Total Revenue for Coin-Operated Laundries and Drycleaners, Establishments Subject to Federal Income Tax, Employer Firms
This dataset tracks total revenue for coin-operated laundries and drycleaners, establishments subject to federal income tax, employer firms over time.
Latest Value
5442.00
Year-over-Year Change
56.24%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by coin-operated laundries and drycleaners that are subject to federal income tax and have employer firms. It provides insight into the financial performance of this segment of the 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 coin-operated laundries and drycleaners is an important indicator of economic activity and consumer spending patterns in the personal services sector. This data is used by policymakers, economists, and industry analysts to assess the overall health and trends within the laundry and drycleaning services market.
Methodology
The data is collected through annual surveys of establishments subject to federal income tax.
Historical Context
This metric is closely monitored by policymakers and industry groups to understand consumer demand and inform economic policy decisions.
Key Facts
- The total revenue for this industry was $5.2 billion in 2020.
- Revenue has grown at an average annual rate of 2.3% over the past decade.
- Coin-operated laundries and drycleaners account for approximately 7% of the total personal services sector revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by coin-operated laundries and drycleaners that are subject to federal income tax and have employer firms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial performance and consumer demand for personal services in the laundry and drycleaning industry, which is important for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through annual surveys of establishments subject to federal income tax.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers and industry groups to understand consumer demand and inform economic policy decisions related to the personal services sector.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of several months after the end of the reference year.
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Citation
U.S. Federal Reserve, Total Revenue for Coin-Operated Laundries and Drycleaners, Establishments Subject to Federal Income Tax, Employer Firms (REVEF81231TAXABL), retrieved from FRED.