Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.70
Year-over-Year Change
277.52%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures the output of the travel agencies sector (NAICS 561510) in the United States. It is an important indicator for understanding the health and performance of the travel and tourism 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) in the United States tracks the production levels of businesses primarily engaged in operating travel agencies. This data provides valuable insights into consumer demand and spending patterns within the travel sector.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of businesses in the travel agency industry.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the broader state of the travel and tourism market.
Key Facts
- Travel agencies are a key part of the broader administrative and support services industry.
- Output in the travel agency sector can indicate consumer confidence and spending patterns.
- Monitoring this trend helps policymakers understand the health of the travel and tourism industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output or production levels of businesses primarily engaged in operating travel agencies (NAICS 561510) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer demand and spending patterns within the travel and tourism industry, which is a significant part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of businesses in the travel agency industry.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to assess the broader state of the travel and tourism market and its impact on the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions common to Federal Reserve economic indicators.
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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 (IPUPN561510T301000000), retrieved from FRED.