Total Revenue for Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax
REV54TAXABL144QSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
755,459.00
Year-over-Year Change
19.48%
Date Range
7/1/2006 - 1/1/2025
Summary
This economic trend measures the total revenue generated by professional, scientific, and technical services establishments that are subject to federal income tax. It provides insight into the financial health and growth of this key services sector.
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 professional, scientific, and technical services establishments subject to federal income tax is an important indicator of activity and demand in this diverse industry, which includes legal, accounting, consulting, engineering, and research services. This metric helps economists and policymakers assess broader economic conditions and trends.
Methodology
The data is collected through surveys of a representative sample of businesses.
Historical Context
This trend is closely watched by industry analysts, investors, and policymakers to gauge the performance of this services-oriented sector.
Key Facts
- This metric covers a broad range of professional and technical service industries.
- Revenue growth in this sector often signals broader economic expansion.
- The data is reported quarterly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by professional, scientific, and technical services establishments that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and growth of a key services sector, which helps economists and policymakers assess broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of a representative sample of businesses.
Q: How is this trend used in economic policy?
A: This trend is closely watched by industry analysts, investors, and policymakers to gauge the performance of this services-oriented sector.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Total Revenue for Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax (REV54TAXABL144QSA), retrieved from FRED.