QSS

Astronomy.

1. quasi-stellar radio source.

Example Sentences

“We think these components will be revised up slightly in the BEA’s upcoming GDP release as a result of the QSS data,” said Daniel Silver, an economist at JPMorgan in New York.

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Following the QSS data, upward revisions to June core retail sales and steady inventory accumulation, economists expect second-quarter GDP growth could be revised to as high as a 7.3% pace, when the BEA to be publishes its second estimate next Thursday.

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The Commerce Department’s quarterly services survey, or QSS report, on Thursday added to a flow of data such as retail sales and inventories in suggesting that gross domestic product grew much faster than the 6.5% annualized rate reported by the government in its advance estimate last month.

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The QSS provided data on services spending and intellectual property products investment, which will be incorporated by the Commerce Department’s statistics agency, the Bureau of Economic Analysis, into its second estimate of GDP growth.

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The QSS report showed services industry revenue increased 4.0% in the second quarter, and was 5.7% above its pandemic level.

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