BEA Information on the Transfer of the
BCI project to The Conference Board
In late-1995, The Conference Board became the official source for both
leading, lagging, and coincident indexes and a larger set of economic data
known as Business Cycle Indicators. The following announcement was
posted on October 31, 1995 by the Bureau of Economic Analysis (BEA) at
the Department of Commerce. [BEA Home
BUSINESS CYCLE INDICATORS
After evaluating proposals received from several private organizations,
the Department of Commerce has selected The Conference Board to take over
the preparation and dissemination of the composite indexes of leading,
coincident, and lagging indicators. Details of the transition have not
been finalized, but the indexes will continue to be produced with no immediate
changes in composition, methodology, or schedule.
As part of a reprogramming of selected resources into areas that are
vital to its mission of preparing economic accounts, BEA will soon discontinue
the "Business Cycle Indicators" (BCI) section of the SURVEY OF
CURRENT BUSINESS, probably by the end of 1995. However, The Conference
Board has indicated that it intends to begin maintaining and publishing
a set of data similar to the BCI section. In addition, data for many BCI
series will continue to be available from their government or private sources;
a listing of these sources will be published in an upcoming SURVEY.
RELEASE (Original document): http://www.bea.doc.gov:80/bea/newsrel/announce.txt
Also, the STAT-USA Newsletter ( Summer 1996) carried an interview with
Michael Boldin of The Conference Board titled "Going
behind the Scenes at The Conference Board" that includes some
follow up information on the transfer.
Related BEA announcements
BEA ANNOUNCES FIRST STEPS FOR IMPLEMENTING LONG-TERM PLAN FOR THE ECONOMIC
ACCOUNTS: "LEADING INDICATORS" TO BE PHASED OUT TO HELP FUND
NEEDED IMPROVEMENTS [Text
version (mdrunews.txt) ] May 4, 1995
MID-DECADE STRATEGIC REVIEW BACKGROUND PAPERS RELEASED
version (middecad.txt) January 11, 1994
MID-DECADE STRATEGIC REVIEW OF BEA'S ECONOMIC ACCOUNTS: AN UPDATE
version (mdr-upd.txt) ] [ PDF
version (mdr-upd.pdf) ] May 1995.
Survey of Current Business articles that explain the BEA's new
Note: These articles are on the BEA's website, and the links were
last checked on November 11, 1998.
Those in PDF format require free
software from Adobe Systems for viewing.