The U.S. Bureau of Economic Analysis (BEA) has relied mainly on the U.S. Census Bureau’s monthly Value of Construction Put in Place Survey (VIP) to measure levels of fixed investment in structures; the Annual Survey of Manufactures (ASM, with the commodity-flow method) to measure levels of fixed investment in equipment; and the Annual Capital Expenditures Survey (ACES) to estimate shares of fixed investment by industry. The estimated levels of fixed investment in nonresidential structures and equipment from these different surveys—with adjustments for known issues—should be similar.
The Verdict
ClassificationLikely AI
ConfidenceMedium confidence
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