📊Business Trends and Outlook Survey
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Business Trends and Outlook Survey
Summary
The Department of Commerce requests OMB approval for the Business Trends and Outlook Survey (BTOS), designed to provide timely economic data related to current conditions and trends. This survey will collect information bi-weekly from a wide range of businesses, helping policymakers and business leaders understand the economic landscape, particularly post-COVID-19. The BTOS aims to innovate data collection and improve support for businesses facing economic challenges.
Agencies
- Commerce Department
- Census Bureau
Business Impact
$$$ - High
The text discusses the Business Trends and Outlook Survey (BTOS) and its relevance for economic data collection. This survey provides critical insights into economic conditions affecting businesses, which can guide strategic decisions for executives and business owners. It highlights regulatory impacts on businesses and the role of data in assessing economic challenges, making it pertinent for compliance and strategic planning.