Glossary

Certain major federal statistical series that are so designated by the U.S. Office of Management and Budget (OMB) and that are subject to the procedures established in OMB Statistical Policy Directive No. 3,which establishes rules governing the release of data, pre-release access to the data, public announcement of changes in methodology, and periodic evaluation of data accuracy. BEA’s estimates of GDP, personal income and outlays, corporate profits, international transactions, and international trade in goods and services (jointly with the Census Bureau) are among the principal economic indicators.