The Commerce Department continues to improve the indicators it uses to monitor the digital economy. Four years ago, it changed gross domestic product accounting methods to better reflect IT industry price drops. Economists continue to be vexed by how to best measure productivity for service industries likes banks and consultants, which are heavy users of technology. Although the Census Bureau plans to begin tracking online sales, the first data won't arrive until spring 2001, which leaves the current report relying on estimates from e-commerce analysts.
Analysts can do it quicker, which is particularly important with something that is changing so fast.
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