Total Revenue for Construction, Transportation, Mining, and forestry Machinery and Equipment Rental and Leasing, Establishments Subject to Federal Income Tax, Employer Firms
This dataset tracks total revenue for construction, transportation, mining, and forestry machinery and equipment rental and leasing, establishments subject to federal income tax, 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 in the construction, transportation, mining, and forestry machinery and equipment rental and leasing industry. It provides insight into the health and activity of this important economic 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 metric tracks the overall sales and business volume for companies that rent and lease machinery and equipment for these key industries. This data offers analysts and policymakers a window into investment, production, and economic conditions in these capital-intensive sectors.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This revenue trend is closely watched by economists and industry analysts to assess business investment, infrastructure activity, and broader macroeconomic conditions.
Key Facts
- This industry represents over $50 billion in annual revenue.
- Rental and leasing is a key enabler for capital-intensive industries.
- Trends in this data track closely with broader infrastructure and manufacturing activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue for U.S. establishments that rent and lease construction, transportation, mining, and forestry machinery and equipment.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric provides important insights into investment, production, and economic conditions in these capital-intensive industries, which are key drivers of broader macroeconomic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and industry analysts closely monitor this revenue trend to assess business investment, infrastructure activity, and broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis with a typical 2-month publication lag.
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Citation
U.S. Federal Reserve, Total Revenue for Construction, Transportation, Mining, and forestry Machinery and Equipment Rental and Leasing, Establishments Subject to Federal Income Tax, Employer Firms (REVEF53241TAXABL), retrieved from FRED.