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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 August 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.)

Regular features

1 Business Situation (PDF)

BEA’s featured measure of real GDP growth, which is based on fixed 1987
weights, increased 1.1 percent in the second quarter of 1995, down from a 2.7-
percent increase in the first quarter. BEA’s chain-weighted measure of real GDP
also slowed sharply—to a 0.5-percent increase from a 1.7-percent increase. Corporate
profits increased $15.5 billion after increasing $9.4 billion. The Federal
Government deficit fell to $128.0 billion, the lowest level since the second quarter
of 1982, while the State and local government surplus declined to $26.1 billion.
35 State Personal Income, Revised Estimates for 1992–94 (PDF)
The annual estimates of State personal income for 1992–94 have been revised to
incorporate newly available national and State-level source data. For 1993,
personal income was revised up substantially for most States in the Rocky
Mountain region and for some States in the Plains region. For 1994, personal
income was revised down for all regions except the Rocky Mountain region; the
largest downward revisions were for the Mideast and Great Lakes regions.

Reports and statistical presentations

11 National Income and Product Accounts (PDF)
11 Selected NIPA Tables
30 NIPA Charts
32 Reconciliation and Other Special Tables 
33 Selected Monthly Estimates (PDF)
53 Foreign Direct Investment in the United States: Detail for Historical-Cost 
     Position and Related Capital and Income Flows, 1994 (PDF)
88 U.S. Direct Investment Abroad: Detail for Historical-Cost Position and 
     Related Capital and Income Flows, 1994 (PDF)
117 Errata, U.S. International Transactions Accounts (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 

The upcoming comprehensive, or benchmark, revision of the national income and

product accounts (NIPA’s) is scheduled for release at the end of 1995; the usual annual revision

covering 1992–94 will be combined with the comprehensive revision. The article in the

July 1995 SURVEY that discusses BEA’s new featured measures of real output and prices was

the first in a series of articles previewing the comprehensive revision. Future articles will

cover other changes, including (1) definition of government expenditures for plant and

equipment as investment, which will result in a more consistent treatment of investment in

the NIPA’s, (2) introduction of an improved empirical basis for the estimates of depreciation

and capital stocks, and (3) improvements in the presentation of the NIPA’s.


After evaluating proposals received from several private organizations, the Department

of Commerce has selected The Conference Board to take over the preparation and

dissemination of the composite indexes of leading, coincident, and lagging indicators. Details

of the transition have not been finalized, but the indexes will continue to be produced

with no immediate changes in composition, methodology, or schedule.

As part of a reprogramming of selected resources into areas that are vital to its mission

of preparing economic accounts, BEA will soon discontinue the “Business Cycle Indicators”

(BCI) section of the SURVEY, probably by the end of 1995. However, The Conference Board

has indicated that it intends to begin maintaining and publishing a set of data similar to the

BCI section. In addition, data for many BCI series will continue to be available from their

government or private sources; a listing of these sources will be published in an upcoming