Quarterly Financial Report: U.S. Corporations: All Other Professional and Technical Services, Except Legal Services: Trade Accounts and Trade Notes Receivable (Less Allowance for Doubtful Accounts)
QFRD213549USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,999.00
Year-over-Year Change
7.75%
Date Range
10/1/2009 - 1/1/2025
Summary
This economic indicator tracks trade accounts and notes receivable for professional and technical services sectors, excluding legal services. It provides insights into the financial health and cash flow dynamics of these service-oriented businesses.
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 metric represents the outstanding receivables that companies in professional and technical services have from their clients, reflecting their billing and collection performance. Economists use this data to assess sector-specific financial liquidity and potential economic stress points.
Methodology
Data is collected through quarterly financial surveys of U.S. corporations, aggregating trade accounts and notes receivable while accounting for potential doubtful accounts.
Historical Context
This indicator helps policymakers and financial analysts understand service sector financial trends, credit conditions, and potential leading indicators of economic performance.
Key Facts
- Measures outstanding receivables in professional and technical service industries
- Excludes legal services sector specifically
- Provides quarterly snapshot of financial performance
FAQs
Q: What does this economic indicator measure?
A: It tracks trade accounts and notes receivable for professional and technical service companies, indicating their billing and collection performance.
Q: Why are receivables important for economic analysis?
A: Receivables reflect business cash flow, credit conditions, and potential financial stress in service sectors.
Q: How frequently is this data updated?
A: The data is collected and reported on a quarterly basis by the U.S. Federal Reserve.
Q: What industries are included in this metric?
A: All professional and technical service industries are included, except for legal services.
Q: How can businesses use this information?
A: Companies can benchmark their receivables performance against industry averages and assess broader economic trends.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: All Other Professional and Technical Services, Except Legal Services: Trade Accounts and Trade Notes Receivable (Less Allowance for Doubtful Accounts) [QFRD213549USNO], retrieved from FRED.
Last Checked: 8/1/2025