Sources of Revenue: Information Technology (IT) Technical Design, Consulting, and Development Services for Management Consulting Services, All Establishments, Employer Firms
REVTDSEF54161ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,937.00
Year-over-Year Change
86.10%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the revenue sources for U.S. establishments providing IT technical design, consulting, and development services as part of management consulting services across all employer firms.
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 Sources of Revenue: Information Technology (IT) Technical Design, Consulting, and Development Services for Management Consulting Services, All Establishments, Employer Firms metric provides insights into the revenue breakdown for this specialized service industry, which is important for understanding technology consulting and professional services trends.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is useful for economic analysts and policymakers to assess the health and competitiveness of the IT services consulting industry.
Key Facts
- IT technical design, consulting, and development services are a major revenue source for U.S. management consulting firms.
- This industry has seen steady growth in recent years driven by digital transformation and technology adoption.
- The revenue breakdown provides insights into the competitiveness and business mix of the IT services consulting sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue sources for U.S. establishments providing IT technical design, consulting, and development services as part of management consulting services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and competitiveness of the IT services consulting industry, which is a critical part of the professional services sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is useful for economic analysts and policymakers to assess the performance and dynamics of the IT services consulting industry, which is an important driver of economic growth and productivity.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the survey-based methodology, and the trend may not capture all revenue sources for this specialized industry.
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Citation
U.S. Census Bureau, Sources of Revenue: Information Technology (IT) Technical Design, Consulting, and Development Services for Management Consulting Services, All Establishments, Employer Firms (REVTDSEF54161ALLEST), retrieved from FRED.