 255.9 265.0 264.8 263.6 262.6 263.8 264.5 264.4 263.9 262.3 260.9 r260.0 258.8 260.3 257.9 256.0 Industrial commodities do... 315.7 3226 3233 3222 323.4 323.8 323.0 322.9 322.2 322.5 323.8 325.3 324.7 324.3 323.6 322.5 Chemicals and allied products do.... 293.0 300.8 301.1 300.9 301.3 301.6 300.7 301.6 302.2 302.6 303.3 303.2 303.4 303.7 303.7 303.3 Fuels and related prod., and power do 6647 6568 6579 6523 654 4 655 3 6485 6368 6253 6253 6339 r6473 6396 634.5 628.2 631.2 Furniture and household durables do.... 214.0 218.7 219.2 219.0 219.2 220.0 220.1 220.3 220.8 221.1 221.7 r221.7 221.5 221.7 221.8 222.3 Hides, skins, and leather products do.... 271.1 286.3 288.7 288.7 287.7 283.8 283.6 283.7 283.7 282.4 284.7 r284.2 285.2 284.5 286.0 287.0 Lumber and wood products .. . do 307 1 3074 3047 3033 3003 3010 3030 3044 3034 303.1 3015 r306.8 313.8 310.5 305.8 300.5 Machinery and equipment do.. 286.4 293 1 2941 2943 294.8 295.3 295.6 297.0 297.6 297.8 298.1 r298.4 299.1 299.1 299.4 299.9 Metals and metal products ... do 3072 316 1 3162 3156 3160 3164 3155 3150 3156 3154 3168 r316.4 315.1 314.6 314.9 314.5 Nonmetallic mineral products do.... 325.2 337.3 340.8 340.5 340.0 339.6 340.1 341.7 342.6 343.9 345.5 r348.1 348.5 348.7 349.7 349.8 Pulp, paper, and allied products do.... 298.1 318.5 321.3 322.0 323.1 324.1 324.1 327.1 327.6 327.7 327.6 r327.3 327.0 327.2 326.5 326.9 Rubber and plastics products do... 243.2 2468 247.7 2483 246.6 246.1 245.9 246.7 246.4 246.5 246.6 r246.4 246.1 246.3 244.6 244.5 Textile products and apparel do... 205.1 210.0 210.1 210.7 210.4 210.2 210.0 210.3 210.6 210.5 210.7 '210.5 210.2 210.2 210.3 210.6 Transportation equip. # Dec. 1968 = 100. 256.7 262.6 262.3 257.8 265.0 265.7 265.0 266.8 268.1 267.7 268.2 '269.1 269.4 270.0 270.1 260.1 Motor vehicles and equip 1967 — 100 2568 261 5 261 1 2552 2638 2643 2635 2652 2667 266.2 2662 r267.3 267.7 267.6 267.7 254.7 Seasonally Adjusted t Finished goods, percent change from previous month o 3 o o -.6 By stage of processing: Crude materials for further proc- essing 1967 = 100. 327.4 327.6 324.5 329.1 328.5 321.7 316.0 311.0 307.4 r304.3 303.3 301.6 294.4 293.4 Intermediate materials, supplies, etc do... 3203 3200 320.4 320.9 320.7 320.4 319.0 318.5 319.1 320.0 318.8 317.8 317.3 317.4 Finished goods # do.. 291.2 291.2 291.0 292.0 292.0 291.9 292.1 292.4 293.6 r294.1 293.5 294.4 293.5 291.8 Finished consumer goods do 290 1 2899 2899 2909 291 2 2906 2903 2905 2919 r2924 2914 292.6 291.3 289.7 Foods . . do 2738 2734 2730 2745 2756 2743 2746 2735 2710 r2679 267.7 271. 269.2 266.7 Finished goods, exc. foods do 2935 2934 2935 294.3 2942 2940 2934 294.2 297.5 r299.8 298.4 298.4 297.5 296.3 Durable do... 237.2 238.2 236.6 237.6 237.5 238.8 239.9 240.9 240.9 r241.6 242.4 242.2 242.0 239.7 Nondurable do 3359 3349 3365 3372 3370 3356 3334 334 1 340 1 r3438 3406 3407 339 338.9 Capital equipment do 2953 2958 2951 2959 2950 2963 2986 299.5 2996 r3003 3009 300. 301. 299.8 PURCHASING POWER OF THE DOLLAR As measured by: Producer prices 1967 — $! 00 351 343 343 345 343 342 342 342 342 342 341 340 340 .33 34 345 Consumer prices A . do 335 321 319 318 .317 317 317 .316 .315 .314 312 .311 .310 .31 .30 .308 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-7 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,. . ljnits methodological notes are as shown in Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. CONSTRUCTION AND REAL ESTATE CONSTRUCTION PUT IN PLACE <> New construction (unadjusted), total mil. $.. 268,732 312,988 30,099 29,798 29,270 27,493 24,243 23,107 22,273 24,493 r26,714 '28,936 r31,605 r31,035 32,343 Private, total # do 218 017 257 801 24 231 23 862 23 741 22 565 20 323 19 549 18 961 20 728 r22 375 r23 664 r25 565 r24 618 25605 Residential do 121 308 145 059 13997 13 715 13 006 11976 10 167 10 195 9 605 10 865 rll 533 12 332 14 279 13311 13964 New housing units do 95682 114620 11058 10833 10559 9933 8 427 7749 7 307 8381 8828 9552 10202 10 569 10901 Nonresidential buildings, except farm and public utilities, total # mil $ 60309 74 147 6684 6887 7096 6950 6605 6351 6265 6529 7328 7523 7428 r7471 7,835 Industrial . do 12861 13 745 1 257 1 305 1 322 1 255 1 201 1 111 1 131 1 145 1 352 1 368 1314 1345 1 391 Commercial do 35793 48 107 4381 4523 4 ggg 4 653 4 399 4 317 4 246 4 506 4957 5084 5026 r5071 5308 Public utilities: Telephone and telegraph .do 6471 7 174 706 626 712 662 601 511 521 605 618 651 654 638 Public, total # do 50 715 55 187 5 868 5936 5 529 4 928 3 919 3 558 3 312 3 765 r4 339 r5 272 r6 040 r6 416 6738 Buildings (excl military) # do 17276 17 883 1 687 1 683 1 574 1 556 1 433 1 428 1 313 1 394 1 572 1 641 1878 1921 2012 Housing and redevelopment do 1700 1 636 156 157 138 145 144 141 122 117 131 122 137 121 120 Industrial do 1809 1828 167 192 138 145 151 164 149 161 157 182 194 153 193 Military facilities do.... 2,544 2,839 249 346 216 292 233 221 201 274 r250 r288 r266 r277 262 Highways and streets do 14 142 16294 2 101 1 972 1964 1 540 919 728 686 809 1 192 1 860 2224 r2344 2514 New construction (seasonally adjusted at annual rates) total bil $ 321 2 321 0 318 2 313 1 310 1 341 0 334 3 333 7 r341 9 r3399 r3438 r3402 3440 Private, total # do 2654 2643 2620 257 5 254 5 2837 276 5 274 6 r2820 r276 4 r2789 r2756 2795 Residential . . do 1498 149 4 144 0 137 9 134 3 155 3 1460 146 2 146 5 1423 1472 144 5 1472 New housing units do 1170 1163 1159 1135 111 9 1130 110 3 1108 1126 1120 1122 113 1 1147 Nonresidential buildings, except farm and public utilities, total # bil. $ .. 749 775 783 790 81 1 856 868 852 91 2 r894 r862 r861 87.7 Industrial . do 14 0 147 143 14 6 144 15 2 15 8 14 6 173 164 152 15 4 154 Commercial do 49 1 508 521 525 54 5 585 589 594 61 2 r601 r583 r58 1 595 Public utilities: Telephone and telegraph do 76 7 4 7 5 7 4 76 7 4 7 5 76 rll 7 5 r76 74 Public, total # do 559 566 562 556 555 574 578 59 1 r599 r635 r649 r647 644 Buildings (excl. military) # do 18 1 180 180 180 180 188 188 188 196 199 r212 r213 213 Housing and redevelopment do.... 17 1 7 1 6 17 17 18 1 7 14 16 1 5 1.6 1 5 1.3 Industrial do 20 1 8 1 8 19 20 20 20 20 1 9 21 21 18 23 Military facilities do 29 36 29 3 1 30 30 30 3 1 r32 r33 r34 r32 30 Highways and streets do 166 165 162 169 169 178 184 192 199 r223 r21 1 197 203 CONSTRUCTION CONTRACTS Construction contracts in 50 States (F.W. Dodge Division, McGraw-Hill): Valuation, total mil. $.. 193,603 209,861 19,367 16,755 18,388 16,930 13,950 14,810 13,343 19,025 19,917 21,832 18,718 21,923 20,687 Index (mo data seas adj ) 1977 — 100 '137 ;149 148 146 145 151 150 150 145 162 161 162 142 164 163 Public ownership mil $ 45338 49 H6 4 421 4 122 4 618 3 895 3 488 3755 3453 4 330 4881 5 536 4693 5134 5000 Private ownership do 148 264 160 744 14 946 12 633 13 771 13 035 10 463 11 055 9 890 14 645 15036 16*296 14024 16789 15687 By type of building: Nonresidential do 62284 73226 6788 5750 7402 6401 5583 5528 4774 6443 6676 7351 6070 7577 7,236 Residential do 93567 100 763 9 162 8 090 8 340 7 614 5 774 6 354 5 881 9 374 9 443 10331 8819 10608 9625 Non-building construction do 37?752 35 873 3416 2914 2 646 2 915 2 594 2 928 2 689 3208 3797 4 150 3828 3738 3826 New construction planning (Engineering News-Record) § .do 162 576 193 603 15079 12739 16 168 26851 21 670 17612 16730 15081 14013 16011 12870 13229 18894 HOUSING STARTS AND PERMITS New housing units started: Unadjusted: Total (private and public) thous 17125 17558 147 8 149 6 1527 126 5 99 0 105 4 95 8 1452 176 0 1705 1634 1610 1616 Privately owned do 17030 1 749 5 147 4 148 5 152 3 126 2 98 9 1054 95 4 145 0 1758 1702 1632 1607 161 2 144.8 One-family structures do.... 1,067.6 1,084.2 91.9 90.5 91.9 80.0 62.8 59.3 63.4 92.6 108.7 107.5 101.7 105.6 101.0 88.6 Seasonally adjusted at annual rates: t Total privately owned do 1 590 1 669 1 564 1 600 1 630 1 849 1 647 1 889 1933 1681 1701 1663 1746 1583 One-family structures do 962 1 009 979 1 043 1 112 1 060 1 135 1 168 1 155 1039 1031 1062 1074 962 New private housing units authorized by building permits (17,000 permit-issuing places): $ Monthly data are seas. adj. at annual rates: Total thous 31 605 1 682 1 542 1 517 1 477 1 616 1 599 1 635 1 624 1 741 1 704 1 778 1712 1 694 1784 1796 One-family structures do 3 902 922 853 866 827 846 843 903 927 993 948 933 961 967 r990 941 Manufacturers' shipments of mobile homes @ Unadjusted thous 295 7 295 2 30 0 24 3 27 7 21 8 16 6 18 6 19 7 24 0 26 2 28 0 25 1 24 3 277 Seasonally adjusted at annual rates do 302 282 302 291 282 273 276 283 287 287 270 286 290 CONSTRUCTION COST INDEXES Dept. of Commerce composite 1977 — 100 1573 1637 1650 1645 1650 1654 1659 1662 1662 1662 1674 168 1 1693 1687 168.2 American Appraisal Co., The: Average, 30 cities 1913-100 Atlanta do... New York do San Francisco do ... St. Louis do... Boeckh indexes: Average, 20 cities: Apartments, hotels, office buildings 1977 — 100 1596 1668 168 1 1683 168 5 1687 1689 1696 Commercial and factory buildings. . . do 1599 1662 167 5 1676 1678 1679 1683 1693 Residences do 1562 165 1 167 5 167 8 168 3 168 6 169 2 170 4 Engineering News-Record: Building 1967 — 100 3529 357 9 359 3 359 7 3587 358 3 357 9 358 3 3590 359 4 359 2 360 1 3609 3636 3622 2361 2 Construction do 3786 3862 388 1 3887 3874 387 1 3883 3884 3888 3892 389 1 391 1 391 1 3928 3919 2 390 4 Federal Highway Adm. — Highway construction: Composite (avg. for year or qtr.) 1977 — 100 1465 1550 1544 1660 168 1 1739 175.3 See footnotes at end of tables. S-8 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and .. . methodological notes are as shown in uniis BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. CONSTRUCTION AND REAL ESTATE-Continued REAL ESTATE 0 Mortgage applications for new home construction: FHA applications thous units 2 176.1 115.6 7.8 7.4 9.7 9.8 9.2 11.1 11.5 12.9 15.8 15.2 16.6 17.6 17.1 Seasonally adjusted annual rates do (2) 84 92 115 134 137 145 156 146 169 162 207 201 186 Requests for VA appraisals do 262.8 198.7 15.2 13.8 16.7 14.5 13.3 17.1 16.4 20.9 17.9 19.6 18.6 18.2 21.4 Seasonally adjusted annual rates do 164 188 185 193 213 222 207 227 189 214 223 198 236 Home mortgages insured or guaranteed by: Fed. Hous. Adm.: Face amount mil $ . 26,571.82 14,524.93 1,220.14 997.56 824.38 595.22 837.22 1,497.47 753.79 1,910.57 2,406.29 1,432.77 2,572.88 801.85 1,957.07 3,317.63 Vet. Adm.: Face amount § do.... 17,896.60 12,728.42 997.60 775.49 861.28 667.57 846.71 723.44 866.69 826.25 943.72 867.87 961.45 1,104.49 1,275.00 1,318.29 Federal Home Loan Banks, outstanding advances to member institutions, end of period.. mil $ 58,953 74,621 70,523 73,005 73,201 73,509 74,621 73,361 74,489 74,691 76,277 77,787 79,629 81,607 84,218 85,745 New mortgage loans of all savings and loan associations, estimated total mil $ 135,290 157,021 14,363 11,428 11,214 11,035 12,806 9,351 9,350 12,415 13,455 14,663 14,913 r!4,616 16,040 By purpose of loan: Home construction do . 26,096 25,542 2,339 1,892 1,833 1,619 1,825 1,468 1,539 2,034 2,142 2,304 2,154 '2,214 2,664 Home purchase do 53,982 4 90,466 8,669 6,425 6,543 6,112 6,445 5,007 4,992 6,930 8,135 9,016 8,769 " 9,021 10,598 All other purposes do.... 55,212 '41,014 3,356 3,110 2,838 3,304 4,536 2,876 2,819 3,451 3,178 3,342 3,991 r4 3,381 2,778 DOMESTIC TRADE ADVERTISING Magazine advertising (Leading National Advertisers): Cost total mil $ 4,005.7 4,668.0 303.1 404.5 504.7 503.7 437.8 283.7 374.2 416.9 468.1 436.7 Apparel and accessories do 3 206.2 240.0 24.7 35.6 24.8 22.2 19.8 7.9 20.2 28.1 24.7 17.5 Automotive, incl. accessories do.... 3 410.4 473.5 23.9 21.4 43.3 56.0 47.0 38.0 42.3 55.6 59.3 50.6 Building materials do 3 53.5 68.7 3.0 8.3 6.5 5.7 2.6 2.7 4.2 5.2 5.7 11.5 Drugs and toiletries do 3 385.7 463.6 36.9 45.8 46.0 39.6 37.7 24.4 35.6 43.1 52.1 54.6 Foods, soft drinks, confection- ery do 3 292.3 334.9 20.3 26.8 38.7 40.7 31.3 18.4 33.2 32.7 35.7 29.8 Beer wine, liquors do 3 230.2 242.1 12.6 14.8 22.3 28.1 48.8 8.5 14.1 19.1 22.2 19.2 Houshold equip., supplies, fur- nishings do 3171.1 191.6 9.5 14.8 24.8 22.8 17.5 7.4 10.5 13.8 20.8 23.4 Industrial materials do 342.5 48.0 2.7 4.9 5.6 5.1 4.6 2.4 2.1 3.5 4.2 4.5 Soaps cleansers etc do 3 25.1 34.6 2.6 4.4 4.0 3.9 2.5 2.9 4.5 4.9 4.3 4.2 Smoking materials do 3403.4 422.6 33.2 33.0 42.5 38.1 37.9 31.4 27.0 27.1 29.1 26.8 All other do 3 1,784.7 2,148.5 132.9 193.7 246.3 241.0 198.2 139.7 180.8 184.1 209.8 196.0 Newspaper advertising expenditures (Newspaper Advertising Bureau, Inc.): Total * mil $ 20,582 23,523 1,903 2,004 2,148 2,242 2,110 1,808 1,773 2,174 2,046 2,197 2,159 Classified do 6,006 7,657 665 697 692 636 552 620 622 766 735 735 761 National do 2,734 3,081 226 260 312 322 246 276 230 261 260 284 288 Retail do 11,841 12,784 1,012 1,046 1,145 1,284 1,312 911 921 1,147 1,051 1,177 1,110 WHOLESALE TRADE t Merchant wholesalers sales (unadj.), total . . mil $ 1,205,370 1,368,851 117,273 109,640 120,843 116,315 111,747 111,786 103,995 116,563 117,984 124,467 111,524 114,118 116,346 Durable goods establishments do.... 516,964 613,382 54,256 50,591 56,078 52,226 48,901 49,217 45,888 52,940 53,508 56,119 51,538 '51,830 54,350 Nondurable goods establishments do .... 688,406 755,469 63,017 59,049 64,765 64,089 62,846 62,569 58,107 63,623 64,476 68,348 59,986 '62,288 61,996 Merchant wholesalers inventories, book value, end of period (unadj ) total mil $ 121,582 133,281 127,188 129,996 132,155 134,248 133,281 132,916 134,228 134,981 134,881 133,012 134,069 r!33,447 133,042 Durable goods establishments .. do 77,099 86,090 84,076 85,731 85,378 85,610 86,090 85,213 86,713 87,171 87,713 87,140 87,968 '87,550 87,294 Nondurable goods establishments do.... 44,483 47,191 43,112 44,265 46,777 48,638 47,191 47,703 147,515 47,810 47,168 45,872 46,101 '45,897 45,748 RETAIL TRADE t All retail stores: Estimated sales (unadj.), total mil $ 1,174,298 1,297,015 111,159 104,025 109,550 113,543 132,262 98,817 95,585 110,167 113,107 120,337 114,962 r 115,490 '121,189 1 114,826 Durable goods stores # do 396,493 464,287 40,119 36,668 39,962 39,313 42,373 35,375 35,195 41,180 43,450 46,771 44,236 r44,646 '45,813 '45,374 Building materials, hardware, garden 1 supply, and mobile home dealers mil. $.. 59,669 68,703 6,420 6,026 6,160 5,744 5,311 4,452 4,162 5,234 6,372 7,014 6,740 '6,879 '6,816 6,530 Automotive dealers do 232,750 277,008 23,902 21,097 23,757 22,378 20,895 21,790 22,329 26,334 27,495 29,481 27,447 '27,835 '28,400 1 28,834 Furniture, home furnishings, and equipment . do 54,689 63,581 5,381 5,303 5,548 6,006 7,534 5,132 4,875 5,429 5,271 5,649 5,562 '5,641 '5,918 1 5,539 Nondurable goods stores do.... 777,805 832,728 71,040 67,357 69,588 74,230 89,889 63,442 160,390 68,987 69,657 73,566 70,726 '70,844 '75,376 '69,452 General merch. group stores do.... 139,386 153,642 12,525 11,902 12,636 16,109 24,381 9,134 9,315 11,876 12,398 13,309 12,412 '11,549 '13,608 '1 1,993 Food stores do 254,878 269,959 23,480 22,223 22,450 22,760 24,425 22,279 20,799 23,090 22,683 24,307 23,542 '24,085 '24,815 '22,792 Gasoline service stations do.... 98,862 100,997 8,771 8,331 8,568 8,339 8,249 7,990 7,202 8,103 8,512 8,966 8,947 '9,248 '9,262 '8,753 Apparel and accessory stores do.... 60,304 66,891 5,605 5,394 5,514 6,413 9,519 4,449 4,260 5,548 5,780 5,883 5,465 '5,239 '6,294 '5,595 Eating and drinking places do.... 114,684 124,109 11,502 10,537 10,425 10,088 10,557 9,495 9,268 10,749 10,781 11,498 11,462 '11,620 '11,895 '11,074 Drug and proprietary stores do.... 40,050 44,165 3,640 3,468 3,642 3,763 5,107 3,703 3,584 3,790 3,811 3,914 3,782 '3,834 '3,996 1 3,776 Liquor stores . . do 19,014 19,494 1,695 1,561 1,588 1,646 2,306 1,471 1,342 1,487 1,500 1,578 1,582 '1,652 1,685 Estimated sales (seas, adj.), total do. , 107,396 108,373 108,974 110,255 110,519 110,972 112,096 111,854 115,351 114,884 113,730 '114,417 '117,040 ' 120,227 Durable goods stores # do 38,071 38,301 39,281 39,934 40,295 40,622 41,073 40,765 42,932 42,789 42,064 '42,431 '44,270 '47,003 Bldg. materials, hardware, garden sup- ply, and mobile home dealers # mil $ 5,741 5,738 5,674 5,889 5,969 5,774 5,618 5,862 6,263 5,953 5,852 '6,080 '6,107 '6,184 Building materials and supply stores do 4,120 4,156 4,123 4,299 4,403 4,180 4,094 4,343 4,607 4,411 4,283 '4,403 4,494 Hardware stores do.., 820 815 788 798 791 836 807 818 861 818 817 '831 853 Automotive dealers do 22,503 22,507 23,380 23,692 23,858 24,621 24,949 24,492 26,226 26,130 25,820 '25,873 '27,570 '30,204 Motor vehicle and miscellaneous auto dealers do 20,479 20,489 21,352 21,730 21,846 22,598 22,945 22,417 24,076 24,011 23,744 '23,800 '25,465 '28,103 Auto and home supply stores ...... do 2,024 2,018 2,028 1,962 2,012 2,023 2,004 2,075 2,150 2,119 2,076 '2,073 2,105 Furniture, home furnishings, and equipment # do.... 5,279 5,485 5,513 5,600 5,629 5,547 5,708 5,674 5,614 5,931 5,718 '5,704 '5,739 '5,818 Furniture, home furnish- ings stores do 2,938 2,992 3,001 3,021 3,011 2,891 3,049 3,011 2,956 3,135 3,038 '3,097 3,078 Household appliance, radio, and TV stores do 1,986 2,134 2,141 2,200 2,243 2,254 2,251 2,242 2,247 2,365 2,260 '2,187 2,240 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-9 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,. . methodological notes are as shown in units Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. DOMESTIC TRADE—Continued RETAIL TRADE ^—Continued All retail stores — Continued Estimated sales (seas, adj.) — Continued Nondurable goods stores mil. $. 69325 70072 69693 70321 70224 70350 71,023 71,089 72419 72,095 71,666 r72,076 r72,770 1 73,224 General merch. group stores do 12711 12994 12853 13168 13 197 12893 13419 13303 13514 13269 13063 13 131 13,589 1 13,335 Department stores .. do 10700 10953 10830 11 084 11 125 10781 11266 11 117 11349 11 127 10962 11 077 11,411 1 11,179 Variety stores do 732 762 744 795 755 737 772 763 760 754 741 r724 752 Food stores do 22585 22836 22802 22843 22607 23076 23067 22980 23476 23284 23355 r23 485 r23,419 1 23,999 Grocery stores .do 21 174 21411 21366 21364 21 186 21*720 21680 21 514 22018 21820 21 966 r22,109 r21,971 1 22,593 Gasoline service stations do. 8220 8375 8372 8299 8349 8 110 8441 8784 8,747 8628 r8,627 r8,697 1 8,736 Apparel and accessory stores # do ... 5448 5611 5551 5737 5772 5490 5791 5963 5949 5945 5915 r5,859 r5,982 1 6,016 Men's and boys' clothing and furnishings stores do 670 684 693 741 716 696 699 711 729 706 688 r675 674 Women's clothing, specialty stores, and furriers... , . do 2259 2345 2322 2395 2400 2274 2423 2465 2464 2438 2464 r2505 2539 Shoe stores do 858 874 846 867 872 855 884 934 948 952 921 r889 925 Eating and drinking places . do 10591 10 474 10312 10530 10621 10515 10616 10771 10813 10971 10895 10 901 10,873 1 11 096 Drug and proprietary stores ... do 3684 3753 3759 3805 3831 3853 3904 3863 3893 3871 3907 r3961 r4,065 '4,065 Liquor stores do 1 654 1 631 1 644 1 628 1 619 1 636 1 575 1 601 1 625 1 596 1 592 1607 1 611 Estimated inventories, end of period: Book value (unadjusted) total mil $ 135 194 150 882 148 258 152 256 160 142 163 052 150 882 150 987 155 513 158 379 159 628 158 728 157 701 156 846 Durable goods stores # .. . . do 66115 73753 68375 69381 72476 74311 73753 75190 77 166 78343 78*822 78490 r78 262 75987 Bldg. materials, hardware, garden sup- ply, and mobile home dealers do 11 040 11769 12 115 12055 12 162 11945 11769 12 111 12387 12862 12983 13093 12 873 12873 Automotive dealers do 31510 35975 30563 30*997 32955 34631 35975 37231 38875 39008 39015 38564 r38 674 36453 Furniture, home furnishings, and equipment do.. 10846 12,158 11,836 11964 12,390 12702 12158 12061 12,104 12,495 12744 12842 12 928 12657 Nondurable goods stores # do 69 079 77 129 79883 82875 87666 88 741 77 129 75797 78 347 80036 80806 80238 r79 439 80859 General merch. group stores do 23629 28164 30781 32665 35231 35489 28 164 27238 28763 29979 30502 30092 29369 29927 Department stores do 18398 22243 24,114 25638 27,573 27993 22243 21489 22758 23,733 24 157 23,752 22961 23 163 Food stores . do 14 591 15710 14734 14896 15569 16089 15710 15492 15 526 15673 15790 15765 15 845 15733 Apparel and accessory stores do 12435 13 144 14,601 14968 15,604 15579 13 144 12883 13641 13,989 14039 13853 13666 14350 Book value (seas adj ) total do 139 123 155 517 149 508 150 334 152 130 153 070 155 517 157 770 159 163 158 732 160 184 158 867 158 508 158 602 Durable goods stores # do 66845 74582 70201 70801 71896 72839 74 582 76393 76 838 77 401 78*312 77001 r77 344 76497 Bldg. materials, hardware, garden sup- ply, and mobile home dealers do.. . 11464 12234 12,139 12214 12322 12189 12234 12537 12387 12,548 12544 12626 12 584 12886 Automotive dealers do 31,322 35,796 32,410 32871 33,662 34666 35796 37046 37816 37,982 38591 37224 37658 36636 Furniture, home furn., and equip do 11000 12331 11 777 11810 11 948 12167 12331 12434 12364 12608 12912 12933 12 889 12772 Nondurable goods stores # do 72278 80935 79,307 79533 80234 80231 80935 81 377 82325 81331 81 872 81866 r81 164 82105 General merch. group stores do.... 26,198 31,253 30,173 30492 30,738 30677 31253 31 120 31379 30,815 30802 30608 30082 30302 Department stores . do 20307 24578 23805 24 051 24 102 24008 24 578 24587 24 845 24342 24254 24 065 23 550 23612 Food stores do 14 404 15508 15096 15*046 15 189 15352 15 508 15 664 15699 15673 15838 15892 15 876 16038 Apparel and accessory stores .. do 13 103 13 880 14 231 14 028 14 096 14 086 13 880 14 087 14 435 14 159 14 253 14 311 14 206 14 598 Firms with 11 or more stores: Estimated sales (unadjusted), total. . .. mil $ 415 549 450 430 37 795 35971 37 335 42 155 54 890 32 650 31 534 37 240 37 434 40027 r37 997 37 399 Durable goods stores do 32795 37 697 3 154 3 024 3 124 3 558 4 876 2 506 2408 2945 3 170 3 538 r3 371 3 363 Auto and home supply stores do 4 4i(j 4 687 416 386 4?3 420 408 342 309 382 410 431 r417 423 Nondurable goods stores # . do 382 754 412 733 34641 32947 34211 38597 50 014 30 144 29126 34295 34264 36489 r34 626 34036 General merchandise group stores...... do 128 959 142 334 11 603 11 010 11 656 15014 22725 8395 8605 11 003 11 432 12316 11 488 10642 Food stores do 141 314 148 957 12782 12 134 12 298 12 694 13834 12 585 11 637 13010 12592 13574 12 943 13 127 Grocery stores do 139 385 146 983 12631 11 987 12 144 12 529 13 554 12 437 11 473 12843 12423 13418 12 787 12973 Apparel and accessory stores do 22,237 25354 2 168 2068 2067 2510 3890 1 548 1 547 2157 2239 2239 r2134 2,017 Eating places ... do 24 354 26999 2449 2 269 2 285 2 225 2 321 2 090 2006 2 398 2 307 2459 r2458 2497 Drug stores and proprietary stores.. . . do 21 582 24 387 1 993 1 912 1 970 2 117 3 135 1 993 1 938 2066 2042 2 150 r2074 2087 Estimated sales(sea. adj.), total* do , 37361 37945 37758 38358 38462 38313 38902 38824 39361 39200 r38,964 39,137 Auto and home supply stores . do 389 395 395 399 395 400 398 408 397 408 r398 389 Department stores .. do 10235 10 486 10346 10 592 10 638 10321 10788 10636 10863 10632 10 486 10581 Variety stores do 617 645 620 667 639 630 653 649 652 649 r626 615 Grocery stores ... . do 12251 12383 12 417 12 430 12 378 12704 12635 12616 12927 12865 12 890 12870 Apparel and accessory stores.. do 2035 2 147 2 103 2 185 2 213 2 172 2259 2 264 2 311 2285 r2312 2321 Women's clothing, specialty stores, and furriers... . do 877 944 920 957 952 957 986 984 1 007 986 1024 1054 Shoe stores do 419 425 425 433 436 428 440 427 445 449 r462 442 Drug stores and proprietary stores do . 2,046 2,090 2,100 2,132 2,138 2,127 2,168 2,148 2,092 2,133 r2,140 2,176 LABOR FORCE, EMPLOYMENT, AND EARNINGS LABOR FORCE AND POPULATION Not Seasonally Adjusted Noninstitutional population, persons 16 years of age and over * thous .. 175,891 178,080 178,295 178,483 178,661 178,834 179,004 179,081 179,219 179,368 179,501 179,649 179,798 179,967 180,131 180,304 Labor force @ do.... 113,226 115,241 116,788 115,563 115,955 115,814 115,726 115,172 115,295 116,095 116,027 116,595 118,274 119,240 118,405 117,582 Resident Armed Forces * do.... 1,676 1,697 1,712 1,720 1,705 1,699 1,698 1,697 1,703 1,701 1,702 1,705 1,702 1,704 1,726 1,732 Civilian noninstitutional population * do.... 174,215 176,383 176,583 176,763 176,956 177,135 177,306 177,384 177,516 177,667 177,799 177,944 178,096 178,263 178,405 178,572 Civilian labor force, total do.... 111,550 113,544 115,076 113,843 114,250 114,115 114,028 113,475 113,592 114,394 114,325 114,890 116,572 117,536 116,679 115,850 Employed do 100 834 105 005 106 694 105 792 106 262 106 246 106 049 104 344 104 690 105 768 106 175 106 880 107 819 108 854 108 628 107 867 Unemployed .. . do 10*717 8539 8382 8051 7*989 7869 7 978 9 131 8*902 8625 8 150 8011 8753 8682 8051 7984 Seasonally Adjusted <> Civilian labor force, total . do 113629 113764 114016 114 074 114 464 114875 115 084 115514 115371 115373 114783 115,314 115,299 115,818 Participation rate t percent.. 64.0 64.4 64.3 64 4 64.4 64.4 64.6 64.8 64.8 65.0 64.9 64.8 64.5 64.7 64.6 64.9 Employed, total thous .. 105,148 105,394 105,649 105,932 106,273 106,391 106,685 107,119 106,945 106,960 106,370 106,862 107,172 107,544 Employment-population ratio t percent... 57.9 59.5 59.5 59.6 59.7 59.8 59.9 60.0 60.1 60.3 60.1 60.1 59.7 59.9 60.1 60.2 Agriculture thous 3383 3321 3264 3319 3 169 3334 3385 3320 3340 3362 3428 3312 3138 3126 3,092 2976 Nonagriculture .do 97450 101 685 101 884 102075 102 480 102 598 102 888 103 071 103 345 103 757 103 517 103 648 103 232 103 737 104,080 104,568 Unemployed, total ..do 8481 8370 8367 8 142 8 191 8484 8399 8396 8426 8413 8413 8451 8,127 8,274 Long term, 15 weeks and over ...... do 4210 2737 2621 2605 2527 2428 2374 2243 2416 2400 2377 2247 2317 2348 2,264 2328 See footnotes at end of tables. S-10 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,, -t u methodological notes are as shown in Aug. