Revenue for Caterers, All Establishments, Employer Firms
CRAEEF272232 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,528.00
Year-over-Year Change
63.53%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for catering businesses in the United States. It provides insight into the financial health and activity of the catering industry, which is an important component of the broader hospitality and food service sectors.
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 Caterers, All Establishments, Employer Firms' series tracks the total revenue generated by catering companies across the country that have at least one paid employee. This metric offers a high-level view of commercial catering activity and can indicate consumer demand and spending patterns in the industry.
Methodology
The data is collected through surveys conducted by the U.S. Census Bureau as part of the Annual Retail Trade Survey.
Historical Context
Catering revenue trends are closely monitored by economists, policymakers, and industry analysts to assess the state of the hospitality and food service sectors.
Key Facts
- Catering is a $60+ billion industry in the United States.
- The catering sector employs over 1 million people nationwide.
- Revenue for caterers has grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by catering companies in the United States that have at least one paid employee.
Q: Why is this trend relevant for users or analysts?
A: Catering revenue is an important indicator of activity and demand in the broader hospitality and food service sectors, which are key components of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau as part of the Annual Retail Trade Survey.
Q: How is this trend used in economic policy?
A: Catering revenue trends are closely monitored by economists, policymakers, and industry analysts to assess the state of the hospitality and food service sectors.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the most recent catering revenue data due to the survey collection and reporting process.
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Citation
U.S. Federal Reserve, Revenue for Caterers, All Establishments, Employer Firms (CRAEEF272232), retrieved from FRED.