Total Revenue for Promoters of Performing Arts, Sports, and Similar Events, Establishments Subject to Federal Income Tax
Percent Change, Not Seasonally Adjusted
REV7113TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-18.50
Year-over-Year Change
-17.78%
Date Range
4/1/2009 - 1/1/2025
Summary
This economic trend measures the quarterly percent change in revenue from state and local sales taxes, providing insights into consumer spending and economic activity.
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 'Percent Change, Not Seasonally Adjusted' trend tracks the quarterly percentage change in state and local sales tax revenue, offering a gauge of consumer demand and overall economic conditions.
Methodology
The data is collected from state and local government revenue sources by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by economists and policymakers to assess the health of the consumer sector and broader economic trends.
Key Facts
- Sales tax revenue accounts for over $1 trillion in state and local government funding annually.
- The percent change in sales tax revenue often leads changes in GDP and other economic measures.
- This trend provides a timely, high-frequency indicator of consumer demand and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in state and local sales tax revenue, which serves as a proxy for consumer spending and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend offers a real-time, high-frequency indicator of consumer demand and economic conditions, making it a valuable tool for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected from state and local government revenue sources by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to assess the health of the consumer sector and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a moderate delay, and can be subject to revisions as state and local governments finalize their revenue reports.
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Citation
U.S. Federal Reserve, Percent Change, Not Seasonally Adjusted (REV7113TAXABL157QNSA), retrieved from FRED.