Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 / Volume 68 Number 8
SURVEY OF CURRENT BUSINESS •
U.S. Department of CommerceC, William Verity / SecretaryRobert Qrtner / Under Secretary
for Economic Affairs
Bureau of Economic AnalysisAllan H. Young / DirectorCarol S. Carsm / Deputy Direct&r
Editar-in-Chiefi Carol S. CarsonManaging Editor: Lelaxul L. Scott
Stuff Contributors to This Issues Frank deLeeiiw, Gregory G* Pouch, Daniel J* LarMns,Louis J, Moc^ar, John C; Mi3Sgravet NationalIncome and Wealth DMsioii* Thae S, Park,BobertP* Parker, James E. BanMn/ Jane S.Reeb, Regional Economic Measurement Division,Charles S. Kobinson, Joseph (X Wakefield,Patricia CX Walker.
OF CtmsEsiT BUSINESS* Publishedmonthly by the Bureau of Economic Analysis of theUJ3, Department of Commerce. Editorial corre-spondehce should be addressed to the Editor-in-Chief, SimvEY OF CDEHBNT BUSINESS, Bureau of Eco-nomic Analysis, U«S, Department of Commerce,Washington, DC 20230,
Annual subscription: Second-class mail —$18.00 domestic, $22,50 foreign; first-lass mail —$46.00. Single copy— $6,50 domestic, $8.13 foreign.
Mail subscription orders and address changes tothe Superintendent of Documents, U.S. Govern-ment Printing Office, Washington, DC 20402,Make checks payable to the Superintendent ofDocuments.
Second-class postage paid at Washington* DCand at additional mailing offices, (USFS 837-790).
1 Business Situation1 Effects of the Drought on Farm Output2 GNP Growth and Price Change with Recent Weights3 Corporate Profits3 Government Sector
5 BEA Working Paper Summary
6 National Income and Product Accounts Tables6 Selected NIPA Tables
20 Reconciliation and Other Special Tables
22 Composite Indexes of Leading, Coincident, andLagging Indicators
23 Relationship Between Personal Income and AdjustedGross Income, 1984-86
28 State Personal Income, 1985-87: Revised Estimates
42 U.S. Direct Investment Abroad: Detail for Positionand Balance of Payments Flows, 1987
69 Foreign Direct Investment in the United States: Detailfor Position and Balance of Payments Flows, 1987
84 Fixed Reproducible Tangible Wealth in the UnitedStates, 1984-87
Blue pages: Current Business Statistics(See page S-36for subject index to Current Business Statistics)
Inside back cover: BEA Publications
E*—This issue of the SUBVEY went to fiie printer on Sept. 8,1988. It incorporatesdata firkin the following monthly BEA news releases:
Gross National Product (Aug. 25),Personal Income and Outlays (Aug. 26), andComposite Indexes of Leading, Coincident, and Lagging
Indicators (Aug. 3D).
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
the BUSINESS SITUATION
IXEVISED estimates show that realGNP, a measure of production, in-creased at an annual rate of 3^2 per-cent in the second quarter of 1988; theadvance estimates had shown an in-crease of 3 percent (see table 1 on page20). The increase in real gross domes-tic purchases, a measure of demand,was also revised up, to 1% percent atan annual rate, from 1 percent. In-creases in both the GNP price index(fixed weights) and the gross domesticpurchases price index (fixed weights)were unrevised at an annual rate of 4^2percent.
Although the production and de-mand totals were not revised substan-tially by the incorporation of newlyavailable source data, several majorcomponents showed sizable—largelyoffsetting—revisions.1 Real FederalGovernment purchases of goods andservices was revised up $5.7 billion(due to Federal outlays data for June),personal consumption expenditures forgoods was revised up $5.7 billion(largely due to revised retail salesdata for May), and producers' durableequipment was revised up $2.4 billion(largely due to aircraft shipments datafor June). The largest downward revi-sion was in change in business inven-tories; $6.1 billion of the $9.0 billionrevision was in farm inventories.
About one-half of the revision infarm inventories reflected BEA's re-vised estimate of crop and livestocklosses due to the drought in most of theMidwest and major parts of the East.
NOTE.—Quarterly estimates in the national in-come and product accounts are expressed at sea-sonally adjusted annual rates, and quarterlychanges in them are differences between theserates. Quarter-to-quarter percent changes arecompounded to annual rates. Real, or constant-dollar, estimates are expressed in 1982 dollars.
BEA's estimate is described in the nextsection. The second section discusses£he recent sensitivity of real productand price measures to the weight yearused in their calculation. The thirdand fourth sections discuss corporateprofits, for which data become avail-able at the time of the preliminaryGNP estimate, and the governmentsector.
Effects of the Drought onFarm Output
On the basis of information fromthe U.S. Department of Agriculture(USDA), BEA now estimates the 1988loss of constant-dollar farm output dueto the drought at $141/2 billion. The es-timate was based on the difference be-tween the USDA June forecast of thephysical quantity of output, represent-ing conditions before the drought, andthe August forecast, which reflects theresults of surveys of acreage plantedand prospective yields conducted inlate July and early August. This dif-ference, after conversion by BEA intoconstant (1982) dollars, indicates croplosses of $13 billion—about one-half incorn and one-quarter in soybeans andwheat—and livestock losses of $lx/2 bil-lion. The revised losses are $3 bil-lion higher than last month's estimate,which was based on the USDA Julyforecast; crop losses account for the en-
tire upward revision. The estimatesare subject to further revisions as in-formation from more comprehensiveUSDA surveys becomes available.
On a quarterly basis, BEA estimatesthe second-quarter loss at $9^2 billion(annual rate), $4 billion higher thanlast month's estimate. As noted inthe July "Business Situation," BEA de-rived the loss in livestock output forthe second quarter using informationabout earlier-than-usual sales and theloss in crop output using a special pro-cedure that spreads the loss for theyear over quarters.
This procedure is used because theprocedure normally used for several ofthe national income and product ac-count (NIPA) components that reflectactivity in the farm sector—changein farm inventories and farm income,both corporate and noncorporate—would not properly record the timingof the effects of the drought. Un-der the normal procedure, estimatesof both current- and constant-dollarchange in crop inventories, which alsoaffect the estimates of farm income,are prepared by BEA as the differencebetween output and sales. BEA esti-mates quarterly output by interpolat-ing between annual estimates derivedfrom USDA reports, including theirforecast for the most recent year, andBEA estimates quarterly sales on thebasis of USDA receipts from farm mar-ketings and Commodity Credit Corpo-ration (CCC) loan activity.
1. The revised or additional major source data thatare the basis for the revisions are listed in the note totable 1 on page 20.
Looking Ahead . . .• Local Area Personal Income, 1981-86. A five-volume publication con-
taining metropolitan area and county estimates of personal income andsupporting detail is now available. Order information appears in the boxon page 28.
• International Services. Data for 1986 collected in the benchmark surveyof selected services transactions with unaffiliated foreign persons will bepresented in the October SURVEY. The survey collected data on 18 differenttypes of services. For most of the services, data on trade with unaffiliatedforeigners previously had not been available.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS August 1988
Using the normal interpolating pro-cedure, the effects of the drought onfarm output (and thus on inventoriesand income) would have been spread tothe quarters of 1987, 1988, and 1989.This procedure was rejected becausethe results would have been inconsis-tent with the timing of similar lossesin nonfarm inventories and with thetiming of the effects of the farm out-put losses on other NIPA components.(For the same reasons, the normal pro-cedure has been rejected in similar sit-uations in the past—most recently, forthe 1983 drought.) Losses due to thedestruction of nonfarm inventories arerecorded in the period the loss is recog-nized. The effects of the losses in farmoutput on other NIPA components—such as nonfarm inventory change,agricultural exports, and CCC inven-tory change—will be recorded duringthe harvest period.
To reflect more accurately the timingof the losses in crop output, BEA useda procedure that allocated the lossesto the growing season but with theharvest period receiving higher alloca-tions. Specifically, BEA estimated thedrought losses by averaging two series.The first allocated the losses equally tothe second, third, and fourth quartersof 1988. This allocation acknowledgesthat farmers recognized their lossesduring all three of the quarters thatspan the growing season. The sec-ond allocated the losses to the harvestperiod—25 percent in the third quarterand 75 percent in the fourth, reflect-ing the typical harvest period of the af-fected crops. This allocation recognizesthe timing of the effects of the losseson other NIPA components. Total farmoutput for the quarters of 1988 wasderived by subtracting the estimatedlosses from pre-drought farm outputbased on normal interpolation proce-dures.
Using the annual losses in crop out-put of $13 billion in constant dollars,$8^2 billion (annual rate) was allocatedto the second quarter, $15 billion tothe third quarter, and $28 billion tothe fourth. Including the allocation oflosses in livestock output, total lossesdue to the drought reduced second-quarter real GNP by $9V2 billion andwill reduce third- and fourth-quarterreal GNP by $161/2 and $311/2 billion,respectively. Changes in real GNP willbe correspondingly reduced by about 1percentage point in the second quar-ter, by x/2 percentage point in the thirdquarter, and by lv2 percentage pointsin the fourth quarter.
The estimates of the losses in farmoutput enter the calculation of changein farm inventories and of farm in-come. The extent to which the lossesaffect the estimates of the change infarm inventories depends on the ex-tent to which they affect sales. Inthe second quarter, sales do not ap-pear to have been affected, so that theentire $9^2 billion loss reduced inven-tory change. In the third and fourthquarters, sales probably will be af-fected, but by amounts that cannotbe estimated because the drought's ef-fects cannot be identified in the un-derlying source data. Consequently, itwill not be possible to estimate the ef-fects on the change in farm invento-ries in these quarters. For farm in-come, no attempt has been made to es-timate the drought's total effects. Al-though the extent to which the quan-tity of farm output is reduced becauseof the drought is known, farm incomeis also affected by drought-inducedchanges in crop prices, farm subsidies,and production expenses. Finally, thedrought's effects on NIPA componentsthat reflect purchases of farm productsalso cannot be estimated because theeffects cannot be identified in the un-derlying source data.
GNP Growth and PriceChange with Recent Weights
For some recent quarters, the pub-lished growth rate of real GNP, whichis expressed in 1982 prices, has beenlarger than the growth rate of realGNP expressed in prices of a more re-cent period. Growth from the secondquarter of 1987 to the second quarterof 1988 is 4.3 percent based on 1982dollars, but only 3.7 percent based ona chain measure (described below) thatchanges weighting period from quarterto quarter. Rates of price increase havealso been larger with 1982 weightsthan with more recent weights, butby a smaller margin than real growthrates.
Weighting period sensitivity is nota new phenomenon. It tends to in-crease with the length of time sincethe weight year. The rapid fall incomputer prices, coupled with rapidgrowth in computer output, is an im-portant contributor to the current sen-sitivity. From 1982 to 1987, real pur-chases of office, computing, and ac-counting machinery—the category ofproducers' durable equipment that in-cludes computers—increased by 296percent (in 1982 prices), while the
fixed- weighted price index for the samecategory of equipment fell by 45 per-cent. The increase in real purchases ofcomputers contributes far more to thegrowth of real GNP when computersare valued at 1982 prices than whenthey are valued at their much lowerrecent prices. The fall in price, in con-trast, contributes far less to the changein a GNP price index when its weight iscalculated using 1982 purchases thanwhen its weight is calculated using re-cent purchases.
In general, measures of growth andprice change are lower with more re-cent weighting periods whenever (1)goods and services whose prices havedecreased relative to the overall pricelevel have tended to grow rapidly, and(2) goods and services whose priceshave increased relative to the overallprice level have tended to grow slowly.2
At present, BEA publishes only onemeasure of real GNP growth, ex-pressed in 1982 prices. It is possi-ble, however, to derive an alternativemeasure of real GNP growth that useschanging weights from two estimatesthat BEA publishes in NIPA table 8.1:The percent change in current-dollarGNP, and the percent change in thechain price index for GNP. The alterna-tive measure is equivalent to one thatmeasures growth between each pair ofquarters using the prices of the laterquarter.
The alternative measure is approx-imately equal to the current-dollargrowth rate minus the growth rate ofthe chain price index. The exact for-mula is:
in which g(t) is the growth rate of realGNP using current-period prices fromquarter "M" to quarter Y'; g$(t) is thegrowth rate of current-dollar GNP fromquarter t-1 to quarter t\ and pch(t) isthe percent change in the chain priceindex for GNP from quarter t-1 to quar-ter t.
Table 1 shows quarterly GNP growthbased on 1982 dollars and based onchanging weights, beginning in thefirst quarter of 1987. Differences be-tween the 1982-based estimate and thechanging-weight estimate (both sea-sonally adjusted annual rates) rangefrom -0.4 to +1.1 percentage points.
2. For a simple numerical illustration of this propo-sition, see "A Note on the Effect of Shifting the Base Pe-riod," SURVEY OF CURRENT BUSINESS 65 (December 1985):14.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS
Table 1.—GNP and Prices with AlternativeWeighting Periods: Percent Change fromPreceding Period
[Seasonally Adjusted at Annual Rates]
Current-dollar GNP
GNP prices:Fixed-weighted price
indexChain price index
Real GNP:Constant 1982 dollars .Chain output
measure
I
8.4
4.24.0
4.6
4.2
19
II
8.7
4.23.7
5.0
48
37
III
7.7
8.73.6
4.5
4.0
IV
8.6
8.H3.4
6.1
5.0
19
I
5.4
8.53.0
3.4
2.3
88
II
8.3
4.74.4
3.3
3.7
NOTE.—Percent changes for all measures except the chainoutput measure of real GNP growth are found in table 8.1 ofthe national income and product accounts tables.
The largest positive differences are forthe fourth quarter of 1987 and the firstquarter of 1988. The shift to a negativedifference in the second quarter of 1988is due to movements in inventories offarm and and petroleum products.
Table 1 also shows the two measuresof price change that BEA publishes foreach quarter, the fixed-weighted indexbased on 1982 weights and the chainprice index. The 1982-based mea-sure increases more than the changing-weight measure for all six quarters, bymargins that range from 0.1 to 0.5 per-centage point. The average differencebetween the two price change mea-sures is about two-thirds as large asthe average difference between the twogrowth rate measures.
Corporate Profits
Profits from current production in-creased $16 billion in the second quar-ter after little change in the first. Do-mestic profits and profits from the restof the world contributed equal amountsto the second-quarter increase; in thefirst quarter, an $11^2 billion increasein domestic profits had been offset bya decline in profits from the rest ofthe world. (Although the changes inrest-of-world profits were the same asthe changes in domestic profits in bothquarters, the level of rest-of-world prof-its was only about one-eighth that ofdomestic profits.)
Rest-of-world profits equals the dif-ference between (a) profits of U.S.-owned corporations abroad and (b)profits of foreign-owned corporations inthe United States. In the first quarter,an increase in the profits of foreign-owned corporations accounted for mostof the decline in rest-of-world profits;
in the second, a decline in profits offoreign-owned corporations accountedfor about one-half of the increase inrest-of-world profits. These move-ments in profits of foreign-owned cor-porations reflect first-quarter account-ing adjustments that some of thesecorporations made in accordance witha new financial accounting standard(see the May "Business Situation" fora discussion). If these accounting ad-justments had not been made, prof-its from the rest of the world wouldhave declined about $7x/2 billion inthe first quarter and increased about$4 billion in the second. Profits offoreign-owned corporations would stillhave accounted for most of the first-quarter change in rest-of-world profits,but would have had little effect on thesecond-quarter change.
Profits before and after tax.—Inthe second quarter, profits before tax(PBT) and profits after tax (PAT) reg-istered their largest increases in sev-eral years. PBT increased $24*/2 bil-lion in the second quarter to $310^2billion, following an increase of $4:/2billion in the first; PAT increased $17billion to $166x/2 billion, following anincrease of $8^2 billion. Unlike prof-its from current production, PBT andPAT include "inventory profits" and"depreciation profits."3 Inventory prof-its (or losses) are generated by changesin prices of inventoried goods; depre-ciation profits (or losses) are gener-ated by differences between the proce-dures for determining depreciation un-der tax accounting, on the one hand,and the procedures BEA employs to es-timate depreciation, on the other. In-ventory profits increased $7^2 billionin the second quarter, largely reflect-ing increased prices of grain, hogs, andpetroleum; the second-quarter increaseraised inventory profits to $27 billion,the highest level since 1981. Depre-ciation losses—i.e., negative deprecia-tion profits, which have been in evi-dence since 1983—declined $1 billion,reflecting the provisions of the Tax Re-form Act of 1986; this act mandated anincrease in service lives, narrowing thedifference between the lives used in taxaccounting and those BEA uses to es-timate depreciation.
3. In the national income and product accounts, in-ventory profits are recorded, with sign reversed, asthe inventory valuation adjustment (IVA). Depreciationprofits are recorded, with sign reversed, as the capitalconsumption adjustment (CCAdj).
Government SectorThe fiscal position of the government
sector improved in the second quarterof 1988, as the combined deficit of theFederal Government and of State andlocal governments decreased $24^2 bil-lion. The deficit of the Federal Gov-ernment declined $24 billion, and thesurplus of State and local governmentsincreased $^2 billion.
The Federal sector.—The FederalGovernment deficit declined to $131billion, as receipts increased more thanexpenditures.
Receipts increased $32^2 billion,compared with $6^2 billion in the firstquarter. Personal tax and nontax re-ceipts increased $20x/2 billion, com-pared with a $17^2 billion decline inthe first quarter. These large changesin personal taxes were due to provi-sions of the Tax Reform Act of 1986:in the first quarter, the second roundof rate reductions lowered taxes; inthe second quarter, higher final settle-ments resulting from income shiftingraised taxes. Corporate profits tax ac-cruals increased $5 billion, comparedwith a small decline in the first quar-ter. Indirect business tax and nontaxaccruals were unchanged in the secondquarter, and contributions for social in-surance increased $7 billion.
Expenditures increased $8^2 billion,compared with $1 billion in the firstquarter. Purchases of goods and ser-vices increased $4 billion, comparedwith a $13^2 billion decline in thefirst quarter. This shift was largelydue to nondefense purchases, which in-creased $4 billion in the second quarterafter a $13 billion decline in the first.The shift in nondefense purchases wasdue to purchases of agricultural com-modities by the Commodity Credit Cor-poration (CCC).
Transfer payments to persons in-creased $3x/2 billion, compared with$17 billion in the first quarter, whenvarious transfer payments—such associal security—were boosted by cost-of-living adjustments. Net interestpaid increased $2 billion, and subsidiesless the current surplus of governmententerprises was unchanged. In thelatter category, a $4 billion decreasein the Postal Service deficit—due to afull-quarter effect of the April postalrate increase—was offset by a $2^2 bil-lion increase in subsidies to farmersand a $2 billion increase in the CCCdeficit. Grants-in-aid to State and lo-cal governments declined $x/2 billion,compared with a $9x/2 billion increase
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS August 1988
in the first quarter. All major cate-gories of grants had increased in thefirst quarter; they either declined or in-creased less in the second.
Cyclically adjusted surplus ordeficit.—When measured using cycli-cal adjustments based on middle-expansion trend GNP, the Federaldeficit on the national income andproduct accounts basis declined from$193 billion in the first quarter to$173^2 billion in the second (see ta-ble on page 21).4 The cyclically ad-justed deficit as a percentage of middle-expansion trend GNP declined from 4.2percent in the first quarter to 3.7 per-cent in the second.
The State and local sector.—TheState and local government surplus in-creased to $56 billion, as receipts in-creased more than expenditures.
Receipts increased $13 billion, com-pared with $181/2 billion in the firstquarter. The deceleration was morethan accounted for by the shift in Fed-eral grants-in-aid. Indirect businesstax and nontax accruals increased $6^2billion, compared with $4^2 billion inthe first quarter; the acceleration wasin sales taxes. Personal tax and nontaxreceipts increased $4^2 billion, com-pared with $2^2 billion in the firstquarter; the acceleration was due tohigher net final settlements as a resultof indirect effects of the Tax Reform Act
of 1986. Corporate profits tax accru-als increased $2 billion, and contribu-tions for social insurance increased $1billion.
Expenditures increased $12^2 bil-lion, the same as in the first quar-ter. Purchases of goods and services in-
4. These estimates incorporate the national incomeand product account revisions released in July. In ad-dition, the middle-expansion period, which is used tocalculate trend GNP and unemployment rate, was ex-tended. Previously it was from the third quarter of 1983to the second quarter of 1986. The period was extendedto the second quarter of 1988 to reflect the continuationof economic expansion without substantial inflation af-ter the second quarter of 1986. As a result of the ex-tension, middle-expansion trend GNP was revised upby amounts that increased from $2 billion in the thirdquarter of 1981 to $65 billion in the first quarter of 1988,and the trend unemployment rate was revised down to6.9 percent from 7.4 percent.
creased $12 billion; employee compen-sation and structures recorded smallergains than in the first quarter, andall other purchases accelerated. Allother categories of expenditures com-bined increased about $1 billion in bothquarters.
Table 2.—Government Sector Receipts and Expenditures[Billions of dollars, seasonally adjusted at annual rates]
Government sectorReceiptsExpenditures
Surplus or deficit ( )
Federal Government
Receipts
Personal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax accrualsContributions for social insurance
Expenditures
Purchases of goods and servicesNational defense ,Nondefense ,
Of which'. Commodity Credit Corporation inventory changeTransfer payments
To personsTo foreigners .
Grants-in-aid to State and local governmentsNet interest paidSubsidies less current surplus of government enterprises
SubsidiesOf which. Agricultural subsidies
Less' Current surplus of government enterprisesLess' Wage accruals less disbursements
Surplus or deficit ( )
State and local governments
Receipts
Personal t a x a n d nontax receipts . . . . . . . . .Corporate profits tax accrualsIndirect business tax and nontax accruals . .Contributions for social insuranceFederal grants-in-aid
Expenditures
Purchases of goods and servicesOf which: Structures
Net interest paidLess' Dividends received by governmentSubsidies less current surplus of government enterprises
SubsidiesLess' Current surplus of government enterprises
Less' Wage accruals less disbursements
Surplus or deficit ( )
Social insurance fundsOther
Change from preceding quarter
1987
II
66.98.8
58.1
48.7
39.34.91.33.2
4.4
4.87.5
-2.8-7.8
6.86.2
.63.6
.8-11.6-10.4-10.6
1.3
44.3
21.8
10.51.45.5
.73.6
8.0
7.12.7
-1.3-.8
.3
.1
13.7
1.711.9
III
13.516.3
-2.8
10.1
.25.5-.44.7
4.4
8.85.03.8
-2.7.8
1.3-.5
-3.64.0
-5.2-6.5-6.5-1.3
2
5.7
-.2
-6.01.87.0
.7-3.6
8.3
7.8-1.3-1.1-.7
.5-.4
.1
.4
-8.5
1.8-10.2
IV
22.648.0
-25.4
14.3
9.0-2.6
1.17.0
36.5
5.1-.65.83.48.32.65.7-.55.7
17.116.816.7
34
-22.1
7.8
5.7-.92.7
.8-.5
11.0
9.9-1.1
2.4-.8
.3
.2
-.2
-3.2
1.6-4.7
1988
I
15.54.0
11.5
6.6
-17.7-.5
.924.0
1.2
-13.7-.8
-12.9-16.1
11.916.8
-4.99.7
.4-6.7-8.0-8.0-1.2
5.3
18.6
2.71.24.3
.79.7
12.5
11.62.12.1
_ 7is
-.3
.4
6.1
1.54.5
II
46.421.824.6
32.6
20.45.2.1
6.9
8.4
3.9-.24.1
.72.93.7-.8_%721
.22.42.32.0
24.2
13.1
4.72.16.3
.7-.7
12.7
11.91.42.3-.8
.3-.3
.4
.4
1.6-1.2
Level
1988:11
1,571.81,646.5-74.7
983.6
425.0112.455.9
390.3
1,114.5
381.6298.283.4
-16.8437.3426.5
10.7110.4152.033.232.017.1
-1.3
-130.9
698.6
176.031.8
329.850.6
110.4
642.4
579.466.5
126.1-40.3
8.1-14.7
1.115.8
56.2
67.7-11.5
NOTE.—Dollar levels are found in tables 3.2 and 3.3 of the "Selected NIPA Tables."
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS
BEA Working Paper Summary
Status Report on Statistical and Methodological Improvementsin the U.S. Balance of Payments Statistics
by Louis J. Moczar
The paper reviews the status of work to improve thebalance of payments statistics.
Part I of the paper lists specific coverage, timing, andother problems under six major headings: (1) Merchandisetrade; (2) services, excluding income; (3) portfolio income;(4) unilateral transfers; (5) direct investment income, otherservices, and capital flows; and (6) other private capital.Part II describes the methodological and statistical workunderway on many of these problems. For example, in amajor move to improve its coverage of transactions be-tween U.S. residents and unaffiliated foreign persons,BEA conducted a benchmark survey (BE-20) of servicestransactions in 1987-88, covering such areas as advertising,management and consulting services, industrial engineer-ing, telecommunications, and agricultural services. The re-sults are now being processed. To improve its estimates ofportfolio income, BEA, in cooperation with other U.S. Gov-ernment agencies, is working to obtain more accurate in-formation on banks' noninterest receipts and paymentsfor financial services performed for U.S. and foreign cli-ents.
Part III describes improvements underway or to be un-dertaken with BEA's existing resources. These include in-corporating new estimates from the benchmark survey ofservices transactions into the appropriate balance of pay-ments accounts and conducting follow-on annual surveys.Resolving a number of issues related to direct investmentis also planned. Part IV discusses some improvements forwhich BEA would require additional resources and the co-operation of other Government agencies if significantprogress is to be made. These include resolving some ac-counting problems associated with currency fluctuations,securing reports on foreign purchases of certain U.S. secu-rities, and solving some problems of duplication and omis-sion in reporting by U.S. banks and nonbank affiliates.
This paper, which is BEA Working Paper No. 6, may beordered from Economic and Statistical Analysis/BEA, U.S.Department of Commerce, Citizens and Southern NationalBank, 222 Mitchell Street, P.O. Box 100606, Atlanta, GA30384. The accession number is BEA OD 88-001; the priceis $5.00. (Additional order information is on the insideback cover.)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
National Income and Product Accounts Tables
Selected NIPA Tables
August 1988
New estimates in this issue: Second quarter 1988, revised (0.The selected set of 54 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are
updated monthly. (In most of these tables, annual estimates are also shown.) The full set of 132 tables usually shown in July presents annualNIPA revisions. For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When Theyare Released, Where They Are Available, and How They Are Presented" in the July 1988 SURVEY.
The full set of estimates for 1985-87 is in the July 1988 issue of the SURVEY; estimates for 1984 are in the July 1987 issue; estimates for 1983are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product Accounts, 1929-82: Statistical Tables (GPO Stock No. 003-010-00174-7, price $23.00). These publications are available from the Superintendent of Documents; see address on inside front cover.
The full set of NIPA tables is available on diskette for $240 per year (12 updates, for the quarterly estimates prepared each month). Formore information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.
Table 1.1.—Gross National Product[Billions of dollars]
Gross national product
Personal consumptionexpenditures
Durable goodsNondurable goodsServices
Gross private domesticinvestment ••
Fixed investmentNonresidential
StructuresProducers' durable
equipmentResidential
Change in businessinventories
Farm
Net exports of goods and
Imports
Government purchases of goodsand services
FederalNational defenseNondefense
State and local
1986
4,240.3
2,807.5
406.5943.6
1,457.3
665.9
650.4433.9138.5
295.4216.6
15.517.4-1.9
-104.4
378.4482.8
871.2
366.2277.5
88.7505.0
1987
4,526.7
3,012.1
421.9997.9
1,592.3
712.9
673.7446.8139.5
307.3226.9
39.240.7-1.5
123.0
428.0551.1
924.7
382.0295.3
86.7542.8
Seasonally adjusted at annual rates
1987
I
4,391.8
2,921.7
403.5977.5
1,540.7
685.5
647.8422.8132.7
290.1225.0
37.740.9
-3.2
-119.1
395.3514.4
903.8
372.7287.3
85.4531.1
II
4,484.2
2,992.2
420.5995.3
1,576.4
698.5
665.8438.2134.4
303.8227.6
32.731.41.3
-122.2
416.8539.0
915.7
377.5294.8
82.6538.2
III
4,568.0
3,058.2
441.41,006.61,610.2
702.8
688.3462.1143.0
319.1226.2
14.517.83.3
-125.2
440.4565.6
932.2
386.3299.8
86.4546.0
IV
4,662.8
3,076.3
422.01,012.41,641.9
764.9
692.9464.1147.7
316.3228.8
72.072.8-.8.
125.7
459.7585.4
947.3
391.4299.2
92.2555.9
1988
I
4,724.5
3,128.1
437.81,016.21,674.1
763.4
698.1471.5140.1
331.3226.6
65.349.415.9
-112.1
487.8599.9
945.2
377.7298.4
79.3567.5
IIr
4,819.7
3,189.1
448.21,035.71,705.2
758.2
715.3488.2145.4
342.8227.1
42.932.510.4
-88.6
508.0596.6
961.0
381.6298.2
83.4579.4
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Table 1.3.—Gross National Product by Major Type of Product[Billions of dollars]
Gross national product
Final salesChange in business
inventories
Goods
Final salesChange in business
inventories
Durable goodsFinal salesChange in business
inventories
Nondurable goodsFinal salesChange in business
inventories
Services
Structures
1986
4,240.3
4,224.7
15.5
1,697.9
1,682.3
15.5
725.3721.1
4.3
972.6961.3
11.3
2,118.4
424.0
1987
4,526.7
4,487.5
39.2
1,792.5
1,753.3
39.2
776.3749.7
26.6
1,016.21,003.6
12.6
2,295.7
438.4
Seasonally adjusted at annual rates
1987
I
4,391.8
4,354.1
37.7
1,733.4
1,695.7
37.7
737.2708.4
28.8
996.1987.3
8.9
2,228.4
430.0
II
4,484.2
4,451.5
32.7
1,774.5
1,741.8
32.7
767.1742.8
24.3
1,007.5999.1
8.4
2,276.2
433.4
III
4,568.0
4,553.5
14.5
1,812.9
1,798.4
14.5
792.2789.3
2.9
1,020.71,009.1
11.6
2,314.4
440.6
IV
4,662.8
4,590.7
72.0
1,849.3
1,777.3
72.0
808.7758.2
50.5
1,040.71,019.1
21.6
2,363.9
449.5
1988
I
4,724.5
4,659.2
65.3
1,879.5
1,814.2
65.3
819.3792.7
26.6
1,060.11,021.5
38.6
2,405.2
439.9
IF
4,819.7
4,776.9
42.9
1,924.8
1,881.9
42.9
846.7829.3
17.4
1,078.11,052.6
25.5
2,447.5
447.4
Table 1.2.—Gross National Product in Constant Dollars[Billions of 1982 dollars]
Gross national product
Personal consumptionexpenditures
Durable goodsNondurable goodsServices
Gross private domesticinvestment
Fixed investment ....Nonresidential
Structures .. .Producers' durable
equipmentResidential
Change in businessinventoriesNonfarm .. .Farm
Net exports of goods andservices ..
ExportsImports
Government purchases of goodsand services .. .
FederalNational defense .Nondefense ... .
State and local
1986
3,721.7
2,455.2
385.0879.5
1,190.7
643.5
628.1433.1129.3
303.8195.0
15.417.925
-137.5
378.4515.9
760.5
333.4251.4
82.0427.1
1987
3,847.0
2,521.0
390.9890.5
1,239.5
674.8
640.4445.1125.5
319.6195.2
34.436.925
-128.9
427.8556.7
780.2
339.0264.9
74.1441.2
Seasonally adjusted at annual rates
1987
I
3,776.7
2,490.2
378.3889.9
1,222.0
646.4
616.6418.2121.0
297.2198.4
29.836.1
-6.3
-132.8
394.9527.7
772.9
334.0257.0
77.0438.9
n
3,823.0
2,516.6
391.3889.8
1,235.5
660.1
632.3434.8120.9
313.8197.6
27.825.02.7
-126.0
416.4542.3
772.2
332.1264.8
67.3440.1
in
3,865.3
2,545.2
406.5891.9
1,246.8
667.9
654.9462.8128.0
334.7192.1
13.018.3
-5.3
130.7
440.9571.6
782.9
342.1269.5
72.6440.8
IV
3,923.0
2,531.7
387.6890.5
1,253.6
724.7
657.6464.8132.1
332.7192.7
67.168.2-1.1
-126.0
459.2585.2
792.6
347.7268.2
79.5444.9
1988
I
3,956.1
2,559.8
401.1892.7
1,265.9
728.9
662.9473.4124.0
349.4189.5
66.051.914.1
-109.0
486.2595.1
776.4
327.8264.6
63.2448.7
II r
3,988.1
2,577.2
409.3892.7
1,275.2
717.7
681.6491.6127.6
364.1190.0
36.031.1
5.0
-90.1
499.7589.7
783.3
331.0263.2
67.8452.3
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Table 1.4.—Gross National Product by Major Type of Product inConstant Dollars
[Billions of 1982 dollars]
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Gross national product
Final sales . .Change in business
inventories . .
Goods
Final sales . .Change in business
inventories
Durable goodsFinal salesChange in business
inventories
Nondurable goodsFinal salesChange in business
inventories
Services
Structures
1986
3,721.7
3,706.3
15.4
1,599.0
1,583.5
15.4
714.6710.7
3.8
884.4872.8
11.6
1,738.1
384.7
1987
3,847.0
3,812.6
34.4
1,663.3
1,628.9
34.4
774.6750.7
23.9
888.8878.2
10.5
1,801.1
382.6
Seasonally adjusted at annual rates
1987
I
3,776.7
3,746.9
29.8
1,616.2
1,586.4
29.8
728.0702.3
25.7
888.1884.1
4.1
1,778.2
382.4
n
3,823.0
3,795.2
27.8
1,645.6
1,617.8
27.8
763.8742.3
21.5
881.8875.5
6.3
1,797.2
380.2
in
3,865.3
3,852.2
13.0
1,677.5
1,664.5
13.0
793.7790.8
2.9
883.8873.7
10.1
1,806.6
381.1
IV
3,923.0
3,855.9
67.1
1,713.9
1,646.8
67.1
812.7767.2
45.5
901.2879.6
21.6
1,822.3
386.7
1988
I
3,956.1
3,890.1
66.0
1,748.1
1,682.2
66.0
832.5809.0
23.5
915.6873.2
42.4
1,833.4
374.6
ir
3,988.1
3,952.1
36.0
1,763.4
1,727.3
36.0
861.2845.8
15.5
902.1881.6
20.6
1,845.6
379.2
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS
Table 1.5.—Relation of Gross National Product, Gross DomesticPurchases, and Final Sales to Domestic Purchasers
[Billions of dollars]
Gross national product
Less: Exports of goods andservices
Plus: Imports of goods andservices
Equals: Gross domesticpurchases *
Less: Change in businessinventories
Equals: Final sales to domesticpurchasers 2
1986
4,240.3
378.4
482.8
4,344.7
15.5
4,329.1
1987
4,526.7
428.0
551.1
4,649.7
39.2
4,610.5
Seasonally adjusted at annual rates
1987
I
4,391.8
395.3
514.4
4,510.9
37.7
4,473.2
II
4,484.2
416.8
539.0
4,606.3
32.7
4,573.6
III
4,568.0
440.4
565.6
4,693.2
14.5
4,678.7
IV
4,662.8
459.7
585.4
4,788.4
72.0
4,716.4
1988
I
4,724.5
487.8
599.9
4,836.6
65.3
4,771.3
II'
4,819.7
508.0
596.6
4,908.3
42.9
4,865.4
1. Purchases in the United States of goods and services wherever produced.2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Table 1.6.—Relation of Gross National Product, Gross DomesticPurchases, and Final Sales to Domestic Purchasers in Constant Dollars
[Billions of 1982 dollars]
Gross national product
Less: Exports of goods andservices .
Plus: Imports of goods andservices
Equals: Gross domesticpurchases 1
Less: Change in businessinventories
Equals: Final sales to domesticpurchasers 2
1986
3,721.7
378.4
515.9
3,859.3
15.4
3,843.8
1987
3,847.0
427.8
556.7
3,975.9
34.4
3,941.5
Seasonally adjusted at annual rates
1987
I
3,776.7
394.9
527.7
3,909.5
29.8
3,879.7
II
3,823.0
416.4
542.3
3,949.0
27.8
3,921.2
III
3,865.3
440.9
571.6
3,996.0
13.0
3,983.0
IV
3,923.0
459.2
585.2
4,049.0
67.1
3,981.9
1988
I
3,956.1
486.2
595.1
4,065.1
66.0
3,999.1
IP
3,988.1
499.7
589.7
4,078.2
36.0
4,042.1
1. Purchases in the United States of goods and services wherever produced.2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Table 1.7.—Gross National Product by Sector[Billions of dollars]
Gross national product
Gross domestic product
BusinessNonfarm
Nonfarm less housingHousing . . . .
FarmStatistical discrepancy
Households and institutionsPrivate householdsNonprofit institutions
GovernmentFederalState and local-
Rest of the world
Addendum:
Gross domestic businessproduct less housing
1986
4,240.3
4,205.4
3,608.93,547.13,203.9
343.275.4
-13.6
153.19.1
144.0
443.4143.5299.9
34.9
3,257.7
1987
4,526.7
4,497.2
3,855.53,787.83,416.5
371.375.9
-8.1
168.99.2
159.8
472.7151.0321.7
29.5
3,476.7
Seasonally adjusted at annual rates
1987
I
4,391.8
4,359.9
3,735.63,670.03,309.5
360.574.1
-8.5
161.59.2
152.3
462.8149.2313.7
31.9
II
4,484.2
4,455.9
3,819.93,743.23,376.0
367.279.2
-2.5
166.39.2
157.1
469.8150.8319.0
28.2
III
4,568.0
4,541.2
3,893.83,832.23,457.7
374.576.8
-15.1
171.79.2
162.5
475.7151.3324.4
26.8
IV
4,662.8
4,631.8
3,972.93,905.83,522.7
383.173.4
-6.4
176.49.3
167.1
482.5152.7329.9
31.0
1988
I
4,724.5
4,702.1
4,028.13,965.43,576.0
389.477.7
-15.0
180.99.3
171.6
493.1156.7336.4
22.4
Hr
4,819.7
4,794.8
4,109.74,049.83,655.7
394.074.3
-14.3
185.59.4
176.1
499.6157.5342.1
24.9
Table 1.8.—Gross National Product by Sector in Constant Dollars[Billions of 1982 dollars]
Gross national product
Gross domestic product
BusinessNonfarm
Nonfarm less housingHousing
FarmStatistical discrepancy
Households and institutionsPrivate householdsNonprofit institutions
GovernmentFederalState and local
Rest of the world
Addendum:
Gross domestic businessproduct less housing
1986
3,721.7
3,690.9
3,202.03,130.42,857.9
272.483.7
-12.1
125.58.8
116.8
363.3122.5240.8
30.9
2,920.4
1987
3,847.0
3,821.4
3,322.53,247.12,965.7
281.482.5
-7.0
129.08.8
120.2
369.9123.5246.4
25.6
3,032.1
Seasonally adjusted at annual rates
1987
I
3,776.7
3,748.9
3,254.43,177.72,899.6
278.184.1
-7.4
127.08.8
118.3
367.5123.0244.5
27.8
II
3,823.0
3,798.4
3,300.93,221.12,940.6
280.582.0
-2.2
128.18.8
119.3
369.4123.4246.1
24.6
III
3,865.3
3,842.0
3,341.23,272.22,989.5
282.782.0
-13.0
130.08.8
121.2
370.8123.7247.1
23.3
IV
3,923.0
3,896.3
3,393.63,317.23,032.8
284.481.8
-5.4
130.78.8
121.9
372.0123.9248.1
26.7
1988
I
3,956.1
3,936.6
3,430.53,360.93,074.8
286.182.3
-12.8
133.38.9
124.4
372.8123.9249.0
19.5
IF
3,988.1
3,966.8
3,458.83,401.73,114.2
287.469.2
-12.1
134.48.9
125.4
373.7123.8249.9
21.3
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS August 1988
Table 1.9.—Relation of Gross National Product, Net National Product,National Income, and Personal Income
[Billions of dollars]
Table 1.14.—National Income by Type of Income[Billions of dollars]
Gross national product
Less: Capital consumptionallowances with capitalconsumption adjustment
Capital consumptionallowances withoutcapital consumptionadj ustment
Less: Capitalconsumptionadjustment
Equals: Net national product
Less: Indirect business tax andnontax liability
Business transferpayments
Statistical discrepancy
Plus: Subsidies less currentsurplus of governmententerprises
Equals: National income
Less: Corporate profits withinventory valuation andcapital consumptionadjustments
Net interestContributions for social
insuranceWage accruals less
disbursements
Plus: Government transferpayments to persons
Personal interest income....Personal dividend income ..Business transfer
payments
Equals: Personal income
1986
4,240.3
455.9
488.4
32.5
3,784.4
348.4
25.1-13.6
12.6
3,437.1
298.9331.9
378.1
0
496.0499.182.8
25.1
3,531.1
1987
4,526.7
480.0
507.6
27.6
4,046.7
366.3
28.1-8.1
18.3
3,678.7
310.4353.6
399.1
0
520.6527.088.6
28.1
3,780.0
Seasonally adjusted at annual rates
1987
I4,391.8
468.7
498.5
29.8
3,923.1
356.9
27.2-8.5
25.5
3,573.0
298.3338.3
391.5
0
511.6507.185.3
27.2
3,676.1
II4,484.2
477.0
504.6
27.6
4,007.2
363.8
27.9-2.5
13.8
3,631.8
305.2348.1
395.4
0
519.9517.987.3
27.9
3,736.1
III4,568.0
484.6
510.8
26.2
4,083.4
370.3
28.5-15.1
8.3
3,708.0
322.0358.3
400.9
.2
523.2533.089.9
28.5
3,801.0
IV4,662.8
489.5
516.4
26.9
4,173.3
374.2
29.0-6.4
25.6
3,802.0
316.1369.5
408.6
-.2
527.8550.091.9
29.0
3,906.8
1988
I4,724.5
498.3
520.8
22.5
4,226.2
379.4
29.6-15.0
18.6
3,850.8
316.2373.9
433.3
0
546.7554.293.5
29.6
3,951.4
II r
4,819.7
502.6
524.1
21.5
4,317.1
385.7
30.3-14.3
18.5
3,933.9
332.0380.8
440.9
0
552.7563.795.0
30.3
4,021.9
Table 1.10.—Relation of Gross National Product, Net National Product,and National Income in Constant Dollars
[Billions of 1982 dollars]
Gross national product
Less: Capital consumptionallowances with capitalconsumption adjustment
Equals: Net national product
Less: Indirect business tax andnontax liability plus businesstransfer payments lesssubsidies plus current surplusof government enterprises
Statistical discrepancy
Equals: National income
3,721.7
443.2
3,278.5
312.1
-12.1
2,978.5
3,847.0
460.8
3,386.2
319.2
-7.0
3,074.0
3,776.7
453.8
3,322.9
314.5
-7.4
3,015.9
3,823.0
458.2
3,364.8
319.6
-2.2
3,047.3
3,865.3
463.0
3,402.2
321.8
-13.0
3,093.4
3,923.0
468.2
3,454.8
321.0
-5.4
3,139.3
3,956.1
472.9
3,483.2
324.4
-12.8
3,171.5
3,988.1
477.3
3,510.8
324.7
-12.1
3,198.2
Table 1.11.—Command-Basis Gross National Product in ConstantDollars
[Billions of 1982 dollars]
Gross national product
Less: Net exports of goods andservices
ExportsImports
Equals: Gross domesticpurchases
Plus: Command-basis netexports of goods and services....
Command-basisexports 1
Imports
Equals: Command-basis grossnational product
Addendum:
Terms of trade 2
3,721.7
13753784515.9
3,859.3
-111.5
40445159
3 747.7
106.8
3,847.0
12894278556.7
3,975.9
-124.3
43245567
3,851.6
101.0
3,776.7
13283949527.7
3,909.5
-122.2
40555277
3,787.3
102.7
3,823.0
12604164542.3
3,949.0
-122.9
4194542.3
3,826.0
100.7
3,865.3
13074409571.6
3,996.0
-126.5
445.1571.6
3,869.4
101.0
3,923.0
-12604592585.2
4,049.0
-125.6
459.6585.2
3,923.4
100.1
3,956.1
-109.0486.2595.1
4,065.1
-111.2
483.9595.1
3,953.9
99.5
3,988.1
-90.1499.7589.7
4,078.2
-87.6
502.2589.7
3,990.6
100.5
1. Exports of goods and services deflated by the implicit price deflator for imports of goods andservices.
2. Ratio of the implicit price deflator for exports of goods and services to the implicit pricedeflator for imports of goods and services with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
National income
Compensation of employees
Wages and salariesGovernment and
government enterprisesOther
Supplements to wages andsalariesEmployer contributions for
social insuranceOther labor income
Proprietors' income withinventory valuation andcapital consumptionadjustments
FarmProprietors' income with
inventory valuationadjustment
Capital consumption
Nonfarm ....Proprietors' incomeInventory valuation
adjustmentCapital consumption
adjustment ,.
Rental income of persons withcapital consumptionadjustment
Rental income of personsCapital consumption
adjustment
Corporate profits withinventory valuation andcapital consumptionadjustments ,
Corporate profits withinventory valuationadjustment
Profits before taxProfits tax liabilityProfits after tax .
DividendsUndistributed profits
Inventory valuationadj ustment
Capital consumptionadjustment
Net interest
Addenda:
Corporate profits after taxwith inventory valuationand capital consumptionadjustments
Net cash flow withinventory valuation andcapital consumptionadjustments .Undistributed profits with
inventory valuation andcapital consumptionqdjustrneptfl ,
Capital consumptionallowances with capitalconsumptionadjustment
Less: Inventory valuationadj ustment
Equals: Net cash flow
1986
3,437.1
2,507.1
2,094.0
393.71,700.3
413.1
217.0196.1
286.7
36.4
44.5
8 1
250.3212.7
1
37.8
12.4
57.4
-45.0
298.9
244.7
236.4106.6129.888.241.6
8.3
54.2
331.9
192.3
386.5
104.1
282.4
8.3378.2
1987
3,678.7
2,683.4
2,248.4
420.11,828.3
435.0
227.1207.9
312.9
43.0
50.6
7 6
270.0233.0
-1.0
38.0
18.4
66.2
-47.8
310.4
258.7
276.7133.8142.995.547.4
180
51.7
353.6
176.6
378.6
81.1
297.5
-18.0396.6
Seasonally adjusted at annual rates
1987
I
3,573.0
2,608.9
2,182.9
410.91,771.9
426.0
222.6203.4
310.1
46.7
54.4
7 7
263.5224.8
-.2
38.8
17.4
63.1
-45.7
298.3
247.5
261.8126.3135.591.743.8
-14.4
50.8
338.3
172.0
371.5
80.3
291.2
144385.9
II
3,631.8
2,652.0
2,220.6
416.91,803.7
431.3
225.0206.4
308.9
43.0
50.7
77
265.9228.6
-1.0
38.2
17.8
65.5
-47.7
305.2
253.6
273.7132.6141.194.047.0
200
51.5
348.1
172.6
373.9
78.5
295.4
-20.0393.9
III
3,708.0
2,702.8
2,265.3
423.21,842.1
437.5
228.2209.3
306.8
35.2
42.9
77
271.5235.1
-1.1
37.6
18.1
67.1
-49.0
322.0
269.9
289.4140.0149.597.052.4
19 5
52.1
358.3
182.1
384.7
85.0
299.7
-19.5404.2
IV
3,802.0
2,769.9
2,324.8
429.21,895.6
445.1
232.7212.4
326.0
47.0
54.5
-7.5
279.0243.4
-1.7
37.4
20.5
69.1
-48.6
316.1
263.7
281.9136.2145.799.346.4
-18.2
52.4
369.5
179.9
384.2
80.5
303.7
-18.2402.4
1988
I
3,850.8
2,816.4
2,358.7
437.11,921.6
457.7
243.1214.6
323.9
44.7
52.2
-7.5
279.2243.7
-1.2
36.6
20.5
69.6
-49.1
316.2
266.8
286.2136.9149.4101.348.1
-19.4
49.4
373.9
179.3
387.8
78.1
309.8
-19.4407.3
II r
3,933.9
2,874.0
2,410.0
443.01,967.0
464.0
247.5216.5
328.2
42.7
50.0
-7.2
285.4250.8
-1.6
36.2
19.0
68.0
-49.0
332.0
283.6
310.7144.1166.6103.163.5
-27.1
48.4
380.8
187.9
397.7
84.8
312.9
-27.1424.8
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS
Table 1.16.—Gross Domestic Product of Corporate Business in CurrentDollars and Gross Domestic Product of Nonfinancial CorporateBusiness in Current and Constant Dollars
Table 1.17.—Auto Output[Billions of dollars]
Gross domestic productof corporate business
Capital consumption allowanceswith capital consumptionadjustment
Net domestic productIndirect business tax and
nontax liability plusbusiness transfer paymentsless subsidies
Domestic incomeCompensation of employees...
Wages and salariesSupplements to wages
and salariesCorporate profits with
inventory valuation andcapital consumptionadjustmentsProfits before tax
Profits tax liabilityProfits after tax
DividendsUndistributed profits...
Inventory valuationadjustment
Capital consumptionadjustment ....
Net interest
Gross domestic productof financial corporatebusiness
Gross domestic productof nonfinancialcorporate business.
Capital consumption allowanceswith capital consumptionadjustment ,
Net domestic product ..,Indirect business tax and
nontax liability plusbusiness transfer paymentsless subsidies ...
Domestic income.... ... .. .....Compensation of employees-
Wages and salariesSupplements to wages
and salariesCorporate profits with
inventory valuation andcapital consumptionadjustmentsProfits before tax ... .....
Profits tax liabilityProfits after tax
DividendsUndistributed profits-
Inventory valuationadjustment
Capital consumptionadjustment
Net interest
Gross domestic productof nonfinancialcorporate business
Capital consumption allowanceswith capital consumptionadjustment
Net domestic productIndirect business tax and
nontax liability plusbusiness transfer paymentsless subsidies..
Domestic income
1986 1987
Seasonally adjusted at annual rates
1987
I II III IV
1988
I IIr
Billions of 'dollars
2,556.2
282.4
2,273.8
243.62,030.21,693.71,422.2
271.5
266.9204.4106.697.972.825.1
8.3
54.269.5
184.6
2,371.6
264.1
2,107.5
227.71,879.81,564.91,313.4
251.5
230.6172.676.895.874.821.1
8.3
49.684.3
2,717.9
297.5
2,420.4
257.52,162.91,803.71,520.6
283.0
274.0240.3133.8106.583.423.1
180
51.785.2
204.4
2,513.5
276.2
2,237.3
239.81,997.51,661.41,399.7
261.8
237.5210.299.0
111.283.827.4
-18.0
45.398.6
2,638.8
291.2
2,347.6
249.82,097.81,757.81,479.7
278.1
263.8227.3126.3101.078.922.1
-14.4
50.876.1
200.0
2,438.8
271.1
2,167.7
232.71,935.01,617.21,360.2
257.0
227.7196.691.6
105.079.825.2
-14.4
45.590.1
2,687.2
295.4
2,391.9
256.02,135.91,782.41,502.2
280.2
270.8239.3132.6106.780.126.6
-20.0
51.582.7
204.5
2,482.7
274.5
2,208.3
238.41,969.81,640.51,381.6
258.9
233.3207.997.2
110.680.729.9
-20.0
45.596.0
2,752.6
299.7
2,452.9
261.62,191.31,816.01,531.4
284.6
286.7254.1140.0114.283.430.8
-19.5
52.188.6
205.7
2,546.9
278.0
2,268.8
243.62,025.31,673.31,409.9
263.3
250.4224.6105.3119.383.935.4
-19.5
45.3101.6
2,793.0
303.7
2,489.3
262.82,226.51,858.41,569.3
289.1
274.6240.4136.2104.291.312,9.
-18.2
52.493.5
207.4
2,585.6
281.3
2,304.3
244.52,059.71,714.71,447.0
267.8
238.4211.6101.7109.990.819.1
-18.2
45.0106.6
2,845;1
309.8
2,535.4
267.72,267.61,887.71,594.7
293.1
286.0256.0136.9119.275.343.9
194
49.493.9
212.0
2,633.2
•286.8
2,346.4
249.22,097.21,739.61,468.4
271.2
250.6228.4104.4124.174.649.5
-19.4
41.5107.1
2,903.2
312.9
2,590.3
271.72,318.61,927.91,630.8
297.1
293.8272.5144.1128.487.640.8
271
48.496.9
216.0
2,687.2
289.7
2,397.6
252.92,144.71,777.81,502.8
275.0
256.3243.6111.0132.686.845.8
-27.1
39.8110.6
Billions of 1982 dollars
2,177.2
260.21,917.0
199.11,717.9
2,270.4
269.42,001.0
203.21,797.8
2,215.0
265.81,949.2
199.91,749.3
2,248.0
268.11,979.9
203.31,776.5
2,296.1
270.62,025.5
205.41,820.1
2,322.5
273.22,049.3
204.31,845.1
2,363.5
275.72,087.8
206.31,881.4
2,393.5
278.12,115.5
206.81,908.7
Auto output
Final salesPersonal consumption
expenditures .New autosNet purchases of used autos..
Producers' durable equipment ..New autosNet purchases of used autos..
Net exports of goods andservicesExportsImports
Government purchases ofgoods and services
Change in business inventoriesof new and used autosNewUsed
Addenda:
Domestic output of newautos l
Sales of imported new autos 2...
1986
120.6
119.0
136.3101.434.920.345.1
-24.7
-39.06.3
45.3
1.4
1.61.4.2
98.255.3
1987
116.3
109.4
130.094.135.919.244.4
-25.2
-41.36.6
47.9
1.5
6.96.7
.2
94.855.0
Seasonally adjusted at annual rates
1987
I
116.2
96.8
120.185.035.117.040.4
-23.4
-41.75.1
46.8
1.4
19.420.9
-1.6
97.749.1
II
113.1
108.0
127.791.436.218.744.9
-26.2
-40.16.8
46.9
1.6
5.24.3
.9
92.653.5
III
115.3
126.2
144.4109.035.421.747.2
-25.6
4136.4
47.7
1.4
10.81241.6
90.160.2
IV
120.6
106.6
128.090.937.019.344.9
-25.6
-42.38.1
50.3
1.6
14.014.00
98.757.2
1988
I
113.1
117.8
133.9100.233.722.147.9
-25.7
-40.18.2
48.3
1.9
-4.7-9.1
4.4
88.760.2
IIr
129.5
127.9
138.2100.437.724.049.0
-25.1
-35.88.3
44.1
1.6
1.62.9
-1.3
103.160.5
1. Consists of final sales and change in business inventories of new autos assembled in theUnited States.
2. Consists of personal consumption expenditures, producers' durable equipment, and govern-ment purchases.
Table 1.18.—Auto Output in Constant Dollars[Billions of 1982 dollars]
Auto output
Final salesPersonal consumption
expenditures . .New autos . ...Net purchases of used autos..
Producers' durable equipment..New autos.Net purchases of used autos..
Net exports of goods andservices ..ExportsImports ..
Government purchases ofgoods and services...
Change in business inventoriesof new and used autosNewUsed
Addenda:
Domestic output of newautos 1
Sales of imported new autos 2...
1986
106.2
106.6
119.089.229.818.239.7
-21.5
^31.95.3
37.3
1.3
-.3-.5
.2
85.348.7
1987
100.6
95.1
108.880.028.816.337.7
-21.5
-31.45.4
36.8
1.4
5.55.3
.2
80.546.8
Seasonally adjusted at annual rates
1987
I
102.0
85.6
102.673.129.514.034.8
-20.7
-32.34.2
36.5
1.2
16.417.8
-1.5
84.342.2
II
98.4
94.5
107.378.229.116.038.4
-22.4
3025.6
35.9
1.4
3.93.1.8
78.945.8
III
99.2
109.0
120.292.427.818.640.0
-21.4
-31.15.3
36.3
1.3
-9.8-11.2
1.3
75.851.0
IV
102.9
91.4
105.376.528.816.437,8
-21.4
-31.86.6
38.4
1.4
11.511.50
83.148.1
1988
I
96.0
101.0
110.484.326.019.040.3
-21.2
-30.16.7
36.8
1.7
-4.9-8.5
3.6
74.250.7
IF
110.5
109.2
114.184.129.920.341.1
-20.8
-26.56.8
33.3
1.4
1.22.4
-1.1
86.350.7
1. Consists of final sales and change in business inventories of new autos assembled in theUnited States.
2. Consists of personal consumption expenditures, producers' durable equipment, and govern-ment purchases.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
10 SURVEY OF CURRENT BUSINESS August 1988
Table 1.19.—Truck Output[Billions of dollars]
Table 1.20.—Truck Output in Constant Dollars[Billions of 1982 dollars]
Truck output 1
Final salesPersonal consumption
expendituresProducers' durable equipment..Net exports of goods and
servicesExportsImports
Government purchases ofgoods and services
Change in business inventories ...
1986
55.2
54.8
26.030.8
-7.33.0
10.3
5.3
.5
1987
59.6
58.3
27.733.0
-7.03.3
10.3
4.7
1.3
Seasonally adjusted at annual rates
1987
I
58.1
52.7
25.630.4
-8.12.6
10.7
4.8
5.4
II
57.8
58.0
28.633.1
-7.93.0
11.0
4.2
-.2
III
58.0
61.6
29.134.3
-6.63.39.9
4.8
-3.6
IV
64.6
60.9
27.334.2
-5.64.29.8
5.0
3.7
1988
I
65.8
66.2
28.736.4
-4.94.19.0
6.0
-.4
II r
65.2
65.3
29.036.0
-5.53.79.2
5.8
0
1. Includes new trucks only.
Table 2.1.—Personal Income and Its Disposition[Billions of dollars]
Personal income
Wage and salarydisbursements
Commodity-producingindustriesManufacturing
Distributive industriesService industriesGovernment and
government enterprises
Other labor income
Proprietors' income withinventory valuation andcapital consumptionadjustments
FarmNonfarm
Rental income of personswith capital consumptionadjustment...
Personal dividend incomePersonal interest incomeTransfer payments ,
Old-age, survivors,disability, and healthinsurance benefits
Government unemploymentinsurance benefits
Veterans benefitsGovernment employees
retirement benefitsOther transfer payments
Aid to families withdependent children
Other
Less: Personal contributionsfor social insurance
Less: Personal tax and nontaxpayments
Equals: Disposable personalincome
Less: Personal outlays
Personal consumptionexpenditures
Interest paid by consumers tobusiness
Personal transfer payments toforeigners (net)
Equals: Personal saving
Addenda:
Disposable personal income:Total, billions of 1982
dollarsPer capita:
Current dollars1982 dollars
Population (mid-period,millions)
Personal saving aspercentage of disposablepersonal income
1986
3,531.1
2,094.0
625.5473.1498.9575.9
393.7
196.1
286.7
36.4250.3
12.482.8
499.1521.1
269.3
16.316.7
70.6148.2
16.3131.9
161.1
511.4
3,019.6
2,898.0
2,807.5
89.1
1.4
121.7
2,640.9
12,49610,929
241.7
4.0
1987
3,780.0
2,248.4
649.8490.3531.7646.8
420.1
207.9
312.9
43.0270.0
18.488.6
527.0548.8
282.9
14.716.6
75.7158.9
16.7142.1
172.0
570.3
3,209.7
3,105.5
3,012.1
92.1
1.3
104.2
2,686.3
13,15711,012
243.9
3.2
Seasonally adjusted at annual rates
1987
I
3,676.1
2,182.9
638.2482.7516.6617.1
410.9
203.4
310.1
46.7263.5
17.485.3
507.1538.8
277.9
15.716.6
73.5155.1
16.6138.5
168.9
532.2
3,143.9
3,013.1
2,921.7
90.1
1.4
130.8
2,679.6
12,93411,024
243.1
4.2
II
3,736.1
2,220.6
642.8484.6526.1634.8
416.9
206.4
308.9
43.0265.9
17.887.3
517.9547.8
282.8
15.116.7
75.5157.6
16.7140.9
170.5
582.0
3,154.1
3,084.7
2,992.2
91.1
1.4
69.5
2,652.8
12,94710,889
243.6
2.2
III
3,801.0
2,265.1
652.8492.6536.8652.4
423.0
209.3
306.8
35.2271.5
18.189.9
533.0551.7
284.5
14.516.6
76.7159.4
16.8142.7
172.7
576.2
3,224.9
3,152.3
3,058.2
92.8
1.3
72.6
2,683.9
13,20410,989
244.2
2.3
IV
3,906.8
2,325.1
665.5501.3547.3682.8
426.5
212.4
326.0
47.0279.0
20.591.9
550.0556.8
286.5
13.416.6
77.1163.3
16.8146.5
175.9
591.0
3,315.8
3,171.8
3,076.3
94.4
1.2
144.0
2,728.9
13,54311,145
244.8
4.3
1988
I
3,951.4
2,358.7
676.0509.6558.2687.4
437.1
214.6
323.9
44.7279.2
20.593.5
554.2576.3
298.1
13.917.0
80.4166.9
16.9150.0
190.2
575.8
3,375.6
3,225.7
3,128.1
96.4
1.2
149.9
2,762.3
13,76011,260
245.3
4.4
IF
4,021.9
2,410.0
689.1517.4572.2705.7
443.0
216.5
328.2
42.7285.4
19.095.0
563.7583.0
300.4
13.417.1
82.3169.8
17.1152.7
193.5
601.0
3,421.0
3,288.3
3,189.1
98.1
1.1
132.6
2,764.6
13,91811,247
245.8
3.9
Truck output 1
Final salesPersonal consumption
expenditures ,Producers' durable equipment-Net exports of goods and
ExportsImports
Government purchases ofgoods and services
Change in business inventories..
1986
47.8
47.4
22.526.6
-6.32.68.9
4.6
.4
1987
50.8
49.7
23.528.2
-6.02.88.8
4.0
1.1
Seasonally adjusted at annual rates
1987
I
49.4
44.9
21.825.9
-6.92.39.1
4.1
4.5
II
49.4
49.6
24.428.4
6.82.69.4
3.6
-.2
III
49.4
52.5
24.829.2
-5.62.88.5
4.1
-3.0
IV
54.9
51.9
23.029.3
-4.73.68.3
4.3
3.0
1988
I
55.8
56.2
24.231.0
-4.13.57.6
5.1
-.3
IIr
55.4
55.4
24.530.7
-4.73.17.8
4.9
0
1. Includes new trucks only.
Table 2.2.—Personal Consumption Expenditures by Major Type ofProduct
[Billions of dollars]
Personal consumptionexpenditures
Durable goods
Motor vehicles and partsFurniture and household
equipmentOther
Nondurable goods
FoodClothing and shoesGasoline and oil .Other nondurable goods
Fuel oil and coalOther
Services
HousingHousehold operation
Electricity and gasOther
TransportationMedical careOther
1986
2,807.5
406.5
196.4
140.070.1
943.6
501.0167.073.3
202.216.7
185.6
1,457.3
434.3179.987.492.595.8
320.1427.2
1987
3,012.1
421.9
195.8
148.377.8
997.9
526.4178.277.0
216.316.2
200.1
1,592.3
467.7186.388.897.5
106.2360.3471.8
Seasonally adjusted at annual rates
1987
I
2,921.7
403.5
181.7
145.975.9
977.5
521.0174.572.1
209.915.7
194.2
1,540.7
455.4180.084.995.1
102.1344.0459.2
II
2,992.2
420.5
194.5
147.878.3
995.3
525.3176.877.4
215.816.3
199.5
1,576.4
462.6187.390.696.8
104.6355.7466.2
III
3,058.2
441.4
212.9
150.278.3
1,006.6
528.4180.479.3
218.516.0
202.5
1,610.2
471.1189.690.898.8
105.8367.3476.4
IV
3,076.3
422.0
194.0
149.478.6
1,012.4
530.9181.279.3
220.916.6
204.2
1,641.9
481.8188.288.899.5
112.0374.4485.4
1988
I
3,128.1
437.8
202.2
154.781.0
1,016.2
535.9180.576.3
223.517.0
206.6
1,674.1
490.1190.990.2
100.7111.3384.9497.0
II r
3,189.1
448.2
207.2
159.481.6
1,035.7
546.1183.478.4
227.817.3
210.6
1,705.2
496.4193.891.2
102.6114.0395.6505.3
Table 2.3.—Personal Consumption Expenditures by Major Type ofProduct in Constant Dollars
[Billions of 1982 dollars]
Personal consumptionexpenditures
Durable goods
Motor vehicles and partsFurniture and household
equipmentOther....
Nondurable goods
FoodClothing and shoesGasoline and oilOther nondurable goods
Fuel oil and coalOther
Services
HousingHousehold operation
Electricity and gas....
TransportationMedical careOther
1986
2,455.2
385.0
176.4
143.265.4
879.5
448.0157.697.3
176.622.0
154.6
1,190.7
348.3152.176.675.585.4
251.5353.4
1987
2,521.0
390.9
170.4
151.069.6
890.5
450.4160.598.3
181.321.1
160.2
1,239.5
358.3157.079.078.089.3
268.2366.6
Seasonally adjusted at annual rates
1987
I
2,490.2
378.3
160.7
148.569.1
889.9
452.9160.797.3
179.021.3
157.7
1,222.0
355.0152.776.076.787.6
261.4365.3
II
2,516.6
391.3
169.9
151.070.4
889.8
450.1158.299.6
181.921.3
160.6
1,235.5
357.1158.180.577.688.9
266.6364.8
III
2,545.2
406.5
184.2
152.769.7
891.9
449.4162.997.8
181.720.4
161.4
1,246.8
359.3159.280.578.690.1
270.9367.3
IV
2,531.7
387.6
166.7
151.969.0
890.5
449.2160.398.4
182.621.4
161.2
1,253.6
361.7158.179.279.090.8
274.0369.0
1988
I
2,559.8
401.1
173.5
157.370.3
892.7
451.4159.698.8
183.022.0
161.0
1,265.9
363.6160.480.580.091.7
276.9373.2
IF
2,577.2
409.3
177.7
161.769.9
892.7
453.0156.599.3
183.921.9
162.0
1,275.2
365.6161.380.980.493.3
279.0376.0
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 11
Table 3.2.—Federal Government Receipts and Expenditures[Billions of dollars]
Table 3.3.—State and Local Government Receipts and Expenditures[Billions of dollars]
Receipts
Personal tax and nontaxreceiptsIncome taxesEstate and gift taxesNontaxes
Corporate profits tax accrualsFederal Reserve banksOther
Indirect business tax andnontax accrualsExcise taxesCustoms dutiesNontaxes .
Contributions for socialinsurance
Expenditures
Purchases of goods and services...National defenseNondefense
Transfer paymentsTo personsTo foreigners
Grants-in-aid to State and localgovernments
Net interest paidInterest paid
To persons and businessTo foreigners
Less: Interest received bygovernment
Subsidies less current surplus ofgovernment enterprisesSubsidiesLess: Current surplus of
government enterprises
Less: Wage accruals lessdisbursements
Surplus or deficit (-),national income andproduct accounts
Social insurance fundsOther
1986
828.3
361.5353.6
7.1.8
83.917.866.1
50.830.913.76.3
332.2
1,033.9
366.2277.588.7
399.8385.913.9
106.8
135.4158.3135.622.6
22.8
25.726.5
.8
0
-205.6
17.4-223.1
1987
916.5
405.6396.8
7.41.4
105.817.788.1
54.031.815.46.8
351.0
1,074.2
382.0295.386.7
414.2402.0
12.2
102.7
143.0162.5138.424.1
19.4
32.430.8
-1.6
0
-157.8
27.5-185.3
Seasonally adjusted at annual rates
1987
I
871.3
373.8365.4
7.31.1
100.117.482.8
53.031.315.16.6
344.5
1,059.6
372.7287.385.4
406.6396.010.6
101.9
139.0158.9135.123.8
19.9
39.437.7
-1.8
0
-188.3
24.2-212.5
II
920.0
413.1403.9
7.81.3
105.017.787.2
54.331.915.66.8
347.7
1,064.0
377.5294.882.6
413.4402.211.2
105.5
139.8159.5135.623.9
19.6
27.827.3
-.5
0
-144.0
23.2-167.2
III
930.1
413.3403.9
7.71.7
110.517.992.6
53.931.715.26.9
352.4
1,068.4
386.3299.886.4
414.2403.5
10.7
101.9
143.8163.0139.123.9
19.3
22.620.8
-1.8
.2
-138.3
27.8-166.1
IV
944.4
422.3414.1
6.71.6
107.717.989.8
55.032.215.87.0
359.4
1,104.9
391.4299.292.2
422.5406.116.4
101.4
149.5168.4143.824.6
18.9
39.737.6
-2.1
2
-160.4
34.9-195.3
1988
I
951.0
404.6395.9
7.11.5
107.218.488.8
55.932.416.57.0
383.4
1,106.1
377.7298.479.3
434.4422.911.5
111.1
149.9172.5146.026.6
22.6
33.029.6
-3.3
0
-155.1
44.8-199.8
II r
983.6
425.0415.1
8.21.7
112.418.394.0
55.933.015.97.0
390.3
1,114.5
381.6298.283.4
437.3426.510.7
110.4
152.0171.8145.026.8
19.9
33.232.0
-1.3
0
-130.9
49.9-180.7
Table 3.7B.—Government Purchases of Goods and Services by Type[Billions of dollars]
Government purchases ofgoods and services
Federal
National defenseDurable goods .Nondurable goodsServices
Compensation of
MilitaryCivilian
Other servicesStructures
NondefenseDurable goodsNondurable goods
Commodity CreditCorporation inventorychange
Other nondurablesServices
Compensation ofemployees
Other servicesStructures
State and local
Durable goodsNondurable goodsServices
Compensation of employees...Other services
Structures
1986
871.2
366.2
277.583.511.1
176.4
104.070.233.872.4
6.6
88.74.1
11.1
5.35.7
65.9
39.526.47.6
505.0
24.340.0
380.4299.980.560.3
1987
924.7
382.0
295.389.810.5
187.8
108.973.235.778.97.2
86.74.13.2
-3.36.5
70.9
42.128.88.5
542.8
26.944.1
409.6321.787.962.2
Seasonally adjusted at annual rates
1987
I
903.8
372.7
287.388.39.6
182.6.
107.972.835.174.86.9
85.43.96.2
.35.9
67.3
41.326.08.0
531.1
26.042.6
399.4313.785.763.1
II
915.7
377.5
294.889.510.2
188.5
108.773.035.779.8
6.6
82.64.0-.4
-7.57.1
70.3
42.128.28.7
538.2
2&643.8
406.0319.087.061.8
III
932.2
386.3
299.893.110.9
188.1
109.073.135.979.17.8
86.44.21.9
-4.86.7
71.5
42.329.18.9
546.0
27.344.9
413.1324.488.760.7
IV
947.3
391.4
299.288.411.3
191.9
110.073.936.281.97.6
92.24.54.9
-1.46.3
74.5
42.731.88.3
555.9
27.845.0
420.0329.990.263.1
1988
I
945.2
377.7
298.483.810.8
197.3
112.775.537.284.66.6
79.34.691
-17.58.4
76.4
44.032.37.5
567.5
28.445.3
428.7336.492.265.2
IF
961.0
381.6
298.284.411.0
195.9
113.275.837.482.76.8
83.45.0
-8.1
-16.88.7
78.6
44.334.38.0
579.4
29.247.0
436.7342.194.766.5
Receipts
Personal tax and nontaxreceipts
Income taxesNontaxesOther
Corporate profits tax accruals
Indirect business tax andnontax accruals.. . . .
Sales taxesProperty taxesOther
Contributions for socialinsurance
Federal grants-in-aid
Expenditures
Purchases of goods and services...
Compensation of employeesOther . .
Transfer payments to persons
Interest paidLess: Interest received by
government
Less: Dividends received bygovernment
Subsidies less current surplus ofgovernment enterprises
SubsidiesLess: Current surplus of
government enterprises
Less: Wage accruals lessdisbursements
Surplus or deficit (-),national income andproduct accounts ....
Social insurance fundsOther
1986
623.0
150.0
76.860.412.7
22.7
297.6
139.9114.643.1
46.0
106.8
561.9
505.0
299.9205.2
110.1
348
47.6
82.4
5.5
-13.1
.8
13.9
0
61.2
56.25.0
1987
655.7
164.7
86.164.813.8
27.9
312.3
148.7121.941.6
48.1
102.7
602.8
542.8
321.7221.1
118.7
377
53.3
91.0
6.9
-14.0
1.0
15.0
0
52.9
62.192
Seasonally adjusted at annual rates
1987
I
637.5
158.4
81.863.213.5
26.2
304.0
143.6119.141.3
47.0
101.9
589.9
531.1
313.7217.4
115.6
365
51.2
87.7
6.4
-13.9
.9
14.8
0
47.7
59.5-11.8
II
659.3
168.9
90.964.313.7
27.6
309.5
147.4121.041.2
47.7
105.5
597.9
538.2
319.0219.2
117.7
-37.3
52.6
89.9
6,7
-13.9
.9
14.9
0
61.4
61.2.1
III
659.1
162.9
83.565.413.9
29.4
316.5
151.5122.842.1
48.4
101.9
606.2
546.0
324.4221.6
119.7
-38.0
54.0
92.1
7.2
-14.3
1.0
15.3
0
52.9
63.0-10.1
IV
666.9
168.6
88.166.514.1
28.5
319.2
152.5124.742.0
49.2
101.4
617.2
555.9
329.9226.0
121.7
388
55.4
94.2
7.5
-14.1
1.0
15.1
0
49.7
64.6-14.8
1988
I
685.5
171.3
89.367.614.3
29.7
323.5
154.3126.642.6
49.9
111.1
629.7
567.5
336.4231.1
123.8
39 5
56.8
96.3
7.8
-14.4
1.0
15.5
0
55.8
66.1-10.3
II r
698.6
176.0
92.668.714.7
31.8
329.8
157.8128.543.4
50.6
110.4
642.4
579.4
342.1237.4
126.1
403
58.3
98.6
8.1
-14.7
1.1
15.8
0
56.2
67.7-11.6
Table 3.8B.—Government Purchases of Goods and Services by Type inConstant Dollars[Billions of 1982 dollars]
3
8
IF
Government purchases of961.0 goods and services
381.6 Federal
298.2 National defense84.4 Durable goods..11.0 Nondurable goods
195.9 ServicesCompensation of
113.2 employees75.8 Military37.4 Civilian82.7 Other services...6.8 Structures
83.4 Nondefense5.0 Durable goods
— 8.1 Nondurable goodsCommodity Credit
Corporation inventory— 16.8 change
8.7 Other nondurables78.6 Services
Compensation of44.3 employees34.3 Other services8.0 Structures
579.4 State and local
29.2 Durable goods47.0 Nondurable goods
436.7 Services342.1 Compensation of employees...94.7 Other services66.5 Structures
1986
760.5
333.4
251.478.115.4
152.3
88.859.928.963.45.6
82.04.5
13.4
7.85.6
57.1
33.723.46.9
427.1
22.544.3
306.9240.866.153.4
1987
780.2
339.0
264.987.914.7
156.4
89.360.229.067.25.9
74.14.82.5
-3.96.4
59.2
34.225.07.5
441.2
24.446.4
316.0246.469.654.3
Seasonally adjusted at annual rates
1987
I
772.9
334.0
257.083.714.1
153.5
89.160.328.864.55.7
77.04.58.7
2.85.9
56.6
33.922.87.1
438.9
23.746.1
313.4244.568.955.7
II
772.2
332.1
264.887.214.6
157.6
89.160.129.068.55.5
67.34.6
-3.8
-11.07.2
58.8
34.224.57.8
440.1
24.246.3
315.4246.169.354.3
III
782.9
342.1
269.592.114.6
156.4
89.360.229.167.16.3
72.64.9.3
-6.36.6
59.5
34.425.27.8
440.8
24.746.6
316.8247.1
69.752.8
IV
792.6
347.7
268.288.415.6
158.0
89.560.329.268.66.1
79.55.44.9
-1.16.1
61.8
34.427.47.3
444.9
25.146.9
318.5248.170.454.4
1988
I
776.4
327.8
264.684.914.6
159.9
89.360.129.270.55.2
63.25.6
-11.1
-19.38.2
62.2
34.527.76.5
448.7
25.547.5
320.3249.071.355.4
IIr
783.3
331.0
263.285.514.5
157.9
89.159.929.268.75.4
67.85.9
-8.7
-17.08.3
63.7
34.629.16.8
452.3
26.048.3
322.2249.972.355.8
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
12 SURVEY OF CURRENT BUSINESS August 1988
Table 3.9.—National Defense Purchases of Goods and Services[Billions of dollars]
Table 3.10.—National Defense Purchases of Goods and Services inConstant Dollars[Billions of 1982 dollars]
National defensepurchases
Durable goods
Military equipmentAircraftMissilesShipsVehiclesElectronic equipmentOther
Other durable goods
Nondurable goods
Petroleum productsAmmunitionOther nondurable goods
Services
Compensation of employeesMilitaryCivilian
Other servicesContractual research and
developmentInstallation support 1Weapons support 2
Personnel support 3Transportation of materiel ....Travel of personsOther
Structures
Military facilitiesOther
1986
277.5
83.5
71.132.911.58.54.75.18.4
12.4
11.1
4.34.32.5
176.4
104.070.233.872.4
28.618.67.8
10.43.43.5
.2
6.6
4.12.4
1987
295.3
89.8
77.333.413.08.54.85.8
11.812.5
10.5
4.23.82.5
187.8
108.973.235.778.9
28.522.39.0
11.34.03.80
7.2
4.92.4
Seasonally adjusted at annual rates
1987
I
287.3
88.3
76.733.112.48.45.25.8
11.811.6
9.6
3.43.82.4
182.6
107.972.835.174.8
28.820.58.69.93.53.7-.3
6.9
4.42.4
II
294.8
89.5
76.831.313.99.14.95.9
11.612.7
10.2
3.83.82.6
188.5
108.773.035.779.8
29.122.48.9
11.53.83.8
.2
6.6
4.52.2
III
299.8
93.1
79.935.412.58.44.45.9
13.413.2
10.9
4.34.12.5
188.1
109.073.135.979.1
27.622.89.2
12.14.23.8-.6
7.8
5.22.5
IV
299.2
88.4
75.933.713.38.24.65.6
10.512.4
11.3
5.33.62.4
191.9
110.073.936.281.9
28.423.49.3
11.94.53.9
.7
7.6
5.32.3
1988
I
298.4
83.8
72.329.811.78.44.55.9
12.011.5
10.8
4.33.82.6
197.3
112.775.537.284.6
30.624.79.3
11.74.33.7.3
6.6
4.22.4
IIr
298.2
84.4
73.229.612.57.94.66.0
12.511.3
11.0
4.44.12.5
195.9
113.275.837.482.7
30.223.89.1
11.44.23.9.1
6.8
4.62.2
1. Includes utilities, communications, rental payments, maintenance and repair, and paymentsto contractors to operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other thanresearch and development.
3. Includes compensation of foreign personnel, consulting, training, and education.
Table 4.1.—Foreign Transactions in the National Income and ProductAccounts
[Billions of dollars]
Receipts from foreigners ...
Exports of goods and servicesMerchandise
Durable goodsNondurable goods
Services...Factor income x
Other
Capital grants received by theUnited States (net)
Payments to foreigners
Imports of goods and servicesMerchandise
Durable goodsNondurable goods
ServicesFactor income 1
Other
Transfer payments (net) . .From persons (net)From government (net)
Interest paid by government toforeigners
Net foreign investment
1986
378.4
378.4225.0140.484.6
153.487.565.9
0
378.4
482.8367.7238.7129.0115.152.662.5
15.41.4
13.9
22.6
1424
1987
428.0
428.0254.8158.396.4
173.396.177.2
0
428.0
551.1413.0264.5148.5138.166.671.5
13.51.3
12.2
24.1
-160.6
Seasonally adjusted at annual rates
1987
I
395.3
395.3232.5144.288.3
162.888.174.7
0
395.3
514.4390.1253.2136.8124.356.268.1
11.91.4
10.6
23.8
-154.8
II
416.8
416.8245.1150.694.5
171.793.877.9
0
416.8
539.0402.3258.0144.3136.765.671.1
12.61.4
11.2
23.9
-158.6
III
440.4
440.4264.8163.5101.3175.697.378.3
0
440.4
565.6421.7265.2156.5143.970.573.4
12.01.3
10.7
23.9
-161.1
IV
459.7
459.7276.7175.0101.7183.0105.177.9
0
459.7
585.4438.0281.8156.2147.474.173.3
17.61.2
16.4
24.6
-167.8
1988
I
487.8
487.8300.8188.2112.5187.0104.782.3
0
487.8
599.9441.7287.5154.2158.282.375.8
12.71.2
11.5
26.6
-151.3
IP
508.0
508.0318.8199.4119.3189.2106.982.3
0
508.0
596.6438.5286.1152.4158.182.076.1
11.81.1
10.7
26.8
-127.2
National defenseourchases
Durable foods
Military equipmentAircraftMissilesShips ,VehiclesElectronic equipmentOther
Other durable goods
Nondurable goods
Petroleum productsAmmunitionOther nondurable goods
Services
Compensation of employeesMilitaryCivilian
Other services ,Contractual research and
development ,Installation support lWeapons support 2 ,Personnel support 3Transportation of materiel ....Travel of personsOther
Structures
Military facilitiesOther
1986
251.4
78.1
64.028.010.97.45.04.88.0
14.2
15.4
8.54.62.3
152.3
88.859.928.963.4
25.315.56.98.53.73.4
.2
5.6
3.42.2
1987
264.9
87.9
72.530.712.87.35.15.5
11.015.4
14.7
8.44.02.3
156.4
89.360.229.067.2
24.717.97.98.84.23.70
5.9
3.92.0
Seasonally adjusted at annual rates
1987
I
257.0
83.7
69.729.011.37.25.55.4
11.114.0
14.1
8.03.82.2
153.5
89.160.328.864.5
25.216.87.67.83.73.6-.3
5.7
3.62.1
II
264.8
87.2
71.828.713.77.85.35.6
10.815.4
14.6
8.24.02.4
157.6
89.160.129.068.5
25.418.17.99.14.13.8
.2
5.5
3.61.8
III
269.5
92.1
75.933.412.57.24.85.6
12.416.2
14.6
8.14.32.3
156.4
89.360.229.167.1
23.818.18.19.54.43.7
5
6.3
4.22.1
IV
268.2
88.4
72.631.913.77.14.95.39.7
15.9
15.6
9.53.92.2
158.0
89.560.329.268.6
24.218.48.09.04.63.8
.5
6.1
4.21.9
1988
I
264.6
84.9
69.529.012.27.24.75.5
10.915.4
14.6
8.34.12.3
159.9
89.360.129.270.5
25.919.58.08.94.43.6
.2
5.2
3.31.9
IP
263.2
85.5
70.328.613.06.75.05.7
11.415.2
14.5
7.84.42.2
157.9
89.159.929.268.7
25.418.67.88.74.33.8
.1
5.4
3.61.8
1. Includes utilities, communications, rental payments, maintenance and repair, and paymentsto contractors to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.3. Includes compensation of foreign personnel, consulting, training, and education.
Table 4.2.—Exports and Imports of Goods and Services in ConstantDollars
[Billions of 1982 dollars]
Exports of goods and services
MerchandiseDurable goodsNondurable goods
ServicesFactor income 1 . . .Other
Imports of goods and services
MerchandiseDurable goodsNondurable goods
ServicesFactor income 1 .Other
1986
378.4
243.7152.691.0
134.775.858.9
515.9
412.3241.4170.9
103.745.058.7
1987
427.8
280.1177.3102.8
147.780.367.4
556.7
439.0260.2178.8
117.754.763.0
Seasonally adjusted at annual rates
1987
I
394.9
254.7158.696.1
140.274.665.6
527.7
420.2249.3170.8
107.646.860.8
II
416.4
269.4167.9101.5
146.978.868.2
542.3
425.3252.5172.8
117.054.262.8
III
440.9
291.6184.0107.7
149.281.068.2
571.6
449.5262.2187.3
122.257.764.4
IV
459.2
304.6198.8105.8
154.687.067.6
585.2
461.0276.9184.1
124.260.363.9
1988
I
486.2
329.0215.4113.6
157.186.370.9
595.1
463.1279.1184.1
132.066.865.2
IP
499.7
342.3225.3117.0
157.486.970.5
589.7
458.9276.7182.2
130.965.665.2
1. Line 6 less line 13 equals rest-of-the-world product as shown in table 1.8.
1. Line 7 less line 16 equals rest-of-the-world product as shown in table 1.7.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 13
Table 4.3.—Merchandise Exports and Imports by Type of Product andby End-Use Category
[Billions of dollars]
Table 4.4.—Merchandise Exports and Imports by Type of Product andby End-Use Category in Constant Dollars
[Billions of 1982 dollars]
Merchandise exports....
Foods, feeds, and beveragesIndustrial supplies and
materialsDurable goodsNondurable goods
Capital goods, except autosAutos ..Consumer goods
Durable goodsNondurable goods
OtherDurable goods *Nondurable goods * ....
Merchandise imports
Foods, feeds, and beveragesIndustrial supplies and
materials, excludingpetroleumDurable goods . ....Nondurable goods
Petroleum and productsCapital goods, except autosAutosConsumer goods
Durable goodsNondurable goods
OtherDurable goods 1
Nondurable goods 1
Addenda:
Exports of agriculturalproducts 2
Exports of nonagriculturalproducts
Imports of nonpetroleumproducts ....
1986
225.0
23.1
58.418.140.379.324.914.65.88.8
24.612.312.3
367.7
24.3
62.234.327.834.472.178.179.245.433.817.48.78.7
27.4
197.7
333.3
1987
254.8
24.6
66.520.945.688.126.318.07.4
10.531.315.7.15.7
413.0
24.7
66.635.631.042.984.885.288.749.039.720.210.110.1
29.5
225.3
370.1
Seasonally adjusted at annual rates
1987
I
232.5
21.4
61.519.042.579.324.416.46.89.7
29.514.714.7
390.1
24.2
65.035.229.835.076.683.885.847.838.019.69.89.8
25.9
206.5
355.0
II
245.1
23.5
65.420.145.383.224.917.57.1
10.430.515.315.3
402.3
24.9
62.833.329.440.382.484.088.848.740.119.29.69.6
28.5
216.6
362.0
III
264.8
28.1
68.221.546.793.325.418.67.7
10.931.215.615.6
421.7
24.8
66.235.131.051.087.084.188.148.839.420.510.210.2
33.1
231.7
370.6
IV
276.7
25.4
71.022.848.196.530.519.38.1
11.134.117.017.0
438.0
25.1
72.338.633.745.293.288.792.050.641.421.410.710.7
30.5
246.2
392.8
1988
I
300.8
30.1
77.824.653.3
105.431.721.29.3
11.934.617.317.3
441.7
26.0
76.741.835.039.896.487.494.251.542.821.110.510.5
36.1
264.7
401.9
II r
318.8
32.9
82.728.254.5
110.032.123.010.112.938.119.019.0
438.5
23.8
75.139.935.240.9
100.684.492.750.742.021.010.510.5
38.8
280.0
397.6
1. Because no data are available to distribute exports and imports of "other" merchandisebetween durable and nondurable goods, they are distributed equally.
2. Includes parts of line 2 and line 5.
NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. Fora description of the new definitions, see the technical notes in 'U.S. International Transactions,First Quarter 1988,' SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.
Merchandise exports
Foods, feeds, and beveragesIndustrial supplies and
materials ...Durable goodsNondurable goods
Capital goods, except autosAutosConsumer goods
Durable goodsNondurable goods
OtherDurable goods x
Nondurable goods 1
Merchandise imports
Foods, feeds, and beveragesIndustrial supplies and
materials, excludingpetroleumDurable goodsNondurable goods
Petroleum and productsCapital goods, except autosAutos .Consumer goods
Durable goodsNondurable goods
OtherDurable goods *Nondurable goods l
Addenda:
Exports of agriculturalproducts 2.
Exports of nonagriculturalproducts
Imports of nonpetroleumproducts
1986
243.7
26.3
63.819.744.092.422.314.15.88.3
24.812.412.4
412.3
23.2
73.640.633.075.382.866.074.543.531.016.98.48.4
30.6
213.0
337.0
1987
280.1
29.9
69.721.947.8
109.523.216.77.39.5
31.015.515.5
439.0
23.9
74.239.834.577.999.468.177.143.833.418.39.29.2
34.9
245.2
361.1
Seasonally adjusted at annual rates
1987
I
254.7
26.2
67.020.746.394.621.815.56.68.8
29.714.814.8
420.2
23.5
76.641.635.070.086.868.176.843.733.218.49.29.2
30.9
223.8
350.2
II
269.4
28.9
69.321.348.0
102.422.016.47.19.4
30.515.215.2
425.3
24.6
71.638.133.472.294.667.177.643.833.817.68.88.8
33.9
235.6
353.1
III
291.6
34.3
70.422.248.2
116.422.417.37.59.8
30.815.415.4
449.5
23.8
71.838.233.688.0
104.067.276.243.532.718.59.29.2
39.7
252.0
361.5
IV
304.6
30.5
72.023.248.9
124.526.817.67.89.8
33.216.616.6
461.0
23.7
77.041.135.981.4
112.269.977.844.133.718.99.59.5
35.2
269.4
379.6
1988
I
329.0
34.1
76.924.352.6
138.027.919.18.8
10.333.016.516.5
463.1
23.8
77.142.035.182.2
116.467.777.643.833.818.19.19.1
39.3
289.7
380.9
IF
342.3
34.9
80.427.453.0
142.428.220.79.5
11.235.717.917.9
458.9
21.6
72.738.834.085.0
122.264.775.042.232.817.78.88.8
39.9
302.4
373.9
1. Because no data are available to distribute exports and imports of "other" merchandisebetween durable and nondurable goods, they are distributed equally.
2. Includes parts of line 2 and line 5.
NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. Fora description of the new definitions, see the technical notes in 'U.S. International Transactions,First Quarter 1988,' SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.
Table 5.1.—Gross Saving and Investment[Billions of dollars]
Gross saving ...
Gross private savingPersonal savingUndistributed corporate
profits with inventoryvaluation and capitalconsumption adjustmentsUndistributed profitsInventory valuation
adjustmentCapital consumption
adjustmentCorporate capital
consumption allowanceswith capital consumptionadjustment
Noncorporate capitalconsumption allowanceswith capital consumptionadjustment
Wage accruals lessdisbursements
Government surplus or deficit(-), national income and
FederalState and local
Capital grants received by theUnited States (net)
Gross investment
Gross private domesticinvestment
Statistical discrepancy
1986
537.2
681.6121.7
104.141.6
8.3
54.2
282.4
173.5
0
-144.4-205.6
61.2
0
523.6
665.91424
-13.6
1987
560.4
665.3104.2
81.147.4
-18.0
51.7
297.5
182.5
0
10491578
52.9
0
552.3
712.91606
-8.1
Seasonally adjusted at annual rates
1987
I
539.2
679.8130.8
80.343.8
-14.4
50.8
291.2
177.5
0
14061883
47.7
0
530.6
685.51548
-8.5
II
542.4
625.069.5
78.547.0
200
51.5
295.4
181.6
0
-82.61440
61.4
0
539.9
698.51586
-2.5
III
556.8
642.272.6
85.052.4
-19.5
52.1
299.7
184.9
0
-85.51383
52.9
0
541.7
702.8161 1
-15.1
IV
603.4
714.1144.0
80.546.4
-18.2
52.4
303.7
185.8
0
-110.7-160.4
49.7
0
597.0
764.9-167.8
-6.4
1988
I
627.0
726.3149.9
78.148.1
-19.4
49.4
309.8
188.5
0
-99.2-155.1
55.8
0
612.0
763.4-151.3
-15.0
IF
645.3
720.0132.6
84.863.5
-27.1
48.4
312.9
189.7
0
-74.7-130.9
56.2
0
631.0
758.2-127.2
-14.3
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
14 SURVEY OF CURRENT BUSINESS August 1988
Table 5.8.—Change in Business Inventories by Industry[Billions of dollars]
Table 5.9.—Change in Business Inventories by Industry in ConstantDollars
[Billions of 1982 dollars]
Change in businessinventories
Farm
NonfarmChange in book valueInventory valuation
adjustment 1
ManufacturingDurable goodsNondurable goods
Wholesale tradeDurable goodsNondurable goods
Merchant wholesalersDurable goodsNondurable goods.
Nonmerchant wholesalersDurable goodsNondurable goods
Retail tradeDurable goods
AutomotiveOther
Nondurable goods
OtherDurable goodsNondurable goods
1986
15.5
-1.9
17.44.8
12.7
-3.3-3.0-.3
7.03.93.1
6.73.73.0
.4
.2
.1
3.3.7
162.22.6
10.42.77.7
1987
39.2
1 5
40.764.5
238
6.14.61.5
7.45.32.1
7.24.82.3
.2
.5-.3
21.314.610.64.06.7
5.92.03.9
Seasonally adjusted at annual rates
1987
I
37.7
-3.2
40.959.6
-18.7
1.1.2.8
7.47.5-.1
5.76.4
7
1.71.1.6
28.220.820.2
.57.5
4.2.3
3.9
II
32.7
1.3
31.458.4
270
-2.6-1.0-1.6
3.73.7
1
6.55.01.5
-2.8-1.3-1.6
25.918.510.67.97.3
4.53.11.4
III
14.5
-3.3
17.843.2
-25.4
11.17.63.5
-3.4-5.3
1.9
37572.0
.4
.5-.1
2.9-2.7-3.5
.85.6
7.13.23.9
IV
72.0
-.8
72.896.9
-24.1
14.811.73.2
22.015.46.6
20.113.66.5
1.81.8.1
28.221.915.16.86.2
7.81.46.4
1988
I
65.3
15.9
49.478.1
-28.7
15.49.65.8
24.621.23.4
22.619.33.3
2.01.9
.2
1.2-7.0
-11.64.68.2
8.22.95.3
IP
42.9
10.4
32.574.0
415
6.37.0-.7
-.2-8.1
7.9
.3-7.6
7.9
-.55
0
15.314.012.02.01.3
11.24.56.6
Change in businessinventories
Farm
Nonfarm
ManufacturingDurable goodsNondurable goods
Wholesale tradeDurable goodsNondurable goods
Merchant wholesalersDurable goodsNondurable goods
Nonmerchant wholesalersDurable goodsNondurable goods
Retail tradeDurable goods
AutomotiveOther
Nondurable goods
OtherDurable goodsNondurable goods
1986
15.4
-2.5
17.9
3 531-.4
7.13.73.3
6.73.53.2
.3
.2
.1
3.1.7
152.12.5
11.32.58.8
1987
34.4
-2.5
36.9
5.24.11.1
5.84.9
.9
5.84.41.4
0.5
-.5
19.213.19.33.76.1
6.71.94.9
Seasonally adjusted at annual rates
1987
I
29.8
-6.3
36.14
0-.5
6.27.0-.7
4.15.9
-1.9
2.21.01.1
25.318.417.9
.46.9
5.0.3
4.7
II
27.8
2.7
25.0
4013
-2.7
1.13.3
-2.3
4.74.6.1
-3.612
-2.4
23.416.69.37.36.8
4.62.91.8
III
13.0
-5.3
18.3
10.87.03.9
-3.5-4.8
1.3
-3.6-5.3
1.6
.2
.5-.3
2.9-2.2-3.0
.85.1
8.02.95.0
IV
67.1
-1.1
68.2
14.410.63.8
19.414.15.3
18.112.55.6
1.31.7-.4
25.119.513.26.35.6
9.31.38.0
1988
I
66.0
14.1
51.9
15.88.77.1
24.918.26.7
22.716.46.3
2.21.8.4
1.5-5.91014.27.4
9.72.57.2
ir
36.0
5.0
31.1
5.76.3
64
716.6
-.1-6.7
6.5
-.3-.4
.1
13.412.310.41.91.1
12.43.98.5
1. The inventory valuation adjustment (IVA) shown in this table differs from the IVA thatadjusts business incomes. The IVA in this table reflects the mix of methods (first-in, first-out;last-in, first-out; etc.) underlying book value inventories derived primarily from Census Bureaustatistics. This mix differs from that underlying business income derived primarily fromInternal Revenue Service statistics.
Table 5.10.—Inventories and Final Sales of Business by Industry[Billions of dollars]
Table 5.11.—Inventories and Final Sales of Business by Industry inConstant Dollars[Billions of 1982 dollars]
Inventories *
Farm
NonfarmDurable goodsNondurable goods
ManufacturingDurable goodsNondurable goods . .
Wholesale tradeDursblfi goodsNondurable goods
Merchant wholesalersDurable goodsNondurable goods
Nonmerchant wholesalersDurable goods . ..Nondurable goods
Retail tradeDurable goods
Automotive ,Other
Nondurable goods ..
Other
Final sales 2
Final sales of goods and structures 2
Ratio of inventories to final sales
Inventories to final salesNonfarm inventories to final salesNonfarm inventories to final sales of goods and
structures
Seasonally adjusted quarterly totals
1987
I
881.4
66.5
815.0477.5337.5
327.1218.5108.6
189.0123.565.5
164.0108.855.1
25.014.710.3
195.298.050.547.597.2
103.7
308.2177.1
2.862.64
4.60
II
902.3
69.9
832.4487.9344.5
330.8220.6110.2
192.7125.467.2
167.9110.956.9
24.814.510.3
203.5103.553.649.9
100.1
105.4
315.6181.3
2.862.64
4.59
III
914.1
68.2
845.9494.0351.9
337.8225.2112.6
194.0125.468.7
168.7110.558.2
25.314.910.4
205.5103.452.850.6
102.1
108.5
323.3186.6
2.832.62
4.53
IV
941.5
68.8
872.8513.3359.5
346.2231.9114.3
201.0130.670.5
175.2115.060.2
25.815.610.2
213.7109.456.752.7
104.3
111.7
325.1185.6
2.902.68
4.70
1988
I
965.2
72.6
892.6523.5369.1
353.4236.1117.3
209.3137.072.3
182.7120.861.9
26.716.210.5
215.2108.053.854.2
107.2
114.7
330.2187.8
2.922.70
4.75
IP
991.8 Inventories 1
794 Farm
912 3 Nonfarm532 5 Durable goods379 8 Nondurable goods
360 1 Manufacturing240.5 Durable goods119 6 Nondurable goods
212 8 Wholesale trade136 1 Durable goods76 7 Nondurable goods
185 9 Merchant wholesalers119 9 Durable goods66.0 Nondurable goods
26.9 Nonmerchant wholesalers16 2 Durable goods10 7 Nondurable goods
221.0 Retail trade112.0 Durable goods . ...56.9 Automotive55 1 Other
109 0 Nondurable goods
118.4 Other
338.9 Final sales 2
194.1 Final sales of goods and structures 2
Ratio of inventories to final sales
2 93 Inventories to final sales
Nonfarm inventories to final sales of goods and4.70 structures
Seasonally adjusted quarterly totals
1987
I
856.2
71.1
785.1443.8341.3
317.0206.1110.9
183.0114.368.7
156.4100.555.9
26.513.712.8
178.588.844.444.489.7
106.7
268.7164.1
3.192.92
4.79
II
863.2
71.8
791.4449.2342.2
316.0205.8110.2
183.2115.168.1
157.6101.756.0
25.613.412.2
184.392.946.746.291.4
107.8
272.8166.5
3.162.90
4.75
III
866.4
70.5
796.0449.9346.1
318.7207.5111.2
182.4113.968.5
156.7100.356.4
25.613.612.1
185.192.445.946.492.7
109.8
277.3170.5
3.122.87
4.67
IV
883.2
70.2
813.0461.3351.7
322.3210.2112.2
187.2117.469.8
161.2103.557.8
26.014.012.0
191.397.249.248.094.1
112.1
277.2169.5
3.192.93
4.80
1988
I
899.7
73.7
826.0467.1358.8
326.3212.4113.9
193.4122.071.4
166.9107.659.3
26.514.412.1
191.795.846.749.095.9
114.6
280.4171.4
3.212.95
4.82
IP
908.7
74.9
833.8471.0362.7
327.7213.9113.8
193.3120.273.1
166.9105.961.0
26.414.312.1
195.198.849.349.596.2
117.7
285.2175.5
3.192.92
4.75
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventoriescalculated from current-dollar inventories in this table is not the current- dollar change inbusiness inventories (CBI) component of GNP. The former is the difference between twoinventory stocks, each valued at their respective end-of-quarter prices. The latter is the changein the physical volume of inventories valued at average prices of the quarter. In addition,changes calculated from this table are at quarterly rates, whereas CBI is stated at annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross productof households and institutions, government, and rest of the world, and includes a small amountof final sales by farms.
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from thistable are at quarterly rates, whereas the constant-dollar change in business inventoriescomponent of GNP is stated at annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross productof households and institutions, government, and rest of the world, and includes a small amountof final sales by farms.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 15
Table 5.12.—Fixed Investment by Type[Billions of dollars]
Table 5.13.—Fixed Investment by Type in Constant Dollars[Billions of 1982 dollars]
Fixed investment
Nonresidential
StructuresNonresidential buildings,
excluding farmPublic utilitiesMining exploration,
shafts, and wellsOther
Producers' durableequipment ,Information processing
and related equipment....Industrial equipmentTransportation and
related equipmentOther
ResidentialSingle family structuresMultifamily structuresOther
1986
650.4
433.9
138.5
91.827.4
14.94.4
295.4
96.568.9
66.963.0
216.6102.032.582.1
1987
673.7
446.8
139.5
92.628.4
13.94.5
307.3
101.270.6
67.867.6
226.9114.525.587.0
Seasonally adjusted at annual rates
1987
I
647.8
422.8
132.7
88.727.0
12.74.3
290.1
97.168.1
61.363.6
225.0111.528.285.3
II
665.8
438.2
134.4
90.327.1
12.34.7
303.8
99.268.9
69.466.2
227.6114.125.588.0
III
688.3
462.1
143.0
95.028.9
14.64.6
319.1
105.771.4
72.169.9
226.2115.023.987.3
IV
692.9
464.1
147.7
96.630.8
15.84.6
316.3
102.874.2
68.570.9
228.8117.324.187.4
1988
I
698.1
471.5
140.1
93.327.7
15.14.0
331.3
107.077.2
74.273.0
226.6116.522.187.9
II r
715.3
488.2
145.4
98.529.1
14.33.5
342.8
111.379.5
78.074.0
227.1116.120.990.1
Fixed investment
Nonresidential
StructuresNonresidential buildings,
excluding farmPublic utilitiesMining exploration,
shafts, and wellsOther
Producers' durableequipmentInformation processing
and related equipment....Industrial equipmentTransportation and
related equipmentOther
ResidentialSingle family structuresMultifamily structuresOther
1986
628.1
433.1
129.3
79.625.2
20.73.9
303.8
124.962.1
59.857.0
195.091.429.174.5
1987
640.4
445.1
125.5
77.125.7
18.83.9
319.6
139.461.4
59.159.7
195.297.521.776.0
Seasonally adjusted at annual rates
1987
I
616.6
418.2
121.0
75.224.6
17.53.7
297.2
128.059.9
53.056.3
198.497.824.875.9
II
632.3
434.8
120.9
75.424.6
16.84.1
313.8
134.660.1
60.858.3
197.698.222.077.4
III
654.9
462.8
128.0
78.326.0
19.74.0
334.7
148.062.1
62.961.8
192.196.520.175.5
IV
657.6
464.8
132.1
79.427.6
21.14.0
332.7
147.063.4
59.862.5
192.797.320.075.4
1988
I
662.9
473.4
124.0
76.124.6
19.83.4
349.4
155.965.2
64.963.4
189.596.218.275.2
IF
681.6
491.6
127.6
80.225.6
18.73.0
364.1
166.066.5
67.763.9
190.096.217.376.4
Table 6.3B.—National Income Without Capital ConsumptionAdjustment by Industry
[Billions of dollars]
Table 6.18B.—Corporate Profits by Industry[Billions of dollars]
National income withoutcapital consumptionadjustment
Domestic industries
Private industries
Agriculture, forestry, andfisheries
MiningConstruction
ManufacturingDurable goodsNondurable goods
Transportation and publicutilitiesTransportationCommunicationElectric, gas, and sanitary
services .
Wholesale tradeRetail tradeFinance, insurance, and
real estate
Government and governmententerprises
Rest of the world
1986
3,398.2
3,363.3
2,867.6
81.530.4
185.1
686.4405.7280.7
266.6112.873.6
80.2
203.4298.8
475.5639.8
495.7
34.9
1987
3,644.4
3,614.9
3,085.7
88.231.0
196.7
727.4419.4308.0
276.8120.776.3
79.9
213.6316.2
524.0711.6
529.2
29.5
Seasonally adjusted at annual rates
1987
I
3,536.7
3,504.8
2,987.0
91.926.1
193.0
704.4417.8286.6
267.8118.373.1
76.5
210.8308.5
503.2681.4
517.8
31.9
II
3,597.5
3,569.3
3,043.4
88.030.1
196.8
716.6414.4302.3
274.9119.375.3
80.2
207.7312.1
517.0700.2
525.9
28.2
III
3,675.0
3,648.2
3,115.5
80.532.7
197.0
740.9424.7316.3
278.8120.678.2
79.9
216.2319.8
529.8719.8
532.7
26.8
IV
3,768.3
3,737.3
3,196.8
92.635.2
200.1
747.6420.6327.0
285.8124.478.4
83.1
219.8324.6
545.9745.1
540.5
31.0
1988
I
3,821.4
3,799.1
3,246.7
90.935.3
203.4
766.4432.7333.7
286.4124.877.3
84.2
225.0331.4
553.6754.4
552.3
22.4
IF
3,905.6
3,880.6
3,321.0
:::::::::::::
559.7
24.9
Corporate profits with inventoryvaluation and capitalconsumption adjustments
Domestic industries
FinancialNonfinancial
Rest of the world
Corporate profits with inventoryvaluation adjustment
Domestic industries
FinancialFederal Reserve banksOther
Nonfinancial
Manufacturing
Durable goodsPrimary metal industriesFabricated metal productsMachinery, except electricalElectric and electronic
equipment ,Motor vehicles and equipmentOther
Nondurable goods ,Food and kindred productsChemicals and allied productsPetroleum and coal productsOther
Transportation and public utilitiesWholesale and retail tradeOther
Rest of the world
1986
298.9
266.9
36.4230.6
31.9
244.7
212.8
31.816.015.8
180.9
79.4
32.4-.55.43.3
3.27.6
13.3
47.011.29.57.0
19.3
39.246.116.3
31.9
1987
310.4
274.0
36.5237.5
36.4
258.7
222.3
30.116.014.1
192.1
96.8
36.51.45.73.2
3.27.3
15.7
60.312.813.512.221.9
34.942.817.6
36.4
Seasonally adjusted at annual rates
1987
I
298.3
263.8
36.1227.7
34.5
247.5
213.0
30.715.715.0
182.3
84.8
39.01.14.63.9
2.69.5
17.3
45.710.011.93.3
20.5
33.846.517.2
34.5
II
305.2
270.8
37.4233.3
34.4
253.6
219.2
31.416.015.4
187.8
93.8
36.6.2
4.12.7
5.39.6
14.7
57.212.212.312.020.7
35.837.820.4
34.4
III
322.0
286.7
36.3250.4
35.3
269.9
234.6
29.516.213.4
205.1
107.0
40.91.97.24.6
5.55.6
16.2
66.114.014.414.722.9
34.044.120.0
35.3
IV
316.1
274.6
36.2238.4
41.4
263.7
222.2
28.816.212.6
193.4
101.7
29.42.66.71.7
-.84.5
14.6
72.414.915.318.823.4
36.143.012.6
41.4
1988
I
316.2
286.0
35.4250.6
30.2
266.8
236.6
27.617.510.1
209.0
110.6
33.93.28.03.3
1.24.2
14.0
76.815.919.117.424.5
34.543.920.0
30.2
IF
332.0
293.8
37.5256.3
38.2
283.6
245.5
29.017.511.5
216.5
38.2
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
16 SURVEY OF CURRENT BUSINESS August 1988
Table 7.1.—Fixed-Weighted Price Indexes for Gross National Product,1982 Weights
[Index numbers, 1982=100]
Gross national product
Personal consumption expenditures
Durable goodsNondurable goodsServices
Gross private domestic investment
Fixed investmentNonresidential
StructuresProducers' durable equipment
ResidentialChange in business inventories
Net exports of goods and services
ExportsImports
Government purchases of goods andservices
FederalNational defense ....Nondefense
State and local
Addenda:
Final salesPersonal consumption expenditures,
food .Personal consumption expenditures,
energyOther personal consumption
expenditures
1986
1150
115.3
1065107.8123 0
1058104.3101.8106.0110.9
103.993.6
115.6
110.8111310941191
1149
1122
910
1191
1987
119 1
120.4
1097112.61290
108.8106.8105.1107.9115.9
106.0100.8
119.6
1135114011211241
1190
1172
917
1249
I
117 4
118.2
108 5110.3126 6
107.6106.1103.4107.8113.2
104.797.8
118.0
1125113211061220
1172
1153
891
1226
Sea
19
II
118 6
119.9
1092112.4128 1
108.4106.5104.5107.8114.9
105.5100.3
119.1
113 3113911171233
1184
1170
914
1242
isonallj
87
III
119 7
121.1
1102113.4129 6
1093107.0105.8107.7117.4
106.4101.9
120.1
1137114211251249
1195
1178
934
1255
r adjust
IV
120 8
122.5
111 01143131 5
109.9107.5106.4108.1118.3
107.0103.0
121.2
1144114811361261
1206
1186
929
1272
,ed
19
I
121 8
123.2
111 411461326
1108108.3107.5108.9119.2
108.71039
122.9
1163116611571278
1217
1192
91 1
1283
38
IF
123 2
124.8
111 91167134 1
111310891078109.7119.3
110.21052
124.3
1172117411691295
1231
1210
923
1298
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product byMajor Type of Product, 1982 Weights
[Index numbers, 1982=100]
Gross national product
Final salesChange in business inventories
Goods
Final salesChange in business inventories
Durable goodsFinal sales .... . .
Nondurable goodsFinal salesChange in business inventories
Services
Structures
1986
115.0
114.9
108.4
108.2
106.1106.0
110.0109.8
122.1
107.0
1987
119.1
119.0
111.0
110.8
107.1107.0
113.7113.5
127.6
110.7
Seasonally adjusted
1987
I
117.4
117.2
109.7
109.5
107.0106.9
111.6111.4
125.5
108.7
II
118.6
118.4
110.8
110.6
106.9106.8
113.4113.2
126.9
110.0
III
119.7
119.5
111.4
111.2
107.2107.2
114.3114.1
128.2
111.7
IV
120.8
120.6
112.1
111.9
107.0107.1
115.5115.3
129.8
112.4
1988
I
121.8
121.7
112.6
112.5
107.2107.3
116.3116.1
131.2
113.5
IF
123.2
123.1
114.2
114.1
107.6107.7
118.7118.5
132.7
113.9
Table 7.3.—Fixed-Weighted Price Indexes for Relation of Gross Nation-al Product, Gross Domestic Purchases, and Final Sales to DomesticPurchasers, 1982 Weights
[Index numbers, 1982=100]
Gross national product
Less: Exports of goods and servicesPlus: Imports of goods and services
Equals: Gross domestic purchases 1
Less: Change in business inventories
Equals: Final sales to domesticpurchasers 2
1986
115.0
103.993.6
114.0
113.9
1987
119.1
106.0100.8
118.7
118.5
Seasonally adjusted
1987
I
117.4
104.797.8
116.7
116.6
II
118.6
105.5100.3
118.1
118.0
III
119.7
106.4101.9
119.3
119.2
IV
120.8
107.0103.0
120.5
120.3
1988
I
121.8
108.7103.9
121.4
121.3
IF
123.2
110.2105.2
122.8
122.7
1. Purchases in the United States of goods and services wherever produced.2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 17
Table 7.4.—Implicit Price Deflators for Gross National Product[Index numbers, 1982=100]
Gross national product
Personal consumption expenditures
Durable goods.....Nondurable goodsServices
Gross private domestic investment
Fixed investmentNonresidential
StructuresProducers' durable equipment
ResidentialChange in business inventories
Net exports of goods and services
ExportsImports
Government purchases of goods andservices .
