Total Revenue for Other Automotive Mechanical and Electrical Repair and Maintenance, All Establishments, Employer Firms
REVEF811118ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,424.00
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 Trends
Total Revenue for Other Financial Investment Activities, Establishments Subject to Federal Income Tax
REV5239TAXABL157QNSA
Total Revenue for Fitness and Recreational Sports Centers, All Establishments, Employer Firms
REVEF71394ALLEST
Sources of Revenue: Application Software Publishing - General Business Productivity and Home Use Applications for Software Publishers, All Establishments, Employer Firms
REVGBPEF5112ALLEST
Total Revenue for Motion Picture and Sound Recording Industries, Establishments Subject to Federal Income Tax
REV512TAXABL144QNSA
Total Revenue for Outpatient Mental Health and Substance Abuse Centers, Establishments Exempt from Federal Income Tax, Employer Firms
REVEF62142TAXEPT
Total Revenue for Couriers and Express Delivery Services, All Establishments, Employer Firms
REVEF4921ALLEST
Citation
U.S. Federal Reserve, Total Revenue for Other Automotive Mechanical and Electrical Repair and Maintenance, All Establishments, Employer Firms (REVEF811118ALLEST), retrieved from FRED.