Deficits, Service Companies (Professional, Hotels and Amusement, Etc.) for United States
A09023USA174NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96,629.00
Year-over-Year Change
-23.74%
Date Range
1/1/1917 - 1/1/1940
Summary
The 'Deficits, Service Companies (Professional, Hotels and Amusement, Etc.) for United States' trend measures the gap between revenues and expenses for service sector businesses in the U.S. This data is crucial for analyzing the financial health and productivity of a major component of the American economy.
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
This series tracks the net operating profits or losses of service-providing companies across various industries, including professional services, hospitality, and entertainment. Economists and policymakers monitor this metric to gauge the overall performance and competitive dynamics of the U.S. service sector.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in service sector profitability provide insights into consumer demand, inflation, and the broader macroeconomic environment.
Key Facts
- The service sector accounts for over 70% of U.S. GDP.
- Service company profits declined sharply during the 2008-2009 recession.
- Stable service sector profitability is a sign of economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net operating profits or losses of U.S. service-providing companies, including those in professional services, hospitality, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: Trends in service sector profitability provide crucial insights into consumer demand, inflation, and the overall health of the American economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor service sector profitability to gauge macroeconomic conditions and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Deficits, Service Companies (Professional, Hotels and Amusement, Etc.) for United States (A09023USA174NNBR), retrieved from FRED.