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Sept. LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued LABOR FORCE— Continued Seasonally Adjusted <> Civilian labor force — Continued Unemployed — Continued Rates(unemployed in each group as percent of civilian labor force in the group): All civilian workers 96 75 75 74 73 71 7.2 7.4 7.3 7.3 7.3 7.3 7.3 7.3 7.0 7.1 Men, 20 years and over 8.9 6.6 6.4 6.4 6.2 6.2 6.3 6.3 6.3 6.2 6.3 6.1 6.5 6.3 6.0 6.0 Women, 20 years and over 8 1 68 70 66 69 65 64 68 67 67 68 6.9 6.7 6.6 6.7 6.8 Both sexes, 16-19 years 224 189 184 190 187 178 188 189 184 182 177 18.9 18.3 19.5 17.3 17.8 White 84 65 64 63 63 6 1 62 64 62 62 63 6.2 6.5 6.4 6.2 6.1 Black* 195 159 158 151 153 15 1 15.0 149 16.3 15.2 15.3 15.6 14.0 15.0 14.0 15.3 Hispanic origin * 13.7 10.6 10.7 10.6 11.0 10.3 10.4 10.6 9.7 10.2 10.3 10.7 10.6 11.2 10.3 10.4 Married men, spouse present 65 4.6 45 4.6 4.5 44 4.4 4.6 4.4 4.2 4.3 4.0 4.6 4.4 4.1 4.3 Married women, spouse present 7.0 5.7 5.8 5.7 5.7 5.4 5.4 5.7 5.4 5.9 5.9 5.8 5.9 5.7 5.4 5.7 Women who maintain families 122 104 103 10 1 104 108 96 100 110 102 108 10.9 9.8 10.2 11.1 11.6 Industry of last job: Private nonagricultural wage and salary workers . . 99 74 74 73 72 7 2 72 73 73 72 7.3 7.2 7.4 7.3 7.1 7.3 Construction 184 143 14 1 139 137 142 13.7 13.4 13.4 13.3 13.3 10.2 13.7 13.4 13.1 13.9 Manufacturing 112 7.5 74 7.4 7.3 7.2 7.2 7.6 7.5 7.7 8.0 7.8 7.7 8.0 7.8 7.8 Durable goods 12.1 7.2 6.9 6.9 6.9 7.0 7.1 7.2 7.1 7.4 7.8 7.8 8.0 8.0 7.9 7.8 Agricultural wage and salary workers * 160 135 131 147 137 112 12.2 15.5 13.6 12.2 13.1 11.5 12.1 14.3 14.3 14.0 Not Seasonally Adjusted Occupation: * Managerial and professional specialty 3.3 2.6 3.1 2.8 2.5 2.4 2.2 2.6 2.3 2.3 2.3 2.3 2.7 2.7 2.9 2.7 Technical, sales, and administrative support 63 50 50 50 48 46 46 53 51 49 46 5.0 5.0 4.9 4.8 4.9 Service occupations 109 91 93 89 91 88 8.5 9.0 8.9 8.8 8.6 8.9 9.1 8.5 8.2 8.8 Precision production, craft, and repair.... r!0.6 7.5 6.0 6.2 5.9 6.6 6.6 9.2 8.9 8.4 7.8 6.5 6.8 6.4 6.2 6.7 Operators, fabricators, and laborers 15.5 11.5 10.5 10.2 10.6 10.7 11.7 13.4 13.1 12.5 11.5 10.3 10.7 11.0 10.4 10.4 Farming, forestry, and fishing r9.9 8.5 5.8 7.4 7.9 8.4 11.8 13.4 12.8 10.7 8.2 6.0 6.6 6.3 6.2 6.7 EMPLOYMENT t Employees on payrolls of nonagricultural estab.: Total, not adjusted for seas, variation thous.. 90,196 94,461 94,808 95,745 96,278 96,645 96,719 95,034 95,271 96,045 96,909 97,787 98,377 r97,650 '97,924 "98,675 Private sector (excl. government) do.... 74,330 78,477 79,691 79,967 80,045 80,257 80,421 78,942 78,898 79,577 80,434 81,247 82,047 r82,069 '82,486 "82,625 Seasonally Adjusted t Total employees, nonagricultural payrolls do ... 90,196 94,461 94,893 95,238 95,573 95,882 96,092 96,419 96,591 96,910 97,120 97,421 97,473 r97,707 '97,987 "98,115 Private sector (excl. government) do..., 74,330 78,477 78,885 79,154 79,460 79,764 80,010 80,319 80,480 80,767 80,962 81,208 81,260 r81,366 '81,640 "81,758 Nonmanufacturing industries do .... 55,853 58,775 59,346 59,674 59,924 60,211 60,407 60,715 60,919 61,241 61,495 61,782 61,862 r62,015 '62,263 "62,492 Goods-producing do 23334 24730 24889 24851 24918 24955 25045 25,112 25062 25,056 25,090 25,066 25,010 r24,980 '25,026 "24,949 Mining do 952 974 984 985 979 978 973 974 976 977 982 982 974 r969 '964 "958 Construction ... do ... 3,948 4,345 4,366 4,386 4,403 4,424 4,469 4,534 4,525 4,553 4,641 4,658 4,638 r4,660 '4,685 "4,725 Manufacturing do.... 18,434 19,412 19,539 19,480 19,536 19,553 19,603 19,604 19,561 19,526 19,467 19,426 19,398 19,351 19,377 "19,266 Durable goods do 10732 11 522 11638 11 611 11 652 11 666 11701 11702 11 675 11651 11,608 11,586 11,560 r 11,509 11,533 "11,446 Lumber and wood products do.... 657 707 707 705 708 709 711 709 704 701 694 697 694 r697 '700 "702 Furniture and fixtures .... do 448 487 489 486 491 495 497 499 498 499 497 493 494 494 '498 "497 Stone, clay and glass products do ... 570 595 595 596 597 598 601 602 600 601 600 599 598 599 '600 "598 Primary metal industries do.... 832 858 863 852 851 848 844 844 840 832 823 819 815 '806 '799 "797 Fabricated metal products do.... 1,370 1,464 1,478 1,476 1,483 1,486 1,489 1,486 1,483 1,480 1,479 1,477 1,472 rl,467 1,467 "1,461 Machinery, except electrical do.... 2,033 2,197 2,232 2,225 2,233 2,232 2,232 2,228 2,224 2,220 2,207 2,203 2,191 r2,175 '2,170 "2,144 Electric and electronic equip do 2013 2208 2237 2241 2247 2 250 2253 2252 2248 2243 2223 2,216 2,205 r2,190 '2,193 "2,174 Transportation equipment do.... 1,747 1,906 1,934 1,927 1,935 1,940 1,965 1,974 1,972 1,969 1,982 1,981 1,990 rl,985 '2,007 "1,979 Instruments and related products do 692 714 717 718 720 722 723 723 725 727 726 723 725 r724 725 "722 Miscellaneous manufacturing do .... 371 384 386 385 387 386 386 385 381 379 377 378 376 372 '374 "372 Nondurable goods do 7702 7890 7901 7869 7884 7887 7902 7902 7886 7,875 7,859 7,840 7,838 r7,842 '7,844 "7,820 Food and kindred products do .. 1,615 1619 1617 1 610 1617 1 620 1 630 1,633 1633 1,638 1,630 1,634 1,644 rl,630 1,638 "1,627 Tobacco manufactures do.... 68 65 64 66 66 65 66 67 66 66 66 66 66 65 64 "61 Textile mill products do 741 746 744 738 730 726 722 720 712 706 707 701 699 696 '697 "695 Apparel and other textile products do 1 163 1 197 1 196 1 181 1 181 1 180 1 184 1 182 1 175 1 167 1 164 1,153 1,142 1,160 1,152 "1,154 Paper and allied products do 661 681 684 680 683 682 '683 683 682 682 681 682 684 r684 '682 "681 Printing and publishing do 1299 1372 1 382 1387 1392 1397 1397 1403 1406 1,407 1,411 1,414 1,419 rl,426 1,430 "1,422 Chemicals and allied products do.... 1,043 1048 1051 1050 1051 1052 1054 1,052 1,052 1,052 1,049 1,044 1,042 1,040 1,036 "1,037 Petroleum and coal products . do 196 189 188 187 188 187 186 185 184 183 182 181 180 178 177 "176 Rubber and plastics prod- ucts, nee do 711 782 786 784 792 796 799 798 799 798 795 791 789 787 '791 "790 Leather and leather products do.... 205 192 189 186 184 182 181 179 177 176 174 174 173 176 177 mi Service-producing . . do 66862 69731 70004 70387 70655 70927 71047 71307 71529 71854 72,030 72,355 72,463 r72,727 '72,961 "73,166 Transportation and public utilities do .... 4,954 5,171 5,194 5,210 5,223 5,229 5,246 5,259 5,272 5,269 5,278 5,301 5,295 '5,302 '5,284 "5,323 Wholesale trade ... do 5268 5550 5573 5610 5636 5647 5665 5686 5697 5714 5,733 5,748 5,768 r5,773 '5,793 "5,805 Retail trade do..., 15,613 16,584 16673 16750 16859 16994 17026 17,090 17160 17,249 17,280 17,392 17,425 17,453 17,509 "17,544 Finance, insurance, and real estate do 5468 5682 5707 5719 5 737 5 755 5776 5790 5809 5835 5858 5,888 5,906 r5,932 '5,960 "5,984 Services do 19694 20761 20849 2l'oi4 21087 2l'l84 21252 21382 21480 21644 21,723 21,813 21,856 r21,926 '22,068 "22,153 Government do... 15,869 15,984 16008 16,084 16,113 16 118 16,082 16,100 16 111 16,143 16,158 16,213 16,213 16,341 16,347 "16,357 Federal do 2774 2807 2812 2827 2823 2831 2836 2836 2834 2850 2,859 2,873 2,872 r2,878 2,887 "2,894 State * do 3662 3712 3723 3733 3727 3732 3722 3730 3733 3,744 3,749 3,759 3,765 r3,788 '3,796 "3,759 Local* do... 9,434 9,465 9473 9,524 9,563 9555 9,524 9,534 9544 9,549 9,550 9,581 9,576 r9,675 '9,664 "9,704 Production or nonsupervisory workers on private nonagric. payrolls, not seas, adjusted thous.. 60,070 63,576 64,614 64,874 64,952 65,120 65,235 63,765 63,675 64,268 65,058 65,815 66,511 r66,476 '66,867 "67,007 Manufacturing do 12,530 13310 13488 13566 13,506 13425 13358 13,223 13187 13,209 13,182 13,206 13,291 13,071 13,256 "13,310 Seasonally Adjusted t Production or nonsupervisory workers on private nonagricultural payrolls .. thous 60070 63576 63901 64096 64375 64629 64830 65058 65177 65,376 65,571 65,735 65,766 r65,869 '66,113 "66,198 Goods-producing... do 16235 17,378 17484 17448 17,497 17509 17,585 17,638 17578 17,574 17,597 17,555 17,495 17,475 17,513 "17,468 1 Mining do... 673 693 700 700 695 694 691 690 692 691 699 701 694 r690 '684 "678" Construction do 3033 3375 3388 3407 3422 3439 3485 3549 3539 3574 3649 3651 3632 r3648 '3,669 "3699 Manufacturing . do 12530 13310 13396 13341 13380 13376 13409 13,399 13347 13309 13,249 13,203 13,169 13 137 13,160 "13,091 Durable goods ... do. 7,117 7,749 7832 7806 7,835 7,832 7,855 7,843 7,806 7,776 7,730 7,704 7,671 r7,630 '7,649 "7,587 Lumber and wood products do... 547 592 591 588 593 594 597 595 589 585 579 580 576 583 '587 "589 Furniture and fixtures do... 356 391 391 389 393 397 399 400 399 400 397 393 394 '394 '397 "396 Stone, clay, and glass products do... 435 457 457 457 458 459 462 463 461 462 460 460 459 r459 '460 "459 Primary metal industries do... 620 652 656 647 647 644 640 640 636 630 621 618 615 r609 '601 "603 Fabricated metal products do... 994 1,079 1,092 1,091 1,096 1,099 1,102 1,099 1,097 1,094 1,093 1,091 1,086 1,082 1,083 "1,079 Machinery, except electrical do.. 1,195 1,328 1,353 1,352 1,359 1,354 1,353 1,346 1,340 1,335 1,325 1,323 1,314 1,303 1,300 "1,288 Electric and electronic equip . do 1220 1354 1372 1373 1376 1374 1 371 1366 1357 1345 1322 1313 1303 1290 1,288 "1,272 Transportation equipment do.. 1,096 1,218 1,241 1,230 1,232 1,230 1,251 1,257 1,251 1,251 1,264 1,260 1,260 1,253 1,271 "1,244 Instruments and related products do 388 398 398 399 399 400 400 399 400 399 397 394 394 r391 393 "391 Miscellaneous manufacturing do . . 267 280 281 280 282 281 280 278 276 275 272 272 270 r266 '269 "266 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-ll Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and .. ItTUUaJ methodological notes are as shown in " Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued EMPLOYMENT t— Continued Seasonally Adjusted t Production or nonsupervisory workers —Contin - ued Nondurable goods thous .. 5,413 5,561 5,564 5,535 5,545 5,544 5,554 5,556 5,541 5,533 5,519 5,499 5,498 '5,507 '5,511 "5,504 Food and kindred products do.... 1,114 1 124 1 124 1 119 1 123 1 126 1 135 1 138 1 138 1,143 1 138 1,141 1,153 1,139 1,145 "1,139 Tobacco manufactures do.... 52 49 49 50 50 50 50 51 50 49 50 49 49 49 '47 "45 Textile mill products do 639 646 643 637 630 626 623 622 614 610 611 605 603 602 '603 "601 Apparel and other textile products . do 984 1 012 1010 999 998 996 1 000 998 992 986 983 970 962 '978 '971 "972 Paper and allied products do .... 495 512 514 510 513 513 514 515 514 515 513 516 516 516 '517 "517 Printing and publishing do ... 712 756 762 764 768 770 768 773 775 777 778 780 782 '788 '790 "786 Chemicals and allied products do.... 579 582 583 582 582 581 581 580 580 579 578 575 575 574 '575 "578 Petroleum and coal products do .... 118 111 111 111 112 112 111 111 111 110 109 108 108 108 108 "109 Rubber and plastics prod- ucts, nee do 551 609 611 609 616 619 622 620 621 619 615 611 607 '606 '608 "609 Leather and leather products do 171 160 157 154 153 151 150 148 146 145 144 144 143 147 147 "148 Service-producing do 43834 46 198 46 417 46648 46878 47 120 47 245 47 420 47 599 47802 47 974 48180 48271 '48 394 '48 600 "48 730 Transportation and public utilities do.... 4,074 4,270 4,293 4,303 4,316 4,324 4,337 4,344 4,355 4,358 4,365 4,385 4,382 '4,390 '4,371 "4,405 Wholesale trade . do 4226 4469 4490 4520 4542 4553 4570 4589 4596 4610 4631 4644 4662 '4663 '4,674 "4,677 Retail trade do 14011 14853 14929 14989 15090 15217 15233 15278 15337 15391 15430 15,521 15568 15,574 15 645 "15,661 Finance, insurance, and real estate do 4068 4224 4245 4245 4259 4270 4284 4298 4309 4328 4343 4364 4381 '4400 '4418 "4,439 Services do 17455 18382 18460 18591 18671 18756 18821 18911 19002 19115 19205 19,266 19278 19,367 19 492 "19,548 AVERAGE HOURS PER WEEK t Seasonally Adjusted Avg. weekly hours per worker on private nonag. payrolls: <> Not seasonally adjusted hours.. 35.0 353 35.5 35.4 351 351 355 347 346 350 34.9 35.0 35.4 35.3 35.4 "35.3 Seasonally adjusted do 352 353 352 352 352 351 351 352 350 351 351 350 351 "352 Mining $ . do 425 433 435 440 432 435 44 1 429 432 436 433 435 437 '429 '43.3 "43.8 Construction do 37 1 377 376 379 377 380 378 377 378 381 380 376 372 376 37.5 "38.0 Manufacturing: Not seasonally adjusted do.... 40.1 40.7 40.4 40.7 40.5 40.7 41.2 40.3 39.7 40.4 40.1 40.3 40.6 40.1 '40.5 "40.8 Seasonally adjusted ... . do 405 406 405 405 406 406 40 1 404 402 404 404 403 '40.6 "40.7 Overtime hours do 30 34 33 33 33 34 34 34 33 32 3.4 31 32 32 3.3 "3.3 Durable goods do 407 414 413 414 41 3 412 413 413 407 41 1 409 41 1 412 410 '41.3 "41.3 Overtime hours do.. 30 36 35 35 35 36 36 36 35 35 3.6 32 3.3 33 '3.4 "3.4 Lumber and wood products do.... 40.1 399 39.6 40.1 39.7 396 39.8 39.7 389 39.6 39.5 39.8 40.1 '39.7 '40.1 "40.0 Furniture and fixtures do.... 39.4 39.7 39.3 39.8 39.6 39.7 39.6 40.4 39.5 39.5 39.3 38.9 38.9 '38.8 39.4 "39.8 Stone, clay, and glass products do . . 415 420 418 419 419 418 418 417 416 420 42.0 421 419 420 '419 "420 Primary metal industries do..., 40.5 417 41.2 413 413 41 5 41 2 41 0 409 41 1 41.0 41.2 41.6 41.4 '41.6 "41.6 Fabricated metal products do 406 414 41 2 41 4 413 41 1 41 4 41 4 409 41 1 41 1 41 1 413 41 3 '414 "41 6 Machinery, except electrical do 405 419 420 420 419 418 417 417 41 1 416 41 2 414 41 6 413 '417 "417 Electric and electronic equip do.... 40.5 410 41.0 41.1 409 409 410 408 402 40.7 40.2 40.4 40.6 40.3 '40.8 "40.6 Transportation equipment do 421 427 426 428 426 424 428 43 1 419 425 423 426 423 425 '42.8 "428 Instruments and related products do ... 40.4 413 412 415 413 414 41 8 412 407 410 40.7 40.9 41.1 '40.7 '40.7 "40.9 Miscellaneous manufacturing do.... 39.1 39.4 39.2 39.4 39.3 39.3 39.3 39.2 39.0 39.1 39.0 39.3 39.4 39.0 '39.2 "39.5 Nondurable goods do 394 396 395 395 394 395 396 395 393 394 39 1 394 394 394 '39.6 "39.8 Overtime hours do 30 3 1 31 30 30 3 1 30 30 29 29 3.0 29 3.0 3.0 3.1 "3.1 Food and kindred products do... 395 398 397 397 397 397 401 398 397 398 39.6 40.1 39.6 '40.0 39.9 "40.2 Tobacco manufactures do.... 37.4 389 38.9 38.3 387 390 388 qo q 392 38.9 35.4 37.0 36.6 '34.6 '37.1 "37.5 Textile mill products , do 404 399 395 393 388 39 1 392 392 388 39 1 388 389 394 '391 '40.0 "40.4 Apparel and other textile products do 362 36 4 36 1 36 1 36 0 36 1 363 36 2 359 361 356 362 363 363 '364 "365 Paper and allied products do 426 43 1 430 43 1 43 0 43 1 43 1 430 429 429 430 430 429 427 43.0 "43.1 Printing and publishing do 376 379 378 379 378 378 377 378 377 376 376 374 375 375 '38.2 "38.2 Chemicals and allied products do. 416 419 419 41 8 41 7 41 8 419 420 419 421 419 41 9 420 '418 '41.8 "41.9 Petroleum and coal products do.... 439 437 439 434 436 434 430 432 43 1 433 42.0 41.7 42.6 '42.9 '42.8 "42.9 Rubber and plastics prod- ucts, nee $ do 412 41 7 414 41 5 41 5 41 6 42 1 41 5 405 41 1 409 409 41.2 40.6 '40.7 "41.1 Leather and leather products do..., 368 368 362 365 366 366 369 368 364 37 1 37.0 37.1 37.0 '37.0 37.5 "38.1 Transportation and public utilities do 390 394 394 398 39 2 39 4 39 3 393 39 4 395 394 395 395 '392 '39.5 "39.6 Wholesale trade do 385 386 387 387 386 38 6 386 386 386 387 386 387 388 386 '38.6 "38.7 Retail trade do 298 300 299 299 298 299 299 298 298 298 297 299 29.9 29.7 '29.6 "29.6 Finance, insurance, and real estate t do 362 365 364 366 365 364 367 364 364 364 364 363 367 '363 '36.3 "36.5 Services do 327 32 8 327 32 8 32 8 32 8 32 9 327 32 8 328 327 328 328 '327 328 "329 AGGREGATE EMPLOYEE-HOURS t Seasonally Adjusted Employee-hours, wage & salary workers in non- agric. establish, for 1 week in the month, seas adj. at annual rate bil. hours.. 168.33 177.62 178.18 179.62 179.17 178.16 150.37 180.76 180.36 181.79 181.27 182.18 182.62 182.40 183.41 "184.34 Total private sector do 137 14 145 86 146 26 14727 146 94 147 80 148 70 148 69 14887 149 82 14970 15024 150.56 150 12 150.89 "151.47 Mining ... . do 211 220 221 224 218 220 220 225 227 222 223 2.23 2.21 2.17 '2.18 "2.18 Construction do 762 852 857 866 856 862 869 884 890 903 921 9 12 902 '911 '9.14 "9.34 Manufacturing do 3841 4096 41 15 4098 4101 41 06 41 38 41 48 41 11 4108 4069 40.73 40.73 '40.54 '40.80 "40.63 Transportation and public utilities do 10 11 1061 1067 1081 10 68 1072 10 71 1072 1081 1084 1085 1086 10.91 10.85 10.87 "11.01 Wholesale trade * do 1055 11 14 11 21 1132 11 30 1132 11 36 1136 1138 11 49 11.51 11.58 11.64 11.59 11.64 "11.69 Retail trade * do 24 19 2587 2587 2598 2609 2648 2659 2580 2589 2682 2668 2698 27 10 '26.94 '26.94 "26.91 Finance, insurance, and real estate do 1030 1079 1080 10 96 1087 1090 1104 1094 1096 1106 11 10 11 12 1128 1120 11.27 "11.39 Services . .. do 3384 3577 3579 3633 3624 3648 3673 3647 3674 3727 3743 37.62 37.69 '37.72 '38.04 "38.32 Government do.. 31.19 3175 31.92 32.35 32.23 30.35 31.67 32.03 31.46 31.97 31.58 31.94 32.06 '32.28 '32.53 "32.87 Indexes of employee-hours (aggregate weekly): <£> Private nonagric. payrolls, total 1977 = 100 105.8 112.9 113.2 113.9 113.9 114.5 115.0 115.0 115.1 115.7 115.6 116.2 116.3 116.0 116.7 "117.2 Goods-producing do 91 1 988 99.1 99.2 991 99.3 99.9 100.0 98.8 99.6 99.1 99.1 98.6 98.5 '99.2 "99.3 Mining do 1065 1120 1133 114 1 1117 1126 1121 1109 1122 1126 1136 1140 1126 111 1 110.2 "109.7 Construction do 102 1 1155 1155 1170 1169 1184 1194 1213 121 2 1234 125.7 1244 122.4 124.3 124.7 "127.4 Manufacturing do 882 950 952 950 950 950 955 953 93.9 943 93.3 93.4 93.4 '92.9 93.7 "93.4 Durable goods do 850 942 94.9 95.0 950 94.8 954 95.2 93.3 93.9 92.8 92.9 92.7 '91.9 '92.8 "92.1 Nondurable goods do.. 930 96.0 95.7 95.1 95.1 95.3 95.7 95.6 94.7 95.0 94. 94.3 94.3 '94.4 '95.1 "95.4 Service-producing do 1140 1206 1210 1220 1221 1229 1234 1233 1240 1246 1247 1257 126.1 1257 126.3 "127.0 Transportation and public utilities do.. 99.4 105.2 105.7 107.0 105.7 106.5 106.5 106.7 107.2 107.6 107.5 108.2 108.2 107.5 107.9 "109.0 Wholesale trade do- 108. 114.7 115. 116.3 116.5 116.8 117.3 117.7 117.9 118.6 118.8 119. 120.2 119.6 119.9 "120.3 Retail trade do 1064 1134 113 114 1 1145 1158 1160 1159 116.4 1168 116.7 118.2 118.5 117.8 117.9 "118.0 Finance, insurance, and real estate do.. 119.0 124.5 124.9 125.9 125.6 126.0 126.7 126. 126.8 127.7 127.8 128.0 130.3 128.7 129.6 "131.3 Services do 126 1333 133 1349 1355 136 1370 1368 137.9 1387 138.9 139.8 139.9 140. 141.4 "142.3 See footnotes at end of tables. S-12 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and iy .. methodological notes are as shown in units Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued HOURLY AND WEEKLY EARNINGS tt Average hourly earnings per worker: <} Not seasonally adjusted: Private nonagric. payrolls dollars- 8.02 8.33 8.30 8.43 8.40 8.43 8.46 8.50 8.52 8.52 8.54 8.53 8.56 8.54 8.54 "8.68 Mining do 11 28 1163 11 62 1172 11 58 11 63 1170 11 86 11 90 1191 1193 1186 11.99 11.88 11.93 "12.04 Construction do 1194 12 12 12 10 1224 1223 1210 1226 1230 12.33 1222 12.21 12.19 12.12 12.16 12.21 "12.39 Manufacturing do 883 9 18 9 15 924 924 931 940 943 943 945 948 948 950 r953 r948 "9.54 Excluding overtime do 852 881 878 885 887 893 900 907 907 909 9 13 9 13 913 9.17 '9.10 "9.14 Durable goods do 939 974 970 979 978 985 996 999 999 1001 1003 1004 10.08 10.10 10.06 "10.14 Excluding overtime do 906 934 930 937 938 943 952 959 9.59 9.61 9.64 9.66 9.68 r9.72 '9.66 "9.71 Lumber and wood products do.... 780 803 8.10 820 811 806 8.09 8.10 8.09 8.06 8.04 8.12 8.24 r8.20 '8.28 "8.29 Furniture and fixtures do.... 6.62 6.85 6.88 6.94 6.93 6.95 6.99 7.01 7.01 7.07 7.08 7.11 7.18 '7.22 '7.25 "7.31 Stone, clay, and glass products do 928 957 963 965 964 967 968 970 973 971 980 980 984 r9.89 '9.86 "9.91 Primary metal industries do 1135 1147 11 38 1143 11 36 11 49 1149 11 55 1169 11 66 1164 11 64 11.65 11.78 11.60 "11.66 Fabricated metal products do.... 9.12 9.38 9.33 9.43 9.40 9.44 9.58 9.59 9.59 9.62 9.64 9.63 9.65 '9.66 '9.61 "9.70 Machinery, except electrical do.... 955 9.96 9.93 10.02 10.02 1007 10.16 10.13 10.14 10.15 10.17 10.22 10.28 10.31 10.27 "10.36 Electric and electronic equip do 867 904 905 9 13 915 920 9.32 9.33 9.33 9.39 9.40 9.39 9.46 9.47 9.52 "9.59 Transportation equipment do.... 11.67 12.22 12.16 12.26 12.32 12.45 12.62 12.67 12.63 12.59 12.63 12.63 12.66 12.65 12.66 "12.74 Instruments and related products ... do 848 885 889 896 893 895 903 900 9.11 9 10 911 913 9.15 r9.20 '9.22 "9.28 Miscellaneous manufactur- ing do.... 681 7.04 7.01 7.05 7.05 7.06 7.16 7.23 7.19 7.20 7.22 7.28 7.28 7.30 '7.28 "7.31 Nondurable goods do.... 808 8.37 8.37 8.44 8.44 8.52 8.55 8.59 8.60 8.61 8.67 8.64 8.65 '8.72 '8.66 "8.71 Excluding overtime do.... 7.79 8.05 8.04 8.10 8.12 8.19 8.23 8.30 8.31 8.32 8.37 8.34 8.34 '8.39 '8.32 "8.34 Food and kindred products do.... 8.19 8.38 8.33 8.35 8.31 8.43 8.45 8.48 8.51 8.53 8.59 8.58 8.55 '8.54 '8.48 "8.51 Tobacco manufactures do.... 10.38 11.27 10.92 10.52 10.60 11.93 11.17 11.39 11.80 12.00 12.16 12.65 12.83 12.91 12.50 "12.04 Textile mill products do 618 646 6.47 6.50 6.49 6.55 6.57 6.59 6.60 6.64 6.70 6.68 6.69 6.69 '6.73 "6.75 Apparel and other textile products do 538 555 555 563 561 561 5.68 5.73 5.70 573 5.74 569 5.70 '5.70 5.69 "5.73 Paper and allied products do.... 9.93 10.41 10.47 10.51 10.52 10.64 10.66 10.63 10.64 10.64 10.72 10.75 10.79 10.91 10.86 "10.86 Printing and publishing do.... 9.11 9.40 9.44 9.53 9.50 9.56 9.57 9.58 9.60 9.61 9.60 9.60 9.61 '9.67 '9.67 "9.74 Chemicals and allied products do.... 10.58 11.08 11.09 11.20 11.29 11.31 11.34 11.39 11.39 11.37 11.48 11.46 11.52 11.60 11.63 "11.69 Petroleum and coal products do .... 13.28 13.43 13.30 13.52 13.51 13.66 13.62 13.96 13.99 14.06 14.18 14.00 13.97 14.03 13.91 "14.23 Rubber and plastics prod- ucts, nee do.... 8.00 8.29 8.29 8.32 8.32 8.40 8.44 8.49 8.48 8.46 8.48 8.45 8.50 '8.54 '8.51 "8.57 Leather and leather products do 554 570 568 573 572 576 580 582 5.79 582 584 583 5.83 '5.83 5.83 "5.86 Transportation and public utilities do.... 10.79 11.11 11.13 11.22 11.18 11.25 11.28 11.26 11.27 11.24 11.27 11.24 11.32 11.35 11.38 "11.50 Wholesale trade do 855 896 8.96 9.06 9.00 9.08 9.19 9.16 9.22 9.19 9.24 9.24 9.28 '9.27 '9.25 "9.34 Retail trade do.... 5.74 5.88 5.82 5.88 5.88 5.93 5.89 5.97 5.99 5.97 5.96 5.97 5.94 '5.93 '5.91 "5.99 Finance, insurance, and real estate do 729 762 757 776 767 771 7.78 7.77 7.87 7.87 7.85 7.83 7.95 7.87 '7.89 "8.01 Services . .. do 731 7.64 7.56 7.72 7.71 7.77 7.84 7.84 7.87 7.87 7.89 7.88 7.91 7.86 '7.87 "8.06 Seasonally adjusted: Private nonagricultural payrolls dollars . . 8.02 8.33 8.35 8.40 8.38 8.42 8.47 8.44 8.49 8.52 8.54 8.55 8.59 8.57 '8.59 "8.64 Mining do 1127 11 58 (i) (i) (i) (i) (i) (i) C1) (i) (i) (i) C1) C1) (J) C1) Construction do .. 11 94 12.12 12.14 12.15 12.14 12.16 12.20 12.20 12.27 12.22 12.26 12.25 12.23 12.23 12.25 "12.29 Manufacturing do 883 9 18 922 924 928 931 935 938 941 943 948 949 951 '9.53 '9.56 "9.55 Transportation and public utilities do.... 10.79 11.11 11.13 11.18 11.16 11.18 11.23 11.21 11.25 11.27 11.30 11.31 11.40 11.36 11.39 "11.47 Wholesale trade * do 855 896 898 905 901 909 919 909 9.20 923 9.22 9.24 9.32 '9.27 '9.27 "9.33 Retail trade * do 574 588 587 589 590 593 593 5.92 5.94 5.95 5.94 5.96 5.94 '5.95 '5.96 "6.00 Finance, insurance, and real estate do 729 762 761 778 768 772 781 770 781 786 785 781 7.98 7.90 '7.94 "8.03 Services . do 731 764 766 772 770 774 781 774 7.81 7.86 7.88 7.89 7.97 7.94 '7.97 "8.05 Indexes of avg. hourly earnings, seas, adj.: 0 Private nonfarm economy: Current dollars 1977 = 100 .. 155.4 160.7 160.8 161.7 161.6 162.3 163.4 163.0 164.0 164.4 164.8 164.9 165.6 165.4 165.6 "165.6 1977 dollars $ do 949 948 942 94 3 94 1 94 5 949 945 947 945 944 943 945 94.3 94.2 "94.1 Mining do 1667 1738 1742 1759 1748 1762 1769 1774 1784 1778 1786 1779 178.9 178.8 178.3 "179.1 Construction do 1456 1480 1477 1479 1477 1476 1489 1492 1508 1499 1504 150.0 149.3 149.0 149.3 "148.2 Manufacturing do 1579 1628 1635 1637 164 1 1647 1654 1663 1669 1674 167.9 168.4 168.6 169.0 169.3 "169.1 Transportation and public utilities do.... 156.6 161.7 161.6 162.3 162.8 162.9 164.1 163.5 164.2 165.4 165.0 165.0 166.6 166.0 165.8 "165.8 Wholesale trade * do 1582 1657 1657 1677 1667 1679 1698 1692 1702 1699 1706 1707 171.3 171.1 170.7 "170.7 Retail trade * do 1502 1539 1537 1540 1540 1552 1556 1545 1554 1555 1556 155.9 155.9 155.8 155.7 "155.6 Finance, insurance, and real estate.. .. do 1587 1656 1646 1683 1663 167 1 1686 1682 1702 1703 1700 1698 172.1 170.5 171.0 "172.1 Services do 1560 1629 163 1 1648 164 1 1649 1667 1649 1662 1672 1678 1676 169.8 169.0 169.5 "170.3 Hourly wages, not seasonally adjusted: Construction wages, 20 cities (ENR): § Common labor $ per hr 15 22 1571 15 84 15 87 1581 1582 15 82 15 89 1589 1591 1591 1601 1600 1600 1597 15.95 Skilled labor do 1991 2066 2087 2089 2084 2084 2084 2091 2098 2089 2089 2098 21.01 21.01 20.95 21.00 Railroad wages (average, class I) do.... 12.83 13.33 13.18 13.40 13.46 13.40 13.50 13.42 13.67 13.38 13.62 13.45 13.71 13.52 "13.57 "13.65 Avg. weekly earnings per worker, private nonfarm: ^ Current dollars, seasonally adjusted 28070 29405 29392 29652 29498 29638 298 14 29624 298 00 29990 29890 30011 301.51 299.95 '301.51 "304.13 1977 dollars, seasonally adjusted t 171.37 173.48 172.19 17280 171.80 17262 173.14 171.73 172.15 172.46 171.19 171.59 172.00 171.01 171.61 "172.80 Current dollars, not seasonally adjusted: Private nonfarm total dollars 28070 29405 294 65 29842 294 84 29589 30033 29495 294 79 29820 29805 29855 30302 301.46 302.32 "306.40 Mining do 47940 50358 50547 51568 50026 50591 51597 50879 514 08 51928 51657 51591 523.96 '509.65 '516.57 "527.35 Construction do 44297 45692 464 64 471 24 464 74 451 33 46098 44772 451 28 46069 461 54 46444 46177 46938 '467 64 "478.25 Manufacturing do 35408 37363 36966 37607 37422 37892 38728 38003 374 37 38178 38015 38204 385.70 '382.15 '383.94 "389.23 Durable goods do... 38217 40324 39770 40629 40391 40779 41932 41059 403.60 41241 410.23 411.64 417.31 410.06 '412.46 "419.80 Nondurable goods do 31835 33145 33145 33507 33254 33739 34200 33673 333 68 33837 33726 33955 34254 '341 82 '343 80 "348 40 Transportation and public utilities do 42081 43773 44186 44768 43826 44438 44556 43801 440.66 441.73 441.78 441.73 449.40 '448.33 '452.92 "457.70 Wholesale trade do 32918 34586 34765 351 53 34830 35140 35749 35174 352 20 35382 35482 35759 36099 '359 68 '358 90 "362 39 Retail trade .. do 17105 17640 17809 17640 17464 17612 17965 17373 17431 17552 17522 17791 17939 180 27 179 07 "177.90 Finance, insurance, and real estate do... 263.90 278.13 275.55 28402 279.96 280.64 285.53 282.83 286.47 286.47 285.74 284.23 291.77 '285.68 '286.41 "292.37 Services do 23904 25059 24948 25322 252 12 25408 25794 25480 256 56 25656 25721 25768 261 03 '260 17 '260 50 "265 17 EMPLOYMENT COST INDEX @ Civilian workers t 6/81 — 100 1224 1239 1255 1264 Workers, by occupational group White-collar workers do 1240 1255 1273 1283 Blue-collar workers do 1196 1209 1222 1231 Service workers do... 124.6 126.8 127.8 128.0 Workers, by industry division Manufacturing do 1204 1220 1239 124.6 Nonmanufacturing do ... 