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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 September 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 4.1 percent in the second quarter of 1994; more than half of the increase was accounted for by a jump in inventory investment. Real GNP increased 3.7 percent, and real GNP on a command basis increased 3.5 percent. Corporate profits increased $38.2 billion, a sharp turnaround from the first quarter, when profits were reduced as a result of the Northridge, California, earthquake.

55 Federal Personal Income Tax Liabilities and Payments: Revised and Updated Estimates, 1991–93 (PDF)

After paying their Federal income taxes for 1993, taxpayers still had outstanding tax liabilities of $11 billion. These excess liabilities reflected a change in tax law that raised marginal tax rates for high-income individuals but that made no revisions to withholding tables. In most recent years, Federal income tax payments had exceeded liabilities, because overwithholding had been built into the withholding tables.

58 Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies: Latest Plans for 1994, and Spending Patterns Since 1957 (PDF)

Plans suggest that capital spending by foreign affiliates of U.S. companies will increase 8 percent in 1994, after 3 years of considerably slower growth; the fastest growth in spending is expected in "Latin America and Other Western Hemisphere." During 1957–94, capital spending by foreign affiliates increased at an average annual rate of 8.4 percent, from $4.8 billion to $69.1 billion.

70 U.S. International Transactions, Second Quarter 1994 (PDF)

The U.S. current-account deficit increased $4.7 billion, to $37.0 billion, in the second quarter. The deficit on goods and services increased, as merchandise imports surged. In addition, income payments on foreign assets in the United States increased, raising the deficit on investment income.

98 U.S. International Sales and Purchases of Private Services: U.S. Cross-Border Transactions, 1993, and Sales by Affiliates, 1992  (PDF)

In 1993, U.S. cross-border services transactions were in surplus by $59.1 billion, slightly below the record level in 1992. The United States also had a record surplus, at $14.6 billion, on sales of services through majority-owned foreign affiliates in 1992, the latest year for which data on sales by affiliates are available. The United States has had surpluses on both of these types of services transactions in every year since 1987, the entire period for which comparable data exist.

Reports and statistical presentations

6 National Income and Product Accounts (PDF)

6 Selected NIPA Tables (PDF)

25  NIPA Charts (PDF)

27 Reconciliation and Other Special Tables (PDF)

28 Annual NIPA Revision: Newly Available Tables (PDF)

38 Summary NIPA Series, 1929–93 (PDF)

49 Selected Monthly Estimates (PDF)

51 Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade: 1991:I1994:II (PDF)

C-1 Business Cycle Indicators (PDF)

C-1 Data tables

C-6 Footnotes for pages C-1 through C-5

C-7 Charts

Customer service statement (see page 4) (PDF)



Alternative Measures of Output and Prices. Beginning in October 1994, BEA will prepare alternative quantity and price measures for the "advance" quarterly NIPA estimates; previously, the alternative measures were prepared and published only for the "preliminary" and the "final" estimates. Thus, the alternative measures will now appear each month in the "Selected NIPA Tables." In addition, they will be available on the U.S. Department of Commerce’s Economic Bulletin Board 3 working days after each GDP news release.

Composite Indexes Revision. The annual revision of the composite indexes of leading, coincident, and lagging indicators will be presented in the October SURVEY. The indexes will be revised from 1989 forward to incorporate revised data for the component series.