The U.S. Census Bureau has released preliminary data from the Annual Integrated Economic Survey (AIES), offering a detailed look at business activity across the country for 2023. The AIES is a new survey that combines seven previous annual business surveys into one, providing national and subnational statistics on business revenues, expenses, and assets.
According to the Census Bureau, “The AIES is one of the Census Bureau’s newest surveys, designed to replace and integrate seven different annual business surveys into a single survey. AIES data can be used to track economic trends, assess industry performance, support policy development, and inform economic planning, resource allocation, and market research.”
The initial estimates are available for select industries classified under the North American Industry Classification System (NAICS) at both two- and three-digit levels. These figures will be updated in the fall with final estimates that will include more detailed industry breakdowns and expanded geographic information.
In regional highlights from 2023:
– The Northeast’s Health Care and Social Assistance sector employed 5 million workers with an annual payroll of $302.4 billion. Its Finance and Insurance sector reported $1.8 trillion in revenue.
– In the Midwest, manufacturing jobs numbered 4 million. Retail trade brought in $1.4 trillion in revenue while education services had a total payroll of $4.9 billion.
– The South saw its Professional, Scientific, and Technical Services sector generate $998.4 billion in revenue; retail trade employed 6.8 million people with an annual payroll of $235.8 billion.
– In the West, there were 1.4 million employees in the Information sector; accommodation and food services generated $367.1 billion in revenue with a payroll of $110.7 billion.
Further details about sampling variability are available through the AIES First Look table on the Census Bureau’s website, along with information about disclosure avoidance procedures.
“Today’s estimates, based on 2023 data, are available at the national, regional and divisional levels for select two- and three-digit North American Industry Classification System (NAICS) industries. The preliminary estimates included in today’s release are scheduled to be replaced in the fall with final estimates that include expanded industry detail, additional statistics, and more detailed geographic data for select sectors,” according to a statement from the Census Bureau.
###
