Real Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States
IPUUN81142T010000000 • 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
The Real Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) trend measures the output of the furniture repair and reupholstery industry in the United States, providing insights into this specialized 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 series tracks the real, inflation-adjusted output of establishments primarily engaged in reupholstering furniture and repairing furniture. It is a key indicator of activity and productivity in the furniture repair and restoration industry, which supports consumer demand and sustainability of the broader furniture market.
Methodology
The data is collected through surveys by the U.S. Federal Reserve and calculated as an index based on the North American Industry Classification System (NAICS).
Historical Context
Analysts use this trend to assess the health and outlook of the furniture repair services industry, which has implications for consumer spending, waste reduction, and sustainability in the broader furniture and home goods sector.
Key Facts
- The furniture repair and reupholstery industry employs over 60,000 workers in the U.S.
- Furniture repair services extend the lifespan of existing furniture, reducing waste.
- Output in this industry tends to rise during periods of strong consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of establishments primarily engaged in reupholstering furniture and repairing furniture in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and activity of the furniture repair and restoration industry, which supports consumer demand and sustainability in the broader furniture market.
Q: How is this data collected or calculated?
A: The data is collected through surveys by the U.S. Federal Reserve and calculated as an index based on the North American Industry Classification System (NAICS).
Q: How is this trend used in economic policy?
A: Analysts use this trend to assess the outlook for the furniture repair services industry, which has implications for consumer spending, waste reduction, and sustainability in the home goods sector.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Other Services (Except Public Administration): Reupholstery and Furniture Repair (NAICS 81142) in the United States (IPUUN81142T010000000), retrieved from FRED.