Revenue for Limited-Service Restaurants, All Establishments, Employer Firms
LRRAEEF2722513 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
367,222.00
Year-over-Year Change
89.40%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for limited-service restaurants, which includes fast food and quick-service establishments. It provides insights into consumer spending patterns and the health of the restaurant 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 Revenue for Limited-Service Restaurants, All Establishments, Employer Firms metric tracks monthly total sales and receipts for restaurants that provide limited table service. This data is widely used by economists and policymakers to analyze consumer behavior, inflation, and broader economic conditions.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to gauge consumer demand and inflationary pressures.
Key Facts
- Limited-service restaurants account for over half of total U.S. restaurant sales.
- This metric has shown strong growth since the COVID-19 pandemic as consumer preferences shifted.
- Restaurant revenues are a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks monthly total sales and receipts for limited-service restaurants, which include fast food and quick-service establishments.
Q: Why is this trend relevant for users or analysts?
A: Restaurant revenues are a key indicator of consumer spending and a vital component of the broader economy, making this metric important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this metric to gauge consumer demand and assess inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The data is released with a lag of approximately two months, and it may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Revenue for Limited-Service Restaurants, All Establishments, Employer Firms (LRRAEEF2722513), retrieved from FRED.