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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 May 1996

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.)

Regular features

1 Business Situation (PDF)

Economic growth picked up in the first quarter of 1996: Real GDP increased 2.8 percent after increasing 0.5 percent in the fourth quarter of 1995. Inflation remained moderate: The price index for gross domestic purchases increased 2.5 percent after increasing 2.1 percent.

78 Relationship Between Personal Income and Adjusted Gross Income: New Estimates for 1993–94 and Revisions for 1959–92 (PDF)

BEA’s measure of personal income and the IRS measure of adjusted gross income—two widely used measures of household income—are reconciled through a series of adjustments for definitional and statistical differences between the two measures. This reconciliation incorporates the results of the recent comprehensive revision of the NIPA’s and several improvements that have been made in the estimation of the reconciliation items.

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

Personal income in the Nation increased 1.2 percent in the fourth quarter of 1995, the same rate of increase as in the third quarter. In the fourth quarter, Utah had the largest increase in personal income, 2.3 percent, and Nebraska had the smallest increase, 0.2 percent. In the year 1995, per capita personal income in the Nation increased 5.0 percent, while U.S. prices increased only 2.4 percent. In all States except North Dakota and South Dakota, the increases in per capita income exceeded the increase in U.S. prices.

Reports and statistical presentations

7 National Income and Product Accounts (PDF)

7 Selected NIPA Tables

31  NIPA Charts

33 A Look at How BEA Presents the National Income and Product Accounts (PDF)

38 Index to the NIPA Tables (PDF)

60 Selected Monthly Estimates (PDF)

62 Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade, 1977–95 (PDF)

102 1996 Release Dates for BEA Estimates (PDF)

Inside back cover: BEA Information (PDF)

(A listing of recent BEA publications available from the Government Printing Office)

Back Cover: Schedule of Upcoming BEA News Releases (PDF)



National Income and Product Accounts. As noted last month, because BEA has placed top priority on getting release of its current estimates back on schedule and on completing the comprehensive revision of the NIPA’s, this summer’s annual revision will be limited in scope. The next annual revision will be in summer 1997, when all NIPA-related data from the comprehensive revision will be complete and work on key data improvement projects should be available for incorporation into the accounts. The updated schedule of 1996 release dates for BEA estimates appears on page 102 of this issue.

Projections for Metropolitan Areas and for BEA Economic Areas. The June SURVEY will contain an article that presents projected trends to the year 2005 in employment, in other measures of economic activity, and in population for metropolitan areas and for BEA economic areas. The article will also describe the methodology used for the projections.