Revenue from Households for Other Administrative and Support Services, Establishments Subject to Federal Income Tax
This dataset tracks revenue from households for other administrative and support services, establishments subject to federal income tax over time.
Latest Value
37262.00
Year-over-Year Change
28.80%
Date Range
7/1/2006 - 10/1/2022
Summary
This economic trend measures revenue from households for other administrative and support services by establishments subject to federal income tax. It provides insight into consumer spending on these services, which is an important indicator of economic activity.
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 Other Administrative and Support Services, Establishments Subject to Federal Income Tax trend represents the total revenue collected by businesses in this sector from household consumers. It is a key metric for understanding consumer demand and spending patterns in the administrative and support services industry.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Federal Reserve.
Historical Context
This metric is used by economists and policymakers to assess household consumption and the overall health of the services sector.
Key Facts
- Measured quarterly since 1998.
- Covers a range of support services like office administration, facilities management, and business support.
- An indicator of consumer demand for professional and business services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by businesses in the administrative and support services sector from household consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns in the services sector, which is an important indicator of overall economic activity and health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess household consumption and the overall performance of the services industry, which is a key driver of the U.S. economy.
Q: Are there update delays or limitations?
A: This data is reported quarterly, so there may be a several-month delay between the end of the reporting period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Revenue from Households for Other Administrative and Support Services, Establishments Subject to Federal Income Tax (HHD561YTAXABL144QNSA), retrieved from FRED.