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*** NOTICE *** NOTICE *** NOTICE *** NOTICE
***
With this release, the Bureau of the Census
and the Bureau of theEconomic Analysis are publishing revised
U.S. goods and services trade statistics.
Select:
Goods
The
1998 unadjusted Census basis goods data were revised to eliminate
"carry over" (that portion of the monthly statistics that
arrives too late for inclusion in the transaction month) and
to include errata data (corrections to the published monthly
data). The 1997 unadjusted Census basis goods data were also
revised based on new source data for U.S. imports of automobiles
from Canada. See Table 17a on page 58. Once these corrections
were completed, factors for seasonal adjustment,working day
adjustment, and constant dollars were recomputed, and the
seasonally adjusted and constant dollar series were revised
for 1996, 1997, and 1998.
Services
The
services account has been redefined in order to bring it into
alignment with the concepts used in the U.S. national income
and product accounts and into closer conformance with international
guidelines established by the International Monetary Fund.
Compensation of foreign workers temporarily employed in the
United States and of U.S. workers temporarily employed abroad,
which until now has been included indistinguishably as a component
of "Other private services", is removed from both services
receipts and payments for all time periods shown in this release.
(The amounts removed are reclassified to the income account
of the international transactions accounts, which are released
separately by the Bureau of Economic Analysis). As a result
of this redefinition, service payments are reduced more than
service receipts, thereby increasing the services surplus.
Other revisions to the services account result from the use
of newly developed data for travel payments for 1997-98, the
incorporation of results from annual surveys, and newly available
and updated source data.
CONTENTS:
Seasonally Adjusted
Not Seasonally Adjusted
1992 and 1995 Revisions
Compressed File
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