Total Revenue for Recreational Goods Rental, Establishments Subject to Federal Income Tax, Employer Firms
REVEF532292TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,287.00
Year-over-Year Change
211.16%
Date Range
1/1/2007 - 1/1/2022
Summary
This economic trend measures the total revenue for recreational goods rental establishments that are subject to federal income tax and have employees. It provides insights into the financial performance and economic activity within the recreational goods rental 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 Recreational Goods Rental, Establishments Subject to Federal Income Tax, Employer Firms trend tracks the revenue generated by businesses that rent out recreational equipment and goods, such as sporting goods, bicycles, or party supplies. This metric is useful for analyzing trends in consumer spending, the health of the leisure and hospitality sector, and broader economic conditions.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
This trend is relevant for policymakers, industry analysts, and investors monitoring the recreational goods rental market and its impact on the overall economy.
Key Facts
- The recreational goods rental industry generates over $20 billion in annual revenue.
- Rental of sporting equipment, such as bicycles and camping gear, accounts for the largest share of this industry.
- The COVID-19 pandemic had a significant impact on the recreational goods rental sector, with revenue declining by over 30% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses that rent out recreational goods and equipment, such as sporting goods, bicycles, and party supplies.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns, the overall health of the leisure and hospitality sector, and broader economic conditions, making it useful for policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to monitor the recreational goods rental industry and its impact on the broader economy, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Census Bureau's surveys, which may result in occasional delays or minor changes to the reported figures.
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Citation
U.S. Federal Reserve, Total Revenue for Recreational Goods Rental, Establishments Subject to Federal Income Tax, Employer Firms (REVEF532292TAXABL), retrieved from FRED.