FederalNational defenseNondefense
State and local
1986
113.9
114.3
105.6107.3122.4
103.5100.2107.197.2
111.1
100.093.6
114.6
109.8110.4108.2118.2
1987
117.7
119.5
107.9112.1128.5
105.2100.4111.196.2
116.2
100.099.0
118.5
112.7111.5117.0123.0
Seasonally adjusted
1987
I
116.3
117.3
106.7109.8126.1
105.1101.1109.697.6
11.3.4
100.197.5
116.9
111.6111.8110.9121.0
II
117.3
118.9
107.5111.9127.6
105.3100.8111.296.8
115.2
100.199.4
118.6
113.7111.3122.9122.3
III
118.2
120.2
108.6112.9129.1
105.199.9
111.795.3
117.7
99.998.9
119.1
112.9111.3119.0123.9
IV
118.9
121.5
108.9113.7131.0
105.499.8
111.895.1
118.7
100.1100.0
119.5
112.6111.6116.0124.9
1988
I
119.4
122.2
109.1113.8132.2
105.399.6
113.094.8
119.5
100.3100.8
121.7
115.2112.8125.5126.5
II r
120.9
123.7
109.5116.0133.7
104.999.3
114.094.1
119.6
101.7101.2
122.7
115.3113.3123.0128.1
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Table 7.5.—Implicit Price Deflators for Gross National Product byMajor Type of Product
[Index numbers, 1982=100]
Gross national product
Final salesChange in business inventories
Goods
Final salesChange in business inventories
Durable goodsFinal salesChange in business inventories
Nondurable goodsFinal salesChange in business inventories
Services
Structures .'.
113.9
1140
1062
1062
101.5101.5
110.0110.1
121.9
110.2
117.7
1177
1078
1076
100.299.9
114.3114.3
127.5
114.6
116.3
1162
107 3
1069
101.3100.9
112.2111.7
125.3
112.5
117.3
1173
1078
1077
100.4100.1
114.3114.1
126.7
114.0
118.2
118.2
108.1
1080
99.899.8
115.5115.5
128.1
115.6
118.9
1191
107.9
1079
99.598.8
115.5115.9
129.7
116.2
119.4
119.8
107.5
1078
98.498.0
115.8117.0
131.2
117.4
120.9
1209
109.2
1089
98.398.1
119.5119.4
132.6
118.0
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1. * *> * v*
Table 7.6.—-Implicit Price Deflators for Gross National Product bySector
[Index numbers, 1982=100]
Gross national product
Gross domestic product
BusinessNonfarm .
Nonfarm less housingHousing
FarmStatistical discrepancy
Households and institutionsPrivate householdsNonprofit institutions
GovernmentFederalState and local
Rest of the world
Addendum:
Gross domestic business product lessg
113.9
113.9
11271133112.1126.0901
1127
122.0103.61233
1220117.1124.5
115.5
111 6
117.7
117.7
11601167115.2131.9920
1160
131.0104.81329
127.8122.3130.5
119.5
1147
116.3
116.3
114 811551141129.6881
1148
127.1104.51288
125.9121.3128.3
118.1
117.3117.3
11571162114.8130.9966
1157
129.8104.71316
127.2122.3129.6
119.1
118.2
118.2
116 51171115.7132.5936
1165
132.1104.91340
1283122.3131.3
120.1
118.9
118.9
117111771162134.7898
117 1
134.9105.0137 1
129.7123.2133.0
120.8
119.4119.4
11741180116.3136.1944
1174
135.7105.01379
132.3126.5135.1
121.4
120.9120.9
11881191117.4137.110741188
138.1105.81404
133.7127.2136.9
123.0
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Table 7.7.—Implicit Price Deflators for the Relation of Gross NationalProduct, Net National Product, and National Income
[Index numbers, 1982=100]
Gross national product
Less: Capital consumption allowanceswith capital consumption adjustment
Equals: Net national product
Less: Indirect business tax and nontaxliability plus business transferpayments less subsidies plus currentsurplus of government enterprises..
Statistical discrepancy
Equals: National income.
1986
113.9
102.9
115.4
115.7
112.7
115.4
1987
117.7
104.2
119.5
117.8
116.0
119.7
Seasonally adjusted
1987
I
116.3
103.3
118.1
114.0
114.8
118.5
II
117.3
104.1
119.1
118.2
115.7
119.2
III
118.2
104.7
120.0
121.3
116.5
119.9
IV
118.9
104.6
120.8
117.6
117.1
121.1
1988
I
119.4
105.4
121.3
120.3
117.4
121.4
llr
120.9
105.3
123.0
122.5
118.8
123.0
Table 7.8.—Implicit Price Deflators for Command-Basis Gross NationalProduct
[Index numbers, 1982=100]
Gross national product
Less: Net exports of goods and servicesExportsImports
Equals: Gross domestic purchases
Plus: Command-basis net exports ofgoods and services
Comrnflnd-bflsis exportsImports
Equals: Command-basis gross nationalproduct
113.9
1000936
112.6
936936
113 1
1-17.7
1000990
116.9
990990
117 5
116.3
100197.5
115.4
975975
116.0
117.3
100199.4
116.6
994994
1172
118.2
99.998.9
117.4
989989
118.1
118.9
1001100 0
118.3
10001000
118.8
1-19.4
100.3100.8
119.0
100.8100.8
119.5
120.9
101.7101.2
120.4
101.2101.2
120.8
NOTE.—Percent changes from preceding period for selected items in this table are shown intable 8.1.
Table 7.9.—Fixed-Weighted Price Indexes for Personal ConsumptionExpenditures by Major Type of Product, 1982 Weights
[Index numbers, 1982=100]
Personal consumptionexpenditures
Durable goods
Motor vehicles and partsFurniture and household equipment.Other
Nondurable goods
FoodClothing and shoesGasoline and oilOther nondurable goods
Fuel oil and coalOther
Services
HousingHousehold operation
Electricity and gasOther
Transportation ,Medical careOther
1153
106 5
110.9100.9108.0
107.8
11221060754
116.276.2
1217
123.0
124411821139122711321284122 1
1204
1097
115.3102.1112.7
112.6
1172111078.4
121.476.6
1276
129.0
13001183111 81250120.313561302
118 2
108 5
113.5101.9110.6
110.3
115.3108.674.0
119.1736
1253
126.6
12781176111 41240118113271272
1199
109 2
114.7101.6112.0
112.4
117 01118111
120 8764
1268
1281
12911183112 112471193134 71292
121 1
110 2
115.9102.5113.2
113.4
11781107811
122 4785
1284
129.6
1306118811221255118.713681313
122 5
111 0
117.0102.4115.0
114.3
11861130806
123 5111
1298
131.5
13271186111 71257125113801331
123 2
111 4
117.0102.9116.2
114.6
1192113 1772
124977 1
1315
132.6
13421185111 6125 7122.514041346
124 8
111 9
116.8103.5117.8
116.7
121.0117279.0
126.678.9
1332
134.1
13521196112 21272123.014331358
Table 7.14.—Fixed-Weighted Price Indexes for Exports and Imports ofGoods and Services, 1982 Weights
[Index numbers, 1982=100]
Exports of goods and services
MerchandiseDurable goodsNondurable goods ....
ServicesFactor incomeOther
Imports of goods and services
MerchandiseDurable goodsNondurable goods
ServicesFactor incomeOther
103.9
966100.092.3
1142115.9111.193 g
8751025723
111.61154108.6
106.0
978101.792.7
1177120.3113,1
100.8
9471097795
118.41196117.5
104.7
966101. 090.5
1166118.7112.9
978
9131071752
116.51181115.3
105.5
975101.591.9
117 4119.8113.0
1003
9431093790
117.91191116.9
106.4
984102.093.4
1180120.8113.1
101.9
9601101817
119.11201118.3
107.0
992102.294.9
1186121.6113.1
103.0
97 11124815
120.21208119.7
108.7
1013103.598.3
1194122.2114.4
103.9
9791154801
121.41214121.4
110.2
1031104.4101.3
1207123.8115.1
105.2
994117481 1
122.31230121.7
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
18 SURVEY OF CURRENT BUSINESS August 1988
Table 7.15.—-Fixed-Weighted Price Indexes for Merchandise Exports andImports by Type of Product and by End-Use Category, 1982 Weights
[Index numbers, 1982=100]
Table 7.16.—Fixed-Weighted Price Indexes for Government Purchasesof Goods and Services by Type, 1982 Weights
[Index numbers, 1982=100]
Merchandise exports
Foods, feeds, and beveragesIndustrial supplies and materials ....
Durable goodsNondurable goods
Capital goods, except autosAutos.. ..Consumer goods
Durable goodsNondurable goods
OtherDurable goodsNondurable goods
Merchandise imports
Foods, feeds, and beveragesIndustrial supplies and materials,
excluding petroleumDurable goodsNondurable goods
Petroleum and productsCapital goods, except autosAutosConsumer goods
Durable goodsNondurable goods
OtherDurable goodsNondurable goods
1986
96.6
87.991.691.691.699.3
111.6103.699.4
106.999.499.499.4
87.5
104.9
84.484.584.345.7
100.4118.4106.3104.3109.1103.1103.1103.1
1987
97.8
82.195.495.595.4
100.5113.1107.4102.2111.5100.9100.9100.9
94.7
103.6
90.190.390.055.1
109.2125.1114.8111.8119.1110.1110.1110.1
Seasonally adjusted
1987
I
96.6
81.791.891.891.8
100.7111.9106.0101.6109.599.399.399.3
91.3
102.9
85.385.485.150.1
107.5123.1111.6109.4114.6106.9106.9106.9
II
97.5
81.494.494.494.4
100.6113.0106.7101.1111.1100.3100.3100.3
94.3
101.0
88.388.588.155.9
109.6125.0114.2111.2118.5109.4109.4109.4
III
98.4
82.096.896.896.8
100.6113.3107.6102.1111.9101.2101.2101.2
96.0
104.3
92.792.992.558.0
108.6125.2115.5112.1120.2110.9111.0110.9
IV
99.2
83.398.598.598.5
100.1114.1109.2104.0113.2102.7102.7102.7
97.1
106.2
94.394.594.155.5
111.8126.9118.1114.6123.0113.2113.1113.2
1988
I
101.3
88.2101.2101.2101.2101.2113.8111.0105.4115.5104.7104.7104.7
97.9
109.1
99.9100.199.848.4
113.8129.0121.2117.6126.4116.4116.4116.4
IP
103.1
94.1102.9102.9102.9101.9113.9111.6107.0115.3106.5106.5106.5
99.4
110.3
103.6103.7103.548.1
115.0130.4123.5120.2128.2118.7118.7118.7
Table 7.17.—Fixed-Weighted Price Indexes for National DefensePurchases of Goods and Services, 1982 Weights
[Index numbers, 1982=100]
National defense purchases
Durable goods
Military equipmentAircraftMissilesShipsVehicles.....Electronic equipment
Other durable goods
Nondurable goods
Petroleum productsAmmunitionOther nondurable goods
Services
Compensation of employees ..MilitaryCivilian
Other servicesContractual research and
developmentInstallation support 1Weapons support 2. ..Personnel support 3
Transportation of materielTravel of personsOther
Structures
Military facilitiesOther
1986
111.3
110.2
112.4116.1119.2118.483.9
107.0106.0100.3
69.0
54.094.4
106.8
116.2
117.1117.1117.1114.3
113.4119.9113.8129.790.4
102.4
117.2
120.2112.7
1987
114.0
109.0
110.9110.4119.1119.789.8
106.7107.9100.5
68.7
52.497.2
109.6
120.6
122.0121.6122.9117.8
115.6123.7114.6145.793.0
103.9
121.7
123.3119.5
Seasonally adjusted
1987
I
113.2
110.0
112.2112.1122.9119.791.3
107.1107.3100.1
64.5
45.6100.5108.3
119.5
121.1120.8121.7116.3
114.2121.9113.7140.593.3
104.7
119.6
122.1115.8
II
113.9
109.5
111.5111.4120.9119.690.4
106.3107.5100.7
69.052.797.8
109.2
120.2
121.9121.4123.0116.9
114.7122.8113.7144.491.4
103.4
120.9
122.7118.2
III
114.2
108.8
110.6109.4119.9119.689.1
106.7108.3100.7
70.1
54.297.1
110.1
120.7
122.0121.5123.1118.2
116.0125.0114.4144.992.5
103.7
122.5
123.5121.0
rv
114.8
107.6
109.2108.5112.6119.888.4
106.6108.6100.5
71.356.993.3
110.6
121.9
123.0122.5123.9119.8
117.3125.2116.4152.894.6
103.8
123.9
124.7122.8
1988
I
116.6
108.6
110.3110.3112.7120.488.1
106.9110.7100.9
70.154.495.0
112.0
124.3
126.2125.6127.4120.7
118.2125.9116.6155.595.6
103.8
125.5
126.4124.2
IIr
117.4
109.3
110.9111.5112.6120.489.3
106.9110.8101.8
72.4
57.495.0
113.3
125.1
127.0126.5127.9121.4
119.1127.1116.7156.495.0
104.6
126.2
127.6124.1
Government purchases of goodsand services..
Federal ..
National defenseDurable goodsNondurable goodsServices
Compensation of employeesMilitaryCivilian
Other servicesStructures
NondefenseDurable goods .Nondurable goods
Commodity Credit Corporationinventory change
Other nondurablesServices.. .
Compensation of employeesOther services
Structures
State and local
Durable goodsNondurable goodsServices
Compensation of employeesOther services
Structures
1986
115.6
110.8
111.3110.269.0
116.2117.1117.1117.1114.3117.2
109.499.6
94.7115.7117.3113.2109.4
119.1
108.490.4
124.1124.5121.9112.9
1987
119.6
113.5
114.0109.068.7
120.6122.0121.6122.9117.8121.7
112.199.6
96.9120.2123.0115.8111.3
124.1
110.695.0
129.9130.6126.6114.5
Seasonally adjusted
1987
I
118.0
112.5
113.2110.064.5
119.5121.1120.8121.7116.3119.6
110.699.6
96.6119.0121.9114.6110.3
122.0
109.992.6
127.6128.3124.6113.3
II
119.1
113.3
113.9109.569.0
120.2121.9121.4123.0116.9120.9
111.799.8
97.0120.0123.1115.2110.9
123.3
110.494.6
129.0129.7125.8113.9
III
120.1
113.7
114.2108.870.1
120.7122.0121.5123.1118.2122.5
112.599.3
97.6120.5123.2116.3111.9
124.9
110.896.5
130.6131.3127.6115.1
IV
121.2
114.4
114.8107.671.3
121.9123.0122.5123.9119.8123.9
113.699.5
96.2121.2123.9116.9112.2
126.1
111.196.2
132.2133.0128.3115.9
1988
I
122.9
116.3
116.6108.670.1
124.3126.2125.6127.4120.7125.5
115.7100.2
97.8123.5127.4117.4113.5
127.8
111.995.5
134.2135.2129.6117.4
IF
124.3
117.2
117.4109.372.4
125.1127.0126.5127.9121.4126.2
116.9101.3
98.9124.2127.9118.5114.9
129.5
112.897.6
135.9136.9131.2119.0
Table 7.18.—Current-Dollar Cost and Profit Per Unit of Constant-DollarGross Domestic Product of Nonfinancial Corporate Business
[Dollars]
Current-dollar cost and profit perunit of constant-dollar grossdomestic product 1
Capital consumption allowances withcapital consumption adjustment
Net domestic product
Indirect business tax and nontaxliability plus business transferpayments less subsidies
Domestic income . ..Compensation of employeesCorporate profits with inventory
valuation and capital consumptionadjustmentsProfits tax liabilityProfits after tax with inventory
valuation and capitalconsumption adjustments
Net interest
1986
1.089
.121
.968
.105
.863
.719
.106
.035
.071
.039
1987
1.107
.122
.985
.106
.880
.732
.105
.044
.061
.043
Seasonally adjusted
1987
I
1.101
.122
.979
.105
.874
.730
.103
.041
.061
.041
II
1.104
.122
.982
.106
.876
.730
.104
.043
.061
.043
III
1.109
.121
.988
.106
.882
.729
.109
.046
.063
.044
IV
1.113
.121
.992
.105
.887
.738
.103
.044
.059
.046
1988
I
1.114
.121
.993
.105
.887
.736
.106
.044
.062
.045
IF
1.123
.121
1.002
.106
.896
.743
.107
.046
.061
.046
1. Equals the deflator for gross domestic product of nonfinancial corporate business with thedecimal point shifted two places to the left.
1. Includes utilities, communications, rental payments, maintenance and repair, and paymentsto contractors to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.3. Includes compensation of foreign personnel, consulting, training, and education.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 19
Table 8.1.—Percent Change From Preceding Period in Selected Series[Percent]
Gross national product:Current dollars1982 dollarsImplicit price deflatorChain price indexFixed-weighted price index
Personal consumption expenditures:Current dollars1982 dollarsImplicit price deflatorChain price indexFixed-weighted price index...
Durable goods:Current dollars1982 dollarsImplicit price deflatorChain price indexFixed- weighted price index
Nondurable goods:Current dollars1982 dollarsImplicit price deflator ....Chain price indexFixed-weighted price index
Services:Current dollars1982 dollarsImplicit price deflatorChain price indexFixed- weighted price index
Gross private domestic investment:Current dollars1982 dollarsImplicit price deflator
Fixed weighted orice index
Fixed investment:Current dollars1982 dollarsp, P. ?r . ,Fixed-weighted price index
Nonresidential:
1982 dollarsImplicit price deflatorChain price indexFixed-weighted price index
Structures:Current dollars
Implicit price deflatorChain price indexFixed- weighted price index
Producers' durableequipment:Current dollars1982 dollarsImplicit price deflatorChain price indexFixed- weighted price index
Residential:Current dollars1982 dollarsImplicit price deflatorChain price indexFixed-weighted price index
Exports of goods and services:Current dollars1982 dollarsImplicit price deflatorChain price indexFixed- weighted price index
Imports of goods and services:Current dollars1982 dollarsImplicit price deflator....Chain price indexFixed-weighted price index . .
1986
5.62.82.72.52.8
6.84.32.42.72.7
9.28.4.8
1.11.3
3.63.8
2
-.1
8.33.34.84.95.0
3.51.0
2.902.92.32.4
-2.0-4.5
2.62.22.4
-9.6-13.5
4.51.41.1
2.01
2.02.63.2
14.711.82.62.52.4
2.03.110
1.2
7.69.417
.222
1987
6.83.43.33.43.6
7.32.74.54.54.5
3.81.52.22.73.0
5.81.34.54.54.5
9.34.15.05.04.8
7.14.9
3.62.01.62.82.9
3.02.8
.21.82.3
.7-2.9
3.73.43.2
4.05.21 01.11.8
4.8.1
4.64.74.5
13.113.101.72.0
14.17.95.87.07.6
Seasonally adjusted at annual rates
1987
I
8.44.63.54.04.2
6.5.6
5.65.55.6
-16.31781.93.74.1
10.22.17.67.47.5
11.36.34.94.84.7
18.920.9
636 5
.42.73.2
-10.0-8.3-2.0
2.23.0
-5.5-8.7
3.44.04.0
11980441.52.4
1.1263.63.73.7
10.97.53.32.83.3
12.619
14.812.113.7
II
8.75.03.53.74.2
10.04.35.65.75.7
17.914.53.02.22.6
7.507.98.18.0
9.64.54.85.04.9
7.88.8
11.610.6
.82.32.8
15.416.8
-1.2.2
1.8
5.2-.36.04.74.6
20.324.3321 8.1
4.7-1.6
6.56.66.2
23.623.6
02.53.2
20.511.58.09.3
11.0
III
7.74.53.13.63.7
9.14.64.44.34.2
21.416.54.23.63.9
4.6.9
3.63.43.5
8.93.74.85.04.8
2.54.8
14.215.1-.83.33.4
23.728.4
-3.5.3
1.7
28.225.61.84.95.0
21.729.4
-6.1-1.6
-2.41079.09.49.1
24.625.7-.82.43.1
21.323.4
-2.05.16.4
IV
8.66.12.43.43.8
2.4-2.1
4.44.44.6
-16.51731.12.62.8
2.36
2.93.43.4
8.12.26.05.55.7
40.338.6
2.71.71.11.42.0
1.71.7
-.4.5
1.7
13.813.4
.41.72.2
-3.5-2.4-.801.4
4.71.33.43.22.9
18.717.7
.82.12.6
14.89.94.54.04.3
1988
I
5.43.41.73.03.5
6.94.52.32.52.4
15.814.7
.71.61.6
1.51.0
.4
.7
.8
8.14.03.73.83.7
-.82.3
3.03.3-.42.53.3
6.57.6-.82.33.4
-19.0-22.4
4.44.04.1
20.421.6
-1.31.52.9
-3.86 52.72.83.0
26.825.7
.85.56.2
10.36.93.24.43.5
ir
8.33.35.14.44.7
8.02.75.05.25.2
9.88.41.51.71.6
7.908.07.97.6
7.63.04.64.54.4
2760
10.211.81 51.11.8
14.916.3
-1.21.52.2
16.012.13.61.11.1
14.617.9
-2.91.73.0
.91.1.3.2.5
17.611.65.75.16.0
-2.2361.65.25.4
Government purchases of goods andservices:
1982 dollars
ffi ' HFixed-weighted price index
Federal:
1982 dollars
Chain nrice indexFixed-weighted price index
National defense:
1982 dollars
Chain nrice indexFixed-weighted price index
Nondefense:
1982 dollars
Chain price indexFixed-weighted price index
State and local:
1982 dollars
Chain price indexFixed-weighted price index
Addenda:
Gross domestic purchases:1982 dollarsChain price indexFixed-weighted price index
Final sales:1982 dollarsChain price index ,Fixed-weighted price index
Final sales to domestic purchasers:1982 dollarsChain price indexFixed-weighted price index
Command-basis gross national product:1982 dollarsImplicit price deflator ,
Gross domestic product:1982 dollarsImplicit price deflator
Business:1982 dollarsImplicit price deflator
Nonfarm:1982 dollars
Disposable personal income:Current dollars1982 dollars
1986
6.14.02.02.02.1
3.12.3
.7
.5
.4
7.16.01.11.0.8
-7.6-7.7
-.9-.6
8.55.42.93.13.3
3.72.52.6
2.72.52.7
3.52.52.5
2.92.5
3.02.6
3.22.5
3.42.6
6.43.9
1987
6.12.63.43.13.5
4.31.72.61.62.4
6.45.41.01.32.4
-2.3-9.6
8.12.42.5
7.53.34.14.14.2
3.03.94.1
2.93.43.6
2.53.94.1
2.83.9
3.53.3
3.82.9
3.73.0
6.31.7
Seasonally adjusted at annual rates
1987
I
8.0-.88.75.04.9
6.7-7.415.36.06.0
13.96.37.16.05.5
-14.1-39.8
42.55.87.2
9.14.64.44.34.2
3.45.05.1
.24.04.2
85.05.1
3.45.0
4.53.5
5.03.2
4.03.2
10.74.6
II
5.4-.45.92.53.8
5.3237.7
13.0
10.912.718112.5
12541650.83.24.1
5.51.14.44.34.3
4.14.54.9
5.33.84.2
4.34.54.9
4.24.2
5.43.5
5.83.2
5.62.4
1.3-3.9
III
7.45.71.73.23.6
9.712.62.8
.41.4
7.07.30.5.9
19.735.4
-12.1.1
2.8
5.9.6
5.35.25.2
4.83.94.0
6.13.63.7
6.53.94.0
4.63.1
4.73.1
5.02.8
6.53.1
9.34.8
IV
6.65.01.42.93.5
5.46.71.11.62.6
.8191.12.12.1
29.743.8
-9.704.0
7.53.83.33.74.0
5.43.64.0
.43.53.8
-.13.64.0
5.72.4
5.82.4
6.42.1
5.62.1
11.86.9
1988
I
9-7.9
7.64.85.9
-13.3-21.0
9.64.36.7
-1.1-5.3
4.43.46.4
-45.3-60.1
37.07.17.6
8.63.55.25.25.4
1.62.93.2
3.63.03.5
1.72.93.3
3.12.4
4.21.7
4.41.0
5.41.0
7.45.0
II r
6.93.63.33.94.5
4.24.0.3
1.73.3
-.3-2.1
1.82.32.9
22.332.4
-7.7-.64.2
8.73.25.25.45.4
1.34.44.6
6.54.34.7
4.44.34.6
3.84.4
3.15.1
3.34.9
4.93.8
5.5.3
NOTE.—The fixed-weighted price index and the chain price index, both of which are weightedaverages of the detailed prices used in the deflation of GNP, are measures of price change. Incalculating changes in these indexes, the composition of GNP is held constant. Consequentlythese changes reflect only changes in prices. The fixed-weighted price index measures pricechange over any period, using as weights the composition of GNP in 1982. The chain price indexmeasures price change between two consecutive periods, using as weights the composition of
GNP in the first period. The implicit price deflator is a byproduct of the deflation of GNP. It isderived as the ratio of current- to constanlxlollar GNP (multiplied by 100). It it the average ofthe detailed prices used in the deflation of GNP, but the prices are weighted by the compositionof GNP in each period. Consequently, the implicit price deflator reflects not only changes inprices but also changes in the composition of GNP, and its use as a measure of price changeshould be avoided.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
20 SURVEY OF CURRENT BUSINESS
Reconciliation and Other Special Tables
August 1988
Table 1.—Revisions in Selected Component Series of the NIPA's, Second Quarter of 1988
GNP
National income
Compensation of employees . .Corporate profits with inventory valuation and capital
Other
Personal income ....
GNP
Less' ExportsPlus' Imports
Equals' Gross domestic purchases
Personal consumption expendituresNonresidential fixed investmentResidential investmentChange in business inventoriesGovernment purchases
GNP price index (fixed weights)GNP price index (chained weights)GNP implicit price deflator ,Gross domestic purchases price index (fixed weights)
Seasonally adjusted at annual rates
Advance Prelimi-nary Difference
Billionsjof current dollars
4,806.9
2,872.6
722.6
4,017.2
4,819.7
3,933.9
2,874.0
332.0728.0
4,021.9
12.8
1.4
5.4
4.7
Billions of constant (1982) dollars
3,986.3
495.6585.7
4,076.4
2,574.2489.2190.845.0
777.2
3,988.1
499.7589.7
4,078.2
2,577.2491.6190.036.0
783.3
1.8
4.14.0
1.8
3.02.4
-.8-9.0
6.1
Index numbers, 1982= 100 1
123.2
120.6122.8
123.2
120.9122.8
0
.30
Percent change frompreceding quarter at
annual rates
Advance
7.2
8.2
2.4
6.8
3.1
8.0-6.2
1.1
2.314.02.8
.4
4.74.44.14.7
Prelimi-nary
8.3
8.9
8.4
21.55.5
7.3
3.3
11.6-3.6
1.3
2.716.31.1
3.6
4.74.45.14.6
1. Not at annual rates.NOTE.—For the second quarter of 1988, the following revised or additional major source data were incorporated: For personal
consumption expenditures, revised retail sales for May and June; for nonresidential fixed investment, revised manufacturers'shipments of equipment for May and June, construction put in place for May (revised) and June, and partial information onactual plant and equipment expenditures for the quarter; for residential investment, construction put in place for May (revised)and June; for change in business inventories, manufacturing and trade inventories for May (revised) and June; for net exports ofgoods and services, merchandise exports and merchandise imports for May (revised) and June; for government purchases of goodsand services, Federal outlays for June, and State and local construction put in place for May (revised) and June; for wages andsalaries, revised employment, average hourly earnings, and average weekly hours for May and June; for corporate profits,domestic book profits for the quarter; and for GNP prices, merchandise export and import price indexes for June (these indexesare prepared only for the last month of each quarter), unit-value indexes for petroleum imports for June and for merchandiseexports and nonpetroleum merchandise imports for May, and residential housing prices for the quarter.
Table 2.—Reconciliation of Changes in Compensation Per Hour in the Business Economy OtherThan Farm an^ Housing and Average Hourly Earnings in the Private Nonfarm Economy,Seasonally Adjusted
1. Compensation per hour of all persons in the business economy other than farm and housing(percent change at annual rate) l
2. Less: Contribution of supplements
3. Plus: Contribution of housing and nonprofit institutions
4. Less: Contribution of employees of government enterprises, unpaid family workers, and theself-employed
5. Equals: Wages and salaries per hour of employees in the private nonfarm economy (percentchange at annual rate) ..
6. Less: Contribution of nonproduction workers in manufacturing
7. Less: Contribution of non-BLS data, detailed weighting, and seasc
8. Equals: Average hourly earnings, production and nonsupervisornonfarm economy (percent change at annual rate)
nal adjustment
y workers in the private
1987
III
4.4
-.1
.4
.3
4.6
-.1
2.0
2.8
IV
6.7
-.7
.1
-.4
7.9
-1.1
4.6
4.3
1988
I
2.9
.8
-.1
0
1.9
-.1
-.2
2.2
II
4.2
-.9
.2
0
5.3
-.2
.3
5.2
1. BLS estimates of changes in hourly compensation in the nonfarm business sector for the four quarters are 4.5, 6.4, 3.5, and4.1 percent.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 21
Table 3.—Cyclically Adjusted Federal Receipts, Expenditures, Surplus or Deficit ( — ) , and Debt[Billions of dollars; quarters at seasonally adjusted annual rates]
Based on middle-expansion trend GNP:
Receipts:Level
Percentage of trend GNPChange from preceding period
Due to automatic inflation effectsDue to discretionary policy and other factors
Expenditures:Level . ...
Percentage of trend GNPChange from preceding period . . . .
Due to automatic inflation effectsDue to discretionary policy and other factors
Surplus or deficit ( — ):Level
Percentage of trend GNP.Change from preceding period
Due to automatic inflation effectsDue to discretionary policy and other factors
Debt:At par value, end of period:
LevelPercentage of trend GNP
At market value, end of period:Level
Percentage of trend GNP
Based on 6-percent unemployment rate trend GNP:
Receipts:Level
Percentage of trend GNPExpenditures:
LevelPercentage of trend GNP
Surplus or deficit ( — ):Level
Percentage of trend GNP
Addenda:
Middle-expansion trend GNP:Current dollars1982 dollars .. . . . .
6-percent unemployment rate trend GNP:Current dollars1982 dollars . . .
1981
647.121.192.062.729.3
702.022.986.437.349.1
-55.0-1.8
5.525.6
-20.1
857.427.9
803.426.2
668.821.2
695.022.0
-26.2-.8
3,071.13,269.3
3,157.33,361.0
Based on middle-expansion trend GNP:
Receipts:Level
Percentage of trend GNP .Change from preceding period
Due to automatic inflation effectsDue to discretionary policy and other factors
Expenditures:Level
Percentage of trend GNPChange from preceding period
Due to automatic inflation effectsDue to discretionary policy and other factors
Surplus or deficit ( — ):Level
Percentage of trend GNP. ... .. . ..Change from preceding period
Due to automatic inflation effectsDue to discretionary policy and other factors
Debt:At par value, end of period:
Level ;Percentage of trend GNP
At market value, end of period:Level
Percentage of trend GNP
Based on 6-percent unemployment rate trend GNP:
Receipts:Level
Percentage of trend GNPExpenditures:
LevelPercentage of trend GNP
Surplus or deficit (-):Level
Percentage of trend GNP . ..
Addenda:
Middle-expansion trend GNP:Current dollars1982 dollars
6-percent unemployment rate trend GNP:Current dollars1982 dollars
1982
686.920.539.844.0
-4.2
771.223.069.231.937.3
-84.4-2.5
-29.412.0
-41.4
955.928.5
976.929.1
708.020.6
764.922.2
-56.9-1.7
3,354.13,353.0
3,441.83,440.6
1983
709.519.922.623.4-.8
827.523.256.316.839.6
-118.1-3.3
-33.76.6
-40.4
1,082.430.3
1,055.329.5
729.019.9
822.722.5
-93.7-2.6
3,571.73,439.0
3,656.13,520.4
1984
738.219.428.724.44.3
894.423.566.918.848.1
-156.3-4.1
-38.25.7
-44.0
1,264.833.3
1,255.933.0
756.819.5
890.722.9
-133.9-3.4
3,800.83,527.2
3,881.33,601.9
1985
790.919.752.718.234.6
984.124.589.721.268.5
-193.2-4.8
-36.9-3.0
-33.9
1,481.336.9
1,550.938.6
808.619.8
981.424.0
-172.8-4.2
4,014.13,617.7
4,089.13,685.3
1984
I
729.6; 19.6
18.37.2
11.1
863.823.223.612.411.2
-134.3-3.6-5.5-5.2-.3
1,128.230.3
748.619.7
859.822.6
-111.1-2.9
3,720.93,493.8
3,803.13,571.0
II
732.419.42.83.9
-1.1
884.723.520.9
2.718.2
-152.3-4.0
-18.01.3
-19.3
1,170.331.0
751.219.5
881.022.9
-129.8-3.4
3,772.73,516.0
3,853.73,591.5
III
737.519.35.15.7
-.6
899.623.514.92.1
12.8
-162.1-4.2-9.8
3.6-13.4
1,219.931.9
756.019.3
896.122.9
-140.1-3.6
3,828.43,538.3
3,908.33,612.1
IV
753.119.415.65.1
10.5
929.523.929.9
2.227.7
-176.4-4.5
-14.32.9
-17.2
1,264.832.6
771.319.5
926.023.4
-154.7-3.9
3,881.33,560.8
3,959.93,632.9
1986
825.319.534.418.116.2
1,031.724.447.618.029.6
-206.4-4.9
-13.2.2
-13.5
1,692.740.1
1,824.743.2
842.319.6
1,029.824.0
-187.6-4.4
4,223.23,706.0
4,297.13,770.8
1987
900.120.274.825.749.1
1,077.024.145.319.525.8
- 176.9-4.029.56.3
23.2
1,851.041.5
1,904.742.7
917.920.2
1,075.523.7
-157.6-3.5
4,462.33,791.8
4,540.33,858.1
1981
I
625.821.233.918.015.9
675.222.821.3
4.416.9
-49.4-1.712.513.7
-1.2
810.727.4
646.921.3
667.522.0
-20.6-.7
2,957.03,238.8
3,040.83,330.6
II
640.721.214.99.35.6
684.522.69.34.05.3
-43.8-1.4
5.65.3
.3
823.027.2
662.021.3
677.721.8
-15.8-.5
3,024.03,258.6
3,108.23,349.3
1985
I
801.320.448.23.0
45.2
957.124.327.613.913.7
-155.8-4.020.6
-10.931.5
1,311.833.4
820.320.5
953.823.8
-133.6-3.3
3,931.03,583.4
4,008.13,653.7
II
763.219.1
-38.15.7
-43.8
968.024.310.92.28.7
-204.8-5.1
-49.03.5
-52.5
1,366.834.3
780.319.2
965.523.8
-185.1-4.6
3,988.53,606.2
4,064.23,674.7
III
794.619.731.43.6
27.8
995.024.627.0
2.724.3
-200.4-5.0
4.41.03.4
1,412.435.0
812.119.7
992.324.1
-180.2-4.4
4,039.23,629.1
4,113.43,695.8
IV
804.519.69.95.74.2
1,016.224.821.23.7
17.5
-211.7-5.2
-11.32.0
-13.3
1,481.336.1
821.519.7
1,013.824.3
-192.3-4.6
4,097.83,652.2
4,170.63,717.1
III
658.721.218.01.6.21.8
714.423.029.918.911.0
-55.7-1.8
-11.9-2.7-9.2
835.526.8
681.221.3
707.222,1
-26.0-.8
3,112.23,279.4
3,200.33,372.3
IV
663.120.84.4
14.2-9,8
734.023.019.69.5
10.1
-70.9-2.2
-15.24.6
-19.8
857.426.9
684.920.9
727.422.2
-42.5-1.3
3,191.33,300.2
3,279.73,391.6
1982
I
676.620.713.510.43.1
739.522.75.53.42.1
-62.9-1.9
8.07.01.0
874.526.8
698.520.9
733.021.9
-34.5-1.0
3,261.43,321.2
3,349.73,411.1
II
686.220.7
9.67.91.7
745.322.45.83.72.1
-59.1-1.8
3.84.1-.3
885.826.7
707.820.8
738.721.7
-30.9-.9
3,322.23,342.3
3,410.13,430.7
1986
I
795.019.3
-9.5-.8
-8.7
1,003.224.3
-13.09.1
-22.1
-208.2-5.0
3.5-10.0
13.5
1,532.537.1
811.719.3
1,001.123.8
-189.4-4.5
4,129.83,674.2
4,202.03,738.4
II
813.019.418.07.2
10.8
1,047.325.044.1
2.741.4
-234.3-5.6
-26.14.6
-30.7
1,592.438.0
829.719.5
1,045.324.5
-215.6-5.1
4,190.53,695.3
4,263.73,759.9
III
833.619.620.610.89.8
1,037.124.3
-10.22.5
-12.7
-203.6-4.830.7
8.422.3
1,652.938.8
850.719.6
1,035.523.9
-184.8-4.3
4,262.83,716.5
4,337.43,781.5
IV
859.419.925.82.5
23.3
1,039.024.1
1.93.7
-1.8
-179.6-4.224.0
-1.225.2
1,692.739.3
876.920.0
1,037.423.7
-160.6-3.7
4,309.83,737.9
4,385.13,803.2
III
687.820.3
1.610.6
-9.0
778.323.033.013.419.6
-90.5-2.7
-31.4-2.8
-28.6
922.527.2
708.520.4
772.022.2
-63.5-1.8
3,390.43,363.5
3,478.03,450.4
IV
696.820.2
9.05.23.8
821.723.943.45.8
37.6
-124.9-3.6
-34.4-0.6
-33.8
955.927.8
717.120.3
815.823.1
-98.7-2.8
3,442.43,384.9
3,529.23,470.2
1983
I
700.020.03.24.0-.8
811.123.2
-10.62.0
-12.6
-111.1-3.213.82.0
11.8
990.328.4
719.920.1
805.722.5
-85.8-2.4
3,491.63,406.4
3,577.53,490.2
II
719.520.319.54.5
15.0
827.323.416.21.8
14.4
-107.8-3.0
3.32.7
.6
1,037.529.3
739.620.4
822.522.7
-82.8-2.3
3,541.13,428.0
3,626.03,510.2
1987
I
867.919.98.56.61.9
1,060.124.221.19.0
12.1
-192.3-4.4
-12.7-2.4
-10.3
1,737.539.7
884.719.9
1,058.623.8
-173.9-3.9
4,372.13,759.3
4,448.53,825.0
II
908.320.540.4
7.832.6
1,066.824.1
6.74.22.5
-158.5-3.633.83.6
30.2
1,781.740.2
926.220.5
1,065.323.6
-139.1-3.1
4,435.03,780.9
4,512.53,847.0
III
911.420.33.16.3
-3.2
1,072.423.95.63.9
; 1.7
-161.0-3.6
: -2.52.4
-4.9
1,814.440.4
929.520.3
1,070.923.4
-141.5-3.1
4,494.73,802.6
4,573.33,869.1
IV
912.820.1
1.44.2
-2.8
1,108.724.436.3
2.933.4
-195.9-4.3
-34.91.3
-36.2
1,851.040.7
931.220.1
1,107.223.9
-176.0-3.8
4,547.33,824.5
4,626.83,891.3
III
707.019.7
-12.55.6
-18.1
831.523.1
4.22.02.2
-124.5-3.5
-16.73.6
-20.3
1,068.429.7
726.219.7
827.022.5
-100.8-2.7
3,594.73,449.8
3,678.73,530.4
IV
711.319.44.38.3
-4.0
840.223.0
8.71.77.0
-128.8-3.5-4.3
6.6-10.9
1,082.429.6
730.319.5
835.722.3
-105.4-2.8
3,659.23,471.7
3,742.33,550.6
1988
I
916.420.03.62.21.4
1,109.424.2
.717.0
-16.3
-193.0-4.2
2.9-14.8
17.7
1,912.941.7
934.520.0
1,108.023.7
-173.6-3.7
4,592.63,846.4
4,672.83,913.6
II
944.520.228.113.914.2
1,118.123.9
8.74.64.1
-173.6-3.719.4
9.310.1
1,951.041.7
963.220.2
1,116.823.5
-153.6-3.2
4,677.03,868.5
4,758.73,936.1
NOTE.—These estimates incorporate the national income and product account revisions re-leased in July. In addition, the middle-expansion period, which is used to calculate trend GNPand unemployment rate, was extended. Previously it was from the third quarter of 1983 to thesecond quarter of 1986. The period was extended to the second quarter of 1988 to reflect the con-
tinuation of economic expansion without substantial inflation after the second quarter of 1986. Asa result of the extension, middle-expansion trend GNP was revised up by amounts that increasedfrom $2 billion in the third quarter of 1981 to $65 billion in the first quarter of 1988, and thetrend unemployment rate was revised down to 6.9 percent from 7.4 percent.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
22 SURVEY OF CURRENT BUSINESS August 1988
Composite Indexes of Leading, Coincident, and Lagging Indicators
Recent Data and Percent Changes
Index
Lending index
Coincident index
Lagging index
Leading index
Coincident index
Lagging index .... ... .
1987
Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July"
1987
III IV
Index (1967 = 100)
191.7
170.6
141.6
191.9
170.7
143.0
r 192.1
173.1
142.5
r 190.2
172.6
143.3
190.9
174.4
142.7
r 189.9
173.8
144.5
r!91.5
175.2
144.9
r 191.8
176.1
145.7
r 192.5T 176.0r 146.7
r!91.1r!76.6r 146.4
r 193.7r 177.9r 147.3
192.1
178.9
147.4
191.5
170.4
142.1
r!91.1
173.4
142.8
1988
I II
191.1
175.0
145.0
r 192.4r 176.8r 146.8
Percent change from preceding month (quarter)
.4
.5
-.1
.1
.1
1.0
.1
1.4
-.3
-1.0
-.3
.6
rA
1.0
-.4
r-.5
-.3
1.3
.8
.8
.3
r.2
.5
.6
r.4
-.1
r 7
r-.7
r.3r-.2
1.4
.7r.6
-.8
.6
.1
1.4
1.5
0
r-.2
1.8
.5
rQ
.9
1.5
r.7
n.or1.2
"•Revised.p Preliminary.NOTE.—Quarterly data are averages of monthly figures. Quarterly percent changes are computed from quarterly data.
Long -Term Perspective: January 1968 to July 1988
1967 =100 (Ratio scale) 1967 = 100 (Ratio scale)
200190180
170
160
150
140
180
170
160
150
140
130
150
140
130
120
110
100
1968
Note.—Peak (P) indicates the end of business cycle expansion and the beginning of recession(shaded area). Trough (T) indicates the end of business cycle recession and the beginning ofexpansion. Business cycle peaks and troughs are designated by the National Bureau of Economic
Research, Inc. The numbers entered on the chart indicate the length of leads (—) and lamonths from the business cycle turning dates.1. Beginning with data for January 1984, the net business formation component has been suspendedfrom this index.
U.S. Department of Commerce, Bureau of Economic Analysis
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
By THAE S. PARK and JANE S. REEB
Relationship Between Personal Income andAdjusted Gross Income, 1984-86
THE reconciliation of the Bureau ofEconomic Analysis (BEA) measure ofpersonal income with the InternalRevenue Service (IRS) measure of ad-justed gross income (AGI) by type ofincome is revised for 1984-85 and ex-tended to 1986 in this article.1 Thereconciliation incorporates personalincome estimates for 1985-86 pub-lished in the July 1988 nationalincome and product accounts revision,final estimates of AGI for 1984-85,and a preliminary estimate of AGI for1986.2
The reconciliation items (lines 3-9and 11-15) in tables 1-3 allow theconstruction from personal income(line 1) of a BEA-derived AGI (line 22)that conforms to the IRS definition ofAGI (line 23). The reallocations of per-
1. Estimates for earlier years are in "RelationshipBetween Personal. Income and Adjusted Gross Income:Revised Estimates, 1947-83," SURVEY OF CURRENTBUSINESS 66 (May 1986): 34-40, and "Relationship Be-tween Personal Income and Adjusted Gross Income,1983-85," SURVEY 67 (May 1987): 18-20. In the nation-al income and product accounts tables, the reconcilia-tion appears in table 8.14.
2. The estimates of taxable social security benefitsincluded in personal income for 1984-85 also havebeen revised to reflect a modification in the estimat-ing procedure.
sonal income and of the IRS measureof AGI necessary to show the reconcil-iation by type of income are shown inlines 17-21 and lines 25-27. The dif-ference between the BEA-derived AGIand the IRS measure of AGI, calledthe AGI gap, is shown in line 29. Thepercent distribution of the AGI gapby type of income and the AGI gap asa percentage of the BEA-derived AGIare shown in lines 30 and 31, respec-tively.
The AGI gap can be viewed as evi-dence of noncompliance with the taxcode because BEA-derived AGI isbased on estimates of personal incomethat are adjusted to include incomeunreported on individual income taxreturns, while the IRS measure ofAGI is based entirely on unauditedtax return data.3 The noncompliancereflected in the gap is limited to thatassociated with types of income in-cluded in personal income; the gapdoes not reflect noncompliance associ-ated with other types of income, such
as unreported capital gains and unre-ported illegal income.4 In addition toreflecting noncompliance, however,the AGI gap also includes incomeearned by low-income individuals whoare not required to file income tax re-turns, gross errors and omissions inthe estimates of reconciliation items,and the net effect of errors in person-al income and AGI of IRS.
The AGI gap as a percentage of theBEA-derived AGI—a rough indicatorof the rate of noncompliance—has re-mained at about 11 percent for thelast 10 years (table 4). The gaps bytype of income, however, have variedwidely over this period. For rentalincome of persons, the gap increasedsteadily; for personal interest incomeand for taxable unemployment com-pensation, the gaps declined steadily.For farm and nonfarm proprietors'income and for personal dividendincome, the gaps increased steadilyuntil 1984 and then declined, but re-mained above the pre-1977 levels.
3. See Robert P. Parker, "Improved Adjustments forMisreporting of Tax Return Information Used to Esti-mate the National Income and Product Accounts,1977," SURVEY 64 (June 1984): 17-19.
4. For a discussion of why the AGI gap is not ameasure of the size of the underground economy, seeCarol S. Carson, "The Underground Economy: An In-troduction," SURVEY 64 (July 1984): 109.
Tables 1 through 4 follow.
23
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
24 SURVEY OF CURRENT BUSINESS August 1988
Table 1.—Reconciliation of Personal Income and Adjusted Gross Income, by Type of Income, 1984[Billions of dollars]
Line
1
2,
3
456
7
8
9
10
1112131415
16
1718192021
22
23
24
252627
28
29
303132
Personal income
Less: Portion of personal income not included in adjusted grossincome.
Transfer payments except taxable military retirement andtaxable government pensions.
Other labor income except feesImputed income in personal incomeInvestment income retained by life insurance carriers and
private noninsured pensions funds.Investment income received by nonprofit institutions or
retained by fiduciaries.Differences in accounting treatment between NIPA's and tax
regulations, net.Other personal income exempt or excluded from adjusted
gross income.
Plus: Portion of adjusted gross income not included in personalincome.
Personal contributions for social insuranceNet gain from sale of assetsTaxable private pensions 8
Small business corporation incomeOther types of income
Plus: Intercomponent reallocation . . ....
Fees in other labor incomeFiduciaries' share of partnership income
Interest distributed by regulated investment companiesDisability income payments .....
Equals: BEA-derived adjusted gross income
Adjusted gross income of IRS (as reported)
Plus: Intercomponent reallocation .. ....
Estate or trust incomePartnership incomeOther reallocations
Adjusted gross income of IRS (reallocated)
Adjusted gross income (AGI) gap
Percent distribution of AGI gapAGI gap as a percentage of BEA-derived AGIAGI of IRS as a percentage of BEA-derived AGI
Personalincome
3,108.7
954.1
391.8
180.049.498.4
31.6
79.8
123.0
252.7
132.756.258.46.2-.8
0
00000
2,407.3
2,139.9
0
000
2,139.9
267.4
100.011.188.9
Wagesand
salaries
1,838.6
16.4
0
08.50
0
0
7.9
4.1
00004.1
2.9
2.90000
1,829.2
1,807.1
0
000
1,807.1
22.1
8.31.2
98.8
Proprietors'income 1
Farm
30.5
13.9
0
05.60
0
8.4
0
0
00000
J
0-.1000
16.4
-13.1
-1.4
.1-1.5
0
-14.5
30.8
11.5188.3(**)
^onfarm
204.0
43.3
0
02.30
.2
40.8
0
.9
0000
.9
12.7
0.7
13.400
174.4
70.8
-6.4
.6-7.0
0
64.3
110.0
41.163.136.9
Personaldividendincome
75.5
18.6
0
000
7.0
3.5
8.0
0
00000
16.8
000
16.80
73.8
48.6
0
000
48.6
25.1
9.434.165.9
Rentalincome
ofpersons 2
8.5
-10.2
0
018.50
1.5
6.8
0
1.8
00001.8
0
00000
20.5
-8.0
.7
.700
7.3
27.9
10.4135.7(**)
Personalinterestincome
444.7
209.7
0
051.598.4
22.2
20.3
17.3
0
00000
30.2
00
13.4-16.8
0
204.8
176.4
5.8
5.800
182.2
22.7
8.511.188.9
Taxablepensions
andannuities
4 47.0
0
0
000
0
0
0
58.4
00
58.400
0
00000
105.4
80.4
0
000
80.4
24.9
9.323.676.4
Taxableunem-
ploymentcompen-sation
7.4
0
0
000
0
0
0
0
00000
0
00000
7.4
6.1
0
000
6.1
1.3
.517.782.3
Taxablesocial
security>enefits 3
10.5
0
0
000
0
0
0
0
00000
0
00000
10.5
7.9
0
000
7.9
2.6
1.024.775.3
Otherpersonalincome
5 422.0
572.7
391.8
180.0007.8
0
0
132.7
132.70000
-2.1
-2.9.8
000
0
-1.39 1.3
7.18.40
0
0
Incomenot
includedin
personalincome
08 89.7
0
000
0
0
89.7
54.8
056.206.2
-7.6
0
00000
-35.0
-35.0
0
000
-35.0
0
See footnotes at the end of table 3.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 25
Table 2.—Reconciliation of Personal Income and Adjusted Gross Income, by Type of Income, 1985[Billions of dollars]
Line
1
2
3
456
7
8
9
10
1112131415
16
1718192021
22
23
24
252627
28
29
303132
Personal income
Less: Portion of personal income not included in adjusted grossincome.
Transfer payments except taxable military retirement, taxablegovernment pensions, and taxable social security benefits.
Other labor income except feesImputed income in personal incomeInvestment income retained by life insurance carriers and
private noninsured pensions funds.Investment income received by nonprofit institutions or
retained by fiduciaries.Differences in accounting treatment between NIPA's and tax
regulations, net.Other personal income exempt or excluded from adjusted
gross income.
Plus: Portion of adjusted gross income not included in personalincome.
Personal contributions for social insuranceNet gain from sale of assetsTaxable private pensions 8
Small business corporation incomeOther types of income
Plus: Intercomponent reallocation
Fees in other labor incomeFiduciaries' share of partnership incomeInterest received by nonfarm proprietorsInterest distributed by regulated investment companiesDisability income payments
Equals: BEA-derived adjusted gross income
Adjusted gross income of IRS (as reported) ...
Plus: Intercomponent reallocation
Estate or trust incomePartnership incomeOther reallocations
Adjusted gross income of IRS (reallocated)
Adjusted gross income (AGI) gap
Percent distribution of AGI gapAGI gap as a percentage of BEA-derived AGIAGI of IRS as a percentage of BEA-derived AGI
Personalincome
3,325.3
1,021.4
416.6
184.355.3
112.8
34.8
87.3
130.2
299.4
149.369.872.9
6.21.2
0
00000
2,603.4
2,306.0
0
000
2,306.0
297.4
100.011.488.6
Wagesand
salaries
1,975.4
17.5
0
08.90
0
0
8.6
6.2
00006.2
3.3
3.30000
1,967.4
1,928.2
0
000
1,928.2
39.2
13.22.0
98.0
Proprietors'income l
Farm
30.2
3.5
0
04.70
0
-1.2
0
0
00000
-.10-.1000
26.6
-12.0
-.9
.1-1.0
0
-12.9
39.6
13.3148.6
-48.6
Nonfarm
225.6
54.8
0
02.40
.2
52.3
0
1.3
00001.3
16.3
0-1.017.300
188.4
78.8
-6.9
.9-7.7
0
71.9
116.5
39.261.838.2
Personaldividendincome
78.7
20.4
0
000
7.1
5.2
8.2
0
00000
16.8
000
16.80
75.1
55.0
0
000
55.0
20.1
6.826.773.3
Rentalincome
ofpersons 2
9.2
-11.1
0
0-20.9
0
1.6
8.2
0
1.9
00001.9
0
00000
22.2
-10.9
1.2
1.200
-9.7
32.0
10.7143.7437
Personalinterestincome
478.0
239.1
0
060.2
112.8
24.8
22.9
18.4
0
00000
-34.1
00
-17.3-16.8
0
204.8
182.1
7.5
7.500
189.6
15.2
5.17.4
92.6
Taxablepensions
andannuities
4 52.6
0
0
000
0
0
0
72.9
00
72.900
0
00000
125.5
95.1
0
000
95.1
30.4
10.224.275.8
Taxableunem-
ploymentcompen-sation
7.7
0
0
000
0
0
0
0
00000
0
00000
7.7
6.4
0
000
6.4
1.3
.517.582.5
Taxablesocial
securitybenefits 3
12.8
0
0
000
0
0
0
0
00000
0
00000
12.8
9.6
0
000
9.6
3.2
1.125.274.8
Otherpersonalincome
6 455.0
602.1
416.8
184.300
7 1.1
0
0
149.3
149.30000
-2.2
-3.31.1000
0
1.09 -1.0
^9.78.80
0
0
Incomenot
includedin
personalincome
06 95.1
0
000
0
0
95.1
67.8
069.806.2
-8.2
0
00000
-27.2
-27.2
-1.0
000
-27.2
0
See footnotes at the end of table 3.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
26 SURVEY OF CURRENT BUSINESS August 1988
Table 3.—Reconciliation of Personal Income and Adjusted Gross Income, by Type of Income, 1986[Billions of dollars]
Line
1
2
3
456
7
8
9
10
1112131415
16
1718192021
22
23
24
252627
28
29
303132
Personal income
Less: Portion of personal income not included in adjusted grossincome.
Transfer payments except taxable military retirement, taxablegovernment pensions, and taxable social security benefits.
Other labor income except feesImputed income in personal incomeInvestment income retained by life insurance carriers and
private noninsured pensions funds.Investment income received by nonprofit institutions or
retained by fiduciaries.Differences in accounting treatment between NIPA's and tax
regulations, net.Other personal income exempt or excluded from adjusted
gross income.
Plus: Portion of adjusted gross income not included in personalincome.
Personal contributions for social insuranceNet gain from sale of assetsTaxable private pensions 8
Small business corporation incomeOther types of income
Plus: Intercomponent reallocation.
Fees in other labor incomeFiduciaries' share of partnership incomeInterest received by nonfarm proprietorsInterest distributed by regulated investment companiesDisability income payments
Equals: BEA-derived adjusted gross income
Adjusted gross income of IRS (as reported) ,
Plus: Intercomponent reallocation
Estate or trust income . ..Partnership income ..Other reallocations
Adjusted gross income of IRS (reallocated)
Adjusted gross income (AGI) gap
AGI gap as a percentage of BEA-derived AGIAGI of IRS as a percentage of BEA-derived AGI
Personalincome
3,531.1
1,103.2
437.5
192.570.0
121.3
33.1
105.2
143.6
403.0
161.1137.487.810.95.8
0
00000
2,830.8
2,522.5
0
000
2,522.5
308.3
100.010.989.1
Wagesand
salaries
2,094.0
18.7
0
09.40
0
0
9.3
6.7
00006.7
3.6
3.60000
2,085.6
2,046.1
0
000
2,046.1
39.5
12.81.9
98.1
Proprietors'income l
Farm
36.4
4.5
0
04.10
0
.5
0
0
00000
-.10-.1000
31.8
-6.9
-.6
.1-.60
7.5
39.3
12.7123.6(**)
Nonfarm
250.3
66.7
0
03.00
.2
63.5
0
1.3
00001.3
16.2
0-.716.900
201.2
90.4
4.3
.5-4.8
0
86.1
115.1
37.357.242.8
Personaldividendincome
82.8
26.4
0
000
7.4
6.2
12.8
0
00000
21.1
000
21.10
77.5
63.1
0
000
63.1
14.4
4.718.681.4
Rentalincome
ofpersons 2
12.4
-2.8
0
0-16.0
0
1.5
11.6
0
2.0
00002.0
0
00000
17.2
-11.1
.9
.900
-10.2
27.4
8.9159.1(**)
Personalinterestincome
499.1
259.8
0
069.5
121.3
23.2
23.5
22.3
0
00000
-37.9
00
16.9-21.1
0
201.3
168.2
5.4
5.400
173.7
27.7
9.013.786.3
Taxablepensions
andannuities
4 61.9
0
0
000
0
0
0
87.8
00
87.80Q
0
00000
149.7
108.5
0
000
108.5
41.2
13.427.572.5
Taxableunem-
ploymentcompen-sation
8.3
0
0
000
0
0
0
0
00000
0
00000
8.3
7.0
0
000
7.0
1.2
.414.885.2
Taxablesocial
securitybenefits 3
13.5
0
0
000
0
0
0
0
00000
0
00000
13.5
10.9
0
000
10.9
2.7
.919.680.4
Otherpersonalincome
6 472.5
630.8
437.5
192.5007.8
0
0
161.1
161.10000
2.8
-3.6.8
000
0
1.59-1.5
-6.95.40
0
0
Incomenot
includedin
personalincome
06 99.2
0
000
0
0
99.2
144.0
0137.4
010.9
-4.2
0
00000
44.8
44.8
0
000
44.8
0
* Less than $0.05 billion.** Division by a negative number.1. With inventory valuation and capital consumption adjustments.2. With capital consumption adjustment.3. Taxable social security benefits also include a small amount of taxable railroad retirement
benefits.4. Consists of taxable portion of government transfer payments to persons included in personal
income—nondisability military retirement pay and Federal civilian and State and local govern-ment employee retirement benefits in excess of employee contributions.
5. Consists of other labor income, nontaxable portion of government transfer payments to per-sons, business transfer payments, less personal contributions for social insurance.
6. Statutory adjustments.7. Consists of partnership income retained by fiduciaries.8. Taxable private pensions represent the portion of nongovernment pension benefits received
by individuals from annuity and pension plans in excess of the "investment in contract."9. Consists of partnership and estate or trust net incomes.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 27
Table 4.—Adjusted Gross Income Gap as a Percentage of BEA-derived AGI, Total and by Type ofIncome, 1947-86
Year
194719481949195019511952195319541955...1956... .
195719581959I960196119621963196419651966
19671968 .19691970197119721973197419751976
1977197819791980198119821983198419851986
Total
12.211.411.611.111.611.011.010.610.310.1
9.811.09.9
10.59.8
10.19.8
10.210.59.9
9.19.19.09.59.79.5
10.79.89.69.7
10.711.211.010.710.910.110.711.111.410.9
Wages andsalaries
3.54.24.93.94.13.53.43.63.44.0
3.23.93.13.42.83.22.73.13.33.4
2.62.92.42.42.31.82.41.21.71.6
2.12.31.51.41.31.01.51.22.01.9
Proprietors' income 1
Farm
73.970.169.464.467.165.363.059.753.551.9
47.351.555.560.453.155.261.957.955.551.5
50.355.058.365.269.963.462.971.168.168.5
90.070.582.2
108.2150.2157.7174.9188.3148.6123.6
Nonfarm
6.56.6
11.417.319.421.625.223.924.120.1
24.327.625.827.829.829.230.331.330.430.3
30.029.231.634.136.940.241.545.047.950.0
50.252.355.057.161.361.460.763.161.857.2
Personaldividendincome
8.13.43.78.99.1
12.715.3
g1.510
32.6
1.44.33.23.63.67.68.4
-2.0
1.64.12.75.07.8
10.012.98.83.7
11.4
15.518.521.624.832.923.730.734.126.718.6
Rentalincome ofpersons 2
55.852.444.946.548.348.647.851.554.753.6
56.650.751.249.646.544.547.752.655.950.6
55.649.554.657.556.752.647.041.441.334.8
45.845.553.167.382.896.5
112.0135.7143.7159.1
Personalinterestincome
44.543.441.544.046.446.650.060.062.562.5
62.662.960.358.352.851.545.346.947.744.5
42.441.539.540.337.735.535.332.728.226.5
31.432.332.924.818.913.814.411.17.4
13.7
Taxablepensions
andannuities
40.935.520.532.635.036.539.536.742.247.0
43.743.146.747.747.542.740.641.541.838.4
39.236.537.238.738.637.934.831.328.625.7
23.925.325.525.825.725.424.723.624.227.5
Taxableunemploy-
mentcompensa-
tion
0000000000
0000000000
0000000000
00
28.925.625.921.524.817.717.514.8
Taxablesocial
securitybenefits
0000000000
0000000000
0000000000
0000000
24.725.219.6
1. With inventory valuation and capital consumption adjustments.2. With capital consumption adjustment.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
By REGIONAL ECONOMIC MEASUREMENT DIVISION
State Personal Income, 1985-87: Revised Estimates
Revision Schedule for Regional EstimatesThe annual estimates of State personal income for a given year are sub-
ject to successive refinement. Preliminary estimates, based on the currentquarterly series, are published each April in the SURVEY OF CURRENTBUSINESS, 4 months after the close of the reference year. The followingAugust, more reliable annual estimates are published. These estimates aredeveloped independently of the quarterly series and are prepared in great-er component detail, primarily from Federal and State government ad-ministrative records. The annual estimates published in August are subse-quently refined to incorporate newly available information used to pre-pare the current local area estimates. These revised State estimates are
published the following April, together with the current local area esti-mates. The annual estimates emerging from the three-step process de-scribed above are subject to still further revision for several succeedingyears (the State estimates in April and August and the local area esti-mates in April) as additional data become available. The routine revi-sions of the State estimates for a given year are normally completed withthe fourth April publication. After that, the estimates will be changedonly to incorporate a comprehensive revision of the national income andproduct accounts—which takes place approximately every 5 years—or tomake important improvements to the estimates through the use of addi-tional or more current State and local area data.
J. HIS article presents revised annualestimates of State personal income for1985-87. Tables 1 and 2 present theestimates of total and per capita per-sonal income and of total and percapita disposable personal income, re-spectively (including unrevised esti-mates for 1982-84). Table 3 presentsdetailed estimates of the sources ofpersonal income by type of paymentand by industry for 1985-87.
Revised annual estimates for 1929-68 are now available. These estimatesreflect the comprehensive revision ofthe national estimates introduced inthe December 1985 SURVEY OF CUR-RENT BUSINESS and are consistentwith the revised State estimates for1969 and later years published in theAugust 1987 and April 1988 issues ofthe SURVEY. The estimates for 1985-87 presented here supercede thosepublished previously. The entire timeseries of State personal income, 1929-87, is available in summary and de-tailed tabulations as explained in thebox on page 29.
Definition of total and per capitapersonal income
The personal income of a State isdefined as the income received by, oron behalf of, all the residents of theState. It consists of the income re-ceived by persons from all sources,that is, from participation in produc-
tion, from both government and busi-ness transfer payments, and from gov-ernment interest. Personal income ismeasured as the sum of wage andsalary disbursements, other laborincome, proprietors' income, rentalincome of persons, personal dividendincome, personal interest income, andtransfer payments, less personal con-tributions for social insurance. Stateper capita personal income is meas-ured as the personal income of theresidents of a State divided by theJuly 1 resident population of theState.
In the national and regional eco-nomic accounts, persons are definedas individuals, nonprofit institutionsserving individuals, private nonin-sured welfare funds, and private trustfunds.
Disposable personal income, whichis measured as personal income lesspersonal tax and nontax payments, isthe income available to persons forspending or saving. Personal tax andnontax payments are tax paymentsby persons that are not chargeable tobusiness expense and certain otherpersonal payments to government
Local Area Personal Income, 1981-86
This five-volume set presents local area estimates of total and per capita personal incomeand of personal income by type of payment and labor and proprietors' earnings by industry.Volume 1 contains estimates for the United States, regions, States, and metropolitan areas,including consolidated metropolitan statistical areas (CMSA's). Earnings are presented atthe Standard Industrial Classification (SIC) two-digit level. Each of volumes 2-5 contains es-timates for the United States; the specified region(s); and the States, counties, and metropol-itan areas (excluding CMSA's) of the region(s). Earnings are presented at the SIC industrydivision level. Volumes can be ordered from the Superintendent of Documents, U.S. Govern-ment Printing Office, Washington, DC 20402; see the inside back cover for more order infor-mation.
Volume Area/Title Stock Number Price
1 Summary2 New England, Mideast, and Great
Lakes Regions3 Plains Region4 Southeast Region5 Southwest, Rocky Mountain, and
Far West Regions and Alaskaand Hawaii
003-010-00182-8003-010-00183-6
003-010-00184-4003-010-00185-2003-010-00186-1
$13.00$14.00
$11.00$16.00$14.00
28
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 29
agencies (except government enter-prises) that are treated like taxes.Personal taxes include taxes onincome, including capital gains; ontransfers of estates and gifts; and onpersonal property. Nontaxes includetuitions and fees paid to schools andhospitals operated by government;fees, fines, and forfeitures; and dona-tions. Personal contributions for
social insurance are not included.State per capita disposable personalincome is measured as the disposablepersonal income of the residents of aState divided by the July 1 residentpopulation of the State.
The definitions underlying theState estimates of personal incomeare essentially the same as those un-derlying the personal income esti-
mates in the national income andproduct accounts. The major differ-ence is that the national estimates in-clude the labor earnings of residentsof the United States temporarilyworking abroad (mainly Federal civil-ian and military personnel), whereasthe State estimates include only theincome of persons residing in the 50States and the District of Columbia.
Acknowledgments
The revised estimates of State personal income were preparedby the Regional Economic Measurement Division under the direc-tion of Linnea Hazen, Chief. The estimates were the result of adivisionwide effort.
Estimates of labor income (wages and salaries and other laborincome) were prepared by the Regional Wage Branch, under thesupervision of Carol E. Evans, Chief. Major responsibilities wereassigned to Sharon C. Carnevale, C. Brian Grove, Michael G. Pilot,and James M. Scott. Contributing staff members include E.Frances Bake, Elizabeth P. Cologer, Susan P. Den Herder, MicheleGallucci, Eddie L. Key, Russell C. Lusher, Richard A. Lutyk, Eliza-beth A. Mack, Lisa C. Ninomiya, Adrienne T. Pilot, William E.Reid, Jr., John A. Rusinko, Victor A. Sahadachny, and Jaime Zen-zano.
Estimates of dividends, interest, rent, transfer payments, person-al contributions for social insurance, tax and nontax payments,and the residence adjustments were prepared by the QuarterlyIncome Branch, under the supervision of Robert L. Brown, Chief.Contributing staff members include David A, Burns, Thelma E.
Harding, John M. Reed, Albert Silverman, James P. Stehle, Isa-belle B. Whiston, Ellen M. Wright, Daniel Zabronsky, and Mar-ianne A. Ziver.
Estimates of proprietors' income were prepared by the Propri-etors' Income Branch, under the supervision of Bruce Levine,Chief. Major responsibilities were assigned to Charles A. Jolleyand James M. Zavrel. Contributing staff members include ElaineM. Briccetti, Daniel R. Corrin, Kirk Fox, Richard H. Grayson, andToui C. Pomsouvan.
The assembly of public-use tabulations and data files and thepreparation of the text and tables for this article were performedby the Regional Economic Information System (REIS) Branch.Major responsibilities were assigned to Kathy A. Albetski, WallaceK. Bailey, Kenneth P. Berkman, and Gary V. Kennedy. Secretari-al support was provided by Hilda G. Tolson. Contributing staffmembers include Eairla A. Hawkins, Louise T. Johnson, Susan J.Lease-Trevathan, Lela S. Lester, Jeffrey L. Newman, Michael J.Paris, Darlene C. Robinson, Elizabeth R. Self, and Mary C. Wil-liams.
Data Availability
The State personal income estimates presented here, as well asmore detailed tabulations and estimates for earlier years, areavailable on magnetic tape, computer printouts, microfiche, andmicrocomputer diskettes. Tables of total and per capita personalincome are available for 1929-87, and tables of total and per capitadisposable personal income are available for 1948-87. Detailed per-sonal income tables, similar to table 3 in this article, are availablefor 1929-87. The tables for 1958-87 present labor and proprietors'earnings at the two-digit Standard Industrial Classification (SIC)level (e.g., food stores); those for 1929-57 present earnings at theSIC industry division level (e.g., total retail trade). Supplementaltables for 1969-87 are available for wages and salaries by two-digitSIC industry, employment (either including or excluding self-em-ployment) by two-digit SIC industry, transfer payments by major
program, farm income and expenses (including broad categories ofgross receipts and expenses of all farms as well as farm propri-etors' income), and personal tax and nontax payments by level ofgovernment and by type. A magnetic tape containing a completeset (United States, regions, and States) of tables for a series costs$200. The tables in forms other than magnetic tape are priced bypage, microfiche, or diskette; the cost of an order will depend onthe number of table series, areas, and years of data ordered. Thereis a minimum charge of $5.00 per order.
For further information or to place an order, call (202) 523-0966or write to Regional Economic Information System, BE-55, Bureauof Economic Analysis, U.S. Department of Commerce, Washington,DC 20230.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
30 SURVEY OF CURRENT BUSINESS August 1988
Table 1.—Total and Per Capita Personal Income by States and Regions, 1982-87
United States 1
New EnglandConnecticutMaineMassachusettsNew HampshireRhode IslandVermont
MideastDelawareDistrict of ColumbiaMarylandNew JerseyNew YorkPennsylvania
Great LakesIllinois . .IndianaMichigan . .Ohio .Wisconsin
PlainsIowaKansasMinnesotaMissouriNebraskaNorth DakotaSouth Dakota
SoutheastAlabamaArkansasFloridaGeorgiaKentuckyLouisianaMississippiNorth CarolinaSouth CarolinaTennesseeVirginiaWest Virginia
SouthwestArizonaNew MexicoOklahomaTexas
Rocky MountainColoradoIdahoMontana . . . .UtahWyoming
Far WestCaliforniaNevadaOregonWashington
AlaskaHawaii
New EnglandMiddle AtlanticEast North CentralWest North CentralSouth AtlanticEast South CentralWest South CentralMountainPacific
Total
Millions of dollars
1982
2,663,432
156,30545,23710,90273,26610,99010,6435,267
533,7977,1989,210
54,411103,773223,261135,945
469,844141,84156,447
101,228117,76652,562
192,72231,56928,45947,73453,72317,5767,0706,590
537,11034,85119,855
118,53055,78734,28144,86320,55155,86728,04842,96963,83717,671
259,15529,75613,01236,713
179,673
76,35638,8229,0798,118
14,0916,246
418,672328,033
10,95628,26351,420
7,73911,732
1983
2,834,385
169,14548,63011,78179,42512,26011,4585,591
570,6317,7149,599
58,647112,510239,979142,183
493,266147,78659,036
107,437123,97255,035
200,48531,79029,47150,02757,09117,9877,3616,760
577,33137,09321,158
130,64161,21135,34046,45621,43160,72230,32945,74569,31017,895
272,35932,75013,79636,925
188,888
80,93441,5429,7788,504
14,9986,112
448,600352,438
11,60030,01054,552
8,75812,875
1984
3,101,163
187,44753,89312,91588,26013,75212,5056,122
621,8518,391
10,39264,544
123,602263,537151,386
539,149161,42665,015
118,047134,76159,900
220,09334,76331,78955,82462,52519,7787,9307,483
634,23540,34923,309
143,92668,92038,73248,79823,15967,85133,47650,36076,45218,902
296,10936,80014,97938,824
205,505
86,93244,94710,3578,922
16,4266,280
492,579389,18312,67832,30258,416
9,14013,628
1985
3,317,239
201,90457,84713,83494,94415,34913,3056,626
665,1519,082
11,06570,175
133,403280,397161,029
570,503169,92168,378
127,264142,03362,906
232,87336,20833,85559,28966,72920,8298,1637,801
681,05843,03824,825
158,31575,37640,16850,63824,14373,02935,78353,68182,51119,553
318,10640,95416,24840,209
220,694
91,45047,46110,8639,095
17,4966,536
531,841422,14213,79133,95561,953
9,77714,576
1986
3,521,393
218,62962,41815,056
102,88416,84514,2197,207
709,6459,814
11,80375,550
143,297299,324169,857
602,131179,07672,217
135,320148,92966,590
245,93137,99935,66763,17370,61821,6838,4418,351
726,82545,73626,135
170,99482,06941,98550,53925,36178,65438,16257,52389,37220,296
327,49644,85716,94440,493
225,203
94,84749,36411,1929,583
18,2536,455
570,474453,404
14,94935,77866,343
9,78015,634
1987
3,768,125
238,63968,29116,558
112,08518,52915,3377,840
764,30310,75112,72282,190
156,145320,930181,565
637,451190,43076,961
141,618157,58070,862
260,85040,34837,45067,62474,94522,8458,7388,900
783,15548,75327,481
187,36588,97744,94551,17427,01385,38241,11062,53397,51520,907
340,13148,46617,81241,069
232,783
98,53451,36911,8479,992
19,0956,231
618,513492,989
16,48438,24570,795
9,57616,972
Avg. annu(perc
1982-87
7.19
8.838.598.728.88
11.017.588.28
7.448.366.678.608.527.535.96
6.296.076.406.956.006.16
6.245.035.647.226.895.384.336.19
7.836.946.729.599.795.572.675.628.857.957.798.843.42
5.5910.256.482.275.32
5.235.765.474.246.27
-.05
8.128.498.516.246.60
4.357.67
al growth
1986-87
7.01
9.159.419.988.949.997.868.79
7.709.557.788.798.977.226.89
5.876.346.574.655.816.42
6.076.185.007.056.135.363.526.58
7.756.605.159.578.427.051.266.518.557.728.719.113.02
3.868.055.131.423.37
3.894.065.854.274.61
-3.46
8.428.73
10.276.896.71
-2.098.56
Per capita
Dollars
1982
11,480
12,56914,4609,568
12,75111,59111,16810,122
12,59312,00014,69612,73613,96612,70311,440
11,29212,35510,29311,10110,92711,073
11,10810,85711,81111,54910,86811,05510,5209,489
9,8768,8378,604
11,3159,8679,277
10,2348,0069,2818,7109,208
11,6319,007
11,33910,3169,506
11,39011,684
11,02812,6399,284
10,0849,041
12,235
12,83813,23512,49910,58112,018
17,36011,760
1983
12,098
13,53915,47410,27013,78012,78711,99910,639
13,40712,71915,37113,64215,06513,58111,953
11,88312,85810,78311,86611,54211,590
11,51010,94512,13712,06911,50011,26610,8049,673
10,4849,3619,098
12,14310,6739,513
10,4608,2979,9879,3239,753
12,4699,115
11,59211,0729,840
11,13311,941
11,45713,1969,894
10,4249,400
11,837
13,52413,92612,96211,27112,675
18,13412,641
1984
13,114
14,90417,07311,16015,23014,06013,02511,551
14,55613,66216,66014,84716,44214,86712,730
12,96614,00711,83913,03012,54512,576
12,57011,97213,02213,40912,49412,32311,54910,613
11,36710,1119,935
13,02111,79410,40310,9378,912
10,99910,15710,65213,5679,685
12,40112,07710,49911,69212,777
12,16214,09410,36310,83610,12012,246
14,60615,09613,84612,05513,431
18,09013,157
1985
13,895
15,94418,21711,87616,30515,37313,76312,383
15,52914,59017,75615,98017,62615,78613,573
13,70014,72812,43314,00813,21913,174
13,26912,57013,82614,14913,25612,98211,92111,017
12,04410,70510,52313,92112,61810,77511,2919,239
11,66510,73411,26314,47210,099
13,08112,95511,20312,12413,466
12,67314,67810,82311,02110,64212,827
15,46316,01614,67112,62814,060
18,72613,867
1986
14,606
17,15819,54712,84617,63516,39614,58913,320
16,49115,49818,87616,93418,79316,82114,281
14,43215,50313,12414,80713,85713,923
13,99813,33514,50314,99513,94613,57212,44011,803
12,68711,29311,02514,62213,45411,26811,2339,663
12,42311,28611,98415,42310,587
13,23113,67911,45912,24913,494
13,07015,11411,17211,72610,96812,723
16,23716,79215,45313,23914,866
18,37814,683
15,481
18,57921,26613,95419,14217,52915,55514,302
17,67816,69620,45718,12420,35218,00415,212
15,21216,44213,91415,39314,61214,742
14,79214,23615,12615,92714,68714,32813,00412,550
13,49711,94011,50715,58414,30012,05911,47310,29213,31412,00412,88016,51711,020
13,63414,31511,87512,55113,866
13,54615,58411,86812,34711,36612,709
17,21317,82116,36614,04115,599
18,23015,679
Percent ofnationalaverage
1982
100
10912683
1111019788
110105128111122111100
9810890979596
9795
10310195969283
8677759986818970817680
10178
99908399
102
96110818879
107
11211510992
105
151102
1987
100
12013790
12411310092
11410813211713111698
9810690999495
969298
10395938481
877774
10192787466867883
10771
8892778190
8810177807382
11111510691
101
118101
Rankin
U.S.
1987
13138
1827
9
526
20
1132192422
29211323253539
434617284147503442361049
26443833
1645404837
7123015
414
Census Regions
156,305462,978469,844192,722410,558132,653281,104130,080427,187
169,145494,671493,266200,485446,067139,609293,427139,079458,634
187,447538,525539,149220,093492,854152,601316,437151,389502,669
201,904574,829570,503232,873534,889161,029336,365162,444542,402
218,629612,478602,131245,931576,714170,605342,370171,596580,939
238,639658,640637,451260,850626,919183,244352,507181,297628,577
8.837.306.296.248.846.684.636.878.03
9.157.545.876.078.717.412.965.658.20
12,56912,55111,29211,10810,7148,919
11,11410,79212,875
13,53913,35711,88311,51011,4739,338
11,32811,29013,578
14,90414,50112,96612,57012,46710,14612,07212,07514,634
15,94415,45513,70013,26913,30110,64512,66912,72315,485
17,15816,41414,43213,99814,08711,22412,74413,21816,244
18,57917,59515,21214,79215,04011,98513,10013,76917,206
109109989793789794
112
120114989697778589
111
1. The personal income level shown for the United States differs from that in the national income and product accounts, primarily because it omits the earnings of Federal civilian and militarypersonnel stationed abroad and of U.S. residents who are employed abroad temporarily by private U.S firms.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 31
Table 2.—Total and Per Capita Disposable Personal Income by States and Regions, 1982-87
United States
New EnglandConnecticutMaineMassachusettsNew HampshireRhode IslandVermont
MideastDelawareDistrict of ColumbiaMarylandNew JerseyNew YorkPennsylvania
Great LakesIllinois....IndianaMichiganOhioWisconsin
PlainsIowa ....KansasMinnesota . .Missouri. ....Nebraska . ..North Dakota . ..South Dakota
SoutheastAlabamaArkansasFloridaGeorgiaKentucky....LouisianaMississippiNorth CarolinaSouth CarolinaTennesseeVirginiaWest Virginia
SouthwestArizonaNew MexicoOklahomaTexas
Rocky MountainColoradoIdahoMontanaUtahWyoming
Far WestCaliforniaNevadaOregonWashington
AlaskaHawaii
New EnglandMiddle AtlanticEast North CentralWest North CentralSouth Atlantic .....East South CentralWest South CentralMountainPacific
Total
Millions of dollars
1982
2,255,123
132,07137,7719,366
61,5909,6339,1454,566
444,9585,8367,424
44,71688,004
182,964116,014
399,749121,12747,94586,010
100,33944,328
161,92626,58723,72039,66745,26614,7266,1405,820
458,08729,76717,018
100,35047,18129,52138,31617,68347,97524,01637,37353,74315,144
218,57725,51111,13230,143
151,792
64,51732,4487,8407,048
12,0225,158
358,599280,812
9,34423,80644,637
6,42510,213
1983
2,424,880
143,80741,37510,17566,63210,72210,0614,842
481,8736,3757,838
49,00196,464
199,888122,309
422,335127,32750,37291,452
105,98847,196
170,58827,02124,89641,71849,02515,4576,4196,052
496,48431,73818,412
112,90251,52130,69040,26418,48852,33326,04339,82458,85715,414
234,15528,36412,06631,406
162,319
69,55435,5758,6527,238
13,0585,030
387,653303,92710,13525,63447,957
7,33111,100
1984
2,662,051
160,27446,00211,29474,44912,22111,0085,300
526,0336,9208,574
54,276105,953219,711130,600
463,757139,04256,201
100,991116,19451,329
189,24830,08327,13947,07953,83217,2917,1036,721
546,95034,84420,127
124,27958,01033,68442,61020,01258,69328,99544,23565,14616,316
255,25632,17912,78332,967
177,326
75,10138,7629,1547,705
14,2185,263
425,758335,105
10,80427,92651,923
7,78811,886
1985
2,831,775
171,06648,57912,09579,63713,45111,6485,657
559,1767,4799,095
58,945113,678231,170138,808
489,108146,30158,696
107,947121,85854,306
199,99531,29828,62349,84457,66218,2337,2437,092
582,79636,60421,622
135,46162,99434,61044,06120,90861,93430,73246,74670,03317,092
272,93635,60014,06332,669
190,604
78,54040,5209,5437,987
15,0355,456
457,081361,501
11,66529,02054,895
8,48512,593
1986
3,011,136
185,43352,53413,16386,29614,79112,4786,170
597,1928,0859,730
63,477122,538246,682146,680
517,261154,50862,032
115,250127,96257,508
212,26032,89130,32253,67361,25918,9797,5307,606
623,31538,85322,856
146,67868,78736,25744,06421,97766,88532,74650,31376,14217,757
281,37839,12414,66132,891
194,702
81,51542,1089,8468,419
15,7575,385
490,757388,371
12,75030,79558,842
8,52013,505
1987
3,199,087
201,32857,11014,34893,63616,24013,3326,662
637,8138,740
10,39068,604
132,575261,319156,184
544,317163,13465,578
120,195134,29161,119
223,53834,61231,58457,04664,59919,8987,7308,069
667,65741,10823,878
160,07674,15138,59144,30523,27472,07435,06254,42082,52818,188
289,80542,07915,17033,014
199,542
83,95743,37410,3868,730
16,3415,126
527,842418,76313,99732,57662,506
8,26014,571
Avg. annual growth(percent)
1982-87
7.24
8.808.628.908.74
11.017.837.85
7.478.416.968.948.547.396.13
6.376.146.466.926.006.64
6.665.425.897.547.376.204.716.75
7.836.677.019.799.465.512.955.658.487.867.818.963.73
5.8010.536.391.845.62
5.415.985.784.376.33
13
8.048.328.426.476.97
5.157.37
1986-87
6.24
8.578.719.008.519.796.847.97
6.808.106.798.088.195.936.48
5.235.585.724.294.956.28
5.315.244.166.295.454.842.656.08
7.115.814.479.137.806.44
.555.907.767.078.168.392.43
2.997.553.48.37
2.49
3.003.005.483.703.714 82
7.567.839.785.786.23
-3.067.90
Per capita
Dollars
1982
9,721
10,62112,0738,220
10,71910,1609,5968,777
10,4979,729
11,84610,46711,84410,4109,763
9,60810,5518,7439,4339,3109,338
9,3339,1449,8449,5979,1579,2629,1378,379
8,4237,5487,3759,5808,3457,9898,7416,8897,9707,4588,0099,7927,719
9,5648,8448,1339,3519,871
9,31810,5648,0178,7557,714
10,105
10,99611,33010,6598,912
10,433
14,41310,238
1983
10,350
11,51113,1668,870
11,56011,18310,5369,213
11,32110,51112,55111,39912,91611,31210,282
10,17411,0789,201
10,1019,8689,939
9,7939,303
10,25310,0659,8759,6829,4228,659
9,0168,0097,917
10,4948,9838,2619,0667,1578,6078,0058,491
10,5897,851
9,9669,5898,6069,469
10,261
9,84611,3008,7558,8738,1849,742
11,68712,00911,3259,628
11,143
15,17910,898
1984
11,257
12,74314,5739,759
12,84712,49511,46610,000
12,31311,26713,74512,48514,09412,39410,982
11,15312,06410,23411,14710,81710,776
10,80910,36011,11711,30910,75710,77410,3459,531
9,8038,7318,578
11,2449,9279,0479,5507,7019,5148,7979,356
11,5618,360
10,69010,5608,9609,928
11,025
10,50712,1559,1599,3588,760
10,263
12,62512,99811,79910,42211,938
15,41411,475
1985
11,862
13,50915,29910,38313,67713,47212,04810,572
13,05512,01514,59513,42315,02013,01511,700
11,74612,68010,67311,88211,34111,373
11,39510,86611,68911,89511,45511,36410,57710,016
10,3069,1059,166
11,91110,5469,2849,8258,0019,8939,2189,808
12,2848,828
11,22411,2629,6969,851
11,630
10,88412,5329,5089,6789,145
10,707
13,29013,71512,40910,79312,458
16,25011,980
1986
12,489
14,55316,45211,23114,79214,39712,80211,404
13,87712,76715,55914,22816,07113,86312,333
12,39813,37711,27312,61111,90612,024
12,08111,54212,32912,74012,09811,88011,09810,750
10,8809,5949,642
12,54311,2769,7319,7948,374
10,5649,684
10,48213,1409,263
11,36811,9319,9159,950
11,666
11,23312,8929,828
10,3029,468
10,615
13,96814,38413,17911,39513,185
16,01012,684
1987
13,143
15,67417,78412,09215,99215,36313,52212,153
14,75313,57216,70815,12817,28014,66013,085
12,99014,08511,85613,06512,45312,715
12,67612,21312,75713,43612,65912,47911,50411,377
11,50710,0689,998
13,31411,91810,3549,9338,868
11,23910,23811,20913,9799,587
11,61712,42810,11310,08911,886
11,54213,15810,40410,7889,727
10,454
14,69015,13813,89611,96013,773
15,72413,461
Percent ofnationalaverage
1982
100
10912485
1101059990
108100122108122107100
9910990979696
9694
1019994959486
8778769986829071827782
10179
98918496
102
96109829079
104
11311711092
107
148105
1987
100
11913592
12211710392
112103127115131112100
9910790999597
969397
10296958887
887776
10191797667867885
10673
8895777790
8810079827480
11211510691
105
120102
Rankin
U.S
1987
i2935
1428
13
728
19
933202522
27211623243435
454617314147503642371049
26434432
1840384839
6113012
415
Census Regions
132,071386,982399,749161,926346,385114,343237,268110,504365,894
143,807418,660422,335170,588380,281120,739252,401120,118395,950
160,274456,264463,757189,248421,208132,774273,030130,868434,628
171,066483,656489,108199,995453,765138,868288,955139,869466,493
185,433515,900517,261212,260490,287147,400294,513148,049500,032
201,328550,078544,317223,538529,815157,393300,739155,202536,676
8.807.296.376.668.876.604.867.037.96
8.576.625.235.318.066.782.114.837.33
10,62110,4919,6089,3339,0407,6889,3819,168
11,028
11,51111,30510,1749,7939,7818,0769,7449,751
11,723
12,74312,28611,15310,80910,6548,828
10,41610,43812,653
13,50913,00311,74611,39511,2849,180
10,88410,95513,318
14,55313,82612,39812,08111,9769,697
10,96311,40413,982
15,67414,69512,99012,67612,71010,29411,17611,78714,690
109108999693799794
113
119112999697788590
112
::::: :
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
32 SURVEY OF CURRENT BUSINESS August 1988
Table 3.—Personal Income by[Millions
Line
123
45
6789
1011
1213141516
171819202122232425262728
2930313233343536373839404142434445464748
49505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
Item
Income by Place of Residence
Total personal income (lines 6-11)..Nonfarm personal incomeFarm income (line 17) 1
Population (thousands) 2
Per capita personal income (dollars)
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-84)Less' Personal contributions for social insurance 3
Plus' Adjustment for residence 4
Equals: Net earnings by place of residencePlus' Dividends, interest and rent 5
Plus' Transfer payments
Earnings by Place of Work
Components of earnings:Wages and salariesOther labor income . . . . . .Proprietors' income 6
FarmNonfarm6
Earnings by Industry
Farm . . . .Nonfarm ;
PrivateAgricultural services, forestry, fisheries, and other 7
Agricultural servicesForestry, fisheries and other 7
Mining .Coal miningOil and gas extractionMetal miningNonmetallic minerals except fuels
Construction
ManufacturingNondurable goods
Food and kindred productsTextile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal products .Tobacco manufactures ...Rubber and miscellaneous plastics productsLeather and leather products
Durable goods.Lumber and wood productsFurniture and fixturesPrimary metal industriesFabricated metal productsMachinery, except electricalElectric and electronic equipmentTransportation equipment excluding motor
vehicles.Motor vehicles and equipmentStone clay and glass productsInstruments and related products . .Miscellaneous manufacturing industries ,
Transportation and public utilitiesRailroad transportation . . .Trucking and warehousing ,Water transportationOther transportation 8
CommunicationElectric, gas, and sanitary services ,
Wholesale tradeRetail tradeFinance, insurance, and real estate
Banking and credit agenciesOther finance, insurance, and real estate 9
ServicesHotels and other lodging placesPersonal servicesPrivate householdsBusiness servicesAuto repair, services, and garagesMiscellaneous repair servicesAmusement and recreation servicesMotion picturesHealth servicesLegal servicesEducational servicesSocial servicesMuseums botanical zoological gardensMembership organizationsMiscellaneous services
Government and government enterprisesFederal, civilianMilitaryState and local
United States
1985
3,317,2393,278,334
38,905
238,73613,895
2,410,563148,710
5342,261,319
565,947489,973
1,967,167187,427255,96930,321
225,648
38,9052,371,6581,987,497
11,4059,4461,959
40,1468,290
26,9291,8323,095
151,928
529,239190,59638,13112,31815,69820,66534,25236,925
9,2292,215
18,6322,531
338,64315,1749,295
27,20339,67866,26861,78739,028
35,68515,83120,5808,114
173,17813,43443,063
5,45430,67545,98834,564
157,720236,544156,32655,901
100,425
531,01116,64624,4488,863
115,04622,1909,695
13,0336,089
158,55442,59923,20113,868
59720,89555,287
384,16184,43738,781
260,943
1986
3,521,3933,478,153
43,240
241,09614,606
2,566,850160,498
5152,405,837
594,241521,315
2,085,781195,982285,08734,757
250,330
43,2402,523,6102,117,421
11,7479,4172,330
29,7017,962
16,7131,6913,335
165,435
543,795198,21039,75713,16416,03921,62136,40838,2598,8892,211
19,4382,424
345,58516,2009,777
26,21540,06765,24462,77142,736
36,10416,37921,6758,417
179,66012,70944,9605,191
34,53446,07836,188
165,386252,873177,80462,249
115,555
591,02017,61526,4598,907
129,54024,17410,44214,7366,330
171,37448,82624,55415,543
70022,10969,711
406,18984,73140,576
280,882
1987
3,768,1253,718,473
49,652
243,40015,481
2,757,287171,342
-5302,585,415
634,004548,706
2,238,852207,731310,70440,739
269,965
49,6522,707,6352,274,073
13,36510,7342,631
28,8777,612
15,9191,8423,504
176,606
562,790208,64141,48214,24516,59522,57439,21740,0488,7762,311
20,9212,472
354,14917,61110,55526,28440,19766,54364,11545,280
35,65316,91322,0918,907
189,45511,98148,9715,146
37,34548,11237,900
175,864269,770199,42367,244
132,179
657,92319,17428,4089,019
144,48726,09310,88016,1377,169
193,82456,86326,76717,361
11123,57077,394
433,56289,90942,377
301,276
New England
1985
201,904201,302
603
12,66315,944
145,3998,8333,040
139,60635,00027,299
119,97611,95913,464
41113,052
603144,797126,481
659438221572(D)
439(D)93
9,161
39,74911,0641,229
911790
1,9062,4021,670
8830
1,464574
28,685720357
1,1243,1206,1747,0734,886
355697
2,9001,279
7,845280
1,822161
1,3682,4891,724
9,14014,36110,1003,0907,010
34,896810
1,437396
7,7151,249
482616130
10,8812,4063,1021,096
651,0093,501
18,3163,3631,293
13,660
1986
218,629217,961
668
12,74217,158
158,7769,8523,182
152,10637,53228,991
130,88112,67915,216
48014,736
668158,107138,596
8114873241103644
2116
10,789
40,76811,4561,272
911769
1,9632,6151,774
9632
1,513512
29,312791395
1,1493,0816,2797,1015,123
340711
3,0251,315
8,123264
1,961172
1,4992,3661,860
10,01616,22311,9123,6378,274
39,845906
1,597396
9,1551,424
570708145
11,7722,8503,3621,259
721,0984,530
19,5113,3961,373
14,742
1987
238,639237,912
728
12,84418,579
174,99110,7763,414
167,62940,63330,377
144,47213,72616,793
53116,262
728174,264152,968
96758238522829593
13712,606
41,78011,9541,313
943713
2,0472,9081,837
10632
1,550504
29,826884415
1,1603,1166,7136,6785,254
318775
3,1251,386
8,926264
2,192192
1,6382,5852,054
11,36618,08814,0714,2139,859
44,9371,0461,757
40010,3111,579
613798159
13,2903,3623,6571,471
821,1965,215
21,2963,6411,423
16,232
Connecticut
1985
57,84757,708
138
3,17518,217
41,0942,5772,431
40,94810,4966,403
34,2063,6473,241
933,148
13840,95636,283
127120
6220(D)
153(D)30
2,568
12,5712,971
362110177332664920
930
35710
9,6008791
4631,3371,5521,6983,037
90152832261
2,161(°)
449(D)(D)
691545
2,7433,6863,546
8962,650
8,661115399124
1,97529412317541
2,804597635240
12290837
4,673659351
3,663
1986
62,41862,249
168
3,19319,547
44,6732,8502,588
44,41111,2216,786
37,2573,7903,626
1233,503
16844,50439,577
141133
861(D)10(D)35
2,922
12,9993,116
365101189337718998
1331
35212
9,88310493
4581,3321,7351,5583,227
99154867257
2,223(D)
488(D)(D)
642583
2,9564,2084,1781,0533,125
9,889135446124
2,322331150201
423,028
70967427613
3121,125
4,927669364
3,894
1987
68,29168,120
171
3,21121,266
49,3613,1232,786
49,02412,1537,114
41,2484,0994,015
1233,891
17149,19043,705
174164
994(D)22(D)43
3,436
13,2963,223
379100160364779
1,0171532
36314
10,07312094
4571,3251,7341,6243,345
98168841267
2,459(D)
568(D)(D)
705627
3,2924,7494,9651,2333,732
11,240169495125
2,588372161230
423,520
84371132315
3401,307
5,485736382
4,367
Maine
1985
13,83413,736
98
1,16511,876
9,613557,
99,0652,2342,534
7,619807
1,18749
1,138
989,5157,739
1023270320
2912
699
2,3911,342
13811857
6129223(D)(D)78
2191,049
308(°)1875
119203253
(D)299
15
58458
2071547
142115
4991,095
419157262
1,91778
10645
200903334
67811369377
273
161
1,776493234
1,048
1986
15,05614,971
85
1,17212,846
10,528617
509,9612,4472,648
8,328868
1,33337
1,296
8510,4438,590
14234
10800
(D)1
(D)
850
2,5071,366
14112458
6481022380
76186
1,141318
221969
122223302
2351416
61649
2241656
147125
5531,246
504182322
2,17283
11745
2471014140
r83715710488
77227
1,854481237
1,136
1987
16,55816,406
152
1,18713,954
11,73368067
11,1212,6682,770
9,239960
1,534102
1,432
15211,5819,573
17041
12970
(D)
(D)1,042
2,6251,394
14713048
6531152470
79191
1,231348
261773
125238326
4431616
67341
2521862
156145
6161,393
585202382
2,46295
12946
28512246455
94218511298
283
268
2,007509252
1,247
Massachusetts
1985
94,94494,760
184
5,82316,305
70,7314,1741,213
65,34416,31113,289
58,7045,5976,429
1376,293
18470,54761,955
319212106223(D)
186(D)36
3,966
18,0414,884
543404460685
1,262597630
648221
13,156113151364
1,2433,4733,8331,256
228337
1,720439
3,936130839
(D)(D)
1,296784
4,5806,9474,8821,5653,317
19,062396666155
4,661623246292
725,5371,3341,901
58545
4822,065
8,5921,611
4126,569
1986
02,88402,671
213-
5,83417,635
77,0944,674
-1,15571,26517,38714,232
63,8765,9297,289
1677,122
21376,88167,642
39324115230(D)19(D)48
4,721
18,1775,022
562397424692
1,372615660
700192
13,155125178394
1,2133,3153,9431,239
195329
1,782442
4,027136889
(D)
(D)1,210
842
5,0437,7715,7391,8503,890
21,741445731154
5,51870728533486
5,9851,5842,081
67750
5302,574
9,2391,637
4507,152
1987
12,08511,897
187
5,85519,142
84,7045,101
-1,24778,35618,79414,934
70,3476,4057,952
1407,812
18784,51674,528
46328218182(D)27(D)53
5,565
18,5135,315
574406412726
1,548647
740
740188
13,199142185401
1,2483,7073,4181,230
171346
1,879472
4,431153969
(D)(D)
1,338944
5,8058,5296,7622,1234,639
24,378505800155
6,21777230637298
6,6481,8652,274
79958
5802,929
9,9881,731
4547,804
See footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988
Major Sources, 1985-87of dollars]
SURVEY OF CURRENT BUSINESS 33
New Hampshire
1985
15,34915,316
33
99815,373
10,208604
1,52811,1322,5101,708
8,176829
1,20219
1,183
3310,1759,016
3828941
30011
1,041
2,99882275703416314929(D)(D)21585
2,177114(D)12216477563733
(D)7418146
491(D)1414(D)
160129
5761,178514173342
2,137831192744911933535
63612417072264181
1,159201106852
1986
16,84516,806
39
1,02716,396
11,480688
1,45112,2432,7921,811
9,165923
1,39325
1,367
3911,44110,176
43331110
-4015
1,250
3,1458377774331661643220
21277
2,308134311221648446404028320247
538(°)1615(D)157149
6501,391634211423
2,516901382755014239635
71515118285269257
1,265206112946
1987
18,52918,492
37
1,05717,529
12,805762
1,54113,5843,0461,898
10,2341,0061,566
221,544
3712,76911,350
53401322
3019
1,369
3,2938848282311851913810
20470
2,409153331331708746503919321646
587(D)1815(D)167163
7511,618784267517
2,8721001542861315642736
83618219899276307
1,419229115
1,075
Rhode Island
1985
13,30513,257
48
96713,763
9,088671247
8,6642,2702,371
7,57472478942747
489,0407,582
49232627
24
3490
2,5267746219644501558680
13736
1,75225311411971382862302851118506
388(D)9514(D)13089
511937540213327
2,1143496233097536433
79515420984273177
1,457277169
1,012
1986
14,21914,171
49
97514,589
9,872744188
9,3162,4242,480
8,21278187943836
499,8238,302
692544-0
(D)
(D)584
2,6478166720246521698970
14240
1,83229341392001493132243953110542
421(D)10217(D)13893
5591,043617244373
2,36133107233698641483
84317822195380233
1,521280188
1,053
1987
15,33715,291
46
98615,555
10,752805194
10,1412,6062,590
8,96283795240913
4610,7069,072
7929507
(D)
(D)680
2,7038306621246531799480
13636
1,87329361331951633152184157115571
458(D)11619(D)142102
6071,164697277419
2,67937117234399542523
941207251109387272
1,634304194
1,135
Vermont
1985
6,6266,524101
53512,383
4,66625038
4,4541,179993
3,69635561572543
1014,5653,906
2421228
17o11396
1,22227150131764791600293
952733518105117415765543913
28424923317163
23151719886112
1,00610351221224812193
32660943722779
65912121517
1986
7,2077,093113
54113,320
5,12827961
4,9111,2621,035
4,04338969684612
1135,0154,309
2321110
(D)(D)
12463
1,29329958131866901700305
994813719104114425904584912
29721963377369
25456523997142
1,16512057231505615224
3647010138229113
70612323560
1987
7,8407,705135
54814,302
5,63630673
5,4031,3661,071
4,442420775104670
1355,5014,738
2826215
(D)(D)
14513
1,34930965141866951800285
1,041924220104111433963685813
318171063427673
294635280110170
1,30714063231696116266
4038111241330132
76313326604
Mideast
1985
665,151662,9532,197
42,83215,529
482,20732,048-6,438443,722117,140104,289
399,64136,96045,606157144,035
2,197480,010402,2141,6131,209403
3,1801,1761,622
60321
26,476
97,61342,3036,6921,5204,7753,6609,30810,7052,217185
2,684556
55,3101,0371,1966,0976,02911,12711,4493,258
3,2893,2176,5132,099
34,7411,8537,0811,5766,57211,0016,657
33,33941,72542,02913,66028,369
121,4993,4094,2761,75228,6213,7581,7552,7821,26633,68811,8227,3883,943199
4,79812,041
77,79621,9903,43552,371
1986
709,645707,2652,380
43,03316,491
518,75535,117-6,570477,068122,152110,426
429,18638,68150,888175949,129
2,380516,375434,0171,7261,278448
1,6361,11110853364
30,210
98,66743,2496,9371,5484,6933,7079,84211,0481,964162
2,800548
55,4171,1781,2665,5426,17810,96111,6723.329
3;oso3,3346,6912,185
36,0281,8167,5091,5167,13511,0037,049
35,40545,63348,87015,52233,348
135,8413,6474,6491,74832,4234,1271,8943,1621,25936,47513,7747,8584,530221
5,06715,007
82,35821,9113,59356,855
1987
764,303761,6762,627
43,23417,678
563,07937,884-7,067518,128131,003115,172
466,32641,21755,535197153,564
2,627560,452471,7471,9711,470501
1,9141,06439352406
33,849
101,08445,0737,1801,6314,7463,84810,64811,5461,828113
2,977556
56,0121,3401,3265,4216,25710,71011,9003.473
3;i593,4506,6782,297
37,8791,8038,2781,4067,55311,4207,419
38,01449,50556,12317,07739,047
151,4083,9995,0121,75836,1854,5772,0133,5041,40241,09115,9438,5825,023241
5,41716,659
88,70523,1483,81361,745
Delaware
1985
9,0828,959123
62214,590
7,209591
-2336,3851,5301,167
5,912659638105533
1237,0866,110
1918130
28(D)
(°)
603
2,5881,9011628126752
1,457660(D)(D)688168(D)413385(D)
(D)17224
348399315(D)54(D)
280631406233173
1,2042650322276122292
41193444595497
975148117710
1986
9,8149,649165
63315,498
7,688638
-1396,9101,6431,261
6,271695722147575
1657,5236,477
201911
-2(D)
(°)667
2,5581,929170(°)(D)6857
1,466(D)0(D)(D)629(D)10(D)5135(D)(D)33018243
377(°)104(D)(D)54(D)
303690508311197
1,3532755322616223323
46410847511058121
1,046151122773
1987
10,75110,610
141
64416,696
8,499704
-1687,6261,7931,332
6,966755111123655
1418,3577,229
242316
3(D)
(°)
743
2,7082,024172(D)(D)7864
1,557(D)0(D)(D)684(D)14(D)5137(D)(D)39221283
447(D)139(D)(D)61(D)
336767637397239
1,5633262333137327363
52613354571162142
1,128162128838
District of Columbia
1985
11,06511,065
62317,756
19,2541,338
-10,9936,9231,6842,458
17,2211,099934
934
19,25410,514
1673
16332(D)31(D)
(°)350
52444421113
3951391(°)(D)8011(°)2711(D)(D)523
90982234(D)552(D)
301753
1,063425638
6,41422278105
1,12849194320850
1,4916011635
878762
8,7416,899481
1,361
1986
11,80311,803
62518,876
20,3131,436
-11,3847,4931,7592,551
18,1321,1321,049
1,049
20,31311,451
1774
1732(D)0(D)
(°)
401
575461200(")2
4171370(D)(D)114(D)1(D)210(D)(D)4623
927(D)26(D)(D)547(°)
311797
1,180466713
7,08124185105
1,25454195023936
1,7106071725
942878
8,8626,899512
1,451
1987
12,72212,722
62220,457
21,9731,523
-12,3608,0891,8882,745
19,5841,2751,114
1,114
21,97312,557
1975
1928(D)7(D)
(°)
438
622501200(D)2
4551660(D)(D)121(D)2(D)211(D)(D)4644
959(D)26(D)(D)556(D)
311843
1,284500785
7,89526487104
1,41557175527
1,0421,9696872027
999962
9,4167,293535
1,587
Maryland
1985
70,17569,854
321
4,39115,980
45,6702,9566,91549,62911,0589,488
38,5703,2873,814249
3,565
32145,34934,990
1941732116732116o19
3,564
6,0962,35359119176247671398300
20219
3,7437571663228548
1,3213052112106746
2,871247695142291855640
2,7895,1652,692931
1,761
11,453214491217
3,23741021622833
3,1126795022962
3981,419
10,3594,416948
4,995
1986
75,55075,184366
4,46116,934
49,5573,2177,24953,58911,91510,046
41,7643,5094,284295
3,989
36649,19138,338
223190343829
-14o23
4,113
6,1402,482626(D)
168262703431(D)
022119
3,6597672539260541
1,3642472272008449
2,989219752139377827675
3,0205,6633,1361,09.72,040
13,014251540219
3,80546323825836
3,3677965403412
4261,733
10,8534,4031,0005,450
1987
82,19081,819
371
4,53518,124
54,3093,5037,91958,72512,84710,618
45,8033,8424,663297
4,367
37153,93842,391
26622839723013030
4,751
6,2652,552643(D)159256764439(D)0
21720
3,7138465473266529
1,39331822620210253
3,249194837135433929721
3,2606,3023,5671,2092,358
14,657284582222
4,43351425028938
3,8829146013653
4581,821
11,5474,662
. 1,0325,853
Line
123
45
67891011
1213141516
171819202122232425262728
293031323334353637383940414243444546474849505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
34 SURVEY OF CURRENT BUSINESS August 1988
Table 3.—Personal Income by[Millions
Line
123
45
6789
1011
1213141516
171819202122232425262728
293031323334353637383940414243444546474849505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
TJ.
