Total Revenue for Other Automotive Mechanical and Electrical Repair and Maintenance, All Establishments, Employer Firms
This dataset tracks total revenue for other automotive mechanical and electrical repair and maintenance, all establishments, employer firms over time.
Latest Value
2424.00
Year-over-Year Change
22.24%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for establishments providing other automotive mechanical and electrical repair and maintenance services across the United States. It serves as an important indicator of activity and demand in the automotive services 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 Other Automotive Mechanical and Electrical Repair and Maintenance, All Establishments, Employer Firms data series tracks the total sales and receipts for businesses in the NAICS 811118 industry code. This provides insight into the overall size and performance of the automotive repair and maintenance sector.
Methodology
The data is collected through the U.S. Census Bureau's Annual Survey of Manufactures.
Historical Context
This metric is closely watched by economists, industry analysts, and policymakers to gauge the health of the automotive services market.
Key Facts
- Covers over 150,000 automotive repair and maintenance businesses in the U.S.
- Revenue in this sector totaled $145 billion in the latest year of data.
- Has grown at an average annual rate of 2.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total revenue or sales and receipts for establishments providing other automotive mechanical and electrical repair and maintenance services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall size, performance, and demand for automotive repair and maintenance services, which is a key component of the broader automotive industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through the Annual Survey of Manufactures.
Q: How is this trend used in economic policy?
A: Economists, industry analysts, and policymakers closely monitor this data to gauge the health of the automotive services market and its implications for consumer spending, employment, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
Related News
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
U.S. Stock Markets Hit Record Highs Amid Nvidia, OpenAI Partnership
Nvidia's OpenAI Partnership Excites U.S. Markets The unprecedented performance of the U.S. stock markets can be largely attributed to Nvidia's exciting partnership with OpenAI. This collaboration is not only setting new records for Nvidia shares but is also invigorating other tech stocks, leading to historic highs in indices like the Dow Jones, S&P 500, and Nasdaq. Record-high stocks signify significant investment opportunities, underscored by revolutionary artificial intelligence innovations.
US homeowners refinance as mortgage rates fall
How Lower Mortgage Rates Are Encouraging Mortgage Refinancing With mortgage refinancing becoming increasingly attractive, US homeowners are seizing the opportunity to lower their interest rates and save money. Mortgage refinancing, the process of replacing an existing loan with a new one, is gaining traction as a smart financial move. This interest is fueled by the recent fall in mortgage rates, a significant factor reshaping the US housing market. Lower mortgage rates, alongside other economic
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Total Revenue for Other Automotive Mechanical and Electrical Repair and Maintenance, All Establishments, Employer Firms (REVEF811118ALLEST), retrieved from FRED.