Total Revenue for Automotive Body, Paint, Interior Repair and Maintenance, Establishments Subject to Federal Income Tax, Employer Firms
REVEF811121TAXABL • 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 subject to federal income tax. It provides insights into the financial health and economic activity of the automotive 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 subject to federal income tax is an important indicator of the overall performance and demand in the automotive repair services sector. This metric can be used to analyze industry trends, assess the impact of economic conditions, and inform business and policy decisions.
Methodology
The data is collected through surveys of employer firms in the automotive repair industry.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to monitor the state of the automotive repair market and its contribution to the broader economy.
Key Facts
- The automotive repair industry generates over $200 billion in annual revenue.
- Revenue in the industry has grown by over 20% in the past decade.
- The industry employs more than 1 million workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue for automotive body, paint, interior repair, and maintenance establishments that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the financial health and economic activity of the automotive repair industry, which is an important sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the automotive repair industry.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor the state of the automotive repair market and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in the release of the latest information.
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Citation
U.S. Federal Reserve, Total Revenue for Automotive Body, Paint, Interior Repair and Maintenance, Establishments Subject to Federal Income Tax, Employer Firms (REVEF811121TAXABL), retrieved from FRED.