Total Revenue for Interior Design Services, All Establishments, Employer Firms
REVEF54141ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,278.00
Year-over-Year Change
192.36%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by interior design services establishments in the United States. It provides insights into the overall demand and economic activity within the interior design 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 Interior Design Services, All Establishments, Employer Firms metric tracks the aggregate revenue earned by U.S. interior design service providers, including both residential and commercial design firms. This data is a key indicator of the health and performance of the interior design sector.
Methodology
The data is collected by the U.S. Census Bureau through surveys of employer firms in the interior design services industry.
Historical Context
Economists and policymakers use this trend to assess the state of the interior design market and its contribution to the broader economy.
Key Facts
- The interior design services industry generated over $16 billion in revenue in the latest year.
- Revenue for interior design firms has grown by 20% over the past 5 years.
- Commercial and residential interior design are the two largest revenue segments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by interior design services establishments in the United States, including both residential and commercial design firms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall demand and performance of the interior design industry, which is a key component of the broader professional services sector.
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 interior design services industry.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the state of the interior design market and its contribution to the broader economy, which can inform decisions related to industry regulation, taxation, and economic development programs.
Q: Are there update delays or limitations?
A: There may be a several month delay in the publication of this data due to the time required for the Census Bureau to collect and process the survey information from interior design firms.
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Citation
U.S. Federal Reserve, Total Revenue for Interior Design Services, All Establishments, Employer Firms (REVEF54141ALLEST), retrieved from FRED.