Quarterly Services Report (Advance)

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Definition of 'Quarterly Services Report (Advance)'

The Quarterly Services Report (QSR) (Advance) is a U.S. government report that provides a preliminary estimate of revenue and other measures for selected service industries, based on a survey of businesses. The QSR is produced by the U.S. Census Bureau's Service Sector Statistics Division and is released quarterly, about six weeks after the end of the reference quarter.

The QSR (Advance) covers a range of service industries, including healthcare, financial services, professional and technical services, information services, and transportation and warehousing. The report provides data on revenue, expenses, operating profit, employment, and payroll for each industry.

The QSR (Advance) is a closely watched economic indicator, as it provides insight into the performance of the service sector, which is a major contributor to the U.S. economy. The report can be used by businesses, policymakers, and investors to make informed decisions about investment, employment, and other economic activities.

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