Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States
IPUUN811420T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,050.62
Year-over-Year Change
34.45%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures output in the reupholstery and furniture repair sector of the U.S. economy. It is an important indicator of activity and demand in 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 Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) series tracks production levels for businesses engaged in the reupholstery and repair of furniture and home furnishings. This data provides insight into the health of this specialized services sector.
Methodology
The data is collected through monthly surveys of businesses in this industry segment.
Historical Context
Economists and policymakers monitor this trend to assess consumer demand and activity in the furniture repair services market.
Key Facts
- Furniture repair is a $3 billion industry in the U.S.
- Demand for reupholstery services often rises during economic downturns.
- The industry employs over 60,000 workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output and production levels of businesses engaged in the reupholstery and repair of furniture and home furnishings in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer demand and activity in the niche furniture repair services market, which is an important indicator of broader economic conditions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses in the reupholstery and furniture repair industry segment.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of the furniture repair services market and its implications for consumer spending and broader economic activity.
Q: Are there update delays or limitations?
A: There can be lags of several months in the reporting of this data due to the time required to survey businesses and compile the information.
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Citation
U.S. Federal Reserve, Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 811420) in the United States (IPUUN811420T300000000), retrieved from FRED.