Total Revenue for Car Washes, Establishments Subject to Federal Income Tax, Employer Firms
REVEF811192TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,268.00
Year-over-Year Change
164.48%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by car wash establishments in the United States that are subject to federal income tax and have employer firms. It provides insight into the financial performance and market conditions of the car wash 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 'Total Revenue for Car Washes, Establishments Subject to Federal Income Tax, Employer Firms' metric tracks the aggregate revenue earned by car wash businesses that file federal income taxes and have at least one employee. This data point is useful for analyzing industry trends, consumer spending patterns, and the overall economic health of the car wash sector.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This trend is monitored by economists, industry analysts, and policymakers to gauge the financial conditions and consumer demand in the car wash market.
Key Facts
- Car washes are a $15 billion industry in the United States.
- The car wash sector employs over 350,000 workers nationwide.
- The average American household visits a car wash 6-8 times per year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by car wash establishments in the United States that are subject to federal income tax and have employer firms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial performance and market conditions of the car wash industry, which is useful for economists, industry analysts, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: This trend is monitored by economists and policymakers to gauge the financial conditions and consumer demand in the car wash market, which can inform economic policies and industry regulations.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all car wash establishments, especially smaller or informal operations.
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Citation
U.S. Federal Reserve, Total Revenue for Car Washes, Establishments Subject to Federal Income Tax, Employer Firms (REVEF811192TAXABL), retrieved from FRED.