Quarterly Financial Report: U.S. Corporations: All Professional and Technical Services, Except Legal Services: All Other Noncurrent Assets
QFRD222PTSUSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,229,555.00
Year-over-Year Change
4.97%
Date Range
10/1/2009 - 1/1/2025
Summary
This economic indicator tracks noncurrent assets for professional and technical services corporations in the United States, excluding legal services. It provides insights into long-term asset investments and financial health of a critical sector of the professional services 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 trend represents accumulated long-term assets that are not expected to be converted to cash within one year, such as property, equipment, and strategic investments. Economists analyze this metric to understand capital allocation, investment strategies, and potential economic growth in professional services.
Methodology
Data is collected through quarterly financial reports submitted by corporations and aggregated by the U.S. Federal Reserve.
Historical Context
This indicator is used by policymakers, investors, and economic analysts to assess sectoral investment trends and potential economic performance.
Key Facts
- Tracks long-term assets in professional and technical services sectors
- Excludes legal services from the analysis
- Provides quarterly snapshot of corporate asset investments
FAQs
Q: What does 'noncurrent assets' mean?
A: Noncurrent assets are long-term investments that are not expected to be converted to cash within one year, such as property, equipment, and strategic investments.
Q: Why are professional services assets important?
A: These assets indicate the investment capacity and financial health of professional service corporations, which are crucial to economic growth and innovation.
Q: How often is this data updated?
A: The data is updated quarterly, providing a regular snapshot of asset trends in the professional services sector.
Q: Who uses this economic indicator?
A: Investors, economists, policymakers, and business strategists use this indicator to assess sector-specific investment trends and economic performance.
Q: What limitations exist in this data?
A: The data excludes legal services and represents a snapshot of reported assets, which may not capture all nuanced investment activities.
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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 Noncurrent Assets [QFRD222PTSUSNO], retrieved from FRED.
Last Checked: 8/1/2025