[Economic Indicators June, 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               
                                                       business(billions of                                                                  inventory valuation and      per hour  Compensation
                                                             dollars)                                                                          capital consumption         of all    per hour of
                       Period                        ----------------------- Total cost  Consumption   Indirect  Compensation     Net              adjustments           employees       all    
                                                                                 and       of fixed    business  of employees  interest --------------------------------   (1987      employees 
                                                        Current      1987     profit\2\    capital     taxes\3\                                     Profits    Profits   dollars)*   (dollars)* 
                                                        dollars    dollars                                                                 Total      tax       after                           
                                                                                                                                                   liability    tax\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     r23.188     r16.376  
1990................................................    3,045.5     2,747.4      1.109         .120        .106        .736        .054      .093       .034      .059     r23.447      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     r24.649     r18.917  
1993................................................    3,409.7     2,942.9      1.159         .123        .117        .768        .039      .112       .040      .073     r25.330     r19.445  
1994................................................    3,656.9     3,121.9      1.171         .122        .117        .766        .039      .126       .046      .080     r25.965     r19.894  
                                                                                                                                                                                                
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     r23.552     r17.625  
1991:IV.............................................    3,125.9     2,740.9      1.140         .125        .117        .760        .047      .092       .031      .061     r24.214     r18.402  
1992:IV.............................................    3,307.8     2,870.2      1.152         .123        .118        .768        .038      .107       .033      .073     r25.084     r19.253  
                                                                                                                                                                                                
1993:I..............................................    3,324.4     2,868.4      1.159         .124        .117        .776        .039      .102       .037      .065     r24.942     r19.349  
      II............................................    3,386.3     2,920.5      1.159         .123        .117        .770        .039      .111       .040      .071     r25.221     r19.418  
      III...........................................    3,428.7     2,963.3      1.157         .124        .116        .766        .039      .113       .038      .075     r25.421     r19.467  
      IV............................................    3,499.3     3,019.5      1.159         .120        .117        .760        .038      .123       .043      .080     r25.664     r19.497  
                                                                                                                                                                                                
1994:I..............................................    3,568.6     3,062.6      1.165         .125        .117        .763        .038      .122       .043      .078     r25.792     r19.683  
      II............................................    3,626.7     3,098.9      1.170         .121        .117        .766        .039      .127       .046      .081     r25.744     r19.714  
      III...........................................    3,679.4     3,131.2      1.175         .122        .118        .768        .040      .127       .047      .080     r25.849     r19.855  
      IV............................................    3,752.8     3,195.0      1.175         .121        .117        .768        .041      .128       .049      .079     r26.069     r20.010  
                                                                                                                                                                                                
1995:Ir.............................................    3,793.8     3,229.3      1.175         .122        .116        .771        .042      .125       .049      .076      26.187      20.199  
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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.

    *See Note, p. 16.

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