Summary

Description

The Quarterly Services Survey (QSS) is the only source of service industry indicator performance providing timely estimates of revenue and expenses for selected service industries. The Bureau of Economic Analysis (BEA) is the primary Federal user of data collected in the QSS. The BEA utilizes this timely data to factor into the Gross Domestic Product (GDP) to make improvements to the national accounts for service industries. QSS estimates also provide the Federal Reserve Board (FRB) and Council of Economic Advisors (CEA) with timely information on current economic performance. The Centers for Medicare and Medicaid Services (CMS) use the QSS data to develop hospital-spending estimates in the National Accounts. In addition, the QSS data improves their ability to analyze hospital-spending trends.