Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Quarterly Services Survey, 17377-17379 [2024-05042]
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Federal Register / Vol. 89, No. 48 / Monday, March 11, 2024 / Notices
and cultural resources within the area
potentially affected by the proposed
Logan River project will assist NRCS in
identifying and evaluating impacts to
such resources in the context of both the
National Environmental Policy Act
(NEPA) and NHPA.
NRCS will consult with Native
American tribes on a government-togovernment basis in accordance with 36
CFR 800.2 and 800.3, Executive Order
13175, and other policies. Tribal
concerns, including impacts on Indian
trust assets and potential impacts to
cultural resources and historic
properties, will be given due
consideration.
Authorities
This document is published pursuant
to the NEPA regulations regarding
publication of a NOI to issue an EIS (40
CFR 1501.9(d)). Watershed planning is
authorized under the Watershed
Protection and Flood Prevention Act of
1954, as amended, and the Flood
Control Act of 1944.
Federal Assistance Programs
The title and number of the Federal
Assistance Program as found in the
Assistance Listing 1 to which this
document applies is 10.904, Watershed
Protection and Flood Prevention.
ddrumheller on DSK120RN23PROD with NOTICES1
Executive Order 12372
Executive Order 12372,
‘‘Intergovernmental Review of Federal
Programs,’’ requires consultation with
State and local officials that would be
directly affected by proposed Federal
financial assistance. The objectives of
the Executive Order are to foster an
intergovernmental partnership and a
strengthened federalism, by relying on
State and local processes for State and
local government coordination and
review of proposed Federal financial
assistance and direct Federal
development. This Logan River project
is subject to the provisions of Executive
Order 12372, which requires
intergovernmental consultation with
State and local officials.
USDA Non-Discrimination Policy
In accordance with Federal civil
rights law and USDA civil rights
regulations and policies, USDA, its
Agencies, offices, and employees, and
institutions participating in or
administering USDA programs are
prohibited from discriminating based on
race, color, national origin, religion, sex,
gender identity (including gender
expression), sexual orientation,
disability, age, marital status, family/
1 See
https://sam.gov/content/assistance-listings.
VerDate Sep<11>2014
18:24 Mar 08, 2024
Jkt 262001
parental status, income derived from a
public assistance program, political
beliefs, or reprisal or retaliation for prior
civil rights activity, in any program or
activity conducted or funded by USDA
(not all bases apply to all programs).
Remedies and complaint filing
deadlines vary by program or incident.
Individuals who require alternative
means of communication for program
information (for example, Braille, large
print, audiotape, American Sign
Language, etc.) should contact the
responsible Agency or USDA TARGET
Center at (202) 720–2600 (voice and text
telephone) or dial 711 for
Telecommunications Relay Service
(both voice and text telephone users can
initiate this call from any phone).
Additionally, program information may
be made available in languages other
than English.
To file a program discrimination
complaint, complete the USDA Program
Discrimination Complaint Form, AD–
3027, found online at https://
www.usda.gov/oascr/how-to-file-aprogram-discrimination-complaint and
at any USDA office or write a letter
addressed to USDA and provide in the
letter all the information requested in
the form. To request a copy of the
complaint form, call (866) 632–9992.
Submit your completed form or letter to
USDA by: (1) mail to: U.S. Department
of Agriculture, Office of the Assistant
Secretary for Civil Rights, 1400
Independence Avenue SW, Washington,
DC 20250–9410; (2) fax: (202) 690–7442;
or (3) email: program.intake@usda.gov.
USDA is an equal opportunity
provider, employer, and lender.
Emily Fife,
Utah State Conservationist, Natural
Resources Conservation Service.
[FR Doc. 2024–05091 Filed 3–8–24; 8:45 am]
BILLING CODE 3410–16–P
DEPARTMENT OF COMMERCE
Census Bureau
Agency Information Collection
Activities; Submission to the Office of
Management and Budget (OMB) for
Review and Approval; Comment
Request; Quarterly Services Survey
The Department of Commerce will
submit the following information
collection request to the Office of
Management and Budget (OMB) for
review and clearance in accordance
with the Paperwork Reduction Act of
1995, on or after the date of publication
of this notice. We invite the general
public and other Federal agencies to
comment on proposed, and continuing
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17377
information collections, which helps us
assess the impact of our information
collection requirements and minimize
the public’s reporting burden. Public
comments were previously requested
via the Federal Register on December 8,
2023 during a 60-day comment period.
