Expenses for Drinking Places (Alcoholic Beverages), Establishments Subject To Federal Income Tax, Employer Firms
This dataset tracks expenses for drinking places (alcoholic beverages), establishments subject to federal income tax, employer firms over time.
Latest Value
21471.00
Year-over-Year Change
79.28%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the monthly expenses for drinking places, such as bars and clubs, that are subject to federal income tax and have employees. It provides insight into consumer spending patterns and the financial health of the hospitality 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 Drinking Places (Alcoholic Beverages) trend tracks the total monthly expenses incurred by establishments that primarily serve alcoholic beverages, such as bars, pubs, and nightclubs. This metric is an important indicator of consumer behavior and the overall state of the hospitality sector.
Methodology
The data is collected through surveys of businesses subject to federal income tax.
Historical Context
This trend is closely watched by policymakers, economists, and industry analysts to assess the strength of the consumer economy and make informed decisions.
Key Facts
- This metric reflects spending at bars, clubs, and other establishments that primarily serve alcoholic beverages.
- The trend is a leading indicator of consumer confidence and discretionary spending patterns.
- Drinking places expenses are closely tied to the overall health of the hospitality and tourism industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly expenses incurred by establishments that primarily serve alcoholic beverages, such as bars, pubs, and nightclubs.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the financial health of the hospitality industry, which is an important indicator of the overall strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses subject to federal income tax.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, economists, and industry analysts to assess the strength of the consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have some limitations in terms of coverage or timeliness.
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Citation
U.S. Federal Reserve, Expenses for Drinking Places (Alcoholic Beverages), Establishments Subject To Federal Income Tax, Employer Firms (DPBEESTFIT37224), retrieved from FRED.