Income by Place of Residence
Total personal income (lines 6-11)Nonfarm personal incomeFarm income (line 17) 1
Population (thousands) 2
Per capita personal income (dollars)
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-84)Less: Personal contributions for social insurance 3
Plus' Adjustment for residence 4
Equals: Net earnings by place of residencePlus: Dividends, interest, and rent5
Plus: Transfer payments
Earnings by Place of Work
Components of earnings:Wages and salariesOther labor incomeProprietors' income 6
FarmNonfarm 6
Earnings by Industry
FarmNonfarm
Private . ...Agricultural services, forestry fisheries and other 7
Agricultural servicesForestry, fisheries, and other 7
MiningCoal miningOil and gas extractionMetal miningNonmetallic minerals, except fuels
Construction
ManufacturingNondurable goods
Food and kindred productsTextile mill products. .Apparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal products ,Tobacco manufacturesRubber and miscellaneous plastics productsLeather and leather products
Durable goodsLumber and wood productsFurniture and fixturesPrimary metal industriesFabricated metal productsMachinery, except electricalElectric and electronic equipment ....Transportation equipment excluding motor vehiclesMotor vehicles and equipment.Stone, clay, and glass productsInstruments and related products ,Miscellaneous manufacturing industries >
Transportation and public utilitiesRailroad transportationTrucking and warehousingWater transportationOther transportation 8
CommunicationElectric, gas, and sanitary services
Wholesale tradeRetail tradeFinance, insurance, and real estate
Banking and credit agenciesOther finance, insurance, and real estate 9
ServicesHotels and other lodging placesPersonal servicesPrivate householdsBusiness servicesAuto repair, services, and garagesMiscellaneous repair servicesAmusement and recreation servicesMotion picturesHealth servicesLegal servicesEducational servicesSocial servicesMuseums, botanical, zoological gardens ...Membership organizationsMiscellaneous services
Government and government enterprisesFederal, civilianMilitaryState and local
New Jersey
1985
33,40333,131. 272
7,56817,626
87,8575,639
11,56593,78224,06015,561
72,9537,0047,901
2057,695
27287,58575,497
29027120
322(D)
257(D)60
5,365
20,61910,9471,476
346720897
1,6424,388
52812
86079
9,672154260638
1,3961,8002,703
162353683
1,039483
7,47791
1,989616
1,1642,4471,170
7,6398,1745,0051,5043,501
20,6061,308
761220
6,770722386405
685,3111,304
674385
5609
1,678
12,0882,321
5519,217
1986
43,297143,028
269
7,62518,793
95,4096,254
12,420101,57625,31616,405
79,1857,3668,858
2048,654
26995,14082,284
3192883143(D)
-31(D)69
6,084
21,22811,3141,589
345740870
1,7244,561
53211
86577
9,914172275658
1,4331,8222,782
161296717
1,105494
8,08796
2,130649
1,2942,6681,251
8,3099,0845,9911,7894,201
23,1391,389
844220
7,66382243746675
5,8611,498
706440
5661
2,051
12,8562,303
5659,988
1987
56,14555,851
295
7,67220,352
104,9606,874
13,55411,63927,27617,231
87,1867,9419,833
2279,606
295104,66590,701
38134734
116(D)31(D)80
6,970
22,02711,8461,646
375752878
1,8564,820
54010
89177
10,181195266660
1,3981,8192,871
188368737
1,157523
8,645106
2,377588
1,4172,8661,292
9,21410,0687,1592,0605,100
26,1221,527
921221
8,65091048251179
6,6991,802
766484
6725
2,340
13,9642,400
60810,956
New York
1985
280,397279,824
573
17,76215,786
210,57614,143
-13,778182,65651,16046,581
174,86315,49220,221
32919,893
573210,003179,110
597423175875
769951
11810,134
38,32515,7732,321
6142,5231,2404,7702,308
898132675293
22,551295428
1,0031,8595,3184,5051,4431,411
9234,3461,021
15,160634
2,062605
4,0155,4102,434
15,56116,33326,6328,213
18,419
55,4931,0731,716
91412,7551,329
6731,5311,075
14,4256,3823,5032,254
1501,9085,804
30,8944,429
72525,739
1986
99,324298,704
621
17,79516,821
227,78915,551
-14,77997,45952,37949,486
188,88516,21522,689
37822,311
621227,168193,631
628440188224
74744
12611,582
38,78815,9122,337
6132,5091,2355,0222,348
728112719290
22,876319465971
1,8605,2824,6321,4931,384
9854,4381,047
15,285630
2,193530
4,2055,1672,560
16,27317,82630,9629,256
21,706
62,0631,1411,844
90914,3601,418
7091,7731,051
15,4847,5613,7762,588
1691,9667,313
33,5374,437
76628,334
1987
320,930320,211
719
17,82518,004
246,11516,678
-16,072213,36556,10351,462
204,40816,99224,715
46324,252
719245,396209,007
699490209361
717643
13612,699
39,09816,5252,392
6232,5781,3115,4712,387
60477
791290
22,573356499895
1,8734,9724,7261,5011,2761,0254,3541,095
15,773645
2,406467
4,3635,1972,696
17,18019,16535,42410,09025,334
68,6071,2501,980
91215,6881,600
7421,9881,180
17,2268,6854,0932,850
1832,0948,135
36,3894,655
87030,864
Pennsylvania
1985
61,02960,121
908
11,86413,573
11,6417,381
8604,34627,64829,034
90,1229,421
12,099683
11,416
908110,73395,994
345321
241,7531,136
4913
1236,460
29,46110,8842,122
5311,3441,2061,7792,141
68641
869165
18,577496428
3,7302,5033,4212,8241,314
9041,3791,037
542
7,977760
2,219195981
1,6822,140
6,77010,6696,2322,3543,878
26,328566
1,180265
4,5041,187
43954568
9,5801,8722,063
80028
9512,281
14,7393,777
61310,349
1986
69,85768,897
960
11,89414,281
18,0008,020
6210,04129,14030,676
94,9499,765
13,286735
12,551
960117,040101,836
359337
221,3291,075
1072
1447,363
29,37711,1512,196
5571,2631,2701,9192,229
59940
917162
18,226591443
3,3122,5723,2712,7741,389
8401,4081,039
589
8,362745
2,304177
1,1241,7392,273
7,18811,5747,0942,6034,491
29,191597
1,281264
5,0801,308
46758272
10,3622,1022,182
93930
1,0142,911
15,2043,718
62810,858
1987
81,56580,464
1,101
11,93615,212
27,2248,601
6118,68431,09731,784
102,38010,41114,433
86213,571
1,101126,124109,862
404378
271,3511,026
1642
1588,248
30,36411,6262,307
5971,2441,3242,0372,327
59326
1,003168
18,739682480
3,3602,6663,3432,7791,426
8921,4591,034
619
8,806724
2,494181
1,1971,8122,398
7,71312,3598,0522,8215,231
32,564643
1,379265
5,6851,423
49462676
11,7162,4412,3801,065
331,0803,259
16,2623,976
63911,647
Great Lakes
1985
570,503565,008
5,495
41,64213,700
415 08726,757
1,521389,85194,71185,941
341,28235,45738,3484,441
33,908
5,495409,591355,592
1,2541,195
593,6451,4861,575
105480
20,935
131,43936,0017,816
3011,4584,4976,9757,2431,184
176,138
37295,438
1,6782,074
10,98314,30819,17710,9194,490
24,3373,4932,5481,431
27,6932,5148,605
2793,6726,4956,128
26,77737,94922,5808,042
14,538
83,3201,3864,127
90317,1223,3601,3961,698
38528,6046,2083,3192,307
1173,8038,586
53,9998,9282,299
42,772
1986
502,131596,266
5,865
41,72214,432
439,62128,735
1,510412,39798,89390,841
360,60336,93242,0854,829
37,257
5,865433,756376,266
1,2181,179
392,4441,385
411115532
22,868
134,05137,5168,051
3061,5394,7707,2747,5971,236
156,369
35896,536
1,8312,181
10,60214,53619,04111,0204,825
24,8333,5552,6221,490
29,0422,4328,908
2754,2986,7436,386
28,14840,60225,1568,785
16,371
92,7371,4544,441
89819,6083,6331,5281,905
39930,7167;0003,4452,537
1294,030
11,013
57,4919,0422,417
46,032
1987
537,451531,200
6,251
41,90415,212
466,29830,356
1,645437,587104,86195,003
382,60538,50345,1905,171
40,020
6,251460,047399,378
1,3801,332
482,5641,300
587122555
25,052
136,10139,3598,344
3141,5224,9717,7328,0211,291
156,772
37796,7422,0682,399
10,69214,40419,06211,0464,845
24,2353,6822,7281,581
30,6152,2939,673
2904,6816,9366,741
30,12143,41428,0839,495
18,587
102,0481,5454,743
90421,7713,8651,5742,020
39634,0778,0243,7682,820
1464,278
12,117
60,6699,5792,572
48,518
Illinois
1985
69,92168,181
1,740
11,53814,728
23,9167,829
9116,17830,25923,484
100,6609,823
13,4321,502
11,930
1,740122,175106,252
383368
161,360
688493
1178
7,033
28,41610,5712,678
55281841
2,9212,074
42014
1,20484
17,845221402
1,9793,3194,8413,405
653788724
1,003509
9,769932
2,50288
2,0342,3691,844
10,04011,2369,7543,0416,712
28,261473
1,273277
7,3561,048
430485196
8,0612,6031,303
65354
1,3022,748
15,9242,919
95812,046
1986
79,07677,369
1,706
11,55115,503
31,5028,415-17
23,07031,43424,572
06,65010,27914,5731,471
13,102
1,706129,795112,774
37135715
941649102
0189
7,584
28,63310,8962,752
62289894
2,9722,145
45312
1,23582
17,737217393
1,9373,4034,6323,367
675861708976568
10,293917
2,56386
2,3352,4881,904
10,50411,98510,7703,3447,426
31,692490
1,402275
8,5491,155
490556205
8,6312,9911,334
74061
1,3963,419
17,0213,0201,031
12,970
1987
90,43088,742
1,688
11,58216,442
40,3738,959
-231,41333,41325,605
14,02010,83315,5201,442
14,077
1,68838,68520,778
42640918
939597146
1195
8,311
29,39711,3882,817
64281945
3,1382,261
47212
1,31683
18,010243431
1,9073,4284,7133,434
652878736976612
10,891901
2,85587
2,4752,5861,987
11,20912,96012,0983,6228,477
34,547512
1,483277
9,4181,221
477592201
9,3523,4431,458
82469
1,4963,723
17,9073,2021,069
13,636
See footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 35
Major Sources, 1985-87—Continuedof dollars]
Indiana
1985
68,37867,568810
5,50012,433
49,8372,921745
47,66111,0949,624
40,6674,2804,890643
4,248
81049,02642,712
1361333
480299111069
2,803
17,7274,25786314132310724
1,1111871
88629
13,470415399
2,7851,3991,8962,6301,0101,915493309219
3,544385
1,32130268725814
2,6824,7562,195857
1,338
8,390185551105
1,17446619016229
3,3955233742458
417564
6,3141,175286
4,853
1986
72,21771,279
938
5,50313,124
52,7583,139753
50,37211,58310,262
42,8494,4205,490776
4,714
93851,82045,103
1231203
3482618079
3,098
18,0364,42185515130325773
1,1661791
94929
13,614468424
2,6061,4071,8442,6341,0212,104524367215
3,755364
1,43731325755843
2,8605,0922,456943
1,513
9,336195602105
1,37751621818929
3,6385883992699
432768
6,7171,196316
5,205
1987
76,96175,988
973
5,53113,914
56,5863,357791
54,02112,32310,617
46,0364,6645,887809
5,078
97355,61348,399
1431404
36325523085
3,366
18,8634,75989118141345829
1,2821791
1,04034
14,105524442
2,6341,4681,9292,5771,0642,272557409229
4,029338
1,59947358797890
3,0535,4952,7171,0111,706
10,370216645106
1,56455621220528
4,11366142930610453862
7,2141,260356
5,597
Michigan
1985
127,264126,591
673
9,08514,008
93,6046,103703
88,20419,57119,488
78,0429,0526,510485
6,025
67392,93280,781
238218194831
3208875
3,895
36,7526,2361,213
55681649916
1,544960
1,03053
30,517263762
1,8724,0214,4681,053664
16,293554381186
5,023357
1,46935542
1,2371,383
5,0028,0613,6251,5622,063
17,703262796178
3,568733352347101
6,0931,15844449814819
2,341
12,1501,581335
10,234
1986
135,320134,635
685
9,13914,807
99,8886,620610
93,87920,67620,766
83,2369,5197,133499
6,634
68599,20386,089
243234102821989984
4,428
37,9306,5361,233
45748724948
1,6351300
1,02549
31,394274823
1,9024,0544,5751,157716
16,720573405193
5,286352
1,51936696
1,2561,427
5,4008,7274,0951,7062,388
19,698305842178
4,032781365395103
6,5711,28344854716873
2,960
13,1141,583353
11,179
1987
141,618140,866
751
9,20015,393
104,1306,873672
97,92921,80621,882
86,7209,7577,654554
7,099
751103,37989,727
271259123401
14810686
4,785
37,1416,8031,294
45725726998
1,6991370
1,12355
30,338314953
1,8833,9534,2891,163755
15,783628420197
5,642358
1,57834847
1,2841,540
5,8769,3664,5891,8702,720
21,719334901179
4,466815384412103
7,3821,48049560518926
3,219
13,6521,682374
11,595
Ohio
1985
142,033141,054
979
10,74513,219
103,7167,136-83695,74522,77523,514
86,3428,7488,626811
7,816
979102,73789,460
3022975
1,1674995469
1135,020
34,7749,9521,64198268
1,0971,5952,1774672
2,53373
24,822330319
3,8294,1904,9682,5091,9874,2811,524580306
6,551621
2,221107548
1,5921,462
6,5229,7554,7521,7702,982
20,617301
1,047249
3,39877029250444
7,8371,38886261536904
2,370
13,2772,530526
10,221
1986
148,929148,051
877
10,74813,857
108,6017,575-780
100,24623,74724,936
90,3349,0099,258712
8,546
877107,72493,805
3002972
8264742129
1315,291
35,24210,3871,720108269
1,1511,6952,2904602
2,62172
24,855374336
3,6314,2174,8922,5432,2044,2151,533595313
6,766606
2,231106620
1,6501,553
6,75710,3845,3441,9333,410
22,896300
1,102247
3,80181931255445
8,4241,55391566939945
3,171
13,9192,517508
10,894
1987
157,580156,608
971
10,78414,612
115,0277,978-816
106,23425,17226,174
95,7409,3239,964799
9,165
971114,05699,195
3363323
8494462578
1385,887
35,69110,7991,774106260
1,1851,7992,4064892
2,70472
24,892423348
3,7254,0614,8892,5422,1644,2601,521618341
7,011535
2,388106669
1,6751,637
7,14510,9325,9452,0903,855
25,400305
1,185248
4,28388235058548
9,4251,7741,01073444991
3,536
14,8612,658533
11,670
Wisconsin
1985
62,90661,6131,293
4,77513,174
44,0142,769817
42,06311,0129,832
35,5713,5534,8901,0013,889
1,29342,72136,388
195179161561
103745
2,185
13,7694,9851,4218096
1,600819337140
486133
8,784449191518
1,3793,0031,322176
1,060198275211
2,807218
1,09319281573624
2,5314,1422,254812
1,442
8,34916645994
1,62734313220016
3,2175363362964
360563
6,333722194
5,417
1986
66,59064,9321,658
4,78313,923
46,8722,985943
44,83011,45410,306
37,5343,7065,6321,3714,261
1,65845,21438,494
1811729481
-9749
2,466
14,2115,2761,491
76104
1,677887361140
540127
8,936498205527
1,4553,0971,319208933216278201
2,942194
1,15817321595657
2,6274,4132,491859
1,633
9,11516449393
1,84936214321115
3,4535853503115
385695
6,720725209
5,786
1987
70,86268,9951,867
4,80714,742
50,1813,189998
47,99112,14710,724
40,0903,9256,1661,5664,600
1,86748,31441,279
2041931273112
. 752
2,704
15,0095,6121,568
81115
1,770967373150
589133
9,397564225544
1,4953,2411,329210
1,043240303202
3,043162
1,25216332595686
2,8394,6622,733903
1,830
10,01217852894
2,04039215122515
3,8056653753515
411111
7,035776240
6,020
Plains
1985
232,873224,1578,716
17,55113,269
167,65010,604-1,516155,53043,53933,804
130,23812,41524,9977,59017,408
8,716158,934133,403
72969632
1,742195968335244
9,830
35,12513,7034,820
79513
1,8382,8791,8232770
1,163310
21,422751481962
2,6835,9173,0192,6232,233902
1,373478
14,3812,1254,365134
2,2243,0362,498
12,10116,4659,7853,5926,192
33,245750
2,017413
6,4191,716652701145
11,6292,3601,3871,089
311,3632,574
25,5314,8541,97518,701
1986
245,931235,19410,737
17,56913,998
178,02611,336-1,566165,12345,05935,749
136,35312,94028,7349,64419,090
10,737167,289140,509
63260131
1,114179392284259
10,780
36,25214,3225,054
81515
1,9333,0411,8982841
1,218297
21,930849517978
2,6855,7023,0022,9032,299932
1,572490
14,7072,0074,575109
2,3403,1042,572
12,33717,24810,8853,8817,004
36,554740
2,212411
7,2041,895743783150
12,3672,6501,4731,181
371,4353,273
26,7814,8892,08619,805
1987
260,850249,28411,566
17,63414,792
189,57912,048-1,678175,85347,58837,409
145,08513,65030,84510,44320,402
11,566178,013149,544
71367737
1,127169399278281
11,472
37,79015,0515,272
84540
2,0123,2321,9852910
1,324310
22,738984571
1,0082,7585,9843,0633,1982,124985
1,587476
15,2611,8964,925105
2,5033,2142,618
13,21218,18111,8864,0387,848
39,903771
2,348413
7,8891,993779832155
13,7242,9881,5961,274
401,5053,595
28,4695,2112,26620,992
Iowa
1985
36,20834,1442,064
2,88012,570
24,3631,469295
23,1907,5065,512
17,7531,7054,9061,7993,106
2,06422,30018,619
1611574
102652044
1,172
5,4062,0561,009
136410837319850
27510
3,350106105259397
1,3935352021411070142
1,670222691585323346
1,7112,3531,390526865
4,6548429570919243926812
1,6513702231452
195285
3,68151863
3,099
1986
37,99935,2652,734
2,85013,335
25,8611,544271
24,5897,6345,777
18,2631,7565,8422,4803,362
2,73423,12719,300
1181153466
-4044
1,233
5,4472,1191,023
156512639819450
28110
3,329124110264405
1,2625982222612071128
1,7122127186
109318349
1,7072,4451,493546947
5,0998032169
1,0422651078013
1,7434162371562
205364
3,82752971
3,227
1987
40,34837,4572,891
2,83414,236
27,6961,660268
26,3058,0356,009
19,5971,8746,2252,6353,590
2,89124,80520,733
13513246456053
1,298
5,9632,2701,130
146611642319250
31410
3,693143124257429
1,4276712724916684117
1,779199790- 7113319351
1,7942,5601,603562
1,040
5,5368633868
1,1302791088313
1,9394562551652
216395
4,07356479
3,429
Kansas
1985
33,85532,5601,294
2,44913,826
23,5211,434832
22,9196,3294,607
18,0581,7303,7331,1342,599
1,29422,22618,247
95931
51916476027
1,397
4,5771,687621345963602421180
1993
2,890642674256455205
1,1803311907435
2,0704646300
186391399
1,6942,2711,235485751
4,38965300649262531386510
1,5092701021052
163417
3,979687592
2,701
1986
35,66734,0691,598
2,45914,503
25,043-1,537758
24,2646,5144,890
18,9301,8084,3051,4422,863
1,59823,44519,216
84822
33613294029
1,546
4,8491,792662447983832641240
2073
3,057632577262474205
1,3602951936935
2,1314396631
219401409
1,7352,3841,347518829
4,8046132963
1,0292751547311
1,5883001071132
169530
4,229705626
2,899
1987
37,45035,7401,710
2,47615,126
26,2521,611846
25,4876,8275,135
19,8281,8914,5341,5492,984
1,71024,54220,120
95932
30514262029
1,631
4,9611,8676826481033992801270
2212
3,095722579270487205
1,4132461887436
2,1854186961
215432423
1,8132,4791,480546934
5,1715734164
1,1072861647410
1,7493321171232
174570
4,422744668
3,011
Line
123
45
67891011
1213141516
171819202122232425262728
293031323334353637383940414243444546474849505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
36 SURVEY OF CURRENT BUSINESS August 1988
Table 3.—Personal Income by[Millions
Line
123
45
6789
1011
1213141516
171819202122232425262728
293031323334353637383940414243444546474849505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
Income by Place of Residence
Total personal income (lines 6-11)Nonfarm personal incomeFarm income (line 17) 1
Population (thousands) 23er capita personal income (dollars)
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-84)Less' Personal contributions for social insurance 3
Plus' Adjustment for residence 4
Equals' Net earnings by place of residencePlus' Dividends interest and rent 5Plus' Transfer payments
Earnings by Place of Work
Components of earnings:Wages and salariesOther labor incomeProprietors' income 6
FarmNonfarm 6
Earnings by Industry
FarmNonfarm ,
PrivateAgricultural services, forestry, fisheries, and other 7
Agricultural servicesForestry, fisheries, and other 7
MiningCoal miningOil and gas extractionMetal mining.. . . . .Nonmetallic minerals, except fuels
Construction
Manufacturing.Nondurable goods ..
Food and kindred productsTextile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal productsTobacco manufactures ,Rubber and miscellaneous plastics products ,Leather and leather products
Durable goodsLumber and wood productsFurniture and fixturesPrimary metal industriesFabricated metal products ,Machinery, except electrical ,Electric and electronic equipment ,Transportation equipment excluding motor vehicles ,Motor vehicles and equipmentStone clay, and glass productsInstruments and related productsMiscellaneous manufacturing industries
Transportation and public utilities . ....Railroad transportationTrucking and warehousing ,Water transportationOther transportation 8
CommunicationElectric, gas, and sanitary services
Wholesale tradeRetail trade . . . . .
Banking and credit agenciesOther finance, insurance, and real estate 9
ServicesHotels and other lodging placesPersonal servicesPrivate householdsBusiness servicesAuto repair, services, and garagesMiscellaneous repair servicesAmusement and recreation servicesMotion picturesHealth servicesLegal services
Social servicesMuseums, botanical, zoological gardensMembership organizationsMiscellaneous services
Government and government enterprisesFederal civilianMilitaryState and local
Minnesota
1985
59,28957,7831,505
4,19014,149
44,2013,053
23240,91610,0308,343
35,7503,4844,9671,2853,682
1,50542,69536,508
16415311
3770
10822048
2,636
10,6454,0631,128
3942
1,25296925571
026640
6,583352100174
1,0752,829
67873
165213796128
3,370345927
34855638570
3,2954,3482,766
9211,845
8,90721955076
1,64144415222435
3,047669352438
16370672
6,187865114
5,209
1986
63,17361,1402,033
4,21314,995
47,3403,285
23243,82310,5678,783
37,8233,6595,8581,8164,042
2,03345,30738,742
15414410
2320
1117051
2,961
11,0334,2661,194
4046
1,3031,015
27272
0287
376,767
407115185
1,0442,718
65383
207215990150
3,43633995625
890628597
3,4324,5603,1271,0152,112
9,80621861176
1,83848817025637
3,264757367471
20393840
6,565876128
5,560
1987
67,62465,4902,134
4,24615,927
50,9573,525
26047,17211,2639,188
40,7803,9156,2631,9074,356
2,13448,82341,820
17416113
2410
2416651
3,297
11,6494,5661,259
4146
1,3741,113
293810
32337
7,083490125207
1,0852,797
704123205231970145
3,638327
1,01225
995650628
3,6824,8943,4431,0372,406
10,80322965977
2,076511181275
403,608
85539751021
415950
7,004944143
5,916
Missouri
1985
66,72965,934
795
5,03413,256
49,2573,0161962
44,27812,4919,960
39,7433,8565,658
6435,015
79548,46241,645
16415311
3631061256072
3,133
11,5574,4621,225
13317338936
1,045590
276253
7,095162205398754807
1,3241,2811,432
291310130
4,724447
1,30795
9681,146
762
3,5274,8912,8271,0361,792
10,458258551134
2,254509156264
763,500
731528248
8401839
6,8171,894
4634,460
1986
70,61869,826
792
5,06413,946
52,1563,2481,935
46,97313,08410,561
41,9004,0566,200
6445,556
79251,36544,253
15614610
225100-75479
3,526
11,9084,6411,306
10313358989
1,081620
282240
7,267181218396776813
1,2731,3751,478
306315135
4,872410
1,37976
9731,228
807
3,5965,1983,2341,1482,086
11,537258602134
2,52957117828278
3,743819574270
c425
1,065
7,1121,866
4894,758
1987
74,94573,998
947
5,10314,687
55,5423,436
-2,08550,02113,85811,066
44,4994,2366,808
7976,011
94754,59546,950
17916812
25094164892
3,675
12,0964,8201,349
11329366
1,0291,133
600
290252
7,277198243405762821
1,1981,5721,315
307321134
5,064374
1,47571
1,0201,279
845
3,9625,4843,5741,2162,358
12,666272643136
2,74260918830580
4,19595162728511
4481,174
7,6451,987
5445,114
Nebraska
1985
20,82919,1271,702
1,60412,982
15,293962
-29214,0393,9562,834
11,148990
3,1551,5131,643
1,70213,59110,908
82802
773
511
23856
2,0771,013
5873
2238
1637570
1164
1,064333851
1622812275362578516
1,575533451
173
363153
1,0631,4441,009
337671
2,72661
17338
47316367468
960209115&
115213
2,684427356
1,901
1986
21,68319,7441,939
1,59813,572
16,0351,020-278
14,7373,9512,995
11,4841,0033,5481,7581,790
1,93914,09711,316
7068
2413
141
24855
2,1061,054
5962
2543
17677
40
1247
1,051324048
155285223
4464588615
1,583501491
184
359147
1,0651,4911,096
353743
3,00962
18938
54518180538
1,015237119
8*
118271
2,780434375
1,971
1987
22,84520,7282,117
1,59414,328
16,9391,074-286
15,5794,1423,124
12,0561,0503,8331,9331,899
2,11714,82211,887
75733
473
181
24882
2,1791,080
5912
2746
1887830
1368
1,098344452
1622912324575599114
1,596476554
194
364108
1,1311,5501,171
366805
3,25765
19838
59418882558
1,128262125
9*
12<289
2,934458398
2,078
North Dakota
1985
8,1637,474
689
68511,921
5,712339
-1695,2031,6991,261
4,149332
1,230620610
6895,0223,854
26260
21764
1430
10356
33118091931
393
160
170
15155
-016685
14131717
54383
1430
3195
190
462573264129135
1,08232771597482215
5185325330
6281
1,168214247708
1986
8,4417,658
783
67912,440
5,852349
-1595,3441,7111,385
4,160325
1,368714654
7835,0693,862
23220
15057830
11352
3351869293
(D)403
170
20(D)
149660
16626
16111618
53882
1450
3492
185
454573277135143
1,159308314
101532517
5455926380
65101
1,207224247736
1987
8,7387,958
780
67213,004
6,031366
-1605,5051,7791,454
4,309332
1,390705685
7805,2514,000
24240
1335269
011
367
3481889594
(D)40
4160
19(D)
160760
19677
15141529
55083
1580
3390
186
465586290140150
1,236298814
109562617
587632742
67108
1,252240258753
South Dakota
1985
7,8017,134
666
70811,017
5,30333112
4,9841,5291,287
3,637319
1,348595753
6664,6373,622
36333
871
135421
279
532242158
0205
38500
151
29030
g
62383453
16243819
43030
2150
268178
349585293159134
1,031317016
109562511
44<5641370
5767
1,015251140624
1986
8,3517,493
858
70811,803
5,738353
95,3931,5991,359
3,792333
1,612789823
8584,8803,820
28243
8312
5822
306
574264179
017(D)40600
16(D)
3103637
2788443
18244020
43524
2240
317877
347597310165145
1,140317716
121622921
4696344450
60102
1,060256150654
1987
8,9007,913
988
70912,550
6,162377-2
5,7841,6841,433
4,017352
1,794917877
9885,1744,036
31274
8714
6221
323
593261166
120(D)42700
20(D)
3324138
319446
421194422
45019
2400
338078
366627326170155
1,234338116
131653023
2516
6947490
62110
1,139273175691
See footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988
Major Sources, 1985-87—Continuedof dollars]
SURVEY OF CURRENT BUSINESS 37
Southeast
1985
681,058672,1378,921
56,54912,044
482,57728,2453,430
457,762114,360108,936
395,97436,43050,1737,07143,103
8,921473,656385,7172,4291,996433
10,0204,3684,588
74990
33,197
99,52949,3777,5549,0485,3415,5425,1308,9971,1891,9784,172426
50,1514,7593,3724,1885,7048,0169,2165,7753,2583,4171,3861,061
37,0893,1939,5841,5566,3549,1117,290
30,33551,58625,7369,98015,756
95,7963,6914,9362,79917,4404,3411,9272,410293
30,2937,1613,3542,083
433,76311,262
87,94020,00314,30153,636
1986
726,825717,7089,117
57,28812,687
515,92530,5483,410
488,788122,180115,857
422,13438,57855,2137,28447,929
9,117506,809413,6832,4742,027448
7,7394,1392,498
641,03836,258
104,45852,1618,0489,8235,5655,8665,6279,2261,2241,9964,388397
52,2975,1073,5674,2545,8748,1609,3926,2173,4443,6571,4901,135
38,4922,97410,1221,4177,1189,2107,651
31,73255,47529,16711,17017,996
107,8893,9795,3842,82019,8944,7202,1312,703315
33,0048,1803,5892,336
783,97514,780
93,12620,05314,97258,101
1987
783,155772,21010,945
58,02213,497
559,06832,8963,637
529,810131,065122,280
456,73841,31961,0119,01351,998
10,945548,123448,4282,8052,327477
7,6444,0112,472
701,09138,277
110,48755,4318,49510,7315,7976,1566,0869,5161,2592,1474,840406
55,0565,4663,8724,3996,0228,5469,7986,7073,5813,8381,6071,221
41,2212,75411,1521,3867,9409,8848,104
34,21159,70532,50112,14820,353
121,5774,3085,8242,86422,6435,1522,2882,975341
38,1359,5793,9522,613
864,23616,580
99,69621,40215,62462,670
Alabama
1985
43,03842,391
647
4,02010,705
31,1761,970517
29,7225,6077,708
25,5252,4463,204558
2,646
64730,52824,125
133844958843396158
1,761
7,8323,668498601616782246391516
4751
4,16554115281650146351645933521064108
2,2292296557397559615
1,7792,9421,429580849
5,430107263184870279109839
1,8643941681160
217765
6,4041,825752
3,827
1986
45,73645,000
736
4,05011,293
33,2402,031521
31,7295,9638,044
27,0392,5883,613648
2,965
73632,50325,830
121843848138336(D)(°)
1,892
8,1843,873536666648808268391(°)(D)494(D)
4,3115521658145124935434923532216898
2,26121567468111548645
1,8563,1881,588653935
6,259116281185
1,0912931168411
2,0284461741250
2261,083
6,6731,784773
4,116
1987
48,75347,901852
4,08311,940
35,6562,170556
34,0436,3358,375
28,9642,7623,931759
3,172
85234,80427,753
130933746536242(")(D)
1,989
8,6744,151574734696822284408(°)(D)561(°)
4,5236041798225185425725243462427499
2,40719673065123607687
1,9533,3731,698687
1,011
7,065124303186
1,2663041249811
2,3435141911360
2361,227
7,0511,941832
4,278
Arkansas
1985
24,82523,7381,086
2,35910,523
17,2271,087-66
16,0753,9804,769
13,0691,3112,848924
1,924
1,08616,14113,418
8168141781
1391028
1,044
4,1571,86665338113373182169380
22576
2,29237114920232735447076881069555
1,438204547673284324
8941,868818322496
2,939792196743619265516
1,15818269960
129189
2,723536269
1,917
1986
26,13525,0671,068
2,37111,025
18,2431,170-10616,9664,1395,029
13,8311,3603,051908
2,143
1,06817,17514,297
736310122283(D)(D)
1,167
4,3711,995743(D)122394193164(D)0
23869
2,376390159185332381479859510610561
1,504198610688267335
9141,959913347566
3,275852436750821474587
1,246206741040
132257
2,878543280
2,054
1987
27,48126,2971,184
2,38811,507
19,2421,235-10617,9014,3355,245
14,5381,4333,2711,0162,254
1,18418,05815,084
847212116177(°)(D)
1,148
4,6432,138807(°)123429215168(°)0
25070
2,50541917420233938949810110810410665
1,592195694691263343
9522,031941358583
3,576862536855122272619
1,418229811161
136274
2,974573292
2,109
Florida
1985
158,315156,2222,093
11,37313,921
98,4805,565-58
92,85739,27126,187
81,0127,15810,3111,5968,715
2,09396,38780,708
8757711047995
55514225
8,158
12,0024,2841,041
35365448
1,196774553430133
7,718499222130789
1,2822,0041,677
93549305167
7,437330
1,359300
1,8872,3431,218
6,26612,4577,2232,5424,681
25,4901,3231,015659
4,1081,035450
1,13381
7,9102,1786785429
9163,452
15,6802,8802,21610,583
1986
170,994168,8152,179
11,69414,622
106,8896,138-47
100,70542,24528,044
87,9277,73211,2311,6879,544
2,179104,71187,736
9177991181945
-4313219
8,752
12,6744,4841,095
41385450
1,313765623231130
8,191527243135828
1,2982,0761,862111600330181
7,740317
1,443294
2,0642,3241,298
6,62813,6208,2862,9205,366
28,9241,4951,099673
4,6381,115505
1,25789
8,6242,49572062310985
4,595
16,9752,9332,40711,635
1987
187,365184,9262,439
12,02315,584
118,3546,766-62
111,52645,76230,077
97,3748,41412,5661,92310,643
2,439115,91497,1861,05091613431057914212
9,190
13,4464,7451,129
45415468
1,442758623036433
8,701551259144892
1,2972,1862,040129648364191
8,303298
1,609328
2,2542,4171,396
7,38214,9839,4213,2216,200
33,1021,6691,197693
5,3031,233554
1,39599
10,1463,03680772112
1,0695,166
18,7283,1802,51413,034
Georgia
1985
75,37674,424
952
5,97312,618
58,4213,324-14954,94810,36910,058
48,6484,4215,352807
4,546
95257,47047,568
23118447304(D)92(D)211
3,918
12,0616,6751,2481,7968609527275503411037720
5,386651193474452604662916719464132118
5,425436
1,21262
1,5241,344848
5,5186,0493,5281,2112,317
10,533408485316
2,06651217418050
2,8608804111954
4221,569
9,9012,4921,4305,980
1986
82,06980,9661,103
6,10013,454
64,0733,687-19560,19111,17810,700
53,0684,8466,159961
5,198
1,10362,97052,432
23719740225(D)
-10(°)234
4,494
13,0057,1951,3681,952881
1,0268285814111638319
5,810687198495490656767995743513144122
5,767414
1,29367
1,6281,433931
5,7996,5444,1181,4102,708
12,244452534321
2,40256420221256
3,2391,0254412255
4462,121
10,5382,4831,5006,554
1987
88,97787,7471,229
6,22214,300
69,7063,975-20465,52612,06411,386
57,7375,2276,7421,0795,663
1,22968,47757,03426422440271(D)11(D)259
4,569
13,7907,6831,4562,132900
1,0648976014414942021
6,107717211522514690795
1,116733533149128
6,265390
1,43462
1,7841,639956
6,2327,1114,5911,5483,042
13,941475578328
2,76362422823762
3,8581,2004882515
4702,374
11,4432,6271,6267,190
Kentucky
1985
40,16839,261906
3,72810,775
28,3331,573218
26,9776,1277,063
22,2492,3013,783751
3,032
90627,42722,632
1401382
1,7721,583138051
1,540
6,5662,6894679232319836845216828031328
3,87717498575358960784455511897272
2,11736170060153380464
1,4932,9421,206550656
4,8561263161025962669110111
2,0463421571244
204372
4,794988789
3,018
1986
41,98541,226759
3,72611,268
29,5091,675360
28,1946,4147,376
23,1902,3623,957603
3,354
75928,75023,755
1431402
1,6351,519
59057
1,720
6,7012,79447610233421040346317225535326
3,90719398556368941809585252067282
2,17932874161186385478
1,5013,1131,330591739
5,43212735010170929911111611
2,2073901671314
212498
4,995985783
3,227
1987
44,94544,019
926
3,72712,059
31,8891,797337
30,4286,8217,696
24,9692,5274,393762
3,632
92630,96225,615
1591563
1,6371,51662059
1,929
7,1442,98249811736523541847719624739930
4,16221594612408960855695662187589
2,35329578161291413511
1,6063,3251,419622797
6,04313637610180032212512611
2,4854451801475
224557
5,3471,046829
3,472
Louisiana
1985
50,63850,341296
4,48511,291
37,1372,134-34934,6557,7858,198
30,2063,0333,899184
3,715
29636,84130,602
17711068
2,8969
2,794589
3,075
5,2173,0994402796416234
1,1886520442
2,117262121023372782904871371601933
3,413224637764410615765
2,2513,7971,903865
1,038
7,873247390234
1,51129120713217
2,4628753191533
286746
6,239925622
4,692
1986
50,53950,185
354
4,49911,233
36,0862,081-27333,7327,9198,889
29,0222,9164,149242
3,906
35435,73229,419
1759679
2,23711
2,125696
2,705
5,0393,124454(°)91449230
1,156658048(D)
1,91527111823172302404521221401733
3,231198638631417573775
2,1133,7241,989877
1,112
8,207226399233
1,50129719614516
2,5969633331633
297836
6,313928652
4,733
1987
51,17450,684490
4,46111,473
36,2932,096-25133,9468,0739,156
28,9952,9424,355372
3,983
49035,80329,380
17510174
1,99012
1,880692
2,530
5,0713,178449(D)106455234
1,169663055(D)
1,89327910862762242284901171282034
3,198171674552406586807
2,0683,6812,018842
1,175
8,650209400231
1,52429817813316
2,8951,0883651643
312834
6,422984700
4,738
Line
123
45
67891011
1213141516
171819202122232425262728
293031323334353637383940414243444546474849505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
38 SURVEY OF CURRENT BUSINESS August 1988
Table 3.—Personal Income by[Millions
Line
123
45
6789
1011
1213141516
171819202122232425262728
293031323334353637383940414243444546474849505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
Income by Place of Residence
Total personal income (lines 6-11)Nonfarm personal incomeFarm income (line 17) *
Population (thousands) 2
Per capita personal income (dollars)
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-84)Less: Personal contributions for social insurance 3 ...-.Plus' Adjustment for residence *Equals: Net earnings by place of residencePlus: Dividends, interest, and rent 5Plus: Transfer payments
Earnings by Place of Work
Components of earnings:Wages and salariesOther labor incomeProprietors' income 6
FarmNonfarm 6
Earnings by Industry
FarmNonfarm
PrivateAgricultural services forestry fisheries and other 7
Agricultural services..Forestry fisheries and other 7
MiningCoal miningOil and gas extractionMetal miningNonmetallic minerals except fuels
Construction
ManufacturingNondnrfblp g°ods
Food and kindred productsTextile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied products . . .Petroleum and coal productsTobacco manufacturesRubber and miscellaneous plastics products . . ..Leather and leather products
Durable goodsLumber and wood productsFurniture and fixturesPrimary metal industriesFabricated metal productsMachinery except electricalElectric and electronic equipmentTransportation equipment excluding motor vehiclesMotor vehicles and equipmentStone, clay, and glass products.Instruments and related products ....Miscellaneous manufacturing industries
Transportation and public utilities . .Railroad transportationTrucking and warehousingWater transportationOther transportation 8 ..Communication . . .Electric, gas, and sanitary services
Wholesale trade. .. .Retail trade . .Finance, insurance, and real estate .
Banking and credit agenciesOther finance, insurance and real estate 9
ServicesHotels and other lodging places .Personal servicesPrivate householdsBusiness servicesAuto repair services and garages <Miscellaneous repair servicesAmusement and recreation servicesMotion picturesHealth servicesLegal servicesEducational servicesSocial servicesMuseums botanical zoological gardensMembership organizationsMiscellaneous services
Government and government enterprisesFederal, civilian . . .MilitaryState and local
Mississippi
1985
24,14323,577
566
2,6139,239
16,769972517
16,3143,0414,787
13,2911,2642,215
4331,781
56616,20412,829
855629
2600
2460
14886
4,2861,673
37198
388230122187940
1767
2,613459310
9725428748844672
1142363
1,16299
3904867
267291
8691,796
749354395
2,73575
14612429015464355
9462107980
0118409
3,375694494
2,187
1986
25,36124,868
493
2,6249,663
17,5251,037
46916,9573,3185,086
13,8421,3262,358
3621,996
49317,03213,487
725121
1810
1650
15906
4,4971,777
381107406257127199940
1997
2,72046833691
26428148050183
1222271
1,17886
4034874
261306
8801,874
831387443
3,06871
1511243301586938
41,012
23684830
118591
3,546691533
2,321
1987
27,01326,210
803
2,62510,292
18,7611,095
49418,1613,4935,359
14,5801,4012,780
6652,115
80317,95814,244
826023
1590
1460
13918
4,7101,849
413113408265134196940
2206
2,86249639310028330046949790
1302578
1,28876
4624985
287328
9101,949
893413480
3,33366
1601243581667037
41,148
2629488
0119635
3,714728555
2,432
North Carolina
1985
73,02971,786
1,243
6,26011,665
56,1193,451-111
52,55710,09010,382
46,1834,1155,8201,0114,810
1,24354,87645,414
22418638
2321
1121
1183,757
16,5949,193
8583,401
994648519
1,08421
913701
547,401
6551,357
278620
1,6201,525
97463437244105
3,865210
1,41329
471829912
3,4675,8332,381
9891,391
9,062252608363
1,68849023816735
2,584510604240
5342935
9,4611,3211,9206,221
1986
78,65477,333
1,321
6,33112,423
60,7393,804-172
56,76310,84111,049
49,8264,4196,4941,0905,404
1,32159,41949,257
23118646
1061
181
1224,227
17,7729,999
9213,7451,045
684568
1,24223
979737
557,773
7481,456
305651
1,6791,495
103494472252118
4,098192
1,47627
562856985
3,6796,3182,7341,1181,616
10,092273678364
1,94853925919544
2,841586657270
6351
1,082
10,1611,3521,9596,850
1987
85,38283,888
1,494
6,41313,314
66,3174,126-202
61,99011,74111,651
54,3944,7527,1721,2505,922
1,49464,82353,954
27522352
1541
131
1404,542
19,04110,8481,0014,1001,072
725605
1,36324
1,079821
568,193
7701,595
306649
1,7831,522
125532497284128
4,498167
1,62726
683939
1,055
4,0846,8423,1461,2801,866
11,372291751369
2,231603283223
443,293
682724307
6364
1,201
10,8681,4182,0097,441
South Carolina
1985
35,78335,550
233
3,33410,734
26,5251,607
44625,3644,7155,704
22,3691,9842,172
1572,016
23326,29320,678
119803987(D)48(D)38
1,861
7,6895,031
2731,921
501504185
1,070139
5514
2,65727881
22933369043110176
26311760
1,669134436
52121372554
1,2602,7061,178
481697
4,10819823318760521499
10311
1,103297149961
168645
5,615967
1,3213,327
1986
38,16237,988
174
3,38111,286
28,3491,749
47427,0745,0456,043
23,9062,0822,360
992,261
17428,17522,145
124873834(D)-6(D)39
2,044
8,0335,274
2892,018
524543198
1,098158
5775
2,75930072
238344719437
9786
27512566
1,69312645153
142383537
1,3162,9291,302
523779
4,670223247188685228105109
101,202
344158113
2174882
6,030973
1,3923,664
1987
41,11040,783
326
3,42512,004
30,7351,878
51929,3765,4096,325
25,8142,2312,690
2472,443
32630,40824,009
141994151(°)5
(D)
452,113
8,6025,612
3132,178
544567217
1,141137
6285
2,99032378
25136578048611111528413067
1,82911549263
175415569
1,4023,1921,411
547864
5,26823826719180625112312111
1,393398174129
2182984
6,4001,0331,4363,931
Tennessee
1985
53,68153,150
531
4,76611,263
40,6962,493
52037,6837,4608,538
32,8353,0844,778
4284,349
53140,16633,929
13312112
285106733572
2,478
10,6955,142
867356709502585
1,3122545
595146
5,552332408460
1,001898806384475379210199
2,872307
1,14830
627605154
2,7914,3272,100
7811,319
8,249329513189
1,54839215618329
3,100452331127
4297599
6,2371,759
3154,163
1986
57,52357,082
440
4,80011,984
43,8442,729
63440,4817,9109,131
35,2593,3125,273
3384,935
44043,40336,828
12210913
210988
3371
2,830
11,2105,331
917382741529644
1,3152740
604132
5,879367419491
1,034920814445541410223215
3,088286
1,22424
778614162
2,9884,6802,391
8521,539
9,310351582189
1,794439183218
283,391
521353140
4313803
6,5751,756
3154,504
1987
62,53361,883
650
4,85512,880
47,9852,959-717
44,3088,5039,722
38,5033,5685,913
5415,372
65047,33540,162
14112714
22690223777
3,113
11,7935,611
961416774581700
1,3363040
636137
6,182409443480
1,044975861492567438231241
3,402264
1,37126
890675176
3,2475,1252,667
9381,729
10,448383645192
1,94448319624430
3,894596382149
5332974
7,1731,930
3344,908
Virginia
1985
82,51182,181
330
5,70114,472
58,4433,2633,216
58,39613,06811,047
49,7124,1374,594
2044,390
33058,11342,870
20517431
828626134
761
4,069
9,9244,944
750671336466677
1,04117
57537834
4,979442373341502422
1,1581,045
2313158169
4,245414835105888
1,282720
3,0735,5712,7611,0761,684
12,196467603319
3,50942720819235
3,16467433626011
5451,445
15,2435,2144,1295,900
1986
89,37288,941
431
5,79515,423
63,8543,6123,278
63,52014,15911,694
54,1414,4675,246
3084,939
43163,42247,344
23519342
653592-11
369
4,842
10,4505,211
781728350495765
1,08019
55640629
5,239497392347517412
1,1791,079
27535411276
4,542399901109
1,0291,337
767
3,3846,1733,1961,2531,943
13,868474662322
4,04247723721835
3,45677937429543
5991,854
16,0785,2224,3276,529
1987
97,51597,001
513
5,90416,517
70,2203,9383,490
69,77115,34012,403
59,5044,8825,833
3845,449
51369,70652,578
27522946
688584253
775,501
11,0485,522
806796354521844
1,13321
58144423
5,526564416364519448
1,2521,100
26038812888
4,852392996120
1,1151,407
823
3,6896,6963,7771,4482,329
16,052538731329
4,83554926124641
3,98592141033946
6622,159
17,1285,5144,4477,167
See footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 39
Major Sources, 1985-87—Continuedof dollars]
West Virginia
1985
19,55319,515
39
1,93610,099
13,250806
-23112,2132,8474,493
10,8761,1771,197
181,179
3913,21210,945
26242
1,7881,603161024650
2,5061,11288114122897792253620
1,39496174832301598142182312313
1,2172472522737229425
6741,298460226234
2,32680144532118867484
1,09716853551
119136
2,26740145
1,821
1986
20,29620,238
58
1,91710,587
13,575835
-26512,4763,0494,770
11,0831,1701,322
381,284
5813,51711,153
24222
1,6621,526110026678
2,5201,104
86(D)38239077121(D)3721
1,416106195152171507348162392013
1,2102172672939228430
6761,353490239251
2,54085157522459673555
1,16319054611
124179
2,36440248
1,914
1987
20,90720,871
36
1,89711,020
13,911860
-21712,8333,1904,884
11,3651,1801,366
161,351
3613,87411,428
28272
1,5761,439109028735
2,5241,11287(D)40259576620(D)4221
1,412118205092151587443172272012
1,2341942802943236452
6841,397520244277
2,72991165522609873544
1,27820856671
130194
2,44742750
1,969
Southwest
1985
318,106314,0614,045
24,31713,081
240,31113,777-302
226,23252,02139,853
194,11818,15428,0393,26924,770
4,045236,266197,3351,1331,038
9613,808267
12,707519316
20,201
37,95413,9212,739124953830
2,2853,3312,325
41,205126
24,0341,056406
1,3972,7155,9024,9233,402946
1,787999502
17,8261,2283,985452
3,3264,1834,652
16,24425,76515,8865,9089,978
48,5181,4482,7301,01811,7122,380946947173
13,3504,2071,2121,00240
1,8695,485
38,9318,2674,53426,130
1986
327,496323,2194,277
24,75313,231
244,70914,249-205
230,25453,94143,300
195,95918,45530,2953,50926,785
4,277240,432199,6961,095985111
11,244395
10,072447331
19,877
37,87114,1482,882127916863
2,3873,4522,174
41,210133
23,7231,053416
1,3052,5765,0565,1273,960835
1,7781,103514
18,0331,1753,978371
3,7614,0584,690
16,17526,12317,0086,27010,738
52,2701,4412,8771,02912,3462,535966
1,026183
14,3274,7121,2821,05646
1,9906,454
40,7368,3164,76927,651
1987
340,131334,3995,732
24,94613,634
252,76614,581-193
237,99255,98746,152
201,08318,95832,7254,92227,803
5,732247,034204,0491,1831,069114
10,090376
8,939437338
18,571
38,72314,5842,965125952902
2,4603,6642,110
21,262142
24,1391,035414
1,2242,5314,8905,4324,341877
1,6971,153545
18,7481,1084,214358
4,1654,1464,757
16,06326,31717,5416,25811,283
56,8141,4552,9961,03813,2532,654982
1,092178
16,2265,4521,4311,16049
2,1136,735
42,9858,8264,96829,191
Arizona
1985
40,95440,502
453
3,16112,955
29,2871,752-75
27,4597,4995,996
24,5082,1412,637302
2,335
45328,83423,758
2041996
528(D)89377(D)
3,010
4,873785192458513009260776
4,08814453243202824
1,1628374420930963
1,7781153852
290528459
1,5553,3842,020809
1,211
6,40532431880
1,35532412014121
1,9355101391698
338623
5,0761,049553
3,474
1986
44,85744,355
501
3,27913,679
32,1571,927-90
30,1408,2046,513
26,8492,3262,982351
2,632
50131,65626,1032282218
403(°)(D)344(D)
3,226
5,2708882166645933710360927
4,38116957243207791
1,2311,0164621933270
1,9131144111
344525517
1,6263,6572,400968
1,432
7,37935735483
1,55940014416225
2,1835981491878
366803
5,5531,062588
3,903
1987
48,46647,770
697
3,38614,315
34,8252,062-10032,6648,7697,033
28,9522,4693,404536
2,868
69734,12928,077
2452379
423(D)(D)340(°)
3,017
5,6029602196636338810870997
4,64219356234214786
1,3421,084
4922937582
2,1191134571
449543555
1,8103,8932,6771,0671,610
8,29143639286
1,63042813918124
2,5617231672179
397902
6,0521,172606
4,273
New Mexico
1985
16,24816,003245
1,45011,203
11,74172518
11,0342,6512,563
9,670879
1,192183
1,009
24511,4968,389
45422
703(D)412116(D)940
8492527316192691946034
5975073828681739333612917
95699208083217349
5291,267517239278
2,5831031214679612546481164716447611
124242
3,108757393
1,957
1986
16,94416,694
250
1,47911,459
12,09175525
11,3602,8242,759
9,930882
1,280190
1,090
25011,8418,61144422
546(°)(D)8459934
8862577618202701743055
629537412664120107295910221
95294204089206358
5231,326559252307
2,8401081294787513148551770517847631
132305
3,230761409
2,059
1987
17,81217,498
315
1,50011,875
12,66578224
11,9072,9552,951
10,340925
1,400252
1,149
31512,3508,924
50482
500(D)(D)
7961892
9212567617233731735065
665539402362131114355511625
97090215095217354
5521,390587260327
3,0631131354793413847609
78220151681
141336
3,427800426
2,200
Oklahoma
1985
40,20939,524
685
3,31612,124
28,5831,765257
27,0766,9376,196
22,3052,1724,107586
3,521
68527,89922,484
99963
2,34646
2,254244
1,715
4,6191,5653141810499244973390
3435
3,0555433120421<
1,0372493014042956575
2,1541005823
455498516
1,7183,0511,511695816
5,271100346102
1,123343958917
1,5904701321343
236490
5,4141,362702
3,350
1986
40,49339,525967
3,30612,249
28,5181,781310
27,0476,8356,610
21,8052,1124,602871
3,731
96727,55121,938
88862
1,867(D)
1,7741(D)
1,635
4,4371,53631118103111244933330
3177
2,90153351213869332363283662947277
2,212975653
525494528
1,5902,9931,552696856
5,56490365101
1,162357919314
1,6795071391473
241577
5,6131,372728
3,513
1987
41,06940,104
965
3,27212,551
28,6411,793335
27,1826,9776,909
21,8482,1414,652864
3,788
96527,67621,927
96942
1,630(D)
1,5451(D)
1,594
4,3911,553318201041072451003380
3147
2,83856351153719092243133642997675
2,240915803
545493528
1,5362,9591,542649894
5,93876369100
1,24036810110115
1,8345641521593
250607
5,7491,440793
3,516
Texas
1985
220,694218,0322,662
16,38913,466
170,6999,535-502
160,66334,93525,097
137,63512,96120,1032,19717,906
2,662168,037142,705
78570084
10,23165
9,95223190
14,537
27,61211,3182,160
86772677
1,6713,1231,934
3781111
16,294809313996
2,0633,9743,3392,171465
1,222596347
12,938915
2,811447
2,4982,9393,328
12,44218,06411,8384,1667,672
34,258920
1,946789
8,4371,588684667124
9,1793,06289363829
1,1724,131
25,3335,0982,88617,348
1986
225,203222,6452,558
16,68913,494
171,9429,786-450
161,70736,07727,419
137,37613,13521,4312,09819,333
2,558169,385143,044
73563699
8,428194
8,01517202
14,082
27,27911,4672,280
85730690
1,7353,2401,793
4796115
15,812778317899
1,9573,2683,5402,509394
1,206597346
12,956869
2,797366
2,8032,8343,287
12,43518,14712,4964,3538,142
36,486886
2,029798
8,7511,648682717127
9,7603,42994765933
1,2524,768
26,3405,1213,04418,175
1987
232,783229,0273,756
16,78913,866
176,6359,944-452
166,23837,28729,258
139,94313,42323,2693,27119,998
3,756172,879145,121
791689101
7,537192
7,12416205
13,068
27,80911,8152,351
82762729
1,7543,4391,731
2843123
15,994734314835
1,9233,1333,7352,829429
1,114586363
13,418814
2,962353
3,0762,8943,320
12,16418,07512,7364,2838,453
39,522830
2,100804
9,450. 1,719
697751130
11,0493,9631,06271735
1,3264,890
27,7585,4133,14319,202
Rocky Mountain
1985
91,45090,2511,199
7,21612,673
68,3684,028
4664,38615,14411,920
55,5814,9567,831710
7,121
1,19967,16954,29035231933
3,340698
1,923444276
5,551
9,9153,2111,194
81221867595341660
19746
6,704806121370499
1,387969
1,04499478788143
6,028795
1,4543
9891,5951,192
4,1527,1144,0041,6192,386
13,833511740128
2,82772032341379
3,8641,0214583148
7311,696
12,8783,2641,3298,285
1986
94,84793,0741,773
7,25713,070
70,5644,180
5266,43615,61812,793
56,5994,9329,0331,3017,733
1,77368,79155,31532229427
2,694654
1,360392288
5,436
10,0973,3131,252
81241977845351630
20544
6,784809117290483
1,429970
1,16196466814149
6,010I 7051,453
31,1031,5271,219
4,1227,2634,3271,7362,591
15,045505784128
3,07276334945686
4,1901,1444793419
7721,968
13,4763,2921,4238,761
1987
98,53496,2782,256
7,27413,546
72,7344,275
8468,54316,34313,648
57,8225,0479,8651,7718,094
2,25670,47856,45835232032
2,397601
1,075440282
4,902
10,4023,4671,346
71251998385331600
21741
6,935844119236451
1,732968
1,29091427614164
6,235626
1,5243
1,1551,7191,208
4,1617,3734,5691,7792,790
16,067494807129
3,29078534748486
4,6661,2885123659
8201,985
14,0203,4531,4879,080
Line
123
45
67891011
1213141516
171819202122232425262728
293031323334353637383940414243444546474849505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
40 SURVEY OF CURRENT BUSINESS August 1988
Table 3.—Personal Income by[Millions
Line
123
45
6789
1011
1213141516
171819202122232425262728
293031323334353637383940414243444546474849505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
Income by Place of Residence
Total personal income (lines 6-11)Nonfarm personal incomeFarm income (line 17) l
Population (thousands) 2
Per capita personal income (dollars)
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-84)Less.' Personal contributions for social insurance 3
Plus: Adjustment for residence 4 ...Equals' Net earnings by place of residencePlus' Dividends interest and rent 5Plus' Transfer payments
Earnings by Place of Work
Components of earnings:Wages and salariesOther labor incomeProprietors' income 6
FarmNonfarm 6
Earnings by Industry
FarmNonfarm .
Private . . . . . .Agricultural services, forestry, fisheries, and other 7..
Agricultural servicesForestry, fisheries and other 7
MiningCoal miningOil and gas extractionMetal miningNonmetallic minerals except fuels
Construction
ManufacturingNondurable goods
Food and kindred productsTextile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal productsTobacco manufactures ,Rubber and miscellaneous plastics productsLeather and leather products ,
Durable goods ,Lumber and wood products ,Furniture and fixturesPrimary metal industriesFabricated metal productsMachinery, except electricalElectric and electronic equipmentTransportation equipment excluding motor vehiclesMotor vehicles and equipmentStone, clay, and glass productsInstruments and related productsMiscellaneous manufacturing industries ....
Transportation and public utilities ,Railroad transportationTrucking and warehousingWater transportationOther transportation 8
CommunicationElectric gas and sanitary services
Wholesale trade ..Retail tradeFinance, insurance, and real estate
Banking and credit agenciesOther finance insurance, and real estate 9
ServicesHotels and other lodging placesPersonal servicesPrivate householdsBusiness servicesAuto repair, services and garagesMiscellaneous repair servicesAmusement and recreation servicesMotion picturesHealth servicesLegal servicesEducational servicesSocial servicesMuseums, botanical, zoological gardensMembership organizationsMiscellaneous services
Government and government enterprisesFederal civilianMilitaryState and local
Colorado
1985
47,46146,875
586
3,23314,678
36,1122,022-31
34,0597,9445,458
29,4842,6114,016
4483,568
58635,52529,324
175168
71,580
2161,154
13327
2,850
5,4631,728
6046
4457
49629838
014342
3,7348658
116282790694577
57293704
77
2,991222568
0706
1,017478
2,2543,7392,525
9141,610
7,747295407
701,726
36114527435
2,022622192168
3161,109
6,2011,439
8203,942
1986
49,36448,709
656
3,26615,114
37,3862,122-33
35,2318,2715,863
30,3162,6324,438
5213,917
65636,73030,195
170161
91,267
19586917231
2,815
5,6391,787
649(D)4558
50829739(D)
14537
3,853915799
27184069366251
285722
82
3,023193571
1785987487
2,2383,8492,738
9981,740
8,45529643371
1,89038616130036
2,200703198188
5338
1,250
6,5361,457
8794,200
1987
51,36950,574
794
3,29615,584
38,5222,169-37
36,3168,7576,296
31,0352,7004,787
6544,133
79437,72730,837
179168
101,067
18366518832
2,571
5,8081,872
703(D)4957
54929438(D)
14734
3,936995775
2411,150
677734
4026151687
3,209164586
1798
1,182477
2,3033,8982,8871,0381,849
8,91429245171
1,99740116331835
2,397784211196
3621,232
6,8911,540
9124,439
Idaho
1985
10,86310,373
490
1,00410,823
7,76952171
7,3191,8491,695
5,867528
1,374345
1,029
4907,2805,920
806812
1500
169836
648
1,360625337
04
6969
12300
212
735412
92
421566996
2137
603113213
238
118119
423819338155183
1,4993888(D)
372904224
4423
924233(D)78
158
1,360302132926
1986
11,19210,640
552
1,00211,172
7,97953871
7,5121,8881,792
5,929522
1,528409
1,118
5527,4276,021
72648
11300
7339
653
1,351627328
05
7371
12400
223
724412
72
441446898
1938
58897
2112
44114120
426835357158199
1,6263892(°)
3869648(D)(D)
4519945360
82204
1,406302146959
1987
11,84711,130
717
99811,868
8,46056084
7,9841,9701,894
6,170545
1,745567
1,178
7177,7436,262
867610
10302
6041
639
1,436648345
15
7575
12300
213
789436
72
4515686149
1949
58783
2213
47114120
441864379159220
1,7273591(D)
3999746(D)(D)
51311147390
85213
1,481319154
1,007
Montana
1985
9,0959,092
3
82511,021
5,953421
125,5441,9081,643
4,764427761
-111872
35,9504,624
37289
23363
1083230
422
552203
5908
32391843(D)
2(D)
349221
4501411813
2629
710165224
047
121153
367748274136138
1,283557314
1557832245
4939431431
77107
1,32632897
901
1986
9,5839,224
359
81711,726
6,32642911
5,9081,9151,760
4,736409
1,181254927
3595,9674,624
30236
19560644032
413
548209
62(D)9
3440194102
(D)339221
4421412413
2629
703154225
055
110158
344732284139145
1,376547714
1698234(D)(D)
5171053245(D)77
135
1,343321104917
1987
9,9929,535
457
80912,347
6,592442
116,1611,9791,852
4,844423
1,325353972
4576,1354,741
33267
19754585629
386
54920863(D)8
34421838
03
(D)341222
4461312413
223
10
706148228
056
110: 164
346748296138158
1,480547914
1808337(D)(D)
5711223450(D)79
141
1,394344112938
Utah
1985
17,49617,405
91
1,64410,642
13,54580474
12,8152,3302,352
11,3071,0451,194
451,148
9113,45410,584
4240
23801291329325
1,080
2,344549173
16527
1298441(D)28(D)
1,7946649
19715240819745433
1137848
1,193160316
0164265288
8801,339
692317374
2,63568
127(D)
480145717632
76515818344(D)
223244
2,8701,011
1891,670
1986
18,25318,100
153
1,66410,968
14,06484172
13,2942,4302,529
11,6501,0471,367
1081,258
15313,91110,882
3433
2303130707627
1,033
2,359581189
16432
1398241(D)32(D)
1,7786049
14114541320348535
1138648
1,195136324
0186248302
9091,398
771346424
2,88158
136(D)
536152738238
84717819446(D)
237284
3,0291,026
2001,803
1987
19,09518,898
197
1,68011,366
14,62787170
13,8262,5482,721
12,0691,0801,478
1511,327
19714,43011,332
3735
230912159
10624
937
2,404626213
36333
1488241(D)43(D)
1,7785950
10814439520053739
1029055
1,240113359
0222248299
8941,436
834355479
3,24259
143(D)
626159758740
990210209
52(D)
256316
3,0981,053
2091,837
Wyoming
1985
6,5366,507
29
51012,827
4,98926180
4,6491,115
773
4,159345486-18504
294,9603,839
19163
99729051138
158551
19710622010
261143
030
9122
05
1021130
2612
531136133
03374
154
2294701779680
66956451093463315
q
1615410271
3779
1,12118490
847
1986
6,4556,401
54
50712,723
4,810250
-694,4911,113
850
3,967322520
9512
544,7563,594
16143
81627035731
158522
20010924
010
251343031
9024
06
1020230
2312
502125123
03368
152
205449177
9484
707594610914633173
1755810271
3895
1,16218695
881
1987
6,2316,140
91
49012,709
4,534232
-454,2571,089
885
3,70430053146
484
914,4423,286
17152
72024329130
156369
20511423010
251644
031
9228059
19240
2212
493119130
03166
148
1784271738885
70555439
87452718-2
1956211281
3983
1,157197101859
D Not shown to avoid disclosure of confidential information; estimates are included in totals. 3. Personal contributions for social insurance are included in earnings by type and industry but1. Farm income consists of proprietors' net income; the cash wages, pay-in-kind, and other labor excluded from personal income.
income of hired farm workers; and the salaries of officers of corporate farms. 4. U.S. adjustment for residence consists of adjustments for border workers: Earnings of U.S.2. Midyear population estimates of the Bureau of the Census. residents commuting outside U.S. borders to work less earnings of foreign residents commuting
inside U.S. borders to work plus certain Caribbean seasonal workers.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 41
Major Sources, 1985-87—Continuedof dollars]
Far West 10
1985
531,841524,3807,460
34,39315,463
389,25123,191
227366,28890,893
.. 74,660
314,04429,73045,4775,14340,334
7,460381,791319,0663,0532,505548
3,17651
2,485271368
24,705
77,03820,3475,755321
1,7092,1764,3282,5891,743
11,604121
56,6914,2911,2792,0814,5978,56014,21813,5311,1671,7854,0731,108
25,8661 4465,9661,1615,4687,6194,206
24,87839,51925,0809,59915,482
95,7514,0404,0011,41322,4544,4832,1323,3603,59025,2987,1002,8551,894
873,3699,674
62,72512,2887,86642,571
1986
570,474562,3648,110
35,13316,237
420,21725,245
131395,10395,55579,816
337,47731,36551,3755,79345,582
8,110412,107345,6053,2272,515712
2,07053
1,304312401
27,496
80,72321,3565,916355
1,8782,2834,6582,6981,704
11,731132
59,3674,4971,3092,0944,6288,60814,48315,1991,1751,8934,3561,125
27,4921,3366,'2681,2086,5287,6144,539
26,70242,22729,24910,80018,449
106,4204,3044,3261,43525,0684,8902,1773,8703,76627,5188,1822,9222,154101
3,54212,165
66,50112,3558,14346,002
1987
618,513609,3019,211
35,93317,213
457,80227,250
49430,602103,02684,885
367,61533,79856,3896,74649,643
9,211448,591377,2093,7292,900830
2,28952
1,424410404
30,191
85,46223,0026,198405
2,1612,3955,1332,9141,685
11,975135
62,4604,8851,4272,1424,6328,90115,22516,1531,2672,0064,5981,224
28,7441,2366̂ 8271,2766,8867,7444,775
27,95844,99133,36811,78521,583
120,4754,8564,7231,47228,3495,2922,2004,2994,42331,5259,8503,1142,479115
3,79913,981
71,38213,1098,36149,912
California
1985
422,142416,3645,778
26,35816,016
311,31618,532
250293,03471,78057,328
250,45524,15836,7023,96832,734
5,778305,538257,0602,3752,188187
2,663(D)
2,295(D)261
19,964
61,96316,4164,533271
1,5761,1873,5992,0841,636
11,420109
45,5471,4231,1521,2754,0327,55713,4859,948950
1,4803,337906
20,119948
4,438796
4,3826,1863,369
19,97431,25621,0527,98413,068
77,6941,9683,1031,23119,3283,6021,7522,4503,52920,241, 5,8612,4251,453
772,6128,062
48,4789,3026,34632,831
1986
453,404447,4985,906
27,00116,792
336,44920,214
203316,43875,39661,570
269,66225,55841,2294,09337,136
5,906330,542278,7922,4252,199225
1,710(D)
1,308(D)288
22,220
64,58517,2544,669305
1,7441,2583,8732,1731,594
11,521115
47,3311,5591,1761,3114,0487,56213,71110,944942
1,5773,589912
21,518876
4,665847
5,3006,1823,647
21,55533,49024,7489,00215,745
86,5422,1183,3611,25221,5843,9351,7522,9083,70021,9976,7912,4791,673
892,74310,160
51,7509,3866,58935,774
1987
492,989486,2386,750
27,66317,821
367,65621,868
183345,97181,58665,431
294,69127,60445,3614,81540,546
6,750360,905305,2202,7902,527263
1,802(D)
1,386(°)289
24,577
68,52918,6634,898345
2,0211,3294,2752,3741,571
11,733117
49,8671,7741,2871,3464,0357,88114,38711,696959
1,6633,852987
22,450808
5,087876
5,5806,2693,830
22,50935,69228,4429,88718,555
98,4292,4113,6981,28524,3244,2731,7463,2764,34725,3508,2862,6281,947101
2,95311,803
55,6859,9106,77139,003
Nevada
1985
13,79113,761
30
94014,671
10,342478
-2469,6182,2961,878
8,9876177399
729
3010,3128,702
41328
233o3415544808
5291633625369222(D)24(D)36519639306868717431850
760531233
210179192
3901,110476188289
4,3551,75113227640107415588
5661431731093243
1,610286217
1,107
1986
14,94914,912
37
96715,453
11,185519
-26310,4042,4722,073
9,68866583217815
3711,1489,453
433310233o5
18543935
5511793825377242(D)29(°)37222835326764420462154
813451283
252. 178207
4211,177537219318
4,7441,86513727697119465788
67015918330
101286
1,695296221
1,178
1987
16,48416,427
57
1,00716,366
12,426571
-30511,5502,6892,246
10,75873093936902
5712,36910,524
49381131701126442
1,018
5882033915391241(D)37(D)38525114033656584512361
878371465
283181226
4981,300585236349
5,2902,10514628751132496011678919522381
113303
1,845328231
1,287
Oregon
1985
33,95533,328
627
2,68912,628
23,9021,586-21222,1056,2185,632
18,9071,8753,120441
2,679
62723,27519,209
1979410394(D)55(D)27
1,193
5,3361,29347830363532526112(D)64(D)
4,0431,785
502962784493471381438441657
1,88819767373181410354
1,7042,6521,199466733
4,9451372635884728912110318
1,7503821561596
241415
4,06681199
3,157
1986
35,77835,001777
2,70213,239
25,3331,691-19723,4456,5135,820
19,9271,8743,532592
2,940
11124,55620,390
2129411835(D)-5(D)29
1,310
5,5321,351488(D)383672656116077(D)
4,1821,824
533002764603561951409142958
1,92018171074207383366
1,7882,8061,315500815
5,4721452865895631614311119
1,8824251641797
252529
4,166810112
3,244
1987
38,24537,327
918
2,72414,041
27,2331,805-22625,2016,9016,143
21,3382,0083,886724
3,163
91826,31521,869
25211214049(D)
8(D)31
1,367
5,8381,447510(D)413822956616089(D)
4,3901,932
5434227848740318215910038469
2,03016677179234392387
1,8692,9521,452522930
6,06015930059
1,08433715412320
2,1114781792007
268580
4,446879112
3,456
Washington
1985
61,95360,9271,026
4,40614,060
43,6922,595435
41,53210,6009,822
35,6963,0804,916724
4,192
1,02642,66634,096440191249185341011337
2,740
9,2112,4757081992633407422940965
6,7361,064
70470257485318
3,4385717830295
3,099248732290695843292
2,8094,5022,353961
1,392
8,75718550398
1,63948621724935
2,7427142572514
423954
8,5701,8891,2055,476
1986
66,34364,9531,389
4,46314,866
47,2502,821388
44,81711,17310,353
38,2003,2685,7821,0914,691
1,38945,86036,970
54818935993(D)-4(D)41
3,031
10,0552,572721(D)9165544243992(D)105(D)
7,4831,09372447272520352
4,05674179318101
3,240234765284769870318
2,9384,7542,6501,0791,571
9,66117554298
1,83252123627340
2,9698082612685
4451,189
8,8901,8631,2215,807
1987
70,79569,3091,486
4,53815,599
50,4873,005398
47,88011,85011,065
40,8283,4576,2031,1715,032
1,48649,00139,596
638223415120(D)
18(D)42
3,229
10,5072,689751(D)9468147144997(D)116(D)
7,8181,153
75415286468370
4,266145192339106
3,386225823316789902332
3,0825,0472,8891,1401,749
10,697180578100
2,19055025029940
3,2758912852956
4651,295
9,4051,9921,2476,166
Alaska
1985
9,7779,768
9
52218,726
8,721549
-5427,630949
1,199
7,1306089837
976
98,7126,09713511123643(D)602(D)7
1,213
349244132(D)12647211601(D)10567107404(D)19(D)2
806o11753308213114
310797382165217
1,46282778
3137248229
296982280180255
2,615514476
1,625
1986
9,7809,765
15
53218,378
8,421521459
7,441993
1,346
6,808577
1,03612
1,023
158,4065,7221889
17865111614225
948
3632561380132461919010
10777(D)05303015(D)2
750o9842300201109
283731387169218
1,42182738
2776846278
301952484183244
2,684527500
1,657
1987
9,5769,561
15
52518,230
8,050497
-4227,131991
1,454
6,438571
1,04113
1,028
158,0365,3612009
19061710571325
782
3952731540138401918010
12295(D)05204014(D)2
72418937300194104
252678352150202
1,36080708
2556542268
302972683082216
2,675550538
1,587
Hawaii
1985
14,57614,316260
1,05113,867
10,991678
10,3132,1892,074
9,183759
1,050109941
26010,7327,300
49381022
2101
658
527424200(D)356
140122403(D)103891174115(D)37(D)11
903
8377395245103
4431,263744246497
2,69051810833424110348518650217105607
110213
3,432966
1,2741,192
1986
15,63415,336.298
1,06514,683
11,836716
11,1202,3192,195
9,781842
1,214146
1,067
29811,5388,013
554313-2
-301
773
5454332094396
1351224031
1128(D)1204216139(D)
11
983
9077452251113
4661,348844279565
3,00155811833492119399519704238120667
116277
3,525950
1,2991,277
1987
16,97216,652
321
1,08315,679
12,919778
12,1412,5062,326
10,669941
1,309159
1,150
32112,5998,933
6549167
205
904
5674482154387
1401227031
1199(")0213316140(D)12
1,105
9794524269120
5061,518927300627
3,334620127335421314310620788281130748
124310
3,666990
1,3251,351
Line
123
45
67891011
1213141516
171819202122232425262728
293031323334353637383940414243444546474849505152
53545556575859
6061626364
65666768697071727374757677787980
81828384
5. Includes the capital consumption adjustment for rental income of persons.6. Includes the inventory valuation and capital consumption adjustments.7. 'Other' consists of the wages and salaries of U.S. residents employed by international organi-
sations and by foreign embassies and consulates located in the United States.
. Includes local, interurban, and highway passenger transit, transportation by air, pipelines(except natural gas), and transportation services.
9. Includes security and commodity brokers and services; insurance carriers, agents, brokers,and services; real estate; holding and other investment companies; and combinations of the above.
10. Far West Region totals do not include Alaska and Hawaii.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
U.S. Direct Investment Abroad: Detail for Position and Balanceof Payments Flows, 1987 Table 1.—U.S. Direct Investment Position Abroad
The following 30 tables contain BEA's country-by-indus-try estimates, and estimates by detailed account, of the po-sition and related capital and income flows for U.S. directinvestment abroad. They also contain estimates of the po-sition, capital flows, and income for all countries and forall industries in which there was investment.
Summary position and flow estimates, and analyses ofthe estimates, were published in the June SURVEY OF CUR-RENT BUSINESS. Two other articles on U.S. direct invest-ment abroad—"Capital Expenditures by Majority-OwnedForeign Affiliates of U.S. Companies, 1988" and "U.S.Multinational Companies: Operations in 1986"—appearedin the March and June SURVEYS, respectively.
Tables for 1986 and 1987 that show subtotals for Euro-pean Communities and for Other Europe differ from thecorresponding tables for 1985. In 1986, Portugal and Spainbecame members of the European Communities; thus, inthe tables for 1986 and 1987, estimates for Portugal andSpain are included in the subtotal for European Commu-nities rather than in that for Other Europe.
NOTE.—The quarterly survey from which the annual estimates of U.S.direct investment abroad were derived was conducted by Patricia C.Walker, Chief, U.S. Direct Investment Abroad Branch. Patricia E. Di-Venuti, Richard J. McDermott, Mark New, and Dwayne Torney assistedin preparing the estimates. Smith W. Allnutt III, Chief, Data Retrievaland Analysis Branch, designed the computer programs for data retrievaland tabular presentation.
All areasPetroleumManufacturingOther
Developed countriesPetroleumManufacturingOther
CanadaPetroleumManufacturingOther
EuropePetroleumManufacturingOther
OtherPetroleumManufacturing ,Other
Developing countriesPetroleumManufacturingOther
Latin AmericaPetroleumManufacturingOther
OtherPetroleumManufacturingOther
Direct investment position
Millions of dollars
1985
230,25057,69594,70077,855
172,05836,60575,56459,889
46,90910,46921,83114,609
105,17121,73945,37538,058
19,9784,3978,3587,223
52,76416,53319,13617,096
28,2614,708
14,7338,820
24,50411,8254,4038,276
5,428
1986
259,56261,731
104,87792,954
194,69139,47985,01570,197
49,99410,92223,40615,665
122,16523,80351,98846,374
22,5324,7549,6208,157
60,27018,49519,86221,913
34,7905,714
14,78514,291
25,48012,7805,0787,622
4,602
1987
308,79366,381
126,640115,772
233,31543,762
104,75984,794
56,87911,93125,80019,148
148,95425,78567,47555,693
27,4826,046
11,4839,953
71,17419,00921,88130,284
42,3375,771
15,90220,664
28,83713,2385,9799,620
4,304
Change
Millions of dollars
1986
29,3124,036
10,17815,098
22,6332,8749,451
10,308
3,085453
1,5751,057
16,9942,0646,6148,316
2,554357
1,263935
7,5051,962
7264,817
6,5291,006
515,471
977956675654
826
1987
49,2314,650
21,76322,818
38,6254,283
19,74414,597
6,8851,0092,3943,483
26,7891,982
15,4879,319
4,9511,2921,8631,796
10,904514
2,0198,372
7,54757
1,1176,373
3,357457902
1,998
298
Percent
1986
12.77.0
10.719.4
13.27.9
12.517.2
6.64.37.27.2
16.29.5
14.621.9
12.88.1
15.112.9
14.211.93.8
28.2
23.121.4
.362.0
4.08.1
15.379
15 2
1987
19.07.5
20.824.5
19.810.823.220.8
13.89.2
10.222.2
21.98.3
29.820.1
22.027.219.422.0
18.12.8
10.238.2
21.71.07.6
44.6
13.23.6
17.826.2
-6.5
* Less than 0.05 percent (±)
Table 2.—U.S. Direct Investment Position Abroad by Account[Millions of dollars]
All areasPetroleum .. .ManufacturingOther
Developed countriesPetroleum....Manufacturing ..Other
CanadaPetroleumManufacturingOther
EuropePetroleumManufacturing ..Other:
OtherPetroleumManufacturingOther
Developing countriesPetroleumManufacturing . . . .Other
Latin AmericaPetroleum.. .ManufacturingOther
Other. ...PetroleumManufacturingOther
International
1986
Total
259,56261,731
104,87792,954
194,69139,47985,01570,197
49,99410,92223,40615,665
122,16523,80351,98846,374
22,5324,7549,6208,157
60,27018,49519,86221,913
34,7905,714
14,78514,291
25,48012,7805,0787,622
4,602
Equity l
270,34856,55395,277
118,519
175,09133,95177,13064,010
45,13810,19221,23413,712
110,83319,45247,37044,011
19,1204,3088,5256,287
90,34018,57218,14753,622
64,3075,274
12,49446,538
26,03413,2985,6527,084
4,917
Intercompany debt
Total
-10,7865,1789,601
25565
19,6005,5287,8856,187
4,856731
2,1721,953
11,3324,3514,6182,363
3,412446
1,0951,870
-30,071-77
1,716-31,709
-29,517440
2,290-32,248
-554-517-575
538
-315
U.S.parents'
receivables
55,34415,22618,64821,471
35,9188,452
14,07913,386
8,4591,0384,7832,638
22,5476,5007,8878,160
4,912914
1,4102,588
18,7286,2304,5687,930
10,2841,3533,0325,899
8,4454,8771,5372,031
698
U.S.parents'payables
66,13010,0479,047
47,036
16,3182,9246,1947,200
3,603307
2,611685
11,2152,1493,2695,797
1,501468315718
48,7996,3072,853
39,639
39,801913741
38,147
8,9985,3952,1111,492
1,013
1987
Total
308,79366,381
126,640115,772
233,31543,762
104,75984,794
56,87911,93125,80019,148
148,95425,78567,47555,693
27,4826,046
11,4839,953
71,17419,00921,88130,284
42,3375,771
15,90220,664
28,83713,2385,9799,620
4,304
Equity 1
313,26461,068
117,543134,653
210,61937,85196,59676,172
50,92211,11123,95015,861
136,41321,45862,35352,602
23,2855,282
10,2937,709
98,12219,45620,94757,719
68,5875,551
14,08748,949
29,53513,9056,8608,770
4,522
Intercompany debt
Total
-4,4715,3149,097
18882
22,6975,9118,1638,622
5,958820
1,8513,287
12,5414,3275,1233,092
4,198764
1,1902,244
-26,948-447
934-27,435
-26,251220
1,815-28,285
698-668-881
850
-219
U.S.parents'
receivables
58,53714,17319,89724,467
39,9827,956
15,66516,360
9,8161,0744,9213,821
24,5005,8999,1999,403
5,666984
1,5453,136
17,8505,6194,2327,999
9,9351,2282,8145,893
7,9154,3911,4182,106
705
U.S.parents'payables
63,0078,860
10,79943,348
17,2852,0457,5027,738
3,858254
3,070535
11,9591,5724,0766,311
1,468220355893
44,7986,0673,298
35,434
36,1851,008
99934,178
8,6135,0592,2981,255
924
1. Includes capital stock, additional paid-in capital, and retained earnings.
42
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 43
Table 3.—Change in the U.S. Direct Investment Position Abroad by Account[Millions of dollars]
All areasPetroleum ....ManufacturingOther
Developed countriesPetroleumManufacturingOther
CanadaPetroleumManufacturingOther .
EuropePetroleumManufacturingOther
OtherPetroleumManufacturing.Other
Developing countriesPetroleumManufacturingOther
Latin AmericaPetroleumManufacturingOther
OtherPetroleumManufacturingOther
International
All areasPetroleumManufacturingOther
Developed countries . .PetroleumManufacturingOther
CanadaPetroleumManufacturingOther
Europe ....PetroleumManufacturingOther
OtherPetroleumManufacturingOther
Developing countriesPetroleum !ManufacturingOther
Latin America...PetroleumManufacturingOther
OtherPetroleumManufacturingOther
International
Total
Capital outflows
Total
Equity capital
Net Increases Decreases
Reinvestedearnings
Intercompany debt
NetIncreasesin U.S.parents'
receivables
Increasesin U.S.parents'
payables l
Valuationadjust-ments
1986
29,3124,036
10,17815,098
22,6332,8749,451
10,308
3,085453
1,5751,057
16,9942,0646,6148,316
2,554357
1,263935
7,5051,962
7264,817
6,5291,006
515,471
977956675
-654
-826
27,8113,9649,838
14,010
19,8032,6648,9418,199
2,644372
1,491781
15,3762,0296,5116,835
1,783262939583
8,8042,067
8975,839
7,3601,076
4255,859
1,443991472-20
-795
2741,541
-3,2161,950
-682679
-2,9771,616
-273320
-315-277
282272
-2,5021,948
-12787
-159-54
966887240318
29246312743
673424
-113362
-10
12,2263,0641,4357,727
6,8371,1271,0764,634
1,02946391
475
5,052577530
3,945
75687
455213
5,3611,931
3593,071
3,308570309
2,429
2,0531,361
50642
28
11,9521,5244,6525,777
7,519448
4,0533,018
1,302143406752
5,334304
3,0321,998
8831
614268
4,3951,044
5992,753
3,016107436
2,473
1,380937163280
38
19,709470
11,1588,080
18,6801,546
10,2536,881
2,076-3911,4651,002
14,1921,3167,7545,123
2,412621
1,034756
1,677476905
1,248
1,933239396
1,298
-256-715
508-49
-649
7,8281,9531,8973,979
1,805438
1,664-298
84144334156
1,465441
1,259-235
-502-446
64-119
6,1611,656
2324,272
5,135374156
4,605
1,0261,282
76-333
-137
709-2,369
2,443635
1,690-6951,759
627
971205706
59
859701
1,058502
-139-200
-566
8711 633
68478
294-310
209395
-1,164-1,323
476-317
-111
7 120-4,322
546-3,344
-114-1,134
94925
130-238
3653
-606-1,142
202737
362246
-69185
-7,0323290
4524 194
4 842-684
524 210
2 1902606
40016
26
1,50173
3391,089
2,830210510
2,109
4418184
276
1,61835
1031,481
77195
324352
-1,299-106-1711 022
-832-70
-374-388
467-36203634
31
1987
49,2314,650
21,76322,818
38,6254,283
19,74414,597
6,8851,0092,3943,483
26,7891,982
15,4879,319
4,9511,2921,8631,796
10,904514
2,0198,372
7,54757
1,1176,373
3,357457902
1,998
298
44,4554,657
20,08719,711
34,1094,109
18,30211,698
6,358920
2,3513,087
23,7241,896
14,1307,698
4,0271,2931,821
912
10,507564
1,7858,159
7,16615
9636,188
3,341549822
1,971
161
2,4701,589
205676
7721,253
116597
40826
188245
79860911772
433670
-189-915
1,71830889
1,321
392-14
77328
1,325322
11993
-20
11,3662,8081,8706,687
6,7381,8831,4393,416
1,24652
298895
4,4841,1391,0842,261
1,00869257
260
4,600898431
3,271
2,31528
3341,953
2,28687098
1,318
27
8,8961,2191,6656,011
5,966629
1,3234,014
83878
110650
3,686530967
2,189
1,44222
2451,175
2,882590343
1,950
1,92241
2561,625
96054986
325
48
35,6692,933
20,38512,352
30,2402,473
17,9089,859
4,848856
2,4841,508
21,7181,311
13,5086,898
3,674306
1,9151,454
5,667626
2,4782,563
3,507249
1,3611,897
2,160377
1,116666
-237
6,315135503
6,684
3,097383278
2,436
1,10290
3221,334
1,20924
505728
78631895
373
3,122-370-7824,274
3,267-220-4753,962
-144-150-306
312
96
3,192-1,052
1,2492,996
4,064496
1,5862,974
1,35736
1381,183
1,953-6011,3131,242
75370
135548
-879-611-336
69
-349-125-218
6
530-486-119
75
7
-3,123-1,188
1,753-3,688
967-8791,308
538
255— 54460
-151
745577808514
-3324840
175
-4,001-240
445-4,206
-3,61695
258-3,969
-386336187237
-89
4,7767
1,6763,107
4,516174
1,4422,900
5288943
395
3,06486
1,3571,621
924-142
884
39849
234213
38242
154186
16-91
8027
-138
1. An increase in U.S. parents' payables is a decrease in intercompany debt and, thus, a capital inflow.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
44 SURVEY OF CURRENT BUSINESS August 1988
Table 4.—U.S. Direct Investment Abroad: Earnings and Reinvestment Ratios[Millions of dollars or ratio]
All areasPetroleumManufacturing. .Other
Developed countries..Petroleum.,... . ...... ' . ..Manufacturing ... ... .Other
Canada , ......Petroleum, ... .... ... .Manufacturing... . .Other . ...
EuropePetroleumManufacturingOther
OtherPetroleum...ManufacturingOther ,
Developing countries .. . ......Petroleum .ManufacturingOther .... .... . .
Latin America..PetroleumManufacturing.. ,Other
Other ,Petroleum .. ......Manufacturing....Other
International ,.. ..
1986
Earnings
Total
43,1588,271
18,58616,301
32,6726,327
16,01410,331
5,147905
2,7651,477
23,1264,239
11,2847,6,03
4,3981,1821,9651,251
10,9052,3422,5725,991
7,525654
1,7365,136
3,3791,688
836855
-41»
Distributed
23,4497,8017,4288,220
13,9914,7805,7613,450
3,0711,2961,300
475
8,9342,9233,5302,480
1,986561931494
9,2282,8181,6674,743
5,593415
1,3403,838
3,6352,403
328904
230
Reinvested
19,709470
11,1588,080
18,6801,546
10,2536,881
2,076-3911,4651,002
14,1921,3167,7545,123
2,412621
1,034756
1,677-476
9051,248
1,933239396
1,298
-256-715
508-49
-649
Reinvest-mentratio l
.46
.06
.60
.50
.57
.24
.64
.67
.402
.53
.68
.61
.31
.69
.67
.55
.53
.53
.60
.152
.35•21
.26
.37
.23
.25
22
.612
2
1987
Earnings
Total
55,9708,095
27,51320,362
43,7655,591
23,68614,487
6,9781,4403,5601,978
31,2393,227
17,47210,541
5,548924
2,6551,969
12,2842,5683,8275,889
7,182490
2,3144,37T
5,1032,0781,5121,512
80
Distributed
20,3005,1627,1288,010
13,5253,1185,7794,628
2,130584
1,075470
9,5221,9153,9643,643
1,874619740
: 515
6,6181,9421,3493,326
3,675241953
2,481
2,9431,701
396846
157
Reinvested
35,6692,933
20,38512,352
30,2402,473
17,9089,859
4,848856
2,4841,508
21,7181,311
13,5086,898
3,674306
1,9151,454
5,667626
2,4782,563
3,507249
1,3611,897
2,160377
1,116666
-237
Reinvest-mentratio l
.64
.36
.74
.61
.69
.44
.76
.68
.69
.59
.70
.76
.70
.41
.77
.65
.66
.33
.72
.74
.46
.24
.65
.44
.49
.51
.59
.43
.42
.18
.74
.44
2
1986-87 change in earnings
Total
12,812177
8,9274,061
11,093736
7,6724,157
1,830534795501
8,113-1,012
6,1872,938
1,150-258
690718
1,380227
1,255102
3441 KA
579758
1,723391676657
339
Distributed
-3,149-2,639
-300-210
-466-1,662
181,178
-942-712-224
-5
5881,008
4331,162
11358
-19121
-2,610-875-318
-1,417
-1,918-174-386
-1,358
-692-702
68-59
-73
Reinvested
15,9612,4629,2284,271
11,559926
7,6552,979
2,7721,2471,019
506
7,5255
5,7541,775
1,262-316
881697
3,9901,1021,5731,315
1,57410
965599
2,4161,092
608716
412
1. Reinvested earnings divided by earnings.2. Reinvestment ratio is not defined because reinvested earnings are negative.
NOTE, — Earnings and reinvested earnings include all increases (gains) and decreases (losses) inaffiliate book value resulting from changes in the exchange rate at which foreign currency-de-nominated assets or liabilities are translated into U,S. dollars. Most of these gains and losses are
excluded from the affiliate's calculation of its own earnings and reinvested earnings. An alterna-tive measure of reinvestment ratios—one that more closely approximates the reinvestment ratiofrom the affiliate's, not from the U.S. balance of payments, perspective—excludes such amountsfrom earnings and reinvested earnings. For 1986 and 1987, this alternative measure results inreinvestment ratios of approximately 0.30 and 0.50, respectively.
Table 5.— Selected Transactions With, and Position in, NetherlandAntillean Finance Affiliates
[Millions of dollars]
Table 6.—U.S. Direct Investment Abroad: Income
Line
12345
6789
10
11
121314
15
Direct investment positionEquity1 ..Intercompany debt, net
U.S. parents' receivablesU.S. parents' payables
Capital outflowsEquity capitalReinvested earnings .Intercompany debt, net
Increases in U.S. parents'receivables.
Increases in U.S. parents'payables 2.
Income (13 14 + 15)Earnings „Withholding taxes on distributed
earnings.Interest (net of withholding
taxes).
1982
-20,08912 48532 574
56233136
8 6554'l73
79613623
187
13,810
19971,067
C*).
-3,064
1983
-23,3001499638296
39838 695
3 1361 411
9945542-164
5,378
32461,358
14
-4,591
1984
-25,07816 91141 989
'53942 527
1 977*982895
3 855-40
3,814
3 4301J69
2
-5,196
1985
-20,7841668437 468
1,17238 640
4 245864902
4208695
-3,513
3 1321,643
3
-4,772
1986
-16,07816 69232770
1,33534 105
5317785388
4920163
-4,757
27521,138
2
-3,888
1987
-13,50016 25629756
76130518
2 558928472
3 014-574
-3,587
2 1741,078
2
-3,251
* Less than $500,000.1. Includes additional paid-in capital and retained earnings.2. An increase in U.S. parents7 payables is a decrease in intercompany debt and, thus, a
capital inflow.NOTE.—This table shows only transactions with, and positions in, affiliates established to
borrow funds abroad and relend them to their U.S. parents.
All areasPetroleum ....Manufacturing . ...Other
Developed countries ....PetroleumManufacturing . .Other
Canada ....PetroleumManufacturingOther
EurooePetroleumManufacturingOther
OtherPetroleumManufacturingOther
Developing countriesPetroleumManufacturingOther
Latin AmericaPetroleumManufacturingOther
OtherPetroleumManufacturingOther
International
Income
Millions of dollars
1985
33,2029,306
14,6779,219
26,0985,977
12,6107,512
4,3071,3062,135
866
19,8004,0449,7216,035
1,991626754611
6,8453,0652,0671,714
2,338446
1,434457
4,5072,618
6321,256
258
1986
38,4178,065
17,91112,442
32,1446,226
15,58910,329
5,086841
2,7381,506
22,7814,232
10,9567,592
4,2771,1531,8941,230
6,6852,2282,3222,135
3,403627
1,5201,255
3,2831,601
801880
-412
1987
52,3088,130
27,04117,137
43,3425,541
23,35114,450
7,0221,4503,5392,033
30,8603,204
17,21710,439
5,460886
2,5951,978
9,0292,6443,6902,695
3,870488
2,2081,174
5,1592,1561,4831,521
-63
Change
Millions ofdollars
1986
5,216-1,242
3,2343,224
6,045250
2,9782,817
778-465
603641
2,981188
1,2361,557
2,286527
1,140619
16fr836255422
1,06518086
798
-1,2241 017
169-376
-670
1987
13,89165
9,1314,695
11,198686
7,7624,121
1,936609800526
8,079-1,028
6,2602,847
1,183267701748
2,344416
1,369560
467-139. 687
81
1,877554681641
349
Percent
1986
15.7-13.3
22.035.0
23.24.2
23.637.5
18.1-35.6
28.274.0
15.14.6
12.725.8
114.884.2
151.1101.4
2 327 312.324.6
45.540.4
6.0174.4
-27.238826.7
-29.9
(0
1987
36.2.8
51.037.7
34.8-11.0
49.839.9
38.172.429.234.9
35.5-24.3
57.137.5
27.7-23.1
37.060.8
35.118,758.926.2
13.7-22.1
45.2-6.5
57.234.685.072.8
0)
1. The percent change is not calculated because income is negative in one or both years.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 45
Table 7.—Source and Relationship of Income and Its Components[Millions of dollars]
Line
123
45
6
7
8
91011
EarningsCapital gains/lossesEarnings before capital gains/losses
Distributed earningsReinvested earnings
Withholding taxes on distributed earnings
Interest (net of withholding taxes)
Income
Income before capital gains/lossesEarnings (net of withholding taxes) . .Distributed earnings (net of withholding taxes)
1987amount
55 97015 64240,328
20,30035 669
1269
2393
52,308
366665470119,031
Source and relationship
2 + 3Reported *Extrapolated 2
6 + 111 -4
Extrapolated 2
Extrapolated 2
1-6 + 7
8 - 21 6Extrapolated 2
1. Data are as reported by the sample; no estimate for nonreporting affiliates is made.2. Universe estimates are calculated by extrapolating forward data from the 1982 benchmark
survey, based on the movement of reported sample data in subsequent years.
Table 8.—U.S. Direct Investment Abroad: Income and Rate of Return[Millions of dollars or percent]
AH areasPetroleumManufacturingOther
Developed countriesPetroleumManufacturingOther
CanadaPetroleumManufacturingOther
EuropePetroleumManufacturingOther
OtherPetroleumManufacturingOther .
Developing countriesPetroleumManufacturingOther
Latin AmericaPetroleumManufacturingOther
OtherPetroleumManufacturingOther
International
1986
Income
Total(=col. 2
lesscol. 5plus
col. 6)
(1)
38,4178,065
17,91112,442
32,1446,226
15,58910,329
5,086841
2,7381,506
22,7814,232
10,9567,592
4,2771,1531,8941,230
6,6852,2282,3222,135
3,403627
1,5201,255
3,2831,601
801880
412
Earnings
Total
(2)
43,1588,271
18,58616,301
32,6726,327
16,01410,331
5,147905
2,7651,477
23,1264,239
11,2847,603
4,3981,1821,9651,251
10,9052,3422,5725,991
7,525654
1,7365,136
3,3791,688
836855
419
Beforecapitalgains/loses
(3)
33,5196,481
14,18512,853
23,6364,792
11,4967,349
5,067887
2,7671,413
15,8102,8597,8015,149
2,7601,046
928787
10,0621,8672,6895,507
7,143644
1,7484,751
2,9191,223
940756
180
Capitalgains/losses
(4)
9,6391,7904,4013,448
9,0351,5354,5182,982
8118-265
7,3161,3803,4832,454
1,638137
1,037464
842475
-117484
38210
-13385
460465104100
-239
With-holdingtaxes ondistrib-
utedearnings
(5)
1,482396788298
942231495216
25711210144
50887
305116
177329056
53816529380
3516
27272
188158218
2
Interest (net ofwithholding taxes)
Net
(6)
-3,258190113
3 561
41413170
213
195487473
16381
-23105
572
1935
-3,6815143
3776
3772-20
57-3,809
91721433
9
U.S.par-ents'
receipts
(7)
1,492362364767
1,060252292515
237499593
737200159378
863
3845
411(D)71(D)
280(D)60(D)
131741146
22
U.S.par-entspay-
ments
(8)
4,750172251
4,328
645121222302
421
2120
574120182272
29(*)1910
4,092(D)28(D)
4,052(D)3
(D)
402
2513
13
Rate ofreturn l
(9)
15.713.517.914.6
17.516.419.415.9
10.57.9
12.110.0
20.018.622.518.0
20.125.221.116.0
11.812.711.910.9
10.812.010.310.9
13.113.016.911.1
-8.2
1987
Income
Total(=col. 11
lesscol. 14plus
col. 15)
(10)
52,3088,130
27,04117,137
43,3425,541
23,35114,450
7,0221,4503,5392,033
30,8603,204
17,21710,439
5,460886
2,5951,978
9,0292,6443,6902,695
3,870488
2,2081,174
5,1592,1561,4831,521
-63
Earnings
Total
(11)
55,9708,095
27,51320,362
43,7655,591
23,68614,487
6,9781,4403,5601,978
31,2393,227
17,47210,541
5,548924
2,6551,969
12,2842,5683,8275,889
7,182490
2,3144,377
5,1032,0781,5121,512
-80
Beforecapitalgains/loses
(12)
40,3286,593
19,14014,594
28,4704,369
15,2038,898
5,6221,1262,8611,635
19,2872,473
10,6356,179
3,560769
1,7071,084
12,0502,4053,9385,708
7,308400
2,4784,430
4,7432,0051,4601,278
-192
Capitalgains/losses
(13)
15,6421,5018,3735,768
15,2951,2228,4845,589
1,356314699343
11,952753
6,8374,362
1,987155948884
234163
-111182
12690
-164-52
3607453
234
113
With-holdingtaxes ondistrib-
utedearnings
(14)
1,269206711353
988188513288
17440
10133
640107318215
174419341
28118
19865
2248
16650
57103214
(*)
Interest (net ofwithholding taxes)
Net
(15)
-2,393241239
2872
565137177250
218508088
2618563
112
873
3450
-2,9749462
3 130
-3,0886
59-3,153
113872
23
17
U.S.par-ents'
receipts
(16)
1,637357385895
1,125248313565
26161
101100
759184173402
1053
3963
4899772
320
3591063
285
131878
35
22
U.S.par-entspay-
ments
(17)
4,029116146
3,767
560110136315
44102112
49899
110289
18(*)5
13
3,4644
103,450
3,44644
3,438
18•(*)
612
5
Rate ofreturn 1
(18)
18.412.723.416.4
20.313.324.618.6
13.112.714.411.7
22.812.928.820.5
21.816.424.621.8
13.714.117.710.3
10.08.5
14.46.7
19.016.626.817.6
-1.4
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. Income divided by the average of the beginning- and end-of-year direct investment position.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
46 SURVEY OF CURRENT BUSINESS August 1988
Table 9.—U.S. Direct Investment Abroad: Royalties and License Fees and Charges for Other Services[Millions of dollars]
1986
Royalties and license fees
NetU.S.
parents'receipts
U.S.parents'
pay-ments
Charges for other services 1
NetU.S.
parents'receipts
U.S.parents'
pay-ments
1987
Royalties and license fees
NetU.S.
parents'receipts
U.S.parents'
pay-ments
Charges for other services l
NetU.S.
parents'receipts
U.S.parents'
pay-ments
All areas 5,427 5,533Petroleum 20 20Manufacturing 4,108 4,155Other 1,299 1,359
Developed countries 5,106 5,204Petroleum 19 19Manufacturing 3,940 3,979Other 1,147 1,206
Canada 587 597Petroleum (*) (*)Manufacturing 491 501Other 96 96
Europe 3,521 3,596Petroleum 3 3Manufacturing 2,745 2,770Other 773 824
Other 998 1,010Petroleum 16 16Manufacturing 704 708Other 279 286
Developing countries 321 329Petroleum 1 1Manufacturing 169 176Other 152 152
Latin America 178 182Petroleum 1 1Manufacturing 85 89Other 92 92
Other 143 147Petroleum (*) (*)Manufacturing 83 87Other 60 60
International 0 0
1060
4659
2,996594
1,3151,086
2,118300
1,071747
84945
579226
1,346188801357
-7867
-309164
810242244324
202396698
607203179226
5,413780
2,1762,458
4,093389
1,8961,808
1,153126703324
2,497195
1,0571,244
44368
136239
1,190285279626
5791
340
702228188286
130
2,417185860
1,371
1,97589
8251,061
30481
12499
1,1518
256
5211
44575
3814335
302
1726
243
9526
6,9174
5,4631,450
6,5983
5,2721,324
585(*)
486100
4,6973
3,736958
1,316(*)
1,050266
3191
192126
1651
9272
1540
10054
7,0654
5,5361,526
6,7293
5,3391,387
614(*)
511103
4,7823
3,7751,004
1,334(*)
1,053281
3361
197138
1711
9675
1650
10164
1480
7276
1310
6764
280
253
850
3945
180
2,391510
1,062820
1,661247825589
95340
621291
170540238
-24037
-33760
685230237218
172647237
513166165182
45
5,147675
2,0352,437
3,980.321
1,7491,909
1,12691
635401
2,452192996
1,265
40139
119244
1,044254286504
4467495
277
598181191227
2,756165974
1,617
2,31874
9251,320
1735113
109
1,50422
4551,027
6411
456184
3592449
285
2741023
240
85142645
79
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. Consists of service charges, rentals for the use of tangible property, and film and television
tape rentals. In 1987, U.S. parents' receipts of service charges were $4,613 million, receipts of
rentals for the use of tangible property were $146 million, and receipts of film and television taperentals were $388 million; U.S. parents' payments were $2,698 million, $49 million, and $9 mil-lion, respectively.
Table 10.—U.S. Direct Investment Abroad: Position and Balance of Payments Flows, 1977-87[Millions of dollars]
1977 1978 1979 1980 1981 1982 1983 1984 1985 1986
Direct investment position
Capital outflows (inflows(-))...Equity capitalReinvested earningsIntercompany debt
Income
Royalties and license fees, net receipts
Charges for other services, net receipts 3....
145,990
11,893(2)(2)(2)
19,673
2,173
1,710
162,727
16,056(2)(2)(2)
25,458
2,697
2,008
187,858
25,222(2)(2)(2)
38,183
3,002
1,978
215,375
19,222(2)(2)(2)
37,146
3,693
2,087
228,348
9,624(2)(2)(2)
32,549
3,658
2,136
207,752
-2,3699,7081,359
-13,436
21,380
3,507
1,816
207,203
3734,9037,139
-11,669
20,499
3,597
2,532
211,480
2,8211,3478,447
-6,973
21,217
3,921
2,483
230,250
18,068-2,21019,0091,269
33,202
4,096
2,490
259,562
27,811274
19,7097,828
38,417
5,427
2,996
308,793
44,4552,470
35,6696,315
52,308
6,917
2,391
1. There is a break in series between 1981 and 1982 because, beginning with 1982, the estimatesare linked to the 1982 benchmark survey of U.S. direct investment abroad; estimates for 1977-81are linked to the 1977 benchmark survey.
2. For years prior to 1982, capital outflows cannot be disaggregated by component because datafor the components were not reported separately for unincorporated foreign affiliates.
3. Consists of service charges, rentals for the use of tangible property, and film and televisiontape rentals.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 47
Table 11.—U.S. Direct Investment Position Abroad, 1985[Millions of dollars]
All countries
Developed countries
Canada
Europe...
European Communities (10)BelgiumDenmarkFranceGermanyGreeceIreland..ItalyLuxembourgNetherlandsUnited Kingdom
Other EuropeAustria .FinlandNorwayPortugalSpainSwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa...AustraliaNew ZealandSouth Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuador ,PeruVenezuelaOther
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamas
JamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther . . .
Other AfricaSaharan
EgyptLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
Addendum— OPEC l
Allindus-tries
230,250
172,058
46,909
105,171
81,3805,0381,2817,643
16,764210
3,6935,906
6907,129
33,024
23,791493258
3,215237
2,281933
15,766234375
9,235
10,7438,772
5761,394
52,764
28,261
17,6232,7058,893
882,148
3611,2431,588
597
9,6585,0883,959
611
9803,795
13,116122
-20,499484
3,490472
4,4972,4231,926
325172
2,07412344
1,907
4,606717
2,442792655
15,4003,295
3834,4751,1401,0321,874
743750
1,074635
5,428
10,383
Petro-leum
57,695
36,605
10,469
21,739
15,976555570579
2,595140
-26479-10
1,8409,255
5,762(D)(D)
2,70338
189(D)(D)
10026
2,184
2,2131,627
(D)(D)
16,533
4,708
2,71246823350
1,007(D)
49676(D)
69652
508136
1,300843
-2033
40405
7206
3,4642,0791,635
311134
1,3853197
1,451
2,090(D)
851644
(D)
6,270352
233,760
60492
3724
-5790278
4,557
6,011
Manufacturing
Total
94,700
75,564
21,831
45,375
41,8852,886
1944,948
10,71745
2,7543,815
2693,495
12,760
3,490200
(D)15891
1,428449
1,12836(D)
4,584
3,7733,044
162568
19,136
14,733
9,8361,4886,904-280
65614056
81458
4,5724,053
245273
32640(D)
1082137(D)
112
35352320'
19301
085
216
356142189261
3,694400329238408385999205530142
56
1,494
Foodand
kindredproducts
9,252
7,029
1,702
4,653
4,27317296
351608
1387237
0625
1,796
380(D)
02
1922622(D)
20
128
545389
20136
2,223
2,052
1,370248706
1311625
4217
40
63444581
108
48(D)(D)10(D)
70
14
178
(*)0890
(D)(D)
(*)0
(*)0
(*)154(D)158
33154631(D)1
(D)
Chemi-cals and
alliedproducts
20,273
15,918
4,794
8,362
7,6321,189
(D)794
1,13131
533547
(D)1,1592,179
73065
(D)31
45229
228(D)1
1,311
1,4511,300
5695
4,356
3,127
2,012251
1,32023
1971817
1798
94375811174
172(D)
089(D)230
18
10517170
(*)880
5138
982548(D)(D)
1,02614214018719
17210266
1383722
(D)
'rimaryand
fabri-cated
metals
5,012
3,858
1,668
1,887
1,835995
145632(*)838418
241529
522
(*)(*)
3(D)
-15(D)
00
82
22276
4143
1,154
850
45692
620(D)24(D)1942
4
(D)319
37(D)
(D)000300
(D)
1316402
1260
(*)126
665
(D)0
(D)
10610487
(D)13
(D)820
120
Ma-chinery,exceptelec-trical
18,987
16,886
2,428
12,308
11,343241
11,9413,287
0556
2,01410
6342,659
96536(*)
0(D)(D)(D)78
00
1,664
485393
588
2,101
1,639
1,440326
1,101030082
198198
00
(*)0000
(*)00
111000000
1771
(D)(D)
445(D)683
(D)(*)
181(*)66(D)
0
(D)
Electricandelec-
tronicequip-ment
8,515
5,908
1,685
3,719
3,38733352
303903
(D)267534
(D)128837
331(D)(D)(D)3937
6111
50
331
173135
632
2,607
1,035
56845
425(D)(D)231
532
449439
010
1700000
(D)
(D)
35550
(*)300
(D)(D)
9894
400
1,4396
34(D)
30999
60667
193104(D)
108
Trans-portation
equip-ment
11,719
9,561
4,977
3,845
3,845(D)(*)
478(D)06
250
36641
(*)(D)
00
(D)-47
(D)04
(D)
625
114114
(D)(D)
2,158
2,018
1,192174
1,083(D)(D)120
98(D)
826826
00
00000000
158
(D)0
(D)8008
16000
-16
1400700
-283(D)310
(D)
-86
Othermanu-
facturing
20,942
16,404
4,577
10,601
9,569(D)(D)
938(D)(D)
921374165672
4,118
1,032338
2625
23840
591(D)(D)
443
783636
(D)(D)
4,538
4,013
2,797352
1,64811
273(D)16
413(D)
(D)1,069
17(D)
(D)(*)
09070
(D)
488
(D)0
(D)410
1724
9311(D)(D)-3
3849332(D)477112(D)6222
2
592
Whole-sale
trade
22,790
17,117
2,446
11,778
6,086971415
1,2016335535
6644
6641,444
5,69170
197234
(D)257180
4,591(D)88
1,581
1,312971114227
5,673
2,855
95913536043582163
25325
1,21454164033
682227259334416(D)(D)
139(D)154
(D)(D)(D)5142
620(D)
152(D)53
2,0581,390
1(D)
6571
191(D)
1264624
602
Banking
14,461
7,394
549
6,268
4,58030037
3661,333
(D)(D)
380213127
1,875
1,68721(D)(D)(D)
2710
1,286406
178
398371
(D)(D)
7,067
5,300
604335103108(D)-6
717(D)
4641
45510
4,2312,209
(D)5
(D)(*)
1,79817
214128127
01
86-14146
252(D)(D)(D)17
1,302402
(D)1727
1772232686378(D)
314
Finance(except
banking),insur-ance,
and realestate
22,501
23,258
5,684
15,798
9,518119(D)
2271,019
(D)
904304214176
6,521
6,280(D)
0(D)1
26135
5,7410
261
520
1,2551,162
4548
-757
-2,189
1,43677
1,0401579125
212-5
2,213185
2,00622
-5,838450
12,988-44
-20,7843
1,52722
11(D)
30
(D)(D)
-300
(D)
232150-7(D)(D)
1,189687
518415
10648
1241126
493
Services
4,683
3,520
746
2,534
1,81916136
170458
16910
572721
715102
34(D)578
549(D)(D)
83
158142
412
1,163
507
37290
1352999
(D)84(D)
78-18
7125
573
656
20(D)56(D)
715047(D)(D)21(D)(D)12
3733
437-8
-59
21257(*)(D)(D)5119207
11(D)
475
Otherindus-tries
13,421
8,601
5,184
1,680
1,51447(D)
153422
13(D)
1720
254448
16513116
53(D)(D)
93
104
1,6331,455
16162
3,949
2,347
1,704112118123(D)(D)(D)
133(D)
42127633
112
222227211(D)(D)3850
2458466(D)(D)
16198(D)(D)
683(D)(D)21(D)
6747
(D)213
(D)15021(D)174
203
871
994
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.
1. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Ecua-dor, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United ArabEmirates, and Venezuela.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
48 SURVEY OF CURRENT BUSINESS August 1988
Table 12.—U.S. Direct Investment Position Abroad, 1986[Millions of dollars]
All countries
Developed countries
Canada
Europe
European Communities (12)BelgiumDenmarkFranceGermanyGreeceIrelandItalyLuxembourg..NetherlandsPortugalSpainUnited Kingdom
Other EuropeAustriaFinlandNorwaySwedenSwitzerland •,TurkeyOther
Japan
Australia, New Zealand, and South Africa...AustraliaNew Zealand .South Africa
Developing countries
Latin America
South America ,Argentina ,BrazilChileColombiaEcuadorPeruVenezuelaOther
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermuda ,JamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
LibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsrael.Saudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
International
Addendum— OPEC l
Allindus-tries
259,562
194,691
49,994
122,165
98,4725,2291,1138,857
20,846172
4,3956,935
72611,618
2782,612
35,692
23,693386292
3,6261,002
17,842242302
11,332
11,2009,120
5131,567
60,270
34,790
18,6442,9199,187
2242,033
4681,1312,139
543
9,5714,7504,293
528
6,5752,762
14,765107
-15,817368
3,771620
4,3132,0761,814
19667
2,23671
5751,590
4,590600
1,972857
1,161
16,5773,980
4464,3951,1091,1352,238
800870
1,079525
4,602
10,906
Petro-leum
61,731
39,479
10,922
23,803
17,572491347471
3,287126(D)
268(D)
3,22635
1839,187
6,23088(D)
3,250(D)(D)
102-11
2,612
2,1411,615
(D)(D)
18,495
5,714
3,30445623753
1,023258438666172
59142
446103
1,820846409
. (D)37
312(D)
203
3,4781,7251,505
19524
1,753-6500
1,259
2,893(D)
906688
(D)
6,41039432
3,766694106469
8-11720233
3,758
7,248
Manufacturing
Total
104,877
85,015
23,406
51,988
50,0822,604
1626,095
12,95157
3,2694,845
2744,463
981,377
13,889
1,9061602031
5451,244
41-72
5,443
4,1773,374
170633
19,862
14,785
10,2031,5867,141-278
58515249
88682
4,3233,776
251296
25833
0942511(D)(D)
2686036
025
2080
33176
3771771512920
4,432443373225316568
1,35324664221748
1,477
Foodand
kindredproducts
10,968
8,593
2,108
5,736
5,513199122479533(*)
439348
0843
26300
2,223
2231402
(D)(D)(D)0
157
592396
20176
2,376
2,033
1,362275700
17123281
17345
63242676
131
39(D)
011(D)
602
239
(*)09
1400
14
(*)000
(*)320
(D)168
1951537406
(D)
206
Chemi-cals and
alliedproducts
22,741
18,251
4,847
10,347
10,0361,311
(D)1,1391,706
43738831(D)
1,53116
4872,192
31195
(D)29
2228
(D)
1,591
1,4661,320
5789
4,491
3,101
2,018261
1,38826
1591815
14210
95977811072
124(D)0
73(D)-2
018
8720200
(*)670
3334
992938(D)(D)
1,204182159191
1918713871
2054011
434
Primaryand
fabri-cated
metals
5,311
4,412
1,742
2,089
2,088(D)9
159772
(*)98
12125
278(D)37
482
13
(*)(*)252300
130
450307
4139
899
658
378(D)
511(D)34(D)18603
258193(D)(D)
23000
(D)00
(D)120(D)(D)
02
(D)0
-1(D)
204
(D)0
(D)
1012
5276
132
(D)(D)
20
92
Ma-chinery,exceptelec-trical
22,401
20,043
2,538
15,190
14,635223
(D)2,4974,136
0620
2,7592
877(D)
5982,890
555(D)80
414(D)
00
1,812
503384
6113
2,358
1,769
1,616305
1,301030033
153153
00
(*)0000
(*)00
111000000
27(D)
2(D)
562(D)763
(D)(*)
245(D)93-5
0
19
Electricandelec-
tronicequip-ment
7,405
4,684
1,906
2,218
2,34055
-18282430
6318188(D)
109(D)
-1331,054
12234-4102
7370
475
866979
2,721
883
547(D)
376(D)(D)201
81(D)
337320
017
-100000
(D)(D)21(D)(D)0
(*)(D)
0(D)11
126118
800
1,6912343(D)
236100845
74209150
(D)
111
Trans-portation
equip-ment
14,186
11,347
5,573
4,768
4,761(D)(*)
3823,078
06
490
33(D)
-2511,388
7(D)(D)
0(D)04
(D)
699
308273(D)(D)
2,839
2,666
1,689269
1,239(D)(D)130
101-2
977977
00
00000000
(D)(D)(D)
0(D)-6
006
(D)000
(D)172
0800
-4100(D)340
(D)
114
Othermanu-
facturing
21,865
17,686
4,691
11,641
10,71064125
1,1582,296
81,049
549166791
29339
3,660
93241(D)(D)60
736(D)(D)
580
773625
(D)(D)
4,179
3,675
2,594317
1,62614
205(D)14
326(D)
1,007929
(D)(D)
73(*)
09070
57
(D)(D)(*)
0(D)
60
(D)(D)
(D)(D)(D)(D)3
3839534(D)(D)781229(D)242
502
Whole-sale
trade
26,168
20,469
2,594
14,294
8,1961,284
4961,443
9783532
8844
1,08452
3481,557
6,098(D)
231270155
5,272(D)86
2,179
1,402988123291
5,699
2,773
98116843645572864
15925
1,150347780
22
642260267276
(D)27(D)
117433706
74(D)
(D)26
571(D)
18352(D)
2,2381,621
1(D)5563
187(D)
1543827
505
Banking
14,576
8,408
575
7,168
5,55839336
3381,615
(D)(D)
29723019844
3362,128
1,60936(D)19(D)
1,47136(D)
192
473440
(D)(D)
6,168
4,712
635355
62166(D)34
12(D)
608(D)
574(D)
3,4701,217
(D)6
(D)(*)
1,95668
211113112
01
98-25347
102(D)(D)11
-142
1,14231735111
238132282
477526
307
Finance(except
banking),insur-ance,
and realestate
34,413
28,490
6,429
20,058
12,90223035
2231,493
(D)1,095
378(D)
1,7672
257,405
7,156(D)
0(D)
1086,646
0270
648
1,3551,241
5361
5,924
4,190
1,642177
1,0757483135
224-10
2,289158
2,11318
259398
14,173(D)
-16,0783
1,662(D)
425104
38(*)
038
14985(D)(D)19
1,5421,138
4165213646
1741586
469
Services
4,866
4,009
856
2,876
2,29316732
119209
19110
0611
(D)(D)
915
584-2
2262
(D)(D)11
108
168140
226
857
549
36377
12932(D)
9(D)873
2361298027
-50-2
-1815
10(D)72(D)
7354531
n18568
5215
114(D)(D)
18322(*)10
4821(D)
713(D)
141
Otherindus-tries
12,931
8,821
5,212
1,978
1,869605
168542
66
1540
270(D)(D)
611
109(D)(*)(D)(D)636
(D)
149
1,4821,322
21139
3,265
2,066
1,517100107131(D)6
(D)105(D)
373(D)
48(D)
1769
(D)5
(D)2
3963
123766907
47(D)(D)36
447(D)
408(D)29
63045(*)(D)22
1493018178
(D)
844
759
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 49
Table 13.—U.S. Direct Investment Position Abroad, 1987[Millions of dollars]
All countries
Developed countries
Canada
Europe
European Communities (12).BelgiumDenmarkFranceGermanyGreeceIrelandItalyLuxembourgNetherlandsPortugalSpainUnited Kingdom
Other EuropeAustriaFinlandNorwaySwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa...AustraliaNew ZealandSouth Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuadorPeruVenezuela. . .Other
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermudaJamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
EgyptLibya ::::::.::.:Other
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi Arabia .United Arab EmiratesOther .. .