123.3 124.8 126.2 127.2 Services do 1288 1309 1319 1326 Public administration do 1269 1286 130 1 1303 HELP-WANTED ADVERTISING Seasonally adjusted index 1967 — 100 96 131 128 129 136 137 145 139 140 138 131 131 138 139 133 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-13 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and IT .. methodological notes are as shown in u BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued WORK STOPPAGES Work stoppages involving 1,000 or more workers: Number of stoppages: Beginning in month or year number.. 81 62 5 10 4 4 3 2 4 4 3 2 2 r9 8 11 Workers involved in stoppages: Beginning in month or year thous .. 909 376 24 108 18 12 42 4 29 15 6 7 16 r52 15 70 Days idle during month or year do.... 17,461 2 8,499 1,634 713 562 500 656 278 259 698 230 203 454 r500 870 930 UNEMPLOYMENT INSURANCE Unemployment insurance programs: Insured unemployment, all programs, average weekly #@ thous.. 3,775 2,565 2,184 2,083 2,149 2,441 2,778 3,361 3,339 3,113 2,766 2,455 2,337 "2,522 State programs (excluding extended duration provisions): Initial claims thous .. 22,795 19,632 1,459 1,260 1,758 1,825 2,074 2,610 1,662 1,509 1,633 1,486 1,418 "1,912 Insured unemployment, avg. weekly do 3,396 2,480 2,129 2,023 2,072 2,355 2,691 3,264 3,239 3,106 2,680 2,385 2,274 "2,454 Percent of covered employment: @ @ Unadjusted 3.9 2.9 2.5 2.3 2.4 2.7 3.1 3.7 3.6 3.4 3.0 2.6 2.5 "2.7 Seasonally adjusted 2*7 2.1 2*8 2^9 2*9 2^9 3.0 2*9 2^9 2^8 2^8 "2^8 Beneficiaries, average weekly thous.. 2,990 2,148 1,895 1,806 1,759 1,914 2,207 2,692 2,940 2,786 2,478 2,176 2,068 "2,109 Benefits paid @ mil. $.. 17,762.8 13,399.9 1,017.8 855.4 962.9 1,005.7 1,124.8 1,505.0 1,450.0 1,442.0 1,346.0 1,223.0 1,008.0 "1,171.0 Federal employees, insured unemployment, average weekly thous 26 24 19 19 21 23 24 27 26 24 20 17 17 "19 Veterans' program (UCX): Initial claims do 196 158 14 13 15 15 12 14 12 12 11 10 10 "12 Insured unemployment, avg. weekly do 30 21 19 20 21 22 23 24 22 21 19 17 16 "17 Beneficiaries, average weekly do 27 19 17 18 19 20 21 22 21 20 17 16 15 "15 Benefits paid mil $ 194.6 135.1 10.7 9.9 11.7 12.0 12.0 13.9 11.7 11.2 10.5 10.2 8.6 "9.6 Railroad program: Applications thous .. 180 100 7 6 9 10 11 13 4 3 3 3 12 31 Insured unemployment, avg. weekly ...... do 58 28 16 18 21 27 29 33 34 32 25 18 15 "19 Benefits paid mil. $.. 301.6 148.0 6.7 6.3 8.6 9.6 12.2 19.1 15.4 15.0 12.7 8.1 6.0 6.7 FINANCE BANKING Open market paper outstanding, end of period: Bankers' acceptances mil $ 78309 75470 79779 77928 75741 75 179 75470 72273 76 109 73726 72825 69689 r68 375 68497 66,740 Commercial and financial company paper total do 181 348 231 760 220 125 226 736 230 511 238 024 231 760 241 813 246 232 247 603 255 913 259 253 259 571 265 863 271 857 Financial companies do 137 970 166 776 158 358 159 542 160 174 167 044 166 776 171 335 174 507 176 812 180 591 181 645 182 815 187 473 194,407 Dealer placed . ... do 41727 57 191 50313 52138 54055 56240 57 191 59425 60476 60426 62976 62285 62733 66504 66,962 Directly placed do 96243 109 585 108 045 107 404 106 119 110 804 109 585 111910 114031 116 386 117615 119 360 120 082 120 969 127,445 Nonfinancial companies do 43 378 64 984 61 767 67 194 70 337 70 980 64 984 70 478 71 725 70791 75322 77608 76756 78390 77450 Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.: Total, end of period mil $ 80541 78003 80545 80091 79718 79246 78003 Farm mortgage loans: Federal land banks ...... do 51078 50714 51 219 51 216 51 206 51 176 50714 Loans to cooperatives do 9319 8760 8709 8497 8699 9033 8760 Other loans and discounts do 20 143 18528 20616 20378 19813 19036 18528 Federal Reserve banks, condition, end of period: Assets total # mil $ 198 571 208 523 203 184 207 150 198 682 205 671 208 523 200 624 205 225 207 603 224 784 210 145 214 575 223 914 215,550 238,164 Reserve bank credit outstand- ing, total # do 163 694 174 052 170 648 170 433 162 417 171 216 174 052 165 585 170 657 172 235 184 595 173,557 179,013 176,348 180,252 180,518 Time loans do 918 3577 8276 6633 5060 5073 3577 2 139 2329 2582 1,525 1,765 1,338 1,567 2,068 2,520 U S Government securities do 151 942 160 850 153 183 155 018 148 220 157 770 160 850 154 555 159 632 160 983 173 913 164 245 169 110 167,095 170,109 169,702 Gold certificate account do 11 121 11096 11098 11 097 11 096 11 096 11096 11 095 11 093 11 093 11091 11,091 11,090 11,090 11,090 11,090 Liabilities, total # do 198 571 208 523 203 184 207 150 198 682 205 671 208 523 200 624 205 225 207 603 224 820 210,145 214,575 223,914 215,550 238,164 Deposits, total do 26123 28252 27417 32718 24 122 28107 28252 26011 29193 30660 41939 26,163 31,155 37,383 29,933 54,806 Member-bank reserve balances do 21446 21 818 22733 23612 19740 25052 21 818 19858 25092 26997 21,962 23,468 27,236 26,253 25,665 27,162 Federal Reserve notes in circu- lation do 157 097 168 327 161 551 160 046 160 972 164 102 168 327 162 125 162 992 163 728 165 331 169,056 170,178 171,286 172,712 171,514 All member banks of Federal Reserve System, averages of daily figures: Reserves held, total mil. $.. '38,894 1 40,696 37,264 38,043 38,512 39,235 40,696 41,125 40,273 40,494 41,652 41,051 42,352 42,803 '42,963 44,434 Required do 1 38 333 1 39 843 36 575 37 415 37 892 38 542 39 843 40 380 39370 39728 40914 40247 41447 41,948 r42,135 43,777 Excess do 1 561 1 853 689 628 620 693 853 745 903 766 738 804 905 855 r827 657 Borrowings from Federal Reserve 1 1,334 1,205 1,107 1,073 1,289 banks do 774 '3 186 8017 7 242 6 017 4617 3 186 1,395 1 289 1,593 1,323 r Free reserves do 1 117 1 2220 6982 6 295 5098 3 712 2220 588 315 739 450 -365 -149 -85 -25 -429 Large commercial banks reporting to Federal Reserve System: $ Deposits: Demand, total # mil. $.. 195,538 223,965 172,432 186,027 184,939 180,270 223,965 184,595 185,248 182,425 182,743 192,166 190,792 197,532 186,922 186,682 Individuals, partnerships, and corporations $t do.... 149,971 172,700 131,670 139,287 141,373 139,061 172,700 139,346 140,345 139,230 139,036 145,961 143,761 150,069 142,796 142,330 States and political subdivisions do.... 5,507 6,219 4,360 4,826 4,901 4,781 6,219 5,138 4,902 4,736 5,256 5,169 5,268 5,867 4,697 5,094 U.S. Government do 2055 1 160 2 151 3930 1389 1041 1,160 2,766 2,713 2,581 3,555 1,016 2,350 1,614 1,830 1,839 Depository institutions in U.S. $$ do.... 21,868 26,297 19,220 22,440 21,033 20,985 26,297 20,969 22,190 21,511 20,877 25,116 22,153 24,015 22,812 22,349 Transaction balances other than demand deposits * do.... 36,226 32,242 33,893 32,998 32,668 36,226 34,715 35,475 36,224 37,681 36,374 36,680 38,560 38,361 38,079 Nontransaction balances, total * do.... 439,983 456,258 436,064 440,735 443,875 446,038 456,258 459,663 462,489 464,571 464,676 467,565 469,752 472,193 474,261 476,618 Individuals, partnerships, and corporations do 411 068 422 480 403 295 407 377 410 059 412111 422 480 425,194 426 480 428,655 428,262 430,690 433,809 436,131 437,559 439,569 Loans and leases(adjusted),total § do.... 553,128 659,091 615,392 627,201 636,546 637,675 659,091 651,896 658,400 663,250 667,725 670,329 679,325 681,806 681,879 687,458 Commercial and industrial do.... 223,857 251,957 242,982 246,832 247,659 248,452 251,957 249,752 253,286 255,645 253,744 253,462 252,278 253,594 251,583 253,295 For purchasing and carrying securities do 13638 18066 11 223 13 135 15048 12616 18066 13,211 13,638 14,952 16,663 14,924 19,618 18,593 16,051 16,465 To nonbank depository and other financial do 25,272 25,460 24,982 24,430 24,338 24,186 25,460 23,784 23,782 23,314 23,723 24,039 23,750 24,300 24,794 24,348 Real estate loans do... 142,170 158,428 152,964 155,099 156,961 158,227 158,428 161,941 163,428 164,536 165,653 167,236 168,638 170,402 172,449 173,965 To States and political subdivisions 0 do... 29,210 26,234 25,946 26,078 26,675 29,210 29,508 29,382 29,766 29,880 30,010 29,993 30,439 30,977 30,811 Other loans . do 148,191 175 970 157,007 161 759 166,462 167,519 175,970 173,700 174,884 175,037 178,062 180,658 185,048 184,478 186,025 188,574 Investments, total do ... 145,803 127,885 123,345 121,998 126,454 124,996 127,885 132,922 138,919 134,093 134,256 136,856 135,651 135,909 137,934 140,473 U.S. Treasury and Govt. agency securities, total <} do 75473 78539 75,582 74656 79,042 78,532 78,539 83,910 91,517 86,950 85,471 87,417 86,264 86,102 84,851 87,309 Investment account <} do... 67,777 64,697 63,969 63,475 63,884 63,770 64,697 66,890 70,017 69,438 69,127 72,499 70,607 72,246 70,726 70,278 Other securities <> do... 70,330 49,346 47,763 47,342 47,412 46,464 49,346 49,012 47,402 47,143 48,785 49,439 49,387 49,807 53,083 53,164 See footnotes at end of tables. S-14 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and IT ., methodological notes are as shown in Vmts BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. S«p, FINANCE—Continued BANKING— Continued Commercial bank credit, seas, adj.: Total loans and securities () bil $ 1,553.0 1,714.8 1,662.1 1,674.8 1,682.8 1,701.0 1,714.8 1,724.0 1,742.3 1,758.9 1,765.8 1,785.3 1,799.1 1,814.3 1,824.9 U.S. Treasury securities do.... 260.8 260.2 257.1 258.0 257.0 259.4 260.2 260.1 265.8 266.9 261.1 265.9 266.6 271.0 270.9 Other securities .. do 169.6 139.9 140.8 141.9 141.5 141.1 139.9 142.4 140.8 138.7 140.1 142.1 144.5 145.5 148.2 Total loans and leases 0 do .... 1,122.7 1,314.7 1,264.2 1,274.9 1,284.3 1,300.6 1,314.7 1,321.5 1,335.6 1,353.3 1,364.6 1,377.3 1,388.0 1,397.8 1,405.8 Money and interest rates: Prime rate charged by banks on short-term business loans * percent .. 10.79 12.04 13.00 12.97 12.58 11.77 11.06 10.61 10.50 10.50 10.50 10.31 9.78 9.50 9.50 9.50 Discount rate (New York Federal Reserve Bank) @@ do 8.50 8.80 9.00 9.00 9.00 8.83 8.37 8.00 8.00 8.00 8.00 7.81 7.50 7.50 7.50 7.50 Federal intermediate credit bank loans do 10.60 11.20 11.32 11.53 11.66 11.66 11.53 11.46 11.22 11.04 10.97 10.77 10.56 10.38 10.36 Home mortgage rates (conventional 1st mortgages): New home purchase (U.S. avg.) percent.. 212.11 2 11.88 11.89 12.03 12.27 12.27 12.05 11.77 11.74 11.42 11.55 11.55 11.31 10.94 10.78 10.68 Existing home purchase(U.S. avg.) do.... 2 12.29 2 12.00 12.24 12.43 12.52 12.38 12.26 12.09 11.90 11.72 11.62 11.62 11.29 11.02 10.87 10.79 Open market rates, New York City: Bankers' acceptances, 90 days .. do 8.90 10.14 11.23 11.04 10.13 9.00 8.45 8.00 8.55 8.88 8.33 7.77 7.32 7.53 7.68 7.81 Commercial paper, 6-month $ do .... 8.89 10.16 11.16 10.94 10.16 9.06 8.55 8.15 8.69 9.23 8.47 7.88 7.38 7.57 7.74 7.86 Finance co. paper placed di- rectly, 6-mo . do 8.69 9.65 10.52 10.55 9.87 8.82 8.09 7.82 8.20 8.65 8.27 7.69 7.16 7.34 7.55 7.60 Yield on U.S. Gov. securities (taxable): 3-month bills (rate on new issue)... percent.. 8.630 9.580 10.490 10.410 9.970 8.790 8.160 7.760 8.220 8.570 8.000 7.560 7.010 7.050 7.180 7.080 CONSUMER INSTALLMENT CREDIT t Not seasonally adjusted Total outstanding (end of period) # mil. $.. 383,701 460,500 430,795 437,469 441,358 447,783 460,500 461,530 464,940 471,567 479,935 488,666 495,813 503,834 512,983 By major holder: Commercial banks do 171,978 212,391 199,654 202,452 204,582 206,635 212,391 213,951 215,778 219,970 223,850 226,973 229,676 232,913 236,390 Finance companies ... do 87,429 96,747 94,070 95,594 95,113 95,753 96,747 96,732 97,360 99,133 101,324 104,130 105,971 107,985 110,378 Credit unions do.... 53,471 67,858 62,679 63,808 64,716 66,528 67,858 68,538 70,251 70,432 71,418 72,381 73,468 74,614 76,279 Retailers do .... 37,470 40,913 35,359 35,595 35,908 37,124 40,913 38,978 37,483 37,082 37,091 37,472 37,548 37,399 37,481 Savings and loans do 23,108 29,945 26,922 27,880 28,781 29,358 29,945 30,520 31,405 32,349 33,514 34,754 35,901 37,301 38,496 By major credit type: Automobile do. 143,114 172,589 165,177 167,231 168,923 170,731 172,589 173,769 176,119 179,661 183,558 187,795 191,315 194,678 198,050 Revolving do.... 81,977 101,555 88,202 90,231 91,505 93,944 101,555 100,565 99,316 100,434 101,887 103,492 104,333 105,539 107,584 Mobile home do 23,862 24,556 24,947 25,198 24,573 24,439 24,556 24,281 24,393 24,456 24,675 24,925 25,205 25,545 25,833 Seasonally adjusted * Total outstanding (end of period) # do 428,860 433,842 439,473 445,553 452,372 459,595 468,636 476,978 485,248 494,290 499,517 505,764 512,076 By major holder: Commercial banks do 199,054 200,438 203,194 205,677 208,705 212,504 217,575 222,422 226,275 230,383 232,073 233,897 235,661 Finance companies do 92,612 94,183 94,581 95,359 96,555 97,456 98,659 100,707 102,592 104,965 106,183 107,812 110,183 Credit unions do 62,258 63,129 64,353 66,084 67,420 68,710 70,133 70,930 72,145 72,818 73,615 74,764 75,829 Retailers do. 36,127 36,352 36,480 36,758 37,147 37,398 37,667 37,758 37,926 38,267 38,236 38,348 38,249 Savings and loans do.... 27,007 27,777 28,641 29,187 29,763 30,685 31,682 32,397 33,460 34,787 36,204 37,542 38,511 By major credit type: Automobile . do 163,208 164,721 167,225 169,774 172,461 175,348 178,546 181,937 185,425 189,217 191,903 194,268 196,754 Revolving do 88,909 90,393 91,881 93,495 94,940 96,897 99,424 102,055 104,181 106,610 106,537 107,393 108,329 Mobile home do..., 24,791 24,918 24,526 24,435 24,552 24,393 24,675 24,664 24,882 25,068 25,264 25,588 25,794 Total net change (during period) # do..., 6,022 4,982 5,631 6,080 6,819 7,223 9,041 8,342 8,270 9,042 5,227 6,247 6,312 By major holder: Commercial banks do 2,631 1,384 2,756 2,483 3,028 3,799 5,071 4,847 3,853 4,108 1,690 1,824 1,764 Finance companies do 1,381 1,571 398 778 1,196 901 1,203 2,048 1,885 2,373 1,218 1,629 2,371 Credit unions do..., 927 871 1,224 1,731 1,336 1,290 1,423 797 1,215 673 797 1,149 1,065 Retailers...... do 197 225 128 278 389 251 269 91 168 341 -31 112 -99 Savings and loans do 804 770 864 546 576 922 997 715 1,063 1,327 1,417 1,338 969 By major credit type: Automobile. do 2,482 1,513 2,504 2,549 2,687 2,887 3,198 3,391 3,488 3,792 2,686 2,365 2,486 Revolving do 1,263 1,484 1,488 1,614 1,445 1,957 2,527 2,631 2,126 2,429 73 856 936 Mobile home do 217 127 -392 -91 117 -159 282 11 218 186 196 324 206 FEDERAL GOVERNMENT FINANCE Budget receipts and outlays: Receipts (net) mil $ 1 600,562 1 666,457 55,209 68,019 52,251 51,494 62,404 70,454 54,021 49,606 94,593 39,794 72,151 3 57,970 55,776 Outlays (net) do 1 795,916 1 841,800 88,707 51,234 81,037 79,956 77,583 76,838 74,851 78,067 82,228 80,245 71,506 3 78,012 83,621 Budget surplus or deficit ( — ) . do ' - 195,354'-175,342 -33,498 16,785 -28,787 -28,462 -15,179 -6,384 -20,830 -28,461 12,365 -40,450 645 -20,042 -27,845 Budget financing, total do..., 1 207,7 11 1 185,339 34,673 -14,811 28,019 28,902 14,563 8,013 21,056 29,504 -11,386 41,997 1,369 21,532 27,597 Borrowing from the public. . do 1 212,424 1 170,817 25,340 4,167 20,754 19,353 24,055 12,675 15,994 13,159 17,036 16,333 11,857 23,921 16,157 Reduction in cash balances do ... 1 -4,713 1 14,522 9,333 -18,978 7,265 9,549 -9,492 -4,662 5,062 16,345 -28,422 25,664 -10,488 -2,389 11,440 Gross amount of debt outstanding do 1 1,381,886 1 1,576,748 1,565,140 1,576,748 1,616,010 1,635,510 1,667,425 1,684,364 1,702,793 1,715,148 1,737,119 1,758,330 1,779,026 1,805,324 1,822,387 Held by the public do 1 1,141,771 1 1,312,589 1,308,421 1,312,589 1,333,343 1,352,696 1,376,750 1,389,426 1,405,420 1,418,578 1,435,615 1,451,948 1,463,804 1,487,725 1,503,882 Budget receipts by source and outlays by agency: Receipts (net), total mil $ '600,562 1 666,457 55,209 68,019 52,251 51,494 62,404 70,454 54,021 49,606 94,593 39,794 72,151 57,970 55,776 Individual income taxes (net) do.... ' 288,938 1 295,955 25,820 31,541 25,692 24,792 27,054 37,921 23,769 15,254 51,602 3,611 34,764 26,252 25,770 Corporation income taxes (net) do . . . . 1 37,022 1 56,893 800 11,891 937 1,122 11,531 2,779 1,753 8,417 8,855 1,230 10,788 1,892 1,078 Social insurance taxes and contributions (net) mil $ 1 208,994 1 241,902 21,932 18,639 19,039 19,524 18,127 23,326 23,080 20,551 28,032 28,423 21,049 22,853 22,943 Other do 1 65,609 1 7 1,706 6,657 5,948 6,582 6,056 5,693 6,428 5,419 5,385 6,103 6,530 5,549 6,974 5,985 Outlays total # do ' 795,916 '841,800 88,707 51,234 81,037 79,956 77,583 76,838 74,851 78,067 82,228 80,245 71,506 '78,012 83,621 Agriculture Department do 1 46,384 '37,482 2,760 2,496 4,602 4,175 5,057 5,634 3,959 3,874 5,159 3,222 3,053 3,822 3,872 Defense Department, military ... do 1 205,011 '220,805 19,533 18354 18,707 20,249 19,519 18,912 19,216 21,039 19,597 21,491 20,247 21,478 22,580 Health and Human Services Department . mil $ 1 276,453 '292,224 39,825 7,428 26,348 25,346 25,844 25,748 25,657 25,805 26,671 27,445 27,362 27,104 27,112 Treasury Department do.... 1 116,248 '140,964 11,827 10,572 11,834 12,406 21,304 11,941 12,538 11,376 13,000 13,015 22,318 11,942 12,997 National Aeronautics and Space Adm do 1 6,664 '7,048 627 502 802 629 609 548 617 642 608 606 537 571 553 Veterans Administration do ... ' 24,816 '25,596 3,280 932 2,104 3,346 2,388 925 2,214 2,291 2,290 3,202 904 2,320 3,408 GOLD AND SILVER: Gold: Monetary stock, U.S. (end of period) mil $ 11,121 11,096 11,098 11,097 11,096 11,096 11,096 11,095 11,093 11,093 11,091 11,091 11,090 11,090 11,090 11,090 Price at New York $$ dol. per troy oz . 423.828 360.287 347.693 340.913 340.109 340.861 319.739 302.791 298.816 303.943 324.902 316.073 316.490 317.802 330.234 322.624 Silver: Price at New York $$ dol. per troy oz. 11.441 8.141 7.613 7.263 7.317 7.488 6694 6.098 6.069 6.014 6.458 6.280 6.172 6.104 6.247 6.054 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-15 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and IT ., methodological notes are as shown in units BUSINESS STATISTICS: 1982 1983 1984 Aug. Bt Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. FINANCE—Continued MONETARY STATISTICS Currency in circulation (end of period) bil. $.. J1719 1838 1753 1838 1792 185.9 Money stock measures and components (averages of daily figures): t Measures (not seasonally adjusted): t Ml bil. $ 5098 5450 5450 5485 5482 5559 5704 5683 5586 5649 5816 5762 5923 599.1 r601.5 608.4 M2 do 21102 2277 5 22877 2298 8 2 3166 2 3444 23767 2 404 2 2 414 5 r2 429 9 r2 439 6 r2 441 0 r2 476 7 r2 496 6 r2 507 0 25170 M3 do 25899 28488 28748 28909 29206 29604 3 002 2 30242 3 034 3 r3 057 6 r3 068 5 r3 073 9 r3 105 7 r31164 r3 132 6 3,151.6 L (M3 plus other liquid assets) do 30263 33674 34148 34416 34690 35022 35409 35668 35899 r3 627 5 r3 637 3 r3 635 1 36724 3,688 5 Components (not seasonally adjusted): Currency do 1420 1543 156 5 156 5 1567 1587 1609 158 3 158 6 159 8 161 2 1632 1652 1668 1677 1676 Demand deposits do 2420 2465 2438 246 1 2458 2489 2574 2549 244 9 2463 2551 2514 2598 2622 2609 265.4 Other checkable deposits ft do.... 121.2 139.2 138.9 140.5 140.8 143.4 147.2 150.1 150.1 153.6 160.1 156.2 161.3 163.5 166.4 169.2 Overnight RP's and Eurodol- lars A do 495 570 585 567 568 580 576 629 696 r681 r594 r641 r630 r626 r660 665 General purpose and broker/dealer money market funds do.. 1453 1504 1506 152 1 1556 1620 1675 171 9 1751 1776 1762 1722 1754 175.8 176.7 176.4 Money market deposit ac- counts * . do 3430 3959 3889 3886 3920 4024 4151 4337 4483 4579 4603 4638 4751 4839 491 8 496.2 Savings deposits do.. 3176 2982 2957 2926 2917 2888 2863 2869 2869 2888 2902 2918 2958 299.4 r299.5 299.6 Small time deposits @ do.... 752.0 8382 8558 8674 879.4 8845 8870 8884 8836 8800 879.4 880.8 883.2 884.0 r879.6 878.1 Large time deposits @ do 3083 3789 395 1 3979 407 1 4112 4169 417 1 4188 4230 4238 r4261 4232 r4192 r4245 4303 Measures (seasonally adjusted): $ Ml do. 5489 551 5 5483 5538, 5585 5627 5694 5721 5749 5816 591 2 5958 r6059 611.7 M2 do.. 22928 23084 23193 23463 2371 7 23989 24210 r2 429 6 r2 427 7 r2 445 0 r2,473 0 r2,490.5 r2,513.7 2,528.4 M3 do 28788 2901 0 29251 2959 9 29950 3020 5 3 041 0 r3 055 9 r3 056 6 r3 076 0 r3 103 0 r3 114 2 r3 137 8 31634 L (M3 plus other liquid assets) do 3421 6 34521 34735 35018 35394 35620 35934 r3 621 2 r3 623 1 r3 640 2 3669 1 36865 Components (seasonally adjusted): Currency do.. 1559 1568 157 1 1579 1587 1594 1605 161 3 1617 163 1 164.5 165.4 167.1 167.9 Demand deposits do 2468 247 5 2445 2468 2486 249 1 2517 251 9 2525 2558 2607 2609 r2640 2668 Other checkable deposits * . do 1410 1422 1418 1439 1460 1490 1518 1536 1553 1573 1603 1636 1689 171.2 Savings deposits do 2965 2946 2926 2907 2886 2886 2894 2886 2878 2893 r2920 2960 3003 301.6 Small time deposits @ do.. 8550 8645 8727 8785 8856 8819 8776 8786 8853 8920 8942 888.6 878.6 875.1 Large time deposits @ do.. 3926 3960 4052 4107 4162 4169 4193 4236 427.3 4282 424.2 r419.9 r421.3 428.1 PROFITS AND DIVIDENDS (QTRLY.) Manufacturing corps. (Bureau of the Census): Net profit after taxes, all indus- tries mil $ 85834 107 648 25670 24 337 22587 23678 Food and kindred products do 9436 9760 2343 2482 1942 2'366 Textile mill products . do 1599 1 635 363 309 191 254 Paper and allied products . . do. 2327 3015 951 493 718 874 Chemicals and allied products do. . 11644 13883 3586 2619 3,179 3,479 Petroleum and coal products do. 19297 17 154 3633 3854 4 195 1,945 Stone clay and glass products do 1 002 1870 614 482 113 588 Primary nonferrous metal do 288 84 105 713 12 218 Primary iron and steel . do 3746 379 264 394 277 395 Fabricated metal products (except ordnance, machinery, and transportion equipment) mil $ 2693 4646 1209 1065 899 1,021 Machinery (except electrical) do.. 7,680 11963 3280 3 181 1,822 2,592 Electrical machinery, equipment, and supplies . ... do 6367 8616 2088 2345 1 899 1,694 Transportation equipment (except motor vehicles, etc.) mil. $.. 3,011 4,117 843 1 117 1,032 1,132 Motor vehicles and equipment do 7 168 10575 1382 2612 2202 2,873 All other manufacturing in- dustries do..., 17,644 20,877 5537 4885 4,660 5,473 Dividends paid (cash), all indus- tries do. 41624 45102 10567 12143 10,987 10,906 SECURITIES ISSUED @@ Securities and Exchange Commission: Estimated gross proceeds total mil $ 103 750 89 066 8 864 6 846 10 149 6 690 7 122 7 402 6 605 7 638 9 563 10 633 11 389 12882 By type of security: 49 264 59 613 6633 4 220 7 321 4 129 5 047 4 S82 3 310 4 061 6 440 1-5799 rl 139 7 568 Common stock .... do 45248 22049 1799 2221 1 476 1 907 1984 2302 3077 2917 2587 r3072 r3,524 3,787 Preferred stock do 7689 4215 333 155 555 654 91 170 218 461 387 609 r726 631 By type of issuer: Corporate, total # mil $ 102 200 85878 8765 6 597 9352 6 690 7 123 6854 6605 7439 9414 r9480 11,389 11,986 Manufacturing do 22836 14442 2892 748 3577 510 1259 1248 1760 851 752 r!961 r2,933 3,437 r 79 Extractive (mining) do 8580 5 513 316 320 348 701 204 71 623 16 717 168 r655 Public utility do 12741 7 517 299 1 024 1 138 758 641 420 362 696 942 1320 504 486 Transportation do 4004 1 639 183 288 151 66 71 175 182 162 782 333 605 0 5 528 2 162 122 9 308 400 479 644 141 15 55 r270 r250 99 Financial and real estate do.... 35,714 45,119 3,840 3,480 2,685 3,602 3,952 3,699 2,802 4,171 4,603 r4,452 r4,797 5,819 State and municipal issues (Bond Buyer): Long-term do . 83348 101 882 10096 8780 12,678 13,435 17 181 5,459 7,378 8,900 10,582 12,691 10,921 12,337 12,727 9,784 Short-term do 35849 31068 2520 2025 1999 383 1041 707 568 625 4,685 751 2,805 5,054 '615 1,065 SECURITY MARKETS Stock Market Customer Financing Margin credit at brokers, end of year or month mil $ 23000 22470 22810 22800 22330 22350 22470 22090 22970 23,230 23,900 24,300 25,260 25,220 25,780 Free credit balances at brokers: Margin accounts do 6 620 7 015 6855 6 690 6 580 6700 7 015 6770 6680 6780 6910 6865 7 300 7,000 6,460 Cash accounts do 8430 10215 8 185 8315 8650 8420 10215 9725 9840 10 155 9,230 9,230 10,115 9,700 9,440 Bonds Prices: Standard & Poor's Corporation: High grade corporate: Composite § dol. per $100 bond 412 Domestic municipal (15 bonds) do 514 47.9 484 477 469 47.2 48.0 50.9 50.3 49.6 51.3 53.6 55.3 54.6 52.9 51.9 Sales: New York Stock Exchange, exclusive of some stopped sales, face value, total mil. $ 7,572.32 6,982.29 593.47 495.72 651.67 625.38 625.60 813.58 689.39 640.78 700.85 876.17 864.36 844.56 713.33 551.78 See footnotes at end of tables. S-16 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 methodological notes are as shown in units Aug. Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July FINANCE—Continued Bonds — Continued Yields: Domestic corporate (Moody's) percent 1278 1 13 49 1378 1356 '1333 1288 1274 1264 1266 13 13 1289 1247 1170 11.69 11.76 11.75 By rating: Aaa do 12 04 '1211 12 87 1266 ;12 63 1229 12 13 1208 12 13 1256 1223 11 72 1094 1097 1105 11.07 Aa do 1242 1331 1347 1327 13 11 1266 1250 1243 1249 1291 1269 1230 1146 1142 1147 11.46 A do 13 10 1374 1413 1394 1361 1309 1292 1280 1280 1336 13 14 1270 1198 11.92 12.00 11.99 Baa do 1355 14 19 1463 1435 1394 1348 1340 1326 1323 1369 1351 13.15 12.40 12.43 12.50 12.48 By group: Industrials do 1225 1321 1361 1342 13 10 1261 12.51 12.41 12.32 12.60 12.37 12.04 11.48 11.49 11.57 11.55 Public utilities do 1331 1 14 03 1429 14 04 '1368 1315 1296 1288 1300 1366 1342 1289 11 91 1188 1193 11.95 Railroads.... do 1208 1307 1382 1368 1344 1302 1269 1262 1238 1257 1260 1239 1181 1163 11.56 11.63 Domestic municipal: Bond Buyer (20 bonds) do.... 9.52 10.12 10.17 10.15 10.11 10.04 9.87 9.37 9.71 9.75 9.37 8.81 8.80 9.01 9.09 9.33 Standard & Poor's Corp. (15 bonds) do 948 1015 1003 1017 1034 1027 1004 955 966 979 948 908 878 8.90 9.18 9.37 U.S. Treasury bonds, taxable $ do.... 10.84 11.99 12.23 11.97 11.66 11.25 11.21 11.15 11.35 11.78 11.42 10.96 10.36 10.51 10.59 10.67 Stocks Prices: Dow Jones averages (65 stocks) 47224 463 10 47005 472.11 47453 480.59 478.54 501.53 522.80 514.75 513.03 523.56 542.53 557.59 549.77 541.18 Industrial (30 stocks) 1,190.34 1,178.48 1,212.82 1,213.51 1,199.30 1,211.30 1,188.96 1,238.16 1,283.23 1,268.83 1,266.36 1,279.40 1,314.00 1,343.17 1,326.18 1,317.95 Public utility (15 stocks) 12998 13177 12823 13283 14084 14475 14616 14789 14978 14897 15496 15992 16429 16387 15730 154.54 Transportation (20 stocks) 54461 51385 51786 516 18 52336 52892 539.64 58495 626.64 60840 59059 611.86 648.66 685.75 683.94 660.91 Standard & Poor's Corporation: § Combined index (500 Stocks) 194143=10.. 160.41 160.46 164.42 166.11 164.82 166.27 164.48 171.61 180.88 179.42 180.62 184.90 188.89 192.54 188.31 184.06 Industrial, total (400 Stocks) # do.... 180.49 18126 186.86 188.10 185.44 186.57 183.62 191.64 202.13 200.42 201.13 204.83 208.50 212.90 209.40 205.15 Capital goods (105 Stocks) do.... 171.62 171.84 175.77 178.04 174.36 175.37 170.86 180.57 192.22 184.17 182.94 184.43 183.59 190.61 189.60 184.53 Consumer goods (191 Stocks) do.... 150.77 150.87 155.47 157.28 155.92 158.34 157.41 163.71 171.99 174.01 177.40 178.55 188.71 190.30 185.93 182.75 Utilities (40 Stocks) do 6487 6798 6811 6971 7202 7358 74.43 7583 78.14 7889 8125 83.60 8690 87.22 83.21 81.46 Transportation (20 Stocks) <>•• 1982=100... 147.05 136.77 138.37 138.71 137.90 137.99 139.40 150.95 160.52 154.61 152.12 159.45 167.10 177.97 174.45 168.07 Railroads (6 Stocks) 1941-43 = 10.. 108.46 101.40 100.83 103.03 101.35 101.47 102.16 111.65 120.18 114.15 113.56 117.19 121.48 130.00 125.85 123.58 Financial (40 Stocks) 1970-10.. 18.70 16.99 16.65 17.43 17.62 18.10 18.27 19.49 21.09 20.61 21.00 22.49 23.04 23.19 22.07 21.06 New York City banks (6 Stocks) 1941-43 = 10... 69.23 63.82 60.23 64.64 64.79 66.78 70.43 76.05 83.13 79.70 83.55 87.14 89.24 90.93 85.57 79.73 Banks outside NYC (10 Stocks) do .... 113.16 95.21 86.67 92.49 93.27 95.30 93.52 98.85 104.71 101.00 101.61 107.04 107.43 106.55 100.10 94.28 Property-Casualty Insur- ance (5 Stocks) do 181 16 181 26 17250 184 11 18436 18720 19345 20181 22667 22255 23030 25456 25992 25713 25040 243.24 N.Y. Stock Exchange common stock indexes: Composite 12/31/65=50.. 92.63 92.46 94.49 95.68 95.09 95.85 94.85 99.11 104.73 103.92 104.66 107.00 109.52 111.64 109.09 106.62 Industrial do 10745 10801 111 20 11218 110 44 11091 10905 11399 12071 11964 11993 12188 124 11 12694 12492 12235 Transportation do 8936 8563 8686 8688 8682 8737 8800 9488 10176 9830 9647 9966 10579 111 67 10992 104.96 Utility do 4700 4644 46 49 4747 49 02 4993 5058 51 95 5344 53 91 55 51 5732 5961 5968 5699 5593 Finance. do 9534 8928 8792 9159 9294 9528 9529 101 34 10958 10759 10939 11531 11847 11985 11468 11021 Yields (Standard & Poor's Corp.): Composite (500 stocks) percent 440 464 462 454 462 461 468 451 430 437 437 431 421 4 14 423 Industrials (400 stocks) do .... 4.04 4.05 4.01 3.96 4.05 4.07 4.15 3.99 3.80 3.87 3.87 3.84 3.75 3.67 3.73 Utilities (40 stocks) do 924 948 953 931 9 03 885 876 860 835 837 831 814 784 784 8 18 Transportation (20 stocks) do 285 322 330 325 326 326 324 306 292 306 309 302 285 267 274 Financial (40 stocks) do 479 535 550 526 5 15 498 496 469 432 4 47 441 4 15 404 402 423 Preferred stocks, 10 high-grade do .... 11.02 11.62 11.77 11.65 11.62 11.36 11.59 11.13 10.88 10.97 10.75 10.60 10.05 9.92 10.15 10.26 Sales: Total on all registered exchanges (SEC): Market value mil $ 957 139 959 207 106 265 69035 85527 81255 74500 91876 103 355 101 193 84947 104 175 97060 106,150 Shares sold millions 30146 30456 3404 2215 2718 2375 2515 3005 3266 3 116 2610 3205 2875 3,208 On New York Stock Exchange: Market value mil $ 815113 822 714 91 828 58945 73 620 69 759 63 182 77 145 88232 85371 72354 89 154 83238 91 129 Shares sold (cleared or set- tled) . . millions 24253 25150 2 848 1 817 2 265 1 938 2 048 2 432 2666 2497 2094 2641 2373 2653 New York Stock Exchange: Exclusive of odd-lot and stopped stock sales (sales effected) . millions 21590 23071 2528 1769 2 109 1 758 1781 2674 2 194 2 154 1982 2350 2117 2,463 1,924 1,860 Shares listed, NYSE, end of period: Market value, all listed shares bil. $ .. 1,584.16 1,586.10 1,589.04 1,585.23 1,582.58 1,552.51 1,586.10 1,705.61 1,721.93 1,716.16 1,709.41 1,804.24 1,812.38 1,800.46 1,778.90 1,702.80 Number of shares listed millions.. 45,118 49,092 48,806 48,828 48,892 48,915 49,092 49,360 49,485 49,756 49,921 50,128 50,971 51,361 51,493 51,605 FOREIGN TRADE OF THE UNITED STATES VALUE OF EXPORTS Exports (mdse.), incl. reexports, total @ mil $ 200 537 7 217 888 1 17 311 7 17 601 1 18 611 5 18 1750 19 135 7 18 672 9 17 143 3 20 330 0 17 972 5 18 337 2 18 012 0 16 726 4 16 584 3 Excl. Dept. of Defense shipments. . do 200 485 8 217 865 2 17 309 6 17 599 4 18 609 4 18 174 1 19 135 3 18 672 3 17 141 8 20 328 4 17 969 9 18 336 5 18 010 1 16 725 2 16 583 7 Seasonally adjusted do 18 122 9 18 209 9 184109 18 394 7 19 142 4 19 401 3 17*853 3 18 446 4 17 778 9 17 414 3 17 437 8 17,411 5 17,423 2 By geographic regions: Africa do 8767 7 88266 727 6 8854 6307 621 0 783 9 617 4 699 3 7763 634 5 754 8 662 2 5761 5259 Asia do 63 813 4 64 532 6 52781 4 914 9 5 257 4 53259 60074 5 687 4 47372 59913 48290 50880 50434 51509 46642 Australia and Oceania do 4,826 5 57445 3858 5237 5125 5540 3925 7026 4326 5086 5168 5065 4130 689.8 5178 Europe do 58 871 0 62 207 1 46199 5 091 1 5409 4 5 197 5 5 659 0 5 346 9 5 149 6 6 100 6 51289 5 1692 45592 42345 45017 Northern North America do 38 245 3 46 526 2 37123 36456 40208 3944 4 34951 37797 37067 42462 4 1720 44679 45739 37212 35021 Southern North America do 15 204 8 18 632 6 16151 1 5384 17451 1 5425 17098 16705 l'592 0 17649 1787 1 13988 18599 13538 19092 South America do 10,520 0 11,049 8 9488 944 1 9951 9476 10264 8505 8249 9416 8650 9146 8779 985.8 8640 By leading countries: Africa: Egypt do 2,812 8 27042 2964 3106 2045 168 1 1759 1702 2785 2378 1942 2495 1843 181 1 101 2 Republic of South Africa do .... 2,129.4 2,265 2 1776 1510 1518 1448 1421 1473 935 141 2 919 1056 958 939 932 Asia; Australia and Oceania: Australia, including New Guinea do 40379 4 8458 3202 4563 432 5 479 8 318 0 598 8 364 7 433 9 446 5 442 6 353 9 6020 440 1 Japan do 21 894 3 23 575 0 19063 1 767 6 18723 2 143 7 2 1422 2 1000 18236 2 3287 1 7327 1 814 5 1 750 6 1 845 2 1 7429 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-17 Unless otherwise stated in footnotes Annual 1984 1985 methodological notes are as shown in BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. FOREIGN TRADE OF THE UNITED STATES—Continued VALUE OF EXPORTS— Continued Exports (mdse.), incl. reexports — Continued Europe: France mil $ 5961 3 60367 467 5 464 0 536 5 480 6 494 1 548 9 483 2 611 3 4877 5663 4653 407 1 4625 German Democratic Republic do.... 1390 1369 72 61 70 121 208 149 128 1 1 9 31 5 40 .3 Federal Republic of Germany do 87367 90836 644 6 7254 759 0 831 9 744 2 792 6 777 8 923 1 7587 767 5 7432 6381 6925 Italy do 39075 4 374 9 324 9 326 2 313 9 3028 434 7 393 5 381 3 440 2 487 2 476 9 3513 3547 3084 Union of Soviet Socialist Re- publics do 2 0029 3 283 9 260 6 361 8 318 3 383 8 426 5 348 6 3150 324 2 3089 2957 77 8 43 g 673 United Kingdom do 10 621 2 12 209 7 1 021 4 1 038 4 1 2057 979 9 1 036 0 1 0324 974 6 1 410 2 963 9 935 2 854 9 831 4 7844 North and South America: Canada do 38 244 1 46 524 3 37122 36455 4 0207 3 944 3 3 4950 3779 6 3 706 6 4 246 2 4 1717 4 467 5 45705 37209 35020 Latin American Republics, total # do 22 618 4 26 301 7 2 284 1 2 172 3 2 4407 2 200 4 2 404 0 2 241 6 2 1833 2447 0 2403 1 2053 6 2 513 6 2045 8 25358 Brazil do 2557 1 26397 253 0 231 7 265 8 2557 261 0 277 4 2258 259 6 237 4 210 8 243 4 223 4 2468 Mexico do 90816 11 992 1 1 054 8 957 5 1 1537 1 0063 1 122 5 1 135 4 1 117 1 1 2609 1 2367 863 3 1 377 3 8203 14057 Venezuela do 28113 33772 2392 293 1 2820 2917 3308 244 4 2577 2502 2753 340 3 2788 3347 271 5 Exports of U.S. merchandise, total § . do 195 969 4 212 057 1 16 853 9 17 100 0 18 086 1 17 637 3 18 616 1 18 123 6 16 647 6 19 765 0 17 491 5 17 816 0 17 432 6 16 172 2 16 106 1 Excluding military grant-aid do 195 917 5 212 034 2 16 851 8 17 098 3 18 084 0 17 636 4 18 615 7 18 123 0 16 646 1 19 763 4 17 488 9 178153 17 430 7 16 171 0 16 105 5 Agricultural products, total do.... 36 107 7 37 813 9 25867 29164 28607 35276 35654 3 1423 29901 28010 27028 21105 20542 1801 6 19828 Nonagricultural products, total do . . . . 159,861.6 174,243.2 14,267.2 14,183.6 15,225.4 14,109.7 15,050.7 14,981.3 13,657.5 16,964.0 14,788.7 15,705.5 15,378.4 14,370.5 14,123.3 By commodity groups and principal commodities: Food and live animals # mil $ 24 166 0 24 462 6 1 985 3 2355 1 2011 4 2 100 2 2 099 2 1 937 2 1 732 0 1 694 8 1 665 3 1 4550 1 489 1 1 4454 1 491 0 Beverages and tobacco . do 28130 28494 146 0 231 1 3250 4053 313 5 2238 2632 2786 2472 147 5 1249 1590 2916 Crude materials, inedible, exc. fuels # do 18 596 0 20 248 9 1 376 3 1 211 1 1 3960 1 827 1 1 956 8 1 729 0 1 634 5 1 676 2 1 594 5 1 317 2 1 284 4 1 141 3 12254 Mineral fuels, lubricants, etc # do 94999 93105 8776 8196 757 1 7123 9728 804 3 785 5 753 9 7384 837 2 7078 7599 9336 Oils and fats, animal and vege- table do 1 459 0 19222 111 9 1438 139 4 1553 167 2 137 5 160 4 131 4 107 6 106 4 1297 1313 992 Chemicals do 19 750 9 22 336 3 18874 18646 1 947 1 17583 18374 1 937 1 1 817 8 1 958 1 17676 1 882 6 17774 17806 18596 Manufactured goods # do 14 852 0 15 139 9 1 2596 12448 12777 1 191 6 1 1851 1 2160 1 102 3 1 2893 12393 1227 1 1*279 8 1 119 0 1 1740 Machinery and transport equipment, total mil $ 82 577 8 89 972 7 6 855 1 72148 7 9350 7 470 6 79738 7 986 6 7 126 9 9 4687 79645 8 5554 83576 74148 69807 Machinery, total # do 54 308 5 60 317 5 49059 48197 55043 4 814 3 50390 5 1918 4 581 9 58773 49549 5344 5 52340 46655 46967 Transport equipment, total . do 28 269 3 29 655 2 19492 23951 24307 26563 29349 27948 25450 3591 4 30096 32109 31236 27494 22840 Motor vehicles and parts do.... 14 462 8 17 547 9 1241 6 1 3937 14708 1 5688 13795 1 5433 1 5482 17685 17762 18199 1841 1 14198 13387 VALUE OF IMPORTS General imports, total .... do 1 258 047 8 325 725 7 27 042 6 27 852 6 27 530 0 27 295 6 24 362 6 28 835 8 25 941 2 28 724 7 28 571 7 29 302 1 30 135 5 27 000 3 26 247 3 Seasonally adjusted do 26 866 3 28 409 4 26 782 7 27 331 3 25 933 1 28 296 9 27 984 7 28 129 2 28 295 3 28 684 8 29 424 8 26 630 2 26 083 3 By geographic regions: Africa do ' 14 424 6 14 354 9 1 2008 1 164 2 1 186 4 1 025 5 861 8 831 4 889 3 6467 1 209 2 1 208 1 1 159 3 9127 9839 Asia.. do '914635 120 132 2 10 680 8 10 509 8 10 702 2 9 637 0 8 294 4 11 359 2 9 656 8 10 935 2 10 660 4 10 948 3 11 091 8 10 558 7 10 469 6 Australia and Oceania do.... 1 3,043.5 3,558.0 287.8 278.2 379.4 335.8 295.5 357.9 235.5 286.5 326.3 314.0 324.3 451.0 313.5 Europe do 1 55 243 0 73 306 7 60997 63059 56495 64183 57185 70020 57368 67545 64453 72362 73152 62740 6 1304 Northern North America do '55 1496 66 496 3 49142 55878 5591 1 60035 5527 1 53198 55489 60756 5977 5 60424 62924 5074 1 48157 Southern North America do.... 1 25 7310 26 833 7 2 1284 2 1360 22484 22357 1 9859 20758 22123 22668 24621 18681 23134 22319 1 9523 South America do ' 15 991 9 21 043 0 1 730 8 1 870 6 1 7729 1 639 6 1 679 4 1 889 7 1 661 6 1 759 3 1 490 9 1 6850 1 639 1 1 497 8 1 581 8 By leading countries: Africa: Egypt . . do '3027 169 5 69 27 6 5 2 12 2 1 7 6 7 50 29 4 0 14 1 31 0 24 20 Republic of South Africa do ' 2 027 3 24877 184 4 1879 1356 170 0 134 9 140 2 221 5 153 5 1874 152 6 1603 1829 1665 Asia; Australia and Oceania: Australia, including New Guinea mil $ 1 2 247 5 27028 2140 2076 299 2 271 1 220 7 291 7 168 8 210 2 2237 2238 2495 3647 2202 Japan do '41 1832 57 135 0 50846 4 940 1 50750 45882 4 150 l 59688 47998 57249 59310 57192 5824 1 54183 5,444.2 Europe: France do 1 6 025 0 8 1130 712 9 771 5 546 6 662 4 686 4 909 2 5559 762 0 745 2 1 0459 851 8 6702 6757 German Democratic Republic do '58 1 1489 129 159 16 8 19 8 20 9 13 9 13 3 10 1 11 6 67 46 52 52 Federal Republic of Germany do.... 1 12,695.3 16,995.9 1,270.4 1,593.7 1,316.5 1,467.5 1,325.8 1,836.8 1,426.5 1,774.6 1,690.0 1,656.4 1,680.6 1,480.1 1,488.4 Italy do 1 5 455 3 7 934 5 781 3 771 2 597 4 678 0 628 4 759 7 678 6 836 1 767 3 807 2 8168 7726 8035 Union of Soviet Socialist Re- publics do '346 5 554 2 80 6 45 9 43 1 64 6 73 0 39 3 47 4 28 3 26 1 460 56 6 25 1 129 United Kingdom do 1 12 469 6 14 491 6 1 165 4 1 144 7 1 231 9 1 320 9 1 153 1 1 141 0 1 037 4 1 029 1 1 098 2 1 242 6 14472 1 297 1 1 2332 North and South America: Canada do. 1 52 129 7 66 478 1 49138 55858 55910 6001 5 55259 5 319 1 55485 60753 59762 6041 7 62918 5073 1 4813.7 Latin American Republics, total # do 1 35 682 9 42 340 6 3399 1 35589 3 603 3 3 429 4 3 274 1 3 4854 34272 37413 37151 33140 36802 34487 33092 Brazil do 7 4 946 1 76210 7268 6823 6648 658 1 723 4 751 5 6254 6339 5155 6501 6297 5549 6382 Mexico do .... 1 16 776 1 18 020 0 14104 1 4653 1 5808 1 5575 1 3509 13033 1 501 6 16982 19370 1 3275 17196 17080 1 4610 Venezuela do 1 4 938 1 6 542 8 507 0 580 1 574 2 470 3 544 2 481 6 502 8 535 8 466 3 506 3 507 1 4304 454 2 By commodity groups and principal commodities: Agricultural products, total. .. . mil $ 1 16 534 1 19 765 5 1 5847 1 6288 16848 14838 1 536 1 17965 17013 19699 1 6648 17267 16943 1 438 1 1,507.8 Nonagricultural products total do '241 513 7 305 960 3 25 457 9 26 223 8 25 845 2 25811 8 22 826 6 27 039 3 24 239 9 26 754 9 26 906 9 27 575 4 28 441 3 25 562 1 24 739 5 Food and live animals # .. . do '154117 17 972 8 1 411 1 14960 1 6099 1 3568 1 4407 1 647 5 1 5704 18682 1 5203 1 5834 1 565 1 13644 13996 Beverages and tobacco do ' 3 407 6 36534 299 8 306 5 314 3 348 4 278 0 284 9 2467 259 5 2832 3360 3472 2767 3194 Crude materials, inedible, exc. fuels # do 1 9 590 1 11 081 7 868 1 1 014 4 867 0 894 7 855 9 842 0 8662 976 7 8509 8897 9154 8738 8499 Mineral fuels, lubricants, etc do... '57,952.2 60,979.8 4,886.0 4,663.4 5,168.0 5,207.2 4,671.9 4,434.1 3,988.5 3,351.1 4,875.8 4,748.2 5,087.8 4,146.4 3,936.8 Petroleum and products do... '52,325.2 55,906 1 45799 43333 4,788 3 47950 4 1046 39729 35227 29337 4,452 6 4,4147 4,750.2 3,839.5 3,684.3 Oils and fats, animal and vege- table do '4950 6960 69 1 648 662 563 580 67 5 51 6 548 455 61 7 508 650 647 Chemicals do... '10,779.4 13,697.4 1,092.7 1,254.8 1,081.9 1,113.0 1,131.7 1,143.4 1,140.3 1,318.7 1,117.4 1,447.3 1,373.2 1,085.4 1,018.7 Manufactured goods # do ' 34 833 1 46 144 7 3 949 2 4 032 6 3 832 1 3 835 0 3 341 8 4 006 5 36129 4 121 7 36769 38005 4065 1 36008 3661 5 Machinery and transport equipment do '86 131 1 119 1917 98167 10 302 1 10 144 6 9882 1 89164 11 655 9 10 047 5 117314 11 848 6 11 632 2 11 922 1 10 300 2 10,179 3 Machinery, total # do... '46,974.9 68,389.9 6,007.7 6,141.8 6,022.4 5,700.2 5,022.0 6,658.7 5,448.3 6,711.3 6,556.3 6,091.0 6,186.2 5,765.3 5,852.1 Transport equipment do '39 1562 50 801 8 3 809 0 4 1603 4 1223 4 181 9 38943 4997 2 45993 5020 0 52922 5 541 2 57359 45348 43273 Motor vehicles and parts do ' 35 034 1 454122 34108 36653 37368 38283 34779 4 412 2 42040 45019 46627 48224 51445 40947 3941 5 See footnotes at end of tables. 488-341 0 - 85 - S2 : QL 3 S-18 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ., .f methodological notes are as shown in umis BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. FOREIGN TRADE OF THE UNITED STATES—Continued Indexes Exports (U.S. mdse., excl. military grant-aid): Unit value 1977 — 100 154 1 156 2 156 0 156 3 156 5 154 8 154 7 156 3 1574 1574 1564 1576 157 5 1564 1544 Quantity do 107 8 1151 109 9 111 3 117 6 1159 1225 1180 1077 1278 1138 1150 1126 1052 105.3 Value do 1662 1798 171 5 1740 184 1 1795 1895 1844 1694 2012 1780 181 3 1774 1646 162.6 General imports: Unit value do 1606 1635 1645 1646 1648 1637 1630 1604 1602 1596 1592 160.1 158.4 158.4 159.1 Quantity do 110 3 1367 135 3 139 3 1376 137 3 1224 1480 1333 1482 1478 1506 1567 1404 1359 Value . . do 177 1 2235 2227 2294 2267 2248 1996 237 5 2136 2365 2353 241 2 2482 2223 216.1 Shipping Weight and Value Waterborne trade: Exports (incl. reexports): Shipping weight thous sh tons 361 404 374 689 31 630 34 130 29 794 31498 34648 32092 28 196 28864 28950 Value mil $ 100 651 101 803 8099 8216 8259 8534 9 186 8333 7655 8231 7853 General imports: Shipping weight thous sh tons 1 366 426 413 092 35268 34778 34889 33924 31 730 34255 28,169 26394 32949 Value mil. $.. '155,311 191,113 16,477 16,362 16,179 15,230 13,920 17,597 14,951 16,458 16,968 TRANSPORTATION AND COMMUNICATION TRANSPORTATION Air Carriers Certificated route carriers: Passenger-miles (revenue) bil 281 83 2 304 46 2996 24 41 2486 2347 2466 2346 21 81 2826 2739 2872 2997 3285 Passenger-load factor percent 2607 592 654 579 58 1 573 574 552 566 674 637 650 706 658 Ton-miles (revenue) total mil 35756 238615 3693 3 103 3211 3056 3 159 2905 2,746 3446 3332 3,486 3606 3,908 Operating revenues (quarterly) # § mil $ 38593 2 43 790 11 680 10766 Passenger revenues do 32 728 2 36 978 9 894 9048 Cargo revenues do 2654 2 2 952 666 756 Mail revenues do 668 705 164 199 Operating expenses (quarterly) § do 38231 241 662 10776 10425 Net income after taxes (quarterly) §... .do 292 2 747 449 75 Domestic operations: Passenger-miles (revenue) bil 22691 2 243 10 2327 1869 1986 1936 2024 1924 1831 2404 2278 2293 2304 2543 Cargo ton-miles mil 3385 2 3 553 310 286 307 290 260 229 230 264 252 260 253 257 Mail ton-miles.. . . do 1 065 1 159 93 88 96 97 134 96 93 108 99 99 92 88 Operating revenues (quarterly) § mil $ 31014 2 35 373 9 154 8,827 Operating expenses (quarterly) § do 31 186 2 33 787 8585 8518 Net income after taxes (quarterly) § do 644 2416 212 59 International operations: Passenger-miles (revenue) bil 54 92 261 36 6 69 572 5 00 4 12 4 42 422 350 422 461 579 693 742 Cargo ton-miles mil 2708 2999 260 258 285 275 242 200 212 213 210 221 230 245 Mail ton-miles do 415 457 35 33 37 46 57 34 32 35 33 34 34 33 Operating revenues (quarterly) § mil $ 7 163 2 7 872 2378 1 840 Operating expenses (quarterly) § do 6693 27378 2066 1 814 Net income after taxes (quarterly) § do 314 287 222 8 Urban Transit Systems Passengers carried, total mil 7859 8030 670 636 731 679 653 656 646 719 713 701 652 641 672 Motor Carriers Carriers of property, large, class I, qtrly.: Number of reporting carriers 100 100 100 100 100 Operating revenues total mil $ 16382 217 413 4 421 4 587 4089 Net income, after extraordinary and prior period charges and credits .. mil $ 353 2412 108 112 34 Tonnage hauled (revenue), common and contract carrier service mil tons 164 161 40 41 35 Freight carried— volume indexes, class I and II intercity truck tonnage (ATA): Common carriers of general freight, seas adj 1967 — 100 1359 144 0 1450 141 8 144 7 147 0 144 3 141 1 1365 1389 1375 1364 1332 1312 P135.3 Class I Railroads * Financial operations, quarterly (AAR), excluding Amtrak: @ Operating revenues total 4t mil $ 26732 29459 7415 7048 7002 7,068 Freight do 25836 2 28 478 7 167 5809 6,774 6,840 Passenger excl Amtrak do 107 101 25 25 25 26 Operating expenses do 24971 25804 6352 6363 6,381 6,154 Net railway operating income do 1762 23655 731 685 390 646 Ordinary income t do 1 233 2659 769 488 418 640 Traffic: Revenue ton-miles, qtrly. (AAR).... bil 8283 921 8 2340 2217 2205 223.4 P218.1 Price index for railroad freight 12/84 = 100... 95.0 99.3 99.4 99.4 99.9 99.9 100.0 100.0 100.0 100.0 100.0 100.0 99.9 99.8 99.8 99.8 Travel Lodging industry: Restaurant sales index same month 1967 — 100 3 202 3 213 203 215 222 207 217 169 201 234 203 247 227 Hotels' Average room sale Q. .. dollars 6451 6901 6748 6773 7375 7208 6676 71 67 7146 7193 71 62 7145 6819 Rooms occupied % of total. 64 66 68 68 74 64 51 56 64 69 68 69 69 Motor hotels' Average room sale A dollars 4230 4575 47 44 45 gi 4666 4511 4505 4549 4776 4815 4693 47 54 4814 Rooms occupied % of total 66 66 73 66 68 59 49 55 63 71 67 67 71 Economy hotels:* Average room sale C) dollars 2869 2990 3023 2996 3016 2985 2990 2906 2927 3018 3007 3011 3095 Rooms occupied * % of total 65 65 79 67 70 60 47 51 58 65 64 66 75 Foreign travel: U.S. citizens: Arrivals (quarterly) thous 12010 14,242 4556 3,129 3,254 4 1 194 4 1,240 Departures (quarterly) do. . 12,258 13,909 4,150 3,108 2,972 4 1,146 4 1,371 Aliens* Arrivals (quarterly) do 8831 8970 2824 2079 1946 4 660 4 706 Departures (quarterly) ... do 7467 7698 2438 1 857 1 573 4 592 4 623 Passports issued do 4 152 4,696 394 275 298 269 265 400 415 605 628 552 480 461 353 279 National parks, recreation visits ##.... do.... 49328 49,015 9,044 5,871 3,938 1,935 1,348 1 179 1,237 1,916 2793 4,007 6,820 9,320 9020 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-19 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,, -t methodological notes are as shown in uniis Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. TRANSPORTATION AND COMMUNICATION—Continued COMMUNICATION Telephone carriers: Operating revenues # mil $ 78092 2 67 625 5762 5487 5 629 6048 5772 5903 5725 5766 5965 6016 6013 Station revenues do 33 090 2 28 322 2*414 2 326 2 381 2 543 2368 2*417 2 216 2 464 2490 2 505 2498 Tolls, message . do 28031 2 10 353 825 726 '713 748 790 674 631 662 658 690 667 Operating expenses (excluding taxes) . . . do 53095 2 44 435 3716 3551 3748 3998 3930 3810 3657 3891 3874 3985 3836 Net operating income (after taxes) do.... 12797 2 12 206 1062 1034 1024 1*081 931 1071 1069 972 1 131 1030 1 111 Phones in service, end of period mil 134 4 Telegraph carriers, domestic and overseas: @ Operating revenues mil $ 14827 13829 1197 1118 1203 1143 1183 1168 1098 1179 Operating expenses do .... 12594 12276 1034 97 1 1016 996 1334 1030 92 1 1008 Net operating revenues (before taxes) do.... 142.2 67.7 9.3 8.1 11.2 7.8 -25.9 6.8 9.3 10.4 CHEMICALS AND ALLIED PRODUCTS CHEMICALS Inorganic Chemicals Production: Aluminum sulfate, commercial (17% AluOs) $ thous. sh. tons .. 1,103 1,079 97 81 85 78 77 82 74 90 81 85 r87 89 Chlorine gas (100% C12) t do 9864 10724 878 904 832 847 882 848 829 908 926 927 929 905 Hydrochloric acid (100% HC1) $ do . 2420 2866 242 237 213 210 227 212 226 263 235 246 r246 233 Phosphorus elemental do 366 383 27 32 31 33 35 32 27 32 34 32 33 29 Sodium hydroxide (100% NaOH) $ do .... 10,039 11,224 919 940 901 888 938 880 875 954 975 963 935 943 Sodium silicate, anhydrous t do.... 728 750 61 57 62 60 52 63 68 57 53 66 63 57 Sodium sulfate, anhydrous $ do.... 914 872 72 75 70 76 67 72 74 85 92 101 101 103 Sodium tripolyphosphate (100% NasPsOio) t do 669 673 60 52 65 58 53 52 48 57 52 54 r53 51 Titanium dioxide (composite and pure) $ do 760 799 62 72 63 73 62 62 62 63 68 67 73 71 Sulfur, native (Frasch) and recovered: Production thous. met. tons .. 1 8,156 1 9,407 779 787 817 826 860 834 765 839 843 887 848 r914 867 Stocks (producers') end of period do.... 3218 2434 2605 2525 2521 2513 2434 2419 2451 2483 2422 2420 2456 r2523 2556 Inorganic Fertilizer Materials Production: Ammonia, synthetic anhydrous t thous. sh. tons .. 14,072 * 16,192 1 306 1,288 1370 1436 1484 1 462 1 359 1 485 1 463 1 460 1407 1312 Ammonium nitrate, original so- lution t do 6240 7005 508 551 590 578 602 624 552 644 628 665 607 556 Ammonium sulfate $ do.... 1,956 2,061 164 177 189 177 166 171 163 186 172 195 159 175 Nitric acid (100% HNO3) $ do 6968 8041 600 649 654 660 681 681 627 708 698 720 682 613 Nitrogen solutions (100% N) $ do 2198 3345 277 277 315 264 248 240 215 291 290 288 246 202 Phosphoric acid (100% P2O5) $ do.... 9,767 11,111 954 958 996 979 978 888 860 996 968 914 847 841 Sulfuric acid (100% H2SO4) $ do.... 37459 41802 3583 3445 3601 3364 3590 3311 3127 3553 3540 3350 3324 3321 Superphosphate and other phosphatic fertilizers (gross weight): Production thous. sh. tons .. 15774 17363 1506 1488 1 513 1469 1412 1396 1329 1476 1456 1447 1318 1,325 Stocks end of period $ do 844 1 179 821 773 961 924 840 914 1 243 1 179 1 076 1 117 991 704 r Potash, sales (K2O) ...... do 6273 6195 836 624 426 374 598 630 437 449 760 692 320 228 544 Exports, total # do 22832 24703 2425 2118 1789 1 859 1 557 3 141 2039 2487 1 714 2264 1 537 (6) Nitrogenous materials do.... 1982 2313 163 180 120 235 220 222 155 321 252 199 58 (6) Phosphate materials do 14837 13680 1 375 1 183 1 062 869 676 1 418 1 058 1 318 892 1 233 1002 (6) Potash materials do 804 1044 129 60 69 73 102 145 82 98 52 125 95 (6) Imports: Ammonium nitrate do 347 532 48 62 32 22 31 48 41 56 77 40 67 23 32 Ammonium sulfate do 285 363 36 26 13 18 15 18 44 70 56 28 30 12 11 Potassium chloride do 7875 8639 966 876 745 424 692 622 839 738 897 1045 642 399 586 Sodium nitrate do 97 122 H (3) 14 (3) 4 12 30 36 20 (3) 7 14 61 Industrial Gases i Production: Acetylene mil cu ft 3 737 4 855 371 377 347 401 394 374 384 402 382 400 385 368 Hydrogen (high and low purity) do 100 253 109 059 8 698 8 300 8 383 7 862 9 930 7 903 8 582 9 243 8 923 9 415 r9053 8644 Nitrogen (high and low purity) do 559 863 601*206 49208 49 418 52791 52*885 52047 52 460 50 821 54 601 52172 52791 r53 051 52196 Oxygen (high and low purity) do . 