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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 June 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

69 U.S. International Transactions, Revised Estimates for 1983–94 (PDF)

In this year’s annual revision of the balance of payments accounts, BEA continues its effort to plug gaps in coverage that have arisen because of changes in the structure of international markets. This year’s revisions include improvements in several areas—services transactions, portfolio investment, and direct investment.

Regular features

1 Business Situation (PDF)

Real GDP increased 2.7 percent in the first quarter of 1995. BEA’s alternative measures
of real GDP showed increases of about 1 percentage point less than that. Real
GNP increased 3.2 percent, and real GNP on a command basis increased 3.3 percent.
Corporate profits increased $9.4 billion, largely reflecting an increase in the profits
of financial industries.
31 U.S. Multinational Companies: Operations in 1993 (PDF)
Growth in the overall operations of U.S. multinational companies picked up in
1993 after several years of weakness. The pickup was largely centered in the operations
of U.S. parent companies and reflected improved economic conditions in the
United States and the entry of several large U.S. companies into the parent-company
52 The International Investment Position of the United States in 1994 (PDF)
The net international investment position of the United States became more negative
in 1994: On a current-cost basis, it fell $135.5 billion, to –$680.8 billion; on a
market-value basis, it fell $130.1 billion, to –$584.0 billion. The change in the position
mainly reflected continued large net capital inflows that were only partly offset
by exchange rate gains.
61 Direct Investment Positions on a Historical-Cost Basis, 1994: Country and Industry Detail (PDF)
The U.S. direct investment position abroad valued at historical cost increased 9
percent in 1994, reflecting capital outflows that largely consisted of reinvested
earnings. The increase in the position was spread across most major geographic
areas. The foreign direct investment position in the United States valued at
historical cost also increased 9 percent in 1994, reflecting capital inflows that
largely consisted of equity capital. Most of the increase in the position was accounted
for by European investors, nearly half from the United Kingdom.
76 U.S. International Transactions, First Quarter 1995 (PDF)
The U.S. current-account deficit decreased $2.8 billion, to $40.5 billion, in the
first quarter of 1995. An increase in the deficit on goods and services was more
than offset by a decrease in the deficit on investment income and by lower net
unilateral transfers.

Reports and statistical presentations

5 National Income and Product Accounts (PDF)
5 Selected NIPA Tables
24 NIPA Charts 
26 Reconciliation and Other Special Tables 
27 Selected Monthly Estimates (PDF)
29 Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade (PDF)
118 Subject Guide: Volume 75 (1995), Numbers 1–6 (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 Index to historical data for selected 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 4). The annual NIPA
revision covering 1992–94, which would usually have been released this July, will be
combined with the comprehensive revision.
Regional Projections of Economic Activity. An article summarizing projected trends in
State personal income, employment, population, and gross state product to the year
2005 will appear in the July SURVEY. The article will also briefly discuss the methodology
for these State-level projections.