This notice allows for an additional 30
days for public comments.
Agency: U.S. Census Bureau,
Department of Commerce.
Title: Quarterly Services Survey.
OMB Control Number: 0607–0907.
Form Number(s): QSS–1A, QSS–1E,
QSS–1PA, QSS–1PE, QSS–2A, QSS–2E,
QSS–3A, QSS–3E, QSS–3SA, QSS–3SE,
QSS–5A, QSS–5E, QSS–4A, QSS–4E,
QSS–4FA, QSS–4FE, QSS–4SA, QSS–
4SE.
Type of Request: Regular submission,
Request for an Extension, without
change, of a currently approved
collection.
Number of Respondents: 24,200.
Average Hours per Response: 10
minutes: QSS–1A, QSS–1E, QSS–1PA,
QSS–1PE, QSS–2A, QSS–2E, QSS–3A,
QSS–3E, QSS–3SA, QSS–3SE, QSS–5A,
QSS–5E. 15 minutes: QSS–4A, QSS–4E,
QSS–4FA, QSS–4FE, QSS–4SA, QSS–
4SE.
Burden Hours: 20,700.
Needs and Uses: The U.S. Census
Bureau requests an extension, without
change, of the Quarterly Services Survey
(QSS). In the 1980s, it was determined
that the service economy, despite its
growing importance and share of Gross
Domestic Product (GDP), was not
adequately covered by the existing
federal statistical programs. At the time,
the only services data available came
from the Service Annual Survey (SAS)
and the quinquennial Economic Census,
therefore the decision was made to
create a new principal economic
indicator designed to expand upon the
Census Bureau’s existing annual survey.
The QSS was first released in 2004,
making it the first new U.S. federal
government economic indicator in 30
years. The QSS is now a major source
for the development of quarterly GDP
and an indicator of short-term economic
change.
The initial scope of the QSS was
driven primarily by Bureau of Economic
Analysis (BEA) priorities and what the
budget initiative would allow. The goal
was to begin covering the most dynamic
sectors of the service economy for
which BEA had little to no alternate
source data. In the wake of the dot-com
bubble in the early 2000s, it was clear
that information services and high-tech
industries needed to be a priority as
BEA experienced major revisions to
their GDP estimates as annual data came
in later. At the time it was launched,
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11MRN1
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17378
Federal Register / Vol. 89, No. 48 / Monday, March 11, 2024 / Notices
QSS produced estimates for just three
North American Industry Classification
System (NAICS) sectors (51, 54, and 56).
Shortly after the Financial Crisis in
2007–2008, QSS received approval to
expand the scope of the survey to match
that of the Economic Census of Services.
A major part of this expansion would
provide for tracking of the financial
sector which, of course, was now in the
spotlight. Between 2009 and 2010, QSS
underwent a multi-phased expansion,
increasing the total coverage from three
to eleven NAICS sectors.
QSS expanded yet again in 2012 to
cover the Accommodation subsector
which was the only remaining service
industry with no sub-annual coverage.
We currently publish estimates based
on the 2012 NAICS. The QSS covers all
or parts of the following NAICS sectors:
Utilities (excluding government owned);
Transportation and warehousing (except
rail transportation and postal service);
Information; Finance and insurance
(except funds, trusts, and other financial
vehicles); Real estate and rental and
leasing; Professional, scientific, and
technical services; Administrative and
support and waste management and
remediation services; Educational
services (except elementary and
secondary schools, junior colleges, and
colleges, universities, and professional
schools); Health care and social
assistance; Arts, entertainment, and
recreation; Accommodation; and Other
services (except public administration).
See Section 19 (NAICS Codes Affected)
for a list of all of the QSS sectors. The
QSS provides the most current official
measures of total revenue and
percentage of revenue by class of
customer (for selected industries) on a
quarterly basis. In addition, the QSS
provides the most current official
quarterly measure of total expenses from
tax-exempt firms in industries that have
a large not-for-profit component. All
respondent data are received by mail,
telephone, or internet reporting.
