Total Revenue for Automotive Repair and Maintenance, Establishments Subject to Federal Income Tax
REV8111TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,319.00
Year-over-Year Change
15.85%
Date Range
1/1/2009 - 1/1/2025
Summary
This economic indicator measures the total revenue generated by automotive repair and maintenance establishments subject to federal income tax in the United States. It provides insights into the health and activity of the automotive 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 Automotive Repair and Maintenance, Establishments Subject to Federal Income Tax is a key metric for evaluating the economic performance of the automotive repair and maintenance sector. It reflects the overall demand for these services and can signal shifts in consumer spending and automotive ownership trends.
Methodology
The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of businesses.
Historical Context
This trend is closely monitored by economists, industry analysts, and policymakers to assess the broader state of the automotive industry and consumer spending patterns.
Key Facts
- The data is reported on a quarterly basis.
- Revenue growth in this sector can signal increased consumer spending.
- Declines may indicate broader economic challenges or shifts in consumer behavior.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total revenue generated by automotive repair and maintenance establishments subject to federal income tax in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and activity of the automotive services industry, which is an important component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of businesses.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, industry analysts, and policymakers to assess the broader state of the automotive industry and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a typical delay of several weeks after the end of the quarter.
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Citation
U.S. Federal Reserve, Total Revenue for Automotive Repair and Maintenance, Establishments Subject to Federal Income Tax (REV8111TAXABL144QNSA), retrieved from FRED.