Measuring Business Trends and Outlook through a New Survey

AEA Papers and Proceedings(2023)

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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.
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Key words
business trends,new survey
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