Expenses for Carpet and Upholstery Cleaning Services, Establishments Subject To Federal Income Tax, Employer Firms
CAUCSEESTFI356174 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,638.00
Year-over-Year Change
62.85%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures the expenses for carpet and upholstery cleaning services at establishments subject to federal income tax. It provides insights into the demand and pricing dynamics within this specialized service 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 Carpet and Upholstery Cleaning Services metric tracks the operating costs incurred by firms providing these services. It is an important indicator of activity and pricing power in this segment of the services sector, which can have implications for consumer spending and broader economic conditions.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the health of the cleaning services industry and its role in the broader economy.
Key Facts
- The data is reported on a quarterly basis.
- Carpet and upholstery cleaning is a $5 billion industry in the U.S.
- The sector employs over 100,000 workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the expenses incurred by establishments that provide carpet and upholstery cleaning services and are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the demand and pricing dynamics within the specialized cleaning services industry, which can have implications for consumer spending and 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: Policymakers and analysts use this metric to assess the health of the cleaning services industry and its role in the broader economy.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Expenses for Carpet and Upholstery Cleaning Services, Establishments Subject To Federal Income Tax, Employer Firms (CAUCSEESTFI356174), retrieved from FRED.