Real Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States
IPUUN812320T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.27
Year-over-Year Change
-27.32%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures real sectoral output for drycleaning and laundry services (except coin-operated) in the United States. It provides insight into the performance and productivity of this service 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 Real Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) trend tracks the real volume of output for this specific service sector. It is a key indicator of economic activity and productivity in the laundry and drycleaning industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
This trend is used by economists and policymakers to monitor the health and performance of the laundry and drycleaning services sector.
Key Facts
- The laundry and drycleaning industry employed over 400,000 workers in the U.S. as of 2021.
- Output in this sector grew by 3.2% in 2022 compared to the previous year.
- The industry is dominated by small businesses, with over 80% of firms having fewer than 20 employees.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real volume of output for the drycleaning and laundry services (except coin-operated) industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the productivity and performance of the laundry and drycleaning services sector, which is an important part 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.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the health and activity of the laundry and drycleaning services industry, which can inform decisions related to employment, regulations, and economic stimulus.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Other Services (Except Public Administration): Drycleaning and Laundry Services (Except Coin-Operated) (NAICS 812320) in the United States (IPUUN812320T010000000), retrieved from FRED.