Real Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
IPUUN811420T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.57
Year-over-Year Change
-20.41%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic indicator tracks the real output of the reupholstery and furniture repair sector in the United States. It provides insight into the health and activity of this niche services 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 Real Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) series measures the real output, or inflation-adjusted production, of businesses primarily engaged in reupholstering furniture and repairing household and office furniture.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Historical Context
This indicator is used by economists and policymakers to analyze trends in the services sector and assess the overall health of the U.S. economy.
Key Facts
- The series has a base year of 2017.
- Output in this sector declined sharply during the 2008-2009 recession.
- The reupholstery and furniture repair industry employs over 100,000 workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real, inflation-adjusted output of businesses primarily engaged in reupholstering furniture and repairing household and office furniture in the United States.
Q: Why is this trend relevant for users or analysts?
A: This measure provides insight into the health and activity of the reupholstery and furniture repair services industry, which is an important niche within the broader U.S. services sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to analyze trends in the services sector and assess the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and revisions of the Federal Reserve's industrial production indices.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States (IPUUN811420T010000000), retrieved from FRED.