Data collection for the second year of the Annual Integrated Economic Survey (AIES) is underway and with it comes updates to survey design and content that will enhance the survey experience and improve data quality.
These changes are aimed at reducing redundancy; improving data accuracy and reliability; and making reporting less burdensome.
The U.S. Census Bureau launched the AIES last year as a comprehensive survey, covering nearly the entire U.S. economy and capturing detailed data at national, regional, divisional and state levels.
The AIES consolidated seven annual Census Bureau economic programs into one, that this year will collect 2024 economic data from about 298,000 U.S. businesses electronically through a secure platform. The survey will be sent to a new sample of businesses next year, with subsequent resampling every three years.
The first year provided valuable insights, paving the way for key improvements and refinements in survey design and content.
Among the improved ways to collect survey responses:
These changes are aimed at reducing redundancy; improving data accuracy and reliability; and making reporting less burdensome.
To make it easier for respondents to report data, the AIES will collect fewer revenue and expense details from some industries.
Additionally, the Census Bureau consolidated some items to eliminate redundancy. For example, it combined questions related to capital expenditures to reduce the amount of content requested.
Simplifying survey content helps to improve a data user’s ability to access information previously unpublished due to confidentiality protections.
National, regional, divisional and state statistics for the 2023 survey year (collected in 2024) will be released beginning this summer.
The first wave in this data release will include summary statistics on revenue, payroll and employment at the North American Industry Classification System sector and subsector levels, providing valuable insights into economic trends.
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