Expenses for Pet Care (Except Veterinary) Services, All Establishments, Employer Firms
PCVSEAEEF381291 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,047.00
Year-over-Year Change
240.69%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the expenses incurred by all establishments, including employer firms, for pet care services excluding veterinary services. It provides insights into consumer spending on pet-related services and is of interest to economists and policymakers tracking consumer behavior.
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 Expenses for Pet Care (Except Veterinary) Services, All Establishments, Employer Firms trend represents the total expenditures on pet care services, excluding veterinary care, across all types of establishments, including those with employees. This data is used by analysts to understand consumer demand and preferences in the pet services industry.
Methodology
The data is collected through surveys of businesses and establishments in the United States.
Historical Context
This economic indicator is relevant for understanding consumer spending patterns and can inform business and policy decisions in the pet services sector.
Key Facts
- Pet care services exclude veterinary care.
- Expenses are tracked across all types of establishments, including those with employees.
- The data provides insights into consumer demand for pet-related services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the expenses incurred by all establishments, including employer firms, for pet care services excluding veterinary services.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding consumer spending patterns and preferences in the pet services industry, which can inform business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in the United States.
Q: How is this trend used in economic policy?
A: This economic indicator can be used by policymakers and analysts to understand consumer behavior and spending in the pet services sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the underlying survey responses.
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Citation
U.S. Federal Reserve, Expenses for Pet Care (Except Veterinary) Services, All Establishments, Employer Firms (PCVSEAEEF381291), retrieved from FRED.