Improved Annual Industry Accounts for 1998-2003: integrated annual input-output accounts and gross-domestic-product-by-industry accounts.

From: Survey of Current Business | Date: June 1, 2004| Author: Kern, Paul V.; Kish, Abigail M.; Moyer, Brian C.; Planting, Mark A. | Copyright information

ON June 17, 2004, the Bureau of Economic Analysis (BEA) released the initial results of the comprehensive revision of the annual industry accounts. This release marks a major advance in the timeliness, accuracy, and consistency of the annual input-output (I-O) accounts and the gross-domestic-product-(GDP)-by-industry accounts as a result of significant improvements in BEA's estimating methods. The new methodology combines source data between the two accounts to improve accuracy; it...

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