Total Revenue for Dry-Cleaning and Laundry Services Excluding Coin-Operated, All Establishments, Employer Firms
REVEF81232ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,847.00
Year-over-Year Change
6.47%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by dry-cleaning and laundry services, excluding coin-operated establishments and self-employed individuals. It provides insight into the financial health and performance of this important service 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 dry-cleaning and laundry services is a key economic indicator that reflects consumer demand, business investment, and broader trends in the services sector. Economists and policymakers use this data to assess the overall state of the economy and make informed decisions.
Methodology
The data is collected through surveys of employer firms in the dry-cleaning and laundry services industry.
Historical Context
This trend is closely watched by industry analysts and policymakers to gauge consumer spending patterns and the broader health of the services sector.
Key Facts
- The dry-cleaning and laundry services industry generates over $50 billion in annual revenue.
- Revenue in this sector has grown by an average of 2.5% per year over the past decade.
- Coin-operated laundromats account for less than 10% of total industry revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by dry-cleaning and laundry services, excluding coin-operated establishments and self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and the overall health of the services sector, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the dry-cleaning and laundry services industry.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by industry analysts and policymakers to gauge consumer spending and the broader performance of the services sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Total Revenue for Dry-Cleaning and Laundry Services Excluding Coin-Operated, All Establishments, Employer Firms (REVEF81232ALLEST), retrieved from FRED.