Sources of Revenue: Information Technology (IT) Technical Design, Consulting, and Development Services for Management Consulting Services, All Establishments, Employer Firms
This dataset tracks sources of revenue: information technology (it) technical design, consulting, and development services for management consulting services, all establishments, employer firms over time.
Latest Value
21937.00
Year-over-Year Change
86.10%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the revenue sources for U.S. establishments providing IT technical design, consulting, and development services as part of management consulting services across all employer firms.
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 Sources of Revenue: Information Technology (IT) Technical Design, Consulting, and Development Services for Management Consulting Services, All Establishments, Employer Firms metric provides insights into the revenue breakdown for this specialized service industry, which is important for understanding technology consulting and professional services trends.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is useful for economic analysts and policymakers to assess the health and competitiveness of the IT services consulting industry.
Key Facts
- IT technical design, consulting, and development services are a major revenue source for U.S. management consulting firms.
- This industry has seen steady growth in recent years driven by digital transformation and technology adoption.
- The revenue breakdown provides insights into the competitiveness and business mix of the IT services consulting sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue sources for U.S. establishments providing IT technical design, consulting, and development services as part of management consulting services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and competitiveness of the IT services consulting industry, which is a critical part of the professional services sector.
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: This trend is useful for economic analysts and policymakers to assess the performance and dynamics of the IT services consulting industry, which is an important driver of economic growth and productivity.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the survey-based methodology, and the trend may not capture all revenue sources for this specialized industry.
Related News
S&P 500 Target Increases Amid Ongoing AI Growth in the US
AI Growth Drives S&P 500 Target Increases AI technology is playing a significant role in propelling S&P 500 target increases, reshaping the United States stock exchange. As Wall Street analysts tune their investment strategies in response to these changes, the S&P 500's rise serves as a mirror reflecting wider economic trends. The increasing targets have brought a new focus to stock market predictions and AI investment, altering the ways both investors and analysts approach the financial landsc
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Census Bureau, Sources of Revenue: Information Technology (IT) Technical Design, Consulting, and Development Services for Management Consulting Services, All Establishments, Employer Firms (REVTDSEF54161ALLEST), retrieved from FRED.