Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,100.35
Year-over-Year Change
183.05%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic indicator measures the sectoral output for travel agencies (NAICS 561510) in the United States. It provides insights into the performance and productivity of this key service industry.
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 Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) measures the real output of the travel agency industry. It is a valuable metric for analyzing the health and competitiveness of this sector within the broader services economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to gauge the strength of the travel and tourism industry.
Key Facts
- Travel agencies are a key component of the broader administrative and support services industry.
- This indicator tracks real output, not just revenue or sales.
- Fluctuations in travel agency output can signal broader trends in consumer spending and business investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production of the travel agency industry (NAICS 561510) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and productivity of the travel agency sector, which is a key component of the broader services economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and investors to gauge the strength of the travel and tourism industry and its impact on the broader economy.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates, and the metric only captures the travel agency industry specifically, not the broader travel and tourism sector.
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Citation
U.S. Federal Reserve, Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States (IPUPN561510T300000000), retrieved from FRED.