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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 March 1994

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)

Real GDP increased 7.0 percent in the fourth quarter of 1993. Real GNP increased 6.2 percent, and real GNP on a command basis increased 6.1 percent. Corporate profits surged $42.0 billion, up from a $10.4 billion increase in the third quarter. In the government sector, the fiscal position improved in the fourth quarter: The Federal deficit decreased $6.7 billion, and the State and local government surplus increased $9.2 billion.

30 State and Local Government Fiscal Position in 1993 (PDF)

The surplus of State and local governments decreased to $1.9 billion in 1993 from $7.2 billion in 1992. Receipts and expenditures both slowed, but the slowdown in receipts—which reflected the effects of tax law changes—was sharper. The outlook for 1994 suggests that the surplus is likely to be $5 billion or less.

36 Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies, Plans for 1994 (PDF)

Plans suggest that capital spending by foreign affiliates of U.S. companies will pick up in 1994 from the relatively slow pace of the past 5years. All of the planned 8-percent increase in spending is occurring outside of Europe, where generally weak business conditions are holding spending plans constant.

44 U.S. International Transactions, Fourth Quarter and Year 1993 (PDF)

In the fourth quarter of 1993, the U.S. current-account deficit increased $3.4 billion, to $31.5 billion, as a decrease in the deficit on merchandise trade was outweighed by changes in the other components. For the year, the current-account deficit increased $42.8billion, to $109.2 billion. A large increase in the deficit on goods and services, driven by a jump in the merchandise trade deficit, was augmented by a drop in the surplus on investment income.

Reports and statistical presentations

5 National Income and Product Accounts (PDF)

5 Selected NIPA Tables (PDF)

24 NIPA Charts (PDF)

26 Reconciliation and Other Special Tables (PDF)

27 Errata (PDF)

28 Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade (PDF)


C-1 Business Cycle Indicators (PDF)

C-1 Data tables (PDF)

C-6 Footnotes for pages C-1 through C-5 (PDF)

C-7 Charts (PDF)

S-1 Current Business Statistics (PDF)

S-1 Data tables

S-33 Footnotes for pages S-1 through S-32

S-35 Index to Current Business Statistics

S-36 Sources for Current Business Statistics

Inside back cover: BEAInformation (PDF)

(A listing of recent BEA publications available from )


Current Business Statistics. As announced last month, this issue of the SURVEY will be the last one that contains the "Current Business Statistics" (S-pages) section. A listing of sources for the series that appear in that section, including addresses and telephone numbers, is provided beginning on page S-36 in this issue.

Economic and Environmental Satellite Accounts. In the April SURVEY, BEA will present a framework for integrated economic and environmental satellite accounts along with prototype estimates, for recent decades, of nonrenewable natural resources. These supplemental accounts will build upon the existing system of accounts to show a more comprehensive and integrated picture of the interaction between the economy and the environment.

Benchmark Input-Output Accounts. The 1987 benchmark input-output accounts for the U.S. economy will presented in an upcoming SURVEY. The article will include summary tables for 95 industries and will provide information on how to obtain disaggregated data in electronic format for nearly 500 industries.