Total Revenue for Commercial and Industrial Machinery and Equipment (Except Automotive and Electronic) Repair and Maintenance, Establishments Subject to Federal Income Tax
REV81131TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,834.00
Year-over-Year Change
25.25%
Date Range
1/1/2009 - 1/1/2025
Summary
This economic trend measures the total revenue for commercial and industrial machinery and equipment (excluding automotive and electronic) repair and maintenance establishments subject to federal income tax. It provides insight into the overall activity and health of this important industrial 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 Commercial and Industrial Machinery and Equipment (Except Automotive and Electronic) Repair and Maintenance, Establishments Subject to Federal Income Tax trend tracks the quarterly revenue generated by businesses that repair and maintain machinery and equipment used in commercial and industrial applications. This data point is a key indicator of demand for these specialized repair services.
Methodology
The data is collected through surveys of businesses in this industry sector.
Historical Context
Economists and policymakers monitor this trend to assess the state of the industrial machinery services market and broader economic conditions.
Key Facts
- Quarterly data available since 1998.
- Measures revenue for over 36,000 establishments.
- Sector accounts for over $50 billion in annual revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by commercial and industrial machinery and equipment (excluding automotive and electronic) repair and maintenance establishments that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the overall health and activity of a key industrial services sector, which is an important indicator of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in this industry sector.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the state of the industrial machinery services market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Total Revenue for Commercial and Industrial Machinery and Equipment (Except Automotive and Electronic) Repair and Maintenance, Establishments Subject to Federal Income Tax (REV81131TAXABL144QNSA), retrieved from FRED.