Total Revenue for Engineering Services, Establishments Subject to Federal Income Tax
REV54133TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,105.00
Year-over-Year Change
29.21%
Date Range
7/1/2006 - 1/1/2025
Summary
This economic trend measures the total revenue generated by engineering services establishments subject to federal income tax in the United States. It provides insight into the overall performance and activity of the engineering 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 Total Revenue for Engineering Services, Establishments Subject to Federal Income Tax trend is a key indicator of the economic health and demand for engineering services in the U.S. It tracks the total sales and receipts from businesses primarily engaged in providing engineering services, which are essential for infrastructure development, technology innovation, and economic growth.
Methodology
The data is collected through surveys of engineering services businesses and compiled by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the state of the engineering services sector and its broader implications for the U.S. economy.
Key Facts
- Engineering services account for over $300 billion in annual revenue in the U.S.
- The industry employs more than 1.6 million people nationwide.
- Revenue from engineering services has grown by over 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by engineering services establishments subject to federal income tax in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the overall performance and activity of the engineering services industry, which is a key driver of economic growth and infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of engineering services businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to assess the state of the engineering services sector and its broader implications for the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical lag of several months.
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Citation
U.S. Federal Reserve, Total Revenue for Engineering Services, Establishments Subject to Federal Income Tax (REV54133TAXABL144QNSA), retrieved from FRED.