Expenditures: Food Prepared on Out-of-Town Trips by Region: Residence in the Northeast Census Region
CXU190904LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.00
Year-over-Year Change
108.16%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on food prepared on out-of-town trips by individuals residing in the Northeastern United States. It provides insights into consumer behavior and travel patterns in the region.
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 Expenditures: Food Prepared on Out-of-Town Trips by Region: Residence in the Northeast Census Region metric tracks spending on meals and snacks consumed away from home during travel by consumers living in the Northeastern states. This data is used by economists and policymakers to analyze regional consumption trends and tourism activity.
Methodology
The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding consumer demand, travel industry performance, and regional economic conditions.
Key Facts
- Expenditures on food prepared on out-of-town trips account for a significant portion of total travel spending.
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Tracking this metric can provide insights into the economic health and travel patterns of the Northeastern U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures expenditures on food prepared on out-of-town trips by individuals residing in the Northeastern United States. It provides insights into consumer behavior and travel patterns in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding consumer demand, travel industry performance, and regional economic conditions in the Northeastern U.S.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze regional consumption trends and tourism activity, which can inform decisions related to economic development, infrastructure investment, and industry support.
Q: Are there update delays or limitations?
A: The data is subject to the survey collection and reporting timelines of the U.S. Bureau of Labor Statistics, which may result in periodic update delays.
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Citation
U.S. Federal Reserve, Expenditures: Food Prepared on Out-of-Town Trips by Region: Residence in the Northeast Census Region (CXU190904LB1102M), retrieved from FRED.