Revenue for Full-Service Restaurants, All Establishments, Employer Firms
FRRAEEF2722511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
424,412.00
Year-over-Year Change
81.24%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for full-service restaurants, a key indicator of consumer spending and the 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 Revenue for Full-Service Restaurants, All Establishments, Employer Firms metric tracks total sales for dine-in restaurant establishments, providing insight into consumer demand and economic conditions.
Methodology
The data is collected through survey responses from a sample of restaurant businesses across the United States.
Historical Context
This metric is closely monitored by economists, policymakers, and industry analysts to gauge the strength of the restaurant and hospitality sectors.
Key Facts
- Full-service restaurants account for over $300 billion in annual U.S. sales.
- Restaurant revenue is a key indicator of household discretionary spending.
- The hospitality industry employs over 15 million people in the United States.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total revenue generated by full-service restaurants in the United States, including both employer and non-employer establishments.
Q: Why is this trend relevant for users or analysts?
A: Restaurant revenue is a important indicator of consumer spending and the overall health of the hospitality industry, which is a significant contributor to the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through survey responses from a sample of restaurant businesses across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor restaurant revenue to gauge consumer confidence, assess the impact of economic policies, and inform decisions related to the hospitality sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, Revenue for Full-Service Restaurants, All Establishments, Employer Firms (FRRAEEF2722511), retrieved from FRED.