Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States
IPUPN56151T301000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.70
Year-over-Year Change
277.52%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures the output of the travel agencies industry within the administrative and support services sector in the United States. It provides insight into the performance and health of this key industry.
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 Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) series tracks the production and sales volumes of businesses primarily engaged in providing travel agency services in the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of businesses in this industry.
Historical Context
Policymakers and analysts monitor this trend to understand the state of the travel and tourism sector and its broader economic implications.
Key Facts
- Travel agencies are a key part of the tourism and hospitality industry.
- This series covers over 20,000 travel agency businesses in the U.S.
- Output in this sector was significantly impacted by the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production and sales volumes of businesses primarily engaged in providing travel agency services in the United States.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this trend provides insight into the performance and health of the travel and tourism industry, which is an important component of the overall U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of businesses in the travel agency industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the state of the travel and tourism sector and its broader economic implications.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and publication due to the time required to collect and process information from businesses in this industry.
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Citation
U.S. Federal Reserve, Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Agencies (NAICS 56151) in the United States (IPUPN56151T301000000), retrieved from FRED.