Total Revenue for Automotive Body, Paint, Interior Repair and Maintenance, All Establishments, Employer Firms
REVEF811121ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,348.00
Year-over-Year Change
116.52%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue for automotive body, paint, interior repair, and maintenance establishments. It provides insight into the overall health and activity of the auto repair 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 automotive body, paint, interior repair, and maintenance establishments is an important economic indicator that reflects the demand for vehicle maintenance and repair services. It can be used to analyze trends in consumer spending, automotive industry activity, and broader economic conditions.
Methodology
The data is collected through surveys of employer firms in the automotive repair and maintenance industry.
Historical Context
This trend is closely watched by economists, policymakers, and industry analysts to gauge consumer behavior and the overall state of the automotive sector.
Key Facts
- Auto repair revenue totaled $145 billion in 2021.
- The industry employs over 900,000 workers across the U.S.
- Revenue has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by automotive body, paint, interior repair, and maintenance establishments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending on vehicle repair and maintenance, which is an important indicator of broader economic conditions and the health of the automotive industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the automotive repair and maintenance industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge consumer behavior, automotive industry activity, and the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Total Revenue for Automotive Body, Paint, Interior Repair and Maintenance, All Establishments, Employer Firms (REVEF811121ALLEST), retrieved from FRED.