Total Revenue for Pet Care Excluding Veterinary Services, All Establishments, Employer Firms
REVEF81291ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,973.00
Year-over-Year Change
258.48%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the total revenue for pet care establishments, excluding veterinary services, across all employer firms in the United States. It provides insights into the overall financial health and growth of the pet care 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 Pet Care Excluding Veterinary Services, All Establishments, Employer Firms trend represents the aggregated revenue generated by pet care businesses, such as pet stores, grooming services, and boarding facilities, but excludes revenue from veterinary services. This metric is closely watched by economists and industry analysts to gauge the consumer demand and economic activity in the pet care sector.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding consumer spending patterns, industry performance, and the broader economic conditions that impact the pet care market.
Key Facts
- The pet care industry generates over $100 billion in annual revenue in the United States.
- The pet care sector has experienced consistent growth in recent years, outpacing many other consumer industries.
- Demand for pet-related services, such as grooming and boarding, has risen alongside the increasing pet ownership in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by pet care establishments, excluding veterinary services, across all employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the overall financial health and growth of the pet care industry, which is an important consumer sector and indicator of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to understand consumer spending patterns, industry performance, and the broader economic conditions impacting the pet care market.
Q: Are there update delays or limitations?
A: The data is released on a periodic basis by the U.S. Census Bureau, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Census Bureau, Total Revenue for Pet Care Excluding Veterinary Services, All Establishments, Employer Firms (REVEF81291ALLEST), retrieved from FRED.