Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.10
Year-over-Year Change
254.31%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures the real output of travel agencies in the United States, a key indicator of activity in the administrative and support 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 Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) metric tracks the inflation-adjusted production volume of travel agencies as part of the broader administrative and support services industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industry participants.
Historical Context
This trend provides insight into the health and dynamics of the travel services market, which is an important component of the broader services economy.
Key Facts
- Travel agencies are part of the administrative and support services sector.
- This metric tracks inflation-adjusted production volume for the travel agency industry.
- The travel services market is an important component of the broader U.S. services economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of travel agencies in the United States as part of the broader administrative and support services sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and dynamics of the travel services market, which is an important component of the broader U.S. services economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industry participants.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to monitor the performance and outlook of the travel services industry and its impact on the broader services sector.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions common to Federal Reserve economic indicators.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States (IPUPN56151T011000000), retrieved from FRED.