Administration shuts down "best-of-web" economicindicators.gov

Forbes has awarded EconomicIndicators.gov one of its “Best of the Web” awards. As Forbes explains, the government site provides an invaluable service to the public for accessing U.S. economic data:

This site is maintained by the Economics and Statistics Administration and combines data collected by the Bureau of Economic Analysis, like GDP and net imports and exports, and the Census Bureau, like retail sales and durable goods shipments. The site simply links to the relevant department’s Web site. This might not seem like a big deal, but doing it yourself -- say, trying to find retail sales data on the Census Bureau’s site -- is such an exercise in futility that it will convince you why this portal is necessary.

Yet the Bush administration has decided to shut down this site because of “budgetary constraints,” effective March 1.

(From economicindicators.gov) Due to budgetary constraints, the Economic Indicators service will be discontinued effective March 1, 2008.

Economic Indicators.gov is brought to you by the Economics and Statistics Administration at the U.S. Department of Commerce. Our mission is to provide timely access to the daily releases of key economic indicators from the Bureau of Economic Analysis and the U.S. Census Bureau.

Here's a cross-section of the data available:

Advance Monthly Sales for Retail and Food Services | Advance Report on Durable Goods | Construction Put in Place | Corporate Profits | Current Account Balance (International Transactions) | Gross Domestic Product | Housing Vacancies and Homeownership | Manufacturer's Shipments, Inventories, and Orders | Manufacturing and Trade: Inventories and Orders | Manufacturing and Trade: Inventories and Sales | Monthly Wholesale Trade | New Residential Construction | New Residential Sales | Personal Income and Outlays | Quarterly Financial Report | Quarterly Services | Retail E-Commerce Sales | U.S. International Trade in Goods and Services | U.S. International Transactions |

*sigh*

[Thanks ThinkProgress.org]

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economic indicators and STAT-USA

What's also interesting is that there is a competing service run by the US Dept of Commerce called STAT-USA that explains "Unlike much of the government, we operate on a cost-recovery basis and do not receive any appropriated funds." http://www.stat-usa.gov/hometest.nsf/ref/About_Us

Stat-USA

ThinkProgress notes:

...In its e-mail announcement on the closing of Economic Indicators, the Department of Commerce acknowledged the “inconvenience” and offered “a free quarterly subscription to STAT-USA®/Internet™” instead. Once this temporary subscription runs out, however, the public will be forced to pay a fee. So not only will economic data be more hidden, it will also cost money.

TP has hit the nail on the head. That is, this is data that's already collected by our govt because of some legislative necessity. So why then is it sold back to citizens in the form on a cost-recovery basis?

hidden data

...and, i would assume that ThinkProgress is right: the data in Stat-USA is probably hidden from commercial indexers (e.g., Google) and therefore less findable as well as inaccessible without a fee.

 

Good example of fee vs. free

John,

I agree that this is interesting!  To me the lesson is that fee-based government information will win out over free government information -- unless citizens fight to preserve open, free, fully-functional government information.  One way to do that is to insist on deposit of open formatted government information in FDLP libraries.

OMBWatch rocks!

OMB Watch has already re-created an index of the data! Any data librarians out there want to recreate economicindicators.gov?

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