Total Revenue for Management, Scientific, and Technical Consulting Services, Establishments Subject to Federal Income Tax
REV5416TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109,200.00
Year-over-Year Change
16.05%
Date Range
10/1/2003 - 4/1/2025
Summary
This economic trend measures the total revenue generated by establishments in the management, scientific, and technical consulting services industry that are subject to federal income tax. It provides insight into the performance and economic health of this professional services 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 total revenue for management, scientific, and technical consulting services is a key indicator of economic activity and demand for these types of business services in the United States. This metric is closely watched by economists, policymakers, and industry analysts to assess broader economic trends and the state of the professional services market.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau through surveys of businesses in this industry.
Historical Context
Trends in this metric are used to inform economic policy decisions and provide context for analyzing the overall services sector of the U.S. economy.
Key Facts
- This metric excludes revenue from non-taxable organizations.
- The consulting services industry accounts for over $300 billion in annual revenue.
- Revenue growth in this sector is often a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by establishments in the management, scientific, and technical consulting services industry that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and economic health of the professional services sector, which is a key driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau through surveys of businesses in this industry.
Q: How is this trend used in economic policy?
A: Trends in this metric are used to inform economic policy decisions and provide context for analyzing the overall services sector of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a short lag, providing timely information on this industry's performance.
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Citation
U.S. Federal Reserve, Total Revenue for Management, Scientific, and Technical Consulting Services, Establishments Subject to Federal Income Tax (REV5416TAXABL144QNSA), retrieved from FRED.