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
International
Addendum— OPEC 1
Allindus-tries
308,793
233,315
56,879
148,954
122,2477,0781,114
11,47824,450
2155,4848,449
72314,164
3814,037
44,673
26,707387387
4,1421,188
19,973241390
14,270
13,21210,988
6351,590
71,174
42,337
19,3122,8549,955
2242,037
4971,1022,124
519
10,4304,9974,780
654
12,5942,566
18,22990
-13,208356
3,970592
5,0851,9851,663
25270
3,10065
1,2671,768
4,762793
2,385762820
18,9915,453
4663,9291,1111,2112,5211,0181,3121,282
687
4,304
11,498
Petro-leum
66,381
43,762
11,931
25,785
19,098547170531
3,319132
-23252
(D)3,078
(D)124
11,011
6,687117(D)
3,552(D)(D)8837
2,561
3,4842,943
(D)(D)
19,009
5,771
3,020398273
591,013
237367534139
84165
648129
1,910792530
(D)(D)
311(D)(D)
4,2371,6701,400
24623
2,567-4
1,1201,450
2,812(D)
1,079595
(D)
6,188462
-143,251
704101579
7-14857254
3,610
7,334
Manufacturing
Total
126,640
104,759
25,800
67,475
64,9143,486
2538,374
15,97494
4,1116,084
1935,318
1932,567
18,268
2,5621092591
6171,720
52-52
7,073
4,4113,493
211707
21,881
15,902
11,0841,6167,730-221
58515763
1,06193
4,5533,959
278316
264260
106217
(D)(D)
30871410
30237
040
197
4082011632024
5,264563416234329602
1,49333998325648
1,677
Foodand
kindredproducts
12,643
10,168
2,276
6,938
6,659263155543522
(D)641448
01,004
(D)431
2,599
279(D)
02
41(D)
30
365
589435
20133
2,474
2,051
1,46029565338
15332(D)
221(D)
55333379
141
38(D)0
13(D)704
7318(D)
0(D)5500
55
(*)000
(*)350(D)174
2222241296
(D)
259
Chemi-cals and
alliedproducts
26,914
•21,765
4,916
13,189
12,8391,557
(D)1,7031,975
521,0381,050
(D)1,897
-8519
3,008
350105
(D)32
251(D)0
2,093
1,5661,406
6397
5,150
3,496
2,262269
1,54337
1731720
19112
1,11190612679
123(D)0
82(D)70
19
91(D)(D)
0(*)(D)
032(D)
8332(D)(D)(D)
1,48024018419621
213(D)78
273(D)
6
464
Primaryand
fabri-cated
metals
5,662
4,596
1,862
1,984
1,984116
(D)163470
(*)12110521
321(D)61
583
(*)3
(*)(*)3228(*)1
173
577402
6169
774
47689
628(D)5
(D)19662
(D)206
(D)13
(D)000300
(D)
116(D)50
(D)(D)0
-2(D)
442
4002
132136075
14-3(D)20(D)0
124
Ma-chinery,exceptelec-trical
27,344
24,664
2,923
18,787
18,193292(D)
3,3845,095
0761
3,158-6874
(D)740
3,865
5944372
4687301
(D)
(D)264
(D)
131
2,681
2,011
1,910305
1,6200400
-223
102102
00
(*)0000
(*)00
111000000
26(D)(*)(D)1
642126879
(D)
208(D)
18140
2
Electricandelec-
tronicequip-ment
9,784
6,841
2,237
3,869
3,770253
17308839
8368386
(D)168
(D)73
1,238
991006
8390
625
109919
10
2,943
720
32262
117(D)7
20(*)
111(D)
394375
019
500000
(D)(D)
205500
150
(D)(D)
146139
600
2,05840352
24691
96611537917215
139
Trans-portation
equip-ment
17,708
14,859
6,556
7,564
7,644(D)(*)
4364,324
06
1630
(°)(D)(D)
2,188
-80(D)
00
(D)04
(D)
546
192154(D)(D)
2,850
2,689
1,671(D)
1,228(D)(D)130
114-2
1,0181,018
00
00000000
19702
-800g
00000
1600900
-261(D)43
0(D)
127
Othermanu-
facturing
26,584
21,867
5,030
15,143
13,825(D)38
1,8372,751
(D)1,176
774115(D)39(D)
4,787
1,3191713(D)(D)(D)(D)(D)
(D)
(D)741
69(D)
4,717
4,160
2,983(D)
1,942(D)(D)(D)(D)
380(D)
(D)1,020
(D)64
(D)(*)
010080
(D)
710(D)
0(D)-4
0(D)(D)
109(D)
(D)3
(D)
442(D)4218(D)67(D)4858262
566
Whole-sale
trade
31,330
24,900
3,178
17,457
10,6291,522
5621,7261,035
(D)66
1,108(D)
1,90583
5592,035
6,82846
303327209
5,817(D)(D)
2,934
1,3321,017
128186
6,430
2,942
92416939721653378
13426
1,205277901
27
8133183162322(D)66(D)
8128(D)1
(D)53(*)2825
636(D)(D)6040
2,7712,019
(D)(D)5284
150(D)
16149
147
491
Banking
15,354
9,353
608
7,831
5,804504(D)
2741,802-63
(D)28925317767
3952,056
2,02747(D)22(D)
1,88032(°)
343
571(D)(D)
0
6,001
4,312
720361115201
(D)
9-2
7(D)
470(D)
419(D)
3,122901
(D)
6(D)(')
1,91870
18465650
(*)119
16849
-544
(D)1
(D)
1,559489
403
-82371633701358742
327
Finance(except
banking),insur-ance,
and realestate
49,097
35,946
8,851
24,525
16,846708
53244
1,674(D)
1,389446288
2,432(D)21
9,571
7,679230
(D)127
7,1360
(D)
945
1,6241,478
7274
13,150
10,496
1,707158
1,1837896(D)(D)
174-14
2,597198
2,38019
6,192505
17,230(D)
13 5003
1,857(D)
574
(*)04
53230
30
234156
-17(D)(D)
2,3641,849
(D)195111
72180209
(D)
479
Services
6,812
5,069
919
3,758
3,011267389317(D)70
1690
931(D)
3191,219
747241
32-3(D)16(D)
154
238203
232
1,743
874
41284
14937129
(D)
106(D)
2611478430
2011653
420(D)74(D)
8565631
(*)20578
53939
582-6
-76
24576(*)(*)
05332377
1426
629
Otherindus-tries
13,179
9,526
5,592
2,122
1,94543(D)
236663
6(D)
1020
3247
51512
17720.(*)(D)(D)
121(D)3
260
1,552(D)
(D)(D)
2,959
2,040
1,44568
10849(D)(D)(D)
109(D)
502(D)69(D)
939
(D)-24
(D)(D)40(D)
13282(D)3
(D)5139
48
186(*)
163(D)(D)
601-5(*)(D)23
13334(D)2110(D)
693
562
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
50 SURVEY OF CURRENT BUSINESS August 1988
Table 14.—U.S. Direct Investment Abroad: Capital Outflows, 1985[Millions of dollars; inflows (-)]
All countries .
Developed countries
Canada
Europe
European Communities (10)BelgiumDenmarkFrance
GreeceIreland .ItalyLuxembourgNetherlandsUnited Kingdom
Other EuropeAustriaFinlandNorway ..Portugal ...SpainSwedenSwitzerland..TurkeyOther
Japan
Australia, New Zealand, and South Africa...AustraliaNew ZealandSouth Africa
Developing countries
Latin America
South AmericaArgentina ,BrazilChileColombiaEcuadorPeruVenezuelaOther
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermuda ,JamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan ,
EgyptLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
International
Addendum — OPEC l
Allindus-tries
18,068
13,669
705
13,622
11,849485149
1,5041,920-3672198548
1,2414,831
1,773-16
71376
1519771
1,04963
1,160
-408-271
42-180
4,226
4,083
-1,05710
-25143
-466-1121821853
69436
-140-227
5,07161
599-1164,092
172543
64
32386369__724
354— 10
-281-62
-7611673
-183-82
1864452
17642
-244-45
371
-43166
173
355
Petro-leum
-1,433
348
1837
1,273
882-85-22113
-31416
-299617
2441,072
391(D)-5299(D)-5
-51(D)-5
2
133
8231(D)(D)
1227
-1,083
-59257-6
6-409
(D)170119
(D)
19-32
86-35
-510-30
-128(D)(D)
-15023
94348333-823
2545
-30143
-2285
-42-192
1
-10-20
(D)191
-26-140-47
(D)(D)
-11104
143
-420
Manufacturing
Total
9,043
8,675
1,034
7,431
7,155319
141,0211,854
-2489795
24522
2,118
276-14
(D)-37
1451
109188
1(D)
553
-34218911
-164
368
293
-33-77185-2-41231
-1227
401430
(D)(D)
-762
(D)735
-16(D)
6
-30
601
-3703
-40
-1025
-11012
20740338
70-24
592452
-51-6
209
Foodand
kindredproducts
1,196
1,156
86
919
908212635
104(*)85680
176392
11(D)
0(*)
5-5
4(D)(*)
0
62
8974
213
40
70
5852-1(*)
-103
-298
1031(D)(D)
2(D)(D)
8(D)02
2100110
(D)(D)
10100
-32(D)(*)(*)(*)
-39-1
42
(D)(*)
(D)
Chemi-cals and
alliedproducts
782
958
-86
1,103
962119(D)
113125
ji'i-49(D)
115257
142
8(D)
-10923
55(D)(D)
72
-131-94
1551
176
143
-93-15-23
2-10
1-446'2
332
237
-83(D)
0-74
(D)-14
01
1(D)(D)
0(*)(D)
07
(D)
-924
-100(D)(D)
58339
-14(*)-8154
29-2-8
(D)
Primaryand
fabri-cated
metals
62
145
69
147
16319(°)2797
0164
(D)2
19
-16(*)(*)
1(D)(D)(D)
00
-38
-33-29-3-2
-83
58
-59-9
-23(D)-1(D)-3
-19(*)
(D)1
— 3(D)
(D)000
(*)00
(D)2110
(*)1012
-25-3(D)
0(D)
-284
(*)(D)(*)
2(D)1
(*)0
-41
Ma-chinery,exceptelec-trical
3,996
3,914
89
3,526
3,21426(*)
665899
087
530-9232834
3129
(*)(*)(D)(D)(D)
600
327
-285
-1-33
82
57
6441230
(*)00
-21
-66
0
(*)0000
(*)00
(*)(*)(*)
000000
1(*)1
(D)(D)25(D)12(D)(?500
(D)0
(D)
Electricandelec-
tronicequip-ment
275
230
109
231
28673
22104(D)36
103(D)1
17
55(D)(D)(D)15
-28(*)22(*)
0
-75
-35153
— 17
46
-37
-6-20
24(D)(D)
2(*)-7-3
-33-15
0-17
200000
(D)(D)
7110
(*)-8
0(D)(D)
34100
87111
(D)58
-1327
-1422
-20(D)
K
Trans-portation
equip-ment
1,065
764
662
97
365(D)(*)56(D)0
(*)-3
0-580
267(D)0
-1(D)
-244(D)
0(*)(D)
144
-139-99
(D)(D)
300
266
-76(D)97(D)(D)1
(D)-78
(D)
342342(*)
0
00000000
1(D)(D)
0(D)(D)
00
(D)1000
-137
0100
3330(D)(*)
0(D)
-77
Othermanu-
facturing
1,666
1,508
105
1,406
1,257(D)(D)
103(D)(D)7452431
518
1492
(D)(D)3
504
91(D)(D)
61
-64-32
(D)(D)
158
140
79(D)88-541(D)(D)21(D)
(D)76
(D)
(D)00
(*)0
(D)0
(D)-27
(D)(D)
0(D)(D)
0(D)
-26
131
(D)(D)(D)
3395
(D)(D)3
7°)-2
1(D)
46
Whole-sale
trade
1,834
1,353
57
1,220
9691431392144154
164(*)
161108
252166978(D)6319-8(D)(*)
196
-121-115
29-34
481
201
• 721
-5-19
3-5161
3858
3
170(D)1619
-6-2(D)(D)
-455
(*)(*)-9(D)-2(D)
96(D)21(D)(*)
187191
8-10
429(D)18-5
1
29
Banking
1,004
1,351
34
1,322
902789
77211-46
4262931
483
4209
(D)(D)(D)690
30511
(*)
-5-4(D)(D)
-257
83
-37110
37427(D)92
— 2(D)
682
74-8
38637(D)-1(D)-2309
1
-6320
(*)-8-1
-169
-94(*)(D)(D)
-106
-240-161
(D)-8
4-77-19
49-57
21(D)
-21
Finance(except
ranking),insur-ance,
and realestate
7,246
2,219
120
1,897
1,56431(D)-6901
(D)7512
272843
333(D)
0(D)(*)
4-7312
017
179
235931
5,027
4,865
-3127
-526
-3(*)(*)
— 54
16610
1 AA.
-12
5,062-63686
(D)4,245
(*)224
(D)
24660
(*)-30
0-19
868
14(D)(D)
100108(D)6
-17
-7-4
2(D)(D)
79
Services
278
234
37
167
69-6
72624(*)10200
-3873
985
(*)44
191
44(D)(D)
53
-23-22
1-1
44
65
62151
(*)(D)
-12(D)
191324
5213331
(*)(*)-3
9
911121
(*)2
(D)3
555
337
19
25(D)(*)(D)0
(D)-1
5-4
1(D)
-72
Otherindus-tries
7
184
151
312
3093
(D)6061(*)(D)10
49135
34
(D)(D)14
(4(D)(*)
46
-23-29
12-6
-209
-341
-17-10-2
7(D)(D)(D)27(D)
-311-24
(D)(D)
-13(D)-4-1(D)-2
3(*)
-7762
-2-14-8(D)(D)
221(D)(D)
2(D)
-82(D)(*)
-155
(D)
7°)(D)(°)63
31
260
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 51
Table 15.—U.S. Direct Investment Abroad: Capital Outflows, 1986[Millions of dollars; inflows (-)]
All countries
Developed countries
Canada
Europe.. .
European Communities (12)BelgiumDenmarkFranceGermanyGreeceIrelandItalyLuxembourgNetherlandsPortugalSpainUnited Kingdom
Other EuropeAustriaFinlandNorwaySwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa...AustraliaNew ZealandSouth Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuadorPeruVenezuelaOther
Central AmericaMexicoPanamaOther-
Other Western HemisphereBahamasBermudaJamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
EgyptLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsrael.Saudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth Korea . .Taiwan . .ThailandOther
International
Addendum— OPEC *
Allindus-tries
27,811
19,803
2,644
15,376
12,825144
-1571,2633,357
-469941941
4,41032
3702,252
2,55010327
40361
2,2356
79
1,982
-1981806445
8,804
7,360
88021011375
-52126
-104531-18
207-134
394-53
6,274-1,027
1,742-16
5,302-117
284106
31-211-112
14113180
-51538307
516-112
5665
506
959645657936
11419563
1003
110
795
1,201
Petro-leum
3,964
2,664
372
2,029
1,333-26
-213-113
715-13
(D)-256
(D)1,393-3
5137
697(D)(D)
546(D)(D)1
35
417
-15598(D)(D)
2,067
1,076
604-5-3
43
(D)-58590(D)
-4810
-19-20
5203
612(D)-3
-93(D)
2
144234
-13012
117379-37593177
826(D)8143(D)
21429
18902141
46
-70-45
768
1,425
Manufacturing
Total
9,838
8,941
1,491
6,511
6,572-289-39
1,0641,925
11542957
41,060
225
1,364
6143(D)
19076
1513
(D)
1,009
-71527
25
897
425
522181323
2(*)121
1923
32701622
657
(D)143
26(D)(D)
709305
790
-3940
2944
-393
21
51315463
10447
3344294758
79
Foodand
kindredproducts
1,469
1,472
352
1,057
9746
22128
-83(*)56
1120
2818
74370
83(D)
0(*)(D)(D)(D)
0
30
3341
29
-3
-33
-927-7
3732
445
18455
22
-6(D)(D)
(D)(*)
0-9
6100140
(D)(D)
10
-100
26(D)(*)(*)
I22-1-9
9(D)(D)
(D)
Chemi-cals and
alliedproducts
1,932
1,802
70
1,399
1,38031(D)90
24812
197265(D)
3815
4899
1931
(D)(*)12(D)(D)
315
18202
-3
130
-6
7049832
38(*)5
352
-28-23-1-4
-48(D)
0-16
(D)-26
0(*)
-18330
(*)-21
018-3
14
-10(D)(D)
15439224
(*)15246
523
-11
(D)
Primaryand
fabri-catedmetals
571
650
189
200
210(D)5
14138(*)15327
45(D)(D)50
10(*)(*)
10100
30
231232
1-2
-79
16
6(D)18(D)
4(D)(*)18-1
(D)-34
(D)(D)
(D)000
(D)00
(D)-12
(D)(D)
0(*)(D)
0
^(D)46
I(D)
0(D)
-5-7
4(*)(D)
-2(D)(D)(*)
0
-27
Ma-chinery,exceptelec-trical
3,675
3,543
89
3,046
2,960-1(D)
545826
095
813-7237
(D)
(°)
336
86(D)(*)
0(D)(D)
00
410
-234(*)32
132
(*)
6721940
(*)0071
-67-67
00
(*)0000
(*)00
(*)(*)(*)
000000
10(D)1(D)(D)
122(D)8
(*)(D)
084(D)13(D)
0
(D)
Electricandelec-
tronicequip-ment
-1,374
-1,590
114
1743
1367-281-73
7-416
(D)51
-495(D)30(D)
17055
376(D)(D)(D)
2106
20
109
-71592
-13
215
-86
-59(D)67(D)(D)
2I
18(D)
-9-15
06
-1800000
(D)(D)
-10(D)(D)
0(*)(D)
0(D)(D)3632400
276379
(D)-82
(*)222
132646(D)
12
Trans-portation
equip-ment
1,914
1,388
636
947
974(D)'(*)67(D)0
(*)2903
(D)204602
27(D)(D)
0(D)
0(*)(D)67
-262184(D)(D)
526
501
34392
162(D)(D)10
39(D)
159159
00
00000000
(D)(D)(D)
0(D)
-1400
-14
(D)000
(D)22010027
(D)30
(D)
41
Othermanu-
facturing
1,651
1,676
40
1,605
1,441(D)(D)
214(D)(D)
127202
(*)148
411548
16412(D)(D)
163(D)(D)
48
-1831(D)
(D)
-24
65
105277634
(D)29
(D)
(D)46(D)(D)
(D)0010
(*)0
(D)(D)(D)(D)0
(D)250
(D)(D)
(D)(D)(D)(D)
^-81-76
3(D)(D)
6-1(D)(D)2
(*)
-2
Whole-sale
trade
2,352
2,281
47
1,828
1,19921482
252222
14-4142(*)
26014
107-105
628(D)333133
617(D)
2
320
87316
49
71
42
-119
2524
(*)(*)51(*)
9139
140H
3833106
38(D)(D)(D)
-14(D)22(*)(D)(D)(D)(D)
-17
57(D)31(D)(D)
100145(*)(D)-3-8-6(D)25-8
3
-48
Banking
-529
668
23
570
283103
131
281(D)(D)
-4691662(D)56
193
28815(D)(D)(D)
2725
(D)
14
6154(D)(D)
-1,197
-873
-20220
-26651(D)
9-3-4(D)
145(D)
121(D)
817993
(D)1
(D)(*)
1594
1815
-150
(*)3
-14
-7
-148(D)(D)(D)
158
158-85
(D)27
-2759
-9120
-16-5(D)
-14
Finance(except
banking),insur-ance,
and realestate
12,251
4,763
577
3,982
3,020123(D)60
184(D)
16141(D)
1,5901
-5828
962(D)0
(D)8
93109
151
533986
7,488
6,937
105-135595
(*)(*)12-5
92-17113-4
6,740-46
1,193(D)
5,317(*)
153(D)
31(D)-2
0(D)(D)290
(D)
-77-59
(D)(D)(D)
597556
1196
-2-24936
(*)
-25
Services
219
296
90
204
17693
46-69
(*)3
210
31(D)
(D)
-20
28-12
(*)-11-6(D)(D)(D)
26
-242905
77
-74
2617-6
3(D)(*)(D)9
(D)
-10-21
92
-89-5
-83-1-1(D)(*)(D)
156
(D)(D)-3(D)(D)
4
231222(D)(D)
2835(*)(D)(D)32
(D)(*)1
(D)
18
Otherindus-tries
-283
191
44
251
24311(D)15997
(D)-16
013(D)(D)
129
9(D)-1(D)(D)(D)-4(D)
45
-149-125
5-29
447
174
165-13
646(D)(D)(D)
(D)
-31(D)14(D)
23-12
(D)-7(D)
(°)
230
-10633
(D)(D)
-110(D)(D)(D)
-81(D)(D)(D)(D)
8637(D)(D)
(D)
-1(D)(*)
4(D)
-28
-77
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
52 SURVEY OF CURRENT BUSINESS August 1988
Table 16.—U.S. Direct Investment Abroad: Capital Outflows, 1987[Millions of dollars; inflows (-)]
All countries
Developed countries
Canada...
Europe
European Communities (12)BelgiumDenmarkFranceGermanyGreeceIrelandItalyLuxembourgNetherlandsPortugalSpainUnited Kingdom ,
Other EuropeAustria .. .Finland ...Norway . ... ..SwedenSwitzerland . ...TurkeyOther
Japan
Australia, New Zealand, and South Africa-AustraliaNew ZealandSouth Africa
Developing countries
South AmericaArgentina .BrazilChileColombia.EcuadorPeruVenezuelaOther ...
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermudaJamaica ,Netherlands AntillesTrinidad and Tobago ...United Kingdom Islands, CaribbeanOther
Other AfricaSaharan
EgyptLibyaOther ....
Sub-SaharanLiberiaNigeria ... ...Other ...
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
International
Addendum — OPEC *
Allindus-tries
44,455
34,109
6,358
23,724
20,8691,637-1532,0493,333
20983
1,357-19
2,43987
1,1867,950
2,855-55
92428180
2,1308
88
2,639
1,3881,157
109122
10,507
7,166
474-86669-712294054
-25
789241446101
5,903199
3,462-16
2,587-16180
-96
687-130
189563
8173
627187
18619239988
-316
2,4691,451
83-475
1348
321206442196184
161
476
Petro-leum
4,657
4,109
920
1,896
1,44056
30960205
(D)-16
(D)7
(D)53
1,760
45630(D)
302(D)(D)
-1348
-51
1,3441,329
(D)(D)
564
15
-287-69
376
-11-21-71
-12532
21223
16326
9054
121(D)(D)
(D)(D)
76654
-10551-1820
2621197
56(D)
17393(D)
-1616818
-5169
-5111(*)-213719
16
100
Manufacturing
Total
20,087
18,302
2,351
14,130
13,66275673
1,8082,815
14741
1,086-8182978
1,0474,497
467-105
23666
4361121
1,543
2781483397
1,785
963
70420
501551753
12611
2451972721
157
(*)125
-4(D)(D)
225
-106
170
-118
1324593
786120437
1214
14081
33733(*)
123
Foodand
kindredproducts
1,630
1,606
225
1,107
1,057603364
-12(D)
104990
161(D)
126416
50(D)
0(*)(D)(D)(D)
0
207
6763(*)
24
21
5020
-842230
4(D)48(D)
79933
11
8(D)02
(D)102
34
(D)0
(D)3000
30
00000
10(D)(*)
3774
11(*)(D)
53
Chemi-cals and
alliedproducts
4,093
3,502
82
2,820
2,778246(D)
508260
9300215(D)
3658
80812
433
(*)(D)3
30(D)(D)
498
102766
21
592
330
179-7153
128
-1572
152128
177
-1(D)(*)
9(D)-5
0(*)
(D)(D)
0(*)(D)0-1
(D)-16
4(D)(D)(D)
274592532
26(D)7
68(D)6
-15
3rimaryand
fabri-cated
metals
219
129
120
160
-155(D)(D)
-302(*)23
-22-443(D)2466
-6(*)(*)(*)124
(*)1
42
127952
31
90
56
38(D)67(D)
-38(D)15
-1
(D)14(D)(D)
(D)000(D)00
(D)-4(D)(D)
0(D)(D)0
^(D)
7-2(D)0
(D)
31118
(*)(*)1
-1(D)(D)(D)0
15
Ma-chinery,exceptelec-trical
4,691
4,352
393
3,324
3,27669(D)
5201,004
0138418-9-4(D)
1421,000
49(D)-1
254(D)
01
(D)
(D)-118
(D)18
339
259
30612
3190
(*)00
-261
-47-47
00
(*)0000
(*)00
(*)(*)(*)
000000
(*)(D)-2(D)(*)80(D)116
(D)-3
-37(D)88100
21
Electricandelec-
tronicequip-ment
1,419
1,238
207
878
843761718
1862
5044(D)41(D)19
333
34(*)
00
-13420
150
342
-3
182
187
233(D)
-259(D)(D)(*)(*)24(D)
413902
500000
(D)(D)
1(D)(D)
00
(D)0
(D)(D)2021-2
00
34817-8(D)8
-912128
16722(D)
22
Trans-portation
equip-ment
3,456
3,452
969
2,721
2,807(D)0
421,239
0(«)
1080
(D)(D)(D)
750
-86(D)(D)0
(D)0
(*)(D)
153
-85-87
(D)(D)
4
17
-24(D)
-11(D)(D)10
13(*)
414100
00000000
(D)(D)(D)0
(D)-2
002
(D)000
(D)-12
0
002
-39(D)
0(D)
14
Othermanu-
'acturing
4,578
4,024
355
3,440
3,056(D)13
651439
(D)12622450(D)10(D)
1,119
384-43
(D)(D)(D)(D)(D)(D)
(D)
(D)115(D)(D)
554
508
388(D)
316(D)(D)(D)(D)54(D)
(D)115(D)(D)
(D)0010
(*)0
(D)(D)(D)(D)
0(D)120
(D)(D)
(D)(D)(D)(D)(D)
55(D)8
(D)(D)
-10(D)19(D)-3(*)
55
Whole-saletrade
5,040
4,306
564
2,915
2,01415262
19761(D)
34223
(D)71331
110442
901(D)725653
718(D)(D)
754
73225
46
733
170
501
-33-23
85
15-24
1
49-78121
5
1725750-416(D)39(D)
-36-15
(D)1
(D)-21
(D)(D)-1
66(D)(D)7
(D)
533398
(D)(D)-221
-37(D)1110
121
-19
Banking
604
790
34
554
144111(D)
-64194(D)(D)
-107
-1222359
-61
41012
<2(D)
409-11
(D)
151
51(D)(D)(D)
-186
404
805
4736(D)67
-4(D)
145(D)
-154(D)
-339309
(D)(*)(D)(*)
-372
-69-80
800
_112-4142
-156(D)(D)
-11(D)
443166
514
-9-77288861316
20
Finance(except
>anking),insur-ance,
and realestate
13,829
6,689
2,202
4,196
3,718478187
150(D)
29067(D)
674(D)-1
1,979
478(D)
0(D)19
4460
(D)
96
1951661911
7,140
6,228
69-18109
412(D)(D)
-49-4
28115
266(*)
5,87897
3,053(D)
2,558(*)
176(D)
14-1-1
0(*)1524
0-9
8369(D)(D)(D)
815702
(D)29(*)3719651
(D)
g
Services
1,947
1,052
64
907
743995
-2611(D)89600
320(D)(D)
322
16425(*)
6-5(D)(D)(D)
36
463907
894
352
518
215
(D)(*)(D)19(D)
4942
43
25117
234-1
1(D)
(D)
121010(*)(*)
2111
49024
470(D)(D)
4132(*)-1
05
11(D)(*)1
(D)
489
Otherindus-tries
-1,708
-1,140
223
-874
-853-15
(D)66
122-1(D)
-520
17(D)(D)
-988
21(D)
0(D)(D)31(D)(D)
110
-599(D)(D)(D)
-423
-158
-93-34-12-89
(D)(D)(D)
3(D)
99(D)20(D)
-163(*)(D)
-28(D)(D)(*)(D)
-235
(D)3
(D)-28
(D)(D)
-22
-254(D)
-245(D)(D)
1135(*)(D)
2-16
6(D)
42
(D)
-145
-246
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 53
Table 17.—U.S. Direct Investment Abroad: Equity Capital Outflows, 1985[Millions of dollars; inflows (-)]
All countries
Developed countries
Canada
Europe
European Communities (10)Belgium ,DenmarkFranceGermanyGreeceIrelandItalyLuxembourgNetherlandsUnited Kingdom
Other EuropeAustriaFinlandNorwayPortugalSpainSwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa...Australia ....New ZealandSouth Africa .
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuadorPeruVenezuelaOther
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermuda....JamaicaNetherlands AntillesTrinidad and Tobago....United Kingdom Islands, CaribbeanOther
Other AfricaSaharan
EffvotLibyaOther
Sub-SaharanLiberia i.NigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong Kong
IndonesiaMalaysiaPhilippines,
South KoreaTaiwanThailandOther
Addendum — OPEC l
Allindus-tries
2,210
945
-2,625
1,321
1,21423(D)82
102(D)25319
-1351,045
10632
2029
(D)(D)
-44-1(*)
169
191227289
1,276
-1,646
5671236416(D)
2-81-2(D)
9310232
-42
-1,171(D)
-73(D)
-860-75
1622
19837(D)(D)(D)
161(D)(D)65
-1566
44-162
44
328-37
4232
8-85
3919
-4-15166
11
-24
Petro-leum
2 594
2 510
-2,733
149
410
(D)010
(D)-7
0-191
204
10800
1795
(D)(D)(D)-5
0
7
67680
-1
111
684
6055030
(D)2
-83(*)(D)
0000
-79(*)
000
-750
-4
21929(D)(D)(D)
190(D)(D)
115
700
137-122
55
284(D)
2201
0(D)-9
00
(D)149
27
158
Manufacturing
Total
287
246
70
123
157250
196902
34(D)(D)(D)
342014
21-16
(*)00
3
49(D)(D)-5
41
9
3966
-1101701
-63
(D)580
(D)
(d)0
(D)(D)
000
-5
190000
-190
(*)18
11000
68471
14(D)(D)
243
161
8
Foodand
kindredproducts
133
(D)
(D)
(D)
(D)(D)
0(*)
00
(*)(D)032
-22000
(*)0000
(*)0000
(D)(D)(D)(D)120
(*)0000
0000
(D)0
(D)0000
-5
(*)0000
(*)0
(*)0
00000
00000000000
(*)
Chemi-cals and
alliedproducts
238
162
(D)
91
8410
(D)3700
140
-4(D)
8000080000
(D)(D)
-12(D)(D)
76
22
(D)(D)120501
-60
11110
(*)
(D)00
(D)0000
(*)0000
(*)00
(*)00000
5347
25000030
(*)
-1
Primaryand
fabri-cated
metals
9
41
(D)
(D)
(D)00
(D)
000
(D)0
(*)(D)0004
(D)0000
-3
-1(*)-2
0
-51
51
(D)(D)200200
-20
(D)(D)
00
00000000
000000000
00000
00000000000
-2
Ma-chinery,exceptelec-trical
27
23
5
19
1600
(D)800
190
(D)-24
3000030000
0
9(D)
0P)
4
3
(*)02000020
2200
00000000
000000000
00000
10000010000
2
Electricandelec-
tronicequip-ment
-131
-22
(D)
(D)
172004004008
(D)0000
(D)(*)000
27
-800
-8
-109
(D)
(D)(D)95100000
1100
00000000
000000000
11000
(D)00
(D)00040
-160
(D)
Trans-portation
equip-ment
35
-40
(D)
(D)
1003
(D)00
(D)0
(D)0
(D)0000
(D)0000
0
0000
75
(D)
(D)(D)
40
(*)0032
(D)(D)00
00000000
000000000
00000
(D)0000
(D)0000
(*)
3
Othermanu-
facturing
-6
(D)
(D)
-16
(D)(D)
0-10
(D)02
1100
21
(D)0010
(D)-16
(*)00
(D)(D)(D)01
(D)7
8740000
-3(*)
-1(D)
0(D)
00000000
180000
-1800
18
00000
(D)01
(D)(D)010
(*)00
(D)
Whole-sale
trade
179
163
2
19
55-12
033282010
(*)3
37(*)
(D)0
(D)(*)(D)
00
(D)(D)(D)
0(*)17
(D)
12
(*)0000
(*)0
(D)(D)00
31000000
31
(D)0000
(D)0
(D)0
-2(*)00
-2
(D)22
0(D)(D)0
(*)0
(*)(*)
0
4
Banking
756
574
8
568
475(D)1
2511(D)(D)
2(D)(D)
397
9353
(D)(*)10
(D)4
(*)
-50
484800
182
165
927
(D)130
(*)13
(D)
(D)5
40(D)
(D)(D)0
(*)
01(*)1277004104
60028
11(D)
4-2(*)
251
9-720(D)
4
Finance(except
banking),insur-ance,
and realestate
329
829
186
479'
521(D)12
(D)(*)
010
(D)460
-4200
(*)000
4200
(D)
(D)134(D)(*)
-1,158
-1,172
-13(*)(D)8
(D)0010
1421
-15
-1,145(D)(D)
-46-864
015(*)
611007
(D)0
(D)
(D)20
(D)-1
(D)-2
0(D)
00
-12000
23
Services
236
30
-1
30
-370
(*)220000
-413
700
(*)0
(•*)0700
(*)(*)
01
-206
(D)
(*)0
(*)000000
(D)(D)00
00000000
000000b00
(D)0
-179(D)(*)(D)
(D)000034000
(D)
Otherindus-tries
274
217
158
13
1(*)
0(*)(D)0000
(*)(D)11000001
1000
(*)-71
670
-5
-42
-17
-41
(D)-6
7000
(D)-14
(*)-7-7
10
(*)10000
(D)0000
(D)00
(D)24
-100
(D)00
(D)1(D)000
(D)(D)16
>)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
54 SURVEY OF CURRENT BUSINESS August 1988
Table 18.—U.S. Direct Investment Abroad: Equity Capital Outflows, 1986[Millions of dollars; inflows (—)]
All countries
Developed countries
Canada
Europe
European Communities (12)BelgiumDenmarkFranceGermanyGreeceIrelandItalyLuxembourg ,NetherlandsPortugalSpainUnited Kingdom
Other EuropeAustriaFinlandNorwaySwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa...AustraliaNew Zealand ....South Africa..
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuador ,PeruVenezuela ,Other
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamas
JamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
EervotLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
Addendum— OPEC l
Allindus-tries
274
682
-273
-282
179-160-173-227-603
(D)15
-1,368-7(D)(D)
-85929
462(D)(D)
-136-6
-2266
-1
-149
22(D)(D)96
966
292
29724
-5482
-12(D)-4312
(D)
56392913
61721277-6786
(D)-16
(D)
-723
22-12-87511(D)(D)
76913
20746
-23309
3-144
-9-41-46
42-33
(D)(D)
10
100
Petro-leum
1,541
679
320
272
1930
(D)0003
(D)0
(D)0
(D)123
7900
760030
(D)
(D)(D)30
0
887
463
(D)(D)10
(D)(D)
0391
(D)
1100
(D)0000
(D)0
(D)(D)5
24-11-8(D)
0(D)77
(D)0
(D)-7(D)
-238(D)
0-82
00
(D)00
(D)20
26
217
Manufacturing
Total
3 216
2977
-315
-2,502
-2,060-414-80
-227-563
8(D)
-5790
-43(D)
-45-112
442(D)(D)(D)(D)
-12200
-184
25850
60
-240
-127
-14512
-73(D)
-110
-3(D)(*)
404000
2200
(D)000
(D)_2(*)
00
(*)200
-2
(D)0
(D)00
(D)(D)(*)0
-5-6
-3029(D)
2(*)
-73
Foodand
kindredproducts
-14
73
(D)
43
431
(D)000
(D)0
(D)060
00000000
-1(D)
60
(D)
88
-80
(D)0
(D)0
(*)0000
(D)(D)00
(D)000000
(D)000000000
(D)0
(D)00
(D)0000
(*)0
(D)000
(D)
Chemi-cals and
alliedproducts
549
463
(D)
470
-467(D)
0-268
(D)00
130
(D)0
(D)-54
-30003000
38
(D)40
(D)
86
-88
-703
-570
(D)02
(D)0
(D)(D)
00
(D)00(D)0000
000000000
00000
20000
(D)-16
0(D)
0(*)
(D)
rVimaryand
fabri-catedmetals
133
183
(D)
(D)
(D)00
-3100
(*)0
-1(*)
0(D)
00000000
-3
218237
019
-50
-50
-163
19010000
353500
00000000
000000000
00000
00000000000
0
Ma-chinery,exceptelec-trical
-42
-53
11
45
5400
(D)300
(D)000
(D)-22
9000
(D)(D)
00
(D)(D)330
(D)
11
(D)
202000000
(D)(D)
00
00000000
000000000
00000
(D)0
(*)0
-40
(D)(D)000
0
Electricandelec-
tronicequip-ment
2 322
2 264
-63
-2,105
-1,669(D)(D)-2(D)81
5510
(D)(D)(D)
0
-436(D)(D)(D)
0(D)
00
(D)(D)(D)
0-9
58
(D)
(D)0
-3(D)
00
-100
(D)(D)00
00000000
2(*)
00
(*)200
-2
00000
(D)000
-1-5-3
6(D)
20
0
Trans-portation
equip-ment
118
-28
(D)
(D)
(D)001000
(*)0003
(D)
00000000
10
(D)(D)0
(D)146
156
(D)2
(D)0
(*)000
(*)(D)(D)
00
00000000
000000000
00000
-100000
(D)(D)9000
0
Othermanu-
facturing
540
425
265
-16
-2200
(D)70
(D)(D)
000
(D)-37
60000600
(D)
(D)-24
0(D)
-115
(D)
50480
(D)0
-4(D)
0
(D)(D)
00
00000000
(*)0000
(*)00
(*)-1
0-1
00
(D)(D)000000000
(D)
Whole-sale
trade
113
73
24
-97
-130(D)0
(D)-25-1
0580
(D)04
-51
33(*)
0(D)(D)(D)
00
15
3429(D)(D)
-40
(D)
(D)(D)(D)0
(*)0020
(D)(*)(D)
0
(D)000000
(D)(*)(*)
0(*)
00000
(*)000
(*)(D)(D)
000
(*)(*)
0(*)
00
2
Banking
-536
-92
2
112
-69(D)9
1045(D)(D)
-591(D)(D)
(D)326
-436000
-5131
1
171430
-443
-581
123(D)31(D)
251
(D)
334
29(*)
-737(D)0
(*)10
(D)
-61100
-5(*)3
-1
8500
(D)(D)
59143
(D)-5(D)(D)(D)(D)(*)(D)
17
Finance(except
banking),insur-ance,
and realestate
3,209
2,208
-28
2,319
(D)(D)(D)30
2(*)
-50(D)(D)(D)
05
590
(D)000
(*)(D)00
8
-91-91
0(*)
1,001
636
231
(D)(D)
000
-210
-14-8(D)(D)
627(*)
277(D)
7850
(D)96
(*)(*)n00
-i00
-1
(D)00
(D)1(D)
3700
2110
(*)(D)
0
0
-25
Services
-193
-205
-10
-180
-13039
(D)(D)
00
(D)0
(D)0
(D)1-50
00
(D)(D)
-32(*)
0
(D)
(D)(D)
0(D)12
1
-2-1(*)
000000
3300
00000000
000000000
(D)1(D)00
(D)(D)000000000
(D)
Otherindus-tries
418
222
-216
18
(D)(*)
00
(D)00
(D)010
-352
(D)000
(D)000
0
-23100
-33
-212
(D)
47(D)(D)
2(D)(*)
2(D)0
(D)00
(D)-15
(D)0
(D)0002
(D)0000
(D)-110
(D)(D)
0(D)
00
-8200(D)0
(D)00000
16
(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 55
Table 19.—U.S. Direct Investment Abroad: Equity Capital Outflows, 1987[Millions of dollars; inflows (-)]
All countries
Developed countries
Canada
Europe
European Communities (12)
DenmarkFrance
Greece ...IrelandItalyLuxembourgNetherlandsPortugalSpainUnited Kingdom
Other EuropeAustriaFinlandNorwaySwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa...AustraliaNew ZealandSouth Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuadorPeruVenezuelaOther
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamas ,BermudaJamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
EffVDtLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther . . .
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
Addendum— OPEC l
Allindus-tries
2,470
772
408
798
789-37
(D)228
-387(D)(D)
12436(*)104
1,200
9-47
047-4232
-7
-280
-153(D)(D)
-61
1,718
392
-18-24110
-69-23
6(*)
-3213
91100(D)(D)
320(D)(D)
2-928
3-9
-82
2973
(D)0
(D)295-4(D)(D)
211-10
(D)53(D)
817950
16343
3264460175251
-20
156
Petro-leum
1,589
1,253
-26
(D)
5770
(D)(D)(D)
00
(D)0(D)0
(*)911
(D)00
3800
(D)0
0
(D)(D)00
(D)-14
-10(D)
0500
-7(D)
(D)(D)00
(D)000030
(D)
(D)(D)
0(D)(D)
0(D)5
(D)0
(D)(D)(D)-261
3(D)(D)
00(D)00
(D)38
(D)
172
Manufacturing
Total
205
116
188
117
138(D)0
219-229
(*)-4110(D)
-221
-16299
-22(D)00
(D)(D)1
(D)
106
-82-78
05
89
77
101414(D)
-2800
-11(D)
67(D)0
(D)
00000000
(D)0000
(D)0
(*)(D)(D)(D)500
182
(D)-2
585
378
(D)0
-19
Foodand
kindredproducts
59
141
.(D)
107
107(*)
04
(D)00
(*)000
(*)(D)00000000
-3
(D)(D)00
81
(D)
-461
(D)(°)
000
(D)(D)(D)0
(*)00000000
000000000
00000
(D)000
-3(D)
00000
0
Chemi-cals and
alliedproducts
42
62
60
17
15102900
(D)(D)(D)
0(D)0
32000
(D)0
(D)-3
-12120
(*)
20
10
2515(D)0
-100
(D)0
151500
00000000
000000000
(D)0
(D)00
(D)00
-20000
(D)00
-42
Primaryand
fabri-cated
metals
-204
-162
(D)
(D)
206(*)
04
(D)00
(D)1000
(D)(D)
000
(D)000
0
(*)(*)
00
-42
(D)
(D)(D)93
(D)0000
(D)(D)00
00000000
000000000
(D)0
(D)00
00000000000
(D)
Ma-chinery,exceptelec-trical
8
-38
29
-84
-8200
57505
(D)000
(D)2
-20000
-200
(D)
(D)(D)0
(D)46
39
260
26000000
131300
00000000
000000000
00000
70
(D)0000
(D)000
0
Electricandelec-
tronicequip-ment
52
g
(D)
-31
-3100
(D)(D)(*)
05000
(*)(*)
00000000
(*)(D)
00
(D)61
(D)
100
(D)0000(D)0
(D)(D)0
(D)00000000
000000000
(D)(D)000
13000
-2(D)-5
4(D)
00
5
Trans-portation
equip-ment
-78
204
26
100
-10000
(D)500
(D)0
(D)05
(D)
00000000
(D)(D)(D)
0-1126
111
(D)0
(D)0
(*)0040
(D)(D)00
00000000
(D)0000
(D)00
(D)00000
(D)000000
(D)000
4
Othermanu-
facturing
325
326
2
(D)
437(D)
0(D)(D)
01
(D)031
(D)287
(D)(D)000
(D)10
(D)-2
00
-2
-1
(D)
(D)(D)(D)0
(D)00
(*)0
(D)
(D)00
00000000
-40000
-40
(*)
00000
(D)200020
(D)0
(D)0
(D)
Whole-sale
trade
96
79
8
37
604
(D)
74040
-20
(D)27
-22(D)
06
(*)(D)(*)0
(D)
(D)(D)06
17
1
(D)17(D)010000
(D)(D)00
00000000
0.00000000
00000
1700
-50
(D)(D)0003
-5
Banking
567
-131
(D)
-32
-96(D)(*)20(D>(D)(*)
712(D)(D)
229
64(D)
030
53(D)0
6
(D)0
(D)(D)
698
464
1222
(D)(D)
06
(*)(D)5
(D)(D)48(*)
(D)(D)0
(*)(D)
0-9
2
-28(D)(D)
00
(D)-4
0(D)
21002
19
241(D)3
(D)(*)1354239
(D)8
29
Finance(except
banking),insur-ance,
and realestate
2,087
1,212
414
1,107
(D)(D)(D)(D)60
(D)(D)(D)(D)(D)(D)
920
(D)101
(*)(D)0
(D)(D)(D)(D)
0(*)
875
49
-23-5(D)(D)
000
(D)0
-39-6(D)
(°)
111(°)(°)(*)(D)
0(*)-1
000000000
(D)(D)(*)(D)0
(D)(D)0
(*)20
(*)0010
(D)
Services
191
162
-3
125
125001
-20000
(D)0
(*)(D)00000000
(D)(D)(D)0
(D)29
28
(D)0
(D)000000
(D)(D)00
00000000
000000000
10100
00000000000
1
Otherindus-tries
2,265
-1,918
(D)
(D)
(D)00030010
(D)00
(D)(D)000
(D)(D)00
(D)-642-642
0(*)
(D)
-213
(D)(D)
0(D)
00000
0000
(D)001000
(D)(D)
0000
(D)0
(D)(D)22
-100
(D)0030
(D)00003
(D)
(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
56 SURVEY OF CURRENT BUSINESS August 1988
Table 20.—U.S. Direct Investment Abroad: Reinvested Earnings, 1985[Millions of dollars]
All countries
Developed countries
Canada. . ...
Europe . .
European Communities (10) .Belgium . . .Denmark . .FranceGermanyGreeceIrelandItaly . . . .LuxembourgNetherlandsUnited Kingdom
Other EuropeAustriaFinlandNorwayPortugalSpainSwedenSwitzerlandTurkeyOther
Japan .. .
Australia, New Zealand, and South Africa ...AustraliaNew ZealandSouth Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuadorPeruVenezuelaOther
Central AmericaMexicoPanamaOther.
BahamasBermudaJamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
EffvptLibya .Other
Sub-SaharanLiberiaNigeriaOther.
Middle EastIsraelSaudi Arabia ...United Arab EmiratesOther ....
Other Asia and Pacific.Hong KongIndiaIndonesiaMalaysia . . .PhilippinesSingaporeSouth KoreaTaiwanThailandOther
International
Addendum— OPEC 1
Allindus-tries
19,009
16,243
2,001
13,644
11,375623212
1,1012,722-53676792
221,4553,825
2,2691268
18237
183169
1,61215-9
1,027
-430-304
34-160
2,842
1,882
-227-91-56
46715
-52-53-60
182357
-127-47
1,927149480
24802-6450432
7599399535
-24-49211185
18551
17980
124
70012749
1748972
15610624
114-66
76
738
Petro-leum
2,594
2,475
738
1,540
1,2503237
-26266
(D)-1(D)(°)
363679
291(D)-588
-221
(D)(D)(D)(D)
115
81(D)5
(D)
150
-164
12-31-8
6106(D)
-49(D)-3
98
2425
1672
323
(D)(D)(*)
2
111742287
^3538(D)
183(D)
-17•(*)327055
22029(D)
198(D)
-28-68
(*)-788
-61
32
510
Manufacturing
Total
10,054
9,118
952
7,998
7,63530226
9092,051
-4405737-8743
2,473
363181
(D)2661
128(D)(*)
-34
602
-434-275
4-163
936
579
232-81377
3-31
13-9
-32-3
357351
(D)(D)
1020
-235
-91
15
-95302
-140
1428
99(D)
-114(D)3
465103315(D)(D)
314326322-6
-130
Foodand
kindredproducts
971
920
64
844
7991
265973(*)87440
150360
45(*)
0(')5
(D)(D)(D)(*)
0
25
-13-9
2-6
51
96
643923(*)-7
3-2
44
2323-2
2
8(*)
0(*)3104
410013011
10100
492
(*)(*)(*)
-52-2
23
-1(*)
g
Chemi-cals and
alliedproducts
970
945
-68
1,021
956351
79116
98(D)(D)
284348
65(*)(*)
63
315
29(*)3
72
-79-36
446
25
47
92
672
3624
212
6737(D)(D)
2920
231
-1001
-11100
-207
-9
-92(D)(D)13
70(D)12
-15(*)
7(D)
311
-9
(D)
Mmaryand
fabri-catedmetals
198
212
62
210
230122
14149
018(D)(D)1227
20(*)
0_1
213-8
400
32
-27-25
1_1
13
15
1412331
(*)27
(*)
263132
3000
(*)003
-2110
(*)-2
01
-1
-24(D)(D)0
(*)
-2-8
41
(*)1
-211
(*)0
(D)
Ma-chinery,exceptelec-trical
4,043
3,913
86
3,550
3,23812(*)
586959
0104539-7208838
312(°)(*)
0(D)(D)(D)500
(D)
(D)-59
(*)(D)
130
77
8423630
(*)00
-31
-7-7
00
(*)0000
(*)00
(*)(*)(*)
000000
(D)1(D)(*)(D)(D)10(*)(*)0
470
(D)
c
(D)
Slectricandelec-
tronicequip-ment
637
366
119
312
313(D)-71999(*)3890(D)-844
-13
-1(D)15
-33(*)(D)(*)
0
-55
-10-5-1-3
271
62
71-9802
-32
(*)4
-3
-1140
-16
20000011
^3110
(*)50
(*)-5
55
(*)00
2081024
213
130-931151
11
Trans-portation
equip-ment
1,614
1,282
547
704
887(D)
063
3560
(*)(D)
0-4425
183(D)
00
(D)-163
70
(*)-32
(D)
(D)-69-2(D)
332
163
-25(D)971
(D)
0-51-6
188188
00
00000000
^21
00300
-3
00000
1710
00
(D)(D)(D)(*)
2
-50
Othermanu-
facturing
1,619
1,480
142
1,358
1,212168
390
298
623822
102431
1465124
3010981
(*)
79
-99723
30
140
120
43(D)524
(D)
(*)29(*)
717515
600
(*)0
(*)06
= 5= 1-1
0(*)-4
07
10
(D)2
(D)-1-1
(D)9r
-4(D)
-2(D)(D)1
-1
43
Whole-sale
trade
1,952
1,626
85
1,423
69814013211616(D)(D)42(*)
144102
725106972193622
480(D)(D)
153
-35121336
326
107
-4(*)
6-9(*)
2-4-1
1
554713-5
561712(D)6
(D)-2
2
-1111
(*)(*)
-12(D)(D)11
80(D)(D)
2
150137
6— 2(D)20(D)16
— 43
49
Banking
355
801
11
783
424658
48200-63
(D)(D)321791
360441
10680
277-5
1
51
-44(D)-1(D)
-445
-83
-4643
-43514(D)(D)-3-5(D)
27-334-5
35310(D)
7°)(°)308-1
-205
-50
(*)-15
-163
-88(*)(D)
-12(D)
-254102(D)-5
47971(D)
-5011
-24
Finance(except
>anking),insur-ance,
and realestate
3,224
1,671
90
1,488
1,03264(*)23
1451
(D)(D)(D)
129330
456(D)0
(D)(*)
2(D)
4320
20
72
209
101
1,554
1,467
612-2
251
(')5
2106
2084
1,671102457-2902(*)(D)(D)
-21220
(*)-23
0(*)
387
-9(D)(D)
69431414
-3182
-1(*)
30
Services
412
311
59
264
188197
21-8(*)10190
4673
763
(*)43
17(*)4611
-1
-11-9(*)-2
101
-6
53
—142
•(*)(*)-2(*)
-8-14
15
-216(D)
(')(*)(D)(*)
1315(D)(D)(*)-2(*)(*)-3
1019
96(D)(D)
-7-5
-20
-52
(*)
13
94
Otherindus-tries
418
241
66
147
149139
511
-1-4
01376
4̂(*)11
— 2(*)
1(*)
35
-7-14
25
221
-18
1435
-7(D)(*)12(D)(D)
-2910(D)(D)
26(*)-1(D)-1-2
2(D)
117
(D)(D)-2
4
(D)(D)
171(D)
164(D)9
5714(*)114
(D)1
(D)15
-5
-44
210
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 57
Table 21.—U.S. Direct Investment Abroad: Reinvested Earnings, 1986[Millions of dollars]
All countries
Developed countries
Canada
Europe
European Communities (12)BelgiumDenmarkFranceGermanyGreeceIrelandItalyLuxembourgNetherlands .PortugalSpainUnited Kingdom
Other EuropeAustriaFinlandNorway >SwedenSwitzerlandTurkeyOther
Japan .
Australia, New Zealand, and South Africa-AustraliaNew ZealandSouth Africa
Developing countries
Latin America
ArgentinaBrazilChileColombiaEcuadorPeruVenezuelaOther
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermudaJamaica.......^ ,Netherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
EgyptLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and Pacific
India . .IndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
I nternational
Addendum— OPEC 1
Allindus-tries
19,709
18,680
2,076
14,192
11,644863110
1,3613,476-156
7712,166
1372,744
58195
-81
2,5487
4135
1052,369
115
2,254
15870
-67154
1,677
1,933
320204
4935471113813
508-1549133
1,104-3471,607
21-359-71235
19
-708-264-186
2553
-444-26
72491
-2692
2101
327
47820472
24613
121233
10459623
649
39
Petro-leum
470
1,546
-391
1,316
1,16440
-3293
592(D)
-22274(D)
1,2543
-33-990
152(D)(D)
45(D)(D)
1(D)
617
471(D)(D)
-476
239
21047137
425
21113
2
70-11
6418
-42-27
301
(*)(D)1
(D)
655-269-186
2756
-386(D)86(D)
701
147<*)
-78
-130159
-214(D)
-1215(*)
685(D)
600
55
Manufacturing
Total
11,158
10,253
1,465
7,754
7,404433
461,0402,275
17575
1,52686
9041936
446
35035(D)1477
2482
(D)
1,133
-99-161
458
905
396
361125214
81682
-3422
79391822
-44-7
0-8
6-26
1-10
323
-104
-350
-2115
-529
-4235
5454349
4-26
38385
93515-8
-82
Foodand
kindredproducts
1,458
1,390
105
1,136
1,0573225
112111
108111
0239
769
243
79(*)
0(*)(D)(D)10
52
98(D)1
(D)
68
35
252832363
—2-36
5
5434
416
70014
(*)01
31001100190900
213
(*)(*)(*)231
1051
(*)
24
Chemi-cals and
alliedproducts
2,483
2,271
50
1,892
1,854220
(D)302281
9203263
(D)247
880
247
383
-152
28(*)1
269
59442
14
212
82
1289
1472
-1012
252
-4-5(D)(D)
-42-7
0-9
1(D)
0(D)
-23-2-2
00
-210
-183
14
(D)
(D)
15239225
(*)8
(D)5
382
(D)
-45
Primaryand
fabri-cated
metals
446
456
179
236
243185
13148(*)1434-618512
7(*)
0-1_Y
100
33
891
16
-10
31
145
1033
(*)(*)19-1
164
(D)(D)
1000
(*)0016110
(*)6016
-45-144
00
-3-7
4(*)-1
1-2
11
(*)0
-26
Ma-chinery,exceptelec-trical
3,069
3,069
170
2,539
2,461(D)
2292731
092
782-7238
(D)(D)
226
798
(*)0
(D)(D)
00
(D)(D)(D)(*)8
(*>
-20
30-33
700
(*)0081
-51-51
00
(*)0000
(*)00
nn(*)000000
31
(*)3
<*)
189
10(*)-1
032-1
-3320
-6
Electricandelec-
tronicequip-ment
810
697
173
381
34963(D)17
1396
3997(D)3
(D)(D)41
32(D)1
(D)4920
126
171711
113
-138
-984
-1072
(*)2
(*)83
(D)-29
0(D)
(D)000001
(D)
4110
(*)30
(*)3
2224200
225-1(D)5
-20-3185
6337
(D)
9
Trans-portation
equip-ment
490
124
562
-257
-231(D)0
70475
0(*)330
-4(*)(D)
-510
26(D)0030
C)(D)
(D)
(D)(D)-4(D)
366
246
122(D)371
-710
20(D)
124124
00
00000000
(D)(*)<*)
00
(D)00
(D)00000
(D)01003
(D)-1201
-19
Othermanu-
facturing
2,402
2,247
226
1,827
1,671175
6234390
3119206105163
371
198
15614(D)(D)5
130(*)(*)
175
1933
13
155
160
190(D)
1103
2442
28(D)
(D)381
(D)
(D)0010
(D)04
(D)2103
(D)0
-1(D)
51
(D)-1(D)
(D)2
(D)-6-4
7(*)
9-12
2(*)
28
Whole-sale
trade
2,702
2,422
125
1,966
1,25720192
198164
65
150(*)
283149955
709-16
34373
646(D)(D)
339
-8-67
753
280
109
2328
^(*)31
-35(*)
69-36111-5
62(D)41-7-3(D)-5
9
1844
(*)(*)
-22(D)
-5(D)
47(D)123
(D)
142186(*)-6(*)1
-13-40
16-7
4
-33
Banking
33
780
35
689
356791038
236(D)
2122(D)511498
-132
33392
-14
325-8
2
13
4440(*)3
-747
-291
-3254
2975644
1012
113(D)92(D)
-79-282
(D)(*)(D)(*)
188-5
-9-14-13
0(*)
4(*)
83
-2331
(D)(D)
235
213987
272353
1215352
-30
Finance(except
banking),insur-ance,
and realestate
4,370
2,848
540
2,111
1,1729569
116(*)
2196929
21415
410
938-4
0(D)(D)
8850
33
99
988685
1,522
1,440
11314411571
(*)38-5
18913
2001
1,13953
1,514(D)
388(*)49(D)
5-1
10
(*)660
(*)
284
(D)(D)
7960734
-16832
(*)
32
Services
364
269
111
127
64146
-16-29
(*)2
250
177
-1149
632
(*)(D)
4(D)31
16
161204
95
26
221713
(*)(*)-1
3(*)
-9-19
82
121
12(D)-1(*)1
(D)
889
(*)(*)(*)(*)1
-1
532144-2
-10
8-3(*)-2
0-2
29
- (*)13
35
Otherindus-tries
611
561
192
230
226(*)
2-1123-1
110
21(*)
81
4(D)(*)
9(*)
— 10(D)(*)
37
10390(D)(D)
99
14
-3931
-1-12-1
-3351
-3(D)-2(D)
56(D)(D)(D)(D)-3(*)
4
74331
— 1133
-17
44(D)(D)
(D)
48(*)(*)-3(D)442
-2-1
4(D)
-49
63
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
58 SURVEY OF CURRENT BUSINESS August 1988
Table 22.—U.S. Direct Investment Abroad: Reinvested Earnings, 1987[Millions of dollars]
All countries
Developed countries
Canada
Europe
European Communities (12)BelgiumDenmarkFranceGermanyGreeceIrelandItaly...LuxembourgNetherlandsPortugalSpainUnited Kingdom
Other -EuropeAustriaFinlandNorwaySwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa-Australia ,New Zealand ,South Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuador .PeruVenezuelaOther
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermudaJamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan .
EgyptLibyaOther
Sub-SaharanLiberia ....NigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
International
Addendum— OPEC l
Allindus-tries
35,669
30,240
4,848
21,718
19,4561,330
1221,5494,530
4978
1,29657
1,84358
9206,770
2,2624290
25473
1,8371
32
2,467
1,207867107232
5,667
3,507
8089
60852
116-20-62130
-24
1,038503434101
1,660-5481,560
48477
247822
86-209-190
217
2955
22070
13064
21828
-180
1,944702
49671077
487109336131
-25
237
630
Petro-leum
2,933
2,473
856
1,311
1,021(D)-415
21663
80(*)
189(D)
-901,116
290(D)(D)
162(D)8661
121
184162(D)(D)
626
249
313377
90-29
(D)-29
(D)
136(*)
143-6
116-22
(D)55
(D)(*)
6
35-188-157
g24
2233
20218
2391
2071813
103242
44(D)(D)
6(*)1
(D)-34
166
420
Manufacturing
Total
20,385
17,908
2,484
13,508
13,08766162
1,2123,593
13808
1,14917
70469
8423,957
4213
(D)1946
3677
(D)
1,433
4823553294
2,478
1,361
8104
548345553
1627
5624703259
107
(*)73
-414
687204
6102
59
297
1714
1,020108478
1765
46232
24046-4
195
Foodand
kindredproducts
1,968
1,701
326
1,140
1,089563380
166(*)84
1150
905
54406
5110
(*)(D)(D)
0
175
5952(*)7
267
186
12923267
314
-1326
5237
42
60021102
32(D)
20
(D)(D)
00
(D)
00000
494
(*)11
3683
-4(*)(*)
37
Chemi-cals and
alliedproducts
3,632
3,108
296
2,300
2,253238-1160247
9288181(D)
328(D)93
734
471
-163
3720
370
141118
617
524
274
16441
16278
-15
212
131106(D)(D)
217
(*)101
-501
8(*)(*)
008035
224
(D)(*)(D)
220532572
28(D)7
516
(D)
42
Primaryand
fabri-cated
metals
875
728
300
335
33627
19104
03019
—427(*)23
109
1(*)
0(*)-7
4(*)1
40
53212
30
147
95
63(*)59(D)(D)(*)1
(D)1
3324(D)(D)
1000
(*)001
26(D)10
(D)(D)0
-1(D)-7-2-4
00
33(D)8
(*)-1
1-1(D)(D)(*)
0
1
Ma-chinery,exceptelec-trical
4,477
4,169
392
2,984
2,945492
453925
0164558
811
121682
40-2-1
1(D)(D)
0(*)
(D)
(D)(D)(*)10
309
133
175(D)
1710
(*)001
(D)
4141
00
(*)0000
(*)00
(*)(*)(*)
000000
1(*)-11
(*)175-314(*)10
701
(D)(D)
0
1
Electricandelec-
tronicequip-ment
1,178
963
174
696
(D)57(D)
2179
24939(D)41(D)11
220
(D)(*)
00
-1(D)
20
82
1182
(*)
215
157
164(*)
-18121
(*)(*)173
4302
30000012
1(*)(*)
00100134
-100
36713-8
076
2271678272
16
Trans-portation
equip-ment
3,724
3,212
433
2,870
(D)(D)0
1001,475
0-32601
(D)(D)
812
(D)00030
(*)(D)
(D)
(D)(D)
73
512
400
1515
77(D)(D)10
(D)(*)
249249
00
00000000
511004004
00000
1070
(*)002
(D)(D)
70
(D)
43
Othermanu-
facturing
4,531
4,027
563
3,182
2,908(D)(D)
399497
2196212
47219
9(D)
994
2744
(D)113
2443
(D)
155
126841626
504
429
293(D)
234(*)
61
-244(D)
134127
16
30010
(*)02
-41203
-50
(*)5
10(*)(D)(*)(D)
69(D)8
-17
-82
1713(D)-2
55
Whole-sale
trade
4,107
3,583
155
2,827
2,209275
56295245
25
1951
7722893
242
6185
704320
473(D)(D)
454
1473211
103
524
165
-74-5
-3919(*)
25
-191
13513
1156
1042441(D)-2
11
(D)
-20651
(*)-25
(D)1
(D)
39(D)
2(D)9
340331
(*)(D)(D)
3(*)
-1020
6-5
-12
Banking
26
927
82
599
253(D)5
65268-16
(D)-15
197
1662
-90
34652
(*)-3357-13
2
138
109100
81
901
-872
-433
-316
(*)(*)-7
59
1991
2021
-630603
(D)(*)-2(*)
-31(D)
41-51-50
0-110
_114-4
17717
-13171
188622
-6-9
-20147166(D)(D)
-9
Finance(except
banking),insur-ance,
and realestate
6,407
3,650
704
2,543
2,087183
272871
2614920
30624
1,100
456-22
0(D)21
4420
(D)
231
172140
1912
2,758
2,471
95167921(D)(*)(*)3
(D)
319-7324
2
2,05853
1,437-2472
(*)101
3
12-1-1
0(*)131201
34(D)1
(D)(*)
241204
1(D)-3(D)-3
652
(*)
49
Services
874
820
107
674
5572786
31-1(D)490
211(D)6
298
1178
(*)6
-4104
31
19
201505
54
36
3910106
(*)(*)
14(*)1 2753
-48
-16(*)116
-4
'1098
(*)(*)111
(*)
-30(D)
-32(*)(D)
3816(*)
045
(D)(*)1
(D)
-22
Otherindus-tries
938
880
459
255
24262
1490-1-1
-500
33(*)1
148
14(D)
0(D)(D)9
(D)(*)
72
9463(D)(D)
129
96
-1672
-2(D)1
(D)4
(D)
85321636
28(*)-3(D)(*)(D)(*)3
229432
13(D)(*)(D)
-4(D)172
(D)
1442(*)-3
2375
(D)42
(D)
-71
9
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 59
Table 23.—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1985[Millions of dollars; inflows ( —)]
All countries
Developed countries
Canada
Europe
BelgiumDenmarkFranceGermanyGreeceIrelandItalyLuxembourg ,NetherlandsUnited Kingdom
Other EuropeAustriaFinlandNorwayPortugalSpainSwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa-AustraliaNew ZealandSouth Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuadorPeruVenezuelaOther
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermudaJamaicaNetherlands Antilles ,Trinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other Africa
EgyptLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab Emirates. . ..Other
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippines
South KoreaTaiwanThailandOther
Addendum OPEC l
Allindus-tries
1,269
-1,628
80
1343
741161(D)
321-905
(D)21
162177938
602311
-8-30
(D)(D)
-519-813
-36
-169-194
3511
2,660
3,847
263-22
-13123(D)
-28-85
-163(D)
-206-23-44
-138
4,315(D)
191(D)
4,150-33
2411
-241250
(D)(D)(D)
-491(D)(D)58
-1055962
-100-2
-841-45-1
-231-54-87
-240-88-19
-14267
238
-1,069
Petro-leum
-1,432
-313
158
416
409117(D)
138-581
(D)(D)(D)(D)72
189
79
(*)32(D)(D)
-14-2(D)(D)
11
-66(D)(D)
4
1 266
235
238-2(*)(D)
-28-38
(D)63
28-24
62-10
-265-33
-160(D)
-44(D)
29
-237245
(D)(D)(D)
-482-9(D)(D)
-2815
146-140
(*)
-514(D)(D)
-208(D)(D)30(D)(D)(D)16
147
-1,087
Manufacturing
Total
-1,298
-688
12
690
637-8
-1293
-2661
8224(D)(D)(D)
-53-30
(D)(D)
-1611-3(D)(*)(D)
-52
42(D)(D)
-610
-277
-226-61-82-120
__1-23-85
7
(D)22-8(D)
(D)(*)
0(D)(*)
7°)3
-3220
(*)-5
0117
-3(D)3
(D)-1
-326-18
29
4019
-257-12
14-57
(*)
-87
Foodand
kindredproducts
92
(D)
(D)
(D)
(D)(D)(*)
-2431(*)-2(D)
02330
-31(D)00
(*)(D)(D)(*)
00
38
10283(*)19
(D)
(D)
(D)(D)
-12(*)-3(*)(*)
54
-139
(D)
(°)
(°)
(°)
0
8(D)0
-2
-20000
-20
(D)(D)
(*)0
(*)00
17(D)
001
1412
(*)(D)(*)
(D)
Chemi-cals and
alliedproducts
-426
-150
(D)
9
7882(D)(D)
-281
93(D)1
165(D)
69(*)(D)(D)-754-226(D)(D)
(D)
(D)-47
(D)(D)
-276
-213
(D)(D)
-101(*)21-1-1
-190
-46-46
(D)(D)
(D)(D)
0(D)(D)-4
0(*)
2(D)(D)
0(*)(D)0
(*)(D)(*)(D)(D)(D)(D)
-65(D)-1-3(*)
-15(D)-1-5-3(*)
-24
Primaryand
fabri-cated
metals
-127
-108
(D)
(D)
(D)7
(D)(D)
-530
-2(D)(D)
-10-9
(D)0
(*)(*)
41
(D)(D)00
-3
-5-4(*)
19
-23
(D)(D)1
(D)-2(D)-1
-24(*)
1(D)(*)(D)
(D)000000
(D)300003003
-1(D)(*)
0(D)10
(*)(*)(D)-1(*)(D)
000
(D)
Ma-chinery,exceptelec-trical
-74
-21
8
43
-40380
(D)-67
0-16-28-1(D)21
2(D)0
(*)3
(D)7100
(D)
(D)(D)
1
52
-22
-2019
-380000
-10
-2-2
00
(*)0000
(*)00
000000000
(D)-11-2(D)(D)52
(D)(D)(*)
20
(D)(D)
0
-3
Electricandelec-
tronicequip-ment
-232
-115
(D)
(D)
44(D)331
(D)-210-110
-34
(D)(D)(D)41(*)(D)(*)(D)(*)0
7
-18-10-2-6
117
(D)
(D)(D)39(D)(D)(*)(*)
-110
-23-21
0-2
000000
(D)(D)
-4(*)(*)
00
-40
(D)(D)
22
-100
(D)1
(*)1036
-15-103
9-9
-19(D)
(D)
Trans-portation
equip-ment
-585
-478
(D)
(D)
-52329(')
-10139
00
(D)0
(D)-345
(D)001
-1(D)(D)
00
(D)(D)(D)
-31(D)-2
-107
(D)
(D)-12-3(D)(*)0
(D)-30
(D)
(D)(D)(*)
0
00000000
1(D)(D)
0(D)(D)00
(D)-1
000-1
(D)0100
-1(D)(*)(*)
0(D)
30
Othermanu-
facturing
53
(D)
(D)
64
(D)3
(D)22-9(D)113
21101108
(D)2
(D)(D)1
(D)106
(D)(D)(D)
(D)
(°)
(°)
(°)
(°)
12
282
32(*)(D)(D)(D)5
(D)
(D)(D)26
(D)00
(*)0
(D)0
(D)-4(D)(D)
0(D)(D)
0(D)3
(D)
7°)(D)(D)3
(*)(*)(D)
2-1(*)(D)(D)(*)(D)
(D)
Whole-sale
trade
-298
-436
-29
221
215157
65-4(D)(D)
1200
173
-43652
(D)(D)(D)3
(D)5
(D)
(D)
(D)(D)162
138
(D)
-5(*)-8
3191
(*)17(*)
(D)(D)292
84(D)
4(D)
-13(D)(D)(D)
(D)4400
(D)0
-5(D)
1852(D)(D)(*)
(D)7602
(D)(D)
914222
-24
Banking
-18
-24
15
-29
3(D)
03
(*)(D)
0(D)(D)(D)-6
-320
(D)0
(D)(*)
0(D)
00
0
-10(D)(D)0
6
1
00
(D)00
(D)000
(D)00
(D)(D)(D)
00
(D)(D)(*)0
200002002
000
(D)(D)
3(D)
0-1
0(*)1(D)(*)
00
-1
Finance(except
banking),insur-ance,
and realestate
4,350
-281
-156
-70
11(D)(D)
-32(D)(*)
9(D)(D)(D)53
81(*)
0(D)
02
(D)-78
0-4
(D)
(D)84(D)6
4,631
4,570
-2315(D)(*)(D)
0-1-1
58-766-1
4,536(D)(D)(D)
4,2080
(D)(*)
3330
(*)(*)(D)
0(D)
(D)1
23(D)1
(D)67(D)(D)-1
3-3
-240
(D)(D)
27
Services
102
-47
21
-68
-82-25
(')3
-140
(*)10
433
152011119
(D)(D)
53
-12-12
1(*)
149
(D)
112
(*)111
(°)9
(D)
(D)(D)11
543
(D)(*)
00
(D)9
-44
(D)(D)
0(*)(D)(D)(*)
(D)-45044(D)
(D)270
(D)0
(D)(*)1
2(*)(D)
(D)
Otherindus-tries
-137
160
59
152
1592
(D)51(D)(*)(D)50
35(D)
-7(*)(D)(D)
0-2
1(D)(D)
0
11
555110-6
-388
-306
1-13
(D)20-8(D)(D)(D)11
-267-14
-136-118
-39(D)-3(D)(D)11
(D)
(D)(*)(D)(D)
0(D)3
(*)(D)
48(D)(D)(D)(D)
(D)(D)0
(D)(*)
22
(*)(D)(*)(D)
91
(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
60 SURVEY OF CURRENT BUSINESS August 1988
Table 24.—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1986[Millions of dollars; inflows (-)]
All countries
Developed countries
Canada
Europe
BelgiumDenmarkFrance ....GermanyGreeceIrelandItaly
Netherlands ,PortugalSpain ,United Kingdom
Other Europe
FinlandNorwaySwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa...
New Zealand .South Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuadorPeruVenezuelaOther
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermudaJamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
SaharanEffvott^y viLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong KongIndiaIndonesia
PhilippinesSingaporeSouth KoreaTaiwanThailandOther
International
Addendum— OPEC l
Allindus-tries
7,828
1,805
841
1,465
1,002-558-94128484
(D)58
37888(D)(D)
2601,404
463(D)(D)
504389211
-72
-123
-378(D)(D)
-13
6,161
5,135
26318
2164387(D)
-87138(D)
-358-158-126-74
5,23041
412-32
4,875(D)65(D)
749505251
-53700-14
(D
(D
228-204-157
4786
504133jj
~310-143;
388(D
(D
137
1,06
3etro-leum
1,953
438
443
441
-25-66
(D)-206
123(D)(D)(D)1
(D)-6(D)
729
466-1(D)
516-20
12
(D)
(D)
(D)(D)
-3414
1,656
374
(D)(D)83
(D)108798635
-1191
-82-38
(D)30
582(D:
-166( ,
4
(D)303351
-53(D)(D)(D
(D
(D:
(D
50108
390(*
314(D
33(D
(D
(D
14
1,15
Manufacturing
Total
1,897
1,664
341
1,259
1,228-309
-5251213
3(D)1082
199(D)
-161,030
32(D)(*)(D)(D)25(*)24
60
4243
-23
232
156
30745
182(D)
55
(*)(D)
2
-151-149
-2(*)
(4(D)-2(*)(D)-1
-366
01
-420
-18-24
(D)14(D)(*)16
(D)(D)
7214
-2"
<"'57(*
77
Foodand
dndredproducts
26
9
(D)
122
126-27
(D)16
-1950
(D)50
(D)(*)1
127
4(D)
00
(*)8
(D)0
20
(D)(D)(*)
7
17
11
(D)-2(D)(*)10
(*)80
(D)(D)(*)
7
(D)(D)(D)(*)(?
0(D)
3000030
(D:
c(D)
00
(D)(D:
(c(*(D
(D
(D
-8
dhemi-als andallied
products
2
-5
(D)
-22
7(D)(*)56(D)3
-61410(D)-3(D)
-94
16(*)(*)(D)
-16(D)(D)
8
(D)20(*)(D)
4
1
1137-6(*)(D)(*)(*)(D)0
(D)(D)(D)(D)
(D)(D)
0(D)(D)
(°)
0(D)
4r.K
C(*)
c(*)-i(*)(*(D)(D
(*
(D
(D
(D
(D
'rimaryand
fabri-cated
metals
-8
10
(D)
(D)
(D)(D)(*)
411(*)
23
1328(D)(D)(D)
-30
(*)(*)
3(*)
00
-1
54
(*)1
18
3
8(D)10(D)(*)(D)(*)-1
0
(D)— 3(*)(D)
(D)000
(D)00
(D)-18
(D)(D:
cc0
(D)-1(D:
0(D)
— i000
(*' c(D
(D00
-2
Ma-hinery,exceptelec-trical
648
528
-92
462
445(D)(D)(D)9803
(D)(*)(*)
6-10132
16(D)(*)
010(D)
00
91
67(D)(*)(D)
120
(D)
341122000010
(D)(D)
00
(*)c00
(*:c000000000
(°(D
(D
(D
(D
(D
(D
4<(D
(D
Electricandelec-
tronicequip-ment
138
-23
5
-19
-47(D)10-7(D)(D)1141(*)(D)5
1214
2822(D)7
-2(D)
00
(D)
(D)(D)(*)-4
160
(D)(D)
(°)
43(*)(D)(*)(*)10(D)
29(D)
0(D)
(D)00000
(D)
12(D)(D
((D
0(D
(D
138600
(D
38(D
(D
-61
3!
(D
36(*
Trans-ortationequip-ment
1,306
1,292
(D)
(D)
(D)154(*)-4(D)
0(*)-4
01
(D)(D)(D)
(*)(*)(D)
0(D)00
(*)(D)83
(D)(D)
13
99
(D)(D)(D)(D)(D)
00
604
(D)(D)
00
00000000
1(D)(D)
0(D)(D:
c(D)(D.
000
(D
(D
0(*
00
(D
-108(D
0(D
60
Othermanu-
'acturing
-211
-147
80
206
-208(D)(D)(D)(D)(D)(D)
(D)
104-15
1(D)
-209
21
(*)
-427(D)(D)
(D)
(D)-10
(D)(*)
-64
(D)
-36(D)
-42
(Di(?(D;(D)(D)(D)(D,
c00
(*:(D
(D:12(D
(D
0(D
(D
o(D
— 6
(D
(D
(D
(D
-10(D
(D
(D
(D
(*(D
(°(*:
(D
Whole-sale
trade
237
68
54
-41
72(D)
— 10(D)8381
500
(D)14
-109
-114(D)(*)(D)(D)(D)-5(D)
-33
6169(D)(D)
169
(D)
(D)(D)(D)
44
-4-118(*)
(D)(D)
(D)
(D)-31
1-35
(D.
(D)18(*)(D)(D
0(D
(°
-104-112
19(D
(D
(D
(D
(°10
(D
-16
Janking
-26
-19
13
6
-5(D)03100
(*)6
(D)(D)(D)-1
-20
(D)(D)(D)
20
(D)
0
00
(D)(D)-7
1
0(D)
0(D)(D)
00
(D)(D)0000
-1(D)
0000
(D)
2000(
~0(
0(D
00
(D
7°(Do
(D
(D
(D
(D((
o
Finance(exceptanking),insur-ance,
and realestate
4,672
293
65
-448
(D)(D)(*)2166(D)-8(D)(*)(D)
04
— 172
(D)(D)0
(*)(D)(D)
025
44
4644(*)1
4,965
4,862
-30-16
(D)(D)-3-1
060
-824
(D)(D)
4,9747
44
4,9200
(D)(D)
27(D
0(D
(D
240
(D
(D
67(D
(D
12(
(*
(c
-3
ervices
47
231
-10
257
2422
(D)(D)0
(*)(D)
0(D)(D)
268
15130
(')•(D)27(D)(D)
(D)
(D)(D)
0(D)
-184
-101
51
-5
(Di(°](D)
4c
1(*)
-102-6
-94(D
(D
(*)
7°CD
(D(v
(°-10
(D
(D
(°
?
?
(°
C
(°
(°
Otherndus-tries
-477
-148
69
4
(D)11(D)16(D)6
(D)(D)
0-8(D)(D)-4
(D)(*)-1(D)(*)(D)(D)(D)
8
-229-225
(D)
(°)
-333
(D)
-80(D)(D)43
-39(D)(D)(D)(D)
(D)-616(D)
-19-1(D)
-5(D)1
25
(D)1
(*)(D)(D)(D)(D)(D)-5
(D)-30-73
(D)-15
-5238(D)(*)(*)(D)
(D)1
(*)68
5
(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 61
Table 25.—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1987[Millions of dollars; inflows (—)]
.Developed countries
Canada i
Europe
European Communities (12)BelgiumDenmarkFrance ............GermanyGreece .Ireland
LuxembourgNetherlandsPortugalSpainUnited Kingdom
Other Europe . . . .AustriaFinlandNorwaySwedenSwitzerlandTurkeyOther
Japan.
Australia, New Zealand, and South Africa...Australia . . . . . . . .New ZealandSouth Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombiaEcuadorPeruVenezuela .Other . .
Central AmericaMexicoPanamaOther
Other Western HemisphereBahamasBermuda ,JamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
Eevpt . .. ... .LibyaOther
Sub-SaharanLiberia
Other
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther . . . .
Hong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
Addendum — OPEC 1
Allindus-tries
6,315
3,097
1,102
1,209
625345
(D)271
-809(D)(D)
185112597
19270-20
584-50
2128110271-4127
452
334(D)(D)
-49
3,122
3,267
316-72-48
9-105
4322
-15314
340361(D)(D)
3,922(D)(D)
-663,039-43111
-36
30477(D)58(D)
2271
(D)(D)
-155138(D)
-63(D)
-293-201
18-199
63
-210378814
158
96
-310
Petrorleum
135
383
90
(D)
-158(D)(D)(D)(D)
>)(D)(D)(D)8
36-266
(D)(D)
410356(D)(D)
48
-172
(D)(D)
(*)7
(D)
220
273(D)-2-2
-1068
(D)-89-14
(D)(D)2032
(D)-31
(D)(D)(D)(D)
(D)13
(D)(D)5258(D)(D)
(D)174
(D)(D)(D)(D)
-152
-342(D)(D)(D)(D)(D)(*)-3(D)14
(D)
-493
Manufacturing
Total
-503
278
322
505
437(D)11
376-549
1-63
47(D)
1478
220240
68(D)(D)18(D)(D)3
49
217
-122-130
18
-782
-475
-1169
— 61(D)
-43-1(*)
-24(D)
384(D)-5(D)
2510
193
..(*)(D)(D)
(D)-2-3
01
(D)03
(D)
(D)(D)
-17-9-1
-25210(D)1
-1-43
-3181289(D)
5
-53
Foodand
kindredproducts
-397
-236
(D)
140
1394
(*)-20
(D)(D)20
-160
70(D)71(D)
-1(D)
000
-1(D)0
35
(D)(D)(*)-3
-161
(D)
345
(D)(D)-1
0(D)16(*)
(D)(D)-431
3(D)
0(*)(D)
00
(*)3
(D)(D)00
(D)00(D)00000
(D)(D)00
-1(D)-11
-60
(D)
16
Chemi-cals and
alliedproducts
419
332
-274
503
5109
(D)347
4(*)12(D)
-11(D)(D)(D)78
711
(D)(*) '(D)(D)
0
131
- -27-31
(*)3
87
66
4018(D)
41
(*)(*)(D)
0
67
(D)(D)
20(D)
019(D)(*)
01
4(D)(D)
0(*)(D)
0-3(D)
(D)1
-17(D)-1
(D)5
-1-2(*)-138(*)(D)(D)(D)
-15
Primaryand
fabri-cated
metals
452
-438
(D)
(D)
-284(D)(D)19(D)(*)8
(D)(*)16(D)1
(D)
(D)(*)(*)(*)(D)(')
0(*)
1
74740
(*)
-14
(D)
(D)(*)17(*)
(D)0
(D)
0
-2(D)(*)(D)
(D)000
(D)00
(D)30
0(D)
0(D)3000
-30
(D)0
-10
(D)-1(D)
(*)0
(*)(*)
0(*)7°)
0
(D)
Ma-chinery,exceptelec-trical
206
221
28
424
41320(D)1084
021(D)
-3(D)(D)
315
11(D)(*)(*)(D)_7
01
-26
-149163(D)(D)
-16
86
105(D)
1210000
-27(D)
-19-19
00
(*)0000
(*)00
000000000
1(D)-1(D)0
-101(D)(D)
6(D)-3
-1070
(D)(D)
0
-22
Slectricandelec-
tronicequip-ment
189
283
(D)
213
(D)20(D)(D)(D)(*)(*)(*)(D)(*)148
112
(D)(*)
00
(*)(D)
00
68
(°)5
(*)(D)
-95
(D)
-79(D)(D)(D)(D)(*)
0(D)(D)
(D)(D)0
(D)200000
(D)(D)
(*)(D)(D)
00
(D)0
(D)(D)(D)(D)-1
00
334
(*)(D)3
(D)-100
8(D)5
(D)
1
Trans-portation
equip-ment
-190
444
562
49
(D)540
(D)-240
03
(D)0
-12
139(D)
(D)(D)(D)
0(D)
00
(*)1
-69(D)(D)(D)
634
494
(D)(D)(D)
-Is-1
0(D)(*)
(D)(D)
00
00000000
(*)(D)(D)
0(D)(D)
00
(D)(D)000
(D)(D)0100
(D;(D)i02
-33
Othermanu-
facturing
279
-329
-207
(D)
-290(*)(D)(D)(D)(D)
-71(D)
-97(D)(*)17
163
(D)(D)-5(D)(D)49(D)48
7
(D)31(D)(D)
51
(D)
(D)3/DI
(D)(D)(D)(D)1017
(D)(D)(D)
(D)000000
(D)
(D)(D)(D)
0(D)30
(D)(D)
(D)(D)3
(D)0
(D)(*)(*)(D)(D)
7°)(°)(D)(*)i
CD)
Whole-sale
trade
837
645
402
51
-254127
(D)
99— 191
(D)2924(D)
-562
(D)172
305237
33(D)(D)_ j
(D)
(D)(D)-6
-63
192
5
(D)-11
(D)_473
105
(*)
(D)(D)6
-1
68349
(D)18(D)38-3
-16
(D)0
(D)54
(D)(D)
2735(D)(D)(D)
17667(D)(*)(D)(D)(D)(D)9
4123
-3
Banking
11
-6
(D)
-13
-13-5(D)
-18(D)
00
0(D)(D)-6(*•)'.
0(D)(D)0
(D)0
(D)(D)7
(D)(D)00
17
4
00
(D)(D)(D)
00
(D)(D)
(D)00
(D)(D)(D)
00004
(D)
0(D)(D)00
(D)00
(D)0
(D)(D)0
(D)14(D)
0(D)
014
-5110
(D)
0
Finance(except
janking),insur-ance,
and realestate
5,335
1,828
1,084
546
(D)(D)(D)(D)57(D)(D)(D)1
(D)0
(D)-41
(D)(D)
00
-3(D)0
28
(D)
(D)(D)(*)-2
3,508
3,707
-33
(D)(D)(D)(D)(D)(D)(D)
i28(D)(D)
3,709(D)(D)(D)(D)
075(D)
300003
120
-10
(D)74(D)-6(D)
(D)(D)(D)(D)1
(D)2310
-1(D)
(D)
Services
882
71
-41
108
6172-331
(D)(D)110
(D)2
(D)
(D)
47180
(*)-1(D)(D)(D)
(D)
(D)(D)0
(D)
811
288
(D)-2(D)-1(D)0
(D)5
(D)
(D)(D)2'
(*)
25510
2501
(*)(D)-5(D)
322
(*)01001
518(D)
501(D)
0
3150
(*)01610
(*)-21
510
Otherindus-tries
-382
-102
(D)
(D)
(D)-21
(D)52290
(D)30
(D)(D)(D)(D)
(D)(*)
0(*)
0(D)(D)(D)
-51(D)(D)(D)
(D)
41
(D)(D)14(D)37(D)11-1(*)
14(D)
4(D)
(D)(*)(D)(D)(D)
-100
52
(D)
(D)0
(D)(D)
-145
(D)
-2527
261(D)(D)
(D)80
(D)0
(D)2
(D)(*)(*)35
(D)
(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
62 SURVEY OF CURRENT BUSINESS August 1988
Table 26.—U.S. Direct Investment Abroad: Income, 1985[Millions of dollars]
AH countries
Developed countries
Canada
Europe
European Communities (10)BelgiumDenmarkFranceGermany .GreeceIrelandItalyLuxembourgNetherlandsUnited Kingdom
Other EuropeAustriaFinland ... .Norway ..PortugalSpainSwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa...AustraliaNew ZealandSouth Africa
Developing countries
Latin America
South AmericaArgentinaBrazilChileColombia.Ecuador ..PeruVenezuelaOther
Central AmericaMexico ..Panama ..Other
Other Western HemisphereBahamasBermuda
Netherlands AntillesTrinidad and Tobago ... .United Kingdom Islands, CaribbeanOther
Other Africa.Saharan ... .
EgyptLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
International
Addendum— OPEC l
Allindus-tries
33,202
26,098
4,307
19,800
16,317944235
1,4473,401-20785
1,02579
2,1976,224
3,4833685
60149
312190
2,1194942
1,617
3732786135
6,845
2,338
908115524
5216493372225
1,128642490
4
3021,0971,415
303220
156774
50
941554485
96-28388-5339150
40258
269150
-74
3,163515
641,385
33211639717090
140-46
258
2,463
Petro-leum
9,306
5,977
1,306
4,044
3,2863240
-12388
(D)3
(D)(D)
1,0411,889
759(D)3
491-19
1(D)(D)(D)(D)
168
457(D)12(D)
3,065
446
269107
27
140(D)
-49(D)(*)
621
76-13
11578203
(D)(D)11
875515457
87-29360
(D)351
(D)
78(*)-3126
-46
1,66532(D)
1,371(D)-4
-39(*)-599
-59
265
2,021
Manufacturing
Total
14,677
12,610
2,135
9,721
9,16351334
1,0562,438
(*)50189544
8542,828
557263
(D)33
171135(D)3
-34
981
-2271511388
2,067
1,434
802-38779
122716-3
81
627575(D)(D)
550
-185
-81
20
166402
100
20-10
-61(D)
-78(D)4
6777941-5(D)(D)
335688627
36
Foodand
kindredproducts
1,619
1,414
172
1,089
1,005133074
141(")
119700
170388
8450
(*)6
(D)(D)(D)10
86
67154
48
205
226
1394864164
-1106
777117
10(*)013105
510013012
10100
-262
(*)1
(*)-44-2116
(*)(*)
17
Chemi-cals and
alliedproducts
2,320
2,043
236
1,723
1,622208
1144227
1117(D)(D)
310573
100217
-3556
35(*)-3
123
-40-7
4-37
277
240
11113
1118
-102
-4-11
2
147113(D)(D)
1850
191
-903
6110050
13-8
-90(D)(D)
23
120(D)18
-73
26(D)
3438
(D)
Mmaryand
fabri-catedmetals
453
363
101
304
315183
23165
018(D)(D)2661
-11(*)
0-1-2-5-7
400
-31
-10-12-1
3
89
66
10-11
12(*)11
-29
(*)
533915-1
3000
(*)003
(*)2101
-20
-1(*)
10(D)(D)
0(*)14841
(*)1
-211
(*)0
(D)
Ma-chinery,exceptelec-trical
4,738
4,454
250
3,683
3,36215(*)
5971,000
0113575
7209859
320(D)(*)
0(D)(D)(D)700
(D)
(D)-53
(*)(D)
284
186
18636
1510
(*)00
-21
(*)(*)
00
(*)0000
(*)00
(*)(*)(*)
000000
(D)1(*)(D)(*)(D)(D)11n
d500
(D)60
(D)
Electricandelec-
tronicequip-ment
1,042
638
153
514
503(D)-637
158(*)41
108(D)2876
124
(*)(D)16
-32
' $0
33
47
-1-2
404
146
1299
1342
-23
(*)4
-3
15170
-2
20000011
-3110
(*)-4
01
-5
55
(*)00
2561224
237
1381338171
12
Trans-portation
equip-ment
2,005
1,582
880
659
790(D)
067
3600
(*)(D)0
-3317
131(D)00
(D)-107
70
(*)-32
(D)
(D)652
(D)
424
242
43(D)
1641
(D)
0-51-6
199199
00
00000000
11100
-1001
00000
1810
00
(D)(D)(D)
202
-50
Othermanu-
'acturing
2,501
2,116
343
1,748
1,566172
6114388-2936563
114552
18282
(*)4
3312
1212
(*)
84
-59-37
528
385
329
184(D)
144(*)(1
2491
137136
1(*)
80010
(*)08
7-1-1
0(*)
8071
(1(D)
(*)
(D)1654
(D)
1(D)(D)2
(*)
65
Whole-sale
trade
3,161
2,434
142
1,996
98415714221175(D)(D)86(*)
167138
1,012147576214329
724(D)(D)
260
363121
-15
727
276
659
40133134
13173635
802115(D)9
(D)93
11321
(*)8
(D)(D)
89(D)(D)-4
6
352232
(*)8
22(D)19(D)2776
66
Banking
2,886
1,429
12
1,361
957151
892
251-34
(D)(D)3219
398
404441
10710
31023
80
-24(D)
TD)
1,457
1,285
-35413
36418(D)(D)C)
7D)
179-2187-5
1,460845
(D)-1(D)(D)
5612
(*)(*)(*)
0(*)(*)1
1311
-43(*)(D)1
(D)
21540(D)3
143377(D)
-2218
15
Finance(except>anking),insur-ance,
and realestate
1,464
2,569
307
2,099
1,45865(*)59
1871
(D)(D)(D)39
754
640(D)0
(D)(*)
2(D)
5680
55
82
8163117
-1,105
1,211
751252(*)
61
(*)83
1409
1265
-1,426130
1,3622
-3,132(*)(D)(D)
-25430
(*)-29-30
01
4111
-9(D)(D)
904824141
27211
44
Services
720
512
95
400
292237
3041
1129
063
126
1074
<*)53
22(')6912
7
10111
-1
208
54
2494431
(*)11
3-8
65
2817(D)-1
11
(D)1
1618(D)(D)(*)-2
1(*)-3
11711
106(D)(D)
2013(*)-1
0-4
31
26
112
Otherindus-tries
988
568
310
179
17623
1158-1-1-2
01591
45
(*)111
(*)-6
1C)
39
39134
22
427
52
2849
10(D)(*)13(D)(D)
-14-3(D)(D)
391
-1(D)
-22
(D)
488
(D)(D)-240
-12(D)
(°)
182(D)
175(D)9
14470(*)55
(D)1
(D)35
-3
1
241
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 63
Table 27.—U.S. Direct Investment Abroad: Income, 1986[Millions of dollars]
All countries
Developed countries
Canada
Europe
European Communities (12)BelgiumDenmarkFranceGermanyGreeceIrelandItalyLuxembourgNetherlandsPortugalSpainUnited Kingdom
Other EuropeAustriaFinlandNorwaySwedenSwitzerland ,TurkeyOther
Japan ,
Australia, New Zealand, and South Africa...AustraliaNew ZealandSouth Africa ..
Developing1 countries . . . . .
Latin America
South AmericaArgentinaBrazil. . . . .Chile.. .. . . .Colombia. . . . . . .EcuadorPeruVenezuela . . . .Other
Central AmericaMexicoPanama ..Other
Other Western HemisphereBahamasBermudaJamaicaNetherlands AntillesTrinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
EgyptLibyaOther
Sub-SaharanLiberiaNigeriaOther
Middle EastIsraelSaudi ArabiaUnited Arab EmiratesOther
Other Asia and Pacific ...Hong Kong .. . . .India .. .. . .
Malaysia ..PhilippinesSingaporeSouth KoreaTaiwanThailandOther
I nternational
Addendum— OPEC 1
Allindus-tries
38,417
32,144
5,086
22,781
18,9921,383
2772,0624,723
119840
2,613148
3,17982
4393,365
3,78914294
419190
2,8754028
3,345
93253869
326
6,685
3,403
1,662367803
94153793
15217
1,09721482062
644635
2,02653
-2,71944
56144
29010802445
279-25432128
56296
3137974
2,43157888
564155203479109110146
2
412
1,572
Petro-leum
8,065
6,226
841
4,232
3,618201
6128831
(D)-18280(D)
1,5343
32699
614(D)(D)
310(D)(D)16(D)
757
396279
(D)(D)
2,228
627
3819418
775721
1241
108118434
138-26
881
(*)(D)1
(D)
213-77027
-49220
(D)442(D)
5131
18271
258
876609
546(D)
541(*)
6104(D)
390
1,359
Manufacturing
Total
17,911
15,589
2,738
10,956
10,44859755
1,5153,028
18613
1,85496
1,02232
2651,351
50941(D)16
140331
6(D)
1,862
32-75
1494
2,322
1,520
1,238206893
2365105
1124
306207
6732
237066
2516
-146105
-200
20(*)
4831836
7671355911
-1066
403325819-6
24
Foodand
kindredproducts
2,091
1,870
224
1,372
1,2724432
122156(*)
117144
0258
989
302
10040
(*)(D)(D)10
147
128(D)1
(D)
221
161
8633433
2042
227
68455
18
70024
(*)01
510014004
90900
463
(*)2
(*)29-1
572
(*)
-8
Chemi-cals and
alliedproducts
3,896
3,391
519
2,443
2,386313(D)
378376
9211311(D)
2798
100407
574
(*)53
45(*)1
335
93702
21
506
327
23222
2097613
-172
11883(D)(D)
237081
(D)0
(D)
20-1
100
-190
17-2
35
(D)2
(D)
1954429112
22(D)
7423
(D)
-30
Primaryand
fabri-cated
metals
724
632
216
358
364195
24195(*)14366
34-5
840
-6(*)
0-1-6
100
35
23(*)
21
93
71
296
-5251
(*)20(*)
418
(D)(D)
1000
C)001
8210160
-17
(*)1100
1484
(*)-1
1-2
11
(')0
21
Ma-chinery,exceptelec-trical
5,096
4,863
282
3,715
3,583(D)2
6181,035
0102981-7238(D)(D)
382
1328
(*)0
(D)(D)00
(D)(D)(D)111
233
174
21426
1950
('l0
_71
-404000
(*)0000
(*)00
(*)(*)0
000000
31
(*)3
(*)
554011(*)(*)
035-1
-3120
-5
Electricandelec-
tronicequip-ment
1,371
967
186
576
52773(D)27
1966
39109(D)43(D)(D)72
49(D)(*)(D)
42320
178
27261
(*)
404
106
1435
1302
(*)-1(*)10-3
(D)-26
0(D)
(D)000001
(D)5220
(*)30
(*)4
2325200
2704
(D)5
-81
199103810(D)
11
Trans-portation
equip-ment
1,347
921
835
257
286(D)
072
5140
(*)3703
(*)(D)
127
-29(D)
0030
(*)(D)
(D)
(D)(D)(*)(D)
426
304
173(D)843710
-20(D)
132132
00
00000000
(D)(*)(*)
00
(D)00
(D)00000
(D)01003
(D)1401
19
Othermanu-
facturing
3,385
2,945
475
2,235
2,029182
6273557
3131236111172
379
276
20615(D)(D)10
1693
(*)
185
50228
20
440
377
361(D)
2366
4153
48(D)
(D)41
(D)
(D)0010
(D)06
(D)2
-103
(D)0
-1(D)
101(D)(D)(D)36(D)-6-3
92
1023
(*)
53
Whole-sale
trade
4,493^
3,733
204
2,943
1,835270212300232
131
180(*)
36924
105129
1,10860776311
877(D)(D)
451
134262881
760
260
47142716745
-283
10413
121-4
109(D)4522-2(D)
510
10541
(*)4
(D)-3(D)
58(D)162
(D)
432308
(*)2
187
291036177
-10
Banking
2,495
1,521
35
1,338
952201-10
87298
(D)12
155(D)5514
102154
386122
-14
36423
104
4441(*)3
974
1,025
-2047
-21016-5
6-1-8-8
202(D)
181(D)
1,027599(D)
8(*)
391(*)
7-11-11
0(*)191
108
-1961
(D)(D)
-204
138-13
13-13-6865
4218-2
7
1
Finance(except
banking),insur-ance,
and realestate
3,657
3,695
715
2,721
1,664946
29207
122810830
11515
839
1,058-4
0(D)(D)
9810
55
106
152135
88
-38
-164
18323922392
(*)39-5
3625
3552
-70930
1,833(D)
-2,752(*)
161(D)
21
(*)0
(*)2101
208
-4(D)(D)
10367734
-1-319421
56
Services
705
504
138
316
2101961
12(')
334
0658
-1098
1064
(*)(D)
(D)32
24
2619(*)
6
201
86
38184431171
7-3
83
411
35(D)
13
(D)
111111-1(*)(*)11
-1
672350-2
4
3720(*)
0229
(*)26
49
Otherindus-tries
1,093
876
415
273
265(*)
26
138-1-1
20
20(*)3
95
8(D)(*)
9(*)-7(D)(*)
41
147112(D)(D)
239
48
-214
-13
-2-1
-3261
8(D)
4(D)
62(D)(D)(D)(D)-2(*)
7
60543
-15563
46
53(D)(D)1
(D)
781
(*)15(D)512214
(D)
-22
94
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
64 SURVEY OF CURRENT BUSINESS August 1988
Table 28.—U.S. Direct Investment Abroad: Income, 1987[Millions of dollars]
All countries . .
Developed countries
Canada
Europe .
European Communities (12)BelgiumDenmarkFranceGermanyGreeceIrelandItalyLuxembourg. .Netherlands . .Portugal ..SpainUnited Kingdom
Other Europe .Austria.FinlandNorwaySwedenSwitzerlandTurkeyOther
Japan
Australia, New Zealand, and South Africa...AustraliaNew ZealandSouth Africa
Developing countries..
Latin America
South America. ..ArgentinaBrazilChileColombia ..Ecuador ..Peru-VenezuelaOther .
Central AmericaMexico .PanamaOther
Other Western HemisphereBahamasBermudaJamaicaNetherlands Antilles . . . .Trinidad and TobagoUnited Kingdom Islands, CaribbeanOther
Other AfricaSaharan
LibyaOther
Sub-SaharanLiberiaNigeriaOther .
Middle EastIsraelSaudi Arabia . .United Arab EmiratesOther ..
Other Asia and PacificHong KongIndiaIndonesiaMalaysiaPhilippinesSingaporeSouth KoreaTaiwanThailandOther
International
Addendum— OPEC 1
Allindus-tries
52,308
43,342
7,022
30,860
27,0841,697
2472,5905,715
361,1992,010
1473,010
941,3109,030
3,776128157474183
2,82132
-20
3,642
1,8181,285
135398
9,029
3,870
1,903237
1,17912019419
-53221-13
1,511697681134
45676
2,02896
216554
31848
763175186
110
58824
267297
38072
270138
-99
4,0161,064
71975228194734176399173
2
-63
1,896
Petro-leum
8,130
5,541
1,450
3,204
2,675(D)
48461
71
-781
588(D)25
1,587
529(D)(D)
340(D)
1047
(*)
412
474376
(D)(D)
2,644
488
16395488
1144
(D)-17
(D)
177(*)
16511
14922(D)
65
(D)
10
596177201-618
4193
244172
3611
22311225
1,199562
871(D)(D)33(*)1
(D)-27
-55
1,453
Manufacturing
Total
27,041
23,351
3,539
17,217
16,60182775
1,9504,123
16895
1,729106
1,06975
1,0604,677
61615(D)21
144447
9(D)
1,971
62443741
146
3,690
2,208
1,44859
1,013479986
20610
7536077472
73
(*)53319
8614806
7204
68
468
3214
1,350184551422
121568
6027751-2
266
Foodand
kindredproducts
2,784
2,328
433
1,587
1,5096544
125230(*)
125180
0154
780
501
7850
(*)(D)(D)10
227
8067(*)13
456
319
21431838
394
(*)409
99488
43
60031102
36(D)
40
(D)(D)
00
(D)00000
1014
(*)21
658
1281
(*)
46
Chemi-cals and
alliedproducts
5,369
4,581
810
3,175
3,100375
(*)454383
10309259
(D)356
(D)130842
753
(*)66
5820
423
172137
630
789
465
27331
2181027'(*)
5422
199144(D)(D)
-83
(*)91
-402
111100
10046
356
(D)
(D)
2787430125
41(D)
9567
(D)
82
Primaryand
fabri-cated
metals
1,170
979
345
527
527137
30184
03320-447(*)24
172
(*)(*)
0(*)
65
(*)
42
6628
236
190
133
77(*)64(D)(D)11
(D)(*)
5730(D)(D)
_1000
(*)001
28(D)10
(D)(D)
0-1(D)
5-2
300
35(D)81
(*)1
-1(D)(D)(*)
0
4
Ma-chinery,exceptelec-trical
6,542
6,045
410
4,461
4,33549
2771961
0171931
8233-1250975
126211
(D)(D)
0(*)
(D)
(D)(D)1
22
497
276
309(D)
2690
(*)001
(D)
-33-33
00
(*)0000
(*)00
(*)(*)(*)
000000
1(*)-11
(*)2202515(*)10
84-1(D)(D)
0
1
Electricandelec-
tronicequip-ment
1,573
1,182
215
818
(D)60(D)14
1852
5047(D)50(D)15
296
(D)(*)
001
(D)20
134
161321
391
50
61(*)80211
(*)18-3
7402
30000012
433001001
44
-100
43421-8
08
122523186292
18
Trans-portation
equip-ment
3,979
3,334
517
2,890
(D)(D)
0116
1,4900
-3270
(*)(D)(D)
790
(D)00030
(*)(D)
(D)
(D)(D)
94
646
468
214• 7134(D)(D)10
(D)(*)
255255
00
00000000
511004004
00000
1720
(*)002
(D)(D)90
(D)
44
Othermanu-
facturing
5,624
4,902
809
3,759
3,434(D)(D)
440690
421026513222811(D)
1,101
3249
(D)137
2824
(D)
164
1701082041
722
597
421(D)
3244
1921
57(D)
169158
110
70010
(*)05
3220410
(*)1
13(*)(D)(*)(D)
109(D)
9-1
8(*>
41821(D)-2
71
Whole-sale
trade
6,633
5,701
376
4,370
3,060340161456395
410
223(*)
83049
143449
1,31042
1208230
1,019(D)(D)
728
2278526
116
933
368
179
-211264954
17827
1457
1732544(D)
25
(D)
13751
(*)6
(D)3
(D)
53(D)5
(D)19
498381
(*)(D)(D)1037
43117-3
18
Banking
2,152
1,770
83
1,389
956(D)-211
37910(D)5
19111964
228
43310-2(*>'-3421
43
190
109100
81
382
1
2932-92111
-6-1-8
-981
-1012
7153(D)
-1(*)
112(D)
-18-43-42
01
24(*)159
-11717
_4120
5151951442
25898679(D)(D)
19
Finance(except
banking),insur-ance,
and realestate
5,640
4,704
837
3,408
2,666181
291
1712
2769821
23027
1,584
743-5
0(D)24
7080
(D)
242
2171802018
936
614
20323
13125(D)(*)(*)15(D)
39924
3722
12116
1,880-2
-2,174(*)
1911
111
(*)0
(*)10902
45(D)1
(D)(*)
266209
(*)(D)(*)(D)-216631
71
Services
1,231
1,088
141
894
766368
1443-1(D)560
238(D)7
340
1288
(*)84
11331
25
2821(*)
6
143
91
531114621
-1181
12363
268712181
1199
(*)(*)111
(*)
-16(D)
-25(*)(D)
5832(*)(*)'
045
(D)12
(D)
7
Otherindus-tries
1,480
1,187
596
377
36162
20143-1-1
-230
45(*)
4165
17(D)
0(D)(D)
9(D)(*)
75
13986(D)(D)
301
100
-9831
(D)1
(D)5
(D)
91361936
17(*)-3(D)
(D)(*)
6
6510
442
54(D)(*)(D)
6(D)262
(D)
1309
(*)533
425
(D)62
(D)
8
76
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 65
Table 29.—U.S. Direct Investment Abroad: Country Detail for Selected Items[Millions of dollars]
Line
1
2
3
4
56789
101112131415
161718192021222324252627282930313233
34
35363738
39
40
414243444546474849505152535455
56575859606162636465
66676869707172737475767778798081828384
All countries
Developed countries
Canada
Europe .
European Communities (10)Belgium.Denmark.FranceGermanyGreeceIreland.Italy.Luxembourg .NetherlandsUnited Kingdom
Other Europe.AustriaFinland.Norway.PortugalSpainSwedenSwitzerlandTurkey.Other
CyprusGreenland .Hungary.Iceland.Liechtenstein.MaltaRomania.Yugoslavia
Japan
Australia, New Zealand, and South Africa.Australia.New Zealand.South Africa
Developing countries
Latin America.
South AmericaArgentinaBrazil.Chile .ColombiaEcuador .Peru.VenezuelaOther
BoliviaFrench Guiana.GuyanaParaguay.SurinamUruguay
Central AmericaMexico .PanamaOther
Belize .Costa Rica.El Salvador.GuatemalaHondurasNicaragua
Other Western HemisphereBahamasBermudaJamaica.Netherlands Antilles.Trinidad and Tobago.United Kingdom Islands, Caribbean.Other
Antigua and BarbudaBarbadosCubaDominica.Dominican RepublicFrench Islands, CaribbeanGrenadaHaiti.St. Lucia.St. VincentSt. Christopher and Nevis
Direct investment position
1983
207,203
155,736
44,339
92,178
70,2104,4381,1366,614
15,319327
2,4604,4611,2066,613
27,637
21,968545197
3,094219
2,287894
14,09912151221006
320
8
7,661
11,5589,005
5661,987
45,746
24,133
18,7482,7029,068
1082,123
4422,0421,711
552160
635(D)
100
9,9044,3814,837
686-4616610021421635
-4,5193,762
11,056310
-22,956862
1,960488
458(D)
0258
13(*)17(D)
00
1984
211,480
157,123
46,730
91,589
69,5004,5841,1446,406
14,823265
2,8694,594
4245,839
28,553
22,089530191
2,841205
2,139844
14,725228385
17007
327
(D)
7,936
10,8688,918
5101,440
49,153
24,627
18,7142,7539,237
472,111
3711,9021,761
534168
326(D)88
9,8534,5974,474
782-3515894
24028839
-3,9413,331
13,019257
-24,664667
2,992458
447(D)
(*)
23911(*)22(D)10
1985
230,250
172,058
46,909
105,171
81,3805,0381,2817,643
16,764^210
3,6935,906
6907,129
33,024
23,791493258
3,215237
2,281933
15,766234375
16008
350
89,235
10,7438,772
5761,394
52,764
28,261
17,6232,7058,893
882,148
3611,2431,588
597216
229(D)96
9,6585,0883,959
6112
11373
21317139
9803,795
13,116122
-20,499484
3,490472
(D)81(D)(*)
2129
(*)26(D)10
1986
259,562
194,691
49,994
122,165
98,4725,2291,1138,857
20,846172
4,3956,935
72611,61835,692
23,693386292
3,626278
2,6121,002
17,842242302
13-39
(D)
8339
D5
11,332
11,2009,120
5131,567
60,270
34,790
18,6442,9199,187
2242,033
4681,1312,139
543159
221(°)
117
9,5714,7504,293
52D
8
113
16116751
6,5752,762
14,765107
- 15,817368
3,771620
7212
(D)1
19912(*)29(D)(*)
0
1987
308,793
233,315
56,879
148,954
122,2477,0781,114
11,47824,450
2155,4848,449
72314,16444,673
26,707387387
4,142381
4,0371,188
19,973241390
9(D)(D)8
408
1
14,270
13,21210,988
6351,590
71,174
42,337
19,3122,8549,955
2242,037
4971,1022,124
519128
414(D)
125
10,4304,9974,780
6546
14151
15920393
12,5942,566
18,22990
-13,208356
3,970592
(D)
21791
155261
34(D)
21
Capital outflows (inflows (-))
1983
373
2,135
604
525
-722-489
11-609-182-68390239110
-250126
1,247-23
20142
-71-45
-1601,423-25-14
(*)001
-9
1,257
-25217
-52-217
-1,943
-3,692
-1,149-164-150-231
364487
^982-41
13
2-22
(D)
-14
^-345-704
460-102-49
245
-19-31-31
-2,197635
-24-72
-3,125-69536-77
13
(D)0
32(*)
0-2(D)
00
1984
2,821
1,101
2,259
47
-65142
7-404-520-7339413840
-679891
112-15-7
-253-22
-146-42580101
-84-4
0017
-361
-844-237-60
-548
2,382
-171
103104239
-68-11-75
-14378
-21D8
-4-10
(D)-12
-75190
-37310811-9-637723
-199-1311,068-53
-1,908-1951,042-21
(*)-11
(D)(*)
-10-2(*)
5(D)10
1985
18,068
13,669
-705
13,622
11,849485149
1,5041,920-36721985
481,2414,831
1,773-16
7137615
19771
1,04963
_•]_001
37
1,160
-408-271
42^180
4,226
4,083
-1,05710
-25143
-466-11
-218-218
5339
-13
(D)6
69436
-140-227-21-46-15-27
-111-6
5,07161
599-1164,092-172
54364(D)49(D)(•*)11-2(*)
3(D)10
1986
27,811
19,803
2,644
15,376
12,825144
-1571,2633,357
-469941941
4,4102,252
2,550-103
27403
3237061
2,2356
-79-4
-36(D)
(*)-11
1,982
-198-180-64
45
8,804
7,360
88021011375
-52126
-104531-18~2D
(*)-8(D)
21
207-134
394-53
(D)-1(D)
^52-412
6,274-1,027
1,742-16
5,302-117
284106(D)94(D)(*)
-113
(*)3
(D)-1
0
1987
44,455
34,109
6,358
23,724
20,8691,637-1532,0493,333
20983
1,357-19
2,4397,950
2,855-55
9242887
1,186180
2,130-888-4(D)
(°)
(*)
68
-5
2,639
1,3881,157
109122
10,507
7,166
474-86669-7
-1229
-40-54-25-31
(D)
1
-7(D)
9
789241446101
(D)
28(D)
-1
1243
5,903-1993,462-16
2,587-16180
-96(D)
-10(D)1
-1061416
(D)21
Income
1983
20,499
13,803
4,909
7,207
5,35412889
-140617
2449232695
1,1072,615
1,853-539
689-34
-27937
1,331264810002
36— 1
2— 2
1,105
5824643088
5,689
1,034
20134713445
14847
120-669
302751
-1311(*)
508^290
78216(D)161533(D)
4
3251,1241,211
24-3,199
751,029
6019
(D)0
31(*)
08
(D)00
1984
21,217
13,436
4,910
7,399
5,010251123357272-1551434859
6962,405
2,3891838
760-732
1021,394
5219002
2023
—33
729
398748
17-367
7,223
1,495
1,19860
54433
20181
113153
14192
(*)-8
9-8
73934735041(*>121020-6
6
-442617
1,26529
-3,32264
8723317
(D)
. (*)17(*)06
(D)(*)
0
1985
33,202
26,098
4,307
19,800
16,317944235
1,4473,401-20785
1,02579
2,1976,224.
