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Home > Publications > Survey of Current Business > April 2004- Volume 84 - Number 4 |
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April 2004 - Volume 84 - Number 4Business Situation: Final Estimates for the Fourth Quarter of 2003The slower pace of U.S. production in the fourth quarter was confirmed
by the final estimates of the national income and product accounts. Real
GDP increased 4.1 percent after increasing 8.2 percent in the third quarter.
The deceleration mainly reflected slower growth in consumer spending and
a deterioration in the trade balance. Inflation slowed: The price index
for gross domestic purchases increased 1.3 percent after increasing 1.8
percent, mainly reflecting a downturn in energy prices. Comparison of BEA Estimates of Personal Income and IRS Estimates of Adjusted Gross Income: New Estimates for 2001 and Revised Estimates for 1959-2000Personal income and adjusted gross income--two widely used measures of household income--are reconciled through a series of adjustments for definitional and statistical differences between the two measures. The estimates reflect the incorporation of the results of the recent comprehensive NIPA revision and of new and updated estimates of adjusted gross income. | PDF | XLS Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade, 1997:I-2003:IVThe quarterly and monthly estimates of inventories, sales, and inventory-sales ratios have been updated. In addition, the estimates of sales and ratios for the retail trade industries that were published in the February Survey have been corrected; as a result, the estimates of the sales and ratios for total manufacturing and trade industries have also been corrected. | PDF | XLS Comprehensive NIPA Revision: Newly Available TablesThe Bureau of Economic Analysis continues to release the results of the 12th comprehensive revision of the NIPAs. | PDF | Interactive Data U.S. International Transactions, Fourth Quarter 2003The U.S. current-account deficit decreased $7.8 billion, to $127.5 billion. The decrease was accounted for by a large increase in the surplus on income and by an increase on the surplus on services. These increases were partly offset by increases in the deficit on goods and in net outflows for unilateral current transfers. In the financial account, net recorded financial inflows increased $75.0 billion, to $180.9 billion, as financial inflows for foreign-owned assets in the United States increased more than financial outflows for U.S.-owned assets abroad. | PDF |Interactive Data U.S. International Transactions, 2003The U.S. current-account deficit increased $61.0 billion, to $541.8 billion.
The increase was mainly accounted for by an increase in the deficit on
goods, but an increase in net outflows for unilateral current transfers
and a decrease in the surplus on services also contributed. In the financial
account, net recorded financial inflows increased $51.0 billion, to $579.0
billion, as financial inflows for foreign-owned assets in the United States
increased more than financial outflows for U.S.-owned assets abroad. Looking AheadComprehensive Revision of State Personal Income. An article in the May
Survey will present the results of the comprehensive revision of state
personal income. The revised estimates will incorporate the results of
the recent comprehensive NIPA revision, improvements in the source data
and methods that are used for the state estimates, and newly available
data from regular sources. BEA Current and Historical Data
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