Total Revenue for Construction, Transportation, Mining, and forestry Machinery and Equipment Rental and Leasing, All Establishments, Employer Firms
This dataset tracks total revenue for construction, transportation, mining, and forestry machinery and equipment rental and leasing, all establishments, employer firms over time.
Latest Value
45447.00
Year-over-Year Change
97.49%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for establishments engaged in the rental and leasing of construction, transportation, mining, and forestry machinery and equipment. It provides insight into the demand and activity levels of these key industries.
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 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing series tracks the financial performance of firms that rent and lease heavy machinery and equipment across these core economic sectors. It serves as an important indicator of investment, production, and overall economic conditions.
Methodology
This data is collected by the U.S. Census Bureau through surveys of employer firms in the relevant industries.
Historical Context
Economists and policymakers monitor this trend to assess capital expenditure, infrastructure investment, and the health of construction, mining, and transportation industries.
Key Facts
- This series covers over 25,000 establishments.
- Revenue peaked at $57.3 billion in 2019 before declining in 2020.
- The rental and leasing industry employs over 500,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by establishments engaged in the rental and leasing of construction, transportation, mining, and forestry machinery and equipment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the demand and activity levels across key industries like construction, mining, and transportation, which are important drivers of economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of employer firms in the relevant industries.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess capital expenditure, infrastructure investment, and the health of construction, mining, and transportation industries.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Total Revenue for Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, All Establishments, Employer Firms (REVEF53241ALLEST), retrieved from FRED.