Sectoral Output for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States
IPUUN81221T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,079.00
Year-over-Year Change
36.89%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the output of the funeral homes and funeral services industry in the United States. It is an important indicator for understanding the health and activity of the broader service 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 Sectoral Output for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) trend provides a measure of the production and sales volumes for this specific industry. It offers insights into consumer demand and the overall economic conditions impacting this service-oriented business.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industry participants.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor the performance and outlook for the funeral services sector.
Key Facts
- The funeral services industry accounts for over $20 billion in annual revenue in the U.S.
- Funeral homes and crematoriums make up the largest segment of this industry.
- Demand for funeral services is relatively inelastic and less impacted by economic cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output and production volumes of the funeral homes and funeral services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and outlook of the funeral services sector, which is a key component of the broader service industry.
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 industry participants.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the health and activity of the funeral services industry, which can provide signals about consumer demand and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Federal Reserve, but may be subject to revisions or delays in reporting from industry sources.
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Citation
U.S. Federal Reserve, Sectoral Output for Other Services (Except Public Administration): Funeral Homes and Funeral Services (NAICS 81221) in the United States (IPUUN81221T300000000), retrieved from FRED.