The total revenue estimates produced
from the QSS provide current trends of
economic activity in the service
industry in the United States from
service providers with paid employees.
In addition to revenue, we also collect
total expenses from tax-exempt firms in
industries that have a large not-for-profit
component. Expenses provide a better
measure of the economic activity of
these firms. Expense estimates produced
by the QSS, in addition to inpatient
days and discharges for the hospital
industry, are used by the Centers for
Medicare and Medicaid Services (CMS)
to project and study hospital regulation,
Medicare payment adequacy, and other
related projects. For select industries in
VerDate Sep<11>2014
18:24 Mar 08, 2024
Jkt 262001
the Arts, entertainment, and recreation
sector, the survey produces estimates of
admissions revenue.
Beginning with the release of 2016
fourth quarter estimates on February 17,
2017, the first Advance Quarterly
Services Report was released in an effort
to meet data users’ needs for more
timely data. Published approximately 50
days following the end of the quarter,
the Advance Quarterly Services Report
contains a snapshot of quarterly
estimates of revenue for selected sectors,
subsectors, and industries on a not
seasonally adjusted basis. Our research
found that these selected levels were
good predictors of the estimates
published in the full quarterly services
report.
Beginning with the release of the 2019
first quarter estimates, originally
published on May 17, 2019, the
Advance Quarterly Services Report
includes a seasonally adjusted estimate
for the Selected Services Total. With the
release of the 2021 fourth quarter
estimates, on March 11, 2022, the
Quarterly Services Report now includes
135 seasonally adjusted revenue series.
Additionally, with the release of the
2022 fourth quarter estimates, on March
14, 2023, the Quarterly Services Report
includes seasonally adjusted expenses
estimates for 40 selected industries.
Seasonal adjustment is the process of
estimating and removing seasonal
effects from a time series in order to
better reveal certain non-seasonal
features. Many data users prefer
seasonally adjusted data because they
want to see those characteristics that
seasonal movements tend to mask,
especially changes in the direction of
the series.
Reliable measures of economic
activity are essential to an objective
assessment of the need for, and impact
of, a wide range of public policy
decisions. The QSS supports these
measures by providing the latest
estimates of service industry output on
a quarterly basis.
Currently, the U.S. Census Bureau
collects, tabulates, and publishes
estimates to provide, with measurable
reliability, statistics on domestic service
total revenue, total expenses, and
percentage of revenue by class of
customer for select service providers. In
addition, the QSS produces estimates
for inpatient days and discharges for
hospitals.
The BEA is the primary Federal user
of QSS results. The BEA utilizes the
QSS estimates to make improvements to
the national accounts for service
industries. In the National Income and
Product Accounts (NIPA), the QSS
estimates allow more accurate estimates
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of both Personal Consumption
Expenditures (PCE) and private fixed
investment. For example, published
revisions to the quarterly NIPA
estimates are often the result of
incorporation of the latest source data
from the QSS. Revenue estimates from
the QSS are also used to produce
estimates of gross output by industry
that allow BEA to produce a much
earlier release of the gross domestic
product by industry estimates.
Estimates produced from the QSS are
used by the BEA as a component of
quarterly GDP estimates. The estimates
also provide the Federal Reserve Board
(FRB) and Council of Economic
Advisors (CEA) with timely information
on current economic performance.
The CMS uses the QSS estimates to
develop hospital spending estimates in
the National Health Expenditure
Accounts. In addition, the QSS
estimates improve their ability to
analyze changes in spending trends for
hospitals and other healthcare services.
The CMS also uses the estimates in its
ten-year health spending forecast
estimates and in studies related to
Medicare policy and trends.
Estimates collected from this survey
are used for market research, industry
growth, business planning, economic
policy decisions, and forecasting by
various government agencies and
departments; private businesses;
investors; trade organizations;
professional associations; academia; and
other various business research and
analysis organizations.
Private sector data users and other
government agencies both benefit from
an earlier release of U.S. services data.
The Advance Quarterly Services Report
allows policymakers and private data
users to make data-driven decisions
sooner due to this high-level snapshot of
economic data. In addition, the release
also allows the BEA to incorporate
services data into the second estimate of
the GDP. Prior to the implementation of
the Advance Quarterly Services Report,
Quarterly Services Survey estimates
were incorporated in the third estimate
of GDP.
