Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
IPUPN561720T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.87
Year-over-Year Change
21.35%
Date Range
1/1/1987 - 1/1/2022
Summary
The Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States measures changes in prices received by producers of janitorial services. This metric is a key indicator of inflation and economic activity in the service 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
This Producer Price Index (PPI) series tracks price changes for the output of establishments primarily engaged in providing janitorial services. It is a valuable economic indicator for analysts and policymakers monitoring trends in service sector costs and output prices.
Methodology
The data is collected through surveys of U.S. service providers and calculated as a weighted index.
Historical Context
The janitorial services PPI is used by the Federal Reserve and other institutions to assess inflationary pressures and make economic policy decisions.
Key Facts
- The janitorial services PPI is a component of the broader Administrative and Support and Waste Management and Remediation Services PPI.
- Janitorial services account for a significant portion of business operating costs in many industries.
- The Federal Reserve monitors this index as an input to its monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This Producer Price Index (PPI) series tracks changes in the prices received by producers of janitorial services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The janitorial services PPI is an important indicator of inflation and economic conditions in the service sector, providing insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. service providers and calculated as a weighted index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use the janitorial services PPI to assess inflationary pressures and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The janitorial services PPI is published monthly by the Bureau of Labor Statistics, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Sectoral Output Price Deflator for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States (IPUPN561720T050000000), retrieved from FRED.