Census Bureau Announces New 2022 Annual Integrated Economic Survey
SEPTEMBER 5, 2023 ? The U.S. Census Bureau this week announced the launch of the 2022 Annual Integrated Economic Survey (AIES), a limited-scope collection of the 2023 AIES that will launch in March 2024. The AIES provides key yearly measures of economic activity, including the only comprehensive national and subnational data on business revenues, employment, expenses and assets on an annual basis. Approximately 8,300 companies will be asked to complete the 2022 AIES. Responses to the 2022 AIES will be used to examine patterns of response to determine what additional support will be needed for future data collections. With the full launch of the 2023 AIES, approximately 385,000 companies will be in scope.
The AIES is designed to consolidate and combine content from seven current economic surveys: the Annual Capital Expenditures Survey (ACES); Annual Retail Trade Survey (ARTS); Annual Wholesale Trade Survey (AWTS); Service Annual Survey (SAS); Report of Organization (COS); Annual Survey of Manufacturers; and the Manufacturers? Unfulfilled Orders Survey (M3UFO). Companies selected to receive the 2022 AIES are those that would have normally received two or more of the aforementioned seven surveys in a single year and will be required to respond to the 2022 AIES collection in lieu of these surveys.?
Written by: Ron Jarmin, Deputy Director
The U.S. Census Bureau conducts several annual economic surveys of businesses that are critical to the nation?s data infrastructure. These surveys provide a bridge between the comprehensive coverage provided by our 5-year economic census and the timeliness of our monthly indicator surveys. They provide benchmarks for the monthly surveys and help us maintain our Business Register ? our frame of U.S. companies and their locations and basic characteristics ? that supports all our statistical programs focused on businesses. The annual surveys are a valuable resource used in economic research (including several of my own papers) helping us to understand things like business dynamism and productivity growth.
As part of the Census Bureau?s ongoing commitment to innovation, we are working to reengineer our processes to increase efficiency and improve the data generated by our annual business collections. Efforts began in 2015, when we asked the Committee on National Statistics, known as?CNSTAT,?of the National Academies of Science, Engineering and Medicine to assemble a panel to review our 11 (at the time) annual economic surveys and make recommendations on how to improve data quality, reduce burden on sampled companies and improve the efficiency and cost-effectiveness of Census Bureau operations. Former Commissioner of Labor Statistics Katharine Abraham chaired the panel that met several times over the 2015-2017 period. Their findings and recommendations are summarized in a 2018?report.
The panel?s key recommendation was for the Census Bureau to design and implement an integrated annual survey system for collecting information from businesses. As a result, and as the culmination of years of work, the Census Bureau is consolidating seven of its annual business surveys into a single survey ? the Annual Integrated Economic Survey (AIES). Continue reading...?
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