To provide timely estimates of revenue for covered service industries. The United States Code, Title 13, authorizes this survey.
Currently, the Quarterly Services Survey (QSS) covers the following:
The QSS is a principal economic indicator series that produces, for selected service industries, quarterly estimates of total operating revenue and the percentage of revenue by class of customer (government, business, and individuals). The survey also produces estimates of total operating expenses from tax-exempt firms in industries that have a large not-for-profit component. In addition, for hospital services, the survey estimates the number of inpatient days and discharges.
The survey is conducted quarterly. Data collection begins following the end of each calendar quarter and continues for approximately 14 days. A new sample is introduced every five to seven years.
A survey is sent to a sample of approximately 18,000 service providers with paid employees that operate in the covered sectors. Those in the sample can choose to respond though mail, fax, or internet reporting.
In order to be eligible, service businesses must be in the Business Register, which contains all Employer Identification Numbers (EINs) for listed businesses and locations of multi-establishment companies. EINs may represent one or more establishments and firms may have one or more EINs.
The sample is updated quarterly to reflect births and deaths, adding new employer businesses identified in the Business and Professional Classification Survey and deleting firms and EINs that are no longer active.
Quarterly Services Survey (QSS) reports are available 75 days following the end of each quarter. The release schedule is found at:http://www.census.gov/briefrm/calendar-listview.html
To view the current report, please click here.
The QSS is a new principal economic indicator of Service Industry activity. It is used by the Bureau of Economic Analysis to significantly improve their quarterly GDP estimates. It also provides the Federal Reserve Board and Council of Economic Advisors with timely information to assess current economic performance. Other government and private stakeholders also benefit from a better understanding of important cyclical components of our economy.
Provides the most timely data on revenue produced within the Service Industry.