Affected Public: Business or other forprofit organizations.
Frequency: Quarterly.
Respondent’s Obligation: Voluntary.
Legal Authority: Title 13 U.S.C.,
Sections 131 and 182.
This information collection request
may be viewed at www.reginfo.gov.
Follow the instructions to view the
Department of Commerce collections
currently under review by OMB.
Written comments and
recommendations for the proposed
information collection should be
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Federal Register / Vol. 89, No. 48 / Monday, March 11, 2024 / Notices
submitted within 30 days of the
publication of this notice on the
following website www.reginfo.gov/
public/do/PRAMain. Find this
particular information collection by
selecting ‘‘Currently under 30-day
Review—Open for Public Comments’’ or
by using the search function and
entering either the title of the collection
or the OMB Control Number 0607–0907.
Sheleen Dumas,
Department PRA Clearance Officer, Office of
the Under Secretary for Economic Affairs,
Commerce Department.
[FR Doc. 2024–05042 Filed 3–8–24; 8:45 am]
BILLING CODE 3510–07–P
DEPARTMENT OF COMMERCE
Foreign-Trade Zones Board
[B–57–2023]
Foreign-Trade Zone (FTZ) 61;
Authorization of Production Activity;
AIAC International Pharma, LLC;
(Pharmaceutical Products); Arecibo,
Puerto Rico
On November 7, 2023, AIAC
International Pharma, LLC submitted a
notification of proposed production
activity to the FTZ Board for its facility
within Subzone 61D, in Arecibo, Puerto
Rico.
The notification was processed in
accordance with the regulations of the
FTZ Board (15 CFR part 400), including
notice in the Federal Register inviting
public comment (88 FR 77952,
November 14, 2023). On March 6, 2024,
the applicant was notified of the FTZ
Board’s decision that no further review
of the activity is warranted at this time.
The production activity described in the
notification was authorized, subject to
the FTZ Act and the FTZ Board’s
regulations, including section 400.14.
Dated: March 6, 2024.
Elizabeth Whiteman,
Executive Secretary.
Yvette Springer,
Committee Liaison Officer.
[FR Doc. 2024–05109 Filed 3–8–24; 8:45 am]
BILLING CODE 3510–JT–P
DEPARTMENT OF COMMERCE
International Trade Administration
Bureau of Industry and Security
Materials and Equipment Technical
Advisory Committee; Notice of Open
Meeting—Virtual
The Materials and Equipment
Technical Advisory Committee will
meet on March 26, 2024, 10 a.m.,
eastern daylight time. This meeting will
be virtual via MS Teams. The
Committee advises the Office of the
Jkt 262001
Enforcement and Compliance,
International Trade Administration,
Department of Commerce.
SUMMARY: The U.S. Department of
Commerce (Commerce) determines that
PT. Kenertec Power System (Kenertec)
made sales of subject merchandise at
less than normal value during the
period of review (POR), August 1, 2021,
through July 31, 2022.
DATES: Applicable March 11, 2024.
FOR FURTHER INFORMATION CONTACT:
Amaris Wade, AD/CVD Operations,
AGENCY:
DEPARTMENT OF COMMERCE
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Open Session
1. Opening Remarks and Introduction
by BIS Senior Management.
2. Presentation on 2B350
Manufactured Equipment
3. Presentations from METAC
members.
4. Report from working groups.
The open session will be accessible
via teleconference. To join the
conference, submit inquiries to Yvette
Springer at Yvette.Springer@bis.doc.gov,
no later than March 19, 2024.
To the extent time permits, members
of the public may present oral
statements to the Committee. The public
may submit written statements at any
time before or after the meeting.
However, to facilitate distribution of
public presentation materials to
Committee members, the Committee
suggests that presenters forward the
public presentation materials prior to
the meeting to Ms. Springer.
For more information, contact Ms.
Springer.
Utility Scale Wind Towers From
Indonesia: Final Results of
Antidumping Duty Administrative
Review; 2021–2022
BILLING CODE 3510–DS–P
18:24 Mar 08, 2024
Agenda
[A–560–833]
[FR Doc. 2024–05113 Filed 3–8–24; 8:45 am]
VerDate Sep<11>2014
Assistant Secretary for Export
Administration with respect to technical
questions that affect the level of export
controls applicable to transportation
and related equipment or technology.
