Expenses for Car Washes, Establishments Subject To Federal Income Tax, Employer Firms
CWEESTFITEF3811192 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,117.00
Year-over-Year Change
152.20%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the expenses for car wash establishments subject to federal income tax. It provides insights into the financial health and operations of this industry sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Expenses for Car Washes, Establishments Subject To Federal Income Tax, Employer Firms' trend tracks the operating costs incurred by car wash businesses that file federal income taxes. This data is used by economists and industry analysts to assess the economic conditions and performance of the car wash industry.
Methodology
The data is collected through surveys of car wash establishments by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the broader economic climate and consumer spending patterns in the automotive services sector.
Key Facts
- Car wash establishments are a subset of the larger automotive repair and maintenance industry.
- Expenses tracked include labor, materials, rent, utilities, and other operating costs.
- The data is reported annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the operating expenses incurred by car wash establishments that are subject to federal income tax and have paid employees.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial health and performance of the car wash industry, which is an important component of the broader automotive services sector.
Q: How is this data collected or calculated?
A: The data is collected through annual surveys of car wash establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this data to understand consumer spending patterns and the overall condition of the automotive services industry, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Expenses for Car Washes, Establishments Subject To Federal Income Tax, Employer Firms (CWEESTFITEF3811192), retrieved from FRED.