Total Revenue for Consumer Electronics Repair and Maintenance, All Establishments, Employer Firms
REVEF811211ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,695.00
Year-over-Year Change
-18.12%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by U.S. consumer electronics repair and maintenance establishments, providing insights into the overall health and activity of this 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 consumer electronics repair and maintenance establishments is an important indicator of consumer demand and spending patterns in this sector. It can help economists and policymakers understand broader trends in consumer behavior and the state of the electronics repair market.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This metric is relevant for analyzing consumer spending, retail trends, and the broader service economy.
Key Facts
- Total revenue peaked in 2019 at over $8 billion.
- The industry saw a decline in revenue during the COVID-19 pandemic.
- Consumer electronics repair and maintenance accounts for a small but important part of the U.S. service economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. establishments engaged in the repair and maintenance of consumer electronics, such as TVs, computers, and smartphones.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the overall health of the consumer electronics repair and maintenance industry, which is an important part of the broader service economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to better understand consumer behavior, retail trends, and the service sector of the economy.
Q: Are there update delays or limitations?
A: The data is released with a lag, and there may be limitations in capturing the full scope of the industry due to the difficulty of surveying all relevant establishments.
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Citation
U.S. Federal Reserve, Total Revenue for Consumer Electronics Repair and Maintenance, All Establishments, Employer Firms (REVEF811211ALLEST), retrieved from FRED.