Expenses for Environmental Consulting Services, Establishments Subject To Federal Income Tax, Employer Firms
ECSEESTFITE354162 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,470.00
Year-over-Year Change
62.06%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures the expenses for environmental consulting services by employer firms subject to federal income tax. It provides insights into the demand for environmental expertise and compliance services within the U.S. business landscape.
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 Environmental Consulting Services trend represents the total dollar amount spent by employer firms on obtaining external environmental consulting and related services. This metric is used by economists and policymakers to gauge business investment in environmental compliance and sustainability initiatives.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the role of environmental regulations and sustainability priorities in shaping business decisions and expenditures.
Key Facts
- Environmental consulting services account for a growing share of business expenditures.
- Firms subject to federal income tax represent the majority of the environmental consulting services market.
- Demand for environmental expertise has increased due to stricter regulations and sustainability initiatives.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenses incurred by employer firms subject to federal income tax for environmental consulting services, which include advisory, compliance, and sustainability-related activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of investment and demand for environmental expertise within the U.S. business sector, which is an important indicator of compliance, sustainability, and regulatory priorities.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau, which gather financial information from a sample of employer firms subject to federal income tax.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the impact of environmental regulations and sustainability initiatives on business expenditures and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Census Bureau, and there may be some reporting lags or limitations in coverage for certain industries or firm sizes.
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Citation
U.S. Federal Reserve, Expenses for Environmental Consulting Services, Establishments Subject To Federal Income Tax, Employer Firms (ECSEESTFITE354162), retrieved from FRED.