Total Revenue for Record Production, All Establishments, Employer Firms
This dataset tracks total revenue for record production, all establishments, employer firms over time.
Latest Value
552.00
Year-over-Year Change
91.00%
Date Range
1/1/2002 - 1/1/2022
Summary
The 'Total Revenue for Record Production, All Establishments, Employer Firms' measures revenue from record production activities across all employer establishments in the United States. This metric provides insight into the economic health and trends of the recording 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
This economic series tracks the total revenue generated by employer firms engaged in record production, which includes businesses that operate recording studios, provide audio engineering services, and produce master recordings. It serves as an important indicator of activity and demand in the music recording sector.
Methodology
The data is collected through the U.S. Census Bureau's Annual Survey of Manufactures.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and investors to gauge the performance and outlook of the recording industry.
Key Facts
- Record production revenue has trended upward since 2010.
- The recording industry accounts for over $10 billion in annual revenue.
- Independent music labels generate a significant portion of total revenue.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total revenue generated by employer firms engaged in record production activities in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic health and performance of the recording industry, which is an important sector of the entertainment and media landscape.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Annual Survey of Manufactures.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this metric to gauge the overall performance and outlook of the recording industry, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the end of the reference period and the release of the data, as it is collected through an annual survey.
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Citation
U.S. Federal Reserve, Total Revenue for Record Production, All Establishments, Employer Firms (REVEF51221ALLEST), retrieved from FRED.