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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 September 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.)

Special in this issue

48 Pollution Abatement and Control Expenditures, 1972–94 (PDF)

Real spending for pollution abatement and control (PAC) increased 7.3 percent in 1994 after increasing 2.5 percent in 1993. Spending increased for all major types; the largest increase was for air PAC (12.4 percent). Real spending for pollution abatement (PA), the largest component of PAC, increased 7.6 percent in 1994. Spending increased substantially across all major sectors of the economy; the largest increase was for personal consumption PA (11.8 percent). During 1972–94, real PAC spending increased at an average annual rate of 3.6 percent. By type, the fastest growth was in solid waste PAC spending (6.3 percent).

Regular features

1 Business Situation (PDF)

Real GDP increased 4.8 percent in the second quarter of 1996 after increasing 2.0 percent in the first quarter; the step-up was largely accounted for by an upturn in inventory investment and a pickup in government spending. Corporate profits increased $8.7 billion in the second quarter after increasing $33.3 billion in the first. As a result of larger increases in receipts than in expenditures, the Federal Government current deficit decreased $24.2 billion, to $131.0 billion, and the State and local government current surplus increased $10.0 billion, to $101.0 billion.

42 State and Local Government Fiscal Position, 1995 (PDF)

The current surplus of State and local governments decreased $4.7 billion, to $95.0 billion, in 1995. Receipts decelerated slightly, reflecting decelerations in all components except personal income taxes. Current expenditures accelerated, largely reflecting accelerations in consumption expenditures and in transfer payments for medical care. For 1996, available information suggests an increase of about $8–$14 billion in the current surplus of State and local governments.

Reports and statistical presentations

11 National Income and Product Accounts (PDF)

11 Selected NIPA Tables

35  NIPA Charts

37 Reconciliation and Other Special Tables

38 Selected Monthly Estimates (PDF)

40 Customer Satisfaction Report (PDF)

69 Foreign Direct Investment in the United States: Detail for Historical-Cost Position and Related Capital and Income Flows, 1995 (PDF)

98 U.S. Direct Investment Abroad: Detail for Historical-Cost Position and Related Capital and Income Flows, 1995 (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)



Revision of Annual State Personal Income. The results of a comprehensive revision of the annual estimates of State personal income for 1969–95 will be presented in the October SURVEY.

U.S. International Sales and Purchases of Private Services. Detailed estimates of U.S. cross-border services transactions in 1995 and of delivery of services through affiliates in 1994 will be presented in the November SURVEY. The estimates will incorporate results from BEA’s first benchmark survey of international trade in financial services, which covers 1994, and preliminary results from BEA’s 1994 benchmark survey of U.S. direct investment abroad.