An Upcoming Change in the NIPA Presentation of Private Inventories by Industry.(national income and product accounts ; North American Industry Classification System)

From: Survey of Current Business | Date: June 1, 2001 | Copyright information

AS part of this year's annual revision of the national income and product accounts (NIPA's), the Bureau of Economic Analysis (BEA) will convert its inventory estimates from a Standard Industrial Classification (SIC) basis to a North American Industry Classification System (NAICS) basis. The conversion affects the detailed estimates by industry but not the aggregate measure of the change in private inventories; thus, current-dollar and real GDP are not affected. This note briefly describes the implementation of NAICS in the inventory estimates and then presents the by-industry ...

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