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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 July 1994

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

7 Annual Revision of the U.S. National Income and Product Accounts: Annually, 1991–93, and Quarterly, 1991:I–1994:I (PDF)

The revised NIPA estimates for 1991–93 show about the same picture of U.S. economic activity as shown by the previously published estimates. From the fourth quarter of 1990 to the first quarter of 1994, the growth rate of real GDP was revised down 0.1 percentage point to 2.4 percent. Downward revisions to personal consumption expenditures for goods and to State and local government purchases were largely offset by upward revisions to producers’ durable equipment and to personal consumption expenditures for services. The revision in prices for this period was also small: The increase in gross domestic purchases prices was revised down 0.1 percentage point to 2.9 percent.

154 Foreign Direct Investment in the United States: 1992 Benchmark Survey Results (PDF)

U.S. affiliates of foreign companies accounted for a slightly smaller share of the U.S. economy in 1992 than in 1991. Preliminary results from BEA’s latest benchmark survey of foreign direct investment in the United States put the affiliate share of GDP at 5.8 percent in 1992, down from 6.0 percent in 1991. The decrease in affiliate share, the first since 1985, reflected a sharp drop in new investment activity. Despite the decrease, affiliate operations accounted for a substantially larger share of the U.S. economy in 1992 than in 1987, the year of the last benchmark survey.

Regular features

1 Business Situation (PDF)

U.S. economic activity continued at a moderate pace in the second quarter of 1994: Real GDP increased 3.7 percent after increasing 3.3 percent in the first quarter. Inflation, as measured by gross domestic purchases prices, picked up to 3.2percent from 2.5 percent.

148 Personal Income by State and Region, First Quarter 1994 (PDF)

A slowdown in personal income in the Nation in the first quarter of 1994 mainly reflected the effects of the Northridge, California, earthquake. Since the business cycle trough in the first quarter of 1991, California is the only State in which personal income has not increased more than prices. Most of the other States with slow income growth are in New England or the Mideast. Most of the States with fast income growth are western States.

Reports and statistical presentations

50 National Income and Product Accounts (PDF)

50 Selected NIPA Tables (PDF)

120 NIPA Charts (PDF)

122 Reconciliation and Other Special Tables (PDF)

125 Index to the NIPA Tables (PDF)

145 Selected Monthly Estimates (PDF)

C-1 Business Cycle Indicators (PDF)

C-1 Data tables

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

C-7 Charts


Annual Revision of State Personal Income. An article presenting revised annual estimates of State personal income for 1991–93 and describing major sources of the revisions will appear in the August SURVEY. The revisions will incorporate the revised estimates of personal income for the Nation presented in this issue, as well as newly available State-level source data. The revised estimates of State personal income will be available as of August 23.

Gross State Product by Industry. Revised estimates of gross state product by industry for 1977–90 and new estimates for 1991 are scheduled to be presented in the August SURVEY. These estimates reflect the latest estimates of U.S. gross product by industry; they also incorporate revisions for 1981–89 in farm and nonfarm proprietors' income at the State level.