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Federal Register / Vol. 86, No. 18 / Friday, January 29, 2021 / Notices
respondent data are received by mail, telephone, or internet reporting.
The total revenue estimates produced from the QSS provide current trends of economic activity in the service industry in the United States from service providers with paid employees.
In addition to revenue, we also collect total expenses from tax-exempt firms in industries that have a large not-for-profit component. Expenses provide a better measure of the economic activity of these firms. Expense estimates produced by the QSS, in addition to inpatient days and discharges for the hospital industry, are used by the Centers for Medicare and Medicaid Services CMS
to project and study hospital regulation, Medicare payment adequacy, and other related projects. For select industries in the Arts, entertainment, and recreation sector, the survey produces estimates of admissions revenue.
Beginning with the release of 2016
fourth quarter estimates on February 17, 2017, the first Advance Quarterly Services Report was released in an effort to meet data users needs for more timely data. Published approximately 50
days following the end of the quarter, the Advance Quarterly Services Report contains a snapshot of quarterly estimates of revenue for selected sectors, subsectors, and industries on a not seasonally adjusted basis. Our research found that these selected levels were good predictors of the estimates published in the full quarterly services report.
Beginning with the release of 2019
first quarter estimates on May 17, 2019, the Advance Quarterly Services Report includes a seasonally adjusted estimate for the Selected Services Total.
Additionally, with the release of 2019
fourth quarter estimates on March 12, 2020, the Quarterly Services Report now includes 100 seasonally adjusted series.
Seasonal adjustment is the process of estimating and removing seasonal effects from a time series in order to better reveal certain non-seasonal features. Many data users prefer seasonally adjusted data because they want to see those characteristics that seasonal movements tend to mask, especially changes in the direction of the series.
The notice in Federal Register on August 20, 2020, Vol. 85, No. 162, pages 5140651408 announcing our plans to submit this request included information on the possible upcoming collection of a new module of business expectation. At this time, research and testing for an uncertainty pilot collection is still underway; once any concrete timeline is determined, a
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request for this additional module will be submitted.
Reliable measures of economic activity are essential to an objective assessment of the need for, and impact of, a wide range of public policy decisions. The QSS supports these measures by providing the latest estimates of service industry output on a quarterly basis.
Currently, the U.S. Census Bureau collects, tabulates, and publishes estimates to provide, with measurable reliability, statistics on domestic service total revenue, total expenses, and percentage of revenue by class of customer for select service providers. In addition, the QSS produces estimates for inpatient days and discharges for hospitals.
The BEA is the primary Federal user of QSS results. The BEA utilizes the QSS estimates to make improvements to the national accounts for service industries. In the National Income and Product Accounts NIPA, the QSS
estimates allow more accurate estimates of both Personal Consumption Expenditures PCE and private fixed investment. For example, published revisions to the quarterly NIPA
estimates are often the result of incorporation of the latest source data from the QSS. Revenue estimates from the QSS are also used to produce estimates of gross output by industry that allow BEA to produce a much earlier release of the gross domestic product by industry estimates.
Estimates produced from the QSS are used by the BEA as a component of quarterly GDP estimates. The estimates also provide the Federal Reserve Board FRB and Council of Economic Advisors CEA with timely information on current economic performance. All estimates collected from this survey are used extensively by various government agencies and departments on economic policy decisions; private businesses;
trade organizations; professional associations; academia; and other various business research and analysis organizations.
The CMS uses the QSS estimates to develop hospital spending estimates in the National Health Expenditure Accounts. In addition, the QSS
estimates improve their ability to analyze changes in spending trends for hospitals and other healthcare services.
The CMS also uses the estimates in its ten-year health spending forecast estimates and in studies related to Medicare policy and trends.
The Medicare Payment Advisory Commission MedPac utilizes the QSS
estimates to assess payment adequacy in the current Medicare program.

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The FRB and the CEA use the QSS
information to better assess current economic performance. In addition, other government agencies, businesses, and investors use the QSS estimates for market research, industry growth, business planning and forecasting.
Private sector data users and other government agencies both benefit from an earlier release of U.S. services data.
The Advance Quarterly Services Report allows policymakers and private data users to make data-driven decisions sooner due to this high-level snapshot of economic data. In addition, the release also allows the BEA to incorporate services data into the second estimate of the GDP. Prior to the implementation of the Advance Quarterly Services Report, Quarterly Services Survey estimates were incorporated in the third estimate of GDP.
Affected Public: Business or other forprofit organizations.
Frequency: Quarterly.
Respondents Obligation: Voluntary.
Legal Authority: Title 13 U.S.C., Sections 131 and 182.
This information collection request may be viewed at www.reginfo.gov.
Follow the instructions to view the Department of Commerce collections currently under review by OMB.
Written comments and recommendations for the proposed information collection should be submitted within 30 days of the publication of this notice on the following website www.reginfo.gov/
public/do/PRAMain. Find this particular information collection by selecting Currently under 30-day ReviewOpen for Public Comments or by using the search function and entering either the title of the collection or the OMB Control Number 06070907.
Sheleen Dumas, Department PRA Clearance Officer, Office of the Chief Information Officer, Commerce Department.
FR Doc. 202101936 Filed 12821; 8:45 am BILLING CODE 351007P

DEPARTMENT OF COMMERCE
International Trade Administration A428847, A475840

Forged Steel Fluid End Blocks From the Federal Republic of Germany and Italy: Amended Final Antidumping Duty Determination for the Federal Republic of Germany and Antidumping Duty Orders Enforcement and Compliance, International Trade Administration, Department of Commerce.

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