Revenue for Full-Service Restaurants, Establishments Subject To Federal Income Tax, Employer Firms
This dataset tracks revenue for full-service restaurants, establishments subject to federal income tax, employer firms over time.
Latest Value
424412.00
Year-over-Year Change
81.24%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for full-service restaurants that are subject to federal income tax and operate as employer firms in the United States. It provides important insights into the financial health and performance of a key service 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 Revenue for Full-Service Restaurants, Establishments Subject To Federal Income Tax, Employer Firms series tracks total sales and receipts for dine-in restaurants that file federal income taxes and have at least one paid employee. This data is a key indicator of consumer spending and economic activity in the restaurant industry.
Methodology
The data is collected by the U.S. Census Bureau through its Annual Retail Trade Survey.
Historical Context
This trend is closely watched by economists, policymakers, and industry analysts to gauge consumer confidence and the broader service sector.
Key Facts
- The series dates back to 1998.
- Full-service restaurants account for over 50% of total U.S. restaurant sales.
- Employer firms make up around 90% of all restaurants in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue or sales for full-service restaurants in the United States that are subject to federal income tax and operate as employer firms.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer spending patterns and the overall health of the restaurant industry, which is a key service sector and economic indicator.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Annual Retail Trade Survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to gauge consumer confidence, service sector performance, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on an annual basis with a several-month lag from the reference year.
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Citation
U.S. Federal Reserve, Revenue for Full-Service Restaurants, Establishments Subject To Federal Income Tax, Employer Firms (FRRESTFITEF2722511), retrieved from FRED.