342 723 375 476 30003 28320 30196 29 134 28676 29888 27811 33724 32650 31976 r29 824 29,862 Organic Chemicals § Production: Acetylsalicylic acid (aspirin) mil. Ib. '307 '309 19 33 28 17 21 576 72 Creosote oil mil. gal . '756 '860 61 85 72 72 5 18 8 192 Ethyl acetate (85%) mil Ib '2130 '1935 14 9 16 1 16 8 14 4 16 8 5 47 3 534 Formaldehyde (37% HCHO) do... 1 5,464.9 1 5,712.2 4604 5100 491 6 444 4 4498 5 1 428 7 1,497.4 Glycerin, refined, all grades do... 265.4 302.7 24.2 24.1 26.7 30.2 22.2 28.5 25.4 22.5 28.3 26.7 26.2 r28.7 23.7 Methanol, synthetic mil. gal . 1 1,202.1 '1,247.0 945 1013 953 955 922 52180 225.9 Phthalic anhydride mil Ib '8383 '8694 776 826 653 57 1 629 5 208 5 2228 ALCOHOL Ethyl alcohol and spirits: Production mil tax gal . '6985 631 2 483 51 8 605 50 4 637 64 1 45 o 605 556 562 Stocks end of period do 786 1325 72 3 74 2 99 8 101 1 132 5 123 8 128 2 126 6 1307 115 9 Denatured alcohol: Production . mil wine gal 354 4 415 1 29 4 28 2 44 g 39 1 47 6 41 5 30 4 38 2 57 i 44 8 Consumption (withdrawals) do 3567 4082 269 298 387 44 i 44 6 400 31 6 43 1 533 532 For fuel use * . do 658 114 5 5 0 4 5 10 1 16 2 18 7 14 4 12 i 152 20 9 18 1 Stocks, end of period do 66 245 125 109 164 15 7 245 280 251 202 239 143 See footnotes at end of tables. S-20 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and IT .. methodological notes are as shown in units BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. CHEMICALS AND ALLIED PRODUCTS—Continued PLASTICS AND RESIN MATERIALS Production: Phenolic resins . mil Ib 1 1 459 6 1 1 470 5 1183 1200 130 5 115 6 112 3 4 358 7 3710 Polyethylene and copolymers do 1 14 045 3 '146219 1 164 1 12306 1 233 1 1 231 2 1 0492 437301 3862 1 Polypropylene do 1 4 456 9 7 4 960 7 501 6 5005 4547 3974 4132 4 1 2134 1 301 1 Polystyrene and copolymers do 1 6 254 0 1 5 861 4 4870 5202 5013 4473 4588 4 1 354 4 14969 Polyvinyl chloride and copolymers do 1 6 256 1 1 6 957 6 554 6 544 6 586 0 596 5 6362 4 1 749 2 1721 5 PAINTS, VARNISH, AND LACQUER <> Total shipments mil $ 78438 88732 838 1 7497 771 0 6385 571 3 6892 6858 8239 9433 1 Oil 4 9592 9002 Architectural coatings do 33213 34759 347 1 286 1 2804 2138 1908 2227 2335 3194 3885 441 6 411 0 396.1 Product coatings (OEM) do 29074 34964 3048 2962 3199 2794 2533 3100 2898 3070 3334 3368 3233 280.4 Special purpose coatings do.... 1,615.1 1,900.9 186.2 167.3 170.7 145.3 127.2 156.4 162.6 197.5 221.4 233.0 225.0 223.7 ELECTRIC POWER AND GAS ELECTRIC POWER Production: Electric utilities, total mil kw -hr 2 310 285 2 416 304 229 296 195 198 190 936 190,380 199 996 227,733 198,121 194 707 184 740 196,635 205,025 226,712 By fuels do 1 978 154 2,095 154 204 159 174 287 170 050 168,121 174,162 200,235 172,240 170,123 160,371 170,220 181,190 205,429 By waterpower do 332 130 321 150 25137 20911 20887 22259 25834 27498 25880 24583 24370 26415 23834 21 283 Sales to ultimate customers, total (Edison Electric Institute) $ mil kw -hr 2 157 598 1 2 279 923 614 853 544 971 588 112 561,047 Commercial § do 546 252 1 578 163 162 258 139,962 145,282 148,148 Industrial § do ... 780 020 1 837 661 216,833 205,189 201,548 211,825 Railways and railroads do.... 4,296 M412 875 1,119 1,232 1,092 Residential or domestic do.... 750,850 ; 777,421 212,708 178,232 219,084 178,184 Street and highway lighting do 14053 1 14 155 3277 3560 3660 3538 Other public authorities do 56720 1 62 076 16785 15,465 16,015 16,784 Interdepartmental do 5407 '6036 2118 1,443 1,291 1,478 Revenue from sales to ultimate customers (Edison Electric Institute) $ mil $ 1 129 507 '142201 40309 34287 36427 36174 GAS t Total utility gas, quarterly (American Gas Association): Customers, end of period, total thous.. 48,948 49,651 48,958 49,651 50,272 Residential do 45035 45637 45044 45,637 46,153 Commercial do 3 685 3785 3686 3785 3887 Industrial do 181 'l82 182 182 184 Other . . do 47 47 47 47 48 Sales to customers, total tril Btu 12859 13 170 2 181 3215 4761 Residential do 4450 4 615 380 1 140 2166 Commercial do 2298 2379 273 593 1,037 Industrial do 5970 6036 1 508 1446 1 504 Other .. do 140 'l41 20 35 54 Revenue from sales to custom- ers total mil $ 65837 67 463 10837 16 652 24 914 Residential do 26173 27397 2 651 6869 12474 Commercial do 12659 13 162 1538 3313 5699 Industrial do 26315 26237 6558 6299 6490 Other do .... 690 667 89 170 252 FOOD AND KINDRED PRODUCTS; TOBACCO ALCOHOLIC BEVERAGES Beer: Production mil bbl 19512 193 02 17 59 1458 1514 1306 1289 1550 14.46 16.76 17.97 18.86 18.23 18.59 Taxable withdrawals do 17750 175 56 1697 1366 14 29 12 40 11 38 1351 1274 1446 1586 1760 1617 16.63 Stocks, end of period .... do 1326 1286 14 44 1369 1374 1285 1286 1372 14 18 1497 1521 1490 15.24 14.97 Distilled spirits (total): Production mil tax gal ' 100 49 124 40 775 1044 15 19 10 45 8 12 10 00 1575 922 766 782 Consumption, apparent, for beverage purposes # mil wine gal 2431 13 r425 89 33 22 3270 37 92 41 74 49 31 30 19 2922 3252 *3241 3330 3384 Stocks end of period mil tax gal 578 95 554 64 563 93 561 68 560 00 557 56 554 64 553 77 55693 62449 55431 55251 Imports .. . mil proof gal 11635 11786 862 9 00 10 20 1320 10 15 848 773 960 7.28 8.74 11.40 7.94 9.10 Whisky: 73 59 rgQ 29 4 90 577 7 47 6 71 5 21 6 02 6 84 6 23 513 5 57 Stocks end of period do 507 76 482 13 493 66 490 18 485 35 48392 482 13 479 40 48476 55623 48147 48064 Imports . ... . mil proof gal 8384 7804 586 5 95 6 94 938 706 596 574 642 4.48 5.81 8.30 5.02 5.97 Wines and distilling materials: Effervescent wines: Production mil wine gal 37 13 3566 369 268 4 20 382 2 79 224 1 56 264 1 51 Taxable withdrawals do 32 54 32 61 2 64 1 92 6 72 3 71 4 18 1 34 1 04 1 86 1 17 Stocks end of period do 16 11 1598 2054 20 17 1699 1796 1598 1559 1730 1638 18 12 Imports do 11 11 1491 105 129 1 53 197 2 17 1 43 .86 1 09 .92 1.04 1.18 1.02 .90 Still wines: Production do 42948 438 26 63 82 187 34 104 95 21 66 18 92 689 497 559 376 Taxable withdrawals do 1 366 86 37533 34 16 2978 3637 3533 2828 2632 2887 3259 3527 Stocks end of period do 650 14 606 08 488 25 56534 677 36 647 87 60608 604 78 577 44 55891 51052 Imports do 11983 12749 1007 1130 1018 13 14 1173 1123 748 916 9.46 9.95 11.16 9.06 9.03 Distilling materials produced at wineries do 17499 15336 3356 5568 3072 1019 457 7 14 2 10 274 253 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-21 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ITnita methodological notes are as shown in Apr. May July Aug. Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. June FOOD AND KINDRED PRODUCTS; TOBACCO—Continued DAIRY PRODUCTS Butter: Production (factory) mil Ib 12992 1 1033 702 675 844 798 951 1184 1075 107.1 110.8 112.9 97.3 94.7 91.3 Stocks, cold storage, end of period do.... 499.4 2966 462.7 4263 374.3 335.9 296.6 277.3 289.4 291.7 272.7 283.2 286.8 '280.7 263.8 Producer Price Index ** 1967 — 100 2266 2288 227 1 2413 2430 2433 2215 2169 2166 216.9 217.5 r217.4 217.6 215.2 218.4 215.3 Cheese: Production (factory), total mil. Ib 4,819.5 4,673 8 371.2 3578 381.1 368.9 396.3 390.6 355.3 411.5 423.8 451.1 441.3 429.3 424.7 American whole milk do 29277 26482 2046 1874 1946 187 1 2100 2231 2017 2309 2512 271.5 265.5 251.4 248.9 Stocks cold storage end of period do 1 2046 9862 1 1476 1 1150 10784 1 0442 9862 9689 9444 9077 8986 911.0 954.2 r963.5 952.4 American, whole milk do 10997 8848 10451 10180 9798 9458 8848 8657 8440 8064 7919 803.0 846.8 '853.6 846.9 Imports do 2862 3060 27 1 252 279 322 348 168 240 19.5 19.7 20.6 26.6 22.3 24.7 Price, wholesale, cheddar, single daisies (Chicago) $ per Ib.. 1.682 1.704 1.721 1.759 1.744 1.699 1.691 1.683 1.667 1.660 1.631 1.677 1.667 1.582 1.651 1.556 Condensed and evaporated milk: Production, case goods . mil Ib 6942 6477 548 523 548 512 533 442 431 50.7 59.3 61.8 57.8 57.9 55.6 Stocks, manufacturers', case goods, end of period do 467 41 7 1022 1029 887 543 417 422 436 502 682 83.3 97.6 113.8 119.9 Exports do 56 8 1 5 9 10 1 i g 8 7 7 9 .9 .7 .7 .8 Fluid milk: Production on farms do 139 672 135 444 11 206 10,777 10,918 10,529 10,967 11,209 10,566 11,857 12,007 12,790 12,434 12,403 12,291 11,960 Utilization in manufactured dairy products do 82655 r76 125 r6078 5605 5978 5605 6074 6494 6021 6,787 7,172 7,780 7,472 7,487 7,193 Price, wholesale, U.S. average $ per 100 Ib .. 13.60 13.50 13.20 13.60 14.00 14.30 14.00 14.00 13.70 13.30 12.90 12.50 12.10 12.10 12.10 P 12.20 Dry milk: Production: Dry whole milk mil Ib 111 2 1196 82 104 90 92 92 117 11 1 14.1 10.9 13.1 11.0 11.5 12.7 1 499 9 1 158 9 88 2 70 8 71 7 67 4 85 5 88 4 91 1 104 6 1260 1399 143 2 141 5 1322 Stocks, manufacturers', end of period: Dry whole milk do 64 54 79 7 1 66 49 54 66 65 78 7 1 6.2 6.3 6.3 5.8 74 6 61 1 584 527 42 9 38 3 61 1 55 5 57 1 638 697 790 932 r867 789 Exports, whole and nonfat (human food) do 3216 199 9 143 549 29 1 139 122 55 86 295 415 53 173 21.5 22.7 Price, manufacturers' average selling, nonfat dry milk (human food) $ per Ib.. .938 .912 .913 .912 .913 .915 .916 .915 .913 .913 .871 .855 .851 .826 .810 GRAIN AND GRAIN PRODUCTS Exports (barley, corn, oats, rye, wheat) mil bu 34402 36109 287 1 3676 3028 3485 3504 3210 2565 2338 2395 197.8 188.1 165.1 182.9 Barley: 9 Production (crop estimate) . do 2 508 9 2 596 5 598.8 Stocks (domestic) end of period total do 3676 4362 5736 4362 3194 '2476 On farms do 2449 3066 4021 3066 2163 4 163.1 Off farms do 1227 1296 171 5 1296 103.1 4 84.5 Exports, including malt § do 716 955 52 175 90 99 118 72 47 1.3 .4 3.0 i.6 3.9 5.3 Producer Price Index, No. 2 feed, Minneapolis * 1967-100.. 180.9 200.9 169.9 175.8 180.1 181.8 157.1 169.9 174.1 165.6 174.1 174.1 165.6 152.9 123.2 118.9 Corn: Production (crop estimate, grain only) mil bu 2 4 1747 27 656 2 98,603.0 4912 9 5856 3 1723 2 5 856 3 3 960 5 328318 On farms do 3*0800 42962 '3479 42962 28288 3 2,004.1 Off farms do 1,832 9 1 5602 1 375 4 15602 1,131.7 3 827.7 1 876 5 1 928 6 135 3 106 4 154 2 242 1 206 5 208 2 164 4 1707 167 7 135 4 1057 956 908 Producer Price Index, No. 2, Chi- cago * 1967-100 2484 2509 2540 2400 2175 2163 2096 2155 2146 2178 2234 220.0 219.6 214.9 194.2 185.7 Oats: 9 Production (crop estimate) mil bu 24770 24719 537. 4 Stocks (domestic), end of period, total do 3788 357 2 473 9 357 2 2559 4 179 5 On farms do 3224 2994 397 4 299 4 2112 4 146.1 Off farms do 564 577 76 5 577 447 '33.4 Exports including oatmeal do 28 19 (7) 2 2 1 1 1 1 1 2 .1 .1 .1 .2 Producer Price Index, No. 2, Minneapolis * 1967 = 100.. 252.6 266.5 250.1 253.0 255.8 274.3 270.0 258.7 261.5 259.4 242.3 237.3 224.6 218.9 175.5 175.5 Rice: 9 Production (crop estimate) mil bags $ 2997 2 1370 131.9 California mills: Receipts domestic rough mil Ib 2730 166 76 (8) Shipments from mills, milled rice . .. do 1 884 157 153 (8) Stocks, rough and cleaned (cleaned basis), end of period mil Ib 478 244 183 (8) Southern States mills (Ark., La., Tenn., Tex.): 9 143 9 476 695 2 560 1 934 964 653 535 391 615 358 228 180 183 900 Shipments from mills, milled rice do 6289 6 183 517 610 542 545 475 462 460 396 427 461 405 443 466 Stocks, domestic, rough and cleaned (cleaned basis) end of period mil Ib 2703 2868 930 2 017 2792 2899 2868 2775 2627 2683 1 856 1,415 1,132 854 1,017 Exports . . do 5151 4509 384 567 331 343 307 236 292 411 315 355 296 336 380 Producer Price Index, medium grain, milled ** .... 1967-100 2020 2027 2032 201 0 1958 1954 1954 1965 1998 204.7 204.6 206.3 206.6 207.0 206.2 205.9 Rye: 9 Production (crop estimate) .... mil bu 227 1 2324 19.3 Stocks (domestic) end of period do 558 Producer Price Index, No. 2, Minneapolis * 1967 — 100 2107 2009 1852 1804 1761 1847 1933 1993 1968 1976 2036 207.9 187.7 189.0 190.7 178.3 Wheat: 9 Production (crop estimate), total ... mil bu 2 2 420 2 2 596 2,419 2 2 9 580 Spring wheat do 432 535 9 Winter wheat do 2 1988 2 2 061 1,839 Distribution quarterly @ do 2606 2788 el 259 600 475 6 245 2 326 4 2 141 3 2 740 0 2 141 3 1 6673 * 1 424 5 Of ' ' j 1 015 4 930 5 1 217 3 9305 7136 4 582 2 Off farms do 1 311 0 1 210 8 1 5227 12108 9537 4 842 3 1 488 3 1 584 4 146 7 243 5 139 5 96 3 132 0 105 6 87 3 61 7 71 2 594 807 656 865 Wheat only do 1 4076 1 5450 1460 2425 1369 96 1 131 4 1053 818 574 650 55.8 79.1 63.6 85.6 See footnotes at end of tables. S-22 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and IT .. methodological notes are as shown in vnns Mar. Apr. May June July Aug. Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. FOOD AND KINDRED PRODUCTS; TOBACCO—Continued GRAIN AND GRAIN PRODUCTS— Continued Wheat— Continued Producer Price Indexes: * Hard, winter Ord, No. 1, Kansas City 1967 = 100.. 237.2 228.3 225.9 235.6 231.9 229.8 224.3 228.2 226.5 217.1 218.0 205.2 208.1 191.9 181.4 183.8 Spring, No. 1, D.N. Ord, Minneapolis 1967 = 100.. 228.3 220.8 206.0 198.9 200.5 202.7 193.8 193.4 196.0 195.6 200.2 197.5 198.2 189.4 159.1 160.6 Wheat flour: Production: Flour $ thous sacks (100 Ib ) 311,587 299,476 26,025 24,388 26,289 25,080 23,656 25,495 25,571 26,317 24,683 26,147 24,079 r24,248 27,125 Millfeed t • thous sh tons 5,655 5,421 477 440 470 450 426 447 445 465 434 457 419 '426 478 Grindings of wheat $ thous. bu.. 698,951 674,665 59,165 55,195 58,739 56,335 53,087 56,866 57,319 58,893 54,976 58,142 53,613 r54,157 60,407 Stocks held by mills, end of period thous. sacks (100 Ib.).. 3,805 4,230 3,833 4,230 4,303 4,980 Exports do 34,628 16,926 285 433 1,122 121 222 138 2,384 1,857 2,663 1,548 693 846 381 Producer Price Index * 6/83 — 100 97.8 96.9 96.9 97.3 97.7 96.8 98.2 98.7 98.3 100.3 r97.0 96.3 94.7 93.1 93.7 POULTRY AND EGGS Poultry: Slaughter mil Ib 15,547 16,181 1,545 1,330 1,596 1,338 1,230 1,372 1,189 1,309 1,431 1,486 1,375 1,523 1,558 Stocks, cold storage (frozen), end of period, total mil. Ib.. 281 267 476 527 555 330 267 281 291 300 334 349 421 '494 567 Turkeys do 162 125 331 391 415 196 125 124 131 131 157 182 243 r305 386 Price, in Georgia producing area, live broilers $ per Ib .270 .320 .290 .295 .270 .290 .270 .290 .290 .285 .260 .270 .295 .295 .270 .295 Eggs: Production on farms mil. cases §.. 189.4 189.4 16.0 15.6 16.3 16.0 16.8 16.5 14.7 16.5 15.8 15.9 15.2 15.7 15.8 Stocks, cold storage, end of period: Shell thous. cases § .. 13 31 31 23 37 35 31 30 29 23 26 30 21 30 19 Frozen mil Ib 12 13 17 17 18 16 13 15 14 14 13 15 15 18 18 Price, wholesale, large (delivered; Chicago) $ per doz.. .727 .786 .665 .672 .607 .704 .622 .584 .551 .623 .573 .529 .608 .586 .664 .705 LIVESTOCK Cattle and calves: Slaughter (federally inspected): Calves thous animals 2,798 3,030 294 245 282 275 247 270 236 261 252 246 221 274 272 Cattle do 34,816 35,880 3,260 2,903 3,313 2,923 2,784 3,134 2,661 2,761 2,848 3,052 2,770 3,023 3,089 Prices, wholesale: Beef steers (Omaha) $ per 100 Ib .. 62.52 65.33 64.36 62.68 60.85 64.24 65.32 64.35 62.80 59.58 58.72 57.58 56.69 53.26 51.94 51.29 Steers, stocker and feeder (Kansas City) do . 61.39 63.11 61.34 62.01 62.74 63.96 64.26 66.00 67.02 66.66 66.06 64.25 59.11 57.43 57.81 56.27 Calves, vealers (So. St. Paul) do ... 72.97 63.98 52.50 52.50 53.75 50.00 50.00 52.00 62.19 60.00 60.00 60.00 63.44 62.25 58.59 60.00 Hogs: Slaughter (federally inspected) thous. animals.. 84,762 82,478 6,628 6,439 7,908 7,354 6,729 7,114 6,208 6,932 7,177 7,359 6,209 6,399 6,810 Prices: Wholesale, average, all weights (Sioux City) $per 100 Ib.. 47.73 49.03 52.57 47.86 45.01 48.55 49.03 49.60 49.55 44.54 41.85 42.70 45.67 47.09 43.91 40.42 Hog-corn price ratio (bu. of corn equal in r value to 100 Ib. live hog) 16.6 15.3 16.2 16.0 16.5 18.4 19.0 18.2 18.4 16.4 15.3 15.5 17.0 17.6 !7.4 16.9 Sheep and lambs: Slaughter (federally inspected) thous. animals- 6,412 6,549 561 528 588 524 514 544 473 564 512 494 423 485 496 Price, wholesale, lambs, average (Omaha) $ $per 100 Ib.. 54.74 61.39 62.76 63.58 63.35 62.98 60.08 62.13 66.92 67.75 69.50 74.25 72.56 71.98 71.42 68.94 MEATS Total meats (excluding lard): Production mil Ib 38,974 38,987 3,362 3,111 3,672 3,324 3,119 3,420 2,938 3,161 3,294 3,486 3,080 3,276 3,401 Stocks, cold storage, end of period do.... 679 696 628 646 677 687 696 735 711 721 773 785 756 739 678 Exports (meat and meat prepara- tions) do 1,449 1,422 119 123 139 121 119 119 110 118 112 116 116 130 139 Imports (meat and meat prepara- tions) do 2,030 2,160 198 189 226 175 159 193 179 207 213 214 221 230 232 Beef and veal: Production total do 23,487 23,895 2,156 1,943 2,228 1,967 1,869 2,108 1,805 1,897 1,976 2,130 1,931 2,102 2,163 Stocks, cold storage, end of period do.... 334 372 298 328 339 359 372 388 362 345 339 312 303 331 322 Exports do 571 627 56 57 60 48 50 50 56 56 48 53 47 64 63 Imports do 1,382 1,277 120 112 149 98 88 102 94 92 125 130 123 145 152 Price, wholesale, beef, fresh steer carcasses, choice (600-700 Ibs.) (Central U.S.) $ per Ib.. .978 1.001 .976 .944 .924 .991 1.012 .995 .974 .920 .892 .895 .885 .822 .800 .811 Lamb and mutton: 30 29 2/ 28 29 Production total mil Ib 368 372 3] 29 33 30 30 32 28 33 < Stocks, cold storage, end of period do.... 11 9 8 8 8 8 10 Pork (excluding lard): Production, total do 15,120 14,720 1,175 1,139 1,411 1,326 1,220 1,281 1,105 1,232 1,288 1,328 1,125 1,146 1,210 301 274 269 257 276 269 274 292 285 314 368 410 385 344 295 Exports . do 251 197 13 12 21 17 14 16 14 16 15 13 23 12 20 Imports do 555 784 69 67 68 69 62 78 76 105 76 74 89 75 72 Prices: Producer Price Index, Hams, smoked 1967 = 100. 292.6 294.1 294.9 295.0 294.9 312.5 337.8 300.3 296.2 291.7 272.5 r264.1 261.6 272.7 273.5 267.6 Fresh loins, 8-14 Ib. average, wholesale (NY) $ per Ib 1.159 1.157 1.246 1.198 1.072 1.037 1.120 1191 1.164 1.065 1.025 1.064 1.120 1.150 1.159 1.140 MISCELLANEOUS FOOD PRODUCTS Cocoa (cacao) beans: Imports (including shells) thous. Ig. tons . 213.7 190.9 10.8 10.4 5.0 10.8 18.2 42.2 43.7 39.1 9.9 30.5 15.6 13.9 12. Producer price, Accra (New York) $ per Ib 1.082 1.262 1.170 1.210 1.250 1.260 1.130 1.090 Coffee: Imports total thous bags Q 16,449 17,734 1,735 1,432 1614 1,127 1,187 1,622 1,681 1,702 1,430 1,324 1,751 1,217 1,75 From Brazil . do 3,418 3,866 510 408 453 347 254 325 327 254 330 348 551 258 44 Producer price, Santos, No. 4 (NY) $ per Ib 1.400 1.430 1.430 1.430 1.430 1.430 1.430 1.430 1.430 1.430 1.430 1.430 1.430 1.430 1.43 1.430 Fish: Stocks, cold storage, end of period mil. Ib 425 370 385 416 397 393 370 337 315 289 277 290 r29 326 r35 "371 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-23 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,. .f methodological notes are as shown in uniis BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. FOOD AND KINDRED PRODUCTS; TOBACCO—Cont. MISCELLANEOUS FOOD PRODUCTS— Cont. Sugar: Exports, raw and refined ... sh tons 207 871 308 300 15 985 14 022 27 266 21 204 35 419 26752 38 165 26 654 32259 20406 33364 36548 53010 Imports, raw and refined thous sh. tons 2915 2947 212 168 259 313 165 249 202 282 154 239 238 51 190 Producer Price Indexes: * Raw (cane) 1967 = 100 .. 315.9 312.0 310.8 312.3 309.4 306.2 304.5 297.8 293.7 298.0 298.6 301.9 305.2 303.0 296.7 288.8 Refined 12/77 = 100... 172.1 173.5 173.8 172.8 172.1 171.6 170.2 168.9 166.1 166.2 166.1 r!67.0 166.4 165.7 165.7 165.1 Tea, imports.... thous Ib 170 451 194 565 12023 14 169 20946 12386 12 585 16 238 13 856 15491 13 342 15337 15054 15586 12745 TOBACCO Leaf: Production (crop estimate) mil Ib 1 1,429 1 1728 3 1,529 Stocks, dealers' and manufacturers', end of period do 5357 5444 5186 5444 5259 4997 Exports, incl. scrap and stems . thous Ib 509 828 528 451 18351 39 148 67982 97864 77064 34611 48495 48037 54 102 15800 14230 20374 39,168 Imports, incl. scrap and stems . do 316917 409 102 36888 33184 33937 38837 26347 32310 42942 27000 32710 34409 33772 34845 46,941 Manufactured: Consumption (withdrawals): Cigarettes (small): Tax-exempt millions 69680 67 112 5731 5362 6635 6302 5620 5594 5265 5728 4 130 5250 4600 Taxable do 597,464 597 893 53 152 46797 56633 53202 42779 44503 46297 54810 45782 49339 57,583 Cigars (large), taxable do 2 3,054 r2961 276 261 282 230 222 212 179 215 214 259 260 Exports, cigarettes do .... 60,698 56,517 3,885 5,308 5,617 5,959 4,378 5,454 5,311 5,658 2,994 3,575 2,766 3,999 7,309 LEATHER AND PRODUCTS LEATHER Exports: Upper and lining leather thous. sq. ft.. 155,808 163,373 14,046 11,219 11,533 10,231 10,431 10,266 8,855 11,023 11,637 12,112 16,233 9,919 10,763 Producer Price Index, leather ** 1967 = 100 .. 330.7 372.3 378.1 371.4 369.3 359.8 354.5 358.1 352.5 348.5 350.3 r350.5 349.7 347.5 348.3 349.7 LEATHER MANUFACTURES Footwear: Production total Q thous pairs 339 182 301 398 25858 21784 25070 22201 19438 22 600 21 111 22245 22264 24948 21 187 19 759 24941 Shoes, sandals, and play shoes, except athletic thous. pairs.. 263,183 233,392 18872 16,314 18875 17,058 15299 17323 17005 17501 17 102 18562 15445 15 558 18,947 Slippers do 57692 54026 5509 4318 5103 4 168 3020 4 245 3488 4022 4499 5576 5051 r3766 5292 Athletic do 18307 13980 1477 1 152 1092 975 1 119 1032 618 722 663 810 691 r435 702 Other footwear do 5,254 4918 376 442 600 448 352 207 274 287 336 322 376 r287 411 Exports do 6158 6240 581 594 683 587 549 453 461 801 698 619 615 639 994 Producer Price Indexes: Men's leather upper, dress and casual 12/80-100.. 107.0 107.9 109.0 109.2 109.2 105.5 105.5 105.3 109.6 109.7 109.7 104.7 110.9 110.7 110.9 111.6 Women's leather upper 1967 — 100.. 2234 2192 2162 2163 2166 223 1 2224 2225 2222 2215 2230 r2235 2244 223.7 224.5 224.8 Women's plastic upper 12/80=100.. 100.7 102.8 102.0 101.6 101.4 101.4 102.7 102.7 103.9 101.8 102.5 104.8 103.8 102.6 104.7 105.6 LUMBER AND PRODUCTS LUMBER— ALL TYPES # National Forest Products Association: Production, total mil. bd ft.. 231,479 2 36 675 2933 2776 3154 2814 2295 2727 2718 3085 3296 3256 3,101 3,034 Hardwoods do 2 5 721 25713 563 544 529 438 388 444 480 562 556 541 527 480 Softwoods do 2 25 758 2 30 962 2370 2232 2 625 2376 1 907 2 283 2238 2523 2740 2715 2574 2554 Shipments, total do 2 31 358 2 36 598 2950 2688 3 154 2922 2397 2666 2602 3013 3496 3349 3031 2944 Hardwoods do . 2 5 896 2 5 493 529 520 497 420 363 440 468 586 537 532 499 437 Softwoods do 2 25 462 231 105 2 421 2 168 2 657 2 502 2034 2 226 2 134 2 427 2959 2817 2532 2507 Stocks (gross), mill, end of period, total do 5866 6225 6176 6265 6239 6327 6225 6299 6415 6488 6282 6 198 6445 6535 Hardwoods do 1 591 1 762 1 667 1 692 1 724 1*737 1 762 1 766 1 778 1 755 1 774 1783 1812 1855 Softwoods do 4275 4 463 4 509 4 573 4 515 4 590 4 463 4 533 4 637 4 733 4 508 4415 4633 4680 Exports, total sawmill products do.... Imports, total sawmill products.. .. do 12 293 13614 1 191 1298 1 185 1 104 1 108 967 1203 1212 420 1 431 1445 1318 SOFTWOODS Douglas fir: Orders new mil bd ft 7 864 8 296 675 674 693 644 486 612 565 649 710 665 612 568 596 Orders unfilled end of period do 674 561 594 650 604 587 561 561 567 580 587 563 555 555 495 Production do 7934 8329 671 665 671 601 471 622 593 647 664 618 624 602 642 Shipments do 7802 8409 740 618 739 661 512 612 559 636 703 689 620 568 656 Stocks (gross), mill, end of period do.... 994 914 1,036 1,083 1,015 955 914 924 958 969 930 859 863 897 883 Exports total sawmill products do 569 544 40 45 40 33 35 40 36 44 52 39 43 42 Sawed timber do 129 151 10 19 18 9 7 16 9 9 17 16 8 17 Boards planks scantlings etc do 439 393 30 26 22 23 28 24 27 35 35 23 34 25 Producer Price Index, Douglas fir, dressed t 1967 = 100.. 361.5 328.1 309.2 312.5 301.6 312.8 325.8 332.9 341.5 353.1 345.0 358.9 386.8 379.6 343.3 313.6 See footnotes at end of tables. S-24 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,, .. methodological notes are as shown in units Aug. Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July LUMBER AND PRODUCTS—Continued SOFTWOODS— Continued Southern pine: Orders, new . mil bd ft ; 10 647 1 10 509 614 543 955 893 543 750 790 818 1 130 1028 644 Orders, unfilled, end of period do 796 558 590 557 671 704 558 574 598 534 530 693 528 Production do ' 10 406 1 10 844 657 617 893 824 679 769 783 890 992 1 039 894 Shipments do 1 10 441 1 10 747 627 576 859 822 664 739 766 881 1 130 1039 814 Stocks (gross), mill and concentration yards, end of period mil bd ft 1706 1 803 1 546 1 586 1 602 1784 1803 1 841 1858 1867 1723 1732 1 818 Exports, total sawmill products thous bd ft 217 660 184 793 11898 14 283 18435 13 148 15940 19648 8790 11239 18594 17071 11 180 11 865 Producer Price Index, southern pine, dressed t 1967 = 100 .. 319.9 319.9 318.4 308.5 305.4 302.4 304.8 303.4 294.2 295.8 292.4 r326.4 347.1 321.8 297.3 285.0 Western pine: Orders, new mil bd ft 8350 9 Oil 766 766 817 768 617 648 584 673 878 832 798 763 892 Orders, unfilled, end of period do.... 410 407 378 414 437 423 407 408 406 413 464 508 499 503 456 Production do 8488 8992 788 704 794 729 575 641 623 726 822 111 783 759 921 Shipments do 8264 9014 795 730 794 782 633 647 586 666 827 788 807 759 939 Stocks (gross), mill, end of period do.... 1,279 1,257 1,394 1,368 1,368 1,315 1,257 1,251 1,288 1,348 1,343 1,332 1,308 1,308 1,290 Producer Price Index, other softwood, dressed t 1967 = 100 .. 403.2 385.6 368.8 362.5 360.8 367.8 370.2 377.3 380.4 379.0 373.6 r376.4 397.7 391.8 386.0 376.1 HARDWOOD FLOORING Oak: Orders, unfilled, end of period mil. bd. ft .. 8.6 7.3 7.0 6.9 7.0 7.4 7.3 7.4 6.9 5.6 6.3 5.3 5.6 5.0 4.6 4.1 Shipments do 989 1096 107 103 99 93 77 95 8.7 10.0 9.8 9.9 10.5 9.9 11.1 11.0 Stocks (gross), mill, end of period do.... 5.5 5.7 4.0 4.1 4.3 4.0 5.7 5.1 5.4 5.5 6.0 6.6 7.3 6.9 6.1 6.0 METALS AND MANUFACTURES IRON AND STEEL Exports: Steel mill products thous sh tons 1 199 980 94 76 89 61 83 66 73 77 71 85 83 81 101 Scrap . do 7520 9498 852 702 924 808 826 683 697 756 813 694 885 856 1,267 Pig iron do 6 57 1 1 2 2 1 1 2 4 1 13 1 1 2 Imports: Steel mill products do.... 17,070 26,171 2,515 2,182 1,986 2,209 2,165 2,663 2,050 2,034 1,915 1,961 2,362 1,577 2,029 Scrap. ... do 641 577 43 46 43 49 44 38 50 60 59 61 66 42 40 Pig iron do 233 702 88 37 67 63 25 62 26 21 23 1 33 34 20 Iron and Steel Scrap Production thous sh tons 27 149 ;36 128 2376 2 144 2S23 2050 1 988 3 2 403 2349 2639 2634 r2665 2491 Receipts, net. . do 32557 1 29 524 2732 2615 2844 2085 2268 3 3 025 3237 3754 3670 r3437 3108 Consumption do 6178? 