Bureau of Economic Analysis
Survey of Current Business
Table of Contents
Selected articles may be accessed by clicking on the links below. (An Acrobat version of the table of contents is also available; however, links to other files will work only when you use Acrobat Reader 4.0.)
The revised NIPA estimates show somewhat faster economic growth and a somewhat slower increase in prices than were shown by the previously published estimates. Over the period covered by the revisions, the average growth rate of real GDP was revised up 0.3 percentage point to 3.4 percent, and the average increase in the price index for gross domestic purchases was revised down 0.3 percentage point to 1.8 percent. Personal saving (and the personal saving rate) was revised down substantially, and undistributed corporate profits and the State and local government surplus or deficit were revised up substantially.
The annual revisions reflect the incorporation of regular source data and the introduction of the following major changes in methodology: A redefi-nition affecting dividends paid by regulated investment companies (mutual funds); new source data for several types of consumer services; geometric-mean-type consumer price indexes for deflation of detailed components of personal consumption expenditures (PCE); and several new price measuresprimarily producer price indexes and international price indexesfor deflation of PCE, fixed investment, exports and imports, and government spending.
Real GDP increased 1.4 percent in the second quarter of 1998 after increasing 5.5 percent in the first quarter; the deceleration was primarily accounted for by a sharp downturn in inventory investment and by a slowdown in investment in producers' durable equipment. The price index for gross domestic purchases increased 0.4 percent in the second quarter after decreasing 0.2 percent in the first.
Personal income in the Nation increased $112.0 billion, or 1.6 percent, in the first quarter of 1998; the largest increase was in the Southeast region, which accounted for 25 percent of the growth. By State, the fastest growth in personal income was in Alaska, South Carolina, Massachusetts, Colorado, and Arizona. The slowest growth was in North Dakota, Delaware, Vermont, and Arkansas.
36 National Income and Product Accounts Tables (PDF)
119 Annual NIPA Revision: Revised Estimates for 198294 (PDF)
147 GDP and Other Major NIPA Series, 192997 (PDF)
D3 Domestic Perspectives (PDF)
D5 Charts (PDF)
D7 Transactions Tables (PDF)
D13 Investment Tables (PDF)
D18 International Perspectives (PDF)
D20 Charts (PDF)
D21 State and Regional Tables (PDF)
D25 Local Area Table (PDF)
D27 Charts (PDF)
D29 Appendix A: Additional Information About BEA's NIPA Estimates
D31 Appendix B: Suggested Reading
Inside back cover: BEA Information (PDF)
(A listing of recent BEA publications available from GPO)
Back cover: Schedule of Upcoming BEA News Releases (PDF)
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Updated: December 28, 1998