Most of Ground Lost In National Income Reported Regained
Most of the recessionÛªs decline in national income has been recovered, the Commerce 'Department reported yesterday.</br></br>National income rose $1.8 billion in the second quarter, to an annual rate of $352.5 billion, the Department said. It added that a more substantial increase was registered in the third quarter.</br></br>The third quarter figure isnÛªt available yet because July-September corporate profits havenÛªt been computed. Profits are known to have improved significantly, however.</br></br>In the April-June quarter, the report said, corporate profits rose $1.2 billion to an annual rate of $32.5 billion. This, was still $11 billion below thei pre-recession peak.	j</br></br>National income hit a record ! rate of nearly $369 billion in! the summer of 1957. It; dropped to a low of $350.6 billion early this year.