1 66 083 5143 4897 5150 4662 4305 3 5,710 5,640 6,382 6,216 r6,208 5,839 Stocks, end of period do 5807 5202 5613 5484 5457 5313 5202 3 4,941 4,875 4,988 5,112 r5,222 5,012 Prices, steel scrap, No. 1 heavy melting: Composite.. $ per Ig ton 6724 8169 7446 7796 7951 77 19 7469 7644 7778 80 14 7830 7098 6509 66 15 70.51 70.89 Pittsburgh district . do 7692 9238 8250 87 50 8900 81 00 81 50 8550 8700 9200 8500 7450 69.50 72.50 77.00 75.00 Ore Iron ore (operations in all U.S. districts): Mine production thous Ig tons 1 37 562 51269 4053 3888 4430 3277 1966 2535 3077 4634 4894 5711 5258 2,974 Shipments from mines do ' 44 596 50883 5904 4695 5071 4985 2432 607 1046 1 065 4197 5,792 5,828 5,037 Imports do 1 13 246 17 160 1 545 2215 1 545 1 675 1 503 1 066 568 956 982 872 1,326 1,337 1,679 U.S. and foreign ores and ore agglomerates: Receipts at iron and steel plants do 57 197 64881 7950 5926 6298 6749 3392 1 520 1 999 2,521 5,085 7,352 6,741 6,858 7,139 Consumption at iron and steel plants ... do 61220 65990 5222 4 554 4776 4935 4888 5009 5031 5922 5643 6046 5,410 5,235 5,186 Exports (domestic) . . do '3781 4993 487 869 386 289 '376 275 (2) 1 1,697 545 669 586 1,163 Stocks total end of period do 32 567 32 146 31 564 32 211 33 325 33 668 32 146 30 411 28 924 25 052 27966 29011 29788 29567 At mines do 3209 5 187 8 628 7 834 7 193 5 518 5 187 7 115 9'l46 12 714 13410 13328 12796 10,737 At furnace yards do 25494 24017 20 880 22 181 23*703 25517 24017 20473 17254 13780 13 144 14406 15,746 17,248 At U.S. docks do 3 174 2942 2*056 2 195 2429 2633 2942 2823 2524 1558 1412 1,277 1,246 1,582 Manganese (manganese content), general imports do 483 535 52 31 37 33 35 43 66 81 130 35 63 80 53 Pig Iron and Iron Products Pig iron: Production (including production of ferroalloys) thous. sh. tons.. 48,706 1 51,904 4,057 3,473 3,739 3,817 3,694 3,969 3,897 4,684 4,512 4,553 4,301 4,114 4,110 3,883 Consumption do 1 50 070 1 52 097 4 143 3 534 3784 3893 3985 34257 3946 4756 4563 r4,554 4,241 "4,219 Stocks end of period do 459 304 400 402 '396 415 304 3 323 313 297 275 r283 296 P289 Producer Price Index, basic 6/82=100... 100.1 100.3 100.2 100.3 100.2 100.3 99.4 100.1 98.9 99.1 98.6 99.9 99.8 96.9 98.3 97.3 Castings, gray and ductile iron: Orders, unfilled, for sale, end of period thous sh tons 637 Shipments total do 9232 10 520 910 823 944 789 628 842 775 879 929 894 r829 772 For sale do 5480 6247 571 495 576 481 390 510 457 530 574 578 r535 532 Castings, malleable iron: Orders, unfilled, for sale, end of period thous. sh. tons .. 18 Shipments total do 291 380 34 33 34 29 25 34 32 37 35 35 r33 24 For sale do 98 180 17 17 17 13 12 17 16 19 18 17 16 10 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-25 Steel, Raw and Semifinished Steel (raw): Production thous sh tons 1 83 379 1 92 528 6 915 6 378 6703 6422 6 013 6 984 6 851 8 269 7 872 7 830 7 292 7 oio 7 130 6924 Rate of capability utilization percent . . 55.4 68.4 60.5 57.7 58.4 57.8 52.4 60.9 66.1 72.1 71.6 68.9 66.3 62.1 63.2 63.4 Steel castings: Orders, unfilled, for sale, end of period thous. sh. tons .. 142 Shipments, total do 727 940 87 73 85 77 70 80 82 86 85 84 r74 63 For sale, total do 670 862 79 67 79 72 67 76 76 80 79 79 r68 59 Steel Mill Products Steel products, net shipments: Total (all grades) thous sh tons 67584 ' 73 739 6 033 5454 6087 5317 4 867 6017 5598 6 344 6425 6 519 6 125 5053 6064 By product: Semifinished products do 3899 '4407 357 332 333 317 259 315 357 438 374 407 361 282 362 Structural shapes (heavy), steel piling do '3448 '4 156 282 314 349 301 274 379 300 389 221 403 398 321 425 Plates do 3832 4339 345 304 342 323 297 339 328 410 419 421 381 231 339 Rails and accessories do 883 1 239 99 98 102 90 82 97 87 93 96 90 83 63 57 Bars and tool steel, total do '11666 1 13 232 1 143 977 1 139 913 807 1 038 998 1 069 1 129 1 094 993 777 990 Bars: Hot rolled (including light shapes) ... .do 1 6 285 '7255 638 510 618 492 426 592 586 563 395 567 509 355 492 Bars: Reinforcing do M 138 '4 432 378 358 396 315 297 323 299 383 418 411 380 353 398 Bars: Cold finished . do 1 197 1 484 122 105 121 102 78 118 107 117 111 111 99 69 95 Pipe and tubing . do 3242 4276 392 316 381 339 320 306 286 338 381 344 359 279 406 Wire and wire products do 1384 1222 100 98 100 79 69 96 91 112 113 105 99 91 96 Tin mill products do 4308 '4062 380 340 304 278 350 317 300 312 308 326 330 321 343 Sheets and strip (including electrical), total do 34792 36806 2935 2675 3037 2678 2409 3 130 2852 3 184 3232 3 328 3 122 2690 3045 Sheets- Hot rolled do 11 619 13 133 1 050 922 1 057 907 853 1 032 966 1 105 1 139 1 187 1 087 942 1 108 Sheets- Cold rolled do 13781 13664 1 054 991 1 123 1 007 894 1 185 1 091 1 176 1 190 1 208 1 132 1 000 1 067 By market (quarterly): Service centers and distributors do .... 15,713 1 17,234 3,696 3,750 4,168 4,572 2 1,441 2 1,426 Construction, incl. maintenance do .... 6276 '6052 1 523 1395 1498 1 695 2 540 2 558 Contractors' products do.... 2,597 2563 638 580 604 688 *216 2 240 Automotive do .... 12,087 12,554 3020 2906 3458 3360 920 996 Rail transportation do.... 918 1,036 253 222 273 316 71 66 Machinery, industrial equip., tools do.... 2320 2737 662 570 588 555 137 179 Containers, packaging, ship, materials do 4532 4337 1 139 928 968 1072 369 385 Other do '23011 26500 6375 5941 6403 6811 2002 2212 Steel mill shapes and forms, inventories, end of period — total for the specified sectors: mil. sh. tons .. 23.9 25.6 26.8 26.1 25.5 25.0 25.6 255 255 260 261 262 26.1 26.4 Producing mills, inventory, end of period: Steel in process mil. sh. tons.. 7.1 7.6 80 77 74 72 76 75 75 77 77 76 74 75 Finished steel do 57 60 6 1 60 57 58 6 0 60 57 60 60 6 0 6 2 6 1 Service centers (warehouses), inventory, end of period mil. sh. tons.. 5.7 6.0 64 62 63 60 60 59 59 59 60 60 60 61 Consumers (manufacturers only): Inventory end of period do 5 4 6 0 6 3 6 2 6 1 6 0 6 0 6 1 6 4 6 4 6 4 6 6 6 5 67 Receipts during period . do 481 453 4 5 3 7 3 7 3 3 2 9 3 5 3 7 3 8 4 1 4 2 3 7 3 9 Consumption during period do.... 46.8 44.7 42 38 38 34 29 34 34 38 4 1 40 38 37 NONFERROUS METALS AND PRODUCTS Aluminum: Production, primary (dom. and foreign ores) thous. met. tons 3353 4099 344 329 338 325 334 329 289 312 295 304 288 Recovery from scrap t do . 1773 1760 144 134 149 132 128 130 127 136 133 129 126 Imports (general): Metal and alloys, crude do 7149 9753 680 89 9 93 0 68 6 57 4 75 6 62 7 889 73 2 80 4 848 759 804 Plates, sheets, bars, etc do 2583 4998 478 38 1 49 0 32 3 29 6 43 4 35 5 44 0 368 477 359 347 349 Exports: Metal and alloys, crude do 3607 2862 375 23 9 17 9 32 9 32 3 43 9 34 6 24 9 31 0 328 588 418 Plates, sheets, bars, etc do ... 1666 2244 21 2 192 197 13 0 15 3 18 6 147 17 0 175 147 162 124 Price, U.S. market, 99.7% purity * $ per lb., 6821 6105 5438 4845 5014 5508 5144 5007 5129 5119 5196 5200 4794 4686 4753 Aluminum products: Shipments: Ingot and mill prod (net ship ) mil lb 13622 14 561 1 236 1 128 1 282 1 140 1 207 1 132 1 097 1 254 1 209 1 287 1 191 1 175 Mill products, total do.... 10,578 11,030 925 '836 956 843 773 '878 868 980 970 983 r933 931 Sheet and plate do '6336 6333 517 453 523 469 448 490 500 573 562 583 r548 551 Castings . do '1 822 1 830 154 144 171 154 127 171 157 165 165 166 158 133 Inventories, total (ingot, mill products, and scrap), end of period mil. lb.. 4,994 5,850 5794 5881 5,889 5922 5850 5759 5678 5657 5600 5647 r5,596 5,570 Copper: Production: Mine, recoverable copper thous. met. tons.. 1,038.1 ' 1 087 0 878 868 930 91 1 879 91 6 859 99 1 925 957 889 Refinery primary do 1 182 1 ' 1 200 2 89 0 84 5 103 3 97 8 101 8 100 7 90 9 105 0 101 3 107 8 86 4 From domestic ores ... do 10037 ' 1 084 3 79 4 75 5 94 7 91 7 93 6 93 1 84 4 99 4 94 1 100 7 79 9 From foreign ores do 1784 1159 96 90 85 61 8 2 7 6 6 5 56 72 7 1 65 Refined from scrap Q do 401 5 309 5 31 0 29 0 24 4 19 9 20 6 224 21 o 23 2 27 4 24 0 250 Imports, unmanufactured (general): Refined, unrefined, scrap (copper cont.) do 7147 6527 41 5 400 608 334 350 58 1 287 405 281 335 51 1 342 31 1 Refined do 4864 521 3 33 6 29 1 51 9 26 9 24 6 46 7 21 8 31 8 223 26 8 41 5 27 2 257 Exports: Refined and scrap . ... do 2772 3607 17 1 16 1 24 8 21 9 41 9 27 7 33 1 34 0 40 1 27 6 459 51 8 423 Refined do 87 5 939 23 22 1 9 28 69 20 33 77 37 1 3 39 57 63 Consumption, refined (reported by mills etc ) ^) do 1767 2036 153 166 172 167 146 172 172 175 174 166 157 Stocks, refined, end of period <} do... 672 556 636 606 585 554 554 524 476 452 413 368 357 Price, avg. U.S. producer cathode, delivered § $ per lb . .7653 6685 6454 6341 .6204 6565 6354 6449 .6645 6555 7032 6986 6709 .6677 See footnotes at end of tables. S-26 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ,, ., methodological notes are as shown in ^n ls BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. METALS AND MANUFACTURES—Continued NONFERROUS METALS AND PRODUCTS-Continued Copper-base mill and foundry products, shipments (quarterly total): Brass mill products . mil Ib 2116 2717 •'645 3611 635 620 Copper wire mill products (copper content) do . 2285 2138 3 500 3 480 465 442 Brass and bronze foundry products do 422 4 626 3 150 3 150 149 158 Lead: Production: Mine recoverable lead thous met tons 4490 321 9 23 4 18 6 22 4 195 254 314 329 372 388 367 321 34 1 Recovered from scrap (lead cont ) do 5035 567 1 500 490 517 481 41 3 416 31 4 464 439 447 349 41 1 Imports (general), ore (lead content), metal do 588 803 33 114 72 54 69 83 49 60 50 41 3.0 7.9 5.6 Consumption, total do 1 1485 1 1 207 0 973 967 1032 925 91 S 873 101 5 1007 901 r860 77.0 65.8 Stocks, end of period: Producers', ore, base bullion, and in process (lead content) ABMS thous met tons 74 5 107 9 70 6 86 9 86 8 990 1079 979 85 1 782 779 782 660 756 766 Refiners' (primary), refined and antimonial (lead content) thous met tons 583 477 756 633 644 506 477 462 565 743 84 1 985 1180 1129 Consumers' (lead content) ^ do 1008 97 1 724 737 679 670 688 671 687 686 719 718 70.7 68.1 Scrap (lead-base, purchased), all smelters (gross weight) thous met tons 328 209 300 27 5 228 21 7 209 203 178 176 21 8 226 21 1 230 Price common grade delivered $ per Ib 2168 2555 2824 2418 2233 2525 2189 1909 1882 1768 1992 2011 1905 .1988 Tin: Imports (for consumption): Ore (tin content) metric tons 969 3273 715 387 37 33 8 294 22 1 119 46 53 10 1 34 048 41 241 3 510 2 834 3 271 2834 2408 3261 1 526 2938 2352 3915 3 145 1 566 2746 Recovery from scrap total (tin cont ) do 1 12 372 1 11 446 1073 1 073 904 958 791 794 839 536 533 847 785 As metal do i\ igo 2202 201 201 199 191 180 143 132 172 145 Consumption total do 55800 50400 4400 4100 4000 3300 3500 4000 3900 4600 4500 4600 4400 Primary do 40400 38700 3400 3 100 3000 2,500 2,700 3,100 2,900 3,500 3,400 3,500 3,300 Exports incl reexports (metal) do 3552 3 184 244 351 150 189 243 199 229 194 245 303 217 242 101 Stocks, pig (industrial), end of period do 3020 2592 2837 2495 2512 2326 2,592 2766 2283 2407 2228 2,853 3042 Price Straits quality (delivered) $ per Ib 65478 62380 62600 6 1808 60361 60994 59876 57367 56262 56568 59156 58861 60403 Zinc: Mine prod recoverable zinc thous met tons 2753 252 8 162 15 1 21 5 214 192 197 21 8 236 178 189 188 Imports (general): Ores (zinc content) do 1 62 2 956 24 95 82 188 203 18.7 37 4.1 43 1.1 121 1.2 3.1 Metal (slab blocks) do 6134 6325 326 369 61 4 39.6 382 42.5 39.7 52.3 53.2 40.9 69.5 45.8 41.3 Consumption (recoverable zinc content): Ores do 529 68 1 43 56 44 57 63 57 53 56 55 4 1 29 Scrap all types do 1902 2514 219 217 227 217 212 21.8 214 203 21.4 21.1 21.6 Slab zinc: @ Production, total t thous. met. tons .. 261.8 290.0 23.6 23.0 23.1 22.8 28.3 28.0 25.8 30.2 25.6 24.4 19.3 21.4 24.4 24.8 Consumption fabricators do '7753 1 848 9 676 651 692 649 624 653 644 628 61 0 660 590 Exports do 4 8 (2) (2) (2) (2) (2) 1 (2) (2) (2) (2) (*) (2) Stocks, end of period: Producers', at smelter (ABMS) do.... 23.9 43.7 40.3 44.4 36.8 32.7 43.7 43.6 41.7 34.3 32.3 32.0 32.1 32.3 34.3 36.2 Consumers' do !890 J725 665 623 539 587 588 543 552 580 594 r545 483 Price Prime Western $ per Ib 4139 4860 4785 4642 4419 4360 4362 4294 4265 4320 4488 4512 4373 4144 MACHINERY AND EQUIPMENT Heating, combustion, atmosphere equipment, new orders (domestic), net qtrly # mil $ '2745 3989 883 1056 1098 85.0 Electric processing heating equipment do 878 1086 274 244 268 25.3 Fuel-fired processing heating equip do.. 7773 1455 243 480 49.1 26.1 Material handling equipment (industrial): Orders (new), index, seas, adj . . 1967 — 100 2757 3538 4038 3972 4176 3724 3467 Industrial supplies, machinery and equipment: New orders index, seas, adjusted 1977 = 100 .. 97.9 120.6 129.1 121.0 118.5 123.2 122.7 118.4 116.4 118.4 118.6 121.8 125.5 125.5 120.3 Industrial suppliers distribution: Sales index, seas, adjusted 1977-100 1139 1430 1549 1488 1466 1465 1332 143.5 145.9 140.5 148.1 152.2 144.1 143.6 151.7 144.7 Inflation index, not seas. adj. (tools, material handling equip., valves, fittings, abrasives, fasteners, metal products, etc.) 1977 = 100.. 155.0 158.8 159.6 159.9 160.0 160.3 160.2 161.6 162.0 162.4 162.9 163.0 163.5 163.6 163.3 163.4 Fluid power products shipments indexes: Hydraulic products § 1972—100 203 269 260 275 303 254 237 264 250 273 282 259 249 r231 241 Pneumatic products § do 208 270 300 262 295 269 237 274 270 296 294 290 271 r257 285 Machine tools: Metal cutting type tools: Orders new (net), total .. . mil $ 1 151 65 1 915 80 13500 22215 19175 16000 15910 13775 16375 22700 12210 170.75 182.85 149.85 * 130.20 Domestic do 1 069 45 1 699 55 118 25 194 85 176 65 15475 142 15 12475 14805 20270 11285 15735 15995 114 85 "11570 Shipments, total do 1 371 50 1 606 50 11695 151 35 145 15 15905 20085 8975 10830 15900 103 15 11885 163.00 125.05 " 143.05 Domestic do 1 199 60 1 483 85 111 05 13870 129 45 147 15 183 45 80 60 9895 14035 9815 11000 14940 111 30 "137 20 Order backlog end of period do 8232 1 1324 10558 1 1267 1 1732 1 1742 1 1324 1 1804 12359 13039 13228 1 3748 13946 1,4194 "1,406.6 Metal forming type tools: Orders new (net), total do 54450 1 000 00 6560 6405 9185 5200 9605 7370 7375 5230 6140 5195 5235 5000 "53.70 Domestic do 48875 931 50 6200 60 25 71 55 51 45 9300 71 15 6955 4705 5730 4645 4855 4305 "4690 Shipments total do 47355 67935 4740 5940 6260 5270 7485 4805 5795 6865 6660 5845 7600 r6975 "72.85 Domestic do 43045 60875 44 10 51 15 5760 4830 6910 4595 5270 6420 6365 5380 7335 r6325 "63.85 Order backlog, end of period do 221 6 5422 4878 4924 5217 5210 5422 5678 5837 5673 5621 5556 532.0 r512.2 "493.0 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-27 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and ITmS. methodological notes are as shown in unus BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. METALS AND MANUFACTURES—Continued MACHINERY AND EQUIPMENT— Continued Tractors used in construction, shipments, qtrly: Tracklaying, total units 7247 9049 655 627 696 607 785 mil. $ .. 633.6 797.6 628 56.9 624 63.8 772 Wheel (contractors' off-highway) units 3636 4935 1289 1579 mil. $ .. 272.9 3753 1042 1101 Tractor shovel loaders (integral units only), wheel and tracklaying types units.. 24,823 31290 7653 6711 mil. $ .. 1,143.0 1,429.0 348.1 335.4 Tractors, wheel, farm, nonfarm (ex. garden and construction types), ship , qtrly units 51890 66646 2 924 5484 8819 4419 4093 mil $ 18162 24240 1056 2080 3736 1486 1343 ELECTRICAL EQUIPMENT Batteries (auto.-type replacement), shipments thous 56105 59332 5377 5968 6334 6085 5 517 4593 4 545 3855 3495 3741 4 oil 4073 5359 Radio sets, production, total market. thous 36454 46420 4 174 2 4 653 5448 3703 23300 3 961 3 111 24543 2859 3229 23410 Television sets (incl. combination models), production, total market thous .. 19,680 22,210 1,761 2 2,480 2,102 1,695 2 1,923 1,220 1,588 2 2,180 1,471 1,481 2 1,970 992 1,611 2,137 Household major appliances (electrical), factory shipments (domestic and export) # thous .. 32,466 39,446 r27 r3,264 12 3,094 2,886 3,389 2,949 3,888 3,509 4,182 3,830 3,318 3,211 3,390 Air conditioners (room) do 2002 3103 47 40 36 51 113 209 277 530 524 632 416 171 68 49 Dishwashers do 3 121 3 491 311 r313 324 271 254 295 259 284 276 286 322 307 285 313 Disposers (food waste) do 3*544 4087 334 r366 361 363 302 374 353 356 275 360 355 293 348 387 Microwave ovens/ranges * do 5933 9 132 716 888 1006 986 953 858 598 1 120 827 1056 855 728 838 852 Ranges do 2754 3 074 252 271 278 252 221 257 217 241 251 260 270 261 266 279 Refrigerators do 5*476 5 994 577 520 505 388 335 437 357 448 472 564 648 668 537 559 Freezers do 1*341 1 281 133 106 87 81 70 110 73 86 90 112 136 149 131 108 Washers do 4616 5049 445 435 465 389 341 451 416 425 412 468 462 422 425 476 Dryers (incl gas) do 3294 3 684 308 322 382 309 284 360 324 290 286 307 319 298 298 360 Vacuum cleaners (qtrly.) do.... 7,942 GAS EQUIPMENT (RESIDENTIAL) Furnaces, warm air, shipments thous .. 1,662 1,849 170 200 224 172 163 148 114 126 112 115 131 128 182 Ranges, total, sales do 1 573 1 732 146 173 153 146 151 128 130 164 125 143 174 109 163 Water heaters (storage), automatic, sales do .... 3,172 3,502 259 236 346 272 279 319 284 286 324 278 270 288 274 PETROLEUM, COAL, AND PRODUCTS COAL Anthracite: Production "j* thous sh tons 4089 r4 162 r458 r445 r367 r349 r340 282 279 329 r249 r335 r420 301 302 281 Exports... do 776 680 186 91 45 88 3 15 22 62 69 168 128 64 169 Producer Price Index 1967-100 617 1 6113 6108 6108 6108 6102 6147 6150 615 0 6150 6149 6149 6148 6148 6148 6152 Bituminous: Production t thous sh tons 778 003 r891 759 r90 365 r78 538 r69 419 r64 039 r63 475 67 977 67 041 77 659 r76 535 r78 240 r73 017 69295 79986 72785 Consumption total t do 733 850 788 203 73343 63 910 64 394 64 324 67 806 74 689 65 633 64 674 61 634 64690 66790 Electric power utilities do 624 175 663 329 63*299 53963 54669 54 138 56467 63 541 55393 54 612 50762 54425 57373 64 182 Industrial, total do 102 586 117214 9466 9178 9 177 9606 10*596 10471 9648 9640 10234 9881 9114 Coke plants (oven and beehive) do.... 37,005 43987 3618 3555 3315 3344 3470 3461 3280 3508 3849 3776 3,282 Residential and commercial do 7090 7660 578 769 548 580 743 677 592 422 638 385 305 Stocks, end of period, total t do 162 070 190 410 193 473 201 309 200 426 195 272 190 410 176 728 170 192 172 513 177 903 180 485 181 261 Electric power utilities . do 149 091 173 017 170 345 176 523 178 105 175415 173 017 160*805 155 740 159 531 164 815 167 293 167 963 158 865 Industrial total do 12979 17 393 23 128 24 786 22321 19857 17 393 15 923 14 452 12 982 13 088 13 192 13 298 Oven-coke plants do 4337 6 158 10 089 10 533 9 074 7 616 6*158 5 575 4 992 4 409 4 466 4 522 4 579 Exports do 76870 80792 8 048 8 619 6 595 4 101 6 522 5 801 6 008 6 634 6 989 9 059 7781 7247 10245 Producer Price Index 1967-100 5338 5435 547 0 546 1 5459 5456 544 6 544 g 546 4 5456 544 5 r5451 5440 5435 5435 5480 COKE Production: Beehive and oven (byproduct) thous. sh. tons .. 25,808 30561 7522 7 115 7211 Petroleum coke § do 30661 32 131 2 487 2 660 2 622 2 635 2 595 2 449 2 188 2 486 2566 2722 2914 2953 Stocks, end of period: Oven-coke plants, total do..., 3,518 3716 3441 3716 3471 At furnace plants do.... 3,233 3,363 3 146 3363 3077 At merchant plants do 286 353 295 353 393 Petroleum coke $ . . do 1096 968 954 991 1 028 1 000 968 959 1 030 1 086 1 045 1 111 1 100 986 Exports . do 731 1 130 115 87 191 133 117 98 34 28 32 215 115 117 62 PETROLEUM AND PRODUCTS Crude petroleum: Oil wells completed number 37207 41064 3968 3946 3434 3 131 3718 (3) Producer Price Index 1967 — 100 6814 6698 671 i 670 6 669 8 655 8 649 4 631 2 615 1 615 5 617 6 r6209 6202 6194 6143 6157 Gross input to crude oil distillation units $ mil bbl 4 360 7 4 471 0 388 6 374 2 376 7 367 7 371 0 359 2 321 6 356 7 359 0 381 4 374 i 394 0 Refinery operating ratio $ % of capacity 72 76 78 78 76 77 76 75 74 74 76 78 79 81 All oils, supply, demand, and stocks: $ New supply total ()... mil bbl 56029 5 851 7 481 1 478 3 507 9 488 2 4807 464 5 406 5 473 6 471 9 506 4 4649 479 1 Production: Crude petroleum. ... do 3 1710 32497 273 1 269 8 276 1 269 4 275 8 276 8 250 0 276 7 265 3 2780 2689 2760 Natural gas plant liquids do 5882 613 1 517 51 0 528 51 3 521 522 468 51 5 492 51 1 497 506 Imports: Crude and unfinished oils do 1 317 8 1 368 8 108 6 109 2 127 3 117 7 104 5 88 9 67 8 98 1 114 3 128 8 1064 112 5 Refined products do 5259 6202 477 483 518 498 482 467 41 9 47 3 432 485 398 400 Change in stocks, all oils do 237 1026 155 153 31 1 124 1 453 42 4 8 1 147 335 25 46 Product demand, total do 58292 60187 5222 4773 5026 4943 5070 5249 4712 4964 4832 501 1 4872 5019 Exports: Crude petroleum do 599 662 59 48 4 4 6 1 57 45 62 59 7 1 77 68 48 Refined products do 2099 1969 167 151 141 195 247 200 177 156 158 14 1 139 161 See footnotes at end of tables. S-28 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and .. . ljnus methodological notes are as shown in Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. PETROLEUM, COAL, AND PRODUCTS—Continued PETROLEUM AND PRODUCTS— Continued All oils, supply, demand, and stocks $— Continued Domestic product demand total $ mil bbl 55594 57556 499 g 457 4 484 1 468 8 4766 500 4 4473 4750 4604 4793 4665 481 0 Gasoline do 24265 24582 2209 1983 2092 2047 2037 1970 183 1 2062 2088 2189 2100 2178 Kerosene do 464 422 25 35 26 52 42 77 51 27 28 23 2.5 2.2 Distillate fuel oil do 981 9 10412 793 796 857 848 888 1073 924 951 830 806 775 760 Residual fuel oil do 5186 5012 391 350 33 1 406 369 459 376 389 340 389 31.4 32.3 Jet fuel do 3818 4302 387 362 379 347 385 37.5 318 34.8 36.6 34.9 34.2 37.1 Lubricants do 534 570 48 49 51 44 3.8 40 43 4.5 4.7 4.6 4.6 4.3 Asphalt do 2 136 2 149 5 222 19 1 168 107 6 1 42 43 73 106 146 179 21 1 Liquefied petroleum gases do.... 550.7 575.5 46.2 43.9 51.2 47.7 53.5 62.0 52.4 48.4 41.8 41.8 43.5 44.9 Stocks, end of period, total do 14536 1 5562 14975 1 5128 1 5439 1 5563 15562 1 5098 14674 14593 14740 1 5075 1 5100 1,514.6 Crude petroleum do 7229 7959 764 1 7563 7798 7869 7959 7935 7856 7907 8067 8283 819.4 810.1 Strategic petroleum reserve do 379 1 450 5 429 5 431 1 436 8 443 0 4505 457 4 460 1 461 6 464 9 4719 4766 4835 Unfinished oils, natural gaso- line etc do 161 5 1398 1553 1589 1598 1556 1398 1438 1439 1516 1554 1567 1545 1553 Refined products . do 5692 6206 578 1 5976 6044 6138 6206 5725 5379 5170 5119 5225 536.1 549.2 Refined petroleum products: $ Gasoline (incl. aviation): Production do 23233 2371 1 1995 1962 1987 2021 2014 1830 1657 1879 1904 2032 203.7 210.6 Stocks end of period do 1878 2079 1883 1965 1955 201 2 2079 200.4 1926 1889 184.4 183.6 188.6 194.0 Prices, regular grade (excl. aviation): Producer Price Index 2/73-100 .. 551.7 515.1 504.6 500.3 509.8 511.3 502.0 480.5 458.4 467.2 493.9 522.5 4 535.7 539.2 526.7 513.6 Retail, U.S. city average (BLS): * Leaded $ per gal.. 1.157 1.129 1.116 1.120 1.127 1.124 1.109 3 1.060 1.041 1.071 1.119 1.144 1.153 1.154 1.143 1.129 Unleaded do 1241 1212 1 196 1203 1.209 1.207 1.193 3 1.148 1.131 1.159 1.205 1.231 1.241 1.242 1.229 1.216 Aviation gasoline: Production mil bbl 92 9 1 9 7 7 8 .6 .4 5 7 7 6 .7 .9 Stocks, end of period . do 23 27 24 24 25 26 2.7 2.6 2.6 2.5 2.4 2.3 2.2 2.3 Kerosene: Production do 400 418 27 37 4 1 39 4.7 3.5 42 3.5 26 17 2.1 2.7 Stocks, end of period do 79 119 85 89 112 108 11.9 8.0 7.4 8.3 8.1 7.5 7.2 7.7 Producer Price Index (light distillate) 1967 — 100 9061 8703 8630 8532 8544 857 1 847.5 840.8 8333 8275 8245 8269 4 803.1 776.1 777.4 810.1 Distillate fuel oil: Production mil bbl 8965 981.2 82.5 81.2 83.4 84.8 86.7 80.9 69.8 69.6 74.2 82.8 79.4 82.0 Imports do 635 994 80 87 130 95 59 84 42 48 73 63 4.4 2.9 Stocks end of period do 1403 161 1 1333 1429 1522 1610 161.1 141.8 121 5 994 971 1047 110.0 115.5 Producer Price Index (middle distillate) 1967-100 . 