Survey of Current Business
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July 2011
Bureau of Economic Analysis
Volume 91 Number 7
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Director's Message (PDF)
Taking Account (PDF)
Articles
GDP and the Economy: Third Estimates for the First Quarter of 2011  (PDF)
Real GDP rose 1.9 percent after rising 3.1 percent in the fourth quarter of 2010. Imports turned up, consumer spending and nonresidential investment slowed, and federal government spending decreased more.
Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade for the First Quarter of 2011 (PDF)
Updated statistics, including statistics on inventories for manufacturing by stage of fabrication.
Revisions to GDP, GDI, and Their Major Components  (PDF)
This analysis confirms that BEA’s estimates provide an accurate picture of the economy, indicating among other things whether growth was positive or negative and whether it was accelerating or decelerating.
BEA Briefing:
Prototype Quarterly Statistics on Gross Domestic Product by Industry
 (PDF)
The second in a series of articles about BEA’s plans to regularly release quarterly GDP by industry statistics. This article takes a look at the statistics for 2007–2009 and describes the methodology.
  • Tables
The International Investment Position of the United States at Yearend 2010  (PDF)
The net international investment position was –$2,471.0 billion; in 2009, it was –$2,396.4 billion. U.S.-owned assets abroad increased $1,828.3 billion to $20,315.4 billion, and foreign-owned assets in the United States increased $1,902.9 billion to $22,786.3 billion.
  • Position change, 2010
  • Yearend positions
  • Select components
Direct Investment Positions for 2010: Country and Industry Detail  (PDF)
U.S. direct investment abroad grew 10 percent after growing 10 percent in 2009. Foreign direct investment in the United States grew 11 percent after growing 3 percent in 2009.
Annual Revision of the U.S. International Transactions Accounts  (PDF)
Each year, statistics on U.S. international transactions are revised to incorporate revised data and statistical improvements. Several changes were introduced this year to align the accounts with the updated international guidelines.
How BEA Aligns and Augments Source Data From the U.S. Treasury Department for Inclusion in the U.S. International Transactions Accounts  (PDF)
Each year, the estimates of financial-account flows, which are based on Treasury Department data, are adjusted to align the estimates with balance-of-payments concepts and to close the gaps in coverage.
U.S. International Transactions: First Quarter of 2011  (PDF)
The U.S. current-account deficit increased $7.1 billion to $119.3 billion. In the financial account, net financial inflows increased $152.5 billion to $181.9 billion.
  • Tables
International Transactions and Positions in Financial Derivatives  (PDF)
Statistics on transactions in financial derivatives by type of contract and by area and country for 2008–2010. Statistics on the fair values of these derivatives for 2009–2010.
Gross Domestic Product by State: Advance Statistics for 2010 and Revised Statistics for 2007–2009  (PDF)
The economic recovery was widespread in 2010, as real GDP increased in 48 states and the District of Columbia. In 2009, real GDP decreased in 40 states and the District of Columbia.
Regional Quarterly Report  (PDF)
Personal income in all states increased in the first quarter of 2011. Growth ranged from 0.7 percent in Iowa to 6.9 percent in North Dakota.
  • Tables

Upcoming in the Survey...

Annual NIPA Revision. The effects of the revisions on GDP, the principal sources of the revisions, and an extensive set of NIPA tables.

Operations of U.S. Affiliates of Foreign Companies. A look at the value added, employment, goods exports and imports, and the R&D activity of these affiliates in 2009.

Charts, Tables, and More

National Data

In This Issue
  • Selected NIPA Tables  (PDF)
  • NIPA-Related Table  (PDF)
  • Historical Measures  (PDF)
  • Charts  (PDF)

Industry Data

In This Issue
  • Industry Table  (PDF)

International Data

As a result of the annual revision of the U.S. international transactions accounts, tables F.2–F.4 and sections G and H are not included in this issue. See “Annual Revision of the U.S. International Accounts” and “U.S. International Transactions: First Quarter of 2011.” See also “The International Investment Position at Yearend 2010” and “Direct Investment Positions for 2010: Country and Industry Detail.”

In This Issue
  • Transactions Table  (PDF)

Regional Data

In This Issue
  • State and Regional Tables  (PDF)
  • Local Area Table  (PDF)
  • Charts  (PDF)

More Information

In This Issue
  • Additional Information About the NIPA Estimates  (PDF)
  • Suggested Reading  (PDF)
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