3,4833685
60149
312190
2,119494212001
61(*)'3
— 35
1,617
3732786135
6,845
2,338
90811552452
16493
-3722
-25-4(D)-1-2(D)(*)
1,128642490-4-1-8
3-10
13-2
3021,0971,415
30-3,220
156774
501
18(D).(*)22(*)
08
(D)
'(*')0
1986
38,417
32,144
5,086
22,781
18,9921,383
2772,0624,723-119
8402,613
1483,1793,365
3,78914294
41982
439190
2,87540285
(D)11
62(*)
2
3,345
93253869
326
6,685
3,403
1,66236780394
15379-3152
17(*)3
(*)^8
121
1,09721482062-2(*)13202111
644635
2,02653
-2,71944
561441
173
(*)10306
(*)(*)
0
1987
52,308
43,342
7,022
30,860
27,0841,697
2472,5905,715
361,1992,010
1473,0109,030
3,776128157474
941,310
1832,821
32-20
5-4(D)112
-6
3,642
1,8181,285
135398
9,029
3,870
1,903237
1,179120194
19-53221-13-12
5(*)
-1865
1,511697681134n25105
5043
45676
2,02896
-2,16554
318481
174
(*)69064
(*)0
See footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
66 SURVEY OF CURRENT BUSINESS August 1988
Table 29.—U.S. Direct Investment Abroad: Country Detail for Selected Items—Continued[Millions of dollars]
Linome
858687888990919293949596979899
100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133
134135136137138139140141142143144145146147148149150
151152153154155156157158159160161162163164165166167168169170171172173174175176
177
178179
Other AfricaSaharan
EgyptLibya..Other.
Algeria.Morocco .Tunisia
Sub-Saharan.LiberiaNigeriaOther.
AngolaBotswanaBurkinaBurundiCameroon.Central African RepublicChad.Congo.DjiboutiEthiopia.GabonGambia .Ghana.Guinea.Ivory CoastKenyaLesothoMadagascarMalawiMali.MauritaniaMauritius .MozambiqueNamibiaNiger.RwandaSenegal.Sierra Leone.SomaliaSudan.Swaziland.TanzaniaTogo.Uganda.Zaire .ZambiaZimbabwe.
Middle East .IsraelSaudi ArabiaUnited Arab Emirates.Other.
BahrainIran.IraqJordanKuwaitLebanonNeutral ZoneOmanQatar .Syria.Yemen (Aden)Yemen (Sana)
Other Asia and Pacific.Hong Kong.IndiaIndonesiaMalaysiaPhilippinesSingapore.South Korea.Taiwan .ThailandOther.
Afghanistan.BangladeshBruneiFijiFrench Islands, Indian OceanFrench Islands, PacificMacau.Pakistan.Papua New GuineaPeople's Republic of ChinaSri Lanka.Tonga.Vanuatu.VietnamWestern Samoa
International
Addenda:OPEC1
European Communities (12) 2
Direct investment position
1983
41231,8531,421
2381943833
1232,270
144216
1,9102
(D)3
(*)(D)1
1611(D)2
1042
154(D)
222144
2-310138
(D)18551
22(D)(D)
245(*)31(D)17
1336864
4,451605
2,156697992783
162
(D)44510
455
(D)18
13,0393,068
3712,7701,1571,3311,821
589613892428
(*)11(D)(D)22
(*)105102100122
(D)(*)(*)
5,721
84400
1984
44562,0371,538
348152403577
2,420133327
1,95952(D)
41
(D)1
19-1(D)
2179
1131(D)
153119
373238
(D)11543
25-2
5343
(*)206
(D)1216558
5,025733
2,352981959790-23
2(D)45370
516
(D)2
(D)
15,0453,253
3294,0931,1011,2631,932
716736
1,081541
(*)121
(D)22
(*)113147209112
(D)(*)(*)
5,204
104810
1985
4 4972,4231,926
3251721033535
2,07412344
1,90751(D)(D)(*)
4722
31-1(D)
2212
1118(D)
134975
3045
(D)317
544
275
-2361
(*)49
(D)1354652
4,606717
2,442792655440-8
2(D)4137
0606
(D)2
(D)
15,4003,295
3834,4751,1401,0321,874
743750
1,074635
(*)10(*)(D)
23
(*)104140311112
(D)(*)(*)
5,428
103830
1986
4 3132,0761,814
196676024
-182,236
71575
1,590187
(D)(D)
0(D)(*)37-2
62
1970
793937
105rj
(°)
5(D)14
(*)5
562
2917-5227-1-7(D)(D)
1323643
4,590600
1,972857
1,161320-16
2(D)5437
0276
(D)2
(D)
16,5773,980
4464,3951,1091,1352,238
800870
1,079525
(*)10
-29(D)
23
(*)109147213
132
(D)(*)(*)
4,602
1090698,472
1987
5 0851,9851,663
252705630
-163,100
651,2671,768
251(D)(D)0
(D)(*)37-2
32
2480
687
5789
g(D)5
(D)(*)
4-2
1573
2936
-10202
(D)-10
(D)(D)
1814142
4,762793
2,38576282095
-242
(D)-7140
235
(D)2
(D)
18,9915,453
4663,9291,1111,2112,5211,0181,3121,282
687(*)12
-30(D)34
CJ161162325
123
(D)(*)(*)
4,304
11 498122,247
Capital outflows (inflows (-))
1983
15332197108271214(')
-31748
-89-275-282
(D)1
-1(D)(*)(D)
-34(D)(*)
-53(D)(D)(D)
-149141
-5-2-1
1(*)(D)(D)(D)(*)
9(D)(D)24(*)1
(D)4
-34
-7
86713
6391773927
7-1(D)5
-4(D)14(*)(D)(D)(*)
867239
8445-81
6895
-12462
11044(*)(*)(D)(D)-4-1(*)
-2823511
(D)(D)
0(*)
180
3160
1984
276183117109
-4322
-47921885
-1138(D)11
(D)(*)3
-19(D)(*)70-1
-22(D)
-69-37
j10-7
1(*)(*)(D)-7-1
13
(D)(D)99(*)
-11(D)(D)
-12-3-6
607119224280-15
6-39
(*)(D)12-3
061
(D)-2(D)
1,670196
-20930
-113-69220127107186106(*)1
(D)(D)(*)(*)
844
100-1(*)(D)
0(*)
— 662
16770
1985
32386369-72463(*)
-39-354-10
-281-62
22(D)(D)-1(D)
212(*)(D)(*)21(*)
-14(D)
-19-22
]_2313
(D)(*)(D)1
(*)127
_75
(*)-16
3(D)14
-19-5
-7611673
-183-82
-12015(*)(D)-4-1
0(*)1
(D)0
(D)
1864452
17642
-244-45
371
-43166
0-2-1(D)(*)(')(*)-6-7172
1(*)(D)
0(*)
173
— 3550
1986
31-211-112
14-113-42-19-52180
-51538
-307144(D)(D)(*)(D)-2
6(*)(D)(*)
-12-1
-31(D)
-103112
(D)1
(D)(D)(*)
_]_-2
2-2
112-3
-133(*)
-11(D)(D)-3
-10-5
516-112
5665
506-120
-8(*)(D)13(*)
0-33
(*)(D)
0(D)
95964565
-79-3611419563
1003
-1100
(*)-29
(D)(*)(*)(*)
58
-981
(*)(D)
0(*)
— 795
1 20112,825
1987
687-130-189
563
-461
8173
62718764(D)(D)
0(D)(*)(*)(*)-3(*)570
-10-26
20-16
]_(D)(*)(D)-1
1-3-5
111
20-5
-25(D)-4(D)(D)55
6-1
186192399-88
-316-225
-8(*)(D)
-6110
-4-1(D)
0(D)
2,4691,451
83-475
1348
321206442196184
01
-2(D)11
(*)7515
112-1
1(D)
0(*)
— 161
47620,869
Income
1983
741754608244
-994
-14-89-13-7216
-22224(D)10
(D)(*)(*)-1
1(*)
-170
-14(D)
-13811
j_(D)(*)-1
1(*)(*)-7-4(*)
4(D)-1
-115(*)
-1432
1876
65410623321996
122-11-1
3930
-186
-15-1-2
3,26051451
1,630381
3510
52139
1-21
01
161
(*)-1(*)
7-5
-472
(*)50
(*)
1,008
1,9100
1984
1,016636579109
-5210-3
-58380-173039594(D)10
(D)(*)(*)(D)1
(*)20
-7(D)
-346]_
(D)(*)1
(*)(*)-6-7(*)157
-1228(*)
-20(*)
429-3(*)
906120535202
50102
-22(*)-31340
-445
-41
-1
3,80545138
1,985393
8451117119151
-69028
-1(*)(*)
141
-981
(*)50
(*)
558
3,3730
1985
94155448596
-28(D)(D)
-10388-533915080
-2820
30(*)-9(*)
1(*)130
-2(D)-5(*)]_(D)21
-1(*)-2
1(*)169
-12-21
(*)-20
34
38-16
8
40258
269150
-74-45
15(*)-1
6(D)
0-39
4(D)
0-1
3,16351564
1,38533211639717090
140-46
0132
(*)1
(*)35-5
-913
(*)50
(*)
258
24630
1986
2901080
-24-45
(*)5
-50279-25432
-12847(D)10
(D)-3(D)(*)-2(*)
-2805
(D)-87
102
(D)22
-1(*)-8-1(*)(*)
4(D)-7
-40(*)-6
33
-25-510
56296
3137974
-193-14
(*)3
1760
-273
(D)0
(D)
2,43157888
564155203479109110146-2
0122
(*)1
(*)2110
-473
(*)50
(*)
— 412
1 57218,992
1987
763175186-1
-10116
-27588
24267297
(D)(D)
20
(D)(*)1
(*)-2(*)100
24(D)30101
-621
2̂-3-5
1(*)5
(D)-5
-26(D)-3
41
128
13
38072
270138
-99-118
-8(*)
2-8
40
(*)2
(D)0
(D)
4,0161,064
71975228194734176399173
20321
(*)1
4312
-683130
(*)
— 63
189627,084
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, table 11.2. European Communities (12) comprises European Communities (10), Portugal, and Spain.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 67
Table 30.—U.S. Direct Investment Abroad: Industry Detail for Selected Items[Millions of dollars]
Line
1
234
56789
101112131415
16
17181920212223242526
2728293031323334
3536373839404142
43444546
474849
5051525354555657
58596061626364
656667
6869707172737475767778798081828384
858687888990919293
All industries
PetroleumOil and gas extraction
Crude petroleum extraction (no refining) andnatural gas.
Oil and gas field servicesPetroleum and coal products . .
Integrated petroleum refining and extractionPetroleum refining without extractionPetroleum and coal products, nee
Petroleum wholesale tradeOther.
Petroleum tanker operationsPetroleum and natural gas pipelinesPetroleum storage for hireGasoline service stations
Manufacturing
Food and kindred productsGrain mill and bakery products
Grain mill productsBakery products
BeveragesOther
Meat products..Dairy products.Preserved fruits and vegetablesOther food and kindred products
Chemicals and allied productsIndustrial chemicals and syntheticsDrugsSoap cleaners and toilet goodsAgricultural chemicalsOther
Paints and allied productsChemical products nee
Primary and fabricated metalsPrimary metal industries
FerrousNonferrous
Fabricated metal productsMetal cans and shipping containersCutlery, hand tools, and hardwarePlumbing fixtures and heating equipment, ex.
electric.Fabricated structural metal productsScrew machine products, bolts, etcMetal stampings and forgingsFabricated metal products, nee, ordnance, and
services.
Machinery, except electricalFarm and garden machineryConstruction, mining, and materials handling
machinery.Office and computing machinesOther
Kngines and turbinesMetalworking machinerySpecial industry machineryGeneral industry machinery and equipmentRefrigeration and service industry machineryMachinery except electrical nee
Electric and electronic equipmentHousehold appliancesRadio, television, and communication equipment ....Electronic components and accessoriesOther....
Electric lighting and wiring equipmentElectrical machinery, nee
Transportation equipmentMotor vehicles and equipmentOther....
Other manufacturingTobacco manufacturesTextile products and apparel
Textile mill products
Lumber wood furniture and fixturesLumber and wood productsFurniture and fixtures
Pulp, paper and board millsMiscellaneous converted paper productsPaperboard containers and boxes ...
Printing and publishingRubber productsMiscellaneous plastics productsGlass productsStone, clay, and other nonmetallic mineral
products.Instruments and related products
Scientific and measuring instrumentsOptical and opthalmic goodsMedical instruments and suppliesPhotographic equipment and suppliesWatches, clocks, and watchcases
OtherLeather and leather productsMiscellaneous manufacturing industries
Direct investment position
1983
207,203
57,57428,93022,877
6,05317,21110,1266,973
1129,4341,9981,472
17990
258
82,907
7,6612,1081,717
3911,7353,818
208735413
2,462
18,7888,6984,3562,534
7882,412
4541,958
4,9741,301
597704
3,673747498152
466156336
1,317
14,294395
2,319
8,0573,522
630587519
1,084402300
7,3281,1391,8432,2732,073
4801,593
10,5129,593
919
19,3501,7211,293
713580567338229
3,8821,6591,706
517547
2,1061,118
732960
5,486977
80714
3,68728
93874
864
1984
211,480
58,05130,22224,310
5,91217,2219,8717,209
1428,8011,8071,101
19764
445
85,865
8,1562,0871,703
3841,7544,315
189760459
2,906
19,2009,2174,4382,316
8212,407
4261,982
5,2561,509
614894
3,747744510126
452155444
1,315
14,816285
2,237
9,0793,215
428565495997445284
8,1931,1032,0732,8932,124
5081,617
10,6649,754
910
19,5811,6741,169
738431587354233
4,3511,8101,983
558579
2,0281,197
693942
5,5121,103
(D)739
3,533(D)
85179
771
1985
230,250
57,69531,36625,546
5,82016,4658,6257,646
1948,0481,8161,262
25783
215
94,700
9,2522,6261,978
6471,8524,774
287686545
3,256
20,2739,1044,9402,4401,0962,692
6202,073
5,0121,417
716701
3,595481673152
366182427
1,314
18,987406
2,257
12,7473,577
497538636986524396
8,5151,0802,2833,1701,982
4081,574
11,71910,865
854
20,9421,9381,249
788461660445215
4,8221,6332,432
757612
2,2031,343
7291,012
5,4931,191
(D)111
3,330(D)
88186
795
1986
259,562
61,73133,62728,439
5,18817,4639,7707,530
1638,8511,7901,122
264(D)(D)
104,877
10,9683,0452,207
8382,6535,270
337760553
3,620
22,7419,8486,2422,5501,1082,994
6842,310
5,3111,469
586883
3,841556629174
352199531
1,400
22,401588
2,230
15,7113,872
565508717
1,141511430
7,4051,300
904,1851,830
3701,460
14,18613,0711,115
21,8652,2991,154
795359480300180
4,8501,6592,768
423693
2,1761,673
8691,038
5,7341,192
155984
3,36340
89983
815
1987
308,793
66,38136,57931,539
5,04018,78110,5348,059
1889,2961,7251,013
255243213
126,640
12,6433,4682,556
9122,9426,232
334919653
4,326
26,91411,4517,6442,9131,1793,727
7133,014
5,6621,563
707856
4,099651440212
398233666
1,499
27,344509
2,862
19,6744,299
600493744
1,344623495
9,7841,582
7815,1702,251
6021,649
17,70816,3601,348
26,5843,2071,338
892446533325207
5,5431,7443,112
687944
2,6412,1851,1301,275
6,8491,500
1501,1913,970
3893893
845
Capital outflows (inflows (-))
1983
373
-6972,1611,689
473-1,699-2,059
3528
-1,2488832272063
-775
257053170
-46-31100
-70-44
116224533657
12141
-162
-249-313-68
-24564277
-3
-10-6
-55103
134-89
-469
41014
-48-27
1021535
-21-28-51208
-150-91-60
140196
-56
651-156-32-10-23
179
-26322
-2041
-12020
1014966
-193
262120386
112-14
34
-1
1984
2,821
-5651,7091,896
-187-581-40
-5477
-1,411282403
186
97
1,862
478-30-45
15211296-19
2352
240
242364
6415840602989
33127
4123
-94-19-3
-57
-171
-3635
216-88-28
625-293
230269
-936316
7603
188587
17-95
78
2937-8
104-46
-139-4135
14-37
232711607139341
8946
-80
3370(D)33
-163(D)675
62
1985
18,068
-1,4331,2491,134
115-2,189-2,616
450-225233010217
-7
9,043
1,196461314147170565805996
329
78279
5666564
13636
100
6272
110-38-11-37
51-6
-702330-2
3,99615
109
3,56930331
460717166
275-588
16922
-5679
1,0651,116-51
1,666265112516132
-19-134391561849968
1551646670
30378(D)36
159(D)567
50
1986
27,811
3,9642,2332,679
-4451,0971,174-95
18867233190
5(D)(D)
9,838
1,469450265185559460
347316
337
1,932921924
6514
13833
105
571231-35266340594054
-734
12139
3,675130
-32
3,343235641786153816
-1,374173
-2,217647
22-25
48
1,9141,634
280
1,651389
18171
47389
258-76317
175436
229160133
440138(D)
135164(D)65-368
1987
44,455
4,6572,8933,054
-1611,282
764493
26390912216(D)(D)
20,087
1,63046938683
299863-4159122586
4,0931,6321,376
40038
6477
641
2192
47-4521795
-18931
037
136107
4,691-76316
3,971481351586
16511071
1,419280-49843345185161
3,4563,277
179
4,5789081859788522527
72486
336303256492508136210
1,111306-5206607-3-310
-13
Income
1983
20,499
9,4416,8755,660
1,2141,6591,352
29313
779128
255(D)(D)
4,585
67617114922
224281-2911922
168
1,120414459
946390-697
1600
-99
1602
4515
368
1972
1,036-61-98
1,22429
-63-27
288
223
55211
159365
18-219
590443147
452748
433528208
144-8143
943
-19-17
6-67
225113(D)80
0(D)27
522
1984
21,217
9,2697,3356,605
7301,6641,234
41019
232389767(D)(D)
5,839
68361583
224398
1111527
244
1,2067282952172901
90
2921032479
1902965-7
47111332
1,389-15-72
1,4761
-595
24-15
416
86236
169598
59-161
495320174
913-21
8694
g-9
-3021
343182109524876
1372635
190102(D)75
-25(D)
25
-4
1985
33,202
9,3066,8406,387
4531,6691,096
5711
74751
-35581315
14,677
1,61937825412444779372
15649
516
2,3208707878212
56855
514
4531578671
29632
13630
5295013
4,738(D)(D)
(D)379682289887141
1,04211627444620752
155
2,0051,762
243
2,5013251407366481137
623261252109108272207113104
4711543180
209-3901080
1986
38,417
8,0653,3683,822
4543,3761,8611,486
301,178
1437134(D)
(D)
17,911
2,091442276166723926
4617973
628
3,8961,4181,265
47696
64088
552
72420073
12752482
14446
75317175
5,096-39
33
4,694408-522
1101457265
1,37111634069821759
159
1,3471,119
228
3,3854441639568443212
72521243380
107346400197196
655221
20180242-7108
7101
1987
52,308
8,1304,9715,015
-432,2701,499
74229
7909723392313
27,041
2,784786633153847
1,15151
204125771
5,3691,9631,775
607120904148756
1,17037087
28479914813240
7948
148204
6,5420
143
5,7736276240
1002568781
1,57323435
939366142224
3,9793,700
279
5,624883245131114825626
1,041375591
76210634589306280
1,196230
(D)262675
(D)15810
148
See footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
68 SURVEY OF CURRENT BUSINESS August 1988
Table 30.—U.S. Direct Investment Abroad: Industry Detail for Selected Items—Continued[Millions of dollars]
Line
949596979899
100
101102103104105106107108109110
111
112113114115116117118119120121122123124
125126127128129
130131132133
134
135136137138139140141142143144
145146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177
Wholesale tradeDurable trade . .
Motor vehicles and equipmentLumber and other construction materialsMetals and minerals.Electrical goodsHardware, plumbing, and heating equipment and
supplies.Farm and garden machinery and equipmentMachinery, equipment and supplies, nee ....Durable goods, nee
Nondurable goodsPaper and paper productsDrugs, proprietaries, and sundriesApparel piece goods and notionsGroceries and related productsFarm product raw materialsNondurable goods nee
Banking
Finance (except banking), insurance, and real estate-
Franchising, business.. .Other
InsuranceLife insuranceAccident and health insuranceOther
Real estateLessors of agricultural and forestry real estateReal estate nee
Holding companiesNonbusiness entities except Government
ServicesHotels and other lodging placesBusiness services
AdvertisingManagement, consulting, and public relations
services.Equipment rental (ex. automotive and computers)..Computer and data processing servicesOther
Research and development and testinglaboratories.
Employment agencies and temporary helpsupply services.
OtherMotion pictures, including television tape and film....Engineering, architectural, and surveying servicesHealth servicesOther services ...
Automotive rental and leasingAccounting, auditing, and bookkeeping servicesLegal servicesEducational services.Other services provided on a commercial basis
Other industries...Agriculture, forestry, and fishing
Agricultural production — cropsAgricultural production — livestock .Agricultural production— beef cattle feedlots.Agricultural services.ForestryFishing, hunting, and trapping
Mining .Metal mining.
Iron oresCopper, lead, zinc, gold, and silver ores.Bauxite and other aluminum oresOther metallic oresMetal mining services
Nonmetallic mineralsCoalNonmetallic minerals, except fuels.
ConstructionTransportation, communication, and public utilities.
TransportationRailroadsWater transportationTransportation by airPipelines, except petroleum and natural gasTravel agents,Transportation and related services, nee.
Communication and public utilitiesCommunicationElectric, gas, and sanitary services.
Retail tradeFood stores and eating and drinking placesRetail trade, nee.
Direct investment position
1983
21,27814,814
602103610
1,641194
4549,8791,3326,464
1771,637
256801715
2,878
12,387
15,075-13,095
(D)(D)
7,9471,231
5656,150
5580
55819,666
0
4,670446
1,959354698
212193503
(D)
(D)
373632,599225809292
16(D)(D)
473
13,312528328119
08
703
5,5144,0201,0382,284
41725625
1,494865629937
2,4271,814
(D)1,206
650
(D)539613137476
3,9061,4832,423
1984
21,11714,651
46682
6681,710
141
4159,7411,4286,466
2401,517
214871802
2,821
13,516
15,683-13,575
-7-13,568
8,0391,432
5326,075
4450
44520,774
0
4,447462
1,903374666
127141594
(D)
(D)
484590673203617225
14(D)(D)
345
12,799729510136
03
773
4,9023,826
9222,277
(D)(D)28
1,076494582
1,0692,3731,703
(D)1,171
1370
(D)441669154516
3,7271,4082,319
1985
22,79016,450
84467
5331,744
151
46410,8761,7716,340
2291,343
195954671
2,947
14,461
22,501-8,980
10-8,990
8,3221,482
6326,208
3840
38422,775
0
4,683548
1,882361683
152138548
(D)
(D)
42966458739860327549(D)(D)
242
13,421497271141
012703
4,9163,612
9372,201
(D)(D)29
1,304755550
1,3312,6791,679
(D)1,040
1950
(D)478
1,000618383
3,9971,4272,570
1986
26,16818,559
91153
4282,008
314
60112,2342,0107,609
2571,505
3321,147
6553,713
14,576
34,413-2,485
(D)(D)
8,8381,418
7926,628
3480
34827,712
0
4,866600
2,399376811
449198565(D)
(D)
41775751299
49921948(D)(D)
193
12,931390215101
0(D)58(D)
4,0683,130
7832,085
26101
938635303
1,3132,5341,600
(D)1,043
610
(D)569934659276
4,6261,8232,803
1987
31,33021,803
98261
5642,118
354
94714,4072,3699,527
3581,590
4961,438
7994,848
15,354
49,0974,850
1304,719
10,6751,598
9498,1271,854
01,854
31,7180
6,812789
3,059446870
651340751
(D)
(D)
58586857262390134586(D)(D)
428
13,179504300107
0146221
3,9082,882
7671,832
(D)(D)6
1,026680346
1,2292,3741,467
(D)865610
(D)609907651256
5,1641,9993,165
Capital outflows (inflows (— ))
1983
6702
-1021848
2641
-188146-89668
08538
16150
333
1,995
-1,3603376
(D)(D)
71654
122540
606
1,2940
13311810036
116
18-27-43
(D)
(D)
-65-20
1712232
-53-33
(D)(D)
115
407-39-17
6041
-3397
205-148
38032
-611
-108-137
299
9587(D)
120-10
0(D)
-358
25-17245139106
1984
45555437
-2157
291-3
-80419-73-99
32-85-46
1992
-111
1,246
394-328
(D)(D)
103226-33-90-45
045
6640
37-31125
1745
-15-27105(D)
(D)
94-63
37-23-9
-650
(D)
51
-608143122190
7_]_
-666-123-95-6(D)(D)3
-542-495-47
67-178-178
(D)-119
720
(D)-95
015
-14271115
1985
1,8341,392
198-23-2711410
-221,065
77442231925
247-84263
1,094
7,2464,899
174,882
537150100287
404
1,8060
27856
-803
-75
-53-13
58(D)
(D)
5074
-651831096539(D)
10
7-244-245
504
: -7
-1
-97-239
54-58
(D)(D)1
142168
-26231
12126(D)38580
(D)37
-11426
-140105
-56160
1986
2,3521,529
134-13-7715942
1281,001
154824
4714018
199-50470
-529
12,2517,375
(D)(D)
369-205
153421-7
07
4,5130
2192356
-54-104
2043323(D)
(D)
-52676372
-63-15-1(D)
-49
-283-118-89-14
0(D)
-16(D)
-811-512-154-171
(D)(D)-1
-299-120-179-61273200
(D)-3100
(D)2167363
9434202232
1987
5,0403,198
687
12811532
3452,146
3571,841
10117
163293129
1,139
604
13,8297,259
(D)(D)
1,73794
1571,4861,468
01,4683,365
0
1,9471876467060
183134199(D)
(D)
18211061
56338010138(D)
237
-1,708512260
(D)4
(D)-905-968-16
-713(D)(D)
633131
-54-263-232
(D)-139
10
(D)-98-31-31
0-537-612
75
Income
1983
1,637945
622046
19014
-2473030
69215
.8539
160124269
2,889
2532,424
02,424
99474
123797
101
1,6820
73519
28361
113
417
608
6
467769
177111-513(D)
84
959354090
-1(D)(D)
128-41-27
3454
-1043
16912841
205351288-11328100
77633231
23917466
1984
2,2101,424
131758
2106
-251,106
3978623533
18266
458
2,630
642,355
4-2,358
858214
0644
150
151,545
0
64526
2475682
24-6913
5
848185
103102
-126
(D)
90
559-4
-1680
-1(D)(D)
1585837
-2065
-263
1006535
117166200-2855202
64-34
28-621229825
1985
3,1612,373
1634
66232
10
-101,822
8678835
12932
20252
339
2,886
1,464-1,866
3-1,869
1,167310
84772
260
262,137
0
72068
2776489
445
74(D)
(D)
536944
101161879
(D)
49
98812(D)(D)03
(D)(D)
10295
122-18
31-41
2716
250289119_]_
868
00
4417058
112335184151
1986
4,4933,125
3125
4525728
312,208
2401,367
6224810728998
563
2,495
3,657-999
81,0061,197
193128877
110
113,447
0
7051062896188
82
131(D)
(D)
95892475
12162296
43
1,09346
. 2790280
169154123-11
82-39-116133
10121893-4
-183700
781257550
558262296
1987
6,6334,482
3424
6437541
893,178
3902,151
7928819034550
1,200
2,152
5,640414-1412
1,749201192
1,356600
604,245
0
1,23118854793
137
-1397
233(D)
>)
199719329
304641196
214
1,4808850902
(D)(D)
182182389761
-1621
-404191
25189-3
01700
761616795
867389478
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Foreign Direct Investment in the United States: Detail forPosition and Balance of Payments Flows, 1987
The following 23 tables contain BEA's country-by-indus-try estimates, and estimates by detailed account, of the po-sition and related capital and income flows for foreigndirect investment in the United States. They also containestimates of the position, capital flows, and income for allcountries and for all industries in which there was invest-ment.
Summary position and flow estimates, and analyses ofthe estimates, were published in the June SURVEY OF CUR-RENT BUSINESS. Two other articles on foreign direct invest-ment in the United States—"U.S. Business EnterprisesAcquired or Established by Foreign Direct Investors in1987," and "U.S. Affiliates of Foreign Companies: Oper-ations in 1986"—appeared in the May SURVEY.
NOTE.—The quarterly survey from which the annual estimates of for-eign direct investment in the United States were derived was conductedby Gregory G. Fouch, under the supervision of James L. Bomkamp,Chief, Foreign Direct Investment in the United States Branch. Tracy K.Leigh assisted in preparing the estimates. Smith W. Allnutt III, Chief,Data Retrieval and Analysis Branch, designed the computer programsfor data retrieval and tabular presentation.
Table 1.—Foreign Direct Investment Position in the United States
All areasPetroleumManufacturingWholesale tradeOther
CanadaPetroleumManufacturingWholesale tradeOther
EuropePetroleumManufacturingWholesale tradeOther
Of which:Netherlands
PetroleumManufacturingWholesale tradeOther
United KingdomPetroleumManufacturingWholesale tradeOther
JapanPetroleumManufacturingWholesale tradeOther
OtherPetroleumManufacturingWholesale tradeOther ....
Direct investment position
Millions of dollars
1985
184,61528,27059,58429,05167,711
17,1311,5894,6071,5329,403
121,41325,63645,84113,77836,158
37,05611,48113,3512,158
10,066
43,55512,15511,6874,044
15,670
19,31331
2,73811,7964,748
26,7581,0146,3981,945
17,401
1986
220,41429,09471,96333,99785,360
20,3181,4326,1081,496
11,282
144,18126,13956,01616,43045,596
40,717(D)
13,2932,621
(D)
55,93511,75816,5005,676
22,001
26,824-34
3,57813,6879,593
29,0911,5566,2612,384
18,890
1987
261,92735,39591,02537,58097,927
21,7321,4337,4782,393
10,427
177,96332,78770,59818,39156,188
47,048(D)
16,1202,205
(D)
74,941(D)
23,5106,958
(D)
33,36130
5,23214,66713,43228,871
1,1457,7182,128
17,880
Change
Millions of dollars
1986
35,799824
12,3794,946
17,649
3,187-1571,502-36
1,878
22,768503
10,1752,6529,438
3,661(D)
-58463
(D)
12,380-3974,8131,6326,332
7,511-65840
1,8914,8442,333
543-137
4391,489
1987
41,5136,301
19,0633,583
12,567
1,4141
1,370897
-854
33,7826,648
14,5821,960
10,592
6,331(D)
2,826-416
(D)
19,006(D)
7,0101,282
(D)
6,53764
1,654980
3,840-220-4111,458-255
-1,011
Percent
1986
19.42.9
20.817.026.1
18.699
32.6-2.420.0
18.82.0
22.219.326.1
9.9(D)
-.421.4
(D)
28.4-3.341.240.440.4
38.9( l )
30.716.0
102.08.7
53.5-2.122.68.6
1987
18.821.726.510.514.7
7.0.1
22.460.076
23.425.426.011.923.2
15.5(D)
21.3-15.9
(D)
34.0(D)
42.522.6
(D)
24.40)
46.27.2
40.0-.826423.3107
-5.4
D Suppressed to avoid disclosure of data of individual companies.1. Percent change is not defined because the position is negative in 1 of the 2 years.
Table 2.—Foreign Direct Investment Position in the United States by Account[Millions of dollars]
AH areasPetroleumManufacturingWholesale trade.Other .
CanadaPetroleum.Manufacturing ..Wholesale trade .Other.
Europe .Petroleum.ManufacturingWholesale tradeOther.
Of which:Netherlands
Petroleum.Manufacturing.Wholesale trade .Other.
United KingdomPetroleum.Manufacturing.Wholesale trade .Other.
JapanPetroleum.ManufacturingWholesale trade .Other.
Other.PetroleumManufacturingWholesale tradeOther
1986
Total
220 41429^09471,96333,99785,360
20,3181,4326,1081,496
11,282
144,18126,13956,01616,43045,596
40,717(D)
13,2932,621
(D)
55,93511,75816,5005,676
22,001
26,824-34
3,57813,6879,593
29,09115566,2612384
18890
Equity 1
162 11721^02749,80023,03768,253
15,323712
4,890600
9,121
105,40419,94038,71511,31935,430
30,157(D)
9,0811,737
(D)
38,325(D)
11,8003,652
(D)
19,03247
2,40610,0266,554
22,357328
3,7891 091
17448
Intercompany debt
Net
582978^067
22,16310,96017,107
4,995720
1,218896
2,161
38,7776,200
17,3015,111
10,165
10,560430
4,212884
5,034
17,611(D)
4,7002,024
(D)
7,792-81
1,1723,6613,039
6,73412282,4711 2921,742
U.S.afffiliates'payables
76 1748^862
26,54715,50425,261
5,704794
1,4491,0142,446
50,4926,710
20,8486,977
15,957
11,067(D)
4,428946(D)
22,561(D)
6,6392,718
(D)
10,40249
1,2965,4643,593
9,5761,3102,9532,049
U.S.afffiliates'receivables
17 877'795
4,3844,5438,154
71074
231119286
11,715510
3,5471,8665,792
507(D)
21662(D)
4,950193
1,940693
2,124
2,611129124
1,803555
2,84282
482756
1,522
1987
Total
261 92735^39591,02537,58097,927
21,7321,4337,4782,393
10,427
177,96332,78770,59818,39156,188
47,048(D)
16,1202,205
(D)
74,941(D)
23,5106,958
(D)
33,36130
5,23214,66713,432
28,8711 1457,7182128
17,880
Equity 1
189 66822/74463,77524,73778,413
16,318689
6,1631,5657,901
123,91821,17248,17210,98343,591
32,968(D)
10,0121,010
(D)
48,4006,187
16,2534,193
21,766
23,882133
3,55910,9209,271
25,550749
5,8821269
17;649
Intercompany debt
Net
72,25912,65227,25012,84319,514
5,414744
1,315828
2,526
54,04511,61522,4267,408
12,596
14,079292
6,1071,1956,484
26,541(D)
7,2562,764
(D)
9,479-1031,6733,7474,162
3,322396
1,836859230
U.S.afffiliates'payables
91,82113,36931,98117,33929,133
6,690832
1,9291,0142,916
64,92511,99125,7998,567
18,568
14,388305
6,1781,2636,642
32,241(D)
9,0543,106
(D)
12,45551
1,7886,0454,571
7,752495
2,46617133.078
U.S.afffiliates'receivables
19 562717
4,7314,4969,618
1,276- 88
613185389
10,879376
3,3731,1595,972
309127168
158
5,700241
1,798341
3,320
2,976154115
2,298409
4,43199
630854
2,848
D Suppressed to avoid disclosure of data of individual companies.1. Includes capital stock, additional paid-in capital, and retained earnings. 69
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
70 SURVEY OF CURRENT BUSINESS August 1988
Table 3.—Change in the Foreign Direct Investment Position in the United States by Account[Millions of dollars]
All areasPetroleumManufacturingWholesale tradeOther
CanadaPetroleumManufacturingWholesale tradeOther
EuropePetroleumManufacturingWholesale trade..Other
Of which:Netherlands
PetroleumManufacturingWholesale tradeOther
United KingdomPetroleumManufacturingWholesale tradeOther
JapanPetroleumManufacturingWholesale tradeOther
Other. ..PetroleumManufacturingWholesale tradeOther
All areasPetroleum ...ManufacturingWholesale tradeOther
CanadaPetroleum ..ManufacturingWholesale trade .Other
EuropePetroleum. ..Manufacturing .Wholesale tradeOther
Of which:Netherlands .
Petroleum...ManufacturingWholesale tradeOther
United KingdomPetroleumManufacturingWholesale tradeOther
Japan . ....PetroleumManufacturingWholesale tradeOther
OtherPetroleumManufacturingWholesale tradeOther
Total
Capital inflows
Total
Equity capital
Net Increases DecreasesReinvestedearnings
Intercompany debt
NetIncreasesin U.S.
affiliates'payables
Increasesin U.S.
affiliates'receiv-ables *
Valuationadjust-ments
1986
35,799824
12,3794,946
17,649
3,187157
1,50236
1,878
22,768503
10,1752,6529,438
3,661(D)
-58463
(D)
12,380-3974,8131,6326,332
7,511-65840
1,8914,844
2,333543137439
1,489
34,091662
11,8654,679
16,885
2,547137
1,239-1151,559
21,730272
9,3512,6889,419
4,374(D)
-103467
(D)
10,827-5114,8591,5855,094
7,268-65938
1,7754,620
2,547592337331
1,287
25,0861,2269,4881,914
12,459
1,80332
271209
1,291
15,468975
7,3731,2855,835
2,91326
289188
2,411
5,088311
1,713701
2,362
3,83719
883240
2,695
3,978200961179
2,638
30,6631,284
12,2842,005
15,090
2,926(D)(D)
2091,980
18,7671,0159,1401,3597,254
3,25126
374236
2,615
6,667(D)(D)(D)
2,987
3,949(D)(D)
2422,783
5,021208
1,544195
3,073
5,57859
2,79692
2,631
1,123(D)(D)
0689
3,30040
1,76674
1,419
3380
8548
204
1,580(D)(D)(D)
625
112(D)(D)
288
1,0439
58415
435
2 2931 114
-1,897394324
675-310
371-586-149
711-779-114
4551,149
7796251268759
5541 045
42296
1,081
110-10
-259493
-114
2 43915
1 89432
562
11,298550
4,2742,3714,103
1,419142597262418
5,55175
2,092949
2,435
682(D)
-518192(D)
5,185223
2,523788
1,651
3,321-74315
1,0412,039
1,008407
1,270120788
13,41290
5,2932,8235,206
1,15294
367257433
8,003-3033,3061,4923,508
85326
345153
1,072
5,84635
3,139951
1,792
2,650-89370959
1,411
1,607388
1,250116146
2,113-4611,019
4521,103
26748
2305
15
2,452-3781,214
5431,073
172(D)
17340(D)
661-258
615163141
6701555
-83-628
599-19-20-4642
1,708162514267764
64020
26379
319
1,039232824-36
19
-71429445-5
- 1,049
1,553113155
471,238
2430
99117225
214-49
-474108202
1987
41,5136,301
19,0633,583
12,567
1,4141
1,370897854
33,7826,648
14,5821,960
10,592
6,331(D)
2,826-416
(D)
19,006(D)
7,0101,282
(D)
6,53764
1,654980
3,840
220411
1,458255
-1,011
41,9776,410
20,4433,549
11,575
959-26988890
-894
34,9746,801
16,4492,0209,703
7,871(D)
4,355354
(D)
18,562(D)
7,1081,183
(D)
6,18164
1,639931
3,547
137430
1,367-293-780
25,477447
13,210224
11,597
6357
708326
-407
16,28020
9,176-4507,574
3,521-32
2,248761
2,065
7,739(D)
3,343205(D)
4,34091
993318
2,939
4,222369
2,33229
1,491
29,376559
13,5591,221
14,038
1,9807
715328930
18,186(D)
9,380(D)
8,258
4,606(D)
2,265(D)
2,183
7,9299
3,407255
4,258
4,443(D)
998(D)
2,993
4,768391
2,46554
1,857
3,899113349997
2,440
1,345(*)
71
1,337
1,906(D)
204(D)
684
1,085(D)17(D)
117
190(D)6450(D)
103(D)
5(D)54
54622
13325
366
2,5371,3782,1461,450
-2,437
-95-57183631853
3,4261,4062,149
181309
831(D)
21197(D)
1,893335
1,209238112
1534
145528515
-94733
-330110
-760
13,9624,5855,0881,8762,414
419249767
365
15,2685,4165,1252,2892,439
3,519137
1,895311
1,451
8,930(D)
2,557740
(D)
1,68723
50186
1,123
-3,412-832-635-433
-1,512
15,6474,5065,4341,8273,879
98638
4801
469
14,4335,2814,9501,5832,619
3,321(D)
1,750316
(D)
9,680(D)
2,415388
(D)
2,0522
492581977
-1,823-814-488-335-186
1,685-78347-48
1,465
56614
38366
104
-835-135
174707180
-198(D)
1456
(D)
75048
142352
1,195
36525
_9495
-145
1,58818
14897
1,326
-463-108
-1,38134
992
45527
3817
40
1 192153
1868-60889
154013
- 1,528-62
63
443-141
9999
584
3560
1549
293
-83199138
-230
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. An increase in U.S. affiliates' receivables is a decrease in intercompany debt and, thus, a capital outflow.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 71
Table 4.—Foreign Direct Investment in the United States: Earnings and Reinvestment Ratios[Millions of dollars or ratio]
1986
Earnings
Total Distributed Reinvested
Renivest-ment
ratio 1
Earnings
Total Distributed Reinvested
Renivest-ment
ratio l
1986-87 change in earnings
Total Distributed Reinvested
All areas 2,406Petroleum -209Manufacturing -1,025Wholesale trade 1,203Other 2,438
Canada 246Petroleum -236Manufacturing 431Wholesale trade (D)Other (D)
Europe 3,390Petroleum 47Manufacturing 563Wholesale trade 772Other 2,008
Of which:Netherlands 1,253
Petroleum (D)Manufacturing 434Wholesale trade IllOther (D)
United Kingdom 1,694Petroleum (D)Manufacturing 562Wholesale trade 149Other (D)
Japan 837Petroleum -9Manufacturing -239Wholesale trade 590Other 495
Other -2,066Petroleum -11Manufacturing -1,781Wholesale trade (D)Other (D)
4,700904872809
2,114
9217461(D)(D)
2,679826678317859
474
30823
1,140
14053
727(*)2097
609
3734
113
-2,293-1,114-1,897
394324
-675-310
371-586-149
711-779-114
4551,149
77962512687
-59
554-1,045
42296
1,081
110-10
-259493
-114
-2,439-15
-1,89432
-562
.13
.86
.21
.59
.57
.29
.79
.33
.75
.65
2 -13
.84
6,8391,7743,1381,791
136
70411
221645
-172
5,7751,7302,928
427
1,446
107-367
2,766
1,321250
925-4166584178
-56536
-177135
-559
4,302396991342
2,573
800
2,349324780246
6159
872
11212
7711
2157
15325
201
2,5371,3782,1461,450
-2,437
-95-57183631
-853
3,4261,4062,149
181
21197
1,893335
1,209238112
153-4145528
-515
-94733
-330110
-760
.37
.78
.81
.59
.81
.73
.42
.91
.95
.17
.87
.90
.91
.82
4,4321,9834,163
588-2,302
458248
-211
2,3851,6832,365-345
-1,319
193
-3
1,072990759101
-778
6405-6
-317
1,50246
1,604
-398-508
119-468
459
-122-6
-23
-330-501
102-70140
141
-1313
-267-390-28-41191
45(*)1
-4084
9-140
4,8302,4924,0431,055
-2,760
580254
-1881,217-703
2,7152,1852,263-274
-1,459
859
1,3391,380
787' 142-969
436
40434
-401
1,49248
1,56478
-197
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. Reinvested earnings divided by earnings.2. Reinvestment ratio is not defined because reinvested earnings are negative.
Table 5.—Foreign Direct Investment in the United States: Income[Millions of dollars]
All areasPetroleumManufacturing....Wholesale trade..Other
CanadaPetroleumManufacturingWholesale trade..Other
EuropePetroleumManufacturingWholesale trade...Other
Of which:Netherlands
PetroleumManufacturingWholesale trade-Other
United KingdomPetroleumManufacturing....Wholesale trade..Other
JapanPetroleumManufacturingWholesale trade..,Other
OtherPetroleumManufacturingWholesale tradeOther
Income
1985
6,0792,153
2002,4121,314
348100
818
223
5,2402,1001,3241,083
733
2,131
485206
2,127854767
98409
1,561-6
-1951,274
-1,071-40
-93736
-129
1986
5,37930275
1,4913,510
390-236
495-204
335
5,701498
1,5221,0002,681
2,179692854172462
2,611-35707255
1,683
1,009-9
-215616617
-1,72250
-1,72778
-123
1987
10,5042,4564,5152,0931,440
89610
252662
-28
8,7172,4004,125711
1,481
2,382
1,067182
4,3551,2031,758396999
1,178-3202601378
-28750
-64119
-391
Change
1986
-700-1,850-125-9212,196
42
-222112
460-1,602
197-831,948
48
369-35
484-888-59157
1,274
-552-3-20-658130
-65190
-789426
5,1252,1544,440601
-2,070
506246
-243
3,0161,9022,603-290
-1,200
203
21311
1,7451,2371,051141
-684
1686
417-15-239
1,4350
1,66340
Table 6.—Source and Relationship of Income and Its Components[Millions of dollars]
Line
EarningsCapital gains/lossesEarnings before capital gains/losses....
Distributed earnings..Reinvested earnings...
Withholding taxes on distributed earnings...
Interest (net of withholding taxes)
Income
Income before capital gains/lossesEarnings (net of withholding taxes)Distributed earnings (net of withholding taxes)
1987amount
-1827,021
4,3022,537
144
3,810
10,504
10,6866,6954,158
Source and relationship
2 + 3Reported 1
Extrapolated 2
6 + 111 - 4
Extrapolated 2
Extrapolated 2
1-6 + 7
8 - 21 - 6Extrapolated 2
1. Data are as reported by the sample; no estimate for nonreporting affiliates is made.2. Universe estimates are calculated by extrapolating forward data from the 1980 benchmark
survey, based on the movement of reported sample data in subsequent years.
3 Suppressed to avoid disclosure of data of individual companies.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
72 SURVEY OF CURRENT BUSINESS August 1988
Table 7.—Foreign Direct Investment in the United States: Income and Rate of Return[Millions of dollars or percent]
All areasPetroleumManufacturingWholesale tradeOther
CanadaPetroleumManuf actu ringWholesale tradeOther
EuropePetroleum
Wholesale tradeOther
Of which:Netherlands
PetroleumManufacturing ....Wholesale tradeOther
PetroleumManufacturingWholesale tradeOther
JapanPetroleumManufacturingWholesale tradeOther
OtherPetroleumManufacturingWholesale tradeOther
1986
Income
Total(=col. 2
lesscol. 5plus
col. 6)
(1)
5,37930275
1,4913,510
390236495204335
5,701498
1,5221,0002,681
2,179692854172462
2,61135
707255
1,683
1,009-9
-215616617
1 72250
-1,72778
-123
Earnings
Total
(2)
2,406-209
-1,0251,2032,438
246-236
431(D)(D)
3,39047
563772
2,008
1,253(D)
434111(D)
1,694(D)
562149(D)
837-9
-239590495
2 066\\
-1,781(D)(D)
Beforecapitalgains/loses
(3)
4,461919
1,2171,1001,225
226(D)
12825(D)
4,187(D)
1,651599
(D)
1,25465043710860
2,186297857154879
60010
-179427362
-553-5
-38349
214
Capitalfains/osses
(4)
-2,054-1,128-2,242
1031,213
20(D)
304(D)
162
797(D)
^1,087173(D)
1(D)-3
2(D)
492(D)
-294-5(D)
237(*)
-60164133
-1,514— 5
-1,398(D)(D)
With-holdingtaxes ondistrib-
utedearnings
(5)
17544652245
1778
(D)(D)
12237481027
244
1423
6430163
15
23(*)
21011
14(*)
7(D)(D)
Interest (net ofwithholding taxes)
Net
(6)
3,148555
1,165310
1,117
1617
723
79
2,433488
1,006239700
950(D)
43463(D)
981(D)
161109(D)
195(*)2636
134
359606133
204
U.S.affili-ates'pay-
ments
(7)
3,990594
1,389450
1,556
1708
773
82
3,075525
1,194271
1,084
967(D)
43667(D)
1,309(D)
269122(D)
271(*)27
106138
475619170
252
U.S.affili-ates'
receipts
(8)
84239
224140439
915
(*)3
64238
18833
384
17(*)
24
11
329(D)
10813(D)
7501
704
116(*)303748
Rate ofreturn 1
(9)
2.71.1.1
4.74.6
2.1-15.6
9.2-13.5
3.2
4.31.93.06.66.6
5.6(D)
6.47.2
(D)
5.23
5.05.38.9
4.4(2)
6 84.88.6
6 23.9
-27.33.6-.7
1987
Income
(= col. 11less
col. 14plus
col. 15)
(10)
10,5042,4564,5152,0931,440
89610
25266228
8,7172,4004,125
7111,481
2,382(D)
1,067182(D)
4,3551,2031,758
396999
1,178-3202601378
-28750
-64119
-391
Earnings
Total
(11)
6,8391,7743,1381,791
136
70411
221645172
5,7751,7302,928
427689
1,446(D)(D)
107367
2,766(D)
1,321250
(D)
925_4166584178
-56536
-177135
-559
Beforecapitalgains/loses
(12)
7,0211,7513,7321,200
337
65012
316(D)(D)
5,8251,7073,211
349558
1,358(D)(D)
105399
2,759598
1,379235548
894-4172557169
-3483633(D)(D)
Capitalgains/losses
(13)
18223
-594591
-201
54(*)
-95(D)(D)
5023
28378
132
88(D)(D)
231
7(D)
-5715(D)
300
-5279
-2170
-211(D)(D)
With-
taxes ondistrib-
utedearnings
(14)
14422631544
1365
(*)2
9816497
27
322
(D)1
(D)
41(D)8
(*)(D)
15(*)
267
18(*)837
Interest (net ofwithholding taxes)
Net
(15)
3,810704
1,441317
1,348
2055
3718
146
3,041685
1,245291819
96928
40376
461
1,630637445146403
268(*)3723
208
29614
121-14175
U.S.affili-ates'pay-
ments
(16)
4,679717
1,644489
1,828
2195
4518
151
3,712698
1,436342
1,236
97728
40777
465
1,974(D)
546166(D)
334(*)3882
214
41314
12547
228
U.S.affili-ates'
receipts
(17)
86913
203172480
1418
(*)4
67213
19151
417
91414
344(D)
10220(D)
660
(*)59
6
118(*)3
6253
Rate ofreturn l
(18)
4.47.65.55.81.6
4.3.7
3.734.0-.3
5.48.16.54.12.9
5.48.27.37.5
.6
6.7(D)8.86.3
(D)
3.9(2)
4.64.23.3
-1.03.7-.95.3
-2.1
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. Income divided by the average of the beginning- and end-of-year investment position.2. Rate of return is not defined because the average position for the year is negative.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 73
Table 8.—Foreign Direct Investment in the United States: Royalties and License Fees and Charges for Other Services[Millions of dollars]
All areas . .PetroleumManufacturing '.Wholesale tradeOther....
CanadaPetroleumManufacturingWholesale tradeOther
EuropePetroleumManufacturing .... . . . .Wholesale trade ..Other...
Of which:Netherlands ...
PetroleumManufacturingWholesale trade ..Other
United KingdomPetroleumManufacturingWholesale tradeOther
JapanPetroleumManufacturingWholesale tradeOther
OtherPetroleum..ManufacturingWholesale tradeOther
1986
Royalties and license fees
Net
6028
32321854
6(D)-2
(D)
425(D)
30073(D)
-350
-22(D)(D)
995
638
23
1680
43122
3
30
-19211
U.S.affili-ates'pay-
ments
77314
45224462
9(D)(*•)(D)
558(D)
39997(D)
150
114
(*)
1245
851123
1740
46125
3
3206
224
U.S.affili-ates'
receipts
1716
130278
302
(*)
1336
9923
4
500
33(D)(D)
260
223
(')
60330
290
25
'I
Charges for other services 1
Net
-1,284-70-60
-436-719
-48-13-87
2625
-144-62-45-48
10
16(D)
301
(D)
-1268
(D)(D)
-423(*)56
-333145
-6694
15-80
-609
U.S.affili-ates'pay-
ments
1,524107670183564
44122
16247
210
75462
38596
211
77(D)
482
(D)
2273995(D)P)
1191
791623
210224424
121
U.S.affili-ates'
receipts
2,808177730619
1,283
49035
24922
184
898124429144201
61(D)181
(D)
23845
103(D)(°)
5411
23350168
8791828
103730
1987
Royalties and license fees
Net
77417
41227570
7(D)(D)
(°)(D)
559(D)
39497(D)
-20
28(D)(D)
102(D)556
(D)
219(*)49
1655
-100
(D)(D)2
U.S.affili-ates'pay-
ments
99518
567321
89
16(D)(*)
2(D)
718(D)
500136
(D)
360
3060
159(D)
10311(D)
235
£171
5
2608
126
U.S.affili-ates'
receipts
2211
1554619
90
(D)(D)1
1591
1063814
3802
(D)(D)
570
4855
160960
370
(D)(D)
Charges for other services 1
Net
-866-146
206-313-612
140-14
32(D)(D)
-20812866
-126-20
30(D)393
(D)
-114(D)
-1918(D)
-237(*)
109-199-147
-5624
-1(D)(D)
U.S.affili-ates'pay-
ments
'•"I?782178902
57420
11559
380
94935
49551
368
854
483
29
289(D)
13023(D)
1971
1314025
208114129
128
U.S.affili-ates'
receipts
2,794213576491
1,514
4343582(D)(D)
1,157163430176388
55(D)91
(D)
403(D)
14940(D)
4331
21239172
7701542(D)(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. Consists of service charges, rentals for the use of tangible property, and film and television
tape rentals. In 1987, U.S. affiliates' payments of service charges were $1,855 million, payments
of rentals for the use of tangible property were $71 million, and payments of film and televisiontape rentals were $2 million; U.S. affiliates' receipts were $2,663 million, $129 million, and $2million, respectively.
Table 9.—Foreign Direct Investment in the United States: Position and Balance of Payments Flows, 1980-87[Millions of dollars]
Direct investment position
Capital inflows (outflows(— ))Equity capitalReinvested earnings ,Intercompany debt
Income
Royalties and license fees, net payments
Charges for other services, net payments 1
1980
83046
16,91890275 1772,713
8635
378
50
1981
108 714
25,19514 79529457,455
6898
413
52
1982
124 677
13,792972323796,448
3 155
325
403
1983
137061
11,9468 699' 89
3,159
5598
405
471
1984
164 583
25,3591504428967,418
9229
597
478
1985
184,615
19,022152141 3785,186
6079
466
696
1986
220,414
34,091250862293
11,298
5379
602
-1,284
1987
261,927
41,97725,4772537
13;962
10,504
774
-866
1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
74 SURVEY OF CURRENT BUSINESS August 1988
Table 10.—Foreign Direct Investment Position in the United States, 1986[Millions of dollars]
All countries
Canada
Europe
European Communities (12)BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited KingdomOther EC
Other EuropeSwedenSwitzerlandOther
Japan
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther
Other Western HemisphereBermudaNetherlands Antilles ...U.K. Islands CaribbeanOther... .. .. .
Middle EastIsraelOther
Other Africa Asia and Pacific
Addendum— OPEC -1
Allindus-tries
220,414
20,318
144,181
127,2212,4877,709
17,2501,323
26340,71755,9351,536
16,9613,963
12,058940
26,824
5,634
16,763
4,1902,2021,988
12,5732,0029,685
560326
4,870567
4,303
1,823
4,787
Mining
5,080
935
1,432
1,37D3
257
267375
060
0
(D)
(D)
222
000
222
-4-3
000
0
Petro-leum
29,094
1,432
26,139
25,89D2
45
11,758
24833539
-126
34
889
353
536215334
DO
Manufacturing
Total
71,963
6,108
56,016
45,434527
7,1957,426
21538
13,29316,500
23810,5822,6967,520
366
3,578
1,800
3,643
552596
443,091
4132,258
39030
168
650
84
Foodand
kindredproducts
12,147
355
11,289
8,32D8
37236
4,8902,899
2,961-1
158
144
64
1368
51
(*)0
0
Chemi-cals and
alliedproducts
22,954
268
20,509
17,980362
4,2873,961
30
3,4575,906
42,529
3192,137
73
279
10
1,854
12D8
1,72D6
1,614
-101
35
-3
Pri-maryand
fabri-cated
metals
7,282
2,381
2,712
2,19ol
652161
49378
D2
521232
471
591
894
104
6
0
Machin-ery
11,547
1,621
9,107
6,392-33242
2,035583
1,7322,338
192,7161,741
94133
1,052
12
-341
-5
3
24
928
86
Othermanu-
facturing
18,033
1,482
12,399
10,54338
1,6431,232
13017
2,7224,575
1861,856
4051,401
50
1,618
1,042
1,172
8(*)8
1,163120838207-1
59
260
-1
Whole-sale
33,997
1,496
16,430
14,512228404
4,98515468
2,6215,676
3761,918
845852221
13,687
110
1,890
18011070
1,71058899410128
13D3
250
149
Retailtrade
8,923
1,335
6,453
6,369135201971-2
1,6013,413
832
765
290
570
705614
500
40971
Q
138
4
Banking
12,394
1,366
5,762
5,622122479329354
61,6612,156
516140
67
2,704
62
1,587
1,551
360
22140
572375198
340
332
Finance,except
banking
7,239
448
4,257
3,391
-1,38780
1012,1812,377
866-182
897151
2,087
430
2
428
312-293
184
(*)
Insur-ance
15,345
2,469
11,768
9,9890
1141,553
02,6545,630
1,778151
1,55869
27
929
-4
18
0
000
0
Realestate
22,512
3,320
9,821
9,2249
571,13D3
212,6145,211
5971
456140
2,941
235
4,786
327195132
4,459145
3,91531485
9541
952
456
933
Otherindus-tries
13,868
1,410
6,103
5,41584
491472
(*)29
2,840
68888
55446
1,306
276
1,817
10
841,42D5
44
2
Table 11.— Foreign Direct Investment Position in the United States, 1987[Millions of dollars]
All countries
Canada. ...
Europe
European Communities (12)BelgiumFranceGermanyItalyLuxembourgNetherlands ...United KingdomOther EC
Other EuropeSwedenSwitzerlandOther.. ..
Japan .. .
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther
Other Western HemisphereBermuda..Netherlands AntillesU.K Islands CaribbeanOther . .
Middle EastIsraelOther
Other Africa Asia and Pacific
Addendum— OPEC l
Allindus-tries
261,927
21,732
177,963
157,7102,598
10,19519,637
1,230154
47,04874,941
1,90720,2534,699
14,3431,211
33,361
6,634
15,287
4,2372,2232,014
11,0502,1888,895-275
242
5,050518
4,532
1,900
4,981
Mining
5,619
808
1,614
1,555
270
4343429
060
744
000
?4D4
1
000
-2
0
Petro-leum
35,395
1,433
32,787
32,237
29
055035114356
30
96
687
225
46263
321
0
Manufacturing
Total
91,025
7,478
70,598
58,832669
8,9079,002
24650
16,12023,510
33011,765
3,0168,321
428
5,232
3,115
3,666
441524-83
3,225438
2,31543439
25D°
687
164
Foodand
kindredproducts
16,004
430
13,890
38238147
5,4924,156
33
-2
164
24
17
7
20
0
Chemi-cals and
alliedproducts
30,442
399
27,637
24,732480
4,4574,664
10
6,0459,077
82,905
3782,445
82
534
32
1,718
218
1,500-3
1,40D2
522
116
-2
Pri-maryand
fabri-cated
metals
8,199
2,555
3,453
795255
919
5331,155
17D5
577
569
p4
30
6
0
Machin-ery
15,157
1,876
11,520
8,571-33
1,3691,923
603
1,4983,736
152,9491,9041,011
34
1,521
8
197
8
51
152
13
20
-27
Othermanu-
facturing
21,223
2,218
14,097
12,46949
1,9042,121
16220
2,5515,386
2751,628
5611,024
44
2,436
1,014
1,159
1924-4
1,139306583250
1
1?
254
-1
Whole-sale
37,580
2,393
18,391
15,483264324
4,95518054
2,2056,958
5432,9081,1421,530
236
14,667
158
1,728
213113101
1,51472863712326
75
168
146
Retailtrade
9,546
1,181
7,215
7,194146311
1,017-4
1,8033,87D9
212
136
320
70
664
6062
2604
47764
404
92
4
Banking
13,848
1,388
6,294
6,1479
468355301
62,5001,948
560147
85
3,402
23
1,793
1,73D3
60DO
0
582407175
367
365
Finance,except
banking
7,982
467
5,916
4,62D6
718649
28-29
2,60D9
1,290-1671,352
105
2,643
110
-1,159
4-711
-1,16D3
272-1,820
188
184
9
Insur-ance
15,951
1,606
13,101
10,9530
1241,620
03,1056,061
2,14D8
1,857
1,067
10
000
9
0
Realestate
24,478
3,360
10,709
10,1831357
1,115
173,3055,50D6
5267
389129
4,431
329
4,186
246119127
3,940229
3,313^ 381
17
8651
864
598
833
Otherindus-tries
20,502
1,617
11,339
10,501-10577625
448
7,28D0
83892
66185
2,367
377
1,913
16
901,504
29
-8
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies. dor> Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab1. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Ecua- Emirates> and Venezuela.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 75
Table 12.—Foreign Direct Investment in the United States: Capital Inflows, 1986[Millions of dollars; outflows (-)]
All countries
Canada.... ;
Europe . . .
European Communities (12)BelgiumFranceGermanyItalyLuxembourgNetherlands .United KingdomOther EC
Other EuropeSwedenSwitzerlandOther
Japan
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther
Bermuda . .Netherlands AntillesUK Islands CaribbeanOther
Middle EastIsraelOther
Other Africa, Asia, and Pacific
Addendum— OPEC l
Allindus-tries
34,091
2,547
21,730
19,095597
1,0171,982
11445
4,37410,827
2282,6351,3951,414-174
7,268
2,719
-332
82657
7691 157
19-750-554
127
-6849
-117
228
294
Mining
962
-17
194
183(D)
«3846
1340
11(D)(D)(D)
(D)
(D)
(*)
000
(*)(D)22(*)(D)
000
(D)0
Petro-leum
662
137
272
399(D)(D)
(D)
'8(D)
511(D)
12830(D)(D)
-65
(D)
362
325(D)(D)377422(D)(D)
(D)(D)(D)
(D)
(D)
Manufacturing
Total
11,865
1,239
9,351
7,414119
1,4871,073
1436
1034,659
421,9371,429
544-36
938
1,180
-1,409
-112-94-18
1 297'487
1 11829611
56(D)(D)
509
64
Foodand
kindredproducts
1,337
130
1,036
797(D)245
(D)(D)(D)
166(D)
239
8(D)-1
137
9
2117
(D)(D)(D)
0
(D)(D)(D)
(D)
(D)
Chemi-cals and
alliedproducts
4,106
123
3,934
3,829(D)
1,315278(D)0
-1182,198
4105(D)
-39(D)
16
17
29
-45(D)(°)16(D)
-21(D)(D)
(*)0
(*)
46
(*)
Pri-maryand
fabri-cated
metals
448
309
80
37(D)27
-41(D)(D)(D)18(D)4325(D)(D)
-6
3
130
(D)(D)(D)(D)(D)(D)(D)6
(D)(D)(D)
(D)
(D)
Machin-ery
1,695
412
2,091
849-51
1765145(*)
183371(*)
1,2411,080
194-33
326
4
1,347
(D)
(D)(D)-1(D)2
(D)
1(*)1
209
(D)
Othermanu-
facturing
4,278
264
2,211
1,9021
104181832
-4021,906
28309172149
-12
603
1,021
87
21
-389(D)
354(D)2
-2(D)(D)
95
1
Whole-sale
4,679
-115
2,688
2,54212
-42546-37-22467
1,58556
14725
159-37
1,775
-55
142
2634-8116(D)-4
-114(D)
44(D)(D)
200
12
Retailtrade
1,759
613
1,193
1,202156294(D)(D)
426605
<°!(*)
Is38
(D)
-166
-3-1-3
-163(D)
-20140(D)
(D)0
(D)
-20
(D)
Banking
1,757
143
771
793(D)10
11050(D)58
430109
-22(D)
(D)11
544
-4
299
360(D)(D)61(*)
-60-1C)
322110
27
-13
Finance,except
banking
1,896
-140
838
699(D)
-627(D)(D)
7537604(D)
139-136
23838
1,926
(D)
-569
-1(D)(D)
568(D)
-147-554
(D)
7D)(D)
(D)
-2
Insur-ance
3,702
49
3,439
3,124(D)
18-133
(D)0
1,6081,628
(D)316(D)
279(D)
(D)
(D)
183
(D)(D)-8(D)(D)-6(D)0
000
(D)0
Realestate
3,099
550
802
787(*)3434(D)-3257474(D)151
103
1,315
113
72
-26-32
698
100132
-17137
2480
248
-1
240
Otherindus-tries
3,710
362
2,181
1,95210710621-1
3(D)
1,220(D)
22930
203-5
658
185
755
(D)-7(°)(D)
-14698(D)25
(D)5
(D)
(D)
(D)
Table 13.—Foreign Direct Investment in the United States: Capital Inflows, 1987[Millions of dollars; outflows (-)]
All countries
Canada
Europe
European Communities (12)BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited KingdomOther EC
Other EuropeSwedenSwitzerlandOther
Japan
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther
Other Western HemisphereBermudaNetherlands Antilles .U.K. Islands, CaribbeanOther ..
Middle EastIsrael.. . .Other
Other Africa, Asia, and Pacific
Addendum— OPEC 1
Allindus-tries
41,977
959
34,974
31,35288
2,5512,403-364-1287,871
18,562369
3,622744
2,582296
6,181
996
-1,453
-29345
142340
-482-880-102
193-57250
128
212
Mining
484
-136
138
137(D)(D)13(D)(D)76530
(*)(D)(D)(D)
(D)
(D)
522
000
522(D)5
(D)(D)
000
(*)0
Petro-leum
6,410
-26
6,801
6,499(D)(D)
-16(D)(D)(D)(D)(D)
30317
104182
64
(D)
-196
-129(D)(D)67
-148-9(D)(D)
(D)0
(D)
(D)
(D)
Manufacturing
Total
20,443
988
16,449
15,027147
1,6911,623-312
4,3557,108
951,423
3301,021
72
1,639
1,293
-58
110813052
-147168237
86(D)(D)
47
80
Foodand
kindredproducts
3,832
45
2,662
(D)
(°)102
(D)(D)
6381,297
(D)(D)
8(D)
6
(D)
-97
4(D)(D)
100(D)(D)
20
(D)(D)0
(D)
(D)
Chemi-cals and
alliedproducts
8,567
131
8,209
7,839119170703
(*)0
3,6433,200
437058
29319
252
22
-134
90(D)(D)
-224(D)
-210(D)(D)
624
81
1
Pri-maryand
fabri-cated
metals
959
170
740
(D)(D)
14394(D)(D)41
361(D)(D)47(D)(D)
106
(D)
279
(D)(D)1
(D)(D)
-74(D)(*)
(D)0
(D)
(D)
(D)
Machin-ery
3,594
106
2,578
2,320
1,128108
11
-1231,416
_ i258163951
457
-4
517
(D)-4(D)(D)(D)(D)6
(D)
615
-66
(D)
Othermanu-
facturing
3,491
536
2,260
2,26211
240930
24
15683490-2156
-1526
818
-51
66
1115
-4-77
24-145
431
-11(D)(D)
4
(*)
Whole-sale
3,549
890
2,020
97939-2
-63189
-3541,183
1671,042
29669055
931
47
175
26-531
-201135
-357232
-58(D)(D)
-108
-3
Retailtrade
539
154
576
63323
11353-2(D)
198256(D)
-57(*)
-636
26
(D)
79
-276
-33106(D)69
g(D)
(D)0
(D)15
(*)
Banking
858
21
324
316-113-11
31278
(*)853
-206407
(D)(D)16
378
-39
136
168(D)(D)
-310
(D)(D)0
729
-22
30
30
Finance,except
banking
730
9
1,608
1,184(D)
672569(D)
130382(D)(D)
42415
455-46
589
(D)
-1,566
1(D)(D)
-1,567(D)
-41-1,527
(D)
(*)(D)(D)
(D)
9
Insur-ance
569
-863
1,303
9460
1177(D)0
429426(D)
357(D)
299(D)
(D)
(D)
129
(D)(D)(D)(D)(D)
80
000
(D)0
Realestate
1,714
22
490
5804
(*)-18
(D)-4649
-44(D)
-896
-6729
1,490
50
-413
-112107-5
-30184
-34644
-83
-720
72
147
-80
Otherindus-tries
6,682
207
5,264
5,053-93
87134
17
(D)4,404
(D)212
317038
1,060
128
89
(D)9
(D)(D)1067(D)
-14
(D)-10
(D)
(D)
(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, tables 10 and 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
76 SURVEY OF CURRENT BUSINESS August 1988
Table 14.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1986[Millions of dollars; outflows (-)]
AH countries
Canada
Europe
European Communities (12)BelgiumFrance .GermanyItaly .LuxembourgNetherlandsUnited KingdomOther EC
Other EuropeSwedenSwitzerland ...Other
Japan
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther
Other Western HemisphereBermudaNetherlands AntillesU.K Islands CaribbeanOther .. .
Middle EastIsraelOther
Other Africa, Asia, and Pacific . . . .
Addendum— OPEC 1
Allindus-tries
25,086
1,803
15,468
13,659306
1,6842,959
4994
2,9135,088
2061,8091,053
552204
3,837
1,357
1,936
62077
5431,316
(D)
1,572134(D)
35037
313
335
489
Mining
555
(D)
115
1155
(D)200
(*)(D)
00000
(D)(D)0
00000000
000
0
0
Petro-leum
1,226
(D)
975
754(D)(D)30
3000
26311
0221
(D)0
(D)
19
(D)
(D)
(D)0
(D)-6
2-8
00
000
(D)(D)
Manufacturing
Total
9,488
271
7,373
6,131(D)
1,4562,339
1840
2891,713
(D)1,242
899341
3
883
487
132
000
132(D)(D)
1500
(D)31(D)
(D)
(D)
Foodand
kindredproducts
251
11
62
6200
(D)30
-27(D)(D)0000
4
(D)
(D)
000(D)02
(D)0
000
39
0
Chemi-cals and
alliedproducts
3,019
(D)
2,953
2,798(D)(D)
93600
(D)(D)
0154
(D)
(D)0
37
(D)
(D)
000(D)0
(D)00
000
0
0
Pri-maryand
fabri-cated
metals
532
143
172
5001
(D)(D)02
120
122(D)(")0
25
40
(D)
000
(D)7°)(D)
0
(D)
0(D)(D)(D)
Machin-ery
3,513
37
2,502
1,6830
(D)1,206
(D)0
(D)270
0819
(D)(D)0
331
2
(D)
000
(D)0
(D)00
(*)0
(*)(D)(*)
Othermanu-
facturing
2,173
(D)
1,686
1,5380
118170(D)
0(D)
1,0980
1481
1443
486
(D)
-370
000
-370(D)0
(D)0
3131
0
(D)
0
Whole-sale
1,914
209
1,285
1,1960
(D)83(D)
018870111089(D)(D)0
240
(D)
61
(D)2
(D)(D)36(D)0
(*)
(D)0
(D)
10
76
Retailtrade
1,056
(D)
287
287
A000
(D)(D)00000
71
(D)
(D)
000
(D)
0(D)
450
000
(D)0
Banking
1,122
98
366
347(D)14
15792
(D)
766819(D)8
(D)
316
3
303
(D)(D)
292(D)0
(D)00
314
27
4
12
Finance,except
banking
2,687
-39
1,302
1,2524
(D)(D)00
(D)171
050-5(D)(D)
1,357
(D)
(D)
000
(D)(D)(*)(D)0
110
(*)0
Insur-ance
1,227
56
1,089
1,0790
(*)(D)00
(D)341
010(D)(D)
0
(D)
(D)
59
5959000000
000
0
0
Realestate
3,028
503
1,324
1,293(D)(D)9200
208975
0313
253
725
80
213
20(D)(D)
193(D)
216-49
(D)
1550
155
27
155
Otherindus-tries
2,784
197
1,350
1,20527
128(D)(D)1
472547
(D)
146(D)(D)5
140
(D)
875
46-450
830(D)
851(D)0
(D)
0(D)
8
(D)
Table 15.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1987[Millions of dollars; outflows (-)]
All countries
Canada
Europe
European Communities (12)Belgium .FranceGermanyItalyLuxembourgNetherlandsUnited KingdomOther EC. . .
Other EuropeSwedenSwitzerlandOther
Japan
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther
Other Western HemisphereBermudaNetherlands AntillesU.K. Islands, CaribbeanOther . . . .
Middle East ....Israel . . . .Other
Other Africa, Asia, and Pacific
Addendum— OPEC l
Allindus-tries
25,477
635
16,280
15,01947
1,8411,985-234
123,5217,739
1081,261
1421,049
70
4,340
1,575
1,853
1427864
1,711-26
1,100642-5
6205
615
175
655
Mining
270
(D)
-11
-1200
(D)00
(D)(D)01100
0
(D)(D)000
(D)00
(D)0
000
0
0
Petro-leum
447
7
20
-2401000
-32704040
91
21
(D)
000
(D)0
(D)(D)0
(D)0(D)0
(D)
Manufacturing
Total
13,210
708
9,176
8,529(D)
1,5941,283
469
2,2483,343
(D)647(D)
567(D)
993
1,391
830
(D)(D)0
(D)(D)(D)(D)(D)
(D)0
(D)(D)(D)
Foodand
kindredproducts
1,803
(D)
611
(D)00
18(D)(D)(D)(D)
0(D)0
(D)6
0
(D)
(D)
000
(D)(D)000
000
(D)0
Chemi-cals and
alliedproducts
4,820
(D)
4,705
4,552(D)
907222
00
(D)1,502
0152
0(D)(D)
35
(D)
0
00000000
000
0
0
Pri-maryand
fabri-catedmetals
930
(D)
324
(D)0
25200
(D)
7D)0
(D)(D)(D)0
101
(D)8
1107
(D)00
(D)
(D)0
(D)0
(D)
Machin-ery
3,051
30
1,930
1,8880
592212
(D)0
(D)1,013
0435
380
164
0
(D)
440
(D)
0(D)00
202
(D)
2
Othermanu-
facturing
2,606
159
1,606
1,584(D)71
811(*)0
67615
(D)235
171
693
121
7
(D)(D)0
(D)(D)-1(D)
0
00
20
0
Whole-sale
224
326
-450
-50702
410
-1-761
2056
58(D)(D)
0
318
(D)
-3
-4-5(*)
0-2
30
000
(D)0
Retailtrade
344
60
234
(D)0
(D)
~00
(D)242
5(D)0
(D)0
23
0
27
(D)0
(D)
(D)(°)(D)(°)0
000
0
0
Banking
1,869
135
1,220
1,185(D)3366(D)(D)
1,17112426350
(D)(D)
298
-27
131
127(D)(D)40220
245
19
87
62
Finance,except
banking
2,044
1
1,084
(D)0
(D)(D)00
(D)135
0(D)0
(D)2
870
(D)
39
(D)2
(D)(D)
(D)300
000
(D)0
Insur-ance
-388
-637
246
7900
(D)00
(D)(D)0
167(D)(D)0
0
4
0
00000000
000
0
0
Realestate
2,075
247
763
75040
2921
369345
013049
960
(D)
88
-1-1
089
' (D)2357(D)
909
(D)
9
Otherindus-tries
5,383
(D)
4,039
3,7920
4059(D)(D)
4203,210
(D)247
0(D)(D)
787
98
184
18(D)(D)
166-6157
311
(D)
0(D)
-1
(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, tables 10 and 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 77
Table 16.—Foreign Direct Investment in the United States: Reinvested Earnings, 1986[Millions of dollars]
AH countries .
Canada
Europe....
European Communities (12)Belgium. . . .France . .GermanyItalyLuxembourgNetherlandsUnited KingdomOther EC
Other Europe.SwedenSwitzerlandOther
Japan . . .
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther
Other Western HemisphereBermuda ^Netherlands AntillesU.K. Islands, Caribbean .Other
Middle EastIsrael ...Other . . .
Other Africa, Asia, and Pacific
Addendum — OPEC l
\
Allindus-tries
-2,293
-675
711
588-169-111-382-61-8779554-13123106239
-222
110
-30
1,920
1549460
-2,075147
-2,149-96
23
-4154
-419
-74
374
Mining
-170
-55
-133
-135(*)"-5
52
-1-51-85
03120
-1
(D)
(D)
000
(D)(D)~n(*)
000
(*)0
Petro-leum
-1,114
-310
-779
-595(D)
-8-38-2625
-1,0457
-183(D)(*)(D)
-10
(D)
14
(D)
(D)(D)
(D)
-35(D)8
(D)0
(D)
(D)
(D)
Manufacturing
Total
-1,897
371
-114
-75-31
53-580-68-7126422
10-39
44-94
11
259
16
-1,877
-64-46-18
-1,814
-1,778-33
3
-4(D)(D)
29
(D)
Foodand
kindredproducts
465
26
457
(D)3
3(')-2325721
(D)(D)(D)(D)
—8
(*)
-5
211
-6-3-2-1
0
(*)C)
0
6
1
Chemi-cals and
alliedproducts
-38
31
-86
-74-40-17
-17000
-31184(*)
-1213
-3610
-14
(*)
37
(D)(D)
0(D)(D)(D)(D)3
(*)0
(*)
-5
(*)
Pri-maryand
fabri-cated
metals
-201
22
-46
863
54-10-14-7
756-3
-132(D)(D)(*)
70
-31
(D)
(D)(D)
-10-33
(D)-6(D)0
(D)0
(D)-6
(D)
Machin-ery
-2,470
127
-654
-657(*)
-24321-22
(*)-167-123
13
26-12-11
-70
(*)
(D)
-13-3
9(D)(*)(D)2
(*)
(*)(*)(*)
(D)
(*)
Othermanu-
facturing
347
164
214
(D)3
(D)
-77-32
2-723311(D)60
-13(D)
-97
46
47
110
46-10
56(*)(*)
(D)(D)0
(D)
0
Whole-sale
394
-586
455
36118
-62305
83
8796
-95943766-9
493
-8
32
74
112519312
312
6
2
Retailtrade
193
45
235
23815(D)
116-2
S(D)
24
(*)
-8
-17
2
5
22
(*)256
-12
000
14
0
Banking
350
32
260
298(D)
5-47
40(D)
14716442
-387
-39— 7
98
-7
4
(D)(D)25(D)<*)(D)
0
11717
-29
25
Finance,except
banking
91
39
64
-64-7
-31130
32
-109207
2128(D)
142(D)
-57
1
41
-1-2
142-1(D)(D)(D)
55
(*)
-2
(*)
Insur-ance
1,301
23
1,145
9600
154750
187708-2184
17150
17
11
(D)
(D)
(D)(D)(D)-3
2(*)-4
0
000
10
Realestate
-669
-67
-282
' -261(*)-2
-40—7-3
-134-75
(*)20-2-4
-14
108
(D)
-225
-33294
-192(D)
-220-68
(D)
210
21
(D)
13
Otherindus-tries
-772
-76
-140
-139-552
-36
7D>-126
(D)221
-613-8
39
-4
-59
629
651
-7141
(D)
(°)
(°)
(D)
(D)
Table 17,—Foreign Direct Investment in the United States: Reinvested Earnings, 1987[Millions of dollars]
All countries
Canada
Europe .
European Communities (12)BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited Kingdom ...Other EC
Other EuropeSwedenSwitzerlandOther
Japan
Australia, New Zealand, and South Africa
Latin America . . . .
South and Central AmericaPanamaOther
Other Western HemisphereBermudaNetherlands AntillesUK Islands CaribbeanOther
Middle EastIsrael . . ..Other .
Other Africa Asia and Pacific
Addendum — OPEC l
Allindus-tries
2,537
-95
3,426
2,607142
-107-274-60
7831
1,893175819338501-20
153
28
-606
16-34
50-622
229-762
12131
-28225
-307
86
-245
Mining
59
33
1
-33
-6622
-12604
-140
5
(D)
(D)
000
(D)(D),<•)••(*)
2
000
(*)
0
Petro-leum
1,378
-57
1,406
1,400(D)-5
-1213
7D)335
(D)6
151
-8
-4
-8
29
(D)(D)
(D)(D)
(D)11(D)
(D)
(D)0
(D)
(D)
(°)
Manufacturing
Total
2,146
183
2,149
1,6621295226
-473
2111,209
7848718825445
145
17
378
-203-181-21
-17555
-251165
29(D)(D)
2
(D)
Foodand
kindredproducts
475
29
475
3893
(*)-4-3-3328712
86(D)
74(D)
3
(D)
-14
211
-16-10
2-4
0
(*)(*)0
(D)
1
Chemi-cals and
alliedproducts
1,181
22
1,111
902119
-181199
00
185578
220821
16324
39
(D)
(D)
(D)(D)0
-130
-18(*)
5
(*)0
(*)
1
(*)
Pri-maryand
fabri-cated
metals
101
-40
253
2306
(D)22-5
13955(D)23-31313
18
50
-170
(D)(D)(D)(D)9
(D)7
(*)
(D)0
(D)
(D)
(D)
Machin-ery
-510
-75
-186
2841
-20-316-27
1-78155
199
108(*)
44
-3
(D)
-27(D)
(D)
(D)(*)(D)-5(*)
515
(D)
(*)
Othermanu-
facturing
899
247
495
4255
(D)126-11
4-262
348(D)70(D)3
(D)
77
-29
102
-16-16
0117574317(*•)
(D)(D)0
(D)
0
Whole-sale
1,450
631
181
8116
-351-2
997
23880
1007527-3
528
2
107
25
-31051124334
2
7(D)
(D)
-6
7
Retailtrade
-124
-323
189
234(D)
452-2(*)21
150(D)
-45(*)
-505
7
8
-12
77
(*)-18
2-22
(*)2
000
20
0
Banking
1,216
-114
-813
-756(D)
-43-34
52
(D)-284
14-57
3-34-26
-213
-12
6
41-142
—350
-34-1
0
1328
-40
-57
-32
Finance,except
banking
-37
16
94
-60(*)QA
921
2021-2155(D)
164(D)
-57
6
-107
-1—2<*)
-106(*)-6
-1099
10(D)(D)
-1
(*)
Insur-ance
575
-264
703
4980
118950
33362i204
(D)145(D)
8
(D)
(D)
(D)(D)(D)23
(*)-1
0
000
(D)0
Realestate
1,186
-185
-435
-402-1-3
-3494
-166184(#\
-33-2
824
-199
2
-335
-18-12-6
32-307-44
2
-110
-11
-24
-19
Otherindus-tries
-507
-16
-48
-48-11
168
(*)3
-654010j5
-1-5
-51
(D)
-84
121
11-96
9-109
(D)(D)
(D)-3(D)
-21
(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, tables 10 and 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
78 SURVEY OF CURRENT BUSINESS August 1988
Table 18.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1986[Millions of dollars; outflows (-)]
All countries
Canada
Europe ..
European Communities (12) . . . .BelgiumFranceGermany . .ItalyLuxembourg . .NetherlandsUnited KingdomOther EC
Other Europe.....SwedenSwitzerlandOther ... .
Japan
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther .
Other Western HemisphereBermudaNetherlands AntillesU.K. Islands, CaribbeanOther
Middle EastIsrael...Other ... .
Other Africa, Asia and Pacific
Addendum— OPEC l
Allindus-tries
11,298
1,419
5,551
4,847460
-555-595-324-40682
5,18535
703236624
-157
3,321
1,392
-347
51-115
166399
(D)172592(D)
-29
-11
-34
180
Mining
577
(D)
211
203(D)
-251
(D)(D)97(D)09
(D)(D)(D)
40
229
(D)
000
(D)0
210
(D)000
(D)0
Petro-leum
550
(D)
75
241366
1(D)(D)(D)(D)
223(D)
165(D)(D)
-150
-74
529
(D)
89(D)(D)(D)(D)210
(D)
1(D)(D)
286
179
Manufacturing
Total
4,274
597
2,092
1,358(D)
-22-685
271
5182,523
(D)734486297
-49
315
677
336
-48-48
(*)385(D)(D)
1798
(D)-11
(D)
(D)
7
Foodand
kindredproducts
621
94
517
(D)(D)(D)(D)(D)(D)(D)(D)-3(D)(*)(D)-1
3
(D)
(D)
11
(*)(D)(D)(D)00
(D)(D)(D)
(D)
(D)
Chemi-cals and
alliedproducts
1,125
(D)
1,067
1,10574(D)
-488(D)0
(D)(D)
-3840(D)(D)
7
(D)
(D)
(D)(D)(D)28(D)70
(D)
000
51
(*)
Pri-maryand
fabri-cated
metals
117
144
-47
-100(D)
-28(D)13(D)(D)
-49(D)53(D)
2(D)
40
-6
-87
7D)(D)807
-129366
(*)(D)(D)
72
1
Machin-ery
653
247
243
-177-51
(D)-235
(D)0
(D)224-1420
(D)(D)
-21
66
1
21
(D)
8(D)(*)140
(D)
(*)0
(*)74
(D)
Othermanu-
facturing
1,758
(D)
311
(D)-3(D)87(D)
0(D)
57417(D)
11018(D)
214
(D)
410
3(*)3
413-30298143
2
(D)11(D)
78
1
Whole-sale
2,371
262
949
985-30
(D)157(D)25
19278841
-36(D)(D)28
1,041
(D)
49
(D)36(D)(D)(D)(D)
-115(D)
(D)(D)72
185
-66
Retailtrade
510
(D)
671
6760
21821(D)(D)(D)
337(D)-5(*)
41
16
24
(D)
633
(D)(D)(D)-4(D)
(D)0
(D)
(D)
(D)
Banking
285
13
144
14754-9
00
(D)(D)
190-1-3
-10(D)(D)
130
0
(*)
0(D)(D)(*)000
(*)000
2
0
Finance,except
banking
881
-141
-528
-489(D)(D)
-67(D)5
(D)227(D)
-39(D)(D)52
626
1
(D)
(*)(D)(0)(D)38(D)(D)40
-8(D)(D)
(D)
-2
Insur-ance
1,174
30
1,206
1,084(D)3
(D)(D)0
(D)578
(D)122
2(D)(D)
4
0
(D)
(*)(D)(D)(D)(D)
7°)0
000
(D)0
Realestate
741
114
241
-244(D)
(D)-18
(D)(*)
183426
(D)3
(*)-10
14
699
(D)
84
-13(D)(D)97
41375419
720
72
(D)
72
Otherindus-tries
1,697
241
971
8878530(D)(D)(D)(D)(D)(*)84(D)(D)-2
557
(D)
62
(D)(*)(D)(D)(D)827
24
(D)
(D)-25
22
- (D)
Table 19.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1987[Millions of dollars; outflows (-)]
All countries
Canada
Europe
European Communities (12) .Belgium .FranceGermanyItalyLuxembourgNetherlandsUnited KingdomOther EC
Other Europe.. ..SwedenSwitzerland . . . . .Other
Jaoan
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther
Other Western HemisphereBermudaNetherlands AntillesUK Islands CaribbeanOther
Middle EastIsraelOther
Other Africa, Asia, and Pacific
Addendum— OPEC l
Allindus-tries
13,962
419
15,268
13,727-101
817691
-70-1473,5198,930
871,541
2641,032
245
1,687
-607
2 699
18778
109-2,512
-163-820
-1,401-128
-14587
-58
39
198
Mining
155
(D)
148
152(D)(D)(D)(D)(D)(D)(D)0
-4(D)(D)(D)
- (D)
-58
5
000506
(D)(D)
000
(*)0
Petro-leum
4,585
24
5,416
5,123(*)(D)
—4(D)(D)
-137(D)0
2931
101190
23
(D)
(D)
(D)(D)
-127127(D)(D)-310
(*)0
(*)
21
124
Manufacturing
Total
5,088
97
5,125
4,836(D)45
313-2
01,8952,557
(D)289
(D)201(D)
501
-115
511
(D)(D)-8(D)(D)(D)(D)(D)
(D)2
(°)
(D)
__7
Foodand
kindredproducts
1,555
(D)
1,577
1,202(D)10
-12-1
0(D)(D)(D)
375(D)
376(D)
3
-1
(D)
2(D)(D)(D)1
(D)60
(°)(D)
0
15
(D)
Chemi-cals and
alliedproducts
2,566
(D)
2,393
N 2,384(D)
-555282
(*)0
(D)1,119
29
37(D)(D)
178
-7
(D)
(D)64(D)
-211(D)
-192(D)(D)
624
82
2
Pri-maryand
fabri-cated
metals
73
(D)
163
280(D)(D)53(D)
03
(D)2
-117(D)(D)(D)
23
36
-117
5(D)(D)
122__y(D)(D)(D)
(D)0
(D)
16
(*)
Machin-ery
1,053
151
833
7165
556
(D)0
(D)247-2117505610
249
-1
-85
(D)(D)14(D)(D)
-3011(D)
-10
-1
93
(D)
Othermanu-
facturing
-14
131
159
253(D)(D)
80
351-129
495(D)
-171(D)
49
-143
-175
(D)(D)-4(D)(D)
-187(D)1
(D)(D)(D)
(D)
(*)
Whole-sale
1,876
-67
2,289
1,405232
24619
-1731174081
884(D)(D)57
86
(D)
279
29-533
-30824
-313-14
4
65673
(D)
-10
Retailtrade
319
109
153
(D)(D)(D)
20
(D)(D)
-136(*)(D)
810
(D)
64
(D)(*)(D)(D)
0(D)(D)(D)
(D)0
(D)-5
(*)
Banking
206
0
-83
-113-65
00
(D)(D)(D)47
030(D)0
(D)
293
0
0
00000
(D)(D)0
-4-4
0
0
0
Finance,except
banking
-1,276
7
430
(D)(D)(D)(D)(D)
-131(D)(D)(D)(D)(D)(D)(D)
-225
50
-1,497
(D)(D)(D)(D)-2
-38-1,418
(D)
10111
-17
9
Insur-ance
382
38
355
3690
(*)(D)(D)
0(D)(D)(D)
-14-17
(D)(D)
(D)
4
(D)
(*)(*)
0(D)(D)(D)(D)0
000
-10
Realestate
824
-41
163
23203
13(D)(*)
447-205
(D)-69
8-63-14
729
(D)
166
-93-93
1^73
(D)
32(D)
-710
71
(D)
-71
Otherindus-tries
1,805
(D)
1,274
1,308-82
6383(D)(D)(D)
1,154(*)34-2(D)(D)
324
(D)
-11
(D)(D)
-10(D)
6192
(D)
(*)
6
(D)
5
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, tables 10 and 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 79
Table 20.—Foreign Direct Investment in the United States: Income, 1986[Millions of dollars]
All countries.
Canada
Europe
European Communities (12)BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited Kingdom .Other EC
Other EuropeSweden . .SwitzerlandOther
Japan
Australia, New Zealand, and South Africa
Latin America
South and Central AmericaPanamaOther
Other Western HemisphereBermudaNetherlands AntillesU.K Islands, CaribbeanOther .
Middle EastIsraelOther
Other Africa Asia and Pacific
Addendum— OPEC *
Allindus-tries
5,379
390
5,701
4,878-23
54-23
183
2,1792,611
59823164864
-205
1,009
28
1 395
241128113
1636193
-1,742-122
35
-3891
-390
34
-329
Mining
-140
49
-108
-1111
-282
-1338403220
(*)
(D)
(D)
000
(D)(D)(*)(*)(*)000
(*)0
Petro-leum
302
-236
498
678(D)(D)
-1315-269235
7-181
(D)
(D)
-9
(D)
40
(D)
(D)(D)(D)
-15(D)8
(D)0
(D)
(D)
(D)
Manufacturing
Total
75
495
1,522
1,183-25200
-522646
85470739
33889
23515
-215
30
1 729
5429
-24-1,675
22-1,654
-463
T°4)(°)24
(D)
Foodand
kindredproducts
797
31
774
(D)6
(D)-1(*)-2390169
1(D)(D)(D)(D)
-3
1
(*)
21121210
(*)(*)
0
g
1
Chemi-cals and
alliedproducts
518
32
388
337-37
2-87
00
229230(')51152611
-13
1
115
(D)(°)(*)(D)(°)(D)(°)3
(*)0
(*)
5
(*)
Pri-maryand
fabri-cated
metals
31
25
131
2533
135-9
-13-659883
-122(D)(D)(*)
-68
-19
(D)
(D)(D)9
10(D)11(D)
0
(D)0
(D)g
(D)
Machin-ery
-2,257
189
512
-592-1
-22-363-21
(*)-95
901
805832
-10
-55
(*)
(D)
193
16(D)(*).(D)
2(*)
(*).(*)(*)
(D)
-4
Othermanu-
facturing
987
218
740
(D)4
(D)-61-29
2271311
40(D)6468(D)
-76
48
80
110
791972
-12(*)
(D)(D)0
(D)
0
Whole-sale
1,491
-204
1,000
82520
-40468
123
172255-6617666
118-8
616
-8
108
74
11101267212
-5-6
1
-16
1
Retailtrade
818
35
767
76618(D)
126-2<•)
121(D)
21
(*)8
-7
-16
2
20
22
(*)185
22j2
000
80
0
Banking
1,448
253
509
458(D)43
-1457(D)
17819453507
496
616
—2
58
(D)(D)80(D)
80
621
-15
9
-3
Finance,except
banking
74
56
23
-104-7109
-1583
1228
1262
126(D)
159(D)
-55
1
48
_]_-1(*)492
(D)(D)(D)
881
-6
-2
Insur-ance
1,698
172
1,387
1,1430
18137
50
226759-2244
19208
17
11
(D)
(D)(D)
(D)(D)-1
2140
000
10
Realestate
73
-3
70
67(*)-3
-276
-31790(*)3
-29
-4
j
(D)
-55
-24-22-2
-31(D)
-84-58
(D)
480
48
(D)
40
Otherindus-tries
-461
-58
33
-29-5
-47-27-4(D)
-75(D)2462-170-7
62
-3
-45
8-210
-522
-6161
(D)
(D)(D)
(D)
(D)
Table 21.—Foreign Direct Investment in the United States: Income, 1987[Millions of dollars]
AH countries
Canada
Europe
European Communities (12)BelgiumFranceGermanyItalyLuxembourg...,NetherlandsUnited KingdomOther EC
Other EuropeSwedenSwitzerlandOther
Japan
Australia, New Zealand, and South Africa
Latin America .
South and Central AmericaPanamaOther
Other Western HemisphereBernludaNetherlands AntillesU.K. Islands, CaribbeanOther
Middle EastIsraelOther
Other Africa, Asia, and Pacific
Addendum— OPEC 1
Allindus-tries
10,504
896
8,717
7,11122725
-86-20
102,3824,355
2181,606
4011,197
8
1,178
28
-52
57-14
71-109
25327712741
-26114
-276
1
-211
Mining
150
45
91
864
-6922
205906140
7
(D)
(D)
000
(D)(D)(*)(*)2
000
(*)0
Petro-leum
2,456
10
2,400
2,391(D)-5-3
51
(D)1,203
(D)9
16-1-7
-3
-8
46
(D)(D)(D)(D)(D)22(D)(D)
(D)0
(D)
(D)
(D)
Manufacturing
Total
4,515
252
4,125
3,25713817076
-453
1,0671,758
8986824357847
202
26
133
-202-177-25
696523225
29(D)(D)
14
(D)
Foodand
kindredproducts
878
30
867
6253
10-3
33
387232
2242(D)
230(D)
6
(D)
10
211
-12-7-2-3
0
(*)(*)
0
(D)
1
Chemi-cals and
alliedproducts
1,964
23
1,752
1,516125
-184277
00
452844
223625
18922
43
(D)
(D)
(D)(D)
0118(*)
113(')5
(*)0
(*)
5
(*)
Pri-maryand
fabri-cated
metals
259
32
383
345
(D)13-4
16667(D)389
1614
-14
51
157
(D)(D)(D)(D)15(D)
7(*)
(D)0
(D)
(D)
(D)
Machin-ery
-330
-73
-25
-238-1
-21-356-27
1-27192
121314577-9
58
(*)
(D)
-30(D)
(D)(°)(*)(°)5
(*)
515
(D)
-1
Othermanu-
facturing
1,744
304
1,148
1,0086
(D)145-11
4189423
(D)139(D)67(D)
108
-25
198
-15-15
021357
13422(*)
(D)(D)0
(D)
0
Whole-sale
2,093
662
711
4641811
-25019
18239698
247107140(*)
601
3
166
(*)2
-316611613343
-10(D)(D)
40
6
Retailtrade
568
245
746
723(D)2166-2(*)
121503(D)23(*)175
-6
9
-10
77
(*)-17
221(*)
2
000
75
0
Banking
74
141
-515
556(D)-6-620-2(D)
-22725417
58-23
447
-10
28
637
56-35
034(*)
0
-532
-37
-11
29
Finance,except
banking
57
23
159
8(*)
-158-53
24
14768-2151(D)
186(D)
-25
5
112
-1-1(*)
-111
813010
14(D)(D)
-8
(*)
Insur-ance
916
-115
888
6250
129450
89426
I264(D)
204(D)
8
(D)
(D)
(D)(D)(D)331
-10
000
(D)
0
Realestate
81
63
26
39-1-4
-19-8
41163(*)
-12-2
2-12
32
4
-147
-127
-5-136
39-147^-36
9
180
18
-14
10
Otherindus-tries
245
60
85
74-11
11(*)(*)3
26106131168
-4
-21
(D)
-63
171
16-80
10-96
(D)(D)
(D)
5(D)
-19
(D)
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, tables 10 and 11.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
80 SURVEY OF CURRENT BUSINESS August 1988
Table 22.—Foreign Direct Investment in the United States: Country Detail for Selected Items[Millions of dollars]
Line
1
2
3
456789
101112131415
161718192021222324252627282930313233343536
37
38394041
42
434445464748495051525354555657585960616263
64656667686970717273747576
7778798081828384858687888990
All countries....
Canada
Europe
European Communities (10) .BelgiumFranceGermanyItalyLuxembourgNetherlandsUnited KingdomDenmark, Greece, and Ireland
Denmark . .Greece ..Ireland
Other EuropeSwedenSwitzerlandOther.
AndorraAustriaCyprus .CzechoslovakiaFinlandGibraltarHungaryIcelandLiechtensteinMaltaNorwayPolandPortugalSpainTurkeyUnion of Soviet Socialist RepublicsYugoslavia
Japan
Australia, New Zealand, and South AfricaAustraliaNew ZealandSouth Africa
Latin America ....
South and Central AmericaPanamaOther
ArgentinaBelize ..BoliviaBrazilChileColombia ,Costa RicaEcuadorEl SalvadorGuatemalaHondurasMexicoNicaraguaParaguayPeruSurinamUruguayVenezuela ,
Other Western HemisphereBermuda ....Netherlands AntillesUnited Kingdom Islands — CaribbeanOther
Bahamas . . . .BarbadosDominican RepublicFrench Islands — CaribbeanHaitiJamaicaSt. Christopher and Nevis. .Trinidad and Tobago
Middle EastIsraelOther . .
BahrainIranIraq .. .JordanKuwaitLebanonNeutral ZoneOmanQatar ,Saudi ArabiaUnited Arab Emirates
Direct investment position
1983
137,061
11,434
92,936
82,2862,2615,726
10,8451,238
29729,18232,152
58430857
219
10,6502,1247,4641,061
1210(*)0
6736
(D)129
0311(°)14
194(*)1341
11,336
99993098
-28
15,035
2,7472,073
674194(D)0
843
63(')32<")26
244(*)
2323
24
12,2891,1689,948
985188175(D)C)(*)1
(*)(D)
(*)
4,446449
3,997(D)181
-23,606
50
(D)3
35311
1984
164,583
15,286
108,211
96,5552,5486,591
12,3301,438
75333,72838,387
77940490
285
11,6552,2588,1461,251
1243
CO
16439
(D)170(*)
31127-4231
11343
16,044
2,1522,125
52-25
16,201
2,8591,924
935237(*)-2160
~69(*)35(D)
76
308(*)-2
30
(D)48
13,3431,370
10,935866172158
CO0
(*)
(*)(D)(*)
5,336525
4,811(D)171
-84,333
310
<?42521
1985
184,615
17,131
121,413
107,1052,2916,670
14,8161,237
34537,05643,5551,135
577
814,3082,357
10,5681,382
127(D)
22038
CO221(*)
39629(*)
2731
1239
19,313
3,3243,264
7212
16,826
3,4912,2041,287
280(D)0
2011675(*)41CO86
5331
-7402
103
13,3351,691
10,4431,028
172154(D)
2(*)
5(D)(*)
4,954494
4,460-3161
-33,968
400
-13
42019
1986
220,414
20,318
144,181
126,8532,4877,709
17,2501,323
26340,71755,9351,168
552256360
17,3283,963
12,0581,308
3118(D)
19539
(D)230(*)
2413018
3501
1260
26,824
5,6345,466
9772
16,763
4,1902,2021,988
292(D)
01821478(')45(D)86
84711
(D)02
476
12,5732,0029,685
560326309
(D)-2(*)
C)(D)(')
4,870567
4,3032314(*)(*)
3,77149003
4364
1987
261,927
21,732
177,963
157,2662,598
10,19519,6371,230
15447,04874,941
1,463728268467
20,6984,699
14,3431,655
1119(D)
23139
CO212(*)
4983023
4212
1140
33,361
6,6346,373
19268
15,287
4,2372,2232,014
312(*)
01952682(*)47(*)
65
88021601
451
11,0502,1888,895-275
24220932C)(')
(*)(*)-1
5,050518
4,5324014(')(*)
4,00256003
4152
Capital inflows (outflows (-))
1983
11,946
215
9,134
7,774317
-2011,007
28-10
2,7783,727
128346
88
1,360358962390
7110
140
-2(D)
-820
59CO(*)
-30(*)
13
1,653
218210
26
474
-21-89
6864(D)
02
151116
(D)(*)
2-39
2321
-5
496-216
538215
-42-40-2(*)
01
(*)0
(*)1626
-10(D)1
(*)-2
610
(D)3
-173
1984
25,359
3,294
14,686
13,292302774
1,291197129
3,5206,882
196963367
1,395216
1,035144
033_ i
097
02
CO-5(*)(*)(D)
-18391
(*)2
4,374
1,1481,188-46
7
615
90-167
25843CO2
76-8
6(*)
215
-161(*)-4(*)-2(D)24
52584
848-257
18162
(")00
(')0
(*)79176
715(D)-1(*)-6646260
(D)(*)5610
1985
19,022
911
12,794
9,823-171
302,292
— 5-1762,7764,665
413230
82S2,722
130
-293(D)
0113
0-1(D)-5(*)
12114
64(*)-1-4
3,394
1,2351,209
206
719
42473
35043(D)2
42216
(*)7
(D)(*)(*)
2221
-510
(D)55
296333
-22417018132
—2(*)
050
(*)
-370-28
-3426
_ j(*)
6-352
9021
-10-1
1986
34,091
2,547
21,730
19,000597
1,0171,982
114-45
4,37410,827
13457
?!2,7291,3951,414-80
2-11
CO0
-2501
(D)9
(*)-160
21877-1-121
7,268
2,7192,606
2984
332
82657
76912CO0
-13-1
3(*)
4(D)(*)(*)
315(*)-2(D)
0-1444
-1,15719
-750-554
127129(D)(')(*)(*)-5(D)(*)
-6849
-11727-2(*)3
-1546010
16-15
1987
41,977
959
34,974
31,28188
2,5512,403-364-1287,871
18,56229817913
107
3,693744
2,582367-2
2(D)
0370
(*)(D)
20
260-1
1711
-1-19
6,181
99690791-3
1,453
29345
20(D)
03
124
(*)2
(D)-2(*)33(*)(*)(D)
0_ i
-29
-1,42340
-482-880-102
116(D)
(*)0
(*)(')(D)(*)
193-57250
12C)(*)(*)
2511000
-1-21-2
Income
1983
5,598
10
4,473
4,009250
-416151
-184
1,8902,128
2173
11
46423
469-28
0~~0
0-11
0(*)(*)210
-2-2
17
(*)(*)
1,013
5055-1-4
72
714
672800
19-1
4(*)
521
(*)-13
(*)
(*)0
-123
2-214
3162575
-771
(*)00
(*)00
-3615
-51-1
1(*)-442800
(*)7
-3
1984
9,229
304
7,054
6,287239
-178803-73
293,1132,298
56103
44
767209562-4
0-2
00
-100
(*)(*)-8
07
(*)261
-11
1,884
-77-70-7(*)
75
-52-140
883600
29(')
6(*)521
(*)-13
<*)-3
103
22
127-134
2222315132
(')00
(')00
-1147
-58-2(*)(*)-6
-527001
-1-6
1985
6,079
348
5,240
4,80180
-157605
-11561
2,1312,127
69278
35
439175625
-3600
-37700
-1014
100
-10(*)
233(*)
7*)1,561
272223
-693
-6-103
973500
20(')
2(*)
(D)(*)(*)
11(*)
0(D)30
-687-255-462
51-20-20
2-2
00
(*)00
-39613
-409-2-1(*)
2-403
500
(')-5-3
1986
5,379
390
5,701
4,846-23
54-23
183
2,1792,611
2752
?!855164864
-1730
-2090060
(*)
30
-6(*)
31(')
(*)
1,009
2839
-111
-1,395
2411281132500
152
12C)
2(*)(*)
-21(')(*)101
74
-1,636193
1,74212235323000
(*)00
-3891
-390-3-2(*)3
-391800
(*)10
-16
1987
10,504
896
8,717
7,09322725
-86-20
102,3824,355
20088(D)
(D)
1,624401
1,197250
-340070
(*)240
2211
17313
1,178
2846224
-52
5714711000
-151
-4(*)
1(*)(*)1
(*)(*)10
(*)73
-109253277
-12741375
(*)00
(*)0
C)
26114
-276-2-1(*)
4-252
(D)00
(D)-24-10
See footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 81
Table 22.—Foreign Direct Investment in the United States: Country Detail for Selected Items—Continued[Millions of dollars]
Line
919293949596979899
100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136
137138
Other Africa, Asia, and PacificAfghanistanAlgeria .BangladeshBruneiCameroon.. ....Congo_ °,Fiji.. . ' . . ' ' .French Islands Indian OceanFrench Islands PacificGabonGhanaGuinea-Bissau ;Hong KongIndia ?.....Indonesia .. ..... . .
KenyaLaosLiberia . . .LibyaMadagascarMalawiMalaysiaMaldivesMorocco .. . ..Namibia . . . .NauruNigeriaPakistanPeople's Republic of ChinaPhilippines. .Senegal .Singapore . . .South KoreaSri LankaTaiwanTanzaniaThailandTogoTunisia .'.VanuatuZaireZambiaZimbabwe
Addenda:OPECEuropean Communities (12) 2
Direct investment position
1983
875(D)002
(*)C)3
(*)0
("o>00
32412-2
2-1(*)74200
22011
(D)_<j9
-7116
0186570
6916
(*)
(')(D)(*)0
4,039
1984
1,353(°)000
(*)(*)3
(*)0
C)C)
00
65916151
-1I
126200
2201
(D)-8177
1210
208-81
0701
18C)1
(*)(D)(*)
0
4,892
1985
1,6542
(D)
00
(*)(*)
4(')
0(*)
000
64019491
-13
361200
16011
(D)8
158
1180
242-101
(*)107
113(*)(•*)(*)(D)(')0
4,607
1986
1,823(°)(D)00
(*)(')
9<*)
0201
(*)60518371
-44
87220
39011
(D)6
1910
1130
169383
0177
114(')(*)(*)(D)(')(*)
4,787127,221
1987
1,900(D)00
(*)(*)(*)8
(*)02030
6991140
2-4
5552
(D)06011
(°)5
2012
1220
358210-3138
156(*)
0
t°!C)(D)
4,981157,710
Capital inflows (outflows (-))
1983
236(°)00
(D)00
(*)000000
8252
(*)
7
<3080
<*)(*)
?!(*)(D)140
89-1
0-11
0(')(*)
.(')
(D)00
-1
1984
449(D)00
-200
(*)(*)
00
(*)00
306
18(*)(*)
52C)
00
(*)0
(*)(*)1
(•).8
1450
23-24
010
11(*)(*)
W00
754
1985
339(D)
(D)00001
(•) '00
(«)0023
33(')(*)
233(l
0-5
0(*)(')1
(*)-2
30
34-3(*)370
-50
(D)00
-277
1986
228(D)(D)00004
'(*)0101
(*)41-1
-11
'-T-273
(*)20
230
(*)(*)<")1442
-50
73474
(*)710
-80
(*)
I-!0
(*)
29419,095
1987
128(D)(D)0
(*)00
(*)0002
' ( * ) '187-7
3(*)(*)I
-64(*)(D)0
-330
(*)(*)(D)(*)1190
189-181
-3-38
0420
-1
(D)0
(D)
21231,352
Income
1983
16100000
000000
2450
(*)(*)
-17.(*)
00
(*)0
(*)(*)
2051
1206
-320
12,(*)
~0(*)
. ( * ) •00
-9
1984
1000000
000000
58
0(*)•<n1
-64<*)
00
(*)0
(*)(*)
0101
1306
-3506
(*)10
<•)
< * ) .00
31
1985
-9(*)(*)
0000
000000
34
1?(*)(')
-2
(>^0-10
(•)(*)1051306
-530
(*)(*)10
-1
(')00
-380
1986
340
-20000
000000
83-3
7*)' ( * )-35
(*)00
-40
(*)(*)(*)031505
-170
10(*)-3
0(*)
(*)00
-3294,878
1987
-10
-10000
(•)000000
45-7
1(*)(*)
-34(*)
00
-40
(*)(*)
~03280
-1360
261
-30
(*)
-(*)00
-2117,111
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.1. See footnote 1, tables 10 and 11.2. In 1986, Portugal and Spain joined the European Communities; prior to 1986, data for Portu-
gal and Spain were included in "other Europe."
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
82 SURVEY OF CURRENT BUSINESS August 1988
Table 23.—Foreign Direct Investment in the United States: Industry Detail for Selected Items[Millions of dollars]
Line
1
23456789
10
1112131415161718192021222324
25
26272829303132333435
3637383940414243
4445464748495051
52535455
565758
5960616263646566676869
7071727374
757677787980818283848586878889
All industries
Mining . . . .Metal mining
Iron oresCopper lead zinc gold and silver oresBauxite and other aluminum oresOther metallic oresMetal mining services
CoalNonmetallic minerals, except fuels ;
Petroleum.Oil and gas extraction . . .
Crude petroleum (no refining) and natural gas
Petroleum and coal products manufacturingIntegrated petroleum refining and extractionPetroleum refining without extractionPetroleum and coal products nee
Petroleum wholesale tradeOther
Petroleum tanker operationsPipelines, petroleum and natural gas
Gasoline service stations
Manufacturing
Food and kindred productsGrain mill and bakery products
Grain mill productsBakery products ...
Beverages .. .Other . . . .
Meat productsDairy productsPreserved fruits and vegetablesOther food and kindred products . . .
Chemicals and allied productsIndustrial chemicals and syntheticsDrugsSoap, cleaners, and toilet goodsAgricultural chemicals ,Other .... .
Paints and allied products ,Chemical products, nee . . . .
Primary and fabricated metalsPrimary metal industries ,
FerrousNonferrous
Fabricated metal productsMetal cans and shipping containersCutlery, hand tools, and hardwarePlumbing fixtures and heating equipment, ex.
electric.Fabricated structural metal productsScrew machine products bolts etcMetal forgings and stampings.. ,Fabricated metal products, nee, ordnance, and
services.
MachineryMachinery, except electrical
Construction, mining, and materials handlingmachinery.
Special industry machinery...Office and computing machinesOther
Engines and turbinesFarm and garden machineryMetalworking machineryGeneral industrial machineryRefrigeration and service industry machinery.Machinery except electrical nee . .
Electric and electronic equipmentRadio, television, and communication
equipment.Electronic components and accessories . ..Other
Household appliancesElectric lighting and wiring equipmentElectrical machinery nee
Other manufacturingTextile products and apparel
Textile mill productsApparel and other textile products
Lumber, wood, furniture, and fixtures .Lumber and wood products...Furniture and fixtures
Paper and allied productsPulp, paper and board millsMiscellaneous converted paper productsPaperboard containers and boxes
Printing and publishingRubber and plastics products.. . .
