Total Revenue for Reupholstery and Furniture Repair, All Establishments, Employer Firms
REVEF81142ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,311.00
Year-over-Year Change
42.04%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by reupholstery and furniture repair establishments in the United States. It provides insight into the overall health and activity of this specialized service 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 Reupholstery and Furniture Repair, All Establishments, Employer Firms metric tracks the aggregate sales and receipts for businesses that primarily engage in repairing and reupholstering furniture. This data point is a key indicator of consumer demand and economic conditions in the furniture services sector.
Methodology
The data is collected through surveys of employer firms in the reupholstery and furniture repair industry.
Historical Context
Policymakers and analysts monitor this trend to assess the state of the furniture services market and its contribution to the broader economy.
Key Facts
- The reupholstery and furniture repair industry generates over $10 billion in annual revenue.
- Furniture repair services account for approximately 20% of total industry revenue.
- The sector employs over 100,000 workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses that primarily engage in repairing and reupholstering furniture in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into consumer demand and economic conditions in the furniture services sector, which is an important part of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the reupholstery and furniture repair industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the state of the furniture services market and its contribution to the overall economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of several months.
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Citation
U.S. Federal Reserve, Total Revenue for Reupholstery and Furniture Repair, All Establishments, Employer Firms (REVEF81142ALLEST), retrieved from FRED.