Real Sectoral Output for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States
IPUUN81292T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.37
Year-over-Year Change
-42.75%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the real output of the photofinishing industry (NAICS 81292) in the United States. It provides insight into the performance and productivity of this service sector, which is an important indicator of broader economic conditions.
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): Photofinishing (NAICS 81292) in the United States tracks the volume of goods and services produced by this industry, adjusted for inflation. It serves as a valuable gauge of the photofinishing sector's economic contribution and can help inform policy decisions and business strategies.
Methodology
This data is collected and calculated by the U.S. Federal Reserve based on industry surveys and production data.
Historical Context
Policymakers and economists closely monitor this trend to assess the health of the services sector and overall economic activity.
Key Facts
- The photofinishing industry is part of the broader 'Other Services (Except Public Administration)' sector.
- Real output in this industry has declined in recent years due to the shift to digital photography.
- Trends in photofinishing output can provide insights into consumer spending and technological change.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) output of the photofinishing industry (NAICS 81292) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and productivity of the photofinishing sector, which is an important part of the broader services industry and the U.S. economy.
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 production data.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of the services sector and overall economic activity, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and updates due to the time required to collect and process the underlying industry information.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Other Services (Except Public Administration): Photofinishing (NAICS 81292) in the United States (IPUUN81292T010000000), retrieved from FRED.