Director’s Message

In this issue of the Survey of Current Business, we discuss the recently updated Integrated Industry-Level Production Account, an ongoing collaboration between the Bureau of Economic Analysis and the Bureau of Labor Statistics. New statistics for 2020 and updated statistics for 1987–2019 are presented, along with a retrospective analysis of the sources of economic growth and the COVID–19 recession.

Our “GDP and the Economy” article this month discusses the second estimate of gross domestic product for the first quarter of 2022, and a separate article details government receipts and expenditures, also for the first quarter.

As is usual in June, we provide a subject guide to articles that have appeared in the Survey in the first half of this year.