Daily Rules, Proposed Rules, and Notices of the Federal Government
The Department of Commerce will submit to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act (44 U.S.C. chapter 35).
This request is for a continuation of a currently approved collection and will cover the 2010 through 2012 ACES (conducted in fiscal years 2011 through 2013). Changes from the previous ACES authorization are the elimination of detailed capital expenditures by type of structure and type of equipment. These data, collected every five years, were collected in the 2008 ACES and will not be collected again until the 2013 ACES.
The ACES is an integral part of the Federal Government's effort to improve the quality and usefulness of National economic statistics. Federal agencies, including the Census Bureau, use these data to improve and supplement ongoing statistical programs:
The Census Bureau uses the data to improve the quality of monthly economic indicators of investment. The Bureau's Value of New Construction Put in Place survey currently uses the ACES data to benchmark its industrial buildings data. The Bureau of Economic Analysis (BEA) uses the data in refining and evaluating annual estimates of investment in structures and equipment
In addition, industry analysts use the data for market analysis, economic forecasting, product development, and business planning.