Total Revenue for Car Washes, All Establishments, Employer Firms
REVEF811192ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,268.00
Year-over-Year Change
164.48%
Date Range
1/1/1998 - 1/1/2022
Summary
The 'Total Revenue for Car Washes, All Establishments, Employer Firms' economic trend measures the total revenue generated by car wash businesses across the United States. This metric is a key indicator of activity and demand in the car wash 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
This economic series tracks the total revenue reported by car wash establishments that have paid employees, providing insight into the overall financial performance and economic impact of the car wash sector. It is a useful data point for analyzing consumer spending patterns and the health of the automotive services industry.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts monitor this trend to better understand consumer behavior and assess the broader economic landscape.
Key Facts
- Car washes are a $28 billion industry in the U.S.
- The sector employs over 350,000 workers nationwide.
- 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 car wash businesses across the United States that have paid employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of the automotive services industry, which is valuable for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to better understand consumer behavior and assess the broader economic landscape.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of this data by the Census Bureau.
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Citation
U.S. Federal Reserve, Total Revenue for Car Washes, All Establishments, Employer Firms (REVEF811192ALLEST), retrieved from FRED.