Total Revenue for Pet Care Excluding Veterinary Services, Establishments Subject to Federal Income Tax, Employer Firms
This dataset tracks total revenue for pet care excluding veterinary services, establishments subject to federal income tax, employer firms over time.
Latest Value
9973.00
Year-over-Year Change
258.48%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the total revenue for pet care establishments, excluding veterinary services, that are subject to federal income tax and operated as employer firms. It provides insights into the financial performance and growth of the pet care 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 Pet Care Excluding Veterinary Services, Establishments Subject to Federal Income Tax, Employer Firms trend represents the aggregate revenue generated by pet care businesses, such as pet grooming, boarding, and training services, that are taxable and have employees. This data is useful for analyzing the economic conditions and trends within the pet care sector.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This trend is valuable for policymakers, industry analysts, and investors to understand the financial health and dynamics of the pet care market.
Key Facts
- The pet care industry excludes veterinary services.
- Establishments subject to federal income tax are included.
- The data covers employer firms with paid employees.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by pet care establishments, excluding veterinary services, that are subject to federal income tax and have paid employees.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial performance and growth of the pet care industry, which is valuable for policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to understand the financial health and dynamics of the pet care market, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data may be subject to typical survey and reporting lags, but the U.S. Census Bureau aims to provide timely and accurate information on the pet care industry.
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Citation
U.S. Federal Reserve, Total Revenue for Pet Care Excluding Veterinary Services, Establishments Subject to Federal Income Tax, Employer Firms (REVEF81291TAXABL), retrieved from FRED.