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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 March 1995

Selected articles may be accessed by clicking on the links below. (An Acrobat (PDF) version of the table of contents is also available; however, links to other files will work only when you use Acrobat Reader 4.0.)

Special in this issue

38 A Guide to BEA Statistics on U.S. Multinational Companies (PDF)

BEAís statistics on U.S. multinational companies (MNCís) provide a comprehensive and integrated data set for empirical analysis of MNCís. Balance of payments data measure transactions between U.S. parents and their foreign affiliates, and direct investment position data measure the cumulative value of parentsí investments in their affiliates. Financial and operating data provide a wide variety of indicators of the overall domestic and foreign operations of U.S. MNCís. BEAís statistics can help to answer such questions as "Where are U.S. MNCís investing?" "Are U.S. companies shifting their operations abroad?" and "What portion of U.S. cross-border trade is between U.S. parents and their foreign affiliates?"

Regular features

1 Business Situation (PDF)

The "final" estimate of real GDP for the fourth quarter of 1994 showed an increase of 5.1 percent; the "preliminary" estimate had shown a 4.6-percent increase. Fixed investment was revised up, and imports were revised down. Corporate profits increased $4.3 billion after increasing $9.6 billion in the third quarter. In the government sector, an increase in the Federal Government deficit more than offset an increase in the State and local government surplus.

33 State and Local Government Fiscal Position in 1994 (PDF)

The surplus of State and local governments in 1994, at $26.2 billion, changed little from 1993. Receipts accelerated slightly, reflecting a pickup in the U.S. economy; expenditures also accelerated slightly, reflecting a step-up in purchases. The outlook for 1995 suggests an increase of $5Ė$10 billion in the State and local government surplus.

56 U.S. International Transactions, Fourth Quarter and Year 1994 (PDF)

In the fourth quarter of 1994, the U.S. current-account deficit increased $4.0 billion, to $44.8 billion. A decrease in the deficit on merchandise trade and an increase in the surplus on services were more than offset by an increase in the deficit on investment income and by larger net unilateral transfers. For the year 1994, the current-account deficit increased $51.8 billion, to $155.7 billion. A jump in the deficit on merchandise trade, as imports increased more than exports, was augmented by a sizable shift to a deficit on investment income.

Reports and statistical presentations

7 National Income and Product Accounts (PDF)

  7 Selected NIPA Tables

26  NIPA Charts

28 Reconciliation and Other Special Tables

29 Selected Monthly Estimates (PDF)

31 Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade (PDF)

C-1 Business Cycle Indicators (PDF)

C-1 Data tables

C-6 Footnotes for pages C-1 through C-5

C-7 Charts

C-28 Historical data for selected series



Selected Annual NIPA Tables. The April SURVEY will contain 23 of the "annual only" tables that usually appear in the July issue as part of the annual revision of the NIPAís. This year, the annual revision will be combined with the comprehensive NIPA revision scheduled for late 1995. The 23 tables will provide detailed annual estimates for 1993Ė94 on personal consumption expenditures, gross private domestic investment, and other NIPA measures.