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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 October 1997

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

24 State Personal Income, Revised Estimates for 195896 (PDF)

This release of revised annual estimates of State personal income for 195896 completes the comprehensive revision to the estimates for those years. The revised estimates incorporate the final results of the most recent comprehensive revision of the national income and product accounts (NIPAs), the 1997 annual revision of the NIPAs, the county-level estimation of the adjustment for residence, and newly available State-level source data. The revisions to the estimates of State personal income before 1993 were generally small and reflected the revisions to the national estimates. By 1996, the revisions were more widespread and more substantial, reflecting both the revisions to the national estimates and the incorporation of newly available State-level source data for all the components of personal income.

Regular features

1 Business Situation (PDF)

Real GDP increased 3.3 percent in the second quarter of 1997 after increasing 4.9 percent in the first quarter, and the price index for gross domestic purchases increased 0.8 percent after increasing 1.9 percent. Corporate profits increased $15.5 billion in the second quarter, largely reflecting an increase in the profits of domestic non-financial corporations.

44 U.S. Multinational Companies: Operations in 1995 (PDF)

Growth in the overall operations of U.S. multinational companies (MNCs) continued in 1995: Worldwide gross product of U.S. parent companies and their majority-owned foreign affiliates combined increased 6 percent, employment increased 1 percent, and capital expenditures increased 8 percent. Gross product and employment grew faster for the foreign affiliates than for the parents, while capital expenditures grew at the same rate for both. However, worldwide production and productive resources of MNCs remained concentrated in the United States: U.S. parents accounted for three-fourths of the gross product, employment, and capital expenditures of U.S. MNCs, while their affiliates accounted for one-fourth.

69 U.S. International Transactions, Second Quarter 1997 (PDF)

The U.S. current-account deficit decreased to $39.0 billion in the second quarter of 1997 from $40.0 billion in the first quarter. A decrease in the deficit on goods and services more than offset increases in the deficit on investment income and in net unilateral transfers. In the capital account, net recorded capital inflows were $56.2 billion in the second quarter, down from $54.3 billion in the first.

95 U.S. International Sales and Purchases of Private Services: U.S. Cross-Border Transactions in 1996 and Sales by Affiliates in 1995 (PDF)

The United States recorded another surplus on cross-border transactions in private services in 1996, when the balance rose to a record $78.1 billion and offset a significant portion of the $191.2 billion U.S. deficit on trade in goods. By country, Japan was the leading destination for exports of services, and the United Kingdom was the leading origin for imports of services. In 1995, the latest year for which data are available on services delivered through majority-owned affiliates, sales of services abroad by the foreign affiliates of U.S. companies increased 20 percent to $205.8 billion, while sales of services in the United States by the U.S. affiliates of foreign companies increased 8 percent to $167.6 billion. By country, affiliates of U.S. companies in the United Kingdom had the largest share of services sold abroad by foreign affiliates, and affiliates with ultimate beneficial owners in the United Kingdom had the largest share of services sold in the United States by U.S. affiliates.

Reports and statistical presentations

4 Annual NIPA Revision: Newly Available Tables (PDF)

17 Real Inventories, Sales, and Inventory Sales Ratios for Manufacturing and Trade, 1992:IV1997:II (PDF)

D1 BEA Current and Historical Data

National Data:

D--2 Selected NIPA Tables (PDF)
D27 Other NIPA and NIPA Related Tables (PDF)
D36 Historical Tables (PDF)

D--41 Domestic Perspectives (PDF)

D--43 Charts (PDF)

International Data:

D51 Transactions Tables (PDF)
D57 Investment tables (PDF)
D62 International perspectives (PDF)
D64 Charts (PDF)

Regional Data:

D--65 Local area table (PDF)


D--67 Appendix A: Additional information about BEAs NIPA estimates (PDF)
D--69 Appendix B: Suggested reading (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)




Benchmark Input  Output Accounts. The 1992 benchmark input output accounts for the U.S. economy will be presented in two upcoming articles in the SURVEY. The first article will include summary tables of the output (make) and the inputs (use) for each of 96 industries, and the second will include requirements tables for those industries.

Gross Product by Industry. Revised estimates of gross product by industry for 1993 and 1994 and new estimates for 1995 and 1996 that incorporate the recent annual NIPA revision will be presented in an upcoming issue of the SURVEY.