Revenue for Food Service Contractors, All Establishments, Employer Firms
FSCRAEEF272231 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,203.00
Year-over-Year Change
25.85%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for food service contractors at all U.S. employer establishments. It provides insight into the performance and demand for commercial food services.
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 Food Service Contractors, All Establishments, Employer Firms data series tracks the monthly revenue for companies that provide food services to other businesses, institutions, and events. It serves as an indicator of economic activity and commercial demand for outsourced food preparation and catering.
Methodology
The data is collected through monthly surveys of food service establishments by the U.S. Census Bureau.
Historical Context
This revenue metric is used by analysts and policymakers to assess the state of the commercial food services industry and broader economic conditions.
Key Facts
- Food service contractors provide meals and refreshments to schools, hospitals, businesses, and events.
- This revenue series excludes on-site food services and vending machine sales.
- The food service contracting industry generates over $60 billion in annual revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly revenue generated by food service contracting companies that provide commercial food services to other businesses, institutions, and events.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric provides insight into the performance and demand for outsourced commercial food services, which can indicate broader economic conditions and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of food service establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this revenue data to assess the state of the commercial food services industry and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: The data is released with a lag of several months and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Revenue for Food Service Contractors, All Establishments, Employer Firms (FSCRAEEF272231), retrieved from FRED.