Rubber productsMiscellaneous plastics products
Direct investment position
1983
137,061
1,928268(D)180
182(D)
1,281379
18,2092,3731,3691,005
14,04714,016
(D)(D)
1,202587(D)
303138(D)
47,665
7,447605120485
4,8431,999
27017916
1,534
15,76610,5022,1321,709
908515
10505
5,3224,1061,1572,9491,217
-24410
3901067
699
8,6083,4081,075
500758
1,07699
14926538935
1385,2001,803
2,3571,040
(D)13(D)
10,522369171198271130141
1,495920461115
2,127621372249
1984
164,583
3,920850140
(D)0
237CO
2,637433
25,4002,7291,739
99020,20220,174
COCO
1,930538
CO332135(D)
51,802
8,270580189391
5,4882,202
(D)178(D)
1,737
16,63110,6322,2952,328
867509
3506
5,8934,4481,6152,8321,446
-444
9
4829
68838
9,6823,8121,030
5361,1401,106
12611530240631
1265,8711,983
2,7411,147
CO26(D)
11,325412169243558390169
1,247584523140
2,501834389445
1985
184,615
4,039753
CO348
0276
(D)2,871
415
28,2702,8392,163
67622,16322,142
(D)(D)
2,767501(D)
313125(D)
59,584
10,710684223461
6,1353,891
144303
(D)(D)
18,83612,8442,4281,815
989760-5765
6,9525,2961,4543,8421,656
-7646
5085
771,003
9,2343,9161,089
5121,0251,291
21870
332406
67197
5,3181,969
2,1721,177
44123
712
13,852440172269
1,170(D)(D)
1,141513467161
3,326774258517
1986
220,414
5,0801,099
(D)656
0292
CO3,480
500
29,0942,3921,849
54222,43422,376
751
3,734534
CO296115(D)
71,963
12,1471,054
258796
6,4484,645
16244334
4,006
22,95416,1963,3392,036
454929-2931
7,2825,3421,6183,7241,940
(D)82(D)
5725
1101,019
11,5474,3491,133
6401,1261,450
430-5731854369
1487,1983,544
1,0112,643
(D)26(D)
18,033747267480829575254
1,292567556169
4,9781,353
2511,103
1987
261,927
5,6191,781
CO1,308
0310(D)
3,102736
35,3952,3411,792
54930,83030,716
6054
1,418806(D)
297121(D)
91,025
16,0041,489
516974
8,9785,536
17145341
4,871
30,44220,1273,7454,267
5231,780
31,777
8,1995,3171,7273,5902,882
(*)90
128
1,0456
1771,437
15,1575,3831,125
7942,1121,352
28361
29161763
1599,7744,962
2,0332,779
(D)32(D)
21,2231,004
366638914644270
1,670723679268
4,7802,134
9441,190
Capital inflows (outflows (-))
1983
11,946
54-47
(D)-10
0COCO6734
509-230-167-63
1,3191,334
(D)(D)
-711131(D)8834(D)
3,542
798471433
5981523530
— 289
1,390876336106
468-674
97210290500113
186
11
-2-123
108-37
-129
3569
-115
1871111015
14554
177-86
(D)(*)(D)
1,149-4191529-73637
-363934
41013910435
1984
25,359
1,553214
COCO0
55-12
1,28654
7,210216272
566,2386,240
CO(D)
74511CO
-22o
CO
3,992
818191
18481319
CO
CO300
83413216158841671
637419284135218-2(*)-1
80-1
2139
869279-54
36327-30
27352117-4
-55591176
38727CO13(D)
83447
249
-49437
10986325
49720819
188
1985
19,022
-57-95
COCO0
40-156
-18
3,147424450
271,9021,909-8
1835-14
13-19
102
8,049
2,53814330
113600
1,794CO
127COCO
1,9451,973
104-371
33272
1273
1,089892
-2891,180
198-220-3
37-3
8142
357230160
-36-120
226924418333692
587-23
-562-2CO-2(D)
2,83436-44077CO(D)
61148410521
872462470
1986
34,091
962346
CO308
016(D)
54373
662-405-271
134-209-220
COCO
1,24333CO
-18-10
CO
11,865
1,33731634
281218803
8199
COCO
4,1063,2161,022
220-496
1443
141
448170208
—38278
CO18(D)
63-13112
1,695312-33
10774
164212
-127-10131
950
1,3841,057
-1,0681,394
CO2
(D)
4,27827095
174-332
(D)CO
15154898
1,844432
13419
1987
41,977
484672
CO651
018CO
-423236
6,410-119-126
77,2907,235
523
1,034272
CO16
CO
20,443
3,832436258178
2,522875
7107
851
8,5675,007
4062,231
70852
4848
9592098
—78939
(D)8
CO
4711
66418
3,5941,001-28
164987
-122-147
-4-35
72-20
122,5931,433
1,025134(D)6
(D)
3,491247
90157775918
35514912284
-109896735161
Income
1983
5,598
-42-45
CO-41
05
CO21
1,657-270-158-1132,1012,114-12
C)24469CO5619CO
819
553531637
35814230132
97
51530143
159-214-317
-321-388-279— 109
66-1
53
252
(')37
40-166-102
-2536
-75-3
-17-53
6_1-7206170
7437CO(D)
-88
32196
149
-11014
-25336
1911728
-10
1984
9,229
-143-31
CO-54
015CO
-13825
2,788-211-119
912,6572,670-15
2242100138223
2,444
726381424
42126726184
220
81957078
201-23
8-6-2
-18-109-117
891-2
3-3
21-3
173
31840-8
2443
-5-5
413-5
1278189
827
(D)CO61
600551837-3
-107
159706227
130432815
1985
6,079
-501-209-32
-1890
14-1
-33139
2,15350
-34-16
1,9571,964-8
1146100148132
200
441541934
3807
-171931
488336131101927
-408-496-305-190
88-2
3- ' -,-3;
30-3
558
-836-206-102
-25-44-35-28-19-2
-1135
-10-630
92
-721-2(D)(D)71
515361225
-17-16-2825
6116
2083
11-8
1986
5,379
-14027CO370
19CO
-22759
302-462-343-118
515517-5
3159903
7980
75
79796COCO
434266-333
4232
518176257563
265
21
31-98-74-24129-2
38
44-1
274
-2,257-288-79
-14-42
-154-30-36-53-2-5
-28-1,968
CO
(D)13(D)CO
-84
987622834
-11-20
10131197140
227881970
1987
10,504
15088CO650
15CO1547
2,45636
-42,2682,242
COCO69
117CO6717CO
4,515
878102
COCO
488288
2292
254
1,9641,023
4763365872
666
25987
-99186171_ i
6r 4
931
-270
-330-130-149
30172
-183(D)
-39-31
41CO9
-20058
-31657(D)CO
-92
1,7441445489917516
213467690
18318939
150
See footnote at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 83
Table 23.—Foreign Direct Investment in the United States: Industry Detail for Selected Items—Continued[Millions of dollars]
Line
90919293949596979899
100101102103104105
106107108109110111
112113
114115116117118119120121122
123124125
126
127128129130
131132133134
135136137
138139140141
142143144145146147148149150151152153154155156157158159160161162
163164
165
166167168
169170171172173174175176
Other manufacturing — continuedStone, clay, and glass products...
Glass products . .Stone, clay, concrete, gypsum etc . . . .
Transportation equipment . . . . .Motor vehicles and equipment ... .Other transportation equipment nee . .
Instruments and related productsScientific and measuring instrumentsOptical and opthalmic goods . ..Medical instruments and suppliesPhotographic equipment and suppliesWatches, clocks and watchcases
OtherTobacco manufacturesLeather and leather productsMiscellaneous manufacturing industries
Wholesale tradeMotor vehicles and equipmentMetals and minerals except petroleumOther durable goods
Lumber and other construction materialsFarm and garden machinery, equipment, and
supplies.Electrical goodsHardware, plumbing, and heating equipment and
supplies.Machinery equipment, and supplies nee .Durable goods nee
Farm product raw materialsOther nondurable goods
Paper and paper productsDrugs proprietaries and sundriesApparel piece goods and notionsGroceries and related productsNondurable goods nee
Retail tradeFood stores and eating and drinking placesRetail trade, nee
Banking
Finance, except bankingFranchising, business — selling or licensing .. ..Holding companiesOther finance
InsuranceLife insuranceAccident and health insuranceOther insurance .. .
Real estateLessors of agricultural and forestry real estate
• Real estate, ne<£ . . ... ... ...
Other industries... .Agriculture
Agricultural production — crops ... .Agricultural production — livestock, ex. beef cattle
fdlt.Agricultural production— beef cattle feedlots ....Agricultural services
Forestry and fishingForestry .Fishing, hunting and trapping
ConstructionTransportation
RailroadsWater transportationTransportation by airPipelines, except petroleum and natural gasTravel agentsTransportation and related services , nee
Communication and public utilitiesCommunicationElectric, gas, and sanitary services .. .
ServicesHotels and other lodging placesBusiness services
AdvertisingResearch and development, and commercial
testing labs.Management, consulting, and public relationsEquipment rental and leasing, exc. autos &
computers.Employment agencies and temporary help
supply.Computer and data processing services . .Business services nee . .
Motion pictures, including television tape andfilm.
Engineering, architectural, and surveying servicesOther services
Accounting, auditing, and bookkeeping services-Automotive rental and leasing, without drivers..Health servicesLegal servicesEducational servicesServices, nee, provided on a commercial basis
Direct investment position
1983
2,498232
2,2671,6561,328
328888251(°)
173179(D)
5971
122475
21,0317,0453,3506,784
264117
2,10578
2,7021,5191,0412,812
161244219
1,0461,142
5,4822,1063,376
8,697
2,269(D)
2,213(D)
8,6654,007
(°)(°)
14,636506
14,130
8,4781,010
750188
765
138132
63,6761,255
574157122
1-540631728433
2,082520829
(D)75
21493
(D)
131244104
121509
(D)0
(D)00
371
1984
2,648285
2,3631,8801,302
578726168(D)
208168(D)
5172
(D)(D)
24,4558,8273,4788,273
360141
2,76697
3,1961,714
8872,990
9523190
1,1241,450
6,7642,7743,990
10,326
5,633(D)
3,687(D)
8,9224,878
(°)(D)
17,761521
17,239
9,599999696239
559
151144
74,3371,226
631163131
122
322407
(D)(°)
2,479541
1,170(D)76
375139
(D)
242245
1
169599(°)0
(D)00
400
1985
3,275(D)(D)
2,1421,537
6051,049
191245312192109535
0208326
29,05111,0433,4919,431
601103
3,219120
3,1912,1981,0494,036
191298191
1,1822,174
6,8222,8863,937
11,377
4,24655
3,793398
11,8067,260
(D)(°)
19,402493
18,909
10,019952647266
(D)(°)
154145
94,0371,459
666190153
112
43747538391
2,943629
1,204(°)83
354135
(°)
25730484
200827
(D)13(D)
00
584
1986
3,347293
3,0542,3581,899
4591,981
354287702494144
1,1470
(D)(°)
33,99712,3493,583
11,705747204
4,243130
3,7142,6661,3575,003
342492124
2,1901,855
8,9233,6195,304
12,394
7,239(D)
3,560(D)
15,3459,363
(D)(D)
22,512474
22,038
13,8681,068
664320
4738
18216913
3,6021,797
632386191
115
57249539798
6,7241,0822,591
602134
484413
43
386528(D)
(D)1,801
(D)(D)
25000
1,516
1987
3,950311
3,6402,4981,919
5792,909
355345
1,027(D)(D)
1,3640
(D)(D)
37,58012,9573,167
13,188852210
4,524137
4,5872,8771,6106,659
587458176
2,5702,869
9,5463,9115,635
13,848
7,982(D)
4,417(D)
15,9519,220
(D)(D)
24,478446
24,032
20,5021,320
781364
13342
25418668
3,5902,360
624410624
235
665582467115
12,3963,1784,910
717(D)
566476
CO
3531,177
(D)
(D)3,025
(D)(D)
28000
2,709
Capital inflows (outflows (-))
1983
179-15194112300
-188195120
<°)11330(D)52
8(D)
2,2941,144-130
80712
-10
39514
37620
23124128(*)17
341146
25371
182
909
187(")
407(°)
80066(")(D)
2,93317
2,916
465509
26
(D)(D)38371
1812132(D)(D)
(*)2548(°)(D)
19145
120O5)12
8-9
(D)
5438
-72
-35134
10
8200
52
1984
1133182
108999
-9-92
(°)34
-11(D)
-69
(4(D)
2,9401,803-42
1,3854624
65620
488151
-179-25-66-9
-14354
139
1,185629556
1,729
2,570(D)
583(D)
609896(D)(D)
2,66719
2,648
902-9
-5051
-2-814122
551-51-11
169
C)-28-37
48(D)(°)
350-16408(°)
24346
(D)
106-11
-200
23135(D)0
(D)00
61
1985
662(D)(D)
29623561
32321(D)
10124(D)
-89
(D)'<")
3,8822,218-2241,141
237-40
47722
154301785689668
101104200
-2172
-94
1,445
-1,530(")
-162(D)
2,2501,229
261759
1,574-27
1,601
285-29-31
27
(D)
121
334189352318
2489
-34(°)(D)
49039
103-17
3
-2-6
-3
705883
26240
(D)(D)3100
196
1986
-45(D)(D)
217362
-1451,222
47242
37030334
5210
(D)(D)
4,6791,215
472,303
14695
97611
447628257857119104
-671,002-301
1,759663
1,096
1,757
1,896(D)
441(°)
3,7022,653
(D)(D)
3,099-27
3,127
3,7101112638
(°)(D)28244
-402370-3522838(1i
135140134
73,461
4211,154
(D)50
102278
(D)
122255855
47985(D)(D)(D)00
943
1987
57918
561336217120896
158
290(D)(D)
2130
(D)(D)
3,549573771
1,444109
3
28110
843198267
2,035244-34
43380
1,403
539144395
858
730(°)
813(D)
569-163
(°)(D)
1,714-27
1,741
6,6822339844
874
7217553
539-823
433
2170877017
5,7472,0922,393
(D)31
7864
(D)
43649(D)
(D)1,225
(D)(D)2900
1,193
Income
1983
30-535
-197-207
9-85-22
(D)
18-18
(D)34(*)1122
1,1381,012-221
102-9
1
1684
-1377627
2183
518
6294
45552
403
831
146
~9651
587282(D)(")
343-10353
-335-108-81-16
—2-10
1(')
-86-50-10
5-5
-27-65-62-2
-272
-2(*)
2
-32
-3
4-3
-12
-352010500
14
1984
14722
1251716(*)87102219
30-34
1-4
-31
2,6371,724
92674
3-2
3329
133198-55203
1037
-2260
119
831399432
754
68-2
862
-613-187
(°)(D)
740-8748
-277-97-87
2
-2-11
1
j7
14-28
11(*)-818
-73-67-7
9(°)3
<*>
-202
(*)
192
(D)
939
01400
24
1985
25144
207-145-163
18124
136291345
-271
__ i-27
2,4122,060
1-59935
-11110
24168
-58297
2701278
135
24966
182
1,379
-502
-6311
892567(D)(°)
29-17
46
-684-44-49
7
-1-1-2-3
1-505
338
122
(',>5
-83-75-8
-83-8
-9416
-1102
-3
30-19
11
-182510
1300
11
1986
44220
422-201-115-861101432311716
1380
(D)(D)
1,4911,377
81232411
-498
1102077
-941685
-50102247
818284534
1,448
743
2546
1,6981,049
(D)(D)
73-23
97
-46167
-7
-1-5-1-4
2-529
21-34
15-5(*)
38-26-20-681
130-50
383
-106-10
3
165
-35
-15511
-31700
35
1987
4758
46714110337
2162261
1071413930
(D)(D)
2,093714106965327
-11815
121-3140
1,03736
1087
151734
568226342
74
57-4274
-213
916345
(D)(D)
-81-27-55
-245348
-3-6
211
-313919
4910(*)
221
-22-25
2-5
-11-110
33-10
-103-5
7
-387
-61
1175
2-22200
154
* Less than $500,000 (±).D Suppressed to avoid disclosure of data of individual companies.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
By JOHN C. MUSGRAVEFixed Reproducible Tangible Wealth in the United States, 1984-87
ESTIMATES of fixed reproducible tangible wealth in the UnitedStates for 1984-87 are shown in tables 1-20. They incorporate the revisednational income and product account estimates for 1985-87 that ap-peared in the July 1988 SURVEY OF CURRENT BUSINESS. Estimates of fixedprivate, capital, by industry, are shown in tables 1-4; fixed nonresidentialprivate capital, in tables 5-8; residential capital, in tables 9-12; govern-ment-owned fixed capital, in tables 13-16; and durable goods owned byconsumers, in tables 17-20. Estimates for the wealth series for yearsthrough 1983 are unrevised and appeared in the following issues of theSURVEY: For 1925-82, January 1986; for 1983, August 1987.
Table 1.—Current-Cost Gross Stock of Fixed Private Capital,Nonresidential and Residential, by Industry, 1984-87 1
[Billions of dollars]
Fixed private capital
Nonresidential
Agriculture forestry and fisheriesFarmsAgricultural services forestry and fisheries
MiningMetal miningCoal miningOil and gas extractionNonmetallic minerals except fuels
ConstructionManufacturing
Durable goodsLumber and wood products . ..Furniture and fixtures . . . . . ....Stone, clay, and glass productsPrimary metal industriesFabricated metal productsMachinery except electricalElectric and electronic equipmentMotor vehicles and equipmentOther transportation equipmentInstruments and related productsMiscellaneous manufacturing industries
Nondurable goods ,. ..Food and kindred products ,Tobacco manufactures ,Textile mill productsApparel and other textile products . .Paper and allied products ......Printing and publishingChemicals and allied productsPetroleum and coal productsRubber and miscellaneous plastic productsLeather and leather products . ..
Transportation and public utilitiesTransportation
Railroad transportationLocal and interurban passenger transit ,Trucking and warehousing <Water transportationTransportation by air , .Pipelines, except natural gasTransportation services
Communication ,Telephone and telegraphRadio and television broadcasting . . .
Electric, gas, and sanitary servicesElectric servicesGas services ^Sanitary services
Wholesale trade
Retail trade . . . .
Finance, insurance, and real estate ...BankingCredit agencies other than banksSecurity and commodity brokers, and servicesInsurance carriersInsurance agents and brokers and servicesReal estateHolding and other investment companies
ServicesHotels and other lodging places . ..Personal services . .. ..Business servicesAuto repair, services, and garagesMiscellaneous repair servicesMotion picturesAmusement and recreation servicesOther services
Health servicesLegal services . . .Educational servicesOther 2
ResidentialFarmsReal estate
1984
11,565.9
6,432.9
38653548318
444634.5456
3423222
1103
1,444.07902
33.711.455.6
173.2876
1309110.2
88.256.1288144
653.8129.5
8.840613.490.648.7
179.89594333.2
1,887.4575.7249.4
9.6100.866076.138.0358
539.15101
28.9772.66014151.220.1
228.0370.8
1,031.6122.1
87.44.8
26253
7731126
529.8936259
126.990.413.010738.9
13037929026
39.5
5,133.01435
4,989.4
1985
12,105.0
67064
38363501335
448435.3469
3440223
10941,497.2
821734111.955.6
176.2917
1353119.5
91.860.0309147
675.6134.2
9.541413494.951.7
183.5983454
3.2
1,947.5586.2255.6
9.6105.065874.539.1366
552.95221308
808.46319154.8
21.7
247.7401.7
1,104.7131.6
93.75.3
31551
8233142
566.31021
26.5134.3
98.613.811 141.1
13888581002.6
40.5
5,398.51452
5,253.3
1986
12,692.9
6,993.4
378.73443344
420.135.3467
3163218
109.9
1,549.6852.6
34.412.455.9
177.2956
140.7128.1
95.864.432.815.1
697.0139.2
10.241.813.599.354.9
187.8100.0
47.03.2
2,023.6586.1248.6
9.7109.767074.640.136.4
592.4559632.9
845.06618160.1
23.0
272.8433.4
1,193.9149.1102.6
6.440853
8726170
611.6111.2
27.2147.0107.8
14.511743.1
149293211.22.7
42.1
5,699.51463
5,553.2
1987
13,511.6
7,354.4
377.53421354
420.136.0473
3152216
110.8
1,609.3886.135.113.256.3
179.699.7
146.2138.1
98.568.935.115.5
723.2145.311.042.713.8
104.559.0
193.0102.4
48.33.3
2,107.0592.0248.4
9.7112.9
68.475.440.736.4
630.4595335.1
884.7695.0165.0
24.7
298.1
471.8
1,297.0168.5110.7
7.451054
934.419.7
662.7122.028.1
160.6116.7
15.212345.3
162.4102.9
12.62.9
44.0
6,157.21510
6,006.2
A detailed statement of the methodology underlying the wealth esti-mates is available in Fixed Reproducible Tangible Wealth in the UnitedStates, 1925-85 (see inside back cover). In addition to the estimates ofgross and net stocks in constant-cost and current-cost valuations for thetypes of wealth shown in tables 1-20, this report includes correspondingestimates of gross and net stocks in historical-cost valuation and esti-mates of depreciation, discards, and average ages of gross and net stocksin all three valuations, together with the investment data used to derivethe wealth estimates.
Table 2.—Current-Cost Net Stock of Fixed Private Capital,Nonresidential and Residential, by Industry, 1984-87 1
[Billions of dollars]
Fixed private capital
Nonresidential
Agriculture, forestry, and fisheriesFarmsAgricultural services forestry and fisheries
MiningMetal miningCoal miningOil and gas extraction . .Nonmetallic minerals except fuels .. . . . .
Construction
Manufacturing .. ,Durable goods
Lumber and wood products ,Furniture and fixturesStone clay and glass productsPrimary metal industriesFabricated metal productsMachinery except electricalElectric and electronic equipmentMotor vehicles and equipmentOther transportation equipmentInstruments and related productsMiscellaneous manufacturing industries
Nondurable goodsFood and kindred productsTobacco manufacturesTextile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal productsRubber and miscellaneous plastic productsLeather and leather products
Transportation and public utilitiesTransportation
Railroad transportationLocal and interurban passenger transit.Trucking and warehousing ,Water transportationTransportation by air . ,Pipelines except natural gasTransportation services
Communication ,Telephone and telegraphRadio and television broadcasting
Electric gas and sanitary servicesElectric services . . . . . . .Gas servicesSanitary services
Wholesale trade
Retail trade . . .
Finance insurance, and real estate . .Banking.Credit agencies other than banks .Security and commodity brokers, and servicesInsurance carriersInsurance agents and brokers, and servicesReal estateHolding and other investment companies ..
ServicesHotels and other lodging placesPersonal services. . . . . .Business services.. . . . . . .Auto repair services, and garagesMiscellaneous repair servicesMotion picturesAmusement and recreation servicesOther services
Health servicesLegal servicesEducational servicesOther 2
Residential .FarmsReal estate
1984
6,938.5
3,630.2
199.91830169
237.917 1257
183.911.2
57.0
789.0434.9
16.663
26888149.278.568544831.516.97.6
354169.55.7
19.969
50327.296.354.022.617
1,047.1284.8108.5
4.154.138740.121617.7
323.13062
16.94392348.5
79.3114
141.0224.4
626.373.652.03.2
16.42.9
46978.6
307454.714075.452.27.45.7
20.477.648.75.013
226
3,308.461.9
3,246.5
1985
7,254.6
3,771.7
193.5175.7
17.8
234.817.125.4
181.311.0
56.3811.7449.0
16.665
26287.650.980.374546.633.918.17.7
362771.56.1
20.168
52.529.196.854.223.917
1,074.7286.7111.6
4.155.437638.321817.8
327.83099
17.94602368.5
79.4123
154.6
244.4672.1
79.85613.6
21.02.8
49929.7
329660.514279857.37.85.9
21.982.252.55.813
226
3,483.062.2
3,420.7
1986
7,603.5
3,917.4
186.9168.718.1
210.816.524.4
159.510.4
56.9830.2460.6
16.667
25.985.452.681.979.348.836.719.0.7.7
369.573.66.5
20.06.8
54.530.997.553.524,61.6
1,114.2284.5108.4
4.357.637.337.721.917.2
348.6329.6
19.0481.1386.581.5132
170.9
263.5
727.191.461.7
4.428.52.8
526511.8
357.166.514.587.663.28.16.2
23.187.856.86.61 5
22.9
3,686.162.0
3,624.0
1987
8,091.1
4,100.6
183.8165.018.8
202.616.424.0
152.39.9
57.8
852.9473.9
16.97.2
25.884.454.283.684.950.039.120.17.8
379.076.2
6.920.36.9
56.833.398.853.225.01.6
1,154.3284.6108.0
4.359.036.937.621.817.1
366.8346.7
20.1502.9405.3
83.4142
186.4286.7
788.6103.9
66.25.0
36.32.8
560913.5
387.473.315.095.868.78.56.6
24.594.962.47.616
23.3
3,990.563.7
3,926.8
1. Estimates are as of the end of the year. .2. Consists of social services, membership organizations, and miscellaneous professional
services.
84
1. Estimates are as of the end of the year.2. Consists of social services, membership organizations, and miscellaneous professional
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 85
Table 3.—Constant-Cost Gross Stock of Fixed Private Capital,Nonresidential and Residential, by Industry, 1984-87 1
[Billions of 1982 dollars]
Table 4.—Constant-Cost Net Stock of Fixed Private Capital,Nonresidential and Residential, by Industry, 1984-87 l
[Billions of 1982 dollars]
Fixed private capital
Nonresidential . . . .
Agriculture, forestry, and fisheriesFarmsAgricultural services forestry and fisheries
MiningMetal mining...Coal miningOil and gas extractionNbnmetallic minerals except fuels
ConstructionManufacturing
Durable goodsLumber and wood productsFurniture and fixtures.Stone clay and glass productsPrimary metal industriesFabricated metal products . . .Machinery, except electrical .Electric and electronic equipmentMotor vehicles and equipment..Other transportation equipmentInstruments and related productsMiscellaneous manufacturing industries
Nondurable goods .Food and kindred productsTobacco manufacturesTextile mill productsApparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal productsRubber and miscellaneous plastic productsLeather and leather products
Transportation and public utilitiesTransportation . . .
Railroad transportationLocal and interurban passenger transitTrucking and warehousingWater transportationTransportation by airPipelines except natural gasTransportation services
Communication .Telephone and telegraphRadio and television broadcasting
Electric, gas, and sanitary services ,Electric servicesGas services .. " •;Sanitary services ...
Wholesale tradeRetail trade
Finance, insurance, and real estateBankingCredit agencies other than banksSecurity and commodity brokers, and services ,Insurance carriersInsurance agents and brokers and servicesReal estateHolding and other investment companies
Services..Hotels and other lodging placesPersonal servicesBusiness servicesAuto repair services and garagesMiscellaneous repair servicesMotion picturesAmusement and recreation services .Other services
Health servicesLegal servicesEducational servicesOther2
Residential . ...Farms . . . . . . . .Real estate
1984
10 903 8
6 127.5
351.83217301
537 4
32.0437
4410207
103.0
1,360.2750131.110.6529
1628829
128.1103.884.3527274135
610.1120.1
8.3373125848456
168.989.040630
1,755.35462236.9
9.092.763.7726368344
476.4450.226.3
732.756721462193
220.2339 6962.1121085.95.0
27354
7046130
497.984924.1
124.085312.3104364
120.77338.427
36.2
4,776.21331
4,643.1
1985
11 254.4
6,348.3343.73128309
548932.0437
4529203
100.5
1,393.5773.330.710.9525
162.384.9
134.9112.386.055829313.5
620.1122:1
8.837112387.448.2
170.089.641830
1,795.5541.2232.2
8.893.363.971636934.5
498.0470.627.4
756.3590 2145720.4
243.23600
1,034.1138495.56.2
37956
7343163
528.990924.1
134.590512.710837.8
127.57849.430
36.7
4,906.1131.7
4,774.4
1986
11,601.6
6,544.7333.7302.431.3
541.131.5431
446.919.5
98.8
1,415.7789.930.211.1520
159.986.9
139.3118.988.259.130.713.6
625.8123.6
9.336.512.189.650.2
170.189.242.32.9
1,836.5536.2226.4
8.795.064.070736.834.5
520.5491.928.7
779.861101469218
267.1
379 31,110.7
159.2105.2
7.952457
7597206
561,896 724.2
146.196.513.111338.9
135.083.710.533
37.4
5,056.9129.6
4,927.2
1987
11,945.4
6,738.6
325.0293.231.8
530.131.0424
438.118.6
96.71,435.4
805.029.811.551.5
157.888.7
143.6125.588.961.832.313.5
630.4125.1
9.736.112.091.652.6
169.588.542.42.9
1,871.5529.7220.6
8.596.063.5697368346
540.3510.629.7
801.562971485233
291.74003
1,191.8183.4114.4
9.869658
7836251
596.1102424.4
158.2102813.511740.0
143.189611.837
38.1
5,206.8128.0
5,078.9
1. Estimates are as of the end of the year.2. Consists of social services, membership organizations, and miscellaneous professional
services.
Fixed private capital
Nonresidential
Agriculture forestry and fisheriesFarmsAgricultural services, forestry, and fisheries
MiningMetal miningCoal mining .Oil and gas extractionNonmetallic minerals, except fuels
Construction ,Manufacturing
Durable goodsLumber and wood productsFurniture and fixtures . ..Stone, clay, and glass products ..Primary metal industriesFabricated metal productsMachinery, except electricalElectric and electronic equipmentMotor vehicles and equipmentOther transportation equipment . . .Instruments and related productsMiscellaneous manufacturing industries
Nondurable goodsFood and kindred productsTobacco manufacturesTextile mill products .Apparel and other textile productsPaper and allied productsPrinting and publishingChemicals and allied productsPetroleum and coal productsRubber and miscellaneous plastic productsLeather and leather products
Transportation and public utilities ....Transportation
Railroad transportationLocal and interurban passenger transitTrucking and warehousingWater transportationTransportation by airPipelines, except natural gas ;.Transportation services
CommunicationTelephone and telegraphRadio and television broadcasting .
Electric, gas, and sanitary servicesElectric servicesGas servicesSanitary services
Wholesale tradeRetail trade
Finance, insurance, and real estate .BankingCredit agencies other than banksSecurity and commodity brokers, and services ... .Insurance carriersInsurance agents and brokers, and services ......Real estateHolding and other investment companies
ServicesHotels and other lodging placesPersonal servicesBusiness servicesAuto repair, services, and garagesMiscellaneous repair servicesMotion picturesAmusement and recreation servicesOther services
Health servicesLegal services.Educational servicesOther 2
ResidentialFarms .Real estate
1984
6,534.6
3 456 2
181 8165.716.0
288.7159245
237910.553.0
744 2413415358
25683.046.676.864542829.716.17.2
330764453
1836.4
47.225.690350321.21.6
971.6270 3103 1
3849837.438.320.917.1
28542700153
415.9328.2767110
136.7
205.4585.473751433
1753.0
427789
289449712974049.3695.5
19 172045.1471.4
207
30784573
3021 1
1985
6,741.0
3 5765
173 1156.816.4
289.015.523.5
240.09.9
51.5
758 042451495.9
25.080.947.380.370343.731.817.37.1
33356515.6
18.06.3
48.527.389649.622.01.5
990.82652101 4
3.849.336.536.820.616.8
29562796160
43003436748117
152 92189633.585758043
2633.0
4447114
308 953.913080552.6725.8
20175848.0551.6
206
3,1644565
3,108.0
1986
6,939.6
3,670.4
164.3147.816.5
273.014.722.4
226.79.2
50.9
761.1428814.56.0
24.477.247.981.373.745.033.817.96.9
332.365.45.9
17.56.1
49.328.488347922.21.5
1,010.626049873.8
50035.735.720.216.4
30662900166
443.6356.3748126
1683
230.5682.799964256
37.83.1
4576146
329 158.013087556.6736.1
20979751.0641.9
205
3,269.255.0
3,214.2
1987
7,131.7
3,759.7
157.6140.716.9
256.814.121.3
212.98.5
50.1
763343241446.3
23.974.348.482.277145.235.318.66.8
33086566.1
17.26.0
49.929.986746122.0
1.41,024.4
254795838
50234.334.619.716.3
31462976170
45513664751136
1829243.1732.2115969268
5043.1
4693175
349361.613094560.6756.4
21684154.3722.1
204
3,372.0540
3,318.0
1. Estimates are as of the end of the year.2. Consists of social services, membership organizations, and miscellaneous professional
services.
Data AvailabilityAnnual estimates through 1987 of gross and net stocks, depreciation, and discards in his-
torical-cost, constant-cost, and current-cost valuations for the types of wealth shown intables 1-20, together with the investment data used to derive the wealth estimates, areavailable on computer tape. To order the tape, write to Economic and Statistical Analysis/BEA, U.S. Department of Commerce, Citizens and Southern National Bank, 222 MitchellStreet, P.O. Box 100606, Atlanta, GA 30384, specifying BEA Wealth Data Tape (AccessionNo. BEA NIW 87-001) and include a check or money order for $200.00, payable to "Econom-ic and Statistical Analysis/BEA."
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
86 SURVEY OF CURRENT BUSINESS August 1988
Table 5.—Current-Cost Gross Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization, 1984-87[Billions of dollars]
Yearend
1984198519861987
Total
Equip-mentand
struc-tures
6,432.96,706.46,993.47,354.4
Equip-ment
3,153.23,286.63,446.83,607.0
Struc-tures
3,279.73,419.83,546.63,747.4
By major industry group
Farms
Equip-mentand
struc-tures
354.8350.1344.3342.1
Equip-ment
186.8178.5168.8160.0
Struc-tures
168.0171.6175.4182.0
Manufacturing
Equip-mentand
struc-tures
1,444.01,497.21,549.61,609.3
Equip-ment
962.2997.8
1,032.41,066.1
Struc-tures
481.8499.5517.2543.2
Nonfarmnonmanufacturing
Equip-mentand
struc-tures
4,634.24,859.15,099.65,403.0
Equip-ment
2,004.22,110.42,245.62,380.9
Struc-tures
2,630.02,748.72,853.93,022.2
By legal form of organization
Corporate
Total
Equip-mentand
struc-tures
4,899.45,121.75,360.55,649.7
Equip-ment
2,633.62,763.92,922.03,079.0
Struc-tures
2,265.72,357.82,438.52,570.7
Nonfinancial
Equip-mentand
struc-tures
4,658.04,858.95,060.85,311.4
Equip-ment
2,484.42,601.92,733.42,865.1
Struc-tures
2,173.62,257.02,327.42,446.3
Noncorporate
Equip-mentand
struc-tures
1,533.51,584.71,632.91,704.7
Equip-ment
519.5522.8524.9527.9
Struc-tures
1,014.01,062.01,108.11,176.8
Table 6.—Current-Cost Net Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization, 1984-87[Billions of dollars]
1984198519861987
3,630.23,771.73,917.44,100.6
1,728.41,796.51,880.01,963.5
1,901.81,975.12,037.42,137.0
183.0175.71687165.0
86.679.472.567.6
96.596396.3974
789.0811.7830.2852.9
526.3541.9554.6567.7
262.8269.8275.6285.1
2,658.12,784.32,918.53,082.6
1,115.61,175.21,252.91,328.2
1,542.51,609.11,665.61,754.5
2,760.52,880.93,007.23,155.8
1,462.41,532.61,618.01,700.7
1,298.11,348.31,389.21,455.1
2,614.92,720.02,820.82,944.1
1,368.81,429.91,497.31,564.1
1,246.01,290.11,323.51,379.9
869.6890.7910.2944.8
266.0263.9262.0262.8
603.6626.8648.2682.0
Table 7.—Constant-Cost Gross Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization, 1984-87[Billions of 1982 dollars]
1984198519861987
6,127.56,348 36,544.76,738.6
3,023.73,153.63,281.73,416.0
3,103.93,194 73,263.033225
3217312830242932
1708162215241441
1509150615001491
13602139351415714354
9272954997369904
4330438644214450
44456464204826650100
19256203652,155 722815
2,520.02,605.52,671 027285
46987489565074252501
25334266352,794 429299
21653223212279823203
445884,617 04748948725
237632 473.42564126540
2 082.5214362184822184
1,428 81,452 71470514885
490.3490.1487.24862
938.6962.6983 3
1,002.3
Table 8.—Constant-Cost Net Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization, 1984-87[Billions of 1982 dollars]
1984198519861987
3,456 23,576.53,670.43,759 7
1,662.61,737.51,806.81,879 0
17936183901863718807
1657156814781407
791722655609
867845823798
74427580761 17633
5080521 152555297
236123692356233 6
2 5463266182*761 62 855 7
107551 1442121571 2884
1470815176154581 567 3
26457276072852929388
1 411 014888156211 6356
1234712719129081 3033
24993258592645 126963
1311413652141041 454 6
11879122071234712417
8105815981758209
2516248724472435
5589567257295774
Table 9.—Current-Cost Gross Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group, 1984-87[Billions of dollars]
Yearend
19841985 .19861987
Total
5,239.55,510.25,816.96,283.4
By type of owner and legal form of organization
Private
Total
5,133.05,398.55,699.56,157.2
Corporate
Total
77.880.783.087.8
Nonfinancial
77.880.783.087.8
Noncorporate
5,055.25,317.85,616.56,069.5
Government
Total
106.5111.7117.4126.1
Federal
35.037.440.544.5
State andlocal
71.574.376.981.6
By tenure group l
Owner-occupied
Farm
134.3135.9136.9141.4
Nonfarm
3,469.03,644.33,879.14,214.3
Tenant-occupied
Farm
19.920.020.120.7
Nonfarm
1,581.31,674.21,744.11,868.2
Table 10.—Current-Cost Net Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group, 1984-87[Billions of dollars]
1984. . .. .198519861987
3,377 43,55483,761.14,070.4
3308434830368613,990.5
449465477504
44946547750.4
326343,436 43,638.33,940.1
69171875179.9
22.924.526.829.5
46.247.348.350.4
58.558.858.760.3
2,316.32,436.42,602.42,836.0
7.27.17.17.2
978.51,035.41,075.91,149.2
Table 11.—Constant-Cost Gross Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group, 1984-87[Billions of 1982 dollars]
1984198519861987
4,875.55,007 55,160 95,313 0
47762490615056952068
726736739744
726736739744
4,703.64 832.54983051324
993101410401062
32.734.0359375
66.667.468.2687
1245123212131198
3,225.73,309.83,438.53,560.9
18.618.217.917.5
1,474.11,523.81,550.81,582.2
Table 12.—Constant-Cost Net Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group, 1984-87[Billions of 1982 dollars]
1984198519861987.... . .
3,142.83,229.73335734393
3,078.43,164.43269233720
419424424427
41.9424424427
3,036.53,122.13 22673 3294
64.465.2665673
21.322.2237248
43.043.0428425
54.253.452051 1
2,154.22,212.42306123943
6.76.56361
911.9942.0956.19727
1. Excludes stocks of other nonfarm residential capital, which consists of dormitories, fraternity and sorority houses, nurses' homes, etc.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 87
Table 13.—Current-Cost Gross Stock of Government-Owned Fixed Capital, 1984-87[Billions of dollars]
Yearend
198419851986 ...1987
Total
Total
Equip-mentand
struc-tures
3,561.33,847.93,965.44,143.2
Equip-ment
739.5795.9840.6878.9
Struc-tures
2,821.83,052.13,124.73,264.3
Excluding military
Equip-mentand
struc-tures
2,853.03,064.13,142.03,289.4
Equip-ment
225.3236.1250.1265.0
Struc-tures
2,627.72,828.02,891.93,024.4
Federal
Total
Equip-mentand
struc-tures
1,161.71,257.21,307.51,359.5
Equip-ment
595.4641.6673.7701.0
Struc-tures
566.2615.6633.8658.5
Excluding military
Equip-mentand
struc-tures
453.4473.3484.2505.7
Equip-ment
81.381.883.287.1
Struc-tures
372.1391.5401.0418.6
Military
Equip-mentand
struc-tures
708.3783.9823.3853.8
Equip-ment
514.1559.8590.5613.9
Struc-tures
194.1224.1232.8239.9
State and local
Equip-mentand
struc-tures
2,399.62,590.82,657.82,783.7
Equip-ment
144.0154.3166.9177.9
Struc-tures
2,255.62,436.52,490.92,605.8
Table 14.—Current-Cost Net Stock of Government-Owned Fixed Capital, 1984-87[Billions of dollars]
1984198519861987
2,100.42,259.52,321 524232
4075445547675053
1,692.91,814 01844719180
1,724.8184271880719614
1177127013731485
1,607.1171571743418129
633.3688771997553
331.2362238464051
302.1326.533533502
257.7271.9279.12934
41.443.7452483
216.3228.2233.9245.1
375.6416.7440.8461.8
289.8318.4339.5356.8
85.898.3
101.4105.0
1,467.11,570.81,601.61,668.0
76.383.392.1
100.2
1,390.81,487.51,509.51,567.8
Table 15.—Constant-Cost Gross Stock of Government-Owned Fixed Capital, 1984-87[Billions of 1982 dollars]
1984198519861987
3,347.83,422 53,501 535937
689.0725.176438165
2,658.82,697 42,737 227772
2,682 0272702772728244
2140220422692378
2,468.02,506 62545925866
1,097.51 13261 167812156
552.1581961356570
545.4550.7554.35586
431.7437.1439.14463
77.077.176.178.3
354.7360.0363.0368.0
665.8695.5728.7769.3
475.1504.8537.4578.7
190.7190.7191.3190.6
2,250.32,289.92,333.72,378.1
136.9143.2150.8159.5
2,113.32,146.62,182.92,218.6
Table 16.—Constant-Cost Net Stock of Government-Owned Fixed Capital, 1984-87[Billions of 1982 dollars]
198419851986 .1987
1,974 2201172053121057
3805406543424706
15937160521618916351
16211163991660016851
1117118412441333
15094152151535615517
5985622864616797
3080329235103807
2905293729522990
2455251125312591
39.2410412435
206.3210.0211.92156
353.0371.839304206
268.8288.1309.7337.2
84.383.783.383.4
1,375.71,388.91,406.91,426.0
72.577.483.289.9
1,303.21,311.51,323.71,336.1
Table 17.—Current-Cost Gross Stock of Durable Goods Owned by Consumers, by Type, 1984-87[Billions of dollars]
Yearend
1984198519861987
Total
2,606.22,817.13,064.33,318.3
Motor vehicles 1
Autos
915.51,025.31,145.71,242.9
Other
170.5193.1217.3239.6
Furniture and household equipment
Furniture,includingmattresses
andbedsprings
321.4339.8356.7375.0
Kitchen andother
householdappliances 2
200.8205.7217.1223.8
China,glassware,tableware,
and utensils
105.7111.0119.0125.6
Otherdurablehouse
furnishings 3
228.3241.0251.6268.7
Radio andtelevisionreceivers,
records, andmusical
instruments
182.8192.7207.8233.3
Other
Jewelry andwatches
172.9180.0199.3228.0
Ophthalmicproducts
andorthopedicappliances
36.640.145.151.4
Books andmaps
78.183.286.990.2
Wheel goods,durable toys,
sportsequipment,boats, andpleasureaircraft
193.7205.3217.8239.8
Table 18.—Current-Cost Net Stock of Durable Goods Owned by Consumers, by Type, 1984-87[Billions of dollars]
19841985..... .19861987
1,286.01,397.71,534.81,684.1
378.9428.5487.9543.9
88.2103.2118.2131.8
172.6182.4191.9202.3
106.9110.5117.9122.7
54.858.062.866.7
120.7127.6133.8143.6
105.1113.6124.6140.5
95.699.3
110.3125.8
19.221.324.328.0
39.441.943.745.7
104.5111.4119.4133.0
Table 19.— Constant-Cost Gross Stock of Durable Goods Owned by Consumers, by Type, 1984-87[Billions of 1982 dollars]
1984198519861987
2,510.52,658.22,817.82,983.9
870.7929.8988.7
1,045.7
162.1175.0187.4201.4
302.0310.9320.8331.3
196.8205.7215.8226.7
103.8106.9110.7114.4
214.9222.1230.6239.7
202.9229.6260.8294.2
171.0179.7189.7198.8
33.535.638.341.5
67.767.968.169.0
185.0195.0207.1221.2
Table 20.— Constant-Cost Net Stock of Durable Goods Owned by Consumers, by Type, 1984-87[Billions of 1982 dollars]
1984198519861987 .
1,241.71,326.61,423.71,527.7
360.5388.9421.3457.8
83.993.5
101.9110.8
162.2166.9172.6178.7
104.8110.5117.2124.3
53.855.958.460.7
113.7117.6122.6128.1
116.7135.4156.3177.2
94.699.1
105.0109.7
17.619.020.722.6
34.234.234.235.0
99.8105.8113.5122.7
1. Includes tires, tubes, accessories, and other parts.2. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment,
stoves, air conditioners, sewing machines, vacuum cleaners, and other appliances.
3. Includes such house furnishings as floor coverings, comforters, quilts, blankets, pillows, pic-ture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipmentand hand, power, and garden tools.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TheNational Income
and Product Accountsof the United States,1929-82
STATISTICAL TABLES
This publication presents the estimates of the national income and product accounts (IMIPA's)that resulted from the comprehensive revision released in late 1985. The revision incorporateddefinitional and classificational changes, statistical changes reflecting newly available sourcedata and new estimating procedures, and updating of the base year for calculating real GNP to1982. The complete set of 130 NIPA tables, in nine parts, are included. The nine parts are:
1. National Product and Income
2. Personal Income and Outlays
3. Government Receipts and Expenditures
4. Foreign Transactions
5. Savings and Investment
6. Product, Income and Employmentby Industry
7. Fixed- Weighted Price Indexes andImplicit Price Deflators
8. Supplementary Tables
9. Seasonally Unadjusted Estimates
NIPA estimates are also available on Diskettes. For more information, write to the National Income and Wealth Division
(BE-54), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230
Mail To: Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402
Credit Card Orders Only
Enclosed is $CU money order, or charge to myDeposit Account No.
i i i i i i i i-n
MasterCard andVISA accepted.
Order No._
Total charges $Fill in the boxes below.
CreditCard No.Expiration DateMonth/Year
_ The National Income and Product Accounts of the United States, 1929-82
"'-' STATISTICAL TABLES, Stock number: 003-010-00174-7; price $23.00
Company or Personal Name
I I I I I I I I I I I M I I I I I I I I I I I I I IAdditional address/attention line
Street address
City State ZIP Code
(or Country)
PLEASE PRINT OR TYPE
Customer's Telephone No.'s
IAreaCode
AreaCode
Charge orders may be telephoned to the GPO orderdesk at (202)783-3238 from 8:00 a.m. to 4:00 p.m.eastern time, Monday-Friday (except holidays).
For Office Use Only
Quantity Charges
Publications_____ SubscriptionsSpecial Shipping ChargesInternational HandlingSpecial ChargesOPNR : . . . . '
__ UPNS...__ Balance Due
Discount 982Refund GPO eoe-a io
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CURRENT BUSINESS STATISTICS
The statistics here update series published in BUSINESS STATISTICS: 1986, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume(available from the Superintendent of Documents for $16.00, stock no. 003-010-00181-0) provides a description of each series, references to sources ofearlier figures, and historical data as follows: For all series, monthly or quarterly, 1983 through 1986, annually, 1961-86; for selected series, monthly orquarterly, 1961-86 (where available).
The sources of the series are given in BUSINESS STATISTICS: 1986; they appear in the main methodological note for each series, and are also listedalphabetically on pages 145-146. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sourcesare provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated in footnotesbelow, data through 1986 and IT .,
methodological notes are as shown in Units
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates:Total personal income bil. $ ..
Wage and salary disbursements,total do
Commodity-producing industries,total do....
Manufacturing do ....Distributive industries do....
Service industries do ...Govt. and govt. enterprises do....
Other labor income doProprietors' income: $
Farm doNonfarm do ...
Rental income of persons with capitalconsumption adjustment bil. $..
Dividends .... doPersonal interest income do....Transfer payments do....Less: Personal contributions for
social insurance do ....Total nonfarm income do
DISPOSITION OF PERSONAL INCOME t
Seasonally adjusted, at annual rates:Total personal income bil. $..Less: Personal tax and nontax
payments doEquals: Disposable personal income do ....Less: Personal outlays do
Personal consumption expenditures do....Durable goods doNondurable goods doServices ... do
Interest paid by consumers tobusiness do
Personal transfer payments toforeigners (net) do
Equals: personal saving doPersonal saving as percentage of disposable
personal income § percent-Disposable personal income in constant (1982)
dollars bil $Personal consumption expenditures in
constant (1982) dollars doDurable goods doNondurable goods do ....
Implicit price deflator for personal consumptionexpenditures index, 1982 — 100
INDUSTRIAL PRODUCTION <>Federal Reserve Board Index of Quantity Output
Not Seasonally AdjustedTotal index 1977 — 100
By industry groupings:Mining and utilities do....
Manufacturing doNondurable manufactures . doDurable manufactures do....
Seasonally AdjustedTotal index do....
By market groupings:Products total do
Final products .. .. doConsumer goods do....
3,531.1
20940
625.5473.1498.9
5759393.7196 1
3642503
12.4828
499.1521.1
161.1C3 472 5
3,531 1
51143,019.62,898 02,807.5
406 59436
14573
89 1
14
121 7
4.0
26409
2 455 23850879.5
1 1907
114 3
125 1
103.5
12911301128.4
125.1
1333132.4124.0
3,780.0
22484
649.8490.3531.7
6468420.1207 9
4302700
18.4886
527.0548.8
172.0C3 716 0
3,780 0
57033,209.7310553,012.1
421 9997 9
1 5923
92 1
13
1042
3.2
26863
2 521 03909890.5
1 239 5
119 5
1298
104.3
1347136.8133.1
129.8
138.3136.8127.8
3,747.1
22318
645.7486.2527.6
6396418.92069
3822658
17.4881
521.2548.7
171.03 6880
3747 1
566 13,181.1310833,015.2
427 71 001 41 586 2
91 7
1 4
728
2.8
2664 4
2 525 53963891.0
1 238 1
1194
1319
103.0
1374140.5135.3
129.1
137.8136.2127.2
3,778.6
22476
647.9488.2533.0
645.8421.02083
4102689
17.7890
526.95509
171.73716 8
-37786
57093,207.8312863,035.0
433 11 00201 6000
923
13
792
2.2
26822
2 537 8'4004891.7
1 2457
1196
1287
103.9
133.5138.7129.8
130.6
139.5137.9128.9
3,803.7
22690
652.9492.1537.7
655.4423.02093
336272.4
18.0900
533.0551.6
173.137492
38037
577 13,226.6316763,073.5
449 81009816139
928
13
59 0
2.3
2686 3
2 558 9414.0894.7
1 250 1
1201
1343
109.2
139.2145.0135.0
131.2
139.9138.4129.4
3,820.8
2,278 6
657.6497.4539.9
656.1425.02103
31 1273.3
18.5906
539.0552.7
173.43 768 8
38208
580 53,240.3316073,066.0
441 31 00801 616 7
93 5
13
79 6
3.0
2683 3
2 538 9405.2889.2
1 244 5
1208
1353
106.2
140.9145.8137.3
131.0
139.4137.8127.7
3,897.2
2,302.9
662.9499.8545.7
667.4426.92114
67.9277.8
19.5913
545.0556.4
175.138085
38972
58523,312.0315653,061.4
41541 006 816392
939
12
1555
3.7
2731 0
2 524 4382.0885.8
1 2566
121.3
1352
104.7
141.0143.0139.6
132.5
140.9139.3129.0
3,884.1
2,318 7
667.3502.3547.6
674.7429.22124
31.6278.6
20.591.9
550.0556.1
175.838319
3 884.1
58823,295.9316573,070.3
41961 Oil 516392
943
1.2
1302
4.3
27105
2 525 o385.6889.1
1 250 2
121.6
1327
106.9
137.5139.1136.3
133.2
141.0139.2129.4
3,939.0
2 353 5
666.3501.8548.6
706.4432.32133
41.4280.6
21.592.4
555.1557.9
176.83 877 1
3,939.0
59953,339.53,193.13,097.0
43101018816472
950
1.2
1464
4.1
2745 1
2 545 8395.2896.6
1 254 1
121.7
129.9
108.1
134.0135.0133.3
133.9
141.3139.8129.8
3,921.8
2,342.3
669.4505.2554.8
683.1435.02140
35.9278.6
20.892.8
554.4572.2
189.13,865.5
3,921.8
57813,343.73,206.93,109.8
437 1100911,663.6
959
1.2
1369
4.3
27398
2 548 i399.8887.7
1 2607
122.0
130.8
111.8
134.4134.2134.6
134.4
142.7141.1131.2
3,946.7
2,359.0
673.5507.3559.3
689.0437.12146
41.5279.0
20.593.6
554.1574.6
190.23,884.7
3,946.7
570.03,376.73,222.93,125.4
43741,011.91,676.0
96.4
1.2
153.8
4.4
2,768.0
2 562 0401.7892.1
12682
122.0
134.2
111.2
138.5138.4138.6
134.4
143.4141.6131.3
3,985.9
2,374.7
685.0516.3560.4
690.2439.0215.2
56.8279.9
20.294.0
554.1582.2
191.23,908.7
3,985.9
579.53,406.43,247.23,149.0
438.91,027.51,682.6
97.1
1.2
159.1
4.0
2,779.2
2 569 2402.0898.3
12690
122.6
134.1
106.1
139.4139.2139.5
134.7
143.6141.8131.2
r3,999.3
2,394.0
685.1514.3568.5
699.5441.0215.8
r43.6r282.8
'19.394.7
r558.8582.8
192.4r3,934.8
r3,999.3
643.5'3,355.8r3,259.3r3,160.6
r442.5rl,025.51,692.7
97.5
1.1r96.6
r4.0
r2,722.2T2 563 8
'404.9r888.0
1 271.0
123.3
133.9
103.5
139.6139.8139.4
135.4
144.1142.5131.9
'4,020.6
'2,408.5
'687.7'516.8'571.6r706.1443.0216.4
'44.1'285.2
18.995.0
'563.7582.2
193.43,955.4
'4,020.6
'579.9'3,440.7'3,284.5'3,185.3
'445.11,038.11,702.1
98.1
1.1
156.2
'3.9
'2,778.9
'2 572 6'406.8'893.5
1,272.3
123.8
135.0
101.8
141.2140.6141.6
136.1
144.9143.3132.5
'4,046.0
'2,427.4
'694.6'521.2'576.4
'711.4445.0217.4
'40.5'288.2
18.895.4
'568.7'584.1
194.6'3,984.1
'4,046.0
'579.6'3,466.4'3,321.2'3,221.4
'457.11,043.61,720.7
'98.7
1.1
145.1
4.3
2,792.5
25952416.1896.7
1,282.3
124.1
"139.5
"107.7
"145.5"146.4"144.9
"136.6
"145.4"143.9"133.0
4,071.2
2,451.9
699.9525.0584.1
720.9447.0218.5
32.4290.7
19.496.3
571.7586.3
195.94,017.6
4,071.2
584.23,487.03,337.53,237.1
457.11,047.11,732.9
99.3
1.1
149.5
135.6
V 108.4
140.8143.8138.6
137.7
146.1144.8133.4
See footnotes at end of tables.
S-l
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-2 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and 1T ..methodological notes are as shown in Umts
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION <>-Continued
Seasonally Adjusted— ContinuedBy market groupings — Continued
Final products— Continued
Durable consumer goods 1977 = 100...Automotive products do ....
Autos and trucks, consumer doAutos, consumer doTrucks consumer do
Home goods do
Nondurable consumer goods doConsumer staples do
Consumer foods andtobacco do
Nonfood staples do..
Equipment doBusiness and defense
equipment doBusiness equipment do....
Construction, mining,and farm do
Manufacturing do
Power .. doCommercial .. doTransit do ....
Defense and space equipment do....Intermediate products do....
Construction supplies doBusiness supplies do
Materials doDurable goods materials do .Nondurable goods materials do....Energy materials do
By industry groupings:Mining and utilities do
Mining doMetal mining . doCoal doOil and gas extraction # do
Crude oil doNatural gas do
Stone and earth minerals do
Utilities doElectric do
Manufacturing doNondurable manufactures do
Foods do
Tobacco products doTextile mill products doApparel products do
Printing and publishing doChemicals and products doPetroleum products doRubber and plastics products doLeather and products do
Durable manufactures doLumber and products do
Furniture and fixtures doClay, glass, and stone products doPrimary metals do
Iron and steel doNonferrous metals do
Fabricated metal products doNonelectrical machinery doElectrical machinery doTransportation equipment do
Motor vehicles and parts doInstruments do
BUSINESS SALESMfg and trade sales (unadj ) total mil $Mfg. and trade sales (seas, adj.),
total do
Manufacturing, total doDurable goods industries doNondurable goods industries do
Retail trade total $ doDurable goods stores do ..Nondurable goods stores do..
Merchant wholesalers total 1" doDurable goods establishments doNondurable goods establishments do ..
Mfg. and trade sales in constant (1982)dollars (seas, adj.), total bil $
Manufacturing doRetail trade doMerchant wholesalers do
115.6115.31129973
141 8
1158
12711339
1327135.2
1436
1481139.4
55.71140
8242174108.8
182.0136.21264144 6
113.8120.0117.5997
103 51004742
127.793.9
105.0839
123 1
10851224
129.1130.11344
97 1109 2103.1136 5
160.9132.0
92.7151.4
61.4
128.4124 1
1438118.275.163.497 2
108.0145.0165.7127.5111 51398
5 109 020
1 5 109,0201 2 273 2981 201 7041 071 594
1 1 437 497538,618898,879
1 1 392 313681 177711,136
120.2118.51151907
160 5
121 6
13061374
1363138.5
1489
153 6144.5
62.2117 9
8262265108.4
188.9143.4131 51535118.2125.0125.9998
10431007776
131.892.7
100.3855
128 2
11031266
134.7136.81378
103 51159107.4144 4
172.1140.2
93.5163.6
60.0
133.11303
152 8119.181.370.6
101 6111.0152.7172.3129.2111 81439
5 439 984
' 5 439 9841 2 408 5781 263 6011 144 977
1 1 510 579559,105951,474
1 1 520 827739 277781,550
117.4114.91079874
1460
1193
13091376
13601392
148 1
1532144.2
630117 2
84 02267105.4
188.6143.3131 51534
11721240124.1994
103099 2707
128.891.8
100.2839
128 5
1094128 8
134.0136.91377
107 0117 2107.7142 6
174.1139.3
92.3165.4
60.8
132.0131 1
153 9117.9
78.868.3985
111.1151.8170.5
126.5107 4144 5
472 078
r453 882r200 952104 888
r96 064
126 461r46,976r79,485
126 469r61 823r64,646
435019531180121 7
120.4117.51123864
1604
122 5
13211389
137 2140.6
1497
1544145.6
65.01204
8182279106.1
188.7145.013311552
118.5125.2127.6990
103799 271 4
127.991.898.6837
1307
111 2131 0
135.6138.51385
1068118 3109.7148 8
174.0140.8
94.1167.2
59.2
133.51328
156 2118.8
81.470.9
101 2111.1155.3172.5
127.61094143 8
442 139
r454 137
199 395103 03296363
127 037r47,403r79,634
127 70562 15565,550
438.2196311871232
121.2118.01124768
1784
123 6
13251392
137 4141.2
1502
1545145.6
66.41209
8282277104.7
189.1145.313251563
119.4125.5128.31009
1054100979 3
130.593.099.5849
1303
1129132 0
135.9138.81388
1104119 8108.4148 9
174.7142.3
92.9164.861.3
133.8131 1
155 2116.585.176.0
1022110.1154.3174.3128.1109 1146 3
455 932
460 047200 404104 13596 269
129 98149,61480,367
129 6626238767,275
4403195312001250
118.6114.21072791
1594
121 9
13101378
137 01386
151 2
1552146.3
6611220
81 12291105.1189.8144.913231556
1197126.4128.61002
1054101 9865
133.393.397.9849
130 0
111 2127 5
135.7138.61395
101 71182107.6147 4
174.9142.493.5
165.260.7
133.71269
155 9118.6
84.574.6
103 3111.1156.6173.4
125.510561456
473 639
464 984
205 732108 43397 299
127 81547,94879,867
131 43763 58467,853
443 1199 3117 6126 2
124.3124.31222947
173 2
124 3
13081374
137 5137.2
1530
1572148.7
66.5120 5
8302324112.5
190.3146.11333157 1
121.2128.7128.21018
1068103 6856
140.394.1
100.784 5
131 0
112 11268
137.3138.11380
103 71168108.0146 0
175.2141.5
94.6166.7
59.6
136.81298
156 0118.9
90.682.0
1069113.5158.0175.5132.011601467
477 868
464 947206 396108 25198 145
126 80846,88979,919
131 74364 26567,478
442320041164125 5
123.9121.31187919
168 5
1258
13151383
137 3139.4
1522
1566148.3
66.31206
8312321111.2
188.7147.313421584
122.5130.2129.61028
107 9104 6904
142.994.2
101.1882
134 1
113 2127 5
137.9139.61389
1065117 3109.4148 3175.7144.4
93.3169.9
60.7
136.7134 0
158 5120.5
90.279.7
1100113.6157.2175.6130.41140147 8
459 515
462 975
207 226108 37898848
127 24847,06780,181
128 5016232566,176
4385200116 51220
120.3115.41102837
159 5
1239
13331407
1392142.2
1531
1578149.8
67.41222
8422355109.1
188.9146.513381574
123.7132.0132.51017
107 3104 6965
140.694.1
100.7886
1356
111 71256
138.9141.31401
1105118 2107.8150 6
176.9147.996.1
170.657.5
137.3133 6
159 4120.1
90.681.9
107 0115.8161.0175.9
128.111021455
494 164
468,303
211 356113 02698330
128 61548,00080,615
128 33261 98366,349
44042009117 91216
121.7118.71128775
1783
124 0
13471423
1403144.3154 3
1592151.2
67.11254
8622380106.5
190.6148.113681578
1230131.8129.91014
107 81033915
140.293.199.687 2
132 1
11521303139.4141.41412
10581162108.7149 9177.5147.J96.£
170.558.3
137.913631580120.4
86.577.8
1030117.1162.9177.4
128.610971482
423 137
465 730
207 241108 94698295
128 76948,68980,080
129 7206248667,234
4420201 3117 91228
120.6117.6111879.5
171 6
1228
13531429
1408145.0
1553
1603152.4
67.61249
8832403108.2
191.0149.413771594
122.1131.4128.11006
10681015839
133.792.498.487 1
1343
11561307
139.5141.1141.9
10701153108.51480
178.7145.4
95.9172.3
59.7
138.41390
1583121.6
86.477.4
1035117.6163.6177.8128.41093149.2
450 610
470,656
208 913110,52298391
130 12149,70880,413
131 6226379567,827
447.22027119 61250
120.4120.6116486.3
1722
1202
13511425
1394145.7
1559
1608153.3
68.31270
8782399111.1
189.9149.913731607
122.5131.3130.11006
10671027849
129.194.8
100.986 1
1369
11331290
140.0141.7141.1
1072117 0108.7149 1
180.4146.4
98.4172.259.5
138.81378
1594122.585.174.2
1057118.8164.6176.6130.01130149.7
499 134
479,709
214 565113,764100 801
132 25950,48081,779
132 8856488168,004
4514204 5121 01259
123.3121.9118.091.0
1682
124 3
13511425
1383146.8
1565
161.4154.6
r70.81277
r870r2415112.3
187.9149.613761599
123.6132.7131.11010
107 11047
r869136.0r95.5
101.4854
141 2
11101276
140.8142.3140.3
10721173109.2149 2
181.8148.9
r98.5172.3
58.0
139.71380
159 2121.485.374.5
1056118.8167.2178.7
130.41148
150.5
478 569
479,526
214,794112,627102 167
131 71750,41981,298
133 0156608166,934
449.4204711991248
125.7127.1126.998.9
1789
1247
135.1142.7
1394146.1
1576
162.7156.8
r71.11286
r87.1r245.5115.2
185.6150.1138.3160.2
124.2134.9130.4100.0
10651030
84.9127.8
r95.0100.5
1424
1123129.7
141.7141.9141.4
1068114.2108.6149 5
180.1148.4
r95.0173.8'57.1
141.5139.9
1596121.5
r89.2r78.6
109.1120.0170.0179.0
133.1119.6
151.3
r490 393
r483,578r217,481114,735102 746
132 833r50,418r82,415
133 264r65 933'67,331
"125.2"126.5"125.3"99.0
"1741
"124.1
"135.8"143.4
"1402"146.8
"158.5
"163.5"158.2
"72.3"1296
"88.3"247.4"116.3
"184.3"150.6"138.2"161.1"124.7"135.0"130.4"101.6
"107.9"103.5
"126.9"96.0
"101.7
"1401
"115.2"133.7
"142.0"142.5"142.0
"115.9
^1469
"182.2"149.1
"94.2"174.8"57.6
"141.7"138.6
"1609"122.4"87.6"75.0
"111.4"120.6"171.3"179.4
"132.4"119.0"152.8
512 692
490,592
220,640116,613104 027
133 38750,72782,660
136 5656636470,201
124.8123.7120.1'93.8
125.6
136.6144.4
148.0
159.8
164.8159.7
'72.9131.8
'89.3'249.9115.9
185.0150.8137.8
126.2136.7131.7102.8
1085104.1
132.6'95.3
115.8
143.1143.6
183.2
'94.7
142.8
'91.4
121.1173.5181.0132.3116.9154.4
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-3Unless otherwise stated in footnotes
below, data through 1986 and |T ..methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIESMfg. and trade inventories, book value
(non-LIFO basis), end of period,(unadjusted), total mil $
Mfg. and trade inventories, book value(non-LIFO basis), end of period,(seas, adj.), total mil $
Manufacturing, total .. do .Durable goods industries do....Nondurable goods industries do ....
Retail trade, total $ doDurable goods stores doNondurable goods stores do
Merchant wholesalers, total t doDurable goods establishments do....Nondurable goods establishments do ....
Mfg. and trade inventories in constant (1982)dollars, end of period(seas. adj ),total ...bil $..Manufacturing do ...Retail trade do ...Merchant wholesalers do ....
BUSINESS INVENTORY-SALES RATIOSManufacturing and trade, total ratio-
Manufacturing, total doDurable goods industries do....
Materials and supplies . do .Work in process do ..Finished goods do ....
Nondurable goods industries do ....Materials and supplies do....Work in process doFinished goods do ....
Retail trade, total $ do....Durable goods stores doNondurable goods stores do ....
Merchant wholesalers total t doDurable goods establishments do....Nondurable goods establishments do ....
Manufacturing and trade in constant (1982)dollars, total... do
Manufacturing doRetail trade doMerchant wholesalers do .
MANUFACTURERS' SHIPMENTS,INVENTORIES, AND ORDERS
Shipments (not seas, adj.), total mil. $..
Durable goods industries, total doStone, clay, and glass products do ....Primary metals do....
Blast furnaces, steel mills do....Fabricated metal products do ....Machinery, except electrical do....Electrical machinery ... doTransportation equipment do ....
Motor vehicles and parts ... do .Instruments and related products do....
Nondurable goods industries total doFood and kindred products doTobacco products doTextile mill products do
Paper and allied products doChemical and allied products doPetroleum and coal products ... doRubber and plastics products .do ....
Shipments (seas, adj ) total doBy industry group:
Durable goods industries, total # do....Stone, clay, and glass products do ....Primary metals do
Blast furnaces, steel mills do ...Fabricated metal products doMachinery, except electrical do ....Electrical machinery doTransportation equipment do
Motor vehicles and parts do....Instruments and related
products do ....
Nondurable goods industries, total #.. do....Food and kindred products do ....Tobacco products doTextile mill products doPaper and allied products do .Chemicals and allied products do....Petroleum and coal products do....Rubber and plastics products do ....
643 308
652 624
318 238207 854110 384
185 99691 08594911
152 887100 87152016
154
1 702.11
609754
1.24.4820.57
1552 131.211301.76.86
2,273,298
1 201 70456,787
101,73342,830
135 974205,804205 613314,081194 72560,860
1 071 594314 5001801654607
103 834198 348129 32072170
699 773
709 853
333 656216 753116,903
211 100107 948103 152
165 097107 99657,101
1.50
1612.00
5792.51
1.19.4619
.54
1582 191.22
1251.69.83
2,408,578
1 263 60160,977
111,45648,013
134 248212,759224 037323,403201 16363,277
1 144 977334 7741861956548
118 831214 671129 87178897
679 904
r680 518r321 817r208 835112982r200 015100 398
r99 617
158 686104 871
r53 815
657 0317218501548
1.50
1601.99
5792
r50
1.18.4619
.53
158r2 141.25
1251.70'.83
1 511 63157127
212,816
113 2385,3809,6234,198
119761955220 10528,78717 7005,724
9957828*66220605 126
102951889211 2187041
r200 952
104 888r4,954r9039r3896
11 13817 31618 704r27 29716,604
r5288r96 064r27 766
2060r4 783r9 785
17 82011,087
r6.572
680 751
684 154
323 333209 951113 382
202 210101 590100 620
158 611104 51454097
6588318918551544
151
1 622.04
589452
1.18.4619
.53
1592 141.26
1 241.68.83
1 501 631 56125
185,228
93 4124,9098,6843,789
10392164001668620,67411 4084,976
91 816273051 1444 1719772
16 57711 5985825
199 395
103 032493493364077
11 013180951880124 10814481
535496 363283821 1444862
102751800811,470
6.142
678 689
685 150
325 394210 921114 473
202 684101 569101 115
157 072103 32453748
6574319518471532
149
1 622.03
579452
1.19.4619.53
1562051.26
1211.66.80
1 491 641 54123
197,896
100 5855,0929,2394,052
11 047166261872422,921137375,150
97 311277521 4865012
1009417 76911 8626330
200 404
104 135487292824 118
1095918 10019 1332528815 828
5250
96 269279431 48648169950
1804811,7176.392
685 994
689 513
326 670211 680114 990
203 708102 394101 314
159 135103 93355202
6583320218301551
148
1 591.95
5591.49
1.18.4719.53
1.592 141.27
1211.63.81
1491 611 56123
217,014
114 0025,572
10,0054,271
11 570197332095228,22517 0765,791
103 012303321 9545255
1043519 26211 3466868
205 732
108 433509899504353
11 06118580193212766716,788
5,45897 29928 4051 9544818
1020018,20211,1586.505
707 480
697 648
328 554213 436115 118
206 577104 846101 731
162 51710673455783
663 8320318631572
150
1 591.97
559250
1 17.4619
.52
1632241.27
1 231.66.83
1 501 601 601 25
211,949
111 6855,699
10,2114,487
11 44918*54419 41328,820187495,485
100 264293841 2915 102
10 3671790311 3937 179
206 396
108 2515382
10 1134 510
1091518*54619 16327 48017*491
541898 145287131 2914*793
1040818 519113126.745
714 733
703 425
331 812215931115881
208 260106 490101 770
163 353106 50356850
666 1322 118661574
152
1 601.99
559351
1.17.4619
.52
1642261.27
1 271.71.86
1 521 611 60129
205,722
107 6255,132
10,1524,451
10928177761992827,45217 4255,389
98097286041 8744795
1007117 68711 0686827
207 226
108 3785282
106084741
11 16618 10319 37727 10717116
53759884828' 6461 8744880
104511885011 0996.826
699 773
709 853
333 656216 753116 903
211 100107 9481 03 152
165 097107 99657101
6690322618801584
152
1 581.92
549049
1.19.4619.53
1642251.28
1291.74.86
1 521 611 601 30
204,228
108 8724,552
10,2054,404
10445206152024426,979143485,597
9535628411
2 1694350
10 11218250106306212
211 356
113 0265280
11 2734794
11 460193511947129 15617050
539898330283892 1694587
106001862610,7966.869
706 576
715 027
336 815219 014117 801
209 824106 377103 447
168 388111 25957129
6738325418671617
154
1 632.01
569451
1.20.4719
.54
1632 181.29
1 301.78.85
1 521 621 58132
190,746
97 9744,4469,8034,333
102691655517 54024,547158284,903
9277227331
9204083
10 52518 53310 1746323
207 241
108 9465136
103714 501
11 26419 69219 8052571316239
5411
9829529383
9204710
10 77718883103666.795
717 849
717 882
338 552220 318118 234
208 698104 479104 219
170 632112 66157971
6755326918501636
153
1 621.99
559351
120.4719
.54
1602 101.30
1 301.77.85
1 511 611 55131
210,522
111 3774,868
10,5984,754
117231908719 42128,91018 8565,481
99 14528*8751 3694661
1096919 51799147109
208 913
110 5225179
102704 606
11 7071965219 50227 12617,199
554898391289991 3694713
1062719,10210,1236.945
r724 645
720 099
339 545220 730118 815
208 822103 631105 191
171 732113 69458038
6768326418661638
150
1 581.94
549049
1.18.4719.53
1582051.29
1291.75.85
1 50160154130
225,397
121 6685,316
11,5635,094
1240622,11521 06831,44919 8225,994
103 72930*162
19675036
11 06421 158102407521
214 565
1137645235
10 8904*838
11 85820223196752893617715
5692
100 801294921 9674692
106741992310,3047.356
730 352
723 973
340 893221 692119 201
209 550104 349105 201
173 53011481258718
677 6326718621646
151
1 591.97
559250
1.17.4619
.52
1592071.29
1 301.74.88
1 511 601 55132
215,898
114 3475,352
11,2325,017
1204919,7891895029,195190715,677
101 55129 186
13494 804
11 06320 844108197473
214 794
112 6275,101
107194750
11 86319710197192796017,612
5,877
102 16729,8551 3494896
1099020,11810,8347.302
r730 959
r729 033r343 274r223 502119772r212 341106 551105 790
173 418113666
r59 752
151
1 581.95
54r92
49
1.17.4619
.52
1602 11
1.28
1301.72'.89
r218,390
116 232r5,409
11,424r4,973
12,37719,95719 574r30,334r20 043
r5,638
102 158r29 842
r2 096r4 817
11 038r20 16310 991
r7,515r217 481
114735r5,217
11 052r4788
12 097r20 084r20 198r29 08618,708
r5,712
102 746r29,858
r2096r4844
11,05419,92110,975
r7.389
733,009
733 932
344,764224,328120,436
214 421107 479106 942
17474711271162036
150
1 561.92
5490.48
1.16.4618
.52
1.612 121.29
1281.70.88
233,872
126 0045,693
12,2115,286
13,32523,3722138631,32020,1286,318
107 868315822,0485,214
11 82421,06811,3597,901
220 640
116,6135,245
114834,908
1237720,6491991929,69118,914
5,830104,02730,58720484,872
11,25019,92411,2227,370
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-4 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and f , .,methodological notes are as shown in u Ils
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS,INVENTORIES, AND ORDERS— Continued
Shipments (seas, adj.)— Continued
By market category:Home goods and apparel mil $Consumer staples doEquipment and defense products,
except auto doAutomotive equipment doConstruction materials, supplies, and
intermediate products do ....Other materials, supplies, and
intermediate products doSupplementary series:
Household durables do ....Capital goods industries do ....
Nondefense doDefense do
Inventories, end of year or month:Book value (non-LIFO basis),
(unadjusted), total do ....Durable goods industries, total do ....Nondurable goods industries, total do....
Book value (non-LIFO basis),(seasonally adjusted), total do
By industry group:Durable goods industries,
total # doStone, clay, and glass products do....Primary metals do....
Blast furnaces, steel mills do....Fabricated metal products doMachinery, except electrical do ....Electrical machinery doTransportation equipment do
Motor vehicles andparts ... do
Instruments and relatedproducts do
By stage of fabrication:Materials and supplies do ....Work in process doFinished goods do....
Nondurable goods industries,total # do
Food and kindred products do....Tobacco products doTextile mill products doPaper and allied products do....Chemicals and allied
products do ....Petroleum and coal
products doRubber and plastics
products doBy stage of fabrication:
Materials and supplies do ....Work in process do....Finished goods do
By market category:Home goods and apparel do....Consumer staples do.Equip, and defense prod.,
exc. auto do....Automotive equipment do....Construction materials, supplies, and
intermediate products do ...Other materials, supplies, and
intermediate products do ....Supplementary series:
Household durables do....Capital goods industries do ....
Nondefense doDefense do
New orders, net (unadj.), total do..Durable goods industries, total do ....Nondurable goods industries, total do ....
New orders, net (seas, adj.), total do...,By industry group:
Durable goods industries, total do ....Primary metals ". do
Blast furnaces, steel mills do ..Nonferrous and other pri-
mary metals doFabricated metal products do ....Machinery, except electrical do....Electrical machinery do....Transportation equipment do ....
Aircraft, missiles, and parts do....
Nondurable goods industries, total... do....Industries with unfilled
orders $ doIndustries without unfilled
orders {> do....
By market category:Home goods and apparel doConsumer staples do...Equip, and defense prod., exc. auto do...Automotive equipment do...Construction materials, supplies, and
intermediate products doOther materials, supplies, and
intermediate products do ...Supplementary series:
Household durables doCapital goods industries do...
Nondefense do ...Defense do
1 153 0751 447 890
1 372 1981 217 223
'179,596
' 903 316
'71,541'428,686'321761' 106 925
313,697204,025109,672
318 238
207 8546978
17,2117,786
21 17541,5183887852786
11 090
12585
59,3719531053,173
110 38423,64555856560
10480
26,983
9 907
8586
42,98617,33850060
24,96041 127
91,99013,393
22 658
124,110
12944105,7267172134005
2,273 7811,201,5661,072,215
'2,273,781
'1,201,566' 102 155' 43 560
' 48 103'134,969' 199 601' 207,800'318,641' 104,539
'1,072,215
'270650
'801,565
' 153 1441 447 892'373,513'216,996
' 179 223
'903,013
'71714'430,1871 320,057'110 130
' 162 635' 476 050
'385413' 225 420
'192,845
'965981
'75,958'446,907'337 113' 109 794
328,816212,704116,112
333 656
216 7537162
17,5428,022
2207241,4183997558079
11 413
12710
60,494101 24655,013
11690324,77855696874
11284
27,743
10646
9220
45,72218,62852553
27,04042717
95,14913,837
24 196
130,717
13384110,83073 80437026
2 438 4301,291,2101,147,220
'2,438,430
'1,291,210'116334'51041
' 55 502'134,901'215116'226,271'339,185'115,775
'1,147,220
' 297 757
'849463
' 163 427'475982'398,587'225,541
' 193 002
'981,809
1 76 331'466,051'355,582'110469
13 767'40 115
'32 04318 683
15,771
'80 573
r6,487r37,382'27 924
r9458
322,472209 890112,582
r321 817
r208 835r6988
16 299r7,296
'21 304r40,930r39 187r54 259
11 164
12 489
r59,705r96 244'52,886
112 982r26,509
r5913r6760
10 899
r26,496
10 420
r8684
r44,21118,173r50 598
r25 667'42 457
r92,30913,537
r23 177
124,670
13 157106 820
r71 874r34 946214 098114 35699,742
r205,109
108,860r9931r4 514
'4 67011,53717 49219 691'28,563
r9,297
'96,249
'24 844
r71 405
13 678r40 117r34 09518,719
15793
r82,707
r6424r40,007r30 057'9 950
13 51839 604
3251616493
16,117
81 147
6,16437,012281068906
324,070210,939113,131
323,333
209,9517,020
16,2297,296
2140240,8243927755,092
11 160
12511
59,4179690453,630
11338224,17059366796
10923
26,862
10546
8803
44,39418,03450954
25,85342 135
92,63213,566
23 398
125,749
13263107,58171 98235599
191 04098,60092,440
206,065
109,21397184380
4 54211,261188641942127,97012,132
96,852
25596
71,256
136683959536,01916,410
16 209
84,164
6 22541,905319829 923
1368340044
3234917 806
15,732
81 314
6,37637,289284948795
326,648212 106114,542
325 394
210 9217,055
16,4667,407
21 50140,8793938455582
10961
12561
59,32897 70653,887
114 47324*09159036957
11 021
26,847
11 031
9 104
44,6031838651 485
2582542 136
93,32613,458
23459
127,191
13 137108 3807231536065
198 583101 16397,420
203,391
106,67894614 159
447511,014184121923427,087
9,404
96,713
24 995
71 718
13 7343973933 87317,763
15828
82,454
6 39839,06129 5409 521
1379540602
33 53118851
16,115
82838
6,40739,233297099524
325,852211,586114,266
326,670
211 6807029
16,6677,514
21 74740,5123957955987
11 324
12675
59,5549862353,503
114 99024,64557446896
11 052
26,999
10769
9 069
45,2881843251 270
2612942 142
93,33913,773
23 547
127,740
13241108 07871 76736 311
216 845113 844103,001
206,719
109,345107354 697
509411,200188061999426,4938,680
97,374
24894
72480
13 83240 5873341318,856
16 023
84,008
640238,865297539 112
1373240403
3279719661
16,187
83616
6,42838,129289959134
328,414213 166115,248
328 554
213 4367096
169407,715
21 92740,9443978856790
11 267
12560
59,5879939054,459
115 11824*52256276931
10953
27166
10752
9 100
45,1091855451 455
2642142 128
94,14813698
23-689
128,470
13321109 22972 36136868
213 019112 797100,222
209 399
111,095104374278
534311,07718 95319 99928,5739,784
98,304
25627
72677
137764036533 91819,505
16 247
85588
6400404173041610 001
1367740859
3228219053
16,600
84755
6,56637,862286229 240
330,713214 613116,100
331 812
215 9317135
17,2497,849
21 97141,19140 19057889
11 459
12619
60,031100 82455,076
115 88124,69156006930
10995
27321
10 732
9 121
45,4201873651 725
2662842476
95,10813919
23 989
129,692
13 370110 67273 06337 609
209 404111 65997,745
209 626
110,949109035053
4 94511,290180242028828,6039,094
98,677
25 460
73 217
13 500408883443419,098
16 799
84907
6 36139824300859 739
1372540852
3536118927
16,817
85674
6,43340,8253073110094
328,816212,704116,112
333 656
216 7537162
175428,022
2207241,4183997558079
11 413
12710
60,494101 24655,013
116 90324,77855696874
11284
27,743
10 646
9 220
45,7221862852 553
2704042717
95,14913837
24 196
130,717
13384110 8307380437 026
208 377113 16495,213
213 822
115,62011 9975333
584011,47219 1951976231,15512,755
98,202
25 214
72988
134634089935*35318,880
17 097
88 130
6 2054292733 8799 048
1396140835
34 09718288
16,456
83604
6,71739,08330 6508433
335,081216 882118,199
336 815
219 0147136
180208415
2236141,83240 19558827
11 806
12757
60,930102 22155,863
117 80127,86456286984
11 391
28372
10298
9 576
46,2061875752838
2709942944
95,78614247
24 633
132,106
13 512111*5637446037 103
200 357107 31193,046
212 571
114,196102544308
5 19011,14220 5522071628,94610,603
98,375
26 015
72360
14 200407613625118,136
16 372
86851
6 89343 89534 7919 104
13 85140919
3456219 305
16,823
83453
6,61839,215307158500
339,758220,870118,888
338 552
220 3187 133
181888,453
2246842,1044032659018
11 669
12863
61,167103 10356,048
118 23427,98356086959
11 501
28,815
10301
9531
46,4181859453 222
2715143029
96,39514123
24734
133,120
13 540112 2997499437 305
216 702117 34399,359
212 641
114,319103774318
5 20411,758197201945230,52511,600
98,322
25 849
72473
14 17941 08737 89219,122
16 840
83 521
6 9834232033 7648 556
1364042255
3589019 909
16,718
86153
6,49741,202317059497
340,352221 463118,889
339 545
220 7307010
182028467
2228342,52340 13459501
11 536
12847
61,692102 88856,150
11881528,13956416920
11 450
28,846
10548
9 523
46,8871892853 000
2709543306
97,42013988
24 573
133,163
13 390113 1757587037 305
229 375125 609103,766
216013
115,252109364 594
r; 44^11,744202161870731,37611752
100,761
25 885
74 876
13 67542 27837 24319,848
16 627
86342
6 57742 27932 4759 804
1376642529
34,91019871
16,973
86,745
6,56839,537310698468
343,231223,423119,808
340,893
221 6927,048
18,2368,557
2247742,74240 15960049
11 504
12940
61,903103 76056,029
119 20128,50456667 003
11534
28,539
10748
9464
47,06619,04853 087
26,94243274
97,86613,950
24708
134,153
13 1841140127641437 598
219 343117 918101,425
219 326
117,26611 0984611
5 63711,9892041819 62831,40211,366
102,060
26 714
75 346
13 75942 47736 48819,946
17 102
89 554
6 5764345033 4929 958
13 883r42 974
r35 301r20 940
16,720
r87,663
'6,695'40,193r31 837
r8,356
'346,404r226,014120,390
r343,274
r223 502'7,121
18,286r8,529
r22 459r43,260r40 206r60 836
11 516
13 156
'62,387105 069'56,046
119 772r28,697
r5612r7024
11 542
r28,609
10 857
r9522
'47,32619,164r53 282
'27,130'43 172
'98,98013,999
'24 865
135,128
'13 227115 294'76 986'38 308
'216 369'114 354102,015
'217 799
115,093'11 887'5407
'5 56712,063'20 593'20 196'28,106'7,709
102,706
'26 513
'76 193
'13 792'42 949'34 61120,951
'16 657
'88 839
'6 658'39 576'31 582'7 994
1392143086
35,89521 226
16,835
89,677
6,39940,911318979014
345,523225,399120,124
344 764
224 3287042
18,2048,445
2214843,6204032561624
11 636
13129
62,791105 26056,277
120 43628,76956946967
11571
28,762
10697
9631
47,67519,09453667
26,95143470
100,06214,136
24 758
135,387
13 141116 36877 44138927
240 205132 421107,784
229 844
125,90211 4944885
5 67012,24621 5331995538*21012939
103,942
26 528
77 414
13 93043 07344 27021,131
16 819
90621
6 39650 03335 75814 97^
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-5Unless otherwise stated in footnotes
below, data through 1986 and Ir .,methodological notes are as shown in umw
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
*. July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SHIPMENTS,INVENTORIES, AND ORDERS-Continued
Unfilled orders, end of period (unadjusted),total . mil $
Durable goods industries, total do....Nondurable goods industries with
unfilled orders $ doUnfilled orders, end of period (seasonally
adjusted) total mil $By industry group:
p . ° f 1 °jo—-TJ, Sf 1""Y .'ji jNonferrous and other pri-
Fabr?atedme ted od ts d°Machinery t 1 t " e l HElectrical machinery do
Aircraft, missiles, andparts do
Nondurable goods industries with
By market category:
Consumer staoles doEquip, and defense prod., excl.
auto do
Construction materials, supplies, andintermediate products do....
Other materials, supplies, andintermediate products do
Supplementary series:
Caoital goods industries doNondefense . doDefense do
BUSINESS INCORPORATIONS @New incorporations (50 States and Dist. Col.):
Seasonally adjusted do....
INDUSTRIAL AND COMMERCIALFAILURES @
Commercial service doConstruction doManufacturing and mining doRetail trade doWholesale trade do
Liabilities (current) total mil $Commercial service doConstruction do
Retail trade .... doWholesale trade do
Failure annual rate No. per 10,000 concerns..
370 410359,536
10874
372 974
361 85517 3189 165
539518 89355 29693844
160 965
137 671
11 119
3 511770
238 7965619
10,432
113 846
3069289 918127 820162,098
702 101
61 601209667 1105699
136234 865
43 284 78,370 21 78278 955 82718020354
120.0
400 414387,145
13,269
403 496
389 8602233512 251
7 10619 55657 66496233
176 803
152 209
13 636
4410698
252 1965 735
10,593
129 864
3449309 273146 294162,979
683 686
61 23524029
6*7244939
12 1854 304
33 024 580887227864 746 4371371 336 8
102.0
385 183372,099
13,084
r385 420r372 37619 62110 867
rg 041
18 879r56 412r92 645
167 696
142 229
13 044
r4616r697
r244 256r5934
'9,987
119 930r3878
'296 815135,537161,278
61 41257,234
49372035
542367898351
2742365901690586 7118 4980
390 995377,287
13,708
391 887
378 3962002811 247
6 048190645695493421
171 590
146,017
13 491
4717690
247 5255931
10,050
122 974
3893301 517139,172162,345
58 34557,145
55182 197
616456
1 093'403
2 1427'79301103207 7180 11243
391 682377,865
13,817
394 640
380 9392020711 288
6 16819 1195726693522
173 389
147 734
13 701
4768675
249 0495888
10,146
124 114
3915303 289140,218163,071
54 22558,181
4 4191 775
531367859320
1 907 462262025132 8141 781 3
391,513377,707
13,806
395 627
381 8512099211 632
6477192585749294195
172 215
147,407
13776
4805660
248 9315893
10,054
125 284
3910302 921140,262162,659
5529756J73
43021 766
477318863289
20262495485 1
141 01443891
392,583378,819
13,764
398 630
384 69521 31611 400
7045194205789995,031
173 308
148,980
13935
4849622
250,0525737
10,114
127 256
3882305 209141,683163,526
5522655,006
52842 104
616431
1092390
3 151 656521533199 5229781 8
396,265382,853
13,412
401 030
387 26621 61111 712
6930195445782095,942
174 804
149,636
13764
4672651
252,2045782
10,313
127,408
3677307 171143,146164,025
49 11855,753
40771 684
*467323763317
1 6105454.6843
173316871281
400,414387,145
13,269
403 496
389 86022*33512251
7 106195565766496,233
176 803
152,209
13 636
4410698
252,1965735
10,593
129,864
3449309 273146,294162,979
5591253,453
44411 875
438320913296
55162544.3107 6
1382715317
626
410,025396,482
13,543
408 826
395 1102221812058
7 166194345852497,144
180 036
155,126
13716
4649624
254,3505583
10,509
133,111
3625314 085150,435163,650
5327455,610
47901 971'486346928368
4 101 8773.8975
26231867
82.8
416,205402,448
13,757
412 554
398 90722,32511770
7 515194855859297,094
183 435
158,650
13647
4977792
257,6805400
10,526
133,179
3 990317 190153,484163,706
5703057,490
47751 974
528386969343
409331,433.1
17201 1945
152.3112.0
420,183406,389
13,794
414 002
400 39522,37111 526
7731193715858596,126
185 875
161,023
13607
5012815
259,0335339
10,435
133,368
4070318 267154,254164,013
'67 757r59,698
56462441
610475
1,021390
33709894.633273597278.4
86.0
423,628409,960
13,668
418 534
405 03422,75011387
8217194975929396,035
189,317
164,059
13500
5,005763
r260,6115414
10,564
136,177
4,078322,180156,677165,503
5714454,841
48991,977
561365963383
2,892 8790.786.3
2037230.9115.4
'421,607'408,082
13,525
'418 852r405 392
r23,58512 006
r840919,463r59,802r96,033
188,337
163,362
13 460
r4,914738
r259,921r5425
10,501
137,353r4,041
r321,563156,422165,141
5920358,042
427,940414,499
13,441
428,056
414,68123,59611,983
8,42519,33260,68696,069
196,856
167,531
13,375
4,923725
268,2965,330
10,485
138,297
4,038330,685160,283170,402
COMMODITY PRICES
PRICES RECEIVED AND PAID BYFARMERS t
Prices received, all farm products 1910-14=100..Crops # do
Commercial vegetables doCotton . doFeed grains and hay doFood grains doFruit doTobacco do
Livestock and products # do....Dairy products doMeat animals doPoultry and eggs do
Prices paid:Production items doAll commodities and services, interest, taxes,
and wage rates (parity index) 1910-14—100Parity ratio § do
CONSUMER PRICES <>(U.S. Department of Labor Indexes}
Not Seasonally AdjustedALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED(CPI-W) 1982-84-100..
ALL ITEMS, ALL URBAN CONSUMERS(CPI-U) 1982-84-100Special group indexes:
All items less shelter do....All items less food do....All items less medical care do....
561461646462309300630
1 339666766817293
835
1 09651
108.6
109.6
108.0109.8108.8
578458717502269281674
1 255703765921244
850
1 11552
112.5
1136
111.6113.6112.6
593473629559285265724
1 230718728971235
112.4
113.5
111.7113.5112.5
588468660577272252724
1 233714734960235
858
1 12652
112.7
113.8
111.8113.8112.7
579442631538260258651
1 237723746965249
113.3
114.4
112.3114.5113.3
588452639548264279682
1 338731777967250
113.8
115.0
113.0115.1113.9
579458606544270296726
1 316706789931223
870
1 13251
114.1
115.3
113.2115.5114.2
601519
1 054549278310873
1 262687789885237
114.3
115.4
113.3115.7114.4
581485880542291313627
1 259681777886224
114.2
115.4
113.2115.5114.3
599496990512294319628
1 305706764935230
880
113853
114.5
115.7
113.3115.7114.6
592472644480304331615
1298718752972217
114.7
116.0
113.5116.0114.8
593477678487307325603
1,298714728966231
115.1
116.5
114.0116.6115.3
594482658502316327592
1,228711709971223
r897
1 15851
115.7
117.1
114.7117.2115.9
614508574497330343722
1,228726697994241
116.2
117.5
115.2117.6116.3
'627r550r580r517r401r378r661
1,228r707691
r947260
116.7
118.0
115.7118.1116.8
649590646512465389602
1,228710697919311
925
1,18255
117.2
118.5
116.1118.4117.2
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-6 SURVEY OF CURRENT BUSINESS August 1988
Unless otherwise stated in footnotesbelow, data through 1986 and « -
methodological notes are as shown inBUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb.__ _ Mar. Apr. May June July
COMMODITY PRICES—Continued
CONSUMER PRICES t— Continued(U.S. Department of Labor Indexes)— Continued
Not Seasonally AdjustedAll items (CPI-U)— Continued
Commodities 1982-84 - 100Nondurables do ....
Nondurables less food .... doDurables .... do
Commodities less food doServices .. .. do
Food # d o .Food at home do...
Housing doShelter # do....
Rent, residential do....Homeowners' cost 12/82=100..
Fuel and utilities #.... 1982-84=100..Fuel oil, coal, and bottled
gas ..,, doGas (piped) and electricity do....
Household furnishings and op-eration do....
Apparel and upkeep do....Transportation do
Private doNew cars doUsed cars . do
Public doMedical care ... do
Seasonally AdjustedAll items, percent change from
previous month .Commodities .... 1982-84-100Commodities less food .... doFood ....do
Food at home ....do.Apparel and upkeep do...,Transportation do
Private doNew cars .. .. do
Services ....do
PRODUCER PRICES §(U.S. Department of Labor Indexes)
Not Seasonally AdjustedAll commodities 1982—100
By stage of processing:Crude materials for further
processing doIntermediate materials, sup-
plies, etc do...,Finished goods # do....
Finished consumer goods do....Capital equipment do....
By durability of product:Durable goods do....Nondurable goods do .Total manufactures do
Durable manufactures doNondurable manufactures do....
Farm products, processed foods andfeeds ....do
Farm products .. . doFoods and feeds processed do
Industrial commodities do....Chemicals and allied products do...,Fuels and related prod., and
power doFurniture and household durables do..Hides, skins, and leather products do..Lumber and wood products do..Machinery and equipment do..Metals and metal products do..Nonmetallic mineral products do..Pulp, paper, and allied products do..Rubber and plastics products .. do..Textile products and apparel do..Transportation equip # do
Motor vehicles and equip do..
Seasonally AdjustedFinished goods, percent change from previous
monthBy stage of processing:
Crude materials for further proc-essing. 1982-100
Intermediate materials, supplies, etc do..Finished goods # do..
Finished consumer goods doFoods .... doFinished goods, exc foods ... .do
Durable do..Nondurable do
Capital equipment do
PURCHASING POWER OF THE DOLLARAs measured by:
Producer prices 1982— $1.00Consumer prices 1982-84— $1.00
1044103.5985
106610171154109.0107.31109115.8118.3119.4104.1
776105.7
105.2105.9102310121106108811701220
1002
877
99.1103.2101.4109.7
107.594.8
1017107596.0
1012929
1054100.0102.6
698108.2113.0107.2108.8103.2110.0116.101.9103.21105109.
.96
.91
1077107.51018108210431202113.5111.91142121.3123.1124.8103.0
779103.8
107.1110.61054104211461131121 11301
1028
937
101.5105.4103.6111.7
109.997.5
1044109699.2
1037955
1079102.6106.4
702109.9120.4112.8110.4107.110.121.103.105.112111.
.94
.88
1077107.4101.4108.2104.1120.1113.8112.61143120.8122.3124.2104.9
77.2108.1
107.1109.3105.4104.3114.3114.7120.2129.9
.3107.8104.4113.9112.5110.810531042114.4120.0
103.0
951
101.5105.5103.9111.4
109.398.2
1043109199.5
105.598.8
1090102.4107.1
711109.9120.2111.4110.1105.8110.121.2102.3104.8112.3111.
94.101.105.103110.100.111.94
111
.94
.88
1076107.3101.3108.4104.1120.5113.7112.11147121.3123.0124.4105.0
77.1107.6
107.2107.3106.0104.9114.7115.4120.2130.7
.3108.0104.7113.8112.1109.9105.9104.8114.8120.4
103.5
96.0
102.1106.0104.4111.6
109.798.8
10481094100.1
105.297.9
1090103.1107.0
726110.0121.0112.4110.4106.7110.1121.6102.9105.3112.2111.4
95.101.105.104.110.101.111.95
111.
.94
.87
1082108.1102.6108.3104.9121.2113.8112.11154122.2123.8125.4105.9
77.8108.7
107.3109.4106.5105.4114.4115.5121.5131.2
.4108.4105.3113.9112.1110.3106.7105.6115.0121.0
103.8
96.5
102.5105.9104.3111.7
110.099.0
1051109.7100.5
104.095.7
108.2103.7107.1
73.8110.3121.3113.7110.6107.7109.122.103.105.111.110.
96.102.106.104.109.101.111.96.
111.
.94
.87
108.9109.0104.0108.3105.7121.7114.1112.41156122.5124.4126.0105.5
77.6108.2
107.5113.3106.6105.4114.1116.0122.1131.7
.3108.8105.5114.5112.7111.3106.8105.7115.2121.2
103.7
957
102.7105.7104.2111.2
110.298.8
105 11097100.4
104.696.1
1089103.5107.5
722110.3123.0116.2110.6108.8110.0122.9103.7106.0110.108.
96.102.106.104.110.102.112.96
112.
.94
.86
109.3109.4104.6108.8106.3121.9114.3112.4115.5123.2124.8127.1103.2
78.5103.3
107.4115.4107.1106.0115.2116.2121.2132.3
g
109.1105.9114.7112.8112.7107.2106.2115.5121.7
104.1
95.3
103.1106.2104.4112.5
111.498.5
10581109100.7
104.194.9
1087104.0108.2
71.1110.5124.1116.1110.9110.8110.4123.8104.4106.4113.8114.2
96.103.106.104.109.101.112.96.
112.
.94
.86
109.5109.5104.8109.6106.7122.0114.2112.1115.5123.4124.8127.4102.4
80.3101.4
107.4115.4107.8106.8116.6116.5122.0132.8
f.109.3106.2114.8112.8113.1107.7106.6115.7122.2
104.2
94.7
103.4106.3104.5112.5
111.798.6
106.0111.1100.9
104.196.3
108.104.2108.8
70.110.7124.116.9111.0111.110.123.105.106.113.113.
94.103.106.104.110.101.112.96.
112.
.94
.86
109.3109.1103.7109.5106.0122.2114.7112.8115.6123.7125.6128.0102.0
80.5100.9
107.3112.7107.6106.5116.6116.3122.1133.1
.2109.2105.9115.3113.5112.2107.4106.4115.7122.6
104.2
94.4
103.6105.8104.0112.4
112.098.3
106.0111.4100.6
104.095.7
108.2104.2109.1
69.5110.9125.7117.1111.3112.9110.4124.2105.5107.0112.111.
94.103.105.104.108.101.111.96.
112.
.94
.86
109.2109.1102.8109.4105.5122.9115.7114.1116.2124.6126.0128.5102.4
80.8101.5
107.5110.4107.1106.0116.2116.0121.8134.4
.3109.4106.0115.6113.7112.3107.3106.3115.5123.2
104.6
93.7
104.2106.3104.5112.9
112.898.5
106.6112.2101.1
105.397.3
109.3104.4110.6
67.2111.6128.4117.8111.9114.4110.8126.6106.2107.6113.112.
93.104.106.104.110.101.112.95.
112.
.94
.86
109.1109.0102.7109.4105.4123.4115.7113.9116.6125.0126.3129.0102.8
80.9101.9
107.7110.2106.8105.7116.2116.0120.8135.5
.2109.3105.9115.3113.0112.0107.1106.1115.8123.7
104.8
94.7
104.3106.1104.1113.2
113.098.6
106.8112.4101.3
105.397.9
109.1104.6111.6
66.7111.9129.118.4112.2114.7110.127.3106.9108.113.111.
94.104.106.104.109.101.112.95.
113.
.94
.86
109.8109.8104.1109.5106.3123.8115.9113.9117.0125.6126.4129.2102.7
80.5101.7
108.3114.3106.5105.4116.0116.1121.4136.3
K
109.9106.6115.7113.̂114.2107.2106.2116.2124.2
104.9
94.1
104.7106.3104.4113.2
113.3r98.8
107.:112.6101.7
105.8'98.2
109.6104.7
112.7
65.9112.3132.6118.9112.3
115.4110.128.0107.7108.
113.111.
r94.104.106.104.'110.101.112.
r96.113.
r.94.85
110.7111.0105.6109.7107.3124.1116.6114.6117.3125.8126.6129.4102.8
80.2101.6
109.1117.0107.2106.0115.9116.6122.4136.9
4110.6107.5116.5114.5116.5107.5106.5116.2124.6
105.8
95.7
105.5106.9105.1113.6
113.899.8
107.!113.1102.6
106.599.i
110.J105.6113.8
67.5112.4134.4119.2112.6116.8111.128.7107.8108.7113.111.
95.105.106.105.110.102.112.96.
113.
.93
.85
111.1111.4106.0109.9107.6124.6117.0115.1117.7126.2126.9129.9103.5
80.0102.6
109.3116.3108.1107.0116.3117.0122.4137.5
c
lll.C107.71T7.C114.<116.5108.2107.2116.<125.0
106.5
97.1
106.2107.5105.7113.9
114.0100.8108.5113.4103.7
108.1101.'lll.<106.1114.5
68.4112.6134.6119.1112.9117.111.129.5108.7109.0113.112.
96.106.107.'105.111.102.112.97.
113.
.93
.85
111.1111.4105.5110.2107.4125.5117.6115.8118.6126.6127.3130.4105.9
79.1107.8
109.6114.6108.5107.4116.5117.6123.2138.2
.3111.?107.8117.7115.1116.1108.4107.<116.6125.5
107.4
98.2
107.4107.9106.1114.2
114.5101.9109.:113.1104.4
111.3106.'113.<106.5115.2
68.7112.'131.4119.4113.2118.0111.4130.109.3109.3114.2112.
97.107.107.106.112.102.113.̂
96.<114.
.92
.84
111.5111.9105.4110.3107.4126.1118.8117.3119.1127.4127.8131.0106.0
76.9108.1
109.8112.7108.9107.8116.5117.9123.7139.3
.4111.9108.0118.9117.3115.4108.8107.7116.6126.0
107.8
97.0
108.2108.5107.0114.2
114.8102.5109.8114.1105.4
113.0108.7115.3106.7117.3
67.6113.1129.4120.2113.2119.2111.2130.7110.2109.6113.8112.8
.5
96.6107.9108.3106.7113.2103.4113.997.7
114.3
.922
.844
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS 8-7Unless otherwise stated in footnotes
below, data through 1986 and ,, Hmethodological notes are as shown in u us
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE @New construction (unadjusted) total mil $
Private, total # doResidential do
New housing units doNonresidential buildings, except farm and
public utilities, total # mil $Industrial doCommercial do
Public utilities:Telephone and telegraph .do....
Public, total # doBuildings (excl. military) # do
Housing and redevelopment do .Industrial do
Military facilities doHighways and streets do
New construction (seasonally adjusted atannual rates), total bil $
Private, total # do ...Residential do
New housing units doNonresidential buildings, except farm and
public utilities, total # . bil $Industrial .. doCommercial do....
Public utilities:Telephone and telegraph do
Public, total # .. doBuildings (excl. military) # do..
Housing and redevelopment do....Industrial * do ....
Military facilities doHighways and streets do
CONSTRUCTION CONTRACTSConstruction contracts in 50 States (F.W. Dodge
Division, McGraw-Hill):Valuation total mil $
Index (mo. data seas, adj.) 1982=100 ..Public ownership mil. $..Private ownership do ....By type of building:
Nonresidential do ....Residential do
Non-building construction i doNew construction planning
(Engineering News-Record) § do
HOUSING STARTS AND PERMITSNew housing units started:
Unadjusted:Total (private and public) thous..
Privately owned doOne-family structures do....
Seasonally adjusted at annual rates: <>Total privately owned .. do.
One-family structures do...,New private housing units authorized by building
permits (17,000 permit-issuing places):Monthly data are seas. adj. at annual rates:
Total thousOne-family structures do....
Manufacturers' shipments of mobile homes:Unadjusted . thousSeasonally adjusted at annual
rates do ...,
CONSTRUCTION COST INDEXESDept. of Commerce composite J 1982—100Boeckh indexes:
Average, 20 cities:Apartments, hotels, office
buildings 1982—100Commercial and factory buildings doResidences do
Engineering News-Record:Building 1967 — 100Construction do...
Federal Highway Adm.— Highway construction:Composite (avg for year or qtr ) 1977 — 100
386 093314 652187 148133 192
91 1711374756761
8,44571 441
23 4561,4561 6573867
22682
248 588'•158
59,862188,726
83,721122 89641 972
288 568
1,807 11 80541,179 4
17691,078
2443
1118
11491132117 3
3673399.5
171 6
398 850323 820194 772139 915
91 9941370755445
8,5307503025 1581 5191 4574324
22757
254 673'162
65,857188,816
89,422119 91545337
267 823
1,622.71 62051,146.4
1 5351,024
2328
1143
117 3115 11197
3756410.2
1720
35938289631806912714
769011644619
73469752150
132119360
2387
3926319519351386
899138540
79730242
1.61.443
214
25703167
7,12818,575
8,89611 6125 196
22429
163216291141
15831086
1 5391,022
215
234
1148
3730408.4
1728
37 187296981860413213
789011714752
71574892316
140110415
2599
3989323319371387
926139558
827562561.71350
222
24004165
6,51517,489
8,12511 2794600
19670
152815241115
15941 142
1 510994
21 0
243
115 1
117311521197
3757410.0
38015304791883213317
837512555139
7897 5362307
130120347
2725
3983325.719311387
950143578
897262481.61.442
218
23914174
5,93817,977
8,358109194637
17 323
1438143 61007
15831 109
1 5141,014
220
234
115 1
3776413.6
38327301351840813267
852314025153
7518 1922358
139142504
2833
4054327119481400
945153565
857822531.71.760
231
22038160
5,86716,170
8,047101583832
20656
152315201091
16791211
1 501983
217
240
115 1
117911581202
3780414.8
1719
37 194299791808213005
845812695145
79272152151
127103334
2732
40083259194 51407
939140569
86749
2461.51240
244
22492164
6,25816,235
8,57310 1243795
18 713
1391139 1966
1 5381 105
1 453962
222
234
1143
3802415.1
35 1912883317 07612431
84971 2735 178
75963582056
123105423
1 988
4071331519561423
977145594
907562481.5135 i
234
17 930157
4,37713,553
6,96782292734
17 829
11891188793
1 6611 129
1 459971
170
228
1149
118 1116 11207
3796414.6
31 57926 11814 53110540
7 95212744598
83854612034
128110407
1 361
4109331619581428
95214 1558
997922651.51.349
253
17 626157
4,69812,928
6,6467 8273 153
25 375
854854612
13991035
1372957
143
227
1143
416.9
1728
2630721852126699470
676610033956
50544541787
122106348
1 001
3953321619521408
911135536
807372441.51342
248
14523145
3,91910,604
5,35466102560
28423
78278255.8
13821016
1248918
130
200
1149
118511621201
3818416.1
2577621382120238788
6813993
4012
60243941799
101104273991
39253178192 11380
905135536
8374725.31.21.23 3
253
16247'159
4,22312,024
5,3867 8463016
28 172
90.390264.0
15191,102
14291,003
152
208
1157
382.0416.4
29 13223,9501395710253
7,2051,0534,233
67251812049
130117351
1 283
4036324.319561392
937145548
807932681.61.442
270
21708154
5,56216,145
6,957108983852
31 547
129.01288
99.9
1,5291,172
1,4761,030
188
212
1161
119.611771218
383.5417.5
2018
r31 222r25,39615 03610 889
7,6161,2014,523
r542r5826r2112
123118
r3681 677
r3992r320.019171384
r945152r560
r68r792r26.5
1.51.444
r273
20510144
5,31115,199
6,438103263746
21 094
153.41532106.1
1,5841,093
1,449960
188
213
1156
384.2418.0
r34 558r27,71916 47511 760
r8,2011,318r4,891
663r6839r2301
123111356
r2 288
r402.3r322.518991375
r968158r57.4
78T79 7r27.6
1.51.343
r25 3
23 013157
6,46816,545
6,826110045182
23321
140.31402104.0
1,3931,004
1,436982
20.0
216
1162
120.01183122.3
384.4418.3
3680529,2821757112604
8,4561,4184,897
75232,447
131128386
2754
402.8324.218811372
99.216757.3
78627.51.61.546
24.9
25461165
7,75617,705
8,567118885006
148.9148.8113.2
1,4541,089
1,4931,002
21.7
230
116.4
384.0421.3
:::::::::::::::
138.3138.1101.5
1,4891,080
1,413993
120.6118.9122.9
2 384.6'421.9
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-8 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and .. ..methodological notes are as shown in unils
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE <)Mortgage applications for new home construction:
FHA applications thous. units.,Seasonally adjusted annual rates do...
Requests for VA appraisals do-Seasonally adjusted annual rates do...
Home mortgages insured or guaranteed by:Fed. Hous. Adm.: Face amount mil. $.Vet. Adm.: Face amount § do...
Federal Home Loan Banks, outstanding advancesto member institutions, end of
period mil. $.New mortgage loans of FSLIC-insured
institutions, estimated total © mil. $.By purpose of loan:
Home construction do...Home purchase do...All other purposes do...
325.5
244.6
108,645
265,513
28,825195,51341,169
165.3
193.4
57,108.02 81,880.5124,721.62 33,322.54
133,054
253,407
28,410190,748r34,247
14.216217.7189
7,566.473,424.22
114,335
27,727
2,98321,3363,412
13.815818.8212
7,341.312,978.52
115,321
23,609
2,832
10.1117
14.4168
8,901.722,819.12
116,846
20,509
2,57915,4372,494
10.111414.6180
6,179.54
120,090
20,587
2,58514,8973,104
7.810013.8182
4,816.082,182.60
124,775
20,327
2,47415,0142,840
5.8
11.0201
4,092.541,882.55
127,056
16,875
2,08212,483
2,310
6.595
190
1,511.22
21,524
2,459r!4,543'4,522
7.410810.5194
4,452.921,143.23
130,911
13,077
1,5469,3722,159
8.310113.5163
3,350.771,503.09
129,582
13,658
1,757'9,4352,466
10.810315.6154
2,926.841,381.52
129,503
18,364
2,56212,817
2,985
10212.5140
2,508.441,038.50
130,238
19,070
2,61413,787
r2,670
10.511219.9216
3,545.401,163.94
132,118
'21,226
'2,60815,929
r2,690
15.3163
3,006.041,209.49
134,832
24,791
2,74418,5643,483
8.1104
4,383.241,287.15
135,759
DOMESTIC TRADE
ADVERTISINGMagazine advertising (Leading National
Advertisers):Cost total mil $
Apparel and accessories . . doAutomotive, incl. accessories . . do
Drugs and toiletries doFoods, soft drinks, confection-
erv doBeer, wine, liquors doHoushold equip., supplies, fur-
nishings doIndustrial materials doSoaps cleansers etc doSmoking materials doAll other. do
Newspaper advertising expenditures (NewspaperAdvertising Bureau, Inc.):
Total mil $Classified do
Retail do
WHOLESALE TRADE tMerchant wholesalers sales (unadj.),
total mil $Durable goods establishments do....
Merchant wholesalers inventories, book value(non-LIFO basis),
Du able coods e t blish'ments dNondurable goods establishments do
RETAIL TRADE tAll retail stores:
Estimated sales (unadj.), total mil. $.,Durable goods stores # do
Building materials, hardware, gardensupply, and mobile home dealers mil. $..
Automotive dealers doFurniture, home furnishings,
and equipment do....Nondurable goods stores do....
General merch. group stores do....Food stores doGasoline service stations do....Apparel and accessory stores do....Eating and drinking places do....Drug and proprietary stores do....