889.8 880.5 859.6 837.8 854.4 868.9 851.4 835.7 810.3 809.9 820.3 851.0 <797.7 755.2 743.6 800.5 Residual fuel oil: Production mil bbl 3109 3262 248 255 281 278 326 307 289 296 266 242 206 221 Imports do 2552 2492 177 182 143 176 195 184 172 154 127 156 12.8 13.4 Stocks end of period . do 485 530 446 468 508 470 530 468 470 463 466 418 40.2 40.8 Producer Price Index 1967-100 10589 1 1196 1 1248 1,1101 1,1140 1,1323 1 131.4 1,123.8 1,107.2 1,112.3 1,087.9 1,058.7 4 894.3 900.2 930.2 932.4 Jet fuel: Production mil bbl 3732 4143 377 346 363 342 355 347 320 359 337 346 33.4 36.0 Stocks, end of period do 386 420 456 450 447 449 420 410 417 44 1 417 422 42.4 42.6 Lubricants: Production do 538 58.3 50 5.3 47 48 4.3 4.4 4.0 4.4 4.3 4.6 4.7 4.6 Stocks end of period do 12 1 127 120 12 5 12 1 125 127 129 127 12 5 120 120 122 125 Asphalt: Production do 2 135 7 1413 182 155 128 109 83 74 64 8.8 11.3 14.4 16.1 16.9 Stocks end of period do 2 18 8 172 18 5 16 0 13 1 14 1 172 210 237 259 274 284 278 25.0 Liquefied petroleum gases: Production total do 5992 6209 53 1 508 522 515 520 514 47 1 518 507 528 52.1 53.7 At gas processing plants (L P G ) do 4796 4882 41 0 404 41 8 41 3 422 420 376 41 1 39 1 407 39.4 39.8 At refineries (L R G ) do 1196 1327 120 104 10 4 10 1 99 94 95 107 11 6 12.1 12.7 13.9 Stocks (at plants and refineries) do.... 100.6 100.8 113.7 115.2 110.9 108.3 100.8 86.4 77.0 77.4 80.8 87.6 92.7 96.1 PULP, PAPER, AND PAPER PRODUCTS PULPWOOD t 1 84 475 i gg g76 7 642 7 398 7 971 6 996 7 481 7 481 7 068 7 483 7 009 6958 6918 7,003 Consumption do 1 85 442 1 87 646 7368 7246 7625 7 153 6875 7413 6981 7651 7 148 7,072 6,943 7,022 Inventories end of period do 5 229 5 574 4 825 5023 5475 5314 5 574 5552 5453 5256 5 136 4952 4925 4,881 WASTE PAPER t Consumption thous sh tons 1 14 ggg 1 15 889 1 347 1 271 1 381 1 300 1 513 1 355 1 179 1360 1 245 1 223 1264 1,212 Inventories end of period do 923 1025 955 931 976 993 1025 1036 1003 977 994 970 985 1,011 WOODPULP t Production: Total thous sh tons 1 52 537 1 55 549 4791 4 567 4 765 4 496 4 340 4 595 4373 4 844 4394 4522 r4456 4,499 Dissolving pulp . do 1261 1206 109 73 103 101 87 86 118 118 104 112 97 86 Paper grades chemical pulp do 42358 44709 3 891 3707 3 839 3 632 3476 3716 3502 3893 3506 3618 r3584 3632 Groundwood and thermo- mechanical do 5067 5 534 461 455 462 436 447 452 429 484 451 441 428 445 Semi-chemical do 3851 4100 330 334 361 326 330 341 325 349 333 352 346 335 Inventories, end of period: At pulp mills: Own use woodpulp do 170 174 159 160 164 161 174 165 172 191 165 175 r!92 186 Market pulp do 384 585 409 418 502 591 585 666 695 685 636 560 529 563 Market pulp at paper and board mills do 550 484 506 508 474 497 484 471 482 484 449 444 442 414 Exports all grades total do ;3674 1 3 594 318 285 284 274 311 301 223 399 328 309 372 334 Dissolving and special alpha . do 646 595 43 49 48 28 65 53 39 89 59 46 80 52 All other do. 1 3,027 1 2,999 275 236 236 246 246 247 184 309 269 263 292 282 Imports, all grades, total do ' 4,093 1 4,490 389 386 344 415 416 313 380 460 335 380 384 392 Dissolving and special alpha do 179 147 8 22 7 5 16 3 16 17 4 11 5 14 All other do J3914 '4343 381 364 337 411 399 309 364 443 331 369 379 378 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-29 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and f] -t methodological notes are as shown in units BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. PULP, PAPER, AND PAPER PRODUCTS—Continued PAPER AND PAPER PRODUCTS t Paper and board: Production (API): Total thous sh tons 1 65 000 1 68 457 5875 5 669 5908 5 575 5 158 5779 5345 5943 5420 5 756 r5498 r5380 5796 Paper do 32823 34 418 2907 2*786 2997 2820 2663 2942 2750 2990 2811 2870 r2760 r2759 2899 Paperboard. do 32 177 34 259 2 967 2 883 2 912 2755 2495 2 837 2 595 2 953 2 609 2886 2738 r2622 2897 Producer price indexes: Paperboard 1967-100 2509 2814 2851 2886 2937 293 4 2934 287 2 2859 2857 2842 2821 2762 2732 2663 2666 Building paper and board do.... 250.0 259.1 259.8 259.4 257.7 253.7 253.4 255.3 256.2 256.3 257.6 258.6 261.1 263.3 261.0 262.8 Selected types of paper (API): Groundwood paper, uncoated: Orders, new thous sh tons '1 581 n i 575 150 123 139 112 124 138 101 118 110 121 142 133 138 Orders, unfilled, end of period ... do 145 140 166 168 165 153 164 161 140 132 r85 r93 121 138 142 Shipments do 71 531 i\ 565 129 123 135 126 113 125 119 129 123 116 114 119 132 Coated paper: Orders, new . do '5864 J6171 545 479 553 527 516 555 455 472 509 464 492 r452 456 Orders, unfilled, end of period ... . do 513 587 488 482 570 561 587 561 520 459 445 410 r442 r423 389 Shipments do 5716 6 249 538 496 553 527 504 563 499 540 516 496 456 r470 492 Uncoated free sheet papers: Orders, new .. do '9076 '8939 724 712 797 733 693 777 763 865 855 827 771 r752 820 Shipments do 1 9 060 7 9 482 794 749 828 768 714 817 773 856 856 848 813 r809 863 Unbleached kraft packaging and industrial converting papers: Shipments thous. sh tons '3666 J3666 304 302 313 289 256 302 293 295 258 290 267 280 282 Tissue paper, production do M789 M921 411 413 434 420 420 416 392 428 394 419 r416 r407 427 Newsprint: Canada: Production thous metric tons 8 486 9 016 775 746 793 758 740 789 741 804 749 768 725 718 767 Shipments from mills do 8*440 9 034 752 743 792 770 772 739 709 810 753 742 733 728 742 Inventory, end of period do 303 283 326 329 329 318 283 333 366 360 356 382 375 365 390 United States: Production do 4688 5025 426 415 426 417 389 425 406 443 387 418 408 416 414 Shipments from mills do. 4674 5065 417 409 426 422 391 415 404 432 408 410 406 403 412 Inventory, end of period do 99 60 61 67 67 62 60 70 73 84 63 71 73 84 86 Estimated consumption, all users () do 10587 11441 950 969 1017 1039 999 873 866 1004 957 1009 r964 r891 939 Publishers' stocks, end of period # thous. metric tons .. 790 874 951 924 903 875 874 916 961 967 977 955 930 r962 972 Imports thous. sh. tons- 6,919 7,894 713 666 649 664 637 668 659 791 743 720 693 668 Producer Price Index, standard newsprint 1967 — 100 3030 323 1 331 2 331 2 332 5 334 9 333 2 334 3 332 4 332 4 332 6 332 9 333 7 3330 3349 3339 Paper products: Shipping containers, corrugated and solid fiber shipments mil. sq. ft. surf. area.. 252,539 268,070 r23,859 21,605 24,852 21,103 19,496 23,127 20,337 21,708 22,582 22,345 21,245 22,025 23,167 RUBBER AND RUBBER PRODUCTS RUBBER Natural rubber: Consumption thous. metric tons 67627 75072 5606 6365 5829 5537 54 13 7176 6574 91 53 5167 8900 r45 16 5536 4730 Stocks, end of period do.. . 8075 9642 8475 8622 8734 9130 9642 9427 9731 9142 10191 9590 r9563 97.93 93.93 Imports, incl. latex and guayule thous. long tons 64207 78600 5623 6746 61 95 62 36 6221 71 64 71 68 8804 6398 8466 4809 5997 Price, wholesale, smoked sheets (N.Y.) $ per Ib 2 560 496 460 460 430 428 420 423 423 418 423 408 420 403 418 418 Synthetic rubber: Production thous metric tons 1 936 09 2 095 05 178 43 173 02 179 70 158 32 147 51 169 89 161 61 182 07 166 00 154 15 142 54 15036 149 12 Consumption . do 1 827 94 1 984 35 173 85 151 45 184 12 16634 147 17 155 80 169 54 159 59 154 76 152 67 143 56 13978 15098 Stocks, end of period . do 27794 274 11 300 64 311 99 301 44 28588 274 11 281 21 271 81 288 56 293 96 29246 28635 29579 29227 Exports (Bu. of Census). . .thous Ig tons 27501 32793 30 24 29 95 25 54 2592 25 68 23 86 22 68 28 94 2623 3038 2725 2221 TIRES AND TUBES Pneumatic casings, automotive: Production .. thous ; 186 9231 209 375 18078 17 333 19 136 16 645 15 682 18 381 17 375 18704 17388 16781 15216 12989 16635 Shipments, total .. do 218 865 242 454 20282 20 525 23 510 19 264 17 155 19 965 16 080 20521 20801 20794 20981 19326 21 054 Original equipment do 49364 58770 4551 4493 5467 4906 4324 5539 4925 5869 5*708 5727 5271 4,447 4759 Replacement equipment do. .. 164,265 176 287 15067 15473 17390 13*770 12159 13748 10*388 13*961 14561 14627 15341 14,502 15,819 Exports . do 5236 7397 664 559 653 588 672 678 767 691 532 440 369 377 476 Stocks, end of period do 33 340 39 623 37 199 37 685 37 277 37 995 39 623 41 948 45 905 48 875 49 168 49063 46909 44349 43553 Exports (Bu. of Census) . do 4656 6409 670 533 507 604 550 480 610 662 548 535 453 433 Inner tubes, automotive: Exports (Bu. of Census) do 1829 1 611 90 149 239 155 131 135 92 113 98 84 89 86 See footnotes at end of tables. S-30 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and , ., unuT s methodological notes are as shown in Sept. BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. STONE, CLAY, AND GLASS PRODUCTS PORTLAND CEMENT Shipments finished cement thous bbl 1 376 856 1 435 787 46 851 39 926 43 255 36 452 25 681 21 777 21 723 31 681 39 415 44 154 42617 45941 CLAY CONSTRUCTION PRODUCTS Shipments: $ Brick, unglazed (common and face) mil standard brick 62184 r6 990 6 r6626 r6642 r6529 r569 1 r4743 3444 321 5 5359 6014 6358 r630.1 702.8 Structural tile, except facing thous sh tons 508 r527 r34 r47 r50 r50 r54 42 43 49 49 47 r4.2 4.2 Sewer pipe and fittings vitrified do 419 9 r442 6 r40 8 r35 3 r40 6 r33 0 r279 26 0 229 31 0 360 373 r342 468 Floor and wall tile and accessories, glazed and unglazed mi sq ft 3483 r4087 r331 r326 r347 r352 r348 262 245 300 294 31 1 r31.8 31.8 Producer Price Index, Brick (common), f.o.b. plant or N Y dock 1967 — 100 337 8 350 3 351 1 353 4 3536 3538 3540 (4) GLASS AND GLASS PRODUCTS Flat glass mfrs ' shipments thous $ 954 927 955 088 253 243 245 357 6 250 695 285,426 Glass containers: t Production thous gross 294 090 291 682 27 637 23 282 26 113 21 457 16 482 22 000 19994 23 315 24 411 24397 24252 25140 Shipments, total do 293 103 289 950 28616 22898 25076 21 412 19,171 22764 19,974 22,913 24,475 24,922 r24,835 26,387 Narrow-neck containers: Food. do 28270 26 170 3 131 2221 1 916 1623 1 260 1999 1866 1 991 1,971 2,257 2,073 2,113 Beverage . do 62617 61 575 6716 4880 5206 4421 3,897 4496 4,118 4,917 5,632 5,791 6,030 6,353 Beer do 97100 90796 8197 6780 7,357 6,608 5,968 7,137 5,793 7,290 8,196 8,262 7,926 8,245 Liquor and wine do 23628 24429 2339 1866 2276 1 923 1 663 2007 1702 2080 2286 2260 2351 2601 Wide-mouth containers: Food and dairy products do 60 108 64302 6349 5373 6375 5 106 4,757 5 135 4,449 4,852 4,588 4,547 4,861 5,429 Narrow-neck and wide-mouth containers: Medicinal and toilet do 19592 20 311 1 599 1 590 1 746 1 526 1 494 1835 1847 1 545 1 649 1642 1429 1 487 Chemical, household, and in- dustrial . do 1788 2367 285 188 200 205 132 155 199 238 153 163 165 159 Stocks, end of period do 43307 42918 46406 44359 45,741 45,027 42,918 43,738 38,804 40,252 40,175 36,899 r36,258 36,054 GYPSUM AND PRODUCTS Production: Crude gypsum (exc byproduct) thous sh tons 1 12 884 1 14 390 1 511 1373 1271 1072 1 243 1073 985 1061 1,215 1285 1,195 1,300 Calcined do 13710 14829 1 236 1 179 1240 1 251 1,241 1293 1,134 1,467 1,555 1,418 1,358 1,502 Imports crude gypsum do 8031 8904 658 938 756 763 557 761 741 702 r943 r739 666 798 Sales of gypsum products: Uncalcined do 4 064 '4 544 469 503 376 319 378 301 321 239 345 355 423 415 Calcined: Industrial plasters do '442 1 522 49 43 49 43 38 43 40 46 50 47 46 48 Building plasters, total (incl Keene's cement) @ do 257 249 23 21 24 19 17 20 18 16 18 18 17 19 Board products total mil sq ft 16818 18324 1 581 1 425 1 681 1 470 1411 51 496 1 345 1617 1685 1647 1,572 1,674 Lath ... do 36 32 2 2 3 2 2 2 2 2 2 2 3 2 Veneer base do 368 407 36 32 36 34 33 33 30 36 37 39 34 37 Gypsum sheathing do 344 323 27 27 29 23 22 26 19 27 33 31 28 29 Regular gypsum board do 10 807 11 474 986 883 1058 932 895 908 818 976 995 970 940 992 4 283 '5 083 433 394 465 407 403 428 377 445 470 467 446 486 Predecorated wallboard do 119 '125 11 9 12 11 10 10 10 9 11 11 11 11 5/ie mobile home board do.... 861 '880 84 77 79 61 46 57 57 76 91 82 68 69 TEXTILE PRODUCTS FABRIC Woven fabric, finishing plants: 7 676 7 154 571 3 674 563 528 5 588 506 520 3 640 505 497 r3622 370 Cotton do 2750 2663 212 3 251 212 194 3216 201 199 3 240 195 190 r3226 137 Manmade fiber and silk fabrics do 4926 4492 360 3 423 351 334 3 372 305 320 3 400 310 308 r3396 233 Inventories held at end of period do 720 630 672 643 668 659 630 631 627 603 607 613 r605 574 Cotton do 252 276 263 263 272 270 276 273 276 268 266 263 259 237 Manmade fiber and silk fabrics do 468 354 409 380 396 389 354 359 351 336 341 350 r347 337 Backlog of finishing orders do 576 566 509 484 450 443 468 478 514 506 r480 508 Cotton do ... 187 206 196 192 190 184 175 189 188 178 164 165 Manmade fiber and silk fabrics do 388 360 313 292 261 259 293 290 326 328 r316 343 COTTON AND MANUFACTURES Cotton (excluding linters): Production: Ginnings 0 thous running bales 7 504 12 545 634 1 175 4 321 8972 11 079 70 681 2,432 Crop estimate thous net weight bales § 7771 12982 13381 13,638 Consumption thous running bales 5 553 4 803 416 3 494 415 377 3 407 387 406 3 504 407 426 3 522 369 464 Stocks in the United States, total, end of period # thous. running bales- 10,686 11,442 14,798 14,026 13,289 12,477 11,442 10,275 8,714 7,501 6,648 5,722 4,911 4,055 16,777 Domestic cotton total do 10685 11 441 14797 14025 13288 12476 11 441 10274 8713 7500 6,647 5,795 4,910 4,054 16,776 On farms and in transit do ... 1,159 3208 12,592 11949 9,594 4,432 3,208 1,942 1,298 974 1,032 929 625 425 1,326 8 924 7 551 1 491 1 432 3 155 7 486 7 551 7 580 6 541 5 644 4817 3989 3576 2908 2830 Consuming establishments do.... 602 682 714 644 539 558 682 752 874 '882 798 803 709 721 686 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-31 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and IT -t methodological notes are as shown in tmus BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. TEXTILE PRODUCTS—Continued COTTON AND MANUFACTURES— Cont. Cotton (excluding linters)— Continued Exports. thous running bales 5649 6 516 452 264 292 484 629 793 766 625 544 426 353 252 193 Imports thous net-weight bales § g 12 2 1 1 (i) (i) 2 3 5 6 1 2 (i) 1 Price(farm), American upland Q cents per Ib .. 66.0 60.4 67.4 64.6 64.6 61.8 55.8 52.1 48.9 54.5 55.9 54.7 57.5 58.0 56.0 "54.3 Price, Strict Low Middling, Grade 41, staple 34 (IVie"), average 10 markets cents per Ib.. 63.1 73.1 63.0 61.2 61.2 60.4 60.4 60.0 58.6 60.2 61.7 60.1 59.8 59.6 57.9 56.4 Spindle activity (cotton system spindles): Active spindles, last working day, total mil 139 13 1 135 134 134 130 13 1 12 9 128 129 128 128 128 125 126 Consuming 100 percent cotton do.... 5.3 5.0 5.1 5.1 5.1 5.1 5.0 4.9 4.8 4.8 4.8 4.8 4.7 4.6 4.6 Spindle hours operated, all fibers, total bil 903 846 65 47 5 65 58 <62 57 6 1 '75 60 60 <72 49 60 Average per working day do.... .343 .327 .323 .301 .325 .291 .247 .287 .305 .296 .298 .298 .288 r.246 .298 Consuming 100 percent cotton do.... 33.7 30.9 2.4 4 2.1 2.4 2.2 4 2.3 2.0 2.2 <2.6 2.1 2.2 4 2.5 1.8 2.2 Cotton cloth: Cotton broadwoven goods over 12" in width: Production (qtrly.) mil. sq. yd .. 4192 4002 947 955 1014 991 Orders, unfilled, end of period, compared with average weekly production no. weeks' prod .. 118 128 11 5 120 11 1 113 109 90 85 92 92 89 98 89 Inventories, end of period, compared with avg. weekly production .... no weeks' prod 47 43 45 43 45 50 32 50 51 48 46 45 44 45 Ratio of stocks to unfilled orders (at cotton mills), end of period.. 40 34 39 36 41 44 29 55 60 52 50 51 45 51 Exports, raw cotton equiv. thous. net-weight 480 Ib. bales- 188.8 1709 128 157 167 14 1 135 Imports, raw cotton equivalent do 793 1 10532 91 3 801 806 660 598 Producer Price Index, gray cotton broadwovens * 12/75 — 100 152 1 1585 1593 1590 1584 1579 1576 1583 1567 1565 1562 1557 1557 1562 1537 1536 MANMADE FIBERS AND MANUFACTURES Fiber production, qtrly: Acetate filament yarn mil Ib 2276 1982 500 370 528 546 Rayon staple, including tow do 3748 3892 940 87 5 856 858 Noncellulosic, except textile glass: Yarn and monofilaments do 35605 35244 8346 9022 931 1 9670 Staple, incl. tow do 3,970 6 39473 9535 9555 9444 9442 Textile glass fiber do. .. 1,167.2 1 3940 3429 3808 Fiber stocks, producers', end of period: Acetate filament yarn mil Ib 125 124 153 124 189 194 Rayon staple, including tow do 233 285 283 285 324 281 Noncellulosic fiber, except textile glass: Yarn and monofilaments .. do 2749 3017 3006 3017 3281 3103 Staple, incl. tow do 3420 3527 3736 3527 361 2 3402 Textile glass fiber do .. 124.7 2100 1396 2100 Manmade fiber and silk broadwoven fabrics: Production(qtrly.), total # mil. sq yd 114607 118524 2921 5 28782 27476 Filament yarn (100%) fabrics # do ., 44729 49478 12356 1275 1 1 1669 Chiefly rayon and/or acetate fabrics do Chiefly nylon fabrics do 357 1 5790 1587 1287 1169 Spun yarn (100%) fabrics # do ., 5,702.1 56157 13556 13042 12906 Rayon and/or acetate fab- rics, blends do 869 1129 284 241 225 Polyester blends with cotton do.... 4,417.4 43177 10376 1 0190 1 0250 Acetate filament and spun yarn fabrics do .. 1,094 9 10570 2720 2428 2280 Producer Price Index, gray synthetic broadwovens * 12/75=100... 147.0 152.1 153.6 151.9 152.5 151.0 150.1 149.4 148.1 147.3 147.0 148.0 147.3 146.5 145.7 146.3 Manmade fiber textile trade: Exports, manmade fiber equivalent mil. Ibs.. 460.71 48787 4402 4394 4451 3694 37 69 Yarn, tops, thread, cloth do.... 167.19 17906 1559 1732 1734 1461 14 10 Cloth, woven . do 10866 10940 980 10 24 978 8 07 875 Manufactured prods., apparel, furnishings do 29352 308 81 2843 26 62 27 17 22 33 23 59 Imports, manmade fiber equivalent do.... 1,069.49 1,342.57 127.72 11480 9879 8051 74.56 Yarn, tops, thread, cloth do 18250 22746 21 64 21 77 1620 1338 1549 Cloth, woven do . 123.21 15495 1563 1352 1264 956 909 Manufactured products, apparel, furnishings do . 88699 1 115 10 10608 9304 8260 67 14 5907 Apparel, total do. . 574.39 68747 6793 6270 5478 41 98 3683 Knit apparel ... do 241 30 27057 2924 2670 21 63 1524 11 75 WOOL AND MANUFACTURES Wool consumption, mill (clean basis): Apparel class mil Ib 1267 129 0 10 7 4ll 2 8 5 89 49 4 9 3 8 3 49 g 8 8 93 4 10 6 r65 7 6 Carpet class do 139 13 1 4l 0 1 3 9 4 8 1 3 1 2 <1 5 1 0 1 0 4 8 1 1 Wool imports, clean yield do 781 942 64 60 69 56 68 107 58 60 57 7 1 49 7.3 4.5 Duty-free do 287 30 9 2 9 2 6 2 5 1 5 1 5 3 6 1 6 2 2 30 29 2 1 38 1 7 Wool prices, raw, shorn, clean basis, delivered to U.S. mills: Domestic— Graded territory, 64's, staple 2%" and up dollars per Ib. 52 12 228 230 230 221 2 18 2 14 205 195 185 182 191 193 193 1.93 1.93 Australian 64's Type 62, duty-paid do 266 263 259 2 47 249 2 55 251 2 46 233 236 227 234 229 230 226 224 Wool broadwoven goods, exc. felts: Production (qtrly.) . .. mil. sq yd 1435 1594 297 367 432 39 1 FLOOR COVERINGS Carpet, rugs, carpeting (woven, tufted, other), shipments quarterly ... mil sq yds 1090 1 1 114 9 2763 2659 2530 2892 APPAREL Women's, misses', juniors' apparel cuttings: @ Coats thous units 11 944 11 934 1 558 1 565 1 231 634 449 315 303 404 568 712 947 848 1 066 Dresses do 163 506 162 296 11 572 10913 12682 11 403 10905 13 172 14571 14634 15172 13816 11 079 10 234 10 146 Suits (incl. pant suits, jumpsuits) do... 13,448 11,327 837 754 951 968 820 1,076 1,062 1,111 1,072 1,238 1,159 1,122 1,291 Skirts do 101,499 98544 8861 8211 7,771 6260 5,997 7917 7529 7310 7011 7233 6,577 r6,868 7,124 Blouses thous. dozen. 30,909 27,313 2,113 1962 2,051 1,851 1,456 2,110 2,158 2,299 2,118 2212 2,137 r2,040 2,211 See footnotes at end of tables. S-32 SURVEY OF CURRENT BUSINESS October 1985 Unless otherwise stated in footnotes Annual 1984 1985 below, data through 1982 and IT ., methodological notes are as shown in u BUSINESS STATISTICS: 1982 1983 1984 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. TEXTILE PRODUCTS—Continued APPAREL— Continued Men's apparel cuttings: @ @ Suits thous. units.. 10,873 11,994 1,072 986 1,144 1,046 788 996 858 894 775 829 723 r553 760 Coats (separate), dress and sport do.... 19,216 20,656 1,766 1,643 1,772 1,612 1,247 1,672 1,644 1,724 1,603 1,877 1,576 rl,435 1,848 Trousers (separate), dress do.... 113,016 122,965 11,045 9,683 10,670 9,478 7,450 9,388 9,972 10,874 9,016 9,641 8,012 '7,450 8,927 Slacks (jean cut) casual do 183 515 179 665 16 353 15 689 14 784 13 682 11 685 14 118 13 294 16927 17 943 17 034 19020 16679 19680 Shirts, dress and sport thous doz 40 906 39572 3 469 3 003 3 061 2572 2 143 2636 2569 2618 2741 2963 2694 r2393 2924 Hosiery, shipments thous. doz. pairs.. 308,079 309,357 24,637 23,627 27,208 25,460 21,122 24,113 24,156 24,721 24,229 25,768 26,859 29,388 23,364 TRANSPORTATION EQUIPMENT AEROSPACE VEHICLES Orders, new (net), qtrly total mil $ 92930 (5) U.S. Government do 62347 (5) Prime contract do 91 160 (5) Sales (net), receipts, or billings, quarterly, total do 82777 (5) U.S. Government ... do 49 169 (5) Backlog of orders, end of period # do 116276 (5) U.S. Government do 74246 (5) Aircraft (complete) and parts do 48953 (5) Engines (aircraft) and parts do 12*905 (5) Missiles, space vehicle systems, engines, propulsion units, and parts mil $ 15524 (5) Other related operations (conversions, modi- fications), products services mil $ 14548 (5) Aircraft (complete); Shipments t .. .do 99275 r7,911 5 r4572 r695.9 r6297 r898.8 1,240.1 410.9 974.8 1,036.9 1,067.7 825.3 1,025.5 931.1 Airframe weight "t" thous Ib 44936 r33 450 rl 966 r2980 r2625 r3414 r5012 1 969 3747 4398 4267 3495 r4,025 3,668 Exports, commercial .. mil $ 5569 3989 137 389 261 344 668 363 436 761 667 495 494 511 277 MOTOR VEHICLES (NEW) Passenger cars: Factory sales (from U.S. plants): Total tt thous 6739 7621 519 538 686 668 553 733 659 736 744 760 677 565 (2) Domestic tt do 6 201 7030 486 493 641 622 511 685 606 664 677 693 612 516 Retail sales, total, not seas, adj do 9 179 10,394 814 744 900 802 759 835 839 970 987 1,075 926 900 1,001 1,075 Domestics § do... 6,793 7,952 604 567 690 601 561 628 645 769 787 808 677 634 745 839 Imports § do 2386 2442 210 178 211 201 199 207 193 201 200 267 249 267 256 P236 Total, seas. adj. at annual rate mil 10 1 102 100 10.0 10.9 10.9 11.0 10.7 11.1 11.3 10.3 10.3 12.6 14.5 Domestics § do 78 7.8 7.4 7.4 8.2 8.4 8.5 8.4 8.7 8.4 7.6 7.4 9.7 11.3 Imports § do. . 2.4 2.4 2.7 2.6 2.7 2.5 2.4 2.2 2.4 2.9 2.7 2.9 2.9 '3.2 Retail inventories, end of period, domestics: § Not seasonally adjusted thous .. 1,352 1,415 1,268 1,266 1,293 1,404 1,415 1,608 1,604 1,571 1,563 1,546 1,573 1,580 1,410 1,242 Seasonally adjusted do 1350 1410 1320 1,273 1,293 1,396 1,410 1,556 1,549 1,536 1,495 1,476 1,523 1,537 1,452 1,200 Inventory-retail sales ratio, domestics § 24 21 20 20 21 2.3 2.1 2.2 2.2 2.2 2.1 2.1 2.2 2.5 1.8 1.3 Exports (BuCensus), total ... do 551 16 61366 3174 48.01 4206 52.63 45.28 53.26 58.86 73.52 72.39 68.08 67.49 52.09 33.61 To Canada do 52399 58930 3060 4689 4026 5093 41 56 4999 5626 71 24 6987 6653 66.27 49.92 33.04 Imports (ITC) complete units # # do 3 133 8 3 559 4 271 0 269 6 286 9 291 9 4 267 8 381 4 3152 327 1 3436 3825 431 8 332 1 From Canada, total do 8368 1 0724 79 1 798 92 1 960 81.5 82.5 86.8 95.6 92.5 104.7 111.0 69.9 75.6 Registrations Q, total new vehicles do 8924 10 118 852 874 834 816 823 789 790 927 936 912 923 949 926 Imports, including domestically sponsored do '2457 2523 228 231 208 208 224 208 202 222 216 211 256 291 284 Trucks and buses: Factory sales (from U.S. plants): Total @ do 2414 3075 261 243 283 263 218 257 265 292 286 320 295 206 (2) Domestic @ do 2260 2884 246 230 268 248 203 244 249 272 266 298 273 189 Retail sales, not seasonally adjusted: * Light-duty tt do 25207 32613 231 2 2473 2950 2699 240 1 2870 3005 3390 308 1 333.5 329.9 332.5 266.6 314.5 Medium-duty tt • do 477 609 50 54 6 1 55 50 47 39 50 4.1 4.8 4.7 5.0 5.0 5.6 Heavy-duty tt do 1410 2162 179 19 1 202 168 189 172 15.6 20.6 22.1 20.2 19.8 18.8 16.8 18.0 Retail sales, seasonally adjusted: Light-duty tt do 2446 2699 2948 294 1 2690 2998 3 321 2 3015 294.2 277.7 312.7 326.8 293.4 337.1 34.7 5.2 3.9 4.4 4.5 3.6 4.5 5.4 Medium-duty tt do 45 53 59 73 60 5.5 3 Heavy-duty tt do 178 202 198 206 19.5 176 17.9 19.4 19.2 18.8 19.2 17.8 17.1 18.7 Retail inventories, end of period: Not seasonally adjusted * do.... 5837 7828 6968 7278 7500 7882 782.8 813.9 821.5 808.4 820.5 838.0 830.5 725.0 760.9 782.4 Seasonally adjusted do 5985 8064 7295 744 4 7434 7823 8064 7923 38113 7980 813.0 831.6 799.7 752.7 794.0 797.5 Exports (BuCensus) do . 13186 15338 937 1253 11 48 11 52 1250 11.01 14.70 15.21 17.39 17.84 17.64 14.53 12.43 Imports (BuCensus), including separate chassis and bodies thous 84689 1 077 12 78 75 94 35 84 13 90 13 86 12 10563 10991 10608 11870 11948 111.87 109.14 91.15 Registrations <>, new vehicles, excluding buses not produced on truck chassis thous 2977 4047 330 357 350 341 361 334 346 403 398 378 399 436 400 Truck trailers and chassis, complete (excludes detacHables) shipments 1~ number 120 658 234 230 21 525 18600 20996 18459 20892 14473 13708 15603 15,619 16,043 14,869 13,818 14,545 Van type t . do 85067 156 600 14425 11 677 12573 11799 12957 9,389 9,214 10,376 10,367 10,339 9,609 r9,055 9,943 Trailer bodies (detachable), sold separately t do.... 2,698 899 163 113 132 69 21 g 18 40 19 13 15 '33 59 Trailer chassis (detachable), sold r separately! do 4406 25529 2848 2292 2326 2 132 1487 819 1714 1,559 1,421 923 817 829 841 RAILROAD EQUIPMENT Freight cars (new), for domestic use; all railroads and private car lines (excludes rebuilt cars and cars for export): Shipments number '5772 1 12 396 1300 1 465 1 295 1 225 796 1 223 830 868 979 966 1,077 1,075 1,034 Equipment manufacturers do '5570 ' 12,396 1 300 1,465 1295 1,225 796 887 830 868 979 896 1,077 1,075 1,034 New orders do '5964 15460 785 775 1 578 525 751 403 650 1 553 816 593 827 1090 770 Equipment manufacturers do... 1 5,962 15,054 785 775 1,422 525 751 403 650 1,553 816 593 827 1,090 770 Unfilled orders end of period do 3271 5 154 6306 5616 5899 5199 5 154 4 134 3954 4629 4,466 4093 3,843 3,858 3,594 Equipment manufacturers do 3271 4748 6056 5366 5493 4,793 4748 4,064 3884 4,559 4,396 4,093 3,843 3,858 3,594 Freight cars (revenue), class I railroads(AAR): t Number owned end of period thous 1007 948 972 967 958 952 948 943 938 909 905 902 894 892 oo r Capacity (carrying), total, end of month mil tons 8296 7902 8066 8021 7971 7933 7902 7850 7804 7576 7552 7523 7468 7458 74 17 Average per car * tons 8237 8334 8296 8296 83 18 8330 8334 8326 83.24 8334 83.42 8345 83.58 83.65 83.83 See footnotes at end of tables. October 1985 SURVEY OF CURRENT BUSINESS S-33 FOOTNOTES FOR PAGES S-l THROUGH S-32 General Notes for all Pages: r Revised, p Preliminary, e Estimated, c Corrected. Page S-l # Includes data for items not shown separately. * New series. This index (first shown in the Feb. 1984 SURVEY) reflects costs associated t Revised series. See Tables 2.6-2.9 in the July 1984 SURVEY for revised estimates for with homeowners' consumption of shelter service. This new index combines the subindexes 1981-84. of owners' equivalent rent and household insurance. Indexes prior to Dec. 1982 are not $ Includes inventory valuation and capital consumption adjustments. available. For additional information, see p. S-36 of the Feb. 1983 SURVEY. § Monthly estimates equal the centered three-month average of personal saving as a t Effective with the Feb. 1984 SURVEY, data have been revised back to 1979. Effective percentage of the centered three-month moving average of disposable personal income. with the Mar. 1985 SURVEY, data have been revised back to 1980. These revisions are O See note "O" for p. S-2. available upon request. t Effective with the Feb. 1984 SURVEY, data back to 1979 have been revised. Effective Page S-2 with the Feb. 1985 SURVEY, data back to 1980 have been revised. These revisions are available upon request. 