The purpose of the meeting is to have
Committee members and U.S.
Government representatives mutually
review updated technical data and
policy-driving information that has been
gathered.
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17379
Office II, Enforcement and Compliance,
International Trade Administration,
U.S. Department of Commerce, 1401
Constitution Avenue NW, Washington,
DC 20230; telephone: (202) 482–6334.
SUPPLEMENTARY INFORMATION:
Background
On September 7, 2023, Commerce
published in the Federal Register the
Preliminary Results of the 2021–2022
administrative review 1 of the
antidumping duty order on utility scale
wind towers from Indonesia.2 This
review covers one producer/exporter of
the subject merchandise, Kenertec. We
invited interested parties to comment on
the Preliminary Results.3 On October 10,
2023, we received case briefs from
Kenertec and the Wind Tower Trade
Coalition (i.e., the petitioner).4 On
October 24, 2023, we received rebuttal
briefs from Kenertec and the petitioner.5
On December 26, 2023, Commerce
extended the deadline for the final
results of review until March 5, 2024.6
For a complete description of the events
that occurred since the Preliminary
Results, see the Issues and Decision
Memorandum.7 Commerce conducted
this review in accordance with section
751(a)(1)(B) of the Tariff Act of 1930, as
amended (the Act).
Scope of the Order
The merchandise subject to the Order
is certain wind towers, whether or not
tapered, and sections thereof, from
Indonesia. Merchandise covered by
these orders is currently classified in the
Harmonized Tariff Schedule of the
1 See Utility Scale Wind Towers from Indonesia:
Preliminary Results of Antidumping Duty
Administrative Review; 2021–2022, 88 FR 61523
(September 7, 2022) (Preliminary Results), and
accompanying Preliminary Decision Memorandum.
2 See Utility Scale Wind Towers from Canada,
Indonesia, the Republic of Korea, and the Socialist
Republic of Vietnam: Antidumping Duty Orders, 85
FR 52546 (August 26, 2020), as corrected in Utility
Scale Wind Towers from Canada, Indonesia, the
Republic of Korea, and the Socialist Republic of
Vietnam: Notice of Correction to the Antidumping
Duty Orders, 85 FR 56213 (September 11, 2020)
(collectively, Order).
3 See Preliminary Results, 88 FR 61525.
4 See Kenertec’s Letter, ‘‘Kenertec’s Affirmative
Brief,’’ dated October 10, 2023; and Petitioner’s
Letter, ‘‘Case Brief,’’ dated October 10, 2023.
5 See Kenertec’s Letter, ‘‘Kenertec’s Rebuttal
Brief,’’ dated October 24, 2023; and Petitioner’s
Letter, ‘‘Rebuttal Brief,’’ dated October 24, 2023.
6 See Memorandum, ‘‘Utility Scale Wind Towers
from Indonesia: Extension of the Deadline for Final
Results of Antidumping Duty Administrative
Review,’’ dated December 26, 2023.
7 See Memorandum, ‘‘Issues and Decision
Memorandum for the Final Results of the 2021–
2022 Administrative Review of the Antidumping
Duty Order on Utility Scale Wind Towers from
Indonesia,’’ dated concurrently with, and hereby
adopted by, this notice (Issues and Decision
Memorandum).
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]]>Agencies
[Federal Register Volume 89, Number 48 (Monday, March 11, 2024)]
[Notices]
[Pages 17377-17379]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05042]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF COMMERCE
Census Bureau
Agency Information Collection Activities; Submission to the
Office of Management and Budget (OMB) for Review and Approval; Comment
Request; Quarterly Services Survey
The Department of Commerce will submit the following information
collection request to the Office of Management and Budget (OMB) for
review and clearance in accordance with the Paperwork Reduction Act of
1995, on or after the date of publication of this notice. We invite the
general public and other Federal agencies to comment on proposed, and
continuing information collections, which helps us assess the impact of
our information collection requirements and minimize the public's
reporting burden. Public comments were previously requested via the
Federal Register on December 8, 2023 during a 60-day comment period.
This notice allows for an additional 30 days for public comments.
Agency: U.S. Census Bureau, Department of Commerce.
Title: Quarterly Services Survey.