Estimated sales (seas adj ) total doDurable goods stores # do...
Bldg. materials, hardware, garden sup-ply, and mobile home dealers* mil. $.Building materials and
supply stores do...Hardware stores do
Automotive dealers doMotor vehicle and miscellaneous
auto dealers doAuto and home supply
stores doFurniture, home furnishings,
and equipment # . doFurniture, home furnish-
ings stores do ..Household appliance, radio, and
TV stores . . .... do
2698993033376
14311
1 392 313681,177711 136
153 571100 21253359
1,437,497538 618
75,842320 336
80,347898,879165,074301 76297,27774,765
135,30851,63119635
29412106913494
15227
1 520 827739,277781 550
165 819107 25758562
1,510 579559 105
78,005326 850
84,148951,474175,885314 287103,15479,069
147,64556,00019506
2396907292
1 197
130 27564,88765 388
158 425105 70352722
128 98750834
7,37231 122
6,78978,15313,577264199,0156,115
12,8304,5931 600
126 461r46,976
'6,424
'4,808'1 125
'27753
'25 532
'2221
'6962
3,701
'2808
••'
2274911250
1 114
127 65362,58665 067
157 211105 05252 159
129,25850037
7,23430477
6,99779,22112,883276589,3775,894
13,1974,5821 705
'127 037'47,403
6,455
'4,8251 163
'27 969
'25 710
'2,259
'7117
'3,755
'2903
2494993272
1 229
126,50061,83764 663
154 651103 38251 269
131 53650627
7,08030918
7,11680,90914,555267079,3486,823
13,2904,5821 635
129 98149,614
6,496
4,9231 148
30175
27849
2,326
7146
3,708
2958
2469919309
1 241
132 11065,22666 884
158 624104 72953895
124 51547675
6,89028512
6,92976,84013,268258678,8456,403
12,2234,4681 562
127 81547,948
6,569
4,9691 177
28,465
26159
2,306
7054
3,723
2881
2658969319
1370
137,62169,00568 616
163 892107 15056742
128,29846755
7,17227 028
7,07581,54314,82626,8959,0126,748
12,6994,7331 653
126 80846,889
6,615
4,9291238
27,673
25344
2,329
6940
3,701
2,775
2828893334
1600
126,89661,09665 800
164 406106 31458092
126,89744732
6,35924,517
7,39982,16517,53325,4318,5957,132
11,9364,6401 638
127 24847,067
6,605
4,9651208
27,499
25,194
2,305
6,979
3,671
2,846
2507717240
1549
132,74762,72570 022
165 819107 25758,562
157,18953526
6,21525,618
9,729103,66328,13228,2878,817
11,11212,5746,3422314
128,61548,000
6,582
4,8441,204
28,220
25877
2,343
6,944
3,616
2849
2165845284
1036
118,75254,94463808
168 783109 66259,121
113,63941293
4,85224,942
6,57772,34610,31825,6828,3165,103
11,5184,6191 443
128 76948,689
6,558
4,8411 152
28,935
26528
2,407
7,194
3,744
2963
2173841269
1064
124,98759,32765660
171 742111 92059,822
115,10144,126
5,21427,422
6,45770,97510,66224,6938,0184,952
11,3474,6421 348
130,12149,708
6,817
5,0451,196
29,523
27,038
2,485
7,348
3,797
3,071
142,14869,18472964
173 184113 88859,296
131,58951,327
6,59032,144
7,20880,26213,74326,9688,7086,640
12,5374,9871462
132,25950,480
6,987
5,1881,240
29,895
27,401
2,494
7,513
3,892
3,155
131,78766,37865 409
174 543115 59758,946
130,88451,170
7,39831,240
7,10679,71413,81426,7628,8176,449
12,8744,8501529
131,71750,419
7,057
5,2591,285
29,569
27,112
2,457
7,655
3,941
3,224
136,044'67,242'68 802
'171 978'114 132'57,846
135,959'53,467
'8,119'32,342
'7,269'82,49214,707'27,620'9,248'6,516
13,279'4,9601598
132,833'50,418
'7,087
'5,3291,268
'29,488
'27,022
'2,466
'7,720
'3,935
'3,278
141,63970,28471 355
174 133113 62260,511
137,181'55,216
'8,018'33,569
'7,657'81,96514,355'27,821'9,372'6,371
13,522'4,9281,612
'133 387'50,727
'7,023
5,3001,268
'29,592
'27,075
2,517
'7,865
4,010
3,339
133,9961 51,867
'7,4411 31,271
'7,619'82,129' 13,352'28,882'9,513'6,180
'13,847'4,741
' 134,019'51,062
'6,896
'30,149
'27,680
'7,790
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-9Unless otherwise stated in footnotes
below, data through 1986 and IT ..methodological notes are as shown in ljnils
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
DOMESTIC TRADE—Continued
RETAIL TRADE t— ContinuedAll retail stores— Continued
Estimated sales (seas, adj.)— ContinuedNondurable goods stores mil $
General merch. group stores doDepartment stores excluding
leased departments do....Variety stores do
Food stores do....Grocery stores do....
Gasoline service stations do....Apparel and accessory stores # do....
Men's and boys' clothing andfurnishings stores do
Women's clothing, specialty stores,and furriers . . . do
Shoe stores... . . . . . doEating and drinking places . doDrug and proprietary stores do....Liquor stores do
Estimated inventories, end of period:Book value (non-LIFO basis),
(unadjusted) total mil $Durable goods stores $ do
Bldg. materials, hardware, garden sup-ply, and mobile home dealers do ..
Automotive dealers doFurniture, home furnishings,
and equipment do....Nondurable goods stores # do
General merch group stores doDepartment stores excluding
leased departments doFood stores . d oApparel and accessory
stores doBook value (non-LIFO basis),
(seas, adj.), total doDurable goods stores # do
Bldg. materials, hardware, garden sup-ply, and mobile home dealers do
Automotive dealers doFurniture, home furn.,
and equip doNondurable goods stores # do
General merch. group stores doDepartment stores excluding
leased departments..... ..do ....Food stores doApparel and accessory
stores doFirms with 11 or more stores:
Estimated sales (unadj ), total mil $Durable goods stores do
Auto and home supply stores do...Nondurable goods stores $ do
General merchandise groupstores do
Food stores doGrocery stores do
Apparel and accessory stores.. doEating places doDrug stores and proprietary
stores.... doEstimated sales(sea adj.), total* do
Auto and home supply stores.. doDepartment stores excluding
leased departments doVariety stores doGrocery stores doApparel and accessory stores... do
Women's clothing, specialty stores,and furriers do
Shoe stores doDrug stores and proprietary
stores do....
180 53089850
13 33945529
15,1999068031 280
2455920,044
14625
185 99691,085
13 99745267
152609491134405
26,87019 803
15760
534 14859 7896744
474 359
153 110171 121168 3433900234976
30030
205 138106 689
1450357740
16,8819844933401
2603220581
17471
211 100107 948
1523457312
16932103 15236742
28,48120334
18827
569 08167 6657 185
501 436
162 289179 635176 9184240537 486
32868
r79 48514 566
12,081r688
r26,391r24,865
r8,610r6,589
r761r26081 21412278r4,6581613
199 007102 192
15 35954377
15,4699681533820
2635920,363
17 035
200 424100 716
15 16252620
155479970835271
27,51520439
17800
456655510
63440 155
124901476914 55932533228
266047 239
608
11 704548
147963541
1 430745
2,737
r79 63414 495
12 134r687
r26,27124,711r8780'6,644
r761r26011220
12 242r4,6901621
199 470100 428
1505452574
15,5679904235 145
2739220211
17755
202 210101 590
14 96453384
15852100 62035796
28,06620531
17971
459135494
63940 419
11 792156631545130933365
264447 417
600
11 791554
148003 576
1 428'742
2,734
8036714788
12,309700
26,55424,9968,9456,667
760
26491233
122834,7091625
197 39096205
1511947907
15,818101 18536017
2808020,060
18881
202 684101 569
1507453292
15946101 11535743
28,05220536
18420
478175667
63642 160
134241501014*80637663405
265248081
611
11 916568
150623 564
1 443754
2,743
7986714580
12,166692
26,34124,7918,8726,680
762
26201 205
122844,7681629
201 51896303
14,75947,014
16,578105 21538049
29,68320,151
19705
203 708102,394
1486353755
16 414101 31435800
28,08220318
18625
45 2015444
61539 757
12222146141441634253 052
256647 623
602
ll 787561
147403570
1 424749
2,771
7991914742
12322698
26,3092477488016,637
774
26031188
123534,7861637
215 174104 172
1460252627
17,554111 00241383
3248220773
20554
206 577104 846
1467555680
16670101 73136241
28,56820253
18584
48 5175663
64242 864
13642155351532335983 217
268448 015
586
11 968568
149643597
1 454*721
2,773
8018114805
12,403700
26,25924,7398,7616,594
722
25781209
126044,8031651
219 614108 022
1454555868
17,707111 59241587
3273421 113
20925
208 260106 490
1487256703
16 673101 77036259
28,39020 188
18817
509986223
59644 775
16271147001448939462970
273048070
579
12 031565
149223 554
1 412734
2,814
8061515035
12548711
2630924,7878,6876,708
777
25971276
127914,7541642
205 138106 689
1450357740
168819844933401
2603220581
17471
211 100107 948
15 23457312
16932103 15236742
28,48120334
18827
702389494'618
60 744
2626416 58016 19962773 106
403748 404
588
12 182569
149023 553
1 414751
2,769
8008014953
12,526693
26,16924,6228,7546,514
783
25821175
125474,8321589
202 712105 297
1483456313
16,5989741533361
26 15620420
16933
209824106 377
1535655500
17 006103 44737 145
29,19220467
18710
41 1614661
51336510
9510150641486225372918
272448 504
614
12 128544
149223 531
1 420720
2,904
8041314,650
12,252693
26,61225,0728,7156,537
767
26061 163
12 6364,8911578
206 349106 051
1537556403
16,537100 29835 191
27,58120,482
17997
208 698104,479
1549953307
17 101104 21937 500
29,40420 665
18904
405834674
48935909
984514 2571404225062891
269648288
614
11 853532
150503492
1 402712
2,911
81,77914,911
12,468691
27,03625,5078,9966,689
768
26051227
126644,9771586
211 109107 493
1603056236
17,283103 61637053
2898220,904
18739
208 822103 631
1560951 905
17618105 19137 976
29,66420951
18871
47 5745563
62842011
12722155591533436133 159
293048895
634
12075545
15 1823579
1 390774
2,945
81,29814,787
12,399670
26,86925,3098,8796,621
751
26241200
126594,9851616
r212 578108 039
15,975r56,034
17,655104 539
r37 956r29,857r20,788
18 727
r209 550104,349
15435r52 575
17 797105 201
r37 905r29,649r20 957
18 783
r47 340r5809
r641r41 531
12 7351541315 182
r3417r3217r2805
r48 831r624
11 951'519
15 167r3566
1400r751
'2,937
r82,41514,952
12,512r670
r27,451r25,833
r8,979r6,737
r742r26731226
12 744r5,0001 634
211 636108 413
1570756,211
17,786103 22337100
29,20220,809
18435
211 272105,995
15 17653976
18002105 27737823
29,58721 051
18850
48 8176 115
65142702
1357115 4761526034873266
2,90949 112
630
11 996517
153063657
1 431779
2,959
r82,66015,164
12,709680
r27,404r25,771
r8,986r6,829
747
2,7121244
12 841r4,9831,615
1 82,95715,1941 12,798
' 27,5691 25,934
1 8,9661 6,936
1 12,8691 4,933
LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
Not Seasonally AdjustedNoninstitutional population, persons 16
years of age and over thous ..Labor force @ . d o
Resident Armed Forces.... do....Civilian noninstitutional population do....
Civilian labor force, total do....Employed do ....Unemployed do ....
Seasonally Adjusted 0Civilian labor force, total do
Participation rate t • percent..Employed, total thous..
Employment-population ratio t percent ..Agriculture thous ..Nonagriculture .........do....
Unemployed, total .....do ....Long term, 15 weeks and
over do. ..
182,293119 540
1,706180,587117,834109,597
8,237
65.3
60.73,163
106,434
2,232
184,490121 602
1,737182,753119,865112,440
7,425
65.6
61.53,208
109,232
1983
184,421122 871
1,718182,703121,153113,498
7,655
119 60865.5
112,30061.5
3,192109,108
7,308
2,029
184,605123 825
1,720182,885122,105114,652
7,453
119 89065.6
112,63961.6
3,212109,427
7,251
1,920
184,738123 350
1,736183,002121,614114,527
7,088
120 30665.7
113,05061.8
3,143109,907
7,256
1,896
184,904121 627
1,743183,161119,884113,027
6,857
119 96365.5
112,87261.6
3,184109,688
7,091
1,904
185,052122 485
1,741183,311120,744113,898
6,845
120 38765.7
113,21061.8
3,249109,961
7,177
1801
185,225122 366
1,755183,470120,611113,809
6,802
120 59465.7
113,50461.9
3,172110,332
7,090
1,834
185,370121 956
1,750183,620120,206113,679
6,526
120 72265.7
113,74461.9
3215110 529
6,978
1791
185,571121 491
1,749183,822119,742112,139
7,603
121 17565.9
114,12962.1
3293110,836
7,046
1733
185,705121 678
1,736183,969119,942112,460
7,482
121 34866.0
114,40962.2
3,228111,182
6,938
1,740
185,847121 693
1,736184,111119,957112,867
7,090
120 90365.7
114,10362.0
3,204110,899
6,801
1722
185,964121 996
1,732184,232120,264113,905
6,359
121 32365.9
114,71362.3
3,228111,485
6,610
1,540
186,088122 489
1,714184,374120,775114,222
6,553
120 97865.6
114,19561.9
3,035111,160
6,783
1609
186,247124 713
1,685184,562123,028116,209
6,819
121 47265.8
115,01862.3
3,085111,933
6,455
1,512
186,402125 561
1,673184,729123,888117,066
6,823
121,68465.9
115,05962.3
3,046112,014
6,625
1,629
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-10 SURVEY OF CURRENT BUSINESS August 1988
Unless otherwise stated in footnotesbelow, data through 1986 and ,T u
methodological notes are as shown in vmw
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
LABOR FORCE-Continued
Seasonally Adjusted 0Civilian labor force— Continued
Unemployed— ContinuedRates(unemployed in each group as percent
of civilian labor force in the group):All civilian workers
Men, 20 years and overWomen, 20 years and overBoth sexes 16-19 yearsWhite.. . .Black . . .Hispanic origin ..Married men, spouse presentMarried women, spouse presentWomen who maintain families
Industry of last job:Private nonagricultural wage and
salary workersConstructionManufacturing
Durable goodsAgricultural wage and salary workers ....
Not Seasonally AdjustedOccupation:
Managerial and professional specialtyTechnical, sales, and administrative
supportService occupationsPrecision production, craft, and repair....Operators, fabricators, and laborersFarming, forestry, and fishing
EMPLOYMENT §Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seas, variation thous..Private sector (excl. government) do ....
Seasonally AdjustedTotal employees, nonagricultural
payrolls . . doPrivate sector (excl. government) do....
Nonmanufacturing industries do . . . .Goods-producing do....
Mining doConstruction doManufacturing do
Durable goods doLumber and wood products do....Furniture and fixtures do....Stone, clay and glass products do....Primary metal industries do ....Fabricated metal products do....Machinery, except electrical do ....Electric and electronic equip do ....Transportation equipment do....Instruments and related
products do.Miscellaneous manufacturing do ....
Nondurable goods doFood and kindred products do....Tobacco manufactures doTextile mill products doApparel and other textile
products .. .. . doPaper and allied products do....Printing and publishing do....Chemicals and allied products do....Petroleum and coal products do ....Rubber and plastics prod-
ucts, nee ... .. . doLeather and leather products do....
Service-producing doTransportation and public utilities do ...Wholesale trade do...Retail trade doFinance, insurance, and real
estate doServices .... ... .. . doGovernment do.
Federal doState doLocal do
Production or nonsupervisory workers on privatenonagric. payrolls, not seas, adjusted thous.Manufacturing do
Seasonally AdjustedProduction or nonsupervisory workers on private
nonagricultural payrolls thous.Goods-producing do
Mining do...Construction do...Manufacturing do
Durable goods do...Lumber and wood products do...Furniture and fixtures do...Stone, clay, and glass
products doPrimary metal industries do...Fabricated metal products do...Machinery, except electrical do . . .Electric and electronic equip do ...Transportation equipment do...Instruments and related
products doMiscellaneous manufacturing do . .
70616.2
18360
145106445298
70131716.9
12.5
2.4
47867.2
10.97.8
99,52582,832
9952582,83263,86724,558
7774816
1896511230
710498585752
1,4232,0532,1162,025
706361
77341,609
59703
1 101674
1,4591,022
169
790149
749675,2555,753
17930
62832305316,693289938939901
67,01812877
67,01817197
5453,775
128777,426
597398
450566
1,0521,2211,2271,272
382262
6.25.45.4
16953
1308839439.2
6211.66.05.8
10.5
2.3
43776.19.47.1
102,31085,295
102 31085,29566,23024,784
7214998
1906511218
740518582749
1,4072,0232,0842,048
696370
78471,624
54725
1 100679
1,5071,026
165
823144
77 5255,3855,872
18509
65492419617,01529433963
10 109
69,03912995
69,03917412
5153,902
129957,453
619415
450564
1,0441,1991,2221,291
379270
615.55.3
16053
12886404095
6111.75.75.49.3
2.4
45795.98.45.1
102,91085,861
102 07885,09466,11224,684
7194983
1898211166
736516580746
1,4002,0132,0662,047
694368
78161,621
55724
1098677
1,5051,014
165
815142
77 3945,3635,860
18481
65532415316,98429393946
10099
69,59313024
68,89017334
5123,883
129397,417
616413
448561
1,0381,1921,2111,293
376269
6.05.45.4
15852
12781384.29.3
6.110.86.06.0
10.9
2.5
43755.48.95.6
102,21286,057
102 43085,42166,35224,788
7224997
1906911190
740524579751
1,4042,0202,0752,032
695370
78791,629
55730
1 116678
1,5101,025
165
824147
77 6425,3735,874
18543
65702427317,00929413965
10 103
69,70612893
69,15517,417
5173,894
130067,432
619420
448565
1,0401,1971,2211,274
378270
6.05.25.3
16252
12481374.39.0
6.011.35.65.5
10.6
2.4
44765.28.15.7
102,47186,478
102,67285,65666,54524,851
7285012
19 11111246
739524580755
1,4052,0312,0812,063
696372
78651,625
54728
1 098680
1,5141,029
165
827145
778215,3945,892
18569
65812436917,01629433971
10 102
70,08513098
69,34317,468
5223,908
130387,483
617419
448571
1,0431,2071,2241,305
37827
5.95.05.4
16451
12.3823.74.28.8
5.911.95.65.48.6
2.4
4.47.55.17.85.8
103,28886,556
102,90685,85166,69524,902
7345012
1915611,269
744526580761
1,4122,0392,0852,052
696374
78871,627
53730
1 104682
1,5181,032
166
830145
780045,4275,914
18605
658824,41517,05529623973
10120
70,13513 240
69,46317,506
528o one
130757,499
621420
449577
1,0501,2131,2251,292
380272
6.05.15.2
17252
1218.33.74.28.9
5.911.25.75.2
10.6
2.2
4.27.34.98.36.8
104,21086,855
103,37186,24167,01625,025
7405060
1922511315
744529583766
1,4212,0492,0942,052
700377
79101,630
52731
1 106682
1,5221,036
167
839145
783465,4485,935
18705
660424,52417,13029663985
10 179
70,36913226
69,76617,601
5343,949
13 1187,532
621424
451580
1,0551,2211,2331,290
383274
5.95.05.2
1665.1
12.29.03.54.28.5
5.810.65.34.8
11.1
2.0
4.17.55.28.38.4
104,54887,034
103,67886,52067,22325,123
7365090
1929711,355
750531585768
1,4292,0622,1002,047
704379
79421,636
54733
1 110683
1,5281,041
167
845145
785555,4665,958
18761
66082460417,15829743988
10196
70,52313256
69,98817,678
5313,972
13 1757,564
627425
453584
1,0631,2301,2351,285
385277
5.84.95.2
1614.9
12.28.13.44.38.4
5.710.65.14.8
10.9
2.1
3.67.05.28.78.7
104,80987,318
104,00186,79467,44625,201
7355118
19,34811,390
754533588769
1,4332,0742,1102,046
704379
7,9581,638
54733
1,106684
1,5321,047
167
851146
788005,4815,984
18784
661924,72517,20729804001
10226
70,76713239
70,23417,743
5303,998
132157,590
630427
457584
1,0681,2381,241,283
385277
5.85.15.1
16.05.0
12.27.23.64.28.9
5.812.25.65.5
11.5
2.1
4.47.76.9
10.410.3
102,80285,593
104,26287,044
' 67,67525,180
7285,083
19,36911,393
754536583768
1,4352,0852,1122,036
704380
7,9761,647
55732
1,105685
1,5381,047
166
854147
790825,4996,010
18,927
663324,79517,21829734006
10239
69,02813101
70,40517,698
5243,949
132257,582
629428
453583
1,0681,2441,2401,273
387277
5.74.95.2
15.44.8
12.68.33.44.18.3
5.711.05.65.9
10.2
2.0
4.18.06.9
10.39.5
103,37385,844
104,72987,47568,08525,271
7315,150
19,39011,404
756535584770
1,4382,0912,1122,031
705382
7,9861,649
54732
1,104686
1,5441,049
165
856147
79,4585,5136,035
19,045
6,63624,97517,25429724,014
10,268
69,23913 136
70,78717,798
5274,022
13 2497,599
631427
454586
1,0711,2501,2411,271
388280
5.64.94.8
16.54.7
12.88.23.44.07.5
5.610.75.25.2
11.0
1.6
4.17.06.89.88.6
104,16186,490
105,02087,70068,29525,330
7335,192
19,40511,411
755534585772
1,4392,0992,1152,025
705382
7,9941,647
54729
1,106687
1,5481,052
164
860147
79,6905,5306,061
19,050
6,65125,07817,3202,9704,031
10,319
69,79713,165
70,96117,839
5294,059
13 2517,598
631426
455588
1,0711,2561,2421,261
388280
5.44.64.8
15.94.6
12.29.33.03.88.7
5.310.65.34.8
10.6
1.7
3.56.45.38.66.3
105,15987,505
105,28187,97368,51325,435
7375,238
19,46011,459
758535587773
1,4442,1112,1172,045
706383
8,0011,648
54727
1,100687
1,5541,056
165
864146
79,8465,5436,089
19,093
6,65025,16317,3082,9634,041
10,304
70,71713,213
71,17017,909
5334,096
13,2807,632
633427
457591
1,0731,2621,2441,276
389280
5.64.94.9
15.64,7
12.49.03.33.98.4
5.710.55.44.9
13.9
1.7
4.16.85.18.36.1
r!05,956'88,268
'105,489'88,139'68,649'25,466
r739'5,237
19,490'11,477
'757537585
'7761,448
'2,1212,115
'2,048
709381
'8,013'1,643
52728
1,100689
'1,559'1,060
166
870146
'80,023'5,556'6,115
'19,130
'6,656'25,216'17,350'2,957'4,050
'10,343
'71,379'13,271
'71,260'17,925
'535'4,088
'13,302'7,649
632'429
455594
1,079'1,269'1,244'1,278
391278
5.34.64.9
13.64.5
11.59.03.13.77.8
5.410.24.84.49.7
2.0
4.07.04.87.25.0
'106,882'89,459
'106,021'88,661'69,116'25,590
'740'5,305
'19,545'11,514
'758'537'587781
1,456'2,135'2,120'2,046
'712'382
'8,031'1,648
53'727
'1,096'691
1,564'1,066
'166
'874'146
'80,431'5,578'6,145
'19,213
'6,676'25,459'17,360'2,951'4,030
'10,379
'72,421'13,425
'71,710'18,024
'535'4,148
'13,341'7!677
'633'429
'457'600
'1,08'1,27'1,24'1,27
'39'27
5.44.55.1
15.24.7
11.48.03.04.18.6
5.410.25.25.0
10.8
2.3
4.17.04.67.36.0
"106,098"89,607
"106,304"88,929"69,316"25,672
"740"5,319
"19,613"11,573
"755"543"588"790
"1,463"2,159"2,126"2,050
"713"386
"8,040"1,645
"53"728
"1,089"691
"1,568"1,071
"167
"884"144
"80,632"5,593"6,169
"19,295
"6,678"25,522"17,375"2,947"4,049
"10,379
"72,512"13,289
"71,932"18,099
'"534"4,159
"13,406"7,740
"627"435
"459"607
"1,094"1,295"1,263"1,282
"396"282
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-llUnless otherwise stated in footnotes
below, data through 1986 and ....methodological notes are as shown in vnm
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT §— Continued
Seasonally AdjustedProduction or nonsupervisory workers — Contin-
uedNondurable goods thous
Food and kindred products.. . doTobacco manufactures do.Textile mill products do....Apparel and other textile
products . . . doPaper and allied products do....Printing and publishing do....Chemicals and allied products do....Petroleum and coal products do ....Rubber and plastics prod-
ucts, nee do....Leather and leather products do....
Service-producing doTransportation and public utilities do....Wholesale trade doRetail trade doFinance, insurance, and real
estate doServices do
AVERAGE HOURS PER WEEK §
Seasonally AdjustedAvg. weekly hours per worker on private nonag.
payrolls: QNot seasonally adjusted hours..Seasonally adjusted do
Mining $ doConstruction $ .doManufacturing:
Not seasonally adjusted do....Seasonally adjusted do ....
Overtime hours do ....Durable goods . do
Overtime hours doLumber and wood products do....Furniture and fixtures do....Stone, clay, and glass products do ....Primary metal industries do ....Fabricated metal products do....Machinery, except electrical do....Electric and electronic
equip. doTransportation equipment.. doInstruments and related
products doMiscellaneous manufacturing do....
Nondurable goods doOvertime hours do
Food and kindred products doTobacco manufactures $ doTextile mill products do....Apparel and other textile
products doPaper and allied products do....Printing and publishing...... do ....Chemicals and allied products .do....Petroleum and coal products $ do....Rubber and plastics prod-
ucts, nee doLeather and leather products do....
Transportation and public utilities do-Wholesale trade doRetail trade . doFinance, insurance, and real
estate $ doServices do
AGGREGATE EMPLOYEE-HOURS §
Seasonally AdjustedEmployee-hours, wage & salary workers in non-
agric. establish, for 1 week in the month,seas adj. at annual rate bil. hours.
Total private sector doMining doConstruction do ...Manufacturing do....Transportation and public utilities do....Wholesale trade do. ..Retail trade .. do....Finance, insurance, and real
estate do...Services do
Government doIndexes of employee-hours (aggregate weekly): Q
Private nonagric. payrolls, total 1977=100..Goods-producing do ....
Mining do ...Construction do ...Manufacturing do
Durable goods ,,,,,,, doNondurable goods do
Service-producing doTransportation and public
utilities doWholesale trade do ...Retail trade. . doFinance, insurance, and real
estate do...Services do ...
5,4501,131
44608
927511817568106
615123
498224,3454615
15969
4,64520,248
34.8
42.237.4
40.7
3.441335
40.339.842.241.941.341.6
410423
41 039.639933
40037.441.1
36743.238.041.943.8
41336.939.2383292
364325
185.21151 97
1719.37
40.1510.7411.4627.23
11.9339393325
117.397.485.9
128.1920902947
128.3
1064117.61185
136.8145.7
55431,149
41629
924516842576108
639120
516284,4644704
16454
480721 198
34.8
424378
41.0
3.741538
40.640.042.343.141.542.2
409420
41 439.440236
40239041.8
37043.438.042.3440
41638.239238 1292
363325
190 0915647
159982
40.5910.99116528.10
12.3741 353362
120.999.281.3
133.5934909971
1328
1093119.31225
140.9152.4
55221148
41628
923514840569108
632119
515564,4504695
16433
4,81521,163
35.034.742.338.1
41.141.03.7
4153.8
40.640.042.043.041.642.3
409419
41 439.440236
40141242.1
37043.438.042.2436
41738.539.038 1292
364325
1900215607
159976
40.3910.93116228.08
12.4241293395
120.598.780.8
132.793090496.7
132.5
1084118.91222
141.6152.1
5,5741,153
42635
939516842576108
639124
517384,4604706
16486
4,81921,267
35.034.842.038.6
40.641.03.8
4163.8
40.640.042.343.241.542.5
409418
41 539.540337
40137342.3
37243.538.142.2449
41638.439338 1293
362325
190.6915675
1599.81
40.5811.0111.6328.26
12.3941 483394
121.199.381.9
133.093690.797.8
133.2
1095119.2123.0
141.4152.9
5,5551,149
41632
922516846579108
641121
518754,4774,720
16,508
4,82221,348
35.234842.738.6
40.941.03.8
4153.9
40.540.042.243.341.542.3
409418
41 639.740337
40237842.0
37243.438.142.4436
41638.9393382294
364325
191.4015750
1639.85
40.6811.0711.7028.40
12.4841693390
121.699.682.9
133.993891397.5
133.8
1099119.8123.6
141.8153.5
5,5761,151
39634
927520849582109
644121
51,9574,5024,736
16,520
4,82121,378
34.734.642.336.5
40.840.63.7
41.03.7
39.639.542.043.240.941.7
404414
41 038.940 136
40240141.4
36443.738.142.5440
41337.8391380295
360325
188.46157 10
1629.28
40.8111.0411.7228.46
12.4541723136
121.198.082.7
127.093290.397.3
133.9
1100119.6124.1
140.6153.7
5,5861,153
39634
929518851582109
650121
52,1654,5174,752
16,610
4,82221,464
34.934.942.938.8
41.341.23.9
4184.0
40.440.142.543.641.942.6
410424
41 939.540438
40441441.8
37343.638.142.5440
41838.8393382292
362326
192.7615863
166100941.1011.17118128.44
12.4341 9534 14
122.5101.0
85.0136.794892598.3
134.3
1109120.7123.5
141.1154.8
5,6111,159
40636
932518856585109
655121
52,3104,5334,777
16,651
4,81821,531
34.834.842.637.1
41.441.23.9
41.84.0
40.740.242.443.542.142.7
41042.3
41 4on ooy.z
40337
40440.941.6
371
43.538.042.544.1
41838.3
39.2382292
363326
192.9915897
16310.0341.2311.2011.8228.48
12.4942103402
122.8101.2
84.1136.495192.998.5
134.7
1110121.3123.8
141.3155.3
5,6251,161
41636
930519858589109
661121
52,4914,5454,802
16,671
4,82421,649
34.834.643.137.6
41.841.03.8
41.53.9
40.439.842.543.441.742.6
40.941.5
41239.2
40337
40.540.541.5
371
43.338.042.544.5
41638.0
39.1380288
360325
193.2215875
16210.1341.2011.1711.8328.24
12.4042 153447
122.5101.3
84.0137.795092.598.7
134.2
1110121.3122.2
139.6155.6
5,6431,169
42636
929520863589109
664122
52,7074,5604,825
16,795
4,83121,696
34.434.742.135.9
41.041.13.9
41.64.0
40.239.642.043.441.842.7
41.142.0
41839.1
40.33.8
40.639.241.5
368
43.438.142.544.2
41738.0
39.5381290
362326
193.5615925
1579.76
41.2811.2611.9028.60
12.5042393431
123.0100.5
81.7132.195292.799.0
135.5
1126122.2124.0
141.3156.5
5,6501,172
41636
928521867589108
122
52,9894,5744,848
16,902
4,82721,838
34.534.841.836.1
40.741.03.7
41.53.8
40.339.542.343.141.642.6
40.942.0
41.339.3
40.23.6
40.338.641.6
37.0
43.338.142.443.3
41.637.8
39.1382291
36.432.7
195.0516050
1.5710.0141.2911.2512.0028.84
12.58429734.54
123.9101.1
82.5136.0
95.292.799.0
136.4
111.8123.1125.2
141.6158.0
5,6531,168
41634
930521870592107
669121
53,1224,5874,881
16,897
4,82521,932
34.434.641.937.4
40.940.93.7
41.53.8
40.139.342.343.341.642.5
40.942.1
41.439.2
40.13.6
40.139.341.2
37.0
43.238.142.543.7
41.737.9
38.8381290
35.832.4
194.9216015
1.5910.2441.2911.1712.0128.72
12.38427634.77
123.6101.6
83.2139.1
95.292.798.8
135.8
111.2123.6124.8
139.6157.2
5,6481,169
40632
926520871593107
670120
53,2614,6004,902
16,949
4,82321,987
34.734.942.837.9
41.041.23.9
42.04.2
40.639.542.543.542.042.8
41.243.0
41.839.4
40.33.6
40.138.541.6
37.4
43.338.242.144.4
42.037.3
39.538.329.2
36.232.7
196.33161.56
1.6410.3141.5011.3612,1328.88
12.5443.2034.77
125.1102.7
85.9141.1
96.194.099.1
137.4
113.5124.8126.0
141.1159.0
'5,6531,164
39632
'925'521'872'596108
'676'120
53,335'4,611'4,924
'16,949
'4,828'22,023
34.634.7
'42.2'38.2
40.941.03.9
41.84.2
'40.1'39.542.3
'43.641.942.6
41.0'43.0
41.439.2
40.03.6
'40.1'39.5'40.8
36.8
43.337.7
'42.0'44.1
41.7'37.3
'39.438.029.0
'35.832.5
'196.09161.16'1.63
'10.2641.49
'11.3712.06
'28.81
'12.40'43.15'34.93
124.4102.1'84.4
'139.395.793.998.4
'136.8
'113.5'124.4125.1
'140.1'158.3
'5,664'1,169
40'630
922522875599108
679'120
'53,686'4,624'4,954
'17,033
'4,839'22,236
35.0'34.7'42.638.7
'41.2'41.1
3.9'41.8
4.1'40.2'39.3'42.4'43.6'42.042.4
'41.1'43.0
'41.4'39.4
40.13.6
40.4'39.840.6
'37.0
43.1'38.042.4
'45.0
41.636.9
39.338.0
'29.1
'35.932.5
'197.14'162.44
1.64'10.56'41.66'11.45'12.16'28.99
'12.48'43.51'34.69
'125.4'103.2'85.2
'144.096.1
'94.298.9
'137.8
'113.6'125.1'126.2
'140.4'159.9
"5,666"1,163
"40"632
"913"523"875"601"110
"690"119
"53,833"4,645"4,969
"17,097
"4,845"22,277
"35.1"34.9"42.2"38.5
"40.7"41.1"3.9
"41.7"4.0
"40.4"39.4"422"43.4"41.6"42.9
"40.8"42.7
"41.6"39.5
"40.3"3.8
"40.6"39.0"41.1
"37.2
"43.3"38.0"42.3"45.2
"41.9"37.4
"39.4"38.2"29.3
"36.2"32.7
"198.25"163.47
"1.63"10.42"41.83"11.50"12.25"29.40
"12.61"43.84"34.78
"126.3"103.4"85.2
"142.1"96.7"94.9"99.5
"139.0
"114.4"126.2"127.5
"142.1"161.1
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-12 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and ,, .,methodological notes are as shown in Units
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS §
Average hourly earnings per worker: QNot seasonally adjusted:
Private nonagric. payrolls. dollarsMining doConstruction doManufacturing do
Excluding overtime doDurable goods do
Excluding overtime do....Lumber and wood products doFurniture arid fixtures do....Stone, clay, and glass products do....Primary metal industries do.. .Fabricated metal products doMachinery, except electrical do....Electric and electronic
equip doTransportation equipment do....Instruments and related
products doMiscellaneous manufactur-
ing do
Nondurable goods doExcluding overtime do
Food and kindred products do....Tobacco manufactures do....Textile mill products do....Apparel and other textile
products doPaper and allied products do....Printing and publishing do....Chemicals and allied products do....Petroleum and coal products do....Rubber and plastics prod-
ucts, nee doLeather and leather products do....
Transportation and public utilities do....Wholesale trade doRetail trade doFinance, insurance, and real
estate doServices do
Seasonally adjusted:Private nonagricultural payrolls dollars . .
Mining doConstruction doManufacturing doTransportation and public utilities do ....Wholesale trade doRetail trade doFinance, insurance, and real
estate doServices do..
Indexes of avg. hourly earnings, seas, adj.: ^Private nonfarm economy:
Current dollars 1977-1001977 dollars J do
Mining f J doConstruction doManufacturing do....Transportation and public utilities do . . . .Wholesale trade it doRetail trade doFinance, insurance, and real
estate ft doServices do
Hourly wages, not seasonally adjusted:Construction wages, 20 cities (ENR): §§
Common labor $ per hrSkilled labor do
Railroad wages (average class I) doAvg. weekly earnings per worker,
private nonfarm: <>Current dollars, seasonally adjusted1977 dollars, seasonally adjusted tCurrent dollars, not seasonally adjusted:
Private nonfarm, total dollars..Mining .... doConstruction doManufacturing do
Durable goods doNondurable goods do
Transportation and publicutilities do
Wholesale trade do....Retail trade do ....Finance, insurance, and real
estate doServices do ....
EMPLOYMENT COST INDEX
Civilian workers t 6/81-100Workers, by occupational group
White-collar workers doBlue-collar workers doService workers do
Workers, by industry divisionManufacturing doNonmanufacturing do
Services . doPublic administration do
HELP- WANTED ADVERTISINGSeasonally adjusted index 1967 — 100
87612461248973934
10299.878347.46
10.0411.869.88
10.57
9.6512.81
947
7 55
8958598.75
12.886.93
58411.189.99
11.9814.19
8735.92
11.70935603
836818
8.7612461248973
11.70935603
8368.18
1694950
181 41524172.2171.017251583
1798174 4
163721 461389
3048517107
304.85525814667539601424.98357 11
45864358.11176.08
30430265.85
138
89812521269991948
10439.988407.67
10.2511.94100010.70
98812.95
9.71
7759188788.94
14.037.17
59311.4310.2812.3714.59
8916.08
12.039596 11
873848
8.9812521269991
12039 59611
873848
1735940
18221549174.9176.1177 11609
1875181 1
168622 12
14 25
3125016928
312.505308547968406314328536904
47158365.38178.41
31690275.60
153
89112521266987944
10409.958437.66
10.281191998
10.68
98312.87
966
7759138748.92
15.857.13
58911.4210.1912.2814.44
8896.09
11.94954608
863837
8.95(i)1274989
12009556 10
865844
1729938
181 91554174.5175.617631606
1854180 2
1684220114 14
3105716842
311.855296048235405664336836794
46805365.38179.97
314 13273.70
1359
1393130 11385
1315137814581447
152
89012411260987945
10389.958457.66
10.3011.93993
10.67
9.8612.82
9.71
7729188788.88
15.177.13
58711.4910.2412.3714.51
8965.99
12.00956607
8638.34
8.96(i)1271988
12.039 596 12
870846
1732937
181 81549174.5176.21765161 1
1855180 9
168922 12
14 11
311 8116864
311.50521 2248636400724255836720
47520365.19182.10
31241273.55
152
89412401268986942
10399.938487.74
10.2811.93994
10.70
98812.88
974
7729148728.82
14.557.16
58811.4110.3212.3314.54
8936.04
12.06960607
874840
9.01(i)1272994
12099656 13
879853
1741937
181 4155 1175.3177.0177 3161 5
188 1182 4
1699223014 27
313 5516876
314.695294848945403274291136926
47878367.68183.31
318 14276.36
161
90512501279999953
104910.028467.74
10.371219100010.74
99413.04
976
7789308868.95
13.347.23
59911.6610.4812.5614.74
9016.13
12.119 64620
873I 854
9.02(i)1270100012079646 18
876855
1746937
18281548176.3176.8178 11623
1877182 5
17 05224114 26
3120916761
314.045287546684407594311437479
47471366.32182.90
314 28276.70
1375
141 213131399
1327139 6149 21464
158
90812421282995948
10489.998427.71
10.2712.0010.0610.79
9.9213.07
9.78
7799208788.88
13.187.24
59711.4610.4112.5014.66
8936.12
12.12965616
876861
9.07(i)1272999
12129706 16
882860
174993 6
182 11552176.1177.51783162 1
1884183 9
1705224214 23
316 5416936
316.895328249742410944380637260
47753369.60179.26
317 11279.83
162
913125412831001954
105410.048477.71
10.3012.04101010.83
99813.18
9.83
7 80
9268848.98
13.757.29
59811.4910.3912.5514.77
8986.15
12.219726 18
889871
9.10(i)1281100012.139716 17
889865
175693 8
184 11565176.4177.617961624
191 2184 9
170522431439
316 6816908
317.725342047599414414426837596
47985371.30179.22
32271283.08
162
9 13126012811007959
10 6010.098437.78
10.2912.11101910.89
100313.25
984
7 919328899.07
13.697.31
60011.5310.4312.6114.73
9046.16
12.249736 19
881873
9.11(i)1274100112169 696 19
884867
1757937
18391554176.6178.217961627
1899185 2
170522431487
3152116802
317.7254306481664209344944381 19
479 81371.69181.37
317 16282.85
1386
142213251408
134114051506148 1
155
918127712991007962
106010.138517.80
10.3512.0610.1210.85
10.0213.22
9.93
7979328929.06
13.797.34
60211.5410.3812.5514.89
9006.16
12.16978624
8968.81
9.14(i)
12.91100212.14975620
8928.72
176693 8
18521576176.8178.318041634
1929186 5
170622431475
317 1616843
315.79537 624663441287440.9637466
47424370.66176.59
32435285.44
153
917127112821005963
105810.138537.74
10.3312.0310.1310.82
10.0213.17
9.92
7909318939.06
14.017.30
60211.5010.4012.5514.96
9006.19
12.23978623
9028.81
9.13(i)
12.82100312.19972620
8.918.72
1767937
18461568177.0179.1180 51634
19421863
170722451504
3177216846
316.37531 2846280409044369537054
47575370.66177.56
328 33287.21
156
918125912871007964
105910.138457.76
10.3612.0710.1410.84
10.0413.20
9.88
7919338959.07
14.427.31
60311.5210.4512.5314.98
9006.23
12.19978624
8978.80
9.16(i)
12.90100512.21976622
8.908.75
177.093 5
18361575177.3179.418041638
19341869
17 112254
14 75
3169416743
315.79527 52481344118644054373 20
47053370.66178.46
321 13284.24
140.6
144 213471429
1368142315281503
158
923126012881012968
106510.178507.81
10.4112.1110.2210.88
10.0913.28
9.89
7929378989.14
14.987.35
6.0411.6010.4012.5715.00
9046.29
12.27988626
9.038.82
9.23(i)
12.9310 1112.29988625
8.998.81
178.0936
184 6157.8177.9180.618231648
19481883
17.112254
1500
32213169.36
320.285392848815414.92444.1137386
48098377.42180.91
32689287.53
157
r926125412871014r970106710.19r8547.87
10.4512.1310.2310.90
10.1213.31
r9.87r794r9388999.15
15.247.31
r6.0511.64
10.4312.5914.93
r9.04r6.27
12.28987
r628
9.098.84
9.27(i)
12.911015
12.35988
r628
9.088.88
178.7r936
1842157.5178.4181.618221654
1959189 9
17.202258
15 11
32167168.41
r320.40r529 19r491.63414.73444.94
r374 26r481 38375.06
181.49r325 42286.42
160
9.2312.5512.871016970
107010.19r8597.89
10.4712.1610.27
10.93
10.1513.38r9.90
r793r939r899'9.12
15.78r7.33
6.0811.6310.4412.6015.04
r9.066.27
12.29985
r626r8.968.78
'9.28(i)
12.951018
12.35986
r6.29r8.988.86
178.693.2
184.5158.0
178.8181.3
181.6165.7
193.71893
17.36225415 11
r322.02168.07
323.05r534 63r498.07r418.59r448.33r377 48
r485 46376.27
184.04
r321 66287.11
142.1
145713621443
138.1143915381512
156
"9.25"12.61"12.94"10.18"9.73
"10.70"10.22
"8.64"7.94
"10.55"12.19"10.19"10.94
"10.20"13.30
"10.04
"8.00"9.46"9.05"9.14
"16.14"7.30
"6.02"11.74"10.47"12.71"15.24
"9.10"6.26
"12.31"994"6.28
"9.00"8.80
"9.32C1)
"13.06"10.19"12.35"9.98"6.33
"9.07"8.93
"179.5"93.3
"185.5"159.2"179.0"181.9"183.1"166.8
"194.5"191.1
17.4022.61
"325.27"169.06
"324.68"532.14"498.19"414.33"440.84"378 40
"488.71"380.70"188.40
"325 80"290.40
159
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-13Unless otherwise stated in footnotes
below, data through 1986 and ., ..methodological notes are as shown in unus
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGESWork stoppages involving 1,000 or more workers:
Number of stoppages:Beginning in month or year number..
Workers involved in stoppages:Beginning in month or year thous ..
Days idle during month or year ... do
UNEMPLOYMENT INSURANCEUnemployment insurance programs:
Insured unemployment, all programs, averageweekly #@ thous..
State programs (excluding extended durationprovisions):Initial claims thousInsured unemployment, avg.
weekly . doPercent of covered employment: @ ©
UnadjustedSeasonally adjusted . .
Beneficiaries, average weekly.... thousBenefits paid @ .... . .... mil $
Federal employees, insured unemployment,average weekly thous ..
Veterans' program (UCX):Initial claims doInsured unemployment, avg.
weekly ... doBeneficiaries, average weekly.... doBenefits paid ... mil $
Railroad program, insured unemployment,average weekly thous..
68
52912 140
2,746
19 673
2650
28
233715403
23
151
2018
1398
26
46
1744481
8
16278
2,108
1 309
2051
2124
18621 105
18
12
1917
112
12
6
8471
3
18361
7
461 155
1
1353
6
12223
0
0159
3
737
5
17337
1
6203
0
14208
3
10271
3
7264
FINANCE
BANKINGOpen market paper outstanding, end of period:
Bankers' acceptances mil $Commercial and financial company
paper, total do....Financial companies do ....
Dealer placed doDirectly placed . . .. do
Nonfinancial companies ... doLoans of the Farm Credit System: **
Total, end of period mil. $..Federal land banks and Federal
land bank associations do....Federal intermediate credit banks and
production credit associations do....Banks for cooperatives..... do....
Federal Reserve banks, condition, end of period:Assets, total #.......... mil. $..
Reserve bank credit outstand-ing, total # ... doLoans .... doU.S. Government securities do....
Gold certificate account . doLiabilities, total # do ....
Deposits, total . . doMember-bank reserve balances do....
Federal Reserve notes in circu-lation . • , • do
All member banks of Federal Reserve System,averages of daily figures:
Reserves held, total mil $Required doExcess do
Borrowings from Federal Reservebanks do
Free reserves f doLarge commercial banks reporting to Federal
Reserve System, last Wed. of mo.: $Deposits:
Demand, total # mil. $..Individuals, partnerships, and
corporations ... .... doStates and political subdivisions do....U.S. Government ..do ....Depository institutions in U.S do....
Transaction balances other than demanddeposits * do....
Nontransaction balances, total * do....Individuals, partnerships, and
corporations do ....Loans and leases(adjusted),total § do....
Commercial and industrial do....For purchasing and carrying
securities do ....To nonbank depository and other
financial doReal estate loans doTo States and political subdivisions doOther loans . do
Investments, total .... doU.S. Treasury and Govt. agency securities,
total do....Investment account do
Other securities do
64,974
326,144253,131102,753150,37873,013
58,250
39,286
11,5637,400
267,359
224,2851,565
211,31611,084
267,35956,89948,107
195,360
1 59,560' 58,191
1 1,369
'827"845
299,435
230,6247,8101,871
34,659
64,881537,869
496,382836,845297,246
14,591
28,449222,78536,953
236,821196,123
119,45499,83276,669
70,5653 373,5863 287,2743 115,0343 172,240
3 86,312
52,498
34,346
9,9278,225
275,566
236,0463,815
222,55111,078
275,56648,36841,784
212,890
1 62,123'61,094'1,029
'777r'735
247,359
190,5586,7443,258
27,448
67,094565,046
524,423846,807287,232
12,490
23,925260,30832,448
230,404196,268
122,902111,85873,366
69,622
351,253272,186109,010163,17679,067
54,268
35,990
10,6497,629
265,548
223,568972
212,30611,069
265,54850,65236,102
198,255
58,78457,594
1,190
776r687
229,223
173,3496,2493,144
23,845
63,139555,152
512,875831,850283,233
14,198
25,038243,60635,093
230,682186,408
113,423101,00972,985
68,495
347,421268,049105,285162,76479,372
257,388
217,861634
208,17011,069
257,38845,40939,501
199,115
58,83858,078
761
672r283
222,523
172,1735,9252,873
23,564
64,023555,783
515,758826,216277,246
14,508
22,643245,46134,295
232,063191,150
119,606105,21871,544
68,645
347,917270,455107,898162,55777,462
252,736
215,937566
207,23811,068
252,73641,83337,491
199,424
58,36157,329
1,032
647r517
218,826
169,1616,0812,569
23,810
65,096555,098
515,393829,948276,330
14,171
22,182247,890
34,005235,370192,465
120,939107,75871,526
68,771
360,173280,848113,988166,86079,325
53,638
35,124
10,5187995
262,649
221,7531,941
211,94111,075
262,64949,02239,028
199,680
59,81359,020
793
940r262
247,662
192,1866,9213,183
26,664
65,110556,013
515,415846,247282,932
18,133
22,800251,99034,152
236,240193,384
121,792107,61271,592
71,891
361,124279,957108,064171,89381,167
270,048
229,428587
217,61411,085
270,04852,79843,187
202,712
61,10659,977
1,129
943r635
238,194
184,6236,0892,156
24,802
64,815563,832
523,404852,240282,877
19,205
22,688254,83033,525
239,115194,152
122,746108,74871,406
71,068
354,012273,760103,234170,52680,252
266,491
230,022790
218,96011,082
266,49146,17741,781
207,873
61,20560,282
923
625r692
225,252
177,9226,3912,273
23,542
65,539565,981
525,604842,808283,311
12,555
22,765257,32333,373
233,481196,692
123,616109,13673,076
70,5652 373,5862 287,2742 115,0342 172,240
286,312
52,498
34,346
9,9278,225
275,566
236,0463,815
222,55111,078
275,56648,36841,784
212,890
62,12361,094
1,029
777r735
247,359
190,5586,7443,258
27,448
67,094565,046
524,423846,807287,232
12,490
23,925260,30832,448
230,404196,268
122,902111,85873,366
62,957
379,192296,593122,838173,75582,599
265,174
226,563333
218,41111,068
265,17446,28435,338
205,871
62,64061,345
1,295
1,082r585
221,655
173,5286,7413,079
23,250
68,742583,641
543,581864,261288,028
12,600
22,492267,72832,422
240,991202,980
129,273115,28073,707
62,419
389,156302,541127,032175,50986,615
260,693
225,526336
216,89111,063
260,69342,95439,701
206,300
60,04758,914
1,133
396r942
214,894
167,7366,7433,250
21,878
69,248587,949
547,278861,774290,090
12,853
21,782268,71332,076
236,260204,712
132,168114,98072,544
63,454
388,492302,755129,698173,05785,737
52,814
33,566
9,4799,770
265,072
227,5042,311
217,49611,063
265,07242,15038,777
209,719
60,07659,147
929
1,752r655
223,226
175,0455,8823,069
21,954
70,977590,904
550,777871,882293,278
14,216
22,274271,58131,632
238,901202,529
129,797114,25872,732
64,112
409,497316,061135,673180,38893,436
283,979
244,0062,590
203,97111,063
283,97958,48141,720
210,842
62,06461,205
859
2,993r490
225,053
176,8686,3174,010
21,590
72,244589,401
549,652881,326297,918
13,081
22,031273,83431,258
243,204202,133
130,107115,49872,026
63,332
416,276325,769139,339186,43090,507
269,989
233,8863,304
223,19211,063
269,98942,35438,758
215,168
60,68159,641
1,040
2,578r569
215,417
170,8515,6292,121
21,035
70,507594,842
553,766882,613299,004
11,704
22,350276,95930,993
241,603205,463
132,752117,08472,711
64,259
277,442
239,8672,464
227,63611,063
277,44246,17635,681
217,812
61,99161,103
r888
3,083r359
233,070
182,9365,9793,008
22,360
70,702599,611
559,581893,086300,160
13,712
22,717280,87330,759
244,865203,455
130,311113,45573,144
275,408
236,0753,650
224,45011,063
275,40844,46439,994
217,240
62,76361,754
1,009
3,440107
226,623
177,8026,1562,899
22,710
71,614603,936
564,529891,898299,456
11,994
22,302283,67230,352
244,122203,860
130,854113,34073,006
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-14 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and ,,Uamethodological notes are as shown in vntts
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
FINANCE-Continued
BANKING— Continued
Commercial bank credit, seas, adj.: §Total loans and securities $ bil. $ ..
U.S. Government securities do ....Other securities doTotal loans and leases <) do....
Money and interest rates:
Prime rate charged by banks onshort-term business loans percent.
Discount rate (New York FederalReserve Bank) @@ do
Federal intermediate credit bankloans do
Home mortgage rates (conventional 1stmortgages):
New home purchase (U.S. avg.) percent-Existing home purchase(U.S. avg.) do....
Open market rates, New York City:Bankers' acceptances, 90 days do ....Commercial paper, 6-month $ do....Finance co. paper placed di-
rectly 6-mo do
Yield on U.S. Gov. securities (taxable):3-month bills (rate on new issue)... percent..
CONSUMER INSTALLMENT CREDIT t
Not seasonally adjusted
Total outstanding (end of period) # mil $By major holder:
Commercial banks doFinance companies . doCredit unions . doRetailers do....Savings institutions do....
Seasonally adjusted
Total outstanding (end of period) # doBy major holder:
Commercial banks doFinance companies doCredit unions doRetailers do .Savings institutions do.
By major credit type:Automobile do ....Revolving doMobile home ... . do
Total net change (during period) # doBy major holder:
Commercial banks doFinance companies doCredit unions do...Retailers doSavings institutions do...,
By major credit type:Automobile doRevolving . doMobile home .. do
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:Receipts (net) mil $Outlays (net) §§ do....Budget surplus or deficit ( ) §§ do
Budget financing, total §§ do ...Borrowing from the public §§ do ...Reduction in cash balances do
Gross amount of debt outstanding §§ do...Held by the public §§ do
Budget receipts by source and outlays byagency:Receipts (net) total mil $
Individual income taxes (net) do...Corporation income taxes (net) do . . .Social insurance taxes and contributions
(net) mil $Other do
Outlays (net), total §§ do...Agriculture Department do ...Defense Department, military do . . .Health and Human Services
Department mil. $.Treasury Department do...National Aeronautics and
Space Adm doVeterans Administration do ..
GOLD AND SILVER:Gold:
Monetary stock, U.S. (end ofperiod) @ mil $
Price at New York ft dol. per troy oz
Silver:Price at New York ±± dol. per trov oz
2,089.9309.3196.1
1,584.5
8.33
6.33
9.70
29.742 9.80
6.396.39
6.31
5.960
581,336
265,926134,66077,07543,49056,914
' 769,0911 990,231
'-221,1401 221,1401 236,187'- 15,047
1 2,129,964'1,746,044
1 769,091' 348,959
1 63,143
1 283 9011 73,087
1 990,2311 58,666
1 265,636
' 333,9351 179,189
1 7,403' 26,536
11,064367.867
5.470
2,230.6333.2196.0
1,701.4
8.22
5.66
8.54
2 8.942 8.94
6.756.85
6.37
5.820
623,628
285,856141,11882,04446,90764,099
' 854,1431 1,003,067' 148 924
1 148,924'150,989' -2,065
1 2,355,2061 1,897,034
1 854,143' 392,557
1 83,926
1 303,318'74,342
1 1,003,067'49,593
'274,007
'351,315' 180,345
'7,591'26,952
11,078446.504
7.009
2,176.7321.3195.9
1,659.6
8.25
5.50
8.42
9.059.02
6.837.00
6.50
5.690
585,167
268,610134,74077,88140,27660,137
587,878
269,711135,59578,27140,89659,836
254,212144,77726,810
6,645
2,5291,2201,083
1721,622
2,4712,901
171
82,94583,429-484
4849,7199235
2,314,4601,875,297
82,94540,52110,973
24,7126,740
83,4291,818
24,012
32,34426,202
6992,457
11,069449.59
7.41
2,181.3322.9194.3
1,664.1
8.25
5.50
8.41
9.019.05
6.596.72
6.35
5.780
592,527
271,899136,86379,00640,19260,834
593,512
272,287136,41479,12341,14460,944
256,585147,80926,966
5,634
2,576819852248
1,108
2,3733,032
156
64,22386,431
-22,208
22,208-3,16325,371
2,312,0891,872,137
64,22331,8892,358
23,3466,630
86 4314,193
23,477
30,55212,323
6713,380
11,069450.809
7.678
2,199.0328.5193.7
1,676.8
8.25
5.50
8.45
9.019.05
6.646.81
6.34
6.000
599,711
274,086139,04980,20840,63361,854
598,190
273,879137,66379,81641,38161,798
259,558149,81526,879
4,678
1,5921,249
693237854
2,9732,006-87
60,21381,89021 677
21,67733,01011 333
2,349,2721,905,147
60,21326,884
1,566
25,7126,051
81,8903,325
23,707
27,74813,866
6451,133
11,068460.883
7.847
2,214.7331.3193.7
1,689.8
8.70
5.95
8.43
9.038.91
7.317.55
6.90
6.320
607,777
278,679141,55881,07940,67861,940
602,978
276,805138,39580,35141,63262,099
261,902152,55326,845
4,788
2,926732535251301
2,3442,738-34
92,41077,08715323
-15,323-8,113
7 2102,355,2061,897,034
92,41039,79720,506
25,4036,705
77,087733
21,470
28,79211,143
6982,178
11,075460.198
7.590
2,227.6331.7194.2
1,701.7
9.07
6.00
8.55
8.868.86
7.857.96
7.17
6.400
610,751
279,668142,33981,45041,18262,349
606,927
278,855139,23680,67242,01262,458
263,823155,19626,698
3,949
2,050841321380359
1,9212,643-147
62,35493,055
-30,701
30,70127,2423,459
2,389,5731,924,277
62,35432,429
1,855
22,1775,891
93,0557,645
25,274
30,58711,796
9363,639
11,085465.355
7.562
2,232.1331.1196.2
1,704.8
8.78
6.00
8.65
8.928.89
7.077.17
6.69
5.810
612,341
279,606141,52381,69242,43863,495
608,726
279,550138,92880,92242,29163,411
264,474156,42526,604
1,799
695308250279953
6511,229-94
56,98783,91126924
26,92424,756
2,168
2,415,4861,949,034
56,98725,039
1,667
23,7566,525
83,9115,194
20,660
28,53115,912
772893
11,082466.468
6.662
2,230.6333.2196.0
1,701.4
8.75
6.00
8.57
8.788.86
7.487.49
6.64
5.800
623,628
285,856141,11882,04446,90764,099
613,021
281,564140,07281,06442,78263,949
267,180159,30725,957
4,295
2,0141,144
142491538
2,7062,882-647
85,525109,771
-24,246
24,24610,13614,110
2,437,6371,959,170
85,52536,53717,748
23,3617,880
109,7713,806
28,356
47,60729,084
8433,771
11,078486.305
6.790
2,242.4334.6193.9
1,714.0
8.75
6.00
8.56
8.758.92
6.776.92
6.53
5.900
621,579
286,159140,81181,66944,72564,456
619,258
284,753141,69581,66242,92664,633
269,883162,06525,926
6,236
3,1881,623
598144684
2,7042,758
32
81,79165,78616,005
-16,0055,361
-21,366
2,454,0961,964,452
81,79143,9873,630
28,1626,012
65,7864,428
19,227
12,44113,902
6221,210
11,068476.580
6.732
2,259.8334.9195.6
1,729.2
8.51
6.00
(3)
8.768.84
6.496.58
6.27
5.690
618,926
286,024140,32181,09443,07864,873
624,293
287,344142,94681,89743,08065,396
273,133163,46225,857
5,035
2,5911,251
235154763
3,2501,396
69
60,35584,260
-23,905
23,90520,1583,747
2,477,4381,984,612
60,35525,651
975
28,5005,230
84,260643
23,066
30,79015,184
6062,158
11,063441.903
6.325
2,274.8338.9197.5
1,738.4
8.50
6.00
8.778.84
6.516.64
6.23
5.690
621,625
288,362140,93581,64542,67364,564
629,485
290,832144,05382,59543,27165,078
276,762165,64425,732
5,191
3,4871,107
698191
-318
3,6282,182-125
65,73094,877
-29,147
29,14717,16011,987
2,493,1952,001,771
65,73020,63712,706
25,6766,711
94,8774,358
25,756
32,47913,900
8042,555
11,063443.607
6.413
2,297.7343.0198.2
1,756.4
8.50
6.00
8.768.93
6.796.92
6.51
5.920
627,052
291,542141,71682,33942,56065,341
633,336
293,166144,51683,20443,29565,387
278,567167,35625,764
3,851
2,33546260924
309
1,8051,713
32
109,32395,43313,890
-13,890-334
13,556
2,508,3422,001,437
109,32353,33412,026
37,3576,606
95,4334,449
26,103
32,04414,704
8163,748
11,063451.833
6.478
2,322.5345.9197.6
1,778.9
8.84
6.00
8.598.90
7.127.31
6.75
6.270
'632,329
'293,708142,542r83,26942,655
'66,551
r636,318
'295,547144,454'83,88143,162
'65,510
'279,418'169,154'25,703
'2,982
'2,38061
'677133
'123
'851'1,798-61
59,71182,17322,462
22,4627,559
14,903
2,526,4922,008,997
59,71117,9581,613
33,3966,745
82,1733,642
20,271
30,02516,681
7771432
11,063450.840
6.543
2,343.9349.8198.5
1,795.5
9.00
6.00
'8.90'8.98
7.387.53
7.01
6.500
638,572
298,789143,75184,23942,79365,340
641,752
300,108144,74884,67943,45065,054
281,834172,00125,498
5,434
4,561294798287
-456
2,4162,847
205
99,34889,8569,4929492
11,391-20,883
2,555,0862,020,388
99,34846,23418,347
27,9676,800
89,8562,552
24,572
35,00530,213
8632,130
451.332
7.037
9.29
6.00
8.808.98
7.777.90
7.19
6.730
:::::::::::::::
:::
::::::::::::::::
437.633
7.146
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-15Unless otherwise stated in footnotes
below, data through 1986 and IT .,methodological notes are as shown in Units
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
FINANCE-Continued
MONETARY STATISTICSCurrency in circulation (end of period) bil. $Money stock measures and components (averages
of daily figures): tMeasures (not seasonally adjusted): t
Ml bil $M2 doM3 doL (M3 plus other liquid assets) do
Components (not seasonally adjusted):Currency doDemand deposits doOther checkable deposits $$ do....Overnight RP's and Eurodol-
lars <S.... .. doGeneral purpose and broker/dealer
money market funds doMoney market deposit accounts do....Savings deposits doSmall time deposits @ doLarge time deposits @ do
Measures (seasonally adjusted): iMl .! doM2 doM3 doL (M3 plus other liquid assets) do....
Components (seasonally adjusted):Currency doDemand deposits doOther checkable deposits tt doSavings deposits... doSmall time deposits @ doLarge time deposits @ do
PROFITS AND DIVIDENDS (QTRLY.)Manufacturing corps. (Bureau of the Census):
Net profit after taxes, all manu-facturing mil. $..Food and kindred products.... do. ..Textile mill products do ...Paper and allied products do....Chemicals and allied products do....Petroleum and coal products doStone, clay, and glass products doPrimary nonferrous metal doPrimary iron and steel doFabricated metal products doMachinery (except electrical) do....Electrical and electronic equipment do ....Transportation equipment (except motor
vehicles and equipment) mil. $..Motor vehicles and equipment doAll other manufacturing in-
dustries doDividends paid (cash), all manu-
facturing do
SECURITIES ISSUEDSecurities and Exchange Commission:
Estimated gross proceeds, total mil. $..By type of security:
Bonds and notes, corporate.. doCommon stock... doPreferred stock do ....
By type of issuer:Corporate, total # mil $
Manufacturing doExtractive doPublic utility doTransportation do ...Communication doFinancial and real estate.. .. do
State and municipal issues (Bond Buyer): §Long-term do ....Short-term do
SECURITY MARKETS
Stock Market Customer FinancingMargin credit at broker-dealers, end of year
or month .. . .. ... mil $Free credit balances at brokers, end of year
or month:Margin-account . . ..doCash-account do .
BondsPrices:
Standard & Poor's Corporation, domesticmunicipal (15 bonds) dol. per $100 bond-
Sales:New York Stock Exchange, exclusive of some
stopped sales, face value, total mil. $..
2120
2687 23384640223
174428102051
718
19635440328887934469
831211329217063,280
12,90088232 120
7603372323265517,619
3,2618363
14 586
46044
r245,396
172 002r57 73911 553
r241 294r43 604
r4667r25 128
r482414 534
124 200
142 54420 111
36840
488019000
65.1
10.464.10
2302
74402861 8
r3 586 7r4 240 8
188829432540
794
21385518407786534596
1 115,5991 15,627
1 1,8911 5,520
1 16,5591 10 900'291171 077'1356'4427
1 10 2031 9,570
1 4,6771 10 647
1 20 234
' 49 512
'268,682
185 344r65 75411475
r262 57345904r7 954
19 8936,5497 319
146 093
98,67315486
31 990
475015,640
62.7
9.726.24
2152
74442850 1357624229 1
188629442543
749
21065551417 384784570
742128517
r3 580 2r4 232.4
187829332543413185214586
315033849
3761,3214,0054435
84169
402123831032457
1,2123318
4877
12684
19,847
12 8945999
954
198473187
6641961
546786
10310
111732005
38420
368015,405
61.2
790.99
74682 862 6
r3 585 74*226 6
190529432543
756
21065494420585964565
743628582
r3 587 7r4 235 2
189029232556415585914602
17,437
123184277
642
172372319
3631 2841 267
18610407
77182391
40250
409515930
61.6
793.38
745028682360284 2506
190929072556
798
2131545041858668461 7
746528695360554 257.8
190229212572417886594624
16,860
120444295
521
168601 731
961 035
271618
11377
69402272
41 640
424016,195
61.1
720.53
2168
745228760
T3 618 442786
190928932575
835
21635405417 387324659
7475288093,620 54,283 5
191 429052586418687214653
332523869
547158656143829
976526356
1 41127862544
1,2332034
5 941
13564
24,777
17 5925 140
946
236783962
3451 522
1191
16264
5744491
44 170
427015895
58.0
873.52
7537289533*642043125
192629572585
860
21825339417 88856473 i
7562289473,642 04,312 2
193 129592603417088334723
11,987
7 0403840'l61
11 0412485
374374152857
6249
66441 216
38250
841518455
55.0
962.45
75602900 136640
r4 333 0
195929412593
797
2197527741329038481 3
75272896636567
r4 323 2
195029132595415090174805
10,245
7 2322552
163
994797436157615049
5931
84941 854
34 180
670015360
59.8
642.17
2302
7659291483 677 7
r4 342 0
199429852616
78 1
221 15252410 091464854
75082 901 13661143239
196528802593414391314847
261274982
5271 4952666
185435203250
1 26236131970
1,1592378
5372
12498
20,439
139745245'l22
19 3411*734
5332831
4041 6688084
7 685626
31 990
475015640
60.5
729.81
76472937 33699343794
197 129582652
828
22505241411 2929 54850
758829250368684 360.7
198428992633414492464829
20,174
1576927141242
197252946'802492
160
12905
5410405
31 320
467515270
61.8
634.54
74502933437080
r4 387 5
197227912618r780
2310522641229445491 1
759 52,946 03,719 54,392 0
199328782650416294154897
23,196
153036782'261
223462000' 87
1 429760o
16842
8003630
31 990
455514695
63.7
688.14
2271
752 1r2 958 8r3 737 544170
199 2279.9266.1
748
23495247418695374938
r7629r296743744.4
r4 418.5
200 928792669419 895354915
369244548
3881,7446,3784996
94802369
1 481
3 0172,734
1,2743313
5786
12234
'20,843
16 532
3420625
r20 5771595
1891814r589488
13754
10200355
32660
461514,355
61.8
688.44
r778329993
r3 771 9r4 461 2
201 6r292.0277.8
766
2361r52334246960 5491 3
r770 12,99173,767.0
r4;460.8
2025r2902270 1
r42279648
r4929
17,727
14 571r2 667
T241
17 479r3793
r3151515
r250r243
10 096
61803017
33270
4,39513,965
61.0
612.76
r7638r2 989 4r3 768 2r4 471 8
2036r282.9270.1
r809
232.7r5196r428 3964 2
r4957
r7702r3 003 3r3,780.7r4,489.2
2036r2874r271 9r42519720
r4959
12,692
8412
3345285
120421435
2191062
36540
8122
7222847
33070
438014,150
60.4
648.40
r7788r3 014 3r3 795 94,498 9
2058r291.0r274.4
r799
229.8r522.3r4333r9700r4996
r7765r3,016.4r3,800.64,502.3
2049r2899T274 4r4290r9749r5015
13,283r2761
32300
4,58014,460
61.4
675.53
78563028538150
2079292.7276.8
761
230.4521.0436997845047
782.43,024.03,817.6
206329062783431.7977.85090
6,767620
31 770
4,48514,340
61.4
542.87
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-16 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and I T . f omethodological notes are as shown in L)nits
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
FINANCE—Continued
Bonds— ContinuedYields:
Domestic corporate (Moody's) percent..By rating:
Aaa doAa . doA doBaa .. .. do
By group:Industrials . .. doPublic utilities . doRailroads . . do
Domestic municipal:Bond Buyer (20 bonds) do....Standard & Poor's Corp. (15
bonds) doU.S. Treasury bonds, taxable $ do....
StocksPrices:
Dow Jones averages (65 stocks)Industrial (30 stocks)Public utility (15 stocks)Transportation (20 stocks)
Standard & Poor's Corporation: §Combined index (500 Stocks) 1941-43=10..
Industrial, total (400 Stocks) # do....Capital goods doConsumer goods . . . do
Utilities (40 Stocks) do....Transportation (20 Stocks) 1982=100...
Railroads 1941-43= 10 ..Financial (40 Stocks) 1970=10..
Money center banks 1941-43=10..Major regional banks do ....Property-Casualty Insurance do ....
N.Y. Stock Exchange common stock indexes:Composite 12/31/65—50
Industrial doTransportation do..Utility doFinance do
NASDAQ over-the-counter price indexes:Composite 2/5/71— 100 ..
Industrial doInsurance . . . . doBank .. do
NASDAQ/NMS composite 7/10/84=100..Industrial do
Yields (Standard & Poor's Corp.):Composite (500 stocks) percent
Industrials (400 stocks) doUtilities (40 stocks) do.Transportation (20 stocks) do.Financial (40 stocks) do
Preferred stocks, 10 high-grade do ....Sales:
Total on all registered exchanges (SEC):Market value mil $Shares sold millions..
On New York Stock Exchange:Market value.. . mil $Shares sold (cleared or set-
tled) .. millions.New York Stock Exchange:
Exclusive of odd-lot stock sales(sales effected) .. millions
NASDAQ over-the-counter:Market value . .. mil $Shares sold millions
Shares listed, NYSE, end of period:Market value, all listed shares. bil. $.Number of shares listed millions..
9.71
902947995
1039
996946985
7.23
7 388.14
702501,792 76
1952478541
236.34262.162271426072107.65200.19141.7328.36
115.71114.4131267
13600155 841198771 36
147 20
36696367 2743057410 17156.1013803
348309654243322
. 8.76
1,705 12448,338
1 448 235
39150
35680
378 21628737
2,199 2659,620
9.91
938968999
1058
9839989 63
7.69
773864
84946227599
2017092919
286.83330.902882332377
112.70228.91166.9028.15
112.03109.5431150
1617019531140397430
14648
402744227242525464 95172.49161 06
3082626522203608.37
2 284 16663771
1 983 311
53038
47 801
498 30137 890
22163171,802
9.87
932965998
10 52
987987956
7.81
789863
895592,384 02
202991,014 02
301.38349.583048734321112.63247.20174.0529.55
125.53117.5631087
1695820661150397425
15273
42370450 9550773477 16181.14171 96
2922466642033398.31
171 0724622
147 990
3834
3 594
427523285
2 718 5566,810
9.92
942964
10001061
9821001952
7.73
7 838.70
924482 481 72
203381,044.15
310.09362.363157935373110.93256.09186.7029.44
122.72116.2731069
1742821412157487418
15225
429014560343674473 60183.4717408
2832366691 903 408.25
189 8965333
162 926
4386
3968
397503392
2 845 0168,246
10.14
9 67986
10201080
99410339 69
8.05
790897
974112 655 01
207981,081 73
329.36384.943366737896117.70268.34195.9631.45
128.94123.1132890
184 1822649164027820
16094
44839477 19461 37496 62192.17182 74
2692266 301 903 198.32
210 5185543
180 977
4 584
4063
449593 149
2 945 8868,660
10.64
10 18103510721131
10281100996
8.53
8369.58
936.342 570.80
198231 027.73
318.66372.493270436508114.98257.77191.6130.02
118.70116.7632385
1783921952158587613
15408
44280473 1045084494 26189.82181 31
2782336421973398.64
197 0134894
171 341
4067
3724
404243 115
2 885 0870,444
10.97
10 521074109811 62
106011321007
8.43
8849.61
821812,224 59
18868895.24
280.16323.132808430949111.73226.47165.8726.67
102.0699.93
30935
1571318986140957327
137 35
38505401 95413 18439 gg165.09154 08
3252786 602373938.99
267 7867 489
238 749
6408
6095
522134090
2 258 5471,165
10.54
10011027106311 23
102510821030
7.90
8098.99
716131,931 86
18249744.53
245.01280.112404127359106.49188.23143.4422.8984.1587.00
29015
1372116342117576986
11830
318 7531974363 2638431136.9212280
3 eg3 156952624 50
9.11
152 6495306
136 468
4 573
3 590
255502520
2 079 2071,540
10.59
10 111033106211 29
10 1810991008
7.86
8079.12
703601,910 07
1760572884
240.96277.682458727217102.36185.50146.4621.1276.4783.17
27019
13488162 191158567 39
111 47
31454318903459537887135.5112308
3713 187 192634839.08
142 6125263
124 179
4374
3927
269462973
2 216 3171,802
10.37
9881009104311 07
99810751004
7.51
7 588.82
722.211,947.35
182.18755.97
250.48288.362464727964106.13192.20150.0822.4178.2389.63
278.01
1405516847121207001
11940
339283444137555410 93146.3613297
3663147042574669.04
128 2304323
112 389
3643
3495
27 5772465
2 321 3372,952
9.89
940960994
1062
96710 11985
7.47
7 558.41
739.631,980 65
184.96790.14
258.13296.462496829204110.67199.03153.5223.2783.3994.09
28337
145 1317344126097289
12436
35358354624000543503152.6913597
356307673244449
9.02
140 0334641
123 996
3981
3694
27 6092502
2 411 6273,025
9.86
9399 59989
1057
96110 11991
7.90
7 808.61
766.552,044.31
177.68861.33
265.74308.042584730552107.24212.88162.4423.3084.7695.74
27633
1498818157135.1571 16
12527
375.5438634404 1744607162.3414952
3482966992344519.07
158 8785471
144 622
4791
4052
387293158
2 346 2373,517
10.15
967986
10171090
97610531008
7.77
7 918.91
759.102,036.13
171.40853.73
262.61305.782551930169104.12209.54160.1722.3882.5096.44
25831
148461808813343r6940121 67
37724387 544004244776163.0514952
3573027302464789.19
141 2034429
123 459
3714
3261
288872381
2 369 7173,911
10.37
990101010411104
9.9710.7510.03
7.87
8019.24
739.311,988.91
169.30820.24
256.12297.3924632286.71103.11197.57148.2322.2884.2499.23
256.05
144.94176.02127.63r686512035
371.883827239232441.27160.6514802
3.803.267.442.644709.25
1154813,927
100 894
3,297
3232
252922468
2,359.1474,360
10.36
986101310421100
9.9910.7110.04
7.74
7869.04
784.202,104.94
180.02873.11
270.68312.7826521305.51109.86211.33160.4424.4697.54
107.94274.56
15272184.92136.027225
12904
386.44400913980945095167.1615529
3583.086.962.434249.32
4307
332963,115
2,456.5174,688
10.47
996102610551111
9.9810.9610.06
7.76
7879.20
785.262,104.22
178.71881.17
269.05310.8726293302.22108.49210.37157.7224.5597.37
108.85270.45
152.12184.09136.497150
12999
391.404056239852
169.2115697
9.33
3338
290542,614
2,439.6575,267
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTSExports (mdse.), incl. reexports,
total @ mil. $Seasonally adjusted t do....
By geographic regions:Africa doAsia doAustralia and Oceania ...do....Europe do ...Northern North America do....Southern North America do....South America do....
By leading countries:Africa:
Egypt doRepublic of South Africa do....
Asia; Australia and Oceania:Australia, including New
Guinea do ....Japan . . do
227,158.5
5978264 531 86,658.5
63,631 255,513 719,126.311,949.8
1 981 81,158.3
5,602.526 881 6
254,121.9
6283473 267 56,525.9
71 917 259,817 621,941 513,036.1
2 21031,281.2
5,545.728 248 6
21,636.721 107 5
584757028
554.7578305,606.11,845.11,045.8
217 1103.1
473.222930
21,379.022 432 9
60696333 5
557.253785471521 942.71,467.5
266789.3
472.42561 3
20,079.120 884 1
471 96 531 9
622.55524 4416601,789 71,1106
126 1121.8
520.626579
21,183.721 810 3
45026 171 9
525.7590284 844.91 931.51,149.8
83 6111.4
437.92 424 3
22,777.822 074 8
467 162344
539.161336527331,875 81,214 7
129 61097
44892 392 4
23,278.723 094 9
58547 1254
591.96671555123208971,213.0
163 01300
50952 637 7
24,314.424 152 5
50557981 6
540.4696095541 1193791,327 7
117 61319
46253 001 3
22,990.124 488 2
49206889 1
498.666507
174 81156
26680
24,138.624 518 3
50927 111 6
515.87 2597
12771081
2 937 0
29,105.726 877 0
57798871 3
602.990397
11921618
3 232 3
26,334.926 028 6
69088247 7
569.07 9619
16591089
3 0159
r28,142.6r27 478 4
573879099
627.080494
16871489
2 932 1
27,384.826 811 8
741 287552
691.075292
33051423
3 416 8
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-17Unless otherwise stated in footnotes
below, data through 1986 and n -tmethodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS-ContinuedExports (mdse.), incl. reexports— Continued
Europe:France. mil $German Democratic Republic do....Federal Republic of Germany do....Italy doUnion of Soviet Socialist Re-
publics doUnited Kingdom do
North and South America:Canada doLatin American Republics,
total # .... doBrazil . doMexico ... doVenezuela. do
Exports of U.S. merchandise total @ doAgricultural products, total do....Nonagricultural products, total do....By commodity groups and principal
commodities:Food and live animals # mil. $..Beverages and tobacco do....Crude materials, inedible, exc.
fuels # doMineral fuels lubricants etc # doOils and fats, animal and vege-
table doChemicals.; doManufactured goods # do ....Machinery and transport equipment,
total mil $Machinery, total # do....Transport equipment, total ,...do ....
Motor vehicles and parts do
VALUE OF IMPORTSGeneral imports, total @ do
Seasonally adjusted t • doBy geographic regions:
Africa .... doAsia doAustralia and Oceania doEurope doNorthern North America do....Southern North America do ....South America.. do
By leading countries:Africa:
Egypt doRepublic of South Africa do ....
Asia; Australia and Oceania:Australia, including New
Guinea mil $Japan do
Europe:France doGerman Democratic Republic ....do....Federal Republic of Germany do....Italy doUnion of Soviet Socialist Re-
publics doUnited Kingdom.. .... do
North and South America:Canada . doLatin American Republics,
total # do....Brazil do ....Mexico doVenezuela... .. . do
By commodity groups and principalcommodities:
Agricultural products, total mil. $..Nonagricultural products, total doFood and live animals # do ....Beverages and tobacco doCrude materials, inedible, exc.
fuels # doMineral fuels, lubricants, etc do ....
Petroleum and products . doOils and fats, animal and vege-
table .. doChemicals doManufactured goods # doMachinery and transport
equipment ... doMachinery, total # do....Transport equipment do ....
Motor vehicles and parts do ...
7 2159679
10 560.548383
1247511 4182
55 511 6
27 968 038853
12 391 63 141 0
216 230 526,061.0
190,494.2
17,302.62,920.2
17 323 88 1145
1 014922 765 814,005.0
95 289 560,396.834,892.718 575 0
365 437 7
10 348 1153 869 1
3717091 826 068,259.023,465.018 477 2
111 52,364.5
2676681 911 1
10 128 686.5
25,123.710 607 4
558215 396 0
68 252 6
39,541.26,812.9
17 301 75096 7
21 284 4348 676 9
20,802.53 866 1
10 431 537,309.934 140 4
515915 000 748 825 9
161 561 687,548.674,013.066 572 4
7 943 2' 53 9
11,747 755297
1 479814 113 9
59 814 3
31 574 440399
14 582 235860
245 115 028,636.2
215,222.7
19,178.83,666.7
20 416 37 713 1
981 426 380 917,136.1
108 596 069,637.038,959.020 878 8
406 241 0
11 939 4174 452 3
4 135 997 418 771,093.526,497.920 362 8
46491,345.5
3029 584 575 0
10 730 2854
27,069.311 039 6
424717 341 3
71 085 0
44,370.97,865.4
20 270 85579 0
20,686 9385 213 7
20,547 14 1049
11 525744,219.541 529 4
568 116 213 453 356 3
177 808 799,432.978,375.870,763 8
68254.5
894.8517 4
13551 1530
56057
263962883
1 2436295 1
20 806 52,070.7
18,225.2
1,502.1268.7
159336539
754228121,506.9
907865,853.23,225.520453
35 358 034 418 1
1090615 197 0
3900833826,101.52,416.017330
63 5103.3
26207 3326
94266.2
2,331.7950 0
4301 3867
6 1008
3,925.4689.6
1 83834908
1798033 468 4
1,868.43286
97253,894.637737
3281 318845787
15 533 18,366.57,166.66,370.7
583921
83933697
200810442
47150
3001 66185
1 2255344 5
20 683 12,385.7
17,926.9
1,785.6276.5
1 613 66049
8932 178 11,370.0
874505,516.83,228.21 3440
35 809 934,625 4
1 3494160543
3757878545,322 42,20821 7488
846121.3
267 57 340 5
1 067 473
2,244.91 111 1
4031 564 5
5321 9
3,737.4658.0
1 65335244
1 686734 157 4
17249338 5
969 14593343480
5621 352247226
14 796 68,456.06,340.55,620 2
610614
8869387 4
14401 1234
4 1658
263903062
1 1928333 2
19 360 72,134.8
17,369.0
1,706.3283.7
168836747
994235771,450.7
8253 55,648.92,604.613678
33 826 234 492 3
1 304815 785 4
406776273506972 167.81 958 1
640134.9
30007 2424
871 982
2,109.71 000 4
3641 3526
50690
. 3,882.9777.0
1 6309'575*2
1573532 746 31 629 3
3090
96294 581.74391 1
4681 319345385
14 041 08,332.85,708.15 118.4
649257
9772423 6
6421 1716
4 844 7
2839 13983
1 32773185
20 413 82,334.0
17,881.7
1,681.4284.1
167066586
1064221771,457.4
9478 56,067.73,410.817779
33 667 534 582 4
1 009414 874 8
38617308160947224611 653 2
47 187.8
294567809
792978
1,889.8723 6
3621 441 0
60947
3,678.0682.8
1 724 44288
1577131 995 5
1,628 73150
1 02943,829 73 617 5
4831 309344622
14 216 38,555.25,661.25,084 3
728 11.2
1 064.7441 4
5431 213 5
5273 l
278533877
1 2582317 3
21 979 72,676.1
18,277.9
1,766.1320.2
18321630 1
862207551,430.0
9210 16,134.53,075.618129
38 075 635 966 5
1 019816 509 9
32218800565733242662061 8
324113.1
246779320
1 036393
2,306.71 019 5
3461 551 1
6 5730
4,275.1821.4
1 871 45320
1 810635 903 518169
425 1
1 002 14240240065
61 51 384048290
16 490 39,372.07,118.363288
735876
10912491 8
104812661
5511 8
299494003
1 414 63429
22 434 22,825.3
20,129.0
1,684.8377.2
20517660 1
97 4227521,545.4
10 622 36,775.23,847.02 178 5
35 210 9353161
1 156014 602 8
29388681 1672392266817498
420127.5
23447 1790
969 066
2,482.1964 5
51 71 4799
6723 1
3,830.7722.0
1 783 34264
1 710633 763 71 6465
421 6
1 015 13 940 236933
72 11 42494 632 1
15 898 68,773.67,125.06 544 9
824 53.2
1 128.5541 4
260312705
55408
291383714
1 282 1411 9
23 448 62,958.6
20,977.0
1,783.3421.9
215348168
107 9240571,576.9
10 388 36,700.13,688.21 782 7
35 758 736 586 4
1088914 933 7
301 19123261278220521 6637
555130.5
221 57 472 2
1 008062
2,546.2960 9
4571 657 5
6 1268
3,675.0715.5
1 707 4408 1
1 701 133 742 416658
3186
1 03033611532655
5521 568 84 5824
16 294 09,109.17,184.963169
811 1
1,086.1504 1
26381 279 9
49126
262393406
1 21553128
22 106 92,876.7
18,569.8
1,735.5375.7
192965600
679228701,498.9
9441 46,431.73,009.717299
32 995 134 257 6
955914 314 4
467174583
98107.8
63539
861 5
2,090.1860 2
4941 1544
59928
3,825.0791.6
1 74634449
1888131 329 618401
2868
97673,575 6
5501 526246850
14 131 88,013.56,118.3
8158
1 141.8483 6
328014657
5 1758
272853048
1 35972954
23 304 93,156.2
19,569.4
1,874.1348.9
2 209 65480
151 6244461,685.1
10 107 96,515.93,592.02 110 6
35 569 037 729 0
915815 374 9
430982001
292125.1
7 1864
9549
2,162.89707
4551 4635
6598 1
4,075.9741.1
19820416 1
1 935 033 882 718384
3188
1 050 537951
61 91 646 34 901 4
15 693 89,116.86,577.0
9909
1,407.06430
308917684
6 178 1
334933407
167833891
28 138 03,326.9
24,676.7
2,142.0383.4
230686452
153 72 933 11,948.9
12 743 17,993.44,749.7
37 030 036 643 7
894514 802 2
428793294
255128.7
74808
1 0883
2,513.21 0603
7061 6498
7 2727
4,173.4728.6
200494036
1946235 165 6
1,868 63057
1 19923 190 3
5581 866 25 325 7
16 859 69,862.46,997.2
8307
1,247.86269
341.81,486.1
5 796 1
296673680
14828334,3
25 311 33,054.0
22,443.3
2,026.3382.1
2,135 8678 4
1175264621,781.2
11 18247,079.34,103.1
35,026.934,825.0
854814,489 5
387.48,163.3
174110.3
71830
8958
2,154.6893 5
2891 5460
6 830 7
3,923.3763.0
17992435 1
1,715.033 086 81,628.5
3180
1 098 13,280.6
5261 649 148509
16 027 88,988.97,038.9
7823
1,229.95734
313.11,605.8
62554
350715107
178913506
r26,979 52,970.6
23,134.7
2,201.5389.8
2,021 97286
10652 645 71,949.1
11 814 77,330.94,483.8
r36,146.9r35,731.7
1,028 014,740.2
415.68,676.7
128128.9
6,785 6
1 1491
2,158.88937
39 215497
72418
4,155.1746.9
1 97885491
1,662 534 790 9
1,633.43239
1 15033,864.6
51 51 647 45,257 5
16 107 39,169.26,938,1
8232
1,262.6591.7
151.01,618.3
61241
3,243 83146
173763530
26,302.02,675.8
23,626.2
1,954.6359.9
2,128.07533
15612,815.21,969.0
11 327 07,353.13,973.9
38,446.337,807.6
929.316,145.3
466.99,069.3
126126.0
7,537.6
12818
2,212.51 033 1
28315515
74701
4,160.8754.4
2 11664295
1,599.536 846 81,530.8
3407
1 16563,490.5
600171665,3883
17 391 010,188.17,202.9
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-18 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and ,, .,methodological notes are as shown in uniis
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
FOREIGN TRADE OF THE UNITED STATES—Continued
IndexesExports (U.S. mdse., excl. military grant-aid):
Unit value @ 1977-100..Quantity.. ... doValue do
General imports:Unit value @ doQuantity doValue do
Shipping Weight and ValueWaterborne trade:
Exports (incl. reexports):Shipping weight thous. sh. tonsValue mil $
General imports:Shipping weight... . thous sh tonsValue mil. $..
155411261750
154016492539
32841987946
450 214217,781
15861270201 4
164616922785
357 28799 Oil
471 693245,030
157912692004
165217572903
301647886
4096621,436
1600123 11970
168017572952
316278330
4301822,025
159912281964
169716662826
301548593
4374221,418
163912552057
170816192765
303488040
3857219,229
1614127 1205 1
169318343106
305168366
4049121,902
160614262290
169717212921
299869230
41 46620,495
1590147 12340
168817292919
353069887
3871420,617
163413072136
168716212735
282468801
3928019,811
161314242296
170417312949
16261730281 2
171517823056
165.415402547
172216642866
170.215262597
1763170.3300.2
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air CarriersCertificated route carriers:
Passenger-miles (revenue) bilPassenger-load factor percent..
Ton-miles (revenue), total mil..Operating revenues (quarterly) # § mil. $ ..
Passenger revenues do....Cargo revenues . . doMail revenues do
Operating expenses (quarterly) § do....Net income after taxes (quarterly) § .do....
Domestic operations:Passenger-miles (revenue) bil..Cargo ton-miles milMail ton-miles doOperating revenues (quarterly) § mil. $ ..Operating expenses (quarterly) § do....Net income after taxes (quarterly) § do....
International operations:Passenger-miles (revenue) bil..Cargo ton-miles . milMail ton-miles ....do....Operating revenues (quarterly) § mil. $ ..Operating expenses (quarterly) § do....Net income after taxes (quarterly) §. do....
Urban Transit SystemsPassengers carried, total * mil..
Motor CarriersCarriers of property, large, class I, qtrly.:
Number of reporting carriersOperating revenues, total mil. $..Net income, after extraordinary and prior
period charges and credits mil $Tonnage hauled (revenue), common and
contract carrier service mil. tons ..Freight carried— volume indexes, class I and II
intercity truck tonnage (ATA):Common carriers of general freight,
seas, adj 1967=100..
Class I Railroads tFinancial operations, quarterly (AAR),
excluding Amtrak:Operating revenues, total # mil. $..
Freight doPassenger, exCl. Amtrak do....
Operating expenses doNet railway operating income do....Ordinary income t do....
Traffic:Revenue ton-miles, qtrly. (AAR) bil.,Price index for railroad freight 12/84=100 ..
Travel
Restaurant sales index.... same month 1967 = 100..Hotels: Average room sale 6 dollars..
Rooms occupied % of total..Motor hotels: Average room sale ^ dollars ..
Rooms occupied % of total..Economy hotels: Average room
sale Q dollarsRooms occupied % of total-
Foreign travel:U.S. citizens: Arrivals (quarterly) thous ..
Departures (quarterly) do....Aliens: Arrivals (quarterly) do....
Departures (quarterly) do...Passports issued do
National parks, recreation visits ## do...
366.5560.3
45,68150,08639,608
5,624833
48,855c 205
302.093,9901,247
'41,04339,983c 108
64.443,346
433
8,6268,461-108
9,009
10018,480
548
166
148.0
'25,957'25,098
110
'24,6521,168
733
867.7100.8
2 21973.61
6648.07
62
31.1363
15,34314,35710,2658,8184,109
52,749
'404.3162.4
50,451'56,699'44,883
6,395924
'54,262'459
'324.484,3391,312
'45,468'43,756
'57
79.83'3,921
443
'10,907'10,214
'302
10018,772
263
179
163.9
26,62325,798
95
23,8811,7521,989
939.7100.1
2 22382.58
6847.79
62
32.8764
'17,005'16,425'11,639' 10,239
4,87255,782
36.2565.4
4,441
14,06411,2711,553
21413,028
479
28.49359100
11,37010,545
355
7.7623130
2,6652,456
109
751
1004,673
105
44
162.0
6,6256,423
24
5,733572556
r230.6100.2
24379.40
6946.95
67
32.1873
4,4834,1914,5944,008
536
7,390
39.9168.4
4,839
30.80367101
9.1134634
723
161.7
100.1
23275.09
6847.85
71
33.9576
49510,004
41.5171.0
4,992
31.79374
99
9.7033434
721
163.6
100.3
20877.52
7048.18
71
33.5578
372
10,050
31.5858.6
4,012
15,33812,3141637
22114,152
615
24.21381102
11,93411,202
262
7.3733933
3,3312,882
305
731
1004,859
60
45
168.5
6,7126,513
22
6,415239299
242.3100.1
22083.10
6847.17
40
33.1963
5,2854,87237923,327
333
6,349
32.6359.6
4,210
25.73414112
6.9038337
170.9
100.2
24386.16
7347.45
63
33.0464
300
5,114
29.8757.7
3,906
24.27387103
5.6038544
176.2
100.2
20983.58
6646.23
54
32.1055
276
2,383
31.6058.1
4,111
1441811,2621 738
27314,321
374
25.57385161
11 61611,498
205
6.02348
57
2,7012,739
160
1004,909
52
48
173.4
6,8406,632
205,982
538690
2487100.1
23281.50
5245.86
46
31.8841
3,6923,8202,7862,539
304
1,395
30.4555.8
3,861
24.09354111
6.3631635
175.0
103.2
17886.64
5747.11
54
32.8052
3 1,4643 1,176
3 8923 891326
1,407
29.7157.5
3,803
24.36355105
5.3433834
171.0
103.2
21788.17
6345.78
60
41.8756
3 1,1633 1,120
3 8073710378
1,563
36.1964.4
4,585
29.47419121
6.7238839
175.3
6,8686666
21
6,034569523
247.2103.2
24189.27
7248.88
72
36.1071
3 1,4013 1,3543 1,029
3 794467
2,272
34.0262.5
4,305
27.20391111
6.8236437
174.9
3 94.5105.2
23385.37
7046.35
68
50.3068
3 1,4183 1,296
3 9673911432
r2,924
178.4
377.2105.1
408r4,668
"184.5
375.3104.8
421r7,771
ibl2
335
10,247
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-19Unless otherwise stated in footnotes
below, data through 1986 and 1T Hmethodological notes are as shown in unu
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
TRANSPORTATION AND COMMUNICATION-Continued
COMMUNICATIONTelephone carriers: £>
Operating revenues # mil $Station revenues doTolls message do
Operating expenses (excluding taxes) doNet operating income (after taxes) doAccess lines mil ..
73,89731,2188,536
48,55313,140
74,65731,6699,171
50,38413,370
18,6067,8822,293
12,441'3,876111.1
18,83279742,347
12,8233,372112.4
18,9007,9532,312
13,1393,164113.2
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic ChemicalsProduction:
Aluminum sulfate, commercial (17% A12O3) $thous. sh. tons ..
Chlorine gas (100% C12) $ do....Hydrochloric acid (100% HC1) $ do....Phosphorus elemental $ doSodium hydroxide (100% NaOH) $ doSodium silicate anhydrous $ doSodium sulfate, anhydrous $ . ... .doSodium tripolyphosphate
(100% NasPaOio) i doTitanium dioxide (composite and
pure) $ doSulfur, native (Frasch) and recovered:
Production thous met tonsStocks (producers') end of period do....
Inorganic Fertilizer MaterialsProduction:
Ammonia, synthetic anhydrous $thous. sh. tons ..
Ammonium nitrate, original so-lution $ do
Ammonium sulfate $ doNitric acid (100% HNO3) $ doNitrogen solutions (100% N) $ doPhosphoric acid (100% P2O5) $.. do....Sulfuric acid (100% H2SO4) $ do....
Superphosphate and other phosphaticfertilizers (gross weight):
Production.... thous. sh. tons..Stocks end of period do
Potash, sales (K2O) do....Imports:
Ammonium sulfate doPotassium chloride do .,Sodium nitrate do ...,
Industrial Gases tProduction:
Hvdroeen fhich and low ouritv) doNitrogen (high and low purity) .do ....Oxygen (high and low purity) do....
Organic Chemicals §Production:
Acetylsalicylic acid (aspirin) mil. Ib.Ethyl acetate doFormaldehyde (37% HCHO) .....do...Glycerin, refined, all grades ....do...Methanol, synthetic.. . mil. gal .
ALCOHOLEthyl alcohol and spirits:
Stocks end of period doDenatured alcohol:
Consumption (withdrawals) doF " f el u e d
Stocks, end of period do...
1,22210,436
2,413364
10,691791811
617
931
9,8622,748
14,474
6,0892,0806,7342,2649,578
35,759
12,710775
5,521
561291
7,536118
5,034141,815617,386346,839
'30.51 198.1
1 5,549.4295.0
1 1,085.11 863.1
645.447.5
408.6444.6226.7
23.8
1,22310,9802,495
34311,518
948805
565
952
1 9,3632,316
16,161
6,4162,1837,1022,820
10,47338,750
15,674704
6,204
307285
7,290102
5,605163,659653,970390,067
'24.21 198.3
* 6,064.4276.4
1 1,098.21,035.2
729.543.4
442.3459.7207.5
9.7
10488020828
9097569
47
83
7832,662
1,312
498159569201780
2,962
1,140552592
2025
4586
43614,52552,90429,832
5.856.2
1,613.524.6
285.7272.6
56.644.6
36.941.018.26.0
10993621026
9677366
47
76
7932,659
1,269
461187521218809
3,102
1,198616226
1513
4737
43414,86452,95631,098
21.5
60.146.7
40.037.116.58.2
10995820627
1,0047470
43
83
7992,622
1,207
387182462166900
3,428
1,438615440
108
41613
41915,35754,14831,177
23.9
63.443.9
39.440.918.98.7
11995420128
9986775
46
79
7752,567
1,238
457179552188894
3,353
1,418539552
1216
690(2)
49014,02556,89735,693
3.450.7
1,548.524.0
296.3251 7
63.838.6
39.441.418.76.0
10994120032
1,0088968
46
77
7812,488
1,403
555181629232943
3,443
1,415671400
1520
4812
42012,94960,65337,531
25.9
63.034.3
37.639419.16.3
9596619827
1,0268567
50
85
7352,404
1,357
560187629245898
3,237
1,304832366
1410
5323
42212,16759,41736,487
23.9
60.641.7
31.830.211.87.2
10598520631
1,0368270
41
78
7872,316
1,450
594181663254967
3,578
1,337704577
1417
8566
43112,56660,22637,907
5.4443
1 552622.3
27802531
66.943.4
49.340.117.99.7
10290321430
9398560
41
83
7962,250
1,409
570181647251921
3,383
1,351750699
3064
698(2)
42012,40860,58738,064
24.0
62.647.7
36.534.814.810.2
10190722130
9465965
48
81
7542,133
1,304
577191639231958
3,325
1,370762422
2622
6927
41912,21258,89436,165
23.3
61.247.4
36.535.714.311.5
10797422630
1,0316369
54
86
8151,963
1,455
639200724253996
3,547
1,392581436
2744
91212
46411,82461,29838,611
6.8470
1,536.424.9
216.7270.4
64.236.4
44.045.818.511.4
10095323330
1,0226269
53
88
1111,894
1,475
635187698285
C9943,612
1,385620688
3542
95242
41812,15258,20537,465
24.2
60.739.5
36.940.819.07.6
108'910187'30
'851'5770
47
92
7791,750
1,513
622'210678281952
3,546
'1,277780536
2124
58919
37113,17660,24038,998
24.8
11890418430
8457668
49
88
7691,577
1,393
551172614222883
3,336
1,224688392
199
38010
22.0
I
::::::::::::::::
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-20 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and 1Tt.fmethodological notes are as shown in vmts
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June JuJy
CHEMICALS AND ALLIED PRODUCTS-Continued
PLASTICS AND RESIN MATERIALSProduction:
Phenolic resins mil IbPolyethylene and copolymers do....Polypropylene .... doPolystyrene and copolymers doPolyvinyl chloride and copolymers . do
PAINTS, VARNISH, AND LACQUER 0Total shipments mil $
Architectural coatings doProduct coatings (OEM) doSpecial purpose coatings do....
'1 813 51 15,983.0
1 6 256 51 7 078 41 1 283 6
94938401683578 11,898.8
(2)1 17,675.8'6633 5
(2)
7 9860
10 153 44205 1394592,002.4
4,234 91 5784
1 9909
940942933325179.2
914 141243098191.9
898539593197182.9
4,323 31 7432
1 9906
887 737583336178.3
904534283778183'.9
759 528583250148.7
4,515.21 754 1
20954
68872437306 1138.9
7597273 13420144'.5
831 03040366 1160.9
4,589.716686
20340
967 538403965187.0
979538973904199.5
1 043 9r4200r4048219.1
1075845644001219.2
ELECTRIC POWER AND GAS
ELECTRIC POWERProduction:
Electric utilities total mil kw -hrBy fuels doBy waterpower do
Sales to ultimate customers, total (EdisonElectric Institute) () mil kw -hr
Commercial § doIndustrial § doRailways and railroads doResidential or domestic doStreet and highway lighting doOther public authorities doInterdepartmental do
Revenue from sales to ultimate customers(Edison Electric Institute) <> mil $
GASOTotal utility gas, quarterly
(American Gas Association):Customers, end of period, total @ thous
Residential do ..Commercial do ....Industrial © doOther do
Sales to customers, total . . . tril BtuResidential do..Commercial doIndustrial doElectric generation doOther do
Revenue from sales to custom-ers, total mil. $..Residential doCommercial doIndustrial do .Electric generation do ....Other do ....
2 487 3102 196 465
290 844
2 355 311630 260817*396
4714820 826
14921620385 155
152 814
5096146,8183,915
17652
11126
438022382*8921 449
167
51,1942475011268105543,949
673
2 572 1272 322 432
249 695
2 440 477658 249846*876
4753849 273
14 73862*169
4*419
155 712
51797475763,994
17453
10 115
43502 1322 1581 306
169
44,828233901006572043,569
600
225 589204 72720863
578 038158 908211*040
1 122187 006
348215 275
1*204
36758
51 657
47 4184010
17654
202874738244941041
8914
43151 89514821069
153
247 915227 72120 195
247 645229 198
18446
213 008194 82818180
676 627186 440222 491
1 155244 803
3 594169961 149
45084
51174
47,0393,908
17552
1 478
38125445336228
623724611 2001 4541035
87
203 009185 05417955
200 258183 40116857
220 500199 41321 087
589 616159 110214 111
1202195 168
3771152361 018
36977
51797475763994
17453
27981246
60161429246
12329652228002050
796161
237 586215 37122214
216 813197 64819165
213 838194 32419514
638 859166 780211 402
1304238,639
375516098
881
39,012
5272048,357
4,13317554
40842,192
982640211
60
18,2381077945102,160
581208
195 818176 71719 102
208 144186 91321230
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGESBeer:
Production mil bblTaxable withdrawals . doStocks, end of period do
Distilled spirits (total):Production mil tax galConsumption, apparent, for beverage
purposes t mil. wine gal-Stocks, end of period mil tax galImports mil proof gal
Whisky:Production ..mil. tax galStocks, end of period do....Imports mil proof gal
Wines and distilling materials:Effervescent wines:
Production mil wine galTaxable withdrawals doStocks, end of period doImports do
Still wines:Production doTaxable withdrawals doStocks, end of period do....Imports do
Distilling materials produced atwineries do ....
196 50178721342
8570
394225007210359
504443363
67 68
3086302315961430
4823444814598749031
14317
195 42177851294
76 51
387734550010689
3833393727092
2787r30 1214991387
r441 66r452 49601638242
14590
18 5816621542
5 86
333551208
774
34241991
482
1 74236
161381
5 134034
45385689
353
18 0917 041474
4 74
30 1847779
7 40
29341775
4 50
250138
17 8488
7583937
398927 37
377
16 81158214 17
4 21
290047348
850
2 14414 17
584
3 03129
169596
96153611
447.59603
2788
15 8214311420
6 52
31 1146986
825
1 7740883
547
286340
1872105
176153448
61761589
4261
15 50144713 66
9 24
31 09464201057
234402 15
7 01
331437
1372196
78803626
61766804
2479
13 1812581285
672
37 56543 571279
301398 12
860
280438
1617245
25703460
59820772
437
13 6912321294
4 41
481945500
696
20239372
420
230344
1499123
247837 11
60163580
679
15 8013801347
480
251244963
771
1 7938931
497
1 78213
153660
6233502
58692478
760
15 8513941385
650
448 14622
25338647
367
248124
165072
4613184
53939498
1098
17 1215261412
743
44643753
40638478
500
166151
164694
5143847
501 19611
221
1773152415.13
787
445 147 12
44638408
434
226136
172972
3844049
542.89538
310
1831164815.25
758
4 85
136191
175786
4884165
470.22569
3.50
681
427
.78
568
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-21Unless otherwise stated in footnotes
below, data through 1986 and .. .,methodological notes are as shown in unils
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTSButter:
Production (factory) .... mil IbStocks, cold storage, end of period do....Producer Price Index 1982-100
Cheese:Production (factory), total mil. Ib..
American, whole milk doStocks, cold storage, end of period do ....
American, whole milk doImports doPrice, wholesale, cheddar, single daisies
(Chicago) $ per IbCondensed and evaporated milk:
Production, case goods mil IbStocks, manufacturers', case goods, end of
period doExports do
Fluid milk:Production on farms t doUtilization in manufactured dairy
products . doPrice, wholesale, U.S. average $ per 100 Ib ..
Dry milk:Production:
Dry whole milk mil IbNonfat dry milk (human food) do
Stocks, manufacturers', end of period:Dry whole milk doNonfat dry milk (human food) do
Exports, whole and nonfat(human food) do
Price, manufacturers' average selling, nonfatdry milk (human food) $ per Ib
GRAIN AND GRAIN PRODUCTSExports (barley, corn, oats, rye,
wheat) mil. buBarley:
Production (crop estimate) ' doStocks (domestic), end of period total do
On farms doOff farms do
Exports, including malt § doProducer Price Index, No. 2 feed,
Minneapolis 1982—100Corn:
Production (crop estimate, grainonly) mil bu
Stocks (domestic), end of period, total do....On farms doOff farms do
Exports including meal and flour doProducer Price Index, No. 2, Chi-
cago 1982=100..Oats:
Production (crop estimate) mil. bu ..Stocks (domestic), end of period,
total doOn farms doOff farms do
Exports, including oatmeal .....do....Producer Price Index, No. 2, Minneapolis
1982=100..Rice:
Production (crop estimate) mil. bags # ..Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers mil. Ib..Shipments from mills, milled
rice doStocks, domestic, rough and cleaned (cleaned
basis), end of period mil IbExports doProducer Price Index, medium grain,
milled 1982= 100 ..Rye:
Production (crop estimate) mil buProducer Price Index, No. 2,
Minneapolis 1982=100 ..Wheat:
Production (crop estimate), total mil buSpring wheat doWinter wheat . . do
Distribution, quarterly @ doStocks (domestic), end of period, total do...,
On farms do....Off farms do ....
Exports, total, including flour do....Wheat only do
1 2024193.0983
5,209.327982
693.660173114
1 575
5844
45.0108
121 433
82,59612.50
12241 284 1
67579
4824
810
2,083 9
26105632486 199 36 125 6
759
746
28 249 97 10,305.5
7 6 795 573510010647
83.5
2 386.46 183 76147 2
63653.9
69.3
2 133 4
10,201
6537
3,0465 111
91.2
2195
57.0
2 2,0922 570
2 15222076
72,673.57 1,063.01,610.5
939.08837
1 104 1143.295.3
5,344.227167
457.1367.42649
(9)
5797
31.852
121,094
81,74012.54
14591 0590
80651
3878
793
2,920.4
2 5270633566 193 9614171430
J0857
27 064 179J68.576 100 073 668 51 6067
67.7
2 373.86 132 76 103 3
«2942.1
"92.5
2 127 7
9,651
7791
2,6895247
83.3
2197
54.7
2 2, 1052 542
2 15632294
7 2,505.37971.0
7 1,534.31,168.11 106.7
81 5237.9965
465.62459
659.05647184
542
8421 1
10475
735311.90
1231092
82834
270
795
2455
7
888
1199
74.5
.2
88.8
418
651
1 574254
76.7
51.3
124.61194
752211.21006
453.82353642.55471276
493
93.94
10393
7,11712.00
114995
73713
66 1
793
3047
77
862
1337
67.1
.1
85.1
271
634
1 330582
76.5
51.3
163.21570
664187.31003
426.02059606.65097249
477
100.93
10,138
6,49212.20
12.3804
63654
580
791
237.8
93
794
1 4,881.7'22845'2597 2
111 3
59.4
.2
89.8
775
875
1 057474
77.2
49.1
9402,988.51,168.01,820.5
117.01125
779176.2100.2
430.72018580.84853239
41 1
85.54
9718
6,41812.74
13.0657
57551
393
801
267.3
102
904
1352
64.8
.1
99.1
3,502
762
2639439
80.9
51.3
121.51180
91 2165.6935
448.6214 1538.04412293
500
6425
9931
650612.90
153647
64450
137
793
2579
17 1
95 1
137 7
68.3
.2
968
638
2678556
100.6
60.1
102.91004
87 9158.593 2
431.82074495.94034333
498
3483
9572
6,10812.90
128655
65451
157
783
2162
181
9,768 56 10003*6685
1225
73.1
.1
106.2
860
582
2698517
101.0
52.7
48825053
971.01,534.3
75.5690
1085143.2919
469.72326457.13674243
562
31.82
10,038
6,85112.70
12.4900
80651
137
780
278.9
161
91 4
1488
75.7
(5)
106.2
774
593
2689349
104.5
55.7
114.0109 8
1247157.3'889
432.82258452.83627198
442
40.21
10205
6,88112.50
136838
91569
219
744
2885
98
«893
1335
«73.3
.28 107.0
648
556
2614409
8 107.4
8 54.9
145.01379
117 1198.8886
428.82210445.93575171
416
51.86
9740
6,84712.30
134858
90635
120
738
2749
72
893
7,635.24421 032142
1237
80.8
.2
110.7
600
596
2496299
115.4
54.9
60119234
74801,175.4
143.81417
1164221.188.8
483.92446443.1354.1
16.9
530
59.72
10,647
7,55211.90
12.9958
66562
281
734
327.7
158
977
1639
80.2
.1
103.0
420
491
2310411
117.7
50.5
148.01473
1117239.888.8
473.1251.8453.3360.6
16.6
54.4
71.32
10,593
7,48911.60
15.71026
84708
153
.734
328.9
9.0
1066
1663
80.1
.2
94.3
278
400
2,145333
116.4
46.9
153.4151.6
1079282.588.8
490.22587460.1366.7
16.7
513
85.19
11,041
7,83211.40
16.7104 1
93741
296
735
63213619316 128 2
50
1024
3 5,833.03 3,240 63 2,592 4
1794
81.3
•111.967686351
.3
116.0
258
525
1,826486
120.5
53.5
4 1,266.24 520.0<746.2148.11461
91.7r294.7
90.7
474.4245.2
'481.8r382.4
20.0
54.5
94.36
10,480
7,59211.30
14.11046
106677
402
.740
274.1
12.4
1254
1329
102.4
.4
162.5
277
465
1,577278
117.5
93.8
128.41215
294.192.1
485.1376.7
10,513
"11.40
"287.7
122.8
"4,479.4
115.5
"206.3
159.8
"152.6
163
428
1,283
114.9
82.1
" 1,821"266
" 1,555
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-22 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
methodological notes are as shown in Units
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
GRAIN AND GRAIN PRODUCTS-ContinuedWheat— Continued
Producer Price Indexes:Hard red winter, No. 1, ord. protein (K.C.)
1982=100..Hard red spring, No. 1, ord. protein (Minn.)
1982=100..Wheat flour:
Production:Flour thous. sacks (100 lb.)..Millfeed thous. sh. tons ..
Grindings of wheat thous buStocks held by mills, end of period
thous. sacks (100 lb.)..Exports doProducer Price Index 6/83—100 ..
POULTRY AND EGGSPoultry:
Slaughter mil. lb..Stocks, cold storage (frozen), end of period,
total mil lbTurkeys do
Price, in Georgia producing area,live broilers $ per lb..
Eggs:Production on farms mil cases §Stocks, cold storage, end of period:
Shell thous cases §Frozen mil lb
Price, wholesale, large (delivered; Chicago)$ per doz..
