The U.S. Census Bureau has released preliminary data from the Annual Integrated Economic Survey (AIES), offering a broad look at business activity across the United States for 2023. The AIES consolidates seven previous annual business surveys into one, providing national and subnational figures on 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.”
This initial release includes estimates at national, regional, and divisional levels for select industries classified under the North American Industry Classification System (NAICS). More detailed statistics are expected in the fall when final estimates will be published.
In regional highlights from 2023:
– In the Northeast region, the Health Care and Social Assistance sector employed 5 million workers with an annual payroll of $302.4 billion. The Finance and Insurance sector generated $1.8 trillion in revenue.
– The Midwest saw 4 million employees in Manufacturing; Retail Trade generated $1.4 trillion in revenue; Education Services reported a total payroll of $4.9 billion.
– In the South region, Professional, Scientific, and Technical Services produced $998.4 billion in revenue while Retail Trade employed 6.8 million people with an annual payroll of $235.8 billion.
– The West had 1.4 million employees working in Information sectors; Accommodation and Food Services generated $367.1 billion in revenue with an annual payroll of $110.7 billion.
For additional information about sampling variability or disclosure avoidance procedures related to this survey release or methodology details for 2023 results, readers are directed to consult resources provided by the U.S. Census Bureau.
