Quarterly Financial Report: U.S. Corporations: All Professional and Technical Services, Except Legal Services: All Other Operating Costs and Expenses
QFR103PTSUSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
210,829.00
Year-over-Year Change
9.13%
Date Range
10/1/2009 - 1/1/2025
Summary
This economic indicator tracks quarterly operating expenses for professional and technical services sectors excluding legal services. It provides critical insights into cost structures and operational efficiency for a significant segment of the U.S. service economy.
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 trend represents aggregate operating expenses across professional and technical service industries, reflecting broader economic dynamics and business cost management strategies. Economists analyze this metric to understand sectoral spending patterns, operational trends, and potential productivity indicators.
Methodology
Data is collected through comprehensive quarterly financial surveys of U.S. corporations in professional and technical service sectors, compiled and standardized by federal economic research agencies.
Historical Context
This metric is used by policymakers, investors, and economic researchers to assess service sector health, cost pressures, and potential indicators of business investment and economic performance.
Key Facts
- Covers professional and technical services excluding legal sectors
- Provides quarterly snapshot of operating expense trends
- Reflects broader economic conditions and business cost management
FAQs
Q: What industries are included in this economic indicator?
A: The indicator covers professional and technical service industries such as consulting, scientific research, architectural services, and technical consulting, excluding legal services.
Q: How frequently is this data updated?
A: The data is updated quarterly, providing a current view of operating expenses in professional and technical service sectors.
Q: Why are operating costs important for economic analysis?
A: Operating costs reveal business spending patterns, efficiency levels, and potential economic pressures that can indicate broader economic trends and sectoral performance.
Q: How do changes in this indicator impact economic policy?
A: Significant shifts in operating costs can inform policy decisions related to business support, taxation, and economic stimulus strategies.
Q: What are the limitations of this economic indicator?
A: The data represents aggregate trends and may not capture individual company variations or specific subsector nuances within professional and technical services.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: All Professional and Technical Services, Except Legal Services: All Other Operating Costs and Expenses [QFR103PTSUSNO], retrieved from FRED.
Last Checked: 8/1/2025