OMB Control Number: 0607-0907.
Form Number(s): QSS-1A, QSS-1E, QSS-1PA, QSS-1PE, QSS-2A, QSS-2E,
QSS-3A, QSS-3E, QSS-3SA, QSS-3SE, QSS-5A, QSS-5E, QSS-4A, QSS-4E, QSS-
4FA, QSS-4FE, QSS-4SA, QSS-4SE.
Type of Request: Regular submission, Request for an Extension,
without change, of a currently approved collection.
Number of Respondents: 24,200.
Average Hours per Response: 10 minutes: QSS-1A, QSS-1E, QSS-1PA,
QSS-1PE, QSS-2A, QSS-2E, QSS-3A, QSS-3E, QSS-3SA, QSS-3SE, QSS-5A, QSS-
5E. 15 minutes: QSS-4A, QSS-4E, QSS-4FA, QSS-4FE, QSS-4SA, QSS-4SE.
Burden Hours: 20,700.
Needs and Uses: The U.S. Census Bureau requests an extension,
without change, of the Quarterly Services Survey (QSS). In the 1980s,
it was determined that the service economy, despite its growing
importance and share of Gross Domestic Product (GDP), was not
adequately covered by the existing federal statistical programs. At the
time, the only services data available came from the Service Annual
Survey (SAS) and the quinquennial Economic Census, therefore the
decision was made to create a new principal economic indicator designed
to expand upon the Census Bureau's existing annual survey. The QSS was
first released in 2004, making it the first new U.S. federal government
economic indicator in 30 years. The QSS is now a major source for the
development of quarterly GDP and an indicator of short-term economic
change.
The initial scope of the QSS was driven primarily by Bureau of
Economic Analysis (BEA) priorities and what the budget initiative would
allow. The goal was to begin covering the most dynamic sectors of the
service economy for which BEA had little to no alternate source data.
In the wake of the dot-com bubble in the early 2000s, it was clear that
information services and high-tech industries needed to be a priority
as BEA experienced major revisions to their GDP estimates as annual
data came in later. At the time it was launched,
[[Page 17378]]
QSS produced estimates for just three North American Industry
Classification System (NAICS) sectors (51, 54, and 56).
Shortly after the Financial Crisis in 2007-2008, QSS received
approval to expand the scope of the survey to match that of the
Economic Census of Services. A major part of this expansion would
provide for tracking of the financial sector which, of course, was now
in the spotlight. Between 2009 and 2010, QSS underwent a multi-phased
expansion, increasing the total coverage from three to eleven NAICS
sectors.
QSS expanded yet again in 2012 to cover the Accommodation subsector
which was the only remaining service industry with no sub-annual
coverage.
We currently publish estimates based on the 2012 NAICS. The QSS
covers all or parts of the following NAICS sectors: Utilities
(excluding government owned); Transportation and warehousing (except
rail transportation and postal service); Information; Finance and
insurance (except funds, trusts, and other financial vehicles); Real
estate and rental and leasing; Professional, scientific, and technical
services; Administrative and support and waste management and
remediation services; Educational services (except elementary and
secondary schools, junior colleges, and colleges, universities, and
professional schools); Health care and social assistance; Arts,
entertainment, and recreation; Accommodation; and Other services
(except public administration). See Section 19 (NAICS Codes Affected)
for a list of all of the QSS sectors. The QSS provides the most current
official measures of total revenue and percentage of revenue by class
of customer (for selected industries) on a quarterly basis. In
addition, the QSS provides the most current official quarterly measure
of total expenses from tax-exempt firms in industries that have a large
not-for-profit component. All respondent data are received by mail,
telephone, or internet reporting.
The total revenue estimates produced from the QSS provide current
trends of economic activity in the service industry in the United
States from service providers with paid employees.
In addition to revenue, we also collect total expenses from tax-
exempt firms in industries that have a large not-for-profit component.
Expenses provide a better measure of the economic activity of these
firms. Expense estimates produced by the QSS, in addition to inpatient
days and discharges for the hospital industry, are used by the Centers
for Medicare and Medicaid Services (CMS) to project and study hospital
regulation, Medicare payment adequacy, and other related projects. For
select industries in the Arts, entertainment, and recreation sector,
the survey produces estimates of admissions revenue.
