Economics for Managers Appendix 11A Data Sources for Measuring Aggregate Economic Activity La Loria Konata Policy Studies Liaison Librarian Georgia State University Library Atlanta, GA Gardner Neely Information Center Andrew Young School of Policy Studies Georgia State University Atlanta, GA Output, Income, Price, and Employment Data Bureau of Economic Analysis (BEA) www.bea.doc.gov Provides economic statistics of the U.S. economy. Survey of Current Business http://www.bea.doc.gov/bea/pubs.htm Consumer Price Index (CPI) (U.S. Department of Labor, Bureau of Labor Statistics) http://www.bls.gov/cpi/ Includes monthly and quarterly cyclical indicator statistics. Produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services. Measures the average change over time in the selling prices received by domestic producers for their output. Producer Price Index (PPI) (U.S. Department of Labor, Bureau of Labor Statistics) http://www.bls.gov/ppi/ Bureau of Labor Statistics (BLS) www.bls.gov The Monthly Labor Review http://stats.bls.gov/opub/mlr/mlrhome.htm The BLS is a gateway to statistical information including the Consumer Price Index, the Producer Price Index, and employment statistics. Contains articles as well as a monthly statistics section on employment and earnings, unemployment, and the size of the labor force. See also http://stats.bls.gov/. Federal Reserve Data The Federal Reserve http://www.federalreserve.gov Publishes data on the economic and financial conditions of the United States. One such publication is The Beige Book. The Beige Book: Summary of Commentary on Current Economic Conditions http://www.federalreserve.gov/FOMC/BeigeBook/2004/ Summarizes current economic conditions in each Federal Reserve district through reports from bank and branch directors and interviews with key business contacts, economists, market experts, and other sources. Online coverage dates from 1996 to the present. Federal Reserve Economic Data (FRED) II: Economic Data http://research.stlouisfed.org/fred2/ Deals mainly with national data relating to the financial sector and the economy in general, such as interest rates, monetary aggregates, consumer and producer price indexes, gross domestic product, exchange rates, and trade data. Data From Other Government Agencies Economic Report of the President www.gpoaccess.gov/eop/ This report outlines the President’s economic and budgetary agenda. U.S. Congressional Budget Office (CBO) www.cbo.gov This agency provides historical budget information, current monthly statistics, and current budget and economic projections. U.S. Office of Management and Budget http://www.whitehouse.gov/omb/ This agency assists the President in preparing the U.S. budget. It provides the current budget with related documents. Economic Statistics Briefing Room (The White House) Provides easy access to current federal http://www.whitehouse.gov/fsbr/production.html economic indicators. It provides links to information produced by a number of federal agencies Categories covered are employment, income, international, money, output, prices, production, and transportation. Treasury Bulletin http://www.fms.treas.gov/bulletin/index.html (Department of the Treasury: http://www.ustreas.gov/ Financial Management Service: http://www.fms.treas.gov/index.html) Issued quarterly, this report of federal fiscal operations includes details of federal debt, bonds, notes, market yield, and other federal financial obligations. Federal Deposit Insurance Corporation's (FDIC) Regional Outlook http://www.fdic.gov/bank/analytical/regional/index.html A quarterly publication from the FDIC provides analysis of national and regional trends affecting the risk exposure of insured depository institutions. 1997 Economic Census http://www.census.gov/epcd/www/econ97.html Profiles the U.S. economy every five years, from the national to the local level. The first reports for 2002 are available at: http://www.census.gov/econ/census02/ Available in both print and online formats. Each format includes basic statistics for a wide range of economic indicators presented in tables. Each table lists the source of the statistics for further reference. Statistical Abstract of the United States (U.S. Census Bureau) http://www.census.gov/prod/www/statisticalabstract-02.html Books Strawser, Cornelia J., ed. Business Statistics of the United States. 9th ed. Lanham, MD: Bernan Press, 2004 Gives an overview of the economy, including Gross Domestic Product and Consumer Price Index dating back to 1970 with quarterly statistics. Darney, Arsen J., ed. Economic Indicators Handbook: Gives the Gross National Product Time Series, Conversions, Documentation. 5th ed. Detroit: Gale Research, 2002 from 1869 to within a year of publication, the Gross Domestic Product (GDP) from 1929 to within a year of publication, the Consumer Price Index (CPI) covering 26 metro cities; and the Producer Price Index (PPI) to measure the economy of the United States. State Profiles: The Population and Economy of Each U.S. State. 2nd ed. Lanham, MD: Bernan Press, 2003 Contains rankings of states on key economic and demographic indicators. Other Organizations/Web Sites Economist.com http://www.economist.com/countries/USA/ In partnership with the Economist Intelligence Unit, this website provides ten economic indicators for the United States. Leading Economic Indicators (LEI) and Related Composites (The Conference Board) http://www.tcbindicators.org The latest release updates the leading economic indicators and includes the lagging index and coincident business cycle indicators. The latest release is provided free of charge, but charts and other data are available by subscription only. National Bureau of Economic Research (NBER) www.nber.org NBER is a private, nonprofit, nonpartisan research organization with more than 600 university professors conducting research. One of their main publications is the working paper series with such topic programs as Corporate Finance, Development of the American Economy, and Economic Fluctuations and Growth. Organization for Economic Cooperation and Development (OECD), www.oecd.org OECD is an international organization with 30 member countries that focuses on the global economy. International Monetary Fund (IMF) www.imf.org The IMF is an international organization of 184 member countries. It works to meet the needs of the member countries in an unstable world economy. Its publication series include “Economic Issues,” “IMF Country Reports,” and “World Economic and Financial Surveys.”