Total Revenue for Other Commercial and Industrial Machinery and Equipment Rental and Leasing, All Establishments, Employer Firms
This dataset tracks total revenue for other commercial and industrial machinery and equipment rental and leasing, all establishments, employer firms over time.
Latest Value
44505.00
Year-over-Year Change
122.36%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for the rental and leasing of other commercial and industrial machinery and equipment by all employer firms in the United States. It provides insights into the health and activity of this crucial commercial equipment 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 for Other Commercial and Industrial Machinery and Equipment Rental and Leasing, All Establishments, Employer Firms trend tracks the total revenue generated by businesses that rent or lease machinery and equipment to other commercial and industrial entities. This metric serves as an indicator of economic activity and demand for capital equipment.
Methodology
The data is collected through surveys by the U.S. Census Bureau.
Historical Context
This trend is closely watched by policymakers, industry analysts, and investors to gauge the state of the commercial equipment rental and leasing market.
Key Facts
- The rental and leasing industry accounts for over $50 billion in annual revenue.
- Equipment rental is a leading indicator of business investment and economic growth.
- The COVID-19 pandemic significantly disrupted this industry in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses that rent or lease commercial and industrial machinery and equipment to other organizations in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and activity of the commercial equipment rental and leasing industry, which is an important indicator of business investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this trend to gauge the state of the commercial equipment rental and leasing market, which can inform economic forecasts and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a slight delay in reporting compared to real-time economic activity.
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Citation
U.S. Federal Reserve, Total Revenue for Other Commercial and Industrial Machinery and Equipment Rental and Leasing, All Establishments, Employer Firms (REVEF53249ALLEST), retrieved from FRED.