BEA

1
BEAs KLEMS Statistics Measuring Outputs and
Intermediate Inputs
Brian C. Moyer
World KLEMS Conference Harvard University August
19-20th, 2010
2
BEAs Industry Accounts

• Input-Output Accounts
• Benchmark Accounts
• Annual Accounts
• KLEMS Statistics
• GDP by Industry Statistics
• Travel and Tourism Satellite Account
• RD Satellite Account

3
2010 Comprehensive Revision

• Time-series annual I-O accounts, 1998-2008
• Incorporated 1997/2002 benchmark I-O accounts and
  2009 NIPA revision
• Expanded annual data on business expenses by
  industry
• Improved measures of price change for the
  services sector

4
Measuring Output

• Industry and commodity output based on a variety
  of sources
• Economic Census data
• Census annual surveys (ASM, SAS, etc.)
• Trade association data
• Data from other government agencies
• Detailed commodity distributions retained from
  benchmark estimates manufacturing detail updated
  annually
• Expanded Census data for the services sector

5
Measuring Intermediate Inputs

• Benchmark estimates based on Census data (70)
  and other data sources
• Annual estimates based on input category controls
• Benchmark-year inputs extrapolated with output
  quantity change
• Detailed inputs reflated with appropriate input
  prices
• Annual controls applied to groups of inputs

6
Measuring Value Added

• Direct and indirect measures of value added by
  industry VA GO - II
• Direct measures based on compensation, taxes on
  production, and gross operating surplus from NIPA
  gross domestic income measures
• Gross operating surplus based on
  quality-weighted benchmark-year values
  company-to-establishment adjustments applied

7
Balanced I-O Framework
8
BEAs KLEMS Statistics

• Consistent with BEAs Annual I-O Accountsuse
  table decomposition of E, M, S categories by
  4-digit NAICS commodities
• Statistics available for 1998-2008
• Chained-type price and quantity indexes and
  contributions by industry

9
BEAs KLEMS Statistics
Data for 2008
10
Purchased Services Disaggregation
S
Aggregation of 30 4-digit commodities
Utilities Telecomm Financial Rental Leasing
Outsourcing
Other Services
Domestic
Imports
11
Purchased Services Shares
12
Industry production account

• BEA/BLS work on aggregate production account
• Ongoing work to develop prototype industry-level
  production account K L services from BLS E,
  M, S from BEA
• Continued work to reconcile BEA/BLS industry
  output measures
• Longer term KLEMS statistics available prior to
  1998 industry production account available for
  earlier years

13
KLEMS Prices
14
Expanded Detail on Energy
15
Quarterly GDP by Industry
Transportation and Warehousing Industry