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Economic Indicator Calendar

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December 2012

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December 06, 2012
US - Quarterly Services Survey (Q3:12)
Announcement Date/Time: Thursday, December 06, 2012 10:00 AM
Reporting Period: Q3:12
Associated Indicators
Event(Indicator)ConsensusActual+/-
Information Revenue - Q/Q change0.30%
Information Revenue - Y/Y change2.10%
How does this affect the market?

The Census Bureau quarterly services survey focuses on information and technology-related service industries. These include information; professional, scientific and technical services; administrative & support services; and waste management and remediation services. These sectors correspond to three NAICS sectors (51, 54, and 56). The Quarterly Services Survey produces estimates of total operating revenue and the percentage of revenue by class of customer.


These sectors fuel productivity gains and they include growth areas as well as industries sensitive to changes in the business cycle. These include four broad categories: (1) information industries; (2) professional, scientific, and technical services, (3) administrative and support and waste management and remediation services, (4) hospitals and nursing and residential care facilities. The service sector is an important part of the economy but until the publication of the Quarterly Services Survey, timely information regarding the service sector had been scarce. The Commerce Department began publishing this report in September 2004. According to the Census Bureau, service industries account for nearly 55 percent of the nation's economic activity. Frequency Quarterly. Source Bureau of the Census, U.S. Department of Commerce. Availability Second week of release months. Estimates are released in March, June, September, and December. Coverage Data are for quarter prior to quarter of the release. Data for first quarter are released in June. Revisions Yes.