Total Revenue for Used Household and Office Goods Moving, All Establishments, Employer Firms
This dataset tracks total revenue for used household and office goods moving, all establishments, employer firms over time.
Latest Value
21968.00
Year-over-Year Change
77.72%
Date Range
1/1/1998 - 1/1/2022
Summary
This trend measures the total revenue generated by establishments that sell used household and office goods, including furniture, appliances, and other equipment. It provides insight into the secondhand goods market and consumer demand for pre-owned items.
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 Used Household and Office Goods Moving, All Establishments, Employer Firms trend tracks the total sales revenue of businesses that resell previously owned consumer and commercial products. This metric is used by economists to gauge the strength of the secondary market and consumer preferences for purchasing refurbished or secondhand goods.
Methodology
The data is collected through surveys of U.S. retail establishments by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding consumer behavior, the circular economy, and the overall health of the used goods sector.
Key Facts
- Revenue from used household and office goods has trended upward since the 2008 recession.
- The COVID-19 pandemic led to a spike in demand for secondhand goods in 2020.
- Resale is a rapidly growing segment of the retail industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. establishments that sell used household and office goods, including furniture, appliances, and other pre-owned consumer and commercial products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the secondhand goods market and consumer demand for refurbished or previously owned items, which is an important indicator of broader economic and sustainability trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. retail establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor consumer behavior, the circular economy, and the overall health of the used goods sector, which has implications for employment, sustainability, and economic growth.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the survey collection process.
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Citation
U.S. Federal Reserve, Total Revenue for Used Household and Office Goods Moving, All Establishments, Employer Firms (REVEF48421ALLEST), retrieved from FRED.