Real Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
IPUUN811420T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
-139.58%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures the real output of the reupholstery and furniture repair sector in the United States. It provides insights into the health and performance of this specialized service 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 tracks the inflation-adjusted production levels of businesses engaged in reupholstering furniture and repairing household and office furniture. This metric is used by economists to assess the broader service sector and consumer demand.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on industry surveys and economic indicators.
Historical Context
This trend offers valuable context for policymakers and market analysts monitoring the health of the furniture repair and reupholstery industry.
Key Facts
- The reupholstery and furniture repair sector is part of the broader 'Other Services' industry category.
- Real output in this sector has fluctuated over the past decade, reflecting changes in consumer spending.
- Monitoring this trend provides insights into the health of the furniture manufacturing and home goods markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) output of businesses 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 metric offers valuable insights into the performance and demand for furniture repair and reupholstery services, which can indicate broader trends in consumer spending and the health of related industries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on industry surveys and economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to monitor the furniture repair and reupholstery industry, which can provide context for broader consumer demand and service sector conditions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the series only covers a specific NAICS industry code, which may not capture the full scope of furniture-related services.
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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 (IPUUN811420T011000000), retrieved from FRED.