Revenue from Households for Motion Picture and Sound Recording Industries, Establishments Subject to Federal Income Tax
This dataset tracks revenue from households for motion picture and sound recording industries, establishments subject to federal income tax over time.
Latest Value
8066.00
Year-over-Year Change
60.71%
Date Range
10/1/2003 - 10/1/2024
Summary
This economic trend measures revenue generated by U.S. households for the motion picture and sound recording industries. It provides insights into consumer spending on entertainment and the health of these key creative sectors.
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 from Households for Motion Picture and Sound Recording Industries, Establishments Subject to Federal Income Tax metric tracks household-level spending on products and services from businesses in these industries, which are required to pay federal income tax. This data offers a window into consumer demand and the commercial performance of these entertainment-focused sectors.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Federal Reserve.
Historical Context
This trend is used by economists and policymakers to gauge consumer confidence and discretionary spending patterns.
Key Facts
- Quarterly data series started in 1946.
- Entertainment spending is a key component of household budgets.
- The COVID-19 pandemic severely impacted this industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue generated by U.S. households for businesses in the motion picture and sound recording industries that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and spending patterns for entertainment, which is an important component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in these industries and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to gauge consumer confidence and discretionary spending, which can inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: This is a quarterly data series, so there may be a several-month delay between the end of the reporting period and the public release of the data.
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Citation
U.S. Federal Reserve, Revenue from Households for Motion Picture and Sound Recording Industries, Establishments Subject to Federal Income Tax (HHD512TAXABL144QNSA), retrieved from FRED.