July 28, 2022

Census Bureau: New COVID-19 Economic Brief Released

Data Show Impact of Pandemic on Select Economic Sectors and State and Local Government Tax Revenue

The U.S. Census Bureau today released a report on how economic surveys captured the initial shock and resulting impact of the coronavirus pandemic, as well as economic trends since the national emergency was declared. 

The The Coronavirus Pandemic’s Economic Impact brief uses data from the Quarterly Services Survey, Advance Monthly Retail Trade Survey, Monthly Wholesale Trade Survey, and Manufacturers’ Shipments, Inventories, and Orders Survey to gauge the pandemic’s impact on key economic sectors.

Surveys such as the Annual Survey of Manufactures, Service Annual Survey and Annual Capital Expenditures Survey collected new data to capture the economic impact of the pandemic. In addition, e-commerce sales in the Annual Retail Trade Survey and the Annual Wholesale Trade Survey highlight how shopping trends changed during stay-at-home orders.

The report also looks at how the pandemic impacted tax revenue, state expenditures on hospital and health services, intergovernmental revenue, and state and local government pensions through additional surveys — the Quarterly Summary of State and Local Tax Revenues, the 2020 Annual Survey of State Government Finances and the Quarterly Survey of Public Pensions.

Highlights include:

Economic Indicators





Annual Capital Expenditures

Public Sector

This post was originally published here.