Revenue for Accommodation and Food Services, All Establishments, Employer Firms
AAFSRAEEF172 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,266,469.00
Year-over-Year Change
71.34%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for accommodation and food service establishments in the United States. It provides insight into the financial health and performance of a key consumer-facing sector.
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 Revenue for Accommodation and Food Services, All Establishments, Employer Firms metric tracks total sales and receipts for businesses in the accommodation and food service industry. This data is widely used by economists and policymakers to monitor consumer spending patterns and gauge the broader economic climate.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
Accommodation and food service revenue is a leading indicator of consumer confidence and discretionary spending.
Key Facts
- The accommodation and food service sector accounts for over 4% of U.S. GDP.
- Revenue in this industry tends to be cyclical, declining during economic downturns.
- Small businesses make up the majority of firms in accommodation and food services.
FAQs
Q: What does this economic trend measure?
A: The Revenue for Accommodation and Food Services, All Establishments, Employer Firms metric tracks total sales and receipts for businesses in the accommodation and food service industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the broader economic climate, as the accommodation and food service sector is a key barometer of discretionary consumer activity.
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: Accommodation and food service revenue is closely monitored by economists, analysts, and policymakers as a leading indicator of consumer confidence and spending.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay from the reference period.
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Citation
U.S. Federal Reserve, Revenue for Accommodation and Food Services, All Establishments, Employer Firms (AAFSRAEEF172), retrieved from FRED.