SNAP Benefits Recipients in Michigan
Annual
BR26000MIA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,408,250.00
Year-over-Year Change
-26.42%
Date Range
1/1/1989 - 1/1/2022
Summary
This annual economic series measures the total value of business revenue in the United States. It is a key indicator of overall economic activity and business performance.
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 Annual Business Survey (ABS) tracks the revenue, expenses, and other economic statistics for U.S. businesses across various sectors. It provides important insights into the health and trends of the private sector.
Methodology
The ABS data is collected through an annual survey of a representative sample of businesses.
Historical Context
Economists and policymakers closely monitor this data to assess the state of the economy and inform decision-making.
Key Facts
- The ABS covers over 6 million businesses in the U.S.
- Business revenue has grown by an average of 4% annually over the past decade.
- Retail and manufacturing sectors account for the largest share of total business revenue.
FAQs
Q: What does this economic trend measure?
A: The Annual Business Survey (ABS) measures the total revenue generated by U.S. businesses across various sectors of the economy.
Q: Why is this trend relevant for users or analysts?
A: Business revenue is a key indicator of overall economic activity and the health of the private sector, making it highly relevant for economists, policymakers, and business analysts.
Q: How is this data collected or calculated?
A: The ABS data is collected through an annual survey of a representative sample of U.S. businesses.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor business revenue data to assess the state of the economy and inform decision-making on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The ABS data is published annually, with a delay of several months after the end of the reference year.
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Citation
U.S. Federal Reserve, Annual Business Revenue (BR26000MIA647NCEN), retrieved from FRED.