Total Revenue for All Other Automotive Repair and Maintenance, Establishments Subject to Federal Income Tax, Employer Firms
REVEF811198TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,278.00
Year-over-Year Change
149.47%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for automotive repair and maintenance establishments subject to federal income tax. It provides insight into the financial health and activity of this key 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 all other automotive repair and maintenance establishments (excluding new car dealers and gasoline stations) subject to federal income tax is an important indicator of economic conditions and consumer demand for these services.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This metric is closely watched by policymakers and analysts to gauge the state of the automotive services sector.
Key Facts
- This data excludes new car dealers and gasoline stations.
- Revenue in this sector indicates consumer demand for maintenance and repair services.
- The automotive repair industry employs over 1 million workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by automotive repair and maintenance establishments in the U.S. that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and consumer demand for automotive repair services, which is an important indicator of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to gauge the state of the automotive services sector and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and limitations of U.S. Census Bureau economic surveys.
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Citation
U.S. Federal Reserve, Total Revenue for All Other Automotive Repair and Maintenance, Establishments Subject to Federal Income Tax, Employer Firms (REVEF811198TAXABL), retrieved from FRED.