Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States
IPUPN561510T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.53
Year-over-Year Change
163.67%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the real output of the travel agencies industry (NAICS 561510) in the United States. It is an important indicator for assessing the health and performance of the travel and tourism 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 Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States is an index that tracks the real, inflation-adjusted output of the travel agencies industry. It provides insights into the production and productivity levels within this key service sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to gauge the state of the travel and tourism industry and its contribution to the broader economy.
Key Facts
- The travel agencies industry is a key component of the broader administrative and support services sector.
- Real output in the travel agencies industry has fluctuated significantly in recent years due to the impact of the COVID-19 pandemic.
- This trend provides insight into the productivity and competitiveness of the U.S. travel agencies industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the travel agencies industry (NAICS 561510) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator for assessing the health and performance of the travel and tourism sector, which is a critical component of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to gauge the state of the travel and tourism industry and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision policies of the U.S. Federal Reserve's industrial production indices.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 561510) in the United States (IPUPN561510T010000000), retrieved from FRED.