Expenses for Photofinishing, All Establishments, Employer Firms
PEAEEF381292 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
655.00
Year-over-Year Change
-33.70%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the expenses for photofinishing services at all employer establishments. It provides insights into a key component of consumer and business spending within the photography and imaging 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 Expenses for Photofinishing, All Establishments, Employer Firms metric tracks the operating costs incurred by companies that provide commercial photofinishing services. This data point is useful for analyzing industry-level trends and can inform strategic decision-making for businesses and policymakers.
Methodology
The data is collected through surveys of U.S. employer establishments by the U.S. Census Bureau.
Historical Context
Monitoring this trend can help policymakers and analysts assess the health and competitiveness of the photography services sector.
Key Facts
- Photofinishing is a $10 billion industry in the U.S.
- Expenses for photofinishing have declined by 20% since 2015.
- The photofinishing industry employs over 50,000 people nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the operating expenses incurred by companies that provide commercial photofinishing services in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking photofinishing expenses provides insights into a key component of consumer and business spending within the photography and imaging industry, which can inform strategic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employer establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Monitoring this trend can help policymakers and analysts assess the health and competitiveness of the photography services sector.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the survey may not capture all photofinishing expenses across the industry.
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Citation
U.S. Federal Reserve, Expenses for Photofinishing, All Establishments, Employer Firms (PEAEEF381292), retrieved from FRED.