Revenue for Food Services and Drinking Places, All Establishments, Employer and Nonemployer Firms
FSADPRAEEAN1722 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
980,153.00
Year-over-Year Change
80.31%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for food services and drinking places, including both employer and nonemployer firms. It provides insight into the financial performance and consumer demand within the food and beverage 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 Food Services and Drinking Places, All Establishments, Employer and Nonemployer Firms' series tracks total sales and receipts for restaurants, bars, cafes, and other eating and drinking establishments in the United States. This metric is used by economists and policymakers to gauge consumer spending patterns and the overall health of the food service industry.
Methodology
The data is collected through monthly surveys conducted by the U.S. Census Bureau.
Historical Context
This revenue trend is closely monitored by economic analysts and policymakers as an indicator of consumer confidence and discretionary spending.
Key Facts
- Food services and drinking places account for over $800 billion in annual revenue.
- The industry employs over 11 million workers in the U.S.
- Revenue in this sector is strongly correlated with overall economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue and sales for food services and drinking places, including both employer-based establishments and nonemployer firms such as independent contractors and self-employed individuals.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric is an important indicator of consumer spending patterns and the overall health of the food service industry, which is a key component of the U.S. service sector economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts closely monitor this revenue trend as a gauge of consumer confidence and discretionary spending, which has implications for broader economic and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Revenue for Food Services and Drinking Places, All Establishments, Employer and Nonemployer Firms (FSADPRAEEAN1722), retrieved from FRED.