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Home > Publications > Survey of Current Business > February 2004- Volume 84 - Number 2 |
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February 2004 - Volume 84 - Number 2Business Situation: Advance Estimates for the Fourth Quarter of 2003 and for the Year 2003The pace of U.S. production moderated in the fourth quarter, as real GDP increased 4.0 percent after increasing 8.2 percent in the third quarter. The deceleration mainly reflected slower growth of consumer spending. Inflation slowed: The price index for gross domestic purchases increased 1.0 percent after increasing 1.8 percent, mainly reflecting a downturn in energy prices. In 2003, real GDP increased 3.1 percent after increasing 2.2 percent in 2002. The step-up mainly reflected upturns in nonresidential investment and exports; consumer spending slowed, and inventory investment turned down. | PDF | XLS Improved Estimates of the National Income and Product Accounts for 1929-2002: Results of the Comprehensive RevisionThe Bureau of Economic Analysis has released the results of the 12th
comprehensive revision of the NIPAs. The revised estimates incorporate
a number of major improvements that are designed to better measure the
ever-changing U.S. economy. The revisions to GDP and the other major NIPA
aggregates and their components are described, and the revisions that
are attributable to the various improvements are identified. The picture
of the economy shown by the revised estimates is similar to that shown
by the previously published estimates: Real GDP grew at about the same
rate as in the previously published estimates, and the most recent recession
and the current expansion are slightly milder than previously estimated.
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National Income and Product Accounts TablesAn extensive set of tables presents estimates from the 2003 comprehensive NIPA revision. It includes annual estimates for 2000-2003 and quarterly estimates for the second quarter of 2000 through the fourth quarter of 2003 in the selected set of tables that are published monthly. It also includes annual estimates for 1999-2002 and monthly estimates for 1999-2003 that are a part of the extended set of NIPA tables. | PDF | Interactive Data GDP and Other Major NIPA Series, 1929-2003A set of tables presents the historical series from the 2003 comprehensive NIPA revision. Specifically, it presents estimates of GDP and its components in current dollars, in chained dollars, and in chain-type quantity and price indexes, and estimates of national income and personal income. | PDF | Interactive Data Annual Customer Satisfaction Survey Report for Fiscal Year 2003BEA's survey received feedback in three critical areas: Customer satisfaction, product use, and Web site features. | PDF Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade, 1997:I-2003:IIIThe quarterly and monthly estimates of inventories, sales, and inventory-sales ratios have been revised to reflect the results of the 2003 comprehensive NIPA revision. | PDF State Personal Income: Third Quarter 2003Personal income for the Nation grew 1.1 percent, up from 1.0 percent in the second quarter. Reflecting continued strong growth in farm earnings, 3 of the 10 fastest growing states are in the Plains region, and 2 are in the Rocky Mountain region. Earnings grew in every industry for the first time in more than 2 years and in all the states and the District of Columbia. | PDF Looking AheadPreview of the Comprehensive Revision of the Industry Accounts. An article that describes the integration of BEA's annual input-output accounts with the GDP-by-industry accounts is scheduled for an upcoming issue of the Survey. BEA Current and Historical Data
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