Expenses for Automotive Body, Paint, and Interior Repair and Maintenance, All Establishments, Employer Firms
This dataset tracks expenses for automotive body, paint, and interior repair and maintenance, all establishments, employer firms over time.
Latest Value
32769.00
Year-over-Year Change
66.37%
Date Range
1/1/2004 - 1/1/2022
Summary
This trend measures expenses for automotive body, paint, and interior repair and maintenance services across all establishments with employer firms in the United States. It provides insight into the overall health and activity levels of the automotive repair 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 Expenses for Automotive Body, Paint, and Interior Repair and Maintenance trend represents the total dollar value of services provided by businesses engaged in automotive repair, such as body shops, paint centers, and interior specialists. This metric is used by economists and policymakers to gauge the performance and demand in the automotive aftermarket.
Methodology
The data is collected through surveys of businesses in the automotive repair and maintenance industry.
Historical Context
This economic indicator is closely watched by industry analysts and policymakers as it reflects consumer spending and the overall state of the automotive market.
Key Facts
- The automotive repair industry generates over $200 billion in annual revenue in the U.S.
- This metric has shown steady growth over the past decade, reflecting increased consumer demand.
- Automotive repair expenses are seen as a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenses for automotive body, paint, and interior repair and maintenance services across all establishments with employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and industry analysts as it provides insight into consumer spending and the overall health of the automotive aftermarket.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the automotive repair and maintenance industry.
Q: How is this trend used in economic policy?
A: This economic indicator is used by policymakers and market analysts to gauge the performance and demand in the automotive aftermarket, which has broader implications for the overall economy.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is collected through business surveys.
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Citation
U.S. Federal Reserve, Expenses for Automotive Body, Paint, and Interior Repair and Maintenance, All Establishments, Employer Firms (ABPAIRAMEAE3811121), retrieved from FRED.