[Economic Indicators April, 1995]
[Page Number 3]
[From the U.S. Government Publishing Office, www.gpo.gov]


NONFINANCIAL CORPORATE BUSINESS-OUTPUT, COSTS, AND PROFITS

                                                                      [Quarterly data at seasonally adjusted annual rates]                                                                      
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                                                          Gross domestic                   Current-dollar cost and profit per unit of output (dollars) \1\                                      
                                                            productof       --------------------------------------------------------------------------------------------                        
                                                      nonfinancialcorporate                                                                  Corporate profits with        Output   Compensation
                                                       business(billions of                                                                  inventory valuation and      per hour   per hour of
                                                             dollars)                                                                          capital consumption         of all        all    
                       Period                        ----------------------- Total cost  Consumption   Indirect  Compensation     Net              adjustments           employees    employees 
                                                                             and profit    of fixed    business  of employees  interest --------------------------------   (1987      (dollars) 
                                                        Current      1987        \2\       capital    taxes \3\                                     Profits    Profits    dollars)              
                                                        dollars    dollars                                                                 Total      tax     after tax                         
                                                                                                                                                   liability     \4\                            
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1986 ...............................................    2,386.3     2,439.3      0.978        0.111       0.095       0.648       0.040     0.084      0.031     0.053      22.733      14.739  
1987 ...............................................    2,547.3     2,547.3      1.000         .110        .095        .658        .042      .096       .037      .059      23.127      15.207  
1988 ...............................................    2,764.8     2,684.8      1.030         .111        .096        .676        .045      .102       .038      .064      23.572      15.833  
1989 ...............................................    2,913.5     2,718.9      1.072         .117        .101        .706        .054      .094       .037      .057      23.189      16.377  
1990 ...............................................    3,045.5     2,747.4      1.109         .120        .106        .736        .054      .093       .034      .059      23.446      17.246  
1991 ...............................................    3,089.7     2,716.7      1.137         .126        .115        .756        .049      .092       .031      .061      23.926      18.081  
1992 ...............................................    3,222.9     2,802.8      1.150         .126        .117        .767        .041      .099       .031      .067      24.648      18.916  
1993 ...............................................    3,409.7     2,942.9      1.159         .123        .117        .768        .039      .112       .040      .073      25.379      19.483  
1994 ...............................................    3,656.9     3,121.9      1.171         .122        .117        .766        .039      .126       .046      .080   .........  ............
                                                                                                                                                                                                
1982: IV ...........................................    1,806.3     1,999.6       .903         .119        .086        .607        .040      .051       .020      .030      21.070      12.791  
1983: IV ...........................................    2,037.2     2,204.2       .924         .119        .088        .602        .036      .079       .029      .050      21.893      13.186  
1984: IV ...........................................    2,228.2     2,328.4       .957         .111        .091        .623        .041      .091       .027      .064      22.055      13.732  
1985: IV ...........................................    2,338.8     2,396.9       .976         .110        .093        .643        .038      .092       .030      .063      22.346      14.359  
1986: IV ...........................................    2,422.8     2,463.3       .984         .112        .095        .654        .042      .081       .035      .045      22.891      14.975  
1987: IV ...........................................    2,627.6     2,604.0      1.009         .110        .094        .664        .042      .099       .038      .060      23.356      15.517  
1988: IV ...........................................    2,843.2     2,719.0      1.046         .112        .097        .687        .047      .102       .040      .063      23.521      16.069  
1989: IV ...........................................    2,951.5     2,722.7      1.084         .120        .102        .718        .055      .088       .033      .055      23.146      16.616  
1990: IV ...........................................    3,052.5     2,725.0      1.120         .123        .109        .748        .054      .085       .034      .052      23.549      17.623  
1991: IV ...........................................    3,125.9     2,740.9      1.140         .125        .117        .760        .047      .092       .031      .061      24.211      18.400  
1992: IV ...........................................    3,307.8     2,870.2      1.152         .123        .118        .768        .038      .107       .033      .073      25.085      19.254  
                                                                                                                                                                                                
1993: I ............................................    3,324.4     2,868.4      1.159         .124        .117        .776        .039      .102       .037      .065      24.962      19.365  
      II ...........................................    3,386.3     2,920.5      1.159         .123        .117        .770        .039      .111       .040      .071      25.239      19.432  
      III ..........................................    3,428.7     2,963.3      1.157         .124        .116        .766        .039      .113       .038      .075      25.516      19.539  
      IV ...........................................    3,499.3     3,019.5      1.159         .120        .117        .760        .038      .123       .043      .080      25.810      19.608  
                                                                                                                                                                                                
1994: I ............................................    3,568.6     3,062.6      1.165         .125        .117        .763        .038      .122       .043      .078      26.018      19.855  
      II ...........................................    3,626.7     3,098.9      1.170         .121        .117        .766        .039      .127       .046      .081      25.923      19.852  
      III ..........................................    3,679.4     3,131.2      1.175         .122        .118        .768        .040      .127       .047      .080      26.054      20.012  
      IV ...........................................    3,752.8     3,195.0      1.175         .121        .117        .768        .041      .128       .049      .079   .........  ............
                                                                                                                                                                                                
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    \1\ Output is measured by GDP of 
nonfinancial corporate business in 
1987 dollars.
    \2\ This is equal to the 
deflator for gross domestic product 
of nonfinancial corporate business 
with the decimal point shifted two 
places to the left.
    \3\ Indirect business tax and 
nontax liability plus business 
transfer payments less subsidies.
    \4\ With inventory valuation and 
capital consumption adjustments.

    Sources: Department of Commerce 
(Bureau of Economic Analysis) and 
Department of Labor (Bureau of Labor 
Statistics).