A new data update from EMSI has instantly enabled our Economic Impact (EI) input-output model to use more detailed industry information. The change has disaggregated the Construction sector into 31 specific types of construction industries, and it applies only to the Economic Impact component of EMSI’s Strategic Advantage suite of tools. Detailed Construction sector data was already available in the Economic Forecaster component.
The update will allow users to run detailed economic impact (input-output) simulations, with inputs and outputs split out among specific construction industries, such as “New single-family general contractors” or “Oil and gas pipeline construction.” Before the update, only the broad “Construction” sector was available in the model. The change brings the total number of industries available in the model to 1,100.
The detailed industries have also increased the usefulness of the Industry Gap Analysis and Economic Base reports within the Economic Impact module.