Beginning with the release of 2016 fourth quarter estimates on
February 17, 2017, the first Advance Quarterly Services Report was
released in an effort to meet data users' needs for more timely data.
Published approximately 50 days following the end of the quarter, the
Advance Quarterly Services Report contains a snapshot of quarterly
estimates of revenue for selected sectors, subsectors, and industries
on a not seasonally adjusted basis. Our research found that these
selected levels were good predictors of the estimates published in the
full quarterly services report.
Beginning with the release of the 2019 first quarter estimates,
originally published on May 17, 2019, the Advance Quarterly Services
Report includes a seasonally adjusted estimate for the Selected
Services Total. With the release of the 2021 fourth quarter estimates,
on March 11, 2022, the Quarterly Services Report now includes 135
seasonally adjusted revenue series. Additionally, with the release of
the 2022 fourth quarter estimates, on March 14, 2023, the Quarterly
Services Report includes seasonally adjusted expenses estimates for 40
selected industries. Seasonal adjustment is the process of estimating
and removing seasonal effects from a time series in order to better
reveal certain non-seasonal features. Many data users prefer seasonally
adjusted data because they want to see those characteristics that
seasonal movements tend to mask, especially changes in the direction of
the series.
Reliable measures of economic activity are essential to an
objective assessment of the need for, and impact of, a wide range of
public policy decisions. The QSS supports these measures by providing
the latest estimates of service industry output on a quarterly basis.
Currently, the U.S. Census Bureau collects, tabulates, and
publishes estimates to provide, with measurable reliability, statistics
on domestic service total revenue, total expenses, and percentage of
revenue by class of customer for select service providers. In addition,
the QSS produces estimates for inpatient days and discharges for
hospitals.
The BEA is the primary Federal user of QSS results. The BEA
utilizes the QSS estimates to make improvements to the national
accounts for service industries. In the National Income and Product
Accounts (NIPA), the QSS estimates allow more accurate estimates of
both Personal Consumption Expenditures (PCE) and private fixed
investment. For example, published revisions to the quarterly NIPA
estimates are often the result of incorporation of the latest source
data from the QSS. Revenue estimates from the QSS are also used to
produce estimates of gross output by industry that allow BEA to produce
a much earlier release of the gross domestic product by industry
estimates.
Estimates produced from the QSS are used by the BEA as a component
of quarterly GDP estimates. The estimates also provide the Federal
Reserve Board (FRB) and Council of Economic Advisors (CEA) with timely
information on current economic performance.
The CMS uses the QSS estimates to develop hospital spending
estimates in the National Health Expenditure Accounts. In addition, the
QSS estimates improve their ability to analyze changes in spending
trends for hospitals and other healthcare services. The CMS also uses
the estimates in its ten-year health spending forecast estimates and in
studies related to Medicare policy and trends.
Estimates collected from this survey are used for market research,
industry growth, business planning, economic policy decisions, and
forecasting by various government agencies and departments; private
businesses; investors; trade organizations; professional associations;
academia; and other various business research and analysis
organizations.
Private sector data users and other government agencies both
benefit from an earlier release of U.S. services data. The Advance
Quarterly Services Report allows policymakers and private data users to
make data-driven decisions sooner due to this high-level snapshot of
economic data. In addition, the release also allows the BEA to
incorporate services data into the second estimate of the GDP. Prior to
the implementation of the Advance Quarterly Services Report, Quarterly
Services Survey estimates were incorporated in the third estimate of
GDP.
Affected Public: Business or other for-profit organizations.
Frequency: Quarterly.
Respondent's Obligation: Voluntary.
Legal Authority: Title 13 U.S.C., Sections 131 and 182.
This information collection request may be viewed at
www.reginfo.gov. Follow the instructions to view the Department of
Commerce collections currently under review by OMB.
Written comments and recommendations for the proposed information
collection should be
[[Page 17379]]
submitted within 30 days of the publication of this notice on the
following website www.reginfo.gov/public/do/PRAMain. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function and
entering either the title of the collection or the OMB Control Number
0607-0907.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Under Secretary for
Economic Affairs, Commerce Department.
[FR Doc. 2024-05042 Filed 3-8-24; 8:45 am]
BILLING CODE 3510-07-P
