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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 April 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

48 Mid-Decade Strategic Review of BEAs Economic Accounts: An Update (PDF)

As part of its Mid-Decade Strategic Review, BEA has updated the draft plan for maintaining and improving the performance of its national, international, and regional accounts that was published in the February 1995 SURVEY. On March 21, 1995, BEA held a conference that provided leading users of the economic accounts with the opportunity to comment on the plan; BEA’s final version of the plan reflects those and other comments. In addition, BEA has outlined the first steps in implementing the plan.

Regular features

1 Business Situation (PDF)

U.S. economic growth slowed in the first quarter of 1995. Real GDP increased 2.8 percent, down from 5.1 percent in the fourth quarter of 1994. Inflation remained moderate. In 1994, corporate profits increased $56.9 billion, down from an $80.7 billion increase in 1993.

58 Total and Per Capita Personal Income by State and Region (PDF)

In the fourth quarter of 1994, personal income picked up in 45 States; the largest pickups were in States that had sharp upswings in farm income. For the year 1994, increases in per capita personal income in all States exceeded or equaled the increase in U.S. prices.

Reports and statistical presentations

11 National Income and Product Accounts (PDF)

  11 Selected NIPA Tables (PDF)

24 Errata (PDF)

30  NIPA Charts (PDF)

32 Selected Annual NIPA Tables, 1993–94 (PDF)

44 Selected Monthly Estimates (PDF)

46 Gross Product by Industry, 1993 (PDF)

67 Local Area Personal Income, 199193 (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 Business cycle expansions and contractions

C-29 Cyclical leads and lags for selected indicators

C-30 Titles and sources of series



National Income and Product Accounts Revision. The upcoming comprehensive, or benchmark, revision of the national income and product accounts (NIPA’s) is scheduled for release at the end of this year (see the box on page 10). The annual NIPA revision covering 1992–94, which would usually have been released this July, will be combined with the comprehensive revision. Twenty-three of the detailed "annual only" tables that usually appear in the July SURVEY as part of the annual revision are published in this issue.

Composite Indexes. BEA has announced that it will seek a private organization to produce and disseminate its monthly cyclical indicators—including the leading economic indicators—in order to free resources to begin to address the most pressing problems facing the Nation’s economic accounts.

Gross State Product by Industry. New estimates of gross State product by industry for 1992 and revised estimates for 1991 will be presented in the May SURVEY. These State-level estimates are consistent with the national estimates of gross product by industry published in the October 1994 SURVEY.

Price Increase for the SURVEY OF CURRENT BUSINESS. The Superintendent of Documents, U.S. Government Printing Office, has informed BEA that subscription and single-copy prices for the SURVEY will increase effective June 1, 1995. The new prices, which partly reflect the recent increase in U.S. postal rates, are as follows: Domestic second-class mail, $41.00; foreign second-class mail, $51.25; domestic first-class mail, $89.00; single-copy domestic, $11.00; and single-copy foreign, $13.75.