1. Based on data not seasonally adjusted. O See note "O" for P- S-5. O The figures presented here reflect revisions of the industrial production index intro- duced by the Federal Reserve Board in July 1985. The revision moves the reference year of the index from 1967 to 1977= 100, and increases the number of basic index series from 235 Page S-7 to 252. New value-added weights were assigned to each series for 1977. A detailed descrip- tion of the revision and its results are in the July 1985 issue of the Federal Reserve Bulletin 1. Computed from cumulative valuation total. (pp. 487-501). 2. Index as of Oct. 1, 1985: building, 361.3; construction, 389.8. *New series. See note "O" f°r this page. 3. Data are for 16,000 permit-issuing places. # Includes data not shown separately. O Effective July 1985 SURVEY, data have been revised back to Jan. 1982. In addition to t See note "t" for p. S-8. the normal revisions, new housing units, residential buildings, private construction, and t See note "t" for p. S-8. total new construction have been revised back to Jan. 1976, based on revised estimates for tt See note "tt" for p. S-3. 1-unit residential buildings. These revisions, resulting in a break in the series, reflect a @ Revised series. For manufacturing see note "tt" for p. S-3. For retail see note "$" for procedural change in the estimation of the value of units started and a coverage change to p. S-8. For wholesale see note "t" for p. S-8. include land development done by the builder. Revised data are available upon request. § Revised series. Data have revised back to 1981, effective with the August 1984 SUR- # Includes data for items not shown separately. VEY. Revisions are available upon request. § Data for Aug. and Nov. 1984, and Jan., May and Aug. 1985 are for five weeks; other months four weeks. t Effective Feb. 1984 SURVEY, data for seasonally adjusted housing starts have been Page S-3 revised back to 1981. Effective Feb. 1985 SURVEY, data have been revised from 1982-84. # Includes data for items not shown separately. These revisions are available upon request. $ See note "t" for p. S-8. $ Effective Feb. 1985 SURVEY, data for building permit authorizations are based on t See note "t" for p. S-8. 17,000 permit-issuing places beginning with Jan. 1984. These revisions are available upon tt Effective June 1985 SURVEY, data have been revised for Jan. 1978-Dec. 1984. A request. detailed description of this revision and data appear in the report "Manufacturers' Ship- (a) Effective Feb. 1984 SURVEY, data for seasonally adjusted manufacturer's shipments ments, Inventories, and Orders" M3-1.14 (1978-1984). Copies of this report can be pur- of mobile homes have been revised back to 1981. Effective Feb. 1985 SURVEY, unadjusted chased from the Superintendent of Documents, U.S. Government Printing Office, Washington, data for Jan. 1982 through June 1984, and seasonally adjusted data from Jan. 1982 through DC 20402. A computer tape of the report, including data back to 1958 can be purchased Nov. 1984 have been revised. These revisions are available upon request. from the Data User Services Division, Customer Services Branch, Bureau of the Census, Washington, DC 20233. Page S-8 @ See note "@" for p. S-2. § See note "§" for p. S-2. 1. Advance estimate. 2. Direct endorsement cases are included beginning with June data. 3. January and February 1983 revised monthly figures are not available from source, but Page S-4 they are included in the 1983 revised annual total. 1. Based on data not seasonally adjusted. 4. New series effective Sept. 1985 SURVEY. All activity reported on a gross basis (i.e., # Includes data for items not shown separately. the entire amount of loan) including refinancings and combination construction—purchase J Includes textile mill products, leather and products, paper and allied products, and loans. Revised data are now available back to Jan. 1984. Earlier data will be available later. printing and'publishing industries; unfilled orders for other nondurable goods industries O Home mortgage rates (conventional first mortgages) are under money and interest are zero. rates on p. S-l4. t See note "tt" for p. S-3. § Data include guaranteed direct loans sold. O For these industries (food and kindred products, tobacco, apparel and other textile # Includes data for items not shown separately. products, petroleum and coal, chemicals and allied products, and rubber and plastics prod- t Effective April 1985 SURVEY, wholesale trade data have been revised for Jan. 1977-Dec. ucts) sales are considered equal to new orders. 1984. A detailed description and the revised series appear in the report "Revised Monthly Wholesale Trade" BW-13-85, available from the Bureau of the Census, Washington, DC 20233; $2.50 per copy. Page S-5 $ Effective April 1985 SURVEY, retail trade data have been revised for Jan. 1977-Dec. 1. Based on unadjusted data. 1984. Revised data and a summary of changes appear in the report "Revised Monthly Retail 2. The annual liabilities figure for 1983 is $16,072,860,000. Sales and Inventories" BR-13-85, available from the Bureau of the Census, Washington, 3. See note "O" f°r this page. DC 20233; $2.75 per copy. @ Compiled by Dun & Bradstreet, Inc. Monthly data are now available through 1983, # New series. Annual data for earlier periods are available upon request. Monthly data and are available upon request. for earlier periods will be available later. # Includes data for items not shown separately. § Ratio of prices received to prices paid (parity index). Page S-9 $ See note "t" for p. S-4. t Effective with the Feb. 1984 SURVEY, data (back to 1981 for some commodities) have 1. Advance estimate. been revised. Effective with the July 1985 SURVEY, data (back to 1982, for some commodi- # Includes data for items not shown separately. ties) have been revised. These revisions are available upon request. O Effective with the January 1985 SURVEY, the seasonally adjusted labor force series <> Beginning with data for Jan. 1983 (Jan. 1985, for CPI-W), the index is affected by a have been revised back to January 1980. Effective with the January 1984 SURVEY, the change in methodology used to compute the homeownership component. For additional seasonally adjusted labor force series have been revised back to January 1979. Revised information regarding this change, see p. S-36 of the Feb. 1983 SURVEY. monthly data back to 1980 appear in the January 1985 issue of Employment and Earnings. # New series. Revised monthly data for 1979 appear in the February 1984 issue of Employment and tt See note "tt" for p. S-3. Earnings. t The participation rate is the percent of the civilian noninstitutional population in the civilian labor force. The employment-population ratio is civilian employment as a percent Page S-6 of the civilian noninstitutional population, 16 years and over. § For actual producer prices or price indexes of individual commodities, see respective $ See note "t" for p. S-8. commodities in the Industry section beginning p. S-l9. All indexes subject to revision four # New series. months after original publication. (a) Data include resident armed forces. S-34 SURVEY OF CURRENT BUSINESS October 1985 Page S-10 Page S-15 Page S-19 Page S-25 1. Reported annual total; monthly revisions are not available. 1. Annual data; monthly revisions are not available. 2. Data for 1984 are not comparable to 1983 because of court ordered divestiture. 2. For month shown. 3. Less than 500 short tons. t Beginning January 1982, data represent metallic (mostly aluminum) content. Data for 4. Data are unavailable after 1983. 1981 and prior years represent aluminum content only. 5. Effective with 1985, data are reported on a quarterly basis. * New series. Estimated U.S. free market price, prompt delivery to the Midwest. 6. Data are no longer available. <0> The source for these series is now the Bureau of Mines. # Includes data for items not shown separately. § New series. Source: Metals Week. § Data are reported on the basis of 100 percent content of the specified material unless otherwise indicated. Page S-26 t 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 1. Annual data; monthly revisions are not available. are available upon request. 2. Less than 50 tons. @ Because of deregulation, carriers are free to enter both domestic and international 3. Quarterly data were discontinued for 1983 ana reinstated beginning first quarter 1984. markets. Previously, carriers were limited either to domestic or overseas markets. Separate 4. Beginning 1st quarter 1984, data have been revised because of a new sample and may data for domestic or overseas are no longer available. not be comparable to earlier periods. O Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap. @ All data (except annual production figures) reflect GSA remelted zinc and zinc pur- Page S-20 chased for direct shipment. 1. Reported annual total; monthly or quarterly revisions are not available. $ Source for monthly data: American Bureau of Metal Statistics. Source for annual 2. See note "#" for this page. data: Bureau of Mines. 3. See note 5 for p. S-19. # Includes data not shown separately. § Data are not wholly comparable from year to year because of changes from one classi- § Beginning with the Aug. 1985 SURVEY, unadjusted fluid power shipments indexes are fication to another. shown. Seasonally adjusted indexes are no longer available. $ Revised quarterly data for 1981-83 are available upon request. O Effective 1983, data are based on a new sample of approximately 150 establishments, Page S-27 which was selected using the 1981 annual survey "Paints and Allied Products" panel as a 1. Data withheld to avoid disclosing information for individual companies. universe frame. Comparable data for 1979-82 and revisions for 1983 are available upon 2. Data are for five weeks; other months 4 weeks. request. 3. Comparable data are no longer available. t Effective with the July 1984 SURVEY, data for 1980-82 (and 1975 for revenue from # Includes data for items not shown separately. sales to customers) have been revised. Effective with the Feb. 1985 SURVEY, data for 1982-83 § Includes nonmarketable catalyst coke. See also note "$" for this page. have been revised. These revisions are available upon request. O Includes small amounts of "other hydrocarbons and alcohol new supply (field pro- # Effective with the Sept. 1985 SURVEY, monthly data have been restated back to Jan. duction)," not shown separately. 1984 to include consumption for Hawaii. Prior to 1984, consumption for Hawaii is reflected t Effective with the Nov. 1983 SURVEY, data for 1982 have been revised. Effective with in annual totals only. the June 1984 SURVEY, data for 1983 have been revised. Effective with the December 1984 SURVEY, coal production data for 1983 have been revised. Effective with the May 1985 Page S-21 SURVEY, coal consumption and stocks for 1984 have been revised. Effective with the Oct. 1985 SURVEY, coal production data for 1984 have been revised. These revisions are avail- 1. Previous year's crop; new crop not reported until Oct. (beginning of new crop year). able upon request. 2. Crop estimate for the year. * New series. Includes U.S. produced and imported microwave ovens and combination 3. Stocks as of June 1. microwave oven/ranges. 4. Stocks as of June 1 and represents previous year's crop; new crop not reported until t Effective with the July 1984 SURVEY, data for 1983 have been revised. Effective with June (beginning of new crop year). the July 1985 SURVEY, data for 1984 have been revised. These revisions are available upon 5. Figure represents June 1, 1983 stocks (based on previous year's crop); whereas, 1982 request. and earlier annuals are for stocks ending Dec. 31 of the respective calendar year. Compara- ble estimates are no longer available. Page S-28 6. See note "@" for this page. 1. Reported annual totals; revisions not allocated to the months. 7. Less than 50,000 bushels. 2. Effective with Jan. 1983, data include road oil. Total road oil data for 1982 were 8. Data are no longer available. (thous. bbl.): 591, domestic demand; 610, production; 47, stocks. 9. Oct. 1 estimate of 1985 crop. 3. Effective with the Jan. 1985 price, gasoline that contains alcohol as an additive is § Excludes pearl barley. included. # Bags of lOOlbs. 4. Effective with June 1985, indexes reflect price movements through the middle of the @ Data are quarterly except for June (covering Apr. and May) and Sept. (covering month for which they are shown. Indexes prior to June 1985 were based on prices for the June-Sept.). previous month; reflecting a one-month lag in pricing. * New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data for earlier t New series. First shown in March 1984 SURVEY. Earlier data are available upon periods are available upon request. request. ** New series, first shown in the Sept. 1984 SURVEY. Annual and monthly indexes for # New series, first shown in the Feb. 1984 SURVEY. Prices back to 1974 are available earlier periods are available upon request. upon request. # Includes data for items not shown separately. Page S-22 $ Except for price data, see note "$" for p. S-27. § Cases of 30 dozen. O Bags of 60 kilograms. Page S-29 $ Monthly revisions for 1982 are available upon request. 1. See note 1 for p. S-28. * New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes cover- 2. Average for 11 months; no price available for Dec. 1983. ing wheat for earlier periods are available upon request. 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-23 # Compiled by the American Newspaper Publishers Association. 1. Crop estimate for the year. 2. Reported annual total; revisions not distributed to the months. 3. Oct. 1 estimate of 1985 crop. Page S-30 # Totals include data for items not shown separately. 1. Reported annual total; revisions not allocated to the months. * New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes for 2. Crop for the year. earlier periods are available upon request. 3. Data cover five weeks; other months, four weeks. t New series. 4. Data are no longer available. O Effective Dec. 1983 SURVEY, the footwear production series have been revised back 5. Beginning Jan. 1985, figure includes sales of water/moisture resistant board, not shown to Jan. 1981. Effective Dec. 1984 SURVEY, the footwear production series have been revised separately. back to Jan. 1982. Effective Sept. 1985 SURVEY, the footwear production series have been 6. Beginning 1st quarter 1985, value of shipments for rolled and wire glass is excluded. revised for 1983 and 1984. Comparable 4th quarter 1984 figure, which excludes such shipments, is $243,820,000. ** New series. Source: Bureau of Labor Statistics. # Includes data for items not shown separately. O Cumulative ginnings to the end of month indicated. Page S-24 § Bales of 480 Ibs. t Monthly revisions for 1982-84 are available upon request. 1. Annual data; monthly revisions not available. t Monthly revisions for 1981-84 are available upon request. 2. Less than 500 tons. @ Effective with the Mar. 1984 SURVEY, sales of regular basecoat and all other build- 3. Beginning January 1985, data have been revised because of a ntw estimation proce- ing plasters (including Keene's cement) have been combined to represent sales of total dure and may not be comparable to earlier periods. building plasters. For comparability, earlier published figures for these two series should be t New series. combined. S-36 SURVEY OF CURRENT BUSINESS October 1985 Page S-31 5. Series has been discontinued. # Total includes backlog for nonrelated products and services and basic research. 1. Less than 500 bales. § Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and 2. Annual total includes revisions not distributed to the months. imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965. 3. Average for crop year; Aug. 1-Jul. 31. Imports comprise all other cars. 4. For five weeks; other months four weeks. O Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some states 5. Average for 10 months; no data for Jan.-Feb. are not available, month-to-month comparisons are not strictly valid. O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price $ Excludes railroad-owned private refrigerator cars and private line cars. reflects total quantity purchased and dollars paid for the entire month (revised price in- t Monthly revisions for aircraft shipments and airframe weight for 1982-84 are avail- cludes discounts and premiums). able upon request. Monthly revisions for truck trailers, etc. for 1981-83 are available upon # Includes data not shown separately. request. * New series. (a) Includes passenger vans. § Bales of 480 Ibs.. * New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data back to @ Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983. 1967 are available upon request. ft Includes Volkswagens produced in the U.S. Page S-32 $$ Sizes (gross vehicle weight) are classified as follows: Light-duty, up to 14,000 Ibs.; 1. Annual total includes revisions not distributed to the months. medium-duty, 14,001 - 26,000 Ibs.; and heavy-duty, 26,001 Ibs. and over. 2. Production of new vehicles (thous. of units) for Sept. 1985: passenger cars, 634; trucks ## Annual and monthly data back to 1981 have been replaced with total imports of and buses, 290. passenger cars published by the International Trade Commission, which exclude estimated 3. Effective with the Feb. 1984 SURVEY, data have been revised back to 1981. Effective quantities of passenger cars assembled in foreign trade zones. These new data, which are with the Mar. 1985 SURVEY, data have been revised back to 1982. These revisions, which comparable with data previously published for 1980 and earlier periods, are available upon were made to reflect updated seasonal factors, are available upon request. request. 4. See note "##" for this page. @@ Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983. *************************** TO CXftlfElYF ST VTISTICS, S1-S36 SECTIONS Dishwashers and disposers 27 National parks, visits 18 Disposition of personal income 1 Newsprint 29 General: Distilled spirits 20 New York Stock Exchange, selected data 16 Business indicators 1-5 Dividend payments 1, 15 Nonferrous metals —.. 2, 4, 5,15, 25, 26 Commodity prices 5,6 Drugstores, sales 8, 9 Oats 21 Construction and real estate . 7,8 Earnings, weekly and hourly 12 Oils and fats ...... 17 Domestic trade 8,9 Eating and drinking places 8, 9 Orders, new and unfilled, manufacturers' 4, 5 Eggs and poultry 5, 22 Outlays, U.S. Government 14 Labor force, employment, and earnings... 9-13 Electric power 2, 20 Paint and paint materials 20 Finance ...... «•••....•••••••«•••••«•.••••«••••• 13-16 Electrical machinery and equipment 2-5, Foreign trade of the United States 16-18 Paper and products and pulp 2-4, 10-12, 15, 27 6,10-12, 15, 28, 29 Transportation and communication 18,19 Employee-hours, aggregate, and indexes 11 Employment and employment cost 10-12 Parity ratio 5 Industry: Explosives 20 Passenger cars 2-4, 6, 8, 9,15,17, 32 Passports issued 18 Chemicals and allied products 19, 20 Exports (see also individual commodities) 16-18 Personal consumption expenditures 1 Electric power and gas 20 Personal income 1 Food and kindred products; tobacco 20-23 Failures, industrial and commercial 5 Leather and products 23 Personal outlays 1 Farm prices 5, 6 Petroleum and products 2-4, Lumber and products 23, 24 Fats and oils 17 10-12, 15,17, 27, 28 Metals and manufacturers 24-27 Federal Government finance 14 Pig iron 24 Petroleum, coal, and products 27, 28 Federal Reserve banks, large commercial 13 Plastics and resin materials 20 Pulp, paper, and paper products 28, 29 Federal Reserve member banks 13 Population 9 Fertilizers . 19 Pork 22 Rubber and rubber products , 29 Fish.... 22 Poultry and eggs 5, 22 Stone, clay, and glass products., 30 Flooring, hardwood 24 Price deflator, implicit (PCE) 1 Textile products 30-32 Flour, wheat 22 Prices (see also individual commodities) 5, 6 Transportation equipment , 32 Food products 2-6, 8,10-12, 15,17, 20-23 Printing and publishing 2, 10-12 Foreign trade (see also individual commod.) 16-18 Footnotes 33-35 Private sector employment, hours, earn- Freight cars (equipment) 32 ings 10-12 Fruits and vegetables 5 INDIVIDUAL SERIES Producer Price Indexes (see also individual com- Fuel oil 6, 28 modities) 6 Fuels 2, 6,17, 27, 28 Profits, corporate ,. 15 Advertising 8, 12 Furnaces 27 Public utilities 1, 2, 7,15, 20 Aerospace vehicles 32 Furniture 2, 6, 8-12 Pulp and pulpwood 28 Agricultural loans 13 Purchasing power of the dollar 6 Air carrier operations 18 Gas, output, prices, sales, revenues 2, 6, 20 Air conditioners (room) 27 Gasoline 28 Radio and television 8, 27 Aircraft and parts 4, 32 Glass and products 30 Railroads 13,18, 32 Alcohol, denatured and ethyl 19 Glycerin 19 Ranges and microwave ovens 27 Alcoholic beverages 8, 20 Gold 14 Real estate 8,13 Aluminum 25 Grains and products 5, 21, 22 Receipts, U.S. Government 14 Apparel 2, 4-6, 8-12, 31, 32 Grocery stores 9 Refrigerators and freezers 27 Asphalt 28 Gypsum and products 30 Registrations (new vehicles) 32 Automobiles, etc 2-4, 6, 8, 9, 14,15,17, 32 Rent (housing) 6 Hardware stores —., 8 Retail trade 2, 3, 5, 8-12, 32 Banking , 13,14 Rice 21 Barley 21 Heating equipment 26 Help-wanted advertising index 12 Rubber and products (incl. plastics) 2-4, Battery shipments 27 6,10-12, 29 Beef and veal .. 22 Hides and skins 6 Beverages 8,17, 20 Hogs 22 Saving, personal 1 Blast furnaces, steel mills 3-5 Home loan banks, outstanding advances ..... 8 Savings and loan associations 8,14 Bonds, prices, sales, yields 15, 16 Home mortgages 8 Savings deposits , 13,15 Brick 30 Hotels, motor hotels and economy hotels.... 18 Securities issued 15 Building and construction materials 2, 4, 5 Hours, average weekly 11 Security markets .... 15,16 Building costs 7 Housefuntishings 2, 4, 6, 8, 9 Services...... „ 6,10-12 Building permits 7 Household appliances, radios, and television sets 27 Sheep and lambs w 22 Business incorporation (new), failures 5 Housing starts and permits 7 Shoes and other footwear !""!"!!!!!!!"! 23 Business sales and inventories 2, 3 Silver , 14 Butter 21 Imports (see also individual commodities) 17,18 Spindle activity, cotton ...... 31 Income, personal ....«.*...... »...... ,. 1 Steel and steel manufactures...... 24, 25 Carpets ...... 31 Income and employment tax receipts . .... 14 Stock market customer financing.... ,. 15 Cattle and calves 22 Industrial production indexes: Stock prices, yields, sales, etc....— ... 16 Cement . 30 By industry 1, 2 Stone, clay, glass products...... 2-4,10-12,15, 30 Chain-store sales, firms with 11 or more By market grouping —.—...... 1, 2 Sugar...... 23 stores (retail trade). 9 Installment credit...... 14 Sulfur...... 19 Cheese...* ...... 21 Instruments and related products...... 2-4, 10-12 Sulfuric acid ...... „..„.„. 19 Chemicals 2-4,10-12,15,17,19, 20 Interest and money rates 14 Superphosphate .—...... 19 Cigarettes and cigars...... 23 Inventories, manufacturers' and trade ...... 3, 4, 9 Synthetic textile products ...... 31 Clay products , 2-4, 30 Inventory-sales rates...... 3 Clothing (see apparel) Iron and steel 2, 15, 24, 25 Tea imports ...... *,...... *..*...... 23 Coal ...... 2, 27 Telephone and telegraph carriers ...... 19 Cocoa 22 Labor force 9,10 Textiles and products 2-4, 6,10-12,15, 30, 31 Coffee ..,...«„.«„„.„..«.. 22 Lamb and mutton 22 Tin 26 Coke ...* 27 Lead. .... 26 Tires and inner tubes 29 Combustion, atmosphere, heating equip- Leather and products 2, 6, 10-12, 23 Tobacco and manufactures...... 2-4,10-12, 23 ment ...... 26 Livestock ...... , 5, 22 Tractors...... 27 Communication 15,19 Loans, real estate, agricultural, bank (see also Trade (retail and wholesale) 2, 3, 5, 8-12, 32 Construction: Consumer credit) 8,13 Transit lines, urban...... 18 Contracts 7 Lubricants 28 Transportation 6,10-12,15,18 Costs ...... 7 Lumber and products 2, 6,10-12, 23, 24 Transportation equipment 2-6,10-12,15,17, 32 Employment, unemployment, hours, Travel...... ,.....„.,.., ...... 18 earnings...... 10-12 Truck trailers ,..«...., 32 Housing starts...... 7 Machine tools 26 Trucks ...... 2,32 New construction put in place 7 Machinery 2-6,10-12,15,17, 26, 27 Consumer credit ...... 14 Manufacturers* sales (or shipments), inventories, Unemployment and insurance 9,10,13 Consumer goods output, index ...... 1,2 orders 3-5 U.S. Government bonds 16 Consumer Price Index ...... 5, 6 Manufacturing employment, unemployment, U.S, Government finance...... 14 Copper and copper products...... 25, 26 production workers, hours, earnings 10-12 Utilities..... 2, 6, 7,15, 20 Manufacturing production indexes 1, 2 Corn...... 21 Vacuum cleaners ...... 27 Cost of living (see Consumer Price Index)...... 5, 6 Meat animals and meats...... 5, 22 Medical care 6 Variety stores ...... 9 Cotton, raw and manufactures 5, 30, 31 5 Credit, commercial bank, consumer 14 Metals 2-6,10-12,15, 24-26 Vegetables and fruits Milk 21 Crops...... 5, 21, 23, 30 Wages and salaries...... ,„. if 12 Mining 2, 10-12 Crude oil 3, 27 Washers and dryers 27 Currency in circulation ...... 15 Mobile homes, shipments, installment credit...... 7,14 Water heaters...... Monetary statistics 15 rJ!!Z!.~! 27 Dairy products 5, 21 Money and interest rates , 14 Wheat and wheat flour ...... 21,22 Debt, U.S. Government 14 Wholesale trade 2, 3, 5, 8, 10-12 Money supply .....*..»..*..»*...».....».*...... «...... 15 Wood pulp , ...... 28 Deflator, PCE 1 Mortgage applications, loans, rates — 8,13,14 Department stores, sales, inventories 9 Motor carriers...... —...... 18 Wool and wool manufactures ...... 31 Deposits, bank ...... 13,15 Motor vehicles 2-4, 6, 8,9,15,17, 32 Zinc 26 3h UNITED STATES GOVERNMENT PRINTING OFFICE SUPERINTENDENT OF DOCUMENTS WASHINGTON, D C 20402 IAL BUSINESS Penalty for Private Use, $300