Real Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States
IPUUN8123T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.08
Year-over-Year Change
13.57%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of the drycleaning and laundry services sector in the United States. It is an important indicator for understanding the service industry's contribution to the overall economy.
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): Drycleaning and Laundry Services (NAICS 8123) tracks the production volume of this specific service industry. It provides insights into the performance and trends within the broader services sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using industry production surveys.
Historical Context
This metric is used by economists and policymakers to analyze the health and growth of the service industry and its impact on the overall economy.
Key Facts
- The drycleaning and laundry services sector is part of the broader 'Other Services' industry category.
- This trend measures the real (inflation-adjusted) production volume of the sector.
- The data is reported as an index, with 2017 as the base year (2017 = 100).
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production volume of the drycleaning and laundry services sector (NAICS 8123) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and growth of the service industry, which is an important contributor to the overall U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using industry production surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the health and growth of the service industry and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the U.S. Federal Reserve and may have a short delay in reporting.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (NAICS 8123) in the United States (IPUUN8123T010000000), retrieved from FRED.