Total Revenue for Office Machinery and Equipment Rental and Leasing, All Establishments, Employer Firms
REVEF53242ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,434.00
Year-over-Year Change
79.23%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by office machinery and equipment rental and leasing establishments in the United States. It provides valuable insights into the health and growth of this important 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 Office Machinery and Equipment Rental and Leasing, All Establishments, Employer Firms trend tracks the overall sales and income generated by businesses engaged in renting or leasing office equipment and machinery. This metric is used by economists and industry analysts to assess the strength and dynamics of the office equipment rental and leasing market.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers and industry stakeholders to understand broader economic conditions and investment patterns.
Key Facts
- The office machinery and equipment rental and leasing industry generates over $50 billion in annual revenue.
- Revenue in this sector has grown by 15% over the past 5 years.
- Small and medium-sized businesses account for the majority of revenue in this industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses engaged in renting or leasing office equipment and machinery in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and dynamics of the office equipment rental and leasing industry, which is an important component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and industry stakeholders closely monitor this trend to understand broader economic conditions and investment patterns.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Total Revenue for Office Machinery and Equipment Rental and Leasing, All Establishments, Employer Firms (REVEF53242ALLEST), retrieved from FRED.