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Timelier, more accurate data: the Commerce Department’s statistical agencies deliver on promise of better data for better decision-making

The Economics and Statistics Administration’s family of statistical agencies – the Bureau of Economic Analysis (BEA) and U.S. Census Bureau – are announcing an important new initiative that will lead to an acceleration of key trade data as well as improved accuracy of the advance estimate of Gross Domestic Product (GDP). GDP is widely considered the most important measure of the U.S. economy.

2015 Census Test Starts Today in the Savannah, Ga. Area

Reinvesting in America’s Supply Chain Innovation

Photo taken during a field trip to Itron, one of several companies we visited.It's springtime, and during this season of growth and renewal another important renaissance is underway: a remarkable resurgence in American manufacturing.  Powering this growth are the small- and medium-sized businesses that comprise the U.S. manufacturing supply chain. 

Bridging the Federal & State Data Divide: At SXSW

Under Secretary Mark Doms at SXSW 2015Yesterday at the South by Southwest Conference in Austin, Texas, I served on a panel with Texas Comptroller for Public Accounts Susan Combs, and Census Presidential Innovation Fellow Jeff Meisel, to discuss how government is working to make it easier to for businesses, governments and the public to use our data to make better decisions.

An Important New Tool in our Data Revolution

Logo for the Commerce Data Advisory CommitteeToday we have reached an important milestone in the data transformation movement with the naming of members to Commerce Department's new Data Advisory Council (CDAC).  The 19 leaders we have selected will help guide the Department in revolutionizing our approach toward data optimization and usability.

Data Snapshot: Which states are leading the way in manufacturing and which pay the most?

Just over one week ago, the U.S. Census Bureau's Economic Census staff released new manufacturing statistics for more than 350 manufacturing industries at the state and local level. California led the way with number of establishments (38,741) and employees (1.2 million) -- and was second only to Texas in the value of shipments from manufacturing establishments ($512.3 billion). 

Highlights of U.S. Economic Growth in 2014

Photo of Under Secretary Mark Doms on a conference call.Today, I joined Standard and Poor's Chief Economist Beth Ann Bovino to discuss this morning's 2014 Q4 GDP Advance Estimate, which came in at 2.6%. Business Forward hosted the call with a live national audience of more than 150 business leaders and leading economic reporters from across the country.

Data Snapshot of the Week: Baby, It's Cold Outside

Figure 1. House Heating ChartWhat are the coldest locations in the United States, and what heating sources do residents in those chilly climes rely upon to warm up their homes?

Data Snapshot: How Much Do Small- and Medium-sized Businesses Contribute to U.S. Exports?

In his State of the Union address, President Obama said that “21st century businesses, including small businesses, need to sell more American products overseas. Today, our businesses export more than ever, and exporters tend to pay their workers higher wages…”

2015 Promises More Data from BEA on Foreign Investment in the United States

Are you looking for statistics on new investment by foreign companies in the United States? The Bureau of Economic Analysis (BEA) has you covered. New statistics slated to be unveiled later this year will provide information on things like when a foreign company launches a new business in this country or expands an existing one by building a new plant.

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