Expenses for Consumer Electronics Repair and Maintenance, All Establishments, Employer Firms
CERAMEAEEF31811211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,289.00
Year-over-Year Change
-24.80%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures consumer spending on electronics repair and maintenance services across all U.S. establishments. It provides insights into consumer demand and behavior in the electronics services 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 Expenses for Consumer Electronics Repair and Maintenance, All Establishments, Employer Firms series tracks total expenditures by consumers on repairing and maintaining electronic devices like computers, phones, and appliances. This metric helps economists assess the health of the consumer electronics services industry.
Methodology
The data is collected through surveys of U.S. businesses and households by the U.S. Census Bureau.
Historical Context
This trend is used by policymakers and market analysts to monitor consumer demand and the overall state of the electronics services sector.
Key Facts
- Measured in billions of U.S. dollars.
- Data available monthly since January 2007.
- Part of the Personal Consumption Expenditures (PCE) economic indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures total consumer spending on repairing and maintaining electronic devices like computers, phones, and appliances across all U.S. establishments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand and behavior in the electronics services sector, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and households by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and market analysts to monitor consumer demand and the overall state of the electronics services sector.
Q: Are there update delays or limitations?
A: The data is available monthly with a typical 1-2 month publication delay.
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Citation
U.S. Federal Reserve, Expenses for Consumer Electronics Repair and Maintenance, All Establishments, Employer Firms (CERAMEAEEF31811211), retrieved from FRED.