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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 October 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

37 The International Monetary Fund’s New Standards for Economic Statistics (PDF)

In April 1996, the International Monetary Fund issued new standards for data dissemination for member countries. The standards are aimed at encouraging countries to take steps to meet the need for better statistics on four broad fronts: Coverage, periodicity, and timeliness; access by the public; integrity; and quality. By voluntary subscription to the standard, a country makes public its commitment to the standards’ requirements for the dissemination of data considered essential for the comprehension of economic performance. The United States is among the countries to date that have agreed to comply with the new standards.

37 How U.S. Economic Statistics Comply With the New IMF Standards (PDF)

39 Standards for the Dissemination of Economic and Financial Statistics (PDF)

48 Comprehensive Revision of State Personal Income, 1969–95 (PDF)

In late September, BEA released the results of the comprehensive revision of the annual estimates of State personal income and disposable personal income for 1969–95. The revised State estimates incorporate the recent comprehensive NIPA revision, improvements in the source data and in the methods used to estimate specific components of State personal income, and newly available data from regular sources. For most States, personal income was revised up for most years. However, for most States, the effects of the revisions on the long-term growth rates of personal income and on the rankings of per capita personal income were small.

Regular features

1 Business Situation (PDF)

Real GDP increased 4.7 percent in the second quarter of 1996, up from a 2.0-percent increase in the first quarter. Real GNP increased 4.3 percent in the second quarter. Corporate profits increased $10.7 billion in the second quarter after increasing $33.3 billion in the first; the slowdown was largely accounted for by profits of domestic financial corporations.

94 U.S. International Transactions, Second Quarter 1996 (PDF)

The U.S. current-account deficit increased $3.9 billion, to $38.8 billion, in the second quarter of 1996. An increase in the deficit on goods and services and a shift to a deficit on investment income more than offset lower net unilateral transfers.

Reports and statistical presentations

4 National Income and Product Accounts (PDF)

4 Selected NIPA Tables

28  NIPA Charts

30 Reconciliation and Other Special Tables

31 Errata

32 Selected Monthly Estimates (PDF)

34 Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade, 1994:I–1996:II (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)



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.

SURVEY Statistical Section. An upcoming issue of the SURVEY will introduce an expanded section of charts and tables that better highlights BEA’s national, regional, and international estimates.