Total Revenue for Commercial and Industrial Machinery and Equipment Excluding Automotive and Electronic Repair and Maintenance, All Establishments, Employer Firms
This dataset tracks total revenue for commercial and industrial machinery and equipment excluding automotive and electronic repair and maintenance, all establishments, employer firms over time.
Latest Value
51656.00
Year-over-Year Change
109.79%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by commercial and industrial machinery and equipment repair and maintenance establishments, excluding automotive and electronic repair. It provides insights into the health and activity of this key industrial sector.
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 Commercial and Industrial Machinery and Equipment Excluding Automotive and Electronic Repair and Maintenance metric tracks the sales and service income of companies that repair and maintain machinery used in commercial and industrial applications. This data point is an important indicator of economic activity and investment in the industrial and manufacturing segments.
Methodology
The data is collected through surveys of businesses in this industry sector.
Historical Context
Policymakers and economists monitor this trend to assess the state of the industrial economy and investment in capital equipment.
Key Facts
- The data covers over 40,000 establishments in this industry.
- Revenue in this sector has grown by over 20% since 2015.
- Repair and maintenance activities comprise a significant portion of the industrial economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total revenue generated by companies that repair and maintain commercial and industrial machinery and equipment, excluding automotive and electronic repair.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of the industrial machinery repair and maintenance sector, which is an important indicator of capital investment and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in this industry sector.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the state of the industrial economy and investment in capital equipment.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Total Revenue for Commercial and Industrial Machinery and Equipment Excluding Automotive and Electronic Repair and Maintenance, All Establishments, Employer Firms (REVEF8113ALLEST), retrieved from FRED.