Bureau of Economic Analysis
Survey of Current Business
Table of Contents
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
31 Preview of the Comprehensive Revision of the National Income and Product
Accounts: BEA’s New Featured Measures of Output and Prices (PDF)
One major improvement in the upcoming NIPA revision will be the introduction
of new featured measures of real output and prices. These measures,
which will be chain-type indexes, will provide a more accurate picture of economic
activity by allowing for changes in relative prices and in the composition
of output over time. To facilitate sectoral trend and current-period analysis,
BEA will expand the presentations of its estimates to include the contributions
of major components to the growth in real GDP and dollar-denominated series
that are calculated from the featured output indexes.
44 Regional and State Projections of Economic Activity and Population to the Year 2005 (PDF)
BEA’s projections to 2005 show a slowdown in employment growth for all regions
except New England. Employment growth is projected to exceed the U.S.
average in the Rocky Mountain, Far West, Southwest, and Southeast regions
and to fall short of it in the New England, Plains, Great Lakes, and Mideast
regions. Regional differences in per capita personal income are projected to
change little. A new element in the projections methodology is the linking of
mid-term and long-term projections through the use of full-employment unemployment
rates for the year 2000.
Economic growth stalled in the second quarter of 1995. According to BEA’s featured
measure of real GDP, growth slowed to 0.5 percent from 2.7 percent in the
first quarter. BEA’s chain-weighted measure of real GDP also slowed
sharply—from 1.7 percent to -0.2 percent. Inflation remained at about 3 percent.
39 Personal Income by State and Region, First Quarter 1995 (PDF)
Personal income in the Nation rose 1.8 percent in the first quarter of 1995,
slightly less than in the preceding quarter. In all but five States, income increased
more than the 0.7-percent increase in U.S. prices.
8 National Income and Product Accounts (PDF)
8 Selected NIPA Tables27 NIPA Charts
29 Selected Monthly Estimates (PDF)
C-1 Business Cycle Indicators (PDF)
C-1 Data tablesC-6 Footnotes for pages C-1 through C-5C-7 ChartsC-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 “Preview of the Comprehensive Revision of
the National Income and Product Accounts: BEA’s New Featured Measures of Output
and Prices” in this issue. The annual NIPA revision covering 1992–94, which would
usually have been published in this issue, will be combined with the comprehensive
revision; twenty-three of the detailed “annual only” tables that usually appear as part
of the annual revision were published in the April SURVEY.
Annual Revision of State Personal Income. An article presenting revised annual estimates
of State personal income for 1992–94 and describing major sources of the revisions
will appear in the August SURVEY. The revised estimates of State personal income
will be available August 23.