LIVESTOCKCattle and calves:
Slaughter (federally inspected):Calves thous. animals-Cattle do
Prices, wholesale:Beef steers (Omaha) $ per 100 lbSteers, stocker and feeder
(Kansas City) doCalves, vealers (So. St. Paul) do....
Hogs:Slaughter (federally inspected) thous. animals..Prices:
Wholesale, average, all weights (Sioux City)$per lOOlb..
Hog-corn price ratio (bu. of corn equal invalue to 100 lb. live hog)
Sheep and lambs:Slaughter (federally inspected) thous. animals..Price, wholesale, lambs, average (Omaha)
$per lOOlb..
MEATSTotal meats (excluding lard):
Production mil lbStocks, cold storage, end of period do....Exports (meats and meat prep-
arations) doImports (meats and meat prep-
arations) doBeef and veal:
Production, total doStocks, cold storage, end of period doExports doImports doPrice, wholesale, beef, fresh steer carcasses,
choice (600-700 Ibs.)(Central U.S.) $ per lb
Lamb and mutton:Production, total mil lbStocks, cold storage, end of period do....
Pork (excluding lard):Production, total doStocks, cold storage, end of period do...Exports doImports doPrices:
Producer Price Index, Hams, smoked1982=100.
Fresh loins, 8-14 lb. average,wholesale (N.Y.) $ per lb.
MISCELLANEOUS FOOD PRODUCTSCocoa (cacao) beans, imports
(including shells)... . . . . thous. Ig tonsCoffee:
Imports, total thous. bags <>.From Brazil do
U.S. Import Price Index t 1985=100 .Fish:
Stocks, cold storage, end of period mil lb
73.4
72.5
326,3165,799
737,537
5,22823,741
91.4
18,039
369178
.325
190.0
2213
.681
3,19535,913
57.74
60.3859.92
77,290
50.73
26.1
5,464
67.54
39,050564
1,722
2,544
24,722318884
1,505
.890
33013
13,998197133928
102.0
1.285
201.5
19,4832,200132.5
340
70.6
68.8
338,4846,135
760,459
5,85826,367
89.7
19,882
501282
.265
193.0
4317
.579
2,67934,468
64.60
71.3278.92
78,913
47.11
33.6
5,042
75.77
38,442623
2,017
2,755
23,821293868
1,599
.972
3108
14,312285155
1,017
104.2
1.265
258.5
19,9063,928
81.6
421
67.1
66.5
28,461525
63,665
5,5812,23390.1
1,772
593382
.250
15.6
3217
.556
2142,945
68.83
70.2190.63
5,987
61.37
35.0
407
85.42
3,103499
167
268
1,99325769
168
1.057
2412
1,0861891089
100.4
1.460
10.2
2,181363
79.8
320
65.1
65.7
27,384499
61,729
2,63388.4
1,752
676473
.250
16.1
3417
.554
2203,009
65.80
71.2277.50
6,019
62.69
37.3
411
74.02
3,158516
177
277
2,05128376
178
.993
259
1,082181
987
103.4
1.395
10.6
1,717345
354
64.5
64.4
29,538529
65,710
1,90288.0
1,662
745560
.295
16.1
3217
.587
2022,972
64.50
75.3179.22
6,019
60.56
39.9
400
70.86
3,135496
178
244
2,03727371
149
.954
248
1,0751751084
103.1
1.429
14.0
1,481275
394
70.7
69.9
29,067522
65,188
5,2581,52890.1
1,807
842641
.255
15.8
3316
.648
2292,977
64.81
77.1080.25
6,855
55.19
36.4
459
67.14
3,331523
180
249
2,07529077
150
.969
287
1,2271861285
108.3
1.413
5.6
1,770523
76.9
421
72.1
72.6
31,068546
68,900
1,08191.3
1,850
841630
.230
16.5
5118
.555
2333,024
64.81
73.2182.50
7,519
49.28
31.3
446
66.00
3,521576
176
244
2,13431278
135
.968
287
1,359212
1694
113.2
1.218
22.1
2,631745
436
69.6
70.6
29,539526
66,152
2,77790.1
1,598
530322
.235
16.1
4017
.563
2112,640
64.20
74.9282.50
7,121
40.74
25.1
399
63.50
3,197614
191
191
1,8603098090
.953
25g
1,3122522286
113.1
1.019
23.9
1,246239
447
78.0
77.7
27,706494
61,925
5,8581,77990.0
1,694
501282
.220
16.7
4317
.521
2422,793
63.93
73.6983.00
7,583
41.56
23.4
439
72.44
3,378623
181
156
1,9602937265
.945
288
1,3902852280
117.7
1.042
43.9
1,056161
85.5
421
278.8276.5
26,199473
58,833
3,05791.2
1,618
526299
.245
16.6
6718
.512
2052,832
65.00
80.2686.88
6,803
44.59
24.3
380
78.17
3,242656
159
290
1,97531765
198
.972
248
1,244287
1477
2 101.8
1.245
27.0
1,175357
419
82.6
83.8
25,601460
57,590
88394.4
1,618
562335
.230
15.7
5318
.489
2032,679
68.31
81.6487.50
6,519
47.45
25.0
408
79.38
3,070693
153
238
1,86033260
134
.995
268
1,183308
1690
99.6
1.150
30.0
1,683373
395
75.1
75.5
26,498476
60,371
5,719273
'90.6
1,779
594353
.250
16.6
6714
.536
2162,812
71.53
83.1287.50
7,505
43.19
22.7
535
79.50
3,354716
165
280
1,95831768
168
1.035
357
1,360346
1597
99.6
1.098
26.7
1,426276
3928
372
79.1
79.6
25,660453
57,583
78293.5
1,648
628384
.255
15.7
1417
.479
1692,707
72.71
82.6196.41
6,929
42.28
22.3
388
0)
3,158758
179
247
1,87030972
154
1.052
268
1,2633962281
93.1
1.142
18.3
1,179315
381
76.8
81.6
'28,944r515
'64,858
83194.0
1,759
639422
.315
16.0
2120
.471
1712,830
75.15
78.9997.66
6,713
47.75
23.7
414
75.17
3,206720
191
230
1,94827873
135
1.117
278
1,2313892682
92.7
1.298
14.7
1,141233
367
93.6
104.0
28,257498
62,929
5,2262,941106.4
1,810
'674467
.340
15.3
3025
.528
2042,983
70.58
70.77100.88
6,715
48.26
19.5
413
58.80
3,317r669
198
276
2,058r25174
178
1.064
279
1,232r363
3785
91.8
1.315
21.0
832250
92.2
'384
93.9
97.9
106.0
704503
.425
15.8
2823
.698
2072,897
65.96
74.1477.50
6,199
45.60
15.3
387
57.55
3,170653
2,013254
.971
248
1,133338
91.4
1.259
"375
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-23Unless otherwise stated in footnotes
below, data through 1986 and .. ,fmethodological notes are as shown in vnna
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS-Cont.Sugar:
'
Producer Price Indexes:Raw (cane) 1982—100Refined do
TOBACCOLeaf:
Production (crop estimate) mil IbStocks, dealers' and manufacturers',
end of period doExports, incl. scrap and stems thous. Ib..Imports, incl. scrap and stems do .
Manufactured products:Consumption (withdrawals):
Cigarettes (small):Tax-exempt millionsTaxable .. do
Cigars (large), taxable . . . doExports, cigarettes do ....
454 3941 913
10491033
197 963
1 1,164
4979466,630457 658
74301583 020
290963,945
617 9471 275
11031064
170 616
rl 1 191
4471425,886489 861
111 200576 998
r2658100,246
34 37174
111 01068
12 421
4435
20,73238027
11 60861753
2819,026
52 906167
111 61072
12 838
19,40853,679
954737894
1818,965
27 60965
111 21071
13 538
15,65847,834
1013649814
2119,835
26 994139
11091074
11 207
445521,64030,372
1013650955
2459,695
3343187
11061071
15 569
28,09640,936
11 11048564
2419,639
32577128
11011071
12 562
53,73443,352
1048852556
2038,996
4078751
10971065
11 480
4471
64,84233,135
951148508
2098,985
11 43578
4 109 74 105.714377
72,02233,369
8,72832,441
1457,583
25483104
111.4107.0
15800
37,69228,984
10,31146,100
1859,500
1432578
111.4106.7
17 770
4,17648,36440,392
1019555,291
2149,478
2471684
111.9107.4
19962
56,74043,969
9,28644,825
1889,058
9873106
111.8107.1
18596
34,93340,121
10,31651,609
21510,110
45,88368
112.7106.6
19386
22,77841,363
! 10,271
118.2108.1
5 1,262
LEATHER AND PRODUCTS
LEATHERExports:
Upper and lining leather thous. sq. ft..Producer Price Index, leather 1982—100 ..
LEATHER MANUFACTURESFootwear:
Shoes, sandals, and play shoes,except athletic thous pairs
Slippers doAthletic . . . d oOther footwear . do
Exports doProducer Price Indexes:
Men's leather upper, dress and casual1982=100..
Women's leather upper do....Women's plastic upper do....
160,888122.9
241 388
176 1115592793502971
10277
107.2104.3106.6
194 152140.9
220 508
39895
4 15014 713
111.4107.2104.9
19585143.1
20 025
149294480
616322
1 175
109.8106.5
95.0
15,455142.3
15622
122402897
485215
1226
111.8107.1104.5
15,015141.0
19852
(3)
3935(3)
2941268
113.0107.5105.9
14,806145.6
20 159
(3)
4282(3)
3231 285
113.3108.9105.9
13,557148.6
19947
(3)
4297(3)
2661425
114.1108.3105.8
15,703149.6
17 641
(3)
3823(3)
2641539
112.7108.3106.6
14,677153.0
14854
12 1082252
494230
1236
115.6109.0107.2
16,0334 158.0
15349
(3)2675(3)
2671,278
4 117.24 110.74 107.4
18,431160.1
19 018
(3)
3470(3)
2821,603
119.6111.4107.4
18,430171:1
19763
(3)
4371(3)
2831,903
rl 19.7r111.8107.2
14,647174.8
17 520
(3)
3,827(3)
2901,495
120.0112.1107.2
19,273176.0
18314
(3)
4,216(3)311
1,369
120.5111.5107.3
17,623164.5
1,443
120.1111.9107.3
162.9
122.0113.0107.3
LUMBER AND PRODUCTS
LUMBER—ALL TYPES #National Forest Products Association:
Production total mil bd ftHardwoods doSoftwoods do
Shipments, total . doHardwoods .. doSoftwoods do
Stocks (gross), mil, end ofperiod, total doHardwoods doSoftwoods do
Exports, total sawmill products doImports, total sawmill products do....
SOFTWOODSDouglas fir:
Orders, new . mil bd ftOrders, unfilled, end of period doProduction doShipments . doStocks (gross), mill, end of period . doExports total sawmill products do
Sawed timber doBoards planks scantlings etc do
Producer Price Index, Douglas fir, dressed1982=100..
2 42 67627403
2 35 273242 618
27486235 132
65491 5095040
14,607
9 570668
94129430
881522105417
124.5
2 46 0532 8 143
237 9102 47 090^9045
2 38 045
6 1831 4124 771
15,217
10 325r548
10 35410445
r790684138546
125.1
3 905461
34444039
4923 547
62331 3064 927
1,383
r985r705r979
1 035r844
552134
121.5
3 662470
3 1923671
4803 191
62371 3094928
1,329
r813r696r837r822r859
538
45
124.6
3 737613
3 1243812
6093 163
59791 2244 755
1,182
r905T748r849r853r855
579
48
127.6
3 617586
30313 540
6092931
60881 2334 855
1,449
r708r626r839r830r864
548
45
138.2
3 942*620
3 1224034
*6463388
60021 2134 787
1,264
''869r569T863r926r801
578
48
128.2
3 458279
28703470
3012836
59701 1474 823
1,210
r710r555r757r724r834
609
52
126.1
3 829998
283138651 0232*842
6 1831*4124 771
1,146
r725r548r688r732r790
621349
127.7
3814955
285937901 0252765
62511 3844867
991
r766r619r728r695r823
557
48
129.8
4042951
309140921 0843008
628213324950
1,134
r741r573r822r787r858
611051
130.9
438910933,296432010683252
634113474994
1,338
r898r683r839r788r909
658
57
131.6
r4247l'0!3
r3,234r4257
r967r3,290
63021,3634939
1,186
r786r620r818r849r878
912566
136.5
42451,0303,2154,2611,0013,260
6,2571,3634894
1,259
r817r619r834r818r894
771265
134.3
1,406
844626734837791761165
138.2 145.7
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-24 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and T1 ..methodological notes are as shown in Units
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
LUMBER AND PRODUCTS—Continued
SOFTWOODS-ContiriuedSouthern pine:
Orders, new mil bd ftOrders, unfilled, end of period .. doProduction doShipments do
Stocks (gross), mill and concentration yards,end of period mil bd ft
Exports total sawmill products thous bd ftProducer Price Index, southern pine,
dressed 1982= 100 ..Western pine:
Orders new mil bd ftOrders, unfilled, end of period do....Production doShipments. ... . doStocks (gross), mill, end of period do
Producer Price Index, other softwood,dressed 1982= 100 ..
HARDWOOD FLOORINGOak:
Orders unfilled end of period mil bd ftShipments doStocks (gross), mill, end of period do....
'11 593'?10
1 11 6781 11 562
2010187 258
104.9
10500451
10 482104821312
109.7
751453
7.4
; 12 575'835
; 12 4371 12 450
1 997263 166
114.1
11 427524
11 40711354
1365
119.0
11 01739
8.7
1 156100510711092
1 94919877
116.1
1087r608
1 06310621306
119.0
1351595.9
857792
10861074
1 96018413
122.9
r902r552r938r958
1286
119.0
16 11456.2
1 035848
10071016
1 95013738
120.7
1041r583
10051 0101281
119.9
1391586.6
761600
1004953
200121 243
120.8
r810'529r903r864
1320
124.4
1181687.8
1213681
11021091
201330856
113.7
1 076'548
105810571321
120.4
1281738.6
891618929956
1 98631 673
113.5
r859r504r935r903
1353
119.4
1071438.5
1 024835994947
1 99729668
115.9
r889524
r881r869
1365
116.4
11 01228.7
843894938909
202630745
•118.1
1-979'620r889r883
1371
2116.1
1131508.9
985933966946
204627715
119.6
r961'607r997r974
1394
116.9
1091529.6
1090789
1,1241,113
205633503
118.4
1026r621
1 Oil1,012
1,393
120.0
1231818.9
1063576
1,0851,073
r206833770
118.6
987577999
10311,361
120.9
1341599.6
1 155832
1,0811,101
204937449
115.7
1032598968
1,0111,318
121.3
11816.910.0
38499
115.2
901564839935
1,222
124.4
10.219.210.1
114.9
126.7
10.113.010.4
METALS AND MANUFACTURES
IRON AND STEELExports:
Steel mill products thous sh tonsScrap doPig iron do
Imports:Steel mill products do....Scrap doPig iron do
Iron and Steel ScrapProduction thous sh tonsReceipts net doConsumption doStocks end of period doComposite price, No. 1 heavy melting scrap:
American Metal Market * $ per long ton
Ore
Iron ore (operations in all U.S. districts):Mine production thous Ig tonsShipments from mines doImports doU.S. and foreign ores and ore agglomerates:
Receipts at iron and steelplants do
Consumption at iron and steelplants do
Exports (domestic) doStocks, total, end of period do
At mines... doAt furnace yards doAt U S docks do
Manganese (manganese content),general imports , ..do ....
Pig Iron and Iron ProductsPig iron:
Production (including production offerroalloys).... thous. sh. tons.
Consumption doStocks end of period do
Castings, gray and ductile iron:Shipments total thous sh tons
For sale . .. doCastings, malleable iron:
Shipments, total . . doFor sale . ..... . do
92911 704
47
20,698724295
2633337928658564344
74 17
388251 41*32716749
51 307
552836501
22 1333255
17 1631 987
883
43,952Ml 789
226
83335536
320154
1 12910367
50
20,414843355
r24 730r46 105r69 615
r4821
8573
4689447 25716601
58596
600876 121
209441 616
163042 024
801
1 48 1371 49 875
281
95986342
431202
991 258
12
1,6976030
2 142368256674316
7667
425353541948
6127
50351463
193138342
10006965
95
4,0794 123
239
875559
4120
841 073
1,7236214
2044349054344*363
78 29
3 78450521 173
6078
4684414
195447074
11 3501 120
57
42354255
258
786535
3214
91862
1
1,6244728
2039392960014291
8273
4 39153321*817
5994
5139438
193916 132
122071 052
58
41654327
262
774539
3016
99779
4
1,6007125
2 1374 18462554279
91 35
4 7595 6041*452
6330
5 194626
196545288
133431 023
62
4,2084327
260
797482
3919
86809
2
1,6518853
2288466766244505
10990
463357011493
6662
5450647
203154276
145541 485
85
44074664
256
962650
4219
114782
2
1,8128953
2 in43506 1844695
10969
r4634r53572238
6292
5395441
205893571
154521 566
116
4,3514599
275
770533
3013
1101 009
2
1,72812554
2 130433
62144811
101 37
4 50854611415
6598
5765644
209442616
16 3042 024
101
4,4474647
274
690461
3518
8964915
1,81089
136
2 1384 55869884487
9972
408322891467
4559
5751223
21 3344410
149801 944
85
4,6834472
240
674428
3518
100630
1,9168654
r2331r4 153r6331r4623
11455
42781 327
986
2714
550427
212617351
12 1901 720
64
4,443r4647
r225
722477
3416
114724
3
1,8446911
2420442866474731
11393
42431 153
900
2952
5,90384
20363103989,239
726
96
4,8424914
214
844539
4623
11690318
1,53310277
10960
1,646
6053
5,707548
9,5851 023
128
4,699
r803r535
r3819
1241006
10
1,9363967
10463
1,588
6,673
6,118363
10,1361 022
63
4,932
869591
3415
1261288(2)
1,9796584
10252
1,974
677
118
4,497 4,762
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-25Unless otherwise stated in footnotes
below, data through 1986 and IT .tmethodological notes are as shown in Llnit8
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
Jun. July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
METALS AND MANUFACTURES—Continued
Steel, Raw and SemifinishedSteel (raw):
Production thous. sh tonsRate of capability utilization percent..
Steel castings:Shipments, total thous. sh. tons..
For sale, total do
Steel Mill ProductsSteel products, net shipments:
Total (all grades) thous sh tonsBy product:
Semifinished products . doStructural shapes (heavy),
steel piling doPlates doRails and accessories doBars and tool steel, total do
Bars: Hot rolled (includinglight shapes) do
Bars: Reinforcing doBars: Cold finished do
Pipe and tubing doWire and wire products do....Tin mill products do....Sheets and strip (including electrical),
total doSheets: Hot rolled doSheets: Cold rolled ... do
By market (quarterly):Service centers and distributors doConstruction, incl. maintenance do ....Contractors' products doAutomotive doRail transportation doMachinery, industrial equip., tools do....Containers, packaging, ship,
materials doOther do
Producing steel mills, inventory, end of period:Total.... mil sh tons
Steel in process doFinished steel do
Service centers (warehouses), inventory, endof period mil sh tons
NONFERROUS METALS AND PRODUCTSAluminum:
Production, primary (dom. and foreign ores)thous. met. tons ..
Recovery from scrap "I1 doImports (general):
Metal and alloys crude doPlates sheets bars etc do
Exports:Metal and alloys, crude doPlates, sheets, bars, etc do....
Price, U.S. market, 99.7% purity,monthly average $ per Ib
Aluminum products:Shipments:
Ingot and mill prod (net ship ) mil IbMill products total do
Sheet and plate doCastings do
Inventories, total (ingot, mill products, andscrap) end of period mil Ib
Copper:Production:
Mine, recoverable copper thous. met. tons.
Electrolytically refined:From domestic ores @ doFrom foreign ores do
Electrowon . doRefined from scrap A do
Imports, unmanufactured (general):Refined, unrefined,
scrap (copper cont.) do...Refined do
Exports:Refined and scrap do...
Refined do ...Consumption, refined
(reported by mills, etc.) <> do...Stocks, refined, end of period 6 do...Price, avg. U.S. producer cathode, delivered §
$ per Ib .
81,60663.8
829799
' 70,263
4,9541 4,5283,565
64012,171
6,5594,2991,2572,8361,0803,802
36,686'12,167'13,250
' 15,2511 5,141'2,559'9,871
'674' 1,323
4,075'23,367
13.27.35.9
5.7
3,0361,739
1,468.4495.3
228.6203.3
.5587
14,38611,4166,6292,187
4,928
1,147.3' 1,073.2
'947.940.2
125.4'406.2
667.5503.1
497.114.9
'2,102'225
.6605
'89,15179.5
874850
76,654
'5,456
5,1204,048
515'13,575
7,238'4,918
1,3613,5701,1053,988
39,27913,04813,859
' 18,6295,6192,701
'11,135734
2,096
4,371'31,337
11.36.74.6
6.4
3,3431,847
1,378.0452.3
309.9284.5
.7230
15,58412,2347,3792,056
4,175
1,255.91,146.0
987.1
158.9414.6
657.3515.6
454.817.9
2,139173
.8249
7,34979.7
6159
6,656
541
458328
391,117
65634211534197
358
3,3771,1121,200
4,1131,335
6132,415
157372
1,1276,841
11.5r6.64.9
5.7
272156
133.639.4
16.128.5
.7254
1,4331,147
699170
4,474
102.594.0
80.6
13.435.1
80.269.3
33.01.1
188173
.7435
7,32477.3
6765
6,295
485
43434337
1,037
473361114317
94361
3,1841,0751,124
11.36.64.7
5.8
282155
120.639.5
29.019.4
.7424
1,3461,052
619137
4,393
105.090.5
76.5
iio29.5
45.737.0
39.7.6
151201
.8042
7,49479.1
7372
6,364
546
42934540
1,089
591380113
32387
351
3,1541,0231,126
11.36.64.7
5.7
286158
106.132.8
30.623.2
.8166
1,2611,010
594157
4,303
108.390.2
76.8
13.433.2
57.345.0
38.0.5
177188
.8218
7,69483.9
8078
6,726
574
46938239
1,189
676390118
34090
339
3,3031,0411,163
4,9251,474
7002,467
176521
1,1467,981
11.16.44.7
5.7
286160
105.333.0
30.720.6
.8069
1,3341,033
621169
4,152
106.4102.8
89.0
13.834.5
42.428.6
36.5.8
185179
.8561
8,07384.4
8079
7,077
545
487415
54
1,176
671371128
37095
317
3,6171,1631,297
11.06.44.6
5.8
301155
124.242.1
22.722.9
.8439
1,3071,038
613192
4,211
107.5109.8
95.4
14.435.8
50.535.9
36.1.7
178151
.8885
7,88285.2
7877
6,606
550
444393
40
1,114
607388114
34984
297
3,3351,1101,142
10.76.34.4
6.0
301152
103.638.2
32.125.6
.8016
1,219944
176
4,245
109.7111.8
95.9
15.930.8
56.340.8
38.52.3
179116
1.0853
7,91682.8
8079
6,977
525
44642940
1,082
582385110
35975
435
3,5861,2381,245
5,2911,470
8072,765
218563
1,1588,392
11.36.74.6
6.4
316145
101.637.2
39.126.8
.8339
1,3531,055
696154
4,175
111.4115.6
98.5
17.137.1
48.63.1.1
50.53.2
180114
1.3332
8,38088.1
7270
6,608
569
44559338
1,030
581323121
36388
260
3,2201,0091,127
11.97.14.8
6.4
320149
111.636,0
20.325.8
.8971
1,165919537164
4,344
113.8103.6
90.4
17.034.5
68.449.4
35.54.9
17612
1.3250
7,98489.7
8280
6,848
515
470608
42
1,187
742329111
36594
274
3,2951,0331,141
12.17.15.0
6.7
304155
101.436.4
15.125.5
.9628
1,163964564182
4,401
105.5105.4
90.2
15.336.3
64.138.0
50.22.0
182136
1.0752
8,76392.2
9593
7,693
512
48668943
1,246
714390136
457103334
3,8231,2341,306
5,1851,493
7402,910
287656
9908,745
11.86.94.9
6.8
330175
115.649.7
21.835.1
1.0709
1,3981,138
685213
4,388
123.7115.9
97.7
18.343.2
63.639.0
56.63.8
209138
1.0972
8,39891.4
87'85
7,082
497
443620
45
1,183
650395133
439106353
3,3951,0561,181
2 1,6692 5012 236
2 1,0012 1082 229
2 3732 2,965
12.07.05.0
6.9
324166
98.134.4
23.028.9
1.0712
a,2461,033
r608192
4,423
1164114.8
97.3
17.536.9
51.033.7
51.45.7
177136
1.0364
8,83293.1
9996
7,187
502
47563245
1,235
691418120
41193
342
3,4521,0651,190
2 1,6332 5292 229
2 1,07821032 210
2 3712 3,034
12.57.45.1
7.0
336157
101.532.9
38.036.7
1.1448
1,3161,058
636210
4,389
111.8
93.2
18.639.1
48.025.9
67.17.7
189118
1.0437
8,03187.4
7,422
497
43368643
1,248
711410121
417109376
3,6141,1101,243
2 1,7222 5322 242
2 1,1092 1252 227
2 4002 3,065
88.835.9
47.832.0
1.2627
43.425.1
77.69.5
8,31388.0
::::::::::::::
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-26 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and „ .,methodological notes are as shown in unu
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
METALS AND MANUFACTURES—Continued
NONFERROUS METALS ANDPRODUCTS-Continued
Copper-base mill and foundry products,shipments (quarterly total):
Brass mill products mil IbCopper wire mill products
(copper content) . doBrass and bronze foundry products do
Lead:Production:
Mine, recoverable lead thous met tonsRecovered from scrap (lead cont ) do
Imports (general), ore (lead content),metal do
Consumption total doStocks, end of period:
Producers', ore, base bullion, and in process(lead content), ABMS thous. met. tons..
Refiners' (primary), refined and antimonial(lead content) thous met tons
Consumers' (lead content) Q .... doScrap (lead-base, purchased), all smelters
(gross weight) thous met tonsPrice, common grade delivered ® @ $ per Ib
Tin:Imports (for consumption):
Ore (tin content) metric tonsMetal, unwrought unalloyed do
Recovery from scrap total (tin cont ) doAs metal .... . do
Consumption, total doPrimary do
Exports, incl. reexports (metal) do..Stocks, pig (industrial), end of
period doPrice, Straits quality (delivered) $ per Ib
Zinc:Mine prod recoverable zinc thous met tonsImports (general):
Ores (zinc content) doMetal (slab blocks) do
Consumption (recoverable zinc content):Ores doScrap all types do
Slab zinc: @Production, total $ thous. met. tons ..Consumption fabricators doExports doStocks, end of period:
Producers', at smelter (ABMS).. doConsumers' do
Price, high grade $ per Ib..
MACHINERY AND EQUIPMENTHeating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly # mil. $.,Electric processing heating equipment doFuel-fired processing heating equip do
Material handling equipment (industrial):Shipments t • do ...
Industrial supplies, machinery and equipment:New orders index seas adjusted 1977 — 100
Industrial suppliers distribution:Sales index, seas, adjusted 1977 — 100Inflation index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,fasteners, metal products, etc.) 1977 = 100.
Fluid power products shipments indexes:Hydraulic products § 1985 100Pneumatic products § .. do
Machine tools:Metal cutting type tools:
Orders, new (net), total mil. $.Domestic ... do
Shipments, total doDomestic do
Order backlog, end of period do...Metal forming type tools:
Orders new (net) total doDomestic .. do
Shipments, total . doDomestic do
Order backlog, end of period do..
2318
1792478
3398'6149
10341 1248
74.0
200838
1942205
40303576872433714
50100374003,022
48024 3 6991
2030
1977667 1
21 9273 8
269.9/7060
1 9
155'54 2.3800
148.2655826
119 1
145.0
164.7
9898
1,544.251 376 551 890.301 684 70
897.2
581 05506806882062135
307.1
2624
1922528
'31051 682 1
2403n\ 171 3
59.2
21 6677
2403594
296741 15111 9841 457
1 53 10039800
1,701
44284 1878
2132
42557059
60'2856
220.51 047 0
1 1
7 0455
.4192
'2260549
'171 1
1287
149 1
166.6
107105
1,451 451 294 451 676 501 498 85
672.2
667 3553605647 1553790327.3
637
483135
262539
23 51002
58.4
186595
23 83693
3036916110
42003200
164
66634 1449
178
372534
5233
16.6606
(2)
9744 1
.4505
48217 231 0
1263
1437
166.5
117104
114.959885
1651014820770.9
87 80784568055465327.4
289599
262943
58.6
106609
2554167
7324196
786114
4,4003,500
180
428840309
17 5
357664
5248
13.6556
1
74443
.4567
1246
1531
166.3
108113
102.1084 60
13630127 90736.7
6090439061505435326.8
240634
243997
67.7
11 0643
27 64200
4223009
87594
44003500
135
53734 1148
188
38 568 5
523 4
14.961 4
2
7 143 5
.4443
128 0
1554
166.5
104104
96359025
118359985714.7
4565366040053360332.4
598
485131
28 1533
284108 2
67.0
11 5654
27 34200
3369905102
44003500
74
553342073
182
327613
523 1
15.559 1
3
64423
.4259
1010153857
131 2
1513
166.9
105109
126.10116751431012665697.7
5675403557354800331.8
284673
19?115 1
69.7
149655
27 14200
564 168
88894
43003300
77
640242480
18 2
548670
5250
16.360 1
6941 8
.4175
1347
1558
167.1
113116
198.15187 1513485117 95761.0
692559 5574806325326.2
23 1559
21 81028
62.8
181682
2444200
3403881
9446003,600
84
546043328
158
328565
c
250
14.6590
55401
.4238
1382
153.8
167.4
103107
89.106575
125.95110 20724.2
48203635521038.40322.4
617
481135
25455 1
27 197 2
59.2
216677
2404200
2941 779
838111
44003400
179
442842777
18 1
31 1634
527 4
16.4844
1
70455
.4331
494108386
140 1
1478
169.0
101108
175.25154802262020890672.2
6715546562204405327.3
27 9522
21 2960
57.0
218702
2263800
4002761
84688
4,6003,600
87
449042659
168
344532
226 1
14.979 5
(2)
66443
.4444
1425
153.5
168.9
119108
223.9520575
70.2061 60825.0
73556030721564.05328.7
28257 5
21 9964
59.9
266607
17 03485
1282582
932119
4,7003,700
185
598941950
18 2
272486
2231
16.4764
1
44460
.4544
1404
155.0
168.0
126120
250.40217.95108.909700966.4
476540 90575548.10318.8
360601
2641154
53.9
25858.9
1773400
1213153
94192
4,8003,800
171
563142407
223
326717
2225
17.51103
4.545.0
.4790
43.818.2257
1355
162.0
170.2
137136
191.90174.15137.75123951,020.6
62.5547.9068.9561.80312.4
327559
222r988
59.0
267r593
1733400
3353011
79388
4,7003,700
96
586842295
21 9
389664
2228
16.4r979
3.4r41.5.5150
1345
161.3
171.3
134118
195.30146.4595.308220
1,120.6
577047.0062.1051.70308.0
522
2081048
57.8
241547
17 13457
341991796
5,3004,200
108
658442500
220
379845
2228
16.31000
4.342.2
.5604
1382
155.5
171.9
127117
242.85205.65111.25100251,252.2
r81.85r73.2568.4557.35321.4
87
60.8
4,042
126
24.657.3
16.3
(2)
4.5
.6255
1334
159.1
172.1
136124
r238.35r210.65132.80116.001,357.8
144.45134.60
r81.25r69.25384.6
16.4
6.2
162.4
172.3
187.30167.80134.60126.00
1,410.4
68.9554.1553.7044.05399.8
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-27Unless otherwise stated in footnotes
below, data through 1986 and , -umethodological notes are as shown in Lnlts
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
METALS AND MANUFACTURES—Continued
MACHINERY ANDEQUIPMENT— Continued
Tractors used in construction, shipments, qtrly:Tracklaying (ex. shovel loaders) units ..
mil. $ ..Wheel (contractors' off-highway) ... units
mil $Shovel loaders $ units
mil $
ELECTRICAL EQUIPMENTBatteries (auto.-type replacement),
shipments thousRadio sets production total market $$ thousTelevision sets (incl. combination models),
production, total market ££ thous ..Household major appliances (electrical), factory
shipments (domestic and export) # thous..Air conditioners (room) do....Dishwashers . . doDisposers (food waste) do....Microwave ovens/ ranges @ do....Ranges doRefrigerators doFreezers doWashers do....Dryers (incl. gas) do....
Vacuum cleaners (qtrly.) do
GAS EQUIPMENT (RESIDENTIAL)Furnaces, warm air, shipments thousRanges, total, shipments doWater heaters (storage), automatic,
shipments do....
8,440821.259994219
537231 6790
603062 25 364
23,351
45,0722,81639184,269
12,4443318651012225,7654,2459660
21051940
3,729
r9,668r973.8r5482r4155
r62 8251 8195
5987826 775
23,497
47,8383,79840324,438
12,6103346697212605,9984,637
10,417
20732143
3,951
2,891278.41 5281118
169344695
53282435
2,094
4,804656369357
1,027289821136602426
2202
140183
330
50152507
1,484
r3,975350322
r344r875286732137484363
157164
297
5,7322524
1,836
3,934196335357978290700138520381
203164
290
2,706270.214371127
168094730
65423 152
2,373
4,20793
342409
1,277289619109596450
2,860
234200
312
68892944
2,217
4,04784
355436
1,31830755287
497403
241210
361
53872609
2,199
3,67662
336325
1,21028549993
470391
194188
310
r2,332r264.012651035
16 620r4996
54181 473
2,232
3,626170331325
1,14925547086
454370
2,733
179197
369
55241 329
1,544
3,55720030736195723544491
531413
157159
355
4 1941 567
1,810
3,72432429836095024447789
519393
134169
320
2,609276.01243
99.415 1964845
46061 528
1,909
3,95570230836176125151282
498359
2,733
148171
334
40311 518
1,710
3,895686334306778253533108471328
125163
329
4,1221736
1,582
3,949647326324697244616112515353
118168
317
4,9882284
1,931
4,463835330336789260753126546383
2,487
176
1,485
3,824405312345746252778156460328
PETROLEUM, COAL, AND PRODUCTS
COALAnthracite:
Production f thous. sh. tons-Exports doProducer Price Index ....1982=100..
Bituminous:Production "1" ... thous sh tonsConsumption, total t do
Electric power utilities doIndustrial, total do
Coke plants (oven and beehive) do .Residential and commercial do
Stocks, end of period, total t • doElectric power utilities doIndustrial, total do
Oven-coke plants doExports doProducer Price Index 1982=100 ..
COKEProduction:
Beehive and oven (byproduct) thous. sh. tons ..Petroleum coke § do
Stocks, end of period:Oven-coke plants, total do....
At furnace plants doAt merchant plants do
Petroleum coke tt doExports do
PETROLEUM AND PRODUCTSCrude petroleum:
Producer Price Index 1982—100Gross input to crude oil distillation
units ft mil bblRefinery operating ratio tt % of capacity
All oils, supply, demand, and stocks: ttNew supply, total Q mil bbl
Production:Crude petroleum doNatural gas plant liquids do....
Imports:Crude and unfinished oils do....Refined products do....
Change in stocks, all oils . doProduct demand, total do....
Exports:Crude petroleum doRefined products do....
4,292146099.7
886 023801 780684 227111 120359736433
168 072154*707133652985
84017100.8
25,54036903
2,0661778'288
12061063
469
4 681 483
60261
3 1683587.1
1,642.7628.0737
6,227.9
562229.3
4,1771 181100.1
912 674834 337716 922111 696369205719
178 485163 857146283879
7764597.1
28,03737380
1,064846218
1 350650
555
4746 1' 83
60896
30474605.6
1,837,3599.4149
6,360.8
550223.0
359154
99.4
76555720216340083832809
238168 895156 2631263337287174
96.5
7,0733 121
15461 252
2941 307
50
564
399285
5003
248448.8
157.945.162
525.0
3516.6
426121
99.8
69207802527063292053263
416156 068143 1151295435976489
96.0
3 190
1 27998
598
422087
541 9
255851.0
173.961.3105
551.5
4616.4
441144
100.0
80087797226998093493246
393152 297139 023132733465761496.1
3 138
1 22332
61 1
419387
536 1
254 550.6
182.348.7335
527.2
4416.1
441191
100.1
81 8546876859 18790593 190
522
158 487144 89313 59433346474
95.7
7,4383047
14361 177
2591 128
35
578
399886
5108
246249.4
162.952.4137
523.9
3 520.3
371180
100.3
853356708957 05194923295
546167 81115387213*9383*5156448
96.0
3060
1 00929
569
399883
5302
259351.9
172.246.943
545.2
2617.4
331165
101.0
78677664215590199433323
577175 594161 31114 28336977 037
96.3
3 158
1 07238
566
392 282
5153
251 951.4
160.651.3250
512.3
4917.1
31021
101.1
7927574 18762466109833449
739178 485163 85714 62838798009
95.9
7,5893384
1064846218
1 350110
54 1
414984
521 8
257852.2
156.255.527 5
573.5
6825.9
r21542
1 101.9
r74 63478 41367 70299903216
721169 495155 61313 88238754390'95.6
3464
1 46358
;50 1
408383
5199
255650.5
156.057.9102
561.5
6621.0
r26827
101.9
r77 30171 52961 16297933059
573165548152 40613 1423 8724 451
96.2
3 164
1 43792
497
374381
4933
242947.6
146.156.7222
535.0
4320.8
'27943
101.9
r84 0906899458518100803336
396166 825154 428123973 8687099r95.8
7,3473414
902714188
1 44130
r47 2
410584
5198
258852.6
158.849.6166
569.4
6719.2
33358
100.1
76376
53928
158 342
8,88595.2
3159
149024
490
399984
5095
248050.0
167.444.0193
513.5
3516.8
37254
100.2
74030
56256
159 114
7,81695.4
3357
1497239
51 5
422586
530 0
254352.0
177.246.5338
524.9
4420.9
35552
100.1
77510
7,99895.1
76
507
309
100.3
71863
95.2
460
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-28 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and „ ,.methodological notes are as shown in umw
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS t-ContinuedAll oils, supply, demand, and stocks — Continued
Domestic product demand total # mil bbl
Kerosene . . doDistillate fuel oil doResidual fuel oil doJet fuel doLubricants doAsphalt do
Stocks end of period total do• Q? .petroleum.. ao ....
Unfinished oils, natural gaso-
Refined products doRefined petroleum products:
Gasoline (incl. aviation):Production doStocks end of period doPrices, regular grade (excl. aviation):
Producer Price Index 1982=100..Retail, U.S. city average (BLS):
Leaded $ per galUnleaded . do
Aviation gasoline:
Stocks end of period doKerosene:
Production do
Producer Price Index (lightdistillate) 1982= 100 ..
Distillate fuel oil:Production mil bbl
Stocks end of Deriod doProducer Price Index (middle
distillate) 1982-100 ..Residual fuel oil:
Production mil bblImports doStocks end of period doProducer Price Index 1982—100
Jet fuel:Production mil bblStocks end of period do
Lubricants:Production doStocks end of period do
Asphalt:
Stocks end of period doLiquefied petroleum gases:
At gas processing plants(LPG) do
At refineries (L R G ) doStocks (at plants and refineries) do ...
5 94242 579 i
3591 0637
5177477 2519
1636552 1
1 59258428511 6
14046094
247631964
54.4
.857
.927
11 722
32684
53.6
10212903
1551
49.4
324 3244247 444 5
472 0497
582142
1497177
6185
4662152 3102.7
608272639 1
3451 0864
461 55055587
1703588 3
1 607 58896540 6
13835795
25062191 1
59.5
.897
.948
9 123
28784
54.1
9966932
1345
55.5
323 2206 1
47 4531
490 1499
609133
1584188
6382
4745163 797.1
504 9227 1
1883736240855
201420
1 5480'354*8527*2
14945438
21371945
61.4
.906
.958
1 020
126 1
53.2
80780
1044
55.1
25 914441 4551
37 6459
53117
17 1227
520
38 113 899.4
530 52359
1684 141 543151
23247 6
1 55858538530 0
14695578
219.21908
63.1
.921
.971
920
1765
55.3
83711 8
114 6
56.3
27 9223447582
41 8467
53117
198209
547
39415 3
103.9
50672284
2079236543947
22042 5
1 59208644532 0
15105765
215.9190.0
65.5
.946
.995
920
207 1
57.9
83969
1247
59.4
27 3159457610
43 4477
5211 9
192197
53 2
39214 0
111.9
500 12169
2285 138940847
21248 6
1 6057871 1533 9
15045843
208.61934
61.9
.940
.990
1 022
2780
58.1
82.466
1268
56.8
27 i158444547
41 8502
5 1122
182183
52 1
38413 7
114.3
5252227 2
3.997733 145547
17.653 0
1 610089155357
14965688
207.5184.1
61.1
.931
.976
822
3.787
60.0
86.273
121 0
59.3
27 5128456518
436498
54126
163180
538
40 113 7
112.5
4903215 1
3.38803614083.9
12.652 1
1 634990225385
14745854
207.7190.2
61.9
.928
.976
522
3.593
60.8
91.156
1280
61.2
27 8170500528
41 6510
5 2136
106169
529
39813 1
108.6
54082253
4.710294454535.07.1
58 51 607 5
88965406
13835795
218.1191.1
57.5
.912
.961
723
3.384
58.3
100.511 7
1345
58.1
310202474495
44 g499
48133
85188
543
40913497.1
5340207 8
5.510904894754.23.8
64 115973
88825427
14275663
209.1202.3
2 53.7
.881
.933
g23
3.272
2 55.2
11012722 54.8
31 3228466
2 45.4
43946.3
52141
72227
534
39414080.7
509 92038
4.1101.8
46.443.75.05.4
57 515751
8920544 1
143.7539.4
195.8204.4
53.9
.859
.913
521
3.469
55.1
77.896
109.6
51.5
28923.045.543.5
40 143.6
51139
7 9257
510
37513470.2
54342260
3.1109.944.443.35.58.6
5301 558.5
898.65449
147.8512.1
208.2195.9
53.9
.850
.904
720
2.164
r53.7
84.375
89.3
49.7
29318.944.1
T41.9
45046.7
5813.9
106286
559
40.914968.8
49322222
2.186.138.241.64.5
10.7402
1,577.8904.4547 3
148.7524.8
207.9191.5
58.2
.883
.930
72.0
1.560
52.7
86.163
94.3
53.3
28 513.943.240.5
38746.0
5.314.1
118306
539
39.214679.7
499.6226.4
1.985.529.342.25.5
17.0419
1,611.6905.75479
158.6547.4
213.2190.4
60.9
.911
.955
92.0
1.55.6
54.2
90.97.1
104.5
54.3
26813.145.742.6
39946.8
5.613.8
15.330.1
56.1
40.915290.0
60.7
.910
.955
53.0
50.6
43.7
63.2
.923
.967
51.1
46.9
39.2
PULP, PAPER, AND PAPER PRODUCTS
PULPWOODReceipts thous cords (128 cu ft )Consumption do
WASTE PAPERConsumption thous sh tons
WOODPULPProduction:
Total thous sh tons
Paoer trades chemical DU!D d°Groundwood and thermo-
Semi-chemical doInventories, end of period:
At pulp mills:Own use woodpulp doMarket pulp do
Market pulp at paper and boardmills do
Dissol'vine and snecial aloha doAll other do.
Imports all grades total doDissolving and special alpha doAll other do....
1 90 943/91 434
4794
1 17 285r838
TI 57 0051 258
46 081r54764 191
174r284r496
1 4 308711
1 3,599'4340
'l48'4.193
1 94 3121 93 946
5 096
i is 296920
n 59 5521 312
r48 293r57024246
170224
529'5047
6911 4,520'4974
' 96' 4.899
774377234 651
1 474773
4971113
4 035
468355
177276
593455
1454390
10379
82648 1954 782
1 508797
5 111123
4 141
484364
173281
60846365
398401
2399
7 64377294703
1 598745
5083102
4 162
487333
177340
53939062
38014
366
80617 8565 044
1 544810
4 925112
3947
506359
167273
56144265
37754613
533
84367 9845301
1 619838
506688
4 110
501367
161267
53133353
28038611
375
7 2277 4015211
1 553817
4812137
3851
472352
162290
49936561
304411
3408
80038 1625096
1489887
5 160109
4227
484339
170224
52952372
450415
2412
7 73782234629
1 555847
527698
4285
517376
162292
50839167
324390
10380
79247,7434777
1,529r871
r4917116
3981r471350
165265
50344441
403429
14415
83458,2494942
1,660r926
r5222109
4259r495360
169237
53249179
569432
14446
7,9118,1374642
1,541r937
r5,004105
r4037r509354
169256
53245381
372428
12415
7,6117,6504,420
1,611897
4,99199
4,011
507373
159243
51343361
372415
7408
497101396415
13402
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-29Unless otherwise stated in footnotes
below, data through 1986 and n itemethodological notes are as shown in unusBUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTSPaper and board:
Production (API):Total thous. sh. tons-
Paper doPaperboard do....
Producer Price Indexes:Paperboard 1982-100 .Building paper and board do....
Selected types of paper (API):Groundwood paper, uncoated:
Orders unfilled end of period doShipments . . do
Coated paper:Orders, new do ..
Shipments do. ..Uncoated free sheet papers:
Orders new . doShipments do
Unbleached kraft packaging and industrialconverting papers:
Tissue paper production doNewsprint:
Canada:
Shipments from mills do
United States:Production do ....Shipments from mills do....
Estimated consumption, allusers Q do
Publishers' stocks, end of period #
Imports thous. sh. tons-Producer Price Index,
standard newsprint 1982—100Paper products:
Shipping containers, corrugated and solidfiber shipments mil. sq. ft. surf, area..
'70,8893551035,379
106.6108.8
1 1 553124
1 1,540
'6,334469
6,263
1 10 485' 10 681
'3303'5095
92899302
5,1075,115
49
11937
8498,589
1033
283,921
'74,4293699037,439
1181111.2
'1 542181
' 1,485
'7,099734
6,860
'11 189'11228
'3 075'5301
9 6739761
193
5,3005,310
36
12322
9008,975
1123
297,430
6,14030483,092
115.9110.2
126124120
651604569
923933
247439
806857273
444451
40
996
885776
1087
'25,490
6,2383,0813,157
116.1111.1
134137132
623647584
945945
244434
791779286
45545243
967
931741
1127
25,341
6,4633,1633,300
119.8112.2
136148127
632678597
996968
249457
826785326
45244946
1041
905708
116.3
24,977
6,2543,1253,129
121.3113.2
130153126
570666591
946949
258447
797852271
44845143
1050
929
780
1169
25,925
6,3903,2113,177
122.1113.8
121150124
610729603
1,029988
259
455
827811286
461456
48
1 129
897746
1169
27,647
6,1353,0663,069
122.5113.4
113153112
563693587
919927
243442
812801298
437439
46
1 134
866777
117:1
23,281
6,3473,1633,184
123.1113.7
130181111
611734588
978982
261449
783892193
453461
36
1050
900710
117.0
23,141
6,4663,2163,251
2 126.62 113.7
132187128
627693638
944963
262446
822716295
45243751
958
905727
2 127.1
24,782
6,2153,1193,097
127.1114.0
137197129
583692593
917943
255437
815782328
43443551
964
931697
127.9
24,679
6,7243,3823,342
130.5113.1
131196139
646r704653
1,0321,039
262474
874881321
46345855
1,059
962811
127.9
27,222
r6,311'3,1953,116
132.6113.3
125194127
634'723609
991967
255444
826789359
451446
60
1,023
972725
127.2
26,053
'6,441'3,176'3,264
133.1113.4
156'209135
'622'724600
923939
'236
463
860856363
46646363
1,063
'952
766
127.5
24,986
6,2463,0963,150
134.0114.2
128221123
598733599
909917
241450
799851311
44544959
999
971715
127.5
25,830
134.3113.9
127.4
RUBBER AND RUBBER PRODUCTS
RUBBERNatural rubber:
Stocks, end of period doImports, incl. latex and guayule
U S. Import Price Index t 1985—100Synthetic rubber:
Production thous metric tonsConsumption doStocks, end of period doExports (Bu. of Census) thous. Ig. tons .
TIRES AND TUBESPneumatic casings:
Production . . . thousShipments total do
Original equipment do
Exports doStocks end of period doExports (Bu of Census) do
Inner tubes:Exports (Bu. of Census) do....
743 563851
752 99
101 9
2 012 771 895 23
2356133885
' 190 289
243 24461 251
176 6595334
342865202
809
'775 387246
745 67
1157
'2 184 12'2 017 31
'229 72
42264
1 202 978
255 22060758
186 4068056
34338
9 580
1,518
56 307900
58 01
1098
17497157 79
241 79
3634
16548238295 145
17 984701
37872844
149
67 358247
63 22
186 19161 88
251 86
3356
15796208113 605
16 531676
37344
745
109
61 417701
46 83
164 15163 56
240 55
3275
16723206564316
15 682657
37501793
102
61 857056
58 47
119 1
17604'172 21
'222803823
17 204
23 2184969
17 517731
362341 155
141
57 396585
56 76
191 0018508213603293
18956249265778
18*367781
34 539
849
76
60636547
6285
18294167 56213 82
3694
1645521 2984966
15 584748
33702
1 277
96
69 387246
77 g7
1306
194 82'174 09
'2297236.53
16428203264 177
15 341809
34338
1259
114
79077487
81 89
18695158522378439.07
1734518 7954713
13 0611 021
370471328
95
65 167532
6849
179131668223511
36.76
18027194725065
13 2431 163
39904
1410
138
88 1070.69
8565132.4
20120186 80
'229.6441.11
19,305228085 752
15 7471,309
407371,477
165
586874.64
67 51
19372163 05
'237.5041.02
17,64221 2005606
145011093
41 1491,598
141
657372.94
66 18
205.40172.08246.1839.79
17,40322 5396010
15559970
401591,380
161
6383175.8
40.47
1,157
113
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-30 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and ITni,methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement thous bbl
CLAY CONSTRUCTION PRODUCTS
Shipments:Brick, unglazed (common and face)
mil. standard brick ..
Structural tile, except facing thous. sh. tons..Sewer pipe and fittings vitrified doFloor and wall tile and accessories, glazed
and unglazed .. mi sq ft
Producer Price Index, brick and structuralclay tile 12/84-100
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments thous. $..
Glass containers:Production "j" thous gross
Shipments, total "I" do....Narrow-neck containers:
Foodt do....Beverage doBeer doLiquor and wine t do
Wide-mouth containers:Food and dairy products do....
Narrow-neck and wide-mouth containers:Medicinal and toilet do....Chemical, household, and in-
dustrial do..
Stocks, end of period t do....
GYPSUM AND PRODUCTS
Production:Crude gypsum (exc. byproduct) thous. sh. tons..Calcined. . do
Imports, crude gypsum do
Sales of gypsum products:Uncalcined do
Calcined:Industrial plasters . doBuilding plasters, total
(incl. Keene's cement) do....
Board products total mil sq ftLath do
Veneer base .. doGypsum sheathing ... . . do
Regular gypsum board do....Type X gypsum board do
Predecorated wallboard do5/ie mobile home board do....Water/ moisture resistant board do ....
'470,500
7,401.9
108.4323.6
505.0
105.2
1,259,746
289,253
283,057
25,26659,88586,92227,856
62,795
18,843
1,490
39,912
rl 15,403rl 17,061
9,559
n 5,331
"476
"278
"20,21624
"454"338
"13,817"4,358
"132"571"522
1 480,410
7,313.22 96.1324.6
462.0
108.2
1,457,587
285,030
281,636
27,25262,43485,35728,382
62,673
14,167
1,371
41,926
" 15,612" 17,592
9,717
"6,324
"496
"280
"20,50723
"479"313
"13,920"4,489
"128"598"557
47,835
700.1
16.931.4
39.4
108.7
354,994
25,870
26,710
2,7356,4717,7403,243
5,399
1,038
84
41,925
1,4221,284
884
567
40
23
1,7052
4227
1,031475
106652
49,282
721.0
16.531.6
36.5
108.6
25,351
25,957
2,6075,9508,1612,565
5,368
1,220
86
41,019
1,3131,486
810
264
12
23
1,7842
4525
1,084492
107254
45,638
669.3
15.931.8
38.6
108.6
25,570
24,261
2,4095,9627,0032,196
5,507
1,060
124
42,499
1,3161,427
821
309
11
23
1,7752
4326
1,086482
107353
47,638
692.0
15.932.5
39.3
108.6
392,126
22,590
23,378
2,4945,2036,6942,056
5,891
949
91
41,343
1,1611,396
879
317
10
22
1,7752
4325
1,090480
107452
50,011
704.4
(2)36.4
40.1
108.6
25,269
23,446
1,9814,8967,5132,280
5,599
1,098
79
42,881
1,4321,566
952
311
14
23
1,9162
4628
1,171519
108158
38,298
557.4
(2)22.7
37.7
108.7
20,023
19,047
1,5794,0856,1171,787
4,460
916
103
43,836
1,4421,441
817
654
10
25
1,6752
4127
1,021451
96262
30,840
497.3
(2)18.5
39.6
108.7
378,798
18,693
20,271
1,6904,1836,5172,115
4,766
897
103
41,926
1,2181,274
635
591
9
19
1,5011
3622
914425
104251
20,979
398.8
4.718.1
35.9
109.9
21,588
21,875
1,8373,8857,9282,153
5,198
788
86
40,948
1,0311,255
837
342
10
18
1,4682
3619
884420
94948
26,293
486.7
4.721.1
38.4
110.5
22,497
20,864
1,8154,2606,6452,068
5,256
737
83
42,680
1,0751,361
801
306
20
21
1,5952
3619
975451
95152
36,404
709.7
4.731.4
44.7
110.4
353,737
24,506
22,522
2,2115,1786,0322,423
5,508
1,050
120
44,569
1,2971,402
512
378
11
23
1,8962
4427
1,154528
107259
39,926
685.4
4.724.7
40.7
110.4
24,950
24,327
2,4455,7537,5032,523
5,225
787
91
44,953
1,2721,524
986
359
13
21
1,6871
4124
1,003473
98055
45,356
r716.8
5.1'27.5
41.3
111.1
25,027
24,834
2,5325,6178,1422,518
5,091
879
55
44,970
1,2311,327
415
11
20
1,6672
4025
998462
97753
50,117
776.0
5.334.8
44.3
111.2
24,789
25,764
2,3676,3427,5462,718
5,874
850
67
43,908
111.2
TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants:Production (finished fabric) mil. linear yd.
Cotton.. doManmade fiber and silk fabrics do....
Inventories held at end of period doCotton do ...Manmade fiber and silk fabrics do....
Backlog of finishing orders doCotton do ....Manmade fiber and silk fabrics .. do
COTTON AND MANUFACTURES
Cotton (excluding linters):Production:
Ginnings 0 thous running balesCrop estimate thous net weight bales §
Consumption thous running balesStocks in the United States, total, end of
period # thous. running bales..Domestic cotton, total do....
On farms and in transit doPublic storage and compresses doConsuming establishments do
679625224,271
504211293
94389731
6566
1341613,4162540
10252624
1435914724
7 446
13,72213,7222525
10 555642
3 708
65776,5771 0974807
673
112907
540
4,7874,787
3003809
678
42912846
606
1626316,263123763*239
'648
3 19713336
J753
16,24216,242107994864'579
7 53413336
621
15,58115,5817 6527 398
531
11 08213 936
606
14823148234 8259 456
542
1327814 281
3610
13722137222525
10*555642
568
12394123941 470
10 197727
590
11,24511,2451 3129 151
782
3738
9,7119,711
9537972
786
556
8,6078,607
7917028
788
551
7,7077,707
9685987
752
r662
6,5676,567
7615073
733
13614,934
423
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-31Unless otherwise stated in footnotes
below, data through 1986 and IT .,methodological notes are as shown in Lnits
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
TEXTILE PRODUCTS-Continued
COTTON AND MANUFACTURES-Cont.Cotton (excluding linters)— Continued
Imports , thous. net-weight bales § .Price(farm), American upland 0 cents per Ib ..Price, Strict Low Middling, Grade 41, staple 34
(IVie"), average 10 markets cents per Ib..Spindle activity (cotton system spindles):
Active spindles, last workingday, total milConsuming 100 percent cotton do....
Spindle hours operated, allfibers, total bil
Average per working day doConsuming 100 percent cotton do ....
Cotton cloth:Cotton broadwoven goods over 12" in width:
Production (qtrly ) mil sq ydOrders, unfilled, end of period, compared
with average weekly productionno. weeks' prod ..
Inventories, end of period, compared withavg. weekly production no weeks' prod
Ratio of stocks to unfilled orders (at cottonmills), end of period
Exports, raw cotton equivalentthous net-weight bales §
Imports, raw cotton equivalent doProducer Price Index, gray cotton
broadwovens 1982—100
MANMADE FIBERS AND MANUFACTURESFiber production, qtrly:
Acetate filament yarn mil IbRayon staple, including tow doNoncellulosic, except textile glass:
Yarn and monofilaments doStaple incl tow do
Textile glass fiber doFiber stocks, producers', end of period:
Acetate filament yarn mil IbRayon staple, including tow doNoncellulosic fiber, except textile glass:
Yarn and monofilaments doStaple, incl tow do
Textile glass fiber doManmade fiber and silk broadwoven fabrics:
Production (qtrly.), total mil. sq yd ..Filament yarn (100%) fabrics do
Chiefly rayon and /or acetatefabrics do
Chiefly nylon fabrics doSpun yarn (100%) fabrics ... . do
Rayon and/or acetate fab-rics, blends do....
Polyester blends with cotton doAcetate filament and spun
yarn fabrics doProducer Price Index, gray synthetic
broadwovens 1982=100 ..Manmade fiber textile trade:
Exports, manmade fiber equivalent mil IbsYarn tops thread cloth do
Cloth woven doManufactured prods., apparel,
furnishings do
Yarn tops thread cloth doCloth, woven do
Manufactured products, apparel,furnishings do
Apparel total doKnit apparel . . do
WOOL AND MANUFACTURESWool consumption, mill (clean basis):
Apparel class mil IbCarpet class do
Wool imports, clean yield doDuty-free do
Wool prices, raw, shorn, clean basis, deliveredto U.S. mills:
Domestic— Graded territory, 64's, staple 2%"and up ... dollars per Ib
Australian, 64's Type 62, duty-paid . . doWool broadwoven goods, exc. felts:
Production (qtrly ) mil sq yd
FLOOR COVERINGSCarpet, rugs, carpeting (woven, tufted, other),
APPARELWomen's, misses', juniors' apparel cuttings: t
Coats thous unitsDresses do
Skirts doSlacks, jeans, dungarees, and
Blouses thous dozen
56667
551.53 60.0
11 84.6
815309
29.2
243^4
293613222
101 1
21484037
383673991 8
148224
30663264
101.9
5193122877134 58
290531 702 95
306 15207 18
1 396 81'929 36431 18
126810097 0309
1 91236
134 1
1 2542
8959131 924
89769
21971629 575
5 6832
3 64.63 53.2
11 64.6
829319
32.3
4772
260016172
1052
191 14138
4009743062
142207
2984319 6
105.6
591 872603115265
331 561 805 44
2800018252
1 525 441 033 22
48536
129713 1
105 131 1
265324
1689
1 303 8
23982174 982
7 458111 162
294 79130595
422(i)66.2
70.4
11 74.6
478310<3.0
120
2211404
1033
4671005
1,01471 1086
140251
29033332
105.3
522323 451473
28781783327 101681
151 23104 585396
4 12 74 9893 1
270335
459
341 9
6638474231 619
25,397
800889864
400
68.3
73.1
11 74.6
58.2922.3
1901433
106.0
106.4
426117 22931
25401907226951754
16377116646210
9.0128637
2703.32
395
63.7
75.9
1184.7
6.4.3222.6
2301404
103.9
106.9
482521 0113 52
27 241740725241748
14884103885451
941 48432
3003.73
295
64.9
71.4
11 84.8
479.318<3.3
1 199
1991301
107.1
4521036
1,014 21 0586
129182
279 13298
107.9
523723 6013 79
2877145 5720321226
1252585 414589
411741 26728
295341
360
3356
623240,0961 445
28,822
784959,614
346
64.4
64.3
11 84.7
6.7.3352.7
2061466
109.5
108.6
51 2422 6012 80
2864147 6023081448
124 5382 654060
1091 47 020
300348
580
65.0
64.7
1164.6
663282.6
2051438
110.6
109.0
526622 6213 36
3004114 0020 161331
938459 532470
961 18227
300347
6811
64.2
62.3
1164.6
<68.272<2.6
1 195
1991353
111.5
5301084
1,023.21 0695
142207
2984319 6
109.2
51 0923 221327
27 88120 6621 211462
994564 242302
<112* \901 7
3003.56
409
r3155
4380351261 881
26,722
651089616
6260)60.6
59.7
1164.6
6.2.3082.3
21 1987
5 112.7
5 110.0
634226561254
3686141 9822221463
1197682402854
1011 3
12027
3153.91
698(i)56.8
57.8
1154.6
6.4.3192.5
2341026
114.3
111.1
723031 161281
41 1413501188612.49
116 1576042686
1011 4
1271 9
3.974.68
735
57.7
59.6
1174.7
48.0.321<3.1
2961076
114.5
4911066
1,015.51 0666
132203
29943057
111.6
886837 is1656
5151125 4821 2314.93
10425646023.63
4 13.54188.82 1
4.354.96
3105
541
59.4
60.1
1174.7
6.7.3342.5
254986
115.8
111.9
818333 541497
482812322221115.87
101.11633425.71
10.1139.11 7
4.535.64
488
58.9
61.6
11.74.6
r6.5r.324
2.4
234904
116.0
112.3
83.5031551348
51.9414877234016.54
125.36832438.50
9.61.38.619
4.635.64
523
'61.2
62.9
11.74.6
7.9.3162.9
115.9
113.0
12.91.2
4.605.13
"60.7
57.4
4.6
1.9
115.8
113.4
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-32 SURVEY OF CURRENT BUSINESS August 1988Unless otherwise stated in footnotes
below, data through 1986 and f T .,methodological notes are as shown in LJmts
BUSINESS STATISTICS: 1986
Annual
1986 1987
1987
June July Aug. Sept. Oct. Nov. Dec.
1988
Jan. Feb. Mar. Apr. May June July
TEXTILE PRODUCTS—Continued
APPAREL— Continued
Men's apparel cuttings: $$Suits thous unitsCoats (separate), dress and sport doTrousers, slacks, jeans, pants, etc . doShirts, dress and sport thous. doz
Hosiery, shipments thous. doz. pairs..
10 55219794
293 42348028
313,244
12 16718 236
7 480 35086649
308,982
28744 154
120 9672386124,363 27,509 24,060
29254 578
125 82321 14025,018 28,333 26,545
29673955
109 5681968922,875 24,013 25,729 26,184 24,718 24,886 27,084
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly, total mil. $..U.S. Government do
Prime contract doSales (net), receipts, or billings, quarterly,
total..... do.U.S. Government do..
Backlog of orders, end of period # do....U.S. Government do.
Aircraft (complete) and parts do....Engines (aircraft) and parts do.Missiles, space vehicle systems, engines,
propulsion units, and parts mil. $..Other related operations (conversions, modi-
fications), products, services mil. $..
Aircraft (complete):Shipments doExports, commercial do ....
MOTOR VEHICLES (NEW)
Passenger cars:Factory sales (from U.S. plants):
Total .. . thous
Retail sales, total, not seas, adj do....Domestics § doImports § do
Total seas adj at annual rate milDomestics § doImports § do
Retail inventories, domestics, end of period: §Not seasonally adjusted thous..Seasonally adjusted do
Inventory-retail sales ratio, domestics § .
Exports (BuCensus), total do....To Canada do
Imports (ITC) complete units doFrom Canada, total do
Registrations 6, total new vehicles do....Imports, including domestically
sponsored .. .. do
Trucks and buses:Factory sales (from U.S. plants):
Total doDomestic do
Retail sales, domestics:Total, not seasonally adjusted do....
0-10,000 Ibs. GVW do10,001 Ibs. GVW and over do .
Total, seasonally adjusted do....0-10,000 Ibs. GVW do....10,001 Ibs GVW and over .... do
Retail inventories, domestics, end of period: tNot seasonally adjusted thousSeasonally adjusted. . . . . . do
Exports (BuCensus) do ....Imports (BuCensus), including separate
chassis and bodies do....
Registrations <>, new vehicles, excluding busesnot produced on truck chassis thous
Truck trailers and chassis, complete (excludesdetachables), shipments number ..
Van type doTrailer bodies (detachable), sold
separately . . . . . . . doTrailer chassis (detachable), sold
separately do
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; allrailroads and private car lines (excludesrebuilt cars and cars for export):
Shipments numberEquipment manufacturers do...
New orders do ...Equipment manufacturers do ..
Unfilled orders end of period doEquipment manufacturers do
Freight cars (revenue), class I railroads(AAR): $Number owned end of period thousCapacity (carrying), total, end of month
mil. tons.Average per car tons
3 110,8363 68 001
3 106,686
3 105,5773 65,326
3 148,2123 95,0093 62,0323 14,359
3 24,320
3 17,422
12,518.07,207
7,5166,869
11,4508,2153,235
1,4991,515
2.2
669.46639.674,691.31,162.2
11,140
3,444
3,3933,130
' 3,947.23,671.3; 275.8
815.7854.5
209.06
1,572.35
4,801
167,312120,647
417
15,360
11,50811,50812,42612,4262,6772,677
799
67.2084.14
3 119,0983 64 892
3 115,298
3 109,0533 67 ,680
3 157,2503 91,4363 64,4943 15,521
3 30,259
3 16,527
12,295.07,380
5 7,0855 6,487
10,2787,0813,197
1,6801,702
2.9
627.65561.88
4,589.0926.9
10,122
3,625
63,8216 3,509
4,088.43,786.1
302.3
967.91,015.4229.27
1,378.19
4,939
180,142135,380
438
23,014
'13,236'13,2361 17,3681 17,368
6,7366,736
749
63.6385.01
1,041.2346
665595
943657286
10.47.23.2
1,9001,838
3.1
77.1472.45435.2
89.0
963
334
334304
402.3375.7
26.6
357.1332.7
24.4
975.9942.423.96
123.32
485
16,26611,841
37
1,637
3,1983,1984,7804,7805,4325,432
771
65.1984.57
1,143.1937
373349
913611302
10.77.43.3
1,6571,686
2.7
25.3120.14393.151.8
899
340
261243
367.8341.5
26.3
352.2327.7
24.5
883.7963.614.68
114.70
455
14,36910,460
41
3,521
764
64.7284.68
685.1390
377355
968654314
12.08.33.7
1,4381,563
2.2
31.5829.11342.7
34.8
903
339
305287
349.8324.5
25.3
406.9380.5
26.4
874.4926.112.95
91.66
424
15,48311,642
48
2,175
763
64.6584.73
1,081.5730
582529
90561329211.78.23.6
1,3961,487
2.2
49.2247.20297.8
57.4
955
363
325299
328.7302.7
26.0
338.7313.5
25.3
898.4945.121.20
93.15
459
16,39412,281
54
2,323
3,8483,8483,9513,9515,5355,535
759
64.3384.80
878.9335
670610
8025242789.25.93.3
1,5591,655
3.4
51.1444.07423.681.5
819
318
364333
331.4305.4
26.1
344.7319.9
24.8
967.3987.419.19
94.25
403
16,37912,157
42
1,794
755
64.0284.83
885.2781
583533
7374862519.66.43.2
1,6921,745
3.3
69.7058.71427.8103.1
718
286
303276
323.9299.9
24.0
346.3317.6
28.7
990.4991.824.14
112.94
367
13,89410,467
20
1 481
748
63.4984.89
1,767.7903
500458
84355129310.87.43.4
1,6801,702
2.8
48.5541.72437.5
92.7
840
318
294268
350.4323.0
27.3
342.6316.8
25.8
967.91,015.4
21.16
105.54
417
14,23310,579
19
1,805
3,5523,5525,0775,0776,7366,736
749
63.6385.01
737.4504
r472r435
76553123410.77.53.1
1,6771,626
2.6
43.8033.94379.891.0
774
285
317295
306.6284.3
22.34 362.64 336.3
4 26.3
1,024.01,007.0
18.65
96.25
384
12,6618,946
37
1,711
744
63.3785.13
1,235.3744
r563r504
88864923811.17.93.2
1,6081,518
2.3
68.1460.17369.2107.3
810
281
344318
374.8348.1
26.7
384.6353.8
30.9
8 1,034.88 986.322.57
94.04
379
14,60110,791
39
2,497
742
63.5285.58
1,447.51,056
'665'592
1,006734272
10.67.53.1
1,5721,485
2.4
83.7170.40355.2114.0
919
306
402364
439.7407.4
32.3
374.5344.6
29.9
1,022.7972.128.01
120.94
443
16,11111,325
76
2,356
4,4574,4577,2447,209
12,72712,692
743
63.3885.29
1,363.11,003
'613''552
90165225010.57.23.3
1,5711,503
2.5
68.7857.38394.7117.8
852
284
340311
382.4350.232.1
377.2348.2
29.0
1,020.4968.423.32
109.40
432
13,7799,553
114
2,785
740
63.2185.39
1,573.11,063
'690'626
974702272
10.47.33.0
1,595rl,563
2.6
74.9164.12378.9114.9
874
290
366333
426.0395.8
30.2
386.4357.0
29.4
992.9943.824.18
90.81
432
'14,619'10,226
'462
2,163
"»'
738
63.1085.48
1,360.2956
726670
1,010722287
911.097.893.1
1,663"1,590
92.4
67.3352.51
121.3
981
333
372343
426.9395.831.1
365.3337.5
27.8
987.6953.422.14
102.25
487
15,01810,850
619
2,554
4,5984,5989,1319,131
17,25517,225
735
62.8785.55
(2)
'863605
'258'10.7
7.8'3.0
1,4061,475
2.3
(2)
385.5356.529.1
396.5367.9
28.6
851.6928.9
See footnotes at end of tables.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 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.
Address requests for data to:Statistical Series BranchCurrent Business Analysis DivisionBureau of Economic AnalysisU.S. Department of CommerceWashington, D.C. 20230
Page S-lt Revised series. See Tables 2.6 - 2.9 in the July 1988 SURVEY for revised estimates
for 1985-87.$ Includes inventory valuation and capital consumption adjustments.§ Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.O See note "O" for p. S-2.
Page S-21. Based on data not seasonally adjusted.O Effective Oct. 1987 SURVEY, the industrial production index has been revised back
to Jan. 1985. These revisions are available upon request.# Includes data not shown separately,t See note "t" for p. S-8.$ See note "$" for p. S-8.
Page S-3# Includes data for items not shown separately.t See note "t" for p. S-8.t See note "$" for p. S-8.
Page S-41. Based on data not seasonally adjusted.# Includes data for items not shown separately.t Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industriesare zero.
O For these industries (food and kindred products, tobacco, apparel and other textileproducts, petroleum and coal, chemicals and allied products, and rubber and plastics products)sales are considered equal to new orders.
Page S-5@ Compiled by Dun & Bradstreet, Inc.# Includes data for items not shown separately.§ Ratio of prices received to prices paid (parity index).$ See note "t" for p. S-4.t Effective with the Feb. 1988 SURVEY, data (back to 1984, for some commodities) have
been revised. Effective with July 1988 SURVEY, data (back to 1982, for some commodities)have been revised. These revisions are available upon request.
O See note "t" for p. S-6.
Page S-6§ Effective with the release of the January 1988 index, all producer price indexes previously
expressed on a base of 1967=100, or any other base through December 1981, have beenrebased to 1982=100. Only indexes with a base later than December 1981 remain unchanged.Selection of the 1982 period was made to coincide with the reference year of the shipmentweights, which have been taken primarily from the 1982 Census of Manufactures. The lastrebasing of these indexes occurred in February 1971, when the 1967 base was substitutedfor the 1957-59 base. Historical data on the new base are available upon request. For producerprice indexes of individual commodities, see respective commodities in the Industry sectionbeginning p. S-l 9. All indexes subject to revision four months after original publication.
# Includes data for items not shown separately.t Effective with the release of the January 1988 index, all consumer price indexes previously
expressed on a base of 1967=100, or any other base through December 1981, have beenrebased to 1982-84=100. Only indexes with a base later than December 1981 remainunchanged. Selection of the 1982-84 period was made to coincide with the updated expenditureweights, which are based upon data tabulated from the Consumer Expenditure Surveys for1982, 1983, and 1984. The last rebasing of these indexes occurred in February 1971, whenthe 1967 base was substituted for the 1957-59 base. Historical data on the new base areavailable upon request. Beginning with January 1987, data are calculated using 1982-84expenditure patterns and updated population weights. Additional information regardingthese changes is available from the Bureau of Labor Statistics, Washington, DC 20212.
Page S-71. Computed from cumulative valuation total.2. Index as of Aug. 1, 1988: building, 386.5; construction, 422.8.# Includes data for items not shown separately.§ Data for July, Oct., and Dec. 1987, and Mar. 1988 are for five weeks; other months
four weeks.
O Effective Feb. 1988 SURVEY, data for seasonally adjusted housing starts have beenrevised back to 1985. These revisions are available upon request.
t Effective May 1988 SURVEY, data for seasonally adjusted building permits have beenrevised back to Jan. 1986. These revisions are available upon request.
@ Effective July 1988 SURVEY, data have been revised back to Jan. 1985. In additionto the normal revisions to the unadjusted and seasonally adjusted data, the "Improvements"component of private residential buildings has been revised back to 1982 to adjust for achange in estimation of the monthly data. Revised data are available from the ConstructionStatistics Division at the Bureau of the Census, Washington, DC 20233.
$ Effective July 1988 SURVEY, data have been revised back to 1985 and are availableupon request.
Page S-81. Advance estimate.O Home mortgage rates (conventional first mortgages) are under money and interest
rates on p. S-l4.§ Data include guaranteed direct loans sold.# Includes data for items not shown separately.@ Effective Oct. 1987 SURVEY, data are for mortgage loans closed as FSLIC-insured
institutions. Historical data back to 1976 are available upon request.t Effective April 1988 SURVEY, wholesale trade data have been revised back to Jan.
1983. Revised data and a summary of changes appear in the report. Revised Monthly WholesaleTrade Sales and Inventories BW-13-87S, available from the Bureau of the Census, Wash-ington, DC 20233.
$ Effective April 1988 SURVEY, retail trade data have been revised. Estimates of retailsales and inventories have been revised back to January 1983. Some series have been revisedback to 1978. Revised data and a summary of changes appear in the report Revised MonthlyRetail Sales and Inventories BR-13-87S, available from the Bureau of the Census, Wash-ington, DC 20233.
Page S-91. Advance estimate.# Includes data for items not shown separately.O Effective with the January 1988 SURVEY, the seasonally adjusted labor force series
have been revised back to January 1983. The January 1988 issue of Employment and Earn-ings contains the new seasonal adjustment factors, a description of the current methodology, andrevised data for the most recent 13 months or calendar quarters. Revised monthly data forthe entire 1983-87 revision period are in the February 1988 issue of Employment and Earnings.
t The participation rate is the percent of the civilian noninstitutional population in thecivilian labor force. The employment-population ratio is civilian employment as a percentof the civilian noninstitutional population, 16 years and over.
@ Data include resident armed forces.$ See note "$" for p. S-8.
Page S-10O See note "O" for p. S-9.§ Effective June 1988 SURVEY, data have been revised back to April 1986 (not seasonally
adjusted) and January 1983 (seasonally adjusted) to reflect new benchmarks and seasonaladjustment factors. The June 1988 issue of Employment and Earnings will contain a detaileddiscussion of the effects of the revisions.
PageS-11t This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated withsufficient precision.
O Production and nonsupervisory workers.§ See note"§" for p. S-10.
Page S-121. This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated withsufficient precision. Use the corresponding unadjusted series.
§ See note "§" for p. S-10.0 Production and nonsupervisory workers.$ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index. Effective Feb. 1988 SURVEY, this series has been revised back to1983 to reflect new seasonal factors for the CPI-W. Revised data are available upon request.
§§ Wages as of Aug. 1, 1988: Common, $17.41; Skilled, $22.71.t Excludes farm, household, and Federal workers.$$ See note "$" for p. S-l 1.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-34 SURVEY OF CURRENT BUSINESS August 1988
Page S-131. Average for Dec.2. Effective December 31, 1987, eight brokers and dealers in commercial paper were
added to the reporting panel resulting in a series break. End of month figures on the old basisare as follows: All issuers, 352,915; financial companies, 275,907; dealer placed, 103,667;directly placed, 172,240; and nonfinancial companies, 77,008.
t Effective Aug. 1988, SURVEY, free reserves have been restated to correspond with theFederal Reserve's computation, which is as follows: excess reserves, minus borrowings, plusextended credit. Historical data back to 1961 are available upon request.
$ Effective Jan. 1988, series revised due to changes in the panel of reporting banks. Thenew reporting panel of 168 banks accounts for about 52 percent of total assets in U.S. officesof domestically-chartered banks. Back data have been estimated for the years 1984-87.
# Includes data for items not shown separately.# "Transaction balances other than demand deposits" consists of ATS, NOW, super
NOW, and telephone transfer accounts.§ Excludes loans and federal funds transactions with domestic commercial banks and
includes valuation reserves (individual loan items are shown gross; i.e., before deduction ofvaluation reserves).
@ Insured unemployment (all programs) data include claims filed under extended durationprovisions of regular State laws; amounts paid under these programs are excluded fromstate benefits paid data.
@@ Insured unemployment as a percent of average covered employment in a 12-monthperiod.
** Effective Aug. 1987 SURVEY, data are provided by the Farm Credit Corporation ofAmerica on a quarterly basis. Quarterly data are available back to first quarter 1985, withannual data available back to 1961.
Page S-141. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.2. Weighted by number of loans.3. Beginning Feb. 1988, data temporarily suspended by the Farm Credit Administra-
tion, which is revising the information it collects and amending the reports it distributes.§ Effective Mar. 1988 SURVEY, data have been revised to reflect new benchmark and
seasonal adjustments. These revisions are available upon request.t Effective Apr. 1988 SURVEY, the consumer installment credit series have been revised
back to Jan. 1980 to reflect newly available historical information and to incorporate newseasonal factors. These revisions are available upon request.
# Includes data for items not shown separately.O Adjusted to exclude domestic commercial interbank loans and federal funds sold to
domestic commercial banks.$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equiva-
lent.§§ Effective Apr. 1988 SURVEY, a total adjustment of $920 million for fiscal year (FY)
1987 and $1,565 million thru Feb. 1988 has been distributed by month for notes issued bythe Federal Savings and Loan Insurance Corporation (FSLIC) in lieu of cash and not reported asoutlays. The previous adjustment, in the Feb. 1988 SURVEY, has been reversed prior tothese corrections. Effective Sept. 1987 SURVEY, the outlays for the Federal Deposit Insur-ance Corporation (FDIC) have been adjusted by $442 million for 1986 and $158 million for1987 to reflect FDIC debentures issued in lieu of cash and not reported previously as outlays.n Courtesy of Metals Week.@@ Average effective rate@ Revised for periods between October 1986 and February 1987. During this interval,
outstanding gold certificates were inadvertently in excess of the gold stock.
Page S-151. Beginning in the first quarter 1987, the universe of manufacturing corporations was
redefined to exclude corporations with less than $250,000 in assets at the time of sampleselection.
t Effective Feb. 1988 SURVEY, the money stock measures and components have beenrevised and are available from the Banking Section of the Division of Research and Statis-tics at the Federal Reserve Board, Washington, D.C. 20551.
t Composition of the money stock measures is as follows:Ml.—This measure is currency plus demand deposits at commercial banks and interest-earning checkable deposits at all depository institutions—namely NOW accounts, auto-matic transfer from savings (ATS) accounts, and credit union share draft balances—as wellas a small amount of demand deposits at thrift institutions that cannot, using present datasources, be separated from interest-earning checkable deposits.A/2.—This measure adds to Ml overnight repurchase agreements (RP's) issued by com-mercial banks and certain overnight Eurodollars (those issued by Caribbean branches ofmember banks) held by U.S. nonbank residents, money market mutual fund shares, andsavings and small-denomination time deposits (those issued in denominations of less than$100,000) at all depository institutions. Depository institutions are commercial banks (includ-ing U.S. agencies and branches of foreign banks, Edge Act corporations, and foreign investmentcompanies), mutual savings banks, savings and loan associations, and credit unions.A/3.—This measure equals M2 plus large-denomination time deposits (those issued in denomi-nations of $100,000 or more) at all depository institutions (including negotiable CD's) plusterm RP's issued by commercial banks and savings and loan associations.L.—This broad measure of liquid assets equals M3 plus other liquid assets consisting ofother Eurodollar holdings of U.S. nonbank residents, bankers acceptances, commercialpaper, savings bonds, and marketable liquid Treasury obligations.
it Includes ATS and NOW balances at all depository institutions, credit union sharedraft balances, and demand deposits at thrift institutions.
O Overnight (and continuing contract) RP's are those issued by commercial banks tothe nonbank public, and overnight Eurodollars are those issued by Caribbean branches ofmember banks to U.S. nonbank customers.
(a) Small time deposits are those issued in amounts of less than $100,000. Large timedeposits are those issued in amounts of $100,000 or more and are net of the holdings ofdomestic banks, thrift institutions, the U.S. Government, money market mutual funds, andforeign banks and official institutions.
# Includes data for items not shown separately.§ Effective Apr. 1988 SURVEY, 1987 data have been revised. Revisions for Jan. 1987:
long-term, 7,486; short-term, 372.
Page S-16@ Effective with the June 1988 SURVEY, total exports and imports have been revised
back io Jan. 1986. These revisions are available upon request. Data may not equal thesum of the geographic regions, or commodity groups and principal commodities, becausethe revisions to the totals are not reflected in the component items.
t Effective with the June 1988 SURVEY, seasonal adjustment of exports and importswas reintroduced. The monthly data were last adjusted for December 1985. Historical datafrom Jan. 1986 forward are available upon request.
§ Number of issues represents number currently used; the change in number does notaffect the continuity of the series.
$ For bonds due or callable in 10 years or more.# Includes data for items not shown separately.
Page S-17@ See note for p. S-16.t See note for p. S-16.# Includes data not shown separately.
Page S-181. Annual total; quarterly or monthly revisions are not available.2. Restaurant sales index data represent hotels and motor hotels only.3. For month shown.# Includes data for items not shown separately.§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service.# Data have been revised back to 1981. They now include commuter railroads and small
transit systems. Revised data are available upon request.$ The threshold for Class I railroad status is adjusted annually by the Interstate Com-
merce Commission to compensate for inflation.O Average daily rent per room occupied, not scheduled rates.## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.t Before extraordinary and prior period items.@ Changes in these unit value indexes may reflect changes in quality or product mix as
well as price changes.
Page S-191. Reported annual total; monthly revisions are not available.2. Less than 500 short tons.# Includes data for items not shown separately.§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.t Data for 1985-86 (and 1984, for inorganic chemical production items) have been revised
and are available upon request.O Beginning January, 1986, data are not directly comparable to earlier periods because
the data represent only companies that have annual revenues over $100 million.
Page S-201. Reported annual total; monthly or quarterly revisions are not available.2. Data are no longer available.§ Data are not wholly comparable from year to year because of changes from one classi-
fication to another.O Data for 1985-86 have been revised and are available upon request.@ Includes less than 500 electric generation customers not shown separately.t Effective with the May 1988 SURVEY, data have been revised back to 1985 and are
available upon request.
Page S-211. Previous year's crop. New crop is not reported until Sept. (crop year: Sept. 1-Aug. 31).2. Crop estimate for the year.3. Stocks as of June 1.4. Stocks as of June 1 and represents previous year's crop; new crop not reported until
June (beginning of new crop year).5. Less than 50,000 bushels.6. Stock estimates for barley and oats are available once a year as June 1 stocks and
shown here in the May column and (as previous year's crop) in the annual column.7. Stocks as of Dec. 1.8. See note "§" for p. S-6 regarding a change to a new reference base in 1988.9. Prices are no longer available.10. Based on quotations for fewer than 12 months.11. Aug. 1 estimate of the 1988 crop.§ Excludes pearl barley.# Bags of 100 Ibs.@ Quarterly data represent the 3-month periods Dec.-Feb., Mar.-May, June-Aug.,
and Sept. -Nov. Annual data represent Dec.-Nov.t Coverage for 21 selected States, representing approximately 85 percent of U.S. production.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
August 1988 SURVEY OF CURRENT BUSINESS S-35
Page S-221. Monthly quotation not available.2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.3. See note "t" for this page.§ Cases of 30 dozen.O Bags of 60 kilograms.t Effective with the release of 1st Qtr. 1988 data, the import price index for coffee has
been discontinued by BLS and replaced in the SURVEY with the import price index forcoffee and coffee substitutes. The weighting structure used for the import price index reflectsU.S. foreign trade flows based on 1985 data. Indexes, beginning with 2nd Qtr. 1975, areavailable upon request.
Page S-231. Crop estimate for the year.2. Reported annual total; revisions not distributed to the months.3. Data suppressed because they did not meet publication standards of the Bureau of
the Census.4. See note "§" for p. S-6 regarding a change to a new reference base in 1988.5. Aug. 1 estimate of the 1988 crop.# Totals include data for items not shown separately.
Page S-241. Annual data; monthly revisions not available.2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.# New series from the American Metal Market. The composite scrap price represents
the average of consumers' buying prices, delivered, at the following markets: Chicago,Pittsburgh, and Philadelphia. Annual and monthly composite price data are available backto January 1982.
Page S-251. Annual data; monthly revisions are not available.2. For month shown.@ Beginning 1987, includes foreign ores.t Beginning January 1982, data represent metallic (mostly aluminum) content. Data for
1981 and prior years represent aluminum content only.O The source for these series is now the Bureau of Mines.§ Source: Metals Week.
Page S-261. Annual data; monthly revisions are not available.2. Less than 50 tons.3. Total for 5 months; data for May, June, Sept., Nov., and Dec.4. Total for 10 months; no data for Jan. and Feb.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 purchased
for direct shipment.$ Source for monthly data: American Bureau of Metal Statistics. Source for annual
data: Bureau of Mines.# Includes data not shown separately.§ Beginning with the Aug. 1985 SURVEY, unadjusted fluid power shipments indexes are
shown. Seasonally adjusted indexes are no longer available.t For an explanation of material handling equipment shipments and historical data, see
p. S-35 of the Dec. 1985 SURVEY.@@ Beginning Oct. 1986, the Lead price represents North American Mean.
Page S-271. See note "§" for p. S-6 regarding a change to a new reference base in 1988.2. Beginning January 1986, data have been restated because a new methodology has
been adopted.# Includes data for items not shown separately.§ Includes nonmarketable catalyst coke. See also note "tf'for this page.O Includes small amounts of "other hydrocarbons and alcohol new supply (field
production)," not shown separately.t Effective with the Oct. 1987 SURVEY, coal production data for 1986 have been revised.
Effective with the May 1988 SURVEY, coal consumption and stocks back through 1986have been revised. These revisions are available upon request.
@ Includes U.S. produced and imported microwave ovens and combination microwaveoven/ranges.
$ "Tractor shovel loaders" includes some front engine mount wheel tractors that hadpreviously been included in "Tractors, wheel, farm, and nonfarm."
ft Effective with the June 1988 SURVEY, data for 1987 have been revised and are avail-able upon request.
$$ March, June, September and December are five-week months. All others consist offour weeks.
Page S-281. Reported annual totals; revisions not allocated to the months.2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.# Includes data for items not shown separately.t Except for price data, see note "ft" for p. S-27.
Page S-291. Reported annual totals; revisions not allocated to the months.2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.O Source: American Paper Institute. Total U.S. estimated consumption by all newspaper
users.# Compiled by the American Newspaper Publishers Association.t Effective with the April 1988 SURVEY, the import price index for natural rubber has
been revised. The index is now expressed on a base of 1985 = 100. Also new weights based on1985 trade flows have been applied to all data from 1985 onward. Revised data are availableback to 4th qtr. 1983.
PageS-301. Reported annual total; revisions not allocated to the months.2. Monthly data are being withheld to avoid disclosing data from individual firms. Annual
total covers 9 months.3. Data cover five weeks; other months, four weeks.# Includes data for items not shown separately.O Cumulative ginnings to the end of month indicated.§ Bales of 480 Ibs.t Data for 1987 have been revised and are available upon request.
PageS-311. Less than 500 bales.2. Annual total includes revisions not distributed to the months.3. Average for crop year; Aug. l.-JuI. 31.4. For five weeks; other months four weeks.5. See note "§" for p. S-6 regarding a change to a new reference base in 1988.O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised .price
reflects total quantity purchased and dollars paid for the entire month (revised price includesdiscounts and premiums).
# Beginning 1st Qtr. 1986; quarterly data are estimated by the American TextileManufacturers Institute based on annual data collected by the Bureau of Census.
§ Bales of 480 Ibs..t Beginning 1st Qtr. 1987, data are not comparable with earlier periods. Girls apparel
are now included with women's, misses' and juniors' and boys' apparel are now includedwith men's. Also, some classification changes were made.
Page S-321. Annual total includes revisions not distributed to the months.2. Production of new vehicles (thous. of units) for July 1988: passenger cars, 367; trucks
and buses, 235.3. Data are reported on an annual basis only.4. Effective with the Feb. 1988 SURVEY, data have been revised back to 1985 and are
available upon request.5. Beginning with January 1987, data include Honda, Nissan, and Toyota passenger cars
produced in U.S. plants.6. Beginning with January 1987, data include Nissan trucks produced in U.S. plants.7. Beginning with 1st qtr. 1987, jeans, jean-cut casual and dungarees are included with
trousers.8. See note "t" for this page.9. Effective with July 1988 SURVEY, data have been revised back to 1985 and are avail-
able upon request.# Total includes backlog for nonrelated products and services and basic research.§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.Imports comprise all other cars.
O Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some statesare not available, month-to-month comparisons are not strictly valid.
$ Excludes railroad-owned private refrigerator cars and private line cars.t Effective with the Mar. 1988 SURVEY, retail inventories for trucks and buses have
been restated to exclude captive imports (vehicles manufactured overseas by U.S. affili-ates). These data are available back through 1966.
t$ See note "t" for page S-31.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-36 SURVEY OF CURRENT BUSINESS August 1988
Index to Current Business StatisticsSections
General:Business indicatorsCommodity pricesConstruction and real estateDomestic tradeLabor force, employment, and earnings . . ,Finance .
1-55,67,88,9
9-1313-16
Foreign trade of the United States ..........'.'.'.'.'.'.'.'.' 16-18Transportation and communication 18,19
Industry:Chemicals and allied products 19, 20Electric power and gas 20Food and kindred products; tobacco 20-23Leather and products 23Lumber and products 23,24Metals and manufactures 24-27Petroleum, coal, and products 27, 28Pulp, paper, and paper products 28, 29Rubber and rubber products 29Stone, day, and glass products 30Textile products 30-32Transportation equipment 32
Footnotes 32-35
Individual Series
Advertising .................................... 8, 12Aerospace vehicles ............................... 32Agricultural loans ................................ 13Air carrier operations ............................... 18Air conditioners (room) ............................ 27Aircraft and parts ................ ................ 4, 5, 32Alcohol, denatured and ethyl ........................ 19Alcoholic beverages .............................. 8, 20Aluminum ..................................... 25Apparel ............................... 2, 4-6, 8-12, 31, 32Asphalt ....................................... 28Automobiles, etc ..................... 2-4, 6, 8, 9, 14, 15, 17, 32
Banking ....................... ............... 13, 14Barley ........................................ 21Battery shipments . .v. ............................. 27Beef and veal ........ .......................... 22Beverages ..................................... 8, 17, 20Blast furnaces, steel mills ..................... . ..... 3-5Bonds, issued, prices, sales yields .................... 15, 16Brass and bronze ................................ 26Brick ....... . .... ............................. 30Building and construction materials .................... 2, 4, 5Building costs .................................. 7Building permits ................................. 7Business incorporation (new), failures .................. 5Business sales and inventories ....................... 2, 3Butter ____ ____ , ............................... 21
CarpetsCattle and calvesCementChain-store sales, firms with 1 1 or more storesCheese
312230
. ..... 9.............................. . ........ 21
Chemicals ............... .......... 2-4, 10-12, 15, 17, 19, 20Cigarettes and cigars ............................. 23Clay products .................................. 2-4, 30Clothing (see apparel)Coal ......................................... 2, 27Cocoa ....................................... 22Coffee ....................................... 22Coke ........................................ 27Combustion, atmosphere, heating equipment .......... ... 26Communication .......................... ....... 15, 19Construction:
Contracts ................................... 7Costs ........... ........................... 7Employment, unemployment, hours, earnings ...... ..... 10-12Housing starts ................................ 7New construction put in place ...................... 7
Consumer credit ................................. 14Consumer goods output, index ....................... 1,2Consumer Price Index ............................. 5, 6Copper and copper products ........................ 25, 26Corn ......................................... 21Cost of living (see Consumer Price Index) ............... 5, 6Cotton, raw and manufactures ........................ 5, 30, 31Credit, commercial bank, consumer .................... 14Crops ...................................... 5, 21-23, 30Crude oil ................................ . ..... 3, 27Currency in circulation ............................. 15
Dairy products .................................. 5, 21/Debt, U.S. Government ............................ 14Deflator, PCE .................................. 1Department stores, sales, inventories ................... 9 '•Deposits, bank ....... ........................... 13, 15Dishwashers and disposers ......................... 27
Disposition of personal income .Distilled spiritsDividend paymentsDrugstores, sales
120
1,15
8,9
Earnings, weekly and hourly 12Eating and drinking places 8, 9Eggs and poultry 5,22Electric power 2, 20Sectrical machinery and equipment 2-5,10-12,15, 27Employee-hours, aggregate, and indexes 11Employment and employment cost 10-12Exports (see also individual commodities) 16-18
Failures, industrial and commercial.Farm pricesFats and oilsFederal Government financeFederal Reserve SystemFederal Reserve member banks...FertilizersFishFlooring, hardwoodFlour, wheatRuid power products.
.............. 5.............. 5, 6.............. 17.............. 14.............. 13.............. 13.............. 19.............. 22.............. 24
.............. 22.............. 26
Food products ..................... 2-6, 8, 10-12, 15, 17, 20-23Foreign trade (see also individual commod.) .............. 16-18Freight cars (equipment) ........................... 32Fruits and vegetables ............................. 5Fuel oil ........... ............................ 6,28Fuels .................................... 2, 6, 17, 27, 28Furnaces ...................................... 27Furniture ..................................... 2, 6, 8-12
Gas, output, prices, sales, revenues ................... 2, 6, 20Gasoline ...................................... 28Glass and products ............................... 30Glycerin ...................................... 19Gold ......................................... 14Grains and products .................. , ........... 5, 21, 22Grocery stores . ................................. 9Gypsum and products ............................. 30
Hardware storesHeating equipmentHelp-wanted advertising indexHides and skinsHogsHome loan banks, outstanding advancesHome mortgagesHotels, motor hotels, and economy hotelsHours, average weekly
826126
2288
1811
Housefumishings ............................... 2, 4-6, 8, 9Household appliances, radios, and television sets .......... 27Housing starts and permits .......................... 7
Imports (see also individual commodities) ................ 17, 18Income, personal ................................ 1Income and employment tax receipts ................... 14Industrial production indexes:
By industry .................................. 1,2By market grouping ............................ 1,2
Installment credit ................................ 14Instruments and related products .................... 2-4, 10-12Interest and money rates ........................... 14Inventories, manufacturers' and trade .................. 3, 4, 8, 9Inventory-sales ratios ............................. 3Iron and steel ................................ 2, 15, 24, 25
Laborforce .................................... 9,10Lamb and mutton ................................ 22Lead ........................................ 26Leather and products ......................... 2, 6, 10-12, 23Livestock ...................................... 5,22Loans, real estate, agricultural, bank (see also Consumer credit) 8,13Lubricants ..................................... 28Lumber and products ....................... 2, 6, 10-12, 23, 24
Machine tools .................................. 26Machinery ......................... 2-6, 10-12, 15, 17, 26, 27Manufacturers' sales (or shipments), inventories, orders ...... 3-5Manufacturing employment, unemployment, production workers,
hours, earnings ............................... 10-12Manufacturing production indexes ..................... 1,2Meat animals and meats ........................... 5, 22Medical care ................................... 6Metals .............................. 2-6, 10-12, 15, 24-26Milk ......................................... 21Mining ....................................... 2, 10-12Mobile homes, shipments, installment credit .............. 7, 14Monetary statistics ............................... 15Money and interest rates ........................... 14Money supply .................................. 15Mortgage applications, loans, rates . . . . . ............... 8, 13, 14Motor carriers .................................. 18Motor vehicles ......................... 2-4, 6, 8, 9, 15, 17, 32
National parks, visits 18Newsprint 29New York Stock Exchange, selected data 16Nonferrous metals 2, 4, 5,15, 25, 26Oats... 21Oils and fats 17Orders, new and unfilled, manufacturers' 4,5Outlays, U.S. Government 14
Paint and paint materials 20Paper and products and pulp 2-4, 6,10-12,15, 28, 29Parity ratio 5Passenger cars 2-4, 6, 8, 9,15,17,32Passports issued 18Personal consumption expenditures 1Personal income 1Personal outlays 1Petroleum and products 2-4, 10-12,15,17, 27, 28Pig iron 24Plastics and resin materials 20Population 9Pork 22Poultry and eggs 5, 22Price deflator, implicit (PCE) 1Prices (see also individual commodities) 5,6Printing and publishing 2,10-12Private sector employment, hours, earnings 10-12Producer Price Indexes (see also individual commodities) 6Profits, corporate 15Public utilities 1, 2, 7,15,16, 20Pulp and pulpwood 28Purchasing power of the dollar 6
Radio and television 8, 27Railroads 13,16,18, 32Ranges and microwave ovens 27Rayon and acetate 31Real estate 8,13Receipts, U.S. Government 14Refrigerators 27Registrations (new vehicles) 32Rent (housing) 6Retail trade 2, 3,5, 8-12,14,32Rice 21Rubber and products (ind. plastics) 2-4,6,10-12, 29
Saving, personal 1Savings deposits 13Savings institutions 8,14Securities issued 15Security markets 15,16Services 6,10-12Sheep and lambs 22Shoes and other footwear 23Silver 14Spindle activity, cotton 31Steel and steel manufactures 24,25Stock market customer financing 15Stock prices, yields, sales, etc 16Stone, day, glass products 2-4,10-12,15, 30Sugar 23Sulfur 19Sulfuricadd 19Superphosphate 19Synthetic textile products 31Tea imports 23Telephone carriers 19Television and radio 27Textiles and products 2-4,10-12,15, 30-32Tin 26Tires and inner tubes 29Tobacco and manufactures 2-4,10-12,23Tractors 27Trade (retail and wholesale) 2, 3, 5, 8-12,32Transit lines, urban 18Transportation 6,10-12,15,16,18Transportation equipment 2-6,10-12,15,17, 32Travel 18Trucktrailers 32Trucks 2, 32
Unemployment and insurance 9,10,13U.S. Government bonds 16U.S. Government finance 15Utilities 2, 6, 7,15, 16, 20Vacuum cleaners 27Variety stores 9Vegetables and fruits 5
Wages and salaries 1,12Washers and dryers 27Water heaters 27Wheat and wheatflour 21,22Wholesale trade 2,3, 5, 8,10-12Wood pulp 28Wool and wool manufactures 31Zinc 26
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BEA Information
Available From GPO
SURVEY OP CUKEENT BUSINESS, Contains estimates and analyses of U.S.economic activity. Features include a review of current economic develop-ments; articles pertaining to BEA's work on the national, regional, andinternational economic accounts and related topics; quarterly nationalincome and product accounts tables; and 36 pages of tables that presentover 1,900 major economic series obtained from other public and privatesources. Monthly. $6.50 single copy; $18,00 per year.
Business Statistics: 1986, (1987) Provides monthly or quarterly datafor 1983-86 and annual data for 1961-86 for series that appear in theSURVEY OF CURRENT BUSINESS. Also contains definitions of terms, sources ofdata, and methods of compilation. 325 pages. $16,00 (GPO Stock No. 003-010-00181-0).
Business Conditions Digest. Contains tables and charts for 300series, including business cycle indicators and other series that helpevaluate business conditions. Features the composite indexes of leading,coincident, and lagging indicators. Also included are cyclical comparisoncharts and data sources. Monthly, $4.00 single copy; $44.00 per year.
Handbook of Cyclical Indicators. (1984) Contains series descrip-tions and data for 1947--82 for all series that appear in Business ConditionsDigest. Features the composite indexes of cyclical indicators. 195 pages.$5.50 (GPO Stock No. 003-010-00127-5).
The National Income and Product Accounts of the United States,1929-82: Statistical Tables. (1986) Contains detailed estimates of thenational income and product accounts for 192&-82 from the comprehen-sive revision released in 1985. Also includes definitions of the major com-ponents of the accounts and of the major sectors of the economy, 442 pages.$23,00 (GPO Stock No. 003-010-00174-7).
BEA Methodology Paper No, 1; Introduction to National Eco-nomic Accounting. (1985) Introduces the concepts of the nationalincome and product accounts by placing these accounts within the frame-work of national economic accounting. Shows how the national income andproduct accounts, capital finance accounts, and input-output accounts—the major branches of national economic accounting in the United States—are derived from the conventional accounting statements, 19 pages, $1.00(GPO Stock No. 003-010-00158-5).
BEAMethodology Paper No. 2: Corporate Profits: Profits BeforeTax, Profits Tax Liability, and Dividends. (1985) Describes the con-cepts, sources, and methods of the corporate profits components of thenational income andproduct accounts. 61 pages $2.50 (GPO Stock No. 003-010-00143-7).
BEA Methodology Paper No. 3: Foreign Transactions. (1987) De-scribes the preparation of estimates in the national income and productaccounts (NIPA's) of net exports (both current- and constant-dollar),transfer payments to foreigners, capital grants received by the UnitedStates, interest paidby Government to foreigners, and net foreign invest-ment. Also describes the relationship between foreign transactions esti-mates in the NIPA's and those in the balance of payments accounts, 52pages. $2.75 (GPO Stock No, 003-010-00178-0),
BEAMethodology Paper No. 4: ONP: An Overview of Source Dataand Estimating Methods, (1987) Providesbasicinformation about GNP,including the conceptual basis for the account that presents GNP, defini-tions of each of the components on the income and product side of thataccount, and a summary, presented in tabular form, of the source data andmethodsusedinpreparingestimates of current- andconstant-dollarGNP.Also provides an annotatedbibliography, with a directory, of the more than50 items over the last decade that provided methodological informationabout GNP, 36 pages, $2,00 (GPO Stock No. 003-010-00179-8).
Index of Items Appearing in the National Income and ProductAccounts Tables, (1987) Indexes general subject areas as well as detailedline items in the national income and product accounts tables, 18 pages,$1.25 (GPO Stock No. 003-010-00180-1).
Fixed Reproducible Tangible Wealth in the United States, 1925-85. (1987) Contains annual estimates of the stock of privately owned andgovernment-owned durable equipment and structures and of durablegoods owned by consumers in the United States for 1925-85, Estimates arefor fixed nonresidential private capital by major industry group (farm,manufacturing, and nonfarm nonmanufacturing), for residential capitalby tenure group (owner-occupied and tenant-occupied), for government-
owned fixed capital by type of government (Federal and State and local),and for 11 types of durable goods owned by consumers. 400 pages, $18,00(GPO Stock No, 003-010-00177-1).
Local Area Personal Income, 1981-86. (1988) Contains estimates ofpersonal income by major type of payment and earnings by major industry >population, and total and per capita personal income for regions, States,counties, and metropolitan areas,
Vol. 1. Summary: Regions, States, and Metropolitan Areas. Esti-mates for the United States, regions, States, and metropolitan areas.Also contains county definitions of metropolitan areas, a detaileddescription of sources and methods, and samples of tables available.254 pages, $13.00 (GPO Stock No. 003-010-00182-3).
Vol. 2. New England, Mideast, and Great Lakes Regions. (CT, DE,DC, IL, IN, ME, MD, MA, MI, NH, NJ, NY, OH, PA, RI, VT, WI) 276pages, $14.00 (GPO Stock No. 003-010-00183-6).
Vol. 3. Plains Region. (IA, KS,MN,MO,NE,ND, SD) 190 pages. $11,00(GPO Stock No, 003-010-00184-4).
Vol. 4. Southeast Region. (AL, AR, PL, GA, KY, LA, MS, NC, SC> TN,VA, WV) 326 pages. $16.00 (GPO Stock No, 003-010-00185-2).
Vol. 5. Southwest, Rocky Mountain, and Far West Regions andAlaska and Hawaii. (AK, AZ, CA> CO, HI, ID, MT, NV, NM, OK, OH,TX, UT, WA, WY) 278 pages. $14.00 (GPOStockNo 003-010-00186-1),
Regional Multipliers: A User Handbook for the Regional Input-Output Modeling System (RIMS II), (1986) Contains an explanation ofhow to use regional input-output multipliers, by industry, for output,earnings, and employment. 131 pages. $6,50 (GPO Stock No. 003-010-00163-1).
1985 OBERS BEA Regional Projections. (1985) Two volumes,Vol. 1. State Projections to 2035.131 pages. $4.75 (GPO Stock No.003-010-00157-7).
Vol. 2. Metropolitan Statistical Area Projections to 2035. 356pages. $12,00 (GPO Stock No. 003-010-159-3),
TO ORDER: The GPO publications listed above must be ordered from:Superintendent of Documents, U.S. Grovernment Printing Office, Wash-ington, DC 20402, Payment maybe by check (made payable to Superinten-dent of Documents) or charged to a GPO deposit account number, VISA,or MasterCard, To order by phone: (202) 783-3238,
Available From BEA
Foreign Direct Investment in the United States: Operations ofU.S. Affiliates of Foreign Companies, Preliminary 1986 Estimates.(1988) Contains information on the financial structure and operations ofnonbank U.S. affiliates of foreign direct investors. Data are classified byindustry of U.S. affiliate, by country and industry of ultimate beneficialownr, and, for selected data, by State. 56 pages. $5.00 (AccessionNo. BEA-IID-88-102),
U.S. Direct Investment Abroad: Operations of U.S. ParentCompanies and Their Foreign Affiliates, Preliminary 1086 Es-timtes. (1988) Contains information on the financial structure and opera-tions of both U.S. parent companies and their foreign affiliates. Data areclassified by country and industry of foreign affiliate and by industry ofU.S, parent. 76 pages. $5,00 (Accession No. BEA-IID-88-104).
BEA Working Paper No. 6: Status Report on Statistical andMethodological Improvements in the U.S. Balance of PaymentsStatistics. (1988) Reviews major problems, such as timing and coverage,in the balance of payments accounts; describes statistical and methodo-logical improvements BEA has undertaken to resolve some of the prob-lems; and discusses projects for future improvements. 20 pages. $5.00(Accession No, BEA-OD-88-001).
TO ORDER: The BEA publications listed above must be ordered from:Economic and Statistical Analysis/BEA, U.S. Department of Commerce,Citizens and Southern National Bank, 222 Mitchell St., P,Q. Box 100606,Atlanta, GA 30384. Orders must include a check, payable to Economic andStatistical Analysis/BEA. For further information, call (202) 523-0777,
BEA's economic information is available in publications, on computertapes, on diskettes, and through a variety of other products and services.Most of these are described in A User's Guide to BEA Information, Fora copy, send a self-addressed stamped envelope (8 1/2 by 11 inches, with75 cents postage) to Public Information Office, Bureau of EconomicAnalysis, U.S. Department of Commerce, Washington, DC 20230,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
UNITED STATESGOVERNMENT PRINTING OFFICE
SUPERINTENDENT OF DOCUMENTS
WASHINGTON, D C 20402
OFFICIAL BUSINESS
Penalty for Private Use, $300Stimulating America's Progress
1913-1988
SECOND CLASS MAIL
POSTAGE AND FEES PAIDU.S. GOVERNMENT PRINTING OFFICE
USPS Pub. No. 337-790
1988 RELEASE DATES FOR BEA ESTIMATES
Subject ReleaseDate*
Subject ReleaseDate*
State Personal Income, 3d quarter 1987Gross National Product, 4th quarter 1987 (advance)..Personal Income and Outlays, December 1987
Composite Indexes of Leading, Coincident, and Lagging Indica-tors, December 1987.
Merchandise Trade (balance of payments basis), 4th quarter 1987Gross National Product, 4th quarter 1987 (preliminary)Personal Income and Outlays, January 1988
Jan.Jan.Jan.
Feb.
Composite Indexes of Leading, Coincident, and Lagging Indica-tors, January 1988.
Summary of International Transactions, 4th quarter 1987Gross National Product, 4th quarter 1987 (final)Corporate Profits, 4th quarter 1987Personal Income and Outlays, February 1988Composite Indexes of Leading, Coincident, and Lagging Indica-
tors, February 1988.
Personal Income for Counties and Metropolitan Areas, 1986Merchandise Trade (balance of payments basis), 1st quarter 1988Gross National Product, 1st quarter 1988 (preliminary)Corporate Profits, 1st quarter 1988Personal Income and Outlays, April 1988
Composite Indexes of Leading, Coincident, and Lagging Indica-tors, April 1988.
Plant and Equipment Expenditures, 1st quarter 1988 and RevisedPlans for 1988.
Summary of International Transactions, 1st quarter 1988Gross National Product, 1st quarter 1988 (final)Corporate Profits, 1st quarter 1988 (revised)Personal Income and Outlays, May 1988Composite Indexes of Leading, Coincident, and Lagging Indica-
tors, May 1988.
212728
Feb. 24Feb. 25Feb. 26
Mar. 1
Mar. 15Mar. 23Mar. 23Mar. 24Mar. 29
Plant and Equipment Expenditures, 4th quarter 1987 and Revised Apr. 15Plans for 1988.
State Personal Income, 4th quarter 1987 and Per Capita Personal Apr. 20Income, 1987 (preliminary).
Gross National Product, 1st quarter 1988 (advance) Apr. 26Corporate Profits, 4th quarter 1987 (revised) Apr. 26Personal Income and Outlays, March 1988 Apr. 27Composite Indexes of Leading, Coincident, and Lagging Indica- Apr. 29
tors, March 1988.
May 4May 25May 26May 26May 27
June 1
June 9
June 14June 23June 23June 24June 29
For information, call (202) 523-0777, Bureau of EconomicAnalysis, U.S. Department of Commerce.
State Personal Income, 1st quarter 1988 July 20Gross National Product, 2d quarter 1988 (advance) July 27Personal Income and Outlays, June 1988 July 28
Composite Indexes of Leading, Coincident, and Lagging Indica- Aug. 2tors, June 1988.
State Per Capita Personal Income, 1987 (revised) Aug. 18Merchandise Trade (balance of payments basis), 2d quarter 1988 Aug. 24Gross National Product, 2d quarter 1988 (preliminary) Aug. 25Corporate Profits, 2d quarter 1988 Aug. 25Personal Income and Outlays, July 1988 Aug. 26Composite Indexes of Leading, Coincident, and Lagging Indica- Aug. 30
tors, July 1988.
Plant and Equipment Expenditures, 2d quarter 1988 and Revised Sept. 8Plans for 1988.
Summary of International Transactions, 2d quarter 1988 Sept. 13Gross National Product, 2d quarter 1988 (final) Sept. 20Corporate Profits, 2d quarter 1988 (revised) Sept. 20Personal Income and Outlays, August 1988 Sept. 21Composite Indexes of Leading, Coincident, and Lagging Indica- Sept. 30
tors, August 1988.
State Personal Income, 2d quarter 1988Gross National Product, 3d quarter 1988 (advance).Personal Income and Outlays, September 1988
Composite Indexes of Leading, Coincident, and Lagging Indica-tors, September 1988.
Merchandise Trade (balance of payments basis), 3d quarter 1988Gross National Product, 3d quarter 1988 (preliminary)Corporate Profits, 3d quarter 1988Personal Income and Outlays, October 1988
Oct.Oct.Oct.
Nov.
182627
Nov. 28Nov. 29Nov. 29Nov. 30
Composite Indexes of Leading, Coincident, and Lagging Indica- Dec. 1tors, October 1988.
Summary of International Transactions, 3d quarter 1988 Dec. 13Gross National Product, 3d quarter 1988 (final) Dec. 20Corporate Profits, 3d quarter 1988 (revised) Dec. 20Personal Income and Outlays, November 1988 Dec. 21Plant and Equipment Expenditures, 3d quarter 1988, Revised Dec. 281
Plans for 1988, and Plans for 1989.Composite Indexes of Leading, Coincident, and Lagging Indica- Dec. 30
tors, November 1988.
tA transfer of the Plant and Equipment Expenditures surveyto the Census Bureau is planned. Under the plan, the CensusBureau will issue this release on the date (revised) indicated.
* These are target dates and are subject to revision.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis