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Home > Publications > Survey of Current Business > November 2003 - Volume 83 - Number 11 |
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November 2003 - Volume 83 - Number 11Business Situation: Advance Estimates for the Third Quarter of 2003The pace of U.S. production accelerated in the third quarter of 2003. Real GDP increased 7.2 percent after increasing 3.3 percent in the second quarter. The acceleration reflected an improved trade balance and strong consumer spending. Inflation was moderate: The price index for gross domestic purchases increased 1.9 percent after increasing 0.4 percent, partly reflecting an upturn in energy prices. | PDF | XLS Chained-Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes This article discusses the advantages of using chain-weighted
indexes and the challenges of using chained dollars. It outlines BEA's
plans to address these issues as part of the 2003 comprehensive revision
of the NIPAs, and it provides suggestions for using chained dollars so
that biases and errors are minimized in forecasting and in other applications
in which the components of GDP are aggregated. |
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Business Investment by Industry in the U.S. Economy for 1997 The capital flow table shows the destination of the
new capital investment in equipment, software, and structures by the industries
that purchased or leased these capital goods and services. It provides
a detailed view of the investment of 180 commodities for 123 industries
on the basis of the North American Industry Classification System. This
table supplements the use table from the 1997 benchmark input-output accounts
that shows private fixed investment by detailed commodity for each industry. | PDF | XLS Reconciliation of the U.S.-Canadian Current Account, 2001 and 2002 Each year, the U.S. and Canadian current-account estimates
are reconciled using a common set of definitions, methodologies, and data
sources. On the reconciled basis, the U.S. current-account deficits with
Canada are larger than those shown in the U.S.-published accounts. For
2001, the deficit on the reconciled basis is $39.1 billion, and the U.S.-published
deficit is $28.1 billion. For 2002, the reconciled deficit is $38.0 billion,
and the published deficit is $30.4 billion. | PDF
U.S. Multinational Companies: Operations in 2001 The worldwide value added in production by U.S. multinational
companies decreased 7.7 percent in 2001, reflecting decreases in production
by both U.S. parent companies and their majority-owned foreign affiliates.
Despite the decreases in production, these companies continued to increase
their capital spending. State Personal Income: Second Quarter 2003Personal income for the Nation grew 0.8 percent in the second quarter of 2003, about the same as in the first quarter. Reflecting the above-average growth in natural resources and mining, 4 of the 10 fastest growing states were in the Plains region, and 2 of the 10 were in the Rocky Mountain region. In 21 states and the District of Columbia, net earnings, the largest of the three major components of personal income, grew faster in the second quarter than in the first quarter. | PDF Looking AheadComprehensive Revision of the National Income and Product Accounts. The release of the upcoming comprehensive revision of the NIPAs is scheduled for December 10, 2003. The December Survey will provide a summary of the revised estimates. The January 2004 Survey will include an article that describes the comprehensive revision in detail and an extensive set of tables that will present the revised estimates. BEA Current and Historical Data
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