Measuring Business Trends and Outlook through a New Survey

Catherine Buffington, Lucia Foster and Colin Shevlin

AEA Papers and Proceedings, 2023, vol. 113, 140-44

Abstract: The Census Bureau's new Business Trends and Outlook Survey (BTOS) provides timely information from businesses on their current trends and expectations over core concepts such as prices, employment, and revenue. The BTOS collects qualitative information in order to produce extensive margins for core economic phenomena. BTOS results are representative of all single-location nonfarm businesses in the United States. We highlight sectoral differences in extensive margins of employment and prices using the Finance and Insurance sector and the Accommodation and Food Services sector as examples. We find that businesses, especially in Accommodation and Food Services, anticipate future output price increases, possibly to accommodate rising current input prices.

JEL-codes: C83 E24 E31 G20 J23 L25 L83 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1257/pandp.20231051

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