[Economic Indicators December, 2003]
[Page Number 3]
[From the U.S. Government Publishing Office, www.gpo.gov]


NONFINANCIAL CORPORATE BUSINESS-OUTPUT, PRICE, COSTS, AND PROFITS

                                                  [Quarterly data at seasonally adjusted annual rates]
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                                 Gross product  of                       Price, costs, and profits per unit of real output (dollars)
                                   nonfinancial    -----------------------------------------------------------------------------------------------------
                                corporate business                                          Unit nonlabor cost                 Corporate profits with
                                    (billions of      Price per                -------------------------------------------    inventory valuation and
                                     dollars)       unit of real  Compensation                                                  capital consumption
            Period             --------------------     gross     of employees                         Indirect                   adjustments \3\
                                                     product of    (unit labor            Consumption  business     Net   ------------------------------
                                 Current   Chained  nonfinancial      cost)       Total    of  fixed     tax,    interest             Profits    Profits
                                 dollars   (1996)     corporate                             capital     etc.\2\              Total      tax       after
                                           dollars  business \1\                                                                     liability   tax \4\
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1993 .........................   3,457.6   3,573.8        0.967         0.641      0.236       0.108      0.098     0.030     0.091      0.029     0.062
1994 .........................   3,737.2   3,801.5         .983          .639       .238        .109       .101      .028      .106       .034      .072
1995 .........................   3,945.9   3,960.1         .996          .645       .239        .110       .100      .029      .112       .035      .077
1996 .........................   4,159.5   4,159.5        1.000          .641       .236        .111       .099      .026      .122       .036      .086
1997..........................   4,435.1   4,404.2        1.007          .644       .237        .112       .098      .027      .126       .036      .090
1998 .........................   4,707.1   4,658.1        1.011          .656       .240        .112       .098      .030      .114       .033      .081
1999..........................   4,981.0   4,902.1        1.016          .667       .243        .113       .098      .032      .106       .034      .072
2000 .........................   5,295.0   5,148.3        1.029          .688       .250        .116       .099      .035      .090       .033      .056
2001 .........................   5,354.2   5,141.8        1.041          .695       .267        .127       .102      .038      .079       .024      .055
2002 .........................   5,493.1   5,301.9        1.036          .680       .270        .129       .104      .037      .086       .025      .062
 
2000:I .......................   5,228.7   5,109.2        1.023          .682       .245        .114       .098      .033      .096       .036      .060
      II .....................   5,275.1   5,129.2        1.028          .683       .250        .116       .099      .035      .096       .036      .060
      III ....................   5,335.5   5,180.2        1.030          .690       .252        .117       .099      .036      .088       .033      .055
      IV .....................   5,340.7   5,174.4        1.032          .697       .256        .119       .100      .037      .079       .030      .050
 
2001:I .......................   5,318.6   5,131.4        1.037          .699       .262        .122       .102      .038      .075       .026      .049
      II .....................   5,340.9   5,125.2        1.042          .699       .266        .125       .103      .038      .077       .027      .050
      III ....................   5,365.7   5,121.3        1.048          .698       .272        .134       .099      .039      .079       .025      .053
      IV .....................   5,391.6   5,189.3        1.039          .684       .268        .127       .103      .038      .087       .018      .068
 
2002:I .......................   5,423.8   5,231.3        1.037          .682       .268        .128       .103      .037      .086       .023      .064
      II .....................   5,489.0   5,298.7        1.036          .680       .269        .129       .103      .037      .087       .025      .062
      III ....................   5,504.8   5,320.7        1.035          .679       .271        .130       .104      .037      .084       .025      .059
      IV .....................   5,554.7   5,357.1        1.037          .678       .271        .130       .104      .037      .089       .027      .062
 
2003:I .......................   5,590.4   5,382.1        1.039          .678       .269        .129       .104      .036      .090       .028      .062
      II .....................   5,668.7   5,464.9        1.037          .671       .265        .127       .102      .036      .102       .028      .074
      III ....................   5,800.0   5,582.8        1.039          .661       .262        .124       .103      .035      .115       .031      .083
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    \1\ The deflator for gross 
product of nonfinancial corporate 
business divided by 100.
    \2\ Indirect business tax and 
nontax liability plus business 
transfer payments less subsidies.
    \3\ Unit profits from current 
production.
    \4\ With inventory valuation and 
capital consumption adjustments.

    Note.--Revised data based on the 
benchmark revision released on 
December 10, 2003 are not yet 
available. Data shown here are pre-
benchmark series.
    Source: Department of Commerce, 
Bureau of Economic Analysis.